October 27, 2022

The Daily Bankruptcy News

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Law:

Jones Day names 45 new partners • Jones Day elevates 45 to partner in latest US-dominated promotions round
(DBN)

Dechert LLP, Black Ex-Employee Settle Bias, Retaliation Case
(DBN)

Biglaw Partners In This City Are Behind On Compensation
(DBN)

Lawyer is acquitted on tax and wire-fraud charges for wiring $6.5M in client funds to Swiss bank account
(DBN)

Giuliani’s ‘Experts’ Get Cold Reception in Washington Ethics Case • D.C. Bar Regulators Object to Rudy Giuliani's Plan to Call Conservative Lawyers and 2020 Election Deniers to His Defense
(DBN)

Ex-Trump aide Mark Meadows ordered to testify in Georgia election meddling probe • South Carolina Court Orders Mark Meadows To Tell Georgia Prosecutor About That Funny Time He Tried To Steal An Election • Mark Meadows Can’t Ignore a Fulton County Subpoena Either
(DBN)

The Trump Organization tax-fraud jury has 7 jurors so far — and 2 openly dislike how he ran the country
(DBN)

Donald Trump Trying To Use The Courts For His Petty Grudges. Again.
(DBN)

D.C. High Court Will Decide Key Question in E. Jean Carroll's Lawsuit Against Donald Trump After Setting Expedited Schedule
(DBN)

Arizona GOP chair asks Supreme Court to block Jan. 6 panel subpoena • U.S. Supreme Court's Kagan blocks Jan. 6 panel from getting Arizona Republican's records • Trump’s Legal Team Accepts Service of Congressional Jan. 6 Subpoena • Secret Service Inspector Who Protected Mike Pence and Other U.S. Government Witnesses Cap off Another Week in Oath Keepers Trial • Epoch Times Loses Defamation Lawsuit About 'Substantially True' Reporting on Co-Founder's Jan. 6th Conspiracy Theories • Law Enforcement Witnesses Testify at Seditious Conspiracy Trial While Oath Keepers Leader Stewart Rhodes Is Sidelined with COVID-19
(DBN)

What Really Happened at the Penn State Protest Against Proud Boys Founder Gavin McInnes
(DBN)

She Feared Giving Birth Would Kill Her. She Fled Her State for an Abortion • Texas Supreme Court weighs whether to dismiss abortion funds’ defamation case against anti-abortion activist • Pa. Supreme Court hears arguments on Medicaid funding for abortion
(DBN)

Accused Christmas Parade Attacker Keeps Getting Kicked Out of His Own Trial
(DBN)

Lawyer Who Fought Helmet Laws Dies in Crash Not Wearing One
(DBN)

Gun retailers are finding ways to advertise on Facebook and Instagram despite the apps' policies
(DBN)

St. Louis school shooter had AR-15-style weapon, 600 rounds of ammo • St. Louis school shooter obtained a gun after his family worked with police to have one removed from their home, officials say • A St. Louis news anchor reported on the latest school shooting. It was her daughter’s school.
(DBN)

3 men convicted of supporting plot to kidnap Gov. Whitmer
(DBN)

Wisconsin man found guilty of killing 6 people after plowing SUV into Christmas parade
(DBN)

These are the safest states in the US: research
(DBN)

Florida Sergeant in Hot Water for Tweet Calling Black People One of ‘America’s Biggest Problems’
(DBN)

Exhumations to resume in attempt to identify victims of Tulsa Race Massacre
(DBN)

Pa. Republicans move to impeach Philadelphia's progressive prosecutor • Pennsylvania Republicans’ attempt to impeach Larry Krasner, explained
(DBN)

Pfizer In Hot Water For Daring To Have A Diversity Program
(DBN)

Ex-Acting Assistant Attorney General Details How Combating ISIS Prepared Her to Take on U.S. Domestic Extremists and So-Called 'Militias'
(DBN)

Sen. Bob Menendez is under federal criminal investigation in New York • New Jersey Senator Menendez Faces New Federal Probe
(DBN)

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Judges:

Federal Judge Works Yale Insult Into 'Guerilla Campaign' Against Being Called 'Your Honor'
(DBN)

Court reporter is ordered to meet deadline or go to jail, with her equipment, until work is done
(DBN)

