November 14, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Stealth Layoffs Come For Junior Associates At Top 20 Biglaw Firm Biglaw Firm Makes 2 Rounds Of Stealth Layoffs After Billable Work Disappears
(DBN)

Billable Hours Are Going Down, Down, Down Across Biglaw
(DBN)

Big Law Layoffs Look to Correct ‘Over-Hiring’ in Pandemic Boom
(DBN)

Biglaw Firms With Tech-Centric Clients May Soon Face Financial Difficulties
(DBN)

Bar pass rates for California decrease slightly
(DBN)

Are Yale Students' Pre-Law Worries Pressing?
(DBN)

Dechert's Spangler on FTX's Bankruptcy
(DBN)

Trump sues January 6 committee, seeking to block subpoena for his testimony and documents Trump Wants Americans To Pay His 'Expenses' Including Legal Fees in Suit Blocking Jan. 6 Committee Subpoena Jan. 6 Committee Denies Staff Leak That Final Report Will Be 'All Trump' — And Ignore FBI, Other Failures
(DBN)

Pence: Trump Endangered Me and My Family
(DBN)

John Kelly: Trump Tried to Get the IRS to Go After James Comey
(DBN)

Trump's Legal Problems About to Get Worse
(DBN)

Inside the Justice Department's decision on whether to charge Trump in Mar-a-Lago case Trump's Lawyers Claim All Seized Documents Are Personal. Also They're Presidential Records Subject To Privilege.
(DBN)

Trump Organization trial resumes as top executive testifies about tax avoidance schemes Trump knew about alleged tax dodges, executive suggests at trial
(DBN)

Judge sanctions Trump lawyers over handling of ‘frivolous’ lawsuit against Hillary Clinton, DNC Judge Slaps Sanctions On Lawyers In Trump's RICO LOLsuit Against Hillary Clinton And 'Pal' James Comey Judge hits Trump lawyers with $50,000 fines over tossed Clinton lawsuit Courts aren’t for ‘performative litigation,’ judge says, as he sanctions Trump lawyers for conspiracy suit
(DBN)

IRS asks Supreme Court not to block Congress from getting Trump’s tax records
(DBN)

1st Circuit upholds law making it a crime to ridicule people with false statements
(DBN)

AP sources: US border agency leader is being forced out Border Chief Magnus Refuses to Quit Under Threat Biden Will Fire Him: 'I Want to Make This Clear: I Have No Plans to Resign' DHS secretary to Biden’s top border chief: Quit or be fired Border Protection Chief Finally Resigns
(DBN)

Florida Republicans eye further abortion restrictions after big gains in the Legislature In election, support for abortion rights was about much more Ex-Ms. South Carolina Forced to Carry Unviable Fetus Abortion ruling author Alito gets standing ovation at conservative legal gala Biden believes Congress must codify Roe v. Wade, top aide says
(DBN)

Texas attorney accused of slipping abortion drug in wife’s drinks
(DBN)

Top Republican on Oversight Committee Says Investigating Hunter Biden Will Be Its Main Priority When He's Chair
(DBN)

Alec Baldwin sues to ‘clear his name’ in movie set killing
(DBN)

Paul Haggis: Crash direct ordered to pay $7.5m to rape accuser
(DBN)

Three ex-Pennsylvania police officers plead guilty in shooting of 8-year-old girl who was killed by stray bullet
(DBN)

L.A. County sheriff’s deputy charged in 2021 fatal shooting of man who was already on the ground
(DBN)

Chompers the python sent would-be thief running in botched robbery attempt, police say
(DBN)

11 Temple University students woken up, forced into basement at gunpoint and robbed at off-campus property, official says
(DBN)

Man arrested at Scottish hospital last year is U.S. fugitive who faked his own death, court rules
(DBN)

Police investigating unsolved murder of JonBenet Ramsey to seek help from cold case team
(DBN)

