November 21, 2022

The Daily Bankruptcy News

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Law:

Law Schools Dropping Out Of US News Rankings Like It's A Crypto Exchange
(DBN)

Biglaw Firms Are Coming For Associate Jobs, Bonuses Based On Office Attendance
(DBN)

Top FBI official in L.A. formally recuses himself from investigation into Tom Girardi and his law firm
(DBN)

Big Law’s ‘Wokeness’ Is Driving Conservatives Batty
(DBN)

Jones Day Lifer Takes Reins as `Trump’s Law Firm’ Enters New Era
(DBN)

Are Online Law School Classes To Blame For Decline In First-Time Bar Exam Pass Rates?
(DBN)

Biglaw Prepares For Record Billable Rate Increase, Despite A Drop In Demand
(DBN)

External pressures are biggest threats to law firm profitability: Thomson Reuters report
(DBN)

What most worries law firm business leaders? Cyberattacks, economy and associate pay, new report says
(DBN)

ABA Legal Ed council advances proposal to make law school admissions tests optional
(DBN)

Lawyers Cannot Create Facts
(DBN)

Attorney General Merrick Garland names Jack Smith special counsel in Trump criminal probes Special Counsel Tapped by Merrick Garland to Investigate Trump Formerly Prosecuted Top Democrats and Republicans Who is Jack Smith, the special counsel investigating Donald Trump? Veteran prosecutor is appointed as special counsel to oversee 2 ongoing probes involving Trump DOJ Names Former Corruption Prosecutor Jack Smith As New Chief Villain In Right-Wing Fever Dreams Jack Smith Named Special Counsel to Lead DOJ Probes of Donald Trump New Special Counsel Schooled in Corruption Cases Fast-working, relentless Bill Barr: ‘It’s becoming increasingly more likely’ Trump is indicted Rosenstein: Trump special counsel appointment signals DOJ belief in a ‘viable potential case’ For experts, the evidence in two probes compels charging Trump Trump explodes at special counsel appointment: ‘I am not going to partake in it’ The perils for Trump, Garland and special counsel Smith in Washington’s new legal arms race
(DBN)

Pence: FBI search at Mar-a-Lago "sent the wrong message" Pence suggests DOJ didn’t try hard enough to get documents from Mar-a-Lago before search
(DBN)

Woodward on Trump's Criminality; It's Taped
(DBN)

Attorneys for Trump, Who Said He Was Too Busy to Sue Clinton While He Was President, Now Seek More Time for Appeal of RICO Dismissal
(DBN)

'It Was Completely Legal to Do So': Lawyers React to Report that Trump Tweeted Classified Spy Material in 2019
(DBN)

'You Didn't Love America That Day': Federal Judge Sends Jan. 6 Rioter to Prison for Obstruction, Stealing Coat Rack and Bourbon from Capitol Stewart Rhodes' Lawyer Blames 'Media'-Fueled 'Misconceptions' for Oath Keepers' Bad Rap, Tells Jurors 'Venting' Isn't Seditious Conspiracy Oath Keepers Chatter About 'Civil War' Was a 'Sincere' Plan, Not the 'Rantings and Ravings of Old Men at a Barber Shop,' Prosecutor Tells Jury
(DBN)

Alex Jones' Lawyer Sues Big Pharma Over Mandates: Plaintiffs Can't Be Vaccinated Because Their Bodies Are 'Temples of the Holy Spirit'
(DBN)

GOP operative convicted of funneling Russian donation to Trump’s 2016 campaign
(DBN)

Alabama fails to complete lethal injection for 3rd time
(DBN)

Investigators Trace Final Steps of Four Slain University of Idaho Students as Frantic Search for Stabbing Suspect Continues Idaho police investigating stabbing deaths ask for patience
(DBN)

5 killed after gunman opens fire at gay nightclub in Colorado Springs Suspect identified in Club Q shooting that killed 5, injured 18 Club Q 'heroic customers' subdued gunman and saved lives, officials say Colorado Springs barman 'thought he'd die' after gay nightclub shooting left five dead Club Q a "haven" for Colorado Springs LGBTQ community Patrons in gay club shooting hit gunman with his own weapon
(DBN)

