July 21, 2023

The Daily Bankruptcy News

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Law:

Look Which Biglaw Firm Is Hiring (Corporate!) Associates...
(DBN)

Taylor Swift Taps Biglaw Talent
(DBN)

Could Law Schools Get Biblical On Affirmative Action?
(DBN)

Brand New Bar Exam Gets Some Pretty Mixed Reviews
(DBN)

Emerging Developments In Flat Fees
(DBN)

My Experience With Maternity Leave And Changes I Helped Make As A Partner
(DBN)

Everything You Wanted To Know About Opposing Counsel In State Court But Were Afraid To Ask
(DBN)

What If AI Is Actually WORSE For Access To Justice?
(DBN)

Osborne Clarke makes office attendance mandatory for bonus
(DBN)

UK: Ashurst and Travers Smith raise NQ salary
(DBN)

New owner flies Ince staff from around the world to party in London
(DBN)

Is ignorance bliss for laypeople in the legal system?
(DBN)

Gilgo Beach killings suspect’s wife unknowingly helped in his arrest Investigation into Gilgo Beach suspect expands to Nevada, South Carolina The ‘Gilgo Four’ case raises an uncomfortable truth Gilgo Beach Suspect’s House Becomes a Macabre Tourist Attraction Suspected Long Island serial killer's duck hunting could have been perfect cover for hiding bodies Gilgo Beach murders: South Carolina neighbors say secrecy surrounds suspect Rex Heuermann, 'odd' brother
(DBN)

Case against Trump may be broader than expected Target letter to Trump about Jan. 6 probe cites three statutes that he could be charged with. What we know Target Letter Cites Civil Rights Law Used in Voting Fraud Cases Trump Threatens Jack Smith If Sends Him To Jail Donald Trump faces midnight deadline to decide whether to face grand jury Critics Pile On As Marjorie Taylor Greene Hurls Profane Insult At Trump Prosecutor Ex-U.S. attorney: Evidence in Jan. 6 indictment “will be much stronger” than Trump defenders think Trump grand jury hears testimony from aide who was with him on Jan. 6
(DBN)

Judge signals December may be too soon for Trump’s classified documents case but doesn’t set a date
(DBN)

Biglaw Partner Gets Brutally Honest About Donald Trump's Latest Legal Woes
(DBN)

Judge rejects Trump claim that jury cleared him of rape: “Jury found Trump in fact did exactly that”
(DBN)

Federal Judge Bounces Bragg Prosecution Back To NY Court, Torches Trump Claim That Cohen Was Doing 'Real' Work In Payoff Case
(DBN)

Please, Donald Trump, Keep Taking Legal Advice From Tom Fitton!
(DBN)

Trump’s Sideshow Characters Keep Racking up Huge Legal Bills
(DBN)

A woman facing felony charges for her role in Michigan's 'fake elector' scheme bragged in May about not being in jail
(DBN)

Judge blasts request from 'QAnon Shaman' to vacate his Jan. 6 prison sentence Jan. 6 rioter Richard 'Bigo' Barnett wants ankle monitor removed before going to prison Trump State Department appointee found guilty of seven felonies in Jan. 6 case
(DBN)

Trump to face a 'sprawling racketeering indictment' in Georgia: report
(DBN)

Inside Kevin McCarthy’s secret promise to expunge Trump’s record US House Speaker McCarthy denies deal with Trump to expunge impeachments McCarthy defends Trump: ‘I don’t see how he could be found criminally responsible’
(DBN)

Five takeaways from Hunter Biden IRS whistleblower hearing GOP's whistleblower fireworks FBI Document at Heart of Biden Bribery Claims Released by GOP Lawmakers FBI Furious at Grassley Over Biden Doc Leak 'Bombshell' new file apparently shows Burisma owner claiming he was 'coerced' to pay off the Bidens: report
(DBN)

A New Constitutional Crisis on the Horizon
(DBN)

