June 3, 2024

The Daily Bankruptcy News

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Law:

Paul Hastings Adds King & Spalding Restructuring, Credit Team
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The New York Times Law School Rankings: A New Way To Rank Prestige
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Arab American lawyer sues BigLaw firm that revoked job offer over Gaza comments
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Attorneys of Color And The Path To Partnership
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Lawyers Should More Often Refuse Additional Work From Difficult Clients
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Axelrod: Trump, supporters ‘inviting violence’ after conviction Trump Supporters Try to Doxx Jurors 'Tyrant' judge may note ex-president calling him 'devil' before sentencing Todd Blanche Doesn't Seem To Understand How 'Being A Lawyer' Works Stormy Daniels breaks silence on Donald Trump's guilty verdict and says 'jail him now' Trump's 'out of whack' reason for not testifying at hush-money trial makes no legal sense Trump lawyers went all out to show jurors Michael Cohen is a liar — it didn't work Trump suggests there could be a 'breaking point' for the public if he gets jail time in hush money case James Comey Predicts What Life Behind Bars Would Look Like for Trump The best — and worst — criticisms of Trump’s conviction Trump says he’s ‘OK’ with house arrest or jail after hush money verdict Donald Trump’s felony conviction now means he’s banned from a host of countries including Canada and UK Donald Trump’s attorney was ‘shocked’ the former president took the verdict with ‘solemnness’ ‘Not the Way to Defend a White Collar Case’: How Trump Blew It Trump attorney spars with ABC host over bias Trump says potential house arrest in hush money conviction would be ‘tough for public to take’ Trump’s verdict speech fact-checked: what he said and whether it’s true Jim Jordan demands Bragg testimony following Trump hush money guilty verdict Ivanka Trump breaks silence after guilty verdict Cohen says people should fear ‘loose-lipped’ Trump being jailed after conviction Schiff: ‘If you didn’t want to be tried in New York, don’t commit crimes in New York’ Why the ludicrous Republican response to Trump’s conviction matters Why the ludicrous Republican response to Trump’s conviction matters Don Jr. Calls the United States a ‘Third-World S---hole’ After Jury Convicts Father Don't do the crime if you can't do the time, a two-handed consideration Looming over Trump’s conviction: Reversal by the ‘13th juror’ How Trump's appeal will play out Stormy Daniels claims she was 'slut shamed' by female lawyer in Donald Trump trial Donald Trump Gets Unexpected Support for New York Pardon Prosecutors Got Trump — But They Contorted the Law
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Trump Isn't Alone On Falsifying Business Records
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RNC co-chair on how much fundraising will go to Trump legal fees: ‘We’ll wait and see’
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Bush Torture Lawyer John Yoo Calls for Revenge Prosecutions Against Democrats
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ABC lawyers trash Trump filing in defamation lawsuit over 'found liable for rape’ segment
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The 54 charges Trump faces after his New York conviction
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Trump’s attacks on US justice system after guilty verdict could be useful to autocrats like Putin Republicans join Trump’s attacks on justice system and campaign of vengeance after guilty verdict
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Former Trump Tower doorman, often overlooked in the hush money saga, speaks out
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The legal fight over the 2024 election has begun
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Giuliani should be disbarred over election case, DC ethics board says DC law licensing board recommends Rudy Giuliani be disbarred 'The only sanction that will protect the public': DC panel calls for Giuliani's disbarment ‘He’s Had Great Challenges’: Giuliani Holds 80th Birthday Amid Many Woes A 9/11 Charity Provides a Financial Safety Net to a Giuliani Firm
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Jan. 6 rioter who sliced officer's hand with fiberglass pole gets 5 years in prison
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Blood, Threats and Tears: Inside Diddy’s Nightmare Workplace
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From collapsed plea deal to trial: Hunter will face jurors on federal gun charges What to know about Hunter Biden's federal gun trial that starts Monday Judge deals Hunter Biden defense two setbacks ahead of gun trial starting today
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Inside Hunter Biden's secret legal battle
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DOJ pushes back against release of Biden-Hur audio, citing ‘deepfake’ concerns
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Man who threatened to kill the Bidens, Obama, Hillary Clinton sentenced to federal prison
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Stephen Miller's NYU John Doe Won't Get His Day In Court
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Aileen Cannon's Delay Tactics In Trump Documents Case Takes A Turn For The Stupid Jack Smith resubmits request for Mar-a-Lago judge to put gag order on Trump Mar-a-Lago judge atypically criticizes defense after Trump valet misses deadline
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Murdaugh murder trial clerk allegedly gave herself nearly $10,000 from child support fund
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Texas Supreme Court rejects challenge to abortion laws Texas top court won't guarantee right to abortion in complicated pregnancies Alabama’s War on Women Mapped: How late in pregnancy states allow abortions
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Menendez told top USDA official to ‘stop interfering’ with company accused of offering bribes Sen. Bob Menendez’s trial is filled with bribery, blame and gold bars: Analysis
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Mike Johnson belittles possible Biden executive action on immigration ‘The Most Important National Security Issue Facing America, With the Least Amount of Attention’
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Cops: Funeral home worker planned to smuggle sex doll from dead man's home in body bag
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'Doomsday cult' prophet Chad Daybell sentenced to death for murder of Lori Vallow's kids
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Murder charges against suspected baby killer dropped over prosecutor's disparaging remarks
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Florida deputy who fatally shot U.S. airman is fired following internal investigation
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Ex-cop killed wife and stepdaughter in front of home as they were moving out
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Wife killed on 60th birthday by husband who 'got tired' of being yelled at, police say
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1 dead and more than 20 injured in Ohio mass shooting 25 people shot in Akron, 1 man killed, multiple victims hospitalized
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Tulsi Gabbard’s aunt stabbed multiple times, beaten to death with hammer by prominent author: report
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Former second in command of U.S. Navy arrested in connection with alleged bribery scheme
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Kansas voters have no fundamental constitutional right to vote, Supreme Court rules
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Map Shows Which States Have The Highest Rates of Firearm Deaths
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Judges:

The incredible oblivion of Judge Marvin Isgur
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The 2 judges overseeing Hunter Biden’s trials have a lot in common. For starters, they were both appointed by Trump.
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Using Math to Analyze the Supreme Court Reveals an Intriguing Pattern
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Thurgood Marshall Was My Mentor. He’d Be Furious with the Court Today.
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Biden blasts Trump for ‘reckless’ attacks on the justice system
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Former Federal Appellate Judge Says Supreme Court Has Become 'A Tragedy' For The Rule Of Law
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Wall Street:

S&P 500 futures edge higher to start the month
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Investors, worried they can’t beat lawmakers in stock market, copy them instead
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Layoffs:

 

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Climate:

Panama prepares to evacuate first island in face of rising sea levels
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The next front in the ESG wars is governance
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N.C. beach house collapses underscore U.S. coastal erosion crisis
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Hotels:

William Vale Hotel's $177M Sale Approved By Bankruptcy Judge
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Hotels: Occupancy Rate Increased 1.6% Year-over-year
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Student Debt:

Student loan servicer illegally collecting on debt that was discharged in bankruptcy, CFPB alleges US CFPB sues student loan servicer for illegal collections
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Personal Finance:

A former stay-at-home dad says he sees few paths for him to reenter the workforce after his nearly 20-year break: 'I'm underqualified for jobs that I used to do'
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Is it better to die in debt or declare bankruptcy in retirement? You might be surprised.
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Defaults:

Loan Frenzy Masks Rising Losses on Defaults
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Celebs:

Shedeur Sanders displays lavish lifestyle while his brother Shilo faces a million-dollar lawsuit and files for bankruptcy CU Alum Hands Shilo Sanders A Harsh Reality Check After He Files For Bankruptcy
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Economy:

Q2 GDP Tracking: 1.8% to 2.8%
(DBN)

Personal Income increased 0.3% in April; Spending increased 0.2%
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What’s really happening to grocery prices right now
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The Congressional Budget Office's Alternative Scenarios Forecast a Dire Economic Picture
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A financial storm is coming that governments cannot fight
(DBN)

In Miami, Jobs Are Plentiful—and You Might Need Two to Afford It - WSJ
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Private Credit, Wall Street’s Hottest Trade, Has an Ugly Moment
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US Debt Clock
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World Debt Clock
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Real Estate:

Mohamed Hadid claims he’s the ‘victim’ in bitter feud with lender after filing fifth bankruptcy
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These US cities are due for a housing price drop, real estate analysts find
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Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly
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PCE Measure of Shelter Slows to 5.6% YoY in April
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Honolulu is the western metro area where 1-bedroom rent has gone up the most in a year
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With home prices up more than 50%, some states try to contain property taxes
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25 Cities Where Home Prices Are Falling Most Now
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She Made an Offer on a Condo. Then the Seller Learned She Was Black.
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A shady financial tool from the housing-bubble era is making a comeback
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Global Banks Start Targeting a New Breed of Real Estate Risk
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Municipalities:

Why New Yorkers Want to Leave
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The Rise of Poverty Inc.
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Oil/Gas:

OPEC+ Agrees to Extend Production Cuts in Bid to Boost Oil Prices OPEC+ wants concrete rate cuts before factoring impact on oil demand: Saudi minister
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Oil Falls After OPEC+ Signals Plan to Return Barrels to Market
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Education:

Columbia Hires Wall Street Lawyers for Student Protest Probes
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Most US students are recovering from pandemic-era setbacks, but millions are making up little ground
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Pro-Palestinian demonstrations at UT-Austin open rift among Jewish students
(DBN)

