March 29, 2022

The Daily Bankruptcy News

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Law:

Big Money For Associates At This Biglaw Firm
(DBN)

Elite Firm Offers Big Money To Delighted Associates
(DBN)

Jones Day's $225,000 Starting Salary For Associates Is Not Actually Above Market
(DBN)

Leading Bankruptcy Partner Seth J. Kleinman Joins Morrison & Foerster
(DBN)

Skadden Really Has A Type When It Comes To Associates
(DBN)

After Record Profits, Biglaw Partners Wonder If They Need To Keep Working
(DBN)

Yale Law School Free Speech Crisis Mostly Fake News
(DBN)

The 2023 U.S. News Law School Rankings Are Here US News releases its 2023 law school rankings; who switched spots?
(DBN)

Another State Adopts Duty Of Technology Competence For Lawyers, Bringing Total To 40
(DBN)

Want to be a successful litigator? Come to the office, say 2 BigLaw trial lawyers
(DBN)

Coca-Cola Scraps Diversity Requirements for Outside Law Firms
(DBN)

Baker McKenzie Attorneys From Kyiv Office Resume Work
(DBN)

Florida schools will soon teach money management. This Pensacola bankruptcy lawyer helped it happen.
(DBN)

Judge says Trump and ally Eastman launched Jan. 6 "coup in search of a legal theory" CA Judge Rules Crime Fraud Exception Applies To Trump-Eastman Emails Trump and law prof likely 'dishonestly conspired' to block election vote count, judge says Judge Allows Release of Eastman Documents to Jan. 6 Committee Federal Judge, Fearing Repeat of Jan. 6, Finds Trump 'More Likely Than Not' Committed Felony Obstruction of Congress Trump likely committed felony obstruction, federal judge rules Judge rules Trump's efforts to overturn election likely criminal Judge calls 'illegality' of Trump plan to overturn election 'obvious,' in ruling for Jan. 6 committee Biden turned down privilege claim by Dan Scavino Jan. 6 Committee to seek interview with Ginni Thomas, conservative activist and wife of Supreme Court justice Ginni Thomas Faces Possible House Interview Over Jan. 6 Texts Jared Kushner is expected to appear before January 6 committee this week Texas Man Whose Friend Saw Jail Time for Jan. 6 as 'Detox' Opportunity Pleads Guilty in Capitol Breach Jan. 6 White House logs given to House show 7-hour gap in Trump calls Jan. 6 Panel Votes to Prosecute Trump Duo
(DBN)

And Then There Were Four: The Final Contenders For The Crown Of Most Disgraced Trump Lawyer
(DBN)

Citing 'Security Threats,' Judge Orders Trump Lawyers to Remove 'Sensitive' Home Addresses of Ex-FBI Agents and Leaders in Lawsuit Against Hillary Clinton
(DBN)

Ted Cruz Figured He Was Just The Man To Defend Texas's Dumb Election LOLsuit At The Supreme Court
(DBN)

New York's Trump Probe Has Received Just 10 Documents From Trump Himself
(DBN)

Judge orders Trump Organization to comply with NY Attorney General subpoena Judge Arthur Engoron Demands Trump Org Quit Stalling on Turning Over Evidence
(DBN)

In a suburban Fort Worth House runoff, Republicans debate killing women over abortion
(DBN)

Supreme Court to consider California rules regarding humane treatment of pigs, dispute over Warhol work Supreme Court to Hear Copyright Fight Over Andy Warhol's Images of Prince
(DBN)

'Wolf of Wall Street' Extra Among Alternate Jurors in 1MDB Trial
(DBN)

Prosecutors Advance Tax Probe of Hunter Biden
(WSJ)

The fall of Seattle - After George Floyd died, the city turned on the police
(DBN)

Inside the plan to create an abortion refuge for a post-Roe era
(DBN)

The US Admitted a Group of Russians at the Border Under Secret Deal With Mexico
(DBN)

Florida officials fight back against rowdy spring breakers
(DBN)

If Your Ultimate Goal Is Not Going To Jail, Don't Point A Gun At An F.B.I. Agent
(DBN)

Alex Jones, Who Said Sandy Hook Massacre Was a Hoax, Claims that Appearing for Deposition Would Cause Him 'Significant Stress'
(DBN)

Civilian Army leader led child p--- ring, risked US security
(DBN)

