May 26, 2023

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday May 29, 2023



Law:

Skadden Forces Lawyers Back to Offices Four Days Per Week
(DBN)

BigLaw firms find themselves in ‘lateral playpen’
(DBN)

Exeter attorney makes first-ever SCOTUS appearance in immunity case: 'Every lawyer's dream'
(DBN)

Missouri Supreme Court puts Kansas City bankruptcy law firm president on three years of probation
(DBN)

Arbitrator in high-profile discipline cases intended to defraud creditors during past bankruptcy
(DBN)

BigLaw firm lays off 47 business services employees Bryan Cave Lays Off 47 Business Staff in Latest Big Law Cuts Am Law 100 Firm Makes Global Employee Cuts, Citing Overcapacity
(DBN)

'You Didn’t See Your Kids Before The Pandemic, You Shouldn’t Expect To See Them Now,' Says Elite Law Firm Partner
(DBN)

Allen & Overy and Shearman & Sterling announce merger
(DBN)

These Biglaw Attorneys Were *Really* Working Overtime On Their Revenue And Value
(DBN)

Clients want their lawyers to 'do it from home'
(DBN)

Big Law’s ‘Era of the Storm’ Gives Powerful a Chance to Strike Don't Let Your Firm Get Caught In The Rain During Biglaw's 'Era Of The Storm'
(DBN)

It Takes A Skilled Lawyer To Negotiate From Community Service Up To Jail Time
(DBN)

'What Were They Thinking?' Is A Rhetorical Question
(DBN)

How I Won $5 Million From the MyPillow Guy and Saved Democracy
(DBN)

Lawyer who made his client's accuser measure her butt sues his own lawyers
(DBN)

Major Changes To The Bar Exam Are On Their Way
(DBN)

Oath Keepers founder sentenced to 18 years in Jan. 6 seditious conspiracy case 'QAnon Shaman' Jacob Chansley, the 'very image' of Jan. 6 Capitol riot released from halfway house
(DBN)

Workers moved Mar-a-Lago boxes day before DOJ came for docs
(DBN)

Trump's Potential Summer Charges in Georgia Raise Security Concerns
(DBN)

Stormy Daniels regrets coming forward about alleged Trump affair: 'It was just for nothing'
(DBN)

Nebraska governor sending state troopers to Texas border with Mexico
(DBN)

Florida man sought revenge against man nicknamed 'Creeper' and instead killed two innocent brothers
(DBN)

3 former Mississippi police officers indicted in death of man in custody
(DBN)

Do D.C.’s Police Have an Extremism Problem?
(DBN)

The DEA conducted a raid on an Arkansas psychiatrist accused of holding patients against their will
(DBN)

In fight against ‘tyranny,’ Michigan board declares itself ‘constitutional county’
(DBN)

Brian Laundrie's mother offered him a shovel and garbage bags in 'burn after reading' letter
(DBN)

NYPD SUV tries to knock rider off moped in terrifying caught-on-video traffic incident
(DBN)

Texas teen massacred his family under belief that 'they were cannibals' out to eat him: Cops
(DBN)

Billionaire financier Leon Black beats civil rape case after big #MeToo firm stops repping accuser
(DBN)

Jeffrey Epstein had 'close ties' to Virgin Islands governor who fired AG behind JPMorgan suit: Doc JPMorgan Says Former US Virgin Islands First Lady Got Visas for Epstein Victims
(DBN)

State investigators accuse Texas AG of abuse of office in public hearing Texas Legislature Makes Belated Discovery That AG Ken Paxton Is Raging Fireball Of Corruption Texas lawmakers issue 20 articles of impeachment against state AG Paxton
(DBN)

Nurse poisoned patients with insulin, claimed she wanted to put them out of their misery: Cops
(DBN)

$2B Powerball winner served papers at $25M mansion claiming jackpot ticket was stolen
(DBN)

More training after botched Uvalde police response, but accountability still in question
(DBN)

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Judges:

BK ED VA: Stephen St. John Reappointed as U.S. Bankruptcy Judge
(DBN)

