August 21, 2023

The Daily Bankruptcy News

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Law:

Biglaw Partners *Still* Don't Want To Go Back To The Office
(DBN)

Davis Polk Inks Manhattan’s Biggest Office Lease of 2023
(DBN)

Sullivan & Cromwell's Investments in AI Lead to Discovery, Deposition 'Assistants'
(DBN)

ABA's law school free speech proposal moves forward
(DBN)

You Might Want To At Least Wear Pants For Your Next CLE
(DBN)

Comp Likely to Top $10M for 3 Kirkland Laterals Jumping to Paul Weiss
(DBN)

Being A Lawyer Means Never Having To Pick Just One Job
(DBN)

Anderson Kill’s former CFO sues for alleged disability discrimination
(DBN)

Top Law School Staff Member Arrested In Underage Predator Sting Operation
(DBN)

Former WSJ reporter ends Indian hacker lawsuit against Dechert
(DBN)

DeSantis gets more lawyer donations than Trump but not quite as much as Biden
(DBN)

Lawyer’s timeshare-donation tax shelter was ‘more of a bogus tax scheme,’ 9th Circuit says
(DBN)

It's Usually Fine For Lawyers To Be Friends With Their Clients
(DBN)

Former US attorney general says Trump ‘should serve time’ if convicted
(DBN)

Trump’s pre-trial ‘testimony’
(DBN)

Georgia indictment sharpens rift between Trump and the Peach State Former White House lawyer on Trump’s expected surrender in Georgia: ‘He won’t enjoy it’ Troubled Georgia jail set to make history as first to take Trump's mugshot Trump cancels press conference he said would clear him in Georgia case Donald Trump Calls Off Press Conference, Will Present 'Irrefutable' Evidence Of Vote Fraud During Infrastructure Week Christie: Trump Canceled Election Fraud Press Conference Because 'He's Scared' Of Jail In Georgia Case Against Superstar Rapper, Hints of How Trump Case Could Unfold A former Giuliani mayoral staffer says Fani Willis will be talked about as a future Georgia governor or vice president if she convicts Trump Trump to surrender to Georgia police ‘no earlier than Thursday’ Trump Supporters Brush Off Atlanta Indictment in Pre-Debate Poll
(DBN)

Legal scholars increasingly raise constitutional argument that Trump should be barred from presidency
(DBN)

Mark Meadows Shoots Down Trump’s Classified Docs Spin Meadows told special counsel he could not recall Trump ever declassifying Mar-a-Lago docs: Sources
(DBN)

Trump’s lies tested limits of the bully pulpit. His right to say them is at core of criminal defense
(DBN)

Trump's Claim of Standing Order to Declassify Docs Was News to Mike Pence
(DBN)

'A fallen hero': Rudy Giuliani faces the music ‘More than Shakespearean’: Former NYC Mayor Bill de Blasio on Giuliani’s downfall Live by RICO, Die by RICO Giuliani Repeatedly Sought Financial Lifeline From Trump Would Giuliani go to jail for Trump? Hear what ex-spokesman thinks
(DBN)

Mark Meadows Has Gone Quiet
(DBN)

Judge finds Donald Trump's appeal in E. Jean Carroll case 'frivolous'
(DBN)

Proud Boy on house arrest in Jan. 6 case disappears ahead of sentencing Court tosses Jan. 6 sentence in ruling that could impact other low-level Capitol riot cases Feds want decades for Proud Boys leader Enrique Tarrio for Jan. 6 seditious conspiracy
(DBN)

Meet Kenneth Chesebro, ‘the brains’ behind Trump’s fake elector scheme
(DBN)

In talks with prosecutors, Hunter Biden’s lawyers vowed to put the president on the stand Hunter Biden’s Lawyer Steps Down From Case Before investigating Hunter Biden, prosecutor worked with brother Beau
(DBN)

How an indicted Allianz exec lost the right to shield privileged confidences
(DBN)

Federal Judge Blocks Parts of Texas Voter ID Law
(DBN)

