January , 2023

The Daily Bankruptcy News

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Law:

These Biglaw Bonuses Are For The Birds!
(DBN)

As more law firms adopt 3-day-per-week schedule, one ties attendance to cash
(DBN)

Law School Responds To Allegations Of Racism Against Visiting Professor
(DBN)

For Growth’s Sake, That’s What Law Firm Mergers Are All About
(DBN)

Using N-word at home is not lawyer ethics violation, hearing committee says
(DBN)

Facing sanctions, Penn law prof Amy Wax files grievance against dean
(DBN)

Traffic court defendants lose their ‘robot lawyer’
(DBN)

World's First Robot Lawyer Shorts Out
(DBN)

Cellphone video places Murdaugh at murder scene, says prosecutor in once-prominent lawyer’s trial New Alex Murdaugh Mugshot Has Some Scratching Their Heads Alex Murdaugh Double Murder Trial -- Defense Hammers First Deputy on Scene Alex Murdaugh cried at his murder trial but appeared dry-eyed at the crime scene after his family was killed, sheriff's sergeant testifies
(DBN)

NY Attorney General Wants Madison Square Garden To Stop Kicking Out Lawyers
(DBN)

Ex-Baltimore State Attorney Marilyn Mosby's Entire Legal Team Suddenly Want to Quit Her Case
(DBN)

It Turns Out ChatGPT Wouldn't Be The Best Law Student...
(DBN)

Harvard Helps Preserve Slave Quarters As Part Of Reckoning With Its Law School's History
(DBN)

Cotton vows to block nominees until Congress sees documents seized at Biden, Trump residences
(DBN)

How Barr’s Quest to Find Flaws in the Russia Inquiry Unraveled Barr Asked Italy to Help Clear Trump's Name. The Reverse Happened
(DBN)

Trump Request to Void $110,000 Contempt Fine Weighed by NY Court
(DBN)

California Bar Slaps Trump Lawyer John Eastman with 11 Disciplinary Charges for 'False' Election Fraud Statements Eastman faces disbarment push in California
(DBN)

5 ex-Memphis cops involved in Tyre Nichols' death charged with second-degree murder Memphis police chief: 5 officers responsible for "physical abuse" of Tyre Nichols Authorities expect to release police video of traffic stop on Friday, source says A timeline of the investigations into Tyre Nichols' death
(DBN)

LAPD Release More Video of Anderson Death
(DBN)

National Archives asks former presidents and vice presidents to check for classified and presidential documents
(DBN)

Two to be sentenced for roles in Jan. 6 attack on U.S. Capitol police officer 475 rioters have pleaded guilty for their role in the Capitol insurrection so far. This table is tracking them all.
(DBN)

Feds 'hack the hackers' to bring down ransomware gang Justice Department disrupts group behind thousands of ransomware attacks
(DBN)

Judge trashes, blocks California COVID-19 misinformation law
(DBN)

'Paranoid' Colorado Man Crashed Truck Into Police Department Because He 'Did Not Want to Be Killed' By Cars Following Him: Cops
(DBN)

Judge orders video of attack on Paul Pelosi to be released
(DBN)

Memphis braces for video of fatal police encounter with Black motorist Tyre Nichols' arrest video is shocking, Memphis police chief warned ahead of body cam video being made public Capitol Police boost security preparations ahead of Tyre Nichols footage release
(DBN)

Illinois Grand Jury Reviewing Charges Against Father of Accused Highland Park July 4th Shooter
(DBN)

Suspect in Half Moon Bay shooting waited in empty sheriff's lobby and outside the substation for 2 hours thinking 'arrest me already:' jailhouse interview
(DBN)

Man Sentenced with Brother After Hate Crime Attack on Black Shopper, Told Deputies ‘If We Don’t Do Anything About Them, They Will Take Over the World’
(DBN)

New York City Truck Attack Terrorist Guilty on All Counts, Could Face Death Penalty
(DBN)

Kemp declares state of emergency in Georgia over 'Cop City' protests
(DBN)

Judge blocks sale of machine gun converters after U.S. sues
(DBN)

