March 13, 2024

The Daily Bankruptcy News

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Law:

Lessons Learned From The Demeaning Comments Women Lawyers Deal With All Too Frequently
(DBN)

Top Biglaw Firm Adopts 'One-Size-Fits-All' Office Policy, Where Partners No Longer Rule The Real Estate Roost
(DBN)

Husch Blackwell’s Revenue Jumps 10% as Firm Welcomes New Leaders
(DBN)

Bankrupt Terraform gets OK to hire law firm Dentons, with return of $48 mln from retainer
(DBN)

Hark! The Return Of Corporate Deals Is Afoot!
(DBN)

Apology sanctions for misleading court were ‘mild and fitting,’ 3rd Circuit rules in appeal by DA’s office
(DBN)

OpenAI hired the lawyer who helped force Elon Musk to buy Twitter Elon Musk Sues OpenAI. They Make Fun Of Him And Hire Wachtell.
(DBN)

The fate of billable hours is in the hands of artificial intelligence
(DBN)

‘Hotel California’ Case Spotlights Attorney-Client Privilege Risk
(DBN)

Biglaw's Summer Associate Recruitment Cycle Is The Worst Since The Great Recession Law Firm Summer Associate Jobs Hit 11 Year Low Indicating Less Demand for Legal Services Flush with incoming associates, law firms pulled back on 2024 summer associate hiring, rivaling Great Recession levels
(DBN)

Warrant required for overhead zoom-lens search that could reveal ‘intimate’ and ‘unflattering’ details, top state court says
(DBN)

Biglaw Partner Blasts Employee As 'Big Prick' For Daring To Raise The Alarm Over Shady Client
(DBN)

It looks like the special counsel may have overstated Biden's memory issues Biden Transcript Calls Into Question Special Counsel’s Bombshell Memory Claims Biden had repeated mental lapses during special counsel interview: transcript Fact-check: Robert Hur classified documents hearing Hur says classified documents report ‘not an exoneration’ of Biden Democrats play montage of Trump memory gaffes during Hur hearing Robert Hur backs damaging Biden report to Republicans in attack mode Top Democrats attack Hur's comments on Biden's mental acuity Hur defends Biden probe, saying he "did not sanitize" final report Hur transcript reveals Biden presidency’s profound and mundane moments A Warning for Democrats on the Hur Report Takeaways from Robert Hur’s testimony on Biden’s mishandling of classified documents Special Counsel’s Testimony on Biden Report Angers Both Sides- WSJ
(DBN)

Trump's defense in hush money trial to stop short of blaming his lawyers Trump team says it’ll argue lawyers’ involvement in alleged hush money scheme shows Trump had no intent to commit crimes
(DBN)

House GOP launch new probe of Jan. 6 and try shifting blame for the Capitol attack away from Trump
(DBN)

Trump tried to move assets to Florida, NY officials complain in fraud-judgment filing NY Says Trump Should Post Full Bond During Fraud Case Appeal New York AG questions Trump cash reserves as $464 million judgment looms NY AG says Trump should post full bond of $464M since he offers no reason why he cannot
(DBN)

Pro-Trump defamation attorney Lin Wood found liable for defamation
(DBN)

Rudy Giuliani's secretive defense fund is paying up to $675-an-hour for bankruptcy lawyers
(DBN)

Judge adds 30 more days to sentence of Jan. 6 rioter who violated her probation
(DBN)

Trump’s Georgia case hangs on key decision of a relatively new judge
(DBN)

Mar-a-Lago Witness Outs Himself Before Judge Cannon Can Do It For Him Trump Employee 5 says threat of Mar-a-Lago judge naming witnesses made him reveal identity
(DBN)

Hunter Biden uses FBI informant's 'false bribery' claims in bid to blow up gun indictment
(DBN)

Ghislaine Maxwell's lawyers to argue for Jeffrey Epstein associate to be freed from prison in long-awaited appeal hearing Ghislaine Maxwell Appeals Sex Abuse Conviction
(DBN)

