January 12, 2023

The Daily Bankruptcy News

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Law:

Rut-Roh: Biglaw Profits Per Equity Partner Are Down For The First Time In A While
(DBN)

King & Spalding Recruits Restructuring Partner Michael Fishel in Houston
(DBN)

Text accusing exiting lawyer of sitting on her keister during maternity leave leads to second departure Firm Parts Ways With Lawyer Who Called Maternity Leave 'Sitting On Your Ass'
(DBN)

SEC Accuses Top DC Law Firm of Stalling 2020 Cyberattack Probe SEC Accuses Blue-Chip Law Firm Covington of Stalling Cyber Probe
(DBN)

Alex Jones attorney loses in decision on law license suspension
(DBN)

Clients Might Not Always Understand The Benefit Of Fee Discounts
(DBN)

Law School Dean Wants ChatGPT Taught In Legal Research & Writing Classes
(DBN)

Serial Killer Admits To Murder Of Stanford Law Librarian
(DBN)

Name Partner Of Prominent Conservative Boutique Dies At 48
(DBN)

Gunderson Associates Set to Start After Delay, Amid Layoffs
(DBN)

Did Trump donate his salary in 2020? Tax returns don’t tell full story
(DBN)

Second batch of classified Biden docs found at new location: report 3 ways Biden and Trump's classified doc discovery differed at outset A side-by-side look at the Trump, Biden classified documents Special counsel decision looms over Biden documents probe The Biden papers and the Mar-a-Lago documents: Apples and oranges? White House spars with reporters over Biden classified documents questions Trump probe may be complicated by documents at Biden office Biden's mishandling of classified records isn't as legally perilous as Trump's, but may pose serious national security risks Biden's classified records mistakes are serious and so far largely unexplained
(DBN)

Pattis Out Judge in Shouting Match with Proud Boys' Lawyer
(DBN)

Alleged 'boogaloo' member denies threatening law enforcement
(DBN)

Alabama AG says women could be prosecuted over abortion pills House passes first anti-abortion bill post Roe decision GOP rep: Republicans ‘tone-deaf’ on abortion
(DBN)

9 states with laws restricting assault weapons after Illinois enacted ban
(DBN)

Migration Gets Short Shrift at Biden-AMLO Summit After Border Visit
(DBN)

SCOTUS lets NY enforce gun law during lawsuit SCOTUS Leaves New York Concealed Carry Law in Place Pending Appeal on Fate of Gun Bans in 'Sensitive Locations'
(DBN)

Woman says she had a Tinder date with the Idaho-killings suspect in 2015 where he said she had 'birthing hips' and insisted on coming to her room 'He's so charming': Bryan Kohberger beguiled medical staff 4 days after quadruple killing in Idaho
(DBN)

Jes Staley Had ‘Profound’ Friendship With Epstein, US Virgin Islands Claims
(DBN)

Ex-Playboy and Maxim Model Sentenced for Murder of California Psychiatrist Found Stuffed in Trunk of Her Car
(DBN)

Lawyer for Woman Accused of Killing Brothers in Neighborhood Crosswalk Blames Intersection for Deaths
(DBN)

Man Tried to Murder Police at Times Square on New Year's Eve with 'Machete-Style' Blade for 'Jihad,' Feds Say
(DBN)

Growing Antisemitism in the US Is Seeping Into the Workplace Survey finds 'classical fascist' antisemitic views widespread in USA
(DBN)

With FBI Search, USA Escalates Fight Over Chinese Police Outposts
(DBN)

FBI reveals it uses CIA and NSA to spy on Americans
(DBN)

Judges vacate $5M Geico payout to woman who got HPV in insured car
(DBN)

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Judges:

Obituary: Bernard Markovitz | Bankruptcy judge credited with keeping Penguins in Pittsburgh
(DBN)

Judge Slams Senators’ Letter Targeting FTX Bankruptcy Lawyers
(DBN)

Free Speech Is The Freedom To Shut Up And Listen To Your Betters, Trump Judge Explains
(DBN)

Talk About A Cold Shoulder: Judge Steps Down Amid Health And Ethical Conduct Complications
(DBN)

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Wall Street:

Stock futures are flat in runup to key inflation data
(DBN)

Dow closes 260 points higher, Nasdaq notches fourth day of gains ahead of key inflation report
(DBN)

Bed Bath & Beyond jumps 50% to lead ‘nonsense’ rally in meme stocks; AMC gains 15% Bed Bath & Beyond Surges, Erasing Slump From Bankruptcy Warning
(DBN)

Thousands of jobs cut on brutal day for finance
(DBN)

