June 9, 2022

The Daily Bankruptcy News

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Law:

Stroock is in a 'precarious position' after loss of bankruptcy group; is a merger needed?
(DBN)

Former Georgetown Law scholar who tweeted 'lesser Black woman' announces new job • Why I Quit Georgetown • Constructive Cancellation: An Interview With Ilya Shapiro
(DBN)

Lawyer David Boies bills $1,950 per hour, court filing says
(DBN)

Covington law firm discloses $2,500 top hourly rate in new Ukraine contract
(DBN)

Law firm partners accused of ethics violations for 'anti-competitive' employment contracts
(DBN)

The 2022 ATL Top 50 Law School Rankings Are Here
(DBN)

Should We Be Scared Of The Upcoming Recession?
(DBN)

Lawyer Quits To Become Pet Psychic... Makes More Money
(DBN)

It Might Be Unfair For Part-Time Law Students To Compete With Full-Time Ones
(DBN)

The Hired Help Are All Convicted In Dan Markel's Murder. Let Retributive Justice For The Narcissist Adelson Family Begin • With Katherine Magbanua's Conviction In Dan Markel's Murder, Prosecutors Set Their Sights On Charlie Adelson
(DBN)

The Big Quit: Even Tenure-Line Professors Are Leaving Academe. 'Why Would I Want To Improve Faculty Morale? I Want These People To Leave.'
(DBN)

The January 6 committee's biggest task is getting people to care • Five Things to Watch for as January 6 Hearings Begin • House Jan. 6 Committee Said To Want Pence Lawyer for Hearing • Jan. 6 Capitol riot committee to reveal new details showing Trump at center • The Jan. 6 Committee's First Public Hearing Must Show 'Brains' Behind U.S. Capitol Attack's 'Muscle,' Legal Expert Says • What we know about Trump's actions as insurrection unfolded • The Jan. 6 committee's Trump targets • Georgia election officials in talks to testify to Jan. 6 committee • Top Democrats lose patience with Garland's methodical approach on Jan. 6 investigation • The Anticlimax of the Jan. 6 Hearings • 4 things to watch in the GOP's defense against the Jan. 6 hearing • Jan. 6 hearings will show Trump 'isolated in grievance and singularly responsible' for riots: former GOP lawmaker • Email from Trump lawyers shows plan to avoid litigating 2020 election certification as it could 'tank the January 6 strategy' • Senior Pence adviser to testify before Jan. 6 committee • House GOP mounts media battle in prebuttal to Jan. 6 hearing • Capitol attack's full story: Jan. 6 panel probes US risks • Cheney faces pivotal moment with Jan. 6 prime time hearing • Why Mike Pence will be a key figure at Thursday's Jan. 6 panel hearing • The Jan. 6 committee must play its unused trump cards — prison and fines • The latest House-Senate GOP split: How to respond to Jan. 6 hearings • Jan. 6 committee's members are on diverging political paths • Ohio Man Who Said 'Antifa' Was Responsible for Jan. 6 Pleads Guilty to Storming the Capitol • Google relents after Post fights censorship of YouTube interview with Jan. 6 rioter • The Jan. 6 Committee Can't Convict Trump—but It Could Help Bankrupt Him
(DBN)

Trump set to undergo questioning in July in NY civil probe • Judge Refuses to Purge Contempt Order Against Donald Trump, as New York AG Sets Deposition Date • Trump and Two of His Children Are Set to Testify July 15 in New York Asset Probe
(DBN)

Trump Coup Lawyer's Effort To Hide Coup-ing Takes Another Hit In Court • Jan. 6 Committee Awarded New Stash of 'Coup Memo' Author Files on Cusp of Debut Hearing, as Judge Amends Timeline of 'Obstruction' Plot
(DBN)

Peter Navarro Should Shut Up Now • Trump advisor Peter Navarro says he's facing 'a number of hurdles' hiring lawyers for his contempt of Congress case
(DBN)

