February 8, 2022

The Daily Bankruptcy News

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Law:

Top 10 Biglaw Firm 'Matches' On Raises... Kind Of... But Not Yet
(DBN)

Law Students And Young Associates Struggling During 'Post'-COVID Times
(DBN)

These law schools' grads crush the bar exam. It's not who you think
(DBN)

Davis Polk Black Ex-Lawyer Says Evidence Warrants Job Bias Trial
(DBN)

Wisconsin Attorney Owes Disciplinary Sanction Despite Bankruptcy
(DBN)

You Know It’s Bad When A Judge Says ‘Wells Fargo Committed Fraud’ And That’s Not The Key Issue
(DBN)

Lawyer is suspended for deposition threat to expose intimate photos of woman in court record
(DBN)

West Virginia Could Have A New Law School. I Wonder Where It Will Rank?
(DBN)

DA Becomes Victim Of 'Cancel Culture' Or Her Own 'Incompetence' Depending On Who You Ask
(DBN)

Manhattan DA walks back prosecution policies criticized as too lenient
(DBN)

American Lawyer Loses Appeal Over Hong Kong Police Scuffle
(DBN)

Chris Christie: Trump incited Jan. 6 riot to "intimidate Mike Pence" Kinzinger says RNC deserves backlash for Jan. 6 resolution language Coups 4 Dummies Lawyer John Eastman Can't Stop Won't Stop Writing Wacko Election Memos Roasting Company Owner Who Gave Two Bags of Coffee to FBI Agents Investigating Him Sentenced After Jan. 6 Misdemeanor Plea Her Husband Boasted That She Became 'Speaker of the House' on Jan. 6. Now She’s Been Sentenced to a Year of Probation. National Review Stands with Pence, Not Trump
(DBN)

Lawyer accused in Capitol riot continues to defend clients; state bar takes wait-and-see approach
(DBN)

Trump Ally Barrack Wants to Go Too Public in Court, U.S. Says
(DBN)

Newsmax counter-sues Smartmatic, widening fight over U.S. election fraud claims
(DBN)

Sidney Powell, 'Kraken' Lawyers Ask Appeals Court to Reverse 'Intemperate' Sanctions Order: We're Not 'Overwrought, Dangerous Lunatics'
(DBN)

Rudy Giuliani Voted Off 'The Masked Singer' In Another STOLEN ELECTION!!!
(DBN)

Chicago banker gets year in prison for bribing Trump campaign official
(DBN)

Lawyers for GOP lawmaker accused of lying to FBI plan to argue he was confused because of his age, report says
(DBN)

Second man to plead guilty in alleged plot to kidnap Michigan governor
(DBN)

A man charged with kidnapping Michael Bloomberg's housekeeper from his Colorado ranch was looking for the billionaire's daughters, authorities say
(DBN)

Jury selection underway in hate crimes trial of three men convicted of murdering Ahmaud Arbery Court sees 52 potential jurists in U.S. hate-crime trial of Arbery killers
(DBN)

'Cowardly' Texas Woman Who Begged for Help Finding Husband's Killer Has Now Pleaded Guilty to Orchestrating His Murder
(DBN)

DHS updates terrorism bulletin after synagogue standoff, HBCU threats
(DBN)

Air Force ordered to pay $230 million to Texas church shooting survivors, families of victims
(DBN)

JFK assassin Lee Harvey Oswald ‘worked for CIA’ and lone gunman theory ‘b-------’, claims expert
(DBN)

The rising homicide rate in D.C. is nothing compared with what fentanyl is doing
(DBN)

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Judges:

The same judge who presided over Derek Chauvin's trial signed the no-knock warrant that led to Amir Locke's death: report
(DBN)

Democrats seek to woo winnable GOP senators on Supreme Court
(DBN)

Judge Ketanji Brown Jackson's Daughter Thought Her Mom Should've Been Considered For The Supreme Court Years Ago
(DBN)

Amy Coney Barrett's Long Game
(DBN)

Smithsonian to receive items from Ruth Bader Ginsburg
(DBN)

Big-name lawyer is mindful of appeals court's disdain for acronyms
(DBN)

Town justice should be removed for sexist Facebook posts, NRA fundraising, commission says
(DBN)

