February 6, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Reed Smith appoints bankruptcy partner as new leader in Dallas office
(DBN)

Fifth Circuit Finds That Lawyer Committed Legal Malpractice By Filing Frivolous Antitrust Claims
(DBN)

Law Schools With The Most Competitive Students v. Law Schools With The Best Quality Of Life (2023)
(DBN)

If Biglaw Were Woke... Shouldn't It Have A Better Record On Diversity?
(DBN)

LSAT or no LSAT?
(DBN)

Former Law School Dean Accused Of Theft Now Charged With Sex Crime With Minor
(DBN)

An Associate With Little Work Is A Sad Sight
(DBN)

Baker McKenzie Belgium managing partner steps down pending review into office racism claims
(DBN)

How the cases in Alex Murdaugh’s murder trial are shaping up Prosecutors in murder trial of ex-lawyer Murdaugh can introduce evidence of alleged financial crimes, judge rules
(DBN)

Disbarred lawyer and estranged husband of ‘Real Housewives’ star is charged with stealing $18M; is he competent for trial?
(DBN)

Leon Black loses bid to sanction accusers' law firm
(DBN)

Alec Baldwin Fatal ‘Rust’ Shooting: D.A’s Witness List Full Of Crew Members From Troubled Indie Western As First Court Hearing Looms In Criminal Case
(DBN)

Judge demands answers after Jan. 6 defendant recants guilt What Makes a Person Storm the Capitol? Man Who Bragged He 'Attacked the CNN Reporters' on Jan. 6 Gets Years Behind Bars
(DBN)

Author of New Trump Book Could be Disbarred
(DBN)

Trump Offers $1 Million Bond to Appeal Clinton Suit Sanctions
(DBN)

Trump 2016 Campaign to Pay $450,000 to Settle Non-Disclosure Case
(DBN)

He's a Texas border-district Republican. And he says the right's new immigration bill is a 'bad idea.' Florida GOP calls for special session to expand controversial migrant flight program
(DBN)

Idaho student Xana Kernodle fought back against alleged killer Bryan Kohberger: report
(DBN)

Tyre Nichols’ mom, chief: Women on two sides of a tragedy
(DBN)

Investigators Couldn’t Find Kyle Rittenhouse. That Won’t Stop the Lawsuit Against Him.
(DBN)

Federal agents discovered a dumpster filled with almost 250 working rifles and shotguns in Oklahoma, and allege that a man was given 2 free shotguns to hang on his wall
(DBN)

They ran one of the largest opioid 'pill mills' in US history. FBI says it was linked to thousands of deaths
(DBN)

NJ: Man Hired Hitman to Kill 14 Year Old
(DBN)

US states take control of abortion debate with funding focus
(DBN)

5th Circuit looks to history and strikes down law banning gun possession by subjects of civil protective orders Judge Ho Apparently Didn't Bother To Read The Cases He Cited In Domestic Abuser Gun Opinion
(DBN)

Forgotten Words: A Well Regulated Militia
(DBN)

A woman found out she was dead after her parents told news outlets they were grieving her 'loss' by feeding ducks
(DBN)

Mother of student killed in Santa Fe mass shooting arrested after Confederate flag argument
(DBN)

Man Who Fired Blanks Inside San Francisco Synagogue Arrested
(DBN)

Ban on marijuana users owning guns is unconstitutional, U.S. judge rules
(DBN)

Officers Save Suspected Burglar From Bleeding Out After Homeowner Shoots Them In Self-Defense
(DBN)

Texas Man Arrested for Allegedly Stealing Rare Monkeys from Dallas Zoo Had Been Asking Questions About Housing and Moving Animals: Police
(DBN)

______________

Judges:

Supreme Court justices used personal email for work-related communications, and 'burn bags' with sensitive documents were left in hallways before Roe draft opinion leak: report
(DBN)

Justice Robert's Meeting w/ Christian Nationalist
(DBN)

High court offers bonuses, debt relief to lure police hires
(DBN)

Cruel And Unusual: Judge Sentences Defendant To Go To Law School
(DBN)

The Data Shows That Federal Judges Are Going Out Of Their Way To Not Pull An RBG
(DBN)

______________

Wall Street:

Stock futures slide to start week with more earnings and a Powell speech ahead
(DBN)

Some of Wall Street’s biggest names are exposed to the Adani Enterprises plunge
(DBN)

The Blurred Lines Between Goldman C.E.O.’s Day Job and His D.J. Gig
(DBN)

