July 19, 2023

The Daily Bankruptcy News

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Law:

Jones Day Advises Scott, Not Trump, in GOP White House Campaign
(DBN)

Service in Texas AG’s office doesn’t protect top assistant from ethics complaint, appeals court says
(DBN)

A Biglaw Firm Where Associate Well-Being 'Matters More Than The Bottom Line'
(DBN)

Cole Schotz Gains Bankruptcy Lawyer Harris as Hackensack Member
(DBN)

Coca-Cola Loses Bid to Boot Paul Hastings From Lawsuit Judge Rejects Coke's Motion to Disqualify Paul Hastings, Says Beverage Giant Signed Valid Conflict Waiver
(DBN)

BigLaw partner sued for alleged ‘toxic work environment’ comment about ex-Commanders executive
(DBN)

Companies must end racial preferences or face accountability ‘sooner rather than later,’ 13 state AGs say 13 State AGs Band Together To Focus On What Really Matters -- Preventing Affirmative Action
(DBN)

Law School Won't Close Next Year, But The Year After That Looks A Little Bleak
(DBN)

USC Gould Law Appoints Its First Black Dean
(DBN)

Bride Wants To Mention T14 Class Rank In Wedding Vows
(DBN)

International Soccer Superstar Lionel Messi Trusts Biglaw To Get The Job Done
(DBN)

Trump Gets Letter Saying He Is a Target of January 6 Probe What is a target letter? Trump says he's a target in Jan 6. probe, anticipates arrest Trump says Jack Smith has given him 4 days to appear in front of the January 6 grand jury House Republicans jump to Donald Trump's defense after he says he's target of Jan. 6 probe Sources: Target letter about Jan. 6 probe caught Trump's team off guard For Democrats, a Trump Jan. 6 indictment is personal DOJ target letter comes as no surprise for members of Jan 6 panel Analysis: What we know about Trump’s efforts to undo the 2020 Prosecutors have interviewed officials from all 7 battleground states targeted by Trump and his allies as they sought to overturn the 2020 electionelection
(DBN)

DeSantis says Trump ‘should have come out more forcefully’ on Jan. 6
(DBN)

GOP's uncomfortable Trump defense GOP senators hold back on defending Trump as he faces new indictment
(DBN)

Former Trump aide claims he’s profiting off legal woes: ‘This is simply a grift’
(DBN)

GA Supreme Court Declines Invitation To Shred State's Law To Protect Trump
(DBN)

Trump classified docs judge skeptical of push to delay trial past 2024 election
(DBN)

Donald Trump’s legal problems: where does each case stand?
(DBN)

Air National Guardsman accused of leaking documents wants to be treated like Trump National Guardsman in classified documents leak case cites Trump, seeks pretrial release
(DBN)

6 things to watch as Trump classified documents case returns to court Trump's lawyers to appear in Florida court in classified documents case Trump Documents Hearing Could Set Off Lengthy Fight Over Classified Evidence Here are all the ways Judge Aileen Cannon can tip the scales in Trump's favor Judge in Trump classified docs case says mid-December trial would be too soon
(DBN)

GOP debates impeaching Merrick Garland after McCarthy surprise
(DBN)

The storm of legal threats engulfing Donald Trump
(DBN)

Michigan Charges 16 in False Elector Scheme to Overturn Trump’s 2020 Loss What we know about the 16 fake electors charged in Michigan
(DBN)

Harvey Weinstein is demanding $1 million from a man he claims stole his Banksy paintings
(DBN)

Pro-Paxton Group Gives $3M to Dan Patrick
(DBN)

He was making a documentary about police brutality. Then the LAPD tased him in his home
(DBN)

Minneapolis police agree to court-enforced reforms 3 years after George Floyd protests
(DBN)

Top Cop: Gilgo Beach Suspect Hid His ‘Double Life’ From His Family Why police arrested suspected Gilgo Beach killer away from his house In Gilgo Beach Slayings, a Wife Nearby but Apparently Unknowing LI cops ignored vital lead that could have led to Gilgo Beach murder suspect 13 years ago Neighbor says Gilgo Beach murder suspect 'creeped out' wife while she was sunbathing, had 'harsh' confrontation
(DBN)

