February 7, 2024

The Daily Bankruptcy News

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Law:

Florida Supreme Court tells state bar to stop funding diversity initiatives
(DBN)

Madison Square Garden Welcomes New GC Amid Ongoing Lawyer Ban
(DBN)

Law schools must adopt free speech policies to maintain ABA accreditation ABA's New Law School Free Speech Requirement Just Makes Everything Worse
(DBN)

Law School May Receive Name Change After 'Historic' Charitable Donation
(DBN)

DEI? What DEI?
(DBN)

Secretive US rightwing group Alec designs law to give big business ‘complete immunity for bad acts’
(DBN)

Leader Of High-Profile Plaintiffs Firm Suddenly Resigns, Resulting In Office Closure, 'Mass Layoffs'
(DBN)

Appeals court rejects Trump's immunity claim in federal election interference case DC Circuit Sends SEAL Team 6 To Assassinate Trump's Ridiculous Immunity Arguments Trump is not immune from prosecution in his 2020 election interference case, US appeals court says What to know about Trump's immunity claims in the 2020 election cases Trump’s immunity fight heads to Supreme Court Takeaways from the court ruling denying Trump immunity 'Trump's stance would collapse our system of separated powers': Appeals court What’s Next After Trump Was Denied Immunity from Criminal Charges Donald Trump's failed immunity appeal is still a win for his delay strategy
(DBN)

Trump Hush-Money Prosecution in New York Returns to the Spotlight
(DBN)

Trump plans to stay away from Supreme Court arguments after turning past court appearances into campaign stops
(DBN)

MAGA Lawyer Doesn't Have A Computer, Has To Borrow One From The Government
(DBN)

The Supreme Court’s Trump ruling could be the beginning of the end for our democracy
(DBN)

Trump makes New York ballot, but lawsuit looms to knock him off Supreme Court Shocker? Here’s What Happens if Trump Gets Kicked Off the Ballot
(DBN)

Trump's fraud-trial judge, left out of loop, demands to know if a key witness really may cop to perjury like the NYT says
(DBN)

Rudy Giuliani owes $40,000 in golf club membership fees, bankruptcy filings show
(DBN)

Mar-a-Lago judge shuts down Jack Smith's attempt to keep government witnesses redacted
(DBN)

Lawyers and ethics experts defend Fani Willis as Trump seeks her removal in Georgia case
(DBN)

US State Department security officer arrested over Jan. 6 Capitol attack
(DBN)

Appeals court rejects bid by Trump co-defendant lawyer Jeffrey Clark to delay ethics case
(DBN)

Gaetz, Stefanik offer resolution declaring Trump 'did not engage in insurrection' Can the 14th amendment take Trump off the ballot? Supreme Court to hear case Thursday
(DBN)

Rudy Giuliani owes $10K for overdraft on checking account as creditors claw at finances
(DBN)

The new urgency behind Trump's political flexing
(DBN)

Findings in Biden classified documents probe expected in coming days, with no criminal charges
(DBN)

Illinois town's use of drone in arrest is part of debate on use of unmanned crafts
(DBN)

Florida Supreme Court to hear pivotal battle over abortion
(DBN)

Three reasons why so many migrants want to cross from Mexico to US
(DBN)

Parents of Chiefs fan found frozen to death in yard say toxicology findings prove 'there's more to the story'
(DBN)

Over 60 current and ex-NYCHA workers cuffed in historic bribery and extortion bust
(DBN)

High school sports broadcaster awarded $25M after newspaper wrongfully called him a racist
(DBN)

Florida woman steals deputy's patrol car, crashes into oncoming traffic, killing herself and 2 others: video
(DBN)

Taylor Swift threatens legal action against student who tracks her jet
(DBN)

Tennessee Man Plotted to Bring Guns and Explosives to the Border, FBI Says Tennessee man who was working with militias planned to act as a sniper and attack Southern border, feds say
(DBN)

The ‘God’s Army’ Convoy Was an Unholy Union of the Far Right
(DBN)

Guardian Angels Rough Up Man During Live Hannity Interview: ‘Our Guys Have Just Taken Down One of the Migrant Guys’
(DBN)

Michigan school shooter’s mother found guilty of involuntary manslaughter Mom of school shooter found guilty in unprecedented case
(DBN)

Florida can’t enforce law blocking real estate purchases by Chinese citizens against 2 plaintiffs, court rules
(DBN)

Maui police release report on response to deadly wildfires
(DBN)

Baby’s death ruled a homicide after suffering broken neck during delivery at Georgia hospital
(DBN)