Sheriff in California county with 65,000 people will stop all daytime patrols due to 'catastrophic staffing shortage'
(DBN)

Teen Arrested for Synagogue Threats Wanted to ‘Curb Stomp’ LGBTQ People: FBI
(DBN)

Noose found at Obama Presidential Center site, pausing construction, builders say
(DBN)

Holocaust survivors turn to TikTok to teach a new generation not to forget
(DBN)

Texas woman sentenced to death for killing woman to take unborn baby
(DBN)

3 dead, 2 injured in shooting at University of Virginia, sparking manhunt Three killed, two more injured as gunman remains on the loose at University of Virginia
(DBN)

Sandy Hook memorial opens nearly 10 years after 26 killed in mass shooting
(DBN)

KFC apologizes for Kristallnacht promotion
(DBN)

New Jersey man charged with making online threat to attack a synagogue and Jewish people, officials say
(DBN)

______________

Judges:

State Supreme Court wins shaped by abortion, redistricting
(DBN)

A Senate in Democratic hands clears the path for Biden to keep remaking the courts Senate control guarantees many more judges for Democrats
(DBN)

Justices cheered at conservative group’s anniversary dinner
(DBN)

Justice Amy Coney Barrett mocks pro-abortion protesters for picketing her home - drawing wild applause at first Federalist Society dinner since Supreme Court tossed Roe v Wade
(DBN)

Supreme Court's conservative rulings left mark on election results
(DBN)

Supreme Court should consider right to earn a living, 5th Circuit judge says in COVID-19 shutdown case
(DBN)

You Have To Check Out This Epic Supreme Court Jeopardy! Fail
(DBN)

______________

Wall Street:

Stock futures fall following the S&P 500′s best week since June
(DBN)

Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June Wall Street rallies for best week since June on rate hopes Dow soars 1,200 points, S&P 500 jumps 5% in biggest rally in two years
(DBN)

______________

Layoffs:

Layoff spree in Silicon Valley spells end of an era for Big Tech
(DBN)

Read the email Twitter contractors were sent on Saturday telling them they'd lost their jobs Twitter cuts a large number of contract workers without giving internal teams a heads up After sacking 50% workforce, Elon Musk's Twitter lays off over 4,400 contractual workers: Report Twitter Manager puked after new boss Elon Musk ordered him to fire staff, says report
(DBN)

Man Relocated To Canada To Work At Meta, Fired Two Days After Joining Dozens of fired Meta employees are writing heart-wrenching 'badge posts' on social media
(DBN)

Disney plans targeted hiring freeze, job cuts and other cost reductions
(DBN)

Amazon unveiled a new warehouse robot that can identify and pick 65% of the items it sells. 'This will take my job,' one warehouse worker said.
(DBN)

Waymo Closer to Charging for Self Driving Taxis
(DBN)

______________

Politics:

The Normie Center Strikes Back
(DBN)

Pelosi says Republican’s ‘red wave’ turned into a ‘little, tiny trickle’ Pelosi says members urging her to consider House leadership again
(DBN)

Moderate Democrats win big in governor races
(DBN)

Young women broke hard for Democrats in the midterms
(DBN)

Ranking the Democrats who could run for president in 2024
(DBN)

Mark Kelly Defeats Blake Masters in AZ Kelly win in Arizona puts Dems 1 seat from Senate control 'They Stole The Electron!' Trump Goes on Late Night Rage Binge Over Arizona Races Called After Maricopa Update Masters declines to concede in Arizona Senate race until all votes are counted
(DBN)

Kari Lake, losing, deems Arizona’s election process a ‘laughingstock’ Kari Lake Narrows Gap in AZ. Governor's Race
(DBN)

Trump’s election conspiracy boosters largely accept their own defeats Trump’s picks to oversee elections in key 2024 battlegrounds all lost
(DBN)

Across the US, a Return to Democratic Order
(DBN)

