January 30, 2024

The Daily Bankruptcy News

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Law:

Davis Polk Black Ex-Associate’s Reprisal Claims Nixed by NY Jury
(DBN)

Paul Hastings' Leading Financial Restructuring Practice Adds Star New York Partner Hiring From Kirkland, Paul Hastings Continues Building Restructuring Practice
(DBN)

Robert M. Hirsh joins restructuring group in New York
(DBN)

Finance & Restructuring Partner Jeremy Finkelstein Joins Dorsey in New York City
(DBN)

Milbank partner profits top $5 mln, revenues surpass $1.5 bln, firm says Milbank Spread The Wealth Through Salary Increases Because 2023 Was A Record Financial Year For The Firm
(DBN)

Magic Circle Firm Employing Technology To Make Certain Associates Are In The Office
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Legal Malpractice Claims Grow in Size as Clients Turn on Counsel
(DBN)

Program with Mercer Law School helps people apply for bankruptcy for free
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Ex-Freshfields Partner Convicted Over Tax Scandal
(DBN)

Partner Comp Systems and Competitive Advantage: Lessons From the Kirkland, Cravath, and Paul Weiss Lateral-Hiring Wars
(DBN)

We Asked Every Am Law 100 Law Firm How They're Using Gen AI. Here's What We Learned
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Alex Murdaugh will not receive a new murder trial, judge rules
(DBN)

Former Fisher Phillips partner pleads guilty to lesser charge in fatal shooting of his wife
(DBN)

US appeals court won't block West Point's race-conscious admissions policy
(DBN)

Illinois officials to weigh whether to boot Trump off ballot
(DBN)

Haley defends verdict against Trump in Carroll case: ‘I absolutely trust the jury’ 'That would be a crime': Trump warned not to divert campaign cash to pay E. Jean Carroll 'We can start collecting right now': E. Jean Carroll attorney puts Trump on notice on CNN Roberta Kaplan Vows Trump's 'Going To Pay' After Mega Millions Verdict E. Jean Carroll, Nikki Haley, and the Depths of Donald Trump’s Misogyny "Trump doesn't have an appeal": Experts say Trump may fire lawyer after being "burned very severely" Trump’s appeal of $83.3M defamation verdict will cite alleged conflict due to prior Paul Weiss employment
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'Yech!' Reporter Maggie Haberman details all of Trump's outbursts in court
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Hiring Alina Habba 'came back to bite' Trump: legal expert Alina Habba Is Bigly Mad At Judge Kaplan, New York Juries, Rules Of Civil Procedure, Rules Of Evidence, Rule Of Law ...
(DBN)

Colorado voters tell Supreme Court Jan. 6 ‘will forever stain’ U.S. history
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Retired conservative federal judge urges Supreme Court to disqualify Trump from office
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'Greatest American to ever live': Trump's bid to stay on ballot may be spoiled by Scalia
(DBN)

What Fani Willis owes to herself, the court and the country Georgia House votes to revive prosecutor oversight panel as Democrats warn of targeting Fani Willis
(DBN)

'One idiot at a time' bankrupted for spewing lies to help Donald Trump: Morning Joe
(DBN)

Trump throws tantrum after $48m mystery loan reported by court monitor
(DBN)

OAN boss shared purported passwords of Smartmatic employees with Trump campaign lawyer, filings allege
(DBN)

Trump’s Secret Plan to Expand Presidential Immunity To ‘King George’ Levels
(DBN)

Peter Navarro never stops being Peter Navarro
(DBN)

47-year-old Katy man arrested, charged for Jan. 6 insurrection involvement Feds say Beverly Hills beautician who broke into the Capitol is violating release terms
(DBN)

Lawrence O’Donnell Makes Bold Prediction About Looming Trump 'Bankruptcy'
(DBN)

Man who stole and leaked Trump tax records sentenced to 5 years in prison
(DBN)

The Fight For Sane Gun Regulation Continues At The Supreme Court
(DBN)

