January 4, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Amid rumors of merger talks, Hogan Lovells and Shearman & Sterling say they always look for opportunities
(DBN)

Proskauer accuses former COO of ‘brazen and malicious’ theft of firm’s sensitive information
(DBN)

Kramer Levin Elevates Restructuring Lawyer to Special Counsel
(DBN)

Potter Anderson Announces New Bankruptcy Partner
(DBN)

Holland & Knight Names New Bankruptcy Partner
(DBN)

Milbank Elects New Restructuring Partner
(DBN)

Law firm Kasowitz Benson sues spinoff in dispute over legal fees
(DBN)

Minnesota Supreme Court approves disbarment of Willmar attorney after fraud conviction in bankruptcy scheme
(DBN)

US News to Change Law School Rankings After Yale, Harvard Quit US News changes its rankings system amid boycotts by most top law schools With Law Schools Dropping Like Flies From Its Ranking, U.S. News Revamps Its Formula
(DBN)

ATL Holiday Card Contest: The Winner! (2022)
(DBN)

Lawyers, Clients Forced To Freeze Their Butts Off Outside This Federal Courthouse
(DBN)

GOP seeks to prevent Archives handling of Jan. 6 document trove Ex-Capitol Police chief warns agency still ‘not in a better place’ two years after Jan. 6 failures: book Man who tripped officer with bike rack on Jan. 6 pleads guilty to felony
(DBN)

Dershowitz Asks Judge to Not Sanction Him
(DBN)

After Democrats release Trump's tax returns, CPAs have questions: 'In order to generate these kinds of losses, you need to be super rich. It's not a poor man's game.' The big picture fight over Trump’s taxes
(DBN)

Police Killed a Record Number of People Last Year
(DBN)

US Virgin Islands fires attorney general in Epstein cases
(DBN)

Genetic genealogy leads to arrest in Idaho teen's 1996 murder
(DBN)

Bank Robberies Fall to Zero for First Time in Cashless Denmark
(DBN)

Car on autopilot leads police on chase
(DBN)

'Inexcusable': Louisiana Cop Gets Double Homicide Charge After High-Speed Chase Leaves 2 High School Cheerleaders Dead
(DBN)

Everything we know about Idaho murders suspect Bryan Kohberger’s parents Idaho murder suspect Bryan Kohberger cleared for extradition to Idaho The eerie links between Bryan Kohberger and the BTK, Golden State and Grim Sleeper murderers Bryan Kohberger's Drive Across America
(DBN)

Abortion demand has quadrupled at California clinics FDA Expands Availability of Abortion Drugs
(DBN)

Tech CEO arrested, accused of peeping in Panera Bread women’s restroom
(DBN)

Colorado plans to send more migrants to New York
(DBN)

ABC News producer Dax Tejera and wife left kids alone to go to restaurant before he died: sources
(DBN)

How Democracy Nearly Died in Wisconsin
(DBN)

Tesla Driver Drove Off Cliff to Kill Family
(DBN)

MA: Swastikas in Yard of Jewish Family
(DBN)

______________

Judges:

Vacancy, Judicial Law Clerk, The United States Bankruptcy Court for the District of Maryland
(DBN)

This Supremely Historic Justice Won 2022's Lawyer Of The Year Contest By A Landslide
(DBN)

Biden, Senate Democrats gear up to prioritize judges in 2023
(DBN)

Justice Clarence Thomas’s wife, right-wing activist Ginni, expressed regret over conspiracy theories, select committee transcripts suggest
(DBN)

Biden May Appoint More Judges Than Trump
(DBN)

______________

Wall Street:

Stock futures rise as Wall Street tries to recover from Tuesday’s rocky session
(DBN)

The new hot bench: With Jackson leading the way, the justices are speaking more during oral arguments
(DBN)

Markets are being rocked by the biggest macro storm in decades, and investors need to brace for volatility and persistent inflation, BlackRock warns
(DBN)

Goldman Sachs yanks free coffee perk as layoffs loom
(DBN)

______________

Layoffs:

Amdocs cuts 700 jobs
(DBN)

GlobalFoundries laid off 221
(DBN)

Salesforce Plans to Cut 10% of Jobs After Customers Pull Back
(DBN)

TikTok’s Chinese Parent Company Fires Hundreds in Mass Layoff
(DBN)

Layoffs announced at medical marijuana plant
(DBN)

______________

Labor:

Microsoft game makers unionize after vote passes by "supermajority"
(DBN)

____________

Hedge Funds:

New Hedge Fund Soars 163% Betting Everything Is Going Down
(DBN)

Odey’s Hedge Fund Soars 152% in Best Ever Year on Inflation Bet
(DBN)

____________

Privacy:

States' long-awaited data privacy laws are going into effect
(DBN)

____________

Fraud:

Welfare scandal sharpens contrasts in long-poor Mississippi Mississippi Cuts Aid to Poor 90%, but the Rich?
(DBN)

Fake teen doctor, now 25, sentenced to prison for new scam
(DBN)

Oklahoma bank, former VP allegedly aided DFW home flipper’s Ponzi scheme, according to bankruptcy trustee
(DBN)

____________

Autos:

Tesla shares tumble more than 10% following deliveries report Tesla’s future is going bankrupt, here’s why Tesla Fined Millions for False Advertising
(DBN)

The Secret That Explains the Price of the Cheapest Tesla
(DBN)

Inflation Won’t Stop 2023 Auto Sales Growth Amid Chip Recovery
(DBN)

____________

Student Debt:

Where student loan forgiveness stands: Legal fight shifts to Supreme Court
(DBN)

____________

Banking:

Kentucky treasurer says 11 banks subject to divestment due to energy company ‘boycotts’ BlackRock, Citigroup Among Firms Named Fossil-Fuel Boycotters by Kentucky
(DBN)

____________

Healthcare:

Company’s bankruptcy leaves Minn. counties searching for jail medical care
(DBN)

America's health care focus shifting in 2023
(DBN)

Medical Credit Cards Cause Financial Pain for Struggling Patients, Senators Say
(DBN)

What happened to critically injured NFL player Damar Hamlin? A cardiologist explains Bills’ Hamlin in critical condition after collapse on field Why do some young athletes suffer cardiac arrest? Far-Right Trolls Are Already Spreading Anti-Vax Conspiracies About Damar Hamlin NFL Player’s Collapse Evokes Rare Sports-Linked Condition How an NFL hit could stop a heart
(DBN)

Omicron offshoot XBB.1.5 could drive new Covid-19 surge in US
(DBN)

German doctor jailed for illegally issuing mask exemptions
(DBN)

‘Not business as usual’: Health lobbyists brace for Bernie Sanders
(DBN)

____________

Transit:

As pandemic wanes, subway cars remain half-empty
(DBN)

____________

Credit Reporting:

Credit-Reporting Firms Face More US Scrutiny as Complaints Jump
(DBN)

____________

Retailing:

Victoria's Secret CEO to exit after just 8 months, stock plummets
(DBN)

____________

Economy:

Wharton professor Jeremy Siegel outlines the 3 big surprises that could shake up the stock market in 2023
(DBN)

Former New York Fed chief: Recession ‘pretty likely’ in US Ex-Fed Chief Greenspan Says US Recession Is Likely US Recession ‘Pretty Likely,’ Ex-New York Fed Chief Dudley Says
(DBN)

Two-thirds of economists surveyed predict recession this year
(DBN)

Jeff Bezos, Elon Musk, and Ken Griffin have flagged the risk of a US recession. Here are 12 grim economic warnings from leading commentators.
(DBN)

8 in 10 say 2023 will be year of economic difficulty: Gallup
(DBN)

First Corporate Bond Deals Show How Expensive Debt Will Be in 2023
(DBN)

Global Bonds Extend New Year Rally on Signs Inflation Has Peaked
(DBN)

Risk advisory firm unveils top threats of 2023
(DBN)

Fed Minutes to Reveal Source of Inflation Angst Pushing Up Rates
(DBN)

