March 8, 2023

The Daily Bankruptcy News

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Law:

U.S. News Lashes Out At Law Schools That Don't Want To Play Their Silly Little Rankings Game Anymore
(DBN)

This Biglaw Merger Shows How It's Done
(DBN)

Shearman & Sterling Names New Leader After Halted Merger Talks
(DBN)

Law firm accused of 856 insurer misrepresentations is suspended from practice in federal district court
(DBN)

Lawyer trying to collect cash for defrauded investors hospitalized after beating; brother of target charged
(DBN)

Prominent Attorney, Dana Hyde, Identified As Victim Of 'Severe Turbulence'
(DBN)

Proofreading Failure Subjects Lawyer To Embarrassing TV Appearance
(DBN)

AZ Election Lawyer Sanctioned After Bragging In Court That He Was Too Old To Care About Sanctions
(DBN)

'Bulls---': GOP senators rebuke Tucker Carlson for downplaying Jan. 6 as 'mostly peaceful' • Tucker Carlson’s Jan. 6 footage sparks bipartisan outrage • Capitol Police says it reviewed just one Jan. 6 clip Tucker Carlson showed • Republicans Break With Kevin McCarthy, Tucker Carlson Over Jan. 6 Footage • Capitol Police chief says Tucker Carlson's Jan. 6 broadcast "filled with offensive and misleading conclusions" • Tucker Carlson ripped by Capitol Police, GOP senators for mischaracterizing Jan. 6 • Dead Capitol Police Officer’s Family Slams ‘Sleazy’ Fox News Over Jan. 6 Footage • Dead Capitol Police Officer’s Family Slams ‘Sleazy’ Fox News Over Jan. 6 Footage • McConnell says Fox News made ‘a mistake’ by underplaying violence of Jan. 6 • Stolen elections live on at Fox News, via Tucker Carlson • What Tucker Carlson Says About Trump in Private • ‘F—ing b—-‘: Tucker Carlson unloads on Sidney Powell in jaw-dropping unsealed exhibits • Read the Private Fox News Emails and Texts
(DBN)

Fox News Internal Texts And Emails Show Network’s Scramble In Aftermath Of 2020 Election And January 6th: “Maybe Sean And Laura Went Too Far,” Rupert Murdoch Wrote
(DBN)

Fox Previews Dominion Defamation Defense: Maria Bartiromo Is Just Really, Really Gullible • 'I'm not sure what to think': Fox uses Maria Bartiromo's persistent doubts about election as defense in Dominion lawsuit
(DBN)

George Santos' Lawyer Promoted Election Conspiracies, Vowed to Face 'Traitors' at Capitol on Jan. 6
(DBN)

2 Capitol riot defendants accused of violently attacking Capitol Police officers tampered with their ankle monitors and are now on the run, FBI says
(DBN)

Hope Hicks meets with NY prosecutors investigating The Don
(DBN)

Fox News Cites Newly Discovered Maria Bartiromo Emails In Defense Of Dominion Lawsuit; Judge Indicates Jurors Won’t Be Selected Based On Who They Voted For In 2020
(DBN)

Family sues Airbnb after 19-month-old dies of fentanyl toxicity during stay in Florida rental
(DBN)

More than a dozen Memphis fire and police personnel charged in beating of Tyre Nichols
(DBN)

Eric Adams plans to resettle asylum-seekers across U.S.
(DBN)

Republican states say FDA lacks authority to override state abortion pill bans
(DBN)

Newsom says California will no longer do business with Walgreens
(DBN)

‘I Begged My Doctors’: Five Women Were Denied Abortions. Now, They’re Suing. • Texas Sued Over Abortion Ban by Women With Risky Pregnancies
(DBN)

Florida Republicans seek ban on abortions after 6 weeks of pregnancy
(DBN)

White House won’t weigh in on ‘rumors’ of reinstating migrant family detention • Democrats ‘Disappointed’ With Biden’s Newest Border Policy • Dems 'deeply concerned' Biden might bring back 'kids in cages' • Progressives appalled Biden could return to holding migrant families in detention
(DBN)

US judge strikes down Missouri gun law as unconstitutional
(DBN)

As It Turns Out, You Can't Just Nope Out Of Listening To The Federal Government's Laws On Guns

New York mayor says retailers must force shoppers to remove masks when entering stores to prevent crime. 'It's not about being fearful of a pandemic.'
(DBN)

'Instead of getting him help, they bought him a gun': Prosecutors urge appeals court judges to let charges stand against parents of Michigan school shooter Ethan Crumbley
(DBN)

Wife finds missing husband's mummified body in their Christmas closet 8 months after his suicide
(DBN)

