May 12, 2022

The Daily Bankruptcy News

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Law:

Law firm profitability 'dropped markedly' in first quarter amid 12% hike in associate compensation
(DBN)

Cravath Loses Another Dealmaker, This Time to Kirkland & Ellis
(DBN)

Biglaw Firms Want Summer Associates Working In Person -- Which Means Lawyers Need To Show Up, Too
(DBN)

Big Law Gender Bias Policies Net Women Paltry Gains
(DBN)

Law Schools Are Bringing Out The Best Legal Names As Speakers For In-Person Graduation Ceremonies
(DBN)

Are more law schools needed in areas where InfiLaw campuses closed?
(DBN)

Willkie's Houston Office Faces Uphill Climb to Rebuild Losses
(DBN)

Want More Lawyer Diversity? Sure, Axe The LSAT, But The Real Problem Is Inside The Profession
(DBN)

Ex-Trump Attorney John Eastman suggested Pennsylvania lawmakers 'simply' delete vote totals to overturn the 2020 election Trump Lawyer John Eastman Used Not One But TWO Work Emails To Plot A Coup
(DBN)

'A Lengthy Jumble of Incorrect Statements of Fact': Fusion GPS Swings at Donald Trump's Massive Russia-Focused RICO Suit
(DBN)

Former Florida Bail Bondsman Serving 18 Months on Federal Gun Charges Will Spend More Time Behind Bars for Jan. 6 Capitol Breach 'I Believe I'm Innocent': Plea Agreement Hearing for Right-Wing Livestreamer 'Baked Alaska' Goes Up in Flames As He Declares His Innocence, Says Feds Pressured Him to Plea Feds Hint at Consummating Plea Deal with Accused Jan. 6 Assailant Turned In by Match on Bumble Dating App Top Oath Keeper's Call for Violence Revealed
(DBN)

Vanky, DJ, And Their Dad Get Chilly Reception In New York Appeals Court
(DBN)

Judge says Trump contempt ruling lifted if he pays $110K, give more info
(DBN)

Appeals court questions Trump's effort to block NY AG subpoena
(DBN)

Justice watchdog staffer resigned amid leak probe over Trump family separation report
(DBN)

The Decline of a Democratic Superlawyer
(DBN)

Immigration officials are spying on majority of Americans, report shows
(DBN)

AI surveillance cameras now being used to detect potential threats
(DBN)

Migrant families separated under Trump face elusive quests for reparations under Biden
(DBN)

GOP leader: Republicans will 'move day one' to enact federal abortion law after Supreme Court ruling
(DBN)

She left Texas to get an abortion: a glimpse of a post-Roe world
(DBN)

Red states plan special sessions to target abortion
(DBN)

Lawyer pursued future pain compensation for client who had died, ethics complaint says
(DBN)

Amber Heard Plans to Call Johnny Depp, Actress Ellen Barkin When Trial Defamation Resumes
(DBN)

Body camera footage contradicts sheriff's account of how deputies acted on Delaware State lacrosse bus
(DBN)

Man Strangled Girlfriend to Death, Then Had a Fatal 'Cardiac Event' While Burying the Body: Sheriff
(DBN)

Felon sentenced for possession of 3D printed 'ghost guns'
(DBN)

NYC Mayor Defends Police, Blames Illegal Guns for Crime Surge
(DBN)

Texas' social media law is what real censorship looks like
(DBN)

______________

Judges:

Judges most Americans ignore will decide your right to abortion if Roe falls
(DBN)

Latest SCOTUS Leak Confirms It's All About Manipulation
(DBN)

Supreme Court Unveils New Doctrine Of 'Stare 5-Voticus'
(DBN)

Legal expert identifies a 'fatal flaw' in Alito's leaked draft
(DBN)

Scholar Explains History of Supreme Court Leaks and Why He Feels Chief Justice Roberts Presides Over an 'Accountability-Free Zone'
(DBN)

Republican senator's push to arrest abortion protesters meets GOP resistance
(DBN)

After 30 Years of Turning Abortion Clinics Into War Zones, Now You Want "Civility"?
(DBN)

Supreme Court Ethics Code Mandate Advances in House
(DBN)

Roberts may face roadblocks in probe of Roe leak, reporter who published it says
(DBN)

