May 11, 2022

The Daily Bankruptcy News

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Law:

About one-fifth of lawyers and staffers considered suicide at some point in their careers, new survey says
(DBN)

Law Firms Put A Lot Of Eggs In One Basket... And That Basket Is Looking Iffy
(DBN)

The Biglaw Firm With The Most Billable Hours
(DBN)

State Bar Seeks Services of Trustee of Girardi|Keese Estate
(DBN)

A "Woodstock" for Right-Wing Legal Activists Kicked Off the 40-Year Plot to Undo Roe v. Wade
(DBN)

Do You Have Any Room Left For Just Deserts?
(DBN)

Law Firm transactional demand slows, while lawyer pay jumps in Q1 2022, Law Firm Financial Index (LFFI) finds
(DBN)

Do Lawyers Give A Hoot About Twitter?
(DBN)

For Financial Help and Counsel, Hunter Biden Turns to Hollywood Lawyer
(DBN)

Linklaters becomes latest UK firm to implement menopause policy
(DBN)

Law School Dean Lashes Out At D.C. Bar Seating Plan As 'Likely Unconstitutional'
(DBN)

Big Law Attorneys Share Why Mentoring Matters: Part Six
(DBN)

Former Biglaw Attorney Accused Of Injecting Blood Into Groceries Found Not Guilty By Insanity
(DBN)

Biglaw Partner Dishes On Some Of The Perks Of Representing The Kardashians
(DBN)

New Arizona law will require state bar to pay attorney fees in lost legal discipline cases
(DBN)

'This One's a Doozy': Judge Issues Jail Time for Jan. 6 Rioter Seen Near 'QAnon Shaman' After Capitol Breach 'This Was More Than Trespassing': Judge Sentences Marine Who Joined Jan. 6 Capitol Mob to Probation, Home Detention Debate Over Subpoenaing Lawmakers Intensifies on Jan. 6 Panel
(DBN)

OAN Settles One Election Defamation Suit, Only One Million To Go
(DBN)

Michael Cohen testifies for 4 hours in lawsuit against Donald Trump
(DBN)

The Decline and Fall of the Oath Keepers
(DBN)

Hillary Clinton campaign lawyer Michael Sussmann's defense list includes ex-NYT reporter
(DBN)

Gun killings reached highest level in 25 years during Covid pandemic, CDC says
(DBN)

A New Mexico man convinced the FBI he was not a threat. Then he carried out a school shooting.
(DBN)

Watery graves recall early Las Vegas' organized crime days
(DBN)

Senate Democrats open door to giving GOP Title 42 vote
(DBN)

Alabama inmate had cache of weapons in car and planned shootout before arrest, sheriff says
(DBN)

LA thieves in Rolls Royce prey on drunk couple, rob $19K worth in luxury watches: LASD
(DBN)

South Seattle store owner plans to leave after latest smash-and-grab: 'It's getting worse'
(DBN)

Jewelry thief on motorcycle robs women across NYC
(DBN)

Black women's lacrosse team pulled over in Georgia, searched for drugs
(DBN)

Abbott Used Federal Pandemic Aid for Border Mission
(DBN)

A minor trespassing case gives Gov. Greg Abbott's border initiative its first courtroom win
(DBN)

Celebrity Chef Mario Batali Acquitted of Indecent Assault and Battery for Alleged 2017 Groping Incident 'LMFAO, I Want to Sell These Photos, Dude': Friend of Celebrity Chef Mario Batali's Groping Accuser Grilled About Laughing Texts
(DBN)

Kentucky man, 22, shoots mom after dispute over Xbox controller on Mother's Day, officials say
(DBN)

Amber Heard caught 'posing' while crying on the stand? Johnny Depp and Amber Heard Trial: Experts See No Winners, No Lessons
(DBN)

Jurors Convict Man of Murder After Wife's Fitbit Data Undermined His Story About Masked Intruder Killing Her
(DBN)

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Judges:

The Justice Behind The Dobbs Draft Opinion
(DBN)

The Movement That Put Alito on the Court Isn't Finished
(DBN)

US Confidence in SCOTUS in Collapse
(DBN)

Abortion battle moves to homes of Supreme Court justices
(DBN)

Schumer says he sees no issue with protests at houses of Supreme Court justices
(DBN)

Democratic support for SCOTUS expansion grows after leak
(DBN)

Technical problems during remote trial violated parent's due process rights, top state court says
(DBN)

