March 25, 2022

The Daily Bankruptcy News

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Law:

Top Biglaw Firm Announces Raises And Special Bonuses For Associates
(DBN)

Top 50 Biglaw Firm Delights Associates With Big Ol' Raises
(DBN)

Biglaw Firm Matches Cravath Compensation For Associates Who Are 'On Scale'
(DBN)

Firm urged staff to keep quiet on Ukraine
(DBN)

What Will The Post-Pandemic Wardrobe Look Like For Lawyers?
(DBN)

Trouble Disconnecting? Put Down Your Phone After Hours
(DBN)

Student Interest In Law School Has Ballooned During The Pandemic
(DBN)

Free Speech At Yale Law School — One Progressive's Perspective
(DBN)

Law School As A 'Panopticon'; Yale's Kate Stith: 'Law Schools Are In Crisis'
(DBN)

Mob Rule And Cancel Culture At Hastings Law School
(DBN)

Men dominate Slaughter and May partner promotions in first year after publication of diversity targets
(DBN)

'FIGHT BACK': Jan. 6 panel's court battle with RNC heats up over fundraising emails GOP Fundraising Emails May Have Helped Fuel Jan. 6 Capitol Riot, House Says Virginia Thomas urged White House chief to pursue unrelenting efforts to overturn the 2020 election, texts show January 6 committee has text messages between Ginni Thomas and Mark Meadows Federal Judge Says Split Sentences Are Allowed, But Doesn't Send Man Who Believed Jan. 6 Was a Government 'Psyop' to Jail Arkansas Man Who Told Feds He Urinated on a Capitol Column on Jan. 6 Pleads Guilty to Misdemeanor
(DBN)

Judges scrutinize demand for Trump tax returns
(DBN)

Turns Out Those Trump Prosecutor Resignations Were Exactly As Bad As They Looked
(DBN)

White House condemns 'devastating' Idaho law banning abortion at six weeks of pregnancy White House vows to block abortion bans as Idaho signs 6-week ban into law
(DBN)

How Big U.S. Companies Are Creating a Brand New Abortion Benefit
(DBN)

GOP pressures DHS over Title 42 withdrawal
(DBN)

Alex Jones's Lawyers And The Terrible, Horrible, No Good, Very Bad Day Infowars host Alex Jones fails to appear for Sandy Hook deposition Alex Jones said he was too sick for a deposition - then taped his show Alex Jones Could Face Arrest After Defying Court Order—Again
(DBN)

Donald Trump sues Hillary Clinton and allies over Russia claims Trump Files Massive Lawsuit Against Hillary Clinton, Putting His Theories of an 'Unthinkable' Racketeering 'Plot' Against Him to the Test Trump sues Hillary Clinton, others over 2016 election he won
(DBN)

Supreme Court backs Texas inmate in execution prayer case Supreme Court Backs Broad Role for Pastor in Execution Chamber
(DBN)

Kentucky clerk who denied marriage licenses to same-sex couples can't avoid liability for civil rights violations, judge rules
(DBN)

Muslim Americans sue DHS over "unconstitutional" religious questioning
(DBN)

Administration moves to overhaul asylum system at the southern border U.S. asylum officers will have larger role in border screenings under new Biden policy
(DBN)

Biden faces influx of migrants at southern border amid calls to lift pandemic restrictions that aided expulsions
(DBN)

Lawsuit: Georgia voters argue Greene should be "disqualified" from office
(DBN)

Witness: Whitmer kidnapping aimed at stopping Biden win Michigan Gov. Gretchen Whitmer kidnapping aimed at stopping Biden win and being "ignition" for U.S. civil war, witness says
(DBN)

Accused School Shooter Ethan Crumbley Might Earn 'High School Equivalency Diploma or a GED' While Behind Bars, Court Hearing Reveals
(DBN)

Supreme Court weighs in on 'cancel culture' with community college case
(DBN)

Google Rebukes DOJ Claim It Hid Documents by CC'ing Lawyers
(DBN)

Miami Beach banning alcohol sales after 6 PM amid more violence
(DBN)

