September 13, 2022

The Daily Bankruptcy News

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Law:

Is The NYT Jones Day Take-Down Actually A Take-Down?
(DBN)

Lawyer faces charges after video shows him slapping another attorney
(DBN)

Former New York attorney general gets his law license back
(DBN)

An Interview with Thomas Califano, Partner, Restructuring, Sidley Austin LLP
(DBN)

Columbia Admits Submitting Incorrect Data That Goosed Its U.S. News Ranking To #2
(DBN)

Private-Equity Billionaire Robert Smith Will Face Credibility Test at Lawyer's Trial
(DBN)

'We are still stuck with many women leaving the profession early'
(DBN)

'Rife with political risks': Why Garland faces tough calls in considering Trump charges
(DBN)

The only special master candidate Trump and the DOJ can agree on: a 78-year-old judge appointed by Reagan Trump asks judge to reject DOJ's request to continue to review documents seized from Mar-a-Lago Everything Wrong With Judge Cannon's Ruling Trump wants it both ways on 'declassified' documents Latest Round Of Filings In Trump Warrant Case Is Weird AF. Just Like Everything Else About This Case. Trump Fights DOJ Bid to Resume Review of 100 Classified Records Trump opposes DOJ's special master candidates but doesn't say why Trump's lawyers ask judge to block DOJ's request for access to classified records in new filing that experts say is heavy on 'rhetorical outrage' Trump asks judge to block DOJ from viewing classified records seized from Mar-a-Lago Trump says docs labeled 'classified' may not be classified Why Barr is breaking from Trump — and the GOP — over Mar-a-Lago search The Department Of Justice, Mar-A-Lago, And The Wisdom Of Crowds In Footnote, Trump Uses Recent 'Unauthorized Leaks' About Allegedly 'Classified Records' Against DOJ in Special Master Fight Chris Christie: DOJ's chances of succeeding in challenge of special master in Trump case 'pretty good'
(DBN)

But The President Can Classify Or Declassify At Will, Shout Trump's Lawyers, Seemingly Unaware Who Lives At The White House These Days
(DBN)

Jan. 6 panel set to reemerge with eye on Newt Gingrich Pence Defied Subpoenas Too
(DBN)

Justice Dept. Seizes Phones of Top Trump Aides in Jan. 6 Inquiry Justice Dept. Issues 40 Subpoenas in a Week, Expanding Its Jan. 6 Inquiry
(DBN)

Former federal prosecutor says Barr fired him because investigations threatened Trump's reelection chances
(DBN)

GOP senators led by Graham slam Trump Jan. 6 pardon promise
(DBN)

In Atlanta, a Local Prosecutor Takes on Murder, Street Gangs and a President
(DBN)

Why GOP Keeps Failing to Pass Abortion Bans
(DBN)

Fired federal prosecutor: Pressure from Trump, allies 'unprecedented and scary'
(DBN)

Arizona man flags down deputy in the middle of the road, confesses to murder
(DBN)

Actions of Deputy Who Dragged Woman by Her Hair Deemed "Reasonable and Acceptable"
(DBN)

Bus driver in Utah is under investigation for allegedly threatening to shoot students, police say
(DBN)

Montana adopts permanent block on birth certificate changes for trans people
(DBN)

The Supreme Court fight over whether religious schools can discriminate against LGBTQ people
(DBN)

Slap On Wrist For Woman In Bucket List Bust
(DBN)

Drunk Man Films Himself Spiking Marathon Runners' Drinks with Rum
(DBN)

Mom told family she drowned her 3 children at Coney Island beach
(DBN)

UN: 50 million people stuck in modern slavery
(DBN)

Florida high school students facing felony charges for staging fake shooting that set off panic
(DBN)

Vegas Official Accused of Murder Still on Job
(DBN)

Police track AirPods to locate stolen vehicle with baby inside in Philadelphia, authorities say
(DBN)

Texas Youth Prisons: Water Bottles, Lunch Trays for Toilets
(DBN)

Homicides Are Up in Nearly 30 Major U.S. Cities
(DBN)

Woman sues San Francisco after DNA retained in sexual assault case used to arrest her on unrelated charge
(DBN)

The Right Wing Push to Rewrite The Constitution
(DBN)

______________

Judges:

Passing of the Hon. Jo Ann C. Stevenson (Ret.)
(DBN)