Court orders conservative lawyer John Eastman to turn over 159 documents to Jan. 6 committee • House to get more Eastman emails on eve of first January 6 hearing, including electors discussions and other planning
(DBN)

Why the DOJ gave Trump lackey Mark Meadows a pass
(DBN)

A Supreme Court Speech Showdown Is Coming, and Nobody Knows What to Expect
(DBN)

Video shows the moment a 12-year-old boy fired a gun as he robbed a Michigan gas station
(DBN)

A 10-year-old girl was arrested after police say she fatally shot a woman arguing with her mom
(DBN)

In Uvalde, a Search for Answers: How Could This Happen? • House GOP candidate shares post claiming Buffalo, Uvalde shootings were false flag operations • Fourth grade Uvalde survivor testifies that she covered herself in another student's blood to survive shooter • 'I don't want it to happen again': Texas school shooting survivor pleads with Congress • Parents of Uvalde, Buffalo shooting victims ask Congress for tighter gun laws • Garland names team to investigate Texas school shooting • Texas Teachers Don't Want to be Armed
(DBN)

Law School Accepting Donations For Scholarship Honoring Uvalde Shooting Victim Who Wanted To Be A Lawyer
(DBN)

Arizona Man Who Allegedly Praised Uvalde and Buffalo Massacres and Threatened His Own Mass Shooting Was Turned in by Another Call of Duty Player from Texas
(DBN)

#Gunporn #pewpew: How gunmakers market firearms to young Americans
(DBN)

Harvey Weinstein charged by U.K. police with 'indecent assault' against woman
(DBN)

Johnny Depp's attorney says Amber Heard 'didn't take accountability for anything' • Savannah Guthrie reveals husband consulted for Johnny Depp before interviewing his lawyers • Depp Team Hints at Waiving Heard's Damages Amid Rumors of Her Money Woes
(DBN)

Bill Cosby's civil trial accuser says comedian molested her at 16
(DBN)

What Roe v. Wade's end could mean for LGBTQ rights • Abortion clinics are ditching emails, texts in favor of encrypted apps as Roe's expected end looms • Abortion access could soon be decided by the states. Here's what the next governors say • Six Predictions About the End of Roe, Based on Research • Abortion Poised to Be a Bigger Voting Issue Than in Past • Abortion opponents once agreed rape and incest were 'exceptions.' What changed?
(DBN)

Progressive San Francisco DA is recalled; he notes big spending by 'right-wing billionaires'
(DBN)

CA: Teen Who Hit Mom Gets 5 Months at Camp • CA: Teen Who Hit Mother Was On Probation
(DBN)

Biden: Tuesday primaries sent 'clear message' voters want tough-on-crime policies
(DBN)

10-Year-Old Florida Girl May Face Murder Charge After Allegedly Killing Woman Who Had 'Dispute' with Her Mom Over Social Media Post
(DBN)

How Big Is the Problem at the U.S. Border?
(DBN)

More families of trans teens sue to stop Texas child abuse investigations
(DBN)

Geico ordered to pay $5.2M to woman who got HPV in a car
(DBN)

______________

Judges:

Judge Jernigan Debuts Her Second Novel
(DBN)

Availability of Bankruptcy Judgeship Position in the Southern District of Florida at Miami
(DBN)

BK ED LA: New Chief Deputy Clerk Appointed
(DBN)

Man with gun, knife arrested near Justice Kavanaugh's residence • Man who sought to kill Supreme Court Justice Kavanaugh upset over abortion, Uvalde • White House condemns threat against Kavanaugh near his home • Officials charge man at Kavanaugh home with attempted murder • Nobody Saw The Brett Kavanaugh Death Threat Thing Coming? • Man Upset About Abortion Restrictions, Uvalde, and Gun Rights Wanted to Murder Justice Kavanaugh at Home, Had Tactical Gear and Weapons: Feds • Nicholas Roske found Brett Kavanaugh's address online, feds say • Republicans are pointing fingers at Chuck Schumer's 'you will pay the price' comments after the arrest of an armed man near Brett Kavanaugh's home
(DBN)

