November 4, 2022

The Daily Bankruptcy News

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Law:

Stealth Layoffs Arrive At World's Richest Biglaw Firm
(DBN)

Big Law Firms Have Gone Back to Some Bad Habits
(DBN)

If You Can Bill It There, You Can Bill It Anywhere: A New Firm Enters The New York Market
(DBN)

Girardi Grievance Numbers Stoke California State Bar Critic Ire
(DBN)

'Shorthanded' NYC agencies to borrow lawyers from major law firms
(DBN)

Have Lawyers Given Up On The Midterm Elections?
(DBN)

Slaughter and May work/life revolution: partners to end meetings by 6pm, challenge client deadlines
(DBN)

Partner blames 'unauthorized activity' for his saucy Twitter
(DBN)

From Fudging The Numbers To Just Deserts
(DBN)

Referrals Are Still The Hundred Million Dollar Standard For Lawyers Seeking Clients
(DBN)

Lawyer Steps Up To The Plate For Love
(DBN)

One In-House Counsel’s Anti-Resume
(DBN)

Fifth Biglaw Firm Says Goodbye To Kanye West
(DBN)

Which will happen first — a Trump indictment or 2024 presidential announcement?
(DBN)

Trump Files Suit Against NY AG -- Against Advice After Failed 'Intervention,' Trump Proceeds With Genius Plan To Sue New York Attorney General In Florida State Court Trump Sues New York AG Letitia James in Florida, Claims Tax Fraud Lawsuit Violates His Privacy and Accuses Her of 'Intimidation and Harassment'
(DBN)

DOJ Grants Kash Patel Immunity in Trump Case
(DBN)

Judge appoints independent monitor to oversee Trump Organization financial filings Manhattan Judge Appoints 'Independent Monitor' for Trump Org, Draws 'Negative Inference' from Ex-President Invoking the Fifth More Than 400 Times
(DBN)

Mike Lindell Loses Bid to Get His Seized Cell Phone Back — or View the Search Warrant Materials Supporting the Search
(DBN)

'There Was No Plan': Lawyer for Florida Oath Keepers Leader Claims Client Went to D.C. to Help Roger Stone, Not to Storm U.S. Capitol Ohio Man Who Wore His Company's Jacket on Jan. 6 Spouts QAnon Talking Points at Sentencing 'They Should Have Brought Rifles': Prosecution Wraps Seditious Conspiracy Case Against Oath Keepers with Leader's Regret About Jan. 6 Oath Keepers begin defense in trial over U.S. Capitol attack
(DBN)

Lawyer flubs allowed Politico to access law professor’s election-litigation emails John Eastman Drops 9th Circuit Stay Request Over Judge's Crime-Fraud Exception Ruling After 'Multiple News Outlets' Obtain His Emails
(DBN)

LAPD involved in corporate sexual misconduct case, investigation reveals
(DBN)

For weeks, Kansas City police denied rumors of a serial killer targeting Black women. But after one kidnapped woman reappeared, the story became complicated.
(DBN)

Police create disproportionate amount of social media posts about Black suspects, study finds
(DBN)

Fallout from Parkland Shooter's Sentencing Has Already Begun with Investigation of Public Defender and Complaint About Judge's 'Hostility' Judge Slammed for 'Inappropriate' and 'Inexcusably Improper' Decision to Hug Prosecutors at the End of Parkland Shooter's Sentencing
(DBN)

Gabby Petito’s family alleges Utah officers ignored signs of violence they should have been trained to notice Gabby Petito's Family Sues Moab Police for $100M, Says 'Domestic Abuser' Cop Who Responded to Fateful Call Identified with Brian Laundrie
(DBN)

Physician who provided abortion to 10-year-old sues Indiana AG
(DBN)

Massachusetts Sex Offender, Now 73, Charged in 1966 Murder of Fifth Grade Girl Found Beaten and Drowned
(DBN)

Surveillance Footage Allegedly Caught Elected Official Fatally Stabbing Las Vegas Investigative Reporter Outside His Home
(DBN)

Beauty pageant had First Amendment right to reject transgender contestant, 9th Circuit rules
(DBN)

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Judges:

When an Anti-Abortion Judge's Ex-Wife Tells the Truth
(DBN)

Federal appeals judge complains about ‘show-off’ opinions Judges Must Stop Writing For 'Cheerleading You Get From Twitter,' Judge Tells Crowd Of Twitter Cheerleaders
(DBN)

Calling B------- On Justice Scalia's Originalism
(DBN)