The Fed Is All That Matters to Stock Analysts Ignoring Earnings
(DBN)

Goldman Strategists See US Stock Rally Fizzling Amid Growth Risk
(DBN)

______________

Layoffs:

I work in HR. Here's the hardest layoff I've ever done.
(DBN)

Twitter playing ‘stupid game’ to stall ex-workers’ legal claims – lawyer Number of Staff Suing Twitter Goes Up
(DBN)

Dell to slash over 6,000 jobs amid slump in demand for PCs
(DBN)

A laid-off Microsoft software engineer on an H1-B visa said she wonders 'where will I be living' with just 60 days to find a new job
(DBN)

A Google engineer found out she had been laid off while she was on vacation when her boss sent her a LinkedIn message
(DBN)

USAA Bank lays off over 100
(DBN)

Sales software company Highspot cuts 10% of its workforce
(DBN)

Customer service provider Concentrix laying off 286
(DBN)

These Jobs Are At Risk Of Being Replaced By Chatbots Such As ChatGPT ChatGPT Will Replace Some Jobs, But Traders Say Not Theirs
(DBN)

These 6 CEOs are taking pay cuts to prevent more layoffs and fight tough times as industrywide reductions persist
(DBN)

______________

Labor:

YouTube Contract Workers Are Going on Strike
(DBN)

____________

Tech:

Rockley Photonics files for bankruptcy
(DBN)

Elon Musk Says He Saved Twitter From ‘Bankruptcy,’ On Track to Breakeven Elon Musk seeks public support to save Twitter from bankruptcy
(DBN)

Despite big layoffs, it’s still a great time to work in tech, experts say
(DBN)

Twitter set to charge businesses $1K a month for gold verification
(DBN)

For Elon Musk, Two Cases About His Tweets, and Two Victories
(WSJ)

____________

Autos:

Ford Cuts Senior Manager Bonuses After Disappointing Earnings
(DBN)

____________

Student Debt:

How Supreme Court review of Biden student loan forgiveness affects payment pause
(DBN)

Supreme Court challenges to Biden student loan plan hinge on overreach, financial harm
(DBN)

How Student Loan Forgiveness Could Win at the Supreme Court
(DBN)

____________

Climate:

US, Brazil to Join India’s Global Push to Boost Biofuels Demand
(DBN)

The man in charge of how the US spends $400bn to shift away from fossil fuels
(DBN)

Mount Washington as cold as Mars with record-breaking wind chills of 110 below
(DBN)

Record-Breaking Cold Freezes New York City and New England
(DBN)

Why the world feels so unstable right now
(DBN)

____________

Food/Beverage:

Fake meat fad hits the chopping block
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 0.3% Compared to Same Week in 2019
(DBN)

____________

Tobacco:

Most Americans support a tobacco ban
(DBN)

____________

History:

The forgotten gas stove wars
(DBN)

____________

Retailing:

Billionaire Cohen builds stake in Nordstrom, urges board shakeup
(DBN)

What Happens to Buybuy Baby if Bed Bath & Beyond Files for Bankruptcy?
(DBN)

____________

Economy:

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low January Employment Report: 517 thousand Jobs, 3.4% Unemployment Rate Comments on January Employment Report 160,138,000: Record Number of Employed in January Jobs blowout: What the employment report means for Biden and Powell Jim Cramer says strong January jobs report shows the economy can handle more rate hikes U.S. unemployment hit a historic low—but economists aren’t sure it’ll stick The current job market is a ‘juggernaut,’ economist says. Here are 6 things to know
(DBN)

Biden Lauds ‘Strongest Job Growth in History’ as Hiring Surges
(DBN)

The Fed Says Disinflation Is Welcome. What Is That, Exactly?
(DBN)

America's mind-blowing labor market
(DBN)

Is the economy kind of good now?
(DBN)

Amid food inflation, more shoppers turn to dollar stores for groceries
(DBN)

Biden Aide Says Negotiation Over Debt Ceiling Is a ‘Nonstarter’ The Dems who want to call GOP's debt ceiling bluff IMF Head Warns American Consumers Would Suffer If US Defaulted
(DBN)

Why Black workers are the canary in the coal mine for the U.S. economy
(DBN)

Charting the Global Economy: Fed, BOE, ECB Near Peak Rate Levels
(DBN)

Credit card debt hits record, nears $1 trillion
(DBN)

It’s not the COVID economy, it’s just the economy now
(DBN)

