February 21, 2023

The Daily Bankruptcy News

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Law:

Law Firm Wins Suit Against Associates For Not Billing Enough And All It Cost Them Was Any Semblance Of Professional Dignity
(DBN)

The Business Of Fun
(DBN)

Hodgson Russ LLP Names Christofer C. Fattey Real Estate, Finance & Bankruptcy Practice Area Leader
(DBN)

The Biglaw Firm Tapped To Handle Potential Impeachment Threat To Biden Cabinet Member
(DBN)

Dentons' $30 million fight with ex-lawyer could put New York, California courts on collision course
(DBN)

Deep Dive Into Law Professor Amy Wax Still Manages To Miss Some Key Details
(DBN)

Clients Can Abuse Contingency Fee Arrangements
(DBN)

Meet Harvey, BigLaw firm’s artificial intelligence platform based on ChatGPT Hello, Harvey: This Elite Biglaw Firm Is The First To Partner With 'Game-Changing' AI Chatbot
(DBN)

Biglaw Associate Unsuspended After Challenging Colleague To Shirtless Brawl While Making Racist Remarks
(DBN)

Legal Ed will resubmit proposed elimination of admissions-test standard and consider increasing distance ed credits
(DBN)

Alex Murdaugh searched for a restaurant online minutes after finding slain wife and son
(DBN)

Turmoil in courts on gun laws in wake of justices' ruling
(DBN)

FBI records deepen mystery of dig for Civil War-era gold
(DBN)

Special counsel shows signs of ramping up Trump investigation Wall Street Journal: Special counsel should drop Pence subpoena MSNBC Analyst Predicts Trump Will Seek Desperate Measures If Hit With Indictment
(DBN)

Charges Against Trump Lawyer ‘Very Likely,’ Colleagues Warn Donald
(DBN)

The top investigator for the House Jan. 6 committee said it was hard to interview witnesses when '30 minutes later' their cooperation would leak
(DBN)

Dominion voting case exposes post-election fear at Fox News Fox News execs blocked Trump from doing interview during Jan. 6 Capitol riot, filing shows Fox stars privately bashed election fraud claims the network pushed 'Crazy.' 'Nuts.' Six wild revelations from the Fox News defamation case
(DBN)

McCarthy gives Tucker Carlson access to trove of Jan. 6 riot tape
(DBN)

DOJ searches Pence group’s offices, finds no classified documents
(DBN)

GOP operative sentenced in scheme to funnel Russian money to Trump campaign
(DBN)

1 dead, 4 injured after New Orleans Mardi Gras parade shooting
(DBN)

Memphis mass shooting leaves 1 dead, 10 wounded
(DBN)

Temple University police officer fatally shot during chase
(DBN)

6 dead in Mississippi town shooting, suspect arrested
(DBN)

1-year-old among 3 dead in Chicago highway shooting that injured 3 others
(DBN)

Video captures chaos after Texas cop fatally shoots 13-year-old boy driving stolen car
(DBN)

Qualified Immunity Is Burning a Hole in the Constitution
(DBN)

Charge downgraded against Alec Baldwin Alec Baldwin ‘Rust’ Shooting Case Sees Halyna Hutchins’ Widower Added To D.A. Witness List
(DBN)

'I think the evidence was too strong': Lawyer for Prince Andrew's sex abuse accuser Virginia Giuffre claims Duke of York avoided going to trial because of THAT photo of them together
(DBN)

Shootings of 2 Jewish men in LA under investigation as potential hate crimes
(DBN)

Remains of Auburn University student identified nearly 5 decades after his disappearance
(DBN)

5 ex-cops plead not guilty to murder charges in Tyre Nichols’ fatal beating
(DBN)

Man faces murder charge in 'wrong-home' shooting that killed innocent Georgia State University student
(DBN)

Former Texas state legislator who stood for 11-hour filibuster against restrictive abortion law in 2013 loses lawsuit over 'bounty hunter' bill
(DBN)

‘It’s a war’: the doctor who wants Americans to get abortion pills before it’s too late
(DBN)

