February 24, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

The Most Searched For Biglaw Firms (2022)
(DBN)

Most deputy general counsel dissatisfied in current roles, new study shows
(DBN)

Lawyer hopes vanity license plate will add $2M to his bank account
(DBN)

UK: Law firm work/life balance ranked from worst to best
(DBN)

Harvey Not-So Marvy, Booze Lose, Fox Shox
(DBN)

Check On Your In-House Friends, They're Not Okay
(DBN)

A Strategic Approach: Tips For Growing Your Legal Practice During Economic Uncertainty
(DBN)

7 signs you're being lied to, according to a psychotherapist who's trained the FBI and CIA
(DBN)

Firm cancels student's interview ‘after hearing deez nutz voicemail’
(DBN)

Why Are Men So Obsessed With Their LSAT Scores?
(DBN)

Bar Exam Commission Probably Didn't Want To Release Its Report With Track Changes On
(DBN)

Alex Murdaugh Takes the Stand in Murder Trial Alex Murdaugh tells jury he 'did lie' about whereabouts on night of murders but blames drug use: I'd never 'intentionally' harm my wife and son Alex Murdaugh describes finding his son's 'brain laying on the sidewalk' on the night of the Moselle murders Alex Murdaugh testifies: 'I didn't shoot my wife or my son' Scratch 'Defense Lawyer Points Gun At Prosecutor In Court' Off Your Alex Murdaugh Trial Bingo Card Bomb threat to judge's chambers that halted Alex Murdaugh murder trial traced back to convicted kidnapper Prosecutor ignores murder allegations during Alex Murdaugh cross examination 'That was a lie': Alex Murdaugh notches significant victory with testimony about state's failed 'blood spatter' claims ‘Paranoid’ Murdaugh Drops a Bombshell on the Witness Stand
(DBN)

Steve Bannon sued by his own defense lawyers for failing to pay hefty legal bills associated with federal prosecutions
(DBN)

Federal Judge Orders Bannon Ally to End Harassment Campaign Against Creditors
(DBN)

Trump Claims Immunity From Carroll Defamation Suit Because He's A Journalist Now, Okay?
(DBN)

Judge: Trump Can be Deposed in FBI Lawsuit
(DBN)

Fox News execs' 2020 election outtakes in Dominion brief are media lawyer's 'nightmare,' expert says ‘Incredibly damning:’ Fox News documents stun some legal experts
(DBN)

Special counsel asks judge to compel Pence testimony in Trump probe, report says
(DBN)

Rep. Scott Perry argues in court against phone search in special counsel's Jan. 6 probe Jan. 6 rioter who assaulted officer and threatened AOC sentenced NASA intern who posted racist screed on Telegram poised to plead guilty in Jan. 6 Capitol attack Proud Boy: Our Revolution Failed
(DBN)

Trump investigation: Could grand juror’s words tank charges?
(DBN)

Dominion voting case exposes post-election fear at Fox News
(DBN)

Former Arizona AG sat on records refuting 2020 election fraud
(DBN)

Harvey Weinstein's prison term could double after sentencing in L.A. rape case Harvey Weinstein sentenced to 16 years in L.A. rape conviction
(DBN)

Alec Baldwin pleads not guilty to ‘Rust’ involuntary manslaughter
(DBN)

Attorneys allege Kenosha shooter Rittenhouse evading them
(DBN)

Florida man impersonates general counsel, law firm partner in fake Epstein probe
(DBN)

Legal advocates compare proposed asylum rules to Trump-era restrictions
(DBN)

Trudeau to Press Biden on New York-Quebec Border as Migrants Flow In
(DBN)

St. Louis crash suspect was out of jail and violated bond dozens of times before collision robbed visiting teen girl of both her legs Teen athlete loses legs; St. Louis prosecutor under scrutiny
(DBN)

Young girl, a news reporter, and woman dead after 19-year-old shooter goes on killing spree in Florida: Sheriff Man accused of killing TV reporter and 9-year-old was a known gang member, officials say
(DBN)

Suspect who allegedly killed a man 'over a boxing machine' captured after local farmer held him at gunpoint for police
(DBN)

Suspect in Mississippi mass shooting that left 6 people dead charged with capital murder
(DBN)

US mass killings linked to extremism spiked over last decade All U.S. extremist mass killings in 2022 linked to far right, report says Gov. Greg Abbott says most gun crimes involve illegally owned weapons. That’s not true in mass shootings.
(DBN)

Emojis count as financial advice and have legal consequences, judge rules
(DBN)

