January 5, 2022

The Daily Bankruptcy News

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Law:

Top 10 Biglaw Firm Finally Announces Bonuses, With Extra Money On Top For High Billers
(DBN)

The Big Bank Decision That'll Spur Work-From-Home Orders At Biglaw Firms
(DBN)

Davis Polk Names New Bankruptcy Counsel
(DBN)

Sullivan & Cromwell Goes In A New Direction With Leadership Appointment
(DBN)

As Omicron Spikes, States Roll Dice With In-Person Bar Exams
(DBN)

Penn Law professor said that the US is 'better off with fewer Asians' because they support Democrats
(DBN)

Federal Court Won't Dismiss Suit Accusing University of Florida of Silencing Professors Critical of Republican Voting Restrictions
(DBN)

Jan. 6 committee to request Sean Hannity's cooperation • Sean Hannity tried to dissuade Trump from Jan. 6 strategy, texts show • Over 1,000 Public Officials Tried to Aid Trump • Trump 'needs to be in prison' for Jan. 6 riot, says partner of fallen Capitol Police officer Brian Sicknick • As Jan. 6 anniversary approaches, fear, disbelief and anger still felt in Capitol Hill neighborhood • Facebook groups topped 10,000 daily attacks on election before Jan. 6, analysis shows • Pennsylvania Man Who Was 19 When He Stormed the Capitol on Jan. 6 Gets 14 Days Behind Bars • Capitol riot investigator who launched probe details why bringing rioters to justice continues a year later: "There was no roadmap" • What the Jan. 6 responders found: Brotherhood in trauma and a search for accountability • Jan. 6 committee seeking phone records from Sebastian Gorka • Capitol Police Suing Trump • Rioter Admits Lying to the FBI • Recalling Jan. 6: A national day of infamy, half remembered • We Know Exactly Who the Jan. 6 Rioters Were • ‘We were trapped’: Trauma of Jan. 6 lingers for lawmakers • Texas Woman Who Bragged About Her ‘White Skin’ and Pleaded Guilty to Storming the Capitol Complains About Being Called ‘Insurrection Barbie’ • Oath Keepers Sue Jan. 6 Committee Over Subpoena for Cell Phone Records
(DBN)

Trump cancels event planned for anniversary of Jan. 6 Capitol riot • Trump cancels Jan. 6 event amid GOP complaints
(DBN)

Navarro Delivered Election Lies to GOP
(DBN)

Ghislaine Maxwell juror who is a survivor of sexual abuse says sharing his own story helped other jurors believe Maxwell's victims
(DBN)

Will just-released 2009 Jeffrey Epstein settlement with accuser bail out Prince Andrew? • Judge in Prince Andrew sex abuse case grills his defense, saying there's no debate about what 'involuntary sexual intercourse' means • 'Not a Dog That’s Going to Hunt': Judge Appears Skeptical of Prince Andrew's Attempt to Dismiss Suit Accusing Him of Sexually Abusing a 17-Year-Old • Legal experts see good news for Prince Andrew in Virginia Giuffre's newly unsealed deal with Jeffrey Epstein. But the royal isn't out of the woods yet • Prince Andrew ‘not entitled’ to bring up accuser’s $500k Jeffrey Epstein deal in court • Judge expects to make decision on motion to dismiss lawsuit against Prince Andrew soon
(DBN)

Navy blocked from acting against 35 COVID vaccine refusers
(DBN)

Texas Governor Abbott Sues U.S. in Challenge to National Guard Vaccines
(DBN)

Texas' 6-Week Abortion Ban Threatens Every Constitutional Right
(DBN)

Police in New Hampshire are looking for a 7-year-old girl reported missing two years after she was last seen
(DBN)

'It's a Horrific, Depraved Condition': Judge Sentences Mom Who Admitted Causing Daughter’s Death in Munchausen by Proxy Case
(DBN)

Killer Gets Maximum Sentence for Murdering 3-Year-Old. He Claimed the Girl's Injuries Resulted From a 'Misthrow.'
(DBN)

You Asked The Potential Jurors What? And Still Let Them Sit?
(DBN)

