March 9, 2022

The Daily Bankruptcy News

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Law:

Top 50 Biglaw Firm Announces Yet Another Salary Hike For Associates
(DBN)

Elite Biglaw Firm Makes Cravath Salary Scale Magically Appear For Associates
(DBN)

They've Done It Again! The Money, I Mean.
(DBN)

Magic Circle Firm Conjures Up Cravath Cash For Associates
(DBN)

These Biglaw Firms Have 'No Choice' But To Give Associates Cravath Money
(DBN)

A Biglaw Firm With Even Bigger Money For Associates
(DBN)

Top 30 Biglaw Firm Finally Announces Its First Salary Wars Match
(DBN)

Another Firm Joins The Salary Re-Raise
(DBN)

Top 50 Biglaw Firm Unleashes A Brand New Salary Scale For Associates
(DBN)

Big Law's Pay War Is Dangerous Game for Firms Posing as 'Elite'
(DBN)

Schulte Roth & Zabel Strengthens Business Reorganization Group with Addition of Ned S. Schodek
(DBN)

Cleary Cuts Ties With Russian Clients, Closes Moscow Office
(DBN)

Global law firms in Russia react to Ukraine invasion, article with image
(DBN)

Global law firm to drop Russian bank client in sacred Jewish texts case
(DBN)

Freshfields to pull out of mandate advising Russian bank in $535m High Court 'tuna bonds' dispute
(DBN)

Barnes & Thornburg repped both a fraudster and his victim. 7th Circuit says no problem.
(DBN)

King & Spalding grows revenue 20% to $1.83bn against 25% jump in PEP
(DBN)

Cooley feasts off record deal markets to post 28% revenue rise to $1.9bn
(DBN)

Twitter Bot Calling Out Gender Pay Gaps At Law Firms Tweeting About International Women's Day
(DBN)

FBI Joins The Search For Missing Biglaw Associate
(DBN)

Your B.S. Isn't 'Academic Freedom,' But It's Killing Academic Freedom
(DBN)

Survey: Location (Not Rankings) Tops List For Law School Decision Factors
(DBN)

How To Write A Resume For A Career Outside Of Law (And More Alternative Careers To Consider)
(DBN)

Jury Only Needed a Few Hours to Convict Texas Militia Man of All Charges in First Jan. 6 Case to Go to Trial Texas Militia Member Found Guilty in First Jan. 6 Trial 1st trial in Capitol riot ends in conviction on all counts U.S. can expect 'a flood of plea deals' in Capitol attack cases after guilty verdict The Son Who Brought Down His Insurrectionist Father QAnon Fan Who Works for FAA Gets Probation Over Jan. 6 Capitol Riot Conspiracy Indictment of Proud Boys Leader Alleges Enrique Tarrio Met with Head of Oath Keepers, 'Other Individuals' the Night Before Jan. 6 Proud Boys Chairman Arrested and Charged With Jan. 6 Conspiracy Oath Keepers Leader Stewart Rhodes Has Made His Worst Fears Come True Jan. 6 committee is tracing every dollar raised and spent based on Trump's false election claims Feds Charge Proud Boys Leader for Plotting 'New Years Revolution' on Jan. 6 Government Watchdog Report Finds Homeland Security Held Off on Sharing Information About Known Pre-Jan. 6 Threats Federal Judge Departs from Rulings by 10 Peers, Tosses Obstruction Charge in Jan. 6 Case
(DBN)

Judge challenges John Eastman's privilege claims in hearing over January 6 documents Trump Lawyer John Eastman Flapped His Yap About Trump Electoral Strategy, Now Wants To Claim Privilege Trump Lawyer Behind 'Coup Memos' to Overturn Election Argues Attorney-Client Privilege Should Keep Emails from Jan. 6 Committee
(DBN)

Judge says Smartmatic can pursue election-rigging claims against Fox News, Giuliani
(DBN)

Ex-County Attorney Pleads Guilty to Threatening to Kill Democratic Lawmakers After Arguing with His Wife About 2020 Election and Capitol Siege
(DBN)