'The place sounds like it's imploding': Analysis sheds light on atmosphere at SCOTUS following draft leak on abortion
(DBN)

SCOTUS Seethes w/ Fear, Resentment on Leak
(DBN)

Is the SCOTUS Leak Investigation Legal? Maybe, But It Is Also Hypocritical and Potentially Counterproductive
(DBN)

Conservative Supreme Court justices disagree about how to read the law
(DBN)

Supreme Court has 29 opinions remaining in one-month sprint to end controversial term
(DBN)

Legal claims shed light on founder of faith group tied to Amy Coney Barrett
(DBN)

Senate Confirms Biden Court Pick Who Freed Dozens Of Innocent People From Prison
(DBN)

______________

Wall Street:

Stock futures rise slightly as Wall Street tries to recover from Wednesday's losses
(DBN)

Markets should brace for 'fire' and 'ice': Morgan Stanley executive warns of a recession and even bigger 'paradigm shift'
(DBN)

Wall Street's top cop proposes massive changes to the stock market
(DBN)

______________

Layoffs:

Welcome to the summer of robots
(DBN)

______________

Cannabis:

Cannabis Companies Lacking Bankruptcy Protections Can Explore State Options
(DBN)

____________

Labor:

Trader Joe's Workers File for Election to Create Company's First Union
(DBN)

____________

Insurance:

Another Florida insurer teeters on the brink of insolvency
(DBN)

____________

Retailing:

Target's markdown strategy signals a return to pre-COVID pricing across retail, analysts say
(DBN)

Will Bed Bath & Beyond Go Bankrupt?
(DBN)

Rising prices are pushing shoppers to dollar stores
(DBN)

____________

Hedge Funds:

Hedge Fund D1 Borrowed Billions for a Hot Bet That Now Faces Reckoning.
(DBN)

____________

Utilities:

Texas under threat of rolling blackouts amid heatwave
(DBN)

____________


Economy:

White House Struggles to Talk About the 'Problem From Hell'
(DBN)

The bad vibes economy
(DBN)

More than 8 in 10 Americans hate this economy. That's the highest number since the poll began
(DBN)

A mom was quoted $40 per can of formula. When she met with seller, the price had gone up to $100 a can
(DBN

Inflation fuels Americans' recession angst
(DBN)

The fallout from the next recession will be almost the exact opposite of the 2020 crash
(DBN)

Global economic org sees a 'sea of red arrows' for the economy, but not a recession
(DBN)

Here are changes Americans are willing to make to fix Social Security, poll says
(DBN)

Yellen says reducing tariffs on China not a 'panacea' for high inflation
(DBN)

Russia has no extra oil to sign deals with two Indian buyers - sources •Recent US sanctions on Russia • Hogan Lovells' Moscow office spun out to create new independent firm • Russia's Inflation Eases, Giving Government Economic Breathing Room • Russia Could Replicate Iran's Strategy To Skirt Oil Sanctions • EIA Warns Of Substantial Fall In Russian Oil Production • Russia is sending more oil to Asia as China and India continue to snap up cheap barrels, bolstering Moscow's revenues despite EU sanctions • A Russian oligarch's $300 million seized superyacht must sail out of Fiji waters because it's a waste of money for its government to maintain, court rules • Germany to keep more coal plants on hand in case of gas cuts • War will cost Russia 15 years of economic gains • European Gas Soars as Fire in US Compounds Russia Supply Concern • IBM and Microsoft are laying off hundreds of employees in Russia as companies continue to exit and scale down businesses in the country
(DBN)

The top 5 jobs employers are hiring for right now—and how much they pay
(DBN)

The pandemic-era bump in tipping is over—and inflation might be to blame
(DBN)

What is the gender wage gap in your metropolitan area? Find out with our pay gap calculator
(DBN)

Biden increasingly relies on DPA, drawing GOP scorn
(DBN)

'Great resignation' reaches White House with staff turnover
(DBN)

This City Has The Lowest Unemployment In America
(DBN)

This City Has the Largest Pay Gap Between Women and Men
(DBN)

