March 20, 2024

The Daily Bankruptcy News

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Law:

Kirkland’s Jamie Sprayregen Leaving Firm For Hilco Global Top U.S. bankruptcy attorney Sprayregen departs Kirkland for Hilco
(DBN)

Clifford Chance Doesn't Believe In Second Chances
(DBN)

George Mason University’s law school remains ABA-accredited after financial showing
(DBN)

Donald Trump fumes he’ll be 'forced to sell great assets' at 'fire sale prices' to make $464m bond Panic mode sets in for Trump as he faces deadline for massive bond Cohen: Trump ‘really angry’ he can’t make bond in civil fraud case Trump: Bond set in civil fraud case ‘unConstitutional, un-American’ Grisham lists properties that would ‘devastate’ Trump if seized Will Tish James Hit Trump Where It Really Hurts? What may happen if Trump can't secure $464M bond in New York fraud case Mark Cuban defends Trump after Dem lawmaker accused him of being too broke to pay $464M judgment Trump is suddenly in need of a lot of cash. That’s everyone’s problem.
(DBN)

Trump's 'parking lot lawyer' will cost him Trump Tower: Rick Wilson
(DBN)

Trump Asks Supreme Court to Immunize Him From Jan. 6 Charges Trump tells SCOTUS history suggests all presidents are absolutely immune from prosecution Poll: Most Reject Trump Immunity Claim
(DBN)

Trump Club Throws Alina Habba Under The Bus Alina Habba left dangling on the hook for fraud after latest Trump lawsuit settlement
(DBN)

Showing Up To Another Court While There's A Warrant For Your Arrest Proves A Bad Idea For MAGA Lawyer
(DBN)

What Is The World Coming To When A Former President Can't Even Blame His Lawyers For Paying Off A Pornstar?
(DBN)

Trump Sues ABC News and George Stephanopoulos for Defamation Over Nancy Mace Interview Trump completely ignores judge's finding in George Stephanopoulos, ABC defamation lawsuit
(DBN)

Trump Previews Electoral Strategy Of Shouting 'Just An ATTEMPTED Rapist' At Random Judges
(DBN)

How a sleuth defense attorney and a disgruntled law partner damaged the Trump Georgia case
(DBN)

Judge smacks down Trump's 'presence-of-counsel' defense in hush money trial Trial shocker: Jurors can hear about a 2015 Trump Tower meeting that prosecutors say was a hush-money huddle hosted by Trump Judge declines to close door on Trump’s ‘harassing’ social media posts about Stormy Daniels, Michael Cohen being used as proof of ‘consciousness of guilt’ Stormy Daniels’ doc bombshell claims: Scared of getting murdered — and ‘awful’ Trump sex
(DBN)

Democrats pick former Giuliani associate for Hunter Biden hearing
(DBN)

Trump has indefinitely delayed his Jan. 6 criminal trial. Hundreds of his supporters haven't been so lucky.
(DBN)

Cannon tells lawyers to weigh if Trump conduct can’t be reviewed by courts Mar-a-Lago Judge’s Stark Ruling: Jury Sees Secret Files or Trump Wins
(DBN)

Supreme Court opens new frontier for insurrection claims that could target state and local officials
(DBN)

Social media influencer and GOP intern charged in Jan. 6 riots
(DBN)

Fox News pulls the plug on Peter Navarro in final press conference before prison Journalist schools Peter Navarro after he dares press to 'fact check' him 'Smaller sacrifice': Peter Navarro compares himself to soldiers as he readies for prison ‘I’m pissed’: Ex-Trump aide Peter Navarro blasts justice system before heading to federal prison How Peter Navarro ended up in prison Navarro becomes first Trump White House official to report to prison over Jan. 6
(DBN)

U.S. crime rate still dropping, FBI data shows
(DBN)

Undocumented Immigrants Have Right to Own Guns, Judge Rules Supreme Court lets Texas enforce new law allowing police to arrest migrants Supreme Court allows Texas to enforce state deportation law The Supreme Court’s confusing new border decision, explained Amy Coney Barrett Warns Greg Abbott's Border Fight Isn't Over How Texas’ plans to arrest migrants for illegal entry would work Sotomayor scolds justices for 'sowing chaos' by allowing Texas to arrest illegal crossers Texas immigration law back on hold after appeals court ruling Texas border enforcement law again blocked in legal whiplash
(DBN)

