January 26, 2022

The Daily Bankruptcy News

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Law:

Salaries Continue To Climb At This Law Firm Thanks To Milbank
(DBN)

Biglaw Salary Hike Extends To One Of The Largest Firms In The World
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The Best Biglaw Firms In The World According To Corporate Clients (2022)
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A Foolish Thing That Smart (Young) Lawyers Do
(DBN)

They Need Legal Advice on Debts. Should It Have to Come From Lawyers?
(DBN)

Nonprofit sues N.Y. AG over practice rules in bid to provide free legal advice
(DBN)

Some In-House Counsel Really Don't Like Being Called 'In-House Counsel'
(DBN)

Former Biglaw Partner Gets 3-Year Suspension For Double-Billing Scam
(DBN)

The lawyers making money behind the scenes of emerging fields like crypto, cannabis, and real estate tech
(DBN)

Check out 11 pitch decks that legal-tech startups used to raise millions
(DBN)

DOJ's China Initiative under scrutiny as cases fall apart
(DBN)

Would-be lawyers shouldn’t have to disclose arrests without conviction, NYSBA says
(DBN)

Chasing Amy (Wax)
(DBN)

Now, I'm Not Saying COVID Is A Good Thing. But It Sure Did Motivate Folks...
(DBN)

Corporate defense lawyers support federal rule changes said to help prevent ‘junk’ scientific testimony
(DBN)

Oath Keepers Plead Not Guilty to U.S. Capitol-Riot Sedition Charges CA Judge Stomps Trump Attorney John Eastman's Effort To Blow Off Jan. 6 Committee A longtime Gingrich aide got a January 6 subpoena two weeks before Newt called the committee a ‘lynch mob’ whose members could go to jail Far-right conspiracy theorist Alex Jones pleaded the 5th Amendment almost 100 times before the January 6 committee Capitol Police officer Eugene Goodman speaks publicly for first time since Jan. 6 insurrection Capitol officer Eugene Goodman: Jan. 6 could've "been a bloodbath" Former Trump aides subpoenaed by Jan. 6 committee turn to conservative defense fund for help with legal bills 'Federal B------ of Incompetence' Tweet Could Help Send U.S. Capitol Climber and Michigan State Candidate to Jail in Jan. 6 Sentencing Jan. 6 Investigators Will Face Retaliation
(DBN)

Atlanta Prosecutor Empanels 'Perfect' Grand Jury To Look Into Trump's 'Perfect' Call To Election Officials
(DBN)

2022 is shaping up to be a legal nightmare for Trumpworld. Here's a timeline of upcoming court cases and legal obstacles.
(DBN)

Federal prosecutors looking at fake elector certifications
(DBN)

Judge Rejects Bid to Dismiss Case of Men Accused of Plotting to Kidnap Michigan's Governor
(DBN)

D.C. Circuit Rejects MyPillow CEO Mike Lindell's Appeal After Judge Refuses to Throw Out Dominion's Lawsuit Mike Lindell's lawyers are dodging meetings for Dominion's defamation lawsuit and refusing to hand over discovery material, court documents show Rudy Giuliani says he can't hand over his files to Dominion for their defamation lawsuit because the FBI seized all his computers last year
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Man arrested after throwing drink at smoothie shop staffer and hurling anti-immigrant insult
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Second NYPD Officer Dies from Injuries Sustained in Fatal Apartment Ambush: Police
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Defense attorney for one of the 3 former Minneapolis officers charged in George Floyd's death said Chauvin called 'all of the shots' in the fatal police encounter
(DBN)

Legal peril for Prince Andrew puts focus on who will pay
(DBN)

Bicyclist Testifies His 'Firearm Just Went Off' When He Shot Immigration Attorney That He Claimed Called Him N-Word
(DBN)

This Silicon Valley city is poised to take a step closer to first-in-the-nation gun ownership requirements San José set to become 1st city in U.S. to require gun liability insurance
(DBN)

New York mayor pledges to rid city of gun violence
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Alec Baldwin Aims to Dismiss 'Rust' Lawsuit by Arguing Script Supervisor Got the Law Wrong and Used a 'Faulty' Russian Roulette Metaphor
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Bereaved families fight to use deceased child's sperm to be grandparents
(DBN)

Gunman opens fire in NYC ER waiting room
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White House plans expedited resettlement for Afghan refugees
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Judges:

Dozens of Federal Judges Had Conflicts
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Buyers are bidding thousands for Ruth Bader Ginsburg’s books in an online auction
(DBN)

Singapore Vies to Be Insolvency Hub With Sontchi Joining Bench
(DBN)

Judge is censured for tiff over his reserved parking spot; a cane was thrown
(DBN)

