November 30, 2023

The Daily Bankruptcy News

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Law:

Law Firms Wrestle With How Much to Tell Clients About AI Use
(DBN)

Inside Sidley Austin’s Strategy for a Restructuring Revamp
(DBN)

Big Law Firms Race to Match Cravath Salary Increases Skadden Matches Cravath On Raises And Bonuses! Ho Ho Ho! We Love These Raises And Bonuses! Top Biglaw Firm Spreads The Season Cheer With Bonuses (And More)! Top 30 Biglaw Firm Announces Associates Raises And Bonuses Another Firm Matches The New Biglaw Compensation And Bonus Standard Elite Firm Announces Associate Salary Increases On Top Of Year-End Bonuses Paul Weiss, Dechert, Hogan, Proskauer and Baker McKenzie Match Cravath Salary Scale US law firm pay raises spread for second year in a row
(DBN)

Some Biglaw Firms Won't Be Able To Keep Up With Cravath Anymore Thanks To These Salary Increases
(DBN)

Katten Elects Chicago Partner Gil Soffer as Next Firm Chair
(DBN)

Biglaw Firm's Co-Founder, A Legend Of The Investing World, Passes Away
(DBN)

New Conservative Group Can Take Stances Federalist Society Won’t
(DBN)

DePaul University College of Law dean will lead ABA legal education starting next summer
(DBN)

How To Get Fired From A Law Firm FAST!
(DBN)

Donald Trump and the Jefferson Davis Problem
(DBN)

Attorney warned Trump 'it's going to be a crime' if he didn't comply with subpoena for classified docs: Sources
(DBN)

"Whale hunting": Inside Deutsche Bank's pursuit of business with Trump Moby Don: Trump's fraud-trial 'victim,' Deutsche Bank, called him a lucrative 'whale' in fawning in-house documents
(DBN)

Trump's lawyers say concerns about his fraud-trial judge's clerk getting threats are bogus since she's getting publicity in court
(DBN)

Rudy Giuliani Spams Court With Gobbledygook In Leadup To Freeman/Moss Defamation Trial
(DBN)

Arizona election deniers indicted for holding up midterm results
(DBN)

Proud Boy Jan. 6 defendant who shot at law enforcement is sentenced to prison
(DBN)

Trump ‘breaks court ruling’ by moving $40m from Trump Organization to personal bank account – report
(DBN)

Inside the left's border backlash Why Senate Dems are prepared to swallow a border policy compromise 10 Senate Democrats voice alarm over border security talks
(DBN)

States thought fast work permits would solve their migrant problems. It hasn’t.
(DBN)

Dramatic rescues on the Rio Grande, amid shift in migration trends
(DBN)

House seeks interview with Blue Star leaders in connection with Hunter Biden Ukraine work Bank investigator flagged 'unusual' and 'erratic' activity in Hunter Biden's financial transactions from China that Republicans say funded the $40,000 'loan repayment' check
(DBN)

Texas man who threatened Georgia election officials is sentenced to 2 years in prison
(DBN)

8 Ohio officers in Jayland Walker’s fatal shooting did not violate police policies, probe finds
(DBN)

How a ‘Goon Squad’ of Deputies Got Away With Years of Brutality
(DBN)

Jackson, Mississippi, adopts next-of-kin notification policy after people were buried without families knowing
(DBN)

Drug Suspect Claims Someone Put Meth In His Underwear While He Slept
(DBN)

Prosecutors charge Indian man in attempted murder-for-hire plot against Sikh activist on US soil
(DBN)

Vermont shooting suspect's shotgun was taken by police after ex-girlfriend's plea
(DBN)

Man stabbed woman twice in back 'because I wanted to': Deputies
(DBN)

Man helped family search for missing ex-girlfriend, but he had already killed her: Cops
(DBN)

Judge denies former Georgia DA’s bid to drop charges in Ahmaud Arbery case
(DBN)

The World Is Battling a Wave of Hate Crime Unleashed by Israel-Hamas War
(DBN)

Federal Law Requires a Choice: Marijuana or a Gun?
(DBN)

Hawai'i's AG subpoenaes Maui agencies over deadly wildfire
(DBN)

Oklahoma prepares to execute man for 2001 double slaying despite self-defense claim
(DBN)

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Judges:

Judge key to Jan. 6 cases warns US faces ‘authoritarian’ threat
(DBN)

SEC’s Use of In-House Judges Cast in Doubt by Supreme Court US Supreme Court case on SEC could have wide impact on agency enforcement The Supreme Court seeks a middle path between following the law and blowing up the government
(DBN)

