November 8, 2023

The Daily Bankruptcy News

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Law:

Milbank Raises Associate Salaries And Announces Year-End Bonuses!
(DBN)

Cravath Cracks On Non-Equity Partnerships Cravath Adds Salaried Partner Tier in Latest Wall Street Shift
(DBN)

Federal Prosecutor Benchslapped Over 'Gratuitously Hyperbolic' Press Release
(DBN)

After Nixon Peabody Hitched Itself To Donald Trump, Blindsided Partners Told To Get Over It
(DBN)

Shadow AI: A Thorny Problem For Law Firms
(DBN)

Big Law’s AI Jobs Lay Foundation for Tech’s Wider Use at Firms
(DBN)

Biglaw Firm Joins Hotline For Victims Of Campus Antisemitic Harassment
(DBN)

Kirkland & Ellis among law firms advising on WeWork bankruptcy case
(DBN)

Judge Poised to Send Ex-Partners’ Nasty Crypto Battle to Jury
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Finalists (2023)
(DBN)

Rejecting ‘extortion layaway’ defense, jurors convict dentist in murder of FSU law prof Dan Markel 9 Years After Law Professor Murdered, Jury Finds Charlie Adelson Guilty
(DBN)

Court Clerk Accused of Jury Tampering in Murdaugh Case Breaks Silence Court clerk denies influencing jury that convicted Alex Murdaugh of murdering his family Book-writing Murdaugh murders clerk submits sworn affidavit denying jury tampering
(DBN)

Christian student will receive $150K in suit alleging school meditation program included Hindu ritual
(DBN)

Donald Trump proved a massive piece of AG James' case on the stand: law professor Trump attorney says New York attorney general is ‘just not that bright’ How Donald Trump's Volcanic Clash With Judge Engoron Unfolded Ivanka Trump is set to testify in the civil fraud trial that’s probing into the family business
(DBN)

Trump’s Recipe for a Shockingly Raw Power Grab
(DBN)

Michael Cohen reveals document he found showing Trump's recycled attacks
(DBN)

NY man who bear-sprayed officers sentenced in Jan. 6 case Ryan Nichols, Jan. 6 rioter who confessed on video in the third person, pleads guilty
(DBN)

Two people facing weapons charges after crashing into barricade near Capitol
(DBN)

Special counsel in Hunter Biden probe meets with House Republicans
(DBN)

Supreme Court appears inclined to uphold gun ban for domestic abusers
(DBN)

Cop Who Shot Black ‘Hero’ Resigned After Texting ‘I Hate Black People’
(DBN)

Who can have their Second Amendment rights taken away? SCOTUS may now decide Supreme Court stares down key test on Second Amendment case Gun rights and domestic violence collide at Supreme Court — but justices will be looking to the past Supreme Court wary of striking down 1994 law protecting domestic violence victims in high-stakes gun case SCOTUS May Walk Back Worst Decision on Guns
(DBN)

Woman arrested after driving car into Indianapolis building she thought was 'Israel school'
(DBN)

Suspect 'cooperative' in homicide investigation of Jewish man who died after fall at dueling protests Jewish man’s death at Israel-Palestinian protests is a homicide, official says Tragic details in Paul Kessler’s death after Jewish man fatally injured in clash at Israel-Palestine rally in California
(DBN)

Knife-wielding NYC woman arrested for threatening Jewish volunteer who confronted her for tearing down Israel hostage posters
(DBN)

Woman Filmed Boyfriend Shooting and Killing Her
(DBN)

Florida man who raised thousands on GoFundMe is accused of killing husband, faking crime scene
(DBN)

Milwaukee police chief injured in crash shortly after being at a news conference about bad driving
(DBN

Louisiana police chief facing charge of aggravated battery involving 2022 arrest, state police say
(DBN)

Who Really Kidnapped the Lindbergh Baby?
(DBN)

Alabama inmate may be first person to be executed this way
(DBN)

CIA Officer Guilty of Sexual Abuse of 24 Women
(DBN)

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Judges:

A court artist covering Trump's trial had the perfect response to a Fox commentator calling her work a 'travesty'
(DBN)

Stephen Breyer Is Confident Supreme Court Justices Will Figure Out Their Ethics Issues
(DBN)

Time for scrutiny of DEI policies in US Courts, Judicial Conference
(DBN)

‘Plenty of punishment’ judge faces ethics hearing for reversing rape conviction after questioning sentence
(DBN)

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Wall Street:

Stock futures are little changed after S&P 500 registers longest winning streak since 2021
(DBN)

