August 15, 2024

The Daily Bankruptcy News

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Law:

Prominent Regional Firm To Delay Start Date For First-Year Associates Bass, Berry & Sims Delays Start Date for New Associates
(DBN)

Who Will Join Milbank's Summer Bonus Party?
(DBN)

Lawyers Don't Seem Too Thrilled About The Biglaw Salary Wars Going On In London
(DBN)

Big Lawyer Paydays in Risky Cases Affirmed by Delaware Court
(DBN)

The Surge In Biglaw Partner Lateral Moves
(DBN)

This Biglaw Firm's Rise To The Top 10 Of The A-List
(DBN)

'Lawyers For Harris' Fundraiser Set For September, With Tickets Going For Up To $10K
(DBN)

This BigLaw firm tops ‘A-List’ despite lower gross revenues
(DBN)

Kaplan Steps In To Dig California Bar Out Of Bankruptcy Hole
(DBN)

Partners Confront 'Deeply Uncomfortable' Client Communications on Soaring Billing Rates
(DBN)

Disbarred lawyer Tom Girardi ‘didn’t seem all there’ in late 2020, ex-employee testifies in embezzlement trial
(DBN)

A Law Firm Divided: How Generational Differences Are Fracturing Firms
(DBN)

Golden Gate Law students, alums, race to court to keep school open
(DBN)

Convicted lawyer’s victimhood claim is ‘absolutely delusional,’ judge says at sentencing hearing
(DBN)

Alex Murdaugh Might Get a New Murder Trial After Major Development
(DBN)

8th Circuit allows Iowa book ban to take effect but rules for challengers on First Amendment issue
(DBN)

Trump's September 18 hush-money sentencing has only one remaining hurdle Judge in Trump's hush money case declines to recuse himself for a third time Judge Denies Trump’s Recusal Bid, Rebuking Him for Claiming Harris Ties NY Judge Tosses Trump's Third Attempt To Intimidate His Family Via Recusal Motion Trump hush-money trial judge swats down recusal demand over daughter's work for Democrats
(DBN)

Judge in KKK Act suit against 'Trump Train' drivers highlights 'similar' 1868 incident
(DBN)

Appeals court refuses to pause Trump's Georgia case so defense lawyer can travel abroad
(DBN)

One year after Trump’s last indictment, his legal woes are stalled

Judge makes 'rare' move to oust indicted 'Kraken' lawyer from Dominion defamation suit
(DBN)

Hunter Biden made 'proper request' to State Dept. about Ukrainian company, lawyer says Hunter Biden lauds Justice Thomas-inspired tossing of Mar-a-Lago case to attack gun case
(DBN)

Texas Gov. Abbott vows to keep busing migrants -- but there aren't enough?
(DBN)

X told to pay $600,000 to ex-Twitter worker who was dismissed for not responding to Elon Musk's 'extremely hardcore' demand, reports say
(DBN)

Why a tough-on-crime initiative is splitting California’s Democrats
(DBN)

Do Politicians Realize How Difficult and Rare Immigrating to the U.S. Legally Actually Is?
(DBN)

U.S. military sexual assault rates 2 to 4 times higher than government estimates, study says
(DBN)

Texas AG threatens to sue Dallas over gun ban at State Fair
(DBN)

Over 2,300 pounds of meth found hidden in celery at Georgia farmers market
(DBN)

Death of Ohio man in police custody ruled a homicide by coroner's office
(DBN)

Uvalde Police Failed to Turn Over All Body Camera Footage From Robb Elementary Shooting, Department Says
(DBN)

Infant girl dies in hot car after father allegedly forgot to leave her with babysitter
(DBN)

California ‘Shaman’ Faces Felony Sex Assault Charges
(DBN)

Woman 'floored' car into boyfriend during fight on way to couple's therapy: Police
(DBN)

Son breaks into mom's house through dog door to steal from her, stabs her to death: Cops
(DBN)