Will Smith Writes Every 'Cool' Tort Professor's Final Exam Question At The Oscars
(DBN)

Turning a Glock into a Machine Gun
(DBN)

______________

Judges:

BK MD FL: Judge Jason A. Burgess and Judge Tiffany Geyer Sworn in As Middle District of Florida Bankruptcy Judges
(DBN)

Notice of Vacancy, Judicial Law Clerk, The United States Bankruptcy Court for the District of Maryland
(DBN)

Former Law Clerk Speaks Out About Her Experience With Harassment
(DBN)

Clarence Thomas participates in oral arguments remotely after hospital stay Thomas Again Absent From Courtroom for Supreme Court Session
(DBN)

Clarence Thomas Is Taking Full Advantage Of The Supreme Court's Lack Of Rules
(DBN)

Biden declines to call on Justice Clarence Thomas to recuse himself from January 6-related cases after Ginni Thomas' texts raise ethics questions
(DBN)

Democrats in Congress ask Clarence Thomas to recuse himself from Jan. 6 cases
(DBN)

Post-election texts by wife of Justice Thomas raise ethics issues, experts say
(DBN)

Supreme Court fight shows GOP wants to steer clear of Trump
(DBN)

Justice Breyer Cites 'The Little Engine That Could' During Oral Arguments in Case About an Injured Worker and Railroad Company Liability
(DBN)

Louisiana Judge Suspended for Facebook Chats With Litigant's Mom
(DBN)

______________

Wall Street:

Stock futures rise slightly ahead of consumer confidence data
(DBN)

The Biden administration wants to restrict stock buybacks by placing limits on executives' ability to sell shares, report says
(DBN)

______________

Layoffs:

Robot cooks move into malls, airports, military bases
(DBN)

Consolidation Trims Centric's Workforce By 252
(DBN)

The hamburger vending machine has arrived
(DBN)

______________

Tech:

Apple reportedly cuts production of its new iPhone SE by 20% Apple will cut production of iPhones and AirPods as economic pressures from the Ukraine crisis are expected to hit consumer demand, a report says
(DBN)

____________

Cruise Lines:

Fully vaccinated cruise reports coronavirus cases on return to San Francisco
(DBN)

____________

Autos:

Tesla Looks to Add $85 Billion in Market Value in Single Session
(DBN)

U.S. to More Than Double Fines for Fuel-Efficiency Violations in a Win for Tesla
(DBN)

____________

Climate:

As another wildfire sends Colorado scurrying, Biden wants 19% spending boost for Interior Department and 29% bump for EPA
(DBN)

Biden Wants Record $11 Billion in Climate Aid to Poor Nations
(DBN)

Texas Wildfires Prompt Evacuations as Dry Weather Fans Flames
(DBN)

New Orleans and other major cities at risk for severe storms including tornadoes
(DBN)

Colorado officials declare 'year-round' fire season
(DBN)

____________

Politics:

Prosecutors gathering evidence about Hunter Biden's foreign income: report
(DBN)

DeSantis signs "Don't Say Gay" bill into law
(DBN)

Disney Slams Florida's Don't Say Gay Law
(DBN)

DeSantis' eerie quiet on Russia
(DBN)

Trump turns Michigan into MAGA proving ground
(DBN)

Cruz's battle to keep Trump in power has cost him friends, sparked new questions
(DBN)

Texas Tech Workers Back O'Rourke as Abbott Touts Newcomers' Jobs
(DBN)

GOP lawmakers turn Will Smith's slap into anti-Biden memes
(DBN)

Fox News Host Lara Logan Suggests Theory of Evolution Is a Hoax Funded by Jews
(DBN)

____________


Economy:

Biden's 2023 budget would hike taxes on the ultra-rich and corporations, boost defense spending Biden's 2023 budget focuses on deficit reduction Biden budget pivots to deficit concerns while boosting military, domestic programs Biden budget aims to raise $11 billion from digital asset traders, fight 'misuse' of crypto Biden Pitches $5.8 Trillion Plan With Record Tax Hike What's in Biden's plan to tax the super wealthy Emphasizing fiscal responsibility, Biden proposes cutting the deficit by $1 trillion over a decade. Biden's plan to tax billionaires relies on one simple fact: Average Americans pay more of their income in taxes than the wealthy Biden taps the rich for his big plans Emphasizing fiscal responsibility, Biden looks to win support from moderates With a center-leaning budget, Biden bows to political reality Biden swipes at Trump for 'mismanagement' of the economy: 'We're reducing the Trump deficits'
(DBN)

