March 9, 2023

The Daily Bankruptcy News

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Law:

Wilson Sonsini Adds Erin Fay to Restructuring Practice in Delaware
(DBN)

Tweets saying demonstrators should be shot and MSNBC anchor’s home should be burned lead to ethics charges Attorney Faces Disciplinary Charges For Encouraging Violence Against BLM Protestors
(DBN)

Attorney Sued For 'Quiet Quitting' Her Law Firm Job Now Seeks Sanctions
(DBN)

Lawyer convicted for stealing over $26M gives up law license; money was spent on gambling, jets, 'social companions'
(DBN)

Teen, 15, who got 174 on LSAT looks forward to law school
(DBN)

Finance-related notice for Kentucky law school posted by ABA Legal Ed Section
(DBN)

Southern Poverty Law Center attorney charged with domestic terrorism was legal observer at demonstration
(DBN)

Using data, law prof finds many disciplined lawyers represent consumers—with no oversight
(DBN)

Fox News executives discussed a plan to denounce the 'Trump myth' a day before the Jan. 6 riot
(DBN)

5 surprising passages from Rupert Murdoch's deposition you probably didn't hear about
(DBN)

Trump 2020 lawyer admits misrepresenting stolen election claims
(DBN)

White House blasts Tucker Carlson as ‘not credible’ after airing Jan. 6 footage White House goes after Tucker Carlson by name over Jan. 6 coverage The Tucker Carlson Schtick Melts Away House GOP faces a new Jan. 6 headache, courtesy of Tucker Carlson DOJ takes on the Jan. 6 Tucker Carlson tapes Latest Dominion Doc Dump Shows Big Mens Rea Energy At Fox
(DBN)

Dem Intel chair: Biden admin position on classified docs fails ‘the smell test’
(DBN)

MTG prepares to lead House GOP visit with Jan. 6 detainees
(DBN)

Liz Cheney on potential House GOP-led Jan. 6 probes: ‘Bring it on’ Republicans To Probe House Select Committee That Investigated Jan. 6 Capitol Riot
(DBN)

Stop Blaming Merrick Garland For Donald Trump Still Being A Free Man
(DBN)

As possibility of a Trump indictment grows, Kellyanne Conway jokes with Manhattan DA staff before 2-hour visit
(DBN)

Right-wing hoaxers' robocalls targeting Black voters violated Voting Rights Act and KKK Act, federal judge rules
(DBN)

Ron DeSantis’s plan to strip First Amendment rights from the press, explained
(DBN)

Suit filed on behalf of women denied abortions in Texas despite dangerous health complications
(DBN)

Kentucky detectives crack murder and rape of teen in 1976
(DBN)

DOJ to investigate Memphis Police Department after Tyre Nichols' death

A Louisville police officer admitted to his superiors that he ‘beat the shit’ out of a drunk woman. He was never punished, the Department of Justice found A Louisville police sergeant ignored that a cop knelt on a man's neck for nearly 2 minutes — but did note that an officer broke one of their fingernails, DOJ alleges Louisville police repeatedly violated civil rights, DOJ review finds Louisville Cop Turned His K-9 Loose on a 14 Year Old Kid
(DBN)

Alex Murdaugh pictured smirking in creepy new mugshot Alex Murdaugh's attorney complains about online comments he received wishing he die of 'rectal cancer'
(DBN)

Idaho murder suspect Bryan Kohberger was wearing latex gloves, separating his trash into baggies when police raided parents' home: Prosecutor
(DBN)

Spanish woman granted $215,000 payout for 25 years of unpaid housework in record divorce settlement
(DBN)

Chase Sues Former Exec Over Epstein Ties
(DBN)

Republican comes forward as accuser in Schlapp sex claim
(DBN)

Woman accused of stabbing ex-boyfriend in his sleep 19 times with scissors and claiming it was a 'dream' now pleads insanity
(DBN)

Federal judge, siding with Florida, blasts Biden administration on immigration
(DBN)

Democracy's Global Decline Hits Turning Point
(DBN)

6 Year Old Shooter is Back Out on the Street
(DBN)

______________

Judges:

Supreme Court decision on Biden’s student loan plan may hinge on Justice Barrett
(DBN)

