October 19, 2022

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Q3 Strong for Lawyer Employment, Mixed for Legal Field
(DBN)

Report finds 'huge gaps' in new U.S. lawyer employment by race, article with image
(DBN)

$100 Million Fraud & Money Laundering Suit Brought Against Biglaw Firm
(DBN)

Compared To Income Partners, Equity Biglaw Partners Are Killing It U.S. law firm partner pay hits new highs, with deal lawyers in the lead
(DBN)

Law firm Cooley adds first restructuring partner in Chicago
(DBN)

Dechert faces new ‘hack-and-smear’ suit; plaintiff is fired Wall Street Journal reporter
(DBN)

Partners Making More Money Than Ever, But Gender, Diversity Gaps Stubbornly Remain
(DBN)

Debevoise Corporate Head Sees Deals Slowing to ‘Healthy’ Level
(DBN)

Paul Hastings' New Leader Lays Out Vision For The Future
(DBN)

Madison Square Garden misinterpreted ethics rules when it banned firm’s lawyers from venues, suit says
(DBN)

Pennsylvania Firm Must Face Attorney’s Age, Disability Bias Suit
(DBN)

‘She-Hulk: Attorney At Law’ Is Full Of Superpowered Fashion
(DBN)

Fired K&L Gates partner found guilty of cyberstalking former colleagues Ex-K&L Gates Partner Convicted of Cyberstalking Firm Partners
(DBN)

Yale Law School Responds To 'Free Speech' Complaints By Cracking Down On Free Speech
(DBN)

Trump Special Master Says He Has ‘No Patience’ for Records Spats 'Where's the Beef?': Special Master Loses Patience for 'Nonsense Objections' in Trump's Ongoing Brawl with DOJ over Mar-a-Lago Documents Skeptical Special Master Wants More Proof of Trump’s Claims
(DBN)

Trial Evidence Shows How Oath Keepers Founder Spent Thousands on Weapons and Components in Cross-Country Travel to D.C. 'By Any Means Necessary': Ex-Oath Keepers Recruit Testifies He Took Up Arms and Prepared to Be 'Tagged with Treason' to Reverse Trump's Election Defeat Oath Keepers member testifies group was preparing "if need be…to take up arms and fight back" on Jan. 6 New January 6 video contradicts Republican’s claims about Nancy Pelosi
(DBN)

Trump expected to sit for deposition in E. Jean Carroll defamation case
(DBN)

Trump Just Blew Up His Rape Lawsuit Defense
(DBN)

Trump's legal troubles come to a head in New York
(DBN)

Key Steele dossier source acquitted of lying to FBI Major Blow for John Durham Probe as Jury Acquits Steele Dossier Source Igor Danchenko of Lying to the FBI
(DBN)

'Flagrant, Willful, Bad Faith, Callous Disregard': New Mexico Judge Bars Militia Group from Using 'Organized Force' at Protests, Gatherings
(DBN)

Buffalo mass shooting suspect was "radicalized" online, New York officials say
(DBN)

Small town in southern Mexico hosts thousands of migrants
(DBN)

Border cities again see low violent crime rates
(DBN)

Overwhelmed by 20,000 Migrants, NYC Opens First Tent Shelters New York City to open giant tent shelter for migrants being bused in from southern border states
(DBN)

Kevin Spacey Tells Jury in Civil Sex Assault Trial That His Father Was a Neo-Nazi, Addresses Jeffrey Epstein And Pizzagate Rumors
(DBN)

'70s Show' actor Danny Masterson on trial on 3 rape charges
(DBN)

DOJ Announces $778 Million Penalty for Cement Company that 'Made a Deal With the Devil' by Partnering with ISIS in Syria
(DBN)

'This Ranks Among the Craziest Stuff I've Seen': Florida Sheriff Excoriates Father-Son Duo Who Allegedly Shot into Innocent Woman's Car
(DBN)

Convicted Killer Tells Jury to Sentence Him to Death After They Took 25 Minutes to Find Him Guilty of Murdering Texas Deputy
(DBN)

Man Committed Hate Crime Against a Black Shopper Outside Family Dollar and Told Deputies 'If We Don’t Do Anything About Them, They Will Take Over the World'
(DBN)

Man Who Sued Cardi B for Using His Tattoo on Mixtape Cover Testifies at Trial: 'Disgusting' Visual Disrespects 'Me and My Family'
(DBN)

'I F----- Up': Trump Supporter and GOP Candidate for College Board Allegedly Caught . . .
(DBN)

