February 22, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law Firms Mix Hiring, Firing to Protect Profits Amid Uncertainty
(DBN)

Former associate must repay law firm for failing to bill promised hours, top state court says Law Firm That Made Associates Pay Back Salary For COVID Slump Got $792K In PPP Loans
(DBN)

The Case for ChatGPT: Why lawyers should embrace AI Does ChatGPT produce fishy briefs? As Allen & Overy Deploys GPT-Based Legal App Harvey Firmwide, Founders Say Other Firms Will Soon Follow
(DBN)

Sidley Chair Sees ‘Time to Buy’ After Posting Record Revenue
(DBN)

Your Legal Career Is Sure To Take Off If You Graduate From This Law School
(DBN)

'She's texting us nonstop about various fake deals': Lawyer accused of stealing $10.25 million via fake clients and collateral is allegedly still trying to scam the same company
(DBN)

Sam Bankman-Fried's Bond Guarantors Reveal The Surprisingly Lucrative World Of Legal Academia
(DBN)

Delaware lowers bar pass score, eases path for lawyer licensing, article with image
(DBN)

Kim Kardashian's Latest Law School Endeavors
(DBN)

Hogan Lovells' Net Income Down 13% Due to Fewer Deals, Office Closures, Currency Instability Hogan Lovells sees revenue dip after record-breaking 2021
(DBN)

Alex Murdaugh trial: As defense begins in double murder case, here's where things stand Alex Murdaugh's surviving son testifies in his dad's defense: Always 'a lot of guns' Expert says Alex Murdaugh was too tall to fire the shots that killed his wife and son Alex Murdaugh’s trial judge calls out defense lawyer for tweet criticizing 'sloppy' law enforcement investigation and compares him to Kyrie Irving Buster Murdaugh tells jury of father's peers how he felt when learning mom and brother were shot to death: 'I was in shock'
(DBN)

Tucker Carlson Called Trump a ‘Demonic Force’ and Other Wild Texts From the Dominion Lawsuit
(DBN)

Steve Bannon Goes Shopping For New Lawyers Even As His Old Lawyers Are Suing Him For Unpaid Bills
(DBN)

CNN will depose Michael Flynn's family members in coming weeks, network's lawyer says
(DBN)

Three key Trump figures intersect two Justice Department probes
(DBN)

‘It’s Not a Short List’: Trump Probe Grand Jury to Recommend Slew of Indictments Georgia special grand jury wants multiple indictments for Trump's efforts to overturn 2020 election: 'It's not rocket science' Georgia Grand Jury Recommended Indictments for More Than a Dozen
(DBN)

Bennie Thompson rips McCarthy for giving Tucker Carlson Jan. 6 footage Capitol security officials surprised by McCarthy-Carlson deal on Jan. 6 footage What we know about McCarthy's decision to grant Tucker Carlson exclusive access to Jan. 6 security camera footage
(DBN)

‘You Should Not Be Allowed to Run the Government You Tried to Overthrow’
(DBN)

FBI agent shoots dog to death in ritzy Philadelphia neighborhood, agency says
(DBN)

Texas 3rd grader finds gun superintendent left in school bathroom
(DBN)

Supreme Court could weigh gun manufacturers' liability for shootings
(DBN)

Qualified Immunity: Supreme Court rejects Ohio man’s bid to sue police over arrest for Facebook parody
(DBN)

15-Year-Old Charged With Homicide as an Adult After Teen’s Fentanyl Overdose
(DBN)

Border Patrol now begs for help to stop 800% surge of migrants sneaking in from Canada
(DBN)

New Biden policy limits asylum access at the southern border Biden proposes severe asylum restrictions at the border
(DBN)

Pride flag set on fire outside NYC restaurant
(DBN)

Jes Staley’s Creep-Off With Jeffrey Epstein Revealed
(DBN)

Cigarette butt left at 1971 crime scene solves cold case murder of Vermont woman: Police
(DBN)

Man previously convicted of beheaded dog faces possible life sentence for 'attempting to violently eliminate the entire LGBTQ community' in Montana town
(DBN)