Biden's ability to reshape U.S. judiciary hangs in balance as election looms
(DBN)

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Wall Street:

Stock futures rise ahead of October jobs report
(DBN)

Powell's mic drop: How the Fed moved markets
(DBN)

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Layoffs:

Twitter Sued for Mass Layoffs by Musk Without Enough Notice Twitter Mass Layoffs Coming Today
(DBN)

Stripe lays off 14% of workers
(DBN)

Lyft cutting 13 percent of employees
(DBN)

Amazon halts hiring for corporate workforce
(DBN)

Carmel-based KAR announces 300-plus job cuts
(DBN)

American Merchandising Specialists laying off 115
(DBN)

Delaware County real estate firm lays off 166 as housing market slows
(DBN)

Dapper Labs Cuts 22% of Staff as NFT Market Craters
(DBN)

StockX lays off about 80 more employees
(DBN)

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Politics:

Over half of Americans believe that both Democrats and Republicans do such a poor job that a third major party is needed
(DBN)

Republican Door Knockers Intimidate Voters While Hunting for Voter Fraud, Say Officials
(DBN)

Why Democrats are Losing Hispanic Voters
(DBN)

Quinceañeras add voter registration to their celebration
(DBN)

Biden goes after Trump ‘lies’ in democracy speech after Pelosi attack
(DBN)

Accused Pelosi attacker could be deported after release from custody, DHS says David DePape, suspect in violent Pelosi attack, in U.S. illegally, ICE officials say Clinton Seethes Over Kari Lake Making Fun of Pelosi Attack Biden links Paul Pelosi attack to Trump rhetoric
(DBN)

The Most Important Senate Race Is Also the Most Ignored
(DBN)

Schumer predicts Democrats will hold Senate
(DBN)

GOP finally off the mat: 'We're going to get the Senate'
(DBN)

Cruz calls out Trump for not spending on Senate candidates
(DBN)

Warnock narrowly leads Walker in Georgia Senate race: poll
(DBN)

Oz passes Fetterman for first time after Pennsylvania debate: poll
(DBN)

Tim Ryan on Democrats who refuse to debate ahead of midterms: ‘Have some guts’ ‘Emasculating Vance Is Actually Part of Tim’s Effectiveness’
(DBN)

Arizona Republican who crossed Trump sees bad omens
(DBN)

How Oregon suddenly became a battleground
(DBN)

Obama says democracy ‘may not survive’ if Arizona Republicans win
(DBN)

‘We’re Afraid’: Town That Inspired Debunked Voter Fraud Film Braces for Election Day
(DBN)

Election officials are bracing for conspiracy-fueled threats — while still hoping for the best
(DBN)

Michael Beschloss Says GOP Victory in Midterms Will Mean ‘Our Children Will Be Arrested and Conceivably Killed’
(DBN)

Sunny Hostin: Suburban women backing GOP ‘like roaches voting for Raid’
(DBN)

Private equity donations tilt toward the GOP
(DBN)

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Economy:

Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
(DBN)

Weekly Initial Unemployment Claims at 217,000
(DBN)

Unemployment claims are down the most in these states
(DBN)

ISM® Services Index Decreased to 54.4% in October
(DBN)

Anxious Americans disillusioned by economy ahead of midterms
(DBN)

A major hedge fund just warned that hyperinflation could lead to ‘global societal collapse’—and it blames the central bank
(DBN)

Klain says US not in recession: ‘I want to be really, really clear on that’
(DBN)

Bond billionaire Jeffrey Gundlach says the Fed will only hike rates to 4.5% - and he sees an 80% chance of a US recession next year
(DBN)

The world could face the worst financial crisis since World War II as hyperinflation looms, hedge fund says
(DBN)

Gen Z's not lazy — they're just refusing to put up with the toxic work culture that boomers created
(DBN)

Trade Deficit increased to $73.3 Billion in September
(DBN)

Americans are spending record amounts at casinos and airlines — but recent warnings from Amazon and Apple suggest the party may soon be over
(DBN)

Europe's at risk of a natural gas shortage next year, and stockpiles may only get 65% full, IEA says Low Prices And Tanker Traffic Leave $2 Billion Of LNG Floating Off Europe Europe May See Forced De-Industrialization As Result Of Energy Crisis
(DBN)

New salary law in NYC shows Louis Vuitton store director makes $200K, Amazon engineer starts at $115K, and Bloomingdale's shopper pulls up to $85K
(DBN)

