July 3, 2024

The Daily Bankruptcy News

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Due to the Independence Day holiday, The Daily Bankruptcy News will not publish on Thursday and Friday, July 4-5, 2024



Law:

$20M for top rainmaking lawyers? Kirkland’s poaching started a trend
(DBN)

Law Firms Hire Partners in London at Record Pace During US Push
(DBN)

Checking In: Adam H. Friedman
(DBN)

Real Estate, Tech Investments Drive Borrowing Across Am Law 200
(DBN)

Troutman Pepper Secures Top Restructuring Partner Alex Rovira for New York Office
(DBN)

Lawsuit: Northwestern’s law school is biased against White men in hiring
(DBN)

US law firms smell opportunity as Supreme Court guts agency powers
(DBN)

Sullivan & Cromwell Partner's 4,000 Hours In FTX Case Drawing Attention
(DBN)

Judge acquits 28 people accused in Panama Papers case, including law firm co-founder
(DBN)

Moons, Fire and Pigs: Emojis can be confusing in court
(DBN)

Which Law Firms Are On Course to be in the Global Elite?
(DBN)

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

Trump hush-money sentence delayed as he leverages Supreme Court immunity to fight his conviction 'Decision will be overturned': Law experts predict immunity ruling will not survive Everything that’s wrong with the Supreme Court’s Trump ruling The Assassination Hypothetical Isn’t Even the Scariest Part of the Supreme Court Immunity Ruling In Immunity Decision, Clashing Views of the Nature of Politics Trump’s Immunity Ruling Sets Up ‘Mini Trial’ Before Election
(DBN)

US Supreme Court's divisions deepened in term capped by Trump immunity ruling
(DBN)

'Not entitled to protection': Amy Coney Barrett says no reason Trump should avoid trial
(DBN)

People Are Scrambling To Understand Presidential Immunity, So Many Of The Opinions Are Cracked Conservative legal scholars say the Supreme Court’s Trump immunity decision isn’t conservative 'Five alarm fire': Supreme Court immunity ruling raises fears about future lawless presidents 'Originalism is a dead letter': Supreme Court majority accused of abandoning legal principles in Trump immunity ruling The terrifying SEAL Team 6 scenario lurking in the Supreme Court’s immunity ruling
(DBN)

Architects of the Trump Supreme Court See Culmination of Conservative Push
(DBN)

A Conversation With A President Who Has Absolute Immunity
(DBN)

How Democratic lawyers are bracing for Trump’s return
(DBN)

Trump Immunity Ruling May Push Election Trial to 2025 or Beyond
(DBN)

'Jack Smith is going to come out swinging': Trump warned he's about to be hit hard Jack Smith faces "painstaking process" to keep Trump indictment alive
(DBN)

Judge for Roger Stone, Fast and Furious case now overseeing lawsuit over Biden audiotapes
(DBN)

Toobin: Trump’s Jan. 6 case will ‘never be tried’ after Supreme Court ruling Trump’s election subversion case heads back to Judge Chutkan. But it may never reach a jury.
(DBN)

Justice Department eyeing ways to sustain obstruction cases against Jan. 6 defendants
(DBN)

On Abortion, the Supreme Court Purported to Say Nothing but Spoke Volumes About Itself
(DBN)

'A bigger wrecking ball': School board member sentenced for Jan. 6 won't step down
(DBN)

Rudy Giuliani makes major move to liquidate his assets and pay creditors in face of staggering liabilities, but claims ‘Biden regime’ is to blame Rudy Giuliani loses his law license in New York State in blistering disbarment ruling Former Trump lawyer Rudy Giuliani disbarred in New York after criminal indictments Rudy hits rock-bottom: Giuliani, the once revered prosecutor who took on the mob, is disbarred in his hometown of New York Rudy Giuliani Enters Chapter 7, Exits The Practice Of Law Rudy Giuliani Responds to Disbarment: 'Corrupt'
(DBN)

Trump attorney argues ‘fake electors’ scheme was an ‘official act’
(DBN)

