January 18, 2023

The Daily Bankruptcy News

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Law:

Federal Court Does Its Part To Let Associates Go Home Before Midnight
(DBN)

Sure, Goodwin Just Laid Off A Bunch Of Lawyers, But That Doesn't Mean They're Going To Stop Adding Laterals
(DBN)

Blank Rome Welcomes Bankruptcy and Agribusiness Finance Partner Joseph M. Welch in Orange County
(DBN)

Biglaw Leaders Still Worried About Getting Associates Back To The Office
(DBN)

Alex Jones' lawyer avoids discipline over records release
(DBN)

IPO Bust Sends Big Law Work Plummeting 95% From Record Year
(DBN)

Law Firm Norton Rose’s Frankfurt Offices Raided in German Tax Fraud Probe
(DBN)

UK law firms plunged into bankruptcy by soaring insurance premiums
(DBN)

Comparing Your Client To The Mafia Isn't The Flex Biglaw Lawyer Thinks It Is
(DBN)

Over a third of legal workers hate their boss, research finds
(DBN)

Disney Reveals $15 Million Pay for New Legal Chief Gutierrez
(DBN)

Here's what's at stake in Elon Musk's Tesla tweet trial Jury seated in Tesla shareholder case over Musk's 2018 tweets
(DBN)

Ex-lawyer who claimed wrongs by ‘bar card lynch mob’ charged with stabbing targeted attorney
(DBN)

West's legal team to run newspaper ads to tell him they've dumped him Biglaw Firm To Dump Kanye West As Client By Publishing Ads About It In Local Newspapers
(DBN)

Supreme Court rejects Missouri challenge to tax cut rule in COVID aid package
(DBN)

Republicans — And Dersh! — Lose Arizona Election Again
(DBN)

'Our Situation Here is Dire': Radio Dispatches Reveal Police Scrambling as Jan. 6 Rioters Break Into Building
(DBN)

Trump Is Characteristically Gross And Weird About Sexual Assault In Unsealed Deposition
(DBN)

SCOTUS Arguments Over Prosecution of Turkey's State-Run Bank Invoke Reports That Trump Tried to Interfere with Case
(DBN)

Defendants reveal in court how they pulled off brazen theft of $123 million in jewels at German museum
(DBN)

Missing mom's husband now charged with murder after her mysterious disappearance
(DBN)

Idaho Murders: 5 People Who Knew Accused Killer Bryan Kohberger Idaho suspect repeatedly slid into victim's DMs weeks before murders Just hours before the Idaho slayings, another grisly scene unfolded outside Bryan Kohberger's window Idaho murders: Mysteries linger in Moscow weeks after Bryan Kohberger's arrest
(DBN)

Law enforcement source casts doubt on 'accident' ruling in lawyer's vacation death
(DBN)

Man Arrested for Allegedly Murdering Massachusetts Mother Who Disappeared in 2007
(DBN)

Jes Staley ‘Personally Observed’ Epstein's Abuse, Woman Suing JPMorgan Claims
(DBN)

Andrew Tate's own lawyer dismissed his conspiratorial claim that 'The Matrix' is out to get him
(DBN)

GOP Candidate Accused of ‘Masterminding’ Plot to Shoot Up Democrats’ Homes Failed GOP Candidate and 'Election Denier' Accused of Firing on Homes of New Mexico Democrats Failed GOP candidate was belligerent to neighbors who opposed his political views, condo official says
(DBN)

California public defender died in 'brutal crime' during Mexico anniversary trip, family says
(DBN)

13-Year-Old Boy Accused of Fatally Shooting Another Teen in Head While Playing Video Games
(DBN)

How China planted an FBI mole who was discovered only after gutting the CIA's vast spy network
(DBN)

'He Was Like a Madman': Estranged Husband Allegedly Attacks Wife's Home with Impala and Dump Truck After Learning About Restraining Order Amid Messy Divorce
(DBN)

6 Dead in Possible Cartel Attack in California
(DBN)

KY: Teen Who Made a Kill List Back in School
(DBN)

3 sentenced to life in slaying of Michigan security guard over face mask order
(DBN)

