June 21, 2023

The Daily Bankruptcy News

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Law:

Perkins Coie Delays Starts for Some First-Year Associates
(DBN)

Former Quinn Emanuel partner becomes traffic court judge and ‘Zoom master’
(DBN)

Is The Cravath Salary Scale To Blame For Biglaw’s Layoffs?
(DBN)

‘My Mom, the Lawyer’ explores women’s work and personal lives through the eyes of their children
(DBN)

New law protecting pregnant workers set to take effect — and it's a big deal
(DBN)

The Biggest Biglaw Firms With The Most Women Lawyers (2023)
(DBN)

This Is Why You Need To Pay Your Lawyers
(DBN)

Law students older than 30 more likely to promote online law school courses, new report finds
(DBN)

Law School Braces For Vote That May Close Its Doors Forever
(DBN)

Fenwick law firm hires Gibson Dunn to defend work for bankrupt FTX exchange
(DBN)

From Biglaw To The Classroom: This Former Magic Circle Attorney Just Won Teacher Of The Year
(DBN)

Partners Usually Have Difficulty Keeping Secrets From Associates
(DBN)

What cybersecurity threats do generative AI chatbots like ChatGPT pose to lawyers?
(DBN)

'Do not go to law school': This fund manager warns that the legal field is in 'big trouble' — says folks are using ChatGPT for complex contracts. Time to get into trades?
(DBN)

Is Biglaw Asleep At The Cybersecurity Wheel?
(DBN)

Zachary McKay Joins Jackson Walker’s Bankruptcy, Restructuring, & Recovery Practice in Houston
(DBN)

Law student enters NBA Draft through loophole despite no hoops experience
(DBN)

Judge in Alex Murdaugh trial says he 'felt sorry' for convicted murderer
(DBN)

Trump’s Fox News interview was a defense attorney’s nightmare
(DBN)

John Durham testifies to House committee on FBI missteps in Trump-Russia probe
(DBN)

Inside the White House's — and Biden's own — relief over the Hunter plea deal The Burisma board, a laptop scandal and struggles with addiction: What to know about Hunter Biden’s legal troubles Garland distances himself from Hunter Biden plea deal Garland dismisses GOP criticism that Hunter Biden received ‘slap on the wrist’ Hunter Biden’s plea deal, explained Trump-appointed judge will oversee Hunter Biden case
(DBN)

Team Trump Suspects His Former Chief of Staff Is a ‘Rat’
(DBN)

"Trump could win from jail": Experts explore the limits of prosecuting a presidential candidate
(DBN)

Donald Trump's Ex-Lawyer On Documents Case Has Pithy Advice For Trump House Intel Chairman tells Trump to 'stop talking' after a Fox News appearance that may worsen Trump's legal struggles Republican Group Taunts Trump With His Own Damning Words In Fox News Ad Nicolle Wallace Sums Up Trump's Latest Excuse In 2 Scathing Words Joe Scarborough Blasts ‘Guilty’ Trump: Every Time He Goes on TV, He Gets ‘Closer to Prison’ Trump Starts Receiving Government Evidence in Documents Case
(DBN)

Ex-FBI analyst who kept classified info in bathroom like Trump going to prison
(DBN)

Eastman disbarment proceedings over 2020 election begin in California Trump Lawyer Eastman Lacked Basis for Elector Validity Claim
(DBN)

In ‘savvy move,’ Trump special counsel avoids charge that bans violators from office
(DBN)

John Durham Curbstomped By House Dems, But It's Okay Because Jesus And His Mom Say He's Cool
(DBN)

Could Trump pardon himself? DOJ considered self-pardons in Nixon era
(DBN)

Ken Paxton’s impeachment trial will begin Sept. 5, with his attendance required Texas Sen. Angela Paxton barred from voting in husband’s impeachment trial
(DBN)

Virgin Islands Gave Epstein Tax Break and Dropped Monitoring
(DBN)

Why are federal plea deals common? Because the odds of acquittal at trial are low
(DBN)

Jan. 6 rioter who electroshocked Officer sentenced to 12 years 'Trump won!': Jan. 6 rioter who tased police officer shouts defiantly at sentencing
(DBN)

Eastman plan to keep Trump in power faces a reckoning, as authorities seek his disbarment
(DBN)

The sleeper legal strategy that could topple abortion bans
(DBN)

Utah school district returns the Bible to shelves after appeals and outcry
(DBN)

The sex abuse convictions of a man at the center of a tribal sovereignty ruling have been reversed
(DBN)

Appeals court allows New Jersey's key gun restrictions to take effect amid litigation
(DBN)

