March 4, 2022

The Daily Bankruptcy News

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Law:

Am Law 100 Firm Announces Associate Raises On The Davis Polk Scale
(DBN)

Am Law 100 Firm Lassos A Cravath Match For Associates
(DBN)

Top 30 Biglaw Firm Raises Associate Salaries For The Second Time This Week
(DBN)

Another Biglaw Firm Wows With Big Money Raises
(DBN)

Law School 2Ls Are Sitting Pretty
(DBN)

Tired of Waiting on Big Law, Black Lawyers Build Own ‘Pipeline’
(DBN)

In A Post-Pandemic Workplace, Can Women Lawyers Have It All?
(DBN)

Is 'Snobbery' Causing A Talent Shortage In Biglaw?
(DBN)

Sometimes, What You Choose Not To Do Is As Important As What You Do Choose To Do
(DBN)

Law firms react to Russian war with condemnations, client expulsions - or total silence
(DBN)

Lawyers at Harbottle & Lewis, CMS and Carter Ruck named and shamed as 'amoral' enforcers of oligarchs
(DBN)

Solicitor suspended for boasting about fake court victories on Facebook
(DBN)

Barrister recommends starting nuclear war with Russia
(DBN)

A 22-year-old student who started a side hustle in her dorm room to earn tuition money made so much that she decided not to go to law school after all
(DBN)

Jan. 6 committee alleges Trump, allies engaged in potential ‘criminal conspiracy’ by trying to block Congress from certifying election The single most damning email exchange in the new Jan. 6 committee filing Trump releases 415-word rambling response as Jan 6 committee accuses him of criminal conspiracy Court documents reveal Pence team's exasperation with Trump Capitol rioter Jenna Ryan's prison consultants say she is 'hurting people in real prisons' by complaining about her 60-day sentence Anger and insults: Documents show DOJ pushed back bluntly at Trump effort 'America's Frontline Doctors' Founder Takes Bitter Pill and Pleads Guilty to Storming the Capitol on Jan. 6 Jan. 6 committee subpoenas Kimberly Guilfoyle Oath Keepers Prepared for Bloody Battle at White House to Keep Trump in Office Outlining Potential Criminal Charges Against Trump, Jan. 6 Committee Releases Emails About 'Coup Memo' Lawyer's 'Bulls**t' Trump Coup Lawyer John Eastman Gets Nasty Shock As Jan. 6 Committee Accuses Him Of Committing Crimes With His Client
(DBN)

Merrick Garland's impossible decision on whether to prosecute Trump
(DBN)

New York Attorney General Agrees to Delay Donald Trump and His Adult Children’s Depositions Until After Appellate Battle
(DBN)

Supreme Court lets Kentucky's GOP AG defend 15-week abortion ban
(DBN)

LA DA George Gascón wouldn't compromise, until he did. Now, no one is happy
(DBN)

Jurors weigh fate of officer fired after Breonna Taylor raid Brett Hankison found not guilty of wanton endangerment during raid that killed Breonna Taylor
(DBN)

"Terrifying": Understanding Abbott's order on trans kids in Texas TX Governor's Plan To Woo Voters By Bullying Trans Kids Blocked By State Judge
(DBN)

Gov. Reynolds signs Iowa bill banning trans girls from women's sports
(DBN)

Ex-Goldman Partner As Good At Forging Divorce Papers As He Was At Bribing Malaysian Officials
(DBN)

Ex-Fox News Director Indicted for Allegedly Flouting Sanctions Against Oligarch Known as Putin's 'Soros'
(DBN)

Biden signs landmark #MeToo bill
(DBN)

'This Lawsuit Did Not Succeed in Silencing Me': Devin Nunes Just Lost Another Defamation Lawsuit, This Time in Case Against Republican Strategist
(DBN)

Convicted Daytona Beach Serial Killer to Serve Three Consecutive Life Sentences Behind Bars: Judge
(DBN)

