April 28, 2023

The Daily Bankruptcy News

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Law:

The Law School Is The Best At Getting Graduates Jobs
(DBN)

Elon Musk Legal Team Dropped The Dumbest Possible Excuse For Refusing A Deposition
(DBN)

What some BigLaw firms are doing that makes them look more profitable
(DBN)

Biglaw Firms Shrinking Their Equity Partnership Ranks Are 'Gaming' The System
(DBN)

One In-House Counsel’s Take On 'Non-Negotiable Expectations' (Part II)
(DBN)

Lawyer’s paralegal was fooled by fraudster who changed wiring instructions, suit says
(DBN)

Law School Goes Remote For Last Week Of Classes, Finals Due To 'Possible Threat'
(DBN)

Jurors Prohibited From Dancing To Ed Sheeran's Funky Music (Or Is It Marvin Gaye's) • Ed Sheeran sings, strums guitar on witness stand at 'Let's Get It On' plagiarism trial in Manhattan
(DBN)

Court Reporters Can Handle A Lot Of Sensitive Data... And Their Processes Might Not Be As Secure As You'd Think
(DBN)

Reed Smith’s ex-Athens Managing Partner struck off for 'cavalier attitude' to expenses
(DBN)

Trump legal team asks House Intel for 'legislative solution' amid Mar-a-Lago probe
(DBN)

Pence appears for 7 hours before grand jury
(DBN)

Trump rape accuser notes social media attacks: ‘I couldn’t be more proud to be here’ • E Jean Carroll spars with Trump lawyer from witness stand: 'I was raped' • E. Jean Carroll said she kept quiet about assault accusation against Trump for 20 years out of "fear" of him • Trump’s Lawyers Go After E. Jean Carroll for ‘Scheme’ Email • E. Jean Carroll's grilling by Trump's attorney got testy straight from the words 'Good morning' • Key takeaways from E. Jean Carroll's civil rape trial against Trump
(DBN)

Text messages reveal Trump operatives considered using breached voting data to decertify Georgia’s Senate runoff in 2021
(DBN)

'QAnon shaman' says former lawyer failed him over Jan. 6 videos
(DBN)

What legal theory is Disney using to sue Florida Gov. Ron DeSantis? • Disney's lawsuit against Gov. Ron DeSantis has teeth, legal experts say • Disney fans are fighting online after the company sued DeSantis
(DBN)

White woman at the center of Emmett Till lynching dies • Emmett Till’s Enduring Legacy
(DBN)

‘Dreamers’ income more than doubled under DACA program: survey
(DBN)

Air Force suspends leaders of alleged leaker’s unit • Classified docs leak suspect posted about mass shootings and had an arsenal of weapons, prosecutors say • Chilling search history of accused classified documents leaker detailed • Prosecutors say they fear foreign enemies could try to recruit Pentagon leak suspect Jack Teixeira because of what he knows and his limited net worth — half of which is in guns • 'Why wasn't he caught earlier?' • Turns Out the Kid was a Racist Too
(DBN)

DOJ sues Tennessee, alleging it discriminates against transgender youth with new law
(DBN)

Black couple reunited with newborn taken by authorities over medical treatment
(DBN)

Ex-San Francisco fire commissioner who said homeless man beat him is accused of initiating altercation with bear spray
(DBN)

'Go back to Africa, little monkey!' Shovel-wielding Florida woman hit with hate crime charges
(DBN)

Teen charged after 'intentionally' running over 70-year-old while listening to song about murder, police say
(DBN)

Shocking screw-up in Megan McDonald murder case has accused killer out of custody
(DBN)

Ga. man accused of stopping school bus full of kids because a child ‘flipped off’ his family
(DBN)

Abortion pill is banned, restricted in some states despite Supreme Court ruling • Washington enacts abortion protections to counteract red state laws • Abortion bans fail to pass in 2 conservative states
(DBN)

The 150-year-old chastity law that may be the next big fight over abortion
(DBN)

Minnesota governor signs bills protecting reproductive, gender-affirming care, banning conversion therapy
(DBN)

Appeals court upholds Florida voting restrictions approved by GOP lawmakers
(DBN)

U.S. takes new steps to reduce migrant arrivals when Title 42 border rule ends in May • Biden Faces Potential Border Surge With Likely End of Pandemic Rule in May
(DBN)

Nevada fund for victims of crime at risk of insolvency
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Judges:

Judiciary Committee Dems call on Chief Justice Roberts to clarify Supreme Court ethics rules
(DBN)

