April 3, 2024

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:

Biglaw Merger Activity Very Likely To Soar To New Heights In 2024
(DBN)

Simpson Thacher's Gift To Associates Goes Over Like A Lead Balloon
(DBN)

Wachtell, Goodwin Top Q1 League Tables as Global M&A Value Jumps 38%
(DBN)

Fennemore Craig makes another mass lawyer hire, leading to closure of Denver law firm
(DBN)

Mum's The Word On Shearman's U.S. Partner Departures Ahead Of A&O Merger
(DBN)

Am Law 200 Firm, 'Working Differently,' Will Move to Smaller Space
(DBN)

WilmerHale Grew Meta Platforms’ Legal Bills by 12% Last Year
(DBN)

Ex-paralegal at Chicago law firm gets 2 years for embezzlement
(DBN)

Number of February MBE test-takers has rebounded from pre-pandemic era, but how are national mean scores?
(DBN)

Affirmative Action Bans Have A Tremendous Impact On Law School Diversity
(DBN)

Law deans oppose proposal to accredit online law schools
(DBN)

Top Recruiter Major Lindsey & Africa Hit by Racial Bias Suit
(DBN)

Major Lindsey & Africa 'Blackballed' Associate Who Sued Troutman, Suit Claims
(DBN)

Judge refuses to toss suit claiming lawyer, a Civil War buff, played ‘Dixie’ and watched disturbing racist videos at work
(DBN)

‘Nerd’ lawyer spotted differing 3-point lines at NCAA women’s tournament; ‘once you saw it, you couldn’t unsee it’
(DBN)

Maybe We've Got The Artificial Intelligence In Law 'Problem' All Wrong
(DBN)

Trump keeps falsely claiming New York charged him millions to appeal fraud case Fact check: Trump falsely claims, again, that he had to post bond to appeal civil fraud decision
(DBN)

‘It’s clearly strategic’: Why Trump kept attacking judges’ families ‘He really pushes the boundaries’: Trump challenges judges trying to rein him in Trump Fails To Persuade Court That Attacking Family Members Is 'Core First Amendment' Speech Trump fires back after judge expands gag order: ‘This judge should be recused’ Trump Posts Fox News Clip Slamming Judge’s Daughter Literal Hours After New Gag Order Ruling Trump ramps up attacks on judges, sparking concerns as criminal trial nears Trump makes new request seeking recusal of judge in hush money case Trump ally files complaint about judge who criticized Trump attacks on judiciary Trump Calls Judge "Whacked Out Nut Job"
(DBN)

Trump 'Could Be Looking at Jail' If Convicted in Hush Money Case
(DBN)

Trump Attorney is Officially Disbarred
(DBN)

'Mark my words I will kill you': Man threatened judge, NY AG in Trump fraud case, cops say
(DBN)

Billionaire 'king of subprime car loans' backed Trump's $175million bond in New York fraud case and says former president provided his collateral in cash From 'practical impossibility' to done deal: How Trump posted a $175M bond in his civil fraud case
(DBN)

Poll: Most Americans want Supreme Court to reject Trump immunity claims
(DBN)

Mark Meadows claims he has immunity from state prosecution in Georgia Trump RICO case
(DBN)

GOP probes Justice Department on Biden whistleblowers
(DBN)

Judge destroys Hunter Biden's bid to throw out tax case based on 'virtually no evidence'
(DBN)

Peter Navarro asks Supreme Court to set him free after 15 days in jail
(DBN)

Several Trump supporters involved in Jan. 6 are running for office this year
(DBN)

Arizona abortion rights amendment backers says they've gathered signatures needed for 2024 ballot Florida Abortion Rulings Keeps Issue Front and Center in November - WSJ Trump vows he'll have a 'statement' on abortion 'next week'
(DBN)

Wisconsin governor vetoes transgender athlete ban
(DBN)

Democratic senator eyeing bill to repeal Comstock Act
(DBN)

New York inmates are suing to watch the solar eclipse after state orders prisons locked down
(DBN)

Decades passed before arrest in student's brutal death. Now her family has doubts about the DA
(DBN)

Oregon governor signs law recriminalizing drug possession
(DBN)

Migrants Can Sue Firm Who Flew Them to MA 10,000 Migrant Crossings a Day Upend the US Presidential Election
(DBN)

