January 20, 2022

The Daily Bankruptcy News

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Law:

Building a Bankruptcy Juggernaut (Podcast)
(DBN)

Cooley is praised for refusing to fire associate disliked by Elon Musk because of past SEC work This Biglaw Partner Would've Told Elon Musk To Kindly GTFO For Demanding An Associate Be Fired
(DBN)

The Increasing Demand For Lawyers
(DBN)

Work From the Hamptons Is Big Law’s New Strategy to Lure Lawyers The Hamptons gets its first global law firm as workplace expectations shift
(DBN)

California plan to license nonlawyers draws heated response
(DBN)

Ropes & Gray is accused of ‘unrelenting’ workload that caused UK barrister’s meltdown at work
(DBN)

Biglaw Firm Overworked Attorney According To New Lawsuit
(DBN)

‘Soul suck’: Ex-lawyers dish on why they ditched their jobs
(DBN)

U.S. law firm's bid for sanctions in malpractice suit 'breathtaking,' says ex-client
(DBN)

MyCase CEO reflects on first year in role and discusses future of remote work, saying it’s ‘here to stay’
(DBN)

Elite Biglaw Firm Opens Suburban Offices As Part Of New 'Work-Near-Home' Strategy
(DBN)

Penn Law dean will seek university sanctions against law prof for her ‘derogatory public statements’
(DBN)

Ghislaine Maxwell to Formally Request New Trial Over Concerns About Juror
(DBN)

Prince Andrew’s ex says Clinton, Epstein were ‘like brothers’ Prince Andrew quits social media as US sex assault case looms
(DBN)

The Trump Org claimed an apartment was worth $25 million while also offering it to Ivanka Trump for $8 million, New York AG alleges in fraud case Donald Trump lied about his Trump Tower apartment — saying it was larger than his upstate mansion: NY AG Ivanka Trump 'caused misleading financial statements to be submitted to Deutsche Bank': NY AG Eric Trump and Allen Weisselberg invoked their 5th Amendment rights more than 500 times in Trump Organization probe, court filing says Is the New York Attorney General Closing In on Trump? Experts: Trump Fraud Case Not a Slam Dunk
(DBN)

The Trumps Could Testify Before Their Dirty Laundry Got Aired, Or After. They Chose After.
(DBN)

Jan. 6 riot probe to get some Trump White House records as lawyer threatens fight Trump Papers Set to Be Turned Over to House Jan. 6 Committee Supreme Court, Except for Justice Thomas, Rejects Donald Trump's Bid to Block Release of Records to the Jan. 6 Committee Trump Had Secret Meetings Before Jan. 6 Judge gives Capitol rioter probation to keep him from falling for 'false gods' before 2024 election 'Do Not Fall Victim to Following False Gods': Federal Judge Issues Long Probation Sentence for Utah Man Who Took American Flag from Capitol on Jan. 6 'All roads are pointing towards Trump himself': Legal expert breaks down Jan. 6 Committee's latest moves Figure at center of pro-Trump Jan. 6 theories to speak with select committee Friday Firearms, a drone and 30 days of supplies: New details of Oath Keepers Jan. 6 weapons cache Capitol riot suspect arrested after a former friend told the FBI she showed off a video of her breaking a window during the insurrection Jan. 6 investigators subpoena far-right figures who promoted election fraud claims Experts see 'red flags' at nonprofit raising big money for Capitol riot defendants Jan. 6 panel subpoenas 2 far-right "America First" activists Oath Keepers member charged with U.S. Capitol riot sedition to seek release
(DBN)

To Crack Open the Big 2020 Election Scheme, Start by Prosecuting the Fake Electors
(DBN)

Look Which Lawyer Is Leading The Oath Keepers Now
(DBN)

Trump Lawyer Cipollone Hires GOP Veteran Fielding in D.C.
(DBN)

Barr Memoir: One Damn Thing After Another
(DBN)

Smartmatic sues Mike Lindell for defamation, saying he is 'crazy like a fox' and alleging he 'intentionally stoked the fires of xenophobia and party divide for the noble purpose of selling his pillows'
(DBN)

Supreme Court to hear Sen. Ted Cruz’s challenge to a campaign finance law Supreme Court Signals Support for Ted Cruz in Campaign-Finance Case Supreme Court appears divided over Cruz campaign finance challenge It was a great day in the Supreme Court for the bribery of lawmakers In Campaign Finance Case, Justices Alito and Thomas Liken Sen. Ted Cruz to Aggrieved Black Man in Plessy v. Ferguson
(DBN)