Don't Believe Defund Police Myths on Crime
(DBN)

Man Accused of Killing 6 at Christmas Parade Is Making a Mockery of His Trial
(DBN)

U.S. fought to keep veterans' jobs with foreign governments secret
(DBN)

Woman Says 'Sick' Janitor Infected Her with STD by Secretly Peeing in Her Water Bottle
(DBN)

The murder mystery that gripped the US for 26 years: Kristin Smart's killer is found guilty Paul Flores Convicted of Murdering Kristin Smart. His Father Was Acquitted of Helping Hide the Body.
(DBN)

Oakland Cops Hope to Arm Robots with Lethal Shotguns
(DBN)

______________

Judges:

The Incredible Mystery of How Trump Got Judge Cannon in the Mar-a-Lago Case
(DBN)

The real threat to democracy: Declining trust in the courts
(DBN)

From Zealous Defense To Zealous Prodding: Ketanji's Questions Keep Counsel On Their Toes Justice Jackson has dominated SCOTUS oral arguments, statistics show
(DBN)

Ohio Supreme Court suspends judge who ignored pandemic, joked about kickbacks
(DBN)

______________

Wall Street:

Nasdaq futures rise as better-than-expected Netflix results keep tech gains going
(DBN)

Dow closes up more than 300 points as strong earnings boost stocks in choppy market
(DBN)

Earnings Outlooks Are Key to Determining If Stocks Hit Bottom
(DBN)

This is the worst year for stock and bond investors since 1969
(DBN)

Wall Street Traders or Washington Officials? Sometimes It’s Hard to Tell
(DBN)

Goldman Sachs' consumer pivot solves one question, but makeover raises more
(DBN)

______________

Layoffs:

Microsoft Layoffs Won't Be the Last for Tech
(DBN)

Historic resort laying off 238 employees
(DBN)

______________

Student Debt:

Biden's Education Department is notifying 8 million student-loan borrowers that they do not need to apply for debt cancellation and their relief will be automatically processed
(DBN)

Congressional Candidate Critical of Loan Forgiveness Sought to Have Student Debt Cleared Via Bankruptcy
(DBN)

____________

Education:

Inside the Secret Plan to Bring Private School Vouchers to Texas
(DBN)

____________

Mass Torts:

Alex Jones lost a $1 billion trial. Why is Infowars still streaming?
(DBN)

New Mexico presses opioid case vs Walgreens after settling with Walmart, Kroger
(DBN)

Hess Bankruptcy Ruling Expected in November
(DBN)

Amicus Brief of Professors Lipson and Foohey on the 'Abuse' Standard in the Purdue Pharma 2nd Circuit Appeal
(DBN)

____________

Military:

Water crisis once again disrupts Hawaii military families’ lives
(DBN)

____________

E-Cigarettes:

DOJ Files Injunction on 6 E-Cigarette Firms
(DBN)

____________

Politics:

Kanye Claims the ‘Jewish Underground Media Mafia’ Is Out to Get Him in Wildly Anti-Semitic Interview with Chris Cuomo Fox News Execs Hunt Down the Tucker-Kanye Video Leaker What’s going on with Kanye West, from fake kids to antisemitism
(DBN)

Herschel Walker Says He ‘Never’ Opposed Exceptions In Georgia’s Abortion Law. He Did.
(DBN)

Meet the House GOP’s New Crop of Marjorie Taylor Greenes
(DBN)

Trump Is Already Boosting Election Conspiracies Ahead of the Midterms
(DBN)

Biden to promise abortion rights bill if Democrats keep control of Congress Biden prioritizing abortion legislation before midterms GOP-Friendly House District Becomes Nail-Biting Race on Abortion Biden plots his first piece of post-midterms legislation: codifying Roe
(DBN)

In Midterm Speeches, President Biden Focuses On Rx Drug Costs To Cut Inflation Biden is viewed as a drag on Democratic midterm hopes 
(DBN)

NY Governor Hochul Leads Zeldin by Only Four Points in New Poll
(DBN)

RealClearPolitics - 2022 Election Maps - Battle for the Senate 2022
(DBN)

Grieving Father Sues Democratic Lawmaker Behind the Wheel in Crash that Left 5-Year-Old Daughter Dead
(DBN)

New police footage shows confusion over DeSantis' voter fraud arrests Local police carrying out the arrests were patient, understanding — almost apologetic
(DBN)

Election workers in battleground states more likely to receive threats
(DBN)

Libraries Beef Up Security After Violent Threats
(DBN)

