February 9, 2022

The Daily Bankruptcy News

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Law:

Legal employment has broken pre-pandemic records, revised figures show
(DBN)

UK Biglaw Partners Have Thoughts About The US Biglaw Salary Wars -- None Of Them Good
(DBN)

Top 20 Biglaw Firm Hasn't Announced A Match, But Associates Say They've Received Milbank Raises After Reviews
(DBN)

Paul D. Moak, restructuring attorney and commercial litigator, is Reed Smith’s newest partner in Houston
(DBN)

Which law schools overperformed on the bar exam? Some are unranked by US News
(DBN)

We Told You Being A Supreme Court Clerk Was Good For Your Career
(DBN)

The hate crimes trial of Ahmaud Arbery’s murderers will put racism in the spotlight Jury selection in Arbery killers' federal trial probes beliefs on race, hate crimes - and the murder
(DBN)

Breonna Taylor case resumes with 1st questioning of jurors
(DBN)

Arrest made in case that led to Amir Locke's death Minnesota AG considering criminal charges for officers involved in killing of Amir Locke
(DBN)

Why Didn’t Vanity Fair Break the Jeffrey Epstein Story?
(DBN)

How To Write A LinkedIn Summary That Lands You A Job Interview
(DBN)

Man Who Presided Over Continent-Wide Bribery Scheme Unhappy With Old Firm’s Corporate Governance
(DBN)

McCloskey's Law Licenses on Probation Gun-waving St. Louis couple placed on probation as lawyers Missouri Supreme Court Puts Law Licenses of Gun-Toting Attorney Couple on Probation
(DBN)

Government Reveals Trove of Evidence in First Jan. 6 Trial Prosecutors' witness list offers glimpse into Jan. 6 trial strategy Accused Militia Man's Kids Will Testify Against Their Dad for Debut Jan. 6-Related Trial: Feds FBI Picks Up Jan. 6 Rioter Who Was on Bail Trump Supporter Stormed U.S. Capitol and Assaulted Cops While Out on Bail on Attempted Murder Charge: Feds Kevin McCarthy defends RNC censure of Cheney and Kinzinger, says 'legitimate political discourse' phrase refers to Republicans who 'were in Florida that day' GOP lawmaker accuses Capitol Police of breaking into his office U.S. Capitol Police rejects GOP congressman's claim that check of his open office is illegal investigation McConnell Refutes RNC’s Characterization of the Capitol Riots: ‘It Was a Violent Insurrection’ 'Legitimate political discourse': Three words about Jan. 6 spark rift among Republicans GOP tensions flare over Jan. 6 attack GOP frustration mounts as Trump focuses on Jan. 6 Capitol Police leadership 'betrayed' officers on Jan. 6, union official says FBI: Online sleuths' posts led to 2 arrests in Capitol riot FBI Probes Pre-Capitol Riot Extremist Meeting
(DBN)

Georgia prosecutor says presidential immunity won't protect Trump
(DBN)

Could the 14th Amendment keep Trump out of the Oval Office? Test case happening in NC
(DBN)

Kraken Appeal Of Sanctions Order Flops Into The Sixth Circuit
(DBN)

The GOP’s Jan. 6 committee dilemma: Disband it, or turn it on Dems?
(DBN)

DOJ Seizes $3.6 Billion in Bitcoin Stolen in 2016 Bitfinex Hack US Justice Department makes largest ever financial seizure after recovering $3.6 billion worth of bitcoin tied to 2016 hack of Bitfinex
(DBN)

Biden reinvents migrant detention
(DBN)

Free speech issues rattling corporate America
(DBN)

Former New York Times Editor Whose 'Incitement' Editorial Sparked Sarah Palin's Lawsuit Testifies He Worried About Appearance of 'Partisan Scorekeeping' James Bennet, New York Times, Sarah Palin Spar in Defamation Case Former N.Y. Times editor put on defensive at Sarah Palin defamation trial NYT Editor Takes Blame for Palin Editorial
(DBN)

