October 24, 2023

The Daily Bankruptcy News

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Law:

Biglaw Is Looking 'Pretty Tepid' When It Comes To 2023 Finances
(DBN)

K&L Gates Settles Malpractice Case With Semiconductor Company
(DBN)

11 Years Later, Ex-Dewey Lawyers Are Doing as Well as Industry Peers
(DBN)

Biglaw Firm Facing Racial Discrimination Lawsuit From Former Senior Associate
(DBN)

Burger King Wants Sanctions On The Menu
(DBN)

How to Spot the Rainmaker: These Attorney Types Thrive in Business Development
(DBN)

US is Calling the Shots': The Power Shift That's Americanizing Freshfields
(DBN)

Fraud, Conspiracy Claims Persist Against BakerHostetler and Brown & Fortunato
(DBN)

Revealed: law’s most lucrative languages to boost salaries
(DBN)

White & Case is fastest-growing law firm in Africa since 2019, study finds
(DBN)

Attorney Goes On Pro-Hitler, Antisemitic Social Media Screed, Immediately Loses Her Job
(DBN)

Bank robber who became Georgetown Law prof faces new criminal charges
(DBN)

Disgraced Prosecutor Tells Ethics Trial That Sometimes Innocent Bystanders Can 'Go Home And Murder Their Spouse'
(DBN)

The New York Bar Exam Is Remarkably Consistent
(DBN)

'There are no victims, except me': Trump flips out on Letitia James in midnight rant
(DBN)

As 1 judge temporarily lifts Trump gag order, another says he’s ‘way beyond’ warning stage
(DBN)

‘He’s like a mob boss’: legal experts alarmed by Trump’s attacks on judges
(DBN)

Colorado voters seeking Trump's removal from ballot for Jan. 6 activities score a victory
(DBN)

After once-liberal lawyer pleads guilty in Trump RICO case, his law prof mentor offers explanation
(DBN)

Trump's Incendiary Rhetoric Costs Him in Courtroom, Risks Votes in 2024
(DBN)

How a contract with a law firm led to Sidney Powell's plea deal in Georgia: report Jack Smith Already Crushed Trump's Claim About Sidney Powell: Legal Analyst
(DBN)

The Donald Trump Ally Most Likely to Flip Next
(DBN)

Trump, Cohen to come face-to-face at New York fraud trial
(DBN)

Trump to argue presidential immunity shields him from paying E. Jean Carroll damages US court challenges Trump appeal in rape accuser E. Jean Carroll's case Appeals panel questions why ‘presidential immunity’ argument wasn’t pursued years ago in Trump case Taking Trump’s Presidential Immunity Briefing Seriously
(DBN)

Tapes of Aussie Billionaire’s Bragging Pull Curtain Back on Trump Presidency Trump denies telling 'red haired weirdo' Mar-a-Lago billionaire about classified info
(DBN)

New wave of antisemitic flyers in La Mesa, eastern San Diego condemned by Jewish leaders, other groups
(DBN)

Motive in Detroit synagogue president's slaying is 'very different than a hate crime,' police say
(DBN)

Roanoke attorney acknowledges billing errors amid sex-for-help allegations against judge
(DBN)

Latin American Leaders Agree to Boost Economy to Stop Migration
(DBN)

U.S. southern border crossings hit new highs amid humanitarian crisis
(DBN)

Missouri can’t ban enforcement of federal gun restrictions after Supreme Court denies emergency request
(DBN)

Poison control doctor fatally poisoned wife following 'infidelity': Affidavit
(DBN)

Woman's 'bizarre behavior' leads police to discover 8 kids she allegedly abducted
(DBN)

4 men broke into a truck and stole millions of dimes worth $234,500, federal authorities say
(DBN)

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Judges:

Court transfers lawsuits against Texas bankruptcy judge Jones A Legal Shakeup in Houston’s Corporate Bankruptcy Landscape
(DBN)

All-Biden Court Shows Partisan Shift in How Judges Get Confirmed
(DBN)

Former employees allege she faked cancer; bankruptcy judge rules she is credible
(DBN)

A Texas judge doesn’t want to marry gay couples. The Supreme Court will soon hear her case
(DBN)

The Ohio State Bar Association Certified Grievance Committee has filed a complaint against a probate judge for alleged conduct on Facebook
(DBN)

TX: Judge reprimanded after he interfered with a warrant for the seizure of cattle
(DBN)

Judge Gunned Down In Driveway; Judge Presided Over Lead Suspect's Divorce Police search for divorce litigant after fatal shooting of judge
(DBN)

Retired federal judge speaks about threats judges face after deadly attack in Maryland
(DBN)

The Judiciary Is Under Attack. Lawyers Have a Duty to Defend It
(DBN)

