February 18, 2022

The Daily Bankruptcy News

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Due to the Presidents' Day holiday, The Daily Bankruptcy News will not publish on Monday, February 21, 2022



Law:

Top 50 Biglaw Firm Announces Black-Box Bonuses, And Some Associates Are Pissed
(DBN)

Biglaw Firm Increases Salaries And Goes Up To $395K For Senior Associates
(DBN)

UK: DWF CEO warns against 'sticking plaster' pay hikes, as Eversheds and Squire PB raise NQ pay
(DBN)

Orrick associate alleges she was groped by partner
(DBN)

Partner Response To Tragic Loss Of Associate Strikes Core Of How Biglaw Struggles With Death
(DBN)

Chairman Of Biglaw's #1 Firm Is Concerned About Its Bad Reputation
(DBN)

Ex-Willkie Chair Reinstated as Attorney After 2-Year Suspension
(DBN)

Why We Stay At Our Firms, And What To Do When We Shouldn’t
(DBN)

Alston & Bird Faces Malpractice Suit Over Sanitizing Wipe Advice
(DBN)

Suge Knight's Former Attorney Accepts Lifetime Ban from Practicing Law in California After Allegedly Bribing Witnesses to Lie at Rap Mogul's Murder Trial
(DBN)

Major law firm buys property in the metaverse and opens virtual office
(DBN)

Lawyer lost his job, his fiancee and his friends after presence outside Capitol riot
(DBN)

ABA opposes provisions in Florida’s ‘Don’t Say Gay’ bill
(DBN)

From Biglaw To Poet
(DBN)

U.S. Soccer Paid $9.2 Million to Firm Fighting Women’s Bias Suit
(DBN)

Chief D.C. Judge Sternly Suggests Prosecutors Have Contributed to Notion That Jan. 6 Was Merely 'Legitimate Political Discourse' Rudy Giuliani says the January 6 committee is 'illegal' and 'can't subpoena anybody,' — after being subpoenaed himself Capitol riot attendee says he lost his friends, fiancée, and job Jan. 6 committee considers subpoena for Ivanka GOP reps call for release of security footage amid allegations of 'reconnaissance tours' Journalist Reveals 'Chilling' Text GOP Lawmaker Sent White House Before Jan. 6 Riot
(DBN)

Lawyer indicted in Durham probe asks court to dismiss charge
(DBN)

New York AG: Trump defense of financial statements contradicts court filing Trumps Say New York Attorney General Letitia James Improperly Conducting Criminal Probe Trump's lawyers accuse NY AG Tish James of political bias and 'prosecutorial misconduct' in fiery court hearing Donald Trump's Lawyer Tells Judge New York Attorney General Is Targeting Him and His Family 'Probably Because He Can Win Again in '24' Trump's lawyer interrupted a hearing about the Trump Organization's finances to ask New York's AG to investigate whether Hillary Clinton spied on Trump D.C. AG Can Depose Trump Org’s Indicted Ex-CFO Allen Weisselberg in Inaugural Committee Suit; Trump Jr. Must Turn Over More Docs
(DBN)

Judge Refuses to Quash Subpoenas and Depositions for Donald Trump and His Children: It Would Be a 'Blatant Dereliction of Duty' Not to Investigate Judge orders Trump, children to answer questions about their business practices under oath After ----show Trump Hearing, Court Orders Vanky, Deej, And Their Dad To Go Under Oath
(DBN)

Powell Sues Verizon to Hide Phone Records
(DBN)

For Trump, a Perilous Exclamation Point to Years of Wealth Inflation
(DBN)

Sarah Palin lost latest legal battle against New York Times. Will the case go to the Supreme Court?
(DBN)

Tesla CEO Musk accuses SEC of calculated effort to ‘chill’ his right to free speech Musk Says SEC Tries to ‘Chill’ His Speech With ‘Endless’ Probe Elon Musk blasted for tweeting Adolf Hitler meme
(DBN)

Michael Sussmann Asks Judge to Toss Durham Indictment, Says He 'Did Not Make Any False Statement to the FBI'
(DBN)

Use of rape-kit DNA to probe other crimes shocks prosecutors
(DBN)

Biden administration sues Missouri over controversial gun-rights bills DOJ Sues to Strike Down Missouri Gun Law, Argues It Discriminates Against the Federal Government
(DBN)

