February 28, 2023

The Daily Bankruptcy News

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Law:

Top 50 Biglaw Firm Announces Layoffs
(DBN)

Biglaw Firms Made Fewer Summer Associate Offers This Fall
(DBN)

Barbara Becker Is Driving Gibson Dunn Into Big Law’s New Era
(DBN)

Attorney Accused Of 'Quiet Quitting' In Lawsuit Files Countersuit Alleging Discrimination
(DBN)

Which law schools are choosiest? Washington University is in top five, while Yale is mostly No. 1
(DBN)

Brand New Ranking Switches Up The Top Law Schools In The Country
(DBN)

The Bar — Lowered: The Data Is In
(DBN)

Law Professor Can't Possibly Be This Dense, Right?
(DBN)

After 'crazy' courtroom attack, Wisconsin defense lawyer ditches client charged with meth-fueled decapitation murder
(DBN)

How To Choose A Live Chat Provider For Your Law Firm
(DBN)

Lady Gaga failed to pay promised $500K for return of stolen bulldogs, suit alleges; plaintiff was charged in case Woman charged in connection with theft of Lady Gaga's French bulldogs sues for reward money: You said 'no questions asked'
(DBN)

Law student claims TC interview offer at US firm’s London office was ‘rescinded’ after ‘bofadeez nutz’ voicemail
(DBN)

Jury in Murdaugh murder trial will get to visit property where wife and son were killed Defense's witness in Alex Murdaugh case tries to sow reasonable doubt with '2-shooter' theory Alex Murdaugh's defense team to rest Monday after his shocking admission on stand Murdaugh Defense Trots Out Two-Shooters Theory
(DBN)

Rupert Murdoch knew Fox News hosts endorsed false election fraud claims, depositions shows Murdoch Testified Fox Commentators ‘Endorsed’ Trump’s 2020 Election Lie 10 biggest revelations from Dominion's explosive Fox News legal filing Dominion bombshells reveal how Rupert Murdoch, Paul Ryan, and Fox’s top lawyer secretly reacted to Trump's 'wild' election claims
(DBN)

New details point to CIA role in Mandela's arrest
(DBN)

Top Congressional Leaders Will Get Briefing on Classified Documents
(DBN)

Former Trump attorney says Georgia grand jury foreperson comments about investigation into election subversion 'not consequential'
(DBN)

FBI arrests man dubbed 'Sedition Panda' for allegedly storming Capitol wearing bear head
(DBN)

Texas DPS Duped by Organized China Crime
(DBN)

‘Rust’ and a look at criminal liability on movie sets
(DBN)

'Very brave and honest' Kentucky toddler points officers to fugitive's hiding spot
(DBN)

Sheriff Honors Deputy Who Killed an Innocent Man
(DBN)

How just half of all America's murders get solved
(DBN)

Trans people face ‘horrifying’ rhetoric at statehouses
(DBN)

Texas prosecutors can't target groups that fund out-of-state abortions -judge Blue states sue FDA over restrictions on abortion pill access
(DBN)

Struggling With US Asylum App, Migrant Families Split At Border
(DBN)

Chicago mayor's race dominated by concerns about city crime
(DBN)

Massachusetts man charged in cold case murder with multiple links to HBO's 'The Wire,' including possible potato silencer: Police
(DBN)

Barricaded Siblings Turn to TikTok While Defying Court Order to Return to Father They Say Abused Them
(DBN)

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Judges:

Federal Judge Handcuffs Crying 13-Year-Old Girl Attending Father's Hearing
(DBN)

Supreme Court will consider constitutionality of CFPB Consumer Agency’s Funding System Gets Supreme Court Test at Biden’s Behest Supreme Court accepts challenge to funding of consumer bureau that could put 12 years of CFPB actions at risk The Supreme Court Takes On CFPB Funding Case SCOTUS takes up major case that could end Obama-era federal agency created after 2008 financial crisis
(DBN)

