March 17, 2022

The Daily Bankruptcy News

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Law:

The Big Money Is Coming At This Biglaw Firm -- Just At A Slightly Later Date
(DBN)

It's Time For Some Cravath Cash At This Top 50 Biglaw Firm
(DBN)

Top Biglaw Firm Makes Its Second Round Of Associate Raises
(DBN)

Biglaw Behemoth Raises Salaries For All 4,000 Of Its Associates
(DBN)

Hey, Associates: How's The New Normal Treating You?
(DBN)

Big Law's Soaring Profits May Be Next Pandemic Darling to Falter
(DBN)

UK Law Firms Rethink Ageism
(DBN)

Innovative AND Biglaw?? It Is Possible
(DBN)

Legal course work for undergraduates might replace LSAT, says Law School Admission Council
(DBN)

If A Recession Hits Later This Year, Don't Try To Ride It Out In Law School
(DBN)

Attorney Friend at Center of Alex Murdaugh Scandal Is Indicted for First Time on 18 Counts • Murdaugh friend charged with aiding insurance fraud scheme
(DBN)

There's a Thorny Policy Question Underneath the Pro-Trump Media's Furor Over John Durham's Filing, Privacy Expert Says
(DBN)

In rare mistake, prosecutors seek dismissal of charges against Capitol riot defendant • RNC sues Salesforce to block Jan. 6 committee data dump
(DBN)

New book says Graham discussed 25th amendment for Trump on Jan. 6
(DBN)

The evidence is clear: it's time to prosecute Donald Trump • Is Merrick Garland finally ready to indict Donald Trump?
(DBN)

Judge Wants to Review Investigation Tactics in Steve Bannon Case • Judge orders DOJ to produce documents related to decision to prosecute Steve Bannon • Bannon And Prosecutors Each Land Some Punches In Courtroom Brawl
(DBN)

Ghislaine Maxwell's lawyers say she should get a new trial because juror was 'looking to soak up his 15 minutes of fame'
(DBN)

Hunter Biden Paid Tax Bill, but Broad Federal Investigation Continues
(DBN)

National Guard troops were dispatched to famous Texas ranches with private security as part of border mission
(DBN)

Battle Over Transgender Kids Is Deeply Personal for ACLU Lawyer
(DBN)

Man Wanted in Museum of Modern Art Double Stabbing Arrested Hours After Setting Fire to Hotel Room: Police
(DBN)

A dentist broke his patients' teeth on purpose so he could fix them. Prosecutors say he made millions.
(DBN)

California Piano Teacher Faces 111 Years in Prison After Being Found Guilty of Decades of Shocking Abuse, Including Lurid 'Metronome Game'
(DBN)

Judge Fines Omarosa for 'Flagrant' Violation of Federal Ethics Law, Says She Missed Financial Disclosure Deadline by More Than a Year
(DBN)

Jussie Smollett Walks Out Of Jail After Appeal Court Orders Release; Served Less Than A Week Of 150-Day Conviction • Appeals Court Springs Jussie Smollett from Jail Because His Appeal Will Take Longer Than His Sentence
(DBN)

Texas Man on 'A Lot of Medication' Killed Wife and Mother, Said He'd Surrender to Police 'After He Knows They Are Real': Cops
(DBN)

A Police Car Hit a Kid on Halloween 2019. The NYPD Is Quashing a Move to Punish the Officer.
(DBN)

'You're Going to Die and I'm Happy About It': Ohio Woman Charged with Threatening Two Michigan State Reps in Violent, Racist Voicemails
(DBN)

Biden administration to shield Afghans in the U.S from deportation • DHS offering temporary protection and work permits to Afghans in U.S.
(DBN)

Chris Cuomo demands $125M arbitration award from CNN • Chris Cuomo Goes After Former CNN Colleagues in $125 Million Arbitration Action, Claims Network Tried to 'Tar and Feather Him'
(DBN)

Citi's response to abortion bans: We'll pay for workers to travel
(DBN)

Missouri could make it harder to get out-of-state abortions
(DBN)

