February 23, 2022

The Daily Bankruptcy News

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Law:

Davis Polk Finally Announces New Compensation -- And It's MORE Than The Milbank Scale Davis Polk’s Salary Scale Surpasses Milbank’s for Top Associates
(DBN)

Conventional wisdom is wrong about lawyers’ mental health, but comparative drinking rate is ‘extraordinary,’ study says
(DBN)

‘The pandemic has left its mark’ on law firm talent management, says legal tech CEO
(DBN)

Hogan Lovells Posts 26% Profit Growth After Oracle, IBM Work
(DBN)

Jones Day Couple Must Reveal Contacts on Paternal Leave Law
(DBN)

A Preview Of The 2023 U.S. News Law School Rankings
(DBN)

An Extreme Example Of The Problem Of Law Review Fetishism
(DBN)

What Is The Owner Of A Law Firm?
(DBN)

The Treasury is asked to investigate its hiring of lawyers from big accounting firms.
(DBN)

Drunk lawyer takes off her clothes after being refused service at bar
(DBN)

Supreme Court formally denies Trump's request to review the January 6 committee's bid for White House records
(DBN)

Trump’s DNA sought in E. Jean Carroll lawsuit
(DBN)

Trump Request to Sue Rape Accuser Gets Cold Court Reception
(DBN)

Now Trump Says His Accounting Firm Was 'Broken' By 'Radical Leftist' Racists
(DBN)

Ahmaud Arbery Killers Found Guilty in Federal Hate Crimes Case Civil rights leaders called the verdict a victory for racial justice.
(DBN)

Prosecutor: Officers ignored 'human decency' during George Floyd arrest `Willfulness’ key to 2nd trial over Floyd killing
(DBN)

Jury to be finalized in Breonna Taylor-related shooting case
(DBN)

2 Louisiana Deputies Are Arrested and Fired After Fatal Shooting
(DBN)

Judge allows depositions to proceed in Deshaun Watson assault lawsuits
(DBN)

Arizona Looks To Protect Cops From That Pesky First Amendment
(DBN)

Supreme Court takes up clash over Colorado law’s protection for same-sex weddings High court takes case involving refusal to serve gay couples
(DBN)

Supreme Court to Decide Constitutional Right to Deny Service to Same-Sex Couples Supreme Court will decide whether web designer has free speech right to refuse service for same-sex weddings The Supreme Court will hear a big case about whether religion is a license to discriminate
(DBN)

Will SCOTUS Dismantle Civil Rights Law?
(DBN)

Supreme Court rejects Epstein sex abuse lawsuit
(DBN)

Sandy Hook Families Just Settled with Remington's Insurers for $73 Million. Their Reckoning with Alex Jones Is Coming Soon.
(DBN)

Alec Baldwin’s ‘Rust’ Shooting Claims Receive Support From New Mexico D.A.
(DBN)

Kyle Rittenhouse launches initiative that will fundraise money to sue media companies
(DBN)

Shooter fired at officers. Police say it was 4-year-old, acting on dad's instructions Armed Man Angry About McDonald's Order Told 4-Year-Old Child to Shoot at Cops, Police Say
(DBN)

Seattle Police Department struggling to hire new officers amid surging crime
(DBN)

Schiff calls for FBI probe into potential for misuse of rape kits
(DBN)

Ditching ICE made communities safer, Georgia sheriffs and activists say
(DBN)

Man arrested for hit-and-run after dead cyclist’s body is found in his truck
(DBN)

Sotomayor Says 'Courts Must Step In' to Protect Constitutional Rights, Urges N.Y. to End Policy of 'Indefinite Incarceration' for Sex Offenders Who Served Their Time
(DBN)

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Judges:

The Long Crusade of Clarence and Ginni Thomas Supreme Court justice Clarence Thomas' wife had ties to January 6 rally organizers and efforts to overturn the 2020 election: report
(DBN)

McConnell says he didn't think Biden's announcement to nominate Black woman to SCOTUS was 'inappropriate'
(DBN)

Judicial misconduct can be a bar to retrial under double jeopardy ban, top state court rules
(DBN)

Supreme Court Justices Don't Appear Ready to Allow Native American Tribe to Run Bingo Games on Reservation Land
(DBN)

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Wall Street:

Stock market futures rebound after S&P 500 closes in correction
(DBN)

US stocks fall as Ukraine crisis escalates with Russian troops ordered to breakaway regions
(DBN)

Bearish Bets Against Markets Surging
(WSJ)

Global stocks slide after Russia claims to have killed 5 Ukrainian soldiers on its soil
(DBN)

