January 30, 2023

The Daily Bankruptcy News

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Law:

With Layoffs Lurking, Does Biglaw Pass The Vibe Check?
(DBN)

ChatGPT Has Pretty Depressing Thoughts About Biglaw And The Billable Hour
(DBN)

Office Attendance Police Are Coming, One Badge Swipe at a Time
(DBN)

Ivy League-Educated Lawyer Who Helped Firebomb NYPD Vehicle During Racial Justice Protest Sentenced to Prison
(DBN)

Week One Roundup: Testimony Reveals Lurid Details in the Shotgun Execution Slayings of Murdaugh Family
(DBN)

Ex-Proskauer COO Accused of Stealing Secrets Hit With Injunction
(DBN)

Need To Go To Trial? The Best Trial Practices Out There
(DBN)

A Law Firm That's A 'Big Happy Family' Is A Red Flag
(DBN)

More Lawyers Should Attend Law School Alumni Events
(DBN)

Lawyers Rejoice Over Killing AI Court Hearing That None Of Them Would Touch With 10-Foot Pole
(DBN)

ChatGPT Passes Law School Exams
(DBN)

Husch Blackwell told to pay $62M for engineering firm’s loss in airport bidding process
(DBN)

Professor Offers 'F--- You' To Student Request
(DBN)

Law prof Eastman’s false statements about election helped provoke Capitol rioters, ethics charges say
(DBN)

Bill Barr's Russiagate Investigation Was a Sham Legal Experts Stunned by Report on Barr, Dunham Protecting Trump The Worst Attorney General In 50 Years Was Even More Corrupt Than We Thought Stunning Hypocrisy of Barr's Russiagate Probe
(DBN)

DOJ ‘working’ to share info on classified Trump, Biden docs with senators: reports Cruz suggests FBI search Hunter Biden’s home for classified documents Hunter Biden's email to Burisma business partner infers 'direct access' to classified information: Cruz
(DBN)

Man Who Assaulted Capitol Police Officer Brian Sicknick on Jan. 6 Sentenced to More Than Six Years in Prison Donald Trump Fails to Toss Massive Jan. 6 Lawsuit from Capitol Police Officers
(DBN)

Trump’s Criminal Nightmare in Georgia Is Looking Very Real Trump investigations: Georgia prosecutor ups anticipation
(DBN)

Man Who Called in Fake Bomb Threat to Library of Congress Pleads Guilty
(DBN)

In 67 minutes of video, brutality followed by nonchalance The fatal beating of Tyre Nichols, explained Memphis Police Beat Tyre Nichols as He Screamed for His Mother: Video Memphis police chief: Video of Tyre Nichols arrest shows acts that "defy humanity" Demonstrations, calls for police reforms flood Memphis Protests in Memphis Why More Charges Could be Coming in Fatal Police Beating of Tyre Nichols Memphis police permanently disband unit tied to deadly beating of Tyre Nichols Memphis beating video puts spotlight on first police account Tyre Nichols remembered as beautiful soul with creative eye Memphis has a new police chief. She's tackling the Tyre Nichols case Time for ‘national conversation’ on policing, Durbin says Tyre Nichols' parents invited to State of the Union ‘Culture of policing’ and ‘ancient’ procedures were on display in Tyre Nichols videos, ex-officers say
(DBN)

Legal Analysts Call Attention to Unusual Charge Against Memphis Officers Who Fatally Beat Tyre Nichols — Kidnapping
(DBN)

Atlanta Cracks Down on Protesters Against Cops
(DBN)

Dallas Police Officers Shoot Teen Gunman 55 Times
(DBN)

Police warn that Oregon torture suspect is using dating apps
(DBN)

Mass shootings lead to widening divide on state gun policies
(DBN)

California shooting: 3 dead, 4 hurt in ritzy LA neighborhood 3 dead, 4 injured in sixth mass shooting in California this month
(DBN)

Alleged Pelosi attacker DePape calls news outlet from jail, makes ‘chilling and bizarre’ remarks
(DBN)

Online system to seek asylum in US is quickly overwhelmed Northern border sees 743% spike in illegal migrants trying to cross in a year due to 'easier entry than Mexico'
(DBN)

Former prosecutor accused of misconduct toward female defendants
(DBN)

29-year-old woman faces charges for posing as teen at New Jersey high school, police say
(DBN)

Crowdfunded Forensic DNA Testing Leads to Identity of County's Oldest Jane Doe Case
(DBN)

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Judges:

Brett Kavanaugh Takes A Shot At The U.S. News Law School Rankings — Maybe Now You’ll Forget About That Other Kavanaugh Story
(DBN)

Judge Whose Medicine Allegedly Had A Side Effect Of Racism Found Not To Have Violated Ethical Conduct
(DBN)

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Wall Street:

