July 7, 2022

The Daily Bankruptcy News

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Law:

Leading Restructuring Partner Steve Hessler Joins Sidley as Global Practice Leader
(DBN)

'Uptick' in Bankruptcy Action Has Sidley Hunting for Lawyers
(DBN)

Judge approves $21M settlement in LeClairRyan bankruptcy dispute
(DBN)

Big Law Sees 'End of Cycle' for IPO Work, Lawyer Recruiting War
(DBN)

These Biglaw Firms Are Looking Out For Their Employees Post- Dobbs
(DBN)

Napping Can Make Lawyers More Productive
(DBN)

Citing disbarred lawyer's 'grudging acceptance of responsibility,' judge bars readmission in federal court
(DBN)

Former White House counsel Pat Cipollone to testify before Jan. 6 committee Cipollone Is Up! Let Me Go Prepare My Popcorn Mulvaney: Republicans should pay attention to Jan. 6 hearings Capitol Police say a Jan. 6 defendant's demands could expose secret security features Why the Jan. 6 Committee Is Talking About Justice Department Independence National Guardswoman Who Wore 'I'm a Trump Girl' Shirt Inside U.S. Capitol on Jan. 6 Pleads Guilty to Misdemeanor Jan. 6 Defendant and Apparent 'Deep State' Believer Wants Federal Judge Who Also Presides over Surveillance Court to Try His Case Without a Jury 'We Got Our Point Across': Virginia Man Who Was Defiant After Breaching the Capitol Pleads Guilty to Trespass and Theft
(DBN)

Trump's 'Big Lie' Election Lawyers Now Making A Killing As 'Go-To Attorneys For MAGA Extremists'
(DBN)

Donald Trump wants to sue former FBI officials Lisa Page and Peter Strzok, but can't find them after a half-dozen tries since March
(DBN)

What's going on with Georgia's Trump investigation? Rudy, Jenna, Cleta, And Lindsey Join The Georgia Subpoena Club Lindsey Graham Taps Nelson Mullins to Fight Georgia Subpoena
(DBN)

Georgia opens investigation into whether Dems violated state electioneering law
(DBN)

Lindsey Graham to fight Trump investigation subpoena
(DBN)

Real estate firm held in contempt of court in Trump probe
(DBN)

Immigrant 'Dreamers' Await Outcome of US Court Challenge to DACA
(DBN)

Airbnb Hosts Navigate Legal Maze Amid State Abortion Bans Texas Abortion Clinic Provider Plans Move to New Mexico After Court Ruling Survey: Over half of Americans disapprove of Supreme Court overturning Roe v. Wade Prenatal screening brings risk in post-Roe landscape Abortion 'abolitionists' seek equal protection rights for fetuses, prosecutions of women Scramble as last Mississippi abortion clinic shuts doors DeSantis stays quiet on abortion future in FL as Republicans strategize To get banned pills, patients turn to legally risky tactics Biden Orders Flags Be Flown at Half-Staff After Highland Park Shooting
(DBN)

DOJ Investigating Texas' Operation Lone Star for Alleged Civil Rights Violations
(DBN)

Billionaire's Jeweler Pays $7.5 Million Crypto Ransom to Hackers
(DBN)

Highland Park shooting suspect charged with 7 counts of first-degree murder with 'dozens more' to be pursued, state attorney says 'Mass shooter' Robert E. Crimo changed during Covid lockdown and 'wasn't the same' Illinois Governor Criticizes NRA After Fourth of July Shooting Police say Highland Park suspect contemplated second shooting Crimo dad washes hands of guilt but talked with son about a mass shooting night before Highland Park massacre Crimo's Dad Helped His Son Buy Gun Who are Crimo's Parents IL: Gunman's Past Threat Against Family Highland Park shooter Robert Crimo painted eerie gun mural on mom's home How parade horror unfolded: Marching band, then gunshots Should red-flag law have stopped parade shooting?
(DBN)

With little outcry, Chicago's bloody weekend eclipsed Highland Park toll
(DBN)

Police: July 4 mass shooting thwarted in Virginia's capital
(DBN)

