December 20, 2024

The Daily Bankruptcy News

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Law:

2 BigLaw firms reject routine special bonuses as several boutiques match or surpass market rate
(DBN)

Biglaw Firm Matches Milbank And Rewards Associates For Racking Up Hours
(DBN)

Another Boutique Firm Goes Above Market!
(DBN)

Willkie Adds Leading Restructuring Partner Robin Spigel in New York
(DBN)

Biglaw Partners Are Entering Their 'Free Agency' Era
(DBN)

As Lawyers Embrace the Side Hustle, How Should Firms Respond?
(DBN)

Defense lawyer forged amended protective order to keep cops from arresting her client: AG
(DBN)

Big Law Sportsbook 2025: Place Your Bets on How Firms Will Fare
(DBN)

Ex-Freshfields partner groped colleague before vomiting on himself
(DBN)

Profile Raising 101 For Busy Lawyer Mothers
(DBN)

ATL Holiday Card Contest: The Finalists! (2024)
(DBN)

Winston & Strawn Partner Leads Trump's DOJ Agency Review Team
(DBN)

Quantum Computing Is Coming And Lawyers Aren't Ready
(DBN)

Attorney-client privilege should cover electronic messages to federal prisoners, ABA president says
(DBN)

Litigating the Tower of Pisa fiasco
(DBN)

U.S. deportations at highest level since 2014, ICE report shows
(DBN)

Trump’s promise of mass deportation throws undocumented Texans into fear, uncertainty
(DBN)

Advocates train immigrants to ‘prepare to stay’ in the US under Trump
(DBN)

Trump's promise to end CBP One app worries migrants waiting in Mexico
(DBN)

Sheinbaum Is Ready to Receive Mexicans If Trump Deports Them
(DBN)

Fani Willis disqualified from Trump's Georgia election case, but indictment stands Trump says Georgia election interference ‘entirely dead’ with Willis disqualification Fani Willis disqualification may doom Trump’s Georgia case Appellate judge fires off 'no authority' rebuke of Willis disqualification in Trump case Fani Willis immediately appeals removal from Trump RICO case to Georgia Supreme Court
(DBN)

Rudy Giuliani Doxxes A Priest
(DBN)

Judge: Pardoning Oath Keepers leader Stewart Rhodes for Capitol riot plot would be ‘frightening’
(DBN)

Judges increasingly alarmed as Trump’s Jan. 6 clemency decision nears
(DBN)

Federal judge allows January 6 defendant to attend Trump’s inauguration
(DBN)

Trump’s foes fear his retribution has already begun
(DBN)

Central Park 5 use Trump's own words from ABC defamation case to advance their case
(DBN)

Luigi Mangione waives extradition, boards plane to New York Mangione Faces Murder Charge That Lawyer Calls ‘Death Eligible’ Mangione Charged with New Federal Counts Mangione arrives at courthouse as hundreds of protesters gather to show support How Luigi Mangione’s notebook helped federal prosecutors build their case More Murders of Business Leaders Are Coming, Americans Warn 'United Healthcare' Using DMCA Against Luigi Mangione Images Which Is Bizarre & Wildly Inappropriate Luigi Mangione’s Mom Makes Shocking Confession About the Alleged Shooter 13 Breaking Details in Luigi Mangione's Unsealed Murder Docs
(DBN)

WI: Shooter Was New to Christian School
(DBN)

Andrew Cuomo Plans to Sue Harassment Accuser for Defamation
(DBN)

Judge Rejects Ex-Uvalde Schools Police Chief's Bid to Dismiss Charges
(DBN)

NYC Mayor’s Former Aide Lewis-Martin Charged With Bribery
(DBN)

Jay-Z Paid People to Turn on Lawyer for P. Diddy Accusers: Lawsuit Quinn Emanuel accused of conspiring with Jay-Z to ruin lawyer
(DBN)

DOJ rebukes Derek Chauvin's George Floyd heart exam request, saying 'it defies belief'
(DBN)