Anti-transgender legislation resonates on Day of Remembrance
(DBN)

2 arrested at Penn Station in probe of threat to Jewish community
(DBN)

Police Report on 'Rust' Shows Negligence, Disorder on Set
(DBN)

Prosecutors Rest Sexual Assault Case Against Harvey Weinstein Without Calling Mel Gibson to the Witness Stand
(DBN)

Federal judge blocks Florida’s ban on ‘woke’ instruction by public universities
(DBN)

Immunity Denied To Deputies Who Tried To Turn Muscular Dystrophy Into Reasonable Suspicion
(DBN)

Prosecutor Wants to Drop Indictment Against 'Survivor of Domestic Violence' Charged with Stabbing Husband to Death
(DBN)

Cold Case Closed Decades After Victim Was Robbed and Murdered by a Woman Who Drank with Him at a Florida Bar: Cops
(DBN)

Man Robbed Bank Using Back of His Birth Certificate as Note to Teller While Wearing Ankle Monitor from Another Case — All to 'Prove a Point' to His Lover: Feds
(DBN)

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Judges:

Judge George R. Hodges is recalled into service as a United States Bankruptcy Judge
(DBN)

Alito denies involvement in leak of 2014 contraception case: reports 'Completely False': Alito Denies Leaking Hobby Lobby Ruling While Dining with Christian Friends Weeks Before Official 2014 Decision The Senate Judiciary Committee will review reports that Alito's Hobby Lobby decision was leaked to an anti-abortion leader: 'another black mark on the Supreme Court's increasingly marred ethical record'
(DBN)

Allegation of Supreme Court Breach Prompts Calls for Inquiry and Ethics Code
(DBN)

You Live By The Gavel, You Get Sentenced To Prison By The Gavel
(DBN)

The SCOTUS Tortoise And The Hare
(DBN)

Judge Didn't Believe Lawyer Had A Stroke. But He Did... Because NO ONE FAKES A STROKE!
(DBN)

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Wall Street:

Stock futures fall to start holiday shortened trading week; Disney jumps on CEO change U.S. stocks set for mixed open amid focus on Fed, China
(DBN)

S&P 500 closes higher on Friday, but ends week with losses
(DBN)

Bearish bets build in the stock market
(DBN)

Baby, It’s Cold Outside On Wall Street
(DBN)

Goldman Sachs Strategists Say Bear Market Will Last in 2023
(DBN)

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Layoffs:

Layoffs mount, and Main Street still can’t find any workers to hire for open jobs
(DBN)

Twitter Will Not Seek Legal Releases from Laid-Off Employees — For Now
(DBN)

Elon Musk’s Twitter Teeters on the Edge After Another 1,200 Leave Elon Musk is considering even more layoffs, this time in Twitter's sales and partnerships teams, report says Twitter Head of France Quits, Says ‘It’s Over’ in Staff Exodus
(DBN)

Thousands of Meta workers signed up to Blind the day before Mark Zuckerberg announced mass layoffs
(DBN)

Robot Delivery Firm Laying Off 20% of Workers
(DBN)

Deutsche Bank CEO Weighs Leveraged Finance Cuts in Broad Review
(DBN)

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Religion:

Accused Albany bishop asks to be removed from priesthood
(DBN)

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Gambling:

Key Findings From The Times’ Investigation of Sports Betting
(DBN)

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Fraud:

Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison Federal Judge Sentences Elizabeth Holmes to More Than a Decade in Prison for Theranos Investment Fraud
(DBN)

Two Pharmacy Owners Plead Guilty in $18M Foreign Medicare Fraud Scheme
(DBN)

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Corporate Governance:

The Myth of the Savior CEO
(DBN)

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Autos:

The Collapse of Carvana Continues Carvana Faces Cash Crunch From High Debt, Rising Interest Rates
(DBN)

