May 27, 2022

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday, May 30, 2022



Law:

Biglaw's Super-Sized Summer Associate Class
(DBN)

Lawyer recently charged in Jan. 6 riot is fired from his law firm
(DBN)

Federal judge greenlights legal tech company's use of nonlawyers for legal advice • 'Non-Lawyer Legal Help' Are No Longer Banned Words in New York
(DBN)

Tips On How To Unplug
(DBN)

Polsinelli's Rapid Expansion in New York Continues
(DBN)

UC Hastings Law, with namesake tied to killings, will pick new name by July
(DBN)

Clifford Chance hikes NQ pay to £125k, Mishcon to £90k
(DBN)

Merging firm to make salaried partners reapply for roles
(DBN)

Freshfields to offshore IT to Bratislava
(DBN)

Ex-partner fined £600 for putting arm round trainee at strip club
(DBN)

Solicitor struck off for upskirting in the office
(DBN)

The Death Of A Mentor, And Other Stories
(DBN)

Trump loses appeal, must testify in New York civil probe • New York appeals court rules Trump, Ivanka and Don Jr. must sit for depositions • Appellate Court Orders Vanky, Deej, And Daddy To Go Under Oath For NYAG • Trump and His Children Fail in Their Latest Effort to Avoid Testifying Under Oath About Allegedly Fraudulent Family Business Practices
(DBN)

2016 Clinton attorney Sussmann won't testify in his own defense at trial
(DBN)

GOP Reps. Perry, Biggs formally object to subpoena from House January 6 committee • Meadows burned papers after meeting with Scott Perry, Jan. 6 panel told • New York Man Who Chased Officer Eugene Goodman Inside the Capitol Building on Jan. 6 Gets Years Behind Bars
(DBN)

Previously secret 'alternative' Mueller report goes public
(DBN)

Texas AG Paxton faces state ethics petition for alleged 'dishonest' statements in election litigation
(DBN)

Colorado Teen Arrested After Threatening School Shooting
(DBN)

Gun-Right Fights Move to the States After Little Federal Action
(DBN)

Hollywood Star Kevin Spacey Charged With Sexual Assault
(DBN)

Jury to start deliberating on Depp and Heard defamation claims • What to Know About the Law Johnny Depp and Amber Heard's Jury Will Apply—and Why Their Cases Boil Down to Something Simpler • Double Digit: Two Orthopedic Surgeons Intensify Battle of the Experts on Johnny Depp's Severed Fingertip • 'I Have a Right to My Voice and My Name': Amber Heard Describes 'Hundreds of Death Threats, Daily' in Tearful Rebuttal Testimony • Inside the key allegations in the Johnny Depp-Amber Heard trial • Depp Gets Unfavorable Jury Instructions
(DBN)

Distressing videos show parents begging cops to stop Texas Uvalde school shooting • Fourth-grade survivor of Texas shooting says gunman told class: "It's time to die" • Cops Excuse for Not Entering School: We Might Have Been Shot • Texas official sparks outrage after saying investigation into Uvalde school shooting was keeping him away from his children • It took an hour for cops to stop the Texas school shooter. But experts say seconds matter when dealing with shooting victims. • Uvalde SWAT Team Bragged About Training • Police face growing criticism over response to Texas school shooting as parents speak out • 'He Walked in Unobstructed': Texas Department of Public Safety Struggles to Explain Why Cops Killed School Gunman 'Approximately an Hour' After Shooting Started • Authorities took an hour to stop Uvalde gunman, raising questions about law enforcement response • "I'm just hurt": Victim's father mourns loss, says police should have moved in sooner • Questions remain about law enforcement response • Rep. Castro asks FBI to investigate police response to Texas school shooting as controversy grows • Police waited an hour for backup in the Uvalde shooting. That's an outdated tactic, experts say. • 'More could have been done': Texas police under scrutiny over response to school shooting • Uvalde Presser Goes Off Rails as Reporters Demand Answers on Police Response: 'Why Don't You Clear Up' All The 'Bad Info'? • Texas newspaper editor says 'urgent questions' about Uvalde massacre have not been answered • Gunman's final 90 minutes fuel questions about police delays • Shocking details continue to emerge after elementary school shooting • They smeared blood on themselves, hid and watched their teachers get shot. These are the survivors' stories • Student covered self with bodies • Girl shot when gunman heard her yelling for help 'after police told her to' • Playing dead and hiding: Traumatized children who survived Uvalde shooting recount horrors • Student who survived Texas school shooting recalls gunman saying: 'You're all gonna die' • Uvalde mass shooter was not confronted by police before he entered the school, Texas official says • Uvalde Shooter Fired Outside School for 12 Minutes Before Entering • Border Patrol agents saw taking down Uvalde gunman as 'suicide mission' • Questions emerge over security response to massacre • Border Patrol Agents Killed the Uvalde School Shooter. But Why Were They on the Scene? • Police face questions over response to Texas school shooting • 'How do you shoot my baby?': First responder arrived on scene to learn his 10-year-old daughter had been killed • 'Horrifying' conspiracy theories swirl around Texas shooting • Debunking the baseless QAnon conspiracy theory that the Texas school shooting was a false flag operation • Texas School Shooter's Dad: 'He Should've Just Killed Me' • A beloved teacher was killed in the Texas school shooting. Two days later, her husband died of 'a broken heart,' family says • Robb Elementary Had Security. Didn't Work • Texas deputy shows students AR-15 photos at school career day a day after Uvalde shooting • Texas parent brings gun to school, accidentally shoots self • Gosar strikes again after the Texas shooting • The Robb Elementary School shooting is the US's 27th school shooting so far this year • After the massacre, an outpouring of love
(DBN)

