August 23, 2024

The Daily Bankruptcy News

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Law:

Big Law’s Surprisingly Good Numbers Hint at Possible Great 2024
(DBN)

Girardi Insists Clients Were Paid During Strained Testimony Tom Girardi on the witness stand: 'I wasn't going to 'go steal money''
(DBN)

WilmerHale latest law firm to add non-equity partner tier Top 50 Biglaw Firm Creates Nonequity Partnership Tier To 'Attract, Promote, And Retain' Talent
(DBN)

These firms are 'ceiling smashers' for having highest percentage of women in equity partnerships
(DBN)

Jones Walker Welcomes Bankruptcy Attorney Sean Wilson
(DBN)

Biglaw Partners Can, Will Make Associates Do Whatever They Want: Industry Expert
(DBN)

The Law Schools Whose Professors Have The Most Scholarly Impact (2024)
(DBN)

How an understanding court clerk saved lawyer with dementia from humiliation
(DBN)

Lathrop GPM will merge with Silicon Valley firm Oct. 1; ‘why wait?’ managing shareholder asks
(DBN)

Former Jan. 6 committee chair says Trump is "plotting again" In echo of 2020, Trump claims he’ll lose only if Democrats ‘cheat’ Georgia county election boards could become 2024 battleground
(DBN)

New York attorney general hits Trump at DNC, says she’s ‘confident’ in $454 million fraud verdict
(DBN)

Trump's New Jersey golf club hosting fundraiser for Jan. 6 rioters Trump Not Attending ‘J6 Awards Gala’ at NJ Golf Club to Honor Capitol Rioters: Source
(DBN)

Letitia James swats at Trump appeal of civil fraud penalty and what he 'tellingly' ignores
(DBN)

Hunter Biden's federal tax trial set to begin Sept. 5 in Los Angeles
(DBN)

Gov. Abbott sent no migrant buses from Texas to blue cities in July
(DBN)

Supreme Court partly grants GOP request to enforce Arizona’s proof-of-citizenship voting law Supreme Court grants GOP bid to require citizenship proof for some Arizona voters
(DBN)

Mike Lynch just won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer drowned in a superyacht while celebrating.
(DBN)

Florida man hired pair to carry out acid attack on ex-girlfriend, prosecutors say
(DBN)

California hospital told woman's family she had checked out when she was actually dead, lawsuit says
(DBN)

Ex-babysitter who hit infant 40 years ago pleads guilty to manslaughter in his 2019 death
(DBN)

4 jail security guards accused in cellphone and chicken pot pie sex scandal
(DBN)

Drug smuggler granted clemency by Trump arrested for allegedly punching wife in face
(DBN)

Father allegedly leaves 3 young daughters unattended so he could ride roller coasters
(DBN)

California woman fed up with stolen mail sends Apple AirTag to herself to catch thief
(DBN)

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Judges:

Bankruptcy Judge Scandal Still Very Far From Resolved Ex-bankruptcy judge worried about prosecution, embarrassment
(DBN)

New Chief Bankruptcy Judge Appointed in the Southern District of Georgia
(DBN)

BK NV: The Bankruptcy Bugle Newsletter (August 2024)
(DBN)

Federal Judge Who Overturned Boeing's $72M Verdict Over Stealing Trade Secrets Admits Trading Up To $15K In Airplane Maker's Stock While Overseeing The Case: 'Could Be Some Market Movement, But It's Not Going To Influence My Decision'
(DBN)

Judiciary Backs Sexual Misconduct Findings Against Alaska Judge
(DBN)

Give Us a Break: Supreme Court’s summer hiatus interrupted by emergency docket cases
(DBN)

Amy Coney Barrett Sides With Liberal Justices on Voter ID Laws
(DBN)

Assistant pleads guilty to embezzling more than $50K from criminal court judge
(DBN)

Judge reprimanded for false ‘elder abuse’ claim on Facebook in spat over guardianship case
(DBN)

Supreme Court Justices Don't Have To Go Far For A Starbucks Run
(DBN)

Michigan AG Has Strong Message For Supreme Court
(DBN)

Court Website Asks Users If They're Presently Dead
(DBN)

Judge accused of sleeping during child's testimony in case against day care worker
(DBN)

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Wall Street:

 

Wall Street knows interest rate cuts are coming. What matters is how big they'll be.
(DBN)