In ‘Her Honor,’ trailblazing women judges take center stage
(DBN)

Susman Godfrey Partner's Sterling Resume, High Billable Hours Inspire Jokes At Judiciary Committee Hearing
(DBN)

Can You Tell Me How To Get, How To Get To Ketanji Brown Jackson Street?
(DBN)

Federal Judge Didn't Know Handcuffing Crying Children Was Frowned Upon
(DBN)

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Wall Street:

Stock futures fall as traders assess chances of of higher rate hikes
(DBN)

A New Bankrupt Meme Stonk? Part II
(DBN)

The market response to Powell's testimony was anything but muted
(DBN)

The S&P 500 could fall 20% by midyear as Powell's hawkish testimony sets the stage for higher rates than markets were expecting, JPMorgan says
(DBN)

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Layoffs:

'Make Lists' of People to Let Go, Meta Tells Directors Ahead of Another Mass Layoff — Here's When It Will Happen
(DBN)

Artificial intelligence will destroy ‘laptop class’ workers
(DBN)

FreedomWorks lays off 40 percent of staff
(DBN)

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Corporate Governance:

Share of Black appointees to Fortune 500 boards declined last year
(DBN)

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Tech:

Elon Musk apologizes after mocking Twitter worker with disability If The Wrongful Termination Lawsuit Doesn't Get Elon Musk, The Dip In Stock Will Elon Musk opens Twitter up to liability in public war with fired disabled employee
(DBN)

Google and Meta over-hired thousands of employees who do ‘fake work,’ says PayPal Mafia’s Keith Rabois
(DBN)

____________

Autos:

U.S. investigating Tesla after steering wheels detach from two Model Y cars
(DBN)

Carmakers Can Kiss Pre-Pandemic Combustion Car Sales Goodbye
(DBN)

____________

Rail:

Democratic senators urge EPA, USDA to provide more testing for East Palestine farmers Norfolk Southern's accident rate spiked over the last decade Norfolk Southern CEO to apologize to Senate for East Palestine wreck
(DBN)

____________

Education:

Almost 60 school districts in Texas have now made the switch to four-day weeks
(DBN)

____________

Healthcare:

How major retailers are trying to change how America consumes health care
(DBN)

People say new research proves masks don’t work. That’s bogus. The debate over masks shows our failure to learn from Covid
(DBN)

California to halt $54M Walgreens contract over company's policy on abortion drug sales
(DBN)

____________


Economy:

Fed chair Powell primes markets for another half-point rate hike
(DBN)

Two testy Senate exchanges show the Fed's dilemma
(DBN)

BLS: Job Openings Decreased to 10.8 million in January
(DBN)

ADP: Private Employment Increased 242,000 in February
(DBN)

BlackRock sees 'reasonable chance' of Fed raising rates to 6%
(DBN)

Moody's economist warns debt ceiling deal will be 'heavy lift' Fitch Warns on Playing Fire with US Credit Rating
(DBN)

Recession risks: Major economic indicator, Ken Griffin say downturn is ‘unfolding’
(DBN)

Biden set to unveil more than $2 trillion in tax hikes in budget
(DBN)

Washington teeters on the brink of a Cold War over Social Security Nikki Haley calls for changing retirement age
(DBN)

Republicans take aim at Medicaid as budget talks heat up
(DBN)

Biden to urge 25% billionaire tax, levies on rich investors & corporations
(DBN)

U.S. job openings dipped in January Job openings declined in January but still far outnumber available workers
(DBN)

3 in 4 women say they’re unprepared for a recession in the coming year
(DBN)

Millennials in their 30s have racked up a historic $3.8 trillion in debt
(DBN)

My Gen Z kids have moved back in with me and pay rent. I wasn't expecting to be a parent landlord, but there are perks I never imagined.
(DBN)

This bill could make the four-day workweek a reality
(DBN)

Who blew up Nord Stream? The EU is buying up Russian liquefied natural gas at the highest level in 3 years, think tank says Western sanctions have weakened the dollar's dominance as India buys Russian oil with other currencies
(DBN)

3 people who thought they could work remotely for good bought homes hours from their offices. Now they're being called back and facing the decision to quit or sell.
(DBN)