Justice Alito Takes Direct Aim at Law Schools for 'Abysmal' and 'Dangerous' Free Speech Climate as Conservative Judges Boycott His Alma Mater
(DBN)

Alito Tries to Make Critics Seem Radical
(DBN)

In cases challenging affirmative action, court will confront wide-ranging arguments on history, diversity, and the role of race in America • Diversity by diktat: An obscure 1977 OMB memo forms the basis for today’s affirmative-action programs • The history of anti-Black discrimination in higher education and the myth of a color-blind Constitution
(DBN)

Supreme Court justices spar over court legitimacy comments
(DBN)

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Wall Street:

 

Stocks end mixed on Wall Street amid weak tech earnings
(DBN)

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Layoffs:

Seagate will cut 3,000 employees in latest sign of major PC and cloud slowdown
(DBN)

Life science firm Medicago to cut 62
(DBN)

Zillow Group lays off around 300
(DBN)

Musk Tells Twitter Employees He Doesn’t Plan to Cut 75% Of Jobs
(DBN)

Credit Suisse Sinks on Plan to Raise $4 Billion and Slash Headcount by 9,000
(DBN)

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Mass Torts:

Lawmakers and Public Health Advocates Call for Congress to Finally Ban Asbestos
(DBN)

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Corporate Reform:

Executive-Bonus Clawbacks Are Set for Long-Delayed SEC Approval
(DBN)

Obama-era watchdog agency’s independence in peril
(DBN)

____________

Politics:

Senate Turns Dead Heat! • Senate races are tightening across the country in frenzied battle for majority
(DBN)

Election Day is Nov. 8, but legal challenges already begin
(DBN)

The Impeachment of Joe Biden
(DBN)

Dr. Oz Says Abortion Should Be Between 'Women, Doctors, Local Political Leaders' in Senate Debate
(DBN)

DeSantis attempts to defend abortion ban by pushing false claims
(DBN)

Dodge, deny or fib: Candidates stay vague on 2024 plans
(DBN)

A War Over Feral Horses Has Descended Into Bomb Threats and Right-Wing Conspiracies
(DBN)

‘We Will Find You’: Election Officials in Arizona Are Receiving Threats Before the Midterms • ‘I’m Watching You’: Cops Probe Creepy Election Letters to Arizona Democrats, Voters • Arizona’s Bulwark Against Trumpism Was Just a Mirage
(DBN)

Judge considers stopping Phoenix ballot drop box watchers
(DBN)

Nevada county begins conspiracy-inspired ballot hand count
(DBN)

Sorry, Democrats: Texas Isn’t a Secretly Blue State
(DBN)

Ohio elections chief: Precincts can’t take absentee ballots
(DBN)

Mark Cuban blasts 2-party political system that boosts "extreme views"
(DBN)

Lindsey Graham says there are 'gonna be people jumping off bridges in San Francisco by the thousands' if Jim Jordan becomes chair of the House Judiciary Committee
(DBN)

New Woman Alleges Herschel Walker Urged Her to Have Abortion
(DBN)

Extremist groups are going local to disrupt the midterms
(DBN)

The Moment a Room Full of Fetterman Supporters Fell Silent • The Oz and Fetterman Debate Was All About Americans’ Fears • Fetterman's painful debate • Fetterman raises $1M+ in hours after debate • Democrats in second-guessing mode after Fetterman-Oz Pennsylvania debate • White House downplays concerns about Fetterman debate performance • Biden, Harris to make rare campaign appearance as duo to help Fetterman
(DBN)

Trump to hold Pennsylvania rally days ahead of election
(DBN)

'Going to be ugly': All signs point to Republican landslide in Florida
(DBN)

Few Republicans in new survey say they have high confidence in scientists
(DBN)

Democrats scramble to avert shock Senate loss in Washington state
(DBN)

Biden’s low approval ratings weigh on undecided voters
(DBN)

Working-class struggles shake Nevada, threatening Democratic Party
(DBN)

Once key, US newspaper editorial endorsements fade away
(DBN)

LA police investigating if racist recording taped illegally • Los Angeles council censures members amid racism scandal
(DBN)

In a historic first, LGBTQ Americans will be on the ballot in all 50 states
(DBN)

____________


Economy:

Americans’ personal savings have fallen off a cliff. Brace yourself for just how much they have declined.
(DBN)

Fed to hike by 75 bps again on Nov. 2, should pause when inflation halves - economists: Reuters poll
(DBN)

US economy likely returned to growth last quarter
(DBN)

Housing is on the verge of a correction and Americans are feeling less and less upbeat about the economy
(DBN)

Paying the Bills Gets Harder in Key Battleground US States
(DBN)

Inflation taking a toll on health care and nutrition decisions in U.S.
(DBN)

Biden is undermining Powell’s efforts to curb inflation
(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)

Goldman CEO David Solomon warns a US recession is very likely - and says the Fed could hike rates above 4.5%
(DBN)

Bad news for Democrats ahead of the midterm elections: Voters worry about a recession and declining living standards
(DBN)

Is the cure for inflation worse than the disease?
(DBN)

Employee Surveillance Is a Working Mom’s Nightmare
(DBN)

Powell again is facing political pressure as worries mount over the economy
(DBN)

China could be set for even more Russian gas as Gazprom begins testing a key supply hub to reroute energy from Europe • Russia likely doesn't have enough ships to maneuver its oil around a G7 price cap, S&P Global says • Gas crunch eases in Europe — but the respite might not last • Biden Team Reworks Plan for Russia Oil-Price Cap as Markets Sour • Macron to Announce New Energy Price Aid for Companies on Friday • Unwanted Russian Oil Piles Up on Ships Anchored Near Singapore • TotalEnergies Posts Record Profit as Europe Pays Up to Avoid Gas Crunch • Russia Crisis Heralds Turning Point for Global Energy, IEA Says • Europe’s energy crisis raises firewood prices, theft fears • Ford to Exit Russia • Germany Ready to Up Uniper Aid to €60 Billion in Worst Case
(DBN)

Behind the surge in workers with disabilities: long COVID
(DBN)

98% of workers support pay transparency ahead of new law in NYC
(DBN)

Low-wage workers bear financial brunt of denied abortions
(DBN)

Superstorm Sandy legacy: Recovery far from equal on NY shore
(DBN)

Second rail union rejects Biden-brokered labor deal
(DBN)

Global Economy in ‘Disequilibrium’ Has Big Risks, Singapore Says
(DBN)

The No. 1 Issue in Election Ads Isn’t Inflation, Abortion or Joe Biden
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

New home sales plummeted 11 percent in September amid sky-high mortgage rates • New Home Sales Decreased in September; Completed Inventory Increased • New Home Sales Decrease to 603,000 Annual Rate in September • Where’s the bottom for new home sales?
(DBN)

The housing market has a big disconnect that can't last, and prices for new homes have a long way to fall, analyst says
(DBN)

The most popular US mortgage now costs Americans more than it has in 21 years as rates top 7%
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey; Lowest Level Since 1997
(DBN)

Homebuyers are making the biggest down payments in these 5 metros
(DBN)

New York has the most expensive rents in the U.S. This city is No. 2
(DBN)

Housing sector showing 'eerily similar' warning signs before 2008 collapse: expert
(DBN)

____________

Oil/Gas:

Talen Energy Supply cleared to solicit creditor votes on bankruptcy plan
(DBN)

Oil companies are standing in the way of a 'livable future,' doctors say in new report
(DBN)

Oil Advances for Third Day on Record US Exports, Weaker Dollar
(DBN)

IEA Expects Demand For All Fossil Fuels To Peak In The Next Decade
(DBN)

Shell to Raise Dividend After Posting Second-Highest Profit • Shell Earned $9.5 Billion in Q3
(DBN)

U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.
(DBN)

Saudi blasts release of oil reserves 'to manipulate markets'
(DBN)

As the World Backpedals on Ditching Oil, One Major Plows Ahead
(DBN)

Report: Global crises can speed up move to clean energy
(DBN)

Kazakhstan Signs Deal to Make Hydrogen at a $50 Billion-Plant
(DBN)

The Chevy Bolt’s huge sales prove America is craving a cheap electric car
(DBN)

____________

Climate:

World on track for a future marked by climate disasters with countries 'nowhere near' emissions goals • The world is failing its emissions test
(DBN)

Report: Fossil fuel addiction killing millions and worsening climate crisis
(DBN)

