September 27, 2023

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click here
Search prior case summaries: Click here

Format For Mobile Device



Law:

The 2023 Legal Department Operations Index: As in-house work grows, LDO professionals look to step up
(DBN)

Need for Speed: Can the wheels of justice turn quicker?
(DBN)

Some Big Law Associates Are Raking In Six-Figure Origination Bonuses - And Others Want In
(DBN)

Hunter Biden sues Giuliani for ‘hacking’ and disseminating his data Hunter Biden sues Rudy Giuliani, attorney Robert Costello for "hacking" laptop data
(DBN)

FBI report predicted 2020 election extremism 2 months before Jan. 6
(DBN)

Jan. 6 defendant who wanted to arrest 'the traitors' to 'protect the Capitol' sentenced to four years
(DBN)

Two Lawyers Rank the Severity of Trump’s Many Indictments
(DBN)

Meadows' cross-examination reveals glaring 'problem' in bid to blow up state RICO case: DA
(DBN)

Trump Lawyers Howl About Proposed Gag Order, Even As Their Client Demands Death For Potential Witness Trump attorneys rage over gag order requested by special counsel in Jan. 6 case Trump Lawyers 'Provoke' Judge Chutkan: Legal Analyst
(DBN)

Judge rules Donald Trump defrauded banks, insurers while building real estate empire Trump's 'corporate death penalty' explained: veteran Manhattan fraud prosecutors describe what's next Donald Trump committed fraud by exaggerating wealth, judge says Trump Basically Just Lost the New York Bank Fraud Case Before It Even Started Trump and company liable for fraud in New York lawsuit, judge rules Trump could now be on the hook for up to $250 million for fraud George Conway Shows Why Trump Ruling Is ‘Corporate Death Penalty’ Trump lashes out after he is found liable for fraud in New York
(DBN)

Donald Trump Faces Bankruptcy, Michael Cohen Says
(DBN)

Kimberly Guilfoyle sought pardon for her doctor's son in frantic final days of Trump presidency: book
(DBN)

Matt Gaetz pushed a Roger Stone pardon on Air Force One — but other Republicans shut it down: book
(DBN)

JPMorgan Chase settles Epstein lawsuit with US Virgin Islands for $75M
(DBN)

Judge throws out Texas ban on drag acts, calls it unconstitutional...
(DBN)

New York City’s not-so-sudden migrant surge, explained
(DBN)

Special education teacher murdered wife while she was on phone with 911 dispatcher: Cops
(DBN)

Judge Dismisses Murder Charge Against Philadelphia Officer in Fatal Shooting
(DBN)

Baltimore CEO was killed by repeat offender who should have never been on the street, officials allege
(DBN)

FDNY deaths from 9/11 illnesses now equal those killed in the attack
(DBN)

Houston neighbor shot by off-duty patrolman might have been at wrong unit
(DBN)

In Texas, guns are everywhere, whether concealed or in the open
(DBN)

California governor signs historic law taxing guns and ammunition Newsom signs gun laws that add new taxes and limit where owners can carry firearms
(DBN)

Anti-abortion groups demand liberal Wisconsin prosecutors charge abortion providers despite ruling
(DBN)

The Coming Attack on an Essential Element of Women’s Freedom
(DBN)

Over 100 masked teens ransack and loot Philadelphia stores leading to several arrests, police say Foot Locker, Apple and Lululemon were among the stores looted on Tuesday night Police Outnumbered "Everybody must eat!"
(DBN)

Target says it will close nine stores in major cities, citing violence and theft
(DBN)

______________

Judges:

The Supreme Court Needs to Make a Call on Trump’s Eligibility
(DBN)

Inside the courtroom of Trump’s D.C. judge
(DBN)

SCOTUS returns with new reality that critics see it as a political body
(DBN)

US Supreme Court prepares for new term under ethics cloud
(DBN)

SCOTUS rejects Alabama's bid to avoid a second Black majority district SCOTUS tells Alabama it meant what it said the first time Supreme Court refuses to revive Alabama’s GOP-drawn congressional map Supreme Court rejects Alabama GOP redistricting appeal, clearing way for Dem pickup
(DBN)

How federal appeals judges’ opinions change as they get older
(DBN)

Little Late For Manners And Bad Memory, Judge
(DBN)

______________

Wall Street:

Stock futures rise as Wall Street tries to recover following Tuesday’s sharp losses
(DBN)

Dow drops 388 points as US stocks suffer worst loss since March on weak economic data US stocks drop as investors weigh shutdown risks and tighter Fed
(DBN)

Hedge Funds Boost Bearish Bets on US Equities Amid Market Jitters
(DBN)

______________

Layoffs:

WNYC Parent to Cut 12% of Work Force
(DBN)

Portland transportation cuts would include nearly 100 layoffs
(DBN)

Centene to lay off 2,000
(DBN)

Dana lays off 240 employees as a result of UAW strike
(DBN)

______________

Utilities:

Before Lahaina Fire, Hawaiian Electric Was Far Behind in Fixing Old Power Poles
(DBN)

____________

Retailing:

Nearly 3,200 stores are closing across the US in 2023. Here's the full list.
(DBN)

Debt-ridden Rite Aid could shutter 500 of 2,100 stores nationwide as it negotiates a plan to file for Chapter 11 bankruptcy
(DBN)

FTC and 17 states file sweeping antitrust suit against Amazon
(DBN)

Retailers lost $112B in organized crime wave: ‘Unprecedented levels of theft’
(DBN)

____________

Crypto:

Sam Bankman-Fried spent house arrest at a desk cluttered with items including cinnamon gum, a mini fan, and a bottle of Adderall
(DBN)

The Government Shutting Down Isn't Great for Crypto
(DBN)

Sam Bankman-Fried Can Ask DOJ Witnesses About Drug Use
(DBN)

Sam Bankman-Fried’s Political Contributions Will Play Role In Trial, Judge Rules
(DBN)

Crypto lender BlockFi gets court nod for plan to repay customers
(DBN)

A ‘Boring’ CEO Bucks Crypto’s Wild Playbook at Bankrupt Celsius
(DBN)

Mainstream Media Objects to Further Customer Data Redactions in FTX Bankruptcy Case
(DBN)

____________

Fraud:

When an Offering Fraud Becomes Bankruptcy Fraud
(DBN)

'Cash Flow King' podcaster Matt Motil is charged in $11 million Ponzi scheme after 'scamming real estate investors and blowing the cash on a lakefront mansion and courtside NBA tickets'
(DBN)

____________


Economy:

You vs. 4,000 other applicants: Inside the frenzied scramble for remote jobs
(DBN)

Why America Has a Long-Term Labor Crisis, in Six Charts - WSJ
(DBN)

Why the U.S. fiscal picture really is ugly
(DBN)

How a Four-Day Workweek Actually Works, From the Companies Pulling It Off
(DBN)

Dimon warns that the Fed could still raise interest rates sharply from here
(DBN)

Inflation will be a rollercoaster ride as the US economy navigates 2 ‘unprecedented’ shocks, BlackRock says
(DBN)

Consumer stocks face big risks as Americans’ wallets are battered by high gas prices, student loans, and expensive housing, Morgan Stanley’s CIO says
(DBN)

Congress faces ticking shutdown clock House Republicans finally advance four budget bills McCarthy says a meeting with Biden is 'very important' to avert shutdown The Republican vs. Republican feud behind the government shutdown fight, explained Biden calls on Congress to fund government as Moody’s and Wells Fargo warn of shutdown effects Congress says its wants to avoid a shutdown. But the House and Senate are moving even further apart. Gaetz asks for pay to be withheld during potential shutdown Government shutdown would put pay for over 1M military members at risk, Pentagon says Barreling toward shutdown, McCarthy scrambles to get even one spending win Food stamps, free lunch, airplane inspections: What’s hit when the government shuts down A government shutdown would make the Fed's job a lot harder as economic data is delayed McCarthy’s personal peril intensifies funding fight Top DOJ official warns of potential 'dangerous' shutdown impact on nation's cyber defenses Which federal programs would be impacted first in a government shutdown Millions of women, children risk losing WIC's nutrition assistance if government shuts down
(DBN)

What happens to Social Security payments if the government shuts down
(DBN)

The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says
(DBN)

America's Military Can’t Repair Its Own $1.7 Trillion Jet
(DBN)

UPS says it will hire 100,000 seasonal workers for the holiday rush — but don't expect that $170,000 pay package
(DBN)

Pew study: Huge gender, political perception gap of women in business
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