Far-right firebrand Nick Fuentes says he was ‘targeted by armed killer’ as triple murder suspect shot dead near his home Battery Charge For Racist Nick Fuentes
(DBN)

2 girls tell police how male friend recruited them to kill his romantic rival
(DBN)

Mom leaves 4 kids under the age of 8 in bar parking lot so she can go drink: Sheriff
(DBN)

Wife shoots and kills husband outside courthouse after they finalize their divorce: Cops
(DBN)

'Twerking' porch pirate returns to victim's home after video of theft posted online
(DBN)

Inmates denied toilet paper, clothing and heat by 'angry' prison officials, lawsuit says
(DBN)

Former bridge operator who prematurely raised drawbridge leading to death gets 10 years
(DBN)

Former Florida congressman indicted on foreign agent charges
(DBN)

______________

Judges:

5th Circuit judge’s remarks spur talk of Supreme Court audition
(DBN)

Does judge’s reference to ‘little Chinese woman’ show bias? Appellate concurrence sees ‘pure stereotyping’
(DBN)

Far-Right Group Weaponizing Ethics Complaints Against Federal Judges. Again.
(DBN)

Bipartisan House Members Urge Biden to Rethink Judge Bill Veto
(DBN)

______________

Wall Street:

US stock futures inch lower after hawkish Fed rattles Wall St
(DBN)

BofA Strategist Hartnett Sees Shaky Sentiment as Fed Pivot Rattles Bulls
(DBN)

Wall Street’s Next Test After Fed: $6.5 Trillion ‘Triple-Witching’
(DBN)

M&A Drought Leaves Bankers at the Mercy of Private-Equity Firms
(DBN)

______________

Layoffs:

Santa Ana school board votes in favor of massive teacher layoffs
(DBN)

______________

Food/Beverage:

Starbucks workers plan strikes that could spread to hundreds of US stores by Christmas Eve
(DBN)

Dickey's Barbecue Pit closes more restaurants as franchisees fume
(DBN)

Darden Shares Jump as Outlook Signals Diners Are Returning
(DBN)

The 11 Top New York City Restaurants to Book in 2025
(DBN)

____________

Retailing:

Big Lots Plan to Sell Business to Nexus Capital Falls Apart Bankruptcy lawyer says to expect more closures similar to Big Lots in 2025 Big Lots to close all remaining 963 stores Big Lots: ‘Going out of business’ sales to begin at all locations Big Lots says it is having going-out-of-business sales as it seeks a new buyer Is Big Lots closing? What to know as company announces 'going out of business' sales Retailer Big Lots makes 'difficult decision' to go out of business completely
(DBN)

Thousands of Amazon Workers Strike During Pre-Christmas Rush Accuse company of 'insatiable greed'
(DBN)

____________

Student Debt:

Biden Cancels Nearly $4.3 Billion in Public Worker Student Debt
(DBN)

____________

Pharma:

Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copies
(DBN)

Novo Nordisk Falls Most on Record After New Weight Drug Disappoints
(DBN)

Why the drug industry and its friends are holding their fire on RFK Jr.
(DBN)

Louisiana forbids public health workers from promoting COVID, flu and mpox shots
(DBN)

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Water:

America’s Next Water Crisis? A Lack of Experienced Workers
(DBN)

____________

Batteries:

China’s PTL Scraps Sweden Battery Plant After Northvolt Collapse
(DBN)

China’s Battery Exports to US Jump to a Record $1.9 Billion
(DBN)

____________

Maritime:

Imminent EU Climate Rule for Ships Is Set to Add to Fuel Bills
(DBN)

Shipping Industry’s $188 Billion Binge Cuts Space to Make New Vessels
(DBN)

____________

Fraud:

Father, son plead guilty in $100 million New Jersey deli stock scheme
(DBN)

B. Riley accuses ex-investment head of client and staff poaching
(DBN)

Are taxpayers also the victim of Clearwater man at center of missing $100M?
(DBN)

____________

Banking:

FDIC Board of Directors Authorizes Suit Against SVB Officials
(DBN)

