February 8, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firm Raises Salaries -- Still Lags Behind Competition On Compensation
(DBN)

Last Year Was A Good Year For Biglaw Revenue Biglaw Records Impressive Revenue Growth in 2023, Survey Reveals
(DBN)

Mid-Sized Firms Working Harder, Making More... And Still Leaving More Money On The Table Than Other Firms
(DBN)

Why *Do* Associates Stay?
(DBN)

Inside Winston & Strawn’s AI Strategy Group: Revolutionizing Legal Processes with Advanced Technologies
(DBN)

M&A Lawyers See Flood of Work From Tool That Delays Deal Payouts
(DBN)

Paul Hastings Soars to New Heights with $1.8 Billion Revenue Amid Market Volatility
(DBN)

Law prof presses male sex-bias allegations in new suit after federal judge tosses his Title IX claim
(DBN)

Ex-Baltimore prosecutor Marilyn Mosby convicted of mortgage fraud
(DBN)

Haynes and Boone Partner Sued Over Improper Fund Transfer in Bankruptcy Case
(DBN)

Lawyer censured after calling governor ‘tyrant’ and lawmakers ‘spineless tools’ in COVID-19 litigation
(DBN)

Listen To Your Lawyer: Please Don't Write That In An Email
(DBN)

Madison Square Garden Hires New GC, But Lawyer Ban Policy Will Still Be In 'Full Effect' Under Her Leadership
(DBN)

Trump's New York criminal case, likely first for trial, faces crucial test
(DBN)

NY AG, Trump lawyers ask fraud trial judge to disregard reported perjury inquiry as verdict looms
(DBN)

Tracking efforts to remove Trump from the 2024 ballot Trump’s 14th Amendment case reaches Supreme Court: What to expect The very long sentence that will decide if Trump can be kept off 2024 ballots 80 amicus briefs Eric Olson on disqualifying Trump from the presidency Meet the lawyers arguing the Trump ballot case at the SupremCourt ‘When duty calls, you do it’: The 91-year-old lawmaker who could have Trump disqualified A Legal Outsider, an Offbeat Theory and the Fate of the 2024 Election Supreme Court could toss Trump eligibility dispute to Congress Supreme Court to weigh Trump ballot eligibility: What to watch for in oral arguments Democrats are nowhere to be seen ahead of 14th Amendment SCOTUS case What to know about Colorado’s Trump ballot case before the US Supreme Court hears oral arguments 6 key questions in Supreme Court fight over Trump’s ballot eligibility John Bolton: Trump ‘chickening out’ on Supreme Court arguments The Ghost of Bush v. Gore Haunts the Supreme Court’s Colorado Case
(DBN)

Did DC Circuit ‘put an asterisk next to’ decision denying Trump immunity? Court keeps case on speedy path but implies limits
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Former Trump White House lawyer predicts crushing defeat at Supreme Court
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Trump Might Be Convicted in D.C. Just Days Before the Election
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Trump supporter arrested for assaulting officers on Jan. 6 FBI arrests business card-wielding Proud Boy rioter thanks to Amazon, e-Bay receipts
(DBN)

Trump issues blistering reply brief blasting Georgia DA's speech at Black church Greene files ethics complaint against Fani Willis Fulton County DA’s office moves to quash Fani Willis, top prosecutor subpoenas ahead of hearing
(DBN)

Donald Trump paid more than $2.3 million in donor money to law firms helping Ivanka Trump with her legal problems last year
(DBN)

Judge criticizes Trump’s midtrial mistrial request in Carroll defamation case Trump lawyer: Carroll trial was like ‘epic’ episode of ‘Twilight Zone’
(DBN)

Trump hopes semantics will save him at the Supreme Court
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Giuliani claims Trump owes him millions Bounced cheques and Trump’s ‘unpaid fees’: Rudy Giuliani lays bare his finances in bankruptcy hearing Giuliani Reveals Mounting Debts as Legal Career Encounters Turbulence Rudy Giuliani promotes Long Island deli
(DBN)

Elon Musk's lawyer is helping Adam Neumann as he tries to buy back WeWork
(DBN)

Actress Gina Carano Gets New Role As Musk Sock Puppet In Disney Labor Suit
(DBN)

Informant in Menendez case recorded conversations, shared details with investigators: Filing
(DBN)