Some Trial Judges Slow Cases Over Unvaccinated Juror Concerns
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Wall Street:

Dow futures rise more than 300 points ahead of important Fed announcement
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Stocks close with losses despite another Dow rebound
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Dow slips from positive territory, U.S. stocks end lower in volatile trade as Fed kicks off policy meeting Dow futures fall 160 points after another wild ride on Wall Street, Fed meeting in focus
(DBN)

Deutsche Bank Weighs 15% Increase to Bonus Pool Amid Talent War
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Hotels:

Aloft legal strategy offers blueprint for borrowers
(DBN)

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Tech:

U.S. Commerce Dept says chips shortage to persist, will review some pricing
(DBN)

Manufacturers have less than five days' supply of some computer chips, Commerce Department says
(DBN)

House leaders unveil bill to boost chip industry, science competitiveness with China
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Autos:

Toyota to Produce Record 11 Million Cars in Fiscal 2022 if Chip Supply Stable
(DBN)

January Vehicle Sales Forecast: Increase to 15.1 million SAAR
(DBN)

Automakers shift toward reservations, altering how Americans buy cars
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Healthcare:

Axios-Ipsos poll: Omicron's big numbers
(DBN)

Another wave of death
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The next Covid variant will be more contagious than omicron, WHO says
(DBN)

Omicron wave is wakeup call about need to vaccinate the world, say Hill Democrats, experts
(DBN)

Almost Half the World Trails IMF Vaccine Targets to End Pandemic
(DBN)

Less-Severe Omicron Surge Still Threatens Hospitals, CDC Says
(DBN)

There's a new version of omicron but so far it doesn't appear to be more dangerous
(DBN)

Supply isn't our only COVID treatment problem
(DBN)

Deaths Months After Covid Point to Pandemic’s Grim Aftermath
(DBN)

DeSantis Touts Covid Treatments After FDA Says They Don’t Work
(DBN)

COVID outbreak reported on Australian aid ship bound for Tonga
(DBN)

New Orleans health chief pulls out of Mardi Gras parade, citing threats
(DBN)

Man reportedly denied heart transplant because he's not vaccinated against COVID-19
(DBN)

RFK Jr. apologizes for Anne Frank comments after backlash
(DBN)

Elton John forced to cancel Farewell Yellow Brick Road tour dates after testing positive for coronavirus
(DBN)

Health cost regulator reprimands dominant Mass. hospital system
(DBN)

Who will get long Covid? Study may offer clues
(DBN)

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Economy:

U.S. consumer confidence ebbs moderately in January
(DBN)

U.S. House panel seeks information from meat processing firms on rising prices
(DBN)

IMF cuts 2022 global growth forecast as U.S., China recovery wanes IMF Cuts 2022 World Economic-Growth Forecast to 4.4% on Weaker U.S., China Outlooks
(DBN)

Biden’s Job Approval Keeps Falling as Economic Concerns Grow
(DBN)

To secure top talent in the 'Great Resignation' businesses and their leaders must rethink company culture
(DBN)

KPMG dishes out up to $7K raises as inflation concerns linger
(DBN)

West Virginia taxpayers will pay a profitable steelmaker $1.7 billion for jobs during tightest labor market in decades
(DBN)

A judge ruled that New York's mask mandate is unconstitutional and can't be enforced Judge grants stay in NY mask mandate case, keeping it in effect pending appeal Appeals judge temporarily reinstates New York's indoor mask mandate
(DBN)

Buffett plans in-person Berkshire annual meeting as Omicron wave crests
(DBN)

BofA Brings Staff Back to Some U.S. Offices as Covid Cases Decrease
(DBN)

The small cities and towns booming from remote work
(DBN)

Hybrid work wins
(DBN)

Carhartt said vaccination remains mandatory for employees. A conservative backlash followed.
(DBN)

Biden admin withdraws temporary vaccine-or-test mandate for large employers
(DBN)

Few Employers Plan to Drop Vaccine Mandate After Supreme Court Ruling
(DBN)

Logitech says offices starting to re-equip for post-pandemic life
(DBN)

Dalio Says U.S. in Decline as China Rises, Warns of Election Risk
(DBN)

Four-day workweeks get rave reviews, but they're not catching on
(DBN)

The Mystery of How Agatha Christie Could Afford a Maid and a Nanny but Not a Car - It explains the modern world
(DBN)

US is Only the 27th Least Corrupt Country
(DBN)

Documentary: Plight of Disney Workers
(DBN)

Starbucks reversal on vaccine mandate sparks customer, barista backlash
(DBN)

American Company with the Worst Reputation
(DBN)