'Not your grandfather's SEC': Gorsuch gets the chance to take down administrative agencies
(DBN)

Ruling in double-spacing kerfuffle, federal judge observes lawyers don’t need ‘more words on a page’
(DBN)

Yeah, This Is Probably A Violation Of Judicial Ethics...
(DBN)

Texas Rangers Investigation Sheds Light on Dallas Judge’s ‘Bizarre’ Behavior
(DBN)

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Wall Street:

S&P 500 futures up near four-month highs ahead of PCE inflation report
(DBN)

US stocks close mixed as investors try to solidify big November gains
(DBN)

JPMorgan’s S&P 500 Outlook for 2024 Is Grimmest on Wall Street The bulls are wrong - stocks won't soar in 2024 with a recession still on the table, JPMorgan Asset Management warns
(DBN)

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Layoffs:

Metro Bank to cut around 850 jobs
(DBN)

TD Cuts Thousands of Jobs, Takes Restructuring Charge; Earnings Miss
(DBN)

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Politico:

Strategies 360, powerhouse NW political consultancy, files for bankruptcy protection
(DBN)

Biden Attacks Trump, Treating Him as De Facto Republican Nominee Trump makes aggressive pitch to take young voters from Biden
(DBN)

New details on Biden's private apology to Muslim Americans for rhetoric on Palestinian civilians
(DBN)

JPMorgan CEO Jamie Dimon believes the term 'ultra-MAGA' is insulting to a large group of people
(DBN)

The Painful, Depressing Reality of Why Congress Is So Dysfunctional
(DBN)

‘The Things We Do for the Orange Jesus’: CNN Shares Stunning Excerpts from Liz Cheney’s New Book Liz Cheney’s new book blasts?GOP as ‘enablers and collaborators’ of Trump, whom one member called ‘Orange Jesus’ Cheney writes McCarthy told her Trump acknowledged loss two days after election: Report Cheney: McCarthy went to Mar-a-Lago after Jan. 6 because Trump was ‘not eating’
(DBN)

Why an anti-Trump group is running some pro-Trump ads
(DBN)

Trump, who's railed against Black Lives Matter for years, now says he'd be 'very honored' to have its support
(DBN)

Trump will hold a closed-door fundraiser during the next Republican debate
(DBN)

Dozens of Republican senators are silent on endorsing Trump
(DBN)

GOP speculation mounts that McCarthy will exit Congress early
(DBN)

Trump Attacks ‘Slimeball’ CEO of MSNBC Parent Company — Threatens to ‘Make Them Pay for Their Illegal Political Activity’
(DBN)

JPMorgan’s Dimon: Democrats should boost Nikki Haley Nikki Haley’s “rise” and the Republican flight from reality Nikki Haley weighs in on a two-state solution for Israel and Palestinians The Nikki Haley Boomlet Is Proof of a Bored Press Corps Nikki Haley sprouts "grassroots army" overnight with Koch endorsement Trump should pick Haley as VP, McCarthy says Donald Trump Rages at Nikki Haley's Success Taking on Trump, a Super PAC Backing Haley Aims at Independent Voters
(DBN)

Mega-donors shake up GOP presidential race ahead of Iowa caucuses
(DBN)

Top House Republican suggests impeachment inquiry vote is coming
(DBN)

Greene moves to force vote on impeaching Mayorkas after House shelves first attempt GOP hesitance to impeach Mayorkas persists
(DBN)

Tuberville considers dropping some military holds 'soon, but not today' Tommy Tuberville Promises to End His Military Appointment “Mess”
(DBN)

'It feels like a matter of survival': Schumer delivers powerful, personal remarks on rise of antisemitism Schumer: What American Jews Fear Most
(DBN)

How Arab American voters' backlash could imperil Biden's 2024 campaign
(DBN)

Activists wanted a Middle East cease-fire. They got something else from Dems.
(DBN)

Washington Post Drops Eye-Popping Report on The ‘MAGA Doms’ and ‘Libtard Subs’ Infiltrating Kink Communities
(DBN)

Gavin Newsom has defended California’s homelessness crisis. Now he’s embracing controversial policy changes.
(DBN)

Red and blue America square off in clash of the governors 'A brilliant move': How the Newsom-DeSantis debate offers major upsides for the governors
(DBN)

CIA warns staff about social media posts after senior officer shares pro-Palestinian image
(DBN)

Speaker Johnson tells Republicans to ‘vote their conscience’ on Santos expulsion Johnson Has ‘Real Reservations’ About Santos Expulsion Vote
(DBN)