____________

Economy:

Industrial Production Increased 0.4 Percent in September
(DBN)

The Fed, Staring Down Two Big Choices, Charts an Aggressive Path
(DBN)

Treasury yields climb as recession fears spread
(DBN)

Voters pessimistic on economy, inflation as Election Day approaches
(DBN)

Next spring the economy will sink into a 1990-style mild recession, Fitch says
(DBN)

Citi Says US Stocks Pricing Recession More Than Any Other Asset
(DBN)

Fed’s Bostic Says Slowing Inflation Is Best for Long-Run Employment
(DBN)

Some Fed Directors Eyed Smaller September Hike, Others Said More
(DBN)

Americans are buying less at the supermarket
(DBN)

Think food inflation is bad now? Wait till Kroger and Albertsons merge
(DBN)

Nestle Revenue Surges With Biggest Price Hikes in Decades
(DBN)

Here’s how much Americans should expect to pay for utilities this winter
(DBN)

Turkey prices are 73% higher and might stay that way through Thanksgiving
(DBN)

How to prepare for a potential recession in 2023
(DBN)

China has stopped sales of LNG to Europe to make sure its own households have enough gas for the winter, report says Nord Stream ruptures revealed as Europe grapples with gas plan Dozens of LNG-laden ships queue off Europe's coasts unable to unload Scholz overrides allies, keeps 3 German nuke plants running Russia sets $23 bln aside to replace foreign aircraft Can Europe Avoid A Worst-Case Energy Scenario This Winter? Europe Diesel Stockpiles Set to Tank When Russian Supply Cut Off Putin Uses 20 Bottles of Vodka and a ‘Sweet’ Note to Rekindle Bromance With Italy’s Silvio Berlusconi Nord Stream Blast Blew Out 50 Metres of Pipe
(DBN)

Get ready for one big impact of inflation that will be felt next year. For most people, it’s unavoidable.
(DBN)

COVID-era ‘baby boom’ marks the first major reversal in declining fertility rates since 2007
(DBN)

Americans Reclaim 60 Million Commuting Hours in Remote-Work Perk
(DBN)

BofA Outlines Next Steps in Flexible Return to Office
(DBN)

Voters are more worried than ever about the economy — and they think Republicans can fix it
(DBN)

The immigrant workforce supports millions of US jobs
(DBN)

Republicans’ secret economic agenda? A global financial crisis
(DBN)

McCarthy Plans a Debt Limit Showdown
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

6th Circuit rules against county that seized homes for unpaid taxes, didn’t refund the surplus value Who Knew Taxes Could Be This Lucrative: The Sixth Circuit Weighs In On The Takings Clause
(DBN)

Offices in New York, Nationwide Hit Peak Post-Pandemic Occupancy
(DBN)

US mortgage rates reach 20-year high
(DBN)

NAHB: Builder Confidence Decreased Sharply in October
(DBN)

California Home Sales Drop 30% as Higher Rates Hit Costly Market
(DBN)

Home Buyers Flock to Florida Cities Devastated by Hurricane Ian
(DBN)

I was given a house for free – but it already belonged to someone else
(DBN)

____________

Oil/Gas:

White House Planning Oil Reserve Release Announcement This Week Biden to announce release of up to 15 million barrels from strategic oil reserve Biden announcing more steps to lower gas prices Why tapping oil reserves is just a 'Band-Aid' Biden Plans To Refill The SPR When Oil Prices Fall Below $72
(DBN)

US Official Says OPEC+’s Oil Cut Came at ‘Worst’ Moment
(DBN)

Brent Crude Drops Below $90 On Recession Fears
(DBN)

Grant From Bill Gates-led Fund Will Make Green Jet Fuel As Cheap As Fossil Fuels
(DBN)

Starved of new talent: Young people are steering clear of oil jobs
(DBN)

19% of German New Car Sales are Electric
(DBN)

____________

Municipalities:

"This is not Ratatouille:" Faced with booming rat population, New York City officials announce new plan for trash collection
(DBN)

____________

Fraud:

Good Intentions Are An Affirmative Defense Against Fraud, Right?
(DBN)

Former CEO Of NewAge, A Drink Company That Shot To Pot-Stock Fame, Accused By SEC Of ‘Multi-Year Fraud’
(DBN)

Diamond Tycoon Fights to Unfreeze Fortune After Fraud Claims
(DBN)

____________

Retailing:

Chewy.com’s Make-or-Break Logistics Dilemma
(DBN)

Mall of America tests "weapons detection system" as part of new security strategy
(DBN)

