April 17, 2024

The Daily Bankruptcy News

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Law:

Just How Good A Year Was 2023 For Biglaw?
(DBN)

Biglaw Firm Shunned Office Attendance Mandates... Now 'Expecting' Two Days A Week
(DBN)

Akerman Appoints Michael Goldberg as Bankruptcy and Reorganization Practice Group Co-Chair
(DBN)

Manatt Adds Bankruptcy and Financial Regulatory Advisers to New York Office
(DBN)

Ex-Wall Street Lawyer Finds Work-Life Balance
(DBN)

Winston & Strawn Settles Copyright Suit Claiming It Copied Brief
(DBN)

Law schools examine pedagogy as NextGen bar exam looms
(DBN)

Lawyer arrested for allegedly assaulting woman, then fakes seizure
(DBN)

Fired Recruiter's Sexual Assault Suit Against Major, Lindsey & Africa Abandoned by Bankruptcy Trustee
(DBN)

Staffing firm BaronHR pays $2.2M to settle claims it acquiesced to biased client requests
(DBN)

UK: Exam chaos: Kaplan issues apology after 175 students wrongly told they’d failed SQE 'Omnishambles': Law school bosses react to SQE exam fiasco Students who had TCs canceled among those hit by Kaplan SQE blunder
(DBN)

Quinn Emanuel Proposes Using Time Travel To Avoid Sanctions Motion
(DBN)

Law firm Kirkland conflicted in Invitae bankruptcy, DOJ watchdog says
(DBN)

Lawyer Screw Up Leads To Couple's Divorce. Judge Refuses To Fix It.
(DBN)

Jury selection underway on Day 2 of Trump criminal trial First 6 jurors chosen after ex-prez accused of intimidation Trump Fell Asleep Again at Day Two of Hush Money Trial Did Donald Trump fall asleep in court? Why the trial is posing challenges for reporters and the public Trump lawyer Habba calls reports he’s falling asleep in court ‘unlikely’ Hush-money judge angrily scolds Trump, suggesting he tried to intimidate prospective juror: 'I will not tolerate that' Trump steps up efforts to discredit criminal trial Trump, the defendant, confronts courtroom reality Trump's social media posts follow him to courthouse On Day 2, Trump met some of his jurors. His lawyers met their social media accounts. Haberman: Trump ‘made a pretty specific stare’ after report he dozed off during trial Donald Trump brings his campaign to the courthouse as his criminal hush money trial begins Frustrated Judge Runs Overtime at Trump Hush-Money Trial The first 7 jurors for Trump’s hush money trial have been chosen Here are the first 7 jurors picked to serve on Trump’s hush money trial 5 things to know as Trump’s trial jury takes shape Potential Jurors In The Trump Hush Money Trial Take Note The reality of being a criminal defendant on trial finally dawned on Trump. He didn’t take it well 'Take off the Gag Order!' Trump spits hot rage at Judge Merchan in early morning rant Trump moves to flip the script on New York trial Trump says hush money judge is running ‘rough shod’ over his lawyers Trump keeps complaining his Manhattan trial is keeping him off the campaign trail, but it's his own legal strategy that will drag it out Manhattan DA urges hush-money judge to hold Trump in contempt and warn of 'incarceration' On day 2 of jury selection, Trump gives glimpse into defense: It wasn't me Alina Habba says Trump can't have fixed hush money payments because 'he was in Washington' Trump “is not above the law,” N.Y. prosecutors tell judge in contempt motion The basic problem with putting Trump on trial 'Trump hasn't admitted that': Fox News host makes embarrassing slip in hush money coverage Juror dismissed from hush money trial said seeing Trump in person was ‘jarring’ Trump looks to weed out jurors over political social media posts Melania Trump Avoids the Courtroom, but Is Said to Share Her Husband’s Anger Trump Witnesses Could Include Giuliani, Steve Bannon, Stormy Daniels And These Others In Hush Money Trial 'Everyone and their mother': Trump team and prosecution grapple with visceral opinions of the former president
(DBN)

‘Not the only evidence of justification’: Trump lawyers acknowledge civil fraud bond was issued without ‘certificate of qualification’ but say AG’s complaint ‘should be set aside’ anyway Trump Demands Sanctions On AG For Noticing That His Civil Fraud Bond Reeks To High Heaven
(DBN)

