January 25, 2022

The Daily Bankruptcy News

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Law:

'RHOBH' Star Erika Jayne's Husband Denied Discharge In Bankruptcy Court, Creditors Free To Go After Disbarred Lawyer
(DBN)

Another Biglaw Firm Is Showing Associates The Milbank Money
(DBN)

Baker McKenzie Matches Associate Salaries Starting at $215,000
(DBN)

This Biglaw Firm Is Handing Out Up To $25K To Former Lawyers Who Refer New Associates
(DBN)

Top Firm Gets On Board With $215K Associate Compensation Scale
(DBN)

Top 5 Biglaw Firm Makes It Rain On Associates With $215K Milbank Salary Match
(DBN)

Top 50 Biglaw Firm Rewards Its Hardest Workers With Special Bonus Money
(DBN)

Biglaw Firm Offers Super-High Bonuses For Super-High Billables
(DBN)

Nelson Mullins adds 52 lawyers from midsize firm, expands product liability practice
(DBN)

Biglaw Firm To Pick Up The Tab For Your Next Vacay
(DBN)

The Need For Public Defenders Is Getting Pretty Dire
(DBN)

Law School Ethics Becomes ‘Real,’ Tackles Covid, Social Justice
(DBN)

Eversheds Sutherland Expands in New York with Renowned Bankruptcy, Restructuring and Insurance Insolvency Partner Peter Ivanick and Counsel Lynn Holbert
(DBN)

Law School Tells Sick Student They Should Go To The Back Of The Classroom
(DBN)

The Lament Of The Vaccinated
(DBN)

Former Vedder Price shareholder gets 3-year suspension for double billing, false expense requests
(DBN)

Saul Ewing Names New Leader St. John Who Embraces Hybrid Work
(DBN)

Serial murders, beatings and beheadings: violence against the homeless is increasing, advocates say
(DBN)

Opening statements to begin in federal trial over George Floyd's killing • How Derek Chauvin Could Send His Fellow Cops to Prison • Prosecutor: 3 officers stood by as Chauvin killed Floyd
(DBN)

Capitol rioter asks court for lenient sentence, arguing that he already suffered by losing work, access to Airbnb, and his TSA precheck status • Matt Gaetz Backs Newt Gingrich’s Threat to Punish Jan. 6 Investigators • Cheney hits Gingrich for saying Jan. 6 panel members may be jailed • Brandon Straka, MAGA Influencer and Trump Ally, Gets 3 Years Probation for Jan. 6 • D.C. Circuit Upholds Detention Order for Jan. 6 Defendant Pizzeria Owner Who Told Judge 'I Am Not a Person'
(DBN)

Court approves special grand jury for Atlanta district attorney's Trump election probe • Judge Grants Special Grand Jury Probe into Trump's Attempts to Overturn Georgia Election Results
(DBN)

Are the legal walls closing in on Donald Trump?
(DBN)

66% See Right Wing Militias as Threat
(DBN)

Start the Steal: New MAGA Emails Reveal Plot to Hand Arizona to Trump
(DBN)

WikiLeaks founder Julian Assange can appeal decision to extradite him to U.S., Britain's Supreme Court says
(DBN)

A felony warrant sought a White man. Instead, police arrested a Black man with a similar name, a lawsuit says.
(DBN)

Police investigate antisemitic fliers left at hundreds of South Florida homes overnight
(DBN)

Virginia's new AG removes 2 lawyers at public universities
(DBN)

Virginia AG urges Supreme Court to overturn Roe v. Wade
(DBN)

Supreme Court to Weigh Curbs on Clean Water Act, Pitting Property Rights Against Wetlands
(DBN)

Supreme Court to Weigh Banning Use of Race in College Admissions • Supreme Court agrees to hear challenge to affirmative action at Harvard, UNC • The Supreme Court will hear two cases that are likely to end affirmative action • Race-based university admission policies to face Supreme Court review
(DBN)

SCOTUS Rules Unanimously to Resurrect Lawsuit Against Northwestern University for Alleged Mismanagement of Employee Retirement Accounts
(DBN)

‘Desperate’ Michael Avenatti Swindled Stormy Daniels Out of $300K, Prosecutors Argue • 'A Lawyer Who Stole from His Client': Prosecutors Accuse Michael Avenatti of Defrauding Stormy Daniels as Third Criminal Trial Begins
(DBN)

