March 15, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firm’s Managing Partner Unexpectedly Gives Up Leadership Role Davis Wright Tremaine Searches for New Leader After Abrupt Exit
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The Law Firm Disrupted: Who Would Want to Manage a Big Firm Anyway?
(DBN)

The Evolution Of Motherhood, Law Firm Ownership, And Work-Life Balance
(DBN)

I Left the Big Law Work-Life Balance Trap and Found Integration
(DBN)

Big Law Associate's Ex-Boyfriend Sentenced to 15 Months for Trading on Firm's Deal Info
(DBN)

24% of law students expect to work in public service, survey says Public Interest Work Is Looking Better And Better
(DBN)

Top Law School In Turmoil As Allegations Of 'Toxic' Environment Surface
(DBN)

Here are the US law schools with the lowest bar pass rates in 2023
(DBN)

Wachtell, Simpson, Gibson Dunn Emerge as Key OpenAI Players
(DBN)

Insurance on Quinn Emanuel’s Huge Award Has Strings Attached
(DBN)

Lawyers’ ‘barrage of personal attacks’ on opponents started with tissue-box toss, appeals court says
(DBN)

UK: Law firms' management ranked from best to worst
(DBN)

Pinsent Masons tragedy prompts debate among overworked lawyers
(DBN)

Partner who stole to fuel lottery scam loses appeal
(DBN)

Biden recalls time he bluffed knowledge of torts case and why he changed his mind about civil-trial work
(DBN)

New York Disbars Infamous Copyright Troll
(DBN)

Longtime prosecutor resigns after judge tosses him from case, citing Perry Mason-type revelations
(DBN)

Lawyer’s joint sex with boyfriend and his daughter was ‘tantamount to rape,’ despite plea deal, disbarment order says
(DBN)

Trump listens in court as lawyers argue over whether to dismiss his classified documents case Florida judge denies one of Trump's bids to throw out classified docs case Cannon refuses to dismiss Trump Espionage Act indictment Judge denies Trump motion to dismiss classified-documents case Mar-a-Lago judge says it's 'difficult to see' how Trump's attack on PRA can dismiss case Cannon is tight-lipped about trial date for Trump’s classified document case
(DBN)

Prosecutors support 30-day delay in Trump's New York criminal trial Donald Trump Accuses Lawyers of Discovery Violations
(DBN)

Appeals court denies Peter Navarro bid to stay out of prison Appeals court tells Peter Navarro: Go to jail. Go directly to jail. Do not pass go.
(DBN)

Jordan threatens Fani Willis with contempt over subpoena on federal grants Fani Willis sued over alleged communications with special counsel
(DBN)

Dominion Lawsuit Against Kraken Dead Enders Keeps Getting Weirder
(DBN)

Accused Jan. 6 shooter is domestic violence fugitive with lengthy criminal record: Feds
(DBN)

Colorado can still block Trump
(DBN)

Bill Maher offers Trump advice for how to pay his legal bills: OnlyFans
(DBN)

Trump Lawyer Alina Habba's Latest Spin Prompts The Same Mocking Question
(DBN)

Alec Baldwin moves to dismiss charges against him in fatal 'Rust' shooting case Sentencing Scheduled for 'Rust' Armourer
(DBN)

Judge finds state's refusal to recognize gender identity on license is constitutional
(DBN)

‘A huge catastrophe waiting to happen’: Aryan Brotherhood drama spills into Northern California courtroom as lawyer joins in the name-calling
(DBN)

Woman charged with buying guns used in Minnesota standoff that killed 3 first responders
(DBN)

Michigan school shooter's father found guilty of involuntary manslaughter James Crumbley, who bought gun used by son to kill 4 students, guilty of manslaughter in Michigan Jurors found both a school shooter’s father and mother guilty of manslaughter. Here’s what the verdicts mean for parents
(DBN)

Scores Killed In Anti-sorcery Rituals
(DBN)

Rats are high on marijuana evidence at an infested police building, New Orleans chief says
(DBN)