Biden's plan to fix a broken border? Asylum seekers should remain in Canada
(DBN)

Idaho man accused of killing 4 'lost it' after neighbor allegedly exposed himself to family "Horrific" details emerge after Idaho dad accused of killing 4 neighbors, including 2 teens
(DBN)

Fight brewing over Bryan Kohberger DNA, genetic genealogy that ID'd him in Idaho Four case
(DBN)

The Fifth Circuit comes for the First Amendment right to protest
(DBN)

2-Year-Old Son Found Crying After Shooting And Killing Pregnant Mother, Unborn Baby
(DBN)

DNA from cheek swab directly links Bryan Kohberger to knife sheath left at Idaho murders: prosecutors
(DBN)

Kansas man arrested and charged with threatening to bomb Nashville Pride event
(DBN)

Joe Bell fights to open cold case records of a 1946 mass lynching
(DBN)

Grief book author Kouri Richins sues $1.9M estate of husband she allegedly killed
(DBN)

Ex-wife of doctor killed in home invasion indicted for murder conspiracy
(DBN)

Man guilty for stabbing ex-girlfriend 58 times in restaurant before onlookers subdued him
(DBN)

DC Judge Rules That Guy Can't Smoke Weed In His Own House Because His Neighbor's Property Rights Outweigh Him Being Sick
(DBN)

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Judges:

One of America’s top abortion rights lawyers was just confirmed as a federal judge
(DBN)

Ginni and Clarence: A Love Story
(DBN)

Supreme Court approval drops to all-time low: poll
(DBN)

Durbin announces vote on Supreme Court ethics bill Supreme Court ethics legislation will advance after Alito revelations, committee chairman says
(DBN)

Time is Running Out for John Roberts and the Supreme Court
(DBN)

Alito defends using "vacant" seat on private jet for Alaska fishing trip Sam Alito Laments It's Getting So You Can't Take All-Expense Paid Luxury Vacations Funded By Billionaires Anymore Samuel Alito’s Justification for Taking GOP-Billionaire-Led Trip: The Seat “Would Have Otherwise Been Vacant” Supreme Court Justice Samuel Alito takes heat for trip on hedge-fund billionaire’s private jet ProPublica’s Fishing Expedition for Justice Alito - WSJ Alito uses op-ed page to defend undisclosed free Alaska trip on private jet Justice Alito revealed Alaska trip more than a decade before ProPublica report
(DBN)

Justice Scalia led the way for Supreme Court justices taking free trips
(DBN)

Supreme Court's Alito defends against ethics questions
(DBN)

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Wall Street:

 

Morgan Stanley expects the stock market to plunge. Others aren't so sure.
(DBN)

Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022
(DBN)

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Layoffs:

Brace yourself for a wave of biotech layoffs
(DBN)

SoftBank’s Vision Fund to Start Job Cuts as Soon as This Week
(DBN)

Uber Laying Off 200 Recruiters
(DBN)

Friday Health Plans to lay off entire Colorado workforce
(DBN)

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Student Debt:

‘There’s no way I can pay it’: Americans dread restart of student loan payments
(DBN)

What to know about the loan servicer at the center of the Supreme Court student debt fight
(DBN)

37,800 student-loan borrowers are getting $3.3 million worth of checks in the mail after a debt relief company 'falsely' promised loan forgiveness but instead 'pocketed customers' payments,' a federal watchdog says
(DBN)

Justice Sam Alito took a luxury fishing trip with a billionaire who supports a group that wants to block Biden's student-loan forgiveness
(DBN)

Why the Supreme Court still hasn’t decided on Biden’s student loan forgiveness
(DBN)

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Labor:

Teamsters strike with UPS could snarl commerce as labor flexes muscle UPS Union Workers Seek ‘Big Raises’ in Thorny Pay Negotiations
(DBN)

Apple Illegally Interrogated Staff About Union, Judge Rules
(DBN)

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Banking:

Senate panel to consider bipartisan bill to claw back executives’ pay when banks fail
(DBN)

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Education:

Golden Gate University Law School Faces Bankruptcy, Closure
(DBN)

States fight to save books from growing number of bans across U.S.
(DBN)

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Cannabis:

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

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Economy:

The 'doom loop' hammering Middle America
(DBN)

Fed chair expects interest rates will increase "somewhat further" this year Powell expects more Fed rate hikes ahead as inflation fight ‘has a long way to go’ Here Are the Key Takeaways From Powell’s Testimony Before US House Fed’s Powell Says Higher Interest Rates Needed to Curb Inflation Powell Defies DC Critics and Makes Case for Why Rates Must Rise
(DBN)

