April 25, 2023

The Daily Bankruptcy News

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Law:

Biglaw Firms Grappling With How To Get Associates Back Into The Office
(DBN)

How Many Wachtell Lawyers *Does* It Take...
(DBN)

Greenberg Traurig Expands Restructuring & Bankruptcy Practice in Texas; Adds David R. Eastlake in Houston
(DBN)

O’Melveny Welcomes Acclaimed London Corporate Finance and Restructuring Partner Greg Campbell
(DBN)

Massive Bar Exam Fail: NY Bar Results Announced At Midnight... But No One Turned On The Ability For Examinees To Log In To See Them
(DBN)

Irregular hours could be detrimental to solo lawyers’ mental health, new Clio report says
(DBN)

T14 Law School Is One Of First To Set Guidelines For Student Use Of ChatGPT
(DBN)

The Biglaw Firms Willing To Pay For Twitter Verification
(DBN)

Lawyer Convicted Of Flashing Schoolgirls; Barred From Wearing Short Shorts While Exercising In Public
(DBN)

U.S. News Removes Preview Of T14 Law Schools Amid Rankings Disorder U.S. News Indefinitely Postpones Law And Medical School Rankings Amid Backlash
(DBN)

Rankings Schadenfreude — Elite Law Schools Boycotted U.S. News But Now May Be Paying A Price
(DBN)

BigLaw Bias: To Represent Conservative Clients, Top Lawyers Often Forced To Leave Their Firms
(DBN)

Trump supporter who went into hiding over a Jan. 6 conspiracy theory says Tucker Carlson is 'obsessed' with him
(DBN)

Georgia DA: Any charges against Trump and allies will be announced this summer
(DBN)

Michael Cohen appeal: Ex-Trump fixer claims lawsuit dismissal lets POTUS jail 'political enemies'
(DBN)

Prosecutors close seditious conspiracy case against Proud Boys leaders Prosecutor: Proud Boys viewed themselves as ‘Trump’s army’
(DBN)

Amid Legal Onslaught, Trump Faces Writer’s Suit Accusing Him of Rape Trump lawyers have their hands full with 'uncoachable' client in rape trial: legal expert Trump has failed twice to block testimony of People magazine accuser from E. Jean Carroll rape trial Trump Is Losing the E. Jean Carroll Rape Case Even Before It Starts
(DBN)

How election lies, libel law were key to Fox defamation suit 3 Final Thoughts On Dominion v. Fox Fox's Dominion Settlement Unlikely To Cost It $787.5 Million
(DBN)

Michael Cohen Is Getting Dragged Into Yet Another Trump Case
(DBN)

Hunter Biden's lawyer fires shot at 'unhinged' Marjorie Taylor Greene
(DBN)

3,000 migrants begin protest march in Mexico
(DBN)

Death penalty trial begins in 2018 killing of 11 at Pittsburgh synagogue What to Know as the Tree of Life Massacre Trial Begins
(DBN)

Anti-domestic violence and gun groups unite to urge Supreme Court to reverse domestic violence ruling
(DBN)

The State of Democracy Around the World
(DBN)

Former prosecutor gets prison time for stalking by subpoena
(DBN)

Neighbor turned himself in for shooting girl and her dad over basketball rolling onto his lawn: Cops
(DBN)

The ‘Dallas-Fort Worth Hamptons’ rocked by ‘gut-wrenching’ tapes of sheriffs joking about killing journalists and lynching Black people
(DBN)

A Nashville senior was banned from prom for a suit, so a local business stepped in
(DBN)

DNA from coffee cup links ‘avid golfer’ to decades-old rape cases on courses in 2 states: Cops
(DBN)

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Judges:

How many scandals will it take for DOJ to investigate Clarence Thomas? Sen. Wyden asks billionaire Harlan Crow for list of gifts to Supreme Court Justice Thomas Judicial record undermines Clarence Thomas defense in luxury gifts scandal Clarence Thomas, Harlan Crow and Supreme Court Ethics Justice Clarence Thomas and the Plague of Bad Reporting - WSJ Stuck with a justice who doesn't follow the law Thomas’s Billionaire Friend Had Business Before Supreme Court
(DBN)