BK WD WA: Vacancy Announcement - Term Law Clerk - Tacoma
(DBN)

Sprang a leak: Inside the saga to uncover who spilled Supreme Court's Roe secret
(DBN)

Benched Brooklyn judge's alleged homophobic, racist remarks preceded removal from the bench
(DBN)

Texas woman arrested on charges she made death threats to judge in Mar-a-Lago documents case
(DBN)

Here's who John Roberts should blame for Supreme Court losing 'legitimacy'
(DBN)

Justice Kagan cautions Supreme Court can forfeit legitimacy
(DBN)

Religion and Samuel Alito's time bomb
(DBN)

SCOTUS justices discuss Supreme Court's legitimacy, lengthy path to law license
(DBN)

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Wall Street:

Stock futures rise as Wall Street awaits key inflation report
(DBN)

Goldman Sachs is reportedly bracing for layoffs that will impact employees companywide Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
(DBN)

The Russian military's stunning collapse in eastern Ukraine is injecting optimism into markets, analysts say
(DBN)

Inflation 'collapse' will launch powerful market rally, Credit Suisse predicts
(DBN)

BofA Survey Shows Investors Fleeing Equities en Masse on Fear of Recession
(DBN)

______________

Layoffs:

Commerzbank Explores Closing Over 10% of Branches to Trim Costs
(DBN)

What the high-profile layoffs at Snap, Netflix, and other companies could mean for the economy
(DBN)

Pink Energy Lays Off 500
(DBN)

Rent the Runway to lay off 24% of employees
(DBN)

GM Robotaxis Coming to Phoenix, Austin
(DBN)

______________

Crypto:

Voyager—The Auction to Come
(DBN)

Multi-billion dollar asset manager Stone Ridge files to liquidate bitcoin strategy fund
(DBN)

Hodlnaut Judicial Managers Weigh Unwinding Crypto Lender's Assets Before Ethereum Merge
(DBN)

FTX's Bankman-Fried Says Dollar Rise Is Behind Crypto Decline
(DBN)

Law Decoded, Sept. 5–12: The pressure is growing in the US
(DBN)

____________

Banking:

Citi Can Have Its Half-Billion Dollars Back. Its Reputation, Not So Much.
(DBN)

____________

Politics:

We just had the most productive Congress since the Eisenhower Era — here's what that means for the country
(DBN)

How the US government has become a gerontocracy as the gap between old leaders and young Americans grows wider and wider
(DBN)

37% Believe a New Civil War is Coming
(DBN)

'I'm just not going to leave': New book reveals Trump vowed to stay in White House
(DBN)

Baldwin pushes back on GOP arguments against same-sex marriage legislation
(DBN)

Disney CEO Bob Chapek declares victory in 'Don't Say Gay' controversy
(DBN)

The weirdest campaign in the country is happening in Pennsylvania
(DBN)

Trump backers flood election offices with requests as 2022 vote nears
(DBN)

Man Murdered Wife, Shot Daughter After Being Sucked Down 'Q Rabbit Hole,' Family Confirms
(DBN)

Democrat Hobbs refuses to debate 'conspiracy theorist' Lake in Arizona governor race
(DBN)

Democrats see realistic path to victories in Florida
(DBN)

North Carolina Republicans File Lawsuit Challenging Procedures for Election Observers and Absentee Ballots
(DBN)

'Republicans for Whitmer' launches in Michigan
(DBN)

Harris: 'Probably by design' that attacks on abortion, voting and LGBTQ rights come from same 'sources'
(DBN)

'Sleazy backroom deal': Progressives tangle one more time with Manchin
(DBN)

Our Diminishing Trust in Our Institutions
(DBN)

____________


Economy:

Study finds 500,000 U.S. workers out of labor force due to COVID illness
(DBN)

Four High Frequency Indicators for the Economy
(DBN)

Half of US workers have 'quiet quit' — and managers are to blame, according to a new survey
(DBN)

Online Prices in US Jumped 2.1% in August Led by Surge in Groceries
(DBN)

US consumers expect inflation to fall sharply, survey shows
(DBN)

US Inflation Expectations Dropped in August, New York Fed Says
(DBN)

U.S. Business Sector Average Rating Worst Since 2008
(DBN)

