January 17, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firms Are Loading Up Their C-Suites With New Talent
(DBN)

In Partner Comp, Does Ignorance Equal Bliss? Firms Using the 'Black Box' Hope So
(DBN)

Reavis Page Jump's Managing Partner Shares Her Thoughts On How Law Firms Can Change Their Cultures For The Better
(DBN)

Potter Anderson Elects New Bankruptcy Partner
(DBN)

O'Melveny Expands Bankruptcy Practice as Economic Uncertainty Drives Restructuring Demand O’Melveny Welcomes Leading Los Angeles Restructuring Partner Julian Gurule
(DBN)

Quinn Emanuel Welcomes Restructuring Expert David Ereira as London Partner
(DBN)

Minneapolis' Peter Michaud now leading Ballard Spahr nationwide
(DBN)

Embracing AI In Legal Teams: Lessons From My Kitchen Experiment
(DBN)

Big Law Skews Liberal in Amicus Briefs, New Study Finds
(DBN)

Face masks at trial didn’t violate confrontation right of officer accused of bathroom assault, 4th Circuit rules
(DBN)

Did The Firms That Shared MLK Quotes Actually Read The Guy?
(DBN)

Eric Adams Crowdfunds Legal Defense As If Raising Money Isn't Exactly How He Got Here Adams’ fundraising disclosures reveal big spending on legal defense, billionaire donors
(DBN)

Jon Bramnick, the 'funniest lawyer in New Jersey' takes his schtick to the governor's race
(DBN)

Steptoe Joins Forces With Smyser Kaplan & Veselka in Houston
(DBN)

Lawyer Who Said Using Cocaine Was A Good Idea Now Admits He Made A Mistake
(DBN)

Trump sex attack defamation trial with E. Jean Carroll begins, day after Iowa win Trump immunity claim in Carroll defamation case dismissed by appeals court Trump’s next trial: E. Jean Carroll seeks $10M in defamation case Trump Gets Tight Leash on Day 1 of E. Jean Carroll Trial Trump blasts Carroll as he attends trial in New York Trump already lost one case brought by E. Jean Carroll. This week he faces her in court again Trump And His Lawyers In Chaos Mode As Second Carroll Defamation Trial Begins
(DBN)

Donald Trump Loses Three Lawyers in One Day
(DBN)

Trump’s Ballot Issue Is a Political Question Courts Can’t Answer
(DBN)

Fani Willis claims put top Georgia prosecutor in political jeopardy
(DBN)

Trump Immunity Claim Finds Some Support in Constitution’s Text
(DBN)

Special Counsel Jack Smith can access Trump's Twitter: Judge rejects appeal that would have denied access to ex-president's social media feed in election interference case Judges give fiery response to Jack Smith winning search warrant for Trump's Twitter file
(DBN)

The ‘Sleeping Giant’ Case that Could Upend Jack Smith’s Prosecution of Trump
(DBN)

Nothing good happens when you bend the rules for Trump
(DBN)

Trump wants to pry into White House records in bid to argue politics in his Mar-a-Lago documents case
(DBN)

Appeals court won’t re-hear case on keeping special counsel’s Twitter search secret from Trump
(DBN)

New York high court denies Trump appeal of fraud case gag order
(DBN)

Proud Boy who 'threateningly' brandished ax handle at police on Jan. 6 learns his fate
(DBN)

Peter Navarro: Still Guilty Judge denies Navarro ask for new contempt of Congress trial
(DBN)

House Republicans hit pause on Hunter Biden contempt vote Cocaine residue was found on Hunter Biden’s gun pouch in 2018 case, prosecutors say Special counsel David Weiss cites ‘overwhelming’ evidence against Hunter Biden in gun case
(DBN)

Cops: Woman found with dog urine during court-ordered drug test
(DBN)

Investigators cracked a $130 million money-laundering scheme by tracing the ringleader's air miles
(DBN)

Supreme Court won’t review school transgender bathroom policies Supreme Court sides with transgender student in middle school bathroom case
(DBN)

Most Americans support Supreme Court's ending of affirmative action, poll finds
(DBN)

Race row forces PwC to let white students apply for scholarship
(DBN)

Menendez, wife seek separate trials
(DBN)

Rabid hate speech against Jews isn’t a matter of interpretation
(DBN)

