February 15, 2023

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

3-Column Formating

 

Law:

Lawyer profits at major firms slide with big drop in productivity in fourth quarter of 2022, new report says
(DBN)

Am Law 200 firm cuts lawyers and staffers as it looks at cost-cutting measures • Another Biglaw Firm Institutes A 'Reduction In Force,' Laying Off Attorneys And Staff
(DBN)

For All The Layoff Talk, Most Law Firms Are Holding Steady And Banking On Swift Recovery
(DBN)

In Traditional Law Firms, Remote Lawyers Are Always Second-Class
(DBN)

Lawyers Who Are Highly Stressed Are 22 Times More Likely To Consider Suicide
(DBN)

Half of UK law firm partners would like to start their own firm: survey
(DBN)

Jones Day Took Home Over $100 Million Thanks To A Controversial Bankruptcy Tactic
(DBN)

Dykema Gossett Settles Black Ex-Employee’s Race Bias Suit
(DBN)

Lawyer demands billions after university removes relative's name from building
(DBN)

Wisconsin woman accused of decapitating lover during meth-fueled sex loses it on defense lawyer over murder trial delay
(DBN)

Jan. 6 rioter pleads guilty to attacking police officer • Pence expected to fight subpoena by special counsel investigating Trump • Girlfriend of Proud Boys leader pleaded fifth about plan to occupy government buildings
(DBN)

DOJ Urges Court To Seal Filings Regarding Trump Grand Jury, If Such A Thing Exists, Which They Cannot Confirm Or Deny
(DBN)

Prosecutors Seek Trump Lawyer’s Testimony, Suggesting Evidence of Crime
(DBN)

Trump forced to pay $110K fine in NY AG Tish James' investigation • Judge upholds Donald Trump contempt order, sanctions in New York civil probe
(DBN)

Look Who Isn't Paying His Lawyers (Hint: It's Steve Bannon)
(DBN)

Court Gives Reporters A Peek At GA Grand Jury Report On 2020 Election Interference. But Just A Peek.
(DBN)

Lawyers for Trump and rape accuser square off over DNA offer
(DBN)

Under Trump, Barr and Durham Made a Mockery of the Rules I Wrote
(DBN)

Appeals Court Declines To Dismiss Smartmatic Lawsuit Against Fox News
(DBN)

A former sales director will get more than $86,000 after his boss allegedly said he didn't want a team of 'bald-headed 50-year-old men' who were a 'mirror image' of himself
(DBN)

GOP attorneys general call for scrapping FDA approval of abortion pill • North Carolina attorney general won't defend restrictions on abortion pill • Senate Democrats press White House on abortion access • ‘I Feel Like We’re Backing Up, Instead of Moving Forward’ • Abortion Clinics Prepare for More Chaos With End of FDA-Approved Pill • Republican lawmakers shy away from changing Montana's constitutional right to abortion
(DBN)

Mass shootings leave Americans feeling helpless • A Smarter Way to Reduce Gun Deaths • Biden: ‘Action is what we owe’ those grieving Michigan State shooting • After Michigan State’s Mass Shooting, a Message Demands: ’How Many More?' • Police say Michigan State shooter had note threatening two NJ schools • America’s unique, enduring gun problem, explained • What We Know About the Gunman Behind the Michigan State Attack • Police look into why MSU shooting suspect targeted the school • Suspect turned 'evil and mean' after his mother's sudden death, his father says • Michigan Gunman’s Neighbor Says the Man Fired a Gun in the Backyard
(DBN)

Black Americans hope new awareness of ‘the talk’ can spur police reform
(DBN)

Georgia police officer arrested in connection with death of girl, 16
(DBN)

Petito lawyer says Laundrie's mom wrote letter to her son with an offer to bury a body
(DBN)

U.S. Arrests Three Americans in the Assassination of Haiti’s President
(DBN)

Arrest made 18 years after woman found dead in California river
(DBN)