US Virgin Islands Fails to Block JPMorgan’s ‘Unclean Hands’ Epstein Defense
(DBN)

NYPD under fire: lawyers in historic BLM brutality lawsuit release chilling new videos of protester beatdowns
(DBN)

Distressed woman vomits on stand during emotional abortion testimony Nebraska Teen Jailed Over Illegal Abortion
(DBN)

Connecticut police issued 26,000 fake traffic tickets that made them appear busier and skewed racial-profiling data, audit says
(DBN)

Man accused of trying to kill 'wrong guy' because he is 'just done with people': Police
(DBN)

Teen allegedly shot and killed another teen he had been feuding with for months
(DBN)

Men posing as cops bound and killed teen girl during broad daylight home invasion: Police
(DBN)

Mother allegedly asked 'Rent-a-Hitman' parody website to kill her 3-year-old son
(DBN)

Florida babysitter arrested after infant is found dead in 133-degree car
(DBN)

NYC mayor warns away migrants with ‘No Vacancy’ fliers
(DBN)

Homicides dropping in major cities, still above pre pandemic levels: research
(DBN)

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Judges:

BK NV: The Bankruptcy Bugle Newsletter (July 2023)
(DBN)

"Very odd": Legal experts criticize Judge Cannon's order for "legitimizing" Trump's delay tactics Expert: Hearing shows Judge Cannon “learned from her prior blunder” — which could be bad for Trump
(DBN)

Trump-appointed judge orders marshals to 'fetch' Jack Smith's staff after lawyer was late to court
(DBN)

Dems start Round One in Supreme Court ethics ‘boxing match’ Supreme Court Has Worked on Code of Conduct but Gotten Nowhere Senate Advances SCOTUS Ethics Bill
(DBN)

Supreme Court Term Limits Still The Only Reform That Matters
(DBN)

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Wall Street:

Stock futures are higher after Dow registers longest winning streak since 2017
(DBN)

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Layoffs:

Polywood Furniture lays off part of workforce in Syracuse
(DBN)

Google Tests A.I. Tool That Is Able to Write News Articles
(DBN)

Viaplay To Lay Off More Than 25% Of Staff
(DBN)

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Education:

Higher ed is consolidating, transforming the sector
(DBN)

New Florida standards teach that Black people benefited from slavery because it taught useful skills Florida Schools Will Teach How Slavery Brought 'Personal Benefit' to Blacks Kamala Harris to travel to Florida and speak out against state's new Black history standards Florida’s new Black history standards require students to learn ‘how slaves developed skills’ Florida Board of Education approves controversial standards for teaching Black history
(DBN)

How the Supreme Court’s affirmative action ruling is affecting legacy admissions
(DBN)

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Healthcare:

APP Is Latest Physician Staffing Firm to Fold
(DBN)

Insurance company ‘orchestrated the bankruptcy’ of a Coralville clinic to get tort reform passed in Iowa, court file claims
(DBN)

Many hospitals posted record margins during pandemic, study finds
(DBN)

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Personal Finance:

68-year-old who ‘un-retired’ shares the 4 biggest retirement myths ‘more people need to talk about’
(DBN)

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Fraud:

Victims want Morgan Stanley to answer for ex-financial advisor’s Ponzi scheme
(DBN)

Twice-convicted fraudster who got early release from Trump has done it again: Feds
(DBN)

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Cannabis:

An alternative to bankruptcy for distressed cannabis businesses
(DBN)

Cannabis Receiverships Are Coming to California
(DBN)

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Cannabis:

Gwyneth Paltrow is selling pot in California and it's going very, very well
(DBN)

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Celebs:

Danny Trejo Saves $1 Million Mansion From Being Seized in Bankruptcy Battle
(DBN)

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Tourism:

Amsterdam Bans Cruise Ships to Limit Tourists
(DBN)

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Economy:

Weekly Initial Unemployment Claims Decrease to 228,000
(DBN)

US Recession Becomes Closer Call as Economists Rethink Forecasts
(DBN)