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Layoffs:

UW Board of Regents approves mass layoffs of tenured faculty at UW-Milwaukee
(DBN)

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Food Beverage:

Fast food has a Gen Z problem
(DBN)

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Education:

Owner of Defunct Virginia Flight School Faces Prison
(DBN)

Sticker price at some colleges is now nearly $100,000 a year, ‘a worrisome trend,’ expert says
(DBN)

Most community college students plan to get 4-year degrees. Few actually do
(DBN)

Miami college turns to immigrants for help with teacher shortage
(DBN)

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Tech:

A court filing unmasked the 100 investors in Elon Musk's X: a Saudi prince, major VCs, Diddy, and Jack Dorsey
(DBN)

Uber to Begin Offering Self-Driving Cars
(DBN)

Amazon's CEO says their AI tool has saved them a crazy amount of time
(DBN)

Elon Musk's own AI system creates video of him and Trump committing armed robbery
(DBN)

47% of firms have suffered data breach resulting in big financial loss
(DBN)

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Lotteries:

Someone Spent $25 Million on Lottery Tickets to Guarantee a Win. And It Worked.
(DBN)

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Food/Beverage:

Ste. Michelle Wine Estates brand files for bankruptcy
(DBN)

Subway abruptly closes 23 stores in two states & 200 workers out of jobs – diners fear chain is ‘dropping like flies’
(DBN)

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Religion:

This San Francisco church has 115K members yet might be illegal
(DBN)

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Climate:

No one can figure out why the Atlantic Ocean is cooling at record speed
(DBN)

Greece Braces for More Wildfires While Storm Lilian Crosses UK
(DBN)

Financing Push Aims to Unlock Billions to Curb Methane Leaks
(DBN)

Unseasonal Winter Heat Across Australia Raises Wildfire Risks
(DBN)

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Autos:

BMW Pulls Ahead of Tesla in European EV Sales For First Time
(DBN)

Tesla Cybertrucks are being delivered to customers covered in dirt and full of trash
(DBN)

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Retailing:

Urban Outfitters Shares Sink on Disappointing Sales Growth
(DBN)

State of retail: More store closings than openings this year as industry adjusts
(DBN)

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Distressed Investing:

Fund Beats 99% of Peers With Outsized Ukraine Bond Returns
(DBN)

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Economy:

Some Fed officials saw a case to cut rates in July, minutes show
(DBN)

El-Erian Says Market Is Pricing In Too Many Fed Rate Cuts
(DBN)

Investors Seem Pretty, Pretty Confident About What Jay Powell’s Gonna Say This Week How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech
(DBN)

Philadelphia Fed President Patrick Harker advocates for interest rate cut in September
(DBN)

Fed’s Schmid Says He Wants to See More Data Before Rate Cut
(DBN)

The paradox of interest rate policy
(DBN)

What you need to know about the Fed's big Jackson Hole gathering
(DBN)

Why the Fed will cut rates in September and then stop for the year, chief economist says
(DBN)

US Manufacturing Activity Contracts at Fastest Pace This Year
(DBN)

Applications for US Jobless Benefits Barely Rose Last Week
(DBN)

Quantitative tightening goes global for the first time, in test for markets
(DBN)

Economist Paul Krugman defends Harris' price-gouging plan — but 'Shark Tank' star Kevin O'Leary calls it a 'horror film'
(DBN)

Sen. Bob Casey targeting "greedflation" in DNC speech
(DBN)

Whether you're back in the office may depend on where you live
(DBN)

The US economy just saw a big downward revision in jobs added over the past year. Why investors shouldn't sweat it.
(DBN)

‘It’s Just Atrocious’: Jobs Data Snafu Stirs Fury on Wall Street
(DBN)

The 10 worst states to live in, ranked
(DBN)

Corporate boards brace for DEI backlash
(DBN)

Canadian rail lockout leaves billions in U.S. trade stranded, with economic impact to grow
(DBN)

The rise of ghost jobs and what it means for job seekers
(DBN)

How Personal Guarantees on Small Business Loans May Hurt the Economy
(DBN)

Small businesses fear bankruptcy from Rayner’s sick pay push
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

July home sales break a four-month losing streak as supply rises nearly 20% over last year U.S. Home Sales Edged Up in July, Prices Still Near Record Highs US Existing-Home Sales Increase for First Time in Five Months
(DBN)

