October 6, 2022

The Daily Bankruptcy News

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Law:

Law Firm Merger Activity Expected To Increase Thanks To Recession Fears
(DBN)

Simpson Thacher Tops Big Law Dealmakers as M&A Activity Skids
(DBN)

Plunge in IPOs Push Law Firms to Lower-Profile Financial Work
(DBN)

Partners Shouldn't Take Credit for Articles Written By Associates
(DBN)

Baker & Hostetler helped client conceal 'blatant insurance fraud,' suit alleges
(DBN)

Former Dewey CFO will pay over $95K to resolve SEC lawsuit over misleading financial statements
(DBN)

Northeastern University mistakenly sends acceptance emails to thousands of law school applicants Some applicants to this law school who didn't get accepted received emails stating otherwise Guilty! Law school sends out erroneous admissions emails
(DBN)

As Golden Gate Law works to meet bar pass standard, new students get full scholarships
(DBN)

Mind Games Cybercriminals Play With Law Firm Employees
(DBN)

Sen. Ron Johnson acknowledges texting with Trump attorney on Jan 6 Arizona GOP chair took the Fifth to Jan. 6 committee, panel's lawyer says FBI got tip about Oath Keepers' plans for armed fight in November 2020 Secret recording played at trial shows Oath Keepers allegedly planning for violence in DC Oath Keepers trial to resume with testimony from fresh witnesses
(DBN)

Court grants DOJ motion to expedite appeal in special master case Court agrees to fast-track DOJ's appeal in Trump special master case 'Privileged' Mar-a-Lago tranche include Trump legal docs, discussion on pardons Trump's direct handling of records could strengthen DOJ case Trump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise Talk of 'Civil War,' Ignited by Mar-a-Lago Search, Is Flaring Online Mar-a-Lago documents inadvertently published online — and undercut Trump's privilege claims
(DBN)

Judge rules salacious allegations off limits at Trump dossier trial
(DBN)

Cop Allegedly Killed by Colleague He Was Investigating for Gang Rape
(DBN)

They Thought Their Human Trafficking Nightmare Was Over. Then Came the Police.
(DBN)

California city fires police officer who fatally shot man who was half-kneeling
(DBN)

'The Kids Are Starving': 40 Hours on the Road With a Migrant Bus From Texas
(DBN)

Alec Baldwin settles lawsuit with family of cinematographer killed on 'Rust' set Alec Baldwin, 'Rust' producers say fatal shooting 'workplace accident' while seeking to dismiss suit Alec Baldwin is going to finish filming his Western movie 'Rust' after he fatally shot the film's cinematographer last year
(DBN)

Remains of teen missing since 1969 identified almost a decade after they were found
(DBN)

Darrell Brooks, the man accused of killing 6 people at a Wisconsin Christmas parade, is disruptively representing himself in court. Legal experts say it could be his strategy to create chaos and cause a mistrial.
(DBN)

Hammering Democrats on crime, Pa. Republicans target a liberal prosecutor
(DBN)

Supreme Court tosses Mass. gun law in latest Second Amendment win
(DBN)

Dad of 2 dies after GPS directs him to washed-away bridge, North Carolina family says
(DBN)

U.S. murder rate stayed flat in 2021 after soaring in 2020, FBI report says FBI data shows U.S. violent crimes decreased slightly in 2021
(DBN)

Revised 'Dreamers' program to get another review by court Appeals court orders more review of DACA
(DBN)

Biden bashes University of Idaho policy on contraception: 'What century are we in?'
(DBN)

At least 66 US clinics have halted abortions, institute says U.S. State Legislative Races Carry High Stakes for Abortion Access
(DBN)

Election Software CEO Arrested on Data Theft Charges
(DBN)

Man makes $21,000 selling 3D-printed guns during NY AG gun buyback program
(DBN)

Sheriff Who Called Black Colleagues 'Bastards' Forced to Step Down
(DBN)

Colorado baker fighting ruling over gender transition cake
(DBN)

'Our worst fears': Kidnapped baby, parents, uncle found dead
(DBN)

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Judges:

In case pending in appeals court for 7 years, 11th Circuit rules hours after news site writes about delay
(DBN)

Justice Jackson, other liberal SCOTUS justices appeared determined 'to go down swinging' in voting-maps case
(DBN)

12 Federal Judges Suggest They're No Longer Hiring Yale Law School Clerks... But Too Cowardly To Go On The Record Judge's Yale clerk-hiring boycott 'regrettable,' conservative colleague says
(DBN)

Supreme Court's 'history-and-tradition' test corrodes church-state barrier
(DBN)

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Wall Street:

Dow futures fall more than 150 points as Treasury yields tick higher
(DBN)

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Layoffs:

GE lays off workers at onshore wind unit as part of turnaround strategy
(DBN)