1978 murder victim identified as missing woman whose husband did not report she disappeared: Authorities
(DBN)

Alleged ice cream man killer's ex-girlfriend says he bought a new 'handgun' at supermarket after being attacked and was looking for the culprits
(DBN)

Smoke bomb suspect screams 'white lives matter' in attack at church concert for social justice: Police
(DBN)

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Judges:

Gorsuch, Thomas question 'offended observer' standing in rejected police prayer-vigil case
(DBN)

Judges Are Losing Sleep Over Security Concerns
(DBN)

Biden Appoints T14 Law School Dean To Prestigious Supreme Court Committee
(DBN)

420 Cases, One Guardian: System Runs Amok on Just $35 a Month
(DBN)

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Wall Street:

 

Dow drops 574 points as Fed chief Powell opens the door to steeper rate hikes
(DBN)

The speculative rally in tech and meme stocks is out of control again and some could plummet 20%, Morgan Stanley's chief equities strategist says
(DBN)

______________

Layoffs:

Elon Musk targets laid-off Twitter employee by claiming he used his disability as an excuse • Musk Discloses Former Employee’s Disability in Twitter Exchange
(DBN)

A laid-off Twitter employee reportedly lost her health insurance a week before her child was born
(DBN)

A senior Twitter employee says he spent 9 days trying to figure out whether or not he'd been laid off
(DBN)

Elizabeth Warren asks Fed Chair Powell to 'speak directly' to the people he's 'planning to get fired over the next year' by continuing to hike interest rates
(DBN)

_____________


Economy:

Jerome Powell says Fed will likely speed up interest rate hikes if the economy keeps roaring • A recession indicator just flashed its loudest warning ever as Fed Chief Powell signals higher rates • Powell Sees Higher Peak for Interest Rates, Says Fed Prepared to Speed Up If Needed • Economists See Larger March Rate Hike After Powell’s Remarks • Wall Street Fears Big Fed Rate Hike After Powell ‘Came Out Swinging’
(DBN)

How the Fed's Powell answered three big questions about jobs
(DBN)

Fed’s Powell Says US Debt Default Could Do ‘Long-Standing Harm’
(DBN)

Biden Under Mounting Senate Pressure to Name a Latino to Fed
(DBN)

Salesforce CEO Marc Benioff is bracing for a brutal recession - and says he was blindsided by the market chaos last year
(DBN)

Citadel’s Griffin Sees Setup for US Recession After ‘Traumatic’ Inflation
(DBN)

Deepest Bond Yield Inversion Since Volcker Suggests Hard Landing
(DBN)

Goldman's Solomon Is More Confident the Fed Can Avoid a Deep Recession
(DBN)

Used vehicle prices rising at an unseasonably strong rate • Wholesale Used Car Prices Increased in February, Down 7.0% Year-over-year
(DBN)

Intelligence Suggests Pro-Ukrainian Group Sabotaged Pipelines, U.S. Officials Say
(DBN)

As Customer Problems Hit a Record High, More People Seek ‘Revenge’
(WSJ)

If you want to balance the budget without raising taxes or cutting defense, Social Security, and Medicare, you'd probably have to fire nearly every park ranger and cut 70% of anti-poverty spending
(DBN)

Minting a $1 trillion coin may be legal but is an 'unworkable' option to avoid a catastrophic US debt default, Moody's Analytics chief economist says
(DBN)

It Turns Out Money Does Buy Happiness, At Least Up to $500,000
(DBN)

Two Out of Three Banks Offer Workers Some Flexibility Despite RTO Push
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Leading Index for Commercial Real Estate Increases in February
(DBN)

CoreLogic: House Prices up 5.5% YoY in January; Declined 0.2% MoM in January NSA
(DBN)

New Jersey borough sues American Dream Mall for PILOT payments
(DBN)

____________

Oil/Gas:

Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates
(DBN)

____________

Fraud:

Influencer pleads guilty in plot to use stolen IDs to get $1 million in pandemic relief and live large
(DBN)

____________

Mass Torts:

Revlon Faces Hair Relaxer Cancer Claims as Bankruptcy Nears End
(DBN)

____________

Politics:

Kari Lake among 4 women Trump considering for VP
(DBN)

Trump, Vowing ‘Retribution,’ Foretells a Second Term of Spite
(DBN)

All the Republicans running for president in 2024, explained
(DBN)

Michelle Obama Bluntly Fact-Checks One Of Trump's Most Infamous Lies
(DBN)

Texas lawmaker files ‘TEXIT’ bill to spur vote on exploring secession from US
(DBN)

New York Republicans go to all-out war against Santos
(DBN)

A Bipartisan Group Is Fighting Voter Fraud. These Republican States Want Out
(DBN)