Supreme Court extends freeze on controversial Texas immigration law Alito briefly extends pause of Texas law allowing police to arrest migrants
(DBN)

James Crumbley stored firearms in gun safe with code ‘0-0-0,’ detective testifies
(DBN)

In states with laws targeting LGBTQ issues, school hate crimes quadrupled Kansas judge: Barring driver’s license changes doesn’t violate trans people’s rights
(DBN)

Nearly 30% of Gen Z women identify as LGBTQ, Gallup survey finds
(DBN)

Double-swiping the rewards card led to free gas for months — and a felony theft charge
(DBN)

Should This Mom Have Been Arrested For Pranking Her Son's Bully?
(DBN)

Men blew up ex's home, planned to 'scalp' her and feed her daughter to large python: Feds
(DBN)

Stoner Rats Eating All The Drugs In Police Evidence Lockup
(DBN)

Warden is ousted as FBI raids California women's prison known as the 'rape club'
(DBN)

Suburban mom ran 'complex' crime ring that stole nearly $8M in makeup across US for online resale: authorities
(DBN)

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Judges:

Biden seeks funding boost to protect Supreme Court justices
(DBN)

Judiciary Releases Annual Report and Judicial Business Data
(DBN)

The Judicial Council Legislates From The Shadow Docket
(DBN)

Judicial Conference Shocked SHOCKED To Find Forum Shopping In This Establishment Judicial Conference Tackles Judge-Shopping, Which Has Given Trump Judges Massive Power
(DBN)

Convicted alderman keeps law license after recusals prevent state supreme court from acting
(DBN)

Historic Nominees of Color Confirmed Swiftly to US Trial Courts
(DBN)

Brett Kavanaugh knows truth of alleged sexual assault, Christine Blasey Ford says in book
(DBN)

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Wall Street:

Stock futures are little changed after S&P 500 closes at new record high
(DBN)

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Layoffs:

IBM is slashing jobs in marketing and communications
(DBN)

PwC Australia to Cut More than 300 Staff in Restructure
(DBN)

RNC Purge a Dress Rehearsal for Trump's Win
(DBN)

Layoffs could be coming as debt-laden firms navigate the pain of higher rates, economists say
(DBN)

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Climate:

Coastal land is sinking, doubling the potential damage from rising seas — here’s why
(DBN)

In Texas, as in California, big fires lead to big lawsuits
(DBN)

Germany Needs Sixfold Jump in New EV Sales by 2030 to Meet Aim
(DBN)

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Retailing:

Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
(DBN)

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Sports:

Saudi Arabia launches tennis takeover with $1 billion take-it-or-leave-it offer
(DBN)

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Student Debt:

Student loans are now easier to discharge in bankruptcy, attorneys say: It's ‘life changing'
(DBN)

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Food/Beverage:

Fast food chain can’t file Chapter 11 bankruptcy, shutdown likely
(DBN)

Indianapolis-based canned cocktail maker in financial distress, facing forced bankruptcy
(DBN)

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Distressed Investing:

A Junk Bond Bear Isn’t Buying ‘This Time It’s Different’ Mantra
(DBN)

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Maritime:

Cargill Looks to Roll Out Sails on Cargo Ships to Burn Less Fuel
(DBN)

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Radio:

Radio is seeing red
(DBN)

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Utilities:

Puerto Rico Power Authority’s Planned ‘Turbo’ Bonds Seen as Blueprint for Utilities
(DBN)

IEEFA testifies at Puerto Rico PREPA debt restructuring hearing
(DBN)

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Economy:

Inflation unexpectedly creeps up Consumer prices rose 0.4% in February and 3.2% from a year ago Cleveland Fed: Median CPI increased 0.4% and Trimmed-mean CPI increased 0.3% in February Prices ticked higher in February, but there’s good news at the grocery store US inflation up again in February in latest sign that price pressures remain elevated Here’s the inflation breakdown for February 2024 YoY Measures of Inflation: Services, Goods and Shelter Voters blame businesses more than Biden for sticky inflation
(DBN)

