September 8, 2022

The Daily Bankruptcy News

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Law:

Want A Big Signing Bonus With Your Biglaw Lateral Move? Not In This Economy...
(DBN)

Top 50 Law Schools: Percentage Of Students Receiving At Least 50% Tuition Scholarships
(DBN)

An Awful Lot Of Law Students Are Getting Hefty Scholarships At This Law School
(DBN)

There Are No Tax Benefits To Donating To Professor Amy Wax's Legal Defense Fund Especially When The Website Looks Like A Phishing Scam
(DBN)

Should would-be lawyers have to disclose full criminal records? New York asked to consider change
(DBN)

Lawyers Should Often Be More Gracious In Defeat
(DBN)

The Gender Gap in Restructuring
(DBN)

As ABA Deadline Ends, More Than 100 Public Comments Highlight Split Over Law School Admissions Test Requirement
(DBN)

Squire Patton Boggs hires six senior lawyers in London from Brown Rudnick, Shearman & Sterling
(DBN)

U.S. backs students claiming Harvard ignored professor's sexual harassment
(DBN)

Gaming Out the Two Major Paths Forward After Judge Grants Trump's Request for a Special Master in Mar-a-Lago Case Trump's Fourth Amendment Claims and the Strategy Behind the Challenge to the Mar-a-Lago Search Finding special master in Trump classified documents case no easy task Trump's spokesman accused the Washington Post of 'colluding' with the FBI over a report nuclear secrets were kept at Mar-a-Lago Barr says DOJ 'getting very close' to having enough evidence to indict Trump DOJ close to having evidence to indict Trump, but shouldn't charge, Barr says Bill Barr Thinks Judge Cannon's Order Is Trump Simping Gibberish, But She's Still Got Jonathan Turley On Her Side! Florida judge throws Trump, DOJ curveball with special master decision 'Special Master' for Hire: Must Keep Secrets, Ignore Trump's Barbs After flurry of recent developments, here's where things stand in the Mar-a-Lago probe A Return to the Classification Status of Trump's Mar-a-Lago Documents Mar-a-Lago a magnet for spies, officials warn after nuclear file reportedly found
(DBN)

Jan. 6 rioter turned in by ex-girlfriend sentenced to 9 months in prison 'Complete and Utter Nonsense': Judge Denies '11th Hour' Request from Oath Keepers Leader Stewart Rhodes to Switch Lawyers, Delay Trial
(DBN)

Trump Lawyer Alina Habba Complains Of 'Litigious' Prosecutors Trying To Frame Her Client For The Crime Of Having A Messy Office
(DBN)

Judge rankled by Jan. 6 committee push for executive privilege ruling in Meadows case Jan. 6 Committee Tells Court Mark Meadows Must Comply With Subpoena
(DBN)

The Dry Run: The Ouster of a County Official as an 'Insurrectionist' Creates Ominous Precedents for Trump A Long-Shot Push to Bar Trump in 2024 as an 'Insurrectionist'
(DBN)

After Being Pardoned by Trump in Federal We Build the Wall Fraud Case, Steve Bannon Reportedly Faces Related State Charges Bannon to Surrender on NY Criminal Charges After Trump Pardon 'They Will Have to Kill Me First': Bannon Drops Wild, Defiant Statement In Response to Potential Criminal Indictment Dark Money Group in Alleged Bannon Scam Dinged by IRS How Steve Bannon Faces NY 'Wall' Prosecution After Trump Pardon
(DBN)

All the former president's lawyers (that we know of)
(DBN)

Federal judge rules employers not required to cover HIV PrEP if they have religious objections
(DBN)

How New U.S. Laws Could Trip up Voters This November
(DBN)

Anti-Abortion Activists and 2 Unborn Children File Novel Petition with Supreme Court Seeking to 'Clarify' Whether Fetuses Have Standing to Sue in U.S. Courts Democratic attorneys general candidates rake in donations post-Roe Michigan judge: State's 1931 anti-abortion law is unconstitutional Child Rape Victims Have 'Options' and Other Wild Things the GOP Says About Abortion
(DBN)