AAR: January Rail Carloads Increased and Intermodal Decreased Year-over-year
(DBN)

Europe bans Russian diesel, other oil products over Ukraine Colorado State apologizes for students' pro-Russia chant directed at Ukrainian basketball player
(DBN)

Confessions of 20-somethings who live at home and splash out on cars, designer handbags, and nightclubs instead
(DBN)

Here’s What Keeps Morgan Stanley’s Jim Caron Up at Night
(DBN)

Baby Boomers, the Richest Generation, Are in the Middle of a Retirement Crisis
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

 

Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders
(DBN)

Manhattan apartment sales fall by 50%: report
(DBN)

American Dream mall misses another debt payment
(DBN)

Office occupancy hits post-pandemic high
(DBN)

____________

Municipalities:

Chester receiver asks bankruptcy court to put brakes on $276.5 million DELCORA sale
(DBN)

____________

Oil/Gas:

There Are Signs of Stronger China Rebound to Boost Oil, IEA Says Oil Steadies After Slump as IEA Points to Rising China Demand
(DBN)

Oil Market Faces Production Issue in 2024, Goldman’s Currie Says
(DBN)

Oil’s New Map: How India Turns Russia Crude Into the West’s Fuel
(DBN)

‘Shadow Fleet’ of Tankers Hauling Russian Oil Swells to 600 Ships, Trafigura Says
(DBN)

The EU’s Ban on Russian Diesel Won’t Really Stop Fuel Flows
(DBN)

America isn’t quitting gas guzzlers yet
(DBN)

BMW Invests $870M in Mexico for EV Push
(DBN)

____________

Crypto:

Bankrupt FTX threatens legal action to claw back donations to politicians, charities Sam Bankman-Fried’s holding company files for bankruptcy Bankman-Fried Company Declares Bankruptcy Amid Robinhood Fight US Regulators Launch Official Probe Into Silvergate-FTX Dealings US Trustee Objects to Subpoena Request FTX Judge Weighs Demand For Independent Bankruptcy Investigation FTX customers warned of scammers baiting them with return of assets
(DBN)

Crypto players rush to tokenise bankruptcy claims of failed exchange FTX
(DBN)

Hodlnaut works with potential buyers to sell firm and FTX claims: Report
(DBN)

Texas BTC Miners Face More Problems After Another Storm Hit the State: Report
(DBN)

Founder of Crypto Scheme My Big Coin to Serve Over 8 Years in Prison
(DBN)

Core Scientific Hands Over 27K Mining Rigs to NYDIG to Pay off a Debt
(DBN)

Washington turns hostile on crypto
(DBN)

Binance Returns to Korean Crypto Market — Invests in Troubled Exchange Gopax
(DBN)

____________

Healthcare:

Distressed Long Term Care Assets: A Lender’s Perspective
(DBN)

COVID Feb 3, 2023: Update on Cases, Hospitalizations and Deaths
(DBN)

CT residents would see billions in medical debt erased under Lamont plan: 'It's the right thing to do'
(DBN)

____________

Politics:

Democratic Socialism Isn’t Soviet Communism
(DBN)

Jordan fires off first subpoenas against Biden admin House Judiciary subpoenas attorney general, FBI chief and education secretary
(DBN)

Powerful network to back a single GOP candidate other than Trump in next presidential primary Koch Network, Aiming to ‘Turn the Page’ on Trump, Will Play in the G.O.P. Primaries
(DBN)

Forget Trump, Democrats Are Preparing Ways to Beat a DeSantis Campaign
(DBN)

Poll: 40% Worse Off Under Biden Poll: Biden second term? Most Dems say no
(DBN)

Gov. Sununu "definitely thinking about" 2024 presidential bid
(DBN)

Few excited about Biden-Trump rematch
(DBN)

China crashes Biden's State of the Union speech
(DBN)

House GOP embraces mainstream media after years of bashing ‘fake news’
(DBN)

The State Where the GOP Would Rather Lose Than Change
(DBN)

The Real Reason Santos Won’t Resign New York office of Rep. George Santos vandalized with graffiti, police say Leaked Audio Shows Chaos In George Santos Office The One Fib That Could End Him Santos Accused of Sex Harassment in Capitol Office He Raised Money for Dogs. Where Did it Go?
(DBN)

Marjorie Taylor Greene faces backlash for saying salary 'too low'
(DBN)

Enough Already, Kari Lake
(DBN)