Cardiologist who used dating apps to lure women into his home for sexual assault convicted
(DBN)

New York county signs first mask ban into US law, sparking controversy
(DBN)

Man gets $7 million for wrongful conviction after 48 years in jail
(DBN)

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Judges:

Courthouse Scandal Gets Even Wilder As Prosecutors Accused Of Trying To Manipulate Judge Assignments
(DBN)

Public Defender’s Sexual Harassment Lawsuit Against The Federal Judiciary Highlights The Urgency Of Reform
(DBN)

Judge Mysteriously Recuses From X Case After Being Called Out For Having Tesla Stock
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Wall Street:

Stock futures edge higher Thursday morning as investors ride this week’s rebound momentum Stocks Muted Before the Open as Investors Await U.S. Economic Data and Fed Speak
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Layoffs:

Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter
(DBN)

Evotec eyes 400 layoffs
(DBN)

Grail to Reduce Workforce by 30% (350)
(DBN)

A comprehensive list of 2024 tech layoffs
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Pharma:

Medicare talks to yield $6B in savings on first 10 drugs For the first time, Medicare cuts prices on the 10 of the costliest medications
(DBN)

Ex-Trump officials argue Biden’s drug pricing efforts are ‘backfiring’
(DBN)

Biden admin to spend billions to blunt spike in Medicare drug premiums
(DBN)

US space industry struggles with ‘constitutional crisis’ in quest to bring shipments back to Earth
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Tech:

FTC bans fake online reviews, testimonials
(DBN)

Musk’s ‘fun’ AI image chatbot serves up Nazi Mickey Mouse and Taylor Swift deepfakes
(DBN)

Ex-Twitter worker wins £470,000 for unfair dismissal over Musk ‘hardcore’ email
(DBN)

Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles
(DBN)

Google's monopoly drama should have Apple, Meta, and Amazon nervous Google’s Stock Falls as the Government Weighs Breaking Up the Company
(DBN)

Honks and Beeps but No One to Yell at: Waymo’s Driverless Cars Wake Neighbors
(DBN)

Wyoming reporter caught using artificial intelligence to create fake quotes and stories
(DBN)

Kim Dotcom is being Megauploaded to the US for trial
(DBN)

Redbox bankruptcy shines light on the fragility of digital media collections
(DBN)

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Festivals:

Ticket holders upset seeing owner of bankrupt music festival company involved with upcoming jazz festival
(DBN)

Burning Man festival fails to sell out first time in decade
(DBN)

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Banking:

Equity for Intermediaries: The Resolution of Financial Firms in Bankruptcy and Bank Resolution
(DBN)

Ex-attorney sentenced for role in Washington Federal Bank collapse
(DBN)

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Fitness:

Don’t Close Your Eyes: Blink Fitness May Disappear in a Chapter 11 Bankruptcy Filing
(DBN)

Blink Fitness files for Chapter 11 bankruptcy, to shutter 10% of gyms
(DBN)

Blink Fitness’s Manhattan Gyms Will Stay Open After Ch. 11 Bankruptcy
(DBN)

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Sports:

Blazers leaving local RSN highlights trend among NBA teams departing from cable TV
(DBN)

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Retailing:

Bankrupt Mall Staple Rue21 Climbs Out Of Retail Grave
(DBN)

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Buses:

Coach USA to auction 2 New Jersey bus terminals after filing for bankruptcy
(DBN)

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Economy:

Latest CPI report confirms inflation is easing Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.2% in July BLS: CPI Increased 0.2% in July; Core CPI increased 0.2% YoY Measures of Inflation: Services, Goods and Shelter Inflation drops below 3% for the first time since 2021 Inflation rate falls to 2.9% in July, adding to signs that surging prices have abated Cooling Price Growth Has Democrats Tasting Victory Over Inflation Inflation hits lowest level since spring 2021, most likely teeing up rate cuts Bond Traders See Quarter-Point Cut Next Month as Inflation Ebbs
(DBN)