Facebook to purge thousands of workers as part of 'quiet layoffs'
(DBN)

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Crypto:

Celsius' Top 3 Execs Cashed Out $56M in Crypto Before Bankruptcy
(DBN)

Celsius' Crypto Customers Face Big Obstacle in Trying to Claw Back Their Deposits
(DBN)

The economic tinkerer who takes the long view of crypto
(DBN)

Crypto Lender Nexo's Co-Founders Rebuff Insolvency Speculation
(DBN)

____________

Student Debt:

6 States Sue To Block Student Loan Forgiveness Plan Because Their Governments Really Need The Interest Income
(DBN)

White House on lookout for scams ahead of student loan forgiveness applications
(DBN)

Biden's student loan forgiveness could cost $379 billion over 30 years
(DBN)

Biden's student loan debt forgiveness plan hit with lawsuit over 'racial motive'
(DBN)

Are My Student Loans Being Forgiven, Or What?
(DBN)

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Retailing:

Inflation + Customer/Vendor Contracts = Bankruptcy?
(DBN)

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Utilities:

Wildfire Victims Reach $117 Million Settlement with PG&E Executives for Assigned Liability Claims
(DBN)

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Banking:

Agencies say "living will" guidance for large banks is forthcoming
(DBN)

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Politics:

Herschel Walker Is Against Abortions, Except the One He Paid For Walker's team knew of an abortion allegation months before it surfaced Herschel Walker is an epically flawed candidate. He could still win Herschel Walker Suggests His MAGA Son Is Part of 'the Left' GOP Prays Scandals Don't Matter in Herschel Walker Race Woman: Walker Paid for My Abortion and I Still Have One of His Kids
(DBN)

GOP optimistic about Senate chances despite Walker turmoil
(DBN)

Biden and DeSantis will test their accord during Florida visit Biden and DeSantis join together in Ian recovery effort
(DBN)

Red wave alert: DeSantis up big in governor's race
(DBN)

New York Democrat: 'We've got to move on' from Biden, Trump generation
(DBN)

GOP seizes on Biden gaffes to attack competence
(DBN)

Senate Dems face brutal 2024 map with at least eight undecided incumbents
(DBN)

House speaker's fortune has grown $140 million since 2008, thanks in part to her husband's trades
(DBN)

'Here With My Two Jewish Lawyers': New Trump Book Doesn't Spare His Antisemitic Quips
(DBN)

Liz Cheney says 2 Arizona GOP candidates are a threat to democracy
(DBN)

The United States of Confederate America
(DBN)

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Economy:

ISM® Services Index Decreased to 56.7% in September
(DBN)

U.S. job openings drop sharply, labor market starting to loosen
(DBN)

ADP: Private Employment Increased 208,000 in September
(DBN)

$4,408,452,000,000: Federal Tax Collections Set Record Through August
(DBN)

US Treasuries Liquidity Problem Exposes Fed to Biggest Nightmare
(DBN)

Can Biden save democracy one US factory job at a time?
(DBN)

Why Interest Rates Are Rising Everywhere—Except Your Savings Account
(DBN)

Pay loss expectations at record low, survey shows
(DBN)

Global economy will 'crumble' if Fed doesn't stop hiking interest rates, billionaire investor Sternlicht says
(DBN)

The Federal Reserve's chance of a policy error 'has increased': JPMorgan
(DBN)

Wharton Professor Jeremy Siegel says he's disturbed by the Fed's groupthink as there are no members who have dissented with Powell's hawkishness
(DBN)

Fed's delayed inflation fight sparks fears of a policy overcorrection
(DBN)

Americans think California and Florida-style stimulus checks and Biden's student-debt relief make inflation worse — but they want them anyway
(DBN)

The perks of a pandemic-era job switch are fading fast
(DBN)

Treasury Secretary Janet Yellen says U.S. economy 'has failed to live up to the nation's promise of equal opportunity for all'
(DBN)

Trade Deficit decreased to $67.4 Billion in August
(DBN)

Economic shocks will undo years of progress for global poverty, World Bank says
(DBN)

Warren Presses Pentagon to Show Basis for Inflation Relief
(DBN)

Nearly half of Americans make this mistake with their credit card
(DBN)

German police see state actor role in Nord Stream blasts as probable Sweden Security Service Concludes Detonation Damaged Nord Stream Gas crisis set to worsen after Europe burns through winter stocks Germany to spend €13 billion on subsidy to cut electric bills
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage applications plummet 14% as higher interest rates and Hurricane Ian crush demand MBA: Mortgage Applications Decrease in Latest Weekly Survey; Purchase Activity Below Pandemic Low US mortgage rates hit 16-year high
(DBN)

Mortgage rates hit their highest levels since the peak of the 2000s housing bubble as the Fed's war on inflation escalates
(DBN)

