November 17, 2022

The Daily Bankruptcy News

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Law:

More Associate Cuts Ahead Thanks To Biglaw's Negative Financial Outlook
(DBN)

Big Law Defies Economics as Firms Prepare Record Rate Increases
(DBN)

Suspended Biglaw Associate Disbarred After Guilty Plea In Molotov Cocktail Attack 2 lawyers are disbarred for conspiring to throw Molotov cocktail at empty police car
(DBN)

Once You Leave Biglaw, Not Many People Want To Go Back
(DBN)

Biglaw Firm Merging With Minority-Owned Boutique To Create Coast-To-Coast Firm
(DBN)

Clients Usually Shouldn't Micromanage Lawyers
(DBN)

Yale Law School Pulls Out Of U.S. News Rankings Like Michael Jordan Skipping Slam Dunk Contest Law school ranked No. 1 by US News will no longer participate in its rankings
(DBN)

‘Woke’ Wars: Discrimination Takes On A Whole New Meaning For This ’Civil Rights’ Movement
(DBN)

Liberal Philadelphia DA is impeached by Pennsylvania House; what are the allegations?
(DBN)

Trump 2024 bid won’t deter DOJ amid criminal probes 'It's Dangerous': George Conway Accuses Trump of Blackmailing Dept. of Justice With Threats of Violence if He's Indicted No, an indictment wouldn’t end Trump’s run for presidency – he could even campaign or serve from jail cell Trump’s Presidential Run Faces Legal Challenges Over His Role in Jan. 6 ‘Insurrection’
(DBN)

Oath Keepers defendant compares storming of U.S. Capitol to 'Black Friday' Jan. 6 panel calls out Pence after he slams committee as being 'partisan' January 6 panel claps back at Mike Pence for refusing to testify and calling them 'partisan,' saying he's 'misrepresenting' their work while promoting his memoir Transgender Oath Keeper Tells Jury Bullying Sent Her 'AWOL' from Army, Before 'Steady Diet' of Alex Jones Drove Her to the Militia Texas Man Seen Carrying Zip Ties in Capitol Building on Jan. 6 Convicted of Felony, Misdemeanors at Trial Oath Keepers Member Accused of Organizing Armed Group Claims 'Storming the Castle' Facebook Post Was Only a Reference to 'The Princess Bride' Jury deliberations begin for woman charged in theft of Pelosi laptop
(DBN)

Trump Org Officials Testify No One Knew About Fraud Scheme They All Participated In
(DBN)

DOJ Taps Former Scalia Clerk to Help in Mar-a-Lago Document Dispute as Case Heads to Court of Appeals
(DBN)

Donald Trump's Niece Files Notice of Appeal After New York Court Dismisses Inheritance Fraud Lawsuit Against Trump Family
(DBN)

'You Are NOT an Instrumentality of God': Judge Dismisses Darrell Brooks' Mental Health Claims, Sends Waukesha Parade Killer to Die in Prison 'I Don’t Believe You're That Bright': Convicted Murderer Darrell Brooks Criticizes DA After His Mom Suggests 'Society' to Blame for Parade Attack
(DBN)

Transgender Americans facing ‘epidemic of violence’: Human Rights Campaign
(DBN)

LA County Sheriff’s Department Recruits Hit by Car, 11 in Critical Condition
(DBN)

Roommates home when 4 U of Idaho students slaughtered — but called 911 hours later
(DBN)

Senate on verge of history with same-sex marriage vote The significance of the Senate’s historic vote on same-sex marriage
(DBN)

FBI head: China has ‘stolen more’ US data ‘than every other nation combined’
(DBN)

Young NAACP leaders demand gun safety reform following Virginia shooting
(DBN)

Harvey Weinstein demanded actress join threesome after raping her, court hears Harvey Weinstein's Lawyer Calls It Paradoxical That Jennifer Siebel Newsom, California Governor's Wife, Would Try to 'Stop a Rapist by Faking an Orgasm'
(DBN)

