April 5, 2024

The Daily Bankruptcy News

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Law:

Top International Biglaw Firm Increases Office Attendance Mandate
(DBN)

How this lawyer reacted when client claimed to be Messiah and demanded $25K
(DBN)

'We're Literally Dying': Addressing Mental Health in the Legal Profession Needs to Start in Law School
(DBN)

KKR to Paul Hastings: Will Needham on Why he Moved
(DBN)

Former Texas Assistant AG, US Trustee Trial Attorney Casey Roy Joins Austin Office of Ross, Smith & Binford, PC
(DBN)

Law firm real estate costs: annual rent as a percentage of revenue
(DBN)

Excessive Workloads Are Boosting In-House Turnover
(DBN)

In-house counsel accused of faking law firm bills to steal $200,000
(DBN)

Dentons launches shadow leadership team to nurture next generation of leaders
(DBN)

Which BigLaw firms are increasing lateral associate hiring the most? One made legal headlines last year Unlike Most Biglaw Firms, This Top Contender Has Steadily Increased Associate Hiring
(DBN)

Law partner watched lynching videos, bragged about Civil War roles to Black manager: Claim
(DBN)

Global M&A rises above ongoing headwinds
(DBN)

Winston & Strawn will provide reduced-cost legal services for routine tasks under Winston Legal Solutions umbrella
(DBN)

Trump tests gag order by sharing articles on judge’s family
(DBN)

Trump says he'll jail his opponents. Members of the House Jan. 6 committee are preparing
(DBN)

Rove: Trump Jan. 6 pardons pledge a ‘critical mistake’
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Georgia judge refuses to toss Trump’s charges under First Amendment 'You ain’t going to get paid': Trump lawyer hit for pushing argument judge already nixed ‘Allegedly used to further criminal activity’: Judge rubbishes Trump’s 1st Amendment effort to dismiss RICO charges
(DBN)

How Michael Cohen became central to Trump’s hush money case
(DBN)

Ex-New York Mayor Rudy Giuliani to Leave Manhattan for Florida Rudy Giuliani can remain in Florida condo, despite judge's concern with his spending habits Judge warns Giuliani about ‘pyrrhic’ victory in Florida condo dispute
(DBN)

John Eastman responds to disbarment call, says he’s been subpoenaed by Capitol Police officers John Eastman Asks for Delay in Disbarment Citing Hefty Legal Fees
(DBN)

Trump ally Clark broke ethics rule in election subversion attempts, panel rules DC Bar Finds Jeffrey Clark Violated Ethics Rules Because... Obviously.
(DBN)

Judge Denies Trump’s Bid to Claim Secret Documents Were Personal Cannon shoots down Trump’s presidential records act claim Cannon allows brief from experts who pummel Trump's bid to toss Mar-a-Lago case Mar-a-Lago judge lashes out at Jack Smith, rules in government's favor on Trump defense ‘The nuclear button’: Special counsel could seek removal of judge in Trump classified docs case, attorneys warn
(DBN)

Donald Trump Kept Classified Documents in Trump Tower, Lawyers Reveal
(DBN)

Trump Bond Firm Should Offer Proof of Resources, New York Says Trump Bond Savior is a Bit of a Subprime Outlier
(DBN)

Proud Boys 'Ministry of Self Defense' member detained at Capitol on Jan. 6 arrested again
(DBN)

The truth about the Jan. 6 rioters that Donald Trump calls 'hostages'
(DBN)

Reps. Andy Biggs, Paul Gosar subpoenaed in Arizona probe of Trump fake electors
(DBN)

DOJ seeks prison time for woman who stole Ashley Biden’s diary
(DBN)

Outgoing DHS lawyer calls to up security ahead of 'next Jan. 6'
(DBN)

Prosecutors put men on death row. This California D.A. wants to take them off
(DBN)

Led by Abbott, Republicans pounce on Eric Adams at New York fundraiser Abbott responds to NYC mayor’s invitation to spend the night in a migrant shelter
(DBN)

Jury convicts neo-Nazi leader in 2022 Orlando attack on Jewish UCF student
(DBN)

'I'm gonna kill him on Live': Man who streamed attack on cops over Facebook Live gets life
(DBN)

Researchers claim Texas leads country in ‘rape-related pregnancies’ after Dobbs decision
(DBN)

‘Game Of Thrones’ Joseph Gatt Hits LA, DA, & Police With $40M Suit Over False Pedophile Claims
(DBN)

Mom falsely accused of medical child abuse files multimillion-dollar lawsuit
(DBN)

Michigan school shooter's mother Jennifer Crumbley tries to dodge prison by asking to live in her lawyer's guest house under house arrest ahead of sentencing for involuntary manslaughter
(DBN)