Harvard Law's Laurence Tribe Says What We're All Thinking About The Supreme Court
(DBN)

Will Supreme Court adopt high-tech tools to fight security breaches?
(DBN)

Majority now disapproves of Supreme Court's performance in wake of abortion leak: poll
(DBN)

Where are the other draft opinions in SCOTUS abortion case? So far, there are none, report says
(DBN)

Carl Bernstein says Clarence Thomas has no standing to chide protesters after wife's election scheme
(DBN)

Five times Congress overrode the Supreme Court
(DBN)

Biden encourages people to violate the law by protesting at justices' homes House GOP says protesting outside justices' homes is illegal Hoyer promises quick action on bill to boost security for justices' families
(DBN)

______________

Wall Street:

Stock futures decline as Wall Street struggles for rebound after hot inflation report
(DBN)

US stocks fall in volatile session after inflation in April eases by less than expected
(DBN)

Stock Turmoil Spreads to Junk Bonds, Hurts Deals
(DBN)

______________

Layoffs:

Michael's plans to lay off 200 Fort Worth workers
(DBN)

______________

Labor:

Target employees at Virginia store file for union election, joining broad labor push
(DBN)

____________

History:

Hundreds of Native American children died in Indian boarding schools, report finds
(DBN)

____________

Crypto:

Bitcoin drops below $27,000 level as crypto sell-off continues
(DBN)

Coinbase Lets Users Know What a Bankruptcy Could Mean for Their Crypto
(DBN)

Coinbase Tumbles to Record Lows as Crypto Meltdown Deepens
(DBN)

As crypto market awaits rescue.
(DBN)

Crypto Investors Are Likely Paying Less Than Half the Taxes They Owe
(DBN)

Crypto Billionaires' Vast Wealth Destroyed in Weeks Amid Turmoil
(DBN)

More Than $200 Billion Wiped Off Cryptocurrency Market in a Day
(DBN)

Dark days in crypto world
(DBN)

____________

Agribusiness:

Wheat Crops Almost Everywhere Are Coming Under Threat
(DBN)

____________

Student Debt:

Why there's a unified movement to cancel student loans but not credit card debt or mortgages
(DBN)

Fixing Student Loans For Real
(DBN)

I Already Paid Off My Student Loans, And I'm Fine With A Student Loan Bailout
(DBN)

Student Loan Forgiveness Should Come With Conditions
(DBN)

____________

Tech:

Tesla's stock slide raises doubts about Elon Musk's Twitter purchase
(DBN)

____________

Healthcare:

Hospital Labor Costs Soar by More Than a Third During Pandemic
(DBN)

Pandemic Side Effects Becoming Serious Health Issues
(DBN)

Deaths from COVID begin to rise again
(DBN)

Why some of Biden's top doctors are wearing masks in "low" COVID areas
(DBN)

What if Delaware disappeared? 1 million Covid-19 deaths explained in 4 charts.
(DBN)

Medical debt is down, new research shows. That trend soon could shift
(DBN)

Drug-Overdose Deaths Reached a Record in 2021, Fueled by Fentanyl
(WSJ)

Growing share of Covid-19 deaths are among vaccinated people, but booster shots substantially lower the risk
(DBN)

Staffing shortages slam hospitals
(DBN)

Medical education of abortion could be erased in red states
(DBN)

Doctors:: Abortion Access is Health Care
(DBN)

____________


Economy:

BLS: CPI increased 0.3% in April; Core CPI increased 0.6% Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs US inflation slowed last month for the first time since August U.S. consumer price gains slow but inflation still hot April US CPI cools, signals mixed on peaking inflation New inflation data is out—here's what it says about the U.S. economy right now Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.4% in April High inflation: Products that had significant price spikes in April
(DBN)

Egg Prices Surge in US Inflation Data as Bird Flu Wipes Out Hens
(DBN)

Airfare inflation is the new used car inflation
(DBN)

What Peak? US Inflation Data Show Still-Torrid Price Pressures
(DBN)

Biden Takes Aim at Easing Farm Costs After Gloomy Inflation Data
(DBN)

Fed Hit With New Pressure to Be Aggressive After Hot Price Gains
(DBN)

Fed's Bostic Backs 'Moving More' on Rates If Inflation Persists Fed Should Hike to 5% or Higher to Curb Inflation, Dudley Says
(DBN)

