June 6, 2022

The Daily Bankruptcy News

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Law:

Biglaw Firm Hands Out Raises To New York Associates To Ring In The Weekend
(DBN)

Plaintiffs lawyer Tom Girardi, estranged husband of 'Real Housewives' star, is disbarred
(DBN)

Latest U.S. jobs report shows more legal sector growth in May
(DBN)

Georgetown Law retains incoming scholar despite his 'lesser Black woman' tweet
(DBN)

My Never-Ending Learning Journey From Public Service to Big Law
(DBN)

Going Deeper Than Just Biglaw Revenue Numbers
(DBN)

Conquering The To-Do List At A Small Firm
(DBN)

Summer Associates Events Law Firms Should Avoid
(DBN)

Law Professor On The Future Of The First Amendment
(DBN)

What Does the Second Amendment Mean in '22
(DBN)

A History of Gun Rights in America
(DBN)

Las Vegas Lawyer Accused of Having Sex with Clients in His Office While Knowing That Staffers Could Watch Live Video Feed
(DBN)

After sanction against Keurig, law firm Winston said to seek $2.5 million in fees
(DBN)

Law enforcement's Uvalde narrative keeps changing DOJ review of Uvalde shooting will likely reveal key missing details about attack Uvalde Police Chief is in Hiding Texas school shooting victims take action against gunmaker Frustration mounts over shifting stories as state senator warns about future safety Police are supposed to put their lives on the line. Uvalde was a failure Uvalde's Robb Elementary will become "something other" than school: Superintendent Are Police Required to Confront a School Shooter? No Robb Elementary staffer files first legal action against maker of gun used in Uvalde school massacre Matthew McConaughey and his wife, Camila Alves, set up Uvalde relief fund To stem school shootings, Texas Lt. Gov. Dan Patrick wants $50M for bulletproof shields Uvalde Mom Who Was Handcuffed Says Police Warned Her Not to Tell Her Story Uvalde Cops Enlisted Bikers to Block Reporters Pastor shot at by Uvalde gunman recounts terror in sermon Students of color push back on calls for police in schools
(DBN)

South Carolina Man Made Threats to Shoot Up Schools: DOJ
(DBN)

Texas leads nation in mass shootings, and gun statistics point to why
(DBN)

How to prevent gun deaths without gun control
(DBN)

Drones armed with Tasers are no way to combat school shootings, ACLU says
(DBN)

Buffalo 911 dispatcher fired after mishandling call during supermarket shooting
(DBN)

At least 36 injured, 7 killed overnight in 3 separate mass shootings 9 Dead in Mass Shootings Across America What we know about Philadelphia's deadly mass shooting Mass Shooting at Phoenix Gathering
(DBN)

Victims' parents, survivors of Uvalde and Buffalo shootings to testify before House Oversight panel
(DBN)

Uvalde school board declines to punish police chief who failed to confront Robb Elementary gunman
(DBN)

Biden claimed more kids are dying of guns than cars. Here's what the data shows.
(DBN)

San Antonio police fatally shoot 13-year-old boy who allegedly rammed car into patrol vehicle
(DBN)

Trump ally Peter Navarro indicted, arrested at airport Trump Advisor Peter Navarro Discovers That Blowing Off A Grand Jury Can Be Bad For Your Health 'Please Read My Suit': Former Trump Advisor Peter Navarro Alleges 'Prosecutorial Misconduct' in Court Following Contempt of Congress Charge Former Trump aide Peter Navarro indicted for contempt of Congress Ex-Trump advisor Peter Navarro said he was put in handcuffs and 'leg irons' while being arrested at the Nashville airport on charges of defying the House January 6 committee Justice Department declines to prosecute former Trump chief of staff and deputy Jan. 6th committee questions "puzzling" DOJ decision on top Trump aides Another Proud Boy Pleads Guilty What to Expect During Jan. 6 Hearings Jan. 6 panel fumes over 'unauthorized' interview by former adviser GOP Rep. Tom Rice still "livid" Trump did nothing to stop Jan. 6 Proud Boy Who Nearly Came Face to Face with Chuck Schumer Inside the Capitol on Jan. 6 Pleads Guilty to a Felony Ex-DC Cop: Most Don't Care About Jan. 6 An infamous day. A search for answers. Will America tune in? Capitol Riot Apologists Go Unpunished as Memories of Horror Fade
(DBN)