Chicago sues Glock alleging easy modification to machine gun is contributing to violence
(DBN)

Supreme Court unanimously rules against government in No Fly List case Gorsuch leads unanimous Supreme Court ruling against FBI after Muslim American placed on post-9/11 no-fly list Man who claimed US wanted him to spy on mosque can pursue suit over 6-year no-fly-list status, SCOTUS says
(DBN)

Cadillac owner’s driving data was shared with insurers without his knowledge or consent, suit claims
(DBN)

Used car salesman who allegedly paid $20K to have his ex-girlfriend murdered avoids prison
(DBN)

NY man claims he was treated like ‘some kind of drug kingpin’ after 750-pound pet alligator seized: ‘Never endangered nobody’
(DBN)

Ransomware payments hit record $1.1B: Report
(DBN)

Man Allegedly Convinced Friend to Amputate His Own Legs as Part of $1.3M Insurance Scam: Authorities
(DBN)

A man is set to plead guilty in eagle ‘killing spree’ on reservation to sell feathers on black market
(DBN)

Polygamous sect member pleads guilty in scheme to orchestrate sexual acts involving children
(DBN)

Bentley driver fights off trio of would-be carjackers outside NJ supermarket in dramatic video
(DBN)

‘I’m so high right now’: Witness for the prosecution says he might fall asleep due to drug use in Young Thug RICO case
(DBN)

First of 6 ex-officers gets 20 years for torturing 2 Black men
(DBN)

Feds Warn of Cyberattacks Against Water Systems Throughout Nation
(DBN)

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Judges:

Trump uncorks multi-post early-morning meltdown on 'Crazed, Trump Hating, Rogue Judge'
(DBN)

'Legally insane': Judge Cannon's latest filing slammed by experts as 'utterly nuts'
(DBN)

The Hopes Of The Dobbs Majority 'Will Not Be Realized'
(DBN)

Even the Supreme Court’s Conservatives Are Fed Up With the Garbage Coming Out of the 5th Circuit
(DBN)

Supreme Court green lights Texas law that allows state police to arrest migrants Supreme Court Decides Texas Can Start Ignoring Supremacy Clause Because... Maybe A 'Stay' Isn't A 'Stay'
(DBN)

SCOTUS justices must list value of gifted transportation, updated rules clarify
(DBN)

Foundation Backs Away From Trampling The Memory Of Ruth Bader Ginsburg
(DBN)

Senate Democrat Concerned About Historic Muslim Judicial Nominee
(DBN)

Labor lawyer becomes first openly gay judge to join 4th Circuit
(DBN)

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Wall Street:

US futures slip ahead of Fed's rate decision
(DBN)

The stock market’s performance under Biden is now better than under Trump. But a big factor is COVID’s toll in 2020.
(DBN)

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Layoffs:

Farm work had faced disruptions for decades. Then thousands were laid off at Prima Wawona
(DBN)

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Pharma:

Drugmaker Endo receives US court approval for bankruptcy restructuring
(DBN)

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Retailing:

To Catch Retail Thieves, This Unlikely Duo Treats Them Like the Mob
(DBN)

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Personal Finance:

At 25, he decided he didn't want to be stuck in a job forever. Here's how he was able to retire by 36.
(DBN)

I managed billions at JP Morgan but lived paycheck to paycheck. I finally got control of my finances by doing these 7 things.
(DBN)

I got a 2.5% mortgage rate last year when everyone else was getting 6%
(DBN)

A California millennial started secretly working two remote jobs so he could afford the Mounjaro weight-loss drug. He's on track to make $166,000 this year and says he's lost 45 pounds.
(DBN)

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Celebs:

Shrugging Off Elon Musk's 'Western Civilization' Jab, Jeff Bezos's Ex-Wife Doubles Her Donation Efforts To $640M For 361 Nonprofits
(DBN)

Katie Price slashes OnlyFans subscription to bargain price after going bankrupt again
(DBN)

