October 25, 2022

The Daily Bankruptcy News

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Law:

Law Firm Calls Out Ex-EEOC Counsel’s Note on Abortion Travel
(DBN)

Biglaw Partners In This Practice Area Are The Happiest With Their Compensation
(DBN)

Cravath Backtracks On The 'Flexible' Part Of Its Flexible Office Policy
(DBN)

BigLaw taps into underserved high schools for next generation of diverse lawyers
(DBN)

Promising Young Biglaw Associate Dies After Using Cocaine Laced With Fentanyl
(DBN)

Take one thing off your plate with virtual receptionists
(DBN)

Wilmington University To Open A New Law School In Delaware
(DBN)

The top DOJ prosecutor taking on Trump
(DBN)

Trump and His Sons Are Potential Witnesses in Firm’s Tax Fraud Trial • Trump Organization Criminal Trial Kicks Off With a Tall Task • Jury selection begins in the Trump Organization tax evasion trial
(DBN)

How the 14th Amendment can reinforce the Jan. 6 committee’s Trump subpoena • Son of Confederate flag-wielding rioter sentenced to 24 months for Jan. 6 breach • Confederate flag-toting rioter's son gets 2 years in prison over Jan. 6 • Oath Keepers trial delayed after leader Stewart Rhodes tests positive for COVID-19 • Lawyer with link to 9/11 conspiracy theorists is charged with assaulting police in US Capitol riot • Cruz Hid in Supply Closet on January 6 • Jan. 6 panel looks for legacy beyond the midterms
(DBN)

A prospective juror excused from Trump Organization tax evasion trial said 'there is no chance in hell' she could have been impartial
(DBN)

Penn State Cancels Event by Proud Boys Founder, Citing Threat of Violence
(DBN)

Trump Drops Some Early Privilege Claims in Seized Records Fight • Prosecutors Pressure Trump Aides to Testify in Documents Case
(DBN)

Peter Navarro Says He Doesn't Have To Give Back Stolen Docs Because It Would Make Him Look Super Guilty
(DBN)

Justice Thomas temporarily blocks Graham's subpoena in 2020 election probe • Justice Thomas Temporarily Shields Lindsey Graham From Testimony • Justice Thomas Does Lindsey Graham A Solid And Pushes Off Date With Georgia Grand Jury Investigating Electoral Interference
(DBN)

Trump Friend Barrack Takes Stand in Own Defense at Foreign-Agent Trial • Trump's Billionaire Pal Testifies That Trump Was 'Disastrous' for Business
(DBN)

Federal Judge Quashes 'Vague' Subpoena Sent by Steve Bannon's Former We Build the Wall Co-Defendant to Manhattan DA
(DBN)

DOJ charges 13 in cases targeting Chinese spy and influence campaigns
(DBN)

Harvey Weinstein’s L.A. Rape Trial Is Already a Horror Show • Trial against Harvey Weinstein begins with graphic descriptions of violent assaults • Prosecutor: Women’s stories show Weinstein’s predatory power • Harvey Weinstein's Lawyer Tells Jury Accusers Consented to Sex That 'May Have Been Unpleasant' Because 'in Hollywood, Sex Was a Commodity' • 'I Was Like Please, I Have Kids': Jury Hears Details of Harvey Weinstein's Alleged Crimes as Sexual Assault Trial Opens in LA
(DBN)

Ex-U.S. Diplomat in Philippines Admits to Sexual Abuse, Told Victim His 'Exact Job Title' and Warned Her 'This Kind of Thing Causes International Incidents'
(DBN)

Former police officer charged in George Floyd's death pleads guilty • Ex-Minneapolis cop pleads guilty in George Floyd killing
(DBN)

Teen pleads guilty to 24 charges in Michigan school shooting
(DBN)

Venezuelans Who Left Everything Behind Are Stuck South of U.S. Border
(DBN)

Violent Crime Hotspots in the U.S.
(DBN)

Yeshiva University launches new LGBTQ student group amid lawsuit blocking recognition of YU Pride Alliance
(DBN)

