October 17, 2023

The Daily Bankruptcy News

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Law:

Quinn Emanuel announces special fall bonuses after ‘fabulous year’ Quinn Emanuel Announces Special Fall Bonuses Quinn Emanuel Gives Extra Bonuses Up to $32,900 for Top Billers
(DBN)

Stroock Reportedly Cut Pay, Hours As It Struggled To Find Merger Partner
(DBN)

Winston & Strawn Defends DEI Fellowship Amid Lawsuit Threat
(DBN)

The Associate Lateral Hiring Spree Is Slowing Down
(DBN)

Should Your Clients Know You're Briefing With AI? Florida Bar Wants Your Comments
(DBN)

Biglaw Partners Make Generous Donations To Support Israel Following Terror Attacks
(DBN)

SCOTUS will hear ‘backdoor censorship’ case of council member arrested for placing document in binder
(DBN)

Judge imposes gag order on Donald Trump in D.C. trial Countdown To Trump Violating That Gag Order In 3...2... Trump Wastes No Time Attacking Judge Who Slapped Him With Gag Order Trump ‘does not have the right to say and do exactly what he pleases,’ judge says, issuing gag order Judge agrees to ‘narrow’ gag order limiting Trump attacks on witnesses in Jan. 6 case Trump spokesperson cries 'absolute abomination' after Judge Chutkan issues gag order Trump Gag Order in 2020 Case Bars Targeting Lawyers, Witnesses
(DBN)

Rudy Giuliani Runs Into Judicial Buzzsaw. Again.
(DBN)

Georgia election subversion case judge skeptical of asking potential jurors about ‘MAGA Republicans’
(DBN)

For Mike Lindell and MyPillow, there's no turning back
(DBN)

'Insane': Trump lawyer blasted by MSNBC host for claiming right to attack court staff
(DBN)

Fox Legal Chief Cites Judge Errors for $787 Million Settlement
(DBN)

DOJ reaches settlement in Trump-era border separation case
(DBN)

Massachusetts governor warns state is running out of room to house migrants
(DBN)

Colorado Court Approves Use of Google Search Data in Murder Case
(DBN)

U.S. violent crimes fell in 2022, FBI says — but property crime is up Murder rate falls 6 percent nationally: FBI
(DBN)

Cops: Funeral home worker burglarized dead man's home to get life-size sex doll
(DBN)

Suspect in death of Palestinian American boy was obsessed with Israel-Hamas war, prosecutors say
(DBN)

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Judges:

Bankruptcy Judge’s Sudden Exit Leaves Big-Money Cases in Limbo Top Texas Judge’s Ethical Lapse Threatens Court’s Reputation Bankruptcy judge resigns after ethics complaint alleges undisclosed ‘intimate relationship’ with lawyer
(DBN)

Justice Amy Coney Barrett says Supreme Court ethics rules would be a 'good idea'
(DBN)

Supreme Court adds second case challenging agency power that will allow Justice Jackson to participate
(DBN)

Supreme Court tells Fifth Circuit to stop its defiance in ghost gun case Justices again side with Biden on ghost guns
(DBN)

Meet Tanya Chutkan, the judge who won’t allow Trump to call special counsel ‘deranged’
(DBN)

Speaking at ABA meeting, federal appeals judge, 96, doesn’t address her suspension but mentions opinion pace
(DBN)

Federal Judge Refuses To Hire Law Clerks Who Signed On To Letters Condemning Israel After Hamas Attack
(DBN)

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Wall Street:

Stock futures slip as Wall Street look towards busy earnings week
(DBN)

U.S. stocks rise amid efforts to stifle Israel conflict
(DBN)

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Layoffs:

LinkedIn to lay off hundreds of people amid broader restructuring Read the email LinkedIn sent employees announcing more than 600 layoffs across its engineering and product teams
(DBN)

How ‘A.I. Agents’ That Roam the Internet Could One Day Replace Workers
(DBN)

Ford lays off 700 who were building electric F-150
(DBN)

Half of Bandcamp's 120-person staff laid off following second sale in 18 months
(DBN)

Rolls-Royce to Reduce 2,500 Jobs to Extend Efficiency Drive
(DBN)

Navistar Defense in West Point expects to layoff hundreds
(DBN)

UW Oshkosh lays off 140
(DBN)

Crypto Firm Coinhouse Slashes Workforce 15%
(DBN)

Stack Overflow lays off over 100
(DBN)

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Politics:

Iowa attorney general endorses Trump
(DBN)

