January 12, 2022

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law firms came ‘dangerously close’ to losing almost a quarter of their associates in 2021, new report says
(DBN)

King & Spalding Follows Wall Street to Open Miami Office
(DBN)

U.S. News Best Job Rankings: Being A Lawyer Is Now A T14 Career
(DBN)

Predictions: Biglaw In 2022?
(DBN)

Is There An End In Sight For The Booming Legal Market?
(DBN)

Thompson Coburn names new bankruptcy partners
(DBN)

Jones Day Names Two New Restructuring Partners
(DBN)

Norton Rose Promotes New Bankruptcy Partner
(DBN)

Hughes Hubbard Promotes New Bankruptcy Partner
(DBN)

Amid COVID-19 concerns, NCBE sticks with in-person February bar exam
(DBN)

Omicron Variant Presses States to Consider Bar Exam Delays
(DBN)

The Best Law Schools For Practical Training
(DBN)

In Defense Of The Emory Law Journal
(DBN)

University Upholds Jewish Law Prof's Right To Have Federal Judge Guest Lecture In His Class During High Holy Days
(DBN)

Salty Law School Dean Surprised Religious Discrimination Not Given The Ok
(DBN)

Judge demands details on lawyers' bid to quit billionaire's legal fee fight
(DBN)

Woman seen with broken sign from Pelosi office pleads guilty in Jan. 6 riot Congressional Staff Pressed Justice Department Officials For Safety Plans Before The Capitol Riot Look who’s not talking: Key figures who aren’t cooperating with Jan. 6 investigators Biden calls Jan. 6 riot an attempted 'coup' Jan. 6 panel subpoenas Trump allies who helped with rally Kerik to sit for 'voluntary interview' with Jan. 6 panel, attorney says Jan. 6 Committee Subpoenas Man Who Wrote Donald Trump's Speech at the Ellipse Delaware Man Previously Known to FBI After 'War Crimes in Bosnia' TikTok Post Charged with Jan. 6 Crimes No Jail Time for Leopard Print-Clad Man Who Scaled Capitol Wall on Jan. 6. His Mom Blamed Rush Limbaugh and Alex Jones for Fueling His 'Anger Issues.' Mother-Daughter Pair Plead Guilty to Climbing Bike Rack to Breach the Capitol on Jan. 6 House panel dismisses ‘unsupported’ claims about FBI role in Jan. 6 Capitol riot
(DBN)

Justice Dept. forms domestic terrorism unit to address growing threat Justice Department Creates New Domestic Terrorism Unit Following Anniversary Of Jan. 6 Insurrection
(DBN)

Assistant District Attorney Goes On Anti-Vax/Mask Screed... No Longer Assistant District Attorney
(DBN)

Civil Suits Against Trump Seek Damages for Jan. 6 Attack
(DBN)

'She Was Held as an Outsider': Mary Trump's Lawyers Tell Judge Ex-President and His Sister Covered Up 'Fraud'
(DBN)

Trump Lawyer Files Bat--- Motion Asking Federal Judge To Restrain NY Prosecutors As Eric Trump Whines On TV
(DBN)

Trump Lawyers Turn Jan. 6 Motions Hearing Into Yet Another Sh*tshow
(DBN)

Capitol security officials developing program to identify 'insider threats' from police
(DBN)

Legal expert explains how judge provided ‘roadmap’ for prosecuting Trump for Jan. 6
(DBN)

Trump asks federal judge to halt civil investigation into his business practices by NY attorney general
(DBN)

Oklahoma death row inmates offer firing squad as alternative
(DBN)

Smart guns that require fingerprint identification coming to the US firearms market
(DBN)

Police, law enforcement line of duty deaths in 2021 jumped 55% from year before, main cause: Covid
(DBN)

Officers Who Ignored Robbery to Play Pokémon Go Lose Appeal Court Upholds Firing of Two LAPD Officers Who Ignored Robbery Call to Play Pokémon Go: 'Screw It . . . Snorlax Just Popped Up!'
(DBN)

'A 20-Month-Old Was Tortured for Being A Toddler': Florida Man Sentenced for Horrific Six-Week Torture of Baby Son
(DBN)

Two Florida Women Are in More Trouble Than You Might Think After Allegedly Throwing Glitter at a Man Inside His Apartment
(DBN)

Supreme Court wrestles with indefinite detention for immigrants awaiting deportation
(DBN)

School Officials 'Accelerated' Ethan Crumbley's 'Murderous Rampage,' Failed to Take Action After He Brought 'Live Ammunition' to Class: Lawsuit
(DBN)

