March 3, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Another law school dinged on diversity standard regarding faculty and staff
(DBN)

SCOTUSblog founder gives up Supreme Court practice at 52, cites difficulty fighting for ‘the little guy’
(DBN)

Shearman and Hogan Lovells end merger talks • Hogan Lovells and Shearman & Sterling call off merger talks
(DBN)

'We are always alive to opportunities' - Reed Smith's first woman leader takes helm after predecessor's abrupt career change
(DBN)

Law School Rankings By Ultimate Bar Passage Rate (2020) • Law School Rankings By 2022 First-Time Bar Passage Rate
(DBN)

75% Through The Fall 2023 Law School Admissions Season: Applicants Are Down -3%, With Biggest Decline (-7%) In The 165-169 LSAT Band
(DBN)

U.S. News, Department Of Education, And Law Schools Take The Gloves Off In Rankings Battle
(DBN)

ABA Finds Baylor Out Of Compliance With Law School Accreditation Standard On Adjunct Faculty Diversity
(DBN)

Baker McKenzie Belgium Managing Partner leaves firm following racism probe
(DBN)

Kim Kardashian Dissents: The Reality Star HATES This Law School Subject
(DBN)

Taylor English partner screamed at opposing counsel, called her a ‘worthless human,’ sanctions motion claims
(DBN)

UK: Management of law firms ranked: from amazing to worrying
(DBN)

LawyerUp throws open the doors to law firms
(DBN)

Firm relaxed its notorious dress code because a partner looked ‘fantastic’ in leather trousers
(DBN)

Alex Murdaugh guilty in murders of wife and son • Jury quickly finds Murdaugh guilty of murdering wife, son • Alex Murdaugh was found guilty of murder. 3 deaths potentially linked to the Murdaugh family remain unsolved •Jury finds Alex Murdaugh guilty of murdering his wife and son: 9 key moments from the trial
(DBN)

Prosecution gives rebuttal in Murdaugh closing arguments after juror is removed from trial • Dismissed Alex Murdaugh juror needed to retrieve ‘12 eggs’ from courthouse • Even If Alex Murdaugh Beats This Murder Rap, He Faces 700+ Years In Jail For Financial Crimes • 'They started fabricating evidence': Defense lawyer accuses South Carolina cops of framing Alex Murdaugh • 'SLED failed miserably': In closings, Alex Murdaugh lawyer urges jurors not to buy sloppy investigation tainted by tunnel vision
(DBN)

Trump can be sued by police over Jan. 6, Justice Department says • Trump Fails to Get DOJ Backing on Immunity Over Jan. 6 Lawsuits
(DBN)

Billionaire Leon Black loses appeal of lawsuit that tried to turn tables on his rape accuser and her lawyers
(DBN)

Michigan Attorney General Nessel says she and other Jewish officials were targeted for murder
(DBN)

Links to white supremacist groups probed after Nazi flags found in raids on suspected California pipe bombers
(DBN)

Police seized masks and weapons from family home of suspect who fatally stabbed Idaho students
(DBN)

Confiscation of man’s ‘Cops Ahead’ signs violated First Amendment rights, appeals court says
(DBN)

The Amendment the Court Forgot in Twitter v. Taamneh
(DBN)

Fox News Defamation Case Tests Reach of Press Protections
(WSJ)

Defamation is hard to prove. Does Dominion have a case against Fox? • Legal experts say Fox News on shaky legal ground in Dominion lawsuit
(DBN)

Investigation into woman's long-unsolved shooting death ends with husband's suicide after detectives interview him 40 years later
(DBN)

Previously untested DNA from 'unprovable' rape case leads to arrest in 1979 California campground murder
(DBN)

'Long overdue apology': Man found factually innocent after spending nearly 4 decades in prison for rape and murder he didn't commit
(DBN)

Are Biden’s Immigration Policies Stuck in the Trump Era?
(DBN)

Cleveland rabbi sentenced to prison for soliciting underage sex
(DBN)