US Budget Deficit Shrinks by $1.6 Trillion on Record Tax Surge
(DBN)

Where CPI inflation isn't so high
(DBN)

Is a recession coming in the next 12 to 18 months?
(DBN)

How fast does inflation cut buying power? Here's a simple guide
(DBN)

U.S. household strength may prolong Fed's inflation fight
(DBN)

Why US gas prices are at a record, and why they'll stay high for a long time
(DBN)

U.S. online prices dropped, spending slowed in April - Adobe
(DBN)

More Americans are living paycheck to paycheck as inflation continues to climb
(DBN)

Skipping meals. Racking up debt. How inflation is squeezing single parents
(DBN)

Phoenix, Atlanta Once Again Top Inflation Ranks of Major Cities
(DBN)

Work-from-home stocks are getting crushed
(DBN)

1 in 3 would choose their pet over their house or spouse!
(DBN)

War and Weather Sent Food Prices Soaring. Now, China's Harvest Is Uncertain.
(DBN)

Overturning Roe could reverse economic gains
(DBN)

Russian Rouble Surges Past 67 Vs Dollar, Stocks Mixed Italy Sees Russian Gas to Keep Flowing as Ruble Accounts Opened Factbox-Companies sell their businesses in Russia Russian importers seek deals with India's smaller firms to sidestep sanctions The EU Has A Major Problem With Securing Non-Russian Gas Lavrov Says Russia Has Enough Energy Buyers Apart From West Russia's economy to start stabilising in 'new equilibrium' near year-end -central bank US, EU Plan to Pledge Supply-Chain Cooperation to Counter Russia Russian Weekly Inflation Eases as Sanctions Squeeze Consumer Siemens to leave Russia due to Ukraine war, take hefty charge On Norway's Arctic border with Russia, a town freezes ties with its eastern neighbor Russia Cuts Gas Supplies to Gazprom Unit Seized by Germany Ten More European Gas Buyers Open Ruble Accounts for Payments Russia Oil Revenue Up 50% This Year Despite Boycott, IEA Says
(DBN)

Elon Musk says Americans 'are trying to avoid going to work at all,' unlike Chinese workers who 'will be burning the 3am oil'
(DBN)

Why Janet Yellen Says Banning Abortion Would Hurt The Economy
(DBN)

High inflation points to bigger Social Security cost-of-living adjustment in 2023
(DBN)

Black and Hispanic Americans, those with less education are more likely to fall out of the middle class each year
(DBN)

Bill Ackman, Peter Thiel back investment firm taking on 'woke' capitalism
(DBN)

Only 8% of Manhattan office employees are back five days a week: survey
(DBN)

China implores US to drop tariffs that punish Americans and Chinese alike
(DBN)

Inflation Forcing Hedge Fund Manager's Wife To Iron Own Clothes, Use More Cabs, Shop At Farmers' Market
(DBN)

Apple is no longer the world's most valuable company
(DBN)

Economist who predicted 2008 financial crisis says 'U.S. economy is about to shut down'
(DBN)

Business Owners Waited Years for Covid Loans—and Now It's Too Late
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

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

Average U.S. mortgage interest rate rises to 5.53%, applications up
(DBN)

Why you should care about falling lumber prices
(DBN)

Cost-of-living increase: Miami locals blame New Yorkers for soaring rents
(DBN)

Victims of Surfside condo collapse reach nearly $1 billion settlement
(DBN)

Home Equity Surges in 10 Emerging US Metro Areas
(DBN)

____________

Municipalities:

A Greater Detroit
(DBN)

____________

Oil/Gas:

US Oil Pipeline Operators Gear Up for Higher Shale Output
(DBN)

NYC Billionaire Catsimatidis Warns of Looming East Coast Diesel Rationing
(DBN)

Recession Fears Loom Large Over Bullish Oil Market
(DBN)

US Oil Output Slips as Higher Costs Hit Drillers
(DBN)

Europe's Snub of Russian Oil Opens Door for OPEC's Minor Players
(DBN)

The NOPEC Bill Could Send Oil Prices To $300
(DBN)

Biden administration cancels 3 major offshore oil lease sales
(DBN)

Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal
(DBN)

Oil Has Two Messages for the World — Both Bad
(DBN)

____________

Mass Torts:

After Sandy Hook families argue 'no grounds justify' Alex Jones' bankruptcies, a judge will hear their case
(DBN)

Boy scout case could change large bankruptcy cases forever
(DBN)

____________

Sports:

NBA teams hike ticket prices as attendance drops, internal data shows
(DBN)

____________

Food/Beverage:

Menu price inflation at full-service restaurants hit a record in April
(DBN)

____________

Corporate Reform:

Wall Street watchdog to ramp up scrutiny of risky derivative products
(DBN)

____________

Corporate Governance:

Shareholders subjected the female CEO of insurance giant Aviva to multiple sexist comments at AGM that left board chair 'flabbergasted'
(DBN)

____________

Fitness:

Peloton took $182 million impairment charge last quarter as inventories piled up
(DBN)

Peloton shares plunge after CEO admits company 'thinly capitalized'
(DBN)

____________

Retailing:

Amazon stock has lost nearly all of its gains from the pandemic
(DBN)

____________

Hotels:

Trump D.C. hotel closes after $375 million sale to Miami investor group
(DBN)

____________

Autos:

Toyota warns profit to skid 20% as raw materials costs pile up
(DBN)

____________

Climate:

Spring Heat Wave to Smash Records in the South, Parts of the Midwest Into Late Week
(DBN)

The Biggest Potential Water Disaster in the United States
(DBN)

Snowpack melting at near-record pace in southern Colorado
(DBN)

US fracking boom could tip world to edge of climate disaster
(DBN)

Beachside homes collapse from rising waters on North Carolina's Outer Banks
(DBN)

____________

 


New Bankruptcy Opinions
(3 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 (17 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)

Avoidance Actions:

How The Tribune Cases Will Affect Fraudulent Transfer Claims
(DBN)

____________

Bankruptcy Remoteness:

Creditors Ask Court to Enforce Bankruptcy Blocking Provision and Approve Creditor Created Plan During Exclusivity Period in PWM Management
(DBN)

____________

Indentures:

Protecting Ma And Pa: Bond Workouts And The Trust Indenture Act In The 21st Century
(DBN)

____________

Aviation:

LATAM Airlines says almost all creditors support reorganization plan
(DBN)

Most Want Masks Worn on Airliners
(DBN)

Boeing Says Supply Chain Disruptions Hit 737 MAX Production
(DBN)

A California mom says she felt 'humiliated' after TSA barred her from bringing ice packs on a plane to keep her breast milk cool during a 5-hour flight
(DBN)

Garuda Indonesia requests third debt restructuring extension
(DBN)

Dubai Airports Posts Best Quarter in Two Years as Travel Surges
(DBN)

____________

Tech:

Fear and Loathing Return to Tech Start-Ups
(DBN)

____________

Gambling:

What inflation? US casinos have best month ever, winning $5.3bn
(DBN)

____________

Celebs:

Venus & Serena's Father Richard Hit With Subpoena As Part Of Estranged Wife's Bankruptcy
(DBN)

The Free Speech Billionaire™ Sues Tesla Critics in China
(DBN)

____________

Politics:

Blow to The Don: Pillen wins Nebraska gov primary Donald Trump Is Losing More Primary Races Than He'd Like You to Know Pro-Trump Election Deniers Lose in Nebraska Republican Primaries
(DBN)

In an Uphill Year, Democrats of All Stripes Worry About Electability
(DBN)

These 10 senators are most vulnerable six months from Election Day
(DBN)

White House Ties Republicans to a Tax-Hike Plan Disowned by GOP
(DBN)

Lindsey Graham is heard praising Joe Biden as the 'best person' to lead the country in new audio while he was waiting in a 'secure location' during Jan. 6 riot
(DBN)

Top Democrats jockey for 2024 presidential campaign position
(DBN)

Biden calls Trump the 'great MAGA king,' bashes Scott's tax plan
(DBN)

Manchin to vote "no" on Senate Democrats' abortion access bill amid fallout from draft Supreme Court opinion
(DBN)

Key vote to protect access to abortion fails in the Senate Republicans and Joe Manchin block Democrats' bill codifying Roe v. Wade's abortion rights protections Biden slams Senate Republicans for standing 'in the way of Americans' rights' after the GOP blocked a bill codifying Roe v. Wade
(DBN)

Battle lines harden as Senate prepares to take doomed vote on abortion rights
(DBN)

