January 6, 2023

The Daily Bankruptcy News

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Law:

Goodwin Procter plans layoffs of lawyers, paralegals and staff members Goodwin Procter Axes Lawyers, Staff Amid Demand Slowdowns Law firm Goodwin Procter cuts lawyers and staff amid shrinking demand Am Law 20 Firm Begins Layoffs
(DBN)

What To Do If You Get Laid Off -- Or If You Think You Might Get Laid Off
(DBN)

Time to Buckle Up: The ‘Mad Men’ Era Is Coming Back to Big Law
(DBN)

Murdaugh prosecutors seek to limit Curtis Smith’s role in upcoming trial
(DBN)

Southeastern U.S. law firms ink 550-lawyer merger Law Firm Merger Set To Create New Am Law 200 Firm That Will Dominate The Southeastern Market
(DBN)

Law Firm Merger Mania Is On The Upswing
(DBN)

Simpson Thacher Tops M&A Advisers Chart in Down Year for Deals
(DBN)

From Law School Trolling To Solicitor General In Less Than 4 Years
(DBN)

Blazing A Trail For Women, Then And Now
(DBN)

Special counsel Jack Smith gets trove of new documents from local election officials
(DBN)

Florida Attorney Used Proceeds Of COVID Loan Scam To Pay Trump Golf Club
(DBN)

Trump's Lawyers Argue That Rape Is Not A 'Distinct Injustice' In E. Jean Carroll Assault Case
(DBN)

Idaho murder suspect's DNA found on knife sheath at crime scene, police say Idaho suspect changed car title 5 days after college student slayings, records show DNA on knife sheath found on bed of Idaho murder victim matched DNA found in trash at home of suspect's parents, court documents show Roommate Came Face-to-Face With Idaho Suspect Night of Massacre 'The Families Will Be Here for the Long Haul': With Victims' Relatives in View, Alleged Murderer Bryan Kohberger Appears in Idaho Court for the First Time 'There's Someone Here': Idaho Four Murder Suspect's Unsealed Filings Paint Vivid Account of Victims' Final Moments 'I Pulled You Over for Tailgating': Video of Idaho Four Murder Suspect Bryan Kohberger Shows Conversation With Indiana Deputy During Traffic Stop FBI Didn't Ask Police to Pull Over Kohberger
(DBN)

Artificial Intelligence is about to defend a human in court ‘for the first time ever’
(DBN)

Biden to visit El Paso on Sunday, his first trip to the border since taking office Biden targeting illegal border crossings Biden announces new program to curb illegal migration as he prepares for visit to border Biden expands Title 42 expulsions while opening legal path for some migrants Biden's run to the border Biden toughens border, offers legal path for 30,000 a month
(DBN)

Facing migration flood, US resumes services at Cuba embassy
(DBN)

8 found fatally shot in Utah home, including 5 children Utah Father Suspected in Murder-Suicide That Left Eight Members of Family Dead
(DBN)

Man accused of chewing off man's ear said victim was a robot
(DBN)

Grammy-Winning Recording Engineer Killed by Police SWAT Team in Nashville After Allegedly Holding Family Hostage
(DBN)

Electric chair, firing squad's legality at S. Carolina court
(DBN)

Daughter of First-Ever U.S. Director of National Intelligence Convicted of Murder
(DBN)

19-Year-Old Man Who Used Anti-Gay Slur in Mass Shooting Threat to University Says It Was a 'Joke': FBI
(DBN)

South Carolina Supreme Court strikes down state's 6-week abortion ban South Carolina's Supreme Court Becomes First Top State Judiciary to Strike Down Abortion Law After SCOTUS Overturned Roe v. Wade Idaho Court Upholds Abortion Ban Now able to sell abortion pill, U.S. pharmacies weigh if they should
(DBN)

California Will Pay Reparations to People It Sterilized, If It Can Find Them
(DBN)

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Judges:

Sotomayor says she felt 'sense of despair' in previous SCOTUS term Sotomayor Discusses 'Despair' Over Post-Roe SCOTUS, as FDA Changes Abortion Pill Rule She Once Called 'Irrational'
(DBN)

This Newly Sworn In Justice's Commitment To Due Process Is Already Generations Strong
(DBN)

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Wall Street:

Stock futures are little changed as investors look ahead to Friday’s jobs report
(DBN)

Corporate Insiders Aren’t Betting on a Market Rebound
(WSJ)

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Layoffs:

Lots of layoffs, few jobless claims
(DBN)

Crypto Lender Genesis lays off 30% of staff, report
(DBN)

______________

Politics:

GOP’s McCarthy pressured to ‘figure out’ speaker race Eleven Up. Eleven Down Late Night Deal Might Lead to Speaker Confirmation McCarthy fails again to win speakership: House stalemate Speaker Election Becomes Longest Since 1859 McCarthy appears to lose 10th round Republicans and Democrats Quietly Consider a Speaker Deal McCarthy bid sees glimmer of hope after late-night concessions House’s speaker drama shrinks congressional agenda Burning down the House: The colorful chaos of a speaker-less chamber Kevin McCarthy set to lose in seventh round of voting on day 3 of House GOP chaos Still no speaker, despite McCarthy's major concessions
(DBN)

Matt Gaetz votes for Trump for speaker
(DBN)

The GOP's institutionalized anarchy
(DBN)

Trump’s spell over GOP breaks with McCarthy meltdown
(DBN)

Josh Shapiro taps a Republican who stood up to Trump to be Pennsylvania's top elections official
(DBN)

Republican Freedom Caucus Pushes for New Committee to Investigate the Surveillance State
(DBN)

Florida and Texas, the Far-Right Axis
(DBN)

____________


Economy:

Goldman December Payrolls Preview
(DBN)

December Employment Preview
(DBN)

Job growth expected to have cooled in December but not enough to slow Fed rate hikes
(DBN)

Move on from COVID? Child care disruptions continue
(DBN)

FTC proposes to ban noncompete clauses, says move will strengthen workers' hands.
(DBN)

Trade Deficit decreased to $61.5 Billion in November
(DBN)

GOP War On 'Woke' Investing Elicits Shrug From Companies
(DBN)

Zombies Hook Up to Survive the Startup Winter
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Home sellers are basically throwing money at buyers right now
(DBN)

Rents Continue to Decline More than Seasonally Normal
(DBN)

'Yeah, We're Stuck in Here': Landlord Allegedly Trapped Tenants in Garage, Refused to Let Them Go Even When Deputies Arrived
(DBN)

____________

Student Debt:

Biden launches defense of student debt relief at Supreme Court
(DBN)

____________

Labor:

Elon Musk is ‘a perfect recruitment tool’ for organized labor, says British union boss
(DBN)

Nurses strike looms in NYC
(DBN)

____________

Crypto:

FTX Customers Take Enron, WorldCom Path in Legal Fight for Cash FTX customers want more info on FTX’s plans to sell subsidiaries US securities regulator probes FTX investors' due diligence US closes in on Bankman-Fried inner circle with probe of FTX chief engineer Anyone Who Took Money From FTX Ought to Repay It Unreported Transactions Linked to Disgraced FTX Co-Founder Revealed by Onchain Investigation How The History Of Bank Runs Helps Us Understand The FTX Fiasco And Other 2022 Crypto Exchange Failures
(DBN)

Cryptocurrency sector faces fresh reckoning as US authorities pounce
(DBN)

FTX Tremor Continues: Genesis Considers Filling for Bankruptcy
(DBN)

Silvergate shares tumble on report of $8bn run during crypto meltdown FTX collapse sparks crisis for US bank Silvergate holding deposits for embattled affiliate firms
(DBN)

After a year of collapses, cryptocurrency’s future in the balance
(DBN)

Crypto Lender Genesis Considers Bankruptcy, Lays Off 30% of Staff
(WSJ)

USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors Huobi confirms 20% layoffs, denies insolvency rumors
(DBN)

