October 16, 2023

The Daily Bankruptcy News

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Law:

Allen & Overy, Shearman Merger Approved by Firms’ Partners Partners approve merger that will create A&O Shearman A&O Shearman Merger Approved, Poised To Become Third-Largest Firm In The World
(DBN)

This Biglaw Firm Has You Covered From Alabama To Wyoming
(DBN)

Paul Weiss Stays on Google Suit After Surviving Yelp Motion
(DBN)

Miscellaneous: May It Please The Court
(DBN)

Cooley Tested by Roller Coaster Market as Proffitt Takes Reins
(DBN)

Blum Group Threatens To Sue More Biglaw Firms Over Their Diversity Fellowships Blum Threatens More Law Firms Over Diversity Hiring Programs
(DBN)

Trials Are A Huge Time Vacuum For Lawyers
(DBN)

Kirkland’s Rainmaking Trial Lawyer Jim Hurst Returns to Firm
(DBN)

Biglaw Attorney Arrested After Leaving Little Kids Alone On A Florida Beach
(DBN)

‘A scary situation’: As Wall Street assails Harvard, students worry about their futures Bill Ackman's misguided Harvard crusade
(DBN)

Lawyers From Biglaw Firms Across The World Sign Statement Of Support For Israel After Terror Attacks
(DBN)

Law Professor Characterizes Attacks As 'Palestinian Resistance' In Latest Example Of You're Not Helping Anybody Right Now
(DBN)

Katy Perry's Influence Will Last Forever — Maybe Not As A Musician, But As Legislation
(DBN)

California aims to expand mental health treatment with new conservatorship definition of ‘gravely disabled’
(DBN)

Michael Cohen health issue delays court showdown with Trump
(DBN)

Trump push for incremental delays risks upending federal trials
(DBN)

Trump Says He Suffered ‘Distress’ From Ex-British Spy’s Dossier Donald Trump wants to give evidence in London court over 'Steele dossier'
(DBN)

Inside Trump’s Backroom Effort to Lock Up the Nomination
(DBN)

Trump faces reckoning as D.C. judge mulls gag order Prosecutors aim to persuade judge to rein in Trump comments on election case
(DBN)

Candidate Trump's claims complicate legal strategy for defendant Trump
(DBN)

Judge punishes Rudy Giuliani for 'continued and flagrant disregard' of court orders
(DBN)

'Kraken' lawyer Sidney Powell asks judge to deal fatal blow to state RICO case
(DBN)

We Have Not Lived A Good Enough Life To Watch Mike Lindell Represent Himself Pro Se In Those Defamation Cases Mike Lindell Holding Telethon to Raise Money for New Lawyer
(DBN)

Jews Fear Rising Threats: 'We've Seen This Film'
(DBN)

FBI director warns of increase in domestic threats related to Middle East conflict
(DBN)

Menendez case signals new chapter for DOJ on foreign agent law Sen. Bob Menendez Is Quite The Overachiever
(DBN)

Most Americans say Biden’s business dealings with his son are unethical: survey
(DBN)

Oklahoma man serving life sentence uses pandemic funds to prove his innocence in murder case
(DBN)

Dozens more stalking victims join lawsuit claiming Apple AirTags are a 'weapon for stalkers and abusers'
(DBN)

Teen Fatally Stabs His Sleeping Mom in Front of Newborn Sister: Police
(DBN)

Appeals court rejects damages for woman whose home was 'destroyed' by SWAT team
(DBN)

The Endless Assassination of John F. Kennedy
(DBN)

'Worst ever' serial killer dressed as monk before torturing 190 boys
(DBN)

Suspected serial killer Rex Heuermann's wife wants to sell gun collection seized by police
(DBN)

QAnon adherent dad accused of killing his children deemed incompetent for trial
(DBN)