Maxwell Juror Given Immunity to Testify at Hearing on New Trial Ghislaine Maxwell Juror Who Didn't Disclose Sexual Abuse on Questionnaire Testifies He Made an 'Inadvertent Mistake' Ghislaine Maxwell juror regrets not disclosing sex abuse Ghislaine Maxwell Juror Says He 'Didn't Lie' to Get on Jury The Ghislaine Maxwell case is bringing the 'Runaway Jury' to life
(DBN)

Executors of Jeffrey Epstein's Estate File Emergency Motion Seeking Funds, Reveal Bills Have Not Been Paid in Months
(DBN)

Judge asked to end Prince Andrew sex abuse lawsuit
(DBN)

Judge Orders Treatment Plan for Colorado Planned Parenthood Shooting Defendant, Including 'Involuntary Administration of Antipsychotic Medications'
(DBN)

Musk Asks Judge to Block SEC Subpoena Over Tweets on Tesla Stock Sale
(DBN)

Nevada Woman Charged with Murder After Allegedly Dumping 79-Year-OId Aunt on the Road at Night and Not Noticing She Was Missing Until 4 Days Later
(DBN)

FactCheck: "During the first 3 months of FY2022 Customs& Border Protection recorded 518k encounters w illegal immigrants at S border That's up 137% from same point in FY2021."
(DBN)

6 teens arrested in Iowa school shooting that killed 1
(DBN)

States move to roll back firearm permits, over police objections
(DBN)

A Dunkin' manager fatally punched a customer after being called the n-word. He was sentenced to house arrest.
(DBN)

No Charges for Biker Who Fatally Shot Woman After She Hit Him With Car
(DBN)

DNA from bite marks leads to arrest in 1994 killing of California woman, DA says
(DBN)

The needlessly complicated Supreme Court fight over whether Navy SEALs have to obey orders Destroyer can't deploy because CO won't get COVID vaccine, Navy says Judge Stops Navy from Enforcing Covid Rules
(DBN)

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Judges:

Modernizing Court Technology
(DBN)

Graham signals he's a likely no on Biden SCOTUS pick
(DBN)

Russia is no-show at international court hearing on Ukraine invasion
(DBN)

Durbin blasts Cotton over GOP delays on judicial nominees
(DBN)

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Wall Street:

Dow futures climb nearly 500 points as commodity prices ease amid war in Ukraine
(DBN)

U.S. IPO Drought Deepens in Biggest Slump Since Financial Crisis
(DBN)

NYC Mayor Pleads with Goldman Bankers to Come Back to Work
(DBN)

Wall Street's Investment Banking Boom Stalls on Russia Worries
(DBN)

One Million Options Contracts on Biggest Russia ETF in Limbo
(DBN)

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Layoffs:

Online-Mortgage Lender Better Fires 3,000 in New Round of Cuts After infamously sacking 900 staffers via Zoom, Better.com CEO Vishal Garg to fire 4000 more Better.com employees learned of layoffs when severance checks appeared in payroll app
(DBN)

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Education:

Some L.A. schools face uncertain futures as student enrollment declines dramatically
(DBN)

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Tech:

Internet fragments as Russian invasion pushes platforms to choose sides
(DBN)

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Student Debt:

Tax groups urge Biden administration to end pause on student loan payments
(DBN)

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Pharma:

Mallinckrodt Agrees to Pay Nearly $234 Million to Resolve Allegations Related to Price Increases
(DBN)

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Mail:

Senate passes sweeping overhaul of USPS
(DBN)

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Agribusiness:

Goldman Raises Grain Forecasts on 'Sharpest Shock' Since 1970s
(DBN)

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Healthcare:

Insurers Refuse to Pick Up Bill for Billions in Opioid Claims
(DBN)

US public health remains far from normal with COVID-19 death rates more than 10 times the level expected in a bad flu year, experts say
(DBN)

For-profit hospitals skip less profitable services
(DBN)