Democrats’ next crime fight: retail theft
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Supreme Court asked to block West Point from considering race as admissions factor
(DBN)

Key border deal negotiator says bipartisan agreement has been reached, could be ready in the coming days Trump was quick to exploit a crisis facing Biden for political gain Sen. Warren weighs in on Trump’s desire to tank border bill The Supreme Court Has Itself to Blame for Texas Defying Its Orders In Biden’s pledge to ‘shut down’ border, a stunning political shift President Biden has said he’d shut the US-Mexico border if given the ability. What does that mean? Current and former DHS officials grumble about Biden's talk of shutting down the border What he really meant: Translating Biden on the border ‘Fedsurrection’ Looms Large as ‘Army of God’ Protest Convoy Heads to Border 'God's Army' border truck convoy falls flat amid right-wing 'honeypot' paranoia: report Texas’s Abbott encouraging criminal white extremists to come to border, Latino rights group says Lt. gov.: Texas ‘will not stop’ putting up razor wire on border after Supreme Court ruling What history tells us about Greg Abbott’s defiance of the Supreme Court
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Merrick Garland to transfer power during back surgery
(DBN)

Justice Department issues subpoena over a House Democrat's use of federal funds for security
(DBN)

Dying thief who stole 'Wizard of Oz' ruby slippers from Minnesota museum will likely avoid prison
(DBN)

Prisoners in the US are part of a hidden workforce linked to hundreds of popular food brands
(DBN)

Two Guests Aboard the Norwegian Joy Busted With 112 Plastic Baggies of Pot
(DBN)

Woman spent 35 days in jail for complaining on Facebook about her custody battle
(DBN)

Woman holds onto hood of speeding car in viral video as suspects steal her French bulldog
(DBN)

Man dressed as UPS worker for robbery that turned deadly, prosecutors say
(DBN)

Family of teen who died by suicide after video of her assault was posted online sues school
(DBN)

Michigan man charged with threatening to kill Biden and Harris
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Judges:

Judge in Google antitrust lawsuit appoints former law partner to case
(DBN)

Florida leads nation in immigration court backlog as cases surge across US
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Federal judges wrongly engaged in ‘oral-argument affirmative action,’ group’s misconduct complaint says
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Judge’s hot tub photo with public defenders leads to ethics probe
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Wall Street:

Stock futures slip as investors prepare for Big Tech earnings
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US stocks extend rally to close at fresh records ahead of mega-cap earnings
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A growing tech bubble has stocks in a boom-bust cycle reminiscent of the dot-com era, market vet warns
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Trump claims credit for record-high stock market under Biden
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Layoffs:

Roomba-maker iRobot announces it's laying off 31% of employees after Amazon deal falls through
(DBN)

Nearly 25,000 tech workers were laid off in the first weeks of 2024. What's going on?
(DBN)

REI to lay off 357
(DBN)

Lockheed to cut 200 jobs at Fort Worth F-35 assembly plant
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Gambling:

Americans’ casino spending is soaring
(DBN)

Las Vegas December 2023: Visitor Traffic Up 3% YoY; Convention Traffic Down 11%
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Climate:

US Sets Rules To Make Gas and Electric Stoves More Efficient
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Economy:

Fed’s Balance Sheet Unwinding Seen Taking Longer Than Expected, Wrightson Says
(DBN)

Janet Yellen gets candid on weed, gaming and the resilient U.S. economy
(DBN)

31 charts tell the story of markets and the economy to start 2024
(DBN)

Jamie Dimon says Washington faces a global market ‘rebellion’ over record U.S. debt: ‘It is a cliff… we’re going 60 mph towards it’
(DBN)

Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
(DBN)

Americans are getting closer to an interest rate cut — but it probably won't happen in the Fed's next big decision
(DBN)

US Corporate Bond Sales Hit $176 Billion in Busiest January Ever
(DBN)

Workers are sour on the job market — but it may not be warranted
(DBN)

Stocks look 'highly vulnerable' and the economy is likely to enter a year-long recession, a 30-year market veteran says
(DBN)