Jim Jordan skeptics begin lining up behind his House speaker bid Jordan builds Speakership momentum as opposition falls Jim Jordan has a plan to avert a shutdown if he becomes House speaker. Will it work? Vulnerable Republicans face a moment of reckoning with Jim Jordan speaker vote Holdouts could blunt Jordan’s momentum as House braces for Speaker floor vote Inside the pressure campaign to get Jim Jordan the House speaker gavel 'Hasn't passed a single bill': Jim Jordan shamed for record in Congress
(DBN)

The GOP Is Burning Down the House
(DBN)

Some House Republicans try to change the rules so losers become winners
(DBN)

Senators flummoxed, ‘horrified’ by House leadership vacuum
(DBN)

Trump is crushing his GOP competition in polls — and cash
(DBN)

Trump vows to expand his travel ban to Gaza
(DBN)

Donald Trump Jr. tells U.S. followers to buy AR-15s to defend against Hamas paragliders
(DBN)

DeSantis takes heat for calling all Palestinians antisemitic
(DBN)

2024 GOP candidates: U.S. should reject Gaza refugees
(DBN)

Israel-Hamas Conflict Spills Over in Newsroom Shouting Matches
(DBN)

Third GOP primary debate will be hosted by NBC News on Nov. 8
(DBN)

First flight from Israel arrives in Florida after DeSantis order
(DBN)

Divisions emerge between 2024 Republicans over Israeli-Palestinian conflict
(DBN)

Trump knocks ’60 Minutes’ after Biden interview: ‘Each question contained the answer’
(DBN)

Biden campaign joins Trump’s Truth Social platform
(DBN)

Democrats Pressure Biden to Call for Israel to Back Down
(DBN)

Arab Enclave Near Detroit On Edge Over Israel-Hamas War
(DBN)

Newsom plays the political long game ahead of 2024 and beyond
(DBN)

Tim Scott super PAC cancels its planned fall ad buy
(DBN)

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Tech:

It is 'nearly unavoidable' that AI will cause a financial crash within a decade, SEC head says
(DBN)

US to Miss Deadline to Avoid New Digital Services Taxes, Yellen Says
(DBN)

Social media firms scramble to curb wartime misinformation
(DBN)

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Healthcare:

Medicare Advantage keeps growing. Tiny, rural hospitals say that's a huge problem
(DBN)

Life expectancy gap in America widens depending on college education
(DBN)

America's highest gun death rates are in the South
(DBN)

Vaccine hesitancy increasing among pregnant women, a CDC report finds
(DBN)

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Economy:

American Work-From-Home Rates Drop to Lowest Since the Pandemic
(DBN)

The U.S. government's interest bill is skyrocketing
(DBN)

Top economists unanimous on ‘higher for longer’ rates as inflation threats linger
(DBN)

It's Getting Too Expensive to Have Fun
(DBN)

Americans are saving less — and that's great for the economy
(DBN)

The numbers are in: Here’s how big your raise is likely to be next year
(DBN)

Top-Earning US Men See Wage Growth After 35 Even as Others See It Fade
(DBN)

U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
(DBN)

53% of Gen Z see high cost of living as a barrier to success. They’re ‘buckling down,’ expert says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Preliminary 2024 Housing Forecasts
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.31% in September"
(DBN)

Home Sales on Track for Slowest Year Since Housing Bust
(DBN)

Home Sales on Track for Slowest Year Since Housing Bust
(DBN)

Housing October 16th Weekly Update: Inventory increased 1.8% Week-over-week; Down 3.5% Year-over-year
(DBN)

Commercial real estate will see 'a lot of things breaking' and is one of the reasons the Fed will stop raising rates, market veteran says
(DBN)

"Nepo-homebuyers": 38% of young buyers use family money for down payments
(DBN)

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Municipalities:

The Man Who Owns Flint
(DBN)

What Happened to San Francisco, Really?
(DBN)

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Oil/Gas:

Oil Freight Has Surged Everywhere Since Hamas Attacked Israel
(DBN)

Gasoline Margins Dip Into Negative in US With Fuel Weakness Mounting
(DBN)

Oil Poised To Become U.S.’ Single Largest Export Product
(DBN)

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Labor:

In rare move, Ford chairman calls on UAW to make a deal and end ‘acrimonious’ talks Ford scion: UAW strike puts "future of the American automobile industry" at stake Bill Ford Says U.A.W. Strike Is Helping Tesla and Toyota
(DBN)

More than 330K striking Americans help unions flex power
(DBN)

St. Lawrence Seaway workers vote in favor of strike if no deal reached by Oct. 21
(DBN)

District Says Fresno Teachers Contract Proposal Would Bankrupt Budget Reserves by Year 3
(DBN)

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Crypto:

Bankman-Fried needs Adderall to testify, defense requests delay in trial
(DBN)

Singh Testifies He Was Always ‘Intimidated’ by SBF
(DBN)