Fire-stricken rural New Mexico warily eyes insurance fight
(DBN)

Ninth Circuit Rejects Pro-Life Group's Appeal of $2.4M Verdict Over Planned Parenthood Videos: 'Journalism and Investigative Reporting Do Not Require Illegal Conduct'
(DBN)

Johnny Depp Sues Professor Who Accused Him of Plagiarizing Song on His New Album, Calls Claim an 'Old-Fashioned Shakedown'
(DBN)

Christian California Baker Cannot Be Compelled to Produce Same-Sex Marriage Cakes Under First Amendment's Free Speech Guarantee, Judge Finds
(DBN)

13 More Victims Step Forward After Janitor Caught Peeing in Woman's Water Bottle at Medical Office Building: Authorities
(DBN)

California Lawsuit Alleges Weed Didn't Get Plaintiffs High Enough
(DBN)

2 killed in shooting at St. Louis high school; gunman also killed • School gunman delivered chilling message before shooting two dead, injuring 7 in St. Louis high school shooting
(DBN)

______________

Judges:

Alito Assured Ted Kennedy in 2005 of Respect for Roe v. Wade, Diary Says
(DBN)

Justice Elena Kagan Tells It Like It Is When It Comes To Stare Decisis And The Politicization Of The Supreme Court • Justice Kagan: ‘Time will tell’ if court finds common ground
(DBN)

A sign of rapprochement? Federal appeals judges boycotting Yale Law will speak at school • Judge Ho's Boycott Of Yale Grads For Clerkships Violates The Code Of Judicial Conduct
(DBN)

This federal judge called cops to report squeegee guys who gave him the finger, spat on his car • Federal District Judge Summoned The Police For A Totally Serious, Justified Reason
(DBN)

Judge Goes Out Of His Way For Junior Associates
(DBN)

These Supreme Court cases could kill what remains of US democracy
(DBN)

Roberts’ New Counselor to Arrive Amid Rocky Times at High Court
(DBN)

The Chief Justice Who Isn’t
(DBN)

In highly political, richly funded contests for Illinois Supreme Court majority, pledges of impartiality stir skepticism
(DBN)

______________

Wall Street:

 

Dow rises more than 400 points as stocks extend rally after best week since June
(DBN)

Red wave may drown SEC rulemaking
(DBN)

A decades-long bear market could hit the US stock market as the Fed gets serious about reducing its $9 trillion balance sheet, hedge fund manager Boaz Weinstein says
(DBN)

______________

Layoffs:

Portland-based Vacasa announces 280 layoffs
(DBN)

Amazon to switch security vendors, resulting in 1,200 Seattle-area layoffs
(DBN)

Chesapeake Energy trims workforce ahead of oil properties sale
(DBN)

Twitter employees write letter to Musk protesting mass layoff plans
(DBN)

______________

Mass Torts:

Bankruptcy judge erred, diocese contends
(DBN)

Sandy Hook families suggest $2.75 trillion in additional damages to punish Alex Jones’ ‘evil conduct’
(DBN)

‘Texas two-step’: the legal move letting corporations off the hook
(DBN)

A Factory Blew Asbestos Into a Neighborhood; Decades Later, Residents Are Getting Sick and Dying
(DBN)

____________

Food/Beverage:

Natural gas ban threats spark fear for restaurants
(DBN)

____________

Tech:

Twitter is already under pressure as Musk closes in
(DBN)

Tech groups ask Supreme Court to hear case on Florida social media law
(DBN)

____________

Labor:

LA Port Chief Says Labor Deal Still Likely But Months Away
(DBN)

____________

Utilities:

America’s electric utilities facing transformer shortage crisis
(DBN)

____________

E-Cigarettes:

Juul Discusses a Possible Bailout With Two of Its Biggest Investors
(DBN)

____________

Religion:

He Blessed LGBTQ People at a Festival. Now He’s No Longer a Pastor.
(DBN)

____________

Entertainment:

Warner Bros Discovery expects up to $2.5 bln charge on scrapped content
(DBN)

____________

Corporate Governance:

How To Structure a Board to Oversee Mission-Critical Activities
(DBN)