Donna Independent School alert over 'violence threat' after AK-47 and list of students found in wake of Texas tragedy
(DBN)

Explainer: Can US gunmakers be liable for mass shooting?
(DBN)

As young gunmen turn toward new social networks, old safeguards fail
(DBN)

3 more funerals for Buffalo victims in week of goodbyes
(DBN)

What people don't get about guns and the Constitution
(DBN)

Outrage as NRA to gather in Houston just days after Texas school massacre • Don McLean cancels performance at NRA meeting after Texas school shooting
(DBN)

How red flag gun control laws work
(DBN)

States divided on gun controls, even as mass shootings rise
(DBN)

Two years after Floyd murder, racial trauma permeates US
(DBN)

Can Mississippi trump FDA regulations to restrict abortion pills? Federal judge considers the issue • The next U.S. abortion battle is over pills, and it's already begun
(DBN)

Washington State Man Allegedly Shot and Killed Plumber, Then Asked His Neighbor to Hide a 'Bag of Guns'
(DBN)

Last unpardoned Salem 'witch' is cleared — 329 years later
(DBN)

______________

Judges:

Law Professors Reveal A History Of The Supreme Court You Never Knew
(DBN)

Federal judge takes rare step of backing U.S. Supreme Court ethics code
(DBN)

______________

Wall Street:

Stock futures rise slightly as S&P 500 aims for winning week
(DBN)

The Rise and Fall of Wall Street's Most Controversial Investor
(DBN)

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Layoffs:

Leaked email shows a major student-loan company just laid off employees as Biden's decision on debt forgiveness looms
(DBN)

BBC to Cut Up to 1,000 Staff in Bid to Save £500 Million a Year
(DBN)

Borrego Health announces 218 layoffs
(DBN)

Judge Has to Repossess Debt-Ridden Woman's House, Learns She Was Her Favorite Teacher in School
(DBN)

______________

Agribusiness:

Fertilizer Prices Plunge Nearly 30% Giving Relief to Farmers
(DBN)

____________

Climate:

U.S. Supreme Court rebuffs Republican-led states on greenhouse gas policy • Supreme Court Declines States' Request to Block Biden Policy of Considering Social Costs of Greenhouse Gases
(DBN)

Duke Energy Wants to Quit Coal Early, But Regulators Say No
(DBN)

With a third year of drought, Southern California facing a hot, dry summer
(DBN)

____________

Hotels:

Housekeepers struggle as US hotels ditch daily room cleaning
(DBN)

____________

Healthcare:

Hawaii reports highest rate of new COVID cases
(DBN)

CMS turning attention to hospitals with Covid outbreaks
(DBN)

US making COVID antiviral drug more available at test sites
(DBN)

Set Back a Generation, the Lost Girls of Covid Fight to Regain Ground
(DBN)

States with the most gun violence share one trait
(DBN)

Science is Clear: Gun Control Laws Work
(DBN)

FactCheck: "We know from past experiences that the most effective tool for keeping kids safe is armed law enforcement on the campus."
(DBN)

____________


Economy:

Weekly Initial Unemployment Claims Decrease to 210,000 • US Jobless Claims Fall More Than Forecast in Tight Labor  Market
(DBN)

Worry about stagflation, a flashback to '70s, begins to grow
(DBN)

Elon Musk Says 'Bankruptcies Need to Happen' as He Predicts Recession
(DBN)

Supply Chain Snags Poised To Spur New Wave Of Corporate Distress
(DBN)

Manchin revives Build Back Better
(DBN)

U.S. Consumers Expect Inflation Shock To Pass, N.Y. Fed Survey Finds
(DBN)

Q1 GDP Growth Revised down to minus 1.5% Annual Rate • US economy shrank by 1.5% in Q1 but consumers kept spending
(DBN)

US Corporate Profits Fall While Consumer Spending Revised Up
(DBN)

Supply Chain Snags Poised to Spur New Wave of Corporate Distress
(DBN)

Davos elite reassess globalization amid turmoil of pandemic and war • The Reasons to Worry Just Keep Piling Up for Davos Executives • History haunts the global elites at Davos
(DBN)

Moderna CEO Bancel Says He'll Give Most of His Money Away
(DBN)

Bolt Financial's loans come due
(DBN)

CEO pay rose 17% in 2021 as profits soared; workers trailed
(DBN)

Russia slams sanctions, seeks to blame West for food crisis • Yates, Rosenstein Among 20 in Big Law Hit by Russia Ban • How Abramovich was forced to sell Chelsea in fall from grace • Scholz Calls for Wider Alliance Against Putin to Thwart Russia • Russia Cuts Rates Again and Takes Aim at Ruble's Rebound • Soviet-style shortages as sanctions bite • Russia's ruble is the strongest currency in the world this year
(DBN)

Remote Work Takes Poaching to Another Level in Smaller US Cities
(DBN)

Baby formula shortage highlights racial disparities
(DBN)

World's richest man Elon Musk says recession would be a 'good' thing because it'll hurt unproductive work-from-home crowd and 'foolish' business owners he says deserve to go bankrupt
(DBN)

Zombie Lending to U.S. Firms
(DBN)

Americans paying most income taxes ever
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

US Pending Home Sales Drop for a Sixth Month in Worst Skid Since 2018 • NAR: Pending Home Sales Decreased 3.9% in April • US Pending Home Sales Drop for a Sixth Month in Worst Skid Since 2018
(DBN)

MBA: "Mortgage Application Payments Jumped 8.8 Percent to $1,889 in April"
(DBN)

US Mortgage Rates Fall to 5.1% in Biggest Drop Since April 2020
(DBN)

US Home Sellers Cutting Prices Hits Highest Level Since 2019 • Signs Are Pointing to a Slowdown in the Housing Market—At Last
(DBN)

Home listings jump as sellers worry they may miss out on the red-hot housing market
(DBN)

Williamsburg Hotel's Developers Lose Control to Chapter 11 Trustee
(WSJ)

____________

Municipalities:

Former U.S. Bankruptcy Judge: Promesa Not a Solve-All'
(DBN)

US Census Bureau: Big city losses early in COVID pandemic
(DBN)

What Detroit must do to sustain its solvency
(DBN)

____________

Oil/Gas:

Saudi Arabia's Oil Exports Hit The Highest Level Since 2016
(DBN)

Offshore oil rig rates lifted by pandemic recovery, race to replace Russian crude
(DBN)

US Sees Demand Destruction on Gas Prices
(DBN)

U.S. Natural Gas Futures Spiked To Highest Since 2008, Tripled In A Year
(DBN)

Permian Frackers Blame Supply Chain Bottlenecks For Stymied Growth
(DBN)

Exxon can't use 'right of petition' law to block climate change suit, top state court rules
(DBN)

Ford Beats Tesla to the Punch With First Electric F-150 Delivery
(DBN)

____________

Crypto:

Ether and Altcoins Lead Crypto Rout as Terra DeFi Fallout Deepens
(DBN)

Bitcoin Options Show Investors Becoming Anxious About Declines
(DBN)

____________

Cannabis:

Cash Crises Loom At Cannabis MSO Companies
(DBN)

____________

Pharma:

FDA: Pharmacists and wholesalers can import drugs from Canada
(DBN)

____________

Gambling:

American casino development has hit its saturation point.
(DBN)

____________

Politics:

Documents Shed Light on Secret U.S. Plans for Apocalyptic Scenarios
(DBN)

