July 16, 2024

The Daily Bankruptcy News

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Law:

Biglaw Finally Getting Its Act Together On Hybrid Work, Opting For Smaller Office Space
(DBN)

Kirkland Hands Out $50,000 Referral Bonuses as Demand Picks Up
(DBN)

J.D. Vance's Biglaw Roots JD Vance’s Lawyer Wife Will Leave Her Role at Prominent Firm
(DBN)

This city has the highest billing rates for litigators in nation, survey shows
(DBN)

Judge in Mississippi Welfare Case Boots Brett Favre’s Lead Lawyer
(DBN)

Law firm Milberg skirts sanctions over fake claims in credit card fees case Milberg avoids sanctions despite filing fake claims in Visa and Mastercard settlement
(DBN)

The Top Biglaw Firms In Chicago (2025)
(DBN)

Vance VP Pick Prompts Career Questions for His Trial Lawyer Wife
(DBN)

Florida judge dismisses the Trump classified documents case Judge Cannon’s Unusual Ruling Is Latest in a Series Trump Special Counsel Will Appeal Dismissal of Documents Case Cannon’s Dismissal of Trump Case Rejects Precedents of Higher Courts Judge Cannon Finds ONE WEIRD TRICK To Allow Trump To Steal Classified Documents After 'careful study,' Judge Cannon throws out Trump's Mar-a-Lago indictment An Astonishing Ruling in Trump’s Classified-Documents Case Trump’s classified documents case dismissed by Judge Aileen Cannon Judge tosses Trump documents case, ruling that the prosecutor was unlawfully appointed Trump allies hail judge dismissing classified docs case: ‘Future Supreme Court justice’ Schumer: ‘Misguided’ dismissal of Trump classified docs case ‘must be appealed’ Trump celebrates dismissal, calls for remaining cases to follow suit What to know about Aileen Cannon, the judge in Trump's classified docs case Judge who dismissed Trump case says prosecutor should have taken her more seriously Trump’s Case Put the Judge, Aileen Cannon, Under a Spotlight Judge Aileen Cannon repeatedly cites Clarence Thomas in Mar-a-Lago dismissal order Calls for immediate appeal of Cannon Mar-a-Lago dismissal as Trump allies celebrate A right-wing judge just threw out a case against Trump in a brazen abuse of power
(DBN)

Giuliani sexual assault accuser asks judge to jump-start suit with bankruptcy case dead
(DBN)

Pro-Trump Lawyer Kurt Olsen Faces Call for Discipline Over Ethics
(DBN)

Judge warns 'Kraken' lawyer of 'sanctions for contempt of court' in Dominion lawsuit
(DBN)

Accused fake elector will formally declare Trump nominee at Republican National Convention
(DBN)

Shares in gun manufacturers soar after Trump assassination attempt
(DBN)

Court upholds Tennessee ban on changing sex in birth certificates
(DBN)

Bob Menendez Jury Asks Judge Whether Unanimity Needed to Acquit
(DBN)

Alec Baldwin Trial Ends On 'Technicality' Also Known As 'Basic Constitutional Rights' Alec Baldwin’s ‘dream team
(DBN)

NYPD warns of heightened risk of political violence in internal memo
(DBN)

How Gov. Greg Abbott won millions and helped stop Texans from doing the same
(DBN)

Texas man who has sought DNA testing to prove innocence slated for execution
(DBN)

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Judges:

Former Bankruptcy Judge David R. Jones Under Criminal Investigation Over Relationship With Lawyer - WSJ Ex-Bankruptcy Judge Jones Target of Criminal Probe, Report Says
(DBN)

Judge in Young Thug Trial Is Ordered Off the Case Judge kicked off Young Thug RICO case over ex parte meeting with state witness
(DBN)

US judiciary to consider new ethical guidance for law clerk hiring
(DBN)

NY judge suspended while facing felony DUI charge
(DBN)

Amy Coney Barrett: 'The Supreme Court Justice To Watch' On the Supreme Court, Amy Coney Barrett is unafraid to ‘go her own way’
(DBN)

Ex-judge once charged for pulling gun on neighbor now disbarred for 'dishonesty'
(DBN)

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Wall Street:

Stock futures rise slightly following a record-setting session for the Dow
(DBN)

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Layoffs:

Salesforce Cuts More Jobs in Latest Sign of Tech Austerity
(DBN)

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Climate:

Sizzling Day in North Dakota? Lately, It’s No Surprise.
(DBN)

Hurricane Beryl’s Cascade of Crises Was a Sign of Storms to Come
(DBN)