GOP finger-pointing in every direction as party absorbs election losses
(DBN)

More voters prefer DeSantis to Trump as 2024 GOP nominee: Poll
(DBN)

Candace Owens said Trump's rudeness made her realize he's vengeful, paranoid, lacks humility
(DBN)

Democrats edge closer to keeping Senate as House leans GOP Democrats Keep Senate Control America’s first Latina senator just saved Democrats’ Senate majority Democrats kept the Senate. But Georgia is still important.
(DBN)

Kari Lake Fades, Down 1.4%
(DBN)

Democrat Tina Kotek wins Oregon governor's race, beating Republican Christine Drazan
(DBN)

Election denier Finchem defeated in Arizona secretary of state race
(DBN)

Energy, transportation firms gave millions to election deniers after Jan. 6: analysis
(DBN)

Republican Lombardo ousts Democratic governor in Nevada
(DBN)

All three House Democrats win reelection in Nevada
(DBN)

GOP fears another Trump disaster in GA runoff GOP Reportedly Looking to Snub Trump for DeSantis in Herschel Walker Runoff: Trump ‘Would Go Ballistic’
(DBN)

The Growing Danger of Political Violence
(DBN)

Why Gerrymandering is Getting Worse
(DBN)

Trump Angst Wracks Republicans as '24 Announcement Looms New York Post Shanks ‘Toxic’ Trump with Brutal Front Page: ‘Most Profound Vote Repellent in Modern American History’ GOP worries Trump 2024 announcement will backfire 'Dark Time in Trump's Inner Circle': CBS's Robert Costa Reports Associates Are 'Tired of His Rants and Are Avoiding Him' Europe relaxes after US midterms, but fears of a 2024 Trump win run high Trump claims without evidence he sent federal agents to keep DeSantis election from being ‘stolen’ in 2018 GOP’s Stefanik backs Trump ’24 as other Republicans decline Former Trump adviser Larry Kudlow says he should hold off on 2024 bid announcement Trump slams Govs. DeSantis and Youngkin as he readies 2024 launch Trump lashes out against Youngkin: "He couldn't have won without me" Haberman: Trump ‘willing to burn it all down if he doesn’t get what he wants’ Did Trump hurt Republicans in the 2022 elections? The numbers point to yes Raskin suggests some far-right House members could vote Trump for Speaker Trump's candidacy is not a "force for good for our country": Pelosi Hogan says Trump’s control over Republicans ‘definition of insanity’
(DBN)

‘A Moment of Truth for the Federalist Society’: Politics or Principle? Federalist Society Tells Founder He Can't Call Himself 'Founder' In Purity Purge
(DBN)

GOP, GOP-leaning independents prefer DeSantis over Trump in 2024: poll Trump ally Marjorie Taylor Greene: DeSantis should stay put as governor
(DBN)

A Red Tsunami Did Cross Florida
(DBN)

Florida Democrats grapple with uncertain future after midterm wipeout
(DBN)

Trump rips McConnell for GOP spending, but doles out less than half of his own cash
(DBN)

‘Canary in the Coal Mine’: Is Elissa Slotkin’s Win a Warning for Political Extremists?
(DBN)

Republican senator drops a truth bomb on his party
(DBN)

The 5 circles of chaos after 2022 midterms
(DBN)

Why were the midterm elections close? Exit polls offer clues.
(DBN)

Biden eagerly watches as Trump flails at DeSantis
(DBN)

Fox faces post-midterm choice between The Don, DeSantis Sharp attacks on Trump from Rupert Murdoch’s news outlets
(DBN)

Marco Rubio demands GOP Senate leadership vote be postponed after midterm failures House conservatives withhold support for McCarthy, press for delay to election McCarthy's quest for House speaker risks derailment Top Senate Republicans push forward amid calls to delay leadership elections
(DBN)

Election Deniers Got Thrashed in the Midterm Elections
(DBN)