Driver shot and killed man in road rage, then shot bystander who started recording: Police Astonishing moment wealthy Portland businessman shoots tourist visiting crime-ridden city from driver's seat of his Mercedes, seconds after 'murdering man in road rage incident'
(DBN)

DNA from arrow links suspect accused in crossbow attack that wounded woman, police say
(DBN)

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Judges:

Top Houston Bankruptcy Judge Probed for Failing to Disclose Relationship Prominent bankruptcy judge David Jones recused from cases, under investigation after exposure of undisclosed romantic relationship Top US bankruptcy judge steps back from major cases under ethics review Bankruptcy Plan Challenged After Judge Faces Ethics Probe Texas Bankruptcy Judge Resigns After His Ethics Questioned Top US bankruptcy judge resigns amid ethics inquiry Houston Bankruptcy Judge Jones Resigns Under Misconduct Investigation Top US bankruptcy judge resigns following revelation of undisclosed romantic relationship Jackson Walker May Have Violated Ethics Rules by Not Disclosing Partner's Relationship With Judge Wow
(DBN)

Tanya Chutkan, an Unflinching Judge in the Trump Jan. 6 Trial
(DBN)

Wisconsin Republicans Vow To Let Justices Thomas, Alito, Gorsuch, And Kavanaugh Impeach Liberal Justice If They Lose Partisan Gerrymander
(DBN)

Supreme Court to consider conservative effort to block federal power and a challenge to ‘qualified immunity’ for police officers
(DBN)

9th Circuit dissenters criticize court’s ‘blank check’ for gun restrictions, including ban on high-capacity gun magazines
(DBN)

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Wall Street:

Dow futures rise to kick off a busy earnings week
(DBN)

Welcome to ‘Pantophobia.’ Markets have a ‘fear of everything,’ says BNY-Mellon.
(DBN)

The stock market is getting Ozempic'ed ‘Miracle drug’ euphoria: Experts warn widespread use of weight loss medicine faces major hurdles
(DBN)

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Politics:

Republicans nominate Rep. Jim Jordan to be next House speaker An Absurd and Dangerous Choice for Speaker House leaves town as GOP again fails to find a speaker Will Jim Jordan bully his way to the speakership? Crenshaw says pressure campaign by Jordan is ‘dumbest way’ to support GOP nominee for Speaker Senior House Republican says GOP members are ready to block Jordan Cheney says a Jordan speakership would cost GOP House majority Turner: If GOP can’t elect Speaker then ‘deal will have to be done’ with Democrats House Dem leader: ‘Informal’ discussions underway on speakership mess Dems warm to empowering McHenry as GOP chaos persists McCarthy predicts Jordan can ‘get there’ on Speakership Tapper cuts off Haley for blaming Biden for House not having Speaker
(DBN)

In Conservative Media, Biden Is to Blame in the Hamas-Israel War
(DBN)

Donald Trump Wants to Ban Palestinian Supporters From Universities
(DBN)

Graham calls Trump’s praise of Hezbollah a ‘huge mistake’ ‘Sad To See!’ Trump Gets Flayed By Rival DeSantis Over Gaffes ‘Every Time He Gets Off Teleprompter’
(DBN)

Israel crisis tests GOP's growing "America First" movement
(DBN)

DeSantis refuses to back off demand that US not accept refugees from Palestine DeSantis says Israeli counteroffensive in Gaza is ‘not collective punishment’ for Palestinians
(DBN)

‘I’ve got my uniform’: Rep. Mast wears IDF garb on the hill
(DBN)

Biden Weighs Trip to Israel in Show of Solidarity
(DBN)

Biden: Must Form a Palestinian State
(DBN)

Biden: Hamas Must be Eliminated
(DBN)

Tapper presses Sullivan on Israel cutting off food, water to Gaza Sullivan blames ‘fog of war’ over Israel’s targeting of basic infrastructure in Gaza
(DBN)

Nadler: supporting innocent Palestinians doesn’t make you anti-Israel You Can be Pro-Palestinian and Anti-Hamas
(DBN)