Florida Supreme Court justices sharply question state on abortion ballot measure‘People of Florida aren’t stupid’: State high court grapples with abortion measure
(DBN)

Study cited by Texas judge in abortion pill case retracted
(DBN)

Nikki Haley Warns Republicans Against Putting Women in Jail Over Abortions
(DBN)

Qualified immunity shield may depend on size and publication rate of federal appeals court, new report says
(DBN)

FBI Foils Militia Plot to Start a War at the Border Russia Boosts Calls for Civil War Over Tx. Border How the federal government created the immigration crisis that now bedevils it Man accused of plotting sniper attack on the border ‘talks a big game, but it’s all lies,’ son says ‘We’re being invaded’: Man allegedly wanted to go to U.S./Mexico border to take out border patrol agents What’s really going on at the border, explained
(DBN)

Epstein Contacted Staley for Years at Barclays Using Go-Between, Court Filings Claim
(DBN)

Cops: Dealer handed out business cards with cocaine sample attached
(DBN)

After wife refused to cuddle, husband stabbed her in front of 5-year-old daughter: Cops
(DBN)

Man tracking Taylor Swift's private jet hits back after she threatens to sue
(DBN)

Criminal charges possible in death of 3 Chiefs fans at friend's house: Expert
(DBN)

Californian accused of stealing secret U.S.-made missile tech to assist China
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Judges:

96-year-old US federal judge loses challenge over suspension Federal appeals judge, 96, fails to overturn suspension order for refusing to cooperate in fitness probe Judge Newman’s Reinstatement Hurdles Intensify as Suspension Upheld
(DBN)

Sioux Falls' Schulte, Theeler officially nominated as federal judges by Biden administration
(DBN)

Jack Smith Could Seek to Remove Aileen Cannon for Granting Trump's Request
(DBN)

State judge candidate used equine imagery in ads to imply opponent's bestiality preference
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Wall Street:

Stock futures little changed with S&P 500 on the brink of 5,000
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Layoffs:

Tesla asks which jobs are critical, stoking layoff fears
(DBN)

McKinsey Puts About 3,000 Staffers on Review as Economies Slow
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Climate:

Fossil-dependent Puerto Rico can fully shift to clean energy by 2050, a two-year federal study says
(DBN)

Pounding rains force millions of gallons of raw sewage to spill from LA sewers
(DBN)

World surpasses key warming threshold across an entire year for the first time
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Healthcare:

Former Alabama gov, nonprofit partner to abolish medical debt in Black Belt region
(DBN)

Health insurers balk at proposed Medicare Advantage rates
(DBN)

Son enraged over father getting 'the vaccine' allegedly beats him to death
(DBN)

Financial worries may lead to delayed cancer diagnoses
(DBN)

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Economy:

CEO confidence rises to its highest level in two years
(DBN)

Risk of Big US Inflation Revision Puts Policymakers, Investors on Edge
(DBN)

U.S. deficit will soar in the next decade, new CBO projections show Debt held by US public on track to hit record high in next decade: Estimate
(DBN)

The golden age of DINKs
(DBN)

Biden FactCheck: “Inflation has been at the pre-pandemic level of 2% over the last half year.”
(DBN)

Federal forecasters: Budget gap to top $1.6T this year, growing another $1T over next decade
(DBN)

Trade Deficit at $62.2 Billion in December Trump’s trade war was bad for rural economies, but good for his popularity: study Trump promised to rebalance trade in North America. The US trade deficit keeps climbing. US Trade Deficit Narrowed Last Year by the Most Since 2009 For First Time in Two Decades, U.S. Buys More From Mexico Than China
(DBN)

Australia to allow workers to ignore after-hours calls from bosses
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

A record number of Americans can’t afford their rent. Lawmakers are scrambling to help
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

America’s Most Expensive Home for Sale Hits the Market for $295 Million
(DBN)

1st Look at Local Housing Markets in January
(DBN)

Lumber Prices Up 6% YoY
(DBN)

Will Adam Neumann Buy Back WeWork? As Adam Neumann tries to win back WeWork, Dan Loeb plays down his hedge fund’s role
(DBN)

Graffiti-tagged L.A. high-rise a 'blight' and 'worldwide issue,' police chief says
(DBN)