Trump urges judge not to take Jack Smith's 'ridiculous' word for it on Mar-a-Lago search
(DBN)

Justice Dept plans to pursue Trump cases past Election Day -- even if he wins
(DBN)

Bill Barr responds to Bannon’s threats: ‘I don’t lose any sleep over it’
(DBN)

Trump PAC paid the law firm representing indicted legal adviser Boris Epshteyn in Arizona, records show
(DBN)

Trump's imperial presidency in waiting
(DBN)

Change slow to come in Minneapolis policing 4 years after George Floyd murder
(DBN)

Thomas, Alito oppose SCOTUS majority in turning down case about assault weapons ban
(DBN)

Prison officer called 911 because he disagreed with ticket for randomly honking horn: Cops
(DBN)

Mother charged with manslaughter more than 2 decades after abandoning newborn girl: AG
(DBN)

Guatemalan woman shot by Nebraska neighbor 'felt like this was the end' as she rushed to save grandson
(DBN)

Why parents are being punished for the crimes of their children
(DBN)

Squatter who murdered young farmer then filmed himself cleaning gun afterward is sentenced
(DBN)

16-year-old killed ex-girlfriend's mom to exact revenge over being dumped, police say
(DBN)

Woman arrested for domestic battery with APPLE Watch
(DBN)

Teen who killed 5 family members he mistakenly thought stole his iPhone is sentenced
(DBN)

Hoax bomb threat sent to Tree of Life synagogue, site of deadly 2018 shooting
(DBN)

U.S. Civil Rights Act's victories at risk, say leaders on 60th anniversary
(DBN)

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Judges:

Ex-Bankruptcy Judge Agrees to Jackson Walker Romance Questioning
(DBN)

US judge’s financial conflict leads to revived lawsuit against big banks Appeals Court Reinstates $10 Billion Bank Lawsuit After WSJ Investigation Into Conflicts
(DBN)

All The Times Republican Supreme Court Justices Lied About Presidential Immunity Under Oath
(DBN)

Supreme Court turns away OSHA challenge over opposition from Thomas, Gorsuch
(DBN)

From unanimity to ‘fear mongering’: How the raucous Supreme Court term turned in Trump’s favor
(DBN)

Justice Roberts buried for smug 'sit down, little ladies' smear of liberal colleagues
(DBN)

The minoritarian power imbalance that gave Trump immunity
(DBN)

Fed up judge tells murder defendant to rep herself after she blows through 8th attorney
(DBN)

Top elected justices are twice as likely to affirm death penalty in election years, 3-state study finds
(DBN)

Judge accused of shootings now faces removal for alleged corruption and sex on the bench
(DBN)

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Wall Street:

Stock futures are little changed after S&P 500 closes above 5,500 level
(DBN)

Charted: Global stock markets recover from pandemic-era plunges
(DBN)

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Healthcare:

Florida officials issue dengue fever alert
(DBN)

The US will pay Moderna $176 million to develop an mRNA pandemic flu vaccine
(DBN)

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Education:

Schools are bracing for the looming "enrollment cliff"
(DBN)

Why Are There So Few Conservative Professors?
(DBN)

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Solar:

Bankrupt Solar Company Leaves Homeowners with Liens
(DBN)

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Finance:

Corporate lenders are locking down protection against tough times from high rates
(DBN)

The Credit Markets Go Dark
(DBN)

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Economy:

Powell says he's not focused on Trump, support for Fed independence "very high"
(DBN)

Powell Welcomes Recent Data But Fed Needs More Confidence to Cut
(DBN)

Fed bank oversight powers grow more uncertain in wake of court action
(DBN)

BLS: Job Openings "Little Changed" at 8.1 million in May
(DBN)

Major Supreme Court rulings hit regulators from multiple angles
(DBN)

Fourth of July barbecue staples feel sting of inflation
(DBN)

A 30-Year Plan to Stabilize the National Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home Affordability in the US Sinks to Lowest Point Since 2007
(DBN)

Asking Rents Mostly Unchanged Year-over-year
(DBN)

