September 22, 2022

The Daily Bankruptcy News

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Law:

The Inside Story of the Law Firm That Became Donald Trump's Legal Kingdom — and the Horse He Reportedly Tried to Use for Payment
(DBN)

Fish & Richardson cuts litigation secretary positions; consultant warns of 'dying profession'
(DBN)

California bill signed into law restricts state bar sandbox proposals
(DBN)

In-house lawyer will be eligible for parole at 81 after conviction for fatal car collision
(DBN)

Torn Between Wanting To Save The Environment And Getting That Cool Esquire Honorific? Fear Not, Learned Green Thumb.
(DBN)

Ron DeSantis Accused Of Abusing Federal Funds And Jonathan Turley Is Right There To Offer Argle-Bargle Analysis
(DBN)

Are We Drifting Back to the America of the Articles of Confederation?
(DBN)

Civil rights group files first lawsuit against DeSantis over 'illegal' migrant flights Florida officials made fake 'official-looking' brochure advertising refugee benefits for migrants, lawsuit against Ron DeSantis says Suit filed on behalf of migrants flown to Martha's Vineyard alleges these constitutional, legal violations DeSantis' office hits back after class action suit from migrants, reveals 'consent form' they allegedly signed California's Newsom "Can't Stand" DeSantis and His Migrant Flights What you need to know about the complex legal challenges to Ron DeSantis's migrant flights Dem strongholds beg the White House for help with migrants
(DBN)

The first special master hearing began with chaos as callers left unmuted sang America the Beautiful and told each other to shut up over garbled white noise Trump: Presidents can declassify documents "even by thinking about it" Mar-a-Lago probe gives Trump plenty of headaches … and political benefits, too Fearing Violations 'Inadvertently or Otherwise,' DOJ Wants to Force Trump Lawyers and Staffers to Sign Secrecy Agreements Before Viewing Mar-a-Lago Docs Court lifts hold on Mar-a-Lago records Federal appeals court grants DOJ classified records request in Trump case Trump suffers setback as appeals panel rejects Cannon ruling
(DBN)

DOJ Seized Mike Lindell's Phone to Search for Evidence of Identity Theft and Computer Crimes, Warrant Reveals
(DBN)

'He's done': how Donald Trump's legal woes have just gotten a lot worse
(DBN)

To Charge Or Not To Charge Trump? Garland Has Nothing But Hard Choices
(DBN)

'He knows how to play the victim card perfectly': Why Trump's legal woes only make him stronger
(DBN)

New York AG refers Trump family to federal prosecutors and IRS 'Staggering' fraud: NY AG Letitia James sues Donald Trump, kids and company Trump Loses It Over New York Lawsuit, Calls Letitia James 'Racist' Key takeaways from New York AG's lawsuit against Trump Trump inflated net worth by billions to get favorable loans, obtaining $250M in benefits, NY attorney general says Exaggerations, overvaluations and out-and-out lies: the 6 most egregious examples of Donald Trump's alleged inflation of his wealth New York AG sues Trump, 3 of his children and their company, charging large-scale business fraud NY AG Letitia James says Mar-a-Lago was valued as high as $739M when it should've been at $75M. These Are the Trump Properties at the Center of New York's Fraud Lawsuit A Peek Inside the Trump Real Estate Empire Read the New York attorney general's lawsuit against Trump, family members, company Inflated Net Worth by Billions? Letitia James Files Massive Fraud Lawsuit Asking Judge to 'Permanently' Bar Trump and His Children from Serving as Officer or Director in 'Any New York Corporation' Trump attorney: 'We look forward' to defending against New York fraud claims Trump Insiders Expect Civil Suit From New York Attorney General How Letitia James' lawsuit could break Trump's spirit New York's lawsuit against Trump is different from his other legal troubles: It's personal Michael Cohen says New York investigation will 'ultimately terminate' the Trump Organization: 'This is going to put an end to the entire company' Tish James just sued Trump — but they've been at it for years 5 juiciest takeaways from the Tish James lawsuit against Donald Trump Financial fraud charges against Trump puts light on abusive tax scheme
(DBN)

House passes Jan. 6 election reform bill Just 9 House Republicans broke ranks to vote for a bill from Liz Cheney and House Democrats that aims to prevent another January 6. All of them are retiring.
(DBN)

Mitch McConnell called Trump 'crazy' after Capitol attack, new book says Capitol Police Officer Eugene Goodman offers new Jan. 6 details at trial of QAnon believer
(DBN)

Mike Lindell says vendors are bailing on his MyStore platform because they don't want to be associated with an FBI investigation
(DBN)