Mother turns in sons suspected of shooting at cops after she sees their photos
(DBN)

DOJ takes action after Mississippi coroner buried men without families’ knowledge
(DBN)

Judge Quashes Felony Murder Charges Against Former Houston Cop Whose Lies Led to a Deadly 2019 Drug Raid
(DBN)

Man accidentally shoots pal in face as part of vigilance drill to prepare for danger: Cops
(DBN)

Father sues Hindu church after 11-year-old son was allegedly branded during ceremony
(DBN)

Inmates at New York prison will get to watch eclipse after all
(DBN)

Alabama murderer gives up appeals and asks to be executed so that victims’ families have ‘justice’
(DBN)

Mom made 7-year-old trek miles to school because missing bus was 'not her problem': Cops
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Judges:

Kimberly A. Bacher Selected for the United States Bankruptcy Court in New Hampshire
(DBN)

Trump says special counsel should be sanctioned for ‘attacking’ judge in documents case
(DBN)

Supreme Court's approval rating ticks up, poll shows
(DBN)

She Fled the Nazis. Reagan Republicans Put Her on the Federal Bench. 40 Years Later, She’s Still Surprising Everyone.
(DBN)

N.Y. federal judge who rescinded semi-retirement changes his mind, again
(DBN)

Should Justice Sotomayor retire? Chemerinsky, White House haven’t joined calls for her to step down
(DBN)

Federal judge who ‘despised obituaries written by funeral home hacks’ wrote his own
(DBN)

Originalist Judge Hails Future Where Time-Consuming Task Of Compiling Fake History Is Replaced By AI Hallucinations
(DBN)

Federal Judge Wrote World's Best Product Complaint After Portable Toilet Collapsed
(DBN)

Former Biglaw Partner Ty Cobb Skewers Judge Aileen Cannon In No-Holds-Barred Interview
(DBN)

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Wall Street:

Dow futures rise slightly after index notches worst day in more than a year, jobs report looms
(DBN)

US stocks in sharp reversal on rising geopolitical tensions, Fed speak
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Layoffs:

Apple lays off over 600 California employees after shuttering car project
(DBN)

Mass Layoffs at Schools in Multiple States
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Tech:

IT company ConvergeOne files for bankruptcy to slash $1.6 bln in debt
(DBN)

Practical quantum computing is coming in 3 to 5 years, but will be cloud based, NSA official predicts
(DBN)

AI Demand for Data Centers Vastly Underestimated, CoreWeave Says
(DBN)

Casa Systems sails into bankruptcy proceeding
(DBN)

Trump Media is ‘a scam’ and people buying its stock are ‘dopes,’ Barry Diller says Trump calls Truth Social ‘AMAZING.’ Wall Street has questions Donald Trump's Trump Media May Get Investigated for Influence Peddling Over Deal That Saved It From Bankruptcy
(DBN)

TikTok Turns to Nuns, Veterans and Ranchers in Marketing Blitz
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Economy:

Biden says U.S. economy is world’s best. Trump calls it a ‘cesspool.’ Data is clear.
(DBN)

Fed Will Be Ready to Cut by June, Morgan Stanley’s Zentner Says
(DBN)

Economist El-Erian says the Fed has turned into a play-by-play commentator
(DBN)

Fed's Kashkari raises prospect of zero rate cuts — but Goldman says that would be 'very surprising'
(DBN)

US Jobs Report Is Set to Show a Slower Pace of Hiring, BE Says
(DBN)

March Employment Preview
(DBN)

Weekly Initial Unemployment Claims Increase to 221,000
(DBN)

The US economy is flashing a recession warning that has only been wrong once in the last century, top economist says
(DBN)

Philadelphia’s Harker Says Inflation Still Too High
(DBN)

Diller thinks companies will move to standard four days in office
(DBN)

Some of McDonald's most popular menu items cost 100% more than they did 10 years ago
(DBN)

Bipartisan $78 Billion Tax Deal Hits GOP Roadblock in US Senate
(DBN)

Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says
(DBN)

Trade Deficit at $68.9 Billion in February
(DBN)

Port of Baltimore to partially open by end of April, officials say CSX completes first diverted cargo shipments on new rail line for Port of Baltimore Biden to outline federal response during visit to site of Baltimore bridge collapse
(DBN)

Here are the 10 states where the middle class pays the most in taxes — and the 9 states where they pay no state income tax at all
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Comparing household assets across the wealth distribution
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Visualizing the Size of the Global Senior Population
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US Debt Clock
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World Debt Clock
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Real Estate:

Realtor.com Reports Active Inventory Up 25.0% YoY; New Listings Down 7.8% YoY
(DBN)

Moody's: Apartment Vacancy Rate Unchanged in Q1; Office Vacancy Rate at Record High
(DBN)