School Gave Ethan Crumbley's Parents the 'Option' to Leave Him in School Before Massacre; Said Accused Murderer Was 'Not A Threat to Anyone': Defense Parents of alleged school shooter have hearing to decide if they will face trial Parents Need to Be Held Accountable in School Shootings Michigan judge weighs charges for parents who bought high-school shooter his gun
(DBN)

Florida woman arrested after 2 neighbors stabbed with steak knife in feud over leaf blowing, police say
(DBN)

Civil Lawsuit Involving Fatal Shooting on Alec Baldwin Film Set Awkwardly Claims the Armorer Died. She Didn't.
(DBN)

Justice Dept. signals it may allow safe injection sites
(DBN)

80-year-old nun gets year in prison for stealing $835,000 from school to pay for gambling habit: "I have sinned"
(DBN)

Mom Handcuffed, Jailed for Letting 14-Year-Old Babysit Kids During COVID-19
(DBN)

A couple are suing a New York hotel for $5 million after they say 'severe' noise restrictions 'destroyed' their daughter's wedding
(DBN)

The Secret Service says a Home Depot employee admitted to swapping $387,500 in cash with pretend $100 bills marked 'PLAYMONEY' that he bought off Amazon
(DBN)

How Much of Trump's Wall Was Built?
(DBN)

______________

Judges:

BK ED NY: Chief Bankruptcy Judge Alan S. Trust Reappointed Bankruptcy Judge Robert E. Grossman Reappointed
(DBN)

Obit: Thomas Robert Cornish In Remembrance of Thomas Robert Cornish Retired Bankruptcy Judge for the Eastern District of Oklahoma 1944-2022
(DBN)

Who’s Who in the Running for Biden’s Supreme Court Pick
(DBN)

Left splits over Supreme Court pick pushed by top Biden ally
(DBN)

Schumer praises New York judge on Biden's Supreme Court shortlist
(DBN)

Potential Supreme Court nominee faces questions on religious rights case
(DBN)

Supreme Court search highlights calls for educational diversity on the bench
(DBN)

A Bold Idea for Biden’s Supreme Court Nominee
(DBN)

Supreme Court Frontrunner's Former Clerk Takes Devotion To New Heights
(DBN)

Roberts stays out of ‘shadow docket’ fray as he sides with 3 liberal SCOTUS justices on Alabama’s voting map
(DBN)

______________

Wall Street:

Stock futures rise ahead of more big earnings reports
(DBN)

Mounting Risks for S&P 500 Are Under the Surface, BofA Analysts Say
(DBN)

Credit Suisse Cuts Bonus Pool About 10% After Regulator Pushback
(DBN)

Wall Street Opens Its Wallet to Keep Talent. It’s Not Always Enough.
(DBN)

The craziest ways Wall Street is spending this year’s record-setting bonuses
(DBN)

______________

Layoffs:

Peloton fired 2,800 employees and gave them free Peloton memberships Talent-hungry recruiters are already trying to scoop up some of Peloton's 2,800 fired employees, and some people have started spreadsheets to track the losses
(DBN)

______________

Fitness:

Peloton's CEO is stepping down, adding to mounting evidence that the company is looking to sell Peloton names tech exec Barry McCarthy to replace CEO John Foley, unveils plan to cut costs Peloton is scrapping plans to build its own factory Outgoing Peloton CEO John Foley takes the blame for Peloton's crash: 'We own this. I own this.' Peloton founder John Foley’s mea culpa, says recent events are ‘humbling’
(DBN)

____________

Tech:

Neil Young Song Streams Jump 38% After His Spotify Boycott
(DBN)

____________

Coal:

Consol Energy Has Already Sold Almost Half of Next Year’s Coal Output
(DBN)

____________

Climate:

SEC Bogs Down on Climate Rule, Handing White House Fresh Setback
(DBN)

Report: Corporate climate pledges are weaker than they seem
(DBN)

ALEC Driving Laws to Blacklist Those Boycotting Oil
(DBN)

Climate change will be expensive. Who should pay?
(DBN)

