June 13, 2023

The Daily Bankruptcy News

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Law:

Should Cooley Associates Take The $100K Deferral Money And Run?
(DBN)

Biglaw Deferrals May Just Be Getting Started
(DBN)

Famed ex-lawyer Tom Girardi is competent to stand trial, expert says
(DBN)

The Lawyers At This Biglaw Firm Are Worth *A LOT* Of Money
(DBN)

Allen Matkins Welcomes Bankruptcy and Creditors’ Rights Partner Matthew G. Bouslog to its Orange County Office
(DBN)

The ChatGPT Lawyer Explains Himself In Court
(DBN)

Issues beyond ChatGPT use were at play in fake cases scandal
(DBN)

Radio host faces hurdles in ChapGPT defamation suit
(DBN)

Lawyer once named most eligible bachelor acquitted on rape charges
(DBN)

Attorney-Client Privilege Isn't The Only Relationship YSL Defendants Are Having With The Law
(DBN)

Mississippi civil rights lawyer arrested filming traffic stop, attorney says
(DBN)

Don’t let outside counsel fee discussions veer into unauthorized practice of law, ABA says
(DBN)

Woman who rose to infamy after threatening Black bird-watcher loses lawsuit over firing
(DBN)

Trump traveling to Florida as history-making court appearance approaches in classified docs case Trump scrambles to find lawyer on eve of first federal court appearance Trump On The Hunt For A Florida Attorney Willing To Light Their Career On Fire In Miami Tomorrow Trump's attorney-client curse Trump’s strategy to defuse court's “rocket docket” Donald Trump Suggests Pleading Guilty If DOJ Will 'Pay Me Some Damages,' Apparently Teeing Up Insanity Defense What to know ahead of Trump's arraignment in Miami Inside the Implosion of Trump’s Mar-a-Lago Legal Team Journalists barred from using cameras, cellphones in courthouse during Trump arraignment Trump’s Miami court date brings fears of violence, rally plans How Rule 29 motion could save Trump in classified documents case; what are other possibilities? Trump Advisers Quietly Worry Courthouse Protest Could Be a ‘Disaster’ Miami officials stress 'law and order' in preparation for Trump's indictment hearing Trump’s political fortunes haven’t changed, but his legal situation is getting dark Miami authorities warn of possible ‘disruption’ ahead of Trump’s arraignment Intense security planning underway ahead of Trump's arraignment Senate GOP leaders break with House on Trump indictment Fox News’s Turley: Trump could face ‘terminal sentence’ if DOJ proves even one count Trump indictment is only 'a fraction of the evidence the government has amassed': Maggie Haberman John Bolton: Trump indictment ‘devastating’ Former DHS official: Trump indictment paints ‘vivid picture’ of what national security community dealt with for four years Trump arraignment may be delayed because he doesn't have a Florida lawyer Trump may turn to lawyer who 'has previously been indicted': report 'Running out of options': George Conway says Trump is struggling to find lawyers Alyssa Farah Griffin: Trump indictment worse than what ‘greatest detractors could have dreamt up’ Trump Is Going To Jail Trump-Milley feud played key role in classified documents case
(DBN)

Notes from Trump’s lawyer cited as evidence of obstruction in classified documents case
(DBN)

Jeff Clark Said The DC Bar Couldn't Discipline Him. The Court Disagreed.
(DBN)

Georgia is likely next ground zero for Trump’s battle with law enforcement
(DBN)

Two more Marines with intelligence jobs plead guilty in Jan. 6 riot DOJ Wants 14 Years for Jan. 6 Rioter
(DBN)

Do People Subject to Domestic Abuse Orders Have the Right to Be Armed?
(DBN)

JPMorgan has settled a class-action lawsuit with one of Jeffrey Epstein's victims JPMorgan prepared to pay $290 million in settlement with Jeffrey Epstein victims JPMorgan’s Ultimate Survivor Caught in Crossfire of Jeffrey Epstein Feud
(DBN)

The little-noticed court decision that changed homelessness in America
(DBN)

Supreme Court won’t review North Carolina’s decision to nix license plates with Confederate flag
(DBN)

Police Raided Afroman Searching for a ‘Dungeon.’ His Record Label Says He Doesn’t Even Have a Basement
(DBN)

Officials denounce KKK flyers left in Kentucky neighborhoods. Police investigate
(DBN)

9 injured in Denver shooting near NBA Finals celebrations, police say A suspect was taken into custody, the Denver Police Department said. 2 hours ago
(DBN)

Footage shows Colorado cop punch handcuffed woman in face for allegedly spitting at him
(DBN)

