August 10, 2023

The Daily Bankruptcy News

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Law:

Another Biglaw Firm Moves To A 4-Day In-Office Schedule
(DBN)

We Shouldn't Have To Say This, But Job Interviews Are Not Your Personal Dating App
(DBN)

Law firm Gibson Dunn's 'unreasonable' Miami rates gut legal-fee award in securities case
(DBN)

Alex Murdaugh loses bid to take back 'confession' about housekeeper's death: Lawyers
(DBN)

2nd Circuit rejects free exercise challenge to law ending religious exemptions for immunization mandate
(DBN)

High-earning, court-appointed lawyer failed to provide ‘even a modicum of representation,’ suit alleges
(DBN)

Trial lawyer’s tales include wins, losses and international intrigue
(DBN)

Big Law and Midsize Firms Are Charting Different Paths to Growth
(DBN)

Will Teachers Be Able To Discriminate Against Their Students After Groff v. Dejoy ?
(DBN)

Trump vows to keep talking about criminal cases despite prosecutors pushing for protective order Trump on possible court-ordered limits: ‘They’re not taking away my First Amendment rights’ Grisham: Trump ‘will absolutely put things out there’ if judge rejects protective order Former Biglaw Partner Ty Cobb Shows Utter Contempt For Trump's Proposed Defense Trump's 'smorgasbord' defense and hope for jury nullification in Jan. 6 conspiracy case Trump says trials would hamstring presidential campaign Trump risks legal threats with public outbursts US judge sets hearing on evidence in Trump's 2020 election case U.S. District Judge Tanya Chutkan scheduled the hearing for Friday after Trump's attorneys asked her to postpone the discussion about what the former president can say publicly about the case Trump co-defendant's struggle to find lawyers seen as 'delay tactic' by Florida lawyers Alex Brandon/AP Jack Smith previously got search warrant for Trump's Twitter, new court docs show Federal Judge Found ‘Reason to Believe’ Trump Would ‘Flee from Prosecution’ Special counsel Jack Smith got a secret search warrant for Trump's Twitter account Indictment shows White House lawyers struggling for control as Trump fought to overturn election
(DBN)

Previously Secret Memo Laid Out Strategy for Trump to Overturn Biden’s Win New Trump Coup Memo Just Dropped ‘Co-Conspirator 5’: Ken Chesebro and the evolution of Donald Trump’s Jan. 6 strategy
(DBN)

More than 1,100 people have now faced Jan. 6 criminal charges
(DBN)

A veteran FBI agent told Congress that investigations into Giuliani and other Trump allies were 'suppressed'
(DBN)

Atlanta-area prosecutor expected to seek more than a dozen indictments in Trump case
(DBN)

The (Many) Trials of Donald J. Trump
(DBN)

Does Donald Trump Have to Attend His Own Trial?
(DBN)

The Politics of the Trump Trials
(DBN)

Trump seeks to reestablish secure facility at Mar-a-Lago to review classified evidence
(DBN)

Man killed during FBI raid in connection with threats against Biden, other officials Utah man is shot dead in FBI raid after posting online he was 'digging out my hold Ghille suit and cleaning dust off M24 sniper rifle' ahead of president's visit to Salt Lake City on Wednesday
(DBN)

DeSantis suspends Democratic state attorney for ‘neglect of duty’ DeSantis suspends another elected prosecutor in move derided as 'politically motivated' Suspended state attorney calls DeSantis ‘weak dictator,’ slams ‘loss of democracy’
(DBN)

Homeland Security identifies 311 child victims of sexual exploitation in 'cold cases'
(DBN)

Who is sneaking fentanyl across the southern border? Hint: it's not the migrants
(DBN)

NYC Faces $12 Billion Price Tag to Handle Migrant Crisis NYC mayor puts $12 billion cost on migrant crisis, blames 'broken' national immigration system
(DBN)

Sex offender arrested after threatening to 'shoot and bomb' Middle Eastern people in California park, authorities say
(DBN)

Catholic couple sues Massachusetts after their foster parent application was denied because they do not support procedures to change a child's 'God-given sex' and believe in 'traditional' marriage
(DBN)

US Navy sailor’s mom encouraged him to pass military details to China, prosecutor says
(DBN)