The stock market's latest rally is about to fizzle amid a barrage of concerns, JPMorgan says
(DBN)

Brace for wild swings in US stocks amid elevated interest-rate uncertainty, wealth manager says
(DBN)

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Layoffs:

PwC to cut up to 600 UK jobs as attrition rate plunges - FT
(DBN)

Carlyle CEO Says Firm Working With ‘Urgency’ to Grow, Cut Costs
(DBN)

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Ride Hailing:

Cruise reportedly knew its robotaxis struggled to detect children and large holes but kept operating anyway
(DBN)

GM to Halt Production of Cruise Driverless Vans
(DBN)

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Utilities:

Paradise, California passing lessons on to Maui after recovery from deadly wildfires
(DBN)

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Private Equity:

Upcoming Debt Maturities May Threaten Private Equity Returns
(DBN)

Private Equity Shower Junior Staff With Rewards to Retain Talent
(DBN)

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Education:

Schools that don’t fight antisemitism, Islamophobia could lose funding, Education secretary warns
(DBN)

We Might Not Even Need The Supreme Court To Get Rid Of Legacy Admissions
(DBN)

Librarians turn to civil rights agency to oppose book bans and their firings
(DBN)

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Labor:

Actors’ union says issues remain after studios’ ‘final offer’ Tyler Perry Questions Why SAG-AFTRA Is Still on Strike
(DBN)

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Healthcare:

Envision Healthcare Bounces Back After Bankruptcy
(DBN)

US Hospitals Turn To Gig Platforms On Nurse Shortage
(DBN)

Congenital Syphilis Cases in the US Skyrocket
(DBN)

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Climate:

Since 1978 N. Greenland Lost 35% of Ice Shelf
(DBN)

‘Like something out of a Hollywood movie’: Scientists warn 2023 likely to be hottest year on record
(DBN)

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Economy:

U.S. consumers are thriving by most measures, except this one
(DBN)

NY Fed Q3 Report: Household Debt Increased
(DBN)

More Americans are yanking money from their 401(k) plans to pay the bills
(DBN)

Credit card balances spiked in the third quarter to a $1.08 trillion record. Here's how we got here
(DBN)

How artificial intelligence could upend global financial stability
(DBN)

It's a terrible time to be a HENRY
(DBN)

Why Did So Many Economists Get Disinflation Wrong?
(DBN)

A career influencer says millennials and Gen Z don't want to be managers any more — here's why
(DBN)

US debt interest payments surge past $1 trillion yearly pace, worsening concerns about massive borrowing
(DBN)

Bankers sound alarm on more inflation, new financial crisis at Hong Kong summit
(DBN)

Fed Governor Lisa Cook Says Worsening Geopolitical Tensions Pose Market Risk
(DBN)

Move over, Florida: Retirees are flocking to Pennsylvania
(DBN)

2 gas tankers traveled across the Pacific but U-turned just short of the Panama Canal because low water levels have created a traffic jam
(DBN)

Trade Deficit increased to $61.5 Billion in September
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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How People Really Live
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Real Estate:

Commercial real estate lending plunged 50% last quarter as the market struggles to break out of its 'logjam,' MBA says
(DBN)

Leading Index for Commercial Real Estate Increased in October, Down 8% YoY
(DBN)

The rise of the McMansion: 11 charts show just how much bigger and fancier American houses have gotten since the 1970s
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

US 30-Year Mortgage Rate Tumbles by Most in More Than a Year
(DBN)

How the cost of homebuying, selling will change after big court loss over real estate commissions
(DBN)


Kirkland Leads Legal Quartet Advising Insolvent WeWork Here is a list of the 69 WeWork locations that will close as part of bankruptcy filings Why WeWork failed, and what is next Nobody Wants to WeWork Anymore Why WeWork failed, and what is next Ten Moments From WeWork’s Incredible Rise and Crash Into Bankruptcy What Killed WeWork? Bankrupt WeWork Could Accelerate CRE Crisis As It Prepares To Dump 40 NYC Office Tower Leases WeWork’s $18 billion bankruptcy is the last thing the reeling commercial real-estate sector needed WeWork's Bankruptcy Puts Pinch on Office Market Fall of a ‘trailblazer’: what WeWork’s bankruptcy means for flexible working WeWork’s stunning fall from $47 billion valuation to bankruptcy & how much did co-founder Adam Neumann make before that How WeWork’s founder flew too close to the Sun WeWork bankruptcy cost SoftBank’s billionaire boss Masayoshi Son US$11.5 billion and his credibility SoftBank’s Son Edges Back Into Dealmaking With a Bet on Autonomy How SoftBank's bets on WeWork totaled $16 bln Who Is Adam Neumann? the Story of The Eccentric Billionaire Wework Founder Who Quit Before It Went Bankrupt How bankrupt WeWork was once worth $47BN before founder and 'partyer in chief' Adam Neumann's lavish lifestyle with private jets and 'tequila-fueled' leadership saw stock plummet WeWork bankruptcy: What's next for coworking office spaces It’s not just ping pong, Wework brought lonely millennials together Renting a Wework office? Here’s what happens next Office rental firm IWG looks to snap up more sites of rival WeWork
(DBN)

