March 16, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Wigdor blasts DLA Piper’s use of confidential arbitration in case of associate fired after seeking maternity leave Senior Associate At DLA Piper Just Happened To Be Fired Within A Week Of Asking For Maternity Leave
(DBN)

An Employment-Based 'Preview' Of The 2024 U.S. News Law School Rankings
(DBN)

What makes for unhappy lawyers?
(DBN)

Human man sues 'robot lawyer' company DoNotPay over 'substandard' legal documents
(DBN)

Stanford Law Students Are Fueling the Right-Wing Agenda
(DBN)

Law Firms Are Worried About Their Money, Ability To Close Deals Thanks To Historic Bank Failures
(DBN)

Law firms have ‘another risk to contemplate’ after failure of bank that catered to their needs
(DBN)

Trump biographer says Donald Trump likely wanted to pay off Stormy Daniels because he was 'more afraid' of Melania Trump than of the electorate Stormy Daniels meets with prosecutors investigating Trump Trump Lawyer Tacopina Says Trump Didn't 'Lie' About Stormy Daniels Payment, He Just Said Stuff That Wasn't 'True'
(DBN)

Here's why Donald Trump might face anonymous jury in E. Jean Carroll case — but NY criminal jurors may be famous if he's charged
(DBN)

Trump lawyer, MSNBC’s Ari Melber interview turns heated
(DBN)

Behind the scenes of Trump grand jury
(DBN)

Federal investigators examined Trump Media for possible money laundering, sources say
(DBN)

DOJ urges judge to reject Navarro’s executive privilege claims in trial over Jan. 6 subpoena DOJ: Trump cannot save Navarro from contempt of Congress prosecution
(DBN)

In the mob's eyeline: A senior Republican's close brush revealed in new Jan. 6 footage
(DBN)

Prince Andrew's 'Outrageous' Epstein Conduct Condemned by Accuser's Lawyer
(DBN)

Lawyers Spar Before Judge Over Rescinding Federal Approval of Abortion Pill Abortion pill ruling looms over FDA's drug approval process
(DBN)

Walgreens is pulling back on the abortion pill; these startups and nonprofits aren’t backing down SC women who get abortions could face the death penalty under proposed bill A Texas man is suing those who helped his ex-wife get an abortion. What happens if he wins?
(DBN)

Agreement reached with Smithsonian museum after South Carolina students kicked out for anti-abortion hats
(DBN)

Experts say attacks on free speech are rising across the US
(DBN)

7 Virginia sheriff's deputies charged with 2nd-degree murder in death of man in custody 7 deputies arrested for murder after inmate died at mental hospital
(DBN)

Bryan Kohberger obsessively watches news coverage of himself in jail: inmate Bryan Kohberger’s life under the radar: Walking in the footsteps of an alleged mass murderer
(DBN)

Over 100 cremated remains and 6 bodies found in Northern California warehouse linked to illegal crematorium
(DBN)

Florida woman armed with avocado hit with felony charge for attack on elderly boyfriend
(DBN)

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Judges:

Mask-clad Stanford students hijack, deface dean's office in 'protest' over apology to Trump-appointed judge
(DBN)

Conservative Texas judge weighs challenge to abortion pill
(DBN)

Just How Hypocritical Are the Supreme Court’s Conservative Justices Willing to Be?
(DBN)

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Wall Street:

 

Markets Tumble as Bank Fears Go Global
(DBN)

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Layoffs:

The 6 big takeaways from Mark Zuckerberg's lengthy layoffs post
(DBN)

Hundreds of Google workers in Zurich walked out after 200 of their colleagues got laid off
(DBN)

SoftBank-Backed Fetch Rewards Cuts Staff
(DBN)

Krispy Kreme to lay off 102
(DBN)

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Banking:

Moody's downgrades Signature Bank to junk, places six U.S. banks under review
(DBN)

FAQ Resource, by the Bank Receiverships Task Force
(DBN)

Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
(DBN)

‘Unfortunate and wrong’: Angry taxpayers respond to latest bank bailouts
(DBN)

Biden's claim that Silicon Valley Bank bailout wouldn't cost taxpayers contradicts fiscal reality: economist
(DBN)

BlackRock's Larry Fink says the US banking system may face 'more seizures and shutdowns' after Silicon Valley Bank's collapse
(DBN)

Legendary investor Carl Icahn warns of more SVB-style fiascos, sounds the inflation alarm, and predicts stocks will tumble
(DBN)

'Dr Doom' Nouriel Roubini warns SVB's collapse could spread havoc beyond the US
(DBN)

'Shark Tank' star Kevin O'Leary is blaming Silicon Valley Bank's implosion on a 'negligent board of directors' with 'idiot management'
(DBN)

The Silicon Valley Bank Rescue Just Changed Capitalism
(DBN)