Abortion rights won big in Ohio. Here’s why it wasn’t particularly close Ohio’s Issue 1 would have made protecting abortion rights harder. Data shows why it failed Ohio Vote Shows Abortion’s Potency to Reshape Elections
(DBN)

Texas Attorney General Blocks Injunction, Will Keep Enforcing Anti-Abortion Law
(DBN)

Mother allegedly lied when buying guns for mentally ill son who threatened governor
(DBN)

Hawaii cannot ban guns on beaches, US judge rules
(DBN)

These Nazis Want to Turn New England Into a White Ethnostate
(DBN)

Given Montgomery’s history, it was no surprise Black people rushed to defend the dockworker, locals say 2 Montgomery brawl suspects have not turned themselves in to police
(DBN)

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Judges:

Chief Justice John Roberts viewed more favorably than Biden, Trump
(DBN)

Religious Objections Over Pronouns Test High Court’s New Stance
(DBN)

The Other Judge Cannon Case With Eerie Similarities to Trump
(DBN)

“Dopey and Constitutionally Dubious”: Legal Experts Blast Judge Aileen Cannon’s Latest Pro-Trump Rulings
(DBN)

Donald Trump wants his election subversion trial moved out of Washington. That won’t be easy
(DBN)

Sanctioned lawyers must take classes from conservative Christian nonprofit, federal judge rules Southwest to Fight ‘Unusual’ Lawyer Religious Training Order
(DBN)

Clarence Thomas’ 38 Vacations: The Other Billionaires Who Have Treated the Supreme Court Justice to Luxury Travel
(DBN)

Judge Drops Amazing 700-Word Footnote Dedicated To Finding Proper Legal Terminology For Attorney's Fees
(DBN)

Rising Threats Prompt ABA’s Call for Mental Health Assessment of Judiciary Download PDF
(DBN)

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Wall Street:

Stock futures climb ahead of key inflation report
(DBN)

Goldman Sachs used to be stone-cold killers. Now they just bore people to death.
(DBN)

Investors are 'sleepwalking' into market turmoil and a recession early next year, top economist Steve Hanke warns
(DBN)

Hedge Funds Bet Stocks in Hottest Sectors Are Headed for a Fall
(DBN)

Meme stocks are back from the dead
(DBN)

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Layoffs:

Klaussner Furniture Industries Inc. abruptly closes, lays off more than 800 employees
(DBN)

Layoffs begin in the film industry, as Hollywood strikes continue
(DBN)

Persimmon Cuts Hundreds of Jobs as UK Mortgage Pain Hits Demand
(DBN)

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Nursing Homes:

Battle brewing over Biden’s nursing home staffing requirements
(DBN)

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Tech:

Zoom CEO admits mistake as terms-of-service changes raise AI fears
(DBN)

WeWork could head to the scrapyard of American dreams. There's a stark warning in there for AI.
(DBN)

Twitter Fined $350,000 in Secret Justice Department Fight Over Trump Records
(DBN)

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Cruise Lines:

Customers of Boston-based Vantage Travel get better-than-expected offer in bankruptcy sale
(DBN)

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Fraud:

$30M swindle leads to Loch Sheldrake bankruptcy
(DBN)

Montana clinic files for bankruptcy following $6 million judgment over false asbestos claims
(DBN)

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Student Debt:

Discharging Student Debt in Bankruptcy Is Supposed to Be Easier Than Before
(DBN)

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Data Centers:

Cyxtera files plan of reorganization with bankruptcy court
(DBN)

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Religion:

He was a top church official who criticized Trump. He says Christianity is in crisis
(DBN)

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Mail:

Postal Service loss widens in fiscal 3rd quarter
(DBN)

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Celebs:

Tori Spelling Spends the Day at Beach With Her Kids Amid RV Campsite Stay and Money Woes
(DBN)

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Buses:

What led to EV darling Proterra’s bankruptcy
(DBN)

Biden-Backed Bus Maker Got Millions in Aid Before Bankruptcy
(DBN)

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Corporate Governance:

Delaware Supreme Court Declines to Enforce a “Conclusive and Binding” Charter Provision That Would Immunize Breaches of the Fiduciary Duty of Loyalty
(DBN)