‘Unvaccinated’ Sarah Palin positive for Covid before Times defamation trial
(DBN)

Bank of America Ousts Adviser Over Racially Charged Tirade at Smoothie Shop • 'F------ Immigrant Loser': Connecticut Man Allegedly Threw Smoothie at Employees During Racist Tirade After Son's Allergic Reaction
(DBN)

Two men propped up a dead man's body and brought it to a post office to try and collect his pension
(DBN)

Lesbian Sues U.S. Army and Air Force Over Boss’ Demand She Grow Her Hair and Wear Makeup
(DBN)

Another delay for ex-deep-sea treasure hunter stuck in jail
(DBN)

A Florida woman thought she was divorced. She didn’t know her attorney was a forger
(DBN)

Teen Brothers Beat Stepfather to Death Using Brass Knuckles for Alleged Sexual Abuse of Their Sister, His Daughter: Police
(DBN)

Woman Gets Child Abuse and Drug Charges After Police Allegedly Find 34,000 'Lethal Doses' of Fentanyl Hidden in Baby's Crib and 'Patterned Bruising' on Older Boy
(DBN)

Fired Elementary School Teacher Sentenced for Molesting 20 Young Children
(DBN)

______________

Judges:

Clarence Thomas' wife spoke at a conservative conference featuring the founder of the Oath Keepers, a far-right militia group involved in the Capitol riot
(DBN)

Judge Refuses COVID Vaccine, Gets Banned From Courthouse... Shows Up Anyway, Without A Mask
(DBN)

Epic Benchslap: University Of Florida Gets Spanked In Effort To Gag Professors Testifying Against State
(DBN)

Dissenting judge cites teen’s GPA and poor grammar to support need for parental consent for abortion
(DBN)

9th Circuit judge writes opinions for and against constitutionality of pandemic gun-store closings
(DBN)

Judge’s Firing Upheld for Remarks in Sex Harassment-Related Case
(DBN)

______________

Wall Street:

S&P 500 futures slide by more than 1% as market’s wild ride continues
(DBN)

US stocks stage blazing comeback, finish in positive territory after Dow sell-off that reached 1,115 points • Market Has Never Plunged 10% This Fast to Start Year • Strategists Predict Trouble After Massive U-Turn
(DBN)

‘No signs of panic’ by Corporate America’s debt investors, even with stock market turbulence
(DBN)

S&P 500 falls into correction as stock market rout continues
(DBN)

The stock market's fear gauge spikes 30% to the highest in more than a year as investors' rush out of equities 'turns into a stampede'
(DBN)

As markets churn, battered investors brace for Fed meeting
(DBN)

Rate-Hike Bets Show Traders Doubt Fed Will Ride to Rescue on Equities
(DBN)

Morgan Stanley Says ‘Winter Is Here’ for Stocks
(DBN)

More than one-third of S&P 500 stocks are more than 20% below their 52-week highs
(DBN)

AMC stock sinks to extend losing streak, GameStop stock resumes selloff
(DBN)

Wharton professor Jeremy Siegel says there is 'more pain to come' for stocks as the bottom is likely still months away
(DBN)

S&P 500 on track for worst-ever start to year
(DBN)

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Layoffs:

Impossible Foods Dismisses Some Employees in Reorganization
(DBN)

Marmite maker Unilever to cut 1,500 jobs worldwide
(DBN)

Union Pacific Train Thefts Started Right Around The Time It Laid Off Thousands Of Workers
(DBN)

Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign
(DBN)

______________

Retailing:

Kohl’s Soars as Retailer Fields Interest From Two Suitors • Kohl’s soars after takeover offer, but skeptical analysts question the retailer’s real estate value
(DBN)

Macy's, Nordstrom shares move higher after report of Kohl's takeover offer
(DBN)

Will Omicron Derail Recovery Of World’s Most Expensive High Street?
(DBN)

Consumers accuse small retailers of price gouging on Covid tests
(DBN)

____________

Distressed Investing:

Sculptor’s Credit Fund Nets 17% on Restructuring and Mortgage Bets
(DBN)

____________

Agribusiness:

Black Texas farmers were finally on track to get federal aid, but the state’s agriculture commissioner is helping to stop it
(DBN)