____________

Healthcare:

CMS to ‘Crack Down’ on Troubled Nursing Homes
(DBN)

Biden faces COVID dilemma as a winter wave nears
(DBN)

Biden to get updated COVID booster on Tuesday; less than 10% of eligible Americans have had the shot so far
(DBN)

Abortion ruling means more and riskier births in Mississippi • Elections for top office could impact abortion access in these states
(DBN)

Fears of US ‘twindemic’ of flu, RSV grow with or without COVID-19
(DBN)

What’s behind worrying RSV surge in US children’s hospitals?
(DBN)

Dr. Oz Once Claimed Being Fat Means You Have a ‘Small Brain’
(DBN)

____________


Economy:

63% of Americans Live Paycheck to Paycheck
(DBN)

Inflation crushing retirement savings plans for more than half of Americans, survey says
(DBN)

US Business Activity Contracts for Fourth Month, Orders Shrink
(DBN)

Fed Is Losing Billions, Wiping Out Profits That Funded Spending
(DBN)

Decade of central bank largesse haunts taxpayers as losses loom
(DBN)

Inflation is dominating the conversation on earnings calls. Here’s what execs are saying
(DBN)

Four High Frequency Indicators for the Economy
(DBN)

Are we in a recession? The answer is more complicated than you think
(DBN)

The Fed is realizing that inflation is a smaller 'black hole of pain' than previously thought, and stocks could rally 16% by year-end, Fundstrat says
(DBN)

HSBC’s Major Raises Prospect of Ultra-Low US Rates Returning
(DBN)

The Fed's rapid rate hikes are necessary to stem inflation, but they're pushing risks to financial stability dramatically higher, Mohamed El-Erian says
(DBN)

‘From Bambi to Godzilla.’ Strategist David Rosenberg skewers the Federal Reserve as he sees a 30% hit to home prices and the S&P 500 returning to an early 2020 low
(DBN)

Taming inflation could drive unemployment up to 6%, Wall Street bank says
(DBN)

The big recession risk no one's talking about
(DBN)

Yellen warns of ‘dangerous and volatile environment’ as she pledges to bolster Treasury market
(DBN)

Railroad worker negotiations head off the rails over paid sick leave
(DBN)

Russia says the West has 'essentially stolen' its foreign currency and gold reserves as the EU eyes asset transfer to Ukraine • Why Natural Gas Prices in Europe Are Suddenly Plunging • Russia's revenue from crude oil exports just hit its lowest point since Vladimir Putin launched his war on Ukraine • EU Sanctions Already Crimping Russian Crude Sales to Prime Markets • Oil Tanker Market In Disarray As EU Ban On Russian Crude Nears • How Will Insuring Russian Oil Work? ‘We Don’t Yet Properly Know’ • Wave of LNG tankers is overwhelming Europe and hitting natural gas prices • KFC-Owner Yum Exits Russia, Sells Business to Local Franchisee • Germany Considers Earlier Start to Natural Gas Price Subsidies • Russia’s largest fish processing plant on the verge of bankruptcy after defaulting on $60 million loan • Russia Warns Europe: Natural Gas Price Cap Means Full Supply Cut-Off • More Britons Forced on Pay-as-you-go Energy Meters as Costs Soar • Pakistan Buying Cheap Oil From Russia • EU Faces Long Term Pain from Energy Crisis
(DBN)

Dimon Calls Geopolitics Bigger Threat Than Recession
(DBN)

House GOP's 2023 forecast: Fiscal warfare
(DBN)

Bad Omen for US Economy? Phillies Winning the World Series
(DBN)

NYC pay transparency law will spur demands for raises nationwide: experts
(DBN)

Biden warns of ‘chaos’ for U.S. economy if default follows debt-ceiling fight
(DBN)

GM launching return-to-office plan for salaried workers in January
(DBN)

European employers mull reducing pandemic remote working options, study finds
(DBN)

The 14 Least Trusted Institutions in America
(DBN)

Can America Get Its Missing Middle Back
(DBN)