Sam Bankman-Fried’s legal peril deepens as his defense comes up short
(DBN)

Sam Bankman-Fried jury is shown a photo of the FTX founder hanging out with Katy Perry, Orlando Bloom and Kate Hudson at the Super Bowl
(DBN)

Former FTX executive says he was ‘embarrassed and ashamed’ of its excess
(DBN)

Former FTX engineer tells jury about panicky rooftop meeting where he learned how bad things were
(DBN)

Bankman-Fried Was a Bad Friend Too
(DBN)

Former FTX exec testifies that SBF lashed out at criticism of company spending Sam Bankman-Fried's lieutenant Nishad Singh said he was embarrassed by 'flashy' FTX spending
(DBN)

Binance to Restrict New UK Customers From Using Crypto Exchange
(DBN)

FTX customers could get $9B shortfall claim payout by mid-2024
(DBN)

FTX Debtors Announce Settlement of Customer Property Disputes
(DBN)

Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
(DBN)

FTC Settles with Bankrupt Crypto Company, but Pursues CEO for Deceptive FDIC Claims
(DBN)

BlockFi's Lending Relationship With FTX and Alameda Research Hastened Its Downfall
(DBN)

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Education:

The Huntsman family says it's cutting off its mega-donations to University of Pennsylvania over 'antisemitism' UPenn loses big donor, board member resigns citing ‘antisemitism’ UPenn in crisis over antisemitism allegations
(DBN)

Wexner Foundation Pulls Support From Harvard Over Response to Hamas Attack
(DBN)

Donors are latest to punish Harvard over response to students’ Israel critique
(DBN)

University presidents unite in support of Israel
(DBN)

A man wished torture and death on a school administrator, says words aren't 'extreme'
(DBN)

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Tax:

Pritzker Says He’d Veto Any Chicago Financial Transaction Tax
(DBN)

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Fraud:

Fake airline reps are helping disgruntled passengers rebook flights in the latest bizarre X scam
(DBN)

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Food/Beverage:

Kroger, Walmart fruit supplier files for Chapter 11
(DBN)

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Banking:

What the Proposed Resolution Plan Rule Means for Smaller Banks
(DBN)

Bank of America tops profit estimates on better-than-expected interest income
(DBN)

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Diamonds:

Glut Of Synthetic Diamonds Sparks Trouble For Lab-Grown Producers
(DBN)

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Personal Finance:

More than half of Americans say these are the three most valuable money lessons
(DBN)

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Student Debt:

Some of the nation’s top colleges are eliminating student loans
(DBN)

More Than 400,000 Student Loan Borrowers Had Wrong Monthly Payments
(DBN)

Student loan payment pause is dead. Bankruptcy protection shouldn’t be.
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Rite Aid Bankruptcy Shows Defaults Going From Bad to Worse
(DBN)

How Economic Fluctuations are Impacting Turnaround & Restructuring Activity
(DBN)

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Bankruptcy Reform:

National Bankruptcy Conference letter to Congress on Ch. 15
(DBN)

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Standing:

Supreme Court Agrees to Consider Standing of Insurers in Chapter 11 Cases
(DBN)

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Means Testing:

Updated Census Bureau Median Family Income Data
(DBN)

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Mass Torts:

Ohio Governor Signs New Law Ensuring Full Compensation for Boy Scout Abuse Victims
(DBN)

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Aviation:

Creditors continue to question source of Jet Airways funding
(DBN)

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Climate:

Data: Global warming may be accelerating
(DBN)

Gulf Stream's Weakening Now 99% Certain
(DBN)

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Utilities:

PG&E’s plan to bury power lines and prevent wildfires faces opposition because of high rates
(DBN)

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Retailing:

Eight-Time GC at the Controls as Rite Aid Slides Into Bankruptcy Rite Aid's Tactic For Opioid Litigation: Bankruptcy Without A Deal Rite Aid Pulls a Purdue Pharma to (Sorta) Pick Its Judge Rite Aid Rushes Sale of Unit Over Objection of Mystery Suitor Rite Aid Bankruptcy Explained: Three Reasons Why Pharmacy Giant Failed How Rite Aid collapsed into Chapter 11 bankruptcy How Rite Aid’s Bankruptcy Could Affect the Beauty Industry Rite Aid Chapter 11 Bankruptcy Filing: Just What the Doctor Ordered Rite Aid Bankruptcy Latest Sign of Trouble at the Pharmacy Counter Rite Aid bankruptcy means pharmacies will keep dwindling What the Rite Aid bankruptcy filing means for customers, prescriptions What a restructured Rite Aid could look like Rite Aid Bankruptcy: A Corporate Tale Shrouded in the U.S. Opioid Crisis
(DBN)

