July 13, 2022

The Daily Bankruptcy News

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Law:

Lawyer Jobs, Overall Legal Employment Drop in Q2
(DBN)

Wait A Second, Why *Is* Sidley The Employer Targeted Over Abortion Travel Costs Policy? Attorney at rival firm among lawmakers accusing Sidley Austin of aiding illegal abortions
(DBN)

What the past 2 years have taught this firm about talent development
(DBN)

Law Firms Ease Cost of Living Concerns With Cash for UK Staff
(DBN)

Murdaugh Expected to be Charged in Murders
(DBN)

Ex-Hedge Funder Gets Law License Back a Year After Neiman Marcus Fraud Conviction
(DBN)

Law student's first fictional work wins ABA Journal's 2022 Ross writing contest
(DBN)

You *Have* To Watch This Law Professor SHUT DOWN Senator Josh Hawley Josh Hawley's viral transphobic comments, briefly explained
(DBN)

The Surge In Demand For Contract Legal Roles (And How To Pursue One During The Impending Economic Downturn)
(DBN)

Trump White House counsel 'corroborated almost everything' learned in previous hearings, Jan. 6 panel member says Cipollone testimony prompted hearing delay Ex-White House counsel Pat Cipollone said he was very much against Trump naming Sidney Powell special counsel: 'I didn't think she should be appointed to anything' Trump Sought to Conceal Plans for March to Capitol, Panel Says Trump Preplanned March to Capitol, Panel Says, Directing Mob to Congress Jan. 6 Committee Says Donald Trump's 'Will Be Wild' Tweet Followed 'Craziest Meeting' of His Presidency and 'Electrified' Extremists No Jail Time for Former Corrections Officer and Friend Who Together Breached the U.S. Capitol on Jan. 6 Maryland Man Among the First to Breach U.S. Capitol on Jan. 6 Convicted of a Felony and Several Misdemeanors Jan. 6 committee: Trump galvanized extremist groups to flood Capitol Capitol rioter testifies about sway Trump had over mob Ex-Oath Keepers spokesperson: Jan. 6 could have been "spark that started ... Civil War" Former Trump campaign manager said he felt "guilty" for helping Trump win on Jan. 6 Ex-Twitter employee feared Trump was speaking directly to extremists on platform 11 House Republicans attended a White House meeting with Trump to strategize about overturning the election results on January 6. Six of them later asked for pardons. Cheney says Trump's team has changed Jan. 6 strategy to blame the 'crazies' Who is potential Jan. 6 witness Stephen Ayres? Jan. 6 hearing details 'craziest' Trump meeting: 'What they were proposing, I thought was nuts' 'They're a Violent Militia': Ex-Oath Keepers Spokesman Disavows 'Racist' and 'Dangerous' Group Before the Jan. 6 Committee Former Trump counsel Cipollone testifies president should have conceded election Jan. 6 rioter apologizes to police officers who defended Capitol against insurrection The Trump presidency was a reality show. The January 6 hearings are the reunion special. Donald Trump's tampering, a rioter's remorse, and other January 6 hearing takeaways Ex-Trump campaign aide Parscale said Trump's rhetoric killed Capitol rioter on Jan. 6 Eugene Scalia: I'd encouraged Trump to concede in December 2020 Trump repeatedly advised to concede in fall of 2020, ex-aides testify New Details of Trump's Fringe Driven Push to Hold Power Trump Tried to Call a Witness After Last Jan. 6 Panel Hearing, Cheney Says Jan. 6 committee notifies DOJ that Trump tried tampering with one of its witnesses, Cheney says Trump's phone call to a January 6 witness could be a federal crime, legal experts say — and a tantalizing 'teaser' of what's still to come when the committee goes prime time next week Legal Experts React to Jan. 6 Committee's Decision to Tell Federal Prosecutors About Donald Trump's Phone Call to a Witness
(DBN)

Court Dropkicks Lindsey Graham's Opening Bid To Hide His Effort To R------ Georgia's Election
(DBN)

Jan. 6 Panel Connects Stone to Militias
(DBN)

The secret support system for former aides taking on Trump: The other women
(DBN)

Trump rally in North Carolina canceled as former president summoned to court Trump set for July 15 testimony in New York probe
(DBN)

Sean Spicer and Russell Vought lose lawsuit against Biden administration over Naval Board dismissal
(DBN)

A Former Mueller Prosecutor Takes Merrick Garland to Task
(DBN)

'Shut up b***h!' Toddler swings at Minnesota cops executing a murder warrant
(DBN)