U.S. has accepted half a million migrants under legal migration expansion
(DBN)

Proposed Alabama map rejects Supreme Court-mandated second Black-majority district
(DBN)

Three-year-old kills baby sister with ‘unsecured handgun’ left in California home
(DBN)

Iowa judge blocks state's new abortion law
(DBN)

Illinois Supreme Court Upholds Measure Designed to End Cash Bail
(DBN)

Woman driving home finds man hiding in backseat
(DBN)

Wisconsin Cops Discover House of 'Horror' After Bloodied Kids Escape
(DBN)

Mom accused of medical child abuse searched 'how to fix Munchausen by proxy': Sheriff
(DBN)

Man offered to pay 'hitman' $27,000 in Bitcoin to kill ex-father-in-law: FBI
(DBN)

Las Vegas police serve search warrant related to ‘ongoing Tupac Shakur homicide investigation’
(DBN)

A 12-year-old is facing charges for allegedly throwing acid on an 11-year-old girl at a Detroit playground, officials say
(DBN)

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Judges:

The 2023 SCOTUS Awards
(DBN)

Progressive poll: Majority say Supreme Court faces legitimacy crisis
(DBN)

Minnesota AG compares Clarence Thomas to house slave in ‘Django Unchained’
(DBN)

Dallas Cowboys owner Jerry Jones gave Clarence Thomas a Super Bowl ring that could be worth $100,000
(DBN)

Sexual relationship between judge and prosecutor entitles murder defendant to new trial, court rules
(DBN)

California Supreme Court rejects SCOTUS decision, keeps state labor law alive
(DBN)

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Wall Street:

Stock futures rise slightly after Dow posts a seventh straight day of gains
(DBN)

Dow pops more than 300 points for 7th straight positive day, longest winning streak since 2021
(DBN)

Goldman Sachs misses on profit
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Layoffs:

Morgan Stanley’s Job Cuts Cost $308 Million
(DBN)

Twitter Is Refusing to Pay Severance, Laid-Off Workers in Ghana Say
(DBN)

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Autos:

What to know about Lordstown Motors' bankruptcy filing
(DBN)

Who’s to Blame? Failing Business or Foxconn?
(DBN)

Ford Takes $3.6 Billion Hit for Following the Tesla Playbook
(DBN)

Tesla's board of directors will return $735 million on claims they were overpaid
(DBN)

Carvana shares jump on deal to reduce debt by $1.2 billion
(DBN)

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Politics:

‘Non-human intelligence’: Schumer proposes stunning new UFO legislation
(DBN)

Trump Hired Adviser He Pardoned for Campaign Finance Crimes
(DBN)

Is Tennessee a Democracy?
(DBN)

Biden shares video of Marjorie Taylor Greene speech to promote his agenda
(DBN)

Michigan GOP 'functionally bankrupt' as fundraising drops and 'chaos' breaks out
(DBN)

Gephardt: No Labels effort ‘would probably elect Donald Trump’ in race against Biden No Labels throws a coming out party, stoking Dem fears of a third-party bid US Sen. Manchin outlines pressure campaign against major presidential candidates No Labels founder vows to end third-party effort if it aids Trump
(DBN)

Trump plan to expand president’s power would lead to ‘purely partisan’ government employees: former aide
(DBN)

Trump says he’d ask Europe to pay for rebuilding stockpiles sent to Ukraine if reelected
(DBN)

Top Republican ‘very worried’ about GOP votes against Ukraine aid
(DBN)

House Dems launch push to mobilize Black voters for 2024
(DBN)

Some New York Republicans plan to support Santos censure
(DBN)

‘Toxic amendments': Schumer prepares to fight far-right proposals in Pentagon bill
(DBN)

He’s Running for Senate as a Montana Rancher. He’s Skipped Out on the Rancher Taxes.
(DBN)

DeSantis won’t say if he will sign federal six-week abortion ban
(DBN)

How Texas Republicans are catering to election deniers in this county
(DBN)

CMT pulls Jason Aldean's controversial "Try That in a Small Town" video
(DBN)

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Pharma:

Johnson & Johnson sues Biden administration over Medicare drug negotiations
(DBN)