The Bipartisan Effort To Get Chief Justice John Roberts To Do The Right Thing
(DBN)

Pressure grows on Supreme Court to embrace ethics reforms
(DBN)

Lying to Get on the Supreme Court
(DBN)

Gorsuch Should Have Learned from His Mother
(DBN)

Justice Clarence Thomas' troubles reveal a much larger accountability issue lurking in the Supreme Court
(DBN)

Disney v. DeSantis judge called Florida governor's law 'dystopian'
(DBN)

Chemerinsky: Expect momentous decisions from the Supreme Court as term ends
(DBN)

How South Carolina Ended Up With an All-Male Supreme Court
(DBN)

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Wall Street:

Stock futures fall after latest batch of earnings
(DBN)

Dow jumps 500 points on strong earnings, heads for best day since January
(DBN)

JPMorgan debuts AI model used to decipher Fed speeches for potential trading signals
(DBN)

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Layoffs:

Dropbox to lay off 500 employees, or about 16% of its workforce
(DBN)

Vice Ends Flagship Newscast, Makes Painful Layoffs
(DBN)

Lyft to cut 1,072 employees, or 26% of its workforce
(DBN)

Gap to lay off about 1,800 employees in second round of job cuts
(DBN)

Deutsche Bank to cut 800 jobs after strong first quarter
(DBN)

Tech giants aren't just cutting thousands of jobs — they're making them extinct
(DBN)

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Banking:

US regulators to release reviews of largest bank failures since 2008 crisis
(DBN)

US regulators worried about uninsured deposits before March crisis
(DBN)

Veteran investor Boaz Weinstein warns of a major market sell-off as First Republic reignites banking crisis fears
(DBN)

First Republic’s Q1 earnings show it’s still struggling while other regional banks are on the road to recovery • First Republic shares gain on hopes of rescue deal • U.S. officials lead urgent rescue talks for First Republic • White House: Monitoring situation at First Republic, could step in if needed
(DBN)

First Republic Bank Is a Problem With No Easy Solution
(DBN)

Speed of US bank failures to play starring role in Fed, FDIC post-mortems
(DBN)

Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue • Swiss National Bank seeks banking regulation review after Credit Suisse crash
(DBN)

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Media:

Tucker Carlson And The Terrible, Horrible, No Good, Very Bad Texts • The 7 theories for why Tucker Carlson got fired from Fox News • Newsmax Ratings Climb After Tucker Carlson’s Exit at Fox • Tucker Carlson video nets 57 million views in less than 24 hours • Geraldo Slams Tucker Carlson
(DBN)

How Does Maria Bartiromo Still Work at Fox News?
(DBN)

Video Reveals Steven Crowder Emotionally Abusing Wife. In Statement, Hilary Crowder's Family Says She Hid His Emotionally Abusive Behavior For Years
(DBN)

Jerry Springer Dead at 79
(DBN)

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Politics:

Senate GOP blocks Equal Rights Amendment
(DBN)

Senate GOP smells blood as Justice launches Manchin challenge
(DBN)

Biden's age trap: Risks of running at 80 • Five reasons Democrats are worried about Biden
(DBN)

Is Trump Inevitable? Some in the GOP Are Starting To Wonder
(DBN)

MAGA Is Ripping Itself Apart
(DBN)

Jim Justice files paperwork for 2024 Senate bid in potential Manchin showdown • Manchin: ‘I will win any race I enter’
(DBN)

How Ron DeSantis transformed into an anti-public health crusader • Pressure mounts on DeSantis to hit harder • DeSantis balks at Disney lawsuit alleging retaliation • DeSantis' showdown with Disney carries political risk • The one big advantage Ron De$antis has: Tons and tons of cash
(DBN)

Rubio warns against Florida going after companies for ‘political purposes’
(DBN)

Trump Trumps DeSantis by 46 Points
(DBN)

19 Michigan state GOP lawmakers throw support behind DeSantis
(DBN)

GOP senators grow weary of Tuberville abortion stalemate on defense nominees
(DBN)

State lawmaker who opposed a bill limiting care for trans kids, including her own, is now under investigation over it
(DBN)

Montana Trans Legislator Is Doing Her Job From a Capitol Hallway
(DBN)

Dianne Feinstein's ongoing absence allowed Senate Republicans and Joe Manchin to overturn a Biden rule reducing pollution from large trucks
(DBN)

Low-Income Americans Feel Jilted By Trump, Biden. The Rich Don't.
(DBN)

Poll: America is a Country on Fire
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Economy:

Wall Street's risky delusion - How betting on a recession could wreck the market
(DBN)

Hiring for white-collar jobs in the U.S. is hitting a wall
(DBN)

Among some at Fed, argument grows for patience on wage costs
(DBN)

Why the debt ceiling problem never goes away • Biden Faces His First Big Choice on Debt Limit • What comes next in the debt ceiling showdown • McCarthy passes his debt limit bill, but the path to averting default is deeply uncertain • GOP doubles down on debt limit bill with ad buy • Veterans sound alarm on McCarthy budget cuts • White House regroups after McCarthy’s debt ceiling success • What's in the GOP Spending Plan
(DBN)

Prankster poses as Zelensky in call with Fed chair
(DBN)

As Congress pivots to debt, it shouldn’t forget the inflation connection
(DBN)

Inflation Is Still High. What’s Driving It Has Changed.
(DBN)

High Inflation Still Top Concern for Global Economy, Say Economists
(DBN)

‘Economy is unwell’: GDP report underlines recession concern
(DBN)

JPMorgan employees gripe about Dimon's return-to-office edict • Jamie Dimon’s ’tone deaf’ return to office mandate is getting pushback from JPMorgan staffers, who are complaining about being stuck on Zoom calls even while in the office
(DBN)

Amazon might use employee badges to check if they are working from office after altering remote work policy
(DBN)

I found it stressful to work from home as a Gen Z account exec. Here's why I'll choose to work in the office every time — even if it costs more to do so.
(DBN)

BEA: Real GDP increased at 1.1% Annualized Rate in Q1 • First-quarter GDP climbs at lackluster 1.1% pace as U.S. businesses retrench • US economic growth slows in first quarter as businesses draw down inventories
(DBN)

The US economy slowed dramatically at the start of 2023
(DBN)

Economic slowdown: Five takeaways from the new GDP report
(DBN)

The US economy is about to hit a slowdown as Americans blow through savings, shrink investments, and battle higher interest rates, chief economist says
(DBN)

US dollar edges higher as GDP, jobless claims affirm rate hike bets
(DBN)

Brace for a recession by September, a 20% plunge in the S&P 500, and a painful credit crunch, top economist David Rosenberg says
(DBN)

Weekly Initial Unemployment Claims decrease to 230,000
(DBN)

Russia's top spy agency is worried that domestic banks don't have enough foreign currency, report says • U.S. sanctions Russian and Iranian security services for "holding Americans hostage" • Russia’s Gas Exports Are Expected to Slide in 2023 • Russia is using its 'dark fleet' of ships to skirt oil sanctions, raising the risk of tanker collisions, insurance firms say • Russia's economy is facing a record worker shortage amid losses in Ukraine and mass exodus
(DBN)

Priced Out of Florida, More Retirees Trying Alabama
(DBN)

Banks' Lending Standards Are Tightening; Unemployment Could Be Close Behind
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
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Real Estate:

Second Circuit holding: Assumption of Ground Lease doesn’t require cure payment to contractor
(DBN)

Home sales see shrinking profits as prices fall in most of the US • NAR: Pending Home Sales Decreased 5.2% in March; Down 23.2% Year-over-year
(DBN)

Why homebuilders are talking about first-time buyers again
(DBN)

Millennials are fueling a generational housing bubble - and it's set to pop in the next decade as demand drops, researchers say
(DBN)

‘Total nightmare:’ As Florida insurance companies go insolvent, homeowners pay the price
(DBN)

Golden handcuffs: Low fixed-rate mortgages are trapping millions of homeowners as they wait for a better time to sell
(DBN)

Pending home sales fall for first time since November
(DBN)

Lumber prices fall toward multi-year lows as pending home sales slump and industry searches for supply balance
(DBN)

The wild swings in US rental prices are finally easing as apartment rents stabilize around $1,500, listing service says
(DBN)

NMHC: "Apartment Market Continues to Loosen"
(DBN)

Meet the cheapest US states to buy a house
(DBN)

Fire Sale: $300 Million San Fran Office Tower, Mostly Empty. Open to Offers - WSJ
(DBN)

Stress Builds as Office Building Owners and Lenders Haggle Over Debt
(DBN)

One of Cincinnati's largest developers files for bankruptcy
(DBN)

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Municipalities:

A second rating agency moves Detroit one notch away from investment grade
(DBN)

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Oil/Gas:

Wall Street predicted a big surge for oil this year. But prices are now lower
(DBN)