Johnny Depp fights back against Amber Heard's mistrial request, arguing she knew about the wrong juror all along but didn't complain until she lost
(DBN)

Detained migrants can still access abortions, ICE says Linda Coffee argued Roe v. Wade. Now, she's watching its demise. Jonathan Turley Is Now Just Lying About Abortion Laws And He's Going To Get Someone Killed Senate Democrats unveil bill to protect women who cross state lines for abortions Biden's Abortion Safety Net Has A Few Holes In It No. 2 Senate Democrat explains his change of heart on abortion Doctors Fearing Legal Blowback Are Denying Life-Saving Abortions Justice Department establishes task force to protect abortion access I Am a Man With a Genetic Condition. The Abortion Fight Is About Me, Too. The US History of Policing Abortions
(DBN)

Starbucks Closing Some Stores, Citing Safety Concerns in Certain Cafes
(WSJ)

Exclusive video from inside Uvalde school shows officers' delayed response to mass shooting Uvalde families, officials angry over early release of shooting footage Uvalde Hallway Video Reignites Fury at Police as Families Condemn Release Why the Austin American-Statesman chose to publish video from inside Robb Elementary
(DBN)

Gov. Newsom signs bill allowing suits against gun makers for negligence
(DBN)

'Gunshot Wound to the Head': Inmate Indicted in Alleged Murder of Guard Who Helped Him Escape from Alabama Jail
(DBN)

Oklahoma Man Murdered Noodling Partner Who 'Summoned Bigfoot to Come and Kill Him': Sheriff
(DBN)

California Man Gets Life in Prison for 2017 Shooting Death of Man Allegedly Wearing Women's Clothing
(DBN)

'Hotel California' Conspiracy Charged by Manhattan D.A. Bragg
(DBN)

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Judges:

Judicial panel orders probe into federal judges' hiring of law clerk accused of racist statements
(DBN)

Morton's and others brace as activists offer cash for SCOTUS sightings
(DBN)

Looming court pick a 'pivotal moment' for Hochul to reshape New York judiciary
(DBN)

A Trump judge seized control of ICE. Will the Supreme Court stop him?
(DBN)

Former judge Richard Posner seeks dismissal of $170,000 wage case
(DBN)

Biden nominates 5 new judges, but not Republican abortion opponent
(DBN)

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Wall Street:

Stock futures tick higher with all eyes on June's inflation report
(DBN)

Wall Street tumbles at close as worries mount ahead of CPI report
(DBN)

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Layoffs:

Rivian's CEO Warns Staff of Culling as EV Maker Weighs Layoffs Rivian to address layoffs at Friday meeting, Tesla to cut 229 jobs
(DBN)

LoanDepot to cut 2,000 workers through the end of the year
(DBN)

Victoria's Secret Cuts 160 Management Roles In Reorganization
(DBN)

A wave of layoffs is sweeping the US. Here are firms that have announced cuts so far, from Coinbase to Re/Max.
(DBN)

Delivery Startup Gopuff Cuts 10% of Staff, Closes Warehouses to Preserve Cash
(DBN)

Delivery startup Gopuff cuts 10% of global workforce, closes 76 U.S. warehouses
(DBN)

Facebook cuts hundreds of custodial jobs after ending contract with facility management vendor
(DBN)

110 laid off with closing of Jackson plant
(DBN)

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Politics:

Ex-House Member Files for Bankruptcy
(DBN)

Half of Republicans wouldn't vote for Trump in primary, poll finds Majorities in new poll say Biden, Trump should not run again in 2024
(DBN)

Trump ramps up feud with Elon Musk, claiming he could have made Musk drop to his knees and beg for help when he was president
(DBN)

Kevin McCarthy said Trump 'was just too much' and that's why people voted for Biden: book
(DBN)

Top Arizona Republican says he will support someone other than Trump in primary
(DBN)

DeSantis Convenes Donors
(DBN)

Larry Hogan says 'more and more' people saying he should run for president
(DBN)

The 20 counties that will decide the midterms
(DBN)

GOP sees chances of midterm rout spike
(DBN)

Battleground Dems post huge cash hauls amid razor-thin Senate fight
(DBN)

Virginia shows signs of shift back toward GOP
(DBN)

Election officials fear copycat attacks as 'insider threats' loom
(DBN)

Democrats want Biden to replicate their rage
(DBN)

Armed Man Arrested Outside Dem Rep's House After Threatening to Kill Her
(DBN)