The vast majority of criminal cases end in plea bargains, a new report finds
(DBN)

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Judges:

Finalists Chosen for Cleveland Judgeship Vacancy
(DBN)

NM Bankruptcy Court: Reappointment of Incumbent Bankruptcy Judge Jacobvitz
(DBN)

This Isn’t Your (Founding) Fathers’ Originalism
(DBN)

Supreme Court probes social media immunity in ISIS videos dispute SCOTUS Is Hearing Arguments Against Section 230. Everyone Else Is Hearing How Unprepared The Plaintiffs Are Justices seem unlikely to roll back Section 230 protection for YouTube in ISIS videos case, as Kagan mocks Supreme Court's lack of internet know-how
(DBN)

The Supreme Court Just Prevented One Of The Most High Stakes Encyclopedia Battles Ever From Happening
(DBN)

How Clarence Thomas went from a left-wing Black radical to one of the Supreme Court's most conservative judges 0:08 8:29 Here are some of the most contentious Supreme Court nominations in US history
(DBN)

Trump ally with ties to 'fake elector' scheme advances in Wisconsin Supreme Court race
(DBN)

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Wall Street:

Stock futures are slightly higher as investors brace for Fed minutes
(DBN)

Dow drops nearly 700 points as higher rates rattle investors
(DBN)

'We haven't left the bubble': Wall Street's elite investors are privately warning that the stock market is headed for a second wave of pain
(DBN)

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Layoffs:

McKinsey to cut up to 2,000 staff in one of its biggest round of layoffs ever
(DBN)

Even hackers are getting laid off: As companies beef up cybersecurity, one hacker group reportedly let go of 45 telemarketers tricking people into inviting ransomware
(DBN)

Civic Financial Services To Cut 200 Jobs In Q2
(DBN)

Ericsson to Cut 1,400 Staff. Telecom Firms Are Joining the Tech Jobs Rout.
(DBN)

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Cosmetics:

Revlon reaches lender settlement, sends bankruptcy plan to vote
(DBN)

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Pharma:

Sorrento Therapeutics surges 28% as court nods for a $75M loan
(DBN)

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Nursing Homes:

Wave of rural nursing home closures grows amid staffing crunch
(DBN)

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Healthcare:

Sanders: Medicare-for-all ‘ain’t going to happen’ in divided Congress
(DBN)

____________

Economy:

US credit card debt now totals nearly $1 trillion
(DBN)

US Household Debt Highest Since 2008
(DBN)

Here's why history's most reliable recession indicator no longer works
(DBN)

Home Depot raises starting pay to $15 an hour
(DBN)

Global Bonds Are Set to Erase 2023 Gains
(DBN)

Biden’s Promises on Social Security and Medicare Have No Basis in Reality
(DBN)

Economic tailwind from flush states
(DBN)

Amazon employees push CEO Andy Jassy to drop return-to-office mandate
(DBN)

I'm a millennial who manages Gen Z workers. The hardest thing about it is dealing with all their 'feelings about work.'
(DBN)

Russian mercenary leader Yevgeny Prigozhin's oil, gas, gold and diamond businesses generated $250 million in revenue despite sanctions, report says The countries giving the most support to Ukraine – and those propping up Russia Putin took a swipe at oligarchs who have fled abroad, while asking them to come back and invest in Russia
(DBN)

4-day workweek trial: Shorter hours, happier employees Dozens of British employers stick to 4-day workweek after pilot Bernie Sanders says it's time for a four-day work week
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Landlords Beware: The Bankruptcy Court for the Southern District of New York Reverses Course on the Calculation of Lease Rejection Damages in Bankruptcy
(DBN)

The rise of corporate landlords in the U.S.
(DBN)

MBA: Mortgage Purchase Applications Decreased Sharply, Lowest Since 1995
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.64% in January"
(DBN)

NAR: Existing-Home Sales Decreased to 4.00 million SAAR in January; Median Prices Down 13.2% from Peak in June 2022
(DBN)

NAR: Existing-Home Sales Decreased to 4.00 million SAAR in January
(DBN)

