November 23, 2022

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Due to the Thanksgiving holiday, The Daily Bankruptcy News will not publish on Thursday and Friday, November 24-24, 2022

Law:

Some law firms tie in-person work to bonuses and job retention amid demand slowdown
(DBN)

Clients Better Get Ready For Some Supersized Biglaw Rate Increases In 2023
(DBN)

Bonus Season Has Started, But Where Are The Bonuses?
(DBN)

Baker McKenzie Announces Associate Bonuses as High as $115,000
(DBN)

The Gender Gap in Restructuring
(DBN)

Law School Deans Say Ending The ABA's LSAT Requirement Will Hurt Diversity... But Would It?
(DBN)

More than $2M in sanctions sought against Gibson Dunn and Facebook
(DBN)

‘We’re just mean people’ excuse fails to persuade Texas court on sanctions
(DBN)

Crank Harvard Law Professor Trolled By Crank Comedian In Bizarre World Collision
(DBN)

The 2022 In-House Compensation Report Is Here!
(DBN)

UCLA law school joins exodus from U.S. News rankings as movement expands
(DBN)

Yale and Harvard Can’t Quit The ATL Law School Rankings
(DBN)

Are Top Tier Law Schools Pulling Away From US News Because Of Concerned Action Or Concerted Action?
(DBN)

A group Taylor Swift fans who are also lawyers is organizing to take on Ticketmaster
(DBN)

Jan. 6 rioter who filmed Pelosi laptop theft jailed after jury convicts her on 6 counts • Woman Accused of Stealing Nancy Pelosi's Laptop During Jan. 6 Capitol Attack Convicted of Felonies — But Not Stealing Government Property
(DBN)

Trump Squares Off With DOJ in Mar-a-Lago Special Master Appeal • Trump's Lawyers Ask Judge for Unsealed Version of Affidavit Supporting Mar-a-Lago Search, Claim Agents Acted with 'Abandon'
(DBN)

Donald Trump will testify in New York court to defend his business empire • Trump lawyer backtracks after suggesting he will testify in New York trial to defend his business empire
(DBN)

Supreme Court clears way for House Democrats to get Trump tax returns • Supreme Court refuses to block release of Trump’s tax returns to House committee
(DBN)

Trump Had Losses of $900 Million in Two Years, Jury Told
(DBN)

Trump Lawyers Face Plant Into Eleventh Circuit. Again • 11th Circuit Holds Trump Lawyers' Feet to the Fire in Special Counsel's First Courtroom Match-Up Over Fate of Mar-a-Lago Docs Review
(DBN)

Hillary Clinton Renews Calls for RICO Lawsuit Sanctions, Calls Donald Trump a 'Serial Litigant' Who Files Dubious Cases Against 'His Perceived Foes'
(DBN)

Former President Trump Would Be 'Well-Advised' to Lawyer Up Before E. Jean Carroll Files Her Rape Lawsuit, Federal Judge Warns
(DBN)

Judge Blasts Trump Org Lawyers for Delay Tactics
(DBN)

Smartmatic Subpoenas Former OAN Host and Trump Lawyer Christina Bobb as Part of Multi-Billion Dollar Defamation Brawl
(DBN)

Merrick Garland Is Just Helping Trump Run Out the Clock
(DBN)

Some Advice for Jack Smith, the New Special Counsel in the Trump Investigations • The Education of a Special Counsel
(DBN)

CNN Seeks Dismissal of Trump Suit Over Debunked Election Claim
(DBN)

Lindsey Graham testifies in 2020 election probe
(DBN)

As he begins 2024 run, Trump faces legal challenges in 4 courtrooms in 1 day
(DBN)

DOJ and Trump lawyers spar over special master in Mar-a-Lago case
(DBN)

Colorado veteran who tackled gunman at LGBTQ club describes risking his life to save his family • 'This is all legal': Gun-obsessed Colorado shooting suspect's chilling words to neighbor • Accused Colo. gunman's mom had numerous run-ins with cops • This Sheriff Was All About the Second Amendment Before the Club Q Attack
(DBN)

Multiple People Reported Dead After Shooting At A Virginia Walmart • Walmart Manager Goes Postal Killing 10 • At least seven dead after 'manager' opens fire inside Virginia big box store
(DBN)

