October 17, 2023

The Daily Bankruptcy News

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Law:

Appeals court grants Alex Murdaugh victory in bid for new trial over jury tampering claims
(DBN)

Can AI Help Explain Bankruptcy Law?
(DBN)

The Law Schools That Provide The 'Most Value' For Students (2023)
(DBN)

Davis Polk Rescinds Offers to 3 Students at Columbia, Harvard for Statements on Israel
(DBN)

Top law firm rescinds job offers to Ivy League students who signed Israel letters
(DBN)

Buchanan Adds Michael Caruso to Bankruptcy Practice Group
(DBN)

Snell & Wilmer Welcomes Addition of J. Seth Moore As Bankruptcy Counsel
(DBN)

Lawyer Moves Through Q3 Drop for Second Year in a Row, but Still Outpace Pre-Pandemic Norms
(DBN)

What Industry Leaders Think of the A&O Shearman Result What Do Magic Circle Partners Think Of The A&O Shearman Merger? Not Much...
(DBN)

Lawyers asking for $1 billion-plus in massive PFAS settlements
(DBN)

NYU Student Who Lost Big Law Job Says Controversy a Distraction
(DBN)

Race, ethnicity, parents’ education level produce differing job outcomes for class of 2022 law grads
(DBN)

Standing by in case of ‘dystopian problems,’ court allows use of keyword search data to find suspects
(DBN)

Enough With The Diversity 'Consciousness Raising.' Let's See Some Action
(DBN)

After Being Threatened With Litigation, These Biglaw Firms Are Ready To Fight For Their Diversity Programs
(DBN)

Fox Rothschild, Susman Godfrey Are Possible DEI Lawsuit Targets
(DBN)

Even The Judge Doesn't Want To Deal With The Elon v. Wachtell Spat Arbitrators to Decide $90 Million Dispute Between Elon Musk and Wachtell Law Firm
(DBN)

Pras Michel of Fugees seeks new trial, contends former attorney used AI for closing argument
(DBN)

Trump attends N.Y. fraud trial despite Michael Cohen's absence
(DBN)

Trump committed egregious intelligence breach, ex-UK spy tells court
(DBN)

Jan. 6 'Bullhorn Lady' who reduced her crimes to window-breaking gets years in prison
(DBN)

DOJ appeals sentences of Proud Boys members
(DBN)

Trump on gag order in Jan. 6 case: ‘We’re being railroaded’ Judge cites ‘significant and immediate risk’ Trump comments pose in Jan. 6 case gag order All the people Donald Trump can't insult anymore or he'd risk violating court orders Trump appeals gag order in DC election case
(DBN)

Kari Lake Handed Another Legal Loss
(DBN)

Trump to be questioned in Strzok, Page FBI employee lawsuits
(DBN)

'Rust' prosecutors intend to bring involuntary manslaughter charge against Alec Baldwin
(DBN)

Iconic Jewish NYC deli vandalized with swastika
(DBN)

Exonerated man wrongly jailed in Florida for 16 years is killed by Georgia deputy during traffic stop
(DBN)

Former NFL star Antonio Brown arrested for allegedly failing to pay child support
(DBN)

Joran van der Sloot to reveal details of Natalee Holloway's death: lawyer
(DBN)

'We don't wear that in this country': NYC man punches Sikh teen in turban in suspected hate crime
(DBN)

Customer stabs Jack in the Box worker over closed dining area, California cops say
(DBN)

Hundreds gather for vigil mourning 6-year-old Palestinian-American boy who was stabbed to death near Chicago
(DBN)

Violent crime decreases to pre-pandemic levels, according to FBI
(DBN)

The myth of a U.S.-Mexico "open border"
(DBN)

Woman downs 48 oysters. Date heads for the door before the check
(DBN)

Cold case murder of nurse solved by linking killer's DNA to distant out-of-wedlock cousin
(DBN)

Hells Angels got rid of bodies at funeral home known as the 'pizza oven,' feds say
(DBN)

Man sentenced for killing neighbor he believed was 'hacking his network'
(DBN)