Supreme court justices believe they are exempt from rules, top Democrat says
(DBN)

What Scalia’s Defense of a Free Jet Trip Says About Thomas’s Travels
(DBN)

Alito 'packed a lot of grievance' in dissent as Supreme Court allows access to abortion pill—for now Samuel Alito Is Big Mad Supreme Court Grants Stay In Abortion Pill Case
(DBN)

The Supreme Court Isn’t Done With Abortion. Not by a Long Shot
(DBN)

Judge who blocked access to abortion pill has unusual redaction in financial disclosure forms
(DBN)

Supreme Court to examine public officials blocking people on social media
(DBN)

Who Is Judge Lewis Kaplan? Man Set to Preside Over Donald Trump Rape Case
(DBN)

Democrats press Michael Chertoff for answers about Supreme Court’s investigation into leaked abortion opinion
(DBN)

The Feinstein absence is not the Democrats’ biggest judges problem
(DBN)

Blind people say ride share drivers discriminate, refuse to take guide dogs
(DBN)

Sotomayor scolds SCOTUS justices for 'indefensible decision' in death penalty case
(DBN)

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Wall Street:

Stock futures dip as traders pore through key earnings reports
(DBN)

Stocks are flashing bullish signals as the economy heads for disinflation this summer, Fundstrat says
(DBN)

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Layoffs:

Disney begins second, larger round of layoffs, bringing total to 4,000 jobs cut
(DBN)

Hundreds of Insider Staffers to Walk Off Job Over Proposed Layoffs
(DBN)

CT universities could face 650 layoffs
(DBN)

Red Hat cutting hundreds of jobs
(DBN)

Mass layoffs weaken cyber security in financial industry
(DBN)

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Media:

Tucker Carlson and Fox News part ways The Cancellation of Carlson Tucker Carlson leaves Fox News in wake of Dominion defamation settlement Tucker Carlson OUT at Fox News in Shocking Shakeup In a Lawsuit, Tucker Carlson Is Accused of Promoting a Hostile Work Environment Paper: Exit related to new discrimination suit Fox Fired ‘Uncontrollable’ Host Tucker Carlson, Who Badmouthed Bosses Why Tucker Carlson’s Exit From Fox News Looks Like an Execution Trump ‘shocked’ to hear of Tucker Carlson’s departure from Fox News Trump Jr. slams Fox News over Carlson exit: This ‘changes things permanently’ Tucker Carlson’s Great Replacement 'Blindsided' Tucker Carlson 'still has been given no reason why he was fired' Tucker Carlson: The Biggest Allegations From Recent Lawsuits There's no indication that Carlson's departure is tied to the Dominion settlement Fox Corporation sheds $930 million in market value after announcing Tucker Carlson is leaving the news network Tucker Carlson parts ways with Fox News. These are some of his most consequential falsehoods. The Tucker Carlson origin story Tucker Carlson seemed to have no idea he was hosting his last show on Fox News, and ended it by eating a sausage and pineapple pizza Tucker Carlson’s Fox News ouster dismays GOP Fox News Staffers Celebrate Tucker Carlson’s Departure: ‘Pure Joy’ Tucker Carlson producer's discrimination claims go beyond Dominion scandal Now what for Tucker Carlson? Now what for Fox News? Five possible reasons Tucker Carlson and Fox News are parting company Lawmakers are worked up about Tucker Carlson’s exit from Fox News Tucker Carlson’s Exit Shows Who’s the Real Star at Fox Russia State Media Offers Tucker Carlson a Job
(DBN)

Don Lemon says he has been fired from CNN CNN, Don Lemon part ways weeks after Nikki Haley comments CNN blasts Don Lemon for 'inaccurate' claim about his firing
(DBN)

All of the Fallen Fox News Stars
(DBN)


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Climate:

State leaders targeting climate investing have financial stakes in fossil fuel
(DBN)

Biden’s newest big climate rule will rest on rarely used technology
(DBN)

Supreme Court deals blow to oil companies by turning away climate cases
(DBN)

