July 20, 2022

The Daily Bankruptcy News

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Law:

Why Weil Is Spending $1 Million/Year For Students To Delay Law School
(DBN)

Law School Seeking 'Major Sanction' Against Amy Wax... Cue The Whining About Academic Freedom • Penn Law Dean Ted Ruger Requests Faculty Senate Impose 'Major Sanction' Against Tenured Professor Amy Wax
(DBN)

Clifford Chance PEP breaks £2m as revenue grows 8% to £1.97bn
(DBN)

Stroock snaps up four-partner team from restructuring boutique Luskin, Stern & Eisler
(DBN)

Will Remote Work Adversely Affect The Training, Productivity, And Retention Of Lawyers?
(DBN)

Google ordered to pay nearly $1M for discovery violations, including David Boies' $1,950 hourly fee
(DBN)

Little-known lawyer advised Trump on firing acting AG, lawyers in White House counsel's office
(DBN)

Atlanta's Top Biglaw Firm
(DBN)

LinkedIn Privacy Settings To Consider Turning On (And Why They're Important)
(DBN)

Worried About Mental Health Questions On Bar Exam Applications? Don't Be, Says NCBE
(DBN)

New Orleans district attorney goes on trial over federal tax-fraud charges
(DBN)

Former White House aides to testify at next Jan. 6 hearing • Who is Sarah Matthews, the Trump White House aide testifying to Jan. 6 panel? • Jan. 6 committee chair Bennie Thompson tests positive for COVID-19 • DOJ Says Probe of Trump's Jan. 6 Role Will Continue If He Declares 2024 Run • Secret Service set to turn over 'erased' Jan. 6 texts • 'Sprint through the finish': Why the Jan. 6 committee isn't nearly done • Secret Service will say no new Jan. 6 texts found after records were deleted; investigation requested • Jan. 6 panel says Secret Service failed to deliver 'erased' texts • 'Let the Record Reflect I Have Repented of My Sins': Youngest Defendant Charged in Jan. 6 Attack Wants to Represent Himself, Appears to Assert Sovereign Citizen Talking Points to Judge • Former Fort Bragg soldier receives one of the harshest sentences tied to Capitol riot • 'It's the accumulation': The Jan. 6 hearings are wounding Trump, after all
(DBN)

Steve Bannon Tried to Disqualify Jurors Who Knew About His Outrageous Behavior • Bannon Judge Refuses To Postpone Trial Just Because Dog Ate Defense's Homework • Judge considers brief delay in Bannon trial as lawyers argue about evidence • Jury selection for ex-Trump adviser Bannon heads for 2nd day • Bannon attorney asks jurors to consider if contempt case 'affected by politics'
(DBN)

Trial for writer's rape defamation lawsuit against Trump set for February
(DBN)

US Rep. Hice fights subpoena in Georgia election probe • False Georgia electors say they've been deemed targets of DA criminal probe • Fulton County DA Confirms She's Designated All 16 False Trump Electors as 'Targets' in Georgia Probe • Sen. Lindsey Graham agrees to accept subpoena in Trump election meddling case • Lindsey Graham Drops South Carolina Challenge of Fulton County DA Subpoena — But He May Fight It Further in Georgia
(DBN)

Cops Opened Fire Into a Crowd Because They Thought Someone Had a Gun
(DBN)

Gun violence leads community groups to take bolder action
(DBN)

Deadly police shooting of 23-year-old Black man Robert Adams now under investigation
(DBN)

Rare in US for an active shooter to be stopped by bystander
(DBN)

"Florida is turning into an abortion destination state": Thousands seek abortions in Florida amid bans in neighboring states • Key facts about the abortion debate in America • The Anti-Abortion Movement's Contempt for Women Is Worse Than I Imagined • Indiana doctor moves toward suing AG who threatened to charge her over 10-year-old's abortion • Owner: Mississippi abortion clinic is sold, won't reopen • VP Kamala Harris compares Supreme Court abortion ruling to slavery • Democrats including Pressley, Omar, Ocasio-Cortez, Tlaib arrested at abortion rights rally outside Supreme Court • Photos of AOC Without Handcuffs Don't Mean She Wasn't Arrested Among 35 Others at Abortion Rights Protest Outside of SCOTUS • What abortion sanctuaries can learn from the immigrants' rights movement • I Went to the State Where the First Big Fight Over Abortion Is On. Here's What I Saw • 90% of U.S. companies silent on abortion after Dobbs, survey finds • Illinois to Become an Abortion Island
(DBN)