The Earth Is Getting Dangerously Hot
(DBN)

Almost every child on Earth will face frequent heatwaves by 2050: UNICEF
(DBN)

Climate change raised temperatures for 7.6 billion
(DBN)

UN weather agency: Greenhouse gases reach new record in 2021 • In yet another ominous climate change warning, greenhouse gases reach highest levels ever • The UN's new climate warning
(DBN)

Climate change "isn't hippy s---," will affect every line of business
(DBN)

The expanding push to curb industrial emissions
(DBN)

Western states propose deal over beleaguered Rio Grande
(DBN)

Companies don’t have capacity to meet climate pledges, Microsoft president says
(DBN)

Construction Begins on the World’s Largest Carbon Removal Plant
(DBN)

____________

Celebs:

Ye’s Gap Contract Lawyers Drop Him After Antisemitic Remarks • The organizations that have dropped Ye after antisemitic remarks • The New Documentary Kanye West Needs to See • Why Adidas may have waited before cutting ties with Kanye West • Ye escorted out of Skechers office in Los Angeles after he showed up unannounced • Gap’s NYC Flagship Packs Up Yeezy Products for Unknown Destination • Peloton drops Kanye West music from platform after anti-Semitic outbursts • Kanye's Yeezy wear pulled off shelves by T.J. Maxx, Marshalls
(DBN)

Musk Says $50 Billion Tesla Pay Package Is Justified by EV Maker’s Surge
(DBN)

____________

Retailing:

Bed Bath & Beyond, Trying to Turn Things Around, Names New C.E.O.
(DBN)

Five retail predictions for 2023
(DBN)

Gap’s real Yeezy problem
(DBN)

Department store foot traffic is down, but recovering: report
(DBN)

Americans Planning to Spend Generously This Holiday Season
(DBN)

____________

Banking:

White House targets end of overdraft fees, other "junk" consumer charges
(DBN)

Credit Suisse to Raise $4 Billion to Fund a Sweeping Overhaul • Credit Suisse Makes $180 Million Provision for Major Legal Costs • Credit Suisse’s Koerner Says Bank Will Be Profitable From 2024
(DBN)

Elizabeth Warren Sharpens Attack Against Zelle Payments System
(DBN)

____________

Wood Pellets:

Bankruptcy deal would protect bonds issued to fund wood pellet producer
(DBN)

____________

Education:

US Colleges Should Bring Back SAT and ACT Test Requirements
(DBN)

Parents Differ Sharply by Party Over What Their K-12 Children Should Learn in School
(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 (20 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)

Automatic Stay:

Should I Stay or Should I Go: Second Circuit Holds that Mortgagee Violated Automatic Stay by Foreclosing on Property where Bankrupt Tenant was a Named Defendant
(DBN)

____________

Aviation:

Heathrow says it will be years before demand returns to pre-pandemic levels
(DBN)

Lufthansa Sees Strong Quarterly Bookings Despite Inflation Wave
(DBN)

____________

Student Debt:

Biden Announces Plans to Expand Student Loan Debt Forgiveness Program, Benefiting Millions of Borrowers
(DBN)

Revamp of beleaguered PSLF program could give many public servants a second chance at student-debt relief
(DBN)

____________

Advertising:

Advertisers Hit the Brakes Amid Economic Uncertainty
(DBN)

____________

Crypto:

Voters want to see more crypto regulation, industry poll finds
(DBN)

____________

Tech:

"Chief Twit" Elon Musk arrives at Twitter HQ carrying a sink • Musk posts video of himself strolling into Twitter HQ • A timeline of the Musk-Twitter deal so far • Twitter Is Already a Graveyard, Leaked Report Suggests
(DBN)

Meta shares sink following earnings miss, weak forecast • Meta's profits plunge more than 50% as ad revenue dwindles • Meta shares plummet 14% on weak fourth-quarter forecast and earnings miss • Mark Zuckerberg vows to spend billions more on the metaverse next year despite burning a whopping $4 billion on it this quarter • Snap CEO Evan Spiegel blasts the metaverse: 'The last thing I want to do when I get home from work during a long day is live inside of a computer' • Apple executive slams the metaverse: It's a 'word I will never use' • Zuckerberg Asks for ‘Patience’ as Meta’s Costs Spook Investors • Meta’s Spiraling Rout Puts It on Brink of Losing Top 20 Status • Morgan Stanley Downgrades Meta for First Time as Costs Soar
(DBN)