UK Economy Maintains Solid Recovery as Services Aid Growth
(DBN)

Grocery prices are now barely increasing
(DBN)

New vehicle prices decline for 10th straight month
(DBN)

Harris to call for federal ban on price-gouging in Friday speech Harris Will Propose ‘Price Gouging’ Ban on Food and Groceries Grocery price gouging to feature prominently in Harris economic plan
(DBN)

Here’s why the economy feels ‘recession-like’ for many Americans
(DBN)

Millennials have 'phantom wealth' hidden in their homes and 401Ks — but they don't feel rich
(DBN)

Wall Street titans gave big to Harris. Now they want to know where she stands Trump moves to tie Harris to Biden on the economy: ‘They are a team’
(DBN)

The Dramatic Turnaround in Millennials’ Finances
(DBN)

What a "no taxes on tips" policy could mean for U.S. tipping culture Harris blindsided Democrats with ‘no tax on tips’ plan As Trump and Harris call to end tip taxes, a wider minimum wage war heats up Trump goes big on tax cut promises in Harris prebuttal
(DBN)

Harris, Trump compete over costly care proposals
(DBN)

Whitmer's support for paid family and medical leave gets fuzzy
(DBN)

Inflation is easing. Now, Harris has an even bigger problem with the economy.
(DBN)

Trump Downplays Economy’s Significance at Economic-Focused Rally Trump’s economy speech veers into familiar territory: personal attacks on Harris and Biden
(DBN)

Inside one of America's poorest regions plagued by drug addiction, suicide and incest
(DBN)

Starbucks CEO Allowed to Work 1,000 Miles From Headquarters Starbucks' new CEO will have a remote office in California. Employees are supposed to be in the office 3 days a week. Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle
(DBN)

The Great Detachment is looming for employees, experts warn — especially for Gen Z
(DBN)

Best States to Live in (2024)
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Housing costs are the final obstacle to inflation falling back to earth
(DBN)

Beware lower mortgage rates that could unleash a buying spree and push home prices higher, 'Shark Tank' investor Barbara Corcoran says
(DBN)

Part 2: Current State of the Housing Market; Overview for mid-August 2024
(DBN)

Mortgage applications hit 19-month high
(DBN)

A U.S. construction boom is sending rents lower and creating perks for renters
(DBN)

Consumer Agency Cracks Down on Seller-Financed Home Sales
(DBN)

Embattled $100M ‘tiny home' builder is now exploring bankruptcy
(DBN)

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Municipalities:

New Jersey Wins Positive Outlook by Moody’s on Economic Strength
(DBN)

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Oil/Gas:

Texas Comptroller Adds NatWest to List of Energy Boycotters
(DBN)

Satellite Analysis Shows Repeat Permian Methane Emitters
(DBN)

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Climate:

Unprecedented number of heat records broken around world this year
(DBN)

Climate change-worsened wildfires drastically increased odds, severity of 2023 wildfires
(DBN)

As Millions of Acres Burn, Firefighters Say the U.S. Forest Service Has Left Them With Critical Shortages
(DBN)

Maui Residents Have Been Forced From Their Homes to Make Room for Wildfire Survivors. Property Owners Are Profiting.
(DBN)

Italy and Balkans on Heat Alert as Greece Braces for Fires
(DBN)

Upgraded Hurricane Ernesto knocks out power to more than 700,000 Hurricane Ernesto Threatens Bermuda, Leaves Puerto Rico in Dark
(DBN)

Record Heat Is Testing Kraft Heinz’s Efforts to Climate-Proof Its Ketchup
(DBN)

Climate disaster survivors urge Merrick Garland, DOJ to prosecute Big Oil
(DBN)

Trump Rambled About ‘Nuclear Warming’ in a Disastrous Two-Hour Talk with Elon Musk
(DBN)

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Healthcare:

UMass Memorial tells bankruptcy court Steward can’t cancel $650k they’re owed Hearing for Steward hospital sales delayed for fifth time as negotiations continue Steward delays hospital sales hearing again At tense hearing over Steward’s closing of Carney Hospital, workers and patients say ‘the state did nothing’ Carney Hospital shutdown means loss of health care ‘cornerstone,’ Healey official says
(DBN)

WHO declares mpox a global public health emergency for second time in two years Mpox is a global emergency, WHO says. Is it spreading the US? What is Mpox?
(DBN)

Americans Die Younger Than People in All Other English-Speaking Nations
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Autos:

The dark side of the EV revolution: Road taxes States scramble to replace gas tax cash
(DBN)

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Education:

Columbia’s president resigns after months of turmoil punctuated by clashes over Israel-Hamas war
(DBN)

UCLA can't allow protesters to bar Jewish students from campus, judge rules
(DBN)

Teacher says contract wasn't renewed because he wouldn't use trans students' preferred names
(DBN)

Man left homemade bombs near elementary schools to make himself 'feel better': Feds
(DBN)

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Entertainment:

All That Zas: Warner Bros. Discovery CEO’s Tough Tactics Have Many Partners Zigging
(DBN)

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Television:

Once a Cash Cow, Cable TV Is Now Roadkill. Is a Fire Sale Next?
(DBN)

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Crypto:

Republicans claim betrayal as cryptocurrency PAC backs Democrats Schumer says a crypto bill can pass Senate this year; key Dems join ‘Crypto4Harris’ call Schumer works crypto for Kamala Harris, with help from Mark Cuban
(DBN)

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Religion:

Meet the powerful evangelicals who believe Trump is an apostle who will reclaim America for Christ
(DBN)

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Gambling:

Couple who won casino jackpot were followed home, ambushed and shot by thieves, police say
(DBN)

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Steel:

China Slashes Steel Output as Industry Rings Alarm on Demand The world's biggest steelmaker warns of a looming industry crisis that will outpace 2008's downturn
(DBN)

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Senior Living:

Illinois Senior-Living Default Spurs Bondholders to Hire Adviser Senior housing locations across Illinois listed for sale following bankruptcy
(DBN)

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Celebs:

Katie Price displays the results of her sixth facelift and 17th boob job in a tiny £890 Louis Vuitton bikini and £520 Prada hat amid bankruptcy woes
(DBN)

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Fraud:

Prosecutor in Welfare Scandal That Ensnared Favre Is Subject of FBI Bribery Probe
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (16 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Professional Employment:

Vinson & Elkins’ Latest Enviva Bankruptcy Bid Gets DOJ Rebuke
(DBN)

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Cannabis:

Chapter 15 Bankruptcy: Can it Help Cannabis Businesses that Go Up in Smoke?
(DBN)

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Mass Torts:

Avon Urged to Slow Bankruptcy While Cancer Victims Get Organized
(DBN)

J&J Eyes Texas as Venue for Next Round of Baby Powder Fight
(DBN)

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Business Judgment:

Whose Business Is the Judgment?: Federal Common Law in the Judicial Review of Bankruptcy Transactions Under Section 363
(DBN)

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Miscellaneous:

Big Lots. Fisker. BUCA
(DBN)

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Aviation:

Alaska Airlines flight attendants reject new contract, union says there’s ‘more work to do’
(DBN)

NASA will decide within 2 weeks how to bring home the astronauts stuck at the space station Why NASA astronauts are waiting to return on Boeing’s Starliner
(DBN)

Boeing Faces a Steep Climb in Catching Up to Airbus
(DBN)

US judge overturns $72M ruling against Boeing in lawsuit brought by Zunum Aero
(DBN)

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Politics:

8 states, including swing states, are putting abortion access on the ballot in 2024 A Florida referendum is putting Trump in a bind on abortion Survey shows broad opposition to abortion restrictions among women of reproductive age Arizona Supreme Court allows ‘unborn human being’ language for abortion amendment voter pamphlet New York Dems' new strategy: Prove every GOP lawmaker is a hypocrite on abortion Indiana AG drops lawsuit against hospital over 10-year-old rape victim's abortion
(DBN)