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Layoffs:

N.J. will guarantee severance pay for workers in mass layoffs under law Murphy just signed
(DBN)

Goldman Sachs has started laying off over 3,000 employees globally Goldman job cuts hit investment banking, global markets hard -source
(DBN)

BlackRock Plans to Cut 500 Jobs in First Retrenchment Since 2019
(DBN)

Twitter Accused of ‘Sham’ Redundancy Process by Staff Targeted in Mass Firings
(DBN)

Alphabet’s Verily to Cut 15% of Staff, Axing More Than 200 Jobs
(DBN)

DirecTV lays off hundreds of managers as cord cutting accelerates
(DBN)

Carta lays off 10%
(DBN)

Heartland Healthcare Services reports 71 job cuts, closing in Lehigh County
(DBN)

Flexport to cut 20% of workforce
(DBN)

Las Vegas hospital issues alert of 970 layoffs
(DBN)

8 Jobs Our New AI Overlords Plan to Kill
(DBN)

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Appliances:

No Ban of Gas Stoves Is Planned, Head of US Safety Agency Says How the humble gas stove became the latest flash point in the culture wars
(DBN)

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Healthcare:

The Coming Collapse of US Health Care
(DBN)

Covid winters making long hospital waits new normal
(DBN)

How Deadly Were Lockdowns?
(WSJ)

Study: Long COVID symptoms may ease within a year
(DBN)

US Extends Covid Public-Health Emergency, Maintaining Access to Care
(DBN)

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Fraud:

JPMorgan Says It Was Defrauded in $175 Million Purchase of College Site
(DBN)

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Rail:

Amtrak Passengers Thought It was a Kidnapping
(DBN)

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Climate:

Reinsurers Retreat From US Disaster Hotspots on Climate Risks
(DBN)

California Gets Brief Respite as Rain and Snow Shift Northward California Storm Losses Estimated at More Than $30 Billion 3 more atmospheric rivers to slam flood-hit California
(DBN)

Ocean heat content hits record high, a sign of global warming
(DBN)

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Economy:

Pimco Says ‘Bonds Are Back’ With Recession Likely This Year
(DBN)

Nation closing in on $31.4T borrowing limit
(DBN)

U.S. economy and stocks face a difficult year — and could even lag Europe
(DBN)

Inflation crisis poses greatest near-term global threat, Davos survey warns
(DBN)

Treasury yields dip as investors await consumer inflation data
(DBN)

Fed’s No-Rate-Cut Mantra Rejected by Markets Seeing Recession
(DBN)

Fed’s Collins Leans Toward Downshifting to Quarter-Point Hike
(DBN)

Inflation is expected to have declined in December, but it may not be enough to stop the Fed The December inflation report will make the Fed realize it'll be more costly to plunge the US into recession than dial back on interest rate hikes, Fundstrat says
(DBN)

Here’s what the proposed ban on noncompete clauses means for you
(DBN)

Price cap takes slice of Russia war chest: Report
(DBN)

Mouse Jigglers, Fake PowerPoints: Workers Foil Bosses’ Surveillance Attempts
(WSJ)

I worked from Vegas without telling my boss. It was perfect — until I had a surprise Zoom call in a casino.
(DBN)

Microsoft Says It Will Give US Workers Unlimited Time Off
(DBN)

US companies spent over $1 trillion buying back their own shares last year as they shrugged off fears of a recession-fueled crash
(DBN)

Banks’ Revenue Bonanza Seen Under Threat From Looming US Recession
(DBN)

Oil Price Cap Costs Russia $170 Million a Day, Researcher Says Russia Oil-Price Cap Defies Skeptics With So Far, So Good Start European Gas Edges Higher With Colder Weather Seen Next Week Putin running out of options in global pressure campaign
(DBN)

How the Busiest US Port Went From Swamped to ‘Dormant Volcano’
(DBN)

House Republicans Seek To Defund The IRS And Replace The Income Tax With A National Sales Tax
(DBN)

'Damaging cuts' to Medicare and Social Security are looking more likely with McCarthy as House speaker. Here's what it will mean for retirees.
(DBN)

Canada, Mexico Win NAFTA Argument Over US
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Refinance demand surges, as homeowners take advantage of lower interest rates
(DBN)

Wells Fargo is stepping back from mortgages after the Fed's rate hikes helped crater the US housing market
(DBN)

US Mortgage Rates Decline to 6.42%, First Drop in Three Weeks
(DBN)

Housing-Market Funk Has Lumber Traders Expecting Rally to Fizzle
(DBN)