Delaware Court of Chancery Holds Company in Contempt for Failure to Pay Advancement
(DBN)

Board Oversight Duties: Recent Adventures in the Delaware Chancery
(DBN)

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Retailing:

Amazon sellers 'fear bankruptcy' after rule change
(DBN)

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Biotech:

Biotech firm Amyris files for bankruptcy in US Amyris Announces Operational and Financial Restructuring to Advance Strategic Transformation
(DBN)

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Tech:

Majority of Americans are concerned about rapidly developing AI: poll
(DBN)

OpenAI Might Go Bankrupt by the End of 2024
(DBN)

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Economy:

Top economist Paul Krugman says food inflation has mostly been caused by Russia
(DBN)

Bond Market Inflation Gauge Shows Doubts About Swift Fed Victory
(DBN)

US Consumer Prices Data Set to Show Subdued Core Inflation Again
(DBN)

US Corporations' $1.8 Trillion Debt Wall
(DBN)

A yearlong slowdown in US inflation may have stalled in July
(DBN)

Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
(DBN)

Visualizing the $105 Trillion World Economy in One Chart
(DBN)

The economy is strong, but small businesses are as pessimistic as ever. Here’s why
(DBN)

Unpacking America’s “Soft Landing”
(DBN)

Americans are about to have a much harder time paying their bills
(DBN)

Forget ‘quiet quitting’ — ‘loud laborers’ are killing workplace morale. Here’s how to spot them
(DBN)

No one knows how much they should care about work right now
(DBN)

In Shocking Blow to Pro-Office Leadership, People Will Quit If You Force Them Back Into the Office
(DBN)

From Real Estate to Manufacturing to M&A, Mini Recessions Are All Over
(DBN)

Here's why the restart of student loan payments won't end up dragging down the economy
(DBN)

Construction workers to see pay boost under wage-rule rewrite
(DBN)

The freight recession is getting worse as the economy detoxes from the pandemic trucking boom
(DBN)

US Companies Backing Abortion Care Lure Applicants, But Current Staff Less Happy
(DBN)

New 2020 census data shows an aging America and wide racial gaps between generations
(DBN)

How we’re buying perfume could signal how we’re feeling about the economy
(DBN)

A month after new Florida immigration laws took effect, advocates report rising in fear, confusion
(DBN)

Global rice prices surge close to 12-year highs, and could rise even more
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US Mortgage Rates Top 7% as Fitch Cut Added to Treasury Selloff
(DBN)

Fannie "Real Estate Owned" inventory Decreased in Q2
(DBN)

Atlanta Fed: Home Ownership Affordability Monitor
(DBN)

Big US banks are reportedly trying to dump commercial real estate loans - but buyers are scarce as pressures mount for property markets
(DBN)

First AmericaWeWork is on a downward spiral that could lead to bankruptcy n City to Tame Inflation Owes Its Success to Affordable Housing
(DBN)

The average Manhattan rent just hit a new record of $5,588 a month
(DBN)

WeWork’s ‘Substantial Doubt’ About Its Future Marks a Stunning Fall Once worth $47 billion, WeWork shares near zero after bankruptcy warning WeWork Offices Could Close As The Company Struggles To Stay Afloat WeWork Taps Directors With Bankruptcy Chops After Board Resignations - WSJ WeWork shares crumble on bankruptcy risk warning WeWork Risk Seen in Commercial Mortgage Bonds, Barclays Says With WeWork’s Very Existence in Doubt, Wall Street’s Last Bull Folds WeWork bankruptcy would hurt Manhattan office landlords WeWork bonds crater as investors shift into sell mode on going-concern warning WeWork Has Sent a Distress Signal. Here’s What to Know.
(DBN)

Here’s how much students pay per bedroom in America’s college towns
(DBN)

Owner of Latitude Five25 says he has no money to pay tenants, property tax or for maintenance of property
(DBN)

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Trucking:

What's $32mm Among Friends? Yellow Corporation ($YELL) Files a Nasty Chapter 11 Bankruptcy Case
(DBN)

Yellow’s Revenue Dropped, Liabilities Surged Ahead of Bankruptcy - WSJ
(DBN)