____________

Sports:

As Cases Mount, China Eases Olympics Covid Testing Standards
(DBN)

____________


Economy:

U.S. consumers expect spending growth but fewer splurges on non-essentials • Inflation Forces U.S. Families to Spend More on Essential Items
(DBN)

As inflation soars, a look at what’s inside the Consumer Price Index
(DBN)

McKinsey: fundamental transformation of global economy needed for net zero
(DBN)

Business Activity in U.S. Nearly Stalled in Early January on Omicron Infections • U.S. economy hits the brakes in January during omicron wave, Markit surveys show • Omicron shut down the economic recovery in January, sending private-sector growth to its weakest level since July 2020
(DBN)

Fed could resort to outright asset sales to reduce balance sheet - Credit Suisse
(DBN)

Red-Hot Inflation Grips Pockets of U.S. Midwest and South With Rates Over 9%
(DBN)

Goldman: It’s tough to sustain 5% to 6% wage gains without driving up inflation
(DBN)

Low- and middle-income earners stand to take the brunt of inflation—here’s what that really means
(DBN)

The Fed's inflation fight ignites interest rate debate
(DBN)

Six High Frequency Indicators for the Economy
(DBN)

5 reasons more millennials are choosing not to have children
(DBN)

When the superbubble bursts
(DBN)

One-Third of People Have $100 or Less in Their Checking Accounts, Survey Shows — Here’s How Much Experts Say You Should Actually Have
(DBN)

Psaki says Biden doesn't look at the stock market to judge how well the economy is doing, unlike Trump
(DBN)

Study: Cash aid to poor mothers improved babies' brain functioning
(DBN)

These 4 states have fully regained the jobs lost during the pandemic
(DBN)

Fed’s Policy Pivot May Prove Late and Abrupt, Critics Fret
(DBN)

The Federal Reserve is likely to signal a March rate hike
(DBN)

The Fed Is Playing with Fire
(DBN)

Fed may try to calm frazzled nerves
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Inventory January 24th Update: Inventory Down 2.4% Week-over-week; New Record Low
(DBN)

Freddie Mac Sees Rates Remaining Below 4 Percent Over its Forecast Horizon
(DBN)

____________

Municipalities:

Puerto Rico's new bankruptcy plan does nothing for most of the island
(DBN)

____________

Oil/Gas:

Oil Market Runs Out of Bears in Surge to the Brink of $90
(DBN)

Inflation Could Push Oil Supply Into The Danger Zone
(DBN)

Saudi Aramco Says Oil Demand’s Nearing Pre-Pandemic Levels
(DBN)

Ford to halt orders for hybrid pickup Maverick, overwhelming demand
(DBN)

Aerial surveys detect dozens of methane 'super-emitters' in Permian
(DBN)

Price Of Oil Fuels Inflation, But Shows Economy Is Bouncing Back
(DBN)

____________

Religion:

Pope Benedict XVI corrects earlier statement, admits to presence at 1980 meeting to discuss abusive priest • Ex-Pope Benedict admits to false testimony in German sex abuse case
(DBN)

Long before Colleyville synagogue standoff, Texas houses of worship were preparing for violent attacks
(DBN)

____________

Transit:

All of New York City’s Subway Lines Are Running Again as Labor Shortages Ease
(DBN)

____________

Crypto:

Crypto market shrinks after another $350 billion gets wiped out over the weekend, with bitcoin at a 6-month low
(DBN)

$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lows
(DBN)

Ex-Goldman CEO Lloyd Blankfein says ‘crypto is happening’ despite plunge in digital assets
(DBN)

____________

Food/Beverage:

National Restaurant Association asks Congress for aid as omicron hits industry
(DBN)

Fast-food value meals return to menus, but the deals aren’t as cheap
(DBN)

The owner of a Chicago meat supplier says he has up to $30,000 worth of meat piling up in his freezers as COVID-19 kills restaurant demand, report says
(DBN)

____________

Climate:

The push to get banks to consider climate-related risk
(DBN)

Lufthansa, Air France join forces against EU's climate plans for aviation
(DBN)

Shell’s carbon capture plant in Canada emits more than it captures, study says
(DBN)

____________

Cruise Lines:

Man describes Crystal Cruises ship being diverted from Miami, everyone taken off, after arrest warrant issued for unpaid fuel
(DBN)

____________

Student Debt:

PSLF update
(DBN)

Waves of borrowers in the federal Public Service Loan Forgiveness program are seeing their debts go to zero
(DBN)

Report estimates that 2.6 million student loan borrowers would be eligible for bankruptcy discharge
(DBN)

Schools that give private student loans using 'illegal practices' are facing a crackdown from Biden's top consumer watchdog
(DBN)

Do you have student debt? Here are ways to get loan forgiveness under new federal rules
(DBN)

Elizabeth Warren says $20,000 in student loan debt 'might as well be $20 million' for people who are working at minimum wage
(DBN)

____________

Banking:

Credit Suisse issues fourth-quarter profit warning as legal costs rise
(DBN)

____________

Healthcare:

Omicron dashboard
(DBN)

State of Affairs: Jan 24
(DBN)

Florida COVID-19 deaths rise for second week in a row as omicron wave recedes
(DBN)

Health care workers hit new breaking point
(DBN)

FDA expected to sharply restrict use of two monoclonal antibodies, spurring a halt in federal shipments of the covid-19 treatments
(DBN)

Fauci says he is 'as confident as you can be' that the US will soon reach its peak in Omicron cases
(DBN)

Scientists are closely watching an Omicron subtype spreading in Denmark, the UK, Singapore and India
(DBN)

Here's how long people with COVID-19 may remain contagious, according to the best available data
(DBN)

Covid patient dies at a hospital weeks after his wife sued another to keep him on a ventilator
(DBN)

WHO Is Set Up to Fail Without More Funds, Director Warns
(DBN)

FBI searches Center for COVID Control headquarters amid probes into multimillion-dollar testing business
(DBN)

‘I’m a Full Anti-Vaxxer Now’: How the Conspiracists Are Winning Over Fresh Converts
(DBN)

Eric Clapton claims people vaccinated against COVID-19 are under ‘hypnosis’
(DBN)

Hope seen once the omicron wave increases global immunity
(DBN)

Legislatures move to limit governor powers after pandemic
(DBN)

New York judge rules state's face mask mandate is unconstitutional
(DBN)

Study finds high levels of omicron-fighting antibodies four months after Pfizer booster
(DBN)

95% of Covid Deaths at Parkland are Unvaccinated
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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:

Bankruptcy Rates by Race
(DBN)

______________

Bar Dates:

The Bar Date Notice: Two Recent Cases Show Us There May Be More (Yes, More!) To Learn When It Comes to Providing Notice of a Debtor’s Bar Date
(DBN)

____________

D&O:

The Year in Review: 2021 Key D&O Insurance Coverage Decisions
(DBN)

____________

Aviation:

Enstrom Helicopter Files for Bankruptcy After 64-Year Run
(DBN)

No, you can't help yourself to business-class: United flight diverted after passengers self-upgrade
(DBN)

U.K. to End Covid Testing for Vaccinated Travelers
(DBN)

____________

Celebs:

'RHOBH' Star Erika Jayne Demanding Damages In Tom Girardi's Bankruptcy
(DBN

____________

Education:

Graduation rates dip across US as pandemic stalls progress
(DBN)

Bay Area college athletes, promised Silicon Valley deals, are selling their brands for quilts and coffee
(DBN)

Youngkin's mask-optional order divides Virginia schools and parents, threatening chaos
(DBN)

Wealthy Teens Tout Test Results Colleges No Longer Require
(DBN)

All California schoolchildren must be vaccinated against COVID-19 under new bill
(DBN)

Texas Teachers are Quitting More Often
(DBN)

Black lawmakers walk out as Mississippi Senate passes legislation described as a critical race theory bill
(DBN)

____________

Mass Torts:

Johnson & Johnson Stock: Spinning Off Its Litigations And Bankruptcy
(DBN)

____________

Fitness:

Peloton’s big whoops
(DBN)

Planet Fitness borrows in a big bet on life returning to normal
(DBN)

____________

Politics:

Trump is losing to Trumpism
(DBN)

Biden approval rating hits new low: poll
(DBN)

Biden, Democrats losing ground with independent and suburban voters: poll
(DBN)

Poll: Trump leads 2024 Republican field with DeSantis in distant second
(DBN)