Even for Las Vegas, it's too hot
(DBN)

Climate change is upending NATO's operations
(DBN)

The Fund Managers Modeling Catastrophe Keep Winning Their Bets
(DBN)

Vance’s Scorn for Clean Energy Grew as Ohio Embraced It
(DBN)

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Healthcare:

Steward Health hospital bids tied up in tangle of rules, bankruptcy court Steward pushes Arizona hospital auction dates again Will anyone buy Brockton, Taunton, Fall River hospitals saddled with millions in rent?
(DBN)

Walgreens’ Finances Are In Dire Straits — But All Hope Is Not Lost
(DBN)

Mapped: Another hot COVID summer
(DBN)

Change Healthcare cyberhack fallout ripples to consumers
(DBN)

California hits 'very high' COVID levels as virus in wastewater jumps significantly
(DBN)

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Movie Theaters:

Cineworld kicks off talks with landlords about closure plan
(DBN)

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Education:

'Where else could we go?': Bacone College alumni, staff discuss historic college's past and future
(DBN)

Top Colleges’ Liquidity Pressured by Weak Private Equity Returns
(DBN)

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Casinos:

US trustee wants IPI’s Chapter 11 petition dismissed
(DBN)

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Autos:

Fisker Recalls Every Single Car Sold In The U.S. Again Fisker has one major objector to its Ocean SUV firesale
(DBN)

AutoNation Warns CDK Hack Put a Big Dent in Quarterly Profit
(DBN)

Charging limits could help fix a big EV headache
(DBN)

GM CEO Barra Backs Away From One Million EV Production Goal
(DBN)

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Retailing:

Rite Aid hit by cyberattack after third party impersonates worker at bankrupt drugstore chain
(DBN)

Macy’s Sinks Most in Four Years After Ending Buyout Talks Macy’s Bonds Also Slide After Board Terminates Buyout Talks
(DBN)

One of B. Riley’s Latest Deals Turns Into Its Newest Headache
(DBN)

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Appliances:

Invesco demands $100M in Robertshaw bankruptcy
(DBN)

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Economy:

The economy's big split: Poorer consumers feel the slowdown, rich ones don't
(DBN)

Fed's Powell: Latest data 'add somewhat to confidence' inflation is returning to 2% Powell indicates Fed won't wait until inflation is down to 2% before cutting rates Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing
(DBN)

Fed’s Daly Says Confidence on Inflation Growing, Not There Yet
(DBN)

States to Slash Spending at Fastest Pace Since Great Recession
(DBN)

Traders Add to Bets on Fed Rate Cuts After Goldman Sachs View
(DBN)

Trump's trade and tax policies are the new hot-button topic dividing economists and market experts
(DBN)

The Fed shouldn't cut rates at all this year as the US is poised for a 2nd half rebound, macro strategist says
(DBN)

Here's how much you need to earn to be middle class in each big US city
(DBN)

U.A.W. Says Lax Enforcement of Trade Deal Has Cost U.S. Jobs
(DBN)

Trump’s Rise Poses Threat to Tax Break That Underpins Muni Bonds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Part 2: Current State of the Housing Market; Overview for mid-July 2024
(DBN)

Housing July 15th Weekly Update: Inventory down 0.2% Week-over-week, Up 38.1% Year-over-year
(DBN)

Biden administration says it wants to cap rent increases at 5% a year
(DBN)

Homebuilding is taking a hit from interest rates
(DBN)

A Blueprint For Solving The Homeowners Insurance Crisis
(DBN)

Marathon Asset Management CEO Sees ‘Amazing’ Opportunity in Real Estate
(DBN)

Evictions Surge in Major Cities in the American Sunbelt - WSJ
(DBN)

Austin's Housing Market 'Busting' as Troubling Milestone Reached
(DBN)

DOJ, FBI Investigating Arbor Realty Trust Following Fraud Allegations
(DBN)

Entity tied to Brandon Miller’s Chelsea development project files for bankruptcy
(DBN)

Investors leave affordable housing complexes in shambles, with Philly seniors caught in the middle
(DBN)

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Media:

MSNBC does not air ‘Morning Joe’ after Trump assassination attempt
(DBN)

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Entertainment:

Disney has a big problem. It's running out of kids.
(DBN)

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Personal Finance:

A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'
(DBN)

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Tech:

OpenAI nears "reasoning"-capable AI
(DBN)

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Politics:

Only an ‘October Surprise’ can swing the presidential election
(DBN)

