January 23, 2023

The Daily Bankruptcy News

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Law:

No. 2 Biglaw Firm In America Finally Announces Market-Beating Bonuses
(DBN)

Biglaw Firm's Decision To Cover Abortion-Related Travel Expenses Didn't Please All Partners -- But The Firm Never Wavered
(DBN)

Proskauer rips ex-COO's excuse for taking files in data theft lawsuit
(DBN)

Harvard Law Professors Caught Using Final Exams To Outsource Copaganda
(DBN)

Demanding Reparations Because A Slavery Name Is No Longer Honored Is Beyond The Pale
(DBN)

The Momentum for Black Lawyers Might Already Be Fading
(DBN)

Biglaw Associate Billed 277 Hours To Review 20 Documents, Earns 60-Day Suspension To Keep Not Reviewing Documents
(DBN)

Associates And Staff Should Have Off For MLK Day
(DBN)

BigLaw firm will add about 100 lawyers and bolster fintech regulatory expertise through merger
(DBN)

The Best Appellate Practices Out There
(DBN)

Lights, camera, trial: All eyes on Alex Murdaugh as a small South Carolina city prepares for a 'circus' On Eve of Double Murder Trial, Alex Murdaugh's Attorneys Insist They Will Prove His Innocence So Authorities Can Look for the 'Actual Killer or Killers'
(DBN)

Want to be happy? Then don't be a lawyer
(DBN)

How to negotiate over practically anything
(DBN)

FBI searches Biden’s Wilmington home and finds more classified materials Additional classified items found in Biden's Delaware home during Justice Department search, attorney says DOJ considers other locations No. 2 Senate Democrat agrees Biden has lost 'high ground' in criticism over classified documents Top House Republican calls Biden a ‘serial classified document hoarder’ Coons says Biden documents not an issue ‘keeping Americans up at night’ McCaul says Biden, Trump ‘guilty of the same sin’ in documents scandal Democrats ding Biden on documents even as they push back against GOP Biden: 'I have no regrets' about how documents were handled Most Americans think Biden, Trump inappropriately handled classified documents
(DBN)

FactCheck: McCarthy Distorts Facts About DOJ Search of Mar-a-Lago
(DBN)

Judge sanctions Trump and his lead lawyer nearly $1M for ‘pattern of misuse of the courts’ Benchslap: Trump And His Lawyers Fined $1M For Filing Garbage RICO Suit Against Hillary Clinton Judge Orders 'Mastermind' Trump, Legal Team to Pay Hillary Clinton, Dems $1M in Sanctions
(DBN)

Trump Drops $250M Lawsuit Against NY AG Donald Trump Withdraws Lawsuit Against New York AG After Being Hit With Massive Sanctions for 'Vexatious' Litigation
(DBN)

The House's legal lieutenant in its Trump wars speaks out — about Jan. 6 and more Man Seen with Stun Gun Inside Pelosi's Office Shows New Look to Federal Jury: 'Regrets' 'I'm Waiting for the Boogaloo': Three Active-Duty Marines Charged With Breaching the Capitol on Jan. 6
(DBN)

Lawmakers: Bar insurrectionists from taking office
(DBN)

DOJ reserves right to not cooperate with certain House GOP requests
(DBN)

A new study says Russian trolls didn’t sway the 2016 election. Was the threat overhyped?
(DBN)

Manhunt underway to find gunman who killed 10 in California massacre Manhunt underway after 10 killed, 10 injured in mass shooting outside of Los Angeles Sheriff says authorities investigating second incident that may be linked to Monterey Park shooting Lunar New Year massacre comes after near-record year of killings — with 600 mass shootings Sheriff: Gun seized may be tied to fatal Calif. shooting Monterey Park shooting: Suspect found dead after dance studio attack The suspect in the Monterey Park Lunar New Year shooting that killed 10 people was a 72-year-old Asian man police believe used an illegal firearm to carry out the attack Someone called a hospital where Monterey Park shooting victims were being treated and said they wanted to 'finish the job,' sheriff says Gunman Was Hunting for His Wife Shooter Was Disarmed by Two Heroes at Second Dance Studio California mass shooting: Who is suspect Huu Can Tran?
(DBN)