'He Got What He Deserved': Woman Convicted of Murdering Husband on Valentine's Day Gets Life Sentence
(DBN)

A police chief was arrested and charged with dealing meth and cocaine
(DBN)

66 percent in new survey support increased border security
(DBN)

People perceived to be gay could be eligible for asylum, U.S. court says
(DBN)

Colorado baker loses appeal over transgender birthday cake
(DBN)

Anti-abortion violence is the next wave of domestic terrorism Virginia Democrats defeat bills limiting abortion access Red-state Americans see abortion access slipping away
(DBN)

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Judges:

Brett Kavanaugh touts "great relations" among all 9 Supreme Court justices, downplays divided court's slow pace
(DBN)

No, Ruth Bader Ginsburg did not dissent in Obergefell — and other things ChatGPT gets wrong about the Supreme Court
(DBN)

Two Supreme Court Cases That Could Break the Internet
(DBN)

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Wall Street:

S&P 500 futures trade slightly lower, but the index is headed for a winning week
(DBN)

Nasdaq closes 1.7% higher as Tesla pops, Dow adds 200 points
(DBN)

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Layoffs:

Dow Plans 2,000 Job Cuts Under Plan to Save $1 Billion in Costs
(DBN)

A Google employee of 11 years says he and his wife stared at each other in 'disbelief' when they realized they'd both been laid off by the company
(DBN)

Hasbro to cut 1,000 full-time jobs
(DBN)

Foot Locker Cuts Corporate Roles, Closes Call Center
(DBN)

Confluent Lays Off 8%
(DBN)

Dotdash Meredith announces it will lay off 7% of its workforce
(DBN)

CDMO Abzena lays off 66
(DBN)

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Crypto:

Crypto Bankruptcies Shed Light on Who Owns Assets for Recovery
(DBN)

When Bankruptcy and Crypto Collide – Bankruptcy Court Holds That Cryptocurrency Assets in Customer Accounts Constitute Assets of the Bankruptcy Estate
(DBN)

3 Potential Points of Inflection for the Crypto Market in the Wake of SBF’s FTX Scandal
(DBN)

Roger Ver says he can afford to pay Genesis $20M but insolvency changes agreement
(DBN)

Barry Silbert keeps quiet as Genesis goes down in flames
(DBN)

Wall Street Firm Set to Reap Millions for Untangling FTX Empire FTX Opposes New Bankruptcy Investigation As It Probes Bankman-Fried Connections FTX wants to ask Sam Bankman-Fried's parents and brother if they received any money from the crypto exchange SBF family, associates refuse to cooperate in FTX bankruptcy case as arrest details emerge FTX Seeks to Question Sam Bankman-Fried’s Family About Its Wealth The New York Times, Stanford University, Coinbase and Netflix are among FTX's laundry list of creditors, court filing shows FTX Says Wall Street Heavyweights Are Among Its Creditors FTX’s 116-Page Creditor List Includes Netflix and Apple Goldman, JPMorgan Among FTX Creditors Disclosed in Bankruptcy FTX opposes new bankruptcy investigation as it probes Bankman-Fried connections
(DBN)

With eyes on FTX bankruptcy, US regulator seeks more due diligence authority
(DBN)

Crypto bankruptcy chaos spurs new derivatives standards
(DBN)

Pro-Ripple Lawyer Alleges SEC Threatened To Bankrupt A Crypto Business
(DBN)

Is Grayscale Next In The Bankruptcy List? Here Is What The Data Suggests The critical situation in which Grayscale finds itself following the filing for bankruptcy of Genesis
(DBN)

DeFi Used to Be Crypto’s Hottest Sector. Now It’s Facing a Big Downtown.
(DBN)

Bankrupt BlockFi asks court to approve bonuses to keep staff
(DBN)

Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle
(DBN)

N.H. says two bankrupt crypto firms defrauded investors
(DBN)

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Economy:

U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom BEA: Real GDP increased at 2.9% Annualized Rate in Q4 US GDP Expands at Healthy 2.9% Pace While Slowdown Signs Mount
(DBN)

