April 10, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

US Legal Job Market Sees First Decline in Six Months
(DBN)

Kirkland's Go-To Law School
(DBN)

Biglaw Training Presentation Says 'You Are Online 24/7' And That's Not Even The Worst Advice
(DBN)

Lawyers Might Resist Settling Some Cases For Ulterior Reasons
(DBN)

Georgia Looms Next After Trump’s Indictment in New York Trump and His Lawyers: A Restless Search for Another Roy Cohn Jordan probes hiring of top Manhattan Trump prosecutor Bragg hits back at House GOP over subpoena for ex-prosecutor in Trump case Trump might try these 3 defense strategies, but none are likely to get the Manhattan DA's case dismissed, experts say Bill Barr Says Trump Should Be ‘Most Concerned’ About This Investigation To Convict Trump on Hush Money Charges, Prosecutors Must Get Into His Head Bill Barr Says ‘Good Chance’ Trump Will Be Indicted For Obstruction — ‘Dug Himself a Hole’ on Docs and Jan 6 Trump’s response to criminal charges revives election lies
(DBN)

DC Circuit Shores Up Obstruction Theory In January 6 Prosecutions Which Threatens Trump Federal appeals court rules felony charge can be used in Jan. 6 cases Appeals court ruling puts hundreds of Jan. 6 felony cases in limbo
(DBN)

Fox asks judge to bar references to January 6 attack at Dominion trial Dominion can force Murdochs to testify at Fox News defamation trial, judge says
(DBN)

In battle with DOJ over classified docs, Senate turns to power of the purse
(DBN)

25,000 cases in one week and a call to arms: Morgan & Morgan’s battle with insurers
(DBN)

Mike Pence Declares Victory And Goes Home ... Via The Grand Jury
(DBN)

Pentagon Investigates More Social-Media Posts Purporting to Include Secret U.S. Documents - WSJ New Batch of Classified Documents Appear on Social Media Sites US investigating whether Ukraine war documents were leaked Leaked Documents Reveal Depth of U.S. Spy Efforts and Russia’s Military Struggles Why Leaked Pentagon Documents Are Still Circulating on Social Media A rare glimpse into the depth of US intelligence on allies and foes US scrambles to find source of leak of Ukraine war intel What Do the Alleged Classified US Documents Contain and Who Leaked Them?
(DBN)

Federal judge rules to freeze use of abortion pill nationwide The Lawless Ruling Against the Abortion Pill Has Already Prompted a Constitutional Crisis Susan Collins' Dire Warning About Matthew Kacsmaryk Proven True Different federal judge bars FDA from changing abortion pill availability How to understand competing medication abortion rulings Abortion pill order latest contentious ruling by Texas judge Biden slams Texas abortion pill ruling as ‘political, ideological’ attack Biden administration appealing Texas judge’s decision blocking abortion pill approval Access to abortion pill in limbo after competing rulings Abortion is on a fast track back to the Supreme Court 7 questions from the Texas ruling on abortion pills A judge suspended FDA approval of an abortion pill. Does the other one work on its own? How abortion pills work and why they're in the spotlight Schumer says Texas abortion pill ruling is about GOP ‘goal of a nationwide abortion ban’ Idaho AG walks back opinion on prohibiting referrals for out-of-state abortions Abortion was a 50/50 issue. Now, it’s Republican quicksand. The issue of abortion medication access could haunt the GOP in 2024 Becerra Says ‘Every Option’ Being Weighed After Abortion Ruling Biden Administration Vows to Fight Texas Abortion Pill Ruling What Is Mifepristone and Why Is It Being Banned in the US? Doctors Question Texas Judge's Ruling
(DBN)

Iowa won’t pay for rape victims’ abortions or contraceptives
(DBN)

Kansas Lawmakers Pass Bill Promoting Unfounded Abortion Reversal, Veto Expected
(DBN)

Transgender girl can stay on team, for now, after SCOTUS denial; action comes as US proposes new Title IX rule
(DBN)

Fed Up With Mayhem, Miami Wants to Tame Spring Break for Good
(DBN)

