August 4, 2023

The Daily Bankruptcy News

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Law:

Biglaw's Bad Ideas: 4-Day Office Mandates And Attendance-Based Bonus Policies
(DBN)

With Layoffs Looming, Associate Lateral Moves Have Practically Flatlined
(DBN)

Ropes & Gray tells lawyers to be in the office four days a week
(DBN)

What Does 'Life-Work' Integration Mean When You’re A Lawyer Mom? (Part I)
(DBN)

2023 Margaret Brent Award honorees serve as ‘role models for all women’
(DBN)

Partner angers sacked support staff by turning up in new sports car
(DBN)

Paul Hastings Beats Claim It Acted as Unregistered Chinese Agent
(DBN)

This Biglaw Partner Is The Proud Father Of A USWNT World Cup Player
(DBN)

Check Out The Record-Breaking Starting Salaries For Recent Law School Grads
(DBN)

After Helping Secure $787M In Fox News-Dominion Case, Partners Set Up New Defamation Boutique
(DBN)

Aide to Brooklyn District Attorney Accused of Antisemitic Remarks
(DBN)

Huge $266.7M legal fee approved in $1B Dell settlement; which law firms will benefit?
(DBN)

Lawyer behind 100s of fake disability lawsuits gets 4-year sentence
(DBN)

Trump Plans To Request Change Of Venue To ... West Virginia
(DBN)

Prosecutors Suggest Impropriety In Walt Nauta's Lawyer Representing Potential Witnesses In Documents Trial
(DBN)

Trump pleads not guilty to Jan. 6 obstruction, conspiracy to overturn election charges Trump released on bond under strict rules Judge Warns Against Witness Tampering Donald attacks Jack Smith's wife hours before arraignment Assailed by Trump, special counsel Jack Smith lets indictments speak for him Reporter describes how Trump acted in courtroom during arraignment As Trump went to court, Biden went for a bike ride After Trump's arraignment, ominous days may be ahead If Trump Gets Convicted, Blame Ulysses S. Grant Trump’s Defense Team Adds a New Member for the Latest Case ‘Very, very wise and learned counsel’ defense will be key in Trump’s election trial, his lawyer says Who Are the Prosecutors Leading the Case Against Trump? The Big Law Backgrounds of Special Counsel Jack Smith's Legal Team Trump’s Jury Pool for Jan. 6 Trial: A City That Remembers the Attack There is no First Amendment right to overturn an election 'A great honor': Trump tells fans he's being arrested for them as he heads to DC arraignment Prosecutors Took Cautious Path in Connecting Trump to Jan. 6 Violence Ex-President's Lies Meet Jack Smith's Irrefutable Facts Trump Threatens Retribution for Federal Charges Trump Doubles Down on Denials – and Cash Pleas – After Indictment Trump sought to ‘exploit the violence and chaos’ of Jan. 6 with lies, indictment says ‘I need one more indictment’: Trump goes off-the-rails in pre-arraignment rant 21 Trump Election Lies Listed in IndictmentHow to Defend a Thrice-Indicted Former President: White-Collar Practitioners Weigh InPence Says Trump Pushed Him ‘Essentially to Overturn the Election’Pence could be star witness in Trump’s Jan. 6 trialTrump is about to find out the DC circuit court has 'zero tolerance for games': prosecutor Barr calls Trump indictment ‘tip of the iceberg’ in Jack Smith’s case Former Attorney General Bill Barr Suddenly Discovers the Rule of Law Barr obliterates Trump’s defense: ‘He knew well that he had lost the election’ Prosecutors’ challenge: Proving Trump knowingly lied 'This is a day of jubilation': Steve Bannon spins Trump's Jan. 6 arrest as a win for MAGA Trump may be forced to take the stand or his Jan. 6 defense will fall apart: legal expert Here's how Trump will try to avoid jail Dearth of MAGA Fans at Trump’s Arraignment: ‘They Are Not Here’ Trump's arrest playbook becomes clear after third arraignment
(DBN)

