March 18, 2024

The Daily Bankruptcy News

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Law:

March 15, 2024 Bankruptcy Quiz
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Lawyers Give Reminder That 'Zealous Advocacy' Isn't An Excuse To Be Rude
(DBN)

Why Is Congress Investigating a Lawyers' Union for Being Anti-Israel?
(DBN)

Lawyer's Going Away Cake Takes The Cake
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How To Run A Law Firm Without A Home Office – Or Even A Home
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'Little Lady': Women Lawyers Describe 'Most Insulting Comments'
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The Best Law Schools For Getting A Biglaw Job (2024)
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New York's Top Law Schools Slide Down Go-To Law Schools Rankings Longtime Go-To Law Schools Leader Dethroned in 2024 Rankings
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Trump's NY hush money trial may be delayed a month or more by a last-minute evidence feud: court docs Manhattan Judge Delays Trump Criminal Trial, Citing 'Significant Questions of Fact' Judge Delays Trump’s Manhattan Trial Until at Least Mid-April
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Navarro makes last-ditch bid at Supreme Court to avoid jail
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Stalling: A Time-Tested Legal Strategy That Keeps Working for Trump
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Schiff: Supreme Court delaying Trump immunity case would be ‘terrible decision’
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Fani Willis Hangs Onto Trump Case, but More Turbulence Lies Ahead Georgia judge slams prosecutors in Trump case for "odor of mendacity" Court Reads DA Willis For Filth, But Lets Her Office Stay On The Trump Case Wade's Resignation Letter to Fani Willis Takeaways From the Ruling on Georgia Trump Prosecutor’s Conduct Who Is Ashleigh Merchant, the Lawyer Who Led the Effort to Oust Fani Willis? How Revelations of a Prosecutors’ Romance Upended the Georgia Trump Case Here’s How the Decision in the Trump Case Could Be Appealed Graham rips ‘nonsensical’ ruling on Fani Willis disqualification: ‘Today is a sad day for Georgia’ Donald Trump Could Sue Fani Willis for Defamation Toobin on Willis disqualification ruling: ‘A very good day for Donald Trump’ Donald Trump Lawyer Shares Next Step to Take Down Fani Willis
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White House Counsel Gets Blunt Over Impeachment 'Charade'
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Lawmakers in both parties ignore nuances of special counsel Hur’s report
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Stormy Daniels Is Releasing a Film - and Trump's Lawyers Aren't Happy
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Creditors demand Rudy Giuliani sell his $3.5 million Florida condo to pay debts Rudy Giuliani won't give up 'pot of gold' Florida condo to bankruptcy creditors: report Creditors Move to Force Giuliani to Insure his Florida Condo Until it’s Sold to Pay Debts Rudy Giuliani Says Loyalty to Donald Trump Will Help Him in Heaven
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How 'fetal personhood' in Alabama's IVF ruling evolved from fringe to mainstream
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3 People Fatally Shot in Two Pennsylvania Township Homes, Police Say Pa. shooter in custody after killing 3, standing off with police in New Jersey, authorities say
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A Shooter’s Parents Were Convicted of Manslaughter. What Happens Next? James and Jennifer Crumbley's convictions seen as warning to parents with troubled kids Crumbley convictions set a legal precedent for parents that could reach beyond shootings
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Sheriff Had Cause to Take Maine Gunman Into Custody Before Shootings
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Man Who Shot Another on Subway Train Unlikely to Be Charged, D.A. Says Frightening Confrontation Led to Brooklyn Subway Shooting, Videos Show
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Ankle Monitors and Curfews: Inside Biden’s New Tracking System for Migrant Families New York City to Impose Stricter Limits on Migrant Adults in Shelters Republicans really want border reforms … until they hear Trump doesn’t
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Texas grandmother thrown in jail after criticizing local government. Now her case heads to Supreme Court
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Does Having a Gun Make a Person Suspicious? Courts Aren’t Sure Now.
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Sophisticated 'burglary tourists' fly from South America to rob wealthy homes, LAPD says
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FBI Warns Gaza War Will Stoke Domestic Radicalization “For Years to Come”
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Judges:

Kirkland Seeks Sanctions, Dismissal of Judge Romance Suit
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The Supreme Court seems bitterly divided. Two justices say otherwise.
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Are The Justices Still Party Players?
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Attorneys Push Their Luck, Get Benchslapped For Their Efforts
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MTG’s Recusal Demand of Judge in Fani Willis Case Shredded by Legal Experts
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After R.B.G. Awards Go to Musk and Murdoch, Justice Ginsburg’s Family Objects
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US Judiciary Says Courts Have Discretion to Adopt 'Judge Shopping' Policy
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Wall Street:

S&P 500 futures rise as traders turn eyes to Nvidia conference, await Fed meeting
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Layoffs:

More Middle Managers Are Being Laid Off
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Trump's RNC reverses plans for some cuts after backlash
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Tyson Foods boycotted as it sacks 1,300 staff at Iowa pork plant and offers 'job-and-lawyer' packages in bid to hire 42,000 asylum seekers in New York
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World’s Top Solar Firm Longi Plans Thousands of Job Cuts on Glut
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Dreamworks Animation To Significantly Cut Staff In Coming Months
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536 Tampa jobs cut after IT company loses $2.8B contract at MacDill
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Banking:

A year on from Credit Suisse's rescue, banks remain vulnerable
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JP Morgan Fined $348 Million Over Trading Ops
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Autos:

Tesla's problems sparked thousands of complaints long before a high-profile death
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It's actually a good time to buy a new car
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Hertz CEO steps down following Tesla EV purchase debacle
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Politics:

Blinken Warns of False Info ‘Flood’ As Elections Loom Worldwide
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Efforts to quell online disinformation face free speech challenge at Supreme Court
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Here’s What Donald Trump’s America Was Actually Like Four Years Ago
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Behind the scenes, Biden has grown angry and anxious about re-election effort
(DBN)

Biden tells Gridiron Club dinner one presidential candidate is 'too old and mentally unfit' and 'the other is me' as he torches Trump
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Trump and Biden's key campaign stances in sequel election
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Share of Democratic Registrations Is Declining, but What Does It Mean?
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Biden’s $53 Million February Haul Fuels Money Edge Over Trump
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The Great Resignation hits Congress: Lawmakers are quitting, too
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How Trump Is Scrambling to Raise Cash
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Trump Says Some Migrants Are ‘Not People’ and Predicts a ‘Blood Bath’ if He Loses Trump Doubles Down on Migrants ‘Poisoning’ the Country Border looms large over Senate races hundreds of miles away
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Trump is considering a 16-week ban on abortion. Guess why he landed on that number.
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Texas governor predicted donations would pay for busing migrants out of state. He’s collected less than 1% of that cost
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Haitian Migrant in Massachusetts Is Charged With Raping a Teenager
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Examining Trump’s Alternate Reality Pitch Trump says country faces ‘bloodbath’ if Biden wins in November Trump ramps up dark rhetoric in Ohio stump speech for Senate candidate Bernie Moreno Trump Calls for Liz Cheney and the Entire Jan. 6 Committee to Be Jailed Trump's dark rally speech offers preview of 2024's outrage cycle
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A House Divided: Republicans Retreat From Their Annual GOP Retreat
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‘Knock it off’: Speaker Mike Johnson tries to stop Republicans from campaigning against each other in bitter primary battles
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Two GOP senators won’t commit to explicit Trump endorsement
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Partisans are equally likely to say the other candidate is ‘too corrupt’
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Mike Pence: “I Cannot In Good Conscience Endorse Donald Trump” Trump "walking away" from the Constitution among reasons Pence won't endorse The Magnitude of Pence Not Endorsing Trump Pence says it’s ‘unacceptable’ for Trump to call Jan. 6 defendants hostages
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Mike Johnson says second term for Trump would be like first but 'on turbo'
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How Trump’s Allies Are Winning the War Over Disinformation
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Trump's latest attack could mean he fears 'extremely damaging' Jeffrey Epstein report
(DBN)

Kristi Noem’s New Teeth Are Blowing Up in Her Face
(DBN)