Asos Fighting for Survival as New CEO Unveils Restructuring Plan
(DBN)

Bed Bath & Beyond Makes Debt-Exchange Offer to Boost Finances
(WSJ)

Conn’s CEO exits after just over a year
(DBN)

Nordstrom in search of new finance chief at a tricky time
(DBN)

____________

Tech:

Twitter Locks Staff Stock Accounts in Anticipation of Deal
(DBN)

New York State's Top Democrats Call for Trump-Style Section 230 Reform in Aftermath of Buffalo Grocery Store Mass Shooting
(DBN)

The Great Chips War
(DBN)

____________

Labor:

Amazon workers reject union bid in upstate New York The Amazon Labor Union suffers another loss but vows to keep fighting
(DBN)

____________

Agribusiness:

U.S. farmers receive nearly $800 million in loan relief from agriculture agency
(DBN)

____________

Crypto:

Bankrupt Crypto Lender Voyager Plans to Settle CEO, CFO Negligence Claims Related to Three Arrows Loans Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
(DBN)

3AC liquidators seek ‘alternative means’ to subpoena missing founders
(DBN)

Celsius faces federal suspension investigations in 40 states
(DBN)

Why Are Crypto Companies Contributing To Super PACs?
(DBN)

German crypto bank Nuri tells 500K users to withdraw funds ahead of shut down
(DBN)

JPMorgan Adds Crypto Policy Head After Dimon ‘Ponzi Scheme’ Quip
(DBN)

Celsius Update
(DBN)

Voyager Digital Waived Disclosures Before Making Loans That Helped Bankrupt It
(DBN)

____________

Autos:

Defunct Excell Auto Owner Scott Zankl Sues Alleged Creditor For Libel, Slander
(DBN)

____________

Utilities:

Santee Cooper On The Brink Of Insolvency
(DBN)

____________

Rail:

Could obstructions lie ahead for sale of SLRG Railroad?
(DBN)

____________

Healthcare:

How much for that CT scan? It could be $4,065 or $134 — at the same hospital — depending on your health plan.
(DBN)

Addiction drug shows promise lifting long COVID brain fog, fatigue
(DBN)

Next covid wave could be on a collision course with holiday travel Slate of COVID variants could drive winter surge
(DBN)

CDC: Black, Hispanic and Indigenous adults more likely to get hospitalized for flu
(DBN)

A Tennessee Woman Had to Take a 6-Hour Ambulance Ride to Get an Abortion Planned Parenthood asks North Carolina court to let more health workers provide abortions Texas Woman Nearly Loses Her Life After Doctors Can't Legally Perform an Abortion: 'Their Hands Were Tied'
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (6 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

Environmental:

Recent Developments at the Intersection of Bankruptcy and Environmental Law
(DBN)

____________

Claims Agents:

Duties of Claims Agents are Limited to the Scope of 28 U.S.C. § 156(c)
(DBN)

____________

Conflicts:

A Step by Step Process To implement a Proper Screen to Prevent Disqualification Which Would Otherwise Result From a Lateral’s Conflicts
(DBN)

____________

Make-Whole:

Has the Make-Whole Been Plugged? The Fifth Circuit’s Latest Opinion in Ultra Petroleum
(DBN)

____________

SCOTUS:

Two Bankruptcy Cases Set For Argument In December (MOAC and Bartenwerfer)
(DBN)

____________

Cross-Border:

Credito Real Body-Checks Mexican and US Insolvency Laws – Will US Court Strike Back?
(DBN)

____________

Solvent Debtors:

Fifth Circuit Says A Solvent Debtor Must Pay According To The Contract – No Doubt About It
(DBN)

____________

Mediation:

Effective Mediation in Sri Lanka
(DBN)

____________

Aviation:

United Airlines shares surge on higher profit and strong demand forecast
(DBN)

Detur Goes Bankrupt
(DBN)

____________

Banking:

Banks Face Bigger Deposit Insurance Payments Under New FDIC Rule
(DBN)

Rarely-humbled Goldman concedes missteps in plan to take on megabanks in retail finance
(DBN)

Deutsche Bank raided in tax fraud probe
(DBN)

____________

Corporate Governance:

BlackRock’s ESG Troubles Mount as Missouri Pulls $500 Million
(DBN)

____________

Climate:

Cheapest Path for Big Methane Cuts Goes Through Australia's Mines
(DBN)

Exxon, Shell and Chevron Sued by New Jersey Over Climate Change
(DBN)

