June 8, 2022

The Daily Bankruptcy News

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Law:

Cravath DC Play Shows Wall Street Titan in Policy Wonk Role
(DBN)

Why Big Law's Pay Gap Needs More Than New Pay Transparency Laws
(DBN)

Former BigLaw partner is suspended for seeking double reimbursement for wine expense
(DBN)

Suspended Biglaw Associate Pleads Guilty To New Charges In Molotov Cocktail Attack
(DBN)

Backlash follows lawyer's recorded celebratory comments about how he won his case
(DBN)

Former elections GC pleads guilty to charges stemming from wrestling with job seekers
(DBN)

Law dean known for encouraging creative thinking around diversity in legal ed dies at conference
(DBN)

Here's a list of the people who have been subpoenaed by the Jan. 6 committee Democrat on Jan. 6 hearing: 'We're going to see how much Trump was involved' Jan. 6 committee interviews head of Trump's Secret Service detail on day of Capitol attack Secret Service tried to secure a motorcade route for Trump to go to the Capitol ahead of the January 6 riot: report Trump call Jan. 6 to 'walk down to the Capitol' prompted Secret Service scramble Trump Was Likely Trying to Call Martial Law Trump Conspired to Stay in Power House Republicans preview Jan. 6 hearings response to a select group of press Trumpworld says 'the entire MAGA movement' is working together to defend the embattled former president during the January 6 committee's public hearings Trump allies in Congress refused to participate in the January 6 investigations. Now they're scrambling for a counter-punch plan ahead of the committee's hearing with few details to go by Federal Judge Doubles Down on Divergent Legal Position, Dismisses Jan. 6 Charge Upheld by at Least 10 Other D.C. Judges Majority of Proud Boys indicted for sedition were U.S. military veterans
(DBN)

House Oversight opens investigation into Trump's foreign gifts
(DBN)

SCOTUS Declines LOLsuit Appeal By St. Louis Lawyers Sanctioned For Waving Guns At Peaceful Protesters
(DBN)

'Cowards': Teacher who survived Uvalde shooting slams police response, will 'never forgive them' Praise for the Uvalde Shooter is Growing Online Uvalde and the Border Security Scam Texas politicians search for solutions after another mass shooting. Experts say we've already found them School police chief a no-show at Uvalde City Council meeting
(DBN)

Johnny Depp's lawyer who grilled Amber Heard on the witness stand just got a promotion at her law firm Johnny Depp Lawyer Vasquez Gets Promotion After $15 Million Win Why Johnny Won: An Explanation Of The Jury's Decision In Depp v. Heard
(DBN)

Louisiana ban on transgender athletes competing in girls, women's sports becomes law
(DBN)

Harvey Weinstein Sues Fiat Chrysler for $5 Million Over Fallout of 2019 Jeep Rollover Accident
(DBN)

Kansas woman pleads guilty to leading all-female ISIS batallion
(DBN)

San Francisco ousts liberal DA Chesa Boudin in heated recall
(DBN)

Now Ken Paxton is One of Elon Musk's Minions
(DBN)

How states enforce anti-abortion laws
(DBN)

'Viewpoint discrimination' case may head to Supreme Court
(DBN)

FBI seizes retired general's data related to Qatar lobbying
(DBN)

US sees heightened extremist threat heading into midterms
(DBN)

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Judges:

Five biggest Supreme Court cases to watch
(DBN)

Do Dissents Of The Past Foreshadow Dissents On The Current Court?
(DBN)

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Wall Street:

Dow futures dip following two straight days of gains on Wall Street
(DBN)

Dow climbs more than 250 points as U.S. stocks close higher, shaking off Target's profit warning
(DBN)

Short sellers raise bets against GameStop and AMC to highest level in a year as Wall Street sees more pain ahead
(DBN)

'They have shattered barriers': On Wall Street, the new biggest private equity firms are run by Black and Latino billionaires, and people of color.
(DBN)

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Layoffs:

Credit Suisse Weighs New Round of Job Cuts After Loss Warning
(DBN)

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Mass Torts:

[Texas Two-Step and the Future of Mass Tort Bankruptcy Series] Introduction to LTL Management's Bankruptcy
(DBN)

Simone Biles, others seek $1B-plus from FBI over Nassar Sexual assault survivors seek $1B from FBI over failure to investigate Nassar allegations
(DBN)

