June 3, 2022

The Daily Bankruptcy News

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Law:

Judge allows counterclaim alleging Brown Rudnick 'radically' exceeded its fee estimates
(DBN)

Law firms hire experts from other disciplines to advise clients on risk and compliance
(DBN)

BigLaw makes diversity gains; which firms did best?
(DBN)

Georgetown Law Lifts Months-Long Suspension of Professor over 'Lesser Black Woman' Tweet About Historic SCOTUS Nomination
(DBN)

Back To The Future Once Again At The California Bar
(DBN)

In-house lawyers reveal diverse views on diversity
(DBN)

Sheppard Mullin Eyes Chicago Growth, Hybrid Work With New Office
(DBN)

California Supreme Court Disbars Girardi
(DBN)

Skadden's Awkward Product Placement
(DBN)

There Is No Such Thing As Work-Life Balance
(DBN)

'Are you serious, judge?' Twice-asked question leads to lawyer's public censure
(DBN)

Drama is brewing in the MAGAverse as pro-Trump lawyer Lin Wood goes after MyPillow CEO Mike Lindell and QAnon John
(DBN)

Jan. 6 Panel Set for Prime-Time Hearings to Detail Effort to Overturn Election Jan. 6 panel promises 'previously unseen material' in prime-time hearing on June 9 Trumpworld plots Jan. 6 counterprogramming blitz House January 6 committee obtains email outlining early plan to try to overturn Trump's 2020 loss Republicans who texted Meadows with urgent pleas on January 6 say Trump could have stopped the violence He helped decode texts from January 6th. What he found scared him Trump election probe grand jury hears from Raffensperger Utah Piano Teacher Who 'Cheered and Applauded When the Rioters Broke Through' on Jan. 6 Sentenced More Harshly Than Former Cop Stepson-in-Law
(DBN)

House panel investigates Saudi investment in Jared Kushner firm
(DBN)

Bill Barr May Have Retired As Attorney General, But He's Still Working Hard To Degrade The Office Trump's Attorney General Barr Questioned by Jan. 6 Committee
(DBN)

NPR Lawsuit Accuses FBI of Withholding Information About Whether Lafayette Square Protesters Were Teargassed After George Floyd's Death
(DBN)

Texas state senator says Abbott 'has tried to bamboozle' community after Uvalde shooting
(DBN)

Greg Abbott: Bad Governor, Bad Lawyer
(DBN)

Judge Sentences Michael Avenatti to Four Years in Prison: 'Blind Ambition' Preceded 'Despicable' Betrayal of Stormy Daniels 'Application DENIED': Federal Judge Rejects Michael Avenatti's Request to Wear a Suit to His Sentencing
(DBN)

New York Appellate Judge Upholds Harvey Weinstein's Convictions, Rejecting Argument That #MeToo-Era Trial Required 'Heightened' Caution
(DBN)

Poll: Over half of Americans identify as "pro-choice" following Supreme Court abortion leak Support for Abortion Rights Is Rising in the US After Leaked Court Opinion
(DBN)

N.J.'s Murphy Says US Risks a 'Patchwork Quilt' of Divisive Laws
(DBN)

Biglaw Firms Finally Speak Up In Wake Of SCOTUS Leak, And They're Prepared To Defend Abortion Rights In America
(DBN)

The problem with schools turning to surveillance after mass shootings
(DBN)

Multiple people injured in shooting at Wisconsin cemetery during funeral
(DBN)

2 women are killed at a church in Iowa, hours after a shooting near Milwaukee
(DBN)

2 p.m.: Shooter buys AR-15-style rifle. 5 p.m.: Shooter uses it to kill doctor.
(DBN)

Tulsa shooter targeted doctor he blamed for back pain; 4 dead
(DBN)

SCOTUS is About to Expand Gun Rights
(DBN)

NYC Mayor Adams Creates Gun Task Force to Cut Violence as Summer Looms
(DBN)

Maine Man Convicted of Murder After Shooting Spree that Left 3 Dead and One Woman Severely Injured; Motive Remains a 'Mystery'
(DBN)

Congress should 'take swift, evidence-informed action' to stop gun violence, ABA president says
(DBN)