Federal judges rule against provisions of GOP-backed voting laws in Georgia and Texas
(DBN)

Southwest Religious Training Order Halted as Airline Appeals
(DBN)

Law banning transgender students from female sports likely unconstitutional, 9th Circuit says
(DBN)

Former judge declines to serve as Lt. Gov. Dan Patrick’s adviser for Ken Paxton impeachment trial Evidence Against Paxton Released to Public Paxton Assistant Star Witness Against Him
(DBN)

Man shoots and kills clothing store owner for flying Pride flag outside store
(DBN)

Appeals court finds parental kidnapping law does not apply to tribal nations
(DBN)

Disney-DeSantis feud takes another turn with new damages claim DeSantis Crony Overseeing Disney Tax District Serving Illegally Because OF COURSE!
(DBN)

Leon Black Sex Assault Case Feud Grows With Email Disclosures
(DBN)

The beheading of tech CEO Fahim Saleh, and the tiny clue that may clinch the case against his personal assistant
(DBN)

Families crossing U.S.-Mexico border in near-record numbers A Republican lawsuit threatens a Biden immigration policy thousands have used to come to the US Immigrant workers’ lives, livelihoods and documents in limbo after the Hawaii fire
(DBN)

Michael Jackson sexual abuse lawsuits revived by appeals court
(DBN)

Cops: Woman Put Bug Spray In Beau's Drinks
(DBN)

'I messed up:' Man calls father-in-law after killing wife, three kids, report says
(DBN)

Man convicted in double murder after vodka-and-beer-fueled argument over bad haircut
(DBN)

DNA, genetic genealogy focus of Bryan Kohberger hearing in Idaho Four murders Judge rejects Bryan Kohberger’s request for stay of trial
(DBN)

Sex offender used Facebook to meet mothers, sexually assault them and daughters: Deputies
(DBN)

After 48 years and a Baltimore author’s true crime book, police make arrest in Pennsylvania cold case
(DBN)

Mississippi police admit 'error in judgment' over taking 10-year-old to jail for peeing behind his mom's car
(DBN)

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Judges:

Chuck Todd: Trump ‘is systematically attacking’ prosecutors and judges in his cases
(DBN)

The case for optimism about the Supreme Court
(DBN)

Federal judge orders release of county’s unrepresented defendants, says problem is ‘complete tragedy’
(DBN)

State Supreme Court Justice Caught Editing Own Wikipedia Entry
(DBN)

St. Joseph probate judge Cichowicz to serve 45-day suspension without pay
(DBN)

US appeals judge, colleagues fail to resolve dispute over misconduct probe
(DBN)

Appeals judge kicked off bench; ‘the judiciary has no place for dishonest persons,’ top state court says
(DBN)

You Will Absolutely Believe James Ho's Financial Connection To Plaintiffs In The Abortion Pill Case
(DBN)

Assessing Supreme Court Decisions
(DBN)

Court staffer's firing upheld over threat to run over Black Lives Matter protesters
(DBN)

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Wall Street:

Stock futures nudge higher after another losing week on Wall Street
(DBN)

Nasdaq set for worst month of 2023 as interest rates rise
(DBN)

Consumers have spent all of their excess savings from the pandemic. That's just one reason why stocks are poised to fall, JPMorgan says
(DBN)

How to Get Rich and Famous From a Stock Market Crash
(DBN)

Global stock markets have been buoyed by 'stupid' people ignoring China and Russia risks, veteran investor days
(DBN)

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Newspapers:

Marion city council refuses to address Kansas newspaper raid, uses 47 exclamations points in bizarre message Court documents suggest reason for newspaper raid A raid on a Kansas newspaper likely broke the law, experts say. But which one? Kansas Newspaper Is Talk of Town, and Not Just for Getting Raided County Attorney Rejects Warrant Used In Raid Of Small Kansas Newspaper, Asks Court To Force Cops To Return Seized Devices
(DBN)

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Layoffs:

Milwaukee Master Lock facility will layoff 325
(DBN)