How Christian Conservatives Are Planning for the Next Battle, on I.V.F.
(DBN)

Google confirms Iran-linked hackers targeted Trump, Biden campaigns
(DBN)

Harris gains swing state edge over Trump: Cook Political Report Harris narrowly leads Trump in nearly all battleground states: Cook poll Trump leads Harris nationally by 1 point: Poll Luntz: Trump ‘committing political suicide’ as Harris seizes ‘intensity advantage’ Harris picks up support among young voters and ‘double haters’ Gavin Newsom — once Biden’s biggest cheerleader — inches into the Kamala Harris campaign Campaign spending booms in race to define Harris Harris has advantage over Trump on honesty, discipline: Poll Harris picks up ‘double haters’ as Democratic enthusiasm jumps: Poll Harris makes gains in Latino voter support but many are still in play: new poll Democrats warn Harris must get ready for Trump onslaught Teamsters' Black caucus defies leadership with Harris endorsement ‘She F------ Nailed It’: Joe Rogan Says Kamala Harris ‘Crushed’ Atlanta Speech and That’s a ‘Problem’ for Trump Harris holds access to an untapped voting bloc: The Divine Nine GOP divided over how to beat Harris Georgia Republican urges more GOP support for Harris: ‘Reclaim this country’s future’ Robert F. Kennedy Jr. tried to meet with Kamala Harris to discuss Cabinet job The complicated politics of using women leaders’ first names
(DBN)

Only Dem to have debated J.D. Vance shares weak spots with Tim Walz GOP assault on Walz’s military record evokes swift-boat attacks Trump spokesperson: Ex-teacher and soldier Tim Walz 'never held a real job in his life' Walz above water but relatively unknown in Pennsylvania: Poll 1,000+ veterans, military family members bash Trump, Vance attacks on Walz’s record
(DBN)

J.D. Vance Is Bombing His Audition As Trump Heir Apparent Tim Walz agrees to Oct. 1 VP debate Vance says he’d like ‘more than one debate’ with Walz How JD Vance's upbringing shaped his sharp-edged rhetoric about families
(DBN)

Carville on call for Biden to withdraw: ‘I became the person I’ve always hated’ Carville says Harris is more likely to win by larger margin than Trump
(DBN)

Biden harbors lingering frustration at Pelosi, Obama, Schumer When Will They Speak Again? Once Close, Biden and Pelosi Are at Odds 'Resentful' Biden Set to Snub Obama and Harris Speeches Biden is frustrated that Obama didn't directly express concerns to him about the 2024 race after the debate, report says
(DBN)

Raging Donald Trump is ‘ready to fire top campaign staff’ as Kamala Harris redefines herself with major policy U-turns Ex-White House aide says Trump won’t ‘be happy’ staying on message: ‘It’s not who he is’ Megyn Kelly: Trump’s ‘rambling’ is boring and probably ‘age-related’ He calls Harris 'incompetent socialist lunatic' with 'laugh of a crazy person' "Laffin'" and "lyin'": Trump's struggle to pin a nickname on Harris Donald Trump Uses TicTacs to Demonstrate Inflation Donald Trump's Support Among White Working Class Has 'Shrunk Significantly' Trump blames technology for ‘somewhat different and strange’ voice in Musk interview Trump Allies Fear He’s Sabotaging His Own Campaign Is it finally game over for Donald Trump? Trump needs someone to tell him the truth: He’s losing Chuck Todd: Republicans are stuck with Trump's obsessions Reporter grills Trump over 'false' crowd size claim: 'There's all kinds of video evidence' Trump-Musk interview a 'brazen' violation of federal election laws: FEC complaint Trump blames Iran for hack in his first public comments on the incident Trump Gambles on Outside Groups to Finance Voter Outreach Efforts Trump's "election integrity" plan tests his campaign How Elon Musk is using his wealth, reach to support Trump’s campaign
(DBN)