Teen winds up in ambulance after trying to carjack DC grandma on her way to chemo
(DBN)

Pregnant inmate seeks jail release because fetus is ‘innocent’
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Judges:

Colorado man faces $300K bond after suing, threatening multiple judges
(DBN)

Biglaw Partner Gets Benchslapped By Federal Judge, Avoids Criminal Contempt
(DBN)

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Wall Street:

Stock futures are little changed as investors await key inflation and consumer data: Live updates
(DBN)

A New Bankrupt Meme Stonk?
(DBN)

Billionaire financier Thomas H. Lee found dead of self-inflicted gunshot wound in NYC office: sources
(DBN)

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Layoffs:

Elon Musk faces upwards of $130 million in legal costs to fight laid off Twitter workers over severance pay
(DBN)

BASF to Cut 2,600 Jobs to Save Costs in Energy Crisis
(DBN)

Wells Fargo lays off hundreds of mortgage bankers
(DBN)

Camp K12 Fires 70% Employees, Refuses To Pay Salaries
(DBN)

Employees to rally following layoffs at Akorn Pharmaceuticals in Amityville Illinois-based Akorn announces sudden closure, layoffs, prompting state investigation
(DBN)

Layoffs not letting up: Impel, Cybin, EQRx all trim head counts with eyes on saving cash
(DBN)

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Tech:

Companies must use artificial intelligence to compete or go bankrupt as the pace of advancement soars, Ark Invest futurist says
(DBN)

Bill Gates and professors at top universities agree: The future belongs to those who master AI like ChatGPT
(DBN)

U.S. will create at least two chip manufacturing clusters by 2030, Raimondo says
(DBN)

A growing group of lawmakers think TikTok is ‘digital fentanyl’ and want to ban it. Many others remain skeptical.
(DBN)

AI-Human Romances Are Flourishing—And This Is Just the Beginning
(DBN)

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Crypto:

Bankman-Fried Prosecutors Allege Scheme to Shape Crypto Policy Sam Bankman-Fried's secret campaign donation strategy was 'woke s***' for liberals and 'dark' money for GOP, indictment says SBF funneled $100 million in political donations for ‘woke shit’ and to Republicans through 2 executives to appear bipartisan, prosecutors say in new indictment Bankman-Fried charged with hundreds of illegal campaign donations FTX founder Sam Bankman-Fried hit with four new criminal charges Sam Bankman-Fried deleted a Slack message and tweets after FTX’s top lawyer told the company to preserve records for regulators, prosecutors say
(DBN)

FTX Japan reports $50M in withdrawals since Feb. 21
(DBN)

Major banking authorities say stablecoin reserves pose liquidity risk
(DBN)

SEC Takes on Binance.US’s Voyager Acquisition in New Front to Crypto Regulation
(DBN)

Canada: Algorithmic Stablecoins Are Not Allowed Without Our Approval
(DBN)

SEC is not the appropriate regulator for stablecoins: Circle CEO
(DBN)

Internal chaos plagues Bannon-fronted $FJB cryptocurrency, critics say
(DBN)

BlockFi embroiled in bankruptcy drama over customer wallets
(DBN)

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Economy:

Corporate America’s profit rocket hits headwinds
(DBN)

Fed economists say the central bank will have to cause serious pain to Americans and the economy if it sticks to its current path
(DBN)

Yellen Sees Soft Landing as ‘Possible’ Outcome for US Economy
(DBN)

Yellen Says Ending War Most Important Thing for Global Economy
(DBN)

Employment rate for Americans with disabilities reached record high in 2022
(DBN)

OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
(DBN)

Q4 GDP Growth Revised Down to 2.7% Annual Rate
(DBN)

Weekly Initial Unemployment Claims decrease to 192,000
(DBN)

Millions of US Workers Are Still Missing After The Pandemic. Where Did They Go?
(DBN)

Younger US consumers struggle more with loan repayment than older cohorts
(DBN)

Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank
(DBN)

Jamie Dimon says the Fed has ‘lost a little bit of control of inflation’ Jamie Dimon says a soft landing is possible, but ‘scary stuff’ is ahead
(DBN)

What history says about debt standoffs
(DBN)

G-20 finance chiefs to tackle global economic threats
(DBN)

These are the top 10 richest places in America
(DBN)

Black families have grown their net worth more than others since the pandemic
(DBN)

Retirees lost 23% of their 401(k) savings in 2022, Fidelity says
(DBN)

Google tells employees in its Cloud unit to share desks and attend the office on alternate days
(DBN)

