August 31, 2023

The Daily Bankruptcy News

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Law:

Biglaw Chair Recommends Partners Start Texting Associates
(DBN)

Despite Active Shooter On Campus, Some Law School Professors Soldiered On With Classes
(DBN)

This Biglaw Firm Has A Strong Pipeline Of Women Attorneys
(DBN)

Public School Coach Forgot How The First Amendment Works. 6th Circuit Is Happy To Remind Him
(DBN)

1 of 3 law schools dinged for diversity standard demonstrates compliance
(DBN)

Be Careful When Forwarding Emails To Counsel And Clients
(DBN)

Alex Murdaugh loses prison phone privileges after lawyer records phone call for documentary
(DBN)

Judge rejects Navarro’s ‘executive privilege’ claim for defying Jan. 6 committee Trial set for Tuesday
(DBN)

Trump cited ‘Scottsboro Boys’ case when he asked for a 2026 trial. Judge Chutkan rejected any comparison
(DBN)

As Trump and Republicans target Georgia’s Fani Willis for retribution, the state’s governor opts out
(DBN)

Trump may not attend arraignment in Fulton County
(DBN)

New York says Trump should be found liable for fraud, even before a trial Trump inflated net worth by $2.2 billion, NY attorney general alleges Trump told NY officials he was too busy saving the world 'from nuclear holocaust' to commit business fraud Trump says in New York civil case defense he helped avoid "nuclear war"
(DBN)

Are defendants in Georgia case against Trump entitled to removal? These standards apply
(DBN)

Atlanta Puts Trump Defendant Lawyers In Cuffs... Their Cars Anyway
(DBN)

Sentencing of ex-Proud Boys leader delayed due to emergency Ex-Proud Boys leader’s sentencing delayed as he stares down decades in prison
(DBN)

Trump tells Glenn Beck he'd 'lock up' political opponents if reelected
(DBN)

Now We'll Never Know What The 'Galaxy Bar Association' Had To Say In Donald Trump's Defense
(DBN)

Rudy Giuliani, who keeps telling courts he's broke, just got hit with a $132,000 bill from a judge Giuliani sanctioned for providing ‘blobs of indecipherable data,’ few documents in discovery
(DBN)

Facing Indictment, Disbarment, Disgrace, John Eastman Defies You To Find Evidence Of His Crimes
(DBN)

Judge orders default judgment, sanctions against Giuliani in election workers’ suit
(DBN)

Ingraham pushes back on Eastman’s voter fraud claims
(DBN)

If You Want the Public’s Trust, Broadcast the Trump Trials
(DBN)

Trump can’t be barred from Arizona’s 2024 ballot, says Democratic secretary of state Liberal groups seek to use the Constitution’s insurrection clause to block Trump from 2024 ballots
(DBN)

What Donald Trump’s case teaches us: Litigation takes forever
(DBN)

Jim Jordan seeks records on special counsel attorney meeting with White House
(DBN)

Texas Attorney General Ken Paxton pursued perks beyond impeachment allegations, ex-staffers say
(DBN)

Adams condemns Hochul’s handling of New York migrant crisis as ‘wrong’
(DBN)

Federal judge says New Jersey law banning immigrant detention contract with private operator unconstitutional
(DBN)

Serial killers are becoming a rarity despite Gilgo Beach
(DBN)

'Mommy, mommy, I'm shot': University sophomore killed while sleeping on mom's couch
(DBN)

Failed horse show producer arrested at Starbucks after allegedly plotting hit on husband
(DBN)

Man killed pregnant girlfriend because she refused to get an abortion: Cops
(DBN)

‘The kid is the problem’: Mom accused of seeking murder-for-hire of 3-year-old from parody website allegedly tried to claim she left son in woods ‘to be eaten by bears or drown’
(DBN)

Late founder of talent agency for boy bands sexually assaulted hundreds of teens, investigation finds
(DBN)

Man who used jet ski to escape prison captured after year on the run
(DBN)

Kyle Rittenhouse Sued by Estate of Man He Killed
(DBN)

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Judges:

Onetime SCOTUS contender sues judicial conduct commission, alleging bid to stifle criticism
(DBN)

The Supreme Court Is Infected With the ‘Most Damaging’ Human Bias
(DBN)

Roberts Steers Supreme Court’s Arguments if Not Its Decisions
(DBN)

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Wall Street:

S&P 500 futures are flat after Wall Street notches four-day winning streak
(DBN)

S&P 500 hits 4-day win streak as US stocks climb after ADP report shows job growth slowing
(DBN)