Historians File Legal Briefs on Trump Immunity
(DBN)

Trump Is Still Paying Hush Money—to His Loyal Bean-Counter
(DBN)

Pro-Trump news network settles election fraud defamation claim with Smartmatic Smartmatic suddenly drops 2020 election lies suit against OAN in 'confidential settlement'
(DBN)

Confused MAGA fans harass professor named Mike Lindell thinking he's the pillow guy
(DBN)

Florida man allegedly beat his wife in the head because she would not let him drive
(DBN)

'She's cuckoo pants': Attorneys mock Trump lawyer for 'due process' remark
(DBN)

Supreme Court takes its deepest plunge into Jan. 6, with possible implications for Trump Supreme Court casts doubt on obstruction charges against hundreds of Jan. 6 rioters SCOTUS seems divided over obstruction charge in Jan. 6 case Supreme Court Questions Jan. 6 Riot Charge as Trump Case Looms Supreme Court justices signal wariness of law used for Jan. 6 prosecutions Clarence Thomas questions the prosecutions of Jan. 6 rioters January 6 insurrectionists had a great day in the Supreme Court
(DBN)

Senate Democrats split as Biden eyes strict border move How Biden and Trump compare on border crossings and immigration Border Crisis Is Personal in Battleground US House District The lies about the border Americans choose to believe Social media is revolutionizing migration into the US — and spreading dangerous misinformation
(DBN)

Montana abortion rights group launches ballot initiative
(DBN)

OJ Simpson was chilling with a beer on a couch before Easter, lawyer says. 2 weeks later he was dead
(DBN)

Number of homicides plummets in major U.S. cities
(DBN)

Defiant 70-year-old mother who stabbed man to death with cane blade learns her fate
(DBN)

Mom who fell for 'Rent-a-Hitman' site sentenced for epically failed murder-for-hire plot
(DBN)

Senator Menendez, Charged in Bribery Scheme, May Blame His Wife
(DBN)

Ohio man fatally shot Uber driver after scam phone calls targeted both of them, authorities say
(DBN)

Widower sues sheriff's department after wife drowns handcuffed in back seat of patrol car
(DBN)

Wife of Harvard morgue manager pleads guilty for her role in cadaver trafficking scheme
(DBN)

Marine who firebombed Planned Parenthood and hoped for 'race war' gets prison time
(DBN)

Mother sentenced to prison for lighting 8-year-old son on fire for making a mess
(DBN)

Jury convicts disgraced BLM activist of fraudulently profiting from George Floyd's murder
(DBN)

Man who once told court 'go to hell' guilty of murder after he represented himself
(DBN)

Fake priest preyed on churches across US in string of robberies, California cops say
(DBN)

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Judges:

Kirkland, Jackson Walker to Be Sued Over Judge Romance Again
(DBN)

Jackson blasts fellow justices over shadow docket ruling on Idaho transgender ban
(DBN)

The Supreme Court effectively abolishes the right to mass protest in three US states
(DBN)

Jeffrey Toobin blasts Clarence Thomas as a ‘disgrace’ over posture on Jan. 6
(DBN)

Lawmakers seek disavowal of Supreme Court's racist 'Insular Cases' that limited rights of people in U.S. territories
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Wall Street:

Stock futures rise as S&P 500 looks to snap 3-day losing streak
(DBN)

The stock market could still face a 10% correction even as the Fed nails a perfect 'no landing' economic recovery, market vet says
(DBN)

Markets could tank if the Fed doesn't cut rates soon, and failure to do so could lead to a hard landing in 2025, chief economist says
(DBN)

The stock market just flashed bullish a signal suggesting 19% upside by August 2025, BofA says
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Layoffs:

Tesla layoffs have reportedly also hit its international offices Texas Tesla Workers Blindsided by Layoffs
(DBN)

Oberweis Dairy plans to close plant, lay off 127 workers
(DBN)

Layoff Whiplash Scars Workers Who Find New Jobs Only to Lose Them
(DBN)

Toshiba to Cut 5,000 Jobs in Latest Bid to Restructure, Nikkei Reports
(DBN)

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Tech:

An accounting firm hired to vet Truth Social's financials quit after less than a year because it no longer wanted to be linked to Trump Trump’s stock tumbles again after Truth Social announces it’s getting into streaming Biden’s dig at Trump Media stock plummet draws laughs from crowd 'Poised to go down': Trump Media's $7.2 billion tumble spurs dire warnings from analysts
(DBN)

America's AI job hotspots, mapped
(DBN)

Verified pro-Nazi X accounts flourish under Elon Musk
(DBN)

Tesla Asks Shareholders to Re-Ratify Musk’s $56 Billion Payout
(DBN)

Not even Tesla can hide from market forces
(DBN)

First AI beauty pageant slammed as 'creepy and dumb'
(DBN)

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Financial Literacy:

Texas and California among states lacking personal finance education
(DBN)

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Crypto:

Creditors’ Claim to Filecoin Mining Rigs Survives Attempt to Dismiss Bankruptcy Complaint
(DBN)

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Economy:

The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates
(DBN)

Fed’s Beige Book Holds Clues to Predicting Downturn, Study Shows
(DBN)

Risk of a global recession is minimal, IMF economist says
(DBN)

Industrial Production Increased 0.4% in March
(DBN)

Powell Says Inflation Progress Has Stalled, Rates Will Hold Steady for Longer
(DBN)

Dropbox CEO says employees appreciate remote work more than cushy office perks: 'they value flexibility a lot more than snacks'
(DBN)

IMF Steps Up Its Warning to US Over Spending and Ballooning Debt ‘Something will have to give:’ IMF sounds alarm on US debt
(DBN)

Why child care costs are soaring
(DBN)

The “Tepid Twenties”: IMF projects slow global growth this decade
(DBN)

Employers must provide accommodations for abortions, contraception under new rule New rules say Pregnant Workers Fairness Act covers accommodations for abortion
(DBN)

House GOP looks for reset on government funding
(DBN)

Here's what Mark Cuban's $275.9 million in taxes would cover for the US government
(DBN)

Where kids have the most — and least — opportunity
(DBN)

Welcome to Pricing Hell
(DBN)

Migration is Upending Governments in Surprising Places, Unpredictable Ways
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Lawler: Early Read on Existing Home Sales in March
(DBN)

US 30-Year Mortgage Rate Rises to a Four-Month High of 7.13%
(DBN)

Housing Starts Decreased to 1.321 million Annual Rate in March Single Family Starts Up 22% Year-over-year in March; Multi-Family Starts Down Sharply
(DBN)

Teachers can’t afford to live near schools. Some cities adopt a radical housing idea
(DBN)

Foutch Brothers wage legal battle with bank over student housing building
(DBN)

WeWork keeps its largest Philadelphia lease amid global downsizing
(DBN)

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Oil/Gas:

Expect financial fallout when the fossil fuel bubble finally bursts
(DBN)

Rising Middle East Risk Sparks Fear of $100 Oil
(DBN)

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Retailing:

Luxury Labels Hit by Soaring Number of Chinese Returning Goods
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Tax:

A tax mystery: Why are fewer people getting refunds?
(DBN)

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Banking:

Bank of America's dealings with Leon Black and Jeffrey Epstein are in the Senate's crosshairs
(DBN)

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Food/Beverage:

Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Red Lobster considering bankruptcy filing: report
(DBN)

Craft beer industry sees worst ever slump in 2023 production
(DBN)

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Media:

Strategic buyers breathe new life into struggling media outlets
(DBN)

Dozens of Alden newspapers run coordinated editorials slamming Google
(DBN)

News publishers group urges government to investigate Google for blocking some California news outlets
(DBN)

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Student Debt:

Biden’s new student debt relief proposal aims to avoid Supreme Court fate
(DBN)

Biden’s new student debt relief plan estimated to cost $84B: Penn analysis
(DBN)

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Sports:

Gap between Caitlin Clark's WNBA salary and her male counterparts draws outrage
(DBN)

Federal appeals court overturns West Virginia's transgender sports ban
(DBN)

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Politics:

Second Republican backs effort to oust Speaker Mike Johnson from power Defiant Johnson says he’s not resigning after GOP Rep. Massie tells colleagues he’s going to cosponsor motion to vacate him "We are screwed": 2nd House Republican joins Mike Johnson ouster effort Democrats throw Johnson a lifeline on motion to vacate GOP tensions erupt over Mike Johnson ouster threat Democrats warn Mike Johnson: Don’t play us on foreign aid Republican dodges when asked if ousting Speaker Johnson makes his party look strong Mike Johnson faces bruising forever war to hold onto his job GOP's discharge petition talk grows as Ukraine aid languishes Freedom Caucus chair downplays Johnson ouster
(DBN)

NPR suspends editor who claimed left-wing bias at outlet had ‘lost America’s trust’
(DBN)

Biden fund gets big donation from son of Republican megadonor Larry Ellison
(DBN)

Trump gave MAGA politicians permission to move left on abortion. Some are taking it.
(DBN)

Trump hates the EU so much he ‘makes me look like a Europhile,’ says Brexit champion Farage
(DBN)

Iran attack widens rift between activist left and Dem moderates
(DBN)

US Senate seen swiftly ending impeachment of Biden's top border official
(DBN)

Mayorkas impeachment sparks partisan Senate battle
(DBN)

Sen. Tom Cotton doubles down on comments urging people to 'forcibly remove' protesters blocking traffic
(DBN)

Kari Lake suggests supporters 'strap on a Glock' to be ready for 2024
(DBN)

Michigan Democrats win special elections, regain full control of state government
(DBN)

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Celebs:

Bet Gordon Ramsey Feels Like An Idiot Sandwich For Letting This Happen To His Pub
(DBN)

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Fraud:

Insider trading cases show need for remote-work ground rules
(DBN)

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Labor:

VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions
(DBN)

Republican governors from six states condemn UAW campaigns, citing potential for layoffs
(DBN)

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Water:

‘Water is more valuable than oil’: the corporation cashing in on America’s drought
(DBN)

Dozens of Texas water systems exceed new federal limits on 'forever chemicals'
(DBN)

Hedge Funds Including Millennium Are Shorting UK Water Companies
(DBN)

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Climate:

Global coral bleaching a warning, "not a death sentence" Great Barrier Reef faces historic bleaching from "perfect storm of threats"
(DBN)

Storm dumps heaviest rain ever recorded in desert nation of UAE Photos of torrential Dubai flash floods show the downsides of trying to control the weather Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding UAE government unit denies cloud seeding took place before Dubai floods
(DBN)

FEMA is making an example of this Florida boomtown. Locals call it ‘revenge politics.’
(DBN)

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Banking:

Bankers Hit With Millions in Breakup Fees for Ditching New Jobs
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
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Recent Ch. 11/9/12/15 Adversary Proceeding Filings (6 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Strategy:

One Step Ahead: Restructuring Considerations in an Uncertain Economic Climate
(DBN)

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Mediation:

An In-Court Dispute Over Mediation Confidentiality (In re Barrets Minerals)
(DBN)

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Mass Torts:

Bankruptcy by Another Name
(DBN)

Santa Fe Archdiocese back in court as abuse survivor claims violation of settlement
(DBN)

Purdue Pharma, Bankruptcy, and Procedural Justice
(DBN)

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Bankruptcy Research:

Intergenerational Effects of Debt Relief: Evidence from Bankruptcy Protection
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Discharge:

Collection Costs of a Non-Discharged Debt Also Are Non-Discharged
(DBN)

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Bankruptcy Crimes:

Dolton official accused of bankruptcy fraud Senior Administrator for Dolton, Ill. And Thornton Township, Ill. Charged in Federal Court With Bankruptcy Fraud
(DBN)

Pere Marquette Hotel Developers Sentenced to a Combined Five and Half Years in Prison for Mail Fraud, Money Laundering and Bankruptcy Charges
(DBN)

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Venue:

Fifth Circuit’s Ho Cites ‘Political Attacks’ on Judge Shopping
(DBN)

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Aviation:

Boeing whistleblower says 787 fleet should be grounded Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes United: Boeing Has Cost Us $200 Million United Airlines slashes 2024 aircraft-delivery plan as Boeing crisis leads to delays
(DBN)

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Education:

DeSantis signs bill limiting book objections in school libraries 'Banned in the USA'
(DBN)

