January 11, 2024

The Daily Bankruptcy News

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Law:

Women, Minority Law Firm Gains Dampened by Litigation Threats
(DBN)

US law firms bulk up with more mergers in the new year
(DBN)

Judge sticks with $268K sanction for fake news article lawyer filed with appeals court Lawyer Sanctioned For Trying To File A Fake News Article As An Exhibit
(DBN)

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb
(DBN)

As Billing Rates Soar, Law Firm Clients Move to Spread Work Around
(DBN)

King & Spalding Chair Robert Hays Re-Elected to Seventh Term
(DBN)

Girardi Trial Set for May, Scope Is ‘Significantly’ Narrowed
(DBN)

Witness for fired BigLaw associate describes ‘cavalier’ body language, refusal to help in a pinch
(DBN)

LSAC launches hybrid Plus program for DC-area law school applicants
(DBN)

Law Firms Should Remember To Back Up Data
(DBN)

‘Demand mobility’ and power shift went unrecognized by some in BigLaw, report says
(DBN)

Former Biglaw Partner Calls Trump 'Gravest Threat To American Democracy' -- And He Should Know Since He Helped Legitimize Trump
(DBN)

A man is suing 27 women, claiming they posted negative reviews about him on an 'Are We Dating the Same Guy' Facebook group
(DBN)

Noah Feldman: Cracks in the Constitution
(DBN)

Democratic senators want to keep Trump on the ballot in 2024, even as he faces potential disqualification under the 14th amendment Trump 14th Amendment political challenger arrested on federal tax charges
(DBN)

Trump's Courtroom Appearance Offers Lucky Observers A Chance To Gauge How Bad He Stinks
(DBN)

Hunter Biden unexpectedly shows up at his House contempt hearing Why Hunter Biden showed up at the Capitol House Hearing Plunges Into Absolute Chaos After Republican Accuses Hunter Biden of Having ‘No Balls’ Hunter Biden walks out of Congress after stunning Republicans by showing up to hearing laying out how they will hold him in contempt of Congress for defying subpoena in move that could land him a year in jail
(DBN)

Hunter Biden set to be arraigned in LA on federal tax charges
(DBN)

Alan Dershowitz called for the release of Epstein court documents. In them, Virginia Giuffre alleges they had sex at least 6 times Virginia Giuffre Says Epstein Paid Her $15,000 to Have Sex With Prince Andrew Epstein victim says Ohio billionaire Les Wexner engaged in sex acts with her Jeffrey Epstein’s Brother Accuses Bill Barr of Covering Up His Sibling’s Death: ‘Who Was Bill Barr Protecting?’
(DBN)

Judge in New York fraud trial will not allow Trump to deliver part of closing arguments himself Trump refuses conditions for fraud trial closing argument, won’t be allowed to speak Trump expected to be back in front row for NY fraud trial closing arguments Trump civil trial closing arguments: What to know
(DBN)

Trump bluffed his way out of bankruptcy in the 90s — will this come back to haunt him in fraud trial?
(DBN)

Ex-Trump Lawyer Jenna Ellis May be Disbarred
(DBN)

Jan. 6 committee helped guide early days of Georgia Trump probe Fani Willis subpoenaed in top Trump Georgia prosecutor’s divorce case Lawyer Hired to Prosecute Trump in Georgia Scrutinized Over Relationship With Fani Willis
(DBN)

Trump: It would be hard to enjoy ‘golden years’ of retirement without immunity
(DBN)

Judge Signals Trump Is Doomed in New E. Jean Carroll Trial
(DBN)

Teary-Eyed January 6 'Bullhorn Lady' Admits 'I Destroyed Everything'
(DBN)

GOP senators slap down Trump on Jan. 6 ‘hostages’
(DBN)

Trump lawyer goes on defense after assassination comment: ‘He didn’t kill anyone’
(DBN)

Antisemitic incidents in U.S. surged 360% after Hamas attack: ADL
(DBN)

Guards Beat and Waterboarded Prisoners in New York, Lawsuits Say
(DBN)

Maine Shooter's Friend Warned Law Enforcement
(DBN)

Why Biden Must Collide With the Democratic Party on Immigration Senate GOP hardens position on parole in Ukraine-border negotiations McConnell steps up personal effort to win Ukraine, border deal Lankford steps into spotlight amid attempt to crack border code
(DBN)

'Angry' woman bites and chews through seat of police cruiser after arrest in North Carolina
(DBN)

Mass. woman suspected of poisoning husband with soup after push from soap opera scammer
(DBN)