Trump's Running Because He Knows He Won’t Survive Prison, Will Hurd Says Donald Trump may die in prison if guilty of 2020 election plot, ex-prosecutor says
(DBN)

Former Trump lawyer Michael Cohen outlines evidence that Jared Kushner flipped Cohen questions why Meadows, Kushner missing from Jan. 6 indictment
(DBN)

Cobb says former president 'is toast'
(DBN)

Unsourced passage in Trump indictment fuels speculation about McCarthy flipping: report Indictment Mystery: Did Someone Spill About the Trump-McCarthy Jan. 6 Call?
(DBN)

Donald Trump Has a Huge Rudy Giuliani Problem Is Rudy Giuliani Too Filthy To Arrest? Excerpts From A Recent Civil Suit May Explain His Apparent Immunity.
(DBN)

Judge Says Manhattan DA Can See Trump’s Rude Rape Trial Deposition
(DBN)

House Democrats press for Trump trial to be televised
(DBN)

Trump Continues To Assert 'Technically Not A Rapist' Claim In Carroll Defense E. Jean Carroll Argues Second Trump Trial Should Be Limited to Damages
(DBN)

Trump's ticket to freedom
(DBN)

Pro-Trump lawyer facing disbarment is now trying to limit who can vote in primaries
(DBN)

2020 election challenger faces arrest for unlawful possession of a voting machine
(DBN)

Pro-Trump lawyer charged in Michigan voting machine tampering case
(DBN)

GOP releases Devon Archer transcript after lawmakers give conflicting accounts READ: Devon Archer interview transcript released by House Oversight panel Transcript of GOP witness' 'bombshell' testimony shows Hunter Biden's calls to dad were about 'family' and 'fishing' Family ties were big part of Hunter Biden brand, former Burisma official says Hunter Biden business associate testifies he has no knowledge of wrongdoing by Joe Biden
(DBN)

Texas AG Paxton appears in court on felony fraud charges
(DBN)

Florida school shooting to be re-enacted as part of civil lawsuit
(DBN)

Mississippi ex-law enforcement charged with civil rights offenses against 2 Black men during raid
(DBN)

Ex-Louisiana Trooper Acquitted of Violating Civil Rights of Black Motorist
(DBN)

As many as 4 people incarcerated at a Georgia jail died in 1 week last year, records show
(DBN)

Six Mississippi policemen admit torturing Black men
(DBN)

Suspect in University of Idaho killings was out driving alone around time of deaths, attorneys say
(DBN)

An 87-year-old woman fought off an intruder, then fed him after he told her he was hungry
(DBN)

Body of Migrant Found in Texas’ Buoy Barrier in Rio Grande
(DBN)

Biden administration plans to expand curfew program for families seeking asylum Biden asylum restrictions at border can remain for now, appeals court rules
(DBN)

Red State Prepares to Legalize Abortion
(DBN)

The concertgoer who said Cardi B hit her with a microphone says she wasn't even the person who threw a drink at the rapper: police report
(DBN)

Deputies identify remains in shallow grave as wife whose family never reported her missing
(DBN)

Woman beat mother with 'a can of unopened pasta sauce,' leading to her death: Police
(DBN)

2 U.S. Navy sailors arrested on charges of sharing sensitive data with China
(DBN)

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Judges:

Who is the judge handling Trump’s initial court appearance?
(DBN)

A conservative former federal judge said Trump 'has cynically chosen to inflict this embarrassing spectacle on the Nation' following his indictment
(DBN)

Lindsey Graham Slams Judge In Trump Fake Electors Case. There's Only One Problem With That...
(DBN)

‘Presidents are not kings’ judge will oversee Trump election-subversion case
(DBN)

So, Are We Just Ignoring The Supreme Court Now?
(DBN)

Supreme Court struggling to agree on ethics policy, Justice Kagan says Kagan clashes with Alito on Supreme Court ethics code: 'Congress can regulate' Kagan enters fray over Congress’ power to police Supreme Court
(DBN)

Senate Democrats urge recusals for US Supreme Court's Alito
(DBN)

Top US Business Court Bolsters Reputation With Big Lawyer Fees
(DBN)

