September 28, 2023

The Daily Bankruptcy News

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Law:

Lawyers avoid mandatory religious liberty instruction, for now
(DBN)

Proskauer Rose Settles $636 Million Malpractice Suit Proskauer settles suit claiming 1 contract clause caused client’s $636M loss
(DBN)

Judge sanctions Buchalter over $147K for ‘unsupported arguments’ and misleading assertions
(DBN)

Polsinelli Wins Appeal in Pharma Case Faulting Use of WilmerHale
(DBN)

Law Professor Bashes 'Fragile Children' In Classes Without Cold Calling... Internet Erupts
(DBN)

Law Professor Comes Up With Ultimate Joe Biden Strategy, And It Involves Taylor Swift
(DBN)

Lawyers With Side Hustles Are Becoming More Commonplace In Biglaw
(DBN)

Texas Surprises And Sides With The First Amendment
(DBN)

The Biglaw Firms Amazon Is Betting On
(DBN)

Is It Time To Officially Say Bye-Bye To The Billable Hour Thanks To AI?
(DBN)

Law Firms Should Not Use Secretaries To Monitor Attorneys
(DBN)

Businessman jailed for targeting barristers with fake bombs
(DBN)

Trump Increases Mar-a-Lago Value Hours After Judge Rules Against Him How Much Is Mar-a-Lago Worth? Valuation of Trump Property Raises Questions
(DBN)

Could 'Trump Org II' Be Used to Escape Fraud Ruling? What We Know Ruling Against Trump Cuts to the Heart of His Identity Cohen says judge’s ruling puts Trump out of business in New York Trump on judge’s ruling he committed fraud: ‘This is not America’
(DBN)

Will the Trumps lose their homes? NY judge who dissolved Trump Org is cryptic at a tense hearing Trump Towerless? Former president could lose his iconic skyscraper, Wall Street high-rise, Westchester golf club and NY estate after judge ruled he committed years-long fraud Trump's 'corporate death penalty' explained: Veteran Manhattan fraud prosecutors describe what's next Trump Org. tries to figure out the future of its business after fraud ruling Trump could lose control of famed properties under New York fraud ruling Trump’s Business Empire at Risk of Dissolution After New York Ruling
(DBN)

Judge rips lawyers for ‘egregious’ repetition in opinion finding Trump liable for inflating finances
(DBN)

Not Surprised, But Still Horrified At The Racist Vitriol Thrown At Fani Willis
(DBN)

Fulton County DA to lawyer-turned-Trump RICO defendant: Tell it to the jury
(DBN)

Cassidy Hutchinson says she’ll be ‘fully cooperative’ on Trump prosecutions
(DBN)

Trump Asked His Lawyers for Ways to Suppress His ‘Perfect Call’
(DBN)

How Clarence Thomas’ landmark Second Amendment ruling could help Hunter Biden fight his gun charges
(DBN)

If you use any of these 9 phrases, you have ‘better etiquette skills’ than most: Public speaking expert
(DBN)

After 28 years in prison for rape and other crimes he falsely admitted to, California man freed
(DBN)

Oregon governor directs state police to disrupt fentanyl supply chain
(DBN)

New York City Tells Migrants ‘You Are Better Off’ Somewhere Else
(DBN)

Fast-food worker drew gun on customer in row over missing curly fries
(DBN)

Son allegedly kicked his father to death after the 74-year-old picked a fight
(DBN)

Man allegedly leaves his kids, ages 1 and 11, in stolen car to run away from the cops
(DBN)

Boyfriend of missing mother of 5 charged with murder 8 years after her disappearance
(DBN)

All liquor stores closed in Philadelphia after multiple stores were looted overnight
(DBN)

Hidden camera shows woman allegedly pouring bleach in her airman husband's coffee maker
(DBN)

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Judges:

Selection of Bankruptcy Judge - Western District of Texas
(DBN)

Retired Judge Posner must face suit alleging he failed to pay leader of his pro se center
(DBN)

NY Judge Spanks Trump's Lawyers For 'Frivolous,' 'Indefensible' Filings
(DBN)

Michigan Supreme Court orders all judges to use people’s preferred pronouns in court
(DBN)

CA Man Responds To Gun Seizure By Sending Judges Death Threats
(DBN)

Chemerinsky: Supreme Court will consider big cases in administrative law, gun rights, internet and social media
(DBN)

Judicial Ethics in a Populist Age
(DBN)

Aileen Cannon Is Heading for Legal Trouble
(DBN)

Democrats call on Thomas to recuse himself from Chevron case over Koch network ties
(DBN)

Judge Tanya Chutkan rejects Trump’s demand that she recuse herself from federal 2020 election subversion case
(DBN)

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Wall Street:

 

US stocks trade mixed as Treasury yields hit fresh 16-year highs
(DBN)

‘Extreme fear’ has returned to the U.S. stock market
(DBN)

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Layoffs:

Why KPMG's head of AI strategy isn't worried consultants will become obsolete
(DBN)