Pregnant Woman Dies After Husband Allegedly Gives Her Abortion Pills, Police Investigate Death
(DBN)

GOP faces conscience vote on marriage equality • House GOP prepares to split on same-sex marriage vote • House passes bill protecting marriage equality, with 47 GOP members voting 'yes'
(DBN)

What your state constitution says about same sex marriage
(DBN)

"Shame on you": Uvalde parents lash out at school board after release of scathing report on police response to shooting • Uvalde parents call for firings at emotional school board meeting: 'You need to clean house' • Texas state police launch internal review of Uvalde response • Uvalde report takeaways: Massive response but little action
(DBN)

Jimmy Carter, James Baker call for reforms to 'antiquated, muddled' Electoral Count Act
(DBN)

No charges for 'Late Show' crew arrested on Capitol Hill
(DBN)

Ohio Supreme Court tosses out GOP-drawn congressional map for 2024 elections
(DBN)

Alabama's redistricting plan violates the Voting Rights Act, ABA says in SCOTUS brief
(DBN)

N.J. trans prisoner who impregnated 2 inmates transferred to men's facility
(DBN)

______________

Judges:

BK NV: The Bankruptcy Bugle Newsletter (July 2022)
(DBN)

Two Cities Took Different Approaches to Pandemic Court Closures. They Got Different Results.
(DBN)

Public Approval of Supreme Court Falls to 38% After Roe V. Wade Ruling
(DBN)

Supreme Court asked to punish Texas over use of 'Trump judges'
(DBN)

Texas judge is ordered to be recused from dozens of cases amid bias allegations
(DBN)

Kavanaugh has worst favorability rating of any SCOTUS justice, despite conciliatory opinions
(DBN)

Never Thought I'd Say This, But We Could Use A Few More Gorsuches Right Now
(DBN)

Justice Clarence Thomas, Race, and Judicial Hypocrisy
(DBN)

The Supreme Court is Now Operating Outside of American Public Opinion
(DBN)

Rand Paul blames "secret deal" between McConnell and White House for sinking judicial nomination
(DBN)

The Supreme Court's Extreme Power Grab
(DBN)

House Democrats tout bill to add four seats to Supreme Court
(DBN)

Could Congress impeach Supreme Court justices for perjury?
(DBN)

______________

Wall Street:

Stock futures slide after big gain in prior session as investors brace for more earnings reports
(DBN)

Dow rallies more than 750 points as traders bet that the bottom is in
(DBN)

Wall Street braces for economic 'hurricane'
(DBN)

______________

Layoffs:

Inovio to cut 18% full-time jobs to conserve cash
(DBN)

Columbus tech company Olive lays off 450 employees
(DBN)

Genetics firm Invitae to lay off more than 1,000 workers
(DBN)

United Furniture plans mass layoff
(DBN)

Goldman slows hiring, plans to reinstate potential job-cut tool
(DBN)

Pandemic aid did poor job of stemming state, local job losses
(DBN)

Just Eat Moves to Eliminate 350 Delivery Jobs in France
(DBN)

______________

Fraud:

Two New Yorkers charged in investment scheme off Trump fundraisers
(DBN)

____________

Student Debt:

Is student loan forgiveness fair to those without college degrees? Americans remain divided over costs
(DBN)

GOP ramps up efforts to rein in Biden on student debt
(DBN)

____________

Religion:

New Vatican policy orders foreign investment accounts closed
(DBN)

____________

Healthcare:

Rural Michigan hospital gets state lifeline as it awaits federal designation change
(DBN)

Why You'll Need to Get COVID-19 Boosters Again and Again
(DBN)

Majority of US thinks COVID will never go away: poll
(DBN)

Covid cases are skyrocketing again. States have no new plans.
(DBN)

