February 3, 2023

The Daily Bankruptcy News

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Law:

High rates of burnout have lawyers in this state considering leaving their jobs or the legal profession
(DBN)

More Mergers Shifting The Biglaw Landscape
(DBN)

Law firm mergers continue, bringing U.K.'s Clyde & Co to Boston, article with image
(DBN)

Memo To Biglaw Associates: Don't 'Destroy' Your Career By Using Social Media
(DBN)

Over 100 a day joining LawyerUp, the app that pings when a firm wants to poach you
(DBN)

The Law Schools With The Most Conservative And Liberal Students (2023)
(DBN)

Which law school got two No. 1 rankings by Princeton Review?
(DBN)

UK: Where’s happy and where’s miserable: the RollOnFriday Best Law Firms to Work at 2023 rankings
(DBN)

Baker McKenzie lawyer quits citing ‘lack of diversity’ in email to colleagues
(DBN)

Baker McKenzie can be sued in Chicago for work performed in Russia by possibly defunct outpost, judge rules
(DBN)

'Is that your family, or a rap group?' Baker McKenzie Belgium Managing Partner steps down as racism investigation intensifies
(DBN)

After theft charges, former law school assistant dean accused of sexual conduct with minor
(DBN)

Federal sentence includes law school, and attorneys wonder why
(DBN)

FBI to search former U.S. Vice President's home for more classified documents The soft impact of Biden’s ongoing classified documents drama Biden’s handwritten notes part of classified docs probe
(DBN)

Trump's NY fraud trial starts on time 'come hell or high water,' judge warns warring lawyers at hearing
(DBN)

Meet the lawyer representing Trump in his lawsuit against journalist Bob Woodward
(DBN)

Jones Day Won’t Advise Trump in 2024 White House Campaign Jones Day Not Representing Trump 2024 Campaign
(DBN)

Lowering the Barr
(DBN)

Are Jan. 6 Defendants Getting a Fair Shake from DC Juries? Comparing Jury and Bench Trial Outcomes Man Seen Ransacking Desk in Congress for 'Something' to 'Use Against These Scumbags' on Jan. 6 Is Headed to Prison
(DBN)

Horrifying details emerge after Eagles player's rape, kidnapping charges
(DBN)

Lawsuit can proceed against Kenosha shooter Kyle Rittenhouse
(DBN)

Man mauled to death by neighbor’s dogs while trying to protect his poodle
(DBN)

What do we want police body cams to do?
(DBN)

4 of the 5 officers charged in Tyre Nichols' death had prior violations at work CATO Institute Is 100 Percent Right About Police Brutality
(DBN)

Black Caucus to Press Biden on Police Reform After Nichols Death
(DBN)

More than a quarter of NYC shootings take place in these six neighborhoods
(DBN)

Alex Murdaugh is finally on trial. Here’s what we’ve learned so far 'No Objection At All': Judge in Alex Murdaugh Murder Trial Scolds Defense Attorneys for 'Totally Inappropriate' Complaint Alex Murdaugh Double Murder Trial -- Day 7
(DBN)

She friend-zoned him. He’s suing her for $2.3 million over it.
(DBN)

JPMorgan and the US Virgin Islands are blaming each other in court for failing to stop Jeffrey Epstein's sex-trafficking scheme JPMorgan Chase, World's Largest Bank, Slams Lawsuit For Bankrolling Jeffrey Epstein as 'Meritless' Reach into 'Deeper Pockets'
(DBN)

Texas Woman Pleads Guilty to Murdering Her Friend to Pass Off Victim's Baby as Her Own
(DBN)

Police Use Restaurant Promotion to Crack Elderly Woman's 1987 Cold Case Murder
(DBN)

1.000 Kids Separated at Border Not Reunited with Parents
(DBN)

Number of traced "ghost guns" doubled between 2020 and 2021, new report says
(DBN)

Law barring people with domestic violence restraining orders from having guns is unconstitutional, court rules
(DBN)