California's climate goals are going up in smoke: study
(DBN)

Bill Gates says rich countries must drive climate change innovation
(DBN)

Yes, climate change is bad — but scientists must ‘chill’ when it comes to doomsday scenarios, experts say
(DBN)

U.S. to provide millions in funding for tidal energy and river current systems
(DBN)

Flood Losses Now Estimated at $40 Billion, Pakistan Officials Say
(DBN)

Los Angeles Running Out of Water and Time
(DBN)

____________

Sovereigns:

Lebanon approves some banking law changes demanded by IMF
(DBN)

____________

UK:

The UK’s economic and political crises, explained
(DBN)

UK Braces for Sudden Return of Austerity as Hunt Demands Savings
(DBN)

UK Families Face Near Doubling of Energy Bills When Support Ends
(DBN)

Truss Faces Tory Rebellion If She Scraps Pledge on UK Pensions
(DBN)

UK inflation moves back up to 40-year high as Brits battle cost-of-living crisis U.K. inflation jumped back over 10% in September, matching highest rate seen in 40 years
(DBN)

Rail Union Says UK Track Owner Reneged on Deal, Calls Strikes
(DBN)

UK Bonds Take Hit as BOE Leaves Prospect of Debt Sales Looming
(DBN)

UK Lost Credibility Among Investors
(DBN)

City of London Tries to Divert Hunt From Tax Raid on UK Banks
(DBN)

Brexit Cut Trade Between UK and EU by Close to 20%, ESRI Says Ryanair CEO: Brexit Caused These Crises
(DBN)

____________

EU:

Euro Zone Escapes Double-Digit Inflation by Whisker on Revision
(DBN)

____________

Russia:

Russian forces continue losing ground despite destroying a third of Ukraine's power stations in 1 week Hundreds of thousands of Ukrainians without power, water after latest Russian strikes; 30% of power plants destroyed As Russia strikes power plants, Ukrainians brace for winter Ukrainians dig in for brutal winter while fending off Russian invasion Over 1,000 Ukrainian towns, villages have no power Russia announces civilian evacuation from key Ukraine city ‘Battle for Kherson’ could begin soon as people told to flee; Russian commander says situation is tense Russian commander laments 'very difficult' situation in Kherson
(DBN)

Russia Struggling to Pay Its Troops, Ukraine Says
(DBN)

Kevin McCarthy signals Republicans could withhold more aid to Ukraine if they win the House: 'It's not a free blank check'
(DBN)

UN finds Russia responsible for 'vast majority' of potential war crimes in Ukraine
(DBN)

Iran agrees to ship missiles, more drones to Russia, defying the West-sources
(DBN)

Finland PM: Wide political support for Russia border fence
(DBN)

Billionaire investor Bill Ackman joins Elon Musk calling for a Ukraine cease-fire that includes major concessions to Russia
(DBN)

Vladimir Putin is safe in power for now, but risks lie ahead, sources say
(DBN)

Elon Musk: Russia, China's Useful Idiot
(DBN)

Mysterious Ben Wallace trip to Washington amid fears of Russian escalation
(DBN)

____________

China:

China indefinitely delays release of 3rd quarter economic stats China delayed the release of key economic data to avoid distraction amid the Communist Party Congress, not to conceal data, analysts say
(DBN)

China’s Junk Debt Is Sliding Deeper Into Unprecedented Distress
(DBN)

China party says nearly 5 million members probed for graft
(DBN)

Beijing Covid Cases at Four-Month High as Top Party Leaders Meet
(DBN)

Chinese Steel Manufacturers On The Brink Of Bankruptcy
(DBN)

US Software Behind China's Hypersonic Missile
(DBN)

____________

Australia:

Australia’s Central Bank Breaks Ranks With Peers on Fallout Fear
(DBN)

____________

France:

French strike pits workers vs. government as inflation bites
(DBN)

____________

India:

Surge in insolvency cases at NCLT mounts home buyers’ troubles
(DBN)

Insolvency of Financial Institutions and Non-Financial Institutions: Chalk and Cheese
(DBN)

____________

MENA:

Iran Athlete Gets Hero’s Welcome at Airport After Removing Hijab
(DBN)

Iranian schoolgirl ‘beaten to death for refusing to sing’ pro-regime anthem
(DBN)

____________

Sweden:

Why Sweden’s $41 Billion of Property Debt Is Alarming Europe
(DBN)

____________

South Africa:

South Africa’s biggest cities are out of water, but the dams are full: what’s gone wrong
(DBN)

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