Woodward & Bernstein: Nixon vs. Trump
(DBN)

NY Moves Closer to Charging Steve Bannon
(DBN)

Trump's Summer Plans Include 7-Hour Grilling in Fraud Suit Donald Trump and His Adult Children Will Spend Seven Hours Apiece in Depositions for a Suit Accusing Them of Promoting a Pyramid Scheme: Doc
(DBN)

Alleged 'boogaloo' extremist sentenced to 41 years in murder of federal officer
(DBN)

Pressure builds for Durham to ditch Russia probe Will Merrick Garland Fire John Durham?
(DBN)

Retired officer arrested outside U.S. Capitol with body armor, ammo and fake Interpol badge
(DBN)

Former Trump Chief of Staff Mark Meadows avoids contempt charges after literally being seen burning documents: report
(DBN)

Pence chief of staff alerted Secret Service of risk to Pence
(DBN)

Michael Avenatti Receives Another Prison Sentence, This Time In Stormy Daniels Case
(DBN)

GoFundMe removes $1 million fundraiser claiming to help Amber Heard pay $10 million in damages to Johnny Depp, report says Amber Heard verdict blasted as setback for women and domestic violence survivors Amber Heard faces uphill climb, 'long shot' in appeal, legal experts say How high life and little work left Amber Heard facing bankruptcy after losing Johnny Depp battle
(DBN)

Shooting at Iowa Church Leaves 2 Dead
(DBN)

Overturning Roe Would Be Just the Beginning How adoption agencies are responding to potential overturning of Roe v. Wade Black leaders aren't surprised Roe is at risk, but they're prepared for the aftermath In Florida, There's a Growing Gap Between What People Say About Abortion and What They Do The Doctor Prescribing Abortions from Overseas A California woman was jailed for having a stillbirth. Her attorney says prosecution for miscarriages will 'only get worse' under the nation's current abortion rights crackdown. Doctor named in abortion case has nothing to do with lawsuit
(DBN)

CA: Had Stillbirths, Charged with Murder
(DBN)

Almost all asylum-seekers in L.A. lack legal counsel, face deportation, report says
(DBN)

Georgia court rules against employers that deny transgender health coverage
(DBN)

Woman Allegedly Ran Over Man with Car Three Times After Tracking Him Down with Apple AirTag and Accusing Him of Cheating
(DBN)

Man Allegedly Destroyed Ancient Works of Museum Art Because He Was 'Mad at His Girl'
(DBN)

Controversial 'Tiger King' Zookeeper Arrested by the FBI in South Carolina
(DBN)

Former Air Force Sergeant Sentenced to 41 Years in Prison for Murdering Federal Guard in Attack on Courthouse
(DBN)

US, Latin America Are Developing Migration Pact to Address Surge
(DBN)

______________

Judges:

Former Wisconsin judge killed in 'targeted' attack; suspect had hit list that included Mitch McConnell, Gov. Whitmer Wisconsin Judge's Assassin Identified One Shot Dead, One Wounded in Possible 'Targeted Act' Against the 'Judicial System' at Home of Former Wisconsin Judge Gretchen Whitmer's office says she was on 'hitlist' found with suspect accused of killing judge Wisconsin Man Accused of Shooting, Killing Judge Who Sent Him to Prison After Complicated Series of Appeals
(DBN)

Supreme Court backlog is the largest in percentage terms since at least 1950
(DBN)

The Supreme Court Is Building Its Own Surveillance State
(DBN)

______________

Wall Street:

Nasdaq drops more than 2% to lead US stocks lower as the major indexes return to weekly losses
(DBN)

______________

Layoffs:

Not Just Another Round of Tech Layoffs
(DBN)

Musk Backtracking on Slashing Head Count
(DBN)

Mr. Cooper lays off 420 employees
(DBN)

______________

Fraud:

Covid fraud: how bounce back loans paid for cars, watches and even porn
(DBN)

____________

Crypto:

HSBC, SocGen, IBM backed blockchain company We.Trade starts insolvency procedure
(DBN)

Recent Disclosure Guidance Highlights Growing Concern Surrounding the Risks of User Assets Held by Various Crypto Custodians
(DBN)

____________

Education:

'Hateful' anti-LGBTQ graduation speech at Ohio high school sparks outrage
(DBN)

University of Phoenix president steps down amid federal inquiry into previous role
(DBN)

____________

Student Debt:

Meet a teacher with $303,000 in student debt who says Biden's $10,000 loan-forgiveness plan 'is not even a drop in the bucket'
(DBN)

'A drop in the bucket.' Some lawyers pan $10,000 student debt plan
(DBN)

____________

Retailing:

About 100 Sears Hometown stores are closing
(DBN)

____________

Religion:

The evangelical church faces a 'state of emergency' over the pandemic and politics, Andy Stanley says
(DBN)

Oak Lawn United Methodist Church to self-appoint LGBTQ pastors after bishop denies request
(DBN)

After Repeatedly Proclaiming His Innocence and Claiming He Was 'Framed,' Megachurch Pastor Pleads Guilty to Child Sexual Abuse
(DBN)

____________


Economy:

Economy gains greater-than-forecast 390,000 jobs in May May Employment Report: 390 thousand Jobs, 3.6% Unemployment Rate
(DBN)

Comments on May Employment Report
(DBN)

Jobs boom loses heat
(DBN)

Q2 GDP Forecasts: Around 3.0%
(DBN)

Goldman Says US Economy Remains on Narrow Path to Soft Landing
(DBN)

Fed Delivers Fuzzier Rate Message as It Gauges Impact of Hikes
(DBN)

Wealthy Spurge, Poor Pull Back
(DBN)

Is 'greedflation' rewriting economics, or do old rules still apply?
(DBN)

Joe Biden's new go-to tool to fight inflation? The deficit.
(DBN)

Fed to Stay on Aggressive Rate Hike Path
(DBN)

Black Swan Investor Is Watching for 'Greatest Credit Bubble' to Pop
(DBN)

Larry Fink sees elevated inflation for years due to supply shocks
(DBN)

Team Transitory Is Back Warning Big Rate Hikes Are a Big Mistake
(DBN)

Morgan Stanley lays out why it thinks inflation is cooling — which should ease investors' fear of an extreme 1970s-style shock
(DBN)

U.S. car sales at 'recessionary levels,' as inflation, rising interest rate concerns increase, RBC says
(DBN)

China's 'Zero Covid' Mess + Ukraine Crisis = Global Recession
(DBN)

Investors may be in for a rude surprise: History shows inflation can take years to return to normal, even when the Fed hikes interest rates above 10%
(DBN)

Wall Street is panicking about a recession. But consumer spending and cooling inflation means it's not going to happen, a US strategist argues.
(DBN)

An economist shares 3 policies that can reverse income inequality — and what the US can learn from them
(DBN)

Baby formula production resumes at Abbott factory in Michigan linked to contamination Baby formula shortage set to last into the summer while Abbott prioritizes specialty products, report says Some Abbott specialty baby formulas expected in stores later this month
(DBN)

Russian oligarch Roman Abramovich's British telecoms company Truphone, once worth half a billion dollars, to be sold for $1 Russian oligarchs have been sanctioned like Osama bin Laden was, and they're using similar tactics to avoid them, an expert said Marriott Leaves Russia Russian Car Sales Collapse as Isolation Hits Once-Hot Industry India in Talks to Increase Russian Oil Imports From Rosneft Oil Tankers Make Rare Mid-Atlantic Switch of Russian Crude Cargo
(DBN)

