September 2, 2022

The Daily Bankruptcy News

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Due to the Labor Day holiday, The Daily Bankruptcy News will not publish on Monday, September 5, 2022



Law:

Biglaw Firms Think They're Paying Associates Enough Money To Deal With Toxic Partners
(DBN)

Meet M. Evan Corcoran, a former BigLaw partner who now represents Trump
(DBN)

Top St. Louis prosecutor is reprimanded for discovery missteps, misstatements in then-governor's prosecution
(DBN)

From 'Are We Having Fun Yet?' To 'Are We There Yet?'
(DBN)

Common Mistakes Made By New In-House Counsel
(DBN)

Biglaw Partners Need To Remember Their Humanity When Conducting Interviews
(DBN)

Law School For Non-Lawyers Rests On Knife's Edge Between 'Good Idea' And 'Cynical Cash Grab'
(DBN)

Jan. 6 Rioter Pleads Guilty to Assaulting Police With Chemicals NYPD veteran sentenced to 10 years in prison for assaulting officer on Jan. 6 New York cop who assaulted officer at Capitol gets harshest Jan. 6 sentence to date Jan. 6 rioter pleads guilty to assaulting Capitol Police officer Brian Sicknick Oath Keepers Lawyer Arrested on Jan. 6 Conspiracy Charge Oath Keepers' Lawyer and Acting President Charged with Conspiring to Obstruct an Official Proceeding, Document Tampering and More Feds Arrest Oath Keeper Lawyer Who Cited 'Lord of the Rings' Trump-aligned Pa. governor nominee Mastriano sues Jan. 6 committee Trump tells Wendy Bell he's 'financially supporting' Jan. 6 rioters Trump vows pardons, government apology to Capitol rioters if elected Lawyers in Trump White House to appear before 1/6 grand jury Newt Gingrich Pushed Election Fraud Ads to 'Arouse Anger': Jan. 6 Committee Pa. State Senator Behind Efforts to Overturn 2020 Election Fights Jan. 6 Committee Deposition in Federal Court, Sues Speaker Pelosi
(DBN)

Federal judge hears arguments over special master in Trump documents case Trump's 'Special Master' Bid Drags On as Judge Puts Off Ruling Federal judge puts off ruling on Trump's request for a special master but elects to unseal additional records related to Mar-a-Lago search Judge considers temporary limit on DOJ access to Trump documents Judge Keeps Door Open to Special Master in Trump Documents Inquiry Donald Trump's Arguments Are Insane. But That Might Not Matter To One Florida Judge. Judge Refuses to Immediately Rule on Trump's Request for Special Master Review of Docs Seized at Mar-a-Lago — What to Know 'This is crazy!' Democratic lawmakers fear 'erratic and strange' Trump will blurt out top-secret intel in fit of rage 'That's the ball game': Former prosecutor shoots down Trump's latest claim of executive privilege Trump Attorneys Claim Documents Seized During 'Unprecedented, Unnecessary, and Legally Unsupported' Mar-a-Lago Search Are 'Subject to Return' Republicans notably silent, split as Trump probe deepens Former federal prosecutor compares Mar-a-Lago probe to narcotics case, saying it doesn't matter if docs were declassified as keeping them is still illegal Trump team files new court papers in Mar-a-Lago lawsuit that experts say are 'long on hyperbole and short on law' Trump's Clumsy Record-Keeping, Torn Papers Fueled Worry of Missing Documents Trump's Legal Jab Left Him Open to Justice Dept. Strike
(DBN)

Trump, accounting firm agree to give financial records to House Oversight Committee to end lawsuit
(DBN)

'Kraken' Lawyers, Already Sanctioned and Referred for Possible Discipline, Now Hit with Ethics Complaints
(DBN)

Man Who Bragged on TV About Ordering Wisconsin Assembly Speaker's and Local Mayor's Ballots to 'Test' Election 'Vulnerability' Now Faces Felonies
(DBN)

Trump-Appointed Judge Dismisses Carter Page Lawsuit Against the FBI Despite Finding 'Little Question' Agency Engaged in 'Wrongdoing'
(DBN)

Trump Has a New Sucker to Pay for His Latest Legal Bills
(DBN)

Federal judge orders Lindsey Graham to testify to Georgia grand jury, but limits scope of questioning Lindsey Graham Again Ordered to Testify in Georgia's Trump Vote Probe
(DBN)

Michael Avenatti Seeks Sentencing Delay for Defrauding Clients, Citing Prison COVID Lockdown
(DBN)