Supreme Court delivers blow to wetlands protections in win for Idaho landowners Kavanaugh joins Supreme Court liberals in disagreeing with new wetlands test Supreme Court decision in wetlands case will impair flood control, affect water quality, Kavanaugh warns Supreme Court dramatically shrinks Clean Water Act’s reach
(DBN)

SCOTUS rules for grandmother in tax foreclosure takings fight; Jackson again pairs with Gorsuch
(DBN)

A judge reportedly held a secret hearing with the 3 anonymous people sponsoring George Santos's $500,000 bail
(DBN)

Judge loses her defamation lawsuit in US court
(DBN)

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Wall Street:

Stock futures tick higher as Wall Street keeps eye on U.S. debt ceiling talks
(DBN)

Billionaire Ackman Sends a Warning to Legendary Financier Icahn
(DBN)

JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
(DBN)

A U.S. recession would be ‘good news’ for markets, strategist says
(DBN)

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Layoffs:

JPMorgan Tells 1,000 First Republic Employees They'll Lose Their Jobs
(DBN)

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Tech:

Tech companies got rid of your free lunch. Now they're coming for your 401(k) and healthcare.
(DBN)

Defunct Video Giant Blockbuster Mocks Netflix Over Password-Sharing Row
(DBN)

____________

Crypto:

How Will Bankruptcy Courts Shape Crypto Regulation?
(DBN)

Shaq served in FTX suit at NBA playoff game — in former FTX Arena
(DBN)

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Industrial Gases:

Paradox Resources files for bankruptcy
(DBN)

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Sports:

Padres Could Take Over Media Rights Thanks to Diamond Sports Bankruptcy, Become MLB Blueprint
(DBN)

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Private Equity:

Why Vice’s bankruptcy is a warning on private equity investment
(DBN)

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Banking:

Swiss Finance Minister Calls Credit Suisse Managers ‘Arsonists’
(DBN)

Pimco Weighs Joining Investors Suing Over Credit Suisse Wipeout
(DBN)

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Economy:

Democrats seek unlikely debt ceiling savior: Mitch McConnell GOP senator vows to delay debt ceiling deal lacking ‘substantial reform’ Emerging US Debt Deal Would Raise Limit, Cap Spending for Two Years Democrats to Biden: Get ‘off the bench’ in the debt limit fight McCarthy Says Issues Remain in Debt Talks, All Won’t Be Happy Democrats unanimously back debt ceiling discharge petition Meet McCarthy’s closers on debt ceiling talks In Debt-Limit Fight, Biden Scores a Win on Defense Spending Paul Krugman Warns US Debt-Cap Talks Risk Harming Future Prosperity Democrats filled by debt ceiling dread Here’s Why Permitting Reform Is on the Table in US Debt-Limit Talks US Treasury Discussing Tweaks to Payment Practices as Debt Clock Ticks Extreme Debt-Ceiling Fears Abate Though Markets Still on High Alert Debt-ceiling standoff: What is the Democrats’ ‘discharge petition’ option? Why any debt deal could be just the beginning of the treacherous road to avoiding default Slimmed-down U.S. debt ceiling deal takes shape -sources The Debt-Ceiling Fight Puts Millennials and Gen Z at Risk
(DBN)

Devastation before default: How debt woes only get worse over time
(DBN)

Return of working moms defies pandemic expectations
(DBN)

Q1 GDP Growth Revised up to 1.3% Annual Rate
(DBN)

Weekly Initial Unemployment Claims at 229,000
(DBN)

New Figures Show US Wages Fell in 2022, Countering Previous Data
(DBN)

US Dollar Will Keep Its Global Dominance Despite Challenges, Moody’s Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

In fallout from First NBC, lawyer suspended after failed bid to stave off a widow's foreclosure
(DBN)

Office Real Estate Looks Dicey With REITs Plunging to a 2009 Low
(DBN)

Realtor.com Reports Weekly Active Inventory Up 20% YoY; New Listings Down 26% YoY
(DBN)

The housing market's Ice Age
(DBN)

NAR: Pending Home Sales Unchanged in April; Down 20.3% Year-over-year
(DBN)

Total Housing Completions will Likely Decrease Slightly in 2023; The Mix will Change
(DBN)

