February 17, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Younger Generation Of Lawyers Considered At Risk Due To Their 'Worse' Mental Health Status
(DBN)

The Law Schools That Give Students The Best Classroom Experience (2023)
(DBN)

Humanizing the Process: A new approach to interviewing for law firms
(DBN)

A&O hires ‘Harvey’ chatbot to help lawyers
(DBN)

Tools for legal professionals to work at higher level ‘are on the horizon,’ says software developer CEO
(DBN)

Stress Due To Understaffing Plagues Midsized Firms, Survey Finds, But Professionals See Relief In Tech
(DBN)

Leadership Blaming Working From Home For Its Own Data Privacy Failures
(DBN)

LawyerUp, the stripped down LinkedIn for law, prepares to open to employers
(DBN)

The Agony Of Wasted Time
(DBN)

Litigation funders deployed $3.2 bln in U.S. investments last year - report
(DBN)

After Richmond Law School Removed Slave-Owner Benefactor From Its Name, Family Demands Return Of His Donations ($3.6 Billion With 132 Years Of Interest)
(DBN)

Man who spent 28 years in prison is exonerated with help of pro bono lawyers
(DBN)

This Penn professor has been offending minorities for years. Will tenure save her? Inside The University Of Pennsylvania's Precedent-Setting Effort To Revoke Tenure From Law Prof Amy Wax
(DBN)

Court dismisses part of UIC law prof’s civil rights lawsuit
(DBN)

Magistrate judge recommends ethics probe of Northwestern law prof, who sees ‘crock of nonsense’
(DBN)

Prosecution, defense get wins with Alex Murdaugh lead agent
(DBN)

Do This If You Love (Or Don't Love) Your Job
(DBN)

Selendy Taps Waves of Junior Hires to Boost Lawyer Headcount
(DBN)

FBI searched University of Delaware in Biden documents probe FBI interviews University of Delaware employee in Biden documents probe
(DBN)

Kari Lake’s lawyers hit with bar complaints
(DBN)

Former Trump chief of staff subpoenaed by special counsel in Jan. 6 investigation Proud Boys leaders facing Jan. 6 charges say they intend to subpoena Trump D.C. police lieutenant delivered pre-Jan. 6 tips from Tarrio to Capitol Police, Proud Boy's lawyer says Arkansas man who joined mob beating of cop on Jan. 6 pleads guilty North Carolina man who joined Jan. 6 riot while out on bail on attempted murder charge pleads guilty to assaulting cop
(DBN)

Fox hosts didn’t believe Trump 2020 election fraud claims – Rupert Murdoch called it ‘crazy stuff’ Damning messages revealed in a court filing show Fox News' executives brutally mocked Trump's election lies Tucker Carlson called Trump a ‘demonic force’, reveals $1.6bn Fox News defamation lawsuit
(DBN)

Arizona court rejects Kari Lake’s claim she won governor’s race, citing no evidence
(DBN)

Trump lawyer hires own attorney in classified documents probe
(DBN)

Georgia Grand Jury Recommends Indictments for Witnesses In Trump Election Case Trump Claims 'Total Exoneration' As Georgia Grand Jury Hints At Future Prosecutions Trump Georgia Grand Jury Presses DA to Seek Indictments, Cites Perjury What does the release of Georgia’s grand jury report mean for Trump? Georgia grand jury in Trump interference probe found no fraud in 2020 election Grand Jury Report Is 'Bad Omen' for Trump: Ex-Prosecutor
(DBN)

Fani Willis, the 'pit bull' prosecutor eyeing Trump, now has new targets
(DBN)

Trump’s Shell Spending Scheme Comes Under DOJ Scrutiny
(DBN)

Trump's Criminal Defense Attorney Is an Atlanta Hip-Hop Legend
(DBN)

Deputies suspended in Tyre Nichols case didn't keep bodycams on
(DBN)

Man allegedly left naked on concrete floor in jail for days died of suspected hypothermia, lawsuit says
(DBN)

Lesbian mom loses parental rights, and wife, to child's sperm donor
(DBN)

South Carolina House passes near-total abortion ban SC House OKs bill that bans abortion at conception, setting up possible GOP impasse Kentucky Supreme Court leaves abortion ban in place Comstock laws could threaten access to abortion pills
(DBN)

Anti-Trans Bills Are Sweeping Across the US With Alarming Speed Rubio, Banks introduce measure to ban some transgender people from military service Amid tidal wave of anti-trans legislation, Democratic states race to become refuges for gender-affirming care
(DBN)

Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein - lawsuit
(DBN)

