April 11, 2023

The Daily Bankruptcy News

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Law:

BigLaw firm acknowledges cyberattack on vendor left its data exposed
(DBN)

Cleary Gottlieb Expands Leading Global Restructuring and Capital Solutions Practice with David Botter
(DBN)

A.I. Is Coming for Lawyers, Again
(DBN)

Forget ChatGPT, Let The Robots Take Over Your Billing
(DBN)

More states reconsider how to license lawyers
(DBN)

How can law schools comply with faculty diversity accreditation standards? Some deans have questions
(DBN)

Settlement reached in defamation lawsuit against Lou Dobbs, Fox News
(DBN)

Trump attorney spars with NBC’s Chuck Todd, says former president is receiving ‘differential treatment’ Trump's Lawyer Gets Roasted By Chuck Todd The Trump investigations you should actually care about Trump Appeals Decision Forcing Pence to Testify to Jan. 6 Grand Jury
(DBN)

House Judiciary brings Bragg pressure campaign to his New York backyard Trump loyalist congressman to roast Manhattan DA on his home turf: A guide to 'field hearings'
(DBN)

How Two Manhattan DA Classmates Hold Trump’s Fate in Their Hands
(DBN)

GOP-led House panel subpoenas FBI Director Christopher Wray
(DBN)

Stormy Daniels: Trump indictment ‘doesn’t feel like a victory’ How Stormy Daniels Sees It Ending
(DBN)

Judge won't budge on anonymous jury for Carroll v. Trump: Risk has 'increased' after criminal case
(DBN)

Missouri officials refuse to work with the Bureau of Alcohol, Tobacco and Firearms, saying all federal 'so-called' gun laws are unconstitutional
(DBN)

Hawkish tech critics have labeled San Francisco 'lawless' following the stabbing death of Cash App creator Bob Lee. The city's crime rate tells a different tale.
(DBN)

Louisville shooting leaves at least 5 dead and 6 others wounded, police say Louisville shooter was star athlete who suffered so many concussions he wore helmet for basketball: classmate Everything we know about the ex-employee behind deadly rampage at Louisville bank Louisville bank manager 'witnessed people being murdered' in virtual meeting Police: 4 killed in shooting at downtown Louisville bank Louisville officer who ran toward gunman, was shot in the head during bank ambush was just sworn in Who is the Louisville shooter who killed four people at bank? What we know about suspect, motive Louisville shooter was disgruntled ex-worker and 'dead on arrival' after killing 4 4 killed, 8 injured — including 2 cops — after gunman opens fire in Louisville, Ky. bank Biden renews call for gun reform after Louisville mass shooting NBA coach Gregg Popovich says politicians ‘think we’re stupid’ and calls Second Amendment a ‘myth’ Downtown Louisville active shooting updates – Five dead and eight injured in gun horror at Old National Bank in Kentucky Louisville shooting survivor describes seeing shooter, running for his life from downtown bank: 'I could see him still shooting' Kentucky Governor in tears as he reveals 'close friends' among dead
(DBN)

There have already been at least 146 mass shootings in America so far in 2023
(DBN)

Gun deaths among children are soaring Shooting deaths among US kids soared 50% during pandemic
(DBN)

Washington state Senate passes assault-style weapons ban
(DBN)

One mifepristone decision 'runs roughshod’ over procedural issues, the other 'is no better,' law profs say
(DBN)

Next abortion battles may be among states with clashing laws GOP Rep. Nancy Mace says FDA should ignore judge’s decision blocking abortion pill approval Biden administration: Ignoring abortion pill ruling would set "dangerous" precedent Drug Company Leaders Condemn Ruling Invalidating F.D.A. Approval of Abortion Pill Now No Drug is Safe from Judicial Ideologues I Worked at the F.D.A. The Abortion Pill Decision Is Dangerous. More than 200 drugmakers led by Pfizer blast Texas judge's abortion pill decision California stockpiles abortion medication after Texas court ruling Justice Department asks appeals court to pause "extraordinary and unprecedented" abortion pill ruling House Democrats move to protect abortion pill access after Texas ruling Ruling echoes anti-abortion rhetoric Texas Judge’s Abortion Pill Ruling Brings Awful 19th Century Law Back to Life The Hideous Resurrection of the Comstock Act
(DBN)

