September 9, 2022

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Some law firms are 'pulling back the throttle' on hiring as expenses rise and deal work slows
(DBN)

Hiring Freezes And Stealth Layoffs Hit Top 50 Biglaw Firms
(DBN)

Your First Chapter as a Chapter 11 Attorney
(DBN)

How Jones Day protected Abbott Labs in baby formula lawsuits
(DBN)

AT&T Must Stand Trial on 'Rare' SEC Enforcement Action Accusing Company of Giving Non-Public Information to Analysts at 20 Wall Street Firms
(DBN)

Lawyer Donates Another $50M To Get Second Law School Named After Him
(DBN)

When Is Enough Enough?
(DBN)

DOJ court filing says Bass Berry lawyer 'lacked professional courtesy' in discovery dustup
(DBN)

So This Is Where All The Conservative Law Professors Are Hiding
(DBN)

Which law schools have the highest percent of full-tuition scholarships?
(DBN)

Simpson Thacher lawyer suspended for shirtless fight challenge
(DBN)

Baker McKenzie splits from its top UAE partner after homophobic views aired
(DBN)

Freshfields seeks a Jedi, a wizard, and a Corsican pig farmer
(DBN)

Slew of firms hike NQ pay (but Kirkland and Latham confirm theirs are not on £182k)
(DBN)

Advocates are helping Afghans apply for asylum and other immigration relief with ABA assistance
(DBN)

Bannon charged with money laundering in border wall fundraising case Officials say Bannon was 'architect' of defrauding scheme Steve Bannon and 'We Build the Wall' Both Charged with Money Laundering, Conspiracy and Scheming to Defraud Trump Supporters Steve Bannon, Ushered into Criminal Court Handcuffed and Smirking, Pleads Not Guilty to Border Wall Fraud Claims
(DBN)

Trump Save America PAC formation and spending eyed by federal grand jury, reports say
(DBN)

U.S. Justice Department, Trump team due Friday to file list of special master candidates Almost half say Trump should face charges in connection with seized documents: poll Former FBI assistant director says Trump could have kept hold of a foreign country's nuclear secrets because they had 'the highest price tag' for classified info DOJ appeals judge's special master ruling DOJ Appeals Mar-A-Lago Special Master Order On Grounds Of 'Umm, You Know We're Part Of The Executive Branch, Right?' U.S. reveals more classified records may be missing in Trump probe DOJ warns judge that delaying the FBI's Trump investigation is a national security risk
(DBN)

Trump's DOJ pushed for legal action against John Kerry, says ex-US attorney Trump's Attempt to Politicize the DOJ
(DBN)

FBI shifts focus of Jan 6 investigation to Trump's inner circle as prosecutors subpoena former president's aide 'This Is What a Revolution Motherf***ing Looks Like': Texas Man Who Stormed Capitol on Jan. 6 Receives Long Probation Term, No Jail
(DBN)

DHS issues final rule to rescind Trump's "public charge" policy
(DBN)

DC mayor declares public emergency over busloads of migrants
(DBN)

Record number of migrants die at southern border
(DBN)

ACLU Sues Over Indiana Abortion Law ML Court Rules Abortion Must be on the Ballot
(DBN)

1 in 4 now fear attacks near their homes: poll
(DBN)

Ohio Woman Charged with Murder After 'Sickening' and 'Stunning' Vehicular Homicide Outside Kroger Caught on Video
(DBN)

Murder Suspect's Mom Reportedly Turns Son in After Recognizing Him in News Reports
(DBN)

Elected Official Linked to Las Vegas Reporter's Murder Through DNA, Shoes and Straw Hat: Police DNA evidence links Las Vegas official to murder of reporter: police
(DBN)

The Most and Least Safe States in America
(DBN)

'No rings, no guests': supreme court fears spur LGBTQ 'shotgun' weddings
(DBN)

______________

Judges:

Judge John E. Waites (Retired) to Receive the 2022 American Inns of Court Bankruptcy Inn Alliance Distinguished Service Award
(DBN)

Trump special master ruling 'troubling,' legal experts say
(DBN)

State chief justices oppose 'independent state legislature' theory in Supreme Court election case State judges offer rare input as high court tackles redistricting case
(DBN)