Judge tosses suit by Yale psych prof fired over diagnosis of Trump and Dershowitz
(DBN)

Kansas Teacher Punished for Refusing to Use a Student's Preferred Pronouns Wins Cash Settlement
(DBN)

Citing 'Church-Autonomy Doctrine,' Indiana Supreme Court Sides with Catholic Authority in Firing of Gay Teacher
(DBN)

Former Idaho lawmaker Aaron von Ehlinger sentenced to 20 years in prison Former GOP Lawmaker Sentenced to Prison for Raping Legislative Intern After Annoying Judge with Story About Confessing 'a Lot of Sins'
(DBN)

Tech tool offers police 'mass surveillance on a budget'
(DBN)

Gosar Ordered to Pay $75K in Legal Fees
(DBN)

Unnamed Public CEO Was the Victim of Catfishing Scheme, Federal Prosecutors Say
(DBN)

'I Was Lied to': A Nightmare Trip on TX Guv's Bus Sideshow Texas Gov. Greg Abbott plans to bus migrants to more sanctuary cities across America
(DBN)

TX: DACA Recipients Prepare for the End
(DBN)

Michigan high court asked to OK ballot question on abortion The New Abortion Prohibition Era A pregnant Texas woman who claimed her unborn baby counts as a passenger in the HOV lane is ticketed again Poll: Most Texans Support Full Abortion Rights The Next Step in the Anti-Abortion Playbook Is Becoming Clear
(DBN)

Lawyer Rips 'Barbaric Killing' of Unarmed Black Man in Columbus Cop Kills Unarmed Black Man Seconds After Opening His Bedroom Door
(DBN)

Cleveland overhauls police training after antisemitic posts
(DBN)

His Murder Case Dragged On for 20 Years. Thousands Could Be Released Because of It.
(DBN)

Judge: Jury can see swastikas school shooter drew in class
(DBN)

'I'm a bad kid. I want to kill!' Parkland gunman's teacher says she kept his records in case they'd be needed in future
(DBN)

Ring Doorbell Video Shows Ex-Girlfriend's Father Shooting, Killing Man Who Broke Down Front Door. A Grand Jury Declined to Indict.
(DBN)

AP-NORC poll: 2 in 10 report experience with gun violence
(DBN)

Vegan Mom Gets Life in Prison After Malnutrition Death of Boy Who Ate Only Raw Fruit, Vegetables and Breast Milk
(DBN)

______________

Judges:

Revealed: Ginni Thomas urged legislators in Arizona and Wisconsin to overturn Biden's election win
(DBN)

As Justice Alito steps out from the shadows, some see a more aggressive persona emerge
(DBN)

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Wall Street:

Stock futures are flat ahead of key August jobs report
(DBN)

Stocks end mixed on Wall Street, S&P 500 ekes out a gain Stocks slip for a fifth-straight day with jobs report looming.
(DBN)

BofA Sees Cracks Finally Forming in Traders' S&P 500 Bearishness
(DBN)

Stock Market's Worst Month Gets Even More Dicey With Hawkish Fed
(DBN)

GameStop meme stock movie 'Dumb Money' in the works with Seth Rogen, Pete Davidson
(DBN)

______________

Layoffs:

Credit Suisse Considers Cutting 4,000 Jobs, Handelsblatt Says
(DBN)

3M Plans Job Cuts as Part of a Broader Cost-Cutting Initiative
(DBN)

Robot that stocks drinks is newest thing at the corner store
(DBN)

______________

Distressed Investing:

Distressed-debt investors are preparing to pounce
(DBN)

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Celebs:

'RHOBH' Star Erika Jayne's Husband Tom Girardi & His 'Cohorts' Accused Of Stealing $14 Million+ From Clients
(DBN)

____________

Education:

National test scores fall to lowest levels in decades
(DBN)

Parents Fume After Racist Video Roils Alabama High—Again
(DBN)

____________

Politics:

Biden: Trumpism Menaces Democracy
(DBN)

American policy is splitting, state by state, into two blocs
(DBN)

Scott Lashes Out at McConnell in Sign of Dimming Republican Hopes for Senate
(DBN)

'Where's J.D.?:' Vance's Ohio Senate campaign prompts GOP concerns
(DBN)

GOP's midterm fear: Referendum on Trump
(DBN)

GOP candidates mask rigid abortion stances after Roe ruling
(DBN)

Cook Report: GOP control of the House no longer "foregone conclusion"
(DBN)