Fed Nominees Favor Tailoring Bank Rules, Vow to Cool Inflation
(DBN)

Powell says U.S. Fed will make "judgment call" on costs of new regulations
(DBN)

Fed’s Goolsbee Says Last Week’s Rate Decision Was a ‘Close Call’
(DBN)

Fed’s Bostic Says Bar to Justify Further Rate Hikes Is Higher
(DBN)

Inflation Would Be Same Today Even if Fed Had Hiked Interest Rates Earlier, New Model Shows
(DBN)

Zandi is Betting Against a Recession
(DBN)

An ‘average’ American income may no longer cut it
(DBN)

Pandemic Retirees in US Head Back to Work as Asset Boom Fades
(DBN)

Economist who anticipated bank failures says U.S. recession may be just around the corner
(DBN)

Malaise Threatens Economy Until Fed Goes Full Hawk
(DBN)

Meet the typical Great Resigner: A Gen Zer working in leisure and hospitality who's comfortable hopping jobs in search of better pay and job security
(DBN)

A Gen Xer who secretly works 3 full-time remote jobs and makes $344,000 paid off his mortgage and is saving to send his kids to college debt-free
(DBN)

A rolling recession in the economy is turning into a rolling recovery that should help limit downside in the stock market
(DBN)

More than 25% of U.S. workers are now covered under pay transparency laws
(DBN)

Gen Zers are the stingiest tippers — especially at restaurants: study
(DBN)

Global gender gap could take 131 years to close, WEF says
(DBN)

FedEx's forecast falls short of estimates amid weak demand
(DBN)

Homelessness rose in the U.S. after pandemic aid dried up
(DBN)

Who are the Homeless in California?
(DBN)

Yellen Sees Urgency in Boosting IMF Poverty-Fighting Arsenal
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The housing market is so tight that home prices are 44% higher than before the pandemic
(DBN)

Home Listings Plummet as High Mortgage Rates Tie Owners Down
(DBN)

Weekly mortgage demand was flat, even as interest rates drop for the third straight week
(DBN)

Brace for a short drop in house prices before dwindling supply drives the market back up, analyst says
(DBN)

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Municipalities:

Puerto Rico board says challenges to PREPA projections are irrelevant
(DBN)

Fitch Ratings recognizes Puerto Rico government’s progress
(DBN)

Old Navy to Nordstrom: Half of retailers fleeing downtown San Francisco
(DBN)

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SPACs:

Harvesting Yet Another #BustedSPAC
(DBN)

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Politics:

Trump, Barr feud reaches fever pitch
(DBN)

Republicans bash Boebert for forcing Biden impeachment vote: 'Frivolous' House GOP fumes as the right goes “rogue” on impeachment Rep. Lauren Boebert divides House GOP with Biden impeachment push Marjorie Taylor Greene Calls Boebert a ‘Little Bitch’ on the House Floor McCarthy urges Republicans to reject Biden impeachment
(DBN)

Trump calls for death penalty for drug dealers; Fox’s Baier notes it would apply to woman he championed
(DBN)

‘Trump in heels’ Amanda Chase loses GOP state Senate primary in Virginia
(DBN)

GOP fears Kari Lake bid could cost them Arizona Senate race
(DBN)

Former GOP Governor Flames DeSantis Campaign As ‘One Of the Worst I’ve Seen’: It’s ‘Close to Being Over’
(DBN)

House advances Schiff censure resolution, teeing up final vote House votes to censure Trump antagonist Adam Schiff
(DBN)

Gallup finds new high in voters who say they’ll only vote for candidate who agrees with them on abortion CBS News poll finds most say Roe's overturn has been bad for country Abortion still dominates Democratic politics: 3 takeaways from Virginia’s primary night Ohio GOP targets abortion, tries to make it harder to amend state constitution DNC to raise billboards on abortion rights across U.S. a year post-Roe
(DBN)

Abbott signs bill banning ‘sexually oriented performances’ in Texas
(DBN)

Republicans rage over Hunter Biden — with some notable exceptions
(DBN)

Judge orders unsealing of Santos’s bond sponsor names Thursday
(DBN)

‘Terrible idea’: Fellow Dems try to stop Manchin's presidential flirtation
(DBN)

The 50-year culture war over affirmative action may be coming to an end
(DBN)

DeSantis's 'Woke' War With Disney Claims New Victim, An Ally
(DBN)

Josh Hawley Gets Holy Hell After Juneteenth Claim About Christianity And Slavery
(DBN)

Gov. Greg Abbott vetoes bill that would give people with disabilities new option to vote by mail
(DBN)

