September 12, 2022

The Daily Bankruptcy News

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Law:

Biglaw Firms Want Associates Back In The Office -- Will Mandates Work?
(DBN)

How Biglaw Firms Can Think Like A Startup
(DBN)

Kirkland & Ellis partner Steven Serajeddini pulls back the curtain on remarkable turnaround for Talen unsecured bondholders and navigating Intelsat through a challenging restructuring
(DBN)

Do More Years in Practice Mean More Non-Billables?
(DBN)

One Lawyer's Trash Might Be Another Lawyer's Treasure
(DBN)

2 of Puerto Rico's 3 law schools will get more time to meet bar pass standard
(DBN)

Two Pennsylvania law schools now named after Philadelphia tort attorney
(DBN)

Neil Gorsuch Picks A Fight With Law Schools
(DBN)

Harvard Law Review Editors Go On To Do Some Great Things
(DBN)

Latest twists in Murdaugh murders: 'Gets more like a season of 'Ozark' every day'
(DBN)

Judge Refuses to Let Law Professor's Former Brother-in-Law Out of Jail Ahead of Assassination Trial
(DBN)

Judge tosses Trump's Russia probe suit against Clinton, FBI Judge tosses Trump lawsuit against Hillary Clinton, dismisses it as 'manifesto' Top 13 Benchslaps in a Federal Judge's Dismissal of Donald Trump's RICO Lawsuit Against Hillary Clinton
(DBN)

Former Trump White House lawyer Ty Cobb calls him 'deeply wounded narcissist' who acted in 'criminal' way to overturn Biden win Ex-Trump lawyer Ty Cobb says ex-president faces 'very high' chance of indictment
(DBN)

Trump 'Criming in the Harsh Light of Day,' Kirschner Calls for Indictment
(DBN)

Department of Justice Subpoenas Stephen Miller
(DBN)

US, Trump team propose names for arbiter in Mar-a-Lago probe Donald Trump and Justice Department's Special Master Candidates Are in — What to Know About Them U.S. Justice Dept, Trump team deeply divided over special master appointment Trump and DOJ Clash Over Special Master Picks, Process, and Payment Trump wants a special master, but he should be careful what he wishes for Not Mar-a-Lago: Congress' secrets in sealed rooms, lock bags Trump wants to split the cost of the special master with the government but the DOJ wants him to pay for it Did Trump Transfer Documents to Bedminster? Ex-FBI Official Floats Theory Michael Cohen calls on FBI to 'immediately search' Donald Trump's other properties Trump would carry secret records in his jacket pocket, risking them being seen by staffers without clearance, former press secretary says The intel review of documents at Trump's estate
(DBN)

For Trump's Lawyers, Legal Exposure Comes With the Job
(DBN)

Trump Opened Pandora's Prosecutorial Box
(DBN)

Hillary Clinton: DOJ should treat Trump like any other citizen
(DBN)

Trump Tirade Against FBI, DOJ Endangering
(DBN)

Chris Christie Sides with DOJ Over Trump
(DBN)

The Ground Has Shifted from Under Trump
(DBN)

Proud Boys Hawaii leader and friend plead guilty in Jan. 6 riot 'Murder the Media' Duo Pleads Guilty to Felony in Jan. 6 Capitol Attack, Admits to Defacing Memorial Building 16 weeks left for a heap of questions: Jan. 6 panel weighs its endgame House GOP eyes its own Trump-free Jan. 6 inquiry Gohmert Gives Jan. 6 Rioter a US Capitol Flag
(DBN)

Las Vegas reporter was working on another expose. The subject killed him first, authorities say Slain Las Vegas reporter spent career chasing corruption
(DBN)

Supreme Court temporarily blocks ruling that required Jewish university to recognize LGBTQ group
(DBN)

Texas Family Services in Turmoil Over Gender-Affirming Care Probes Transgender 8th grader taken out of class for questioning by Texas child welfare investigator, mom says
(DBN)

Black preacher arrested while watering flowers sues police
(DBN)

