February 27, 2023

The Daily Bankruptcy News

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Law:

Biglaw's Hiring 'Frenzy' Has Ended, And Signing Bonuses Have 'Evaporated'
(DBN)

What You Need To Know About The Biglaw Job Market
(DBN)

The Biglaw Firms Behind The Abortion Defense Network
(DBN)

Attorney Sued For 'Quiet Quitting' Her Law Firm Job
(DBN)

Legal Ed data shows decrease in first-time bar pass rates
(DBN)

A 'Preview' Of The 2024 U.S. News Law School Rankings
(DBN)

Vaporware Technology Won’t Hide Your Firm’s Business Model Problems
(DBN)

The Lonely Lawyer
(DBN)

In murder trial cross-examination, prosecutors focus on ex-lawyer Murdaugh’s financial misdeeds and his ‘new story’ Alcohol, abuse & ample allegations: Netflix Murdaugh doc exposes low country secrets Alex Murdaugh charged and arrested again for unknown misdemeanor offense 'Horrible move': criminal defense attorneys criticize Alex Murdaugh taking the stand in his defense 'It was so over the top': Alex Murdaugh describes 'vile threats' against his youngest son over drunken boat crash that killed 19-year-old girl
(DBN)

The Fight Over DOJ Records Has Two Leading Men and a Lot of Accusations
(DBN)

Mike Lindell Gonna Sue Kevin McCarthy For Only Letting Tucker Carlson Endanger Congress
(DBN)

Judge tosses ethics case against Sidney Powell, citing ‘numerous defects’ in regulator’s exhibits Sidney Powell Avoids Disbarment As Judge Refuses To Consider Misnumbered Exhibits... Seriously.
(DBN)

Texas asks a Trump judge to declare most of the federal government unconstitutional
(DBN)

Former FBI agent Peter Strzok can depose Donald Trump in DOJ lawsuit: Judge Maybe Trump Will Go Under Oath For Pete Strzok And Lisa Page. But Don't Hold Your Breath.
(DBN)

Legal walls close in on Trump as special counsel, Georgia investigations hurtle toward possible charges
(DBN)

Ohio man seen hanging from tunnel during violent Capitol clash on Jan. 6 sentenced for felony convictions
(DBN)

A woman invited her family to her wedding in Mexico. They kidnapped her to arrange a forced marriage to another man for $500,000 instead.
(DBN)

Ex-Kentucky Student Indicted for Racist-Fueled Attack Caught on Camera
(DBN)

'Rust' armorer can keep gun in home pending trial after persuading judge she needs it for 'self-defense'
(DBN)

‘The lady in the fridge’ identified through DNA analysis 27 years after murder
(DBN)

2 fatally shot, 3 injured after celebration of life event at Minnesota senior center
(DBN)

'A lot of information': Investigation into 6 year old who shot teacher is 'very different' than what law enforcement is used to but has moved on to DA's office
(DBN)

Triple murder suspect misses court due to 'mental health' after killing girl, news reporter, and woman
(DBN)

Congressman Henry Cuellar says Biden's rule to restrict asylum is 'reasonable'
(DBN)

Tennessee first state to ban drag shows
(DBN)

Arizona House Passes a Bill That Would Force Children To Say the Pledge of Allegiance
(DBN)

Vogue has called them the new celebrity "It" item. And lately, police say a roving team of thieves in NYC is using mopeds to snatch and grab the $549 Apple AirPods Max right off the heads of unsuspecting victims.
(DBN)

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Judges:

Are Judges Paid Enough Money?
(DBN)

Clarence Thomas was still making student loan payments when he joined the Supreme Court — and a fellow Yale law student suggested he declare bankruptcy to avoid the 'crushing weight' of payments Justice Thomas wrote of 'crushing weight' of student loans
(DBN)

Republican Lawmakers Request Documents from Co-chairs of Biden’s Supreme Court Commission
(DBN)

How a Supreme Court justice's paragraph put the Voting Rights Act in more danger
(DBN)

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Wall Street:

Stock futures rise after major averages suffer biggest weekly losses of the year
(DBN)

Global stocks tumble after US figures show taming inflation ‘far from over’
(DBN)

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Layoffs:

Not even Google's cleaning robots are safe from the tech industry's layoffs and cost-cutting efforts
(DBN)

Twitter lays off at least 50 in relentless cost cuts Twitter Cuts More Engineering, Product Jobs to Curb Costs
(DBN)

Ericsson Prepared To Slash 8.5K Jobs Globally, North America To Take Maximum Hit
(DBN)

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Autos:

Tesla lost its edge — and Elon Musk has no one but himself to blame 'The Cinderella ride is over for Tesla' Elon Musk has promised self-driving Teslas for years. Experts say it's not even close Elon Musk accuses Ralph Nader of 'lying' over claims he took 'taxpayers to the cleaners' with Tesla Tesla Owners Stay Loyal Through Elon Musk’s Many Controversies Tesla Driver Crashes into Girl Scout Stand
(DBN)

Electric vehicle drivers get candid about charging: 'Logistical nightmare'
(DBN)

It Can Get Worse for Carvana
(DBN)

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Student Debt:

US uses ‘compromise and settlement’ to erase law grad’s $329K debt; would it work on grander scale?
(DBN)

How the Biden administration will try to save its student loan relief plan at the Supreme Court
(DBN)

Supreme Court case against Biden student debt relief could hinge on Missouri
(DBN)

____________

Education:

White student sues historically Black college for $2 million over racial discrimination
(DBN)

Teachers Are Quitting in Droves and Posting About it on TikTok
(DBN)

Florida teacher's aide violently attacked after taking student's Nintendo Switch
(DBN)

Elon Musk calls US media and schools ‘racist against whites & Asians’
(DBN)

Some Nebraska Schools Going to 4 Day Week
(DBN)

A viral high school tour underscores the haves and have-nots in America's schools
(DBN)

Conservatives’ war on emotions in the classroom
(DBN)

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Mass Torts:

94 Women in Utah Said Doctor Assaulted Them. A Judge Threw Out Their Case
(DBN)

'You want my children next?' Shameless InfoWars host Alex Jones slams DOJ for 'harrassing' him to sell his $2,000 ragdoll cat Mushu and give proceeds to Sandy Hook families he defamed Alex Jones claims authorities want to take his expensive cat because he's bankrupt. He's leaving out the fact he gave his wife and parents $1.3 million last year.
(DBN)

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Sports:

Warner Bros. Discovery plans to stop broadcasting regional sports as financial troubles grow across industry, reports say Warner Bros. Discovery finally bailing out of regional sports - report
(DBN)

Another Provider Wants to Exit the RSN Space, Meaning MLB Could Take Back Even More Local Streaming Rights
(DBN)

Knights have uncertain local TV future, according to reports
(DBN)

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Economy:

High Frequency Indicators: Airlines Back to Pre-Pandemic Levels, Movie Tickets Still Down
(DBN)

Personal Income increased 0.6% in January; Spending increased 1.8%
(DBN)

Despite high inflation, Americans are spending like crazy — and it's kind of puzzling
(DBN)

Billionaire investment guru Warren Buffett issues stark inflation warning: 'Fiscal deficits have consequences'
(DBN)

Biden on economy: 'It's understandable why people are just down'
(DBN)

Q1 GDP Tracking: Close to 2%
(DBN)

Wheat Price Slump Heralds Further Drop in Global Food Inflation
(DBN)

The 4-day workweek: Science explains why it could improve our minds, bodies, and companies' bottom lines
(DBN)

Food banks, already struggling with high demand, are bracing themselves for an onslaught once emergency food stamps wind down: 'This is really, really going to hurt some of the most vulnerable populations'
(DBN)

Summers Says Price Caps on Russian Energy Should Be Tightened France says sanctions on Russia are ‘very efficient,’ more are being considered
(DBN)

Why Are So Many Young Men Single And Sexless?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Black Knight: Mortgage Delinquencies Decreased in January
(DBN)

Eviction Protections are Gone
(DBN)

New Home Sales Increase to 670,000 Annual Rate in January; New Home Average Prices Down 5.3% Year-over-year New Home Sales at 670,000 Annual Rate in January
(DBN)

Home prices will sink in these cities that were once red hot as supply starts to overwhelm demand
(DBN)

'Home equity theft': A recent study says 12 states allow local governments to seize far more than what's owed from homeowners who are behind on taxes
(DBN)

A man died of a stroke days after a realtor found him lying on the floor but did not call for help, says report
(DBN)

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Municipalities:

Puerto Rico needs affordable, reliable energy
(DBN)

____________

Tech:

Elon Musk-led Twitter has been sued by at least six companies for failing to pay bills
(DBN)

It's not just you: Cybercriminals are also using ChatGPT to make their jobs easier
(DBN)

What Elon Musk, Bill Gates, and 12 other business leaders think about AI tools like ChatGPT
(DBN)

Justice Department Sues Huge Search Engine For Destroying Evidence During Antitrust Suit
(DBN)

