January 13, 2022

The Daily Bankruptcy News

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Law:

2022 Report on the State of the Legal Market Law Firms Can't Just Keep Throwing Money at Growing Talent War: 2022 Report on the State of the Legal Market
(DBN)

The 2021 class of summer associates was ‘most diverse ever measured in every way,’ new NALP report says Law firm summer associates were more diverse than ever in 2021, report says
(DBN)

Wait, How Many Hours Are You Billing?
(DBN)

Record Salaries Aren’t Stopping Associate Turnover ‘Crisis’
(DBN)

2021 Ends With Legal Employment Up, Unemployment Down
(DBN)

Sullivan & Cromwell’s new co-chairs go for tricky balance
(DBN)

Should I Stay Or Should I Go?: Law Firm Edition
(DBN)

Why lawyers should consider change—for better or worse
(DBN)

Suspension upheld for lawyer accused of concealing inventories of shipwreck gold
(DBN)

Ex-associate at big U.S. law firm hit with 3-year bar suspension
(DBN)

Oregon moves closer to a bar exam alternative
(DBN)

Trump's lawyer brutally mocked for 'insane' court motion that is 'perilously close to gibberish'
(DBN)

This Is What The Constitution Should Look Like
(DBN)

Attorney Accused Of ‘Extreme And Egregious’ Behavior Over Harassing Emails To Biglaw
(DBN)

Lawyer tried to get TV station to cover his personal movie in exchange for interview, report alleges
(DBN)

In US News’ 100 Best Jobs of 2022 list, how does being a lawyer stack up?
(DBN)

ABA launches nationwide pro bono campaign to help families facing deportation
(DBN)

Legal aid groups want little to no part of re-upped Remain in Mexico program
(DBN)

Jan. 6 committee seeks to interview Kevin McCarthy McCarthy Won't Cooperation with Jan. 6 Panel Jailed Jan. 6 Defendant Lashes Out and Leaves Court Hearing: 'I'd Like to Go Eat My Food and Play Cards' Fox News host Laura Ingraham warned against Trump encouraging protests at state capitols 'esp with weapons' in newly disclosed text to Mark Meadows Another Jan. 6 Armed Rioter Caught
(DBN)

Court Nixes Trump Attempt To Consolidate Three Tech LOLsuits Into One Bigger, Dumber Tech LOLsuit
(DBN)

Man punched, kicked by officers settles with Georgia county
(DBN)

No charges to be filed in death of Justin King, Black man fatally shot by white neighbor in Missouri
(DBN)

Preliminary data shows COVID was leading cause of death for cops in 2021
(DBN)

Lawsuit against Prince Andrew by Epstein accuser can go forward, judge rules Prince Andrew's legal team decline comment on U.S. court decision
(DBN)

The Supreme Court takes up a case, brought by Ted Cruz, that could legalize bribery
(DBN)

Bomb incidents and bomb-making surge in U.S., officials warn
(DBN)

Extremist experts say antisemitic groups are ‘emboldened.’
(DBN)

Pennsylvania Dentist Killed His Wife on an African Hunting Trip to Collect More Than $4.8 Million and Be With Mistress: FBI
(DBN)

Armorer in ′Rust′ film set shooting sues prop supplier
(DBN)

Utah officer who responded to Gabby Petito incident said he's 'desperately f----- over that she got killed' and 'would have done anything to stop it'
(DBN)

Texas agency sues to delist protected bird, to 'maximize revenues'
(DBN)

Catholic, Jewish leaders condemn Nazi flag on coffin at Italian church funeral
(DBN)

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Judges:

Outcomes in state supreme courts aren’t as simple as blue vs. red
(DBN)

Chief Justice Roberts's bad math
(DBN)

Biden judicial nominee grilled amid objections by GOP home state senators
(DBN)

Judges Sometimes Come Up With Better Arguments Than Lawyers
(DBN)

I Know Lawyers Get A Bad Rap, But Can We Talk About Judges For A Second?
(DBN)

U.S. Senate casts first judicial vote of 2022, sends Sanchez to 9th Circuit
(DBN)

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Wall Street:

Stock futures flat after a 3-day winning streak for Nasdaq US stock futures edge higher along with bond yields, as 39-year-high inflation reading sinks in
(DBN)

European markets muted after red-hot U.S. inflation reading
(DBN)

Inflation will not normalize soon so seek stocks with ‘pricing power,’ strategist says
(DBN)

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Layoffs:

Firing Watch ’22: Jamie Dimon Is Itching To Make An Example Of You Anti-Vaxxers
(DBN)

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Education:

New York City high school students stage walkout, citing inadequate covid measures
(DBN)

Oakland students threaten to boycott classes unless school district meets covid demands
(DBN)

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Sports:

Australian TV anchors on hot mic curse Djokovic, who appears to admit breaking coronavirus isolation rules
(DBN)

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Autos:

The average new car now costs more than $47,000. Don't expect them to get much cheaper anytime soon.
(DBN)

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Healthcare:

WHO: Omicron cases are ‘off the charts’ as global infections set records
(DBN)

Omicron cases could fall as quickly as they rose in the US — new models suggest daily infections may have already hit their max
(DBN)

Swiss Add Voice to View That Endemic Stage of Covid Is In Sight
(DBN)

Loss of taste or smell isn't a common COVID-19 symptom for Omicron infections, disease experts say
(DBN)

As Covid deaths rise, many still caused by delta variant, CDC says COVID deaths are climbing as cases skyrocket
(DBN)

Omicron less severe, hospital stays shorter at large California health system
(DBN)

Calling Omicron ‘Mild’ Is Wishful Thinking
(DBN)

Maps: Track hospital ICU stress levels in your state
(DBN)

Trump endorsed COVID-19 vaccines again and blasted 'gutless' politicians who won't say if they've been boosted
(DBN)

Americans can soon get 8 free COVID-19 tests a month covered by insurance — here's how to get them
(DBN)

Americans seeking coronavirus tests are overwhelming ERs. Here's how other countries are handling the demand.
(DBN)

Walensky says CDC mask recommendation will not change
(DBN)

Fauci: Omicron will infect 'just about everybody'
(DBN)

Study: Omicron associated with 91% reduction in risk of death compared to Delta
(DBN)

W.Va. governor 'extremely unwell' after positive COVID-19 test
(DBN)

Georgia Senate candidate Herschel Walker promoted a 'mist' that he claimed would 'kill any covid on your body'
(DBN)

U.S. Orders 500,000 More Doses of AstraZeneca Covid Cocktail
(DBN)

Bernie Sanders proposes "Masks for All"
(DBN)

Texas Mom Put Covid Son in Trunk and Community Backs Her
(DBN)

Why Cuba’s extraordinary Covid vaccine success could provide the best hope for low-income countries
(DBN)

Report Finds States With The Most Restrictive Telehealth Laws Appear To Be Hardest Hit By COVID
(DBN)

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Economy:

Fed Says Economic Optimism Showing Signs of Cooling in Places
(DBN)

Messy job reports and unreliable labor data forecasts take a toll on Biden in his first year
(DBN)

Inflation rises to highest level since 1982 December prices rise 7%, compared to a year ago, as 2021 inflation reaches highest in 40 years U.S. Inflation Shows More Staying Power After Hitting 7% in 2021 Worst Inflation Since 1982 is Understated
(DBN)

Inflation Is Nearing 10% in Atlanta and Parts of U.S. Sun Belt
(DBN)

Consumer prices reached a 40-year high in December—here’s what’s more expensive
(DBN)

Cleveland Fed: Median CPI increased 0.4% and Trimmed-mean CPI increased 0.4% in December
(DBN)

BLS: CPI increased 0.5% in December; Core CPI increased 0.6%
(DBN)

Four ways Americans are feeling inflation
(DBN)

Most Americans saw their real wages drop in 2021 — except for hotel and restaurant employees
(DBN)

Fed’s Mester Says Case for Removing Policy Support ‘Compelling’
(DBN)

IMF Chief Warns of Turbulence as Policy Makers Unwind Stimulus
(DBN)

Here’s what Jerome Powell’s second term as Fed chairman means for your money
(DBN)

BlackRock’s Rieder Thinks the Fed Will Avoid an Overshoot on Rates
(DBN)

Biden says administration 'making progress' slowing rate of price increases Biden Cites ‘Progress’ on Inflation Despite 7% Climb in 2021
(DBN)

Army ups bonuses for recruits to $50K, as COVID takes toll
(DBN)

Army disciplines nearly 3,000 soldiers for refusing COVID vaccine
(DBN)

As pandemic rages on, the global economy is its latest victim
(DBN)

Omicron disrupts essential services as workers call out sick: ‘Most people are going to get Covid’
(DBN)

Biden Wants U.S. Agencies to Mandate COVID-19 Testing for Unvaccinated Employees by Feb 15
(DBN)