Parents of college runner with disabilities sue school after her suicide: 'Monster' coach 'fat shamed' students, bullied our daughter
(DBN)

Illinois White Castles facing $17B privacy lawsuit
(DBN)

Arizona May Criminalize Homelessness
(DBN)

Burger King employee shoots customer after fighting over drive-thru intercom: Police
(DBN)

Florida woman pulled out gun on McDonald's employees over a cookie: Police
(DBN)

Woman killed mother-of-two in front of her kids after grocery store argument: Police
(DBN)


Los Angeles bishop’s death being investigated as a homicide Arrest made in killing of prominent LA Bishop David O’Connell: report
(DBN)

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Judges:

US court system is facing delays, backlogs and workforce shortages, report says
(DBN)

Section 230, student debt top divisive Supreme Court agenda
(DBN)

Northwestern Law Professor's Behavior Called Out As 'Shameful' By Federal Judge
(DBN)

Two Decisions Down And Fifty-Eight To Go
(DBN)

The Activist Pastor Running to Remake the Wisconsin Supreme Court
(DBN)

Faced With The Prospect Of A Clarence Thomas Statue, State Senator Calls The Supreme Court Justice An 'Uncle Tom'
(DBN)

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Wall Street:

 

Wall Street closes another bumpy week with a mixed finish
(DBN)

JPMorgan Strategists Say Stock Rally Will Fade
(DBN)

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Layoffs:

AI is starting to pick who gets laid off
(DBN)

Layoffs are spreading, but some employers can’t hire fast enough
(DBN)

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Education:

4 states to review AP African American studies class amid Florida's ban
(DBN)

For poor schools, building repairs zap COVID relief money today
(DBN)

A 5th grader at a Virginia elementary school just threatened to shoot up their class. It's the same school where a 6-year-old shot his teacher last month.
(DBN)

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Retailing:

Retail’s reality check: The industry could be in for cost cuts and slower sales this year
(DBN)

More than 800 big box retail stores are set to close across the nation this year | Daily Mail Online
(DBN)

Retailer Tuesday Morning To Close More Than Half Its Stores Following Bankruptcy
(DBN)

Party City to begin auctioning off store leases
(DBN)

Dollar store mania takes over rural America
(DBN)

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Climate:

Sulzer Becomes Latest European Company to Shift Spending to US
(DBN)

Florida's climate exodus has already begun — and it's only going to get worse
(DBN)

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Compensation:

Elon Musk is currently working for Tesla for free. That could change
(DBN)

Ray Dalio will secretly get billions of dollars from Bridgewater for agreeing to retire without a fight, report says
(DBN)

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Fitness:

Inside Peloton’s rapid rise and bitter fall — and its attempt at a comeback
(DBN)

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Politics:

Inside collapse of Trump-DeSantis 'alliance of convenience' GOP impatience grows for DeSantis to make move on Trump DeSantis lays out timeline for 2024 decision DeSantis hits back at 2024 Republicans who criticized him Trump rages against New York Post after DeSantis profile DeSantis suggests moving federal agencies outside DC Ron DeSantis injects chaos into the Chicago mayoral race
(DBN)

From the Midwest, progressive J.B. Pritzker launches anti-Ron DeSantis flares
(DBN)

Generational warfare threatens to rock 2024 presidential race Gerontocracy: the exceptionally old political class that governs the US
(DBN)

Trump’s White House accomplishments aren’t so easy to sell on the campaign trail
(DBN)

George Santos' elaborate lies have seen the congressman compared to a 19th-century huckster. History bears that out.
(DBN)

Trump absent as Iowa 2024 GOP caucus train begins to roll
(DBN)

Republican losses fan election conspiracies in rural Arizona
(DBN)

Inside QAnon’s Rise and How Trump Became Its ‘God Emperor’
(DBN)

Marjorie Taylor Greene Calls for Republican States to Secede
(DBN)

Kari Lake, still pushing midterm fraud fiction, edges closer to Senate run
(DBN)

Election conspiracist to lead Michigan GOP through 2024
(DBN)

Hogan: Conservative leaders would privately agree election wasn’t stolen, but ‘go out and say complete opposite’
(DBN)