Illinois' ex-House speaker charged with racketeering
(DBN)

Children committing carjackings for social media fame
(DBN)

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Judges:

BK DE: Use of Face Mask / Coverings in Public Areas of the District and Bankruptcy Courts BK SD IN BK NV
(DBN)

Supreme Court pick launches a cross-aisle charm offensive
(DBN)

President Biden’s Supreme Court Pick Is So Good People Are Lapsing Back Into Birtherism
(DBN)

The issues GOP senators may focus on during Ketanji Brown Jackson's Supreme Court confirmation hearings
(DBN)

Biden court pick hits roadblock after GOP objection
(DBN)

Judges pan lawyer’s sarcastic submissions
(DBN)

Justices Gorsuch and Sotomayor Dissent Together as SCOTUS Allows CIA 'Black Sites' to Remain a 'State Secret'
(DBN)

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Wall Street:

Stock futures down as investors weigh Ukraine developments, await key jobs report
(DBN)

London scraps trading in Russian shares following 99% drops, as Moscow closes stock exchange for a 4th day
(DBN)

Russian investment analyst drinks to the death of the stock market on live TV
(DBN)

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Retailing:

Retailers start to warn of business impact from Russia’s invasion of Ukraine
(DBN)

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Crypto:

Concern that crypto could let Russians dodge sanctions 'underscores the need' for regulation, Fed's Powell says
(DBN)

Ukraine crisis puts D.C. crypto lobby in hot seat
(DBN)

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Climate:

UN report paints dire picture of the Gulf of Mexico’s future
(DBN)

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Student Debt:

AOC calls out student-loan forgiveness as one of the issues 'left unsaid' during Biden's State of the Union
(DBN)

Millions of student-loan borrowers are being driven toward 'dangerous' debt for a for-profit education, investigation finds
(DBN)

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Consumer Finance:

Block CFO says customers repay almost all buy now, pay later loans
(DBN)

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Politics:

Luján returns to Senate after suffering stroke
(DBN)

Culture war around care for transgender kids heats up
(DBN)

Progressive policies lose steam amid primary wins
(DBN)

No, Trump would not have stopped Russia's invasion of Ukraine
(DBN)

Texas Republican quits U.S. House race, admits affair with former ISIS war bride How a Trump-Backed Republican Outed Her ‘RINO’ Rival’s Affair With ‘ISIS Bride’
(DBN)

Tim Scott responds to Trump's praise of Putin: "Nothing smart about invading countries"
(DBN)

Michael Cohen says Chris Christie is 'very strongly' considering a presidential run against Donald Trump
(DBN)

Bill Barr: I Told Trump No Election Fraud
(DBN)

____________


Economy:

ISM® Services Index Decreased to 56.5% in February
(DBN)

‘The Great Resignation is real’ – service side of U.S. economy grows at slowest pace in a year
(DBN)

U.S. factory orders growth beats expectations in January
(DBN)

Republicans resist full-court press by Democrats to OK Fed nominees
(DBN)

Fewer Americans apply for jobless benefits last week
(DBN)

The wildest pandemic-era economic indicator has gotten boring. That's a good thing.
(DBN)

Weekly Initial Unemployment Claims Decrease to 215,000
(DBN)

February Employment Preview
(DBN)

U.S. is behind on gender equality, new report finds
(DBN)

Inflation, explained by the price of eggs
(DBN)

Fed’s Mester says Ukraine war accelerates the need for interest rate hikes Powell says Ukraine war is adding to upward pressure on inflation
(DBN)

A recession and stagflation could be coming and the Fed is handcuffed in what they can do about it, says legendary Pimco co-founder Bill Gross
(DBN)

Biden to use federal purchasing power to increase U.S. manufacturing
(DBN)