Hate crime charge for teen recorded whipping classmate
(DBN)

400 bulletproof vests donated to Ukraine stolen
(DBN)

Professional South American burglary gang is filmed emptying luxury California homes after carrying out similar raids across East Coast, Indiana and Texas before flying home
(DBN)

Feds Charge Five Accused of Spying on Dissidents for China. One Target Was Tiananmen Square Protester Now Running for Congress.
(DBN)

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Judges:

Judiciary Builds on #MeToo Response with New Recommendations
(DBN)

Judiciary Releases Workplace Conduct Working Group Report, Recommends 9 Changes to Build on Progress Made to Date
(DBN)

What is Jackson's record on reproductive rights? Anti-abortion groups oppose her Supreme Court nomination
(DBN)

Third Circuit Judge Calls Out Ketanji Brown Jackson Detractors For Their 'Hypocritcal' Arguments
(DBN)

What lies ahead for Supreme Court nominee Ketanji Brown Jackson in her confirmation process
(DBN)

The justice system is the antagonist in retired judge's legal thriller novel
(DBN)

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Wall Street:

Dow futures fall 100 points after back-to-back rallies on Wall Street
(DBN)

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Labor:

Amazon workers in 3 US warehouses staged walkouts as they seek $3 raises and 20-minute breaks, reports say
(DBN)

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Climate:

Lake Powell hits historic low, raising hydropower concerns
(DBN)

Why we still don't yet know how bad climate migration will get
(DBN)

A hotter planet will extend allergy season, researchers say. It could last nearly 2 months longer, with double the pollen.
(DBN)

____________

Politics:

From millionaires to Muslims, small subgroups of the population seem much larger to many Americans
(DBN)

Trump signals he would pick a running mate other than Pence in 2024
(DBN)

Trump pick in Georgia governor race not drawing donor flock
(DBN)

Donald Trump Jr.'s Idea For How His Dad Could Fix Russia-Ukraine Backfires
(DBN)

Trump says he was 'surprised' that Putin invaded Ukraine because he 'thought he was negotiating'
(DBN)

Fact check: Trump's misleading claims on Obama-Biden aid to Ukraine
(DBN)

Trump-endorsed candidate asked about January 6. Watch what happened next
(DBN)

Trump released a statement full of recycled false claims about NATO as Zelenskyy finished an emotional speech to Congress
(DBN)

Democratic group points to "Red State Murder Problem" in push to turn tables on crime
(DBN)

House Republicans who challenged Biden's win are losing lots of corporate cash
(DBN)

Senate candidate Herschel Walker doesn't understand how evolution works
(DBN)

'Right in the trash': Texas ballot rejections soar, AP finds • Texas Tossed 13% of All Mail in Ballots • Texas and the Risks of New Voting Restrictions
(DBN)

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Economy:

Fed poised to raise interest rates amid soaring inflation, uncertainty tied to war in Ukraine
(DBN)

Fed raises rates and plots strategy of steady further increases • The Fed raises rates 0.25%, signals more to come • What a Federal Reserve Rate Increase Means for You • Fed officials see six more rate hikes in 2022 • The Fed's first interest rate hike of the pandemic means car loans, mortgages, and credit card payments are getting pricier • The Fed needs to get a lot tougher to stop soaring inflation • Fed's aggressive rate hike plan could burn the economy as it fights inflation • Fed gets a grip on 2022, still optimistic on 2023
(DBN)

FOMC Statement: Raise Rates 25bps • FOMC Projections and Press Conference
(DBN)

Bond Traders Stunned by Hawkish Fed Are Sounding Growth Alarm
(DBN)

The Fed lowered its US economic growth forecast in the face of war and inflation
(DBN)

Will the Fed Cause a Recession? • Jerome Powell doesn't see a recession in 2022 despite the Fed cutting off its economic support
(DBN)

Import prices jump 10.9% in the past year, adding to high U.S. inflation
(DBN)

