September 26, 2023

The Daily Bankruptcy News

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Law:

Stroock’s New Merger Partner Means The Firm May Not Face ‘Bankruptcy,’ ‘Dissolution’
(DBN)

Baker Donelson Adds Bankruptcy Shareholder in Atlanta
(DBN)

The Best Biglaw Firms, Ranked By Summer Associates (2023)
(DBN)

Conservative activist uses Civil War-era law to challenge US corporate diversity
(DBN)

Lawyers who lied about capital contribution, cursed on hot mic among those sanctioned in Illinois
(DBN)

‘I see legal finance moving into ubiquity,’ says litigation funding company co-COO
(DBN)

What if litigation funding reduces litigation?
(DBN)

Arbitrator rules local attorney David Peters embezzled millions in partnership funds
(DBN)

Iowa Lawyer's 'Rhetorical Hyperbole' Could Land Him 60 Day Suspension
(DBN)

Don’t Assume Your Global Peers Apply Attorney-Client Privilege
(DBN)

Win the Tug of War for Talent with These Law Strategies
(DBN)

Alex Murdaugh Lawyer Seeks New Trial On Grounds That Jury Heard Too Much Evidence
(DBN)

Jim Jordan says special counsel in Hunter Biden probe to come before congressional committee
(DBN)

Trump dodges threat: States resist 14th Amendment ballot ban push
(DBN)

Trump Attorneys Keep Advancing Argument That's 'Literally Crazy,' Courting Sanctions
(DBN)

Trump team bashes proposed gag order in Jan. 6 case
(DBN)

'Lone-wolf attacks and riots': Officials warn MAGA supporters will seek their own 'retribution'
(DBN)

Trump-appointed judge overseeing Mar-a-Lago case sets hearings over conflicts of interest
(DBN)

Trump said he wanted to buy a Glock — here's why he legally can't
(DBN)

Trump Georgia election juror names to be kept secret until trial ends, judge rules
(DBN)

Threats against FBI personnel surge more than 300%
(DBN)

Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
(DBN)

River rescues and barbed wire: Just another day at the US-Mexico border
(DBN)

Pa. cop arrested for falsely committing ex to mental facility
(DBN)

German Family Who Claimed Asylum in US to Homeschool Kids Faces Deportation
(DBN)

White teen seen on Ring camera spewing vile slurs while threatening to rape, kill black neighbors
(DBN)

Killer shot man he 'mistakenly' believed murdered friend, posts gun for sale mins later
(DBN)

Ticked-off ex-boyfriend upset about breakup hires hitman who kills ex-girlfriend: Cops
(DBN)

Man broke down front door, dragged ex into car by her hair in broad daylight kidnapping
(DBN)

Man who stabbed brother-in-law in head over $40 yardwork dispute could face life in prison
(DBN)

Trial date set for dad accused of lining up and executing 3 young sons before Father's Day
(DBN)

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Judges:

BK SD FL: Courthouse Beacon News - September 2023
(DBN)

Kagan cites ‘legitimate concern’ in call for Supreme Court code of conduct Justice Kagan sees need for SCOTUS ethics code, comments on why courts overturn things ‘willy-nilly’
(DBN)

All eyes on ethics as Supreme Court justices return to Washington
(DBN)

‘Congenial’ and ‘reasonable’ judge tells police he doesn’t remember alleged shooting spree
(DBN)

Jonathan Turley Defends Honor Of Judge Under Investigation For Handcuffing A Crying Child
(DBN)

$195K wasn’t enough to buy this item owned by Justice Ginsburg
(DBN)

With cameras capturing every word, the pressure is on for the Georgia judge over Trump’s indictment
(DBN)

A Supreme Court case about hotel websites could blow up much of US civil rights law
(DBN)

Federal Judge Becomes Unlikely Ally In Fight Against Climate Change Texas Judge Known for Abortion Pill Ruling Backs Biden ESG Rule
(DBN)

Trump-appointed judge won't force Texas university to allow drag show
(DBN)

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Wall Street:

Stock futures fall as Wall Street gets set to add to September’s losses
(DBN)

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Layoffs:

St. Louis-based retailer plans layoffs pending bankruptcy sale
(DBN)