Trump Megadonor Adelson's Republican Spending Spree Is Ending
(DBN)

Stacey Abrams Mops The Floor With Brian Kemp On Voting Rights
(DBN)

New PAC forms to target anti-LGBTQ candidates
(DBN)

DeSantis' Voter Fraud Arrests Are Already Falling Apart
(DBN)

No more 'nuance': Democrats slam GOP abortion-rights backers
(DBN)

Peltola beats Palin, wins Alaska House special election 'Really?!' Bewildered Sarah Palin implodes after losing congressional race to a Democrat
(DBN)

Trump Allies Back Mass Challenge to Voter Eligibility in Georgia
(DBN)

Biden to Amp Up Jabs at GOP's 'MAGA' Wing as Threat to Democracy
(DBN)

Miriam Adelson Is No Sheldon, Leaving Republicans Short of Cash
(DBN)

____________


Economy:

US Manufacturing Growth Holds Steady, Inflation Pressures Ease ISM® Manufacturing index Unchanged at 52.8% in August
(DBN)

What Will the Jobs Report Show? Six Wall Street Traders Try to Predict the Future
(DBN)

August Employment Preview
(DBN)

US Jobs Data Have Potential to Push Fed Toward Third Jumbo Hike Critical August jobs report expected to run hot and that could lead to a more aggressive Fed Fed is hoping August hiring report will show slowdown
(DBN)

Weekly Initial Unemployment Claims decrease to 232,000 US Jobless Claims Decline for a Third Week to a Two-Month Low
(DBN)

'Big Short' investor Michael Burry warned the biggest market bubble in history would end with the 'mother of all crashes.' He just hinted the collapse is now underway Michael 'Big Short' Burry Makes Another Dire Prediction
(DBN)

'Prepare for an epic finale': Jeremy Grantham warns 'tragedy' looms as 'superbubble' may burst
(DBN)

The worst states for workers have something in common: They're all in the South
(DBN)

EU Sees Limits in What Power-Price Intervention Can Achieve Germany Says Can't Rely on Russian Gas Deliveries This Winter Shell Walks Away From Major Russian LNG Project With Nothing Europe Gas Falls Further on Easing Demand and Higher Stockpiles Should Russian tourists be held responsible for Putin's war? A Price Cap On Russian Oil—Good in Theory, Hard in Practice Yellen warns of failure to agree on Russia oil price cap US agents search properties linked to Russian oligarch German gasoline, transport prices jump as subsidies expire Russia Gas Flows Look Set to Resume on Nord Stream After Works
(DBN)

Scotiabank Wants More Workers to Spend Time in Office This Fall
(DBN)

Jefferies Tells Staff to Come Back to Office on Consistent Basis
(DBN)

Female Managers Make Fairer Pay Decisions Than Male Counterparts
(DBN)

Risk of civil unrest surging in more than half of the world's countries, analysis says
(DBN)

California passes law requiring companies to reveal pay by race, gender
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

US Mortgage Rates Rise, Hitting Highest Level Since End of June Mortgage rates rise to 5.66%, weighing on housing market
(DBN)

University Housing Bankruptcies Show Rare Misfires in Hot Market
(DBN)

Active vs Total Existing Home Inventory
(DBN)

Construction Spending Decreased 0.4% in July
(DBN)

Bank of America to help minorities buy homes with zero down payment mortgages Bank of America just launched a zero down payment mortgage in 21 cities that could make it much cheaper and easier to buy a home
(DBN)

Is homeownership harder for Black Americans to achieve?
(DBN)

A Solar Firm Plans to Build Off-Grid Neighborhoods in California
(DBN)

Banksy mural, and the Los Angeles building he painted it on, head to auction
(DBN)

Revlon released from 200 Park Avenue South leases
(DBN)

____________

Municipalities:

Mississippi water crisis: 'Huge mountain to climb' Jackson sees some improvement in its damaged water system Mississippi capital's water disaster developed over decades
(DBN)

PREPA mediators ask for more time
(DBN)

Puerto Rico HTA restructuring deadline extended
(DBN)

____________

Oil/Gas:

More States May Follow Calif. EV Lead
(DBN)

VW to Speed Up Transition to Electric Cars
(DBN)

____________

Student Debt:

It's a 'severe problem' that student-loan borrowers are still facing roadblocks getting rid of their debt through bankruptcy, Elizabeth Warren says
(DBN)