Florida man killed girlfriend, claimed she stabbed herself 5 times, once in the back: Cops
(DBN)

Dad killed 4 kids and mother-in-law to 'get back' at wife for divorce
(DBN)

'Was that s-- fun?': Motorcyclist with 'Will Run' license plate and a mullet flees cops
(DBN)

Florida mom tried to sell 18-month-old for $500 before abandoning toddler: Cops
(DBN)

University scientist who kept young kids in 'makeshift cage' gets slap on the wrist
(DBN)

Chilling Batch of Evidence in the Black Dahlia Case
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Judges:

Supreme Court Justices Barrett and Sotomayor, ideological opposites, unite to promote civility
(DBN)

Judge Shopping Policy Selectively Targets Political Lawsuits U.S. courts require random judge assignments to avoid ‘judge shopping’ Judges, GOP lawmakers slam new policy that limits ‘judge shopping’ Right-Wing Judges Rage Over Anti-Forum-Shopping Rule Because Hit Dogs Holler
(DBN)

Judge's plan to decide traffic cases before hearing date 'was not evil in nature,' disciplinary court says
(DBN)

Luttig/Tribe: Supreme Betrayal
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Wall Street:

 

US stocks fall on renewed inflation concerns
(DBN)

JPMorgan fined nearly $350 million for inadequate trade reporting
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Layoffs:

 

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Student Debt:

Over 27,000 student-loan borrowers are getting $4.1 million in payments in the mail after debt relief companies 'lured' them into 'fake loan forgiveness claims,' a federal consumer agency says
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Tech:

Judges Defend AI Use by Attorneys for Early Brief Drafts
(DBN)

TikTok Turns to Creators to Fight Possible Ban Schumer signals slower pace on TikTok measure in the Senate Former Treasury Secretary Mnuchin is putting together an investor group to buy TikTok Banning TikTok would be both ineffective and harmful It’s not just Gen Z. Here’s what TikTok’s user base tells us about a potential ban’s impact. China's national security laws are fueling TikTok fears China Would Likely Block Forced Sale of TikTok TikTok Bill Sets up Fight Over Free Speech Protections of U.S. Constitution TikTok Bill Poses No Threat to Free Speech TikTok could avoid a ban with a sale. Finding a buyer won’t be easy.
(DBN)

Adobe Firefly follows in Google's woke footsteps with photos of black Nazis, black and female founding fathers
(DBN)

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Fraud:

Refund fraud schemes promoted on TikTok are costing Amazon and other retailers billions of dollars
(DBN)

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Healthcare:

Psychedelic drug ibogaine hailed as healing. U.S. patients ask why it’s illegal.
(DBN)

100 Most Obese U.S. Cities
(DBN)

Hypothetical Disease X drives real spending
(DBN)

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Dams:

‘Bad faith’ bankruptcy denied for former operator of Edenville Dam Las Vegas judge denies former operator of failed Midland dam attempted bankruptcy filing
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Economy:

Wholesale inflation rose 0.6% in February, much more than expected
(DBN)

Weekly Initial Unemployment Claims Decrease to 209,000
(DBN)

Fed Gets More Reasons to Delay Interest-Rate Cuts
(DBN)

Why are so many voters frustrated by the US economy? It’s home prices
(DBN)

Retail Sales Increased 0.6% in February Retail sales in US rebound less than expected in February
(DBN)

Here’s when the Fed is likely to start cutting interest rates, according to investment strategists
(DBN)

Unstoppable shopping slows, and that could be a problem for the economy
(DBN)

Factories receive billions in tax subsidies despite breaking pollution laws: Report
(DBN)

The Big Stay is great for companies and the economy, but workers might just be biding their time
(DBN)

Why I gave up on getting ahead
(DBN)

San Antonio experimented with giving people $5,108 no-strings-attached. They spent it on housing and school supplies for their kids.
(DBN)

Is the US running out of Social Security? Trump tries to clean up his Social Security comments
(DBN)

Republicans pan Sanders’s 32-hour workweek bill
(DBN)

