April 3, 2023

The Daily Bankruptcy News

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Law:

New York's Biglaw Firms Really Flopped Financially Last Year
(DBN)

Judge Finds Confidential Firm Documents In Possession Of Former Biglaw Associate
(DBN)

The Impressive General Counsel Compensation At Paramount
(DBN)

This attorney represented abuse survivors. He was just arrested in child pornography case.
(DBN)

Trump indictment ends decades of perceived invincibility New York Plans to Close Streets for Arraignment Donald Trump to fly to New York ahead of court hearing Experts see these problems with felony-records case against Trump over hush-money payments Shocked and defiant: How Trump is responding to unprecedented indictment Trump Will Say He’s a Political Target. That Won’t Clear Him. After Indictment, DA Tells Trump's Congressional Henchmen To Get Bent Trump ceded the moral high ground on presidential indictments long ago Manchin on House Republicans’ efforts to investigate Manhattan DA: ‘Can’t we just do our job?’ Manchin: Trump indictment marks ‘very sad day for America’ Trump to speak at Mar-a-Lago following expected Manhattan court appearance Barr: Trump should not testify in hush money case because ‘he lacks all self control’ Meet Joseph Tacopina, the outspoken lawyer defending Trump in ‘political prosecution’ At Mar-a-Lago, Few Show Up to Protest Trump’s ‘zombie’ case lurches ahead of the pack How Manhattan prosecutors’ ‘zombie’ case led to Trump indictment Trump Judge in New York Case Faces a Challenge Like No Other Maggie Haberman Says Cameras In Court ‘Vital’ So Trump Can’t Lie About What’s Happening Donald Trump huddles with advisers after initial surprise of indictment How Trump’s Playboy Persona Came Back to Haunt Him Stormy Daniels Says Threats Have Escalated Since Trump Indictment — This Time It’s ‘I’m Going To Murder You’ What happens after Trump's indictment? Here are some of the logistical considerations ‘O.J. Simpson on steroids’: Team Trump preps for a post-indictment frenzy Trump Weighs Asking to Move NY Criminal Case to Staten Island Trump’s Indictment Proves the Opposite of What He Says US Republicans defend Trump by attacking criminal justice system Barr Blasts Trump Indictment Former Manhattan DA: Trump should ‘be mindful’ not to commit ‘some other criminal offense’ Trump lawyer hopes surrender in Manhattan will be ‘painless and classy’ Campaign shares plans on how Trump will turn himself in Trump lawyer anticipates motion to dismiss charges in Manhattan indictment Lawyer says is there ‘substantial documentation’ to back up Cohen’s testimony ‘Delay, delay, delay’: How Trump could push his trial into the heart of campaign season Time-Tested Legal Strategy: Attack and Delay Trump lawyers: Buckle up Trump Seems to Be the Victim of a Witch Hunt. So What?
(DBN)

Fox Judge Says It’s ‘CRYSTAL Clear’ Election Claims Were False Judge sends Dominion’s $1.6 billion lawsuit against Fox News to trial Dominion beats Fox News on every legal issue but actual malice before blockbuster trial
(DBN)

Kari Lake Reveals Her 'Smoking Gun' in Election Lawsuit
(DBN)

Inside the F.B.I.’s Jan. 6 Investigation of the Proud Boys
(DBN)

After Nashville, Congress confronts limits of new gun law Several staff members at The Covenant School in Nashville carried guns to provide security, according to a police call: report
(DBN)

Federal judge blocks Tennessee law restricting drag shows
(DBN)

'White Lives Matter' racist firebombed church that hosted drag events: Feds
(DBN)

Texas judge orders LGBTQ books removed from public libraries to be returned
(DBN)

Want to see the hurdles Biden really faces in making progress on guns? Come to W.Va.
(DBN)

'Swatting' calls becoming big concern across US
(DBN)

Investigators put a name to skull found in Washington woods 40 years ago
(DBN)