Police Officer Asked for Permission to Shoot Instead of Firing Right Away as Uvalde Gunman Approached Elementary School: Report
(DBN)

Minneapolis police officer convicted in George Floyd's death awaits federal sentencing
(DBN)

Court rules in favor of alleged sex-trafficking victim accused of homicide
(DBN)

Seattle Police Dept. asks court to refire parking officer who "advocated lynching"
(DBN)

Warnock used campaign funds to fight personal lawsuit
(DBN)

The City Where Investigations of Police Take So Long, Officers Kill Again Before Reviews Are Done
(DBN)

Florida man may have gotten away with murder had he emptied his own trash
(DBN)

Colorado Woman Who Operated Funeral Home for People with 'No Resources' Pleads Guilty to 'Harvesting and Marketing' Human Body Parts
(DBN)

A Woman Who Killed Her Rapist Gets Major Victory as Wisconsin Supreme Court Rules that She Can Claim Self-Defense
(DBN)

Man jailed for killing rooster
(DBN)

Teen charged in deadly fire challenges police use of Google searches to find suspects
(DBN)

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Judges:

Supreme Court Officials SHOCKED To Learn That Supreme Court Rules Apply To The Supreme Court
(DBN)

SCOTUS Partisan Divide Greatest in Decades
(DBN)

This Supreme Court Justice Just Loves Talking
(DBN)

Warren Buffett's Berkshire Hathaway is so big that it's sparking conflicts of interest — as judges who own its stock don't always realize when a case involves a subsidiary
(DBN)

Emails Show Biden Planned to Nominate Anti-Abortion Judge the Day Roe Fell
(DBN)

Judge who wasn't satisfied with plea deal kicks entire prosecutor's office off the case
(DBN)

Court Orders Ex-Wisconsin Supreme Court Justice Hired by Republicans to Investigate 2020 Election to Stop Deleting Records
(DBN)

Why Democrats Give Up Judges for McConnell
(DBN)

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Wall Street:

Stock futures are higher following third straight day of gains for the S&P 500

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Layoffs:

Are widespread layoffs coming? How the pandemic has changed employers' recession strategy
(DBN)

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Student Debt:

Biden administration plans to make sweeping changes to 'broken' student loan system
(DBN)

Education Department looks to improve loan forgiveness for defrauded students
(DBN)

Biden administration seeks to curb student loan interest and simplify relief programs. Biden's Team Aims to Ease Burden for Student Borrowers With Curbs on Interest
(DBN)

A new student-loan company is now taking over the accounts of public servants seeking debt cancellation
(DBN)

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Private Equity:

How Foreign Private Equity Hooked New England's Fishing Industry
(DBN)

Private equity may be heading for a fall
(DBN)

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Retailing:

A 61-year-old retiree says she bought $100 coats for $2.75 apiece as bargain stores are flooded with overstock from big retailers, report says
(DBN)

Falling Gasoline Prices in US Bring Higher Profits for Retailers
(DBN)

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Tax:

Ken Griffin Spent $54 Million Fighting a Tax Increase for the Rich. Secret IRS Data Shows It Paid Off for Him.
(DBN)

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Cannabis:

Democrats press Biden to use 'existing authority' to take step toward marijuana legalization
(DBN)

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Healthcare:

Monkeypox cases in New York City double in past week
(DBN)

Super-infectious BA.4, BA.5 push L.A. coronavirus cases to highest levels in 5 months
(DBN)

CDC adds Sweden, two other nations to high-risk
(DBN)

Europe Is at Center of New Wave of Covid Infections, WHO Says
(DBN)

If embryo now person, mortality rates just soared in Alabama
(DBN)

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Economy:

Key Takeaways From Minutes of Fed's June Interest-Rate Meeting Fed officials worried about inflation becoming 'entrenched' Sharply higher rates may be needed to quell inflation: Fed Fed sees 'more restrictive' policy as likely if inflation fails to come down, minutes say FOMC Minutes "Near-term inflation outlook had deteriorated"
(DBN)

Treasury yields extend gains; bond markets still flash recession warning signal
(DBN)