Dow futures fall 200 points as traders brace for a busy week of earnings, Fed rate decision
(DBN)

Top Bankers in Asia See 50% Pay Cuts After Drought in Deals
(DBN)

Stocks Are Poised to Hit New Lows This Year, Survey of Investors Shows
(DBN)

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Layoffs:

NJ: After pandemic pause, WARN Act amendments set to take effect
(DBN)

Lonely layoffs in the work-from-anywhere world
(DBN)

Synopsys cuts more than 100
(DBN)

Shutterfly layoffs impact 360
(DBN)

Goodyear Tire & Rubber Company laying off 500 salaried employees
(DBN)

Phillips to Fire 6,000
(DBN)

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Autos:

'Elon made me embarrassed to drive my TESLA' Why Teslas Keep Catching on Fire Tesla just had its best week since May 2013 Rick Ross says he would never ride in a Tesla because he fears the self-driving car could take him to the authorities against his will Tesla Driver Who Drove Off Cliff Arrested California firefighters use 6,000 gallons of water to put out "spontaneous" Tesla car battery fire
(DBN)

Plug pulled on solar-powered electric-car company
(DBN)

Americans struggling to make car payments is highest since Great Recession
(DBN)

Hertz: Is This Promising Turnaround Moving Too Fast?
(DBN)

2 major auto insurers are refusing to cover certain Hyundai, Kia models deemed too easy to steal
(DBN)

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Politics:

Trump takes aim at DeSantis in first major campaign swing Trump criticizes “disloyal” DeSantis’ COVID record Trump opens 2024 run, says he’s ‘more committed’ than ever Trump kicks off his 2024 campaign: 'We are at the brink of World War III' Trump struggles to define himself at his first public campaign stop Trump's sleepy start to 2024
(DBN)

Haley Swings at Trump: Don't Need to Be 80 to Lead
(DBN)

Meet Ron DeSantis’ inner circle DeSantis: I'm Dreaming of a White History
(DBN)

Biden Hones Policy Themes for Re-election Effort
(WSJ)

The power couple at the center of Biden’s political universe
(DBN)

McCarthy's bid to oust Omar from committee in peril as third GOP rep. objects
(DBN)

RNC promises to be independent from Trump in 2024. Can it succeed?
(DBN)

Republicans confront bitter divide; no clear path forward
(DBN)

House Republicans’ coming Wile-E-Coyote moment
(DBN)

Inside the GOP Misinformation Playbook
(DBN)

New York Republicans want George Santos gone. They know just the person to help DOJ Has Criminal Probe Going on Santos We Tried to Call Santos' Imaginary Top Donors Santos scandal consumes Congress, chafes lawmakers on both sides of aisle
(DBN)

Arizona Republicans pick former Trump official to lead party
(DBN)

Kari Lake Wants RNC to Pay Her Legal Bills
(DBN)

Manchin sees himself as shuttle diplomat from Democrats to McCarthy
(DBN)

What three hard-line conservatives plan to do with their seats on the Rules Committee
(DBN)

Business leaders warn GOP's anti-trans proposals paint Missouri as 'backwards and bigoted'
(DBN)

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Movie Theaters:

Cineworld's creditors contact rival Vue about possible sale as part of efforts to salvage business
(DBN)

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Economy:

Yellen warns of debt ceiling 'catastrophe' Yellen Says Raising Debt Limit Is Only Solution to Avoid Fiscal Crisis Debt default would make Lehman bankruptcy 'look like a walk in the park' Schumer plots debt ceiling course against McCarthy: 'We'll win' Vets of Last Debt Ceiling Standoff Now Worried How a 'lesson of 2011' shaped Biden's no-negotiation stance on debt limit How a 'lesson of 2011' shaped Biden's no-negotiation stance on debt limit McConnell, Senate GOP happy to sit out debt limit talks — for now White House blasts McCarthy for comments on "strengthening" Social Security, Medicare McCarthy: Social Security, Medicare cuts ‘off the table’
(DBN)

Lots of sound and fury on US debt, but not a crisis — yet
(DBN)

FOMC Preview: 25bp Hike
(DBN)

US inflation and consumer spending cooled in December
(DBN)

Personal Income increased 0.2% in December; Spending decreased 0.2%
(DBN)

Food inflation slowed down last month — but the relief may not last
(DBN)

Economists Have Failed Middle-Class Americans on Inflation
(DBN)


US population center trending toward South this decade
(DBN)

The Jobless Rate Is at a Half-Century Low. In These States, It’s Even Lower.
(WSJ)

Republicans Are Already Burying Their Kooky National Sales-Tax Plan
(DBN)

SNAP benefits returning to pre-COVID amounts in February
(DBN)

Yellen holds the line on Russia sanctions
(DBN)

