February 2, 2022

The Daily Bankruptcy News

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Law:

Gigantic Biglaw Salaries Are Making Associates Reconsider Taking Pay Cuts To Go In-House
(DBN)

Biglaw Firms Scrap Return-To-Office Plans Yet Again Due To Latest COVID Variant
(DBN)

Lawyer is suspended for coaching client using chat function during virtual trial
(DBN)

Trend Alert: Lawyers Who Won't Go Back To The Office Without Their Dogs
(DBN)

Texas law firms see slower growth as out-of-state firms swoop in
(DBN)

Michael Avenatti Decides Jury Better Off Not Hearing From Him
(DBN)

Lawyer can’t pursue suit over negative online reviews by nonclients, 7th Circuit rules
(DBN)

Elite Law School Cancels In-Person Class Amid Mass Shooting Threat
(DBN)

Acing the Exam: Kellye Testy made sure the pandemic wouldn’t disrupt law school admissions process
(DBN)

From Georgetown to Yale, free speech controversies roil top law schools
(DBN)

Trump Had Role in Weighing Proposals to Seize Voting Machines • Trump Calls for the Jan. 6 Committee to Investigate Mike Pence • Trump: Pelosi Was Behind Jan. 6 Riot • Trump Says Capitol Police Suing Him Are ‘Grasping at Straws’ • Trump says congressional investigators should examine why Pence didn't reject electoral college results • McConnell says he opposes shortening sentences for Jan. 6 rioters after Trump proposed pardons • Invader of Nancy Pelosi's Office Now Refuses to Shave Beard Until Jan. 6 Defendants Are 'Free' • Jan. 6 'Bullhorn Lady' Asks Federal Judge for Public Defender, Says She Can't Afford to Pay Private Lawyer • Madison Cawthorn sues to stop inquiry into his Jan. 6 insurrection links • George W. Bush Appointee Becomes Seventh District Judge to Reject Motion to Dismiss Jan. 6 Obstruction Charge • The revealing Trump White House debate over whether to seize voting machines
(DBN)

Trump, citing New York prosecutor's email, decries probe as political
(DBN)

Trump Tore Up Official White House Records
(DBN)

N.Y. attorney general subpoenaed Trump D.C. hotel records from feds
(DBN)

After Trump's Weekend Ranting, NYAG Dunks On Claims That His Speech Is Being Stifled
(DBN)

Senators Aim to Prevent Another Jan. 6 by Changing Electoral Vote Law • Legal Experts Praise Electoral Count Act Reform Proposals as Likely to 'Make Election Subversion Less Likely'
(DBN)

New York Times sues the State Department for emails mentioning Hunter Biden for investigation into whether US officials helped private business interests
(DBN)

The entire federal prison system is on lockdown after 2 people were killed at a Texas facility
(DBN)

Minority women most affected if abortion is banned, limited
(DBN)

Jury questioning to begin in case related to Breonna Taylor
(DBN)

Another 19 convictions tied to a corrupt Chicago cop are being tossed
(DBN)

Medical examiner on stand at officers’ trial in Floyd death
(DBN)

Texas National Guard: Abbott's Border Operation a Disaster
(DBN)

A 98-year-old Holocaust survivor built a massive TikTok following to combat deniers: 'It happened'
(DBN)

Over a dozen HBCUs get bomb threats on first day of Black History Month
(DBN)

N.D. Woman Who 'Loves a Man in Uniform' Faces Up to Six Years in Prison For 'Slapping a Sexy Cop in the Ass' at Tavern: Sheriff
(DBN)

Fired Miami Dolphins Head Coach Brian Flores Sues NFL for Racial Discrimination in Class Action Lawsuit That Begins with Awkward Bill Belichick Text Exchange
(DBN)

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Judges:

Former WVa Supreme Court justice, bankruptcy judge dies
(DBN)

BK MD: The Honorable David E. Rice Selected as Chief Judge Effective April 30, 2022
(DBN)