The Republican wave is building fast
(DBN)

New poll suggests Democrats are misreading Kamala Harris' 2024 candidacy
(DBN)

'Why only in America?': Ted Cruz storms out of Texas school shooting interview
(DBN)

Will Uvalde Be Enough?
(DBN)

Will Congress act on guns after Sandy Hook, Buffalo, Uvalde?
(DBN)

Why gun control laws don't pass Congress, despite majority public support and repeated outrage over mass shootings
(DBN)

Republicans heading to NRA convention expose hypocrisy of blaming Democrats for politicizing mass shootings • Outrage as NRA to gather in Houston just days after Texas school massacre • Musicians cancel performances at upcoming NRA convention in wake of Uvalde shooting • NRA opens gun convention in Texas after school massacre • NRA, long viewed as invincible, faces shrinking membership and revenue
(DBN)

'Republicans are owned by them': Gun lobby unmoved despite mass shootings
(DBN)

Students stage walkouts across U.S. to protest Texas school massacre
(DBN)

Swing-state politics stymie gun debate
(DBN)

COVID-19, shootings: Is mass death now tolerated in America?
(DBN)

Senate GOP blocks domestic terrorism bill, gun policy debate • GOP blocks domestic terrorism bill after multiple mass shootings
(DBN)

Schumer calls Texas Gov. Abbott "an absolute fraud" • What Greg Abbott gets wrong about the Uvalde shooting • Texas Gov. Abbott cancels in-person appearance at NRA convention. Here's what to know about the meeting • Gov. Abbott doesn't want to make the killing of children a political issue. What is it then?
(DBN)

Cornyn Sent to Find Common Ground on Guns • Bipartisan gun group hyper-focused on realistic legislation • Bipartisan group of senators meet on gun safety legislation, may find consensus on red-flag measure • How red flag gun control laws work
(DBN)

Why can't America fix its gun crisis?
(DBN)

Mass shootings renew push for one of few gun control measures with some Republican support
(DBN)

Disaffected, radicalized young men are not a uniquely American problem. Mass shootings are.
(DBN)

Maker of rifle used by Texas gunman draws fury for 'incendiary' ads • The maker of the gun used in the Texas school shooting received $3.1 million in pandemic aid, a report says
(DBN)

The world's most powerful nation can't keep schoolkids safe at their desks
(DBN)

Why Steve Kerr's comments on Uvalde should stop you in your tracks
(DBN)

Trump Personally Blasts Kellyanne Conway: 'Go Back to Her Crazy Husband'
(DBN)

'Trump is in the past': Mounting losses show limits of power
(DBN)

Abrams-Kemp slugfest promises to be pricey, long and ugly
(DBN)

____________

 
New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (6 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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 Strategy:

Middle Market Debtors Who Need Bankruptcy Relief: What To Do? (The "Nebraska Three-Step")
(DBN)

____________

Cross-Border:

The Model Law on Cross-Border Insolvency turns 25
(DBN)

Uniform Foreign-Country Money Judgments Recognition Act. Personal Jurisdiction. Ninth Circuit finds that a defendant submitted to the jurisdiction of a foreign court when it sought to set aside a default judgment against it, permitting recognition and enforcement of the default judgment.
(DBN)

____________

Discharge:

Opinion Illustrates Distinction Between Good Practices and Sec. 727 Violation
(DBN)

____________

Intercreditor:

Junior Creditors Beware: Third Circuit Awards Damages for Breach of Turnover Provision
(DBN)

____________

Subchapter V:

Profit Motive? Not Required for Subchapter V Eligibility
(DBN)

____________

Aviation:

Is Pandemic Pain Finally Over For The Airline Industry?
(DBN)

Inside the Government Fiasco That Nearly Closed the U.S. Air System
(DBN)

Southwest Air, JetBlue Boost Revenue Forecasts as Travel Swells
(DBN)

Delta Cutting Flights to Relieve Pressure on Operations
(DBN)

Japan to resume tourism in June, starting with package tours
(DBN)

____________

Nursing Homes:

Feds to cut off Medicaid funds to N.J. nursing home, which could force closure of embattled facility
(DBN)

____________

Mass Torts:

U.S. will not prosecute ex-FBI agents who botched probe of USA Gymnastics doctor Nassar
(DBN)

Southern Baptist Convention leaders release secret accused abuser list
(DBN)