Isolated and humiliated, ‘rogue’ Russia tops list of 2023 geopolitical risks: Eurasia Group
(DBN)

Gallup: Americans Pessimistic About '23... 90% Expect Political Conflict
(DBN)

North Carolina breakfast chain bumps up wages by 15% to stop other restaurant managers poaching staff
(DBN)

2023 is the year of salary transparency All the states, cities and counties where companies have to share salary ranges
(DBN)

Thousands of records shattered in historic winter warm spell in Europe Germany Imports First LNG Cargo at New Uniper Terminal Russia's Oil Flows Slump to 2022-Low as Sanctions Squeeze Moscow Germany Open to Seizing Russian Assets to Help Ukraine Rebuild France vows to support baguettes amid energy crisis Russia’s gamble on energy backfires spectacularly as the world experiences a warm winter—and plummeting gas futures BP Still In Spotlight Over Incomplete Russia Exit Worst of Europe’s Energy Crisis May Be Yet To Come UK Energy Burden Set to Shrink as Wholesale Prices Fall Normal Weather Returning to UK After Warm Start to This Year
(DBN)

Gen Z is rewriting the rulebook on 'résumé gaps'
(DBN)

Workers haven’t given up on getting their ‘dream job’ — but what they’re looking for has changed
(DBN)

More Bosses Order Workers Back to Office
(WSJ)

Fresh Fragility in Global Trade Set to Be Revealed in 2023
(DBN)

6 big trade predictions for 2023
(DBN)

The 10 Least Populated States in America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

CoreLogic: House Prices up 8.6% YoY in November; Declined 0.2% MoM in November NSA
(DBN)

MBA: Mortgage Applications Decreased Over Last Two Weeks
(DBN)

Home price increases weakened sharply in November
(DBN)

Construction Spending Increased 0.2% in November
(DBN)

Framing Lumber Prices Down 67% YoY, Slightly Below Pre-Pandemic Levels
(DBN)

‘2022 Has Been The Scariest Year Of My Adult And Professional Life’: One Mortgage Broker Reveals How The Housing Slowdown Upended Financial Security.
(DBN)

____________

Oil/Gas:

China's a 'big wild card' for oil prices as the hit from surging COVID cases has yet to be seen, energy expert Dan Yergin says
(DBN)

Fear of Global Natural Gas Crisis Eased by Warm Start to Winter
(DBN)

Renewables Now 23% of US Electricity
(DBN)

____________

Crypto:

FTX founder Sam Bankman-Fried faces arraignment in New York Sam Bankman-Fried pleads not guilty to federal fraud charges in New York Previewing FTX Founder Sam Bankman-Fried’s Not Guilty Plea in Court Sam Bankman-Fried asks a judge to keep secret the identities of 2 people who helped secure his $250 million bail package How Sam Bankman-Fried Negotiated His Way Out of Jail Bankman-Fried Wants to Shield Data of Guarantors Behind His Bail Sam Bankman-Fried Pleads Not Guilty at His Arraignment, as Judge Sets Trial Date and Agrees to Seal Names of Two Signers of His Bond Bahamas-FTX Dispute Heats Up as Bankman-Fried Prepares for Trial FTX: Crypto exchange’s new chief has ‘cavalier attitude to truth’ – regulator US Feds put together ‘FTX task force’ to trace stolen user funds Judge orders Sam Bankman-Fried to be blocked from accessing or transferring any FTX or Alameda assets
(DBN)

Gemini's Cameron Winklevoss accuses Genesis boss of stalling on returning $900 million Gemini's Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert
(DBN)

Bankrupt 3AC Founder Expects Genesis Bankruptcy, What Happens To Grayscale? 3AC CEO Predicts How War Between DCG / Genesis Will End Su Zhu gets called out by the community as he fires off accusations against DCG
(DBN)

DCG Insolvency Fears Again Sparks Grayscale Liquidation Speculation
(DBN)

$3.7 billion was lost to crypto scams and hacks in 2022 - the worst year in the market's history
(DBN)