PACER: New CM/ECF Events Regarding the Bankruptcy Administration Improvement Act of 2020
(DBN)

BK VT: Notice of Recall Appointment U.S. Bankruptcy Judge Colleen A. Brown
(DBN)

Federalist Society: Gorsuch Speech a Secret
(DBN)

Biden to Consult With Key Senators on U.S. Supreme Court Nominee
(DBN)

Critics slam Cruz for saying Biden's vow to nominate first Black woman to Supreme Court is 'offensive'
(DBN)

Republicans Warming Up For Rousing Chorus Of 'A Black Woman, Okay, Just Not This Black Woman'
(DBN)

History shows why it's time for Black woman to sit on the Supreme Court
(DBN)

The Overwhelming Whiteness Of The Supreme Court
(DBN)

Supreme Court shouldn't be covered in Ivy, 2 lawmakers say
(DBN)

Possible SCOTUS nominee saw impact of criminal justice system in uncle’s case
(DBN)

When Supreme Court Justices Go Rogue
(DBN)

Republicans question Japanese-American judicial pick on book review
(DBN)

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Wall Street:

Nasdaq futures jump 1.5% after Alphabet pops on strong earnings
(DBN)

Worst-Ever Outflows for SPY ETF as QQQ Bleeds Most Since Dot-Com
(DBN)

After volatile January, choppy start of new month for world stocks
(DBN)

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Layoffs:

Tesco says 1,600 jobs at risk from store changes
(DBN)

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Tech:

Spotify’s Joe Rogan Problem Isn’t Going Away • What will Neil Young’s protest mean for Spotify? • Spotify Exodus Grows as Graham Nash Signals Withdrawal
(DBN)

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Sports:

Virus infections for Olympic athletes, coaches rising faster
(DBN)

U.S. Olympic bobsledder Elana Meyers Taylor tests positive for COVID
(DBN)

The Winter Games, a different kind of Olympics
(DBN)

Tom Brady retires after 22 seasons, 7 Super Bowl titles
(DBN)

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Utilities:

PG&E certified 'safe' again by Newsom admin, victims lose value in stock sale
(DBN)

Texas Power Prices Surge With Cold Snap Poised to Test Grid • Texas grid operator warns electricity demand could near records during cold snap • Arctic Blast for Texas Will Be Fresh Test for Energy Sector • Gov. Abbott promised last fall that 'the lights will stay on.' Now he says there's no guarantee.
(DBN)

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Student Debt:

It will be 'a challenge to motivate' student-loan borrowers to pay off their debt after a 2-year pause, the Education Department tells government watchdog
(DBN)

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Cruise Lines:

‘A colossal mess’: Embattled Crystal Cruises diverts second ship to Bahamas, sends passengers to Fort Lauderdale
(DBN)

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Healthcare:

Covid Hospital Admissions Are Down in 34 States, Easing Staffing Crises
(DBN)

WHO warns of pandemic's "large increases" in health care waste
(DBN)

Ivermectin shows ‘antiviral effect’ against COVID, Japanese company says
(DBN)

US urges Pfizer to apply for under-5 COVID shots • Pfizer Seeks FDA Clearance for Covid Shot in Children Under Five
(DBN)

Pregnant Women With Covid Are Unlikely to Transmit to Babies
(DBN)

CDC: COVID hospitalization rates higher for unvaccinated than boosted
(DBN)

CDC raises travel advisories for a dozen countries due to COVID spike
(DBN)

Lockdowns had little or no impact on COVID-19 deaths, new study shows
(DBN)

Why inflation hasn't hit health care the same way
(DBN)

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Economy:

ISM® Manufacturing index Decreased to 57.6% in January • U.S. Manufacturing Growth Eases for a Third Straight Month on Covid Surge • Omicron restrains U.S. manufacturing; supply bottlenecks slowly easing
(DBN)

National Debt Crosses $30 Trillion
(DBN)