Connecticut Will Try Criminal Case Against Sacklers Over Opioid Crisis
(DBN)

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Labor:

The Lie That Helped Kill the Labor Movement
(DBN)

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Retailing:

Retailers have too much stuff
(DBN)

Facing huge inventory, Target cuts vendor orders, prices
(DBN)

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Banking:

Credit Suisse Sees Group, Investment Bank Loss in Second Quarter
(DBN)

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Religion:

Church sex abuse victims kicked off bankruptcy court panel negotiating with Archdiocese
(DBN)

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Corporate Governance:

EU Set to Adopt Gender Quota Requirement on Corporate Boards
(DBN)

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Politics:

White House braces for the death of Roe v. Wade
(DBN)

What a NY Republican abandoning his reelection says about gun reform
(DBN)

Actor Matthew McConaughey pushes for gun reform in White House briefing Matthew McConaughey recounts emotional stories from Uvalde victims
(DBN)

Son of Buffalo victim pushes Congress: 'What are you doing?'
(DBN)

What the TSA could teach Congress about gun control
(DBN)

Cornyn says gun reform negotiations prompted a lot of 'chin stroking' in GOP
(DBN)

Son of Buffalo shooting victim tells lawmakers gunman 'did not act alone'
(DBN)

Joe Manchin missed a furious call from Biden after sinking his $2 trillion spending bill on live TV and turning his phone off: report
(DBN)

Democrats' position on crime tested in California recall Why some voters are trying to recall San Francisco's progressive DA
(DBN)

Political earthquake in California has the left on the run
(DBN)

California US House races could tip power in Congress
(DBN)

Enough with Trumpism: Mass. Dems rally to Healey in governor's race
(DBN)

'Better than President Trump': DeSantis' clout swells in the West
(DBN)

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Private Equity:

How Private Equity Looted America
(DBN)

____________

Healthcare:

A Peaceful Resolution of Cases Concerning Arbitration, Medicaid, and Bankruptcy—All Involving Textual Analysis: SCOTUS Today
(DBN)

____________


Economy:

Yellen faces grilling in Congress over 'wrong' inflation forecast
(DBN)

The Fed may be forced to trigger a recession with inflation running close to its historic peak, according to economists including ex-Treasury Secretary Larry Summers
(DBN)

Fed GDP tracker shows the economy could be on the brink of a recession
(DBN)

World Bank slashes global growth forecast and warns of 1970s-style stagflation Global Growth Will Be Choked Amid Inflation and War, Says World Bank
(DBN)

No, you're not imagining it — package sizes are shrinking
(DBN)

'Big Short' investor Michael Burry warns the US economy is on borrowed time — and says consumers will blow through their savings in a matter of months
(DBN)

U.S. consumer credit rockets to new record-high in April
(DBN)

U.S. faces 'unacceptable levels of inflation,' Yellen tells senators
(DBN)

Americans have not felt this gloomy about their finances since the Great Recession: 'I walk every day just to get out of my head and try to stay healthy. Otherwise, it's just nonstop worrying'
(DBN)

Yellen: 'Virtually impossible for us to insulate ourselves' from soaring gas prices
(DBN)

Yellen won't blame corporate greed for fueling high inflation
(DBN)

Why meat is so expensive right now
(DBN)

US unemployment insurance system at 'high risk' for waste, fraud: GAO
(DBN)

Confiscating Russian Assets (Now?) Why the fertilizer market could be Russia's hidden leverage Russian oil and gas: headed for long-term decline? Yellen: U.S. working with allies to curb Russia's oil revenue Russia says it'll have 'significantly' more profits from energy exports this year as prices jump on policies from the West The EU's 3 biggest shipping countries have doubled Russian oil shipments since the invasion of Ukraine, and it's undermining attempts to hurt Putin European shipping firms 'making a mockery' of Russia sanctions as oil cargoes double Germany doesn't want to be 'too successful' at replacing Russian natural gas because it wants to move away from the fuel in the long run, economy minister said $325 million yacht seized from Russian oligarch Kerimov sails to U.S. The Treasury is blocking US investors from buying all Russian debt and stocks as sanctions against Moscow continue to pile up City of London Asset Hunters Work to Expand Russian Sanctions Russians Flock to EU Court in Long-Shot Bids to Topple Sanctions Russia Is in Topsy-Turvy World Where Belarus Tops German Exports Griner's fate tangled up with other American held in Russia
(DBN)

