June 15, 2022

The Daily Bankruptcy News

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Law:

The Office Exodus: Why Lawyers Are Trading Higher Salaries To Work From Home
(DBN)

2 law firms add dozens of lawyers through mergers with smaller firms
(DBN)

Law school admissions test experiments with new 'logic games' section, article with image
(DBN)

Biglaw's Making Strides Towards Diversity
(DBN)

Miss Manners Slam Dunks On Attorney Who Can't Wrap His Head Around Women Being Lawyers
(DBN)

Ex-Law Student Loses Bid To Get Cyberstalking Sentence Overturned In Case Over T14 Law School Rejection
(DBN)

Minnesota lifer will attend online law school accredited by the ABA after variance granted
(DBN)

Fennemore Merges to Add 56 Lawyers, Nearing 200 Biggest
(DBN)

Jan. 6 committee abruptly postpones Wednesday hearing Trump pressuring Pence over election is focus of next Jan. 6 hearing: Cheney Jan. 6 committee zeros in on Trump fundraising emails tied to fraud claims January 6 committee highlights Trump money trail after election loss Rudy Giuliani continued to make false claims to the January 6 panel that if they gave him 'the paper ballots,' he could overturn Biden's victory Giuliani: I Wasn't THAT Drunk Lawyers surrounding Trump rejected stolen election claims; Barr calls claims 'idiotic' and 'disturbing' Trump's ex-campaign manager Bill Stepien said he quit after the election because he 'didn't think what was happening was honest or professional' Inside the explosive Oval Office confrontation three days before Jan. 6 U.S. Capitol Police: Visit by 15 Constituents of GOP Congressman the Day Before Jan. 6 Was Not 'Suspicious' Trump releases 12-page response to Jan. 6 hearing Man who carried a Confederate flag inside the US Capitol was the 'complete opposite of pleasant,' cop testifies Rupert Murdoch's team has heard the Jan. 6 committee's message Capitol Police officer dismisses descriptions of Jan. 6 as a tour Jan. 6 panel's chair sparks pushback with criminal referral remarks The tale of two seditions: Justice and House disagree over Trump's Jan. 6 role Jan. 6 panel delves into Trump's motives with eye to DOJ Meet Greg Jacob, Pence lawyer who opposed 'made up' election theory, sent 'furious message' Jan. 6, 2021 Kansas Man Described as 'First-Degree Member' of the Proud Boys Pleads Guilty to Jan. 6 Charge Officer hailed as hero testifies at Capitol riot trial Thompson's claim that Jan. 6 committee won't criminally refer Trump or others to DOJ meets resistance from committee Raskin blames "semantic confusion" for divide over Jan. 6 criminal referrals Official who falsely claimed China changed votes with thermostats told DOJ officials Trump offered him attorney general after he talked about overturning election results The 22 wildest lines from Trump's 12-page statement on the Jan. 6 committee Jan. 6 committee says it has the goods — and I believe them. How it could still fail.
(DBN)

Jonathan Turley Sums Up January 6 Hearings Like He Didn't Watch January 6 Hearings
(DBN)

Rudolph Giuliani sues Smartmatic to recoup legal fees in Fox News lawsuit
(DBN)

White House attorney told Trump-allied lawyer seeking to fight Ga. results to get a criminal defense attorney
(DBN)

Alex Jones Lawyer Says He's 'Happy' to Join 'Righteous Fight' Defending Proud Boy Accused of Seditious Conspiracy
(DBN)

Trump to testify: New York's top court rejects Trump's Hail Mary appeal in ongoing civil probe
(DBN)

Federal judge to consider Steve Bannon's motion to dismiss contempt indictment
(DBN)

Coeur d'Alene police receive death threats for arresting Patriot Front members
(DBN)

Man Accused of Officer Caroline Edwards Assault Refuses Medical Exam, Allegedly Suggests Politicians 'Need to Go'—Possibly into a Woodchipper
(DBN)

Quick-thinking staffers save camp children from suspected gunman in Texas
(DBN)

Morticians describe the devastating toll assault-style weapons do to bodies
(DBN)

Watchdog group alleges maker of gun used in Uvalde school shooting violated law with donation 'They keep threatening to arrest us.' The obstacles facing local news in Uvalde Greg Abbott's handwritten notes raise fresh questions over who "misled" him about Uvalde shooting response
(DBN)

Mom Kicks Patriot Front Son Out of House
(DBN)

Federal judge in Texas shot down Biden's immigration rule, but didn't order him to follow the law
(DBN)

Migrants are falling off Trump's 30-foot steel border wall into the U.S. and going to the hospital
(DBN)