An Obscure Group Hounded Kyrsten Sinema for Years — and It Worked. Is This a Sign of Things to Come?
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Sen. Bill Cassidy: Presidential race is 'a sorry state of affairs' Sen. Cassidy says he is not running on No Labels ticket Cassidy says Trump’s ‘bloodbath’ rhetoric concerning to some voters
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RFK Jr. sparks furor with possible Aaron Rodgers VP pick Robert F. Kennedy Jr. Expected to Tap Nicole Shanahan as Running Mate
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Kari Lake Wants Supreme Court To Upend How America Votes
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Kamala Harris’ stepdaughter Ella Emhoff publicly raising money for relief group allegedly tied to Oct. 7 terrorist attack on Israel
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"Obama would be jealous": How Biden's rivalry with his ex-boss shapes his presidency
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Fraud:

Fallen UK Tech Star Lynch in Fight to Avoid US Prison for Fraud
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WeWork stock case spurs criminal charges over $77m tender offer
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Labor:

Airbus Workers in Canada Reject Contract Offer, Threaten Strike
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Economy:

The booming private-credit market has delayed a recession, but the US is still at risk of a sharp downturn, chief strategist says
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Powell’s Silence Frustrates Markets as Post-Covid Economy Shifts
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Bond Traders Surrender to Higher-for-Longer Reality From the Fed
(DBN)

This chart explains why inflation felt so bad
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Grocery Prices Have Soared. That’s Spoiling Biden’s Economic Pitch.
(DBN)

Why auto insurance costs are rising at the fastest rate in 47 years
(DBN)

Inflation seems stubborn, but people keep spending. What's going on?
(DBN)

What is shrinkflation? Here’s why consumers may be getting less for their money
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Talk of recession is dying down in corporate America
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The post-COVID phoenix economy
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Small businesses are cutting jobs. It's a warning sign for the US economy.
(DBN)

Rogoff Says Biden, Trump Favor ‘Blowing Up’ US Debt
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America’s Tax-Dodging CEOs Are at It Again
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Weekly peak office attendance is still nowhere near pre-pandemic levels
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Marriage rates are up, and divorce rates are down, new data shows
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US Debt Clock
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World Debt Clock
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Real Estate:

Home prices could go down now that the biggest group of real-estate agents agreed to lower commissions Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits Real estate stocks plunge as NAR agrees to landmark settlement that rewrites rules on commissions Five Ways Buying and Selling a House Could Change 4 Ways a Settlement Could Change the Housing Industry
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The housing market's inventory crisis is finally easing
(DBN)

America’s Office Fire Sale Has Barely Begun
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Office real estate faces 'reckoning' amid other tailwinds: research director
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At Somber Cannes Event, Real Estate Elite Look for Hope Amid Gloom
(DBN)

Student Housing Pioneer Faces Angry Investors, Irate Judges and a $115 Million Bill
(DBN)

Austria to reject Signa restructuring plan at creditor vote, says representative Creditors Could Recover 32% of Debt in Signa Prime Restructuring Plan Five-Star Venice Hotel Is a Glimmer of Hope for Signa Prime Creditors Signa Prime, Kuehne in Talks on Emergency Loan to Buy Time
(DBN)

4 of the most competitive rental markets in the country added virtually no new apartments in 2023. It shows the housing crisis isn't going away.
(DBN)

Beach Town Residents Paid $600,000 for Sand. It Lasted a Few Days.
(DBN)

Florida Home Prices Fall as Owners Try to Sell
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Closing Costs for Buying a Home Have Risen Along With Rates
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Why a Native American Nation Is Challenging the U.S. Over a 1794 Treaty
(DBN)

A Florida man who refused to sell his home to a developer now lives in the shadows
(DBN)

The largest employer of a Montana mountain town is shutting down, blaming housing shortages and rising cost of living
(DBN)

Modular homes were hailed as a solution to housing crises. But the sector is now struggling to scale
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Tech:

Millions Owed To Podcasters As Kast Media Files For Bankruptcy.
(DBN)

A TikTok ban could be terrible news for Apple and Tesla What Trump’s TikTok Flip-Flop Tells America A TikTok ban could embolden authoritarian censorship, experts warn The TikTok sales pitch Ro Khanna says TikTok bill is not ‘actually addressing the issue’ Cardin ‘sympathetic’ to TikTok bill: ‘I’d like to see us get to the finish line’ White House urges Senate to ‘move swiftly’ on TikTok bill as lawmakers drag their heels TikTok’s American Growth Is Already Stalling
(DBN)

