November 10, 2022

The Daily Bankruptcy News

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Due to the Veterans Day holiday, The Daily Bankruptcy News will not publish on Friday, November 11, 2022



Law:

Some corporate associates lose their jobs at Cooley after performance reviews Cooley Axes Corporate Associates as Tech Sector Feels Crunch
(DBN)

Will Biglaw Firms Make 'Deeper Cuts' Or Offer Smaller Payouts For Partners?
(DBN)

The Drumbeat Of Layoffs Getting Louder
(DBN)

Shearman Shrinks NY Headquarters, Makes New Offices Single Size
(DBN)

Minority Report: Progress Just Isn't Progressing As Quickly As You'd Think
(DBN)

Joe Andrew of Dentons Goes Out on Top—Just Like Everyone Else
(DBN)

Former Biglaw Partner Loses His Bid For Congress
(DBN)

Lawyer is disbarred for mishandling client check, recording trial with concealed-camera eyeglasses
(DBN)

Lawyers Sometimes Cannot Trust Other Attorneys To Complete Legal Tasks
(DBN)

Midterms bring major constitutional wins for abortion rights Voters in these states added abortion rights to their constitutions Tuesday States Protecting Abortion Rights This Election Republicans' abortion silence backfires in midterms Abortion supporters win in conservative, liberal states Where abortion laws stand after the 2022 midterms
(DBN)

NY attorney general, a thorn in Trump’s side, wins 2nd term
(DBN)

Trump Fails to Pause a Ruling Putting His Business Under Court-Appointed Monitor as Fast-Tracked Appeal Rages on Trump cannot delay watchdog for his company, court rules
(DBN)

Rudy Giuliani Dealt Another Setback in Multi-Billion Dollar Legal Brawl with Smartmatic, as Judge Revives Once-Dismissed Count
(DBN)

After Kris Kobach's Incompetence Costs Kansas $1.9M, Voters Choose Him As State's Top Lawyer
(DBN)

During a shocking courtroom demonstration, Harvey Weinstein's attorney removed his jacket and told an accuser he would not 'go any further' Harvey Weinstein’s ‘Pants Are Falling Down,’ Defense Attorney Asks Judge for OK to Wear Suspenders
(DBN)

Infowars staffer who captured Ashli Babbitt's death on video pleads guilty to Jan. 6 charge Oath Keepers founder used money donated to the far-right group for holiday travel and personal expenses: January 6 trial Oath Keepers 'Ops' Leader for Jan. 6 Details Relationship to Stewart Rhodes's No. 2, a Reported FBI Informant
(DBN)

Ashli Babbitt's Brother Convicted of Hate Crime, Could Face Year in Jail
(DBN)

Everyone Drops All Their Suits In Dershowitz-Giuffre-Boies Matter
(DBN)

Judge orders Gingrich to testify in Georgia election probe
(DBN)

Mary Trump Warns DOJ Has a Week to Indict Trump Or ‘Much Worse Things Are Going to Start Happening’
(DBN)

Judge in Montana orders arrest of neo-Nazi website founder
(DBN)

Colorado police officers charged with leaving handcuffed woman in car struck by train
(DBN)

Colorado Police Partner with Cold Case Team in Renewed Effort to Solve JonBenét Ramsey Murder
(DBN)

Ohio Man Charged with Murder after Allegedly Shooting Neighbor He Believed Was a Democrat
(DBN)

Man Sentenced to Prison for Road Rage Hate Crime After Black Mixed Martial Artist Put Him in Chokehold Until Deputies Arrived
(DBN)

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Judges:

Fifth Circuit Cites Junk Science And Vaccine Skeptics In Latest Opinion And That Should Absolutely Terrify Everyone
(DBN)

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Wall Street:

Stock futures inch higher as investors watch midterm results, await inflation data
(DBN)

Dow drops nearly 650 points as U.S. stocks log worst post-election day performance in a decade
(DBN)

Democratic upset in U.S. midterms could roil markets, options mavens say
(DBN)

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Layoffs:

Meta says it will lay off more than 11,000 staff as Mark Zuckerberg claims the company is 'deeply underestimated' ‘Sad, hurt, uncertain, disappointed, and now jobless’: Meta employees react to being laid off Mark Zuckerberg Picks Wild Billionaire Metaverse Fantasy Over 11,000 Jobs
(DBN)