The world is on fire and our leaders are failing, poll finds
(DBN)

Even a majority of the U.S. Right is sweating climate change, poll finds
(DBN)

US Army releases first climate strategy with goal to reach net-zero greenhouse gas emissions by 2050
(DBN)

Temperatures in This American County Are Soaring
(DBN)

Scientists Alarmed as Fast Growth in Atmospheric Methane
(DBN)

____________

History:

Uncovering the Underground Railroad to Mexico
(DBN)

____________

Celebs:

Erika Jayne’s Company EJ Global Suspended Amid Bankruptcy Proceedings
(DBN)

____________

Personal Finance:

What remote workers need to know about their 2021 taxes
(DBN)

Money on the table: child credit $ available via tax returns
(DBN)

____________

Healthcare:

COVID February 8, 2022: New Cases and Hospitalizations Declining
(DBN)

Hospitals begin to limp out of the latest COVID-19 surge
(DBN)

Covid deaths highest in a year as omicron targets the unvaccinated and elderly
(DBN)

Johnson & Johnson quietly halted production of its COVID-19 vaccines
(DBN)

Scientists concerned about potential COVID spread from infected deer
(DBN)

Blue states move to drop mask mandates Governors in 4 states plan for end to school mask mandates
(DBN)

Pfizer CEO says chances are high FDA will approve Covid shots for kids under 5
(DBN)

____________


Economy:

Burger Chain CEO Says U.S. Labor Shortage May Be Permanent
(DBN)

‘If you’re a wage earner you’re going to fall behind’: Ex-Fed insider warns of ‘difficult few years’ due to inflation
(DBN)

Americans Ramp Up Credit-Card Spending in Return to Old Habits
(DBN)

Americans Are Frustrated With the Pandemic. These Polls Show How Much.
(DBN)

Axios-Ipsos poll: America learns to live with COVID
(DBN)

BlackRock says markets are expecting too many interest rate hikes, stays bullish on stocks
(DBN)

Billionaire investor and Carlyle co-founder David Rubenstein says the US won't spiral into a recession and inflation will dip to as low as 4% in 2022
(DBN)

The most small businesses since 1974 are raising prices due to inflation, NFIB says
(DBN)

NY Fed Q4 Report: Total Household Debt Increases to $15.6 trillion
(DBN)

Apple Ups Benefits for Retail Workers in Tightening Labor Market Apple to double sick days, boost other benefits for retail workers in U.S.
(DBN)

Trade Deficit Increased to $80.7 Billion in December U.S. Trade Gap Swells to Record in 2021 on Surge in Imports U.S. trade deficit hits $859 billion in 2021 and shatters record
(DBN)

China bought none of the extra $200 billion of US exports in Trump's trade deal
(DBN)

House passes stopgap spending bill to avert government shutdown
(DBN)

Warehouse Industry Is Targeted by Biden’s Wage Enforcers
(DBN)

These are the US cities where it's most expensive to live on your own
(DBN)

Male economists are freaking out over a NYT profile
(DBN)

Economists Are Fueling the War Against Public Health What to know about the study on lockdowns and COVID-19 deaths by economists
(DBN)

Women's labor force participation still lagging
(DBN)

The WHO warns remote work could be bad for you
(DBN)

This mom quit to work on her eBay side hustle—and made $141 million in one year
(DBN)

As Budget Talks Drag On, Biden Is Stuck at Trump-Era Spending Levels
(DBN)

Texas convenience store chain says around 13% of its products are out of stock because of manufacturer shortages
(DBN)

Air Force gives 9 religious exemption for vaccine mandate
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

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

Homebuyer demand for mortgages drops 10%, as higher interest rates price some people out
(DBN)

A controversial home-ownership model is gaining steam again in L.A. — with a twist
(DBN)

1st Look at Local Housing Markets in January
(DBN)

When It Comes To Housing, Big Cats Aren’t A Force Majeure California Town Says Mountain Lions Don’t Stop Housing After All
(DBN)

This American City Is Running Out of Houses For Sale
(DBN)

