October 26, 2022

The Daily Bankruptcy News

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Law:

An Awesome October Surprise For Associates: Raises That Beat The Cravath Scale
(DBN)

Cravath expects everyone to be in office Tuesdays and Wednesdays
(DBN)

Work From Home = Dead Law Firm
(DBN)

Biglaw High-Yield Bond Practices Experiencing 'Painful Period' Thanks To Recessionary Market
(DBN)

These Biglaw Partners Are Billing The Most Hours
(DBN)

Ex-EEOC lawyer is making ‘highly questionable’ assertion about abortion travel benefits, Littler Mendelson says
(DBN)

Workers don’t think their employers are doing enough in response to ‘Roe’—and it could lead to more quits
(DBN)

Law grad who married Japanese princess has this in common with 23% of repeat test-takers of New York bar exam
(DBN)

Jonathan Turley Earns Withering Rebuke From Preet Bharara
(DBN)

Hope Hicks, a longtime Trump aide, interviewing with Jan. 6 committee New York Attorney Charged With Assaulting Police During January 6th Capitol Riot Ex-Capitol Police officer charged with obstruction tells jury he is 'embarrassed' by Facebook chat with Jan. 6 rioter Does Trump have to testify to Jan. 6 committee? It’s a ‘constitutional gray area’ Thinking Through the Jan. 6 Committee’s Trump Subpoena
(DBN)

Trump, children may be called to testify in company’s fraud trial, judge says Some potential jurors gasped in court as a judge revealed they might serve on the Trump Org criminal trial Prospective jurors concede they dislike Trump at criminal trial for his business Prosecutor says star witness may be 'reluctant' in Trump company trial
(DBN)

Trump Appeal in Rape Accuser’s Defamation Suit Gets Fast-Track
(DBN)

An aide who once claimed he was with Trump when the former president declassified government records pleaded the fifth for the DOJ's Mar-a-Lago documents probe: report
(DBN)

Carl Bernstein says ‘proof is there already’ for DOJ to indict Trump
(DBN)

It's All Fun And Games For MAGA Trolls Jacob Wohl And Jack Burkman, But Sooner Or Later, Someone's Gotta Go To Jail
(DBN)

First Amendment Doesn’t Protect Anti-Abortion Activists Who Recorded Planned Parenthood, 9th Circuit Says
(DBN)

Harvey Weinstein’s Lawyers Say Everyone Had ‘Transactional Sex’ in Hollywood Before #MeToo — And Call Jennifer Siebel Newsom a ‘Bimbo’
(DBN)

Ohio shooter of 5 family members claims he 'had no choice'
(DBN)

Rise in antisemitism is feared after banner saying 'Kanye is right' is hung over Los Angeles freeway
(DBN)

U.S. Sees Worrying Rise in Antisemitic Incidents
(DBN)

Pair gets life in prison for killing U.S. consulate worker, 2 others after mistaking them for members of rival gang
(DBN)

School gunman had AR-15-style weapon, 600 rounds of ammo
(DBN)

The Supreme Court’s New Era of Limitless Gun Rights Is Going As Disastrously As You’d Expect
(DBN)

8-year-old Texas boy accidentally killed with shotgun by 10-year-old brother
(DBN)

Bikini Baristas Win Lawsuit Over Unconstitutional Dress Code
(DBN)

Texas man who sold gun to synagogue hostage-taker gets nearly 8 years
(DBN)

Wisconsin family of 6 found dead after apartment fire were shot, authorities say
(DBN)

4 teens killed in NY crash may be linked to disturbing social media challenge
(DBN)

Judge Orders DeSantis to Turn Over Migrant Flight Records
(DBN)

New frontline of U.S. abortion battles emerges in New Mexico
(DBN)

NY’s Crime Rate Dominates Only Debate in Narrowing Governor’s Race NYC hot spots cutting hours as crime, staff shortages eat away at business Popular convenience store chain shuts down more stores following crime surge
(DBN)

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Judges:

Thomas? Kavanaugh? Roberts? Conservatives dominate Supreme Court but lack clear leader
(DBN)

Alito says leaked abortion opinion made conservative justices 'targets for assassination'
(DBN)

Ginsburg honored as ‘icon of American culture’ with new stamp This Justice Ginsburg tribute is the size of a postage stamp
(DBN)

Samuel Alito Cared A Lot More About The Precedent Of Roe *Before* He Had A Lifetime Appointment To The Most Powerful Court In America
(DBN)

