August 13, 2024

The Daily Bankruptcy News

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Law:

Kamala Harris's (Not So Secret) Weapon? Paul Weiss.
(DBN)

Kamala Harris' law school alma mater looks for PR boost from candidate's run
(DBN)

Holland & Knight loses about half its Philadelphia lawyers to this firm
(DBN)

Skadden's Partner Compensation Reportedly Falling Behind
(DBN)

Tustin lawyer misappropriated up to $282 million from clients looking for debt relief, state bar says
(DBN)

Latham's Leavers: What Do BigLaw Firms Do When Star Partners Quit?
(DBN)

Mental wellness a struggle for many in-house lawyers
(DBN)

Hire the talent and not the firm: An alternative model for legal services
(DBN)

AI’s first serious foray into legal may be contract review
(DBN)

Washington Weighs Loosening Rules on Who Can Practice Law
(DBN)

Use NDAs for trade secrets, not to hide harassment, ABA says
(DBN)

Non-Equity Partnership Lawsuits Test Big Law Employment Model
(DBN)

Lawyer Gets Caught On Camera Trying to Smuggle Goods To Inmate
(DBN)

No Laughing Matter: Kanye's Lawyer Jumps Ship
(DBN)

Hunter Biden’s lawyers say claims about foreign business dealing have no place in upcoming tax trial Hunter Biden asks judge to force ex-Trump aide to pay legal fees for 'frivolity' in suit
(DBN)

Colorado election denier Tina Peters convicted in election computer breach
(DBN)

Trump seeks $100M in damages from DOJ for Mar-a-Lago search Trump Cries ‘Political Persecution’ as He Threatens to Sue DOJ for $100M Donald Trump Will Sue The DOJ For 'Illegal' Raid ... Pursuant To Judicially Authorized Warrant Trump cites Judge Cannon's dismantling of Mar-a-Lago case to demand $100M in damages
(DBN)

A crew member on the Alaska Airlines blowout flight told investigators the incident made them feel unsafe getting back on a Boeing 737 Max
(DBN)

The govt wants to make it easier for you to click the 'unsubscribe' button
(DBN)

L.A. city attorney is searching through employee emails, creating a climate of fear, staffer alleges
(DBN)

Judge dismisses murder charge against 'habitual' offender in beloved Jewish leader's death
(DBN)

Energy Drinks Aimed at Young Linked to Deaths, Cardiac Risks, Lawsuits Allege
(DBN)

ICE agents 'don't fire warning shots'
(DBN)

New data shows violent crime dropping sharply in major U.S. cities Violent Crime is Plummeting. Why?
(DBN)

His Murder Conviction Was Overturned. Why Is He Still in Prison?
(DBN)

Guardians ad litem have absolute immunity in suit alleging wrongful conduct, appeals court says
(DBN)

When does DEI training discriminate against white people? Courts will decide
(DBN)

'Loud snoring' neighbor sentenced for long-simmering feud that ended in fatal stabbing
(DBN)

Pregnant wife watches husband die 'in her hands' after confronting vandals at their home
(DBN)

Cops sound alarm on terrifying new trend
(DBN)

Federal prosecutors charge ex-Los Angeles County deputies in sham raid and $37M extortion
(DBN)

Venezuelan migrant charged in Times Square cop beating is arrested again after being let out on bail
(DBN)

Ex-sniper who infiltrated KKK reveals what group secretly talks about
(DBN)

Lawsuit Claims Indiana Unconstitutionally Seizes Millions in Cash From FedEx Packages Every Year
(DBN)

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Judges:

Kirkland Steps Aside While Big Law Bankruptcy Peers Keep Filing in Houston
(DBN)

Majority of Republicans support Supreme Court reforms in Biden’s proposal: Poll
(DBN)

The First Amendment is in grave danger if Trump wins
(DBN)

What Happens Now in Young Thug’s YSL Trial?
(DBN)

Death-penalty case was epitome of ‘extreme judicial malfunction,’ 6th Circuit says
(DBN)

Biden Public Defenders Turned Judges Begin to Make Mark on Bench
(DBN)

Student Loans and the Shadow Docket
(DBN)

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Wall Street:

Stock futures rise as investors await key inflation data
(DBN)