Man handcuffed by police for so long his hand needed to be amputated, lawsuit says
(DBN)

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Judges:

Some want Justice Thomas to skip Trump’s ballot case. He doesn’t plan to.
(DBN)

Biglaw Firm Woos Former Federal Judge To Join As Partner
(DBN)

Justice Jackson has weighed in on more legal questions of Jan. 6 rioting than any other Supreme Court member
(DBN)

Trump’s 14th Amendment fight poses an enormous test for John Roberts
(DBN)

Senate Investigation “Casts Fresh Doubt” About the Validity of Harlan Crow’s Yacht Tax Deductions
(DBN)

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Wall Street:

S&P 500 futures rise slightly as investors parse fresh quarterly results
(DBN)

Leon Cooperman says ‘too rich’ stocks to go down, and long-term rates could go higher this year
(DBN)

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says
(DBN)

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Layoffs:

DocuSign to lay off 6% of workforce, or about 440 jobs
(DBN)

Amazon Is Laying Off Hundreds in Its Health Care Operation
(DBN)

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Banking:

NYCB Extends $4 Billion Rout That’s Erased Over Half Its Value
(DBN)

NYCB shares continue tumble after Moody’s downgrades bank’s credit rating
(DBN)

Fed Ends Enforcement Action for FTX-Linked Farmington State Bank
(DBN)

Wall Street is worried about another regional banking crisis
(DBN)

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Autos:

Polestar's CEO just hinted at a looming problem in the EV market: Tanking used values
(DBN)

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Climate:

Behind California’s historic rainfall, a likely culprit: climate change Deadly storm pummels California with "catastrophic" flooding California's 1 in a 1,000 Year Rain Event
(DBN)

Californians Still Don't Buy Flood Insurance
(DBN)

Farmers Accuse Biden of Overlooking Biofuels in Race to EVs
(DBN)

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Pharma:

Pharmacies are struggling to refill their own ranks
(DBN)

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Crypto:

DCG files a motion to object to Genesis Capital’s bankruptcy plan DCG Says Genesis Creditors May Get Unfair Windfall Under Plan
(DBN)

Bankruptcy Was Crypto Winter’s Circuit Breaker
(DBN)

Blockfi and Three Arrows Capital Settlement Approved; Details Remain Sealed
(DBN)

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Student Debt:

4 Big Student Loan Forgiveness Updates As Biden Approves New Relief
(DBN)

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Economy:

Powell: ‘The US is on an unsustainable fiscal path’
(DBN)

Mester Sees Fed Gaining Confidence to Cut Interest Rates Later This Year
(DBN)

Fed’s Kashkari Says Need to See More Progress on Inflation
(DBN)

NY Fed Q4 Report: Household Debt Increased
(DBN)

Credit card delinquencies surged in 2023, indicating ‘financial stress,’ New York Fed says Credit card debt increases by $50B to new record high
(DBN)

The US economy is 'on steroids' and big government spending will soon hit the market, legendary investor Paul Tudor Jones
(DBN)

A Goldilocks economy could be coming, but a key piece of the puzzle remains elusive
(DBN)

Yellen, asked about Kudlow’s mea culpa, says economy ‘headed in the right direction’
(DBN)

Strong economic growth raises new questions about just how restrictive rates are
(DBN)

The West’s Share of US Population Is Falling
(DBN)

10 cities where high-income Americans are moving
(DBN)

Single HENRYs are fleeing West Coast cities like San Francisco and Los Angeles for the Sunbelt, study finds
(DBN)

“I don’t think any of the numbers mean anything”: Washington braces for a Trump trade war
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

ICE (Black Knight) Mortgage Monitor: "Positive Signs in Housing, Mortgage Markets"
(DBN)

Weekly mortgage demand from homebuyers is flattening as interest rates rise
(DBN)

CoreLogic: US Home Prices Increased 5.5% Year-over-year in December
(DBN)

Yellen Says Commercial Property Is a Worry, But Regulators Are on It
(DBN)

Deutsche PBB Bonds Suffer Record Drop as US Property Fears Mount
(DBN)

Adam Neumann, Dan Loeb’s Third Point Plot Bid for WeWork WeWork: How ousted co-founder Adam Neumann plans to get back in control Adam Neumann is crashing into WeWork’s high-wire revival act
(DBN)

Insolvent Signa Real Estate Unit Can’t Pay for Its Own Wind-Up
(DBN)

Prominent New York Developer Arrested on Charges Tied to Vast Fraud Scheme
(DBN)

Former NYC Condo Empire Executive Arrested for Larceny, Tax Fraud
(DBN)