CVS Health announces more than 300 job cuts
(DBN)

Postal service contractor cutting 660 jobs
(DBN)

Express plans 150 layoffs
(DBN)

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Labor:

Employee Bankruptcy Trauma
(DBN)

Philadelphia Musicians Authorize Strike Ahead of New Season
(DBN)

Electric vehicle jobs are at the heart of Detroit's high-stakes labor talks
(DBN)

New York Workers Are Waiting on $79 Million in Back Wages
(DBN)

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Healthcare:

Mercy Hospital properties valued at $137.3M, nearly seven times $20M agreement
(DBN)

Medical debt is squeezing the middle class, report says
(DBN)

Rural hospitals feel squeeze from Medicare Advantage
(DBN)

Aug 18th COVID Update: New Pandemic Low for Deaths
(DBN)

Senior-Living Operator Files for Bankruptcy Due to Pandemic
(DBN)

Maryland reports first locally acquired malaria case in 40 years Florida malaria cases baffle experts
(DBN)

A nearly $200,000 fine is threatening to shut down a Florida abortion clinic. But activists have already crowdfunded half of it.
(DBN)

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Economy:

Bond vigilantes are 'saddling up.' Here's how concerned investors might take action over the ballooning federal deficit.
(DBN)

Fed Can’t Celebrate Yet as Investors Expect Rates, Inflation to Remain Elevated
(DBN)

Q3 GDP Tracking: Moving Up
(DBN)

Jeremy Grantham warns a recession is still coming and the Fed is 'almost guaranteed to be wrong'
(DBN)

Amazon Employee Crafts Satirical 'Leadership Principles' Amid Return-To-Office Uproar: 'Fire And Demote The Best'
(DBN)

Meta’s updated RTO mandate is as strict as Amazon’s, with a few unique rules. Here are all the key details Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don't show up 3 days a week
(DBN)

Majority of Americans say the economy's bad, but their own finances are good: poll
(DBN)

Biden’s infrastructure building boom is missing one thing: Workers
(DBN)

Christie: Social Security, Medicare cuts are a necessary ‘political risk’ in today’s economy
(DBN)

Covid Funds Bailed Out Rich Musicians
(DBN)

Lawler: Is The “Natural” Rate of Interest Back to Pre-Financial Crisis Levels?
(DBN)

IMF chief cites her life behind Iron Curtain in warning of new Cold War
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Fears grow for property sector as WeWork scrambles to stay afloat WeWork: What went wrong for the much-hyped firm? WeWork's future: What to know after the company sounds the alarm on its ability to stay in business
(DBN)

Oregon Bankruptcy Court Decides a Post-Foreclosure, but Post-Petition Eviction of a Borrower Violates the Automatic Stay
(DBN)

'Slum' landlord stuffed 40 tenants into a 4-bed house, making $450,000
(DBN)

The Man Who Made the Suburbs White
(DBN)

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Municipalities:

Pro-bondholder member of Puerto Rico Oversight Board resigns in protest
(DBN)

PREPA plan delayed again despite objections
(DBN)

Jackson, MS: A Water Crisis That Never Ends
(DBN)

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Oil/Gas:

‘Orphan well’ mishap stirs suspicion and frustration in tiny Pennsylvania town
(DBN)

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Fraud:

Miami real estate broker who used $381K in COVID relief funds on Bentley, luxe apartment, gets 3.5 years behind bars
(DBN)

O'Keefe Probed for Looting Project Veritas
(DBN)

JPMorgan’s Javice Suit Put On Hold for Criminal Case
(DBN)

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Trucking:

Old Dominion Freight Line Bids $1.5 Billion for Yellow Terminals
(DBN)

Yellow bankruptcy sparks bidding war, $1.5 billion bid submitted for trucking terminals
(DBN)

The Teamsters and the Yellow Road to Bankruptcy - WSJ
(DBN)

Company bidding for defunct Carlisle Yellow truck terminal: ‘We know the people in this space’
(DBN)

