April 23, 2024

The Daily Bankruptcy News

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Law:

Gender bias suit against Lewis Brisbois cites ‘sycophantic’ attorney favoritism, ‘systemic business deficiencies’
(DBN)

The Highest Average Billable Hours In Biglaw
(DBN)

Chambers’ Revenue Model Tests Law Firms’ Appetite for Exposure
(DBN)

Work Perk Alert: Are Music Rooms The Next Big Thing For Biglaw Firms?
(DBN)

Ranking The Wealth Of The Elite: Is Your Biglaw Firm 'Super Rich'? (2024)
(DBN)

Elon Musk's Attorney Responds To Sanctions Motion Over Messy Deposition Lawyer seeking sanctions ‘descended into schoolyard antics’ at deposition, Quinn Emanuel says
(DBN)

Musk Defamation Case Lawyers Prompt Judge’s Warning on Behavior
(DBN)

More 2023 law school grads find full-time jobs than in past 10 years, new ABA data shows
(DBN)

The Biglaw Recruitment Process Is Worse For Everyone
(DBN)

Judge says Manhattan DA can cross-examine Trump about Carroll, fraud decisions If Trump testifies, he can be grilled about cases he lost and gag order violations. The Trump Hush Money Case Has Turned Into A Mob Trial Trump faces contempt hearing for comments on witnesses Trump set to fight gag order over Michael Cohen posts Silent and brooding, Trump endures courtroom ordeal Trump Had To Be ‘Jolted Awake’ In Court — 4th Time At Least Trump's defense mocks the state during hush-money case opening statement Trump shakes head as Judge Merchan lays out devastating rules for his cross-examination "It's called democracy": Inside the Trump trial's opening statements Trump urges supporters to ‘go out and peacefully protest’ ahead of hush money trial’s opening arguments Trump is using the old O.J. Simpson tactics Trump's Lawyer Tries To Appeal To Jurors' New York State Of Mind In Hush-Money Trial 'Oops': Ex-prosecutor flags flaw in Trump's 'latest defense' in criminal hush money case Trump’s jury doesn’t have to like him to be fair to him Prosecution lays out 'criminal conspiracy' in historic Trump trial Law professor explains 'dynamite evidence' first witness brings to Trump criminal trial How Tabloids Used ‘Catch-and-Kill’ to Trade on Secrets of Celebrities "Eyes and ears": National Enquirer painted as key campaign player at Trump trial DA alleges Trump led scheme to bury 'porn star payoff' Alina Habba reappears in Trump courtroom — as Fox News questions absence of family members Trump Wakes Up as Prosecutor Calls Him a Liar Trump prosecutors quickly hit lawyer for claim he made to jury Trump’s Manhattan Criminal Trial Will Not Be Televised Todd Blanche Leads the Team Defending Trump in His Criminal Hush-Money Trial Meet the Team Prosecuting Donald J. Trump How The Hush-Money Trial Will In Fact Hurt Trump
(DBN)

Inside Trump’s Complicated Relationship With Law Enforcement
(DBN)

Could Trump Go to Prison? If He Does, the Secret Service Goes, Too
(DBN)

Unite the Right tiki torch man pleads guilty to assaulting cops on Jan. 6
(DBN)

Trump’s immunity case: What to expect
(DBN)

Trump gets a win in hearing over fraud trial bond Trump cedes control of the cash collateral for his $175M civil-fraud bond under new agreement with NY officials New York judge sets new conditions on Trump's civil fraud bond
(DBN)

Trump co-defendant in classified documents case was told he’d be pardoned in a second term, notes in FBI interview say
(DBN)

Jack Smith urges Mar-a-Lago judge not to make government cave to Trump’s discovery demands
(DBN)

Supreme Court agrees to hear Biden admin appeal in ghost guns case
(DBN)

Mistrial in Arizona Rancher's Killing of Migrant
(DBN)

DeSantis Migrant Flight Stunt Backfires as ‘Victim Visas’ Granted Allowing Them to Avoid Deportation and Work in U.S.
(DBN)

What the Supreme Court case on tent encampments could mean for homeless people Supreme Court grapples with anti-camping ordinances aimed at homeless Supreme Court questions challenge to Oregon city's crackdown on homeless Supreme Court divided over homeless ban and rights of the unhoused Struggling With The Status Versus Conduct Distinction? So Are The Supreme Court Justices
(DBN)

Supreme Court to consider clash of Idaho abortion ban with federal law for emergency care
(DBN)

Bank Of America Finally Embroiled In Jeffrey Epstein Scandal
(DBN)

Advocacy groups say Texas inmates are 'being cooked to death' in state prisons without air conditioning
(DBN)

Supreme Court rejects challenge to vote-by-mail restrictions in Texas
(DBN)

