August 30, 2023

The Daily Bankruptcy News

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Law:

Partners Don't Think Associates Are As Good As They Used To Be
(DBN)

After Ripping 'Unseemly' Deal Between LeClairRyan Founder and Trustee, Judge OKs Updated Settlement
(DBN)

Sacks Weston LLC Faces Bankruptcy Amid Scandal Sacks Weston Files for Bankruptcy, a Year After Ex-Partner Copped to Stealing From Firm
(DBN)

These law students got to use AI on final exams. How'd they do?
(DBN)

The City With The Happiest Biglaw Associates
(DBN)

Billionaire Attacks Biglaw Firm For Helping The Homeless. Also Detroit For Some Reason.
(DBN)

Milbank Elects Bankruptcy Partner Andrew Leblanc to Executive Committee
(DBN)

Off The Books: The Mess
(DBN)

This Lawsuit Over Golf Tournament Prize Is Your Next 1L Contracts Final
(DBN)

‘If you have to kill someone, use a shotgun’: Killer lawyer who followed ex-girlfriend and her new beau to campground before jealous shooting rampage takes plea deal
(DBN)

Buster Murdaugh breaks silence on Stephen Smith case in new documentary
(DBN)

Brad Pitt COVID joke on Facebook was 'in poor taste' but not 'terrorism,' court finds
(DBN)

How Mark Meadows is trying to upend the Georgia elections case The testimony from Trump’s White House chief of staff could change everything Georgia judge orders Trump-implicating special grand jury report publicly released Sidney Powell pleads not guilty in Georgia case 5 ways Mark Meadows’s testimony in Georgia federal court could backfire Why Mark Meadows wants an Obama-appointed judge to oversee his Georgia indictment
(DBN)

Lawyers indicted with Trump say they were doing their jobs. But that may be a tough argument to make
(DBN)

How Trump may try to challenge Jack Smith and delay his March 4 trial Christie predicts Trump’s Jan. 6 trial date will be ‘disastrous’ for GOP
(DBN)

Ex-Proud Boys leaders face sentencing for Jan. 6 attack on U.S. Capitol Proud Boys could get record sentences this week in Jan. 6 seditious conspiracy case
(DBN)

'Stunningly stupid': Trump compares his case to prosecution of Black 'Scottsboro Boys' Trump Accuses Jack Smith’s ‘Political SleazeBags’ of Colluding with Biden’s ‘Fascist Thugs’ to Indict Him: ‘It’s All a BIG LIE’ Trump Ominously Warns ‘Be Careful What You Wish For’ In New Rant Over Criminal Trials
(DBN)

Says He'll 'Lock People Up' If Returned to White House
(DBN)

NH attorney general 'carefully reviewing' arguments to keep ex-president off ballot The Fourteenth Amendment Fantasy
(DBN)

Trump’s 4 indictments, ranked by the stakes Don faces up to 6 trials during primary season Why Trump trial date’s proximity to Super Tuesday is important
(DBN)

Judge Chutkan swiftly smacks down six motions a day after setting March 2024 trial date
(DBN)

Navarro, Facing Contempt, Claims Privilege
(DBN)

How Florida law could trip up Trump if he’s convicted before the 2024 election
(DBN)

Donald Trump's Lawyer, Former Lawyer, Judge, And The Guy Who Stole Millions While Inside A Maximum Security Prison
(DBN)

Judicial orders restricting Trump's speech seek to balance his own constitutional rights Trump’s Free Speech Runs Up Against Courtroom Decorum - WSJ
(DBN)

More shootings push schools to reckon with backpack dilemma
(DBN)

Teen killed outside McDonald’s in sweet-and-sour sauce dispute, police say
(DBN)

Texas family of 4 dead in apparent murder-suicide weeks after daughter's drowning
(DBN)

Smuggler with ties to ISIS helped migrants enter US from Mexico, raising alarm bells across government Texas Guardsmen spied on migrants via WhatsApp, mishandled secret docs New York’s shelter system is being overwhelmed by migrants Dimon, Fink Join NYC CEOs Asking Congress for Help With Migrants
(DBN)

Records show California prisons are reporting U.S. citizens to ICE
(DBN)

DeSantis wants lethal force at the border to stop fentanyl traffickers. Most are Americans
(DBN)