Majority of Americans say Israel’s response to Hamas attack is justified, CNN poll finds
(DBN)

NFL’s Moment of Silence for Israel Interrupted by ‘Free Palestine’ Chants
(DBN)

A conservative news outlet made millions from conspiracy theories. Now it's going mainstream.
(DBN)

Christians Protest Outside Trump Hotel With Words of Jesus
(DBN)

Biden 2024 campaign, allies raise $71 million in latest quarterly haul Biden Campaign Raises $71.3 Million, Far Outpacing His Republican Rivals
(DBN)

Boebert spent campaign cash at Beetlejuice boyfriend’s bar
(DBN)

Hunter Biden, Ironic Icon
(DBN)

Mounting debt threatens Mike Pence’s campaign
(DBN)

Americans support mandatory national service
(DBN)

National monument honoring freed enslaved Black people slated for 2024
(DBN)

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Autos:

As Tesla price cuts concede billions, Musk is pushed to finally spend on ads
(DBN)

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Economy:

Default risks loom for nearly $2 trillion of junk-rated debt as US companies hit with higher interest rates
(DBN)

Janet Yellen Says Higher Interest Rates May Persist in US
(DBN)

Why the US Won't Pay Down the National Debt
(DBN)

Consumer sentiment drops this fall as Americans feel worse about the economy
(DBN)

Most Say US Headed in the Wrong Direction
(DBN)

Quiet cutting: How power in U.S. offices may be shifting back to bosses
(DBN)

A troubled world economy points to global catastrophe
(DBN)

Sour and sweet rate hikes: Why the Fed has a "Lemonhead" problem
(DBN)

Amid millions of open jobs, finding work remains a struggle with a criminal record
(DBN)

JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time’ for the world in decades
(DBN)

Key takeaways from the IMF-World Bank meetings
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing has never been this unaffordable - and home prices are only going to keep rising, Goldman Sachs says
(DBN)

U.S. mortgage rates hit 23-year high and home prices show few signs of cooling, but Redfin says ‘all hope is not lost.’ Why?
(DBN)

September inflation figures show bumpy ride to taming rent growth
(DBN)

MS: Declaring Homes Blighted without Warning
(DBN)

Landlord stabbed 6-year-old Muslim boy to death because of the Israel-Hamas war: Deputies
(DBN)

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Municipalities:

Can the city of Pontiac steer itself to revival like nearby Detroit?
(DBN)

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Oil/Gas:

US Oil Production Hits Record High
(DBN)

Shell Hits Record High on Rising Energy Prices, Strategy Shift
(DBN)

Biden sold off nearly half the U.S. oil reserve. Is it ready for a crisis?
(DBN)

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Crypto:

The Bankruptcy Court as Crypto Market Regulator
(DBN)

Big moments from the beginning of the Sam Bankman-Fried trial
(DBN)

Judge in Bankman-Fried trial prods defense lawyers on repetitive questions, appears irritated
(DBN)

SBF’s Friends Force Him Into a ‘Hail Mary’ Choice on Testimony
(DBN)

Everything to Know About Sam Bankman-Fried’s Second Week in Court
(DBN)

SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies
(DBN)

Sam Trabucco made $25m during FTX fraud and built lavish property empire, but Sam Bankman-Fried's 'missing' math camp friend faces no charges - so where is Alameda's former co-CEO?
(DBN)

Caroline Ellison wanted to step down but feared a bank run on FTX
(DBN)

Investors Wary After FTX Debacle as People Lose Trust in Companies Managing Their Money
(DBN)

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Climate:

A sudden spike in global warmth is so extreme, it’s mysterious
(DBN)

Global warning: 2023 will be the hottest year on record
(DBN)

Hottest September in 174 Years
(DBN)

Hundreds of gray whales have washed up dead since 2019. Scientists think they know why.
(DBN)