Woman Sues Anne Heche's Estate, Says Late Actress 'Ravaged' Her Life by 'Careening' Car into Her Home and Causing Fiery Crash
(DBN)

Court won't reconsider block of Arkansas trans care law
(DBN)

Boy evades abduction attempt by asking cashier to pretend to be his mother
(DBN)

Lori Vallow is Once Again Competent to Stand Trial in Children's Murder, Judge Rules
(DBN)

Air Force, FBI raid homes in probe of Area 51 website
(DBN)

Jewish Graves Defaced in Illinois
(DBN)

Title 42 to end in 5 weeks as experts warn striking down policy will lead to 18K migrants crossing daily Texas governor invokes obscure constitutional provision to repel ‘border invasion;’ judge strikes down Title 42 next day
(DBN)


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Judges:

Supreme Court's Justices Bad History Lessons
(DBN)

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Wall Street:

Stock futures are little changed as investors weigh cross currents of latest earnings
(DBN)

S&P 500 closes lower after Target’s warning drags on retail stocks, Nasdaq falls 1.5%
(DBN)

The global stock market rally could be about to meet recession reality
(DBN)

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Layoffs:

Silence from the top: 48 hours of chaos inside Amazon’s massive layoffs Amazon is looking to trim headcount through a voluntary buyout program
(DBN)

Outside Media Lays Off 12% of Staff
(DBN)

Asana Layoffs Impact Big Chunk of Workforce in San Francisco
(DBN)

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Politics:

Republicans win slim House majority, complicating ambitious agenda The GOP captures the House — and is ready for revenge
(DBN)

What Americans should know about divided government
(DBN)

GOP House Majority Has a Message for Woke Big Business
(DBN)

The GOP had terrible Senate candidates and it really did sink them
(DBN)

Herschel Walker veered off in a campaign speech to rant about werewolves killing vampires
(DBN)

Donald Trump makes bizarre promise to 'plant the American flag on Mars very soon'
(DBN)

Two anonymous $425 million donations give dark money conservative group a massive haul
(DBN)

Trump’s 2024 odds in free fall; Biden and DeSantis would beat him Trump Security Kept People From Walking Out of His ‘Low-Energy’ 2024 Campaign Launch NY Post Viciously Trolls Trump 2024 Announcement With Front Page Insult National Review on Trump in 2024: ‘No’ Republicans divided as Trump kicks off 2024 bid Murdoch Has Dumped Other Allies Before Trump Broadcast nets take pass on announcement Ex-Trump defense chief: ‘He’s unfit for office,’ shouldn’t run Pompeo dings Trump: GOP needs leader who doesn’t claim ‘victimhood’ It’s Day 1 of the Trump Campaign—and His Donors Are Already Exhausted The AP Interview: Pence says voters want new leadership McCarthy won't say if he'll endorse Trump after 2024 announcement Republicans Are Stuck With Him Legal Efforts to Disqualify Trump from Holding Office Again Intensify After He Announces 2024 Presidential Campaign Trump exaggerates record as he launches White House run
(DBN)

Election deniers seize on Lake loss as GOP tries to move past claims
(DBN)

Democrats Move to Intervene as Defendants in Lawsuit by Arizona GOP Officials in Increasingly Wild Hand-Count Controversy Over Ballots
(DBN)

AZ: Voters Say No to Tighter Voter ID Law
(DBN)

Voters in Great Lake states deliver election deniers stiff rebuke
(DBN)

What Trump vs. DeSantis says about the future of the American right
(DBN)

GOP acrimony spills over at heated Senate lunch Republican infighting roils Congress as midterms fallout continues McConnell defeats Scott in last-minute race for Senate GOP leader Why some Republican senators are revolting against Mitch McConnell
(DBN)

Warnock joins Democrats’ lawsuit to allow Saturday voting in Georgia runoff
(DBN)

Boebert holds edge as House race heads to likely recount
(DBN)

The not-so-lame duck session
(DBN)

The Grim Omen From the Midterms Democrats Are Not Talking About
(DBN)

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Economy:

Why the labor shortage will stick around — and is good news for worker pay
(DBN)