BLS: Job Openings "little changed" at 10.9 million in December • U.S. Job Openings Rose Unexpectedly in December • Job openings rose in December amid worker shortages • U.S. job openings increase in December; quits decline
(DBN)

White House Warns Latest Jobs Data Will Be Ugly Due to Omicron
(DBN)

Companies raise over half a trillion dollars of debt in record Jan
(DBN)

The labor shortage shows no sign of slowing down as job openings ticked up in December • The labor shortage shows no sign of slowing down as job openings ticked up in December
(DBN)

4.3 million Americans left their jobs in December as omicron variant disrupted everything
(DBN)

Manchin Says Biden Plan ‘Dead’, Talks Must Start From Scratch
(DBN)

Little of the Paycheck Protection Program’s $800 Billion Protected Paychecks
(DBN)

Fed’s Harker Backs March Hike, Is Less Convinced on Half-Point Move • Fed's Harker says four rate hikes are appropriate for this year
(DBN)

Fed's Bullard does not think a half-point rate hike 'really helps us' • Fed's Bullard sees rate hikes now, then time to assess • Fed's Bullard says unemployment rate can go below 3% this year
(DBN)

Bostic: Fed needs to act "soon" to be sure inflation expectations stay controlled
(DBN)

Manchin Praises Biden’s Fed Picks as ‘Extremely Qualified’
(DBN)

Worst January Ever for Junk Bonds Shows Fed’s Surprise Impact
(DBN)

Consumer pessimism grows as inflation accelerates
(DBN)

Millennials say they'll never have enough money to get what they want in life
(DBN)

Covid Fatigue? 70% of Americans Say ‘We Just Need to Get on With Our Lives,’ According to New Poll
(DBN)

Superyacht Sales Jumped 77% Last Year
(DBN)

Goldman Sachs leads U.S. banks in return to office
(DBN)

Pentagon tells governors National Guard must be vaccinated against COVID
(DBN)

Denver dropping mask or proof of vaccine requirement: Omicron has ‘run out of fuel’
(DBN)

Poll: Most Americans aren't 'done with COVID.' But new numbers hint they may be soon.
(DBN)

The new Omicron subtype BA.2 could prolong the current wave of COVID-19 infection, scientists say
(DBN)

USTR official says China failed to meet 'Phase 1' trade deal pledges
(DBN)

Remote work isn’t the problem. Work is.
(DBN)

Normal Supply Chain Unlikely in 2022
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

CoreLogic: House Prices up 18.5% YoY in December
(DBN)

Rents Still Increasing Sharply Year-over-year
(DBN)

Suburban sprawl’s economic impact on the U.S. economy
(DBN)

U.S. construction spending misses expectations in December
(DBN)

'The million dollar question' for homebuyers right now
(DBN)

This Was the Median Price of Homes Sold in December
(DBN)

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Municipalities:

Cities and counties across America clamor for slice of new infrastructure funds
(DBN)

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Oil/Gas:

Exxon's profits soar on higher oil prices • Exxon Reaps Biggest Profit Since 2014 as Energy Prices Rally
(DBN)

OPEC Barely Increased Supply Last Month Amid Chronic Struggles
(DBN)

U.S. Holds World’s Top LNG Exporter Spot on European Energy Crisis
(DBN)

The Global Gas Crisis Has Made American LNG Hot Again
(DBN)

EV Sales Hit Record in Norway With Fossil Engines Soon Gone
(DBN)

Ford to make new investment of up to $20 billion in EV push
(DBN)

Recycled Lithium-Ion Batteries Can Perform Better Than New Ones
(DBN)

Biden's Race to Convert Trump Voters to EVs
(DBN)

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Education:

Virginia governor sued again over order to make masks optional in schools
(DBN)

Judge who blocked Iowa’s school-mask ban went too far, 8th Circ says
(DBN)

Texas parent demands school district ban Michelle Obama book over 'reverse racism'
(DBN)

GOP senator wants to punish teachers whose lessons don’t line up with students’ religions
(DBN)