We asked ChatGPT and Claude to analyze Biden's cognitive abilities based on the Joe Biden-Robert Hur transcript. Their verdict: the president is doing fine.
(DBN)

X removes unverified video Elon Musk shared as evidence of cannibalism in Haiti
(DBN)

‘Twitter Files’ journalist Matt Taibbi: Musk proved to be ‘very disappointing’ on free speech issue
(DBN)

Musk's SpaceX is building spy satellite network for US intelligence agency, sources say
(DBN)

Mercedes Puts Humanoid Robots in Factories
(DBN)

A Friendly Reminder: A.I. Work Isn’t Yours
(DBN)

Experts war-gamed what might happen if deepfakes disrupt the 2024 election. Things went sideways fast.
(DBN)

Apple reaches $490 million settlement over Tim Cook’s China sales comments
(DBN)

US Investigating Meta for Role in Illicit Drug Sales
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Climate:

Court Temporarily Halts S.E.C.’s New Climate Rules
(DBN)

Climate change is fueling the US insurance problem
(DBN)

The Zombies of the U.S. Tax Code: Why Fossil Fuels Subsidies Seem Impossible to Kill U.S. Taxpayers Have Subsidized Fossil Fuels for 111 Years, and Counting
(DBN)

EPA’s hard-fought climate rule for cars expected next week
(DBN)

Amid extreme heat wave, South Sudan shutters all schools
(DBN)

How the climate crisis will affect the U.S. economy: Sachs, Roubini and Zandi discuss
(DBN)

Hottest city in US saw record 645 deaths related to high temperatures in 2023
(DBN)

Cherry blossoms hitting earlier peaks due to climate change, scientists warn
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Gig Economy:

Uber and Lyft Threaten to Pull Out of Minneapolis After City Council Vote
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Crypto:

FTX Bankruptcy Trade Mints 200% Windfall and Sparks Legal Battle
(DBN)

FTX’d: Conflicting Public and Private Interests in Chapter 11
(DBN)

FTX’s Growing Cash Pile Sparks Dash for Shares in Defunct Firm
(DBN)

Sam Bankman-Fried Should Get 40 to 50 Years in Prison, Prosecutors Say
(DBN)

SBF Considered ‘Coming Out as a Republican’ Amid FTX Collapse
(DBN)

Top FTX claim holder Attestor sues seller amid Bitcoin rally
(DBN)

Renowned Investors Entangled in Legal Battle Over FTX Bankruptcy Claims
(DBN)

Celsius creditors allege 30% less compensation than promised during bankruptcy
(DBN)

GOPAX risks falling out of Korea's top 5 crypto exchanges
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Retailing:

Crafts Retailer Joann Files Bankruptcy After Consumer Retreat Joann Fabric declares bankruptcy in desperate attempt to save 850 stores beloved by shoppers across the US Craft Retailer Joann Files For Bankruptcy After Consumer Pullback - WSJ JOANN Enters into Agreement to Reduce Debt and Receive $132 Million in New Capital and Related Financial Accommodations with Strong Support of Key Financial and Industry Stakeholders
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Retailers amp up "security theater"
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Healthcare:

Why America's hospitals are on life support
(DBN)

When Medicaid Comes After the Family Home
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COVID backlash could leave the U.S. less ready for the next pandemic
(DBN)

COVID paved the way for a new vaccine era
(DBN)

The hunt for long COVID answers zeroes in on causes
(DBN)

Symptoms of High-Functioning Anxiety You Should Know About
(DBN)

Doctors are turning medical generative AI into a booming business
(DBN)

TX: Medical Board to Make Rules on Abortions
(DBN)

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Religion:

Piety and Profanity: The Raunchy Christians Are Here
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Media:

Tucker Duped By YouTubers Into Interviewing Fake Kate Middleton Whistleblower
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Festivals:

Is This the End of Coachella?
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Student Debt:

These Public Service Loan Forgiveness applicants have seen their student debt erased
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Nursing Homes:

Dayton nursing home files for bankruptcy but is not expected to close
(DBN)

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Cannabis:

Will Bankruptcy Relief Reach Struggling Cannabis Businesses?
(DBN)

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Food/Beverage:

Dynamic Pricing Coming to Grocery Stores
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Mass Torts:

Diocese of Sacramento sets date to file bankruptcy
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SCOTUS faces dispute over insurer’s rights in asbestos bankruptcy plan
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Venue:

Rather than addressing bankruptcy and patent forum and judge shopping, on which there is a large bipartisan consensus, the Judicial Conference rushed through a botched proposal in response to political pressure and Twitter noise
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The Judicial Conference and Its Random Assignment “Policy”
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Fiduciary Duty:

Bankruptcy Fiduciaries
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Avoidance Actions:

A major Richmond startup went bankrupt. Years later, churches are paying the price.
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D&O:

Does a Del. Corp.’s Reincorporation in Another State Reduce D&O Liability Exposure?
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SCOTUS:

Supreme Court Stays Out of Dispute Over Drag Show at Texas University The Supreme Court’s puzzling decision to allow the government to ban drag shows, explained
(DBN)

Supreme Court Sets Rules for Blocking Citizens From Officials’ Social Media Accounts
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Aviation:

Boeing Criminal Inquiry Expands With Subpoenas and Grand Jury
(DBN)

Boeing is slowly breaking the airline industry
(DBN)

How to Think About Boeing's Safety Issues
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Boeing’s Pain Spreads to Travelers as Airlines Cut Back on Plans
(DBN)

Boeing Directs Airlines to Check Cockpit Seats on 787s After Latam Incident
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External panel found missing after United Airlines flight lands in Oregon
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Pharma:

Weight loss drug Wegovy, now approved for heart health, won’t get broad insurance coverage just yet
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Personal Finance:

Engaged couples are cutting back on lavish weddings
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Education:

'There is no reason for us to come'
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Sovereigns:

You need a better deal from Eurobond holders; don’t allow them to twist your arm – IMF Boss to Ghana
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UK:

Care homes on red alert for closure as bankrupt councils slash funding Vital services or financial ruin? England's town hall dilemma Birmingham council has just cut services to the bone, but its citizens can’t read all about it in print
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EU:

Europe’s top banking supervisor warns of tougher times ahead
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Canada:

A Financial Crisis May Jeopardize Local News in Most of Atlantic Canada
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MENA:

First Sea-Borne Aid Reaches Gaza Amid Fears About Security and Malnutrition
(DBN)

Israeli tank 'likely' opened fire on reporters with a heavy machine gun, says report
(DBN)

Israel’s Forces Target Hamas Activities at Gaza City Hospital
(DBN)

Hamas Softens Demand for Permanent Cease-Fire in Truce Talks, Officials Say Netanyahu calls Hamas’s demands ‘ludicrous’ and proceeds with plans for a ground invasion in Rafah Israel and Hamas set stage for new round of cease-fire talks Israel approves plan to attack Rafah but keeps truce hopes alive Rafah civilians won't be 'locked in'
(DBN)

‘They won’t die for something they’re not part of’: why Israel’s ultra-Orthodox won’t join the army
(DBN)

The U.N. has documented more than two dozen attacks on Gazans waiting for aid since January Another Gaza Aid Convoy Ends in Violence, With at Least 20 Killed Israel denies visas to aid workers in Gaza
(DBN)

‘Practically Fasting for Months’: Gazans Struggle to Celebrate Ramadan Severe Malnutrition in Young Children in Gaza Is Rising Fast, UNICEF Says Belgian PM warns Israel against using hunger as ‘weapon of war’ in Gaza
(DBN)

President Biden, You Have Leverage That Can Save Lives in Gaza. Please Use It.
(DBN)