Trump: ‘They ought to impeach Mitch McConnell’ if he backs debt ceiling elimination Trump vents debt-limit fury at McConnell, seeks his (impossible) impeachment
(DBN)

Fidelity is latest employer to offer free college education to workers
(DBN)

Twitter plans to order remaining workers back to office after layoffs
(DBN)

FBI Warns of Threat to NJ Synagogues
(DBN)

Manchin Wants Deals on Social Security, Medicare and Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

“Interest rates have put the brakes on the market.”
(DBN)

Soaring mortgage rates get all the attention, but a decade of underinvestment in housing is the big culprit behind the country's affordability crisis
(DBN)

Will L.A. Voters Approve 'Soak-the-Rich' Measure to Raise Taxes on Mansions?
(DBN)

Underwater real estate? A piece of submerged land in Florida is selling for $43 million.
(DBN)

Blackstone’s $70 Billion Real Estate Fund for Retail Investors Is Losing Steam
(DBN)

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Municipalities:

Puerto Rico Official Slams Calls to Nix Luma Energy Deal
(DBN)

Homelessness has risen 70% in California’s capital. Inside the staggering emergency
(DBN)

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Oil/Gas:

Why Overly Confident U.S. Drillers Ditched Their Hedges
(DBN)

‘Glut of greed’: Unprecedented price controls loom for gas exporters
(DBN)

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Celebs:

Thieves keep stealing money from Kanye West's old 2020 presidential campaign account Kanye West No Escape From Bankruptcy? 'White Lives Matter' Shirts Cannot Be Sold— Here's Why
(DBN)

Katie Price boasts she’s off to Thailand on 12th holiday of the year ahead of bankruptcy case
(DBN)

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Autos:

Carvana Slides on Used Cars Crashing
(DBN)

Drivers told to park older Dodge and Chrysler models after air bag deaths Airbag deaths lead to 'do not drive' order for some older Dodge, Chrysler vehicles
(DBN)

Elon Musk Faces Trial Over $456 Billion Payday
(DBN)

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Bankruptcy Crimes:

Kahrig enters guilty plea to bankruptcy fraud charge
(DBN)

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Retailing:

Retailers predict record holiday sales amid historic inflation
(DBN)

NRF sees holiday sales growing 6% to 8%
(DBN)

Liquidation sales begin at bankrupt home goods retailer Altmeyer's
(DBN)

Wayfair lost 1M customers in Q3 as revenues fell 9%
(DBN)

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Newspapers:

Alabama Largest Newspapers to Stop Printing
(DBN)

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Distressed Investing:

Distressed Credit To Lure More Hedge Fund Investors Next Year -BNP Survey
(DBN)

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Personal Finance:

Don’t make these 5 virtual interview mistakes that can ‘sabotage your candidacy’
(DBN)

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Cannabis:

Biden ponders marijuana moves as states forge ahead
(DBN)

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Transit:

Elon Musk's Hyperlink Test Tunnel Now a Parking Lot
(DBN)

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Waste:

Garbage contracts in New Orleans a huge mess
(DBN)

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Healthcare:

White Rock Medical Center owner files for bankruptcy protection
(DBN)

Congressional report finds health care sector ‘uniquely vulnerable’ to cyber attacks
(DBN)

GOP majority’s to-do list includes COVID-19 response, origins — and Fauci
(DBN)

The health policy Rand Paul and Elizabeth Warren agree on
(DBN)

Are the unvaccinated still a danger to the rest of us?
(DBN)

Hospital Investigated for Allegedly Denying an Emergency Abortion After Patient’s Water Broke
(DBN)

CDC softens guidelines for doctors prescribing opioid painkillers
(DBN)

COVID-19 Origins: Investigating a “Complex and Grave Situation” Inside a Wuhan Lab Is The Covid Wuhan Lab Leak Story True?
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (11 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)

Bankruptcy Statistics:

October Individual Chapter 13 Bankruptcies Increase 27 Percent Over Last Year
(DBN)

Bankruptcy filings continue decreasing nationwide
(DBN)

Closed Cases, Not Just New Filings, Are Key to Spotting Bankruptcy Trends
(DBN)

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Safe Harbors:

Parting Advice: Judge Drain Rules That Dividends Paid From the Proceeds of Safe-Harbored Transactions Are Not Safe-Harbored in In re Tops Holding II Corp.
(DBN)

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Mass Torts:

The Texas Two-Step as Fraudulent Transfer
(DBN)