Swiss Bank Watchdog Blundered on Credit Suisse, Report Finds Swiss Lawmakers Make Over 30 Proposals for Bank Oversight Reform
(DBN)

____________

Private Credit:

Private Credit Plots Expansion in Bid for $40 Trillion Prize
(DBN)

____________


Economy:

US unemployment applications come back down after big rise US Jobless Claims Fell Last Week During Holiday Season Volatility Weekly Initial Unemployment Claims Decrease to 220,000
(DBN)

US Yield Curve Is Steepest Since 2022 After Fed’s Rate-Cut Shift
(DBN)

US Fed's Caution On Rate Cuts Could Cause Friction With Trump
(DBN)

US Growth Revised to 3.1% on Stronger Consumer Spending, Exports
(DBN)

What Senate Republicans are saying after Trump tanks government funding bill
(DBN)

Fed delivered 'a much needed reality check to euphoric Trump trades': Barclays
(DBN)

Canada Has Fiscal Room to Withstand Tariff War, New Finance Minister Says ‘The Only People That Win Is China’: Ontario Premier Makes Trade Plea to Trump
(DBN)

UK’s Starmer Says He Opposes Trade Tariffs in Signal to Trump
(DBN)

Trump is all about tariffs as he leads a party that used to be all about free trade
(DBN)

'Don't believe him': Conservative warns Trump 'distraction' could destroy U.S. economy
(DBN)

70% of Americans say U.S. economic system unfairly favors the powerful
(DBN)

Jeffries dismisses Trump debt ceiling demand: ‘Hard pass’ Trump Calls For Abolishing Debt Limit: 'Smartest Thing' Congress Could Do Elizabeth Warren backs Trump call to eliminate debt ceiling Greene blasts Johnson for ‘dirty swamp deals,’ keeping ‘everyone in the dark’
(DBN)

US Govt Shutdown Looms As Trump, Musk Kill Funding Deal Trump Backs House GOP Plan to Fund Government, Delay Debt Limit What to Know About the Debt Ceiling as Trump Backs Eliminating It Trump Seeks Shutdown If Debt Limit Not Raised or Ended, ABC Says Trump's demand to abolish debt ceiling hits a brick wall Trump-Approved Spending Plan Goes Down in Flames MAGA rebels kill Johnson and Trump's Plan B House rejects Trump-backed plan on government shutdown, leaving next steps uncertain How Musk and Trump caused Congress' nightmare before Christmas Shutdown blame game engulfs Capitol as hopes to avert shutdown fade House leaders scrambling to keep government open after Trump rift Farmers, business owners, fire survivors face uncertainty after $100B in disaster relief flounders Senate Republicans fume over ‘fiasco’ in House Republicans scramble for funding plan C as shutdown deadline draws near What government funding chaos reveals about the Trump administration These 38 Republicans voted against the Trump-backed spending bill Republicans scramble for a path forward after spending plan collapse Trump threatens primary against Texas conservative Chip Roy Trump and Johnson weigh the pros and cons of a shutdown Johnson on shaky ground with Trump after spending fiasco Shutdown threatens ‘chaos’ for Trump’s transition and inauguration Musk floods X with spending bill misinformation Pentagon warns that a government shutdown will cost troops their pay over the holidays Trump demands GOP unity around new spending plan Millions Of Government Workers Could Go Without A Paycheck During The Holidays If Elon Musk Gets His Shutdown Elon Musk’s government shutdown? Here’s what it means for TSA, IPOs and Social Security A government shutdown could occur on Dec. 21. Here's what services and payments could be impacted What Actually Gets Shut Down When the Government Stops Spending
(DBN)

DOGE Can’t Do It All. Here’s What It Can Do.
(DBN)

Workers don’t understand the purpose of their jobs or companies, and it’s leading to ‘The Great Detachment’
(DBN)

Census: The U.S. population grew by nearly 1.0% between 2023 and 2024
(DBN)

Immigration Fuels Fastest US Population Growth in Two Decades
(DBN)

Most Countries Don't Use Daylight Savings Time
(DBN)