The FBI is investigating asylum-seekers who entered the U.S. after help from a smuggler with ties to ISIS
(DBN)

Boosters, fencers, and cleaners: Inside cartels' newest criminal enterprise of organized retail theft
(DBN)

What does Florida’s red flag law say, and could it have thwarted the Jacksonville shooter?
(DBN)

FBI Dismantles a Malware System That Took Millions in Ransom
(DBN)

Ex-FTC Commissioner Faces Storm of Sexual Harassment Accusations
(DBN)

Chicago TV Crew Reporting on Robberies Gets Robbed at Gunpoint
(DBN)

Jacksonville gunman stayed in room after dropping out of college, losing job, father says in 911 audio
(DBN)

Man attacks coworker with hammer, tells colleague, 's--- happens': Cops
(DBN)

Daughter accused of burying her father in homemade coffin, then collecting his VA benefits
(DBN)

Soccer dad allegedly attacked coach with metal water bottle as son's team was losing
(DBN)

Man allegedly murders 4-year-old for putting his shoes on wrong feet, sitting down to pee
(DBN)

Gun fired at MLB game snuck in via woman's 'belly fat'
(DBN)

Video exonerates man charged with murder of girlfriend who killed herself
(DBN)

Banker's murder-for-hire plot against brother-in-law foiled by receipt sent to hitman: DOJ
(DBN)

Report: Hate crimes surged in most big cities in 2022
(DBN)

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Judges:

BK MD FL: Closed For Weather
(DBN)

America’s Trumpiest court just put itself in charge of nuclear safety
(DBN)

Clarence Thomas Clerks Defend Boss With Worst Letter This Side Of Your Middle School Poetry Even Clarence Thomas’s Law Clerks Can’t Defend His Misconduct Over 100 former clerks of Justice Thomas sign open letter defending his integrity, independence Recently indicted John Eastman is among those vouching for Clarence Thomas' integrity
(DBN)

Trump's Legal Team On A Mission To 'Alienate' Federal Judge In January 6th Case
(DBN)

Progressive Prejudice Against the Judiciary
(DBN)

Justice Barrett says she welcomes Supreme Court scrutiny
(DBN)

Stamp honoring Justice Ginsburg will be available in October
(DBN)

Right-wing Wisconsin Supreme Court Justice accused of 'meltdown' after liberal takeover Wisconsin Supreme Court chief justice condemns liberal majority for ‘hostile takeover,’ ‘unprecedented coup’ 'An unprecedented coup': Ziegler fires back at court's liberals, vows to post court director job
(DBN)

Mexican Supreme Court Justice Rocks It At Taylor Swift's Eras Tour
(DBN)

The Campaign to Shield the Personal Information of Judges
(DBN)

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Wall Street:

Stock futures slip after a third straight winning day on Wall Street
(DBN)

US stocks surge after jobs data takes pressure off of interest rates
(DBN)

Goldman Pays $5.5 Million Over Allegation It Didn’t Record Calls
(DBN)

Wall Street Prepares for $15 Billion Spree of Risky Buyout Debt
(DBN)

Wall Street Reels From Painful August as Winning Trades Go Sour
(DBN)

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Layoffs:

The Washington Post lays off staff from tech arm
(DBN)

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Labor:

Scoop: NYT unions file cease-and-desist letters to management over return-to-office policies
(DBN)

Actors and writers becoming homeless as strikes drag on
(DBN)

Hollywood strikes could have $5B+ impact on economy: Strategist
(DBN)

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Climate:

Hurricane Idalia intensifies, to bring Florida "catastrophic impacts" Idalia could be a once-in-a-lifetime event Up to 12 feet of water on shore Evacuations issued for 21 counties Why the forecast for Idalia is alarming How a Warmer Atlantic Stands to Supercharge Hurricane Idalia Navy evacuates ships, aircraft Hurricane Idalia to Slam Florida as Cat 4 Fears over Florida immigration law surface as residents prepare for Hurricane Idalia
(DBN)

Dangerous 'rapid intensification' becoming norm
(DBN)

Gulf Coast temperatures surge to highest levels ever observed
(DBN)

El Niño and global warming are mixing in alarming ways
(DBN)

Record-setting wildfires are burning across Louisiana, fueled by heat and drought
(DBN)

Greece blaze is 'largest wildfire ever recorded in EU'
(DBN)