WeWork, reworked: How the co-working firm emerged from bankruptcy
(DBN)

This US region is seeing the biggest rent declines as owners struggle to fill vacancies, Redfin says
(DBN)

CoreLogic: US Home Prices Increased 4.9% Year-over-year in May as "Prices Cool"
(DBN)

America has a serious ugly home problem
(DBN)

Why housing won't get much cheaper when the Fed cuts interest rates
(DBN)

Florida, California insurance crisis is spreading. Your state could be next
(DBN)

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Municipalities:

Audit shows Chicago's unfunded pension debt has soared to $37 billion: 'Hard conversations need to be had now'
(DBN)

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Retailing:

Bob's Stores is closing all locations - see the full list of store closures Bob’s Stores closing all locations after 70 years in latest US retail casualty
(DBN)

Conn's HomePlus faces potential bankruptcy filing
(DBN)

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Politics:

Biden needs the TikTok generation. His awful debate won't help As Biden digs in, some top Democrats want him out of the race this week One in three Democrats think Biden should quit the race, Reuters/Ipsos poll finds 2 new post-debate polls have bad news for Biden Biden faces growing revolt from Democrats in Congress 5 terrible reasons for Biden to stay in the race 'Be honest with himself': Democrat lawmaker latest to bash Biden 25 House Democrats prepare to call for Biden to end re-election effort: report "Freaking the f*** out": Turmoil in the White House over Biden Obama shares concerns after shaky debate, offers Biden his advice Prominent Dems are starting to go public with criticism of Biden Big Donors Turn on Biden. Quietly. Biden Plunges in Swing States in Leaked Post-Debate Poll Biden's post-debate crisis is evolving into a genuine threat Hunter Biden has joined White House meetings as he stays close to the president post-debate Former Republicans were ready to embrace Biden to beat Trump. And then came the debate. Devastating New York Times Report on Biden Debate Prep Reveals He Started at 11 A.M. and Napped Hours Later Democratic governors seek meeting with White House after Biden’s poor debate White House aide dishes on dealing with moody, aging Biden: 'People are scared' Inside House Democrats' anti-Biden vent session Pelosi calls Biden concerns ‘legitimate question’ in debate aftermath Gavin Newsom travels to Washington to ‘stand with’ Biden amid calls to step down Manchin threatened to break with Biden before senior Democrats intervened Biden says foreign travel meant he "nearly fell asleep" during debate Blames foreign travel despite week off to rest Sheldon Whitehouse says he was 'pretty horrified' by Biden debate Pennsylvania Sen. Bob Casey stands by Biden, says he’s competent to serve a second term CNN Poll Most voters think Democrats have a better chance of keeping White House without Biden. Here’s how some Dems would match up against Trump Carl Bernstein: Sources say Biden’s debate ‘horror show’ far from a ‘one-off’ Carl Bernstein Reveals Sources ‘Very Close To’ Biden Have Been Concerned About His ‘Cognitive Decline’ for More Than a Year ‘We’ve all enabled the situation’: Dems turn on Biden’s inner sanctum post debate Joe Biden To Sit Down With ABC News’ George Stephanopoulos For First Post-Debate TV Interview What Happens If Biden Does Step Down? According to History: A Mess Ari Emanuel’s Aspen Assault on Joe Biden and the Dems Donors eye Senate, House to hedge against a Biden loss A media ‘nervous breakdown’? Calls for Biden’s withdrawal produce some extraordinary moments Do other Democrats actually do better against Trump than Biden? Clyburn: I Will Support Kamala -- if Joe Goes Why Kamala Harris Would Be Biden’s Likeliest Replacement - WSJ
(DBN)

'Big mo': Postdebate bump, legal wins help Trump build summer momentum Trump Raises $331 Million in Quarter as War Chest Now Tops Biden
(DBN)

Biden campaign reports raising $127 million in June, over $30 million since debate
(DBN)

ProPublica Releases Full Biden Interview
(DBN)

The deep, generational skepticism that’s influencing the 2024 race
(DBN)