Trump’s Court Whisperer Had a State Judicial Strategy. Its Full Extent Only Became Clear Years Later.
(DBN)

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Wall Street:

Stock futures rise as investors await tech earnings
(DBN)

US stocks tumble as 10-year Treasury yield hits 5% for first time since 2007
(DBN)

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Layoffs:

Logistics company DHL lays off 264
(DBN)

Over 150 workers laid off from Tyson Foods facility
(DBN)

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Healthcare:

Millennials are facing an elder care crisis nobody prepared them for.
(DBN)

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Trucking:

Senators Intervene in Bankrupt Yellow’s $700 Million Federal Loan
(DBN)

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Labor:

UAW expands strike to Stellantis' Ram 1500 truck factory UAW expands strike as 6,800 autoworkers walk out at Michigan Stellantis plant Stellantis "outraged" after UAW expands strike to Ram 1500 truck plant
(DBN)

Nonunion Workers Are Playing a Big Role in the Autoworkers’ Strike
(DBN)

UAW strike loss grows to more than $9.3 billion, analysis shows
(DBN)

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Data Centers:

Bankrupt Cyxtera Looks to Sell Data Centers to Brookfield
(DBN)

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Healthcare:

Rural emergency hospitals try to find their footing
(DBN)

Radiology provider Akumin files for bankruptcy, seeking to cancel $470M in debt
(DBN)

Mercy, Preston Hollow deadlocked over definition of operating losses, freezing $29M sale
(DBN)

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Education:

Harvard Criticized by Klarman, Romney Over Campus Antisemitism
(DBN)

Larry Hogan latest to pull back from Harvard over student groups’ letter blaming Israel for Hamas attacks
(DBN)

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Climate:

Faster Melting of the West Antarctic Ice Sheet Is ‘Unavoidable’
(DBN)

Biden’s climate diplomacy hits ditch over funding
(DBN)

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Economy:

Retail credit card rates hit record high
(DBN)

Biden Picks Elizabeth Warren’s Chief of Staff as Brainard’s New Deputy
(DBN)

The Economy Was Supposed to Slow by Now. Instead It’s Revving Up - WSJ
(DBN)

New Age for Treasuries Means 6% Yield Isn’t ‘Out of the Picture’
(DBN)

A recession will hit next year, hammering stock prices and home values, Wall Street veteran predicts
(DBN)

Bill Gross Sees a Recession By Year End
(DBN)

A recession is about to hit the US economy. Here are 3 warning signs that defy consensus view, according to Raymond James
(DBN)

Gen Zers are 'increasingly drawn to simpler living.' Here's where they're moving.
(DBN)

The impact of soaring bond yields on US consumers in 4 charts
(DBN)

White House ups clean jobs tally as Biden feels heat on the economy
(DBN)

LA Port Traffic Increases in September
(DBN)

How to tell if your boss is a corporate psychopath
(DBN)

Immigration is good for economy and singularity raises worker concerns: Roubini
(DBN)

World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Americans have to pay 52% more to buy a home compared to renting
(DBN)

Mortgages will remain sky-high in 2024, pushing existing home sales to a 3-decade low, Goldman Sachs says Goldman Sachs Economists Expect US Home-Price Growth to Slow Next Year
(DBN)

Final Look at Local Housing Markets in September
(DBN)

Black Knight: Mortgage Delinquency Rate Increased in September
(DBN)

Housing October 23rd Weekly Update: Inventory increased 1.4% Week-over-week; Down 3.1% Year-over-year
(DBN)

Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market
(DBN)

These lawsuits could upend the real estate market
(DBN)

How Landlord Tech Is Squeezing Renters Who Can't Afford Security Deposits
(DBN)

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Oil/Gas:

The IEA Reiterates Its Peak Oil Demand Prediction IEA Predicts Global Emissions Peak in 2025 Global demand for oil, coal and gas set to peak by 2030, energy agency IEA says
(DBN)

It's Very Difficult for USA to Reload Strategic Petroleum Reserve
(DBN)

Oil prices would soar to $150 and market volatility would skyrocket in the most severe scenario for the Israel-Hamas war, EY chief economist says
(DBN)

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Retailing:

Rite Aid lost more than $1 billion in months before bankruptcy filing Bankrupt Rite Aid cleared to pay $138M it owes suppliers
(DBN)

National Clothing Retailer With 500 Stores 'Teetering On' Bankruptcy
(DBN)

Bankrupt Z Gallerie CEO says it will shut down all locations if it can’t find buyer and blames volatile housing industry
(DBN)

Another furniture retailer prepares to liquidate
(DBN)

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Batteries:

Biden-Backed Battery Firm Plummets After Pausing Construction
(DBN)

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Insurance:

Insurance companies have discovered devious new ways to rip you off
(DBN)

Vesttoo Creditors Say Bankrupt Israeli Insurance Startup Should Liquidate Vesttoo seeks time to deliver “value-maximizing transaction”, new business plan
(DBN)

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Fraud:

Nigeria Fends Off $11 Billion Award as London Judge Finds Fraud
(DBN)

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Sports:

Italy’s AC Milan Football Club Swung Back to Profit After 17 Years
(DBN)

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Radio:

JAM Media Solutions, owner of four Outer Banks radio stations, moved to Chapter 7 bankruptcy
(DBN)

Rocking M In Talks With Creditors About Sale Of Remaining Stations.
(DBN)

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Transportation:

'Super fog' causes 158-vehicle pile-up with at least 7 dead in south Louisiana: officials
(DBN)

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Religion:

Roman Catholic diocese warns fake priests are preying on California parishioners
(DBN)

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Politics:

7 of the 9 men running for House speaker voted to overturn the 2020 election results House speaker candidate cast doubt on 2020 election How each Speaker candidate voted in overturning 2020 election results The new speaker contenders to watch Freedom Caucus calls on Republicans to stay in Washington until Speaker is elected GOP senators pressure House to solve Speaker drama A Former House Moderate Republican Warns of Lasting Damage in Speaker Fight GOP speaker chaos: 9 Republicans will battle for top post Some speaker candidates have spoken with Trump as House remains in limbo Uncertainty looms for future aid to Ukraine and Israel as speaker drama continues Was the vote against Jordan an anti-MAGA turning point? GOP speaker candidates all agree to support eventual nominee
(DBN)

Trump compares himself to Nelson Mandela, fantasizes about punching Biden during New Hampshire pop up for GOP primary
(DBN)

Trump falsely claims US had no terrorist attacks during his term
(DBN)

Trump Bizarrely Declares ‘I Was Never Indicted’ After Being Indicted Four Times
(DBN)

Trump defiant as political and legal worlds collide
(DBN)

Team Biden is on a mission to convince voters Trump’s age is an issue too
(DBN)

Trump mixes up Turkish and Hungarian leaders
(DBN)

'I don’t think he can win': Sen. Tim Scott says Trump isn't electable in 2024
(DBN)

7 facts about Americans’ views of money in politics
(DBN)

Republicans worry key McCarthy spending promise is unraveling amid Speaker’s fight
(DBN)

'The left has really let us down.' Why many American Jews feel abandoned
(DBN)

Hundreds of Hollywood celebrities praise Biden’s handling of Israel-Hamas war
(DBN)

Another GOP ‘Bombshell’ About Joe Biden Turns Out To Be A Dud
(DBN)

Marjorie Taylor Greene Worries War Will Distract From Biden's Impeachment
(DBN)

Nick Fuentes is just the latest white supremacist embraced by Defend Texas Liberty
(DBN)

Washington state senator arrested in Hong Kong for carrying a gun through airport
(DBN)

Ramaswamy: U.S. pulling out of NATO is ‘reasonable,’ as is ‘reevaluating’ UN membership Trump Plots Against NATO for Second Term
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Property of the Estate:

Debtor Corp’s S Election: “Property” in Bankruptcy?
(DBN)

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Discharge:

Alex Jones Just Got A New Boss Forever, And It Is The Sandy Hook Plaintiffs
(DBN)

Debtor’s slipshod recordkeeping provides lesson for bankruptcy practitioners
(DBN)

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Aviation:

Air Methods Corp. Files for Chapter 11 Bankruptcy in Texas
(DBN)

Off-duty Alaska Airlines pilot charged with attempted murder after trying to shut down plane engines midflight Alaska Airlines pilot who was restrained after trying to shut off engines mid-flight had a 'mental breakdown': passenger What we know about the off-duty Alaska Airlines pilot accused of trying to shut off a plane’s engines mid-flight Stunned neighbors of Alaska Airlines pilot and 'fantastic father' Joseph Emerson come out in support of him
(DBN)

"Disruptive" Passenger Removed From Plane Kicked And Screamed For Over An Hour While Restrained
(DBN)

Jet Blue Plane Tips Back on Tail While Disembarking
(DBN)

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Tech:

Why is Elon Musk attacking Wikipedia? Because its very existence offends him
(DBN)

Moody’s to Start Letting Machines Help Write Analytical Reports
(DBN)

It Looks Like Twitter Is in Even Deeper Trouble Than We Thought
(DBN)

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Crypto:

FTX Creditors' Lawyers Promote Deal Giving Investors 90% of What's Left in SBF's Empire
(DBN)

Sam Bankman-Fried Proposes Financial Expert as Witness to Rebut DOJ Testimony
(DBN)