Emails Reveal Deep Ties Between Jeffrey Epstein, Former Barclays CEO Jes Staley
(WSJ)

Los Angeles court will only allow one of Harvey Weinstein's victims to speak during his sentencing next week
(DBN)

Americans’ dissatisfaction with gun laws at new high: Gallup poll Murphy reintroducing background check legislation after MSU shooting New York’s restrictive gun laws didn’t stop the Buffalo shooter Michigan State University gunman bought weapons legally MSU shooter was found with 2 legally purchased guns, ammo and a threatening note, officials say 2nd Amendment sanctuary measure overturned in Oregon 3rd Circuit, weighing gun ban for people convicted of crimes, looks to history
(DBN)

Grand jury indicts father of July 4 parade shooting suspect Father who helped alleged Highland Park July 4 parade shooter get gun license pleads not guilty in reckless conduct case
(DBN)

U.S. Supreme Court cancels arguments in Republican bid to keep border expulsions A new Supreme Court decision leaves a Trump judge in charge of the Mexican border
(DBN)

Off-duty deputy driving 95 mph through LA school zone murdered 12-year-old boy in horrific 'preventable' crash : DA
(DBN)

‘You Shot Me’: Louisiana Cop Arrested for Killing Unarmed Black Man as He Fled
(DBN)

Louisiana to Drop Lawsuits Against Katrina Survivors Over Recovery Grants
(DBN)

ICE unable to stamp out abuse allegations at detention centers
(DBN)

______________

Judges:

How Biden could surpass Trump’s record on judges
(DBN)

The Supreme Court Can’t Even Agree on a Code of Ethics for Itself
(DBN)

Georgia GOP votes to erect statue of Clarence Thomas at state Capitol over objection of Democrat calling him an 'Uncle Tom'
(DBN)

Lindsey Graham in GOP hot seat for speedy judicial nominees
(DBN)

______________

Wall Street:

Stock futures slip Friday morning as inflation data, Fed comments worry investors
(DBN)

______________

Layoffs:

Finance Layoffs Watch '23: JPMorgan Chase
(DBN)

DocuSign to lay off 10% of workers in second round of cuts
(DBN)

They Lost Their Jobs, Then Went Viral on TikTok
(DBN)

Is AI coming for your job? Tech experts weigh in: "They don't replace human labor"
(DBN)

Coyote to announce 200 layoffs
(DBN)

Bank of America plans 200 investment-banking job cuts: report
(DBN)

Apple has begun firing contractors as mass tech layoffs continue: sources
(DBN)

The RealReal slashes workforce, store base in quest for profits
(DBN)

‘Not too devastated’: Why some laid-off workers aren’t rushing to find new jobs
(DBN)

______________

Politics:

Baffled Dianne Feinstein walks out of Senate chamber wondering what just happened: 'Did I vote for that?'
(DBN)

Senior Democrats’ Private Take on Biden: He’s Too Old Biden is ‘healthy’ and ‘vigorous,’ White House doctor says
(DBN)

Mitt Romney warns Trump is ‘by far the most likely’ GOP nominee in 2024
(DBN)

Republican losers look to run again in ’24 — and the party’s at odds how to stop them
(DBN)

McCarthy tells Mayorkas to ‘stop lying’ about border
(DBN)

The new red wave is already here
(DBN)

McConnell demands Biden answers after "so-called classified briefings" Biden to address spy balloon and other objects shot out of the sky above North America Joe Biden Says There Is No Evidence Of “Sudden Increase In The Number Of Objects In The Sky” Three UFOs Shot Down by US Weren't Chinese Spy Balloons: Biden Biden: Objects shot down ‘most likely’ tied to private companies or research Biden wants ‘sharper rules’ on unknown aerial objects Why spy balloons are still so useful in era of drones
(DBN)

Rep. George Santos barricaded himself in his district office as angry constituents stood outside demanding his resignation: reports So Long George Santos, the GOP May Have a New Fabulist in Congress Here are the groups looking into George Santos
(DBN)

Ron DeSantis requested the medical records of all trans students in Florida's public universities. Now students are planning a statewide walkout.
(DBN)

Denver councilman said he was left 'humiliated' after he was forced to crawl onto a debate stage with no wheelchair access
(DBN)

‘Eye of the Tiger’ writer blasts Haley playing it at campaign launch Wall Street Journal editorial board sees ‘no clear rationale’ for Haley candidacy Rep. Marjorie Taylor Greene rejects ‘Bush in heels’ Haley Trump attacks Haley on Medicare, Social Security cuts Haley calls for generational change when asked about differences with Trump Why Nikki Haley shouldn't be counted out just yet Nikki Haley’s presidential campaign is a throwback to the pre-Trump GOP Haley’s candidacy shows balancing act for women in politics
(DBN)

