January 20, 2023

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device



Law:

Those Predicted Big Biglaw Rate Increases? They're Going To Be Bigger
(DBN)

This Is The New Normal When It Comes To Office Attendance At Biglaw Firms
(DBN)

Culture Wars Catch Big Law Firms Balancing Client, Staff Demands
(DBN)

Big Law’s Orrick and Buckley to Merge, Eyeing Banks, Tech Work Law firms Orrick and Buckley to merge, creating 1,150 lawyer firm
(DBN)

US News extends rankings survey deadline; which law schools will file?
(DBN)

Old bar exam or new one? States will have a choice in 2026, article with image
(DBN)

Former BigLaw associate gets suspension for inflating time spent on document review project
(DBN)

ChatGPT: What It Is And Why It Matters To Lawyers
(DBN)

An In-House Perk: Uncloseted Parenting
(DBN)

Will A Looming Recession Test the GC’s Role as Conscience of the Company?
(DBN)

Lawyer Up app breaks the internet in first week (almost)
(DBN)

Associate sues managing partner for hacking her WhatsApp account
(DBN)

Judge won’t sanction Texas lawyer for missteps after mistaken disclosure of info about Sandy Hook families
(DBN)

House Oversight launches border investigation
(DBN)

Trump, lawyers sanctioned nearly $1 million for 'political' lawsuit vs Clinton Trump, Lawyers Ordered to Pay Almost $1 Million Court Sanctions
(DBN)

Judge denies Navarro effort to dismiss contempt case for defying Jan. 6 committee Court Benchslaps Trump Econ Weirdo Peter Navarro In Contempt Of Congress Case
(DBN)

Rupert Murdoch Begins Two-Day Stint on Hot Seat in $1.6 Billion Defamation Deposition
(DBN)

Alec Baldwin to be charged with involuntary manslaughter for "Rust" shooting Key question at Alec Baldwin's criminal trial: Is he to blame for Halyna Hutchins' death? Alec Baldwin Charged With Involuntary Manslaughter In Shooting Death Of Cinematographer Prosecutors say they knew early in the probe that the fatal 'Rust' shooting would lead to charges 'They're Gonna Have a Hard Time Getting a Conviction': Dan Abrams Skeptical of Criminal Charges Against Alec Baldwin Over 'Rust' Shooting Alec Baldwin's manslaughter charge puts him on Hollywood's 'black list', PR experts say, but it's not the end of his career
(DBN)

Family of 6-year-old Virginia boy who shot first-grade teacher says firearm was secured
(DBN)

New program will allow private citizens to sponsor refugees in the U.S.
(DBN)

Ana Walshe's mother says she 'cannot believe' disturbing Google searches allegedly made by her son-in-law 7 Shocking Details Revealed in Ana Walshe Murder Case
(DBN)

Ex-Barclays Boss Saw Epstein Abuse Young Girls
(DBN)

Father Murdered 'Baby Jane Doe' Then Collected Child Support For 13 Years: Police
(DBN)

The US Faces 'Unprecedented Uncertainty' Regarding Abortion Law, Legal Scholar Says
(DBN)

Art Gallery Owner Seen in Viral Video Spraying Homeless Woman With Hose Faces Battery Charge: Prosecutors
(DBN)

Alabama city unconstitutionally jails people for unpaid trash bills, lawsuit claims: ‘We do not have debtors’ prison’
(DBN)

Kansas man convicted of threatening to kill congressman
(DBN)

______________

Judges:

Supreme Court probe fails to find who leaked abortion ruling All That And The Supreme Court Still Has No Idea Who Leaked The Dobbs Decision Who leaked Dobbs? SCOTUS investigators don’t know, despite 97 employee interviews and forensic sleuthing Supreme Court Report Sparks Suspicions About Clarence Thomas, Samuel Alito
(DBN)

Trump calls for jailing journalists who broke Supreme Court’s draft abortion decision
(DBN)

If You Had The Supreme Court Supporting Fair And Non-Discriminatory Elections As A Wish This Year, I Have Bad News
(DBN)

Young Thug Trial Judge Orders 30-Page Dissertation For Skipping Jury Service, Which Seems Cruel And Unusual
(DBN)

______________

Wall Street:

Stock futures are little changed after Dow goes negative for the year
(DBN)

Stocks close lower on Thursday, Dow and S&P 500 notch third day of losses
(DBN)

______________

Layoffs:

Google Layoffs To Impact 12,000 Jobs Globally In 6% Cut To Workforce: Report Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
(DBN)

FTX spillover continues to spread as 2 more crypto exchanges initiate layoffs
(DBN)

Intel cuts more Bay Area jobs as tech layoffs worsen in 2023
(DBN)

