November 21, 2023

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click here
Search prior case summaries: Click here

Format For Mobile Device



Law:

Elite Boutique Announces Mind-Blowing Bonus Scale For Associates
(DBN)

Bonus Season Should Already Be In Full Swing, But Biglaw Is Waiting For Cravath To Make A Move
(DBN)

OpenAI’s Threatened Exodus Would Upend Legal Team Operation
(DBN)

Online law schools could win ABA blessing in major policy shift
(DBN)

Wachtell's New Co-Chairs Likely To Stay The Course With Their Leadership Style
(DBN)

David Boies, 82, plans to leave chairman role at his law firm at the end of next year
(DBN)

Ex-lawyer Alex Murdaugh, already convicted of murder, pleads guilty to state charges for stealing from clients
(DBN)

Legal Ed council votes to send academic freedom proposal to ABA House of Delegates
(DBN)

Assistant public defender suspended after anti-Israel Marxist newspapers found in PD waiting room
(DBN)

Biglaw Associates Victimized By Anti-Semitic Attack On Bus
(DBN)

Elon Musk Threatens 'Thermonuclear Lawsuit' Prompting Thermonuclear Terrible Legal Takes
(DBN)

14th Amendment cases challenging Trump's eligibility thrust courts into unknown territory Donald Trump's Colorado Ruling 'Worst Decision' He Could Get: Attorney Why Colorado judge kept Trump on ballot despite finding he engaged in insurrection
(DBN)

Trump gag order challenge sharply questioned by appeals court Appeals court weighs reinstating gag order on Trump in landmark DC election case Donald Trump's Lawyer Repeatedly Hammered by Judges in Court Exchange ‘A careful scalpel’: Appeals court signals it will cut back on Trump’s federal gag order
(DBN)

Judge Denies Mistrial Motion In NY Civil Fraud Case Because READ THE STATUTE, YOU DORKS
(DBN)

Greene calls for new Jan. 6 select committee GOP senator says House Jan. 6 panel should be probed after release of tapes Trump allies resurrect Jan. 6 conspiracy theories after Capitol footage release
(DBN)

‘They will pay’: Trump shares social media threat as his lawyer argues gag order is unfair
(DBN)

Trump Georgia co-defendant stares down jail time over fiery social media posts
(DBN)

Federal court deals devastating blow to Voting Rights Act In ‘catastrophic’ ruling for minority voters, 8th Circuit says only US can sue for discriminatory voting practices 8th Circuit Decides To Wildly Limit Enforcement Of The Voting Rights Act Ruling sets up voting-rights clash as states redraw congressional maps for '24
(DBN)

SCOTUS declines to hear Chauvin's appeal of George Floyd murder conviction
(DBN)

Georgia deputy who shot absolved man had been fired for excessive force. Critics blame the sheriff
(DBN)

Wanted woman told cops 'a half gram of marijuana' was stolen from her, is arrested
(DBN)

Retired Houston attorney allegedly killed two inmates with drug-laced papers: officials
(DBN)

Nursing home resident accused of using walker in fatal fight over washing machine
(DBN)

3 Year Old Boy Shoots and Kills 2 Year Old Brother
(DBN)

Kidnapper trapped woman in car while leading cops on chase that reached 146 mph: Troopers
(DBN)

40% of Americans afraid to walk alone at night
(DBN)

Cop accused of shaking down undercover agents posing as drug dealers
(DBN)

Rahm Emanuel's home vandalized with 'Nazi' graffiti
(DBN)

______________

Judges:

Special Committee Commits To Sweeping Judge Pauline Newman's Lawsuit Under The Rug
(DBN)

______________

Wall Street:

Stock futures are slightly lower after tech powers S&P 500 to fifth straight winning day
(DBN)

______________

Layoffs:

Citi cuts more than 300 senior manager roles
(DBN)

______________

Climate:

Nations Are Getting Serious About Climate Action. Just Not Serious Enough.
(DBN)

UN: World on track to double warming limit this century Earth is hurtling toward nearly 3°C of warming: Report
(DBN)

Richest 1 percent generate as much carbon emissions as poorest two-thirds: Research
(DBN)

Dire projections ahead of UN climate talks
(DBN)

UAE Starts Sucking Carbon From Air to Convert It Into Rock
(DBN)

____________

Personal Finance:

Here’s how much money Americans say it takes to be happy
(DBN)

____________

Labor:

Creditor challenges bankruptcy plan of ILWU dockworkers union
(DBN)

A Union for Bankers? These Workers Plan to Vote on One at Wells Fargo
(DBN)

American Airlines flight attendants request right to strike amid holidays
(DBN)

____________

Crypto:

Binance CEO Changpeng Zhao and the Justice Department are negotiating $4BN deal to end criminal investigation Crypto Market Is Just Fine With a $4 Billion Penalty for Binance
(DBN)

Crypto Exchange Bittrex Global to Shut Down
(DBN)

US Trustee challenges $5 million claims by parties in Celsius bankruptcy case
(DBN)

Celsius Faces Heat from SEC in Its Bankruptcy Revival Plan Celsius to Transition to Mining-Only NewCo After SEC Feedback in Updated Bankruptcy Plan
(DBN)

Crypto exchanges including OKEx, Bybit and Bitstamp are ‘working with Russian intermediaries’ on bankruptcy cases
(DBN)

SEC Accuses Crypto’s Kraken of Running Unregistered Exchange
(DBN)

____________

Pharma:

Bankrupt Pharma company with $235 million in debt leaves cancer patients uncertain over future of ‘life-saving’ drug
(DBN)

Oxurion plans bankruptcy filing as phase 2 eye disease failure evaporates remaining optimism
(DBN)

____________

Autos:

China’s EV surge will shock global markets
(DBN)

____________

Healthcare:

Firm wants $1M for 8 weeks of work with bankrupt Mercy
(DBN)

Federal government steps in to keep northern New York hospital open
(DBN)

Cancer patient pays off millions in medical debt for strangers before death
(DBN)

California Hospital Closes maternity ward and lays off staff
(DBN)

____________

Utilities:

California Supreme Court says PG&E can't be sued over safety-related power shutoffs
(DBN)

____________

Food/Beverage:

Seven Boston Market locations in Connecticut close as company faces financial issues
(DBN)

Deadly listeria outbreak in 7 states tied to peaches, plums and nectarines
(DBN)

____________

Insurance:

Carve Backs Preserve Coverage for Otherwise Excluded Claims
(DBN)

____________


Economy:

Yellen says high food and rent prices are key factors in voters’ negative economic outlook
(DBN)

Leading Indicators Signal a Recession
(DBN)

Is the US Headed for a Recession? Look at What Richer Americans Do on Black Friday
(DBN)

Term Premium Turns Negative as Bond Traders Boost Recession Bets
(DBN)

Wages are rising. Jobs are plentiful. Nobody’s happy.
(DBN)

Brace for constant volatility as high interest rates amplify the US debt problem, BlackRock says
(DBN)

Democrats urge Biden to revamp campaign’s economic message
(DBN)

Washington blinks as debt costs begin to bite
(DBN)

Recession fears appear to be cooling among US companies
(DBN)

Ray Dalio says US is reaching an 'inflection point' as debt starts rapidly accelerating
(DBN)

Shakira’s tax fraud battle is a warning for all remote workers
(DBN)

We’ve been fighting poverty all wrong
(DBN)

Food aid for low-income mothers, babies becomes spending flashpoint
(DBN)

LA Port Inbound Traffic Increases in October
(DBN)

14 Ways Humanity May Make Itself Extinct
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Unique Issues for WeWork in Connection with Chapter 11 Bankruptcy and Global Restructuring
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.29% in October"
(DBN)

Office Landlords Can’t Get a Loan Anymore
(DBN)

Economist who predicted 2008 housing crash says commercial real estate bubble is about to burst
(DBN)

Will Housing Market Crash? Morgan Stanley Gives 2024 Prediction
(DBN)

4th Look at Local Housing Markets in October
(DBN)

Housing November 20th Weekly Update: Inventory Up Slightly Year-over-year
(DBN)

Renting alone is too expensive for Gen Z
(DBN)

She owed her HOA $3,500. Now, she's losing the home she owned for 18 years
(DBN)

____________

Municipalities:

Puerto Rico Sales-Tax Boon Means $400 Million Windfall for Bondholders
(DBN)

____________

Oil/Gas:

U.S. gas prices are falling and could hit the cheapest Thanksgiving day price since 2020
(DBN)

Oil Traders Struggle as Decades-Old Signal of US Market Weakens
(DBN)

Gulf Region is Planning for Life After Oil
(DBN)

____________

Celebs:

Taylor Swift scores top net favorability rating among polled public figures
(DBN)

‘Ignorant’ and ‘Hateful’ Candace Owens Nuked from Orbit By Conservative Org That Championed Her: ‘Obsessed with Her Own Fame’
(DBN)

____________

Hedge Funds:

Judge: Sure, Hedge Fund Manager Is A Criminal, But A ‘Rather Noble’ One
(DBN)

____________

Fraud:

Goodwin Procter Discusses Yet Another Two Decisions in Bernie Madoff Case
(DBN)

A former venture capitalist known as Silicon Valley's 'party animal' has been convicted in a $19 million fraud case
(DBN)

