June 26, 2023

The Daily Bankruptcy News

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Law:

Looks Like Another Biglaw Firm Opts To Defer Incoming Associates Until Next Year
(DBN)

Survey Says! Keep Law Firm Offices Fun.
(DBN)

Attack Of The 50 Foot Law Firm
(DBN)

Some Clients Still Prefer To Meet Their Lawyers In Person
(DBN)

A Lawyer Who Moonlights On OnlyFans Forgot The Cardinal Rule: Marketing!
(DBN)

The 2023 ATL Top 50 Law School Rankings Are Here
(DBN)

N.D. Texas Bankruptcy Court (Not Just a Single Judge) Issues Order Related to Use of AI-Generated Filings
(DBN)

Special counsel trades immunity for fake elector testimony as Jan 6 probe heats up
(DBN)

Trump touts indictments as ‘a great badge of courage’ Trump tells supporters ‘I’m being indicted for you’
(DBN)

Trump Brags About All The Lawyers Dying To Represent Him At Party For Capitol Rioters
(DBN)

Justice Department asks to delay criminal trial for Trump's handling of classified documents to December House Republican says Trump should not have kept classified documents
(DBN)

DOJ rebuffs IRS whistleblower claims on meddling in Hunter Biden probe Garland denies allegations of politics impacting Hunter Biden plea deal Who is lying? Merrick Garland or the whistleblowers?
(DBN)

Prosecution vs. the presidency: Trump cases present looming legal crisis for nation
(DBN)

Hunter Biden Got Special Treatment — Especially Harsh
(DBN)

Trump sets aside money for E. Jean Carroll verdict as he appeals
(DBN)

Why Some Americans Buy Guns
(DBN)

Federal judge temporarily blocks Florida law restricting drag shows
(DBN)

Biden's breakthrough on immigration States can’t challenge Biden administration’s immigration enforcement policy, Supreme Court rules Supreme Court rebuffs GOP challenge to Biden's immigration policies SCOTUS upholds law that bans ‘encouraging or inducing’ illegal immigration
(DBN)

Eric Adams sent migrants to Florida, Texas, abroad: reports
(DBN)

Rising Number Of Russian, Chinese Nationals At US Southern Border Raises Security Concerns
(DBN)

Arizona governor revokes authority for counties to carry out abortion-related prosecutions
(DBN)

Florida provided far more abortions than California and New York post-Dobbs. Here’s why.
(DBN)

Texas' Post Abortion Reality
(DBN)

North Dakota Banned Abortion. This Clinic Moved to a Blue State Two Miles Away.
(DBN)

GA: Neo-Nazis Protest at Synagogues
(DBN)

New York could become the latest state to ban noncompetes
(DBN)

'Rust' Armorer Charged with Tampering
(DBN)

3 San Antonio Cops Charged with Murder
(DBN)

Trump-Obsessed Trucker Arrested for String of Wildly Racist Attacks
(DBN)

Passenger shot and killed Uber driver she believed was taking her to Mexico, police say
(DBN)

Mistress of dentist who killed his wife during African safari is sentenced for accessory
(DBN)

Jury set to hear closing arguments in trial of ex-school resource officer who stayed outside during Parkland shooting
(DBN)

Fights, beatings and a birth: Videos smuggled out of L.A. jails reveal violence, neglect
(DBN)

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Judges:

State Supreme Court Justice Offers His Thoughts On Women's Health... Definitely Should Not Have Offered Thoughts On Women's Health
(DBN)

Judge Earns Benchslap For Just Copying And Pasting Opinion
(DBN)

Supreme Court's 5-4 Opinion So Fractured Even The Subjects And Verbs Couldn't Agree
(DBN)

GOP senators want Roberts to take action on Supreme Court
(DBN)

Conservative retired federal judge calls GOP ‘spineless’ in scathing rebuke of Trump
(DBN)

This is Not Neutrality
(DBN)

Documents reveal justices’ long-running tensions over ethics
(DBN)

Pence: Democrats are trying to ‘bully’ Supreme Court Justices Alito, Thomas
(DBN)

The Supreme Court may be running out of patience for Trump’s worst judges
(DBN)

Welcome to the Supreme Court, where corruption has no meaning
(DBN)

Alito said Dobbs would lower the temperature. Instead, it fanned the flames of abortion extremism. Fighting for trust: The painful journey of the Supreme Court after Dobbs
(DBN)

Behind the Scenes of Justice Alito’s Unprecedented Wall Street Journal Pre-buttal Painter: Alito's Ethics Arguments are Nonsense
(DBN)

Harlan Crow on Collision Course with US Senate
(DBN)

Why SCOTUS Really Killed Roe v. Wade
(DBN)

How Diversity On The Supreme Court Got So Partisan
(DBN)