US start-up funding drops for first time in 3 years as warning bell sounds
(DBN)

Today's global economy is eerily similar to the 1970s, but governments can still escape a stagflation episode
(DBN)

Clashing market forces could lead to a stagnant economy instead of a recession, Jim Cramer says
(DBN)

The Infamous 1972 Report That Warned of Civilization's Collapse
(DBN)

US Pandemic Checks Had No Lasting Impact on Poor, Study Shows
(DBN)

US Job Openings Dip Slightly to 11.3 Million, Remain Near Record U.S. Job Openings Fall Less Than Expected in May Job openings eased, in a sign of the cooling labor market.
(DBN)

ISM® Services Index Decreased to 55.3% in June, Employment Contracted
(DBN)

NYC Mayor Adams Hikes Lifeguard Pay Over 20% Amid Staff Shortage
(DBN)

States get creative to ease labor shortage
(DBN)

US Services Gauge Slips to Lowest Level in More Than Two Years U.S. Service Sector Activity Cools in June; Employment Measure Contracts
(DBN)

Experts forecast higher unemployment, slow job growth in the next year
(DBN)

Corporations' thirst for profits isn't to blame for inflation, economists say
(DBN)

White-Hot Metal Market Cools in Warning for Global Economy
(DBN)

Oil, lumber and copper are key commodities signaling a recession is likely to hit this year, a veteran market strategist says
(DBN)

'Big Short' investor Michael Burry predicts higher long-term inflation — and points to labor shortages and the onshoring boom as key drivers 'Big Short' investor Michael Burry predicts 'long-term inflation'
(DBN)

One-Tenth of the World Is Hungry, and War Risks Worsening the Crisis Global hunger figures rose to 828M in 2021, UN says
(DBN)

Austria Seizes Gas Storage Space Left Empty by Russia's Gazprom HSBC Is  in Talks to Sell Russian Unit to Expobank, Sources Say Germany Gives Itself Option to Tighten Grip Over Ex-Gazprom Arm Russia pockets $24bn from selling energy to China, India Scholz Accuses Putin of Using Natural Gas Deliveries as a Weapon Gas Crunch to Haunt Europe for Winters to Come, LNG Lobby Says Russia Is Targeting Europe With Weaponized Kazakh Crude US, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War Financing EU to Discuss Winter Gas Contingency Plans at Emergency Meeting European Power Prices Jump as Germany Set to Curb Gas Plants
(DBN)

U.S. Law Firm to Represent Russian Oligarch Roman Abramovich as U.S. Seeks to Seize His Planes
(WSJ)

Texas's Business Allure Defies Abortion Politics, for Now
(DBN)

How Republican-Led States Are Targeting Wall Street With 'Anti-Woke' Laws
(DBN)

As Central Banks Follow New Zealand's Lead, All Eyes Are on Its Next Move
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage applications fall for second straight week
(DBN)

Black Knight Mortgage Monitor: "Early signs of cooling in the housing market"
(DBN)

Here's how much Manhattan apartment sales fell the last three months
(DBN)

Moving from sizzle to simmer: Las Vegas home market shifting gears
(DBN)


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Municipalities:

In Miami, a Pandemic-Fueled Boom
(DBN)

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Oil/Gas:

Oil's Latest Slump: Goodbye Inflation Trade, Hello Recession
(DBN)

Gas prices have fallen for three straight weeks after record highs
(DBN)

Citi's Morse Says Oil Demand Will See Further Downward Revisions
(DBN)

Brent Crude Falls Below $100 for First Time Since Late April
(DBN)

The Cost of Sand Has Spiked 150% in Texas
(DBN)

Shell Decides to Build Europe's Largest Green Hydrogen Plant
(DBN)

FactCheck: "American oil is … more affordable" than foreign oil
(DBN)

US College Students Are Shunning Oil-Industry Degrees for ESG Future
(DBN)

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Fraud:

Ex-Goldman Banker Tim Leissner's 1MDB Sentencing Delayed Until 2023
(DBN)

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Food/Beverage:

How a Multimillion-Dollar Ice Cream Startup Melted Down (and Bounced Back)
(DBN)