Now comes the hard part for the Fed to achieve its goal of getting inflation to 2%
(DBN)

Jerome Powell Reveals Hidden Reason for Persistent High Inflation: Increasingly Uninsurable Economy
(DBN)

Favorable Weather Boosted Employment by About 100,000 in February
(DBN)

Surging Gasoline Prices Add Inflation Risk in US Election Year
(DBN)

Consumer Price Index comes in hot for second straight month
(DBN)

The 7 biggest fights Biden’s new budget picks with Republicans
(DBN)

Trump tees up a Biden broadside on Social Security
(DBN)

Despite exodus fears, the number of California millionaires has grown, new data shows
(DBN)

Many of world’s happiest countries are also the best for women, research shows
(DBN)

New Global Record For Profits Paid Out To Shareholders: Study
(DBN)

FactCheck: The Trump administration "added more to the national debt than any presidential term in American history."
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

2nd Look at Local Housing Markets in February; Inventory Continues to Surge in Florida
(DBN)

American dream of owning a home is dead, majority of renters say
(DBN)

The Squatters of Beverly Hills
(DBN)

America's hidden homes
(DBN)

'Increasing urgency': Trial date set for stalled Richmond Atmosphere project
(DBN)

IA: Unfinished Waukee 55_ housing development files for bankruptcy
(DBN)

Signa Unit That Owns Selfridges Offers Creditors 30% Repayment
(DBN)

ECB’s €1 Trillion Property Loan Crackdown Shown in Signa Probe
(DBN)

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Oil/Gas:

Energy Industry’s Methane Emissions Near Record Despite Pledges
(DBN)

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Politics:

‘License to kill’: Anti-abortion groups rage against the GOP
(DBN)

Robert De Niro calls Donald Trump 'stupid' and 'dangerous' after the former president mocked him on social media
(DBN)

Republican Rep. Ken Buck is exiting Congress early, further eroding GOP majority Speaker Mike Johnson ‘Surprised’ by Ken Buck’s Retirement: ‘I Did Not Know’ It Was Coming
(DBN)

Many Republicans plan to skip House GOP retreat, complaining about location and spending time with one another
(DBN)

Florida teachers can discuss sexual orientation and gender ID under ‘Don’t Say Gay’ bill settlement Settlement in Florida ‘don’t say gay’ lawsuit says it’s okay to say gay
(DBN)

Trump’s Campaign Is So Poor He Might Not Be Able to Hold His Beloved Rallies, Says MSNBC Reporter
(DBN)

Republican group planning $50M campaign to block Trump from reelection
(DBN)

Trump vows to free all Jan. 6 prisoners — whom he calls 'hostages' — if elected Why Does Trump Call Criminals 'Hostages"?
(DBN)

What Robinson Said About Hitler, Holocaust
(DBN)

Trump Veepstakes have new litmus test: Breaking with Pence over 2020
(DBN)

Trump asked Elon Musk if he wanted to buy Truth Social
(DBN)

CNBC invited Trump on its air. The network didn’t even try to stop his lies
(DBN)

In 2020, the Biden Campaign Knew Age Was His Achilles’ Heel. Here’s What They Did.
(DBN)

Where the ‘uncommitted’ protest vote could jolt Biden
(DBN)

President Joe Biden has won enough delegates to clinch the 2024 Democratic nomination Trump Wins Republican Nomination, Setting Up Rematch with Biden
(DBN)

The US has its first presidential rematch since 1956, and other facts about the Biden-Trump sequel
(DBN)

Now social media generation is enamored by HITLER: AI video converting a 1939 anti-Semitic speech goes viral on X with users claiming genocidal dictator 'doesn't sound evil at all'
(DBN)

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Tech:

TikTok fights for its life on Capitol Hill ‘Digital fentanyl’: Pence calls for passage of TikTok bill House's bipartisan bid to rein in TikTok looks set to stall in the Senate China warns proposed TikTok ban will 'come back to bite' US TikTok Plans Full Legal Fight If US Divestment Bill Becomes Law
(DBN)

Europe’s world-first AI rules are set for final approval. Here’s what happens next
(DBN)

Physical Intelligence Is Building a Brain for Robots
(DBN)

Google won't let you use its Gemini AI to answer questions about an upcoming election in your country
(DBN)

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Banking:

A Year After SVB's Collapse: What Has and Hasn't Changed?
(DBN)

Banks Fight Safeguards as Risks Keep Piling Up
(DBN)

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Crypto:

Once Bankrupt Core Scientific Mines $1.4B Worth Bitcoin In 2023
(DBN)

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Agribusiness:

Prima Wawona's bankruptcy leads to layoffs, affects communities in three counties
(DBN)

Lawsuit Aims To Stop The EPA From Allowing Farmers To Keep Using Toxic Poop Water To Grow Your Food
(DBN)

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Fraud:

Jury convicts 'Bling Bishop' of scamming parishioners out retirement, lying to FBI
(DBN)

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Healthcare:

‘We’re hemorrhaging money’: US health clinics try to stay open after unprecedented cyberattack Cancer Clinics Face Cash Crunch After Hack Rocks US Health Care
(DBN)

A significant number of US 12th-graders report using delta-8 products, study says, and it may be a public health concern
(DBN)

Georgia restricted transgender care for youth in 2023. Now Republicans are seeking an outright ban Children to no longer be prescribed puberty blockers, NHS England confirms
(DBN)

‘I’d rather die hot than live ugly’: Tanning mania returns
(DBN)

For teens in Texas, getting birth control without parental consent just got even tougher
(DBN)

John Stockton and RFK Jr. team up against COVID-19 restrictions
(DBN)

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Biotech:

Patient Square Capital aims to roll up NanoString assets with $220M bid
(DBN)

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Celebs:

Bankrupt Katie Price snubs court as she’s fined £880 for driving while banned in latest motoring offence
(DBN)

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Wood Pellets:

Enviva Announces Comprehensive Agreements to Delever Balance Sheet and Strengthen Financial Position Top Biomass Producer Enviva files for bankruptcy
(DBN)

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Autos:

Next Autopilot trial to test Tesla's blame-the-driver defense
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Small-Business Bankruptcies Surge Ahead of Potential Law Change - WSJ
(DBN)

Predicting Bankruptcy: Ask the Employees
(DBN)

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Mass Torts:

HBO Releases ‘The Truth vs. Alex Jones’ Trailer From ‘Leaving Neverland’ Director Here comes an infuriating new HBO documentary about ‘the most polarizing figure in this nation’
(DBN)

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Involuntary Bankruptcy:

740,000 Reasons to Think Twice Before Putting a Company in Bankruptcy
(DBN)

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Venue:

Conference Acts to Promote Random Case Assignment US federal judiciary adopts policy to curtail 'judge shopping'
(DBN)

Texas Bankruptcy Court Sticks to Judge Practice Others Banished
(DBN)

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Subchapter V:

ABI’s Subchapter V Task Force Recommends Making The $7,500,000 Debt Cap Permanent
(DBN)

Can Small Businesses Survive Chapter 11?
(DBN)

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Aviation:

Boeing 737 Max production plagued by numerous problems, FAA audit finds 'We all need Boeing to be better': Airline bosses are getting annoyed that Boeing's problems are derailing their plans Boeing promises changes after getting poor grades in a government audit of manufacturing quality Boeing says employees must take 'immediate' action on safety measures Boeing Whistleblower Found Dead Boeing Whistle-blower's Attorneys Want Answers
(DBN)

Boeing is in big trouble
(DBN)

United Airlines reports fifth flight incident in a week as jet turns back
(DBN)