When it comes to heating the planet, the fluid in your AC is thousands of times worse than CO2
(DBN)

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Healthcare:

Newsom approves $25 minimum wage for health care workers
(DBN)

Veterinarians Confront a Human Problem: Anti-Vaxers
(DBN)

The next big weight-loss drug is a huge leap forward from Ozempic
(DBN)

COVID Map Shows States With Highest Positive Tests
(DBN)

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Labor:

What to make of the UAW’s shifting strike tactics after the latest escalation UAW president Shawn Fain to automakers: "Pony up" Ford: We're At Limit for UAW Offers
(DBN)

Kaiser Permanente reaches tentative agreement with workers after strike
(DBN)

X illegally fired worker who opposed Musk's return-to-office order: NLRB
(DBN)

Music artists should unionize, top industry exec argues
(DBN)

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Tech:

Australia Fines X for Not Providing Information on Child Abuse Content
(DBN)

US Supreme Court Temporarily Blocks Order Curbing Biden Social Media Contacts
(DBN)

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Student Debt:

What Pain Will a New Wave of Student Loan Payments Bring?
(DBN)

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Retailing:

Major U.S. pharmacy chain Rite Aid files for bankruptcy What's Rite Aid Doing in Trenton? Rite Aid files for bankruptcy in the face of massive debts and ‘potentially significant’ claims for its role in the opioid epidemic “Unviable”: Rite Aid enters Chapter 11 bankruptcy protection Rite Aid Files for Bankruptcy, Undone by Years of Losses Rite Aid files for bankruptcy as it can't pay hundreds of lawsuits about oversupplied opioids painkillers - leaving an uncertain fate for its 2,100 stores Rite Aid files for Chapter 11 bankruptcy protection, plans to close stores Rite Aid Bankruptcy Explained: Three Reasons Why Pharmacy Giant Failed Drug retailer Rite Aid files for bankruptcy, gets $3.45 bln commitment Rite Aid’s Fight for Survival: A Bankruptcy Protection Lifeline
(DBN)

Shares of luxury brands are tumbling in a sign consumers' high-end spending spree is over
(DBN)

Family Dollar Recalls Hundreds of Products Sold in 23 States
(DBN)

Showfields and the bankruptcy of the ‘most interesting store in the world’
(DBN)

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Education:

Senator-turned-university-president disses fellow educators for silence
(DBN)

A trans woman joined a sorority. Then her new sisters turned on her.
(DBN)

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Banking:

What banking crisis? There's a quiet global banking boom underway
(DBN)

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Buses:

CEO of bankrupt electric vehicle company still on top White House advisory council
(DBN)

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Agribusiness:

Florida’s Battered Orange Growers Are Cashing In on a Housing Boom
(DBN)

Prima, California’s Giant, but Debt-Ridden Peach Producer, Files for Bankruptcy Private equity backed US peach farm files for bankruptcy to pursue sale
(DBN)

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Cannabis:

California Court Ruling Could Open a Pathway to Bankruptcy for Cannabis-Related Businesses
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (169 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (23 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Faced with more lawsuits, OSU denies covering up sex abuse scandal years after paying out millions in damages
(DBN)

Judge won’t oust opioid special master for bungled email that ‘should have been protected, rather than exploited’
(DBN)

Justices grant cert to address insurer standing in mass tort case
(DBN)

Purdue Pharma third party releases: A bitter pill to swallow
(DBN)

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Bankruptcy Reform:

Written Statement to Accompany In-Person Testimony Before Senate Judiciary Committee on Hearing Topic 'Corporate Manipulation of Chapter 11 Bankruptcy '
(DBN)

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Receivers:

State Court Foreclosure Receiver Required to Return Possession of Real Property to Chapter 11 Debtor
(DBN)

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Avoidance Actions:

Texas Bankruptcy Court Awards Majority Stake in Reorganized Debtor to Unsecured Creditors After Avoiding the Value of the Prepetition Lenders’ Liens
(DBN)