Soft Wages Hinder US Public Sector's Job Recovery, Morgan Stanley Says
(DBN)

Falling gas prices are raising hopes of slowing inflation, NY Fed survey shows
(DBN)

Russian oil exporters are scrambling to buy special ships to sail around Europe once EU sanctions kick in this winter Putin's strategy to weaponize winter Auction To Be Held On Russia Debt Default Insurance European Gas Slumps as Bloc Prepares Details for Intervention German Diesel Drivers, Truckers Hit by Growing Energy Crisis EU Proposes Mandatory Power-Demand Cut and Tax on Profits Russia's Budget Surplus Shrinks as Revenues Slide Germany Plans $68 Billion Loan Guarantees for Energy Firms Another Putin crony dies in mystery plunge after 'falling from boat' in seventh suspicious Kremlin death in months Germany's energy crisis: How will the tourism industry get through the winter? Ukraine's backers say the offensive shows Western aid is 'not for nothing.' Russia Could Collapse in a Few Years
(DBN)

These are the best and worst states for workers: report
(DBN)

US sees 'unprecedented decline' in child poverty: analysis
(DBN)

Social Security Faces Inflation Risks
(DBN)

Unemployment among women with a master's degree - A seasonal puzzle
(DBN)

Charting the Relationship Between Wealth and Happiness, by Country
(DBN)

Corporate Dealmakers Hit by 15% US Tax Threatening Piece of M&A World
(DBN)

Nearly 1,300 New York Times employees pledge not to return to office
(DBN)

Millennials want to live a 'soft life,' and it's changing how they work
(DBN)

Axios-Ipsos poll: Roll credits on the pandemic
(DBN)

The Tectonic Plates of the Global Economy Shift
(DBN)

Here's the Social Security Change Joe Biden Wants That's Most Likely to Happen
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

3rd Cir. Excludes Home from Bankruptcy When Seller in Installment Sale Contract Obtained Possession Pre-Petition
(DBN)

Mortgage Equity Withdrawal Still Strong in Q2; Homeowners now relying on Home Equity lines to extract equity
(DBN)

The world's hottest housing markets are facing a painful reset
(DBN)

Housing September 12th Update: Inventory Decreased 1.0% Last Week
(DBN)

Unfinished houses, open roofs: RJ Construction customers take their claims to bankruptcy court
(DBN)

Regional Bank Heads See More Signs of Mortgage-Business Strain on Rates
(DBN)

Troubled Fones Cliffs property listed for bankruptcy sale
(DBN)

Federal judge approves bankruptcy plan for Majestic Hills
(DBN)

Owner of Bowery Savings Bank Files for Bankruptcy to Avoid Forced Sale
(DBN)

____________

Municipalities:

Disconnected and 'dehumanized': How thousands across Phoenix survive without running water
(DBN)

Henderson water company files bankruptcy as Lake Mead 'straw' runs dry
(DBN)

A decade on, California city's bankruptcy case closed
(DBN)

____________

Oil/Gas:

Global Energy Employment Above Pre-Covid Numbers, O&G Still Lagging
(DBN)

U.S. Gas Prices Have Fallen for 91 Straight Days, Relieving Inflationary Pressure
(DBN)

The Global Fuel Market Will Remain Tight For Years To Come
(DBN)

Permian Oil Production Is Set To Hit A Record High
(DBN)

China's Covid Lockdowns Are The Single Biggest Threat To Oil Markets
(DBN)

Honda to ramp up sales of electric motorcycles to meet carbon target
(DBN)

No buyouts for Chevy dealers who don't want to sell electric vehicles
(DBN)

EVs Won't Overload the Power Grid
(DBN)

____________

Climate:

100 years after compact, Colorado River nearing crisis point
(DBN)

Dozens of drivers trapped by mudslides as heavy rain and flash floods soak California
(DBN)

In photos: A summer of drought and fire
(DBN)

____________

Consumer Finance:

Goldman's Apple Card business has a surprising subprime problem
(DBN)

____________

Retailing:

What about us? Customers question proposed bankruptcy settlement for Home Décor Outlets
(DBN)

____________

Student Debt:

One of the largest student-loan companies could be engaging in 'unconscionable' behavior by encouraging refinancing to federal borrowers, Elizabeth Warren and Ayanna Pressley say
(DBN)

