April 24, 2023

The Daily Bankruptcy News

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Law:

Big drop in bar exam pass rates for New York, Florida, Texas and elsewhere
(DBN)

Top cop a cult icon after ripping into neo-Nazi group terrorizing Jewish locals
(DBN)

Will Fox settlement alter conservative media? Apparently not Fox News faces new legal threat from Smartmatic We've solved the mystery of Smartmatic’s funding in $2.7 bln Fox case The Derivative Suit Against the Fox Board Just Got a Lot More Interesting
(DBN)

Trump Team Texts Are 'Stronger Evidence' of Georgia Crime: Ex-Prosecutor
(DBN)

Pence says he’ll ‘tell the truth’ before Jan. 6 grand jury
(DBN)

MAGA lawyer recorded while discussing ways to suppress the youth vote
(DBN)

The Threat of Civil Breakdown Is Real
(DBN)

Rape lawsuit trial puts spotlight back on Trump and women
(DBN)

House Republicans, Manhattan DA end fight over Trump inquiry
(DBN)

Hunter's Lawyers to Meet with DOJ Next Week
(DBN)

Airman Jack Teixeira leaked intelligence documents to larger group, report says
(DBN)

Frequent shootings put US mass killings on a record pace
(DBN)

Florida police decline to make arrests after neighbor shoots at grocery delivery car
(DBN)

8 people shot, including 12-year-old, in Washington, D.C.
(DBN)

Gunfire erupts at after-prom party, leaving nine injured, Texas officials say
(DBN)

Michigan passes 3 gun safety laws, and lawmakers say they're not done yet: 'We don't have to live like this'
(DBN)

“Shoot first, ask questions later”: The danger of stand your ground laws
(DBN)

After Front Door Shooting, Kansas City Grapples With Race
(DBN)

What Should Christians Do About Guns?
(DBN)

It was a violent week in America. That’s become the norm.
(DBN)

Gun Violence Is Actually Worse in Red States. It’s Not Even Close.
(DBN)

Gun Idolatry Is Destroying the Case for Guns
(DBN)

Mogul Sues After Miami Billboard Brands Him the Next Epstein
(DBN)

Mexico migrant camp tents torched across border from Texas Biden is ignoring immigration issues, voters say in poll As the end of Title 42 nears, Congress is no closer on immigration overhaul
(DBN)

Newsom sending National Guard to SF to help with fentanyl crisis
(DBN)

Abbott Aims to Pardon Racist Murderer Who Sent Explicit Texts to Apparent Minor
(DBN)

Outrage as Florida Republicans pass ‘fascist’ bill to remove trans kids from parents’ custody
(DBN)

Florida drag performers balance pain and defiance as anti-LGBTQ+ laws loom
(DBN)

NAACP sues after Mississippi expands control over law enforcement in Jackson
(DBN)

Northern Kansas City, where Ralph Yarl was shot, has a problem with race, some residents say
(DBN)

Gun in fatal on-set 'Rust' shooting was mechanically improper, source says
(DBN)

This ‘Disney Dad’ Pastor Is Now FBI’s Most Wanted
(DBN)

DoorDash driver kidnapped and assaulted by man while attempting delivery at Tampa hotel DoorDash driver kidnapped, raped by creep who fired at family who came to rescue her
(DBN)

Faith lifted Pittsburgh Jews in long wait for massacre trial
(DBN)

My Synagogue Was Attacked, but That’s Not What Scares Me Most
(DBN)

Jewish student with autism had swastika carved onto his back, mother says
(DBN)

______________

Judges:

Bankruptcy Judgeship Vacancy – Southern District of Illinois
(DBN)

Bankruptcy Judge Diane Finkle Appointed Chief Judge of the Bankruptcy Appellate Panel
(DBN)

Judge stays on Catholic bankruptcy despite church donations US judge who ruled in favor of church in key abuse case donated to archdiocese
(DBN)

Chief Justice John Roberts’ Mockery of Stalking Victims Points to a Deeper Problem
(DBN)

Skadden Adds Former SDNY Bankruptcy Court Judge Robert D. Drain As Of Counsel In New York
(DBN)

Supreme Court maintains abortion pill access for now as legal fight continues The Supreme Court Stopped Short of a Radical Act What’s next for abortion pill after Supreme Court’s action Samuel Alito used his dissent in the abortion pill ruling to call out 3 justices in an act of judiciary 'theater,' SCOTUS expert says In Abortion Pill Ruling, the Supreme Court Trades Ambition for Prudence They ran an underground abortion network in the 1960s. Here's what they want you to know The Supreme Court that overturned Roe v. Wade now takes it slow on abortion
(DBN)