Texans Fear Looming Home Insurance Rises
(DBN)

Real Estate Turmoil Leaves These Banks Reliant on Covered Bonds
(DBN)

Bankruptcy judge approves sale of Uptown 240 condo project in Dillon
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Sports:

Allegiant Stadium will host Super Bowl LVIII in Las Vegas, where the average ticket costs $11,000. Take a look inside.
(DBN)


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Crypto:

CoinFLEX Creditors React to OPNX Closure: 'They Have Left a Trail of Destruction'
(DBN)

Chinese Bitcoin miners find new crypto haven in Ethiopia
(DBN)

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Autos:

Toyota shares soar as gas-hybrid bet pays off
(DBN)

Wholesale Used Car Prices "Flat" in December; Down 9.2% Year-over-year
(DBN)

Ford Could Get 50% More Profit Without EVs
(DBN)

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Tech:

AI deployed nukes in war simulation
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Education:

Idaho Republicans bring a new bill on ‘harmful’ library material. What to know
(DBN)

House panel threatens Harvard with subpoena in antisemitism investigation
(DBN)

FAFSA problems pile up, leaving students and parents scrambling
(DBN)

Florida teacher allegedly tied 7-year-old nonverbal autistic boy to chair for an hour
(DBN)

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Banking:

The Real Estate Crisis Looming Over Banks
(DBN)

NYCB woes reignite fears about shaky banks as anniversary of March crisis nears
(DBN)

Commercial Real Estate Woes Weigh on Bank, Lead to New Securities Suit
(DBN)

Former Board Member of Failed Washington Federal Bank in Chicago Sentenced to Prison for Falsifying Records and Obstructing Regulators
(DBN)

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Politics:

Groups urge Congress to crack down on AI misuse in elections ‘An arms race forever' as AI outpaces election law
(DBN)

Inside Donald Trump’s Incredible Cash Crunch
(DBN)

Kristin Kobes Du Mez: Inside the Evangelical MAGA vote
(DBN)

In his second mix-up this week, Biden talks about meeting with dead European leaders
(DBN)

Congress scrambles for backup plan on Ukraine and Israel aid Senate to vote on Plan B: Ukraine funding without border security Ukraine debate heads back to square one Schumer gives Senate GOP “the night” to decide on Ukraine aid Ukraine aid in danger as Republicans struggle to chart course 'Betrayal': Ukrainian Americans distressed over stalled military aid for Zelenskyy’s fight against Putin
(DBN)

Senate Republicans block bipartisan border security deal
(DBN)

New warning sign for Dems over Black, Hispanic voters
(DBN)

Border failures put McConnell under tough new microscope Behind the border mess: Open GOP rebellion against McConnell
(DBN)

Manchin on failed border bill: ‘Quit worrying’ about party politics and getting reelected The Biden administration is considering executive action to deter illegal migration at the southern border
(DBN)

Biden's unlikely Republican surrogates
(DBN)

Inside the "very tough" vote for House Democrats on Israel aid
(DBN)

Speaker Johnson amid criticism: ‘Mess’ in House not ‘a reflection on the leader’ House Republicans are embarrassed. But they're not raging against Mike Johnson.
(DBN)

GOP’s Massie: McCarthy ouster ‘has officially turned into an unmitigated disaster’
(DBN)

Chip Roy knocks Trump over border claim: ‘That didn’t happen’
(DBN)

McClintock defends vote against Mayorkas impeachment: Greene should ‘read the Constitution’ Jeffries defends surprise appearance of Texas Democrat to tank impeachment vote House Republican warns of Pandora’s box in explaining vote against Mayorkas impeachment Pelosi on House impeachment attempt of Mayorkas: ‘Everything they do is about Donald Trump’ Surprise Democratic vote on Mayorkas overshadows GOP defectors House Democrats prepare to fight GOP encore on Mayorkas impeachment
(DBN)

Missouri Republican candidate torches LGBTQ books with flamethrower
(DBN)

Nevada's first presidential primary attracts only 16% of voters
(DBN)

Nikki Haley says she's not going anywhere; Vows to stay in race
(DBN)

Marianne Williamson drops long-shot 2024 presidential bid
(DBN)

Democrat in Close Battle for House Seat All But Begs Biden Not to Come Help Him Campaign
(DBN)