1st Look at Local Housing Markets in October; Early Reporting Markets suggest some month-to-month increase in Sales in October, SAAR
(DBN)

Biden wades into home insurance mess
(DBN)

Realtor Influencers Are Freaking Out After $1.8 Billion Conspiracy Lawsuit
(DBN)

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Oil/Gas:

Abandoned Oil Wells Plague the Osage Nation
(DBN)

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Politics:

Election results point to major GOP liability on abortion heading into 2024 Democrats prevail in Kentucky and Virginia. Ohio protects abortion rights Abortion rights advocates win major victories in Ohio, Kentucky, Virginia Ohio voters enshrine abortion rights in constitution Key takeaways from Election Day: Democrats show strength beyond Biden Virginia Democrats block GOP bid to take full control of state government Glenn Youngkin stunned in Virginia as Democrats keep the state Senate and flip House of Delegates Former Biden aide Gabe Amo wins House special election in Rhode Island Kentucky Democratic Gov. Andy Beshear wins reelection over challenger backed by Trump
(DBN)

Republican Gov. Tate Reeves wins re-election in Mississippi Mississippi’s Most Populous County Runs Out of Ballots on Election Night
(DBN)

US Senate Democrats Block Republican Bid to Aid Israel, Not Ukraine
(DBN)

Biden’s stumbles spark concerns about ad strategy and surrogate operation
(DBN)

Trump holds 39-point lead over DeSantis in Florida poll
(DBN)

Rachel Maddow points to poll numbers being ignored amid Biden 2024 freakout
(DBN)

The Democrats Begging Their Party to Ditch the Activist Left
(DBN)

Jewish New Yorkers occupy Statue of Liberty to demand Gaza ceasefire
(DBN)

White House condemns demonstrators ripping down posters of Israeli hostages NYC public defender resigns after being caught tearing down Israel-Hamas hostage posters
(DBN)

Voters Are Dreading a Trump-Biden Rematch. Enter R.F.K. Jr.
(DBN)

Tucker Carlson trips to Hungary were unauthorized by Fox News: book
(DBN)

Schumer blasts Senate GOP border proposal as ‘total non-starter’
(DBN)

How Sinema is moving to defuse Tuberville’s military blockade Don’t roll Tuberville, GOP senator warns party leaders
(DBN)

House censures Rep. Rashida Tlaib over Israel remarks GOP faces internal opposition on new push to censure Rashida Tlaib Democrats seek to kill Tlaib censure resolution Tlaib: It’s a ‘shame’ colleagues more focused on ‘silencing me’ than saving lives
(DBN)

A QAnon Cult Set Up a Compound in a Small Town. The Locals Are Fighting Back.
(DBN)

If Donald Trump were to return to the White House as president, the implications for the US, its allies and the global economy are sure to be profound
(DBN)

'Black Lives 4 Palestine': US activists find common cause
(DBN)

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Food/Beverage:

Denny’s franchisee Denn-Ohio files Chap. 11 bankruptcy
(DBN)

Michelin-starred restaurant closes because it’s too expensive
(DBN)

Hungry (but Not for Human Contact), Americans Head for the Drive-Through
(DBN)

Jewish community offers to work shifts to support UES cafe after pro-Palestinian baristas walk out: 'Think they know everything'
(DBN)

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Meme Stocks:

WeWork Chapter 11 a meme stock reality check: ‘No one should ever buy a stock that is rumored to be headed to bankruptcy’
(DBN)

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Fraud:

Martin Shkreli wants you to think his time in prison was like 'Goodfellas'
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Southern Baptist Leaders Quietly Seek Shield From Abuse Suits Why Southern Baptists are Furious Over a Sex Abuse Case in Kentucky
(DBN)

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Reinstatement:

Default Rate Interest in The Wake of Golden Seahorse Chapter 11 Decision
(DBN)

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Arbitration:

Denying Arbitration Of Legal Malpractice Case In Bankruptcy (Murray Energy Holdings)
(DBN)

