June 7, 2022

The Daily Bankruptcy News

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Law:

Cravath Opens Its Second U.S. Office After More Than 200 Years Cravath Launches D.C. Office With Former SEC, FDIC Leaders New York's 'Last Holdout' Cravath Makes Play at DC Legal Market
(DBN)

The Increasing Value Of Lawyers
(DBN)

Proskauer Welcomes Adrian Cohen As a Restructuring Partner in London
(DBN)

Weil Adds Restructuring Partner Lois Deasey in London
(DBN)

Biglaw Firm Increases Associate Compensation For A Hot Salary Summer
(DBN)

New research examines attorneys' sense of work value and health
(DBN)

Paralegals, Systemic Changes, And Contracts: Putting The 'Modern' In Modern Law
(DBN)

Biglaw Associate Isn't Sure Biden's Student Loan Cancellation Will Make Much Of A Difference For Lawyers
(DBN)

The Best Law Schools In The World (2022)
(DBN)

After repeat failures to meet bar pass standard, ABA gives Cooley Law School extension
(DBN)

Ilya Shapiro Won't Be Teaching At Georgetown. Here's Why We Should Care Georgetown lecturer resigns after investigation into controversial tweet
(DBN)

Lawyer David Boies bills $1,950 hourly in Google case, court filing shows
(DBN)

Supreme Court declines to hear case from lawyer couple that pointed guns at BLM protest US Supreme Court declines to hear McCloskeys' law license case
(DBN)

In historic shift, far fewer teens face adult US courts
(DBN)

Jan. 6 committee's secret adviser Jan. 6 Hearings Aim to Catch America's Attention With Prime-Time TV Debut Raskin says Jan. 6 panel has found more on Trump than 'incitement' Liz Cheney: Jan. 6 "conspiracy" was "extremely broad … well-organized" Percentage of Americans who say Trump was responsible for Jan. 6 drops: poll Enrique Tarrio, other Proud Boys indicted on seditious conspiracy charges DOJ Announces Seditious Conspiracy Charges Against Proud Boys Leader Enrique Tarrio and Four Others in Jan. 6 Capitol Attack Hundreds charged with crimes in Capitol attack Proud Boys documentarian expected to testify at first Jan. 6 hearing Email reveals Trump campaign told fake electors in Georgia to use 'complete secrecy' Jan. 6 insurrection: A viewer's guide to 1st public hearing Jan. 6 Hearings Give Democrats a Chance to Recast Midterm Message
(DBN)

Michael Cohen overstated role in Manhattan DA's investigation, prosecutors say
(DBN)

NY attorney general isn't satisfied with Trump's bid to stay out of contempt after deposing longtime assistant
(DBN)

A Michigan Sheriff and a 'Kraken' Lawyer Lost a 2020 Election Lawsuit in Federal Court. They Just Filed Another in State Court.
(DBN)

Where Trump's long list of legal challenges stand
(DBN)

"Red flag" laws test evidence that mass shootings are preventable "Red flag" laws work — but only if they are used correctly, data show
(DBN)

Taser company nixes idea of using drones as flying stun guns to respond to mass shootings. Controversy caused some ethics-board members to quit.
(DBN)

Uvalde funeral attendant who encountered gunman says he tried to go after shooter, was held back 'A Slap in the Face,' Uvalde Senator Left Off TX Committee to Prevent Mass Shootings Families of students wounded in Uvalde school shooting take legal action
(DBN)

California teen with 'ghost gun' arrested after threatening to shoot 'up a school,' officials say
(DBN)

At least 12 dead in another weekend of mass shootings across America
(DBN)

Shooting in Chattanooga, Tennessee, leads to 3 dead, 14 injured
(DBN)

White House criticizes Louisiana abortion bill as 'radical'
(DBN)

Adams calls NYC's criminal justice system 'laughingstock of our entire country'
(DBN)

San Francisco's 'soft-on-crime' DA faces possible recall vote A liberal D.A. finds voters' moods have changed even in San Francisco
(DBN)

'I'm not jumping in' Bodycam shows cops doing nothing as man pleads for help before he drowns Arizona Police Officers Watched Him Drown
(DBN)

Huge caravan of up to 15,000 migrants heads through Mexico towards the U.S. border ahead of Biden's Summit of the Americas in Los Angeles
(DBN)

Man charged in 6 murders took selfie at crime scene, investigators say
(DBN)

Judge rejects Arizona death row inmate's appeal, says Constitution "does not require a pain-free execution"
(DBN)

Judge delays trial of two former cops in George Floyd killing until 2023
(DBN)

Police driving practices under scrutiny as crashes kill officers, bystanders
(DBN)

