August 23, 2023

The Daily Bankruptcy News

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Law:

Outside Funders Fuel Bankruptcy Lawsuits- WSJ
(DBN)

Law firms still struggling with economic challenges, new report shows
(DBN)

In Current Market, Billing Discipline 'More Critical Than Ever'
(DBN)

Biglaw Midlevel Associates Aren't Happy About Firm Culture, Office Attendance Mandates
(DBN)

Two Biglaw Firms Sued Over Diversity Initiatives Perkins Coie, Morrison Foerster Sued Over DEI Programs
(DBN)

The Lawyer Who Sued Harvard on Affirmative Action Is Going After Law Firms
(DBN)

Parents ask SCOTUS to extend affirmative action ban to high schools
(DBN)

Bill, Baby, Bill ... But Don't Forget To Enter Your Time -- Or Else!
(DBN)

Attorneys Know AI Will Have Significant Impact... Aren't Sure What To Do About That
(DBN)

Why differentiation is your firm’s responsibility
(DBN)

Law School Student Running For Mayor
(DBN)

Private equity firm lawyer with Chicago ties will be new White House counsel
(DBN)

Ailing Firms Value Independence, Autonomy Over Survival, Delaying Vital Merger Talks
(DBN)

How to Kill Your Culture in a Minor Recession, According to Midlevels
(DBN)

Kim Kardashian Shares The Same Struggles As Average Law Students
(DBN)

Law School's 'Restrictions' On Professor's Contact With Students During Sexual Harassment Probe Apparently Didn't Cover Auctioning Off A Date
(DBN)

Biden Names Former Prosecutor Ed Siskel as Top White House Lawyer
(DBN)

Pro-Trump lawyer John Eastman, key figure in Georgia election case, surrenders at jail Eastman stands by false claims 2020 election was ‘stolen’ after surrender in Georgia
(DBN)

Trump Says He Has Immunity. Will the Supreme Court Beg to Differ?
(DBN)

How Mark Meadows Pursued a High-Wire Legal Strategy in Trump Inquiries
(DBN)

First defendant in Trump Georgia election case surrenders at county jail Georgia Defendants Unleash Volley Of Bonkers Motions In Election Interference Indictment Full list: Trump co-defendants in the Georgia case who have surrendered Donald Trump Risks Turning Co-Conspirators Against Him 2 fellow Trump co-defendants join Meadows in seeking to move Georgia case to federal court Mark Meadows Pleads to Judge to Avoid Arrest in Georgia
(DBN)

Georgia’s fake electors acted at Trump’s direction, indicted ex-GOP chair says Donald Trump arraignment oddsmakers offer bets on how much he will weigh at Georgia booking Trump ‘Jokingly’ Games Out Fleeing Country By Jet Plane To Avoid Prison After $200k Bail Demand Trump jokes about flying to Russia after bond set in Georgia case ‘We’re Loving It’ — Atlanta Reacts to Donald Trump’s Indictment
(DBN)

Court limits Trump social media use
(DBN)

Can Trump Be Disqualified From The Presidency? Why Even Conservative Legal Experts Are In Favor Of It
(DBN)

How Trump’s attacks on prosecutors build on history of using racist language and stereotypes
(DBN)

Jenna Ellis Receives Over $100K in Donations After Trump Refuses To Help Ex-Trump campaign attorney Jenna Ellis reaches $100,000 bail agreement
(DBN)

Why Isn't MAGA Funding Everyone's Defense?
(DBN)

IT worker implicates Trump in classified files case Trump classified docs witness recanted false testimony after switching lawyers: prosecutors Trump Security Aide Flipped
(DBN)

More Subpoenas in Hunter Biden Probe
(DBN)

Texas Sent Migrants Into California’s Storm Emergency, Aid Groups Say LA mayor calls Abbott ‘evil’ for bussing migrants into tropical storm
(DBN)

Texas Moves Barrier Closer to US Soil
(DBN)

8 in 10 New Yorkers say migrant surge is serious problem: survey New York voters down on Democrats over migrant crisis, poll finds
(DBN)

Outrage in Oakland as wild video shows woman being violently dragged on the ground during armed robbery
(DBN)

Lachlan Murdoch Pays $840,000 to Site He Had Accused of Libel
(DBN)

Bank Manager’s Alleged Murder-for-Hire Plot Falls Apart Spectacularly
(DBN)

Alec Baldwin Tries To Ax ‘Rust’ Crew Members’ Suit Over Fatal Shooting As Criminal Trial Pushed To 2024
(DBN)