Supreme Court rules for homeowner in 'equity theft' dispute
(DBN)

____________

Municipalities:

Fact Check: What Really Happened To Firefighter Pensions After Detroit’s Bankruptcy
(DBN)

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Oil/Gas:

European Gas Tumbles in Longest Run of Weekly Losses Since 2007
(DBN)

Poorer Nations Snap Up Cheap LNG in Push to Boost Economies
(DBN)

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Student Debt:

House passes measure overturning Biden’s student debt forgiveness program
(DBN)

____________

Government Contracts:

Bipartisan senators call for probe into reports of price gouging by defense contractors
(DBN)

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Climate:

State courts can curb the climate crisis
(DBN)

Military must focus on short- and long-term challenges of climate change, report finds
(DBN)

Atlantic hurricane season to feature duel between likely El Niño and hotter Atlantic NOAA expects near-normal Atlantic hurricane season with 'a lot of uncertainty'
(DBN)

Most of Guam Without Power After Typhoon
(DBN)

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Labor:

Hollywood On The Brink: Directors To Strike Next?
(DBN)

____________

Politics:

Tim Scott says South Carolina’s six-week abortion ban is ‘good news’
(DBN)

Democrats erupt in laughter after Greene calls for decorum in House
(DBN)

40% of Dems not backing Biden in primary
(DBN)

DeSantis says he’ll consider pardoning Jan. 6 defendants, including Trump DeSantis' rise to fame was scripted and calculated. With his Twitter Spaces 2024 debut, he lost control Five takeaways from Ron DeSantis’s glitch-ridden campaign launch Why GOP candidates are piling on DeSantis — not Trump Ron DeSantis: The good, the bad and the beautiful Mexican president tells Florida Hispanics: Don’t give ‘one single vote’ to DeSantis Trump-DeSantis rivalry heats up after Florida governor's campaign launch Here's what top DeSantis lieutenants said in their private huddle with donors DeSantis raised $8.2M in 24 hours after 2024 launch, campaign says DeSantis' Most Extreme Policies in Florida Disney still has plans to spend billions in Florida despite its battle with DeSantis
(DBN)

The GOP Is Escalating Its War on Ideas
(DBN)

Where Donald Trump, Ron DeSantis Disagree
(DBN)

Are The Anti-Trump GOP Forces Starting to Implode?
(DBN)

Battle rages in Texas between AG Paxton and GOP-controlled House
(DBN)

‘Cancer’ at CPAC: Stunning Resignation Letter Accuses Matt Schlapp and ACU of Misusing Huge Sums of Cash
(DBN)

Comer says alleged Biden bribe was $5M, threatens FBI with contempt
(DBN)

Bill that set out to restrict Chinese property ownership dies in Texas House
(DBN)

Lauren Boebert intervened as son called 911 to say dad was 'throwing him around the house': report
(DBN)

Two-thirds of California voters say Feinstein no longer fit for office: Poll
(DBN)

____________

Fintech:

Plastiq Files For Bankruptcy As Fintech Troubles Mount Priority Plans to Acquire Plastiq, Subject to Bankruptcy Court Approval
(DBN)

____________

Education:

Ex-prof freed by judge in Post machete threat
(DBN)

Preteen Out of College with 5 Degrees
(DBN)

FL: Anti-DEI Has Chilling Effect with Faculties
(DBN)

____________

Celebs:

Oilers’ Evander Kane closer to erasing debts after judge’s ruling in bankruptcy case
(DBN)

Is Jessica Jung Going Bankrupt? Court Mandated Enforcement Befalls Singer's Business
(DBN)

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New Bankruptcy Opinions
(4 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 (4 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US credit squeeze triggers rise in corporate bankruptcies
(DBN)

______________

Avoidance Action:

It Turns Out You Can't Steal $25K From Old Ladies According To Supreme Court Justices rule Minnesota county violated takings clause
(DBN)

____________

Mass Torts:

Oakland diocese to renew insurance program July 1 after bankruptcy filing
(DBN)

____________

Aviation:

Following successful mission, Virgin Galactic targeting June for first commercial spaceflight
(DBN)

