July 27, 2023

The Daily Bankruptcy News

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Law:

West Coast Biglaw Firms Won't Be Mandating Office Attendance Any Time Soon
(DBN)

‘Virtually all’ incoming law students think they will be in the top half of their class, new study finds Majority Of Incoming Law Students Think They'll Be In The Top Half Of Their Classes
(DBN)

They’ve Got Next: The 40 Under 40 - Greg Pesce of White & Case
(DBN)

They’ve Got Next: The 40 Under 40 - Rachael Ringer of Kramer Levin Naftalis & Frankel
(DBN)

‘A Trending Color’: Pink is a brand for Barbie-loving lawyer
(DBN)

Troubles mount for law firm Stroock as 35 lawyers and staff join Steptoe
(DBN)

Lawyers Should Get Work Product Right The First Time
(DBN)

Womble Adds Bankruptcy Group's First NY Partners
(DBN)

Ernst & Young's US GC Steps Aside Amid Scrutiny of Firm's Handling of Cheating Scandal
(DBN)

Rich white-collar suspects are spending millions to turn their luxury homes into jails with 24/7 guards — and one has already escaped
(DBN)

Kevin Spacey found not guilty of sexual assault charges brought by four men in London
(DBN)

Giuliani Concedes He Made False Statements About Georgia Election Workers
(DBN)

‘Just say nothing’: Democrats advise Biden to keep mum on Trump’s legal woes
(DBN)

Fulton County Case Against Trump May Be Most Serious -- and Imminent
(DBN)

Hunter Biden pleads guilty to tax crimes, reviving plea deal after it collapsed in court Hunter Biden pleads not guilty after plea deal derailed Hunter Biden plea: President's son pleads 'not guilty' after judge blows up plea agreement 'Rip it up': Inside the dramatic unraveling of Hunter Biden's plea deal Hunter Biden guilty plea in jeopardy after disagreement over gun charge Hunter Biden plea: 'Sweetheart' deal collapses in court as judge throws 'curveball' Hunter Biden plea deal on tax charges appears in jeopardy Judge says Hunter Biden legal team apparently ‘misrepresented’ identity to court clerk GOP seeks to step in to Hunter Biden’s court case ahead of plea hearing Hunter Biden plea deal falls through, at least for now, after judge expresses concern over agreement Did Latham & Watkins Really Lie To The Court To Get Hunter Biden's Personal Information Redacted From A Court Filing? Top Republican: We don’t talk about Hunter Biden back at home
(DBN)

Biden administration will appeal decision blocking its tough asylum policy
(DBN)

DOJ files for preliminary injunction against Texas
(DBN)

FactCheck: “There have been more illegal encounters under Biden than the previous two administrations combined.”
(DBN)

AL: Headed Up Anti-Abortion Group. Arrested for Sex with Minor
(DBN)

Miami-Dade police chief offered resignation prior to suicide attempt on Florida highway
(DBN)

Homeowner jailed for spraying passing woman in face with water hose, Florida cops say
(DBN)

Michael Jackson sexual abuse lawsuits on verge of revival by appeals court
(DBN)

Booksellers sue to stop Texas law restricting ‘sexually explicit’ content
(DBN)

Man pleads guilty in fatal road rage shooting
(DBN)

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Judges:

Conservative activist dismisses Democrats’ request for information on Alito fishing trip
(DBN)

The Supreme Court codified discrimination against me, and possibly you
(DBN)

Will Alabama be allowed to defy the Supreme Court? How Alabama could get away with defying the Supreme Court
(DBN)

Harvard Law Professor Tells Joe Biden To Ignore Rogue Supreme Court
(DBN)

How will the Supreme Court’s recent decisions affect young voters?
(DBN)

Woman in anti-LGBTQ+ supreme court case did make wedding site after all, report says
(DBN)

Homophobic Business Owners Are Having a Field Day Since Last Month’s Supreme Court Decision
(DBN)

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Wall Street:

Stock futures rise, Meta pops after strong earnings
(DBN)