40% of employees in a 4-day work week trial reported fewer sleep issues
(DBN)

US Announces Tariffs on Russian Metals Including Aluminum European Gas Set for Weekly Gain as Cold Snap Looms for West Europe Set for Cold Snap as Heating Season Enters Final Month G-7 Sanctions Will Target Key Industries Aiding Russia’s War Diesel Pours Into Europe as Barrels From East Fill Russian Gap How Biden’s Shock-and-Awe Tactic Is Failing to Stop Russia
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
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Real Estate:

Bidding wars no more: Regular people have a better shot at scoring a home as investors flee once-hot cities from Phoenix to Atlanta
(DBN)

Realtor.com Reports Weekly Active Inventory Up 67% YoY; New Listings Down 18% YoY
(DBN)

U.S. Homeowners Have Lost $2.3 Trillion in Value Since June Peak
(DBN)

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Municipalities:

Puerto Rico Oversight Board gets support in PREPA case
(DBN)

DeSantis Defuses Disney Tax Bomb He Created
(DBN)

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Oil/Gas:

Rising Costs Will Continue To Erode U.S. Shale Profits
(DBN)

Natural gas futures prices have plunged 80% since August
(DBN)

Democrats urge EPA to tighten gas flaring restrictions to curb methane emissions
(DBN)

Which Countries Have Planned A Phase Out Of Gasoline Cars?
(DBN)

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Rail:

Ohio train derailment points to overheated wheel bearing, NTSB report finds Derailed Train Crew Warned of Overheated Axle East Palestine train crash investigators hunt for truth, as theories flourish Norfolk Southern blames misinformation for its derailed response 'We're afraid to shower': Fear and anxiety linger in Ohio town reeling from toxic train derailment Train crew had little warning before Ohio wreck, probe finds The toxic wastewater from the Ohio train crash is being sent 1,300 miles away to Texas, but local authorities weren't told until a week after it started arriving, county judge says Biden faces political threat with East Palestine train derailment
(DBN)

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Fraud:

Ozy Media CEO Carlos Watson arrested on fraud charges 'Con man' mogul Carlos Watson and 'criminal organization' Ozy Media indicted for allegedly defrauding investors Ozy CEO arrested after former exec pleads guilty to fraud
(DBN)

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Movie Theaters:

Cineworld says shareholders' equity may be wiped out under Chapter 11 deal Cineworld eyes resurrection from Chapter 11 bankruptcy - but world's second biggest cinema chain warns investors are set to lose out
(DBN)

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Climate:

Winter storm grips U.S. with power outages, rare California blizzard California faces blizzard threat as winter storm causes outages across U.S.
(DBN)

Record warmth envelops Mid-Atlantic during uneasy, snowless winter
(DBN)

France Eyes 'Unprecedented' Water Curbs After Driest Winter Since 1959
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Celebs:

Erika Jayne Demands Jury Trial In $25 Million Lawsuit Demanding She Repay Money Her Husband’s Firm Spent On Her
(DBN)

Turns Out the Dugger Family Was a Cult
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Healthcare:

Prison Healthcare Company Affiliate Files for Bankruptcy Amid Lawsuits
(DBN)

Axios-Ipsos poll: Republicans call opioids No. 1 health threat
(DBN)

Bird Flu Infects Another Person in Cambodia as Wider Worry Grows
(DBN)

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Autos:

Carvana net loss widens to $806 million in Q4 Carvana Reports Wider Loss as Used-Car Prices Tumble
(DBN)

Automakers Plans for EVs Don't Add Up
(DBN)

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Pharma:

Jounce Therapeutics Announces Restructuring, Layoffs
(DBN)

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Politics:

How Texas activists turned drag events into fodder for outrage
(DBN)

The right's new culture-war target: 'Woke AI'
(DBN)

Trump’s grip on the Republican base is slipping — even among his fans
(DBN)

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Cannabis:

How to Dissolve a Cannabis Entity
(DBN)

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Banking:

Credit Suisse Cuts Property Fund Payouts as Withdrawals Mount
(DBN)

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Newspapers:

Gannett eliminated 20% of its journalism jobs in 2022
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Alex Jones Says DOJ Wants to Seize His Cat for Sandy Hook Families
(DBN)

Alex Jones Discloses More Guns, Moving Crypto in Bankruptcy
(DBN)

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Bankruptcy Strategy:

Silencing Litigation Through Bankruptcy
(DBN)

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SCOTUS:

First Two Bankruptcy Opinions From The U.S. Supreme Court (Reily v. Lamar & U.S. v. Fisher)?
(DBN)