Six shot on beach in S Carolina as holiday weekend begins
(DBN)

Stabbing of Cash App Creator Raises Alarm, and Claims of ‘Lawless’ San Francisco
(DBN)

US to test expedited asylum screenings at Mexico border
(DBN)

Minnesota man gets 2 years in prison for laser strike on jet
(DBN)

New Mexico man fatally shot by police after they go to wrong address
(DBN)

Woman dies in shootout between police and her alleged kidnapper
(DBN)

Florida man from wealthy family allegedly shot and killed someone for urinating on his strip mall
(DBN)

Biden appeals ruling against ban on gun bump stocks
(DBN)

Army sergeant guilty in fatal Texas shooting of protester Gov. Greg Abbott announces he will push to pardon Daniel Perry who was convicted of murder
(DBN)

School's transgender policy trumped teacher's religious rights, U.S. court rules
(DBN)

Synagogue arsonist pleads guilty to federal hate crime charges
(DBN)

Teens wanted for anti-Semitic Passover attacks in Queens
(DBN)

It was her dream to open a mobile hair salon. But this Black entrepreneur says she was run out of a North Carolina town after her business was spray-painted with the N-word and other slurs.
(DBN)

Teen accused of planning school shooting had manifesto naming people to kill, police say
(DBN)

Steroid-selling ex-Jeffrey Epstein cellmate and cop convicted of executing 4 men, burying bodies
(DBN)

13-year-old leads California police on chase in stolen car and crashes, leaving 1 person dead and nearly a dozen injured
(DBN)

Conn. teachers thought 5-year-old boy who collapsed during recess was just ‘playing dead’: lawsuit
(DBN)

Masked burglars cut through a bathroom wall to break into an Apple Store and steal 436 iPhones, police say
(DBN)

Dad confronts thief at home after tracking daughter's $3K e-bike with AirTag
(DBN)

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Judges:

In defending gifts from billionaire, Clarence Thomas raises more questions Democrats ask chief justice to investigate Clarence Thomas trips: ‘It is your duty’ Clarence Thomas says he ‘was advised’ he didn’t have to disclose trips paid for by GOP donor Justice Clarence Thomas defends 'family trips' with GOP donor Thomas Learned from the First Gift Master Texas billionaire Harlan Crow treated Justice Clarence Thomas to luxury trips that weren’t disclosed Clarence Thomas’s brazen violation of ethics rules, briefly explained Judge That Received Millions In Unreported Gifts Over Two Decades Had The Gall To Sit On A Bribery Case Should 'Cartoonish' Corruption Get You Impeached? Probably! But Clarence Thomas's Job Is Safe Clarence Thomas: Sorry I Got Caught U.S. Supreme Court Justice Thomas' career marked by controversies Clarence Thomas’s special rules Who is Republican donor and Justice Clarence Thomas' friend Harlan Crow?
(DBN)

How John Roberts Lost The Right Wing Of The Supreme Court
(DBN)

Abortion pill order latest contentious ruling by Texas judge
(DBN)

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Wall Street:

Stock futures are stable ahead of key inflation data and the kickoff of earnings season
(DBN)

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Layoffs:

Layoffs are coming, but not in every industry
(DBN)

Healthcare job cuts up 65% from first quarter of 2022
(DBN)

McDonald’s Reduces Some Employees’ Compensation Amid Job Cuts
(DBN)

Publishing company laying off up to 260
(DBN)

As accounting firms embrace AI, should humans be worried?
(DBN)

260 jobs cut as content provider plans closure of Lehigh County site
(DBN)

LumiraDx to lay off about 40% of workforce in cost restructuring
(DBN)

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Autos:

Wholesale Used Car Prices Increased in March, Down 2.4% Year-over-year
(DBN)

Tesla cuts prices on all models, 3rd cut this year
(DBN)

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Skiing:

Small towns reclaim abandoned ski areas as nonprofits
(DBN)

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Student Debt:

Student Loans: Court Allows $6 Billion in Forgiveness Funds To Proceed for 200,000 Borrowers
(DBN)

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Coal:

The Canary in the Coal Decline: Appalachian Household Finance and the Transition from Fossil Fuels
(DBN)

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Crypto:

Recent FTX Email Notices Raise Basic Questions for Customers
(DBN)

Failed crypto exchange FTX's spectacular collapse was due to 'hubris, incompetence, and greed,' says first debtors' report The new team in charge of the FTX bankruptcy have released their first interim report on the failures of control at FTX and related businesses. It's 43 pages long, let's go through it FTX financial controls were a ‘hodgepodge’ of apps, says court filings Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried Thanks Sam! How FTX Led to World’s Worst Crypto Policy FTX Stored Private Keys to Crypto Wallets on AWS, Court Filing Reveals FTX’s lack of financial controls complicates bankruptcy asset recovery, says legal filing
(DBN)

Binance's US Arm Struggles to Find Bank to Take Its Customers' Cash
(DBN)

The Real-World Costs of the Digital Race for Bitcoin
(DBN)

Bankrupt Crypto Lender Celsius to Submit April 12 Filing, Will Have Details on Voting for Restructuring Phase Celsius chooses Novawulfs bid to exit from bankruptcy
(DBN)

Bitcoin Repayments From Mt. Gox Begin, Will It Affect Price?
(DBN)

Vancouver crypto company loses appeal over repaying creditors $2M
(DBN)

Do Kwon's Millions Are Not in South Korea, Prosecutors Say: Report Do Kwon Ordered To Cease Liquidating Millions In Crypto By Prosecutors
(DBN)

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Retailing:

Beloved shoe store and DSW rival to close all stores forever due to bankruptcy after 74 years in business
(DBN)

Shoe City Files for Bankruptcy, to Close All 39 Stores
(DBN)

JCPenney goes back to department store roots to shake retail ‘road kill’ rap
(DBN)

David’s Bridal Is Said to Be Considering Bankruptcy, Again
(DBN)

Bed Bath & Beyond Makes a Last-Ditch Effort to Survive
(DBN)

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Economy:

March Employment Report: 236 thousand Jobs, 3.5% Unemployment Rate Comments on March Employment Report Yields, expectations for rate hike rise after jobs report US adds a healthy 236,000 jobs despite Fed's rate hikes Five takeaways from a strong March jobs report Why the new jobs numbers are a good sign for workers Where jobs were gained and lost in March
(DBN)

Treasury yields fall after data shows U.S. job growth slowed in March
(DBN)

End May Be in Sight for Global Rate-Hike Cycle as Fed Nears Peak
(DBN)

US Consumer Prices Are Seen Staying Firm, Testing the Fed
(DBN)

US inflation data to test market's bets on future Fed easing
(DBN)

Job Market Softens Only a Bit, Keeping Fed on Track for May Hike
(DBN)

Gap Between US Black and White Unemployment Drops to Record Low
(DBN)

US Consumer Prices Are Seen Staying Firm, Testing the Fed
(DBN)

US Consumer Credit Increased in February at a More Moderate Pace
(DBN)

Summers Says Recession Probabilities Rising, Fed Nearing the End
(DBN)

US Bank Lending Slumps the Most on Record
(DBN)

America’s entitlement programmes are rapidly approaching insolvency Fixing Social Security involves hard choices
(DBN)

'The credit crunch has started': Here's what tighter lending standards mean for American consumers and businesses as banks navigate the SVB wreckage
(DBN)

JPMorgan Dimon says storm clouds ahead
(DBN)

Is the US economy 'unwell?' We're about to find out
(DBN)

Bond Market Is Overplaying the Risk of a Deep Recession
(DBN)

He warned about subprime mortgages before 2008, Dodd-Frank in 2010, and inflation in 2020. After Silicon Valley Bank, what does he think is next? - WSJ
(DBN)

The economy is holding up despite signs of slowdown as some wait for the other shoe to drop
(DBN)

Unemployment fell to 3.5% under Biden. For how much longer?
(DBN)

Charted: The remote-work gap The latest on hybrid work: Who is WFH and who isn’t Home-based workers became younger, more diverse in pandemic Hybrid schedules will remain a permanent feature of work in the US, experts predict, but fully remote jobs may become less prevalent
(DBN)