NY sues over alleged fraud at failed crypto lender Celsius New York sues Celsius founder Mashinsky
(DBN)

Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit
(DBN)

Read Before You Click “Accept”: Judge Glenn Rules That Earn Account Crypto Assets are Property of Celsius’ Bankruptcy Estates and Not Customer Property Bad news for thousands of crypto investors: They don’t own their accounts
(DBN)

Crypto hedge fund Three Arrows Capital liquidators demand documents via Twitter
(DBN)

____________

Tech:

Tech giants face alternate universes across the Atlantic
(DBN)

Twitter hires law firm slammed by Musk multiple times: reports
(DBN)

Naomi Wolf Is Back On Twitter, Is Still Suing To Have Her Account Restored
(DBN)

____________

Retailing:

Bed Bath & Beyond shares plummet after company warns of potential bankruptcy Bed Bath and Beyond: We Might Not Make It Why Bed Bath & Beyond Is Weighing Bankruptcy
(DBN)

Macy's closing more stores in 2023. See the list.
(DBN)

Deep discounts drive record holiday online shopping
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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)

SCOTUS:

Supreme Court will consider ‘huge’ attorney-client privilege case
(DBN)

Chemerinsky: Expect another wave of significant rulings as the Supreme Court returns
(DBN)

____________

Discharge:

A Royal Pain: Contingent Royalties Held to be Dischargeable in Mallinckrodt
(DBN)

____________

Aviation:

Automakers are pouring millions into "flying taxis"
(DBN)

'We threw ourselves to the floor': Mexican passenger plane caught in cartel crossfire
(DBN)

____________

Autos:

Stellantis CEO warns of more auto plant closures
(DBN)

Car Owners Strain as More Loan Payments Soar to $1,000
(DBN)

Automakers are cautiously optimistic for rebound after worst new vehicle sales in more than a decade
(DBN)

____________

Hotels:

Hotels’ Distress Lays Groundwork For More Bankruptcies in 2023
(DBN)

____________

Student Debt:

Biden Admin Points Out to Supreme Court That Challengers Fighting Student Debt Relief Would Be 'Worse Off' if They Win
(DBN)

____________

Fraud:

Disgraced Reality TV Star Jen Shah Fights with Feds over 'Salacious' Account of Her Alleged Affair on Eve of Fraud Sentencing
(DBN)

____________

Food/Beverage:

One of nation's largest Burger King franchisees declares bankruptcy in Akron 90-Unit Burger King Franchisee Files for Chapter 11 Bankruptcy Protection
(DBN)

____________

Climate:

Evacuations ordered as California storm knocks out power California Storms Wiping Out Historic Drought
(DBN)

UK saw hottest-ever year in 2022 as Europe's climate warms
(DBN)

Slashing greenhouse gas emissions key to saving Earth's glaciers, study finds
(DBN)

Survey: 3.3 million US adults displaced by natural disasters
(DBN)

____________

Canada:

Consumer insolvencies in November reach highest number since pandemic began
(DBN)

____________

China:

Beds run out at Beijing hospital as COVID-19 spreads
(DBN)

Former NATO chief: Europe must help deter China from attacking Taiwan
(DBN)

____________

Russia:

Putin orders 36-hour holiday weekend cease-fire in Ukraine Ukraine dismisses Putin's call for weekend cease-fire as "hypocrisy"
(DBN)

Putin Tells Erdogan: Ukraine Must Accept Loss of Territories for There to Be Dialogue
(DBN)

Evidence of Russian crimes mounts as war in Ukraine drags on
(DBN)

Sitting ducks? Russian military flaws seen in troop deaths
(DBN)

Biden weighs sending Bradley Fighting Vehicles to Ukraine U.S. and Germany sending armored vehicles to Ukraine
(DBN)

U.S. pledges $30m to Moldova hit hard by war in Ukraine
(DBN)

____________

Mexico:

El Chapo's Son Arrested: All Hell Breaks Loose
(DBN)

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