Metro Areas Where the Burglary Rate is Soaring
(DBN)

Workers say crime-ridden NYC not worth the hassle anymore
(DBN)

______________

Judges:

What we actually learned from Ketanji Brown Jackson's confirmation hearing WaPo: Senate GOP has treated Jackson 'worse' than Democrats treated Kavanaugh
(DBN)

Dems plow toward Supreme Court vote after testy hearing Jackson's hearings are ending. Meet the 9 potential Senate swing votes Jackson faces growing GOP opposition on Supreme Court GOP shoots down Supreme Court boycott McConnell to vote against Jackson's Supreme Court nomination
(DBN)

Ketanji Brown Jackson: A Future SCOTUS Justice With Musical Theatre Chops
(DBN)

Gallup Poll: 58% of Americans support Judge Ketanji Brown Jackson's SCOTUS nomination
(DBN)

'You are worthy': Sen. Booker draws tears at Jackson hearing
(DBN)

AP FACT CHECK: Senators misrepresent Jackson on abortion
(DBN)

The Supreme Court Is Turning Into One Big D.C. Prep School
(DBN)

Judge Ketanji Brown Jackson may have set a new standard for future nominees
(DBN)

Alabama Attorney General, a Witness Against Ketanji Brown Jackson, Refuses to Say President Biden Was 'Duly Elected'
(DBN)

Teen sentenced to 3 months by SCOTUS nominee Jackson felt 'confusion and shock' from images, his lawyer says
(DBN)

Jackson showed no signs of bias in criminal cases, ABA evaluators tell senators; uniform high praise compelled top rating Jackson Gets ABA Backup as Panel Rebuts Soft-on-Crime Claims
(DBN)

Sidewalk abortion counselor, childhood friend among those weighing in on Jackson's SCOTUS nomination
(DBN)

They Do Anything For Clout: Unknown Texas Senator Found Starved Of Attention Post-Confirmation
(DBN)

These Trump judges failed Hawley's sentencing test for Jackson
(DBN)

Chairman was 'saddened' by unfair attacks by some GOP senators during Jackson's hearing
(DBN)

Alan Dershowitz said Ted Cruz's line of questioning during Ketanji Brown Jackson's SCOTUS hearing was 'absurd' Ted Cruz's Daughters Attend a Private School That Is 'Antiracist'
(DBN)

Turns Out Judges Can't Do Whatever They Want, And Certainly Can't Grope Employees
(DBN)

Town Fines 80-Year-Olds $30K, Federal Judge Is NOT Pleased
(DBN)

Ginni Thomas Pressed Trump's Chief of Staff to Overturn 2020 Vote, Texts Show Texts Show Ginni Thomas, Wife of Justice Clarence Thomas, Embracing Bizarre Legal Theories After 2020 Election — Including Military Tribunals for 'Ballot Fraud Co-Conspirators' Ginni Thomas is Nuts. Read the Emails
(DBN)

SCOTUS Silent on Thomas' Hospitalization
(DBN)

Judge scolded for hearing case while driving car
(DBN)

First Latina justice confirmed to California Supreme Court
(DBN)

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Wall Street:

Stock futures rise as S&P 500 looks for second straight positive week
(DBN)

Dow rallies 300 points, Nasdaq gains 1.9% as chip stocks lead market rebound
(DBN)

Barclays slashes its S&P 500 forecast and says the benchmark index has 'limited upside' as consumer spending binge cools and earnings growth slows
(DBN)

Russia stocks jump as trade resumes after month-long break Russian stock market, crushed by war, opens with big limits Russian Tycoons Get $8.3 Billion Richer as Trading Resumes
(DBN)

The minimum wage would be $61.75 an hour if it rose at the same pace as Wall Street bonuses
(DBN)

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Layoffs:

Britain's P&O Ferries broke the law in laying off 800 staff, boss admits
(DBN)

Dometic Corporation to lay off 159 workers at Elkhart plant
(DBN)

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Bankruptcy Crimes:

Florida woman sentenced for bankruptcy fraud involving WV hotels
(DBN)

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Autos:

Car dealers are charging buyers more because that's capitalism, baby
(DBN)

