September 27, 2022

The Daily Bankruptcy News

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Law:

Jury Only Needed Two Hours to Convict 84-Year-Old Millionaire of Murdering Attorney in Front of Victim's Home
(DBN)

Employment outcomes were great for 2021 law school graduates; is that a sign of caution?
(DBN)

How We Talk About Pay Is Changing. Don't Fight It
(DBN)

I left a 6-figure law job due to depression. I always feared being a 'quitter' — but now I don't regret it.
(DBN)

Former BigLaw associate is accused of lying about time spent on document review project
(DBN)

Disbarred lawyer Tom Girardi's auction items included Persian rugs, bronze statues, holographic Pokémon card
(DBN)

Not Taking No For An Answer, Law Firm Committed To Dismantling Scholarship for Historically Disenfranchised
(DBN)

Attention First Year Law Students: It's Okay If You're Disappointed In Your Grades
(DBN)

Understanding (And Thriving In) The Role Of An In-House Lawyer
(DBN)

Everybody With T.C. Williams In Their LinkedIn Profile May Consider Changing It
(DBN)

Former acting AG for Alaska is charged with sexual abuse of minor on mock trial team
(DBN)

Trump's 'Special Master' Delay Is Already Backfiring • Former DOJ official says special master telling Trump to 'put up or shut up' • Mike Pence's former chief of staff said it's 'absurd' that Donald Trump thinks he can declassify documents by 'thinking about it'
(DBN)

National Archives to Report on Whether More Trump Files Are Missing
(WSJ)

New York's $250 million lawsuit against Donald Trump is the beginning, not end, of this case — a tax lawyer explains what's at stake
(DBN)

How Donald Trump got his Deutsche Bank loans
(DBN)

Members of the Oath Keepers, including founder Stewart Rhodes, are asking for a change of venue before their upcoming sedition trial, citing the 'incessant negative publicity' of Jan. 6 defendants
• Ex-Marine Described by Witness as 'Huge White Supremacist' and 'a Complete Wacko' Admits to Jan. 6 Assault on Cops • Roger Stone's links to Jan. 6 revealed after panel IDs his phone number in 'Manhattan Madam' call logs: new book • Brooklyn man identified as Capitol rioter who reportedly received phone call from White House on Jan. 6 • Brooklyn Rioter Who Appeared on 'Baked Alaska' Livestream Reportedly Received Jan. 6 Call from White House Landline • Why it's a mystery who allegedly made the White House call to Capitol rioter on Jan. 6 • Oath Keepers lawyer texted White House aide about 2020 election: report • Oath Keeper charged in Jan. 6 attack texted with Andrew Giuliani about election • What we know going into the final Jan. 6 hearing • Wisconsin GOP speaker sues Jan. 6 committee, asks to block subpoena • Republican Running Unopposed Complains Jan. 6 Subpoena Hurts Reelection • Riggleman says Mark Meadows text messages reveal 'roadmap to an attempted coup' • Meadows was central to hundreds of texts about overturning 2020 election, book says • Ex-Jan. 6 Committee Adviser's New Book a Bombshell to Insiders: Report • Bills would curtail objections at future Jan. 6 vote counts • The Jan. 6 Committee Has Done Masterful Work. Can It Stick the Landing? • Jan. 6 hearing to feature documentary clips of Roger Stone predicting political violence
(DBN)

Biggest takeaways for the feds in Maggie Haberman's Trump book
(DBN)

Trump Election Lawyer John Eastman Urges Judge to Shield Additional Chapman University Emails from Jan. 6 Committee
(DBN)

University of Idaho warns staff not to offer reproductive health services following state's near-total abortion ban • Satanic Temple suing Indiana over state's near-total abortion ban • Abortion Bans Restrict Other Drugs Too
(DBN)

Lawsuit filed after FBI agents raided 1,400 deposit boxes at a US Private Vaults branch claims owners' items have still not been returned
(DBN)

Cops chased dead ends for 40 years in a California teen's cold case. Then a suspect's relative emerged.
(DBN)

New Mexico Woman Sues City Months After Charge Was Dropped in Alleged Road Rage Incident Over 'Vaccinated' Bumper Sticker
(DBN)

Ex-Idaho Cop Cries as Federal Jury Convicts Him of Tampering with Evidence and a Witness in FBI Civil Rights Probe
(DBN)

