March 16, 2022

The Daily Bankruptcy News

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Law:

Top 20 Biglaw Firm Hands Out Even More Money To Associates
(DBN)

The Biglaw Firm That Kicked Off The 2022 Associate Raises Offers A Second Round Of Raises
(DBN)

Thought It Was A Drought? This Biglaw Firm Has Green Coming In
(DBN)

Baker McKenzie to spin out Russia arm it launched in Soviet era
(DBN)

Biglaw's Russia Holdouts
(DBN)

Big Law's Deal Boom Is Tough to Repeat With Ukraine Uncertainty
(DBN)

Top US lawyers growing skittish about working for Russian oligarchs
(DBN)

Fewer associates appear ready to move to new firms after 'great reshuffling,' recruiters say
(DBN)

Why 'Stay Interviews' Might Help Law Firms And Companies Retain Legal Talent
(DBN)

Canadian law school mistakenly informed student's family that she had died
(DBN)

Inside the 1,700-acre Murdaugh family murder farm now on sale for $3.9M
(DBN)

Tiananmen Square Dissident Turned Lawyer Murdered In His New York City Office
(DBN)

Lawyers are all about camaraderie, civility and coin tosses
(DBN)

Changes To U.S. News Law School Rankings Methodology Could Result In T14 Shake-Up
(DBN)

2022 Law School Rankings By Graduates In BigLaw Jobs
(DBN)

Modernizing Law Firms' Work Rules Enables Focus on Employee Well-Being
(DBN)

Stayed suspension recommended for Taft Stettinius partner who allegedly had sex with client
(DBN)

DOJ: Film crew was present at Jan. 5 meeting between leaders of Proud Boys, Oath Keepers • Fearing political violence in 2024, judges sentence Jan. 6 defendants to probation through the next election • Lawmakers push for pandemic probe modeled on 9/11 Commission 'to fully reckon with the lessons' • Army Vet Who Tried to Open Doors from Inside the Capitol Rotunda on Jan. 6 Sentenced to Jail, Probation • Proud Boys Leader Enrique Tarrio Kept Behind Bars Pending Jan. 6 Conspiracy Trial • 'I Do Believe He's Remorseful': Judge Sentences Army Vet Who Cited 'Restored' Faith in U.S. Government to Probation for Capitol Breach • Another Jan. 6 mystery revealed: Pence's second script rewrite • Why aren't Arizona's treasonous fake electors in jail?
(DBN)

Bannon Team And Prosecutors Kick The Crap Out Of Each Other In Dueling Motions
(DBN)

Zuckerberg Deposition Blocked by Judge in D.C. Privacy Case
(DBN)

A Christian teacher was suspended for refusing to call students by the pronouns they use. Now she is suing.
(DBN)

Woman accused of torturing, holding online date hostage for $100K
(DBN)

Migrant arrivals at Mexican border increased in February, with 55% quickly expelled
(DBN)

Victim of Racist Attack Sues 'Gay Proud Boy' Criminally Accused of Sucker Punching Her Before Dragging Her Into Street
(DBN)

Prosecutor Blasts Convicted Murderer's 'Absurd' Refusal to Face Music for Killing, Dismembering Parents
(DBN)

9/11 plotters in talks over deal to avoid death penalty trial
(DBN)

Florida's Don't Say Gay Unconstitutional
(DBN)

Judge imposes $61K penalty on Omarosa for failing to file financial disclosure
(DBN)

Now That Is Some Expensive Pot, Officer
(DBN)

Death of Black lynching victim ruled homicide a century after murder
(DBN)

FL: Gunman Gave Decades of Warnings
(DBN)

______________

Judges:

Judiciary Releases Annual Report and Judicial Business 2021
(DBN)

Judicial Conference Adopts Transparency Measures
(DBN)

Will Supreme Court nominee Jackson's Harvard ties lead to recusal in race-conscious admissions case?
(DBN)

Dozens of Supreme Court Practitioners Call on Chief Justice Roberts to Make Audio Live Streams Permanent
(DBN)

Tom Brady Ruins The Supreme Court
(DBN)

A Long, Slow Journey Toward More Judicial Transparency
(DBN)

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Wall Street:

Dow futures jump 300 points as Wall Street tries to rally for a second day, Fed decision ahead
(DBN)

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Layoffs:

ARM will reportedly lay off up to 1,000 employees after NVIDIA sale falls through
(DBN)

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Autos:

Tesla Raises Prices For Second Time In Days On Rising Costs • Tesla has quietly raised the price of its cheapest car by $10,000 over the last year • Elon Musk is sounding the inflation alarm as Tesla raises prices amid a squeeze in nickel and other key materials
(DBN)