Judge Savages Kacsmaryk Ruling While Siding With Maker Of Generic Mifepristone
(DBN)

Details about multimillion-dollar stock holding concealed in abortion pill judge’s financial disclosures
(DBN)

Our Victorian Supreme Court
(DBN)

Alito: ‘Legitimate doubts’ Biden admin would have obeyed unfavorable abortion pill ruling
(DBN)

Chief Justice John Roberts punts on request to investigate Clarence Thomas
(DBN)

Durbin: Clarence Thomas would have ‘ignored’ invitation to testify on ethics Justice Thomas gifts scandal highlights 'double standard' for ethics in government
(DBN)

The Stealth Impeachment of Judge Newman in the Federal Circuit
(DBN)

______________

Wall Street:

Stock futures fall as Wall Street awaits tech earnings
(DBN)

Animated Chart: The S&P 500 in 2023 So Far
(DBN)

US stocks rise but close lower for the week as investors mull mixed bag of corporate earnings
(DBN)

IPO Market Shows Signs of Life Even as Recession Fears Persist
(DBN)

Stock market forecasts are getting grimmer as recession risks loom. Here are the latest calls from Mike Wilson, Jeremy Grantham, Jeremy Siegel and other experts.
(DBN)

______________

Layoffs:

Google CEO's Pay Soars to $226 Million amid layoffs! More than 800 times median employee's salary
(DBN)

Clorox to cut 4% of non-production workforce
(DBN)

Deloitte to Cut 1,200 Jobs in the US
(DBN)

Meta is one of the most brutal tech job-choppers so far, axing about a quarter of employees
(DBN)

A former Meta recruiter paid about $200,000 a year says her team 'did nothing' as there 'really wasn't enough work:' report
(DBN)

Tech companies are finally firing tech workers
(DBN)

When did mass layoffs become so normal?
(DBN)

Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
(DBN)

______________

Healthcare:

Beverly Hospital in Montebello files for bankruptcy in effort to avoid closure
(DBN)

For transgender kids, a frantic rush for treatment amid bans
(DBN)

Missouri to restrict gender-affirming care for trans adults FactCheck: Missouri’s attorney general has a website “where people can report trans individuals and the people who help them.”
(DBN)

Health care access for trans youth is crumbling — and not just in red states
(DBN)

New theories of possible link between Covid vaccines and tinnitus are emerging
(DBN)

____________

Autos:

Major Tesla investors instruct board to keep 'overcommitted' Elon Musk on short leash Why one investor says Elon Musk's reign as CEO of Tesla, Twitter, and SpaceX may be 'entering the end game' Cheaper Teslas are hurting profits, but Elon Musk plans to keep slashing prices. Here’s why.
(DBN)

Tesla's Autopilot never claimed to be self-pilot -juror
(DBN)

Tesla's market share in California plunged despite slashing prices this year, report says
(DBN)

China doesn't want American cars anymore — that's bad news for Ford and GM
(DBN)

Video shows passengers in driverless car reacting to police officer gesturing to pull over: 'We're sorry, this car won't let us move!'
(DBN)

____________

Banking:

SVB CEO, CFO resign, co appoints turnaround expert as interim finance head
(DBN)

Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse Credit Suisse's Q1-2023 numbers make it even more difficult for UBS to effect a turnaround Credit Suisse Investors Challenge Switzerland’s $17 Billion Bond Write-Down - WSJ
(DBN)

Why the Banking Mess Isn’t Over - WSJ
(DBN)

People aren't giving banks free money anymore
(DBN)

US Bank Deposits Fall $76.2 Billion, Led by Large Institutions
(DBN)

Credit Suisse investors sue after facing billions in losses
(DBN)

____________


Economy:

How the White House sees its debt ceiling standoff with McCarthy Leaving drama behind, GOP warms to McCarthy in debt fight Inside the GOP maneuvering to pass something on the debt ceiling Key Democrat fears only a market crash will resolve debt limit impasse Treasury's Tax Shortfall Brings US Showdown Crisis Closer One reason the debt fight is getting awkward for Republicans Biden Blasts GOP Debt Plan
(DBN)

Fed Officials on Track to Hike Rates and Signal Potential Pause Fed Officials Back Another Hike While Watching Banking Fallout
(DBN)

Jeremy Grantham warns US house prices will drop, the S&P 500 could plunge 52%, and more banking problems may lie ahead
(DBN)