Happy the elephant at Bronx Zoo is not a person, New York's top court rules
(DBN)

'I have so much regret': Amber Heard speaks out in wake of her defamation trial with ex-husband Johnny Depp Why Amber Heard's 'Fire in a Crowded Theater' Analogy Makes No Legal Sense Amber Heard: We Were Horrible to Each Other
(DBN)

Synagogue challenges Florida abortion law over religion Abortion foes, accustomed to small wins, ready for a big one Abortions in U.S. rise, reversing a 30-year trend, new data show U.S. VP Harris sees risks to contraception, IVF if Roe overturned The Right to Become a Parent Is Now at Risk Too
(DBN)

Man goes on '10-minute racist tirade' after hearing two men speaking Korean on a train
(DBN)

Accused Murderer Takes Stand in Own Defense and Admits to Stabbing Husband, Claims He Was Strangling Her
(DBN)

Man Convicted of Felony Murder After NYPD Detective's Death by Friendly Fire
(DBN)

Experts: Anti-LGBTQ rhetoric could galvanize extremists
(DBN)

Sanctions sought against FBI over Civil War gold dig videos
(DBN)

Why we don't know how bad crime in the U.S. really is Sweeping reporting failures may compromise the FBI's 2021 crime data
(DBN)

Family of 13-year-old boy killed by San Antonio police want officer charged with murder, attorney says
(DBN)

Driver Claims to Be a State Trooper, Jabs Box Cutter at Off-Duty Black Pastor Cop After Allegedly Using N-Word
(DBN)

Ex-Cop Acquitted of Raping a Crime Victim in Tennessee State Court Now Faces Federal Civil Rights Case
(DBN)

Naked Woman Allegedly Hits Chicago Police Officer with His Own Squad Car Before Crashing Near Hospital
(DBN)

Man Charged in 14-Year-Old Girl's Death Sought Hitman to Kill a Witness, Wanted Girlfriend to Make Down Payment: Sheriff
(DBN)

Two prominent Democratic lawmakers violated a federal conflicts-of-interest law. Again.
(DBN)

A woman used an AirTag to track her boyfriend over a suspected affair then ran him over and killed him, authorities say
(DBN)

______________

Judges:

U.S. House passes bill expanding Supreme Court security, sending bill to president House Passes Bill Beefing Up Security for Supreme Court Justices' Families Roughly a Week After Threat to Brett Kavanaugh's Life
(DBN)

Texas federal judge proclaims that he doesn't read 5th Circuit opinions before second reversal
(DBN)

Peter Navarro Emails Note Of Stern Correction To Federal Judge Who Dared To Rule On Prosecution Motions
(DBN)

The untold story of Ginni Thomas's anti-cult activism — after she was 'deprogrammed'
(DBN)

McConnell says House's Supreme Court security bill can't pass Senate House passes bill to increase security for families of Supreme Court justices
(DBN)

SCOTUS May Foster a New Kind of Civil War
(DBN)

Man Can't Be Sentenced To Additional 6 Years In Jail For Calling Judge A 'Racist A$ B*tch'
(DBN)

______________

Wall Street:

Stock futures rise as investors brace for a big Fed rate hike
(DBN)

Stocks dip deeper into bear market ahead of big Fed news
(DBN)

Market Rout Evokes Memories of Trading Before Lehman Blowup
(DBN)

Stock market investors should prepare for more misery ahead as the S&P 500 officially enters a bear market, Bank of America says
(DBN)

Wall Street firms face W.Va. boycott over alleged fossil fuel bias
(DBN)

Stocks could get a lot worse as the crypto meltdown is a 'tail wagging the dog,' says top investor Mark Mobius
(DBN)

Some see few signs of a bottom in U.S. stocks, even after steep selloff
(DBN)

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Layoffs:

Coinbase lays off 18% of workforce as executives prepare for recession and 'crypto winter'
(DBN)

Redfin laying off 8% of its staff
(DBN)

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Religion:

Southern Baptist Convention votes to create list of pastors, workers accused of sex abuse
(DBN)

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Education:

North Carolina charter school can't require girls to wear skirts, federal court rules
(DBN)

____________

Celebs:

Elon Musk says he would likely vote for Ron DeSantis for president in 2024
(DBN)

____________

Autos:

Elon Musk Says Lucid And Rivian Are "Tracking Toward Bankruptcy" Rivian Delivers Really Bad News
(DBN)

The Reason This EV Startup Declared Bankruptcy
(DBN)

Tesla Owners Won't Like NHTSA's Report
(DBN)

