October 21, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Pay gap between male and female partners narrows to 34%; what is their average compensation?
(DBN)

Biglaw Partners' Satisfaction With Their Pay 'Remains Robust' • Corporate Partners Are Really Raking It In
(DBN)

Start A Law Firm To Serve Clients Biglaw Won’t
(DBN)

Crypto Law Firm Co-Founder Out After Secret Recordings Leak
(DBN)

Dechert and former partner Neil Gerrard sued for $100m over hacking claims
(DBN)

Fired associate suing Kirkland & Ellis leaves notes highlighting her case's weaknesses
(DBN)

Being In-House Is Not Necessarily What You Think It Is
(DBN)

U.S. trial lawyer Mark Lanier opens U.K. law firm as class actions spread
(DBN)

Man protests law firm's fees with sign around his neck
(DBN)

Lawyer is sanctioned for lifting passages from opponents’ motion; copying was ‘neither slight nor subtle’
(DBN)

State Promises Additional Tests After Alex Murdaugh's Attorneys Point to 'Unidentified DNA' Under Dead Wife's Fingernails
(DBN)

Pass rate for New York’s July bar exam ticks up, as repeat and foreign-educated test-takers do better
(DBN)

Prosecutors detail Oath Keepers’ mounting frustration with Trump as Jan. 6 approached • 'Does Trump Have Balls or Not?': Encrypted Chats Show Stewart Rhodes Hoped Ex-President Would 'Man Up' on Jan. 6 and Militarize the Oath Keepers • 'Sic Semper Tyrannis': Oath Keepers Leader Recited Slogan of Lincoln's Assassin, Appeared to Direct Members Involved in Jan. 6 Breach • 'His Life Has Been Turned Upside Down': UCLA Student Booted from 'Dream School' After Jan. 6 Arrest Is Going to Prison for Obstruction Felony • New York attorney accused of attacking police at Capitol riot
(DBN)

Trump Threatens To Sue The Pulitzer Prize Board For Defamatory Refusal To Revoke A Prize
(DBN)

DOJ Skewers Trump for Trying to Declare Executive Privilege over 'Personal' Docs Found at Mar-a-Lago: He 'Cannot Logically' Do That
(DBN)

Sen. Lindsey Graham loses appeals court bid to stall testimony in Trump election interference probe • Trump-Appointed Circuit Judges Agree Lindsey Graham 'Failed' to Show Testifying in Georgia Election Probe Would 'Violate His Rights'
(DBN)

Steve Bannon will be sentenced Friday for flouting House Jan. 6 panel
(DBN)

Crime-fraud exception permits release of 8 law prof emails; some indicate Trump certified false court claims, judge rules
(DBN)

Biden and National Archives Are Illegally Keeping Records About JFK Assassination Secret, Lawsuit Says
(DBN)

Loeffler's texts post-2020 election go public, raising new investigative questions
(DBN)

‘The world according to Fox’: A CEO’s vision gets tested in court
(DBN)

San Franciscans arm themselves with baseball bats and stun guns during their walks
(DBN)

Court Upholds Convictions for Man Who Murdered 2 Boston Doctors and Was Removed Twice from Court for Threatening the Prosecutor, Taunting Victims' Relatives
(DBN)

'You Won't Hear Me Try to Argue Facts': Accused Waukesha Parade Attacker Tells Jury There's Hurt People on 'Both Sides'
(DBN)

Male 'Friend' Arrested for Allegedly Murdering Young Woman Who Beat Him at Basketball
(DBN)

Pentagon to pay, help troops seeking abortions
(DBN)

Five Daycare Staffers Charged with Using 'Scream' Movie Masks as 'Behavior Modification' Devices: 'They Can't Use Corporal Punishment'
(DBN)

The Truth About Uvalde May Never be Known
(DBN)

Barilla Sued Because 'Italy’s No. 1 Brand of Pasta' Is Actually Made in Iowa
(DBN)

______________

Judges:

Yale Law School Invites Boycotting Judges To Campus • Trump-appointed judges behind Yale boycott agree to speak at school
(DBN)

______________

Wall Street:

Stock futures slip as traders weigh latest batch of corporate earnings
(DBN)

Stocks close lower for second day as Treasury yields continue march to new highs
(DBN)

Securities Exchange Commission Reporting and Chapter 11
(DBN)

Senate Dems press SEC chair to slow Wall Street rules
(DBN)

Wall Street moderates pray for big GOP margins
(DBN)

______________

Layoffs:

Elon Musk to Fire 75% of Twitter Workforce
(DBN)

Facebook shuttle bus drivers face layoffs as Meta slashes costs and employees stay home
(DBN)

______________

Bankruptcy Crimes:

New Jersey Construction Company Operator Indicted for Tax Crimes and Bankruptcy Fraud
(DBN)

____________

Nursing Homes:

So long, senior centers and nursing homes. Older adults don’t want to spend their time in places where they are seen as victims in decline.
(DBN)

____________

Lender Liability:

District of Oregon Limits Lender Liability Based on Alleged Control Absent a “Special Relationship”
(DBN)

____________

D&O:

Litigating D&O Claims in the Modern Age: What’s the Difference Between a Breach of Fiduciary Duty and Doing Your Job Really, Really Badly?
(DBN)

____________

Education:

Public schools face shortages as thousands of K-12 staffers quit during back-to-school season
(DBN)

____________

Crypto:

Weathering the Crypto Winter: Tools for Insolvency Practitioners
(DBN)

Crypto Custodian Prime Trust Agrees to Return $17M in Tokens to Bankrupt Lender Celsius
(DBN)

FDIC chief warns crypto could undermine community banks
(DBN)

Crypto Assets to Be Treated as Financial Products in South Africa
(DBN)

Crypto Miner Core Scientific Flags Threat From Celsius Chapter 11 Dispute
(WSJ)

____________


Economy:

Weekly Initial Unemployment Claims decrease to 214,000
(DBN)

An often-overlooked economic measure is signaling serious trouble ahead
(DBN)

From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
(DBN)

Elon Musk has a new arch-enemy: the Fed • Musk says recession could last until 2024
(DBN)

Hedge fund star David Einhorn expects stocks to tumble - and warns unchecked inflation risks a market meltdown
(DBN)

Winter's burden: The new heating prices for 2023
(DBN)

Fed’s Harker sees ‘lack of progress’ on inflation, expects more rate hikes ahead • Fed’s Harker: Inflation shoots up like a rocket, comes down like a feather
(DBN)

Fed President Spoke at Invite-Only, Off-Record Bank Event
(DBN)

What Liz Truss can teach every worker in America about how and when to quit. Yes, really.
(DBN)

Threat of rail strike has supply chain managers ramping up contingency plans
(DBN)

Debt ceiling hijinks just got riskier
(DBN)

Energy Crisis Poses Existential Threat To Europe’s Industry • Europe’s Energy Crisis May Not End Until 2024 • Sanctions on Russia aluminum may send ripple effects through global supply chains • Putin called an additional 300,000 men into the military a month ago, and it's taking a toll on the economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

NAR: Existing-Home Sales Decreased to 4.71 million SAAR in September • More Analysis on September Existing Home Sales • U.S. existing-home sales fall again as housing downturn gathers steam • Existing home sales fall to a 10-year low in September, as mortgage rates soar
(DBN)

U.S. Home Sales Dropped for Eighth Straight Month in September
(DBN)

A 20% crash in the housing market is possible as mortgage rates continue to surge higher
(DBN)

Redfin, Zillow stocks jump after existing-home sales data top expectations
(DBN)

Mortgage rates surge to 6.94%, a 20-year high, Freddie Mac says, leading to steep decline in home sales.
(DBN)

Realtor.com Reports Weekly Active Inventory Up 34% Year-over-year; New Listings Down 15%
(DBN)