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Ticketing:

Taylor Swift ticketing fiasco renews criticism of Ticketmaster monopoly
(DBN)

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Retailing:

Are Sears Stores Still Open? Christmas 2022 Could Be Its Last
(DBN)

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Healthcare:

COVID Nov 18, 2022: Update on Cases, Hospitalizations and Deaths
(DBN)

Flu variant that hits kids and seniors harder than usual is dominant in U.S. now Flu hospitalization rate highest in over a decade
(DBN)

Half of younger primary care physicians burned out, older physicians anticipate leaving profession: survey
(DBN)

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Economy:

Employers plan 2023 pay increases of 4.6%, slightly above this year’s 4.2%
(DBN)

Early Q4 GDP Tracking
(DBN)

Asia-Pacific leaders condemn war, renew calls for open trade 26 minutes ago
(DBN)

White House on Taylor Swift Ticketmaster debacle: Capitalism needs competition
(DBN)

Boomers' elder care crisis
(DBN)

LA Port Traffic Down Sharply in October
(DBN)

Texas Food Bank Lines as Long as Ever
(DBN)

How Europe’s Energy Crisis Could Turn Into A Food Crisis Race to Secure Gas for Europe’s Future Winters Has Already Begun Russia Loses 90% of Its Key European Market Before Sanctions Europe’s Energy Exchanges Warn Gas Price Cap to Backfire on EU
(DBN)

Freight demand has not found the floor
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Existing-Home Sales Decreased to 4.43 million SAAR in October More Analysis on October Existing Home Sales
(DBN)

Buyers need a 6-figure income to afford a ‘typical’ home, report finds
(DBN)

Here’s how much homebuyers could save after mortgage rates tumble
(DBN)

Failed Panthers HQ bankruptcy nears end as Rock Hill seeks ownership of site
(DBN)

Tenants Beware: When Your Deposit Lacks Security
(DBN)

Matson settlement with LandAmerica estate gets judge’s approval
(DBN)

Sweden’s Housing Market Rout Deepens in Showcase for World
(DBN)

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Municipalities:

Jackson City Council approves EPA plan for long-term water solutions
(DBN)

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Oil/Gas:

M&A Boom May Not Lead To Drilling Spree In U.S Shale
(DBN)

Goldman Sachs cuts oil forecast by $10 to $100 per barrel
(DBN)

Oil sinks as China's struggle with COVID blights demand outlook
(DBN)

Today's Energy Crisis is Unique
(DBN)

____________

Student Debt:

DOJ and DOE New Guidelines for Supporting Student Loan Discharge in Bankruptcy = More Student Loan Discharges?
(DBN)

Justice Department and Department of Education Announce a Fairer and More Accessible Bankruptcy Discharge Process for Student Loan Borrowers
(DBN)

Biden administration asks justices to revive student-debt relief plan after lower court blocked it
(DBN)

Some student loan relief applicants get approval notice from Dept of Ed.
(DBN)

____________

Climate:

Despair, lack of progress at climate talks, yet hope blooms
(DBN)

COP27 summit yields historic deal on climate damage fund UN climate deal: Calamity cash, but no new emissions cuts Success or COP-out: How do this year’s climate talks rate? today Landmark fund to help poor countries cover impact of climate change approved at U.N. summit
(DBN)

COP26 Pact Not Enough to Save the Planet
(DBN)

5 Key Takeaways from COP27
(DBN)

Inside the Billion-Dollar Market for Junk Carbon Offsets
(DBN)

As climate warms, a China planner advocates "sponge cities"
(DBN)

National Guard activated amid deadly western New York snow storm that has dropped more than 6 feet of snow in region Historic storm blankets part of New York in over 75 inches of snow Parts of NY dig out after potentially ‘historic’ snowfall
(DBN)

9 in 10 US Counties Experienced Climate Disaster
(DBN)

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Tech:

Read Elon Musk’s Friday emails to Twitter engineers asking them to come to work
(DBN)