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Trustees:

Additional Chapter 7 Trustee Payments Suspended for FY 2022
(DBN)

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Discharge:

Justices narrow bankruptcy relief from debts incurred by fraud
(DBN)

Grammar Dooms Innocent Spouse in Non-Dischargeability Case
(DBN)

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Aviation:

Airline SAS posts smaller quarterly loss, optimistic for the summer SAS Expects To Leave Bankruptcy Protection Later This Year As Loses Shrink
(DBN)

Thai Airways’ fourth-quarter profit surges amid travel boom
(DBN)

India's SpiceJet posts surge in Q3 passenger revenue on travel rebound
(DBN)

Colombia's Viva Air changes CEO as it battles financial woes
(DBN)

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Education:

Unconstitutional laws used to prosecute 'obnoxious' or 'boisterous' school children struck down by federal court
(DBN)

Fired Teacher Threatens to Expose DeSantis
(DBN)

Colleges brace for the end of affirmative action
(DBN)

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Labor:

Major worker strikes increased nearly 50% last year as union popularity grew
(DBN)

Inside Amazon's Employee Revolt
(DBN)

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Hotels:

Travelers say hotel resort fees have gotten completely out of control. Now Biden wants to get rid of them.
(DBN)

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Finance:

Young VCs thought the good times would never end. They did, and now they're pissed.
(DBN)

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Student Debt:

How the Government Canceled Betty Ann’s Debts
(DBN)

Consovoy Boutique Firm Back to High Court in Student Loan Case
(DBN)

As the Supreme Court hears arguments on student loan forgiveness, three experts explain what’s at stake
(DBN)

Will The Supreme Court Kill Student Loan Relief?
(DBN)

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Coal:

Australian Coal Miner Allegiance’s U.S. Subsidiaries File for Bankruptcy
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 5.5% Compared to Same Week in 2019
(DBN)

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Sovereigns:

US-China Standoff Hits G-20 Effort to Revamp Poor Nations’ Debt
(DBN)

China calls for 'joint action' in debt settlements at G20
(DBN)

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UK:

Endgame in sight for the return of Creditor Winding Up Petitions
(DBN)

‘Surrey council close to bankruptcy with amassed debt of almost £2bn’
(DBN)

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EU:

Nagel Says Robust ECB Rate Hikes Beyond March May Be Needed
(DBN)

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Russia:

Putin vows to strengthen Russia's nuclear forces after suspending role in key treaty
(DBN)

Russia Drops Ominous Warning About Attack on Second Country
(DBN)

Preparing for Putin's long war
(DBN)

Russian Support for Putin’s War in Ukraine Is Hardening
(DBN)

China says Ukraine crisis must not spiral out of control China Calls for Cease-Fire as War in Ukraine Enters Second Year China Dismisses US Claim Over Possible Weapons Sales to Russia This Is China’s 12-Point Blueprint for Bringing Peace to Ukraine China Cease-Fire Proposal for Ukraine Falls Flat With US, Allies
(DBN)

Inside Israel's failed Ukraine-Russia mediation efforts
(DBN)

World War III is already here
(DBN)

UN to Vote on Russia Leaving Ukraine
(DBN)

Poland to Deliver First Leopard Tanks to Ukraine on Friday US Readies New $2 Billion Aid Package for Ukraine One year into Russia’s war in Ukraine: A look at U.S. aid, and why the U.S. is involved Zelensky Vows Year of Victory
(DBN)

Russia floats pushing back Poland's borders
(DBN)

Ukraine and the West prepare for the biggest reconstruction since World War II
(DBN)

Russia shot down several of its own planes in the early days of invading Ukraine, leaving it with few willing pilots, report says
(DBN)

In Russia-Ukraine war, more disastrous path could lie ahead
(DBN)

The Ukraine war has killed hundreds of thousands of people. His job is to collect the bodies.
(DBN)

Ukrainians on first anniversary of Russia’s war: ‘I worry a lot’
(DBN)

Ukraine war: When will there be peace?
(DBN)

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China:

US to Bolster Its Small Force on Taiwan in New Signal to China
(DBN)

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Malaysia:

Bankruptcy status of 130,000 insolvents will be automatically lifted
(DBN)

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India:

India's Zee Entertainment says merger with Sony will get stuck on insolvency proceedings Zee's Goenka moves NCLAT to challenge admission of bankruptcy proceedings Zee’s Insolvency Proceedings Halted by Indian Appeals Tribunal
(DBN)

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