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Economy:

US Industrial Production Decreased in June for a Second Month Industrial Production Decreased 0.5% in June
(DBN)

Companies Requiring Full-Time In-Office Are Struggling to Recruit New Employees
(DBN)

American Credit Scores That Got Pandemic Boost Are Sliding Again
(DBN)

Navigating the long shadow of high household debt
(DBN)

America’s Piggybank Is Empty
(DBN)

Traders Fully Price a Fed Quarter-Point Rate Hike Next Week
(DBN)

Yellen Sees Disinflation Pressures at Work as Hiring Surge Fades
(DBN)

Billionaire investor Ken Fisher 'debunks' debt-crisis risk Ray Dalio warned of - borrowings are 'not the problem you think it is'
(DBN)

The ‘Dean of Valuation’ warns inflation and recession risks remain – and stocks may disappoint bulls in the second half
(DBN)

Food Inflation Is Still High Around the World
(DBN)

American consumers kept spending in June
(DBN)

Everyone's starting to feel the "soft landing"
(DBN)

US retail sales rise slightly in June; core retail sales solid US retail sales rise moderately; economy plodding along
(DBN)

One quarter of adult children estranged from a parent
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US Homebuilder Sentiment Hits 13-Month High Amid Tight Supply NAHB: Builder Confidence Increased in July Homebuilder sentiment rises again in July, but builders warn higher mortgage rates are hurting
(DBN)

Mortgage-refinance demand recovers some after rates come off recent highs MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

Office real estate values are moving down so fast that banking giants like Wells Fargo are already bracing for losses
(DBN)

Just 1% of US homeowners sold their house in the first half of the year, leading to the lowest inventory of all time
(DBN)

Four things to know about the rapidly changing housing market
(DBN)

NMHC: "Apartment Market Continues to Loosen"
(DBN)

Starwood Defaults on $212.5 Million Atlanta Office Mortgage
(DBN)

Record Miami Land Sale Collapses Amid Commercial Real-Estate Slowdown - WSJ
(DBN)

Settlement reached on bankrupt Texas senior living community's bonds
(DBN)

Another company avoids risky Florida home insurance policies: Here's what caused the crisis Citizens Insurance seeks 13% rate hike as Florida reinsurance renewals see 30%+ increase
(DBN)

Hundreds invested $63m in real estate deals, but where’s the cash?
(DBN)

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Municipalities:

Reflecting on Detroit’s bankruptcy 10 years later Forced to retire at 60, this firefighter's finances took a big hit — like so many other retirees.
(DBN)

Milwaukee wins new sales tax for pensions, public safety
(DBN)

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Oil/Gas:

Zombie Wells, Part 3: Sinkholes near old Texas oil wells may signal issues in climate change fight
(DBN)

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Banking:

PNC Kicks Off Regional Bank Earnings by Slashing Guidance
(DBN)

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Tech:

Jim Jordan considers holding Zuckerberg in contempt of Congress
(DBN)

It’s official: Silicon Valley’s entire business model is a scam
(DBN)

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Cannabis:

The Distressed Cannabis Business: An Alternative to Bankruptcy
(DBN)

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Labor:

UPS strike would cost U.S. economy billions —per day ‘UPS dug their heels in’: Teamsters UPS strike plans emerge, could affect 30 percent of parcels
(DBN)

Attorneys Take To The Picket Line
(DBN)

I’m a Hulu and Netflix star—and I barely make enough to support my kids
(DBN)

Actors and Hollywood Studios ‘Remain Far Apart’ on Crucial Issues
(DBN)

Hollywood actors say strike is a battle for workers' rights amid AI's rise
(DBN)

The Hollywood Strike Could Exceed $3 Billion In Economic Fallout. Here's Why
(DBN)

Actors strike: Union, studios squabble over words
(DBN)

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Crypto:

Embattled Crypto Exchange FTX Loses Australian Business Licence: Here's What Happened
(DBN)

Arkham’s ‘Dox-to-Earn’ Platform Offers Bounty on $415 Million FTX Mystery
(DBN)

Crypto Miner Argo Blockchain Raises $7.5M in Share Sale
(DBN)

