May 19, 2022

The Daily Bankruptcy News

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Law:

Top 50 Biglaw Firm 'FINALLY' Hands Out Raises To Associates
(DBN)

Lights Out: Is there a way back for international law firms in Russia?
(DBN)

Womble Bond Dickinson Adds Leading Bankruptcy Partner in Delaware
(DBN)

Law school to pay bulk of its in-state Native American students' tuition
(DBN)

How to develop and keep associates? BigLaw firm tries embedding career coaches
(DBN)

Remote Lawyers at Risk of Falling Behind if Big Law Demand Drops
(DBN)

When Are Lawyers In Their Prime?
(DBN)

Harvard Law Students And Grads Secure Needed Reform To School's Public Interest Funding Plan
(DBN)

Over 23K People Compromised By Data Breach At Mid-Sized Firm... In Case You're Wondering How Bad These Can Get
(DBN)

DOJ transcript request shows criminal probe of Trump allies just moved into the open: legal expert US Justice Department Seeks Transcripts From Jan. 6 House Panel Mullin legislation would expunge Trump Jan. 6 impeachment GOP Brain Trust Comes Up With Genius Plan To Un-Impeach Donald Trump Lawyer for Proud Boys Leader Enrique Tarrio Says Documentary Crew Video Doesn't Support Keeping His Client Behind Bars Man Who Told Bumble Match He 'Did Storm the Capitol' on Jan. 6 Learns His Fate
(DBN)

Top Clinton campaign attorney Mac Elias takes stand at trial of former colleague Testimony: Clinton team did not approve lawyer's FBI meeting
(DBN)

Plaintiffs Suing Trump Family Over Alleged Pyramid Scheme Will Get Certain Documents; Trump Lawyers Say Requests Are 'Going So Far Afield'
(DBN)

Ex-cop pleads guilty to manslaughter in George Floyd's death
(DBN)

Buffalo is latest mass shooting by gunman wearing body armor
(DBN)

Gov. Hochul orders New York State Police to create new unit to fight hate speech online Buffalo shooting suspect's social media investigated by New York attorney general
(DBN)

Buffalo shooting suspect allegedly detailed animal abuse in writings
(DBN)

Failed gun legislation is the norm after mass shootings
(DBN)

House passes domestic terrorism bill after Buffalo shooting
(DBN)

Manchin throwing a wrench into Democrats' push for broader gun control Senate GOP resists calls for gun control after Buffalo shooting
(DBN)

Johnny Depp laughs in court as Amber Heard says he's not an 'accurate historian' of what happened when he was drinking during a fight Amber Heard's former friend says Johnny Depp would get 'misogynistic and cruel' under the influence of alcohol and cocaine Amber Heard's friend says Johnny Depp told him about blacking out and passing out face first in the sand in the Bahamas and staff having to whisk his kids away She showed up 'sobbing' Depp made Heard cry before most of her acting classes Why Johnny Depp's lawyer is getting viral attention Johnny Depp's Pugnacious Lawyer Ranked Among the 'Ones to Watch.' Then, Millions Saw Her Go Toe-to-Toe Against Amber Heard. Amber Heard's Sister Acknowledges That She 'Regrettably' Joked with Johnny Depp About Domestic Abuse
(DBN)

At Pimco, It Isn't Just Women Suing Over 'Fraternity' Culture
(DBN)

Antiabortion forces split over bills to prosecute those who get procedure
(DBN)

Will philanthropists step up in a world without Roe?
(DBN)

Benjamin Franklin gave instructions on at-home abortions in a book in the 1700s
(DBN)

Turns Out Abortions are Allowed in Judaism
(DBN)

'Last Line of Defense': Meet the Woman Organizing Nearly 70 AGs and DAs Who Won't Prosecute Abortion Cases if Roe Is Overturned
(DBN)

Judge cites challengers' religious beliefs in blocking transgender health care requirements
(DBN)

Lawmakers Press DOJ Over Backlog of Clemency Petitions
(DBN)

Illegally jailed at the Bronx Zoo? Court to weigh Happy the elephant's rights
(DBN)

KFC employee saves kidnapped woman who left desperate note
(DBN)