Trump Judge Ruling on Abortion Pills Has Close Connection to Teen Pregnancy
(DBN)

SCOTUS Says Domestic Spying Is Too Secret To Be Challenged in Court
(DBN)

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Wall Street:

Stock futures rise as Wall Street braces for final trading day of February
(DBN)

Why Goldman’s consumer ambitions failed, and what it means for CEO David Solomon Goldman Turns to ‘Make-or-Break’ Unit as CEO Solomon Put to Test
(DBN)

As Wall Street Chokes on Bad Buyout Loans, Rivals Seize Opening
(DBN)

The Fed Doesn’t Care About Wall Street as Much as Wall Street Thinks
(DBN)

Citi Strategists Say Traders Are Piling Up Short Bets on Stocks
(DBN)

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Layoffs:

Twitter lays off another 10% of staff Elon Musk lays off more Twitter employees, promises stock awards for the rest
(DBN)

Stellantis to Cut Up to 2,000 Workers in Italy This Year
(DBN)

Thiel’s Palantir Cuts Almost 2% of Staff to Reduce Costs
(DBN)

Bending Spoons lays off 129 Evernote staffers
(DBN)

Nearly 300 employees of Memphis car center laid off
(DBN)

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Healthcare:

FDA Authorizes First COVID-19 And Flu Test, But Its Maker Files For Bankruptcy
(DBN)

The Next Deadly Pandemic: On the Edge
(DBN)

How Liberty HealthShare Left Thousands With Debt as It Built a Family Empire
(DBN)

Kids could soon fall off Medicaid rolls Why millions on Medicaid may lose coverage this year
(DBN)

New COVID lab leak assessment reignites furor over pandemic origins
(DBN)

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Labor:

Google Contract Workers Win Raise Following Union Activism
(DBN)

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Food/Beverage:

Major burger chain and McDonald’s rival closes dozens of outlets after bankruptcy threat
(DBN)

Major restaurant and rival to Panera Bread files for bankruptcy, putting 140 stores at risk
(DBN)

Dallas-Based Corner Bakery Cafe Files for Chapter 11 Bankruptcy Protection
(DBN)

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Sports:

Sports valuation bubble: pending US bankruptcy is warning to moguls
(DBN)

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Retailing:

The running list of major retail bankruptcies
(DBN)

Party City to close 22 stores after filing for bankruptcy
(DBN)

Target ekes out slight growth in holiday-quarter sales, but warns of continued slowdown Target Tempers Strong Fourth Quarter With Cautious Forecast
(DBN)

____________

Car Sharing:

HyreCar to Facilitate Sale of Business Through Voluntary Chapter 11 Process, Announces Leadership Changes
(DBN)

____________

Crypto:

Celsius Examiner Report Mentions FTX More Than 150 Times
(DBN)

Uncovering Voyager Digital’s $121 Million Crypto Sell-off Crypto Broker Voyager Digital Sends $121M in Crypto to Exchanges, Sells Ether, Shiba Inu Holdings
(DBN)

Investor criticizes winding-up of crypto lender BlockFi
(DBN)

DCG losses top $1B on the back of 3AC collapse in 2022
(DBN)

Crypto Con Artists Leave Trail of ‘Rip Deal’ Victims From Amsterdam to Rome
(DBN)

Robinhood Received Crypto-Related Subpoena Request From SEC: 10K
(DBN)

Crypto Crime Hit All-Time High of $20.6B in 2022: Chainalysis
(DBN)

____________


Economy:

U.S. Core Capital Goods Orders Post Largest Gain In Five Months; Shipments Surge US Business Equipment Orders Increase by the Most in Five Months
(DBN)

Americans' spending just isn't slowing down
(DBN)

Higher credit card rates are squeezing many consumers
(DBN)

Consumers are reaching a breaking point
(DBN)

Why the Fed is increasingly flying blind on the economy
(DBN)

Yellen says ‘so far, so good’ in US inflation battle
(DBN)