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Judges:

Ketanji Brown Jackson Criticism Still Racist All The Way Down
(DBN)

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Wall Street:

US futures rise as Tesla kicks off Magnificent 7 earnings season
(DBN)

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Layoffs:

Layoffs could spike as one labor-market indicator says a recession is already here, market forecaster says
(DBN)

Tesla Layoffs Draw Suit Claiming Not Enough Warning for Workers
(DBN)

Google fires more workers after CEO says workplace isn’t for politics
(DBN)

Stellantis lays off 199 at Ram 1500 plant
(DBN)

Lumen Layoffs Impact 1,000
(DBN)

Five waves of UBS layoffs to start in June, SonntagsZeitung says
(DBN)

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Autos:

Tesla slashes prices for cars and software after one of its toughest weeks yet Now's the time for Elon Musk to reveal his Tesla rescue plan — if he has one Tesla's moment of truth 'A rip the band-aid off quarter': Here's what Wall Street expects from Tesla earnings amid an epic stock skid Meet the Tesla Diehards Sticking With the Stock Despite Its Disastrous Year - WSJ Pepsi Paid For 100 Tesla Semi Trucks In 2017, But Has Only Received 36 - Tesla hasn't delivered any of the 125 trucks UPS ordered, either Tesla Fired Its Entire Ad Team
(DBN)

The West’s electric car giants now risk destroying themselves
(DBN)

China’s Cheap EVs Redraw the Map of Where Cars Get Made
(DBN)

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Politics:

Trump's map edge: Biden has tougher path to victory, veteran Dem adviser says
(DBN)

Biden Edges Trump in Two-Way Presidential Contest; Opens Up Lead Among Definite Voters
(DBN)

Trump's biggest flop ever Trump could get extra $1B this week if stock price of his media company holds: report
(DBN)

Trump leading GOP astray on abortion, Pence says
(DBN)

Bannon Slams ‘Performative’ Jim Jordan, Says House Republicans Secretly Want Trump to Lose
(DBN)

Trump blasts NY criminal case as 'Biden trial’ meant to hurt him in November election
(DBN)

Trump's all-caps, high-octane rage posting is even more intense than it was during his 2016 campaign: report
(DBN)

Trump Set for Another $1.3 Billion in Shares He Can’t Sell Yet
(DBN)

The Jewish vote could play a huge role in 2024. Pennsylvania is about to put up an early test.
(DBN)

The Freedom Caucus Started Believing in the Myth of Its Own Power
(DBN)

Marjorie Taylor Greene is Putin's Useful Idiot
(DBN)

Mike Johnson Steps Into His Power Even As He Might Lose It Trump doubles down on Mike Johnson after foreign aid vote MTG says Johnson needs to "do the right thing" and resign, or be ousted Marjorie Taylor Greene blinks on Mike Johnson ouster campaign The Accidental Speaker A Beleaguered Gentleman: Speaker Mike Johnson
(DBN)

House Republican infighting getting worse after foreign aid vote
(DBN)

Newsom hits Republicans on abortion restriction pushes
(DBN)

John Legend says Trump believes ‘to his core’ that ‘Black people are inferior’
(DBN)

RFK Jr railing against 'racially rancid' voter ID laws in unearthed writings
(DBN)

Ben Shapiro Is on the Warpath to Purge the Conspiratorial Cranks from the Right
(DBN)

U.S. ally blasts Biden's suggestion his uncle was eaten by cannibals after WWII crash
(DBN)

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Accounting:

What it's like to work at Deloitte, PwC, KPMG, and EY: pay, perks and RTO policies
(DBN)

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Hedge Funds:

Ray Dalio’s Famous Trade Is Sputtering and Investors Are Bailing
(DBN)

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Economy:

FTC: Grocers Are Gouging Consumers on Food Prices
(DBN)

High global food prices may finally see a bottom in 2024, says Oxford Economics
(DBN)

Trump and the Risk of a US Debt Default
(DBN)

Our wild spending spree
(DBN)

"The Everything War" describes how Amazon causes price inflation
(DBN)

I’m a former JP Morgan exec who now works to distribute basic income payments to those in need. Here’s why I do it.
(DBN)

The newest employer perk: Disability coverage for your kids
(DBN)

Don’t believe the naysayers: Hybrid remote work is improving employees’ mental health
(DBN)

Why couples are choosing cohabitation over marriage
(DBN)

Baltimore accuses Dali cargo ship owner, operator of negligence
(DBN)

DEI ‘lives on’ after Supreme Court ruling, but critics see an opening
(DBN)

America’s Child Care Crisis Is Holding Back Moms Without College Degrees
(DBN)

DOT: Vehicle Miles Driven Increased 1.4% year-over-year in February 2024 SA
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New York Homeowner Arrested After Changing Locks When Finding 'Squatters'
(DBN)