Leading Index for Commercial Real Estate "Falls in January"
(DBN)

Optimistic Outlook Predicted across All Commercial Real Estate Sectors
(DBN)

____________

Municipalities:

Court strikes down challenge to Puerto Rico electric system privatization
(DBN)

Puerto Rico to move away from bankruptcy following debt adjustment plan approval
(DBN)

Violent crime to labor shortages: Mayors lament Covid's toll on cities
(DBN)

____________

Oil/Gas:

U.S. Raises Forecasts for Record Crude Oil Production in 2023
(DBN)

API data reportedly show declines for weekly U.S. crude, gasoline and distillate supplies
(DBN)

Wave of U.S. LNG Ships Headed to Europe Sends Freight Rates Below Zero
(DBN)

Rising LNG Exports Are Becoming A Problem For Biden
(DBN)

____________

Autos:

Morgan Stanley slashes its rating for GM stock as the automaker faces 'rising execution risk' on EV ambitions
(DBN)

How did Hertz bounce back from bankruptcy?
(DBN)

Toyota U.S. sales chief: Win over GM ‘not sustainable,’ but sees EVs paying off
(DBN)

Canadian Bridge Blockade Stretches Fragile Auto Supply Chain
(DBN)

____________

Fraud:

A Woman Accused Of A $4.5 Billion Cryptocurrency Laundering Scheme Has Moonlighted As A Rapper And Forbes Writer
(DBN)

Bank CEO sentenced for steering $16 million in loans, hoping for Trump administration job
(DBN)

____________

Food/Beverage:

Failed Missouri sucralose project will cough up final bond crumbs
(DBN)

This Collapsing Burger Chain Is Now Being Sued By the Government
(DBN)

____________

Crypto:

This is how the bitcoin bailout could happen
(DBN)

JPMorgan Estimates Bitcoin’s ‘Fair Value’ at $38,000, 12% Below Current Price
(DBN)

____________

Student Debt:

What it would take for the government to cancel federal student loans
(DBN)

416,000 student-loan borrowers landed $1.85 billion in relief. Elizabeth Warren says that's not enough to compensate those impacted by one of the largest loan company's 'abusive practices.'
(DBN)

____________

Sports:

Report: MLB halts steroid testing
(DBN)

The Winter Olympics medal tracker
(DBN)

China filled its Olympic team with naturalized citizens, but fans like them only when they win
(DBN)

Olympic organizers: 32 athletes in isolation for COVID
(DBN)

____________

Radio:

Bankruptcy Judge Orders Return Of FMs to Ed Stolz
(DBN)

____________

Mail:

House Passes Bill to Shore Up Postal Service, Working to Avert Insolvency
(DBN)

____________

Politics:

McConnell Denounces R.N.C. Resolution Censuring Jan. 6 Panel Members Senate GOP backlash smacks RNC after Cheney-Kinzinger censure
(DBN)

‘Malicious poison’: GOP senator slams Biden's antisemitism envoy pick for criticizing his Jan. 6 rhetoric
(DBN)

DeSantis stays mum on Trump v. Pence
(DBN)

How Manchin used politics to protect his family coal company
(DBN)

Trump left the White House in a rush because he was so preoccupied with trying to overturn the 2020 election, report says
(DBN)

Kevin McCarthy comes out against unionization efforts on Capitol Hill, says it wouldn't be 'productive for the government'
(DBN)

The prominent Republicans backing Pence over Trump on the 2020 election
(DBN)

Senators start drawing red lines in Electoral Count Act push
(DBN)

The Supreme Court’s newest attack on voting rights, explained Supreme Court Says Racial Gerrymandering Is No Big Deal
(DBN)

Women, candidates of color lead GOP charge to flip the House
(DBN)

QAnon Followers Encourage Canada-Style Trucker Protests In the U.S.
(DBN)

CBC chair says GOP lawmaker told her 'kiss my a--'
(DBN)

Va. Republicans block gay marriage, voting rights proposals
(DBN)