Judge who presides over drink-driving cases is himself arrested for DWI after trying to back into a parking space that already had a car in it
(DBN)

Texas judge is reprimanded following the shackling of 2 lawyers in courtroom
(DBN)

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Wall Street:

Stock futures rise ahead of key inflation reading
(DBN)

Stocks turn mixed on Wall Street a day after big sell-off
(DBN)

Investors haven't begun to price in recession — Here's how far the S&P 500 could fall
(DBN)

Meme Stock Euphoria Goes Bust as Group Slumps to All-Time Low
(DBN)

Small Caps Sinking Below Support Level Is Warning for All Stocks
(DBN)

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Layoffs:

Used-car retailer Carvana to lay off 2500 in post-Covid slide
(DBN)

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Climate:

Over half of U.S. in drought as wildfires burn, tornado activity surges
(DBN)

ConocoPhillips' shareholders vote against Scope 3 emissions reduction targets
(DBN)

California lays out plan to drastically cut fossil fuel use
(DBN)

Texas Shatters Heat Record at 112F
(DBN)

LA to Restrict Lawn Watering as California Drought Tightens Grip
(DBN)

California urban water use rose 19% in March despite worsening drought In drought-ravaged California, water use is up dramatically
(DBN)

New Mexico fire fight tops $65 million as wildfires march on
(DBN)

Earth given 50-50 chance of hitting key warming mark by 2026
(DBN)

Trillion-dollar question: How do we finance climate solutions?
(DBN)

____________

Mass Torts:

Pharmacy chains should pay $878 mln for opioid epidemic role, Ohio counties say
(DBN)

Inside the sales machine of the 'kingpin' of opioid makers
(DBN)

____________

Tech:

Elon Musk says he would lift Twitter ban on Donald Trump after deal closes Dorsey weighs in on Twitter bans after Musk says Trump's would be lifted
(DBN)

____________

Crypto:

Coinbase Will Keep Customer Balances in Event of Bankruptcy Coinbase new disclosure does not mean firm faces bankruptcy risk, says CEO Coinbase CEO Says No Risk of Bankruptcy Amid 'Black Swan' Event
(DBN)

Crypto assets shed $800 billion in market value in a month
(DBN)

Crypto prices tank, taking some companies with them
(DBN)

Coinbase Sinks After Warning the Slide in Volume to Worsen
(DBN)

Tesla Takes a Hit on Bitcoin Investment
(DBN)

____________

Electricity:

Talen Files for Bankruptcy After Power Hedges Drained Cash Texas Power Generator Talen Energy Files for Bankruptcy Talen Energy unit files for bankruptcy, looks to slash $4.5 billion debt
(DBN)

Talen Energy to Hand Power-Plant Business to Bondholders
(WSJ)

____________

Healthcare:

Up to 14M people could lose Medicaid coverage when health emergency ends: study
(DBN)

With Covid funding stalled, White House prepares for vaccine shortage in the fall
(DBN)

Pandemic gets tougher to track as COVID testing plunges
(DBN)

The major blind spot in Bill Gates's pandemic prevention plan
(DBN)

Hochul Allocates $35 Million to Protect N.Y. Abortion Providers
(DBN)

Emergent Hid Evidence of Covid Vaccine Problems at Plant, Report Says
(DBN)

It's almost summer, and flu is still spreading nationwide
(DBN)

COVID-19 pandemic shutdowns led to a global rise in loneliness
(DBN)

Bill Gates says he has tested positive for COVID-19
(DBN)

____________


Economy:

Fed's Mester: 50 Bps Rate Hikes Make Sense, Could See Unemployment Rise Fed's Mester: After half point increases in June and July Fed will "have to see" what more is needed Fed's Mester: Will need 'compelling' drop of inflation to slow rate hikes Mester Backs Half-Point Moves, Bigger Ones If Inflation Persists Fed's Williams on board with 50 bps rate hikes at next two meetings Mester: MBS sales could mean market losses for Fed Fed's Waller promises to tackle inflation, says mistakes of the '70s won't be repeated Williams Says Fed to Curb Inflation Without Raising Unemployment
(DBN)

The Fed Waves Its Wand
(DBN)

Highest Inflation in America Is Punishing a Texas Town and Its Residents
(DBN)

Policymakers brace for new inflation numbers
(DBN)

Fed official says he doesn't buy the 'Great Resignation' — suggests employers play up labor shortage to avoid paying higher wages
(DBN)