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Labor:

UAW boss says Trump works for ‘billionaire class’ ahead of visit Trump claims to be pro-worker. His record says he’s anti-union
(DBN)

UAW threatens to further expand strikes without progress by Friday: reports
(DBN)

Las Vegas workers authorize strike against hotels, casinos
(DBN)

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Autos:

UAW strikes threaten already vulnerable auto parts suppliers
(DBN)

Current UAW demands could increase EV prices up to $5,000 — and 'torpedo' Ford and GM's business model, analyst says
(DBN)

Obama’s auto task force head rips Biden for joining UAW picket line
(DBN)

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Economy:

U.S. consumer confidence drops to a four-month low on outlook
(DBN)

American morale remains low on economy, financial future: survey
(DBN)

60% of Americans are still living paycheck to paycheck
(DBN)

Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.
(DBN)

A 'litmus test' for a looming recession could come next quarter, says an economist who's been predicting a downturn for 18 months
(DBN)

Fed rate cuts could come sooner than expected, says former Goldman CEO Lloyd Blankfein
(DBN)

Fed’s Kashkari isn’t sure if interest rates are high enough to stop inflation
(DBN)

Rising debt among older households is a serious problem
(DBN)

Senate grabs wheel from House in bid to avoid shutdown McCarthy told conference he won’t allow vote on Senate stopgap: GOP lawmakers McConnell Weakens McCarthy’s Leverage in Government Shutdown Talks Republicans Who Want Shutdown Risk Their Constituents’ Paychecks These 19 Senate Republicans voted against advancing short-term funding bill McCarthy still lacks votes for GOP stopgap, increasing odds of a shutdown McCarthy goes all-in on border with second GOP stopgap funding attempt Gaetz: ‘We will see’ if Democrats ‘bail out our failed Speaker’ McCarthy attorney sends cease-and-desist over anti-Gaetz campaign House Republican says some colleagues have been ‘stuck on stupid’ as shutdown deadline approaches Here’s how a government shutdown would affect the military U.S. Government Shutdown Is Unlikely to Cause an Immediate Recession Housing Market Is Days Away From a Major Disruption Divided GOP set to hold first Biden impeachment hearing in face of pending shutdown
(DBN)

Biden's $15 Minimum Wage for Federal Contractors Blocked by US Judge
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Mortgage demand shrinks as interest rates hit the highest level in nearly 23 years
(DBN)

‘Rental recession’: London office vacancies hit 30-year high
(DBN)

Real-estate bubble risks are dwindling across the world with higher interest rates taking froth out the market, UBS says
(DBN)

The housing market has hit 'rock bottom' and the sales slump will last a long time, Redfin CEO says
(DBN)

Meta pays $181M to escape London office lease
(DBN)

New York Mega Mall Has Muni Bond Rating Slashed Deeper Into Junk
(DBN)

Man killed his landlord/neighbor in shooting planned since being evicted: Cops
(DBN)

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Oil/Gas:

US Shale Executives Are Bracing for Record Costs to Get Worse
(DBN)

‘Not nearly enough.’ IEA says fossil fuel demand will peak soon but urges faster action Global fossil fuel demand has to crater 25% by 2030 if the world is going to meet its climate goals, IEA says
(DBN)

Bill Gates gets real about climate change: Planting trees is ‘complete nonsense’ but the end of the oil and gas era is finally in sight
(DBN)

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Retailing:

Costco shoppers are continuing to cut back on big-ticket items, even as inflation falls, as Americans put off buying jewelry, laptops, and furniture
(DBN)

Here's why Target and Costco are having wildly different experiences with America's $41 billion shoplifting problem
(DBN)

This isn’t theft of need. A more insidious type of crime is pushing some stores to close
(DBN)

Inflation pushed the wealthy to shop at dollar stores. Now even those places are seeing people get tighter with their money.
(DBN)

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Politics:

Ingraham presses DeSantis on polling: ‘You’re at 13 percent’
(DBN)

The 2024 field braces for a ‘devastating’ fall, with drop-outs on the horizon
(DBN)

Nikki Haley crushes Joe Biden by 19 points with independent voters
(DBN)

Trump’s unfavorability tops 50 percent: poll
(DBN)

Trump’s threats to Milley fuel fears he’ll seek vengeance in second term Cassidy Hutchinson warns second Trump term wouldn’t have ‘guardrails’
(DBN)

Trump’s GOP rivals say he’s unelectable. Polls disagree.
(DBN)

Wall Street Journal knocks Trump for ‘ducking’ GOP debates 'Unhinged' Don... 'Lunacy' - WSJ
(DBN)

The Republican debate is fake
(DBN)

Trump Wants to Freeze the Election at Halftime
(DBN)

New Poll: 79% of Republicans in Iowa Considering Candidates Other Than Trump
(DBN)

Donors now eye Haley as best hope against Trump
(DBN)

Biden campaign hits Trump directly in new Michigan ad
(DBN)