A 25-year-old traded $2 billion of crypto from his parents' suburban home in Australia, public records show
(DBN)

Bitcoin Miner Core Scientific to Shut 37,000 Celsius Rigs
(DBN)

Top US Bank Watchdogs Issue Joint Warning on Crypto Activities
(DBN)

Bitcoin Miner Riot Drops ‘Blockchain’ From Name After Rough Year
(DBN)

Crypto Manipulation Has Consequences
(DBN)

Celsius Network Reaches Bankruptcy Court, Crypto Contagion Still In Effect?
(DBN)

Grayscale, DCG: Looming Bankruptcy Full of Downside Possibilities
(DBN)

Executive Linked to Crypto Exchange Bithumb Found Dead Outside His Home: Report
(DBN)

Hit Or Miss? Top 5 Bitcoin Predictions For 2023 | Bitcoinist.Com
(DBN)

Coinbase May Soar In 2023 As Crypto Investors Flock To 'Safe Haven' Exchanges
(DBN)

The Fed, FDIC, and currency comptroller are warning banks about messing with crypto
(DBN)

____________

Politics:

GOP revolt blocks McCarthy from winning House speaker on first ballot Kevin McCarthy resistance stiffens as speaker of the House vote heads to fourth ballot House Adjourns Without Speaker 'Circular firing squad' derails GOP in new Congress House GOP back in familiar pattern — fury at the Freedom Caucus Jeffries wins more votes than McCarthy in first round of Speaker contest Kevin McCarthy has lost 3 ballots for House speaker, with 20 Republicans voting against him to show the would-be leader who's boss McCarthy Suffers Historic Rebuff as Voting for House Speaker Drags Out What you need to know about the House Speaker election McCarthy promises ‘battle’ to be speaker as Congress opens Kevin McCarthy’s once-in-a-century House speakership failure Here are the 19 GOP lawmakers who voted against McCarthy for Speaker on first ballot Breaking down the 19 non-McCarthy GOP votes in the first speaker ballot Crenshaw says hard-line McCarthy opponents ‘are enemies now’ House Republican calls conservatives opposing McCarthy ‘childish’ Bishop, Boebert vow ‘no’ votes on McCarthy How long could Speaker battle drag on? 1856 offers a stark example 'God dammit we are going to win': Defiant McCarthy gets three standing ovations as he tells Republican rebels he's 'earned' Speaker job at heated GOP meeting It's not over for McCarthy's Speaker bid - here's why House speaker battle: Profanities fly as Republican factions get heated over McCarthy speakership bid Defiant McCarthy vows to fight to the end Critic says McCarthy has ‘rejected’ path to Speaker Three possible Speakers-in-waiting to watch if McCarthy falls McCarthy: Gaetz said ‘I don’t care’ if Jeffries wins Speakership instead of me
(DBN)

Prosecutors in Brazil reopening criminal fraud case against George Santos Outgoing NY House rep on George Santos: ‘I’m being succeeded by a con man’ Incoming Republican rep: Santos a distraction to GOP ‘Jew-ish’: Santos’ evolving claims of Jewish heritage Just as Rep.-Elect George Santos Comes into Office, House GOP Considers Rules That Could Hamper the Ethics Committee CNBC anchor, GOP pollster clash over George Santos 'resume padding' Santos Is Set to Be Sworn-In Amid Controversy, House GOP Turmoil George Santos’ First Day in Congress Is Off to a Rocky Start Dodges reporters, sits alone 'Lies could fill a CVS receipt': George Santos earns ethics rap before swearing in Santos Sits Alone as Resignation Calls Mount Over His Lies
(DBN)

New midterms data shows Latinos helped Dems win key races
(DBN)

Trump, Who Got Roe Overturned, Blames Midterms Loss on Abortion Anti-abortion group fires back after Trump comments about the midterms
(DBN)

McConnell becomes longest-serving party leader in Senate history
(DBN)

Large majority of GOP voters support replacing McDaniel as RNC chair: poll
(DBN)