____________

Student Debt:

Why it’s now easier for student loan borrowers to get rid of their debt in bankruptcy court
(DBN)

Attorney General Josh Stein Wins More than $30 Million in Student Loan Relief and Shuts Down Lender
(DBN)

DOJ and DOE share success after first year of student loan bankruptcy discharge process
(DBN)

Student Loan Discharges Approved In Most Cases Under New Bankruptcy Policy, Says Biden Administration
(DBN)

____________

Retailing:

Tattered Cover, leaner and with a lender, sounds optimistic at hearing
(DBN)

Huge National Pet Store Chain At Risk Of Bankruptcy
(DBN)

Lowe’s Cuts Sales Forecast on Falling Home-Improvement Spending
(DBN)

____________

Telecoms:

Can CommScope avert bankruptcy?
(DBN)

___________

Politics:

Christie jabs Congress: ‘These jokers take a victory lap for not closing the government’
(DBN)

Senate Democrats warn Manchin that running for president would risk disaster
(DBN)

Senate Democrats shoot down Biden naysayers in party
(DBN)

Democrats could easily lose the White House and Senate next year
(DBN)

Biden's 2024 reelection depends on young voters. They absolutely hate how he's handling the war.
(DBN)

Voter frustration could be key to turnout in 2024, experts say
(DBN)

Book: The Politics of Jesus
(DBN)

Fox announces details for DeSantis, Newsom debate
(DBN)

Not just Biden -- 77-year-old Trump also under age scrutiny
(DBN)

Trump expands lead over Biden in 2024 match-up: Poll
(DBN)

John Kelly: Why Would Anyone Support Trump?
(DBN)

Joe Manchin Leaves Two Republicans At Risk of Losing Their Seats
(DBN)

A Montana farmer with a flattop and ample lobbyist cash stands between the GOP and Senate control
(DBN)

Senate Dems stake their 2024 hopes on last 2 red-state incumbents
(DBN)

Most Americans support Israel, new poll finds
(DBN)

White House defends Musk SpaceX Pentagon contracts despite ‘antisemitic rhetoric’
(DBN)

Biden joins Meta’s Threads after White House rebukes Elon Musk for ‘anti-semitic rhetoric’ on X
(DBN)

6 in 10 Trump voters say there’s a ‘chance’ they choose another candidate: Poll
(DBN)

Cruz: Tuberville’s military holds ‘will get resolved’ soon
(DBN)

Moms for Liberty Organizer is Sex Offender
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

The Zombie notpocalypse
(DBN)

Trends in Large Corporate Bankruptcy and Financial Distress - Midyear 2023 Update
(DBN)

______________

Mass Torts:

Bayer Ordered to Pay $1.56B in Latest Trial Loss Over Roundup Weedkiller
(DBN)

A Third J&J Bankruptcy Attempt Won’t Resolve Victims’ Talc Claims
(DBN)

Sex abuse survivors fear hundreds of claims filed could unravel
(DBN)

____________

UCC:

A Lease, or Not a Lease: That Is the Question
(DBN)

____________

UST:

U.S. Trustee Program Provides Nearly 10,000 Language Interpretation Sessions in Fiscal Year 2023 for Debtors with Limited English Proficiency
(DBN)

____________

Aviation:

Airline passenger freaks out on Frontier flight: 'She's possessed! She needs help!'
(DBN)

Plane passenger gets prison time after roving from seat to seat, and groping woman
(DBN)

Sorry, doubters: Starship actually had a remarkably successful flight Implications of SpaceX's Second Starship Flight
(DBN)

India's Jindal Power will not bid to take over airline Go First
(DBN)

____________

Tech:

Both the CEO of OpenAI and the biggest investor of OpenAI still don't seem to know why Sam Altman was fired Sam Altman is still trying to return as OpenAI CEO OpenAI's employees were given two explanations for why Sam Altman was fired. They're unconvinced and furious. OpenAI workers threaten to quit if Sam Altman is not reinstated as CEO OpenAI in ‘Intense Discussions’ to Quell Potential Staff Mutiny Hundreds of OpenAI staff tell board to resign or they'll quit About 650 OpenAI workers have threatened to quit if Sam Altman is not reinstated as CEO. That's out of its staff of 770. OpenAI cofounder and chief scientist says he deeply regrets participating in ousting Sam Altman Who is Emmett Shear, OpenAI's new interim CEO after Altman's ouster How tensions over profitability at OpenAI turned into a full-blown crisis Sam Altman sure came out a hero AI doomsayers blamed in OpenAI's undoing What OpenAI's board was thinking Microsoft CEO Nadella says OpenAI governance needs to change no matter where Altman ends up
(DBN)