Trump’s bluffing days are done
(DBN)

Democrats grapple with how to take on Nikki Haley
(DBN)

Carter and the End of Democratic Capitalism
(DBN)

Decision to shoot down balloons puts spotlight on hobbyists U.S. military ends search for 3 flying objects it shot down
(DBN)

Reported threats on Congress remain high, but prosecutions decline
(DBN)

‘Large white balloon’ seen by pilots over Honolulu, Hawaii, online reports claim
(DBN)

James O'Keefe Out at Project Veritas
(DBN)

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Economy:

Fed’s Barkin: ‘Slow progress’ on inflation, sees more hikes
(DBN)

The curious history of the Federal Reserve’s 2% inflation targeting, explained
(DBN)

World’s largest food company warns prices will continue to rise
(DBN)

No end in sight for bird flu outbreak causing sky-high egg prices
(DBN)

Gloomy Fiscal Forecast
(DBN)

Texas suit alleges federal spending bill isn’t law because of proxy quorum
(DBN)

These high-income earners are moving back into their childhood bedrooms and putting off vacations as inflation drags on
(DBN)

Nearly 30 percent of work remains remote as workers dig in
(DBN)

Twenty high-paying jobs that don’t require a college degree
(DBN)

Social Security and Medicare: Troubling math, tough politics
(DBN)

Illinois poised to mandate paid leave for nearly all workers
(DBN)

Russian Economy Shrank 2.1% Last Year, Less Than Once Expected John Kirby denies U.S. sabotaged Nord Stream pipelines Estonia Calls for Additional Measures to Cap Russian Oil and LNG Russian Crude Exports Surge Despite Impending Cut to Output EU Weighs New Powers to Hit Those Helping Russia Evade Sanctions War tests long-standing neutrality of European nations Russia’s war in Ukraine ramps up fears over Europe’s next security ‘soft spot’
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

SDNY Revisits Rent Cap Calculations: A Pendulum Shift to The Time Approach
(DBN)

Prices for single-family homes are falling in these cities
(DBN)

The climate change real estate bubble risks billions
(DBN)

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Municipalities:

The Impact of Recent Privatization of Power Generation in Puerto Rico
(DBN)

Oakland declares emergency after ransomware attack
(DBN)

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Autos:

Tesla driver killed after plowing into firetruck on freeway Tesla Fatal Crash With Fire Truck Draws US Regulator Inquiry
(DBN)

Used Tesla Prices are in Collapse
(DBN)

Used Car Prices Set to Rise Again
(DBN)

Lightyear tries to claw back from bankruptcy as new company using Solar EV tech as collateral
(DBN)

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Agribusiness:

Tyson receives $63.4 million from ghost cattle fraud cases
(DBN)

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Crypto:

Web inventor Tim Berners-Lee calls crypto ‘dangerous’ and likens it to gambling
(DBN)

The Failed Crypto Kings Who Want to Be Comeback Kids
(DBN)

Voyager creditors Subpoena SBF for Remote Deposition Clarification ‘Effective Altruism’ Led Bankman-Fried to a Little-Known Wall St. Firm FTX’s former head of engineering set to become third person in Sam Bankman-Fried's inner circle to plead guilty in crypto firm’s wide-ranging fraud case Former FTX exec Nishad Singh will plead guilty over his role in the crypto exchange's collapse, according to reports, further isolating Sam Bankman-Fried Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS FTX Warns Community of Phony 'Debt Tokens' and Scams Claiming to Be Affiliated With the Bankrupt Exchange
(DBN)

FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets
(DBN)

Celsius, FTX feel investors’ wrath as lawsuits multiply
(DBN)

'We will see cascading effects': Binance CEO who backed out of FTX bailout warns crypto industry is facing a reckoning on the scale of the 2008 global financial crisis as rival collapses
(DBN)

Binance Pulls Back on Potential U.S. Investments -CEO
(DBN)

Crypto Investor Galois to Shut Flagship Fund After FTX Collapse Crypto hedge fund Galois closes down with 50% of assets stuck at FTX, and plans to return remaining funds to investors, report says
(DBN)