Pardon petition filed for Army sergeant sentenced to decades in prison for deadly shooting of armed Black Lives Matter protester: Attorneys
(DBN)

Man with ‘short temper’ who fatally beat driver twice his age over a minor fender bender learns his fate
(DBN)

High school nurse arrested in campus parking lot of first day of class for cocaine, meth
(DBN)

Bodycam shows allegedly drunk teacher on first day of school making excuses
(DBN)

Woman allegedly injected foreign substance into neck of random Walmart customer
(DBN)

'Missing' woman faces charges for 'anonymous third-party' lies that she was murdered
(DBN)

Woman pleads no contest to stabbing her ex-boyfriend 19 times, claimed she had 'dream'
(DBN)

Mississippi officer out of job after 10-year-old is taken into custody for urinating in public
(DBN)

Fruit grower who opposes same-sex marriage wins ruling over access to public market
(DBN)

9/11 victims’ families want Biden to oppose plea deals for suspected attack planners
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Judges:

Judges’ educational trips look more like ‘luxury vacations,’ Fix the Court says Conservative Judges Under Fire For Luxurious 'Educational' Trips
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This Judge Understands He's Dealing With Donald Trump
(DBN)

After Career Of Holding Others Accountable, Judge Evades The Judicial Qualifications Commission
(DBN)

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Wall Street:

 

Stocks may crumble under the weight of inflation, interest-rate hikes and economic woes, one strategist says
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Layoffs:

Schwab Will Cut Staff, Close Offices to Save $500 Million a Year
(DBN)

Getir to Slash 10% of Global Workforce as Fast Delivery Stumbles
(DBN)

Ar­a­vive warns of possible liquidation as it axes all clinical work, lays off 70% of employees
(DBN)

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Climate:

Midwest Braces for 115-Degree Heat, Renewing Crop Worries Record central U.S. heat wave delivers ‘life-threatening’ conditions
(DBN)

Record-setting U.S. heat dome places 143 million under alerts
(DBN)

Eighteen People Found Dead as Wildfires Rage in Greece
(DBN)

Alpine Heat Wave Pushes Freezing Level Above Europe’s Glaciers
(DBN)

More than 200 ships are in a traffic jam outside the Panama Canal, showing we can’t get through a year without big boats getting stuck
(DBN)

JPMorgan executive: Decarbonization is a megatrend and markets can’t ignore it
(DBN)

Atlantic Ocean sees record burst of tropical storms
(DBN)

California caught in crosshairs of weather extremes in a warming world
(DBN)

Athens Wildfire Continues to Burn, Threatening Homes and Forests
(DBN)

Climate disasters are clobbering local responders
(DBN)

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Autos:

EV Marker VinFast’s Wild Rally Makes It as Big as Ford and GM Combined
(DBN)

The Electric-Vehicle Bubble Starts to Deflate
(DBN)

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Economy:

Fed Credibility at Risk If Inflation Target Changes, Barkin Says
(DBN)

What to expect from Powell in Jackson Hole
(DBN)

The surge in credit card delinquencies might be a 'harbinger' of a coming recession, Wells Fargo says
(DBN)

The hidden consequence of the return-to-office crackdown — more workers will lose their jobs
(DBN)

Half a Million US Jobs at Risk of Vanishing in Payroll Revision
(DBN)

Youngest Baby Boomers’ Pay in the US Peaked When They Hit 45
(DBN)

More Office Workers Call in Sick on August 24 Than Any Other Day
(DBN)

Kevin McCarthy Is Staring Down a Government Shutdown Unless He Gets His Party In Line A US government shutdown looks likely, and it'll hit stock and the economy, Goldman Sachs says
(DBN)

Even millionaires are feeling financially insecure, report finds
(DBN)

Trump says he'll impose huge new tariffs if elected in 2024
(DBN)

Nearly half of Gen Zers think they won’t ‘get a dime’ in Social Security: survey
(DBN)

A rice shortage is sending prices soaring across the world. And things could get worse
(DBN)

Teamsters ratify new UPS contract, avoid massive strike
(DBN)

Ex-Trump officials target ‘woke’ companies for diversity efforts
(DBN)

The Coming Collapse Of The Global Ponzi Scheme
(DBN)

US Debt Clock
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World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US Existing-Home Sales Slide on Higher Rates, Lean Inventory Home sales fall in July, as supply drops to near quarter-century low Existing home sales extend decline in July Home sales drop as inflation concentrates in housing
(DBN)

Bankrupt Trucker Yellow’s Real Estate Is in High Demand - WSJ
(DBN)