RFK Jr.’s Family Doesn’t Want Him to Run. Even They May Not Know His Darkest Secrets Unsettling photo appears to show RFK Jr. with barbequed carcass of dog
(DBN)

‘They always got away with it’: new book reveals Kennedys’ shocking treatment of women
(DBN)

Trump amplifies posts calling for televised military tribunal for Liz Cheney
(DBN)

Top leader of RNC Platform Committee entertained idea of imprisoning women who get abortions, opposes exceptions
(DBN)

In a shift, the RNC will decide its platform behind closed doors
(DBN)

New PAC runs ad ripping Gaetz for ‘close friendship’ with sex trafficking convict
(DBN)

She’s a Blue-Collar, Bible-Quoting, Israel-Supporting, Pro-Choice, Millennial Latina. Is She the Future of Democratic Progressivism?
(DBN)

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Crypto:

Celsius Litigation Administrator Commences Litigation Against Non-Settling Account Holders to Recover Full Value of Transfers Made During the Preference Period Celsius Network Sues to Reclaim $100M from Pre-Bankruptcy Withdrawals Aims to Aid Creditors
(DBN)

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Food/Beverage:

Boston Market's collapse leaves creditors fighting over assets
(DBN)

Bankrupt Rubio’s estimates it has up to USD 500 million in liabilities, 25,000 creditors
(DBN)

Louisiana Arby’s Franchisee Cites Weak Sales in Bankruptcy Filing
(DBN)

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Student Debt:

Student Loan Borrowers Owe $1.6 Trillion. Nearly Half Aren’t Paying.
(DBN)

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Climate:

Western heat wave to break records, raise wildfire risks
(DBN)

There’s a red-blue divide over heat protections for workers in these 2 states
(DBN)

Extreme heat, elevated fire risk prompt power shutoffs in Northern California
(DBN)

Hurricane Beryl is the terrifying storm that scientists have been expecting Hurricane Beryl strengthens on way to Jamaica, threatens catastrophe Storm broke a startling record before making landfall in the Caribbean
(DBN)

No Paris, no problem? The case for a conservative climate strategy.
(DBN)

New York likely to miss 70 percent renewable target
(DBN)

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Fraud:

She won a Pulitzer for exposing how the country's poorest state spent federal welfare money. Now she might go to jail Former Mississippi governor demands sources, sues reporters and editors for defamation
(DBN)

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Fintech:

How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts
(DBN)

Newsletter writer covering Evolve Bank’s data breach says the bank sent him a cease and desist letter
(DBN)

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Sports:

New study reveals significant risk of bankruptcy for Japanese professional football clubs
(DBN)

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Weddings:

'Infuriating': Wedding venue's bankruptcy sends couples scrambling
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (297 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Commercial Chapter 11 Filings Increased 70% in First Half of 2024, Total Filings Increased 7%
(DBN)

Ten Reasons to Expect an Increase in Financial Restructurings in 2025
(DBN)

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Exculpation:

Justices Pass on Hearing Narrow Bankruptcy Liability Shields
(DBN)

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Private Equity:

The Rise of The Sponsor-in-Possession and Implications for Sponsor (Mis)Behavior
(DBN)

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Subchapter V:

Small businesses could find filing for bankruptcy more difficult as government program expires
(DBN)

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Mass Torts:

Purdue Ruling Tees Up ‘Consent’ Question for Bankruptcy Courts
(DBN)

A Bankruptcy / Mass Tort Dilemma For Congress To Solve (Johnson & Johnson v. Purdue Pharma)
(DBN)

Supreme Court Strikes Down Bankruptcy Courts’ Ability to Order Non-consensual Third-Party Releases
(DBN)

Jacoby on Purdue’s Impact
(DBN)

The Purdue Decision on Third Party Releases and Its Practical Implications
(DBN)

Supreme Court ruling clouds Rochester diocese bankruptcy
(DBN)

Franciscan Friars of California ask to extend abuse claim deadline
(DBN)

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Aviation:

Alaska Air Flight Attendants Are Set for 32% Increase in Pay
(DBN)