Jill Biden slammed for comparing Latino people to tacos in what Hispanic journalists called a 'stereotype' Hispanic journalists organization responds to Jill Biden: 'We are not tacos' Jill Biden apologizes for comments comparing diversity among Latinos to 'breakfast tacos'
(DBN)

Pro-Bernie Sanders group launches campaign urging Biden not to run for reelection
(DBN)

Doomsday political scenario takes shape for Democrats
(DBN)

U.S. Senate confirms Biden's pick to head firearms bureau
(DBN)

John Bolton says he helped plan foreign coups
(DBN)

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Economy:

IMF Chief Warns of Debt Crisis as Higher Rates Follow Covid, War
(DBN)

IMF again cuts U.S. 2022 growth forecast to 2.3% as consumer spending cools
(DBN)

White House warns CPI inflation number will be elevated
(DBN)

Inside the White House senior staff meeting on CPI day
(DBN)

Global equities waver, oil falls amid recession fears
(DBN)

U.S. CPI preview: Past the headline, into the core
(DBN)

Biden's pick for Fed's top bank cop advances in Senate
(DBN)

The Fed risks looking backwards on inflation
(DBN)

Copper Prices Plummet To Lowest Levels Since 2020
(DBN)

Millions of Americans Regret Quitting in the Great Resignation
(DBN)

Half of Small Firms in US and Canada Expect Recession This Year
(DBN)

70% of Americans think a recession is coming: What they are doing to prepare
(DBN)

Online US Inflation Slowed in June But Food Prices Hit New High
(DBN)

Inflation terror at the Fed
(DBN)

BlackRock Is Bracing For "Persistent Inflation"
(DBN)

Inflation is expected to have been even hotter in June, but it could be peaking
(DBN)

Fed's Barkin Is Open to Raising Rates by 50 or 75 Basis Points in July
(DBN)

There's No US Recession Until an Obscure Panel of 'Eggheads' Says It Is So
(DBN)

He worked from home and died suddenly. Five days passed before his body was found
(DBN)

The 15 Richest Counties in the U.S.
(DBN)

Switzerland, Playground of Russian Oligarchs, Emerges as Sanctions Weak Link Lego Ceases Russian Sales, Ends Deal With Operator of 81 Stores Markets Plan Doomsday Scenarios If Russia Turns Off the Gas UK Gets Reminder From Norway of How Fragile Gas Supplies Are EU Must Save Energy Now to Avoid Industry Shutdowns, Simson Says Europe's best defense against Russia's gas squeeze is looking vulnerable Yellen races to meet deadline to choke off Putin's oil profits
(DBN)

Illegal migrants who mow the lawns and paint mansions for the super-rich in the Hamptons are living on mattresses or in tents in the woods because they can't afford to pay rent
(WSJ)

Catholic Funds in Quandary After Companies Support Abortion Rights
(DBN)

US Democrats Urge New $650 Billion IMF Aid on Ukraine War Hit
(DBN)

The 10 best U.S. jobs of 2022, according to new research—many pay over $100,000
(DBN)

Remote work changed my life — and taught me I can't work for companies that don't provide it
(DBN)

Target to add Bobbie brand infant formula to stores as shortage persists
(DBN)

House centrists mull Manchin counteroffer: No new taxes Democrats' latest attempt at resurrecting Build Back Better, explained
(DBN)

Truckers Plan LA Port Stoppage Today
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Homebuyers retake the upper hand
(DBN)

Poll: Abortion bans reshape where young Americans choose to live
(DBN)

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

These 10 U.S. real estate markets are cooling fastest: What it means for buyers
(DBN)

Leading Index for Commercial Real Estate "Slight Gain In June"
(DBN)

Reis: Office Vacancy Rate Increased in Q2, Mall Vacancy Rate Unchanged
(DBN)

Cause of homelessness? It's not drugs or mental illness, researchers say
(DBN)

The devaluation of assets in Black neighborhoods: The case of commercial property
(DBN)

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Municipalities:

Here's why Time Magazine just called Detroit one of the world's greatest places
(DBN)

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Oil/Gas:

Oil sinks further below $100 as recession risk spooks market Crude Oil Price Crash Continues
(DBN)

Hedge Funds Are Unloading Oil Futures In A Hurry
(DBN)

US Cuts Gasoline-Demand Forecast as High Prices Weigh on Drivers
(DBN)

Maine Begins Fossil Fuel Divestment
(DBN)

Toyota: EVs are a Silver Bullet for Climate Fix
(DBN)

Oil prices could jump to $140 per barrel if Russian crude doesn't get a price cap, US Treasury official says
(DBN)