Inforwars' Alex Jones faces possibility of new penalties in Sandy Hook trial
(DBN)

Bellwether Trials in 3M Combat Arms Earplug Litigation
(DBN)

New York reaches $523 million opioid settlement with drug manufacturer Teva
(DBN)

Rochester diocese agrees to settle sex-abuse claims Diocese of Rochester survivors reach settlement Diocese reaches agreement with creditors’ committee
(DBN)

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UST:

The USTP's Positions on Select SBRA Legal Issues
(DBN)

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Tech:

Elon Musk's Twitter has identified thousands of employees who will be laid off, representing about 50% of the company's workforce Kanye West posts first tweet since Musk acquisition Musk is managing Twitter Trump-style Employees await ax in new culture of secrecy and fear Musk claims Twitter is 'giant cybernetic super intelligence' Fox News Anchors Won’t Pay $8 For ‘Embarrassing’ Twitter Check: ‘I’ve Been Looking For a Reason to Get Off Twitter’
(DBN)

Apple is now valued more than Alphabet, Amazon and Meta combined
(DBN)

Trump Media deal partner DWAC adjourns shareholder meeting for sixth time
(DBN)

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Crypto:

Goldman seeks to impose order on crypto universe with classification system
(DBN)

How Security Tokens Can Benefit Creditors in Bankruptcy Restructurings
(DBN)

Three Arrows capital Might Have Declared Some Untruths In Bankruptcy Filing
(DBN)

Bitcoin Mining Host Compute North Paid Executives $3M on the Day It Declared Bankruptcy
(DBN)

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Student Debt:

Close to 26 million Americans have applied for student loan forgiveness
(DBN)

16 million student-loan borrowers have now been approved for debt cancellation, Biden says — but they won't see relief 'in the coming days' due to a GOP lawsuit
(DBN)

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Corporate Governance:

The United States Dropped The Ball On Corporate Responsibility... Outsiders Picked It Up And Ran
(DBN)

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Electricity:

Biomass company with plants in Maine files for bankruptcy
(DBN)

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Movie Theaters:

National CineMedia Risks Nasdaq Delisting As Stock Malingers Below $1
(DBN)

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Climate:

Few corporations on pace to reach long-term net zero emissions targets: research
(DBN)

UN: Global warming to melt major glaciers by 2050, including Yosemite's
(DBN)

As Drought Drops Water Level in Mississippi, Shipwrecks Surface and Worries Rise
(DBN)

The Middle East Is Going Green while Supplying Oil to Others
(DBN)

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Sovereigns:

Sri Lanka holds debt restructuring talks with bilateral creditors
(DBN)

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UK:

UK faces longest recession since records began, Bank of England says Longest Ever Recession Predicted for the UK
(DBN)

British pound slides after Bank of England recession warning
(DBN)

Staff take pay cut at Britishvolt to stave off bankruptcy
(DBN)

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Russia:

Ukraine government is seeking alternatives to Elon Musk’s Starlink, vice PM says
(DBN)

Brittney Griner meets with US Embassy officials while imprisoned in Russia
(DBN)

UN Calls Putin's Bluff on Dirty Bomb
(DBN)

Ukrainians face nuclear threat with grit and dark humor
(DBN)

Putin says he hasn't decided on a 2024 presidential run, a power move that a Russia expert says is how he keeps opposition 'off balance'
(DBN)

Retreat or a trap? Russia signals a surprise withdrawal from a key city, but Ukrainians are wary
(DBN)

How Russian soldiers ran a 'cleansing' operation in Bucha
(DBN)

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North Korea:

West Fears NKorea Ramping Up For Nuke Test Kim Jong Un Inches Closer to All-Out War Than Ever Before US Condemns Apparent Failed ICBM Test by North Korea US, South Korea extend war drills in response to North’s missile launches South Korea expedites efforts to establish Iron Dome-style air defense system Pentagon: A North Korea nuclear attack would ‘result in the end of the Kim regime’
(DBN)

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MENA:

Netanyahu will return to power in Israel, form far-right government Israel's Lapid congratulates Netanyahu on election win Netanyahu and the far right have triumphed. Here’s what it means for Israel Five ways Netanyahu’s return could shake up Israel and the world
(DBN)

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China:

China Stock Frenzy Enters Overdrive on Hopes That Worst Is Over
(DBN)

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Mexico:

Mexico's Altan Redes emerges from bankruptcy with govt's help
(DBN)

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Italy:

The Insolvency Code: perfect timing for a new legal framework for distressed companies
(DBN)

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