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Judges:

Ethics panel recommends Georgia appeals judge be removed
(DBN)

Hey Judge, I Thought That State-Compelled Speech Was A No No?
(DBN)

This Supreme Court Justice Absolutely, Positively Should Not Have A Street Named After Him
(DBN)

Senate Democrats grapple with pressure to remove GOP's 'blue slip' authority on judges
(DBN)

U.S. Senate panel holds first votes on Biden judicial picks of 2023, article with image
(DBN)

Judge Boozy caught chucking it back halfway through hearing
(DBN)

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Wall Street:

 

 

Beaten down stocks like Carvana and Bed Bath & Beyond are getting a huge boost as risk appetite returns amid the Fed's acknowledgement of falling inflation
(DBN)

The stock market has been transfixed by an enigmatic bond metric for the past year - one that's now flashing an unmistakably bullish signal
(DBN)

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Layoffs:

Silicon Valley’s golden age fades as Big Tech layoffs continue
(DBN)

Watch out, managers: The job cuts are coming for you next
(DBN)

Meta may have spent at least $88,000 per person when it laid off 11,000 in 2022. This year could see even more job cuts Mark Zuckerberg is finally embracing his new role as Meta's Chopper-in-Chief Mark Zuckerberg's net worth spikes $12 billion as Meta's cost-cutting plans send shares soaring Mark Zuckerberg just ushered in a new era of tech, where profitability and efficiency trump perks and culture
(DBN)

The tech firms that are laying off workers will regret it because the cuts can leave lasting damage
(DBN)

How to discuss being laid off in a job interview, according to career coaches
(DBN)

FedEx to cut senior jobs as part of larger staff reduction
(DBN)

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Education:

Texas has banned more books than any other state, new report shows
(DBN)

Inside the GOP's "Save the kids" strategy
(DBN)

College Board Backs Down on DeSantis Battle Here are some key cuts from the AP's African American Studies curriculum
(DBN)

Ron DeSantis announces plan to block DEI programs in state colleges
(DBN)

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Economy:

Wharton professor Jeremy Siegel outlines exactly what needs to happen for the Fed to stop raising interest rates
(DBN)

Fed's Powell says no rate cuts this year, and markets hear it differently
(DBN)

January Employment Preview
(DBN)

Weekly Initial Unemployment Claims decrease to 183,000
(DBN)

BLS: Job Openings Increased to 11.0 million in December
(DBN)

Where inflation is hitting hardest
(DBN)

Parents pay at least one monthly bill for 40 percent of millennials
(DBN)

Rising number of people tapped their 401(k)s last year amid economic strain
(DBN)

Biden, McCarthy sit side by side at prayer breakfast after debt ceiling talks Biden at National Prayer Breakfast: McCarthy and I will treat ‘each other with respect’ Eyeing defense spending cuts, House GOP targets military ‘wokeness’ The debt ceiling is not Powell’s problem Do Republicans want to cut Social Security and Medicare? Sen. Thom Tillis says those questions are based on 'a false premise.' Why Republicans won’t reveal their spending cuts The lessons of the 2011 debt ceiling crisis, explained by the negotiators who were there Republicans have a plan B if the U.S. breaches the debt ceiling. It'd still be a disaster Why Balancing the Federal Budget is So Hard
(DBN)

Biden's top economic adviser to leave White House
(DBN)

Russia tries to defy pariah image with diplomatic blitz For 2024 Olympics, US Backs Banning Russia and Belarus National Anthems and Flags Senator Demands Answers from DOJ on Ex-FBI Counterintel Chief Allegedly on Russian Oligarch's Payroll
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Inflation Adjusted House Prices 3.6% Below Peak
(DBN)

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Oil/Gas:

10% of New Cars Sold Last Year Were Electric
(DBN)

Court: US needs to consider global warming effects of drilling near Chaco
(DBN)

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Politics:

Gallup: Americans Still Glum About State of the Union in Most Areas
(DBN)