The Life and Untimely Death of a Boeing Whistleblower
(DBN)

Ailing Spirit Airlines drops some junk fees in hopes of drawing travelers
(DBN)

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Autos:

Tesla stock pops 10% as deliveries beat estimates and Wall Street sees stronger days ahead Tesla’s Vehicle Deliveries Slump for Second Straight Quarter - WSJ Tesla's declining vehicle deliveries signal it's losing EV dominance China’s BYD is set to take Tesla’s crown as the world’s No. 1 producer of battery EVs
(DBN)

Kia’s EV sales surged to a new record in the US with affordable, long-range models
(DBN)

GM reports best U.S. quarterly sales since 2020
(DBN)

Vehicles Sales Decrease to 15.3 million SAAR in June due to Cyberattack
(DBN)

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EdTech:

Vista Equity in talks to hand over Pluralsight to creditors, sources say
(DBN)

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Tech:

A.I. Begins Ushering In an Age of Killer Robots
(DBN)

Chevron decision crushes Washington's approach to cyber regulations
(DBN)

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Sovereigns:

China Floats Private Creditors Role in Early Debt Rework Talks
(DBN)

Laos is drowning in debt. China, its biggest creditor by far, says it’s ‘doing its best’ to help
(DBN)

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UK:

Britain goes to the polls, and a wipeout is in the works. What to know about the election The three big ideas powering the next Labour government Poll predicts record win for Labour Party at UK election
(DBN)

Nigel Farage suffers new blow as bigotry storm engulfs his party just before UK election
(DBN)

5 simple steps to deceiving your way to Downing Street
(DBN)

Who is Keir Starmer, the self-described socialist set to lead the U.K.? Some Brits still don’t know.
(DBN)

Councils Locked Out of Funding Signal Crisis for UK After Vote
(DBN)

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Canada:

Bankruptcies In Canada Rose Nearly 20% In May
(DBN)

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New Zealand:

New Zealand, once a utopia for Trump-weary exiles, turns to the right
(DBN)

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France:

French candidates make hurried deals to try to stop far-right National Rally from leading government Le Pen's Path to Power Narrows The Billionaire ‘French Murdoch’ Normalizing Le Pen’s Politics
(DBN)

Investors too confused by French election to panic — yet
(DBN)

Macron’s Rivals Say They’ll Fix France’s Economy, but Economists Are Skeptical French Left’s Plans to Cost Six Times Macron’s, Estimates Show
(DBN)

Far-right Candidate Quits France Polls Over Nazi Cap
(DBN)

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Russia:

Trump’s Plan for NATO Is Emerging.
(DBN)

Russian Submarines Spotted on NATO's Doorstep Spark Woes
(DBN)

Europeans skeptical Ukraine will win war, polling shows
(DBN)

China Can End Russia’s War in Ukraine With One Phone Call, Finland Says
(DBN)

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China:

Fearing a bank crisis, China is sounding the alarm about a bond market bubble
(DBN)

China Dangled Rebates to Lure People to Spend. It’s Not Enough.
(DBN)

Satellite Images Show Expansion of Suspected Chinese Spy Bases in Cuba
(DBN)

War fears explode as 'China commandeers Taiwanese ship' sparking crisis
(DBN)

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MENA:

Hezbollah’s deputy leader says group would stop fighting with Israel after Gaza cease-fire
(DBN)

Crime and violence surge in Gaza as Hamas loses grip, report says
(DBN)

Palestinians flee Khan Younis as Israel says 1.9 million are crammed in central Gaza
(DBN)

Israel and UN negotiate deploying Musk's Starlink in Gaza
(DBN)

Biden expected to meet Netanyahu in D.C. this month: White House official
(DBN)

Israeli Army Leaders Want Ceasefire in Gaza
(DBN)

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Greece:

Greece's plan for a 6-day workweek to boost productivity may not work
(DBN)

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Hong Kong:

Builder Times China’s wind-up hearing delayed amid debt talks
(DBN)

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Sweden:

High record bankruptcies impact employees in Sweden
(DBN)

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