New York, Chicago team up to press feds for migrant-funding flexibility Migrants caught between shelter evictions, freezing temps Senate Republicans forge ahead on border bill over Speaker Johnson’s opposition
(DBN)

Girl hires boyfriend, 2 others to murder her parents but plan quickly goes awry
(DBN)

Former prison guard ran over girlfriend's husband after he caught them at dog park: Police
(DBN)

Women allegedly destroyed cop's home, stole single shoe from 20 pairs over love triangle
(DBN)

Shooter who killed 5 people at Colorado LGBTQ+ club intends to plead guilty to federal hate crimes
(DBN)

Man carjacked vehicle after good Samaritans tried to help during Iowa blizzard: Cops
(DBN)

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Judges:

Jackson Walker Faces August Bankruptcy Fee Clawback Trials
(DBN)

Does banning camping by homeless people violate Eighth Amendment? Supreme Court agrees to decide
(DBN)

Advice For Law Clerks -- From Someone Who Actually Understands Law Clerks
(DBN)

Trump Trials Heighten Security Risks for Vulnerable Judiciary
(DBN)

Court Clerk Who Manhandled Felon During Viral Judge Attack Speaks Out: ‘Pure Adrenaline’
(DBN)

Clarence Thomas cannot be allowed to decide if Trump is above the law
(DBN)

Gorsuch likely won't recuse himself from fishing regulations case despite billionaire ties Neil Gorsuch has a grudge against federal agencies. He holds their fate in his hands
(DBN)

Federal power is on the chopping block at SCOTUS Supreme Court takes on executive branch in broad fight over policymaking power
(DBN)

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Wall Street:

US futures slide amid rate jitters, China gloom
(DBN)

US stocks drop as bond yields jump after Fed official sees slower pace of rate cuts
(DBN)

Goldman Sachs sees much stronger economic growth than consensus, dismissing Wall Street's top concern
(DBN)

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Layoffs:

Google lays off hundreds of employees in advertising team
(DBN)

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Healthcare:

Women’s health no better than at pandemic height: Survey
(DBN)

An unprecedented flu strain is attacking hundreds of animal species. Humans could be next.
(DBN)

Texas Medical Board asked to issue guidance on state abortion laws
(DBN)

Chinese scientists 'create' a mutant coronavirus strain that attacks the brain and has a 100% kill rate in mice - as they admit there's a 'risk it spills over to humans'
(DBN)

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Insurance:

Chaucer files to appear in Vesttoo bankruptcy case, registers $257m claim
(DBN)

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Economy:

Credit card delinquencies surpass pre-pandemic levels
(DBN)

Fed’s Christopher Waller advocates moving ‘carefully’ with rate cuts
(DBN)

Markets Expect Rate Cuts Soon. Central Banks Say Not So Fast.
(DBN)

Top economists predict global growth will weaken this year as geopolitical rifts grow
(DBN)

Americans are actually pretty happy with their finances
(DBN)

Health insurance premiums are eating into workers' wages
(DBN)

Goldman Sachs Raises 2024 GDP Growth Forecast to 2.3%
(DBN)

Congress announces tax deal to expand child tax credit and revive breaks for businesses
(DBN)

House cancels votes over snowstorm as spending deadline nears Congress races to avert shutdown amid conservative anger Speaker Johnson rejects hard-line tactics in move to avoid shutdown Senate clears first hurdle to thwart partial government shutdown Bipartisan deal would expand child tax credit, lift half-million children out of poverty
(DBN)

I'm a California restaurant operator preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices
(DBN)

The huge open question for business leaders on AI economics: 1980s or 1990s?
(DBN)

How CEOs can mitigate compounding risks
(DBN)

Study finds these states spend the most on groceries in America
(DBN)

A New Survey Finds Dropping ESG Support Among Young Investors
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, Zillow says
(DBN)

Office properties lead surge in commercial real estate delinquency rates Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2023
(DBN)

46 NYC office buildings could convert to apartments under city's new plan
(DBN)

Boomers won’t part with their homes, and that’s a problem for young families
(DBN)

Move over, millennials: Gen Zers are coming for boomers' houses
(DBN)

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Municipalities:

Half of USA's 25,000 cities predicted to become ghost towns by 2100
(DBN)

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Oil/Gas:

LNG execs claim they’re investing in America — in reality, they’re taking far more than they give
(DBN)

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Politics:

These will be the biggest policy debates in 2024
(DBN)

Haley and Trump in Dead Heat in NH 5 Scenarios for What Might Come Next in New Hampshire Nikki Haley refuses more presidential debates unless Trump participates ABC News cancels New Hampshire debate Trump faces tougher challenge in New Hampshire after Iowa romp
(DBN)

Trump attacks Haley while referring to her by her first name Nimrata
(DBN)

IA: Half of Republicans Didn't Want Trump Scarborough says Iowa victory ‘bad news’ for Trump Trump’s win in Iowa shows big strengths and hidden warning signs Iowa Caucus Turnout Was Lowest in Years Here’s why Trump won so big in Iowa Trump has a new message after his Iowa win What Trump's Iowa win reveals about the Republican Party
(DBN)

T-shirts and silver balls: Politics get mixed in with the profane at a Trump store
(DBN)

Haley says US has ‘never been a racist country’
(DBN)

The Inside Story of How DeSantis Got Crushed What I told Ron DeSantis and his team about their campaign Takeaways from Ron DeSantis' CNN town hall Fact-checking some of DeSantis’ claims during CNN town hall
(DBN)

Axelrod says Trump a ‘formidable’ candidate, Biden and campaign ‘need to get into gear’
(DBN)

Love vs. Politics: How News Coverage Triggers Fights in Divided Couples
(DBN)

Inside the 'weird' write-in campaign needed to help Biden win NH
(DBN)

Elon Musk's favorite presidential candidates keep underperforming
(DBN)

‘Scared to death’: Local election officials on edge ahead of 2024 vote
(DBN)

Biden asks congressional leaders to White House
(DBN)

Democratic rebels send Biden stern message on Gaza
(DBN)

Ever wondered how members of Congress cash in after they retire? Look no further than Tom Suozzi's financial disclosures
(DBN)

How Charlie Kirk Plans to Discredit Martin Luther King Jr. and the Civil Rights Act
(DBN)

Senate soundly rejects push to scrutinize Israel aid
(DBN)

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Autos:

Tesla owners in freezing Chicago stuck in 'car graveyards' as vehicles won't charge
(DBN)

SIXT drops Tesla, buys 250,000 rental cars from Stellantis
(DBN)

Electric vehicles are cheaper than ever. That’s bad for EV owners
(DBN)

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Tech:

Bill Gates explains how AI will change our lives in 5 years
(DBN)

Elon Musk threatens to pursue AI on his own without more control of Tesla
(DBN)

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Data Centers:

Brookfield completes $775m deal for bankrupt Cyxtera
(DBN)

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Forest Products:

Wood pellet giant enters 2024 amid a financial crisis. So what went wrong at Enviva?
(DBN)

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Labor:

Were fired pro-union workers at Starbucks entitled to reinstatement? SCOTUS considers proper standard
(DBN)

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Crypto:

Core Scientific, Inc. Plan of Reorganization Confirmed by Bankruptcy Court
(DBN)

Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
(DBN)

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Food/Beverage:

Nashville hot chicken chain Party Fowl seeks bankruptcy protection to stay open
(DBN)

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Climate:

2023 shattered records for ocean heat content
(DBN)

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Solar:

Solar modules are piling up in warehouses as a massive supply glut has slashed prices by half, IEA says
(DBN)

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Banking:

President Biden proposes new rule to cut overdraft fees charged by banks
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (43 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

2023 Bankruptcy Progress: Developing Subchapter V Law Through Court Opinions
(DBN)

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Mass Torts:

Archdiocese of New Orleans Forced to Turn Over Emails
(DBN)

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Aviation:

Brazil's Gol says restructuring details undefined after report on potential bankruptcy
(DBN)

Judge blocks JetBlue-Spirit merger in a major win for Biden’s Justice Department Spirit Airlines shares plunge after judge blocks JetBlue merger
(DBN)

Flight disruptions linger as winter storms, Max 9 grounding snarl travel Almost 2,000 flights canceled as airports deal with snow, ice
(DBN)

Boeing has erased $28 billion in market value since grounding its 737 MAX 9 jet Boeing’s stock tumbles after report warns investigation will open a ‘new can of worms’
(DBN)

A former TSA agent reveals little-known tips about getting through airport security, including taking frozen water bottles on a plane
(DBN)

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Retailing:

Underwear and socks latest items to be locked up in shoplifting crackdown
(DBN)

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Education:

Partisans Are Politicizing Our Schools
(DBN)

School voucher supporter gave Gov. Greg Abbott $6 million in December
(DBN)

Teacher accused of displaying noose sues school for 'anti-white' racism
(DBN)

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Newspapers:

Newsroom Meddling, Money Woes: How A Billionaire Owner Lost His Star Editor at LA Times
(DBN)

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Tech:

U.S. Supreme Court snubs Epic Games legal battle with Apple Apple stock tumbles as the Supreme Court rejects the company's appeal over app-store rules
(DBN)

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Sports:

Amazon poised to save bankrupt Diamond Sports with $100M deal to stream five MLB teams: sources Amazon to Buy Minority Stake in RSNs Giant Diamond Sports, Sinclair to Pay $495M in Settlement Diamond Sports Agrees to Deal With Amazon, Sinclair, Debt Holders
(DBN)

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Utilities:

Electricity Demand Risks More Blackouts in US
(DBN)

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Defaults:

Companies have extended their debt maturities, averting a 'tsunami of defaults' from higher rates, Bernstein says
(DBN)

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UK:

Part 26A Restructuring Plans – Sanction Hearing Timetabling Considerations
(DBN)

Monthly Insolvency Statistics, December 2023
(DBN)

‘Truly sorry.’ Fujitsu says it will compensate UK postal workers who were ruined by its software
(DBN)

Yorkshire could face insolvency if deal is not voted through says Colin Graves
(DBN)

Future of Nottingham City Council's Loxley House headquarters uncertain as leader say it's not 'bustling'
(DBN)

Councils in crisis: Town Hall debt levels staggering, MPs warn
(DBN)

City has most debt of any council in the country
(DBN)

‘Bankrupt’ Birmingham council plans up to 600 job cuts
(DBN)

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EU:

Europe prepares to stand alone as Trump returns
(DBN)

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Canada:

Fears of bankruptcy as small businesses stare down federal CEBA loan deadline
(DBN)

Cash for keys: Some tenants who face eviction demand thousands from landlords amid tribunal delays
(DBN)

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China:

China's Stock Market in Free Fall
(DBN)

China’s Economy Grew Last Year, but Strains Lurk Behind the Numbers
(DBN)

China's millennial and Gen Z workers are having to lower their economic expectations
(DBN)

China’s population falls for a 2nd straight year as births drop even after end of one-child policy
(DBN)

Xi's military purge: High-stakes game in shadow of WWIII
(DBN)

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Russia:

‘Perfectly understandable’: Russia’s neighbors back Ukraine’s refusal to negotiate on peace talks
(DBN)

Putin has stolen years of peace, Zelenskyy says; Ukraine foreign minister muses about ‘punching’ Russia’s Lavrov
(DBN)

India turns to Mideast oil as sanctions keep Russian crude tankers stuck at ports, New Delhi says Europe is probably buying record amounts of Russian oil from Indian refiners
(DBN)

Biden adviser says US aid for Ukraine to get done in ‘coming weeks’
(DBN)

Russia has shifted beyond its 'stupid' missile attack strategy, and it is bad news for Ukraine
(DBN)

Russia's Kinzhals are frustrating Chinese analysts who want to find out how Beijing's hypersonic missiles might stack up against US battlefield defenses
(DBN)

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MENA:

Israel’s withdrawal of some troops from Gaza sparks new government rift
(DBN)

Hundreds of thousands are starving in Gaza as famine arrives at ‘incredible speed,’ UN aid chief warns
(DBN)

Israel Hints at Lebanon Ground Operations
(DBN)

The far-right Israeli campaign to resettle Gaza
(DBN)

Blinken: Why Rebuild Gaza to be Leveled Again?
(DBN)

Sullivan: U.S. post-war strategy links Saudi-Israel peace deal with two-state solution
(DBN)

Sanders to force vote on potentially freezing military aid to Israel
(DBN)

US military seizes Iranian missile parts bound for Houthi rebels in raid where 2 SEALs went missing
(DBN)

US set to relist Yemen’s Houthis as specially designated global terrorists The Houthi air force has a single fighter jet — an ancient F-5. The US is very much not afraid of it.
(DBN)

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India:

67% of ongoing corporate insolvency resolution cases cross 270-day timeline
(DBN)

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