Right-wing Twitter troll convicted of interfering in 2016 election through vote-by-text meme
(DBN)

Metal-eating repeat offender who swallows screws, nails, paint in jail cells is sentenced
(DBN)

Texas Man Tracks Stolen Truck and Kills Thief
(DBN)

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Judges:

Sonia Sotomayor Is Way More Optimistic Than She Has Any Right To Be
(DBN)

Just Because A Judge CAN Write A Sentence Doesn't Mean The Judge SHOULD Write That Sentence
(DBN)

Even Best Friends Sometimes Disagree
(DBN)

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Wall Street:

 

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Retailing:

Bed Bath Begins Three-Week Countdown to Possible Bankruptcy
(DBN)

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Layoffs:

UBS May Cut Workforce by 20-30% After CS Takeover
(DBN)

Marks & Spencer to Cut Jobs at Head Office
(DBN)

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Tech:

Elon Musk Revives Old Banking Dream in Pursuing $250 Billion Twitter Valuation
(WSJ)

Replika users fell in love with their AI chatbot companions. Then they lost them
(DBN)

Congress goes wobbly on TikTok The Extraordinarily Misguided Attack on TikTok
(DBN)

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Banking:

Economist Nouriel Roubini: ‘Most U.S. Banks Are Technically Near Insolvency’
(DBN)

One Risk Was Missing From Strategists’ 2023 View: Banking Crisis
(DBN)

Norway Wealth Fund to Vote Against Seven Credit Suisse Directors
(DBN)

SVB’s Fall Stunned Even the One Stock Analyst Who Said to Sell
(DBN)

Switzerland Well-Placed to Weather Bank Turmoil, Economists Say
(DBN)

Swiss federal prosecutors open investigation into Credit Suisse takeover
(DBN)

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Autos:

Soaring Auto Loan Rates Are the Latest Roadblock for Car Sales
(DBN)

NYC to Ban Teslas, Citing Lithium-Ion Battery Fires
(DBN)

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Labor:

Elon Musk broke law with threat to Tesla workers’ stock options, court rules
(DBN)

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Agribusiness:

RGV farmers stand to lose millions as Donna grain company declares bankruptcy
(DBN)

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Healthcare:

COVID Mar 31, 2023: Update on Cases, Hospitalizations and Deaths
(DBN)

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E-Commerce:

Boxed files for bankruptcy, eyes sale of software business
(DBN)

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Economy:

Q1 GDP Tracking: Around 2%
(DBN)

Personal Income increased 0.3% in February; Spending increased 0.2%
(DBN)

Fed May Take Comfort With US Jobs Seen Showing Moderating Wages
(DBN)

Centrist Democrats hatch secret plan to head off debt ceiling calamity
(DBN)

Americans lost a lot of financial ground last year. Is the worst over?
(DBN)

How 3 years of work from home have changed the US economy forever
(DBN)

Malpass: ‘Advanced economies’ are devouring the world’s capital to ‘pay for their national debt’
(DBN)

Texas Town With Biggest US Pay Raise Keeps Powell on Hiking Path
(DBN)

Nashville, Austin Hottest Job Markets
(WSJ)

How the world will look in 2050, according to experts
(DBN)

Want employee engagement? Try a 32-hour workweek
(DBN)

Global Food Supply Risks Rise as Key Traders Leave Russia
(DBN)

Social Security faces insolvency in 2033, a year sooner than previously expected
(DBN)

Russia is undergoing 'reverse industrialization' as limited resources force a retreat from high tech industries, Finland's central bank says Japan Breaks With U.S. Allies, Buys Russian Oil at Prices Above Cap - WSJ
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Freddie Mac House Price Index Declines for 8th Consecutive Month in February
(DBN)

After Loss in ‘Crazy’ Auction, Bidder for NYC Icon Wants a Redo
(DBN)

Empty Office Buildings Everywhere
(DBN)