Celsius To Sell Self-Custody Platform For 78% Loss, But It Gets Worse
(DBN)

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Student Debt:

Biden's administration just kicked off the process to get student-loan forgiveness to millions of borrowers, vowing to 'work as quickly as possible under the law'
(DBN)

Provide student loan forgiveness by changing bankruptcy laws
(DBN)

What Biden’s SAVE plan means for student loan borrowers
(DBN)

Biden’s next student debt relief plan will target ‘borrowers who need it the most,’ Kvaal says
(DBN)

Here’s how Biden’s $39 billion in student loan forgiveness may impact your taxes
(DBN)

A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
(DBN)

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Healthcare:

Louisiana bans gender-affirming care for trans youth despite governor's veto
(DBN)

We’re Already Paying for Universal Health Care. Why Don’t We Have It?
(DBN)

Democratic lawmaker warns of ‘gray tsunami’ coming for Medicare benefits
(DBN)

A mom owed nearly $102,000 for her son's stay in a state mental health hospital
(DBN)

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Trucking:

Teamsters issue strike notice after Yellow Corp. fails to make $50M in benefits contributions
(DBN)

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Sports:

MLB to take over Diamondbacks broadcasts after termination of Diamond Sports deal
(DBN)

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Agribusiness:

AeroFarms updates bankruptcy restructuring efforts AeroFarms pursuing 363 sale
(DBN)

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Bicycles:

The Apple Of E-Bikes Has Just Gone Bankrupt And We Can't Say We're Surprised
(DBN)

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Awards:

Q2 Bankruptcy League Tables: Put to Bed Q2 Restructuring League Tables: Checkered Quarter
(DBN)

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Credit Reporting:

Second Circuit rules whether alleged inaccuracy is “factual” or “legal” does not determine if claim is actionable under the FCRA
(DBN)

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Biotechs:

9 Meters files for bankruptcy as funding woes grip early-stage biotechs
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

DIP Finance:

Standardizing and Unbundling the Sub Rosa DIP Loan
(DBN)

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Subchapter V:

Subchapter V: Its History And Its Future (An Interview With Robert J. Keach)
(DBN)

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Mass Torts:

Judge Sues Insurers for Alleged Bad Faith in Boys Scouts Sex Abuse Cases
(DBN)

Opioid Victims Object to Supreme Court Review of Purdue Pharma’s $6 Billion Settlement - WSJ
(DBN)

Johnson & Johnson must pay $18.8 million to California cancer patient in baby powder suit A terminally-ill man won $18 million in a lawsuit after saying he got cancer from Johnson & Johnson's baby powder, but a bankruptcy court order means he likely won't live long enough to see the money
(DBN)

Trusted brand abusing bankruptcy system to resolve cancer claims, attorneys say
(DBN)

AT&T's stock is sinking under the weight of future litigation over toxic lead cables
(DBN)

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Defaults:

U.S. corporate default tally rises to 55 to exceed the 36 recorded in all of 2022
(DBN)

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Aviation:

Las Vegas airplane passengers faint while waiting 4 hours for takeoff in scorching 111-degree weather — without AC Delta flight canceled after passengers suffer heat illnesses amid triple-digit temps in Las Vegas
(DBN)

ExpressJet Airlines Eyes Restart With 777
(DBN)

Go First loan won't cause losses, hopeful about airline: Central Bank execs
(DBN)

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Retailing:

Retailers' Problems Get Real
(DBN)

US Retail Sales Edge Higher as Key Metric Shows Resilient Demand Retail sales rise at slower-than-expected pace in June
(DBN)

The Bed Bath & Beyond Website Is Coming Back—Sort Of
(DBN)

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Education:

Poll: College students say legacy admissions aren't fair
(DBN)

Ta-Nehisi Coates Crashes School Board Meeting Over Banning His Book
(DBN)

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Climate:

The fastest route to a climate turnaround is also less expensive
(DBN)

World Bank's climate cash injection: A $50 billion green boost
(DBN)

GOP front-runners have little to say on climate change amid record heat
(DBN)

The Intersection of Debt and Climate in Emerging Market and Developing Economies: Roundtable Report
(DBN)