NY bank's demise: Contagion or a problem with the business?
(DBN)

Silicon Valley is working with Wall Street to buy some SVB assets
(DBN)

First Republic Bank Cut to Junk by S&P on Deposit Outflow Risk
(DBN)

Signature Bank in New York went under on Sunday. Other lenders also named Signature Bank are scrambling to let customers know they're still open for business.
(DBN)

'Big Short' investor Michael Burry calls out ESG funds that bet on Silicon Valley Bank: 'impatient, lazy shortcuts'
(DBN)

Why Didn’t Anyone Do Anything About Silicon Valley Bank? Who killed Silicon Valley Bank? SVB Financial explores bankruptcy as option for asset sales How Biden saved Silicon Valley startups: Inside the 72 hours that transformed U.S. banking After Bank Debacle, Silicon Valley Reckons With Its Image Silicon Valley Bank gets a spin on the anti-ESG turntable Silicon Valley Herd Behavior Causes Bank Run, Americans Raise Eyebrows At Fed’s Not-A-Bailout SVB Run Exposes Rifts in Typically Chummy Venture Capital World
(DBN)

What's Going on with First Republic Bank?
(DBN)

SVB Got Sued, So, What Next? A Suit Against Signature Bank, Of Course
(DBN)

Credit Suisse shares tumble more than 20%, leading a plunge in European bank stocks Credit Suisse Dollar Bonds Due 2026 Plunge to Distressed Levels Credit Suisse Default Swaps Show Bank Risks as ECB Raises Interest Rate Credit Suisse was losing the faith of investors long before the SVB debacle. Here's why the situation came to a head this week. Switzerland's central bank says it is ready to provide support to Credit Suisse Credit Suisse to borrow up to $54 billion from Switzerland's central bank Credit Suisse is just the 'tip of the iceberg' as banking turmoil snarls financial markets, JPMorgan Asset Management investment chief says Swiss bank troubles prompt question: More ahead?
(DBN)

Citi, Goldman Lead US Banks Down Amid Credit Suisse Rout
(DBN)

Bank collapse hits home for Black-owned banks as Republicans blame 'woke' culture
(DBN)

Bank runs used to be slow. The digital era sped them up
(DBN)

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Nursing Homes:

In nursing homes, impoverished live final days on pennies
(DBN)

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Pharma:

Biden administration names first round of drugs to face Medicare rebate penalties Biden admin lays out Medicare drug negotiation process
(DBN)

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Fraud:

FBI investigates fire where Chinese billionaire, a Steve Bannon ally, was arrested Inside the palatial $32 million Central Park penthouse that caught fire as FBI began raid on Chinese billionaire owner over scamming online followers out of $1bn
(DBN)

Former Goldman Banker Gets 10 Years in Prison in 1MDB Scandal
(DBN)

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Economy:

Weather Boosted Employment by About 65,000 in February
(DBN)

Survey: CEO optimism was on the rise before Silicon Valley Bank meltdown
(DBN)

CBO Analysis Highlights Difficulty of GOP’s Balanced Budget Goal
(DBN)

Stocks will tumble if the Fed pauses rate hikes because it would mean other banks are about to collapse, DataTrek Research says
(DBN)

Fed Shouldn’t Raise Rates Amid Banking Crisis, Jeffrey Gundlach Says Federal Reserve’s Path Is Murkier After Bank Blowup
(DBN)

The Fed's interest rate moves have likely cost banks $900 billion, and it can stop hiking after SVB's collapse, Fundstrat says
(DBN)

Investors Fear Bank Contagion, Despite a Sweeping Rescue Plan
(DBN)

'Big Short' investor Danny Moses says the SVB crisis is speeding up the US economic slowdown
(DBN)

Age of Easy Money
(DBN)

U.S. Zombie Firms With The Highest Potential Credit Risks
(DBN)

Financial Crisis 2.0?  Morgan Stanley's Shalett Doesn't Think So
(DBN)

US Producer Prices Unexpectedly Fall, Signaling Easing Pressures
(DBN)

Why (almost) everyone in Washington is ticked at the Fed
(DBN)

Mark Zuckerberg says Meta employees who work in person ‘get more done’ Meta, Amazon Among Firms Calling Workers Back to the Office in 2023
(DBN)

The 8-year-old daughter of a Vladimir Putin ally is listed as the owner of a multimillion-dollar apartment in one of London's most exclusive areas Russia is so cut off from the international financial system that the Kremlin thinks Western sanctions have 'insured' the country against the banking crisis
(DBN)

Romney grills Biden official about Social Security in tense exchange Politicians’ Social Security plans need to live up to their pledges
(DBN)

Gen Z Couples Are Shacking Up at Record Rates
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAHB: Builder Confidence Increased in March US Homebuilder Sentiment Unexpectedly Rises for a Third Month
(DBN)

