September 14, 2023

The Daily Bankruptcy News

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Law:

Ex-Biglaw Partner Pleads Guilty In Bankruptcy Fraud Case
(DBN)

4,000 Elite Law School Students & Alumni Get Accidental Email... And Then Create Hours Of 'Reply All' Chaos
(DBN)

The IRS Will Use Artificial Intelligence To Help Pick Which Large Law Firms To Audit
(DBN)

Sacks Weston Set to Continue Operations for the Next Month, Court Rules
(DBN)

The Highest-Paid GCs In New York (2023)
(DBN)

Tribal company sues Greenberg Traurig, alleging financial misdeeds
(DBN)

Gibson Dunn Second Biglaw Firm To Cower From Threatened Affirmative Action Suit
(DBN)

After experiencing ‘the pit,’ Walmart litigation chief quits law practice at age 47
(DBN)

In ‘watershed moment,’ report recommends new guidelines for public defender caseloads
(DBN)

Judge Cannon warns of 'penalties' for Trump as she bans him from taking classified documents to Mar-a-Lago Judge limits Trump's classified info discussions in special counsel case
(DBN)

An appeals court will consider Trump’s presidential immunity claim in sex abuse case
(DBN)

Trump, Meadows offer quid pro quo on speedy trial to sever Georgia election case from co-defendants Here Are Trump's 18 Co-Defendants in the Georgia 2020 Election Case Georgia DA proposes to try Donald Trump, 18 co-defendants Oct. 23, despite Trump's opposition
(DBN)

Trump thinks he can sway jurors, but a criminal jury is an audience unlike any he’s faced before
(DBN)

Meadows suffers legal setback in effort to pause possible Georgia conviction
(DBN)

Chesebro, Powell seek to scrutinize evidence in Georgia election case
(DBN)

Jan. 6 Rioter Defiant in Court on Sentencing 'The Donald' forum user gets more than 6 years in prison for battling officers at Capitol riot
(DBN)

The Stunning Fall of the Proud Boys Leader Are the Proud Boys over, or just getting started?
(DBN)

McConnell didn’t reply to Romney’s text warning about Jan. 6: book
(DBN)

Lawyer hired to investigate enemies of Texas AG’s friend was misled and never paid, he testifies Why Is a Midland Billionaire Spending So Heavily to Support Ken Paxton? Prosecution Rests in Paxton Impeachment Who’s who in the Ken Paxton impeachment trial, from key participants to potential witnesses
(DBN)

Fugitive Danelo Cavalcante apprehended by Pennsylvania police after weeks-long hunt The escaped Pennsylvania inmate was finally taken down after a massive two-week manhunt by a police dog that bit him on the head
(DBN)

Reward money increases as hunt for escaped D.C. homicide suspect continues
(DBN)

The unconstitutional plan to stop women from traveling out of state for an abortion, explained
(DBN)

Hunter Biden sues former Trump aide Garrett Ziegler over infamous laptop FBI official refutes top GOP claims on Hunter Biden investigation Threats mount against prosecutors and FBI agents working on Hunter Biden probe
(DBN)

Federal Judge Declares DACA Illegal
(DBN)

Texas Governor Says Rio Grande Barriers Blocked By Court Were Border Patrol’s Idea
(DBN)

Federal judge temporarily blocks New Mexico governor's gun ban
(DBN)

'I can say that it was self-defense': Woman convicted of shooting ex over child support
(DBN)

Groomer allegedly filmed beating and 'hanging' goldendoodle to death for pooping on table
(DBN)

Neighbor recorded racist 'I'm killing me a n—' message threatening Black mom, son: Feds
(DBN)

Caesars Entertainment Paid Millions in Ransom in Recent Attack
(DBN)

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Judges:

What About Ginni?
(DBN)

What Republicans are doing to Wisconsin is a warning sign to all Americans
(DBN)

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Wall Street:

Stock futures climb as Wall Street eyes another inflation report
(DBN)

A notorious market bear who called the 2000 and 2008 stock routs warns investors may want to 'buckle up' amid recession risks
(DBN)

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Layoffs:

Deloitte UK to cut over 800 jobs - source Deloitte UK Set to Cut More Than 800 Jobs as Demand Slows
(DBN)

Citigroup Plans Job Cuts as It Revamps Top Management Structure
(DBN)

Crypto Seeks Lifeline in Asia as US Crackdown Spurs More Layoffs
(DBN)

Biotech Sage Therapeutics cuts half of workforce
(DBN)

Google is cutting hundreds of jobs in its recruiting organization
(DBN)

Santander Plans to Cut 100 Jobs at Its Italian Consumer Bank
(DBN)

New office lingo: FOBO hits American workers
(DBN)

VW Eyes Job Cuts at Key EV Factory Over Cratering Demand
(DBN)

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Crypto:

DCG Pushes Genesis Plan, Says Gemini Users Could Be Made Whole
(DBN)

FTX Gets Green Light To Liquidate $3.4B In Crypto To Pay Off Creditors FTX’s Green Light: Impact of $3.4 Billion Cryptocurrency Liquidation
(DBN)

Surprisingly Few U.S. Customers Want Their Bittrex Money Back
(DBN)

Three Arrows Founders Hit With 9-Year Trading Ban in Singapore
(DBN)

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Climate:

California lawmakers send bill to Newsom’s desk that would require detailed carbon accounting
(DBN)

UK Wind-Energy Capacity Overtakes Gas Generation for First Time
(DBN)

Climate Change Sends Most Indicators of Earth’s Health Into Danger Zone Humans Have Crossed 6 of 9 ‘Planetary Boundaries’
(DBN)

Earth ‘well outside safe operating space for humanity’, scientists find
(DBN)

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Healthcare:

Mercy arranging tours for potential bidders in its bankruptcy sale
(DBN)

AI bot beats doc at diagnosing patients in emergency room
(DBN)

AI could take over breast cancer screenings as fewer radiologists enter medical field
(DBN)

New data shows price hikes for common medical procedures
(DBN)

Fentanyl plus stimulants drives ‘fourth wave’ of overdose epidemic in the U.S.
(DBN)

Florida surgeon general rejects FDA guidance, urges people under 65 not to get Covid booster
(DBN)

Lead poisoning could be killing more people than HIV, malaria, and car accidents combined
(DBN)

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Economy:

BLS: CPI increased 0.6% in August; Core CPI increased 0.3% August core inflation, excluding food and energy, rose 0.3%, hotter than expected YoY Measures of Inflation: Services, Goods and Shelter Here’s the inflation breakdown for August 2023, in one chart Sharply higher gas prices pushed up inflation in August, yet underlying price measures cooled Inflation continues to rise—but here’s why it’s not as bad as it looks US Core CPI Picks Up, Keeping Another Fed Hike in Play This Year US Consumer Prices Jump, Straining Household Budgets Even More
(DBN)

Fed on Alert for One More Hike After ‘Disappointing’ Inflation
(DBN)

US debt risks a 'slow-motion collision' with the fight against inflation, Goldman Sachs says
(DBN)

IMF Warns Global Debt Resuming Upward Trend on Growth, Inflation
(DBN)

Summers Warns Soft Landing Chances Only 1-in-3
(DBN)

GOP Hardliners Stall Military Funding, Raising Government Shutdown Risk
(DBN)

A millionaire CEO is rooting for higher unemployment, saying it’s time to ‘remind people that they work for the employer, not the other way around’
(DBN)


Where America stands: New power centers, aging population
(DBN)

Biden's new attack: Wrap the GOP in "MAGAnomics"
(DBN)

WTO Warns on Trade De-Globalization
(DBN)

Nobody wants to leave Texas. It's fueling an economic boom.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

MBA: Mortgage Applications Decreased in Weekly Survey Mortgage demand stalls at a level not seen since 1996
(DBN)

US Five-Year Adjustable-Rate Mortgage Reaches Highest Since 2011
(DBN)

Part 1: Current State of the Housing Market; Overview for mid-September
(DBN)

US commercial-property crisis deepens with office vacancy rate topping 2008 highs to hit a new record
(DBN)