Coffee bar customer calls police over price of espresso
(DBN)

'I Did Not Do It': Federal Court Vacates Murder Conviction of Woman Who Was Dubbed 'Black Widow' After Real Estate Mogul Husband's 1994 Death
(DBN)

FL: Man Cooked Alive by Cops at Gas Station
(DBN)

Virginia Grandparents Indicted on Murder Charges After Rottweiler Mauls 7-Year-Old Girl to Death
(DBN)

______________

Judges:

SEC Judges' Constitutional Cloud Darkens After Appeal Ruling
(DBN)

Samuel Alito: One Angry Man
(DBN)

U.S. readies for possible violence after abortion ruling -report
(DBN)

Elizabeth Warren: Pack The Court
(DBN)

Supreme Court Justices to Get Around-the-Clock Home Security DOJ: U.S. Marshals providing security at Supreme Court justices' homes
(DBN)

Incoming justice Jackson refuses to say whether SCOTUS leak was good or bad
(DBN)

Justice Jackson's New Clerks Could Be Just What The Country Needs Right Now
(DBN)

______________

Wall Street:

Stock futures fall after Dow's worst day since 2020
(DBN)

European stocks fall as inflation fears rattle global markets; Stoxx 600 down 2% Hong Kong's Hang Seng index drops more than 2% as Asia stocks fall
(DBN)

Dow drops 1,100 points, heads for biggest one-day loss since 2020
(DBN)

Why is Wall Street close to a bear market?
(DBN)

______________

Layoffs:

Scholar Rock in a hard place as biotech lays off 25% of staff
(DBN)

St. Charles Health System cuts workforce by 181 positions
(DBN)

Blue Bird bus manufacturer lays off over 100
(DBN)

______________

Climate:

UN floats plan to boost renewables as climate worries mount
(DBN)

Climate change benchmarks all set records last year, report finds
(DBN)

Dire Climate Report Prompts UN Official to Ask Rich Countries to Share Energy Tech
(DBN)

Climate Change Is Making India and Pakistan Heat More Intense
(DBN)

Climate Change Boosted Cost of Japan Storm by $4 Billion, Study Shows
(DBN)

75% of World Could See Drought by 2050
(DBN)

____________

Sports:

US Soccer equalizes pay in milestone with women, men
(DBN)

____________

Labor:

The Hill Reporters Petition to Unionize Their Newsroom
(DBN)

____________

Cruise Lines:

Genting Tycoon Seeks Singapore Comeback With New Cruise Line
(DBN)

____________

Food/Beverage:

Chicken Wings for $34? Pent-Up Inflation Will Drive US Food Costs Even Higher
(DBN)

____________

Student Debt:

Democrats Press Biden to Go Big on Forgiving Student Loan Debt
(DBN)

Mark Cuban supports Biden's proposal to forgive $10,000 in student debt per borrower as long as 'ridiculous tuition fees' are addressed alongside it: 'We don't want this being a perennial problem'
(DBN)

Warnock says he's meeting with Biden to push for student loan forgiveness
(DBN)

____________

Autos:

EV battery costs could spike 22% by 2026 as raw material shortages drag on
(DBN)

____________

Fraud:

'Pharma bro' Martin Shkreli released from prison early to complete sentence in halfway house
(DBN)

____________

Crypto:

If A Crypto Exchange Goes Bankrupt, What Happens?: Explained
(DBN)

Not Your Keys, Not Your Coins: Unpriced Credit Risk in Cryptocurrency
(DBN)

The Great Crypto Grift May be Unwinding
(DBN)

Crypto crash leaves El Salvador with no easy exit from worsening crisis
(DBN)

How a Trash-Talking Crypto Bro Caused a $40 Billion Crash
(DBN)

Biden Administration Wants Crypto Exchanges to Separate Customer and Corporate Funds
(DBN)

____________

Healthcare:

Study: 76% of long COVID patients were not initially hospitalized
(DBN)

How big is the latest U.S. coronavirus wave? No one really knows.
(DBN)

'Wear a Mask Indoors:' NYC Enters High COVID Alert Level as Hospitalization Rate Hits Key Mark
(DBN)