Santa Fe district attorney may criminally charge Alec Baldwin over deadly 'Rust' shooting, letter says • Alec Baldwin and 3 others could face charges in "Rust" shooting, district attorney says in request for more money to investigate • Alec Baldwin Lawyer Pushes Back as DA's Request for More Funding Identifies Client as 'Possible Defendant' in Prosecution Over Rust Shooting
(DBN)

New Orleans police hire civilians to combat officer shortage
(DBN)

Fatal mixup Teen, 17, with airsoft gun fatally shot by Los Angeles police after calling 911
(DBN)

Police Release Footage of Train Hitting Patrol Vehicle, Where Officers Left Woman Detained Inside
(DBN)

Almost 9 in 10 Republicans approve of GOP governors sending migrants to Democratic areas: poll
(DBN)

Supreme Court's gun ruling opens door to next fight: Where can they be carried?
(DBN)

Appeals court blocks California ban on for-profit prisons
(DBN)

Black defendants make up more than 50% of exonerations since 1989, new report says
(DBN)

______________

Judges:

Barrett joined dissenting liberal justices as Supreme Court allowed execution of inmate seeking nitrogen death
(DBN)

These Supreme Court Justices Are Worth A Lot
(DBN)

The Supreme Court's new term could be even more consequential than its last one
(DBN)

Breyer feared waiting to retire from Supreme Court could result in nominee gridlock
(DBN)

Whaddya Know? A Majority Of Americans Support Expanding The Supreme Court
(DBN)

Attorney Who Worked Under Beau Biden Can Move Forward with Suit Over Rule Requiring Judicial Candidates to Be Democrats or Republicans
(DBN)

______________

Wall Street:

Stock futures rise as S&P 500 and Dow try to bounce back from lowest levels since 2020
(DBN)

S&P 500 notches new closing low for 2022, Dow falls into bear market as dollar surges
(DBN)

Lowered Profit Forecasts Raise Concerns On Shaky Wall Street
(DBN)

______________

Layoffs:

Goldman Sachs' bankers get their marching orders as Wall Street starts to purge under-performers
(DBN)

______________

Climate:

Mandatory evacuation ordered for Tampa area as Hurricane Ian approaches • Hurricane Ian Looks More of a Problem for Florida Reinsurers Than Oil Refiners • National Hurricane Center director calls Ian forecast a "near worst-case scenario" for the Tampa area • Hurricane Ian nears Cuba on path to strike Florida as Cat 4 • Hurricane Ian is about to crash into a very crowded Florida • Is Ian Florida's 'big, sloppy' nightmare?
(DBN)

To cut a firm's emissions, peg its CEO's pay to climate goals
(DBN)

Fiona leaves an 'unprecedented' trail of destruction in Canada
(DBN)

90% Clean Energy by 2035 is Achievable
(DBN)

____________

Fraud:

Father and Son Charged in $100 Million Sandwich Scheme
(DBN)

Brett Favre allegedly pressured Mississippi gov. for millions in taxpayer funds, court filing shows
(DBN)

____________

Fraud:

Texts reportedly show Brett Favre was told by Mississippi Gov. that push for volleyball arena could be illegal • Favre Also Wanted to Use Slave Labor
(DBN)

____________

Politics:

Congress earns its highest rating of the year — but 75% still disapprove: poll
(DBN)

Cornell Law Professor Gives Redistricting And Gerrymandering Breakdown
(DBN)

Trump has called several GOP donors who contributed money to Ron DeSantis asking them to stop boosting the Florida governor: report
(DBN)

Trump said making new secret 'rich friends' was the thing he liked best about the presidency, book says
(DBN)

Ted Cruz was booed by a Texas audience when he said his plan to end school shootings is putting more police officers in schools
(DBN)

Trump GOP Support Falls 20%
(DBN)

DeSantis faces the true test of any Florida governor
(DBN)

GOP path to Senate majority narrows
(DBN)

The seven Senate seats most likely to flip
(DBN)

Riggleman: After I criticized Trump, my mom texted me, 'I'm sorry you were ever elected'
(DBN)

Gallego accuses Sinema of wanting Democrats to lose House, Senate
(DBN)

Arizona outlook turns bleak for Masters, GOP
(DBN)

McConnell works to box out Manchin • Schumer delivers on permitting reform promise to Manchin • Manchin surprised by McConnell opposition: 'You can be a hero one day and a villain the next' • Republican AGs call on Senate leadership to oppose Manchin permitting reform bill
(DBN)

Campaigns spend over $6.4 billion on ads for 2022 elections, making race one of the most expensive ever
(DBN)