Fed Sees Soft Landing as Silver Lining of Temp Jobs Decline
(DBN)

Recession is almost a given, and Biden's team 'don't know what they are talking about' as they play down the risk, Santa Lucia investment chief says
(DBN)

Economy Isn't Coming in for a Straight Landing, Soft or Hard
(DBN)

Fox’s Brian Kilmeade Makes Stunning Defense of Biden Economy: ‘Better Numbers Than Any Country in the World’
(DBN)

Weekly Initial Unemployment Claims decrease to 186,000 New unemployment claims number shows job market resilience
(DBN)

SNAP payments to shrink in 32 states next month
(DBN)

Democrats hammer GOP plan to impose national sales tax, abolish IRS Key Republicans oppose House GOP bill to abolish tax code
(DBN)

Veterans of the Obama-era debt ceiling standoff on the current one: We may be doomed The GOP’s Strange Budget Strategy GOP’s Arrington Urges Calm as Debt Fury Rages: ‘Let’s Be Adults’ What the Constitution says about honoring the federal debt must be taken seriously
(DBN)

Hiring slowdowns, manager burnout and other trends that will shape work in 2023
(DBN)

Russian paramilitary firm Wagner Group sanctioned by U.S. Price caps on Russian fuels could range from $45 to $100 with EU diplomats set to begin negotiations, report says EU Proposes New Sanctions on Belarus, Targeting Energy and Tech US Targets Chinese Company in Broader Russia Sanctions Push
(DBN)

Roman Abramovich’s Long-Shot Effort to Save Ukraine, His Reputation and His Fortune
(WSJ)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

New Home Sales at 616,000 Annual Rate in December; Previous 3 Months Revised Down Sharply New Home Sales at 616,000 Annual Rate in December; Annual Sales down 16.4% in 2022
(DBN)

These metros have the highest rent-to-income ratios
(DBN)

Mortgage Rates Slip to 6.13% in Third-Straight Weekly Decline
(DBN)

____________

Municipalities:

New York’s Adams Vows ‘Working People’ Agenda on Jobs, Crime — and Rats
(DBN)

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Oil/Gas:

Natural gas prices hit lowest since April 2021 and have crashed 70% from highs as demand weakens
(DBN)

Oilfield Firms See Highest Profit In Nearly A Decade Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists
(DBN)

Chevron Buyback Plan Draws Biden’s Ire as Pump Prices Climb
(DBN)

Shale Earnings May Show Whether US Oil Output Is Set to Rev Up
(DBN)

Chevron is catching heat for tripling its stock buyback to $75 billion as soaring energy prices led to record profits
(DBN)

____________

Tech:

I’m an AI expert – there are several jobs I wouldn’t trust artificial intelligence to do as fears over ChatGPT grow
(DBN)

Can chatbot earn JD? This one averaged C-plus on law school exams
(DBN)

Sam Altman, the maker of ChatGPT, says the A.I. future is both awesome and terrifying. If it goes badly: ‘It’s lights-out for all of us’
(DBN)

New Twitter Whistleblower Says Privacy Lapses Continued Into Musk Era Elon Musk’s Twitter hit with holocaust denial hate speech lawsuit in Germany
(DBN)

Now that Trump can return to Facebook, Truth Social could be all but doomed Meta's Trump invite hangs a cloud over Truth Social On Trump’s Social Network: Ads for Miracle Cures, Scams and Fake Merchandise
(DBN)

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Fraud:

Adani Group Tells Bondholders Short Seller Report Is ‘Bogus’ Adani Rout Crosses $51 Billion as Stocks Plunge by Daily Limits
(DBN)

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Autos:

Tesla shares pop on ‘better than feared’ earnings results, demand outlook Tesla can weather an economic storm, but some of its guidance isn't adding up, Gene Munster Tesla Gets $5 Billion Credit Line in Sign It’s Nearing Investment-Grade Status The High Cost of Repairing a Wrecked Tesla
(DBN)

Car builder solar car Lightyear 0 bankrupt
(DBN)

More Falling Behind on Car Payments
(DBN)