U.S. Senate confirms Biden appellate judge pick opposed by home state senators, article with image
(DBN)

______________

Wall Street:

U.S. stock futures point to third day of gains ahead of next week's inflation report
(DBN)

Dow swings 460 points in hectic session as stocks see first back-to-back gains in 2 weeks
(DBN)

US stocks dip after the ECB hikes rates and Fed Chair Powell backs hawkish stance
(DBN)

BofA Says 'Appalling' Mood Fuels $11 Billion US Stocks Exodus
(DBN)

______________

Layoffs:

Nation's third-largest wholesale lender has filed notices totaling 913 layoffs by Nov. 1, but there could be more.
(DBN)

Columbia tech company BigBear.ai to lay off 7% of its staff amid cash flow issues
(DBN)

Troubled tech firm Avaya is laying off workers
(DBN)

______________

Climate:

The clean hydrogen energy economy could happen this decade, thanks to climate bill
(DBN)

Rising Seas May Take Out 650,000 US Homes
(DBN)

In photos: Dozens of large wildfires ravage western U.S. U.S. firefighters battling 71 large fires face "critical" conditions
(DBN)

Rising heat pushing key earth systems toward collapse: study
(DBN)

Final Water Solution for Las Vegas NM Could be Years Away
(DBN)

World on brink of five 'disastrous' climate tipping points, study finds
(DBN)

____________

Autos:

"Wholesale Used-Vehicle Prices Decline Substantially in August"
(DBN)

Renault: The Era of Cheap Cars is Over
(DBN)

____________

Education:

WVa university graduates' transcripts blocked after closure
(DBN)

Princeton extends full tuition, housing aid to students in families earning up to $100K
(DBN)

____________

Crypto:

Crypto Considerations in Bankruptcy Plans of Reorganization
(DBN)

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

Celsius, Creditors Agree to Independent Government Probe, Call for Narrowed Scope
(DBN)

Coinbase bankrolls suit against Treasury Department after crypto sanctions
(DBN)

Crypto Lender Celsius Network Ran A Ponzi Scheme For Years? That's What Bankruptcy Filings Imply
(DBN)

Following its bankruptcy, Voyager Digital will sell its last assets this month
(DBN)

The Energy Drain of Crypto Mining
(DBN)

___________


Economy:

Weekly Initial Unemployment Claims decrease to 222,000
(DBN)

U.S. consumer credit growth moderates in July
(DBN)

A surging U.S. dollar is already sending 'danger signals,' economists warn
(DBN)

What if we're fighting inflation all wrong?
(DBN)

Fed Chair Powell vows to raise rates to fight inflation 'until the job is done'
(DBN)

Goldman Sachs raises its Fed rate hike forecast to 75 basis points for September as Fed officials push hawkish messages
(DBN)

Fewer Americans listing inflation as top issue in elections: survey
(DBN)

Deflation — Not Inflation — Is the Real Concern
(DBN)

The Fed is making a big mistake with its outsized interest rate hikes as inflation turns into deflation, Ark's Cathie Wood says
(DBN)

The Fed won't get back to 2% inflation without sparking a serious depression, Interactive Brokers chairman Thomas Peterffy says
(DBN)

Deadline to avoid rail strike which could cost economy $2 billion a day is near
(DBN)

China and India bought $9 billion worth of additional Russian crude in the 2nd quarter, undercutting the West's attempt to squeeze Moscow's finances Top LNG supplier to Europe warns this winter 'could be really, really tight' amid global supply crunch Russian oil is still flowing to Europe as dozens of vessels have made ship-to-ship transfers off the Greek coast since the invasion of Ukraine, report says JPMorgan and Deutsche Bank are rationing hot water and turning down the lights ahead of a chilling winter as banks prep for Europe's energy crisis Putin's Energy Weapon Is Backfiring EU Short of Energy, Anger Grows at Germany
(DBN)

Shock waves hit the global economy, posing grave risk to Europe
(DBN)

Yellen touts boost, "fairness" from Biden economic policy wins
(DBN)

Yellen pledges to target high-earning Americans in bid to keep U.S. finances on 'sound footing'
(DBN)