Robinhood says it will offer permanent remote working to most employees
(DBN)

Struggling Nurses, Retail Workers Want Tech Tools, But Fear They Won’t Adapt Fast Enough
(DBN)

America rethinks its endgame for COVID
(DBN)

Geriatric millennials are winning at work
(DBN)

There's a simple step the government can take to raise pay and solve labor shortages — it's called prevailing wage law
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage Rates: Moving on Up; Refinance Activity Will Slow Sharply
(DBN)

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

Manhattan rents were the highest ever for December
(DBN)

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Municipalities:

Year later, Flint water criminal cases move slowly in court
(DBN)

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Oil/Gas:

Seadrill New Finance Limited Announces Confirmation of Pre-Packaged Financial Restructuring
(DBN)

IEA Says Oil Demand Dynamics Are Proving Stronger Than Expected
(DBN)

Hornbeck Buys 10 OSVs as it Moves Forward from 2020 Bankruptcy
(DBN)

Oil rally to continue in 2022 as demand outstrips supply, analysts say
(DBN)

EIA Sees Oil Prices Dropping in 2022, 2023
(DBN)

Stellantis to Say Goodbye to Diesels
(DBN)

EVs are un-American, study finds
(DBN)

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Student Debt:

Pressures aligning on Biden, Democrats to forgive student loans
(DBN)

Only 32 student-loan borrowers ever have qualified for full debt forgiveness under income-driven repayment. Here are 3 ways advocates say Biden could change that.
(DBN)

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Climate:

The latest data on US climate pollution is very bad
(DBN)

Winter is Fastest Warming Season in US
(DBN)

Buenos Aires hits 106 degrees amid severe South American heat wave
(DBN)

There’s Too Much Carbon Going Into the Air to Hit Climate Goals
(DBN)

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Politics:

Ohio Supreme Court Tosses GOP Gerrymander of State Legislative Districts for Unconstitutionally Favoring Republicans
(DBN)

Nevada GOP Sent Fake Electoral Certificate to the National Archives Claiming Trump Won the State
(DBN)

Romney warns against getting rid of filibuster, citing possible Trump win in 2024
(DBN)

Obama firmly backs Biden's call to change the filibuster to pass voting-rights legislation, blasts Senate Republicans for failing to protect democracy
(DBN)

Schumer finds loophole to advance elections reform package
(DBN)

How Democrats managed to beat the filibuster-58 years ago
(DBN)

Manchin's incorrect claim of a 232-year filibuster 'tradition'
(DBN)

Progressives Bow to Reality of Diminished Hopes for Biden Agenda
(DBN)

House Democrats to combine 2 key bills in push for voting rights
(DBN)

Dems frustrated with Biden’s Omicron response
(DBN)

Top Republican senators are standing by Mike Rounds after Trump attacked him for saying the 2020 election was fair
(DBN)

Lindsey Graham Won't Back McConnell Until He's a Trumper
(DBN)

Trump abruptly ends NPR interview Transcript of Trump Interview on NPR
(DBN)

Trump calls McConnell a "loser" before hanging up on NPR host
(DBN)

McCarthy's plot to build the House of Trump
(DBN)

Dems worry they'll be boxed out without changes to filibuster, voting rules
(DBN)

Centrist Democrats urge progressives to tamp down rhetoric
(DBN)

QAnon cultists wonder if John Lennon and Tupac will appear with JFK at Trump’s Arizona rally: report
(DBN)

Only Superhuman Endurance Kept That 'What A Moron' Inside Anthony Fauci For Nearly Two Years Fauci says it's 'stunning' that senator doesn't know his financial records are public after calling Republican a moron
(DBN)

Matt Gaetz's ex-girlfriend testifies before grand jury as DOJ is 'moving closer' to indicting him: report Matt Gaetz Girlfriend Gabs To Grand Jury

(DBN)

Mike Lindell says he has 'enough evidence' to put '300 million' Americans in jail for election fraud
(DBN)

A top Democrat says lawmakers who ignore mask mandate should sit in 'isolation boxes' in House chamber
(DBN)

Cuomo's Lawyer Issues Legal Threat to Ethics Panel That Told Him to Return $5.1 Million in Book Proceeds
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 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)

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Mass Torts:

CT attorney general denies ‘ignoring’ opioid victims’ families in Purdue Pharma appeal
(DBN)

J&J talc judge says legal shield dispute is for bankruptcy court
(DBN)

