June 14, 2022

The Daily Bankruptcy News

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Law:

Law Firm Lays Off 10% Of All Timekeepers Due To 'Decrease In Demand'
(DBN)

From Russia -- With Lawyer Sanctions
(DBN)

Oopsie! Top Law School Shares Student GPAs -- And More Sensitive Data -- With Student Body
(DBN)

In what may be a first, study publishes empirical data about Black law students' race and ethnicity
(DBN)

Lawyer population is up 6.6% in 10 years; percentage of Black lawyers remains the same, new ABA survey says
(DBN)

Yup, The Number Of Lawyers In The Country Is Only Going Up
(DBN)

Women Law Partners Weigh in on How to Close the Pay Equity Gap
(DBN)

Preet Bharara Returns To Biglaw
(DBN)

What Great Lawyers Write Down When Depositions End
(DBN)

Ex-Trump campaign manager pulls out of Jan. 6 hearing What Trump Knew, and When, Is Focus as Jan. 6 Hearings Resume Trump Official Tells Jan. 6 Committee a 'Definitely' Drunk Giuliani Fueled Trump's Stolen Election Belief Trump's Team Was at Odds With 'Inebriated' Rudy Giuliani on Election Night Trump Lawyer Rudy Giuliani Was 'Definitely Intoxicated' the Night He Told the 45th President to Just Say He Won, a Top Advisor Tells Jan. 6 Committee Jan. 6 panel makes case election fraud claims were Trump vs. 'Team Normal' Philadelphia election official says his family got death threats when he refuted claims dead people voted and AG Bill Barr says it was like 'playing whack a mole' with Trump's 'silly' allegations Trump's attorney general said the president showed no interest in 'actual facts.' Ex-AG Bill Barr testified there's an 'obvious explanation' why other Pennsylvania Republicans fared better than Trump in 2020, and it wasn't voter fraud Here is Barr's point-by-point rebuttal of Trump's fraud claims Former AG Bill Barr says Trump was fixated on 'crazy' voter-fraud allegations and had no interest 'in what the actual facts were' Barr: Trump became 'detached from reality' after 2020 election loss In Jan. 6 hearing, former AG Bill Barr discredits '2,000 Mules' voter fraud film The panel probing the attack on the Capitol detailed how those around Trump told him he lost the 2020 election -- but he refused to listen Trump's inner circle testifies his claims were bogus Chris Wallace: Jan. 6 panel painting Trump as a 'loser in a naked grab for power' following election Who's testifying at the second Jan. 6 committee hearing Dad who took Confederate flag into Capitol on trial with son Jan. 6 panelists: Enough evidence uncovered to indict Trump Team Putin in a Panic Over Jan. 6 Hearings 'Lynching Trump' Takeaways from Monday's January 6 hearing 4 takeaways from Day 2 of the Jan. 6 hearings Fox News reverses course and decides to broadcast second day of Jan. 6 hearing For Those Watching Fox News, Hearing Highlights Network's Own Role Byung J. Pak, a former U.S. attorney in Atlanta, is testifying about his investigation of voter fraud in Georgia Jan. 6 panel says Trump preyed on small campaign donors The Jan. 6 hearings are exposing just how divided America has become Here are main takeaways from the Jan. 6 Capitol riot committee's second hearing Lawyer's January 6 Testimony A Bit At Odds With Lawyer's January 6 Behavior Jan. 6 Committee Finds Misleading 'Big Rip-Off' Pro-Trump Ads Raised $250M Peddling the 'Big Lie,' Lets Others Decide 'Whether That's Criminal'
(DBN)

Benjamin Ginsberg, an election lawyer, has been one of Trump's foremost Republican critics.
(DBN)

Longtime GOP Election Lawyer Whose Florida Recount Work Led to Bush v. Gore Win Tells Jan. 6 Committee: Trump Lost and It 'Was Not Close'
(DBN)

Judge To John Eastman: Did I Stutter?
(DBN)

Peter Navarro: Pro Se Lawyer Extraordinaire!
(DBN)

Former Trump lawyer Jenna Ellis joins Mastriano's campaign team
(DBN)

Big Law Attorneys Take Spotlight in Jan. 6 Hearings This Week
(DBN)

Avenatti says he wants to plead guilty to California charges
(DBN)

Patriot Front leader among those arrested near Idaho Pride White nationalists accused of planning riot are bailed out of Idaho jail Patriot Front and the Next Stage of the Culture War Texas-based hate group was behind attempted riot at Pride event in Idaho, authorities say
(DBN)

Supreme Court says bond hearings not required for some detained noncitizens
(DBN)