North Korea tells citizens to gargle salt water and drink willow leaf tea to fight Covid Tea and infomercials: N. Korea fights COVID with few tools
(DBN)

U.S. faces avoidable Covid deaths if Congress fails to pass funding bill, top health official warns
(DBN)

With Roe in doubt, some fear tech surveillance of pregnancy
(DBN)

____________


Economy:

Goldman CEO Sees Recession Risk, 'Extremely Punitive' Inflation Goldman Sachs' CEO says there's a 'reasonable' chance the US is heading into recession — and urges caution for big businesses
(DBN)

We Asked 2,000 Americans About Their Biggest Concern
(DBN)

Is The Global Debt Bubble About To Burst?
(DBN)

El-Erian Says US Can't Avoid Stagflation Even as Fed Tightens
(DBN)

Stagflation Danger Stalks Global Economy Beset by War Fallout
(DBN)

Will US Inflation Lead to Recession?
(DBN)

US recession not expected but Europe 'more vulnerable': Janet Yellen
(DBN)

Yellen warns of "stagflationary effects" of higher food and gas prices
(DBN)

Fed's Evans Sees Inflation Curbed With a Few Hikes Past Neutral
(DBN)

Americans Are Worried About Inflation, Polarization
(DBN)

Claudia Sahm on what is driving inflation in America
(DBN)

Wells Fargo's CEO says there is 'no question' that the US is heading into a downturn, and it will be hard to avoid recession
(DBN)

More than half of CEOs are expecting a recession ahead, survey shows Most CEOs are bracing for a recession
(DBN)

Is This What an Inflation Apocalypse Looks Like? Here's What the Data Show
(DBN)

Biden policies, Ukraine war get most blame for inflation: poll
(DBN)

Gen Z is stressed, burned out, and doesn't plan to stop the Great Resignation
(DBN)

Manchin Says He'll Back Barr as Fed's Chief Banking Supervisor
(DBN)

Households are now spending an estimated $5,000 a year on gasoline
(DBN)

UN drops forecast for global economic growth in 2022 to 3.1%
(DBN)

Cathie Wood Says 'Exploding' Inventories May Augur Weaker Prices
(DBN)

Russia's Economy Slowed Down More Than Expected in First Quarter Why Russia's Economy Hasn't Collapsed Under The Weight Of Sanctions Google's Russian business plans to file for bankruptcy As Ukraine war continues, Google pulls nearly all of its employees out of Russia Yellen: Not legal for U.S. to seize Russian official assets EU rushes out $300 billion roadmap to ditch Russian energy The US has proposed that the EU apply tariffs on Russian oil to limit price rises Russia Will Force Oil Buyers To Pay More If EU Introduces Tariffs Europe's push to cut Russian gas faces a race against winter EU Targets Clean Power, LNG in Plan to Slash Russia Dependence European Gas Falls as Buyers Indicate Russian Flows to Continue Cold War Relic Threatens Europe's Plans to Ditch Russian Oil Russia Says Half of Gazprom Clients Abroad Opened Ruble Accounts On Dublin Backstreet, Hub of Russian Finance Quietly Falls Apart Sanctions Slow Burn Gives Putin More Time to Be Defiant, for Now
(DBN)

US, banks, unveil plan to ease food crisis from Russia's war
(DBN)

Yellen's Grand Global Corporate Tax Plan Risks Flop in Congress
(DBN)

Remote Working Boom Is Huge for College Towns Like Knoxville
(DBN)

Abbott Faces Senate Probe Tying Formula Shortage to Tax Cut, Buybacks Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns Why is there a baby formula shortage? Two children hospitalized due to baby formula shortage A baby-formula shortage feeds criticism of corporate heft and price gouging Top House Democrat Set to Grill FDA Chief on Formula Plant Plans House Passes FDA Baby Formula Bill, But Senate Fate Is Uncertain Biden invokes Defense Production Act for formula shortage
(DBN)

Workers hope returning to the office will help their sex lives: survey
(DBN)

Goldman Sachs CEO says 'people want to be in the office'
(DBN)