Trump casts ballot during early voting for Florida primary
(DBN)

Threat of US Civil Unrest Is Low But Rising, Analysis Finds
(DBN)

Third of Republicans believe FBI behind assassination attempt
(DBN)

Palm Beach officials could push to shut down Mar-a-Lago in dispute about road closures near Trump compound
(DBN)

West Virginia State Senator removed from Senate committees after being arrested for Indecent Exposure and Disorderly Conduct
(DBN)

Ilhan Omar fends off challengers to win primary after AIPAC stays out of the race
(DBN)

Inside the anti-Israel network planning a sweeping DNC protest
(DBN)

Democrats set to intensify attacks on Project 2025
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UK:

Bankrupt Birmingham council to sell off athletes' village at over £300m loss Council's cost-cutting plan to stave off bankruptcy
(DBN)

UK economy expands 0.6% in second quarter; June growth stalls
(DBN)

SMEs suffer as North West overdue invoices hit 2024 high Insolvency issues on the rise in the North East, new figures show
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Russia:

Ukraine's attack took perfect advantage of Russia's internal dysfunction, where nobody was in charge A Russian lawmaker says the military knew Ukraine was planning to hit Kursk, but everyone was told 'not to panic' because 'those above know better' Russia moving troops from Kaliningrad to Kursk to repel Ukraine attack, official says Ukraine hammers Russian airbases as Kyiv’s incursion triggers panic A Ukrainian soldier said Russian troops in Kursk were 'sitting in the forest and drinking coffee,' unaware they were being invaded Ukraine says its troops are advancing deeper into Russia Ukraine’s Surprise Attack Has Forced Russia to Change Plans Ukraine pounds Russia with drones and says it is advancing deeper Ukraine blitzes Putin’s forces with 117 drones blowing up two air bases as Zelensky vows to go ‘even deeper’ into Russia Putin faces dilemma on Kursk after ‘tremendous’ blow from Ukraine, says ex-ambassador Revealed: Ukraine’s plan to force Putin to retreat in shame Ukraine must decide how its Russian incursion ends — advance further or retreat before it’s too late
(DBN)

Germany zeroes in on Ukrainian suspect in Nord Stream pipeline explosions
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MENA:

Israeli Rabbis Denounce Jewish Prayers At Jerusalem's Al-Aqsa Compound
(DBN)

Biden’s hopes for Gaza cease-fire diminish despite pressure campaign New high-stakes Gaza truce talks hope to avert a wider war Trump speaks to Netanyahu about the Gaza hostage-ceasefire deal, sources say Pressure grows as "last chance" negotiations for Gaza deal resume
(DBN)

US threatens ‘swift and severe’ response if Iran sends ballistic missiles to Russia
(DBN)

Hammered by crises, Lebanon’s hospitals struggle to prepare for war with Israel
(DBN)

What’s going on inside Iran as the world awaits retaliation against Israel? Iran Suspense Grows as Israel and Its Allies Brace for Attack Iran's delayed retaliation to Israel sparks rift within terror proxies - report
(DBN)

Why the U.S. Must Lead Sanctions on Israel’s Illegal Occupation
(DBN)

Taliban celebrates three years in power as Afghans suffer hunger and repression ‘Sitting in an office is boring’: Taliban soldiers long for war
(DBN)

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China:

China’s Home Price Slump Eases After Government Rescue Efforts
(DBN)

China’s Economy Fails to Pick Up After Worst Stretch in Five Quarters
(DBN)

China's population decline is having a big impact as marriages, diamond sales, and retail spending drop
(DBN)

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Argentina:

Argentina Inflation Slows to Lowest Level Since 2022 Under Milei
(DBN)

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South Africa:

Ponzi scheme’s trustees pursue investors who gained R178m
(DBN)

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