This Florida nurse’s killing remained unsolved for 3 decades. Now, DNA evidence connects the crime to her killer
(DBN)

Boy found in mom's trash wearing Spider-Man pants likely 'accidentally' shot himself: Cops
(DBN)

Remains of at least 189 people removed from Colorado funeral home, up from 115, officials say
(DBN)

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Judges:

Amy Coney Barrett States The Obvious: Supreme Court Ethics Code Is A 'Good Idea'
(DBN)

Amy Coney Barrett doesn't think women's perspectives change 'just by virtue' of gender
(DBN)

US Bankruptcy Judge Known for Reorganizing Major Real Estate Portfolios Resigns
(DBN)

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Wall Street:

Stock futures fall Wednesday as earnings season picks up steam
(DBN)

Wall Street's earnings recession may be over
(DBN)

Goldman Sachs CEO stops doing controversial DJ gigs
(DBN)

Goldman Strategists Warn Geopolitics Pose Risk to Stock Market
(DBN)

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Layoffs:

Layoffs hit coding community Stack Overflow as software engineers increasingly shift to AI for help
(DBN)

Lanxess Plans to Cut Almost 900 Jobs as Global Chemical Demand Drops
(DBN)

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Politics:

Jordan fails on first ballot of GOP speaker race House GOP’s top appropriator votes against Jordan GOP tensions reignite after Jim Jordan loses first House speaker vote These House Republicans voted against Jordan on first speaker ballot GOP’s Jim Jordan will try again to become House speaker, but his detractors are considering options Jordan’s speaker bid on the brink amid steep GOP opposition How conservative media figures helped to fuel the GOP speaker chaos
(DBN)

McConnell, GOP colleagues unveil bill to freeze $6B in Iranian assets More than 100 bipartisan lawmakers demand aggressive financial sanctions on Iran
(DBN)

McConnell pushes back on Trump over Hezbollah and Netanyahu: ‘I can’t disagree more’
(DBN)

Rep. Mike Waltz demands Bill Gates ban Hamas from Qatar Four Seasons
(DBN)

Trump Can’t Contain His Eruptions
(DBN)

Trump Slams Netanyahu Over Intel Failure
(DBN)

WH Calls Trump's War Response Revolting
(DBN)

Trump Gets Attacked By Flies During Speech — Makes Bizarre Claim About Pest Control Products
(DBN)

MAGA Rally Crowd Roars As Trump Floats Kicking Biden Officials Out Of The Country
(DBN)

Major Trump, DeSantis donor known for racist remarks dies in attempted murder-suicide
(DBN)

Democrats craft strategy to make GOP pay at the ballot box if Jordan is next speaker Democrats prepare to chain GOP to ‘far-right’ Jordan in 2024 New ad targets Jordan, Republican supporters over 2020 election, Jan. 6
(DBN)

Biden plans high-stakes Israel visit to keep war from escalating Biden's Middle East trip riskiest of his presidency
(DBN)

Republicans and Democrats agree on one thing: The Afghan war wasn’t worth it, AP-NORC poll shows
(DBN)

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Healthcare:

Health Insurance Premiums Now Cost $24,000 a Year, Survey Says
(DBN)

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Fraud:

The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion
(DBN)

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Economy:

Markets are misreading Fed officials' comments, and the central bank could still raise rates, analyst warns
(DBN)

Wall Street Worries Over Swelling US Debt Put Fed in Tight Spot
(DBN)

Industrial Production Increased 0.3% in September
(DBN)

Retail sales soar in September, continuing summer surge
(DBN)

Americans can’t (and won’t) stop spending in 2023
(DBN)

Roblox tells employees they have to come to office three days a week or take severance package
(DBN)

Return-to-office appears to be winning, with the proportion of people working from home dropping to its lowest level since the COVID-19 pandemic began
(DBN)

I quiet quit my job for over a year and it was great. I've watched millennials suffer and get screwed over, so I won't be sold a pipe dream.
(DBN)

How Companies Are Helping Employees Stuck Between Work and Caring for Aging Parents
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Lawler: Early Read on Existing Home Sales in September
(DBN)