The Dow has been this unstoppable only 5 times since 1897
(DBN)

Traders are betting against American Airlines and Ralph Lauren with a recession still on the table
(DBN)

It hasn't been this cheap since 2008 to protect against a stock market sell-off, Bank of America says
(DBN)

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Layoffs:

ChatGPT creator Sam Altman says jobs will go away because of AI, it will not just be a supplement for humans
(DBN)

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Healthcare:

Autism treatment center gets US bankruptcy court approval for $48.5 mln sale
(DBN)

Hospitals are in the hotseat for their billing practices
(DBN)

Hospitals’ Price Transparency Compliance Is Improving Despite Remaining Low At 36%
(DBN)

1 in 6 have not completed childhood vaccine series
(DBN)

Trial Set to Open Against Anesthesiologist Involved in Viral "Dancing Doctor" Video
(DBN)

Ammon Bundy ordered to pay $26 million to Idaho hospital, its CEO and 2 staff members
(DBN)

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Agribusiness:

AgTech is H.O.T.
(DBN)

Agri-business AppHarvest files for Chapter 11
(DBN)

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Politics:

McConnell freezes at briefing, concerning colleagues McConnell Also Fell Recently at DC Airport McConnell episode alarms Senate GOP McConnell has fallen multiple times this year, sources say
(DBN)

The Mysterious Dark Money Group Connecting Trump, Christie, and DeSantis
(DBN)

DeSantis-appointed board eyes millions of dollars in cuts to Disney’s district
(DBN)

The MBNA tales: When Joe and Hunter Biden were super cozy with a Delaware bank
(DBN)

Trump rips ‘weak, ineffective’ Cornyn, Romney
(DBN)

Dingell: Donald Trump is 'not going to fight for an auto worker'
(DBN)

Tuberville signals he won’t release holds on military promotions before August recess
(DBN)

The Vice Presidency Is Hard. Kamala Harris Has It Harder Than Most.
(DBN)

House GOP lines up behind McCarthy on the Biden impeachment seesaw
(DBN)

The Very Private Life of Melania Trump
(DBN)

Ex-Defenses Official: We Recovered Tech Not From This World
(DBN)

Why Dems are hesitating on Santos censure
(DBN)

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Bicycles:

VanMoof was the Tesla of the e-bike industry. Now it’s bankrupt
(DBN)

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Footwear:

Reebok-owner Authentic rescues Rockport out of bankruptcy
(DBN)

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Water:

Diesel Spill Ruins Water Supply in Tennessee City
(DBN)

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Economy:

Fed hikes interest rates to 22-year high FOMC Statement: Raise Rates 25 bp
(DBN)

Here are 3 ways the Fed messed up since 2021 and how it's impacting the economy, according to UBS
(DBN)

Higher interest rates aren't holding down American wealth
(DBN)

Americans got used to spending big during the pandemic. Now they're running out of money and racking up record credit card debt.
(DBN)

Credit Markets Are Creaking, Creating Economic Uncertainty
(DBN)

US Economy Set to Show Resilience as Fed Scraps Recession View
(DBN)

No matter where you look, consumer confidence is up
(DBN)

With consumer prices still overheated, the Federal Reserve is set to crank up interest rates again
(DBN)

Worst cardboard-box recession since 2008 could be a sign of broader economic weakness
(DBN)

Stocks will tumble, recession will strike, and dollar dominance is at risk, Thomas Peterffy warns
(DBN)

Gen Z hates boomers, everyone hates millennials, and no one cares about Gen X. But there's more to these generational feuds than you think.
(DBN)

After Supreme Court’s Affirmative Action Decision, Attorneys General Set Their Sights on Employment DEI Programs
(DBN)

School closures during Covid could wipe out half a trillion dollars from Asian economies
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

New Home Sales decrease to 697,000 Annual Rate in June; Median New Home Price is Down 16.4% from the Peak New Home Sales decrease to 697,000 Annual Rate in June
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

