May 18, 2022

The Daily Bankruptcy News

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Law:

Judge criticizes 'nasty litigation tactics' while sanctioning BigLaw firm
(DBN)

LeClairRyan Trustee to Settle UnitedLex Case for $21 Million
(DBN)

There's modest improvement in law student perceptions of distance learning, new report finds
(DBN)

Vinson & Elkins Embeds Career Coaches in Staff to Grow Talent
(DBN)

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

Stanford Law announces elimination of tuition based on family income Stanford Law Just Made It A Little Easier To Afford A Quality Education
(DBN)

After Roe Leak, Yale Law Students Call For Ostracizing Conservative Classmates
(DBN)

University of Maryland Law School Names Hutchins as New Dean
(DBN)

How Quickly Can Wachtell Get To $10 Million In Profits?
(DBN)

Make Way For The Country's Youngest Black Law School Graduate
(DBN)

Lawyer Brings The Sass In Celebrity Trial
(DBN)

Cyber attacks driving insolvency fears into businesses: Hiscox
(DBN)

Prosecutors say lawyer used clout to plant damaging information on Trump with FBI Sussmann's defense lawyer calls Durham prosecution an 'injustice' Fake Attorney General Opines On Fake Michael Sussmann Case... Questions DC 'Jury Of, Uh, You Know, Which, Uh....' Durham Prosecutor Kicks Off False Statement Trial by Accusing Michael Sussmann of Using FBI as a 'Political Tool' for Democrats 'This Case Is an Injustice': Michael Sussmann's Lawyer Suggests It's Absurd of Durham Probe Prosecutors to Say Client with Clear Political Ties Fooled FBI
(DBN)

Is the January 6 inquiry unprecedented? Jan 6 panel has no plans to call Trump Trump State Dept. official met with election conspiracy theory activists on Jan 6: report DOJ asks Jan. 6 committee for its transcripts: report
(DBN)

DOJ accuses casino tycoon and informal Trump adviser Steve Wynn of being a Chinese agent and lobbying the former president on behalf of China
(DBN)

Trump and his associates just had a very bad day thanks to a cascading series of Justice Department moves
(DBN)

'Corrective Action Required': Court Clerk Quibbles with Clinton Campaign Lawyers Over Signature Block Snafu in Trump RICO Lawsuit
(DBN)

Pro-Trump 'electors' in Wisconsin hit with first-of-its-kind lawsuit
(DBN)

Biden calls Buffalo shooting 'terrorism,' says 'white supremacy is a poison' In Buffalo, Biden mourns victims, says 'evil will not win' Biden in Buffalo vows 'white supremacy will not have the last word' Buffalo massacre puts spotlight on hate-filled website Buffalo shooting spurs congressional response Age-old racist theories have a new audience, and it's creating an 'evolving global danger' McConnell condemns Buffalo shooting; doesn't explicitly criticize replacement theory Democrats say GOP agenda 'fueled' by white supremacy Laura Ingraham Names 'The Real Accomplices' In Buffalo Mass Shooting
(DBN)

Schumer implores Fox News leaders to stop 'amplification' of 'replacement theory' White House says it won't criticize by name those spreading 'replacement theory'
(DBN)

A neo-Nazi idea to spark a race war inspired the Buffalo killings Buffalo suspect: Lonely, isolated -- and a sign of trouble Buffalo shooting suspect wasn't barred from purchasing firearms despite being reported under New York's red-flag law Why Didn't New York's Red Flag Law Work?
(DBN)

Even 'safe spaces' are no sanctuary from mass shooters
(DBN)

Buffalo shooting leaves neighborhood without a grocery store
(DBN)

Buffalo suspect considered attacking schools, churches, according to chat logs Buffalo suspect's posts on Discord about attack plans were visible to the public 30 minutes before mass shooting Former friend of Buffalo shooting suspect says it seems like he lived 'a double life'
(DBN)

Arizona GOP lawmaker spreads conspiracy theory that the Buffalo mass shooter was a federal agent MAGA Lawmaker Now Under Investigation for Claiming Buffalo Shooting Was False Flag
(DBN)