Rick Scott's Plan to Tax the Poor
(DBN)

America's 10 richest people — including Elon Musk and Jeff Bezos — would pay up to $215 billion in taxes on unrealized stock gains under Biden's new plan. They currently pay next to nothing.
(DBN)

White House budget sees inflation easing, even as Russia war pushes up prices Biden's budget sees inflation running below economists' forecasts — here's why Biden Budget Predicts Inflation Slowdown It Knows Won't Happen
(DBN)

Biden's budget focuses on fighting inflation, but that's mainly a Fed project.
(DBN)


Fed Study Points Finger at Fiscal Boost for High U.S. Inflation
(DBN)

Biden's wealth tax plan stretches the definition of "income"
(DBN)

American Consumers Are Starting to Hit Their Breaking Point
(DBN)

El-Erian warns of 'cost of living crisis,' says Fed rate hikes could cause recession
(DBN)

Six High Frequency Indicators for the Economy
(DBN)

America's inflation problem is weirdly hard to fix
(DBN)

Treasury yields invert for the first time since 2006, as recession fears grow Recession fears grow stronger as part of the US bond yield curve inverts for the first time since 2006 U.S. Treasury yield curve divergence sends mixed recession signals Treasury Yields Show Fed's Final Rate Holds Key to Depth of Rout Recession fears tied to Treasury yields are overblown: Canaccord's Tony Dwyer
(DBN)

Fed's Powell Is Trusting the Wrong Yield Curve, Citi Says
(DBN)

New Balance bulks up manufacturing presence in U.S. amid global supply chain backlogs
(DBN)

Poll: Americans want tougher sanctions on Russia over Ukraine invasion ABA Fact Check: Russian Oligarchs Will Likely Have Little Success to Contest U.S. Sanctions over Putin's Ukraine Invasion Oligarch Mikhail Fridman says he learned about the sanctions against him from TV and doesn't have any way to deliver messages to Putin Roman Abramovich 'went blind for hours and his skin peeled off' after suspected poisoning at Ukraine peace talks Sanctioned Russian oligarch Mikhail Fridman says he can't use his ATM card or access any bank accounts Rouble firms past 90 vs dollar, Russian stocks extend slide in volatile trade U.S. lawmakers probe Credit Suisse on compliance with Russia sanctions Credit Suisse Has Stopped Pursuing New Client Business in Russia In Istanbul and Dubai, Russians pile into property to shelter from sanctions Beer giants Heineken and Carslberg join exodus from Russia Carlsberg Will Sell Russia Business to Exit Country Completely Sanctions-hit companies unlikely to get trillions in state aid, EU's Vestager says JPMorgan Behind Moves to Detain Russian Billionaire's Superyacht Credit Suisse Asked by Lawmakers About Sanctions Compliance Russian Oligarchs Could Have EU Citizenship Stripped Under New Proposal Russian Crude Continues To Flow Despite Harsh Sanctions E.U. wants 'golden passports' ended, Russian oligarchs' citizenship revoked
(DBN)

Russia's Ukraine invasion has had 5 unintended consequences
(DBN)

Consumers will pay higher prices as Ukraine war continues: Helima Croft
(DBN)

Bonds are flashing signals that a recession is looming and the 'incredibly resilient' stock market is the best bet for now, Mohamed El-Erian says
(DBN)

Employers revamp background checks to help fight labor shortage
(DBN)

U.S. goods trade deficit narrows in February; still near record highs
(DBN)

U.S. Supreme Court turns away challenge to Trump steel tariffs
(DBN)

Los Angeles Greenlights $1.6 Billion Downtown Project in Bet on Recovery
(DBN)

New Supply Chain Risk: 22,000 Dockworkers Who May Soon Strike
(DBN)

In NYC and D.C., Young Women Outearn Men in Reversed Gender Gap
(DBN)

Adams' vax mandate controversy grows
(DBN)

Why U.S. Population Growth Is Collapsing
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Inventory Has Bottomed
(DBN)

The housing market is about to get more dysfunctional
(DBN)

If you're thinking of moving to the country, be aware of these hidden costs
(DBN)