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Climate:

The South Knows a Hot, Sticky Summer. But This? ‘It’s Hell.’
(DBN)

El Niño Is Coming—and It’s Going to Be Bad
(DBN)

Tropical Storm Hilary swirls northward packing deadly rainfall along Mexico’s Baja coast Hilary’s Rains Reach California Where Flooding Is Forecast Hilary expected to bring catastrophic, life-threatening flooding to US Southwest Hilary crosses into California threatening catastrophic flooding
(DBN)

Sweltering temperatures bring misery to large portion of central US, setting heat records
(DBN)

A couple prayed for their 14-year-old son, last seen at their Lahaina home. Then they found him Biden faces calls to declare climate emergency as he heads to Maui Hope is hard to let go after Maui fire, as odds wane over reuniting with still-missing loved ones Maui water is unsafe even with filters, one of the lessons learned from fires in California As Maui rebuilds, residents reckon with tourism’s role in their recovery Maui town ravaged by fire will ‘rise again,’ Hawaii governor says of long recovery ahead Unseen in life, invisible in death: Many Maui homeless residents still missing Maui emergency chief abruptly resigns amid Hawai'i fires response I'm a small business owner on Maui. We need tourists to keep coming to support the economy and it's super irresponsible to tell them to stay away.
(DBN)

A 'perfect storm' set Hawaii ablaze. Experts say it could happen almost anywhere
(DBN)

Millions under tropical storm warning as California braces for heavy rain and 'life-threatening' flooding
(DBN)

Hot classrooms are impairing student learning and health amid record-hot year, teachers say
(DBN)

Canadian wildfires force over 50% of people in Northwest Territories to evacuate Firefighters curb blazes threatening 2 cities in western Canada but are ‘not out of the woods yet’
(DBN)

‘The heat’s different now’ — why the U.S. was unprepared for a deadly summer
(DBN)

Thunderstorms are by far the costliest "major peril" event
(DBN)

Thousands more evacuated as Tenerife fire rages on Spain's Canary Islands
(DBN)

Cargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel Burn
(DBN)

Before and After Photo of Greenland Ice Sheet
(DBN)

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Celebs:

Elon Musk's Latest Antics Have Some Asking: Is He Out of Touch?
(DBN)

Katie Price wants to ' revive career' by going to prison: 'She thinks people will be behind her!'
(DBN)

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Ride Hailing:

Cruise Self Driving Taxi Hits Another Fire Truck Cruise to Cut San Francisco Fleet in Half
(DBN)

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Banking:

How do we fend off another banking crisis?
(DBN)

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Autos:

Mullen: Bankruptcy Is A Serious Risk
(DBN)

The under-$20,000 new car is history
(DBN)

Tesla didn’t fix autopilot after grisly fatal crash, engineers say
(DBN)

Time for Americans to Embrace Small Cars
(DBN)

America Still Loves Cars, But Some Cities Are Starting to Ditch Them
(DBN)

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Utilities:

Maui Fire Lays Bare Utility Missteps Mirrored Across the Country
(DBN)

Hawaiian Electric's stock gains after it says goal not to restructure
(DBN)

Maui wildfires spark new fears about outdated U.S. power grid
(DBN)

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Insurance:

Vesttoo claims Aon White Rock / BMA court action violates automatic stay
(DBN)

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Retailing:

Beloved discount retailer’s bankruptcy labeled a ‘complete breakdown’ by judge as employees still need to be paid
(DBN)

Some Walmart delivery drivers bringing groceries to customers' homes aren't who they say they are
(DBN)

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Student Debt:

‘I’ve had this black cloud looming over me’: How private lenders have left millions of college students with no hope for the future
(DBN)

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Crypto:

FTX Debtors Revise Settlement Proposal After Objection From U.S. Trustee FTX bankruptcy battle escalates as debtors bow to U.S. Trustee’s pressure
(DBN)

China's Evergrande Bankruptcy Filing Sends Ripples Through Crypto Markets
(DBN)