Poll: Latinos' slow drift from Dems
(DBN)

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Awards:

Vault 100 Rankings: The Most Prestigious Law Firms In America (2024)
(DBN)

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Religion:

The Largest and Fastest Religious Shift in America Is Well Underway
(DBN)

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Agribusiness:

Biden Biodiesel Quotas Deal Blow to Plant-Based Fuel Makers
(DBN)

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Pharma:

Mallinckrodt readies retention bonuses in event of bankruptcy filing Mallinckrodt Pays Executives $3.4 Million in Bonuses After Skipping Interest, Opioid Payments - WSJ
(DBN)

Pharmaceutical trade group sues US over Medicare drug price negotiation plans
(DBN)

Drugmakers are abandoning cheap generics, and now U.S. cancer patients can't get meds
(DBN)

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Crypto:

Shopping for Distressed Crypto Assets or Troubled Crypto Businesses? Don’t Leave Home Without This Roadmap
(DBN)

The Costly Complexity of FTX’s Bankruptcy Case: Insights and Implications
(DBN)

Bitcoin held by illiquid entities is at an all-time high as demand for the token climbs
(DBN)

Core Scientific Files Bankruptcy Plan
(DBN)

Three Arrows Capital founders launch new VC fund Bankrupt Hedge Fund 3AC’s Return as a VC Stirring Up Crypto Community
(DBN)

Bitcoin Miners Went Dark as Texas Power Grid Teetered on Brink
(DBN)

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Agribusiness:

US Corn Crop Withers to Worst Conditions Since 1992, Driving Prices Higher
(DBN)

Top Pork Producer Says Loss-Making US Farmers Will Shrink Herds
(DBN)

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Receivers:

Can a Receiver Be Liable for Failure to Turnover Property When a Bankruptcy Is Filed?
(DBN)

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Celebs:

Cardi B Heads to Bankruptcy Court After Blogger Who Owes Her $3 Million Files for Chapter 11
(DBN)

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Fashion:

Christopher Kane to appoint insolvency administrators
(DBN)

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Utilities:

Texas power prices jump 100% as record heat wave sends demand soaring
(DBN)

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Footwear:

What Happened to Rockport — And What It Will Take to Bring It Back
(DBN)

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Retailing:

National Retailer With 7 Jersey Stores Facing Bankruptcy Forman Mills Prepares to Close At Least 7 Stores in Pennsylvania; Bankruptcy Next?
(DBN)

Beloved retailer ‘could sell off entire company’ in shock move just three years after being scooped out of bankruptcy
(DBN)

Overstock.com Picks Up Bed Bath and Beyond’s Brand Name and Digital Assets in Bankruptcy Auction
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Sovereign Immunity:

Supreme Court Holds That Indian Tribes are Subject to the Automatic Stay in Bankruptcy
(DBN)

U.S. Supreme Court Holds Tribal Sovereign Immunity Expressly Abrogated by U.S. Bankruptcy Code
(DBN)

Supreme Court Holds Bankruptcy Code Abrogates Tribal Immunity
(DBN)

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Mass Torts:

Private Equity Critic Sounds Alarm on Mass Tort Suit Investors
(DBN)

Federal judge agrees to allow Mohegan Tribe to buy Montville school property from Diocese of Norwich
(DBN)

Archdiocese of Agana officially rises from bankruptcy District court closes Archdiocese bankruptcy case
(DBN)

____________

Advisors:

Under fire for its ethics, McKinsey is hiring more ethics experts to keep the firm out of trouble and will pay up to $314,000
(DBN)

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Trustees:

9th Cir. Holds Chapter 13 Trustee Not Entitled to Compensation When Case Dismissed Prior to Confirmation
(DBN)

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Aviation:

Go First seeks up to $122 mn in additional funds: Report Struggling to resume operations, Go First seeks additional funds
(DBN)

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Tech:

Twitter Employees Sue Social Media Company Over Bonuses They Say Weren't Paid Despite Promises Twitter has failed to pay millions in worker bonuses, lawsuit claims
(DBN)

Twitter CEO Intervened to Mend Google Relationship After Cloud Payment Issue - WSJ
(DBN)

Elon Musk bans 'slurs' like 'cis' and 'cisgender' on Twitter
(DBN)

Australia to Elon Musk: Explain how you’re dealing with hate on Twitter
(DBN)

Minority Report: LexisNexis Is Selling Your Personal Data to Ice so It Can Try to Predict Crimes
(DBN)

Only the Fed Can Stop 1999-Like Tech Rally, Wells Fargo’s Harvey Says
(DBN)