Remote work may not be working any more
(DBN)

Worker Shortages Slam Summer Camps
(DBN)

Banks and Tech Giants Are Losing Skilled Staff to Flexible Fintechs
(DBN)

Report highlights Social Security's looming insolvency, but White House doesn't
(DBN)

Lifting Tariffs on Goods May Make Sense, US Commerce Chief Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

What bankruptcy means for David Tepper and contributors of training facility York County responds after Panthers owner David Tepper's real estate company declares bankruptcy
(DBN)

Judge: Moskovits, Lichtenstein can't be trusted with Williamsburg Hotel
(DBN)

Work From Home and the Office Real Estate Apocalypse
(DBN)

Realtor.com Reports Weekly Inventory Up 11% Year-over-year
(DBN)

When will House Price Growth Slow?
(DBN)

3 signs the housing market is slowing down
(DBN)

Lumber prices see no relief and continue to drop as Fed rate hikes put pressure on the housing market
(DBN)

Real estate agents got $3.9 billion in Covid relief PPP funds. The housing market boomed, but few repaid the loans.
(DBN)

Housing Boom Fails to Lift All Homes Above Previous Cycle's Peak
(WSJ)

One in two homes sold in Tarrant County last year was bought by a company or corporation
(DBN)

____________

Municipalities:

Rethinking Roadblocks to Municipal Bankruptcy
(DBN)

Fiscal concerns abound for a post-Oversight Board Puerto Rico
(DBN)

Public Pressure Key to Pushing Puerto Rico Status Vote: Grijalva
(DBN)

____________

Oil/Gas:

One Size Does Not Fit All Leases—It's Time to Amend Bankruptcy Code Section 365
(DBN)

Oil Execs Cash Out Like Crazy While Gas Prices Soak Americans
(DBN)

Chevron CEO says there may never be another oil refinery built in the U.S.
(DBN)

$10 a gallon in CA?
(DBN)

Buttigieg: "Price of gasoline is not set by a dial in the Oval Office"
(DBN)

Gas prices are vulnerable to a disastrous spike this summer as a busy hurricane season could intensify a US energy crunch
(DBN)

US Increases Ethanol Blending Requirement
(DBN)

Texas' Anti-Business, Pro-Fossil Fuel Law Is Spreading
(DBN)

____________

Utilities:

State officials warn of increased summer blackouts
(DBN)

____________

Celebs:

50 Cent's Legal Team Disputes Young Buck's Bankruptcy Claims, Says Buck Fraudulently Ducking Creditors
(DBN)

Reality clobbers Elon Musk Musk deal for Twitter dodges lengthy U.S. antitrust review Tesla owners love their cars. Elon Musk? Not as much. Elon Musk Loses His Cool Read the email Elon Musk sent to Tesla employees about returning to the office before saying headcount will increase Wheels Coming Off Tesla's China Drive Elon Musk's Mars Plan is Delusional Musk's Mixed Messages on Job Cuts Send Everyone on a Wild Ride
(DBN)

____________

Politics:

Biden, who ran on competency and experience, is struggling to manage multiple crises
(DBN)

Midterm Math Works Against the Democrats
(DBN)

'Quit filibustering it': Republican's town hall heats up over gun laws The gun lobby's growing divide Poll: Americans overwhelmingly prioritize gun control over ownership rights Conservative Texas Donors Call for Gun Control Measures Senators 'confident' US gun control deal is within reach US Senators Say Gun Talks Inching Forward But Outcome Unclear Senators tout "realistic" gun control goals amid more mass shootings Republican Congressman Quits Race After Backlash Over His Gun Stance Lawmaker pulls out weapons on webcam: 'I can do whatever I want with my guns' Uvalde and Buffalo shootings' survivors and victims' families to address House panel Everything you need to know about a federal assault weapons ban
(DBN)

Kellyanne Conway blasts Mark Meadows' tenure as Trump's White House chief of staff: 'The man did not match the moment'
(DBN)