Robot Cars Still Causing Havoc in San Francisco
(DBN)

____________

Weddings:

Brides panic after Jeffersontown bridal shop declares bankruptcy
(DBN)

____________

Politics:

20 years since Republicans won popular vote
(DBN)

Elizabeth Warren on crypto, the Fed and Lael Brainard
(DBN)

Just 27 percent in new poll say House GOP leaders are prioritizing most important issues
(DBN)

How the Boomers Changed American Politics
(DBN)

Trump seeks to shift idling White House campaign back into gear Trump Back on Facebook Restores Potent Weapon at Crucial Time An R.N.C. Remade by Trump Backs Away From His 2024 Campaign ‘Image of a Loser’: Trump 2024 Gets Endorsements From Just 4 of 168 RNC Members Donald Trump’s 2024 Campaign Faces Trouble in Crucial Iowa Trump unveils new education policy loaded with culture war proposals
(DBN)

DeSantis' Long War on Black Political Power
(DBN)

Questions persist on source of Santos campaign funds Victoria’s Secret Models, a Flipped Table, an Allegedly Stolen Ikea Dresser: The George Santos Story Gets Even Weirder Kevin McCarthy snaps at reporter after pulling Dems, keeping George Santos on committees Santos loans deepen questions around campaign finances 'I have no enemies, at least': Where Santos really stands in the House GOP As Santos digs in, both parties ramp up campaign plans for his demise Selfies, karaoke and Chick-fil-A: Rep. George Santos is reveling in the spotlight despite investigations George Santos Posted 'Deeply Offensive' Comment About Hitler, Jews
(DBN)

McCarthy might have a math problem in blocking Omar from panel
(DBN)

AZ. Court Rejects Kari Lake's Claims Again
(DBN)

____________

Retailing:

Bed Bath & Beyond shares plunge after retailer warns it doesn’t have the cash to pay down debts Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines Bed Bath & Beyond stock plunges, halted after filing shows default on loans Bed Bath & Beyond Receives Default Notice From JPMorgan Bed Bath & Beyond says it’s in default on its loans What's Next For Bed Bath & Beyond After Defaulting On Its Loans?
(DBN)

Risky business: How suppliers defend themselves against retail bankruptcies
(DBN)

Amazon to Sell Bay Area Office Complex as Sales Growth Cools
(DBN)

Fashion retailer H&M's profit tumbles as costs bite
(DBN)

With Layoffs, Retailers Aim to Be Safe Rather Than Sorry (Again)
(DBN)

____________

Movie Theaters:

Your local Regal theater could be saved, as the company looks for a buyer amid bankruptcy
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

UST:

“Grab What You Can Get, When You Can Get It”: A New Bankruptcy Law Of The Land (Siegel v. U.S. Trustee Program)
(DBN)

____________

Automatic Stay:

Violations of the Automatic Stay: Willful or Technical? Void or Voidable? Distinctions Without a Difference.
(DBN)

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Ch. 13:

Postpetition Asset Sales in Chapter 13s--Modification, Not Estate Property
(DBN)

____________

Aviation:

Boeing pleads not guilty in fraud case over 737 Max crashes
(DBN)

A Bet on a Busted Airline Is Poised for a $100 Million Payoff
(DBN)

Southwest’s CEO Pushes Back on US Concerns It Was Understaffed Over Holidays Southwest Airlines gave away as many as 50 billion airline miles after its holiday travel meltdown
(DBN)

FAA Cracks Down on Contractor Linked to January Flight Grounding
(DBN)

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Corporate Governance:

Breach of the Duty of Oversight Liability Extends to Officers as Well as Directors
(DBN)

____________

Healthcare:

How to Avoid Deal Risks in Hospital Mergers and Acquisitions
(DBN)

FDA doesn’t see higher risk of stroke for seniors after Pfizer omicron booster
(DBN)

World’s oldest person on the keys to longevity: ‘stay away from toxic people’
(DBN)

____________

Student Debt:

Transitioning millions of student-loan borrowers back into repayment this year will be a 'huge undertaking,' Biden's Education Department says
(DBN)