Barista narrowly escapes being kidnapped through drive-thru window
(DBN)

DOJ Offers 75% Reduction in Fines to Companies That Admit Crimes
(DBN)

______________

Judges:

Notice of Vacancy - United States Bankruptcy Judge - Austin, Texas
(DBN)

The Hon. Harlin DeWayne “Cooter” Hale Summer Fellowship
(DBN)

The Supreme Court Justices Have As Much Contempt For Each Other As The Rest Of America Has For Them
(DBN)

Federal appeals court proposes rolling back midnight e-filing deadline
(DBN)

Supreme Court will hear case of convicted stalker to decide mental state needed for ‘true threats’ conviction
(DBN)

Can the government seize property for unpaid taxes and keep the surplus after selling it? SCOTUS will decide
(DBN)

______________

Wall Street:

Stock futures are little changed as earnings season continues
(DBN)

Dow closes almost 400 points lower and snaps 4-day win streak, pressured by Goldman shares
(DBN)

Goldman Sachs CEO blames 'challenging' US economy as profits plunge
(DBN)

High Costs Weigh Down Goldman, Morgan Stanley Amid Slump in Deals
(DBN)

Ron Jeremy Sexual Assault Trial Halted Indefinitely as Judge Says State and Defense Experts Agree Ex-Porn Star 'Suffers from an Incurable Neurocognitive Decline'
(DBN)

______________

Layoffs:

Finance Layoffs Watch ’23: BlackRock
(DBN)

Amazon Kicks Off Round of Job Cuts Affecting 18,000 People Amazon Is Set for New Round of Job Cuts Affecting 18,000 People
(DBN)

Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper Microsoft to cut thousands of jobs
(DBN)

More Bed Bath & Beyond layoffs impending as sales drop and fears of bankruptcy loom
(DBN)

Transportation giant Ryder to cut 800 jobs in Austin
(DBN)

Unity lays off almost 300 staff
(DBN)

Lightspeed Commerce to cut 300 jobs
(DBN)

______________

Student Debt:

More student loan borrowers may have $0 payments under Biden’s new plan
(DBN)

____________

Politics:

Biden would defeat Trump in 2024 but lose to Ron DeSantis: poll
(DBN)

White House to McCarthy: ‘Come clean’ on your backroom speaker deals
(DBN)

Rep. Marjorie Taylor Greene is having a moment. What does it mean?
(DBN)

Reps. Marjorie Taylor Greene and Paul Gosar get committee assignments after Democrats kicked them off
(DBN)

There's a simple reason Biden didn't keep visitor logs at the Delaware home where he held classified documents — it's not an official residence Biden’s Team Is Making This So Much Worse Than It Has to Be Biden is ‘fully cooperating’ with classified document probe, White House says Biden lawyer who discovered first set of classified documents spoke with federal investigators After criticism for silence, Biden White House takes questions about classified documents FactCheck: Did VP Biden Has Right to Declassify?
(DBN)

Trump Turns On Evangelical Leaders For 'Disloyalty' In Angry New Rant
(DBN)

George Santos once bragged about having no student debt from a school he never actually attended: 'I hate looking at youth today and seeing them sitting on their behinds' Conservative Pundit Spots George Santos Lie That Shows He’s A ‘Complete Sociopath’ George Santos’ Old Employer Harbor City Capital Did Business in Post-Soviet States The Costuming of George Santos Santos accused of stealing $3K in donations for homeless vet's cancer-stricken dog: report Embattled Rep. Santos awarded seats on Science and Small Business committees Santos' Less Than Reputable Backers
(DBN)

At Davos, Sinema and Manchin High-Five Over Keeping Filibuster Rule
(DBN)

____________

Fraud:

Fake billionaire Costello could plead guilty in $35M fraud case, filing suggests
(DBN)

EY Is Said to Allege Sequoia-Backed GoMechanic Inflated Revenue
(DBN)

Soccer Scam Jury Hears of Fox TV Rights Bought With Bribes
(DBN)

____________

Climate:

Fed directs big banks to disclose how they are preparing for climate change
(DBN)