The middle class is getting left behind as low earners win higher wages and the richest see their wealth grow
(DBN)

Thanksgiving meals 20 percent more expensive than last year: report
(DBN)

Goldman Sachs pushing for Small Business Administration reauthorization
(DBN)

Business incomes, partnerships rife with unpaid taxes, experts say
(DBN)

Male Sperm Count Fall Accelerates
(DBN)

Democrats have to head off another debt ceiling standoff while they still can
(DBN)

Russia's economy has finally fallen into recession, 8 months after it invaded Ukraine IMF: Russia-Ukraine war is ‘single most important negative factor’ for global economy
(DBN)

The nefarious new way companies are discriminating against remote workers: time-zone prejudice
(DBN)

Meet Your New Corporate Office Mate: A ‘Brainless’ Robot
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAHB: Builder Confidence Decreased Further in November
(DBN)

AIA: Architecture Billings Index "decreases considerably" in October
(DBN)

The Landlord & the Tenant
(DBN)

Distressed Tampa-Area Retail Center Changes Hands
(DBN)

He Thought His Home Might Sell for $30 Million. Fifteen Months Later, It’s ‘The Steal of the Century.’
(WSJ)

Rock Hill, Tepper tentatively agree to $20 million settlement in failed Panthers project
(DBN)

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Municipalities:

Puerto Rico Gambling Laws Seek To Help Combat Long Standing Financial Crisis
(DBN)

Puerto Rico HTA bankruptcy judge rejects stay on plan of adjustment
(DBN)

PREPA fuel line lenders say they have proof to stop restructuring
(DBN)

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Oil/Gas:

Diesel Price Sees Third Biggest Monthly Increase on Record
(DBN)

Volkswagen Is Working On A Hydrogen Car With 1,242 Miles Of Range
(DBN)

Herschel Walker: We Need Gas Guzzling Cars
(DBN)

Shareholders Rejoice As Energy Companies Dish Out Record Dividends
(DBN)

Oil Prices Fall On Easing Geopolitical Tensions
(DBN)

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Crypto:

Bankman-Fried Tells His Side of the Story of FTX Collapse in Tweets FTX’s new CEO John Ray coldly addresses SBF’s erratic tweets Sam Bankman-Fried's Frequent Commenting Draws Icy Response From FTX's Restructuring Chief Sam Bankman-Fried tries to explain himself FTX’s former CEO claims crypto exchange is still solvent Bankman-Fried says filing for FTX bankruptcy was a mistake ‘Bare-bones’ FTX Bankruptcy Filings Are Likely Bad Investor Omen, Lawyers Say FTX Collapses Into Bankruptcy System That Still Hasn’t Figured Out Crypto Sam Bankman-Fried says he regrets filing for bankruptcy Sam Bankman-Fried admits FTX got ‘overconfident and careless’ ahead of collapse Bankman and the Bastardization of Bankruptcy Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings The man who lost £27billion in a week Bahamian liquidators reject validity of FTX’s US bankruptcy filing FTX Management, Bahamas Gear Up for Fight Over Control of Bankruptcy FTX’s Bahamas unit files for bankruptcy in New York Bahamian Liquidators Say FTX Wasn’t Authorized to File for Bankruptcy in the US Tom Brady, Gisele Bundchen, David Ortiz among celebrities named in FTX crypto lawsuit FTX logo removed from University of California football field The impact of Sam Bankman-Fried’s support for Democrats is massively overstated Before FTX collapse, founder poured millions into pandemic prevention FTX bankruptcy is bad news for the charities that crypto mogul Sam Bankman-Fried generously supported Singapore's deputy PM: FTX case has raised 'serious allegations' FTX Creates Crypto Contagion Sam Bankman-Fried wanted to let retail investors borrow money to trade crypto derivatives: CFTC head Bankman-Fried claims FTX has £7.6bn assets as bankruptcy shockwaves continue Coinbase CFO says full contagion impact of FTX collapse still to show How did Sam Bankman-Fried happen? Stunning Collapse of Global Cryptocurrency Exchange FTX Leads to Bankruptcy FTX bankruptcy will offer a look behind crypto’s dark curtain FTX collapse spells more ‘crypto winter’ pain to come Shark Tank’s Kevin O’Leary Shocks By Saying He Would ‘Still Back’ Sam Bankman-Fried: He's a ‘Great Trader’ A conversation with Shark Tank's Kevin O'Leary on FTX, Sam Bankman-Fried, and crypto regulation. FTX Bankruptcy: What's Next for Customers After Crypto Exchange's Precipitous Collapse What is the FTX scandal? How the celebrity-endorsed crypto giant collapsed into chaos What happened to FTX, and how does it affect crypto traders? Robert Kiyosaki Says Bitcoin Isn't the Problem — Calls Former FTX CEO the 'Bernie Madoff of Crypto' Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse Singapore’s Temasek Writes Off $275 Million Investment In Failed FTX Crypto Exchange These Crypto Market Makers Were Wary of FTX Before Collapse Sam Bankman-Fried's FTX employed a 'company therapist' who looked for 'dating options' for staff, report says. They pulled money out of FTX at last minute before its bankruptcy: 'Thank God I dodged it twice' Passed on investing in FTX, twice, says former Treasury Secretary Steve Mnuchin Disgraced Sam Bankman-Fried blames his ex-girlfriend for FTX collapse and loss of $32BN - as he admits he lied about being moral and calls ethics a 'dumb game we woke Westerners play'
(DBN)