$3M settlement reached in lawsuit over Black man's death
(DBN)

Why Johnny Depp's courtroom victory is a Pyrrhic one
(DBN)

Missing 4-year-old found safe in Montana after two days on his own outdoors
(DBN)

SCOTUS Rules Florida Can Recoup Hundreds of Thousands of Dollars in Medicaid Payouts from Personal Injury Settlement of Woman in Vegetative State Kagan joins majority as Supreme Court allows state to recoup Medicaid costs from injury settlement
(DBN)

Los Angeles Philanthropist Accused of Killing Two Boys as She Sped Through a Crosswalk Pleads Not Guilty to Murder
(DBN)

Free Gas Cards Are the GOP's New Campaign Gimmick — and It's Legal
(DBN)

Florida Fire Chief Charged with Murdering Business Owner After Shop Surveillance Video 'Showed How the Homicide Unfolded': Sheriff
(DBN)

People With These Personality Traits Tend to be More Intelligent
(DBN)

Mother Charged With Manslaughter After 2-Year-Old Fatally Shoots Father
(DBN)

Federal judge OKs Oklahoma's lethal injection method
(DBN)

Cosby Accuser Describes Going To Playboy Mansion With The Comedian
(DBN)

______________

Judges:

Five biggest issues to watch at Supreme Court as high-profile term ends
(DBN)

Suspect who fatally shot retired judge had been sentenced to 6 years in prison by him The former Wisconsin judge killed in a 'targeted attack' had sentenced the suspect to prison more than 15 years ago, court documents say
(DBN)

I Ran Justice Alito's Draft Abortion Opinion through the BriefCatch Legal Editing Software. Here's What Happened.
(DBN)

Judge plans to levy "substantial fines" after Texas failed to comply with court-ordered fixes to its foster care system
(DBN)

______________

Wall Street:

Stock futures decline after Target's profit warning; Dow futures drop 260 points
(DBN)

European stocks pull back as inflation nerves grip markets
(DBN)

______________

Layoffs:

Autonomous trucks will deliver goods to Dallas Sam's Club stores
(DBN)

Musk's mixed messages on job cuts send everyone on a wild ride
(DBN)

Amarin to reduce workforce by 40%
(DBN)

Clubhouse lays off some employees amid strategic shift
(DBN)

______________

Retailing:

Target warns of squeezed profits as it rolls out aggressive plan to get rid of unwanted inventory Target Sinks After Cutting Profit View Over Inventory Pain
(DBN)

____________

Politics:

Biden wants to get out more, seething that his standing is now worse than Trump's
(DBN)

Why Biden sees fights with Musk, Bezos as good politics
(DBN)

California is about to experience a political earthquake
(DBN)

Texas GOP Donors Buck Party to Urge New Gun Limits After Uvalde Shooting Here's the reason people tell me they want to buy an AR-15. And it's simply ludicrous Manchin wants to raise age to 21 for gun purchases Key GOP senators signal age hike to buy semiautomatic weapons is off the table "Disconnect" seen between public and policymakers over gun laws Manchin: 'Makes sense' to raise age for buying semi-automatic rifles Enhanced background checks on the table in Senate's bipartisan gun talks Manchin is open to "looking at" assault weapons ban Cornyn says he's "optimistic" there are "60 plus" votes for gun legislation NY governor signs law raising age to own semiautomatic rifle Senate Gun Talks Wrestle with Red Flag Laws
(DBN)

Ocasio-Cortez in 'mini-rant' criticizes Democrats for railing against Latinx term
(DBN)

Milo Yiannopoulos is an intern for Marjorie Taylor Greene
(DBN)

Nude Hunter Biden cavorts with hooker, illegal weapon in latest mess for president
(DBN)

Republicans brace for next round of Trump primary chaos
(DBN)

Ron DeSantis beat Trump soundly in a straw poll —again— on how much conservatives would like each man to be their 2024 candidate
(DBN)

Kyle Rittenhouse claims he's going to Texas A&M. The university begs to differ. Kyle Rittenhouse to Texas A&M ruse is a sad sign for an opportunity wasted Second College: Rittenhouse Not Enrolled Here
(DBN)

Judge blocks Louisiana Congress map with one Black district A federal judge blocks Louisiana's congressional map, calling it a racial gerrymander.
(DBN)

Georgia's Turnout and New Voting Laws
(DBN)

Judge Won't Block Arizona Mail In Ballots
(DBN)

MI: Probe into Voting System Breach Widens
(DBN)

___________


Economy:

US Inflation Nearer 1980 Peak Than Thought, Summers Group Says
(DBN)

