November 29, 2023

The Daily Bankruptcy News

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Law:

Cravath finally announces associate raises, and they partly surpass Milbank scale Cravath Senior Associate Salaries Top Milbank, Test Rivals Cravath Announces Raises -- Comes Over The Top Of Milbank Scale (For Some Associates) Leading Biglaw Firm Is One Of The First To Match Cravath's New Salary, Bonus Scale First Am Law 25 Firm To Match Cravath Salary Scale Took Less Than An Hour To Announce
(DBN)

Quinn Emanuel To Adopt Hoteling Policy For Lawyers In Its New NYC Office
(DBN)

Weil Names New Restructuring Partner In Houston
(DBN)

Countercyclical and Regulatory Practices Dominate Partner Promotions in 2023
(DBN)

American Bar Association Retracts Israel Statements Following Backlash
(DBN)

Kaplan Survey: A Majority of Pre-Law Students Say It’s Important to Attend Law School With Students Having the Same Political Views
(DBN)

Legal Industry Rules on Cusp of Sea Change as Tech Forces Gather
(DBN)

Judge Urges Discipline for Lawyers Who Hid IP Litigation Funder
(DBN)

Lawyer ordered to anger management as part of sentence for slapping attorney outside court
(DBN)

Jewish inmate doesn’t have to show ‘substantial burden’ on religious beliefs to prevail on free exercise claim, 2nd Circuit says
(DBN)

Arizona lawmakers who opposed depositions on tougher voting laws fail to win Supreme Court stay
(DBN)

Alex Murdaugh, already convicted of murder, will be sentenced for stealing from 18 clients Alex Murdaugh Apologizes to His Family Ahead of Financial Crimes Sentence 'You lied, you cheated, you stole': Financial victims lay into Alex Murdaugh at sentencing Alex Murdaugh sentenced for state financial crimes Alex Murdaugh locked up even longer for 'selfish' betrayals of vulnerable clients, friends Murdaugh Gets 27 Years for Financial Crimes
(DBN)

Fraud-trial judge saves Trump from what could have been a shoot-self-in-foot plan to call Trump Org's court-ordered watchdog as a defense witness
(DBN)

Deutsche Bank Executive Testifies Loan to Trump Wasn’t Unusual
(DBN)

Pence told Jan. 6 special counsel harrowing details about 2020 aftermath, warnings to Trump: Sources Pence’s notes show VP initially didn’t want to preside over Jan. 6 electoral count: report
(DBN)

Trump lawyers seek evidence to relitigate election fraud claims in Jan. 6 case Trump wants access to records for election subversion trial from sources he discredited
(DBN)

New legal group aims to ‘bring sanity back to conservative lawyering,’ oppose Trump’s ‘legal excesses’
(DBN)

John Eastman Breaks With Co-Defendant Trump, Requests Quicker Trial Schedule John Eastman Posts Love Note To Trump On Fulton County RICO Docket
(DBN)

Monica Lewinsky calls for constitutional ban on presidential self-pardons
(DBN)

California struggles to knock Trump off the ballot
(DBN)

Trump Seeks to Use Trial to Challenge Findings That 2020 Election Was Fair
(DBN)

Trump’s Backdoor Attempts to Delay His Trials Are Backfiring
(DBN)

Donald Trump's Trial Plan Revealed
(DBN)

Donald Trump Says He Never Swore Oath 'to Support the Constitution'
(DBN)

Trump Debuts Cool New Plan To Claim 2020 Election Really Was Hacked By China
(DBN)

Murdoch deposed in Smartmatic lawsuit
(DBN)

Georgia prosecutors oppose plea deals for Trump, Meadows and Giuliani
(DBN)

Hunter Biden willing to testify publicly before House committee, lawyer says The Hunter Biden counter-offensive: A strategy long overdue, or a political minefield Raskin rips GOP for not agreeing to open hearing for Hunter Biden
(DBN)