Russia's financial "fortress" falters under the West's sanctions White House announces new sanctions on Russian oligarchs The Council of Europe suspends Russia for its attack on Ukraine. Airline software giant ends pact with Russia’s Aeroflot, crippling carrier’s ability to sell seats Putin's dwindling options and isolation fuel fears about his next moves Satellite image shows super yacht linked to Putin out of reach of sanctions Here are the Russian oligarch yachts being seized as sanctions sink in Ikea pauses operations in Russia and Belarus Sports world leads Russia boycotts after Ukraine invasion Putin's CEO crisis Witcher, Cyberpunk developer halts Russian game sales Top Ukrainian official asks Xbox and PlayStation to block Russian gamers Russia's richest man Alexei Mordashov transferred control of a $1.1 billion stake in a mining company to his wife, filing shows Biden administration planning to impose new sanctions on Russian oligarchs Wealthy Russians are snapping up jewelry and luxury goods as the ruble crumbles International pressure is forcing Russian oligarchs to sell their assets. But who’s buying? Biden has yet to wield one of his biggest weapons in the war on Russia's economy Russian firms are scrambling to open Chinese bank accounts in response to sanctions: report Pelosi backs ban on Russian oil imports Putin's only real vulnerability — the Russian street Canada strips Russia, Belarus of trade status in latest sanctions salvo Russian Oligarchs Battle To Keep Their Yachts As Multiple Vessels Seized TJ Maxx parent to divest stake in overseas off-price retailer with 400 stores in Russia Reddit bans all links to Russia state-sponsored RT, Sputnik Accenture to discontinue business in Russia, but will support its nearly 2,300 employees in Russia A body believed to be that of a Ukrainian-born oligarch was discovered in an English mansion, reports say Russian billionaire warns the country has 'never faced such a challenge' as Western sanctions ramp up Russian Official Goes Full Culture War: West is Trying to ‘Cancel’ Us Biden administration considering sanctions on Russia’s internet access, congressman says White House announces sanctions on Kremlin press secretary Dmitry Peskov plus seven ‘oligarchs’ and their families Congress tees up a plan to seize Russian yachts and properties in the US — and sell them for Ukraine aid Russian billionaires lose $80 billion in wealth Airbnb is suspending all operations in Russia and Belarus Lukoil Calls for End to Ukraine War
(DBN)

Russian businesses in U.S. face threats, vandalism over invasion
(DBN)

Economic warfare's collateral damage
(DBN)

Spring break travel is back, and so are high prices: 'Like bears coming out of hibernation'
(DBN)

The 5 most in-demand remote jobs right now—and how much they pay
(DBN)

Google is calling employees back to some US offices for 3 days a week starting April 4, with flexibility like 'work from anywhere' weeks
(DBN)

Manchin proposes dramatically scaled down version of Build Back Better Dems agonize over Manchin's wish list: Taxes, prescription drugs, climate cash
(DBN)

Mapped: America's spotty paid sick leave laws
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Higher minimum wage curbs evictions but inflates rent bills, Penn State study suggests
(DBN)

America’s biggest new mansion auctions for $141 million L.A.'s most extravagant mansion sells for less than half its list price
(DBN)

____________

Municipalities:

Puerto Rico's restructured bonds will be exempt, provide fresh high-yield liquidity
(DBN)

Puerto Rico Judge Rejects Restructuring Stay; Teachers Turn To Appeals Court
(DBN)

____________

Oil/Gas:

US oil prices spiked to highest level in nearly 14 years
(DBN)

Murkowski: Blocking Russian oil to stop Putin is worth the 'hurt' to Americans
(DBN)

Russian oil isn't sanctioned, but nobody wants to touch it anyway
(DBN)

Russian Oil is Becoming Toxic
(DBN)

The world could be on the brink of an energy crisis rivaling the 1970s, says IHS Markit’s Yergin
(DBN)

Big Oil’s Sudden Decision To Exit Russia Comes At A High Price
(DBN)

Hydrogen to Become $1 Trillion Industry
(DBN)

____________

Cannabis:

Biden admin to applicants: Maybe don’t invest in weed companies
(DBN)

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Autos:

Chip shortage forces Ford to cut SUV, truck production at two plants
(DBN)

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Transit:

As workers make fewer office trips, commuter rail systems struggle to fill empty seats
(DBN)

____________

Education:

Florida Mom Allegedly Struck Teacher for Saying 'Learn How to Raise Your Child' During Parent-Teacher Conference on Valentine's Day
(DBN)

____________

Sports:

NFL to drop COVID protocols due to decreasing cases
(DBN)

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History:

Reliving the nightmare of 1914
(DBN)

____________

Healthcare:

Washington hospital on brink of bankruptcy needs new CEO, CFO
(DBN)

Owing $1 million in fines, bankrupt nursing home chain prepped for sale
(DBN)

Doctors file to move Cottage clinic bankruptcy case; 53 locals say clinic owes them money
(DBN)

The end of the pandemic could usher in spike of uninsured
(DBN)

More than 90% of U.S. population can ditch facemasks under CDC Covid guidance
(DBN)

COVID cases continue steep decline in U.S.
(DBN)

Democrats look for offramp from masking in public
(DBN)

As vaccine demand falls, states are left with huge stockpile
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)

Mass Torts:

Purdue Pharma, Sackler family reach new opioid settlement Sacklers and Purdue Pharma Reach New Deal With States Over Opioids Washington wins additional $113 million in challenge to Purdue Pharma opioid settlement
(DBN)

Purdue Pharma deal has families deflated, angry but hopeful
(DBN)

The opioid settlement is costing the Sacklers a fraction of their OxyContin sales
(DBN)

____________

Subchapter V:

Early Termination of Subchapter V Trustee In Both Consensual & Non-Consensual Plan Confirmations? (§ 1183(c))
(DBN)

____________

Aviation:

How Russia's invasion of Ukraine is changing air travel
(DBN)

Map shows countries that have closed their airspace to Russia over Ukraine invasion
(DBN)


Russia says it will no longer sell rocket engines to the United States
(DBN)

____________

Fraud:

Illinois businessman admits swindling hospital out of $2.5 million for N95 masks — and using it to buy Maseratis, pay credit-card bills
(DBN)

____________

Sovereigns:

Russia's credit rating is cut to 'junk' by Moody's and Fitch as sanctions threaten to crush the country's economy Russia's credit rating slashed to junk, same as Angola and Nicaragua
(DBN)

Western curbs give Moscow rational default card
(DBN)

Ukraine Tapped Lion's Share Of IMF Reserve Allocation, Debt Pressures Building
(DBN)

Argentina IMF deal heading to Congress, chamber president says
(DBN)

Sri Lanka’s economic crisis deepens as the country struggles with its debt
(DBN)

____________

EU:

After Russia’s invasion of Ukraine, summer travelers are nervous about Europe. Should they be?
(DBN)

How Europe could quickly cut its Russian gas use by a third
(DBN)

Europe scrambles to reduce its dependency
(DBN)

IEA pushes Europe to wean itself off Russian gas after Ukraine invasion
(DBN)

Is Russia's Sberbank Going Bankrupt? Lender Pulls Out of Europe
(DBN)

Gas Prices In Europe Hit Record High Amid Supply Concerns
(DBN)

European markets fall sharply as Russia seizes Ukraine power plant
(DBN)

Moldova officially applies for EU membership
(DBN)

____________

Russia:

Russia offers fast-track bankruptcy to departing companies
(DBN)