In Indiana, a shifting abortion landscape without clinics Michigan Dems hope for boost from abortion ballot initiative Medical Impact of Roe Reversal Goes Well Beyond Abortion Clinics, Doctors Say South Carolina senators reject a near-total abortion ban 'Morning after pill' not always option after rape Why a woman's doctor warned her not to get pregnant in Texas More in GOP Soften Anti-Abortion Stance MI: GOP Judges Don't Want Abortion Votes The GOP is learning just how hard it is to legislate abortion
(DBN)

Defense rests at R. Kelly trial on trial-fixing charges
(DBN)

Sheriff's Deputy in Love Triangle Executed Married Wife and Husband in Their Home While Family Watched: Authorities
(DBN)

California Man Convicted of Murdering Ex-Wife and Her Brother in 2019 Effort to Eradicate His 'Enemies' and Kill 'Everyone'
(DBN)

Federal judge blocks Arizona law limiting filming of police
(DBN)

California beheading victim ID'd; accused killer is her daughter's dad
(DBN)

Family awarded $77M in wrongful death case against addiction treatment center
(DBN)

NYC refusing to release 9/11 records without lawsuit immunity
(DBN)

Testimony: School shooter's home ruled by chaos
(DBN)

Men convicted of Michigan governor kidnapping plot sent private investigator to juror's workplace
(DBN)

After violent arrest goes viral, several victims allege similar abuse from sheriff's deputies
(DBN)

Two deputies killed while serving a warrant in suburban Atlanta
(DBN)

Police Officer Was Shot and Killed When Responding to 'Large Family Disturbance': Cops
(DBN)

The Rich Have Private Policing in St. Louis
(DBN)

DHS Head: Domestic Terrorism Threat Rising
(DBN)

California could give more than a million people with criminal records a fresh start
(DBN)

______________

Judges:

Cruel Seventh Circuit Order Refuses To Reschedule Hearing After Miscarriage
(DBN)

SCOTUS is More Unpopular Than Ever
(DBN)

Trump judges are on a tear
(DBN)

The Ominous Debate Over 'Trump Judges'
(DBN)

Trump's Mar-a-Lago Fight Shows How Much He Reshaped the Courts
(DBN)

Report on Supreme Court abortion leak could come soon, Gorsuch says Neil Gorsuch Unintentionally Proves The Farce Of The Supreme Court Leak Story
(DBN)

John Roberts Decries Attacks on Supreme Court's 'Legitimacy' Roberts pushes back against critics questioning Supreme Court's legitimacy
(DBN)

Trump-appointed Judge's 'Originalist' Claim Is Absurd
(DBN)

Ginni Thomas is closely connected to more than half of the groups that lobbied her husband to overturn Roe v. Wade: report Ginni Thomas' Links to Anti-Abortion Groups
(DBN)

______________

Wall Street:

Dow futures rise as Wall Street looks ahead to key inflation data later this week
(DBN)

Stocks end broadly higher, breaking a 3-week losing streak
(DBN)

______________

Layoffs:

Phone captioning company to cut 164 Tampa workers by November
(DBN)

Beaumont-Spectrum lays off 400 in cost cuts post-merger
(DBN)

Bakersfield Heart Hospital laying off 114 employees
(DBN)

Amazon plans 159 job cuts in health-care business after shuttering telehealth service
(DBN)

______________

Climate:

Climate tipping points study provides clearest warning yet
(DBN)

Tropical Storm Kay breaks heat and rain records across Southern California Heat wave breaks in Southern California with spotty rain California: Drought, record heat, fires and now maybe floods Cooler, Wetter Weather Brings California a Moment of Relief Firefighters battle 11 major California wildfires, including Mosquito and Fairview
(DBN)

California set to be first state with extreme heat warning system under bills signed by Newsom
(DBN)

UN chief asks world for 'massive' help in flood-hit Pakistan 'Never seen climate carnage' like Pakistan floods, says UN chief
(DBN)

As cost of climate change rises, UN urges compensation
(DBN)

What if the Gulf Stream Conveyor System Stopped?
(DBN)

The Good News on the Climate Crisis
(DBN)