Bitcoin Charts Pin $25,000 as Make or Break for Revival
(DBN)

Crypto Has an Incest Problem
(DBN)

The SEC has a stablecoin firm in its sights — and it could shake up the $137 billion market
(DBN)

FTX Japan Users Can Resume Withdrawing Funds Tomorrow Japan’s FTX unit first to resume client withdrawals
(DBN)

Retail Crypto Investors in Emerging Economies Hit Hardest by FTX, Terra Collapses: BIS
(DBN)

Zipmex to Likely Allow Customer Withdrawals After Securing Rescue Deal
(DBN)

Trading on major exchanges spiked following collapse of Terra, FTX: BIS report
(DBN)

Government Cracks Down on Crypto Industry With Flurry of Actions
(DBN)

SEC vs. Kraken: A one-off or opening salvo in an assault on crypto?
(DBN)

____________

Tech:

Supreme Court to wade into quagmire of internet regulation Big Tech's future is up to a Supreme Court that doesn't understand it 4 reasons Big Tech is worried about the Supreme Court this week A family's tragedy leads to U.S. Supreme Court social media showdown
(DBN)

Elon Musk's Twitter faces suits claiming $14M unpaid bills from landlords, consultants and vendors | Daily Mail Online
(DBN)

Meta Asks Users to Pay for Verification Following Twitter Move Elon Musk mocks Meta's paid verification plan with Mr. Bean meme
(DBN)

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Fraud:

Ex-JPMorgan Fugitive Gets Jail Sentence in Libya Fund Fraud
(DBN)

Former Theranos exec seeks to avoid lengthy prison sentence
(DBN)

Long Island Man Really Put The Work In On His Ponzi Scheme
(DBN)

____________

Tobacco:

Born in '07 or later? CA bill would bar you from ever buying tobacco product
(DBN)

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Pharma:

'Amazing coincidence' Moderna offered free vaccines when asked to testify, Bernie Sanders says
(DBN)

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Student Debt:

Where Biden's student loan forgiveness got the most interest
(DBN)

Meet a borrower in the Navy who just got $323,000 in student loans forgiven and said public service was 'the only way' he could have paid off his debt
(DBN)

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Healthcare:

The health care system rethinks obesity
(DBN)

Jimmy Carter to begin receiving hospice care
(DBN)

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Rail:

What we know about the Ohio train derailment
(DBN)

Toxic train derailment due to greed and weakened rules, Sherrod Brown says
(DBN)

Ohio to open a clinic amid growing health concerns over train derailment
(DBN)

Biden officials weighing civil penalties in Ohio's toxic rail disaster
(DBN)

Four rail-borne risks moving through American communities
(DBN)

Buttigieg pushes Norfolk Southern to support higher rail safety standards
(DBN)

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History:

Abraham Lincoln’s disastrous effort to get Black people to leave the U.S.
(DBN)

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Healthcare:

FL medics suspended after 'dead' patient found alive
(DBN)

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Sports:

KC Royals say Bally’s financial crisis won’t affect fans’ ability to watch games
(DBN)

With Financial Turmoil At Bally Sports Networks, Major Leagues Gear Up For A Future Without Cable
(DBN)

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Broadway:

Broadway Producing Heavyweight Hal Luftig Company Declares Bankruptcy
(DBN)

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Celebs:

Boris Becker branded "devil" after bankruptcy fraud jail term in scathing attack by estranged ex-wife
(DBN)

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Cannabis:

Bankruptcy Court Dismisses Cannabis Company Employee’s Chapter 13 Case
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (42 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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)

Insurance:

Fourth Circuit Holds that Cooperation Clause Does Not Apply to Insured's Conduct in Negotiating Bankruptcy Plan
(DBN)

Insurer Can’t Object to Asbestos Makers’ Bankruptcy, Despite Fraud Concerns
(DBN)

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UST:

Another Post-Siegel Ruling: Bankruptcy Court for the Eastern District of Virginia Joins Second and Tenth Circuits in Ordering Refunds for Overpayment of U.S. Trustee Fees
(DBN)

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Bankruptcy Strategy:

The Texas Two-Step's New Key
(DBN)

The Third Circuit Rejects Texas Two-Step Bankruptcy Strategy: A Funding Agreement With Affiliates Made The Debtor Too Financially Sound To Seek Bankruptcy Relief
(DBN)

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Bankruptcy Alternatives:

ABC: Assignments for the Benefit of Creditors
(DBN)

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Avoidance Actions:

Delaware Bankruptcy Court Approves Trustee's Use of Prejudgment Asset Freeze Injunction in Fraudulent Transfer Case
(DBN)

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Jobs:

Job Opportunity -- Executive Director of National Consumer Bankruptcy Rights Center
(DBN)

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Aviation:

Why flying sucks
(DBN)

United Airlines Plans to Ease Fees on Seats for Families After Biden’s Call Out

Can Southwest fix its tech problem? Aviation experts aren’t confident
(DBN)

Covid Cap Forces United Airlines to Delay Extra China-US Services For Six Months
(DBN)

Record 6,542 guns intercepted at US airport security in 2022
(DBN)

Residents of Elon Musk’s ‘space city’ say he destroyed quiet beach town
(DBN)

Lufthansa Cancels 1,300 Flights on Strike
(DBN)

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Sovereigns:

Sri Lanka Election Commission Says It Lacks Funds to Hold Polls
(DBN)

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UK:

KPMG settles £1.3bn lawsuit with Carillion creditors
(DBN)

Croydon Council cannot afford to join legal battle
(DBN)

Roald Dahl Book Edits Branded ‘Gobblefunk’ by UK PM Rishi Sunak
(DBN)

Tesco Store Workers to Get 7% Raise to Soften Inflation Sting
(DBN)

Sunak Set for His Biggest Political Test Yet With Brexit Deal
(DBN)

____________

EU:

Euro-Zone Consumer Confidence Improves to Highest in a Year
(DBN)

____________

Russia:

US: Russia has committed crimes against humanity in Ukraine Russia calls US ‘primary source’ of international tensions after war crimes accusations Russia envoy accuses U.S. of fueling Ukraine war with 'crimes against humanity' charge
(DBN)

Parsing Russian support for Putin’s war
(DBN)

Putin: Russia to suspend participation in last remaining nuclear treaty with U.S.
(DBN)

Ukraine can still lose the war — but Russia can’t win, Ian Bremmer says
(DBN)

Putin's Ukraine gamble seen as biggest threat to his rule
(DBN)

F-16s, longer-range missiles could help Ukraine beat Russia, U.S. general privately tells lawmakers
(DBN)

Joe Biden Makes Surprise Visit to Ukraine as Air Raid Sirens Ring Out Biden’s Secret Trip to Kyiv Took Guts Walks Streets in Warzone Biden on surprise visit to Ukraine: "One year later, Kyiv stands" Zelensky on Biden visit to Ukraine: ‘Historic. Timely. Brave.’ Biden announces $500M in new military aid to Ukraine during surprise visit DeSantis downplays Russia threat after Biden visit Sneaking a president from DC to Kyiv without anyone noticing Surprise and joy in Kyiv after Biden the mystery guest shuts down Ukraine’s capital Inside the months of secret planning for Biden's trip to Kyiv No phones and 10 hours on a train - Biden's secret trip
(DBN)

Zelensky: Macron is Wasting His Time on Putin
(DBN)

Lindsey Graham: U.S. should designate Russia state sponsor of terrorism
(DBN)

Russia’s year of war: Purge of critics, surge of nationalism
(DBN)

Ukraine's Year of Pain and Death
(DBN)

Ukrainian grain shipments drop as ship backups grow
(DBN)

'Our tanks will be parked on Moscow's Red Square and that will be justice': Kyiv security chief vows to expel all Russian troops from Ukraine's soil and dubs Putin 'Hitler's twin'
(DBN)

Wagner chief complains of ammunition supply issues
(DBN)

Turkey Says Talks on Sweden’s NATO Bid to Resume in Brussels Turkey rejects links between NATO expansion, F-16 deal
(DBN)