Man who tried to kill wife at beach by 'burying her in a hole in the sand' learns his fate
(DBN)

'Stop shooting her!': Shocking video shows cops killing unarmed teen kidnapping victim Teen, reported kidnapped, was fatally shot by deputies as she obeyed their commands, video shows
(DBN)

Shocking new footage shows FBI raid on Diddy's LA mansion as heavily-armed agents march his sons through house at gunpoint, pin them against walls and park armored tanks outside
(DBN)

______________

Judges:

Florida man sentenced to 14 months in prison for threatening to kill Chief Justice John Roberts
(DBN)

Special counsel blasts judge in Trump documents case Trump Judge Assailed by Prosecutor Over ‘Flawed’ Trial Planning Jack Smith takes a wrecking ball to Aileen Cannon's proposed jury instructions
(DBN)

Artificial intelligence could make originalist analysis easier, federal appeals judge says
(DBN)

Something Other Than Originalism Explains This Supreme Court
(DBN)

Indicted, suspended judge resigns after bond revoked for having cocaine in system: Reports
(DBN)

'Man up': Judge says corrections staff should stop asking for time between executions
(DBN)

100+ organizations voice support for Biden judicial nominee Adeel Mangi, condemn ‘baseless attacks’
(DBN)

______________

Wall Street:

Former Weil Gotshal Partner Alfredo Perez Tapped as Houston Bankruptcy Judge - WSJ
(DBN)

Dow tumbles nearly 400 points, falling for a second day in rough start to new quarter
(DBN)

The IPO market is starting to thaw after a 2-year freeze, signaling more upside ahead for the stock market
(DBN)

A stock bubble is at risk of forming if the Fed cuts rates this year, warns 'Big Short' investor Steve Eisman
(DBN)

______________

Layoffs:

Overhiring Blamed For Layoffs
(DBN)

Dozens of UT Austin employees in DEI-related roles to be laid off
(DBN)

Trucking giant to lay off 677
(DBN)

______________

Retailing:

Express could file for bankruptcy soon Retailer Express holds talks for bankruptcy financing Apparel retailer Express may file for bankruptcy as soon as next week
(DBN)

Near-Bankrupt Outdoor Voices Sued for $2.5 Million By Jilted Supplier
(DBN)

Amazon Grocery Stores Ditch Just Walk Out
(DBN)

____________

Fraud:

Exiled Chinese businessman Guo Wengui must face US fraud indictment
(DBN)

Trial over $1.8 bn fraud at Malaysia’s 1MDB opens in Switzerland
(DBN)

____________

Gig Economy:

America's hotspots for app-based work, mapped
(DBN)

____________

Maritime:

American Cruise Lines Gains Four New Ships From Bankrupt Fleet
(DBN)

____________

Textiles:

Multiple bids received for textile recycler Renewcell
(DBN)

____________

Climate:

Fed Blocks Tough Global Climate-Risk Rules for Wall Street Banks
(DBN)

California emits more of this little-known greenhouse gas than all other US states combined
(DBN)

____________

Agribusiness:

Major poultry farm to cull nearly 2 million chickens after positive bird flu test
(DBN)

Wait, does America suddenly have a record number of bees?
(DBN)

____________

Trucking:

Trucking Firm Fights NLRB Order to Reopen Operation It Shuttered in 2020 Amid Strike Rumors
(DBN)

____________


Economy:

BLS: Job Openings Little Changed at 8.8 million in February
(DBN)

Skyrocketing US debt could trigger market shock, CBO chief says Deficit Danger Worse Than CBO Predictions
(DBN)

World Labor Markets Defy Odds and Force a Reset of Rate-Cut Bets
(DBN)

Gold Hits Record as Silver Surges on Outlook for Fed Rate Cuts
(DBN)

The Fed's first rate cut is still on pace for June with inflation dropping like a rock, Fundstrat's Tom Lee says Fed official rules out May rate cut Fed officials still expects rate cuts this year, but not anytime soon Why the Fed's first rate cut could be delayed until March 2025 if inflation stays stubbornly high
(DBN)

'I can't charge $20 for a Happy Meal': McDonald's franchisee responds to California's new fast-food worker wages
(DBN)