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

America's hidden boom
(DBN)

The Fed: 'This is going to hurt'
(DBN)

ServiceNow CEO says current economic downturn 'is not even close' to 2008 crisis
(DBN)

Inflation's complicated endgame
(DBN)

Persistent Inflation Puts Yellen in the Spotlight
(DBN)

Inflation takes a bite out of Biden's infrastructure ambitions
(DBN)

Thomas Piketty's Radical Plan for a More Equal World
(DBN)

Black-White Wealth Gap Getting Worse, 160 Years of US Data Show
(DBN)

Wage Gap Between CEOs & Workers Now 670-1
(DBN)

Market expectations for rate hikes are overly hawkish and central banks will end up living with some inflation in order to keep their economies growing, BlackRock says
(DBN)

Commerce secretary acknowledges pain of inflation
(DBN)

America's new labor market
(DBN)

Male Executives Control 99 Times More S&P 500 Shares Than Women
(DBN)

Biden waives solar panel tariffs, seeks to boost production
(DBN)

JPMorgan's Kasman Sees No Recession as Dimon's 'Hurricane' Ebbs
(DBN)

World's largest test of four-day work week begins in U.K.
(DBN)

2022 LGBTQ+ business climate scores, by state
(DBN)

DOJ moves to seize jets owned by Roman Abramovich US Moves to Seize Two Abramovich Jets Over Russia Sanctions Russia's Crude Oil Revenues Take a Hit Even as Export Swell Russian oligarch calls for EU to return the $460 million superyacht that was once involved in one of the largest divorce settlements in UK history Russia storms out of UN after being accused of using food blockade as 'stealth missile' Russian superyacht in Fiji handed to US authorities Google's Russian Empire Faces an Uncertain Future Swiss Top Court Halts Cooperation With Putin Regime in Tax Case Deutsche Bank Moving Russian IT Staff to New Hub in Germany

These charts show the state of the supply chain as China eases Covid lockdowns
(DBN)

How to talk to your boss if you're worried about being overlooked while remote
(DBN)

Individual Income Tax Payments on Pace to Reach Record Level
(WSJ)

A 26-year-old on track to make $200,000 from 2 remote jobs secretly squeezed into 40 hours explains how he gets away with it — and his 'only Great Resignation regret'
(DBN)

Labor unions warn Biden not to lift China tariffs
(DBN)

Please, go home: How COVID-19 halted labor migration
(DBN)

With the Roe v. Wade Decision Looming, Employers Are Rethinking Hiring in Certain States
(DBN)

Supply Snarls in the US Are Easing With Tight Trucking Seeing Relief
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

What happened in bankruptcy hearing involving Panthers' failed Rock Hill, SC, project
(DBN)

____________

Municipalities:

Puerto Rico With Bankruptcy Behind It Lays Out the Welcome Mat
(DBN)

Puerto Rico's Bond Investors Head to San Juan for Conference After 5-Year Bankruptcy
(DBN)

American Dream Mall Owner Skips Interest on $800 Million Municipal Bond
(WSJ)

'Game over': The tiny Central Coast town of Cambria is about to run out of water
(DBN)

____________

Oil/Gas:

US gas prices hit a new all-time record as 10 states pay $5 or more per gallon
(DBN)

Gasoline Near $10 in California
(DBN)

Goldman Says Oil Needs to Rally Further to Solve Market Deficit
(DBN)

Canada's Oil Sands Prices Trail Futures as Refining Costs Rise
(DBN)

LNG Tanker Rates Soar To Highest Level In 10 Years
(DBN)

Gas prices on verge of doubling since Biden's first day
(DBN)

Saudis Raise Oil Prices More Than Expected Amid Asia Rebound Saudi Arabia hikes oil prices sharply, sending US crude futures up to a 3-month high
(DBN)

Not Even $100 Oil Can Rescue Colombia's Ailing Oil Industry
(DBN)

UK Car Industry Faces EU Gas Vehicle Ban
(DBN)

'National fuel crisis' as electric car ownership surges
(DBN)

Electric Vehicle Outlook Is Even Brighter If the World Bikes and Takes the Bus
(DBN)

'Beauty Contest' With Batteries Will Decide the Future of Trucking
(DBN)

____________

Education:

America is pushing teachers to the brink
(DBN)

____________

Food/Beverage:

Restaurants layer on new fees to counter inflation
(DBN)

____________

Hotels:

Judge Takes Williamsburg Hotel From Moskovits and Lichtenstein Amid Fraud Concerns
(DBN)

Hotels in the Hamptons, Miami Rank Worst for Price Gouging
(DBN)