Urgent warning to electric car drivers as thieves target motors while they’re charging – don’t get caught out
(DBN)

U.S. in crisis mode with allies after Ukraine intel leak
(DBN)

Dwayne Haskins drugged, blackmailed and robbed before death: lawsuit
(DBN)

Ex-JPMorgan exec, a 'key figure' in Jeffrey Epstein trafficking case, can't move trial: Judge
(DBN)

78-year-old woman arrested in third bank heist attempt, police say
(DBN)

Arizona club-hopper nets six-figure settlement after cops wrongfully accused her of hit-and-run, told her she was ‘not entitled’ to lawyer
(DBN)

Grand jury indicts the mother of a 6-year-old boy who shot his Virginia teacher
(DBN)

Lori Vallow killed kids because she wanted ‘sex, money and power’: prosecutor
(DBN)

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Judges:

Ocasio-Cortez: ‘Very difficult’ to see path to impeach Clarence Thomas in GOP-led House Clarence Thomas, a billionaire benefactor and the Supreme Court's ethics crisis Clarence Thomas Decided Against the Staycation 'My Friends Said It Was Okay.' We Should Expect Better Of Our Judiciary The Smearing of Clarence Thomas - WSJ Congress Members Announce Hearing, Demand Chief Justice Investigate Clarence Thomas’ Trips
(DBN)

Why it's unlikely ethics rules on Supreme Court gift disclosures will work
(DBN)

Hochul Names a New Candidate to Become New York’s Top Judge New York Governor Hopes Second Time Is The Charm For Chief Judge Nomination
(DBN)

Former CEO Thinks Bankruptcy Judge's Novel Is Based On Him, Wants A New Judge
(DBN)

How right-wing judges in Texas are erasing Americans' rights everywhere
(DBN)

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Wall Street:

Stock futures rise as March inflation report looms ahead
(DBN)

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Layoffs:

ABC News president out for blood with recent layoffs ABC News president Kim Godwin leading a 'culture of fear' after layoffs: sources
(DBN)

Credit Suisse job cuts must be frozen, Swiss Bank Employees’ Association says
(DBN)

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Kitchenware:

Tupperware stock plunges after warning it could go out of business
(DBN)

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Sports:

Bally Sports Bankruptcy: MLB Files Emergency Motion to Force Diamond to Either Pay the Twins and Guardians or Give Up the TV Rights
(DBN)

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Economy:

Top economist Mohamed El-Erian sounds recession alarms and warns of stagflation after slew of bank failures last month
(DBN)

Fed’s Williams says there are no clear signs of credit crunch
(DBN)

U.S. bank stress has not altered positive outlook for global economy, Treasury official says
(DBN)

Nouriel Roubini on recession: 'US will head to recession as more financial institutions may falter'
(DBN)

IMF: Ultra-Low Interest Rates Set to Return
(DBN)

Musk Wants to Slash Social Security but Doesn't Understand the Math
(DBN)

Inflation expectations are on the rise again
(DBN)

Why a long, shallow recession is more likely than ‘deep and long credit crunch contraction,’ says Mizuho
(DBN)

Bank Turmoil Squeezes Borrowers, Raising Fears of a Slowdown
(DBN)

The resilient job market is finally showing signs of cooling off
(DBN)

U.S. labor market is showing shades of 2019
(DBN)

The Boom-Bust Generation
(DBN)

A worker quitting a 6-figure job so she won't have to return to the office full time says she's a victim of her bosses' productivity paranoia: 'I don't need to be in an office to do my work'
(DBN)

65 percent in new poll against lifting retirement age for Americans in their 20s
(DBN)