California lawmaker introduces bill of rights for cats, dogs
(DBN)

Texas Guardsmen on border start unionizing to combat difficult conditions
(DBN)

‘Companies can no longer look the other way’: Is it time for corporate America to take a stand on abortion?
(DBN)

A 12-year-old is charged with murder in the beating death of a 70-year-old man during a carjacking
(DBN)

9 Austin Cops Charged w/ Use of Excessive Force
(DBN)

Clearview AI Is Basically Making The Dark Knight Database Thing And It's Legal
(DBN)

Dallas Cowboys paid $2.4 million to cheerleaders who accused exec of locker room voyeurism, ESPN reports
(DBN)

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Judges:

How Much Judicial Experience Does An Ideal Supreme Court Nominee Need? History Suggests... None.
(DBN)

Clyburn on Supreme Court pick: 'I don't believe in ultimatums'
(DBN)

11-year-old girl tells Biden why she should be nominated to Supreme Court
(DBN)

Associate Indicted After Faking Court Orders
(DBN)

‘The good ship 5th Circuit is afire’: Majority invented ‘new Title VII sin’ in vaccine case, dissenter says Vaccine Mandate Dissent Spits Hot Fire For 53 Pages
(DBN)

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Wall Street:

 

Dow drops 622 points for worst session of 2022 because Ukraine fears are rising again Dow books biggest drop since November as stocks end sharply lower on renewed Ukraine fears
(DBN)

Goldman CEO David Solomon raises financial targets and takes victory lap
(DBN)

US stocks fall as fears of escalation in Russia-Ukraine crisis overshadow strong corporate earnings reports
(DBN)

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Climate:

Natural disasters hit roughly 1 in 10 American homes in 2021
(DBN)

California Records Driest January in 38 Years
(DBN)

U.K. Faces Dangerous Winds in One of the Worst Storms for Years
(DBN)

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Healthcare:

A Health-Care Group Is Poised to Buy Bankrupt Hospital in Watsonville, California
(DBN)

COVID cases plummet all across the U.S.
(DBN)

There Is Nothing Normal about One Million People Dead from COVID
(DBN)

Estimated 73% of US now immune to omicron: Is that enough?
(DBN)

U.S. headed closer to point where pandemic is no longer a crisis, White House says, but sticks with face masks for now
(DBN)

California shifting to 'endemic' approach to COVID-19 Signs the coronavirus is becoming endemic
(DBN)

Colorado Health Officials End Covid-19 Crisis Declaration
(DBN)

Montana State Psychiatric Hospital Is in ‘Immediate Jeopardy’
(DBN)

U.S. babies die at a staggering rate due to premature birth. The only drug meant to prevent it doesn't work, FDA says
(DBN)

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Economy:

61% of Americans now living paycheck to paycheck
(DBN)

Is the economy really that bad? Why inflation has the middle class so on edge
(DBN)

U.S. Jobless Claims Rise, Concentrated in a Few States Weekly US jobless claims up, but remain historically low
(DBN)

Immigrants could help the US labor shortage — if the government would let them
(DBN)

Fed Traders Have Dialed Back Bets on a Supersized March Hike
(DBN)

Bullard Says Fed May Need to Raise Rates Above 2% to Curb Prices Fed’s Bullard says inflation ‘could get out of control,’ so action is needed now
(DBN)

High US inflation 'not acceptable' but recovery on track: Yellen to AFP
(DBN)

Manchin Says He’s Undecided on Raskin and Other Biden Fed Picks
(DBN)

Great Resignation Increased in Eight U.S. States in December
(DBN)

Labor Market Dominates U.S. Earnings Calls, Goldman’s Kostin Says
(DBN)

Democrats' Muscle-Flexing on Inflation Meets Reality and There's No Easy Fix
(DBN)

Walmart says shoppers are on alert as grocery bills climb
(DBN)

How the ‘Freedom Convoy’ trucker protests have worsened U.S. supply chain issues
(DBN)

Elon Musk hits back at Joe Biden's 'buy American' promise, saying Tesla's Model 3 is the most US-made car in the country
(DBN)

Small Cities Chase Remote Workers With Bikes, Bitcoin and Cash
(DBN)

KKR Urges Rotation Into Credit as Rate Concerns Rock Markets
(DBN)

Small Businesses Still Face $28 Billion of Unforgiven PPP Loans
(DBN)