Federal judges reject Alabama's congressional map
(DBN)

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic • Fox News reporter says Biden called him after 'son of a b----' remark
(DBN)

Democrat says Tucker Carlson viewers telling his office US should side with Russia
(DBN)

Aaron Rodgers Rips Joe Biden And 'Fake White House' In Anti-Vax Rant
(DBN)

House GOP Leader McCarthy Is Rejected by U.S. Supreme Court Over Proxy Voting
(DBN)

Statue of Spanish explorer toppled in Puerto Rico ahead of king's visit
(DBN)

Florida Congresswoman Gets Sworn In to Seat After Winning Special Election By a Landslide, But Republican Opponent Still Won’t Concede
(DBN)

Democrats make surprising inroads in redistricting fight
(DBN)

Five Democrats the left plans to target
(DBN)

Democrats say change to filibuster just a matter of time
(DBN)

Biden's year two won't be about bipartisanship
(DBN)

Lawmakers call on Pelosi, McCarthy to bring stock trading ban to the floor
(DBN)

Poll: 30 percent of Americans say they approve of the job Congress is doing
(DBN)

____________

Coal:

Alabama coalminers on strike for 10 months vow not to be ‘starved out’
(DBN)

____________

Sovereigns:

IMF to meet with Chad's creditors by end of January, spokesperson says
(DBN)

____________

UK:

UK's Amigo says CFO Mike Corcoran to step down
(DBN)

Does your UK businesses have a Plan A, when Plan B ends?
(DBN)

U.K. Profit Warnings Surge Amid Supply Chain Snarl-Ups, EY Says
(DBN)

London Gets Back to the Office, But Bankers Drag Their Heels
(DBN)

U.K. Services Firms Hike Prices as Material Costs, Wages Climb
(DBN)

Boris Johnson Refuses to Rule Out Plan to Increase U.K. Taxes in April
(DBN)

Boris Johnson had birthday bash during lockdown, ITV News
(DBN)

London police to investigate alleged Downing Street lockdown parties
(DBN)

Brexit Leaving Brits Stranded in EU
(DBN)

____________

EU:

Euro zone recovery stumbled in Jan as Omicron hit services -PMI
(DBN)

Europe Sees Migration Rebounding to Pre-Pandemic Levels
(DBN)

ECB Wipes 45% Off Home Prices in Harshest Bank Climate Test
(DBN)

____________

Canada:

Many Canadians 'coping or struggling' during pandemic: Survey
(DBN)

____________

Russia:

Analysis: Crisis in Ukraine a showdown of two world views • Biden considers sending up to 5,000 troops to Eastern Europe as Russia threatens the region with a new war • Pentagon: 8,500 troops on high alert for possible deployment to eastern Europe • Biden Weighs Deploying Thousands of Troops to Eastern Europe and Baltics • U.S. threatens use of novel export control to damage Russia's strategic industries if Moscow invades Ukraine • A divided Europe confronts Russia with conflicting goals on • Ukraine • US and UK order diplomat families to leave and warn citizens to avoid Ukraine as war with Russia looms • Europe's energy reliance on Russia is a crucial shield for Putin • Goldman Says Russia Conflict Could Curb Gas Flows Indefinitely • NATO outlines ‘deterrence’ plan as tensions with Russia soar • Biden rushes to pressure Russia as Ukraine fears intensify • Senators huddle on Russia sanctions as tensions escalate • Biden touts 'total unanimity' with European leaders after call on Russia-Ukraine
(DBN)

____________

China:

Evergrande Seeks More Time From Offshore Investors on Repayment • China Evergrande Shares Jump After Appointment of State Official to Board
(DBN)

Nasdaq-Listed Apartment Platform Qingke Enters Bankruptcy in Shanghai
(DBN)

The internet helped a Chinese teenager find the parents who sold him as a baby. When they rejected him, he took his own life.
(DBN)

____________

France:

France bars unvaccinated from restaurants, sports venues
(DBN)

____________

Mexico:

Mexico Inflation Slows Less Than Expected on Core Price Woes
(DBN)

____________

MENA:

Fourth Shot Gives Protection From Covid Infection, Israel Says
(DBN)

____________

India:

India's Future launches court challenge to avoid insolvency
(DBN)

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