Florida Lawmakers Introduce Bill to Ban Abortion After 15 Weeks
(DBN)

The Untold Dallas Origins of Roe v. Wade
(DBN)

Dentist Kills Wife on Safari
(DBN)

______________

Judges:

BK DE Says Mask Up
(DBN)

Military Brass, Judges Among Professions at New Image Lows
(DBN)

Supreme Court Justice Gorsuch again does not wear mask on bench at hearing
(DBN)

Did Gorsuch misstate the number of flu deaths? The transcript—not the justice—was wrong Neil Gorsuch Cited Fake Flu Stats And Then Scrubbed The Transcript Like A Coward
(DBN)

Sotomayor FactCheck: “We have over 100,000 children, which we’ve never had before, in serious condition, and many on ventilators” due to the coronavirus.
(DBN)

'Aerosol Argument Session': Sotomayor, Breyer Noticeably Hear Case from Chambers Instead of Sitting Near Unmasked Gorsuch
(DBN)

Is it time to rein in premature Supreme Court review?
(DBN)

The First Supreme Court Justice
(DBN)

______________

Wall Street:

Stock futures are little changed after S&P 500 snaps a 5-day slide
(DBN)

Dow rises 180 points, Nasdaq rallies for second day as tech shares rebound
(DBN)

______________

Healthcare:

U.S. breaks record with more than 145,000 covid-19 hospitalizations U.S. sets fresh records for Covid hospitalizations and cases with 1.5 million new infections U.S. hospitalizations surpass last winter’s peak.
(DBN)

Other countries struck by Omicron kept their death tolls low. The US is looking different.
(DBN)

WHO says omicron is life threatening for unvaccinated, elderly and people with underlying conditions
(DBN)

Murphy Reinstates New Jersey Public Health Emergency on Covid Surge
(DBN)

COVID-19 hospitalizations in NJ highest since start of pandemic
(DBN)

As an E.R. Doctor, I Fear Health Care Collapse More Than Omicron
(DBN)

NYC Covid Rates Are ‘Plateauing,’ N.Y. Governor Hochul Says
(DBN)

New study says air knocks down COVID-19 infection rate by 90 percent
(DBN)

Acting FDA head: Most people are going to get COVID-19
(DBN)

World can’t boost its way out of the pandemic using existing vaccines, WHO experts say
(DBN)

Red Cross declares first national blood crisis in US
(DBN)

Fox News guest tells audience to treat COVID-19 with drugs used for transgender health care
(DBN)

How the changing workplace could reshape American health care
(DBN)

Which mask? What test? Covid's latest surge spreads an epidemic of confusion.
(DBN)

CDC may recommend better masks against Omicron Why we need to wear better masks
(DBN)

Biden’s Covid Response Comes Under Fire in Senate Panel Hearing
(DBN)

Everything you need to know about the new, free at-home Covid tests
(DBN)

FDA extends shelf life for millions of expired coronavirus test kits in Florida
(DBN)

Covid Cases Jump 340% Among ICE Detainees in One Week
(DBN)

California wants to give $20 million in student-loan repayments and scholarships to health care workers who commit to providing abortion access
(DBN)

JP Morgan CEO Jamie Dimon suggests New York staff could lose their jobs if they're not vaccinated
(DBN)

Conservative Activist Dies of COVID Complications After Attending Anti-Vax ‘Symposium’
(DBN)

____________

Economy:

Amid rising prices, American families fall deeper in debt
(DBN)

More than 300,000 women joined the labor force in December, despite omicron wave
(DBN)

Missing Workers by Age Group
(DBN)

Americans quitting jobs sign of a 'Great Upgrade': Biden economic official
(DBN)

‘Great Retirement’ in U.S. Is Driven by Older Female Baby Boomers
(DBN)

36 million families face January without a Child Tax Credit check: "There will be times I won't eat"
(DBN)

The lesson America refuses to learn about Covid-19 and the economy
(DBN)

Fed's Powell vows to stop inflation from becoming 'entrenched' Fed chair faces questions at confirmation hearing over rising inflation and how to respond Fed's Powell: Inflation poses a major threat to job market Powell says high inflation is a 'severe threat' to achieving maximum employment Powell paints the picture of a soft landing, says Fed can cool inflation without damaging labor market Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation
(DBN)

A people's Fed? It's starting to at least look that way
(DBN)

Brown Sees Easy Powell Confirmation With ‘Small Handful’ of Noes
(DBN)

Fed's Mester would back March rate hike to fight inflation
(DBN)

Fed Should Run Down Balance Sheet 'Earlier Rather Than Later' - George
(DBN)