Elizabeth Warren and Ayanna Pressley want to know how 9 student loan companies will avoid causing 'grave harm to borrowers' while implementing Biden's debt cancellation
(DBN)

When to apply for student loan forgiveness — 4 key dates to know
(DBN)

Dems urge Biden to expand student debt relief for parent borrowers
(DBN)

Who benefits most from student loan forgiveness? Economists, investment banks and education experts weigh in
(DBN)

Republican governors call on Biden to withdraw student loan forgiveness plan 'immediately'
(DBN)

____________

Newspapers:

'Wildfire of disinformation': how Chevron exploits a news desert
(DBN)

____________

Labor:

Thousands of nurses at Minnesota hospitals launch strike seeking wage increases of 30% 'Overworked': US nurses strike over low pay, staffing shortages
(DBN)

Large railroad labor unions move closer to a strike Rail-Strike Threat Squeezes Biden Between Unions, Economic Peril Inflation Surge May Come From Railway Strike Coal, Lumber and Food Under Threat by Potential US Rail Strike Biden Reaches Out to Unions, Railroads in Bid to Avert Strike Congress Would Act to Avert a National Rail Strike, Hoyer Says Railroad strike wouldn't be an economic black swan, Goldman Sachs chief economist says
(DBN)

Starbucks Dangles New Savings, Loan Perks for Non-Union Stores
(DBN)

Strike could send coal off the rails
(DBN)

____________

History:

Texas isn't a modern day Wild West. The Wild West had better gun laws.
(DBN)

____________

Healthcare:

Orlando abortion clinic faces bankruptcy, fines for violating 24-hour wait rule
(DBN)

Borrego Health files for chapter 11 bankruptcy, but will keep all clinics open
(DBN)

Covid-19 Is Still Killing Hundreds of Americans Daily
(WSJ)

Russell Brand Tries to Promote Ivermectin, Gets Instantly Fact-Checked by His Own Followers
(DBN)

These 10 states still have COVID emergency orders in place
(DBN)

Concerns about COVID exposure at work steady since last fall: Gallup
(DBN)

Hospitals mark up discounted cancer drugs at much as 11 times, report says
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

Hawaii bankruptcies rise as streak of falling cases ends
(DBN)

Prepare for An Increase in Corporate Restructuring in The US
(DBN)

______________

Avoidance Actions:

Post-Petition Payment for Pre-Petition Delivery of Goods under Section 503(b)(9) Does Not Reduce Creditor's Subsequent New Value Defense to Preference Lawsuit
(DBN)

____________

Solvent Debtors:

Recent Ninth Circuit Decision Regarding Interest on Claims for Unimpaired Credit
(DBN)

____________

Consumer Bankruptcy:

Current Issues in Consumer Bankruptcy Law
(DBN)

____________

Mass Torts:

Infowars Bankruptcy Court to Weigh Requests for Jones Financials Alex Jones' leaked texts reveal the conspiracy theorist used a network of spies against his wife and ex-wife, report says
(DBN)

Second trial set to begin for Infowars' Alex Jones in Sandy Hook hoax case What's at stake in Alex Jones' second Sandy Hook defamation trial
(DBN)

The Legal Fallout From Alex Jones' False Sandy Hook Claims
(DBN)

____________

Conflicts:

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

____________

Aviation:

Holiday airfare will be most expensive in 5 years as pandemic fears wane
(DBN)

Investors buy MD Helicopters, announce new leadership
(DBN)

US Companies Step Up Fall Travel, Shrug Off Economic Uncertainty
(DBN)

Expedia CEO: 'Business travel is back' like I predicted all along during Covid
(DBN)

Biden pledges to improve outdated US airports
(DBN)

Jet Airways not likely to take off by September deadline
(DBN)

Romanian flag carrier Tarom H1 net loss widens 18% y/y, turnover doubles
(DBN)

____________

Autos:

Some of the most popular used cars, including the Toyota RAV4 and Honda CR-V, are now worth up to $6,000 more than if they were brand new
(DBN)

Buying a new car in the U.S. has never been more expensive
(DBN)


____________

Movie Theaters:

AMC Is in a "Very Different Situation" Than Bankrupt Regal? Not So Fast.
(DBN)

Too many seats, not enough movies: Inside the theater industry's next crisis — and what can be done about it
(DBN)

____________

Festivals:

Fyre Festival's Billy McFarland is out of jail early and wants to go into tech — but he'll have his earnings withheld until he pays back $26 million Inside The Prison Life Of Fyre Fest Scammer Billy McFarland
(DBN)

____________

Education:

Teacher shortages are real, but not for the reason you heard
(DBN)

Quantifying an "alarming" teacher shortage
(DBN)

Here are the best-ranked colleges in the US
(DBN)

Top-Ranked US Colleges All Cost More Than $55,000 a Year
(DBN)

California Principal Caught on Video Shoving Autistic Student to the Ground Now Faces Child Abuse Charge
(DBN)

Parents Beg to Differ With Cataclysmic Views of Schools
(DBN)

____________

Apparel:

Rent the Runway Unveils Restructuring Plan as Subscribers Drop
(DBN)

____________

Sovereigns:

China gave tens of billions in secretive 'emergency loans' to vulnerable nations, emerging as world's major creditor and IMF competitor
(DBN)

China Debt Waiver a Fraction of What Africa Owes It, Study Shows
(DBN)

China-funded 'white elephant' tower opening in Sri Lanka as nation struggles with bankruptcy Lazard in talks with China, India, Japan on Sri Lanka debt
(DBN)

____________

UK:

Scotland's First Minister announces rent freezes and a temporary ban on eviction of tenants
(DBN)

British people are ripping out their beloved vintage-style stoves because they are too expensive to run amid the energy crisis
(DBN)

'Feeble bounce back': UK economy grew less than expected in July
(DBN)

Here's why King Charles III will not pay inheritance taxes on a $750 million property
(DBN)

UK invitation for Queen Elizabeth's funeral covers only Biden, first lady Queen Elizabeth II's stoic legacy
(DBN)

People Are Being Arrested in the UK for Protesting Against the Monarchy
(DBN)

Port of Felixstowe Dock Workers Plan New Strike in Threat to UK Trade
(DBN)

UK Deficit Crisis Talk Is Just 'Scaremongering,' Says Barclays
(DBN)

____________

Canada:

Ontario Court of Appeal Addresses Use of Fresh Evidence in Obtaining a Declaration that Judgment Debt Survives Bankruptcy
(DBN)


Canadians are falling deeper into debt: Statistics Canada
(DBN)

Real Estate Holdings Drop by Record $322 Billion in Canada
(DBN)

____________

China:

Stuck in China's covid lockdown, people plead for food, medical care
(DBN)

China's tourism revenue came in at 60% of pre-Covid levels this holiday weekend
(DBN)

Housing market is struggling in China but commercial property is a bright spot
(DBN)

____________

Russia:

Zelensky to Russia: 'Do you still think that you can scare us?' 'Everybody was running away:' Ukrainians in Kharkiv villages describe Russia's retreat Ukraine reclaims more territory, reports capturing many POWs Ukraine's offensive in the east surprised Russia — and it may be a turning point in the war Russian soldiers are dropping their rifles and fleeing in disguise to escape Ukraine's counteroffensive, reports say Fleeing Russian troops left behind so much ammo and weaponry Ukraine struggled to handle it all As Ukraine pursues counteroffensive, Russia strikes Kharkiv Putin ally calls Russian retreat in Ukraine 'astounding' Russia under threat as Ukraine redefines victory Ukrainian Successes Raise Russian Collapse to Realm of Possibility Why Ukraine's successful offensive is such bad news for Vladimir Putin After 200 days of war, the tide has turned in Ukraine's favor Ukrainian surge throws Kremlin propagandists into disarray Putin's Russia struggles for response to Ukrainian blitz Russia's defeats in Ukraine have strategists worried about Moscow's next steps John Bolton says threat of Russia using nuclear weapon 'closer' than before US leaders avoid victory dance in Ukraine combat advances
(DBN)

Russian municipal deputies call for Putin's resignation
(DBN)

'He has flung our country back into the Cold War era': Kremlin officials ask Putin to resign
(DBN)

Prepare for Putin's exit? Not yet.
(DBN)

Losses in Ukraine Prompt Something New on Russian TV: Debate
(DBN)

Kremlin says Putin is aware of the situation on the frontline
(DBN)

____________

Cayman Islands:

Introduction of a New Restructuring Regime in the Cayman Islands
(DBN)

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