Court approves Celsius plan to repay 67% to 85% of customer claims
(DBN)

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Tech:

Elon Musk admits X 'may fail, as so many have predicted'
(DBN)

Musk’s throttling of rivals’ links stokes legal concerns
(DBN)

America’s Tech Giants Rush to Comply With New Curbs in Europe - WSJ
(DBN)

Red flags waving for tech stocks as AI bounce fades
(DBN)

AI-Created Art Isn’t Copyrightable, Judge Says in Ruling That Could Give Hollywood Studios Pause
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Here's why the surge in bankruptcy filings this year isn't as scary as it sounds
(DBN)

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Cross-Border:

China Evergrande Has $28.1 Billion Of Outstanding Bonds As It Files For Chapter 15 Bankruptcy
(DBN)

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Bankruptcy Policy:

Institutional Capture: Why We're Overdue for a New Bankruptcy Act
(DBN)

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Discharge:

Bankruptcy Code Does Not Preempt State Creditor-Harassment Claims, 4th Circuit Rules
(DBN)

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Mass Torts:

Nondebtor Releases and the Future of Mass Torts
(DBN)

Louisiana court upholds ‘lookback window’ in win for Catholic abuse victims
(DBN)

Funding for cops stokes debate over use of opioid settlement money
(DBN)

'Circumstances Have Changed': Lawyers Pitch Consolidated Talc Trials Against J&J
(DBN)

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Aviation:

Delta-Backed Private Jet Outfit Wheels Up Avoids Bankruptcy With $500 Million Investment
(DBN)

SAS Scandinavian Airlines To Remain In Bankruptcy Protection Until Next Year
(DBN)

Qantas Hit by Lawsuit Over Multibillion Dollar Travel Credits
(DBN)

A woman who got dragged for bringing a big box of Chipotle takeout on her flight says she'll bring food on a plane again — but she's 'not a monster,' so it won't be a tuna sandwich
(DBN)

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Steel:

U.S. Steel butts heads with steelworkers union on sale
(DBN)

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Education:

Georgia made it easier for parents to challenge school library books. Almost no one has done so
(DBN)

Teacher Shortages Hit Across America
(DBN)

Florida’s restrictive sex ed rules are causing back-to-school mayhem
(DBN)

‘There won’t be libraries left’: how a Florida county became the book ban heartland of the US
(DBN)

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Politics:

Trump to release taped interview with Tucker Carlson, skipping GOP debate Why Trump might regret passing on the first debate George Conway: ‘No reason’ for Trump to attend GOP debate Trump Says He Will ‘Not Be Doing the Debates’ With GOP Rivals
(DBN)

Mitt Romney's Political Journey Reaches a Crossroads
(DBN)

A Legally Besieged Trump Focuses on a Personal Goal: Revenge Against Hillary Clinton
(DBN)

Biden campaign expects GOP candidates to 'out-MAGA each other' during first debate
(DBN)

‘I don’t want to be the apple of Vladimir Putin’s eye’: Christie breaks with GOP rivals on foreign policy
(DBN)

Ron DeSantis’ Campaign Is Flailing. Enter the GOP’s Debate Wizard.
(DBN)

Donald Trump looks ‘stressed and unkempt’ as critics speculate about his health
(DBN)

DeSantis denounces leaked memo from PAC with debate strategy: ‘I haven’t read it’ For DeSantis, an Unforced Error Amplifies a Daunting Debate Challenge
(DBN)

Manchin claims both parties ‘villainize’ each other amid speculation about No Labels bid
(DBN)

Jimmy Carter’s grandson says former president, first lady are ‘in the final chapter’
(DBN)

Bucks County power struggle could hint at shifting suburban politics for 2024
(DBN)

"I've never seen anything like it": Economic analyst stunned at sources of Jared Kushner's funds
(DBN)

Military families dragged into Senate battle over abortion politics
(DBN)

Big GOP donors push for Trump alternative
(DBN)