'Thousands of potential race-related flags': Biden administration wants to root out racial bias in home appraisals — but research suggests it's endemic
(DBN)

Manhattan's One World Trade Center Now 95% Leased After New Deal
(DBN)

'High-Rise Hell': NYC Skyscraper Elevator Breakdowns Strand Tenants
(DBN)

Garcetti Blames 'Housing, Housing and Housing' for LA Exodus
(DBN)

New York's Class B and C Office Owners Mull Flex to Fill Space
(DBN)

____________

Municipalities:

Puerto Rico's economy continues to show signs of strength
(DBN)

____________

Oil/Gas:

Oil slides more than 8% as Shanghai lockdown prompts demand fears
(DBN)

What Is Holding U.S. Oil Production Back?
(DBN)

Sand Pirates Driving Global Shortages
(DBN)

OPEC+ Still Sees No Need to Change Plan Despite Russia Crisis
(DBN)

Saudi energy minister says oil alliance OPEC+ will leave politics out of output decisions
(DBN)

U.S. sees 'game-changing' hydrogen as pivotal in the energy transition
(DBN)

____________

Entertainment:

Academy condemns Will Smith's actions, launches review Will Smith apologizes to Chris Rock for slapping him at the Oscars
(DBN)

____________

Religion:

Indigenous delegates hold first talks with Pope Francis in Rome Indigenous tell pope of abuses at Canada residential schools
(DBN)

Bankruptcy mediations begin for Archdiocese of Santa Fe
(DBN)

____________

Crypto:

Former Exchange CEO Mark Karpeles Reveals Plans to Airdrop NFTs to Mt Gox Customers Mt.Gox's Strategy to Reward Those Affected By Its Bankruptcy
(DBN)

____________

Fraud:

PPP Loans: Biggest Fraud in a Generation
(DBN)

____________

Radio:

Rocking M Media and related companies file Chapter 11 bankruptcy
(DBN)

____________

Healthcare:

U.S. global Covid work will 'grind to a halt' without more cash
(DBN)

'He Goes Where the Fire Is': A Virus Hunter in the Wuhan Market
(DBN)

The most stressed Americans live in these states
(DBN)

New normal for health care spending
(DBN)

Doctor fired from ER warns about effect of for-profit firms on U.S. health care
(DBN)

____________

Student Debt:

3 ways Biden is budgeting for 'better support to student-loan borrowers' without the debt forgiveness he pledged
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Fed Rate Hikes Could Cause Bankruptcies To Bloom In Private Equity Portfolios
(DBN)

______________

Cross-Border:

Two Recent Chapter 15 Cases Clarify Just How Low the Bar Is for Recognition
(DBN)

____________

Bankruptcy Reform:

Expiration of CARES Act Bankruptcy Provisions
(DBN)

A Day Late and Nearly $5 Million Short?: Legislation Introduced to Make Permanent the $7.5 Million Subchapter V Debt Limit As Temporary Extensions Sunset
(DBN)

____________

Impairment:

'Unimpairment' Under Chapter 11: More than Just a Non-Word
(DBN)

____________

Mass Torts:

The Need for Dignitary Justice for Tort Creditors in Chapter 11 Bankruptcy
(DBN)

____________

Mediation:

The Judge Behind the Curtain
(DBN)

____________

Sovereign Immunity:

The court's latest dive into state sovereign immunity pits military veterans against state agencies
(DBN)

____________

D&O:

Can Economic Inflation Really Lead to D&O Claims? Yup. Here's How.
(DBN)

____________

Corporate Reform:

U.S. consumer watchdog plans to establish 'dedicated units' to better detect repeat offenses -director
(DBN)

Consumer Watchdog Wants Repeat Offender Banks Stripped of Licenses
(DBN)

____________

Aviation:

Airlines want to drop mask and Covid-19 test rules. What do doctors say about it?
(DBN)

JetBlue has cut or paused 27 routes for the summer amid labor shortages and high fuel prices – see the full list
(DBN)

____________

Celebs:

Former Wimbledon Winner Boris Becker 'Embarrassed' By Bankruptcy Boris Becker speaks of money troubles at London trial Tennis star blames bad publicity for being unable to earn enough money to pay off debts
(DBN)

____________

Sports:

New York taxpayers to shell out record $850M for new Buffalo Bills stadium New York Taxpayers to Get Soaked on New Buffalo Bills Stadium
(DBN)