Antifa on trial: How one criminal case could redefine the murky left-wing movement
(DBN)

Former Minneapolis Cop Sentenced to Prison for His Role in George Floyd's Death
(DBN)

NYC man stabbed to death in clash with man who didn't say 'thank you'
(DBN)

Woman Derided as 'Central Park Karen' Loses Suit Over Firing
(DBN)

Indiana suspect captured after hourslong search in sewers, where officials found scythe and machete
(DBN)

How (and Why) the FBI Mysteriously Shut Down a Federal Solar Observatory
(DBN)

Texas Judge Reduces Multi-Billion Dollar Verdict, But Charter Spectrum Must Still Pay Up for Cable Installer's Murder of Elderly Woman
(DBN)

Woman says Memphis police failed to investigate her rape. The suspect is now charged in Eliza Fletcher's murder.
(DBN)

Trump Ally Tom Barrack Mocks US Foreign-Agent Case as 'Nonsense' Trump ally Tom Barrack used access to White House to help foreign government, prosecutor says
(DBN)

The Christian nationalist boot camp pushing anti-trans laws across America
(DBN)

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Judges:

BK ED WA: Vacancy Announcement – Judicial Law Clerk
(DBN)

Supreme Court to consider New York's vaccine mandate
(DBN)

Superior Court judge injured in confrontation outside judicial complex, man charged with assault
(DBN)

A Historic Replacement For Ketanji Brown Jackson On The D.C. Circuit
(DBN)

Virginia Thomas agrees to interview with Jan. 6 panel
(DBN)

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Wall Street:

Stock futures bounce slightly a day after market selloff from Fed rate hike
(DBN)

Dow sinks more than 500 points in whiplash trading session after Fed raises interest rates by 75 basis points
(DBN)

Carl Icahn to investors: 'The worst is yet to come'
(DBN)

Goldman's Oppenheimer Sees S&P 500 Falling 10% If Recession Hits
(DBN)

Stock Bulls Reluctantly Fold on the Fed's Grim Economic Message
(DBN)

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Layoffs:

Meta looks to cut costs by 10% or more over next few months, says report Meta is reportedly putting some workers onto a '30-day list' that gives them a month to find a new role at the company — or leave
(DBN)

Steelcase plans job cuts on 'lower-than-expected return-to-office trends'
(DBN)

Nordstrom to layoff 231 people at Cedar Rapids distribution center
(DBN)

IT services group Wipro fires 300 employees moonlighting for competitors
(DBN)

YNHH Cuts 155 Management Jobs
(DBN)

Gap Announces Mass Layoffs in SF, NY Corporate Offices
(DBN)

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Crypto:

Dimon Says Crypto Tokens Are 'Decentralized Ponzi Schemes'
(DBN)

CoinFLEX Announces Restructuring Proposal, Allocating 65% Shares to Creditors
(DBN)

One of crypto's longest serving CEOs steps down
(DBN)

Celsius May Repay Customers With Wrapped Assets
(DBN)

Voyager asset sale: Will Binance, FTX honour Voyager account holder deposits?
(DBN)

Crypto Shakeout Engulfs the C-Suite as CEOs Start Stepping Down
(DBN)

____________

Politics:

Under pressure, Trump revives QAnon cult -- around himself
(DBN)

Trump support among Republicans slips 5 points in month: survey
(DBN)

Is Trump Pushing Civil War?
(DBN)

QAnon videos are getting millions of views on TikTok as Trump embraces conspiracy theory
(DBN)

DeSantis is Trump's Dem-slaying Frankenstein monster and they're heading for a deadly showdown
(DBN)

McConnell came closer than first reported to voting to convict Trump: book
(DBN)

House Speaker Trump? It's not as far-fetched as you think
(DBN)

Biden approval at highest level in new poll since December
(DBN)

Colorado sheriff under investigation over support of Boebert
(DBN)

Most Republicans Support Declaring the United States a Christian Nation
(DBN)

House candidate called himself a combat vet. Records show he wasn't.
(DBN)

Manchin's permitting reform deal on life support in face of GOP opposition
(DBN)

White House slams Ted Cruz for touting infrastructure project he voted against
(DBN)

Abortion looms over 2022 state ballots Search interest in abortion falls as the border rises
(DBN)

IADB president allegedly threatened to "burn" down bank over affair charges
(DBN)

What could happen if election deniers win?
(DBN)

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Economy:

Thinking about quiet quitting? You're not alone. Quiet quitters make up half of the U.S. workforce, poll shows.
(DBN)