Unemployed Son Mooched Off Parents He Killed and Dismembered, Claimed to Be College Student Who Got Job at SpaceX: Prosecutor
(DBN)

Man free after 37 years due to ‘sex for lies’ false witness
(DBN)

Governor to pardon Plessy, of ‘separate but equal’ ruling
(DBN)

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Judges:

BK MD AL Delays Return To Live Hearings
(DBN)

Federal appeals courts go remote amid COVID-19 surge
(DBN)

Chief Justice Roberts tasks judiciary with addressing three areas in year-end report
(DBN)

Racial and ethnic justice cases reveal ideological rift in the courts
(DBN)

For Sale: Ruth Bader Ginsburg's Private Library
(DBN)

High court won’t say whether justices have received booster • Supreme Court Says All Justices Have Received Booster Shots
(DBN)

One of America’s most partisan judges just gave Navy SEALs permission to defy a direct order
(DBN)

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Wall Street:

Stock futures little changed after the Dow notches a record close
(DBN)

Stocks will rally in 2022 even as US interest rates hit 2%, Wharton professor Jeremy Siegel says
(DBN)

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Layoffs:

Robots filling in staffing shortages at some hotels with no tips expected
(DBN)

Deere to Bring Fully Autonomous Tractor to Market This Year
(DBN)

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Utilities:

PG&E blamed for massive Northern California wildfire
(DBN)

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Corporate Reform:

Wall Street Braces for More Rules With Trump-Era FDIC Chief Gone
(DBN)

____________

Personal Finance:

HR expert Liz Ryan has 4 tricks to nail your response when asked, 'Why should we hire you?'
(DBN)

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Politics:

Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden's election victory, a report says
(DBN)

Manchin Warns Democrats Gutting Filibuster Could Come Back ‘at You Pretty Hard’
(DBN)

Corporations Resume Political Contributions After Jan. 6 Pause
(DBN)

Rep. Brenda Lawrence becomes 25th House Democrat to retire
(DBN)

GOP sees ‘huge red wave’ potential by targeting critical race theory
(DBN)

GOP governors play down Omicron 'hysteria' while also asking for help
(DBN)

Republicans Are Moving Rapidly to Cement Minority Rule. Blame the Constitution.
(DBN)

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Economy:

A record 4.5 million workers quit or changed jobs in November
(DBN)

Have Covid? You can’t get unemployment benefits
(DBN)

Fed’s Kashkari says inflation has risen higher, and lasted longer, than he expected • Kashkari Sees 2022 Fed Rate Hikes to Counter Inflation Risk
(DBN)

U.S. manufacturing activity moderates in December; supply constraints ebbing-ISM • U.S. manufacturers grow at slowest pace in 11 months — and they’re now bracing for omicron
(DBN)

Inflation Shows Signs of Cooling in U.S. Manufacturing Data
(DBN)

‘The slowdown in job openings is a natural response to the pandemic worsening.’ But one industry suffered more than others
(DBN)

‘Firms not offering this are missing out’: Offering hybrid home/office work is equivalent to a 10% pay rise, Stanford economist says
(DBN)

3 ways remote work could remake America
(DBN)

Remote Work for High-Paying Jobs to Pick Up This Year, Ladders Says
(DBN)

AmEx Postpones Return to U.S. Offices as Omicron Variant Spreads
(DBN)

NYC Mayor Eric Adams to big banks: We need you back in the office
(DBN)

New York’s battered economy could struggle for years to come.
(DBN)

Retail Industry Sticks to In-Person NYC Event as Covid Surges
(DBN)

World's richest man gets $32 Billion richer: Elon Musk's worth climbs to $304billion as Tesla stock soars
(DBN)

COVID-19 Loss of $44 Billion Is 3rd Largest Catastrophe Cost to Insurers
(DBN)

How much will the economy grow in 2022?
(DBN)

Joe Manchin says he's engaged in 'no negotiation' on Biden's agenda this year — but the majority of voters still want it passed • Manchin says he won’t support enhanced child tax credit without work requirement
(DBN)

Minimum wages are going up across the US this year
(DBN)

