August 2, 2023

The Daily Bankruptcy News

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Law:

Associates form union at employment law firm
(DBN)

Goodwin Expands Financial Restructuring Group with Partner Robert Lemons in New York
(DBN)

Law Firm Ordered to Hand Over Accounts Linked to Tycoon’s Fraud
(DBN)

BigLaw firm cuts 11 lawyers, eliminates 24 staff positions following drop in partner profits Armstrong Teasdale Lets Go of 24 Staff, 11 Lawyers Biglaw Firm Announces Layoffs And Job Cuts Among Lawyers, Staff Armstrong Teasdale Trims Staff, Lawyers in Latest Layoffs
(DBN)

Katten Lays Off Lawyers and Staff, Defers Some Associate Starts Am Law 100 Firm Announces Layoffs, Will Defer Some Incoming Associates Cuts spread at US law firms as Katten announces layoffs, postpones start dates Katten Lays Off Lawyers And Staff While Deferring Some Associates
(DBN)

Lieberman Discusses Restructuring Trends
(DBN)

Goodwin Attorney Loses Suit Against Partner Over Stock Buyback
(DBN)

Magic Circle Firm Wants To See More Socioeconomic Diversity Within Its Workforce
(DBN)

Taco Bell’s Mexican Pizza and Crunchwraps don’t look like advertising photos, suit claims
(DBN)

Top Tennessee law enforcement agency investigating after officer shoots suspect who fired outside Jewish school
(DBN)

Law Firm Data Breaches Surge In 2023
(DBN)

Whopper $267 million fee award in $1 billion Dell case shows why Delaware is different
(DBN)

Is dismissal bid effort to keep ADA ‘gravy train’ running? Tester urges SCOTUS to drop her case
(DBN)

Prosecutor ‘literally ran in high heels’ through courthouse hallway to save overdosing woman
(DBN)

Oxford school shooter was ‘feral child’ abandoned by parents, defense psychologist says
(DBN)

Trump charged in probe of Jan. 6, efforts to overturn 2020 election Special counsel charges Trump with conspiracy to defraud the U.S. Trump indictment alleges 5-part plot to overturn election Donald Trump Indicted For Trying To Overturn 2020 Election Trump Indictment Showcases Enron-Era Law’s Use in Jan. 6 Cases Trump sought to ‘exploit the violence and chaos’ of Jan. 6 with lies, indictment says Interactive: Read the annotated indictment here Trump's 3rd indictment is a winnable case — but it won't be a slam dunk, former federal prosecutors say Trump indictment details aggressive lawmaker outreach on Jan. 6 Trump hit with sweeping indictment in alleged effort to overturn 2020 election Trump charged by Justice Department for efforts to overturn his 2020 presidential election loss 5 things to know about the special counsel’s indictment of Donald Trump Takeaways from Trump's historic indictment Trump "disregarded the truth" of 2020 vote, indictment says Why Trump’s latest indictment will reverberate for years to come Rudy Giuliani and Sidney Powell appear to be among alleged Trump co-conspirators Who are the six co-conspirators in Trump's latest indictment on election interference? Trump says USA like Nazi Germany Anti-Defamation League blasts Trump team over Nazi Germany comparison Pence, key Jan. 6 witness, takes aim at Trump over indictment Pence and a Christmas call star in Trump indictment Trump Pressure on Pence Before Deadly Riot Central to Indictment Lawmakers and 2024 candidates respond to Trump's 3rd indictment Trump's "most consequential" indictment elicits emotional Dem response Trumpworld is going nuts over another indictment, but Joe Biden's just hanging out at the beach, hitting up a seafood joint, and going to the movies Haberman: Trump ‘rattled’ following indictment news
(DBN)

Trump told his top military advisor 'we're going to give that to the next guy,' apparently conceding Biden's win days before January 6
(DBN)

Michigan prosecutors charge Trump allies in felonies involving voting machines and illegal 'testing'
(DBN)

State court judge rules Trump false election claims while in office covered by presidential immunity
(DBN)

Trump Demands Mulligan In Clinton RICO Suit Because ... John Durham?
(DBN)

Trump's fear of "flippers" The new Trump indictment takes aim at his closest allies. They can save themselves by flipping against him Trumpworld is roiling over the possibility that more of their dirty secrets could be revealed if the 6 co-conspirators named in Trump's latest indictment get hauled up too: NYT's Haberman
(DBN)

Wild transcripts show Rudy Giuliani made lewd comments to his rape accuser, insulted Jewish mens' genitals, and accused Matt Damon of being gay
(DBN)