The Crumbling Foundation of America’s Military
(DBN)

Senate advances bill to boost Social Security benefits for millions of people
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

NAR: Existing-Home Sales Increased to 4.15 million SAAR in November US Existing-Home Sales Rise as Buyers Accept High Mortgage Rates Existing Home Sales Surge To Strongest Annual Increase In Over Three Years
(DBN)

Mortgage Rates Climb for First Time in a Month, Landing at 6.72%
(DBN)

Office Rebound Expected in 2025 While Other Real Estate Stocks to See Trouble
(DBN)

Realtor.com Reports Active Inventory Up 23.4% YoY
(DBN)

Looking for a home in 2025? Check out these 10 housing hotspots.
(DBN)

How fighting affordable housing nearly bankrupted one of America's richest towns
(DBN)

____________

Municipalities:

Muni Outlook for 2025: Tax Policy Takes Center Stage; Muni Tax Exemption Once Again Up for Debate; Market Wrestles With Financial Data Transparency Act Compliance, Climate-Conscious Infrastructure Needs
(DBN)

____________

Oil/Gas:

Oil Sector Lobbies Trump to Spare It from Tariffs and Regulation
(DBN)

Oil Falls for Second Day on Fed’s Slower Path and Tariff Risks
(DBN)

Trump Threatens Tariffs If EU Doesn’t Buy More US Oil and Gas
(DBN)

Iranian Oil Stored at Sea at Five-Month High as Sanctions Bite US Broadens Sanctions on Tankers to Squeeze Flows of Iranian Oil
(DBN)

California Subsidizes Some of the Dirtiest Oil in the US
(DBN)

____________

Climate:

Biden administration to announce 'ambitious' climate goal
(DBN)

In ‘monumental moment,’ Montana Supreme Court rules for youths claiming right to clean environment
(DBN)

Walmart Says to Miss Climate Targets as Green Challenges Mount
(DBN)

How Trump could spare Biden's renewable energy credits and still cripple his landmark climate bill
(DBN)

China Connects Biggest Desert Solar Plant in Effort to Curb Coal
(DBN)

____________

Politics:

How the White House Functioned With a Diminished Biden in Charge Biden admin officials noticed stamina issues in president's first few months in office: report
(DBN)

Biden is AWOL as Washington spirals into shutdown chaos Biden stays on the sidelines as Congress tries to avoid a shutdown
(DBN)

‘The Black Swan Election’: Trump’s Campaign Chiefs Tell Their Inside Story
(DBN)

Who’s Who in Trump’s New Silicon Valley Entourage
(DBN)

Rep. Michael McCaul calls Tulsi Gabbard a “baffling” pick to lead intelligence community
(DBN)

Trump rethinks firing Joint Chiefs chairman after one-on-one meeting, sources say
(DBN)

Musk's budget veto power could extend to auto and space regulations Musk ascends as a political force beyond his wealth by tanking budget deal Democrats rage at "unelected co-president" Elon Musk Trump team affirms he’s leader of GOP amid ‘President Musk’ barbs
(DBN)

Rand Paul floats Elon Musk for Speaker President Musk? The DOGE leader's government shutdown push shows how he'll wield power in Washington
(DBN)

Mike Johnson's Hopes of Remaining House Speaker Nosedive
(DBN)

In rare move, Republican senators call for Hegseth’s FBI report
(DBN)

John Fetterman vs AOC: the battle for the Democratic Party’s future
(DBN)

A power grab by Republicans in North Carolina becomes a referendum on democracy in the states
(DBN)

Trump transfers all Trump Media shares into a trust
(DBN)

____________

Media:

Entertainment and Media Suffers Another Major Blow in 2024 With 15,000 Job Cuts
(DBN)

Trump Target Neil Cavuto to Leave Fox News After 28 Years
(DBN)

____________

Healthcare:

Warren Urges Wellpath to Commit to Fair Payouts and Fair Notice for Incarcerated Patients During Bankruptcy Process
(DBN)

Pa. hospital to close; more than 800 people to be laid off
(DBN)