A dozen people wounded in early morning Louisiana nightclub shooting
(DBN)

Police have killed over a thousand people using Tasers. A use-of-force expert says the weapon should be banned.
(DBN)

Two dead and four wounded in separate shootings in NYC
(DBN)

Judge temporarily blocks Illinois assault weapons ban
(DBN)

Top Border Patrol official resigns after allegedly pressuring employees for sex
(DBN)

NYC to use cruise ship terminal for asylum seekers
(DBN)

Atlanta police arrest 6 in night of chaos after violent protesters lit cop car ablaze, smashed windows 6 arrested after Atlanta protests over controversial ‘Cop City’ and fatal police shooting of activist
(DBN)

Los Angeles hit-and-run driver who plowed into mom and baby in stolen car is murdered after light sentence
(DBN)

LAPD ban of 'thin blue line' flags is latest salvo in culture war
(DBN)

Ghislaine Maxwell has 'no memory' of Prince Andrew meeting Giuffre, claims photo is fake
(DBN)

Sarah Lawrence father sentenced to 60 years in prison Larry Ray Will Spend 60 Years in Prison for 'Acts of Unspeakable Cruelty' in Sarah Lawrence College Sex Trafficking Case
(DBN)

Wife Behind Hospital Standoff Had Shot and Killed Terminally Ill Husband in Murder-Suicide Pact: Police
(DBN)

Inside Alec Baldwin Charges: Hear What Expert Told DA About Whether To Prosecute Actor
(DBN)

Prosecutors Allege 'Hand-to-Hand Drug Transaction' Occurred in Open Court During Young Thug Jury Selection
(DBN)

Arrest of California Couple in 18-Month-Old Son's Fentanyl Overdose Death Puts Spotlight on Drug Crisis
(DBN)

Disneyland Employees Snickered and Giggled When Disabled Woman Fell on Jungle Cruise Ride, Wrongful Death Lawsuit Alleges
(DBN)

Judge rules DeSantis' ouster of prosecutor was unconstitutional but upholds suspension
(DBN)

______________

Judges:

A Documentary Brett Kavanaugh Doesn't Want Inside the Kavanaugh Documentary Premiere Sundance doc looks into Brett Kavanaugh investigation New Sex Allegations
(DBN)

Supreme Court says justices 'actively cooperated' in leak probe Five takeaways from Supreme Court leak investigation Everything You Need To Know About The Supreme Court Leak Report But The Justices Were Afraid To Ask Leak Probe Highlights U.S. Supreme Court's Problems Protecting Information
(DBN)

Former judge is disbarred for sexually harassing police officer, court reporter and prosecutor
(DBN)

______________

Wall Street:

Stock futures are flat as investors weigh the Fed’s next policy move and await a busy earnings week
(DBN)

The stock market is about to be flipped upside down as inflation rebounds ahead of an upcoming recession, Bank of America says
(DBN)

______________

Layoffs:

Davos: Microsoft Hosts Sting Concert, Then Fires 10,000
(DBN)

Vox Media to Fire 7% of Workforce
(DBN)

How ChatGPT Will Destabilize White-Collar Work
(DBN)

These Companies Have Announced the Biggest Layoffs in 2023
(DBN)

Google employees scramble for answers after layoffs hit long-tenured and recently promoted employees Some Google workers who've been laid off earned as much as $1 million a year, report says
(DBN)

Judge approves class action suit against First Guaranty
(DBN)

______________

Crypto:

Crypto's string of bankruptcies
(DBN)

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared
(DBN)

Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing Crypto Lender Genesis Claims $5.1 Billion Liabilities As Of November, Blames 'Bank Run' Crypto lender Genesis plans bankruptcy exit by May 19 Genesis Bankruptcy Case Scheduled for First Hearing on January 23rd Genesis’s trading arm moving funds on blockchain, bankrupt units reveal extent of liabilities Stellar Foundation Scratched by Genesis Bankruptcy with $13 M Claim DCG Denies Involvement In Genesis Capital Bankruptcy Filing Genesis’ bankruptcy filing was decided by independent committee, according to DCG Ex-Genesis execs claimed they raised millions for new hedge fund as former company neared bankruptcy Genesis faced trouble long before the collapse of FTX and this week's bankruptcy filing, with a stream of exec departures and exposure to defunct Three Arrows Will Genesis Bankruptcy Spell Disaster for Grayscale’s GBTC and DCG? Genesis assets frozen amid crypto winter Before Bankruptcy, Genesis Won Rich Clients With Blue-Chip Reputation Community Brings Up Conspiracy Following Genesis Bankruptcy Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy
(DBN)

Genesis Demise Marks End of Era for Crypto’s Pseudo-Banks
(WSJ)

Crypto Lender Genesis Files For Bankruptcy: Here Are The Companies That Have Collapsed So Far
(DBN)

Crypto shrugs at US crackdown on illicit activity
(DBN)

How a Series of Crypto Meltdowns Is Reshaping the Industry 
(DBN)

Bankman-Fried's Parents Stuck in Legal Drama Over $600M in assets seized from FTX founder FTX bankruptcy lawyer: debtors face 'assault by Twitter' stemming from Sam Bankman-Fried Sam Bankman-Fried is weaponizing Twitter in FTX bankruptcy battle, says crypto exchange's law firm Objectors to FTX Using Sullivan & Cromwell as Its Law Firm Seek to Delay Court Hearing FTX Judge Backs Firm’s Lawyers, Rejects Last-Minute ‘Rumors’ FTX wins court approval to hire bankruptcy lawyers amid conflicts concerns Judge approves FTX choice of law firm as bankruptcy counsel 'You Won't Be Able To Keep Us Out': Mystery Men Issue Threat at Home of Sam Bankman-Fried's Parents, Lawyers Say FTX Debtors' List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda
(DBN)

U.S. home-loan banks lent billions of dollars to crypto banks: Report
(DBN)

Is crypto better or worse since its collapse? Here's what CEOs at Davos said
(DBN)

Bitcoin price near $23,000 as it shrugs off Genesis bankruptcy
(DBN)

How The Latest Crypto Bankruptcy Might Affect Bitcoin
(DBN)

Binance Banking Partner to Ban Crypto Trading Transfers Under $100K
(DBN)

Crypto Miners Dig Themselves Out Of 2022 Rut
(DBN)

____________


Economy:

A growing number of Americans face potentially crippling credit-card debt
(DBN)

How economic headwinds are posing a challenge to Biden
(DBN)

Yellen Warns of a Global Financial Crisis
(DBN)

Q4 GDP Tracking: Mid-to-high 2s
(DBN)

The global speculative-grade corporate default rate will rise to 2.9% by the end of 2022 and then climb to 4.9% by November 2023, under the baseline scenario of Moody's Credit Transition Model
(DBN)

D.C. Mayor to Biden: Your Teleworking Employees Are Killing My City
(DBN)

Climate action takes center stage for Gen Z workers
(DBN)

Fed can shrink reserves by $2 trillion without missing a beat: Waller
(DBN)

Why every American will feel the effects of the debt ceiling drama Bipartisan U.S. lawmakers preparing plan to avert debt-ceiling crisis Manchin’s Plan to Avert a Debt Crisis Just Might Work Democrats may have to bend on negotiations with GOP on debt ceiling The big problem with any debt ceiling fix McCarthy tries to get out of his box on debt ceiling Manchin: White House not negotiating on debt ceiling is a mistake Manchin: Holding the debt ceiling 'hostage' doesn't work Kaine: Biden invitation to McCarthy to discuss debt ceiling is a ‘good thing’ Trump to GOP: Don’t touch Medicare or Social Security in debt ceiling fight
(DBN)