Pulse-pounding video shows airplane panic as passenger opens door while still in the air
(DBN)

A $189 Airport Travel Hack Is No Longer Working Very Well
(DBN)

German airline Lufthansa signs deal for minority stake in Italy's struggling ITA Airways
(DBN)

Go First cancels all flights till May 28, citing operational reasons Pratt & Whitney says India's Go First has no right over engines
(DBN)

British Airways Cancels Flights for Second Day After IT Outage
(DBN)

____________

Fraud:

Steve Bannon Border-Wall Fraud Case in NY Set for May 2024 Trial
(DBN)

New York adventure park owner pleads guilty to pilfering $3M in federal coronavirus aid
(DBN)

____________

Retailing:

Target’s CEO Slams ‘Gut-Wrenching’ Threats Over LGBTQ-Themed Goods Target Lands in Culture-War Crosshairs Over Pride Month - WSJ Charlie Kirk Incites Viewers to Go After Target Using Financial ‘Force’ Over Pride Merchandise Target shopper tears down Pride sign as fury over LGBTQ merchandise spills into aisles
(DBN)

Gap’s Better-Than-Expected Results Signal Cost Cuts Paying Off
(DBN)

Calvin Klein ad with trans man wearing bra sparks comparisons to Bud Light
(DBN)

____________

Utilities:

Texas power struggle: How the nation’s top wind power state turned against renewable energy.
(DBN)

____________

Wood Products:

Yak Timber files for bankruptcy after its parent company, the village corporation, is sued for $13M
(DBN)

____________

Autos:

May Vehicle Sales Forecast: 15.3 million SAAR, Up Sharply YoY
(DBN)

EV Truck Maker Nikola Dealt a Huge Blow
(DBN)

____________

Healthcare:

Leadership changes at Idaho medical records organization as bankruptcy continues
(DBN)

KKR-Backed GenesisCare Preps for Bankruptcy Filing Within Days - WSJ
(DBN)

Indiana doctor reprimanded for talking publicly about Ohio 10-year-old’s abortion Doctor breaks down at board hearing as she's slapped with fine over 10-year-old’s abortion — but will keep license
(DBN)

Hospitals’ Bid for Quick Cash Leaves Patients Worse Off
(DBN)

____________

UK:

Bristol council faces bankruptcy
(DBN)

UK’s Hunt Comfortable With Recession to Bring Down Inflation
(DBN)

UK’s Sunak Planning to Deport 3,000 Asylum Seekers Per Month
(DBN)

____________

EU:

Europe’s Economic Engine Is Breaking Down
(DBN)

____________

Canada:

Canada's euthanasia free-for-all gets wilder: A quarter of people now back lethal injections for the poor and homeless
(DBN)

____________

China:

China faces a new Covid wave that could peak at 65 million cases a week
(DBN)

Chinese hackers that triggered US alarm hit defense targets
(DBN)

____________

Finland:

Electricity prices in Finland flipped negative — a huge oversupply of clean, hydroelectric power meant suppliers were almost giving it away
(DBN)

____________

Russia:

Ukrainian women training for war can kill Russians with 'office supplies,' resistance group leader says
(DBN)

One dead and 16 wounded in Dnipro medical facility attack
(DBN)

Ukrainians claim to have destroyed large Russian warship in Berdiansk
(DBN)

Wagner Group boss, "Putin's butcher," says Russia at risk of losing Ukraine war and facing a "revolution"
(DBN)

US Sanctions Member of Russia’s Wagner Group Over Mali Link
(DBN)

Zelenskyy thanks Biden, Congress for war aid in Johns Hopkins commencement speech
(DBN)

Netherlands Likely to Send F-16s to Ukraine After Pilot Training F-16s won’t be a ‘magic weapon’ for Ukraine, Milley warns
(DBN)

____________

MENA:

Mounting tensions between Israel, Iran herald possible military showdown
(DBN)

____________

Brazil:

Fitch Downgrades Oi S.A.'s IDRs to 'D'
(DBN)

____________

France:

French Grocer Casino to Talk With Creditors as Conciliation Process Starts
(DBN)

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