Arkansas Gov. Sarah Huckabee Sanders signs law loosening child labor protections
(DBN)

Trade Deficit increased to $68.3 Billion in January
(DBN)

A Few Rich Firms Are Fueling Record US Buybacks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing market sentiment is nearing all-time lows as Americans fret over mortgage rates and employment outlook
(DBN)

MBA: Mortgage Purchase Applications Increased in Weekly Survey
(DBN)

Homeowners Lose Millions to Investors
(DBN)

Inside one woman's fight to stave off homelessness as eviction cases flood courts
(DBN)

Fed's Beige Book: "Leasing rates for multifamily were starting to decrease"
(DBN)

Homeowners left seeking alternative insurance policies after UPC files for bankruptcy
(DBN)

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Oil/Gas:

EU Wants to Wind Down Fossil Fuel Subsidies
(DBN)

Oil CEO: We Must Decarbonize More Quickly
(DBN)

A plan for the Gulf States to power a low-emissions revolution
(DBN)

Honda to Spend $40 Billion in EV Catch-Up
(DBN)

GM to Build New Battery Factory with Samsung
(DBN)

____________

Student Debt:

Activists prepare next steps for if Biden’s student loan forgiveness prevails
(DBN)

How A Student Loan Servicer Might Be Able To Save Student Loan Forgiveness
(DBN)

____________

Retailing:

Bed Bath & Beyond raises $135 million more to aid turnaround effort
(DBN)

Toys "R" Us owner now valued at $1.6 billion
(DBN)

____________

Food/Beverage:

Burger King franchisee Meridian files Chap. 11 bankruptcy Massive 118-store Burger King franchise files for bankruptcy after ‘drowning in $14million of debt’
(DBN)

Three Years After Covid, Restaurants Still Desperate for Workers
(DBN)

____________

Politics:

Biden is back in hot water with Dem lawmakers
(DBN)

House plots bipartisan deal on Trump and Biden family finances
(DBN)

DeSantis' Policies Would Re-write History at 'Dangerous Level': Ken Burns
(DBN)

Rupert Murdoch said he believed Trump was going 'increasingly mad' after he refused to concede defeat in the 2020 election
(DBN)

Russia tried to influence 2022 elections and will do it again, intel agency says
(DBN)

The desperate pandering of Tucker Carlson
(DBN)

When Trump Passes the MAGA Hat, His Aides Clutch Their Wallets
(DBN)

Manchin will vote against Biden’s pick to head IRS
(DBN)

Poll: Most View 'Woke' as a Positive Term
(DBN)

'This just looks bad': Lauren Boebert roasted over becoming a '36-year-old grandmother'
(DBN)

____________

Fraud:

Elderly man used fake Michael Jordan sports trading cards in scheme to steal over $800K: Feds
(DBN)

Ex-Land Bank Authority manager pleads guilty to fraud, faces up to 3 1/2 years in federal prison
(DBN)

____________

Banking:

What to Expect When You’re Expecting (Your Bank to Fail)
(DBN)

Credit Suisse delays annual report after last-minute call from SEC
(DBN)

____________

Celebs:

Disgraced tennis ace Boris Becker is slammed by creditors after making TV advert where he throws cash out of a window
(DBN)

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Climate:

Argentina’s Worst Drought in Memory Lands New Blow to Economy
(DBN)

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Water:

Water Bankruptcy Through the Bankruptcy Code
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 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)

Mass Torts:

Asbestos Bankruptcies Facing Fresh Challenges After J&J Ruling
(DBN)

Alex Jones is trying to swing a bankruptcy plan where he still gets paid $520,000 a year
(DBN)

LTL Management and the Third Circuit: Financial Distress Required for Good Faith Filings
(DBN)

____________

Contempt:

Contempt Power and the United States Courts
(DBN)

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Discharge:

Denying Corporate Debtors A Discharge Under § 523(a)’s “Individual Debtor” Exceptions? (Avion Funding v. GFS)
(DBN)

____________

Mediation:

Mediation to Accelerate Resolution and Reduce Cost in Bankruptcy
(DBN)

____________

Automatic Stay:

When Caught Violating The Stay, Forgiveness For Creditors Is Not Automatic
(DBN)