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Layoffs:

UBS to Cut 3,000 Staff in Switzerland as It Integrates Rival
(DBN)

Zebra Technologies to slash 700 jobs
(DBN)

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Politics:

McConnell freezes again during Kentucky press conference, office says he was ‘lightheaded’ Greene calls McConnell unfit for office after 2nd freeze-up McConnell quickly convenes with allies after second public freeze McConnell's scary moment
(DBN)

Feinstein is a silent character in her sad and messy final chapter
(DBN)

Manchins plot $100 million war chest to fix "very broken" system
(DBN)

Viktor Orbán tells Tucker Carlson: Trump’s the man to save the West
(DBN)

Trump faces new risks in skipping debates
(DBN)

Moderators for the 2nd GOP debate unveiled
(DBN)

Trump Could Clinch the Nomination Before the G.O.P. Knows if He’s a Felon
(DBN)

Jeffrey Epstein Tried to Weasel His Way Into Donald Trump’s Political Orbit: Report
(DBN)

Trumpworld sees Haley surging toward DeSantis
(DBN)

DeSantis tells Biden: Keep your IRA money
(DBN)

A 6-figure Donald Trump donor is now a No Labels adviser
(DBN)

Biden was engrossed in Kabul evacuation amid chaotic US withdrawal: book
(DBN)

Afghan refugees are stuck in US limbo as Congress fails to move legislation
(DBN)

Jim Jordan: Impeachment inquiry ‘looking more and more likely’
(DBN)

Trump: Rupert Murdoch a ‘globalist’ trying to tear me down
(DBN)

Vivek Ramaswamy’s no good, very bad week Video of young Ramaswamy questioning Al Sharpton at town hall goes viral Ramaswamy agrees to stop performing Eminem's work The Hollowness of the Vivek Doctrine Emulating Trump, Ramaswamy Shows a Penchant for Dispensing With the Facts Top Republican calls Ramaswamy’s Ukraine plan ‘surrender to Russian aggression’
(DBN)

Sore over the "stolen election", GOP lawmakers in Wisconsin scheme to remove elections chief
(DBN)

After Jacksonville, Tensions Flare Between DeSantis and Black Floridians
(DBN)

A secret recording. Boasts of late-session ‘jam.’ Insurance fight bursts into the open.
(DBN)

GOP donors fret over Scott's single status
(DBN)

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Banking:

UBS posts massive profit of $29 bn in second quarter after Credit Suisse takeover UBS shares jump to 2008 highs after profit beat, job cuts announcement
(DBN)

ATM fees just hit another record high, despite crackdown on junk fees
(DBN)

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Cannabis:

Pot stocks jump as federal agency reportedly seeks to downgrade cannabis from the hard-drug category
(DBN)

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Insurance:

SVB Bankruptcy Court Lifts Stay to Allow Insurance to Pay Individuals’ Defense Expenses
(DBN)

Vesttoo asks bankruptcy court to find White Rock and JPLs in contempt
(DBN)

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Student Debt:

How to apply for the new student loan repayment plan
(DBN)

Why Biden’s new SAVE student loan income-driven plan is a game changer
(DBN)

Biden administration cancels $72 million in student loans for borrowers who attended for-profit Ashford University Biden admin wipes millions in student debt for more “cheated” borrowers
(DBN)

Growing job benefit for new grads: Student loan relief
(DBN)

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Newspapers:

Kansas reporter files federal lawsuit against police chief who raided her newspaper’s office
(DBN)

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Sports:

Who owns Barcelona FC, the shareholders or the creditors?
(DBN)

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Agribusiness:

The US Just Lost the Corn-Exporting Crown
(DBN)

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Consumer Finance:

Payday Lenders Gave Millions to Republican Group That Backed Supreme Court Suit to Annihilate CFPB
(DBN)

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Economy:

US economic growth for last quarter is revised down to a 2.1% annual rate
(DBN)

Goodbye Great Resignation: The labor market returns to pre-pandemic normalcy
(DBN)

Inside the business boom of 2023
(DBN)

Fed’s Bostic Urges Caution to Avoid Inflicting Unnecessary Pain
(DBN)

There's a labor shortage in the U.S. Why is it so hard for migrants to legally work?
(DBN)

ADP: Job growth slows sharply ADP: Private Employment Increased 177,000 in August August Jobs Report Forecasts Predict Strong but Cooling Growth
(DBN)

US Temporary-Help Drop Flashes Recession. Hiring Execs Disagree
(DBN)

US stocks climb on fresh signs the labor market is cooling
(DBN)