Powell’s Debt-Limit Alarm Echoes Stealth Lobbying Effort in 2011
(DBN)

Economists’ crystal balls are growing cloudier. But they still expect a recession
(DBN)

Biden Administration Plans Crackdown on Migrant Child Labor
(DBN)

Fed’s Jefferson Rejects Arguments for Raising 2% Inflation Goal
(DBN)

Russian Oil to Be Stashed in Ghana as Pool of Buyers Shrinks RT France files for bankruptcy Budapest-based Russian ‘spy bank’ faces bankruptcy European Gas Prices Recede Following Record Demand Cut China’s Gas Demand Is a Bigger Worry for Europe Than Russia Cutoff Sanctions Headache Threatens to Dent India’s Russian Oil Imports
(DBN)

Meet Gen Zalpha, the powerful combo generation of teens and 20-somethings who are about to have major spending power
(DBN)

Interest payments on the national debt to reach $1.4 trillion annually in 2033: CBO
(DBN)

A bipartisan group of Senators is talking about raising the retirement age on Social Security
(DBN)

Biden Bars Companies From Using US Chips Act Cash for Buybacks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

More US Homebuyers Are Paying in Cash, Sweeping a Majority of Sales in Some Markets
(DBN)

Why your rent is about to fall Rents to fall as wave of new housing starts hit housing market
(DBN)

NAR: Pending Home Sales Increased 8.1% in January; Down 24.1% Year-over-year US Pending Home Sales Surge 8.1%, Most Since June 2020
(DBN)

Lawler: AMH Net Seller of Existing Single-Family Homes, “Investor” Home Purchases Plunged
(DBN)

Freddie Mac Mortgage Serious Delinquency Rate unchanged in January; Fannie Mae Decreased Slightly
(DBN)

Housing February 27th Weekly Update: Inventory Decreased 1.6% Week-over-week
(DBN)

A rush of homes go under contract in January, but it’s unlikely to last
(DBN)

Pending home sales blew past expectations last month as buyers pounced on lower rates
(DBN)

Austin: Office buildings get $102M in bankruptcy sale
(DBN)

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Municipalities:

PREPA judge will hear arguments on confirmability of plan
(DBN)

Florida Gov. DeSantis ends 'corporate kingdom' of Walt Disney World DeSantis takes over Disney district, punishing company
(DBN)

____________

Oil/Gas:

BP CEO Says More Oil and Gas Investment Is Good for the Climate Fight
(DBN)

Chevron Boosts Annual Share Buyback Rate to $17.5 Billion
(DBN)

____________

Tech:

AI learns to outsmart humans in video games - and real life
(DBN)

Biden to Require Chip Makers Getting Funds to Provide Child Care
(DBN)

New TikTok ban is poised to advance in Congress
(DBN)

____________

Climate:

America's growing hurricane wind problem
(DBN)

China approved equivalent of two new coal plants a week in 2022, report finds
(DBN)

Colorado Ponders Storing Carbon in Defunct Oil and Gas Wells
(DBN)

India Forecasts Heat Waves After Hottest February Since 1901
(DBN)

Banks Need Even Bigger Low-Carbon Pivot to Avert Climate Crisis
(DBN)

____________

Rail:

Feds conduct door-to-door health surveys Norfolk Southern CEO Pledges Quick Removal of Ohio Derailment Waste Lawyers accuse Norfolk Southern of destroying evidence in toxic train wreck Toxic waste removal suspended amid contamination fears
(DBN)

____________

Movie Theaters:

Cineworld looks at rescue proposals amid bankruptcy proceedings
(DBN)

____________

Fraud:

TD Bank to pay US$1.2B to resolve suit tied to Ponzi scheme
(DBN)

Convicted fraudster Elizabeth Holmes welcomes second child and she's pushing to delay prison
(DBN)

____________

Newspapers:

Hundreds of newspapers drop ‘Dilbert’ comic strip after racist tirade from creator Scott Adams Elon Musk tweets support for ‘Dilbert’ creator after racist tirade Rapid demise of ‘Dilbert’ is no surprise to those watching
(DBN)

____________

Autos:

Carvana Doesn't Say the Word 'Bankruptcy,' but Its Situation Is Alarming
(DBN)

Tesla Pauses Rollout of Driving Software Subject to US Recall Tesla requests $330M-plus in additional Nevada tax breaks
(DBN)

____________

Banking:

The conservative battle against ‘woke’ banks is backfiring
(DBN)

Kentucky A.G. Investigating Wokeness Of Banks His State Has Already Banned For Wokeness
(DBN)

Regulator Censures Credit Suisse for Greensill Blunders
(DBN)

____________

Celebs:

Elon Musk Is the Richest Man In the World — Again
(DBN)

90 Day Fiancé’s Memphis Shows Off Glam Makeover Amid Bankruptcy News
(DBN)

Erika Jayne Asks for Jury Trial in $25 Million Lawsuit
(DBN)

____________

Politics:

Better than Trump? DeSantis media strategy floods zone with news DeSantis Will Kill Our Democracy
(DBN)

Tennessee Congressman Andy Ogles didn't want you to see his college transcript! We got it anyway
(DBN)

San Francisco debates reparations for Blacks: Is $5 million each enough?
(DBN)

House GOP mulls putting ‘woke’ earmarks on chopping block
(DBN)

House Republicans Seek Treasury Testimony on Biden Family Documents
(DBN)

Brazil’s Bolsonaro Set to Join Trump at Conservative Gathering
(DBN)

Manchin will oppose DC crime law, signaling GOP efforts to rescind it will likely prevail
(DBN)

Arizona Republicans disavow wide-ranging bribery allegation
(DBN)

____________

Tax:

Corporations are laughing at the idea of paying taxes as nearly $1 trillion goes offshore every year, researchers say
(DBN)

___________

 


New Bankruptcy Opinions
(11 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)

Mass Torts:

Catholic Diocese of Sacramento may go bankrupt, faces 200 sexual abuse cases
(DBN)

3M Earplug Unit Should Be Tossed Out of Bankruptcy, US Argues
(DBN)

____________

Aviation:

Flight delayed for hours after high school student sends disturbing message to passengers using AirDrop, officials say
(DBN)

Air Claim asks in court the insolvency of Romanian low-cost airline Blue Air
(DBN)

____________

Insurance:

Bankrupt Florida property insurer placed into receivership
(DBN)

____________

Consumer Finance:

Consumer Financial Protection Bureau Fines TitleMax $15 Million for Predatory Lending
(DBN)

____________

Student Debt:

How student loan debt became a trillion-dollar problem for Americans
(DBN)

Falling behind on federal student loans can lead to other major financial problems
(DBN)

Missouri's student loan corporation could help doom Biden's debt relief plan
(DBN)

Supreme Court student loan case: The arguments explained
(DBN)

Wiping out $400 Billion in Student Debt Rests in Supreme Court's Hands
(DBN)

The hidden costs of refinancing your student loans
(DBN)

____________

Coal:

Payouts on Biggest US Power Grid Fall 15% in Auction
(DBN)

____________

Sovereigns:

Sri Lanka Bans Strikes As Anti-Tax Protests Spread Sri Lanka Widens Currency Trading Band to Secure IMF Bailout
(DBN)

Defaulting Pakistan takes the steam out of CPEC Can’t afford food, people turn to God in bankrupt Pakistan
(DBN)

Ghana to ensure payments of coupons, principals of old bonds resume on March 13
(DBN)

____________

UK:

U.K. and E.U. strike deal over Northern Ireland in potential post-Brexit breakthrough What’s in the post-Brexit deal agreed by the UK and EU? UK, EU Seal New Post-Brexit Deal on Northern Ireland Trade What’s In the Northern Ireland Brexit Deal? Here Are Top Five Takeaways Rishi Sunak holds his breath as he awaits MPs’ verdict on Brexit deal Risk of a ‘political impasse’ in Northern Ireland remains as DUP pores over detail Sunak’s Brexit Deal Starts UK Assets on Long Path to Redemption Brexit Deal Gives Sunak One Chance to End Years of EU Acrimony
(DBN)

UK Says BOE Losses on QT May Mean £200 Billion Hit for Taxpayers
(DBN)

UK’s Big Energy Short Pays Off With £1.2 Billion Windfall
(DBN)

Australian Battery Start-Up Takes Over Failed Britishvolt
(DBN)

British supermarkets are rationing fruit and vegetables as shortages bite More Brits Turn to Aldi as Grocery Inflation Reaches Record High
(DBN)

____________

EU:

Central bank losses risk opening old eurozone faultlines
(DBN)

Who drives the restructuring bus?
(DBN)

French Inflation Hits Record, Heaping Pressure on ECB and Macron Spanish Inflation Unexpectedly Quickens Despite Tax Cut on Food
(DBN)

Swiss Economy Unexpectedly Failed to Grow at the End of 2022
(DBN)

____________

Canada:

Lawyers say bill to protect company pensions in insolvency may kill benefit plans
(DBN)

____________

Russia:

Russia’s New Offensive Sends Conscripts Into the Teeth of Ukraine’s Lines
(DBN)

Putin’s £274m spy plane blown up by Belarusian partisans Putin Warned of More Mystery Attacks After Russian Plane Explosion
(DBN)

Wagner is throwing most trained units into Bakhmut battle As Russian forces bear down on Bakhmut, Ukraine admits situation is deteriorating
(DBN)

Yellen makes surprise visit to Ukraine to reinforce U.S. support Janet Yellen in Kyiv: Economic Aid to Ukraine Is Vital
(DBN)

Kremlin says it is concerned by situation in breakaway Moldovan region
(DBN)

Tens of thousands of Americans have welcomed Ukrainian refugees
(DBN)

Key Putin ally claims Russia is dismantling seized western weapons to turn 'the enemy's experience to our advantage' in Ukraine
(DBN)

Ukraine says it shot down a Su-25 jet and captured its pilot in revenge for a weekend of shelling: reports
(DBN)

____________

Finland:

Finland Sinks Into Recession on Deeper Fourth-Quarter Slump
(DBN)

____________

China:

China’s Growing Local Debt Means Less Money to Support Economy
(DBN)

The U.S. and China have a culture clash around their telephone hotline
(DBN)

____________

MENA:

Israeli settlers rampage through a Palestinian town in revenge for shooting Extreme Settler Violence in West Bank Revenge Attacks After Killing of 2 Israeli Brothers Leave West Bank in Turmoil Israel beefs up troops after unprecedented settler rampage Israeli minister praises settlers who torched Palestinian town
(DBN)

Israel: Who chooses judges: The evolution and planned radical overhaul of judicial selection
(DBN)

Cyren enters insolvency after laying off entire workforce
(DBN)

____________

Mexico:

Mexican president disparages pro-democracy demonstrators
(DBN)

____________

Turkey:

World Bank Sees Direct Damage From Turkish Quakes at $34 Billion
(DBN)

Turkey Considering Prison Terms for Landlords Who Gouge on Rent
(DBN)

____________

India:

Lenders make biggest haul from suspect pre-IBC deals
(DBN)

____________

Australia:

Australian Insolvency Regimes Are Evolving Rapidly
(DBN)

Unfair preference claims shot? Impact of Australian High Court’s rejection of peak indebtedness rule in Gunns case
(DBN)

____________

Romania:

Deloitte Legal Study: Romanian companies expect more insolvency proceedings
(DBN)

____________

Singapore:

Private trustees take over bankruptcy cases in Singapore
(DBN)

____________

Japan:

Japan’s Birth Rate Declines Again, Plunging to a Record Low
(DBN)

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