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Wall Street:

Stock futures fall after Alphabet reports earnings miss
(DBN)

A lost decade in the stock market is likely as long as oil prices continue to trend higher, Stifel says
(DBN)

Meme Stock Hycroft Sued for Diluting Bankruptcy-Related Warrants
(DBN)

Goldman Sachs Says US Equity Bottom Conditions Are Not There Yet
(DBN)

Wall Street bonuses are expected to plunge a staggering amount in 2022
(DBN)

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Layoffs:

Meta and Google are snapping up Twitter employees as Elon Musk plays a game of will-he-won't-he with the company
(DBN)

Small-Business Lender Fundbox Cuts 40% Of Workforce
(DBN)

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Media:

Bad winter coming for U.S. media companies
(DBN)

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Tech:

Apple glass supplier Corning warns smartphone sales down 14%
(DBN)

The clock is ticking for Elon Musk to buy Twitter - and he's running out of time
(DBN)

Twitter Is Losing Its Most Active Users, Internal Documents Show
(DBN)

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Crypto:

The Obligations and Responsibilities of Creditors’ Committees in Crypto Bankruptcies
(DBN)

Crypto winter is hurting Google’s ad empire
(DBN)

New details reveal how the alleged 'crypto king' scheme left investors out millions
(DBN)

Collapsed Australian digital currency exchange accused of misappropriating customers’ funds
(DBN)

Crypto’s New Class of Kingpins Emerge After The Merge
(DBN)

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Food/Beverage:

Chipotle says price hikes lift revenue as customer visits slip
(DBN)

Heineken Sees Signs of Softer Demand as Inflation Hits Drinkers
(DBN)

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Celebs:

Kanye West's antisemitic rants are the tip of a much longer spear From Adidas to JPMorgan, these are all the companies cutting ties with Kanye West after his offensive behavior Adidas Terminates Partnership With Kanye West at a Cost of $246 Million Kanye West loses billionaire status after Adidas terminates partnership Kanye fame gives his unrepentant antisemitism troubling megaphone GAP rips merchandise from stores NFL, NBA Stars Drop Ye’s Donda Sports Agency as Backlash Grows Spotify not removing Ye's music despite 'awful' anti-Semitic commentsFoot Locker is latest retailer to cut ties with Kanye West amid anti-Semitic outbursts Kanye West’s antisemitism cost him Adidas and most of his empire Kanye West may have finally reached the point of no return
(DBN)

Kim Zolciak-Biermann Facing Foreclosure
(DBN)

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Movie Theaters:

National CineMedia Sues Regal For Breach Of Contract, Says Theater Chain Is “Weaponizing” Chapter 11 Regal Owner Cineworld Bankruptcy Sparks Breach of Contract Suit from National CineMedia
(DBN)

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Awards:

BK AZ: Pro Bono Honor Roll BK MA: Pro Bono Honor Roll
(DBN)

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Training:

Software sales trainer Prehired loses bid to keep bankruptcy in N.Y.
(DBN)

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Agribusiness:

North central Iowa grain business loses state licenses, files for bankruptcy
(DBN)

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History:

‘Tell the Story Every Way You Can’: Bess Wohl on ‘Camp Siegfried’
(DBN)

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Asset Protection:

Single Member Limited Liability Companies And Creditor-Debtor Law
(DBN)

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Healthcare:

Ahead of holiday season, experts eye another COVID winter
(DBN)

Hurricane Ian Started a Clock Ticking for Dialysis Patients
(DBN)

A billing expert thought her husband's ER bill was egregiously high — and she was right
(DBN)

New York Supreme Court Orders NYC to Rehire, Pay Back Wages to Unvaccinated City Employees
(DBN)

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Economy:

U.S. Consumer Confidence Ebbs; House Prices Slow Sharply
(DBN)

US Dollar Drops to Three-Week Low as Traders Weigh a Fed Pivot
(DBN)

A ‘catastrophe’ is coming for the economy, but it’s not recession or inflation, says Secretary of Labor Marty Walsh
(DBN)

‘The greatest harm I could ever imagine’: Organized labor blasts Fed rate hikes
(DBN)

Leading Economic Index: What it is and why its flashing a recession warning sign
(DBN)

Inflation will be stickier for longer and double what consensus views predict in 2 years, Deutsche Bank says
(DBN)

Powell's Fed Has a Cunning Plan to Fight Inflation: Reverse Wealth Effects
(DBN)