Where Are the Hurricanes This Season?
(DBN)

____________


Economy:

U.S. household wealth suffers record drop in second quarter
(DBN)

As small businesses raise prices, some customers push back
(DBN)

Fed's Flow of Funds: Household Net Worth Decreased $6.1 Trillion in Q2
(DBN)

Q3 GDP Tracking: Just Over 1%
(DBN)

Most Americans now say they are feeling the sting of inflation in their finances
(DBN)

The market is still underestimating how hawkish the Fed will be - and it's too soon to worry about going overboard with hikes, says former NY Fed president
(DBN)

Only farms and restaurants are getting a thumbs-up from most Americans right now
(DBN)

The fight against inflation may cause pain. Here's how Americans will feel it
(DBN)

Guaranteed Income Programs Spread, City by City
(DBN)

The 3 worst mistakes bosses make during recessions that lead employees to quit
(DBN)

Americans Spent More on Taxes in 2021 Than on Food, Clothing and Health Care Combined
(DBN)

How a railroad strike could send food prices soaring
(DBN)

'Lehman Event" Looms for EU Over Energy Margin Calls Three ways Russian business leaders can avoid Western sanctions A 'coalition of the drilling' can starve Putin's petrodollars German gas supplier VNG to get government bailout EU Headed for Deep Recession, Deindustrialization Europe's Natural Gas Shortage Could Trigger A Food Crisis Why Europe Won't Exploit Its Huge Gas Reserves Europe warned of bankruptcy if it does not solve the issue of the cost of electricity and gas Moscow court accepts Google's Russian unit's bankruptcy application -agencies
(DBN)

The Unexpected Ways Joe Biden Is Ushering In a New Economic Paradigm
(DBN)

Possibility of railway and port strikes threaten supply chain recovery
(DBN)

AAR: August Rail Carloads Up Year-over-year, Intermodal Down
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The US real estate sector is being transformed by high inflation, rising rates, and the risk of a recession. 2 experts at Goldman Sachs explain how.
(DBN)

SL Green takes control of Park Ave. office tower from bankrupt China firm
(DBN)

Confused about the housing market? Here's what's happening now – and what could happen next
(DBN)

Bank of America's zero down payment mortgage sounds too good to be true. Is it?
(DBN)

Explosion at Colorado apartment building displaces hundreds
(DBN)

____________

Municipalities:

Federal watchdog is probing Jackson, Mississippi, water crisis Water crisis: Murky brown liquid spews from Jackson, Mississippi faucet EPA to Look Into Jackson's Water Crisis Jackson Water Still Not Drinkable
(DBN)

The Drinking Water Crisis Will Grow
(DBN)

Map of Water Crises Across America Now
(DBN)

____________

Oil/Gas:

The energy tragedy was avoidable
(DBN)

Gas prices keep plunging
(DBN)

Yellen: Oil Prices Could Spike in Winter
(DBN)

____________

Transit:

NYC subways record highest daily ridership since start of pandemic
(DBN)

____________

Utilities:

Bankruptcy law lets company keep selling higher-priced electricity
(DBN)

Oregon adopts California tactic and shuts power amid high winds, raging fires
(DBN)

Get ready for blackouts from London to LA, as the global energy crisis overwhelms grids and sends energy prices skyrocketing
(DBN)

____________

Pellets:

SC wood-pellet plant cuts it close in last-ditch bankruptcy sale effort
(DBN)

____________

Fraud:

Elizabeth Holmes Requests New Trial After 'Star Witness' Expresses Regrets
(DBN)

____________

Retailing:

The Key Lesson From Bed Bath & Beyond's Woes: Solve The Right Problem
(DBN)

American Eagle joins list of clothing retailers reporting bleak earnings
(DBN)

____________

Education:

Oberlin College to pay $36 million to bakery owners who said they were falsely accused of racism
(DBN)

Republican Parents Who Criticized 'Systemic Racism' Curriculum and Lost School Board Election Are Suing Connecticut District for Discrimination
(DBN)