The housing market has grown less affordable over the last 4 months, even as prices just saw their biggest annual decline in a decade
(DBN)

Jonah Bamberger’s Aulder Capital buys multifamilies - Lender wins bankruptcy auction it forced on Upper East Side buildings
(DBN)

New housing projects slow down across the country. Here's why
(DBN)

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Municipalities:

Chicago's Downtown Buildings are Sinking
(DBN)


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Oil/Gas:

Car companies like Honda, BMW, and Hyundai are banding together to build an EV-charging network bigger than Tesla’s Supercharger empire
(DBN)

Oil giant Shell posts sharp drop in profit on weaker commodity prices
(DBN)

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Hotels:

Bipartisan Senate bill aims to crack down on hotel 'resort fees'
(DBN)

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Labor:

UPS deal raises the bar for worker demands
(DBN)

Governor offers to help negotiate Hollywood strike
(DBN)

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Education:

Florida GOP Rep. Donalds pushes back on new state slavery learning standard
(DBN)

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Religion:

Vatican abuse investigators begin audit of secretive Catholic society
(DBN)

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Student Debt:

Restart of student loans clouds White House ‘Bidenomics’ push
(DBN)

Student-loan borrowers should be able to achieve 'financial freedom' through bankruptcy, Elizabeth Warren says — especially with 'the looming threat of restarting' repayment
(DBN)

Former CollegeAmerica student feels relief amid government's promise to pay debt
(DBN)

____________

Music:

Utopia declares second R&D business bankrupt
(DBN)

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Banking:

SVB Financial Seeks Up to $12.6 Million in Executive Bonuses
(DBN)

Kevin O’Leary predicts Fed hikes will lead to more U.S. regional bank failures
(DBN)

Bond king Bill Gross says he will sell most regional bank holdings
(DBN)

US regulators to unveil plan for banks to build cash reserves
(DBN)

BNP Is Latest Bank to Pay Fine in Sprawling US Messaging Probe
(DBN)

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Sports:

Diamond Sports suing Sinclair over ‘alleged misconduct’
(DBN)

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Trucking:

Trucker Yellow Prepares to File for Bankruptcy as Customers Flee Yellow Corp may file for bankruptcy this week as customers cut and run - report Yellow exec tells sales staff company will file bankruptcy Monday
(DBN)

Waymo puts the brakes on self-driving trucks program
(DBN)

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Crypto:

Sam Bankman-Fried should be jailed until trial, prosecutor says, citing bail violations The rise and fall of FTX's Sam Bankman-Fried, the onetime crypto billionaire prosecutors now want jailed after they say he interfered with witnesses in his criminal case
(DBN)

FTT Flies 45% On Rumors Of FTX Planned Relaunch
(DBN)

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Pensions:

Many Pennsylvania state retirees say they can’t afford inflation on their stagnant pensions
(DBN)

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History:

Oppenheimer's test site wasn't remote. It was populated by Hispanos and Native Americans
(DBN)

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Coal:

Global Coal Use Set to Stay at Record Levels This Year, IEA Says
(DBN)

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Food/Beverage:

Concerns mount over potential for food crisis amid Russian moves to cripple Ukrainian grain exports
(DBN)

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Utilities:

Largest US Power Grid Declares Emergency Conditions For July 27
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Drugmaker Mallinckrodt in talks with hedge funds to avoid opioid settlements Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims Mallinckrodt's Potential Bankruptcy: Hedge Funds' New Path to Dodge Opioid Settlement Debt?
(DBN)

Bankrupt Endo says US government objections imperil $600 million in opioid settlements
(DBN)

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Avoidance Actions:

Avoid the Surprise: Assessing and Addressing Preference Risk
(DBN)

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Aviation:

Go First gets a leg up as bankruptcy court rejects lessors' plea on aircraft use
(DBN)

UK Regulator Takes Action Against Wizz Air Over Customer Refunds
(DBN)

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Personal Finance:

8 jobs that pay more than you think, including the Trader Joe's role that pays over $100,000 a year
(DBN)