Biden Facing Challenges in Two Must-Win States, Times/Siena Polls Find
(DBN)

For 18 unprecedented days, Trump has kept coming out on top
(DBN)

Protesters Gather to March in Milwaukee as R.N.C. Opens
(DBN)

Church leaders call for solace, defiance in sermons after Trump attack
(DBN)

Kennedy Gets Secret Service Protection
(DBN)

Kinzinger says JD Vance’s response to shooting should ‘disqualify’ him from VP consideration
(DBN)

Democrat v. Republican, Hypocrite v. Hypocrite
(DBN)

The Worst Is Not Inevitable
(DBN)

The Trump shooter's motive remains a mystery, even to those who knew him FBI can't access shooter's phone Ex-Secret Service special agents explain why counter-sniper who saved Trump's life may have lost crucial seconds Secret Service will privately brief lawmakers on Trump assassination attempt Signs of trouble at Trump rally were evident in minutes before gunman opened fire DHS secretary Mayorkas calls shooting a ‘failure’ of security Secret Service vows to cooperate with Congress’ Trump shooting probes 6 unanswered questions about the Trump shooting and its fallout Trump Once Unified Democrats and Divided Republicans. The Shooting And Debate Turned the Tables That photo of a smiling Secret Service agent is fake: Beware the disinfo around the Trump shooting Donald Trump Assassination Attempt: The Biggest Conspiracies So Far When Even an Assassination Attempt Becomes a Concert Tee I grew up where Trump was shot. Butler, Pa., has long been a magnet for American politics. Secret Service Reportedly Didn’t Sweep Building Where Gunman Fired at Trump More than 20 guns registered to father of Trump rally shooter Donald Trump’s Inner Circle Says He’s “Changed” Post-Shooting. But Has He Really? Alleged Trump shooter spotted by law enforcement nearly 30 minutes before shots fired, sources say Five achingly obvious security blunders in Trump assassination bid from not securing vantage point to cops retreating Witnesses warned police of Trump shooter at least 86 seconds before gunfire Secret Service blames local police, says they were tasked with securing properties surrounding Trump’s Pa. rally Bandaged Trump defiantly appears at RNC 2024 just days after dodging assassin’s bullet Local counter-sniper team was inside building where Trump shooter climbed on the roof and opened fire: sources
(DBN)

Trump picks JD Vance as his VP Why Trump Chose J.D. Vance JD Vance once branded Trump 'America's Hitler' and called his voters 'idiots' What J.D. Vance Believes In Vance, Trump Picks an Ambitious Ideologue and First Millennial 55 Things to Know About J.D. Vance, Trump’s VP Pick J.D. Vance Was Not Always His Name. But It’s the One That Felt Closest to Home The Biden campaign plans to label Trump’s running mate JD Vance as 'extreme' J.D. Vance Is Closely Aligned With Trump on Key Issues All the times Trump’s VP pick JD Vance has attacked him How J.D. Vance Became the Veepstakes Favorite
(DBN)

Biden snaps repeatedly at Lester Holt in combative NBC interview days after Trump assassination attempt: ‘What’s with you guys?’ Donald Trump “Talks About Bloodbath If He Loses,” Joe Biden Reminds Lester Holt In Preview Of Primetime NBC Interview
(DBN)

Biden says ‘time to put Trump in the bulls-eye’ remark was a mistake, doubles down on reelection bid
(DBN)

Trump met with Robert F. Kennedy Jr. to seek endorsement
(DBN)

Biden's conflicting goals: civility and beating Trump
(DBN)

An Expert on Political Violence Sees a Way Out of America’s Crisis
(DBN)

Global investors are expecting a Trump presidency To the World, Trump 2.0 Looks Even More Likely Now
(DBN)

Mitch McConnell booed at Republican Convention
(DBN)

Holocaust-Denying Lt. Gov. Who Called For Extrajudicial Killings to Speak at Convention
(DBN)

Mark Cuban worries algorithms will decide the president in 2024
(DBN)

Elon Musk plans to give $45 million a month to pro-Trump super PAC
(DBN)

Activists wave Hezbollah flag, call for intifada outside NYC synagogue
(DBN)

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Nursing Homes:

Industry advocate defends CCRC model after bankruptcy attention
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US corporate bankruptcy filings surge – here are the business types that led
(DBN)

June’s Record Bankruptcy Wave Signals Tough Times Ahead for Businesses
(DBN)

The Weil European Distress Index
(DBN)

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Mass Torts:

Eckert Seamans' $45M Settlement Over Ponzi Scheme Entanglement in Doubt After SCOTUS Scraps Purdue Pharma Deal
(DBN)

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Social Media:

Virtual Tug-Of-War: The Importance of Clarifying Ownership of Branded Social Media Accounts
(DBN)

Trump Media Shares Soar on Reelection Bid Boost
(DBN)

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Discharge:

7th Cir. Upholds Rejection of Borrower’s FCRA and FDCPA Claims Arising from Collection and Reporting Post-Bankruptcy
(DBN)

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Bankruptcy Crimes:

Member of Delaware Limited Liability Company Indicted for Bankruptcy Fraud
(DBN)

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Aviation:

Terrell Davis, N.F.L. Hall of Famer, Says He Was Unjustly Detained on Flight
(DBN)

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Musical Instruments:

Fernandes Guitars Files for Bankruptcy
(DBN)

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Non-Profits:

Trial to Decide N.R.A.’s Financial Future Begins in Manhattan
(DBN)

Expert calls NRA's spending policies a 'dumpster fire' as gun group's civil trial begins a new phase
(DBN)

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Sports:

Champions League club 'avoid' bankruptcy with £420m deal agreed ahead of Newcastle United meeting
(DBN)

New York county's transgender sports ban takes effect
(DBN)

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Crypto:

Bitcoin Dips Below $63K As Mt. Gox Moves $2.8B BTC to Internal Wallets
(DBN)

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Fraud:

Former attorney who used fake IDs to get jobs pleads guilty to federal fraud charges
(DBN)

Self-proclaimed 'serial entrepreneur' in Colorado indicted for fraudulently obtaining $5M in COVID relief funds
(DBN)

Ex-Jefferies Fund Manager in Fraud Suit Quits Weeks Into New Job
(DBN)

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Utilities:

Texas Gov. Abbott demands answers as customers remain without power after Beryl Abbott reprimands CenterPoint and calls for an investigation into the utility’s response to Beryl blackouts
(DBN)

Houston Week Two: No Power, No Patience
(DBN)

Houston-area customers will cover CenterPoint’s $100 million-plus power restoration costs after deadly storm
(DBN)

Beryl exposed how vulnerable the electric infrastructure is to failure, leaving residents angry and at risk
(DBN)

Artificial intelligence needs so much power it’s overwhelming the electrical grid
(DBN)

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Auto Racing:

41-Year-Old NASCAR Team Forced to Jeopardize Employees' Livelihoods After Bankruptcy Lands a Major Blow NASCAR team files for bankruptcy; Not entered this weekend
(DBN)

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Celebs:

Elon Musk insists he's an 'alien' as he urges public to 'think about it for a second'
(DBN)

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Hedge Funds:

Weiss Advisers Seek Outside Review of $30 Million Bonus Payments
(DBN)

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UK:

Double bankrupt Katie Price reveals Mucky Mansion was raided by bailiffs 3 times and fears she’s being targeted
(DBN)

Disputes boutique Alius Law hires Fladgate’s insolvency and restructuring co-head in London
(DBN)

Home REIT Board Opts to Wind Down Company as Debt Maturity Looms
(DBN)

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Russia:

Russia's weakened energy trade and lost access to the dollar will spark a severe recession within a year, a top economist says
(DBN)

Russians Expect Nothing From Putin’s War
(DBN)

UK, EU States to Target Russian Oil Fleet With More Checks
(DBN)

Ukraine ready to work with Trump if he wins, says Zelenskyy
(DBN)

‘God help Ukraine’: How JD Vance’s VP nomination will cause chills in Kyiv GOP to Putin: We're Done with Ukraine
(DBN)

EU to Have Ukraine Loans Proposal ‘Very Soon,’ Gentiloni Says
(DBN)

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Finland:

Surge in bankruptcies continues in June, service sector most at risk
(DBN)

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MENA:

IDF: We're short on tanks, munitions after months of war
(DBN)

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Hong Kong:

Focus on restructuring and insolvency in Hong Kong
(DBN)

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India:

Byju's pushed into bankruptcy proceedings by BCCI Byju’s, once valued at $22 billion, faces insolvency proceedings Once India's biggest startup, Byju's faces insolvency proceedings Byju’s crisis: 'Wish to reach an amicable settlement with BCCI,' says edtech firm
(DBN)

India and the evolution of an insolvency code
(DBN)

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China:

China’s bankruptcy law system moves toward maturity
(DBN)

US Tariffs at 60% Would Halve China’s Growth Rate, UBS Says
(DBN)

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