Saab's bankruptcy saviour that never made it
(DBN)

___________


Economy:

The Fed will hike rates by 75 basis points this week and it should push the US dollar to record highs, Jefferies says Goldman Sachs warns the chances of a US recession are rising, with the Fed to hike rates by 75 basis points at the next two meetings Gundlach Says Fed Should Raise Fed Funds Rate to 3% Wednesday Jeremy Siegel says 100 bps rate hike is the 'medicine to stop this inflation' Jim Cramer calls for 'monster rate hikes' ahead of key Fed decision
(DBN)

Treasury Yields Eye 4% Mark as Inflation Complacency Shatters
(DBN)

An aggressive Fed has global ramifications. Here are 3 ways the world could be hit
(DBN)

From Big Tech to Bank Stocks, Traders Brace for Fed Rate Hike
(DBN)

Global Bonds Are on Cusp of Bear Market as Fed Faces Reckoning
(DBN)

Biden is fired up over inflation
(DBN)

How it came to this: The Fed and White House's slow inflation awakening
(DBN)

Jeff Bezos, Elon Musk, and Mark Zuckerberg have each seen their net worths drop at least $64 billion this year
(DBN)

What workers really want: raises that beat inflation
(DBN)

Wholesale prices rose 10.8% in May, near a record annual pace
(DBN)

BLS: PPI increased 0.8% in May; Core PPI increased 0.5%
(DBN)

Goldman Expects 75bp Rate Hike
(DBN)

Stock market demands that Fed take historic action on inflation
(DBN)

Billionaire investor Leon Cooperman predicts US stocks will plunge 40% in total as the economy crashes into a recession
(DBN)

Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
(DBN)

Survey: CEO confidence falls, but isn't all bad
(DBN)

World's Richest Have Lost $1.4 Trillion In 2022 After Rapid Gains
(DBN)

What Dollar Tree's stock tells us about America's economic jitters
(DBN)

What the stock market is saying about the economy
(DBN)

Workers with criminal records are getting a chance
(DBN)

China and India now account for about 50% of Russia's seaborne oil exports — up from under 40% before the invasion of Ukraine, as Asian demand props up Moscow's energy revenues The rich are fleeing from Russia, and more than 15,000 millionaires — 15% of the country's ultra-rich population — are expected to leave this year Russia's rebranded McDonald's restaurants appear to hastily scribble out the golden arches on ketchup packets Kremlin tries to look immune to sanctions, but new Russian cars show cracks in the façade Russia is 'hemorrhaging' millionaires Russian court again extends Brittney Griner's detention US Open lets Russian tennis players in after Wimbledon ban Russia lowers gas flows to Europe with part stuck in Canada Gazprom Cuts Gas Flows to Italy by About 15%, Eni Says Russia's Oil Revenue Jumps to $20 Billion in May, IEA Says Putin's Broken Market Link Puts Trades Worth Billions in Limbo
(DBN)

Biden leans toward easing some of Trump's China tariffs
(DBN)

PayPal Mafia's Keith Rabois agrees with Elon Musk on the importance of returning to the office: 'The ambitious people want to work IRL'
(DBN)

Caterpillar to Relocate Global Headquarters to Dallas-Fort Worth Area
(DBN)

The era of 9-5 child care is ending as parents' needs shift
(DBN)

A decade of DACA: A middle-class launching pad for thousands is at risk
(DBN)

Danes Overtake the Swiss as World's Most Competitive Nation
(DBN)

US Companies Still Not Fully Operating After Shanghai Lockdown
(DBN)

European Central Bank holds emergency meeting to discuss market rout
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Property Values Fall Across US, Europe on Bite From Inflation
(DBN)

Mortgage demand is now less than half of what it was a year ago
(DBN)

Real estate stocks crater as new fears of a prolonged US housing market slump trigger wave of job cuts
(DBN)

Trustee closes books on Better Housing Foundation bond debacle
(DBN)

____________

Municipalities:

NYC Passes $101 Billion Budget
(DBN)

____________

Oil/Gas:

Biden warns Big Oil over gas output Biden Demands Oil Companies Explain Lack of Gasoline as Prices Rise Biden tells oil companies in letter 'well above normal' refinery profit margins are 'not acceptable'
(DBN)

Energy executives at transition conference still lean on fossil fuels
(DBN)

IEA Sees World Oil Supply Struggling to Meet Demand in 2023
(DBN)

Oil giant BP buys 40.5% stake in massive renewables and green hydrogen project
(DBN)

____________

Mass Torts:

Sandy Hook conspiracy theorist says she's 'proud' to harass families of children who were killed in mass shootings
(DBN)