U.S. Debt: Visualizing the $31.4 Trillion Owed in 2023
(DBN)

The bad loan term that’s back for banks trying to spot a recession
(DBN)

Return To Pandemic Hunger Levels Could Signal Economic Fragility
(DBN)

When Will I Retire? How About Never - WSJ
(DBN)

The bizarre true story of the last time America raised its retirement age
(DBN)

The global economy's slow-motion reset
(DBN)

US Inflation Seen Coming Down Much Faster Due to Tighter Credit After Bank Failures
(DBN)

Markets are eerily calm after the banking chaos - but tightening credit and tumbling earnings could reignite volatility, UBS says
(DBN)

From cooling inflation to a looming recession, here's what CEOs of the 5 largest US banks are predicting for the economy through 2023
(DBN

Charting the Global Economy: China to Power World’s Growth
(DBN)

EU Set to Propose Banning Many Goods From Transiting Via Russia Russian billionaires see wealth rise to over half a trillion dollars Russian diesel exports hit record highs as the sanctioned fuel cuts into the US market share Russia is landing new buyers for its sanctioned diesel all over the world and Brazil's taking advantage of the steep discounts.
(DBN)

They’re the Happiest People in America. We Called Them to Ask Why.
(DBN)

America's "backache" economy: Things could be lots worse
(DBN)

Global balance of population and power is shifting
(DBN)

RFK Jr. claims middle class was ‘systematically’ wiped out under COVID lockdowns
(DBN)

World military spending rises to record as insecurity swells
(DBN)

‘It can be incredibly profitable’: the secret world of fake online reviews
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Rise in US Foreclosures Is Less Steep on Dollar-Value Basis
(DBN)

Homeowner heist? Supreme Court to decide limits of property seizures to satisfy tax debts
(DBN)

Biden Raises Mortgage Cost for Good Credit Buyers
(DBN)

Americans Escaping Pricey Cities Bring Higher Housing Costs, Inflation With Them - WSJ
(DBN)

Gen Z is buying up homes. How they got so lucky — and millennials got screwed.
(DBN)

Housing prices take some buyers out of the market
(DBN)

Where are all the apartments for families?
(DBN)

The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit
(DBN)

____________

Municipalities:

Civil rights on hold? Chester’s bankruptcy freezes all litigation against the city
(DBN)

____________

Oil/Gas:

How Oil Might Go to $200
(DBN)

Oil & Gas In The Age Of Climate Change
(DBN)

Chinese EV Dominance Hastens End Of Petrol Engine Era
(DBN)

Are electric or gas-powered cars a better deal? EVs may win, experts say
(DBN)

____________

Politics:

In thriving Michigan county, community goes to war with itself
(DBN)

Abortion is now political Kryptonite for Republicans Lost on abortion politics, Republicans struggle for a solution Lindsey Graham Erupts at CNN’s Dana Bash in Tense Exchange Over Abortion Access Losing Ballot Issues on Abortion, G.O.P. Now Tries to Keep Them Off the Ballot The Anti-Abortion Messages Haunting Florida’s Highways Mike Pence wants mifepristone removed from market to "protect the unborn"
(DBN)

Trump defends push to restrict abortion rights after rebuke
(DBN)

Gen Z and millennials are changing the rules on voting expectations — and the political landscape
(DBN)

MAGA Pollster: DeSantis Leading Biden -- And Biden Leading Trump
(DBN)

Whopping 70 Percent Think Biden Shouldn’t Run Again, Days Before He’s Set to Announce Reelection Bid
(DBN)

Majorities don’t want Biden, Trump to run in 2024: survey
(DBN)

DeSantis may have overreached when he went to war with Disney, and Trump smells blood in the water DeSantis’s Puddin’ Head Campaign How Trump turned the tables on DeSantis Inside the collapse of Ron DeSantis’ presidential campaign Trump looms over DeSantis despite voters craving new 2024 candidates: Polls
(DBN)

FactCheck: Florida has “the second lowest tax burden per capita in the United States.”
(DBN)

Longtime Trump ally Laxalt joins PAC supporting DeSantis
(DBN)

Trump Wants to End DeSantis’s 2024 Campaign Before It Even Begins
(DBN)

Inside the final days before Biden announces his reelection bid Five questions as Biden readies for his reelection launch Why Biden world cares — a lot — about when he announces his reelection
(DBN)

How do Americans feel about Trump-Biden rematch? 'Exhaustion'
(DBN)

44% of REPUBLICANS don't want Donald to run again; 63% of independents Nearly 70% of GOP voters stand behind Trump amid indictment, investigations
(DBN)