Trump Telegraphs Plans To Blame His Lawyers For Coup Plot
(DBN)

After Paying Lawyers, Trump’s PAC Is Nearly Broke
(DBN)

Georgia prosecutor reports racist threats, abuse over Trump election investigation
(DBN)

Mar-a-Lago property manager is the latest in a line of Trump staffers ensnared in his legal turmoil
(DBN)

Trump plans to toss John Eastman and Giuliani under the bus to escape Jan. 6 conviction: report
(DBN)

Trump White House Press Secretary Explains Why Carlos De Oliveira Won't Flip
(DBN)

New York attorney general's Trump lawsuit "ready for trial," her office says
(DBN)

Former Georgia state lawmaker subpoenaed by Georgia grand jury: report
(DBN)

How Trump's Damning Testimony Could Be Used Against Him
(DBN)

Ray Epps' attorney smacks Joe Rogan for 'absurd' Jan. 6 claims
(DBN)

Embattled Texas Attorney General's Latest Legal Wrangling To Make His Impeachment Problem Go Away Ken Paxton says impeachment should be dropped because Texas voters chose him
(DBN)

A new Supreme Court case could allow criminals to get guns without background checks
(DBN)

Federal judge blocks interpretation of Idaho law that prohibits out-of-state abortion referrals
(DBN)

No room at the inn: Manhattan's Roosevelt Hotel becomes epicenter of city's 60,000-strong refugee crisis
(DBN)

White St. Louis cop blames racism after city passed him over in favor of another white cop to be chief
(DBN)

California woman's 1991 killer identified after DNA left under victim's fingernails
(DBN)

 

'Doomsday cult' mom Lori Vallow Daybell smirks in new mugshot, wears wedding ring
(DBN)

Prosecutors have surveillance videos and 2,500 pages of documents on Gilgo Beach suspect Gilgo Beach serial killings suspect Rex Heuermann gets first 2,500 pages of evidence in the case, and still insists police got the wrong guy
(DBN)

Man fleeing from cops with stolen car plows into 10 pedestrians on busy NYC streets before being tackled by NYers
(DBN)

FBI finds 200 sex trafficking victims, 59 missing children in two-week sweep
(DBN)

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Judges:

What to know about Tanya S. Chutkan, the judge overseeing Trump's Jan. 6 case Judge assigned to Trump’s Jan. 6 case is a tough punisher of Capitol rioters Judge in Trump's latest criminal case is 'toughest punisher' of Jan. 6 rioters, once repped Theranos Donald Trump indictment: Presiding Judge Tanya Chutkan donated thousands to Obama - before appointment Judge assigned to Trump case previously said ‘the country is watching to see what the consequences are’ for January 6
(DBN)

Texas financier James Dondero says judge Stacey Jernigan used him as inspiration for her latest legal crime thriller Hedging Death after being assigned to his bankruptcy case
(DBN)

Sexual harassment case against US judiciary heads to mediation
(DBN)

In Wisconsin, a court that almost overturned Biden’s win flips to liberal control
(DBN)

A Supreme Court Justice Of Few Words
(DBN)

The Arrogance of Samuel Alito
(DBN)

Proposed FY 2024 Funding Levels Would Hurt Courts and Public, Letter to Congress Says Judiciary Warns of Layoffs, Safety Risks if Funding Not Boosted
(DBN)

No Judge Should Serve Forever
(DBN)

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Wall Street:

Stock futures fall after Fitch downgrades U.S. rating, earnings season continues
(DBN)

Struggling Tupperware, Yellow join meme-stock club with rally
(DBN)

The S&P 500 is barreling toward record highs. The Fed will decide if it gets there Why JPMorgan's trading desk says a new record high in the S&P 500 'feels inevitable'
(DBN)

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Layoffs:

CVS to lay off 5,000 workers in cost-cutting move
(DBN)

Former employees remain uncompensated after MediaMath’s bankruptcy filing
(DBN)

After liquidation, Christmas Tree Shops to lay off 531 NJ workers
(DBN)

AI Study Says Stocks Already Pricing a Job-Replacement Premium
(DBN)

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Personal Finance:

'Lazy girl jobs' put workers at risk of layoffs and sacrifice long-term job progression, career expert says
(DBN)

I work remotely from a Caribbean island. Here's how I relocated from Oregon, found love, and started a family, without comprising my career.
(DBN)

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Climate:

 Phoenix is first U.S. city with a monthly temperature above 100°F
(DBN)

