June 24, 2022

The Daily Bankruptcy News

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Law:

Some associates not meeting 'utilization expectations' get pay cuts at this law firm
(DBN)

Elite Law Firms Recognized As Some Of The Best For Women (2022)
(DBN)

Top 20 law school joins handful of others offering undergraduate degree in law Top Law School Now Offering Bachelor's Degree For Undergraduates
(DBN)

Recent Law School Grads Aren't That Interested In Staying At The Biglaw Firms That Hired Them
(DBN)

The Top Biglaw Firm For LGBTQ Diversity
(DBN)

Killing the LSAT in the Name of Diversity Won't Cure the Problem
(DBN)

Lawyer with history of driving while naked gets indefinite suspension
(DBN)

Slaughter and May lets the dogs in
(DBN)

Trump angrily watches every Jan 6 hearing, almost screaming at TV as no one defends him, report says As Jan. 6 committee targets Trump, his consternation at McCarthy grows Top GOP pollster says Trump is 'paying a price' — even among Republicans — for what the January 6 hearings have revealed Conservative Majority Led by Justice Thomas Strikes Down New York State's Unconstitutional 'Licensing Regime' for Carrying a Handgun in Public Federal agents search home of Trump-era Justice Dept. official Trump aides didn't know someone was filming Trump on January 6 until the House committee got the footage: reports Trump's allies were assured editorial input before filmmaker was subpoenaed Investigators Raid Home of DOJ Official Who Backed Trump Claims Ex-Trump aides say six House Republicans sought pardons after Jan. 6 Multiple lawmakers asked for pardons Former Justice officials: Trump asked DOJ to seize voting machines Jan. 6 panel reveals new details about GOP lawmakers' role in Trump's DOJ schemes Trump called former AG "virtually every day" to push DOJ on election fraud Ex-Trump officials say Clark plans to probe election "nuts" America is about to meet the one DOJ official willing to do Trump's coup Sidney Powell Confirms to Jan. 6 Committee That Donald Trump Asked Her to Be 'Special Counsel to Address the Election Issues' Ex-White House Lawyer to Jan. 6 Committee: I Told 'F***ing A-Hole' Jeffrey Clark His First Official Act as Trump's AG Would Be a Felony Feds Reportedly Searched Home of Jeffrey Clark, the DOJ Lawyer at Center of Trump's Last-Ditch Bid to Overturn Election New documentary footage reveals Pence reacting on the night House pushed for him to invoke 25th Amendment Barr Suggests Ex-President Very Close to Staying in Power Bill Barr says he's 'not sure we would have had a transition at all' to Biden if DOJ hadn't investigated Trump's baseless voter fraud claims Filmmaker: Trump 'irate,' 'depressed' following Jan. 6 Fox News's Bret Baier: 'Patriots' testifying before Jan. 6 panel 'stood up' to Trump's bid to overturn election Ron Johnson embroiled in controversy over staff handing Pence fake electors list Trump told DOJ to say election was corrupt and 'leave the rest to me' and GOP, Jan 6 hearing told Abandoned by Trump, Mo Brooks Is Now Open to Testifying About Jan. 6 Prosecutors broaden conspiracy indictment of Oath Keepers
(DBN)

What charges could Trump face over efforts to overturn the 2020 election?
(DBN)

Brian Kemp subpoenaed to testify in Fulton County Trump investigation
(DBN)

Is It Good When You're Facing Ethics Queries In DC And Texas On the Same Day? Asking For Sidney Powell.
(DBN)

Feds Say a Judge Should Probe Sidney Powell Group for Funding Oath Keepers' Defense — Here's What It Might Mean for Her
(DBN)

After Revamped Complaint, Judge Declines to Immediately Toss Trump's RICO Lawsuit Against Hillary Clinton
(DBN)

Judge asks DOJ to explain whether Meadows is immune from House Jan. 6 subpoena
(DBN)