Global Supply Pressures May Have Peaked
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Manhattan real estate reaches record-breaking $30 billion in sales
(DBN)

MBA: Mortgage Applications Decrease over Two-Week Period
(DBN)

Mortgage rates hit 9-month high, and loan demand drops further
(DBN)

Homebuilder stocks rebound day after rate scare plunge
(DBN)

Morgan Stanley Bets on NYC With Lease for BlackRock Headquarters
(DBN)

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Oil/Gas:

Chrysler kicks off plans to go all-electric by 2028
(DBN)

Electric Silverado Orders Start Today
(DBN)

New Battery Takes Tesla 750 Miles
(DBN)

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Banking:

Banco Santander Hurrying Back Down 75,000 Chimneys To Get Its $175 Million Back
(DBN)

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Education:

Biden urges schools to stay open despite omicron wave
(DBN)

U.S. Schools Close in Droves as Omicron Drives Staff Shortages
(DBN)

Thousands of teachers, students absent as Omicron ravages Florida
(DBN)

Chicago cancels classes after union backs remote learning
(DBN)

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Healthcare:

The Omicron variant now makes up 95% of recent COVID-19 cases in the US, according to the CDC • The shape of the omicron wave is becoming clearer • Covid-19 cases reach record level in US children, data shows • Children represent 17.7% of COVID-19 cases as U.S. sees record high for weekly cases • 7 Straight Days of Setting New Covid Records
(DBN)

Omicron may have peaked or ‘plateaued’ in parts of the world, giving experts cause for optimism
(DBN)

Denver Hospitals Full With One-In-Four City Residents Infected With Covid
(DBN)

N.J. Covid Hospitalizations Jump 73% as Emergency Rooms Redirect
(DBN)

Omicron Spares U.S. ICUs So Far, Mirroring South Africa
(DBN)

Latest COVID ‘Making People Really Sick in a Different Way'
(DBN)

New study finds no risk of preterm birth with COVID-19 vaccine, adds to data showing vaccine safe for pregnant people
(DBN)

Biden Says Added Covid Testing Capacity Should Ease Long Lines
(DBN)

Frustrated Covid Test-Seekers Are Overwhelming Emergency Rooms
(DBN)

Doctors bemoan limited supply of game-changing antiviral pills amid winter surge
(DBN)

U.S. doubling and accelerating order of Pfizer antiviral pills
(DBN)

Social media users rack up views by wasting COVID-19 tests
(DBN)

Fauci said 'focus on COVID-19 hospitalizations, not case numbers' just before US cases smashed records to top 1 million • Anthony Fauci Is Right To Distinguish COVID-19 Infections, Which Are Exploding, From Severe Disease, Which Is Not
(DBN)

CDC declines to add Covid testing recommendation to updated isolation guidance despite criticism • CDC posts rationale for shorter isolation, quarantine
(DBN)

COVID case counts may be losing importance amid omicron
(DBN)

Israeli study reports fivefold jump in antibodies with 4th Pfizer vaccine shot
(DBN)

CDC Shortens Recommended Period Before Pfizer Booster to Five Months
(DBN)

Hogan declares 30-day state of emergency as state enters its 'most challenging time' of the pandemic
(DBN)

WHO Official Downplays Coronavirus Variant Found in France
(DBN)

Florida surgeon general's call to stop relying on COVID-19 testing is a 'me first, forget everybody else' approach, health expert says
(DBN)

Twins Igor and Grichka Bogdanoff, controversial French TV stars, die of COVID-19 after refusing vaccines
(DBN)

She Fought Mandates, and Dies of Covid
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (5 new filings today)
(DBN)

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
(DBN)

Bankruptcy Jobs:

(1) • (2) • (3) •(4)• (5) • (6) • (7) • (8)
(DBN)

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Bankruptcy Statistics:

Overall December 2021 New Bankruptcy Filings Continue Decline - However, sharp uptick in commercial Chapter 11 new filings
(DBN)

When the Other Shoe Drops: Drivers of the Next Restructuring Cycle
(DBN)

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Recharacterization:

Merchant Cash Advances Are Loans, Not Sales, And Violate Usury Laws (In re Shoot the Moon)
(DBN)

____________

Mass Torts:

Boy Scouts of America falls short in bid to emerge from sex-abuse bankruptcy
(DBN)

____________

Aviation:

Flight Cancellations Pile Up as Snowstorm Pounds U.S. Capital • Airlines cancel 1,400 flights as Covid, severe weather continue to snarl travel
(DBN)

Garuda’s Creditors Vie for Cash in $9.8 Billion Debt Revamp
(DBN)

São Paulo State Prosecutor’s Office calls for bankruptcy decree of Itapemirim Airline
(DBN)

____________

Retailing:

UPS says it's processing a record number of returns as 1 in 4 Americans plan to ship stuff back to sellers after the holidays
(DBN)

Macy’s cuts store hours as Covid cases spike and retailers face new staffing challenges
(DBN)

____________

Autos:

December Vehicles Sales decreased to 12.44 million SAAR
(DBN)

Toyota dethrones GM as U.S. sales leader after nearly a century on top • Toyota Reports 10.4% Jump in U.S. Auto Sales for 2021 • General Motors Fourth-Quarter U.S. Auto Sales Drop 43%
(DBN)

How Tesla weathered global supply chain issues that knocked rivals
(DBN)

BMW Sets All Time Sales Record
(DBN)

____________

Climate:

Drivers snowed-in all night as I-95 shuts down in Virginia • Both sides of I-95 south of Washington, D.C., still blocked after snowstorm; drivers stranded overnight • Hundreds stranded on I-95 in Virginia for more than 15 hours, and they're running out of fuel, food, and water in frigid conditions • Aerial video shows hundreds of cars at a standstill on Virginia highway nearly 24 hours after winter storm • Truckers on I-95 are sharing water and supplies with other drivers as they remain stranded for nearly a whole day in the frigid cold • Virginia officials defend response to snowy gridlock on I-95 • Drivers fret about food and fuel while stranded on highway
(DBN)

____________

Religion:

Court: Mississippi City Must Allow Mosque
(DBN)

____________

Fraud:

The Elizabeth Holmes Verdict Will Teach Silicon Valley Nothing • Elizabeth Holmes Jury Gets Results, Unlike Her Tests • Elizabeth Holmes Will Likely Land in Cushy, Fenceless Prison for Theranos Fraud • The Elizabeth Holmes Saga Far from Over
(DBN)

Nearly $100 Billion Stolen from Covid Relief
(DBN)

____________

Sovereigns:

Argentine Opposition Refuses to Attend Meeting on IMF Talks
(DBN)

____________

UK:

U.K. Firms Grapple With ‘Impossible’ Numbers of Covid Absences
(DBN)

Boris Johnson Sees Nothing in U.K. Covid Data to Warrant Further Curbs
(DBN)

____________

EU:

Europe Works to Keep Schools, Hospitals Open Amid Omicron Surge
(DBN)

____________

Canada:

Canadian court orders Iran to pay millions to families of victims from plane shot down in 2020
(DBN)

____________

China:

‘Return our money!’ Evergrande investors protest at office of Chinese developer
(DBN)

Troubled Chinese developer told to demolish resort
(DBN)

China locks down a city of 1 million people over 3 cases of COVID-19
(DBN)

Scarred by a deadly milk scandal and fearing cooking oil cut with raw sewage, China's middle class is skipping the supermarket and buying straight from the farm
(DBN)

China reports major drop in virus cases in locked-down Xi’an
(DBN)

Property developers face more scrutiny as China ramps up green efforts: fund manager
(DBN)

____________

Sweden:

Swedish King and Queen Have COVID-19 Amid Surge in Cases
(DBN)

____________

Brazil:

Brazil Faces Virus Onslaught as Influenza Spreads With Omicron
(DBN)

____________

France:

France Hits Another Covid Infection Record as Cases Top 270,000
(DBN)

France’s Macron sparks outrage as he vows to annoy the unvaccinated
(DBN)

____________

Singapore:

Singapore says booster shots needed in order to maintain fully vaccinated status
(DBN)

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