Will Hurd doubles down on Trump criticism in Iowa, but this time hears cheers, not jeers
(DBN)

GOP presidential candidates all want to unravel the federal government
(DBN)

Jordan subpoenas Cititbank in investigation into bank info sharing with FBI
(DBN)

Tuberville: I Don't Care About Military Promotions
(DBN)

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Sovereigns:

Supporting Sovereign Entities in Troubled Financial Waters
(DBN)

Argentina’s Sergio Massa Heads to US for Talks With IMF on Loans
(DBN)

Ignore the angry bleating of aggrieved creditors
(DBN)

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UK:

UK Property Sellers Cut Asking Prices at Sharpest Pace This Year
(DBN)

Homebuilder shares tumble as UK housing market weakens
(DBN)

Black hole in town hall budgets rises to £5bn
(DBN)

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EU:

Higher Interest Rates and Sluggish Economy Fuel European Bankruptcies - WSJ
(DBN)

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Canada:

Secured creditors and environmental liabilities: The Qualex quagmire continues
(DBN)

The End of Homeownership
(DBN)

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Russia:

The resilience of Russia's stock market and its economy is a complete mirage masking deeper pain, Yale researchers say
(DBN)

The hidden weapon in Putin’s war on Ukraine: Refugee fatigue
(DBN)

Ukrainian soldiers detail desperate maneuvers by Russian forces firing on their own troops: 'They buried quite a lot of their own guys'
(DBN)

Russia’s first lunar mission in 47 years smashes into the moon in failure
(DBN)

The Netherlands and Denmark will give F-16 fighter jets to Ukraine, the Dutch prime minister says
(DBN)

Leaked U.S. Intelligence Offers Damning View of Ukraine’s Offensive – Despite New Positive Signs Kyiv Rejects Gloomy Assessments of Its Strategy
(DBN)

How Putin’s War Is Unleashing a Crisis Back Home in Russia
(DBN)

Ukraine is re-engineering a 36-foot-long Soviet-era missile system to strike inside Russia, UK intel says
(DBN)

DP Eurasia to file for bankruptcy of Russian Domino's Pizza franchisee
(DBN)

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China:

Third-Party and Bankruptcy Effects under Chinese Trust Law: Comparisons with English Trust Law
(DBN)

China's 40-Year Boom Is Over. What Comes Next? China cuts key interest rate as recovery falters China Is on Edge as Fallout From Its Real Estate Crisis Spreads Evergrande’s bankruptcy may be just the beginning of China’s real estate crisis Country Garden, Evergrande signal fresh wave of China property woes “I told you so”: Marco Metzler insisted China Evergrande was bankrupt in 2021, now his critics have been silenced How Serious Are China’s Economic Woes? China’s economy is flailing. Here’s how its problems could spill into global markets China’s banks have dialed back lending to the lowest level in 14 years as economic woes pile up Goldman Cuts China Stock Targets on Renewed Property Concerns Chinese Banks Disappoint With Smaller Lending Rate Cuts Why China is grappling with falling prices – and being compared to Japan Outlook For China's Property Sector Is Grim, But It Isn't The Only Drag On Its Economy Hong Kong’s Centaline property agency seeking US$137.5 million in unpaid commissions from mainland Chinese developers including troubled Evergrande China vows to coordinate support to resolve local government debt risks
(DBN)

China Is Harboring a Mysterious New Secret on This Tropical Island
(DBN)

U.S., Japan and Australia plan joint navy drills in disputed South China Sea, Philippine officials say
(DBN)

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Australia:

Asset Managers Boost Aussie Shorts to Record as Currency Sinks
(DBN)

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South Korea:

Risk of Debt Crisis Return Seen in Korea on Credit Union Woes
(DBN)

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MENA:

Dubai developer The First Group parent reaches standstill agreement with creditors
(DBN)

Rights group says Saudi Arabian border guards fired on and killed hundreds of Ethiopian migrants
(DBN)

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India:

Insolvency regulator IBBI Chief pitches for Standardizing Valuation
(DBN)

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