Massive fire burning in California and Nevada is spawning ‘fire whirls’
(DBN)

Biden's Climate Law Only Halves US Greenhouse Gas Emissions by 2050: Study
(DBN)

China’s capital Beijing battered by heaviest rainfall in 140 years
(DBN)

Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
(DBN)

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Economy:

Fitch downgrades U.S. credit rating from top score after debt ceiling crisis Warns of Mild Recession Fitch downgrades US credit rating citing 'steady deterioration' of US governance amid frequent debt ceiling battles Fitch's downgrade of the US economy is 'strange' and 'bizarre,' top officials and analysts say Why the US credit rating was cut by Fitch and what it means US Credit Downgrade by Fitch Attacked as Baseless by Biden Officials Analysts Say US Dollar’s Drop on Fitch Downgrade Unlikely to Persist Summers, El-Erian Pile Criticism on Fitch US-Downgrade Decision U.S. debt downgrade sinks global markets — but economists are not concerned World’s Shrinking AAA Debt Options Include Singapore, Norway
(DBN)

Americans’ Spending Set to Slow as Income Dips Below 2019 Trend
(DBN)

BofA Joins Fed in Reversing Recession Call Amid Growing Optimism
(DBN)

US job openings fall to more than two-year low in June BLS: Job Openings Decreased Slightly to 9.6 million in June US job openings fall to lowest level since 2021, layoffs ease
(DBN)

Why the Federal Reserve has made everything more expensive to make things less expensive
(DBN)

Antiwork trends like ‘lazy girl jobs’ show how young people are rallying against burnout culture
(DBN)

'I take the rest of the day off': How employees are secretly using AI to duck out early
(DBN)

Job Turnover Eased in June as the Labor Market Cooled
(DBN)

ISM® Manufacturing index Increased to 46.4% in July
(DBN)

Can Joe Biden convince Americans the economy is actually good? A Run of Strong Data Buoys Biden on the Economy
(DBN)

Existential threats to humanity are soaring this year
(DBN)

The hidden wave of employees using AI on the sly
(DBN)

Caterpillar warns of slower sales, margins in third quarter
(DBN)

Here’s what’s in DeSantis’ economic plan
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

CoreLogic: US Annual Home Price Growth Inches Up in June
(DBN)

Mortgage demand from homebuyers drops for the third straight week as interest rates rise
(DBN)

How much pain could commercial real estate heap on U.S. banks and the economy? A lot.
(DBN)

Divvy Wants to Make Rent-to-Own Deals Easy. Many Customers Find Them Hard.
(DBN)

Asking Rents Negative Year-over-year
(DBN)

Construction Spending Increased 0.5% in June
(DBN)

A real estate agent was fined $15,000 for drinking milk out of a carton from a seller’s fridge
(DBN)

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Municipalities:

Miami Sees First Population Drop in Decades - WSJ
(DBN)

10 Big U.S. Cities That Are Shrinking at an Alarming Rate
(DBN)

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Oil/Gas:

Weaker European Gas Prices Push LNG Imports to Lowest Since 2021
(DBN)

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Retailing:

Inside Overstock's unusual takeover of Bed Bath & Beyond
(DBN)

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Advertising:

Signs of optimism shine through the bleak ad market
(DBN)

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Politics:

Labash: How Republican Party Sold Their Soul
(DBN)

Where the Republican Presidential Candidates Stand on Five Key Economic Issues
(DBN)

Trump's courtroom calendar clashes with 2024 campaign
(DBN)

Congress tries to break fever of incivility amid string of vulgar, toxic exchanges
(DBN)

Biden spoke with son's business associates numerous times, former partner tells lawmakers
(DBN)

Trump tied with Biden even as majority sees “serious federal crimes” Despite Trump’s legal woes, half of the US plans to vote for him. Here’s why
(DBN)

More Republicans in new poll say Trump committed ‘serious’ crimes
(DBN)

Trump’s campaign finances are strained as legal peril mounts
(DBN)

Trump ad compares Biden to ‘corrupt third-world dictator’
(DBN)

New Fundraising Report Reveals Trump PAC Paid Eye-Popping Amount to Melania’s Stylist for ‘Strategy Consulting’
(DBN)

DeSantis-appointed board eliminating minority-based hiring, contracting at Disney World Disney to Florida on Diversity: Pound Sand Group: DeSantis win in Disney lawsuit could embolden actions against journalists
(DBN)