How did the cost of food delivery get so high?
(DBN)

Yellen to Visit China for Top-Level Economic Talks What’s at stake as Treasury Secretary Janet Yellen visits China Biden Talks to Xi About Conflicts, From Ukraine to the Pacific
(DBN)

Cyberattacks are now small-business owners' worst fear
(DBN)

Retirement crisis looms as Americans struggle to save
(DBN)

Second channel opened, allowing some vessels to bypass wreckage at the Baltimore bridge collapse site
(DBN)

US Economy Performs Far Better Under Democrats Than Republicans: Study
(DBN)

Trump’s Tariffs Plan Would Raise Prices for Americans, Model Shows
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

WeWork Confident It Will Exit Bankruptcy by May 31 WeWork Predicts $8 Billion in Rent Savings After Bankruptcy Ends
(DBN)

Insurance trends are deciding where Americans will live as planet heats
(DBN)

Majority of older homeowners plan to stay in their home as they age: Redfin
(DBN)

A record 550 cities now have average home values above $1 million
(DBN)

Office Vacancy Rate Nears 20% to Set Fresh Record, Moody’s Says
(DBN)

Here’s what upgrading to a nicer home could cost you, and why it’s locking up the market
(DBN)

Freddie Mac House Price Index Increased in February; Up 5.9% Year-over-year CoreLogic: US Home Prices Increased 5.5% Year-over-year in February
(DBN)

Multigenerational housing is coming back in a big way
(DBN)

You can’t afford to buy a house. Biden knows that.
(DBN)

California is building fewer homes. The state could get even more expensive
(DBN)

North Carolina tried to rebuild affordable housing after a hurricane. It took half a decade.
(DBN)

Judge approves $2.3 million bid to buy Chris Pettit's San Antonio mansion
(DBN)

____________

Municipalities:

Moody upgraded Detroit's credit rating upgrade — but not enough has changed
(DBN)

____________

Oil/Gas:

U.S. crude oil cracks $85 to hit highest level since October as geopolitical tensions mount
(DBN)

Gas Mogul Charif Souki Owes Lenders $100 Million, Judge Says
(DBN)

____________

Education:

Students learning ESL at risk as pandemic funding dries up
(DBN)

Ye wanted to shave Donda Academy students' heads and lock kids in cages, ex-employee says in lawsuit
(DBN)

Conservatives hope for major education changes if Trump wins
(DBN)

Okla. Supreme Court considers nation’s first religious charter school
(DBN)

Federal judge sends grandma, two others to prison for running nursing-school ‘diploma mill’
(DBN)

____________

Tech:

ConvergeOne Reaches Restructuring Deal, Nears Bankruptcy Filing
(DBN)

An A.I. Researcher Takes On Election Deepfakes
(DBN)

Gen Z workers say they get better career advice from ChatGPT
(DBN)

Elon Musk's having a terrible year How Elon Musk pushes misinformation on voting, immigrants
(DBN)

Our AI future is about to make one basic resource insanely valuable
(DBN)

Top musicians among hundreds warning against replacing human artists with AI
(DBN)

Decentralizers look to break giants' hold over AI
(DBN)

Trump Sues Truth Social Company Co-Founders to Zero Them Out Trump social media company sues co-founders, alleging ‘reckless and wasteful’ decisions Mary Trump Raises Alarms About Truth Social 'Scam'
(DBN)

Solar eclipse conspiracy theory sweeps USA
(DBN)

____________

Religion:

Benedict backed me up on rights for LGBTQ couples, Pope Francis says
(DBN)

____________

Crypto:

The next crypto sentencing: Binance's "CZ" set for April 30
(DBN)

Coder's cooperation sped up Sam Bankman-Fried case
(DBN)

____________

Healthcare:

Most of Mercy Iowa City’s bankruptcy dissolution earmarked for bondholders
(DBN)

Sientra Announces Completion and Winning Bidders of its Section 363 Sales Auction
(DBN)

Planned Parenthood now provides vasectomies in Phoenix as demand increases
(DBN)

Bird flu jumped to cows, then to a human. Should we be worried?
(DBN)

The Doctor Will Ask About Your Gun Now
(DBN)

____________

Newspapers:

Owner of newspaper raided by police accuses mayor, law enforcement of revenge
(DBN)

____________

Politics:

Young Wisconsin progressives lead the latest protest vote against Biden over Gaza Democrats fear Israel-Hamas war could cost them in November Protests Over Gaza Intensify at American Art Museums The Appalling Tactics of the ‘Free Palestine’ Movement
(DBN)

Divided, but Americans Still Agree on Core Values
(DBN)

Biden steps up efforts to court Haley voters
(DBN)

White House thanks Daily Caller for retracting story on religious Easter egg ban
(DBN)

Antony Blinken appoints chief diversity and inclusion officer months after role became vacant
(DBN)

Trump allies want to focus on ‘anti-white racism’ 2:03
(DBN)

Biden Critics Push Democrats to Submit Blank Ballots in New York
(DBN)

Conservative media sours on RFK Jr. as an independent
(DBN)

"The backlash is real": Behind DEI’s rise and fall
(DBN)

"That's a risk": Mike Johnson warns Jeffries could become speaker
(DBN)

Gallego posts $7.5 million haul in Arizona Senate race
(DBN)

How Trump’s greatest policy triumph could derail his bid to win back the White House
(DBN)

Trump reprises 'bloodbath' claim in immigration speeches
(DBN)

McConnell-Trump relationship icy as ever
(DBN)

Trump returns to Wisconsin with false claims that he won the state in 2020
(DBN)

Latin Diplomacy Devolves Into Schoolyard Taunts
(DBN)

Oklahoma official with 'white nationalist' ties is ousted in recall vote
(DBN)

White House Rejects Tying Ukraine Aid to Reversing Natural Gas Policy
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (52 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (13 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Increase Across All Chapters in First Quarter 2024 - Commercial Chapter 11s Up 43 Percent
(DBN)

Early Stage Capital Raising Trends in Chapter 11 Reorganizations
(DBN)

______________

Mass Torts:

Sacramento Diocese Files for Bankruptcy in Wake of More Than 250 Abuse Allegations
(DBN)

Despite ruling, we should look back at Church abuse scandals
(DBN)

Bankruptcy by Another Name
(DBN)

____________

Bankruptcy Abuse:

Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers—Appellate Courts (Part 5)
(DBN)

____________

Venue:

Groups urge US Senate panel’s chair to conduct oversight of ‘judge shopping’
(DBN)

Texas Federal Courts Will Ignore Policy on Judge Shopping
(DBN)

X filing “thermonuclear lawsuit” in Texas should be “fatal,” Media Matters says
(DBN)

____________

Lender Liability:

$100M Victory in Houston Bankruptcy Court as USB Dodges Counterclaim
(DBN)

____________

Cross-Border:

To Be or Not to Be (solvent) - a Comparative Analysis of Singapore, UK, US, and Australia on Recognizing Foreign Proceedings Under the Uncitral Model Law
(DBN)

____________

Aviation:

The Disarray Inside Boeing’s 737 Factory Before the Door Plug Blowout
(DBN)

Unsecured creditors dismayed at proposed IAero asset sale
(DBN)

House GOP lawmakers introduce bill to rename Dulles Airport after Donald Trump Virginia Democrat slams proposal to name airport after Trump: ‘I’d suggest they find a federal prison’
(DBN)

A Delta passenger is calling on the airline to change its policies after she says she was escorted off a flight for not wearing a bra
(DBN)

____________

Awards:

Charlie Beckham Elected Chair of the Board of Directors of the American College of Bankruptcy
(DBN)

____________

Autos:

Tesla shares fall after deliveries drop 8.5% from a year ago Tesla sales plunge far more than expected Tesla Also Losing Ground in China as It Disappoints Globally Tesla deliveries fall more than expected as firm cites production issues Tesla Sales Fall Way Short of Estimates in First Drop Since 2020 Tesla can't outrun the EV slowdown Wall Street is getting nervous about Tesla 'Monumental failure!' Tesla Cybertruck owners furious
(DBN)

Americans Are Buying Cheaper Cars
(DBN)

GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers
(DBN)

Vehicles Sales Decrease to 15.5 million SAAR in March; Up 4% YoY
(DBN)

____________

Windows:

SoftBank-Backed Window Maker to File for Bankruptcy to Cut Debt
(DBN)