Southern Baptist Convention passes 2 reforms on sexual abuse
(DBN)

Inside Johnson & Johnson's bankruptcy two-step
(DBN)

Bankruptcy judge will consider re-opening some J&J talc cases, article with image
(DBN)

____________

Infrastructure:

More than 165,000 people in Odessa, TX still without water after aging line breaks
(DBN)

____________

Tech:

Apple's $2 Trillion Market Valuation on Shaky Ground
(DBN)

____________

Politics:

Donald Trump Jr. calls on Trump supporters to sign his father's birthday card — and pay for the privilege
(DBN)

White House announces Biden will visit Saudi Arabia, expects to meet crown prince
(DBN)

Hearings become political theater
(DBN)

Mike Pence calls for return to Trump-era immigration policies in Phoenix speech
(DBN)

Democrats play with fire in GOP primaries
(DBN)

Fired Fox News political editor said television news as entertainment has 'really damaged' Americans' capacity to be 'good citizens'
(DBN)

Trump-backed Adam Laxalt wins Nevada Senate GOP primary
(DBN)

Election denier Jim Marchant wins Nevada Republican secretary of state primary
(DBN)

South Carolina voters deliver vengeance for Trump
(DBN)

Trump endorsement tracker: Which candidates have won and lost
(DBN)

Impeachment Republican Tom Rice loses to Trump-backed foe
(DBN)

Guilfoyle Paid $60K For 2-Min Speech
(DBN)

New poll finds majority of Americans against trans athletes in female sports
(DBN)

Pride month marred by rising anti-LGBTQ hate
(DBN)

Senate gun deal likely to face pushback from House GOP House Dems fret Senate GOP will pull about-face on gun McConnell says he supports Senate bipartisan gun bill framework deal Tentative Senate gun deal has surprises, and loose ends Mitch McConnell's support for tougher gun laws reflects a changed political landscape
(DBN)

Death threats and epithets: The lonely primary of one Republican who impeached Trump
(DBN)

Sanders says he would support Biden reelection bid
(DBN)

How autocrats twist history to gain power
(DBN)

Trump's circle is convinced that losing in the Georgia primaries actually proves them right, source says
(DBN)

Herschel Walker says his greatest accomplishment is being a good father, but he was petitioned over child support for his estranged second son
(DBN)

____________

Fraud:

US failed to stop fraud in COVID loan program, Clyburn says
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

Subchapter V:

Fourth Circuit Decision Clarifies Application of Exceptions to Discharge in a Subchapter V
(DBN)

____________

Aviation:

Angry Customers Bode Well for Airline Profits
(WSJ)

Airlines' inability to plan and a tight labor market are the reasons your flight doesn't have enough staff, aviation experts say
(DBN)

Murder-Suicides by Pilots Are Vexing Airlines as Deaths Mount
(DBN)

Travelers are upset about rising costs, but most aren't canceling their plans just yet
(DBN)

____________

Banking:

Wells Fargo Turns Well-Intentioned Diversity Push Into Criminal Matter
(DBN)

Wells Fargo Holds onto Pandemic Reserves
(DBN)

Judge rules US investors can now sue Deutsche Bank over its links to ultra-wealthy, high-risk clients such as Russian oligarchs and Jeffrey Epstein
(DBN)

____________

Climate:

33 large wildfires rage across 5 U.S. states Western wildfires force evacuations in Arizona, California
(DBN)

Dramatic video shows Montana house collapsing into Yellowstone River after record flooding Unprecedented flooding conditions force Yellowstone National Park to close all entrances and leave locals trapped Yellowstone floods: Photos, video show massive damage Flooding pummels Yellowstone region, leaves many stranded Damaging Yellowstone flooding forces out 10,000 visitors, keeps park closed
(DBN)

Extreme weather slams the U.S., from flooding to fires Excessive heat rolls east, bakes much of central, eastern US
(DBN)

Major water cutbacks loom as shrinking Colorado River nears 'moment of reckoning' Panic Over Lake Mead Water Levels
(DBN)

Worst Methane Leak Ever at Russian Mine
(DBN)

China's Surprise Economic Rebound in May Propelled by Coal
(DBN)

BP's $36 Billion Project Highlights Massive Green Hydrogen Hubs
(DBN)

The SEC War on Greenwashing Has Begun
(DBN)

UK Insurers Need to Look Closer at Climate Risks, Watchdog Says
(DBN)

____________

Crypto:

Bitcoin tumbles as crypto sell-off accelerates
(DBN)

Novogratz says crypto going through a 'Long Term Capital Management moment'
(DBN)