The 3 Types of Election-Denying Republicans Running for Secretary of State
(DBN)

Cheney fuels talk of independent bid
(DBN)

____________


Economy:

Factory Jobs Are Booming Like It's the 1970s
(DBN)

Four High Frequency Indicators for the Economy
(DBN)

Rising grocery costs pushing older Americans to eat less healthy foods
(DBN)

Inflation and Expiring Benefits Have More Americans Going Hungry
(DBN)

Americans struggle to pay utilities as energy prices surge
(DBN)

The world economy is slowing more than expected, a new forecast shows.
(DBN)

The world economy has an ominous August 2007 kind of feeling
(DBN)

WTO Chief Sees World Economy Edging Into a Recession
(DBN)

The Dollar Is Strong. That Is Good for the U.S. but Bad for the World.
(DBN)

Here's exactly when Vanguard's US chief economist now thinks we're 'most likely' to enter a recession — and what may be the 'biggest risk' to you if we do
(DBN)

Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed's 110-year history, and it could lead to a major recession • Wharton professor Jeremy Siegel says the Fed's rate hike campaign is so extreme that recession risk is much higher than risk of the central bank 'waffling' on inflation
(DBN)

Traders Who 'Just Want to Survive' Sit on $5 Trillion Cash Pile
(DBN)

BlackRock says markets will get 'Fed up' with too much tightening as growth slows, with Powell showing the most resolve since Paul Volcker
(DBN)

'Financial markets are throwing in the towel': Recession fears escalate as Fed slams brakes on the economy
(DBN)

China Warns Waning Global Demand Is Top Threat to Trade
(DBN)

First thing Fed breaks with higher rates will be the financial markets, BMO says
(DBN)

Mr "Big Short" Michael Burry Says This Bubble Is Bursting
(DBN)

U.S. dollar strength continues as global central banks struggle to keep up with the Fed
(DBN)

Traffic is coming back to downtowns across America
(DBN)

Remote workers are increasingly surveilled, as manager paranoia surges
(DBN)

Big Law's Russia Sanctions Lawyers Shift Focus to Enforcement • Russia's war on Ukraine will cost $2.8 trillion across the world - and winter energy shortages in Europe could push that figure higher, OECD says • Russian crude heading to Asia hits a 5-week high as looming European sanctions inch closer • UK announces sanctions on 92 Russian officials, entities over referendums in Ukraine • Nord Stream Says Damage to Gas Pipeline to Germany Unprecedented • European Gas Prices Rise Amid Outages at Idled Russian Pipelines • Europe Wants Banks to Ease Energy Crisis Without Falling Victim • Putin's Mobilization Hits Russia's Economy in Its Weak Spots • Ofgem Tells UK Energy Firms to Better Help Struggling Customers • Solar Panels Piling Up in Warehouses in Energy-Starved Europe • Europe Is Ready for a Winter Without Russian Gas, BNEF Says • Energy Crunch Will Hurt Like 2009 Crash If Europe Gets It Wrong
(DBN)

Shutdown threat grows as lawmakers struggle to reach final deal • Bill to Prevent Government Shutdown Released by Senate Democrats
(DBN)

Minimum wage increases on tap for 2023
(DBN)

White House releases strategy for ending hunger in U.S. by 2030
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing September 26th Update: Inventory Increased 0.9% Last Week; Hits New Peak for 2022
(DBN)

New Home Sales and Cancellations: Net vs Gross Sales
(DBN)

Housing market correction? Here's what experts think is ahead for the real estate market
(DBN)

UC housing crisis forces students into multiple jobs to pay rent, sleeping bags and stress
(DBN)

'They're waiting to see if home prices fall': Home buyers are backing out of contracts in the Sun Belt at a record rate
(DBN)

Freddie Mac: Mortgage Serious Delinquency Rate decreased in August
(DBN)

Remote Work Drove Over 60% of House-Price Surge, Fed Study Finds
(DBN)

New York City's Empty Offices Reveal a Global Property Dilemma
(DBN)

____________

Municipalities:

Puerto Rico governor calls on U.S. to allow ship carrying vital diesel fuel to dock at hurricane-ravaged island • A century-old shipping law is keeping critical supplies from reaching Puerto Rico
(DBN)

____________

Oil/Gas:

Goldman Slashes Oil Price Forecasts But Says It Remains Bullish
(DBN)

____________

Education:

Pennsylvania school district accused of banning Girls Who Code book series
(DBN)

Trump's Assault on Elite Colleges Isn't All Wrong
(DBN)