U.S. companies are rushing to suspend or curtail operations in Russia. Not Koch Industries. • Koch Industries stays in Russia, backs groups opposing U.S. sanctions • Deutsche Bank's Values Now Apparently Include Shunning Aggressive Warmongers • 'Flooded with our blood': Zelenskyy urges all American companies to leave Russia now • Putin says Russia has survived the West's 'economic blitzkrieg' of sanctions – but admits unemployment and inflation will rise • U.S. Casts a Global Net to Stop Shipments to Russia • Biden administration identifies 50 Russian elites as targets for global hunt to seize assets • Why haven't Apple and Google shut down their app stores in Russia? Because the U.S. doesn't want them to • Council of Europe expels Russia from human rights body • Zelensky urges Congress to "remember 9/11" as he pleads for more aid • Abramovich flies into Moscow as yachts are seized and caviar banned in hit to Russia's rich • Russia is testing the West's favorite weapon • A helicopter linked to a Russian oligarch's megayacht and 17 private jets have their registration struck off by low-tax haven favored by the super rich, a report says • Putin says sanctions against Russia aimed at 'worsening lives' of millions of people • Spanish authorities reportedly impound a $600 million superyacht linked to one of Putin's top allies • Blinken: 'Irreversible' withdrawal necessary to lift sanctions on Russia • Ukraine war's rising cost for daily Russian lives • The Ukraine/Russia Conflict & Related Sanctions: 7 Pressing Questions Employers Are Asking • Russia to seize IP and assets of companies leaving the country • A Russian oligarch moved $1.3 billion worth of shares to an offshore tax-haven the day he was sanctioned, filings suggest • A Russian oligarch has quit a German oil giant venture, becoming the latest to stand down after being sanctioned
(DBN)

Biden levels with the American people on Ukraine: 'I want to be honest with you, this could be a long and difficult battle'
(DBN)

Millennials and Generation X: This is why you're having such a hard time saving for retirement
(DBN)

Prepare for a recession this summer, a bear market in real estate and a drop in stock prices, warns strategist David Rosenberg
(DBN)

Supply chains just got tossed 2 curveballs: Transportation Secretary Pete Buttigieg
(DBN)

Retail Sales Increased 0.3% in February
(DBN)

The demand for flexible work 'will only accelerate' in coming years
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Home builder confidence sinks as expectations around future home sales worsen • NAHB: Builder Confidence Decreased to 79 in March
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Treasury Shifts $377 Million Among States as Pandemic Housing Aid Dries Up
(DBN)

Housing, the Fed, Interest Rates and Inflation
(DBN)

From Boomers to Zoomers, Buying a Home in Dallas Is Pretty Much Impossible for Most People
(DBN)

____________

Municipalities:

Oversight Board's Peterson: new PREPA deal will bypass local government
(DBN)

____________

Oil/Gas:

How energy company short sellers bet on oil crash as crude soared above $100 a barrel
(DBN)

Oil suffers 'spectacular' collapse, enters bear market just 5 days after settling at nearly 14-year highs
(DBN)

Oil sheds most of its Russian war premium and falls into a bear market less than a week after hitting 14-year highs
(DBN)

Texas Threatens Firms Divesting of Oil Investments
(DBN)

Oil prices hold under $100 mark as U.S. supplies rise, demand destruction concerns emerge • EIA reports U.S. crude supplies up for the first time in 3 weeks
(DBN)

Biden calls for companies to lower gas prices as oil prices dip
(DBN)

Geraldo claims oil companies are profiteering as Jeanine Pirro urges him to 'leave 'em alone!'
(DBN)

The Global Oil Market Is Based on a Fiction
(DBN)

____________

Education:

Students' grades are up but their test scores aren't, new data show
(DBN)

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Student Debt:

Sen. Patty Murray urges Biden administration to extend pause on student loan payments to 2023
(DBN)

The student-loan payment pause should be extended until 2023 to fix the 'broken' system, a top senator says: 'It is ruining lives and holding people back'
(DBN)

The Student Loan Moratorium Is Likely To Be Extended Again Because Of Politics
(DBN)