12-year-old drives away on forklift, police follow
(DBN)

Cartel violence empties border town, sends residents fleeing to Arizona
(DBN)

US closes border crossing to vehicles and limits traffic at another in response to illegal entries
(DBN)

Texas AG’s office argues women should sue doctors — not state — over lack of abortion access
(DBN)

Ex-girlfriend of Vermont shooting suspect reported his alleged harassment to police Three Palestinian College Kids Learned Getting Shot Is as American as Thanksgiving Turkey A Palestinian student shot in Vermont was told to stay in the US by his father who thought it was safer: report
(DBN)

Customer sues Chopt eatery chain over salad that she says contained a piece of manager’s finger
(DBN)

In Canada, a Judge Sentences an Incel Killer as a Terrorist
(DBN)

4th teen guilty in carjacking dismemberment of 73-year-old grandmother
(DBN)

'Can we do a half-hour?': Video shows top Pentagon official allegedly soliciting sex
(DBN)

Man said he killed woman because he thought she was a 'witch,' heard 'demons': Prosecutors
(DBN)

Nazi Flags Found at Walmart Shooter's House
(DBN)

Judge cites handwritten will and awards real estate to Aretha Franklin’s sons
(DBN)

Jewish groups sue University of California over ‘unchecked’ antisemitism
(DBN)

Human Rights Watch found Texas' Operation Lone Star immigration enforcement has led to the deaths of 74 people over 29 months, including a 7-year-old bystander.
(DBN)

Celebrities, politicians among those named in sex abuse suits filed under NY’s Adult Survivors Act
(DBN)

Florida high school reassigns principal, assistant principal and sports coaches after they let trans athlete compete on girls' volleyball team
(DBN)

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Judges:

Former Federal Judge Explains Why Supreme Court's Decisions In Dobbs, Bruen Led To Him Stepping Down
(DBN)

National judicial leaders launch task force on legal education and admissions Judicial task force will take deep look at legal ed, bar admissions
(DBN)

Heated Litigation Fight Over 'Double-Spacing' Ends In Judge Telling Everyone To Shut Up
(DBN)

Supreme Court weighs Securities and Exchange Commission's enforcement power
(DBN)

Supreme Court to confront post-Roe abortion battles
(DBN)

Elon Musk’s attempt to silence his critics will be heard by one of America’s worst judges
(DBN)

Cyberattack bedevils Kansas courts, requiring them to ‘go analog,’ while UK law firms grapple with vendor breach
(DBN)

Harvard Law School Professor Finds ChatGPT Invents Fake Law Less Than The Supreme Court
(DBN)

Senate Judiciary chief plans new push for Supreme Court ethics subpoenas
(DBN)

The new Trump judge revolt against the Voting Rights Act, explained
(DBN)

US appeals court expects judge to 'promptly' issue fee ruling after 5 years
(DBN)

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Wall Street:

Futures Rise on Growing Bets of Rate Cuts Next Year
(DBN)

Dow closes higher Tuesday as hope grows that Fed is done raising rates
(DBN)

The stock market could plunge as much as 27% when the economy finally tips into recession, investment research firm says
(DBN)

The market 'bloodbath is likely to continue' with investors set to lose tens of trillions over next decade, Nouriel Roubini says
(DBN)

Markets are too optimistic about the economy, and 3 drivers behind big stock gains face headwinds, Mohamed El-Erian says
(DBN)

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Layoffs:

Sibanye Cuts US Jobs
(DBN)

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Healthcare:

After two failed deals, two new companies look to run bankrupt Madera Community Hospital
(DBN)

Ransomware attack forces hospitals in multiple states to divert some emergency room patients
(DBN)

Fresh epidemic fears as child pneumonia cases surge in Europe after China outbreak
(DBN)

Biden highlights Trump’s renewed effort to shelve Affordable Care Act Biden campaign: Trump’s vendetta against ObamaCare a threat to millions with preexisting conditions
(DBN)