Colorado votes to decriminalize ‘magic mushrooms’
(DBN)

A 'rainbow wave' spreads across the U.S. as hundreds of LGBTQ candidates win elections
(DBN)

____________


Economy:

Inflation cools more than expected in October U.S. inflation eased to 7.7% in October, raising hopes that high prices are slowing down
(DBN)

Global debt levels rose 'substantially' in 2021 - World Bank's Malpass
(DBN)

A Quick Autonomous Vehicle Rollout Would Reduce Inflation
(DBN)

Treasury yields rise as investors consider inflation outlook, future Fed policy
(DBN)

Consumer Sentiment Falls
(DBN)

Stocks will plunge, inflation will persist, and the US economy will feel more pain, Carl Icahn says. Here are his 14 best quotes from a new interview.
(DBN)

The Fed made a 'serious mistake' by raising interest rates, and it could land the US in another Great Depression, says Ark's Cathie Wood
(DBN)

Job listings are the new Zillow
(DBN)

Everyone's been wrong about inflation, and it's costing workers in salary negotiations
(DBN)

Money can buy happiness for households earning up to $123,000, study suggests
(DBN)

Early Q4 GDP Tracking
(DBN)

Cleveland Fed: Median CPI increased 0.5% and Trimmed-mean CPI increased 0.4% in October
(DBN)

America Returns to Child Labor
(DBN)

The Fed has done enough and 'really, really should pause' rate hikes, top economist Paul Krugman says
(DBN)

The Great Resignation isn't paying off like it was this summer
(DBN)

Political volatility is becoming an economic risk
(DBN)

Wealthy Russians fueling demand for Caribbean island passport 2 'dark ships' were spotted near the Nord Stream pipeline leaks days before the explosions were detected, satellite data analysis firm says
(DBN)

Why are some military families living in their cars?
(DBN)

Musk to Tesla Workers: Return to Office or Else
(DBN)

Warren calls for removing debt ceiling during lame-duck Congress
(DBN)

Tech CEO says he was hit with up to $30,000 in surprise taxes and fees after a software engineer worked remotely in California and Texas without telling the company
(DBN)

The human race at 8 billion
(DBN)

Heavy Truck Sales Up 13% Year-over-year
(DBN)

From crypto to housing, collapse of speculative wealth could refocus investment on real growth
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage rates fall sharply to under 7% after inflation eases
(DBN)

Realtor.com Reports Weekly Active Inventory Up 42% Year-over-year; New Listings Down 20%
(DBN)

Housing and Inflation
(DBN)

MBA: "Mortgage Delinquencies Decrease to New Survey Low in the Third Quarter of 2022"
(DBN)

The 10 most expensive ZIP codes in the U.S.
(DBN)

Current State of the Housing Market; Overview for mid-November
(DBN)

The idea that saved his company from bankruptcy
(DBN)

____________

Municipalities:

Chester City has filed for bankruptcy and asked for federal mediation to resolve its debts Chester City Files for Bankruptcy Chester, Pennsylvania, files Chapter 9 bankruptcy petition
(DBN)

____________

Oil/Gas:

Biden takes aim at methane emissions with new rules on oil and gas industry
(DBN)

China's Covid Concerns Continue To Weigh On Oil Prices
(DBN)

The Growing Anti-OPEC Movement Is Disastrous For Oil Markets
(DBN)

Dallas Fed mulls solutions to energy inflation during Houston event
(DBN)

____________

Agribusiness:

Fed-up US farmers tell why gov't will put them out of business
(DBN)

____________

Healthcare:

Medicare Advantage Full of Fraud and Scams
(DBN)

U.S. will keep Covid public health emergency in place at least until mid January
(DBN)

COVID Nov 11, 2022: Update on Cases, Hospitalizations and Deaths
(DBN)

CDC map puts 7 states in worst category for flu activity
(DBN)

America's RSV Surge, Explained
(DBN)