US Mortgage Applications Hit 28-Year Low as Rates Keep Rising Mortgage demand falls to the lowest level since 1995 as interest rates near 8%
(DBN)

NAHB: Builder Confidence Decreased in October Homebuilder sentiment drops to 10-month low, as mortgage rates soar
(DBN)

The 30-year mortgage rate hits a new 23-year high, pushing closer to 8%
(DBN)

The Great Reset of Property Prices Is Underway. Brace for More Carnage.
(DBN)

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Oil/Gas:

Oil jumps as Iran steps up rhetoric against Israel
(DBN)

Billions to Plug Oil, Gas Wells Won't be Enough
(DBN)

Scientists lay out a sweeping roadmap for transitioning the US off fossil fuels
(DBN)

Stockholm bans diesel- and gas-powered cars from driving downtown starting 2025
(DBN)

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Education:

Wexner Foundation ‘sickened’ by Harvard’s response to Hamas attack, cuts ties with university
(DBN)

Billionaire Ronald Lauder threatens to pull funding if UPenn doesn’t do more to fight antisemitism
(DBN)

____________

Crypto:

When Bankruptcy Regulates Crypto: The Good, the Bad, and the (Really) Ugly
(DBN)

Sam Bankman Fried's "you took a plea deal" defense
(DBN)

Members of Sam Bankman-Fried’s inner circle are telling the same damning story about their former boss
(DBN)

The Sam Bankman-Fried Trial Is Revealing Crypto's Amateur-Hour Ways
(DBN)

Sam Bankman-Fried's lawyer says FTX investments were not 'reckless'
(DBN)

Why Binance, Coinbase, Ripple and Other Crypto Firms Cite the ‘Major Questions’ Doctrine During Legal Imbroglios
(DBN)

Winklevoss twins under fire for $282million withdrawal from crypto bank Genesis before it collapsed
(DBN)

Sam Bankman-Fried gave multi-million-dollar loan to top engineer Nishad Singh to splurge on 'egregious, unnecessary and selfish' $3.7M vacation home - despite fearing for FTX's finances just a month before crypto exchange collapsed
(DBN)

What’s Holding Crypto Back? It’s the Founders, Not Just Regulators
(DBN)

New proposal could see FTX creditors get up to 90% of what’s recovered in bankruptcy FTX Plans to Return 90% of Customer Funds, but There's a Catch
(DBN)

How African Students Became Victims of FTX’s Collapse
(DBN)

Lawmakers Press Biden on Plans to Prevent Use of Crypto in the ‘Financing of Terrorism’
(DBN)

____________

Tech:

CEO apologizes for Israel remarks after 4 days of backlash and conference dropouts
(DBN)

Microsoft CEO responds to anti-Israel demonstrations at universities, says Hamas terrorist attacks must be ‘condemned in the strongest possible ways’
(DBN)

Elon Musk’s X slammed over new ‘fee’ as users ‘forced to pay for series of basic features like tweeting and retweeting’
(DBN)

TikTok moms nurture 'detox for kids' misinformation
(DBN)

Congress scrambles to craft AI privacy rules as industry races ahead
(DBN)

____________

Retailing:

Why Drug Chains Are Closing Thousands of Stores
(DBN)

Rite Aid's bankruptcy plan stirs worries of new 'pharmacy deserts' Rite Aid Receives Court Approval of "First Day" Motions to Support Business Operations Bankrupt drugstore chain Rite Aid raises going concern doubts Lessons from Rite Aid’s bankruptcy announcement Rite Aid puts 78 leases, including 12 in Pennsylvania, up for sale
(DBN)

Kirkland, Rite Aid's Bankruptcy Counsel, Vilifies Chain's Longtime Drug Supplier, Says Its Plan to Walk Away Would 'Put Millions of Lives at Risk' Bankrupt Rite Aid Settles With Drug Supplier McKesson to Avoid Shortages
(DBN)

Shares of bankrupt Rite Aid plunge despite meme-stock chatter
(DBN)