____________

Celebs:

Kanye West accused of racism and antisemitism in new lawsuit
(DBN)

____________

Footwear:

Shoes For Crews Undergoes Restructuring For Sale Process
(DBN)

____________

Sovereigns:

IMF, Ethiopia to Extend Aid Talks in Washington Later This Month
(DBN)

____________

UK:

Carole and Michael Middleton unable to pay insolvency firm costs of £260k after collapse
(DBN)

J.K. Rowling will not be arrested for comments about transgender women, police say
(DBN)

____________

EU:

The insolvency framework becomes more important when the going gets tough
(DBN)

____________

Canada:

Canadian businesses are at risk of insolvency — here’s how insurance factors in
(DBN)

Heritage Cannabis seeks creditor protection
(DBN)

____________

MENA:

Israeli strike hits aid convoy, killing 7 World Central Kitchen workers in Gaza 'Outraged' Biden Says Israel 'Not Done Enough' To Protect Aid Workers In Gaza What We Know About the Israeli Strike That Killed 7 Aid Workers in Gaza UAE pauses Gaza aid route support after Israeli strike kills humanitarian workers "Unforgivable": José Andrés' NGO says 7 aid workers killed in Gaza strike Three destroyed cars over two miles: What photos tell us about the attack on World Central Kitchen workers Biden and José Andrés hold call after Israeli strike killed 7 aid workers White House: Israeli strike that killed World Central Kitchen staff ’emblematic of a larger problem’ Netanyahu takes responsibility for deadly strike on World Central Kitchen staff Israeli army chief says strike killing aid workers was 'grave mistake' What World Central Kitchen does and why the attack that killed 7 volunteers in Gaza matters
(DBN)

Doctors: Gaza Children Targeted by Snipers
(DBN)

Divided by Politics, Israelis Unite to Defy Global Isolation
(DBN)

IDF helicopter pilot shot at Israeli soldiers after pressing wrong button
(DBN)

'I kept on saying goodbye': Gaza hospital reports rise in stillbirths and infant deaths
(DBN)

Reports of anti-Muslim bias hit record levels after start of Israel-Hamas war, group says
(DBN)

U.S. tells Iran it "had no involvement" in Israel strike Huge American flag-burning protests erupt as Iran vows revenge for deadly ‘Israeli strike’ Iran may launch Oct 7-style revenge massacre in Israel after embassy strike & even hit ‘targets’ in UK as WW3 fears soar 'Preparing strikes on Israeli embassies': The coming Iranian response to Syria strike Iran vows retaliation on Israel after commanders’ deaths, raising fears of war spiraling
(DBN)

____________

Russia:

Ukraine Is Winning the War’s Other Front
(DBN)

Russia's helicopters are screwing up its attempt to fool Ukraine with decoys by landing on its fake painted fighter jets: intel
(DBN)

Trump-proofing weapons for Ukraine: Allies consider moving arms group into NATO
(DBN)

Russia says concert attack sparked jump in army recruitment as Ukraine lowers conscription age to boost troop numbers
(DBN)

NATO Proposes $100 Billion, Five-Year Fund to Support Ukraine
(DBN)

Senate faces tough choice on Speaker Johnson’s Ukraine vision 5 questions on how Speaker Johnson could try to thread a needle on Ukraine aid
(DBN)

Moscow Is Outpacing Ukraine’s Allies in the Race for Ammunition
(DBN)

Belarus is Preparing for War
(DBN)

____________

China:

Trading in debt-laden Chinese property developer Country Garden suspended in Hong Kong
(DBN)

China’s Financial Regulator Approves Sichuan Trust’s Bankruptcy Reorganization Plan
(DBN)

The executive on Netflix's '3 Body Problem' who murdered its super-rich producer practiced by poisoning cats and dogs: report
(DBN)

____________

Taiwan:

Insane footage shows building collapsing in Taiwan earthquake as tsunami warning issued Japan issues evacuation advisory for Okinawa areas after earthquake, tsunami At least 7 dead in Taiwan’s strongest earthquake in 25 years
(DBN)

____________

India:

Cases under IBC closed through approval of resolution plans jump to 29 per cent in 3QFY24
(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 $75.00/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 2024