Covid vaccine and booster shots in U.S. hit highest weekly level since January
(DBN)

Supreme Court's Sotomayor rejects challenge to N.Y. Covid vaccine mandate
(DBN)

'So much relief': South Dakota voters pass Medicaid expansion
(DBN)

____________

Religion:

LGBTQ-friendly votes signal progressive shift for Methodists
(DBN)

Midterms reinforce Christian voter trends on abortion, GOP
(DBN)

Texas Pastor Arrested for Child P---
(DBN)

Pope Francis calls for renewed commitments to help poor and homeless
(DBN)

____________

Student Debt:

Why a federal judge struck down Biden's student loan forgiveness program Where does the student loan debt plan stand? Biden senior adviser says ‘we’re going to prevail’ after judge strikes down student loan relief
(DBN)

Applications for student loan forgiveness no longer accepted
(DBN)

____________

E-Cigarettes:

Juul to avoid bankruptcy, laying off hundreds of workers
(DBN)

____________

Fraud:

Prosecutors seek 15 years in prison for Theranos founder Elizabeth Holmes in fraud case Elizabeth Holmes Wants No Prison Time Theranos Founder Elizabeth Holmes Gets Support from Sen. Cory Booker
(DBN)

Ex-Yale coach gets 5 months in college admissions bribery scandal
(DBN)

____________

Education:

The top 10 most-regretted college majors
(DBN)

I Can’t Teach the History of WWII with a Ban on Critical Race Theory
(DBN)

Florida's DeSantis-backed school board candidates win as he declares state as 'where woke goes to die'
(DBN)

____________

Tech:

Elon Musk: Twitter Might Go Bankrupt What Led Elon Musk To Talk of Bankruptcy For Twitter Twitter’s Advertising Exodus Accelerates, Despite Outreach From Elon Musk Advertisers urged to shun Twitter in new blow for Elon Musk 'He really kind of blew it': Experts say Elon Musk's meeting with Twitter advertisers revealed massive flaws in his leadership Meet the Neo Nazis Who Briefly Got a Blue Check From Twitter For Those Of You Who Thought We Had Another Week Before Twitter Under Elon Got Really Bad, Read This A Verifiable Mess: Twitter Users Create Havoc by Impersonating Brands Here are 17 of the most outrageous impersonations to come from Elon Musk's Twitter Blue rollout blunder What Elon Musk Is Doing Right at Twitter Hate speech surged on Twitter during first week under Musk’s ownership: report Twitter turmoil worsens Twitter loses 2 more top executives Elon Musk plans to come after Twitter's free lunches, days after telling employees they're no longer allowed to work from home: report 12 things that happened at Twitter this week, from Doja Cat asking Elon Musk for help to bankruptcy threats Is it safe to use Twitter? Security fears rise after Elon Musk drives off staff Musk mocks U.S. senator over impersonation concerns Musk Lawyer Calms Twitter Staff Fearing Jail Risk for FTC Lapses SpaceX just bought a big ad campaign on Twitter for Starlink The method to Elon Musk's Twitter madness reveals itself The real-time implosion of Twitter
(DBN)

We’re Witnessing the End of Social Media
(DBN)

Dan O'Dowd is the rich tech CEO spending millions to stop Elon Musk
(DBN)

Big Tech Loses Sway as S&P 500 Becomes More Exxon, Less Amazon
(DBN)

Maybe Trump was right about TikTok
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 9.2% Compared to Same Week in 2019
(DBN)

____________

Celebs:

From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses The fall of the FTX ‘King of Crypto’ Sam Bankman-Fried
(DBN)

Dave Chappelle Uses ‘SNL’ Monologue to Echo Kanye’s Antisemitism 'I don't think he is crazy. He's possibly not well': Dave Chapelle mocks rapper Kanye West for his anti-Semitic rants as he hosts SNL
(DBN)