A top Republican lawmaker accuses the Education Department of 'blatantly lying' about how much its student-loan forgiveness costs
(DBN)

The case to block Biden's student-loan forgiveness keeps getting weaker, legal experts say
(DBN)

White House Under Pressure to Develop a ‘Plan B’ on Student Debt
(DBN)

____________

Bankruptcy Crimes:

He hid nearly $25M, should have paid $6M in taxes; bankruptcy filing caught him
(DBN)

____________

Education:

More than 100 Harvard students walk out of class of professor accused of sexual abuse
(DBN)

____________

Sports:

Diamond Sports Bankruptcy Could Effect Bally Sports Rights Deals
(DBN)

Largest RSN Owner in U.S. Prepares for Bankruptcy
(DBN)

Sinclair Prioritizing Buybacks Over Baseball Hurts Fans the Most
(DBN)

____________

Paint:

Sherwin-Williams Sees ‘Very Challenging’ 2023 as Housing Market Slows
(DBN)

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Furniture:

Bankruptcy judge approves United Furniture's Chapter 11 trustee
(DBN)

____________

Agribusiness:

Wisconsin no longer leads the nation in farm bankruptcies
(DBN)

Crop Trader ADM Sees Signs of Softness After Record Year of Profit
(DBN)

____________

Sovereigns:

China's first African debt rodeo is playing out in Zambia
(DBN)

How China Is Transforming Africa’s Economies
(DBN)

IMF Weighs Ukraine Aid Package Worth Up to $16 Billion
(DBN)

Argentina’s Bond Buyback Plan Sets Off Moody’s Default Alarm
(DBN)

Ghana reaches deal with insurers on domestic debt exchange
(DBN)

____________

UK:

Double Whammy of Energy and Insurance Costs to Trigger Insolvencies, Warns PwC
(DBN)

Britishvolt’s founder says UK battery sector is ‘doomed’ unless government steps up
(DBN)

Revealed! The UK's Best Law Firm to Work At 2023 The Golden Turd 2023: BCLP voted worst firm to work at
(DBN)

____________

Russia:

Ukraine Under New Missile Barrage as Russia Warns West About Tank Pledges New barrage of Russian strikes in Ukraine kills at least 11 Russia says tank promises show direct and growing Western involvement in Ukraine As Biden seeks to avoid wider war, delivery of M1 Abrams tanks to Ukraine escalates conflict Canada Nears Decision to Send Small Batch of Tanks to Ukraine Tanks to Ukraine: A Race Against Time U.S. to send Ukraine more advanced Abrams tanks — but no secret armor
(WSJ)

France, Italy close to deal on supplying air defence system to Ukraine
(DBN)

Russia’s Bloody Sledgehammer
(DBN)

Putin Plans New Ukraine Push Despite Losses as He Prepares for Years of War Putin’s Pre-Emptive Strike Plan Exposed in Satellite Photos
(DBN)

Russia Seeks Gains in Ukraine Before Western Tanks Turn Up
(WSJ)

High-ranking Russian officials are defecting. This man is aiding them Putin’s Former Speechwriter Predicts Military Coup in Russia
(DBN)

____________

MENA:

Israeli Soldiers Kill Nine Palestinians in Gun Clash Following Election Palestinians suspend security coordination with Israel after deadly Jenin raid US Calls Out Palestinians for Cutting Security Ties With Israel Jerusalem, West Bank on edge after Israeli raid, fighting Who wants an Israeli civil war?
(DBN)

____________

Brazil:

Bankrupt Brazilian retailer Americanas owes about $8 billion, court finds
(DBN)

Brazilian court orders seizure of emails of bankrupt retailer Americanas
(DBN)

The Amazon Is Deteriorating Too Fast for Species and the Climate to Adapt
(DBN)

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Portugal:

Bankruptcy, Insolvency & Rehabilitation Proceedings in Portugal
(DBN)

____________

India:

Resolving the Conundrum Surrounding Applicability of Moratorium under Section(14)(1)(a) of IBC
(DBN)

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