Menendez pleads not guilty to corruption charges Egyptian businessman accused of bribing Bob Menendez is arrested flying into JFK airport As Menendez’s Star Rose, Fears of Corruption Cast a Persistent Shadow Durbin, No. 2-ranking Senate Democrat, calls for Menendez to resign The Swift and Stunning Downfall of New Jersey Teflon Don History Offers Democrats a Way Out of the Menendez Problem Menendez to address Senate Democrats about criminal charges Menendez ordered to turn over personal passport at arraignment
(DBN)

QAnon Believer Threatens to Kill U.S. Congresswoman He Thought Was Transgender
(DBN)

Republican Push to Protect Chocolate Milk Sparks Widespread Mockery
(DBN)

Elon Musk wants Mitch McConnell out
(DBN)

____________

Student Debt:

What happens to student-loan borrowers who miss payments starting next month
(DBN)

Senate Democrats Introduce Bill To Cancel School Lunch Debt Nationwide
(DBN)

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Student Debt:

Student loan payments are about to drain $8 billion a month from consumers, and spending will start contracting early next year
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (34 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Aviation:

Delta says it 'went too far' with SkyMiles changes that caused an uproar
(DBN)

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Litigation:

Litigation Funder Run by Harvard Dropouts Wades Into Port Spat
(DBN)

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Tech:

X owner Elon Musk largely runs the social media giant from his iPhone, employees say
(DBN)

Elon Musk's X is being used as a key 'weapon of mass manipulation' for Russian disinformation, the EU says, and warns it is 'watching' the social network
(DBN)

We asked Elon Musk's dad what he thought about the new book out on his son. He had a lot to say.
(DBN)

Linda Yaccarino was blindsided by Elon Musk's tweet announcing he had found a new Twitter CEO, and had to leave a meeting to tell her boss she was joining Twitter
(DBN)

Tech bros like OpenAI's Sam Altman keep obsessing about replacing the 'median human' with AI
(DBN)

____________

Celebs:

Pink Floyd co-founder Roger Waters accused of antisemitic behavior including swastika confetti, ‘Jew food’ remarks: report
(DBN)

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Healthcare:

St. Margaret’s Health Spring Valley files voluntary bankruptcy petition
(DBN)

Anticipated uptake of updated COVID vaccines divided along partisan lines: survey
(DBN)

As Covid Infections Rise, Nursing Homes Are Still Waiting for Vaccines
(DBN)

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Utilities:

Hawaii Utility Chief to Testify in Congress Over Deadly Maui Fire
(DBN)

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Climate:

If Hurricane Rebuilding Is Only Affordable for the Wealthy, This Is the Florida You Get
(DBN)

Ocean Acidification Set To Triple by 2100
(DBN)

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Cannabis:

Landmark marijuana financing bill set to move forward in the Senate How a cannabis bill stopped being about weed Cannabis banking bill clears Senate panel
(DBN)

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Pharma:

Behind Ozempic Media Buzz, Undisclosed Drugmaker Money
(DBN)

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Non-Profits:

Ex-Operation Underground Railroad Employees Said OUR Misled Donors, Lied to Public
(DBN)

____________

Crypto:

Bankman-Fried Pushes for Jail Release — Again — Ahead of Trial
(DBN)

Crypto Exchange Gemini Pulled Funds From Crypto Lender Genesis Months Before Bankruptcy Filing
(DBN)

____________

UK:

After Brexit, Britain and Europe embrace ever-closer union
(DBN)

‘Retail was technology’s first casualty and we think offices are next.’ Jefferies lowers rating on property firms.
(DBN)

I'm a Gen Zer living and working in England. Getting on the housing ladder feels impossible here, and not buying Starbucks won't help.
(DBN)

____________

Canada:

Most Canadians expect a recession to hit in coming year, new survey finds
(DBN)

____________

China:

India, Vietnam and Mexico are picking up the pieces of China’s broken economy
(DBN)

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Russia:

Russia's EU neighbors are banning Russian vehicles from entering their countries as the bloc toughens sanctions
(DBN)

Russia Vows to Return All Children 'Rescued' from Ukraine Upon Request
(DBN)

Ukraine Strikes Are Wiping Out Putin's Top Brass
(DBN)

Russia likely lacks the reserves to properly defend itself if Ukraine breaks through a key defensive line, experts say
(DBN)

How to Make Russia Pay to Rebuild Ukraine
(DBN)

Russia’s Back-From-the-Dead Admiral Insists ‘Nothing Happened’
(DBN)

Ukrainian attacks on Russia's Black Sea Fleet have been causing more damage than ever and Moscow's fleet is likely losing its ability to defend itself: UK intel
(DBN)

____________

MENA:

U.S. allows Israeli citizens to travel to U.S. visa-free as Israel joins a select group of countries
(DBN)

____________

Mexico:

Corpses, body parts of 12 people strewn across Mexico's Monterrey in spate of violence
(DBN)

____________

Argentina:

Argentina Poverty Rate Above 40% Fuels Despair Ahead of Vote
(DBN)

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