A homebuyer's guide to the real-estate revolution
(DBN)

MBA Survey: Share of Mortgage Loans in Forbearance Holds Steady at 0.22% in March
(DBN)

Housing April 22nd Weekly Update: Inventory up 3.0% Week-over-week, Up 30.9% Year-over-year
(DBN)

Luxury real estate prices just hit an all-time record
(DBN)

WeWork Creditors Demand Company Negotiate with Potential Buyers
(DBN)

WeWork reaches deal to retain Dumbo Heights location after bankruptcy
(DBN)

CoStar Asks Court to Reject WeWork’s Virginia Lease Review Extension
(DBN)

New York developer loses 1-year-old D.C. multifamily complex
(DBN)

Move, cut back or go bare: Florida seniors juggle skyrocketing costs, impossible choices
(DBN)

Mediation next for Souki, Ajax Holdings and lenders
(DBN)

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Municipalities:

Virgin Islands governor declares emergency to pay WAPA debt
(DBN)

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Oil/Gas:

IEA: Electric Car Revolution is On Track
(DBN)

North America Goes Back to Losing Rigs
(DBN)

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Food/Beverage:

Tijuana Flats files for bankruptcy amid tough times for restaurant chains
(DBN)

From McDonald’s to Chipotle, here are the restaurants that have decided to raise menu prices in California
(DBN)

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Healthcare:

UnitedHealth paid bad actors, says patient data compromised in Change Healthcare cyberattack
(DBN)

"Not acceptable": Doctors start to take women's pain more seriously
(DBN)

How youth gender medicine broke almost every liberal institution it touched.
(DBN)

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Sports:

Utah's new NHL team left a Phoenix suburb millions in debt
(DBN)

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Fraud:

Silicon Valley tech founder sentenced to prison for fraud
(DBN)

California unemployment fund 'insolvent' due to $55B fraud, businesses to pay
(DBN)

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Tech:

Goldman says we're still in phase 1 of AI's stock-market takeover. Here's how they expect phases 2 through 4 to play out.
(DBN)

ByteDance Plans To Go To Court If Congress Proceeds With TikTok Ban TikTok influencers fear their careers will be destroyed and their work 'deleted forever' as a US ban looms
(DBN)

IRS commissioner indicates AI will play growing role in future tax collection
(DBN)

AI can predict political orientations from blank faces – and researchers fear 'serious' privacy challenges
(DBN)

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Education:

Columbia cancels in-person classes after days of pro-Palestinian protests Columbia, Yale Get Tough on Protests as Students Refuse to Back Down Columbia holds classes virtually as Jewish leaders warn about safety amid pro-Palestinian protests Columbia protests draw bipartisan rebukes from Washington Some Jewish Students Are Targeted as Protests Continue at Columbia House members clash over antisemitism in dueling Columbia visits Billionaire donors rethink Columbia University support amid pro-Palestinian protests Columbia extends hybrid classes through end of semester Columbia Faculty Walk Out After Students' Arrests
(DBN)

Suspect arrested and charged with vandalizing Rutgers Islamic center during Eid al-Fitr
(DBN)

NYU, Michigan Launch Gaza Encampments as Yale Protesters Are Arrested Police arrest dozens of pro-Palestine protesters at Yale Police storm Yale University’s campus with riot gear, 47 arrested as hundreds stage anti-Israel protest NYU pro-Palestine protests in chaos as cops make arrests & clear tents hours after Columbia shut down classes
(DBN)

Ilhan Omar’s daughter says she’s been ‘basically evicted’ after suspension
(DBN)

DEI backlash pushes shell-shocked colleges to the right
(DBN)

House Republicans blame Greene and Freedom Caucus for lack of border wins
(DBN)

Hakeem Jeffries emerges as Congress' shadow speaker
(DBN)

Supreme Court declines to hear Kari Lake voting machine lawsuit
(DBN)

DeSantis says Satanism is ‘not real,' ‘not qualifying’ for new school chaplain program
(DBN)

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Retailing:

Express Closing 106 Stores as It Plans for Rebirth After Bankruptcy Mall Titans Team Up to Revive a Bankrupt Retail Tenant Again Express files for bankruptcy as consumers shift to casual fashion
(DBN)

Pirch files for bankruptcy one month after abrupt closure of business
(DBN)

Amazon Ends California Drone Deliveries
(DBN)

Costco shoppers are finding it's harder to sell gold than to buy it
(DBN)

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Biomass:

Gypsum biomass plant files for bankruptcy
(DBN)

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Trucking:

Key shipping company shutters operations; bankruptcy uncertain
(DBN)

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Labor:

How the UAW’s win may change the South
(DBN)

