August 11, 2023

The Daily Bankruptcy News

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Law:

This Biglaw Firm Won't Be Moving To A 4-Day In-Office Attendance Policy -- Yet
(DBN)

Vinson & Elkins Cuts Remote Work to Monday or Friday
(DBN)

As in-person LSAT returns, most test-takers go remote
(DBN)

Schnader Harrison Approves Closure Plan After 89-Year Run
(DBN)

ABA Pushes Big Law on Diversity With Recruiting Guidance
(DBN)

Law Review Editors Should Get Paid By Their Law Schools, Says The ABA
(DBN)

APA Says Mental Health Questions On Bar Exam Character & Fitness Reviews Don’t Work
(DBN)

What Does ‘Life-Work’ Integration Mean When You’re A Lawyer Mom? (Part II)
(DBN)

Women Underrepresented In Leadership Positions, Overrepresented In Law School Debt
(DBN)

Graduates From This Law School Are Doing Just Fine
(DBN)

Dentons breaks up with Chinese law firm; will others follow? Dentons drops China
(DBN)

Don't Write That Confidential Email In Public! AI Can Now Snag Keystroke Sounds With 95 Percent Accuracy
(DBN)

Will the prestige of Purdue University help Concord Law?
(DBN)

Lawyer facing possible suspension touts new job—providing humanitarian aid in Ukraine
(DBN)

Lawyer sentenced for using unaware plaintiffs to file hundreds of disability suits
(DBN)

Trump valet pleads not guilty in classified documents case; property manager’s arraignment postponed Trump, Nauta plead not guilty to additional classified documents charges
(DBN)

Conservative Case Emerges to Disqualify Trump for Role on Jan. 6
(DBN)

Fox News Host Notes ‘Donald Trump Seems Rattled In Public’ For First Time Since Barrage of Indictments Began
(DBN)

Michigan Republicans plead not guilty in 2020 ‘fake electors’ scheme
(DBN)

Trump insults D.C. to get his trial moved. The city rolls its eyes Trump indictment sidesteps key details unearthed by Jan. 6 panel Special counsel proposes Jan. 2, 2024, trial for Trump on election charges Special counsel wants Trump Jan. 6 trial to be underway during anniversary of Capitol riot Special Counsel Proposes Jan 2 for Trump Election Obstruction Case. Trump Proposes NEVER. 'Does The 1st Amendment Still Exist,' Trump Howls, After Multiple Courts Sign Off On Twitter Warrant Trump Lawyers to Challenge Limits on Evidence-Sharing, Prosecutors Warn of Threats Let the Public Watch Trump’s Trial, Put Cameras In the Courtroom
(DBN)

Judge throws out WalkAway founder's lawsuit over MSNBC hosts' takes on Jan. 6 crime One Jan. 6 Leader Was a Struggling Actor
(DBN)

Trump’s Truth Social tipped FBI to man killed during arrest for Biden threat Who Was the Provo Man the FBI Killed?
(DBN)

Trump calls Barr ‘coward’ for not prosecuting Hunter Biden, investigating election fraud
(DBN)

Stephen Miller’s Group Is Suing Target Over Fallout From Boycott He Promoted
(DBN)

DeSantis' policy wins in Florida under siege in courts
(DBN)

Grand Jury Appears to be Probing Ken Paxton
(DBN)

Drug user cannot be barred from owning guns, US court rules
(DBN)

The 15 Least Safe Towns and Cities in America
(DBN)

Police cite ‘Marsy’s Law’ to withhold names of officers who shot suspects
(DBN)

'Hero' hotel worker credited with saving girls from sex trafficking
(DBN)

Appeals court rules for man who challenged ban on illegal drug users possessing firearms
(DBN)

Moment seven officers drag 'autistic' girl, 16, kicking and screaming from Leeds home for committing a 'hate crime' after she told female cop 'you look like my lesbian nana'
(DBN)

Family suing funeral home after 'accidentally' cremating woman
(DBN)

'Going to die there': Man set fire to apartment because girlfriend dumped him, cops say
(DBN)

School district lost over $6M in cyber attack
(DBN)

So You Think Racism is Dead in America
(DBN)