Biden preps high-stakes police reform executive order
(DBN)

Prosecutor won't rule out death penalty for California church shooter Suspect in Taiwanese church shooting charged with murder, tried to 'execute' as many as possible Pastor at Calif. church describes takedown of gunman, how wife helped Doctor who rushed gunman in church shooting hailed a hero
(DBN)

Dallas salon shooting is hate crime, suspect had 'panic attacks' around Asian people, police say
(DBN)

Court temporarily blocks Michigan's 1931 pre-Roe abortion ban 'Guarantees Conferred by Our Constitution': Michigan Court Blocks Enforcement of 1931 Abortion Ban in State if Roe Is Overturned
(DBN)

Oakland Poised to Become 'Sanctuary City' for Women Seeking Abortions
(DBN)

Public Opinion on Abortion
(DBN)

The Fight for Abortion Rights Is a Battle Over History
(DBN)

Abortion resistance braces for demands of a post-Roe future
(DBN)

America more interested in Depp-Heard trial than abortion
(DBN)

'Let's Remind You': Johnny Depp's Lawyer Presses Amber Heard on Late-Night Visit from James Franco Days Before Restraining Order Johnny Depp's Lawyer Scrutinizes Amber Heard's Sexual Assault Claims with Questions About MDMA, Carly Simon, and Clunky Rings Amber Heard says she never completed her pledged $7 million charity donations because Johnny Depp filed a $50 million lawsuit against her Amber Heard, Elon Musk, and a Multimillion-Dollar Mystery Amber Heard explains how she used a makeup kit to make sure the paparazzi wouldn't see bruises she says were caused by Johnny Depp Amber Heard says Johnny Depp hurt himself during fights by cutting his arms, holding knives to his chest and putting cigarettes out on himself Amber Heard's friend claims Johnny Depp said he could 'punch her in the face' after they were married Amber Heard Defends Her Op-Ed
(DBN)

South Carolina governor signs transgender athlete ban into law
(DBN)

Judge strikes down Tennessee's transgender bathroom sign law
(DBN)

Trump Judge Imagines Doctors Forced To Perform Gender Reassignment Surgery On Newborns In Ruling Blocking Trans Health Mandate
(DBN)

Federal judge blocks school from disciplining teacher if she outs transgender students to their parents
(DBN)

Cross-border tunnel length of six football fields found linking Tijuana, San Diego
(DBN)

Prosecutors Seek Death Penalty Against Texas Man Who Allegedly Murdered People as 'Sacrifices'
(DBN)

Brian Laundrie's parents defend their silence throughout Gabby Petito's disappearance: 'It is what most people would and should do'
(DBN)

'Needle in a haystack' evidence solves 1988 killing of California woman, authorities say
(DBN)

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Judges:

Hill Dems back-burner Ginni Thomas even as Supreme Court grabs national attention
(DBN)

Ketanji Brown Jackson Hires Clerks for First Supreme Court Term Supreme Court Clerk Hiring Watch: The Jackson Four
(DBN)

Supreme Court Seeks Lawyer: No Investigation Experience Required
(DBN)

Was it Ever Really Roberts' Court?
(DBN)

The day could be approaching when Supreme Court rulings are openly defied
(DBN)

DHS preparing for violence following abortion ruling
(DBN)

Supreme Court makes latest slice in McCain-Feingold's 'death by 1,000 cuts'
(DBN)

The Supreme Court just made it much easier to bribe a member of Congress
(DBN)

Judge's COVID-19 protocols violated defendant's right to a public trial, 9th Circuit rules
(DBN)

This federal appeals judge has hired only male law clerks, with one exception, since 1990, survey finds Federal Judge Hires Just ONE Woman Law Clerk In 30+ Years... Insists THERE'S NOTHING TO SEE HERE
(DBN)

New law toughens stock disclosure requirements for federal judges; separate ethics bill faces 'steep climb'
(DBN)

