January 11, 2022

The Daily Bankruptcy News

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Law:

Tom Girardi on Brink of Disbarment After Judge’s Recommendation
(DBN)

The Hottest Biglaw Practice Areas For Lateral Moves And More
(DBN)

Will Biglaw Ever Return To Normal? Ehh, Nope, Probably Not.
(DBN)

Law prof’s remarks about ‘Asian elite’ put her back at center of controversy
(DBN)

Halfway Through The Fall 2022 Law School Admissions Season: Applicants Are Down 5.4% And In All LSAT Bands (Especially 170-180 (-14.8%) And 160-169 (-9.2%))
(DBN)

If You Can't Publish Racist Law Review Articles, What's Even The Point Of Law School?
(DBN)

Wax On, Wax Off
(DBN)

Jed Rubenfeld Attacks Vaccine Mandates Because When You're Already Disgraced There's Nowhere To Go But Down
(DBN)

Gen Z Thinks Hellen Keller Is A Fraud. Maybe This Harvard Law School Graduate Will Change Their Minds
(DBN)

Lawyer accused of sending harassing emails to BigLaw opponents had previously filed abortion lawsuit
(DBN)

From Juris Doctor To 'Joe Millionaire' Contestant
(DBN)

Attorney 'Act' Law
(DBN)

Ex-film industry lawyer gets prison time for blackmailing woman he met on ‘sugar daddies’ website
(DBN)

Trump may have committed a crime if he knew what would happen in the Capitol riot, Jan. 6 committee member says • Jan. 6 panel ramps up investigation into Trump's state-level pressure • The First Amendment may not help Jan. 6 defendants as much as they think it will • Woman sentenced after tearful apology for role in Jan. 6 riot • No Jail Time for Retired Kansas Woman, 56, Who Joined Jan. 6 Crowd Inside Capitol • Missouri Woman Accused in Fatal Drunk Driving Collision Pleads Guilty to Jan. 6 Misdemeanor • Jan. 6 panel fires back at Jordan over refusal to cooperate • Was January 6 an Inside Job? • The Hypocrisy Of January 6 • Jan. 6 Panel Has Found Powerful Evidence
(DBN)

Trump asks judge to throw out suits by lawmakers, police over U.S. Capitol riot
(DBN)

'Let's stick with the facts': A federal judge rebuked Trump's lawyer's claim that he urged his supporters to be peaceful on January 6
(DBN)

Judge mulls whether Trump’s silence on Jan. 6 could amount to ‘agreement’ with rioters
(DBN)

Judge questions Trump's claim of 'absolute immunity' in Jan. 6 lawsuits • Trump's Lawyer in Jan. 6 Cases Tells Judge He Can't Think of Example of Where President Wouldn't Be Immune for Speech
(DBN)

Supreme Court turns away Carter Page defamation suit against DNC
(DBN)

Steve Bannon Sought Bizarre Loan as His Jan. 6 Woes Spiraled
(DBN)

Alan Dershowitz denies report that he lobbied Trump to preemptively pardon Ghislaine Maxwell
(DBN)

Next Target for Epstein Prosecutors Could Be His Assistant Sarah Kellen
(DBN)

Texas' new attempt to circumvent the Constitution resurrects an old tactic
(DBN)

New York City man charged with threatening to kill Donald Trump
(DBN)

A Man Caught Fire After Being Tased. Cops Ran Out of the Room, Video Shows.
(DBN)

'One of the Worst Cases I’ve Seen': Prosecutors Say Chicago-area Mom and Siblings Killed 6-Year-Old Boy on His Birthday Before Concocting 'Completely False' Story
(DBN)

New Mexico Mom Allegedly Caught on Video Throwing Her Newborn Baby in Dumpster
(DBN)

Mom Admits to Shooting 4-Year-Old Daughter After Story About Robbery Unravels: Police
(DBN)

Texas mom charged with child endangerment after police say she drove to coronavirus test site with sick son in the trunk
(DBN)

Families separated at border now fear extortion attempts
(DBN)

______________

Judges:

BK ED NC: Appointment of Bankruptcy Judge, Pamela W. McAfee,
(DBN)

If the Supreme Court lets other states copy Texas's abortion law, it'll be chaos
(DBN)

Supreme Court issues revised transcript of Gorsuch remark about flu deaths
(DBN)