Incoming RBA governor Michele Bullock says climate change a 'particularly acute' challenge for economy
(DBN)

Bill Gates: This is the major contributor to climate change that people are ‘probably least aware of’—It’s ‘a challenge’
(DBN)

EU to Stick With Climate Ambitions Despite Mounting Backlash
(DBN)

Hope for Offshore Wind Boom in Gulf of Mexico Dims With Low Bids
(DBN)

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Economy:

US consumers’ mood soured at the end of summer on inflation worries US Consumer Confidence Falls by More Than Forecast in August
(DBN)

More Americans Plan Vacations, Even as They Sour on the Economy
(DBN)

Central Bankers See Old Economic Models Failing
(DBN)

Amazon CEO Threatens Remote Workers
(DBN)

A tale of two hybrid offices, and a third way
(DBN)

The five global economic shifts happening now
(DBN)

BLS: Job Openings Decreased to 8.8 million in July Job Openings Dropped in July as Labor Market Cooled US Job Openings Decline by More Than Forecast to 8.83 Million
(DBN)

U.S. labor market loses steam as job openings, resignations decline
(DBN)

Former White House economic advisor says more Fed hiking is coming
(DBN)

Explaining the Fed’s recent conventional and unconventional monetary policy
(DBN)

Immigrants are rescuing a worker-starved U.S. economy
(DBN)

July JOLTS show stable but cooling jobs market
(DBN)

Here's where all the wealthy, young people are moving this year
(DBN)

The top 10 states for high-paying entry-level jobs, according to new research
(DBN)

Central banks will push economies into recession, says Hunt adviser
(DBN)

Lessons from a reflective Jackson Hole
(DBN)

Stocks are poised to tumble - and many Americans are 'prisoners in their own homes' after mortgage rates soared, top economist David Rosenberg says
(DBN)

Foxconn's Promises to Wisconsin are Dead
(DBN)

Trump's Coming $3.6 Trillion Tax Hike
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US home prices are nearly back to all-time highs reached last summer US Home Prices Climb for Fifth Month Amid Tight Inventory
(DBN)

Case-Shiller: National House Price Index Unchanged year-over-year in June Comments on June Case-Shiller and FHFA House Prices
(DBN)

A few comments on the Seasonal Pattern for House Prices
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

US Home Cash-Out Refinancing Falls to Lowest Since 2000 After Fed Hikes
(DBN)

Homes are so expensive in the US that 38% of young buyers say they were only able to break into the market with help from their family
(DBN)

Maui natives consider the unthinkable: Las Vegas, the 'ninth island'
(DBN)

The ultimate real-estate guide: Where homes are most affordable, prices have the most upside, taxes and closing costs are lowest, and rents are falling the fastest
(DBN)

Trailer park home lists for record $4.4 million
(DBN)

Man sentenced for blowing off his neighbor's head with a shotgun in property dispute
(DBN)

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Municipalities:

PREPA bond parties try again for a receiver
(DBN)

Maui struggles with "potentially catastrophic" tourism shortfall and growing economic toll after wildfires
(DBN)

How Houston Cut Its Homeless Population by Nearly Two-Thirds
(DBN)

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Oil/Gas:

Oil Is Going To $300 A Barrel
(DBN)

U.S. Natural Gas Production Sets New Record High
(DBN)

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Pharma:

Biden admin announces first 10 drugs facing Medicare price negotiation Here are the 3 most-used drugs on the Medicare price negotiation list Medicare pricing deal set to play a key role in Biden’s 2024 campaign pitch 5 things to know about the first 10 drugs chosen for Medicare negotiation Medicare drug price negotiations could have limited impact at first
(DBN)

Ozempic Could Be The Next Target of Medicare Price Negotiations
(DBN)

The slippery slope of price controls on prescription drugs
(DBN)

How Ozempic and Weight Loss Drugs Are Reshaping This Country’s Economy
(DBN)

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Politics:

Poll: Age haunts Biden vs. “crooked” Trump
(DBN)

Biden Sent 5,400 Secret Emails Under Aliases
(DBN)

Top House GOP chairmen launch probe into Hunter Biden special counsel appointment
(DBN)

Haley Starting to Look Like Real Threat to Trump Haley knocks Ramaswamy over ‘childish name games’
(DBN)