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Plan Confirmation:

Absolute Priority Rule And U.S. Supreme Court — A Refresher (Ahlers & 203 North LaSalle)
(DBN)

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Mediation:

Judges as Mediators
(DBN)

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Aviation:

Concerns over €200,000 a month consultants hired to ‘transition’ Malta’s failed airline
(DBN)

Will supply engines when Go starts flying, Pratt tells SIAC
(DBN)

Apollo seeking to join airline SAS investor consortium
(DBN)

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UK:

‘Millstone of debt’: how risky investments left Camberley struggling for funds
(DBN)

Slitting babies’ throats is not terrorism, claims smirking ex-BBC correspondent
(DBN)

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EU:

EU issues fresh statement amid divisions on Israel crisis EU Triples Humanitarian Aid for Gaza
(DBN)

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Canada:

The razzle-dazzle days of Canada's cannabis industry are over as pot industry faces downturn
(DBN)

Business Insolvency on the Rise in Canada: Understanding the Role of AI
(DBN)

Canada will airlift people from Tel Aviv this week, Joly says
(DBN)

____________

Russia:

Ukraine smashes key Russian navy warships with drones in crucial Crimea strike
(DBN)

Putin says Russian forces improving positions along front line in Ukraine
(DBN)

Team Biden looks for creative ways to help Ukraine
(DBN)

The Ukrainian draft dodgers who don't want to go to war against Russia
(DBN)

'Like partisans': Anti-war Russian clergy face punishment
(DBN)

____________

MENA:

Israel prepares to expand its attack in Gaza 'Next stage is coming,' Netanyahu tells IDF on visit to southern Israel Israeli army says almost 200 hostages held in Gaza by Hamas Here’s why any Israeli attempt to rescue hostages in Gaza will be ‘brutal’ Israel Says It Has Intelligence on Location of Hostages - WSJ Gaza Death Toll Crosses 2,670 Dead Are war crimes being committed in Israel-Hamas conflict? I'm a mother from Gaza. When I tried to evacuate, Israel bombed the way out. Nowhere is safe. Israel’s recent call for mass evacuation echoes catastrophic 1948 Palestinian exodus Gaza civilians afraid to leave home after bombing of ‘safe routes’ Gaza "fast becoming hell hole" on "brink of collapse" amid Israel strikes: UN Fears for Gazans grow as aid talks ramp up Israel tells UN to evacuate the northern Gaza Strip within 24 hours Hamas seen blocking evacuation routes in Gaza - IDF Israel resumes water supply to southern Gaza after U.S. pressure Israel accused of using controversial white phosphorus shells in Gaza amid war with Hamas Thousands of Palestinians attempt to flee northern Gaza amid ‘apocalyptic scenes’ Rafah, on the border of Egypt, is the only way out of Gaza after Israel closed its crossings Is Egypt's Border With Gaza Open? What We Know, What We Don't Egypt's Sisi calls Israel's ongoing response to Hamas attack collective punishment Sullivan says no Americans have been able to leave Gaza U.S. tells Americans in Gaza to move south ahead of possible evacuation White House: Egypt will accept Americans, but Hamas is stopping them Egypt ‘considers deal to accept 100,000 displaced Palestinians in exchange for US debt relief’ Jordan warns U.S. Israel could forcibly displace Palestinians to neighboring nations Humanitarian crisis grips Gaza as civilians flee south Jake Sullivan: ‘Critical’ that Israel allow safe places for civilians in Gaza to go Israeli Special Forces Enter Gaza – to Recover Bodies of Civilians Kirby won’t rule ‘in or out’ if US troops would help free hostages caught in Israel-Hamas war Hamas' Mohammed Deif, Mastermind of Israel's 9/11, Faces Last Stand in Gaza Israel's No.1 Hamas kill target is Yahya Sinwar, the 'Butcher from Khan Younis' Here's the US weaponry Israel will likely use in its ground invasion of Gaza and how Hamas could respond Israeli civilians were tortured, raped, and abused by Hamas fighters says forensic teams WHO condemns Israel’s Gaza evacuation order as ‘death sentence’ for sick, injured Gaza Hospitals Warn That Thousands Could Die Amid Looming Ground Offensive Palestinians flee for their lives to beat Israel's exodus deadline: Families cram into cars and donkey carts as the wounded continue to pour into Gaza hospitals - but some refuse to leave and vow to 'die with dignity' 'Top secret' Hamas documents show that terrorists intentionally targeted elementary schools and a youth center Hamas flaunt Israeli babies and children in chilling video How Arabs living in Israel's Negev desert are vulnerable targets for Hamas Massacre in the desert Inside Gaza's overrun hospitals, scenes of chaos and horror The Secrets Hamas Knew About Israel’s Military Inside the Risky Mission to Rescue Hostages From Hamas A 'New Front' In Hamas War Depends On Israel's Actions, Says Iran Egypt reinforces army on border AP's Gaza reporter repeatedly ripped Israel on social media, said oppressive regime should be 'overthrown' MSNBC benches Muslims Once, I Was a Peace Advocate. Now, I Have No Idealism Left In Hamas’ horrific killings, Israeli trauma over the Holocaust resurfaces 50,000 pro-Palestine supporters take to UK streets Henry Kissinger on Hamas attacks fallout: Germany let in too many foreigners CIA intel about looming Hamas terrorist attacks did not reach Joe Biden — dismissed as routine Sullivan says administration never took its ‘eye off the ball’ on threats to Israel before Hamas attack How cryptocurrency fueled Hamas' terror attack on Israel Another US Navy carrier strike group is heading to waters near Israel, where it'll join a large amount of American firepower already there How hackers piled onto the Israeli-Hamas conflict Minnesota woman, husband who advocated for Palestinian rights killed by Hamas State Dept. authorizes departure of non-essential personnel in Israel
(DBN)