Not *Everyone* On The Fifth Circuit Is Anti-Mask
(DBN)

Justices Kavanaugh and Alito Unite Against 'Worn-Out Rhetoric' About 'Shadow Docket' as SCOTUS Allows Alabama GOP Maps That a Court Found Were a Racial Gerrymander for Midterm Elections
(DBN)

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Wall Street:

Stock futures inch higher after S&P, Nasdaq fall to start the week
(DBN)

The party’s over for some AMC and GameStop investors, while luckier meme-stock winners brace for a massive tax bill
(DBN)

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Fraud:

‘THESE cases are GOLD!!!’ Couple bilked insurance companies by billing $65 million in breast enlargements and nose jobs as medically necessary
(DBN)

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Education:

Texas professor dismissed after recommending students mask
(DBN)

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Fraud:

Jury selection underway in ex-Goldman banker's 1MDB corruption trial
(DBN)

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Climate:

World’s biggest companies accused of exaggerating their climate actions
(DBN)

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Food/Beverage:

Inflation is driving every restaurant 'absolutely crazy' and is 'insane,' ex-McDonald's CEO says
(DBN)

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Agribusiness:

U.S. farm income expected to fall as costs for fertilizer, other production expenses climb sharply
(DBN)

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Healthcare:

Santa Cruz County, health officials confident a district will save Watsonville Community Hospital
(DBN)

Vastly unequal US has world’s highest Covid death toll – it’s no coincidence
(DBN)

The great gaslighting: how Covid longhaulers are still fighting for recognition
(DBN)

Texas man pleads guilty to threats sent to Maryland doctor over coronavirus vaccine
(DBN)

New Jersey governor to end school mask mandate
(DBN)

Va. Supreme Court dismisses lawsuit against Youngkin's mask-optional order
(DBN)

Johns Hopkins study reignites COVID lockdown debate
(DBN)

Plateau or decline ahead: Hospitals see a 'new reality' with COVID-19 coming in the future
(DBN)

‘You will not believe what I’ve just found.’ Inside the ivermectin saga: a hacked password, mysterious websites and faulty data
(DBN)

Pharmacies feel stiffed on COVID pill payments
(DBN)

The kids' vaccine dilemma
(DBN)

Fentanyl kills more young Americans than COVID. The underlying causes should worry us all.
(DBN)

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Economy:

U.S. Small Business Optimism Falls to 11-Month Low in January
(DBN)

Why rapid wage growth makes the Fed nervous
(DBN)

Seven hikes? Fast-rising wages could cause the Fed to raise interest rates even higher this year
(DBN)

7 in 10 Americans say they’re living paycheck to paycheck now
(DBN)

U.S. on the road to 1950s-style unemployment, but it may only be a pit stop
(DBN)

Amazon boosts max base pay for corporate workers to $350,000 as labor market heats up
(DBN)

‘This is not 1980’: What investors are watching as next U.S. inflation reading looms
(DBN)

Worst of Food Price Inflation Yet to Come, Tesco Chairman Says
(DBN)

Tyson Foods shares set record as high meat prices fatten profits
(DBN)

Bank of America customers made $335 billion in payments in January
(DBN)

Delaware to end to mask mandates for schools, indoor settings
(DBN)

State with the Lowest Cost of Living
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

There’s Never Been a Worse Time to Buy a Home in a Poll of U.S. Households A record low number of consumers say now is a good time to buy a home
(DBN)

There are hardly any houses left to buy
(DBN)

Why Are Home Prices So Expensive Right Now?
(DBN)

Texas tenants hit with soaring rent increases see little relief in sight
(DBN)

When Private Equity is Your Landlord
(DBN)

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Municipalities:

Fast and Ferocious: Inside the lawyering of Puerto Rico’s historic bankruptcy
(DBN)

Puerto Rico Exits Bankruptcy, Solidifying the Protection of Retirees’ Interests
(DBN)

Puerto Rico to increase teachers' salaries by $1K a month
(DBN)

Detroit retirees want the city to issue them a one-time check using ARPA funds. The city says it can’t.
(DBN)

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Oil/Gas:

North American Oil, Natural Gas Bankruptcies Plunge in 2021 as Industry Bounces Back from Downturn
(DBN)