What studies reveal about gun ownership in the US
(DBN)

Qualified Immunity May Not Be A License For Police To Kill Folks Asking For Help After All
(DBN)

Alleged Buffalo Racist Killer Payton Gendron Will Be First Person Ever Prosecuted Under New York's Domestic Terrorism Motivated by Hate Law New York Grand Jury Returns 25-Count Murder, Terrorism, and Hate Crime Indictment Against Man Accused of Targeting Black Victims in Buffalo Grocery Store Buffalo Massacre Suspect Faces Life in Prison for Racist Rampage
(DBN)

Mass shooters are getting younger
(DBN)

Cops Kill Fugitive Who Killed Family of 5
(DBN)

Texas senator: School police chief didn't know of 911 calls New questions arise over Uvalde 911 calls A dad's anguish outside Texas school while shooting unfolded Uvalde special ed staffer seeks to depose gunmaker for a possible lawsuit
(DBN)

Amber Heard Would 'Gain No Real Benefit' by Using Bankruptcy to Avoid Paying Johnny Depp Millions, But There's a Catch: Law Prof Amber Heard is 'broke' due to mounting legal fees, lavish spending: sources Amber Heard Can't Pay Judgment Amber Heard was 'not credible' as a witness to the jury, some legal experts say Fan Favorite Lawyer In Johnny Depp Case Speaks Out After Verdict 'This Is Vindication for Johnny Depp': Dan Abrams Says Verdict Is 'Total Loss' for Amber Heard Despite 'Token Win' Attorney says Amber Heard 'absolutely' plans to appeal judgment in Depp case Lawyer: Heard was 'demonized' by Depp team, social media Johnny Depp and Amber Heard: Uphill battle to rebuild images Legal Experts Stunned by Depp's Win The Depp verdict could bring a chilling effect for domestic abuse survivors
(DBN)

Distraught teen told of Cosby sex abuse, friend testifies
(DBN)

Drivers in Washington State Don't Have To Stop for Cops Anymore
(DBN)

______________

Judges:

South Florida Judge to Step Down From Federal Bench, Search to Begin for Successor
(DBN)

The Jarkesy Decision and Ramifications for Administrative Proceedings
(DBN)

Chaos in John Robert's Supreme Court
(DBN)

Biden's judicial appointments—still very diverse but numbers may be falling off
(DBN)

______________

Wall Street:

Stock futures dip ahead of May's jobs report
(DBN)

Stocks shake off a wobbly start on Wall Street, end higher
(DBN)

______________

Layoffs:

Coinbase-Backed Rain Cuts Jobs Amid Cryptocurrency Selloff
(DBN)

Winklevoss Twins' Gemini Slashes Staff 10% on Crypto Slump Bitcoin Billionaires Lay Off 10% of Employees, Blame Market and 'Crypto Winter'
(DBN)

Musk Wants to Cut 10% of Workforce
(DBN)

170 layoffs at Fort Madison plant to have economic impact
(DBN)

______________

Mass Torts:

Right-wing conspiracy outlet Infowars moves to exit bankruptcy Alex Jones' InfoWars agrees to dismiss bankruptcy InfoWars to Dismiss Bankruptcy After Deal With DOJ Watchdog
(DBN)

Alex Jones' attorney Norm Pattis asks to be dropped from Sandy Hook defamation case as trial looms
(DBN)

'Disturbing Circumstances': Judge Skeptical of Alex Jones' Bid to Fire His Lawyers — Again — as Sandy Hook Families Suspect Delay Tactic in Defamation Trial
(DBN)

____________

Rail:

CSX Turns Away Freight as Railroad Struggles to Fill Jobs
(DBN)

____________

Tech:

Sandberg Was Under Investigation at Facebook
(DBN)

____________

Flooring:

Armstrong Proposes Bonuses to Retain Mid-Level Managers Amid Bankruptcy
(DBN)

____________

Chemicals:

Chemical maker TPC defends bankruptcy financing amid bondholder battle
(DBN)

____________

Autos:

Ford's U.S. sales fell just 4.5% in May amid hot demand for EVs and pickups
(DBN)

____________

Ride Hailing:

Cruise's Driverless Taxis Get OK to Charge Fares in California
(DBN)