Scars of COVID persist for sickest survivors, their families
(DBN)

Bad news: COVID-19 numbers are pretty meaningless
(DBN)

New Covid variant dubbed 'Centaurus' already 'detected in 10 countries including UK and US'
(DBN)

CDC ends reporting of COVID cases on cruise ships
(DBN)

Fauci says it's 'becoming more and more difficult to get people to listen' because Americans are fed up with the COVID-19 pandemic and want it 'behind them'
(DBN)

Fauci Urges Americans To Consider 'Simple, Doable' COVID Measures As They Fail To Listen
(DBN)

Covid Resurgence Sees Some Virus Hardliners Take Softer Approach
(DBN)

Fauci: 'I'm not going to retire'
(DBN)

Hospitalization rates double as COVID cases triple across Europe
(DBN)

Europe Faces 'Challenging Autumn' With Lax Covid Rules, WHO Says
(DBN)

Georgia to include gender-affirming health care in state Medicaid program
(DBN)

#BoycottWalgreens trends after people say they were denied birth control pills, condoms
(DBN)

They Had Miscarriages, and New Abortion Laws Obstructed Treatment
(DBN)

Monkeypox concern grows as virus spreads in Chicago
(DBN)

____________


Economy:

After inflation, workers on minimum wage haven't made this little since the 1950s
(DBN)

75% of middle-class households say their income is falling behind the cost of living
(DBN)

Citi Economists Call Global Recession a Clear and Present Danger
(DBN)

Is the US in Recession?
(DBN)

Is the Great Recession Coming Again?
(DBN)

Big Banks: Things Likely to Get Worse
(DBN)

Charlie Munger Not Worried About Economy
(DBN)

Powell's Econ-101 Lesson Presents Best-Case Inflation Scenario
(DBN)

Why American wages haven't grown despite increases in productivity
(DBN)

Goldman 'Impressed' With Fed's Inflation Moves, Waldron Says
(DBN)

Economy Sucks, You're Screwed, and It's All Your Fault, Economists Say
(DBN)

We were wrong about the Great Resignation. Workers are still powerless and the looming recession will make it worse.
(DBN)

Inflation is providing cover for price fixing: economists
(DBN)

Corporate profits are increasing rapidly despite increases in production costs
(DBN)

Germany Is on Edge Waiting for Russia to Restart the Gas on Nord Stream 1 • Germany to Wait Until Early Next Week to Count Russia Gas Damage • A Russian gas cutoff would send Europe into recession unless nations around the world pooled their dwindling supplies together, IMF says • Europe's natural gas crunch will further weaken the US economy by hitting trade between the two, Goldman Sachs warns • Russia nears gas shutdown in Europe as Germany rejects claims it can't fulfill contracts • Here's what's at stake if Russia doesn't get a key European gas pipeline back up and running this week • Gazprom Poised to Restart Gas Flows Through Nord Stream • EU braces for Russian gas shutoff as economic crisis looms • Italy signs energy deals with Algeria in bid to sidestep Russia • Polymetal Plans to Sell Russian Assets to Avert Sanctions Risk • Russian Gas Halt May Spark 2.65% Hit for EU Economy, Study Shows • Czechs Tap LNG as Europe Braces for Winter Without Russian Gas • Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE's local currency: report • Germany leaves door open for extending nuclear power use amid energy crisis • Price cap on Russian oil is a 'ridiculous idea,' may push oil to $140: Think tank • S.Korea willing to back U.S. plan to cap Russian oil price • US says talks with India on price cap on Russian oil 'encouraging' • Gazprom bond payments trickle through to some creditors as sanctions rise • Greece Outlines Plan to Maintain Power Supply If Gas Gets Scarce • EU May Have to Use Emergency Gas Rationing • Putin Signals Gas Pipeline Will Restart, But With Conditions
(DBN)

Energy Costs Are Hitting Black, Latino Communities the Hardest
(DBN)

Texas Salaries Are Climbing, Closing the Gap With Silicon Valley
(DBN)

World Bank Chief Warns G-20 Debt-Relief Delay Will Worsen Poverty
(DBN)