Crack Down on Global Supply Chain Collusion Pledged by Watchdogs
(DBN)

White House economists push back against pressure to blame corporate power for inflation
(DBN)

More virus rules fall as CDC hints at better times ahead
(DBN)

A test to determine COVID immunity could reshape US policy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

January Housing Starts: Most Housing Units Under Construction Since 1973 U.S. Housing Starts Drop 4.1% in First Decline in Four Months
(DBN)

Mortgage Rates in U.S. Soar to 3.92%, Highest Since May 2019 U.S. mortgage interest rates top 4% for first time since 2019
(DBN)

When Does a Judgment Lien and FiFa Attach to Real Property in Georgia?
(DBN)

____________

Oil/Gas:

Pioneer CEO Sheffield Warns U.S. Shale Is Unable to Grow Much More
(DBN)

Biden sent 2 officials to Saudi Arabia to ask the kingdom to produce more oil, fearing a Russian attack would send energy prices soaring
(DBN)

Here comes $7 gas prices, warns oil strategist in dire outlook
(DBN)

The U.S. is now energy independent
(DBN)

India Unveils Hydrogen Roadmap to Speed Shift From Fossil Fuels
(DBN)

____________

Distressed Investing:

BlackRock Alums Debut First Junk ETFs Just as the Credit Cycle Turns
(DBN)

____________

Telecoms:

Ex-Google CEO: 5G in the US is a Joke
(DBN)

____________

Personal Finance:

How to answer ‘tell me about yourself’ and 2 other tricky interview questions
(DBN)

How to achieve financial freedom, according to 3 couples and individuals under 40 who've done it
(DBN)

____________

Food/Beverage:

Burger King is removing items from its menu and offering fewer discounts
(DBN)

Senate’s Warren Renews Call for Scrutiny of Sanderson Poultry Deal
(DBN)

____________

Crypto:

The rise of crypto on Wall Street could end up triggering another financial crisis, global watchdog warns
(DBN)

Justice Department leaders are expanding their crackdown on cyber criminals and cryptocurrency abuse, a top official said
(DBN)

____________

Tech:

Upsolve CEO explains the ‘cruel irony’ of the bankruptcy system
(DBN)

____________

Utilities:

One year after an epic storm, Texas' largest electric co-op takes on grid operator
(DBN)

Energy Fund Files for Bankruptcy with $26 Million in FERC Claims
(DBN)

____________

Fitness:

Peloton workers say that rusting bikes were knowingly sent to customers as the firm grappled with soaring demand and a lack of inventory, a report says
(DBN)

____________

Religion:

Vatican spy story takes center stage as fraud trial resumes
(DBN)

____________

Hedge Funds:

Sculptor Capital Plunges Most Since May 2020 After Posting Outflows
(DBN)

____________

Student Debt:

Pressure grows on Biden administration to change student loan bankruptcy rules
(DBN)

Education Department forgives $415 million in student debt Education department to erase $415M in student loan debt for nearly 16K borrowers 16,000 more student loan borrowers will get $415 million in debt forgiveness. The Biden administration says that's $2 billion of debt relieved so far.
(DBN)

____________

Autos:

Tesla Tumbles in Consumer Reports Ranking After Design Changes
(DBN)

Safety regulator opens third Tesla probe in 6 months
(DBN)

Auto supply chain still sputtering
(DBN)

AutoNation Posts Record Profit as Used-Car Sales Outstrip New
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Executory Contracts:

Bankruptcy and the Anti-Assignment Acts: A New Approach to the Issue of Assumption and Assignability of Government Contracts
(DBN)

____________

Mass Torts:

Purdue Pharma Mediator to Provide Opioid Settlement Update by Friday
(DBN)

Purdue Pharma mediator to recommend ways to end bankruptcy
(DBN)

Talc plaintiffs’ lawyers allege J&J put lawsuits in bankruptcy to protect brand
(DBN)

____________

Bankruptcy Policy:

Bankruptcy and the State
(DBN)

____________

Automatic Stay:

Responding to Automatic Stay Violations: A Cautionary Tale for Overzealous Debtors’ Attorneys
(DBN)

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Safe Harbors:

Custodian or Not: Scrivener's Error in a Bankruptcy Code Safe Harbor
(DBN)

____________

Ch. 13:

Having Your Cake and Eating It Too: Why Voluntary Post-Petition 401(K) Contributions Are Disposable Income
(DBN)

____________

Solvent Debtors:

“Solvent Debtor Exception” For Post-Petition Interest On Unsecured Claims (In re Hertz)
(DBN)

____________

Aviation:

With Omicron as a ‘Golden Ticket,’ American Travel Fears Fade
(DBN)

The return of ‘revenge travel’: As omicron wanes, Americans eagerly book vacations
(DBN)

FAA refers 80 unruly airline passenger cases to FBI for possible criminal prosecution, officials say
(DBN)

Bezos’ Blue Origin building more rockets to meet ‘robust’ space tourism demand
(DBN)

Airbus CEO says hydrogen plane is ‘the ultimate solution’
(DBN)

____________

History:

At 101, he wants to set the record straight
(DBN)

____________

Retailing:

Walmart's earnings and the great retail convergence
(DBN)

Macy’s upgraded but Nordstrom downgraded, as department store category continues to shift
(DBN)

Retailers embrace new tracking tech on goods to crack down on theft
(DBN)

____________

Agribusiness:

Fewer farm bankruptcy filings in 2021
(DBN)

____________

Education:

Long-Struggling Ohio Valley University Files for Bankruptcy
(DBN)

National Guard deploys for new emergency: Teacher shortages
(DBN)

Sexual assault reports increase at US military academies
(DBN)

School apologizes for 'Stuff Some Adults Don't Want You to Read' sign in library
(DBN)

____________

Fraud:

Ponzi scheme behind patriotic vodka bilked investors out of $900,000, prosecutors say
(DBN)

____________

Politics:

Lujan Says He'll Return to Senate Soon, Bolstering Democrats
(DBN)

‘The brand is so toxic’: Dems fear extinction in rural US
(DBN)

New Hampshire bellwether points to challenges for Democrats
(DBN)

COVID-19 rules boomerang on Democrats
(DBN)

GOP tensions boil over Trump's fundraising tactics
(DBN)

CPAC's straw poll is the first Trump vs. DeSantis primary
(DBN)

Republican voters split over RNC censure of Cheney and Kinzinger: poll
(DBN)

New Congressional Maps: Most Votes Won't Matter Anymore
(DBN)

____________

UK:

Bust Utilities Lost £500 Million of Customer Cash, Centrica Says
(DBN)

____________

Canada:

Ottawa Police Start Limiting Access to 'Downtown Core' to Curb Protests MyPillow CEO Mike Lindell's shipment of 12,000 pillows meant for the protesting Canadian truckers has been delayed Banks Get Protesters’ Names as Canada Financial Squeeze Unfolds How American cash for Canada protests could sway US politics Truckers brace for a possible crackdown in besieged Ottawa Ottawa police presence grows as chief vows to 'take back' city from 'Freedom Convoy' protesters Ottawa Protest Getting Tense with Police
(DBN)

____________

Portugal:

Portugal Ends Work-From-Home Guidance as Covid-19 Cases Drop
(DBN)

____________

Russia:

Blinken makes dramatic bid at UN to prevent Russian invasion of Ukraine Blinken lays out Putin's playbook for Ukraine invasion at UN hearing Biden: Russian threat to invade Ukraine still ‘very high’ Russia expels No. 2 US diplomat from Moscow Biden says there is a 'very high' risk of a Russian invasion of Ukraine in next few days Ukraine says Russia is engaging in 'provocative shelling' on the border as pro-Kremlin militants claim the opposite Ukraine, Russia-Backed Separatists Allege Cease-Fire Violations Kindergarten ‘hit by pro-Russian forces’ as Boris Johnson accuses Moscow of ‘false flag operation’ Europe Moves to Shield Economy From Possible Russia Sanctions Russia Tells U.S. No Ukraine Invasion Planned, Tass Says Gold touches $1,900 for the first time since June on flare up in Russia-Ukraine tensions Israel asks Russia to help evacuate Israelis if it invades Ukraine Satellite images show new military bridge near Ukraine amid Russian buildup U.S. says Russia trying to create pretext for imminent invasion after shelling in east Ukraine
(DBN)

____________

Mexico:

Credito Real Bondholders Tap Adviser for Restructuring Talks
(DBN)

____________

China:

Beijing Olympics get political with Taiwan, Uyghur questions
(DBN)

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