Disney World cast member fired for alleged 'upskirt' videos arrested again for same crime
(DBN)

First woman to lead NYPD resigns after 18 months in the job NYPD flew NYC's top cop suddenly quits, blindsiding City Hall after reports of rift with Adams: sources
(DBN)

Lady Gaga wants dismissal of reward lawsuit by woman convicted of helping steal her dogs
(DBN)

U.S. Spy Agencies Buy Vast Quantities of Americans' Personal Data - WSJ The US Is Openly Stockpiling Dirt on All Its Citizens
(DBN)

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Judges:

If the Supreme Court Won’t Fix Its Ethics Mess, Congress Should
(DBN)

Roberts is a weather vane, not an institutionalist
(DBN)

Aileen Cannon’s Previous Rulings About Trump Demand Her Recusal Will the Judge in Trump’s Case Recuse Herself—or Be Forced To? Lawyers ran out of adjectives to describe Judge Cannon’s baffling and disturbing decisions last year. Now, she’s back Magistrate to preside over Trump’s arraignment, not controversial Judge Aileen Cannon Aileen Cannon one of youngest, least experienced on bench
(DBN)

DeSantis pledges to ‘do better’ than Trump on picking Supreme Court justices
(DBN)

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Wall Street:

 

Prepare for a slump in US stocks as the Fed continues its battle against sticky inflation, Wells Fargo's top strategist says
(DBN)

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Layoffs:

Food-Delivery Service Grubhub to Lay Off About 15% of Workforce to Reduce Costs
(DBN)

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Student Debt:

Biden admin will resume interest on federal student loans Sept. 1; monthly payments due in October
(DBN)

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Retailing:

San Francisco's downtown just entered a new phase of its crisis as the city's most prominent shopping mall goes bust
(DBN)

Target stores see more bomb threats over Pride merchandise
(DBN)

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Fraud:

$400B in pandemic aid possibly stolen, improperly distributed: AP investigation
(DBN)

Check Fraud is Escalating Dramatically
(DBN)

Elizabeth Holmes says she can't pay $250 a month in restitution after she's released from prison: report
(DBN)

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Banking:

UBS CEO Ermotti Says About 10% of Credit Suisse Staff Have Left
(DBN)

UBS Culls Credit Suisse’s Top Leaders After Historic Deal Closes
(DBN)

Construction loans, delinquencies at US banks grew in Q1 2023
(DBN)

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Newspapers:

The Tragic Decline of ‘Free’ News
(DBN)

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Crypto:

Sam Bankman-Fried's Bahamas Litigation May Take ‘Months or Years,’ His Counsel Says
(DBN)

Andreessen Horowitz to open first office outside the U.S. in London in bet UK will become crypto hub
(DBN)

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Utilities:

PacifiCorp could be on the hook for billions after jury verdict in devastating Oregon wildfires Berkshire Unit Liable for Millions in Damages Over Oregon Fires
(DBN)

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Economy:

Inflation outlook hits two-year low in latest New York Fed survey
(DBN)

US Food Prices Are Still Up 8.2% Online Even as Inflation Cools
(DBN)

How Biden’s big investments spurred a factory boom
(DBN)

Companies get aggressive on return-to-office
(DBN)

Goldman CEO Says Rates Could Head Higher on Stickier Inflation Goldman: Pain Coming for the US Economy
(DBN)

The Fed will be making a big mistake if it skips a rate hike this week, top economist Mohamed El-Erian warns
(DBN)

Fed Rate Pause Set to Get Support From Moderating Inflation Data
(DBN)

Why Year-over-year Headline Inflation will Decline Sharply in May and June
(DBN)

Tech companies are getting tougher on remote workers as their office mandates show
(DBN)

Hedge Fund Bond Bears Are Relentlessly Shorting Treasuries
(DBN)

Yellen Headed to Paris Summit in Push for Global Debt, Climate Reforms
(DBN)

The Minimum Wage for Delivery Drivers in NYC Is Now $17.96 an Hour
(DBN)

I-95 Collapse in Philadelphia to Upend Travel, Shipping for Months
(DBN)

Slumping Cardboard-Box Sales Signal US Consumer Spending Slowdown
(DBN)

Where is poverty?
(DBN)

More than half of states will recognize Juneteenth as an official public holiday in 2023
(DBN)

The planet has 8 measures of stability—and we’re pushing past most of them
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing June 12th Weekly Update: Inventory Increased 1.5% Week-over-week
(DBN)

Housing has become so unaffordable that over 75% of homes on the market are too expensive for middle-income buyers
(DBN)