Wayfair is preparing to lay off more than 1,000 workers Wayfair to Cut More Than 1,000 Jobs After Sales Decline
(DBN)

Adena Health System announces 69 layoffs
(DBN)

WeWork to cut about 300 jobs
(DBN)

Nelnet to layoff 350 newly hired workers
(DBN)

Another mass logistics layoff; 800 affected
(DBN)

______________

Personal Finance:

Uber CEO: The No 1. career mistake young people make ‘all the time’
(DBN)

____________

Mass Torts:

Diocese of Rockford cuts ties with Boy Scouts
(DBN)

____________

Sanctions:

Law firm Paul Hastings asks for sanctions in lawsuit tied to Guo Wengui
(DBN)

____________

Politics:

Institutional anarchy prevails in the GOP House
(DBN)

Larry Hogan says DeSantis is good at 'getting on Fox News' but lacks broad appeal
(DBN)

Donald Trump's strained bond with evangelicals creates an opening for rivals
(DBN)

Six takeaways from House committee assignments so far
(DBN)

Zeldin: District support for Santos ‘cratering’ Santos denies performing as a drag queen Prosecutor Eyes Dying Dog's GoFundMe in Wide-Ranging Probe of George Santos Why George Santos is denying that he performed as a drag queen even as he leaves a litany of other questions unanswered
(DBN)

Trump says he will give ‘big political speech’ Thursday, promises ‘many giant rallies’
(DBN)

DeSantis Takes Cash from Woke Companies
(DBN)

Most Democrats in new poll support probe into Biden classified documents
(DBN)

Biden's Approval Ratings Fall to Near Record Low
(DBN)

DeSantis administration rejects AP African American studies for Florida schools
(DBN)

Democrats introduce constitutional amendment to reverse Citizens United campaign finance ruling
(DBN)

The New Pro-MAGA US Senators
(DBN)

____________

History:

Some Bankruptcy Law History: Debtor Benefits Are Always A Tough Sell (Part II, Early 1800s to 1978)
(DBN)

____________

Climate:

China to Speed Up Construction of Coal Power Plants This Year
(DBN)

Studies Cast Doubt on Carbon Offsets
(DBN)

____________


Economy:

Weekly Initial Unemployment Claims decrease to 190,000
(DBN)

Wages are still growing rapidly. The Fed wants them to slow down.
(DBN)

More than half of US workers want to quit their jobs in 2023, a new survey shows
(DBN)

CEOs around the world are bracing for a recession — but recent economic numbers leave some room for optimism
(DBN)

The new tension between governments and central banks
(DBN)

Consumers begin to balk at price increases: P&G reports sales volume decline
(DBN)

Dollar stores rising in popularity as food retailers in rural America
(DBN)

Bankers gone mild (on a recession)
(DBN)

Fed Governor Lael Brainard sees high rates ahead even with progress on inflation
(DBN)

Fed Set to Slow Rate Hikes Again and Debate How Much Further to Go
(DBN)

Fed’s Brainard Favors High Rates for Some Time to Cool Inflation
(DBN)

Summers Warns of 1970s Crisis If Central Banks Relent on Rates The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation: Larry Summers
(DBN)

Fed policymakers call for further rate hikes to beat inflation
(DBN)

Rising income inequality is draining billions from Social Security
(DBN)

We could soon be facing the biggest financial crisis in history as Republicans threaten to stop paying America's bills What to know about extraordinary measures as debt ceiling hits Why the White House is refusing to negotiate on the debt ceiling McConnell: US ‘never will’ default on its debt Treasury resorts to ‘extraordinary measures’ after US hits debt limit The McCarthy Holdouts May Come to Regret the Deal They Made Roubini: Debt Ceiling Fight Potential Disaster The Debt Ceiling and Your Social Security Check
(DBN)

JPMorgan boss Jamie Dimon says bitcoin is a 'waste of time' and a fraud, and warns Russia-Ukraine war is threat to the global economy
(DBN)

Jamie Dimon's Awkward Interview on CNBC
(DBN)

America, it’s time to pay the demographic piper
(DBN)

The 4-day workweek may not be the answer to workplace productivity and flexibility, Davos panelists say
(DBN)

Swiss Minister Signals Support Using Russian Assets For Ukraine Europe Gas Set for Longest Run of Weekly Losses Since Early 2020 Gazprom Curbs Flows to Europe Via Ukraine for a Second Day
(DBN)

Biden's China Trade War Causing Problems with EU
(DBN)

In hindsight, monetary policy everywhere was too expansionary: Swiss central bank chief
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

December Housing Starts: Record Number of Housing Units Under Construction
(DBN)

Housing Starts Decreased to 1.382 million Annual Rate in December
(DBN)

"Some BIG Changes to Mortgage Costs Were Just Announced"
(DBN)