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Tech:

AI chatbots provide inaccurate election information, Former OSTP director warns
(DBN)

TikTok ban could upend global app economy
(DBN)

26 of 100 most downloaded apps in USA are foreign-owned
(DBN)

Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence
(DBN)

In AI, the big just keep getting bigger
(DBN)

Google Fined €250 Million in French Clash With News Publishers
(DBN)

Saudi Arabia reportedly in talks with Andreessen Horowitz to create a mammoth $40 billion AI fund
(DBN)

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Economy:

The economy is fantastic — unless you want a new job, a new home, or a new car
(DBN)

Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday
(DBN)

Governments Across the U.S. Are Handing Residents Cash—No Strings Attached
(DBN)

Unconventional Truth: Recessions Linked to Longer Life Expectancy
(DBN)

Progressive lawmakers renew push to increase taxes on wealthiest Americans
(DBN)

Congress rushes to ink deal averting government shutdown
(DBN)

Record numbers of wealthy Americans are looking for ways to live overseas
(DBN)

U.S. hits new low in World Happiness Report Finland world's happiest country for seventh year
(DBN)

Uber-style pricing is coming for everything
(DBN)

The fastest-growing and shrinking counties in the US
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

"The Lock-In Effect of Rising Mortgage Rates"
(DBN)

California February Existing Home Sales increase 1.3% YoY, Prices up 9.7% YoY
(DBN)

Single Family Starts Up 35% Year-over-year in February; Multi-Family Starts Down Sharply Housing Starts Increased to 1.521 million Annual Rate in February
(DBN)

Home prices have risen more than double the pace of inflation since the 1960s
(DBN)

Office owners are on 'borrowed time' as maturing debts can't be pushed off much longer, Goldman Sachs says
(DBN)

Why Zillow is worried about America’s housing market shakeup
(DBN)

Ultra-Wealthy Are Souring on Chicago’s Most Elite Neighborhood
(DBN)

WeWork Files Motion to Keep L.A. Lease
(DBN)

Creditors Try To Avoid Bankrupt Park Hyatt Vienna’s Fire Sale
(DBN)

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Municipalities:

The world’s 100 worst polluted cities are in Asia — and 83 of them are in just one country
(DBN)

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Politics:

FAU national poll finds Biden-Trump tie. State of the Union didn’t help president.
(DBN)

Texas Investment Advisers, Lawyers to Raise $6 Million for Biden
(DBN)

The Ego Has Crash-Landed
(DBN)

Undocumented immigrant says Trump is ‘racist.’ Hear why he would vote for him if he could 1:25
(DBN)

Boebert brags about scoring $20 million in earmarks that came from bill she opposed
(DBN)

Trump sparks GOP groans with "awful" remarks about Jews
(DBN)

Shadowing Trump’s attacks on mental fitness — his own father’s dementia
(DBN)

Trump's "crazies" are back in his mix
(DBN)

Trump wins 5 primaries, but protest vote looms large
(DBN)

From 'highly offensive' to 'he's not wrong,' GOP senators respond to Trump's remarks about Jewish voters 'Feeling's mutual': Jewish Democrat schools Trump after he voices contempt for U.S. Jews Trump draws ire for saying Jews who vote for Democrats hate their religion, Israel
(DBN)

Revealed: documents shed light on shadowy US far-right fraternal order
(DBN)

Donald Trump says he won’t quit NATO — if Europe pays its way Trump defends NATO threats as ‘a form of negotiation’
(DBN)

Generals once again criticize Biden’s Afghanistan withdrawal
(DBN)

Tuberville says GOP leadership should have vetted claims in Katie Britt’s speech
(DBN)

Biden-Harris campaign launches push for Latino voters One-in-five Latino adults follows the news regularly: Report Survey: Overwhelming majority of Latinos gets news on digital devices
(DBN)

Who's behind the pro-Palestinian protests disrupting Biden events and blocking city streets?
(DBN)

Elon Musk's MAGA alliance
(DBN)

Hillary Clinton: ‘Half a billion dollars’ later, only Trump can say he was better off 4 years ago
(DBN)