The Supreme Court dramatically changed public opinion on abortion
(DBN)

Supreme Court set for furious round of decisions in final days of June
(DBN)

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Wall Street:

Stock futures slip to start the final week of trading in June
(DBN)

What the heck is going on at Goldman Sachs
(DBN)

'Black Swan' author Nassim Taleb warned about the stock market's brewing AI bubble in a new interview. Here are the 8 best quotes.
(DBN)

Everyone is getting paid these days — except investment bankers Investment banking has gotten so bad even the lawyers are making more money these days
(DBN)

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Layoffs:

Inside Sweetgreen’s first automated location, and the salad chain’s plans to take the tech nationwide
(DBN)

Frenzy for Workers in Austria as Kika/Leiner Insolvency Sparks Mass Lay-Offs
(DBN)

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Autos:

Trump takes aim at EV industry during speech to Michigan Republicans
(DBN)

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Cryptoi:

The Super Connector Who Built Sam Bankman-Fried’s Celebrity World
(DBN)

Bankman-Fried Loses Bid to Get Documents From Ex-FTX Law Firm Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution
(DBN)

Depending on who you ask, BlackRock just saved, or killed, crypto
(DBN)

BlackRock, Ripple, Nasdaq Among 363 Sales Parties Interested In FTX 2.0
(DBN)

Gemini Offers Relief to Voyager Customers Affected by Bankruptcy
(DBN)

Crypto Tycoon Jihan Wu’s Mining Platform Bitdeer Gains 122% On Buybacks
(DBN)

From Bankruptcy to Rebirth: 3AC Ventures Emerges from the Ashes
(DBN)

The SEC’s Strategic Relinquishment Amidst BlockFi’s Insolvency Crisis
(DBN)

Media Giants Challenge Court’s Controversial Decision to Hide FTX Customer Identities in Bankruptcy Battle
(DBN)

FTX Defended by Sequoia Partner Despite Bankruptcy, Investment Stance Upheld
(DBN)

Prime Trust insolvency fears, Nevada regulator issues cease-and-desist order
(DBN)

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Economy:

Nearly 1 in 5 workers are 'loud quitting' at their jobs, a new Gallup poll says — and it's way more extreme than 'quiet quitting'
(DBN)

The next president's $4 trillion problem
(DBN)

When the economy’s winners feel like losers
(DBN)Employees say their well-being has worsened, but bosses disagree: Survey
(DBN)

Q2 GDP Tracking: Around 1.5%
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Empty office buildings have become a debt time bomb
(DBN)

Black Knight: "Past-Due Mortgages Approach Recent Record Lows" in May
(DBN)

The US is short more than 4 million homes: analysis
(DBN)

Nine cities where buying a home is still cheaper than renting
(DBN)

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Municipalities:

Most Violent Cities in America 2023
(DBN)

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Oil/Gas:

OPEC says oil demand will hit 110 million barrels per day in 2045
(DBN)

As fuel taxes plummet, states weigh charging by the mile instead of the tank
(DBN)

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Banking:

Janet Yellen Sees Bank Earnings Pressure, Mergers After March Crisis - WSJ
(DBN)

FDIC mistakenly releases confidential information on Silicon Valley Bank depositors, revealing major tech giants that benefitted from government help
(DBN)

Fed’s Bowman Says Bank Supervision Preferable to Capital Rules
(DBN)

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Tech:

Twitter executives were hesitant to ban Trump after Jan. 6, challenging the right-wing narrative that the company was quick to de-platform conservatives, WaPo reports
(DBN)

Twitter’s tech rivals are mimicking Elon Musk’s playbook — even Mark Zuckerberg
(DBN)

Jobs are now requiring experience with ChatGPT — and they'll pay as much as $800,000 a year for the skill
(DBN)

Zuck vs. Musk: Cage Fight 2023
(DBN)

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Politics:

74% Think America is on the Wrong Track
(DBN)

The three Democrats (not Biden or Harris) Republicans fear most in ’24
(DBN)

The Weird Sleeper Issue Biden Is Betting on for His Re-Election
(DBN)

Biden’s 2024 vision: Play 2020 again
(DBN)

 A historic number of Americans don’t want this 2024 race
(DBN)

House Freedom Caucus faces an internal purge push
(DBN)

GOP loyalty pledge draws heat from 2024 candidates
(DBN)

US faces greatest peril since Civil War as Republicans scheme to retain power
(DBN)

Republicans move to exert new control of election oversight ahead of 2024
(DBN)

Trump keeps GOP guessing on first primary debate
(DBN)

Trump claims US does not have ‘real elections,’ calls for paper ballots
(DBN)

Christie booed for criticizing Trump
(DBN)

Christie knocks transgender health care bans on campaign trail: ‘It’s more of a parent’s decision’
(DBN)