Republicans worry as self-inflicted wounds pile up
(DBN)

Trump warns Scott on Social Security, Medicare: ‘THERE WILL BE NO CUTS’
(DBN)

D.C. drama: Dems weigh veto fight with Biden over crime bill
(DBN)

____________

Economy:

Weekly Initial Unemployment Claims decrease to 194,000
(DBN)

PPI's upside surprise stokes new inflation fears
(DBN)

Wholesale prices rose 0.7% in January, more than expected, fueling inflation increase Wholesale price pressures emerge despite long-term slowdown
(DBN)

Philadelphia Fed manufacturing gauge plunges unexpectedly
(DBN)

What recession? Americans are still powering the economy despite high inflation
(DBN)

US Credit Card Debt Hits New Record High
(DBN)

Nearly 70% of consumers to cut back on nonessential spending: report
(DBN)

Here’s where 20 cents of every one of your tax dollars will go in 10 years
(DBN)

Americans Won't Let Inflation Spoil Their Appetite
(DBN)

Disinflation Yes, Deflation No
(DBN)

NY Fed Q4 Report: Household Debt Increases, Mortgage and Auto Loan Growth Slows
(DBN)

Even as economists worry about a recession, a soft landing may be possible
(DBN)

Sanctions on Russian oil are having the ‘intended effect,’ IEA says Russian oil revenue has been hurt by effective EU price caps even as Moscow has been resilient with exports, says IEA Putin is staring at defeat in his gas war with Europe US Pushes Back on Speculation Russia Is Gaming Oil Cap With Fake Prices Canada endorses special tribunal to investigate Russia, Joly says
(DBN)

Meet a 24-year old living with her parents who splurges on weekend trips, a Chanel handbag, and a Balmain jacket with all the money she'd spend on rent
(DBN)

‘Horrible timing’: pandemic food relief ends as inflation sends families scrambling
(DBN)

Social Security set to run short of funds one year earlier than expected CBO warns of sharp uptick in Social Security, Medicare spending The radical proposal to let Medicare and Social Security lapse, explained Risk of shortfall raises stakes in Social Security fight
(DBN)

5 facts about the U.S. national debt
(DBN)

Minimum wages are going up, but typical workers don’t make enough to get by
(DBN)

Texas Booms, but Struggles to Find Workers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

January Housing Starts: Near Record Number of Housing Units Under Construction Housing Starts Decreased to 1.309 million Annual Rate in January
(DBN)

Florida Property Insurance to Jump 40-50%
(DBN)

By Adding Apartments, Malls Seek to Bring Shopping Closer to Home
(DBN)

____________

Municipalities:

Puerto Rican economy expected to collapse due to power prices hike
(DBN)

Do Investors Care About Municipal Debtors’ Access to Bankruptcy ? Evidence from Bond Disclosures
(DBN)

The U.S. Cities Drowning in Debt
(DBN)

____________

Oil/Gas:

Big Oil Backs Off Climate Promises
(DBN)

Visualizing the Past and Future of Energy Transitions
(DBN)

New Jersey Bans Gas, Diesel Cars After 2035
(DBN)

Surging Energy Prices Could Push 141 Million People Into Extreme Poverty
(DBN)

____________

Tech:

Elon Musk shuts 2 of 3 Twitter India offices, sends staff home, in mission to cut costs, get social media firm in black
(DBN)

Hawley proposes ban on social media for kids under 16
(DBN)

Second time around: Avaya files for Chapter 11
(DBN)

Tech giants fear SCOTUS cases could wreak havoc on the internet Supreme Court case could reshape "fundamental architecture" of the internet
(DBN)

As U.S. Supreme Court weighs YouTube's algorithms, 'litigation minefield' looms
(DBN)

Microsoft's Bing Now a Manipulative Liar
(DBN)

A rabbi used ChatGPT to write a sermon. He said his congregation's reaction made him 'deathly afraid' — but that it won't put him out of work just yet.
(DBN)

____________

Cannabis:

Leaked Files Show How a Putin Ally Bankrolled the US Weed Industry
(DBN)

____________

Sports:

NCAA asks US appeals court to block pay for student-athletes
(DBN)

MLB eyes chance to target cord-cutters, change its RSN model
(DBN)

MLB: Bally network troubles could lead to end of blackouts
(DBN)