Housing economist: Home prices to 'move sideways' as Fed boosts rates
(DBN)

Apartments: Net Absorption Very Low in Q3, New Construction Deliveries Even Lower
(DBN)

There is a special place in hell for landlords who exploit students who have yet to learn about tenancy rights
(DBN)

The post-storm affordable housing crisis
(DBN)

____________

Oil/Gas:

OPEC will cut production by 2 million barrels a day, likely sending gas and oil prices back up What OPEC's 2 million-barrel cut could mean for U.S. gas prices Biden 'disappointed' by OPEC+ decision to cut oil production OPEC oil output cut fuels Dems' gas price fears Inside the White House's failed effort to dissuade OPEC from cutting oil production to avoid a 'total disaster' US Delivers Angry Rebuke of OPEC+ Oil Cuts
(DBN)

We'll See $65 Oil Before We See $100
(DBN)

Gas prices starting to take off again. More increases are on the way
(DBN)

Putin and the prince: fears in west as Russia and Saudi Arabia deepen ties
(DBN)

The White House is reportedly weighing a controversial measure to lower gas prices ahead of midterm elections
(DBN)

Most electric car buyers don't switch back to gas
(DBN)

A quarter of electric car buyers are on the hook for $1,000+ payments
(DBN)

____________

Education:

'Universities are going to continue to suffer.' Colleges struggle with enrollment declines, funding
(DBN)

More on the Firing of that N.Y.U. Professor
(DBN)

____________

Climate:

Biden visits Florida one week after Hurricane Ian Biden surveys hurricane-ravaged Fort Myers by helicopter Biden discusses hurricane recovery efforts in Florida Hurricane deadliest in Florida since 1935 Homes unlivable, gators running around Hurricane Ian's death toll rises as crews in Florida go door to door in search for survivors in decimated neighborhoods Sanibel Island residents return to see if their homes survived devastating Hurricane Ian
(DBN)

Floridians endure slow wait for power knocked out by Ian
(DBN)

The largest polluter in the U.S. military reveals ambitious plan for bases to go net-zero
(DBN)

FEMA's secret weapon when disaster strikes? The IRS
(DBN)

Disturbance in the Atlantic now has 80 percent chance of development
(DBN)

California wells run dry as drought depletes groundwater
(DBN)

Climate change made summer drought 20 times more likely
(DBN)

Missing snow puts famed New Zealand ski areas on precipice
(DBN)

Climate Migration: Floods displace villagers in Indonesia
(DBN)

Firms Aren't Reporting Financial Risks of Emissions, Study Finds
(DBN)

____________

Maritime:

Barges grounded by low water halt Mississippi River traffic
(DBN)

____________

Fraud:

Rancher sentenced to 11 years in prison for $244 million 'ghost cattle' scheme
(DBN)

____________

Cannabis:

Legal cannabis poses a quandary for US companies screening staff for drugs
(DBN)

____________

Movie Theaters:

Cineworld In A Time of Bankruptcy – Part 1
(DBN)

____________

Healthcare:

The Debt Deal That Shows How Ugly Things Are Getting for Lenders
(DBN)

COVID boosters could save 90,000 lives, $56.5 billion
(DBN)

Long COVID is still disabling millions of Americans
(DBN)

Oklahoma governor signs bill withholding hospital funding over trans youth care
(DBN)

Medical Groups Ask AG To Investigate Violence Against Hospitals That Support Transgender Youth
(DBN)

Another COVID-19 variant could emerge this winter, Fauci says
(DBN)

Fauci says he should have been 'more careful' on pandemic messaging: 'No one's perfect'
(DBN)

Hospitals still aren't complying with transparency rules
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (8 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)

Bankruptcy Statistics:

US bankruptcy filings rise year-on-year for the second consecutive month
(DBN)

BK ME: Updated Filing Statistics
(DBN)

______________

Bankruptcy Research:

The Ex Ante Effect of Bankruptcy Law: Evidence from Chapter 12
(DBN)

____________

Cross-Border:

Rare Earth and Modern Land Chapter 15 recognition and the discharge of New York law governed debt
(DBN)

____________

Intercreditor:

All for One? Debt Co-Investors Need ‎Not Behave as Musketeers ‎
(DBN)

____________

Mass Torts:

Sandy Hook families spent weeks testifying about all the ways Alex Jones' hoax lies caused them to be harassed on the street, online, and in their own homes
(DBN)

Closing arguments set in Alex Jones' Sandy Hook trial Alex Jones 'boycotts' defamation trial as Connecticut jury to soon hear closing arguments in damages phase
(DBN)

Alex Jones is backing out of testifying in his Sandy Hook defamation damages trial, his lawyer says
(DBN)