Dow 150,000? It could happen if the 2020s turn out like the Roaring '20s.
(DBN)

Wall Street’s fear gauge spike ‘isn’t that surprising’ in panicked market, Cboe Says
(DBN)

Companies face quicker delisting under proposed Nasdaq rules
(DBN)

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Investment Banks:

B. Riley Faces Wider Probe on Risk Disclosures, Ties to Kahn
(DBN)

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Prisons:

Prison-Food Vendor TKC Seeks to Reprice Loan Amid Industry Backlash
(DBN)

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Politics:

Kamala Harris Scores TIME Magazine Cover: ‘The Swiftest Vibe Shift in Modern Political History’ 538 Avg: Harris +2.4% On the campaign trail, Harris is pushing joy while Trump paints a darker picture Harris gains support among Latinos — but needs more to win Harris campaign fires back at Trump after he accuses her of faking ‘massive’ crowd sizes 5 major questions facing Kamala Harris now Kamala Harris, explained in 7 moments Kamala, You Make Sagging Middle-Aged Spirits Soar. Now, About My Knees... Harris Should Take Divisions Over Gaza Seriously Some suburban Republicans torn over possibly voting for Harris
(DBN)

With Tim Walz, Dems see a path to winning back rural districts Tim Walz Has Always Been Consistent on China Walz Slammed by Former Battalion Leader: ‘He Did Not Earn the Rank’
(DBN)

‘AI’ crowds and unskewed polls: Trump prepares to reject another loss Trump’s laundry list of increasingly bizarre claims Donald Trump 'slurs words' and speaks with 'lisp' in Elon Musk chat sparking concern over his health ‘A different level than 2020’: Trump’s plan to steal election is taking shape Trump claims 'nobody' cheered Harris outside Air Force Two despite video, images of crowds McCarthy tells Trump to stop questioning size of Harris’s crowds GOP pleads with Trump to control impulses, focus on policy Trump’s persona hurts his polls against Harris, says Luntz Donald Trump Says 'Real Polls' Have Him Ahead. The Opposite Is True Trump is (sort of) posting on Twitter again Pro-Trump super PAC plans $100M ad blitz Barron Trump Has His Own Presidential Merchandise Did Trump Say Kamala Harris Wants To Ban Christmas? Here's What To Know John Oliver Breaks Down Just How ‘Desperate’ Donald Trump Is Right Now Fact-checking Trump on immigration, economy in Montana rally Here's Why Young Black Men Like Me Are Voting for Trump Why Trump flew to campaign events on Jeffrey Epstein’s plane last weekend Passengers contradict Trump’s account of chopper ride Trump campaign office burglarized FBI probing alleged Iran hack attempts targeting Trump, Biden camps Suspected Iranian hackers breached Roger Stone’s personal email as part of effort to target Trump campaign, sources say
(DBN)

Inside Elon Musk’s Hands-On Push to Win 800,000 Voters for Trump
(DBN)

Americans Keep Voting for the Change Candidate
(DBN)

Republicans can't replace their old man nominee, so they're pretending JD Vance is the GOP candidate CNN anchor presses Vance on Trump’s military deferment after attacking Walz JD Vance’s ‘Constitutional Crisis’ in the Making Workers allege ‘nightmare’ conditions at Kentucky startup JD Vance helped fund
(DBN)

Elections Officials Battle a Deluge of Disinformation
(DBN)

Everyone hates “Congress.” But who are you really mad at?
(DBN)

Florida now counts 1 million more registered Republican voters than Democrats
(DBN)

Musk embraces Trump and scorns subsidies. But Tesla still lobbies for US benefits
(DBN)

Elizabeth Warren is coming for Elon Musk — and calling out his corporate 'entanglements'
(DBN)

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Private Equity:

A private-equity takeover is coming for startups
(DBN)

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Bankruptcy Crimes:

Dolton, Ill. Police Officer Charged in Federal Court With Bankruptcy Fraud Police ally of ‘Dolton Dictator’ Tiffany Henyard indicted — as lawyer claims case brought to help take down mayor
(DBN)

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Cannabis:

Potential Bankruptcy Relief for Individual Owner of Cannabis Businesses?
(DBN)