Federal lawsuit seeks to compel Mississippi sheriff to serve arrest warrant in 1955 lynching of Emmett Till
(DBN)

Feds arrest more than 800 felons in nationwide Operation North Star II raids
(DBN)

Man gets 21 years in prison for stabbing wife in the Ozarks over COVID-19 stimulus check and their children
(DBN)

'I got away' Texas man who bragged on YouTube after recording himself fleeing cops now facing felony charges
(DBN)

Stray bullet killing of innocent NYC mom of 2 sparks arrest of 23 'most dangerous' gang members
(DBN)

Inmate tries to escape prison dressed as farm animal
(DBN)

JonBenet Ramsey case: Boulder police respond to unearthed DNA bombshell
(DBN)

Appliance thieves
(DBN)

Lawmakers targeting drag shows with 14 bills across U.S., analysis finds
(DBN)

Over 100 anti-LGBTQ bills before legislatures
(DBN)

______________

Judges:

Biden hits 100 judicial confirmations
(DBN)

Roberts Court Jurisprudence: What Was And What Will Come
(DBN)

Senate confirms first Asian American judge on 3rd Circuit Court of Appeals • The Third Circuit Is About To Get More Diverse
(DBN)

Republicans can choose the judge who hears their lawsuits. DOJ wants to stop that.
(DBN)

______________

Wall Street:

Stock futures fall Wednesday as investors process inflation data
(DBN)

______________

Layoffs:

Neiman Marcus Group Sets Layoffs, Reorganizes Management
(DBN)

Electric lay off 25%
(DBN)

______________

Education:

Insolvency plan by MCC cuts pay, programs
(DBN)

N.J. school district where Adriana Kuch was attacked has a 'culture of violence,' community members say
(DBN)

DeSantis’s Latest Target: A Small College of ‘Free Thinkers’
(DBN)

DeSantis says maybe Florida can do without College Board, AP classes and SAT test
(DBN)

____________

Politics:

The Democrats' latest strategy is making Marjorie Taylor Greene the face of the GOP
(DBN)

Sen. Dianne Feinstein announces she will retire from Congress • Feinstein disputes her own retirement despite office releasing statement
(DBN)

House readies first GOP-led COVID vaccine probe
(DBN)

4 reasons for the MAGA House hearings’ bellyflop
(DBN)

Christian Nationalism is on the Rise
(DBN)

Nikki Haley announces presidential run • 55 Things to Know About Nikki Haley
(DBN)

They’re Trying to Topple Trump. But They Barely Utter His Name.
(DBN)

The Don Calling Out 'Meatball Ron'
(DBN)

When politicians have no shame, the old rules don't apply
(DBN)

Santos: I'm Not Leaving Congress
(DBN)

US military missed Lake Huron object with first missile strike • The truth is out there: UFO fever grips Congress • White House says a leading explanation for 3 downed objects is they were commercial or benign • ‘Hysteria’: Is the Panic Over Balloons Getting Out of Hand? • US pilots describe ‘mysterious object with strings’ during mission to shoot down UFO • Baffled pilots say Lake Huron 'octagonal' UFO is 'not balloon' in cockpit audio • Biden Silent on UFO Shootdowns • Rumors swirl about balloons, UFOs as officials stay mum • Last three UFOs shot down likely weren’t Chinese spy devices, US says • China Spy Balloon Likely Blown Off Original Course •
(DBN)

Ex-FTX exec linked to online poker scandal donated $5,800 to George Santos
(DBN)

Trump is planning to bring back firing squads if re-elected • Trump's plan for a 2nd term reportedly includes firing squads, hangings, and group executions
(DBN)

Trump Spent $600,000 and Told the Election Was Fair
(DBN)

Who should lead? Democrats, Republicans struggle to decide
(DBN)

Revealed: the hacking and disinformation team meddling in elections
(DBN)

____________

Economy:

BLS: CPI increased 0.5% in January; Core CPI increased 0.4% • Cleveland Fed: Median CPI increased 0.7% and Trimmed-mean CPI increased 0.6% in January • Inflation Cooled Just Slightly, With Worrying Details • Inflation Remains Stubbornly Elevated • Consumer prices rise at faster pace in January • January inflation comes in higher than expected • Food Price Growth Ticked Back Up, Putting Burden on Consumers • January inflation hits 6.4%, missing analysts' expectations for a faster slowdown
(DBN)

Here’s the breakdown of the inflation report for January — in one chart
(DBN)

Fed officials float even higher rates after brisk inflation data
(DBN)

Top Investor Issues Ominous Warning Amid Surprise Inflation Spike
(DBN)

Fed Officials Keep Options Open On Peak Interest Rate
(DBN)

Yellen describes "economic catastrophe" that will result if debt limit isn't raised • How This Debt Ceiling Debate Could End
(DBN)

A bump in the disinflationary road
(DBN)

Treasury yields fall as investors digest latest inflation data
(DBN)

Four of Congress' farmers weigh in on how to solve high food prices
(DBN)

Goldman Sachs CEO sees greater chance of ‘softer landing’ for economy
(DBN)

EU to mull sanctions on Dubai shipper suspected of running Russian tanker fleet • Russia’s deficit has surged. But economists say Moscow won’t drain its war chest any time soon
(DBN)

The IMF Has Too Many Economists for Its Own Good
(DBN)

Trucking: U.S. Class 8 retail sales in January rose 34.2% year-over-year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Current State of the Housing Market: Overview for mid-February
(DBN)

MBA: Mortgage Applications Decreased in Latest Weekly Survey • Mortgage demand drops as interest rates bounce higher
(DBN)

Renters pay a 'singles tax' of nearly $7,000 for living alone
(DBN)

Biden barely mentioned the deflated housing market. What’s next for renters, buyers and owners?
(DBN)

____________

Municipalities:

Puerto Rico Oversight Board defends PREPA disclosure statement
(DBN)

____________

Oil/Gas:

European Union to Ban New Gas-Powered Cars by 2035
(DBN)

Electric Vehicle Sales May Make Visible Dent in Oil Demand by 2027
(DBN)

U.S. gas producers skimped on price hedges and now face a reckoning
(DBN)

____________

Rail:

Streams of fish, a coop of chickens, and a skulk of foxes are among the animals reported sickened and dying after a catastrophic train derailment led to a chemical burn in Ohio •What we know about Ohio train derailment
(DBN)

____________

Nursing Homes:

Who owns your mom’s nursing home? Biden wants to know
(DBN)

____________

Television:

Streaming Tops Traditional TV
(DBN)

____________

Crypto:

The SEC gives crypto a fresh scare
(DBN)

Sam Bankman-Fried, Caroline Ellison, and Other Company Insiders Subpoenaed by FTX for Documents • FTX’s Turkish Entities Dismissed From US Bankruptcy Proceedings • Sam Bankman-Fried summoned to NYC by judge over bail rules • Judge orders Samuel Bankman-Fried to stop using a VPN after his lawyers claim he only used one to watch the Super Bowl
(DBN)

Ex-FTX Exec Made $150 Million from Charity Funds via Insider Trading
(DBN)

SBF and FTX fraud ‘aided and abetted’ by Silvergate Bank, alleges lawsuit
(DBN)

A Viper’s Nest of Conflicts and Intrigue
(DBN)

Celsius Debtors Release Sale Plan, Choose NovaWulf as Plan Sponsor • Celsius Creditors May Get 70% of their Funds Back, Per New Sales Plan
(DBN)

Celsius Seeks to Recover Millions From Mashinsky, Other Former Executives
(DBN)

Senators appear divided on how to regulate crypto
(DBN)

Elizabeth Warren cultivates anti-crypto coalition
(DBN)

Crypto is joining the grown-up table, and no one is happy about it
(DBN)

IMF wants El Salvador to reconsider Bitcoin exposure: Community reaction • El Salvador to open a ‘Bitcoin Embassy’ in the United States
(DBN)

