August 9, 2023

The Daily Bankruptcy News

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Law:

Good Luck Trying To Make D.C. Lawyers Return To The Office 4 Days Each Week
(DBN)

Vault, Home To Law Firm Rankings, Is Back And Better Than Ever
(DBN)

Law Firm Dentons Splits From China Arm as Beijing Scrutiny Grows
(DBN)

World's Largest Law Firm Splitting Up
(DBN)

Biglaw Firm Dumps Its Problematic Pension To Find Merger Partner Stroock Secures Vote to Buy Out Pension, Clearing Way for Merger
(DBN)

Quinn Emanuel Helps Get 70% for Unsecured Creditors in Bankruptcy Fight
(DBN)

As Pressure Grows for In-Office Mandates, Washington Law Firms Likely to Face 'Resistance'
(DBN)

Litigation Hiring Heats Up, Amid Growing Demand in Countercyclical Practices
(DBN)

Black Women Lawyers Still Experience, See Discrimination in Workplace, Survey Finds
(DBN)

Pronouns should be respected and trans youths protected, ABA House says
(DBN)

Bar admission should not be denied just on basis of immigration status, ABA House urges
(DBN)

Lawyers ‘are called to run towards the storm,’ says incoming ABA President Mary Smith
(DBN)

Former Trump White House lawyer knocks ‘aspirational’ defense in Jan. 6 case Stop Trump from tainting evidence, witnesses, jury, trial: Special counsel to Jan. 6 judge Experts slam Trump attorney’s ‘irrelevant’ protective order response, warn he wants ‘freedom to disclose witness interviews’ 'Donald Trump goes down' if Pence testifies in Jack Smith's case: Bill O'Reilly Trump argues proposed limits on 2020 election case evidence violate free speech ‘Might have to give those millions back’: Legal experts say Jack Smith could seize Trump's fundraising cash Trump Signed Documents Acknowledging Conditions of Release, Includes ‘Tampering, Retaliation, or Intimidation’
(DBN)

Trump Claims First Amendment Right To Publish Names Of Witnesses Against Him In Jan 6 Case
(DBN)

Donald Trump’s advisers would have put the U.S. military in the position of defying orders or turning their weapons on civilians
(DBN)

D.C. grand jury that indicted Trump meets as election probe by special counsel Smith continues
(DBN)

Special counsel still scrutinizing finances of Trump’s PAC
(DBN)

Matt Gaetz outlines wild scheme for Congress to give Trump 'immunity' from prosecution
(DBN)

Smartmatic accuses Rudy Giuliani of ‘dog ate my homework’-style excuses
(DBN)

Trump trap: Long list of witnesses includes his inner circle
(DBN)

US judge sets hearing on evidence in Trump's 2020 election case
(DBN)

Georgia indictment will show if Mark Meadows is Trump's 'no. 1 traitor': legal expert GOP's Brian Kemp in 'precarious political position' as potential star witness in case against Trump Georgia Grand Jury Likely to Hear Trump Case Next Week Trump Attacks Georgia DA Fani Willis, Baselessly Claims She Had An Affair With a Gang Member
(DBN)

Ohio voters flock to the polls with abortion rights at stake US state rejects ballot measure in win for abortion supporters Four takeaways from abortion rights advocates' Ohio win Ohio referendum win for abortion rights sets stage for fights in other states
(DBN)

Arizona coalition seeks to enshrine abortion rights in state constitution next year
(DBN)

An Overdose Prevention Center Faces Legal Scrutiny
(DBN)

Federal agency warned Texas for months that its border wire, buoys are illegal
(DBN)

Boston man files lawsuit seeking to bankrupt white supremacist group over alleged assault
(DBN)

White nationalists sue man for allegedly revealing their identities
(DBN)

Divers Hoping to Solve Cold Cases Find 30 Cars in Florida Lake
(DBN)

Tory Lanez is sentenced to 10 years for shooting Megan Thee Stallion
(DBN)

Three men charged in Alabama brawl that began with attack on a Black dockworker
(DBN)

Houston Texans minority owner allegedly raped, groped, sexually abused women at parties
(DBN)

Vandal baptizes himself after burglarizing church, police say
(DBN)

Teen who murdered homeless woman said he was going 'hobo hunting': Prosecutor
(DBN)