‘A Whole Lotta Weirdness’: The Story of the Ohio Senate Candidate and a Sex-and-Swingers Website
(DBN)

Jimmy Kimmel Stumps MAGA Fanatics With U.S. Citizenship Test
(DBN)

J.D. Vance Is No Working Class Hero
(DBN)

This state senator eviscerated Trump's voter fraud claims. Now, he's back on the Trump train.
(DBN)

No, the director of Zone of Interest did not disavow his Jewish identity at the Oscars
(DBN)

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Autos:

EV startup Fisker is getting closer to bankruptcy with a production halt and a missed payment
(DBN)

New company, Nu Ride Inc., rises from bankruptcy of Lordstown Motors Corp.
(DBN)

Trump invites Chinese to build US auto plants
(DBN)

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Movie Theaters:

National CineMedia Stock Zooms After Big-Screen Ad Firm Reports Signs Of Post-Bankruptcy Progress
(DBN)

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Climate:

Earth on brink of surpassing key warming threshold: UN weather agency
(DBN)

"Red Alert to the world": Record warmth in global oceans hits one-year mark
(DBN)

UN sounds 'Red Alert' as world smashes heat records in 2023
(DBN)

Planet 'on the brink', with new heat records likely in 2024: UN
(DBN)

Japan’s cherry blossoms are a marker of natural time — and how climate change is altering it
(DBN)

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Water:

Mexico City is running out of water, forcing many to ration
(DBN)

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Crypto:

3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going 'Bankrupt'
(DBN)

Does Sam Bankman-Fried Deserve 50 Years in Prison? DOJ's Proposed 50-Year Sentence for Sam Bankman-Fried 'Disturbing,' FTX Founder's Lawyers Say Sam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain’
(DBN)

The bankrupt crypto firm Genesis will pay the SEC $21 million over its lending program
(DBN)

US Crypto Firms Paying $300,000 Wages Leave Foreign Peers Behind
(DBN)

El Salvador's 'Bitcoin Beach' cheers cryptocurrency surge
(DBN)

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Newspapers:

Gannett and McClatchy Cut Back Relationship With A.P.
(DBN)

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Student Debt:

Student loan trusts subject to consumer protection laws, court rules
(DBN)

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Utilities:

As PREPA plan hearing ends, some observers expect overturn of lien ruling
(DBN)

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Religion:

Jewish women are on sex strike in a New York village. What’s going on?
(DBN)

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Education:

NYU urges dismissal of antisemitism lawsuit, says it acted 'decisively'
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Standing:

David Casazza on a “party in interest” in bankruptcy
(DBN)

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Mass Torts:

Justices Lean Toward Insurer in Asbestos Bankruptcy Dispute
(DBN)

High Court Should Maintain Insurer Neutrality In Bankruptcy
(DBN)

US Supreme Court appears to back insurers' participation in bankruptcy
(DBN)

Opioids judge won't oust Motley Rice but casts cloud over 'public client' business
(DBN)

Bankruptcy Court Approves New Jersey Diocese’s $87.5M Plan for Abuse Victims
(DBN)

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Indemnification:

Use It or Lose It! Indemnification Rights May Not Be Asserted against a Post-Confirmation Liquidation Trust
(DBN)

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Settlements:

Bondholders Fail to Thwart Global Settlement Approval as Bankruptcy Estate’s Largest Creditor
(DBN)

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Awards:

2024 Readers Choice Awards: Bankruptcy
(DBN)

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Aviation:

SAS receives court approval for Chapter 11 plan
(DBN)

Wilmington Trust files insolvency appeal against SpiceJet in NCLAT
(DBN)

Buttigieg says Boeing has "real concerns" with quality control
(DBN)

This electric aircraft CEO wants you to fly for the price of an Uber
(DBN)

Frontier Airlines clerk unleashes fury on ‘involuntarily bumped’ passengers after delay: ‘I will call the police!’
(DBN)

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Healthcare:

Philadelphia plans to use part of the former Hahnemann hospital as a shelter space
(DBN)

Healthcare workers without pay and worried about patients after business files for bankruptcy
(DBN)