Bitcoin Investors Are Plotting a Major Coup
(DBN)

____________

Utilities:

Russian-linked malware was close to putting U.S. electric, gas facilities ‘offline’ last year
(DBN)

____________

Pharma:

San Diego drug developer Sorrento Therapeutics files for bankruptcy amid legal battles
(DBN)

____________

Media:

Study shows ‘striking’ number who believe news misinforms
(DBN)

____________

Retailing:

Dallas-Based Tuesday Morning Files for Chapter 11 Bankruptcy Protection • Tuesday Morning files for Chapter 11 bankruptcy protection; store closures expected
(DBN)

Time Approach Applied to Cap Rent Claim in Century 21 Department Stores Bankruptcy Cases
(DBN)

____________

Climate:

Drastic emissions cuts needed to avert multi-century sea level rise, study finds
(DBN)

January was seventh-warmest on record: NOAA
(DBN)

EPA details plans for $27 billion in Inflation Reduction Act climate funds
(DBN)

____________

Autos:

Tesla board member says Musk doesn’t mind bankruptcy if a rival builds a better car: ‘That’s his philosophy’
(DBN)

Tesla commits to open 7,500 chargers in the U.S. to other electric vehicles by end of 2024
(DBN)

Elon Musk donates almost $2bn of Tesla shares to charity
(DBN)

Tesla app crashes across Europe leaving frustrated drivers fearing they might not be able to open their cars without a keycard
(DBN)

____________

Celebs:

'Mistaken' deductions land Danny Trejo in tax debt, bankruptcy
(DBN)

____________

Labor:

Tesla workers in New York want to unionize: ‘People are tired of being treated like robots’
(DBN)

____________

Sports:

'Short-term pain': Blues, Cardinals grapple with fallout of possible Bally Sports bankruptcy • Bally RSN Parent Diamond Sports Faces $140 Million Debt Payment Deadline • Diamond’s Expected Bankruptcy Likely to Take Shape ‘In the Shadows’
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 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)

Mass Torts:

Judge indicates intention to dismiss J&J talc unit bankruptcy
(DBN)

Sandy Hook plaintiffs seek third trial against bankrupt Alex Jones • Alex Jones Delays New Podcast Amid Sandy Hook Family Objections
(DBN)

Which U.S. dioceses have declared bankruptcy? Here’s a map
(DBN)

'Special': Remedial Schemes in Mass Tort Bankruptcies
(DBN)

____________

Sovereign Immunity:

Waiver Of Tribal Sovereign Immunity In Bankruptcy? (At U.S. Supreme Court: Lac du Flambeau Band)
(DBN)

____________

Plan Confirmation:

Eleventh Circuit Stops Plan Confirmation Stampede
(DBN)

____________

Bankruptcy Strategy:

$50bn credit fund caught on both sides of distressed debt dispute
(DBN)

____________

Aviation:

Passenger describes 'screaming' and 'praying' aboard United flight as it plunged within 800 feet of the Pacific Ocean • United pilots retrained after plane nose-dived just 775 feet above Pacific Ocean, airline says
(DBN)

Biden touts ‘historic’ Air India purchase of hundreds of Boeing planes
(DBN)

Jeff Bezos to race Elon Musk to Mars as he prepares to launch rival mission
(DBN)

____________

IT:

Avaya files for Chapter 11 bankruptcy • Avaya Wipes Out Shareholders In Bankruptcy • Partners, Analysts: Avaya Road Back from Bankruptcy to Be ‘Long and Arduous’
(DBN)

____________

Healthcare:

Millions of people are about to get kicked off Medicaid
(DBN)

South Dakota becomes the 6th state to restrict gender-affirming care for minors
(DBN)

____________

Student Debt:

The Supreme Court showdown over Biden’s student debt relief program, explained
(DBN)

Student Loan Forgiveness: Biden Administration Updates Form For New, Easier Bankruptcy Process
(DBN)

____________

Tech:

6 charts show that tech giants like Meta and Google have still grown like crazy even after layoffs
(DBN)

Elon Musk says the end of 2023 is a 'good timing' to find a new CEO for Twitter because the company will be 'stable' by then
(DBN)

Twitter loses more than half of top advertisers, data shows
(DBN)

____________

Sovereigns:

Zimbabwe creditors to meet Feb. 23 over arrears clearance, says finance minister
(DBN)

Ghana bilateral lenders in talks to form official creditor committee
(DBN)

____________

UK:

High Court allows disclosure of privileged documents to a foreign trustee
(DBN)

R3 responds to January 2023 insolvency statistics
(DBN)

Barclays posts 19% slide in annual net profit after costly U.S. trading blunder; shares down 8%
(DBN)

UK inflation rate dips for third straight month to hit 10.1%
(DBN)

____________

EU:

Greece Border Abuses Highlight Europe’s Clashing Priorities on Migration
(DBN)

____________

Russia:

Ex-Russian military bomber engineer seeks asylum at U.S. border, offers military secrets
(DBN)

Major Blitz on Putin’s ‘Mightily Struggling’ Army Just ‘Weeks Away’
(DBN)

Milley: Russia has lost 'strategically, operationally and tactically'
(DBN)

War in Ukraine at 1 year: Pain, resilience in global economy
(DBN)

US warns about Russia’s war planes amid emerging offensive
(DBN)

U.S. focuses on training Ukrainian troops to use less ammo •US warns Ukraine it may not be able to continue ‘same level’ of support • Ukraine aid support softens in the US: AP-NORC Poll
(DBN)

On the front line in Ukraine, where soldiers are "literally tossing grenades at each other"
(DBN)

Russia's tanks may face 'disadvantageous conditions' in a battle with US-made Abrams tanks, Russian expert says
(DBN)

Vladimir Putin is about to win the ammunition war against the West
(DBN)

Thousands of Ukrainian children forced into vast network of Russian camps, study finds • Possible war crime as Russia holds thousands of children: US report
(DBN)

____________

China:

China’s economic recovery is off to a slow start
(DBN)

Why China has both spy balloons and spy satellites • White House: No indication yet downed objects were part of China spy balloon program • Balloon furor deflates China’s commercial charm offensive • Diplomatic Spat Deepens As U.S. Examines Chinese Balloon Debris • US Military Swears It's Not Spying on China With Balloons It Spent Millions Developing • China Warns of Retaliation Against US Entities in Balloon Saga
(DBN)

Europe-Xinjiang trade ties on shaky ground
(DBN)

____________

Turkey:

Under the Rubble: Gasps of Air, Protein Powder and Miraculous Rescues • A week after the quake, nine survivors emerge, alive, from the rubble •Erdogan boasted of developers dodging building codes in earthquake epicentre • Inside Syria's quake zone, where life has gone from bad to horrendous
(DBN)

____________

MENA:

A Proposal to Overhaul the Judiciary Is Roiling Israel. What Is the Plan? • ‘An Unprecedented Constitutional Crisis’ • Netanyahu’s Judicial Overhaul Has Divided Israel. Even the Religious Right.
(DBN)

____________

India:

Adani Says No Refinancing, Liquidity Issues In Bid To Calm Jittery Investors
(DBN)

____________

Argentina:

Argentine savers 'drown' under spiraling prices as inflation hits 99%
(DBN)

____________

Spain:

Steelmaker Celsa Puts Spain's New Insolvency Law To Test • Spain's new restructuring law is being put to the test, fast
(DBN)

____________

Singapore:

Singapore faces ‘delicate balancing act’ amid weak economy, inflation: Minister
(DBN)

____________

Brazil:

Bolsonaro to Return to Brazil in March to Lead Opposition
(DBN)

____________

Australia:

Bankruptcy and superannuation – a fraught and technical battleground
(DBN)

AFSA preparing for personal insolvencies
(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 subscription 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 $69.00/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 reach us at 281-402-3957 or 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 2023