Man threatened Pittsburgh synagogue jury: Feds
(DBN)

‘Digidogs’ are the latest in crime-fighting technology. Privacy advocates are terrified.
(DBN)

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Judges:

Security bolstered for judge overseeing Trump election case
(DBN)

Thomas accepted more gifts from billionaire benefactors, new ProPublica report says Justice Thomas had more than one billionaire benefactor; friends lavished him with 38 vacations Clarence Thomas Has More Billionaire Friends That Lavish Him With Expensive Gifts Than We Previously Thought Clarence Thomas's Life of Luxury Has Had Even More Conservative Benefactors Durbin pans Thomas’s ‘shameless lifestyle’ after latest report he accepted lavish gifts Dems revive calls for Clarence Thomas resignation after new report
(DBN)

Federal judge considers ‘burning’ legal question—does ‘attorney fee’ need apostrophe and ‘s’?
(DBN)

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Wall Street:

Stock futures slip as traders prepare for another U.S. inflation report
(DBN)

Dow ends Thursday slightly higher, lifted by soft inflation data, Disney pops nearly 5% US stocks whipsaw but close higher as Wall Street mulls Fed outlook after July CPI
(DBN)

Teetering WeWork Takes on Meme-Stock Flavor With Shares Surging
(DBN)

Market Is Mispricing Impact of Biden’s Inflation Reduction Act, Goldman Says
(DBN)

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Tech:

ChatGPT fever spreads to US workplace, sounding alarm for some
(DBN)

Court skeptical of Biden admin's bid to reverse curbs on social media contacts
(DBN)

Paper exams, chatbot bans: Colleges seek to ‘ChatGPT-proof’ assignments
(DBN)

Elon Musk's X is hiring again, CEO says. It had slashed more than half its workforce.
(DBN)

Elon Musk is now floating the idea of having a 'noble' debate with Mark Zuckerberg instead of a tech bro cage fight
(DBN)

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Cannabis:

17% of Americans regularly smoke weed
(DBN)

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Healthcare:

Cano Health: Bankruptcy Likely After Dismal Q2 Results And Debt Covenant Violations
(DBN)

Suicides Hit All-Time High
(DBN)

Hospitals Shutter Maternity Wards Amid Falling Birthrates
(DBN)

Seniors’ medical debt soars to $54 billion in unpaid bills
(DBN)

Biden administration warns states as millions lose Medicaid
(DBN)

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Sports:

TV giants clash over NBA, NHL, MLB games as local rights go up for grabs
(DBN)

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Student Debt:

3 options for struggling student loan borrowers when payments restart
(DBN)

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Autos:

Judge OKs Bidding Procedures, Sale Deadline for Lordstown Motors
(DBN)

GM, Ford Shares Slide as $80 Billion Union Risk Hits Confidence
(DBN)

The EV plateau is coming. It's bad news for companies like Ford and Tesla.
(DBN)

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SPACs:

WeWork’s List of Ignominy Now Includes Highest-Profile SPAC Blowout
(DBN)

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Crypto:

FTX Creditors, UCC Clash Over Asset Control, Restructuring Plans FTX Fires Back at Creditors 'Willing to Gamble Estate Assets on Higher Returns'
(DBN)

FTX's Bankman-Fried, Seeking to Avoid Jail, Due Back in Court
(DBN)

BlockFi Creditors Are One Step Closer To Being Made Whole
(DBN)

Alex Mashinsky faces electronic monitoring while on bail, judge signs off on protective order
(DBN)

Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims
(DBN)

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Economy:

Inflation ticked up in July, reversing some progress in fight to slow price hikes Inflation rate ticks up first time in over year U.S. inflation rises for the first time in a year to 3.2% rate, but underlying measures remain mild Biden embraces July inflation report: ‘That’s Bidenomics’
(DBN)

Fed Seen Pausing in September After Tame Core-Inflation Report
(DBN)

Fed Has ‘More Work to Do’ to Get Inflation to Goal, Fed’s Daly Says
(DBN)

The Fed is done hiking rates – and could even cut early next year, Fundstrat’s Tom Lee and Mohamed El-Erian say
(DBN)