Are You Sure Your House Is Worth That Much?
(DBN)

NYC's Rent Surge Drives 86-Year-Old to Move in With a 'Boommate'
(DBN)

30-Year Mortgage Rate Dips to 6.46%; Home Sales Rise US Mortgage Rates Drop to a 2024 Low as Buyers Await Fed Cuts
(DBN)

Homebuyers Reveal How Low Mortgage Rates Must Go Before They Buy a House By Julie Taylor
(DBN)

A 40-year mortgage is the answer to improving home affordability, CEO says
(DBN)

What Kalamazoo (Yes, Kalamazoo) Reveals About the Nation’s Housing Crisis
(DBN)

The King's castle: How the alleged Graceland theft scheme sheds light on real estate fraud
(DBN)

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Oil/Gas:

US Shale Oil to Accelerate Production on Efficiencies, BNEF Says
(DBN)

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Politics:

We Dug Into the 2024 Polling Crosstabs. What We Found Was Stunning.
(DBN)

"New Way Forward": Harris' DNC keynote, previewed Harris summons Americans to reject political divisions, warns of consequences posed by a Trump win In historic convention speech, Harris presents case against Trump 5 takeaways from Kamala Harris’ historic acceptance speech Harris' DNC speech proves she finally knows who she needs to be to win Harris Accepts Historic Nomination Vowing Fight for Middle Class Kamala Harris Offers a ‘New Way Forward’ of Platitudes The most unusual thing about Kamala Harris’ convention speech? She hasn’t given a high-profile one before Kamala Harris’ ‘Build, Baby, Build’ Convention Hillary Clinton never campaigned in swing state Wisconsin in 2016. Kamala Harris isn't making that mistake Moms of Black men killed by police to attend Kamala Harris DNC speech With Harris, the Gaza fissure within the Democratic Party quiets A Guide to Kamala Harris and Her Policy Positions Stunning Harris rollercoaster reaches new apex at Democratic convention ‘Nobody Ever Stood Up for Her’: Kamala Harris’ Early Skill in Sex Crimes Cases Defined Her Career Joe cried, Kamala cried and so did I. Can this be the Democrats putting on a better show than Trump ever did? In Kamala Harris' ancestral village in India, people cheer her U.S. presidential bid Harris has South Asian American voters in swing state Georgia fired up Kamala Harris’ Style Is ‘Quite Dull’—And That's the Point Poll: Harris' favorability grew while Trump's dipped
(DBN)

A look back at false and misleading claims made during the the Democratic convention Kamala Harris fact-checks from 2024 DNC speech Fact checking Trump's claims during Harris' acceptance speech
(DBN)

This is not the Democratic Party of 2020
(DBN)

Former Republican lawmaker offers a blistering assessment of Trump in DNC speech Kinzinger in DNC speech says GOP is "no longer conservative"
(DBN)

Tim Walz's "aww shucks" force field Chasten Buttigieg: ‘I hope to inspire my kids’ as much as Tim Walz does How Tim Walz Learned To Throw a Punch What are the differences between IVF and IUI, the fertility treatment used by Tim Walz's family? Gus and Tim Walz share a father-son moment that melts hearts of people watching the DNC Ann Coulter Deletes Heartless Gus Walz Tweet After Backlash Tim Walz and His Party Are the New Small-Town Conservatives
(DBN)

Young Democrats Have a New Favorite Clinton
(DBN)

Meet Doug Emhoff: Dad-in-Chief
(DBN)

Bill Clinton in DNC speech: "I'm still younger than Donald Trump" The best zingers from Bill Clinton’s convention speech — mostly at the expense of Trump A slower, wizened Clinton sinks his fangs into Trump
(DBN)

Between the GOP speakers, Oprah's call to action, and Bill Clinton's economy brag, the DNC sure seems set on attracting Republicans and independents
(DBN)

Beyoncé? Taylor Swift? Harris racks up celeb support as campaign courts young, Black voters DNC's Beyoncé blues: "Special guest" never arrived
(DBN)