Used Car Prices are Still Insane
(DBN)

Past-due subprime auto loans climb to highest rate since April 2020, a potential sign of trouble
(DBN)

____________

Tax:

Billionaire Decries IRS Seizing Wife's Bank Account in Lien Case
(DBN)

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Student Debt:

Former education secretary calls for complete student loan forgiveness
(DBN)

____________

Healthcare:

The BA.2 Omicron subvariant is now dominant in northeastern US states, per CDC data. Some experts warn of an impending new wave.
(DBN)

Small lab that got $187 million for covid testing put patients in 'jeopardy'
(DBN)

Rich countries getting new COVID vaccine before poorer ones
(DBN)

Moderna Sees 1-in-5 Odds of Dangerous Future Covid Variant
(DBN)

____________


Economy:

Weekly Initial Unemployment Claims Decrease to 187,000; Lowest Since 1969
(DBN)

There are just 60 unemployed workers for every 100 job openings
(DBN)

World Economy Set to Slow on War's 'Strong Headwinds,' UN Says
(DBN)

Biden Says to Expect 'Real' Food Shortages Due to Ukraine War
(DBN)

Is America's Economy Entering a New Normal?
(DBN)

Fed's Evans backs 'timely' rate hikes, but says careful touch needed Fed's Evans sees six more 25 basis point interest rate hikes this year Fed's Kashkari wants rate hikes, but warns of overdoing it
(DBN)

Fed's Daly Talks Inflation, Diversity and Women Returning to the Workforce
(DBN)

US states seek to ease inflation burden with direct payments
(DBN)

Americans face triple whammy as rent, gas and electric bills surge Inflation is just crushing U.S. renters
(DBN)

Fed's Waller Says Inflation Measures Risk Understating Housing Costs
(DBN)

U.S. economy revs up as businesses hire more workers — but inflation still a big worry
(DBN)

The chance of a recession is going up 'by the day' and a soft landing by the Fed is unlikely, says Wells Fargo's head of macro strategy
(DBN)

BlackRock's Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization
(DBN)

The future of the world economy is deglobalization
(DBN)

U.S. business investment falls for the first time in a year. A slowing economy? US Orders For Durable Goods Drop By 2.2%, Ending Four Months Of Expansion
(DBN)

U.S. business activity rises to eight-month high in March - survey
(DBN)

U.S. to sanction over 300 Russian elites and block Russian central bank gold Panicked Russians Don't Buy Official Advice That Economy Is Fine Severstal Is First Russian Firm to Run Out of Time to Pay Coupon Boris Johnson says Putin has crossed red line into barbarism as UK ups sanctions US announces sanctions on Russian lawmakers, defense companies President says sanctions were not meant to deter Russia's invasion, but using them as punishment will work Energy Consumers Pledge 'Radical' Cutbacks in Russian Imports U.S. Targets Russia's Giant Stash of Gold in Newest Sanctions Moscow insiders describe panic, frustration, and shame as Russia gets cut off from the global economy Zelenskyy reportedly asked Biden to drop plans to sanction a Russian oligarch who took part in peace talks A top IPO banker in Moscow fears it will be decades before he sees another listing: 'We're in a new world' The White House slams the reopening of the Moscow Stock exchange as a 'charade', with Russia banning foreigners from selling Maria Butina, the convicted Russian spy who tried to infiltrate the NRA, was targeted in the latest round of US sanctions New U.S. sanctions on Russia target 48 defense companies, 328 lawmakers, gold reserves Inside Putin's $700 Million Yacht With 'Countless Swimming Pools,' Theater And Helipads Russian stocks jump as much as 12% in Moscow after a monthlong trading halt, backed up by $10 billion of government cash Rand Paul throws fresh wrench in Senate's push for quick Russia trade sanctions Abramovich has two multibillion-dollar superyachts evading sanctions — for now UK sanctions daughter of Russia's foreign minister, who somehow bought a $5 million apartment in London in cash aged 21 Britain Calls Out Russia's Top Diplomat for Secret Family Marlboro maker Philip Morris working on options to exit Russia market Philip Morris to Exit Russia After Outcry Over Ukraine Invasion Renault's $2.4 Billion Worth of Russian Assets Prove Too Toxic Russia says it will decide on future use of Moscow's Renault plant next week Stellantis Keeps Russia Van Plant Running as Renault Shuts Multinationals find quickly exiting Russia isn't so easy U.S. lawmaker Waters presses financial trade groups for details on Russia exits Deutsche Bank Stops Taking On New Wealthy Russians Living Abroad Switzerland Says $6 Billion in Sanctioned Russian Assets Found
(DBN)