GOP may challenge student loan forgiveness. Borrowers face 'uncertainty,' says Harvard lawyer
(DBN)

Biden's Student Loan Plan Could Face a Protracted Legal Fight
(DBN)

After blasting Biden's student-loan forgiveness, Ted Cruz says it 'may prove a real challenge' to fight the relief in court
(DBN)

A GOP group against student-debt cancellation is looking for someone with 'the standing and the gumption' to sue Biden over his forgiveness plan
(DBN)

Ronald Reagan stuck it to millennials: A college debt history lesson no one tells
(DBN)

Student loan forgiveness will wipe out debt for one-third of borrowers: BofA
(DBN)

____________

Climate:

Forests in US West, Canada, Parts of Amazon Face Higher Climate Risk
(DBN)

'Greenwashing': Tree-Planting Schemes Are Just Creating Tree Cemeteries
(DBN)

TX: 125 Degree Heat Index Likely in 30 Years
(DBN)

U.S. is seriously underestimating the consequences of CO2 - study
(DBN)

Extreme heat begins pummeling California as crews battle wildfires California heat wave sparks fears of power outages, fires
(DBN)

A short guide to understanding heat domes.
(DBN)

Flood losses to insured property are jumping drastically
(DBN)

'Outbursts' from Pakistan's melting glaciers have tripled this year and are worsening floods
(DBN)

England's Scorching Summer Ties 2018's as Hottest on Record
(DBN)

Heat dome roasts the West, with brutal record-breaking temperatures
(DBN)

Ocean heat reached all-time high in 2021, report finds
(DBN)

Why beavers matter as the planet heats up
(DBN)

Carbon should cost 3.6 times more than US price, study says
(DBN)

Hawaii quits coal in bid to fight climate change
(DBN)

Nuclear Power Could Cut Global Emissions By Half
(DBN)

____________

Crypto:

Bankrupt Celsius Seeks to Return $50 Million of Locked Crypto
(DBN)

Celsius' Third Bankruptcy Hearing Yields Little in the Way of Customer Relief
(DBN)

Bankrupt Celsius seeks to return US$50m of locked crypto
(DBN)

Creditors file fresh suit against Celsius seeking $22.5M reimbursement
(DBN)

Bitcoin dips below US$20,000 for a sixth session as 'fear' sets in
(DBN)

Crypto Leaks Video Leads Tether to Seek Roche Firm Removal
(DBN)

Phenomenon: Coins from bankrupt crypto firms top market gains
(DBN)

Crypto platform sues woman after accidentally sending her $7.1 million
(DBN)

Defunct Crypto Exchange Mt. Gox to Set Creditor Repayment Date 'in Due Course'
(DBN)

____________

Fraud:

Elizabeth Holmes Makes Improbable Request to Toss Her Conviction Judge declines to overturn Elizabeth Holmes guilty verdict
(DBN)

____________

Retailing:

Bed Bath & Beyond Pushes Fragile Market With Share Sale Plan
(DBN)

Bed Bath & Beyond Bankruptcy
(DBN)

Will Bed Bath & Beyond's new turnaround plan work any better than the previous one?
(DBN)

Sears Holdings $175M settlement with Lampert has court approval
(DBN)

Retailers take expensive measures to clear inventory ahead of peak season
(DBN)

What Walmart and Target's performance told us about retail for the rest of 2022
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Bankruptcy Filings Increase Across All Chapters in August 2022
(DBN)

For another month, NH bankruptcy filings remain at near-record low levels
(DBN)

______________

Bankruptcy Alternatives:

The Common Law Of ABCs Is Effective: And Statutory Limitations On ABCs Are Bad Policy
(DBN)

____________

PACA:

Produce delivery debts not exempted from bankruptcy discharge - 11th Circuit
(DBN)

____________

Mass Torts:

What's Behind the Pileup of Sex Abuse Scandals?
(DBN)

Veterans Seeking Earplug Damages Sue To Block 3M Healthcare Spinoff
(DBN)

Boy Scouts nears court approval of $2.3 billion bankruptcy settlement
(DBN)

Alex Jones-Tied Company Seeks Probe of Infowars Parent's Finances
(DBN)

____________

Corporate Governance:

What Del. Justices' Insolvency Ruling Means For Corps.
(DBN)

____________

Interest:

Ninth Circuit Holds Unimpaired Unsecured Creditors Entitled to Post-Bankruptcy Interest on Claims at Contractual Default Rate
(DBN)

____________

Aviation:

Why pilots are picketing at airports before Labor Day weekend
(DBN)

American Airlines is cutting 14,000 flights in December with more to come. Here's why.
(DBN)

Creditors accept THAI's revised rehab plan
(DBN)

____________

Food/Beverage:

Americans have 'tip fatigue' — post-pandemic, diners are less inclined to tip generously for takeout
(DBN)

____________

Entertainment:

Comcast Looks to Cut Up to $1 Billion From Budgets at Its TV Networks
(DBN)

____________

Labor:

US Union Chief Says Starbucks Tactics Show Labor Reform Is Needed
(DBN)

Starbucks Workers Winning Union Fight on TikTok
(DBN)

California fast-food bill marks pivotal moment for low-wage workers
(DBN)

Minnesota nurses to strike as they demand better work conditions
(DBN)

Minor league unionization getting interest from players
(DBN)

____________

Autos:

Vehicles Sales Decreased to 13.18 million SAAR in August
(DBN)

Steel Price Hikes to Impact Japan's Manufacturers as Costs Surge
(DBN)

Biden's long game for American-made electric vehicles
(DBN)

Polestar Slides to New Low as EV Maker's Operating Loss Widens
(DBN)

____________

Religion:

'I Don't Even Go to Church Anymore': Victims Describe Devastation as Judge Sentences Prison Chaplain for Sexual Assault
(DBN)

____________

Printing:

Gardners admin report reveals large sums owed to creditors
(DBN)

____________

Healthcare:

Atlanta hospital announces closure, drawing mayor's ire
(DBN)

Financially troubled Mississippi hospital announces clinic closures, layoffs
(DBN)

Michigan Hospital Just Wants The Court To Respect Their Right To Not Treat Jesus' Children For Jesus' Sake
(DBN)

Updated Booster Shots Expected Within Days as C.D.C. Panel Signs Off
(DBN)

U.S. health officials brace for another fall Covid surge, but with fewer deaths
(DBN)

White House Warns of Pandemics Worse Than Covid as Health Overhauls Begin
(DBN)

Ultra-processed foods linked to increased risk of cancer and early death, studies find
(DBN)

____________

Sovereigns:

'Amazing' IMF Win Turns Zambia's Currency Into World-Beater Zambia debt relief to mix haircuts, maturity extensions
(DBN)

Sri Lanka Reaches Staff-Level IMF Pact for $2.9 Billion Loan Japan Calls For Creditor Nations' Talks On Sri Lanka Debt Restructuring Political instability will pose risks to implement reforms, and distribution of IMF funding Issues of creditor equitability, transparency important: India on Lanka IMF loan
(DBN)

____________

UK:

Latest Threat to the UK's Economy Is Its Crumbling Currency
(DBN)

Once Unthinkable, Parity for Sterling Is on the Horizon
(DBN)

Summer holidays delay resolution of Blue Line's UK smoked salmon insolvency
(DBN)

Mortgage Shock Comes for UK Homebuyers After Pandemic Tax Break
(DBN)

____________

EU:

Preventive Restructuring Regulations 2022
(DBN)

EU Will Propose Crisis Tool for Supply Chain Emergencies
(DBN)

Prepare for Jumbo ECB Hikes in Each of Next Two Meetings, Citi Says
(DBN)

Cost of living crisis set to prompt social unrest across Europe, poll finds
(DBN)

____________

Ireland:

Firms facing rising costs, crippling fines and bankruptcy: Inside the housing executive crisis
(DBN)

____________

Canada:

Cineplex's Fate Hangs by a Thread as Cineworld Considers Bankruptcy
(DBN)

____________

Russia:

Ukraine retaking territory from Russians in the south, but at a heavy cost US: Russian military facing 'severe manpower shortages'
(DBN)

New findings expose machinery of Russia's 'filtration' of Ukrainians
(DBN)

IAEA Pushing Ahead Through Line of Fire to War-Struck Nuke Plant US Demands 'Unfettered Access' for IAEA at Ukraine Nuclear Plant UN team 'not going anywhere' after visiting Ukraine nuclear plant
(DBN)

EU Set to Unveil $5 Billion Package for Ukraine Next Week
(DBN)

____________

China:

U.S. restricts chip sales to China
(DBN)

China Economy Is Weakening
(DBN)

____________

Poland:

Poland Seeks Nazi Wartime Damages Over $1.3 Trillion in Losses
(DBN)

____________

MENA:

Why Iraq could be approaching another civil war, explained by an expert
(DBN)

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