Support for Legalized Abortion Grows Since Dobbs Ruling, WSJ Poll Shows
(WSJ)

Pregnant women held for months in one Alabama jail to protect fetuses from drugs
(DBN)

Texas State Police Deflect Blame, Downplay Their Role in Uvalde Shooting Failures
(DBN)

Florida's Anti-Woke Law Is So Bad For Free Speech That Teachers Are Having A Hard Time Constructing Curricula Around It Florida Student and Professor Sue Education Commissioner Over 'Stop WOKE Act,' Alleging First Amendment Violations
(DBN)

Lawyers for Minnesota Say Derek Chauvin's Request to Vacate His Convictions in George Floyd's Murder 'Says the Quiet Part Out Loud'
(DBN)

Victim and Suspect in 1988 Murder Case Both Identified Through Genetic Genealogy, Authorities Say
(DBN)

New York Man Who Changed His Last Name Allegedly Confesses to 1971 Cold Case Murder of Captain James Tappen Hall in Maryland
(DBN)

Las Vegas Police Search Home of High-Ranking County Official After Journalist Who Reported on Him Was Stabbed to Death Las Vegas official arrested in connection with journalist's death
(DBN)

Texas high school students accused of directing racists chants at Black players during game
(DBN)

US soldier kicked out of Army after FBI says he enlisted to become better at killing Black people
(DBN)

WY: Abuse at Troubled Teen Ranch
(DBN)

Ammon Bundy Refuses to Show Up in Court
(DBN)

Democratic mayors prepare to be next Texas migrant busing targets
(DBN)

Memphis shooting spree leaves 4 dead, 3 wounded
(DBN)

A surprising number of Americans believe these false claims about immigrants. Here are the facts
(DBN)

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Judges:

BK MN: Judicial Law Clerk Opening to U.S. Bankruptcy Judge Kesha Tanabe
(DBN)

Judge agrees to parental-leave continuance after denying three requests, warning of sanctions
(DBN)

Judge calls Elon Musk's legal team's efforts 'suboptimal' and takes a dig at his decision to waive due diligence on Twitter deal Elon Musk can include whistleblower claims in legal battle over Twitter deal, judge rules Elon Musk Denied Trial Delay in Delaware Court
(DBN)

SCOTUS' Selective Reading of Abortion History
(DBN)

The New Supreme Court Case That Could Make Civil Rights Laws Optional
(DBN)

Five things to know about Aileen M. Cannon, the judge who granted Trump a special master
(DBN)

Telling My Grandkids Judge Aileen Cannon Was Just Andy Kaufman Doing A Bit
(DBN)

Alito's financial disclosure shows teaching income, speaking engagements, and stock ownership
(DBN)

Supreme Court strikes out its own team ahead of 2022 elections
(DBN)

Amicus Filings On The Shadow Docket
(DBN)

Positive Views of Supreme Court Decline Sharply Following Abortion Ruling
(DBN)

Likely prospects for Biden's two-year judicial appointment total
(DBN)

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Wall Street:

Stock futures are little changed after Wednesday's rebound rally
(DBN)

Interactive's CEO Says S&P 500 Could Fall 16% Before Bottom
(DBN)

Deutsche Bank Strategists See 25% Stock Slump If Recession Hits
(DBN)

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Layoffs:

Mercedes-Benz to lay off 3,600 workers in Brazil
(DBN)

Pharmacy startup Medly to slash nearly half its workforce
(DBN)

Cancellation of 'Full Frontal with Samantha Bee' brings layoffs to Norwalk production office
(DBN)

Proptech firm Juniper Square lays off 14% of staff
(DBN)

Bakersfield Heart Hospital: More than 100 staff layoffs
(DBN)

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Movie Theaters:

Cineworld Files for Bankruptcy in Bid to Cut $5 Billion Debt Cineworld files for bankruptcy, AMC CEO praises retail investors World's second-largest movie theater chain files for bankruptcy AMC CEO reacts to Cineworld bankruptcy How Will Cineworld Bankruptcy Impact Ticket, Subscription Prices? Cineworld begins bankruptcy process in the U.S. Big theater chain files for bankruptcy due to massive debt Lionsgate's Michael Burns Says "I Do Think Studios Will Get Paid" By Cineworld As Hollywood Heavyweights Top List Of Bankrupt Theater Chain Creditors Cineworld laments failure to become meme stock in bankruptcy filing Cineplex says it will push on to secure payout from Cineworld despite bankruptcy
(DBN)

Moviegoing won't return to pre-pandemic levels, says former Disney CEO Bob Iger
(DBN)

Cineworld's woes highlight uneven moviegoing recovery
(DBN)

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Politics:

Trump lashes out at would-be 2024 rivals DeSantis and Youngkin as some GOP allies distance themselves from his latest scandal
(DBN)

Most See MAGA as a Threat to Democracy
(DBN)

William Cohen labels Trump a 'clear and present danger to democracy'
(DBN)

Dem governors in the big battlegrounds are looking strong — but the GOP is expanding the map
(DBN)

Nevada could cost Democrats their Senate majority
(DBN)

Senate Republicans point fingers as majority hopes slip
(DBN)

Abbott holds 7-point lead over O'Rourke in new poll
(DBN)

AARP poll finds DeSantis with three-point lead on Crist
(DBN)

Ron Johnson won't back same-sex marriage bill in current form
(DBN)

Schumer Vows Vote on Marriage Equality Bill in 'Coming Weeks'
(DBN)

Violent extremist movement 'boogaloo bois' reemerges on Facebook: report
(DBN)

Michigan GOP leaders encourage rule breaking at poll worker training session
(DBN)

Alarm grows as more election workers leave their posts ahead of Election Day
(DBN)

A QAnon-Touting Election Denier Could Soon Run This Swing State's Elections
(DBN)

Michelle Obama digs at Trump: 'Once our time is up, we move on'
(DBN)

3,300 Texas Were Members of Oath Keepers The Oath Keepers Data Leak: Unmasking Extremism in Public Life
(DBN)

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Economy:

More Americans tapping buy now, pay later services for groceries 'shows the height of personal desperation,' Harvard researcher says
(DBN)

Over half of U.S. workers may be 'quiet quitting'—and it's been that way for decades
(DBN)

Fed Inflation Battle to Spur Greater Economic Harm Than Realized
(DBN)

Market bracing for three-quarter point hike from the Fed this month Fed Traders Steer Toward a 75-Basis-Point September Rate Hike
(DBN)

Fed's Brainard: There's a risk of raising rates too much Fed Vice Chair Brainard vows 'we are in this for as long as it takes' to stop inflation
(DBN)

Economy Faces 'Generally Weak' Future, Fed's 'Beige Book' Says
(DBN)

Fed's Mester Warns Against Declaring Early Victory on Inflation
(DBN)

The Inflation Factor: How Rising Food and Energy Prices Impact the Economy
(DBN)

Inflation Now Causing Hardship for Majority in U.S.
(DBN)

Fed Report Shows Weak US Growth Outlook With Inflation Cooling
(DBN)

Is the economy growing? Depends on how you measure it
(DBN)

State and Local Jobs May Take Until 2026 to Recoup Pandemic Losses
(DBN)

Manchin says leadership pledged permitting reform in stopgap funding bill
(DBN)

Potential rail strike threatens to kneecap US economy ahead of midterms Biden administration jumps into rail, union talks hoping to avert strike
(DBN)

Is now the right time for Millennial and Gen Z workers to switch jobs?
(DBN)