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Hotels:

One of America's richest cities sinks in massive hotel debt - as tourists stop choosing it for their vacations
(DBN)

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Mining:

BHP Offers Miners $28,900 Bonus to Avoid Chile Copper Strike
(DBN)

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Education:

U.S. colleges slash majors in effort to cut costs, leaving some students scrambling
(DBN)

US Colleges’ Debt Strains Mount in One of Worst Years Since 2009
(DBN)

Former Cornell student sentenced to nearly 2 years for threatening to kill members of the university’s Jewish community
(DBN)

Judge blocks Texas from releasing this year’s school accountability ratings
(DBN)

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Sports:

Court rejects USA Gymnastics’ appeal in the latest twist in Chiles bronze medal saga
(DBN)

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Food/Beverage:

Bankruptcy threat lifted from Nova Austral
(DBN)

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Fintechs:

The Fall of Synapse Financial Technologies: Lessons and Implications for the Fintech Industry
(DBN)

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Economy:

The labor market might not be as weak as it appears
(DBN)

Voters trust Harris more than Trump on economy: poll
(DBN)

Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike
(DBN)

Inflation outlook hits record low in New York Fed survey
(DBN)

There's a 40% chance the US economy is already in a recession, according to a new indicator
(DBN)

Bank of America no longer forecasts a U.S. recession in 2024 BofA Survey Shows Optimism on Big Tech, Soft Landing Is Unbroken
(DBN)

No more fiscal favors? Calls to tax super-rich gain traction around world
(DBN)

Harris plan to nix taxes on tips, raise minimum wage could cost up to $200 billion: Analysis
(DBN)

Gen Zers are investing their way out of the 9-to-5
(DBN)

Americans who locked in a job, a home, and stocks are thriving. Everyone else missed out on their ticket to wealth.
(DBN)

House Freedom Caucus sets its terms for September spending fight House conservatives push for funding fight as shutdown looms weeks before election House Freedom Caucus backs short-term funding bill to avoid shutdown
(DBN)

U.S. budget deficit hits US$1.5 trillion as fiscal year nears end
(DBN)

Half Of Retirees Will Run Out Of Money. That’s The Good News.
(DBN)

The era of freeloading is officially over
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

This Surprising City Is the Hottest Market in the U.S. for the First Time Ever By Julie Taylor
(DBN)

Biggest shakeup in a century set to hit real estate agents this week: Here’s how they’re preparing
(DBN)

Real Estate Videos Are Out of Control
(DBN)

It Was a Hot Real Estate Trade. Now Investors Are Worried.
(DBN)

Rudy Giuliani agrees to deal to end bankruptcy that may lead to sale of Palm Beach condo
(DBN)

US Renters Get Perks as Building Boom Eases Supply, Zillow Says
(DBN)

The $22 Billion Plan to Turn a Defunct Airport Into a Small City
(DBN)

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Municipalities:

Chicago suburb Dolton gets grim financial report from Chicago's ex-mayor
(DBN)

How California is clearing homeless encampments
(DBN)

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Oil/Gas:

Rio Grande LNG ruling underscores risk of megaprojects
(DBN)

Top Countries by Fossil Fuel Consumption in 2023
(DBN)

IEA Maintains Muted Oil Demand Growth Outlook
(DBN)

Refiners Are Reeling From Low Margins and Weak Demand Oil Refiners in USA Slow Down, Stoking Global Crude Glut Worries
(DBN)

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Healthcare:

Key hearing in Steward bankruptcy case postponed to Friday Steward Health Care Announces Sale of Stewardship Health to Rural Healthcare Group Steward completes deal to sell its doctors group to private equity firm Kinderhook Steward pushes back Bay State hospital sale hearing for a fourth time Another bankruptcy court delay slows sale of Glenwood Latest delay adds more tension to Steward hospital saga
(DBN)

Heritage Global Partners to Conduct Two Major Online Auctions of Cue Health’s Assets
(DBN)

Dozens of pregnant women, some bleeding or in labor, being turned away from ERs despite federal law Texas women denied abortions for ectopic pregnancies file complaints against hospitals Child Rape Survivors Face Abortion Bans
(DBN)