____________

Fraud:

Pair Who Went On The Run After Being Found Guilty Of Fraud At A Now Defunct Precious Metals Firm, Sentenced To Prison
(DBN)

Final case tied to college bribery scandal heads to trial
(DBN)

____________

Private Equity:

Private Equity Is Kinda, Sorta A Bit Of A Light Ponzi Scheme
(DBN)

____________

Autos:

Musk's warning could be auto industry's 'canary in the coal mine' moment
(DBN)

____________

Celebs:

The Former Glamour Model's Battle To Raise Cash Has Seen Her Launch An OnlyFans Account But She's Forced To Cut Membership Fees In A Fight To Lure Subscribers. Katie Price faces court today over £3.2million debt after declaring bankruptcy
(DBN)

____________

Pharma:

Mallinckrodt seeks expedited approval for scaled-back Chapter 11 exit financing
(DBN)

____________

Student Debt:

'No different than the mortgage crisis': NAACP President Derrick Johnson on why student loan cancellation is needed
(DBN)

Why Student Loan Forgiveness Has Been Delayed — 5 Takeaways
(DBN)

____________

Chemicals:

Embattled TPC Group files for Chapter 11
(DBN)

____________

Sports:

Five Tampa Bay Rays players decline to wear LGBTQ+ logo on uniform during Pride Night celebration Rays-ing hell MLB star rips players' refusal to wear gay pride patch: 'Absolute joke'
(DBN)

Deshaun Watson named in 24th civil lawsuit by another massage therapist
(DBN)

____________

Crypto:

Cryptocurrencies were once seen as an unmitigated boon for criminals. Not anymore.
(DBN)

Hackers and criminals have laundered over $2 billion through crypto exchange Binance since 2017, report says How Crypto Giant Binance Became a Hub for Hackers, Fraudsters and Drug Traffickers
(DBN)

Bipartisan crypto overhaul seeks to treat most digital assets as commodities and empower CFTC
(DBN)

Sweeping US Crypto Legislation Targets Stablecoins, Mining
(DBN)

Bitcoin Tumbles as Much as 7.1% to Drop Back Below $30,000
(DBN)

____________

Cosmetics:

Revlon looks to negotiate new terms with lenders
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 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)

Constitution:

Supreme Court Resolves Split on U.S. Trustee Fees US Supreme Court holds increased fees unconstitutional in some bankruptcy cases Court holds disparate fees in business bankruptcy cases unconstitutional DOJ Bankruptcy Watchdog Fee Hike Improper, Supreme Court Rules In Unanimous Opinion, Justice Sotomayor Upbraids Congress for Bankruptcy System that Left Debtors in 2 States Paying Much Lower Fees Than the Rest of the Country
(DBN)

____________

Bankruptcy Alternatives:

Court of Chancery's Increased Scrutiny of Non-Bankruptcy Liquidations
(DBN)

____________

Advisors:

Alvarez & Marsal Poaches Deloitte Mideast Turnaround Staff
(DBN)

____________

Safe Harbors:

Eighth Circuit Follows Second Circuit and Affirms Broad Safe Harbor Protections for Bank Customers
(DBN)

____________

Mass Torts:

Alex Jones Lawyers Want Off The Connecticut Sandy Hook Case
(DBN)

____________

Aviation:

Supreme Court Backs Southwest Baggage Worker on Arbitration in Pay Dispute Case The Supreme Court gives workers a backhanded victory
(DBN)

"This will be our largest hiring year": How airlines are preparing for busy summer travel season
(DBN)

Airlink to help stranded British Airways passengers, kulula.com to refund sale tickets
(DBN)

Indonesia's Garuda to Bolster Capital Via Two-Stage Rights Issue
(DBN)

____________

Tech:

Musk threatens to walk away from Twitter deal Elon Musk asserts his right to not buy Twitter Musk says Twitter is refusing to share data on spam accounts Texas AG launches investigation against Twitter for allegedly misreporting fake bot accounts Texas AG Issues Civil Demand for Twitter to Provide Information on Bot Accounts
(DBN)

Google Is Liable for Defamatory Videos Targeting Lawmaker, Australian Court Rules
(WSJ)

Russian media drives online hate
(DBN)

Don't Believe Everything You Read About the Man in This Photo
(DBN)

____________

Climate:

Biden to invoke Defense Production Act for clean energy
(DBN)

Louisiana Probes Source of Methane Cloud Spotted From Space
(DBN)

'Climate shocks' fueling multiple, looming food crises, U.N. says
(DBN)

Climate crisis costs up over 800% as UN donor nations fail to keep pace, report says
(DBN)