Fears grow as floodwaters threaten to drown this California city and prison complex
(DBN)

Trump’s latest false climate figure is off by more than 1,000 times
(DBN)

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Tax:

Miles Burton Marshall owes over 92 million dollars to his creditors
(DBN)

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Economy:

‘Nobody knows when it’s going to happen’: Wall Street wakes up to default threat 'We will pass it': McCarthy whipping debt limit bill Brace for a bumpy debt-limit descent. But the 'when' is still up in the air Hillary Clinton: Republicans’ stance on debt ceiling plays into hands of Putin, Xi Republicans race to secure support for debt ceiling package Lead Appropriations Democrat: Proposed GOP spending cuts ‘should outrage all of us’ McCarthy says Biden is ‘afraid to even negotiate’ about budget, debt ceiling Republicans worry as hardliners push for more debt ceiling concessions Debt-limit plan won't be changed, House GOP leaders tell holdouts Senate GOP bemoans McCarthy plan to punt debt ceiling to election year

(DBN)

The four-day workweek is just the start: Experts say it should be even shorter
(DBN)

U.S. spent more on military in 2022 than next 10 countries combined
(DBN)

Reverse ATMs take bills, dispense cards as stores go cashless
(DBN)

Club for Growth knocks Trump on Social Security plan
(DBN)

States Where Employers Are Struggling the Most in Hiring
(DBN)

Meet the young couples shunning babies so they can afford luxury vacations to Bora Bora, impromptu date nights and splurges at Costco
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing April 24th Weekly Update: Inventory Increased 2.1% Week-over-week
(DBN)

The housing market is close to bottoming and that will help the US avoid a bad recession, Morgan Stanley says
(DBN)

Commercial Real-Estate Woes Run Deeper Than in Past Downturns - WSJ
(DBN)

Cities reviving downtowns by converting offices to housing
(DBN)

Bed Bath & Beyond’s Demise Creates Fresh Opportunities, Retail Landlords Say - WSJ
(DBN)

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Municipalities:

Puerto Rico board chair says PREPA payout remains unclear
(DBN)

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Oil/Gas:

Supreme Court declines Exxon, Chevron push to move state lawsuits to federal court
(DBN)

Support for Slashing Fossil Fuel Use Steady at 58% in U.S.
(DBN)

Toyota’s new president vows to step up electric vehicle push
(DBN)

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Politics:

2024 Republicans run into political buzz saw on abortion
(DBN)

DeSantis Appears Caught Off Guard By Question of Trump Trouncing Him in Polls Ron DeSantis’ Culture War Is Turning Republicans Off Some DeSantis allies feel growing urgency to launch 2024 bid Major Republican Donor's Commitment to DeSantis Murkier Than Thought DeSantis vs. Disney feud divides GOP over attacks on ‘woke’ companies
(DBN)

Not Only The Left. Now Conservatives Embrace Boycotts and Regulations
(DBN)

The keys to a hypothetical Tucker Carlson 2024 campaign
(DBN)

Biden's campaign team begins taking shape
(DBN)

Biden’s approval rating drops among young Americans to 36%: poll
(DBN)

Biden announces 2024 reelection bid Biden-Trump rematch is coming closer to reality
(DBN)

Susan Rice to step down as domestic policy adviser
(DBN)

GOP senator criticizes Fox News interviews with Trump
(DBN)

Trump Called ‘Four-Time Loser’ by GOP Governor
(DBN)

Robert Reich urges secretaries of state to refuse to put Trump’s name on 2024 ballots
(DBN)

Trump’s GOP rivals struggle to break through as former president cements frontrunner status
(DBN)

GOP senators warn Trump’s legal problems a ‘bad look’ for the party in 2024
(DBN)

GOP candidates pitch Iowa evangelicals with promises to restrict transgender and abortion rights
(DBN)

Lindsey Graham repeats false claim that Democrats support 'abortion at the moment of birth'
(DBN)

The Confederate governor: Kay Ivey promised to do better. She hasn’t.
(DBN)

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Religion:

Many people in U.S., other advanced economies say it’s not necessary to believe in God to be moral
(DBN)