An Alabama Building Honors a Klan Leader. Officials Are Adding a Black Student’s Name.
(DBN)

Stacey Abrams apologizes for posing maskless with elementary students
(DBN)

Documents detail U.S. military's frustration with White House, diplomats over Afghanistan evacuation
(DBN)

Kansas Senate Is Anti-Vaccine, Pro-Horse Paste
(DBN)

Texas’ population has changed much faster than its political maps
(DBN)

Broken SALT, Child-Credit Pledges Risk Voter Ire for Democrats
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

Bankruptcy Statistics:

Farm Bankruptcies Down Dramatically in 2021 Farm Bankruptcies Plunge by Half on Commodity Boom, Export Surge
(DBN)

Wall Street’s undertakers prepare for a surge in corporate bankruptcies
(Crain's)

______________

Professional Compensation:

Bifurcated Fee Agreements Approved in Southern District of Florida, But Barred in Western District of Kentucky
(DBN)

____________

Concurrent Bankruptcy:

Involuntary + ABC + Voluntary [All For Same Debtor] = Stay & Transfer Orders (In re Aliera)
(DBN)

____________

Cross-Border:

Cross-Border Bankruptcy Cases: Chapter 15 of the Bankruptcy Code and Parameters of a Discovery Tool
(DBN)

____________

Miscellaneous:

Sunny With Clear Skies, But a Chance of Turbulence on the Horizon: Private Credit Restructuring Year in Review
(DBN)

____________

Recharacterization:

Receivables Transactions Revisited: Recent Decisions Split on Sale vs. Loan Characterization
(DBN)

____________

Mass Torts:

Sacklers and States Are ‘Even Closer’ to a Bigger Opioid Settlement Purdue Pharma Bankruptcy Mediator Says Sacklers, US States Closer to Deal Over Opioid Claims Purdue Pharma bankruptcy mediator says Sacklers, US states closer to deal over opioid claims
(DBN)

University of California agrees to $243.6 million settlement in UCLA sex abuse scandal
(DBN)

Senate Panel Scrutinizes Use of Texas Law to Shift Liabilities to Bankruptcy
(WSJ)

Senate Subcommittee on Ch. 11 Abuse: The Honorable Judith K. Fitzgerald Mr. David A. Skeel, Jr. Ms. Kimberly Ann Naranjo Mr. Paul H. Zumbro Mr. Kevin C. Maclay
(DBN)

____________

Trustees:

Position Announcement, Standing Chapter 13 Trustee for the Southern District of Alabama
(DBN)

____________

Aviation:

Suddenly it’s a good time to be a vacation traveler
(DBN)

Hawaii in talks to drop covid travel restrictions by spring
(DBN)

____________

Education:

COVID pushes teachers to pivot careers
(DBN)

A Lawsuit Accuses Harvard of Ignoring Sexual Harassment by a Professor
(DBN)

Mom files complaint with Tenn. school claiming students got lesson on ‘how to torture a Jew’
(DBN)

Judge blocks Virginia governor's mask-optional policy in seven school districts
(DBN)

____________

Religion:

Retired pope asks pardon for abuse, but admits no wrongdoing
(DBN)

____________

Labor:

Biden task force releases report to strengthen labor unions
(DBN)

Starbucks fires Memphis workers involved in unionization efforts.
(DBN)

Three Decades Late, NAFTA’s Promise on Workers’ Rights Comes Good
(DBN)

____________

Tech:

Apple announces a way to buy stuff by tapping iPhones together
(DBN)

____________

UK:

Insolvency Service punishes 32 bankrupt individuals for gambling
(DBN)

Pandemic loan losses from bust businesses ‘set to dwarf fraud bill’
(DBN)

Bust U.K. Energy Suppliers Lost £200 Million of Customer Cash
(DBN)

Struggling to Survive, Boris Johnson Circles the Wagons
(DBN)

U.K.'s 'Partygate' scandal enters blame-the-wife stage
(DBN)

Boris Johnson Refuses to Apologize for Pedophile Jibe as Row Deepens
(DBN)