AI Can Destroy Humanity Within the Decade
(DBN)

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Climate:

Texas steam bath continues with record-breaking heat Extreme heat in Texas and southern U.S. may linger until Fourth of July
(DBN)

In Iran, Some Are Chasing the Last Drops of Water
(DBN)

Shell Power Trader Quits Over Company’s Pivot Back to Oil
(DBN)

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Hedge Funds:

Odey Funds Bleeding Assets Remain Open to Retail Investors
(DBN)

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Healthcare:

Edgemere sale completed more than a year after bankruptcy filing
(DBN)

Twice-bankrupt Illinois CCRC defaults on payment arrangement
(DBN)

San Diego healthcare district gets negative Moody's outlook
(DBN)

Doctors say HCA hospitals push patients into hospice care to improve mortality stats
(DBN)

Anxiety overlooked by doctors, panel says
(DBN)

Hospital turns over transgender patient records to Tennessee attorney general in investigation
(DBN)

Judge smacks down Arkansas transgender health care ban 'grounded in ideology,' not science
(DBN)

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Food/Beverage:

All Banged Up: Opportunities Emerge As Energy Drink Giant Faces Uncertain Future
(DBN)

Lab-Grown Meat Approved for Sale in US
(DBN)

Beyond Meat Wannabes Are Failing as Hype and Money Fade
(DBN)

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Autos:

Auto expert says Tesla's Model Y battery pack has 'zero repairability,' so a minor collision can junk the car
(DBN)

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Banking:

Banks shown to still offer Black entrepreneurs inferior loans, service even when they are better qualified than peers
(DBN)

Bankrupt SVB Financial Still Exploring Options for Fund Management Business
(DBN)

SNB Says Regulation Slowed Response to Credit Suisse Crisis
(DBN)

____________

Television:

Why One Sports Team's Big Move Could Trigger The Fall of Cable
(DBN)

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Biotech:

Running out of cash and options, Bioasis braces to bite the dust as creditors circle
(DBN)

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Sovereigns:

Yellen to push for concrete actions at Paris debt summit Yellen, In Paris, Pushes For Progress On Debt Restructuring
(DBN)

What is the 'Bridgetown Initiative' asking for at Paris financial summit?
(DBN)

What is China's position on restructuring debt owed by poor nations?
(DBN)

Ukraine to come up with new debt relief plan early next year
(DBN)

US says it hopes a Zambia deal with creditors is imminent Zambian Currency and Eurobonds Rally on Bets of Debt Revamp Deal Talks on Zambia's debt have been "quite encouraging"
(DBN)

Five points to understanding the debt of developing countries
(DBN)

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UK:

Councillor's poem about Woking's cash crisis
(DBN)

UK Foreign Secretary Rejects Idea BOE Needs to Create Recession
(DBN)

School which allowed child to identify as a cat faces Government investigation UK government investigating schools where students adopt neo-genders, identify as animals: report
(DBN)

____________

Canada:

Debt Postponement, Debtor Protection, and Creditor Interests: The Role of the Saskatchewan Moratorium Act Reference Case in Reinforcing the Bankruptcy and Insolvency Power
(DBN)

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Russia:

Putin amps-up nuke threat
(DBN)

Russia says three drones downed in Moscow region
(DBN)

Zelenskyy: Ukraine’s counteroffensive progress ‘slower than desired’
(DBN)

Russian companies doubled their revenues to $15 trillion last year because the energy market did so well — but that doesn't mean they're reaping massive profits
(DBN)

EU countries agree on sanctions package to target Russia’s helpers
(DBN)

Pentagon error provides extra $6.2B for Ukraine
(DBN)

Russian Military Relying on Beijing for Banned Tech
(DBN)

____________

China:

China is trying to dig up hidden, unpaid government bills in an attempt to minimize financial risk
(DBN)

China's economy may be in a "liquidity trap"
(DBN)

Inside China’s spy war on American corporations
(DBN)

____________

India:

A Review on the Historical Development Towards the Insolvency & Bankruptcy Code
(DBN)

Comeback on cards for distressed asset market
(DBN)

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MENA:

Israeli settlers torch Palestinian homes and cars to avenge deadly shooting; Palestinian man killed Attack by Palestinian Gunmen Prompts Building Plan and Settler Violence
(DBN)

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Germany:

German automotive supplier Allgaier files for insolvency
(DBN)

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Sweden:

Troubled Swedish Landlord SBB Hit by Probe on Accounting
(DBN)

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Kazakhstan:

(Not) Following the Leader in the Newest Personal Insolvency Laws in Uzbekistan and Kazakhstan
(DBN)

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