Judge Temporarily Blocks Two State Lawsuits Over J&J Talc Marketing J&J Wins Pause of States' Asbestos Lawsuits in Bankruptcy Court
(DBN)

Drug companies in opioid crisis donated $27K to Ohio's Ryan
(DBN)

____________

Insurance:

Ian deals blow to Florida's teetering insurance sector
(DBN)

____________

Aviation:

High inflation is hitting holiday travel plans
(DBN)

Pilot sues Southwest after colleague stripped naked in front of her
(DBN)

____________

Space:

SpaceX launches new crew to the International Space Station
(DBN)

____________

Tech:

Elon Musk likely faces a 'staggering' legal bill as high as $100 million after his failed attempt to back out of buying Twitter Musk Twitter turnaround reflects legal challenges Deal back on? Elon Musk gets closer to buying Twitter In Twitter, Musk Buys the Walking Dead Musk's move to close Twitter deal leaves Tesla investors worried Musk's "super app" vision Judge says that Twitter v. Musk trial remains on schedule
(DBN)

Supreme Court's liability case could scramble the online world
(DBN)

____________

Sports:

Fired college football coaches make millions in buyouts
(DBN)

____________

Rail:

How Amtrak's 10 highest earners raked in six-figure bonuses
(DBN)

____________

Sovereigns:

Japan says no pact yet with Sri Lanka on debt restructure talks
(DBN)

____________

UK:

SEQUANA: UK Supreme Court Explanation of the "Creditor Duty"
(DBN)

Supreme Court Confirms That Creditor Duty Engaged When Company is Bordering on Insolvency
(DBN)

Directors only owe duty to creditors on real risk of insolvency, UK's Supreme Court rules
(DBN)

Report into Croydon council collapse reveals leadership 'dysfunction'
(DBN)

UK Five-Year Mortgage Rate Breaches 6% as Kwarteng Meets Lenders
(DBN)

U.K.'s Truss stands by 'disruption' agenda in speech marred by protest and doubts within her party
(DBN)

Prince Andrew Epstein Ties Exposed in New Documentary
(DBN)

UK Executives See Inflation Lingering and Plan to Hike Prices
(DBN)

____________

EU:

The Weil European Distress Index
(DBN)

Turmoil turns tide on Europe's banks after long recovery
(DBN)

____________

Russia:

The Kremlin Really Loved Elon Musk's Plan to End the War in Ukraine by Ceding Territory Elon Musk Doubles Down on Plan To End Ukraine War for Some Reason
(DBN)

Putin's troops retreat even as he formalizes Russia's claimed annexation of Ukrainian regions A Russian war correspondent admitted on state TV that Ukraine is winning back Kherson territory Putin's Dueling Foot Soldiers Are Now Apparently Killing Each Other Off Russian bodies, shattered vehicles mark Moscow's loss of Ukrainian town In the Ukraine war, a shadowy key player emerges: Russia's private army of mercenaries Ukrainian forces advance into key eastern region for the first time since conflict began Putin's army running scared as maps show huge Ukrainian advance in just four hours Ukraine could recapture Crimea as fleeing Russians continue to flounder Russia's military woes mount amid Ukraine attacks Russia in retreat on two fronts as Ukraine steps up counteroffensives
(DBN)

The Russian nuclear threat, explained Esper: Putin nuclear use in Ukraine 'unlikely but possible'
(DBN)

Petraeus: Putin is 'literally out of moves'
(DBN)

'A mini Auschwitz': Ukraine claims sex toy, pulled teeth found in 'torture chamber'
(DBN)

Putin asserts control over Ukraine nuclear plant, Kyiv disagrees Russian rockets slam into Ukrainian city near nuclear plant Ukraine nuclear workers recount abuse, threats from Russians
(DBN)

Putin Crony Drafts Russian 'Kill List' of Western Officials
(DBN)

U.S. Believes Ukraine Was Behind an Assassination in Russia
(DBN)

Russian launches to space from US, 1st time in 20 years
(DBN)

Putin at 70
(DBN)

____________

China:

China's vast Xinjiang hit with COVID-19 travel restrictions
(DBN)

____________

India:

The Insolvency and Bankruptcy Code (IBC)- where does it stand today?
(DBN)

____________

Mexico:

Mexico's Shadow Bank Collapse Wipes Out $5 Billion for Foreign Bondholders
(DBN)

____________

MENA:

Iranian schoolgirls are removing their hijabs, shouting 'death to the dictator' and raising their middle fingers at the country's leaders Unveiled and Rising Up: How Protests in Iran Cut to the Heart of National Identity
(DBN)

____________

Thailand:

Thai police: More than 30 killed in childcare center attack Dozens Killed, the Majority Children, as Ex-Cop Attacks Pre-School
(DBN)

____________

North Korea:

North Korea launches more missiles as US redeploys carrier
(DBN)

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