FactCheck: "Millions of hardworking Americans will no longer have to worry about unexpected medical bills."
(DBN)

Biden seeking more health care for vets exposed to burn pits
(DBN)

WHO says COVID boosters needed, reversing previous call
(DBN)

Mask requirements in schools reduced coronavirus cases, CDC finds
(DBN)

FactCheck: Wearing masks is "COVID theater" and "not doing anything." In an era of optional mask wearing, Gov. DeSantis' outburst is a cautionary tale
(DBN)

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Economy:

Record U.S. trade deficit, slowing wholesale inventory gains seen curbing economic growth
(DBN)

64% in US Now Live Paycheck to Paycheck
(DBN)

Morgan Stanley's CEO is pushing for a return to the office and says employees need to give up on 'Jobland' and focus on 'Careerland'
(DBN)

US Wages Are 20% Lower Due to Lack of Competition Among Employers: Report
(DBN)

Shoppers Scramble for Staples as the Food Fallout From the War in Ukraine Spreads Around the World
(DBN)

Surge in wheat prices expected to seed more suffering
(DBN)

Does the spike in oil prices presage an economic downturn?
(DBN)

Spiking gas prices sting drivers nationwide, tapping pocketbooks and patience
(DBN)

The Russia-Ukraine conflict is lifting prices across the board. Here's what that means for the average American shopper.
(DBN)

Brace For High Oil Prices, Inflation, And An Economic Slowdown
(DBN)

House Democrats take aim at corporate greed during inflation hearing
(DBN)

New York Times Moves Staff Out of Russia After Censorship Law Yale researchers release running list of companies still operating in Russia A Yale professor's list of companies staying in Russia has put the business world on notice Why Private Cos. Are Proactively Taking A Stand Against Russia Western companies are exiting Russia en masse after the invasion of Ukraine, and China is eyeing a way in Italy Says EU Should Not Give In to Russia's Energy 'Blackmail' Russian Stock Market Halt Extended, Ruble Trading to Reopen England's Top Football League Suspends Russian Broadcast Deal OECD Isolates Russia Further by Ejecting Country from All Bodies McDonald's, a Rare Holdout in Russia, Has Been Mum on Its Plans McDonald's closes all stores in Russia PepsiCo Exploring Options for Russian Business, WSJ Reports Coca-Cola suspends business in Russia Starbucks suspends operations in Russia Grundfos pauses its business activities in Russia Swatch Group Reverses Course and Suspends Sales in Russia Usmanov's Superyacht to Languish in Hamburg After Crew Depart U.S. Senators Seek to Bar Russia Selling Gold to Dodge Sanctions Cloudflare Rebuffs Ukraine Requests to Stop Working With Russia Movie studios are abandoning Russia, a far cry from how they handled Nazi Germany Swiss Watchmaker Rolex Joins Peers in Russia Export Halt U.S. House Presses Ahead With Bill to Ban Russian Energy Imports The secret world of offshore banking is proving it can stand up to kleptocrats State-Backed RT Challenges Ban at EU Court News outlets leaving Russia amid free press crackdown Amazon web services not accepting new customers in Russia, Belarus House readies vote to impose range of new economic penalties on Russia Russia's invasion nears two-week mark with the country increasingly cut off economically and culturally The West Has Declared Financial War on Russia. Is It Prepared for the Consequences? After early silence, more luxury brands edge away from Russia over invasion of Ukraine Putin orders a ban on some Russian exports amid sweeping Western sanctions and US energy import restrictions A $600 million superyacht linked to Russian billionaire Roman Abramovich has left a Spanish shipyard after undergoing repairs since 2021
(DBN)

Gold crosses $2,000; Nears Historic Highs
(DBN)

JPMorgan's Rohrbaugh Says Clients Under 'Extreme Stress'
(DBN)

Ukraine Invasion Set to Squeeze Profits from Danone to Lufthansa
(DBN)

AmEx Says More Than 40% of U.S. Employees Plan to Work Remotely
(DBN)