Here are 20 cities where houses are cheaper than condos
(DBN)

Nate Paul, real estate investor in Paxton corruption allegations, ordered to jail again after losing appeal
(DBN)

 Framing Lumber Prices Down 63% YoY, Below Pre-Pandemic Levels
(DBN)

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Municipalities:

‘King Charles clause’ limits new board overseeing Disney World, put in place after DeSantis’ feud
(DBN)

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Oil/Gas:

OPEC+ to Hold Its Ground Amid Oil Tumult Caused by Bank Crisis
(DBN)

The banking crisis hammered crude oil prices so much that OPEC stepped in with a shock 1 million-barrel-a-day production cut
(DBN)

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Climate:

At least 26 dead after tornadoes rake US Midwest, South Tornado survivors recount flying debris, destroyed buildings Deadly Storm Whips Up Tornadoes Across the US South, Midwest
(DBN)

USA leads world in weather catastrophes
(DBN)

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Politics:

Critics Pounce On ’60 Minutes’ Interview With ‘In Your Face’ Marjorie Taylor Greene: ‘What a Fall From Grace’
(DBN)

Labash: The GOP once again dons knee pads for The Don Trump still has strong lead over DeSantis, Haley following indictment: poll Over 24 hours, rumblings of a reckoning for the right GOP dances around Trump's indictment No rush to judgment on the political fallout from Trump’s indictment Trump uses his indictment to unify GOP, even as his vulnerabilities are glaring Indicted and Running for Office? It Didn’t Begin With Trump. Trump's online supporters remain muted after his indictment Trump Campaign Says It Has Raised $4 Million Off Indictment News Marjorie Taylor Greene to join NY GOP club for ‘peaceful protest’ in Manhattan ahead of Trump arraignment Chris Christie calls Trump camp’s ‘bravado’ over indictment ‘baloney’ Media-voter disconnect prompts 2 big questions about Trump indictment Lone MAGA supporter awaits Trump in New York, fears antifa The data's clear: The indictment makes Republicans like Trump more
(DBN)

DeSantis faces political peril with Trump indictment How Trump Can Squash DeSantis Once and For All
(DBN)

From 4chan to international politics, a bug-eating conspiracy theory goes mainstream
(DBN)

Newsom makes presidential-level moves
(DBN)

Former Arkansas Gov. Asa Hutchinson announces White House bid
(DBN)

No Labels group raises alarms with third-party presidential preparations
(DBN)

Dems Run on Abortion, Even for Offices With Little Say on Issue
(DBN)

Meghan Markle pays near £90,000 to Michelle Obama’s ex press chief sparking guess about political ambitions
(DBN)

One in four college applicants avoids entire states for political reasons
(DBN)

Tim Scott’s Capitol Hill fans question his chances in 2024
(DBN)

Inside the bitter GOP 'undercard' rivalry between Mike Pence and Nikki Haley
(DBN)

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Accounting:

German regulator hands EY 2-year audit ban over Wirecard scandal
(DBN)

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Sports:

Local broadcasters are crucial for MLB. Now many are in trouble
(DBN)

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Tourism:

Niagara Falls one of the worst ‘tourist traps’ in the world, report finds
(DBN)

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Celebs:

Here's Why HGTV's Kitchen Cousins Were Forced To File For Bankruptcy
(DBN)

How Mike Tyson recovered after declaring bankruptcy with $23 million in debt
(DBN)

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Electricity:

US Power Plant Firm Goes Bankrupt After Winter Storm Penalties
(DBN)

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New Bankruptcy Opinions
(22 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 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)

Bankruptcy Statistics:

Small businesses are filing for bankruptcy at a higher rate than at the peak of the pandemic - and a looming credit crunch could make things worse
(DBN)

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Litigation:

People Love To Threaten Bankruptcy During Litigation
(DBN)