____________

D&O:

Recent Policyholder Win Highlights Exception to the Insured v. Insured Exclusion in D&O Policies
(DBN)

____________

Aviation:

Flight attendants say it's okay to recline your seat on a plane, but there's one thing you should never do
(DBN)

The Biglaw Firm Taking Up The Cause Of The Jet Blue/Spirit Airlines Merger
(DBN)

____________

Crypto:

Roundup: Celsius Network LLC
(DBN)

Bankman-Fried's bid to shift blame complicated by new charges Bankman-Fried's trial may need delay, say lawyers FTX Reaches $45M Deal to Sell Interest in Sequoia to Abu Dhabi's Investment Arm
(DBN)

Binance continues to get more popular with Sam Bankman-Fried's FTX out of the picture, despite increased regulatory scrutiny
(DBN)

Crypto bank Silvergate says it'll shut down as the market meltdown claims its 1st mainstream casualty Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown
(DBN)

Crypto Options Market Flashes Bitcoin Warning as Silvergate Winds Down Operations
(DBN)

Bankrupt Mt. Gox’s Largest Creditor Plans to Keep Returned Bitcoin MtGox Creditors to Wait Longer as Repayment Deadline Gets Postponed
(DBN)

Crypto Lender Celsius Should Continue Exclusive Right to Pursue Novawulf Deal, Judge Says Celsius Network remains open to other bids after NovaWulf offer
(DBN)

Embattled Crypto Lender Celsius Allocates $25M for Withdrawals, Burns $500M in WBTC
(DBN)

____________

Finance:

Appeals court could upend the leveraged loans market
(DBN)

____________

Utilities:

Attacks on power grid raise alarm among top officials
(DBN)

____________

Education:

Universities are turning into real-estate hedge funds — and students are paying the price
(DBN)

____________

Sovereigns:

IMF Sri Lanka Bailout to Help Revive $1.6 Billion Japan Projects China paves Sri Lanka's way to IMF funds, but debt talks remain uncertain
(DBN)

____________

UK:

U.K. plan to cut asylum applications draws U.N. rebuke as critics call it "morally repugnant"
(DBN)

EU Suppliers Wary of Doing Business in UK
(DBN)

____________

EU:

Europe's Next Natural Gas Crisis
(DBN)

____________

China:

China Evergrande Races Court Deadline On Debt Restructuring Terms -sources
(DBN)

China Cities Struggle with Trillions in Debt
(DBN)

China could use TikTok to control users' devices, FBI director says
(DBN)

Embattled Billionaire Hui Ka Yan Can’t Reach A Deal With Evergrande’s International Creditors
(DBN)

____________

Russia:

Russia will have to rely on nukes, cyberattacks, and China since its military is being thrashed in Ukraine, US intel director says
(DBN)

NATO chief warns Bakhmut may fall 'in coming days'
(DBN)

Russia Launches Airstrikes Across Ukraine
(DBN)

Russia’s Wagner Heralds Advance in Bakhmut as Battle Grinds On in Eastern Ukraine
(WSJ)

McCarthy Spurns Zelensky Invitation to Visit Ukraine
(DBN)

Pentagon Blocks Sharing Evidence of Possible Russian War Crimes With Hague Court
(DBN)

‘The heart of the war’: Inside the secret talks with Putin’s generals that ended the siege of Mariupol
(DBN)


____________

Brazil:

135 Years After Abolition, Slavery Still Exists In Brazil
(DBN)

____________

Mexico:

U.S. Urges Spring Breakers To Avoid Mexico Due To Risk Of Kidnapping 'If you're on a Mexican highway, you're vulnerable'
(DBN)

____________

MENA:

Protests over Netanyahu's judicial overhaul plan rock Israeli military
(DBN)

Israeli Military Officers Threaten to not Serve if Judicial Overhaul Passes
(WSJ)

U.S. and Israel looking at Iran from "much closer point of view"
(DBN)

____________

France:

French strikers renew pressure on Macron to drop pension plan
(DBN)

____________

India:

Proposed Amendments To The Insolvency And Bankruptcy Code- A Real Solution For Real Estate Insolvencies?
(DBN)

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