Economist Lisa Cook poised to become first Black woman on Fed board
(DBN)

CPI, PPI: Markets look for signs of U.S. inflation peak
(DBN)

Biden finally admits soaring inflation a 'real tough problem,' suggests it may get worse
(DBN)

Biden Slams Republican Inflation Plan as Harmful to Working Families
(DBN)

Biden promotes efforts to address inflation as Republicans make it a point of attack
(DBN)

For Tens of Millions of Americans, the Good Times Are Right Now
(DBN)

Why are food prices going up? Key questions answered
(DBN)

Financial Woes on the Rise in the U.S.
(DBN)

Biden Says Inflation Is 'Hurting' US Families, Blames Pandemic
(DBN)

Financial Future Worries
(DBN)

An overlooked driver of the racial wealth gap
(DBN)

Corporate America's debt sinks to lowest prices since 2008. Could it be a canary in the coal mine?
(DBN)

NY Fed Q1 Report: Total Household Debt Increases to $15.8 trillion Household debt nears $16 trillion despite rising rates and inflation Americans Put More on Credit Cards as Inflation Boosts Costs, Fed Data Show U.S. household debt nears $16 trln, but mortgage, auto loan demand wanes - NY Fed American household debt continues to march higher, driven by one major factor, New York Fed says
(DBN)

JPMorgan, Goldman Are Pushed to Name Clients Trading Russia Debt The West Has Got Its Russia Sanctions Wrong Ukraine Grid Says Russia Flows Via One Key Entry Point to Stop Spy Chief Says Ukraine Could Leave Russia Weaker But Aggressive Russia's Lukoil Keeps Payments to Creditors Flowing Following Contact Four Russian governors resign as sanctions bite Russian Car Sales Drop Record 79% in April Amid Automaker Exodus Hungary to Only Agree to Russia Oil Embargo If Pipeline Excluded
(DBN)

Biden says White House could drop Trump China tariffs to lower consumer prices
(DBN)

U.S. importers turn to prayer and the President as West Coast port labor talks begin
(DBN)

Parents hunting for baby formula as shortage spans US Major U.S. retailers limit infant formula purchases on shortage FDA says it is "doing everything in our power" to improve baby formula supply
(DBN)

Sunflower oil prices skyrocket as Ukrainian farmers harvest amid Russian bombings
(DBN)

Senators Blast US Trade Chief for Failure to Consult Congress
(DBN)

U.S. producers undo years of efficiency gains in fight for supplies
(DBN)

US Chamber of Commerce Goes After Biden for 'Caution' in Trade Policy
(DBN)

Yellen Says Striking Down Abortion Rights Would Hurt US Economy Yellen trip to Capitol detours into tense abortion debate
(DBN)

Yellen points to hedge funds, unregulated cryptocurrency as sources of instability
(DBN)

Credit-Market Clashes Are Getting Uglier, Dirtier and More Common
(DBN)

New York leads the U.S. in population loss
(DBN)

Bank of America, JPMorgan, Goldman consider abortion travel policies
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage Originations by Credit Score and Age
(DBN)

Home Prices Continue Rise As Supply Dwindles
(DBN)

Buy a House? Now's Not a Good Time
(DBN)

U.S. Mortgage Rates Surge to Highest Level Since 2009
(DBN)

Partners Group to Buy US Rental Homes for Over $1 Billion
(DBN)

Renters are the overlooked victims of big investors
(DBN)

Money Managers Are Swooping In to Fill Manhattan's Office Void
(DBN)

South Florida Leads Ranking of Most Overvalued Rental Markets
(DBN)

Chicago landlord Tadros files for bankruptcy with $22M mortgage at stake
(DBN)

Debt-ridden Bel Air mega-mansion fails to nab $50M target at auction
(DBN)

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Municipalities:

Fitch maintains negative watch on Reedy Creek utility revenue bonds
(DBN)

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Oil/Gas:

Saudi Arabia warns that the world is running out of energy capacity: 'I have never seen these things'
(DBN)

Now It's Gasoline's Turn to Be Gripped by Supply Fears
(DBN)

U.S. Retail Gasoline Prices Hit New Record, as Refiners Struggle to Meet Demand Drivers bemoan high gasoline prices with no relief in sight Gas Prices Surpass $4 in Most U.S. States
(DBN)

The Call For Windfall Taxes On Energy Firms Is Growing
(DBN)