Trump Campaign Staff Joked About Getting Their Asses Kicked In Wisconsin. Then They Cried Fraud.
(DBN)

Trump denies Chinese balloons flew over U.S. during his administration Three Chinese spy balloons infiltrated the US during Trump administration but he never shot them down or told the public US Didn’t Know About Chinese Balloons During Trump Until Later
(DBN)

Election skeptics slow to get sweeping changes in GOP states
(DBN)

Ethics complaint filed against Sen. Kyrsten Sinema over staff tasks
(DBN)

School food vendor apologizes — again — for 'inexcusable' Black History Month menu
(DBN)

Joe Manchin feels the heat in West Virginia
(DBN)

____________

Movie Theaters:

Cineworld & the Business of Bankruptcy
(DBN)

____________

Religion:

Pope, Anglican, Presbyterian leaders denounce anti-gay laws
(DBN)

____________

Celebs:

Golden Knights' Robin Lehner, Wife Owe Creditors $27.3M After Bankruptcy Filing
(DBN)

____________

Cannabis:

Bankruptcy Court Finds Cannabis Employee Not Entitled to Chapter 13 Protection
(DBN)

____________

Sports:

MLB forms economic group as regional TV in peril
(DBN)

____________

Education:

Black history booms as states restrict it
(DBN)

____________

Maritime:

Creditors Force DOF in Bankruptcy Wiping Out Shareholders
(DBN)

____________

Consumer Finance:

The New Usury
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (33 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Texas "Two-Step" Forward, Three Steps Back for Mass Tort Debtors in the Third Circuit After LTL
(DBN)

Third Circuit Dismisses LTL Mass Tort Chapter 11 Cases, Rejecting Johnson & Johnson’s “Texas Two-Step” Bankruptcy Strategy
(DBN)

Doctor's opioid prescription conviction tossed after U.S. Supreme Court ruling
(DBN)

U.S. military members suing 3M seek dismissal of subsidiary's bankruptcy
(DBN)

Talc ruling a blow to J&J and the ‘Texas two-step’ bankruptcy jig
(DBN)

____________

Cross-Border:

Fifth Circuit requires Chapter 15 debtor to litigate in Texas state court
(DBN)

____________

UST:

Post Siegel Ruling: Second Circuit Joins the Tenth Circuit in Ordering Refunds for Overpayment of U.S. Trustee Fees
(DBN)

Do Liquidating Trusts Have to Pay Quarterly US Trustee Fees?
(DBN)

____________

Professional Compensation:

Getting Paid: Retention and Compensation of Special Counsel in Bankruptcy
(DBN)

____________

Statutory Interpretation:

When “Projected Disposable Income” Means “Actual Disposable Income”—And How U.S. Supreme Court Disagrees
(DBN)

____________

Aviation:

Southwest faces Senate hearing following holiday meltdown
(DBN)

Southwest to Halve Flying Time Needed for Prospective Pilots
(DBN)

Mother and daughter are seen trading blows with Spirit Airlines agents in video of wild airport brawl after they were hit with extra fees at the gate for their oversized carry-on baggage
(DBN)

Air France-KLM, Lufthansa Eye UK Carrier Flybe
(DBN)

Russian Tycoon May Buy Germany’s Insolvent Hahn Airport
(DBN)

____________

Fraud:

Jury finds Musk did NOT defraud investors with 'funding secured' Musk Juror Calls Investor Case Against Tesla CEO ‘Disorganized’ The trials of Elon Musk
(DBN)

A TikToker shared her cancer journey and raised thousands on GoFundMe. It was all a scam, police say
(DBN)

The Great Gatsby of Gold Took Their Millions—and Vanished
(DBN)

Is a Florida pastor accused of fraud feigning illness to avoid prison?
(DBN)

____________

Utilities:

A vulnerable power grid is in the crosshairs of domestic extremist groups Attacks on Electrical Substations Raise Alarm
(DBN)

____________

Sovereigns:

Blackouts, currency dives and corruption: Pakistan’s economy is on the brink of collapse Pakistan 'will have to agree' to IMF conditions for bailout: Shehbaz Sharif
(DBN)

Sri Lanka completing pre-requisites for IMF aid, president says SL Bondholders say ready for debt restructuring talks with authorities
(DBN)

China must join Ghana debt restructuring effort soon, Germany's Lindner says
(DBN)

____________

UK:

Australia's Recharge to buy failed EV battery startup Britishvolt
(DBN)