EU 'picking up signs Russia may bring in martial law' Russian fighter’s confession of killing prisoners might become evidence of war crimes White House defends not calling Putin a war criminal Putin claims war going 'to plan' as civilian homes bombed Ukraine revealed secret battle plans left behind by Russian troops and claimed they showed Russia planned a 15-day war Kyiv shrines, memorials with powerful symbolic value at risk U.S. says 90% of Russian forces massed on border have entered Ukraine Russian forces seize key Ukrainian port, pressure others Zelensky: "We are a nation that broke the enemy's plans in a week" Mayor of Kherson, first major Ukrainian city seized by Russia, tells residents to follow troops' orders and not to fight back ‘No one is willing to fight’: Despair of residents trapped after Kherson falls to the Russians Ukrainians urged to use guerrilla tactics Zelenskyy Says Russians Are Carrying Cremation Chambers Into Ukraine Horror pics show wrecked Russian army as Ukraine claims Putin has lost 9k troops with ’45 coffins sent back to one town’ Zelensky says first foreign fighters now in Ukraine Russian airstrikes kill at least 22 in Ukraine's Chernihiv region Ukrainian forces are using their home-turf knowledge to stymie Russia, the top U.S. general says. French volunteers plan to head to Ukraine to join its new foreign legion. Zelensky Says 16,000 Foreigners Have Volunteered to Fight For Ukraine Zelensky: 'The end of the world has arrived' Zelensky says he doesn't want Ukraine's history to be 'a legend about 300 Spartans' and calls for peace Russia squeezes southern Ukraine amid warning 'worst is yet to come' The ominous Russian assault ships lining up in the Black Sea that hint at attack on Odesa Satellite images show effects of Russian bombardment of Ukraine Putin nuclear threat part of new escalation policy NATO Countries Pour Weapons Into Ukraine, Risking Conflict With Russia Disabled orphans fleeing Kyiv received by Poles, Hungarians UNICEF: 500,000 children have fled Ukraine since Russia's invasion began Escaping Kyiv Ukraine will soon announce NFTs to support its defense against Putin's forces as crypto donations to the country surge past $50 million Zelensky says he has 'to talk with Putin' to end war A Putin-Macron call leaves France persuaded that Russia wants ‘control of all of Ukraine.’ Terrifying Putin Phone Call Warns ‘Worst Is Yet to Come’ Ukrainian and Russian officials meet for second round of peace talks White House asks Congress to approve additional $10B in Ukraine-related aid Zelensky: If West won't impose no-fly zone, "give me the planes" In a synagogue turned bunker, Ukrainian Jews open doors to 'all people' Russian army fighting to take Europe's biggest nuclear power plant, warns Ukraine Russians besiege crucial Ukrainian energy hub and seacoast Russia agreed to open "humanitarian corridors" for fleeing civilians: Ukraine official Russia demanding that Ukraine demilitarize Russian forces seize Europe's largest nuclear power station Ukrainian officials say nuclear power plant secure after Russian attack Russia’s chaotic and confusing invasion of Ukraine is baffling military analysts How Putin's war in Ukraine could end
(DBN)

Biden offering protected status to Ukrainians in U.S.
(DBN)

Lindsey Graham hit with bipartisan blowback after calling on Russians to assassinate Putin
(DBN)

Russia warns hacking satellites would be ‘act of war’ after Anonymous claimed to have breached space defenses
(DBN)

Fury as India and China abstain on UN vote to condemn Russia’s invasion of Ukraine Only 5 countries, including North Korea, vote against U.N. resolution condemning Russia
(DBN)

Biden weighing sanctions on India over Russian military stockpiles
(DBN)

China Declared Its Russia Friendship Had ‘No Limits.’ It’s Having Second Thoughts.
(WSJ)

Anti-Black racism is upending easy narratives about the exodus from Ukraine
(DBN)

Russians struggle to understand war: 'We didn't choose this'
(DBN)

Jewish community in Ukraine reacts to Putin's Nazi rhetoric
(DBN)

____________

China:

China 'begins sea scanning' surrounding Taiwan amid growing fears of an invasion Watching Ukraine, Taiwan worries about its own fate
(DBN)

China’s slowing economy in spotlight as legislature meets
(DBN)

What China thinks of the global economic war against Russia
(DBN)

The GOP push to Ukraine-proof Taiwan
(DBN)

____________

France:

France Sets Date To Lift Vaccine Pass Requirement In Cinemas & Elsewhere
(DBN)

____________


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