Kellyanne Conway's Memoir Sales Fall Flat After Trump Blasts Her and 'Crazy Husband' on Truth Social
(DBN)

Trump calls Paul Ryan a 'pathetic loser' after the former Republican House Speaker said many in the GOP didn't have guts to impeach him
(DBN)

Liz Cheney: GOP in "cult of personality" around Trump
(DBN)

Trump is moving from Mar-a-Lago to New Jersey for the summer and congressional Republicans are already following him
(DBN)

Trump on the brink?
(DBN)

Trump's Ukraine impeachment shadows war, risks GOP response
(DBN)

Dave McCormick concedes to Dr. Oz in Pennsylvania Senate primary
(DBN)

Rep. Liz Cheney in a bitter fight against Trump-backed Wyoming GOP primary rival
(DBN)

DeSantis vetoes $35 million for a Tampa Bay Rays facility after the team tweeted about gun control, saying it is 'inappropriate to subsidize the political activism of a private corporation'
(DBN)

Gay Travelers Gather at Disney World to Vacation and Make a Statement
(WSJ)

No Evidence of Flaws in Voting Machines
(DBN)

The Supreme Court is about to rule on another scary voting rights case
(DBN)

Republicans ignore redistricting order from Ohio Supreme Court, signaling they intend to run out the clock
(DBN)

AZ: GOP Wants to End Mail in Voting
(DBN)

Many Reporters Think McCarthy is Dumb
(DBN)

Is Nebraska building a $500 million 'canal to nowhere' just to own the libs?
(DBN)

A House Democrat plans to introduce a bill that would hit AR-15's with a 1,000% tax — and it could pass Congress without GOP votes
(DBN)

Can Dems Win in Rural America Ever Again?
(DBN)

___________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

May Total Commercial Chapter 11 Bankruptcy Filings Increased 34 Percent Over the Same Period Last Year
(DBN)

______________

Rooker-Feldman:

Fifth Circuit Restricts Rooker-Feldman Doctrine Allowing Race to the Courthouse
(DBN)

____________

Bankruptcy Policy:

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

____________

Automatic Stay:

Putting With a Pitching Wedge: Indiscriminating Termination of the Automatic Stay
(DBN)

____________

Discharge:

The Hardship Discharge and How It Can Improve Debtor Success
(DBN)

____________

Mass Torts:

Alex Jones Stomps Out Of Bankruptcy After Failing To Scare Off Sandy Hook Plaintiffs InfoWars Defends Bankruptcy After Agreeing With DOJ to Dismiss
(DBN)

Scramble is on to develop, preserve Boy Scout campgrounds across country Scouts sell off camps under strain from sex abuse suits Bankrupt Boy Scouts may have $10 billion in land. And developers want it.
(DBN)

Photos: Boys Scouts face scandal, bankruptcy
(DBN)

TPC bankruptcy reveals need for more safeguards
(DBN)

____________

Aviation:

Azorra picks up 37-aircraft portfolio as lessor NAC exits Chapter 11
(DBN)

The Fifth Coming Of Indian Aviation
(DBN)

Wizz Air to Shut Doncaster Base Amid UK Travel Squeeze
(DBN)

____________

Autos:

Car sales at 'recessionary levels'
(DBN)

____________

Climate:

Earth's carbon dioxide levels hit record high
(DBN)

Heat waves hit low-income communities hardest
(DBN)

Channel surfing for climate plans
(DBN)

Climate is a local issue now
(DBN)

San Francisco's "managed retreat" from rising sea levels
(DBN)

As California's big cities fail to rein in their water use, rural communities are already tapped out
(DBN)

Southern Florida Gets a Foot of Rain
(DBN)

"Megadrought" threatens Arizona water cutbacks
(DBN)

Miami is hit by major flooding with up to 12 inches of torrential rain Heavy rain hits Florida, flooding strands Miami vehicles

____________

Autos:

In Hertz false arrest cases, bankruptcy judge opens door for dozens of customers to proceed in state courts
(DBN)