Woman blurts out anti-Semitic remarks before spitting on young boy in bizarre attack: police
(DBN)

Two U.K. men arrested for questioning over Texas synagogue standoff
(DBN)

White House eyes vaccine mandate for migrants
(DBN)

Civil Rights Suit Filed by Family of Black Teen Who Died in Police Custody Advances. Derek Chauvin's Expert Is One of the Defendants.
(DBN)

Florida Man Ambushed Jogger, Planned to Keep Victim's Body in Closet to 'Play with'
(DBN)

Minnesota jury to decide if Chauvin's colleagues had duty to stop deadly Floyd arrest
(DBN)

Skier charged with manslaughter after killing 5-year-old in crash
(DBN)

Georgia Supreme Court Grills Prosecuting Authorities About 'Completely Made Up' Arguments During Tex McIver Murder Trial
(DBN)

FBI Raids Rep. Cuellar Home
(DBN)

SD AG Seemed to Know He Killed a Man With His Car, Say Agents
(DBN)

AL: Town Grows Police Force by Ticketing All
(DBN)

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Judges:

Supreme Court’s Sotomayor Says She Didn’t Ask Gorsuch to Wear a Mask Gorsuch, Sotomayor deny beef over masks on the bench Supreme Court’s Gorsuch, Sotomayor dodge key detail as they deny rift over Covid masks Gorsuch is the only SCOTUS justice who isn’t wearing a mask on the bench; did he refuse Roberts’ request? Sotomayor, Roberts say they did not ask Gorsuch to wear a mask on the Supreme Court bench
(DBN)

U.S. judge calls unvaccinated adults 'unpatriotic' as Omicron prompts trial delay
(DBN)

Steve Bannon's Supreme Court?
(DBN)

The vaccine mandate cases, polarization, and jurisprudential norms
(DBN)

Biden nominates Muslim woman to the federal bench, a first in US history as he diversifies the judiciary
(DBN)

Biden Nominee Would be First Black Woman on Third Circuit
(DBN)

Judge who described pro-Trump lawyer as ‘mendacious or incompetent’ ruled too quickly, top state court says
(DBN)

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Wall Street:

Dow futures rise more than 130 points, Nasdaq bounces after hitting correction
(DBN)

Wall Street Sell Off Deepens
(DBN)

Peloton insiders sold nearly $500 million in stock before its big drop, SEC filings show
(DBN)

Wall Street Traders Place Fresh Bets on a Post-Covid World
(DBN)

Rising rates may hammer the stock market
(DBN)

Biden stock market gets Trumped
(DBN)

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Layoffs:

Logistics Giants Are Turning to Remote-Run Forklifts After Labor Crunch
(DBN)

CEO who fired hundreds of employees over Zoom resuming full-time duties
(DBN)

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Banking:

Bank of America, Wells Fargo join growing group of banks slashing overdraft fees
(DBN)

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Coal:

Colorado coal town grapples with future as plant shuts down
(DBN)

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Healthcare:

American Physician Partners Wins Time to Resolve Overdue Debt
(DBN)

U.S. government beefs up COVID response with N95 masks and tests, while UK announces plan to ease restrictions
(DBN)

Starbucks Tells Employees to Shift to Using Disposable Paper Masks Instead of Cloth Starbucks ends vaccine requirement in response to Supreme Court ruling
(DBN)

Omicron pushes COVID deaths toward 2,000 per day
(DBN)

Here’s how effective at-home rapid Covid tests are, and when to use them
(DBN)

Omicron Is a Bigger Risk for the Young, Medical Data Shows
(DBN)

Growing signs Omicron is leveling off in California
(DBN)

MRNA Boosters Don’t Block Omicron, South African Study Shows
(DBN)

CDC study shows prior COVID-19 infection and vaccines protected against delta variant CDC: Vaccinated Americans with a prior infection fared the best during Delta
(DBN)

Why Omicron Is More Likely to Kill Americans
(DBN)

Omicron hits American hospitals disproportionately hard
(DBN)

I'm an ER nurse who's comforted panicked COVID-19 patients as they beg to live. Too often, they die anyway.
(DBN)

Covid and the flu will make every winter hell for the US health system
(DBN)

People should not try to intentionally catch omicron, experts say
(DBN)