Rising prices, mortgage rates push monthly payments to all-time high: report
(DBN)

A cautious cheer for ‘Bidenomics’? Let’s look.
(DBN)

Gender pay gap now the narrowest on record
(DBN)

Summers Says Tougher US M&A Rules Seem Like ‘War on Business’
(DBN)

Want to Hurt Recruiting? Mandate 5 Days a Week in the Office
(DBN)

Biden’s economic approval rating rises slightly, but is still just 37% despite ‘Bidenomics’ push
(DBN)

Axios-Ipsos poll: Retirement out of reach
(DBN)

Bernanke Says Next Fed Interest Rate Hike May Be Its Last
(DBN)

'Something very strange' explains why a US recession has been delayed
(DBN)

Silicon Valley has been subsidizing millennials' lifestyles for most of our adult lives. We'll still end up poorer.
(DBN)

Elon Musk says he doesn't 'know what the hell is going on' with the economy
(DBN)

A top economist says the stock-market mania reminds him of the dot-com and housing bubbles – and warns consumers are feeling the squeeze
(DBN)

Millennials are hoarding more gold than boomers and Gen X-ers as recession risks loom, State Street says
(DBN)

Marriage outdated? 2 in 5 young adults think the tradition no longer matters
(DBN)

The No. 1 red flag a company is offering ‘fake flexibility,’ says CEO
(DBN)

Black Employment in Miami Has Been Going Strong. Workers Are Still Struggling
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Existing-Home Sales Decreased to 4.16 million SAAR in June; Median Prices Declined 0.9% YoY in June June home sales decline as short supply chokes the market
(DBN)

Realtor.com Reports Weekly Active Inventory Down 6% YoY; New Listings Down 19% YoY
(DBN)

There's more pain coming for residential and commercial real estate as tight credit and job worries threaten property markets
(DBN)

When Will Commercial Real Estate Hit Bottom?
(DBN)

Homebuilders Rally Stalls After D.R. Horton Disappoints Bulls
(DBN)

Opportunities Open Up for Investors Looking for CRE Distress
(DBN)

With bankruptcies increasing, lawmakers look to regulate CCRC refund process
(DBN)

Repeat squatter with 'witch's cauldron' cites religion in property standoff, attacks cop
(DBN)

People are calling out house flippers who took a $260,000 New York home and are now selling it for $1.2 million: 'HGTV absolutely ruined people's brains'
(DBN)

With premiums raising an average of 42% in Florida, homeowners finding insurance at pricey proposition Florida CFO to Probe Insurance Companies for Being Woke
(DBN)

Former Bowery Savings Bank to Sell for $26M After Bankruptcy
(DBN)

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Oil/Gas:

New rules for oil and gas leasing raise rates energy companies pay to drill on public lands
(DBN)

California has more than 35,000 idle oil wells. Taxpayers should not have to pay for the cleanup
(DBN)

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Labor:

UPS Strike Would Deal Blow to US Inflation Fight, Supply Chain
(DBN)

America Is barreling toward a summer of strikes
(DBN)

Broadway shows could be shut down by a strike as soon as Friday Broadway Will NOT Strike As Union Gets An Agreement And Averts Stage Hands Walkout
(DBN)

UK Performing-Arts Union Plans Rallies to Support Strikes in Hollywood
(DBN)

Netflix’s Ted Sarandos Says He Knows Pain A Strike Can Bring; “Super Committed” To A Deal With WGA & SAG-AFTRA, Co-CEO Claims Netflix’s Ted Sarandos to Earn $40 Million in 2022
(DBN)

How Biden plans to handle a series of possible labor strikes across the country
(DBN)

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Politics:

Alabama GOP refuses to draw second Black district, despite Supreme Court order
(DBN)

Marjorie Taylor Greene’s explicit visuals at Hunter Biden hearing draw rebuke
(DBN)

The grim history of the courthouse in Jason Aldean’s new music video Right-Wing Media Flocks to Jason Aldean’s Defense After ‘Pro-Lynching’ Video Pulled Trump defends Jason Aldean amid song controversy
(DBN)