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Healthcare:

UI to obtain ‘essentially all’ Mercy IC assets on Oct. 2 if unchallenged
(DBN)

COVID conspiracies return in force, just in time for 2024
(DBN)

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Sports:

Call for sanctions as homophobic chants again overshadow French soccer’s biggest game
(DBN)

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Autos:

Lordstown Motors on Track for Oct. 31 Closing of Assets Sales
(DBN)

Tesla’s latest all-electric rival unveils sporty urban vehicle
(DBN)

Ford halts construction on EV battery plant ripped by GOP over China ties
(DBN)

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Trucking:

Southern Ind. trucking company files for bankruptcy after more than 80 years in business
(DBN)

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Insurance:

Vesttoo case: Cell control dispute continues. Creditors say cash withdrawn
(DBN)

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Healthcare:

Americans Turn to Mexico for Abortions
(DBN)

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Distressed Investing:

A "Hawkish Hold" = Companies Fold?
(DBN)

Ex-Deutsche Duo Team Up to Launch Distressed Debt Hedge Fund
(DBN)

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Private Equity:

Private Equity Is Piling Debt on Itself Like Never Before
(DBN)

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Movie Theaters:

Movie theater shares pop after writers, studios reach tentative labor deal
(DBN)

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Economy:

‘We have dealt with recessions before’: Jamie Dimon says geopolitics is the world’s biggest risk
(DBN)

Update on Four High Frequency Indicators
(DBN)

The US economy could end up like China's as massive debt weighs on growth, market expert says
(DBN)

Will the economy finally un-weird itself?
(DBN)

If $307 Trillion Doesn’t Scare You, This Should
(DBN)

Senate Democrats put McCarthy in shutdown squeeze Senate headed toward short-term, relatively clean stopgap-funding measure Small businesses fret over the looming government shutdown Greene a ‘hard no’ on two spending bills after McCarthy flips on Ukraine aid Trump says Biden will be blamed for shutdown, urges GOP to dig in Kevin McCarthy’s Catch-22 on the shutdown Government shutdown could hurt U.S. credit rating, Moody’s warns 46 percent of voters say fighting between parties is reason for potential shutdown: poll Republican Moderates Turn to Rare Maneuver to Avoid Lengthy Government Shutdown
(DBN)

Atlanta is the US city seeing the biggest surge in people setting up their own businesses, beating out the likes of Austin and Seattle, according to LinkedIn data
(DBN)

Why rising long-term rates could ripple across the economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing September 25th Weekly Update: Inventory increased 1.8% Week-over-week; Down 5.2% Year-over-year
(DBN)

The 10 most affordable US cities for renters
(DBN)

Final Look at Local Housing Markets in August
(DBN)

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Oil/Gas:

Here's why the 30% surge in oil prices won't derail the economy or consumer, according to Goldman Sachs
(DBN)

Oil could hit $150, sending ‘shock through system,’ says top shale CEO
(DBN)

How Quickly Can We Phase Out Fossil Fuels?
(DBN)

IEA: Net Zero Still Achievable If The World Slashes Fossil Fuel Demand
(DBN)

OPEC+ Cuts Offset By Booming U.S. Oil Production
(DBN)

Taxpayers Still on Hook for Oil and Gas Clean-up, Despite New Rule
(DBN)

Ships are going ‘dark’ to move oil around the world — likely worth billions
(DBN)

Rolls-Royce to discontinue production of all diesel and gas vehicles
(DBN)

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Labor:

The UAW is putting the 4-day workweek on the map for hourly workers UAW strike scrambles political allegiances Canadian autoworkers ratify new labor deal with Ford Biden to Walk Picket Line Biden, Trump square off for Michigan’s working-class voters UAW Fight Against Billions in Buybacks Forces Investor Rethink
(DBN)

US auto CEOs make 350-times worker pay
(DBN)

AOC says she'll trade in her Tesla for a union-made EV. Her options are slim.
(DBN)

Biden cheers Hollywood writers’ preliminary deal with studios What happens after the Hollywood writers' strike ends
(DBN)

Biden makes case that climate, labor interests can go hand in hand as auto strike fuels attacks
(DBN)