Most college students work while in school, but the jobs aren't equal
(DBN)

7 in 10 Gen Z adults would rather have pets than kids
(DBN)

How Much You Need to Live Comfortably
(DBN)

How Cash Payments Changed Low-Income Americans' Lives
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

US Housing Starts, Building Permits Stall as Mortgage Rates Bite April Housing Starts: All-Time Record Housing Units Under Construction Housing Starts Decreased to 1.724 million Annual Rate in April
(DBN)

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

Homeowners insurance crisis: DeSantis says 'significant reforms' coming as company drops 68K policies
(DBN)

More than half of Americans live within an hour of extended family
(DBN)

Facing Rising Housing Costs, North Texas Families Move Into RVs
(DBN)

The Return of Adjustable Rate Mortgages
(DBN)

____________

Municipalities:

Pa. grants Chester receiver permission to file for bankruptcy on behalf of city
(DBN)

Senate bills call for ending state's nearly decade-long oversight of Detroit Bills to repeal the "Grand Bargain" imposed during Detroit's bankruptcy introduced in the state Senate
(DBN)

Higher fuel costs mean bigger losses for PREPA
(DBN)

A New Era of Economic Development for Puerto Rico
(DBN)

____________

Oil/Gas:

U.S. Shale Drillers Cautious Despite Record Earnings
(DBN)

LNG Demand Is Soaring As Europe Races To Replace Russian Gas
(DBN)

How Big Oil is selling off high-polluting assets in a bid to look green
(DBN)

____________

Retailing:

Here's what Walmart, Target, Home Depot and Lowe's tell us about the state of the American consumer
(DBN)

Century 21 to return to its iconic NYC flagship
(DBN)

Sharp drop in retailers helps pull Wall Street indexes lower
(DBN)

Target Cuts Profit Outlook on Hit From 'Unexpectedly High Costs' Target's profit 'collapsed' in Q1 as retail smashes into fuel costs
(DBN)

____________

Fitness:

Peloton creditors start to spin
(DBN)

____________

Tech:

Musk wars with Twitter over his buyout deal - on Twitter More than 23% of Elon Musk's Twitter followers are spam or fake accounts, research groups say
(DBN)

Most in new poll say Twitter was right to ban Trump
(DBN)

TX: Social Media Law Will Cause Chaos Online
(DBN)

____________

Banking:

Credit Suisse downgraded by Fitch, move follows S&P
(DBN)

____________

Ride Hailing:

You've Taken Your Last Cheap Uber Ride
(DBN)

____________

Autos:

The Incredible Shrinking Car Dealership
(DBN)

____________

Coal:

US coal employment rising, but production is flattening
(DBN)

Why Record-High Prices Won't Drive A Recovery For U.S. Coal
(DBN)

____________

Politics:

Manchin, Schumer set to meet as Dems fear for climate-and-tax bill
(DBN)

Hunter Biden Made and Spent $11 Million
(DBN)

Gov. Justice, companies on verge of settling with major creditor
(DBN)

Pretty Weird How Republican Megadonors Keep Getting Popped For Being Unregistered Chinese Agents, Huh?
(DBN)

Biden's burdens grow: Sagging global economy adds to US woes
(DBN)

DeSantis doles out millions but fails to mention it mostly comes from Uncle Sam
(DBN)

Republicans Are Defending a Sanitized Version of 'The Great Replacement' What is the "Great Replacement" right-wing conspiracy theory?
(DBN)

Vote counting drags on in Pennsylvania's GOP Senate primary
(DBN)

Oz, McCormick still neck and neck in Pa. GOP Senate primary
(DBN)

Barnette blames Sean Hannity for loss in Pennsylvania
(DBN)

Trump Backing Fails to Help Madison Cawthorn Keep US House Seat
(DBN)

Gov. Asa Hutchinson Says GOP Needs to Move Past Donald Trump
(WSJ)

Fetterman Wins Democratic US Senate Primary From Hospital Bed
(DBN)

Generic Republican topping Democrat by 8 points in battleground districts: Democratic polling
(DBN)

Harris to tell Coast Guard grads rule of law is under attack
(DBN)