Visualizing the Cost of Insulin in the United States (2004-2024)
(DBN)

Harris Says Trump Will Repeal Obamacare. Trump Now Claims He’ll Make It ‘Better.’
(DBN)

I.V.F. Threats in Alabama Drive Clinics to Ship Out Embryos
(DBN)

Florida’s denial of trans healthcare coverage for employees is discriminatory, judge rules
(DBN)

Court says sexual assault is not 'medical treatment,’ revives lawsuit of 94 patients
(DBN)

Hospitals Inch Toward Recovery as Labor Woes Ease, Fitch Says
(DBN)

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Non-Profits:

How the Gay-Rights Movement Lost Its Way
(DBN)

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Personal Finance:

I gave more attention to my demanding job than to raising my 4 kids. I'm heartbroken over what it cost me.
(DBN)

This Is Why Your Car Insurance Is About to Get More Expensive
(DBN)

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Transit:

NJ Congressman Calls for Rail Riders to Be Reimbursed for Delays
(DBN)

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Television:

Shares Of Dish Network Owner EchoStar Plunge As Q2 Results Prompt New Talk Of Bankruptcy Risk
(DBN)

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Retailing:

From department store to ice rink: How shuttering Macy’s will spur a shopping mall rebrand Apartments, hockey rinks and Amazon warehouses: Macy’s closures will spark change at shopping malls
(DBN)

There are now over 800 Rite Aids closing amid bankruptcy: Here’s where
(DBN)

Oak Cliff shopping center files bankruptcy citing code violations
(DBN)

LL Flooring files for bankruptcy and will close 94 stores. Here's where they are Home improvement outlet files for bankruptcy and shutters 94 stores across 47 states Henrico-based LL Flooring files bankruptcy, eyes ‘going concern’ sale
(DBN)

Bankrupt Badcock Home Furniture closing all Georgia stores, expresses ‘heartfelt gratitude’
(DBN)

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Autos:

Elon Musk initially said the Cybertruck would cost from $39,900. Now, you can't buy it for much less than $100,000.
(DBN)

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Crypto:

Celsius Tether Legal Showdown: Stablecoin Giant Nearing End Of 'Borrowed Time'?
(DBN)

The Unraveling of a Crypto Dream
(DBN)

Three Arrows Liquidators Seek $1.3 Billion Over 2022 Luna Crash Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B
(DBN)

US SEC sues over alleged $650 million global crypto fraud
(DBN)

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Utilities:

PREPA bondholder lien rights are narrow, board, others argue
(DBN)

Hawaiian Electric Slumps After Issuing Going-Concern Warning
(DBN)

Texas Attorney General Probes CenterPoint on Beryl Response
(DBN)

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Fitness:

Blink Fitness, an affordable gym operator, files for Chapter 11 bankruptcy Gym chains take another hit as Blink Fitness files for bankruptcy Fitness Chain Blink Files for Bankruptcy and Quickly Seeks Buyer
(DBN)

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Supplements:

Irwin Naturals files for Chapter 11 bankruptcy
(DBN)

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Steel:

Iron Ore Extends Drop Below $100 as Steel Industry Mood Darkens
(DBN)

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Consumer Finance:

A Wisconsin Tribe Built a Lending Empire Charging 600% Annual Rates to Borrowers
(DBN)

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Tech:

Dating apps' existential crisis
(DBN)

Deepfakes are easy to make, but also easy to detect
(DBN)

EU warns Musk on hate speech ahead of Trump interview Trump Media stock drops 7% after quarterly loss and GOP nominee's return to X
(DBN)

Elon Musk, Donald Trump event on X crashes site, Tesla CEO blames cyberattack FactCheck: Trump made at least 20 false claims in his conversation with Elon Musk Trump discussion with Musk devolves into yet another X catastrophe
(DBN)

Elon Musk sues his critics into silence. So much for ‘free speech.’
(DBN)

Hollywood icons of the past take new star turn, with celebrity estates cashing in on AI cloning deals
(DBN)

Traders Hope Alphabet’s Pixel Event Can Stem $360 Billion Rout
(DBN)

Charted: Big Tech Uses More Electricity Than Entire Countries
(DBN)

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Administrative Law:

Justices Face Mounting Calls To Nix 89-Year-Old Precedent Upholding Agency Independence
(DBN)

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Rail:

Texas High Speed Rail Project: Why Is It So Unpopular?
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

The Bankruptcy Revolving Door
(DBN)

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Bankruptcy Research:

Among states with access to online betting, the likelihood of filing for bankruptcy increases by 25-30% after three to four years
(DBN)

Just Consumer Financial Protection: Prevention or Cure
(DBN)

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Mass Torts:

J&J has enough support from claimants for $6.5 billion talc settlement J&J Gets Plaintiff Backing for $6.5 Billion Baby Powder Accord
(DBN)

Avon Products, Inc. Takes Steps to Address Debt and Legacy Liabilities in U.S. Court Process Avon Products Files for Bankruptcy to Wrangle Talc Lawsuits
(DBN)

Archdiocese of New Orleans bankruptcy gets personal and ugly, as legal bills mount
(DBN)

'I think people are hopeful': Family parishes present counter proposals to Diocese of Buffalo
(DBN)

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Third Party Releases:

SDNY Bankruptcy Court strikes down insider releases in chapter 11 plan as improper retention-related transfers
(DBN)

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Bankruptcy Strategy:

Why Purchasing Commercial Assets in a Bankruptcy Sale May Be a Good Business Strategy
(DBN)

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Subchapter V:

American Bankruptcy Institute Launches Website for Subchapter V Professionals
(DBN)

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Intercreditor:

Creditors Brawl Like Never Before, and Hedge Funds Smile
(DBN)

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Arbitration:

Chipotle can’t force sexual assault claim into arbitration, 8th Circuit holds
(DBN)

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Aviation:

JetBlue starts US$2.75B debt sale backed by loyalty program
(DBN)

Spirit Aero CEO Shanahan to get $28.5 million ‘golden parachute’
(DBN)

Flying has never been worse — but hope is on the way
(DBN)

A crew member on the Alaska Airlines blowout flight told investigators the incident made them feel unsafe getting back on a Boeing 737 Max
(DBN)

SpaceX repeatedly polluted waters in Texas this year, regulators found
(DBN)

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Climate:

July temperatures point to record hottest year
(DBN)

‘The smoke was suffocating': Residents of northern Athens fear for their homes under wildfire threat 80-Foot Flames Athens suburbs evacuated as wildfires spread Hundreds of Firefighters Tackle a Major Wildfire Raging Out of Control on Fringes of Greek Capital Wildfire spreads near Athens amid scorching heat Athens Braces for Wildfire Flare-Ups as High Winds Set to Return
(DBN)

Evacuees from resort town in the Canadian Rockies can return Friday after wildfire, officials say
(DBN)

American cities are getting unbearably hot. These ones are roasting the most
(DBN)

Musk might be the only person Trump listens to on climate
(DBN)

15,000 Scientists Warn Society Could ‘Collapse’ This Century In Dire Climate Report
(DBN)

Puerto Rico Faces Tropical Storm Threat as Atlantic System Strengthens
(DBN)

Tropical Storm Ernesto has formed in the Atlantic. Here’s where it could go
(DBN)

Heat Contributed to 47,000 Deaths in Europe Last Year, but Relief Programs Helped
(DBN)

We’re Burning More Climate-Warming Coal Than Ever. Why?
(DBN)

Giant balloons floating above Colorado’s wildfires could help to predict future blazes
(DBN)

Map: Future Flood Zones in America
(DBN)

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Sovereigns:

Ranked: The Largest Sovereign Debt Defaults in Modern History
(DBN)

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UK:

Maximum-term bankruptcy restrictions for investment scheme fraudster
(DBN)

What’s Happening in Britain Is Shocking. But It’s Not Surprising Britain’s Anti-Immigrant Riots Pose Critical Test for Starmer
(DBN)

Pound Gains as Signs of Robust Job Market Defy Rate-Cut Bets UK Unemployment Dips Unexpectedly in Sign of Strong Economy
(DBN)

Katie Price's £1.5m Mucky Mansion is sold just weeks after she was evicted by bailiffs for failing to keep up on her mortgage repayments amid her bankruptcy battle Katie Price’s sun-soaked holidays despite bankruptcy Katie Price is the great survivor of British showbiz – but can she overcome her latest chapter of chaos?
(DBN)