The Political Consequences of Lonely Americans
(DBN)

Poll: State of the Union is dysfunction, dissatisfaction, and disapproval
(DBN)

Trump won’t commit to endorsing eventual 2024 GOP nominee Larry Hogan says he will support Trump if he’s the nominee
(DBN)

Trump says that if he's reelected he won't use the powers of the presidency to punish his enemies, but adds that he'd be 'entitled to a revenge tour'
(DBN)

'Trump is a loser': Karl Rove says Republicans must forget him if they want to win 2024
(DBN)

Trump taunts Haley about past statements on challenging him
(DBN)

The first hour of a GOP-led House committee's meeting was a food fight over saying the Pledge of Allegiance
(DBN)

New York man admits leaving Marjorie Taylor Greene voicemail threats
(DBN)

Manchin and Cruz team up on bill to protect gas stoves DeSantis Proposes Tax Exemption for Gas Stoves, Ridicules Talk of Ban
(DBN)

House GOP passes first big whip test, ousting Omar Dem uses Marjorie Taylor Greene's greatest hits to turn tables on GOP in Ilhan Omar debate Democratic leader bashes GOP’s ‘political revenge’ Omar vote Republicans kicked Ilhan Omar off the Foreign Affairs Committee to get revenge on Democrats
(DBN)

AOC to GOP: Don't tell me you're condemning anti-Semitism when a Republican 'who has talked about Jewish space lasers' gets a plum committee assignment
(DBN)

Moving the goalposts: NFL scare reveals conspiracist playbook
(DBN)

Woodward: I Warned the Media on Steele Dossier
(DBN)

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Credit Cards:

CFPB could put issuer revenues at risk with credit card late fees proposal
(DBN)

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Healthcare:

UnitedHealthcare Tried to Deny Coverage to a Chronically Ill Patient. He Fought Back, Exposing the Insurer’s Inner Workings.
(DBN)

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Climate:

1.5 Degrees Was Never the End of the World
(DBN)

The coming wave of climate legal action
(DBN

The coldest air in the Northern Hemisphere will freeze New England this weekend Northeast braces for 'generational Arctic outbreak'
(DBN)

At least 9 dead as dangerous ice storm lashes the South Hundreds of thousands without power in Texas after deadly ice storm
(DBN)

Climate change and a population boom could dry up the Great Salt Lake in 5 years
(DBN)

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Sports:

What could a Bally Sports bankruptcy mean for RSNs’ team deals?
(DBN)

Kaepernick Was Right Over and Over Again
(DBN)

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Gambling:

Aruze Gaming Seeks Chapter 11 Bankruptcy Protection Las Vegas slot machine maker files for Chapter 11 bankruptcy protection
(DBN)

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Auto Racing:

“NASCAR Is Near Death”: Toyota Report Raises Bankruptcy Concerns
(DBN)

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Banking:

Deutsche Bank turnaround victory is really a loss
(DBN)

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Water:

California finds itself isolated, alone in battle over Colorado River water cuts
(DBN)

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Retailing:

Amazon expected to post first unprofitable year since 2014 and worst loss since the dot-com bust Amazon CEO: We're working "really hard" to cut costs
(DBN)

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New Bankruptcy Opinions
(7 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 (4 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)

Bankruptcy Strategy:

Johnson & Johnson’s Scheme to Avoid Cancer Lawsuits Just Fell Apart in Court
(DBN)

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Mass Torts:

3M foes act fast to capitalize on J&J’s talc bankruptcy defeat
(DBN)

Talcum Powder Lawsuits Reassigned To New MDL Judge, Days After J&J Bankruptcy Plan Rejected By Appeals Court
(DBN)

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Bankruptcy Remoteness:

NAV Financings and “Bankruptcy Unlikely” Special Purpose Vehicles
(DBN)

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Crypto:

The criminal case against Sam Bankman-Fried and Caroline Ellison could put jilted FTX customers in the backseat Bankman-Fried Family Subpoenas Opposed by US Government in FTX Filing SBF Tried to Prevent the FTX Bankruptcy Process, Said DOJ Bankman-Fried Wins Texas Ruling as States Chase Lost Funds
(DBN)

Sam Bankman Fried’s co-founder gave GOP govs group $500,000 right before bankruptcy
(DBN)

Celsius Bankruptcy Case Update
(DBN)

Is bitcoin being manipulated? A professor who proved it in 2017 sees more red flags.
(DBN)

Ray Dalio warns 'money as we know it is in jeopardy' and favors an inflation-linked cryptocurrency over bitcoin
(DBN)

Bitcoin Jumps to Highest Since August in Post-Fed Crypto Rally
(DBN)

Munger: Just Ban Cryptocurrencies
(DBN)

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Tech:

I asked ChatGPT to make the case for and against crypto and it weighed in on regulation, energy, and decentralization Microsoft’s landmark deal with OpenAI shows that ChatGPT is going to be the defining technology of 2023 Bill Gates calls ChatGPT 'every bit as important as the PC' or the internet
(DBN)

ChatGPT may be coming for our jobs. Here are the 10 roles that AI is most likely to replace.
(DBN)

The AI boom is here, and so are the lawsuits
(DBN)

Ex-aide says Elon Musk had 'handshake deal' for Tesla buyout
(DBN)

Apple earnings show steepest sales decline in more than 6 years Google, Apple disappoint as tech earnings hit by gloom Lackluster earnings reports show Big Tech’s golden age is fading
(DBN)

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Celebs:

Erika Jayne reacts to Tom Girardi's embezzlement indictment
(DBN)

The mystery influencer who filed for bankruptcy has been revealed
(DBN)

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Student Debt:

The Supreme Court’s student loans case is about more than student loans
(DBN)

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Fraud:

January 2023 Ponzi Scheme Roundup
(DBN)

‘Deeply disturbing’: U.S. watchdog uncovers $5.4 billion in potentially fraudulent COVID-19 loans — obtained using over 69,000 sketchy Social Security numbers
(DBN)

Florida blimp company owner sentenced to 5 1/2 years for stealing $8 million in COVID aid
(DBN)

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Autos:

Vehicles Sales Increased to 15.74 million SAAR in January
(DBN)

Car Brain
(DBN)

Tesla slashed its prices across the board. We're now starting to see the consequences
(DBN)

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Sovereigns:

Staring at Bankruptcy: The Pakistan story Pakistan Needs IMF Financial Bailout
(DBN)

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UK:

Insolvent Britishvolt receives two bids, report says
(DBN)

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India:

Adani Group used tiny 11-employee firm to audit businesses worth $100B
(DBN)

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Russia:

How Putin is preparing massive assault with ‘500,000 men on two fronts’ Putin evokes Stalingrad to predict victory over 'new Nazism' in Ukraine Russia warns it ‘will gain world’s attention’ on Ukraine invasion anniversary Putin says military must stop Ukrainian shelling of Russian regions Russian Troops Massing on Ukraine Border
(DBN)

Russian army officer defects, describes widespread torture including threats to castrate a Ukrainian and send his wife the video
(DBN)

Belgian arms trader tangles with minister over tanks for Ukraine
(DBN)

Ukraine Is Now Strapping RPGs to Racing Drones to Bomb Invading Russians
(DBN)

Ukraine hails French gift of radar as 'cherry on the cake'
(DBN)

White House: Russian athletes should compete under neutral flag in Paris Olympics
(DBN)

Sweden to tighten terrorism law amid tensions with Turkey over NATO bid
(DBN)

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MENA:

Israel’s Right-Wing Government Pushes Home Demolitions as Violence Surges
(DBN)

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China:

U.S. tracking suspected Chinese surveillance balloon flying over nation Why would China use a spy balloon when it has satellites?
(DBN)

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Brazil:

Brazil's Oi says court granted request for new bankruptcy protection process
(DBN)

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