Jeff Bezos says he will give most of his money to charity
(DBN)

Boris Becker 'will be deported back to Germany in time for Christmas after the jailed tennis star is approved for a fast-track scheme'
(DBN)

____________

Utilities:

Texans will be paying for utility fiasco for decades
(DBN)

____________

Retailing:

Retailers’ biggest holiday wish is to get rid of all that excess inventory
(DBN)

____________

Cruise Lines:

Cruise ships with 800 positive COVID cases docks in Australia
(DBN)

____________

Consumer Finance:

How Title Lenders Trap Poor Americans in Debt With Triple-Digit Interest Rates
(DBN)

____________

Cannabis:

Smoked Out: How Those In The Cannabis Industry May Finally Gain Bankruptcy Protection
(DBN)

____________

Maritime:

Shareholders Vote Down DOF's Debt-for-Equity Swap
(DBN)

____________

Fitness:

For fitness buffs and landlords, gyms are hot again
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (127 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

Exemptions:

The “Vanishing” Homestead Exemption—Before The U.S. Supreme Court (Wells v. McCallister)
(DBN)

____________

Mass Torts:

Alex Jones Hit with $473M in Punitive Damages
(DBN)

Archdiocese of New Orleans seeks court approval to sell off properties in bankruptcy case
(DBN)

The Devastating Impact of the Opioid Crisis featuring Pulitzer Prize Winning Journalist Eric Eyre
(DBN)

____________

Aviation:

Flight Is Diverted When Passenger Is Seen With Box Cutter, Airline Says
(DBN)

Climate activists in at least 13 countries protest private jets
(DBN)

Video shows a woman on a red-eye flight holding a baby while threatening to kill a United Airlines flight attendant
(DBN)

____________

Climate:

'We didn't think it would be this bad': Beachfront homes in Florida community washed away by rare November hurricane Florida faces destruction once more as storm Nicole leaves 5 dead
(DBN)

How to slash carbon emissions while growing the economy, in one chart
(DBN)

A technologically advanced society is choosing to destroy itself. It’s both fascinating and horrifying to watch
(DBN)

Biden says U.S. "on track" to meet Paris commitment
(DBN)

UN climate talks near halftime with key issues unresolved
(DBN)

US Republicans Tout Fossil Fuels at COP27
(DBN)

Global Emissions Are Actually Getting A Lot Worse Global carbon emissions are still at record highs
(DBN)

Thawing permafrost is the biggest wild card in the climate crisis
(DBN)

Biden says climate efforts ‘more urgent than ever’ at summit
(DBN)

Global recession fears could slow needed climate investments
(DBN)

____________

Pharma:

California expected to partner with nonprofit Civica Rx to produce its own low-cost insulin, sources say
(DBN)

____________

Crypto:

Crypto giant files for bankruptcy as CEO resigns in a stunning downfall FTX’s Freefall Into Bankruptcy Shows Why Case File Is Empty FTX has filed for bankruptcy—what that means for crypto traders FTX filed for bankruptcy. Here’s what account holders need to know about this ‘very messy and complex bankruptcy case.’ FTX Bankruptcy: Hacked, regulated or rug-pulled as traders despairEnron’s Liquidator to Oversee FTX’s Massive Crypto BankruptcyFTX Bankruptcy Leaves Professional Investors, Crypto Financiers in Limbo The fall of crypto exchange FTX is 'worse than Theranos, worse than Madoff' as federal probes mount, former SEC official says The Lehman Brothers of Crypto: Here's how the fall of Sam Bankman-Fried's FTX compares to the collapse that sparked the Great Financial Crisis FTX's terms-of-service forbid trading with customer funds Sam Bankman-Fried’s Alameda quietly used FTX customer funds without raising alarm bells, say sources Crypto Failure is More Like Enron Than Lehman Bankrupt FTX Faces Criminal Investigation in the Bahamas Bermuda-linked company caught up in turmoil of FTX collapse Sam Bankman-Fried Fooled the Crypto World and Maybe Even Himself Could FTX's implosion spill cryptos into a Lehman-style collapse? Here's what Jeremy Siegel, Larry Summers and 7 top experts say lies ahead. Binance CEO Likens FTX Fiasco to 2008 Financial Crisis — Warns of 'Cascading Effects' FTX investigating whether assets were stolen one day after firm files for bankruptcy Tom Brady, Steph Curry and Kevin O’Leary set to lose big from FTX bankruptcy filing Mercedes F1 Team Removes FTX Logo from Cars After Crypto Exchange's Bankruptcy Filing The Heat Are Looking To Rename Their Arena After Crypto Firm FTX Went Bankrupt FTX bankruptcy also endangers founder’s philanthropic gifts How Sam Bankman-Fried’s ‘Effective’ Altruism Blew Up FTX TSM releases statement as major sponsor FTX files for bankruptcy FTX files for bankruptcy, and the fallout begins. Who’s next? What the collapse of FTX means for the future of crypto FTX is investigating 'abnormal transactions' of customer funds after the crypto platform filed for bankruptcy: report FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall Clients out up to $2 billion in crypto giant FTX collapse: reports $2B of clients' money is missing from collapsed crypto exchange FTX: Founder Sam Bankman-Fried denies secretly transferring $10B to trading company run by his girlfriend FTX says there was ‘unauthorized access’ to its accounts after bankruptcy. Analysts suspect an inside job FTX held less than $1bn in liquid assets against $9bn in liabilities FTX investigating a possible $473 million hack FTX targeted in $400M hack as bankruptcy unfolds FTX says it’s removing trading and withdrawals, moving digital assets to a cold wallet after a $477 million suspected hack Bankrupt FTX Hit by Mysterious Outflow of About $662 Million Untangling two threads about FTX and user funds Heat ending arena deal with FTX Arena after cryptocurrency company's collapse FTX Owes Miami $16.5M For Arena Sponsorship Cancellation Sam Bankman-Fried charmed Washington. Then his crypto empire imploded. Inside Sam Bankman-Fried's call with investors Before his epic fall, Sam Bankman-Fried was hailed as a crypto genius. Some clients saw smoke and mirrors Elon Musk says FTX founder Sam Bankman-Fried set his 'BS meter' off when he tried to join $44b Twitter purchase The collapse of crypto firm FTX and its superstar founder explained: Here's what happened and what it all means FTX users may be attempting to cash out through a Bahamas loophole Sam Bankman-Fried reportedly denies fleeing to Argentina FTX founder and two senior execs are 'under observation by authorities' holed-up in luxurious Bahamas resort Binance CEO Plans Recovery Fund, Laments Bad Actors Sam Bankman-Fried and Crypto Mania Wouldn't Exist Without the Pandemic Rise and fall of crypto exchange FTX
(DBN)

Crypto-currency billionaire broke the bank for Dems
(DBN)

$24b to zero: Sam Bankman-Fried’s fortune dissolves in days
(DBN)

Crypto faces a serious risk of broader contagion as FTX collapses and it's unclear how deep it will go, Citi analyst says
(DBN)

You Can Forget About Crypto Now
(DBN)

Cryptocurrency Solana Collapses
(DBN)

Crypto Exchange AAX Suspends Withdrawals
(DBN)

Crypto exchange Kraken freezes accounts related to FTX and Alameda
(DBN)

Binance halts FTT deposits, CEO says Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Unexpectedly Released
(DBN)

As regulators scrutinize FTX, investor focus swings to Crypto.com Crypto.com says balance sheet strong, exchange not in trouble
(DBN)

Bitcoin May Plunge To $13,000 On Crypto Exchange Turmoil JPMorgan Reveals Shock ‘Cascade’ Bitcoin Price Prediction After Stunning FTX Meltdown
(DBN)