High-profile candidates endorsed by Trump lost their primaries, showing the limits of his power over the party
(DBN)

Texas Gov. Greg Abbott's policies, rhetoric under fire after N.Y., Dallas shootings
(DBN)

Republicans dismiss white supremacy charge but show unease about rhetoric
(DBN)

DHS to pause work of disinformation board
(DBN)

Netflix to woke workers: Suck it up or quit
(DBN)

Kansas Supreme Court upholds Republican congressional map
(DBN)

George W. Bush Confuses Ukraine With Iraq, Calls it 'Unjustified' Invasion
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Global bankruptcies will increase, warns Allianz
(DBN)

The geography of bankruptcy
(DBN)

______________

Mass Torts:

Judge approves up to $30 million in bonuses at OxyContin maker Purdue Pharma
(DBN)

____________

Aviation:

Singapore Airlines' Second-Half Loss Narrows as Travel Picks Up
(DBN)

Is air travel back? Global leisure and business flights top pre-pandemic levels
(DBN)

German airline Condor eyes return to profitability next year
(DBN)

Hong Kong Airlines Asks Pilots to Take Leave on Reduced Pay
(DBN)

Singapore Air Says Business Travel Rebounding to Pre-Covid Level
(DBN)

China Aviation Sector Lost $12.5 Billion in 2021 on Shut Border
(DBN)

____________

Education:

Texas school district under fire for punishing minority student who was victim of apparent bullying chokehold
(DBN)

____________

Tax:

IRS Only Audits 0.25% of Returns
(DBN)

____________

Celebs:

Todd and Julie Chrisley lived extravagantly on $30 million in loans they lied 'through their teeth' to get: Feds Todd Chrisley's' lawyer said in court that much of their reality show is fake: 'It's all part of the sizzle'
(DBN)

Flames' Matt Tkachuk lights Evander Kane on fire with incendiary bankruptcy slander in Game 1
(DBN)

Bobby Brown says a priest 'tried to molest me' as a child: 'It was part of the reason' for drug and alcohol abuse
(DBN)

Floyd Mayweather charges $1,500 for private video call amid bankruptcy rumors
(DBN)

____________

Pharma:

Why Shares of Endo International Plummeted 69% on Wednesday
(DBN)

____________

Festivals:

Fyre Festival Promoter Billy McFarland Out Of Prison On Early Release
(DBN)

____________

Communications:

Tech company Pareteum files for Chapter 11
(DBN)

____________

Utilities:

Vast swath of U.S. at risk of summer blackouts, regulator warns
(DBN)

____________

Insurance:

'Stuck with the bill': How Florida insurance companies going under leaves buyers out to dry
(DBN)

____________

Mining:

Samarco's financial creditors plan to take over the company
(DBN)

____________

Trucking:

Diesel Costs Slam Trucking Industry
(DBN)

____________

Sovereigns:

Yellen Confirms Russia Debt-Payment License Extension Unlikely Russia Default Risk Surges as US Prepares to End Key Bond Waiver Russian debt default odds jump to 90% while Yellen confirms a report the US will likely block bond payments
(DBN)

IMF executive board reviews lending Policies
(DBN)

Sri Lanka Enters Default and Warns Inflation May Surge to 40% Sri Lanka Can't Find Cash to Pay Even One Ship for Petrol Country Set to Default on Sovereign Debt: Sri Lanka Latest Sri Lanka's fuel, gas shortages set to ease, central bank governor says
(DBN)

Sri Lanka Default Hints at Trouble Ahead for Developing Nations
(DBN)

Pakistan opens talks with IMF seeking more cash to aid economy Pakistan is on the Cusp of Bankruptcy
(DBN)

____________

UK:

Britain's Inflation Rates Surges to a 40-Year High of 9% UK Inflation at a 40-Year High Engulfs Johnson and BOE in Crisis UK inflation: 'There's not much more I can do to save money' Inflation figure is shocking - and there is worse to come
(DBN)

Rishi Sunak warns of tough few months as inflation soars
(DBN)

UK Road-Fuel Prices Hit Fresh Records, Further Fanning Inflation
(DBN)

Decline of the Office Set to Define City of London's Future
(DBN)