Tennessee Gov. Lee signs law banning all transgender treatment for children and public drag shows • As Tennessee, others target drag shows, many wonder: Why?
(DBN)

DOJ Pushes Companies to Punish Misconduct Through Compensation Cuts
(DBN)

The Chicago mayor’s race shows Democrats still have a crime problem
(DBN)

______________

Judges:

Supreme Court Clerk Hiring Watch: The Liberals Start To Move
(DBN)

Federal Judge Recognizes That Ted Frank Is A Vexatious Whiner
(DBN)

SCOTUS Predictions Based on Lower Court Judges
(DBN)

______________

Wall Street:

Stock futures climb on Friday as S&P 500 tries to snap 3-week losing streak
(DBN)

Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally
(DBN)

“Hell Is Coming”: How Bill Ackman Predicted the Covid Market Crash—and Made a Fortune
(DBN)

Goldman Tries to Dump Consumer Assets
(DBN)

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Layoffs:

Layoffs can cause contagion that pushes workers who are left behind to quit
(DBN)

How layoffs can have negative long-term consequences for companies
(DBN)

Citigroup Cuts Hundreds of Jobs, Including in Investment Banking and Mortgage Units
(DBN)

Swab maker Puritan furloughs 251 workers
(DBN)

Zscaler Discloses Layoffs For 3 Percent Of Employees, 177 jobs
(DBN)

Sonder to Lay Off 14 Percent of Corp. Workforce
(DBN)

Novo Nordisk laying off 86
(DBN)

______________

Autos:

Tesla says it will cut costs of next generation cars in half
(DBN)

Tesla's investor day showed it is 'one generation ahead' of rival automakers in EV race, former Ford CEO says
(DBN)

Tesla plans to offer a $30 monthly subscription for unlimited overnight home charging. It will launch in Texas because the windy nights help generate power.
(DBN)

Miss a Car Payment and Ford’s Patent Could Shut Off Your A/C
(DBN)

Sky-High Car Prices Have Only One Direction to Go From Here
(DBN)

____________

Pensions:

Senate overturns federal rule on ESG investments, Biden vows to veto
(DBN)

____________

Rail:

How the derailment in East Palestine changes the calculus on railroad regulation • Labor unions say East Palestine cleanup site workers are falling ill • Derailed Ohio Train Showed Damage to Devices That Vent Chemicals • The Ohio derailment is spurring Congress to actually do something about train safety • Angry Ohio residents confront railroad over health fears • EPA orders Norfolk Southern to test for dioxins in Ohio train derailment
(DBN)

____________

Student Debt:

This Lawyer's Advocacy May Have 'Snatched Victory From The Jaws Of Defeat' In The Student Loan Forgiveness Cases
(DBN)

Supreme Court Student Debt Cancellation Cases: 4 Expert Takeaways
(DBN)

Warren Accuses John Roberts Of Acting As ‘Super Legislator’ During Student Debt Oral Arguments
(DBN)

Caring About “Fairness” Is a Political Choice
(DBN)

Student Debtors Need the Supreme Court to Not Be Wildly Unprincipled for a Change
(DBN)

Biden’s student loan forgiveness plan spurs heated Supreme Court exchanges
(DBN)

AOC says there's still hope for Biden's student-loan forgiveness plan if the Supreme Court rules against it
(DBN)

As the Supreme Court considers canceling Biden's student-debt relief, here is how other rich countries handle student loans
(DBN)

How Many Would Student Loan Forgiveness Reach?
(DBN)

____________

Cannabis:

Cannabis Employee Not Entitled to Federal Bankruptcy
(DBN)

____________

Sports:

AT&T SportsNet, Another Regional Sports Network, Could Be Declaring Bankruptcy This Month
(DBN)

NCAA’s Losing Streak In Court Continues . . . For Now (Johnson v. NCAA)
(DBN)

____________

Economy:

A 'perfect storm' of recession, debt, and out-of-control inflation is coming for markets this year, 'Dr. Doom' Nouriel Roubini says
(DBN)

Millions at Retirement with No Savings
(DBN)