Jamie Dimon: 'The U.S. economy today is a classic tale of two cities' Jamie Dimon: Americans are being 'crushed' by inflation 'Policymakers should be prepared for the worst,' JPMorgan CEO Jamie Dimon tells Congress Dimon Defends Need for Fossil Fuel Investments to Congress JPMorgan Chase CEO Jamie Dimon clashes with Dem rep over Russia investments JPM CEO Dimon Says Regulations Have Gone Too Far Since Lehman
(DBN)

Top economist El-Erian says the Fed could have avoided 'higher, faster, longer-lasting' rates and elevated recession risk if it had acted sooner
(DBN)

Powell's stark message: Inflation fight may cause recession
(DBN)

The Fed is declaring war on inflation. It could lead straight to recession.
(DBN)

Fed predicts big slowdown in economy and rising unemployment as it battles inflation
(DBN)

The Fed will save the stock market and cut interest rates if a deep recession occurs next year, JPMorgan says
(DBN)

FOMC Statement: Raise Rates 75 bp; "Ongoing increases appropriate" Here's what changed in the new Fed statement Fed raises rates 0.75 percentage points, signals more to come The Fed commits even more to inducing a 'growth recession' as it raises interest rates at an extra-fast pace for the third time in a row Fed hikes interest rates by a sharp 0.75 percent despite recession fears The Fed raises interest rates by 0.75%, making these 4 things more expensive FOMC Projections and Press Conference Fed sees U.S. economic growth stalling as it jacks up rates again The Fed forecasts hiking rates as high as 4.6% before ending inflation fight
(DBN)

Fed's tough task: History shows inflation takes average of 10 years to return to 2%
(DBN)

Jeff Gundlach says the Fed should slow down its rate hikes
(DBN)

Larry Summers predicted inflation, but now he's looking on the bright side
(DBN)

Biden competition adviser points to railroad, shipping industry concentration as driver of inflation
(DBN)

Fed-funds rate could end up as high as 5%, says overseer of $1.3 trillion in assets
(DBN)

2-year Treasury yield surges above 4.1% after Fed hike, highest level since 2007
(DBN)

Ray Dalio sees these classic early signs of a US recession and expects the economy to get worse over the next 2 years
(DBN)

Another former Putin ally dies after 'falling down several flights of stairs' as eight cronies are mysteriously killed The need to cap Russian oil prices is increasingly urgent as Moscow ramps up troops, says Ukrainian presidential advisor Greece Is Ready for Potential Russian Gas Cutoff, Mitsotakis Says UK Seeks LNG Supplies From US Ahead of Winter Energy Crunch Energy crisis spurs Britain to end fracking ban, digging up a long-running debate European Union plans new sanctions after Putin's nuclear escalation threat Germany nationalises Uniper to prevent bankruptcy Naftogaz Defaults on 2022, 2024 Eurobonds as Cabinet Withholds Approval of Creditor Payment Russia Losing Gas War EU Plans New Measures to Tame Energy Markets, Ease Gas Prices
(DBN)

FedEx's bleak warning could reflect global economy − and company's own shortcomings
(DBN)

U.S. economy loses billions of dollars a year due to the sharp decline in refugee admissions, economist says
(DBN)

Goldman Sachs Will End Covid Vaccination Requirements in Its New York Office
(DBN)

Citi May Add N.J., Connecticut Offices to Ease Workers' Commuting Costs
(DBN)

Another Reason Employees Don't Want to Return to the Office: Menopause
(DBN)

Congress faces some key obstacles to averting a government shutdown next week
(DBN)

The third rail Republicans can't stop touching
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Bankruptcy court complicates suits over failed NFL facility in South Carolina
(DBN)

NAR: Existing-Home Sales Decreased Slightly to 4.80 million SAAR in August NAR: Existing-Home Sales Decreased to 4.80 million SAAR in August More Analysis on August Existing Home Sales US Sales of Previously Owned Homes Decline for a Seventh Month
(DBN)

Home values in August saw their largest monthly decline since 2011. Some cities see house prices drop by 3%.
(DBN)

Mortgage applications rise for the first time in 6 weeks as buyers hurry into the housing market before the Fed's next rate hike
(DBN)

U.S. mortgage interest rates reach 6.25%, highest level since October 2008
(DBN)

'Prices ran wild the past two years': Home builders say 'housing recession shows no signs of abating'
(DBN)

Home prices keep rising amid a seller's housing market. So why has new homebuilding hit a crawl?
(DBN)

Powell Warns of Correction in Once 'Red-Hot' Housing Market
(DBN)

AIA: Architecture Billings Index shows "Demand for design services accelerates" in August
(DBN)

Lucky to find a $3K place: Surging rents leaving behind generation of younger workers in US
(DBN)