____________

Movie Theaters:

Examining AMC's 'embarrassingly stupid' investment in a literal gold mine
(DBN)

____________

Retailing:

U.S. retail sales grow at slower 0.3% pace as high inflation takes a bite out of the economy
(DBN)

____________

Healthcare:

A covid surge in western Europe has U.S. bracing for another wave • Fresh COVID wave expected to hit the US as Omicron subvariant and patchy vaccination rates drive surge in Europe
(DBN)

Something unusual seems to be happening with Covid infections in the UK and Europe
(DBN)

UK easing COVID-19 testing, monitoring despite case uptick
(DBN)

Global COVID case tally climbs in latest week, breaking streak of declines seen since end-January
(DBN)

CDC: BA.2, an omicron subvariant, now makes an estimated 23% of new cases in the U.S.
(DBN)

White House fights for COVID funding amid waning interest • The Government Is Running Out of COVID Money
(DBN)

Long covid could reveal clues to Alzheimer's, Lyme Disease
(DBN)

US drug overdose deaths reach another record high as deaths from fentanyl surge
(DBN)

Private Medicare make windfall for senior care
(DBN)

Idaho hospital locks down amid far-right call for protest
(DBN)

Senate votes to nix mask mandate for public transportation
(DBN)

Sleep experts say Senate has it wrong: Standard time, not daylight saving, should be permanent! • The year Daylight Saving Time went too far
(DBN)

Isolated and vulnerable amid the covid crisis, some of Hong Kong's elderly are taking their own lives
(DBN)

____________

 
New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Bankruptcy Filings During and After the COVID-19 Recession
(DBN)

Chapter 12 family farmer cases in Missouri: An updated look inside the numbers
(DBN)

______________

SCOTUS:

April argument calendar features UST enhanced fee dispute
(DBN)

____________

Dollar Amounts:

No Foolin': Bankruptcy Code Changes Go Into Effect On April 1
(DBN)

____________

Third Party Release:

Nonconsensual Third-Party Releases: What They Are and Why You Should Care
(DBN)

____________

Avoidance Actions:

Death by a Thousand Cuts: Cumulative Trustee-Friendly Rulings on Bankruptcy Code Claw Back Provisions Are Unfairly Burdening Subsequent Transferees
(DBN)

____________

Bankruptcy Research:

Hostile Restructurings
(DBN)

____________

Aviation:

TSA has investigated more than 3,800 mask-related incidents since mandate went into effect
(DBN)

American Express CEO says remote work shift made new segment of business travel
(DBN)

Russia: We've got hundreds of your planes. What you going to do about it?
(DBN)

Woman Who Pleaded Guilty to Beating Flight Attendant Gets Thrown Back in Jail, Blames Drunk Driving Arrest on 'Small Size of Her Stomach' After 'Gastric Bypass'
(DBN)

New Zealand will reopen to U.S. visitors after more than two years
(DBN)

Heathrow Airport drops Covid face mask rules
(DBN)

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

____________

Utilities:

Clean Energy Is Grid Reliability's Best Hope, Not Enemy
(DBN)

____________

Sovereigns:

What a Russia debt default would mean for financial markets as Ukraine invasion continues
(DBN)

Russia claims to have ordered crucial bond payment as it seeks to avoid historic debt default
(DBN)

Ball in U.S. court on Russian Eurobond payments, Finance Minister says
(DBN)

Cash-strapped Sri Lanka seeks IMF bailout
(DBN)

The Global South's Looming Debt Crisis—and How to Stop It
(DBN)

____________

UK:

U.K. Waives Red Tape, Lets Ukrainian Refugees Bring Their Pets
(DBN)

____________

Canada:

Court of Appeal Refines the Corporate Attribution Doctrine
(DBN)

____________

Russia:

Five takeaways from Zelensky's virtual address to Congress • Kyiv Mayor Vitali Klitschko Responds To Putin Claim With A Single Blunt Word • U.S. says Russian troops "killed 10 people standing in line for bread" • People in line for bread in Ukrainian city of Chernihiv killed by Russian shelling, regional official says • Russians Bomb Mariupol Theater Used to Shelter Hundreds of Civilians, Local Officials Say • Russian airstrike 'destroyed' Ukrainian theater • Reports of Survivors in Ukraine Theater • Melitopol mayor kidnapped by Russian forces freed • Russian troops take 500 hostage at Mariupol hospital, Ukraine says • Bogged-Down Russian Troops Resort to Deadly Cluster Munitions • Biden calls Putin a war criminal • Top UN court sees no evidence to support Russia's claim of Ukrainian genocide, orders halt to invasion • NATO ministers discuss boosting Ukraine - and avoiding a wider war • Ukraine's combat losses strike a painful chord with U.S. military veterans • UK says Russia is calling in reinforcements • U.N. court orders Russia to halt its invasion of Ukraine, in a largely symbolic ruling • In Ukraine's Carpathian Mountains, tens of thousands find refuge from war • Americans joining fight in Ukraine could risk prosecution under Neutrality Act • For Holocaust survivors from Ukraine, Russian invasion stirs painful memories • Ukraine sees room for compromise, as 20,000 escape Mariupol • In embattled Mariupol, glimpses of devastation and misery emerge • 'I call on you to do more' — Ukrainian President Zelensky asks U.S. Congress for extra military aid, added sanctions on Russia • Zelenskyy calls for no-fly zone over Ukraine in emotional plea to U.S. Congress • Biden administration mulls providing Ukraine Switchblade 'killer' drones • U.S. sending Switchblade drones to Ukraine in $800 million package • Ukrainians have found mystery warheads that look like darts. They' Russia's new weapon. • Biden announces $800 million in new military aid to Ukraine • Republicans try to out-hawk Biden on Ukraine aid • Russian drone 'shot down after flying into NATO airspace' • With Putin's ground forces stalled, Ukraine says Russia's positions in talks "sound more realistic" • Glimmers of hope seen at talks as Russia's onslaught goes on • Kyiv auto repair shop adapts captured Russian weapons for local forces • 35% of Americans favor military action, even if it risks nuclear conflict: Pew • Berlin train station turns into refugee town for Ukrainians • Secret CIA training program in Ukraine helped Kyiv prepare for Russian invasion • Ukraine says it's killed another Russian general, the 4th since Putin's invasion began • Defiant Putin claims Ukraine invasion 'going to plan' • Russia and Ukraine at odds over neutrality in 15-point peace plan
(DBN)

Ukraine Mounts Counteroffensive to Drive Russians Back From Kyiv, Key Cities
(WSJ)

Russia and Ukraine Close to Agreement on Neutral Status
(DBN)

Russian state TV discusses invasion plan for seizing Baltic states as NATO sends thousands of troops to eastern Europe
(DBN)

Social platforms' bans muffle Russian state media propaganda
(DBN)

Jake Sullivan holds highest-level U.S. talks with Russia since invasion
(DBN)

Madison Cawthorn dismisses Zelensky requests after arriving late to speech and calling him a thug
(DBN)

Putin Says Russia Must Undergo a 'Self-Cleansing of Society' to Purge 'Bastards and Traitors' • In a Chilling Threat, Putin Vows to Rid Russia of 'Traitors'
(DBN)

____________

China:

China's attempt to play both sides of the Ukraine crisis is starting to crack
(DBN)

China's zero covid wavers as infections spread and complaints over lockdowns surge
(DBN)

China's elevated Covid cases may not hit the economy as hard as feared
(DBN)

____________

Brazil:

Brazil hikes key interest rate ninth straight time, to 11.75%!
(DBN)

____________

Germany:

Germany's Hope for Economic Growth Collapses
(DBN)

How the Russian Invasion of Ukraine Upended Germany
(DBN)

____________

MENA:

Panic buying spreads in Middle East as Russian invasion sparks fear over food and fuel
(DBN)

____________

India:

Dow futures fall 100 points after back-to-back rallies on Wall Street
(DBN)

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