Contentious Rulings, Ethics Questions Don’t Dent Supreme Court Standing
(DBN)

Wisconsin Supreme Court chief justice accuses liberals of ‘raw exercise of overreaching power’ America’s worst gerrymander may soon finally die
(DBN)

Pauline Newman's Dissents Get More Attention Than Her Coworkers Making Up Medical Conditions About Her
(DBN)

Court throws out conviction after judge says Black man ‘looks like a criminal to me’
(DBN)

Matthew Kacsmaryk Could Singlehandedly Shut Down Planned Parenthood
(DBN)

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Wall Street:

Nasdaq 100 futures rise slightly as investors weigh Big Tech earnings, await key jobs data
(DBN)

Meme-stocks make a comeback after Tupperware and bankrupt Yellow see shares jump more than 800%
(DBN)

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Layoffs:

150 laid off at USF Holland operation in Edwardsville
(DBN)

Thermo Fisher cuts 106
(DBN)

UW-Oshkosh plans layoffs, furloughs in response to $18 million deficit
(DBN)

FedEx Cuts Hundreds Of Jobs
(DBN)

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Education:

Debt-Ridden West Virginia College to Close Abruptly, Leaving Students in the Lurch
(DBN)

The UCLA Students Who Live in Their Cars
(DBN)

Florida bans AP Psychology courses across the state
(DBN)

Texas A&M reaches $1 million settlement with journalism professor over hiring controversy Texas A&M will pay $1M to Black professor following botched hiring and internal review
(DBN)

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Crypto:

Sam Bankman-Fried Faces Jail as DOJ Pushes for Incarceration
(DBN)

Genesis’ Bankruptcy Mediation Faces Make-Or-Break Deadline
(DBN)

Crypto.com was among dozens of potential suitors for FTX Europe. But the bankruptcy estate isn’t selling it
(DBN)

New York man admits to Bitfinex hack during guilty plea to bitcoin money laundering
(DBN)

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Sports:

Sinclair loses $89 million in first full quarter since Diamond Sports bankruptcy
(DBN)

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Pensions:

Union president: White House to inject money into insolvent pension fund
(DBN)

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Economy:

Fed's Barkin: Inflation still too high, hopes recent data is 'a sign'
(DBN)

Slowing US Wage Growth to Set Stage for End of Fed Tightening
(DBN)

BofA Clients Turn Cautious, Flee From Stocks on Recession Risks
(DBN)

Food Prices Pick Up as Trade Tensions, Extreme Weather Flare
(DBN)

America's credit score got slashed – but that's not the economic disaster it sounds like Manchin: Downgrade of America’s credit rating a ‘historic failure’ of political leadership 'Rich Dad, Poor Dad' Author Says 'Brace For Crash Landing' As Fitch Downgrades US Credit Rating The US dollar and Treasurys remain global safe havens even after Fitch's debt downgrade, Goldman Sachs says Debt-Burdened World Leaders Just Love to Hate Ratings Companies
(DBN)

July Employment Preview
(DBN)

Global Bond Market Mood Souring Ahead of Pivotal US Jobs Report
(DBN)

Treasury yields hold steady ahead of key jobs report
(DBN)

ISM® Services Index Decreases to 52.7% in July
(DBN)

Weekly Initial Unemployment Claims Increase to 227,000
(DBN)

CEOs made 272 times more than their workers in 2022, earning nearly $17 million on average You’d have to work five lifetimes to make what your boss makes in one year, report shows
(DBN)

Lavish CEO Pay Targeted In Strikes
(DBN)

What "early hikers" can teach the U.S. about fighting inflation
(DBN)

House GOP worries that hardliners actually want a shutdown Republican Voters Are Pushing Their Party Toward a Shutdown
(DBN)

Actually, Most Americans Can Come Up With $400 in an Emergency
(DBN)

Midwest Emerges as Return-to-Office Champ, Soundly Beating Northeast
(DBN)

Return-to-office stalwart Austin increasingly working from home
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Realtor.com Reports Weekly Active Inventory Down 9% YoY; New Listings Down 17% YoY
(DBN)