Oil drops as economic worries and strong dollar weigh Fears Of An Economic Slowdown Drag Oil Prices Lower
(DBN)

Fossil fuel 'boycott' law cited as underwriters dropped from Texas deal
(DBN)

Biden Fights States' Bid to Boost Oil Leasing on Public Lands
(DBN)

Williams CEO Puzzled as U.S. Northeast Burns More Oil for Power
(DBN)

Oil Tanker Stocks Get Hammered In Market-Wide Selloff
(DBN)

____________

Education:

KKK Pic Is Just the Tip of California School's Racism Rot, Students Say
(DBN)

Stanford University investigates noose in tree as hate crime
(DBN)

Economists crunch data from 2.1 million students in 10,000 schools — and issue stark warning on remote learning
(DBN)

DeSantis' Math Textbook Hoax
(DBN)

____________

Hedge Funds:

BlackRock's Star Trader Goes Net Short as Hedge Fund Loss Mounts
(DBN)

____________

Private Equity:

Leon Black's No Good, Very Bad Year
(DBN)

____________

Celebs:

'No Reasonable Jury Could Find That Mr. Musk Did Not Act Recklessly': Investors Notch Victory as Judge Knocks Tesla Co-Founder in Unsealed Ruling
(DBN)

____________

Solar:

Solar Probe 'Most Disruptive Event' for US Industry, Rystad Says
(DBN)

____________

Student Debt:

Student Loan Relief Should Come in Bankruptcy Court
(WSJ)

Janet Yellen says broad student-loan forgiveness 'could be good for the economy'
(DBN)

____________

Fitness:

Pandemic darling Peloton's cash-crunch warning pounds shares Peloton headwinds stiffen as people break pandemic routines
(DBN)

____________

Food/Beverage:

Prices Are Going Up So Fast at This Restaurant They're Using Stickers on the Menu
(DBN)

____________

Autos:

EV startup stocks Rivian, Lordstown plunge as Ford F-150 Lightning nears
(DBN)

Toyota Slumps on Pessimistic Outlook, 'Unprecedented' Costs
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (6 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)

Bankruptcy Statistics:

No More Fed Put: Corporate Distress Is Making a Comeback
(DBN)

______________

Mediation:

Compensating Mediators: Procedural Guidance From Sears v. Lampert
(DBN)

____________

Trustees:

The Important Role of the Chapter 7 Trustee in Helping the USTP Protect and Preserve the Integrity of the Bankruptcy System
(DBN)

____________

Aviation:

Analysis-Aircraft lessors gird to battle insurers over Russia jet default
(DBN)

No charges for Mike Tyson for punching airplane passenger
(DBN)

Lufthansa Apologizes for Blocking Orthodox Jews From Flight
(DBN)

SAA Remains a Financial Burden for South Africa, Treasury Warns
(DBN)

EU Eases Mask Guidance for Flights as Airlines Drop Covid Rules
(DBN)

Cathay Cash Burn Improves as Hong Kong Starts Easing Covid Curbs
(DBN)

Japan Hints Masks No Longer Needed Outside Ahead of Reopening
(DBN)

New Zealand to Fully Reopen Its Border At The End of July
(DBN)

Dutch Government agency fines 3 airlines for refusal to reimburse passengers after bankruptcy of travel organization
(DBN)

CargoLogic Germany declared insolvent
(DBN)

____________

Banking:

BofA Illegally Took Customers' Money, Charged Them For The Pleasure
(DBN)

____________

Corporate Governance:

Philips shareholders vote against executive compensation plan
(DBN)

____________

Labor:

Why unions are growing and shrinking at the same time
(DBN)

Democratic Senators Condemn Starbucks Over Response to Union Drive
(DBN)

____________

Politics:

Stock-Trading Ban on Track for Vote This Year, Schumer Says
(DBN)

Pence Rips Socially Conscious Investing, Wants to 'Rein In' ESG
(DBN)

Blue states move to protect abortion access without Roe
(DBN)

Mississippi Governor Confirms Pregnant People in His State Are Shit Out of Luck
(DBN)

GOP's midterm bet: Voters will care more about inflation than abortion
(DBN)

Susan Collins calls the cops over polite abortion message chalked outside home
(DBN)

Chicago Mayor Lori Lightfoot urges 'call to arms' against Supreme Court
(DBN)

Political reality: Congress can't save -- or end -- abortion
(DBN)

56% of Young Women Will Still Get Abortion
(DBN)