What's Driving the Changes to Child Labor Laws?
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (10 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

Small-Business Bankruptcy Rules Offer Boost for Creditors, Too
(DBN)

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Cross-Border:

The Eleventh Circuit Rules that US Assets are not Required for Chapter 15 Eligibility
(DBN)

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Bankruptcy Research:

Personal Bankruptcy Protection and Household Debt
(DBN)

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Mass Torts:

'We Fight': The Dallas Firm That Won $45M Talc Verdict Refused Johnson & Johnson's Settlement Offer
(DBN)

Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims
(DBN)

Jury: BNSF Railway contributed to 2 deaths in Montana town where asbestos sickened thousands
(DBN)

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Aviation:

TSA: Airline Travel about 5% Above 2019 Levels
(DBN)

JetBlue’s stock slides 8% premarket as Q1 loss widens significantly, CEO warns on full year
(DBN)

Emirates is dealing with a 30,000 bag backlog as it grovels to customers about its handling of Dubai floods
(DBN)

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Infrastructure:

America's bridge safety surprise: They're getting better
(DBN)

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Crypto:

Disgraced ‘crypto bro’ SBF to turn on celebrities Tom Brady and Larry David
(DBN)

Failed Mt. Gox’s $9 Billion of Bitcoin Closer to Being Disbursed to Creditors
(DBN)

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Sports:

Everton Is Back on Market as Deal With 777 Partners Falters
(DBN)

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Climate:

Hotter temperatures mean higher utility costs for millions of Americans
(DBN)

Biden is marking Earth Day by announcing $7 billion in federal solar power grants
(DBN)

Floods swamp southern China, spark extreme weather fears
(DBN)

Over 70% of world's workforce exposed to excessive heat each year, UN finds
(DBN)

First Dubai, now China city underwater after 'once in a century' floods
(DBN)

Why this summer may be especially hot in the United States
(DBN)

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UK:

The language of insolvency: why getting it wrong can harm struggling firms
(DBN)

UK Recovery From Recession Gains Momentum as PMI Beats Forecast
(DBN)

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EU:

ECB’s Guindos Says June Cut Looks Like Set Deal If No Surprises
(DBN)

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Canada:

Mallard Cottage bankruptcy casts cloud over restaurant industry as profitable summer season looms
(DBN)

Canada bet big on immigration. Now it's hitting brakes
(DBN)

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Russia:

Russia's economic strength will last another 18 months before unraveling as Putin grapples with policy 'trilemma,' think tank says
(DBN)

Ukraine says it hit one of Russia's oldest and proudest ships, continuing its rampage against the Black Sea Fleet
(DBN)

Russia may ramp up attacks on Ukraine to capitalize on the limited window it has before new US aid arrives
(DBN)

Ukraine to EU: Don’t let US aid package make you complacent
(DBN)

Poland ready to host US nuclear weapons, Duda says
(DBN)

Ukraine War Helped Push World Military Spending to 35-Year High, Study Says
(DBN)

They were promised jobs in Russia. They ended up fighting in Ukraine.
(DBN)

Putin Sets Stage for Upheaval in Another Country
(DBN)

Russia destroys Kharkiv TV tower amid new invasion fears
(DBN)

Germany Raises Pressure on US to Step Up Kyiv Air-Defense Aid
(DBN)

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MENA:

Israel's Iran attack carefully calibrated after internal splits, US pressure
(DBN)

Israeli Troops Storm Back into Khan Younis
(DBN)

Israel presses the U.S. to reconsider sanctions against IDF battalion
(DBN)

The Stark Reality of Israel’s Campaign in Gaza
(DBN)

Israel Hasn’t Offered Evidence Tying U.N. Workers to Terrorism, Review Says
(DBN)

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China:

People in China are so spooked about the economy that even the weak yuan isn't stopping them from buying more gold
(DBN)

China’s Surging Steel Exports Are Inflaming Global Trade Tension
(DBN)

US Firms Still Cautious About Investing in China, AmCham Says
(DBN)

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Haiti:

Haiti warlord ‘Barbecue’ orders gangs to ‘burn every house you find’ & storm presidential palace amid bloody coup fears
(DBN)

Biden admin restarts deportation flights to Haiti as gangs begin violent takeover
(DBN)

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India:

Co-working firm WeWork in talks to sell entire 27% stake in India unit
(DBN)

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Japan:

Japan's regional banks face fresh risks as higher rates may trigger bankruptcies
(DBN)

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Germany:

German Rebound Drives Euro-Zone Private Sector to 11-Month High
(DBN)

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South Korea:

Shadow banking stress in South Korea sends warning to global investors
(DBN)

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Argentina:

Burford Asks US Court to Hand It Argentina's Stake in YPF
(DBN)

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