The state tax foreclosure law is unconstitutional. So why is it being enforced?
(DBN)

Homebuyers had 45,000 fewer homes to choose from in July as the US housing market remains as tight as ever
(DBN)

Economists Support Nationwide Rent Control in Letter to Biden Admin
(DBN)

U.S. office space is on track to shrink for first time on record
(DBN)

The price of a typical starter home fell in San Francisco, Austin, and Phoenix, bucking a national trend — here’s why
(DBN)

‘It shouldn’t be this difficult:’ Pa. homeowners desperate as mortgage aid struggles drag on
(DBN)

Casco puts ultra-luxe Chelsea condo project into bankruptcy
(DBN)

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Oil/Gas:

Saudi Arabia to extend voluntary 1 million barrel per day crude oil production cut into September
(DBN)

Oil prices are moving up as recession fears ease
(DBN)

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Politics:

About half of US Republicans could spurn Trump if he is convicted -Reuters/Ipsos poll 52% of Republicans won't vote for Trump if he goes to prison: poll
(DBN)

Dark and sinister rhetoric drenches right-wing media amid Trump indictments
(DBN)

A Sullen Frank Luntz Warns That Conflicting Realities Portrayed On Cable News A Sign Of ‘The Beginning Of The End’ For The U.S.
(DBN)

Ron DeSantis agrees to debate Gavin Newsom on Fox News Ron DeSantis' Debate With Gavin Newsom Could Backfire Spectacularly Gavin Newsom running for president? His fundraising strategy signals White House aspirations
(DBN)

Everything to know about the first Republican presidential debate
(DBN)

DeSantis says he will start 'slitting throats' on his first day in office
(DBN)

'Fake' church linked to Sarah Palin accused of 'intoxicating' array of campaign violations
(DBN)

Joe Scarborough: Republicans and Fox News Are Now ‘Willing to Trash America’ to Defend Trump
(DBN)

Dianne Feinstein's daughter holds power of attorney over ailing senator amid family finance fight
(DBN)

A Democratic governor in Mississippi? Here’s how it could happen.
(DBN)

Cornel West Owes the IRS More than $500,000 in Taxes
(DBN)

For an Ailing Feinstein, a Fight Over the Family Fortune
(DBN)

Tennessee Democrats expelled by GOP over protests win back their seats
(DBN)

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Food/Beverage:

High Bluff to Buy 81 Hardee’s from Former Franchisee
(DBN)

Bud Light Boycott Sparks Big Profit Drop Joe Rogan drinks Bud Light, slams boycott over Dylan Mulvaney: 'People are silly' Bud Light controversy cost AB InBev about $395 million in lost US sales
(DBN)

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Autos:

Hyundai and Kia recall nearly 92,000 vehicles and tell owners to park them outside due to fire risk
(DBN)

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Religion:

Why So Many Americans Have Stopped Going to Church
(DBN)

Pope tells youths to tackle climate crisis, poverty
(DBN)

‘Censorship’ charged after clerical abuse billboard is removed as pope arrives in Portugal
(DBN)

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Newspapers:

She paid a fortune for her town’s paper. Years of turmoil followed.
(DBN)

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Tech:

As Bitwise Legacy Erased, Creditors Meet. What About Employee 401(k)?
(DBN)

How layoffs and A.I. are impacting tech workers
(DBN)

____________

Celebs:

Danny Trejo Forced to Sell Off LA Home to Pay IRS After Actor's Strike Messed With Bankruptcy Repayment Plan
(DBN)

Blogger Who Owes Cardi B $3 Million Does ‘Not Have the Ability' to Pay Debt, Attempting to Work Out Deal: Bankruptcy Docs
(DBN)

Mark Zuckerberg’s wife Priscilla Chan is fed up with his MMA obsession after he built a fighting cage in his backyard
(DBN)

The microphone that Cardi B hurled at a fan is up for auction on eBay, and the bids are at nearly $100K
(DBN)

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Banking:

Bridgeport bank failure fallout: Dead CEO’s sister pleads guilty in collapse of Washington Federal Bank for Savings
(DBN)

Banks Keep up High Use of New Fed Lending Program After Spring Turmoil
(DBN)

Phony bank accounts resurface at Wells Fargo, with a twist
(DBN)

AT1s Deliver Big Returns to Traders Braving Credit Suisse Rout
(DBN)

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Retailing:

Bankrupt Party City stores fighting to stay alive after 35 closures in 2023 – full list of shuttered locations
(DBN)

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History:

27 Enslaved African Americans in Maryland Linked to 42,000 Living Relatives
(DBN)

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Television:

Fox Blasts ‘Landmark’ Effort to Kill Local Station as ‘Violation of the First Amendment’
(DBN)

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Energy Storage:

Is Azelio’s abrupt bankruptcy a bad omen for long-duration energy storage?
(DBN)

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Hotels:

Occupancy Rate Up 0.6% Year-over-year
(DBN)

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Cannabis:

Marijuana mega-merger goes up in smoke
(DBN)

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Labor:

Warner Bros. Discovery boss David Zaslav says Hollywood writer and actors' strikes saved the company $100 million
(DBN)

UAW Demands 40% Pay Hike in Labor Talks With Detroit Automakers
(DBN)

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Health and Beauty:

Surviving bankruptcy: A guide for beauty brands
(DBN)

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Autos:

13 parties show interest in Lordstown Motors
(DBN)

EV Startups Burn Through More Cash as Demand Falters
(DBN)

Lawsuit accuses TESLA of exaggerating driving range to boost EV sales
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

U.S. corporate bankruptcies rise this year rise to second-highest level since 2010
(DBN)

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Subchapter V:

Beating The “Single Asset Real Estate” Exclusion From Subchapter V Eligibility (In re Evergreen)
(DBN)

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Bankruptcy Policy:

Modular Bankruptcy : Toward a Consumer Scheme of Arrangement
(DBN)

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Distressed Investing:

Distressed M&A Considerations
(DBN)

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Aviation:

Kleos Space Files for Bankruptcy, Says It’s Unable to Raise Funds
(DBN)

These are the airlines most likely to bump you from flights
(DBN)

A JetBlue plane nearly collided with a charter jet on a runway, and a photo from the cockpit shows just how close the encounter was
(DBN)

Passenger arrested on Delta flight after cutting self, flight attendant
(DBN)

Americans are going abroad in droves — at the expense of domestic travel
(DBN)

British Airways Staff Win 13% Pay Rise, £1,000 One-Off Payment
(DBN)

Go First can’t fly lessors’ aircraft as of now: HC Go First moves Supreme Court against Delhi High Court nod to aircraft lessors to access planes
(DBN)

____________

Trucking:

Hedge Fund Certainly Doesn’t Seem To Think Yellow Has Run Out Of Road
(DBN)

Yellow’s Demise Won’t Sink Central States, Thanks to US Bailout
(DBN)

How a Yellow bankruptcy would influence freight, used truck markets
(DBN)

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Climate:

Waves grow up to 13 feet tall in California as Earth warms, research finds
(DBN)

Canada wildfire emissions already more than double the previous annual record
(DBN)

Drought threatens major European river trade route with ripples across the continent
(DBN)

Heat wave redux brings "oppressive" conditions to 70 million people
(DBN)

Spain Braces for Next Blast of Heat as Northern Europe Stays Cool
(DBN)


____________

Healthcare:

North Carolina hospital closes, files for bankruptcy Martin General Hospital “suspending operations” and filing for bankruptcy Martin General Hospital suspends operations due to financial struggles, seeks bankruptcy protection
(DBN)

Hospital that filed for bankruptcy explores partnership with 6-hospital system
(DBN)

Adventist takeover of shuttered hospital contingent on loan approval
(DBN)

South City Hospital in St. Louis, formerly St. Alexius, set to close
(DBN)

Bankrupt Friendship Village of Schaumburg receives bids from several companies
(DBN)