Ukraine war throws VW outlook into question, CEO warns -Breaking
(DBN)

____________

Movie Theaters:

AMC Entertainment buys 22% stake in a Nevada gold mine to diversify away from movie theater business • AMC just bought a stake in a tiny Nevada gold miner with a shaky financial history
(DBN)

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Utilities:

Crypto Mania in Texas Risks New Costs and Strains on Shaky Grid
(DBN)

____________

Compensation:

Discovery CEO David Zaslav's 2021 Pay Package Soars to $246M Ahead of WarnerMedia Merger
(DBN)

____________

Maritime:

Another Evergreen cargo ship runs aground nearly one year after Suez Canal obstruction
(DBN)

____________

Healthcare:

State of Affairs: March 14 (Europe, Asia, U.S., and Deltacron)
(DBN)

CDC sewer data suggests bump in US COVID-19 cases
(DBN)

Medicare Watchdog Warns of $12 Billion in Excess Payments
(DBN)

Children's health issues getting worse
(DBN)

Pfizer to ask FDA to authorize second booster for adults 65 plus
(DBN)

White House Says Covid Treatments to Run Out Without New Funding • Feds say they'll ration COVID treatments amid funding standoff
(DBN)

Senate panel advances pandemic preparedness bill on bipartisan vote
(DBN)

Partisanship undermines a playbook for the next pandemic
(DBN)

Axios-Ipsos poll: Americans ditch masks, gain confidence
(DBN)

Hospitals to Lean on More Expensive Travel Nurses Even After Covid
(DBN)

18% Over Sixty Have Sign of Dementia
(DBN)

____________


Economy:

Raskin withdraws Fed vice chair nomination
(DBN)

Forecasters sees growing chance of a recession as Fed hikes rates this year to fight inflation
(DBN)

U.S. Companies and Governments Are Hesitating to Sell Bonds Now
(DBN)

Inflation Added $32 Billion to U.S. Goods Sold Online Since 2020
(DBN)

Prices of goods jumped a record 2.4 percent in February
(DBN)

U.S. Producer Prices Rise 10%, Setting Stage for Fed Rate Hike
(DBN)

Wholesale inflation climbed 0.8% in February, lower than estimate
(DBN)

Why Raskin's climate change views sank her Fed nomination
(DBN)

New York Manufacturing Unexpectedly Shrinks to Lowest Since 2020
(DBN)

Gasoline Boosts U.S. Producer Prices In February
(DBN)

Women in low-paying jobs are losing billions as U.S. gender pay gap persists
(DBN)

10 charts that show how employment, education, and business ownership have changed for women over the years
(DBN)

U.S. Gender Pay Gap Hasn't Budged for Two Straight Years
(DBN)

If Goldman Sachs Won't Do Business In Russia, Jamie Dimon Guesses He Can't, Either • Lilly to stop exporting 'non-essential' drugs to Russia • Michelin Suspends its Industrial Activity in Russia as well as its exportations to Russia • Russia's VTB closes London-based investment bank as sanctions bite • Russian c.bank halts purchases of gold from banks to meet household demand • Russians Buy Up Gold to Salvage Savings After Ruble Collapses • Credit Suisse CEO details tens of billions managed for Russian clients • Italy's UniCredit says considering exiting Russia • EU bans top credit rating agencies from rating Russia and Russian firms • Allies join G7's WTO stance towards Russia - EU trade chief • A $700 million superyacht owned by sanctioned oligarch Roman Abramovich is sailing towards his other $600 million vessel in the Mediterranean • The West should end its 'addiction' to Russian energy to stop Vladimir Putin's 'blackmail', Boris Johnson says • Russian oligarch says he's 'appalled' by British police as squatters occupy London mansion for nearly 20 hours • Russians are trying to sell McDonald's plastic cutlery, straws, and sugar sachets after the chain closed its restaurants • Senators push for U.S. to offer cash rewards in hunt for Russian oligarchs' assets • Russia Can Still Profit From Oil's Gains Even as Sanctions Bite • Caterpillar Still Ships Through Russia After Halting Production • Africa Can Wean Off Russia Wheat With $1 Billion Plan, AfDB Says • U.K. Sanctions 370 Russians Including Medvedev, Fridman, Shoigu • U.S. sanctions Belarus president Lukashenko and others • Court denies Russian appeal against UEFA ban • Russia sanctions Biden, Secretary of State Blinken • White House scoffs at Russian sanctions • Confiscating a Russian oligarch's luxury condo requires much more than political bluster • Renault's Russia Options: Bad to Ugly
(DBN)