Even Moms for Liberty Are Tired of Moms for Liberty
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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

2023 Healthcare Bankruptcies Reached Highest Level in 5 Years
(DBN)

US corporate bankruptcy filings slow in January
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Bankruptcy Reform:

Institutional Capture: Why We’re Overdue for a New Bankruptcy Act
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Litigation Finance:

Cox Operating: Legal finance as a tool for generating liquidity in bankruptcy
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Professional Compensation:

Reimagining 'Reasonableness' Under Section 330(a) in a World of Technology, Data, and Artificial Intelligence
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Aviation:

Spirit Airlines narrows loss to $184 million, says it’s on the path back to profitability Spirit Airlines Bondholders Seek Legal Counsel Amid Financial Concerns
(DBN)

Airline announces it will now weigh passengers as well as their carry-on luggage
(DBN)

Pilot accused of 'terrorizing' woman from the sky arrested for continued stalking: Cops
(DBN)

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Retailing:

Retailers flee cities as unarmed security, public authorities fail to curb thefts
(DBN)

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Maritime:

HMM’s Future Uncertain After Sale Negotiations Collapse
(DBN)

Shipping giant Maersk shares slide 17% after suspending share buybacks amid Red Sea disruption Shipping Bosses Warn Maritime Security in the Red Sea Getting Worse Not Better
(DBN)

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Food/Beverage:

Another struggling fast-food operator files Chapter 11 bankruptcy
(DBN)

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Bankruptcy Crimes:

Two Men Sentenced to a Combined Eleven Years in Federal Prison for $1 Million “Free Bankruptcy” Car Lien-Stripping Scheme
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Fraud:

US: Two Sentenced for Exploiting Bankrupt Individuals in Fraud Scheme
(DBN)

Prominent NYC developer is indicted on charges of stealing $86 million from investors including those backing a failed luxury high-rise where apartment prices started at $2.8million
(DBN)

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Radio:

How America's biggest radio network broke its promise to Taylor Swift
(DBN)

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UK:

Council avoids big cuts as others risk bankruptcy Properties owned by 'bankrupt' council go under hammer
(DBN)

One in four CFOs anticipate job cuts as firms tighten spend in 2024
(DBN)

Diners’ fury as posh London restaurant sells scrambled eggs on toast for £58
(DBN)

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EU:

‘Stability is fragile’: An overlooked European conflict zone is at a tipping point
(DBN)

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MENA:

The UAE modernizes its bankruptcy and financial restructuring legislation
(DBN)

Netanyahu: Israel won't give into Hamas' "delusional" hostage deal demands Hamas Wants Thousands of Palestinians Freed in Hostage Deal Netanyahu rejects Hamas cease-fire demands, vows to fight until ‘absolute victory’
(DBN)

Saudis: No Ties w/ Israel Unless Palestinian State
(DBN)

Bibi protests to Blinken, calls U.S. sanctions on violent settlers "inappropriate"
(DBN)

Blinken to Bibi: U.S. very concerned about possible Israeli ground operation in Rafah
(DBN)

Bipartisan lawmakers urge Blinken to demand resignations of UN secretary general, UNRWA chief
(DBN)

US drone strike takes out Iran-backed group commander in Iraq
(DBN)

Intel officials warned well before Tower 22 attack of increased risks from drones
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China:

China had "persistent" access to U.S. critical infrastructure
(DBN)

A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China
(DBN)

As China Markets Flail, Rest of the World Is Roaring Ahead
(DBN)

China’s Economy Under Pressure as Inflation Drops at Fastest Pace in 14 Years
(DBN)

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Russia:

Even the Kremlin called out Tucker Carlson for his diatribe against the media In his MSNBC days, Tucker Carlson was a Putin cynic
(DBN)

Russia launches more strikes across Ukraine as campaign intensifies
(DBN)

Russians freeze as Putin’s war and aging pipes reveal cracks at home
(DBN)

Finland Keeps Russian Border Shut to Counter Security Risks
(DBN)

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Thailand:

Business Rehabilitation Proceedings in Thailand
(DBN)

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Germany:

German Residential Property Dropped Sharpest on Record in 2023
(DBN)

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India:

Parliamentary Committee Stresses Need For Reforms In Bankruptcy Resolution
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