How Many Lone Shooter Incidents Happen in the U.S.?
(DBN)

Idaho college murders: "Other friends" were in the house when 911 call was made, police say
(DBN)

15 GOP states ask court to keep Trump-era immigration rule Title 42
(DBN)

Todd and Julie Chrisley's kids post cryptic quotes after parents' 19-year sentencing
(DBN)

Judge Refuses to Ban Gabby Petito's Family from Asking Certain Questions in Depositions of Brian Laundrie's Parents
(DBN)

Appeals court blocks Biden administration officials from being deposed in social media censorship lawsuit
(DBN)

19-year-old daughter asks court to let her watch father's death by injection in Missouri
(DBN)

Police Chief Demanded a -- in Exchange for Dropping Case Against a Woman's Boyfriend, Grand Jury Says
(DBN)

Assisted Living Employee Admits She Recorded Herself Beating Bound and Naked Patient to Show Friends She Doesn't 'Sit on My Butt All Day'
(DBN)

Lawyer’s testimony about client’s threat to ‘bust a cap’ in prosecutor warrants reversal, appeals court says
(DBN)

Woman speaks out after a man — who she alleges broke into her home, raped her, and sent an apology text for doing 'the most heinous thing possible' — was found not guilty
(DBN)

Woman Who Flew 3,000 Miles for Online Date Killed, Allegedly for Her Organs
(DBN)

Indiana AG, Doctor Who Provided Abortion to 10-Year-Old Ohio Girl Issue Dueling Statements as Judge Considers Emergency Injunction
(DBN)

Widow asks jury for $55 million in landmark football head trauma case
(DBN)

Driver charged with homicide after crashing SUV through front window of Apple store in Massachusetts
(DBN)

Read the 2022 winner of the Ross Writing Contest for Legal Short Fiction: ‘Dope Fiend’
(DBN)

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Judges:

The Case for Supreme Court Term Limits Just Got a Lot Better
(DBN)

The Supreme Court has lost the benefit of the doubt
(DBN)

Court disclosure bombshell 'extremely harmful to American politics': legal expert
(DBN)

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Wall Street:

Stock futures are slightly higher as investors look ahead to Fed meeting minutes
(DBN)

The stock market won't see a sustained rally until the Fed starts cutting interest rates - and that won't occur until these 3 things happen, according to JPMorgan
(DBN)

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Layoffs:

HP to cut about 12% jobs by end of fiscal 2025
(DBN)

United Furniture fires more than 2,500 employees days before holiday
(DBN)

Fintech Giant FIS to Cut Thousands of Jobs as New CEO Targets Costs
(DBN)

Elon Musk's 'hardcore' work ultimatum was a deliberate plan to push Twitter employees out after he was warned against cutting more than 50% of staff
(DBN)

Credit Suisse lays off one-third of China-based investment bankers: Report
(DBN)

Plymouth-based manufacturer Turck plans to lay off 100-plus workers
(DBN)

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Education:

Are the U.S. News College Rankings Finally Going to Die?
(DBN)

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Climate:

Dimming the Sun to Cool the Planet Is a Desperate Idea, Yet We’re Inching Toward It
(DBN)

The U.S. and China hold the world's climate future in their hands
(DBN)

In war-torn states hurt by climate, scant hope for new funds
(DBN)

Spain Drought: Catalonia Limits Water Use
(DBN)

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Autos:

Carvana’s Unwinding Triggers Cascade of Warnings on Wall Street
(DBN)

Stellantis Has Glut of Cars Stuck at Plant on Logistics Troubles
(DBN)

November Vehicle Sales Forecast: Down slightly from October; Up 11% Year-over-year
(DBN)

Tesla FSD Doesn't Stop for School Buses Either
(DBN)New evidence twist in Carlos Ghosn’s curious case
(DBN)

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Economy:

Fed Hawkishness Peaks as Rising Debt Payments Erode Savings
(DBN)

Fed Officials Are Focused on Tackling High Inflation, Mester Says
(DBN)

Fed Minutes May Show Debate Over Risks of Aggressive Rate Hikes
(DBN)

World economy to grow 3.1% this year, down from 5.9% : OECD
(DBN)