Biden tries to shift the focus from Bidenomics to Trumpenomics
(DBN)

The 3 big reasons Americans are suddenly psyched about the economy
(DBN)

2 reasons why Red Sea disruptions won't send inflation soaring again, according to Goldman Sachs
(DBN)

Slump at Texas Factories Mirrors Weakness in Other Fed Surveys
(DBN)

How the U.S. Government Could Lower Food Prices for Everyone
(DBN)

Biden administration announces steps to prohibit use of salary history for federal employees, contractors
(DBN)

A TikToker apologizes for slamming a Gen Z worker who skipped an 8 a.m. meeting for a fitness class
(DBN)

Viral layoff videos reflect a sea change in work culture
(DBN)

Americans want more control over when they work, not just where
(DBN)

Elon Musk is now worth just under $200 billion — and Jeff Bezos is only $15 billion behind
(DBN)

IBM to Managers: Move Near an Office or Leave Company
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Q4 2023 GDP Details on Residential and Commercial Real Estate
(DBN)

The average US homebuyer has gained $40,000 in buying power in the last 3 months as mortgage rates cool
(DBN)

Boomers are not moving out of their big homes. Here’s why
(DBN)

Insolvency at Benko’s Signa Falls Into Chaos
(DBN)

A conservative fix for the housing crisis is making homes cheaper and more abundant in Texas
(DBN)

American's housing shortage won't be solved for years to come
(DBN)

Housing January 29th Weekly Update: Inventory Down 0.6% Week-over-week, Up 7.9% Year-over-year
(DBN)

Retailers are finding more of what they want off mall
(DBN)

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Oil/Gas:

Biden bucks Obama’s legacy on climate and gas with LNG export pause Biden's LNG pause tees up pre-election risks Biden’s gas export review has uncertain consequences Biden's LNG Pause Has Asian Fuel Buyers Hunting for Other Options
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Politics:

Taylor Swift could sway 2024 election outcome, new poll finds with a fifth of voters 'likely' to back candidate endorsed by singer Wildest dream: Biden is eyeing a huge celebrity surrogate — Taylor Swift
(DBN)

Trump puts on full-court press for big-time donors — and nabs more than a few
(DBN)

The Nevada GOP wanted to ensure a Trump win. They wound up making the state irrelevant.
(DBN)

Michigan GOP turmoil threatens effort to flip state for Trump
(DBN)

The huge wedge between McConnell and Johnson: Donald Trump
(DBN)

House speaker's historically narrow majority has shrunk even further
(DBN)

GOP border showdown looms between Senate, House House Republicans poised to torpedo GOP’s best chance in years to pass border bill
(DBN)

Condoleezza Rice urges "fellow Republicans" to support Ukraine
(DBN)

'F---ing lunatics': Deadly Jordan attacks spur open GOP feud John Bolton calls for ‘disproportionate’ strikes inside Iran after US deaths 'We shall respond': Biden warns militants after 3 US troops killed in Jordan Iran denies involvement in fatal attack on US troops How the U.S. could potentially respond to the drone attack
(DBN)

McConnell bedeviled as Trump, GOP move goalposts on border Oklahoma GOP votes to censure Lankford over Senate border talks Trump, House Republicans plot to kill border deal
(DBN)

Chertoff tells Republicans: Don’t impeach Mayorkas Turley says there’s no ‘cognizable basis’ for Republicans to impeach Mayorkas Democrats slam Republicans over "sham" Mayorkas impeachment
(DBN)

Squad member Ilhan Omar slammed for 'disgraceful' speech saying she is 'Somalia first' and pushing an unrecognized deal with Ethiopia
(DBN)

Boebert finishes fifth in straw poll of new district
(DBN)

Nikki Haley's coast-to-coast money week Nikki Haley was targeted in two swatting incidents in past month
(DBN)

Lawmakers, law breakers: 40 members of Congress have violated a conflicts-of-interest law
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Tech:

Fidelity marks up the value of Elon Musk's X
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Healthcare:

Fitch Sees Hospitals Struggling to Grow With Operating Margins Lower
(DBN)

Texas hospitals hit hard by bankruptcies, closures
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‘Rage’ abortion donations dry up, leaving funds struggling to meet demand
(DBN)

No One Should Be Forced to Carry Their Rapist’s Baby
(DBN)

The anti-abortion plan ready for Trump on Day One
(DBN)

Elon Musk’s Neuralink implants brain tech in human patient for the first time Everything to Know About Musk’s Neuralink and Its First Human Brain Implant
(DBN)

Mental health and addiction care falls short because it's not profitable
(DBN)

Alzheimer's can be spread between humans?
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Crypto:

Global Crypto Assets Report $500 Million in Weekly Outflows
(DBN)

DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud
(DBN)

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Labor:

Toyota Union Seeking Higher Wages, Bonus in Annual Negotiations
(DBN)

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Education:

Schools are the third most common location for hate crimes: FBI
(DBN)

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Autos:

Toyota recalls 50,000 vehicles in US over airbag 'injury or death' fears
(DBN)

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Non-Profits:

Wayne LaPierre says he approved helicopter rides so NRA execs could avoid traffic while going to NASCAR races
(DBN)

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Insurance:

Vesttoo calls for US bankruptcy case to be dismissed
(DBN)

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Radio:

Why the Audacy bankruptcy might be good for Southern California radio
(DBN)

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Student Debt:

US Student Loan Restart Sees Borrowers Spend Less, Add More Debt
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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (26 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (200 new filings today)
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Chapter 11 Bankruptcy Case Studies
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SCOTUS:

SCOTUS schedules abortion pill case for March argument session
(DBN)

It's Not Time Travel, Just A Well-Connected Supreme Court Justice
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UCC:

Catching Up on the Digital Asset Amendments to the Uniform Commercial Code
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Bankruptcy Strategy:

Ten Considerations for Large-Cap and Upper-Middle-Market Borrowers in Early Stages of Distress
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Aviation:

What’s going on at Boeing? Boeing Probably Never Installed Bolts on Faulty Alaska Airlines 737 Max 9: Reports Boeing Pulls Max 7 Safety Waiver Request in Bow to Pressure
(DBN)

Ryanair Offers to Buy Unwanted Boeing Max Jets From Airlines
(DBN)

TSA Expands Facial Recognition Scanners to 400+ Airports
(DBN)

Airline SAS critical of EU 'cautious' approach to consolidation
(DBN)

GOL Announces Important Milestone in Legal Financial Restructuring
(DBN)

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Labor:

Trump calls UAW president a 'dope' after union endorses Biden
(DBN)

How AI could help curb global labor shortages
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Transportation:

Greyhound stations were once a big part of America. Now, many of them are being shut
(DBN)

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Retailing:

Pharmacy chain plans to close 55 more stores amid bankruptcy process Rite Aid Hires Liquidators While Talks With Possible Buyers Drag On
(DBN)

Retail return fraud is rising as consumers send back purchases in droves
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UK:

Company failures hit 30-year high in 2023 UK insolvencies skyrocket to 30-year high in ‘striking’ reminder of ‘onerous’ environment Q4 2023: Company Insolvency Statistics
(DBN)

25% jump in people needing breathing space from debts last year
(DBN)

Every home in England to be hit by big tax increase in new blow
(DBN)

How a decade of austerity has squeezed council budgets in England
(DBN)

LloydsPharmacy goes into liquidation with £293m owed to creditors
(DBN)

Private Credit Draws BOE Scrutiny on Potential Systemic Risks
(DBN)

Demand for financial help jumps 34% as UK grapples with debt and cost of living
(DBN)

UK banks and Land Rover in firing line over China's financial contagion risk, warns expert
(DBN)

Inflation in UK Shops Drops to Lowest Rate in More Than a Year
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EU:

Euro zone economy narrowly skirts recession, stagnates in fourth quarter
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MENA:

Israel notes ‘significant gaps’ after cease-fire talks but calls them constructive Negotiators agree on new hostage deal framework to present to Hamas, source tells NBC News Hamas rejects hostage deal amid Qatari, US optimism Israel Military Sees It Taking All of 2024 to Eliminate Hamas Threat, Or Longer
(DBN)

US official rejects Houthis’ claim of attacking American warship
(DBN)

U.S. Failed to Stop Attack in Jordan Due to Mixup Over Drone Identity - WSJ What is Tower 22, site of the attack on US troops in Jordan? US Seeks a Just-Tough-Enough Response to Deadly Mideast Attack Biden weighs high-stakes response to Iran after US troops killed in Jordan Fierce battles in Gaza after Jordan attack kills 3 US troops How the enemy drone that killed 3 US soldiers in Jordan evaded detection Iran Urges Diplomacy as US Weighs Response to Deadly Attack Lawmakers press Biden to get Congress' approval for Middle East airstrikes Trump faith leader to former president: Time to bomb Iran
(DBN)

Israel Troops To 'Go Into Action' Soon At Lebanon Border: Minister
(DBN)

Right-wing Israeli ministers join thousands at event calling for the resettlement of Gaza Israeli defense chief tells U.S. he won't allow rebuilding of settlements in Gaza
(DBN)

Arab officials held secret meeting to discuss plans for post-war Gaza
(DBN)

Details Emerge on U.N. Workers Accused of Aiding Hamas Raid Almost 6 million Palestinian refugees depend on UNRWA. Here’s why Israel opposes it
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Britain slaps fresh sanctions on Iran
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Biden banks on a deliberate approach to a Middle East in turmoil
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France:

French farmers plan 'siege' of Paris despite government concessions Farmers Block Major Roads into Paris
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China:

There may be little to recover in the $300 billion Evergrande debt saga Why China Property Giant Evergrande Faces Liquidation Evergrande Will Be Dismantled, a ‘Big Bang’ End to Years of Stumbles China's Property Bubble Bursts: Evergrande's Liquidation Shakes Global Markets Evergrande Liquidation Is a Big Test for International Creditors What Evergrande’s Collapse Might Mean for Global Business Evergrande, world's most indebted developer, faces liquidation; Global real estate in turmoil Why Evergrande’s Hong Kong liquidation order is just the start of an uphill battle for its offshore creditors China in Damage Control as Court Orders Evergrande Liquidation Order to liquidate property giant China Evergrande is just one step in fixing China’s debt crisis Evergrande collapse means foreign investors in China face even greater uncertainty Beijing is unlikely to rescue Evergrande's offshore creditors because it could make things worse at home Evergrande Liquidation to Leave Little for Creditors to Claim
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The West shouldn’t celebrate a weaker Chinese economy
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China Stock Slump Resumes, Adding Pressure on Beijing to Do More
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Russia:

Ukraine Says Russia Hit Grid in Biggest Drone Strike in Weeks
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Germany:

Iconic German department store group KaDeWe files for bankruptcy German KaDeWe Files for Insolvency to Escape Signa Rent Burden Germany’s KaDeWe Group Files for Insolvency, Blames Spiraling Rents
(DBN)

Deutsche Bank CEO Says Far-Right AfD Party Is Jeopardizing Investments in Germany
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Mexico:

Mexico's Unifin says it has completed bankruptcy process
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Russia:

For Europe and NATO, a Russian Invasion Is No Longer Unthinkable
(DBN)

NATO chief huddles with Trump allies in longshot Ukraine funding push
(DBN)

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Venezuela:

US Set to Renew Venezuela Oil Sanctions After Presidential Candidate Barred Venezuela Bonds Extend Drop After US Threatens to Renew Sanctions
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Argentina:

Argentina’s Milei Alters Reform Plan Again in Bid to Win Congress Approval
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India:

India set to be world’s third largest economy by 2027, finance ministry says
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Bahamas:

State Department urges Bahamas travelers to use ‘extreme caution’ when visiting Nassau Violence is spiking in The Bahamas, Jamaica, triggering travel warning to U.S. citizens
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