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Russia:

Top Ukrainian commander says his forces now control 1,000 square kilometers of Russia’s Kursk region Russia Evacuates More Border Areas Amid Ukrainian Advances Fleeing Russians tell of panic after Ukraine’s invasion of Kursk region Kyiv Braces for Russia's 'Huge' Retaliation Russian blame game heats up as Ukraine’s special military operation riles Putin Ukraine’s offensive builds as Russia orders people to evacuate from second region Facing a Ukrainian Incursion, Putin Directs His Rage at the West Russia, Facing Ukrainian Incursion, Keeps Up Pressure in Eastern Ukraine Ukraine says it has seized nearly 400 square miles of Russian territory Humiliated Putin Forced to Admit Scale of Ukraine’s Shock Invasion Russian blame game heats up as Ukraine’s special military operation riles Putin Here is what Ukraine probably wants from its wild assault on Russian territory Russia complained that its 'peaceful' people don't deserve to be invaded Russia Builds Fortifications Around Kursk Nuclear Plant as Ukraine Advances Putin Cuts Off Governor Who Admitted Ukraine Advancing in Russia Putin vows to ‘kick enemy out of Russia’ as Ukraine’s cross-border incursion expands to dozens of villages Ukraine’s incursion into Russia could force Moscow to change its war strategy Ukraine wants negotiating power as its forces advance into Russia, humiliating Moscow Putin’s greatest fear is coming true – and he’s panicking Zelenskiy says: Russia must be forced to make peace if Putin wants to fight
(DBN)

Ukraine and Russia Plan to Keep Gas Flowing as Fighting Rages Austria Sees ‘Massive Risk’ From Halt to Russian Gas Flows
(DBN)

Ukrainian Railways: Court decision will cause our “bankruptcy and shutdown”
(DBN)

____________

MENA:

Pentagon orders sub to Middle East, tells carrier to hasten transit Israel Puts Military on High Alert as U.S. Sends Assets to Middle East White House: U.S. intelligence indicates Iran could attack Israel within days Why Iran Has Waited to Retaliate Against Israel After Killing of a Hamas Leader Israel and US brace for Iranian attack as diplomats push hard for Gaza ceasefire
(DBN)

Does Israel’s Conflict with Hezbollah Have an Endgame?
(DBN)

Hamas kills one hostage and wounds two, terror group spokesman says
(DBN)

US will resume offensive weapons sales to Saudi Arabia
(DBN)

Israel’s Rating Cut by Fitch as War Seen Lasting Into 2025
(DBN)

Ex-IDF Soldier and Historian Speaks on Israel
(DBN)

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China:

Chinese EV startup Human Horizons files for bankruptcy Chinese EV maker Human Horizons seeks up to $42 million in debt financing to revive EV production
(DBN)

U.S. Officials to Visit China for Economic Talks as Trade Tensions Rise
(DBN)

China Regulators Tell Some Rural Banks to Renege on Bond Trades
(DBN)

Chinese Stock Trading Plummets in New Sign of Waning Confidence
(DBN)

China’s Credit Growth Weaker Than Expected Despite PBOC Easing
(DBN)

China Goes to New Extreme in Crackdown on Bond-Market Frenzy
(DBN)

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Australia:

Bankrupt solicitor’s defamation action hits wall
(DBN)

Australia would be ‘bankrupt’ without the ‘bounty’ of its gas industry
(DBN)

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Sweden:

Sweden’s Oscar Properties Averts Bankruptcy With Creditor Deal
(DBN)

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Argentina:

Milei Got Rid of Rent Control in Argentina. Housing Supply Skyrocketed
(DBN)

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Germany:

German Investor Confidence Plunges to Lowest Since January
(DBN)

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Hong Kong:

A tearful appeal to dire lending issue
(DBN)

Hong Kong’s Collapsing Land Sales Threaten City’s Funding Model
(DBN)

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India:

Doctors strike across India to protest rape and murder of trainee medic
(DBN)

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Thailand:

Business Rehabilitation In Thailand: Issues Creditors Need To Consider
(DBN)

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