Ukraine-Russia crisis: Goldman Sachs' worst-case scenario for stock market
(DBN)

Heavily Hedged Traders Have Been Awaiting a Stock-Market Storm
(DBN)

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Layoffs:

Mortgage Businesses Seen Laying Off Thousands as Volume Drops
(DBN)

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Autos:

You knew used car prices were high. Here's how outrageous it has become
(DBN)

February Vehicle Sales Forecast: Decrease to 14.2 million SAAR
(DBN)

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Coal:

Banks Have Spent $1.5 Trillion On Coal Since 2019
(DBN)

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Food/Beverage:

Smashburger warns on inflation: 'There's a point where people won't pay'
(DBN)

____________

Tech:

Trump-backed Truth Social tops Apple’s app store charts
(DBN)

I tried using Trump's new social-media app, Truth Social. It took me five attempts and several error messages to sign up, then I got wait-listed.
(DBN)

A far-right figure is already accusing Trump’s Truth Social of censoring him
(DBN)

____________

Personal Finance:

The best way to answer ‘Why do you want to work here?’ in a job interview
(DBN)

____________

Student Debt:

Navient Student Loan Settlement Leaves Many With a Bill To Pay
(DBN)

Student debt: What Biden is doing (and not doing)
(DBN)

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Utilities:

Brazos Electric opens bankruptcy case against ERCOT, fighting $1.9 billion in unpaid bills Texas bankruptcy trial begins over $2 bln energy bill after 2021 winter storm
(DBN)

Can the grid’s wildfire defense stay ahead of extreme weather?
(DBN)

____________

Education:

Amendment to Florida’s ‘Don’t Say Gay’ bill would force schools to out students in 6 weeks
(DBN)

Transgender Bathroom Rights Return to Spotlight in Florida Case
(WSJ)

Four in 10 people 'not confident using numbers in their everyday lives'
(DBN)

Students Strip Searched for Vaping Devices
(DBN)

When MAGA Mob Comes for Your School
(DBN)

____________

Sports:

US women’s team players see settlement as turning point
(DBN)

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Healthcare:

Senior living a significant portion of 4Q healthcare bankruptcies: report
(DBN)

Is omicron leading us closer to herd immunity against COVID?
(DBN)

Covid Still Threatens Millions of Americans. Why Are We So Eager to Move On?
(DBN)

Two years of the coronavirus pandemic, in charts
(DBN)

Covid infections plummet 90% from U.S. pandemic high, states lift mask mandates
(DBN)

Ambulance rides are getting a lot more expensive
(DBN)

Rural hospitals stave off mass exodus of workers to vaccine mandate
(DBN)

Omicron Ripping Through Cargo Ships May Exacerbate Shipping Woes
(DBN)

Pregnancy-related deaths climbed in pandemic’s first year
(DBN)

U.S. Maternal Mortality Rate Among Black Women Is Nearly Triple That of White, Hispanic Peers
(DBN)

Rise in Non-Covid-19 Deaths Hits Life Insurers
(WSJ)

The Opioid Crisis is Here to Stay
(DBN)

____________


Economy:

Fed officials firm up plans for a swift pullback of economic help. The Fed's plans for tighter money are coming into focus
(DBN)

Why This Economic Boom Can’t Lift America’s Spirits
(DBN)

JPMorgan now expects the Federal Reserve to hike interest rates for 9 straight meetings, posing a major risk to markets
(DBN)

U.S. economy perks up as omicron fades, IHS finds — but inflation gets worse
(DBN)

The Fed shouldn't let the Russia-Ukraine crisis impact the pace of tightening, says Wharton's Jeremy Siegel
(DBN)

Russia’s incursion heightens the chance of policy mistakes by central banks Russia’s Ukraine incursion could complicate the Federal Reserve’s interest rate decisions
(DBN)

Why have so many people soured on work? COVID-19 unleashed long-simmering employee dissatisfaction
(DBN)

Consumer confidence dips in February on worries about high inflation
(DBN)

Biden announces new sanctions against Russia over Ukraine invasion: 'We've cut off Russia's government from Western financing' Biden announces first tranche of Russia sanctions, targets banks and debt Economic impact from war between Russia and Ukraine seen as limited for U.S. Ukraine-Russia crisis: 7 big companies that could be hammered Putin’s Foray Into Ukraine Is Already Disrupting The West
(DBN)

Sanctions on Russia pose new threat to a fragile global economy. The conflict’s economic consequences are likely to threaten global growth.
(DBN)

Conflict in Ukraine could send energy and food prices soaring.
(DBN)