Shock of War Threatens Lasting Consequences on Global Economy
(DBN)

Trade Deficit decreased to $87.1 Billion in April
(DBN)

U.S. IRS 'under siege', Yellen says, needs $80 billion to beef up tax work
(DBN)

'I'm very outspoken about my desire to never work in an office again': CEOs and employees are locked in a battle of wills over when they return to the office
(DBN)

Insolvency Report Reveals Near-Term Supply Chain Challenges
(DBN)

Central Banks to Increase Gold Holdings Over Crisis Concerns
(DBN)

China's Exports to the US Jump
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

1st Look at Local Housing Markets in May, Inventory up Sharply
(DBN)

Almost 80% believe it's a bad time to buy property
(DBN)

Renters, beware. These cities are facing some of the highest rent increases in America: 'I think you'll see more renters take on roommates'
(DBN)

Commercial Property Sales Slow as Rising Interest Rates Sink Deals
(WSJ)

Shift to Flexible Work Gives Boost to London Landlord Workspace
(DBN)

London Workers Don't Hate the Office, But They Love Being at Home More
(DBN)

Texas Evictions Picking Up
(DBN)

Kastle Says 43% Office Occupancy "New Normal" Nationwide
(DBN)

____________

Municipalities:

U.S. lawmakers push for binding vote on Puerto Rican statehood
(DBN)

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Oil/Gas:

Gas prices surge again to record high but the driver is refineries, not oil prices
(DBN)

Billionaire oil refiner warns Biden to 'open up the spigots' or things 'will get worse'
(DBN)

The Biggest Reshuffle Of Oil Flows Since The 1970s
(DBN)

Upward Pressure On Oil Prices Is Only Going To Increase
(DBN)

Oil Majors Are Lining Up For The Next Great South American Oil Boom
(DBN)

Goldman: Oil could hit $140 a barrel this summer Goldman Sachs says oil will roar higher - and consumers will feel like crude is at $160 a barrel due to surging gas prices
(DBN)

Trafigura warns oil prices could reach 'parabolic state' in threat to global growth
(DBN)

IEA: Boost Energy Efficiency Now World
(DBN)

____________

Education:

How much does college really cost? It may be much less than you think
(DBN)

____________

Fraud:

US unemployment insurance system at 'high risk' for waste, fraud: GAO
(DBN)

Federal jury finds Todd and Julie Chrisley guilty of fraud
(DBN)

$15 Million Escrow Account Enough To Make $410 Million Fraud Allegations Go Away
(DBN)

Ex-U.S. Congressman Known for Role in Abscam Corruption Scandal Pleads Guilty to Ballot-Stuffing in Five Years of Elections
(DBN)

____________

Autos:

Used Vehicle Wholesale Prices Increased Slightly in May
(DBN)

Ford's Electric F-150 Comes Equipped With Adapter to Rescue Teslas
(DBN)

Automakers Back Restoring Calif. Authority
(DBN)

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

____________

History:

Inside the secret network of women who performed abortions before Roe
(DBN)

____________

Pharma:

Prices for New Drugs are Skyrocketing
(DBN)

____________

Climate:

America is staring down a summer of disasters
(DBN)

Heat waves could soon have names
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (145 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)

Constitution:

Bankruptcy: Authority For A Federal Agency's Constitutional Law? (Jarkesy v. SEC)
(DBN)

____________

Small Business:

House Restores Higher Debt Limit for Small Business Bankruptcies
(DBN)

____________

Aviation:

Flights get canceled as airlines face pilot shortages
(DBN)

Bruised by sanctions, Russia's Aeroflot plans $3 billion cash injection
(DBN)

Qantas Is So Stretched It Needs Office Staff to Work as Ground Crew
(DBN)

Garuda Indonesia Administrators Recognize $8.3 Billion of Claims
(DBN)

Airline SAS hits record low as Sweden halts handouts Denmark expects to make decision on SAS restructuring by mid-June
(DBN)

____________

Student Debt:

Here's who qualifies for the $25B in student loan forgiveness already approved
(DBN)

A federal judge just denied a student-loan borrower's request to postpone her $95,000 debt cancellation hearing as she undergoes cancer treatment
(DBN)

Biden is reportedly delaying his broad student-loan forgiveness announcement until late summer — closer to when debt payments are set to resume
(DBN)