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Aviation:

IndiGo parent's shares drop after airline warns of more groundings IndiGo to ground over 30 aircraft due to Pratt & Whitney engine issue
(DBN)

Only 19% of claims by creditors admitted: Go First RP tells Court
(DBN)

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Banking:

Bond-market crash leaves big banks with $650 billion of unrealized losses as the ghost of SVB continues to haunt Wall Street
(DBN)

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Autos:

EV Makers Turn to Discounts to Combat Waning Demand
(DBN)

US 10 to 20 Years Behind China in Batteries
(DBN)

Wholesale Used Car Prices Decreased 2.3% in October; Down 4.0% Year-over-year
(DBN)

UK: Automakers, Not Drivers, Liable for Self Driving Crashes
(DBN)

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Crypto:

Fed’s Barr Sees Stability Risk in Private Crypto Stablecoins
(DBN)

Sam Bankman-Fried's parents are seen visiting their disgraced FTX founder son in prison as he awaits sentencing and they face their own legal woes
(DBN)

The Other Bankman-Fried
(DBN)

Sam Bankman-Fried's loyal ex-assistant brands him a lying thief who's 'misunderstood' and 'not greedy': Admits she may have Stockholm syndrome
(DBN)

Multiple buyers consider purchase and relaunch of ‘irreparable’ FTX
(DBN)

The Alameda gap and crypto liquidity crisis explained
(DBN)

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Cannabis:

Ohio votes to legalize marijuana for recreational use
(DBN)

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Retailing:

Shoplifting up 73% in Dallas as retailers rush to put merchandise out of reach
(DBN)

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UK:

Council considers £12m of cuts to avoid bankruptcy
(DBN)

Brits are afraid of failure, and the flop of Wework will deter future entrepreneurs Is WeWork closing London offices? Bankruptcy fallout explained
(DBN)

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EU:

Premature ECB Rate Cuts Would Be Costly Mistake, IMF Warns
(DBN)

The Israel-Hamas War Is Dividing Europe’s Left
(DBN)

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MENA:

A month into war, Israel envisions an ‘overall security’ role in Gaza indefinitely Israel Says Its Forces Have Entered ‘Heart’ of Gaza’s Main City Netanyahu: Israel will take ‘overall security responsibility’ in Gaza after war White House warns Israel over post-war plans for Gaza Israel fights Hamas deep in Gaza City and foresees control of enclave’s security after war Israel has only weeks to defeat Hamas as global opinion sours, former prime minister says More than 400 Americans have left Gaza, State Department says Israel traps Hamas leader dubbed ‘Gaza’s Bin Laden’ in bunker & vows he’s a ‘dead man walking’ after seizing stronghold
(DBN)

UN Security Council fails once again to pass Israel-Hamas resolution
(DBN)

Assassination attempt on Palestine president Mahmoud Abbas kills one
(DBN)

Nobel laureate goes on hunger strike while imprisoned in Iran
(DBN)

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Russia:

The Inevitable Fall of Putin’s New Russian Empire
(DBN)

Zelensky Vows Ukraine Will Join the EU
(DBN)

UK Sanctions Gold Trader and Miners in New Russian Clampdown
(DBN)

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Germany:

'Hardly any taboos left': anti-Semitism resurges in Germany
(DBN)

Germany Designates Regional Right-Wing AfD Party as Extremist
(DBN)

Signa Appoints Restructuring Expert Geiwitz to Lead Turnaround
(DBN)

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Brazil:

Brazil Cracks Down on Surprising New Threat: Neo-Nazis
(DBN)

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France:

'Anti-Semitic' graffiti possibly ordered from abroad, Paris prosecutor says
(DBN)

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India:

Stock Broker Is A Financial Service Provider – The NCLAT Ruling May Offer Respite
(DBN)

US bankruptcy will not hit WeWork business in India
(DBN)

Housing projects: IBBI moots changes to rules IBBI proposes smooth registration of occupied flats in insolvent realty projects
(DBN)

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China:

China Ready To Improve Ties With US 'At All Levels': VP
(DBN)

China Is Having a Hard Time Wooing Foreign Investors Back
(DBN)

China Asks Ping An to Rescue Country Garden, Reuters Reports Ping An Exited Its Country Garden Stake, Has No Takeover Plan
(DBN)

China Funding Shifts to Rescue Finance
(DBN)

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Hong Kong:

Fears for HK offices after fall of former Wall Street darling
(DBN)

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Australia:

WeWork bankruptcy: shared office provider expected to try and renegotiate Australian leases
(DBN)

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