Reality Bites for Workers Looking to Abortion-Friendly States
(DBN)

Dems lean toward taking Manchin's small-ball deal • Partisan lines form over Dem drug price curbs, economic plan
(DBN)

$3,835,390,000,000: Federal Tax Collections Set Record Through June
(DBN)

Mapped: The Top U.S. Imports by State • Mapped: The Top U.S. Exports by State
(DBN)

Global chip shortage is not over and the slowdown is 'going to bite,' analyst says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers
(DBN)

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

Adams says NYC 'may not have central business districts anymore' as remote work persists
(DBN)

Housing Starts in US Decline to Lowest Level Since September • New home construction falls to nine-month low
(DBN)

Slowdown in Showings Suggests Further Declines in Existing Home Sales in Coming Months
(DBN)

Weekly Housing Trends View — Data Week Ending July 9, 2022
(DBN)

US housing market could be headed for 'meltdown': economist
(DBN)

____________

Municipalities:

From Broken Cities, a Plea for Grassroots Fixes
(DBN)

____________

Oil/Gas:

Fracking Growth 'Almost Impossible' This Year, Halliburton Says
(DBN)

National average gas price falls below $4.50 a gallon
(DBN)

The Uncertain Future Of Oil And Gas Firms In The North Sea
(DBN)

Electric Cars Start Covering More Ground Than Combustion Counterparts
(DBN)

GOP's Amnesia on Oil Reserve Sales
(DBN)

____________

Climate:

White House Considers Emergency Declaration to Fight Climate Change • White House could declare climate emergency as soon as Wednesday: sources • White House holds off on declaring climate emergency
(DBN)

La Niña creating sweltering temperatures across much of U.S., expert says
(DBN)

NYC Is Set to Bake in 90s Through This Weekend as Heat Comes East
(DBN)

Heat waves overlap as warming climate makes extreme temperatures more likely
(DBN)

Firefighters battle an 'explosive cocktail' of wind and flames in southwestern France • 'Monster octopus' fires rage in France as Europe heatwave heads north • Heat wave kills more than 1,700 people in Spain and Portugal
(DBN)

Earth Experiences Steady Stream of Heat Records
(DBN)

As Britain Swelters, UN Warns of Worsening Heat Waves to at Least 2060 • Top UK scientist says brutal heat waves could hit 'every 3 years' if we don't reduce greenhouse gas emissions
(DBN)

Can we beat the heat — or is this the beginning of the end?
(DBN)

Heat waves are dominating summer, killing thousands, and fueling wildfires. The world needs to prepare for more.
(DBN)

Europe's mightiest river is drying up amid a record heatwave, causing shipping issues and deepening the continent's energy woes
(DBN)

Heat-related deaths in Phoenix area have quadrupled in three years due to rising temperatures
(DBN)

____________

Tech:

Amazon sues more than 10,000 Facebook group administrators over fake reviews
(DBN)

Judge sets expedited Twitter v. Musk trial for October • Delaware Chancellor Agrees to Fast-Track Twitter's Contract Fight with Elon Musk, as Tech Giant Accuses Billionaire of 'Attempted Sabotage'
(DBN)

Senate Moves Forward With $52 Billion in Semiconductor Funding
(DBN)

____________

Education:

DC schools require COVID-19 vaccine for students 12 and up
(DBN)

____________

Crypto:

How one crypto company went from making billions to bankruptcy in months
(DBN)

FBI says fake crypto apps defrauded investors of more than $42 million
(DBN)

Former employees say issues plagued the crypto company Celsius years ahead of bankruptcy
(DBN)

Stake in Crypto Exchange Deribit Becomes Disputed Asset in Three Arrows Bankruptcy
(DBN)

Three Arrows Capital Expects Hail of Lawsuits as Liquidators Parse Past Dealings
(DBN)

Crypto Hedge Fund Founders Bought $50M Yacht Before Going Bankrupt
(DBN)

Five-member credit committee established to liquidate Three Arrows Capital
(DBN)

Founders who 'cannot be trusted' and a $50 million yacht: New Three Arrows Capital bankruptcy filing sheds light on the crypto hedge fund's epic demise
(DBN)