Donald Trump Isn't Worried Taylor Swift Will Sue Him Over Fake Endorsement Post With AI Images: ‘Somebody Else Generated Them' Trump says Taylor Swift-related pictures he shared were 'made up by other people' — and called AI 'very dangerous' Trump protected by bulletproof glass in 1st outdoor rally since shooting Donald Trump rages at claim Queen Elizabeth II found him ‘very rude’ Trump attacks Walz over DNC speech and tries to distance himself from Project 2025 Trump has far less campaign money and infrastructure than Harris Trump jabs ‘highly overrated Jewish Governor’ Josh Shapiro Josh Shapiro blasts Trump for calling him ‘overrated Jewish Governor’ White House slams Trump for "Antisemitic, dangerous" attack on Shapiro Trump slams Obamas’ DNC speeches for ‘getting personal’ Harris upended Trump’s electoral fortunes. Just look at North Carolina Trump promotes family’s new crypto platform, ‘The Defiant Ones’ What’s Vexing Donald Trump Now? Kamala Harris’s Looks Donald Trump reveals he doesn't want intelligence briefings so he can't be accused of leaking classified information
(DBN)

Vance says ‘dark message’ on Trump at DNC doesn’t gel with Democrats’ ‘joyful’ rhetoric JD Vance forced to listen to insult after insult during excruciating media interviews JD Vance Fails to Impress Donut Shop Employee in Awkward Photo Op
(DBN)

Cruz holds slight edge on Allred with 6 percent undecided: Poll
(DBN)

Where it all went wrong for RFK Jr. How RFK Jr.'s exit would help Trump, according to the polls Outraged Kennedy Volunteers Beg Him Not to Quit For ‘Backroom Deal’ With Trump Kennedy withdraws from Arizona ballot on eve of big announcement
(DBN)

Abortion was long taboo. Democrats now want everyone to talk about it Florida Supreme Court allows for ballot language abortion-rights activists fought Arkansas Supreme Court upholds rejection of abortion-rights ballot measure
(DBN)

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Celebs:

Dame Dash Explains How He Went Broke Over The Years
(DBN)

From £40M Net Worth To Bankrupt And Still Splurging On Plastic Surgery: Where Did Katie Price's Money Go?
(DBN)

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Hotels:

Family of West Virginia governor, running for Senate, has deal to avoid Greenbrier hotel foreclosure
(DBN)

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Steel:

China Puts Brake on New Steel Capacity With Industry in Crisis
(DBN)

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Financial Services:

B. Riley-Backed Franchise Group Wins Brief Reprieve From Lenders
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Preemption:

9th Circuit Judge Highlights Circuit Split on Federal Preemption Question in Bankruptcy
(DBN)

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Venue:

'Gaining a Reputation': How Kirkland - And Others - Are Putting This Bankruptcy Venue On the Map
(DBN)

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Non-Debtor Releases:

Southern District of Texas Bankruptcy Court Confirms That Opt-Out Procedures Provide Consent for Third-Party Releases
(DBN)

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Mass Torts:

Beauty brand files for Chapter 11 bankruptcy after several lawsuits link its products to cancer Avon is in a reputational crisis. Can the beauty giant be saved?
(DBN)

Catholic Diocese of Rochester bankruptcy case leaves survivors of childhood sexual abuse waiting for justice
(DBN)

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Exemptions:

Does A Canadian Retirement Plan Qualify For A Bankruptcy Exemption Tied To I.R.C. Requirements (Green v. Leibowitz)
(DBN)

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Aviation:

Southwest Airlines Polls Customers on Changing Free Bag Policy
(DBN)

There's a Problem With Rescuing the Stranded Astronauts: SpaceX and Boeing Spacesuits Aren't Compatible NASA to Make Starliner Decision on Saturday
(DBN)

Canada Jetlines Initiates Restructuring Under Bankruptcy Process
(DBN)

Rex sale on track, despite managers' call for more time
(DBN)

SAS Cabin Crew Go on Strike in Norway After Wage Talks Collapse
(DBN)

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Healthcare:

Steward deals still not done: ‘We are very close to the finish line’ Bankrupt Steward Demands State Funds to Keep Hospital Open, Pennsylvania AG Says Filing: Steward Health wants $1.5 million or will close Sharon Regional Can lawmakers save local Steward hospitals? Steward Bankruptcy judge moves final deadline to prevent Sharon Regional closure to August 30 Steward Health Care must hold off on issuing closure notice for PA hospital, bankruptcy judge rules Leaders Determined to Save Trumbull Regional Mass. lawmakers call for severance for workers at Steward’s Carney, Nashoba Valley hospitals Steward Health to close two Ohio hospitals, Pennsylvania hospital at risk Steward closing Ohio hospitals as deal to sell Sharon Regional 'close' State announces deals for transition of ownership at five Steward hospitals
(DBN)