Repair company settles after 2 employees were fired for refusing to attend prayer meetings
(DBN)

9-year-old girl fatally shot by neighbor in front of her father, legal document says
(DBN)

Police arrest woman accused of fatal stabbing over $10
(DBN)

Teen suspect in stabbing of gay dancer in NYC is a 'good Christian boy': lawyer
(DBN)

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Judges:

‘Judge shopping’ in federal courts should end, House urges Judge Shopping Targeted by ABA, Citing Texas Abortion Lawsuit
(DBN)

Trump Demands Judge In January 6th Case Recuse Herself... Which Is News To His Attorney In That Case
(DBN)

Judge rules that Southwest failed to follow his order in a flight attendant's free-speech case Trump Judge Orders In-House Lawyers To Take Classes From Anti-LGBTQ Group Southwest Lawyers Must Take ADF Religion Classes, Judge Says Judge orders Southwest lawyers to undergo 'training on religious freedom' Southwest will appeal judge's ruling requiring 'religious liberty training'
(DBN)

Supreme Court revives federal rules against 'ghost guns' Roberts and Barrett join liberals as Supreme Court revives federal ghost gun restrictions
(DBN)

Security tightened around judge in Trump Jan. 6 case: report
(DBN)

How the Texas AG’s office became a pipeline for conservative federal judges
(DBN)

Pauline Newman's Doctor Has Some Choice Words For The Judicial Panel That Ruled Against Her
(DBN)

Intimidation by Another Name: Attacking Judges with Good Government Rhetoric and the Chilling Effect on Judicial Independence
(DBN)

Impact of trauma on judges, their families and court staff should be studied, ABA House says
(DBN)

Federal Judge Says Defendant 'Looks Like A Criminal To Me,' Which Is Obviously A Problem
(DBN)

Justice Thomas financed his ‘really bougie’ RV with a loan from a wealthy friend; did he pay it off?
(DBN)

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Wall Street:

Stock futures rise as Wall Street tries to recover from Tuesday’s losses
(DBN)

Wall Street firms paying millions in penalties over WhatsApp use
(DBN)

Dan Loeb Surrendered But Meme Army Still Hits Bears for Millions
(DBN)

Debt Extension Workaround Lets CLO Managers Skirt Buying Limits
(DBN)

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Layoffs:

Yellow Hit With More Mass-Layoff Notice Claims After Bankruptcy
(DBN)

Unpacking Amazon’s stealthy mass layoff strategy in Seattle
(DBN)


Gaming Platform MPL Fires 350 Employees
(DBN)

Emergent BioSolutions to lay off about 400 employees
(DBN)

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Banking:

Moody’s Has More Gloomy View on US Banks Amid Several Strains Moody’s cuts ratings of 10 U.S. banks and puts some big names on downgrade watch Moody's Downgrades 10 Banks, 6 More on Notice Moody's says US banks are still strong despite downgrades
(DBN)

Regional bank shares head for worst day in three months
(DBN)

Banks hit with $549 million in fines for use of Signal, WhatsApp to evade regulators’ reach
(DBN)

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Climate:

Midnight Dog Walks, 1 a.m. Shopping: The Heat Has People Living at Night
(DBN)

Missing ice and bleached coral: the sudden warming of the oceans
(DBN)

Antarctica Risks ‘Cascades of Extreme Events’ as Earth Warms, Study Says
(DBN)

Wildfires Burn Swathes of Portugal as Heat Intensifies Across Iberia
(DBN)

Floods, Fires and Torrential Rains Further Bedevil Europe
(DBN)

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Coal:

Biggest Coal Miner Sees Profits Fall as Fuel Extends Decline
(DBN)

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Distressed Investing:

Distressed US corporate debt trading touches 11-month low: JPM
(DBN)

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Movie Theaters:

AMC could face bankruptcy risk if APE conversion battle fails and strikes drag on, analyst warns
(DBN)

AMC CEO Sees “Serious Liquidity Issues” Even As Box Office Booms; “The Dumbest Thing We Could Ever Do In This Industry Is Run Out Of Cash”
(DBN)

AMC hoping to avoid bankruptcy with smash success of "Barbenheimer"
(DBN)

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Economy:

Americans are pulling money out of their 401(k) plans at an alarming rate
(DBN)

Credit card balances above $1 trillion for first time As credit card debt tops $1 trillion for the first time, ‘a huge test’ for cardholders is coming
(DBN)

NY Fed Q2 Report: Household Debt Increased Slightly, Mortgage Balances "Unchanged"
(DBN)

The price of food is soaring, and may remain high in the future
(DBN)

Just 10% plan to wait until age 70 to claim Social Security, survey finds
(DBN)

Harker Says Fed May Be at Point Where It Can Hold Rates Steady
(DBN)

RIP Recession. Is It Time to Worry About Inflation Again?
(DBN)

US Small-Business Optimism Advances to Highest in Eight Months
(DBN)

The S&P 500 will surf a tidal wave of government spending – but other parts of the US economy are in pain, Kevin O'Leary says
(DBN)

Deutsche Bank's Chadha Sees 10% Upside for S&P if Recession Avoided
(DBN)

Short-seller Hindenburg has fueled a massive wealth wipeout for 3 of the world's richest men this year
(DBN)

Democrats press House GOP leaders to maintain SNAP benefits
(DBN)

US Trade Deficit Narrows as Imports Decline to Lowest Since 2021 Trade Deficit Decreased to $65.5 Billion in June
(DBN)

Can the Dream of the Four-Day Workweek Start With Restaurants?
(DBN)

Finance firms' return-to-office crackdown could backfire - study
(DBN)

US business owners seek increased insurance protection amid mounting risks - study
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Washington State Supreme Court Rules Foreclosure Clock Isn’t Started by Bankruptcy
(DBN)

Mortgage demand drops again after FHA loan interest rate hits 21-year high MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

Leading Index for Commercial Real Estate Decreased in July
(DBN)

Millennials powered America’s homeownership boom
(DBN)

Mortgage credit availability sinks to decade low
(DBN)

____________

Municipalities:

Hamptons Partygoers Cast a Worried Eye on New York’s Future
(DBN)

The future of cities, according to the experts
(DBN)

____________

Oil/Gas:

Offshore Drillers See No New Rigs Even as Demand Nears 2019 Peak
(DBN)

Driller’s Bankruptcy Lenders Fidelity, Apollo Stripped of Controlling Stake - WSJ
(DBN)

____________

Education:

Florida school board lifts restrictions on children’s book with male penguin couple
(DBN)

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Tech:

Threads is rolling out new features, including one that lets users see their likes, as the platform tries address a huge user slump
(DBN)

The Midwest is America's robot capital
(DBN)

AI divides America
(DBN)

Senator warns Google over AI use in hospitals
(DBN)

US Chip Plans Hit Speed Bump With Key Jobs Taking Months to Fill
(DBN)

Norway To Fine Meta Nearly $100,000 A Day For Defying Data Use Ban
(DBN)

Canada Media Seek Probe Of Meta's News Block
(DBN)

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Furniture:

Triad furniture manufacturer Klaussner shuts down operations as lending dries up
(DBN)

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Healthcare:

Regents approve UI’s $20 million bid to acquire Mercy Iowa City Legal expert weighs in on Mercy Iowa City bankruptcy
(DBN)

How much money do doctors really make and why is it such a lot?
(DBN)

Time is running out for Friday Health Plans members
(DBN)

Attacks at US Medical Centers
(DBN)

The Obesity Drug Revolution Just Got Real
(DBN)

Scientists working on fat-loss pill which makes you skinny no matter how much junk food you eat make major breakthrough
(DBN)

Likely carcinogen found at US nuclear missile base where cancers have been reported
(DBN)

This Main Line doctor has been sanctioned by 16 states. How is he still practicing?
(DBN)

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Media:

Tucker Carlson could see Rebekah Mercer, Peter Thiel invest in his media company
(DBN)

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Autos:

The Collapse of the EV SPACs: Another One Goes Bankrupt, Others on the Verge
(DBN)

Firefighters troll Elon Musk after another Tesla bursts into flames
(DBN)

Tesla CFO Kirkhorn Exits With $590 Million Fortune Tesla’s New CFO Now Has Two Jobs and a Lot of Question Marks
(DBN)

____________

Crypto:

FTX founder Sam Bankman-Fried still faces campaign finance charges, prosecutors say
(DBN)

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Religion:

Confessions of Canceled Priests
(DBN)

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Politics:

San Antonio Councilman Peláez says bankruptcy trustee suing him for $188K should ‘go pound sand’
(DBN)

America's deepest partisan divides are getting deeper
(DBN)

'It's like crack': George Conway laments Trump supporters are 'addicted to lies'
(DBN)

Trump mocks Chris Christie's weight: 'Don't call him a fat pig' Christie to Trump: Say That to My Face
(DBN)

Do scandals matter anymore? Study finds major controversies barely impact today’s politicians
(DBN)

DeSantis replaces campaign manager in staffing shakeup
(DBN)

Full list: The GOP candidates who qualify for Fox News debate
(DBN)

Numb to Trump: Data shows drop in scandal interest
(DBN)

Hunter Biden's business world overlapped with Joe Biden's political world
(DBN)

Fox News’s Watters on possible Trump protective order: ‘He’ll violate it immediately’
(DBN)

Pence fires back at heckling from Trump supporters
(DBN)

Haley: Tuberville hold on military promotions ‘shameful’ Senate Democrat: Tuberville ‘prepared to burn the military down’ with promotions blockade
(DBN)

Dwindling Blue Dog Democrats look to stage a comeback for moderates
(DBN)

House Republicans say Biden could be impeached by the end of the year: report Vulnerable Republicans aren't sold on impeaching Biden
(DBN)

Jim Jordan reveals what he calls 'smoking gun' evidence against Joe Biden
(DBN)

The new crisis of masculinity
(DBN)

When Small-Town Pride Sounds Like Anger
(DBN)

New poll: Leaders Americans love — and hate
(DBN)

Kari Lake prepares to enter Arizona Senate race
(DBN)

____________

Radio:

With Deals In Boston And Phoenix Imminent, Audacy Says It’s Still Talking To Lenders Rumor Killer: Audacy Is Not Selling Boston & Phoenix Stations (but Those Upcoming Debt Payments Loom)
(DBN)

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Kitchenware:

Instant Pot Maker Gets $30 Million of Fresh Bankruptcy Financing
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

These Companies Are On Track For 13-Year Bankruptcy Rate High
(DBN)

From $40 billion to ‘going concern’ — WeWork warns of possible bankruptcy WeWork warns of bankruptcy risk after years of losses
(DBN)


______________

Mass Torts:

Opioid Victims Struggle to Claim Their Part of Purdue’s $6 Billion Settlement Opioid Victims Struggle With Purdue Pharma Settlement’s High Bar
(DBN)

Facing more than 500 abuse lawsuits, San Francisco Archdiocese says bankruptcy ‘very likely’
(DBN)

A new twist in the diocese’s bankruptcy case
(DBN)

____________

Bankruptcy Reform:

Teamsters union pushes for US bankruptcy reform after Yellow's collapse
(DBN)

____________

Subchapter V:

Subchapter V Trustee’s Facilitation Role (Part 1)—NOT NEUTRAL
(DBN)

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Aviation:

Passenger stuck on a sweltering United Airlines flight for 7 hours with no food said it was 'like being tortured'
(DBN)

Pakistan to privative loss-making national airline
(DBN)

____________

Student Debt:

Elizabeth Warren and Ron DeSantis agree on one way student-loan borrowers should get a path to relief: getting rid of debt in bankruptcy court
(DBN)

____________

Education:

DeSantis' Florida approves classroom videos that compare climate activists to Nazis
(DBN)

Oklahoma Schools Boss Reaches Screwball Territory With China Conspiracy Theory
(DBN)

Concerns over sex content leads Florida schools to pull Shakespeare
(DBN)

Citing 1st Amendment rights of students, ABA House passes resolution against book bans
(DBN)

____________

Labor:

What a trucking company bankruptcy tells us about labor tensions in America
(DBN)

Los Angeles city workers launch 24-hour strike LA City Workers Join Wave of Strikes Disrupting Major Industries
(DBN)

Top White House Labor Adviser to Depart With More Union Talks Ahead
(DBN)

UPS Cuts Forecast With Labor Costs Set to Rise After Union Deal
(DBN)