Banks Brace for More Consumers to Fall Behind on Their Loans
(WSJ)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Realtor.com Reports Weekly Active Inventory Up 69% YoY; New Listings Down 5% YoY
(DBN)

NAR: Pending Home Sales Increased 2.5% in December, Year-over-year Down 33.8%
(DBN)

Has Housing "Bottomed"?
(DBN)

The housing market wakes from the dead
(DBN)

Bernie Madoff’s Beach House Proves A Not Much Better Investment Than Bernie Madoff’s Funds
(DBN)

Bed Bath & Beyond’s Woes Prompt Landlords to Line Up New Tenants
(WSJ)

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Municipalities:

Jackson May be Without Water Periodically for a Decade
(DBN)

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Oil/Gas:

For automakers, the EV surge is everything everywhere all at once
(DBN)

Big Oil Set To Report Record $200 Billion Profits For 2022
(DBN)

____________

Tech:

Big Tech's big lie
(DBN)

Big Tech Antitrust Push in Congress Is Blunted by GOP-Led House
(DBN)

Musk Faces SEC Probe for Role in 'Self-Driving' Claims
(DBN)

Fidelity again cuts its Twitter valuation
(DBN)

____________

Crypto:

Wall Street Firm Set to Reap Millions for Untangling FTX Empire FTX's lawyers are reportedly making $2,000 an hour as they untangle the failed crypto exchange's chaotic finances FTX lawyers to reap millions from the bankruptcy case
(DBN)

For FTX Customers Seeking Tax Losses, Details Matter
(DBN)

Department of Justice calls to bar Sam Bankman-Fried from contacting FTX employees after allegations of witness tampering Samuel Bankman-Fried Contacted Potential Witness in Possible Attempt to Influence Testimony: Prosecutors US prosecutors seek to ban SBF from Signal after alleged witness contact FTX's Sam Bankman-Fried, DOJ tussle over his communications FTX founder Bankman-Fried objects to tighter bail, says prosecutors 'sandbagged' him FTX Foreign Customers Hit Language Barriers as They Fight for Their Crypto Sam Bankman-Fried's FTX might even owe money to a tiny Bahamian garden shop. Here are some surprising names on the crypto exchange's long list of creditors Now We Know Who FTX Scammed Aussie regulator flagged concerns about FTX months before collapse: Report
(DBN)

Wyoming crypto bank's Federal Reserve application denied
(DBN)

A peek into BlockFi’s secret financials (it’s not pretty)
(DBN)

BlockFi’s $10M Staff Bonus Package Approved by NJ Bankruptcy Court Judge
(DBN)

Celsius faces backlash after unveiling dull recovery plan to exit bankruptcy
(DBN)

Minnesota’s Emmer, still a crypto booster, says Congress needs to step up oversight of regulators
(DBN)

Genesis Capital’s fall might transform crypto lending — not bury it
(DBN)

Total crypto market cap rises above $1T — data suggests more upside is in store
(DBN)

New York Pressures Crypto Custodians To Keep Client Assets Discrete
(DBN)

FTX collapse fuels more scrutiny of firms who have custody of client crypto funds
(DBN)

Bitcoin Barrels Toward Historic January as Crypto Market Jumps by $280 Billion
(DBN)

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Climate:

Washington’s Hinman Glacier gone after thousands of years
(DBN)

NYC’s current snowless streak on track to break 50-year record
(DBN)

Bill Maher Scolds DiCaprio, Clooney, Oprah and More for Preaching Environmentalism While Using Private Jets
(DBN)

Sea Level Rise is Being Underestimated
(DBN)

New Zealand's flood-hit largest city braces for second atmospheric river
(DBN)

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Hotels:

Hotels: Occupancy Rate Down 6.2% Compared to Same Week in 2019
(DBN)

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Healthcare:

SmileDirectClub: Circling The Drain?
(DBN)

Pipeline Health Cleared to Exit Bankruptcy
(DBN)

COVID Jan 27, 2022: Update on Cases, Hospitalizations and Deaths
(DBN)

'Operation Nightingale' Busts Dozens Accused of Faking Thousands of Nursing Diplomas: Feds
(DBN)

CDC urges people with weak immune systems to take extra precautions after Covid knocks out Evusheld
(DBN)

Europe is running out of medicines
(DBN)

Utah becomes first state in 2023 to ban gender-affirming care for youth
(DBN)

____________

Retailing:

Bed Bath & Beyond's efforts to find buyer stalled Bed Bath & Beyond customers face empty shelves ahead of looming bankruptcy What Happens To Bed Bath & Beyond Stock In Bankruptcy
(DBN)

Bed Bath & Beyond Used to Be Great. These Two Are Why.
(WSJ)

____________

Finance:

The fear of being J. Crewed is once again roiling leveraged loans
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 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)