CoreLogic: "US Annual Rent Price Growth Dropped by Nearly Half in December"
(DBN)

The US housing market could be close to bottoming out as existing home sales plunge to their lowest level since 2010, National Association of Realtors says
(DBN)

Pyramid's Crossgates Mall loans lurch toward default once again
(DBN)

____________

Municipalities:

Bondholders launch new attacks on PREPA plan and disclosure
(DBN)

Jackson water crisis caused by 'decades of under-investment,' says DOJ-appointed manager
(DBN)

Puerto Rican universities adapted through crises, offering lessons, a new report finds
(DBN)

____________

Oil/Gas:

State demand for offshore wind nearly doubled in 2022: report
(DBN)

____________

Student Debt:

What Biden’s Debt Relief Plan Actually Does—and How It Is Tailored to Respond to the Pandemic
(DBN)

____________

Sports:

What will NBA do if Bally Sports goes bankrupt? Commissioner Adam Silver talks TV concerns.
(DBN)

____________

Rail:

Buttigieg presses railroads to speed up safety changes after fiery Ohio derailment DOT pledges new actions on hazardous trains, asks Congress and industry to also take steps EPA orders Norfolk Southern to clean up Ohio train derailment site and pay all costs As residents near Ohio train derailment begin to file lawsuits, some report coughs or chest pain Buttigieg says he plans to visit East Palestine with focus on ‘action’ US Rail Industry in Need of Urgent Reform
(DBN)

____________

Mass Torts:

Tesla: Growing Full Self-Driving Liability Could Be Massive
(DBN)

____________

Politics:

What It Looks Like When the Far Right Takes Control of Local Government
(DBN)

Ron DeSantis tramples over Trump turf with his outreach to law enforcement
(DBN)

Trump labels Fox News 'RINO' network over DeSantis coverage
(DBN)

The shadow DeSantis-Trump primary keeps getting closer
(DBN)

Cheney blasts Marjorie Taylor Greene's call for a 'national divorce' between liberal and conservative states
(DBN)

Rep. George Santos admits being a 'terrible liar' while doubling down on some of his most dubious claims Santos says he didn’t think people would find out about lies because he ‘got away with’ them during 2020 campaign
(DBN)

The bipartisan odd couple banding together to fight election deniers in Arizona
(DBN)

Democrats pounce on GOP ‘woke-waste’ attacks
(DBN)

Texas Republican seeks a ban on polling places at schools in the name of 'school safety' Republicans take aim at elections and how Texas conducts voting, prosecutes voter fraud
(DBN)

House committee asks ex-Serbian official for documents related to Hunter Biden
(DBN)

Why Disney Won't Fight DeSantis in Court
(DBN)

____________

Banking:

Credit Suisse Collapses on the Stock Market
(DBN)

____________

Retailing:

Bankrupt Party City Needs Halloween Costumes. Some Vendors Want a Hedge.
(DBN)

____________

Autos:

New cars now just for the rich as automakers rake in profits
(DBN)

Traders have lost $7.6 billion betting against Tesla over the past month as the stock has surged
(DBN)

Is price parity here? Tesla cheaper than average U.S. car by $5,000 on string of cost cuts
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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)

Aviation:

Airlines Turn Market Darlings as Covid Forces Business Rejig
(DBN)

Flyr administrator pessimistic over creditors’ claims
(DBN)

____________

Labor:

Employers can't force you to keep quiet to get severance, labor board decides, reversing Trump-era rulings
(DBN)

____________

Movie Theaters:

Cineworld Receives 40 Bids From Potential Buyers for Non-U.S. Assets Bankrupt Cineworld Says It Had Lowball Bids “For All Or Some” Assets; Hopes To File Restructuring Plan Next Week
(DBN)

____________

Religion:

New archive of Santa Fe clergy abuse documents hailed as unprecedented
(DBN)

Diocese of San Diego accused in lawsuit of transferring real estate assets to avoid paying settlements
(DBN)

The Mormon Church settles allegations it hid $32 billion in investments. A top exec said the church was worried its staggering wealth would cause members to stop donating.
(DBN)