European Gas Rises as Gazprom Warns of Ukraine Transit Cut • Iranian Weapons Built With Western Semiconductors Despite Sanctions • EU Delivers Nat Gas Price Cap Without “Silver Bullet” • EU Softens Russian Oil Price-Cap Plan Ahead of Approval • EU MPs name Russia 'state which uses means of terrorism' • US to Announce Russian Oil Price Cap
(DBN)

What Do You Want to be When You Grow Up?
(DBN)

A rail strike looms and impact on US economy could be broad • Union Pacific CEO called to hearing in Washington as risk of rail strike rises • Railroad workers are fed up but hoping to avoid a strike
(DBN)

Now Many Americans Retire with $1 Million
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

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

Black Knight: Mortgage Delinquency Rate Increased in October, Impacted by Hurricane
(DBN)

Lawler: Likely "Dramatic shift" in Household Formation has "Major implications" for 2023
(DBN)

Investor home purchases tumble 30% as rising mortgage rates cool housing market
(DBN)

11 U.S. cities where rent is actually cheaper than it was last year
(DBN)

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Municipalities

House lawmakers, advocates want $5B to help Puerto Rico install rooftop solar, storage systems
(DBN)

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Oil/Gas:

Donald Trump’s Claims About Filling The SPR Are Not True
(DBN)

BP Puts Restart of Its Biggest European Oil Refinery on Hold
(DBN)

Ireland to Raise Up to €1.9 Billion From Energy Windfall Tax
(DBN)

Why Cheap US Gas Costs a Fortune in Europe
(DBN)

Mazda raises EV sales target to 40% by 2030, invests $11B to accelerate transition
(DBN)

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Tech:

'This is false!' Meta uses Twitter to deny claims Mark Zuckerberg is resigning as CEO - as its share price rallies after rumors of billionaire Facebook founder's potential departure
(DBN)

Chaos on Twitter Leads a Group of Journalists to Start an Alternative
(DBN)

'Toxic Twitter' activists ramp up pressure on brands after Trump account reinstated
(DBN)

Twitter Loss of More Than Half of Lawyers Brings Expertise Worry
(DBN)

As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid • Elon Musk fired Twitter's head of sales after she refused to sack more employees. He had previously begged her not to resign • Elon Musk puts an end to some Twitter perks, limits expenses due to company's 'challenging' financial situation • The Fall of Twitter? • Truth Social and Parler in limbo as Elon Musk forges ahead
(DBN)Parti

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Crypto:

New Resource on Uniform Commercial Code Reform for Digital Assets including Crytocurrency
(DBN)

Paul, Weiss Backs The Hell Away From Messy FTX Litigation • FTX Lawyer Says ‘Substantial Amount’ of Crypto Firm’s Assets Stolen or Missing • Bankman-Fried Says Collateral Crashed by $51 Billion as FTX Fell • Bahamas to Let Delaware Judge Handle Part of FTX Restructuring Case • Bahamas FTX Liquidators Agree to Transfer Bankruptcy Case to Delaware • FTX’s bankruptcy hearing details prior control by ‘inexperienced and unsophisticated individuals’ • FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys say • FTX Is Allowed to Hide the Identity of Its 50 Biggest Creditors • Judge in FTX case grants privacy to customers, for now • The 3 most important things learned during FTX's first day in bankruptcy court • FTX Collapse Ensnares Creditors Big and Small All Over the World • Staff at a Bahamian restaurant said Sam Bankman-Fried often spent $2,500-a-day on luxury lunches for FTX staff, report says • An FTX customer who lost $750,000 during its collapse has filed a lawsuit against the Golden State Warriors, which had FTX as its 'official cryptocurrency platform' • Silvergate, Provident, Signature Were Banks Holding the Bag in FTX Implosion • FTX Assets Still Missing as Firm Begins Bankruptcy Process • Don’t Let FTX Executives Off the Hook Like Bankers in 2008 • Fallen Hedge Fund Three Arrows Capital’s Founder Says FTX Set Crypto Back Years • Sequoia Capital Regrets Backing FTX But Defends Vetting Process • ‘Betrayed’: FTX meltdown signals end to crypto’s ‘Wild West’ days • Miami-Dade asks for right to remove FTX name from Heat arena • FTX: How Sam Bankman-Fried built a house of cards
(DBN)

Alameda’s Former Co-CEO Used Poker, Blackjack Strategies in Crypto Trading
(DBN)