Poor Americans Tap Debt, Buy Less Food as Consumer Cracks Widen
(DBN)

Delinquencies rise for credit cards and auto loans, and it could get worse
(DBN)

Biden rule would give overtime protections to millions more workers Millions of workers earning less than $55,000 could get overtime pay under Biden proposal Labor Department Proposes Vast Expansion of Overtime Eligibility
(DBN)

House conservatives flirt with shutdown: ‘So be it’
(DBN)

Single people in Hawaii need to make an average of $112,411 to get by, a study has found. Here's how US living wages compare in the most expensive states
(DBN)

America’s In Much Better Shape (at Home and Abroad) Than You Probably Think
(DBN)

An indicator of Americans' willingness to gamble could suggest continued resilience in the US economy
(DBN)

Panama Canal: 10 Months to Clear Ship Backlog
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Pending Home Sales Up 0.9% in July; Down 14.0% Year-over-year
(DBN)

Climate change raising risks of financial disaster for homeowners, insurers and bankers
(DBN)

Inflation Adjusted House Prices 3.9% Below Peak; Price-to-rent index is 7.6% below recent peak
(DBN)

Every aspect of real estate 'is going to get whacked' as savings vanish, billionaire investor says
(DBN)

Florida’s already-volatile insurance industry is bracing for Hurricane Idalia
(DBN)

Housing is so unattractive that investor purchases have plummeted 45%
(DBN)

Bankruptcy claim made by owners of Latitude Five25 dismissed Court dismisses Paxe Latitude bankruptcy claim; tenants to share $1.5 million settlement Bankruptcy dismissed; owners of Latitude Five25 could now face personal liability for Christmas catastrophe
(DBN)

To fix broken mortgage markets, look to Denmark
(DBN)

Housing crunch: Bank cops under fire for moving to tighten mortgage rules
(DBN)

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Municipalities:

Financial ruin forces entire Sturgis City Council to resign
(DBN)

Las Vegas July 2023: Visitor Traffic Up 1.0% YoY; Convention Traffic Down 16.8% YoY
(DBN)

Texas judge rejects bill restricting cities’ authority
(DBN)

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Oil/Gas:

U.S. Consumer Oil Demand Has Exceeded Expectations
(DBN)

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Fraud:

Misled investors set to recoup $5.5 million from Lear Capital in bankruptcy
(DBN)

Covid fraud: Street gang in Milwaukee allegedly stole millions to pay for murder, guns and drugs
(DBN)

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Climate:

Idalia could set record for intensification rate, expert says Hurricane Idalia: Fisherman who chose to stay and help describes 'apocalyptic scenes' Idalia batters Florida and Georgia More than 240K without power in Florida after Idalia makes landfall How a steaming Gulf is powering Idalia’s threat to Florida Why Hurricane Idalia is so dangerous, explained in 7 maps Hurricane Idalia unleashes fury on Georgia and Florida, swamping the coast and closing highways Officials warn areas won't be inhabitable for 'months' ‘We Should Have Gotten Off the Island’: Cedar Key Residents Survived Idalia’s Wrath Idalia weakens to tropical storm, continues to thrash Georgia and the Carolinas while Florida Idalia: It Could Have Been Much Worsereels
(DBN)

The ‘Hurricane Tax’ Hitting Florida Alongside Idalia
(DBN)

The disaster vultures: As Hawaii mourns its dead, investors are swooping in to make a quick buck Forecasters are warning gusty winds and low humidity raise risk of fires spreading rapidly in Hawaii
(DBN)

Climate anxiety on the rise as heat, disasters provoke fear
(DBN)

Climate change is making tropical storms and hurricanes stronger, slower, and wetter
(DBN)

As search in Maui nears end, it's unclear how many lost their lives
(DBN)

IMF warns climate shocks may increase conflict deaths
(DBN)

The Faustian Bargain of Reducing Air Pollution
(DBN)

FEMA forced to restrict disaster spending because of low funds
(DBN)

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Healthcare:

Texas Hospital’s Missteps Lead to Bankruptcy Two Years After Opening
(DBN)

New firm wants to reopen bankrupt Madera Community Hospital
(DBN)

A Mercy bankruptcy trustee claims UI's bid protections has discouraged prospective buyers Bankruptcy trustee objects to UI’s plans for a speedy purchase of Mercy Hospital
(DBN)

Rural independent Pa. hospital likely to close soon without financial help
(DBN)

Biden admin warns states about kids losing Medicaid coverage
(DBN)