Cash for Inflation-Hit Americans Backed by Economic Odd Couple
(DBN)

The World's Next Food Emergency Is Here as War Compounds Hunger Crisis
(DBN)

Chinese Tycoon Behind Big Nickel Short Faces Billions in Losses
(DBN)

Hundreds of Ships Trapped by Ukraine War, Endangering Sailors and Global Supply Chain
(WSJ)

Congress Reaches Deal on Fiscal 2022 Spending, Ukraine Aid
(DBN)

Six in 10 in U.S. Satisfied With Position of Women
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

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

Leading Index for Commercial Real Estate "Recovers in February"
(DBN)

Single-Family Landlords Eye Wealthy Renters With High-End Houses
(DBN)

Will Your Rent Keep Skyrocketing? Not If This Billionaire Is Right
(DBN)

This Is the Cheapest City to Buy a Home
(DBN)

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Municipalities:

Puerto Rico scraps debt restructuring deal for power company Puerto Rico governor kills PREPA deal
(DBN)

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Oil/Gas:

Oil Rally on Cusp of Destroying Demand, ConocoPhillips CEO Says
(DBN)

U.S. Shale Cannot Offset Loss Of Russian Crude In The Short Term
(DBN)

US strikes harder at Putin, banning all Russian oil imports What does a US ban on Russian oil accomplish?
(DBN)

Biden Warns Oil Firms Against 'Price Gouging' After Russia Ban
(DBN)

Saudi Arabia Reaffirms Commitment To Russia Despite War In Ukraine
(DBN)

FactCheck: The Keystone XL pipeline "would have produced 830,000 barrels of oil per day, more than enough to offset what we import from Russia
(DBN)

Biden on Russian oil import ban: "We will not be part of subsidizing Putin's war"
(DBN)

Gas prices are higher than ever, and the US is likely to see $5 per gallon before they start to come back down
(DBN)

Tanker of Russian Oil Booked for U.S. Changes Course for France
(DBN)

Shell, BP to Withdraw From Russian Oil, Gas
(WSJ)

U.S. Shale Producers Are Set to Pick Up the Pace Amid Russian Ban
(DBN)

Solar Firms Jump as U.S. and U.K. Move to Ban Russia Oil Imports
(DBN)

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Fraud:

Elizabeth Holmes's Ex May Hold Her Ticket to Less Prison Time
(DBN)

In court, a former Goldman star recounts his lies and bribes in 1MDB deceit
(DBN)

F.B.I. Sees 'Massive Fraud' in Groups' Food Programs for Needy Children
(DBN)

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Crypto:

Bitcoin Mining ETF Expects Industry Shakeout From Energy Surge
(DBN)

Biden to issue executive order on cryptocurrency
(DBN)

Biden takes big step toward government-backed digital currency
(DBN)

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Food/Beverage:

Congress dashes chances of restarting the Restaurant Revitalization Fund
(DBN)

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Climate:

Methane Cloud Spotted in Texas Shale Basin Near Gas Pipelines
(DBN)

Feds say Texas discriminated against communities of color when it denied Houston flood aid
(DBN)

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Politics:

'Independent state legislature' theory in spotlight as SCOTUS refuses to hear map disputes GOP pushes for an 'earthquake in American electoral power'
(DBN)

Democrats Get a New Worry in Supreme Court Wins on Congress Maps
(DBN)

A grand Supreme Court showdown over gerrymandering ends in a whimper
(DBN)

Miami's Famed Tolerance Collides With DeSantis's Culture War
(DBN)

Idaho Law to Make Gender-Affirming Treatment for Transgender Minors Punishable by Life in Prison Heads to State House Floor
(DBN)

Florida Senate Passes Bill Limiting Teaching on Gender Identity Education Secretary calls Florida bill 'hateful', urges lawmakers to protect students
(DBN)

William Barr says Trump passed out 'his stash of big Hershey chocolate bars as if dealing cards' during Oval Office meetings
(DBN)

Socialists' Response to War in Ukraine Has Put Some Democrats on Edge
(DBN)