Government expands investigation into Trump's social network deal
(DBN)

DOJ Antitrust Honchos Drew Millions From Google-Backed Groups
(DBN)

Brookings president resigns amid FBI foreign lobbying probe
(DBN)

Texas shooting records could be blocked by legal loophole
(DBN)

Man armed with gun killed by officers after walking into summer camp facility near Dallas, police say
(DBN)

Amber Heard says she doesn't blame jury in Depp libel case Johnny Depp's lawyer Camille Vasquez spotted celebrating with her team Amber Heard Says Social Media 'Hate and Vitriol' Made Johnny Depp Verdict Preordained: 'How Could They Not Come to That Conclusion?' Amber Heard argues the jury thought she was lying because it listened to testimony from Johnny Depp's 'paid employees' and 'randos'
(DBN)

A Credit Suisse exec was fired after coworkers identified him in a viral video that showed him attacking staff at a Koreatown restaurant
(DBN)

'In essence, we lied.' Ex-associates say Infowars has never been about truth
(DBN)

ABA Legal Fact Check: Roe v. Wade at Risk Amid Supreme Court's Lengthy History of Overturning Precedent Abortion protections in New York fortified ahead of SCOTUS ruling Restrictions vs protections: How U.S. states are taking sides on abortion Planned Parenthood Builds Staff Network to Help U.S. Women Navigate Abortion Hurdles
(DBN)

Education program offers incarcerated the chance to earn law degree
(DBN)

Are driverless car searches constitutional?
(DBN)

Man Wanted in Missing Texas Woman's Murder Googled 'How to Be a Serial Killer' and 'How to Get Away with Murder': Cops
(DBN)

'The Wrong Wife': Author of 'How to Murder Your Husband' Sentenced to Life in Prison for . . .
(DBN)

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Judges:

Conservative bench's new war on federal regulatory agencies
(DBN)

Conservatives pan media coverage of threat to Justice Kavanaugh's home
(DBN)

Judge's error of law is 'mistake' under rule allowing reopened judgments, Supreme Court rules
(DBN)

Sotomayor argues Texas court defied SCOTUS ruling in ineffective counsel case
(DBN)

These 3 Supreme Court justices each earned more than $100K from book projects last year
(DBN)

Defendant Who Called Judge 'Racist as F***' at Sentencing Shouldn't Have Been Punished with 6 Additional Years of Prison, Ohio Supreme Court Rules
(DBN)

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Wall Street:

Stock futures rise as Wall Street looks to bounce from Monday sell-off
(DBN)

The S&P 500 is now in an official bear market, according to S&P Dow Jones Indices S&P 500 tumbles nearly 4% to new low for the year, closes in bear market territory
(DBN)

Markets tumble worldwide, bear market growls on Wall Street
(DBN)

S&P 500 slips into a bear market as US stocks plunge on fears of a big rate hike after brutal inflation reading
(DBN)

Morgan Stanley Says Consumer Weakness Threatens Stocks
(DBN)

Corporate debt ETFs plunge, head for worst day since March 2020, as inflation shows no sign of a peak
(DBN)

'Profit recession' warning as markets wait for aggressive central bank moves
(DBN)

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Layoffs:

BlockFi to lay off 20% of employee, the latest crypto company scaling back headcount
(DBN)

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Tech:

Five Things Google's AI Bot Wrote That Convinced Engineer It Was Sentient Google Suspends Engineer Who Claimed AI Bot Had Become Sentient Google's AI Isn't Sentient, But It Is Biased and Terrible 'Sentient' artificial intelligence: Have we reached peak AI hype?
(DBN)

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Hotels:

Luxury Hotel Concierges Are Once Again Essential—Except to Restaurants
(DBN)

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Trucking:

EV-Truck Startup Electric Last Mile Says It Plans to Liquidate
(DBN)

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Student Debt:

If you're a government or nonprofit worker who wants student-loan forgiveness, you have 5 months left to use a waiver that'll bring you closer to that relief
(DBN)

A 61-year-old student-loan borrower chooses between paying her debt and paying for health insurance — and Biden's forgiveness plans won't help
(DBN)

The long road to student loan forgiveness: How one legal aid attorney finally got there
(DBN)

____________

Celebs:

Former NBA star Delonte West seen begging on the street 10 years after playing alongside LeBron James
(DBN)

Joe Gorga goes off on tenant who allegedly hasn't paid rent in 4 years
(DBN)

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Education:

US education: soaring costs will curb recessionary admissions surge
(DBN)

Ohio Law Makes Arming Teachers Easier
(DBN)