The housing market is about to get a lot more expensive for millennials and Gen Z
(DBN)

Return-to-office policies are driving people to sell their homes - even at a loss
(DBN)

Rent prices in the US are just shy of notching a new all-time high
(DBN)

Property Brokers Slump With High Borrowing Costs Weighing on Deals
(DBN)

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Municipalities:

Chicago facing a $538M budget gap for fiscal 2024
(DBN)


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Oil/Gas:

Diesel Supply Strains Deepen While Trucking Demand Recovers in US
(DBN)

OPEC Chief Warns of ‘Energy Chaos’ If Fossil Fuels Are Scrapped
(DBN)

US Electric Vehicle Sales Reach Breakthrough Pace
(DBN)

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Autos:

Even Transportation Secretary Pete Buttigieg Can’t Find a Reliable EV Charger - WSJ
(DBN)

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Labor:

‘Abandoned by the Democratic Party’: Behind the UAW’s frustrations with Biden
(DBN)

UAW to strike against Detroit automakers if deals aren’t reached, union boss says
(DBN)

United Auto Workers Strike Standoff Has High Stakes for Key Senate Race in Ohio
(DBN)

California lawmakers want to protect actors from being replaced by artificial intelligence
(DBN)

Biden Has Few Options to Prevent a Strike Against Big 3 Carmakers
(DBN)

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Tech:

Can Elizabeth Warren do it again?
(DBN)

False reports of Cash App bankruptcy spread online
(DBN)

CEOs tell senators: Time to regulate AI
(DBN)

11 WTF Moments From the New Biography ‘Elon Musk’ The big Elon Musk biography asks all the wrong questions
(DBN)

SpaceX projected 20 million Starlink users by 2022—it ended up with 1 million
(DBN)

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Autos:

Action in Aftermarket Auto
(DBN)

Subprime-Focused Car Dealer U.S. Auto Sales Goes Bankrupt
(DBN)

Ford’s former CEO has a stark warning for both the UAW and automakers Ford CEO 'very optimistic' about reaching agreement with auto workers' union as strike looms
(DBN)

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Utilities:

U.S. appeals court questions delay in PG&E shareholder case
(DBN)

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Fraud:

Art Dealer to Rich and Famous Faces Millions in Fraud Claims
(DBN)

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Retailing:

Bankrupt Bed Bath & Beyond Seeks $15M in Damages from Yang Ming in FMC Case
(DBN)

Furla USA Files for Chapter 11, Plans Stronger Comeback
(DBN)

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Trucking:

Trucking firm Estes Express submits revised $1.525 bln bid for Yellow's shipment centers
(DBN)

The Trucking Bubble Has Burst
(DBN)

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Religion:

Survey: White Protestant clergy more progressive than their congregations
(DBN)

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Education:

The Conservative Censorship Campaign Reaches Its Natural Conclusion
(DBN)

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Cannabis:

Senators push to pass cannabis banking bill after marijuana rescheduling
(DBN)

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Cruise Lines:

Third attempt fails to free luxury cruise ship that ran aground in Greenland
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Reform:

Upcoming Judiciary Committee Hearing: Evading Accountability: Corporate Manipulation of Chapter 11 Bankruptcy
(DBN)

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Aviation:

Delta, United must face class action over US airfares
(DBN)

Delta Air Lines will restrict access to its Sky Club airport lounges as it faces overcrowding
(DBN)

Dubai Aerospace flags corrosion in plane leased to India's bankrupt Go First
(DBN)

Go First lenders jittery on interim finance
(DBN)

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Telecoms:

Frontier Joins Texas Migration With Plans to Leave Connecticut
(DBN)

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Politics:

And So it Begins … Washington Post’s David Ignatius Calls on Joe Biden to Not Run in 2024 Joe Scarborough Reveals Every Single Democrat He Speaks to Off Air Admits Biden is ‘Too Old to Run’ Romney Urges Biden to Retire
(DBN)

Romney, Manchin talked third party
(DBN)