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Banking:

First Republic Bank deposits tumble more than $100 billion as it explores options First Republic Bank, Auditor KPMG Targeted in Investor Suit
(DBN)

Smaller U.S. Banks Say the Crisis Is Contained but Fears Persist
(DBN)

UBS Drops As Cautious Wealth Clients Add To Credit Suisse Takeover Challenges
(DBN)

UBS net profit drops 52% in the first quarter due to hit from U.S. legal battle
(DBN)

StanChart CEO warns of risks in banking sector that haven’t ‘come home to roost’
(DBN)

Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says
(DBN)

The Only Way to Stop Bank Runs is to Get Rid of Banks
(DBN)

____________

Tech:

More Twitter Confusion As Fake MTV ‘Challenge’ Account Gets Gold Tick After Posting Videos Of Violence & Profanities Famous Twitter users disavow Musk over verification return
(DBN)

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Healthcare:

Lawyers suggest a way around abortion pill restrictions but doctors may be afraid to try it
(DBN)

Judge mulls injunction against prosecuting Idaho doctors for abortion referrals
(DBN)

North Dakota governor signs 6-week abortion ban into law
(DBN)

FactCheck: “Fentanyl is the leading cause of death for Americans 18-45.”
(DBN)

Florida surgeon general altered key findings in study on Covid-19 vaccine safety
(DBN)

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Celebs:

Nicolas Cage Admits To Having Taken “Crummy” Roles To Pay Back Debt Following Real Estate Market Crash
(DBN)

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Electricity:

Fifth Circuit Rules Bankruptcy Court to Abstain from ERCOT-Winter Storm Uri Case
(DBN)

____________

Crypto:

Extradition of crypto fugitive Do Kwon delayed after forgery charge in Montenegro
(DBN)

John Oliver on cryptocurrencies: ‘This is all still a casino’
(DBN)

The swift and messy demise of Sam Bankman-Fried's FTX crypto empire
(DBN)

‘Crypto is dead in America,’ says longtime bitcoin bull
(DBN)

Coinbase sues SEC after months of silence from federal regulator
(DBN)

____________

Building Materials:

Structurlam files for Chapter 11 bankruptcy and enters $60m APA
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

Sovereign Immunity:

US Supreme Court considers case concerning bankruptcy code, sovereign immunity of Native American tribes
(DBN)

Supreme Court Mulls ‘Magic Words’ in Tribal Bankruptcy Case
(DBN)

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Bankruptcy Strategy:

So, You Exercised Your Proxy Rights Pre-Petition, Are You Good?
(DBN)

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Fiduciary Duty:

Taking Corporate Bankruptcy Fiduciary Duties Seriously
(DBN)

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Cross-Border:

The Rule in Gibbs and Chapter 15 of the US Bankruptcy Code
(DBN)

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Insurance:

Court of Appeals Finds That Insurers May Not Participate in Bankruptcy Negotiations by Invoking an Insured’s Duty to Cooperate
(DBN)

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Sales:

MOAC Mall Holdings LLC v. Transform Holdco LLC – The US Supreme Court Unanimously Rules That Section 363(m) Is Not Jurisdictional
(DBN)

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Mass Torts:

Cancer Victims Urge Judge to Dismiss J&J Talc Unit’s Second Bankruptcy
(DBN)

Boy Scouts’ Sex Abuse Survivors Must Wait as Trust Goes Active
(DBN)

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Litigation:

Recent Developments in Bankruptcy Litigation 2023
(DBN)

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Aviation:

United plane turns back 3 hours into flight after a 'disruptive' passenger sat in a crew seat and got in a shouting match with a flight attendant, report says
(DBN)

JetBlue posts quarterly loss but forecasts profit thanks to strong travel demand
(DBN)

Video Sparks Fierce Debate About Airplane Armrest Etiquette
(DBN)

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Education:

Here are the top 10 books banned in 2022
(DBN)

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Retailing:

Bed Bath & Beyond vows it can pull off a sale – here’s what that means for shareholders Bed Bath & Beyond Comprehension: The dumb, very modern death of a former retail heavyweight Bed Bath & Beyond Stock Certain To Go To Zero, Says Whitney Tilson: 'There Will Be No Miracle Like Hertz' Bed Bath & Beyond short-sellers pocket over $1 billion as the home-goods retailer files for bankruptcy Bed Bath & Beyond's bankruptcy: What you need to know Bed Bath & Beyond Shoppers Rush to Use All Those Coupons Bed Bath & Beyond bankruptcy creates $5B opportunity for Target, Amazon How coupons backfired on Bed Bath & Beyond No Good Way for a Loved Brand to Die Bed Bath & Beyond: The Last Nail In The Coffin Bed Bath & Beyond Took Out Emergency Loan on Eve of Bankruptcy - WSJ What are stock buybacks, which critics are blaming for hastening Bed Bath & Beyond's bankruptcy? A finance professor explains Bed Bath & Beyond Gets Fresh $40 Million to Fund Bankruptcy Bed Bath & Beyond to close all 360 stores within two months—and soon stop accepting its ubiquitous coupons
(DBN)

Beloved baby store retailer is set to close 120 stores across US
(DBN)

San Fran Target puts entire inventory on lockdown amid shoplifting crisis
(DBN)

Nine more Party City leases going up for auction
(DBN)

Bed Bath & Beyond, Party City, JCPenney, and more: The biggest retail bankruptcies of the past 15 years
(DBN)

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Autos:

Vehicle Sales Forecast: "April U.S. Light-Vehicle Sales to Post Strong Growth"
(DBN)

Carvana's Problems Don't Have A Near-Term Fix
(DBN)

____________

Student Debt:

Student loan servicers brace for trouble with restart of payments
(DBN)

They graduated during the pandemic. Now they face their first student loan payments
(DBN)

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Sovereigns:

Schizophrenia at the IMF
(DBN)

Zambia has sent debt restructuring proposal to official creditors
(DBN)

France, Japan, India team up to rescue Sri Lanka from China debt trap
(DBN)

____________

EU:

Commercial real estate loans in core Europe face $55 billion funding gap, report says
(DBN)

____________

Canada:

New Pension Priorities in Bankruptcy and Insolvency Are Closer to Reality
(DBN)

David's Bridal granted creditor protection in Canada amid bankruptcy hearings in U.S.
(DBN)

____________

Ireland:

Corporate insolvencies up 22% with cost inflation and higher interest rates burdening firms
(DBN)

____________

Russia:

Leaked documents show US asked Ukraine not to attack Russia on anniversary of invasion: report
(DBN)

Leakers Reveal Kremlin Secretly Panicking Over Putin’s Arrest Warrant
(DBN)

Top-Tier Criminals Pivot to Secretly Fight Against Putin
(DBN)

Russia’s Lavrov receives blistering criticism for Kremlin’s war in Ukraine at UN
(DBN)

Biden’s team fears the aftermath of a failed Ukrainian counteroffensive
(DBN)

Ukrainian troops have established a bridgehead on the east bank of the Dnipro river, implying Russia's defensive positions are weakening, report says Ukrainian forces 'cross crucial river' as they prepare to strike deep into Russian-occupied territory
(DBN)

The Grim Life and Brutal Death of a Wagner Recruit - WSJ
(DBN)

____________

Sudan:

Sudan Mass Evacuation Not Feasible for U.S. Citizens: Ex-Ambassador US facilitating land evacuation of private citizens in Sudan Mass exodus of foreigners as fighting rages in Sudan Sudan's Factions Agree to 72 Hour Ceasefire Which countries are evacuating citizens from Sudan? People Resort to ‘Killing Their Pets’ in Sudan Amid Evacuation Chaos Civilians Flee Fighting in Sudan for Troubled Neighboring Countries Mass exodus of foreigners as fighting rages in Sudan
(DBN)

____________

China:

‘Impossible’ to Pay Its Bill: Guizhou Debt-Ridden Chinese Province Seeks Beijing’s Help
(DBN)

____________

Singapore:

Distressed property listings jump in Q1 as bankruptcies rise
(DBN)

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