It will take years to shrink England’s swollen backlog of nonemergency medical care, an official warns.
(DBN)

____________

EU:

Soaring Credit Risk May Be Canary in Coal Mine for European Assets
(DBN)

EU Touts Unity on Any Russia Sanctions But Won’t Show Its Hand
(DBN)

ECB Has Banks Bracing for Capital Hit as Climate Risk Is Tested
(DBN)

Bond Rout Wipes Out Europe Government Investors’ Pandemic Return
(DBN)

Europe Needs 65 Million Electric Vehicle Chargers by 2035
(DBN)

____________

Canada:

WeirFoulds managing partner on legal trends lawyers should expect in 2022, more bankruptcy and insolvency work
(DBN)

Ottawa officials say towing companies are refusing to move the Canadian truckers protesting vaccine mandates in the city's streets Nearly 2 weeks of protests over COVID-19 mandates has jammed Canada's capital and drawn thousands into the streets. Here's what's going on Twitter Bans Freedom Convoy Account From Platform Canada province lifts all Covid restrictions amid protests 'Freedom Convoy' protests disrupt another U.S.-Canada border crossing as more arrests are made Entire World Watches Siege of Ottawa Canada’s Trucker Protest Blocking U.S. Border Has Few Semis as Others Join In
(DBN)

Auto Plants Risk ‘Screeching Halt’ on Protests, Martinrea Says
(DBN)

How Blocking One Bridge Shut Down a Quarter of U.S.-Canada Trade
(DBN)

Poll: 1 in 5 Canadian Conservatives not concerned ‘at all’ about climate change
(DBN)

____________

India:

Over 16,000 committed suicide due to bankruptcy, 9,140 due to unemployment in 3 years: Govt
(DBN)

____________

Russia:

Over the year, the number of cases of bankruptcy of citizens in Russia has almost doubled
(DBN)

Congress Is ‘Running Out of Runway’ to Devise Any Russia Sanctions Ukraine Calls Bank Subpoenas by Russia’s Tatneft Dangerous ‘Pretext’ Biden: "Germany is completely, totally, thoroughly reliable" How will the US respond if Russia invades Ukraine? Macron: Putin told him Russia won’t escalate Ukraine crisis Macron and Kremlin spar over outcome of meeting on Ukraine Western Officials Warn Russia’s Troops in Belarus Could Be Permanent Ukraine under pressure to bow to Russian demands after meeting with Emmanuel Macron Putin Has a Big Piece of Leverage Over Europe. Here’s How to Take It Away Poland braces for ‘up to a million people’ fleeing war in Ukraine What is Nord Stream 2 and can Biden kill it? Russia sends warships toward Black Sea as Europe ramps up Ukraine crisis diplomacy Spy world wary as Biden team keeps leaking Russia intel Putin May Want to Defuse Ukraine Crisis
(DBN)

____________

Greece:

Greece Urged to Maintain Reforms to Regain Investment Status
(DBN)

____________

Chile:

Chilean Prices Soar as Rate Hikes Fail to Tame Inflation
(DBN)

____________

South Africa:

South Africa Raises Minimum Hourly Wage by 6.9% to $1.50
(DBN)

____________

China:

China locks down southern city as omicron variant surges
(DBN)

Chinese City Turns Traffic Lights Red to Enforce Stay-at-Home Covid Order
(DBN)

____________

Denmark:

Denmark, Overflowing With Virus Cases, Embraces a ‘Bring It On’ Attitude
(DBN)

____________

Australia:

Australian lawmakers fear escalation of Canberra protests influenced by Canadian truckers
(DBN)

____________

Hong Kong:

More Hong Kongers Ignoring Covid Pleas to Stay Home, Data Show
(DBN)

Only One in 10 Hong Kong Parents Willing to Vaccinate Children
(DBN)

Hong Kong Set to Report More Than 1,100 New Coronavirus Cases
(DBN)

____________

Mexico:

Credito Real’s Swiss Bond Comes Due as Traders Brace for Default
(DBN)

____________


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