Weekly Initial Unemployment Claims decrease to 190,000
(DBN)

Biggest Concern for US CEOs: ‘Workforce, Workforce, Workforce’
(DBN)

Consumer Price Inflation, by Type of Good or Service (2000-2022)
(DBN)

Entire Treasury Market Yields at Least 4%, Now Including 30-Year
(DBN)

Fed’s Bostic Open to Seeking Higher Rate Peak If Data Stays Hot
(DBN)'

Fed Officials Warn They May Need to Lift Rates to a Higher Peak
(DBN)

More Interest-Rate Hikes Are Needed to Cool Inflation, Fed’s Collins Says
(DBN)

Why Inflation May Not Be Heading Back to 2%
(DBN)

Biden doubts McCarthy ready for real talk on budget
(DBN)

Salesforce CEO Marc Benioff sounds the alarm on recession - with shades of the dot-com crash and financial crisis
(DBN)

Millions of low-income families could soon face steeper broadband internet bills
(DBN)

Oklahoma Wants to Be the ‘Next Texas.’ Imagine That.
(DBN)

US Warns Companies Against Doing Business With Sanctions Evaders
(DBN)

Watercoolers Become RTO Yardstick as Remote-Work Debate Rages
(DBN)

Gender pay gap barely budged in past two decades
(DBN)

American workers aren’t returning to the office like their international counterparts—here’s why
(DBN)

Republicans Swore Biden Was Lying About Social Security Cuts. Now They’re Questioning the Retirement Age •Sen. Joe Manchin floats 'better program' for future Social Security, Medicare beneficiaries
(DBN)

Abramovich’s Billionaire Ally Takes on UK in Sanctions Challenge • Which Countries are Buying Russian Fossil Fuels?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

It Was Only a Matter of Time
(DBN)

US Home Prices Fall From Year Ago in First Since 2012, Redfin Says
(DBN)

Home prices will fall this year but then enter a growth period like the one that started in the late 1980s, Zillow survey shows
(DBN)

Mortgage rates jump back over 7% as inflation fears drive yields higher • US Mortgage Rates Jump to 6.65%, Rising for Fourth Week in a Row
(DBN)

Realtor.com Reports Weekly Active Inventory Up 67% YoY; New Listings Down 16% YoY
(DBN)

Year-over-year Rent Growth Continues to Decelerate
(DBN)

'Cat lady' facing eviction blows up home -- killing self and dozens of felines
(DBN)

Blackstone Defaults on €531 Million Nordic Property-Backed CMBS • These 1980s Suburban Offices Back Blackstone’s Securities in Default
(DBN)

The homeownership gap between Black and white households hits its widest rate in a decade
(DBN)

Columbus files motion to dismiss bankruptcy claim by Latitude Five25 owners
(DBN)

____________

Municipalities:

Gov. Gavin Newsom likes to bash Texas. Is California a better place to live?
(DBN)

____________

Oil/Gas:

Solving oil's Goldilocks problem
(DBN)

Shell CEO Says Cutting Oil and Gas Production Is Not Healthy
(DBN)

____________

Municipalities:

Forget the 'death of downtowns' — we're about to experience the Big City Renaissance • The "woke" investing rule expected to force Biden's first veto
(DBN)

____________

Healthcare:

Struggles of two California hospitals reflect industry's challenges
(DBN)

Bright Health staring down bankruptcy, needs to raise $300M, execs say
(DBN)

Bankrupt California clinic chain's acquisition approved
(DBN)

Walgreens Nixes Abortion Pills in Most Red States After Warning
(DBN)

The missing evidence in the COVID origins debate • New reports show backing for lab leak theory, but government agencies remain divided
(DBN)

More Than Half of the World Will Be Overweight or Obese by 2035 - Report
(DBN)

North Carolina on track for Medicaid expansion
(DBN)

____________

Climate:

California blanketed in snow as parts of the U.S. face threat of 'intense' tornadoes
(DBN)

California Drought Dips Below 50% Mark for First Time Since 2020
(DBN)