Mayors: Affordable housing demand is crushing us
(DBN)

____________

Municipalities:

Puerto Rico's power authority board takes initial steps to privatize power generation
(DBN)

____________

Oil/Gas:

Four EU Nations Call for Zero Emissions Target for Trucks, Buses
(DBN)

____________

Tech:

An AI rival to ChatGPT passed a university level law and economics exam, and did better than many humans, professor says
(DBN)

Musk lawyer argues false tweets were just “technical wordsmith inaccuracies”
(DBN)

Elon Musk vs. Twitter Part V: Cracks in the Empire
(DBN)

Elon Musk Has a Huge Twitter Debt Bill
(DBN)

Top Twitter advertisers cut ad spends by 42 percent after Musk takeover: study
(DBN)

Inside the battle for the future of Amazon
(DBN)

____________

Autos:

Even with used-car prices falling, consumers still pay $7,100 above ‘normal’
(DBN)

Carvana is Likely Going to Crash Again
(DBN)

____________

Celebs:

Andrew Tate said he broke a woman’s jaw and that his business was a ‘scam’ ahead of Romanian arrest
(DBN)

'I was stupid enough to get caught in a scam, and I'm not stupid': RHOSLC star Jen Shah's victims describe being duped ‘Real Housewives’ star Jen Shah was a criminal mastermind, but not all that smart about it
(DBN)

How Robin Lehner’s snake farm purchase led to a ‘Tiger King’-like ordeal
(DBN)

Katie Price fans 'feel sick' over new money-making scheme before bankruptcy hearing
(DBN)

Evander Kane bankruptcy trials: Oiler discloses he borrowed $48M from ’14 to ’19
(DBN)

The More Prince Harry and Meghan Markle Say, the Less Americans Like Them
(DBN)

____________

Retailing:

Will bankruptcy enable Party City to succeed for years to come?
(DBN)

Nordstrom shares sink after retailer posts weak holiday sales, slashes guidance
(DBN)

____________

Healthcare:

More than 1,300 nursing homes had COVID infection rates of at least 75 percent in 2020: HHS
(DBN)

DeSantis seeks transgender university students' health care information
(DBN)

Hospitals Are a Problem. Competition Is the Answer.
(DBN)

Germany Saw 180,000 Excess Deaths During Three Years of Covid
(DBN)

Singapore Says No Strokes Linked to 200,000 Pfizer Bivalent Shots
(DBN)

____________

Transit:

Transit faces a fiscal cliff, S&P warns
(DBN)

____________

Movie Theaters:

Movie Theaters Didn't Die, but They'll Never Be the Same Again
(DBN)

Regal Shuttering High-Profile Theaters Among Dozens Of Closures
(DBN)

____________

Furniture:

Bankruptcy judge gives United Furniture opportunity to sell assets
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

Litigation:

Another Court Holds That Sharing Legal Memorandum With Potential Litigation Funders Does Not Make Them Discoverable
(DBN)

____________

Electricity:

Analysis of Just Energy Group bankruptcy proceedings
(DBN)

Texas Regulator Wants to Pay Power Plants to Help Avoid Deadly Blackouts
(DBN)

Texas OKs Electricity Market Reforms
(DBN)

____________

Aviation:

Southwest rebuilds reputation as the LUV airline
(DBN)

U.S. judge orders Boeing arraigned on MAX fraud charge
(DBN)

Air India Fined $37,000 After Passenger In-Flight Urination Act
(DBN)

Cathay Flags Worse-Than-Expected Loss Amid Slow Covid Comeback
(DBN)

Qantas Suffers Third Midair Mechanical Issue in Three Days
(DBN)

____________

Crypto:

Terms of Use, A Deciding Factor In Asset Ownership: Why Some Cryptocurrency Holders Don’t Own Their Assets
(DBN)

The Celsius bankruptcy and application of the bad debt rules
(DBN)

Insurers Beware of “Silent Crypto” Exposure: PART IV: Crime and Custody Coverage for Crypto Assets
(DBN)

Factbox-Crypto's String of Bankruptcies
(DBN)

FTX defends choice of law firm to guide it through bankruptcy Former FTX chief lawyer claims US legal counsel channeled business to S&C New FTX boss says bankrupt crypto exchange could restart: Report FTX Ruined Their Fortunes, but Guy in Charge of Bankruptcy Says Some Stakeholders Want a Round 2 New FTX boss John Ray could bring back bankrupt crypto firm FTX reboot could falter due to long-broken user trust, say observers Sam Bankman-Fried championed Solana. Now, execs are trying to break the connection as FTX's implosion weighs on the blockchain's reputation FTX's $415m stolen crypto shows 'authorities risk creating an Aladdin's Cave for criminals every time they freeze or seize assets' Is there no end to his arrogance? Disgraced FTX boss Sam Bankman-Fried accused of artificially inflating crypto dubbed 'Samcoins' Sam Bankman-Fried has serious beef with FTX's new boss, John Ray III Bankman-Fried Says Car Drove into Barricade at Parent’s Home
(DBN)