MI Republican Candidate Tells Daughters 'If Rape Inevitable, Lie Back And Enjoy It'
(DBN)

Report: Trump Is Blowing a Gasket Over His Joke of A Social Media Network
(DBN)

Grisham: Trump 'admired' Putin's willingness to 'kill whoever' Stephanie Grisham: My Gay Teen Son Was 'Ashamed' I Worked for Trump and GOP
(DBN)

Parsing Steve Scalise's attempt to rewrite Trump's history with Ukraine
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

Make-Whole:

Recent Delaware Bankruptcy Rulings Address Whether a Plan of Reorganization Can Deny a 'Make-Whole' Payment Without Impairing Lenders' Claims
(DBN)

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Professional Compensation:

Rethinking Retainers in Bankruptcy
(DBN)

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Mass Torts:

Johnson & Johnson: Your 101 Guide To Litigation Protection - Bankruptcy
(DBN)

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Bankruptcy Crimes:

Abingdon Man Pleads Guilty to Bankruptcy Fraud
(DBN)

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Avoidance Actions:

Tax penalties aren't fraudulent transfers in bankruptcy: appeals court
(DBN)

U.S. Supreme Court Declines Review Ending Shareholder Fraudulent Transfer Litigation in Tribune
(DBN)

Tribune: Lessons Learned and Relearned
(DBN)

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LLCs:

Fifth Circuit Upholds Injunctive Relief Against Single-Member Limited Liability Company
(DBN)

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Appeals:

Eleventh Circuit Addresses Deadlines to Appeal Order of District Court (when Acting as Bankruptcy Appellate Court) to Court of Appeals
(DBN)

Which Deadline Controls A Post-Judgment Motion: 28 Days (Civ.P. 59) Or 14 Days (Bankr.P. 9023)? (Roy v. Canadian Pacific)
(DBN)

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Aviation:

Russia Roils Plane-Backed Bonds by Keeping $10 Billion of Jets Owners Outfoxed as Russia Absconds With $10 Billion of Jets
(DBN)

Airlines Begin to Cut Flying as They Grapple With Fuel-Cost Jump
(DBN)

India to Restart Scheduled International Flights After Two Years
(DBN)

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Utilities:

PG&E to Test GM's Electric Vehicles as Backup Power for Homes
(DBN)

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Sovereigns:

Fitch warns a Russian debt default is 'imminent' as it cuts the country's credit rating again
(DBN)

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UK:

Sharpening the corporate restructuring tool – a follow up
(DBN)

U.K. to Phase Out Russian Oil Imports in Latest Sanctions Move
(DBN)

Can London Cleanse Itself of Dirty Russian Money?
(DBN)

U.K. Petrol Prices Surge at Fastest Pace in 13 Years to a Record
(DBN)

U.K. Motorists May Drive 30% Less After Surge in Cost of Fuel
(DBN)

Replacing Russia's Diesel Could Be Challenging for the U.K.
(DBN)

Zelensky echoes Churchill in historic address to U.K. Parliament
(DBN)

Britain pledges to expedite visas for refugees from Ukraine
(DBN)

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EU:

E.U. presents plan to cut Russian gas imports by two-thirds this year, stops short of boycott
(DBN)

Germany Tells Uniper It Can Buy More Russia Gas to Ensure Supply
(DBN)

EU Maps Out Plan to Replace Russian Gas on Threat of Cut-Off
(DBN)

EU Pays Russia $285 Million Daily for Oil
(DBN)

The EU's big energy moves show a new order is quickly emerging
(DBN)

What Alternatives Does Europe Have to Russian Gas?
(DBN)

Germany Says It's Prepared If Russia Cuts Gas Flows to Europe
(DBN)

Europe's Plan to Replace Russian Gas Is Full of Obstacles
(DBN)

Europe Is Rushing To Overhaul Its Energy Security Strategy
(DBN)

European Gas Buyers Seek Floating Terminals as Russia Shunned
(DBN)

How to Persuade Europeans to Shun Russian Fossil Fuels
(DBN)