Mark Zuckerberg apologized for laying off 11,000 Meta staff, but Elon Musk didn't say sorry to Twitter workers who lost their jobs
(DBN)

Tech CEOs all made the same dumb mistake, thinking the pandemic boom would last forever. Now employees are paying the price with massive layoffs.
(DBN)

A couple who both worked for Meta woke up to the same email telling them they'd been laid off
(DBN)

Meta's and Stripe's layoff memos are a lesson for companies on accountability and empathy
(DBN)

Twitter laid off all but one person at its only office in Africa just 3 days after it opened for the first time, report says Elon Musk's Twitter laid off more than 90% of staff in India — now only about 12 employees remain, report says
(DBN)

Here's what laid-off Meta employees in the US are being offered as severance packages
(DBN)

C.H. Robinson to lay off up to 1,200 employees, sources say
(DBN)

Everbridge to reduce workforce by about 200, says CEO
(DBN)

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Politics:

Charting the midterms
(DBN)

Trump absorbs GOP losses, while DeSantis glows with landslide victory Republicans are blaming Trump after the GOP's midterm 'red wave' failed to materialize Trump is 'livid' and 'screaming' his head off after disappointing midterm elections for the GOP, an advisor said Trump Ridiculously Washes His Hands Of Losing Senate Candidate He Endorsed Trump aides scrambled to stop him from announcing his presidential candidacy on the eve of the midterms and upending the elections, report says Illinois Gov. J.B. Pritzker beats Republican foe, takes aim at Trump Even Kayleigh McEnany Now Wants Trump to Delay His 2024 Announcement Extremists Respond to Trump’s Voter Fraud Conspiracies: ‘F--- It, Arm Up’ Ex-Trump aide says the Republican Party needs to finally see Donald Trump as a 'loser' in order to 'thrive' A House Republican Who Defied Trump Wins Re-election Voters Reject Trump-Backed Election Deniers in Several Key States Blames Hannity, Melania Here’s how Donald Trump sabotaged the Republican midterms Trump will be told to delay announcement of his 2024 campaign until after the Georgia senate runoff, his campaign advisor said. It's unclear if Trump will follow through. Election Deniers Did Not Do Well in Midterms Trump's new torments: Midterms dent invincibility
(DBN)

Ron DeSantis’s God Complex
(DBN)

These Republicans Are Casting Doubt on Election Results and Refusing to Concede
(DBN)

Minor poll problems twisted into false US election claims
(DBN)

Arizona Governor Election Results 2022 Howard Stern Annihilates ‘Crazy’ Kari Lake Democratic edge shrinks in Arizona Senate, governor races
(DBN)

Republican Ron Johnson, Who Said Jan. 6 Was Not An Armed Insurrection, Has Been Reelected Senator Of Wisconsin
(DBN)

The perils of a narrow House Republican majority
(DBN)

Dems risky strategy to elevate election deniers pays off
(DBN)

GOP Rep. Mayra Flores immediately blamed voters for staying home after she lost a competitive House seat
(DBN)

No evidence of voter fraud found in midterms: cybersecurity officials
(DBN)

Runoff election in Georgia may decide fate of Senate, again Georgia Senate race between Warnock, Walker heads to runoff The Georgia Voting Law’s Biggest Impact May Be in the Runoff This Guy Just Threw the Senate Election Into Chaos From His Basement Donors, campaigns steel themselves for another Georgia runoff
(DBN)

Republican Rep. Lauren Boebert is trailing with more than 90% of votes counted in Colorado's 3rd Congressional District
(DBN)

Fox News anchor pushes back on Kari Lake attacking the press
(DBN)

The Far-Right Fringe of the GOP Just Got Some New Members
(DBN)

Surprise! The GOP Has an Even Bigger Problem With Its Activist Base Than the Democrats.
(DBN)

A long-shot Democratic candidate raised more than $15.6 million to defeat Marjorie Taylor Greene. He lost by 31 points.
(DBN

Alexandria Ocasio-Cortez says Tucker Carlson fuels 'one of the largest sources of death threats' against her Ocasio-Cortez slams NY Democratic Party leadership over election results
(DBN)