Sunak Says Business Tax Cuts to Help Fight Cost-of-Living Crisis
(DBN)

Sexual Allegations Draw Eyes to Sleaze in Boris Johnson's Party
(DBN)

UK Pub Chain Says Inflation Will Add Extra £207 Million in Costs
(DBN)

UK Regulators Battling Post-Brexit Shortages of Staff and Data
(DBN)

Britain and the EU head towards a showdown over the Northern Ireland protocol
(DBN)

'Eye-watering' fraud levels in loans missed by government, says watchdog
(DBN)

London Police Wrap Up 'Partygate' Investigation With 126 Fines
(DBN)

____________

EU:

Europe Car Sales Slump 20% in April, Dashing Hopes for Recovery
(DBN)

____________

Canada:

Laurentian University looks to extend creditor protection to Sept. 30
(DBN)

Canadian inflation accelerates to new three-decade high
(DBN)

____________

Russia:

Russian soldier pleads guilty at Ukraine war crimes trial Interrogation, uncertainty for surrendering Mariupol troops Ukraine Seeks Evacuation of More Azovstal Troops, Zelenskiy Says U.S. reopens embassy in Ukrainian capital Putin's invasion sees 42 Russian colonels killed – one assassinated every two days Ukrainian forces say they've recaptured area in Kharkiv region Red Cross registers hundreds of Ukrainian POWs from Mariupol Russia says 771 Ukrainian fighters surrendered from Azovstal plant in last 24 hours 1,730 Ukrainian Troops Surrender
(DBN)

ABA Legal Fact Check: Zelensky and Biden Call Russia's War Genocide, But the Legal Definition Is More Complex Than the Moral One
(DBN)

Will Turkey upend NATO expansion? US officials seek clarity Map shows how Russia's border with NATO would more than double with Finland and Sweden as members Biden says he will press Congress, allies on NATO membership for Sweden, Finland Biden to Push Sweden and Finland NATO Bid Stymied by Turkey
(DBN)

Timeline shows Putin's alleged health problems as Ukraine claims he is concealing a serious illness
(DBN)

Putin smelled odd and declined to eat at 'bizarre' dinner: Former Trump official
(DBN)

The Countries Pulling Their Weight in Helping Ukraine
(DBN)

____________

China:

Visualizing China's $18 Trillion Economy in One Chart
(DBN)

Economists Cut China Growth Forecasts as Lockdowns Hit Economy
(DBN)

Elon Musk warns China's economic growth could leave the US in the dust
(DBN)

Goldman Sachs Cuts China's Growth Forecast to 4% on Covid Policy
(DBN)

Shanghai Opens for More Bankers at Offices as Lockdown Eases
(DBN)

My First Day Out of Shanghai's Lockdown Was Far From Freedom
(DBN)

China Covid Cases Trending Down But Lockdown Threat Remains
(DBN)

China Home Prices Drop for Eighth Month During Lockdowns
(DBN)

This Is How China Rounds Up Thousands of People for Quarantine
(DBN)

Worker Shortages Snarl Shipping Even as Shanghai Lockdown Eases
(DBN)

What China's Dramatic Drop In Energy Demand Means For Its Economy
(DBN)

____________

India:

Stigma, Corporate Insolvency, and Law: International Practices and Lessons for India
(DBN)

India's Monetary Panel Sees Need for More Interest Rate Hikes
(DBN)

____________

MENA:

Watchdog: US troop pullout was key factor in Afghan collapse 'A red light blinking': Watchdog thrashes Trump, Biden administrations for Afghanistan failures
(DBN)

____________

Mexico:

More than 100,000 people officially missing in Mexico 520,000 Missing in United States
(DBN)

____________

Australia:

Working out your priorities – how employee creditors claims were able to trump research and development tax refunds
(DBN)

The Court's willingness to extend the convening period for a meeting of creditors where the administration is large and complex
(DBN)

Australia's Unemployment Rate Hits 3.9%, Lowest Level Since 1974
(DBN)

____________

New Zealand:

New Zealand Plans Cost-of-Living Payment to Ease Inflation Pain
(DBN)

____________


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