Swedish PM Says NATO Bid Now Would Destabilize Situation
(DBN)

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Canada:

Decisions on secured lenders' rights and remedies in 2022
(DBN)

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Russia:

Putin Misjudged Ukraine But Will Persist, U.S. Spy Chief Says Ukrainians flee besieged cities as conditions worsen 1 million children leave behind lives, friends in Ukraine Mapped: Where Ukrainian refugees are fleeing to Russia announces new cease-fire in Ukraine As Russia's Military Stumbles, Its Adversaries Take Note Second of Putin's top generals killed in days as Russian troops 'desert posts' after 'large-scale losses', say Ukraine Russian Officer Complains About Dead General and Comms Meltdown in Intercepted Call Seemingly stuck Russian convoy hides mysteries 'Now it's no mercy,' Ukrainian soldiers vow, as a showdown with Russian forces nears Putin's military failures force bitter Russian reckoning U.S. estimates 2,000 to 4,000 Russian troops killed in Ukraine war Israeli officials say Russia-Ukraine ceasefire talks at critical point Poland ready to give fighter jets to U.S. to supply Ukraine U.S. rejects Poland's offer on jets for Ukraine Harris heads to Poland amid turbulence over jets for Ukraine Russian warship that attacked Snake Island has reportedly been destroyed Poland ready to place all its MIG-29 jets at the disposal of the US Ukraine's Zelensky says he has 'cooled' on joining NATO Putin's disinformation is so effective that Ukrainians can't convince their own families in Russia they are under attack 58% of Russians support the invasion of Ukraine, 23% oppose it, new poll shows 'I'm doing it for my kids': US Army vet on why he's fighting in Ukraine Effort to relieve encircled Ukrainian port put in jeopardy UN tells comms staff not to call Ukraine conflict 'war' or 'invasion': report What you need to know about Russia's war on Ukraine — by the numbers Russian forces have fired nearly 670 missiles at Ukrainian targets, US says As Fighting Gets Closer, a Kyiv Hospital Treats the War's Atrocities Ukraine: 'It is difficult to trust the occupier' Ukraine war at 2-week mark: Russians slowed but not stopped Suffering goes on in encircled Mariupol as evacuation fails Russian forces tighten grip on Kyiv gateway as residents describe growing perils Ukrainian truckers load up with donated supplies before going back to fight Concern Rising That Putin Could Use Nuclear WeaponsPutin 'extremely paranoid' US is plotting to overthrow him: 'He could double down'
(DBN)

Moscow patriarch stokes Orthodox tensions with war remarks
(DBN)

Russia 'has gone all in': Does Putin have a way out of his war in Ukraine?
(DBN)

Russia's Ukraine invasion reminds us that the world order we have taken for granted is remarkably fragile
(DBN)

'We told you so!' How the West didn't listen to the countries that know Russia best
(DBN)

Russians flee Putin's crackdown as Ukraine invasion reshapes Moscow's future
(DBN)

Ukraine Raises $229 Million in Second 'War Bond' Auction
(DBN)

Ukraine aid package increased to $14 billion, McConnell says
(DBN)

Berliners open their hearts, homes to those fleeing Ukraine
(DBN)

Maria Baronova fears 'we're on the brink of a nuclear war' after quitting Russian state-run media over Ukraine
(DBN)

NATO Members Mount Huge Operation to Resupply Ukrainian Fighters
(WSJ)

'Every inch of NATO': Blinken seeks to deter any Russia thought of pushing beyond Ukraine
(DBN)

Expats Quietly Leave Russia Over Financial and Safety Worries
(WSJ)

More than 13,000 anti-war protesters arrested in Russia
(DBN)

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Mexico:

New federal courts for commercial bankruptcy proceedings (concursos mercantiles)
(DBN)

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Venezuela:

Venezuelan Migrants Are Coming Home as Maduro Embraces Capitalism
(DBN)

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Hong Kong:

Hong Kong Liquidators Reach Mainland Assets
(DBN)

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