US housing market valuation climbs to record $52 trillion as construction 'powerhouse' drives the surge
(DBN)

Home Prices in US Hit Record High, Erasing Recent Decline Case-Shiller: National House Price Index Up 1.0% year-over-year in July; New all-time High Comments on July Case-Shiller and FHFA House Prices
(DBN)

New Home Sales decrease to 675,000 Annual Rate in August New Home Sales decrease to 675,000 Annual Rate in August; Median New Home Price is Down 13% from the Peak
(DBN)

The housing market just keeps getting more expensive
(DBN)

____________

Municipalities:

Reno tops list of 15 happiest places to live in America
(DBN)

____________

Oil/Gas:

Oil could be headed as high as $150 unless the US boosts its output, says major exploration firm
(DBN)

____________

Climate:

Global climate vaults into even rarer territory, with more to come
(DBN)

Extreme weather could cause insurance rates across the country to spike
(DBN)

Underground climate change: How heat is trapped under the surface, threatening buildings
(DBN)

Scientists Are Warning That A Huge Spike In Atmospheric Methane Over The Past 16 Years Can Cause 'Termination '
(DBN)

How Close is a Climate Catastrophe?
(DBN)

____________

Healthcare:

Additional settlements approved with Ellwood hospital debtors
(DBN)

Women pay billions more out of pocket for health care: analysis
(DBN)

____________

Education:

Homeschoolers more likely to be motivated by shootings, bullying than religion: poll
(DBN)

California to fine schools that ban textbooks on race or LGBTQ+ topics
(DBN)

FL now leads nation in book bans
(DBN)

____________

Tech:

Regulators launch suit to upend Amazon’s business empire
(DBN)

Jewish leaders criticize Elon Musk for antisemitism on X, formerly Twitter
(DBN)

____________

Labor:

SAG-AFTRA authorizes strike against video game companies
(DBN)

Hollywood Studios Can Train AI on Writers' Work Under Tentative Deal - WSJ
(DBN)

In historic move, Biden joins autoworkers' picket line Biden strikes with UAW members: ‘You deserve a hell of a lot more’ UAW president says he won't meet with Trump Trump, Weighing In on Auto Strike, Has a Mixed Legacy on Unions
(DBN)

Tesla CEO Elon Musk Says UAW Demands Could Bankrupt Ford, GM
(DBN)

United Farm Workers endorses 'champion' Biden
(DBN)

Little-noticed result of the Hollywood strikes: a blow to political campaigns
(DBN)

The Hollywood writers strike is set to end on Wednesday after nearly 150 days More pay, streaming bonuses, AI limits: Four takeaways from the WGA deal to end the writers' strike
(DBN)

Las Vegas hospitality workers overwhelmingly permit union to call strike against hotels, casinos
(DBN)

____________

Agribusiness:

Biden promised to fight ag monopolies. Farmers aren’t satisfied.
(DBN)

____________

Event Facilities:

Legacy Park stuff heading to the block
(DBN)

____________

Insurance:

Vesttoo case: Time to “stop litigating and start cooperating” says bankruptcy judge
(DBN)

____________

Autos:

Another Deadline Extension to Buy Lordstown Motors’ Assets
(DBN)

____________

 


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 (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Large Corporate Bankruptcy Filings Surged in First Half of 2023 Trends in Large Corporate Bankruptcy and Financial Distress—Midyear 2023 Update
(DBN)

______________

Mass Torts:

McKinsey pays $230M in opioid settlement McKinsey & Co Agrees to Pay $230 Million to Settle Lawsuits Over Role in Opioid Epidemic
(DBN)

Senate Judiciary Committee Subcommittee Hearing on “Evading Accountability: Corporate Manipulation of Chapter 11 Bankruptcy”: A Recap
(DBN)

As clock ticks on Boy Scouts settlement, bill to help Ohio abuse victims nears finish line
(DBN)

____________

Advisors:

Rothschild & Co hires Andrew Yearley as Global Co-Head of Restructuring
(DBN)

____________

Cannabis:

In re The Hacienda Company, LLC – Round 2: Bankruptcy Courts May be Available to Non-Operating Cannabis Companies to Liquidate Assets
(DBN)

____________

Interest:

Till Interest Rate For A Bankruptcy Plan: Start With Treasury Rate or Prime Rate? (In re Topp)
(DBN)

____________

Aviation:

Vietnam's Bamboo Airways struggling to pay pilot wages; some depart
(DBN)

Man "blamed his wife" after loaded gun found in carry-on at airport
(DBN)

____________

Politics:

Biden team's don't-let-him-trip mission White House blasts Axios’s ‘don’t-let-him-trip’ Biden report: ‘Move over, tan suit’
(DBN)

Trump is crushing it in California. His rivals are ‘in denial.’
(DBN)

Scarborough Torches Trump For Inviting Assassinations
(DBN)

Trump hands gift to Biden campaign with extreme online rhetoric
(DBN)

Newsom and DeSantis to debate in November
(DBN)

Carville on 75% Not Wanting Biden To Run Again: "That's A Big Number"
(DBN)

First Dog Commander bites another Secret Service agent, 11th known incident
(DBN)

Kevin McCarthy's alliance with Marjorie Taylor Greene 'wobbly' as she obeys Trump's calls for chaos
(DBN)

Cassidy Hutchinson’s new book reveals a Trump White House even more chaotic than previously known
(DBN)

Philadelphia Inquirer calls on Menendez to resign Fellow New Jersey Sen. Booker calls for Menendez to step down Vulnerable Democrats Tester and Casey to donate money they took from Menendez Menendez scandal creates huge political dilemmas for Democrats Senate Dems are starting to turn on Menendez Bob Menendez’s defiance could be an electoral nightmare for Democrats Pelosi: 'Probably would be a good idea' if Menendez resigned Kevin McCarthy Wanted Bob Menendez To Resign Until Someone Mentioned George Santos Senate Leaders Need to Break With Menendez Now Cotton defends Menendez, says jury should decide his fate Democrat Bob Menendez finds unlikely defenders in the GOP The FBI is probing whether Egyptian intelligence played a role in Bob Menendez’s alleged bribery scheme
(DBN)

Former Defense secretary: There’s ‘legitimate fear’ Trump will retaliate if reelected
(DBN)

Another campaign, another outrage over ‘free phones’
(DBN)

RFK Jr. further embraces conspiracies: ‘I don’t know what happened on 9/11’
(DBN)

In a win for Black voters in redistricting case, Alabama to get new congressional lines The Supreme Court just told Alabama to shut up and listen
(DBN)

Mike Lindell Pleads For Help as MyPillow 'Crippled' by American Express
(DBN)

____________

Sovereigns:

Some Sri Lanka creditors seeking debt restructuring deal without China
(DBN)

____________

UK:

Should insolvency practitioners be concerned by the supreme court’s latest decision regarding the enforceability of litigation funding agreements?
(DBN)

____________

EU:

A Deadly Monastery Siege Threatens to Unravel Years of Relative Peace on NATO’s Southern Flank
(DBN)

____________

EU:

Germany imposing checks on borders with Poland, Czech Republic
(DBN)

____________

Canada:

Canada’s Kitchener-Waterloo Symphony Files For Bankruptcy
(DBN)

Canada's House speaker steps down after honoring man who fought for Nazis
(DBN)

____________

Russia:

Drone video appears to show inflatable Russian tanks on the battlefield, highlighting the role decoys and deception are playing in the war
(DBN)

Kremlin vows first US-made M1 Abrams tanks in Ukraine will ‘burn’
(DBN)

Putin is 'running out of options' other than a full-blown ground war with NATO
(DBN)

Russian Black Sea Commander Shown on Video Call After Ukraine Said It Killed Him Dead or alive? Mystery surrounds the fate of Russia’s Black Sea Fleet commander
(DBN)

A hard-right party gathers strength in Poland, pushing a new, less friendly course on Ukraine
(DBN)

____________

China:

Pressure piles on Evergrande with chairman under police watch, liquidation risk Evergrande stock crashes again as fears of collapse grow China Evergrande Crisis Deepens: Creditors Mull Legal Action Amid Missed Payments
(DBN)

Slowing, Graying and in Debt, Can China’s Industrial Heartland Be Revived?
(DBN)

____________

MENA:

Inside Iran’s influence operation
(DBN)

____________

Hong Kong:

Novel Decision by the Court of Appeal on costs, fees and expenses following the Setting Aside of a Bankruptcy Order on appeal
(DBN)

____________

Brazil:

Brazil's Oi bags $300 mln DIP financing from BTG Pactual
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $74.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2023