Staffer did not impersonate judge in online hearing, court employees say
(DBN)

Federal judge says it’s ‘almost insane’ to assert wife’s stock holdings affected his decisions
(DBN)

______________

Wall Street:

 

Nasdaq rallies on Monday afternoon to snap losing streak, erasing loss of more than 2%
(DBN)

______________

Layoffs:

South Bay hotel solves staffing shortages with robot room service
(DBN)

______________

Cruise Lines:

Some cruise passengers and staff infected with COVID-19 say they were served rotten food and left without water for hours: report
(DBN)

____________

Pensions:

Bailout for pension fund of Local 138 averts looming insolvency
(DBN)

____________

Tech:

App Attempts to Break Barriers to Bankruptcy for Those in Medical Debt
(DBN)

____________

Religion:

Priest accused of child sex abuse allegedly tricked widow into handing over control of her $2 million estate
(DBN)

____________

History:

More than 1,700 congressmen once enslaved Black people. This is who they were, and how they shaped the nation.
(DBN)

____________

Theatre:

Broadway Extends Mask, Vaccination Policy in NYC to April 30
(DBN)

____________

Maritime:

Germany accuses Malaysian owner of shipyard bankruptcy • MV Werften files for insolvency • Genting Hong Kong faces demand on US$2.78 billion of debt as the bankruptcy of its MV Werften shipyard in Germany triggers cross default • Genting Hong Kong says German shipbuilder insolvency to spark defaults • Genting’s German Shipyards File for Bankruptcy • Genting Hong Kong faces demand on US$2.78 billion of debt as the bankruptcy of its MV Werften shipyard in Germany triggers cross default • Creditors Will Decide Future Of Crystal Cruises Owner Genting
(DBN)

Ezra Holdings to be wound up
(DBN)

____________

Awards:

American College of Bankruptcy Announces 2021 Pro Bono Grantees
(DBN)

Bankruptcy & Corporate Restructuring Chair Joseph Schwartz Elected President of NJ TMA
(DBN)

____________

Crypto:

Bitcoin dips below $40,000 as crypto slump deepens in the wake of risk-off shift spurred by hawkish Fed
(DBN)

____________

Tax:

The I.R.S. is warning of a messy tax season.
(DBN)

____________

Healthcare:

WHO envoy says the pandemic's end is 'in sight,' but things will be 'difficult' until at least the spring
(DBN)

The world reported more than 9.5 million cases last week, which is a 71% increase compared to the previous week • Record 1.35M new COVID-19 cases recorded in US • U.S. poised to break record 142,000 covid-19 hospitalizations
(DBN)

Northam declares limited state of emergency aimed at helping hospitals in crisis
(DBN)

Biden, health officials to lay out path out of Omicron winter
(DBN)

51 Dems push Biden for more rapid tests as Omicron takes hold
(DBN)

Psaki and Fox News reporter spar over Biden's 'pandemic of the unvaccinated' comments: 'You're 17x more likely to go to the hospital if you're not vaccinated, 20x more likely to die'
(DBN)

New COVID-19 cases and hospitalizations are rising as the omicron surge continues
(DBN)

Omicron testing shortages and delays are making results useless—and deepening COVID inequality
(DBN)

New York Sees Signs of Omicron Peak While ICUs Remain Pressured
(DBN)

The doctor who sees you now may have Covid
(DBN)

Starting later this week, some at-risk Americans become eligible for a 4th shot.
(DBN)

Pfizer CEO unsure on need for fourth dose of COVID-19 vaccine
(DBN)

Why More Americans Are Saying They’re ‘Vaxxed and Done’
(DBN)

CDC weighs recommending better masks against omicron variant
(DBN)

Omicron vaccine ‘may not matter—everybody’s going to be infected,’ says expert
(DBN)

Barclays Wins $131 Million Legal Spat With NMC Founder
(DBN)

California’s Newsom wants health coverage for all immigrants
(DBN)

First Human Gets a Pig Heart in Transplant
(DBN)

____________


Economy:

U.S. wholesale inventories revised higher in November
(DBN)

A White House economist says it's a 'Great Upgrade,' not a Great Resignation, as workers quit for higher pay
(DBN)

People are running out of money
(DBN)

Jamie Dimon sees the best economic growth in decades, more than 4 Fed rate hikes this year
(DBN)