There is no ‘new normal’: absent drastic action, the climate will only get worse
(DBN)

In Earth’s hottest spots, heat is testing the limits of human survival
(DBN)

The Economic Fallout From Extreme Heat Will Rise Over Time
(DBN)

Heat Divide Leaves Low-Income Workers Among the Most Vulnerable
(DBN)

For Florida’s Hurricane Ian survivors, extreme heat is a ‘second disaster’
(DBN)

Palm Springs Is Heating Up, and Only Getting Hotter
(DBN)

In Phoenix, 18 Days of Extreme Heat With No End in Sight
(DBN)

Heat wave in U.S. strains power grid: "People weren't ready for this heat"
(DBN)

Europe on red alert as heatwave brings health warning
(DBN)

World must prepare for ‘more intense heat waves,’ UN says
(DBN)

As Heat Waves Descend on Europe, So Do Tourists
(DBN)

Heat index in Persian Gulf neared the upper threshold of what humans can endure
(DBN)

When will the heat wave end? For most, there’s no end in sight
(DBN)

Residents flee Greek seaside villages as the dry, hot days leave them vulnerable to wildfires.
(DBN)

Italy could be poised to set a new European temperature record
(DBN)

Europe Edges Toward Record Heat as Wildfires Hit Greece
(DBN)

There Are Now Four ‘Heat Domes’ Around the World
(DBN)

US, China Seek Thaw on Climate as World Broils Under Extreme Heat
(DBN)

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Sovereigns:

Wall Street Spent $350,000 Lobbying EM Debt Restructuring Bills
(DBN)

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UK:

UK Insolvencies Jump as Higher Rates Take Their Toll UK insolvencies rise 27% on last year
(DBN)

UK Inflation Data Set to Fuel Pressure for More BOE Rate Hikes
(DBN)

Rent Increases Helped Make Record Earnings for King Charles III
(DBN)

More Brits than ever say Brexit was wrong choice: YouGov survey
(DBN)

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Canada:

LGBTQ Asylum Seekers Fleeing Violence in Africa Are Sleeping on Canada’s Streets
(DBN)

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MENA:

Israeli Anti-Government Protesters Target Bourse, Roads, Trains Thousands rally, block highways as final vote on Israeli judicial bill looms
(DBN)

Israeli antiques ‘being kept’ at Donald Trump’s Florida home
(DBN)

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Russia:

Another Russian energy war is a real threat to Europe, IEA warns
(DBN)

Putin wanted his own version of NATO. Instead he has a failing alliance that has only made him look weaker since the invasion of Ukraine.
(DBN)

Russian businessmen snapped up $40 billion worth of Western company assets at bargain-bin prices amid the corporate exodus: report
(DBN)

Ukraine Plea to Keep Grain Moving Clashes With Shippers’ Reality Moscow Warns Ukraine Against Shipping Grain Across the Black Sea Without Its Consent
(DBN)

US and NATO grapple with critical ammo shortage for Ukraine
(DBN)

Russia targets southern Ukraine with drones, missiles after attack on Crimean bridge
(DBN)

Russia amasses 100,000 troops as it seeks breakthrough in Kharkiv region, Kyiv warns
(DBN)

Russia’s Overseas Crude Shipments Slump to a Six-Month Low
(DBN)

EU set to approve military sanctions against Belarus
(DBN)

They oppose Putin. But Ukrainians won’t work with them.
(DBN)

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China:

China Assets Lag EM Peers by Most in Decades as Growth Sputters
(DBN)

Evergrande Pushes Restructuring After Posting $81 Billion Loss
(DBN)

Developer at the heart of China's ongoing property crisis lost $81bn in the past two years-more than Google or Microsoft's entire 2022 profit
(DBN)

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Poland:

Poland Wants Pardon for Neo-Fascist Behind Pride Attack
(DBN)

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North Korea:

U.S. Soldier Reportedly Cackled ‘HA-HA-HA!’ While Defecting to North Korea
(DBN)

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India:

IBC overrides Electricity Act, creditors should be repaid before settling government dues: Supreme Court
(DBN)

Unsecured lenders' dues to be prioritized over govt's: Supreme Court
(DBN)

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