These 2 stats show how tight the US housing market has become in the last year
(DBN)

Goodbye Bathtub and Living Room. America's Homes Are Shrinking.
(DBN)

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Municipalities:

In search of the magic number: Chester receiver updates city bankruptcy status
(DBN)

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Oil/Gas:

Gas prices soar to highest of year
(DBN)

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Retailing:

Boxed is bought after filing for Chapter 11 in April
(DBN)

Dick’s Tumbles as Results Show Slowing Sports Apparel Spending Dick’s shares fall 24% as retailer slashes outlook over theft concerns
(DBN)

Macy’s beats sales estimates, but stands by cautious forecast as shoppers watch their dollars
(DBN)

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Student Debt:

Student Loan Payments Canceled for Some Low-Income Borrowers Under New Biden Plan
(DBN)

Biden admin launches new income-driven student loan repayment program
(DBN)

Your student debt could win you up to 100,000 miles through Frontier Airlines
(DBN)

Here’s who will see their student loan bill drop to $0 under new SAVE plan
(DBN)

Biden pushes new student loan repayment plan as bills loom for tens of millions
(DBN)

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Utilities:

Maui Fire Victims Pursue Legal Tactic That Led to $13.5 Billion California Settlement
(DBN)

Hawaiian Electric Engages Guggenheim in Wake of Maui Wildfire Suits
(DBN)

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Banking:

S&P downgrades 5 regional banks facing ‘tough operating conditions’
(DBN)

Bankrupt SVB Financial Seeks to Rebuild Venture Capital Business
(DBN)

SVB Changes Executive Bonuses After Justice Department Objection
(DBN)

With ‘Everybody Else’ Dead or Gone, One California Bank Thrives
(DBN)

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Movie Theaters:

AMC shares crater as investors brace for stock conversion
(DBN)

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Food/Beverage:

Young adults less likely, older adults more likely to drink alcohol: Gallup
(DBN)

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Education:

Members of ‘Little Rock Nine’ who integrated Arkansas schools slam moves against AP African American studies
(DBN)

‘I told her: your TikToks are cringe’ – the consultants who get teens into elite sororities
(DBN)

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Tax:

Don't Like Paying Taxes? Would Free Merch Change Your Mind?
(DBN)

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Insurance:

State’s brief financial autopsy of Broward insurer prompts more questions than answers
(DBN)

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Bicycles:

Van poof! Dutch e-bike maker VanMoof goes bankrupt, leaving riders stranded
(DBN)

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Accounting:

PwC Partner Pay Drops Below £1 Million as UK Profit Declines
(DBN)

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Healthcare:

No OB-GYNs left in town: what came after Idaho’s assault on abortion
(DBN)

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Tech:

Schools shrug off cheating concerns and embrace AI
(DBN)

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Fraud:

Nomura Fined $35 Million Over Mortgage-Backed Securities Scheme
(DBN)

JPMorgan’s ‘Most Prolific Spoofer’ Gets Two Years in Prison
(DBN)

Deepfake Imposter Scams Are Driving a New Wave of Fraud
(DBN)

Whistleblower to DOJ: You’ve left the door open for more fraud
(DBN)

Favre Faces More Troubling Accusations
(DBN)

America’s Most Wanted fugitive Donald Santini used bankruptcy to finance life on the run
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

The Supreme Court Review of The Purdue Pharma Case: Implications for Third Party Releases in Loan Workouts
(DBN)

Archdiocese of San Francisco files for bankruptcy as Catholic church struggles to pay out victims of more than 500 sex abuse suits Hundreds of alleged sex abuse victims in limbo as S.F. Archdiocese declares bankruptcy
(DBN)

In a first, New Orleans priest accused of abusing minors admits wrongdoing
(DBN)

A major roadblock for Johnson & Johnson's Texas Two-Step
(DBN)

Purdue Pharma Should Go Bankrupt. The Sacklers Shouldn’t
(DBN)

The Sacklers try a comeback: Despised opioids clan hit society parties
(DBN)

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Advisors:

McKinsey Ordered to Face Racketeering Lawsuit Filed by Rival Jay Alix
(DBN)

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Subchapter V:

Subchapter V Trustee’s Facilitation Role (Part 3)
(DBN)

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Aviation:

Why Airlines Go Bankrupt at the End of the Summer?
(DBN)

World’s Busiest International Airport Sees China Rebound Lifting Passenger Numbers
(DBN)

US pilots' pay takes off
(DBN)

American Flight Nearly Hit United Near Collision of Jetliners Happen All the Time
(DBN)