U.S. Consumers To Spend Record $1 Trillion Online In 2022
(DBN)

Sinking outlook for global growth is causing fund managers to hoard cash at the highest level since the start of the pandemic, Bank of America says
(DBN)

The Senate just voted to abolish Standard Time and make Daylight Saving Time permanent
(DBN)

The U.S. Billionaires Profiting the Most from the Pandemic
(DBN)

Biden signs $1.5 trillion government funding bill with Ukraine aid
(DBN)

There is No Winner in the US-China Trade War
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

First-time U.S. home buyers feeling 'defeated' by soaring prices, rising rates
(DBN)

U.S. Rent Inflation Hits New High, Led by Miami With 39% Rate
(DBN)

Albany: Central Warehouse owner heads back to bankruptcy court to keep building
(DBN)

____________

Municipalities:

Puerto Rico formally out of bankruptcy
(DBN)

Puerto Rico exits bankruptcy, but work remains
(DBN)

As Plan of Adjustment becomes effective, restructured Puerto Rico debt hits market
(DBN)

____________

Oil/Gas:

Shell's board of directors sued for 'failing to properly prepare' for the energy transition
(DBN)

Drilling permits spiked then plunged under Biden
(DBN)

OPEC flags risk to oil demand outlook from Ukraine war, inflation • Ukraine War Threatens Oil Demand, OPEC Says
(DBN)

Why it's so hard to quit Russian energy
(DBN)

Gazprom Says Gas Exports Outside Ex-Soviet Union Down 28.5% Y/y So Far in 2022
(DBN)

Oil drops again, now more than 25% below recent high
(DBN)

U.S. oil 'mini-majors' emerge from shale patch deals, soaring energy prices
(DBN)

Volkswagen says high demand is helping its EVs turn a profit sooner than expected • VW Is Already Sold Out of Some Electric Models for the Year
(DBN)

Rental Car Giants Embark on EV Era
(DBN)

Oil and Gas Share Buybacks Boomed Before Energy Prices Hit Highs
(DBN)

U.S. Gas Price Reaches New Record High
(DBN)

____________

Education:

Federal judge tosses lawsuit against Douglas County school district from defunct charter group
(DBN)

Why the School Wars Still Rage
(DBN)

____________

Labor:

Canada, U.S. shippers brace for possible CP Rail strike, latest supply chain disruption
(DBN)

Workers at Exxon Mobil refinery in Texas vote to retain UAW union after lockout
(DBN)

____________

Student Debt:

What happens if Biden cancels student loans?
(DBN)

____________

Sports:

Mass brawls, attacks as soccer violence spreads in Latin America
(DBN)

____________

Politics:

Trump claims Putin invaded Ukraine to rebuild the Soviet Union, which he said was 'full of love'
(DBN)

Romney warns of 'extraordinary challenge' to preserve American democracy
(DBN)

Inflation is hitting battleground states worse
(DBN)

Elizabeth Warren's anti-crypto crusade splits the left
(DBN)

Poll: Americans split over Florida's controversial bills on gender identity and race
(DBN)

Herschel Walker Skeptical Of Evolution: 'Why Are There Still Apes? Think About It'
(DBN)

Texas Voting Restrictions Take Their Toll: "sorry — No Democrat Voting"
(DBN)

____________

 
New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (0 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)

Lender Liability:

Not So Fast: Texas Bankruptcy Court Finds Lender Liability Is Not a Thing of the Past
(DBN)

____________

Administrative Claims:

Administrative expense priority is not guaranteed for post-petition breaches by debtors
(DBN)

____________

Bankruptcy Research:

Corporate Bankruptcy Has Lasting Effects on CEO Careers through Frictions in Executive Labor Market
(DBN)

____________

PR:

Communicating Distress in the Digital Era
(DBN)

____________

Professional Compensation:

District Court Upholds Georgia Bankruptcy Court's Restrictions On Chapter 7 Trustee Attorneys' Fees
(DBN)

____________

Subchapter V:

Subchapter V Trustee Duties: Facilitation Conflicts With Other Statutory Duties
(DBN)

____________

Aviation:

Southwest Air Sees Worker Shortage Hampering Growth
(DBN)

Airlines Say Fliers Are Flocking Back, Despite Higher Ticket Prices
(WSJ)

Airlines bump ticket prices in response to high fuel costs
(DBN)

Putin signs law allowing seizure of foreign planes for domestic flights
(DBN)

Airlines raise revenue outlook as travel demand bounces back faster than expected
(DBN)

U.S. airlines trim capacity as fuel costs surge on Ukraine crisis • American Airlines Cuts First-Quarter Capacity Forecast as Oil Prices Surge
(DBN)