A Watershed Moment for the Politics of Israel, Courtesy of Chuck Schumer Biden Embraces Schumer’s Speech Castigating Netanyahu Schumer’s Critique of Netanyahu Reveals a Growing Gap, Analysts Say McCaul calls Schumer’s criticism of Israel ‘very inappropriate’ and ’embarrassing’ Kirby says US has not seen Israeli plan to evacuate civilians in Rafah ahead of offensive in area Netanyahu hits Schumer over ‘totally inappropriate’ criticism, dodges questions on holding election Lieberman slams ‘outrageous’ Schumer speech: ‘I can’t ever remember anything like it’ Pelosi defends Schumer criticism of Israel: ‘Act of courage’ Netanyahu snaps back against growing US criticism after being accused of losing his way on Gaza U.S. doesn't "agree with everything" Israel does, but elections up to them: Kirby Netanyahu Vows to Continue War Despite Mounting Global Pressure
(DBN)

Trump says Israel should quickly end the Gaza war, "we need peace"
(DBN)

As Gaza war rages, U.S. military footprint expands across Middle East
(DBN)

New Palestinian Prime Minister Offers Little Hope for Change
(DBN)

Why Ireland is one of the most pro-Palestinian nations in the world
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Russia:

Putin's Election 'Win' Sparks Mockery Putin wins what Russia claims was an "election" for its presidency
(DBN)

‘Welcome to Hell’: U.N. Panel Says Russian War Crimes Are Widespread
(DBN)

Russia hit a Ukrainian port city using one of its more brutal tactics, a double-tap missile strike that kills emergency workers too
(DBN)

Ukraine launches far-ranging drone attacks on the final day of Russia’s presidential vote Moscow Airport Targeted in Kamikaze Drone Strike Rebellious Russians Stage Daring Attacks From Ukraine on Russian Soil Russia Rocked by Sixth Explosion at Oil Refinery in a Week Russia Lost 12% of Refinery Capacity in One Day
(DBN)

U.S. and Allies Warn Iran Not to Send Missiles to Russia
(DBN)

In this Ukrainian village, almost no men are left
(DBN)

Putin Is Showing Us What Homophobia Looks Like as a Weapon of War
(DBN)

The Canadian behind the West's massive sanctions on Russia says it's time for Round 2
(DBN)

EU doles out €500M for artillery ammunition and missiles as it seeks to match Russia
(DBN)

Putin tightens grip on power in Russian election but thousands join noon protest
(DBN)

Germany, France Lead Call for EIB to Step Up Defense Financing
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China:

NY Ruling on Chinese Developer Bonds Clarifies Creditor Standing
(DBN)

Practice, prospects of substantive consolidation
(DBN)

China Police Takes ‘Coercive Measures’ Against Staff at Zhongzhi
(DBN)

China retail sales show shaky economic recovery
(DBN)

Decoding Xi’s New Catchphrase Aimed at Reviving China’s Economy
(DBN)

Americans Invested Billions in Chinese Companies. Now Their Money Is Stuck.
(DBN)

China's richest man is under fire over conspiracy theories that say he's secretly promoting Japan
(DBN)

China may have found a new way to skirt US import tariffs: Go through Mexico instead
(DBN)

China's Gotion sues US township for breach of contract over $2.4 billion plant
(DBN)

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Haiti:

Haiti’s Hospitals Survived Cholera and Covid. Gangs Are Closing Them Haiti Was Doomed to End in Anarchy Hunger soars and aid dwindles as gangs in Haiti suffocate the country Haiti police try to retake port after ‘major operation’ in gang leader Cherizier’s stronghold First charter flight with U.S. citizens evacuating Haiti arrives in Miami
(DBN)

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France:

How Does Paris Stay Paris? By Pouring Billions Into Public Housing
(DBN)

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Germany:

Germany Is in Recession Due to First-Quarter Slump, Survey Shows
(DBN)

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Australia:

In a contest, costs are the deciding factor in appointment of liquidators
(DBN)

Ruling recognizes foreign representatives’ right to pursue potential claims in Australia
(DBN)


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India:

Failing Resolutions, Faltering Recovery: Unchecked Vikas of Corporate Defaulters
(DBN)

Can The BYJU’S Fight Off Bankruptcy Risks, Angry Creditors? BYJU'S Counters U.S. Court Allegations, Asserts $533 Million Safely Parked The Missing $533 Mn: BYJU’S Claims US Court Denied Relief To Creditors, Ordered Status Quo US court bars Byju's from using $533mn it borrowed
(DBN)

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