October 9, 2023

The Daily Bankruptcy News

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Law:

Legal jobs rebound amid US employment surge
(DBN)

Second major US law firm changes diversity fellowship after lawsuit
(DBN)

Blum-Led Group Drops Lawsuit Against MoFo After Firm Opened Diversity Fellowship to All Applicants
(DBN)

Former Texas lawyer, Chris Pettit, pleads guilty on six felony charges
(DBN)

Big Law Reaches For 'Seemingly-Random' Midmarket Deals 'That Aren't Random at All'
(DBN)

These public defenders are happy to ditch 'mountains' of paper in new documentary
(DBN)

Democratic US senators urge more funding to avoid public defender layoffs
(DBN)

Eight-Time GC at the Controls as Rite Aid Preps for Bankruptcy
(DBN)

St. Mary's Law Professor Accused of Raping Student Reinstated After Accuser Found 'Not Credible'
(DBN)

IRS lien hits Rudy Giuliani's Palm Beach condo; reports say he's worked a deal on tax bill
(DBN)

Jan. 6 rioter who smashed Capitol window with tomahawk axe sentenced to 7 years
(DBN)

Trump’s New York fraud trial offers preview of 2024 Cohen on Trump fraud trial: ‘There’s no way for him to escape this’ New York appeals court halts the process of breaking up Trump’s businesses but rejects stopping the trial
(DBN)

The fraught debate over whether the 14th Amendment disqualifies Trump, explained
(DBN)

Judge pauses litigation in classified docs case while mulling Trump's request for extension
(DBN)

Lawyers: 'MyPillow guy' out of money, can't pay How the My Pillow Guy Empire Unraveled
(DBN)

Judge refuses to drop Michigan fake elector charges after defendants called 'brainwashed'
(DBN)

Judge Aileen Cannon Hands Trump a Win in Delaying Mar-a-Lago Docs Case
(DBN)

Trump’s lawyers lay out hush money defense strategy
(DBN)

Hunter Biden will seek to dismiss federal indictment on gun charges
(DBN)

A SWAT raid caused $60,000 in damages. This innocent man has to pay the price
(DBN)

'The only option': Migrants say NYC remains best choice amid Adams' discouragement
(DBN)

Illinois gov asks for federal aid amid asylum crisis: "We need help"
(DBN)

Migrant Crisis Tests New Yorkers Who Thought They Supported Immigration
(DBN)

Record border crossings are a burden Biden carries into 2024 election
(DBN)

NYPD, LAPD, Miami cops deploy extra officers to Jewish areas, synagogues
(DBN)

No Charges for Cops Who Shot Man 57 Times
(DBN)

Disaffected Ex-Army Intel Officer Tried Brazenly to Sell Secrets to China, Feds Say
(DBN)

Police find 115 bodies at 'green' funeral home
(DBN)

Police dashcam footage from a fatal car crash involving Sen. Bob Menendez's wife appears to show a retired police chief speaking to cops on her behalf
(DBN)

A man convicted of child sex abuse served 5 years in prison. It cost him $600,000 to prove his innocence.
(DBN)

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Judges:

Lawsuit alleges undisclosed relationship involving federal judge that could cloud Corizon bankruptcy deal Bankruptcy Judge Jones Named in a Lawsuit Over Romantic Relationship With Local Lawyer
(DBN)

Legal experts shred Judge Aileen Cannon for granting Trump "delay"
(DBN)

Sam Bankman-Fried judge cracks jokes, loses patience with defense at FTX trial
(DBN)

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Wall Street:

 

Dow soars nearly 300 points Friday as stocks reverse sharp losses after hot jobs report
(DBN)

Wall Street's dream scenario is dead
(DBN)

Profit Warnings to Hit S&P 500 as High Rates Pinch Consumers
(DBN)

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Layoffs:

Fifth Circuit Revives WARN Act Case Against Private Equity Manager of Closed Business
(DBN)

SchoolMint cuts 14.5% of staff in a second round of layoffs this year, as the forecast for edtech startups looks uncertain
(DBN)

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Mail:

Postal Service to increase stamp prices again in 2024 due to ‘inflationary pressures’
(DBN)

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Food/Beverage:

How weight loss drugs like Ozempic could radically reshape the food business
(DBN)

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Autos:

Major car seller abruptly closing all US locations and filing for bankruptcy after CEO confirms difficult decision Online car seller Shift will shut down and file for bankruptcy, marking the death of yet another SPAC Shift Technologies, Inc. to File Voluntary Chapter 11 Petition
(DBN)