Sen. Bob Casey, anti-abortion Democrat, backs bill to codify abortion rights
(DBN)

McConnell tamps down chance abortion bill could pass GOP Senate
(DBN)

The great GOP divide on abortion
(DBN)

GOP fears far-right candidate will be PA governor nominee
(DBN)

Judge orders New York congressional primary delayed until August
(DBN)

Trump looks to notch more wins in GOP primaries in West Virginia, Nebraska
(DBN)

Esper says Trump wanted to reactivate McChrystal, McRaven to court-martial them over criticism Esper says he wouldn't vote for Trump in 2024: 'We need a new generation of Republican leaders'
(DBN)

Hawley introducing measure to strip Disney of copyright protections
(DBN)

Inside the Relentless Campaign to Ruin Madison Cawthorn
(DBN)

Republican lawmaker announces resignation from Congress following sexual misconduct claims
(DBN)

'Republican and more Republican': Idaho shifts ever rightward
(DBN)

____________

Sovereigns:

How Sri Lanka spiraled into crisis Sri Lanka anti-government protests continue despite curfew
(DBN)

____________

UK:

Ashurst and Travers Smith lead as Morrisons wins bidding war to rescue McColl's
(DBN)

Boris Johnson Warns He Can't Shield Britons From Cost-of-Living Crisis UK govt sets out big plans, but little cost of living relief
(DBN)

UK Threatens Unilateral Action on N. Ireland Brexit Deal EU Ready to Suspend UK Trade Deal If Johnson Revokes NI Protocol
(DBN)

____________

EU:

Draghi Says Ukraine War to Bring 'Drastic' Change to Europe
(DBN)

ECB's Villeroy Says Governments Must Tackle Debt as Rates Rise
(DBN)

ECB Can Start Considering Rate Hikes in July, Elderson Says
(DBN)

ECB's Nagel Says He'll Back First Interest-Rate Hike in July
(DBN)

European Gas Prices Rise as Flows Via Key Ukraine Route Stop
(DBN)

EU Must Speed Green Deal to Shut Out Russian Gas, CEOs Say
(DBN)

____________

Canada:

Key Developments in Canadian Insolvency Case Law
(DBN)

____________

Russia:

Russia Trains Missiles on Ukraine's Quiet Zone to Target Trade Russia pummels vital port of Odesa, targeting supply lines Biden revives WW2-era aid package Britain used to defeat Nazis for Ukraine UN receiving 'credible' information about Ukrainian troops torturing Russian prisoners, official says Putin could use nuclear weapon if he felt war being lost – US intelligence chief Putin 'likely' to impose martial law in Russia to support war effort: US intelligence chief US nonprofit says it rescued American held hostage by Russian forces in Ukraine U.S. intel: Putin preparing for "prolonged conflict" beyond eastern Ukraine Kissinger Predicts When Putin Will End Ukraine War
(DBN)

Senate resolution to urge Russia be designated state terrorism sponsor
(DBN)

Is Diplomacy Between Russia and the West Still Possible?
(DBN)

Shaping a Marshall Plan for Ukraine
(DBN)

House Set to Vote on $40 Billion Ukraine Aid Bill Tuesday Democrats Push for $5 Billion of Food Aid in Ukraine Package
(DBN)

Crucial NATO decisions expected in Finland, Sweden this week
(DBN)

Taiwan's Army Learning Lessons from Ukraine War, US General Says
(DBN)

____________

China:

China's Zero-Covid Policy Is Unsustainable, WHO Chief Says
(DBN)

Coronavirus: economic toll of China's latest outbreak '10 times more severe' than Wuhan in 2020
(DBN)

Shanghai re-tightens on COVID, frustrating trapped residents Shanghai disinfects homes, closes all subways in Covid fight Shanghai Reports No Community Spread as Infections Halve
(DBN)

Shanghai's Covid Lockdown Gets Tougher: 'If One Person Tests Positive, the Whole Building Isolates' Shanghai's Covid Lockdown Leaves Thousands Sleeping in Its Streets
(WSJ)

____________

Spain:

Spain's Economy Minister Walks Away From Photo Shoot Full of Men
(DBN)

____________

Germany:

Germany Poised to Become LNG Powerhouse With Law to Cut Red Tape
(DBN)

Germany May Already Be Mired in Stagflation, Senior Adviser Says
(DBN)

____________

India:

IBC Amendments Likely In Monsoon Session
(DBN)

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