Trump open to Vivek Ramaswamy as vice president Ramaswamy, Andrea Mitchell spar in testy interview
(DBN)

Trump has values of ‘axe murderer,’ former Georgia lieutenant governor says
(DBN)

What’s going on with these viral, right-wing country music hits?
(DBN)

Putin, Trump and the meaning of a mafia state
(DBN)

Gay Trump operative furious to learn of GOP's hostility to LGBTQ community
(DBN)

Fox News Apologizes to Gold Star Family
(DBN)

Christie: Trump nomination would be ‘enormous gift’ to Democrats
(DBN)

More see Trump as electable after mug shot release, skipped debate: poll
(DBN)

Two-thirds of Americans want age limits for politicians, Supreme Court
(DBN)

Conservative groups draw up plan to dismantle the US government and replace it with Trump’s vision
(DBN)

White Christians think too many people see racism when it’s not there, new survey finds
(DBN)

TN: Worst State for Voting Right Just Got Worse
(DBN)

____________

Ride Hailing:

Robotaxis hit the accelerator in growing list of cities nationwide
(DBN)

____________

Healthcare:

Dallas-Area Hospital Files Bankruptcy Two Years After Opening
(DBN)

United States ‘experiencing a crisis of early death’
(DBN)

26 states see big jump in COVID hospitalizations
(DBN)

Men are twice as likely to suffer a heart attack as women
(DBN)

Emerging group of synthetic opioids may be more potent than fentanyl, study warns
(DBN)

____________

Education:

Florida officials sought 'opposing viewpoints' blaming slavery on Africans: leaked documents
(DBN)

The university lottery
(DBN)

Three myths about the impact of COVID-19 on public education
(DBN)

The Christian home-schooler who made ‘parental rights’ a GOP rallying cry
(DBN)

Georgia School District Canceled an Author’s Talks After He Said ‘Gay’
(DBN)

Democrats push for investigation of Ryan Walters, Oklahoma’s firebrand schools superintendent
(DBN)

____________

Military:

Why Is the Reputation of the U.S. Military Going South So Fast?
(DBN)

____________

Crypto:

Bankruptcy Litigation Demonstrates the Extent of the Crypto Contagion
(DBN)

Sam Bankman-Fried’s Planned Defense ‘Irrelevant’ Without More Details, Govt Says
(DBN)

FTX customers can’t catch a break: Hackers are targeting those trying to recoup funds from bankrupt crypto exchange
(DBN)

Genesis Lender Group Opposes ‘Wholly Insufficient’ DCG Deal
(DBN)

Bitcoin skyrockets as court rules in favor of Grayscale What Grayscale's Court Victory Means for Crypto and a US Spot-Bitcoin ETF
(DBN)

Tornado Cash Indictments May Prove to Be Just a Localized Storm After All
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Discharge:

PAGA Dischargeable in Bankruptcy?
(DBN)

____________

Mass Torts:

Mallinckrodt’s Second Bankruptcy ‘Flagrant’ Case of Bad Plan
(DBN)

Infowars Parent Seeks New $1.5 Million Salary for Alex Jones
(DBN)

3M to pay $6 billion to earplug customers after bankruptcy plan failed
(DBN)

Boy Scouts Sex Abuse Settlement Claims Portal Opens
(DBN)

____________

Aviation:

Pilots are exhausted. A new survey suggests 3 out of 4 European pilots dozed off over the course of a month while flying a plane.
(DBN)

11 people taken to hospital after Delta flight hits severe turbulence
(DBN)

Hundreds of flights are canceled as Hurricane Idalia disrupts air travel
(DBN)

Go First's aircraft lessor Jackson Square Aviation approaches NCLAT
(DBN)

____________

Newspapers:

She’s called ‘killer,’ ‘Hitler.’ At center of Kansas newspaper raid, she remains defiant
(DBN)

____________

Utilities:

Analyst: Patient Hawaiian Electric bondholders may preserve principal
(DBN)

Maui victims seek ex-consultant’s files on what Hawaiian Electric knew about wildfire risks
(DBN)

____________

Sovereigns:

Why the world's big debt loads may be here to stay
(DBN)

____________

Tech:

ChatGPT plays doctor with 72% success
(DBN)

Social media is dead
(DBN)

Chinese sextortion scammers flood X
(DBN)

Meta Says It Removed Chinese Influence Campaign on Social Media
(DBN)