3AC allegedly liable for $2.8B in creditor claims
(DBN)

Were Celsius Withdrawals Halted Because Of A Tether Margin Call?
(DBN)

Crypto Mining's Disturbing Amount of Energy
(DBN)

____________

Military:

Survey raises serious questions about the future of the all-volunteer force
(DBN)

Citing recruiting woes, Army will shed up to 28,000 troops in next year
(DBN)

____________

Accounting:

UK Audit Watchdog Slams 'Unacceptable' Quality of Mazars and BDO's Work
(DBN)

____________

Autos:

Volvo Car Sees 2022 Sales Flat-to-Lower on Supply Disruption
(DBN)

____________

Food/Beverage:

Diners Rail Against Smaller Restaurant Portions in Yelp Reviews
(DBN)

____________

 
New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (3 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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)

Cross-Border:

US – Hong Kong – Can A Chapter 15 Order Discharge US Law Governed Debt For The Purposes Of The Rule In Gibbs? The Rare Earth Decision And Beyond
(DBN)

Mexico's Credito Real Requests to Enter U.S. Chapter 15 Bankruptcy Procedure
(DBN)

____________

Sales:

Section 363(m) Circuit Split Headed for SCOTUS Review
(DBN)

____________

Constitution:

The Fee Hike Dilemma: The U.S. Supreme Court Resolves Fee Dispute and Holds Fee Hike Unconstitutional
(DBN)

____________

Mass Torts:

The Texas Two-Step: The Code Says it's a Transfer
(DBN)

____________

Avoidance Actions:

Bankruptcy Court Avoids Loan Obligation as Fraudulent Transfer and Orders the Repayment of Pre-Judgment Payments and Interest
(DBN)

Bankruptcy Court Avoids Debtors' Guarantee as a Fraudulent Transfer
(DBN)

Texas Bankruptcy Court Rejects Rejects Use of Ponzi-Scheme Presumption in "Ponzi-Like" Fraud Case
(DBN)

____________

Fiduciary Duty:

Delaware Bankruptcy Court Enters Judgment for Lender Due to Inadequately Pled Damages Despite Clear Breach of Fiduciary Duties
(DBN)

____________

Mediation:

Mediation-In-Bankruptcy: An Effective, But Difficult, Tool For Resolving Mass Tort Disputes
(DBN)

____________

Aviation:

Aviation faces hurdles to hit goals for cutting emissions
(DBN)

Saudi Arabia Slashes Airport Charges to Lure Airline Traffic
(DBN)

____________

Insurance:

Investigation into failed Florida insurance company underway
(DBN)

____________

Coal:

Coal's having a moment. It won't last
(DBN)

____________

Celebs:

'RHOBH' Star Erika Jayne's Ex Tom Girardi Tries To Save Furniture From Being Auctioned Off In Bankruptcy
(DBN)

____________

Retailing:

DIY Is Done as Economies Reopen And People Travel, Paintmaker Says
(DBN)

In the next few months, 60% of small retailers could shutter for good: report
(DBN)

Retail braces for the second half of the year, as cautious shoppers pay more but get less
(DBN)

Debt service challenges continue for American Dream mall
(DBN)

____________

Politics:

How 'Stop the Steal' Captured the American Right
(DBN)

Trump Still Wants Wisc. Election Overturned
(DBN)

Trump-backed election denier Dan Cox wins Maryland's GOP primary for governor • Cox Wins Maryland Race That Became Proxy War with Trump
(DBN)

Rise of the Republican Confederacy
(DBN)

Democrats boosted a MAGA longshot in the Pa. gov's race. Now he's got a real shot at winning.
(DBN)

It's not just Hunter Biden: Prepare for a 2023 packed with House GOP investigations
(DBN)

McConnell: Trump will face 'crowded' GOP field if he runs for president
(DBN)

Nikki Haley hints at 2024 White House bid: 'Sometimes it takes a woman'
(DBN)

Trump demands NY Times, Washington Post return Pulitzers for Russia hoax • Trump responds to Pulitzer rejection of demand to revoke reporting awards
(DBN)