Three States Banned Slavery on Tuesday. One Voted to Keep It Voters ban slavery as a form of punishment in 4 states; what is the impact?
(DBN)

Pelosi says a 'massive disinformation campaign' funded by 'people who are still fighting the Civil War' is keeping Biden from getting credit for his accomplishments
(DBN)

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Economy:

Treasury yields dip ahead of consumer inflation report
(DBN)

Little sign of relief expected in October US inflation data
(DBN)

There's a 55% chance of a recession in 2023, chief economist says - but inflation data will determine if the Fed stays aggressive and sparks a downturn
(DBN)

October CPI report could jolt markets in a big way if expectations are not met. Here's what to expect, according to JPMorgan
(DBN)

Inflation has already peaked and it's time for investors to get back into stocks, according to JPMorgan Asset Management's chief strategist
(DBN)

Mass. voters approve the millionaires tax California Rejects Income Tax Hike
(DBN)

Elon Musk ends remote work at Twitter, tells staff to prepare for ‘difficult times ahead’
(DBN)

Madder world? Passive-aggressiveness getting worse in offices across America
(DBN)

The Fiscal Cost of Quantitative Easing
(DBN)

EU Leaders Accuse U.S. Natural Gas Producers Of Profiteering
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home builders struggle to find buyers as cancellations by developers rise New Home Cancellations increased Sharply in Q3
(DBN)

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

‘Only time will tell if September was the nadir:’ Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market
(DBN)

The typical first-time homebuyer in America is older than ever before and overwhelmingly white — plus, sky-high prices and grueling rates mean that there are fewer than ever before
(DBN)

‘We Don’t Have Enough Sales’: RedFin Kills Home-Flipping Business Citing Downturn
(DBN)

Real estate mogul René Benko faces a more critical spotlight
(DBN)

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Oil/Gas:

Oil and gas firms planning ‘frightening’ fossil fuels growth, report finds
(DBN)

Big Oil's Emissions 3 Times Higher Than Claimed
(DBN)

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Municipalities:

10 fastest growing cities
(DBN)

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Tech:

Twitter's rollout of its new gray checkmark for 'official' accounts is off to a confusing start, with Elon Musk saying he 'killed it' and a product manager rushing to clarify it's still happening Musk says Twitter usage is 'at an all-time high,' but a report shows that more than 1 million accounts have been deactivated or suspended since his takeover Elon Musk and a key adviser have discussed putting all of Twitter behind a paywall, report says Twitter Files Paperwork to Enter Payments Business Elon Musk tells advertisers they have to pay for blue badges Oreo Pulls Ads from Twitter Elon Grovels in Call With Advertisers Twitter quickly scraps ‘official’ badges for high-profile users Twitter Was Struggling, Musk Made It Worse Musk has lost credibility after his ‘boy who cried wolf moment’ dumping $4 billion in Tesla stock in the latest ‘Twitter circus show’ move, says tech analyst
(DBN)

Shares of Truth partner fall after candidates underwhelm
(DBN)

Facebook extends its broad hiring freeze indefinitely amid mass layoffs and a new wave of frugality
(DBN)

Meta's foundation is crumbling
(DBN)

Facebook moves to 'desk sharing' for in-office employees as layoffs and cost-cutting continues
(DBN)

Amazon First to Lose $1 Trillion in Stock Value
(DBN)

Foxconn Raises Hourly Wages to $3.30
(DBN)

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Crypto:

Is This Crypto’s Lehman Moment?
(DBN)

Fall of a Crypto Titan Puts an Industry on Edge
(DBN)

The Fed's jumbo-sized rate hikes will uncover more 'skeletons in the closet' for crypto after FTX's rescue, economist says
(DBN)

JPMorgan Team Says Crypto Markets Face ‘Cascade’ of Margin Calls
(DBN)

When Crypto Exchanges Collapse: Bye, Bye Cash
(DBN)

Crypto crash could have Brady losing entire investment FTX made massive sponsorship deals with sports leagues and star athletes like Tom Brady. Here's what experts say could happen after the crypto exchange's implosion.
(DBN)

FTX faces federal probes on handling of client funds as asset shortfall could top $6 billion, report says
(DBN)

Investors spooked by abrupt bank run on FTX
(DBN)