Bodycam footage shows moment police shot 11-year-old with hands in the air at Mississippi home
(DBN)

Cops: Customer battered Subway worker with footlong sandwich
(DBN)

Study Estimates Roadside Drug Tests Result in 30,000 Wrongful Arrests Every Year
(DBN)

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Judges:

BK SD MS: Term Law Clerk to U.S. Bankruptcy Judge - Gulfport, MS
(DBN)

How Judge Pan Skewered Donald Trump's Lawyer in Court
(DBN)

Roberts Explains That Artificial Intelligence Can't Replace Judges Because How Would Billionaires Fly An AI To Luxury Resorts Anyway?
(DBN)

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Wall Street:

S&P 500 futures tick higher as investors brace for December inflation report
(DBN)

Dow closes more than 150 points higher Wednesday ahead of key inflation readings
(DBN)

Wealthiest 10% own 93% of stock market
(DBN)

Ex-Goldman Boss Sues for £1 Million Over Mental Health Crisis
(DBN)

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Layoffs:

Amazon is laying off 'several hundred' employees across Prime Video and Amazon MGM Studios — read the memo
(DBN)

Read the email Twitch's CEO sent staff at 6 a.m. announcing 500 job cuts
(DBN)

Google Lays Off Hundreds in Hardware, Voice Assistant Teams
(DBN)

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Politics:

6 Body Language Tells From the GOP Debate Winners and losers of the final GOP debate before Iowa Takeaways from CNN's Iowa debate between DeSantis and Haley ‘Dumpster fire’ for Trump’s rivals as campaign sprints toward finish in Iowa Haley and DeSantis go for each other’s jugular Haley plugs DeSantis ‘lies’ website 16 times during debate Haley and DeSantis turn their fire on Trump in final pre-Iowa debate 3 winners and 2 losers from the fifth Republican debate FactCheck: Fifth GOP Debate
(DBN)

Trump eyes evangelical vote as key to Iowa
(DBN)

Trump's vicious 'birther' slur against Haley: Donald posts article claiming Nikki is ineligible to run for president because she's the child of Indian migrants - despite being born in the US
(DBN)

Trump hints at VP pick during Fox News town hall
(DBN)

The Governor Who Wants to Be Trump’s Next Apprentice
(DBN)

Trump Does Not Want to Be Contained. He Wants to Be Obeyed.
(DBN)

Trump Has Ushered in the Age of the ‘Great Misalignment’
(DBN)

One of Trump’s Oldest Tactics in Business and Politics: I’m Rubber. You’re Glue.
(DBN)

Donald Trump Finds Himself Financially Hamstrung
(DBN)

Mike Johnson urges fellow Republicans to leave him alone on social media
(DBN)

GOP's 2024 agenda: Stifle Biden at every turn
(DBN)

President holding private meetings at White House to reassure supporters Biden warned to stop bringing big donors to Oval Office
(DBN)

PA 2024 Elections: Biden On Upside Of Too-Close-To-Call Race, Quinnipiac University Pennsylvania Poll Finds
(DBN)

Biden jabs Trump for "terminated" Roe v. Wade comments
(DBN)

Congress could be too feeble to counter Trump’s second-term plans
(DBN)

Florida GOP proposes sex affidavits and ‘grooming’ bans in slate of anti-LGBTQ bills
(DBN)

Democrats announce huge fundraising haul for state legislative race efforts
(DBN)

House GOP to hold first Mayorkas impeachment hearing over border crisis GOP makes case for Mayorkas impeachment, but Dems see no high crimes House GOP eyes new 'gross incompetence' threshold for Mayorkas impeachment Republicans add new threats to impeach Austin and Garland, along with Biden and Mayorkas
(DBN)

‘This can’t happen again’: How the White House reacted to Austin’s stunning news First Hill Democrat calls on Lloyd Austin to resign Austin's public cancer disclosure brings Hill sympathy, calls for accountability
(DBN)

Bosses in the Biden admin are pressed over young staffers’ anonymous letters
(DBN)

Trump vowed he’d ‘never’ help Europe if it’s attacked, top EU official says Biden campaign blasts Trump for allegedly saying he wouldn’t defend Europe if attacked
(DBN)

‘It Will Be a Nail Biter’: A Third-Party Scholar on the 2024 Election
(DBN)

‘We just hit rock bottom on chaos’: Battleground state GOPs besieged with leadership fights
(DBN)

RFK Jr.’s presidential campaign questioned by FEC over payments to daughter-in-law
(DBN)