House Republican who voted against certifying 2020 election results now says Trump 'lost his mind' and that it 'would be best for the party' if someone else led it in 2024
(DBN)

Senate panel advances Finland, Sweden NATO bid
(DBN)

What Biden wanted in the Middle East — and what he actually got
(DBN)

Democrats want Biden to go scorched-earth on GOP
(DBN)

Democrats have no appetite to punish Joe Manchin • Heinrich: 'Not fair' for Manchin 'to string people along for a year'
(DBN)

Oklahoma town's first openly gay mayor resigns, citing harassment
(DBN)

'Ben Shapiro, you've spun your last dreidel,' says armed far-right activist in video
(DBN)

Georgia GOP Senate hopeful Herschel Walker in 2019 falsely claimed to be FBI agent
(DBN)

GOP's grassroots money problem
(DBN)

Black Districts Gutted as Suburban Flight Reshapes Congress Maps
(DBN)

____________

Sovereigns:

Sri Lanka's political turmoil sows worries for recovery • Sri Lanka Parliament to Vote in New Leader as Economy Spirals • Sri Lanka Gets a New President
(DBN)

Zambia Creditors To Commit To Debt Relief Needed For IMF Funding - Source
(DBN)

Ukraine Seeks Foreign-Debt Payment Halt as War Undercuts Economy
(DBN)

____________

UK:

Ireland braced for more Brexit bickering even after Boris Johnson
(DBN)

Comparisons to Britain's Summer of 1976 Abound. They're Misleading • UK breaks record for highest temperature as Europe sizzles • British Rails Buckle Under Record Heat in Europe's Summer of Woe • London's burning: At least four major fires tear through city destroying houses
(DBN)

Want to Stay Cool in UK for 24 Hours? It'll Cost Households
(DBN)

Top City of London Staff Triggered Nearly 650 Covid Misconduct Alerts
(DBN)

UK Inflation at New 40-Year High Worsens Living Standards Crisis
(DBN)

UK Finance Directors Brace for Recession and Higher Inflation
(DBN)

UK Wealth Gap Increases By £300,000 Since 2006, Resolution Finds
(DBN)

UK Consumers Starting to Doubt Quality of Food at Supermarkets
(DBN)

____________

Canada:

End of COVID relief, high interest rates, and inflation causing rise in insolvencies: BC lawyers
(DBN)

Toronto Offers Glimpse of Housing Pain as Renovations Slow Down
(DBN)

____________

Taiwan:

EU Envoy Endorses China's 'Peaceful Reunification' With Taiwan
(DBN)

____________

China:

Xi Faces Surprise Revolt From Chinese Homebuyers on Mortgage Boycott • China's homebuyers are running out of patience with the real estate slump • China's Mortgage Boycott Capital Plans Property Bailout Fund
(DBN)

It's Not Just China Homebuyers. Now Property Suppliers Are Boycotting Loans.
(DBN)

China Junk Bonds on Brink of Record Low as Property Woes Grow
(DBN)

Authorities in south China apologize over COVID-19 break-ins
(DBN)

US debt held by China drops to lowest in 12 years
(DBN)

____________

Russia:

Russia Says It's Losing Because Ukraine Has Experimental Mutant Troops Created in Secret Biolabs • Putin believes he's winning in Ukraine but will become 'most dangerous' when he thinks Russia is losing, expert warns • Russia says peace in Ukraine will be on its terms, strikes multiple targets • White House: Russia planning to annex more Ukrainian territory
(DBN)

18 Republicans — including MTG, Matt Gaetz and Lauren Boebert — voted against Sweden and Finland joining NATO
(DBN)

____________

Japan:

Japan Buys Most Expensive Gas Shipment as Energy Crunch Bites
(DBN)

____________

Indonesia:

Restructuring and Insolvency in Indonesia: Overview
(DBN)

____________

Hong Kong:

Fewer bankruptcies seen in June
(DBN)

Hong Kong Ends Mandatory City-Run Isolation for Covid Variants
(DBN)

____________

India:

Amazon Fails to Halt India's Future Retail Going into Bankruptcy
(DBN)

____________


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