I was overworked, underpaid, and miserable at my last job, so I 'quiet quit' my new job. I refuse to be taken advantage of again.
(DBN)

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Media:

Fox Staff Revolted By Gutfeld Holocaust Remark
(DBN)

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Retailing:

What’s Next for Post-Bankruptcy David’s Bridal
(DBN)

Steinhoff’s End Comes as Advisers Collect $495 Million in Fees
(DBN)

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Fraud:

One family pocketed $7.6 million by taking cans and bottles from Arizona and recycling them in California. That's fraud, prosecutors say.
(DBN)

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Tech:

Elon Musk's former Twitter lieutenant says he needs to 'hear hard truths' and not fire everyone who goes against him
(DBN)

How Mark Zuckerberg became a Republican punching bag
(DBN)

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Climate:

More than 40 million people in the U.S. live in urban heat islands, climate group finds
(DBN)

100 million people now under heat alerts as high temperatures expand into Midwest and Northeast
(DBN)

Is this summer’s extreme heat the new normal?
(DBN)

Biden to Unveil Steps to Protect Americans From Extreme Heat
(DBN)

Scientists Clash Over Atlantic Current Danger
(DBN)

Dangerously Close to Climate Tipping Points
(DBN)

Scorching temperatures are making delivery a dangerous job — and it's only getting worse
(DBN)

What “record-breaking heat” actually means
(DBN)

Wildfires erupt in Gran Canaria
(DBN)

Greece’s Wildfires Burn Through the Country’s Natural CO2 Stores
(DBN)

Scorching temperatures bring misery to daily life in Spain
(DBN)

Biden's climate deal still has an enormous hole
(DBN)

____________

Sovereigns:

Greece eyes return to investment grade following 13 years of turbulence
(DBN)

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UK:

How to spot a construction firm on the cusp of insolvency
(DBN)

We need to get honest about the insolvencies trend
(DBN)

Judge allows Prince Harry's snooping lawsuit against publisher of The Sun tabloid to go to trial
(DBN)

Moody’s to Consider Exiting London’s Canary Wharf in Latest Threat to District
(DBN)

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Russia:

Russia launches deadly attack on port of Odesa
(DBN)

How Russia Could Benefit from Ukraine’s NATO Membership
(DBN)

Russia abruptly fired a front-line general, and now Ukraine is seizing the moment to punch through the defenses he had overseen
(DBN)

Russia's economy is being propped up by Wagner Group's gold-smuggling operations, UK government report says
(DBN)

Wagner mercenary group poses serious security threat to the West, U.K. lawmakers warn
(DBN)

Ukraine Begins Major Push in the South in Its Counteroffensive
(DBN)

____________

MENA:

What Israel’s judicial overhaul means for Palestinians Israel's top court will hear challenges to a law that weakens its power, escalating political crisis Israel’s top court will hear challenges to a law that weakens its power, escalating political crisis
(DBN)

Wave of insolvency could severely impact the Israeli economy in 2024
(DBN)

____________

Japan:

Japan’s population drops by nearly 800,000 with falls in every prefecture for the first time
(DBN)

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Australia:

Kleos Space announces its bankruptcy Geospatial intelligence startup Kleos Space files for bankruptcy
(DBN)

Partner Remuneration to Decline in Some Australian Firms, Report States
(DBN)

____________

France:

France's Casino Swings to First-Half Loss as Debt Deal Awaited Casino Aims to Reach Restructuring Deal With Creditors Today
(DBN)

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Niger:

Niger Military Overthrows Government
(DBN)

____________

China:

Here's why China's economy is headed for stagnation, according to Nobel economist Paul Krugman
(DBN)

China's real youth unemployment rate could actually be close to 50% - more than double the official rate
(DBN)

China’s Debt Ratio Hits Record, Masking Slowdown in Borrowing
(DBN)

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India:

India's Insolvency and Bankruptcy Code is not working; here's what's going on
(DBN)

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