Trucking firm Yellow delays request to approve $142.5 million bankruptcy loan Yellow Sparks Bidding War to Replace Apollo-Led Bankruptcy Loan Trucking firm Yellow explores alternate bankruptcy loans Yellow Might Get Loan From Fellow Trucking Fleet to Pay Debts
(DBN)

Defunct Yellow reports Q2 loss
(DBN)

Teamsters, Yellow Step Up Accusations on Trucker's Collapse
(DBN)

Bankrupt Yellow Plans to Repay $700 Million Government Loan and Other Debts
(DBN)

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Politics:

Political violence in polarized U.S. at its worst since 1970s
(DBN)

Trump Blames Early Voting Methods for 2020. Now His Allies Are Embracing Them for 2024
(DBN)

Trump FactCheck: “During Biden’s first 30 months in office, just 2.1 million new jobs were created, and by contrast, during my first 30 months in office we created 4.9 million new jobs.”
(DBN)

Trump Says He Won’t Sign Pledge to Back Nominee Ahead of Republican Debate
(DBN)

5 burning questions for the first Republican debate
(DBN)

Ex-federal judge and prominent conservative: ‘There is no Republican Party’ Former federal judge: Trump now an even greater danger to American democracy
(DBN)

Ron DeSantis suspends second elected prosecutor as his 2024 campaign struggles
(DBN)

'Like a boxing match': Ron DeSantis and Gavin Newsom embrace ‘risk’ in surprise debate
(DBN)

Christie: Trump is ‘such a hot mess’
(DBN)

Harriss FactCheck:“There are polls that also say I have great approval ratings.”
(DBN)

Most Alabama voters want Tuberville to drop military hold: poll
(DBN)

Trump’s criminal trials prompt GOP political doomsday alarms
(DBN)

Pence swipes at Ramaswamy over 9/11 comments
(DBN)

House GOP moderates’ patience with conservative demands wearing thin
(DBN)

McCarthy dodges Hannity’s questions on Biden ‘bribery scandal’
(DBN)

Mike Pence Gets Outplayed by a Gas Pump in New Campaign Ad
(DBN)

Bernie Sanders funneled $200K in campaign cash to wife and stepson's nonprofit institute?
(DBN)

Ohio vote shows enduring power of abortion rights at ballot box, giving Democrats a path in 2024
(DBN)

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Celebs:

Cardi B Asks Court To Make Tasha K Pay $3 Million Despite Bankruptcy
(DBN)

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Healthcare:

Iowa hospital seeks bankruptcy to implement acquisition plan
(DBN)

Bankruptcy judge sets Sept. 19 deadline for Mercy Iowa City bids
(DBN)

South St. Louis hospital's closure leaves social, economic void
(DBN)

Lawmakers Probe Nonprofit Hospitals, Challenge Tax-Exempt Status
(DBN)

Hospitals and clinics are now among America's most dangerous workplaces
(DBN)


Top doctor leaving Louisiana due to anti-LGBTQ legislation
(DBN)

Mexico And Fulton Shuttered Hospital Owners Submit Reorganization Plan In Bankruptcy Court
(DBN)

COVID hospitalizations jump again: Maps show where it’s worst Covid-19 Hospitalizations Are Rising, Fueled by Heat and Waning Protection
(DBN)

The US has a new Covid-19 variant on the rise. Meet Eris.
(DBN)

Why GOP hopefuls aren’t talking about health care costs
(DBN)

Biden's health care wins are being undone — and at the worst possible time
(DBN)

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Crypto:

FTX Hits Out at Profit-Hungry Crypto Traders Riled by Draft Reorganization Plan FTX accuses creditors who oppose it of promoting hidden agenda FTX Rebuts Creditor Panel’s Statement on Lack of Consultation
(DBN)

FTX Exchange Administrators Clash with Creditor Panel Over Asset Control
(DBN)

EOS Foundation urges creditors to reject $22M Block.one settlement
(DBN)

Core Scientific Files Updated Restructuring Plan in Chapter 11 Bankruptcy Case
(DBN)

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Newspapers:

Santa Barbara News-Press Parent Company Owes $5.1 Million to Creditors in Bankruptcy
(DBN)

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Banking:

Warren wants Goldman CEO to name bankers tied to SVB deals
(DBN)

Banks' Problems Aren't Over, According to the Bond Market
(DBN)

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Corporate Reform:

$241M went to constituents of Republicans pushing CFPB changes: watchdog
(DBN)

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Accounting:

These Firms Are Cheap AF With the Deferred Start Date Stipends
(DBN)

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Movie Theaters:

Even ‘Barbie’ may not be able to rescue AMC Theaters
(DBN)

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Autos:

Beware the Wave: Bankruptcy Looms for U.S. EV Startups
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcies among private equity portfolio companies on track for 13-year high
(DBN)

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Mass Torts:

Purdue Pharma Fight Is Familiar Ground for US Bankruptcy Cop
(DBN)

300 New Orleans priests were reported for sexual abuse - only 25% are on archdiocese’s credibly accused list
(DBN)

New Orleans archdiocese failed to monitor priests accused of sexual abuse
(DBN)

Trial eyed in abuse cases against Apuron, others; ‘Rape’ survivor seeks better payout offer
(DBN)

'Painkiller': Peter Berg explores 'outrageous' influence of OxyContin boss
(DBN)

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SCOTUS:

In Bartenwerfer v. Buckley, Textualism Continues its Reign in Bankruptcy Law
(DBN)

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Litigation:

An Inside Look At Litigation Finance: An Interview With Chris Bogart
(DBN)

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UCC:

What You Need to Know About the New 2023 UCC Forms
(DBN)

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Aviation:

Private-Jet Firm Wheels Up Seeks Rescue Funding
(DBN)

Business Travel Prices Seen Climbing Even Higher to New Normal
(DBN)

Kal Airways promoter seeks attachment of 50% of Spicejet's daily revenue
(DBN)

Air India in talks with commercial banks for Rs 3,000 crore loan
(DBN)

Creditors of India's Jet Airways set conditions to drop suit
(DBN)

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Agribusiness:

Easterday family gives up attempt to resurrect controversial Oregon mega dairy
(DBN)

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Climate:

Wildfires rage across Maui, forcing evacuations as strong winds hamper response What’s driving Maui’s devastating fires, and how climate change is fueling those conditions People in Hawaii flee into ocean to escape wildfires that are burning a popular Maui tourist town Coast Guard rescues people fleeing into ocean to escape Hawaii wildfires At least 36 people have died in fires burning through Hawaii, county reports Maui town evacuated amid ‘unprecedented’ wildfires ‘Like something out of a horror movie’: Resident describes chaotic evacuation Hawaii 911 services down and hospitals overwhelmed with burn patients as wildfires rage Thousands are without power in Maui County Flames destroy businesses along major tourist strip in historic Maui town National Guard Deployed Hundreds of homes and businesses feared destroyed, thousands displaced in raging wildfires
(DBN)

Severe thunderstorms in first half of 2023 caused record amount in damages: research
(DBN)

‘Ridiculous’ heat keeps tormenting Texas, with no end in sight
(DBN)

Arizona Republicans Don’t Want to Hear About the Deadly Heat Wave
(DBN)

Long-term drought and near-term heat wave take toll on Arizona's desert ecology
(DBN)

Scientists look beyond climate change and El Niño for other factors that heat up Earth
(DBN)

Biden Decries Climate Threat But Does Not Declare Emergency Biden says he has ‘practically’ declared a climate emergency
(DBN)

Oil-rich countries brace for deadly heat
(DBN)

Hot tub-like Persian Gulf fuels 158-degree heat index in Iran
(DBN)

Rich Nations Must Meet $100 Billion Climate Goal, COP28 Director Says
(DBN)

22 US companies singled out for not filing science-based climate targets
(DBN)

Swiss Re says natural catastrophe insured losses hit $50 bln in H1 Unprecedented Levels of Damage From Storms This Year Is Upending US Towns and the Insurance Industry
(DBN)

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Tax:

Historic Supreme Court case could imperil the entire US tax code
(DBN)

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Art:

So long ‘immersive Van Gogh’: we deserve better than this cynical and elitist approach to art
(DBN)

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Labor:

Big risk, high reward for Newsom if he tries to end Hollywood strikes
(DBN)