Brutal Nickname For Elon Musk Goes Mega-Viral On His Twitter
(DBN)

Where Did Elon Musk Get All Of His Legal Training?
(DBN)

How likely is a complete Twitter meltdown?
(DBN)

Elon Musk's backers cheer him on, even if they aren't sure what he's doing to Twitter
(DBN)

What derails Elon Musk's Twitter experiment might not be legislators or users, but exhausted employees rebelling against hustle culture
(DBN)

Musk reinstates Trump's Twitter account after poll Elon Musk invited Donald Trump back to Twitter. But Truth Social may get in the way. Trump says he has no interest in returning to Twitter after reinstatement Trump’s Twitter reinstatement doesn’t make “any difference”: Kara Swisher Musk draws fire after lifting Twitter ban on Donald Trump
(DBN)

Alex Jones Stays Banned
(DBN)

CBS News resumes Twitter use after "uncertainty" following Musk takeover
(DBN)

Beware self-made ‘genius’ entrepreneurs promising the earth. Just look at Elon Musk
(DBN)

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Art:

Soot, fires and endless paperwork: litigation explodes across the art world
(DBN)

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Politics:

House GOP pushes Hunter Biden probe despite thin majority
(DBN)

Biden at 80: A 'respecter of fate' mulls 2nd White House bid As Biden turns 80, Americans ask 'What's too old?'
(DBN)

Frisch concedes to MAGA Republican Boebert in tight race for Colorado House seat
(DBN)

Marjorie Taylor Greene preps for second term with more power
(DBN)

Paul Ryan blames Trump for Republicans' midterm losses ‘We stick with Trump, we keep losing elections’: Former House Speaker Paul Ryan 'Say his name': Christie declares time has come to dethrone Trump if GOP wants to win in 2024 Christie rebukes Trump: ‘It is time to stop whispering… It is time to stop being afraid of any one person’ Trump faces potential fundraising problem as megadonors jump ship Trump may not make it to the primaries Trump-DeSantis Collision Gets Closer at Early Showcase for 2024 After winning the Senate, Democrats' campaign chief warns GOP: Trump will continue to drag you down The GOP’s double-trouble Trump trap Trump’s Not Done with America. And America Just Might Not Be Done with Him.
(DBN)

Trump's White House blocked government websites aimed at helping Americans vote, fighting human trafficking, easing homelessness, and stopping fraud, federal records show
(DBN)

GOP’s lackluster fundraising spurs post-election infighting
(DBN)

Pence says he was ‘disappointed’ by Meadows’s performance as Trump chief of staff
(DBN)

‘Window-shopping’ GOP elites weigh Trump – and the alternatives – at high-profile Vegas gathering
(DBN)

Nikki Haley hints at 2024 presidential run during Republican Jewish Coalition speech: 'I've never lost'
(DBN)

Arizona county board delays certifying election results
(DBN)

Kari Lake campaign denies threatening Maricopa official in leaked phone call How Kari Lake lost her bid for Arizona governor
(DBN)

Judge allows Saturday voting in Georgia's Senate runoff
(DBN)

McCarthy says he'll remove Ilhan Omar from committee assignment
(DBN)

Kinzinger says Pence can’t please both Trump supporters, haters
(DBN)

McConnell-Graham tensions boil over
(DBN)

Democrats’ first leadership shakeup in decades takes shape with no drama — almost
(DBN)

Midterms highlight GOP crossover victories
(DBN)

America's frozen midterms
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

UCC:

Florida Supreme Court Confirms Zero-Tolerance For Misleading UCC Filings
(DBN)

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Aviation:

Jet Airways to slash employee salaries as takeoff delay bites
(DBN

Virgin Atlantic Says Heathrow Must Be Made to Fly Full Capacity
(DBN)

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Mass Torts:

They were diagnosed with uterine cancer and tumors. Now they're suing the makers of chemical hair straighteners.
(DBN)

Statement on NARCO Trust
(DBN)

Judge approves $10 million in real estate sales in archdiocese bankruptcy case
(DBN)