Newly Public Pregnancy Care Firm Nuvo Files for Bankruptcy
(DBN)

Embattled MultiPlan scores antitrust win as California court tosses case by debtor
(DBN)

Trudell Medical acquires Vyaire’s RDx diagnostics arm amid Chapter 11 bankruptcy
(DBN)

Axios-Ipsos poll: Uptick in Americans feeling COVID risk
(DBN)

Mpox Risks Heighten With Mosaic of Infection Patterns
(DBN)

In central Iowa, USDA researchers hunt for answers to the bird flu outbreak in cows
(DBN)

FDA approves updated Pfizer, Moderna Covid vaccines as virus surges; shots to be available within days New Covid Shots Were Approved. But Who Will Get Them?
(DBN)

If RFK Jr. becomes Trump's health secretary, here's what he wants to do
(DBN)

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Banking:

Former Kansas bank CEO gets 24 years in prison
(DBN)

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Crypto:

Crypto is dominating corporate election spending
(DBN)

Trump teases 'official' cryptocurrency project
(DBN)

Ex-FTX exec's girlfriend accused of using his money to illegally fuel her political career
(DBN)

Crypto Lobbyist Charged With Breaking Campaign Finance Rules
(DBN)

Feds accuse former Fort Worth crypto company of defrauding clients of $5.6 million
(DBN)

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Sovereigns:

Ghana to Start Eurobond Exchange Next Week to Wrap Up Debt Revamp
(DBN)

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UK:

UK Energy Bills Set to Rise 10% in October in Blow to Households
(DBN)

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EU:

ECB Says Consumer Inflation Expectations Edged Higher in July
(DBN)

Euro-Zone Wage Growth Slows, Boosts Case for Another ECB Cut
(DBN)

Cocaine, Jeffrey Epstein and a dead elephant: Royals behaving badly vex Europe’s leaders
(DBN)

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Canada:

Lockout shuts down Canada's freight rails Canada Railroads Shut Down, Potentially Impacting US Supply Chains Rail Shutdown’s Hit to Canada Seen Rising If Outage Lasts a Week Canada Railways Lock Out Workers as Talks Fail, Snarling Trade Miners tap trucks, divert shipments to sidestep Canada rail woes Canada Tries to End Railway Lockout, Sends Dispute to Labor Body
(DBN)

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China:

GAC-Fiat Chrysler’s Bankrupt Chinese JV Halts Plant Auction for Lack of Bidders
(DBN)

PwC braces for 6-month ban in China over Evergrande audit, FT reports
(DBN)

China's surprising bond boom
(DBN)

China Bond Trading Collapses Amid PBOC Crackdown on Record Rally
(DBN)

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Russia:

Another Russian mercenary leader has turned against Putin How much longer does he have? Putin’s clock is ticking for Lukashenko in Belarus Russian Attitudes About Putin Might Be Shifting
(DBN)

Russia installs concrete shelters in Kursk region as Ukraine expands offensive Putin on Kursk failure: Not my fault
(DBN)

Drones Hit Russian Military Airbase as Ukraine Escalates Long-Range Strikes - WSJ
(DBN)

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MENA:

Hamas considers targeting Israelis abroad following Haniyeh assassination
(DBN)

Report: Hezbollah ready to launch attack on Israel after 10 years of plotting
(DBN)

Israel’s evacuation orders have displaced 90% of Gaza residents, UN says
(DBN)

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Germany:

Germany Near Rescue Deal for Cruise Ship Builder Meyer Werft
(DBN)

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Argentina:

Argentina Senate Passes New Pension Formula in Defiance of Milei
(DBN)

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India:

Can technology aid insolvency process?
(DBN)

Anil Ambani: How the world's former 6th richest man became bankrupt, banned in just over a decade
(DBN)

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New Zealand:

New Zealand Retail Sales Slide Adds to Triple-Dip Recession Risk
(DBN)

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Poland:

Use and Abuse (?) of Restructuring Proceedings in Poland – How can Creditors Protect their Rights?
(DBN)

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