Gun, abortion and LGBTQ laws are affecting where home buyers move, Redfin says
(DBN)

Home Insurers Leaving High Risk Areas
(DBN)

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Municipalities:

Rising crime risks turning Oakland into a ‘ghost town.’ Newsom is sending in reinforcements
(DBN)

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Oil/Gas:

The rate of oil demand growth has peaked 'for good,' Bank of America says
(DBN)

US Oil Output Expected to Flatline Until 2025, Easing Glut Concerns
(DBN)

Big Oil Embraces Corn as Former Foes Unite Against EV Threat
(DBN)

Biggest Gas Producer Slams Biden’s LNG Freeze as Political Stunt
(DBN)

Toyota Boosts Spending on EV Production in US by $1.3 Billion
(DBN)

Oil market will face supply shortage by end of 2025, Occidental CEO says
(DBN)

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Student Debt:

Companies can now help workers pay off student debt while saving for retirement—these 3 already do
(DBN)

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Food/Beverage:

McDonald’s CEO promises ‘affordability’ amid backlash over $18 Big Mac combos, $6 hash browns McDonald’s pushed customers to the brink on price. They’re now pushing back
(DBN)

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Sports:

How Quickly Did 31 QBs Earn Purdy’s $870 K?
(DBN)

NFL ‘Rooney Rule’ on Diversity Targeted by Trump Adviser’s Group
(DBN)

Outrage as five transgender students dominate the volleyball court at a women's college varsity game - as biological females are kicked down to the bench
(DBN)

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Newspapers:

The Age of Billionaire News Ownership Is Waning: Who or What Will Replace Them?
(DBN)

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Tech:

Apple Vision Pro Turned the Real World Into a ‘Black Mirror’ Episode Overnight
(DBN)

How Elon Musk’s Twitter Ultimatum Brought Employees to Their Breaking Point: “People Were Emotionally a Wreck”
(DBN)

Snap plunges 30% on revenue miss and light guidance, as company says Mideast war creates ‘headwind’
(DBN)

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Celebs:

Travis Kelce: Super Bowl legend, Taylor Swift's boyfriend, and … personal finance guru?
(DBN)

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Religion:

Why Pope Francis’s Recent Decree Shook the Catholic Church
(DBN)

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Celebs:

Brett Favre still refuses to repay Mississippi $730K for speaking fees: Court docs
(DBN)

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Labor:

UAW Signs Up Majority of Workers at Volkswagen Plant After Detroit Wins
(DBN)

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Education:

UC Berkeley cites First Amendment in bid to end antisemitism lawsuit
(DBN)

Education Department investigating Harvard after complaint from Palestinian students and allies
(DBN)

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Utilities:

PREPA bond parties ask for case delay until appeal ruling
(DBN)

Texas Got Early Warnings About Costly Grid Policy, Records Show
(DBN)

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Healthcare:

Atlanta’s health care system is strained by major hospital’s closing, doctors and patients say
(DBN)

Survey of over 90,000 trans people shows vast improvement in life satisfaction after transition
(DBN)

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Transit:

Greyhound Bus Stations Closing Around America
(DBN)

____________

Television:

‘Hulu of Sports’ Service Will Test Consumer Loyalty to Cable
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Chapter 11 Bankruptcy Filings Increase 22% Y/Y in January, Subchapter V Filings Up 43%
(DBN)

Increases in bankruptcy filings reach 18 consecutive months
(DBN)

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Mass Torts:

Boy Scouts victims can't change 'quick pay' decision, judge rules
(DBN)

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Aviation:

Unsecured SAS creditors accepted revised Chapter 11 plan after ‘hard-fought’ discussions
(DBN)

Boeing needs more oversight, FAA chief says
(DBN)

Faulty door panel on Alaska Airlines flight had no bolts installed, NTSB says in preliminary report
(DBN)

Spirit Aero Suspends Guidance on Boeing 737 Rate Uncertainty
(DBN)

Ryanair Wins EU Court Appeal Over KLM’s Covid-19 Aid Approval
(DBN)

____________

Politics:

The GOP’s True Priority
(DBN)

NV: Nikki Haley Loses to "None of the Above"
(DBN)

Trump voters aren't buying the MAGA conspiracy theory around Taylor Swift
(DBN)

Donald Trump deploys his oft-used playbook against women who bother him. For now, it’s Nikki Haley
(DBN)

RNC chief of staff exiting amid Trump tensions Ronna McDaniel, R.N.C. Chairwoman, Plans to Step Down Trump campaign plans its takeover of the Republican National Committee
(DBN)

Biden is going small to try to win big in November. That means stops for boba tea, burgers and beer
(DBN)