Singer dies after catching Covid intentionally
(DBN)

How many health care workers are vaccinated? It’s anyone’s guess
(DBN)

Don’t travel to these vacation spots, CDC warns. They have a ‘very high’ COVID risk
(DBN)

How a wedding photographer and a donut shop owner got millions in a COVID testing operation now under investigation
(DBN)

Why some people in close quarters get COVID-19 — and others don't
(DBN)

Antibiotic-resistant infections are killing millions, scientists warn
(DBN)

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Economy:

BlackRock's Larry Fink says the old world of work is 'gone' and that's why everyone is quitting
(DBN)

Market, Omicron risks pose new challenge for Fed policy pivot
(DBN)

Biden's First Year: An Economic Scorecard
(DBN)

Employers expecting average employee raises of 3.4 percent this year: survey
(DBN)

Yellen ‘Confident’ Omicron Won’t Derail U.S. Economic Recovery
(DBN)

Both halves of the US's inflation nightmare are starting to look better
(DBN)

Fed Will Likely Hike Eight Times to Curb Inflation, Marathon Asset CEO Says
(DBN)

If the Fed wanted to stop inflation, it would need to hike rates to nearly 6%: expert
(DBN)

Gain in U.S. Median Wage at End of 2021 Was Well Below Inflation
(DBN)

Procter & Gamble plans more price hikes for Tide, other products as costs soar P&G Raises Sales Outlook as Consumers Keep Spending Despite Price Hikes
(DBN)

Inflation: Seven reasons why the cost of living is going up around the world
(DBN)

BofA Gets Boost From Loans as Consumers Start Borrowing Again
(DBN)

Boomers don't have nearly enough retirement savings, especially women
(DBN)

Carhartt CEO says an unvaccinated workforce is a ‘risk that our company is unwilling to take’
(DBN)

More than 100 millionaires signed an open letter asking to be taxed more heavily
(DBN)

Millions of kids could fall into poverty following end of tax credit payments, study says Without child tax credit payments, January child poverty rate could increase up to 17 percent
(DBN)

The 10 fastest-growing jobs in the U.S.—some pay over $100,000 a year
(DBN)

Khan pushes earlier and more aggressive rules against anti-monopoly behavior
(DBN)

Reopening schools helped mothers with school-age children get back to work. So what happened to their male partners?
(DBN)

N.J. Mandates Boosters for Health Workers, Drops Test-Out Option
(DBN)

Texas Is Targeting Investments From Firms Focused on Electric Vehicles, Space
(DBN)

U.S.’s Port of Long Beach Moves Record Cargo Despite Logjams
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

December Housing Starts: Most Housing Units Under Construction Since 1973
(DBN)

Housing industry insider warns market 'looking into the teeth of a superstorm'
(DBN)

Student debt stifles millennial homeowners
(DBN)

Homebuyers are rushing to get mortgages before higher rates price them out
(DBN)

U.S. Housing Starts Rise Unexpectedly on Multifamily Building
(DBN)

AIA: "Architecture firms end 2021 on a strong note" in December
(DBN)

Real estate is the most ‘zombified’ sector and rate hikes will be a risk: Consultancy
(DBN)

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Municipalities:

Federal Judge Signs Plan to Resolve Puerto Rico's Bankruptcy in a Record-Setting Move
(DBN)

‘In a muni bankruptcy, the same entity emerges, and the same issues’: Puerto Rico exits bankruptcy with questions remaining
(DBN)

How close is Puerto Rico to ending its bankruptcy? Here are 3 things to know
(DBN)

A judge signs a deal to allow Puerto Rico to start emerging from bankruptcy
(DBN)

Observers applaud Puerto Rico debt deal, while underlying concerns remain
(DBN)

Puerto Rico exits bankruptcy after U.S. judge approves multibillion-dollar restructuring plan
(DBN)

A First for New York: Balanced Budgets for the Next Five Years
(DBN)

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Oil/Gas:

Treatment of Midstream Agreements in Bankruptcy Remains Unsettled, but Limited Consensus May Be Emerging
(DBN)

Limetree Court Denies Stay Pending Appeal of Order Approving 363 Sale
(DBN)

Oil refining capacity fell for first time in 30 years in 2021, IEA says
(DBN)

IEA Turns Bullish On Oil, Raises Demand Growth Forecast
(DBN)

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Student Debt:

I’m living out of my car until I start work, and even then I will only make $41K a year. But I owe $189K in student loans. What should I do?
(DBN)

30,000 union workers call on Biden to cancel all student debt: 'We are wanting to let him know that unions have demands on him'
(DBN)

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Cruise Lines:

Crystal Cruises Temporarily Suspends Operations After Fall of Parent Company
(DBN)

Genting Files for Bankruptcy, What’s Next for its Cruise Brands?
(DBN)

'Turning into a nightmare': Norwegian cancels sailing mid-cruise, passengers to be stuck on board for days
(DBN)

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Debt Exchange:

Unhappy Lenders Challenge Aggressive Debt Exchanges
(DBN)

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Corporate Governance:

17th Annual Review of Key Delaware Corporate and Commercial Decisions
(DBN)

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Personal Finance:

How Much You'll Need for Retirement
(DBN)

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Tax:

Tax season nightmare ahead for understaffed IRS
(DBN)

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Sports:

NBC Won't Send Announcers to Winter Games
(DBN)

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Utilities:

With winter weather approaching, pipeline company threatens to cut off gas supply to Texas’ biggest power generator
(DBN)

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Trucking:

Trucking Industry at Edge of Cliff
(DBN)

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Distressed Investing:

Junk Debt Is Poised for Worst Month Since the Early Days of the Pandemic
(DBN)

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Politics:

A month after Manchin tanked Biden's agenda, the White House says it will restart negotiations with him 'directly and privately'
(DBN)

More Than a Third of the Country Gives Biden an ‘F’ for His First Year in Office, Just 11 Percent Give Him an ‘A’
(DBN)

White House to Dems: Tout the $2.4T you got passed, ignore the infighting
(DBN)

First look: Biden's Year One turnover
(DBN)

Biden: The GOP epiphany I predicted didn't come
(DBN)

EMILY’s List, NARAL Threaten to Drop Support of Senator Sinema Over Voting Rights More Dem groups threaten to reverse their Sinema support
(DBN)

Raw Senate debate in fight to end voting bill filibuster Why Schumer picked a filibuster fight he couldn't win
(DBN)

Dems barrel toward showdown over changing Senate rules — and failure Democrats’ voting rights debacle Senate to vote on doomed voting rights bills, filibuster changes Senate Republicans block voting rights bills, join with two Democrats to prevent filibuster change
(DBN)

Biden's report card looks a lot like Trump's
(DBN)

Biden says nation weary from COVID, but US in a better place
(DBN)

More than two-thirds of voters say US on wrong track one year into Biden presidency: poll
(DBN)

Trump Ally Pushes to Banish Cheney From House GOP Party
(DBN)

DeSantis courts conservative influencers as Trump feud grows stronger
(DBN)

Democrats make final plea for voting rights ahead of filibuster showdown
(DBN)

Dan Crenshaw Withers Under Questioning From Young Woman, Gets Booed at Conservative Event
(DBN)

U.S. foe or specific weapon not behind sustained, global campaign causing ‘Havana Syndrome,’ CIA finds
(DBN)

Is America Ungovernable?
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (4 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)

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Bankruptcy Statistics:

Expansive Stimulus and Monetary Policy Helped Limit Restructurings, but Debt Maturities Loom
(DBN)

Stimulus prevented a global flood of post-COVID insolvencies; bankruptcy reforms remain urgent
(DBN)

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Third Party Releases:

Shock Purdue Pharma Ruling Spreads to Former Ann Taylor Owner's Bankruptcy
(DBN)

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Make-Whole:

Recent Delaware Bankruptcy Rulings Address Whether a Plan of Reorganization Can Deny a ‘Make-Whole’ Payment Without Impairing Lenders’ Claims
(DBN)

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Advisors:

Racketeering Lawsuit Against McKinsey Revived by U.S. Appeals Court US appeals court reinstates racketeering claim against McKinsey
(DBN)

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Seminars:

Behind the Bench - Off-roading: Behind the Scenes of the Automotive Distress Cases Unseen from the Pavement
(DBN)

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Aviation:

Helicopter company in Menominee files for bankruptcy, announces closure
(DBN)

American Air Flight Attendants Want More Masking, Less Drinking
(DBN)

American Airlines loss narrows on strong holiday travel demand American Airlines posts slightly higher revenue, narrower loss than expected
(DBN)

College student only passenger on international flight
(DBN)