Harris fires back at DeSantis offer to talk Florida’s Black history curriculum Meet the "scholars" who created Florida's new Black history curriculum College Board pushes back on Florida work group member who likened new Black history standards to AP curriculum
(DBN)

No Labels to GOP donors: We are your anti-Trump alternative
(DBN)

‘This belongs in the Smithsonian’: Inside the meme video operation that swallowed Ron DeSantis’ campaign
(DBN)

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Media:

Vice Media Executives Depart After Bankruptcy Sale Is Completed
(DBN)

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Art:

The Company Behind the Wildly Popular ‘Immersive Van Gogh’ Experience Has Filed for Bankruptcy
(DBN)

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Healthcare:

DAP Health completes acquisition of bankrupt California clinics
(DBN)

Iowa hospital's 'financial freefall' sparks move to seek receiver
(DBN)

Will bankrupt Madera hospital reopen? Why some are optimistic, despite challenges ahead
(DBN)

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Retailing:

Overstock CEO has big plans for Bed, Bath & Beyond’s leftovers
(DBN)

Amazon employees leak secret info that marketplace sellers can buy on Telegram
(DBN)

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Labor:

As Writers Strike Nears Day 100, WGA & AMPTP Seek Path Back Toward Negotiating Table
(DBN)

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Fraud:

Man who said he was missionary accused in $30M scam that was supposed to send Bibles to China
(DBN)

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Crypto:

FTX US customers may not get all funds back in chapter 11 plan FTX reboot still in the works, creditors could get equity FTX Says Legacy Customers Could Become Exchange’s New Owners - WSJ FTX creditors unimpressed with exchange’s bankruptcy exit plan Surprise action by FTX creditors FTX Didn’t Speak Up About Exchange Reboot Plans, Say Creditors
(DBN)

FTX To Eliminate FTT Token, Suggests Creditors Be Paid In Cash
(DBN)

FTX's Bankman-Fried, seeking to avoid jail, denies witness tampering
(DBN)

FTX’s draft re-organization plan stirs controversy: Creditors voice concern and demand greater involvement
(DBN)

Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
(DBN)

3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
(DBN)

Texas objects to Voyager-Binance.US deal, court filing shows
(DBN)

Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement
(DBN)

Former MtGox CEO Makes Revelation That May Excite Creditors
(DBN)

A bankrupt crypto firm tried to return funds — but customer data might’ve been stolen instead Voyager May Have Been Hacked in Bankruptcy Process as Customers Recovered Money
(DBN)

The legal debate on whether cryptocurrencies are subject to SEC rules just got more complicated
(DBN)

____________

Ride Hailing:

Uber's 2.95 Mile Ride Cost $50
(DBN)

Uber drives further up the road to redemption
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Rise 10% and Local Courts Are Feeling the Pinch
(DBN)

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Discharge:

Bankruptcy Appellate Panel Rules That A Section 524(a) Discharge Does Not Protect The Debtor’s Alter Egos (US)
(DBN)

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Mass Torts:

The Girl That Saved The Boys: The Resolution of the Boy Scouts of America Chapter 11 Bankruptcy
(DBN)

Controversial Move: Boy Scouts Embrace LGBTQ Advocacy at National Jamboree Camp Amid Membership Decline
(DBN)

J&J Is Left Weighing Options After Second Talc Bankruptcy Tossed
(DBN)

J&J vows to appeal bankruptcy ruling that talc claims are not 'financial distress'
(DBN)

Johnson & Johnson: Bankruptcy Court’s Talc Ruling Likely Extends Litigation but No Fair Value Impact
(DBN)

Plaintiff lawyers seek payment for thwarting J&J talc bankruptcy
(DBN)

Should A Mass-Tort Bankruptcy Plan, With 95% Creditor Approval, Be Confirmed? (In re Purdue Pharma)
(DBN)

With neighboring dioceses settling bankruptcies, Buffalo Diocese faces growing pressure
(DBN)

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Sales:

Fifth Circuit Confirms the Value of Bid Protections in Section 363 Sales
(DBN)

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Aviation:

New loan keeps Western Global in the air – but only for now
(DBN)

An annoyed American Airlines pilot is going viral for lecturing passengers on how to behave on his flight: 'Nobody wants to hear your video'
(DBN)

Travel boom fuels record Global Entry applications and long waits
(DBN)

Go First Could Secure Higher Financing Than Previously Planned
(DBN)

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Autos:

Vehicles Sales at 15.74 million SAAR in July; Up 18% YoY
(DBN)

How Tesla’s yarn unspooled Federal agency investigating new Tesla models’ steering
(DBN)