Crypto lending unit of Genesis files for US bankruptcy Bankrupt Genesis Owes Its Top 50 Creditors $3.4 Billion Genesis Global Files for Chapter 11 Bankruptcy after Raking Over $3.5B in Debt Crypto Giant Genesis Files For Bankruptcy As Casualties Mount After FTX Collapse Crypto lender Genesis files for bankruptcy as the fallout from FTX's collapse continues Genesis Global Holdco files for bankruptcy protection A Genesis Bankruptcy Is the Last Thing Crypto Needs. Cue Bitcoin Volatility Genesis is the latest piece to the FTX domino to fall Cryptocurrency Firm Genesis’s Lending Unit Files for Bankruptcy as Crypto Sector Crisis Deepens Genesis’ “Mega” Bankruptcy Filing Has Liabilities Up To $11B Bitcoin, Ether Hold Steady After Genesis' Bankruptcy, Crypto Traders Say Bad News Was Priced In
(DBN)

The many companies in Digital Currency Group's crypto empire Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy
(DBN)

Binance named as the top handler of bitcoin from crypto exchange charged in $700 million drug-dealer darkweb bust
(DBN)

Crypto firm Nexo Capital agrees to pay $45 mln to settle U.S. SEC, state charges
(DBN)

More Money, More Problems For Crypto
(DBN)

The Federal Government Bailing Out Crypto’s Biggest Bank? Silvergate Taps the Federal Home Loan Bank as its Lender of Last Resort Cramer Blasts Gov't Bailout of a Crypto Bank
(DBN)

Customer Rights and Protections when Japanese Crypto Assets Exchange files for U.S. Chapter 11 (In the wake of the bankruptcy of FTX Trading)
(DBN)

____________

Labor:

Unionization rate hit all-time low in 2022 despite growth in overall members
(DBN)

Kids Found Cleaning Midwest Slaughter Houses
(DBN)

____________

Sovereigns:

Venezuela opposition may move funds in small amounts to avoid creditors
(DBN)

Jaishankar says Sri Lanka’s creditors must take proactive steps to facilitate its recovery Paris Club Holding Out for China to Support Sri Lanka Debt
(DBN)

____________

UK:

Britishvolt bankruptcy exposes Britain’s battery bluff
(DBN)

UK Retail Sales Fall Unexpectedly Finishing Worst Year on Record
(DBN)

Britain’s Debt Habit Has Fueled a Boom in Retail Spending
(DBN)

More Ambulance Workers Join Mass Strike Day at UK Health Service
(DBN)

Brits Are Renting Out Spare Rooms to Beat Cost of Living Crisis
(DBN)

____________

EU:

ECB’s Lagarde Says ‘Stay the Course’ Is Her Policy Mantra
(DBN)

____________

Russia:

Russia plans to send its strongest tanks to drive around Ukraine but is too scared to put them in combat, UK intel says
(DBN)

Zelensky vows Ukraine will take back Crimea from Russia
(DBN)

Germany under growing pressure to give Ukraine tanks German Tanks for Ukraine Are Stuck as the US Resists Sending Its Own German Defense Chief Says Tanks for Ukraine Not Linked to US
(DBN)

US Has New $2.5Bn Package for Ukraine
(DBN)

____________

China:

China’s Property Bust Compounds Economic Pain
(WSJ)

Chinese hospitals creak under the strain of a huge Covid outbreak
(DBN)

____________

France:

France hit by nationwide strike as unions fight Macron’s plan to raise retirement age Macron Faces Prolonged Battle Over Pensions as Unions Dig In
(DBN)

____________

Spain:

11 Spanish SMEs in insolvency proceedings unable to go any further because computer system inoperable
(DBN)

____________

MENA:

Sullivan raises Israeli judicial overhaul plan with Netanyahu
(DBN)

Bitter Cold Kills 78 in Afghanistan
(DBN)

____________

India:

Panel moots adoption of group insolvency framework in phases
(DBN)

SEBI consultative paper for framework for protection of interest of public equity shareholders in case of listed companies during CIRP under IBC
(DBN)

Sale of Assets of a Corporate Debtor under the IBC: Multiple CIRPs?
(DBN)

____________

Brazil:

Brazil’s Americanas files for bankruptcy protection after accounting scandal Brazil’s Americanas files for bankruptcy after $3.8bn accounting scandal Billionaire-backed Americanas files for bankruptcy protection, shares tank
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $74.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2023