The Last 3 Years Were the Closest We've Ever Come to Ending Life on Earth
(DBN)

California's New Wealth Tax Could Follow You
(DBN)

Scholz upbeat about trade truce with U.S. in ‘first quarter of this year'
(DBN)

The World Economy No Longer Needs Russia Europe’s Freeze Lifts Short-Term Power Prices as Grids Pressured Russia's Weekly Oil Exports Slump Back Down After Surge
(DBN)

Nanny sharing, co-parenting, and the YMCA are helping parents meet their childcare needs as costs rise and shortages persist
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December; Median Prices Down 11.3% from Peak in June 2022 NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December
(DBN)

New Mortgages Down 47%, Lenders in Bankruptcy
(DBN)

Bad news for millennials: Things have never looked bleaker for first-time homebuyers
(DBN)

The Normal Seasonal Pattern for Median House Prices
(DBN)

Low-income housing sparks outrage in billionaire playground Nantucket
(DBN)

Hawaiians flock to Vegas for affordable living
(DBN)

Sue Thy Neighbor: Homeowner Spats Over Fences, Trees and Additions Get Nastier
(DBN)

The 10 best cities to buy a home in 2023 are all in the South
(DBN)

Miami’s Office Market Surpasses Pre-Pandemic Absorption Levels
(DBN)

____________

Municipalities:

Consortium chosen to run PREPA generation, but approvals still needed
(DBN)

PRIDCO bondholders sue Puerto Rico Oversight Board, FAFAA
(DBN)

Legacy Cares falls into payment default on Arizona sports park bonds
(DBN)

____________

Oil/Gas:

20% of California New Car Sales Were Electric
(DBN)

EU Talks Ending CO2 Emitting Trucks
(DBN)

Peak Gasoline: Demand in US is Declining
(DBN)

Race to Make Diesel Engines Run on Hydrogen
(DBN)

Harley-Davidson Will Be All-Electric, CEO Says
(DBN)

GM Invests $8 Billion in New V-8 Engines
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Down 5.5% Compared to Same Week in 2019
(DBN)

____________

Politics:

White House chief of staff out Zients to replace Klain as White House chief of staff
(DBN)

Santos admits to dressing up as woman, but denies he was a 'drag queen' 'SNL' mocks lying Santos in late night skits: 'I'm not George, I'm Kitara Ravache' ‘Saturday Night Live’ targets George Santos George Santos appears to admit drag queen past in Wiki post Santos leans on group with white nationalist ties George Santos Planned ‘Engagement Party’ With Man While Married to Woman
(DBN)

One Woman Is Holding Politicians Accountable for Nasty Speech. It’s Changing Politics.
(DBN)

‘I’m not the Speaker’: McCaul sidesteps questions on Marjorie Taylor Greene committee posts
(DBN)

Biden world giddy at MTG, Gosar, and Boebert being placed on Oversight
(DBN)

Storied Senate Judiciary panel eyes a new era of quieter productivity
(DBN)

Manchin doesn’t rule out running for president or Senate reelection under different party
(DBN)

Republicans are now splintering over abortion rights Mace says abortion is why Republicans didn’t get a larger House majority Roe Was Never Roe After All The coming legal showdown over abortion pills Dobbs didn’t end the anti-abortion movement What “choice” means for millions of women post-Roe Biden calls on Congress to protect abortion on Roe anniversary Fifty years after Roe, it’s up to states to enshrine abortion rights Biden to issue memorandum to protect access to abortion pills Harris calls out ‘extremists’ over abortion as Florida Republicans eye more restrictions In conservative states, abortion opponents push back on Republicans On 50th anniversary of Roe v. Wade, clerks who witnessed history reflect on ruling Abortion at crossroads after midterms with focus on states today
(DBN)

Trump team struggles to muster support ahead of SC event
(DBN)