____________

Food/Beverage:

The US Can’t Figure Out How to Prevent Baby Formula Shortages
(DBN)

____________

Corporate Reform:

Obama-era consumer protections could be overruled by SCOTUS. Here’s what’s at stake.
(DBN)

____________

Tech:

Twitter's latest outage was reportedly caused by a single engineer's mistake. One employee says the platform is so brittle, 'everything breaks' if engineers change something •A Twitter employee says staff have grown 'numb' to outages because they've become 'so frequent'
(DBN)

Musk Says Twitter May Be Cash Flow Break-Even in Second Quarter
(DBN)

Attention Desperate Billionaire Tweets Evidence For A Likely Future Wrongful Termination Lawsuit To Own The Libs
(DBN)

Elon Musk Targeted by FTC for Deposition in Twitter Privacy Probe
(DBN)

____________

 
New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 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)

Aviation:

Video shows United passenger threaten to 'kill every man on this plane,' attack crew
(DBN)

Brawl Breaks Out on Southwest Flight in Dallas
(DBN)

Justice Department sues to block JetBlue’s acquisition of Spirit Airlines
(DBN)

____________

Climate:

Yet another atmospheric river to flood California later this week
(DBN)

Following California, Washington Launches Cap and Trade Market
(DBN)

____________

Healthcare:

Trustee for Texas senior living bonds to fight bankruptcy exit plan
(DBN)

____________

Rail:

Norfolk Southern Culture Probed by NTSB After String of Incidents • Norfolk Southern Disregarded Safety Rules in Ohio, Union Warned US in 2022 • Fatal Norfolk Southern Accident in Cleveland Under Investigation
(DBN)

____________

Crypto:

Powell Boosts Warning on Crypto Industry and Its ‘Turmoil’
(DBN)

FTX's lawyers and advisers cost $38 million for a month of work - and the bankrupt crypto exchange's new CEO charged $305,000 for February • Sam Bankman-Fried is now restricted to a flip phone with 'no internet,' but can still watch Netflix on a laptop
(DBN)

Missing $96,000 is your problem, Coinbase allegedly told account holder who had life savings cleaned out
(DBN)

Grayscale-SEC Fight Could Clear the Way for Anybody to Speculate on Bitcoin
(DBN)

SEC snubbed as Voyager wins court approval for sale to Binance US • SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge
(DBN)

Silvergate Is in Talks With FDIC Officials on Ways to Salvage Bank
(DBN)

____________

Autos:

The days of sky-high trade-in values are over. Here's how to tell what your car is worth.
(DBN)

 

____________

Sovereigns:

China Backs Sri Lanka Debt Plan, Sources Say, Paving Way for IMF Loan • Sri Lankan President welcomes financial assurances from creditors, highlights importance of IMF agreement
(DBN)

____________

UK:

U.K. Plans to Expel Asylum Seekers Arriving on Small Boats • UK Unveils Plan to Detain and Deport Migrants Crossing Channel
(DBN)

____________

Ireland:

Irish Property Market Shows New Stress When Fund Blocks Withdrawals
(DBN)

____________

France:

Demonstrators set to paralyze France in massive pension reform protests • Unions Try to Bring France to a ‘Standstill’ Over Macron’s Retirement Plan • Violence erupts in Paris as protesters clash with riot cops over Macron's hated pension reforms • French strikes against pension reform to continue as unions intensify fight
(DBN)

____________

Mexico:

2 Americans dead, 2 rescued after violent Mexico kidnapping • Mexican city where Americans were kidnapped has violent cult history • ‘Shocked’ Family Says American Kidnapped in Mexico Had Visited Border Town Before • Deaths of US citizens puts pressure on Biden over handling of Mexican cartels
(DBN)

Graham says he will introduce bill to ‘set the stage’ for US to use military force in Mexico
(DBN)

____________

Russia:

Zelensky vows Ukraine will continue to defend Bakhmut: ‘This is tactical for us’
(DBN)

The US Is Now Testing Ukrainian Pilots on F-16s
(DBN)

U.S. military eyes mounting Western air-to-air missiles on Ukrainian MiGs
(DBN)

Cost of Bakhmut ‘meat grinder’ battle on Russian army revealed • Ukraine clings to Bakhmut
(DBN)

Conditions at the Zaporizhzhia nuclear plant have deteriorated, Ukraine says.
(DBN)

____________

Brazil:

Americanas proposes $1.9 billion for creditors from top shareholders
(DBN)

____________

China:

Billionaire Investor: I Can't Get My Money Out of China
(DBN)

US Firm Sold Electronics to China Company Linked to Balloons
(DBN)

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