Russia is facing stagnating innovation, more dependence on China, and will become a state-led economy as war in Ukraine drags on, economists say Russia posted a $29 billion deficit in the first quarter as energy revenue plummets — and it could spell trouble for the country's military bills Russia's economy is becoming more 'primitive' and war could push it to the same fate as the Soviet Union, says economist targeted by Moscow
(DBN)

In one California city, offering free cash helped fight poverty and COVID
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

A Few Comments on Commercial Real Estate
(DBN)

Housing April 10th Weekly Update: Inventory Increased 0.2% Week-over-week
(DBN)

"Mortgage Rates Have Quickly Erased Last Week's Drop"
(DBN)

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Municipalities:

Revised Plan for Justice System in Mississippi Capital Leaves Same Bitter Divide
(DBN)

Highland Park faces financial emergency with over $19M in unpaid water bills
(DBN)

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Banking:

SVB depositors including Roku and Roblox are under scrutiny from Elizabeth Warren and AOC for their 'unusually cozy' relationships with the failed bank
(DBN)

Lawmakers seek details on ‘unusually cozy’ ties between tech executives and SVB
(DBN)

Ex-SVB bankers on the last days, their departures and what comes next
(DBN)

Audits failed to spot cause of bank collapses: report
(DBN)

What Next for Banks?
(DBN)

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Tech:

Don’t use public phone charging stations: FBI
(DBN)

Elon Musk's ad problems Musk's feud with the media takes a toll on Twitter
(DBN)

Mac shipments fall 40% YoY as Apple takes the biggest hit in PC market
(DBN)

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Healthcare:

Doctor shortages distress rural America, where few residency programs exist
(DBN)

Bankrupt Clovis sells Rubraca rights for up to $135 million Deep Into Bankruptcy Proceedings, Clovis Sells Cancer Med Rubraca
(DBN)

Covid Battle Lines Moving from Emergency Room to Court Room
(DBN)

She became an anti-vaccine icon, and vanished. She's finally ready to talk about it.
(DBN)

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Climate:

The Unequal Racial Burdens of Rising Seas
(DBN)

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Retailing:

Bed Bath & Beyond says shareholders are asking about naked short selling
(DBN)

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Movie Theaters:

Cineworld Formally Files Reorganization Plan, Targets Emerging From Bankruptcy by Mid-Year Cineworld warns it may not be able to stay afloat long enough to exit bankruptcy protection Cineworld Expects Exit From Chapter 11 in Next Three Months, Files Formal Reorganization Plan Cineworld shareholders to be wiped out under plans to restructure cinema group's debts and exit bankruptcy
(DBN)

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Diamonds:

BlueRock Diamonds Unlikely to Be Considered a Going Concern
(DBN)

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Crypto:

‘Such Is Life:’ FTX Says SBF and Execs Joked About Misplacing Millions of Dollars Sam Bankman-Fried ‘joked’ about Alameda Research losing $50M: ‘Such is life’
(DBN)

FTX's Cybersecurity Was Hilariously Bad
(DBN)

FTX’s bankruptcy lawyers and advisers pocket $32.5M in February
(DBN)

New tax rules could mean a US exodus for crypto companies
(DBN)

FTX's first interim report since bankruptcy reveals massive failures in management, finance and security
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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:

BK NV: Updated Case Filing Statistics
(DBN)

All Forms of Bankruptcy Up in March
(DBN)

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Mass Torts:

J&J Talc Suits’ Outside Funders Unveiled Via Little-Used NJ Rule
(DBN)

J&J talc unit second bankruptcy must be dismissed, cancer victims' lawyers say Johnson & Johnson's $8.9B bankruptcy settlement is 'unworkable,' talc plaintiff lawyer says
(DBN)

Dioceses are filing for bankruptcy due to volume of sexual abuse cases
(DBN)

Alex Jones in Terlingua looking for land?
(DBN)

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Appeals:

Lexmark’s Shadow: The Future of the “Person Aggrieved” Test for Bankruptcy Appellate Standing
(DBN)

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Aviation:

Nasdaq plans to delist Virgin Orbit following bankruptcy filing
(DBN)

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Footwear:

Popular Sneaker Chain Files for Bankruptcy
(DBN)

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Politics:

Joe Biden on presidential run in 2024: ‘I plan on running’
(DBN)

Not if, but when for Newsom White House run How can Democrats win the culture wars? Look to Newsom's red-state tour
(DBN)

Senate GOP wants Trump to stay away from 2024 races as his legal woes mount
(DBN)

GOP embraces a new foreign policy: Bomb Mexico to stop fentanyl
(DBN)

Trump discourages DeSantis, says candidacy would ‘only hurt’ Republican Party As Trump dominates the airwaves, ‘it feels like 2016’ An indicted Trump once again posted a bizarre Truth Social holiday greeting, this time wishing a happy Easter to 'MARXISTS, & COMMUNISTS WHO ARE KILLING OUR NATION' Trump Ignores Deadline for Personal Financial Disclosure to F.E.C. The Republican Predicament Probably Worsens In May
(DBN)

GOP's stormy 2024 outlook
(DBN)

DeSantis Pushes Toughest Immigration Crackdown in the Nation What Freedom Means to Ron DeSantis
(DBN)

Wisconsin race cements abortion as galvanizing issue for Democrats After Finding That Voters Hate Their Abortion Policies, The GOP Floats A New Plan: Nullification!
(DBN)

Days after rejecting a bill to expand free school lunch for the state's neediest students, North Dakota senators voted to increase their own meal reimbursements
(DBN)

Hounded by baseless voter fraud allegations, an entire county's election staff quits in Virginia
(DBN)

Ousted Black lawmaker could soon return to Tennessee House Why the anti-democratic expulsions of two Tennessee Democrats might be short-lived
(DBN)

Governor Abbott: One Angry Man
(DBN)

Americans Are Convinced That Race Relations Are Bad. The Data Says the Opposite
(DBN)

Urine-Drinking Anti-Vaxxer Is Denied His Dinner With Donald Trump Jr. and Dad at Mar-a-Lago
(DBN)

Could Jim Jordan Be In Legal Hot Water For Political Stunt?
(DBN)

____________

Russia:

Putin may be preparing to bring Russia's prized bomber jets to the war on Ukraine after leaked military intelligence found Ukrainian air power will 'be completely reduced' by June, report says
(DBN)

Ukraine suggests Russia altered leaked US intelligence documents
(DBN)

Putin's 45-mile-long 'mega trench': Russian troops dig huge defensive fortification visible from space as they prepare for Ukrainian counterattack
(DBN)

Ukraine, Russia exchange more than 200 troops in prisoner swap
(DBN)

Lethal Surprises Hidden in the Grass: Russia’s Trip Wires and Land Mines
(DBN)

Ukraine’s Leopard Tank Crews Are Trained and Ready to Fight
(DBN)

"We'll all be killed": Ukraine town fears another Russian occupation
(DBN)

____________

China:

US Navy Challenges Beijing in South China Sea Amid Taiwan Drills Navy destroyer sails near key man-made island in South China Sea Chinese state TV shows chilling Taiwan invasion blitz video as Beijing’s forces practice sealing off island China military ‘ready to fight’ after drills near Taiwan
(DBN)

China blasts WHO chief over ‘offensive’ comments on COVID-19 origin search
(DBN)

China sentences 2 prominent human activists to lengthy prison terms
(DBN)

____________

MENA:

The Three Biggest Misconceptions About Israel’s Upheaval
(DBN)

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France:

Twice as many French companies will go bust as British ones, forecasts reveal
(DBN)

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Estonia:

The highly anticipated establishment of the Insolvency Division in Estonia aims to bring more efficiency to bankruptcy proceedings
(DBN)

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