Nate Paul to lose another World Class asset
(DBN)

____________

Municipalities:

Rising homelessness is tearing California cities apart
(DBN)

Puerto Rico's tragically foreseeable crisis
(DBN)

Biden approves disaster declaration for hurricane-ravaged Puerto Rico
(DBN)

Health care system "collapse": Doctors, experts sound alarm over Puerto Rico's medical system
(DBN)

Puerto Rico struggles to reach areas cut off by Fiona
(DBN)

Puerto Ricans desperate for water after Fiona's rampage
(DBN)

The eco-friendly homes that didn't lose power after Hurricane Fiona hit Puerto Rico
(DBN)

Major muni firms sued for $1.42B over past Puerto Rico bond fees
(DBN)

Shocking Levels of Toxic Lead in Chicago Water
(DBN)

House appropriators eye as much as $200M for Jackson water crisis
(DBN)

____________

Oil/Gas:

US gas prices climb for the first time in nearly 100 days - and remain 15% higher than last year
(DBN)

$8 a gallon gas? Brace for higher oil prices as Russia escalates Ukraine conflict, RBC energy guru says
(DBN)

EU approves up to $5.2 billion in public funding for hydrogen projects
(DBN)

GM to close reservations for electric Hummer pickup, SUV after topping 90,000
(DBN)

____________

Fraud:

Charges Against Alleged Architects Of $250M COVID-19 Relief Scheme Are A Big Warning To Others
(DBN)

____________

Transit:

NYC Subway Ridership Bounces Back as Workers Return to Offices
(DBN)

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Tech:

Florida appeals to Supreme Court over controversial social media law
(DBN)

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Banking:

Credit Suisse Considers Plan to Resurrect 'Bad Bank'
(DBN)

____________

Food/Beverage

No more steak. Ordering out less. Here's how inflation is squeezing American diets.
(DBN)

Heat and Drought Cause 'Earliest Ever' Wine Harvest, But Hope Remains
(DBN)

Food Inflation Sends the American Diner Index Soaring 13%
(DBN)

____________

Cannabis:

Marijuana Bankruptcy: The Answer is Still "No"
(DBN)

____________

Autos:

Faraday Future Employees Decry Bankruptcy Efforts by "Malicious Board Members"
(DBN)

New car prices: Today's buyers are paying 'well above sticker'
(DBN)

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Labor:

Working in a Tesla Factory a Nightmare
(DBN)

____________

Media:

Who Owns Big Media Today?
(DBN)

____________

Coal:

Blackjewel still hasn't paid many of its coalminers three years on
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

Mass Torts:

3rd Circuit to Rule on the Validity of the "Texas Two-Step" in Chapter 11 Cases
(DBN)

Cancer Victims Urge Court to End J&J Bankruptcy Roadblock to Lawsuits
(DBN)

Infowars' Bankruptcy Judge Removes Top Advisors, Orders Probe
(DBN)

Alex Jones trial in CT: Key moments from Sandy Hook families' testimony on Day 6
(DBN)

Alex Jones 'hoax' claim led strangers to show up demanding to see his dead son, Sandy Hook father testifies
(DBN)

Judge prepares for Alex Jones to take stand in Connecticut Alex Jones set to testify in trial over Sandy Hook hoax lies
(DBN)

$80K for Alex Jones CT trip? Sandy Hook families want to stop 'siphoning' of Infowars money
(DBN)

Alex Jones continues criticism of trial on courthouse steps, announces update in bankruptcy
(DBN)

Sandy Hook families testify about threats, fear of deniers
(DBN)

____________

Personal Bankruptcy:

The Modern Family Debacle: Bankruptcy Judges Decide That Some of the Debtors' Loved Ones Do Not Count as Household Members
(DBN)

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Discharge:

In for a Dime, In for a Dollar? Can a Partner Escape Liability in Bankruptcy for a Fraud by Blaming Another Partner?
(DBN)

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Aviation:

United Airlines Workers at Heathrow to Vote on Strike Over Pay
(DBN)

Airline tickets could become even more expensive, aviation execs warn
(DBN)

SP Justice Declares Itapemirim Group Bankruptcy
(DBN)

____________

Retailing:

Walmart plans to hire 40,000 workers for the holiday season
(DBN)

Target plans to hire 100,000 seasonal workers for the holidays and start deals early
(DBN)

____________

Climate:

Gore Says Climate Crisis Is Like 'Hike Through Book of Revelation'
(DBN)

Senate approves first climate treaty in decades US Ratifies Kigali Climate Treaty to Slash Super-Pollutants
(DBN)