A Jewish passenger is suing JetBlue claiming religious discrimination after he was thrown off a plane following his refusal to sit next to a woman
(DBN)

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Tech:

CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
(DBN)

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Sovereigns:

Pakistan: $3.2b received in financial assistance in July-Jan period
(DBN)

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UK:

Insolvency activity rises in the Midlands - R3
(DBN)

Why are women being blamed for Birmingham’s bankruptcy? More than 500,000 fines issued to drivers misusing bankrupt Birmingham Council's controversial Clean Air Zone in the past two years have not been paid
(DBN)

Many wronged subpostmasters ended up bankrupt and shunned by their communities. Some were jailed How new law to exonerate Post Office scandal victims will work
(DBN)

UK Economy Rebounds in January After Slipping Into Recession
(DBN)

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EU:

ECB More Likely to Cut Rates in June Than April, Villeroy Says ECB Rate Cut Decision to Come in Next Few Meetings, Kazaks Says
(DBN)

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Canada:

Indigenous owned Gen 7 Fuel Retail Chain Harassed by KPMG over unrelated insolvency file
(DBN)

SaltWire’s money woes a sign of bigger problems in the newspaper business: experts
(DBN)

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MENA:

Israeli Law Threatens Palestinian Authority with Bankruptcy
(DBN)

Netanyahu: We Will Strike Rafah
(DBN)

Law & Order Crumbles in Gaza Over Desperation
(DBN)

Israeli-American IDF soldier taken hostage in Oct. 7 attack confirmed dead
(DBN)

Democratic senators demand Biden halt military aid to Israel
(DBN)

U.S. Spy Agencies Say Netanyahu’s Leadership ‘in Jeopardy’
(DBN)

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Russia:

Pro-Ukrainian Russian forces claim cross-border attacks in Russia Rogue Russian soldiers invade their own country
(DBN)

White House expected to send more ATACMS munitions to Ukraine
(DBN)

Polish rivals unite in DC to lobby for Ukraine military aid
(DBN)

'Russian warship, go f--- yourself' pits Ukraine against EU in bitter trademark fight
(DBN)

'Jamming': How Electronic Warfare Is Reshaping Ukraine Battlefields
(DBN)

Putin Says Ukraine Deal Requires Security Pledges for Russia
(DBN)

Democrats launch effort to force vote on Ukraine
(DBN)

Putin says Russia is ready to use nuclear weapons if its sovereignty or independence is threatened
(DBN)

Ukraine Says Russia Strikes Apartment Blocks, Killing Civilians
(DBN)

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Haiti:

Why is Haiti so chaotic? Leaders used street gangs to gain power. Then the gangs got stronger US missionaries trapped in Haiti amid violent gang takeover beg to be evacuated — but help isn’t coming Jimmy ‘Barbecue’ Cherizier: The former cop-turned-gang leader bringing Haiti to its knees
(DBN)

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Argentina:

Argentina’s Milei accused of double standards in a scandal over a 48% pay raise
(DBN)

Argentina’s New President Javier Milei Defunds Film-TV Agency INCAA, Ventana Sur
(DBN)

Argentina Swaps $50 Billion of Local Debt to Push Out Repayments
(DBN)

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Mexico:

Two detectives were searching for 43 missing students in Mexico. They disappeared
(DBN)

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China:

Stocks are mixed as China scrambles to avoid major real estate developer bankruptcy
(DBN)

China's property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.
(DBN)

Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy
(DBN)

Country Garden Misses Yuan Bond Coupon Payment for First Time
(DBN)

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India:

India’s new citizenship law excludes Muslims. Why?
(DBN)

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New Zealand:

'Unprecedented demand for insolvency services' as retailers struggle
(DBN)

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Australia:

With Armaguard under threat of insolvency, big four banks poised to intervene to save cash transporter
(DBN)

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Netherlands:

Breakthrough in Imtech bankruptcy settlement: former top agrees to 40 million euros
(DBN)

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