Fentanyl is killing kids. State lawmakers are searching for answers.
(DBN)

Marijuana users have elevated levels of heavy metals in their blood, urine: study One-fifth of cannabis users have dependency or problematic use: research
(DBN)

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Retailing:

How Best Buy is winning the war against retail theft
(DBN)

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Magazines:

A crackdown on ‘woke’ coverage is tearing Atlanta magazine apart
(DBN)

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Tech:

AI is killing the grand bargain at the heart of the web. 'We're in a different world.' Major websites are blocking AI crawlers from accessing their content
(DBN)

Voice Deepfakes Are Coming for Your Bank Balance
(DBN)

Copyright Law and Generative AI: What a mess
(DBN)

Law Firms Struggling With Arcane Billing Guidelines Can Look To AI For Relief
(DBN)

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Labor:

American Airlines flight attendants open door to possible strike
(DBN)

Looming auto strike puts Biden’s labor loyalty to the test
(DBN)

Possible rail strikes in 2024 could disrupt Northeastern commutes and public transit’s Covid recovery
(DBN)

Studio CEOs Met Yesterday Over Dual Strikes Prolonged Hollywood strikes could lead to ‘an absolute collapse,’ says Barry Diller
(DBN)

Why Teamsters allowed 22,000 union jobs to vanish
(DBN)

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Defaults:

Defaults of risky high-yield corporate debt are rising at the fastest pace since the pandemic
(DBN)

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Food/Beverage:

Louisville-based restaurant Green District Salads files for bankruptcy
(DBN)

The Fight to Control Big Gay Ice Cream, Which Made the Rainbow Its Brand
(DBN)

12% of Americans Eat Half of the Beef
(DBN)

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Utilities:

Judge sides with PREPA bondholders on timing
(DBN)

Newsom embraces dirty energy in bid to stave off blackouts
(DBN)

Hurricane Idalia is yet another test of America's aging power infrastructure
(DBN)

Maui Fires: A Lesson For Utility Companies?
(DBN)

____________

Radio:

Ed Stolz Appeals Bankruptcy Court’s Plan To Sell His Stations To Highest Bidder.
(DBN)

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Education:

Florida's Whitewashing of the History of Slavery Is Quite a Thing to Behold
(DBN)

Massive school satisfaction gap pits parents against everyone else
(DBN)

College students are still struggling with basic math. Professors blame the pandemic
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (47 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Cross-Border:

Cross-border insolvency and the impact of COMI determination
(DBN)

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Subchapter V:

Subchapter V Trustee’s Facilitation Role (Part 4)—A City of Detroit Model
(DBN)

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Sales:

Avoidance Actions Can Be Sold in Section 363 Sales
(DBN)

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Interest:

Do I Really Have To Pay Default Rate Interest In Order to Reinstate My Loan?
(DBN)

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Bankruptcy Strategy:

Gatekeeping Provisions in Chapter 11 Plans May Provide an Alternative to Nonconsensual Nondebtor Releases
(DBN)

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Bankruptcy Policy:

Creative Destruction in Small Business Bankruptcy
(DBN)

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Mass Torts:

Former Boys Scouts Director Blasts Org as “Still Not Safe For Boys and Girls,” in New Netflix Documentary About Sexual Abuse Scandal
(DBN)

Judge Blocks Camden Diocese's Bankruptcy Plan for Sex-Abuse Victims Judge denies motion to proceed with Camden clergy abuse settlement New Jersey Diocese bankruptcy stumbles over insurance, quick-pay option
(DBN)

Former cardinal McCarrick found not competent to stand trial for sex abuse
(DBN)

3M’s earplug deal could delay reckoning on bankruptcy as mass torts escape hatch
(DBN)

Purdue: The Academics Speak Up
(DBN)

Mallinckrodt's opioid creditors support fast-track second bankruptcy
(DBN)

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Aviation:

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

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Pharma:

Medicare’s drug price negotiations are the next step for health care reform
(DBN)

Walmart cuts pharmacist pay, hours while workload piles up
(DBN)

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Water:

The Dire Consequences of Depleting California’s Groundwater
(DBN)

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Video Games:

Ronimo Games reportedly files for bankruptcy
(DBN)

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Celebs:

Roseanne star Sandra Bernhard's ex manager claims actress cheated charities
(DBN)

Alice Cooper loses cosmetics deal after remarks about trans people
(DBN)

Erika Jayne Sued For Allegedly Committing Fraud Scheme
(DBN)

Why RHOA’s Kim Zolciak and Estranged Husband Kroy Biermann May ‘Need to File for Bankruptcy’
(DBN)