Confusion in Hollywood as Some Productions Are Allowed to Continue
(DBN)

Billy Porter Says ‘I Have to Sell My House’ Due to Strikes, Slams Bob Iger for Saying ‘Our Demands for a Living Wage Are Unrealistic’: ‘F— You’
(DBN)

UPS delivery-driver job searches soar 50% after union secures wage hike that could see workers get a $170,000 yearly package Tech workers react to UPS drivers landing a $170,000 a year package with a mixture of anger and admiration Everyone wants to be a UPS driver now
(DBN)

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Ride Hailing:

San Francisco Has a Problem With Robotaxis
(DBN)

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Education:

New details emerge on how 6-year-old boy who shot Virginia teacher got mom's gun 6-year-old boy who shot his Virginia teacher said "I shot that b**** dead," unsealed records show
(DBN)

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Sovereigns:

World Bank Halts New Funding to Uganda Over Anti-LGBTQ Laws
(DBN)

Cleary Gottlieb Clinches Ruling to Prevent Bondholders From Seizing Argentine Mansion in Washington, D.C.
(DBN)

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UK:

Wilko is on the brink of collapse putting 12,000 jobs and 400 high street stores at risk Wilko collapses into administration putting 12,000 jobs at risk UK retailer Wilko collapses, putting 12,000 jobs at risk
(DBN)

UK Young Adults ‘Give Up on Property’ to Live With Parents Later in Life
(DBN)

UK Heads for Five Years of Lost Growth, Failure of ‘Leveling Up’
(DBN)

Babylon looks to sell UK business amid bankruptcy fears
(DBN)

UK Buy-to-Let Mortgages Sliding Into Arrears Surge by Almost 30%
(DBN)

UK Cost of Living Crisis Set to Ease for First Time in Two Years
(DBN)

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Canada:

Builder of RidgeView Place in Langford has filed for bankruptcy
(DBN)

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Russia:

Mushroom cloud looms near Moscow after ‘drone attack’ on missile parts plant as worker describes ‘whistle, flash & roar’
(DBN)

Ukraine says it busted an all-female spy ring who fed crucial military intelligence to Russia and the Wagner Group
(DBN)

A rift is growing between Xi and Putin after Russia mocked a Ukraine peace plan backed by China Russia's Awkward Spats with Key Allies Leave Putin Red-Faced
(DBN)

White House downplays CNN poll showing majority of Americans oppose more US aid for Ukraine
(DBN)

Russia Moves to Boost Military Near Europe After NATO Expansion
(DBN)

Yandex co-founder Volozh slams Russia's 'barbaric' invasion of Ukraine
(DBN)

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MENA:

Bibi wants security agreement from Biden as part of mega Saudi deal
(DBN)

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Germany:

Germany has spent €55K on Merkel’s hair and makeup since she left office
(DBN)

Germany At Risk Of Natural Gas Shortages For Years To Come
(DBN)

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China:

Country Garden Shows Even China’s Once-Mighty Builders at Brink Country Garden Chair Has Lost More Wealth Than Any Billionaire Another Chinese Developer Teeters, Raising Worries About the Economy
(DBN)

China’s real estate market roiled by default fears again
(DBN)

Current practices, complications of quasi-personal bankruptcy
(DBN)

China’s Economy Faces Yet Another Threat: Falling Prices China is edging toward deflation. Here's what that means. China’s economy is struggling but fears of sustained deflation are premature
(DBN)

China Stocks in Hong Kong Drop During Growing Economic Strains
(DBN)

Biden's real target on Chinese investment restrictions Companies rethinking China as Biden limits investments ‘Blatant economic coercion’: China slams Biden’s order limiting U.S. overseas tech investment
(DBN)

China exports plummet to lowest point since start of COVID pandemic as US firms turn away from rival amid tensions
(DBN)

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India:

WeWork's bankruptcy warning to not impact India unit
(DBN)

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Australia:

Australian Court Determines When Arbitration Costs Orders Can Be Recoverable Against A Company In Administration.
(DBN)

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Brazil:

Judicial Reorganization and Arbitration in Brazil: An Analysis of Jurisdiction
(DBN)

Bankers See Lower Delinquency Rates With Easing Cycle in Brazil
(DBN)

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