Woman Charged For Wielding 'Tower Of Bees' To Ward Off Eviction, Which Is Admittedly Kinda Badass
(DBN)

____________

Oil/Gas:

Oil Prices On Course For A Second Consecutive Weekly Loss
(DBN)

Saudis Wanted Really Deep Oil Cuts
(DBN)

U.S. LNG Production Declines Despite Robust Demand
(DBN)

Biden, Newsom and the pain at the pump
(DBN)

Here comes the EV economy
(DBN)

Automakers To Double Spending On EVs, Batteries To $1.2 Trillion By 2030
(DBN)

U.S.’ first interstate EV charging network for semi-trucks to connect California port with Texas
(DBN)

Shareholder Returns May Jump Across Energy Sector As Debt Levels Plunge
(DBN)

____________

Healthcare:

WHO says another omicron subvariant, which may be more resistant to antibodies, spread to 26 countries in latest week
(DBN)

CDC advisers recommend adding Covid shots to routine immunization schedules for kids, adults
(DBN)

Planned Parenthood Asks NC Court To Allow Non-Physicians To Provide Medication Abortion To Meet Demand From Out-Of-State
(DBN)

Safest States During COVID-19
(DBN)

Health department medical detectives find 84% of U.S. maternal deaths are preventable
(DBN)

____________

Corporate Reform:

An Appeals Court Just Brought The Constitution Down On The Consumer Financial Protection Bureau. What's Next?
(DBN)

____________

Student Debt:

Conservative Group Tells SCOTUS: Student Loan Forgiveness Plan Should Be Blocked as Biden Himself Said the 'Pandemic Is Over'
(DBN)

What to do if your student loan forgiveness application is flagged for review
(DBN)

Biden's student loan forgiveness plan survives two legal challenges • The Supreme Court won't block the student loan debt relief program, at least for now
(DBN)

____________

Mass Torts:

Walmart to pay $215 mln to settle Florida opioid claims
(DBN)

____________

Religion:

From East Flatbush To Tel Aviv: A Once-Defunct Brooklyn Synagogue Now Thrives In Israel
(DBN)

____________

Pharma:

The next step in Biden's effort to lower drug prices
(DBN)

____________

Tech:

Snap's share price slumps 27% after the company reported its slowest quarterly revenue growth ever
(DBN)

Elon Musk reportedly told investors that he planned to get rid of nearly 75% of Twitter's 7,500 workers
(DBN)

____________

Politics:

Parler was jubilant about Kanye West buying it. Then the problems started.
(DBN)

How a Tycoon Linked to Chinese Intelligence Became a Darling of Trump Republicans • The inscrutable aims of Steve Bannon's enigmatic Chinese benefactor
(DBN)

The Republicans distancing themselves from GOP post-Roe
(DBN)

Democrats and Republicans aren't cutting it for Latinos, poll finds
(DBN)

What's in the so-called 'Don't Say Gay' bill that could impact the whole country
(DBN)

Senate debates zero in on abortion
(DBN)

The Midwest is America's least trusting region
(DBN)

The U.S. is Heading Toward a Second Civil War. Here Is How We Avoid It
(DBN)

Alleged voter intimidation at Arizona drop box puts officials on watch
(DBN)

____________

 
New Bankruptcy Opinions
(4 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 (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)

Bankruptcy Statistics:

Analyst sees 'threat of companies starting to go bankrupt'
(DBN)

______________

UCC:

Eleventh Circuit Holds That Florida UCC Registry Is Subject to “Zero-Tolerance Rule” on Properly Naming Borrower
(DBN)

____________

Valuation:

Through the Looking Glass of Bankruptcy Valuation Methodologies
(DBN)

____________

Jurisdiction:

Seventh Circuit Explains Personal Jurisdiction Rules for Bankruptcy Cases
(DBN)

____________

DIP Finance:

Bankruptcy Court Finds Lender Tortiously Interfered With Debtor’s Access to DIP Financing
(DBN)