Fed's Bostic says three hikes, fast balance sheet runoff needed for inflation fight
(DBN)

Four Fed Rate Hikes Are Priced In, and Jamie Dimon Wants More
(DBN)

Paul Tudor Jones Says Powell Has a Lot of Catching Up to Do
(DBN)

U.S. small business sentiment rises modestly in December - NFIB
(DBN)

Gloomy outlook for global recovery, World Economic Forum survey finds
(DBN)

Inflation Hits Highest Level Since May 1996 in OECD
(DBN)

World Bank cuts global growth forecast on virus flare-ups World Bank sees sharp world growth slowdown, 'hard landing' risk for poorer nations World Bank slashes global growth forecast and warns about growing inequality
(DBN)

Shipping group Maersk expects cargo delays to persist
(DBN)

Trucking Trade Group Warns of Continued Shortages, Bottlenecks
(DBN)

It's not just truck drivers — the semi-trucks they rely on are also facing a shortage, with some dealers already 'sold out for the year'
(DBN)

Prepare for the 'mother of all supply chain stumbles' if Omicron sweeps across Asia and raises the risk of factory shutdowns, analyst warns
(DBN)

JPMorgan's Dimon says consumer loan growth may take 6-9 months to return to normal
(DBN)

Dimon Sees ‘Huge Pressure’ on Wages for First Time in His Life
(DBN)

A new era for the American worker
(DBN)

Rising wages are the biggest threat to earnings and 'corporate misery' is correlated to higher labor costs, Bank of America says
(DBN)

Treasury warns of delayed tax refunds due to 'enormous challenges'
(DBN)

NYC’s New Mayor Tells City to Stop Wallowing, Embrace ‘Swagger’
(DBN)

New Orleans brings back mask mandate
(DBN)

JPMorgan Chase's Jamie Dimon says bank won't pay its unvaccinated workers
(DBN)

U.S. business fears never ending liability from 'take-home' COVID-19 lawsuits
(DBN)

VW Widens Staff Vaccination Drive to Counter Omicron Risks
(DBN)

Unvaccinated federal employees must test for COVID weekly
(DBN)

Visualizing Americans’ Financial Assets by Age
(DBN)

Non-Rich Folks Are Pointing Out Things The Wealthy Don't Understand About Poverty, And It's Eye-Opening
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Homebuilder Comments in December: “Still a ton of demand for new homes"
(DBN)

Mortgage delinquency rate reaches prepandemic levels
(DBN)

Leading Index for Commercial Real Estate "Declines in December"; Up Sharply Year-over-year
(DBN)

Faulty safety doors at Bronx high-rise were repeatedly flagged before deadly fire, officials say
(DBN)

Owning is cheaper than renting in much of the U.S.
(DBN)

Aspen housing is so expensive, employees can't afford to live there. A ski resort found a solution in tiny homes.
(DBN)

Brooklyn’s bankrupt All Year Management attracting bidders, lawyer says
(DBN)

____________

Municipalities:

Puerto Rico bankruptcy judge signals plan confirmation likely by month end
(DBN)

How to Solve City, County Pension Problems
(DBN)

Puerto Rico Bonds Rise as Judge Set to Accept Modified Debt Plan
(DBN)

____________

Oil/Gas:

Seadrill unit files for bankruptcy seeking 24-hour turnaround
(DBN)

EIA expects U.S. oil production to reach a record in 2023
(DBN)

Report reveals double the number of abandoned oil and gas wells in US than previous reports
(DBN)

____________

Retailing:

American Eagle signals weak revenue growth in holiday quarter
(DBN)

Retailers detail staffing shortages as omicron rages, but investors see it as short-term hit
(DBN)

The new normal: Google searches reveal America's COVID shopping habits
(DBN)

____________

Personal Finance:

Just 22% of people give themselves high scores on financial wellness
(DBN)

____________

Celebs:

Judge Orders Erika Jayne’s AMEX Record Be Turned Over Amid Bankruptcy as It’s Revealed RHOBH Star Was Given Bank Card by Tom’s Firm
(DBN)

____________

Autos:

Auto Dealers See U.S. Sales Edging Up 3.4% as Shortages Continue
(DBN)

Here’s when you can look forward to used car prices finally going down
(DBN)

Bentley, Rolls-Royce Evade Chip Issues to Score Record Sales
(DBN)

Volkswagen Group reports 4.5% drop in deliveries
(DBN)

BMW Brand Delivers Record 2.21 Million Vehicles in 2021
(DBN)

Rivian Produced 1,015 Trucks in 2021
(DBN)

____________

Politics:

Biden has found his bone to pick with the GOP: voting rights Biden Tees Up Voting-Rights Push as Allies Worry He’s Too Late
(DBN)

Democratic operatives say Hillary Clinton is 'best option' for party to win 2024 election Bill O'Reilly: Hillary Clinton wants to face Trump in 2024
(DBN)

Why Democrats are thinking of going nuclear
(DBN)

Manchin doubles down on filibuster ahead of Biden's speech
(DBN)

McConnell vows retaliation if Democrats change filibuster
(DBN)

McConnell will run for another term as leader despite Trump's attacks
(DBN)

King family: ‘Difficult decision’ to attend Biden’s voting rights speech
(DBN)

Trump Says His Twitter Ban Damaged the ‘Integrity’ of U.S. Elections
(DBN)

Trump to elevate election deniers at Arizona rally
(DBN)

McConnell: Rounds 'told the truth' about 2020 election Under fire from Trump, Sen. Mike Rounds says Republicans need to provide voters with 'good information' and instill trust in American elections
(DBN)

McCormick MAGA-proofs his Senate campaign after dissing Trump
(DBN)

Fauci clashes with Paul, says attacks kindle 'the crazies' Fauci says Sen. Rand Paul’s false accusations has incited death threats In a Fiery Hearing, Fauci Accuses Senator Rand Paul of Fueling Threats Against His Life Hot mic catches Fauci calling GOP senator 'a moron'
(DBN)

Rand Paul FactCheck: “No one has been hospitalized for” the omicron variant of COVID-19
(DBN)

House Democrats postpone annual retreat due to COVID
(DBN)

Top House Democrat pushes "isolation boxes" for unmasked colleagues
(DBN)

McCarthy Eyes Ban on Lawmakers Trading Individual Stocks
(DBN)

Nancy Pelosi supports lawmakers trading stocks if they properly report the transactions. But 3 more members of Congress failed to meet that low standard 54 members of Congress have violated a law designed to stop insider trading and prevent conflicts-of-interest Momentum builds to ban lawmakers from trading stocks
(DBN)

Republicans threaten floor takeover if Democrats weaken filibuster
(DBN)

Biden says the Senate is 'a shell of its former self' in call to remove the filibuster for voting rights legislation
(DBN)

Lawmakers of both parties slam Texas GOP candidate who called for ban on Chinese students
(DBN)

Wisconsin's 1-party rule is what the GOP wants everywhere
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Mediation:

Deposing A Mediator About What Happened In The Mediation (Roberts v. City of Fairbanks)
(DBN)

____________

Automatic Stay:

City of Chicago vs Fulton: The Disappearing Automatic Stay
(DBN)

____________

Venue:

Bankruptcy lawyers steer blockbuster cases to select US cities
(DBN)

____________

Mass Torts:

Boy Scouts Says Abuse Claims Likely to Be Paid in Full, With Lowered Liability Estimates
(WSJ)

____________

Aviation:

United CEO says 3,000 positive for COVID but no deaths among the vaccinated United cuts flights as about 3,000 workers call out sick from Covid United CEO says nearly 33% of airline staff at its Newark hub called in sick one day
(DBN)

Delta Air Lines fights with largest flight attendant union over Covid sick leave
(DBN)

American Airlines expects Q4 revenue to fall lesser than expected
(DBN)

Omicron Turbulence Looms Over U.S. Airline Earnings
(DBN)

Travel is ‘roaring back’ — but the industry might not be ready for a boom
(DBN)

American Airlines passenger enters cockpit, damages controls
(DBN)

A viral TikTok showed how to get $1,000 if you're bumped from a flight. We unpack that.
(DBN)

China Blocks Some Flights From the U.S. as Covid Precautions Rise
(DBN)

Flights at U.S. Airports Halted During North Korea Missile Test
(DBN)

Aeromexico Says Creditors Approve Its Restructuring Plan Voting on Plan of Reorganization Concludes with Strong Support
(DBN)

____________

Banking:

Bank of America to reduce overdraft fees this spring BofA Drops Non-Sufficient Funds Charge, Cuts Overdraft Fees
(DBN)

____________

Food/Beverage:

Restaurant Chain at the Center of a Deadly Hepatitis Outbreak Is Filing for Bankruptcy
(DBN)

Domino’s Pizza forecasts soaring food costs in 2022, backs long-term outlook
(DBN)

Albertsons Struggles With Rising Costs, Blunting Sales Surge
(DBN)

Get ready to spend more on milk, eggs, cheese, and meat as Omicron wreaks havoc on supply chains, experts warn
(DBN)

Here's why grocery stores are struggling to stock their empty shelves
(DBN)