NYC Mayor’s Woes Are So Bad Even Andrew Cuomo Is Eyeing a Run
(DBN)

____________


Economy:

Fed's Beige Book: "Economic activity slowed since the previous report"
(DBN)

Jamie Dimon says to be prepared for recession
(DBN)

Here’s what it would take for the Fed to start slashing interest rates in 2024
(DBN)

Americans are ‘doom spending’ — here’s why that’s a problem
(DBN)

Boomers seem to have traded in the child-raising village for traveling. Now millennial parents say they have no one to support them.
(DBN)

U.S. economy was hotter than previously thought, new GDP data shows Q3 GDP Growth Revised up to 5.2% Annual Rate
(DBN)

Wall Street's dream of 'immaculate disinflation' is becoming reality and the economy is doing a lot better than people think, Nobel economist Paul Krugman says
(DBN)

There Really Was A Corporate Conspiracy To Inflate Egg Prices, And It's Been Proven In Federal Court
(DBN)

Americans' savings are dwindling, new poll shows
(DBN)

Inflation is cooling, but most Americans say they haven't noticed
(DBN)

Americans need an extra $11,400 today just to afford the basics
(DBN)

Why a ‘soft landing’ may not solve Biden’s polling problem
(DBN)

Large Latino poll finds cost of living and economy top voters' concerns
(DBN)

The Fed rate cuts discussion heats up
(DBN)

The hidden expense that's sucking $74 billion out of the economy
(DBN)

The dollar is heading for its worst month in a year. It’s not all bad news
(DBN)

California vs. Florida: Why are people moving from one state to the other?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

U.S. home prices climb for seventh month in a row to a record high, Case-Shiller says US Home Prices Hit Record With Eight Straight Months of Gains
(DBN)

Mortgage Rates Fall To Lowest Level In 10 Weeks
(DBN)

Final Look at Local Housing Markets in October
(DBN)

Why landlords hold the post-pandemic fate of downtown in their hands like never before
(DBN)

Despite strong economy, Texas cities grapple with excess office space
(DBN)

Study says US ill-prepared to ensure elder housing
(DBN)

The big bet on “tiny homes” to fix homelessness
(DBN)

____________

Municipalities:

How Did San Francisco Become the City in a ‘Doom Loop’?
(DBN)

Quieting the Urban Doom Loop Narrative
(DBN)

____________

Oil/Gas:

COP28 summit: Future of fossil fuels center stage at climate talks
(DBN)

Gas prices are down as U.S. oil production is back up to record levels
(DBN)

____________

Retailing:

Behind the decline of a $10B Amazon aggregator
(DBN)

Walmart shifts to India from China for cheaper imports
(DBN)

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Utilities:

Federal government investigating multiple hacks of US water utilities
(DBN)

____________

Healthcare:

Number of suicides reached record level last year, CDC says
(DBN)

Some emergency rooms resume service after ransomware attack
(DBN)

Anthony Fauci to Testify in House on Covid-19 Pandemic’s Origins, U.S. Response
(DBN)

____________

Autos:

EVs less reliable than conventional cars: Consumer Reports
(DBN)

Ford Lowers Profit Guidance as Labor Costs Rise by $8.8 Billion
(DBN)

Nearly 400 Dealers Drop Out Of Ford’s EV Program
(DBN)

____________

Climate:

The vision of El Niño as producer of historic California storms may be outdated
(DBN)

Ten Steps to a Faster Energy Transition
(DBN)

COP28 has high stakes for planet as climate warms, extreme weather surges
(DBN)

Environmentalists slam Biden admin's oil and gas auctions during COP28
(DBN)

COP28 to Score First Win With Landmark Climate Damage Fund Deal
(DBN)

These Companies Are Pushing Back on Science Showing Methane Leaks
(DBN)

Climate Change Fuels Global Political Volatility, Australia Says
(DBN)

UN Declares 2023 Hottest Year Ever as Crucial Climate Summit Starts
(DBN)

____________

Education:

How the college degree lost its value: Nearly half of US companies plan to ax Bachelor's degree requirements - after Walmart, Accenture and IBM led the charge
(DBN)

Department of Education opens investigation into Harvard over antisemitism on campus
(DBN)

Rep Banks hits back at professors attacking him over antisemitism letter: ‘Proving my original point’
(DBN)

73% of Jewish college students have experienced or seen antisemitism this school year, survey finds
(DBN)

Brown students are on edge after a Palestinian classmate was shot in Vermont
(DBN)

Florida students stage walkout after reassignment of staff who allowed trans athlete to compete
(DBN)