US Life Expectancy Improved in 2022, Rebounding from Covid Lows
(DBN)

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Economy:

Nobody wants U.S. Treasury bonds
(DBN)

American spending has kept the economy going since the pandemic. It may finally be stopping, in charts
(DBN)

Fed may need four years to recoup income loss, St. Louis Fed study says
(DBN)

Momentum builds for special commission to tackle $34T in US debt
(DBN)

Global Bonds Surge Toward Best Month Since 2008 Financial Crisis
(DBN)

OECD Warns Global Economy Risks Losing Momentum
(DBN)

Consumer confidence ticked up in November after 3 straight months of decline
(DBN)

Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate Fed's Waller: Interest rates likely high enough to bring inflation back to 2% target
(DBN)

Even Most Biden Voters Don’t See a Thriving Economy
(DBN)

Why Diet Coke got so expensive
(DBN)

Americans broke a record for spending on Black Friday, but it's just hiding a bigger problem for the economy
(DBN)

Management, take notice — employees have the upper hand
(DBN)

‘We’re taking it out of hide’: Pentagon says it has no money for Middle East buildup
(DBN)

What a Drop in Promotions for Black Workers Says About Corporate Diversity Efforts
(DBN)

The Most Charitable Countries in the World
(DBN)

475,803 moved to California last year. Which states did they come from?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

Bay Area home-building startup once valued at $1B to suddenly shutter
(DBN)

Case-Shiller: National House Price Index Up 3.9% year-over-year in September; New all-time High Comments on September Case-Shiller and FHFA House Prices
(DBN)

FHFA Announces Baseline Conforming Loan Limit Will Increase to $766,550 US to Back Million-Dollar Mortgages in San Diego, Breckenridge
(DBN)

Christmas Tree Shop and Bed Bath & Beyond are gone. So what's taking their places?
(DBN)

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Municipalities:

The fierce fight to lead Puerto Rico
(DBN)

Bondholders point to governor's words as reason for larger PREPA repayment
(DBN)

Cities crack down on homeless encampments
(DBN)

After a pandemic pause, Detroit restarts water shut-offs – part of a nationwide trend as costs rise
(DBN)

San Francisco small business to be auctioned after banks refuse mortgage due to 'state of the city'
(DBN)

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Oil/Gas:

US gas prices have tumbled for 2 months to notch their longest streak of declines in over a year
(DBN)

Car Dealers Press Biden to Ease US Electric Vehicle Mandates
(DBN)

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Celebs:

Elon Musk's newest phase is cosplaying as a savior-statesman
(DBN)

Elon Musk Endorses Conspiracy With Meme Saying ‘Pizzagate Is Real’
(DBN)

Charlie Munger, investing genius and Warren Buffett’s right-hand man, dies at age 99
(DBN)

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Water:

Tensions are bubbling up at thirsty Arizona alfalfa farms as foreign firms exploit unregulated water
(DBN)

____________

Tech:

Former Google CEO: Companies' AI guardrails "aren't enough" to prevent harm
(DBN)

CFPB's Chopra: AI could dangerously concentrate power
(DBN)

Fake babies, real horror: Deepfakes from the Gaza war increase fears about AI’s power to mislead
(DBN)

Meet the AI influencer who makes up to £8,600 a month – even celebrities ask her out and are shocked she doesn’t exist
(DBN)

____________

Climate:

Germany’s Scholz vows to ‘invest heavily’ in green transition despite budget crisis
(DBN)

Climate crises drove 27 mn children into hunger in 2022: charity
(DBN)

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Education:

400 students protest at NYC high school against teacher who posted pro-Israel stance online
(DBN)

Lawsuits target first religious public charter school in U.S.
(DBN)

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Water:

A Giant Inland Sea Is Now a Desert, and a Warning for Humanity
(DBN)

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Religion:

Pope punishes leading critic Cardinal Burke in second action against conservative American prelates
(DBN)