____________

Celebs:

A 'Real Housewives' star reports to prison tomorrow. Where will she serve her time?
(DBN)

____________

Crypto:

The collapse of FTX: lessons for many
(DBN)

FTX and Sam Bankman-Fried: A Case Study in Professional Skepticism and Fraud Detection
(DBN)

Billionaire Charlie Munger calls crypto worthless: It’s ‘crazy, stupid gambling’
(DBN)

Judge on Bankman-Fried: 'Why am I being asked to turn him loose?' 'There is a solution': Federal judge asks why feds won't send Sam Bankman-Fried to jail for possible 'witness tampering' Is Sam Bankman-Fried headed back to jail? Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer Bankman-Fried Remains Out on Bond, but Judge Warns ‘Revocation’ Proceedings Possible in Future Bankman-Fried’s Stanford-Connected Backers and the Decline of Tech Prestige Sam Bankman-Fried’s Altruism Wasn’t Very Effective Judge Signals Jail Time if Bankman-Fried’s Internet Access Is Not Curbed
(DBN)

FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say
(DBN)

BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
(DBN)

Celsius customer received $67,000 tax bill for funds lost in crypto lender's bankruptcy, report says
(DBN)

Celsius bankruptcy judge authorizes the sale of $7.4M worth of Bitmain coupons
(DBN)

Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
(DBN)

Compute North’s Reorganization Plan Approved by Bankruptcy Judge
(DBN)

GBTC Yes, Bitcoin No: The Genesis Bankruptcy Angle
(DBN)

FTX-exposed Signature Bank’s CEO moves to advisory role
(DBN)

SEC charges Do Kwon, Terraform with fraud in connection with Terra collapse
(DBN)

Bernstein: SEC Tightening of Crypto Regulations Is not an Existential Threat
(DBN)

Canada Close to Tightening Rules for Crypto Exchanges: Sources
(DBN)

Binance secretly moved $400 million from its US partner to a trading firm managed by the crypto giant's boss CZ, report says
(DBN)

Mt. Gox’s 2 Largest Creditors Pick Payout Option That Won’t Force Bitcoin Sell-Off: Sources
(DBN)

____________

Retailing:

Tuesday Morning says lenders’ actions contributed to Chapter 11
(DBN)

Core retail sales rise in January in every category Expert weighs in on January sales Retail Sales Climb as Consumers Get Less Bang for Their Buck
(DBN)

____________

Coal:

Union clears miners to return to work after longest strike in Alabama history
(DBN)

____________

Fraud:

LA lawyer on the lam lived it up at Las Vegas hotel on more than $10.2 million of company funds and took pictures with NFL quarterbacks to showcase fake 'connections': Lawsuit
(DBN)

____________

New Bankruptcy Opinions
(4 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 (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:

Bankruptcy Cases = 75% Of All Federal Court Filings? (A Study)
(DBN)

______________

Bankruptcy Strategy:

Bed Bath's novel deal is no universal dodge-bankruptcy card
(DBN)

____________

Mass Torts:

Harrisburg Diocese’s bankruptcy case ends with $18M trust for victims of clergy sex abuse
(DBN)

Bankrupt Alex Jones Spending $100K a Month Alex Jones bankruptcy filing shows that he has guns that belong to Jan. 6 rioters
(DBN)

____________

D&O:

D&O challenges significant for private companies, experts say
(DBN)

____________

Aviation:

Garuda Indonesia wins lawsuit in Paris court against lessors
(DBN)

Relax, those objects in the sky are probably just from one of the 90 countries and 10,000 companies that make up the nearly $1 trillion space economy
(DBN)

____________

Healthcare:

Bankrupt and facing criminal probe, Borrego Health plans to sell its clinics to Palm Springs-based provider
(DBN)

____________

Autos:

Tesla Recalls 362,000 Cars Because Full Self-Driving ‘May Cause Crash’
(DBN)

____________

Student Debt:

We just got a fresh sign that Biden's plan to give millions of student-loan borrowers who fell behind on payments a shot at debt relief is working
(DBN)

What we know about the 25M Americans who signed up for Biden’s student debt relief
(DBN)

____________

Media:

Fair and Balanced?! Rupert Murdoch Told Fox News CEO the Network Should Help GOP Win Senate ‘Any Way We Can’ in Newly-Released Email
(DBN)

____________

Climate:

Climate change has its tipping points — thankfully, so does progress
(DBN)

Is A New Wave Of Lawsuits Against Oil Company Directors Looming?
(DBN)

Climate, ice sheets & sea level: the news is not good
(DBN)