FAA Clears 62% of U.S. Fleet to Operate at Airports With 5G How Washington flew into a 5G mess
(DBN)

Attorney General Launches Graft Investigation against Garuda
(DBN)

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Retailing:

Retailers Ask U.S. Regulators to Examine Visa, Mastercard Fees
(DBN)

Escada America files for bankruptcy
(DBN)

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Celebs:

Lawyers Uncover New Bank Account In Tom Girardi’s Name, Getting Victims One Step Closer To Answers In Ongoing Bankruptcy Case!
(DBN)

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Mass Torts:

Appeals court to move quickly on Purdue Pharma opioid deal
(DBN)

J&J Baby Powder Judge Says Two Victim Panels is One Too Many
(DBN)

University of Michigan reaches $490M settlement in sex abuse case
(DBN)

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Autos:

Bank Of America Predicts Tesla Market Share Will Collapse In Next Few Years
(DBN)

____________

Education:

‘Please, Daddy, no more Zoom school.’: California leaders reject distance learning
(DBN)

New Mexico is short on substitute teachers. The governor asked the National Guard and state employees for help.
(DBN)

Missouri attorney general threatens lawsuits over school mask mandates
(DBN)

Arizona says it "will not be intimidated" by Biden on anti-mask school policies
(DBN)

Biden defends school policies, downplays recent shutdowns
(DBN)

____________

Climate:

Bill Gates, John Kerry stress ‘urgent’ need for businesses to join climate fight
(DBN)

Methane Cloud Spotted Near Oklahoma Natural Gas Pipelines
(DBN)

Citigroup Says Dropping Clients Is ‘Last Resort’ in Climate Push
(DBN)

Biden administration announces plan to confront worsening wildfires
(DBN)

Wildfire Risk in California Drives Insurers to Pull Policies for Pricey Homes
(WSJ)

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Sovereigns:

The Duty of Creditors to Cooperate in Sovereign Debt Workouts
(DBN)

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UK:

London’s Canary Wharf Locals Hit by Eyewatering Jump in Energy Bills
(DBN)

Johnson Drops Work-From-Home Guidance as Covid Cases Dwindle
(DBN)

U.K. Suffers Double-Digit Inflation for More Than 10% of Items
(DBN)

The Worst Is Yet To Come For UK Households As Energy Prices Soar
(DBN)

Ex-Brexit secretary invokes Chamberlain in calling for Johnson to resign
(DBN)

Tommy Robinson pursued by creditors for an estimated £2m
(DBN)

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EU:

Europe Is Looking Beyond Omicron Despite Wall of Infections
(DBN)

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Canada:

London Ont. small businesses closing, say COVID restrictions make it impossible to stay open
(DBN)

Canadian fashion mogul Peter Nygard denied bail over sexual assault charges
(DBN)

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Switzerland:

Swiss Extend Work-From-Home Order Through February on Omicron
(DBN)

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Italy:

Italian ‘anti-vax’ parents send children to clandestine schools over Covid-19 protocol
(DBN)

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Netherlands:

Dutch Museums Turn Into Gyms, Hair Salons to Protest Virus Curbs
(DBN)

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China:

Evergrande's offshore bondholders say to consider enforcement action
(DBN)

Beijing Covid Flareup Worsens with New Clusters at Cold Storage
(DBN)

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Brazil:

Rio de Janeiro Court of Justice ruled in favor of disregarding arbitration agreement due to bankruptcy of contracting party
(DBN)

COVID-19 infections hit new high in Brazil
(DBN)

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Australia:

Omicron Intensifies Australia Staff Squeeze as Wage Demands Rise
(DBN)

Judges reveal why Novak Djokovic had to miss Australian Open
(DBN)

Australia wouldn’t let Novak Djokovic in, but (vaccinated) backpackers are accepted with open arms
(DBN)

____________

France:

France Records More Than 430,000 New Covid Cases For Second Day
(DBN)

____________

Czech Republic:

Czechs scrap mandatory COVID-19 jabs, daily cases hit record
(DBN)

____________

Germany:

Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules
(DBN)

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Russia:

Biden suggests Russia would not be punished for a 'minor incursion' into Ukraine, prompting White House scramble to clarify
(DBN)

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MENA:

A Trustee’s First Duty: Maximizing the Value of an Insolvency Estate
(DBN)

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New Zealand:

New Zealand will not impose lockdown when omicron hits
(DBN)

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