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Politics:

American gerontocracy
(DBN)

Vulnerable Dems run against Washington — and their party
(DBN)

Senate negotiators announce a deal on guns, breaking logjam What the Senate's bipartisan gun deal would change
(DBN)

If Republicans win in midterm elections, watch for action on gas tax holiday, child tax credit and crime, expert says
(DBN)

White House takes new look at federal gas tax holiday
(DBN)

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Economy:

Five High Frequency Indicators for the Economy
(DBN)

Americans Suffer Pay Cut as Inflation Outpaces Wage Growth
(DBN)

U.S. small-business sentiment dips in May -NFIB
(DBN)

Stagflation Fears Surge And 'Sentiment Is Dire' In BofA Survey
(DBN)

Expectations for inflation and spending hit record levels in May, New York Fed survey shows Inflation could hit 9% — and prices increases would have been 'partially avoidable' if the Fed had acted sooner, top economist Mohamed El-Erian says
(DBN)

Fed reportedly considering hiking interest rates by three-quarters of a point this week
(DBN)

'Prices will not come back down': Americans dip into their savings to cope with record-high inflation
(DBN)

The pandemic broke the Fed's model; this week may show how much
(DBN)

The Fed may have to do something it hasn't done since 1994 to tame inflation
(DBN)

Dollar climbs to 20-year high as investors ramp up bets on the biggest Fed rate hike since 1994
(DBN)

The US will tumble into a recession as inflation soars, 70% of top economists say
(DBN)

Inflation and spending expectations hit record levels in May, New York Fed says
(DBN)

US Bond Market Flashes Recession Warning as Yield Curve Inverts
(DBN)

French Finance Minister: rising U.S. bond yields show that 'era of cost-free money is over'
(DBN)

Another key measure of Treasury yield curve nears inversion, underlining recession fears
(DBN)

Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances
(DBN)

Lawmakers struggle to address food inflation
(DBN)

The Russian invasion of Ukraine accounts for more than a third of U.S. inflation, forecaster says
(DBN)

Economists say Fed will stick to 50 basis points this week, Powell will open door to more aggressive action later
(DBN)

Economist Mohamed El-Erian: Most current inflation 'could have been avoided' if Fed acted earlier
(DBN)

Rising food prices are changing the way we eat and shop
(DBN)

Shocks to the unicorn system
(DBN)

Why Urban Life Suddenly Got Way More Expensive
(DBN)

India, China growing markets for shunned Russian oil Russia's Oil Revenue Soars Despite Sanctions, Study Finds Putin says it'll likely be years before the West can cut itself off from Russian oil and natural gas Dubai and UAE should be blacklisted and face sanctions for sheltering oligarchs and 'dirty money', activists say: report Wikipedia fights Russian order to remove Ukraine war information
(DBN)

Global Commodity Shock Is on Track for 1970s Level, Citi Says
(DBN)

Raw Materials Fetch Premium Prices
(DBN)

DHL Warns Supply Chain Won't Recover to Pre-Covid Days in 2023
(DBN)

'Not going to go back': Expert's horror supply chain prediction revealed
(DBN)

How the pandemic increased employment disruptions for working parents
(DBN)

Latest Shanghai quarantines add more pressure to global supply chain
(DBN)

64% of service sector workers report having unpredictable schedules
(DBN)

Hard to Find Workers to Build Infrastructure
(DBN)

Food crisis has potential to become extremely severe, professor says
(DBN)

Amazon's CEO Pay: 6,000 to 1 for Workers
(DBN)

The investor who spotted Madoff's fraud early has a whole new worry
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Embattled NJ developer files for bankruptcy
(DBN)

30-Year Mortgage Rates Increase to 6.13%
(DBN)

Housing Inventory June 13th Update: Inventory up 15.9% Year-over-year
(DBN)

Home-building costs rise at 'unprecedented rate,' Bank of America says. These materials are proving particularly expensive
(DBN)

Want to get a foot on the property ladder? These are the 'best' and 'worst' metro areas in America for first-time home buyers
(DBN)

2nd Look at Local Housing Markets in May, New Listings picking up
(DBN)

Good luck getting a foot on the property ladder: These are the 'best' and 'worst' metro areas in America for first-time home buyers
(DBN)

____________

Oil/Gas:

Drilling vs returns. U.S. oil producers' tradeoff as windfall tax threatens
(DBN)

Why This Oil Analyst Says Gas Prices May Head Even Higher, And What Will Bring Them Back Down
(DBN)

OPEC sees global oil demand growth slowing in 2023, sources say
(DBN)