US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Freddie Mac: Mortgage Serious Delinquency Rate decreased in December
(DBN)

Case-Shiller: National House Price Index increased 18.8% year-over-year in November Comments on Case-Shiller and FHFA House Price Increases
(DBN)

Home prices surge as new year begins
(DBN)

Growth in U.S. Home Prices Cooled Off a Tiny Bit in November Home prices waver
(DBN)

Boston is about to overtake San Francisco as a more expensive city for renters
(DBN)

Florida rent hikes were "on another level" last year. Increases continue with no end in sight
(DBN)

As New York rental aid program ran dry, contractor boasted of '38 percent margins'
(DBN)

Lumber Sinks for Seventh Day as Lofty Prices Cancel Home Builds
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Municipalities:

These cities are poised to rebound quicker in the pandemic’s wake
(DBN)

Corporations are trying to privatize dozens of public water utilities around the US, capitalizing on the financial troubles of cities
(DBN)

2022’s Best States to Retire
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Oil/Gas:

Smells Like Lien Spirit: Texas Enacts First Purchaser Statutory Liens
(DBN)

The electric aviation market is buzzing
(DBN)

GM’s $7 billion investment intensifies EV battle with Ford, Tesla
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Food/Beverage:

Mass. restaurant owners hit hard by COVID-19 push for money to keep businesses afloat
(DBN)

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Rail:

Saratoga & North Creek Railway’s tracks up for auction
(DBN)

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Celebs:

California State Bar probes whether investigators were swayed by disgraced legal titan and RHOBH star Tom Girardi
(DBN)

RHOBH’s Erika Jayne “Claims Ownership” of Tom Girardi’s Law Firm, Wants Estate to Pay Her Legal Fees and Damages, Plus Requests Jury Trial Amid $25 Million Lawsuit
(DBN)

Erika Jayne Refusing To Hand Over $1.4 Million Diamond Earrings Bought By Ex Tom Girardi
(DBN)

Young Buck Accused of Hiding Nearly $200K from Bankruptcy Estate
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Crypto:

Bitcoin recovers from 6-month low as investors buy the dip, cosmos leads gains in altcoins
(DBN)

US crypto mining poses a supply risk to public power utilities, according to Fitch Ratings
(DBN)

Drop bitcoin as legal tender, IMF urges El Salvador He trades bitcoin naked. El Salvador is paying the price.
(DBN)

Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors
(DBN)

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Personal Finance:

Suze Orman and Dave Ramsey Have Both Given This Bad Mortgage Advice
(DBN)


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Politics:

Joe Manchin is reportedly furious at Ron Klain after the White House called him out for opposing Biden's spending plan
(DBN)

West Virginia Scores Road Funds as Manchin Controls Biden Agenda
(DBN)

Joe Manchin says Bernie Sanders is not what 'the majority of Americans represent' after Sanders hinted at Manchin getting primaried
(DBN)

Emily's List is ditching Sen. Sinema because voting rights are also women's rights
(DBN)

McConnell plots GOP midterm strategy amid Trump's primary influence
(DBN)

New Mexico Democrat tests positive for COVID-19 breakthrough case
(DBN)

Trump only 4th-most-talked-about Republican online, behind Ted Cruz and Ron DeSantis, data says
(DBN)

America can't quit polarizing politicians
(DBN)

Cooper becomes latest House Democrat to not seek reelection
(DBN)

Pelosi to Seek Re-Election
(DBN)

Music legend Neil Young gives Spotify ultimatum over Joe Rogan COVID-19 misinformation
(DBN)

Video resurfaces of Sen. John McCain asking Fox News' Peter Doocy why he would ask a 'dumb' question that was 'that stupid'
(DBN)

Republicans look to capitalize on infrastructure funding they voted against
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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 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
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Bankruptcy Statistics:

The New Pandemic Wave is Coming
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Non-Debtor Releases:

Congressional Committees Propose Changes to Bankruptcy Code Prohibiting Non-Consensual Releases of Third Parties and Limiting Other Important Bankruptcy Tools
(DBN)

Bankruptcy Grifters
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Avoidance Actions:

Fireworks in the Sky but not in Court: Bankruptcy Judge Takes a Practical Approach to the Ordinary Course of Business Defense
(DBN)

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Bankruptcy Strategy:

Breaking Deadlock: The Advantages of Using a Chapter 7 Bankruptcy Trustee as an Alternative to Seeking the Appointment of a State Court Receiver
(DBN)

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Mass Torts:

In Purdue Pharma bankruptcy settlement, OxyContin's many victims may receive nothing at all
(DBN)

Mandatory Aggregation of Mass Tort Litigation in Bankruptcy
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Boy Scouts of America: The story so far
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Miscellaneous:

Cravath Publishes Finance & Capital Markets Quarterly Review for Q4 2021
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Aviation:

FAA Provisionally Clears 90% of Aircraft to Fly Near 5G Networks
(DBN)

Boeing’s Latest Big Problem Is a Labor Shortage for Its Suppliers
(DBN)

Airbus canceled Qatar Airways's order for 50 A321 jets worth more than $6 billion as the 2 companies' dispute intensifies
(DBN)

As Aeromexico aims for bankruptcy exit, junior creditors decry reorg plan
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Cruise Lines:

A cruise line hadn't paid its bills. It diverted 700 people to the Bahamas to evade capture.
(DBN)

The fall of cruise company Genting Hong Kong, once poised to greatly benefit from China’s forecast luxury cruising boom
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Sports:

Olympians avoiding COVID at all costs ahead of Beijing Games
(DBN)

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Movie Theaters:

AMC is reportedly seeking a new debt deal as AMC apes and a hawkish Fed squeeze the meme stock
(DBN)

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Student Debt:

Student-loan companies 'didn't care' when debt loads surged for borrowers and 'became unpayable,' Elizabeth Warren says
(DBN)

‘Don’t borrow for college,’ warns Harvard-trained economist—here’s why it’s a ‘waste of money’ and ‘far too risky’
(DBN)

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Nursing Homes:

2 found dead, 2 in critical condition at North Carolina nursing home with 98 patients and almost no staff
(DBN)

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Education:

New York Schools Grapple With Mask Mandates After Legal Ruling
(DBN)

Virginia's new Republican governor, who banned critical race theory in schools, is launching a tip line for parents to report their kids' teachers
(DBN)

Utah school district sued by teacher who reported sexual harassment among students
(DBN)

Ending college affirmative action could have ripple effect for Black, Latino students
(DBN)

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Climate:

Climate change fueled 3rd costliest losses ever in 2021 — less than half of that property was insured
(DBN)

Europe Forced to Rely on Expensive, Dirty Coal to Keep Lights On
(DBN)

Bomb cyclone could bring crippling winter weather across the Northeast and Mid-Atlantic
(DBN)

McKinsey calculates massive capital spending required to reach net-zero by 2050
(DBN)

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Solar:

Proposed California rule would cut its solar market in half by 2024: study
(DBN)

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Retailing:

A more than $761 billion dilemma: Returns jump as retailers’ online sales grow
(DBN)

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Sovereigns:

IMF Hopes for Progress Soon in Talks With Argentina
(DBN)

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UK:

U.K. Set for Fastest Growth in G-7 for a Second Year, IMF Says
(DBN)

The Partygate Scandal: What Boris Johnson Has Said So Far Boris Johnson 'had lockdown birthday party' when indoor social gatherings were banned MPs mock minister's defense of Boris Johnson being 'ambushed by cake' amid partygate scandal
(DBN)

U.K. Pig Crisis Deepens as Worker Shortages Fuel Growing Backlog
(DBN)

The Wolseley Restaurant Owners Fight Axa Over Covid Loss Claims
(DBN)

Brexit Leaving Brits Stranded in EU
(DBN)

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France:

France Reports More Than 500,000 Covid Cases as Rules Set to Ease
(DBN)

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Netherlands:

Netherlands Reopens Restaurants and Bars Despite Record Virus Cases
(DBN)

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Russia:

U.S. Treasury’s No. 2 Official Says Russia Sanctions ‘At the Ready’ A rift is emerging between US-UK and their allies on how soon Russia could invade Ukraine Kyiv mayor accuses Germany of betraying Ukraine after it refused to send weapons Where Is Germany in the Ukraine Standoff? Its Allies Wonder. Biden: "There is not going to be any American forces moving into Ukraine" The US says it won't fight for Ukraine if Putin invades, but it could still get pulled into a conflict with Russia, experts warn Russia Steps Up Propaganda War Amid Tensions With Ukraine What Happens if Russia Cuts Off Europe’s Natural Gas? White House: Russian invasion of Ukraine remains 'imminent' Acting U.S. ambassador to Ukraine: Embassy families evacuated out of 'abundance of caution' What Putin Wants in Ukraine Standoff U.S. allies are stepping up to counter Russia's Ukraine threats — with a notable exception
(DBN)

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Kazakhstan:

Lie Detector Tests to Follow Purges at $69 Billion Kazakh Fund
(DBN)

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India:

Understanding Moratorium under the Insolvency and Bankruptcy Code, 2016 and its Effect on Arbitration Proceedings
(DBN)

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MENA:

LGBTQ Afghans face surge of rape, torture after Taliban takeover, report says
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