Bankruptcy judge asked to review concerns about Sharon Regional closing plan
(DBN)

UnitedHealth Group CEO: America’s health system is poorly designed
(DBN)

A Mysterious Health Wave Is Breaking Out Across the U.S.
(DBN)

Trump’s Return May Worsen Financial Woes for Global Health Institutions
(DBN)

Moderate drinking linked to lower risk of death, but there's a major catch
(DBN)

Top 10 Causes of Death in America
(DBN)

____________

Tech:

Tiktok lawyer warned for pretending to be a judge in court
(DBN)

White House Eyes Federal Land to House Massive AI Data Centers
(DBN)

____________

Autos:

Tesla Sales Crash as Drivers Snub Musk Tesla Quality Going Downhill Tesla Sales Are Tanking In Europe
(DBN)

____________

Aquariums:

SeaQuest, Interactive Aquarium Where Many Animals Died, Files for Bankruptcy USDA cites SeaQuest for alleged violation of federal law in new warning letter
(DBN)

____________

Trucking:

‘Unauthorized and Fraudulent Transactions’ at Center of Trucking Bankruptcy
(DBN)

____________

Cannabis:

Cannabis company closing Vt. operations following bankruptcy
(DBN)

____________

 


New Bankruptcy Opinions
(3 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 (16 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

More links surface between bankruptcy case under FBI investigation and church reorganization
(DBN)

Purdue's Side Effects: Using Due Process to Realign Mass Tort Bankruptcies
(DBN)

____________

Aviation:

Air travel is busier than ever
(DBN)

FAA temporarily bans drones in parts of New Jersey, notice threatens 'deadly force' Drones Banned in New Jersey Over 'Imminent Security Threat' The what-ifs war: Why drone sightings have driven conspiracy theory delirium
(DBN)

Boeing Wins $36 Billion Deal From Turkey, Trumping Airbus
(DBN)

FAA finds no issues with Southwest after safety review
(DBN)

American Airlines Plane Floods With Water Mid-Flight, Bewildering Travelers
(DBN)

____________

Crypto:

Bankrupt Cryptopia exchange distributes $225M to hack victims
(DBN)

Bitcoin Slumps as Trump Euphoria Gives Way to Wariness on Fed
(DBN)

Crypto Insiders Jockey for Influence on Proposed Industry Advisory Council
(DBN)

____________

Private Credit:

Apollo Says Private Credit May Reach $40 Trillion by 2030
(DBN)

____________

Sports:

Fight Erupts Over Who Really Owns Italy’s Oldest Football Club
(DBN)

____________

Tax:

Rich People Buy Tribal Tax Credits Treasury Says Don't Exist
(DBN)

____________

Celebs:

Debt Collectors File Involuntary Bankruptcy Petitions Against Michael Vick
(DBN)

Brazilian Judge Coming Hard For Adele Over Plagiarism Claim
(DBN)

____________

Labor:

Amazon Vows Labor Charges as Teamsters Plan to Expand Strike ‘Packages and profits over people’: What it’s like to be an Amazon driver and why some are on strike Chaos Erupts As NYPD Breaks Picket Line Of Striking Amazon Workers, Detain Driver: 'Cops Work For Jeff Bezos, Not You'
(DBN)

Volkswagen's restructuring talks with labor leaders hit a snag
(DBN)

Starbucks union plans strikes in LA, Chicago and Seattle from Friday
(DBN)

UAW Reaches Secret Deal With Rivian to Make Unionizing Easier
(DBN)

____________

Education:

Bankruptcy court approves Saint Rose campus sale
(DBN)

Bible removed from Texas school district due to law banning 'sexually explicit' content
(DBN)

____________

Agribusiness:

Distressed Fund Wins Key Role in Bankruptcy Case of Argentina Soy Exporter
(DBN)

____________

SPACs:

SPAC Kings Who Delivered 99% Losses Are Raising Billions Again
(DBN)

____________

Sovereigns:

IMF In Talks With Argentina on Loan to Succeed $44 Billion Deal
(DBN)