Japan's Idemitsu to slash refinery capacity due to shrinking oil demand
(DBN)

The Oil Price Rally Shows No Sign Of Slowing
(DBN)

Libya's Oil Output Plunges Again on New Shutdowns, Says Minister
(DBN)

Why Is The UK Sending Gasoline To America As Prices Explode?
(DBN)

Electrifying Fleets One Solution to World's Car Obesity Problem
(DBN)

CEOs of GM, Ford and other automakers urge Congress to lift EV tax credit cap
(DBN)

EV startup Electric Last Mile Solutions files Chapter 7 bankruptcy liquidation Company that occupied old Hummer plant files for bankruptcy
(DBN)

____________

Religion:

Texas Archbishop has become a gun control advocate after Uvalde: 'We're supposed to promote life'
(DBN)

____________

Crypto:

Beware: The companies that hold your crypto aren't insured the way banks are
(DBN)

Coinbase plummets 15% as broad sell-off sees billions wiped from cryptocurrency market cap Will Coinbase go bankrupt?
(DBN)

Crypto markets reel as trading platforms suspend customer withdrawals
(DBN)

Bitcoin nears MicroStrategy 'margin call' price Bitcoin plunges as major crypto lender halts operations
(DBN)

Crypto lender Celsius pauses withdrawals due to 'extreme market conditions' Crypto Lender Celsius Freezes Withdrawals, Fueling Market Rout Nexo Steps in To Rescue Rival Celsius on Apparent Insolvency If crypto lending platform Celsius goes bankrupt, users might not be able to get their money back
(DBN)

Bitcoin drops below $24,000 as $200 billion wiped off crypto markets over weekend
(DBN)

Cramer dubs bitcoin collapse Crypto Monday, says many tech execs call it a con
(DBN)

Richard Branson Takes Aim at Crypto Scams That Use His Name as Lure
(DBN)

Crypto Hacks on Social Media Platforms Have Investors Paying Attention
(DBN)

Welcome to (another) crypto meltdown
(DBN)

____________

Retailing:

Amazon to deliver packages by drone, after a decade of promises
(DBN)

____________

Nursing Homes:

Bankrupt Nursing Home Chain Gulf Coast Says It Has New Deal With Creditors
(DBN)

____________

Healthcare:

More U.S. companies could introduce abortion benefits soon—here's what to know
(DBN)

US: Pfizer COVID-19 shot appears effective for kids under 5
(DBN)

Booster Shots Raise Shield For Elderly Threefold, Singapore Says
(DBN)

UK reports 104 more cases of monkeypox, mostly in men
(DBN)

Saudi Arabia eases mask mandate as first Hajj pilgrims arrive
(DBN)

You agreed to what? Doctor check-in software harvests your health data.
(DBN)

Those 'free' COVID tests you take? Labs are raking in millions in tax dollars, study says
(DBN)

Mick Jagger tests positive for Covid-19
(DBN)

Trudeau tests positive for Covid-19
(DBN)

Health Secretary Becerra tests positive for COVID-19 twice in less than a month
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (6 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

Small Business:

House advances bill to help small businesses during bankruptcy
(DBN)

____________

Bankruptcy Policy:

The 'Ideal Debtor' and the 'Traditional' American Household
(DBN)

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Mootness:

Supreme Court Refuses to Consider the Constitutionality of the Equitable Mootness Doctrine
(DBN)

____________

Aviation:

LATAM Airlines seeks bankruptcy court approval for $2.75 billion in exit loans
(DBN)

Aircraft Lessors Should Prepare for UK Restructuring Processes
(DBN)

Spanish Ryanair Cabin Crew Call For Six Days of Strikes Ryanair's French cabin crew strike, more than 40 flights canceled - union leader
(DBN)

SpaceX Wins Approval for Launch of Mars Rocket
(DBN)

American Airlines regional carriers hike pilot pay over 50% as shortage persists
(DBN)

Ryanair CEO says summer fares will be up 7%-9% on 2019 levels
(DBN)

Indonesian airline Garuda seeks to delay vote on debt restructuring proposal
(DBN)

____________

Climate:

Heat wave expands and intensifies, more records to fall Record-breaking heat wave envelops nearly 130 million in U.S.
(DBN)

'Delusional': UN chief slams new fossil fuel funding and warns of climate chaos
(DBN)

Wildfires ignite in Southwest as record heat wave threatens U.S.
(DBN)

Iraq's 'pearl of the south' Lake Sawa dry amid water crisis
(DBN)

Most Corporate Net-Zero Targets Are Weak And Vague, Report Says
(DBN)