DeSantis Bashes Biden’s Policies, Setting Up Possible National Run
(DBN)

DeSantis strikes defiant tone in inauguration speech amid 2024 speculation
(DBN)

Biden to Renominate Dozens and Name New IRS Chief
(DBN)

Kinzinger rips Trump Jr. over ‘We the People’ Bible sales
(DBN)

White contractors wouldn’t remove Confederate statues. So a Black man did it.
(DBN)

Metal detectors removed from outside the House chamber
(DBN)

Milley Agreed with Pelosi That Trump is Crazy
(DBN)

____________

Movie Theaters:

Cineworld shares slide as it locks focus on group sale
(DBN)

____________

Furniture:

Creditors seek to force shuttered United Furniture into bankruptcy
(DBN)

____________

Hotels:

Hager accused of fraud at Williamsburg hotel project
(DBN)

Crowne Plaza Hotel in Times Square Files for Bankruptcy
(DBN)

____________

Education:

Tennessee’s list of defunct colleges keeps growing
(DBN)

___________

New Bankruptcy Opinions
(2 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

BK ME: December 2022 Filing Statistics
(DBN)

New Hampshire rings out 2022 with an uptick in bankruptcy filings
(DBN)

______________

Subchapter V:

Subchapter V Trustee: Initial And Subsequent Zoom Meetings–A Facilitation Tool
(DBN)

____________

Mass Torts:

Appeal in Guam church bankruptcy exit plan case dismissed
(DBN)

____________

Miscellaneous:

2022 Bankruptcy Year in Review: What We Saw and What’s Ahead in 2023
(DBN)

____________

Discharge:

“Fiduciary Capacity” Discharge Exception—At U.S. Supreme Court (Spring Valley v. Forrest)
(DBN)

____________

D&O:

The Top Ten D&O Stories of 2022
(DBN)

____________

Advisors:

Force 10 Partners Expands Bankruptcy Advisory Team, Adding Edward Kim And Jorge González As Partners
(DBN)

____________

Aviation:

Southwest's lost luggage chaos is a boon for Apple, as AirTags surge to the top of Amazon's bestseller list How to use Apple's $29 AirTag to track your luggage United passenger says her AirTag showed her luggage was delivered to a random property and a McDonald's — and a rep told her to 'calm down' when she complained
(DBN)

Southwest stabilizes after holiday meltdown but costs are still piling up Southwest under the microscope Southwest Airlines passenger sues airline for failing to offer 'prompt refunds' after travel meltdown 3 Things Southwest Airlines Has to Do Right Now to Save Its Brand
(DBN)

'Ruining Christmas': Tourist says Delta rescinded $24K travel vouchers after canceling flight
(DBN)

Beijing threatens response to ‘unacceptable’ virus measures China threatens response to COVID testing requirements for passengers EU Moves Toward Requiring Covid Tests for Passengers From China UK Sees No Sign of New Covid Variants of Concern From China White House Says No Cause for China Retaliation Over Covid Curbs Europe's hot mess response to China's Covid surge Airlines Slam ‘Knee-Jerk’ Covid Test Plan For Chinese Travelers Japan to Step Up Border Curbs on Visitors From China on Jan. 8 New Zealand Won’t Seek Negative Covid Test for China Travelers
(DBN)

Will Jet Airways ever fly again?
(DBN)

Air France-KLM Taps Contentious ESG Market to Repay State Aid
(DBN)

____________

Tech:

Twitter is worth half as much as it was when Elon Musk bought it, Fidelity says Nobel economist Paul Krugman says Elon Musk's bizarre Twitter antics and 'lack of impulse control' have accelerated Tesla's inevitable demise as a market leader The real-world effect of Elon Musk's online drama Tesla Shares Set for Losses Even as US Tech Futures Flash Green Musk's Twitter to lift ban on political ads 'in coming weeks'
(DBN)

Wharton professor Jeremy Siegel channels Warren Buffett in explaining the problem behind Tesla's epic stock price decline
(DBN)

Apple's market cap falls under $2 trillion as sell-off continues
(DBN)