The New York Adult Survivors Act Passes: Bracing for the Impact on Institutional Liability and Insurance Coverage
(DBN)

____________

LBOs:

Lessons from Nine West: Avoiding "Reckless" Leveraged Buy-Out Risks
(DBN)

____________

Tech:

Twitter shareholder lawsuit accuses Musk of 'market manipulation'
(DBN)

Shooter warning signs get lost in sea of social media posts
(DBN)

____________

Celebs:

'Leave Britney Alone': Biglaw Partner Says Britney Spears Is Being Bullied And Harassed By Her Father's New Lawyer
(DBN)

____________

Religion:

A Christian influencer warned that 'Yoga Barbie' doll spreads satanism and could lead to children being 'possessed by demons'
(DBN)

____________

Flooring:

Steelworkers union steps into Armstrong Flooring bankruptcy
(DBN)

____________

Autos:

Another Owner Burned Alive in His Tesla
(DBN)

____________

Ride Hailing:

Joby Aviation Gets First OK for Air Taxis
(DBN)

____________

Corporate Governance:

The rise of aspirational capitalism
(DBN)

____________

Sovereigns:

IMF Says Good Progress Made Studying Sri Lanka Economy Situation • Bankrupt Sri Lanka Takes Russia Oil as Fuel Crisis Persists
(DBN)

No petrol, no cash in ATMs: Is Pakistan heading towards bankruptcy?
(DBN)

Debt deal delays blocking funding for Chad • Chad's creditors have not completed debt restructuring
(DBN)

____________

UK:

Britons' Disposable Income Falling by Most Since 2008, Asda Says
(DBN)

Bankrupt Labour-run council spent £38,000 on dying plants for staff wellbeing
(DBN)

Sunak's Spending Spree Puts Onus on BOE to Fight Inflation
(DBN)

Rishi Sunak Embraces Socialism Again With a Windfall Tax for UK
(DBN)

Sunak's package fails to tackle the true cause of UK inflation: shameless profiteering
(DBN)

UK Tax Raid on Oil Industry Also Breaks Historic Climate Pledge
(DBN)

Record UK Fuel Prices Push a Tank of Diesel to Almost £100
(DBN)

Rolls-Royce CEO Says Supply Chain a Daily Cause for Concern
(DBN)

UK's Sunak to Unveil £600 Grants for the Lowest-Paid, Times Says
(DBN)

One-in-Five in Britain Say They're Struggling to Pay Their Bills
(DBN)

UK Loses EU Nationals in a Year of Brexit and Pandemic Shocks
(DBN)

____________

EU:

Energy Chief Says Canada Could Send Gas to Europe Within 3 Years
(DBN)

EU Working on Gas Deal With Egypt, Israel to Shore Up Supplies
(DBN)

____________

Canada:

Province agrees to buy Laurentian University assets
(DBN)

Job Vacancies Hit Record in Canada's Ever-Tighter Labor Market
(DBN)

RBC Joins TD in Betting a Softer Economy Won't Prompt Defaults
(DBN)

Canada Retail Receipts Unchanged in March on Fewer Car Sales
(DBN)

____________

China:

Evergrande discussing staggered payments, debt-to-equity swaps for $19 bln offshore bonds • Evergrande to sell project in eastern China for $200 million
(DBN)

'The pandemic won't stop us': the Beijingers skirting Covid rules
(DBN)

____________

Russia:

Russia Accused of Kidnapping Own Citizens to Fight War in Ukraine • Military Readies 60-Year-Old Tanks, Civilian Boats! • Ukraine pushed Russia back from its second city. Missiles are still tearing lives apart. • Russian advances are making the battle for the Donbas a 'different story' to the start of the war • Russian corpses and munitions litter Kharkiv's suburbs weeks after troops pushed out • Russian veterans group calls Putin's special military operation a 'failure' and demands mobilization for 'full-blooded war' • Russian forces edge closer to encircling Ukraine troops in east
(DBN)

Ukraine's richest man intends to sue Russia for up to $20 billion in damages caused to his steel plants in Mariupol
(DBN)

China and Russia veto new U.N. sanctions on North Korea 2H AGO
(DBN)

____________

Australia:

Lien & mean – going toe to toe with contractual, statutory & common law liens
(DBN)

More than half of the state's truck companies face bankruptcy
(DBN)

Non-party creditor ordered to pay portion of liquidators' legal costs
(DBN)

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