Sen. Lindsey Graham warns Iran: 'If you escalate the war, we’re coming for you' Kirby pushes back on $6B Iranian funds helping pay for Hamas attack Iran warns Israel through UN against ground offensive in Gaza Iran ordered Hezbollah to attack border, says Israel
(DBN)

Blinken meets resistance in courtship of Egypt and Saudi Arabia on Gaza war
(DBN)

Palestinian Cause Galvanizes the Arab World
(DBN)

China says Israel has gone too far
(DBN)

US arranging charter flights for Americans looking to leave Israel
(DBN)

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France:

France mobilizes 7,000 troops for extra patrols after teacher slain in Islamist attack Louvre Museum and Versailles Palace evacuated after bomb threats with France on alert Paris Bomb Threats Spark Panicked Scenes
(DBN)

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Australia:

Australia's Brexit moment... Voters reject push to 'enshrine' Aboriginal people into constitution
(DBN)

Australian Air Force base worker calls for Jews to be 'wiped out'
(DBN)

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China:

It’s official: The era of China’s global dominance is over
(DBN)

China Issues Ominous War Warning to U.S.
(DBN)

US officials say they're worried a Chinese-owned bitcoin mine in Wyoming will pose a national security threat
(DBN)

In claiming neutrality, China picks a side in Israel-Hamas war
(DBN)

Taliban to Join China's Belt and Road Forum
(DBN)

____________

Germany:

Jewish Homes in Germany Marked With Star of David Graffiti: ‘It’s a Punch in the Gut’
(DBN)

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Sweden:

How Sweden became gangland hell ruled by druglords... Executions, bombings, child assassins
(DBN)

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Netherlands:

Bankruptcy rate doubles in Q3, effect of corona debts unknown
(DBN)

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India:

Streamlining the Voluntary Liquidation Process: IBBI’s Proactive Move
(DBN)

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