More Americans are concerned about AI’s role in daily life, new data shows
(DBN)

X to allow political ads for the first time since 2019
(DBN)

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Autos:

Case closed: only 2% of unsecured debt in Reagor Dykes bankruptcy paid
(DBN)

Elon Musk and X face 2,200 arbitration cases
(DBN)

Tesla ordered by auto regulators to provide data on ‘Elon mode’ Autopilot configuration
(DBN)

Veteran short-seller Jim Chanos calls soaring electric carmaker VinFast a '$200 billion meme stock' What's going on with VinFast stock? The electric vehicle SPAC has soared more than 800% since its debut and is worth more than Ford Buzzy electric carmaker VinFast loses an astounding $83 billion in market value in just one day as investors suddenly go into reverse
(DBN)

____________

Insurance:

Vesttoo case: White Rock notes 37 LOCs in question, representing $2.35bn
(DBN)

____________

Steel:

US Steel Strikes Confidentiality Pacts With Numerous Suitors
(DBN)

____________

Retailing:

S&P Global downgrades Rite Aid on restructuring risk
(DBN)

Pet Lovers Shopping Online Are Disrupting the Industry
(DBN)

____________

Cruise Lines:

Carnival Prevails in Bankruptcy Proceedings in Second Trial Win of the Year Against DeCurtis
(DBN)

____________

Water:

US in danger of running out of groundwater from overuse America is using up its groundwater like there’s no tomorrow
(DBN)

____________

Tax:

IRS agents are getting paid by private accounting firms: watchdog
(DBN)

____________

Television:

TV Azteca to Negotiate With Creditors After Scolding by US Judge
(DBN)

____________

Agribusiness:

After two climate-decimated harvests, southern peach farmers wonder how to regroup
(DBN)

____________

Banking:

Regulators want banks to hold more debt to shield against failures US Unveils Plan to Hit More Banks With Long-Term Debt Minimums Regional banks face hit from new debt level requirements U.S. banks to raise $70 billion in debt under draft rules aimed at mitigating failures
(DBN)

Perhaps The Two Fancy Wine Cellars Housing Its Own Juice Should Have Been A Tip-Off That SVB Wasn’t Very Well Run
(DBN)

____________

Celebs:

Erika Jayne accused of committing fraud scheme with Secret Service agents, American Express
(DBN)

____________

Sports:

An update on the continuing movement away from regional sports network baseball broadcasts
(DBN)

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Distressed Investing:

Where Defaults Loom, This Trading Strategy Is Delivering Big Returns
(DBN)

____________

UK:

The UK economy still can’t cope with the consequences of Brexit
(DBN)

First-Time Buyers Leave UK Housing Market as Mortgage Rates Jump
(DBN)

UK Home Sales Set to Plunge to Lowest in Over a Decade This Year
(DBN)

____________

Canada:

Mednow Announces the Execution of Cost Reductions Through the Wind-Down of Two Subsidiaries
(DBN)

Canada warns LGBTQ travelers to be cautious of U.S. laws
(DBN)

____________

Russia:

Shortage of people in Russia willing to join army, despite salary and privileges – UK intelligence
(DBN)

Ukraine claims it damaged prized Russian jets using 'cardboard' drones from Australia in a daring raid Inside Ukraine’s drone war against Putin
(DBN)

EU officials say sanctions against Russia have had 'hard tangible effects,' and that the country's future is bleak
(DBN)

Russians have emigrated in huge numbers since the war in Ukraine
(DBN)

____________

China:

Evergrande shares plunge further amid China economy fears
(DBN)

China's post-reform era has arrived
(DBN)

China is doing everything it can to conceal the true extent of its economic turmoil The Problems With China’s Economy Start at the Top
(DBN)

Billions of dollars are flowing out of Chinese markets in a ‘seismic’ change in capital flows despite a flurry of actions to shore up confidence US companies are finding China increasingly 'uninvestible', commerce secretary Gina Raimondo says Factories May Be Leaving China, but Trade Ties Are Stronger Than They Seem
(DBN)

A key barometer for China's economy is shining bright despite the nation's property crisis
(DBN)

China’s economy is slowing down. What gives?
(DBN)

China’s shadow-banking industry threatens its financial system
(DBN)

____________

India:

AI may be used to flag distress signals before insolvency
(DBN)

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