Housekeeper's handyman husband suspected of murdering Catholic bishop in Los Angeles — what we know so far
(DBN)

____________

Tech:

Justices weigh liability protections for online content Justices puzzled as Supreme Court hears arguments over internet liability shield Supreme Court sounds wary of weakening Section 230 to allow lawsuits against internet giants
(DBN)

Boston Internet Provider Starry Files for Chapter 11 Bankruptcy Starry’s troubles continue as it files for Chapter 11
(DBN)

____________

Broadway:

Ben Platt Speaks Out After First Broadway Performance of 'Parade' Was Met with Antisemitic Protesters
(DBN)

____________

Crypto:

The Crypto Bankruptcy Wave
(DBN)

The Treatment of Cryptocurrency Assets in Bankruptcy
(DBN)

Bankman-Fried Resists Testifying in Voyager Digital Bankruptcy
(DBN)

Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis
(DBN)

Bitcoin has made a 'phenomenal' comeback as it shakes off the crypto crisis, but a stubbornly strong economy puts the rally at risk
(DBN)

Crypto firm Polygon Labs cuts 100 positions as rout worsens
(DBN)

CoinShares remains afloat despite heavy FTX losses: Q4 report
(DBN)

Coinbase swings to quarterly loss as crypto winter hits trading volume
(DBN)

£15m Oxford property purchase not funded by failed crypto platform, says charity
(DBN)

____________

Climate:

Climate change is making winter weather warmer and "weirder"
(DBN)

Winter storm to slam U.S. with blizzard conditions, record temperatures Residents in 22 states preparing for potentially record-breaking winter storm Parts of northern U.S. shut down as major winter storm threatens historic snowfall
(DBN)

____________

Education:

Thirty organizations call for College Board CEO to resign over changes to AP African American studies course
(DBN)

____________

Sovereigns:

Pakistan's financial crisis may see ISI fund cap, half of Cabinet working without pay Imran Khan plans mass protests as Pakistan races to secure IMF deal
(DBN)

____________

UK:

Surrey council on brink of insolvency with debts of nearly £2bn
(DBN)

____________

Russia:

Wagner Group Chief Accuses Russian Military Command of Treason Russian officials are denying ammunition to Wagner fighters - group founder
(DBN)

Russia’s War Machine Tested by Rift Between Military, Wagner Group
(WSJ)

Putin slams West, casts Russia as victim in state-of-nation speech Russia summons US ambassador to Moscow to protest ‘expanding’ involvement in Ukraine Chaos wrought by Russia in Ukraine reveals chilling reality: How far is Putin willing to go?
(DBN)

'No sweeter word than freedom': Biden assails Putin and vows to keep helping Ukraine Biden says "Ukraine will never be a victory for Russia" in major speech from Poland Biden takes aim at Russian president in Warsaw speech: ‘Putin chose this war’ In Europe, Biden makes his pitch to be democracy’s general
(DBN)

China ‘deeply worried’ Russia-Ukraine war could spiral out of control NATO ‘increasingly concerned’ China may arm Russia against Ukraine Why China’s Ukraine balancing act might be tilting in Putin’s favor
(DBN)

Liz Truss: UK should have ‘done more earlier’ to counter Vladimir Putin
(DBN)

The West Is Avoiding the Big Question About Ukraine
(DBN)

Inside a battered Ukrainian city bracing for a new Russian attack
(DBN)

Defiant and regretful Putin prepares Russia for a long war
(DBN)

____________

China:

China allows Peking University Founder Group’s finance unit to enter bankruptcy process
(DBN)

Economic coercion is China's favorite new foreign policy tool
(DBN)

Kyocera: Biden Chip Controls Will Tank China Manufacturing
(DBN)

____________

Mexico:

Former Mexican top cop found guilty of distributing 58 tons of cocaine
(DBN)

____________

Romania:

Vivre Deco files for insolvency, bondholders face bleak prospect
(DBN)

____________

MENA:

US supreme court lets Arkansas law penalising Israel boycotts stand
(DBN)

____________


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