Home-Decor Retailer Z Gallerie Files Third Bankruptcy, Seeks Sale Z Gallerie files for bankruptcy What the home industry loses with Z Gallerie in bankruptcy again Z Gallerie files for Chapter 11; looks for buyer
(DBN)

Retail Sales Increased 0.7% in September Retail sales rose 0.7% in September, much stronger than estimate
(DBN)

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Autos:

Great, Now Carvana is Selling Stolen Cars
(DBN)

GM to delay all-electric truck production at Michigan plant until late-2025
(DBN)

Lucid Air Production in Q# Collapse
(DBN)

Hearing today on LMC asset sale
(DBN)

Cruise Under Investigation for Hitting Pedestrians
(DBN)

Driving in Singapore Now Costs $115,000 Before Even Buying a Car
(DBN)

____________

Movie Theaters:

Taylor Swift’s ‘Eras Tour’ Film Ignites Debate Over Movie Theater Etiquette
(DBN)

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Celebs:

Britney Spears reveals abuse at hands of alcoholic dad who called her fat & turned her into ‘child-like robot’
(DBN)

Damning Allegations Against the Hero of Sound of Freedom
(DBN)

____________

Climate:

Triple-digit heat to put October record in jeopardy in Phoenix
(DBN)

Biden's 2030 Wind Goal Looks Like It Simply Won't Happen
(DBN)

Green Fees Overtake Fossil Fuels for Second Straight Year
(DBN)

____________

Trucks:

Volta Trucks Sees Its US Dreams Crumble As It Files For Bankruptcy
(DBN)

____________

Maritime:

‘No question’ that the decarbonization of shipping will contribute to inflation, says industry CEO
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Global Insolvency Outlook 2023-25: From maul to ruck?
(DBN)

______________

Mass Torts:

J&J weighs third bankruptcy to resolve tainted baby powder suits
(DBN)

Why did church take so long to admit New Orleans deacon was a child abuser?
(DBN)

Former Cosmetics Talc Supplier Files For Bankruptcy
(DBN)

No Third-Party Releases? But What About Fraudulent Transfer Claims and Derivative Claims? (Purdue Pharma)
(DBN)

____________

Aviation:

Charter airline based at Akron-Canton airport to reorganize under bankruptcy protection
(DBN)

United Airlines says pricier fuel, war in Middle East will weigh on profits
(DBN)

EasyJet flight canceled because of ‘defecation’ incident
(DBN)

____________

Utilities:

PREPA bond parties say disclosure statement is illegal, plan unconfirmable
(DBN)

____________

Convenience Stores:

Mountain Express Bankruptcy: A Jolt to the Convenience Retail Sector
(DBN)

____________

Agribusiness:

Prima Wawona files chapter 11 bankruptcy
(DBN)

____________

Labor:

Thousands of casino workers go on strike in Detroit
(DBN)

In big year for labor, California Gov. Gavin Newsom delivers both wins and surprises
(DBN)

One year after walking out, workers at the Pittsburgh Post-Gazette remain on strike
(DBN)

Autoworkers used to have lifelong health care and pension income. They want it back
(DBN)

____________

Fishing:

Lawyers for bankrupt Blue Harvest Fisheries 'cautiously optimistic' for an auction of vessels, fishing permits
(DBN)

____________

Pharma:

Life after Covid turns rocky for reshaped health-care businesses like Pfizer to Moderna
(DBN)

____________

Sovereigns:

Sri Lanka international bonds extend rally on creditor proposal
(DBN)

Ghana dollar bonds tumble as investors balk at debt overhaul plans
(DBN)

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UK:

'Hundreds' of local jobs at risk as Volta Trucks electric vehicle firm files for bankruptcy Body blow for Hull manufacturing firm as pioneering electric truck client files for bankruptcy
(DBN)

Executives at Carillion avoid trial
(DBN)

Inflation in UK unchanged at 6.7% in September, still way more than Bank of England's target of 2%
(DBN)

Thames Water Set to Pay Up for First Bond Since Industry Chaos
(DBN)

UK House Prices Eke Out Modest Increase in ‘Comatose’ Market
(DBN)

____________

EU:

How Brussels became the terror capital of Europe
(DBN)

Macron says 'Islamist terrorism' rising in Europe, all states at risk
(DBN)

Israel-Hamas War Is Stoking Fear and Divisions in Europe
(DBN)

____________

Canada:

Up in smoke: 5 years after legalization, cannabis use higher while companies burn out
(DBN)

____________

MENA:

Hundreds killed in Israeli airstrike on Gaza City hospital, Health Ministry says Medics speak surrounded by dead children from bombed Baptist Hospital as war of words erupts over who killed them IDF says assessment shows failed Islamic Jihad rocket launch caused Gaza hospital blast Biden says hospital blast in Gaza ‘appears as though it was done by the other team’ and not Israel Gaza’s doctors struggle to save hospital blast survivors as Middle East rage grows President Mahmoud Abbas cancels planned meeting with President Biden after hospital strike Gaza taps are running dry as water shortage reaches crisis point Who is Ismail Haniyeh? Senior Hamas leader who leads a lavish lifestyle in Qatar When Hamas Attacked, This Israeli Kibbutz Fought Back and Won White House has discussed U.S. military response if Hezbollah attacks Israel Pikuach nefesh: When is it the only option? Hezbollah announces 'day of unprecedented anger' against Israel, Biden's visit Israeli tanks add drone protection cages, a lesson from Ukraine war 80 years after WWII, Holocaust survivor escapes Hamas attack
(DBN)

Haley argues Middle East nations should take Gaza refugees King of Jordan tells Olaf Scholz: We won’t take refugees from Gaza
(DBN)

Mideast teeters on the brink of wider war as Iran ponders its options Iran's Guards commander warns of another shockwave if Israel does not end "atrocities" Iran Calls for Oil Embargo Against Israel Over Gaza Strikes
(DBN)

Saudi's crown prince snubbed the US Secretary of State by making him wait hours for a meeting before postponing it, report says
(DBN)

Joe Biden cancels Jordan visit, Palestinian summit with Egypt canceled Biden arrives in Israel day after hundreds killed in Gaza City hospital blast Hundreds waving Palestinian flags swarm US embassy in Beirut ahead of Biden’s Israel visit
(DBN)

Protesters Attempt To Storm Israeli Embassy In Amman
(DBN)

US issues 'do not travel' advisory for Lebanon and is allowing non-emergency personnel to leave after pro-Palestine protestors start a fire at the Beirut embassy forcing security to use tear gas to disperse the crowd Lebanon Knows It Is on the Edge of the Abyss
(DBN)

Middle East Bonds Fall as War Heaps Pressure on Emerging Markets
(DBN)

____________

Russia:

Inside Biden’s decision to secretly send longer-range U.S. missiles to Ukraine Ukraine uses secretly shipped U.S. missiles to launch surprise strike
(DBN)

Russia sending more forces in attempt to capture eastern Ukraine city
(DBN)

Ukraine marks 600 days of war as Russian assault wears on
(DBN)

Ukraine’s special forces use daring raids and distraction tactics in bid to free Crimea
(DBN)

Ukraine’s Risky Bet Pays Off With Ships Streaming to Its Ports
(DBN)

____________

Germany:

The German chancellor condemns a firebomb attack on a Berlin synagogue and vows protection for Jews Berlin synagogue attacked with firebombs as antisemitic incidents rise in Germany
(DBN)

____________

Brazil:

Brazil’s Bolsonaro Plotted Coup After Election Defeat, Congressional Probe Finds
(DBN)

____________

China:

Country Garden on Verge of First Default Amid Silence on Bond
(DBN)

Kaisa Creditors Reject Offshore Debt Restructuring Proposal
(DBN)

China Housing Shows Little Improvement Despite Support Measures
(DBN)

China’s Growth Beats Forecasts as Consumer Spending Strengthens
(DBN)

China’s Surprise on GDP Partly Due to Revisions, Economists Say
(DBN)

Maybe China’s Economy Isn’t So Doomed
(DBN)

China’s Strong GDP Report Shows Housing Remains a Big Problem
(DBN)

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