Housing Market in ‘Tug of War’ as Prices Continue to Drop Across U.S.
(DBN)

Current State of the Housing Market: Overview for mid-March
(DBN)

Evictions have returned to — or exceeded — pre-pandemic levels
(DBN)

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Oil/Gas:

Germany Finds Allies to Oppose Gas Car Ban
(DBN)

____________

Climate:

San Francisco Region Set to Ban Gas Appliances — But Not Stoves
(DBN)

UK Makes £20 Billion Bet on Carbon Capture in Race Against US
(DBN)

Flooding, landslides as atmospheric river departs California Winter storms end SoCal's emergency water rules California Snowfall Inches from 50 Feet Mark
(DBN)

Arctic sea ice thins in 2 big jumps, and now more vulnerable
(DBN)

House lawmakers join senators in rallying around Colorado River
(DBN)

Here are the most and least disaster-prone states
(DBN)

'Endless, brutal heat': Argentina's late-season heatwave has 'no similarities in history'
(DBN)

Sweeping GOP energy bill would sweep away Biden’s climate agenda
(DBN)

____________

Fraud:

Steve Bannon Pal Guo Wengui Arrested in $1 Billion Fraud Conspiracy
(DBN)

____________

Environmental:

E.P.A. Tells Dozens of States to Clean Up Their Smokestacks
(DBN)

____________

Tech:

'They will learn nothing from this': Tech leaders remain staggeringly oblivious to the true lessons of Silicon Valley Bank
(DBN)

____________

Politics:

My Pillow Guy Admits He's Going Broke
(DBN)

Silicon Valley Bank, Signature Bank executives gave thousands to Democrats and Republicans
(DBN)

Ron DeSantis hit with an ethics complaint from Trump super PAC Trump prepares an extensive opposition file on ‘Ron DeSanctimonious’ Scott Walker grades Ron DeSantis as a potential GOP frontrunner
(DBN)

GOP lawmakers cringe over Trump’s effort to destroy DeSantis
(DBN)

Trump widens lead in 2024 primary race: Quinnipiac poll
(DBN)

How the Silicon Valley Bank Implosion Leads Back to Trump
(DBN)

Trump and GOP attempt to reverse course on mail-in voting ahead of 2024
(DBN)

Looming Trump charges threaten to inject chaos into 2024 campaign
(DBN)

GOP fears Mastriano redux as party zeroes in on McCormick in Pennsylvania
(DBN)

Joe Biden, Scandinavian
(DBN)

Biden seeks to make Freedom Caucus his foil — and the face of the GOP
(DBN)

Newly released survey sheds light on top issues for Black voters in 2022 midterms
(DBN)

National Audubon Society rejects calls to drop enslaver’s name
(DBN)

Federal and state investigators probe Santos' role in luxury yacht sale
(DBN)

George Santos lied to judge about working at Goldman Sachs in 2017 George Santos Had Role in A.T.M. Fraud Scheme, Former Roommate Says
(DBN)

How Big Business Fell Out of Love with the GOP
(DBN)

GOP leader ‘pausing’ social media after liking LGBTQ posts
(DBN)

Texas Republican lawmaker introduces drag queen 'bounty hunting' bill
(DBN)

____________

Student Debt:

Will the Supreme Court read the Heroes Act (authorizing Biden’s student loan relief) as written?
(DBN)

____________

Crypto:

The Implications of CeFi and DeFi in Bankruptcy: A Hot Take on Celsius
(DBN)

FTX transferred $2.2 billion to Bankman-Fried via related entities, new managers say FTX Debtors File Schedules and Statements of Financial Affairs with Bankruptcy Court Effective Altruist Leaders Were Repeatedly Warned About Sam Bankman-Fried Years Before FTX Collapsed
(DBN)

Binance-Voyager deal to proceed without holdings, NY judge rules
(DBN)

FDIC asked Signature buyers to stop all crypto business: Report
(DBN)

The crypto ‘contagion’ that helped bring down SVB
(DBN)

Crypto feared being walled off from traditional finance. The banking crisis is fueling those worries.
(DBN)

The crypto 'contagion' that helped bring down SVB
(DBN)

Europol seizes $46M from crypto mixer after $2.88B allegedly laundered
(DBN)

Crypto Winter Ends Era of Bitcoin Mining ‘HODLers’
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

Mediation:

The Problem of the Small Cheat
(DBN)

____________

Abstention:

Fifth Circuit Clarifies When Bankruptcy Courts Must Abstain from Complex State Law Issues in Chapter 15 Proceedings
(DBN)

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Notice:

Bankruptcy Court Approves Service of Subpoenas Via Email and Twitter
(DBN)

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Mass Torts:

A Second Chance for Johnson & Johnson in Court
(WSJ)

____________

Aviation:

SkyWest Airlines investigating fight between flight attendants after ESPN anchor's TikTok
(DBN)

Airline investigating after flight attendants allegedly fight over passenger’s request, refuse to work with each other
(DBN)

____________

Retailing:

Retail Sales Decreased 0.4% in February Consumer Spending Is Challenged by High Inflation as Retail Sales Fall
(DBN)

S&P Revises Outlook on J. Crew Parent to Negative
(DBN)

____________

Sports:

America’s Largest Owner of Local Sports Channels Files for Bankruptcy
(DBN)

The odds of a perfect March Madness bracket: 1 in 9.2 quintillion
(DBN)

____________

Education:

Texas announces takeover of Houston's public school district, one of the largest in the U.S. Texas announces takeover of Houston schools, stirring anger
(DBN)

'Slavery was wrong' among things teachers can't say anymore
(DBN)

Elon Musk, others respond after protesters smash windows, hurl eggs at Charlie Kirk event on college campus
(DBN)

New Florida bill would ban diversity, inclusion programs on university campuses
(DBN)

Wellesley College students vote to admit trans men and nonbinary applicants
(DBN)

The Librarians Are Not Okay
(DBN)

____________

Sports:

The largest broadcaster of local sports in US filed for bankruptcy, but still hopes broadcasts won't be disrupted
(DBN)

Sports Broadcasting May Be Radically Altered With Diamond Sports Group Bankruptcy
(DBN)

____________

Healthcare:

About 15M could fall off Medicaid rolls with end of COVID emergency: KFF survey
(DBN)

Nearly 1 in 3 patients don't see primary care doc
(DBN)

Feds Expected To Scrutinize COVID-Era Payments To Providers
(DBN)

Health care providers divulge patient information to Facebook, other third parties, lawsuits allege
(DBN)

Feds arrest family medicine doctor in Massachusetts for allegedly possessing vast amounts of child pornography and at least 2 videos of his own patients
(DBN)

____________

Water:

Supreme Court Case Could Reshape Indigenous Water Rights in the Southwest
(DBN)

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Sovereigns:

Lebanon central bank chief snubs European investigators
(DBN)

____________

UK:

Hunt Says UK to Avoid Recession, Halve Inflation This Year
(DBN)

UK House Prices to Fall 10% From Peak, OBR Says
(DBN)

Britain Is Issuing a Call to Work, With More Child Care an Incentive
(DBN)

More than £75bn wiped off FTSE 100 amid Credit Suisse crisis
(DBN)

____________

EU:

Bank fears spread to Europe, drag down shares of big lenders
(DBN)

____________

Ireland:

Irish Home Prices Fall in January for the First Drop Since 2020
(DBN)

____________

Russia:

Russia will attempt to recover debris from downed U.S. drone What We Know So Far About the Downed American Drone Russia demands US keep aircraft away from airspace after drone downed Five key takeaways from the Russian jet-US drone incident Sec. Austin speaks with Russian counterpart about downed US drone Why the Black Sea Is a Flashpoint Between Russia and the West US military releases video from Russian fighter jet crash with drone
(DBN)

U.S. to Keep Flying Drones, Undeterred by ‘Reckless’ Russian Jets, Austin Says
(WSJ)

Poland may hand MiG-29 jet fighters to Ukraine within weeks Senators from both parties press Austin on sending F-16s to Ukraine
(DBN)

Israel approves export licenses for anti-drone systems for Ukraine
(DBN)

U.K. Supreme Court Rules in Favor of Ukraine, Sends $3 Billion Russian Bond Default to Trial
(DBN)

Ukraine says it shot down a Russian supersonic bomber over the war's bloodiest battlefield: video
(DBN)

Ron DeSantis is using Ukraine aid to win over the GOP base Most Republicans said Ukraine war a critical threat to US interests before DeSantis’s comments: Gallup poll Former NATO Chief: Trump Could Sabotage the War
(DBN)

European Union nears deal to restock Ukraine's ammo supplies
(DBN)

____________

China:

U.S. tells TikTok owners to sell app or face a ban
(DBN)

60 percent of Americans think China is a bigger threat than Russia
(DBN)

____________

Australia:

Former Australian PM on submarine deal with US: ‘It must be the worst deal in all history’
(DBN)

____________

MENA:

Why Are US Troops Still in Iraq? Long shadow of US invasion of Iraq still looms over international order
(DBN)

Democrats now sympathize more with Palestinians than Israelis, poll finds
(DBN)

2.5 tons of uranium missing in Libya: UN watchdog
(DBN)

____________

India:

611 corporate insolvency cases resolved, resulting in ?2.44 lakh crore recovery for creditors: IBBI
(DBN)

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