‘Oof’: Sam Bankman-Fried’s Trial Reveals Inside Details of How FTX Died
(DBN)

FTX Creditors’ fight for fair compensation amid bankruptcy
(DBN)

CFTC Charges Former Chief Executive Officer of Digital Asset Platform with Fraud in Massive Commodity Pool Scheme
(DBN)

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Consumer Goods:

Celebrity-Backed Baby Brand Hello Bello Files for Bankruptcy Baby brand founded by actors Kristen Bell and Dax Shepard files for bankruptcy after being torpedoed by high shipping and production costs
(DBN)

What a Diaper Bankruptcy Says About the Digital Ad Market
(DBN)

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Student Debt:

Some student-loan borrowers with private debt are being forced to make payments they don't owe, a federal watchdog says
(DBN)

For decades, filing for bankruptcy rarely helped with student loans. That’s changing.
(DBN)

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Sovereigns:

U.S. Treasury sees 'potential improvement' in sovereign debt cases
(DBN)

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UK:

Adler’s €6 Billion Debt Deal Faces Fresh Scrutiny in a UK Court
(DBN)

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EU:

As U.S. Debt Surges, Europe Brings Its Own Under Control - EU
(DBN)

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Canada:

Court-ordered charges under the Bankruptcy and Insolvency Act may rank before deemed trusts
(DBN)

Wearing the mantle of environmental obligations: Implications for secured lenders in Canada
(DBN)

Canada to Barely Escape Recession as Higher Rates Will Stick, Economists Say
(DBN)

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China:

Country Garden Creditors Seek CDS Ruling on Failure-to-Pay Event
(DBN)

Capital is leaving China at the fastest pace in more than 7 years, sending the yuan lower
(DBN)

China Is Facing Housing Market Disaster
(DBN)

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MENA:

Netanyahu angers Israel's military chiefs as he delays invasion of Gaza to eliminate Hamas, with western allies in the EU pushing for a ceasefire U.S. advises Israel to delay ground invasion for hostage talks Obama warns Israel that ignoring ‘human costs’ in Gaza could backfire Senate Democrat warns an Israeli ground invasion would ‘exacerbate’ conditions in Gaza IDF shares harrowing videos, photos of Hamas attack: 'It's things a person doesn't do' Israelis are lining up to buy guns in 'unprecedented' numbers with one shop staying open on the Jewish Sabbath due to demand: report Hostages and Hezbollah Force Israel to Rethink Gaza Ground War Two more Hamas hostages are released Is Giving $100M In Humanitarian Aid To Gaza A Good Idea? Can the U.S. keep aid to Gaza out of Hamas’ hands? 2,000 children killed in Gaza, aid group says, as doctors warn fuel shortage is a death sentence Son of Hamas founder says terror group wants to ‘annihilate the Jewish people and the Jewish state’ Hamas releases two more hostages Hamas terrorists: We were told 'whoever brings a hostage gets $10,000' Hamas 'abduction manual' shows that hostage-taking was a central aim of attack Names written on children’s bodies speak to the fears of Gazan parents Squad of female IDF combat troops eliminated nearly 100 Hamas terrorists Marine Corps 3-star general advising Israeli military on Gaza ground operation West Bank militancy surges as Israel steps up raids and arrests Top Biden official heads to Europe in push to cut off Hamas funding New York Times publishes note on coverage of Gaza hospital blast Israel Stretched Thin. Hezbollah Knows It How far would the US go to defend Israel? China urges Israel to abide by international law and protect civilians in Gaza
(DBN)

Israel Central Bank Cuts Growth Estimate as War Hits Economy
(DBN)

The US stands on the brink of global war with the Middle East and Asia
(DBN)

The Israeli towns where Jews and Arabs live side by side
(DBN)

Shekel’s Longest Rout Since 1984 Continues As Central Bank Stands Pat
(DBN)

Intelligence shows Iranian-backed militias are ready to ramp up their attacks against US forces in the Middle East
(DBN)

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Venezuela:

Venezuelan creditors say gov't-opposition deal helpful for debt restructuring Venezuela Creditors See Path Toward Debt Restructuring
(DBN)

Why Venezuela Is About to Lose Its Oil Crown Jewel
(DBN)

Delaware court will not seek to set minimum price in Citgo auction
(DBN)

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Russia:

US Seeks Forfeiture of Russian Tycoon’s $300 Million Superyacht
(DBN)

Turkey Sends Sweden NATO Membership Bill to Parliament
(DBN)

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India:

Insolvency and Bankruptcy Code prevails over Electricity Act
(DBN)

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Netherlands:

No restart for Big Bazar, bankruptcy sale looms
(DBN)

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Australia:

Small business requests for insolvency help grow sevenfold
(DBN)

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