Crypto Lender Genesis Hires Restructuring Adviser • Genesis calls in shuffling experts in its fight to avoid bankruptcy
(DBN)

Binance CEO Zhao Seeks Middle East Cash for Crypto Recovery Fund
(DBN)

Genesis Bankruptcy Warning Buffets Crypto Markets
(DBN)

Crypto ATM Operator Coin Cloud Discussed Equity From Genesis
(DBN)

Bitcoin Miner Core Scientific Has Lost $1.7 Billion This Year
(DBN)

Crypto’s Latest Mystery Is the Ownership of Major Exchange Huobi
(DBN)

Institutional investors are buying through crypto winter: Survey
(DBN)

Investors flock to short crypto funds, products as negative sentiment deepens
(DBN)

Hochul signs NY law that limits cryptocurrency mining; first in nation
(DBN)

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Celebs:

Todd and Julie Chrisley made an emotional plea for mercy at their sentencing — but the judge could 'not ignore the greed and flamboyance in this case'
(DBN)

Tesla has lost almost $700 billion of market value in the past year - the equivalent of 3 Disneys, 4 Nikes, or 6 Starbucks
(DBN)

Climate Change Is Threatening Hawaii’s Coral Reefs. So They Called the Insurance Guy.
(DBN)

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Corporate Governance:

Elon Musk’s Twitter Role Puts Tesla Board Under New Scrutiny
(DBN)

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Politics:

How one man quietly stitched the American safety net over four decades
(DBN)

Trump’s win-loss record is worse than he pretends
(DBN)

Walker Accuser: But Wait, There's More
(DBN)

Reactivated Marjorie Taylor Greene vows to test 'every limit of free speech' on Twitter
(DBN)

Georgia Appeals Court Upholds Ruling Allowing Early Voting on Saturday • Warnock holds narrow lead over Walker in runoff, AARP poll finds
(DBN)

Arizona's Republican AG Is JUST ASKING QUESTIONS About Voting In Maricopa County
(DBN)

Another Florida Voter Has Illegal Voting Charges Dropped in the Wake of DeSantis-Backed Election Fraud Crackdown
(DBN)

Matt Gaetz 'Wingman' Complains 'Public Figures' Got a Pass in Sex Trafficking Probe, Compares DOJ to 'Nero Fiddling Away as Rome Burns'
(DBN)

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Buses:

Fallen Billionaire Down 98% Boosts Stock Sales at Risky Moment
(DBN)

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Fraud:

Here’s A Fun New Addition To The Fraud Lexicon
(DBN)

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Banking:

Credit Suisse shareholders approve 4 billion Swiss franc capital raise
(DBN)

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Utilities:

Motion filed to remove PG&E bankruptcy judge
(DBN)

World’s Largest Energy Retailer Set to Sell Green Power in US
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

Safe Harbors:

“It’s So Hard to Say Goodbye…”: Judge Drain Bids Farewell to Bench By Urging Congress to Curtail Section 546(e) Safe Harbor
(DBN)

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Executory Contracts:

Arbitration Agreements as Executory Contracts in Bankruptcy After Mission Products Holdings, Inc. v. Tempnology
(DBN)

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Make-Whole:

Roundup: Ultra Petroleum and Contractual Make-Wholes
(DBN)

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Cross-Border:

Recognition of Indonesian Reorganization Plan
(DBN)

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Mass Torts:

'Deeply Offensive': Sandy Hook Plaintiffs File More Than 800 Pages to Stop Alex Jones' Bid for New Trial and Reduction of Damages • Alex Jones loses bid to slash $50 million Sandy Hook defamation verdict • Texas judge backs jury's $49M award against Alex Jones
(DBN)

Pharmacies, drug companies settle lawsuits over U.S. opioid crisis
(DBN)

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UCC:

Uniform Commercial Code: 2022 Amendments — An Overview
(DBN)

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Aviation:

Airlines hope to avoid chaos as T-giving travel begins • Thanksgiving week airport volume surpasses pre-pandemic level for first time • This Thanksgiving weekend, Americans are traveling as if they never heard the words ‘pandemic’ or ‘recession.’ So what’s going on? • Thanksgiving travel rush is back with some new habits
(DBN)

Qantas Boosts Weeks-Old Profit Forecast as Air-Travel Rebound Accelerates
(DBN)