Forget No Labels. Biden’s Third-Party Peril is on the Left.
(DBN)

Israel making progress in tunnel hunt for Hamas leader Sinwar, Israeli officials say
(DBN)

Conventional wisdom said Trump couldn’t win in 2016. This historian’s ‘keys’ said he would. What are those keys telling us today?
(DBN)

Lawmakers see blue-collar voters as key in Biden-Trump rematch
(DBN)

AI-generated Biden robocall linked to Texas companies, officials say
(DBN)

Senate border bill gets no help from its likeliest House GOP backers Senate GOP floats tactical retreat on border deal Senate GOP will block border deal, leaving Ukraine in limbo Ukraine, Israel aid in jeopardy amid Biden-GOP border battle Biden blames Trump for helping torpedo border bill Critics say border bill would send $60B to Ukraine. Here’s where it’s really going. McConnell admits defeat on border deal: 'It will not become law' Why The Border Deal Happened: Republicans Held Europe For Ransom Biden Pins Border Bill Failure on Trump, Leaving Ukraine Hanging Biden pledges to campaign "every day" on Trump's border meddling Republican Senators Heard Screaming at Each Other Over Border Mess
(DBN)

Cruz says it’s time for McConnell to step down as GOP leader
(DBN)

Town manager quits over anti-gay pressure in quaint New Hampshire town
(DBN)

Kari Lake’s leaked recording is causing trust issues in the Arizona GOP
(DBN)

Bank plans to auction posh property owned by West Virginia Gov. Jim Justice to repay loans
(DBN)

Mayorkas impeachment in doubt as GOP struggles with vote math House Fails to Impeach DHS Secretary House Republican slams GOP's “delusional” Mayorkas impeachment Second GOP rep says he’ll vote against Mayorkas impeachment Johnson’s risky impeachment bet Botched impeachment vote shows a GOP that can't function Epic double debacle stings House GOP House GOP erupts in fury over "embarrassing" and "shameful" defeats House GOP wants another try on Mayorkas after failed impeachment vote
(DBN)

Congress' epic implosion Chuck Todd: Congress is passing the FUBAR test with flying colors
(DBN)

Americans are tuning out politics news ahead of 2024 election
(DBN)

New No Labels warning: A presidential election decided by the House
(DBN)

Project Veritas Admits No PA. Voter Fraud Story
(DBN)

____________

Sovereigns:

Bolivia Cut Deeper Into Junk by Fitch on Falling Reserves
(DBN)

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UK:

Members of crisis council delay own 18% pay rise Birmingham council housing waiting list could close Bankrupt authority considers 8% council tax rise
(DBN)

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EU:

This time, the far-right threat is real
(DBN)

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Canada:

Canada’s Housing Target Falls 1.5 Million Units Short, CIBC Says
(DBN)

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MENA:

Blinken pushes for progress on Gaza cease-fire-for-hostages deal in meetings with Arab mediators Blinken holding crucial meetings in Israel as efforts to free hostages and halt Gaza fighting intensify
(DBN)

Hamas proposes three-stage ceasefire over 135 days, leading to end of war
(DBN)

Netanyahu Pinned in Tough Spot as Key Ministers Attack Biden
(DBN)

More than a fifth of remaining hostages in Gaza are dead: Israeli officials Biden: Hamas response to hostage deal proposal "a little over the top" Qatari PM says Israel, Hamas could reach deal ‘soon’ on hostages
(DBN)

U.S., allies hope to soon announce steps to end Israel-Hezbollah fighting
(DBN)

Mattis secretly advised Arab monarch on Yemen war, records show
(DBN)

US didn’t inform Iraq about strikes beforehand, contradicting earlier White House statement
(DBN)

What the U.S. recognizing a Palestinian state would mean
(DBN)

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Argentina:

Argentina's new president is dragging his feet after promising to use the US dollar more
(DBN)


____________

China:

China is facing the US financial crisis 'on steroids' as the real estate market collapses, famed hedge fund boss says
(DBN)

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Russia:

Tucker Carlson Says He’ll Interview Putin About Ukraine War
(DBN)

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Venezuela:

Venezuela Oil Industry Fears Losing Ground if US Revives Sanctions
(DBN)

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Argentina:

Milei Overhaul Tests Argentina’s $14.3 Billion Provincial Bonds
(DBN)

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Singapore:

Bankruptcy orders and number of companies winding up below pre-Covid-19 levels Singapore’s debt situation ‘manageable’
(DBN)

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India:

Need to review design of IBC, suggests Standing Committee on Finance
(DBN)

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