Big Investors Are Giving Up on Crypto Markets Going Mainstream
(DBN)

Crypto.com Recovers $400 Million After Misplaced Ether Transfer
(DBN)

Bitcoin Fifth Biggest Crash of All Time
(DBN)

No one is coming to save the crypto industry
(DBN)

A 30-year-old entrepreneur woke up on Monday still a billionaire, but by Friday his fortune was wiped out
(DBN)

For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses
(DBN)

US Treasury Secretary Yellen says the crypto market needs 'very careful regulation' amid FTX's dramatic collapse Binance CEO says crypto industry needs clarity of regulations
(DBN)

Warren Buffett dismissed bitcoin as a worthless delusion and 'rat poison squared.' Here are his 16 best quotes about crypto.
(DBN)

____________

Sovereigns:

Over 50 poor nations in danger of bankruptcy: UN official
(DBN)

____________

UK:

Kent County Council writes to Chancellor Jeremy Hunt to warn that without government help it faces bankruptcy
(DBN)

‘Vaccination-style’ intervention needed for energy crisis, UK energy CEO says
(DBN)

____________

Canada:

Supreme Court Clarifies Enforceability of Arbitration Clauses in Insolvency Proceedings
(DBN)

____________

Russia:

Ukrainian police, TV broadcasts return to long-occupied city No water, power or internet -- only euphoria in newly liberated Kherson Russia’s withdrawal from Kherson is a humiliating setback. Here’s what it means for the war Western countries hail Russia's withdrawal from Kherson West’s Himars opened the door to Ukraine’s liberation of Kherson Celebrations in Kherson as Ukrainians attempt to stabilize city after Russian retreat Ukraine vows to drive out Russian forces after retaking Kherson Zelensky vows to keep pushing Russia out of Ukraine after Moscow’s withdrawal from Kherson
(DBN)

Retreating Russians Destroying Infrastructure
(DBN)

Here are the three big issues facing Ukraine as winter approaches
(DBN)

As Russian Army Falters in Ukraine, Paramilitary Leader Close to Putin Flexes Power Top Kremlin Darling Shocks Putin Officials With Backstabbing Spree Vladimir Putin stays silent as propagandists try to justify Kherson retreat Putin Ally Demands ‘Full-Scale War’ to Push NATO Back After Kherson Defeat
(DBN)

Ukraine FM: Moscow playing ‘hunger games’ with world
(DBN)

Russia and Ukraine are firing 24,000 or more artillery rounds a day
(DBN)

Ukraine won’t pause its offensives for the winter, claims military chief
(DBN)

Brittney Griner Is Headed to a Truly Horrific Place
(DBN)

____________

China:

Biden and Xi Have Private Meeting at G20 Summit
(DBN)

China Moves to Save Property Sector
(DBN)

Virus lockdowns hit China economic powerhouse Guangzhou
(DBN)

China tightens restrictions as rise in virus cases reported
(DBN)

China eases some quarantine for travelers even as cases rise
(DBN)

China’s Xi, out of COVID bubble, faces changed world at G-20
(DBN)

____________

MENA:

One of Iran's most famous actors poses with her hair down in public display of defiance Iran court sentences protester to death
(DBN)

Taliban ban women from parks and gyms in Afghanistan
(DBN)

U.S. intelligence report says key gulf ally meddled in American politics
(DBN)

____________

India:

Separate Insolvency Process for MSME's under IBC
(DBN)

Who is Nishad Singh, the Indian-origin techie under scrutiny for crypto exchange FTX’s collapse?
(DBN)

____________

South Korea:

Korean crypto stocks plunge amid FTX bankruptcy
(DBN)

____________

Hong Kong:

FTX collapse does not change Hong Kong’s ‘cautious’ approach to becoming crypto hub
(DBN)

____________

Mexico:

Massive Turnout to Defend Mexican Democracy
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $71.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2022