Kari Lake Now Claims GOP Rigged Election
(DBN)

DeSantis Loses and Wins in Federal Court
(DBN)

5 myths about gas stoves, the latest culture war clash
(DBN)

Comer: Investigating Biden family like ‘tracking a bleeding bear through a snowstorm’
(DBN)

____________

Retailing:

Bed Bath & Beyond beefs up legal team ahead of possible bankruptcy filing in New Jersey Bed Bath & Beyond receives delisting notice from Nasdaq
(DBN)

NYC bodegas padlock detergent as shoplifting scourge hits new low
(DBN)

____________

Celebs:

Mark Cuban: When I Was Broke
(DBN)

Musk Sold Tesla Shares on Insider Information
(WSJ)

Musk to return to stand in fraud trial over 2018 Tesla tweet
(DBN)

Elizabeth Holmes Tried to Flee to Mexico After Guilty Verdict, Feds Say
(DBN)

____________

Water:

The Great Salt Lake is at risk of ecological collapse. Lawmakers are scrambling to buy more time.
(DBN)

CA: Taps Dry but Oil Companies Still Get Water
(DBN)

Lake Mead Forecast is Drop of 20 More Feet
(DBN)

____________

Tech:

Is Elon Musk’s Twitter in too much trouble to cover its debts?
(DBN)

Nearly 30 percent of professionals say they have used ChatGPT at work
(DBN)

Apple wants to manufacture 25% of its iPhones in India, minister says
(DBN)

____________

Tax:

Yellen to Completely Remake the IRS
(DBN)

____________

Fraud:

Holmes Attempted to Flee US After Conviction
(DBN)

Martin Shkreli Faces Possible Contempt for Forming Company 'Druglike, Inc.' While Banned from Pharma Industry for Life
(DBN)

SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto
(DBN)

Jen Shah's scam victims speak out: 'You get to the point where there's no way out'
(DBN)

____________

Autos:

Carvana Agrees To Sell $4 Billion In Loans In Order To Survive
(DBN)

Car Insurance Companies Leaving California
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

D&O:

Two Claims Related But Deemed Made During the Later Claim’s Policy Period
(DBN)

____________

Mass Torts:

Infowars’ Financial Records in Bad Shape, Bankruptcy Trustee Says
(DBN)

In 3M military earplugs case, attention now moves to mediation in bankruptcy court
(DBN)

Judge Prevents 3M From Avoiding Liability in Earplug Lawsuits
(DBN)

J&J wants names of talc 'victims' in report it says ignores other exposures to asbestos
(DBN)

____________

Debt Collection:

Lack of Notice of Bankruptcy Filing Proves Fatal to FDCPA Claim
(DBN)

____________

Aviation:

The Days of 'Fun Flying' are Long Gone
(DBN)

US 'No Fly List' Leaked
(DBN)

FAA finds outage was unintentionally caused by contractors
(DBN)

Sha’Carri Richardson kicked off plane after argument with flight attendant
(DBN)

____________

Festivals:

The Fyre Festival fraudster is launching his latest thing, and it looks like a party on an island
(DBN)

____________

Education:

Schools face pressure to take harder line on discipline
(DBN)

When Students Change Gender Identity, and Parents Don’t Know
(DBN)

Boy who shot teacher told another he wanted to set her on fire and watch her die: report School staff recall requests for help, past incidents preceding 6-year-old shooting teacher Police Blindsided By New Statement From Parents of 6-Year-Old Accused of Shooting Teacher
(DBN)

Meet the Latest Wingnuts to Join the TX State Board of Ed: Seditious Texiters. Conspiracy theorists. A January 6 insurrectionist
(DBN)

____________

Nursing Homes:

Small-town nursing homes closing amid staffing crunch
(DBN)

____________

Climate:

WTO chief calls for global carbon pricing
(DBN)

U.S. earmarks $490 million for wildfire prevention
(DBN)