Trump Has Been Privately Encouraging G.O.P. Lawmakers to Impeach Biden 5 key questions about McCarthy’s impeachment push House Dem: Hunter Biden looks ‘guilty,’ not his dad Biden on GOP impeachment efforts: "I have a job to do" Biden has been preparing to fight an impeachment for almost a year. This is his strategy
(DBN)

McCarthy's crumbling house of cards GOP threats to McCarthy come into sharper focus Gaetz says McCarthy ‘lying,’ in response to accusations he’s colluding with Swalwell
(DBN)

Lauren Boebert ditches the MAGA thing in Colorado
(DBN)

Trump rants about Michael Jackson and 'stupid' decision to sell Panama Canal in early morning post
(DBN)

Marjorie Taylor Greene Says States Should ‘Consider Seceding From the Union’
(DBN)

Iowa voter calls Pence position on transgender youth ‘appalling’ in town hall exchange
(DBN)

Candidate who livestreamed sex draws support from women and leading Dem
(DBN)

Ramaswamy takes questions about his Hinduism -- one Bible verse at a time
(DBN)

House GOP scrambles to avert disaster on Pentagon spending bill
(DBN)

GOP mayoral primary involving Connecticut alderman facing charges in Jan. 6 riot headed for recount
(DBN)

Mitt Romney cites age concerns in announcing he won't run for reelection: 'Frankly, it's time for a new generation of leaders' Mitt Romney’s startling but familiar concession: The demagogues have won Retiring Romney unleashes on GOP colleagues Romney Says GOP Senators Literally Laughed Out Loud At Trump Behind His Back: ‘Caucus Burst Into Laughter’
(DBN)

Jared Kushner’s Dad, A Convicted Felon Who Trump Pardoned, Donates A Million To Trump PAC
(DBN)

Milley: I Didn't Tell Trump to Attack Iran
(DBN)

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Student Debt:

US Has $89 Billion Monthly Budget Surplus on Student-Loan Ruling
(DBN)

Debt-Ridden Navy Employee Busted in $26M Scheme to Fulfill Her Italian Fantasy
(DBN)

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Social Media:

86% Neo-Nazi Posts Remain on Twitter
(DBN)

Watchdog accuses X again of not moderating hate speech
(DBN)

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Sovereigns:

Bondholders Hopeful Sri Lanka Debt Deal Draft Ready Next Month
(DBN)

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UK:

Schrödingers Liability - When does the duty to consider creditors’ interests arise if a liability is disputed?
(DBN)

The council clearance sale! Debt-ridden local authorities are desperately selling off public assets
(DBN)

Debt-ridden East Kent Hospitals Trust ‘running out of cash’
(DBN)

BOE Turning Gloomier on UK Outlook Brings Rate Pause Into View
(DBN)

UK Charges Four Over Patisserie Valerie Accounting Fraud
(DBN)

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EU:

WTF is Christine Lagarde up to?
(DBN)

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Canada:

Skeena Sawmills and affiliates face bankruptcy with debts over $143 million
(DBN)

Trudeau Says Home Prices Have Climbed ‘Far Too High’ in Canada
(DBN)

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Ireland:

RTE is not going bankrupt, director general insists
(DBN)

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Argentina:

Argentine Shoppers Face Daily Race for Deals as Inflation Soars Above 100%
(DBN)

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Russia:

Russian manufacturers are making up to 7 times as much ammunition as Western arms makers, Estonian defense official says
(DBN)

Russia is getting richer again, thanks to soaring oil prices
(DBN)

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MENA:

Death Toll From Libya Floods, Morocco Quake Hits 8,000 as Politics Slows Aid Up to 20,000 feared dead in Libya floods as U.N. says most lives could have been saved The political failures behind Libya’s deadly flooding Aid Trickles into Flood-Stricken Libya With Thousands Missing How Climate Change Likely Contributed To Libya's Devastating Flooding Whole families drowned in Libya’s flood. Many didn’t realize the danger until they heard dams burst
(DBN)

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China:

Investors dumped a record $12 billion of Chinese stocks last month as the country's economy wobbled
(DBN)

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India:

Creditors claim Byju’s sent $500mn to fund registered at pancake house
(DBN)

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