SBF'd
(DBN)

FTX Collapse Spotlights Digital Asset Risks and Compliance Challenges
(DBN)

Like All Currency, Bitcoin Is A Collective Dream, And We All Just Shuddered In Our Sleep
(DBN)

Binance Denies Accusation From UK Lawmaker That It Deliberately Sank FTX
(DBN)

Economist Nouriel Roubini slams crypto ‘carnival barkers’ and Binance CEO as ‘a walking time bomb’ after FTX disaster Binance CEO slams Samuel Bankman-Fried’s behavior, takes aim at Nouriel Roubini
(DBN)

As FTX implodes, the crypto exchange model draws scrutiny
(DBN)

Bitcoin holds steady since FTX collapse
(DBN)

Binance CEO says crypto ‘will be fine’ and announces industry recovery fund
(DBN)

FTX fallout hits crypto lender Genesis; Bankman-Fried, celebs sued Once valued at US$10 billion, crypto empire behind Genesis caught up in FTX turmoil
(DBN)

Crypto lender BlockFi plans bankruptcy filing within days in FTX fallout
(DBN)

House committee announces hearing into FTX collapse featuring Bankman-Fried Key House lawmaker calls collapse of crypto exchange FTX ‘a dumpster fire’ as Financial Services Committee investigates Former SEC Official Doubts FTX Crash Will Prompt Congress to Act on Crypto Regulations
(DBN)

Crypto Lending Seizes Up as FTX Contagion Spreads
(DBN)

Binance to Relaunch Bid for Bankrupt Lender Voyager: Source Voyager Token Surges on Report Binance to Offer Lifeline to the Bankrupt Crypto Lender
(DBN)

The collapse of FTX demands a reckoning in the crypto industry
(DBN)

Welcome to the crypto ice age
(DBN)

There will be no bailout. Crypto deserves its unhappy end
(DBN)

Effective altruism gave rise to Sam Bankman-Fried. Now it’s facing a moral reckoning.
(DBN)

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Waste:

Metro Service Group dinged for missing insurance proof, tax returns, financial filings
(DBN)

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Tech:

Elon Musk can’t take a joke Kara Swisher and Scott Galloway: 'Trump Looks Like an Adult Compared to Elon' A comprehensive guide to how Elon Musk is changing Twitter Elon Musk demands Twitter staff commit to ‘long hours’ or leave: Read the email
(DBN)

Get Ready For The Blue Checkmark Lawsuits Would Twitter get Section 230 immunity in lawsuits filed over fake tweets with blue check marks?
(DBN)

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Movie Theaters:

New Black Panther blockbuster’s success raises question on whether people are going back to the movies
(DBN)

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New Bankruptcy Opinions
(0 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 (9 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:

Southwest Airlines pilot hangs from window to retrieve passenger’s cell phone
(DBN)

Best and Worst Airports '22
(DBN)

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Celebs:

Musk says made some Tesla decisions without board approval, defends $56 billion pay Tesla board member says Elon Musk identified potential successor as CEO
(DBN)

Elon Musk says in court that he doesn’t want to be CEO of any company and tries to walk back SEC insults Want to work for Elon? Musk says he's going to be looking for someone else to run Twitter.
(DBN)

A moderator of one of the biggest Kanye West internet forums says the page has been a 'bloodbath' since the rapper's descent into antisemitism and conspiracy theories
(DBN)

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Education:

Harvard And Yale Law Schools Withdraw From U.S. News Rankings, Citing 'Flawed' System
(DBN)

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History:

'By Hands Now Known' shines light on cold cases of lynchings and racial violence
(DBN)

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Hotels:

Urban Commons puts FiDi hotel into bankruptcy
(DBN)

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Finance:

Pessimism Pays
(DBN)

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Healthcare:

A Florida Fund for Injured Kids Raided Medicaid. Now It’s Repaying $51 Million.
(DBN)

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Food/Beverage:

MacLeod Ale Brewing Co abruptly ceases operations
(DBN)

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Retailing:

Target Warns Lame Xmas
(DBN)

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Fraud:

Elizabeth Holmes Says US Is Wrong to Suggest She Marry Her Partner to Pay Debts
(DBN)

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Corporate Reform:

CFPB Asks Supreme Court To Rule On Its Constitutionality
(DBN)

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Television:

No Longer Flush With Cash, TV News Enters Belt-Tightening Era
(DBN)

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Labor:

Starbucks union to strike at more than 100 locations on sales-heavy Red Cup Day
(DBN)

Newspaper union plans protest at publisher's wedding reception
(DBN)

Texas Tesla Factory Built on Wage Theft
(DBN)

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Climate:

The energy transition will fail unless industry fixes wind power issues: CEO
(DBN)

Bankers bet billions on new wave of debt-for-nature deals
(DBN)

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Student Debt:

President Biden's Student Loan Forgiveness Plan Might Have Been A Political Stunt All Along
(DBN)

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Transit:

Impending fiscal cliff ‘will destroy MTA’ without state aid: watchdog
(DBN)

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UK:

Bankruptcies rise 11%
(DBN)

UK announces tax hikes and spending cuts, says country in recession
(DBN)

Creditors of failed contractor set to miss out on £9.5m
(DBN)

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EU:

The boundaries of the insolvency exclusion under the EAPO Regulation: A recent judgment from Slovakia
(DBN)

EU Monitors FTX Collapse as Major Crypto Law Enters Final Stages
(DBN)

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Canada:

Canadians have lost more than $131 billion investing in cannabis companies
(DBN)

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Russia:

NATO chief: Missile blast in Poland likely caused by Ukrainian air defense system Ukraine refuses to accept it was behind Poland blast, despite NATO forgiveness Biden Disputes Zelenskiy Claim on Missile That Hit Poland Zelenskiy Softens Stance on Rocket Origin After Biden Comment The international missile incident in Poland that wasn’t
(DBN)

Cold, dark confusion grips Ukraine after Putin’s missile barrage
(DBN)

Republicans Pledge to Give Ukraine Aid Tough Scrutiny With House Control
(DBN)

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India:

Bankruptcy Board chief asks banks to initiate proceedings soon after NPA classification
(DBN)

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Mexico:

Credito Real in talks with bondholders as bankruptcy ruling looms
(DBN)

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South Korea:

South Korean Prosecutors Raid Terra Co-Founder's Company in UST Probe
(DBN)

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Australia:

First in Line in Australia: Resolving Competing Priorities Regimes When Winding up Companies in a Partnership
(DBN)

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China:

Evergrande eyes onshore assets as sweetener for offshore debt restructuring
(DBN)

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