U.S., U.K. and powerful nations get serious about protecting the forests believed key to hitting Paris climate target
(DBN)

Calls to Replace Trump-Appointed World Bank Chief Grow After Climate Denial
(DBN)

Norway PM: Russia's War Is Pushing Global 'Speed-Up' of Clean Energy
(DBN)

Drowning island nations: 'This is how a Pacific atoll dies'
(DBN)

____________

Healthcare:

WHO: World "off track" in goal to reduce premature deaths from chronic diseases
(DBN)

Louisiana Federal Judge Blocks Mask and Vaccine Mandate for Head Start Workers, Children: This Case Is 'Ultimately About the Separation of Powers'
(DBN)

____________

Cosmetics:

Now Things Really Get Fun for Revlon
(DBN)

____________

Student Debt:

Americans' mental health continues to struggle amid student loan debt
(DBN)

Student Loan Forgiveness Is Taxable In A Few States, Even If Lenders Do Not Report The Forgiven Amount To The Government
(DBN)

Congress just made it possible for student-loan borrowers who combined their balances with a spouse to separate their debt and receive federal loan forgiveness
(DBN)

____________

Sovereigns:

Barbados to refinance debt, help protect ocean in rare deal
(DBN)

Default 'a real possibility' for Ghana, Fitch senior director says
(DBN)

A fallen dynasty backs Sri Lanka's leader as creditors seek answers
(DBN)

Debt Control Key for Frozen-Out EMs, Kenya Central Banker Says
(DBN)

____________

UK:

Can restructuring plans strip out third party guarantees?
(DBN)

Bank of England raises rates by 50 basis points, in seventh consecutive hike
(DBN)

The UK is burning through cash amid the energy crunch and risks stagflation unless it pushes through these growth hurdles, Mohamed El-Erian says
(DBN)

Truss Calls On UK Rail Workers to Abandon New Round of Walkouts
(DBN)

Constitution stops Charles becoming Britain's 'green' king
(DBN)

____________

EU:

Traders Bet the ECB Will Raise Interest Rates to 3% by June
(DBN)

____________

Russia:

Russia's dangerous mobilization Flights out of Russia sell out after Putin orders partial call-up Flight prices out of Russia surge as Putin calls up reservists for Ukraine war Over 1,000 Russians detained in protests against partial military mobilization 'How to leave Russia' Google searches surge in the country as Putin declares partial military mobilization Hundreds of men flee to Finland Madness to think of using nukes says pope Mobilisation in Russia: Russian Orthodox Patriarch Kirill urges people not to see Ukrainians as enemies John Kirby: Putin calling up more troops for Ukraine war is a 'sign that he's struggling' Putin takes big risk by mobilizing greater force for Ukraine war Putin's army mobilization shatters Russian public's wartime illusion Panic, Protests on Putin's Call for Mobilization
(DBN)

'False spring' of hope in Ukraine?
(DBN)

In Ukraine's retaken battlefields, soldiers recover bodies
(DBN)

Russian Opposition Calls for Protests Against Putin's 'Criminal War' Hundreds of arrests reported in dozens of Russian cities after Putin announces compulsory call-up of reservists
(DBN)

Ukraine asks Israel to share intel on Iranian support to Russian military
(DBN)

5 takeaways from Biden's speech to the world Russia Is Left an Outlier Among World Leaders Gathered at the UN Ukraine's Zelenskyy lays out his case against Russia to UN At UN, Russia's war in Ukraine is both text and subtext
(DBN)

Two U.S. veterans released by Russian-backed forces in prisoner swap Ukraine says it has completed a massive prisoner swap with Russia where key Putin ally Viktor Medvedchuk was sent to Russia and 215 Ukrainians returned home No let-up in hostilities in Ukraine despite prisoner swap
(DBN)

____________

MENA:

Israeli Prime Minister Lapid to back two-state solution in UN speech
(DBN)

____________

China:

China is depleting its oil stockpiles in a potential sign Beijing is looking to boost the economy with a surge in fuel exports
(DBN)

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Australia:

Economic Distress and the Risk of being Knowingly Concerned in the Contravention of Others
(DBN)

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Switzerland:

Swiss central bank hikes interest rate as inflation pressures hit hard
(DBN)

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Taiwan:

Taiwan Set For Modest Rate Hike as Growth Slows
(DBN)

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Philippines:

Philippines Raises Key Rate as Peso Slumps on Hawkish Fed
(DBN)

____________

Norway:

Norway Raises Rate by Half Point and Signals Hiking May Soon End
(DBN)

____________

Italy:

The far-right is expected to win Italy's election, in a massive political shift
(DBN)

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