UN chief slams energy giants for ignoring their own climate science
(DBN)

30 feet and counting: California town buried in snow
(DBN)

____________

Trucking:

Life as a 21st Century Trucker
(DBN)

____________

Water:

Arizona suburb sues the city of Scottsdale for cutting off its water supply
(DBN)

Arizona says developers don’t have enough groundwater to build west of Phoenix
(DBN)

____________


Economy:

US Consumer Spending Growth Slowed in December, NY Fed Survey Finds
(DBN)

Prediction Consensus: What the Experts See Coming in 2023
(DBN)

Wall Street's big predictions for 2023 are already crashing and burning
(DBN)

Millennials are living with their parents at higher rates than past generations, and they're not ashamed
(DBN)

Over 200 millionaires urge Davos elite to up taxes on the ultra-rich Davos organizers: Musk wasn't invited despite what he says
(DBN)

How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be? As Debt Limit Threat Looms, Wall Street and Washington Have Only Rough Plans McCarthy Calls For Immediate Negotiations on Budget, Debt Limit US Debt Standoff Is Risk World Doesn’t Need, IMF’s Gopinath Says Biden, GOP Refuse to Budge on Spending Can't Balance the Budget Without Tax Increases
(DBN)

Russia's weaponization of oil and gas exports to neuter Europe on Ukraine is backfiring badly Putin’s Cash Flood From Exports Slows Amid Curbs on Oil, Gas Russia posts record current account surplus of $227 billion in 2022 Scholz Sees Germany Avoiding Recession With New Gas Supplies European Gas Prices Slip With End to Cold Snap on Horizon
(DBN)

Visualizing the Changing World Population, by Country
(DBN)

US-China Trade is Close to a Record, Defying Talk of Decoupling
(DBN)

China Driving Dollar More Than Fed Hikes, BofA Strategists Say
(DBN)

Stopping the ‘quiet quitting’ trend could be all down to your boss
(DBN)

Recession fears won’t stop ‘the big quit’ in 2023, says LinkedIn
(DBN)

Millions of businesses need to start paying back coronavirus loans
(DBN)

No more Fridays
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage demand jumps 28% in one week, as interest rates drop to lowest point in months MBA: Mortgage Applications Increase in Latest Weekly Survey
(DBN)

Homebuilder Price Cuts
(DBN)

Investors Seek to Pull $20 Billion From Core Real Estate Funds
(DBN)

Expect home prices to fall another 10% in the US and across the world as interest rates stay high, top economist Kenneth Rogoff says
(DBN)

Victoria Gotti's mansion featured in 'Growing Up Gotti' foreclosed on
(DBN)

Hawaii Is Where People Spend The Most On Rent
(DBN)

____________

Municipalities:

Puerto Rico to pursue abusers of lax tax credit system
(DBN)

Puerto Rico on its way to privatizing power generation despite widespread skepticism
(DBN)

These 2 states account for a third of America’s public sector pensions crisis
(DBN)

State fiscal review finds 'high risk' of insolvency in Ojai Unified School District
(DBN)

Jackson, Mississippi's water crisis persists as national attention and help fade away
(DBN)

____________

Oil/Gas:

Venezuela Suspends Oil Exports Venezuela’s Vast Oil Wealth Could Become The World’s Largest Stranded Asset
(DBN)

IEA Sees Global Oil Demand Hitting A Record High In 2023
(DBN)

Toyota Will invest $35 Billion into EVs
(DBN)

____________

Food/Beverage:

Eating one fish from U.S. lakes or rivers likened to drinking month's worth of contaminated water
(DBN)

Just Eat Orders Drop in Latest Quarter Amid Online Food Slowdown
(DBN)

____________

Celebs:

Todd and Julie Chrisley report to prison to begin serving time for tax fraud Inside the Florida prisons where Todd and Julie Chrisley are serving their combined 19 year sentence
(DBN)

New Year, Old Problems: Jury Selection Starts For Elon Musk's 2018 Twitter Fingers
(DBN)

____________

Healthcare:

Moderna Gains as RSV Shot Prevents Most Cases in Older People
(DBN)