Coca-Cola Keeps Raising Prices, Pushing Profits Higher
(DBN)

For Disabled Workers, a Tight Labor Market Opens New Doors
(DBN)

The Fed is slammed with a 'trilemma' of problems and will slow rate hikes to prevent something breaking in the financial system, Mohamed El-Erian says
(DBN)

JPMorgan's Jamie Dimon says Russia's war on Ukraine and other geopolitics are more concerning than a recession
(DBN)

China outnumbers the U.S. for the first time in this ranking of the world’s ‘best’ universities and U.S. economy will likely fall into recession, former Fed official says
(DBN)

The Fed took the punch bowl away when the party was already 'pissed drunk' and now a US recession is a sure thing, says top economist David Rosenberg
(DBN)

Why childfree Americans can rethink ‘the whole foundation’ of their money plan
(DBN)

Most Americans don't think life will be better for today's kids
(DBN)

Airbus is paying nearly all of its 126,000 employees a $1,470 bonus to help them cope with the cost of living crisis
(DBN)

Workers without sick pay or family leave quit during the pandemic more than those who had benefits, House report shows
(DBN)

Why Financial Professionals Should Consider Working in the Office
(DBN)

Russian Oligarchs Obscure Their Wealth Through Secretive Isle of Man Network Poland Is Facing Mounting Energy Insecurity Europe's energy crisis heaps pain on heavy industry Saudi Aramco Says Oil Market’s Changing as Sanctions Hit Russia European Gas Rises as Timelines for Key EU Crisis Measures Slip Europe Is Running Out of Time to Act on Gas Before Winter Freezing in Winter Due to Lack of Money Europe now has too much gas. Here’s how the continent dodged Putin’s energy squeeze so far
(WSJ)

Are Californians Fleeing En Masse to Texas? The Reality Is Complicated.
(DBN)

California Now World's 4th Largest Economy
(DBN)

How Much Salaries Are Expected to Rise Around the World in 2023
(DBN)

A debt ceiling showdown in Congress could send US economy into tailspin
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Case-Shiller: National House Price Index "Continued to Decelerate" to 13.0% year-over-year increase in August Comments on August Case-Shiller and FHFA House Prices Home prices cooled at a record pace in August, S&P Case-Shiller says US sees record slowdown in home prices US Home Prices Now Posting Biggest Monthly Drops Since 2009
(DBN)

The housing-price plunge has probably already arrived at a city near you
(DBN)

Here Are the Most Expensive US Cities for Renters Right Now
(DBN)

This chart shows just how out-of-control rent has gotten: The typical person has to work 64.2 hours just to pay rent — up from 56 hours just two years ago
(DBN)

Fall 2022 Wall Street Journal/Realtor.com Emerging Housing Markets Index
(DBN)

Inflation could fall back to the Fed's 2% target quicker than the market expects as housing prices are primed for a 20% decline, chief economist says
(DBN)

S&P CoreLogic Case-Shiller: Late Summer Slowdown in Home Shopper Activity
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in September
(DBN)

Lawler: Update on the Household “Conundrum”
(DBN)

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Municipalities:

Puerto Rico Oversight Board seeks summary judgment on PREPA lien
(DBN)

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Oil/Gas:

New York and New England start rationing heating oil before winter as stockpiles slump by 70% and fears rise that families will be left in the cold
(DBN)

Idled St. Croix Refinery Risks Explosion, 'Catastrophic' Releases
(DBN)

A Diesel Shortage Is Spreading Across The U.S.
(DBN)

IEA says developing nations are the No. 1 casualty of the energy crisis
(DBN)

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Tech:

Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
(DBN)

Microsoft drops 6% after revealing weak guidance on its earnings call
(DBN)

YouTube’s shrinking ad business is an ominous sign for battered online ad market
(DBN)

Chipmakers in ‘Unprecedented’ Slump Rule Out Quick Turnaround
(DBN)

Recession fears, bleak ad market dim expectations for Snap after revenue miss
(DBN)

Tech’s Big Day Tarnished as Microsoft, Google, TI Disappoint
(DBN)

Gopuff Layoffs Signal Instant Delivery’s Demise
(DBN)

Elon Musk tells bankers he plans to close Twitter deal on Friday Elon Musk Seems to Answer to No One. Except for a Judge in Delaware.
(DBN)

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Autos:

Tesla Has An Elon Musk Problem
(DBN)