IMF: Countering the Cost-Of-Living Crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing October 24th Weekly Update: Inventory Increased, New High for 2022
(DBN)

Rents in these places declined in September, including a 17% monthly drop in New York
(DBN)

Renters Hit Breaking Point in a Sudden Reversal for Landlords
(DBN)

Mortgage industry group predicts recession next year, expects mortgage rates to come back down from 7%
(DBN)

Analysts warn US housing demand 'cratered' as rates 'ensure' recession
(DBN)

Builders Say They’re Ready for This Housing Slowdown. ‘I’ve Learned My Lesson.’
(DBN)

Finance of America Mortgage announces shutdown
(DBN)

____________

Municipalities:

Puerto Rico HTA employees request stay of plan of adjustment
(DBN)

Puerto Rico’s Bad-Governance Limbo
(DBN)

Rural California city is facing the end of its water supply by Dec. 1
(DBN)

State and local government finances during the pandemic
(DBN)

____________

Oil/Gas:

Texas Natural Gas Drops Toward Zero as Output Swamps Pipelines • U.S. Nat Gas Futures Rise 4% Despite Bearish Headwinds
(DBN)

IEA: The Current Energy Crisis Is Unprecedented • World Is in Its 'First Truly Global Energy Crisis' - IEA's Birol
(DBN)

Why Biden Wants To Release More Oil From The SPR
(DBN)

Renters face charging dilemma as U.S. cities move toward EVs
(DBN)

World Oil Traders Crushed by Surging Dollar
(DBN)

____________

Climate:

The United States of Mega-drought
(DBN)

EU Countries Agree on Negotiating Stance Before COP27 Climate Talks
(DBN)

Carney Addresses ‘Tension’ After Bankers Balked at CO2 Proposal
(DBN)

Most in US want more action on climate change: AP-NORC poll
(DBN)

The Mighty Mississippi River Is Drying Out
(DBN)

____________

Biopharma:

PhaseBio Files for Bankruptcy, Inks Deal to Sell Assets to Unnamed Company
(DBN)

____________

Retailing:

Troubled Retailers Hunker Down for Holiday Stress Test
(DBN)

____________

Politics:

Midterm shock: Cook moves Rep. Sean Patrick Maloney to "tossup"
(DBN)

Their America Is Vanishing. Like Trump, They Insist They Were Cheated.
(DBN)

Democrats hold edge in Michigan, Pennsylvania governor races; Wisconsin a toss-up: CNN polling
(DBN)

Republican gains in key states signal bad news for Democrats ahead of midterms
(DBN)

Red tsunami watch • Polls are Getting Better for Republicans
(DBN)

Democrats growing anxious — again — over Black turnout
(DBN)

Young Voters Say Country Is On "Wrong Track"
(DBN)

Americans Less Optimistic About Next Generation's Future
(DBN)

GOP Poised to Cement Grip on Iowa, Ending Its Swing-State Status
(DBN)

Tucker Carlson lashes out at GOP campaign chief in irate private call
(DBN)

Trump Friend in Court: He Was Clueless About Middle East Dynamics
(DBN)

Walker’s chicken firm tied to benefits from unpaid labor
(DBN)

Dominion CEO: Fox News ‘knew the truth’ about voter fraud claims • Trump raged against ’60 Minutes’ after it featured Dominion’s CEO calmly dismissing his election-fraud theories • Fox News Accuses Dominion of Destroying Messages of 'Senior Executives,' Seeks Sanctions Dismissing Multi-Billion Dollar Suit
(DBN)

Fetterman holds 6-point lead over Oz in Pennsylvania: poll
(DBN)

Rochelle Garza Thinks She Can Flip Texas — Largely Thanks to Dobbs
(DBN)

Biden admin set to warn about threats to nation’s election infrastructure
(DBN)

Conspiracy pushers target races for local election posts
(DBN)

Complaints Show How ‘Vigilantes’ Are Menacing Arizona Voters
(DBN)