Florida lawyer uses ‘unorthodox foreclosure auction’ tactics to ensure clients get deals on property, report says
(DBN)

Return-to-office delays burden regional Rising Oil Prices Reignite Inflation Fears
(DBN)bank real estate portfolios
(DBN)

US Homes Face Costly Retrofits for Induction Stoves, EV Chargers
(DBN)

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Municipalities:

Boston pushing for 15-20 mph citywide speed limit after pedestrian deaths
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Oil/Gas:

Rising Oil Prices Reignite Inflation Fears
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Healthcare:

Hospital board to appeal bankruptcy decision
(DBN)

Walnut Hill Medical Center files for bankruptcy
(DBN)

As Florida bans legal abortion, where will 84,000 women go?
(DBN)

Hospital and insurer battles over Medicare Advantage set to grow
(DBN)

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Politics:

No Labels Abandons Third-Party Bid Effort Against Biden, Trump
(DBN)

'Freaked out' Democrats mobilize to stop RFK Jr. from cutting into Biden R.F.K. Jr. Is a Spoiler. But for Which Side?
(DBN)

Americans Showing Average Enthusiasm for Voting in 2024
(DBN)

Trump Venues Bank on Golf, With Help From Saudi Arabia
(DBN)

Bolton says Trump’s ‘short attention span’ might keep US in NATO
(DBN)

Trump edges Biden by 1 point in new national poll
(DBN)

Trump campaign on track for $43M night in Palm Beach this weekend
(DBN)

Donald Trump Suggests Joe Biden Is on Cocaine
(DBN)

Trump plays the same songs from his iPad over and over when DJ-ing at Mar-a-Lago: report
(DBN)

When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
(DBN)

An unlikely sight: Freedom Caucus chief asks GOP speaker for help surviving
(DBN)

Biden Jumps to 10-Point Lead in PA
(DBN)

Nebraska lawmakers overwhelmingly reject Trump-backed ‘winner-take-all’ electoral system
(DBN)

Schumer expected to move quickly to dismiss Mayorkas impeachment
(DBN)

Trump’s GOP isn’t built to win, but only to protect himself
(DBN)

Port of Baltimore to partially open by end of April, officials say
(DBN)

Fox News rejects White House demands to retract Easter egg stories
(DBN)

Democrats see abortion and marijuana juicing youth vote in Florida
(DBN)

There's a reason you haven't heard the White House bash Johnson's Ukraine aid ideas
(DBN)

Why Mike Johnson's perch has suddenly grown precarious Johnson faces new pressure from Democrats on foreign aid
(DBN)

Roseanne Rants About 'Baby Blood-Drinking' Dems At Mar-a-Lago Party For Kari Lake
(DBN)

China Will Use AI to Disrupt US Elections
(DBN)

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Fraud:

British billionaire Joe Lewis avoids prison time at sentencing for insider trading British billionaire Joe Lewis fined $5 million by US judge for insider trading
(DBN)

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Agribusiness:

CDC director says agency ‘is taking bird flu very seriously’ as epidemic fears grow
(DBN)

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Retailing:

Retailers like Peloton and Saks keep paying vendors late, signaling possible ‘financial distress’
(DBN)

99 Cents Only to close all 371 stores and wind down its business
(DBN)

The Hot Sale Going on at Department Stores: Their Shares - WSJ
(DBN)

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Crypto:

Terraform Labs to make final pitch to jury as civil fraud trial wraps
(DBN)

SBF Is Going to Prison, but the Fight Over Money at FTX Drags On - WSJ
(DBN)

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Student Debt:

Congress Poised to Prevent One Form of Student Debt Relief
(DBN)

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Climate:

An ‘extremely active’ hurricane season is headed our way, experts warn Steamy ocean means ‘a very, very busy season’ for hurricanes, early forecasts say
(DBN)

Biden admin doles out $20B in "green bank" funding
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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
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Recent Ch. 11/9/12/15 Adversary Proceeding Filings (9 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Commercial Chapter 11s jump 43% even as distress outlook eases
(DBN)

Corporate Bankruptcy Filings Surge to Levels Not Seen Since Great Recession
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Mass Torts:

Baltimore Archdiocese Sues Insurers Over Abuse Claims Coverage
(DBN)

Doctor to say if New Orleans priest with rape charges is competent to stand trial
(DBN)

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D&O:

Relying on Insolvency Exclusion, Second Circuit Finds That D&O Insurer Not Required to Defend Professional Manager Overseeing Operations of Distressed Company That Filed for Chapter 7 Bankruptcy
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Standing:

A Rough Day At U.S. Supreme Court, During Oral Arguments, For Debtor’s Counsel (Truck Insurance v. Kaiser Gypsum)
(DBN)

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Venue:

Fifth Circuit Risks Losing Big Cases Amid Judge Shopping Worries
(DBN)

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Aviation:

Icon Aircraft files for bankruptcy, seeks buyer - Amphibious light sport aircraft maker deep in debt
(DBN)

Canadian airline expert says Flair won't make it to Thanksgiving
(DBN)

Boeing paid Alaska Airlines $160M for losses after 737 MAX 9 grounding
(DBN)

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Labor:

Biden admin moves to shield federal workers from potential Trump purge
(DBN)

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Art:

11th hour bankruptcy filing cancels auction of secretly stored African Art in Harris County
(DBN)

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Autos:

Ford is delaying its new electric SUV in favor of more hybrids
(DBN)

Poor resale values of EVs threaten adoption, warn some experts
(DBN)

Tesla Aims Discounts at Unprecedented Number of EVs in Inventory
(DBN)

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Education:

What’s It Like To Be a Teacher in America Today?
(DBN)

About half of Americans say public K-12 education is going in the wrong direction
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Banking:

Bank of America Must Face Overdraft Fee Refund Lawsuit
(DBN)

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UK:

Law firm makes bid to wind up Southend United
(DBN)

Kate Middleton’s Mother, Carole ‘Desperately’ Attempting to Protect Her From the Crumbling Family Debt Kate Middleton’s mom faces ‘devastating’ business debt as she supports daughter through cancer
(DBN)

Body Shop administrators plot CVA as route to rescue deal
(DBN)

Majestic buys Vagabond after falling into insolvency
(DBN)

Bolton Council lent over £150M to other councils over 2023
(DBN)

British farmers demand universal basic income to prevent bankruptcy in wake of Brexit
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EU:

ECB Seen Cutting Interest Rates Once a Quarter Starting in June
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MENA:

How UK support for Israel and Palestine has changed over six months of war
(DBN)

Biden to speak with Netanyahu amid fallout of strike that killed aid workers Israeli Officials Yelled at US Officials in Meeting Biden calls for cease-fire in Gaza, threatens to change US support for war during 'tense' call with Netanyahu String of Errors Led to Fatal Attack on Aid Convoy, Israeli Military Says IDF says aid convoy strike was a 'serious violation' of standard procedures Biden Tells Netanayhu US Support Hinges on Protecting Civilians IDF fires senior officers after killing of Gaza aid workers; World Central Kitchen demands independent probe A blinking red light for Israel in American politics Leading pro-Israel House candidate says 'no defense' for World Central Kitchen deaths Trump used to brag about his support for Israel. Now his criticisms are growing sharper Trump’s Israel criticism breaks with GOP, sows uncertainty 'No more excuses' on Gaza aid — Germany Israel to open more aid routes to Gaza and increase deliveries after pressure from Biden
(DBN)

Peace feels further than ever at six months of Israel-Hamas war
(DBN)

Israel says it will reopen border crossing with hard-hit northern Gaza
(DBN)

Biden ally Coons open to putting conditions on aid to Israel
(DBN)

Senate Democrats press Biden to ‘do more’ on Gaza ‘medical crisis’
(DBN)

Warren says she would move block sale of F-15s to Israel
(DBN)

CIA 'warns Iran will attack Israel within 48 hours' as revenge for consulate strike Israel’s war cabinet meets over threat of ‘imminent’ attack by Iran amid fears Middle East crisis could spiral into WW3 Israel urgently evacuates embassies as diplomats fear Iranian revenge strikes
(DBN)

IDF halts leave for combat troops, intel chief warns 'worst is yet to come'
(DBN)

Chinese weapons found in Gaza, report claims
(DBN)

The rise and ruin of Gaza's revered universities
(DBN)

Oil Extends Gains After Middle East Tensions Push Brent Over $90
(DBN)

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Russia:

NATO plots Trump survival strategy on its 75th birthday
(DBN)

Russia renews big attacks on Ukrainian power grid using better intelligence and new tactics
(DBN)

Pentagon defends pace of weapon shipments as Ukraine worries it’s too late
(DBN)

Finland Closes Border with Russia
(DBN)

US troops in Moldova in emerging Plan B for Ukraine
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China:

Yellen kicks off China meetings with overcapacity concerns, encouraging market-oriented reforms China is producing too much stuff. The West is worried.
(DBN)

China faces a reckoning as disillusioned Gen Z and millennial workers refuse to save for retirement
(DBN)

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France:

The Body Shop's Subsidiary Enters Into Administration in France
(DBN)

Paris Office Sales Fall to Lowest in 15 Years in First Quarter
(DBN)

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Australia:

Australia faces a 'tsunami' of insolvencies, but does it actually matter?
(DBN)

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Romania:

Insolvent Romanian firms up 13.5% y/y in Jan-Feb
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