Greg Abbott Duped by Satirical News Site
(DBN)

Donald Trump’s war on truth confronts another test with voters
(DBN)

McCarthy backs effort to expunge Trump impeachments ‘Once You Are Impeached, You Are Impeached’: Turley Pours Cold Water On House GOP’s Effort to Expunge Trump’s Record
(DBN)

Graham says Biden impeachment without due process would be ‘dead on arrival’
(DBN)

Ron DeSantis is campaigning on his record. Judges keep saying it’s unconstitutional
(DBN)

Pence says pushing for abortion restrictions is ‘winning issue’ for GOP Biden rallies abortion advocates: ‘The court practically dared the women of America to be heard’ Inside An Abortion Clinic That Fled a Red State The end of Roe, one year later 9 questions about abortion in America, answered Warnings About Abortion Bans are Reality ‘I Underestimated the Depth of Outrage’: A Year in Post-Roe America
(DBN)

Members of an Indiana chapter of the group Moms for Liberty found out this week that Adolf Hitler was a bad person.
(DBN)

Georgia GOP Fights Bitter War—With Itself - WSJ
(DBN)

Statue of Revolutionary War general comes down in Albany because he enslaved people
(DBN)

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Transportation:

I-95 reopens nearly two weeks after deadly collapse
(DBN)

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Kitchenware:

Cooked? Inside the Instant Brands Bankruptcy Filing
(DBN)

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Food/Beverage:

Do Good Foods, With Flagship Facility Located in Fairless Hills, Files for Bankruptcy
(DBN)

Why are restaurants sneaking in service charges? They say they have no choice
(DBN)

The Buffet Is Back, Stretching Dollars and Slinging Crab Legs
(DBN)

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Movie Theaters:

Cineworld To File For Administration In UK As Part Of Restructuring Cineworld screens stay open despite administration
(DBN)

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Accounting:

Factbox-PwC Australia scandal latest of many around the globe for the firm
(DBN)

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Utilities:

Feds recommend 16-20 years in prison for ex-Ohio House Speaker Larry Householder
(DBN)

Scorching heat to push Texas electric demand to record levels
(DBN)

Court: ERCOT Can't be Sued Over Winter Storm
(DBN)

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Celebs:

'Plot to burgle' Simon Cowell's £45M mansion: Cops arrest 'bankrupt businessman' who 'masterminded plan to make back millions by raiding homes of A-list clients'
(DBN)

50 Cent Can Sell Ex-Employee’s Home to Pay $7M Debt, Says Judge
(DBN)

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Media:

Legacy media companies enter dark times as failures mount
(DBN)

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Coal:

West Virginia bets on hydrogen in gamble to save coal plant
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Corporate bankruptcies and defaults are surging – here's why
(DBN)

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Mass Torts:

Mallinckrodt Gets Second Extension on Opioid Settlement Payment
(DBN)

Eighth federal judge may withdraw from New Orleans Catholic church litigation
(DBN)

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Appeals:

Fifth Circuit Hold that Courts May Bypass Equitable Mootness to Rule on the Merits of Appeal
(DBN)

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Aviation:

Cargo Airline Western Global Weighs Bankruptcy as Cash Dwindles
(DBN)

Storms, air traffic control facility delay thousands of flights
(DBN)

Airport worker dies after being ‘ingested’ into plane engine
(DBN)

Go First Lenders Approve $55 Mn Fund Infusion To Revive Bankrupt Airline
(DBN)

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Healthcare:

Surgalign receives Nasdaq delisting notice following bankruptcy filing
(DBN)

VA denied Black veterans health benefits more often than white vets, data shows
(DBN)

Pedestrian deaths reach 40-year high
(DBN)

June 23rd COVID Update: New Pandemic Lows for Deaths and Hospitalizations
(DBN)

Covid isn't over, but even most cautious Americans are moving on
(DBN)

These are the best and worst US states for health care
(DBN)

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Climate:

Texas' scorching heat wave to expand, intensify Texas' record heat wave enters 3rd week as storms slam southern U.S.
(DBN)

The scientist who raised dangers of carbon dioxide in 1950s
(DBN)

Why your flood risk could be a lot worse than you think Billions in infrastructure spending could be wasted due to outdated government rainfall models Extreme floods are happening way more often than federal data would suggest, analysis shows
(DBN)

How wildfire smoke should change the way companies think about return to office
(DBN)

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Maritime:

Titan sub CEO dismissed safety warnings as 'baseless cries', emails show 9 questions about the missing Titanic submersible, answered Previous passengers recall ill-fated Titan: ‘I 100% knew this was going to happen’ U.S. Coast Guard leading investigation into cause of sub implosion
(DBN)

That OceanGate Liability Waiver Might Not Be As Airtight As It Seems
(DBN)

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Fraud:

Fort Worth oil, gas owner sentenced to 17 years in prison in $30 million fraud case
(DBN)

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Retailing:

Buy Buy Baby suitors lose interest in keeping stores open as auction nears
(DBN)

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Sovereigns:

The U.S.-China Rivalry Is Complicating the World’s Debt Crisis
(DBN)

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UK:

Princess of Wales’ dress designer on brink of collapse
(DBN)

Why Hunter, Britain’s Best Known Wellie, Fell From Grace
(DBN)

Newcastle United owner Amanda Staveley plunged into bankruptcy row
(DBN)

Britain Has Changed Since Brexit Just 18% of Leave Voters Think Brexit Worked
(DBN)

Mortgage catastrophe brews in Britain as millions are pushed toward insolvency
(DBN)

UK Auto Insurance Costs Jump Up to 70%
(DBN)

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Russia:

Russia’s Putin Orders Military to Crush Wagner Power Grab, Calls It Treason - WSJ Putin in crisis as Wagner chief declares war on Russian military leadership Putin in crisis as Wagner chief declares war on Russian military leadership Wagner Boss: Ready to Die with 25,000 Fighters Russian mercenary chief says his forces are rebelling, some left Ukraine and entered city in Russia Putin’s weaknesses laid bare after 24 hours of rebellion in Russia Wagner chief says his fighters crossed into Russia as Moscow calls for surrender Putin has only himself to blame as infighting engulfs Kremlin insiders Putin under pressure as ally turns rebel Russia investigates Wagner chief for ‘armed mutiny’ after call for attack on military Putin described mutiny as 'betrayal', vows Russia will defend itself Putin warns those on 'path of treason' will be 'punished' Wagner boss says troops moving against Russia’s military leaders Wagner boss Prigozhin says Russia's 'evil' defense ministry 'must be stopped' in latest shocking provocation US has closely monitored power struggle between Prigozhin and Russian government for months Prigozhin Says Putin's Reason for Invading Ukraine Was a Lie There likely won't be any winners in Russia's coup — but it will give Ukraine an opportunity to step up its attacks while Putin watches his back Russian citizens warned to stay indoors are filming within spitting distance of Wagner troops in Rostov-on-Don Who is the head of the mercenary group calling for an armed rebellion in Russia? Putin's 'monster' turns against former master European leaders convene emergency meetings in response to ‘chaos’ in Russia Russia Disarray Means a Moment of Uncertainty in China - WSJ Putin’s plane leaves Moscow amid ‘armed rebellion’ within Russian military Wagner chief says he ordered his Russian mercenaries to halt march on Moscow and return to Ukraine 'We are turning back': Wagner chief sensationally agrees to end his mercenary group's march on Moscow following emergency negotiations Wagner leader Prigozhin ‘agrees to stand down’ in shock u-turn with his forces just 120 miles from Moscow Wagner forces pull back from Moscow as Prigozhin’s rebellion fizzles Putin is on his way out, but things could go from Vlad to worse Wagner Group's coup is 'game-changer' for Putin as his days are now 'numbered' As revolt in Russia subsides, U.S. and allies brace for what comes next Business as usual, Mr President? Vladimir Putin breaks his silence in 'pre-recorded' interview about 'stepping up efforts' in Ukraine after Prigozhin's failed coup 'inflicted worst daily air force losses of the war with 39 pilots and crew killed by Wagner' U.S. spies learned in mid-June Prigozhin was planning armed action in Russia China Backs Russian ‘National Stability’ as Diplomats Meet China throws its support behind Russia, says Wagner rebellion is ‘internal affair’ Prepare for 'deeply dangerous and unpredictable' Russia if Vladimir Putin is replaced Russian mercenary chief Prigozhin is ‘dead man walking’: Eurasia’s Ian Bremmer Petraeus: Prigozhin ‘lost his nerve’ in calling off rebellion Wagner chief remains under investigation for inciting rebellion, state news says  Putin’s humiliation will require the West to reexamine its balancing act to save Ukraine With Russia revolt over, mercenaries’ future and direction of Ukraine war remain uncertain Putin's defense chief appears for first time since armed rebellion aimed to oust him
(DBN)

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China:

Why China’s faltering economy could soon become a top-of-mind concern for the US stock market
(DBN)

Biden administration releases intelligence on Wuhan lab
(DBN)

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MENA:

Israeli military kills Palestinian gunman as settlers rampage through Palestinian town
(DBN)

Netanyahu Seeks Weaker Courts as Producer Testifies in His Trial
(DBN)

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Germany:

German recession worries deepen as confidence slumps
(DBN)

Germany's Far Right Wins First Government Post
(DBN)

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France:

RT France declared bankrupt by French court
(DBN)

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Cayman Islands:

Securitizations and Cayman Orphan SPVs
(DBN)


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