Fed’s Powell pumped trillions into the economy. Now, he may be the party killer.
(DBN)

Federal Reserve’s Powell: High inflation ‘exacts a toll’
(DBN)

The Clashing Forces That Will Drive U.S. Inflation in 2022
(DBN)

U.S. Senator Warren calls on Fed to release more ethics scandal information • Fed Vice Chair Clarida to step down early following scrutiny over his trades during pandemic • Top Federal Reserve official resigns after trades revealed
(DBN)

Powell Faces Vetting on Fed’s Tightening Plans, Climate Change
(DBN)

Dimon Sees Soft Landing for Inflation From Fed ‘If We’re Lucky’
(DBN)

U.S. Beef Prices Rise as Covid Sickens Slaughterhouse Workers Again
(DBN)

We Are Sleepwalking Toward a Retirement Crisis
(DBN)

Main Street without workers
(DBN)

Nearly a quarter of workers plan to quit in 2022, report shows
(DBN)

U.S. consumers' inflation expectations unchanged in December, survey shows
(DBN)

Traders Follow Goldman Call as Cash Piles Into March Rate Hike
(DBN)

White House allies split over inflation plan as Biden trains attacks on corporate greed
(DBN)

Almost every Federal Reserve meeting in 2022 could be potentially `at play’ for a potential rate hike, Deutsche Bank says
(DBN)

Billionaire 'Bond King' Jeff Gundlach rings the recession alarm, says bitcoin is hugely overvalued, and warns against investing in China
(DBN)

NY Fed's Logan says redemption caps can ensure smooth balance sheet reduction
(DBN)

NYC Mayor Eric Adams doubles down on keeping K-12 schools, preschools, and daycares open, says parents 'need to work'
(DBN)

When the pandemic began, some reconsidered getting pregnant. The result: 60,000 missing births
(DBN)

U.S. Prime-Age Women’s Labor Participation Is Making Greater Progress
(DBN)

A petition for monthly $2,000 stimulus checks hit 3 million signatures while the odds of additional direct payments are slimmer than ever
(DBN)

Omicron is surging — and Democrats aren’t shutting things down this time
(DBN)

China's COVID-19 flare-ups and lockdowns are disrupting port and chip-factory operations, hitting the supply chain — again
(DBN)

Remote work is becoming permanent — for a sliver of the workforce
(DBN)

Wary Global Bond Markets Brace for the Supply Floodgates to Open
(DBN)

Four reasons you're seeing empty grocery store shelves
(DBN)

WEF report warns of Covid inequalities fueling social tensions across the globe • WEF Sees Climate, Inequality as 2022’s Top Global Risks
(DBN)

Fed: Racial inequality remains after MLK
(DBN)

Biden coronavirus vaccine-or-test mandate goes into effect
(DBN)

Here's another thing the pandemic has screwed up: economic forecasts
(DBN)

NYC employers could soon have to list salary ranges on job postings. It would help close the wage gap, experts say.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Experts predict what the 2022 housing market will bring
(DBN)

NYC Tenants Complained of Lack of Heat Ahead of Deadly Fire
(DBN)

Supply-Chain Issues Leave New Homes Without Garage Doors and Gutters
(WSJ)

____________

Municipalities:

Puerto Rico Bankruptcy Judge Set to Approve Modified Debt Plan
(DBN)

California Governor Newsom Proposes Record $213 Billion Budget
(DBN)

____________

Oil/Gas:

U.S. Supreme Court Leaves in Place Limits on Higher-Ethanol Fuel Blend
(DBN)

Limetree Bay: Messy Auction Process Generates Increased Recoveries
(DBN)

Walmart Orders 5,000 GM Electric Trucks
(DBN)

States carve out billions in budgets for electric vehicle surge
(DBN)

____________

Sports:

Djokovic back into swing in Australia despite visa concerns
(DBN)

____________

Retailing:

How Macy’s set out to conquer the department store business — and lost
(DBN)

____________

Gambling:

Appellate panel upholds bankruptcy court ruling in favor of Susan Bala
(DBN)

____________

Climate:

Heat, Fire, Storms Caused $145 Billion in Damages Across U.S.
(DBN)

Challenge to EPA’s Climate Authority Heads to Supreme Court
(DBN)

2021 Ended as Fifth-Hottest Year With Push From Spiking Methane
(DBN)

How Many Natural Disasters Hit The US In 2021? Turns Out It Was The Second Most On Record
(DBN)