IRS Dangles Telework To Lure Workers To Beleaguered Agency
(DBN)

Americans see different global threats facing the country now than in March 2020
(DBN)

Inflation Hits Lawn Care, So Americans Get Their Mowers Out
(WSJ)

War: WTO Boss Warns of Global Food Crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

This Fund Promised Market-Beating Returns. Now It Has Filed for Bankruptcy.
(DBN)

Mortgage demand falls to the lowest level in 22 years amid rising rates, slowing home sales
(DBN)

15 Cities Where Home Prices Are Way Higher Than They Should Be
(DBN)

Lumber Price Gets Chopped in Half Amid Chill in Housing Markets
(DBN)

This Is The Zip Code With the Highest Rent
(DBN)

Homebuilder Comments in May: "Builder metrics quickly deteriorating"
(DBN)

Current State of the Housing Market
(DBN)

Fannie and Freddie unveil plans to tackle the racial homeownership gap
(DBN)

New Jersey Real-Estate Firm Facing Federal Probe Files for Bankruptcy
(WSJ)

____________

Oil/Gas:

Why gas prices are near $5 a gallon and how high they'll go
(DBN)

What Is Fueling The Surge In Gasoline Prices?
(DBN)

Is $5 Gasoline The Limit For U.S. Consumers?
(DBN)

'Brutal reality': Biden official admits few options to lower gas prices
(DBN)

Now that gas prices are sky-high, an electric vehicle finally makes financial sense
(DBN)

Biden announces standards to make electric vehicle charging stations accessible
(DBN)

EU Endorses 2035 Ban on Gas Powered Cars
(DBN)

Oil prices rising to $140 would mean a recession in the next 12 months is on the table, DataTrek says
(DBN)

Cramer: The market is worried that oil's continued rise may cause a recession
(DBN)

With gas skyrocketing, an electric car probably makes financial sense
(DBN)

Oil prices could go 'parabolic', putting global economy in 'critical situation,' says Trafigura chief
(DBN)

Democrats find that oil and gas industry is 'failing' to address methane leaks
(DBN)

Oil prices have soared. Why won't Opec bring them down?
(DBN)

Explosion at Freeport LNG Terminal
(DBN)

____________

Religion:

Mexico-based megachurch leader sentenced in U.S. to 16-plus years for child sex abuse
(DBN)

____________

Corporate Governance:

Silencing the 'Noise' Behind Bad Corporate Decision Making
(DBN)

Del. Court Sustains Breach of Fiduciary Duty Claim for Board's Rejection of Demand Letter
(DBN)

____________

Agribusiness:

Ag Economy Barometer nosedives to lowest mark in 2 years
(DBN)

____________

Autos:

Used Car Prices are Rising Again
(DBN)

High prices, low inventory, a new norm for car shoppers
(DBN)

____________

Politics:

5 winners and 2 losers from Tuesday's primaries
(DBN)

Biden's Approval Rating Sinks to New Low
(DBN)

Biden's base abandoning him, youth, women, minorities, unions
(DBN)

Democrats frustrated by flat-footed White House
(DBN)

Insiders — and Hunter himself — say scandal-clad first son is Joe Biden's 'closest adviser'
(DBN)

Pentagon promises cruise missile defense lead after lawmakers threaten salary of DOD's No. 2
(DBN)