____________


Economy:

US Companies Add Fewest Jobs of Pandemic Recovery, ADP Data Show Private payrolls up 128,000 in May, the slowest growth of the recovery, ADP says ADP: Private Employment Increased 128,000 in May
(DBN)

Small US Companies Lose Almost 300,000 Jobs Since February
(DBN)

US Jobless Claims Declined Last Week Amid Tight Labor Market Weekly Initial Unemployment Claims Decrease to 200,000
(DBN)

Red-hot summer job market awaits US teens as employers sweat
(DBN)

Goldman May Payrolls Preview
(DBN)

May Employment Preview
(DBN)

Can child care and pre-K help reduce inflation?
(DBN)

A Record 51% of US Small-Business Owners Had Vacancies in May
(DBN)

PNC CEO Demchak Predicts Recession, Doesn't See Economic 'Hurricane'
(DBN)

Elon Musk has 'super bad feeling' about economy, wants to slash Tesla jobs
(DBN)

Slump in New Car Sales in May Raises Specter of US Recession
(DBN)

Goldman's Waldron Warns of Unprecedented Economic Shocks, Echoing Dimon
(DBN)

Fed's Brainard Says Case for September Rate Pause Is 'Very Hard'
(DBN)

Fed Hiking Pace From September Hinges on Inflation, Mester Says
(DBN)

Fink Sees Elevated Inflation for Years Amid Supply Shocks
(DBN)

Putin Coffers Swelling Despite Sanctions Sanctions Will Break Russia's Economy in the End, Germany Says OPEC+ raises output faster than expected as Russia's war roils global energy markets U.S. unveils new sanctions against Russian elites and asset managers 'Putin-Linked' Yachts, Russian Billionaires Are Hit With New US Sanctions Russian Hacking Gang Evil Corp Shifts Its Extortion Strategy After Sanctions EU Approves Partial Russian Oil Ban, Sanctions on Sberbank Burger King caught in complex legal web, thwarting Russia exit Superyacht of Second-Richest Russian Raced for Turkey's Safe Waters
(DBN)

US Economic Recovery Seen Extending Social Security Solvency by a Year
(DBN)

Biden compounds his baby formula problems
(DBN)

US Crackdown on Forced Labor in China Risks Further Supply Chaos
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Rent Increases Up Sharply Year-over-year, Pace is slowing
(DBN)

US Mortgage Rates Slip as Market Shows Signs of 'Normalizing'
(DBN)

Elected leaders, Tepper's team avoid question over Rock Hill deal collapse David Tepper's real estate company owes nearly $50M, bankruptcy filing shows
(DBN)

Multiple families left with liens, half-finished homes after builder files bankruptcy
(DBN)

____________

Municipalities:

Local governments turn away $73M of federal pandemic aid
(DBN)

____________

Oil/Gas:

OPEC+ bows to pressure and agrees to increase oil output hikes by 50% US Praises OPEC+ and Saudi Arabia for Accelerating Oil Hikes Oil Rises as Traders Weigh Modest OPEC Pledge, Lower Stockpiles What OPEC+'s Production Decision Means for Global Oil Markets
(DBN)

Gasoline Prices Blow Past $7 in Some States
(DBN)

White House weighs oil profits tax to fund consumer rebate
(DBN)

'We have a serious problem': The world may be careening toward a 1970s-style energy crisis
(DBN)

BMW's Long and Winding Road to Cut Gas From Carmaking
(DBN)

US Postal Service signals it will order more electric trucks after backlash
(DBN)

US East Coast Fuel Crisis Deepens Ahead of Peak Season
(DBN)

As natural gas expands in Gulf, residents fear rising damage
(DBN)

____________

Climate:

California begins rationing water amid worst drought in 1,200 years
(DBN)

Democrats must limit oil shocks along with climate risks
(DBN)

New York Plans 22 Renewable Energy Plants to Reach Climate Goals
(DBN)

Climate Change Will Force a New American Migration
(DBN)

What a Stock-Price Divergence Reveals About Climate Policy and Risk
(DBN)

____________

Education:

Blackstone Veteran Gives Loyola $100 Million for Diversity
(DBN)