California’s next flood could destroy one of its most diverse cities. Will lawmakers try to save it?
(DBN)

We’ll need natural gas for years — but can blend it with green hydrogen now: CEO
(DBN)


____________

Religion:

Losing their religion: why US churches are on the decline
(DBN)

____________

Fish:

Troubled founder of Norcod, Maine salmon farming project escapes $2.6 million bankruptcy at last minute
(DBN)

____________

Healthcare:

More Young Americans Are Dying, But Not From Vaccines
(DBN)

COVID Jan 20, 2022: Update on Cases, Hospitalizations and Deaths
(DBN)

Long Covid Can Lead to Chronic Fatigue Syndrome
(DBN)

How the US Lost Years of Life
(DBN)

When hospitals merge, patients suffer
(DBN)

____________

Food/Beverage:

Steak And Ale Gets Second Life After Bankruptcy
(DBN)

____________

Movie Theaters:

As movie theaters shutter nationwide, film fans hope more people start returning to the big screen
(DBN)

____________

Coal:

WVa governor's family coal firm agrees to reclaim mines
(DBN)

____________

UK:

Bankrupt Thurrock council plans pay rise for staff
(DBN)

Horrific acts of London police officer are a flashing warning light
(DBN)

UK: World's Highest Electric Bills and Climbing
(DBN)

Aviva is ‘very happy’ with UK’s post-Brexit Solvency II reforms, top exec says
(DBN)

____________

EU:

Germany and France Push for Huge Spending to Compete With US
(DBN)

‘You’re hurting my country’: Manchin faces Europe’s wrath
(DBN)

ECB’s Kazimir Backs Two More Half-Point Interest-Rate Hikes
(DBN)

____________

Canada:

Supreme Court Of Canada Agrees To Hear Appeal Of Decision Allowing Creditors To Recover From The Directing Mind Of A Bankrupt Corporation
(DBN)

____________

MENA:

The Women of Iran Are Not Backing Down EU Backs More Iran Sanctions Over Crackdown on Protestors
(DBN)

Tens of thousands of Israelis protest against Netanyahu justice plans Former PM Joins Rally Against Israel Government Israel’s Netanyahu fires Cabinet ally, heeding court ruling
(DBN)

220 Million in Pakistan Without Power
(DBN)

Pakistan Raises Key Rate by 100 Basis Points as Crisis Mounts
(DBN)

____________

Russia:

Putin's War Plans a Ukrainian Nightmare
(DBN)

Is Germany Letting Ukraine Down? It’s Not That Simple Ukraine has a new cache of weapons on the way — but not German tanks ‘We need action’: Time runs out for Ukraine as allied countries debate sending tanks Germany Won't Block Poland Tanks for Ukraine
(DBN)

Ukraine War Lands Europe’s Leaders in a Battle of Wills
(WSJ)

Top Russia official threatens West with ‘global catastrophe’ over weapons to Ukraine
(DBN)

Ukraine Winter Could Turn Against Russian Troops
(WSJ)

Why US Doesn't Want to Give Ukraine Tanks
(DBN)

House Foreign Affairs chair says some members don't understand stakes in Ukraine
(DBN)

Top U.S. spy agency says more security assistance from allies is crucial for Ukraine to prevail
(DBN)

The NATO Alliance Is Holding Strong on Ukraine. But Fractures Are Emerging.
(DBN)

____________

France:

French workers go on strike over proposed hike in retirement age
(DBN)

____________

China:

Listed company reorganizations and frontier legal issues
(DBN)

China says Covid outbreak has infected 80% of population
(DBN)

____________

India:

How India's bid to reform Bankruptcy Law affects payouts to creditors
(DBN)

____________

South Korea:

SsangYong posts first profit in six years – report
(DBN)

____________

Brazil:

Vanished $4 billion brings down century-old retailer in a week
(DBN)

____________

Netherlands:

Bankruptcy, Insolvency & Rehabilitation Proceedings in the Netherlands
(DBN)

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