Supreme Court Opens Path to More Guns in Public in Big US Cities Supreme Court strikes down century-old New York law, dramatically expanding Second Amendment rights to carry guns outside the home New York's MTA Says It's Drafting Rules to Keep Weapons Off Transit DOJ 'Respectfully' Disagrees With Supreme Court on Gun Ruling Supreme Court Justices Clash Over Mass Shootings in Gun Ruling Supreme Court Dissent on NY Gun Law Cites Rise in Gun Violence Smith & Wesson Leads Rally in Gun Stocks After New York Ruling Supreme Court's Gun-Rights Ruling Is 'Frightening,' New York Governor Hochul Says In 6-3 ruling, court strikes down New York's concealed-carry law States with strict gun-permitting laws consider next steps Supreme Court Voids N.Y. Gun Limits, Establishes Right to Carry New York politicians outraged over Supreme Court gun control ruling The Supreme Court's new gun ruling means virtually no gun regulation is safe What the Supreme Court's big gun case could mean for blue state reforms Gun Ruling Proves Supreme Court Just Coasting On Vibes At This Point George Will on SCOTUS Gun Ruling Supreme Court expands gun rights, with nation divided Samuel Alito lashes out at liberals in guns case as tensions boil over at Supreme Court Breyer invokes Uvalde and Buffalo mass shootings in scathing dissent of decision expanding Second Amendment Five things to know about the Supreme Court's ruling on concealed carry U.S. Supreme Court Ruling Provides Ammunition for Gun Law Challenges A momentous day for gun laws in the U.S.
(DBN)

Clement to Open Boutique After Kirkland Withdraws From Guns Paul Clement Laments Kirkland's Cancel Culture... Or 'Capitalism' As The Case May Be
(DBN)

Miranda violation doesn't give rise to civil claim for damages, SCOTUS rules Justice Alito Opinion Deals Major Blow to Miranda Rights Legal Experts Rip SCOTUS on Miranda
(DBN)

This law professor argued that Reform Jews aren't devout enough to merit religious freedom
(DBN)

Who Needs Antitrust To Break Up Major Firms When You Have The Second Amendment?
(DBN)

Derek Chauvin should get 25 years in prison for violating George Floyd's rights, feds say
(DBN)

Oxford school shooting evidence to be released
(DBN)

US Seeks Stronger Title IX Protections for Transgender Students
(DBN)

Chicagoans Tire of Paying Lawyers to Defend Wrongful Convictions
(DBN)

County to pay $2.75M in diabetic inmate's death
(DBN)

Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints
(DBN)

'Increased threat' of foreign terrorists: DHS
(DBN)

WI. Supreme Court Judge Destroyed Records During Election Probe
(DBN)

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Judges:

Recall of Bankruptcy Judges Chapman and Drain
(DBN)

Supreme Court nears end of term amid conflict and discord
(DBN)

Confidence in U.S. Supreme Court Sinks to Historic Low
(DBN)

Congress should put an end to in-house courts at the SEC
(DBN)

Supreme Court adds extra decision day on Friday
(DBN)

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Wall Street:

Stock futures rise as Wall Street looks to snap a three-week losing streak
(DBN)

Nasdaq rises 1%, Dow adds nearly 200 points in late-day rally
(DBN)

Corporate insiders buying the dip in their stocks suggests gains are coming for the market in the 2nd half of 2022, research firm says
(DBN)

Traders are stockpiling the most cash in a decade: JPMorgan
(DBN)

JPMorgan Says Retail Investors Are Finally Bailing on Stocks
(DBN)

Wall Street Faces Billion-Dollar Losses on Sinking Buyout Debt
(DBN)

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Layoffs:

Netflix confirms another round of layoffs as it continues to grapple with slowing growth, cutting around 300 roles Netflix Fires Another 300 Employees in Latest Round of Cuts
(DBN)

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Climate:

This could be the coolest summer of the rest of your life
(DBN)

The World Is Failing In Both Energy Affordability And Climate Goals
(DBN)

Where are the bodies buried? Climate change is showing us
(DBN)

Week of blistering heat set to break records Thursday with triple-digit temps in Florida and Gulf Coast
(DBN)

Historic wildfires rage across Alaska
(DBN)

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Crypto:

Crypto platform Voyager Digital cuts daily withdrawal limit to $10,000 after revealing $660 million exposure to struggling crypto hedge fund Distressed Crypto Broker Voyager Sets Limits on Withdrawals
(DBN)

Crypto Winter: Which Crypto Exchanges Will Go Bust First?
(DBN)

Binance CEO Changpeng Zhao Denies Giving 3AC A Credit Line Following The Hedge Fund's Insolvency
(DBN)