Kim Kardashian and the KarJenners Express Support for the Jewish Community Amid Kanye West’s Antisemitism • Kanye West Tests His Corporate Partners • Amid Fallout From Antisemitic Rants, George Floyd Conspiracy Theories, And More, Kanye West Turns To Familiar Biglaw Face For Legal Help • Johnny Depp’s lawyer drops Kanye West over anti-Semitism: report • Ye dropped by talent agency, documentary on him scrapped • The organizations that have dropped Ye after antisemitic remarks • With Adidas, CAA, Gap Gone, Pressure is On Universal Music Group to Drop Kanye West from Label • White Supremacists Embrace Ye: ‘Kanye Is Right About the Jews’
(DBN)

Abrams’ campaign chair collected millions in legal fees from voting rights organization
(DBN)

Democrats locked in close contests with election deniers for key secretary of state posts
(DBN)

Jack Burkman and Jacob Wohl May Do Time After Pleading Guilty to Voter Intimidation Robocall Scheme
(DBN)

DOJ Warns Arizona Poll Watchers • Arizona sheriff steps up security around ballot drop boxes
(DBN)

____________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 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)

Avoidance Actions:

Bankruptcy Courts Continue to Disagree on Whether Avoidance Actions Should be Collateral
(DBN)

____________

Make-Whole:

Ultra IV: Make-Wholes, Never Say Never Again
(DBN)

____________

Subchapter V:

NCBJ 2022: Five Secrets to a Magical Sub-V
(DBN)

____________

Notice:

7th Circ. Ruling Shows Value Of Thorough Debtor Notices
(DBN)

____________

Autos:

October Vehicle Sales Forecast: "Signs of Life"
(DBN)

____________

Student Debt:

Biden’s student loan forgiveness plan is on hold. What borrowers need to know
(DBN)

Political, legal battle heats up over student loan forgiveness
(DBN)

____________

Fraud:

Stimulus Support Staff Cuts Mean Limited Fraud Monitoring
(DBN)

Car found buried at California mansion was Mercedes Benz reported stolen in 1992; homeowner was arrested for murder, fraud
(DBN)

U.S. SEC charges cannabis firm Cronos, former exec with accounting fraud
(DBN)

‘Online trickery’: CFPB sues event-registration company for allegedly tricking customers into paying $300 million in subscriptions
(DBN)

____________

Crypto:

Celsius Stockholders Lose Bid for Official Bankruptcy Committee
(DBN)

Celsius Once Solicited Donations for Ukraine. Here’s What Happened Next.
(DBN)

Celsius Gets Green Light from Bankruptcy Judge for Bidding Plans
(DBN)

Judge to Appoint Privacy Ombudsman for Celsius Bankruptcy Case • After Celsius Customer Data Release, Bankruptcy Judge Agrees to Appoint Privacy Ombudsman
(DBN)

Celsius users concerned over personal info revealed in bankruptcy case
(DBN)

Prime Trust’s $17M Payment to Celsius Just a ‘Drop in the Bucket’
(DBN)

Vivid Money takes over customer base from Nuri
(DBN)

Alleged rug pull Freeway halts crypto withdrawals, erases execs
(DBN)

Behnam: 'Just a matter of time' before crypto returns to conditions of spring crash
(DBN)

____________

Solar:

Bankrupt solar company leaves customers with useless systems
(DBN)

____________

Education:

Test scores' record plunge • Studying Covid's Impact on Education • American Students Have a Math Problem • American test scores prompt 'a moment of truth' for schools • Math Scores Fell by Record Levels in Almost Every State in National Test
(DBN)

____________

History:

The existence of the last slave transport ship was denied. A new documentary reveals the truth.
(DBN)

____________

Sovereigns:

Two-Cent Venezuela Bonds Lure Traders Hunting Lottery-Like Score
(DBN)

____________

UK:

UK Supreme Court sets new precedent on creditor duty
(DBN)

UK is Doomed without Brexit Rethink
(DBN)