Kari Lake's Troubles Deepen
(DBN)

Christie ends his anti-Trump crusade ‘She’s Gonna Get Smoked!’ Hot Mic Catches Chris Christie Trashing Nikki Haley Live At Town Hall Event Trump: ‘Chris Christie is right’ in hot mic criticism of Haley
(DBN)

‘Don’t count me out,’ disgraced George Santos vows to prove he’s worth a second chance in clash with Piers Morgan
(DBN)

How a horny beer calendar sparked a conservative civil war
(DBN)


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Economy:

A boomer retirement bomb is about to blow up America's economy
(DBN)

Jobs report exaggerated the increase in U.S. hiring in 2023
(DBN)

Why the U.S. may extend its run as the world’s leading economy
(DBN)

Chamber of Commerce calls for more "optimistic" message on economy
(DBN)

What would a Trump 2.0 economy look like?
(DBN)

Why low unemployment isn't just a U.S. story
(DBN)

JPMorgan's Jamie Dimon slams bitcoin as worthless and a tool for criminals - and warns a recession could hit this year
(DBN)

Buying the S&P 500 seems like a 'pretty lousy trade' right now - and a US recession is looming, billionaire investor Jeffrey Gundlach says
(DBN)

Expect first rate cut around mid-year: Wells Fargo’s Michael Schumacher
(DBN)

JPMorgan Asset Says Fed Rate Cuts May Be Steeper Than Expected
(DBN)

Thursday’s inflation report could challenge the market outlook for big rate cuts
(DBN)

American consumers are feeling the pain of higher interest rates while Wall Street is having a ball, economist says
(DBN)

The rich now own a record share of stocks
(DBN)

Do we really live in an “age of inequality”?
(DBN)

Bosses want to work from home more than employees do—but they’re still pushing RTO requirements
(DBN)

Biden and Johnson Speak Ahead of Government Shutdown Deadline Days from shutdown, Speaker Johnson may need short-term spending bill he previously opposed GOP tensions ignite as hardliners hijack House vote Conservatives tank procedural vote in revolt against Johnson’s spending deal GOP rebels plunge House into chaos amid mutiny over government shutdown deal Johnson risks same fate as McCarthy with spending deal
(DBN)

Trump risks backlash with wish for economic crash in ‘next 12 months’
(DBN)

America's unhappiest people
(DBN)

Rural Americans Spend More that City Dwellers
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Key Issues When Navigating A Tenant's Bankruptcy
(DBN)

Commercial real estate could hit a breaking point this year as falling property values spur bankruptcies and forced selling, research firm says
(DBN)

Leading Index for Commercial Real Estate Increased in December, Down 11% from Peak
(DBN)

Current State of the Housing Market; Overview for mid-January 2024
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

US home prices jump another 5% on tumbling mortgage rates and tight supply
(DBN)

U.S. mortgage refinance demand surges by nearly 20% after holiday period
(DBN)

Houston Evictions Are Skyrocketing. One Court Is Testing a Solution.
(DBN)

More retail closures imminent at troubled San Francisco mall
(DBN)

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Municipalities:

Decade after bankruptcy, Jefferson County refinances $2.24B debt
(DBN)

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Oil/Gas:

Shell Recognizes Impairments of Up To $4.5B
(DBN)

Oil Holds Decline After US Stockpiles Post Unexpected Increase
(DBN)

Traders Speculate on $110 Oil
(DBN)

Court Limits Scope of Climate Change Lawsuit Against Big Oil
(DBN)

BMW retools Munich headquarters for all-electric production from 2027
(DBN)

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Crypto:

SBF Hires Lawyer Who Got Nikola Founder a Lighter Sentence
(DBN)

Regulators Approve New Type of Bitcoin Fund, in Boon for Crypto Industry SEC approves spot Bitcoin ETFs after much hype US regulators approve new bitcoin funds in move that could spur more investment SEC chair gives in to a bitcoin ETF, but the hostility against cryptocurrency is still there
(DBN)

Stung by a Judge, SEC Rethinks View on Crypto Surveillance
(DBN)

Crypto market swells by billions after ‘historic’ bitcoin moment
(DBN)

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Labor:

UAW launching organizing campaign at Mercedes-Benz plant in Alabama
(DBN)

Florida Republicans Want to Destroy Restrictions on Teenage Labor
(DBN)

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Climate:

Good news, bad news: U.S. emissions shrank last year, but very slowly
(DBN)

Why a parade of storms is suddenly slamming the U.S.
(DBN)