Sam Bankman-Fried quietly deletes his claim that FTX customer funds are safe
(DBN)

Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipe-out
(DBN)

FTX Sees Bankruptcy Possible, Faces $8 Billion Shortfall FTX Hurtles Toward Bankruptcy With $8 Billion Hole, US Probe Crypto exchange FTX warns of bankruptcy if it's unable to plug a shortfall of up to $8 billion: report Why Is Crypto Tanking: The FTX-Binance Drama Explained
(DBN)

How Will Justin Sun Provide Support To Insolvent FTX Exchange?
(DBN)

Sequoia Capital says it's marking its investment in FTX down to $0 as a liquidity crunch threatens to put the crypto exchange into bankruptcy Sequoia Capital says it did proper due diligence on FTX Sequoia is the first—but likely not the last—to mark FTX a zero dollar investment
(DBN)

Binance is reconsidering its takeover of FTX after due diligence of the failed crypto exchange, report says A tentative crypto deal looks increasingly shaky Crypto exchange Binance walks away from acquiring rival FTX FTX exchange risks bankruptcy after takeover deal collapses ‘In full fear mode’: Crypto world rocked again as Binance walks away from FTX deal
(DBN)

Inside the ruthless moves Binance's CEO made to bring Sam Bankman-Fried's FTX to its knees
(DBN)

Binance CEO says takeover of rival FTX is not a 'win for us' and shares 2 big lessons for crypto industry
(DBN)

'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme: 'Who will bail out Binance?'
(DBN)

FTX contagion is spreading to the Solana ecosystem Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals Solana Blockchain Hit by FTX Tremors as Nearly $800M SOL Tokens Set to Be Unstaked
(DBN)

Fallout from troubled crypto exchange FTX spreads through market Investors fear potential FTX bankruptcy spilling over to reeling crypto, stock markets
(DBN)

'Long' Crypto Traders Take on $700M in Losses as Markets Falls on FTX Contagion Fears
(DBN)

Missing stolen Bitcoin worth £3billion discovered stashed away in popcorn box
(DBN)

Ripple CTO Explains What Will Happen to Dave Portnoy’s Bitcoin in Case of FTX Bankruptcy
(DBN)

Mercedes F1 Takes Major Hit In Crypto-Crash As $32 Billion Sponsor Faces Bankruptcy
(DBN)

Bankrupt Crypto Lender Celsius Files Motion To Extend Reorganization Plan Filing Time
(DBN)

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Healthcare:

California hospital board takes step toward Chapter 9 bankruptcy
(DBN)

White Rock Medical Center Owner Files for Bankruptcy
(DBN)

A Nurse Allegedly Cut Off a Patient's Foot, Hoped to Use It to Scare Kids
(DBN)

Federal Appeals Court Revives Religion-Based Lawsuit Over Measles Vaccine Mandate for Students in Heavily Hasidic New York County
(DBN)

South Dakota Votes to Expand Medicaid
(DBN)

Concierge Medicine Creates Doctor Shortages
(DBN)

Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs
(DBN)

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Culture:

Rude behavior is contagious and on the rise
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 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)

Aviation:

Florida airports close down or warn of possible flight cancellations.
(DBN)

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Insurance:

Louisiana heads to bond market to pay insolvent insurers' claims
(DBN)

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Utilities:

PG&E offers payments to fire victims
(DBN)

‘I expect a tsunami of shutoffs’: 20 million American households are now behind an average of $788 on their utility bills — here are 3 simple ways to drop your monthly costs
(DBN)


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Climate:

Credibility Questions Dog World Bank President at Climate Summit
(DBN)

Climate Projections Point To Dangerous 2.7C Rise By 2100
(DBN)

Jordan Is Running Out of Water, a Grim Glimpse of the Future
(DBN)

The U.S. Is Giving Way Less Than Its Fair Share of Climate Aid
(DBN)

Climate change was on the ballot in California and New York. Here’s what happened
(DBN)

Hurricane Nicole makes landfall in Florida; airports and theme parks shut down Nicole makes landfall in Florida as rare November hurricane
(DBN)

How Many Private Jets at COP 27?
(DBN)

Fed up young climate activists: ‘Adults aren’t listening’
(DBN)

US plan to tap businesses for green finance meets resistance
(DBN)