How EVs are upending the 100-year-old auto supply chain
(DBN)

____________

Social Media:

Data leak from far-right forum Poast reveals daycare owner with Nazi avatar
(DBN)

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Trucking:

Yellow reported to be nearing deal for bankruptcy loan Apollo leads deal to provide trucking firm Yellow with bankruptcy loan Economic Uncertainty Mounts as a Major Freight Carrier Heads to Bankruptcy Trucking expert calls Yellow bankruptcy a ‘travesty, one of the largest’ within the industry Yellow’s laid-off truck drivers will have a tough time finding jobs like the ones they just lost Why Trucking Giant Yellow’s Shutdown Could Cost Taxpayers Money - WSJ
(DBN)

Yellow’s stock quadruples in 2 days even after reports that bankruptcy is coming
(DBN)

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Museums:

The Price of Admission to America’s Museums Keeps Rising
(DBN)

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Education:

'No one is coming to our rescue': Inside rural California's alarming teacher shortage
(DBN)

More teachers are quitting their jobs. Educators of color often are more likely to leave
(DBN)

Christian Nationalists Can’t Wait for This School in Oklahoma to Open
(DBN)

____________

Bicycles:

The company behind Helbiz e-scooters is now going after VanMoof’s e-bikes
(DBN)

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Religion:

Church abuse hangs over Pope's Youth Day trip to Portugal
(DBN)

Hubbard gets married after Vatican rejects laicization request
(DBN)

____________

Tech:

Elon Musk’s Lawsuit Threats Against a Nonprofit Prove He’s a Free Speech Phony
(DBN)

Can AI solve the government's giant, growing backlog of public records requests?
(DBN)

Fifth Circuit Pauses Injunction Restricting Communications Between the Government and Social Media Companies Over Content Removal
(DBN)

____________

UK:

Circularity Scotland collapsed with debts of more than £86m
(DBN)

Two Home REIT tenants enter creditors' voluntary liquidation
(DBN)

'Dire' forecast of millions of cuts to Wirral Council services
(DBN)

Breakfast Is Back in London, as Workers Return to the Office
(DBN)

Man buys private jet after borrowing cash from council – now it is effectively bankrupt
(DBN)

UK House Price Declines Deepen as Borrowing Costs Cut Demand
(DBN)

____________

EU:

Europe's New Rules Make It Harder to Ditch Holdouts in Debt Restructuring
(DBN)

Europe’s Economy Expanded in Spring, and Inflation Has Eased
(DBN)

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Canada:

Meta Platforms to Begin Blocking News for Canadian Users - WSJ
(DBN)

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Russia:

Russia accuses Ukraine of striking same Moscow building that was hit by drone days ago Drone attacks in Moscow’s glittering business district leave residents on edge
(DBN)

Wheat Jumps as Ukraine Says Russia Strikes Odesa Region Port
(DBN)

The Kremlin has pumped so much money into the economy that it's creating a boom — but this house of cards could topple anytime soon
(DBN)

Russia's seaborne oil exports hit their lowest level in 7 months
(DBN)

Ukraine has tested its allies’ patience with its military strategy and demands
(DBN)

Ukraine Gains Momentum as New Russian Threats Loom
(DBN)

Poland puts NATO on alert after Belarus violates airspace – troops scrambled to border Poland Calls for Belarus Isolation After Airspace Incident
(DBN)

In Ukraine, Amputations Already Evoke Scale of World War I - WSJ
(DBN)

Report: Russian forces carried out grisly war crimes on Kherson prisoners Nearly half of those held in Russian detention in Kherson were tortured and subjected to sexual violence, report says
(DBN)

Wall Street Reaped Ruble Fortune on Clients Fleeing From Russia
(DBN)

____________

China:

Law In Books Versus Law In Action In the Landmark Shenzhen, China, Personal Bankruptcy Regime
(DBN)

China pledges financing support for small firms amid weak economic recovery
(DBN)

Chinese millennials are freaking out about the 'Curse of 35' — when they get too old for entry-level jobs but are too young and broke to retire
(DBN)

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Luxembourg:

The new judicial reorganization by collective consent: Key features
(DBN)

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Brazil:

KPMG warned Brazil's Americanas about lack of financial controls in 2019, partner says
(DBN)

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MENA:

Israel’s Netanyahu rules out civil war as mass protests divide country over judicial reform
(DBN)

____________

Switzerland:

Swiss Factory Weakness Deepens With PMI at 14-Year Low
(DBN)

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