____________

Tech:

Trump-linked SPAC changes address to UPS Store as investors pull over $130 million
(DBN)

____________

Water:

Who's really using up the water in the American West?
(DBN)

____________

Celebs:

'RHOBH' Star Erika Jayne's Mansion Sold For $7.5 Million To Pay Back Victims Of Husband Tom Girardi's Embezzlement
(DBN)

____________

Mass Torts:

Dissonance and Distress in Bankruptcy and Mass Torts
(DBN)

____________

Retailing:

Prior Stock Repurchases And Vendors Could Force Bed Bath & Beyond Into Restructuring
(DBN)

Macy's To Add 41,000 Seasonal Workers Ahead Of The Holidays
(DBN)

____________

Student Debt:

Biden plan to cancel some U.S. student loan debt will cost $400 billion -CBO • White House downplays CBO report on $400 billion cost of student loan forgiveness plan
(DBN)

Meet a government worker who regrets refinancing her student debt because she didn't know it would block her from federal loan forgiveness: 'I never would have done that'
(DBN)

____________

Movie Theaters:

AMC Entertainment Files To Sell Up To 425 Million APE Shares To Pay Down Debt
(DBN)

____________

Utilities:

Forest service seizes PG&E equipment as part of probe into cause of Mosquito Fire
(DBN)

Texas Electricity Prices Could Spike Even Higher
(DBN)

____________

Autos:

Hertz Sued After Customers Held At Gunpoint By Cops Over Allegedly Stolen Cars
(DBN)

Corvette Parts Supplier Files For Chapter 11 Bankruptcy
(DBN)

Chip Production Up, but Not Car Volumes
(DBN)

GM's Car Sales Jump 100% in Second Quarter
(DBN)

Just 4% of North American Car Production Is Electric
(DBN)

____________

Banking:

Wells Fargo is in Trouble Yet Again
(DBN)

____________

Healthcare:

Healthcare Organizations Nationwide Are On The Brink Of Financial Calamity
(DBN)

Moody's downgrades Envision Healthcare, says bankruptcy possible
(DBN)

James Biden Settles Loan Lawsuit Tied to Rural Hospitals' Bankruptcy
(WSJ)

CDC no longer recommends universal masking in health facilities
(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 (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)

Exculpation:

Fifth Circuit confirms narrow scope of exculpation provisions in chapter 11 plans
(DBN)

____________

Sanctions:

Surviving Rule 12(b)(6) Motion Could Still Lead to Sanctions Under Bankruptcy Rule 9011
(DBN)

____________

Insurance:

With Hurricane Ian approaching, Florida says another insurance company is insolvent
(DBN)

Florida Restructure Plan Didn't Take: FedNat Insurance Deemed Insolvent
(DBN)

Florida insurance company declared insolvent, Louisiana left to pay open claims
(DBN)

____________

Aviation:

White House: New rule will show 'true cost' of plane tickets
(DBN)

This is what Americans hate most about flying — and it's not reclining seats, or even disruptive passengers
(DBN)

California man accuses Southwest Airlines passenger of physically assaulting and hurling racist slurs at his wife on flight to Phoenix
(DBN)

Bucharest Airport seeks to recover claims from Tarom, insolvency option floated
(DBN)

Jet Airways' Return to Skies Delayed With Plane Talks in Limbo
(DBN)

____________

Crypto:

FTX US wins auction for Voyager Digital's assets • Bankrupt Firm Voyager Accepts FTX's $1.4B Asset Acquisition Bid
(DBN)

Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice
(DBN)

One Bitcoin Equals One Bitcoin Becomes the Narrative as the Drop Gets 'Too Painful'
(DBN)

Bankrupt Compute North Receives Court Approval to Continue Operations
(DBN)

Eight states file enforcement action against crypto lending platform Nexo
(DBN)

How a Big-Talking Crypto Mogul Became an International Fugitive
(DBN)

Bitcoin miners get stuck in a bear pit
(DBN)

Sam Bankman-Fried's Alameda Research Draws Increasing Attention
(DBN)

____________

Sovereigns:

Ghana's Talks With IMF Start With Focus on Debt Sustainability
(DBN)

US Asks Pakistan to Seek Debt Relief from China After Floods
(DBN)

____________

UK:

Sequestration limit change could lead to flurry of bankruptcies in Scotland
(DBN)

U.K. tax cut proposals reverberate across markets
(DBN)

UK Markets Have Lost $500 Billion Since Liz Truss Took Over
(DBN)