Officials go door-to-door for mandatory evacuations after fire expands in Southern California
(DBN)

The Collapsing Atlantic Conveyor Current
(DBN)

____________

Sports:

PGA chief slams Saudi-funded league as series of exhibitions
(DBN)

Mickelson: 9/11? But I'm Getting $200 Million
(DBN)

____________

Mass Torts:

Why did BSA file for bankruptcy? Cause explored ahead of Hulu documentary Leave No Trace
(DBN)

U.S. Supreme Court rebuffs opioid maker Insys founder's conviction appeal
(DBN)

Backlash Over Southern Baptist Sex Scandal
(DBN)

____________

Flooring:

Will the Armstrong Flooring brand survive Chapter 11? That may be all that does
(DBN)

____________

Autos:

New car prices rose again, everyone's paying over sticker; when will the squeeze start to ease?
(DBN)

What Parking Is Costing U.S. Cities
(DBN)

Why You Can't Rent a Car Right Now
(DBN)

____________

Sovereigns:

Pakistan's Budget Isn't Enough to Unlock IMF Loan, Citi Says
(DBN)

Argentina bonds plumb record lows as market warning lights flash
(DBN)

Zambia first creditor meeting set for Thursday, finance minister says
(DBN)

____________

UK:

Far from being 'post pandemic,' UK Covid cases are on the rise again
(DBN)

UK Rwanda deportation ruling appealed as prince sparks row
(DBN)

UK Drivers Pay More Than £105 to Fill Up Car With Diesel
(DBN)

UK Economy Shrinks Unexpectedly as Covid-19 Testing Winds Down
(DBN)

The UK's Finance Cop Cracks Down
(DBN)

First UK flight sending asylum-seekers to Rwanda to go ahead after appeal fails
(DBN)

UK Says It Will Prioritize Food Security as Global Prices Soar
(DBN)

Johnson Drags UK Into Brexit Groundhog Day Over Northern Ireland
(DBN)

UK vows to 'remove' EU court from Northern Ireland Brexit protocol
(DBN)

Europe is prepping for a trade war no-one wants
(DBN)

____________

EU:

Europe's fear gauge just hit its highest level since May 2020
(DBN)

European Bond Rout Deepens as Bets on Half-Point ECB Hikes Build
(DBN)

Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down
(DBN)

European Gas Prices Drop as Muted Demand Offsets Supply Concerns
(DBN)

____________

Canada:

Veteran Restructuring/Insolvency Litigator Steven J. Weisz Joins Cozen O'Connor's Bankruptcy Group in Toronto
(DBN)

'Shoot a Jew in the head' graffitied near Toronto university
(DBN)

____________

Japan:

Yen slides to 24-year low against dollar
(DBN)

____________

Russia:

The battle of Donbas could prove decisive in Ukraine war Russia destroys bridge over Ukrainian river, cutting escape route Russia is reportedly tapping weak troop reserves, separatist conscripts to replenish Ukraine forces What next? Ukraine's allies divided over Russia endgame With Billions Going to Ukraine, Officials Warn of Potential for Fraud, Waste Police investigating killings of 12,000 Ukrainians in war Russia kills hundreds of Ukrainian civilians with banned cluster bombs
(DBN)

NATO chief says Sweden has taken "important steps" to meet Turkey's demands Swedish, US troops drill on remilitarized Baltic Sea island NATO chief Stoltenberg says Turkey's security concerns are legitimate
(DBN)

Ukraine slaps down Joe Biden over 'absurd' invasion claims
(DBN)

If Putin goes nuclear, Biden has a stark menu of options
(DBN)

Ukraine Once Helped Feed the World
(DBN)

____________

South Africa:

Deteriorating South African Energy Outlook Laid Bare in New Study
(DBN)

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Australia:

Australians Face Threats of Blackouts as Power Crisis Worsens
(DBN)

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Turkey:

Turkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes
(DBN)

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Hong Kong:

Hong Kong Travel Easing Drives Imported Cases to Pandemic High
(DBN)

____________

China:

China Company Registrations Plummet During Covid Lockdowns
(DBN)

Jake Sullivan holds "productive" 4.5-hour meeting with China's top diplomat
(DBN)

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South Korea:

Top Steelmaker in South Korea Halts Production on Trucker Strike
(DBN)

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Mexico:

Mexican Lender Is Battered by Missing Money, Hidden Losses
(DBN)

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Germany:

German Inflation Hits Five-Decade High, Confirming Preliminary Estimates
(DBN)

____________

India:

Where does IBC stand five years after RBI's 'dirty dozen' announcement?
(DBN)

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