More than 60% of US abortions in 2023 were done by pill, study shows Medication abortion makes up 63% of U.S. abortions, study finds
(DBN)

First ever over-the-counter birth control pill now sold in US and available on Amazon with Walmart & Walgreens to follow
(DBN)

Arizona lawmaker shares plan to get abortion in floor speech
(DBN)

Covid 19 Mostly Likely Originated in a Lab
(DBN)

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Sovereigns:

Sri Lanka: Dhanush, Udeni and the State Bankruptcy
(DBN)

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UK:

Major Kate Middleton security 'breach' as hospital staff 'attempted to view private medical records'
(DBN)

Expert reveals the 3 groups most likely to get into debt as Brits 'pressured' to spend
(DBN)

UK Inflation Cools More Than Expected to Slowest Pace Since 2021
(DBN)

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EU:

Europe’s soldiers keep quitting, just when NATO needs them
(DBN)

Ukraine prepares to join the EU club — but Brussels doesn’t want to talk about it
(DBN)

Lagarde Says ECB Can’t Commit to Cuts Beyond Likely June Move
(DBN)

European Stocks Drop as Luxury Sees $30 Billion Value Wipeout
(DBN)

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Canada:

Canada Has a Bankruptcy Problem: Insolvency Filings in 2023 Jump 40%
(DBN)

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MENA:

IDF says it has killed some 90 terrorists so far in Shifa hospital raid
(DBN)

Biden privately told Bibi he's not trying to push him out Israel hits Rafah from the air as U.S. urges rethink on the ground Italy opposed to Israeli ground operation in Rafah Ground incursion needed to destroy Hamas in Rafah, Netanyahu says
(DBN)

Britain's deputy PM defends Israel but calls for 'immediate ceasefire' in Gaza
(DBN)

White House will propose alternative Rafah options to Israel
(DBN)

UN: Controlling Food in Gaza May be a War Crime In Gaza, starving kids fill wards as famine sets in Doctors who visited Gaza speak of 'atrocities,' collapsing healthcare Israel allows less than half the aid convoys into Gaza in March, UN says
(DBN)

US Congress deal bars US funds to UNRWA until March 2025, sources say
(DBN)

Jared Kushner, Trump’s son-in-law, praises ‘very valuable’ potential of Gaza’s ‘waterfront property’
(DBN)

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Argentina:

Success and setbacks: 100 days of Argentina's Milei
(DBN)

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Cuba:

Cuba 'on verge of total collapse' as country hit by blackouts and runs out of food and power
(DBN)

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Russia:

Putin's war fired up Russia's economy and beat sanctions — but big problems lie ahead
(DBN)

Von der Leyen dilutes plan to use Russian assets to buy Ukraine arms
(DBN)

Graham calls for interest-free loans to Ukraine: ‘New way of doing business’
(DBN)

Germany promises Ukraine €500M more in military aid
(DBN)

US Defense Secretary Austin: We ‘won’t let Ukraine fail’
(DBN)

Why time is not on Russia’s side
(DBN)

Manchin calls for U.S. to back Ukraine or face "worst atrocity in history"
(DBN)

Ukraine’s Drone Strikes on Russian Oil Refineries Mark New Phase in War
(DBN)

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Malaysia:

Malaysia Says Goldman Lawsuit Is a Chance to Review 1MDB Deal
(DBN)

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India:

Bridge funding for real estate insolvency turning a challenge due to lack of clarity on rules
(DBN)


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Haiti:

Dominican Republic ramps up security with 100-mile Haitian border wall as gangs rampage Dead bodies on streets in wealthiest enclaves
(DBN)

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Japan:

How the Bank of Japan's plan for a smooth stimulus exit stumbled BOJ Split on When to End Negative Rates, so Ueda Bit the Bullet
(DBN)

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Germany:

Germany’s Birth Rate Plunges as War, Climate and Covid Deter Parents
(DBN)

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China:

China’s bankruptcy regime is following a steep trajectory to maturity and doomed businesses are making a revival
(DBN)

China’s Property Crisis Pushes Private Credit to Tech Sectors
(DBN)

China's birth rate has fallen so much that many hospitals are simply giving up on delivering babies
(DBN)

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