Hostility and exhaustion linked to Covid fuel superintendent shortage
(DBN)

More Than Half of Teachers Looking for Exits
(DBN)

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Fraud:

Resorts World Las Vegas boss fights subpoena in high-roller bankruptcy litigation • Resorts World LV executive objects to subpoena
(DBN)

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Autos:

Toyota Apologizes for Worker's Suicide
(DBN)

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Cannabis:

Cannabis’s boom-bust cycle has a hidden victim: workers
(DBN)

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Climate:

New metric shows how severe global warming is getting
(DBN)

Satellite Data Reveals How to Fix a Global Methane Hotspot
(DBN)

Bankers Making Improbable Green Claims May Soon Be Exposed
(DBN)

Major winter storm: Heavy snow, paralyzing ice forecast for Midwest, mid-South
(DBN)

91 million under winter weather alerts as U.S. faces 2nd major storm in a week
(DBN)

'Absolutely extraordinary' lightning bolt stretched across 477 miles - setting new record
(DBN)

This is how much meat and dairy hurt the climate
(DBN)

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Politics:

Trump began 2022 with a war chest of $122 million
(DBN)

Airing 2020 election grievances, Trump appears in first TV ad for Georgia gubernatorial hopeful David Perdue
(DBN)

Trump endorses primary challenger to GOP Rep. Tom Rice, continuing his effort to rid the party of anyone who supported his impeachment
(DBN)

Trump advisors convinced him to stop promoting vaccines, fearing backlash from his base, report says
(DBN)

Fox News wanted viewers to hear an anti-vax trooper’s story – until he died of COVID
(DBN)

Whoopi Goldberg sorry for saying Holocaust not about race • Goldberg Suspended from The View for 2 Weeks
(DBN)

Democrats Bank More Cash Than Republicans in Tight Senate Races
(DBN)

Michigan GOP candidates draw scrutiny for suggestions to unplug election machines, use firearms to protect observers
(DBN)

Mich. GOP governor candidate said rape victims shouldn't have abortions: 'Baby inside them may be the next president'
(DBN)

‘You don’t belong in elected office’: Republican ripped for encouraging violence against elections officials
(DBN)

A new Supreme Court case could make it nearly impossible to stop racial gerrymanders
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

Bankruptcy Jobs:

(1) • (2) • (3) •(4)• (5) • (6) • (7) • (8)
(DBN)

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Bankruptcy Statistics:

BK ME: January 2022 Statistics
(DBN)

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Miscellaneous:

Recent Developments in Bankruptcy Law
(DBN)

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Bankruptcy Administrators:

Selection of Bankruptcy Administrator, Eastern District of North Carolina
(DBN)edu

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Mediation:

In Mediation, Ignore The “F” Word: “Final Offer”
(DBN)

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Bankruptcy Reform:

Abusing Chapter 11: Corporate Efforts to Side-Step Accountability Through Bankruptcy
(DBN)

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Aviation:

Passenger goes into labor on 11-hour flight: 'Literally just witnessed a woman giving birth'
(DBN)

I was a flight attendant for 2 years. Here are the answers to 10 questions passengers always ask.
(DBN)

A nearly abandoned New York airport is getting nonstop flights to Europe for the first time since 2019 with fares starting at $109 one-way
(DBN)

Traveling to Puerto Rico? Entry restrictions are about to ease for vaccinated US travelers
(DBN)

Germany Gets Green Light for $1.9 Billion Berlin Airport Bailout
(DBN)

British Airways plane almost flips at London Heathrow due to Storm Corrie
(DBN)

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Ride Hailing:

GM’s Cruise Offers Driverless Rides, Triggering SoftBank Funds
(DBN)

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Movie Theaters:

AMC Jumps as Movie-Theater Operator’s Forecast Beats Expectations
(DBN)

In-debt Cineworld seeks to delay payments to former Regal shareholders • Cineworld hopes to delay payments to former Regal shareholders as it struggles under £5bn debt pile
(DBN)

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Mass Torts:

Johnson & Johnson, Opioid Distributors to Pay $590 Million to End Tribe Claims
(DBN)

Bankruptcy Filing To Avoid Johnson & Johnson Baby Powder Cancer Lawsuits Described as “Serious Abuse” By Law Professors
(DBN)

Purdue Litigation Shield for Sacklers Should Lapse, Cities Say
(DBN)

Sacklers, States Near Bigger Purdue Pharma Opioid Settlement
(DBN)

States close in on bigger OxyContin deal
(DBN)

Purdue Pharma Judge Extends Sacklers' U.S. Litigation Shield to Feb 17
(DBN)

BSA Wants More Votes for Sex Abuse Settlement • Boy Scouts lawyer touts ‘significant progress’ towards sex-abuse settlement
(DBN)

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Retailing:

Supply Chain Issues May Spur More Retail Bankruptcies in the Year Ahead
(DBN)

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Newspapers:

Chicago Sun-Times becomes nonprofit newspaper with $61 million in backing as merger closes
(DBN)

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Labor:

Starbucks Seeks to Quash Union Election at Three New York Stores
(DBN)

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Food/Beverage:

Massive brawl inside Golden Corral
(DBN)

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Sovereigns:

Zambia aims for IMF debt deal in May – Finance Minister
(DBN)

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UK:

‘Zero shame’: UK press savages Boris Johnson after ‘lockdown parties’ report • Boris Johnson wins breathing space from ‘partygate’ woes
(DBN)

‘Britain’s Bill Gates’ is facing extradition to the U.S.: Here’s all you need to know
(DBN)

London Targets $405 Million in Driver Fees to Plug Transit Gap
(DBN)

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EU:

Record euro zone inflation piles pressure on ECB
(DBN)

Europe Spent Just a Third of €3 Trillion Covid War Chests
(DBN)

Europe Averts Worst of Winter Energy Crisis, Thanks to the Weather
(DBN)

Danes halt virus restrictions; rest of Europe a patchwork
(DBN)

Euro zone jobless rate falls to record low in Dec 2021
(DBN)

Euro zone factory growth accelerated in Jan as bottlenecks eased -PMI
(DBN)

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Canada:

Alberta Court of Appeal Concludes ASC Administrative Penalty Does Not Survive Bankruptcy
(DBN)

Canadian Factory Activity Grows at Slower Pace as Omicron Weighs
(DBN)

Metro Homes' financial woes leave buyers in lurch
(DBN)

Canada's economy recovered to pre-pandemic levels in Nov, Dec seen flat
(DBN)

Canada halibut farming group declares bankruptcy, owing millions
(DBN)

Quebec premier drops plan to tax unvaccinated residents
(DBN)

Trucker convoy protest: 'I have never seen such a display of hate,' Canadians say as demonstrators crowd Ottawa for third day
(DBN)

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MENA:

The Betrayal • Leaked document reveals Biden’s Afghan failures
(DBN)

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Russia:

Ukraine-Russia crisis: What to know about rising fear of war • Putin Holds Out Hope for Deal With U.S. on Security Tensions • On a potential invasion path, Ukrainians watch, worry, plan - and some dance • Will tough US sanctions deter Russian aggression in Ukraine? • Putin moves closer to war • Putin: US Trying to Draw Russia into War
(DBN)

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China:

China’s Communist Party Quietly Inserts Itself Into Everyday Life
(DBN)

China Home Sales Slump Deepened in January in Blow to Economy
(DBN)

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Venezuela:

After 99.99% Plunge, Venezuela’s Bolivar Has Finally Stabilized
(DBN)

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India:

Pandemic disruption poses risk to India's FY23 fiscal deficit, says Moody's analyst
(DBN)

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Mexico:

US travelers urged to 'avoid travel to Mexico' and 'exercise increase caution' in hot spots
(DBN)

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Australia:

“Like a bad zombie movie”: Government brings back six-year-old plan to cut bankruptcy terms to one year
(DBN)

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