Cleveland Fed: Median CPI increased 0.2% and Trimmed-mean CPI increased 0.2% in July
(DBN)

BLS: CPI increased 0.2% in July; Core CPI increased 0.2%
(DBN)

YoY Measures of Inflation: Services, Goods and Shelter
(DBN)

Massive home-price appreciation might be the secret to keeping consumers afloat as savings dry up
(DBN)

Bacon Prices Set to Surge Anew in Threat to More Meat Inflation
(DBN)

Weekly Initial Unemployment Claims Increase to 248,000
(DBN)

Why consumers don't share economists' optimism about inflation
(DBN)

Private Lenders Take Control of More Companies as Rates Surge
(DBN)

House GOP weighs shutdown escape hatch: A deal with Dems
(DBN)

This is what the average retiree will lose if Social Security isn't fixed
(DBN)

Guggenheim CIO Says Credit Market Is ‘Next Shoe to Drop’
(DBN)

Zoom Ends No-Meeting Wednesday Policy, Calling It ‘Barrier to Collaboration’
(DBN)

Flexible Work Will Survive Despite Gloomy Signals From WeWork and Zoom
(DBN)

The remote work revolution is crashing into a cold reality: Research is finding workers are less productive at home
(DBN)

My company runs on a 4-day workweek. Our days can be intense but revenue has increased and we're never going back.
(DBN)

Private Lenders Take Control of More Companies as Rates Surge
(DBN)

Ex-Trump aide Stephen Miller's legal group files complaint against Kellogg's 'woke' programs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: "Mortgage Delinquencies Decrease in the Second Quarter of 2023"; Lowest Level on Record
(DBN)

The Long-Term Housing and Population Shift
(DBN)

The worst of the housing affordability crisis may be over, but that doesn't mean it'll get easier to buy a home soon
(DBN)

US Mortgage Rates Climb for a Third Week, Reaching 6.96%
(DBN)

Manhattan renters are now forking out a record-breaking average of $5,588 per month, even though people are still flooding out of New York
(DBN)

US Rent Just $16 Shy of Record as Shelter Costs Drive July Inflation
(DBN)

Luxury buildings woo residents with coworking spaces as remote work lingers
(DBN)

Starwood to Start Pitching New Distressed Real Estate Fund
(DBN)

Florida’s ‘Last Resort’ Property Insurer Is Now State’s Biggest
(DBN)

Bankruptcy court overturns results of February Black's Building auction
(DBN)

Digging Into David Zwirner’s Messy Chelsea Gallery Development Deal That Wasn’t
(DBN)

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Municipalities:

NYC Faces Budget Gaps of $40 Billion Through 2027, DiNapoli Says
(DBN)

Will Puerto Rico become a state? For one political science professor, it’s a personal question
(DBN)

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Oil/Gas:

IEA: Global Oil Demand Hits Record High
(DBN)

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Credit Cards:

Unhappy Campers and Their Credit Cards
(DBN)

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Labor:

Hollywood strikes' economic impacts are hitting far beyond LA
(DBN)

Hollywood Studios, Striking Writers Set to Meet Friday
(DBN)

Studios Are Raking in Profits While Actors and Writers Are on Strike
(DBN)

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Retailing:

Retailers say organized theft is biting into profits, but internal issues may really be to blame
(DBN)

Amazon axes some private label brands as part of wider cost cuts
(DBN)

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Education:

Colleges Spend Like There's No Tomorrow. 'These Places Are Just Devouring Money.'
(DBN)

Making admissions fairer: Colleges systematically reject lower-income students
(DBN)

Florida schools ‘hijacked by the left’ turn to anti-climate cartoons
(DBN)

Idaho loses its 'Teacher of the Year' after right-wing parents chase her out of state
(DBN)

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Politics:

McCarthy risks Texas revolt over border funding 14 Texas Republicans join Roy push to oppose DHS funding without border policy changes
(DBN)

House Conservatives Threaten to Shut Down Homeland Security
(DBN)

Biden plans to make abortion rights a key part of his reelection fight, campaign manager says
(DBN)

Staggering Ohio loss ignites an identity crisis within the anti-abortion movement
(DBN)

Manchin ‘thinking seriously’ about leaving Democratic Party
(DBN)