Exxon delivers a record first-quarter profit on higher output
(DBN)

Chevron tops estimates with Q1 profit gain despite slide in oil prices
(DBN)

BP Faces Revolt After Pulling Back on Climate
(DBN)

Hertz Has 50,000 Electric Cars in Fleet
(DBN)

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Tech:

Tech workers are freaking out over whether the end is here for $500,000-plus salaries
(DBN)

Meta stock jumps 15% on earnings beat as Mark Zuckerberg touts AI and vows to keep costs down • Facebook stock up 170% in 5 months despite virtually no revenue growth
(DBN)

Twitter is complying with more government demands under Elon Musk
(DBN)

Employee says ChatGPT carries out 80% of his work duties, which allowed him to take on a 2nd job, report says
(DBN)

I used ChatGPT to talk to my boss for a week and she didn't notice. Here are the other ways I use it daily to get work done.
(DBN)

Intel reports largest quarterly loss in company history
(DBN)

Sony posts record annual profit boosted by chips and all-time high PlayStation 5 sales
(DBN)

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Cannabis:

Senators unveil bipartisan cannabis banking legislation • Lawmakers reintroduce a bipartisan bill the cannabis industry hails as a lifeline
(DBN)

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Crypto:

F.B.I. Searches Home of Top FTX Executive
(DBN)

Coinbase offers a fiery response to the SEC’s threat of enforcement action
(DBN)

SEC’s Gensler says ‘the law is clear’ for crypto exchanges, they must comply
(DBN)

BSX owner picks up remnants of FTX
(DBN)

Celsius Seeks Permission From Court To Subpoena FTX
(DBN)

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Personal Finance:

The No. 1 career mistake to avoid in your 20s, from a Google VP
(DBN)

ChatGPT experience may be able to get you that job. More than 90% of potential employers are looking for workers who use the chatbot.
(DBN)

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Ride Hailing:

Cabbies can't sue NYC over Uber, Lyft impact on license values
(DBN)

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Motorcycles:

Harley-Davidson Says Repo Shortage Is Fueling Credit Losses
(DBN)

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Student Debt:

Student Loan Forgiveness: AOC Tells Scared Follower All Is Not Lost if Supreme Court Rules Against Biden’s Plan
(DBN)

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Healthcare:

The 25 Counties With the Longest Life Expectancy
(DBN)

CDC eases COVID vaccination rule on international travelers as expiration looms
(DBN)

Over 1 in 5 skip health care due to transportation barriers
(DBN)

Obesity drug industry could be worth $200 billion in next decade, Barclays says
(DBN)

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Coal:

There's Nothing Coal Barons Do Better Than Despoil the Land and Hurt Their Communities
(DBN)

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Furniture:

Will new shareholder plan keep Mattress Firm parent out of bankruptcy?
(DBN)

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Debt Collection:

CFPB Issues Advisory Opinion on “Zombie Debt”
(DBN)

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Jewelry:

America's largest jewelry company says ring sales are on the decline as fewer people get engaged
(DBN)


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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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)

Mass Torts:

J&J to retain all talc-related liabilities from litigation in US, Canada
(DBN)

Four companies indirectly owned by Berkshire Hathaway file for bankruptcy
(DBN)

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Committees:

Disgraced Hedge Fund Manager Available To Advise On How Not To Go To Jail
(DBN)

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D&O:

Recent Developments in D&O Officer Liability Insurance 2023
(DBN)

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Aviation:

Southwest reports wider-than-expected loss, flags fewer deliveries from Boeing • Southwest is the worst airline in the US, according to a new study — take a look at how the 11 biggest US airlines rank
(DBN)

Business travel spending in the US and Europe could bounce back to pre-pandemic levels by 2024, but inflation may shrink the spending pie: Deloitte
(DBN)

Travel demand strong, but U.S. carriers fret over aircraft delivery delays
(DBN)

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Corporate Governance:

At the CEO level, women finally outnumber men named John
(DBN)

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Fraud:

Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Cryptocurrencies
(DBN)

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Retailing:

Bed Bath & Be Gone and David’s Bridal: The Tale of Two Bankruptcies
(DBN)

Bed Bath & Beyond bonds see heavy trading following bankruptcy announcement
(DBN)

I went to a doomed Bed Bath & Beyond in my city and found stocked shelves, no deep discounts, and few signs that the end was near
(DBN)

Chaos and Betrayal on Day One of Bed Bath & Beyond’s Closeout Sale
(DBN)

3 More Retail Stocks on the Brink
(DBN)


Amazon’s Revenue and Profit Jump, Reversing Slide
(DBN)