Homebuilders Poised to Rally Further With Fed Pausing, Demand Rising, Citi Says
(DBN)

New York Office Occupancy Breaks 50% for First Time Since Pandemic Hit
(DBN)

2nd Look at Local Housing Markets in May
(DBN)

Single women own more homes than single men in the U.S., but that edge is narrowing
(DBN)

Friendship Village retirement community in Schaumburg files for bankruptcy protection
(DBN)

Joshua Bruno buys Washington Place Apartments in his own bankruptcy sale
(DBN)

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Municipalities:

Minneapolis school district on the brink of insolvency
(DBN)

Hotel Owners Start to Write Off San Francisco as Business Nosedives - WSJ San Francisco's Decline is a Warning to Other American Cities
(DBN)

San Francisco's dying downtown is hit by another huge blow as Westfield stops making mortgage payments on its massive mall, after blaming crime for tanking takings and closure of flagship Nordstrom store
(DBN)

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Oil/Gas:

Toyota shares surge 5% after announcing plans for next-gen battery EVs
(DBN)

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Food/Beverage:

SoftBank-backed pizza startup shuts down after raising $445 million
(DBN)

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Climate:

Net zero targets proliferate as credibility lags: data
(DBN)

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Sports:

Diamond Appears Ready to Cut More MLB Clubs Loose from Bally Sports as Hard Deadline to Pay the Texas Rangers Approaches
(DBN)

Senate panel wants details on PGA’s ‘drastic reversal’ on LIV Golf Lawmakers fume over PGA Tour-LIV merger
(DBN)

Opposition to transgender athletes on teams matching gender identity rises: Gallup
(DBN)

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Agribusiness:

Ag loans down, delinquencies up as economic woes dampen farmer sentiments in Q1
(DBN)

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Water:

Water scarcity is emerging as a global economic threat. With China, India looking the most at risk
(DBN)

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Politics:

Republicans try to re-insert Hillary Clinton into 2024 discourse
(DBN)

Trump proclaims his "final battle" after federal indictment McConnell, GOP allies steer clear of defending Trump on indictment Eric Holder: Trump conviction could lead to impeachment, removal from office Gallego calls Kari Lake’s remarks on Trump indictment ‘dangerous’ Trump tops DeSantis by 38 points in new poll after news of indictment Trump indictment fuels GOP anger over DOJ ‘weaponization’ 'I want blood': Rabid Trump supporters' fury is building as arraignment nears Trump vows to appoint special prosecutor to ‘go after’ Biden if former president wins in 2024 Trump indictment's missing link: why did he do it? Severity of Trump indictment handcuffs Republican defenses Indictment does nothing to dampen GOP support for Trump Trump blames Biden poll numbers for DOJ indictment
(DBN)

Candidate weighs in on Trump, won't say his name
(DBN)

Trump’s 2024 Rivals Woo Billionaires to Counter His Loyal Donors
(DBN)

Christie Says Trump 'Hasn't Won a Damn Thing Since 2016'
(DBN)

US decides to rejoin UNESCO and pay back dues, to counter Chinese influence
(DBN)

Karine Jean Pierre Violated Hatch Act
(DBN)

Right-Wing Culture Warriors Are Oblivious to the Coming Backlash
(DBN)

Facing threats to his speakership, McCarthy is taking a 'YOLO' approach McCarthy, Scalise tensions bubble into public over GOP rebellion Conservative revolt in House alarms Senate GOP House returns amid stalemate as Trump indictment reverberates on Capitol Hill
(DBN)

Oversight Democrats call for investigation after DHS IG admits to deleting texts
(DBN)

White House threatens to veto GOP resolution against its pistol brace ban
(DBN)

Protesters with Nazi flags seen outside Disney World: ‘Absolutely disgusting’
(DBN)

GOP conservatives say they’ll end House floor blockade — for now
(DBN)

Garth Brooks facing boycotts after calling Bud Light critics ‘a–holes’; selling Bud Light in new bar
(DBN)

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Food/Beverage:

NYC’s oldest butcher shop teeters on bankruptcy, pleads for help
(DBN)

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Education:

'First of its kind' law bars library book bans
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (35 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

 

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Mass Torts:

Michigan reaches deal in Walgreens opioid lawsuit
(DBN)

Drug-maker Mallinckrodt may renege on $1.7 billion opioid settlement
(DBN)

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Intercreditor:

Texas Bankruptcy Court Approves Serta Simmons “Uptier” Transaction
(DBN)

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Franchises:

Minnesota Bankruptcy Court Enjoins Franchisee’s Breach of Post-Termination Noncompete
(DBN)

____________

Aviation:

United Air CEO Sees Pilot Deal Adding Over $8 Billion in Costs
(DBN)

As Summer Airline Travel Picks Up, So Does Unruly Behavior from Passengers
(DBN)

An Airline Is Getting Blasted Over New Flight Attendant Weight Limits
(DBN)

India's SpiceJet faces fresh insolvency petition from lessor
(DBN)

____________

Tech:

Twitter has stopped paying its Google Cloud bills, prompting concerns about what will happen to some of the services it hosts there, a report says
(DBN)

Meta whistleblower says 'tens of millions' could die in the coming years if social media isn't overhauled
(DBN)

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Healthcare:

Pandemic challenges send large nonprofit CCRC into bankruptcy
(DBN)

Skilled nursing faces special conditions, dangers in heightened bankruptcy climate
(DBN)

The billion-dollar rule that has hospitals on edge
(DBN)

What Pear Therapeutics’ Bankruptcy Has Left the DTX Industry to Ponder
(DBN)

Autism treatment center files for bankruptcy, plans sale to founder CARD Founder Pushes to Buy the Company Out of Bankruptcy
(DBN)

An Illinois hospital is the first health care facility to link its closing to a ransomware attack
(DBN)

Minnesota woman with unpaid bills will lose doctors after she gives birth
(DBN)

Hospital Labor Costs, Staff Shortages Ease But Are Still Elevated, Fitch Says
(DBN)

Millions of patients do not have full recovery of smell or taste senses after COVID infection, study finds
(DBN)

One million people lose Medicaid coverage since pandemic protections expire
(DBN)

Who you are, where you live help determine your chances of beating cancer
(DBN)

____________

Kitchenware:

Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy Instant Brands files for Chapter 11 bankruptcy protection In the bid to grow at all costs, Instant Pot is cooking itself
(DBN)

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Sovereigns:

IMF Wants Zimbabwe to Take Further Steps on Currency Reforms
(DBN)

Pakistan Central Bank Denies Debt Talks as Payments Will Be Made
(DBN)

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UK:

London Office Market Will Weaken Further, Goldman Analysts Warn
(DBN)

2,000 jobs lost as Tuffnells crashes into administration
(DBN)

UK’s Meatless Farm Makes Team Redundant As It Prepares For Bankruptcy
(DBN)

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EU:

Europe’s Commercial Property Slide Is Catching Up to UK Rout
(DBN)

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Canada:

Creditors' meeting set for Martel firm, debts in excess of $226M
(DBN)

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MENA:

Israel to announce plans for thousands of new settlement units in West Bank
(DBN)

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Russia:

Russia’s improved weaponry and tactics pose challenges to Ukraine’s counteroffensive
(DBN)

Russia's economy risks stalling as fighting extends beyond Ukraine and into border regions
(DBN)

Putin’s Economic Forum Puts Russia’s Isolation on Display
(DBN)

Ukraine says it has recaptured fourth village amid counteroffensive Ukraine appears to be playing a deadly 'game' as the big counteroffensive gets underway, and its main attack is likely still to come
(DBN)

Remains of dozens WW2 soldiers unearthed after Ukraine dam blast
(DBN)

Could the ruble end Putin's reign? Chart maps Russian currency's staggering collapse
(DBN)

War Spilling Into Russian Regions Adds to Risks Haunting Economy
(DBN)

Europe wants to use Russia’s assets to pay for Ukraine’s reconstruction — here’s how it might work
(DBN)

Western companies still operating in Russia were so profitable in 2022 that their corporate taxes contributed almost $4 billion to the country's revenues
(DBN)

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Germany:

No safe harbor: Claw back of shareholder dividends
(DBN)

Germany Warns of Industry Shutdown If Russian Gas Stops Flowing
(DBN)

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Monte Carlo:

From Bankruptcy To Blackjack: How Monte Carlo Became Europe’s Glitziest Destination
(DBN)

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China:

China cuts key policy rate as post-Covid recovery fizzles; yuan hits 6-month low
(DBN)

One of China’s Top Hedge Funds Unwinds Bet on Property Rebound
(DBN)

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Austria:

Austria Probing Sale by Benko’s Signa That Led to Insolvency
(DBN)

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Australia:

Australia’s Consumer Sentiment ‘Near Recession Lows’ After Hike
(DBN)

Criminal lawyer Zali Burrows loses her bankruptcy appeal
(DBN)

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India:

IBBI plans new voting system for bankruptcies
(DBN)

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