Climate Change Is Driving a Sharp Drop in Snow Levels, Study Finds
(DBN)

U.S. Carbon Emissions Fell in 2023 as Coal Use Tumbled to New Lows
(DBN)

The hottest year on record probably burned through your household budget. ‘Families are falling behind.’
(DBN)

China’s Solar Boom Fuels Record Growth in Global Renewables
(DBN)

UK Commits to Another Large-Scale Nuclear Plant in Net Zero Push
(DBN)

World’s two largest coal consumers won’t be weaning off the fossil fuel anytime soon
(DBN)

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Healthcare:

More Than 20 Million People Have Signed Up for Obamacare Plans, Blowing by Record
(DBN)

We Are in a Big Covid Wave. But Just How Big?
(DBN)

U.S. faces emergency blood shortage as donor number reaches two-decade low
(DBN)

Ohio House overrides DeWine’s veto of bill banning gender-affirming care
(DBN)

Gender dysphoria diagnoses are rising nationwide
(DBN)

____________

Maritime:

Houthis Launch Missiles and Drones in Biggest Red Sea Attack Yet The Red Sea Crisis May Slam the Global Economy ‘Largest’ Houthi attack repelled by US and UK forces in the Red Sea US and Allies Weigh Hitting Houthis in Yemen as Attacks Escalate Global shipping rates set to jump as carriers avoid the Red Sea amid Houthi attacks UN Security Council demands Houthis halt Red Sea attacks as US and UK warn of strikes A network of sensors is helping U.S.-led forces detect threats in the Red Sea
(DBN)

Oil Tanker Embroiled in US-Iran Tensions Is Boarded Off Oman
(DBN)

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Newspapers:

Washington Post Newsroom Is Rattled by Buyouts
(DBN)

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History:

Trump Says We Should Have Negotiated Around the Civil War. Here’s What Would Have Happened.
(DBN)

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Fraud:

Conwoman accused of bilking Army out of $100 million
(DBN)

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Education:

Harvard Sued by Jewish Students Citing Antisemitism on Campus
(DBN)

Florida School District Removes Dictionaries
(DBN)

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Banking:

Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed
(DBN)

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Autos:

UAW settlement will increase cost of new vehicle
(DBN)

Hyundai-Kia Take Second in US EV Sales
(DBN)

Engine maker Cummins to repair 600,000 Ram trucks in $2 billion emissions cheating scandal
(DBN)

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Tax:

Most State Tax Systems are Highly Regressive
(DBN)

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Agribusiness:

Bankrupt peach giant Prima Wawona undergoes liquidation, preps layoffs
(DBN)

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Food/Beverage:

Boston Market, whose owner has filed for bankruptcy, will let anyone open a location
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Healthcare Bids for Bankruptcy at Record Levels
(DBN)

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Subchapter V:

Are Unmatured Lease Obligations Considered Noncontingent Debt for Purposes of Calculating Eligibility to File a Subchapter V Bankruptcy?
(DBN)

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SCOTUS:

The Supreme Court cases asking the justices to put themselves in charge of everything, explained
(DBN)

A new Supreme Court case about flooding has weirdly high stakes for Donald Trump
(DBN)

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Aviation:

Boeing CEO fights back tears as he admits to ‘mistake’ that caused terrifying midair blowout Alaska Air Cancels All Boeing 737 Max 9 Flights Through Jan. 13 Boeing 737 Max 9 Grounded 'Until It's Safe' Alaska flight incident reveals another feature Boeing didn’t inform pilots about Boeing CEO Knows More Than He Will Say
(DBN)

United Airlines flight makes emergency landing after open door light illuminates shortly after takeoff
(DBN)

TSA found a record number of guns at airport security checkpoints in 2023. Almost all of them were loaded.
(DBN)

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Finance:

Liability management transactions give borrowers some breathing room
(DBN)

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Retailing:

Sam’s Club will stop checking receipts at the door — and instead use AI to snap photos of your shopping cart
(DBN)

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Labor:

Mercedes Plant in Alabama Reaches Key Milestone in UAW Union Campaign
(DBN)

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Cannabis:

Navigating the Storm: Receiverships in the Cannabis Industry
(DBN)

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Religion:

Extremist Jewish teens secretly ‘hired migrants’ to dig secret Brooklyn synagogue tunnel ‘Shawshank’-style
(DBN)

Former Cardinal Is Ruled Not Competent to Stand Trial in Sex Abuse Case
(DBN)

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Autos:

Truck engine maker Cummins agrees to record-setting $1.65 billion emissions settlement
(DBN)