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Retailing:

Can’t figure out this economy? Walmart, Home Depot are having trouble, too
(DBN)

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Crypto:

Utility Companies Face Credit Risk from Bankruptcies of Crypto Miners
(DBN)

Bitcoin’s Fizzling Two-Month Rally Holds a Warning for Investors
(DBN)

Disgraced FTX founder Sam Bankman-Fried has another big problem: He won't shut up The Fall of FTX and Sam Bankman-Fried: A Timeline Temasek, other institutions sued for allegedly aiding and abetting FTX fraud
(DBN)

‘Italian FTX’ Leaves Users in Limbo, Citing ‘Difficulties in Liquidity Management’
(DBN)

Texas objects to Voyager-Binance.US deal, court filing shows $1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds: Texas Regulators SEC casts doubt over Binance.US’ deal to acquire Voyager Digital’s assets
(DBN)

Voyager is selling crypto assets through Coinbase, suggests on-chain data
(DBN)

Crypto firms brace for ‘carpet-bombing moment’ in U.S. as Europe beckons
(DBN)

Teacher Charged After Crypto Mining Operation Discovered in School Crawl Space
(DBN)

3AC Liquidators to Sell Multimillion-Dollar Portfolio of Seized NFTs
(DBN)

____________

Climate:

France to Enforce Water ‘Sobriety Plan’ Amid Severe Drought Risk
(DBN)

Offshore Wind’s Carbon-Cutting Promise Imperiled by Scarce Ships
(DBN)

Tornadoes reported in central U.S. as storms leave nearly 250,000 without power across the country
(DBN)

Hurricanes Moving Farther North to Pummel Millions More Homes in US
(DBN)

Epic winter storm turns Southern California snow white
(DBN)

Parts of US See Earliest Spring Ever
(DBN)

Ice Sheet Collapse at Poles to Start Soon
(DBN)

____________

Politics:

DeSantis’s office says he will boycott NBC, MSNBC over Andrea Mitchell question on Black history 0:01 1:59 DeSantis’s office says he will boycott NBC, MSNBC over Andrea Mitchell question on Black history Longtime Trump backers flock to DeSantis event Rick Wilson Pours Cold Water on DeSantis Future Ron DeSantis' 2024 campaign emerges from the shadows
(DBN)

Trump, Haley to battle for spotlight at CPAC
(DBN)

Most Americans support Haley’s proposed competency test for politicians over 75: poll
(DBN)

Pence Gets Off EPIC Burn On Trump In Exclusive NBC News 2024 Trash-Talking Sesh
(DBN)

George Santos lied to a judge in 2017 bid to help a ‘family friend’ charged with fraud
(DBN)

Jim Jordan’s ‘Weaponization Committee’ Is Misfiring
(DBN)

The QAnon ‘Meme Queen’ Wants Trump To Help Her Convicted Pedophile Son
(DBN)

GOP primary candidates must agree to loyalty pledge in order to debate, RNC chair says
(DBN)

Failing at polls, election deniers focus on state GOP posts
(DBN)

Paul Ryan says he won't attend RNC if Trump is Republican nominee
(DBN)

As Republicans start investigating Biden, the White House war room is ready to fight
(DBN)

Woody Harrelson Really Blew It on SNL
(DBN)

Turns Out Dilbert's Creator is Kind of Racist
(DBN)

____________

Agribusiness:

Black farmers worry new approach on 'race neutral' lending leaves them in the shadows
(DBN)

____________

Movie Theaters:

Regal Cinemas owner says shareholders could be wiped out after a lack of successful takeover offers
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

Discharge:

High Court Holds Imputed Liability for Fraud Is Non-Dischargeable Under Bankruptcy Code Section 523
(DBN)

Does the Left Hand Need to Know What the Right Is Doing: The Supreme Court Holds That Fraudulent Debts of One Partner Cannot Be Discharged by an Innocent Partner
(DBN)

SCOTUS Holds Fraud-Discharge Exception Extends to All Debts Procured by Fraud Irrespective of Debtor’s Culpability
(DBN)

U.S. Supreme Court Determines a Fraudulent Debt Cannot Be Discharged, Regardless of Debtor’s Culpability
(DBN)

U.S. Supreme Court Holds Chapter 7 Debtor Liable for Fraud Based on Business Partner’s Acts
(DBN)

____________

Aviation:

Strikes hit 2 airports over workers pay dispute
(DBN)

More than 2,500 flights canceled as winter storms slam large part of nation
(DBN)

____________

Fraud:

NC Insurance Mogul Tried to Scheme Millions
(DBN)