Judge gives Norwich diocese a sixth extension to file bankruptcy plan
(DBN)

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UST:

U.S. Trustee Program Implements Virtual Section 341 Meetings of Creditors in Region 19 (Colorado, Utah, and Wyoming)
(DBN)

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Coal:

Soaring West Virginia Electricity Prices Trigger Standoff Over the State’s Devotion to Coal Power
(DBN)

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Crypto:

FTX requests Chapter 15 bankruptcy case moved to Delaware, hearing on Tuesday FTX will sell or restructure global empire, CEO says FTX Bankruptcy Takes Toll on Once-Successful Crypto Lenders BlockFi, Genesis Bankrupt FTX Fires Three of Sam Bankman-Fried’s Top Deputies Mark Cuban still believes in crypto despite FTX collapse—here’s why FTX's bankruptcy filings show the situation is much worse than anyone thought. From a million creditors to a stunning lack of oversight, here are the craziest details. How a crypto fall triggered ‘stampede’ liquidation Crypto sleuth debunks 3 biggest misconceptions about the FTX hack They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire Sam Bankman-Fried’s Island Haven Is Drawing Scrutiny After FTX Demise FTX Japan poised for sale as bankruptcy process begins Getting funds out of FTX could take years or even decades: Lawyers FTX Failure Reminds Investors: Crypto Investor Protection Does Not Exist FTX fiasco means coming consequences for crypto in Washington DC FTX founder Sam Bankman-Fried donated $40 million to political campaigns leading into the midterms, leaving some concerned about crypto's place in Washington, report says Bankman-Fried Faces Grilling by Lawmakers He Backed No, FTX didn't funnel Ukraine aid to Democratic candidates A top exec at OKX explains his call with Sam Bankman-Fried as FTX scrambled for a rescue - and why he couldn't give him a billion-dollar lifeline FTX asks court for relief to pay critical vendors amid strategic review Who is Caroline Ellison and how did she end up at center of FTX collapse? How Caroline Ellison Landed at the Center of the FTX Crypto Collapse The unbelievably fast world of Caroline Ellison where 'someone suggests something' then 'an hour later and it's already happened' FTX funds on the move as thief converts thousands of ETH into Bitcoin FTX Disclosed Related-Party Transactions but Didn’t Name Names House Oversight Committee Requests Documents and Information From FTX $333 Million in Bitcoin Vanished from FTX Days Before the Company Filed for Bankruptcy Protection FTX’s Sam Bankman-Fried cashed out $300 million during funding spree FTX eyes asset sale amid review Will FTX's Collapse Strand Scientists? FTX Owes Close to $3.1 Billion to Its Top 50 Creditors, Reveals Court Filing FTX Owes Its Largest Creditor $226M; Top 50 Owed Total of About $3.1B The Bahamas could not have prevented FTX's implosion and the country hasn't found deficiencies in its crypto regulation, prime minister says Sam Bankman-Fried Is Going Down Posting Collapsed crypto firm FTX's founder Sam Bankman-Fried has hobbled his own defense against criminal charges with bizarre interviews defending collapse of $32bn exchange, lawyer warns FTX founder's remarks pose challenge for his lawyers SBF ... ing ... himself How FTX’s Sister Firm Brought the Crypto Exchange Down FTX Kept Your Crypto in a Crypt Not a Vault Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme Bankrupt crypto exchange FTX begins strategic review of global assets What Is Next for the FTX Fallout? FTX global assets review begins, new CEO ‘pleased’ some entities have ‘solvent balance sheets’ The fall of FTX and Sam Bankman-Fried might be good for crypto Ripple to consider deals for FTX assets FTX illustrated why banks need to take over cryptocurrency Celebs like Tom Brady, Larry David did ads for crypto giant FTX. Now they're getting sued How did FTX fleece the world’s shrewdest investors? Plaintiffs Set Sights on Bankman-Fried and Other Celebrities Who Promoted Collapsed Cryptocurrency Exchange FTX Wall St. Brokers Look to Buy Rights to Assets Trapped on FTX Traders Flee Crypto Markets After FTX Collapse
(DBN)