Social media created a generation of 'weakened kids' threatening American culture and capitalism, NYU business school professor says in WSJ op-ed
(DBN)

____________

Pensions:

Investing Novices Are Calling the Shots for $4 Trillion at US Pensions
(DBN)

____________

Trade Shows:

CES bets on post-pandemic bounce
(DBN)

____________

Utilities:

US Eastern Electric Grid Narrowly Dodged Collapse During Storm
(DBN)

2 arrested in power substation vandalism that left thousands without power in Washington state
(DBN)

____________

Climate:

California Braces for Its Next Deluge as Pacific Storms Line Up More Massive Rainfall Due for California
(DBN)

California Rains Boost Snowpack as State Suffers Historic Drought
(DBN)

These are the Climate Numbers to Watch in 2023
(DBN)

France Prepares Green Industry Bill Echoing US Climate Law
(DBN)

____________

Pharma:

New Chapter 11 Bankruptcy Filing - Medly Health Inc.
(DBN)

____________

Television:

NATPE Assets Sold in Bankruptcy Auction to Banff Operator
(DBN)

____________

UK:

British Drinking Culture, Meet Cost of Living Crisis
(DBN)

U.K. Faces New Wave of Strikes as Workers Fight for Higher Pay
(WSJ)

Collapsed Solar Firm’s Debt to UK Council Reaches £692 Million
(DBN)

UK to Suffer Longest and Deepest Recession
(DBN)

Foreign Investors Dump UK Gilts at Record Rate Despite Austerity
(DBN)

UK Mortgage Approvals Slump to Lowest Since Start of Pandemic
(DBN)

Inflation in UK Shops Dips From Record High Amid Discounting
(DBN)

____________

EU:

ECB’s Kazaks Sees ‘Significant’ Rate Hikes at Next Two Meetings
(DBN)

European Debt Defaults Seen Surging in Echo of Covid Turmoil
(DBN)

____________

Canada:

Foreigners now banned from buying homes in Canada
(DBN)

Canadian Consumers Postpone Big Purchases as Prices Climb
(DBN)

____________

Ireland:

Irish Home Prices Slip in Sign Buyers Are Getting Stretched
(DBN)

____________

Russia:

Drone advances in Ukraine could bring dawn of killer robots today
(DBN)

Russia Ups Death Toll in Ukraine Strike, Blames Cell-Phone Use
(DBN)

Russia planning ‘prolonged’ drone attack: Zelensky
(DBN)

There’s a way to end Putin for good
(DBN)

Russians furious at commanders over Ukrainian rocket strike that killed scores
(DBN)

Soldiers' widows group calls on Putin to order major mobilization for Ukraine war
(DBN)

An unexpected glimpse of disillusionment in Russia’s trenches
(DBN)

____________

China:

Tender sale of Evergrande's Hong Kong headquarters fails again
(DBN)

China Shares Extend Gain on Tech Rally, Property Rescue Measures
(DBN)

U.S.-China-Taiwan tensions aren't going away any time soon
(DBN)

Bodies Pile Up in China as Covid Surge Overwhelms Crematoriums At least 70% of Shanghai's 25M residents infected with COVID, doctor fears
(DBN)

Battered by Covid, China Hits Pause on Giant Chip Spending
(DBN)

____________

MENA:

Jerusalem: Palestinian anger over far-right Israeli minister's holy site visit
(DBN)

Iran Upholds Death Sentences for Teenage Protesters
(DBN)

Iranian chess player was warned not to return to Iran after competing without hijab -source
(DBN)

____________

Germany:

Germany refuses WWII reparations talks, Poland turns to UN
(DBN)

German Unemployment Unexpectedly Falls in Sign of Resilience
(DBN)

____________

Japan:

Japanese families reportedly set to receive 1 million yen per child for moving out of Tokyo
(DBN)

____________

Africa:

East Africa: Restructuring Quarterly Bulletin December 2022
(DBN)

____________

Kazakhstan:

New Year, New Personal Bankruptcy Law--in Kazakhstan
(DBN)

____________


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