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Utilities:

California proses PG&E pay $155M fine over 2020's Zogg Fire
(DBN)

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Distressed Investing:

Hedge Funds Dive Into Junk Bonds as Distress Spreads in Corporate Debt
(DBN)

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Banking:

Deutsche Bank logs ninth straight quarter of profit with big earnings beat
(DBN)

Ex-Deutsche Bank Trader Sues for Bonus After Bad Bank Shutdown
(DBN)

Credit Suisse banking on restructure revamp
(DBN)

____________

Politics:

Democrats, on Defense in Blue States, Brace for a Red Wave in the House
(DBN)

Biden Job Approval Back Down to 40%
(DBN)

Marjorie Taylor Greene reportedly lost a lot of cash in Trump-linked deal
(DBN)

Most Candidates Who Think '20 Was Rigged Are Going To 'Win' In November
(DBN)

QAnon Is Backing These Sec. of State Candidates in 2024 Master Plan
(DBN)

Oz, Fetterman clash on abortion, fracking and more in Pennsylvania Senate debate Fetterman’s Uneven Debate Gives Oz Traction in Pennsylvania Race Fetterman Struggles During TV Debate with Oz Key takeaways from the Pennsylvania Senate debate What we didn’t learn from the Fetterman-Oz debate Five takeaways from the Fetterman-Oz debate in Pennsylvania
(DBN)

Pro-Trump Republicans court election volunteers to ‘challenge any vote’
(DBN)

Growing number of Republicans say Trump won’t be GOP nominee
(DBN)

Trump eyes longtime Virginia operative for senior 2024 campaign role
(DBN)

Alaska Republicans vote to censure McConnell
(DBN)

Lawsuit alleges ‘coordinated campaign of vigilante voter intimidation’ in Arizona Top Arizona election official refers more cases of potential voter intimidation to law enforcement
(DBN)

Trump discussed nuclear weapon systems with Woodward Bob Woodward Was Stunned By What Trump Told Young Son Barron About Coronavirus
(DBN)

Trump angrily rejected the CIA considering Kim Jong Un 'stupid', insisting he knows best because of their 'chemistry'
(DBN)

Most Cuban Americans disapprove of Biden on the issues, but new arrivals like him, poll finds
(DBN)

As Republican Campaigns Seize on Crime, Racism Becomes a New Battlefront
(DBN)

Right-Wing Operatives Plead Guilty in Voter-Suppression Scheme
(DBN)

Politics increasingly a red flag on US dating scene
(DBN)

Is Christian nationalism growing or declining? Both.
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (5 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 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)

Mass Torts:

Catholic Diocese of Buffalo Will Submit to Secular Oversight Stricter clergy oversight part of Buffalo diocese settlement Attorney General James Reaches Landmark Settlement with Catholic Diocese of Buffalo for Mishandling Child Sexual Abuse Cases
(DBN)

‘The greatest innovation in the history of bankruptcy’
(DBN)

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Intercreditor:

Jilted Investors Find Hope Challenging Lien-Altering Debt Deals
(DBN)

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Bankruptcy Strategy:

The Peabody Award: Exclusive Opportunism in Bankruptcy
(DBN)

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Bankruptcy Alternatives:

How the Common Law Of ABCs And Bankruptcy Work Together (In re Computer World)
(DBN)

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Cross-Border:

The Insolvency Review
(DBN)

Bankruptcy Court Denies Chapter 15 Recognition to a Case in the Isle of Man
(DBN)

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UCC:

11th Cir. Holds Florida’s ‘Standard Search Logic’ Exception Did Not Save Incorrect Debtor Name in UCC-1s
(DBN)

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Trustees:

Subchapter V Trustee’s Right To “Appear And Be Heard”: Duties v. Powers
(DBN)

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Solvent Debtors:

New Bankruptcy Rulings May Give Solvent Debtors Leverage
(DBN)

Make-Whole Payments and Solvent Debtors: A Potentially Widening Circuit Split
(DBN)

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Aviation:

JetBlue posts quarterly profit as travel demand helps cover jump in costs
(DBN)

Business Class Passenger Booted Off Plane After Warning Cabin Crew Not To Look At Her For Nine Hours
(DBN)

Airline launches lottery to entice more passengers to sit in the middle seat
(DBN)

London’s Heathrow Airport Drops Curbs, Says 25,000 Staff Needed
(DBN)

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Retailing:

'I chose God': Hobby Lobby CEO says he's giving away company
(DBN)

Amazon delivery driver found dead after an apparent dog attack
(DBN)

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Labor:

Starbucks’ Negotiations With Union Stores Begin and Immediately Collapse
(DBN)

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Climate:

Climate Pledges Are Falling Short, and a Chaotic Future Looks More Like Reality
(DBN)

Apple calls on global supply chain to become carbon neutral by 2030
(DBN)

Earth’s on Track to Warm Above 2C Despite Climate Action
(DBN)

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Sovereigns:

Sri Lanka: Security forces deployed after violent protest
(DBN)

Egypt’s Distressed Debt Lures Buyers as IMF Eases Default Fears
(DBN)

Ukraine external financing needs could reach $5 bln a month, IMF's Georgieva says
(DBN)

____________

UK:

Rishi Sunak Is a Brexit Supporter. Here’s What He’ll Have to Navigate Rishi Sunak is the youngest British prime minister of modern times Just How Rich Is Rishi Sunak, the UK’s New Prime Minister? Rishi Sunak vows to clean up Liz Truss' 'mistakes' as he becomes British PM
(DBN)

Sunak Delays UK Economy Plan to Nov. 17 to Allow for Decisions
(DBN)

UK Real Wages Fell at Sharpest Pace Since 2010 Financial Crisis
(DBN)

Energy bill help for all is too expensive, warns the World Bank
(DBN)

____________

EU:

Markets wants answers from the ECB as its preps for a jumbo rate hike
(DBN)

After UK Chaos, Emmanuel Macron and Giorgia Meloni Face Inflation Test
(DBN)

Macron, Scholz Seek a Reset for Europe’s Engine After Tensions
(DBN)

____________

Italy:

Italy seeks EU green light by end-2022 to revive bad loan guarantee scheme
(DBN)

____________

Russia:

Putin’s Two Biggest War Hawks Are Turning on Him Russian billionaire behind mercenary army in Ukraine confronted Putin about botching the war, report says
(DBN)

Where Russia concealed casualties
(DBN)

Putin admits Russia is facing 'issues' in the Ukraine war and told his team to make faster decisions Putin scrambles to boost weapons production for Ukraine war
(DBN)

Four non-nuclear ways Putin could escalate the Ukraine war
(DBN)

Russian court rejects Brittney Griner's appeal Brittney Griner fears facing inhumane treatment at Russia's penal colonies, where abuse is common, disease is rampant, and labor is forced
(DBN)

Russia sends fathers who don’t pay child support to fight in Ukraine
(DBN)

US official: 'Troubling developments' with Russia nuke arsenal
(DBN)

Investigation reveals ‘remote control killers’ behind Russia’s missile strikes
(DBN)

30 House Democrats urged Biden to negotiate with Russia, a crack in support for the White House Ukraine strategy Progressives ‘didn’t consider election timing’ with letter on Biden’s Ukraine strategy Pelosi pushes back on the left on Ukraine aid House Dems backtrack on letter urging Biden to negotiate with Putin How rising skepticism of US Ukraine aid plays into Putin's hands Progressives go on damage control after Ukraine diplomacy letter
(DBN)

Russian TV presenter says sorry but faces probe for call to drown Ukrainian children
(DBN)

Ukraine alleges Russian dirty bomb deception at nuke plant Russia Accused Ukraine of Making a Dirty Bomb Using Images From Movies and 9/11 What is a dirty bomb and why is Russia talking about it?
(DBN)

Israel president gives US intel on Iran drones in Ukraine
(DBN)

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China:

Why Biden’s Block on Chips to China Is a Big Deal
(DBN)

Xi’s Vow of World Dominance by 2049 Sends Chill Through Markets
(DBN)

Wuhan Locks Down Part of City Center as Covid Cases Emerge
(DBN)

____________

MENA:

‘I felt solidarity’: Afghan women monitor Iran protests, vow to continue fight for basic rights
(DBN)

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Brazil:

Changes and Convergence of Bankruptcy Law: Recent Experience in Brazil
(DBN)

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Hong Kong:

Show some respect – Court of Appeal affirms primacy of exclusive jurisdiction clause in bankruptcy proceedings
(DBN)

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South Korea:

Legoland crisis spreads across corporate world
(DBN)

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Australia:

Comparative table of Australian and international liquidation processes
(DBN)

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Romania:

Romanian courier firm Nemo Express files for insolvency
(DBN)

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