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Solar:

One-third of global PV manufacturing capacity is at medium or high risk of bankruptcy, IEA says
(DBN)

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Cruise Lines:

With Crystal Cruises revival, a major miracle
(DBN)

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Debt Collection:

How to enforce that judgment: Think like a bad debtor
(DBN)

____________

Autos:

Feckless Driving? Despite Gas Prices, Americans Smash Records By Buying Big, Expensive Vehicles
(DBN)

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Pharma:

Democrats Offer Plan to Cut Drug Costs, Seeking Climate and Tax Deal
(DBN)

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Personal Finance:

How much cash you need to ride out a recession at different life stages, according to advisors
(DBN)

____________

Celebs:

Meet the Ex-NFL Player Whose UBS Team Keeps Athletes and Entertainers From Going Broke
(DBN)

____________

Politics:

Trump White House bid threatens GOP midterm strategy Trump flirtation with 2024 run growing more serious
(DBN)

The Don's new money-maker: Political speeches to fans
(DBN)

Democrats are livid — why isn't Biden?
(DBN)

As some Democrats grow impatient with Biden, alternative voices emerge
(DBN)

Gavin Newsom is a stronger 2024 presidential candidate than Kamala Harris, poll says
(DBN)

Democrats seize on abortion as midterm issue
(DBN)

A Viable Third Party Is Coming, and It's Starting With a New Jersey Lawsuit
(DBN)

Conservative pastor brandishes AR-15 against 'Democrats in klan hoods' in viral campaign ad
(DBN)

The Permanent Unpopularity of the American President
(DBN)

Boebert Gets History Lesson After Decrying Biden Official's Comment on Defending 'Liberal World Order'
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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 Statistics:

Commercial Chapter 11 Filings Increase 29 Percent in June from Last Year, Total Filings Decrease Slightly
(DBN)

______________

IP:

ABI's Industry Viewpoint Interview: Intellectual Property And Bankruptcy
(DBN)

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Mass Torts:

Bankruptcy judge considers independent valuation of J&J cancer claims
(DBN)

J&J Talc Judge Weighs Expert Help to Value Cancer Claims
(WSJ)

____________

Aviation:

Why Non-US Airlines Are Filing For Chapter 11 Bankruptcy Protection
(DBN)

United Air Blames FAA's Control System for Snarling US Aviation
(DBN)

American Airlines pilots get triple pay for trips dropped in scheduling glitch
(DBN)

I'm a flight attendant for Lufthansa. Cuts have led to total chaos — and ruined my personal life Lufthansa Workers Decry Low Pay, Poor Service Ahead of Meeting
(DBN)

British Airways Scraps Another 10,300 Flights on Staff Woes
(DBN)

86-year-old woman recognized as world's longest-serving flight attendant
(DBN)

Airline SAS traffic surges in June ahead of strike Factbox: FACTBOX Airline SAS files for U.S. bankruptcy protection
(DBN)

____________

Crypto:

FDIC insurance doesn't protect Voyager against bankruptcy, says MCB Voyager faces delisting from Toronto Stock Exchange after bankruptcy filing Voyager account holders likely won't get all their crypto back Voyager crypto firm loaned US$377 mln to Sam Bankman-Fried's Alameda Research Crypto billionaire's firm is all things to bankrupt Voyager In Voyager Bankruptcy, Crypto Trading Firm Alameda Is Creditor, Shareholder and Borrower Dallas Mavericks fans fume at Mark Cuban over Voyager crypto bankruptcy
(DBN)

Genesis Reveals Exposure to Bankrupt Three Arrows Capital
(DBN)

Cumberland Says Financially Burdened Crypto Firms Are 'Hanging Over the Market Like a Cloud'
(DBN)

Factbox-Crypto lenders run into difficulties
(DBN)

Celsius Shuffles Directors as Liquidity Crisis Continues
(DBN)

____________

Climate:

Scorching Heat Tops 100 Degrees in US Cities Across the Plains, South
(DBN)

Sea level rise from climate change is threatening home septic systems and public health
(DBN)

EU Slammed Over Gas Vote as Bankers Warn of New Greenwash Risks
(DBN)