They Fed America During Lockdown. Nearly Two Years Later, Many Grocery Workers Can’t Make Ends Meet.
(DBN)

____________

Fraud:

U.S. Signals Corporate Crime Shifts in Pair of Fraud Settlements
(DBN)

____________

Maritime:

German court to rule in row over funding for cruise shipbuilder MV Werften
(DBN)

____________

Sports:

Djokovic could face jail for ‘lying on his Australia travel form’ as shock pics ‘show he traveled before flight to Oz’ Break point: Aussie PM takes on Novak Djokovic — and loses Djokovic admits travel papers "mistake" as Australia visa decision looms
(DBN)

Miami, Michigan State Football Coaches’ Pay Spurs Congress Probe
(DBN)

____________

Education:

L.A. Unified students face lines to enter campus on first day; screening system crashes
(DBN)

More than 65,000 Los Angeles students and employees test positive for COVID-19 as school resumes
(DBN)

Rise in COVID-19 cases prompts Thousand Oaks school to switch to remote learning
(DBN)

Chicago deal to resume in-person class includes more testing, KN95 masks: "It's not a perfect agreement"
(DBN)

Biden ramps up school testing strategy as Omicron disrupts education
(DBN)

Poll: Americans value "health and safety" over in-person learning
(DBN)

Federal appeals court appears wary of tossing Indiana University's vaccine mandate
(DBN)

The Nonprofit College That Spends More on Marketing Than Financial Aid
(DBN)

Elite universities violated antitrust law in financial aid collaboration, lawsuit claims
(DBN)

Lawsuit claims colleges overcharged students ‘hundreds of millions of dollars’
(DBN)

Multiple N.J. High School Students Criminally Charged with Sexual Assault over Hazing Ritual Allegedly Downplayed by School Administrators
(DBN)

____________

Climate:

Powell says climate stress tests will 'very likely' be a 'key tool going forward'
(DBN)

Ocean warmth hits record high
(DBN)

Oceans absorbed heat equivalent to 7 Hiroshima nuclear explosions every second, expert says
(DBN)

Coldest air in years sends Midwest, Northeast into deep freeze
(DBN)

It’s time to start scoring legislation on climate impacts
(DBN)

Weather disasters caused $145 billion in damage last year in the U.S., says NOAA
(DBN)

____________

Sovereigns:

Clauses and Controveries: From Commercial Bank Loans to Blue Bonds
(DBN)

World Bank demands faster G20 debt relief as poor nations squeezed
(DBN)

____________

UK:

What is 'living with Covid'? Boris Johnson drawing up plans 'to be rolled out in March'
(DBN)

Scotland beginning to ease omicron restrictions
(DBN)

Customers are furious after energy supplier tells customers to cuddle pets to keep warm
(DBN)

____________

EU:

WHO says omicron may infect half of Europe within two months, if current coronavirus trends hold
(DBN)

WHO: 7 million new omicron COVID cases in Europe
(DBN)

EU agency says omicron pushing COVID-19 out of pandemic phase
(DBN)

Europe Slowly Starts to Consider Treating Covid Like the Flu
(DBN)

Goldman predicts the euro area will outgrow the U.S. economy over the next two years
(DBN)

____________

Canada:

Quebec to impose tax on unvaccinated people
(DBN)

____________

France:

French Daily Covid Cases Hit 350,000, a New Record
(DBN)

____________

China:

World’s Worst-Performing Bank Lent Billions to China Evergrande
(DBN)

Delinquent Shimao, Kaisa units named and shamed as defaults rise
(DBN)

Goldman Lowers China 2022 Growth Forecast to 4.3% on Omicron Goldman cuts China GDP target for 2022 — and exports aren’t the problem
(DBN)

China Vows More Steps to Stabilize Trade as Economic Risks Grow
(DBN)

Calls for China to Cut Rates Grow Louder as Economic Risks Grow
(DBN)

____________

Russia:

Russia Positioning Helicopters, in Possible Sign of Ukraine Plans Russia is risking all-out war to prevent Ukraine from joining NATO US-Russia Exchange Warnings Over Ukraine
(DBN)

____________

Cuba:

In Cuba, queueing for hours 'just to be able to eat'
(DBN)

____________

MENA:

Aid group reports 30-fold increase in Afghanistan child malnourishment
(DBN)

____________

Poland:

Poland hits grim milestone of 100,000 COVID deaths
(DBN)

____________

Germany:

Germany needs mass immigration to avoid labor shortages - economy minister
(DBN)

____________

Australia:

Omicron surge threatens to slow down Australia's economic recovery
(DBN)

____________


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