Why Biden’s strike magic faltered
(DBN)

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Tech:

Hundreds of consultants were given AI tools. What happened next shows the promises and pitfalls of the technology.
(DBN)

Supreme Court extends pause on appeals court’s order in Biden social media case
(DBN)

Apple exec Eddy Cue set to testify in Google trial about $19 billion search deal
(DBN)

Tech firms roll back misinformation curbs ahead of 2024 polls
(DBN)

Musk’s X Is Biggest Outlet of Russia Disinformation, EU Says
(DBN)

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Climate:

Top emitter China says no to fossil fuel "phase out" language at COP28
(DBN)

Antarctic sea ice hits lowest winter maximum on record: data shows
(DBN)

Hurricane-Proofing Buildings Isn’t Enough to Curb Florida’s Storm Losses
(DBN)

Gulf Stream at Weakest Point in Over a Millennium
(DBN)

‘Staggering’ green growth gives hope for 1.5C, says global energy chief
(DBN)

90% of California Now Out of Historic Drought
(DBN)

California Enacts Far-Reaching Climate-Related Disclosure Requirements
(DBN)

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Retailing:

CVS is permanently closing hundreds of stores for a surprising reason CVS stores closing down permanently: Pharmacy chain announces up to 900 stores will shutter in 2024
(DBN)

Two huge retail stores with millions of online customers are ‘at risk of bankruptcy’ after industry pummeled by closures
(DBN)

Express with 537 locations ‘teetering on possible bankruptcy’ after 40 years and 91 store closures
(DBN)

Victoria’s Secret Can’t Let Go of Its Angel Wings
(DBN)

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Student Debt:

Borrowers weigh payment boycott as student loan payments set to resume
(DBN)

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Education:

Art Institutes career colleges abruptly close, leaving some students 'dumbfounded' Sudden Closure of Art Institutes Leaves 1,700 Students Adrift
(DBN)

Florida churches, groups step up to teach Black history and banned books
(DBN)

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Cannabis:

Judge Says Hacienda's Bankruptcy Case Can Stand
(DBN)

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Crypto:

Inside Sam Bankman-Fried’s Family Bubble
(DBN)

Sam Bankman-Fried's mom says prosecutors and bankruptcy estate are 'McCarthyite' and on a 'relentless pursuit of total destruction'
(DBN)

Crypto king or conman: is Sam Bankman-Fried about to be sent down for a century?
(DBN)

Sam Bankman-Fried's trial to test dueling explanations for collapse of crypto exchange
(DBN)

Amazon Just Did A Big Favor to FTX Creditors, Details
(DBN)

Celsius' Bankruptcy Nears End as Creditors Approve Reorganization Plan
(DBN)

SEC Objects to Coinbase's Role in Celsius Bankruptcy Distribution Plan
(DBN)

Hong Kong crypto firm hit by $200 million hack
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Opioid special master who mistakenly hit ‘reply all’ asked to step down Special Master Should Have Kept His 'Reply All' In The Drafts
(DBN)

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Fiduciary Duty:

Reconciling Delaware's Law on Fiduciary Duties Involving Insolvent Firms with the United States Federal Bankruptcy Code: Reflections and Suggestions
(DBN)

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Aviation:

Airline SAS assesses final bids for its bail-out from bankruptcy Rescuing the Skies: The Struggle and Hope for Scandinavian Airlines Amidst the Pandemic
(DBN)

Aviation leasing watchdog AWG cuts India's compliance rating amid Go First tussle
(DBN)

Buttigieg warns of airline disruptions if government shuts down
(DBN)

8 hospitalized after severe turbulence on flight to Florida
(DBN)

____________

Politics:

Trump pledges to investigate MSNBC parent company for ‘threatening treason’
(DBN)

Trump tries to play both sides on abortion
(DBN)

Tucker Carlson finds a new booster: Russian TV
(DBN)

A phone call between Trump and conservative tech billionaire Peter Thiel reportedly turned 'pretty contentious'
(DBN)

Nikki Haley moves into second place behind Trump in New Hampshire
(DBN)

Big GOP donors hoped for an alternative to Trump. Now some are giving up.
(DBN)