____________

Executory Contracts:

Does Assuming a Contract in Bankruptcy Waive Later Attacks on the Contract?
(DBN)

____________

Avoidance Actions:

Bankruptcy Court Partially Dismisses Fraudulent Transfer Claims Against Sponsor-Lender
(DBN)

District Court Applies a Broad Definition of “Transfer” Under the Missouri Uniform Fraudulent Transfer Act
(DBN)

____________

Aviation:

American Airlines Q3 results lift United, Delta amid strengthening travel demand
(DBN)

____________

Celebs:

Judge Signs Off On Erika Jayne’s Ex-Mansion Being Sold For $8 Million, Proceeds To Pay Back Her Husband’s Victims • Erika Jayne carries along $7K Chanel bag on LA outing after auctioning off luxury goods to pay down her estranged husband Tom Girardi's enormous $101M bankruptcy debt • Lawyer must wait his turn to sue Erika Jayne Girardi, trustee says
(DBN)

Spacey found not liable in sex abuse suit • Jury Swiftly Sides with Kevin Spacey in Lawsuit Accusing Him of Sexual Battery in 1986, Finds the Actor Not Liable
(DBN)

____________

Awards:

ABI Announces 2022 "40 Under 40" Emerging Leaders in Insolvency Practice
(DBN)

____________

Retailing:

The death of the American shopping mall – in pictures
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 2.7% Compared to Same Week in 2019
(DBN)

____________

SPACs:

Starry - Another De-SPAC Deal On The Verge Of Bankruptcy
(DBN)

____________

Fraud:

Ex-lawyer who argued football head injuries made him unable to form fraud intent loses in 6th Circuit
(DBN)

Alleged Fraudsters Who Nearly Settled For $15 Million Now Begging To Explain Why They Should Not Be Indicted
(DBN)

Michigan to pay $20M to people wrongly accused of fraud
(DBN)

Chess Grandmaster Moves to Check His Detractors in $100 Million Defamation-Conspiracy Lawsuit Over Cheating Accusations After He Beat Champ
(DBN)

____________

Climate:

New Zealand farmers hit streets to protest cow-burp tax plan
(DBN)

A surge in coal and oil emissions was expected with Russia’s war and a COVID recovery — here’s what actually happened
(DBN)

Behind the Mass Die Off of Alaskan Snow Crabs
(DBN)

____________

UK:

Liz Truss dramatically quits as Prime Minister after just 44 days in No10 marred by mini-budget fiasco & Tory infighting • Truss quits, but UK’s political and economic turmoil linger • How Daily Star's Liz vs lettuce livestream went global and made Truss wet laughing stock • Larry the Cat outlasts fourth U.K. prime minister • In Liz, they did not Truss: British PM resigns after six weeks in office • Biden responds to U.K. prime minister's resignation • With resignation, Liz Truss will be shortest-serving U.K. prime minister ever • Contestants Were on Game Shows Longer Than Truss Was Prime Minister • How hidden financial risks brought down Liz Truss
(DBN)

U.K.'s global warning: "The bill has come due"
(DBN)

Back to Boris? • Does BoJo have the mojo for another go-go?
(DBN)

Almost everyone's a loser: EU-UK trade sharply lower than in a world without Brexit
(DBN)

Metamorph battles winding-up petition from HMRC
(DBN)

British pound falls 1%, reversing the Liz Truss resignation bounce
(DBN)

____________

Canada:

Guide to Doing Business in Canada: Bankruptcy & Restructuring
(DBN)

____________

Russia:

The ripples of the war Russia says isn’t a war
(DBN)

Russia could be about to withdraw its troops from another part of Ukraine
(DBN)

Vladimir Putin tried to detonate nuke but his plans were 'sabotaged', insider claims
(DBN)

Putin’s Ally Is Letting Him Build Up Forces Near Ukraine Again
(DBN)

____________

South Korea:

Specter of bankruptcy looms over builders
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $71.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.
Copyright 2022