Airline collision close calls are on the rise partly because there's not enough people working the high-paid, high-stress job that prevents them
(DBN)

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Crypto:

Bankman-Fried Pleads Not Guilty Again to Narrower FTX Fraud Indictment
(DBN)

Bankman-Fried ‘subsisting on bread and water’ in jail, lawyer says Sam Bankman-Fried does not have access to Adderall in custody and subsists on a diet of peanut butter sandwiches and water, his attorney alleges
(DBN)

Binance.US Looks to Crypto Startup MoonPay as Alternative After US Banks Cut Ties
(DBN)

FTX's Alameda, Wall Street firms band together for a refund from Grayscale
(DBN)

BlockFi argues FTX, Three Arrows Capital aren’t entitled to repayments
(DBN)

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Newspapers:

‘Get out of my house!’ Video shows 98-year-old mother of Kansas newspaper publisher upset amid raid
(DBN)

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Politics:

Most Iowa GOP Voters Likely to Caucus Believe 2020 Election Was Stolen
(DBN)

Trump’s Agenda Will Be on GOP Debate Stage Even If He’s Not, Biden Camp Says Fox’s MacCallum: Trump’s debate absence likely means more focus on ‘issues people care about’ Six pros and cons of Trump skipping GOP debates These candidates have most to gain from Trump’s debate absence It’s more than a poll. The Iowa survey is grim news for everyone but Trump.
(DBN)

Stunning events in Trump's Georgia case overshadow the GOP debate
(DBN)

Why Republican voters believe Trump
(DBN)

To Trump, Foreign Business Is Scandalous, Unless It’s His Own
(DBN)

Trump’s Absence Puts DeSantis at Center of Republican Debate DeSantis gears up for major moment onstage The Debate Advice DeSantis Should Ignore
(DBN)

Inside the text-for-pay campaign that got Asa Hutchinson on the debate stage
(DBN)

Hurd knocks RNC over ‘lack of transparency and confusion’ around debate requirements
(DBN)

The Astonishing, Unexpected and Completely Modern Rise of Vivek Ramaswamy
(DBN)

DeSantis board seeks to end Disney perks for tourism district employees DeSantis appointees target pro-Disney predecessors over ‘unethical’ benefits and perks
(DBN)

Ramaswamy rushes to clean up 9/11 remarks
(DBN)

Republicans get ready to rumble in Milwaukee
(DBN)

A third of adults believe COVID-19 vaccines caused thousands of sudden deaths: poll
(DBN)

Did Joe Biden Fall Asleep During Maui Wild Fire Memorial Service? Take the Latest Political Rorschach Test
(DBN)

US businessman is wannabe ‘warlord’ of secretive far-right men’s network
(DBN)

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UK:

UK Private Sector Posts Surprise Contraction as High Rates Bite
(DBN)

UK Small Businesses In Peril With Drop in Sales, Profit and Cash
(DBN)

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EU:

More Trouble Ahead for the Euro Zone’s Two Biggest Economies
(DBN)

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Russia:

Russia’s Seaborne Crude Flows Drop to the Lowest Since January
(DBN)

Russian troops are running out of equipment and feel ‘at war’ with their own commanders: experts
(DBN)

Russia Targets Grain Export Facilities In Southern Ukraine As Moscow Hit Again By Drones Russia Attacks Ukraine’s Danube Facilities Again and Wheat Gains
(DBN)

Russia bombs kindergarten in Kherson, Ukrainian officials say
(DBN)

Chechen Fighters Claim Ukrainian Drones With ‘Claws’ Are Abducting Russian Troops
(DBN)

Moscow hit by fresh wave of kamikaze drone attacks shattering windows & shutting airspace in latest blow for Putin
(DBN)

Latvia Backs Away From Rules to Expel Thousands of Russians
(DBN)

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Sweden:

Embattled Swedish Landlord SBB Cut Five Steps Into Junk by Fitch
(DBN)

Sweden’s Recession Seen Lasting Longer With Households Pressured
(DBN)

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MENA:

Iran unveils armed drone resembling America’s MQ-9 Reaper and says it could potentially reach Israel
(DBN)

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China:

Country Garden Leaves Investors in Dark on Exact Default Deadline
(DBN)

China’s economic model is faltering – does it have the political will to fix it?
(DBN)

Chinese Real Estate Sector In Crisis As Evergrande Collapses
(DBN)

China's Economy is in Trouble
(DBN)

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India:

65% of insolvency cases going beyond deadline
(DBN)

Creditors see better rate of recovery from large firms via IBC
(DBN)

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