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Insurance:

Vesttoo creditors seek to minimize Aon & equity holder bankruptcy plan votes
(DBN)

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Tech:

‘Tech tantrums’ are new norm for screen-crazed kids. Here’s how to avoid them
(DBN)

AI Threatens to Crush News Organizations. Lawmakers Signal Change Is Ahead
(DBN)

Tech’s Job Cuts Give Little Hope for Return to Rapid Growth
(DBN)

Thousands of AI experts are torn about what they’ve created, new study finds
(DBN)

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Sovereigns:

Argentina Reached Deal With IMF Staff to Unlock $3.3 Billion
(DBN)

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UK:

'Uncertain times' for businesses as insolvency related activity rises in south east
(DBN)

Britain to bring in new law to quash wrongful Post Office convictions A British postal scandal ruined hundreds of lives. The government plans to try to right those wrongs Post Office investigator with ‘heavy footprint’ in scandal due at inquiry The living hell of a wrongly convicted Sutton-in-Ashfield postmaster
(DBN)

Deal struck for national insolvency firm
(DBN)

Nottingham Playhouse boss says council should not 'hope someone else will pay' for it Row breaks out over Nottingham commissioners plans
(DBN)

Middlesbrough Council set to apply for emergency funding to avoid bankruptcy
(DBN)

Council declaring effective bankruptcy 'a real possibility'
(DBN)

Arun District Council taking action to avoid bankruptcy
(DBN)

Ashby-based councillor assures residents that council 'will not go bankrupt' as proposed budget confirms council tax hike
(DBN)

Bankrupt council will not raise tax by 10% - leader
(DBN)

Celebrity eyebrow queen Kristin Fisher's 'great escape' as she celebrates striking a deal with the taxman to escape bankruptcy with a $600 bottle of champagne
(DBN)

'Arrogant' EU faces huge £370million bill as London office is abandoned after Brexit
(DBN)

Brexit Erased £140 Billion From UK Economy, London Mayor Says
(DBN)

London’s ‘Jack the Ripper’ Pub for Sale After Owner Goes Bust
(DBN)

UK plans new system to tackle small bank failures after SVB collapse
(DBN)

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MENA:

Israel faces a genocide case, and comments on displacing Gazans could complicate its defense Israel to Face Genocide Case in International Court Over Gaza Strikes: Q&A
(DBN)

DeSantis is OK with Ethic Cleansing in Gaza
(DBN)

Israeli Army's No-Win War in Gaza
(DBN)

U.N. Expert Will Investigate Reports of Sex Crimes by Hamas, Israel Says
(DBN)

Gazans can return home when you release more hostages, Israel tells Hamas
(DBN)

Blinken tells Bibi Saudis want peace deal, but not without two-state solution
(DBN)

Israeli military says traces of hostages found in an underground tunnel in Gaza
(DBN)

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Ecuador:

‘The World I Knew Before Is Gone’: Ecuador Reels After Days of Unrest Once-peaceful Ecuador enters a new era: ‘We are in a state of war’ Ecuador Gets Pledge of US Aid to Fight Cartel Terror Campaign Gangsters paraded and humiliated by police after storming TV station with guns
(DBN)

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China:

Fall of Chinese shadow banking giant highlights uncertainty over economy
(DBN)

China Is Fast Losing Its Place as Must-Have in Global Portfolios
(DBN)

China ‘Snowball’ Derivatives Worth $13 Billion Near Loss Levels
(DBN)

Taiwan bombarded with cyberattacks ahead of election
(DBN)

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Russia:

Finland to Keep Russian Border Shut to Protect National Security
(DBN)

Zelenskiy Rules Out Halt to Fighting as Pressure on Kyiv Grows
(DBN)

Ukraine Adds Sandwich Chain Subway to List of ‘War Sponsors’
(DBN)

____________

Italy:

Italy Set for ‘Drastic Move’ to Nationalize Top Steelmaker
(DBN)

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Argentina:

Argentina Poised to Surpass Venezuela With 200% Inflation Crisis
(DBN)

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South Korea:

South Korea’s Latest Debt Wreck Faces a Reckoning With Creditors
(DBN)

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India:

India cenbank chief bats for financial creditor-led resolution framework
(DBN)

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Netherlands:

Several Dutch stores of Clarks fall to bankruptcy
(DBN)

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Luxembourg:

Fewer bankruptcies in Luxembourg in 2023, despite spike in construction sector
(DBN)

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Brazil:

Brazil proposes bankruptcy rules overhaul in favor of creditors
(DBN)

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