Can Crypto's Richest Man Stand the Cold?
(DBN)

Moody's downgrades Coinbase due to bear: Warns it may not be the last
(DBN)

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Cannabis:

New Jersey Legalized Recreational Pot in April. Then It Started Fining Cannabis Companies
(DBN)

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Tax:

Tax return backlog is still 'crushing the IRS' as pileup exceeds 21 million
(DBN)

Meet the Billionaire and Rising GOP Mega-Donor Who's Gaming the Tax System
(DBN)

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Economy:

Weekly Initial Unemployment Claims at 229,000 US Jobless Claims Were Little Changed Near a Five-Month High
(DBN)

High inflation has 58% feeling insecure about their savings, survey finds
(DBN)

Tesco CEO Says Shoppers Are 'Terrified' of Inflation
(DBN)

Predatory lenders are making money off rising gas and food prices
(DBN)

Fed's Bowman Backs Raising Rates 75 Basis Points in July
(DBN)

Janet Yellen To Finally Get Name On Rapidly Depreciating Currency
(DBN)

Business Activity in US Falters as Inflationary Toll Mounts
(DBN)

'It's almost unbelievable': Why people are having their job offers rescinded
(DBN)

Yelp's CEO says the company will go fully remote, closing offices in NYC, DC, and Chicago: 'It's best for our employees, and for our business'
(DBN)

Europe faces an emergency this winter as the continent sees further cutoff of Russian gas, RBC's commodities chief says European natural gas prices spike after Germany declares 'alarm' stage of emergency gas plan as Russia cuts supplies to Europe German Utilities Prepare to Turn on Coal Plants Amid Gas Crisis EU to Import More Gas From Norway as Russia Cuts Its Flows Germany's Gas Woes About to Get Worse as Pipeline Set to Stop Russia Crimps Gas Flows Just as Europe Races to Stock Up for Winter Germany Warns of Lehman-Like Contagion From Russian Gas Cuts Nike to leave Russia permanently over Ukraine invasion Germany says its energy crisis may trigger Lehman-like contagion as the country moves a step toward to natural-gas rationing
(DBN)

The stock market is poised for a strong 2nd half of 2022 as the US economy avoids a recession and inflation gets cut in half, JPMorgan says Morgan Stanley's Wilson Says Chance of Recession Still Below 50% Where Does the Recession Hit First?
(DBN)

Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding Intel Warns US Lawmakers Factory Plans Hinge on Stalled Chip Bill
(DBN)

3 Insights From the FED's Latest Economic Snapshot
(DBN)

Mapping Shipping Lanes: Maritime Traffic Around the World
(DBN)

Zombie Companies That Could Fail
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage Rates in the US Rise to 5.81%, Highest Since 2008
(DBN)

Lumber prices fall as mortgage rates hit fresh 13-year high to edge closer to 6%
(DBN)

Realtor.com Reports Weekly Inventory Up 21% Year-over-year
(DBN)

New Home Sales and Cancellations
(DBN)

Los Angeles Property Investors Ready Fight Against Megamansion Tax Hike
(DBN)

Florida judge finalizes settlement for victims of Surfside condo collapse
(DBN)

New York City Rent Increase: What You Need to Know
(DBN)

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Oil/Gas:

Oil is heading for its first monthly loss of 2022 as fears of recession gather pace — and traders are starting to bet it's got further to fall
(DBN)

Oil drops as hawkish Powell testimony amplifies recession fears
(DBN)

Biden's Plan to Pause Gas Tax Threatens to Boost Prices, Hess Says
(DBN)

GOP 's gas tax flip-flop
(DBN)

Oil CEOs come to Washington as Biden looks to shift blame for gas prices
(DBN)

When you drive for work, $5 gas hurts
(DBN)

Oil CEOs Get Olive Branch From Granholm in Gas-Price Huddle
(DBN)

World's Dirtiest Oil and Gas Fields Are in Russia, Turkmenistan and Texas
(DBN)

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Municipalities:

NYC Nears Congestion Pricing for Midtown Drivers as Soon as 2023
(DBN)

Montana city faces painful reality following historic Yellowstone flooding
(DBN)

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Cosmetics:

Revlon falls 13% as blistering rally following the cosmetic company's bankruptcy filing loses steam Is Revlon the latest meme stock? Shares in cosmetics giant surge 18% to $7.20 - up 269% in a week - in firm's best three-day stretch on record
(DBN)

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Education:

Kentucky's 2022 Teacher of the Year quitting over anti-gay discrimination
(DBN)

Learning Loss Doesn't Begin to Describe What Happened
(DBN)

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Symphonies:

The Musicians of the San Antonio Symphony Will Continue Performing
(DBN)

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Student Debt:

Education Department to cancel student loan debt for some 200,000 borrowers Education Department agrees to cancel $6B in loans, part of settlement agreement Biden administration proposes canceling student debt of 200,000 borrowers who say they were scammed Government to Cancel $6 Billion in Student Loans for Defrauded Borrowers
(DBN)

Activists just wiped out nearly $16 million in private student loans for students who attended a now-defunct for-profit college
(DBN)

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Celebs:

Elon Musk's daughter granted legal name, gender change
(DBN)

Katie Price's net worth and debt after bankruptcy and years of failing businesses
(DBN)

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Autos:

June Vehicle Sales Forecast: Increase to 13.3 million SAAR
(DBN)

Tesla and Volkswagen Square Off in Duel For Electric-Car Dominance
(DBN)

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E-Cigarettes:

The rise and fall of e-cig startup Juul in the US, from Silicon Valley darling to a ban by the FDA FDA bans Juul e-cigarettes as U.S. pursues broader crackdown on nicotine products
(DBN)

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Gambling:

Bally's Creditors Hire Lawyers to Possibly Block Rhode Island Casinos Real Estate Deal
(DBN)

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Ride Hailing:

Cruise Starts Charging for Self Driving Taxis
(DBN)

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Trucking:

Swedish Startup Paves Way to Driverless Pod Tests on US Roads
(DBN)

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Banking:

Fed: Banks Pass Annual Stress Test
(DBN)

US banks persisting with high overdraft fees could face watchdog's censure
(DBN)

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Healthcare:

Homes lost. Savings destroyed. How medical debt has upended these people's lives
(DBN)

CDC panel recommends Moderna two-dose Covid vaccine for kids ages 6 to 17
(DBN)

Covid task force members worried about 'misinformation' being shared with Trump
(DBN)

New York City Will Offer Monkeypox Vaccines to Vulnerable Groups NYC Launches Monkeypox Shots – But Walk-in Demand Overwhelms Capacity Monkeypox jab to be offered to at-risk gay and bisexual men WHO considers declaring monkeypox a global health emergency
(DBN)

Austria Ditches Vaccine Mandate After Omicron Alters Calculus
(DBN)

Colorado bets on a public option to grow health coverage
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 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)

Mass Torts:

How a bankruptcy 'innovation' halted thousands of lawsuits from sick plaintiffs
(DBN)

Popular Boy Scouts camp in Mass. forced to close
(DBN)

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Subchapter V:

Subchapter V's $7.5 Million Debt Limit Is Renewed: With Bells & Whistles!
(DBN)

Bankruptcy Legislation Update: Biden Signs Bill Preserving $7.5 Million Eligibility Threshold for Subchapter V
(DBN)

Fourth Circuit Rules That Corporate Small Business Debtors Under Subchapter V May Not Be Able to Discharge All Debts
(DBN)

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Cross-Border:

NY Southern District Upholds Judge Lifland's Bear Stearns Decision Denying Main and Nonmain Recognition
(DBN)

BVI Insolvency Proceeding Recognized as Foreign Main Proceedings
(DBN)

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Sanctions:

Somebody Call 9011: Counsel and Decedent's Estate Benchslapped Under Rule 9011 for Repeated Attempts to Circumvent the Bankruptcy Code's Eligibility Requirements
(DBN)

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Litigation:

Parties Settle Cases More Often When They're Tired Or Have Someplace To Be
(DBN)

'More Likely Than Not,' New Rule 702 Nearing Approval
(DBN)

Preservation of Error, Civil Plain Error Exception, and Bankruptcy
(DBN)

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Aviation:

Complaints by US Airline Passengers Soar as Flight Delays Climb
(DBN)

American Airlines pilot calls on FAA to monitor airlines he says are scheduling more flights than they can staff
(DBN)

United Airlines will cut 12% of Newark flights in effort to tame delays
(DBN)