Justice Sotomayor Temporarily Lets Yeshiva University Refuse to Recognize LGBTQ Club on Campus Pending Supreme Court Review
(DBN)

____________

Movie Theaters:

UK cinema chains face long wait for cinemagoers to fall back in love
(DBN)

Lenders prop up Cineworld with £680m cash injection
(DBN)

____________

Labor:

UAW Strikes Chrysler Plant in Indiana
(DBN)

15,000 Minnesota nurses set to strike Monday morning
(DBN)

____________

Hotels:

Hotels: Occupancy Rate UP 3.1% Compared to Same Week in 2019
(DBN)

____________

Politics:

Manchin's big energy deal draws pushback from many Dems More than 70 House Democrats join push against Manchin's permitting reform
(DBN)

Two Americas Index: Democracy deniers
(DBN)

What the Truth Social Flop Says About Trump
(DBN)

Debating over debates: Campaign tradition faces skepticism
(DBN)

Gov. Kristi Noem tried to avoid ethics hearing, seal records
(DBN)

Biden on GOP touting projects they didn't back: 'They ain't got no shame'
(DBN)

Donald Trump Backed Failed Coup to Remove Jared Kushner: Navarro
(DBN)

Ted Cruz: Republicans are "lying" or "idiotic" if they dismiss Trump for 2024
(DBN)

Anti-MAGA ad intended to get a rise out of Trump gets a rise out of Trump
(DBN)

Rep. Jayapal: Rising threats against Congress linked to Trump rhetoric
(DBN)

Bannon is not finished: his 'precinct strategy' could alter US elections for years
(DBN)

Fighting bogus claims a growing priority in election offices
(DBN)

GOP hopefuls for election posts see enemies within own party
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Trends in Large Corporate Bankruptcy and Financial Distress
(DBN)

Large Corporate Bankruptcy Filings Continue to Decrease through First Half of 2022
(DBN)

______________

PACA:

In Case of First Impression 11th Circuit Holds Debt of PACA Trustee Not Excepted From Discharge Pursuant to 11 U.S.C. §523(a)(4).
(DBN)

____________

Solvent Debtors:

The Ongoing Solvent Debtor Debate: Divided Ninth Circuit Panel Holds that PG&E Creditors Are Entitled to Contract Rate of Interest
(DBN)

____________

Conflicts:

White & Case Lawyer Conflict Screen Cleared by Appeals Court
(DBN)

____________

Mass Torts:

3M unit's bankruptcy could put U.S. mass tort system on trial
(DBN)

Trial set to begin for Alex Jones in Sandy Hook hoax case Alex Jones Sandy Hook defamation damages trial in Connecticut: 5 things to know Alex Jones Sandy Hook trial in CT promises to be a 'cultural moment'
(DBN)

Johnson & Johnson and a New War on Consumer Protection
(DBN)

____________

Aviation:

Analysts warn airlines face bleak winter after end of Government support, a summer of cancellations and rising costs
(DBN)

Apollo Cleared to Lend $700 Million to Bankrupt Airline SAS in 'Unusual' Deal
(DBN)

New York woman sentenced to prison over altercation aboard plane
(DBN)

Nurse saves baby who stopped breathing on Spirit Airlines flight to Florida
(DBN)

____________

Religion:

Utah rep. told Mormon bishop not to report abuse, docs show
(DBN)

____________

Agribusiness:

The Olive Oil Capital of the World, Parched
(DBN)

____________

Crypto:

Crypto Contagion
(DBN)

Bill Murray raised nearly $200,000 of crypto for charity—then a hacker stole it
(DBN)

'Go to jail:' Community roasts Celsius-themed Monopoly board game
(DBN)

Stressed Miners Strategize to Survive Crypto Downturn
(DBN)

States' Probe of Celsius Network Alleges 'Massive Losses' as Far Back as 2021
(DBN)

____________

Healthcare:

Eagle Senior Living emerges from bankruptcy
(DBN)

US life expectancy is in freefall — we can't keep blaming COVID
(DBN)

The 10 most polluted states in the US
(DBN)

Why a Texas health care ruling could have dire impacts on affordability of care
(DBN)