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Labor:

Army aviators, ready to leave the military, are told they owe 3 more years instead
(DBN)

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Education:

What Will Happen to Bankrupt SFAI’s Works by Ansel Adams, Andy Warhol and Other Famed Artists? • Facing Continued Financial Strain, San Francisco Art Institute Files for Bankruptcy • The San Francisco Art Institute, Which Educated Artists From Ansel Adams to Kehinde Wiley, Has Filed for Bankruptcy
(DBN)

School district rejects claim from teacher shot by 6-year-old student • Virginia school board wants workers compensation for teacher shot by 6-year-old student • School district says teacher shot by 1st grader risked gun violence from student as part of her job
(DBN)

5 charged after Indiana special needs student, 7, is forced to eat his own vomit with a spoon, police say
(DBN)

Elementary school goes on brief lockdown due to angry parent
(DBN)

Record one in four high school students say they are gay, bisexual or 'questioning' their sexuality, official CDC data shows — double the amount in 2015
(DBN)

Raising a trans kid in Missouri has become a 'dystopian nightmare' for families
(DBN)

Missouri AG confirms investigation into pediatric transgender center
(DBN)

Kansas legislators impose sweeping anti-transgender bathroom law
(DBN)

Third of teen girls seriously considered suicide
(DBN)

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Climate:

Fetterman: Agriculture can’t ‘cannibalize’ climate change funding
(DBN)

Venture capital firms team up to cut carbon emissions
(DBN)

'The big melt is now here': California braces for floods
(DBN)

Linde sees clean energy investments of over $50 billion
(DBN)

Earth in hot water? Worries over sudden ocean warming spike • Record Ocean Warm Streak Alarms Scientists
(DBN)

Climate Change Made East Africa’s Drought 100 Times as Likely, Study Says
(DBN)

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Newspapers:

One of world's oldest newspapers to end daily print run
(DBN)

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Tobacco:

Cigarette smoking rate hits all-time low among American adults
(DBN)

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Autos:

Auto workers union, Sanders blast GM for wages at US battery plant
(DBN)

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Private Equity:

Private Equity Is Gutting America — and Getting Away With It
(DBN)

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Mail:

U.S. Postal Service shrinks forecast losses as it hikes prices
(DBN)

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Food/Beverage:

McDonald's says people are cutting back on ordering fries with their burgers as consumers tighten their budgets
(DBN)


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Weight Loss:

Jenny Craig tells staffers it’s winding down its weight-loss centers and warns of mass layoffs
(DBN)

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UK:

King Charles' Ancestors Owned Slaves, New Documents Reveal
(DBN)

So where has all Prince Andrew's money gone?
(DBN)

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EU:

Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates
(DBN)

IMF warns of ‘disorderly’ house price corrections in Europe as interest rates move higher
(DBN)

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Russia:

Russia has emptied out a Crimea base of weaponry, with officials worried Ukraine could target the region in a possible counteroffensive
(DBN)

Russia denies US request to visit jailed Wall Street Journal reporter
(DBN)

U.S.: Russian Subs in Atlantic ‘More Active Than We’ve Seen Them in Years’
(DBN)

Russia's desperately trying to drum up new recruits by selling military service as a 'worthy future' as thousands of troops die in Ukraine
(DBN)

Frontline Ukrainian soldiers say they are running low on ammo and can only fire a few rounds with their most effective guns
(DBN)

Ukraine has received 98% of promised combat vehicles: NATO chief
(DBN)

Russia wanted a quick victory in Ukraine, and it sent its spies after Ukrainian nuclear power plant workers to make it happen
(DBN)

China just called Ukraine. The timing wasn’t accidental, analysts say
(DBN)

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China:

China Evergrande gains more than 77% backing of Class A debt holders for debt restructuring incentive
(DBN)

China’s top leaders say the economy doesn’t have enough ‘internal’ drive
(DBN)

China's top banks post shrinking margins in Q1
(DBN)

China's Factory Activity Likely Grew at Slower Pace in April Reuters Poll
(DBN)

Renowned China investor Ray Dalio says the US and China are on the brink of war, and that both sides are 'beyond the ability to talk'
(DBN)

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MENA:

Iran seizes Texas-bound oil tanker, Navy says
(DBN)

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Sudan:

Heavy fighting rages in Sudan's capital as U.S. pushes to extend truce
(DBN)

How Sudan's Military Factions Set Path to War as Mediation Stalled
(DBN)

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