Metronomic loses Coconut Grove project in foreclosure sale
(DBN)

RMF accelerates East Coast layoffs as it faces new bankruptcy challenges
(DBN)

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Municipalities:

SCOTUS Grapples with Limits of Puerto Rico's Sovereignty in Media Lawsuit with 'Tremendous Implications' for U.S. Territory Supreme Court weighs immunity of Puerto Rico oversight board
(DBN)

____________

Oil/Gas:

US Natural Gas’s 48% Drop in a Month Set to Deepen on Supply Growth
(DBN)

Goldman Sees $110 Oil by Third Quarter on Full China Reopening
(DBN)

Top Oil Lobbyist Faults Biden Rhetoric for Production Woes
(DBN)

____________

Utilities:

Biggest US Grid Had 23% Power-Plant Failure in December Storm
(DBN)

____________

Retailing:

Bed Bath & Beyond following ‘meme phenomenon’: Will it be enough to avoid bankruptcy? Bed Bath & Beyond Taps New Restructuring Adviser as Bankruptcy Looms Bed Bath & Beyond closing 62 stores, holding liquidation sales
(DBN)

____________

Tech:

Lawsuit pushes addiction case against social media firms
(DBN)

____________

Nursing Homes:

More than 8 in 10 nursing homes face staffing shortages: survey
(DBN)

____________

Politics:

Republicans Move Quickly to Ramp Up Hunter Biden Probes GOP-led Oversight Committee issues flurry of letters to begin probe of Biden, Twitter How House Republicans Will Investigate Biden After Democrats Probed Trump
(DBN)

DeSantis fields growing criticism from fellow 2024 Republicans
(DBN)

Republicans Bring Back Smoke-Filled Rooms on Capitol Hill
(DBN)

The Corruption Runs Deep In This Rolling Clown Show
(DBN)

Long Island Republicans Call For Santos to Resign From US House Nassau County GOP officials call for Rep. George Santos' resignation First sitting House Republican calls on Santos to step down House’s McCarthy Says Santos Can Stay Despite Calls for Resignation McCarthy: George Santos shouldn’t be on any top House committees The Mysterious, Unregistered Fund That Raised Big Money for Santos 'I Think George Is Going to Be Perp Walked'
(DBN)

Democrats have a Gen Z problem
(DBN)

Book: Trump discussed nuking NKorea; Blaming someone else
(DBN)

Is Jim Jordan the new Joe McCarthy?
(DBN)

____________

Celebs:

Kanye West still doesn't have lawyers, and it could cost him millions of dollars in lawsuit losses
(DBN)

Reality TV Tax Scofflaws Todd and Julie Chrisley to Report to Federal Prison This Month
(DBN)

Tom Brady Owned over 1.1M FTX Shares Valued Near $45M at Time of Exchange's Collapse
(DBN)

____________

Student Debt:

'Exploitative' student-loan companies and GOP groups cannot 'continue to hold borrowers hostage,' a Democratic lawmaker says — and she'll fight for debt relief 'until every legal solution has been exhausted'
(DBN)

____________

Movie Theaters:

Cineworld of Hurt. Part II
(DBN)

____________

Telecoms:

It’s Not Just You: 5G Is a Big Letdown
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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)

Electricity:

Bankruptcy Courts Lose Ground Amid Texas Electricity Rate Ruling
(DBN)

____________

Mass Torts:

3M: Looking Past The Lawsuits
(DBN)

____________

Aviation:

Air travel across US thrown into chaos after computer outage FAA grounds all domestic flights for the first time since 9/11 sparking airport chaos with more than 4,000 delays FAA lifts U.S. ground stop after technology outage delays thousands of flights What is NOTAM, the FAA computer system that halted all US flights? Airline Stocks Dip as FAA System Failure Leads to Groundings FAA looking into what caused system outage that resulted in mass delays Southwest Airlines Hit Hardest After FAA Outage, Adding to Woes FAA's outdated tech can't keep up with modern demand Biden, Buttigieg face pressure to get to the bottom of FAA mishap 5 things to know about the system outage at the FAA FAA outage may start fresh skirmish with airlines Canada suffers same mysterious air system outage as US, delaying more flights Corrupted Files to Blame for FAA Flight Stoppage Why air travel has been a huge mess lately Historic transportation crises haunt Buttigieg
(DBN)

China preparing to expand airline service to US
(DBN)

____________

Religion:

Detroit-area city OKs animal sacrifice for religious reasons
(DBN)

____________

Labor:

NYC nurses reach deal with hospitals to end strike
(DBN)

____________

Cosmetics:

Morphe Parent Company Forma Brands Has Filed for Bankruptcy
(DBN)

____________

Crypto:

Crypto exchange Binance plans 15%-30% hiring spree in 2023 even as rivals slash jobs
(DBN)

Letter From US Senators 'Inappropriate,' Won’t Sway Me, FTX Bankruptcy Judge Says A law firm involved in FTX's bankruptcy is under fire from 4 senators after an ex-customer noted that it earned $20 million from the crypto giant FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say FTX appeared to rent a property just 300 meters from the White House Sam Bankman-Fried says he's been playing video games alone while under house arrest and hasn't talked to ex-girlfriend Caroline Ellison It’s Dismantling Season for FTX FTX Arena Naming Rights Deal Officially Dead Revealing FTX Customer Names Would Hurt 'Potential Reboot', Bankruptcy Lawyer Says Individual creditor names remain secret in FTX bankruptcy FTX creditors' identities will remain under wraps, unlike names of equity holders like Tom Brady, Peter Thiel FTX’s bankruptcy case: missing money and mystery creditors Coinbase Strikes a Massive Blow to Bankman-Fried and FTX FTX creditor claims are being offered at 13 cents on the dollar as investors see difficult road ahead in recouping lost funds British investor who lost £1m in FTX collapse among 13 people to make fraud reports to police
(DBN)

Coinbase faces a hit to profits after FTX's implosion, S&P says as it downgrades the crypto exchange again Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks
(DBN)

Dutch Crypto Exchange Says Digital Currency Group in Talks With Creditors
(DBN)

Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager Binance: A Giant Trying To Regain Its Footing In An Off-Balance Market
(DBN)

Bitcoin Eight-Day Win Streak Is Longest Since Dark Pandemic Days
(DBN)

Bitcoin Baron Barry Silbert Racks Up Enemies as Crypto-Lending Crisis Mounts Why the Winklevoss Brothers Are in a $900 Million Crypto Faceoff With Barry Silbert
(DBN)

The heart of the Gemini and DCG/Genesis dispute
(DBN)

Crypto’s Tax Shelter Problem
(DBN)

Regulators and Law Enforcement are Closely Monitoring the Crypto Sector
(DBN)

Uphold exchange denies owing millions to failed crypto lender Cred
(DBN)

___________

Sovereigns:

Fight Brews in Ghana as Individual Investors Balk at Debt Plan Debt Talks Just Got More Complex With Ghana Political Upheaval Ghana Inflation Hits Record 54.1% as Food Costs Surge
(DBN)

China’s Foreign Minster Rejects Africa Debt Trap Accusations
(DBN)

____________

UK:

UK Rail, Health Care Strikes Threaten to Drag as Unions Dig In UK Rail Union Chiefs See Little Prospect of Deal to End Strikes Unions to Boycott Pay Review Body in Blow to UK Strike Talks
(DBN)

Tory MP Suspended for Comparing Covid Vaccine to the Holocaust
(DBN)

35,000 Unexpected Deaths in England, Wales as NHS Buckles
(DBN)

UK Workers Less Productive Than US, Germany, or France
(DBN)

____________

EU:

Europe’s Inflation Anxiety Is Fading More Quickly Than Prices
(DBN)

____________

Russia:

Has Putin lost control of his power-hungry mercenary chief? Ukraine says mining town holding out against Russian assault Fighting Continues in Eastern Ukraine
(DBN)

Russia Names Top General Gerasimov as New Commander in Ukraine Russia’s Putin replaces commander of war in Ukraine
(DBN)

The war in Ukraine could be decided this year, former US Army general says, warning of dire consequences if Russia faces defeat
(DBN)

Poland to send Leopard tanks to Ukraine
(DBN)

Another country Putin thought was his friend has snubbed Russia by refusing to host its military for routine exercises
(DBN)


____________

Germany:

Refugee, asylum-seeker numbers rise in Germany
(DBN)

____________

China:

WHO Renews Call for More Covid Data From China to Assess Risk
(DBN)

Merck, Pfizer Rebuff China’s Push for Deeper Price Cuts on Covid Drugs
(DBN)

Chinese hospital says half of its staff got Covid
(DBN)

____________

France:

Three-Fifths of French Oppose Macron Pension Reform, Poll Shows
(DBN)

____________

Brazil:

Brazil authorities brace for possible uprising Bolsonaro Shares Video With Voter Fraud Conspiracies on Facebook Brazil’s Jan. 8 is the inevitable consequence of Jan. 6 Dems ask Biden to revoke Bolsonaro visa after Brazil riot
(DBN)

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