Tornadoes, power outages as storm crosses Texas, Louisiana
(DBN)

CO2 Emissions Hit Record High in 2022
(DBN)

Americans Already Moving Over Climate Crisis
(DBN)

____________

Retailing:

Pier 1, RadioShack Owner Seeks Funding for Possible Bankruptcy
(DBN)

Target, Macy’s and Best Buy see consumers cut back, search for discounts
(DBN)

Best Buy to close as many as 30 stores this year
(DBN)

What happened to Birchbox?
(DBN)

____________

Politics:

Scientific American: Difference Between Left and Right
(DBN)

House ethics panel opens investigation of Rep. George Santos on range of issues • George Santos, MAGA It Girl • George Santos' mysterious new treasurer is unknown to local politicians but lists his address as the apartment where Santos' sister used to live
(DBN)

Trump Demands Rupert Murdoch Fire Fox News Anchors — Who Correctly Reported the 2020 Election Was Fair
(DBN)

Trump's 5-part plan to attack DeSantis
(DBN)

Trump Fatigue Seeps Into Right-Wing Forum That Fed MAGA Fervor
(DBN)

Biden won’t veto Republican-backed bill blocking D.C. crime law changes
(DBN)

Florida bill would require bloggers who write about governor to register with the state
(DBN)

With his unremitting attacks on the constitutionally guaranteed personal rights of the governed, he is leading the way to dangerous territory
(DBN)

A third of Americans agree with Marjorie Taylor Greene's 'national divorce' call: 47% of Republicans back bid for red states to split, according to shocking poll
(DBN)

Chicago police chief, U.S. attorney resign after Mayor Lori Lightfoot loses reelection
(DBN)

AOC only paid for her Met Gala outfit and other possible 'impermissible gifts' after investigators asked about it, ethics agency finds
(DBN)

Paul Ryan didn't hesitate to blame Tucker Carlson when asked about the 'toxic sludge' and 'disinformation' on Fox News
(DBN)

____________

Golf:

Defunct oceanfront golf course in Trenton could become wildlife habitat
(DBN)

____________

Food/Beverage:

Restaurant Performance Index increased 0.9% in January
(DBN)

____________

Media:

Vice Media taps restructuring guru amid bankruptcy rumors: sources
(DBN)

____________
New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 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)

Bankruptcy Statistics:

February Bankruptcy Filings Register Double-Digit Increases Across Major Filing Categories Over Last Year
(DBN)

______________

Mass Torts:

The 3rd Circuit’s bankruptcy gift to the trial bar
(DBN)

New bankruptcy plan seeks millions more for Norwich priest abuse victims
(DBN)

____________

Claims Agents:

Bankruptcy Vendors Under Fire for Mishandling Private Info
(DBN)


____________

Aviation:

American Airlines Goes All-In on a $15 Billion Debt-Cutting Plan
(DBN)

7 hospitalized after turbulence strikes Texas flight bound for Germany • A Lufthansa passenger said the severe turbulence that forced the flight to make an emergency landing had people screaming and sent food flying everywhere •
(DBN)

Lufthansa Joins Peers in Predicting Travel Recovery This Year
(DBN)

____________

Tech:

9 questions about the threats to ban TikTok, answered
(DBN)

____________

Crypto:

FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers • FTX has a massive $9.5 billion shortfall in top crypto and cash needed to repay customers, the bankrupt exchange's new bosses say
(DBN)

Bankruptcy Lawyers Uncover $2.2 Billion Worth of Crypto Assets in FTX-Linked Wallets
(DBN)

Why must big City firms always fall for scams like FTX?
(DBN)

Voyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US Deal
(DBN)

SEC Chair Gensler Says Crypto Exchanges May Not Be 'Qualified Custodians'
(DBN)

Binance a 'Hotbed of Illegal Financial Activity,' U.S. Senators Claim • Senators probe into cryptocurrency exchange Binance on business practices
(DBN)

SEC objections to Voyager-Binance deal criticized by U.S. judge • Voyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US Deal
(DBN)