Burford Capital Set to Cash Big Bet on Argentina Oil Lawsuit
(DBN)

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Mass Torts:

Johnson & Johnson unit loses bid to stay in bankruptcy during Supreme Court appeal
(DBN)

Alex Jones Discloses $4.8 Million More In Assets In Bankruptcy
(DBN)

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Aviation:

FAA warns of staff shortages in trying to head off summer delays
(DBN)

Southwest rolls out plan to prevent future meltdowns
(DBN)

Virgin Orbit “undone by mismanagement”
(DBN)

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Crypto:

FTX’s Law Firm Hit With Queries on Work Before Crypto Collapse
(DBN)

Sunak’s UK Crypto Ambitions Are Flummoxed by Reluctant Banks
(DBN)

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History:

Before Trump, President Warren G. Harding paid a mistress to stay silent
(DBN)

'Window Into History': Tapes Detail LBJ's Stolen Election
(DBN)

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Movie Theaters:

Cineworld ditches sale of US, UK businesses after failing to find buyer Cineworld to Raise $2.26 Billion in Bankruptcy Exit Plan Cineworld shares tank after Regal Cinemas owner ditches plans to sell US, UK businesses Creditors to take over bankrupt Cineworld after $4.5 billion debt restructuring deal Cineworld Reaches Conditional Pact With Lenders to Exit Bankruptcy - WSJ Regal Cinemas Owner Cineworld Reveals Agreement to Emerge From Bankruptcy Proceedings
(DBN)

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Newspapers:

There’s Already a Solution to the Crisis of Local News. Just Ask This Founding Father.
(DBN)

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Religion:

Ghosts of the Orphanage: A Story of Mysterious Deaths, A Conspiracy of Silence, and a Search for Justice
(DBN)

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Sovereigns:

IMF Board Approves $5.3 Billion Argentina Loan Disbursement
(DBN)

Ghana’s Parliament Approve New Tax Bills to Unlock IMF Bailout
(DBN)

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Rail:

DOJ files lawsuit against Norfolk Southern over Ohio train derailment
(DBN)

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Trucking:

Biden-backed California rule pushes clean trucks
(DBN)

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UK:

Bad debt levels soar by 61% for UK SMEs as supply chains are hit by rising insolvencies
(DBN)

Recharge Industries Bid for Britishvolt Site May Collapse
(DBN)

I don’t bet or drink but I gambled on people and I lost it all – bankruptcy is like being on Death Row says Prem legend
(DBN)

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Russia:

Offensive falters as Ukraine eyes counterattack
(DBN)

Zelensky: Russia’s leadership of UN Security Council ‘absurd and destructive’
(DBN)

Kyiv accuses Orthodox Church leader of justifying Russia's invasion Ukrainian court puts an Orthodox leader under house arrest
(DBN)

Ukraine by rail: Inside Zelenskyy's efforts to buoy a nation
(DBN)

WSJ reporter arrested in Russia faces espionage trial, 20-year sentence Blinken urges Russian counterpart to release detained Wall Street Journal reporter Brittney Griner expresses ‘great concern’ for Wall Street Journal reporter held in Russia
(DBN)

Pro-Russian War Blogger Blown Up
(DBN)

A Grain Glut Is Straining the Goodwill That Ukraine Badly Needs
(DBN)

Russians tricking Ukrainian pilots into death traps
(DBN)

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India:

India’s Jobless Rate Hits a Three-Month High of 7.8%, CMIE Says
(DBN)

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MENA:

Israelis still protest legal overhaul despite suspension Investment in Israeli Tech Nosedives as Protests Grip Country ‘We’re in Bankruptcy’: Disdain of Top Israeli CEO’s for Netanyahu Coup Leaked
(DBN)

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Singapore:

Norton Rose expands Singapore law capability with the arrival of restructuring partner Meiyen Tan
(DBN)

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France:

Naked anger as French minister poses on front page of Playboy
(DBN)

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