EU to Consider Emergency Power-Use Cuts, Price Caps, Profit Grab Baltic States Aim for Russian Visa Ban by Mid-September Citi Says High Europe Gas Prices to Stay Until Later in Decade Europe Faces Even Tougher Winters Ahead From Putin's Gas Squeeze EU Windfall Tax Would Deter Energy Supplies, ConocoPhillips Says European Sugar Plants Start Early to Beat Worst of Energy Crisis European Utilities Rally on Plans to Cap Soaring Power Prices German economy minister under fire as German companies sound alarm on energy prices Some Germans are resorting to cold showers and air-drying laundry as Russian energy cuts send electricity bills skyrocketing 600% Bankruptcy stay for Nord Stream 2 pipeline firm extended Europe Is Buying All The Russian Oil It Can Before Banning It EU to put the brakes on energy prices New British PM Liz Truss announces a cap on energy bills to combat cost-of-living crisis Putin threatens to let Europe 'freeze' over winter, raising risk of energy rationing The U.S. can't solve Europe's energy crisis Germany Vows to Aid Companies Hobbled by Putin's Energy Squeeze JPMorgan Has Emergency Energy Plans for Offices, Executive Says India Says Share of Russian Oil in Total Purchases Jumped 6 Fold EU's Ban on Russian Fuel to Spark a Jump in Global Tanker Demand Zurich Cuts Swimming Pool Temperatures to Save Energy All Eyes Turn to Ukraine Gas Link as Russia Squeezes Europe Europe's Wave of Floating Gas Terminals Kicks Off in Dutch Port
(DBN)

Bankers Plot US Risky-Credit Comeback as Europe Left in the Cold
(DBN)

Travel Industry Revival Shows US Consumers Are Willing to Spend
(DBN)

US Trade Gap in Goods, Services Narrows for a Fourth Month Trade Deficit decreased to $70.6 Billion in July
(DBN)

Even the anti-Goldman wants more employees in the office
(DBN)

Bank of America to issue revamped office-return policy in 6-8 weeks
(DBN)

BlackRock CEO Larry Fink vows 'harder line' in bringing workers back to office
(DBN)

Mark Cuban slams Elizabeth Warren over billionaire tax proposals: 'Screw you'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Homeowners lose wealth as rising interest rates weigh on home values
(DBN)

US Consumers See Home Prices Falling for First Time Since 2020
(DBN)

Why "zero-down" mortgages are gaining ground
(DBN)

Black Knight Mortgage Monitor: "Total market leverage was just 42% of mortgaged homes' values, the lowest on record"
(DBN)

Fed's Beige Book: "Residential real estate conditions weakened noticeably as home sales fell in all twelve Districts"
(DBN)

Home prices plunge most in a decade as mortgage rates surge
(DBN)

City of Rock Hill demands jury trial in failed Panthers project bankruptcy proceeding 'Fraudulent intent': City of Rock Hill seeks $20 million for abandoned Panthers project
(DBN)

Cities Where Home Prices Are Dropping
(DBN)

The American City Where Home Prices Are Rising Fastest
(DBN)

Florida homeowners will see new surcharge on insurance bills to cover insolvent companies
(DBN)

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Municipalities:

Puerto Rico economic activity index down three of last four months
(DBN)

Puerto Rico board files possible final HTA plan of adjustment
(DBN)

2022's Most & Least Ethnically Diverse Cities in the U.S.
(DBN)

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Oil/Gas:

Oil-Supply Woes Mount as US Cuts Production Forecast Again
(DBN)

Oil slides to fresh seven-month lows as selloff deepens
(DBN)

California Blackout-Risk Spurs Diesel Demand for Generators
(DBN)

Oil Slumps Below $85 for First Time Since January on Demand Fear
(DBN)

Manchin Plan to Fast-Track Energy Projects Heads for Showdown
(DBN)

U.S. power use to reach record high in 2022 as economy grows -EIA
(DBN)

EVs aren't straining the electric grid — and they just might save it
(DBN)

Natural Gas Buyers Hoarding Fuel at Sea to Prepare for Winter
(DBN)

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Labor:

Starbucks forced to rehire 7 fired Memphis workers who led union effort
(DBN)

US faces biggest strike ever as 350,000 UPS workers demand better conditions - even though its package delivery drivers already earn up to $95,000-a-year
(DBN)

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Student Debt:

'There's a lot of people celebrating prematurely': GOP may look to block student loan forgiveness
(DBN)

Sen. Warren encouraging release of student loan bankruptcy guidance
(DBN)

Biden's Misfire on Student Loans
(DBN)

____________

Banking:

BofA Goes to Trial Over 'Worst of the Worst' 2008 Subprime Loans
(DBN)

Federal Reserve's new bank cop lays out regulatory agenda
(DBN)

Fed's Barr Says More Scrutiny of Bank Mergers Will Be a Priority
(DBN)

Black woman, 71, sues Fifth Third over alleged refusal to cash check
(DBN)

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Tech:

Judge Slams Musk for Not Handing Over Texts in Twitter Fight
(DBN)

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Mining:

Cash-strapped Great Panther files for creditor protection, idles Brazil mine
(DBN)

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Retailing:

With volatility and recession talk everywhere, what are retailers' actual financial risks?
(DBN)

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Food/Beverage:

Restaurant Performance Index was down 0.5% in July
(DBN)

Restaurants need to make some noise about 'quiet quitting'
(DBN)

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Healthcare:

With the Watsonville hospital sale complete, the work of public representation begins.
(DBN)

Struggling Iowa chain inches closer to sale with pending CMS debt resolution
(DBN)

New York lifts mask mandate for public transit, including subways
(DBN)

Startup Choix Will Sell Abortion Pills to Patients Who Aren't Pregnant
(DBN)

Senate GOP Opposes Biden Request for Covid, Monkeypox Funds
(DBN)

Stress, Anxiety Boost Chances of Getting Long Covid, Study Finds
(DBN)

Texas Judge: Letting Gay Men Die Is Religious Freedom
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (117 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

BK WD NY: Updated Case Data - Month Ending August 2022
(DBN)

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UST:

Post-Siegel Fallout: The Tenth Circuit Orders United States Trustee Program to Refund Chapter 11 Debtors' Overpayment of United States Trustee Fees
(DBN)

Q&A With Mary Ida Townson
(DBN)

Ensuring "Access" and "Justice:" USTP's Enforcement Guidelines for Bifurcated Fee Agreements
(DBN)

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Bankruptcy Strategy:

How Giant Corporations Are Using Fake Bankruptcies to Hang Consumers Out to Dry
(DBN)

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Bankruptcy Research:

Consumer Bankruptcy, Mortgage Default and Labor Supply
(DBN)

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Litigation Finance:

Litigation Fund Fight Shows Albatross Lurking in Win-Win Deals
(DBN)

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Aviation:

Travel Demand Is Soaring Even as Summer Comes to an End, United Airlines Says
(DBN)

MD Helicopters Emerges from Bankruptcy
(DBN)

FAA Tightens Boeing Design Oversight Following 737 Max Crashes
(DBN)

Romania's Blue Air grounded amid government concern over debt
(DBN)

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Insurance:

Jury rules for Baylor in dispute over business-interruption coverage for COVID losses
(DBN)

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Education:

Americans' Satisfaction With K-12 Education on Low Side
(DBN)

New York City Schools Reopen as Budget Woes Replace Covid Fears
(DBN)

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Crypto:

Crypto Lender Celsius Misled Investors, Vermont Regulator Says
(DBN)

Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
(DBN)

Celsius Bankruptcy: Regulator States How Celsius Manipulated CEL Token Price
(DBN)

State securities regulators seek more transparency in Celsius crypto bankruptcy
(DBN)

Bankrupt Crypto Lender Voyager Digital Heads to Auction Block
(DBN)

Investor Who Made 1,700% on Mt. Gox Circles Crypto Again
(DBN)

Mt. Gox creditors fail to set repayment date, but markets to remain unaffected
(DBN)

7 Critical Events in the Celsius Bankruptcy Case
(DBN)

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Climate:

California's power grid holds up, so far, during record heat wave California Averts Blackouts in Power Emergency as Heat Lingers A Text Alert May Have Saved California From Power Blackouts California Avoids Blackouts, But Some Cities Didn't Get the Message
(DBN)