Major union leaders call on Biden to enact 'robust' student-loan forgiveness for everyone, no matter how much they make Unions lobby Biden for bolder approach to student debt relief
(DBN)

Biden's top student-loan official details how he plans to fix 'confusing' and 'inconsistent' debt repayment plans that have pushed millions into default
(DBN)

Biden's Education Secretary says the student-loan payment pause 'could be' extended, and borrowers will have 'ample notice' before it happens
(DBN)

A vulnerable Senate Democrat pilloried Biden's $10,000 student-loan forgiveness plan — unless it's paired with bigger reforms
(DBN)

Another view of the student loan debt crisis
(DBN)

'I'd love to be married now. I would love to be a dad by now. I'd love to have a home by now': The winners and losers in Biden's plan to cancel $10,000 in student-loan debt
(DBN)

____________

Pharma:

Warnock presses Schumer to hold vote on bill to lower insulin costs
(DBN)

____________

Crypto:

Bitcoin briefly dips below $30,000 as crypto selling resumes
(DBN)

____________

Sovereigns:

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

Sri Lanka needs $5bn in 6 months, help from China for essentials: PM Restructuring Guru Buchheit Warns Sri Lanka on Holdout Creditors
(DBN)

____________

UK:

A storm of bankruptcies is on the horizon, experts warn
(DBN)

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

Katie Price dodges jail again as bankruptcy court hearing postponed at 11th hour
(DBN)

High Gas Prices Force UK Fertilizer Plant to Close for Good
(DBN)

Cut Taxes Before Economy Grinds to a Halt, OECD Warns UK
(DBN)

Ireland Accuses Johnson of Acting in 'Bad Faith' on Brexit Deal
(DBN)

____________

EU:

Even the ECB's Most Dire Forecast May Have Been Too Optimistic
(DBN)

Euro-Area Inflation Is Set to Peak in Third Quarter
(DBN)

Swedish Support for EU Membership Rises to Record in Poll
(DBN)

____________

Russia:

Ukraine's Zelenskiy says UK providing Kyiv with 'exactly' the right weapons UK ignores Putin's threats and will send 'cutting edge' guided rocket systems to Ukraine that can hit targets nearly 50 miles away Russia says it will push Ukrainian forces back to defend against longer-range weapons Biden declassified intel about Russia's Ukraine invasion because allies didn't think it would actually happen, US spy chief says Putin orders $81,500 payment to families of National Guards who die in Ukraine Russia punishes officers after conscripts were sent to Ukraine, prosecutor says Fighting rages in fierce battle for Ukraine's east Russia says two Ukrainian ports ready to ship grain but Kyiv must demine coast Ukraine Plays Down Grains Corridor Hope, Warns of 'Catastrophe' Russia claims advances in Ukraine amid fierce fighting Tapped Calls Catch Russian Troops Plotting Fake Marriages to Ditch War
(DBN)

Russia's former president, a Putin ally, says he'll 'do anything' to make Moscow's enemies 'disappear'
(DBN)

Russia puts journalist on 'wanted' list after he exposed Putin's purges of spy agency blamed for failings in Ukraine
(DBN)

As one of Vladimir Putin's closest advisers on Ukraine, Nicolai Patrushev spreads disinformation and outlandish conspiracy theories
(DBN)

Russia warns U.S. media in Moscow they risk losing their accreditation
(DBN)

Russia pressured Moscow Chief Rabbi to publicly support Ukraine war — He refused
(DBN)

____________

Japan:

Japan Adopts View That Huge Government Debt Doesn't Matter
(WSJ

____________

China:

Marxism Makes a Comeback in China's Crackdown on 'Disorderly Capital'
(DBN)

China's Top Influencer Is Canceled Over a Piece of Cake
(DBN)

____________

Somalia:

'Only God can help': Hundreds die as Somalia faces famine
(DBN)

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MENA:

The Taliban Take Aim at Buddhist Heritage
(DBN)

____________

India:

Default in payment under settlement agreement does not come under definition of operational debt: NCLT
(DBN)

Shaken & stirred: Bond yields rise at fastest pace since 2008
(DBN)

____________

Uganda:

The High Court Of Uganda Emphasizes The Rights Of Secured Creditors In Insolvency Proceedings
(DBN)

____________

Mexico:

Credito Real Prepares Bankruptcy Filing After Bond Default
(DBN)

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