Mass Torts:

Creditors Committee Files Reorganization Plan for Diocese of Rockville Centre; Diocese of Rockville Centre Files Reorganization Plan in Response
(DBN)

Abuse survivors say Catholic church has failed to disclose hundreds of cases in NJ
(DBN)

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Miscellaneous:

Paul Weiss Restructuring Department Bulletin - January 2023
(DBN)

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Labor:

Employee Considerations in Corporate Restructurings
(DBN)

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Corporate Governance:

2022 Delaware Corporate Law Year in Review
(DBN)

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Aviation:

Flights canceled as UK airline Flybe sinks into bankruptcy British Airline, Flybe, Collapses a Second Time Flybe administration: Scramble to change plans after airline ceases trading
(DBN)

SNL Skewers Southwest Airlines
(DBN)

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Fraud:

Most Adani shares continue bloodbath as Asia’s richest man loses $28 billion in a month
(DBN)

____________

Sports:

What does the looming Sinclair RSN bankruptcy mean for the future of baseball broadcasting?
(DBN)

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Celebs:

Priscilla Presley Disputes ‘Invalid’ Amendment to Lisa Marie’s Trust
(DBN)

Elon Musk Apologizes to Pelosi Family
(DBN)

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Pharma:

Drug companies brace for chairman Bernie
(DBN)

____________

Education:

Inside a US Neo-Nazi Homeschool Network With Thousands of Members
(DBN)

How schools are trying to protect students from shootings
(DBN)

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Personal Finance:

Self-made millionaire: Here are 8 things rich people do differently that make them ‘ultra wealthy’
(DBN)

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Student Debt:

3 predictions of what happens if Supreme Court strikes down student loan forgiveness
(DBN)

26 Million Applied for Student Debt Relief
(DBN)

16 Million Set Up for Student Loan Forgiveness
(DBN)

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Religion:

‘There Is a Real Sense That the Apocalypse Is Coming’
(DBN)

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Private Equity:

When Private Equity Came for the Toddler Gyms
(DBN)

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Utilities:

US Utilities Cut Off Power to Millions
(DBN)

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Sovereigns:

China's massive debt deal with Africa
(DBN)

____________

UK:

UK leader fires party chairman over tax bill allegations
(DBN)

Army spied on lockdown critics
(DBN)

____________

Canada:

Best Buy Canada reportedly laying off 700
(DBN)

Vancouver Embarks on Bold Experiment to Decriminalize Hard Drugs
(DBN)

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Russia:

Vladimir Putin is set on 'big war' with NATO to bring back the Iron Curtain says top Russian political scientist To Fix Its Problems in Ukraine, Russia Turns to the Architect of the War
(DBN)

Some Western Backers of Ukraine Worry That Time Might Be on Russia’s Side
(WSJ)

Russians gone from Ukraine village, fear and hardship remain
(DBN)

How to fix a howitzer: US offers help line to Ukraine troops
(DBN)

How Russia is molding the minds of schoolkids to support its brutal invasion of Ukraine
(DBN)

Ukraine: 'Fast-track' talks underway for missiles, planes Germany warns against arms race as Ukraine pushes for missiles, jets Ex-NATO commander says West sending Ukraine tanks ‘creates real problems for Putin’ Germany's Scholz doubles down on refusal of fighter jets for Ukraine Zelenskiy: Ukraine needs more weapons, faster
(DBN)

NATO Chief Presses SKorea to Send Lethal Aid
(WSJ)

An anti-Putin tattoo on one ankle and a tracking bracelet on the other
(DBN)

Ukraine wants to join European Union within 2 years, prime minister says
(DBN)

Erdogan suggests Turkey could accept Finland into NATO — without Sweden
(DBN)

____________

China:

Air Force general predicts war with China in 2025, tells officers to prep by firing 'a clip' at a target, and 'aim for the head'
(DBN)

Top House Foreign Affairs Republican agrees with possibility of war with China
(DBN)

____________

MENA:

7 Israelis Killed Leaving Jerusalem Synagogue
(DBN)

Israeli police seal off home of Jerusalem synagogue attacker Israel to Punish Terrorists' Families
(DBN)

CIA director visiting Israel, West Bank as concern over violence intensifies
(DBN)

Suicide Bombing at a Pakistan Mosque Kills Dozens
(DBN)

Reports of torture, unfair trials in Iran trigger fresh alarm over fate of protesters
(DBN)

____________

Brazil:

Crusading judge tests boundaries of free speech in Brazil
(DBN)

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France:

France must raise pension age to 64, prime minister says
(DBN)

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Kazakhstan:

Law on bankruptcy and restoration of solvency in Kazakhstan: why it is important
(DBN)

____________

Italy:

Elon Musk: Italy is Dying
(DBN)

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