OPEC's First 2023 Outlook Shows No Relief for Oil Market Squeeze
(DBN)

Here's where gas prices have dropped the most
(DBN)

Only Nine US States Have Average Gasoline Prices Above $5
(DBN)

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Retailing:

Amazon Shoppers Ignore Meager Discounts to Swarm Prime Day Sale
(DBN)

Avoid self-serve checkouts, lawyer warns, or it could cost you 'thousands'
(DBN)

____________

Climate:

US emissions inflict almost $2T in damage to other countries: study
(DBN)

Texas wind power is failing right when the state needs it most
(DBN)

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Autos:

GMC recalling thousands of vehicles, but no parts available to fix them
(DBN)

Rivian's Job Cut Is Just the Latest in Gloomy-Looking Car Sector
(DBN)

____________

Banking:

Q2 2022 Update: Unofficial Problem Bank list Decreased to 52 Institutions; Search for "Whale" Continues
(DBN)

____________

Tech:

Musk's Twitter Spat Promises Wall Street Lawyers a Rich Payday Twitter Sues Elon Musk in Delaware to Enforce Contract, Says Billionaire Can't 'Change His Mind, Trash the Company,' and 'Walk Away' How Twitter vs. Musk will end Twitter says it can prevail over Elon Musk in 4-day Delaware trial starting in September Twitter sues Elon Musk to enforce original merger agreement 4 cases the lawyers for Twitter and Elon Musk will be studying as they head to court A timeline of the Musk-Twitter deal so far Three takeaways from Twitter's suit against Elon Musk
(DBN)

Elon Musk's Twitter Fight Points to M&A Experts' Big Fear: Collapsing Deals
(DBN)

Google CEO Pichai says company will slow hiring through 2023 in memo to employees
(DBN)

____________

Healthcare:

"Excess" pandemic deaths linked to insurance status
(DBN)

Hong Kong Suspends Some Hospital Services as Virus Cases Swell
(DBN)

As Sixth Covid Wave Hits, Many New Yorkers Shrug It Off
(DBN)

Covid hospitalizations have doubled since May as omicron BA.5 sweeps U.S.
(DBN)

White House begins booster push chasing BA.5 subvariant
(DBN)

Fauci: Take new subvariant seriously, but don't 'let it disrupt our lives' If you were infected with COVID-19 during the first Omicron wave, you 'really don't have a lot of good protection' against the BA.5 subvariant: Fauci
(DBN)

WHO Chief Warns of Rising Infections, Deaths From New Covid Wave
(DBN)

Covid-19 Strikes Wyoming's Most Populous Prison as US Cases Rise
(DBN)

Biden Team Warns on Covid Subvariant That May Evade Immunity
(DBN)

Hopes of Covid-19 Reprieve Fade as BA.5 Subvariant Takes Over
(WSJ)

WHO Recommends Vulnerable Adults Get Second Covid Booster Shot
(DBN)

Maternal deaths likely to increase post-Roe
(DBN)

Exercise can't compensate for a poor diet, study says
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 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)

Ethics:

Why Bankruptcy Counsel Must Be Mindful of Ethics
(DBN)

____________

Negotiation Strategy:

A Negotiations Study: Being "Tough & Firm" v. "Warm & Friendly"
(DBN)

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Lender Liability:

Aggressive Pursuit Of Repayment Or Crossing The Line? Takeaways From The Bailey Tool Bankruptcy Case
(DBN)

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UST:

Acting Director Addresses 2022 Annual Seminar of the National Association of Chapter 13 Trustees
(DBN)

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Aviation:

American Airlines expects to report first quarterly profit since 2019
(DBN)

Delta posts profit despite jump in costs, vows to improve reliability after difficult summer start
(DBN)

Heathrow Airport, a crucial global travel hub, asks airlines to stop selling tickets and caps passenger numbers amid travel chaos Heathrow Asks Airlines to Stop Selling Seats to Ease Staff Woes
(DBN)

The 10 Worst Airports in Europe for Delays Right Now
(DBN)

A passenger with an $11,000 ticket to Europe says Air Canada 'begged' 25 people to get off the plane because it was too heavy to take off. Then they lost his bag.
(DBN)

SAS and pilot unions resume talks as crippling strike enters 10th day
(DBN)

____________

Ride Hailing:

'They were taking us for a ride': how Uber used investor cash to seduce drivers
(DBN)

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Mass Torts:

The Texas Two-Step and Mandatory Non-Opt-Out Settlement Powers
(DBN)

Herbicide chemical linked to cancer found in majority of urine samples in CDC study
(DBN)