Rishi Sunak to be U.K.'s next prime minister as rivals drop out • Rishi Sunak: Best of a Bad Bunch? • Rishi Sunak says UK faces ‘profound challenges’ but he’ll work ‘day in day out’ in first address after winning PM race • Richer than the royals: Win puts Rishi Sunak’s wealth in the spotlight • Britain’s Third PM This Year Is Twice as Rich as the King • What we know about Rishi Sunak and how he might govern the UK • Sunak’s Prize for Predicting Truss Chaos: He Gets to Clean Up the Mess • Sunak Tells UK Tories to Unite as He Strives to Fix ‘Crisis’ • New UK Prime Minister Sunak Faces Major Challenge With Energy Crisis • Hedge Funds Get Their First Prime Minister in UK’s Rishi Sunak • Rishi Sunak appointed UK prime minister by King Charles III • UK Credit Rallies as Traders See Sunak Restoring Credibility
(DBN)

Why the British public is not choosing its leader
(DBN)

Strike-Plagued UK Rail Network Set for More Walkouts in November
(DBN)

BOE Says UK Energy Price Guarantee is Key for Next Rates Call
(DBN)

Pollen owes £75m to creditors with only one potential buyer in sight
(DBN)

Market Turmoil Sends City of London Workers Back to the Office
(DBN)

____________

EU:

ECB set to double down with another giant rate hike despite political pressure
(DBN)

Meloni Slams ECB Rate Hiking in Widening Political Backlash
(DBN)

Hungary PM in Another Anti-EU Tirade
(DBN)

____________

Canada:

Antitrust Watchdog Will Probe Surging Canadian Grocery Prices
(DBN)

Canadian marijuana company Flowr receives initial creditor protection order
(DBN)

Canadians expect a 2023 downturn, to reduce spending: Survey
(DBN)

____________

Russia:

Zelensky slams Israel, suggests Russia will help Iran with its nuclear program
(DBN)

Russia is planning major battle in Kherson despite creating ‘illusion of withdrawal’
(DBN)

Why Russia’s strategic defeat is in the cards
(DBN)

Ukraine calls for war insurance to attract private investors
(DBN)

German president visits Kyiv as West mulls rebuilding plan
(DBN)

A 26-year-old Ukrainian woman described being tortured with electric shocks and hammers while held in Russian captivity for 6 months: 'They treated us like animals' • Where Russians Retreated, Ukrainians Find Devastation
(DBN)

Ukrainian foreign minister on Russia's "dirty bomb" claim: "Drink less dirty vodka" • Russia to Take Dirty Bomb Claims to UN Council • West Warns Russia Could Use Dirty Bomb as Pretext
(DBN)

Griner "not expecting miracles" in Tuesday's appeal hearing
(DBN)

Putin, Xi, Biden Are Racing Toward Nuclear War, World War III
(DBN)

Ukraine Accuses RT of Inciting Genocide After Presenter Calls to Drown Children
(DBN)

Progressives urge Biden to push harder for Ukraine peace talks
(DBN)

Pelosi on McCarthy comment: ‘We’ve never given a blank check to Ukraine’ • Top GOP Intelligence rep predicts 'wild, wild west' fight over December Ukraine aid • Pelosi’s New Plan Is Going to Make Putin Really Pissed
(DBN)

Top US, Russian Generals Speak Amid Fears of Nuclear Escalation • Americans Support Biden’s Response to the Ukraine War But Worry About Nuclear Escalation
(DBN)

Putin’s Threats Worry Ukraine’s NATO Allies as Sign of Russian Desperation
(DBN)

____________

MENA:

Iran Indicts Hundreds as Students and Strikes Sustain Protests
(DBN)

____________

China:

China’s Budget Deficit Nears Record $1 Trillion as Economy Slows
(DBN)

China’s Coming Clash with Economic Reality
(DBN)

China’s Fiscal Challenges
(DBN)

____________

Myanmar:

Dozens Dead as Myanmar Military Bombs Concert, Committing ‘War Crime’
(DBN)

____________

Mexico:

Mexico’s Inflation Eases After Banxico Hikes Its Key Interest Rate to a Record High
(DBN)

____________

Germany:

German hospitals face bankruptcy
(DBN)

____________

Australia:

Australia Faces Swelling Debt, Deficits Even as Spending Curbed
(DBN)

____________


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