New board in place, US utility turns to clean energy study
(DBN)

Climate action in the most vulnerable countries
(DBN)

Colorado ponders storing carbon in defunct oil and gas wells
(DBN)

____________

Education:

Texas abortion ban architect turns to libraries
(DBN)

____________

Labor:

Tesla says it laid off 4% New York employees before union campaign
(DBN)

____________

Tax:

The Company Helping the IRS Go Undercover Online
(DBN)

____________

Rail:

Frustration builds over response to Ohio train derailment as officials urge patience The Ohio Train Derailment Misinformation How dangerous are the Ohio train crash chemicals? Rail Workers Knew Train Was Dangerous Ohio governor asks for help from federal health agencies in East Palestine Jeers, boos from Ohio villagers enraged by toxic train spill Thousands in Ohio told to drink bottled water after toxic chemical train crash Environmental health expert says he would not feel safe returning to a home in East Palestine ‘The longer the train, the heavier the train’ — Ohio disaster calls attention to freight’s growing bulk The East Palestine, Ohio, train wreck didn’t have to be this bad What to know about the chemicals in the Ohio train derailment ‘It’s wrecked us’ - life after Ohio rail crash
(DBN)

Train carrying hazardous materials derails outside Detroit
(DBN)

____________

Water:

The Unfixed American Water Crisis
(DBN)

____________

Sovereigns:

Ghana talks with external bondholders due in a few weeks
(DBN)

As cash runs out, Pakistan introduces bill to unlock IMF funds IMF deal for bankrupt Pakistan is like 'treatment of cancer with aspirin': Imran Khan
(DBN)

BlackRock, Standard Chartered to join talks at new debt roundtable on Friday
(DBN)

U.S. to push debt relief, Ukraine aid at G20 finance meeting in India
(DBN)

____________

UK:

Restructuring experts gear up as inflation drives insolvencies
(DBN)

Restructuring Plans: A Final Lifeline for the UK Care Sector?
(DBN)

____________

Russia:

Ukraine says Russians mounting constant attacks, pouring in forces Russia begins long-feared winter counteroffensive in Ukraine Russia’s emerging new offensive in Ukraine, explained by an expert
(DBN)

'Intensity has gone up': Inside the US plan to arm Ukraine
(DBN)

140,000 Russians Killed in Ukraine War
(DBN)

Russian warplanes fly near Alaskan airspace for second time in two days
(DBN)

NATO chief says 'time is now' for Turkey to ratify Finland and Sweden membership bids
(DBN)

Biden and NATO should do what it takes to stop Putin in Ukraine
(DBN)

Ukraine says Russia turns to decoy missiles, intel balloons
(DBN)

What is happening in Moldova, Ukraine’s neighbor with a pro-Russian movement?
(DBN)

Russian official is at the center of alleged scheme to forcibly deport thousands of Ukrainian children to a network of camps
(DBN)

____________

China:

Joe Biden’s China problem just got a whole lot worse How China’s spy balloon spurred a rapid shift in US sky patrol Spy balloon dustup sends US-China relations from bad to worse Biden won’t apologize for shooting down spy balloon; to speak with Xi Man Behind China’s ‘Dream Come True’ Boosted Balloon Program
(DBN)

China sanctions Lockheed Martin, Raytheon over weapons sales to Taiwan
(DBN)

Senate condemns Chinese balloon flight with two resolutions
(DBN)

____________

MENA:

Israelis Fear Their Democracy Is Crumbling — and the U.S. Isn’t Coming to Help
(DBN)

____________

Turkey:

Quake survivors wait amid rubble, to search or say goodbye The warnings at the luxury apartments that turned to dust
(DBN)

____________

India:

IBC- Yearly Round-up- 2022
(DBN)

Adani effect: On Businesses, Markets and India The Crisis of India’s Oligarchy
(DBN)

____________

Singapore:

Singapore posts worst non-oil domestic exports in a decade
(DBN)

____________

Brazil:

Brazil's Americanas makes offer to creditors but no deal reached
(DBN)

____________

Argentina:

In Argentina's drought-hit fields, billion dollar losses and farmers going under
(DBN)

____________

Germany:

The Pre-Pack Procedure: Draft Directive For The Harmonization Of Certain Aspects Of Insolvency Law
(DBN)

German Federal Court Rules on Insolvency Administrators’ Right to Use Certain Secured Assets Within Insolvency Proceedings
(DBN)

Leading Restructuring Lawyer Cristina Weidner Joins Kirkland & Ellis
(DBN)

___________


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