Bankrupt Thurrock Council asks for £636m bailout and tax hike
(DBN)

London’s rental market is in crisis. Here’s why and how renters are struggling
(DBN)

Bank of England Signals Worst Years for Growth Since Great Depression
(DBN)

Britain Was Sick Before Brexit All of the Brexit Geniuses Stay Silent UK Risks Full Scale Trade War with Brussels
(DBN)

Sunak May Exit Human Rights Treaty for Immigration Plan
(DBN)

UK May Reap £70 Billion Borrowing From Household Covid Savings
(DBN)

The labor strikes in Britain are years in the making
(DBN)

Trump Was a Big Brexit Cheerleader
(DBN)

____________

EU:

Europe Risks New Age of Protectionism in Joining US Subsidy Race
(DBN)

France Demands Transparency to Defuse Subsidy Fight With the US
(DBN)

____________

Russia:

New U.S. aid package includes longer-range bombs for Ukraine
(DBN)

Band of Barbers, Judges and Security Guards Uses Soviet-Era Guns to Repel Russian Drones
(WSJ)

____________

China:

China Developers Flag Worst Earnings in Years on Historic Slump
(DBN)

US downs Chinese balloon, drawing a threat from China Biden Waited for Perfect Time Before Downing Chinese Balloon A balloon upended Blinken’s trip to China. That could be a good thing High-Flying Balloon Seen as Part of Broader Chinese Spy Program Here's why President Biden didn't shoot down the Chinese spy balloon earlier Balloon crossed into USA 3 times during Trump presidency Thousands Mistake US Research Aircraft, Viral Explosion for Chinese Spy Balloon In a world of drones and satellites, why use a spy balloon anyway? China claims right to ‘respond further’ after US shoots down spy balloon: report Beijing responds to US shooting down spy balloon Pentagon blocked airship from collecting intel China Swings From Contrite to Confrontational in US Balloon Saga From China to Big Sky: The Balloon That Unnerved the White House House GOP eyes China spy balloon investigations Schumer says all senators will receive a briefing on Chinese spy balloon Feb. 15 Balloon Controversy Threatens to Deepen China Stock Losses
(DBN)

China Weekly Covid Deaths Halve as Country Returns From Holiday
(DBN)

____________

Brazil:

From presidential palace to KFC: Bolsonaro's peculiar exile in USA Bolsonaro Takes Post-Presidency Florida Tour to a Trump Resort
(DBN)

____________

MENA:

Over 100,000 Israelis renew anti-gov't protests
(DBN)

Saudi Business Confidence Hits Two-Year High As Boom Continues
(DBN)

Pound’s Plummet Sends Egyptian Private Sector Into Sharp Decline
(DBN)

Iran’s supreme leader issues pardon for ‘tens of thousands’ of prisoners, state media reports
(DBN)

Magnitude 7.8 quake kills over 1,300 people in Turkey and Syria Over 1K dead, survivors scream for help after monster earthquake in Turkey, Syria
(DBN)

Examining America's War in Iraq After 20 Years
(DBN)

____________

Germany:

German Postal Workers to Strike on Monday, Tuesday in Wage Push
(DBN)

German Energy Reprieve Too Little, Too Late to Save Factory Jobs
(DBN)

____________

Romania:

Romanian online retailer Vivre closer to insolvency as creditors reject second restructuring plan
(DBN)

____________

France:

French PM Offers Concession in Battle Over Pension Reform
(DBN)

____________

India:

Curbing Rampant Delays Plaguing the Insolvency Code
(DBN)

Introduction of Insolvency and Bankruptcy Code helped improve ‘ease of doing business’ ranking: Justice Kaul
(DBN)

Adani Saga Enters Third Week as Officials Jump in to Calm Nerves Adani Bondholders Turn to Advisers as Crisis Engulfs Indian Firm Inside the 19-Hour Meltdown That Junked Adani’s Share Sale Adani Flagship Shelves $122 Million Bond Plan After Market Rout Adani Set to Ax $500 Million Overseas Bond Plan Adani rout deepens despite reassurances from India’s government and billionaires Adani Founders to Prepay Borrowings Worth $1.1 Billion Amid Rout Modi Comes Under India Opposition Fire Over Adani Links Adani Flagship’s Share Price Has 40% More Downside, NYU Professor Says
(DBN)

____________

Australia:

ANZ Bank Chief Sees a ‘Lot More Rate Rises’ Coming in Australia
(DBN)

____________


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