Delta, Virgin Atlantic CEOs say travel demand is robust
(DBN)

Aeroflot CEO No Longer On Airline Trade Group IATA's Board Of Governors
(DBN)

Startup Airline Norse Atlantic Delays Launch on Ukraine War
(DBN)

Delta Is Working With Air France-KLM on Possible Bid for Italian Airline ITA
(DBN)

Malaysia's AirAsia X completes debt restructure, to write back nearly $8 billion to profit
(DBN)

Mexico's Grupo Aeromexico shares slump after public tender offer closes
(DBN)

____________

Mass Torts:

J&J Spin-Off Company Allowed to Proceed with Bankruptcy Affecting Baby Powder Lawsuits
(DBN)

____________

Sovereigns:

Russia Is Spiraling Toward a $150 Billion Default Nightmare
(DBN)

Here's a list of Russia's upcoming debt payments
(DBN)

Russia could be about to default on its debt: Here's what you need to know
(DBN)

What Russia's looming debt default means for global economy
(DBN)

____________

UK:

Inside London's 'Red Square,' the elite address where some of Russia's most powerful oligarchs have bought multimillion-dollar homes
(DBN)

___________

EU:

EU Leaders Support Urgently Refilling Gas Storage for Next Winter
(DBN)

Runaway Inflation Flashes Recession Warning on Euro Zone's Edge
(DBN)

ECB Sees Economic Spillover Risks for Banks From Russia Turmoil
(DBN)

Europeans support Ukraine joining the EU — but not yet
(DBN)

____________

Canada:

Canadian housing starts rise 8%, beating expectations
(DBN)

Federal minimum wage rising to $15.55 per hour in April
(DBN)

____________

Russia:

Zelenskyy jokes that Russian troops are supplying arms to Ukraine because so much of their equipment has been captured or abandoned • 'Close the sky', Kyiv residents beg after new strikes • Ukrainian soldiers yell 'God save the Queen!' when firing UK-made missiles into Russian tanks, report says • Will Russians continue to support Putin's war in Ukraine? • Warehouse Bombed, Tractors Stolen as Russia Strikes Ukraine Food • Putin won't end up at The Hague - but war-crimes prosecutions of Russia still matter • Fox News cameraman Pierre Zakrzewski killed while working in Ukraine • On the ground in Ukraine, in photos: Millions flee their homes amid intensifying Russian attacks • In embattled Mariupol, glimpses of devastation and misery emerge • Ukraine's Anti-Tank Missiles Could See Russia Shift War Tactics • Russia rallies militias ahead of Ukraine urban assaults • Inside Russian leader Vladimir Putin's brutal war of annihilation on Ukraine's port cities of Mariupol and Mykolaiv • In photos: Ukraine after 20 days of Russian attacks • Zelenskyy says Ukraine 'must admit' it won't join NATO and its people must 'rely on themselves and our partners who help us' • Ukraine Will Not Join NATO • Zelenskyy's pitch to Congress puts more pressure on Biden to expand U.S. role • 'Please stop the bombing': Zelenskyy urges no-fly zone to prevent Ukraine's annihilation • How Zelenskyy learned to love Congress • EU Leaders Visit Kyiv as City is Under Attack • Two Fox Journalists Killed in Ukraine • Yovanovitch: If Putin Wins, He Moves West
(DBN)

Russian MP urges Putin to fire nuclear missile at US to 'send a message'
(DBN)

US Public Expresses Mixed Views of U.S. Response to Russia's Invasion of Ukraine
(DBN)

Putin will face NATO if a Russian soldier's 'toe cap' crosses into its territory: UK
(DBN)

War grows dangerous for journalists in Ukraine and Russia
(DBN)

More than 100,000 Brits sign up to house Ukrainian refugees • As Europe opens it doors to fleeing Ukrainians, Britain adopts a 'do-it-yourself' asylum plan
(DBN)

UN: Over 3 million refugees have fled Ukraine since Russian invasion began
(DBN)

Biden Will Travel to Europe Next Week to Meet With NATO Allies
(DBN)

Ukraine Raises $185 Million in Dollar, Hryvnia 'War Bond' Sale
(DBN)

Russian model who called Putin 'psychopath' found dead in suitcase after year missing
(DBN)

Russian TV employee who protested Ukraine war on air fined $270
(DBN)

____________

China:

China's Biggest-Ever Collapse Scares Away Dip Buyers
(DBN)

China's Goal With Putin Is to Resist U.S. Without Economic Pain
(DBN)

Rollback of Xi's Economic Campaign
(WSJ)

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