A health care program for 9/11 survivors and first responders is running short of money
(DBN)

US Health Care System Given Failing Grade
(DBN)

____________

Sovereigns:

Lebanon's bid for IMF deal hits snags
(DBN)

China's waiver of African interest-free loans worth 1% or less of its lending to continent-study
(DBN)

Sri Lanka's creditors, including China must cooperate in debt restructuring process: USAID Administrator
(DBN)

____________

UK:

Teary-eyed King Charles III waves to crowds shouting 'God save the king' Queen's Death Leaves U.K. Grappling With Its Sense of National Identity Charles III is formally proclaimed king Queen Elizabeth II remembered, King Charles III sometimes welcomed and sometimes not Buckingham Palace announces arrangements for Queen Elizabeth's funeral Just now1h ago Queen's coffin to make multiple stops ahead of state funeral King Charles now rules a monarchy that may have to change to survive Stepping up: Next generation of royals to see more scrutiny Meghan Markle and Prince Harry join William and Kate to mourn Queen after Wills extends olive branch by inviting brother Prince Harry and Meghan tread delicate path after queen's death King Charles III furiously gesturing aides to clear desk goes viral King Charles III, in first address, vows 'lifelong service' Photos: Seven decades of Queen Elizabeth II's reign 'Thank you, ma'am': A singular queen, mourned by her people UK watches to see if king departs from mother's traditions 'A servant queen': World pays tribute to Queen Elizabeth II The changes King Charles III has in mind for the royal family Ukraine War Shows Russian Military Not as Capable as Thought: Pentagon Tucker Carlson's Queen Elizabeth tirade is pitch-perfect colonial whitewashing Queen Elizabeth's death revives criticism of Britain's legacy of colonialism 'The most remarkable person': Women leaders laud queen's example Charles to address Parliament for first time as king Queen Was Enduring Symbol of Failing Empire
(DBN)

____________

EU:

Shock waves hit the global economy, posing grave risk to Europe
(DBN)

____________

Russia:

Russia 'regroups' troops in east as Ukraine advances How Ukraine Gained Momentum Against Russia and Took a Critical Hub Russian Inaction 'Helping' Ukraine's 'Brilliant' Maneuver: Retired General Russian forces in full retreat from Kharkiv as Ukraine seeks to turn tide of war Russia Retreats 'Taken by Surprise' Ukraine claws back some territory; nuclear plant in peril Nighttime rocket strikes spread fear in east Ukrainian city The Ukraine War's Decisive Season Ukraine keeps initiative, claims it reached Russian border Russia hits power stations after Ukraine counteroffensive Last reactor at Ukraine's Zaporizhzhia nuclear plant stopped
(DBN)

'Fully-Fledged Revolt' Against Putin Is Near, Russian Anarchists Say Local Russian lawmakers called for Putin's removal from power over the war in Ukraine, and then the police went after them
(DBN)

Putin's problems aren't just on the battlefield
(DBN)

Zelensky: Impossible Trump Didn't Know Putin
(DBN)

____________

Sweden:

Surge in gang violence threatens to unseat Sweden's Left-wing government Sweden's Far Right is Now 2nd Largest Party
(DBN)

____________

Germany:

Germany to loosen insolvency rules as energy crisis hits hard
(DBN)

____________

Brazil:

Arbitrators shall decide on whether or not the arbitration clause is valid in case of bankruptcy of a party
(DBN)

____________

France:

Economic uncertainty causes hike in voluntary business closures in France
(DBN)

____________

India:

Supreme Court Holds Tax Authorities to be Secured Creditors: Quandary Revived
(DBN)

Threat calls to employees, stranded students, helpless parents: A bitter lesson in Lido Learning's bankruptcy
(DBN)

____________

China:

China Evergrande lenders appoint receiver to seize Hong Kong headquarters - sources
(DBN)

Chinese Banks Lose a Mortgage Safety Net as Developers Slide Into Distress
(WSJ)

____________

Switzerland:

The wave of bankruptcy continues unabated in Switzerland
(DBN)

____________


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