Scalise says Republicans will take up Born-Alive Act on 'day one' if GOP wins House majority Mitch McConnell says Senate Republicans couldn't pass abortion ban
(DBN)

Blue states want to become abortion safe havens. It will cost them.
(DBN)

Here's What Blue States Have Pledged With Roe v. Wade in Flux
(DBN)

Newsom unveils plan to increase funding for abortion access in California
(DBN)

Protestors Double Down on Leaving Maine Senator Collins Chalk Drawings
(DBN)

Trump-backed W.Va. primary winner: Manchin support 'certainly didn't help' opponent
(DBN)

Florida judge strikes down part of DeSantis House map
(DBN)

Biden's personal recovery plan: Pump up unions, squeeze Big Business
(DBN)

____________

Sovereigns:

Sri Lanka's economy on brink of collapse as troops quell unrest Sri Lanka's president vows to give up powers to 'stop country from falling into anarchy' Sri Lankan president to appoint new PM, cabinet this week Gotabaya Rajapaksa speech fails to reassure as crisis grows The Sri Lankan state is using violence to unleash fury on its citizens, as its political and economic crisis deepens Efforts on to form government in Sri Lanka to avail of IMF bailout Explained: How Sri Lanka fell into its worst economic crisis & what's next How one powerful family wrecked a country Sri Lanka Business Groups Want President Gone as Crisis Worsens
(DBN)

IMF Mission in Tanzania for Talks on $1 Billion Funding Request
(DBN)

____________

UK:

BOE's Ramsden Says Inflation Risks Mean More Rate Hikes Needed
(DBN)

UK Economy Unexpectedly Shrinks in March as Consumers Cut Back
(DBN)

UK Faces Unique Inflation Shock, Former BOE Official Says
(DBN)

UK Households Aren't the Only Ones Worried About Inflation
(DBN)

U.K. Police Say More Than 100 Face 'PartyGate' Fines
(DBN)

UK economy 'only going to get worse' as growth slowdown begins
(DBN)

Lawmaker Says UK Doesn't Need Food Banks, People Just Can't Budget
(DBN)

Director of Failed U.K. Energy Supplier Applies for New License
(DBN)

UK, EU Fail to Close Gaps Over Northern Ireland in Brexit Call
(DBN)

____________

EU:

ECB's Kazimir Adds to Growing Support for Rate Hike in July
(DBN)

____________

Canada:

Laurentian plans to seek creditor protection extension beyond the end of this month Laurentian faces numerous court cases related to insolvency
(DBN)

____________

China:

Chinese developer Sunac misses bond coupon payment as grace period ends Chinese developer Sunac misses bond repayment, expects to miss more
(DBN)

China surrounds Taiwan for massive invasion 'rehearsal' drills
(DBN)

China won't have a 'normal' economy without tackling Covid first: Chinese official
(DBN)

China may chalk up more debt as lockdowns hit the economy
(DBN)

China's White Knight Tycoon Can't Save His Own Firm From Default
(DBN)

____________

Russia:

As Russia faces apparent setbacks around Kharkiv, Ukraine's forces entrench in eastern cities and brace for battle Russian ships taking stolen Ukrainian grain to Syria: Ukraine Ministry of Defense The costs of Russia's war in Ukraine — from Kharkiv to Khartoum Urgency mounts for U.S. answer to Russian blockade Retreating Troops Leave Putin's Ukraine Plans Behind
(DBN)

Russia is forcing Ukrainian citizens in a captured city to use the ruble and use the Russian internet, report says
(DBN)

Ukraine Says Return to Normal Gas Flows Depends Solely on Russia
(DBN)

Nearly 5 million jobs lost in Ukraine as war pummels economy - ILO
(DBN)

Finland's leaders urge NATO bid 'without delay'
(DBN)

Ukraine Finance Minister Forecasts 45% GDP Drop, Committed To Servicing Debt
(DBN)

Americans' Concerns About War in Ukraine: Wider Conflict, Possible U.S.-Russia Clash
(DBN)

____________

Africa:

Africa Faces Unrest as Thumping Food Prices Hit It Hardest
(DBN)

____________

India:

Insolvency Law: Decree Holder Not At Par With A Financial / Operational Creditor
(DBN)

____________

South Korea:

South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases
(DBN)

____________


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