Congressional Republicans aren’t happy with an SEC effort to rein in crypto platforms
(DBN)

US lawmakers argue SEC accounting policy places crypto customers at risk
(DBN)

Celsius-based customers permitted withdrawals after 263 days of halting
(DBN)

Crypto Bank Silvergate Stock Tumbles 45% After 'Going Concern' Filing • Crypto Bank Silvergate Downgraded by JPMorgan, Canaccord Amid Doubts of Firm’s Solvency • Coinbase, Galaxy, Paxos Stop Accepting Transfers Via Silvergate • Bitcoin, Ethereum Plunge as Market Mulls Silvergate Fears • Here’s the real challenge facing Silvergate and other ‘crypto banks,’ says this short seller • Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty • Was Silvergate on Borrowed Time as Regulators Backed Banks Away From Crypto?
(DBN)

Host of Crypto Firms, Including Coinbase, Paxos and Galaxy, Jump Ship From Silvergate Bank
(DBN)

Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter
(DBN)

____________

Education:

Emotional meeting ends with DeSantis' New College of Florida board abolishing diversity office
(DBN)

Librarians: Culture Wars at Our Doorsteps
(DBN)

____________

Hotels:

Occupancy Rate Down 1.5% Compared to Same Week in 2019
(DBN)

____________

Fraud:

February 2023 Ponzi Scheme Roundup
(DBN)

Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay $206 million fine
(DBN)

____________

Sovereigns:

Markets Brace for Pakistan Default Risk as $7 Billion Debt Looms
(DBN)

____________

UK:

An unsecured “credit bid” – a first in the UK restructuring market
(DBN)

UK Workforce Crisis to Get Worse Due to Changing Demographics, ONS Warns
(DBN)

Bird flu: UK could mass vaccinate chickens to prevent avian influenza spreading between humans
(DBN)

‘Bregret’? Many Brits are suffering from Brexit regret
(DBN)

UK’s Hunt Poised to Extend Energy Bill Price Guarantee at £2,500
(DBN)

____________

EU:

Will 2023 Bankrupt Europe’s Businesses?
(DBN)

ECB’s Wunsch Sees 4% Rates Possible If Inflation Stays Strong
(DBN)

ECB’s Muller Says Rates May Need to Stay High ‘Quite Some Time’
(DBN)

Morgan Stanley Sees ECB Rates Peaking at 4% on Core Inflation
(DBN)

____________

Canada:

The benefits of Canada’s CCAA
(DBN)

Canadians Fume as Migrants Surge at Their Border • Rush of Asylum Seekers Has Quebec Premier Urging Biden to Act
(DBN)

Nordstrom to close all its Canadian stores, lay off 2,500 workers
(DBN)

Bed Bath & Beyond gift cards to expire weeks before company closes its Canadian stores
(DBN)

____________

Russia:

At least 20 torture centers in Kherson were directly financed by the Kremlin
(DBN)

Vladimir Putin plans 'mass suicidal attacks' on Ukrainians
(DBN)

Russian death toll in Ukraine passes 150,000 as Putin’s canon fodder mown down in suicidal infantry waves & tank carnage
(DBN)

US to send more ammo, folding armored bridges to Ukraine
(DBN)

____________

China:

U.S. seeks fresh ways to crack down on Chinese tech industry
(DBN)

China has banned women from modeling lingerie on online shopping livestreams — so men are doing it instead
(DBN)

China Warns ‘Hedonistic’ Bankers to Toe the Communist Party Line
(DBN)

China’s Fragile Property Market Underscored by Hesitant Buyers
(DBN)

____________

Brazil:

Brazil's Americanas execs omitted info to audit committee, local media reports
(DBN)

____________

MENA:

Major fears are sweeping into Israel’s economy
(DBN)

____________

Sweden:

Sweden’s Housing Slump Enters Second Year With No End Seen
(DBN)

____________

Japan:

Anger Erupts in Japan Over Plan to Clear Student Debt for Having Babies
(DBN)

____________


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