What Is Mike Pence Really After in the 2024 Race?
(DBN)

Christie: GOP candidates who don’t qualify for first debate should drop out
(DBN)

Elizabeth Warren sidesteps hit at Hunter Biden’s shady business deals: ‘I always worry about the influence peddlers’
(DBN)

GOP alarms go off after Ohio abortion vote
(DBN)

House GOP will subpoena Biden family, says Republican chairman
(DBN)

Comer calls White House spokesperson a ‘clown’ after Hunter Biden memo
(DBN)

Trump unleashes on Biden as legal problems mount
(DBN)

First Conservatives Came for Affirmative Action. Now They’re Gunning for DEI Programs
(DBN)

Georgia governor knocks Trump for refusing to sign GOP loyalty pledge
(DBN)

Tommy Tuberville: Florida’s third senator?
(DBN)

Robert F. Kennedy Jr.'s Unsubstantiated Bioweapon Claims Find Audience . . . in China
(DBN)

How Less-Educated Whites Fell Behind and Blamed Race
(DBN)

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Trucking:

Yellow bankruptcy: Treasury’s $700 million pandemic loan is ‘undercollateralized,’ congressman warns
(DBN)

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SPACs:

Smelling Blood in the Wreckage of the SPACs Craze
(DBN)

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Health and Beauty:

Amyris Files for Chapter 11 Bankruptcy
(DBN)

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Buses:

The Valley of Death Takes Out Another EV Maker
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy filings up in Indiana amid 10% increase nationally
(DBN)

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Mass Torts:

Justices put Purdue Pharma bankruptcy plan on hold Supreme Court blocks $6B Purdue Pharma opioid settlement, will hear case in fall Supreme Court temporarily blocks $6B opioid settlement, agrees to consider Sackler family shield
(DBN)

Congress Needs To Expand § 524(g) To Protect Future Claimants In Mass-Tort Cases (In re Aearo & In re Imerys)
(DBN)

Wisconsin DOJ asks to see documents related to clergy abuse sealed in Archdiocese bankruptcy case
(DBN)

New Clergy Sex Abuse Lawsuits
(DBN)

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D&O:

D&O Liability Insurance Policy – Assumed Vs. Available Coverage
(DBN)

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Claims Trading:

Bankruptcy Claims Sellers Should Consider All Risk Elements
(DBN)

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Aviation:

United Pilot Miscommunication Led to Hawaii Jet Dive Last Year
(DBN)

Delta settlement offers refunds to some passengers affected by COVID cancellations: Do you qualify?
(DBN)

Tiffany Gomas begs people not to ‘judge’ her for ‘not real’ airplane meltdown
(DBN)

FAA refers more than 20 unruly passenger cases to FBI for prosecution
(DBN)

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Tax:

IRS can’t find millions of sensitive tax records: watchdog
(DBN)

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Climate:

Urgent holiday warning as Spain faces ‘red alert’ 44C temperatures across swathes of the country
(DBN)

How Climate Change Turned Lush Hawaii Into a Tinderbox What Caused Hawaii's Wildfires? Death toll climbs as at least 55 confirmed dead Recovery to take years and cost billions Maui Wildfires: Climate Change Is Wrecking Former Havens Hawaii turns into ‘hell’ with residents forced into the water after heat from wildfire flames ‘began burning their skin’ on land Hundreds Missing What to know about Hawaii's catastrophic wildfires A local from one of the areas hardest hit by Maui wildfires says there are 'dead bodies floating on the seawall' Maui Resident Shares Harrowing Wildfire Escape: 'We Had Minutes' Widespread devastation across Maui neighborhoods, officials say Thousands stranded in Maui airport as wildfires scorch island Hawaii's historic former capital Lahaina devastated by wildfires Before and after: Satellite images show Hawaii wildfire devastation Nations warn against nonessential travel to Maui due to wildfires Biden signs disaster declaration for Hawaii over deadly fires White House response: Biden says ‘every asset that we have will be available’ Hawaii wildfires: Biden vows immediate aid, deploys military to assist victims Emergency doctor describes treating Maui fire victims Lahaina mourns loss of nearly all of its cultural institutions
(DBN)