Truss's UK Tax Cuts Raise Concern Among Fed, German Officials
(DBN)

German Finance Minister Wary of the UK's Fiscal 'Experiment'
(DBN)

Labour Surges to Record 17-point Poll Lead Amid Pound Selloff
(DBN)

British Lenders Pull Mortgage Deals With UK Markets in Turmoil
(DBN)

Bond Market Selloff Shows No Signs of Abating With UK Losing 27%
(DBN)

Deutsche Bank's Chief Economist Sees 'Painful' UK Recession
(DBN)

Kwarteng Heads for a Difficult Meeting With London's Top Bankers
(DBN)

The British pound just plunged to an all-time low against the US dollar. Here's what happened, and what it means.
(DBN)

Liz Truss' honeymoon canceled as pound plummets and U.K. borrowing costs soar
(DBN)

Markets now see more risk in the UK's 5-year bonds than those for the most heavily indebted eurozone members
(DBN)

The Bank of England needs to hike rates by a super-sized 100 basis points to calm markets shaken by UK tax cuts, Mohamed El-Erian says • Bank of England fails to reassure markets after pound plunge • BOE says it won't hesitate to hike rates after pound falls to historic low • Bank of England backs away from emergency steps to prop up the pound
(DBN)

The drop in the pound is sending UK rate expectations to 6% in 2023 - and that means a spike of 73% for some mortgage payments, economist says
(DBN)

London's Share of European IPO Haul Sinks to a 12-Year Low
(DBN)

____________

EU:

ECB's Lagarde expects technical recession this winter
(DBN)

Goldman Sees ECB Hiking by 75 Basis Points at Next Two Meetings
(DBN)

____________

Canada:

Canada to drop Covid border measures on Oct. 1
(DBN)

____________

Russia:

Putin's Top Cheerleaders Panic Over Russian Army 'Mutiny' • Some men in white-collar jobs like banking and IT won't be drafted to fight in Ukraine, Russia's defense ministry says • Russian Shoots Recruitment Officer Instead of Joining War • Putin troop mobilization will come with high costs: think tank • Russian military recruitment offices come under attack after draft order • Attacks mount in Russia after Putin troop mobilization • Putin's call-up fuels Russians' anger, protests and violence • Russia's mobilization won't fix its military problems • Putin's call-up fuels Russians' anger, protests and violence
(DBN)

Russia to give troops who surrender 10 years in prison unless they are able to flee captivity
(DBN)

Kazakhstan says it won't recognize referendums in eastern Ukraine
(DBN)

Government funding bill to include over $12 billion in new Ukraine aid
(DBN)

US says it told the Kremlin that Russia will face 'catastrophic consequences' if it uses tactical nuclear weapons in Ukraine • Putin's nuclear threat: What the US means when it says 'catastrophic consequences' • Putin's nuclear threats are a bluff designed to get the West to back down from supporting Ukraine, Latvia's defense minister says • Kremlin says Russia and U.S. have 'sporadic' contact over nuclear weapons • UN chief calls for end of "nuclear blackmail" • UN chief calls for global abolition of nuclear weapons after Putin threat • US faces bleak options as Putin turns bellicose on nukes
(DBN)

Seeking to avoid another major failure, Putin has become more hands-on with his commanders, refusing their requests to retreat from the last Ukrainian city under Russian control
(DBN)

Orthodox Church leader says Russian soldiers dying in Ukraine will be cleansed of sin
(DBN)

Putin grants Russian citizenship to U.S. whistleblower Snowden
(DBN)

Matt Drudge slams 'dementing' Donald Trump for saying US would lose Ukraine war
(DBN)

____________

Philippines:

Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers
(DBN)

____________

China:

Deflation Risks Loom in China Amid Property Crisis, Survey Shows
(DBN)

China's Economic Recovery Faces Fresh Risks From Global Slowdown
(DBN)

US military points to Ukraine in warning China against Taiwan attack
(DBN)

China Lets Its Currency Weaken Past a Key Barrier and Tries to Manage the Fall
(DBN)

____________

Hong Kong:

Hong Kong Court of Appeal considers the effect of exclusive jurisdiction clause on bankruptcy proceedings
(DBN)

____________

MENA:

The UAE is scrapping its Covid mask requirements after 2½ years
(DBN)

____________

Spain:

Developments Related To Insolvency And Restructuring: The End Of The Moratorium And The Amendment To The Insolvency Act
(DBN)

____________


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