Beijing ‘watching closely’ if Russia succeeds in Ukraine, NATO says Blinken says China might give weapons to Russia EU top diplomat says China will cross ‘red line’ if it sends arms to Russia China Looks to Convince World It Can Broker Russia-Ukraine Peace
(DBN)

U.S. officials believe China may be providing Russia non-lethal military assistance in Ukraine war
(DBN)

Zelensky urges Israel to send "David's Sling" to use "against Goliath"
(DBN)

The unexpected ‘winners’ of the war in Ukraine: The people, companies and countries that have benefited from the turmoil
(DBN)

____________

North Korea:

North Korea confirms ICBM test, warns of more powerful steps
(DBN)

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China:

Shares in a big Chinese investment bank plunge 20% after its billionaire founder goes missing
(DBN)

China allows Founder Group's finance unit to enter bankruptcy process
(DBN)

China's Maike Group applies to court for restructuring
(DBN)

Trade tensions seen hanging over U.S. firms’ caution over China
(DBN)

Beijing plans to hand out $6 a month to low-income families to help offset the cost of food. The amount will just about buy 2 Big Macs.
(DBN)

Blinken: China’s balloon incursion ‘must never happen again’ Blinken meets top China diplomat for 1st time since U.S. downed spy balloon US-China Meeting Intended to Ease Tensions Only Fueled Them Top Chinese diplomat: U.S. response to balloon "absurd and hysterical" DeSantis says Biden ‘neglecting’ domestic problems with Ukraine trip Biden's trip delivers starkest rebuke possible to Putin White House gave Russia heads-up about Biden’s Ukraine visit for ‘deconfliction purposes’ Biden Visits Kyiv in Surprise Wartime Trip Amid Air Raid Alerts
(DBN)

Congress delegation visits Taiwan in tense US-China moment
(DBN)

China Blasts US for Military, Cultural ‘Hegemony’ as Ties Sour
(DBN)

____________

MENA:

U.S. trying to get deal to prevent Israeli-Palestinian showdown at UN Israeli-Palestinian showdown at UN averted after U.S. mediation Israelis, Palestinians Held Secret Talks for Weeks Israel Pledges to Hold Off on New Settlements in Coming Months US Backs Statement Critical of Israel at UN
(DBN)

Israelis Block Homes, Roads Ahead of Vote on Judicial Changes Israeli protesters attempt to break into Knesset as judicial reform debate begins
(DBN)

EU Hits Iran With More Sanctions Over Protests Crackdown
(DBN)

Iran Nuclear Inspectors Detect Uranium Enriched to 84% Purity
(DBN)

____________

Turkey:

Turkey to Start Building 200,000 Homes in March, Erdogan Says Turkey hit by new 6.4-magnitude earthquake near Syrian border US announces $100 million in earthquake relief funding for Turkey and Syria
(DBN)

____________

Portugal:

Portugal Wants to Force Owners of Vacant Homes to Find Tenants
(DBN)

____________

Germany:

German Economy May Shrink Slightly This Year, Bundesbank Says
(DBN)

____________

India:

30% recovery in IBC so far, shows CareEdge data
(DBN)

IBC: Banks Can Be Operational Creditors Too
(DBN)

Maximising Settlements Under The IBC
(DBN)

Videocon bankruptcy: IBBI bars RBSA from taking new insolvency-related work
(DBN)

Former diamantaire Nirav Modi’s gems go on sale to pay off $1.5 billion
(DBN)

Bankruptcy cases rise 25% in Q3; recovery lowest at 23.45%: Care Ratings
(DBN)

Adani Credit Facilities Expose Collateral Web Full of Red Flags Stock Bearing the Brunt of Adani Rout Is at Risk of More Losses
(DBN)

Inflation in India Feels Higher Than What Official Data Reveal
(DBN)

Seattle considers historic law barring caste discrimination
(DBN)

____________

France:

French Get Cuisine Shock as Cost of Coq au Vin Soars
(DBN)

____________

Hong Kong:

Appleby’s Hong Kong Office Further Strengthens Its Corporate Restructuring Practice By Welcoming Lorinda Peasland As Partner.
(DBN)

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