Biden: Russia should be removed from G-20 Biden Ready to Expel Russia from G20
(DBN)

5 misconceptions about remote work, debunked
(DBN)

U.S. current account deficit hits record $821.6 billion in 2021
(DBN)

Pandemic relief money spent on hotel, ballpark, ski slopes
(DBN)

NYC irate over mayor decision to lift vax mandate for 'famous people'
(DBN)

Where Living Comes Cheapest
(DBN)

3 out of 4 US counties had more deaths than births in past year
(DBN)

Over Half of US Waters Too Polluted to Fish
(DBN)

Financial Issues Top the List of Reasons U.S. Adults Live in Multigenerational Homes
(DBN)

Grave new world: global business risks in 2022
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Average Rent in US Now 32% of Pay
(DBN)

Black Knight: National Mortgage Delinquency Rate Increased in February
(DBN)

MBA: Median Mortgage Application Payment Up 8.3% from January
(DBN)

Key facts about housing affordability in the U.S.
(DBN)

Mortgage rates continue their ascent U.S. Mortgage Rates Surge to 4.42%, Highest Since January 2019
(DBN)

New Home Sales and Cancellations
(DBN)

U.S. housing costs should play role in guiding Fed policy, Waller says
(DBN)

As mortgage rates keep climbing, homes are more expensive for renters and buyers
(DBN)

The red-hot housing market is making it hard for even Fed governors to buy a house Fed Reserve official doesn't think housing market is headed for a crash: 'I am trying to buy a house here in Washington and the market is crazy'
(DBN)

Black Mortgage Applicants Do About As Well As Black Job Applicants At Wells Fargo
(DBN)

____________

Municipalities:

In 1st full year of pandemic, biggest metros lost residents
(DBN)

Manhattan and San Francisco Lead Nation in Population Decline
(DBN)

____________

Oil/Gas:

Oil executives: Wall Street is holding us back
(DBN)

Oil companies say they can't help lower prices. They're wrong.
(DBN)

U.S. Oil Production Recovery Speeds Up
(DBN)

The war in Ukraine amplifies calls for a green transition away from Russian fossil fuels
(DBN)

Invasion reignites debate over the future of energy
(DBN)

Biden Administration Drafting Order to Invoke Defense Production Act for Green Energy Storage Technology
(DBN)

Russia says it will demand payment in rubles for its natural gas from 'hostile countries.' 6 experts break down how that might work.
(DBN)

Oil could double to $250 this year because Russia's supply to Europe will plunge, top traders warn
(DBN)

Biden sends mixed signals to oil industry
(DBN)

A 'Marshall Plan' for energy? Here's what that would look like, as a new cold war dawns.
(DBN)

Billionaire Koch Brothers Are Betting Big On An Electric Future
(DBN)

Oil Will Still Dominate Market in 2050
(DBN)

____________

Ride Hailing:

Uber makes peace with New York City taxis
(DBN)

____________

Education:

Ohio Valley University property, other assets placed in receivership
(DBN)

____________

History:

The religious history of Caesarean surgery and what it means for the abortion battle
(DBN)

____________

Electricity:

Oaktree-Backed Power Plant Goes Bankrupt After Construction Spat
(DBN)

____________

Fraud:

$300M Ponzi scheme spurs FBI raid, wild shootout in Las Vegas: feds
(DBN)

____________

Hotels:

Blue Moon Hotel fades into bankruptcy
(DBN)

____________

Crypto:

Fink says Russia-Ukraine war could accelerate use of cryptocurrencies
(DBN)

____________

Climate:

Goldman Sachs pushes directors for more climate data
(DBN)

Total Vows to Slash Methane as Investors Demand Big Oil Do More
(DBN)

____________

Cannabis:

Marijuana legalization bill nears House floor vote next week
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 4% Compared to Same Week in 2019
(DBN)

____________

 


New Bankruptcy Opinions
(4 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 (12 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)

Intercreditor:

Intercreditor Agreements in Bankruptcy: How Intercreditor Agreements shape the proceedings and outcomes for secured creditors
(DBN)

____________

DIP Finance:

Second Circuit Says: SBA Can Deny PPP Funds To Bankruptcy Debtors (Springfield v. SBA)
(DBN)

____________

Sovereign Immunity:

SCOTUS will consider war powers in case of ailing veteran claiming employment discrimination, bankruptcy angle
(DBN)

____________

Corporate Governance:

Does a Declaration of Independence Suffice? A New Study Raises Significant Questions About "Independent Directors" of Large Distressed Companies
(DBN)

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Litigation:

Tracking The Evolution Of Litigation Finance
(DBN)

____________

Aviation:

International airlines are dropping mask mandates. Are U.S. carriers next?
(DBN)

U.S. luggage sales more than double year-over-year
(DBN)

China Crash Mystery Deepens As Evidence Suggests Mid-Air Breakup
(DBN)

____________

Celebs:

Becker's tennis trophies 'auctioned off to pay debts', court told
(DBN)

Teresa's Fiancé Luis Ruelas Files for Bankruptcy Amid $113K Lawsuit
(DBN)

____________

Agribusiness:

Russia's Invasion Unleashes 'Perfect Storm' in Global Agriculture
(DBN)

Prices of fertilizer — the backbone of the global food supply — hit record highs as Western sanctions on Russia stall the world's biggest exporter
(DBN)

Russia's Ukraine war boosts food U.S. prices, vexing farmers about planting more
(DBN)

The Link Between Soaring Food Prices and Political Instability
(DBN)

____________

Politics:

Nearly two-thirds disapprove of Biden's handling of economy: poll
(DBN)

White House avoids Trump attacks on Russia-Ukraine
(DBN)

Biden has sharp response to reporter: 'You're playing a game with me'
(DBN)

What isn't in the Constitution: A guide for tweeting senators
(DBN)

Rep. Fortenberry Found Guilty of Lying to FBI About Illegal Campaign Donations
(DBN)

In America's No. 1 Inflation Hotspot, Democrats Face Restive Voters
(WSJ)

How Trump threw Mo Brooks under the bus
(DBN)

Biden asks Herschel Walker and Mehmet Oz to quit council or be ousted
(DBN)

Biden says he'd be 'very fortunate' to face Trump in 2024 presidential election
(DBN)

Why Trump Is Losing His Grip on the GOP
(DBN)

Painful midterms loom for Democrats as economic risks pile up
(DBN)

In emergency order, SCOTUS sides with Wisconsin GOP lawmakers over voting map in redistricting case
(DBN)

Ted Cruz caught checking Twitter mentions after yelling at SCOTUS hearing
(DBN)

Rep. Marjorie Taylor Greene slams Ukraine's President Zelenskyy and government as 'corrupt' Group hopes to use Constitution's ban on 'insurrectionists' to disqualify Marjorie Taylor Greene from reelection
(DBN)

Wife of Mark Meadows appears to have used invalid address on North Carolina voter forms
(DBN)

Vetoes show lack of GOP lockstep on transgender sports bans GOP lawmakers push historic wave of bills targeting rights of LGBTQ teens, children and their families
(DBN)

Entrepreneurs far from USA inflaming political division on Facebook
(DBN)

Arizona lawmakers vote to restrict trans athletes, surgeries
(DBN)

____________

Food/Beverage:

The Parent Company of These Steakhouses Just Filed For Bankruptcy
(DBN)

____________

Sovereigns:

Ukraine fallout adding to developing countries' debt pressures, UNCTAD says
(DBN)

Russia will likely default with April 4 payment due of $2.2B: experts
(DBN)

____________

UK:

What is the Impact of Recent Policy Changes on a Lender's Appetite to Lend and UK Business Recovery?
(DBN)

U.K. court denies Dubai's leader child custody, citing spouse abuse
(DBN)

____________

EU:

EU leaders plan energy security boost, brush off Russian rouble demand Putin wants the West to defeat the purpose of its own sanctions
(DBN)

The U.S. Is Preparing To Send Major LNG Shipments To Europe
(DBN)

ECB's Centeno Says Recession Not in ECB's Scenario Despite Ukraine
(DBN)

European shares fall as Ukraine worries deepen
(DBN)

____________

Russia:

Russia's Credit Risk Surges as Putin's Demands Renew Default Fears
(DBN)

Biden promises new Ukraine aid, warns Russia on chem weapons Americans want Biden to be tougher on Russia: AP-NORC poll Russia has attacked Ukraine's health care system 64 times, WHO says Officials say 300 dead in Russian airstrike on Mariupol theater Biden says U.S. would 'respond' to Russia if Putin uses chemical or biological weapons Inside a rare US meeting with a Russian general in Moscow The Ukrainian Army Has More Tanks Now Than When The War Began—Because It Keeps Capturing Them From Russia Zelensky: "Never tell us again our army does not meet NATO standards" Zelensky calls for more NATO military support: 'We want to survive' Russian troop fatalities in Ukraine nearing losses over 10 years in Afghanistan Photos and video shows explosions and fire after Ukraine said it hit a Russian landing ship Russia's top military leaders have been refusing calls from US defense officials since the invasion of Ukraine began: report Ukrainian pilots say Russia controls 'very little part' of Ukrainian sky Ukraine's President called out bad Russian intel, saying officials 'deceived themselves' into thinking they could quickly capture Ukraine Mariupol signals chilling future of Putin's war on Ukraine Stefanik says Putin 'is committing genocide' UN says over 1,000 civilians killed in Ukraine How the Ukraine war could go nuclear Thousands of foreign volunteers are fighting in Ukraine. History suggests it could go badly One month into the Ukraine war, a defiant nation is forever changed but adapting Ukrainians mocked Russian troops while jamming their unsecured radio networks, NYT investigation reveals At Polish site, Ukrainians train to fly drones for rescue missions and targeting Russians How Conflict in Ukraine Ground to a Bloody Stalemate A girl and her hamster: Half of Ukraine's children flee war Ukraine refugees' hopes of return wane after a month of war Ukraine says Moscow is forcibly taking civilians to Russia A Month of War in Ukraine Leaves Few Clear Paths Open to Peace Biden: $1 Bn in Humanitarian Aid for Ukraine US, allies working to provide anti-ship missiles to Ukraine
(DBN)

The U.S. will take in up to 100,000 Ukrainian refugees fleeing the war Biden has a plan for Ukrainian refugees. Advocates want him to be bolder.
(DBN)

Putin's invasion of Ukraine is seen as his biggest ever mistake
(DBN)

How Putin became the victim of his own lies
(DBN)

Albright mocked Putin as 'small, pale and almost reptilian' in final scathing op-ed...
(DBN)

What US intelligence got wrong on Ukraine
(DBN)

Russian defense chief resurfaces
(DBN)

Putin's advisors are 'on edge' as the Ukraine war has turned into a fiasco for the Russian military, expert says
(DBN)

Moscow 'plotting to seal off Crimea' to stop 'panicking Russians' from fleeing
(DBN)

People In Poland Are Learning to Shoot AK-47s to Prepare for a Russian Invasion
(DBN)

____________

China:

Debt-Laden Evergrande To Miss Financial Results Deadline
(DBN)

The irony of China's rise: It's fueled by capitalism
(DBN)

China Sees 'Unprecedented' Capital Outflow Since War, IIF Says
(DBN)

EU leaders send a message to China: Use your leverage to stop Putin
(DBN)

____________

MENA:

Many baffled by Taliban reneging pledge on girls' education
(DBN)

____________

Hong Kong:

Nearly 50% of Foreign Firms in Hong Kong Plan to Relocate Staff
(DBN)

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