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Labor:

How a fight over two jobs pushed the dockworker union into bankruptcy
(DBN)

GM agrees to place EV battery manufacturing under UAW agreement
(DBN)

UAW wants pensions restored as members worry if 401(k) will be enough to retire
(DBN)

UAW holds off on widening strike citing 'significant progress' in talks
(DBN)

GM Faces Labor Woes in Canada as Union Seeks Deal Like Ford’s
(DBN)

Biden's support of labor has imperiled support from the business world
(DBN)

What's next in the Kaiser Permanente health care worker strike
(DBN)

Labor Leaders Despair Over Newsom’s Veto of Unemployment Benefits for Strikers
(DBN)

Walgreens employees planning walkouts over pharmacy working conditions: source
(DBN)

UAW workers reject Mack Trucks contract offer and vote to go on strike
(DBN)

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Tax:

Two Supreme Court Cases Could Change the Tax Landscape
(DBN)

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Climate:

2023 May End Up Hottest Year Ever
(DBN)

Newsom signs first-in-the-nation corporate climate disclosure bills
(DBN)

UK Moves Closer to Mandatory CO2 Disclosures With New Guidance
(DBN)

Deforestation is Killing the Amazon
(DBN)

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Retailing:

Beloved discount retailer faces significant bankruptcy risk
(DBN)

Showfields Restructuring, Gets New Financing
(DBN)

How Neiman’s Transformation Is Working Out
(DBN)

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Food/Beverage:

Ozempic For Weight Loss Is Disrupting Companies' Business Model
(DBN)

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Trucking:

Yellow's Bankruptcy Sparks a Battle to Reset Trucking Competition
(DBN)

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Gambling:

Boom town: Ranking the casino implosions along the Strip
(DBN)

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Economy:

U.S. employers added a surprisingly strong 336,000 jobs in September in a sign of economic resilience U.S. economy adds staggering 336,000 jobs in September September Employment Report: 336 thousand Jobs, 3.8% Unemployment Rate Comments on September Employment Report Why markets shouldn't sweat the blockbuster jobs report
(DBN)

Even as job creation surges, Americans still think the economy stinks. Here's why
(DBN)

US Inflation Seen Corroborating Higher-for-Longer Fed
(DBN)

Crisis not averted — child care worries intensify
(DBN)

Meet the typical hybrid worker: millennial men making 6 figures who would never come into the office on a Friday
(DBN)

Wall Street Isn't Sure It Can Handle All of Washington's Bonds
(DBN)

The U.S. Economy's Secret Weapon: Seniors With Money to Spend
(DBN)

The bond market meltdown is going to get worse before it gets better
(DBN)

Q3 GDP Tracking: Moving on up!
(DBN)

‘The war on poverty has become a war on the poor’
(DBN)

Texas will have an $18.6 billion surplus and avoid a recession, comptroller projects
(DBN)

AAR: September Rail Carloads and Intermodal Increased Year-over-year
(DBN)

Wholesale Used Car Prices Increased 1.0% in September; Down 3.9% Year-over-year
(DBN)

1st Look at Local Housing Markets in September; Early Reporting Markets suggest Sales at New Cycle Low in September
(DBN)

Indian Americans now largest Asian American group in U.S.
(DBN)

Oil prices shoot up and US stocks decline as Hamas' attack on Israel rattles markets
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Redfin CEO issues dire warning on US's 'rock bottom' real estate market: The 'American dream' is in trouble
(DBN)

Homebuyers feel locked out as prices soar and mortgage interest rates hit new highs
(DBN)

What Really Took Down Airbnb in NYC
(DBN)

What If WeWork’s Lease Talks Fail? Here’s What Happened to Other Coworking Firms Office space provider WeWork evicts tenants amid debt crisis
(DBN)

Get ready for 8% mortgages
(DBN)

Fraudster gets 10 Years in nationwide foreclosure rescue scheme
(DBN)

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Oil/Gas:

UN: End Fossil fuel Exploration by 2030
(DBN)

OPEC Boosts Oil Demand Forecast to 2045 Despite Climate Crisis
(DBN)

Exxon’s Shale Boss in Texas Jail on Sexual Assault Charge
(DBN)

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Hotels:

Hotels: Occupancy Rate Increased 0.8% Year-over-year
(DBN)

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Politics:

How Do Americans Feel About Politics? ‘Disgust Isn’t a Strong Enough Word’
(DBN)

‘An end of American democracy’: Heather Cox Richardson on Trump’s historic threat
(DBN)

Special election wins fuel Democrats’ hopes ahead of 2024
(DBN)

From Fringe to Center of GOP, Jordan Remains Hard-Liner Trump endorses Jim Jordan as next House speaker House GOP lawmakers shrug off Trump's speaker endorsement Christie: Republicans who support Trump for Speaker want to ‘kiss his rear end in public’ No end in sight for GOP chaos ahead of divisive speaker’s race House lawmakers discuss how to address intelligence briefings on Israel without speaker Majority of Americans — and even the majority of conservatives — support McCarthy's ouster Centrist GOP effort to reinstate McCarthy picks up steam after Israel attacks Televised GOP speaker forum collapses after internal uproar 9 questions about Kevin McCarthy’s downfall and House GOP chaos, answered Curveballs keep coming in already-unprecedented Speaker’s race Hern announces he won’t seek Speakership, citing need for party unity Inside the bipartisan deal that might have saved Kevin McCarthy Some in GOP Try to Reinstate McCarthy Biden's team worried House chaos might impact aid to Israel McCaul says having a Speaker is necessary to replenish Iron Dome support for Israel Tom Cole: McCarthy’s ‘cuts’ deal with conservatives now void Senate GOP divided over race to replace McCarthy
(DBN)

Many GOP anti-Trumpers are throwing in the towel
(DBN)

Tuberville won’t bend on military blockade amid Israel crisis
(DBN)

New York governor condemns pro-Palestinian rally
(DBN)

Haley says Trump’s remarks on Milley were ‘irresponsible’
(DBN)

Trump, GOP rivals move in on Iowa with 100 days to caucuses
(DBN)

Biden vows ‘rock solid and unwavering’ support for Israel following Hamas attacks War in Israel tests Biden's foreign policy case for 2024 Biden administration scrambles to deter wider Mideast conflict Biden tells Netanyahu military aid "now on its way" to Israel with more to come
(DBN)

U.S. demands condemnation of Hamas at UN meeting, but Security Council takes no immediate action
(DBN)

NYC pro-Palestine rally splits Democrats over Israel
(DBN)

Trump: Israel attack results of U.S. being seen as ‘weak and ineffective’
(DBN)

GOP presidential contenders blame Biden for Hamas attacks on Israel RNC chair: 'Great Opportunity' for Republicans
(DBN)

House committee heads prepare bipartisan pro-Israel measure
(DBN)

Lawmakers want to help Israel, but political chaos means it won’t be fast
(DBN)

George Conway on Trump rhetoric: ‘He’s getting worse’
(DBN)

RFK Jr. set to speak at CPAC event MAGA readies attacks on RFK Jr. as spoiler anxiety grows
(DBN)

GOP Seems to be OK with Gen. Milley's Execution
(DBN)

Impeachments and forced removals from office emerge as partisan weapons in the states
(DBN)

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Crypto:

The Judge Is So Fed Up With Sam Bankman-Fried’s Lawyers
(DBN)

The First Week of Sam Bankman-Fried’s Criminal Trial Sam Bankman-Fried's trial: five key moments from the first week
(DBN)

Sam Bankman-Fried stole customer funds from the beginning of FTX, exchange's co-founder tells jury Gary Wang, a FTX Founder, Says Sam Bankman-Fried Steered Misuse of Funds
(DBN)

'Oops': What FTX staff wrote on spreadsheet showing $20 billion in losses
(DBN)

Sam Bankman-Fried wanted to shut down trading firm Alameda weeks before FTX bankruptcy, says cofounder Gary Wang
(DBN)

Sex, Signal messages and sabotage: SBF’s top execs and Bahamas roommates tell all in court
(DBN)

Sam Bankman-Fried $500M Anthropic stake irrelevant to case, prosecutors say
(DBN)

Sam Bankman-Fried's reassurances about FTX were false, ex-lieutenant testifies
(DBN)

Pro-XRP lawyer John Deaton slams Sam Bankman-Fried sympathizers
(DBN)

Kevin O'Leary reveals what investors 'missed' about Sam Bankman-Fried prior to FTX's historic collapse
(DBN)

The FTX Trial Is An Opportunity For Better Regulation Going Forward
(DBN)

3AC fugitives in disarray
(DBN)

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Religion:

The world's departure from organized religion
(DBN)