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Crypto:

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
(DBN)

Binance's Future and Other Questions Post-Settlement
(DBN)

Judge signs off on $1.65B settlement between Voyager Digital and FTC
(DBN)

Ailing Crypto Firm Zipmex Makes Another Attempt at Restructuring
(DBN)

____________

Politics:

Koch political network endorses Nikki Haley in GOP primary
(DBN)

GOP senators feel ambushed by Trump’s policy promises
(DBN)

Melania Trump’s outfit sparks outrage at Rosalynn Carter’s funeral as viewers ask ‘why did she even bother coming’ Melania Trump slammed for 'disrespectful' outfit at Rosalynn Carter funeral
(DBN)

Troubling Questions on Trump Pardon That Ended DOJ Investigation
(DBN)

Under judge's order, Georgia proposes map with two new Black-majority districts
(DBN)

Rasmussen: Biden Approval 45%
(DBN)

Good news blinds both parties to weak presidential nominees
(DBN)

Then vs. Now: Eric Adams sours on Biden over asylum crisis
(DBN)

Speech is freer in California than in Florida, watchdog warns ahead of Newsom-DeSantis debate
(DBN)

Christie says he would not sign six-week abortion ban
(DBN)

Top evangelical says ‘Iowa will rise up’ against Trump
(DBN)

QAnon Queen Cult Leader Returns to Small Town That Thought It Drove Her Away
(DBN)

Home Depot billionaire says he'd likely still fund Trump if candidate convicted
(DBN)

Dozens of senators view harrowing video of Hamas attack on Israel
(DBN)

____________

Hedge Funds:

Hedge Fund’s Bets on Distressed Emerging Markets Pay Off
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mediation:

Refreshing A Concluded Mediation—Because Of Mediator’s Ethics Improprieties In Other Contexts (In re Tehum)
(DBN)

____________

Mass Torts:

Long Island Diocese proposes $200 mln settlement of sex abuse claims
(DBN)

‘You’re only as sick as your secrets’: New Orleans clergy abuse bankruptcy is uniquely acrimonious
(DBN)

Bankruptcy judge weighs allowing survivors to file individual sex abuse lawsuits surrounding the Buffalo Diocese requested delay
(DBN)

Catholics are more careful with church donations after Diocese bankruptcy
(DBN)

Purdue Confronts Supreme Court Skeptical of Bankruptcy Power
(DBN)

Sackler Family’s Fate in the Supreme Court Is Poised to Transform Texas Bankruptcy Law
(DBN)

Sandy Hook families call out Alex Jones for ‘lavish lifestyle’ and ‘massive salary increase’ during bankruptcy, offer a settlement well below a billion Sandy Hook Families Offer Alex Jones an $85 Million Settlement Alex Jones and Our Weird Bankruptcy Laws
(DBN)

6th Circuit rejects huge class action filed against makers of ‘forever chemicals’
(DBN)

____________

Aviation:

Sunday air travel set record: TSA 1 day, 3 million U.S. fliers: Holiday record is broken, with more jam-packed travel ahead
(DBN)

SpiceJet looking to raise $100 million, promoter Ajay Singh in talks with credit funds: Report
(DBN)

____________

Autos:

2 days before delivery, Cybertruck buyers still don't know what they're getting — or how much it'll cost
(DBN)

____________

Sports:

Bally Sports Asks For An Extension Until May 2024 to Find a Way Out of Bankruptcy
(DBN)

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Retailing:

Bankrupt Retailer Bed Bath & Beyond Says MSC Owes it $315M in Compensation
(DBN)

American Black Friday Sales Signal Tough Holidays for Retailers
(DBN)

Cyber Monday spending hits all-time record
(DBN)

____________

Labor:

Tesla scores a major victory in its ‘insane’ war against Sweden’s labor unions and government over a ‘very serious’ threat to its business
(DBN)