World's Top Oil Trader Sees Higher Prices
(DBN)

Texas freeze fuels oil surge
(DBN)

Heating Oil And Diesel Stocks Dwindle While Demand Climbs
(DBN)

U.S. weighs Chevron request to take Venezuela oil for debt payments -sources
(DBN)

Nissan to stop most development of new gasoline engines - Nikkei
(DBN)

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Ride Hailing:

Nearly two years into the pandemic, Uber and Lyft still looking for a consistent lane
(DBN)

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Religion:

Archdiocese of Santa Fe, abuse victims clash on sealing of insurance records
(DBN)

Facing shortage, Buffalo Diocese plans for 'families' of parishes to share priests
(DBN)

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Cruise Lines:

Crystal Cruises ships have reportedly been arrested by authorities in the Bahamas over an unpaid fuel bill
(DBN)

Two Crystal Cruises ships seized in Bahamas over unpaid bills
(DBN)

Cruise stock surge toward the top of the S&P 500's gainers list
(DBN)

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Autos:

How John Clay Wolfe Overcame Bankruptcy and Paralysis to Build One of the Largest Car Wholesalers in the Country
(DBN)

Tesla hired more than 28,500 full-time employees in 2021
(DBN)

Europe Car Sales to Lag in First Half of 2022 Due to Chip Crisis
(DBN)


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Debt Collection:

U.S. Senate Democrats press JPMorgan for details on debt collection practices
(DBN)

Why is Chase Suing So Many Card Holders?
(DBN)

____________

Sports:

An Olympic freestyle skier lost his wallet mid-flip, then trudged up the mountain to find it in the snow
(DBN)

____________

Lender Liability:

Lenders Beware: Lender Liability is Real and Can Cost You Dearly
(DBN)

____________

Politics:

Dems abandon Jill Biden’s free community college push
(DBN)

Trump took Kim Jong-un "love letters" to Mar-a-Lago
(DBN)

Trump was confused when White House staffers didn't like him rewinding Capitol riot highlights on TV, report says
(DBN)

WSJ Gives Republicans A Blunt Reality Check Over '3-Time Loser' Trump
(DBN)

Virginia Gov. Glenn Youngkin says he regrets that his campaign attacked a teenager on Twitter
(DBN)

Courts give Democrats unexpected boost on redistricting
(DBN)

U.S. Supreme Court lets Alabama use electoral map faulted for racial bias Supreme Court stops lower court order requiring Alabama to draw a new congressional district favorable to Black residents Federal court names special master, expert to redraw Alabama’s congressional districts
(DBN)

Senators in both parties discuss small rules changes for future
(DBN)

Andrew Cuomo feels 'vindicated,' won't rule out another run for office Andrew Cuomo is Now More Delusional
(DBN)

Indicted Rep. Jeff Fortenberry Wasn't Lying, He Just *Forgot* About Breaking Campaign Finance Law
(DBN)

Two years into pandemic, politicians still getting tripped up over coronavirus restrictions
(DBN)

Hunter Biden's Shenanigans are Real News
(DBN)

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New Bankruptcy Opinions
(6 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 (5 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:

Commercial Chapter 11s Drop 53% in January Y/Y
(DBN)

Corporate Bankruptcies Fall to Lowest Level in 15 Years
(DBN)

January Total Bankruptcy Filings Decrease 19 Percent Compared to Last Year, Commercial Chapter 11s Drop 53 Percent
(DBN)

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Mass Torts:

Bankruptcy watchdog challenges legal shield in Boy Scouts abuse deal
(DBN)

Teva, Texas strike opioid settlement worth $225 million
(DBN)

J&J, plowing ahead with talc bankruptcy strategy, faces investor push to pull product worldwide Will J&J be forced to ban its talc globally?
(DBN)

Profitable Companies Enlist Bankruptcy Courts to Sidestep Cancer Trials
(WSJ)

New bankruptcy paper by Brubaker makes SSRN Top Ten List
(DBN)

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Valuation:

Cramdown Litigation: Considering COVID in Valuing Real Estate in Chapter 11 Cases
(DBN)

____________

Bankruptcy Research:

J. Crew, Nine West, and the Complexities of Financial Distress
(DBN)

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Non-Debtor Release:

Third-Party Releases Under Continued Fire in Ascena Retail Group Ruling
(DBN)

____________

Bankruptcy Crimes:

Illinois Attorney Sentenced to Two Years in Federal Prison for Bankruptcy Fraud
(DBN)

____________

Aviation:

Southwest workforce reduced by 2.5% in 2021, amid declines in flight, management employees
(DBN)

Frontier to buy Spirit Airlines in $2.9 billion budget carrier deal Frontier, Spirit Tap Latham & Watkins, Debevoise in Combination
(DBN)

Frontier Airlines temporarily halts all flights after tech issue
(DBN)

Delta: Time to Ground Unruly Passengers
(DBN)

Australia to reopen to double-vaccinated travelers
(DBN)

The CDC's do-not-travel list now encompasses more than half the world's destinations
(DBN)

Pilots Made to Wear Trackers as Hong Kong Boosts Covid Rules
(DBN)

Russia’s Komiaviatrans rejigs debt, removes bankruptcy risk
(DBN)

____________

UK:

Drugs, cars and... the Insolvency Service
(DBN)

Celebrity-hyped fintech Lanistar says it ‘is not going to fail’ after key partner calls for insolvency hearing
(DBN)

____________

EU:

Debt-to-equity swaps in the context of reorganisation proceedings and the transposition of the EU Directive on preventive restructuring frameworks
(DBN)

ECB’s Kazaks says July rate hike is unlikely
(DBN)

European Gas Rises After Biden Issues Nord Stream 2 Warning
(DBN)

____________

Canada:

Ottawa police threaten to arrest anyone caught bringing fuel to Canadian truckers protesting vaccine mandates Ottawa is canceling police officers' days off as the Freedom Convoy protests continue. Some have worked 2 weeks without a break Multiple people arrested at 'Freedom Convoy' protests in Ottawa Canadian officials caution against 'foreign interference' as U.S. Republicans back 'Freedom Convoy' protests Here's what you need to know about the 'Freedom Convoy' in Canada Canadian police make arrests amid 'Freedom Convoy' protests and seize fuel, vehicles Trudeau Jabs at Tories, Says Ottawa Trucker Protest Must End
(DBN)

Australian lawmakers fear escalation of protests in capital under influence of Canadian trucker demonstrations
(DBN)

Doctors in Canada can now prescribe national park passes to patients
(DBN)

____________

Sweden:

Sweden to Remove Most Covid Aid Programs as Restrictions Lifted
(DBN)

____________

Italy:

Monte dei Paschi names restructuring expert as CEO as loan losses edge up
(DBN)

____________

MENA:

I'm flying missions to save Afghan allies. Why isn't the government helping?
(DBN)

Faced with disappearances, beatings and intimidation, Afghanistan's women's rights activists go quiet on the streets
(DBN)

The Battle for the World’s Most Powerful Cyberweapon
(DBN)

____________

Brazil:

Brazil Prosecutors Ask Watchdog To Block Oi Mobile Sale
(DBN)

____________

China:

China’s Supreme People’s Court Clarifies Procedures for Recognition and Enforcement of Foreign Court Decisions
(DBN)

Easing curbs in 'COVID-zero regions' could cause 2 million deaths in a year - China study
(DBN)

China Eases Property Loan Curbs as Housing Market Slumps
(DBN)

China’s Communist Party Calls for Obedient and Orderly Capital
(DBN)

____________

Russia:

Russian Shoe Retailer Paolo Conte Files for Bankruptcy
(DBN)

Ukraine: clouds on the horizon for Europe's economy Biden vows to stop Nord Stream 2 pipeline to Europe if Russia invades Ukraine German official: "Of course" Nord Stream 2 is an "existential threat" to Ukraine When it comes to Ukraine, what do Russian citizens actually want? Europe ramps up Ukraine crisis diplomacy as U.S. warns pipeline will be scrapped in face of Russian attack
(DBN)

____________

India:

Government Says 43 Corporate Debtors' Cases Resolved Under Bankruptcy Code
(DBN)

____________

Hong Kong:

Irresistible force vs Immovable object: CFI wrestles with the conflict between recognition of PRC insolvency regime and exclusive jurisdiction clauses
(DBN)

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