____________

Autos:

Lordstown Settles Karma Lawsuit, Proceeds With Foxconn Case
(DBN)

Federal regulators order Tesla to provide extensive data on ‘Elon mode’ hack to autopilot feature
(DBN)

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Tourism:

More than 4,400 Maui residents have filed for unemployment — up from 130 before the wildfires — amid a ‘mass exodus of tourists’ that has locals urging visitors to return ‘before it’s too late’
(DBN)

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Crypto:

Gemini Opposes Genesis Bankruptcy Plan: 'Woefully Light on Specifics'
(DBN)

Sam Bankman-Fried wants to pay 7 expert witnesses up to $ 1,200 an hour to testify on his behalf Sam Bankman-Fried could have FTX fraud trial delayed
(DBN)

FTX victims’ face doxxing threat after sensitive data taken by hackers
(DBN)

Will Evergrande’s collapse have a silver lining for crypto?
(DBN)

Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets BlockFi Seeks Permission To Convert Trade Only Assets To Stablecoins In Latest Court Petition
(DBN)

SEC chair Gary Gensler's court losses are piling up in crypto
(DBN)

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Sovereigns:

Zimbabwe Creditors See Debt Restructuring Talks Resuming Despite Disputed Vote
(DBN)

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UK:

Why are so many local councils on the brink of bankruptcy?
(DBN)

Ryan Reynolds has transformed Wrexham. Who will save Britain’s other struggling towns?
(DBN)

Babylon Health Division Rescued as Part of UK Insolvency Process
(DBN)

Who are the frontrunners in the race to save Wilko?
(DBN)

Council facing deficit of almost £50m attempts to stave off bankruptcy
(DBN)

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Canada:

Court grants Northern Pulp extension on creditor protection
(DBN)

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EU:

Troubled Borrowers Tell Lenders to Back Them or Face Bigger Losses
(DBN)

Euro-Zone Inflation Stops Slowing in Alarm Signal for ECB
(DBN)

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Russia:

Russian planes keep getting blown up in airfields hundreds of miles from the fighting, exposing embarrassing gaps in its defenses
(DBN)

Russia launched a ‘massive’ attack on Kyiv overnight, official says Russia sees biggest drone assault on its own territory since invading Ukraine, as Kyiv strikes back Russia accuses Ukraine of biggest drone attack of war Top Ukrainian advisor warns the war is coming to Russia and ‘cannot be stopped’ as drones destroy Russian aircraft Six Russian Regions Hit by Ukrainian Drones in One Night
(DBN)

Hundreds of Russian soldiers are going AWOL and refusing to fight as morale plummets, UK intelligence says
(DBN)

US announces new Ukraine security package
(DBN)

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
(DBN)

Pope’s Russia fiasco lingers as Lithuania summons Vatican envoy
(DBN)

The ruble is failing — and now more Russians are cutting back on buying basic goods like food and toothpaste as prices jump
(DBN)

Ukraine cries foul as fuels refined from Russian oil pour into Europe
(DBN)

Europe's plan to wean itself off Russian fossil fuels by 2027 has a major flaw
(DBN)

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China:

Country Garden fuels China property crisis with record £5.3bn loss Some offshore creditors of Country Garden consider forming group for debt revamp talks Country Garden Posts Record Half-Year Loss Amid Default Fears
(DBN)

China's property crisis deepens with 87% value wipeout in developers' dollar bonds
(DBN)

China’s factory activity shrinks for a fifth straight month in August
(DBN)

Warm words but little ‘real action’ as US commerce secretary ends China visit
(DBN)

British parliament calls Taiwan 'independent country'
(DBN)

China's economy is entering a 'structural hard landing' as growth will remain low
(DBN)

First US military transfer to Taiwan approved under program for sovereign states
(DBN)

____________

MENA:

Did Israel’s national security minister just admit to apartheid policies?
(DBN)

As Israel pushes punitive demolitions, family of 13-year-old Palestinian attacker to lose its home
(DBN)

Saudi man receives death penalty for posts online, latest case in wide-ranging crackdown on dissent
(DBN)

Palestinians gave Saudis list of what they want in Israel-Saudi peace deal
(DBN)

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Cayman Islands:

Enforcement of Foreign Arbitral Awards in the Cayman Islands
(DBN)

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India:

Resolution time under India's bankruptcy code rises to 3-year high: India Ratings says
(DBN)

Leading Indian Bad Debt Recovery Company Seeks Global Partners to Boost Presence
(DBN)

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