Federal Bankruptcy Court Stays Envision Healthcare Litigation in California
(DBN)

Doctors say insurers are ignoring orders to pay surprise billing disputes
(DBN)

Top Doctors' Group Backs Gender Affirming Care
(DBN)

Mom of two dies from drinking too much water after feeling dehydrated on family trip
(DBN)

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Student Debt:

Student Loan Forgiveness Finds Unlikely Republican Champion
(DBN)

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Kitchenware:

Tupperware shares soar on agreement with lenders to restructure debt
(DBN)

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Cannabis:

You can’t sue, marijuana is illegal, federal judge tells Michigan cannabis business
(DBN)

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UK:

Budget retailer Wilko on brink of collapse, with 12,000 jobs at risk
(DBN)

Bank of England raises key interest rate
(DBN)

Northampton taxpayers can breathe sigh of relief after £8million invested in bankrupt council has been repaid
(DBN)

The British economy is being hit by four policy shocks at the same time
(DBN)

Six Restaurants A Day Declared Insolvent – But Why?
(DBN)

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EU:

Decline in euro zone business activity accelerated in July
(DBN)

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Canada:

Consumer and business insolvencies rising under weight of higher interest rates
(DBN)

Out of Time & Out of Luck: Court Declines Abridgement of Time for Filing and Service in Insolvency Proceedings
(DBN)

Border duty free shops call for complete forgiveness of pandemic loans
(DBN)

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Ireland:

Examinership in Ireland: recent cases emphasize that a conditional rescue scheme Is not a bar to court approval
(DBN)

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Russia:

Russia fines Apple, Wikipedia for leaving up content it doesn’t like about Ukraine war
(DBN)

Putin’s Armageddon plan keeps working
(DBN)

Putin’s Justification for War Is Unraveling
(DBN)

A top Russian general's rare admission that his elite paratroopers suffered heavy casualties in Ukraine was mysteriously removed
(DBN)

Ukrainian troops are abandoning US tactics in their counteroffensive because they haven't worked
(DBN)

Ukraine says density of Russian mines is ‘insane’ as it plays down counteroffensive expectations On Ukraine’s landmine-strewn front, even the corpses can kill
(DBN)

Ukrainian resistance poisoned 17 Russian officers as they celebrated how great their military is, killing at least 2, official says
(DBN)

Russian woman interrogated and fined for photo of bag saying, ‘Sex is cool, but Putin’s death better’
(DBN)

Belarus Threatens Poland, Risking Cracks Among Ukraine’s Backers Poland accuses Ukraine of lack of gratitude for support in war
(DBN)

Backdoor Negotiations Over Ukraine Would Be a Disaster
(DBN)

Russian warship appears damaged in Ukrainian sea drone attack on navy base
(DBN)

____________

MENA:

Anti-LGBTQ backlash grows across Middle East, echoing U.S. culture wars
(DBN)

US military may put armed troops on commercial ships in Strait of Hormuz to stop Iran seizures
(DBN)

The Taliban Burned a Pile of Musical Instruments Because They’re ‘Immoral’
(DBN)

Cleric arrested after allowing women to preach in largest Muslim-majority nation
(DBN)

____________

China:

Protection of Minority Creditors — A Group without Proper Protection in Bankruptcy Law
(DBN)

China's housing market is so bad people are rushing to the US to buy a home
(DBN)

Chinese property stocks surge after central bank vows more support for private businesses
(DBN)

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Cayman Islands:

‘What say ye?’: The importance of creditors’ views in restructurings – an offshore perspective
(DBN)

The restructuring officer regime in the Cayman Islands: the Grand Court showcasing its flexibility to support cross-border restructuring processes
(DBN)

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Venezuela:

Third Circuit Affirms Judgment Allowing Creditors of Venezuela Who Obtained Arbitration Awards to Attach U.S. Assets of Venezuela’s National Oil Company
(DBN)

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France:

S&P downgrades Casino debt deeper into junk status on "virtual certainty of default"
(DBN)

____________

Germany:

Germany Factory Orders Unexpectedly Jump Most in Three Years
(DBN)

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