Students walk out of University of Chicago graduation as school withholds 4 diplomas over protests
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Teacher who held mock slave auction and used racial slur placed on leave, superintendent says
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Florida Keeps 'Slavery Was Good' Curriculum
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Florida’s top education official says public school closures a tradeoff for school choice
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At Missouri boarding school, ‘they preached the Bible, but they were straight from hell’
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Tech:

Internet providers agree to continue discounted plans through end of 2024 as federal subsidies end
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America's tech battle with China is about to get ugly
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The next generation of the ‘Internet of Bodies’ could meld tech and human bodies together
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The Ticketmaster Data Breach May Be Just the Beginning
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Facial Recognition Still Struggles To Recognize Faces As More People Are Misidentified As Criminals
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Tests find AI tools readily create election lies from the voices of well-known political leaders
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AI safety becomes a partisan battlefield
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Healthcare:

As bankruptcy court resumes, a new question emerges: Who should run Steward?
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What do Steward Health Care and Alex Jones have in common? A bankruptcy judge
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Monday hearing to consider timetable for selling Steward hospitals
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Nearly 1 in 3 Americans have reported losing someone to a drug overdose: Study
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Male birth control gel is safe and effective, new trial findings show
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Fauci to face House Covid investigators amid growing concern about the government’s handling of virus research
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Obesity blamed for ‘disturbing’ rise in cancer cases among young
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Entertainment:

Why some major artists are suddenly canceling shows, and in some cases entire tours
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Fraud:

Tesla shareholder sues Musk for alleged $7.5 billion insider trading
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PPPlease Stop Fraud: Two Whistleblowers Awarded $2.5 Million in PPP Fraud Settlement
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History:

It’s starting to look like the 1930s for all the wrong reasons
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No president has been convicted before, but this one was arrested
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Food/Beverage:

2 restaurant chains consider Chapter 11 bankruptcy, liquidation
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Applesauce maker files Chapter 7 bankruptcy amid lead recall lawsuits
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Fast-food franchise owners and squeezed customers test the limits of the value meal economy
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Crypto:

Wall Street Asks Biden Not to Veto Congress' Rejection of SEC Crypto Policy
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FTX Estate Sells Off Remaining Anthropic Holdings Amid Bankruptcy Proceedings
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Fashion:

Social Media-Savvy Bridal Designer Hayley Paige Gutman and JLM Couture Settle Lawsuit
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Media:

Money woes, staff issues strain the Intercept
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A national network of local news sites is publishing AI-written articles under fake bylines. Experts are raising alarm
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Autos:

It’s time Elon Musk faced a blunt truth about Tesla
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Banking:

$517,000,000,000 in Unrealized Losses Hit US Banking System, FDIC Says 63 Lenders on Brink of Insolvency
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Retailing:

Walmart Manager Shocked He Can Earn Up To $530K with 200% Performance Bonus And Stocks
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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (309 new filings today)
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Recent Ch. 11/9/12/15 Adversary Proceeding Filings (18 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Litigation Finance:

Louisiana Gov. Gets Bill Regulating Lawsuit Funding Business
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Sanctions:

Southwest Religious Training Clash Tests Judge’s Sanctions Power
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Aviation:

American Air Union Tells Flight Attendants to Prepare for Strike
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Boeing, NASA scrub launch of Starliner once again minutes before takeoff
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Boeing’s largest plant in ‘panic mode’ amid safety crisis, say workers and union officials
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Singapore Airlines’ turbulence incident offers a lesson to all in the business, says Emirates president
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Airlines on Track for $30 Billion Profit in 2024, IATA Predicts
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Nursing Homes:

Nursing Home Operator LaVie Care Centers Files for Bankruptcy
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Meme Stocks:

GameStop's stock almost doubles premarket after Roaring Kitty reveals his $116 million stake GameStop’s Meme Moment Returns Again With Gill’s Reddit Post
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Politics:

Biden Stakes Re-Election Campaign on Reviving Bad Memories of Trump
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Is Kamala the Democrats’ secret weapon of 2024?
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GOP Sen. Tom Cotton says he will accept 2024 election results
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Fauci set for fiery hearing with House GOP
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NYPD calls for cops to arrest trespassing protesters without hesitation at NYC Israel Day Parade: sources
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‘No way out without bloodshed’: the right believe the US is under threat and are mobilizing The MAGA Internet Calls for War
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Trump carries the stain of conviction like a crown. Will the verdict matter to voters? One in 10 Republicans less likely to vote for Trump after verdict: Reuters/Ipsos poll Poll: 49% of Independents think Trump should drop out post-guilty verdict Donald Trump’s guilty verdict isn’t going to change the outcome of the election, says Frank Luntz The felon frontrunner: How Trump warped our politics Gingrich says Trump stronger after conviction: This ‘may backfire on the left’ Trump verdict supercharges Republicans ‘I Want To See Lists of Which Democrats Are Going to Prison’ ‘Now he’s seen as a symbol’: Republicans rally around Trump 22 Experts Predict What the Trump Conviction Will Mean for 2024 and Beyond RNC co-chair says Larry Hogan ‘doesn’t deserve the respect of anyone in the Republican Party’
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Trump campaign sends Bob Good cease-and-desist over yard signs
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Plot twist: WA has a law against felons running for office
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Trump is posing a real threat to Biden in Virginia
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Texas GOP divisions grow after fraught primaries
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Trump says he’s ‘opposite’ of a threat to democracy
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Salem Apologizes, Retracts Dinesh D’Souza’s Debunked Election Fraud Movie ‘2000 Mules’
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Trump campaign says it raised $35 million after guilty verdict, nearly doubling its prior record Holy Cow, 34 for 45! Trump campaign says it raised $52.8 million after guilty verdict in fundraising blitz
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Stormy Daniels urges Melania Trump to leave husband Donald now
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Trump joins TikTok, outpaces Biden campaign for followers in hours Trump campaign launches TikTok account as Truth Social stock dips
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Guilty verdict fuels Trump's push for Black voters Black leaders call out Trump’s criminal justice contradictions as he rails against guilty verdict
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Rand Paul's brewing fight with Trumpworld
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Laura Loomer Calls For Democrats to be Executed
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Joe Manchin Leaves the Democratic Party
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Speaker Johnson's secret muse
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‘It’s All Bullshit!’ Tucker Carlson Tells Don Jr. January 6th Rioters Were ‘Pure-Hearted’ Americans
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Trump Denies Ever Saying ‘Lock Her Up.’ He Did… Several Times
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What do Mother Teresa, Al Capone, Elvis and Jesus have in common? Trump has compared himself to all of them
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A Felon in the Oval Office Would Test the American System
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Why Florida is America's least gay-friendly state
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Study: Same-sex marriage in 20 years had no negative effects
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Schumer: Senate to vote on "Right to Contraception" this Wednesday
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Idaho bar celebrating ‘Heterosexual Awesomeness Month’ in June creates stir
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Alex Jones Says Infowars Could Be Shut Down Within Hours
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UK:

Cash-strapped councils to recoup record £1.4bn to avoid collapse
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EU:

German Minister Expects ECB Rate Cut Soon, Hopes More Follow
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ECB Rate Cut Will Be Rare Bright Spot in Troubled Euro Region
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Canada:

'We put our faith in them,' donations to Laurentian University rebound following financial crisis
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MENA:

Israeli ministers threaten to resign over cease-fire proposal Netanyahu on cease-fire talks: ‘Conditions for ending the war have not changed’ Israeli leader Netanyahu faces growing pressure at home after Biden’s Gaza proposal Netanyahu aide says Israel agreed to Biden's cease-fire plan for Gaza Israeli centrist party increases pressure on Netanyahu government Biden speech renews pressure on Hamas to reach Gaza hostage-ceasefire deal with Israel Biden’s description of cease-fire offer ‘not accurate,’ Israeli official tells NBC News Israel Pushes Back Against Gaza Cease-Fire Outlined by Biden
(DBN)

Hamas no longer poses major threat to Israel, Biden says
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A former Israeli hostage recalls the brutality of Hamas captivity
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US official who quit over Gaza says political pressure from White House is silencing dissent
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France Mulls Recognition of Palestinian State
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What Trump really thinks about the war in Gaza
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Russia:

Russia strikes Ukrainian energy infrastructure in latest attack, leaving 19 injured
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Ukraine puts faith in robot army to hold back Russia
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Russia Declares War on ‘Mediocre Actor’ George Clooney
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Zelenskiy: Trump risks being ‘loser president’ if he imposes bad deal on Ukraine
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Russian Oil Finds a New Place to Switch in the Mediterranean Sea
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China:

Krugman Says China Is ‘Bizarrely Unwilling’ to Boost Demand
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China’s Economy faces bankruptcy amid slowing consumption
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China Manufacturing Growth at Two-Year High, Private Gauge Shows
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Mexico:

Mexican candidate assassinations hit grim record ahead of Sunday's election
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Claudia Sheinbaum is Mexico's Next President What to know about Claudia Sheinbaum Mexico Elects Sheinbaum in a Landslide Mexican Peso Slips as Ruling Party Landslide Spooks Investors
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Germany:

Travel agency FTI seeks bankruptcy protection
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France:

Atos falls 18% as embattled French IT firms weighs rescue deals set to result in ‘massive dilution’ Atos to Assess New Rescue Offers From Kretinsky, Onepoint
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