Forfeiting $300K To Advise SCOTUS On Ethical Rules They're Allowed To Ignore? SIGN ME UP!
(DBN)

Nothing Says 'Impartial Judge' Like Clarence Thomas Publicly Making Fun Of The Press
(DBN)

The Antiscience Supreme Court Is Hurting the Health of Americans
(DBN)

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Wall Street:

Stock futures fall as more companies warn about higher costs, Target shares crater
(DBN)

Dow rallies 400 points as market comeback from the year's lows gains steam
(DBN)

Stocks could fall a lot further
(DBN)

Wall Street Warns Market Liquidity Is Getting as Bad as 2020
(DBN)

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Layoffs:

Netflix lays off 'around 150 employees' amid slowing growth and subscriber losses
(DBN)

Ford-backed robotaxi start-up Argo AI is ditching its human safety drivers in Miami and Austin
(DBN)

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Food/Beverage:

Pizza has a delivery problem
(DBN)

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Coal:

U.S. coal companies struggle to cash in on Europe crunch
(DBN)

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Retailing:

Walmart profit falls, cuts outlook as fuel, labor costs bite
(DBN)

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Economy:

Fed's Bullard: Most pressing issue for Fed is inflation, labour market remains "super tight" Bullard: base case is for continued above trend U.S. growth, strong consumption Fed Has 'Good Plan' With Its Half-Point Rate Hikes, Bullard Says
(DBN)

The Fed's $2.7 trillion mortgage problem
(DBN)

Americans are more stressed about money than ever, and it's hurting our mental health
(DBN)

Inflation has squelched the optimists
(DBN)

Powell says the Fed will not hesitate to keep raising rates until inflation comes down Powell: Fed's fight against inflation may bring 'pain'
(DBN)

Market sell-off won't stop Fed's interest rate hike campaign
(DBN)

It's Not Clear If Fed Will Have to Induce a Recession to Control Inflation, Official Says
(DBN)

US manufacturing output rises more than expected in April Industrial Production Increased 1.1 Percent in April U.S. Factory Production Advances at Solid Pace for a Third Month
(DBN)

Elon Musk says we're in a recession. Here's what Wall Street thinks.
(DBN)

U.S. Treasury's Yellen and trade czar Tai at odds over China tariffs
(DBN)

The US dollar is at a 20-year high and that's raising risks for the global economy and financial stability, says Mohamed El-Erian
(DBN)

How higher borrowing costs hit corporate America
(DBN)

U.S. retail sales rise strongly; manufacturing output accelerates
(DBN)

US Consumers Power On, Though Borrowing Pickup Highlights Risk Hatzius Says Consumers Are Using Leverage for Spending
(DBN)

Motor vehicles boost U.S. business inventories in March
(DBN)

Gasoline Tops $4 a Gallon in Every US State for the First Time
(DBN)

Companies count the cost of ditching Russia Russia proposes new law to seize control over the assets of foreign companies The Swiss Connection: How Russia Is Weathering Tough Sanctions Russian roulette: the sanctions-compliance challenge Russia jumps to 4th position as oil supplier to India - tanker data Rouble reverses rally as Russia eases capital controls Europe is still confused about how to pay its Russian gas bills Putin: EU Ditching Russian Oil is Economic Suicide EU Says Opening Ruble Accounts for Russian Gas Breaks Sanctions EU sanctions against Russian oligarchs leave hundreds of workers jobless on Italian island, report says Ukraine has seized $420 million in assets belonging to a sanctioned Russian oligarch EU Weighs Tapping Seized Oligarch Assets for Ukraine Rebuilding Russian Oil Production Falls Almost 9% In April Amid Ukraine War US Seeks to Wean India From Russia Weapons With Arms-Aid Package Hungary Says Ditching Russian Oil to Cost at Least $810 Million Russia will likely be shut out permanently from global energy markets, top oil execs say 'World is against us': Russian military analyst gives damning assessment of Ukraine war on state TV As inflation slows and the ruble rallies, Russia is hoping to avoid a financial crisis
(DBN)