____________

Student Debt:

Debt wiped for Corinthian students as bigger decisions loom
(DBN)

I Went on Strike to Cancel My Student Debt and Won. Every Debtor Deserves the Same.
(DBN)

____________

Utilities:

Texas Electric Rates Have Surged Over 70%
(DBN)

As ERCOT Pushes Energy Conservation, Some Fear Crypto Biz Could Tank Texas' Faulty Power Grid
(DBN)

____________

Politics:

More than half of Republicans say U.S. 'seems headed' towards another civil war in the near future,
(DBN)

Manchin's bipartisan energy talks crumble, paving way for Democrat-only deal
(DBN)

Biden approval rating rises 6 points from record low: poll
(DBN)

Biden outpaces predecessors on vacation time
(DBN)

Chaos erupts in Utah county attorney race over allegations of 'cannibalism' and 'ritualistic sex abuse'
(DBN)

Texas targets private equity with gun "anti-discrimination" law
(DBN)

Nadler says assault weapons ban will hit House floor 'if we have the votes'
(DBN)

Pelosi says House will vote on gun package next week 'Prepared for failure': Democrats confront reality on gun talks as senators search for 'incremental' deal with GOP Gohmert fires back at Democrats on gun debate: 'You think we don't have hearts?' GOP lawmaker pulls guns during markup 21 Democrats ask leaders to split up gun package Biden to Urge Congress to Act on Guns in Prime-Time Address Biden calls on Congress to reinstate federal assault weapons ban Biden appeals for tougher gun laws: 'How much more carnage?' Biden officials privately bearish on gun control deal In Aftermath of Mass Shootings, Biden Cites Antonin Scalia While Proposing 'Assault Weapons' Ban and Expanded Liability for Gunmakers
(DBN)

NY Lawmakers Raise Age to Buy Semiautomatic Rifles to 21 From 18
(DBN)

Gun Manufacturers Are Doubling Down
(DBN)

The Buffalo and Uvalde mass shootings have put some gun raffles on pause, for now
(DBN)

Chicago archbishop adds his voice to the calls for gun safety legislation
(DBN)

Crypto Industry Eclipses Defense, Big Pharma in US Political Giving
(DBN)

Gay Days Takes Over Disney World Despite Florida Battle
(DBN)

Two words explain why Trump won't run in 2024
(DBN)

Florida Supreme Court's decision leaves DeSantis congressional map in place
(DBN)

DeSantis asks medical board to ban transgender healthcare
(DBN)

FactCheck: Dead people always vote Democrat
(DBN)

Disputed Ballots in Pennsylvania Senate Race to Be Counted
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (4 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:

What's Needed For Subchapter V "Engaged In" Eligibility? Not Much—Not Even A Profit Motive (RS Air)
(DBN)

____________

Deceased Debtors:

Judge Michael Parker Addresses the Dead Debtor Problem
(DBN)

____________

Aviation:

How Singapore Airlines Beat the Pandemic and Came Out Ahead
(DBN)

1,370 Flights Canceled on Thursday
(DBN)

____________

Coal:

Red-Hot Coal Prices Threaten More Increases in Power Bills
(WSJ)

____________

Labor:

Apple to Improve Working Hours for Retail Staff After Union Push
(DBN)

Microsoft Says It Will Work With Unions, With Eye on Activision
(DBN)

____________

Food/Beverage:

Restaurants Add New Fees to Your Check to Counter Inflation
(WSJ)

____________

Hotels:

Hotels: Occupancy Rate Up 3.2% Compared to Same Week in 2019
(DBN)

____________

Celebs:

Erika Jayne Reportedly Earns More Money for Discussing Tom Girardi on 'RHOBH'
(DBN)

50 Cent Disputes Young Buck's Bankruptcy Claim as Legal Dispute Continues
(DBN)

____________

Healthcare:

Migraine Patch Developer Zosano Goes Bankrupt, Will Sell Assets
(DBN)

They Tried to Get PPE When We Needed It Most. Instead, They Got Ripped Off.
(DBN)

America still needs more COVID treatments
(DBN)

More Than Two-Thirds of People Have Covid Antibodies, WHO Says
(DBN)