US sanction officials plan missions to clamp down on Russia Russia to Cut Oil Production by 700,000 BPD Nobel economist Paul Krugman says Putin's plot to weaponize natural gas prices is a failure, and Russia's superpower status is a facade Putin’s plundered aircraft not our problem, insurance chief says Russia warns West: we may work around the Black Sea grain deal Western curbs on Russian oil products redraw global shipping map Russia’s Ruble Slides on Capital-Flight Fears- WSJ
(DBN)

AAR: March Rail Carloads and Intermodal Decreased Year-over-year
(DBN)

Class 8 Truck Orders Fell 10% in March
(DBN)

America Is Back in the Factory Business - WSJ
(DBN)

Kids at work: States try to ease child labor laws at behest of industry
(DBN)

Top U.S. shipping gateway mostly closes due to port worker shortage - employer group LA, Long Beach Port Terminals Reopen as Dockworkers Return
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

A different kind of mortgage crisis
(DBN)

Sorry, homebuyers. Houses aren't getting cheaper.
(DBN)

Commercial Real Estate Headed for Major Crisis A $1.5 Trillion Wall of Debt is Looming for US Commercial Properties The coming commercial real estate crash that may never happen
(DBN)

Offices are half-empty. That could be a risk for banks
(DBN)

Most say it’s a bad time to buy a home: survey
(DBN)

Here are the nation’s 20 hottest neighborhoods
(DBN)

The 15 worst places to buy a home if you want it to grow in value
(DBN)

Bankrupt Bay Ridge office building heads to auction
(DBN)

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Municipalities:

A majority of Detroit wants reparations for Black residents. What happens next?
(DBN)

See the fastest growing (and shrinking) U.S. states
(DBN)

Ron DeSantis Takes Aim at Disney, Vows to Void Florida Theme Park Development Agreement
(DBN)

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Oil/Gas:

New rules are aimed at accelerating the transition to electric vehicles - WSJ
(DBN)

US Oil Refiners See Record Q1 Profits
(DBN)

The Biggest Losers Of $100 Oil
(DBN)

Shell: Solar And Wind Are Growing Faster Than LNG Ever Did
(DBN)

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Politics:

Trump Moves to Hire Laura Loomer, Anti-Muslim Activist After Swift Blowback, Trump Campaign Says Laura Loomer Will Not Be Hired
(DBN)

'SNL' has 'Trump' attend Last Supper, compare himself to Jesus
(DBN)

Trump uses footage from New York arraignment in new campaign ad
(DBN)

How a tight circle of aides is trying to keep Trump out of (more) trouble
(DBN)

'Buckle up': DeSantis escalates Disney dispute, eyes hotel taxes and road tolls Bob Iger Outsmarting Ron DeSantis Is a Master Class in Taking on Bullies
(DBN)

Why Republicans are in trouble
(DBN)

McCarthy faces far-right blowback after N.Y. Times leak Kevin McCarthy’s blame game sweeps Capitol Hill Tensions between House GOP leaders complicate hopes of passing crucial bills
(DBN)

Tennessee becomes new front in battle for American democracy Tennessee underscores role of state legislatures as political battlegrounds CNN’s Van Jones in tense exchange with GOP Tennessee state lawmaker: ‘Why are you being so unreasonable?’ Majority of Nashville Metro Council to vote to reinstate expelled member VP Harris Meets with Tennessee Three Expelled Tennessee lawmaker Justin Jones: I was voted out for being ‘an uppity Negro’ Dems' ouster catapults lawmakers to national political fame Tennessee's House Of Representatives Violated The First Amendment So They Wouldn't Have To Hear Complaints About Children Being Gunned Down Obama: Expulsion of Tennessee lawmakers ‘a sign of weakness’ No One Should Be That Shocked by What’s Happening in Tennessee A study confirms it: Tennessee’s democracy really is as bad as the expulsions made you think Nashville council to vote on restoring expelled Tennessee lawmaker
(DBN)