GOP doubles down on impeachment push even as border numbers plummet
(DBN)

If Trump Wins a Second Term, He’ll Target His Enemies, Migrants and China
(DBN)

DeSantis' endless summer of litigation DeSantis walks tightrope as Trump, Jan. 6 legal woes loom over 2024 primary DeSantis pushes Trump to debate: ‘Nobody’s entitled to be nominated’ The Humiliation of Ron DeSantis Ron DeSantis is really bad at running for president
(DBN)

Political consultant backing Tim Scott spewed the N-word during card game
(DBN)

DeSantis backs Tuberville on military holds, denounces Pentagon abortion policy
(DBN)

Senate takes up controversial defense bill after House brawl
(DBN)

'It makes them all look silly': Dems prepare to scorch RFK Jr. testimony Democrats tear into RFK Jr. during weaponization hearing Fox News analyst: GOP may have ‘outsmarted themselves’ on support for RFK Jr.
(DBN)

GOP senators say Manchin bid would boost Trump, hurt Biden
(DBN)

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Autos:

Tesla shares down on slimming margins, Cybertruck concerns
(DBN)

Carvana's Debt Restructuring Doesn't Really Solve Anything
(DBN)

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Pensions:

DOL Rule on Abandoned Retirement Plans Arrives at OMB
(DBN)

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Awards:

Corporate Counsel Announces Finalists for the 2023 Best Legal Department Awards
(DBN)

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Banking:

JD Vance introduces bill that would provide unlimited deposit insurance at smaller banks
(DBN)

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Crypto:

Stablecoins in Bankruptcy
(DBN)

Celsius Lawyer Fixed Mashinsky’s Problems Until Both Got Charged
(DBN)

Terraform Labs seeks access to FTX wallets in fraud defense
(DBN)

FTX Leadership Seeks Return of Over $1B in Cash, Stocks From Former Executives
(DBN)

FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10 million in misappropriated funds
(DBN)

Bankman-Fried Leaked Ex’s Writings to Discredit Her, US Alleges
(DBN)

Latest Wild FTX Allegations Include Plan to Buy Island of Nauru to Survive Cataclysm
(DBN)

Prosecutors accuse FTX's Sam Bankman-Fried of witness tampering
(DBN)

Disgruntled investor charged with kidnapping 24-year-old ‘Crypto King’
(DBN)

FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears
(DBN)

Alameda Executives Saw $10 Billion Cash Gap Months Before Collapse
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Filing:

Attorneys Beware: The Risks of Failing to Comply with the “Wet Signature” Requirement for Declarations in Some Jurisdictions – Cabardo v. Patacsil (Bankr. E.D. Cal. 2023) – a Case Study
(DBN)

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Mass Torts:

DOJ to Appeal Purdue Opioid Settlement, Delaying Payout, Lawyer Says
(DBN)

20 State AGs Ask Fourth Circuit to Kill Jones Day's Texas Two-Step Tactic
(DBN)

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Subchapter V:

Trade-Off Theory: For Minimizing Debtor Benefits In Subchapter V
(DBN)

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SPACs:

Bankruptcy and Restructuring Considerations for Distressed De-SPACed Companies
(DBN)

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Aviation:

Troubled Western Global confirms loan purchase to stabilise operations
(DBN)

Azul’s $2.25 Billion Out-of-Court Restructuring
(DBN)

AirAsia Seeks to Exit Distressed Status as Finances Improve
(DBN)

American Airlines raises 2023 profit forecast after strong second quarter
(DBN)

US airlines see no letup in travel demand despite broader economic concerns
(DBN)

U.S. House passes aviation bill upping pilot retirement age to 67
(DBN)

Airline cargo revenue is cratering. Here’s why that’s actually good news
(DBN)

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Climate:

Climate Collapse Could Happen Fast
(DBN)

Kentucky declares state of emergency amid flooding
(DBN)