Tesla beats US claim that it fired factory workers amid union campaign
(DBN)

____________

Banking:

Risky Bonds Decimated By Credit Suisse Implosion Are Booming Again
(DBN)

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Hotels:

Former Palm Beach hotel developer Robert V. Matthews reports to prison after guilty plea
(DBN)

____________

Sovereigns:

Sri Lanka, Official Creditors Seal Debt Restructuring Deal
(DBN)

____________

UK:

Business closures surpass openings for the first time since 2010 as higher borrowing costs bite
(DBN)

UK Grid to Pay Households to Cut Power Use as Cold Settles In
(DBN)

British inquiry finds serious failings at hospitals where worker had sex with more than 100 corpses
(DBN)

UK Mortgage Approvals Jump as Housing Market Steadies, BOE Says
(DBN)

____________

MENA:

World Leaders: Two-State Solution Only Answer to Palestinian-Israeli Conflict
(DBN)

Ten more Israeli hostages begin journey home from Gaza Israel and Hamas discuss a broader hostage deal, but a renewed military assault looms Israel Reports Gaza Truce Violations Amid Bombing, Shootings Israel Hostages Recount Their Grim Imprisonment in Hamas Tunnels Held Hostage by Hamas: How Two Girls Survived Captivity in Gaza 10-month old among children still captive or missing in Gaza Hungry in the Dark: Israeli Hostages’ Weeks in Hamas Captivity Hamas’s Political Leaders Aren’t in Charge Gaza Ceasefire Reaches Day Six, Push for Longer Israel and Hamas discuss a broader hostage deal, but a renewed military assault looms WHO: Disease May Kill More Gazans Than Bombs
(DBN)

Israel's war with Hamas will cost $53 billion, Israeli central bank says
(DBN)

Donations to Hamas-linked charities up 70% since Oct. 7 attack, Israeli officials say
(DBN)

Elon Musk Wields Starlink in Israel to Curb Uproar Over Antisemitism
(DBN)

What a nation’s right to deploy force in self-defense actually means
(DBN)

____________

China:

The Hong Kong Judge Who Puts Fear Into China’s Deadbeat Builders
(DBN)

China brings back masks & social distancing in chilling echo of lockdown over mystery outbreak 4 years on from Covid Is China muddling response to cold and flu spike?
(DBN)

Chinese Hospitals Are Housing Another Deadly Outbreak
(DBN)

China athletes as young as seven in military training to 'create iron army'
(DBN)

____________

Russia:

Ukraine top spy's wife poisoned with heavy metals
(DBN)

‘At what cost?’ Ukraine strains to bolster its army as war fatigue weighs
(DBN)

Turkey's exports of military goods to Russia soar; Tests ties with NATO
(DBN)

Ukraine in trouble as it’s ‘running short’ on troops and ‘prospects of success look dim'
(DBN)

Russia limits women’s access to abortion, citing demographic changes
(DBN)

Russia Wants Foreign Visitors to Sign ‘Loyalty’ Pledge to Regime
(DBN)

Zelenskiy Demands New Fortifications With War Risks Mounting
(DBN)

____________

Germany:

Germany now world's worst-performing major economy
(DBN)

German Real Estate Seeing Most Distress, Greystar CEO Says
(DBN)

German Fiscal Chaos Risks Slowing Economic Rebound, OECD Says
(DBN)

Singer admits he lied when accusing hotel of antisemitism in a video that went viral
(DBN)

Germany records over 300% increase in antisemitic incidents
(DBN)

Citi Is Part of Group That Lent Money to Insolvent Signa Unit Julius Baer Shares Drop With Signa Worries Lingering
(DBN)

____________

India:

Liquidation share in insolvency cases on the decline, shows IBBI data
(DBN)

____________

Austria:

Austria's Signa to launch self-administrated insolvency proceedings Europe's Signa toppled in property rout Signa Holding to File For Restructuring in Self-Administration
(DBN)

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