Trump hands out pizza and asks ‘does anyone want a piece that I’ve eaten?’
(DBN)

Trump: ‘Nixon had no support … I have great Jim Jordan’
(DBN)

Ohio Senate candidate calls for reparations for white people
(DBN)

Christie boasts he's only one who can take down ex-president
(DBN)

Montana transgender lawmaker silenced: What to know
(DBN)

Florida drag performers balance pain and defiance as anti-LGBTQ+ laws loom...
(DBN)

Greene silencing leads to new pledges of civility
(DBN)

____________

Climate:

Extreme weather is nearly universal experience, poll indicates
(DBN)

Fort Lauderdale floods highlight climate risks to South Florida
(DBN)

Severe storms threaten the East Coast with hail, wind, tornadoes
(DBN)

Charted: Droughts across America
(DBN)

Thai authorities issue extreme heat warnings as temperatures top 100
(DBN)

UN: Melting of Glaciers Off the Charts
(DBN)

Biden admin preparing major crackdown on power plants that fuel nation's grid
(DBN)

Armadillo invasion: Why the creatures are rapidly moving north
(DBN)

____________

Education:

Alabama education director ousted over ‘woke’ training book
(DBN)

Book bans are soaring in U.S. schools, fueled largely by new laws in Republican-led states
(DBN)

Florida is slimming down its plan to take on “woke” colleges — but not by much
(DBN)

Ten Commandments would be required in public schools under bill passed by Texas Senate
(DBN)

"Unprecedented" wave of fake threats at schools causes terror
(DBN)

____________

Sports:

Bally Sports Bankruptcy: Judge Tells Diamond To Pay Half of What It Owes to MLB Clubs, Pending Restructure The Regional Sports Network Crisis: Judge Orders Diamond Sports to Make Partial Team Payments
(DBN)

____________

Awards:

MACCO Restructuring Group wins Sale of the Year awarded by the American Bankruptcy Institute for the successful sale of the La Muralla IV, a purpose-built semi-submersible drilling rig
(DBN)

____________

Food/Beverage:

Restaurants expected to post strong earnings, but signs of trouble may emerge
(DBN)

____________

Labor:

The conservative campaign to rewrite child labor laws
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (91 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

US Corporate Credit Crunch Means Bankruptcies, Rising Defaults
(DBN)

______________

Sales:

Supreme Court rules section 363(m) limitations on bankruptcy sale appeals not jurisdictional
(DBN)

Supreme Court Decides MOAC Holdings LLC v. Transform Holdco LLC, et al.
(DBN)

____________

Trustees:

BK ND AL Seeks Ch. 7 Trustee
(DBN)

____________

SPACs:

As SPAC Boom Subsides, Some De-SPACed Companies Seek Chapter 11 Protection
(DBN)

____________

Mass Torts:

Sacklers Gave Millions to Institution That Advises on Opioid Policy
(DBN)

Judge Refuses to Recuse Himself from New Orleans Archdiocese Bankruptcy Matters
(DBN)

____________

Bankruptcy Remoteness:

Delaware Bankruptcy Court Upholds Creditor’s Proxy Rights
(DBN)

____________

Aviation:

New reports say business travel isn’t going back to normal — ever
(DBN)

Why SpaceX doesn’t see its rocket explosion as a failure Giant SpaceX rocket leaves crater, serious damage at Texas base
(DBN)

American Airlines flight forced to return to airport after engine catches fire
(DBN)

Air Moldova Attempts to Restart Services After Suspension
(DBN)

____________

Celebs:

Elon Musk Figured Out the Media’s Biggest Weakness CNBC Stock Analyst Drops Brutal Rant On Elon Musk’s Business Problems: He’s ‘Entering the Endgame’ Elon Musk Sells Tucker Carlson His Conservative Vision of Progress
(DBN)

____________

Retailing:

Bed Bath & Beyond files for bankruptcy protection Bed, Bath & Beyond Plans to Swiftly Liquidate, Shutter Stores Bed Bath & Beyond files for bankruptcy How Bed Bath & Beyond lost the fight to stave off bankruptcy Bed Bath & Beyond files for bankruptcy After 52 Years, Why Bed Bath & Beyond Went Bankrupt Bed Bath & Beyond files for bankruptcy protection after long struggle, begins liquidation sale Bed Bath & Beyond, Meme Stock Favorite, Plummets After Chapter 11 Bankruptcy Filing You've only got a couple of days left to use Bed Bath & Beyond coupons after the retailer filed for bankruptcy Equity Holders Likely To Be Wiped Out In Bed Bath & Beyond Bankruptcy Bed Bath & Beyond Disappears Bed Bath & the great Beyond: How the home-goods giant went bankrupt
(DBN)