Tyson Foods wants to hire 52,000 asylum seekers for factory jobs
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Cities Face Cutbacks as Commercial Real Estate Prices Tumble
(DBN)

Blackstone Says Time to Buy Real Estate as Prices at Bottom
(DBN)

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

Hottest and Coldest Housing Markets in America
(DBN)

Landslide Reduces LA Homes to Rubble
(DBN)

Texas Counties Led Nation in Population Growth
(DBN)

Americans Are Spending on Home Improvements
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Food/Beverage:

McDonald's says cash-strapped diners are choosing to eat at home more often
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Education:

Book ban attempts reached historic high last year, library association says
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Politics:

Biden blasts 'loser' Trump as campaign slugfest intensifies
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No. 1 feeling about Biden-Trump rematch is ‘dread’: Survey What the Press and Pollsters Get Wrong about a Biden-Trump Rematch
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Trump holds slim leads over Biden in Pennsylvania, Arizona: Fox News polling
(DBN)

In liberal California, island of Trump supporters holds out
(DBN)

House GOP leaders plead with Republicans to stop campaigning against each other
(DBN)

Shutdown Threat Rises Again as Republicans Push Hardline Policies
(DBN)

Trump-backed Senate candidate faces GOP worries that he could be linked to adult website profile
(DBN)

Anti-Israel protesters swarm The Post, NY Times printing plant before 124 are arrested while shutting down Gray Lady’s Midtown HQ
(DBN)

Biden's team to Speaker Johnson: Your impeachment inquiry is over
(DBN)

How No Labels will choose a unity ticket for president
(DBN)

GOP nominee to run North Carolina public schools called for violence against Democrats, including executing Obama and Biden
(DBN)

Menendez Wants Legislative Immunity for Bribes
(DBN)

Dallas Morning News Blasts TX AG Ken Paxton as Danger
(DBN)

Greg Abbott Celebrates Arresting Nearly 500,000 Migrants
(DBN)

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Celebs:

Aaron Rodgers responds to claims he is a Sandy Hook conspiracy theorist
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Religion:

Former Mormon bishop highlighted in AP investigation arrested on felony child sex abuse charges
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Crypto:

Judge Finds ‘Overwhelming’ Evidence Craig Wright Isn’t Mysterious Bitcoin Creator
(DBN)

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Trucking:

Illinois trucking company with 171 drivers files for bankruptcy
(DBN)

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Wood Pellets:

Wood pellet maker Enviva previews contract shakeup in bankruptcy Wood pellet maker Enviva files for bankruptcy, says still building $375 million plant in Alabama
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Agribusiness:

Smallhold files for bankruptcy
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Radio:

Court Converts Stolz Bankruptcy To Chapter 7 After ‘Egregious Conduct’
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Hotels:

Abraham Leifer’s bankrupt Brooklyn hotel project sells for $35M
(DBN)

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Weight Loss:

Is WW Stock on the Brink of Bankruptcy?
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Biotech:

Biotech bankruptcies hit a record despite sector’s recovery
(DBN)

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Banking:

Credit Suisse carcass feeds many hungry mouths
(DBN)

A year after imploding, Silicon Valley Bank tries to make a comeback
(DBN)

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Retailing:

Why Those Big Store Closings Aren’t the Whole Story
(DBN)

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Nursing Homes:

For-profit nursing homes are cutting corners on safety and draining resources with financial shenanigans − especially at midsize chains that dodge public scrutiny
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Subchapter V:

Notable Subchapter V Bankruptcy Opinions: December 2023 (AI Edition)
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Litigation Finance:

Revenues Triple at Largest Public Litigation Funder as Earnings Per Share Grow 19x
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Bonuses:

USTP Prevails at Trial on Objection to Chapter 11 Debtors’ Executive Bonuses
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Mass Torts:

Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers
(DBN)

Bayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup
(DBN)

New Jersey Catholic diocese's $87.5 mln abuse settlement approved
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Cross-Border:

Delaware court restricts Byju’s from use of $533 mn parked overseas U.S. Bankruptcy Court Issues Ruling in Favor of BYJU’s Term Loan Lenders Hedge fund manager faces arrest over $533 million taken from ed-tech startup Fund manager who helped Byju's hide $533 mn from its lenders to be jailed
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Aviation:

SpaceX’s Starship notches major flight test milestones, breaks up over Indian Ocean in final moments
(DBN)

Seat belt saved passenger’s life on Boeing 737 jet that suffered a blowout, new lawsuit says
(DBN)

Pilot Blunder Led to Dreamliner Mid-Air Plunge
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Climate:

The United States has its first large offshore wind farm, with more to come
(DBN)

Spring is getting warmer
(DBN)

Are we breaking the Atlantic Ocean?
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$500,000 Sand Dune to Protect Vacation Homes Washes Away in Three Days
(DBN)

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Defaults:

S&P Reports Corporate Defaults Occurring at Fastest Pace Since Financial Crisis
(DBN)

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Autos:

Fisker soars as it responds to bankruptcy reports Fisker says it's focused on business plan after report of possible bankruptcy
(DBN)

EV winter? Tesla sales cooling, while Fisker is wobbling
(DBN)

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Gig Economy:

Uber, Lyft Leave Minneapolis Over Wage Rules
(DBN)

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Sovereigns:

Paris Club Announces $2 Billion Debt Cancellation for Somalia Paris Club extends lifeline to Somalia as it erases 99% of country's debt
(DBN)

Sri Lanka: Govt ready to discuss progress of IMF program, creditors’ talks with opposition
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UK:

Bankrupt Birmingham City Council's ex-boss Deborah Cadman was facing official complaint for 'misleading' councillors before she quit
(DBN)

Fury at plans to invest public money in Coventry IKEA building
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Canada:

Nova Scotia court approves creditor protection for SaltWire Network, appoints monitor
(DBN)

Just for Laughs has all kinds of debts, insolvency documents show
(DBN)

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MENA:

Eliezer Fishman, tycoon involved in biggest bankruptcy in Israeli history, dies at 80
(DBN)

Schumer reaches breaking point with Netanyahu Top Democrat Schumer calls for new elections in Israel, saying Netanyahu is an obstacle to peace Johnson slams Schumer’s call for elections in Israel as ‘highly inappropriate’ and ‘wrong’ Schumer's anti-Netanyahu speech stuns Israel A speech that sent shockwaves from Washington to Jerusalem
(DBN)

How Biden could dial up the pressure on Israel — if he really wanted to
(DBN)

Hamas delivers response on hostage deal proposal
(DBN)

Israel assures U.S. weapons used in Gaza according to international law
(DBN)

What If We Just Recognized a Palestinian State?
(DBN)

US unveils sanctions on Israeli individuals, entities for violence in West Bank
(DBN)

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Haiti:

Four criminals who may soon rule Haiti – wannabe rapper, two ex-cops and Voodoo believer Plan to install new leaders in chaotic Haiti appears to crumble Royal Caribbean halts stops at private beach in Haiti
(DBN)

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Hong Kong:

Bankruptcy petitions drop to 8-month low in Feb
(DBN)

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China:

Trump launched CIA covert influence operation against China
(DBN)

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Germany:

Elon Musk’s Plans to Conquer Europe Collide With Germany’s Culture Wars
(DBN)


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Russia:

U.S. brushes off Putin’s ‘nuclear war’ threat; Ukraine says Russian election in occupied regions ‘illegal’
(DBN)

McConnell raises pressure on Johnson over Ukraine: ‘Finish the job’ Johnson faces make-or-break moment on Ukraine aid as pressure mounts
(DBN)

Von der Leyen’s Ukraine ammo plan is facing resistance
(DBN)

The truth behind the EU’s new €5B weapons fund for Kyiv
(DBN)

Strikes on Ukraine's Most Prized Assets Raise Alarm
(DBN)

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Venezuela:

Weak bids in Citgo auction spurs Venezuela to pitch alternative pay plan
(DBN)

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Germany:

Vonovia Shares Drop as $7 Billion Loss Lays Bare German Property Crisis
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