'When hiring slows, Black workers get pushed so far back that they drop out': Why the Fed's rate hikes are threatening Black workers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Leading Index for Commercial Real Estate "Dips" in August
(DBN)

Finally, good news for home buyers: Monthly house prices fall for the first time since December 2018
(DBN)

Mortgage rates march towards 6%, reaching highest level since 2008 — but there is some good news for home buyers
(DBN)

'No sign of a rebound': Mortgage applications hit 22-year lows, as home buyers pull back
(DBN)

Homebuilder Comments in August: Increased Incentives Helping Sales, "Construction cycle time has improved"
(DBN)

Water will still flow as deal seeks to force financially troubled landlord out of Indiana apartment market
(DBN)

____________

Municipalities:

You'll need to solve Puerto Rico's debt crisis to win this new board game
(DBN)

____________

Oil/Gas:

Oil Heads For Another Week Of Losses As Recession Fears Mount
(DBN)

All Eyes On OPEC+ As Oil Prices Drop Below $90
(DBN)

Oil Futures Signal Death Cross
(DBN)

Oilfield Equipment Prices Poised for Comeback
(DBN)

GM is betting on its electric Equinox, starting at $30,000, to kick-start 'massive adoption' of EVs
(DBN)

A Worrying Indicator Of Looming Oil Demand Destruction
(DBN)

____________

Retailing:

Inflation fears spur shoppers to get an early jump on the year-end holidays
(DBN)

____________

Student Debt:

Why we should link student loan forgiveness to national service
(DBN)

Sen. Dick Durbin wants student loan borrowers to have option of filing bankruptcy for loans
(DBN)

____________

Accounting:

Deloitte, KPMG say have no plans to split even as EY announces separation
(DBN)

____________

Awards:

Top 100 Restructuring Professionals
(DBN)

____________

Guns:

Smith & Wesson's sales plunge to lowest level in 13 years, stock falls toward 2-year low
(DBN)

____________

Fraud:

Elizabeth Holmes asks for new trial again, says US shifted stance on abuse claims
(DBN)

____________

Politics:

Schumer in tough spot over Manchin promise Sanders vows to oppose controversial Schumer-Manchin side deal
(DBN)

Trump controversy sparks scramble for McConnell, Senate GOP
(DBN)

Trump Aligned PAC Hit with Subpoenas
(DBN)

GOP donor pool unexpectedly shrinks as midterms near
(DBN)

Lost Cause: Dennis Prager Claims There Were 'Many Nice Slaveholders in the South'
(DBN)

____________

Gambling:

NFL and college football betting projected to set record at $31 billion this season
(DBN)

____________

Labor:

Amazon's CEO still isn't accepting the historic Staten Island union victory
(DBN)

____________

Nursing Homes:

Regulators try to stop unlawful nursing home debt collection
(DBN)

____________

Utilities:

LUMA Energy besieged by investigations, bankruptcy proceedings and constant problems at PREPA
(DBN)

____________

Healthcare:

New York's swelling Medicaid rolls are helping bankrupt Brooklyn's biggest hospital
(DBN)

Why CVS is spending $8 billion to bring back physician house calls
(DBN)

Obamacare is under attack by Republican judges again. Here's what's at stake.
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (18 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:

Large Corporate Bankruptcy Filings Continue to Fall
(DBN)

______________

Mass Torts:

Boy Scouts of America's Bankruptcy Plan Is Approved Boy scouts on path to exit bankruptcy after $2.46 billion sex abuse settlement approved Boy Scouts plan to exit bankruptcy approved, signaling end to largest sex abuse case of its kind
(DBN)

Non-Debtor Parents Beware: Bankruptcy Court Denies Extending MDL Injunction
(DBN)

More Bad Courtroom News For 3M -- What Might it Mean for Investors??
(DBN)

____________

Solvent Debtors:

Ninth Circuit Rules That the Solvent Debtor Exception is Alive and Well in PG&E
(DBN)

____________

Claims Trading:

Trade Alert
(DBN)

____________

Debt:

Changing Views on Pension Plan Loans in Bankruptcy— Is it a "Debt"?
(DBN)

____________

Discharge:

Second Circuit Adopts Continuous Concealment Doctrine in Bankruptcy Proceedings
(DBN)