Black Republicans are making ripples in state and national politics
(DBN)

Rep Who Pushes 'Traditional Values' Accused of Affair With Lobbyist
(DBN)

GOP donor wants his money back after candidate hires Corey Lewandowski
(DBN)

Trump blasts Gov. Shapiro for Pennsylvania's new automatic voter registration
(DBN)

Biden disapproval rating hits highest mark of presidency: poll
(DBN)

Joe Biden's Nightmare Election Scenario Might Be Coming True Hillary Clinton warns Joe Biden in private meeting that third-party candidates could prove disastrous for him
(DBN)

Defiant Menendez refuses to resign after indictment Democratic Sen. Menendez says cash found in home was from his personal savings, not bribe proceeds Menendez says wads of cash stuffed in clothes was for ‘emergencies’
(DBN)

DeSantis faces decisive moment with GOP debate Fox moderators expecting gloves to come off for second GOP primary debate RNC’s livestreaming partner for the GOP debate is a haven for disinformation and extremism
(DBN)

GOP’s Gosar suggests Milley should be ‘hung’ for Jan. 6 response
(DBN)

The earmarks Adam Schiff delivered for donors
(DBN)

Tennessee’s First Elected Trans Official May Be Forced to Use Men’s Room
(DBN)

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Sovereigns:

Bankruptcy: A Rising Concern for Nations Across the Globe
(DBN)

Burford Seeks to Begin Collecting $16 Billion Argentina Judgment
(DBN)

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UK:

The situation in Coventry amid concerns more UK councils could see financial failure Financial Stability Amid Turbulence: A Look at Coventry City Council’s Commercial Strategy
(DBN)

Birmingham city council approves bankruptcy notice and spending controls
(DBN)

Shaping the Future: Max Caller’s Takeover of Birmingham City Council
(DBN)

Birmingham City Council protests & extraordinary ‘bankruptcy’ meeting
(DBN)

Drax Under Scrutiny From Short Sellers Over Debt Structure
(DBN)

____________

Canada:

Canada’s House speaker apologizes for ovation of Ukrainian who fought with Nazis
(DBN)

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Russia:

First US Abrams tanks arrive in Ukraine Ukraine Advances on Russian Defenses as US Battle Tanks Arrive
(DBN)

Using duct tape and bombs, Ukraine’s drone pilots wage war with low-cost, improvised weapons
(DBN)

Russia’s Black Sea Fleet commander among 34 killed in a missile strike in Crimea, Ukraine claims
(DBN)

A former guard at one of Putin's luxury palaces says it was like a toxic 'little town' where everyone was snitching on each other
(DBN)

Antisemitism charges swirl after Putin denigrates Zelensky’s Jewish roots
(DBN)

The Unraveling of Western Strategy in Ukraine: A Russian Perspective
(DBN)

Taxpayers Stuck Paying the Bills for Oligarchs' Seized Yachts and Mansions
(DBN)

Russia smells blood as Ukraine tries to stop war fatigue spreading among allies
(DBN)

____________

China:

China's economic situation isn't as dire as it seems, and policymakers in Beijing were just expecting too much, economist says
(DBN)

Fixing China’s property sector could take years — if not a decade, says economist
(DBN)

Chinese investors in scramble to dump overseas property as Xi's economy goes into freefall
(DBN)

Evergrande debt setback, Oceanwide blow rattle China property stocks
(DBN)

Evergrande Crisis Worsens as Defaults Pile Up, Ex-CEO Detained Evergrande shares slide as mainland unit misses debt payment Some Evergrande creditors plan to join winding-up petition if no new debt plan by Oct 30
(DBN)

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MENA:

KBBO group restructuring approval is a milestone in UAE bankruptcy law regime
(DBN)

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Brazil:

Brazilian Retail Chain Saraiva Faces Risks of Bankruptcy
(DBN)

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India:

Govt to grant financial creditor status to insurers
(DBN)

The Conundrum of the “Same Real Estate Project”: Insolvency and Bankruptcy Code, 2016
(DBN)

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Netherlands:

On the Brink of Bankruptcy: The Tale of Big Bazar
(DBN)

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