____________

Crypto:

Read the Fine Print – Bankruptcy Court Holds Cryptocurrency in Interest Bearing 'Earn Accounts' to be Property of the Estate
(DBN)

Celsius Earn Depositors May Be Left Cold by Crypto Ownership Ruling
(DBN)

The FTX Bankruptcy: First Week Motions, Jurisdictional Squabbling, and Other Unusual Developments
(DBN)

Cryptocurrency Deposits Do Not Belong to Account Holders: New York Bankruptcy Holding Severs Customers’ Right and Title to Crypto Assets Deposited in Celsius Network Earn Program Accounts
(DBN)

Crypto Meltdown, What Crypto Meltdown? Is crypto about to go extinct? Davos 2023: Crypto Is Down but Not Out Bitcoin rallies 25% as crypto markets rebound Bitcoin has now recovered all its losses since FTX collapsed
(DBN)

Developers Are Still Flocking To Crypto Amid Its Brutal Winter
(DBN)

Expect More Insolvency in Crypto Industry this Year – Circle CEO Says at WEC
(DBN)

Congress' FTX Problem: 1 in 3 Members Got Cash From Crypto Exchange's Bosses FTX fights objections over law firm as judge weighs approval FTX says $415 million of crypto was hacked $90 Million in FTX US Assets Were Moved via 'Unauthorized Transfers' After Bankruptcy FTX Discloses ‘Substantial Shortfall’ of Customer Assets Bankman-Fried says FTX US is solvent Bankman-Fried Again Claims FTX US Crypto Exchange Was Solvent 'I thought SBF was the Mark Zuckerberg of crypto,' says Anthony Scaramucci 'Scam Bankrupt Fraud': FTX founder used confusing, 'technocratic jargon' to throw off public, investor says A New York oil dynasty falls victim to Sam Bankman-Fried's FTX - after suffering big losses from Bernie Madoff and Enron Latest FTX bankruptcy doc details spending $253 million on Bahamian real estate and $93 million on political donations In hunt for FTX assets, lawyers locate billions in cash and crypto FTX: It took ‘Herculean investigative effort’ to identify $5.5B in liquid assets FTX Debtors Give Details on Digital Assets Identified So Far Media Start-up Semafor Plans to Buy Out Sam Bankman-Fried’s Investment
(DBN)

In Africa, FTX Posed as Haven From Tumbling Currencies, Inflation
(WSJ)

New initiative to trade bankruptcy claims in the crypto space
(DBN)

Fight to regulate crypto at crossroads as Ripple ruling looms
(DBN)

A Crypto Magnate Saw the Risks and Still Was Hammered
(WSJ)

Can Barry Silbert Delay the Inevitable?
(DBN)

Crypto community irked as bankrupt hedge fund Three Arrows’s founders seek money for new venture Bankrupt 3AC Seeks Funding For New Crypto Exchange—Gets Mocked For Proposed Name: GTX
(DBN)

Crypto is a ‘hot ball of money’ with very little intrinsic value, hedge fund says
(DBN)

Crypto hedge funds ended 2022 down almost 50%
(DBN)

Miami is one step closer to the implosion of its crypto dreams
(DBN)

Crypto Bank Silvergate Reports Q4 Loss of $1B
(DBN)

The Crypto Collapse and the End of the Magical Thinking That Infected Capitalism
(DBN)

Coinbase, Marathon Digital Lead 2023 Resurgence in Crypto Stocks
(DBN)

Wall Street Rapper Charged in Crypto Heist Lands New Tech Job
(DBN)

Rob Gronkowski faces potential addition to Voyager crypto lawsuit
(DBN)

CFTC Wants Industry Standard Regulation for Crypto Former SEC Official's Crypto Warning: Regulatory Onslaught Is Just Beginning
(DBN)

Digital Currency Group Halts Dividend Payment to Conserve Cash
(DBN)

Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan
(DBN)

Grayscale Bitcoin Trust Should Liquidate And Move On
(DBN)

____________

Banking:

Halkbank Gets Mixed Reception at Top US Court on Immunity
(DBN)