Bankruptcy Discharge Trumps PACA, But Does It Really?
(DBN)

____________

Safe Harbors:

U.S. Bankruptcy Code Safe Harbors Protect Against Foreign Law Avoidance Claims under Chapter 15
(DBN)

____________

Movie Theaters:

Regal Cinemas owner to cut theater leases in bankruptcy process
(DBN)

Cineworld Explored Sale, SPAC and 'Meme' Listing Before Bankruptcy
(DBN)

Cineworld receives approval for 'first day' relief from US bankruptcy court
(DBN)

Cineworld Bankruptcy Judge Dangles 20% Yield on Fresh Cash
(DBN)

Sparks Fly Over Cineworld Bailout, But Judge Says: "I'm Not Going To Sleep Until We Get Those Employees Paid"; Bankrupt Chain Has Just $4M Cash On Hand
(DBN)

UK's Cineworld gets nod to access about $785 mln financial aid, shares jump
(DBN)

Cineworld's Woes Highlight Uneven Moviegoing Recovery
(DBN)

____________

Bankruptcy Alternatives:

Judicial Supervision Over ABCs: A Problem
(DBN)

____________

Cannabis:

Liberals push Biden on marijuana reform ahead of midterm momentum
(DBN)

____________

Banking:

Citigroup wins appeal over mistaken Revlon wire transfer Citigroup's $500 Million Blunder Ends in Victory for the Bank
(DBN)

FDIC: Problem Banks Unchanged, Residential REO Decreased Slightly in Q2 2022
(DBN)

____________

Sovereigns:

Pari Passu Lost and Found: The Origins of Sovereign Bankruptcy 1798-1873
(DBN)

____________

UK:

Queen Elizabeth II of Britain, world's longest-serving monarch, dies at 96 Queen Elizabeth II: A life in pictures Pelosi orders Capitol flags at half-staff to honor Queen Elizabeth A look at Queen Elizabeth's 'special relationship' with Congress Operation London Bridge: Here's what happens after Queen Elizabeth's death The subtle power of Queen Elizabeth II's reign How Queen Elizabeth changed the British monarchy The short, unhappy life of Elizabeth Windsor Now the Queen has died, Charles will be King. Here's what will happen to the British monarchy The world reacts to Queen Elizabeth II's death King Charles III leads Britain in mourning and into an uncertain new era after queen's death King Charles III: The New Monarch How King Charles III might rule
(DBN)

Bankrupt Croydon Council faces new £19m finance black hole
(DBN)

____________

EU:

EU eyes overhaul of debt rules as crises pile up
(DBN)

European Central Bank raises rates by 75 basis points to tackle soaring inflation
(DBN)

____________

Russia:

Kyiv launches surprise counterattacks against Russians while they're distracted Milley: Russian strategic objectives in Ukraine 'have been defeated' World leaders mourn loss of Queen Elizabeth II Every living US president pays tribute to Elizabeth
(DBN)

A Russian soldier speaks out: 'The people are afraid'
(DBN)

US to send $2B to Ukraine, 18 other countries at risk of Russia
(DBN)

Hundreds of thousands of Ukrainians forced to Russia, U.S. claims
(DBN)

Russian Officials Propose Overthrowing Putin
(DBN)

____________

Sweden:

'Make Sweden great again': Far right on the cusp of power
(DBN)

____________

India:

Supreme Court Holds Tax Authorities to be Secured Creditors: Quandary Revived
(DBN)

BAce Capital-backed India-based edtech firm files for bankruptcy
(DBN)

Supreme Court on Interpretation of terms "Operational Creditors" and "Corporate Debtors"- IBC
(DBN)

Corporate Insolvency Resolution Process of Real Estate Company
(DBN)

India's fast GDP growth doesn't mean it's ready for takeoff
(DBN)

____________

MENA:

Egypt Inflation Quickens to 14.6%, Fastest in Almost 4 Years
(DBN)

Who Are the Unhappiest People in the World?
(DBN)

____________

Germany:

Germany fears a wave of insolvencies
(DBN)

____________

China:

Huaxi Village on the verge of bankruptcy, with nearly 40 billion yuan in debt
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $71.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2022