U.S. appeals court revives Roundup weedkiller cancer lawsuit
(DBN)

San Francisco 'public nuisance' opioid lawsuit winds down, with only one defendant left Allergan, Teva to pay $54M in San Francisco opioid lawsuit
(DBN)

Endo weighs bankruptcy filing without opioid settlement
(DBN)

____________

Crypto:

Three Arrows Liquidators Win Power to Subpoena Absent Founders Founders of bankrupt crypto hedge fund 3AC go missing, as investors try to recoup assets Three Arrows Founders' Whereabouts Unknown, Liquidators Say Bankrupt Crypto Firm Three Arrows Capital's Assets Frozen By New York Judge Cryptocurrency Future Remain Dicey In Few Countries Amidst 3AC Bankruptcy US Bankruptcy Court Approves Foreign Administrator for Three Arrows Capital's Debt
(DBN)

Crypto Startup Funding Falls to a One-Year Low
(DBN)

Crypto lender Celsius is 'deeply insolvent' and engaged in an 'unregistered securities offering', state regulator says Vermont becomes the sixth US state to launch investigation against Celsius
(DBN)

Looking at the Claims Celsius Operated Like a Ponzi
(DBN)

California regulator investigating crypto interest accounts
(DBN)

Crypto lender BlockFi stops accepting Grayscale Bitcoin Trust as collateral
(DBN)

Sri Lanka central bank reiterates crypto warning following protesters seizing president's residence
(DBN)

BoE official compares current crypto market regulation to 'unsafe aeroplanes'
(DBN)

Crypto Investors Can Rely on 'Frankly Nothing' in Current Regulatory Environment, Says Former FDIC Official
(DBN)

Behind Voyager's Fall: Crypto Broker Acted Like a Bank, Went Bankrupt
(DBN)

____________

Labor:

Railroad Union Sets July 18 Strike
(DBN)

____________

Fraud:

'Yellowstone' Actress Charged With Workers' Compensation Fraud
(DBN)

____________

Student Debt:

Student-loan borrowers 'shouldn't have to act as a labor economist' to prove a college misled them on job prospects and loaded them up with debt, Biden's Education Department says
(DBN)

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Agribusiness:

Texas Ranchers Selling Livestock Over Drought
(DBN)

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Religion:

Court approves archdiocese's bankruptcy disclosure statement
(DBN)

Albany Diocese details clergy abuse compensation proposal
(DBN)

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Sovereigns:

Sri Lanka's president is stuck in his own country after airport staff blocked him from fleeing amid an economic crisis Sri Lanka's Bailout Slips Further Away as Nation Misses a Leader Sri Lanka declares state of emergency after president flees country How Sri Lanka's runaway President went from war hero to fugitive What's happened and what's next in Sri Lanka Sri Lanka's state-owned TV goes off air as protesters storm building End of the line for Sri Lanka's 'Terminator' president
(DBN)

Chad creditors expected to agree phased 'contingent' debt relief plan
(DBN)

____________

UK:

BOE's Bailey Says Goal Is to Curb Inflation, 'No Ifs or Buts'
(DBN)

Russian Gold Miner Petropavlovsk Files for Administration in London
(DBN)

UK Heat Wave to 'Make a Dent' in Economy as It Hits Productivity
(DBN)

____________

EU:

EU edges closer to ending 'too-big-to-fail' banks by 2024
(DBN)

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Canada:

Ponzi scheme participants ordered to return payments that were "too good to be true"
(DBN)

Bank of Canada seen set for jumbo 75-bp rate hike as inflation bites
(DBN)

TD And Royal Bank: Canada's About To Implode
(DBN)

____________

Russia:

Ukraine receiving $1.7 billion in aid to pay health workers
(DBN)

Did Putin blunder the Kremlin into a dystopian World War III?
(DBN)

A veteran US hostage negotiator is reportedly headed for Moscow to help in securing Brittney Griner's release
(DBN)

Belarusian leader Alexander Lukashenko, a Putin ally, says the world is moving closer to 'a big war where there will be no winner'
(DBN)

____________

India:

Speed is the essence of IBC; time barred debt cannot be resurrected: NCLAT
(DBN)

____________

Poland:

Polish Central Banker Says Economy Is Heading Into Stagflation
(DBN)

____________

Germany:

German Investor Confidence Sinks to Worst Since Debt Crisis
(DBN)

Financial regulator sees stormy waters ahead for Germany
(DBN)

____________

Bermuda:

Restructuring & Insolvency 2022
(DBN)

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