The 15 hottest days, in the world's hottest month
(DBN)

Extreme heat indices above 105°F to hit 80 million people in U.S.
(DBN)

Miami really is hotter this summer than last summer. And any other year on record
(DBN)

Blistering heat in Arizona and Las Vegas has sent people to the hospital with burns they got from touching pavement for only seconds
(DBN)

‘Nothing feels like enough’: surviving the heat in a New Mexico homeless encampment
(DBN)

How heat waves strain our mental health
(DBN)

Extreme Heat Sends Nauseated, Comatose Patients to Hospitals Around U.S.
(DBN)

Fire-Ravaged Greece Braces for Near Record Temperature Next Week
(DBN)

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Tech:

Google's New AI Tool May Put Newsrooms In a Bind
(DBN)

Elon Musk hopes to force Elizabeth Warren to disclose her contacts with the FTC and SEC, ratcheting up a fight over the Twitter CEO's alleged conflicts of interest
(DBN)

Twitter’s Surge in Harmful Content a Barrier to Advertiser Return
(DBN)

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Hotels:

 Occupancy Rate Up 0.1% Year-over-year
(DBN)

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Retailing:

San Francisco Safeway stores install security gates at self-checkout kiosks in a bid to thwart thieves as city crime rates soar forcing many retailers to shutter
(DBN)

Nearly 2,400 stores are closing across the US in 2023. Here's the full list.
(DBN)

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Trucking:

What to do when your carrier goes bankrupt
(DBN)

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Fraud:

Convicted Ponzi schemer freed by Trump charged with "brazen and sophisticated" $35 million fraud
(DBN)

Sophisticated Schemers Beware: Civil RICO Expands Creditors' Arsenal - Part II
(DBN)

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Sports:

Tennis player retires in tears after opponent erases disputed mark on court
(DBN)

Commanders’ Dan Snyder fined $60 million by NFL after investigation finds workplace misconduct
(DBN)

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Transit:

NYC subway using AI to track fare evasion
(DBN)

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Student Debt:

Biden’s new student loan relief plan — and its legal challenges — face a long road
(DBN)

Nearly 64,000 Texas borrowers will have their federal loans forgiven
(DBN)

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Sovereigns:

Zimbabwe Central Bank Owes Over $4 Billion for Food, Fuel Supply
(DBN)

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UK:

Have You Got Consent? Dealing with Administration Extensions
(DBN)

Report into Tuffnells’ collapse confirms HMRC and unsecured creditors will lose millions
(DBN)

What do you get if greed is rife, government stupid and planning abused? Canary Wharf and other such horrors
(DBN)

UK’s Hot June Delivers Unexpected Boost for Retail Sales
(DBN)

British Consumer Confidence Falls for First Time in Six Months
(DBN)

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Canada:

Fitch: Brookfield at ‘elevated risk’ of default on German multifamily loan
(DBN)

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MENA:

Protesters breach Swedish Embassy in Baghdad over planned burning of Quran A diplomatic fight breaks out between Iraq and Sweden after a man desecrates the Quran
(DBN)

The Political Rise of Ultra-Orthodox Jews Shakes Israel's Sense of Identity
(DBN)

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Russia:

A Russian soldier said his unit was sent into battle with no ammo and one grenade each — to kill themselves
(DBN)

Children are not the only ones being abducted by Russia
(DBN)

Weakened Putin bides his time to take revenge on mutinous mercenary leader, CIA chief says CIA Chief Says Weaknesses Lie Behind Russian Defenses in Ukraine
(DBN)

Russia Raises Rates for First Time Since Invasion Aftermath
(DBN)

Ukraine Grain Now Relies on a River That’s Drying in the Drought
(DBN)

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Belgium:

New Belgian restructuring plan for large enterprises
(DBN)

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China:

Taliban and China to Control Afghan's Mineral Riches
(DBN)

China-linked hackers accessed email of U.S. ambassador, officials say
(DBN)

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