Biden-Bezos feud escalates Jeff Bezos and Joe Biden are having a really stupid fight about what causes inflation Former treasury secretary says Jeff Bezos is 'mostly wrong' in his criticism of Biden's handling of inflation
(DBN)

Here's the latest on the baby formula shortage Nestlé is flying baby formula into America as shortage continues Democrats Propose $28 Million for FDA to Bolster Baby Formula Supply House Democrats release $28M bill to address baby formula shortage FDA says it will take 'weeks' to deliver more baby formula to store shelves Pelosi warns baby formula shortage may trigger indictments The makers of Enfamil and Gerber baby formulas are sending partially full trucks and flying in formula from Europe as leading brand Similac struggles to resume production
(DBN)

Food protectionism is on the rise
(DBN)

The 10 best—and worst—cities to start a new career in 2022
(DBN)

The Most Profitable Companies in the World
(DBN)

Biden to Launch Indo-Pacific Economic Plan in Next Days in Japan
(DBN)

Apple Delays Plan to Have Workers in Office Three Days a Week Apple reportedly delays return-to-office plans, resumes masking
(DBN)

LA Port Traffic: Imports Steady in April
(DBN)

Just 2% of the richest Americans had their taxes audited in 2019, down from 16% in 2010
(DBN)

Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Best Places to Live in the U.S. in 2022-2023
(DBN)

The crazy housing market is finally slowing down
(DBN)

Thinking about selling your home? This may be the time
(DBN)

US Homebuilder Sentiment Tumbles by Most Since April 2020 NAHB: Builder Confidence Decreased to 69 in May, "Housing market is now slowing"
(DBN)

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Municipalities:

Gov. DeSantis (R-FL) tells FL to "not worry" about Disney's debt: "I have the biggest budget surplus we've ever had."
(DBN)

____________

Oil/Gas:

American oil is usually a cheaper option. Not anymore
(DBN)

The Real Reason Gasoline And Diesel Prices Are So High
(DBN)

California's gas average tops $6 per gallon as prices surge across the U.S.
(DBN)

High Gasoline And Diesel Prices Are Here To Stay
(DBN)

JP Morgan: $6 Gas May be Coming Nationwide
(DBN)

Car companies can't build enough electric cars to keep up with booming demand
(DBN)

Canada Can Boost Oil Output by 900,000 Barrels a Day, Kenney Says
(DBN)

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Religion:

Official Creditors Committee of Archdiocese of Santa Fe Reaches Settlement of Sexual Abuse Claims Against Archdiocese of Santa Fe Settlement reached in archdiocese bankruptcy case Archdiocese lawyer gives judge upbeat assessment of possible settlement New Mexico Catholic diocese forks out $121.5million to settle bankruptcy case caused by sex abuse scandal involving 375 victims against 74 priests in state
(DBN)

___________

Climate:

Earth Breaks 4 Climate Records in One Year
(DBN)

____________

Non-Profits:

Black Lives Matter paid nearly $4M to board secretary, co-founder's brother, and father of her child
(DBN)

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Agribusiness:

Express Grain Terminals: Examiner allowed access to documents
(DBN)

____________

Utilities:

Texas heat wave points to problems with congestion on power grid
(DBN)

ERCOT Told Power Plant to Put off Repairs
(DBN)

____________

Banking:

Warren Buffett's Berkshire Hathaway finally bails on Wells Fargo
(DBN)

____________

Student Debt:

Evan Spiegel and Miranda Kerr pay off student loans for Otis College graduating class
(DBN)

The Government Gave Out Bad Loans. Students Deserve a Bailout.
(DBN)

____________

Weddings:

Covid cut 2020 US wedding numbers to lowest since 1963
(DBN)

____________

Politics:

Pennsylvania governor race divides Republicans, unites Dems
(DBN)

Circus-Like Pennsylvania Senate Primary Heads Into Final Hours
(DBN)

Fetterman wins the Democratic primary for Pennsylvania Senate as Oz and McCormick remain neck-and-neck
(DBN)