____________

Sovereigns:

Russia Signals Payments Coming for Bonds Due in April 2022, 2042
(DBN)

Sri Lanka in Talks for More Financial Aid From India What's behind Sri Lanka's economic crisis?
(DBN)

____________

UK:

Court of Appeal rules foreign receiver cannot deal with English property due to the "immoveables rule"
(DBN)

U.K. Tax Cuts Designed to Impose Spending Discipline, Sunak Says
(DBN)

U.K. Would Be in Recession Were It Not for Post-Covid Bounce
(DBN)

U.K. Minister Vows to Reverse P&O Ferry Firings With New Laws P&O Ferries rejects government plea to rehire fired workers
(DBN)

Poor and Rich in U.K. Hit Hardest in Pandemic's First Year
(DBN)

London police to issue 20 fines over lockdown parties at U.K. PM's residence
(DBN)

____________

EU:

U.S.-EU gas deal won't replace Russian supply, says former U.S. energy secretary
(DBN)

There Is No Short Term Solution To Europe's Oil Addiction
(DBN)

Unpacking Biden's European energy plan
(DBN)

Europe can lead the way through an energy crisis without more fossil fuels
(DBN)

G7 rejects Putin's demand for rouble payment for Russian gas - Germany Russia will not supply gas to Europe for free, Kremlin says Putin should think about the consequences of asking for energy payments in rubles, Germany says
(DBN)

____________

Canada:

Alberta Appeal Court keeps $217 million oilpatch cleanup liability case alive
(DBN)

____________

Italy:

Italy expects to sell Monte dei Paschi after restructuring
(DBN)

____________

Russia:

Russia's Ukraine strategy has shifted as the war drags on — or has it? Russia intensifies airstrikes across Ukraine Ukrainian forces push back Russia's military outside Kyiv as peace talks resume Ukraine says Russian forces are trying to block supply routes around Kyiv, and Mariupol's mayor is calling for the complete evacuation of the city More than 100 killed in Kyiv, including 4 children: mayor The risk of a catastrophic event at nuclear sites in Ukraine is low, nuclear experts said. But disaster is still possible, especially if there is fighting nearby Ukrainian forces have retaken city of Irpin, mayor says What, exactly, is a "neutral" Ukraine? 'Dirty bomb' ingredients go missing from Russian-occupied Chernobyl lab Ukraine to probe after videos show alleged Russian POWs shot, abused Ukrainians forced into slave labor? UN: Over 3.8 million refugees have fled Ukraine since Russian invasion began EU agrees plan to aid refugee resettlement 'Shambolic' UK Visa System Is Stranding Ukrainian Refugees Across Europe Ukrainian woman whose village was stormed by Russian troops says they wore her clothes, stole money, and drunkenly shot off her husband's leg Mariupol is 'in the hands' of Russia, mayor says After Russian forces pull back, a shattered town breathes Ukraine is Winning. So, Don't Let Up
(DBN)

Kremlin official: Russia will only use nuclear arms if existence threatened
(DBN)

Russian oligarch Roman Abramovich and Ukrainian negotiators were targeted in a suspected poison attack, WSJ reports
(DBN)

Pentagon to deploy six naval aircraft to Germany to bolster NATO Pentagon sends Growler electronic warfare aircraft to Germany
(DBN)

Scholz signals EU would help defend Sweden if Russia attacks
(DBN)

How Biden's 9 unscripted words could impact the war Kremlin calls Biden's Putin statement 'alarming' Biden says remark on Putin's power was about 'moral outrage' Biden says his 'moral outrage' at Putin does not signal a U.S. policy shift
(DBN)

____________

Japan:

Japan to begin work on relief package to counter rising fuel, food costs
(DBN)

____________

El Salvador:

El Salvador Locks Up Hundreds After Gang Terror Spree
(DBN)

____________

China:

Shanghai sends patients to quarantine centres as hospitals buckle under Covid surge
(DBN)

Shanghai is locking down over 10 million people at a time. Why that's a big deal
(DBN)

Taiwan sees lessons in Ukraine
(DBN)

____________

MENA:

Taliban hard-liners turning back the clock in Afghanistan
(DBN)

____________

India:

'Interest': A Legal Quandary Under IBC
(DBN)

____________

South Korea:

Future of SsangYong Motor up in air
(DBN)

____________


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