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Retailing:

Billionaire Investor Carl Icahn Is Betting Against GameStop Shares
(DBN)

Small Retailers Support Millions of Jobs in the U.S.
(DBN)

Retail braces for wave of holiday phishing, ransomware scams
(DBN)

Abercrombie Soars Most in Two Years After Posting Better-Than-Forecast Sales
(DBN)

Dick’s Boosts Forecast After Sales, Earnings Beat Estimates
(DBN)

Have Shopping Holidays Jumped the Shark?
(DBN)

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Student Debt:

Student Debt Discharge in Bankruptcy: Movement Toward A Kinder and Gentler Approach
(DBN)

‘Billions more are going to the same schools’: Colleges accused of scamming students keep tapping federal student debt funds, report says
(DBN)

Here’s How the Supreme Court Could Rule on Student Loan Forgiveness
(DBN)

Student loan repayment pause extended through June 2023 by White House
(DBN)

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Healthcare:

What Covid taught scientists and the public about the flu
(DBN)

Bivalent Covid Boosters Give Some Protection in CDC Study, But Not Much
(DBN)

Jail Is a Death Sentence for a Growing Number of Americans
(DBN)

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Sovereigns:

EU Says Greece Met Targets, Paves Way for More Debt-Relief
(DBN)

Sri Lanka To Hold Rates As Inflation Slows Slightly, Focus On IMF Bailout
(DBN)

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UK:

UK Rail Workers to Strike in the Build Up to Christmas
(DBN)

UK Power Market Faces First Winter Test on Cold Spell, Low Wind
(DBN)

UK Tory Woes Return as Sunak Struggles With Policy and Personnel
(DBN)

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EU:

Euro-Area Consumer Confidence Increases to 5-Month High
(DBN)

ECB’s Simkus Says Half-Point December Rate Hike Is the Minimum
(DBN)

Macron hosts European CEOs to counter US move temptation
(DBN)

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Canada:

Canada Economy Quickens, Upending Forecasts for Slower Growth
(DBN)

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China:

IMF urges China to boost COVID vaccinations, restore property sector confidence
(DBN)

China's great reopening may come too late for many businesses
(DBN)

For China, moving away from ‘zero-Covid’ is easier said than done • The View From Inside a Nation Once Again Grappling With Covid-19 • Outbreaks Test China’s Efforts to Limit the Cost of ‘Zero Covid’ • Shanghai to Strengthen Covid Rules on New Arrivals From Nov. 24
(DBN)

China faces its worst outbreak in months as relaxed rules sow confusion for the unimmune
(DBN)

Shanghai to Strengthen Covid Rules on New Arrivals From Nov. 24
(DBN)

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Spain:

Spain approves mortgage support for more than 1 million households
(DBN)

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Russia:

Winter is coming in Ukraine — and it's not just Russian bombs threatening the lives of millions • ‘Stock up on blankets’: Ukrainians brace for horrific winter
(DBN)

In Kherson, longing for family still under Russian occupation
(DBN)

Ukraine’s Allies Near Imposing Cap on the Price of Russian Oil
(DBN)

Associated Press fires reporter over retracted Russian missiles story
(DBN)

‘Final Crushing Blow’: Putin’s Men Scramble Over Feared Crimea Blitz
(DBN)

Ukraine searches monastic complex, prompts anger in Moscow • Ukrainian spies raid historic Kyiv monastery to find Russian agents • The war has further divided Orthodox churches in Ukraine
(DBN)

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MENA:

Rainbow Flags Are Getting More Pushback at World Cup, Despite FIFA Promises • Soccer fans wearing rainbow flags confronted at Qatar's World Cup 2022 • Blinken criticizes FIFA's threats over rainbow armbands at World Cup • Budweiser says it will give unused Qatar World Cup beer to tournament winner
(DBN)

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Germany:

Germany Moves to Rein in Surging Gas, Power Costs From January
(DBN)

BNY Mellon’s Frankfurt Offices Raided in German Tax Scandal Probe
(DBN)

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South Korea:

Korean Firms Urged to Repay Investors in Collapsed German Fund
(DBN)

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Hong Kong:

Keepwell deeds, exclusive jurisdiction clauses and reorganisation proceedings
(DBN)

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