Doug Mastriano, election denier endorsed by Trump, wins GOP primary for governor in Pennsylvania
(DBN)

Prominent lawmaker in racial justice protests lags in Kentucky Dem primary
(DBN)

The GOP's angry midterm rhetoric
(DBN)

Trump works overtime to push Dr. Oz over the finish line
(DBN)

Company buying Truth Social warns investors about Trump business failures There's an amazing new rap sheet on Trump
(DBN)

These 7 states will decide control of the Senate
(DBN)

Carlson seeks distance from Buffalo shooting
(DBN)

Meghan McCain slams Tucker Carlson for 'eyepatch McCain' quip about Dan Crenshaw
(DBN)

Trump says he's been told Cheney 'worse than any Democrat' on Jan. 6 panel
(DBN)

U.S. Rep. Cawthorn lags behind competitors in primary campaign ad spending Madison Cawthorn loses primary, concedes to Chuck Edwards in North Carolina
(DBN)

GOP state senator in New Jersey introduces 'Don't Say Gay' bill
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 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:

Bankruptcy Filings Continue Steady Drop
(DBN)

Business and non-business bankruptcy filings for the 12-month period ending March 31, 2022 Bankruptcy data for the twelve-month periods ending in March 2021and March 2022 Fourth quarter filings Filings by month Bankruptcy filings by county
(DBN)

______________

Mass Torts:

Bankruptcy: The BEST Way To Address Mass-Tort Claims Against Johnson & Johnson (In re LTL)
(DBN)

New Documents Show How Drug Companies Targeted Doctors to Increase Opioid Prescriptions
(DBN)

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Litigation:

Q&A: Insolvency litigation in 2022
(DBN)

____________

Insurance:

Florida Law Requires Post-Mortem on Insolvent Insurers, But Few Reports Available
(DBN)

____________

Aviation:

Aviation Chapter 11 Cases Take Flight
(DBN)

United Airlines turns a corner
(DBN)

Surack acquires helicopter manufacturer
(DBN)

Germany's Tel Aviv Air enters insolvency, suspends flights
(DBN)

FAA to let United use jets grounded after engine failure
(DBN)

Jet Airways 2.0 likely to get air operator's permit this week
(DBN)

Outlook brighter for cash-strapped THAI
(DBN)

____________

Tech:

Twitter's account of deal shows Musk signing without asking for more info A timeline of the Musk-Twitter deal so far Musk: Twitter deal at lower price "not out of the question" Elon Musk calls on SEC to evaluate Twitter user numbers Twitter loses three more senior employees ahead of Musk deal Options traders skeptical of Elon Musk's Twitter deal crossing the finish line Musk met Twitter execs for 3 days before his bid, unclear if they discussed bots Musk Seen by Market Pros as Winning Twitter Deal at Lower Price Twitter's Board Recommends Shareholders Vote to Approve Musk Deal Twitter plans to enforce $44 billion sale to Elon Musk Elon vs. the Twitter bots
(DBN)

Elon Musk Has a Bigger Problem Than Twitter Bots: A Huge Debt Burden
(DBN)

____________

Financial Literacy:

Mapped: Personal Finance Education Requirements, by State
(DBN)

____________

Crypto:

Small players lose faith in crypto after sell-off
(DBN)

The crypto Fear and Greed Index hits lowest level since March 2020, showing 'extreme fear' as Bitcoin price hovers around $30,000. But many are buying the dip
(DBN)

What the Hell Just Happened with Crypto?
(DBN)

____________

Retailing:

Retail sales rose 0.9 percent in April Retail sales jump as prices soar at fastest pace in 40 years
(DBN)

Target shares sink more than 20% after company says high costs, inventory woes hit profits
(DBN)

Walmart sounds the inflation alarm, shares tumble World's Richest Family Loses $17 Billion in Walmart Wipeout
(DBN)

Thrifting is the new normal
(DBN)

Two Years After Filing for Bankruptcy, Century 21 Will Reopen Its NYC Flagship Store Next Year
(DBN)