Mea culpa: I got inflation wrong
(DBN)

64% of unemployed men in their 30s have criminal records, a barrier to landing a job
(DBN)

Women, people of color happier working from home
(DBN)

CoStar IT workers describe a secretive operation to track whether employees working remotely were at their desks and how they were dressed
(DBN)

White House Announces $450 Million to Ease Port Congestion
(DBN)

Most and Least Tax Friendly States
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Case-Shiller: National House Price Index increased 18.8% year-over-year in December Comments on Case-Shiller and FHFA House Price Increases Home prices increase at fastest rate in 34 years in December, but rising mortgage rates remain a threat
(DBN)

New Jersey’s American Dream Megamall Is Once Again Sinking in Debt
(DBN)

Forbearance rate decreases to 1.3%
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

"Mortgage Rates Edging Back Up Toward Long-Term Highs"
(DBN)

US home price growth stalls in the final month of 2021
(DBN)

Home prices skyrocketed last year. Two regions saw the biggest increases
(DBN)

America's housing boom is also a backlog
(DBN)

____________

Municipalities:

PREPA bondholders seek mediation on debt restructuring
(DBN)

Puerto Rico on the verge of discharging its bankruptcy
(DBN)

Puerto Rico bets on fiscal discipline and reforms to avoid another bankruptcy
(DBN)

____________

Oil/Gas:

Seadrill Emerges from Chapter 11 Bankruptcy After More Then A Year Of Restructuring Seadrill Clears Chapter 11
(DBN)

Blackstone Swears Off Oil-Patch Investing as Private Equity’s Retreat Widens
(DBN)

Oil prices barrel towards $100 as Putin's order to send troops into Ukraine fuels fears of disruptions to energy shipments Oil prices are at a seven-year high over worries of a Russia-Ukraine war
(DBN)

U.S. drivers brace for the highest prices in 9 years as oil approaches $100 a barrel
(DBN)

Biden Administration Halts New Oil And Gas Drilling Permits
(DBN)

Toyota and Yamaha are developing a hydrogen-fueled V8 engine
(DBN)

Shell warns of tight liquified natural gas market
(DBN)

Ukraine-Russia crisis shakes energy markets
(DBN)

Russia’s incursion into Ukraine is terrible for its oil companies
(DBN)

High court won't take Dakota Access Pipeline case
(DBN)

____________

Crypto:

Bitcoin slides as cryptos fall across the board after Putin orders Russian troops into Ukraine More Bitcoin Crash?
(DBN)

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Celebs:

Elon Musk lashes out at Elizabeth Warren as they clash again over taxes, saying he'd visit the IRS 'to say hi' and maybe have a cookie Elon Musk shuts down Warren claim that he doesn't pay taxes
(DBN)

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Labor:

Apple workers using Android phones to hide union talks from bosses: report
(DBN)

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Climate:

Biden officials: CO2 ruling has "dramatic" impact
(DBN)

Biden Urged to Declare ‘Climate Emergency’
(DBN)

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Fraud:

‘Immense fraud’ creates immense task for Washington as it tries to tighten scrutiny of $6 trillion in emergency coronavirus spending
(DBN)

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Agribusiness:

Beekeepers turn to anti-theft technology as hive thefts rise
(DBN)

____________

Religion:

The PTL Bankruptcy Case: Sex, Drugs, and Gospel
(DBN)

Spain's Church Seeks To Add Credence To Enquiry Of Alleged Child Abuse
(DBN)

Catholic Church calls Scottish govt’s guidelines on underage sex ‘morally bankrupt’
(DBN)

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Taxis:

Hundreds of Taxi Medallions Repossessed Despite Rescue Deal That Ended Hunger Strike
(DBN)

____________

Movie Theaters:

AMC Stock Looks Like a Bust as Insiders Start Heading Toward the Exit
(DBN)

____________

Fitness:

Peloton's Plan to Conceal Rust in Bikes
(DBN)

____________

Politics:

Mike Bloomberg warns Democrats of midterm "wipeout" San Francisco School Board Recall ‘Dire Warning’ for Democrats: Bloomberg
(DBN)

Joke’s on them: how Democrats gave up on rural America
(DBN)

Only one former secretary of state is praising Putin and criticizing Biden in Ukraine crisis
(DBN)

Florida's DeSantis gains popularity with Trump-like anti-'woke' agenda
(DBN)

The reality of Texas' new voting law sets in as some voters have trouble casting ballots
(DBN)

Pentagon weighs request for D.C. National Guard help ahead of trucker protests National Guard to help DC control traffic for truck convoys
(DBN)