Covid Vaccines for Kids Under 5 Are Set to Begin in US This Month
(DBN)

Staffing Shortages to Cost US Care Facilities $19.5 Billion This Year, Study Finds
(DBN)

____________

Sovereigns:

Pakistan's Forex Reserves Dip Below $10 Billion as IMF Loan Uncertain Moody's Downgrades Pakistan Outlook to Negative After IMF Delay
(DBN)

Sri Lanka Can't Use $1.5 Billion China Swap Due to IMF Concerns
(DBN)

Pakistan: Tough decisions taken to avoid bankruptcy, revive national economy: Petroleum Minister Imran Khan urges the establishment to intervene in order to save Pakistan from getting bankrupt
(DBN)

____________

UK:

Annual Review of Insolvency Practitioner Regulation 2021
(DBN)

____________

EU:

ECB Traders Now See Historic Half-Point Rate Hike in December
(DBN)

____________

Canada:

`We Need More People': Trudeau Lacks Workers for His Housing Fix
(DBN)

Dealing with debt: Experts break down ways to manage as Canadians struggle
(DBN)

Toronto Home Prices Drop for Third Straight Month as Rates Jump
(DBN)

Conservatives Cruise to Second Majority Win in Ontario Election
(DBN)

Canada Banks Issue Flurry of Bonds as Stagflation Fears Mount
(DBN)

____________

Russia:

With key city close to falling, pressure on West to get weapons to Ukraine What's wrong with Vladimir Putin? Putin Treated for Cancer in April, U.S. Intel Report Says Putin Thinks He's Winning Ukraine War Putin fires five more generals: report Intercepted audio shows 2 Russian officers cursing out Putin and other commanders in charge of the Ukraine invasion The unpalatable truth in Ukraine 36 experts agree: Stay the course in Ukraine Zelensky: 20% of country under Russian control Ukraine facing grinding campaign as it waits for weapons Zelensky says Ukrainian troops have 'some success' in battles in Severodonetsk 100 days that rocked the globe The first 100 days of war in Ukraine could be just the beginning World looks elsewhere as Ukraine war hits 100 days Not what Putin had in mind The West Looks To Ramp Up Arms Deliveries To Ukraine Russian Ukraine War by the Numbers
(DBN)

Ukraine Hikes Rate to 25%, Resuming Policy Moves After Invasion
(DBN)

Ukraine files treason case against Putin ally
(DBN)

____________

Brazil:

Brazil's Rate Is Headed to 14% From Just 2% in Depth of Pandemic
(DBN)

____________

India:

Liability of Corporate Debtor should be included in Information Memorandum regardless of delay in filing claims: NCLAT
(DBN)

Section 18 of Limitation Act applicable to proceedings under Insolvency and Bankruptcy Code, 2016
(DBN)

Liability of Corporate Debtors
(DBN)

Is the latest IBBI data a turning point in India's insolvency and bankruptcy journey?
(DBN)

India Reports Biggest Jump in Covid Cases in Almost Three Months
(DBN)

India's May Services Activity at Highest Level in 11 Years
(DBN)

____________

China:

Shanghai neighborhoods return to lockdown a day after restrictions eased
(DBN)

China Sentences Ex-City Party Chief to Death With Reprieve
(DBN)

____________

Australia:

Australia's largest home builder narrowly staves off collapse as construction crisis mounts
(DBN)

____________

Germany:

Inflation Forces Almost Half of Germans to Rein In Spending
(DBN)

____________

France:

French Industrial Production Unexpectedly Fell in April
(DBN)

____________

Italy:

Italy Is Held Back by 2.6 Million People Who Have Given Up on Work
(DBN)

____________

Turkey:

Turkey rebrands as 'Türkiye,' changing name at the United Nations
(DBN)

Inflation Is Erdogan's Only Rival as Prices Hammer Him in Polls
(DBN)

____________

MENA:

$100 Oil Has Been A Blessing For Gulf Economies
(DBN)

Inflation Doesn't Stop UAE's Biggest Business Upswing This Year
(DBN)

____________

Romania:

One Of The Oldest Romanian Companies With Private Capital Out Of Insolvency After 8 Years
(DBN)

____________


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