Weather disaster deaths hit 10-year high in mainland US
(DBN)

Greenhouse gas emissions jumped in 2021, despite Biden’s climate pledges
(DBN)

The Federal Government Is Still Undercounting Extreme Weather And Climate Deaths
(DBN)

Ocean warmth sets record high in 2021 due to greenhouse gas emissions
(DBN)

____________

Fraud:

What It Was Like on the Elizabeth Holmes Jury for 18 Weeks
(DBN)

Why Women Feel Relief That Elizabeth Holmes Got Convicted
(DBN)

____________

Politics:

Trump says GOP Sen. Mike Rounds 'went woke' and 'will never receive my Endorsement again' after he called the 2020 presidential election 'as fair as we've seen' • Trump calls GOP senator a 'jerk' after he rejects former president's false claims of widespread election fraud • Romney defends Rounds following Trump rebuke
(DBN)

Rep. Mo Brooks feared Antifa was going to kill him while he worked to overturn the election, according to new report
(DBN)

Steve Bannon Is On to Something
(DBN)

Biden to back filibuster changes to push voting rights bill
(DBN)

McConnell blocks simple majority votes on Dems' voting rights bills
(DBN)

Republicans threaten floor takeover if Democrats weaken filibuster
(DBN)

The fate of the filibuster: Your guide to the changes Dems really want
(DBN)

The Senate battle over whether election laws signify a new 'Jim Crow'
(DBN)

Dems' filibuster conundrum: It's not just Manchin and Sinema
(DBN)

Democrats face moment of truth in filibuster fight
(DBN)

Alex Jones Raked in $165 Million Over Three Years Selling Supplements and Prepper Gear
(DBN)

Wisconsin judge lets GOP-led election review continue
(DBN)

McCarthy says he'll strip Dems of committee slots if GOP wins House
(DBN)

McConnell's office knocks Democrats over 'the left's Big Lie'
(DBN)

GOP Sues NYC Over Law Letting Non-Citizens Vote in Local Races
(DBN)

Rep. Perlmutter says he won't seek reelection in November, 26th retiring Dem
(DBN)

Democratic retirements spark worry over holding House majority
(DBN)

Johnson, Thune signal GOP's rising confidence
(DBN)

Congress restores strict health protocols during omicron-fueled surge
(DBN)

____________

 
New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 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)

Bankruptcy Jobs:

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

______________

Bankruptcy Statistics:

Colorado bankruptcies decline 24% in 2021
(DBN)

______________

Sales:

Is Section 363(m) of the Bankruptcy Code Jurisdictional?
(DBN)

____________

Bankruptcy Fees:

Supreme Court to determine constitutionality of bankruptcy fee increase • Supreme Court to Decide If Bankruptcy Fee Hike Constitutional
(DBN)

____________

Mass Torts:

Rite Aid’s Insurer Chubb Is Off the Hook for Opioid-Suit Cost, Court Says
(DBN)

Sackler Immunity: Problems Surrounding Nondebtor Releases in Chapter 11 Bankruptcy
(DBN)

USA Gymnastics mediator enters archdiocese abuse case
(DBN)

____________

SCOTUS:

Justices add new case on bankruptcy
(DBN)

____________

Executory Contracts:

Bankruptcy Court Holds Arbitration Clause Unenforceable When Underlying Contract Is Rejected Pursuant to Section 365 of the Bankruptcy Code
(DBN)

____________

Make-Whole:

Takeaways from the Recent Hertz Decision on Make-Whole and Post-Petition Interest
(DBN)

____________

UCC:

Retention of Title Disputes: Don’t Take the Uniform Commercial Code for Granted
(DBN)

____________

Attorney's Fees:

The Case for Bankruptcy Court Discretion to Shift Attorney’s Fees
(DBN)

____________

D&O:

Rare D&O Insurer Win in Delaware Court, But Should D&O Insurers Celebrate?
(DBN)

____________

Bankruptcy Strategy:

Pandemic Bankruptcies: How Firms Can Emerge Stronger
(DBN)

____________

Aviation:

Flyers Are Primed for Long Trips With U.K. Easing Testing Rules
(DBN)

Air France-KLM Raises Fares to Fund Shift to Sustainable Fuels
(DBN)