British Airways Unions Vote to Strike at Heathrow Over Pay
(DBN)

South Africa Sued Over Sale of National Airline in $3 Deal
(DBN)

Air France-KLM Prepares to Shake Off EU Bailout Shackles
(DBN)

No apology as Qantas promises to fix customer service
(DBN)

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Tobacco:

Juul decision triggers broader tobacco fight
(DBN)

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Politics:

Bipartisan Senate Gun Bill Clears Major Hurdle and Nears Passage Gun bill on road to passage as Senate overcomes GOP delays Here are the 15 Republicans who voted to end a filibuster on gun safety legislation More than two-thirds of Texas Republicans approve of Cornyn despite heat over gun bill: poll Senators working for gun safety legislation will pay a price, but they are doing the right thing
(DBN)

Latino evangelical leader sees major voter shifts
(DBN)

Cheney urging Wyoming Democrats to switch parties to vote for her in primary
(DBN)

The GOP Wants To Look In Your Kids' Pants Before Serving Them Lunch
(DBN)

The Left Goes to War with Itself
(DBN)

Gavin Newsom jumps onto the national stage and Bidenworld takes notice
(DBN)

Increasingly abandoned and isolated, will Trump burn it all down?
(DBN)

GOP pollster Frank Luntz: Republicans are saying 'it's time to move on' from Trump
(DBN)

Book bombs: Trump aide tell-alls fail to sell
(DBN)

Maine insurance agency facing avalanche of criticism for racist Juneteenth sign
(DBN)

Pelosi's Husband Charged with DUI
(DBN)The Comment That Reveals the Depths of the Republican Party's Moral Collapse
(DBN)

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Sovereigns:

Russia Pays Dollar-Bonds in Roubles as It Seeks to Avoid Default
(DBN)

Pakistan left with no choice but to accept IMF-dictated budget: Minister
(DBN)

Why Sri Lanka's economy collapsed and what's next
(DBN)

A world apart, Lebanon and Sri Lanka share economic collapse
(DBN)

____________

UK:

Sunak Stands Firm on Oil, Gas Windfall Tax in Industry Meeting
(DBN)

Fuel hikes could push taxi drivers into insolvency
(DBN)

UK Petrol Prices Hit Fresh Record With Signs Demand Is Faltering
(DBN)

On Brexit Anniversary, Boris Johnson's Team Struggles to Say What's Better
(DBN)

UK's Brexit woes threaten another flagship policy: levelling-up
(DBN)

____________

EU:

ECB's Nagel Says Central Banks Mustn't Fall Behind the Curve
(DBN)

Ukraine Wins Crucial Nod on Long Path to EU Membership European Union grants candidate status to Ukraine and Moldova
(DBN)

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Canada:

Recession fears plunge Canadian banks into 20% drop from record
(DBN)

'Ugly' housing affordability wallops top Canadian markets: RBC
(DBN)

Nearly half of Canadian renters expect to stay tenants: Survey
(DBN)

____________

Italy:

Decline and near fall of Italy's Monte dei Paschi, the world's oldest bank Italy's Monte dei Paschi seeks 2.5 billion euros for latest relaunch plan
(DBN)

____________

Russia:

Top US Air Force general says the Russian air force's struggles in Ukraine are surprising because Russia is fighting its 'own systems' Ukraine Takes Russia to Human Rights Court Over War Crimes US to send $450M security aid to Ukraine including advanced rocket systems Frustration grows in Ukraine as casualties spike and Russia takes more territory Ukrainian troops to withdraw from Severodonetsk, local leader says
(DBN)

A Russian enclave in Europe is the latest source of Ukraine war tensions
(DBN)

Putin's confidence ratings have fallen to their lowest levels in 20 years around the world, research shows
(DBN)

____________

Mexico:

Mexico bails out bankrupt shared network operator
(DBN)

Mexico Delivers Record Rate Hike, Says More Increases Coming
(DBN)

Mexico Prices Rise More Than All Forecasts Before Rate Hike
(DBN)

____________

MENA:

Afghanistan's staggering set of crises, explained Thousands feared injured and starving as Afghanistan reels from deadly earthquake
(DBN)

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Somalia:

Somalia: Worst Humanitarian Crisis Ever
(DBN)

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