Bitcoin Country No More? El Salvador Bends To Secure IMF Loan
(DBN)

____________

UK:

'We can't keep up': Councils cutting services and facing bankruptcy over rising cost of social care
(DBN)

Order annulling a bankruptcy order can be rescinded.
(DBN)

UK Borrowing Set to Overshoot Forecast in New Problem for Reeves
(DBN)

Starmer Taps Mandelson as UK Envoy to Trump’s Washington
(DBN)

Slow UK Retail Sales Signal Christmas Shopping Won’t Lift Growth
(DBN)

____________

EU:

Trump’s Return Leaves an Uneasy Europe Preparing for Turmoil
(DBN)

Trump to EU: Buy Our Oil and Gas or Else
(DBN)

Putin, Zelenskiy Rule Out Renewal of Key Gas Deal for Europe Europe Braces for Tense Countdown to Ukraine Gas Flow Halt
(DBN)

____________

Canada:

Rocky Mountain files to restructure; says it will continue business as usual Rocky Mountain Bicycles To Restructure In Effort To Avoid Bankruptcy
(DBN)

Canada’s Justin Trudeau will shuffle his Cabinet as he faces calls to resign and rising discontent
(DBN)

____________

Russia:

Putin says West's air defenses have 'no chance' against Russian ballistic missile
(DBN)

Putin Says He Is Willing To Compromise With Trump On Ukraine
(DBN)

Bank of Russia Holds Key Rate at 21% Even as Inflation Rises
(DBN)

EU Economy Chief Open to Confiscating Frozen Russian Assets
(DBN)

Too Little Too Late: US Allies Say Biden Strategy Cost Ukraine Chance of Victory
(DBN)

Zelenskiy Welcomes Trump Effort But Warns of Hasty Ceasefire
(DBN)

Zelenskyy calls Putin a ‘dumbass’
(DBN)

US alarmed Russia close to accepting nuclear-armed N. Korea
(DBN)

____________

MENA:

UN Chief Sees 'Flame Of Hope' In Syria, Calls For End To Israel Strikes
(DBN)

US Delegation to Meet With Syria Rebel Group That Ousted Assad Top State Dept. official to visit Syria in sign of U.S. reengagement The number of U.S. troops in Syria has doubled, Pentagon discloses
(DBN)

Israel’s Many Wars Lead to First Combat Unit of Religious Women
(DBN)

Thousands of Jews have left Israel since the October 7 attacks
(DBN)

GOP seeks ‘maximum pressure’ on Iran with nuclear clock ticking
(DBN)

____________

Portugal:

Over 25% of Portuguese companies in technical bankruptcy
(DBN)

____________

BVI:

Officeholders from additional jurisdictions now entitled to seek assistance in the British Virgin Islands
(DBN)

____________

China:

China keeps loan prime rate unchanged in Dec with fiscal stimulus in focus
(DBN)

China’s Struggling Rich Cities Are Threatening the Entire Economy
(DBN)

____________

Hong Kong:

More than 830 apply for bankruptcy in November HK Nov No. of Bankruptcy Petitions Presented Hikes 2.3% YoY; 11M24 Petition Amt 7% More than 2023
(DBN)

____________

France:

France’s New Premier Aims to Name a Government This Weekend France’s Central Bank Chief Calls for Significant Deficit Cut
(DBN)

____________

Mexico:

Mexico Delivers Fourth Straight Rate Cut as Inflation Slows
(DBN)

Mexico Hikes Tariffs as Much as 35% to Support Jobs in Textiles
(DBN)

____________

Indonesia:

Indonesian Supreme Court Upholds Sritex Bankruptcy Ruling Govt tells SOE banks to help bankrupt textile firm Sritex Takes Last Legal Avenue after Supreme Court Rejects Appeal against Bankruptcy Ruling
(DBN)

____________

Denmark:

Solar Firm Collapse Shakes Denmark’s Financial System
(DBN)

____________

India:

Half-Full: Post IBC, How Do We Encourage A Healthy Real Estate Participation?
(DBN)

____________


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