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Pharma:

Clovis Axes 115 Employees, Warns of Potential Bankruptcy Clovis Oncology says could file for bankruptcy in 'very near term'
(DBN)

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Fraud:

Florida charity king charged with raising millions for firefighters, veterans and cancer survivors but keeping the cash for himself
(DBN)

Bank Ordered to Pay $563 Million to Victims of Petters Fraud Largest Jury Verdict in Minnesota History in Ponzi Scheme Case
(DBN)

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Manufacturing:

Fast Indeed
(DBN)

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History:

Newly discovered photos show Nazi Kristallnacht up close
(DBN)

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Cannabis:

To Put It Bluntly, the Federal Judiciary’s Inconsistent Approach to the Cannabis Industry Is (Reefer) Madness
(DBN)

Where voters legalized recreational marijuana in the midterm elections
(DBN)

A wave of debt restructurings threatens Massachusetts’ adult use market
(DBN)

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Food/Beverage:

A restaurant in Oregon threatened to fire servers who didn't surrender their cash tips, a Labor Department investigation found
(DBN)

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Autos:

Why Carvana stock dropped 97% in the past year as the auto resale success story became a used-car clunker
(DBN)

Tesla Loses 2 Years of Gains Amid Twitter Saga, Demand Fears
(DBN)

Renault's Sweeping Reorganization
(DBN)

Auto Loan Delinquencies Rise
(DBN)

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Gig Economy:

Colorado Gig Drivers Making $5.49 an Hour
(DBN)

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Celebs:

Ex-CFO Of Erika Jayne’s Husband Tom Girardi’s Defunct Law Firm Arrested Over Alleged Wire Fraud Former CFO of Girardi Keese is arrested on wire-fraud charge Girardi law firm CFO turns to high-powered ex-D.C. prosecutor after arrest
(DBN)

Inside Kanye West’s Yeezy: Abrupt Firings, Alleged Nazi Inspiration and ‘Pure Chaos’
(DBN)

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Sovereigns:

El Salvador says China offered to buy all its foreign debt as the nation looks to avoid default
(DBN)

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UK:

To Complete or not to Complete – “Early” Completion of Company Voluntary Arrangements
(DBN)

Barclays faces court over £40m breast implant scandal
(DBN)

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EU:

EU proposes more forgiving debt plans a decade after crisis
(DBN)

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Canada:

Consumer insolvency cases climbed 22.5% in Q3
(DBN)

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Russia:

Vladimir Putin bracing Russia for all-out war by preparing schoolchildren for frontline Rise of Russia Hardliners Sows Fear In Putin’s Elite In major blow to Putin, Russia orders retreat from key city in southern Ukraine Russia’s Retreat From Kherson Brings Ukraine One Step Closer to Victory Putin's defense chief orders retreat in Kherson, the first major Ukrainian city Russian forces captured, in new battlefield humiliation Russia claims pullout from occupied city; Ukraine skeptical Why Control of Kherson City Is Important to Russia and Ukraine Putin’s supporters appear dumbfounded by another Russian ‘surrender’ in Ukraine
(DBN)

Russia paid Iran for its suicide drones by sending a plane full of $140 million in cash and captured Western weapons, report says
(DBN)

Putin Gags Russian Officials Who Dared to Criticize War
(DBN)

What’s ‘Putin’s chef’ cooking up with talk on US meddling?
(DBN)

More than 100,000 Russian soldiers were 'killed and wounded' and Ukraine's military 'probably' saw similar casualties since the invasion, according to Gen. Mark Milley
(DBN)

Russia, China Edging Towards an Anti-US Alliance
(DBN)

Russia’s Putin won’t attend upcoming G-20 summit in Bali
(DBN)

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MENA:

Saudis detain American woman seeking to leave with daughter
(DBN)

Iran protests rage on streets as officials renew threats
(DBN)

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China:

Xi Warns of War Ahead
(DBN)

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Germany:

German economy to shrink in 2023, government advisers expect
(DBN)

Once again Galeria Karstadt Kaufhof files for insolvency
(DBN)

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Australia:

Standing to Challenge: Will the Australian Courts Continue to Assist Aggrieved Stakeholders as the Economic Uncertainty Remains?
(DBN)

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