Indonesia tycoon to top up Garuda's capital after restructuring • Garuda Indonesia seeks sukuk delay, creditors demand $13.8bn
(DBN)

AirAsia CEO says international travel will bounce back strongly despite omicron impact
(DBN)

____________

Food/Beverage:

Famous Anthony’s owners filing for bankruptcy in wake of hepatitis A outbreak
(DBN)

Sensing a longer-term labor problem, Checkers turns to technology
(DBN)

____________

Education:

A top health expert says schools are safe and remote learning has been a 'disaster for America's kids'
(DBN)

Chicago cancels Monday classes as the fight between the mayor and teachers' union over COVID-19 measures enters a 2nd week • Chicago schools to resume in-person classes after teachers union and city reach deal
(DBN)

Psaki: White House wants to see Chicago Public Schools open
(DBN)

Chicago Mayor Lori Lightfoot says teachers need to 'get real' and 'serious' about reopening schools, calls closures 'illegal walkout'
(DBN)

Record Wave of U.S. Omicron School Closures Is Set to Abate
(DBN)

Tiny Masks Are Scarce as Unboosted Kids Return to Classrooms
(DBN)

Teachers Should ‘Be Impartial’ About Nazism and Fascism, Republican Says • An Indiana GOP state senator backtracks on comments that teachers 'need to be impartial' during lessons about Nazism and fascism
(DBN)

Yale, MIT Sued for Colluding to Hold Down Financial Aid Packages
(DBN)

____________

Sovereigns:

Sri Lanka’s Unprecedented Economic Crisis — What We Know So Far
(DBN)

____________

UK:

KPMG Says It Misled U.K. Audit Watchdog Over Carillion Work
(DBN)

Failure to file a HC1 form (even if inadvertent) could result in an administrator facing criminal prosecution
(DBN)

U.K. Weighs Cutting Covid-19 Isolation Period to Five Days
(DBN)

UK’s Johnson faces lockdown-breach claims over garden party • 'Bring your own booze!' Another party at 10 Downing Street during UK lockdown revealed.
(DBN)

Britain Puts Onus on Developers to Pay to Fix Fire Safety Issues
(DBN)

Leaked email shows Downing Street staff were invited to drinks party during COVID lockdown
(DBN)

IKEA is slashing sick pay for unvaccinated UK workers
(DBN)

Worried About the Heating Bill? U.K. Supplier Recommends Hula Hoops
(DBN)

Cladding crisis: Fighting bankruptcy 'every single day on credit cards'
(DBN)

Creditors face huge losses from NMCN administration
(DBN)

____________

Canada:

CDC advises against traveling to Canada, citing coronavirus levels
(DBN)

____________

Ireland:

Creditors get little joy from US bankruptcy trustee’s €7m quest for assets of Seán Dunne
(DBN)

____________

China:

The New Cross-Border Arrangement Between Hong Kong and Mainland China on Insolvency and Restructuring Matters—A Comparison with Chapter 15 of the U.S. Bankruptcy Code
(DBN)

China's Evergrande scrambles to avoid new default, Shimao hoists 'for sale' sign
(DBN)

Developer Shimao's fire sale, new rating cuts keep China property on edge
(DBN)

China Evergrande extends bondholders meeting voting date to Jan 13
(DBN)

China's R&F falls short of payment to creditors after avoiding $725-million default
(DBN)

China Evergrande moves from Shenzhen HQ building to cut costs
(DBN)

Threat of omicron keeps China walled off, as scientists search for more-effective vaccines
(DBN)

China locks down 3rd city, raising affected to 20 million • 20 million in China now under lockdowns ahead of Olympics
(DBN)

____________

India:

Litigation finance start-up LegalPay partners with NBFC for insolvency finance
(DBN)

____________

Australia:

Novak Djokovic is free for now. But Australians have soured on rulebreakers.
(DBN)

____________

Sweden:

Sweden Orders Restaurants to Close Early on Infections
(DBN)

____________

Germany:

The German economy is in free fall, with one out of every seven businesses in danger of going bankrupt due to rising inflation.
(DBN)

____________

France:

COVID pass protesters assault French MP with seaweed and pebbles
(DBN)

____________

Italy:

Draghi Says Keeping Schools Open Is Italy’s Pandemic Priority
(DBN)

____________

MENA:

US announces $308 million in aid for Afghans as crisis grows
(DBN)

____________


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