Students for Trump co-founder arrested on assault charges
(DBN)

Administrators ignored warnings before Georgia middle schooler stabbed fellow student, lawsuit claims
(DBN)

Man dressed as Grinch tells kids at a Texas elementary that Santa is fake, their parents are liars
(DBN)

____________

Religion:

Catholic priest axed over raunchy video in church – but points finger of blame on God
(DBN)

____________

Hedge Funds:

Hedge Fund to Back Traders Who Risk Their Own Money If Bets Fail
(DBN)

____________

Celebs:

Henry Kissinger, former secretary of state who shaped decades of U.S. policy, dies at 100 Political world reacts to divisive life and legacy of Henry Kissinger China Remembers Kissinger as ‘Valued Old Friend’ in US Relations
(DBN)

The Golden Bachelor’s Not-So-Golden Past
(DBN)

Jewish Orgs Tear Into Kanye
(DBN)

____________

Transit:

NYC Congestion Pricing Board Recommends $15 Toll to Curb Traffic
(DBN)

____________

Fraud:

SEC Charges Phoenix Real Estate Investor With Stock Manipulation Over Fake WeWork Offer
(DBN)

Forbes built a hall of shame for all the questionable people on its 30 Under 30 lists
(DBN)

____________

Meme Stocks:

Investors are placing bets that GameStop will soar 28% by next week as appetite for meme stocks perks up again
(DBN)

____________

Entertainment:

Disney's Terrible Year Is About To Get Even Worse
(DBN)

____________

Boats:

US Boat Sales Rose in Covid. Now Rates Are Hurting Them
(DBN)

____________

Lehman:

Deutsche Bank Scores Big Win on Lehman Brothers’ Debts
(DBN)


___________

 


New Bankruptcy Opinions
(2 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 (33 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Purdue Pharma bankruptcy in limbo as Supreme Court prepares to hear arguments
(DBN)

Black survivors are nearly invisible in the U.S. Catholic clergy sexual abuse crisis
(DBN)

____________

Aviation:

SAS Expects to Emerge From Chapter 11 Process by June, CEO Says Airline SAS posts Q4 loss as fuel costs, weak crown bite
(DBN)

____________

Crypto:

After 1 Year, FTX Bankruptcy Is More Lucrative for Law Firms Than Enron and Lehman
(DBN)

Who Owns the Crypto: Bankruptcy Court Rules That Customers Do Not Own The Deposited Crypto
(DBN)

FTX Approved to Start Selling $744 Million in Grayscale Assets
(DBN)

Crypto exchange FTX gets nod to sell $873M of assets to repay creditors
(DBN)

Zipmex proposes to pay creditors 3 cents per dollar Debt-Saddled Zipmex Looks To Restructure, Irks Creditors With Compensation Offer
(DBN)

____________

Labor:

Thousands of autoworkers at Toyota and Honda move to unionize after UAW victory over the Big Three UAW launches organizing campaign at 13 non-unionized automakers
(DBN)

____________

Finance:

The "Golden Age" - Private Credit will continue to have a major role to play in restructuring activity
(DBN)

Senators Warn of Hidden Dangers Lurking in Private Credit Boom
(DBN)

Banking Escapees Make Billions From Private Credit Boom
(DBN)

____________

Tech:

Linda Yaccarino’s Very Unmerry X Mess
(DBN)

OpenAI formalizes Sam Altman's return, gives Microsoft non-voting board seat Sam Altman suddenly looks less powerful. The panic caused by OpenAI's near-death experience is to blame OpenAI CEO Sam Altman went on an 18-month, $85 million real-estate shopping spree — including a previously unknown Hawaii estate
(DBN)

A year after launching, ChatGPT is already changing medicine
(DBN)

Elon Musk claims advertisers are trying to ‘blackmail’ him, says ‘Go f--- yourself’ Elon Musk, Slinging Expletives, Says Advertiser Boycott on X May Kill It
(DBN)

Elon Musk says ‘anti-Semitic tweet’ was ‘the most foolish thing’ he’s done on X in bombshell DealBook summit interview
(DBN)

Nvidia CEO: U.S. chipmakers at least a decade away from China supply chain independence
(DBN)

A Year After ChatGPT, Everybody Still Wants Prompt Engineers
(DBN)

____________

Sovereigns:

Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds
(DBN)

____________

UK:

Nottingham City Council Declares Bankruptcy Amid Financial Crisis Nottingham City Council bankruptcy: Leader blames 'problems of the past' as he sends message to city 'Bankrupt' Nottingham City Council boss David Mellan insists 'many other councils' will follow its lead unless government intervenes - despite accusations of 'breathtaking waste and incompetence' Nottingham City Council 'bankruptcy': Division over where blame lies as future of city remains uncertain Nottingham City Council bankruptcy comes after 'decade of financial mismanagement' and 'chronic underfunding' Nottingham City Council leader blames 'bankruptcy' on Conservative government
(DBN)

Judge dismisses bankruptcy petition against John Barnes - but he faces fresh claim
(DBN)

BOE Survey of Firms Shows UK Inflation Pressures Persisting
(DBN)

____________

EU:

‘Zombie’ CLOs Are a New Hurdle in European Debt Restructurings
(DBN)

Euro zone inflation sinks to 2.4%, below expectations
(DBN)

ECB’s Panetta Says Disinflation `Well Under Way’
(DBN)

Traders Fully Price ECB Rate Cut in April for First Time
(DBN)

____________

Canada:

A Fight Between Zuckerberg and Trudeau Batters Canada Media Outlets
(DBN)

Google Reaches Deal With Canada on Online News, News Reports Say
(DBN)

____________

Russia:

NATO vows to stick with Ukraine ‘as long as it takes’
(DBN)

Sweden says Turkey pledges to ratify its NATO bid ‘within weeks’
(DBN)

Ukraine makes new push to defeat Russia’s electronic warfare
(DBN)

Vladimir Putin demands Russian women have 'eight more children' to make up for war deaths
(DBN)

Zelenskiy Faces Manpower Dilemma in Ukraine’s Stalled Offensive
(DBN)

NATO navies are worried about Russia using its unique weapons to pick a fight on territory nobody controls
(DBN)

____________

MENA:

Overview of UAE’s New Financial Restructuring and Bankruptcy Legislation
(DBN)

Hamas frees 16 hostages, including American Israel and Hamas agree to extend Gaza ceasefire for another day Hunger, Solitary Confinement: Gaza Hostage Conditions Begin To Emerge Fears grow for youngest Gaza hostage after Hamas claims 3 family members killed in Israeli bombing 85-Year-Old Israeli Ex-Hostage Says She Confronted Hamas Chief Washington warns Israel against renewed Gaza offensive 'Civilians paying heaviest price': 'Most devastating moment for Israelis & Palestinians since 1948'
(DBN)

Calls grow for a two-state solution amid pause in Israel-Hamas war
(DBN)

Turkey's Erdogan calls Netanyahu 'butcher of Gaza'
(DBN)

Israel tries to reassure Democrats as aid debate rages
(DBN)

In undisclosed call, Pope Francis warned Israel against committing ‘terror’
(DBN)

Schumer: Jewish Americans feel "targeted and isolated" since Hamas attack on Israel
(DBN)

Gunmen wound 7 in rush hour attack near Jerusalem
(DBN)

Charted: U.S. has provided Israel with more than 700K weapons since 1950
(DBN)

Israeli forces storm refugee camp in occupied West Bank Hamas Support Surge in West Bank Undermines Netanyahu’s Bid to Crush It
(DBN)

Hamas invites Elon Musk to Gaza to see ‘extent of destruction’ by Israeli strikes
(DBN)

____________

China:

China factory activity shrinks for a second month in November China’s Factory Activity Shrinks Again in Sign of Recovery Woes
(DBN)

China Evergrande seeks to avoid liquidation with last-ditch debt plan-sources
(DBN)

China’s Home Sales Spiral Despite Backstop Plan for Developers
(DBN)

China’s Shattered Property Bond Market Finds Hope in Sunac Deal
(DBN)

____________

Germany:

German Jobless Rate Unexpectedly Rises to Highest Since 2021
(DBN)

'Citizens of the Reich': Raids and suspicion as German group grows
(DBN)

Germany Ordered by Court to Set up New Climate Action Plan
(DBN)

____________

France:

French Economy Unexpectedly Shrinks and Inflation Pressures Ease
(DBN)

France could be on the brink of civil war
(DBN)

____________

Turkey:

Turkish Footballers Who Chased 250% Return Left With ‘Empty Bag’
(DBN)

____________

Switzerland:

Signa Unit Linked to Galeria Store Chain Files for Insolvency
(DBN)

____________

Finland:

Finland’s Economy Shrinks Most Since 2020 in Broad-Based Decline
(DBN)

____________

Estonia:

Europe’s Longest Recession Grips Estonia as Region Suffers
(DBN)

____________

Netherlands:

More businesses seeking help despite low bankruptcy figures
(DBN)

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