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Sovereigns:

Ghana Asks Bondholders to Take Haircuts of as Much as 40%
(DBN)

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Canada:

Business Outlook in Canada Drops to Lowest Since Covid Shock
(DBN)


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UK:

Carillion Directors’ Disqualification Proceedings: A Cautionary Tale for All Non-Executive Directors
(DBN)

Denbighshire facing bankruptcy says leaked letter unless services and jobs cut
(DBN)

600 UK auto jobs at risk as Volta Trucks plans for bankruptcy
(DBN)

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Canada:

Pot industry calls for greater urgency in review of Cannabis Act
(DBN)

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MENA:

‘A very unique battle’: How geography could shape Israel’s expected ground offensive in Gaza Israeli Video Shows Savagery of Hamas Attack Israeli intelligence finds treasure trove of Hamas battle-plans revealing surprise attack Behind Israel's high-risk push to eliminate Hamas Mass graves, ice-cream truck mortuary as bodies pile up in Gaza Israeli Bid to Cast Hamas as ISIS Is Undercut by Gaza Death Toll From trance to terror: The Supernova music festival massacre Gaza humanitarian crisis grows as 500,000 people flee south Gaza aid stuck at border; Biden set to visit Israel Biden to meet Abbas, Egypt's Sisi and Jordan king in Amman Palestinian Americans stuck in Gaza are frustrated and tired of waiting to cross into Egypt The head of Gaza border crossings has been killed amid confusion over efforts to get civilians out and supplies in Egypt: Israel Not Cooperating on Gaza Aid See what life looks like in southern Gaza for evacuees Israel Announces Another ‘Safe Passage’ For Gazans to Move South The 50,000 pregnant women in Gaza face a ‘double nightmare,’ expert says Most in new poll want US to help Gaza civilians get out of harm’s way Horror as Israeli women tortured to death 'found naked with hands tied behind back' Israel Evacuates Border as Deadly Clashes Raise Fear of Second War Erupting Will Hezbollah ignite northern front? U.S. Prepares Troops for Potential Middle East Deployment Amid Rising Tensions Blinken makes US strategy on crisis in the Middle East clear ‘The responsibility is on me’: Israel’s security chief takes responsibility for Hamas terror attacks Biden warns Israel against occupying Gaza as ground invasion appears near Top US general makes surprise visit to Israel With humanitarian aid blocked at Egyptian border, Gaza draws closer to total collapse Hamas spokesman says the group has no plans to release hostages
(DBN)

Israeli Billionaire Quits Harvard Board After School’s Response to Hamas Attacks
(DBN)

70% chance Israel-Hamas war spreads beyond Gaza, threatening oil, strategist warns
(DBN)

Iran considers US 'militarily involved' in Israel's war with Hamas Fears grow for wider war in Middle East as Iran 'prepares' to intervene if Gaza is invaded Wall Street Journal reporters split over Iran story Iran Warns of 'pre-Emptive Action'
(DBN)

A landlord denied demanding a kidnapped Israeli woman's $600 a month rent after WhatsApp screenshots went viral
(DBN)

Qatar touts role as Western mediator as Hamas ties are scrutinized
(DBN)

BBC apologizes for saying pro-Palestine demonstrators were ‘backing’ Hamas
(DBN)

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Russia:

Putin claims Ukraine’s seeing ‘huge losses’ in troubled counteroffensive; Kyiv says it won’t be conquered
(DBN)

Yellen Tells European Officials Biden Will ‘Fight’ for Ukraine Aid
(DBN)

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China:

Evergrande wind-up hearing opens bumpy path towards liquidation
(DBN)

Country Garden draws closer to debt deadline, as default risk looms Country Garden: What happens next? Country Garden's entire offshore debt to be in default if Tuesday payment not made
(DBN)

Country Garden, Evergrande Set Up Two Tense Weeks for Creditors
(DBN)

China Local Governments Are Finding It No Longer Cheap to Borrow China tells banks to roll over local government debts as risks mount - sources
(DBN)

Xi’s $1 Trillion ‘Project of the Century’ Gets a Reality Check
(DBN)

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Mexico:

Mexico's Sinaloa Cartel Halts Its Fentanyl Production, Members Say
(DBN)

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India:

India’s top court declines to legalize same-sex marriage, saying it is up to Parliament
(DBN)

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Cayman Islands:

Revamped Cayman Islands restructuring regime takes shape
(DBN)

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Sweden:

Swedish Electric Vehicle Maker Volta Trucks Files for Bankruptcy
(DBN)

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Germany:

Angry Creditors Are Fighting Over a Crown Jewel of German Real Estate
(DBN)

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