Urban heat islands: Map shows the hottest neighborhoods in US cities
(DBN)

Miami Beach sand hits 137
(DBN)

Texas Keeps Setting Power Use Records as Summer Heat Rages
(DBN)

Ocean heat is off the charts, so where are the hurricanes? Forecasters warn a change is coming ‘Above-normal’ hurricane season now forecast due to higher sea temperatures Odds of Abnormally Intense Atlantic Hurricane Season Are Growing, Forecasters Say
(DBN)

Biden’s Plan to Quash Power-Plant Pollution Fuels Industry Clash
(DBN)

Biden Set to Bet Billions on Tech That Sucks Carbon Out of the Air Occidental and Climeworks big winners as Biden allocates billions for CO2 removal
(DBN)

UK Firms Aren’t Meeting Emissions Targets
(DBN)

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Event Facilities:

Bankruptcy judge keeps Arizona sports venue on track for sale Bankrupt Arizona Sports Park Wins Ruling Backed by Bondholders
(DBN)

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Celebs:

Mississippi high court refuses to let Brett Favre off the hook in suit over welfare funds
(DBN)

How Post Malone, Chris Brown, Nickelback, and other stars scored $200 million in taxpayer pandemic relief funds
(DBN)

Pop artist Todd Goldman sues friend and art dealer for $55 million for copying and selling hundreds of pieces used as collateral for a loan during expensive 2016 divorce | Daily Mail Online
(DBN)


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Pharma:

Costliest Medicare drugs more than tripled in price since entering market: report
(DBN)

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Publishing:

Wall Street predators destroyed Toys ‘R’ Us. Now they’re coming for Simon & Schuster
(DBN)

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Sovereigns:

US, UK, and Canada sanction Lebanon's former central bank governor over corruption allegations
(DBN)

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UK:

Litigation Funding in Insolvency – Where Does PACAAR leave us?
(DBN)

UK economy posts surprise second-quarter growth as households kept spending
(DBN)

Rulings support trustees in bankruptcy in carrying out their duties
(DBN)

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Russia:

Russia's economy takes a hit as its current-account surplus crashes 85% compared to last year
(DBN)

Russia’s military push on the eastern front prompts Ukraine to evacuate thousands of civilians
(DBN)

Inside Russia's attempts to hack Ukrainian military operations
(DBN)

A Drone’s View Behind Russian Lines: Cratered Fields and Charred Armor
(DBN)

Biden asks Congress for $24 billion in more Ukraine assistance Biden Seeks $40 Billion Emergency Bill, Setting Clash With GOP Biden's Ukraine request sets stage for GOP showdown
(DBN)

Ukraine adds Bacardi to its list of international war sponsors
(DBN)

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MENA:

Kuwait and Lebanon move to ban ‘Barbie’ ahead of film’s Mideast release
(DBN)

U.S. Reaches Deal With Iran to Free Americans for Jailed Iranians and Unfreezing Funds Iran Moves Four US Prisoners to House Arrest, Lawyer Says
(DBN)

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Cuba:

Cuba’s economic crisis is worse than after fall of the Soviet Union, economists warn
(DBN)

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New Zealand:

New Zealand to Require 900 Companies to Report Gender Pay Gaps
(DBN)

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Germany:

Germany’s Scholz Vows to Fight ‘Enemies of Democracy’ as Far Right Surges
(DBN)

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Mexico:

Mexico’s Poverty Rate Down to 36.3% in 2022 From 43.9% in 2020
(DBN)

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China:

Country Garden Billionaire Bags Big Payouts While Default Looms Country Garden Apologizes, Pledging to Solve Liquidity Issue Country Garden Billionaire Bags Big Payouts as Default Looms Investors are now eyeing Country Garden chairperson's huge $5.3 billion fortune for help with the struggling property developer's dues Country Garden, one of China's real-estate behemoths, could look at restructuring its debt after missing key interest payments this week: JPMorgan Country Garden shares hit record low after profit warning as debt fears loom
(DBN)

Biden calls China a ‘ticking time bomb’ over economic problems
(DBN)

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Malaysia:

Revamp of bankruptcy laws in Malaysia
(DBN)

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