Digital Fortunes Vanish
(DBN)

Crypto industry fears regulatory backlash over lending crisis
(DBN)

Celsius freeze puts users with money in tough spot
(DBN)

Coinbase lays off 1,100 full-time workers over recession fears
(DBN)

Coinbase falls after JPMorgan downgrade on 'extreme decline' in crypto prices and as the exchange announces deep job cuts
(DBN)

Bitcoin losses are piling up for companies that added the crypto to their balance sheet. Here's what the recent crash has cost Tesla, Microstrategy, and Block.
(DBN)

El Salvador's bitcoin holdings value slashed in half by sell-off
(DBN)

Amid fears of Coinbase going bankrupt, CLO says 'Your funds are safe'; company to lay off 18% workforce
(DBN)

Three Arrows Faces Possible Insolvency After Unforeseen Liquidations Su Zhu's cryptic statement as rumors swirl of 3AC liquidations and insolvency
(DBN)

Celcius Reportedly Hiring 'Restructuring Lawyers' as Bankruptcy Speculation Mounts, CEL Pumps & Dumps Anxious Celsius customers say they have no idea what will happen to their money after the crypto platform halted withdrawals
(DBN)

Bill Gates says crypto and NFTs are '100% based on greater fool theory'
(DBN)

____________

Healthcare:

Councilman calls on Times owner to reopen empty hospital to care for homeless people
(DBN)

WHO to Convene Emergency Meeting on Monkeypox Amid Rising Spread
(DBN)

Axios-Ipsos poll: Left behind by the post-COVID crowd
(DBN)

Health care consumers feeling the economic sting
(DBN)

Particulate pollution is reducing global life expectancy by more than two years: analysis
(DBN)

Few get COVID "rebound" cases after taking Paxlovid, study finds
(DBN)

Baby Boomers more likely to have multiple health issues than earlier generations
(DBN)

Republican senator who led the push to end mask mandates on planes and public transport tests positive for COVID-19 for the 3rd time in a year
(DBN)

____________

UK:

Bank of England: Britain's biggest banks are no longer 'too big to fail' with no need for taxpayer bailouts in the event of collapse
(DBN)

The UK's plan to rip up Brexit trade rules slammed for being in 'clear breach' of international law
(DBN)

E.U launches legal action against U.K. over post-Brexit changes
(DBN)

UK Inflation Expert Warns BOE Should Halt Hikes Before Recession
(DBN)

Britain defends embattled plan to send migrants to Rwanda Refugees in Rwanda warn of challenges for arrivals from UK UK confident it can overturn legal ban on Rwanda plan U.K. scraps flight to deport asylum seekers to Rwanda after appeals Johnson's Tories Attack European Court After Deportation Blocked
(DBN)

World's Worst Dropout Rate Adds to Headaches for UK Workforce
(DBN)

____________

EU:

Gas Surges in Europe as Heat Wave Clashes With Supply Cuts
(DBN)

____________

Canada:

Federal COVID-19 vaccine mandates to be suspended for domestic, outbound travelers
(DBN)

____________

Russia:

Evacuations "impossible" after Severodonetsk bridges destroyed 'Frozen conflict': War in Ukraine could last 10 years or more if Russia isn't pushed back now Ukrainian troops struggle to hold back Russian advance in east The stench of death is the 'smell of victory' for Ukrainians who guard bodies of Russian troops Russians control 80% of key Ukraine city, cut escape routes Echoes of WWI in war's artillery duels and trenches Bucolic Ukraine forest is site of mass grave exhumation Those pushing Ukraine to concede territory need to listen to Putin's recent words War in Ukraine reaches pivotal moment that could determine long-term outcome, intelligence officials say

(DBN)

Pope Francis suggests war in Ukraine was 'perhaps in some way provoked'
(DBN)

Former Kurdish rebel has key role in Sweden's NATO bid
(DBN)

____________

MENA:

Transport crew made right decision to leave Kabul airport amid chaotic withdrawal, Air Force says
(DBN)

____________

Hong Kong:

Victim of pandemic, Hong Kong floating restaurant towed away
(DBN)

____________

China:

China's factories perk up, but frail consumption points to weak economic recovery
(DBN)

Forever 21 takes third crack at China with new bricks and mortar store
(DBN)

Shanghai to Mass Test Whole City Every Weekend Up to End of July
(DBN)

China Jobs Crisis Worsens as Youth Unemployment Surges to Record
(DBN)

Shanghai's Reopening Comes Too Late for Stressed Developers
(DBN)

China's economic numbers come in better than expected, but 'difficulties and challenges' remain
(DBN)

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