KLM Accused of Greenwashing in Suit Over 'Fly Responsibly' Ads
(DBN)

UK Leaves Door Open for Coal Comeback in Bid to Keep Lights On UK's Drax to Extend Life of Coal Units to Secure Winter Supplies
(DBN)

Heat domes spike in Europe as climate change helps shift weather patterns
(DBN)

Great Salt Lake drops below historic low level
(DBN)

The Southwest is bone dry. Now, a key water source is at risk.
(DBN)

____________

Sovereigns:

Ghana Says It May Seek as Much as $1.5 Billion in IMF Support
(DBN)

Sri Lanka says it is 'bankrupt' as financial crisis ravaging the country deepens Sri Lanka Asks Putin for Help with Fuel
(DBN)

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UK:

The Once-Unthinkable Is Now In Sight for Battered British Pound Political Chaos Keeps Pressure on Pound After Double-Digit Loss
(DBN)

BOE Chief Economist Signals He's Ready to Hike Rates Faster
(DBN)

UK House Building Slows Despite Record Prices as Outlook Dims
(DBN)

UK Grid Turns Screws on Industry to Cut Winter Gas Use
(DBN)

Boris Johnson WON'T resign as he desperately clings on to PM job after his darkest day Boris Johnson to resign as prime minister Boris Johnson's Terrible Legacy Boris Johnson Odds: Who Are the Front-Runners to Replace UK PM? Boris Johnson's No. 10 Sees Maximum Danger as Top Ministers Quit Boris Johnson's downfall Boris enters the end game as Tory revolt becomes tidal wave How Boris destroyed Boris Johnson Ally Shapps in Delegation Calling on UK Premier to Quit
(DBN)

Government Chaos Sparks City of London Fears of Yet More Limbo
(DBN)

Resignation of UK's Sunak Could Sink Power Windfall Tax British Business Relishes Prospect of Post-Sunak Tax Relief
(DBN)

UK Plan on Brexit Seriously Harms EU's Interests, Sefcovic Says
(DBN)

UK Shoppers Shift to Supermarket Brands as Inflation Bites
(DBN)

____________

EU:

Is The European Union Speaking With One Voice On Restructuring?
(DBN)

____________

Canada:

Toronto Home Prices Drop for Fourth Month and Sales Plunge 41%
(DBN)

As Canada's Government Spends, Central Bank Bears Burden of Taming Inflation
(DBN)

____________

France:

France Seeks to Nationalize Nuclear Giant EDF to Ride Out Energy Crisis
(DBN)

____________

Russia:

Kremlin Pushes New Wave of Repression at Home as War Drags On
(DBN)

Top Russian Official's Crazed Threat: Alaska Takeover Could Be Next
(DBN)

Americans' preparedness to pay a price for supporting Ukraine remains robust
(DBN)

Ukraine Doubts Deal to Unblock Grain Exports Will Happen Soon
(DBN)

Russia claims advanced US rocket launchers destroyed in Ukraine Ukraine Says Western Weapons Begin to Help as It Raises Flag on Snake Island Ukrainians cling to life at front line: 'We are patriots'
(DBN)

____________

Germany:

Scholz Promises Germans More Support to Cushion Inflation Blow
(DBN)

German Auto Supplier Desperate for Workers Wants More Immigrants
(DBN)

____________

China:

China: MI5 and FBI heads warn of 'immense' threat China cushioning itself from sanctions ahead of threatened Taiwan invasion, warns FBI US Intelligence Warns of Chinese Influence Effort Against States
(DBN)

Beijing Rolls Out China's First Ever Covid Vaccine Mandate
(DBN)

____________

Hong Kong:

Hong Kong Health Officials Warn City's Outbreak Is Worsening
(DBN)

Top US Official in Hong Kong Offers 'Grim Accounting' of City's Future
(DBN)

____________

Taiwan:

Taiwan Inflation Reaches 14-Year High, Adding to Economy's Woes
(DBN)

____________

Brazil:

Brazil at risk of unrest more severe than Jan 6 U.S. riots, warns elections chief
(DBN)

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