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Fraud:

SEC sues James Biden’s former business associate
(DBN)

From Lawyer to Launderer: Texas Attorney Pleads Guilty to Fraud
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Fall of the zombies? Why corporate failures could surge in 2024
(DBN)

Rising corporate bankruptcies and debt defaults are another headwind for the economy, experts warn
(DBN)

Big-Company Bankruptcies Hang Over Economy - WSJ
(DBN)

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Mass Torts:

Why the J&J bankruptcy case is a warning for other companies
(DBN)

The hypocrisy of the Archdiocese of Baltimore
(DBN)

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Bankruptcy Strategy:

How Middle Market Companies Can Avoid a Liquidity Crisis
(DBN)

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Corporate Governance:

“The Context Is Different” – Court of Chancery Opinion Blesses Implied Covenant Gap Filling in LLC Agreement
(DBN)

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Aviation:

Air Travel Is Back to Pre-Pandemic Levels With New Turbulence Ahead
(DBN)

Major airlines suspend Israel flights after attacks American Airlines Union Tells Pilots to Refuse to Fly to Israel
(DBN)

Keen to keep aircraft lessors’ faith in India: Centre
(DBN)

Supreme Court to Hear Jet Airways Lenders’ Plea Against NCLAT’s Order Favoring Jalan-Kalrock Consortium
(DBN)

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Tech:

Elon Musk deletes tweets promoting antisemitic and fake news accounts as reliable sources of information on the war in Israel
(DBN)

Elon Musk flags Iranian supreme leader’s post on Hamas attack on Israel
(DBN)

Amazon’s Alexa has been claiming the 2020 election was stolen
(DBN)

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Tourism:

A traumatized Maui will soon resume selling paradise to tourists
(DBN)

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Healthcare:

Oct 6th COVID Update: Deaths and Hospitalizations Increased
(DBN)

Judge lets Oklahoma ban on gender treatments for minors take effect
(DBN)

U.S. cancer centers report fewer drug shortages, but crisis continues
(DBN)

Partisan views on COVID vax harden post-pandemic
(DBN)

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Student Debt:

Even for high earners, student loan repayment is crushing
(DBN)

How Biden forgives student debt despite the Supreme Court ruling
(DBN)

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Sovereigns:

Distressed Debt Anxiety Is Spreading Across Emerging Markets
(DBN)

Africa Is Front and Center at IMF as US-China Rivalry Heats Up
(DBN)

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UK:

Consultants appointed to help 'bankrupt' Birmingham City Council out of its financial troubles can charge up to £8,900 per day
(DBN)

Enfield Council says there is no evidence it will go bust
(DBN)

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Canada:

Eco-friendly grocery stores suffering amid affordability crisis
(DBN)

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MENA:

Israel's Netanyahu: ‘We are at war’ Israel formally declares war as leaders vow to wipe out Hamas and take full control of Gaza Over 700 Israelis murdered in Hamas massacre Grief and anger in southern Israel as fight against militants continues Bodies of 260 revellers killed in Israel festival massacre are piled on top of each other Horrified rescuers find 260 bodies at Israel music festival after Hamas terrorists ‘cut power and started opening fire’ 'Nobody could help us' - Shock and anger in Israel's Ashkelon Death toll rises in Israel and Gaza as fighting rages: What to know Israel orders 'complete siege' of Gaza as rocket attacks continue Israel orders 'complete siege' on Gaza, cuts electricity, blocks food, fuel Things are about to get much worse in the war between Israel and Hamas The IDF says it recaptured its territory near the border as it launches airstrikes and gathers forces Respected leader of Israel's secretive 'Ghost' commando unit is killed fighting Hamas Israeli soldiers battle to drive out militants as fighting rages for a second day How Israel was duped as Hamas planned devastating assault Netanyahu vows: Revenge like 'never known' Why Did Hamas invade Israel McCarthy on Israel attack: ‘This is their Pearl Harbor’ The significance of why Hamas chose to attack Israel now ‘Humiliated and defeated’: Fear, shock grip Israel after Hamas assault Hamas Has Started a War They Can't Win This Will Be a Pyrrhic Victory for Hamas Israel’s high-tech spies and $1bn Iron Dome defenses failed to stop Hamas massacring civilians in ’embarrassing failure’ Iran Helped Plot Attack On Israel Over Several Weeks ‘The Guest’: the Palestinian mastermind behind deadly Israel incursion A world split by Middle East massacre: Western nations show support for Israel - while others desecrate its flag and applaud onslaught in solidarity with Hamas Muslim preacher praises Palestinian terrorists as western Sydney crowd chants 'Allahu Akbar' after hundreds of Israelis were murdered and kidnapped in Hamas sneak attacks Pro-Palestinian rally met by Israel supporters in Midtown as Hochul slams ‘abhorrent’ demonstration after Hamas attack Iran’s Raisi speaks to Hamas, Islamic Jihad as Tehran hails terror onslaught as ‘victory’ Now Missiles From Lebanon Threaten to Blow Up Wider Israel War The US will send a carrier strike group to the Eastern Mediterranean in support of Israel Biden directs ‘additional assistance’ to Israel Defense Forces after call with Netanyahu In response to surprise Hamas attacks from land, air and sea, Israeli military mobilizes forces and strikes Gaza This Gaza war didn’t come out of nowhere Why Hamas Decided to Defy Israel Palestine defends attack on Israel Today Is Israel’s 9/11 Israeli ambassador says there’s ‘time to investigate’ security failures after war Hundreds dead and injured after massive Hamas attack and immediate Israeli reprisals Israel confirms Hamas holds military, civilian hostages in Gaza Israeli general says Hamas crossed "point of no return" with kidnappings Disturbing video shows a 25-year-old woman begging Hamas fighters not to kill her as she's taken hostage and driven into Gaza on a motorbike Israelis Taken Hostage Were Ripped From Everyday Activities Israel would need a massive ground assault with tanks to rescue hostages in Gaza that would be a 'bloody mess' and devastate civilian areas, retired 4-star general says Israel blitz Hamas with fresh barrage of airstrikes & vows to reduce Gaza to ‘rubble’ in revenge for terror bloodbath Israel warns of long war with Hamas NBC's Raf Sanchez reports Israel appears to be preparing a ground offensive A ‘Pearl Harbor’ moment. Why didn’t Israel’s sophisticated border security stop the attack? US airlines cancel and divert Israel-bound flights Video appears to show Hamas taking woman hostage near Gaza Palestinians reportedly capture Israeli tanks Towers collapse as high-rise hit in Gaza Zelensky on Israel attack: ‘everyone who values life must stand in solidarity’ Saudi Arabia, Qatar, Iran say Israel has only itself to blame for Hamas attacks Hamas attack delivers major blow to Biden's push for Saudi-Israel normalization Iran’s support for Hamas fans suspicion it’s wrecking Israel-Saudi deal Iran praises Hamas as attack reverberates around Middle East The ghosts of Gaza Why Biden has ‘no alternative’ to Netanyahu Hamas may have taken up to 100 Israeli hostages into Gaza Naked woman paraded by jeering Hamas fighters American citizens killed, abducted 11 Thai nationals grabbed Blinken says world "should be revolted" by Hamas attack on Israel Esper predicts Israel ‘intelligence failure’ will have ripple effect ‘There’s Going to Be a Lot of Soul-Searching in Israel When This Is Over’ US to send F-35 and F-15 jets to the Middle East to deter expansion of fighting beyond Israel's borders How big is this going to get? What to watch for in the Israel-Hamas battle Hamas’ Attack on Israel: Unraveling the Potential Economic Fallout Israel-Related Stocks Under Pressure After Hamas’ Shock Attack
(DBN)

2,000 dead in powerful earthquake and aftershocks in Afghanistan
(DBN)

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Russia:

Ukrainian attacks force Russia to relocate Black Sea fleet
(DBN)

Russian Attacks Are Edging Closer and Closer to NATO Territory
(DBN)

Ukraine battles to shape the narrative on its grueling counteroffensive
(DBN)

Russia is using bags of cash and diamonds to avoid sanctions and fund its weapons program, expert says
(DBN)

Why the GOP Extremists Oppose Ukraine
(DBN)

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China:

Schumer accuses Chinese firms of 'fueling' fentanyl crisis
(DBN)

Schumer Rips China Response to Israel-Hamas War on Beijing Trip China Reiterates Two-State Solution Needed for Israel, Palestine
(DBN)

Evergrande Creditors Call Pulled Debt Plan ‘Complete Surprise’
(DBN)

Lukewarm China Holiday Home Sales Underscore Economic Woes
(DBN)

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Brazil:

End of an Era: Brazil’s Largest Bookstore Chain, Saraiva, Declares Bankruptcy
(DBN)

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