How to Win Battles Over Water in the Parched American West
(DBN)

Wildfires in US West Match Climate Projections 'Eerily' Well
(DBN)

____________

Healthcare:

Doctors and Nurses Plead for Confirmation of ATF Chief Slowed Down by GOP Objections
(DBN)

When hospitals value nurses as much as jello
(DBN)

The U.S. has discarded over 82 million Covid vaccine doses, led by CVS and Walmart
(DBN)

CDC adds 4 destinations to 'high' risk list
(DBN)

US Nursing Homes Face Closure Risks From Staffing Shortages Quality-of-care issues could thwart sale of financially troubled facilities
(DBN)

COVID-19 cases are on the rise. Does it matter anymore?
(DBN)

Covid hospitalization hot spots across the U.S., in five charts
(DBN)

How many Covid deaths are acceptable? Some Biden officials tried to guess.
(DBN)

Push for normalcy wins out in COVID wars
(DBN)

NYC Cancer Trial: Complete Remission for Everyone
(DBN)

____________

Religion:

59-year-old rabbi indicted on 7 counts of rape
(DBN)

Attorney for 'Upset' Jane Does Reacts to Megachurch Pastor's Plea Deal as Former Member Calls Outcome a 'Slap in the Face'
(DBN)

____________

Sovereigns:

Russia's Default Tussle With Bondholders Is Only Just Starting
(DBN)

Sri Lanka President Vows to Finish Term, Won't Run for Re-Election Sri Lanka holds its breath as new PM fights to save economy
(DBN)

____________

UK:

Britain's high costs will push more firms into bankruptcy, experts say
(DBN)

British PM Boris Johnson survives confidence vote that could've ousted him from power UK's Johnson scrambles to regain authority after rebellion Boris Johnson remains UK prime minister, but his days in office are 'numbered' Boris Johnson barely survives a challenge to his leadership Boris Johnson's Hollow Win Shows Civil War Raging in Tory Party
(DBN)

400,000 UK Workers Are Key to BOE's Rate Dilemma
(DBN)

PwC Fined £5 Million for Shoddy Audits at Two Construction Firms
(DBN)

Rishi Sunak Concerned That Support Package May Drive Up Inflation
(DBN)

UK Fared Better Than Feared in May But Recession Worries Persist
(DBN)

UK Corporate Credit on Record Losing Streak Now Faces Even More Risk
(DBN)

____________

EU:

European Gas Extends Losses Amid Easing Demand, Ample LNG Supply
(DBN)

____________

Russia:

Ukraine recovers bodies from steel-plant siege US general: Ukraine will keep getting 'significant' support Zelenskiy visits Ukrainian troops on frontline as Russia pushes them back Two Russian generals dead in one day of Donbas fighting: report 'Nuclear war is coming' Putin's mouthpiece threatens west with 'World War 3' warning In eastern Ukraine, keeping the lights on is a dangerous job Russia sends in more troops amid barrage of eastern Ukraine Zelensky Says Counter-Offensive to Recapture Severodonetsk Too Costly Russia's failure to meet major Ukraine goals is 'embarrassing': Ex-U.S. official
(DBN)

Russia's blockade of Ukraine's grain deepens food crisis in Africa U.S. Warns Starving African Nations to Not Buy Grain Stolen by Russia
(DBN)

____________

China:

Universal Beijing Resort To Reopen This Month With Capacity Restrictions Return of Dine-In Services in Beijing to Supercharge Food Demand
(DBN)

____________

Germany:

German Factory Orders Unexpectedly Plunge Amid China Lockdowns
(DBN)

____________

India:

Here's a snapshot of India's economy ahead of a monetary policy review by its central bank
(DBN)

____________

Singapore:

Pay bumps, flexi work policies: How Singapore companies are fighting the talent war
(DBN)

____________

Australia:

Australia's Natural Gas Pricing Crisis
(DBN)

Lowe Receives Message From Markets: RBA Rate Hikes Will Hurt
(DBN)

____________

Hong Kong:

Nan Hai says creditors are freezing its assets as it comes up short to meet US$350 million of notes due this weekend
(DBN)

Hong Kong to Keep Virus Curbs Amid Worry of New Wave, Lam Says
(DBN)

____________

MENA:

Afghanistan's Misery
(DBN)

____________

Japan:

Japan Is Pleading With Residents to Save Power as Crunch Looms
(DBN)

Tourists to Japan Must Pledge to Wear Masks or Risk Expulsion
(DBN)

____________

Venezuela:

Venezuela's Capitalist Playground Has $200,000 Ferraris and a Bustling Casino
(DBN)

___________


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