After an FBI raid, ‘King of Laredo’ runs on his laurels
(DBN)

Rick Scott's 'Plan to Rescue America' includes promise to name border wall after Trump Sen. Rick Scott’s 11-step ‘Rescue America’ plan: tax everyone, finish the border wall and name it after Trump
(DBN)

Truck convoy organizer eyes DC Beltway shutdown
(DBN)

Trump slams Biden's 'weak sanctions' on Russia, despite previously suggesting that Russia's past invasions weren't a big deal
(DBN)

Trump: Putin's Invasion Plan Was Genius
(DBN)

Man Who Allegedly Told Cops 'I Watched Her Die, Bro' May Spend Life Behind Bars After Pleading No Contest to Strangling Ex-Girlfriend During 'Heated' Political Discussion
(DBN)

‘This should terrify the nation’: the Trump ally seeking to run Arizona’s elections
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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 Statistics:

Bankruptcies plummet as Pennsylvania households benefit from COVID-19 assistance and pandemic savings
(DBN)

______________

Subchapter V:

Congress Considers Extending Small Business Bankruptcy Rules
(DBN)

____________

Proofs of Claim:

Class Proofs of Claim Involve Procedural Minefield
(DBN)

____________

Sales:

Structuring a Section 363 Sale as a “G” Reorganization
(DBN)

____________

Exemptions:

RI House approves Corvese bankruptcy bill
(DBN)

____________

Estoppel:

8th Circuit: Insurer Owes Nothing to Arkansas Man Who Lied on Proof of Loss Statement
(DBN)

____________

Mass Torts:

J&J argues plaintiffs' attorneys don't support talc bankruptcy plan over more money
(DBN)

J&J Unit Proposes Independent Exam If It Remains in Bankruptcy
(DBN)

Blatant abuse of Chapter 11? J&J says its use of 'Texas two-step' is all about fairness
(DBN)

The “Texas Two-Step” Firestorm: This Is No Dance!
(DBN)

____________

Mediation:

Judicial Mediator Serving As Deciding Judge In Same Case: An Overreach? (McAdams v. Robinson)
(DBN)

____________

Aviation:

A Court Says United Airline's Unpaid Leave Policy for Religious Objectors Does 'Irreparable Harm'
(DBN)

Holiday weekend air travel surges to highest levels since Thanksgiving as Covid cases continue to drop
(DBN)

EU advises further relaxing travel rules for foreigners
(DBN)

Court rejects plea by India’s Go First in insolvency case
(DBN)

Heathrow Covid Losses Reach £3.8 Billion With Travel On Hold
(DBN)

____________

Sovereigns:

IMF Starts Ukraine Mission for $700M Loan After Russia Escalates
(DBN)

Russia postpones Cuba debt payments amid warming relations
(DBN)

____________

UK:

UK lost up to £16bn due to fraud and error in Covid loans schemes
(DBN)

IMF Urges BOE To Shrink Balance Sheet By £650 Billion
(DBN)

BOE Boss Says Wage Restraint Remarks Also Apply to Bank Bonuses
(DBN)

London Bankers Seen to Be Primed for Bigger Bonuses After Brexit
(DBN)

Venture Capitalist Dubbed ‘Selfish’ by Judge Faces U.K. Arrest
(DBN)

____________

Canada:

With 260 jobs at risk, receiver appointed to stave off Canada Fluorspar bankruptcy
(DBN)

Key organizer of Ottawa COVID protests denied bail
(DBN)

____________

Russia:

'Peacekeeping' tanks roll into Ukraine Ukraine Enclaves Long Steeped in Conflict Face New Peril White House official: ‘This is the beginning of an invasion’ Europe braces for further strife as Ukraine crisis escalates Biden’s First Salvo of Russia Sanctions Hits With Thud, Not Roar NATO chief: 'Every indication' points to Russia planning for full-scale invasion Ukraine’s economy is another victim of Russia’s ‘hybrid war’ Rubio: Putin won't stop with 'two little, small areas' ‘Thugs and bullies’: Nations sanction Russia over Ukraine Russian President Vladimir Putin Calls For Ukraine To Break Apart, Escalating Crisis U.S. official says a Russian invasion of Ukraine has started Russia evacuating diplomats from Ukraine Biden adviser says Russian deployment into Ukraine is 'an invasion' Lawmakers give Putin permission to use force outside Russia War fears grow as Putin orders troops to eastern Ukraine Syria supports Russia's recognition of breakaway territories in Ukraine Defying West, Putin orders troops to Ukraine rebel regions Russia now has right to build military bases in eastern Ukraine - treaties NATO chief says this is the 'most dangerous' moment in European security in a 'generation' Germany halts key pipeline project over Ukraine crisis Germany axes pivotal Nord Stream II pipeline bringing Russian gas to Europe after Putin sent troops to Ukraine Could LNG help boost European energy security, if Russia turns off the taps? Qatar says "almost impossible" to quickly replace Russian supplies to Europe Top Russian official taunts Europe with sky-high gas prices after Germany axes Nord Stream 2 pipeline Russia warns gas prices will double after Nord Stream 2 blocked Biden sanctions Russian banks and declares Ukraine invasion has begun Europe Considers a Modest Initial Set of Sanctions on Russia Western sanctions roll in as Russia sends troops into eastern Ukraine The West is trying to choke off Russian finances Big banks are keeping a close eye on Russia-Ukraine tensions. Japan ready to join sanctions on Russia After Biden's threat, White House grapples with how much to sanction Russia EU Matches U.S. Ban on Russian Bonds in Sanctions Package U.S. suggests Putin's "peacekeepers" won't trigger "massive" invasion sanctions Western sanctions roll in as Russia sends troops into eastern Ukraine The Russian oligarchs threatened with 'unprecedented' sanctions amid Ukraine crisis Biden Enlists Asian Partners for Unprecedented Russia Sanctions Plans White House weighs how hard to hit Putin with sanctions. Biden imposes sanctions over Putin's recognition of breakaway Ukraine regions McConnell calls for 'toughest possible sanctions' against Russia World leaders focus on how to punish Russia over Ukraine ‘We need a miracle’: Anxious Ukrainians await Putin’s next move Ukraine-Russia Crisis: Cyberattacks could affect U.S. UK government wants Champions League final moved from Russia US, Europe prepare for possible refugee wave out of Ukraine as Russia moves in Putin's speech was shocking to many, but not to people in Kyiv Poland: Russia should be hit with heavy sanctions Putin gets no support from UN Security Council The economic price of Putin’s use of force Ukraine Map—Putin’s Possible Next Moves in Breakaway Regions Explained Russia Is Reenacting Its Georgia Playbook in Ukraine European Commission head says Russia 'manufactured' the crisis in Ukraine and is 'responsible' for its escalation Punishing Putin: How Biden could cut Russia off from world tech The US ambassador to the United Nations said Putin 'wants the world to travel back' to a 'time when empires ruled the world' Russian Navy Cruisers Positioned to Counter U.S., French and Italian Carrier Groups in the Mediterranean Putin warns hypersonic missiles are ready to launch & stockpiles blood ‘for war’ as Ukraine declares state of emergency Biden tells Putin 'you don't need blood unless you're planning to start a war' Ukraine Seeks to Declare Nationwide State of Emergency Remember, Putin Did This to Georgia in 2008
(DBN)

Harvard economist and former Obama adviser says Russia is 'basically a big gas station' and is otherwise 'incredibly unimportant' in the global economy
(DBN)

Putin Address Takes Swipe at U.S.-Led World Order
(WSJ)

With Russia’s Invasion of Ukraine, a New Cold War Arrives
(WSJ)

China keeps walking its tightrope between Russia and the West as tensions flare in Ukraine China: Moscow has ‘legitimate’ security concerns with NATO, Ukraine
(DBN)

____________

China:

Shimao Misses Payment as $948 Million Debt Talks Drag On
(DBN)

China Fires Officials, Launches Crackdown Over ‘Chained Mom’
(DBN)

____________

Brazil:

Brazil miner Samarco faces crunch creditor vote as standoff looms
(DBN)

____________

Colombia:

Colombia court decriminalizes abortion, adding to Latin America momentum
(DBN)

____________

New Zealand:

New Zealand Protest, an Echo of Canada’s, Digs In and Turns Ugly
(DBN)

____________

Germany:

Germany slumps into second recession, says Bundesbank
(DBN)

Germany Says It Can Do Without Russian Gas. That’s a Tall Order
(DBN)

____________

Singapore:

Singaporeans Back Higher Taxes for the Rich to Reduce Inequality
(DBN)

____________

Italy:

Italian city fundraises to pay retirees’ rising energy bills
(DBN)

____________

South Korea:

S. Korea approves Pfizer’s COVID vaccine for ages 5-11
(DBN)

____________

Hong Kong:

Hong Kong announces $21 billion budget to support economy as city battles Covid
(DBN)

Hong Kong Posts 8,674 Covid Cases as Curbs Fail to Slow Outbreak
(DBN)

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