‘I was screaming before you interrupted me’: American politics has become amplified rage
(DBN)

A dizzying, divisive week in politics spotlights America’s raging battle
(DBN)

Raskin reveals Oversight Republicans have quietly sent six subpoenas in probe of Biden family finances House Oversight Democrats say Chairman Comer held back evidence, misled on witnesses
(DBN)

‘A backwards betrayal’: Biden Title IX proposal draws criticism from LGBTQ community Biden sports plan angers transgender advocates, opponents
(DBN)

Inside the Ku Klux Klan’s Plan to Conquer America
(DBN)

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Religion:

Predictions about the decline of Christianity in America may be premature
(DBN)

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Tech:

Future Chapter 11 Bankruptcy Filing: Elon Musk's Twitter Inc.?
(DBN)

Can We No Longer Believe Anything We See?
(DBN)

Twitter Files Journo Matt Taibbi Ditches Twitter Over Latest Musk Move – But Leaving ‘Will Come With a Price’
(DBN)

Elon Musk's Twitter is now recommending Kremlin-linked accounts to users after restricting them last year, tests suggest
(DBN)

Twitter faces a whopping fine in Germany which is more than its net worth
(DBN)

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Celebs:

Boris Becker: UK bankruptcy fraud prison sentence was ‘brutal’ experience
(DBN)

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Agribusiness:

Judge approves request to hire attorneys, accountants in Garcia Grain bankruptcy
(DBN)

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Movie Theaters:

AMC Entertainment's $100 mln settlement snafu is cautionary tale: Judges want their say
(DBN)

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Labor:

Apple Issues New Warnings To Store Employees Over Unionization — Here's What You Should Know
(DBN)

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New Bankruptcy Opinions
(0 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 (4 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:

Corporate bankruptcies jumped in Q1
(DBN)

Firms file for bankruptcy at fastest rate since 2010
(DBN)

Hawaii bankruptcies leveling off, but attorneys foresee uptick
(DBN)

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Mass Torts:

Lightning Round: LTL Management Files “Chapter 22” Case Immediately Following Bankruptcy Court’s Dismissal of its Prior Bankruptcy
(DBN)

Johnson & Johnson tries once again to settle talc claims through 'Texas two-step' bankruptcy
(DBN)

Plaintiff lawyers say talc kills. So how do they represent future victims?
(DBN)

Maryland parish was home to a dozen priests accused of child sexual abuse
(DBN)

____________

Aviation:

Officials mum on dates for 2023 spaceflights after Virgin Orbit bankruptcy Virgin Orbit Bankruptcy: What Went Wrong Virgin Orbit's would-be white knight and a $200 million rescue that fell flat
(DBN)

Passenger handcuffed over a pre-flight drink tantrum: ‘Like a 5-year-old’
(DBN)

____________

Education:

Video shows teacher repeatedly saying racial slur in class and trying to get a student to repeat it
(DBN)

American IQ Scores Have Rapidly Dropped
(DBN)

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Fraud:

Theranos Executive Headed to Prison
(DBN)

Leader of $1 Billion Polygamist Fraud Gets 40 Years in Prison
(DBN)

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Healthcare:

Pear Therapeutics Files for Bankruptcy
(DBN)

Navigating bankruptcy, Clovis reaches deal to sell cancer drug Rubraca
(DBN)

Calmatters: Hospital Closures, Cuts In Services Loom For Some Communities
(DBN)

China Publishes Covid Data
(DBN)

COVID Apr 7, 2023: Update on Cases, Hospitalizations and Deaths
(DBN)

Report: Florida officials cut key data from vaccine study
(DBN)

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Banking:

KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure
(DBN)

Warren, Ocasio-Cortez Write Letters to Major SVB Depositors
(DBN)

Bank Takeover Prevented Swiss Economy Collapse: Minister
(DBN)

What happened at SVB?
(DBN)

SVB Financial Group: A Bankrupt Bank or a Bargain Buy?
(DBN)

Bank Failures: As American as Apple Pie
(DBN)

Banks are closing customer accounts, with little explanation
(DBN)

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Utilities:

Texas’s Plan to Avoid Deadly Blackouts Could Cost $18 Billion
(DBN)

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Climate:

Global progress on phasing out coal in 2022 weighed down by China
(DBN)

The Fed’s Climate Studies Are Full of Hot Air - WSJ
(DBN)

Energy decarbonization requires an all-of-the-above approach
(DBN)

____________

Sovereigns:

U.S. Treasury Secretary Wants IMF To Press Creditors To Finalize Debt Restructurings
(DBN)

Ghana’s bilateral creditors set to clear way for $3bn IMF bailout
(DBN)

Groundbreaking verdict in unpaid Cuban loan dispute Partial success in the old debt dispute
(DBN)

Pakistan Needs to Repay $77 Billion in External Debt in 3 Years; Default is a Real Threat, Says Think Tank
(DBN)

World Bank to Advocate for Changes to Speed Debt Restructuring
(DBN)

____________

UK:

UK Housing Shortage to Deepen as Councils Cut Approvals
(DBN)

A culture of truth denial is wilting US democracy and Britain is following fast
(DBN)

UAE Court Denies South Africa’s Plea to Extradite Gupta Brothers
(DBN)

Police in Northern Ireland disrupt plan for a terror attack to overshadow President Joe Biden's visit this week amid fresh warnings of violence
(DBN)

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EU:

ECB ‘Certainly’ Isn’t Done With Interest-Rate Hikes, Knot Says
(DBN)

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Canada:

Law protecting defined benefit pensions in insolvency could have undesired results: Blakes lawyers
(DBN)

Cannabis carnage continues as former CannTrust enters CCAA protection again, seeks liquidation
(DBN)

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Russia:

Putin prepares for an invasion of Crimea: Beaches are covered with trenches and tank traps to repel an amphibious landing as Zelensky 'prepares spring offensive' Ukraine Says Russia Is Preparing to Evacuate Civilians From Occupied Areas of South
(DBN)

Russia hits illegally annexed Ukraine areas from ground, air
(DBN)

Video catches moment Putin's speech met with awkward silence as he appears to wait for applause that never comes
(DBN)

Russia loses election to three UN bodies over Ukraine
(DBN)

Ukraine claims 'would bankrupt us', says Howden Group boss
(DBN)

____________

China:

China holds military drills around Taiwan after Tsai-McCarthy meeting Chinese military rehearses encirclement of Taiwan China Plans Military Drills Near Taiwan After Tsai’s US Visit
(DBN)

China’s new world order is taking shape
(DBN)

China took on outsized debt relief burden under G20 pandemic aid plan, study finds
(DBN)

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MENA:

Jerusalem is Boiling Over Violence in Tel Aviv leaves one dead and five injured IDF calls up Air Force reservists amid terror attacks, rocket barrages Violence erupts in Israel as tensions simmer after rare airstrikes on Lebanon Israel Palestinian tensions high after deadly attacks Judicial reform protests continue despite terror attacks, security threat Rare Rocket Attacks From Syria Embroil Israel on Another Front Tensions mount at shared Jerusalem shrine after Syrian rockets prompt Israeli counter-strikes
(DBN)

The Deir Yassin massacre: Why it still matters 75 years later
(DBN)

Erdogan: Muslim world must unite against Jewish State
(DBN)

Tehran installing cameras in public places to identify, penalize unveiled women Iran Vows to Prosecute Women, Close Businesses That Shun Hijab
(DBN)

____________

Japan:

Virgin Orbit bankruptcy casts shadow over Japan's space dreams
(DBN)

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India:

IBC rejig: Better realisation for operational creditors
(DBN)

NARCL to step up acquisitions of distressed assets in FY24
(DBN)

As India’s population soars above all, fewer women have jobs
(DBN)

____________

Germany:

Insolvent Department Store Group: Warning Strikes In 19 Galeria Branches
(DBN)

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France:

Europe must resist pressure to become ‘America’s followers,’ says Macron
(DBN)

____________

Indonesia:

SSEK Wins Restructuring Deal Of Year At IFLR Asia-Pacific Awards 2023
(DBN)

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