U.S. firefighters battling 66 large fires face "critical" conditions
(DBN)

Five things to know about the brutal California heat wave
(DBN)

First it was wildfires, then a scorching heat wave in California and now a looming hurricane
(DBN)

California wildfires kill 4 over Labor Day weekend amid record-breaking temperatures Fairview Fire at 5,000 acres, 5% contained with 2 fatalities
(DBN)

Parts of Pakistan look "like a sea" as country copes with deadly floods
(DBN)

Five ways California is changing to handle rising temperatures
(DBN)

California's Wine Country Faces Climate Tipping Point
(DBN)

Europe's Brutal Summer of 2022 Was the Hottest on Record
(DBN)

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Sovereigns:

United States backs Sri Lanka's debt restructuring effort
(DBN)

China debt restructuring policy under scrutiny as more countries demand relief
(DBN)

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UK:

Energy bills: Tens of thousands of firms 'face collapse' without help
(DBN)

Liz Truss Announces Cap on Energy Bills for Households and Businesses
(DBN)

British pound falls to its lowest level against the dollar since 1985 Pound Falls to Weakest Level Since 1985 Against the US Dollar
(DBN)

Biden-Truss Era Begins With Caution, Doubt and Silence on Trade
(DBN)

Truss Rules Out Funding UK Energy Support With Windfall Tax
(DBN)

Struggling Seaside Town Shows Challenges for New U.K. Leader
(DBN)

Government Says State Control on Table for UK Rail Firm Avanti
(DBN)

Lloyd's of London to Pay Some Staff £2,500 Cost of Living Bonus
(DBN)

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Canada:

Canada mass stabbings suspect dies in custody, police say
(DBN)

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MENA:

Gulf nations ask Netflix to drop content that "contradicts" Islamic values
(DBN)

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Russia:

Wheat Prices Surge as Putin Assails Ukraine Grain Deal Putin threatens to restrict Ukrainian grain exports for Europe Putin's Attack on Ukraine Grain Deal Stokes Food Inflation Fears
(DBN)

Ukrainian forces aim to retake Kherson by year's end as gains made in south, US and Ukrainian officials say Ukraine's military chief warns of 'direct threat' of Russian nuclear weapons Most-Accurate US Artillery Shell Is Quietly Added to Ukraine Aid
(DBN)

Where Military Aid to Ukraine Comes From
(DBN)

Putin's Attack on Democracy is Working. Just Look at the EU
(DBN)

Washington hits back at 'desperate' Putin after he slammed U.S. 'dictatorship'
(DBN)

Blinken Arrives in Kyiv in New US Show of Support for Ukraine
(DBN)

Biden to Host Call Thursday With Allies on Support for Ukraine
(DBN)

____________

China:

Chengdu Extends Lockdown in Most Areas to Curb Covid Spread Chengdu Lockdown Extended Indefinitely
(DBN)

Chinese Developers Are Facing a Flurry of Winding-Up Lawsuits
(DBN)

More US Lawmakers Visit Taiwan as Shows of Support Rise
(DBN)

China state firms takeover Evergrande's $1.1 billion holding in Shengjing Bank
(DBN)

BMW's Chinese partner woes are a warning to rivals
(DBN)

China's trade falters as demand wanes at home, abroad amid rising inflation
(DBN)

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India:

From the U.S. to China, Major Economies Are Stalling. But Not India.
(DBN)

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Norway:

Norway's Economy Unexpectedly Contracts in July on Lower Spending
(DBN)

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Greece:

Greece warns another European war could be on the horizon as Turkey hints at the possibility of an invasion
(DBN)

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Spain:

Insolvency Proceedings Jump by 45% In August
(DBN)

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Hong Kong:

Potential Costs Exposure for Directors of an Insolvent Company Wound Up in Hong Kong for Causing the Company to Oppose a Winding-Up Petition
(DBN)

Hong Kong Orders Five-Year-Old Children to Prove Vaccination For Restaurants, Indoor Venues
(DBN)

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