Wayfair Freezes Hiring for 90 Days Citing Economic Uncertainty
(DBN)

____________

Sports:

UEFA Puts Plans for European Football Rescue Fund on Hold
(DBN)

____________

Corporate Governance:

JPMorgan shareholders reject special payout to CEO Dimon JPMorgan investors give Dimon a rare rebuke with downvote of $52.6 million bonus
(DBN)

____________

Communications:

Communications tech company Pareteum approved to tap bankruptcy loan
(DBN)

____________

Healthcare:

U.S. Officially Surpasses 1 Million Covid-19 Deaths
(DBN)

FDA clears COVID booster shot for healthy kids ages 5 to 11
(DBN)

Pennsylvania AG Shapiro tests positive for Covid-19 on primary election eve
(DBN)

New Yorkers advised to wear masks indoors as city's COVID alert level raised to high
(DBN)

Seniors see spike in drug-related deaths
(DBN)

North Korea has an "explosive" COVID outbreak and 0% vaccination rate
(DBN)

Five things to know about long COVID
(DBN)

Mom undergoes emergency surgery after swallowing COVID test
(DBN)

Axios-Ipsos poll: 1 in 3 say the pandemic's over
(DBN)

____________

Fraud:

The SEC just charged a US subsidiary of investment giant Allianz in a multibillion dollar fraud scheme that targeted pensions and other investors Allianz Unit to Plead Guilty, Pay Billions Over Hedge Fund Loss
(DBN)

____________

History:

The Ugly Backlash to Brown v. Board of Ed That No One Talks About
(DBN)

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Sovereigns:

US Set to Block Russian Debt Payments, Raising Odds of Default Russia faces a full block on dollar bond payments as a key US sanctions waiver is expected to expire — putting Moscow closer to a historic default: report
(DBN)

Censure vote vs. Sri Lankan leader fails as crisis simmers
(DBN)

____________

UK:

UK Unemployment Dips But Wages Hit By Inflation
(DBN)

UK Government Pushes Back at BOE's Bailey Over Cost of Living
(DBN)

UK Plans Law to Override Brexit Deal as Talks With EU Falter
(DBN)

Auditing Giant KPMG Fined $18M Linked to Carillion Bankruptcy
(DBN)

____________

Canada:

Sale proceeds held in trust can be claimed as debt payment, finds Canadian court
(DBN)

____________

Russia:

U.S. launches program to capture, analyze evidence of Russian war crimes in Ukraine War Crimes Watch: Targeting schools, Russia bombs the future WHO says Russian attacks on health facilities in Ukraine must be investigated The staggering amount of US military aid to Ukraine, explained in one chart G-7 Crafts Ukraine Aid Package as Yellen Calls for Marshall Plan A Ukrainian mother said Russian soldiers left a grenade in her daughter's piano before deserting their Bucha home Ukraine hopes to swap steel mill fighters for Russian POWs
(DBN)

'Astonishingly weakened' Putin fidgets manically in video – as expert claims he's suffering from 'chemo brain'
(DBN)

What Turkey Wants From Sweden and Finland in NATO Expansion Spat Turkey's Erdogan hints he'll hold Finland and Sweden's NATO bids hostage unless he gets concessions Erdogan says Swedish, Finnish delegations should not bother coming to Turkey NATO chief hails 'historic moment' as Finland, Sweden apply How Putin's war in Ukraine backfired and fueled NATO's Nordic expansion
(DBN)

An Arctic town freezes ties with Russia
(DBN)

____________

China:

Beijing's retail, industry upended by COVID restrictions
(DBN)

Steel Demand Is Taking A Beating As China Lockdowns Persist
(DBN)

____________

Venezuela:

U.S. to ease a few economic sanctions against Venezuela
(DBN)

____________

India:

Over 20,000 Bankruptcy Petitions Withdrawn
(DBN)

The clock stops ticking - the interplay of the law of limitation and the Insolvency and Bankruptcy Code
(DBN)

____________

Netherlands:

Recovering payments made from bank account after bankruptcy date
(DBN)

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