Retail store closures 'to sharply accelerate going forward': UBS research
(DBN)

How A.I.-powered robots are changing retail
(DBN)

____________

Religion:

Conservative Anglicans Call for Break With Archbishop of Canterbury Over Same-Sex Blessings - WSJ
(DBN)

The Surprising Surge of Faith Among Young People - WSJ
(DBN)

____________

Student Debt:

No greenlight for Biden’s student loan forgiveness plan, experts predict
(DBN)

____________

Tech:

These celebrities ‘subscribed to Twitter Blue.’ Except they’re dead Twitter’s blue check-mark drama gets even stupider Elon Musk, Stephen King tussle on Twitter over blue checks Twitter’s posthumous blue checks look a lot like necro-advertising, the legally questionable marketing strategy that uses dead celebrities to boost sales Here's some of the best memes about Elon Musk's Twitter Blue chaos "Verified" becomes a badge of dishonor
(DBN)

____________

Media:

The Crisis of the Loss of Local News Outlets
(DBN)

Why BuzzFeed joined Gawker in the internet news graveyard
(DBN)

____________

Water:

Water Theft Proves Lucrative in a Dangerously Dry World
(DBN)

____________

Crypto:

Virtual Collateral 101: How to Take and Enforce Security Over Cryptocurrencies, Crypto-Assets and Central Bank Digital Currencies
(DBN)

Former US secret service agent cites crypto crime to back anonymity for FTX creditors
(DBN)

FTX reboot: ‘I don't see how it's possible,' says a skeptical Scaramucci
(DBN)

Celsius auction set for Tuesday, Coinbase and Gemini join bidding for bankrupt firm
(DBN)

The Crypto Detectives Are Cleaning Up
(DBN)

Canada's Biggest Pension Fund To Ditch Crypto Following $95 Million FTX Wipeout
(DBN)

Cryptocurrency Not Recognized as Money, Singapore High Court Rules
(DBN)

Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show
(DBN)

____________

UK:

Brits warned they are not saving enough for retirement and face a ‘risky’ future
(DBN)

____________

Canada:

Ernst & Young Inc v Aquino: Attributing Fraudulent Intent to a Defrauded Corporation
(DBN)

The Bixi Matter: the Postponement of an Equity Claim Based on a Secured Loan Declared Null
(DBN)

Hitting reverse: B.C. Court refuses to grant a reverse vesting order
(DBN)

____________

Australia:

Small Business Restructuring
(DBN)

____________

Ireland:

Deloitte: Insolvencies rise but no major shake-out from pandemic and rising interest rates
(DBN)

____________

Hungary:

Budapest Blames Orban for Pushing City to Brink of Bankruptcy
(DBN)

____________

Russia:

Russia expels at least 20 German diplomats
(DBN)

Russia Pounds Cities Across the Country, Ukraine Says
(DBN)

US to begin training Ukrainian troops on Abrams tank
(DBN)

The Kremlin wants ‘real men’ to prove themselves by joining the fight in Ukraine
(DBN)

How Ukraine is preparing for a ‘Big Bang’ strike to retake Crimea, bulldoze the Russians and humiliate Vladimir Putin So what’s the deal with Ukraine’s spring offensive? Ukraine’s arsenal of tanks, weapons grows as it prepares for spring offensive
(DBN)

Russia running the U.N. Security Council is going about how you’d expect
(DBN)

Ukrainian officials sought pathway to victory with allies at Ramstein meeting
(DBN)

____________

China:

Evergrande's $1.2 Billion Onshore Bondholders to Vote on Offshore Restructuring Plan on Wed
(DBN)

China’s Ambassador to France Says Ex-Soviet States Lack Basis for Sovereignty - WSJ
(DBN)

____________

Sudan:

Sudan's rival generals "hold country hostage" as battle of egos turns deadly
(DBN)

US evacuates diplomats, shuts embassy in violence-torn Sudan
(DBN)

Sudanese Help One Another Find Medicine, Water As State Collapses Into War
(DBN)

The Violence in Sudan Is Partly Our Fault
(DBN)

Americans trying to flee Sudan are hiring private security companies to get out of the civil war zone after the US said no military evacuation is coming US government offers help to 16,000 Americans living in Sudan
(DBN)

____________

Mexico:

Why so many top Republicans want to go to war in Mexico
(DBN)

____________


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