Antisemitism has no place on college campuses but debate does, Columbia president says Columbia seeks to avoid the Harvard trap at antisemitism hearing
(DBN)

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Mining:

Biden set to deny approval for mining company’s road through Alaskan wilderness
(DBN)

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Agribusiness:

The dairy industry really, really doesn’t want you to say “bird flu in cows”
(DBN)

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Maritime:

Oregon’s Port of Portland to Suspend Container Operations as Losses Grow
(DBN)

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Healthcare:

Private Equity Healthcare Bankruptcies are on the Rise PE-Owned Health Care Saw Surge in 2023 Bankruptcies, Report Says
(DBN)

Bankruptcy judge confirms Madera Hospital reopening plan, overrules community objection
(DBN)

Change cyberattack expenses expected to exceed $1 billion
(DBN)

Rise and grind? Working late, volatile hours may lead to depression, illness by 50
(DBN)

The U.S. has come up with its own global strategy to thwart the next pandemic
(DBN)

Physician assistants' push for a rebrand gains steam
(DBN)

Several attorneys general made ‘abusive legal demands’ to get trans patients’ medical records, senators allege
(DBN)

The Mexican state closest to Arizona bans most abortions, setting up a regional void
(DBN)

Ohio judge blocks ban on gender-affirming care for minors
(DBN)

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Sovereigns:

IMF Board backs key change to lending-into-official-arrears policy
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UK:

Long-term sickness surges to record high as labor crisis deepens
(DBN)

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MENA:

Restraint or retribution? Israel faces dilemma in its response to Iran’s attack Iran vows to strike with weapon ‘never used before’ as Israel pledges they won’t ‘get off scot-free’ after missile blitz Blinken: Escalation with Iran is not in U.S. or Israel's interests World braces for Iran-Israel cyberattacks following missile attack Iran president warns of ‘massive’ response if Israel launches ‘tiniest invasion’ Israel says it will retaliate against Iran. These are the risks that could pose to Israel Former Israeli Prime Minister urges his government not to respond militarily to Iran’s attacks
(DBN)

Hamas slashes number of hostages it is willing to release in ceasefire deal, Israeli source says
(DBN)

Pro-Palestine protests across US close airports, roads and Golden Gate Bridge
(DBN)

‘It’s death there’: babies and children hit hardest as famine tightens hold on Gaza
(DBN)

Treasury to green-light new Iran sanctions after Israel attack
(DBN)

Facing a Republican revolt, House Speaker Johnson’s plan for US aid to Ukraine, Israel and allies uncertain
(DBN)

House approves resolution condemning Palestinian rallying cry as antisemitic
(DBN)

Digital 'sleuths' fuel misinformation after Iran strikes
(DBN)

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Russia:

Ukraine ‘ran out of missiles’ to thwart Russian strike on power plant, Zelensky says
(DBN)

Zelensky urges West to shoot down Russian missiles like they did for Israel!
(DBN)

Ukraine says it used 7 exploding drones to take out a $100 million Russian radar system
(DBN)

A Russian tank was seen charging into battle with a giant, makeshift metal roof on top of it as Ukraine leans into drone attacks
(DBN)

Civil war hits House GOP over foreign aid Johnson takes plunge on Ukraine aid in face of ouster threat
(DBN)

Why Ukraine is losing the war with Russia
(DBN)

Ukraine’s Northern City Hit by Deadly Russian Missile Attack
(DBN)

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China:

China Says No Bullet Trains, Vacations Or Luxury Stays For Debt Skippers As Delinquency List Soars to 8M
(DBN)

China's government is helping fuel the U.S. fentanyl crisis, House panel reveals
(DBN)

China picks its lowest-scoring officers to command nuclear submarines
(DBN)

Biden may triple tariffs on Chinese steel and aluminum Biden Seeks Higher Tariffs on Chinese Steel, Aluminum to Support US Firms
(DBN)

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Belgium:

The reformed Belgian Restructuring Law: new tools for distressed M&A in Belgium
(DBN)

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India:

IBC provides best case scenario only for financial creditors, operational creditors losing: Om Prakash Ellanty
(DBN)

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Australia:

Navigating Chapter 11 Restructurings in Australia: How Important is Recognition?
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