Bonuses Will ‘Absolutely’ Fall, Says JPMorgan’s Co-Head of Investment Banking
(DBN)

____________

Healthcare:

6th Circuit bans enforcement of Biden’s vaccine mandate for federal contractors against plaintiff states
(DBN)

Pandemic Measures Helped Cut Medical-Bill Struggles, Study Shows
(DBN)

Gas stoves can harm your health — and scientists have known that for decades Biden is Not Banning Gas Stoves
(DBN)

____________

Tech:

Elon Musk has to make the first interest payment on the $13 billion debt he took on to buy Twitter – and the company's dire financial situation means it faces risks including bankruptcy
(DBN)

Twitter: how to remove Elon Musk and reinvent the company
(DBN)

Elon Musk’s Appetite for Destruction
(DBN)

Twitter is auctioning off espresso machines and kegerators from its San Francisco headquarters
(DBN)

Twitter’s staff spent years trying to protect the social media site against impulsive billionaires who wanted to use the reach of its platform for their own ends, and then one made himself the CEO
(DBN)

The Taliban bought Twitter's $8 a month blue ticks. They appear to have been removed after outrage.
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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 Statistics:

It's Raining Sh*tco Sales in BK
(DBN)

______________

Debtor Audits:

BK ND AL: Bankruptcy Administrator Resuming Audits
(DBN)

____________

Cross-Border:

International Bankruptcy Course
(DBN)

____________

Professional Compensation:

BK NV: 2022 Professional Fees Report
(DBN)

____________

Exemptions:

WAWB Best Practices: In re Masingale - "100% of Value" Exemption Claim
(DBN)

____________

Notice:

Bankruptcy Court Allows Service of a Subpoena Via Twitter
(DBN)


____________

Aviation:

United Air’s First-Quarter Profit Is More Than Double Estimates
(DBN)

Airlines Are Terrible. Small Cities Are Still Paying Them Millions of Dollars to Stick Around
(DBN)

$385,000 to be a Netflix Flight Attendant
(DBN)

TSA confiscated record number of guns from airline passengers in 2022 TSA finds undeclared 84mm weapon in checked luggage at Texas airport
(DBN)

Airplane 'Karen' goes viral after screaming, 'I hope y’all crash and die!’
(DBN)

Lunar New Year Without China’s Covid Zero Policy to Put Airlines to the Test
(DBN)

The rich should pay higher fares to clean up aviation, says Heathrow boss
(DBN)

Aramco Sees Oil Demand Picking Up on China and Aviation Recovery
(DBN)

____________

Autos:

Car inventory is growing, sales are down—dealers may soon need to offer discounts
(DBN)

The fallout of the pandemic will keep inflating used car prices for years
(DBN)

Tesla's Video Promoting Full Self Driving Was Staged
(DBN)

Al Roker is at War With His Tesla
(DBN)

____________

Retailing:

Party City Holdco Files For Chapter 11 Bankruptcy; Secures $150M Financing Commitment Party City files for Chapter 11 bankruptcy protection Party City Files for Bankruptcy After Pandemic Recovery Falters
(DBN)

Morphe Parent Company Forma Brands Files For Chapter 11 Bankruptcy
(DBN)

Bed Bath & Beyond stock dips as potential bankruptcy looms
(DBN)

3 Retail Stocks That Will Go Bankrupt in 2023 (Besides BBBY!)
(DBN)

Burberry Reports Lackluster Sales Growth, Hurt by China Slump
(DBN)

Amazon's Prime membership program stopped growing in the US for the first time ever
(DBN)

____________

History:

Some Bankruptcy Law History: Debtor Benefits Are Always A Tough Sell (Part I, Ancient Days to 1803)
(DBN)

____________

Religion:

Rise in middle-aged white ‘deaths of despair’ may be fueled by loss of religion, new research paper argues
(DBN)

An Iowa Catholic diocese banned preferred pronouns and will force LGBTQ students to go to bathrooms of their biological sex. Advocates say the policy is part of a growing trend causing 'severe harm.'
(DBN)

____________

Sovereigns:

Ghana-based aid and advocacy groups call for debt cancellation amid crisis
(DBN)

____________

UK:

Insolvency: Will the Wave Arrive in 2023?
(DBN)

British Battery Start-Up Files for Bankruptcy The Collapse of the UK’s Electric Vehicle Champion Britishvolt’s Failure Reinforces UK Car Sector’s Existential Dread Britishvolt Calls In Administrators, After Months Of Struggle
(DBN)

Paperchase hunts for buyer but prepares for insolvency
(DBN)

UK House Prices Slip From Record After Mortgage Rates Jump
(DBN)

UK Inflation Eases for Second Month From a 41-Year High UK inflation rate dips for second straight month to hit 10.5%
(DBN)

Nurses on Strike Say People Are Dying in UK’s Health Service
(DBN)

____________

EU:

EU Could Escape Technical Recession, Dombrovskis Says
(DBN)

Villeroy Says Lagarde’s Half-Point ECB Guidance Still Valid
(DBN)

____________

Russia:

Putin: I Could Never Have Foreseen 2022’s ‘Unexpected’ Crises That I Created
(DBN)

A Zelensky adviser says he will resign after outrage over comments on the Dnipro strike.
(DBN)

A yellow kitchen in Ukraine is torn open, laying bare the sudden impact of Russia's war on innocent lives
(DBN)

Kyiv helicopter crash kills 18, top Ukraine officials dead Ukrainian Interior Minister Killed in Helicopter Crash Near Kyiv
(DBN)

Wagner mercenary fighter flees Russia and says he feared for his life after witnessing atrocities
(DBN)

Putin could be ready to announce a second mobilization drive Russia to make 'major changes' to armed forces from 2023 to 2026
(DBN)

NATO membership for Ukraine would have prevented war, says Finland’s PM
(DBN)

Serbia slams Russia’s Wagner Group for Ukraine recruitment War in Ukraine Strains Ties Between Putin and His Old Serb Ally
(DBN)

You must send tanks to Ukraine first, Germany tells the US Poland Wants Allies to Send Up To 100 Tanks to Support Ukraine
(DBN)

Who Will Win Vladimir Putin’s Game of Thrones?
(DBN)

Russia needs the opportunity to rejoin an international system after a peace deal: Kissinger
(DBN)

____________

China:

The Problem(s) With China’s Population Drop
(DBN)

China posts one of its worst economic performances in decades because of Covid
(DBN)

China’s Growth Relies on Consumers Still Too Cautious to Spend
(DBN)

Oil Pushes Higher on Bets Chinese Demand Will Surge This Year Goldman Sachs Lifts China’s Economic Growth Forecast to 5.5% China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says
(DBN)

China Masses Take Covid Fight Into Own Hands as Xi Sits Back Rural China Braces for Covid Onslaught Over Lunar New Year China’s Covid Deaths Expected to Hit 36,000 a Day During Holiday Doctors in China say they are discouraged from writing COVID-19 as the cause of death on death certificates
(DBN)

China’s Ailing Property Sector Big Overhang for 2023 Growth
(DBN)

____________

MENA:

Gunman dressed as lawyer kills prominent attorney inside courtroom in Pakistan
(DBN)

____________

Brazil:

Americanas’s 77% Collapse Deals Blow to Battered Brazil Funds Americanas downgraded by Fitch; company leaves interest unpaid in Brazilian bonds Americanas' Rial says billionaire backers fully supported 'course correction'
(DBN)

____________

India:

India is set to become the world's most populous country. Can it create enough jobs?
(DBN)

____________

France:

Women Are Macron’s Biggest Critics in Pension Reform Protests French Government Is Open to Small Changes to Pension Reform
(DBN)

____________

Taiwan:

Taiwan’s Economy Shrinks for First Time in More Than Six Years
(DBN)

____________

Ireland:

Ireland Braced for Greater Job Losses After Series of Warnings
(DBN)

____________

Singapore:

Bankruptcy Regime to be Administered by Private Trustees in Bankruptcy
(DBN)

____________

MENA:

The New Bankers to the World Aren’t on Wall Street
(DBN)

___________


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