____________

Electricity:

Largest U.S. grid operator warns of coming power capacity shortfalls
(DBN)

____________

Healthcare:

Covid-19 Pandemic Most Likely Came From Lab Leak What we know about Energy Department’s lab leak conclusion Assesses with 'low confidence' A newly reported classified US government missive on the lab leak theory shows we still don't know where COVID-19 came from
(DBN)

FDA authorizes combination flu-COVID test for home use
(DBN)

Millions who rely on Medicaid may be booted from program
(DBN)

Doctors who touted ivermectin as covid fix now pushing it for flu, RSV
(DBN)

COVID Feb 24, 2023: Update on Cases, Hospitalizations and Deaths
(DBN)

Medical license suspended for New Jersey doctor who allegedly pressured patient for a sex act so he could 'get motivated' during surgery
(DBN)

Medieval medicine: the return to maggots and leeches to treat ailments
(DBN)

____________

Rail:

‘Sound like Mickey Mouse’: East Palestine residents’ shock illnesses after derailment Residents are reportedly getting sick in Ohio town where train derailed with toxic chemicals: 'It's pretty bad' How a small-town train derailment erupted into a culture battle Ohio Train Derailment Contamination Fears Spread Beyond East Palestine Norfolk Southern Cleared by EPA to Resume Ohio Waste Shipments People living near the Ohio train derailment will have to watch their health for years
(DBN)

____________

UK:

HSBC Looks to Halve London Head Office Space, Sunday Times Says
(DBN)

Sunak Says He Won’t Sign N. Ireland Deal That Doesn’t Fix Problems Britain and EU close in on crucial Brexit deal for Northern Ireland
(DBN)

Top leaders to meet as Brexit deal edges closer Britain's Sunak in final push to get Brexit done
(DBN)

Birmingham cinemas among dozens at risk across UK as Cineworld issues update Full list of Cineworld locations at risk of closing down as firm falls into administration
(DBN)

____________

Russia:

Casualties, Cost and Weapons: Russia's Invasion of Ukraine by the Numbers
(DBN)

Russia braces for civil war chaos as Kremlin opposition votes for 'Revolutionary Act'
(DBN)

Putin says Ukraine war poses existential threat to ‘Russian people’
(DBN)

Zelensky sacks commander of Ukraine’s joint forces
(DBN)

The strengths and weaknesses of Volodymyr Zelenskyy
(DBN)

CIA director says Russian counterpart ‘understood’ warnings against using nuclear weapon
(DBN)

Russia stares into population abyss as Putin sends its young men to die
(DBN)

Ukraine Eyes Support From Saudi Arabia After Minister’s Visit
(DBN)

A single mother escaped Kyiv with her 5-year-old at the onset of the Russian invasion. She is one of 8 million refugees who can only dream of returning home.
(DBN)

When Washington Realized Russia Was Invading Ukraine
(DBN)

No 'option but to win' - Ukrainian civilians on frontlines stubbornly cling to life as troops repel Russians
(DBN)

Here’s what arming Ukraine could look like in the future
(DBN)

‘That’s my neighbor’: Mariupol residents’ shock at Putin’s parade line-up
(DBN)

Tense moment as Russia's UN ambassador interrupted a minute of silence for victims of Ukraine war at Security Council
(DBN)

US, Poland And Germany May Hold Joint Manoeuvres
(DBN)

Vladimir Putin's Big Backfire
(DBN)

Turkey Says NATO Talks With Sweden, Finland to Resume on March 9
(DBN)

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China:

Competition, division between enforcement and bankruptcy laws
(DBN)

US joins EU in rejecting Beijing's peace proposal, sanctions more Chinese firms US Sees China in ‘Awkward’ International Position Over Ukraine China hasn't yet provided weapons to Russia in Ukraine, but doing so would be 'real mistake': Sullivan
(DBN)

Covid-19 pandemic most likely came from lab leak in China: US agency
(DBN)

China’s Uneven Recovery Continues With Industrial Sector Lagging
(DBN)

Nearly a Third of China Provinces Face Higher Local Debt Worries, Fitch Says
(DBN)


CIA director ‘can’t say’ what Chinese leadership knew about spy balloon
(DBN)

____________

Australia:

Australia Recession Risk Rises as RBA Seen Hiking More Than Fed
(DBN)

____________

Switzerland:

The small European nation of Switzerland beat sky-high inflation. Here’s how
(DBN)

____________

Hungary:

How does restructuring work in Hungary? What does the Hungarian Restructuring Act hold in store?
(DBN)

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