The average auto loan interest rate by credit score, loan term, and lender
(DBN)

750 Complaints on Tesla's Phantom Braking
(DBN)

Gen Z and millennials default on auto loans at far greater rates than before the pandemic
(DBN)

If you haven't already booked a rental car for your summer vacation, you might want to rethink your trip
(DBN)

____________

Ride Hailing:

California regulators approve state's 1st robotic taxi fleet
(DBN)

____________

Steel:

Tariff Fight Paralyzing US Solar Threatens American Steelmakers
(DBN)

____________

Healthcare:

Mask rules are suddenly back in California as coronavirus hits danger zone
(DBN)

Overlapping, highly contagious COVID subvariants are spreading fast in Florida
(DBN)

COVID June 3, 2022: Hospitalizations Increasing
(DBN)

How an Airport Nail Salon Became the Frontline of US Covid Surveillance
(DBN)

Monkeypox treatments and vaccines shipped to states as U.S. cases rise
(DBN)

Special Olympics reverses vaccine requirement after Florida threatens $27.5M fine
(DBN)

____________

Sovereigns:

Russia walks the plank to a foreign bond default
(DBN)

Sri Lanka holds its breath as new PM fights to save economy
(DBN)

Chinese debt traps in Africa? The bigger worry is bondholders, study finds
(DBN)

____________

UK:

Katie Price slashes OnlyFans joining fee to claw in some cash amid bankruptcy
(DBN)

Boris Johnson Faces No-Confidence Vote Today
(DBN)

UK Fuel Prices Rise to Fresh Records, With Rally Set to Continue
(DBN)

British Mothers Miss Out on Almost £70,000 in Decade After Birth
(DBN)

Missguided accused of 'misleading' creditors on progress of business
(DBN)

____________

Russia:

As war drags on, Ukrainians start to ask: could we have prepared better? Explosions hit Ukraine's capital Putin warns of new targets as Kyiv shelled for the first time since April, destroying Western-donated tanks, claims Moscow Putin threatens "new targets" if U.S. supplies long-range missiles to Ukraine Putin has time -- and that may decide the war in Ukraine Russia threatens to strike the West if Ukraine hits it with US rockets 'They're in hell': Hail of Russian artillery tests Ukrainian morale Zelenskyy losing 60 to 100 soldiers a day As Ukraine loses troops, how long can it keep up the fight? How Ukraine's new weapons reflect a very different battlefield Putin's Invasion of Ukraine Forces Biden to Rewrite US Security Plan U.S. general calls on West to send fighter jets to Ukraine 'as soon as possible' Russian Ukraine War by the Numbers UK boosts Ukraine support with high-tech missile system
(DBN)

Ukraine's biggest food producer says the global food crisis could spell catastrophe and impact 'hundreds of millions of people'
(DBN)

____________

China:

Shanghai Reopens
(DBN)

Beijing Opens Up Restaurants, Cinemas as China Continues Easing
(DBN)

____________

Hong Kong:

Company bankruptcy fund revised in win for workers
(DBN)

Appleby's Hong Kong Office Strengthens Its Corporate Insolvency And Restructuring Practice.
(DBN)

Hong Kong Sees Most Covid Cases in Six Weeks Amid Bar Cluster
(DBN)

____________

Australia:

Truck driver spends an extra $25,000 A month on petrol as prices soar
(DBN)

____________

India:

Centre of Main Interest in cross-border insolvency proceedings
(DBN)

Insolvency to be dropped if 90% creditors vote for it: Supreme Court
(DBN)

All transfers are not sales
(DBN)

____________

Nigeria:

Gunman Kill 50 in Nigeria Church Attack Gunmen at Nigeria church shot from both inside, outside
(DBN)

____________

MENA:

Israeli nationalists wage battle against Palestinian flag
(DBN)

____________

Thailand:

Thai Inflation Jumps to Highest in Nearly 14 Years on Costly Oil
(DBN)

____________

Bermuda:

Provisional Liquidation In Bermuda.
(DBN)

____________


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