A Timeline of Failed Attempts to Address U.S. Gun Violence • House passes sweeping gun bill to raise assault rifle purchase age to 21 • Did the assault weapons ban of 1994 bring down mass shootings? Here's what the data tells us • McConnell puts imprint on Senate gun talks • McConnell: 'Way too soon' to predict GOP support for potential gun reform bill • Survivors testify at House hearing on gun violence • Uvalde Doctor's Testimony on Injuries to Children • Uvalde Child Survivor: I Covered Myself in Blood • The families of gun violence victims urged Congress to take action. But lawmakers showed no signs of agreeing. • GOP concerns remain key obstacle in congressional gun talks • CEOs call on Senate to pass gun legislation • Elizabeth Warren: Republicans aren't willing to do anything meaningful in terms of gun legislation • John Cornyn, 'linchpin' of a gun safety deal, seeks to tame GOP fears on gun rights • 7 states have raised the purchase age for semi-automatic rifles. Advocates want Congress to force the other 43 • Red states aren't following Florida's lead on gun control • Still grieving her son, Rep. Lucy McBath leans in on new gun control bill • The GOP's absurd analysis on mass shootings gives Democrats a win-win situation • Casey urges colleagues to change their thinking on gun control: 'I didn't burst into flames' • House Dems set to pass major gun safety bill that will wither in the Senate • Negotiators craft parameters of Senate gun-violence package
(DBN)

How Much Damage Have Marjorie Taylor Greene and the 'Bullies' Done to the G.O.P.?
(DBN)

San Francisco votes overwhelmingly to recall progressive DA Chesa Boudin • California voters send a stark message to Democrats on crime and homelessness • California Sends Democrats and the Nation a Message on Crime
(DBN)

DeSantis spokeswoman retroactively registers as foreign agent
(DBN)

Trouble brews in MAGA world as Marjorie Taylor Greene goes after diehard Trump ally Lindsey Graham
(DBN)

Former Child Star Ricky Schroder Has Insane 'Demon' Theory About Pride Month
(DBN)

Dwyane Wade blasts bills barring transgender athletes from women's sports
(DBN)

House Democrats pass resolution condemning 'great replacement' theory
(DBN)

Trump endorsed 16 candidates in Tuesday's primaries. Here are the winners.
(DBN)

___________

 
New Bankruptcy Opinions
(10 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 (10 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:

BK WD NY: Caseload Data For Month Ending May 2022
(DBN)

______________

Bankruptcy Reform:

ABI Applauds Senate Passage of the "Bankruptcy Threshold Adjustment and Technical Corrections Act" • Bankruptcy Legislation Update: House Passes Bill Preserving $7.5 Million Eligibility Threshold for Subchapter V; Legislation Ready for Biden's Signature • Congress Temporarily Raises Subchapter V Debt Limit. Again • Grassley-Led Bankruptcy Bill Set to Become Law
(DBN)

____________

Avoidance Actions:

How Are Courts Interpreting the New "Reasonable Due Diligence" Requirement Under § 547(b)?
(DBN)

____________

Cross-Border:

Love Hertz: Corporate Groups and Insolvency Forum Selection
(DBN)

Cross border insolvency - reconsidering the Second Core Requirement and foreign recognition?
(DBN)

____________

Professional Compensation:

What Is the Difference Between Clerical and Compensable?
(DBN)

____________

Constitution:

Justices Lob Bankruptcy Fee 'Blank Slate' Over to Lower Courts
(DBN)

____________

Mass Torts:

Sandy Hook families defamed by Alex Jones want him to pay their legal fees fighting his 'sham' bankruptcy
(DBN)

Alex Jones's Legal Meltdown
(DBN)

U.S. Gymnasts File Claims Against 'Grossly Derelict' FBI Agents Behind 'Negligent' Larry Nassar Abuse Investigation
(DBN)

____________

Discovery:

Subpoenaed Third Party Can Recover Cost of Its Attorneys' Review
(DBN)

____________

Aviation:

Kacey Musgraves accuses American Airlines employee of 'appalling' behavior
(DBN)

Paris Airport Scraps 25% of Flights, Shuts Runways Amid Strike
(DBN)

Garuda plans to tackle liabilities with US$800m of new debt
(DBN)

Cleaning Up Airline Travel Is Going to Be Really Expensive
(DBN)

____________

Climate:

The Oceans Are Getting Warmer • Sea Levels Continue to Rise
(DBN)

People living on the coast could be forced to move due to climate change, UK warns
(DBN)

Stop telling kids that climate change will destroy their world
(DBN)

Key climate proposals fail to pass European Parliament
(DBN)

Insurers need to do more to prepare for climate change, BoE says
(DBN)

____________

Fraud:

Todd And Julie Chrisley Could Face 30 Years Imprisonment For Bank Fraud, Tax Evasion
(DBN)

____________

Crypto:

Crypto's winter is here, again. How long will it last?
(DBN)

Two-thirds of crypto hedge funds will fail due to the massive sell-off that was sparked by Fed tightening, Mike Novogratz predicts
(DBN)

New York financial agency issues stablecoin rules, plus reserve requirements
(DBN)

Crypto meltdown is wake-up call for many, including Congress
(DBN)

What's the Crypto Regulation Endgame?
(DBN)

____________

Accounting:

Deloitte Exploring Splitting Auditing, Consulting Arms, Following Ernst & Young • Deloitte denies media reports on restructuring plans
(DBN)

____________

Environmental:

U.S. to ban sale of single-use plastic on public lands, national parks by 2032
(DBN)

____________

Horse Racing:

$1.5 Million Settlement On The Table From Zayat's Bankruptcy Trustee
(DBN)

____________

Student Debt:

A top Republican lawmaker says she is 'gravely concerned' Biden is unprepared to carry out his 'grandiose' student-loan forgiveness proposals
(DBN)

Voters in new poll split on reported student loan forgiveness proposal
(DBN)

____________

Healthcare:

America begins rationing COVID resources
(DBN)

Hospitals are required to post prices for common procedures. Few do.
(DBN)

The kids who have never known life without Covid-19
(DBN)

US has 'very serious' problem with Covid-19 vaccine uptake
(DBN)

New versions of omicron variant gaining ground in US
(DBN)

____________

Sovereigns:

Brothers at odds, but ruling family still holds key to Sri Lanka's future • Debt-Ridden Sri Lanka Asks China to Revise $1.5 Billion Swap Deal
(DBN)

____________

UK:

Personal liability for PAYE, and all that Hoey
(DBN)

Bankruptcy trustee could have proprietary claim over frozen assets, court rules
(DBN)

Recession? Stagflation? British Businesses Wade Through Dire Warnings.
(DBN)

Traders Bet BOE Will Join Peers in Historic Half-Point Rate Hike
(DBN)

UK economy 'will grind to a halt' and then shrink, BCC forecasts
(DBN)

Zero-growth warning for UK economy as petrol prices surge
(DBN)

____________

EU:

European Stocks Decline as Investors Await ECB Rates Decision
(DBN)

____________

MENA:

Iran Turns Off U.N. Surveillance Cameras at Nuclear Site
(DBN)

____________

Russia:

Ukraine says it destroyed an 'elite' Russian unit in eastern Ukraine after a grueling 14-hour battle • No deal yet with Russia or Turkey to unblock Black Sea, Ukraine says • U.S. Lacks a Clear Picture of Ukraine's War Strategy, Officials Say • Kremlin says sanctions must be lifted for Russian grain to reach markets • Ukrainian forces appear on the cusp of retreat in embattled eastern city • Intelligence report reveals Ukraine forces outgunned up to 40 to one by Russian forces • Zelensky: Fate of eastern Ukraine tied to fighting in Severodonetsk • Hopes for Grain Export Corridor from Ukraine
(DBN)

Sick Putin could be incapacitated within months and then toppled as leader, Western spy claims
(DBN)

A major Russian radio station was hacked and started broadcasting Ukraine's national anthem and anti-war songs
(DBN)

Russian Orthodox Church sends its second most powerful figure on lower-ranking overseas posting
(DBN)

Russian Priest Arrested for Telling Putin's Troops They're Going to Hell
(DBN)

Mapped: The Ukraine Refugee Crisis in Europe
(DBN)

____________

China:

Tesla China Production Roars Back With Output More Than Tripling
(DBN)

Virus testing the new normal as China sticks to 'zero-COVID'
(DBN)

____________

Thailand:

Thailand Ready to Scrap Last of Pandemic-Era Curbs on Tourists
(DBN)

____________

Sudan:

Sudanese farmers warn of failing harvests as hunger rises
(DBN)

____________


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