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Sales:

The Shield of the Bankruptcy Code: Recent Decision Reminds Would-Be Buyers of Important Section 363 Protections
(DBN)

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Corporate Governance:

I Shall [Not] Be Released: Wellspring, Director Releases, and the Duty of Loyalty in Restructuring Negotiations
(DBN)

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Venue:

Houston Has Tied Delaware as Corporate America's Favorite Place to Declare Bankruptcy
(DBN)

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

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Ch. 13:

2017 Amendments to Bankruptcy Rules Do Not Permit Lien Avoidance Through Chapter 13 Plan
(DBN)

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Aviation:

Airlines flying thousands of near-empty planes just to keep their airport slots
(DBN)

Bear spray to meth-rrito: The top 10 TSA catches of 2021
(DBN)

Finnair Cuts Flights as Omicron Staff Shortage Spreads to Europe
(DBN)

Biden administration criticizes China's move to cancel more flights
(DBN)

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Tax:

Americans visited IRS refund website 632 million times last year as challenges swamp tax agency 'in crisis'
(DBN)

IRS "in crisis," government watchdog says
(DBN)

No, the IRS isn’t taxing your Venmo transactions
(DBN)

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Cruise Lines:

Cruises are using quarantine ships to isolate covid-positive crew
(DBN)

Shares of cruise operator Genting Hong Kong plunge more than 50% as it warns of defaults
(DBN)

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Food/Beverage:

Two men vandalized a Key West landmark. A bartender recognized one of them because he hadn't tipped.
(DBN)

Rapidly rising food prices may give restaurants an edge—here’s why
(DBN)

Store shelves are empty again across the country. Here's why.
(DBN)

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Awards:

FTI Consulting Leads Who's Who Legal Restructuring & Insolvency 2022 List
(DBN)

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Maritime:

Genting HK faces demand on $2.78 billion of debt as the bankruptcy of its MV Werften shipyard in Germany triggers cross default
(DBN)

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Utilities:

Brazos bankruptcy judge narrows ERCOT defense of $2 bln bill
(DBN)

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Entertainment:

Cirque du Soleil Head Lamarre on Emerging From Bankruptcy and Lessons for Success
(DBN)

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Fraud:

Convicted ex-Theranos CEO Elizabeth Holmes granted bond, to be sentenced in Sept.
(DBN)

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UK:

Bankruptcy watchdog clears Thomas Cook bosses of wrongdoing
(DBN)

Britain's Boris Johnson apologizes amid national anger over lockdown BYOB party at his residence Brits recall heartbreaking lockdown sacrifices they made - the same day Boris Johnson attended a party Boris Johnson’s leadership is on a knife-edge after lockdown parties scandal Downing Street reportedly told staff to 'clean up' their phones before a lockdown-party inquiry. That could be a crime, watchdog says.
(DBN)

Fall in London Covid Cases Raises Hopes Omicron Is in Retreat
(DBN)

Omicron to Have Only ‘Modest Impact’ on U.K. GDP, Deutsche Says
(DBN)

U.K. Population Outlook Is Scaled Back as Deaths Climb and Births Fall
(DBN)

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EU:

Should we treat Covid like the flu? Europe is slowly starting to think so
(DBN)

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Canada:

Private colleges in Québec file for creditor protection
(DBN)

Reitmans exits court protection after 20 months; pays $95 million to creditors
(DBN)

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Russia:

Russian, NATO encounter yields little progress on Ukraine Senate Democrats unveil bill sanctioning Russia over Ukraine U.S.-Russia Talks End With No Signal on What Putin Will Do Next Talks with Russia must prioritize Nord Stream 2 to deter Putin, Ukraine’s Naftogaz CEO says
(DBN)

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Mexico:

Mexico has refused to close its borders during the covid-19 pandemic. Does that make sense?
(DBN)

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France:

France Records More Than 360,000 New Covid Cases for Second Day
(DBN)

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Brazil:

Omicron a ‘Welcome’ Variant Says Brazil’s Bolsonaro Amid Surge
(DBN)

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Denmark:

Denmark Surpasses 1 Million Virus Cases as Omicron Variant Rages
(DBN)

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MENA:

Israel PM gambles on no lockdown strategy as cases climb
(DBN)

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India:

India's Insolvency Reform Marks Progress; But Challenges Persist
(DBN)

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China:

Chinese developer Shimao to hold creditor meetings to vote on ABS payment extension - documents
(DBN)

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