Tech's weekend of chaos
(DBN)

The Long Shadow of Steve Jobs Looms Over the Turmoil at OpenAI
(DBN)

X CEO Linda Yaccarino is reportedly getting texts from ad execs advising her to resign over Elon Musk's backing of antisemitic post
(DBN)

Rabbis Warn That Elon Musk Is Spreading the Type of Antisemitism "That Leads to Massacres”
(DBN)

X sues Media Matters over report about ads appearing next to Nazi posts Could this case bankrupt Media Matters?
(DBN)

Trump Sues Media Over Truth Social Financial Losses
(DBN)

Musk Gives New Life to Pizzagate Conspiracy
(DBN)

Far-right conspiracy theorists accused a 22-year-old Jewish man of being a neo-Nazi. Then Elon Musk got involved
(DBN)

FTX-Backed Anthropic’s CEO Declined OpenAI's Merger Offer: The Information
(DBN)

____________

Sovereigns:

Argentina's bonds jump after pro-dollarization candidate Javier Milei wins presidency Argentina stocks and bonds surge after Milei’s victory. Can the party continue? Argentina investors on edge as Milei decides who to put in economic hot seat Fiery right-wing populist Javier Milei wins Argentina’s presidency and promises ‘drastic’ changes Can Argentina really move from the peso to the dollar? How young Argentines helped put a far-right libertarian into power Argentina's Javier Milei: From TV pundit to the presidency
(DBN)

____________

UK:

When Informal Workouts Don’t Work Out: English High Court Rules Bank That Lent Support To Restructuring Did Not Dishonestly Assist In Putting Assets Beyond Creditors’ Reach
(DBN)

Councils ‘pushed to the brink’ by children’s social care pressures
(DBN)

Councils face £600m shortfall amid London 'homelessness crisis'
(DBN)

Council tax bills could rise as Somerset authority struggles to balance books
(DBN)

Jeff Zucker’s RedBird IMI proposes deal to buy bankrupt UK publisher
(DBN)

____________

EU:

ECB says property slump could last years in threat to lenders ECB Warns Banks’ Commercial Real Estate Hits Could Worsen Stress
(DBN)

EU Is Set to Place France on Its Fiscal Watch List
(DBN)

Muddy Waters Short Report Sends CPI Property’s Bonds to Lows
(DBN)

____________

Canada:

Customers left in the cold after Maritime Fuels files for bankruptcy
(DBN)

Bad Boy Furniture gets Ontario court approval to start liquidation sale
(DBN)

____________

MENA:

Senior Biden adviser in Israel for talks on preventing war with Lebanon
(DBN)

With the world’s eyes on Gaza, attacks are on the rise in the West Bank, which faces its own war Israel's secret air war in Gaza and the West Bank West Bank Settlers Targeting Palestinian Farmers
(DBN)

What we know about what Israel says it has found at Al-Shifa Hamas chief says a 'truce agreement' and hostage exchange with Israel is close Hamas captives spill secrets about operating from hospitals: 'We became their human shields' Humanitarian groups tell White House ceasefire is only viable aid option Where things stand on a potential Israel-Hamas hostage deal
(DBN)

Key Israeli military base destroyed 'by Hezbollah rocket strike' as escalation fears surge
(DBN)

U.S. Enters Dangerous New Phase in Shadow War With Iran
(DBN)

China Hosts Mideast Diplomats to Discuss Israel-Hamas War
(DBN)

Israel arrests NBC journalist for glorifying Hamas attacks, identifying with terrorist group
(DBN)

____________

Russia:

Russia admits it was on the verge of economic collapse after getting hit with western sanctions last year The Russian economy is in bad shape, no matter what the Kremlin says: Russian economist
(DBN)

Russia hasn't done a single prisoner-of-war exchange in months: reports
(DBN)

US Defense Secretary Austin meets with Zelenskyy in Kyiv to show steadfast support for Ukraine US announces new Ukraine package as Pentagon chief visits Kyiv
(DBN)

I’ve survived five Putin assassination attempts… it’s like Covid, it gets easier every time, says President Zelensky
(DBN)

Finland Nears Closing Russian Border to Migrants, HS Says
(DBN)

____________

Singapore:

Bankrupt ex-lawyer allegedly pretended to still be in practice, cheated clients of nearly $40k
(DBN)

____________

Australia:

Applications to replace trustees in bankruptcy: Insights for trustees from the bankrupt estate of Salim Mehajer
(DBN)

____________

India:

Recovery rate from personal guarantors may rise
(DBN)

____________

Germany:

Police raid homes of people accused of posting antisemitic speech on social media
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $74.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2023