Weathering the Latest Storm in The Crypto Winter
(DBN)

US Court Approves Deadline for Celsius Customers to File Proofs of Claim
(DBN)

Wall Street Banks Seen as Unlikely Saviors as Crypto Firms Struggle
(DBN)

Solana Coin, Silvergate Plunge As FTX Contagion Spreads
(DBN)

Inside a Crypto Nemesis’ Campaign to Rein In the Industry
(DBN)

Can Switzerland benefit from the FTX crypto crash?
(DBN)

Pension funds struggle to gauge crypto exposure
(DBN)

Cryptocurrency markets sag as funds drained from FTX switch out of ether and other tokens
(DBN)

Crypto Exchange Tokens Pose ‘Extreme’ Risk, BOE’s Cunliffe Says
(DBN)

Celsius had ‘insufficient’ accounting and operational controls, says examiner
(DBN)

Is This the End Game for Crypto?
(DBN)

Will Unicorns Similar to FTX Become the Next 'Big Short'?
(DBN)

Washington watchdogs outgunned in crypto's Wild West Don’t Expect FTX’s Downfall To Spur Major Crypto Action From Congress Everyone is wondering if better regulation could have prevented FTX's collapse. The answer is both yes and no FTX collapse could trigger ‘appetite’ for harsher regulation, says Andrew Yang SEC Scores Victory in Ongoing Effort to Classify Cryptocurrencies as Securities
(DBN)

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Hotels:

Hotels: Occupancy Rate Up 0.9% Compared to Same Week in 2019
(DBN)

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Sovereigns:

More small emerging market defaults 'probable' in 2023 - Fitch
(DBN)

El Salvador takes risks for Chinese investments
(DBN)

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UK:

Kevin Maguire: 'Brexit is the elephant in the room that leaders can dodge no longer' Time to Admit Brexit Has Been a Disaster UK Won’t Align With EU Laws in Post-Brexit Relationship, Sunak Says
(DBN)

UK Debt Binge Threatens to Haunt Its Bond Market for Years
(DBN)

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EU:

Lane Says ECB Won’t Be Done Raising Rates in December, MNI Says
(DBN)

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Germany:

German employment agency sees no insolvency wave in 2023
(DBN)

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MENA:

Qatar bans sale of beer at World Cup stadiums in about-face 2022 World Cup set to kick off in Qatar with no beer and plenty of critics Qatar Slammed For Banning Beer At Budweiser-Sponsored World Cup: ‘Biggest Bait And Switch In The History Of Organized Sports!’ FIFA head says fans should be able to abstain at World Cup High-rolling World Cup fans will get alcohol at stadiums How Qatar Dropped the Beer at the World Cup Sportswashing and spectacle as Qatar’s World Cup of conflicts kicks off FIFA chief blasts 'hypocrisy' of Western nations on eve of World Cup Day before FIFA World Cup, Qatar faces overcrowding troubles Qatar World Cup Controversies, Explained
(DBN)

____________

Chile:

Chile Set to Spearhead Global Rate Cuts as Boom Turns to Bust
(DBN)

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Russia:

‘We survived’: Kherson comes alive after Russian withdrawal today
(DBN)

Kyiv’s mayor: Extraordinary, in extraordinarily tough times 22 minutes ago
(DBN)

Divided GOP tiptoes on Biden request for more Ukraine aid
(DBN)

UN reviewing video of captured Russian soldiers who appear to have been killed at close range, NYT reports
(DBN)

Iran and Russia reach deal to produce unmanned weaponized aircraft: report
(DBN)

Austin warns Russian war on Ukraine could lead to a ‘dangerous spiral of nuclear proliferation’
(DBN)

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China:

China’s COVID-19 restrictions hit historic Beijing theater
(DBN)

China reports first COVID-19 death in around 6 months
(DBN)

Guangzhou Locks Down Millions on Covid Fight
(DBN)

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