____________

Autos:

Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment • Ford Narrows Annual Profit Forecast to Low End of Range
(DBN)

Tesla Under Criminal Investigation Over Claims About Self-Driving Cars, Report Says
(DBN)

Toyota About to Make a Big Change to Challenge Tesla
(DBN)

____________

Labor:

Biden’s Pro-Labor Presidency Still Isn’t Good Enough for Unions
(DBN)

____________

Student Debt:

Millions of borrowers will face 'real trauma' when the student loan freeze ends in a few short weeks
(DBN)

Biden administration announces PSLF plans, and ABA suggests extension of student-loan payment pause
(DBN)

____________

Agribusiness:

Northern Iowa specialty soybean dealer files for bankruptcy
(DBN)

____________

Healthcare:

Your Covid symptoms may depend on how vaccinated you are, new data suggests
(DBN)

Insurance premiums stayed stable in 2022, study finds
(DBN)

Three-quarters of pediatric hospital beds in U.S. are full amid surge of viruses in kids
(DBN)

Specialists seek a reprieve for 2023 Medicare payment cuts
(DBN)

CDC map shows where flu activity is already spiking
(DBN)

____________

Fraud:

Imprisoned Bruce Matson settles with LandAmerica trustee
(DBN)

____________

Sovereigns:

Argentina Downgraded by Fitch on Rising Debt Repayment Risk
(DBN)

____________

UK:

Rishi Sunak, New U.K. Leader, Delays Major Economic Plan • Sunak makes Parliament debut as PM, axes more Truss policies
(DBN)

UK Seeking to Plug £35 Billion Fiscal Shortfall on Nov. 17
(DBN)

UK’s Sunak Takes No Tax Options Off the Table in Economic Plan
(DBN)

Yorkshire and the Humber sees month-on-month fall in insolvency-related activities
(DBN)

Nearly Half of UK Families Are Left With Less Than £3 a Week
(DBN)

UK Mortgage Lending to be Lowest in Over a Decade in 2023, EY Says
(DBN)

UK Economy’s Latest Headache is Rising Business Borrowing Costs
(DBN)

____________

EU:

ECB to Double Rates to Highest in Over a Decade
(DBN)

____________

Canada:

Bank of Canada Slows Rate Hikes in Move Markets Hope Fed Follows
(DBN)

____________

Russia:

‘Kill everyone’: Russian violence in Ukraine was strategic
(DBN)

Zelensky says Ukraine ‘preparing good news’ in fight against Russia
(DBN)

Russian Politician Calls for ‘Desatanization’ of Ukraine
(DBN)

Now Putin’s Sending Prison Rape Victims to Die on the Front Line • Russia’s chaotic draft leaves some out in cold, without gear
(DBN)

The drama over progressives’ Ukraine letter, explained • Ukraine "concerned" about U.S. Republican threats to cut aid, FM says
(DBN)

‘Putin’s goddaughter’ flees Russia hours before agents swoop to arrest her
(DBN)

Putin Ally Shuts Down Russia’s Dirty Bomb Claim
(DBN)

____________

France:

French leader vows to raise retirement age to 65, up from 62
(DBN)

____________

China:

China’s factory activity slumps at fastest pace in two years
(DBN)

China Wants to ‘Speed Up’ Its Seizure of Taiwan, Blinken Says
(DBN)

Hiring at China’s Small Firms Fails to Pick Up from Record Low
(DBN)

China Housing Crisis Fuels Record Loss in Bank of East Asia Debt
(DBN)

China denounces "despicable" bill to sanction Xi in angry email
(DBN)

____________

MENA:

Gunmen attack major Shiite holy site in Iran, killing 15 • Violence reported after huge crowds gather at Mahsa Amini’s grave in Iran • Biden admin imposes sanctions on Iranian officials over 'brutal' crackdown on protests
(DBN)

____________

Australia:

Economists Cut Australia 2023 GDP Outlook, Signal Inflation Risk
(DBN)

Two Economists See RBA Resuming Half-Point Hikes After CPI Shock
(DBN)

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