UPS driver pay and benefits deal in US to be worth $170,000 a year, firm says
(DBN)

Grindr Tells Unionizing Workers: Move Across The Country or Be Fired
(DBN)

UAW says Chrysler-parent Stellantis seeking concessions in talks
(DBN)

Billy Porter says ‘I have to sell my house’ due to Hollywood strikes
(DBN)

____________

Crypto:

FTX’s former law firm hit with lawsuit alleging it set up shadowy entities
(DBN)

Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal
(DBN)

Coinbase wants its junk back: Top U.S. crypto exchange may buy back up to $150 million of its bonds Coinbase begins $150M debt buyback at 36% discount
(DBN)

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage
(DBN)

Huobi Exchange Receives $200M USDT and $9M ETH Amid Insolvency Rumors
(DBN)

Huobi sees US$105 million outflow amid insolvency rumors
(DBN)

Identity checks on crypto exchanges at risk as AI deepfakes evolve
(DBN)

____________

Utilities:

PG&E’s CEO Wants Electric Vehicles to Save California’s Power Grid
(DBN)

Electricity rates in Texas skyrocket amid statewide heat wave
(DBN)

____________

Retailing:

Al's Formal Wear Suddenly Shuts Down Nationally
(DBN)

Retailers are blaming organized theft for lower profits — but it’s hard to prove
(DBN)

____________

Trucking:

Who Takes The Hit From Yellow's Massive Bankruptcy? You Do Price hikes loom for consumers with the loss of Yellow trucking Yellow Corp asset sale could surpass $1.4 billion
(DBN)

____________

Sports:

Bally Sports Bankruptcy: Disney, Apple, Amazon and Google Reportedly Ready to Pounce on Any and All Abandoned NBA Local TV Deals
(DBN)

____________

UK:

All Woking council staff to face redundancy consultation as it grapples bankruptcy
(DBN)

Wilko is the latest shop to be edged out by competition but it doesn’t have to mean the end for the budget retailer
(DBN)

____________

EU:

Europe’s Inflation-Risk Gauge Flashing Red Is a Headache for ECB
(DBN)

China Says Europe’s Soaring Trade Deficit Is Its Own Fault
(DBN)

____________

Russia:

Russia's budget deficit in year-to-date widens to 1.8% of GDP
(DBN)

Zelenskyy warned Russia that it may be left with no ships if it continues to attack Ukraine's ports
(DBN)

Ukraine turns to sea drones in bid to take the war to Russia
(DBN)

Russian Court Freezes $36 Million in Goldman Sachs’s Assets Goldman Sachs wrestles with sanctions fallout as Moscow court freezes $36 million of the bank's assets
(DBN)

Western allies receive increasingly ‘sobering’ updates on Ukraine’s counteroffensive: ‘This is the most difficult time of the war’ What went wrong in Ukraine’s counteroffensive
(DBN)

Tuberville says Ukraine can’t win war: ‘It’s a junior high team playing a college team’
(DBN)

Why a stalled Ukrainian offensive could represent a huge political problem for Zelensky in US
(DBN)

How U.S. microchips are fueling Russia’s military — despite sanctions
(DBN)

Ukrainian city’s residents urged to evacuate as Russia ramps up attacks
(DBN)

____________

China:

‘Alarming’ China data upsets global stock markets
(DBN)

China’s consumer prices fall for the first time in 2 years, as fears of deflation grow
(DBN)

China's property sector is in dire straits as yet another developer reportedly runs into trouble China’s property crisis deepens as another huge developer risks default
(DBN)

China’s Property Ills Worsen as Former Biggest Builder Wobbles
(DBN)

Bearish Bets on Country Garden Jump to Record as Doubts Grow
(DBN)

As tensions rise, U.S. imports from China plummet
(DBN)

China’s economy is sputtering as the nation’s exports hit their lowest level in over 3 years
(DBN)

Biden to Restrict Investments in China, Citing National Security Threats
(DBN)

____________

Italy:

Italy to hit banks with 40 percent windfall tax Italian bank stocks rebound as government waters down windfall tax
(DBN)

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Japan:

'Era of mass closures': The Japanese firms with no successors
(DBN)

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South Korea:

Financial firms ramp up safety measures to avoid bank runs
(DBN)

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