March 26, 2024

The Daily Bankruptcy News

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Law:

Legal Tech Startup Ai.law Can Now Draft The Complaint For Your Lawsuit
(DBN)

LinkedIn Activism Is Cool, But We'd Rather See You Actually Hire Diverse Applicants
(DBN)

Price To Practice In California Won't Be As Steep As You Thought
(DBN)

Landmines In Bankruptcy Appellate Practice, Part III
(DBN)

Law student’s suit alleges Chicago Bears didn’t hire him as ‘legal diversity fellow’ because he is white man
(DBN)

Law Student, 28, Sets a No-Men Rule for Herself After 'Miserable' Dating Experience: 'Never Been Happier'
(DBN)

Court clerk at center of Alex Murdaugh new trial drama resigns
(DBN)

Trump appears in court for NY criminal case Trump’s New York hush money case is set for trial April 15 Trump’s first criminal trial is now set for April 15 Trump seethes after New York trial set for April 15 Let The Countdown To The Trump Trial Begin!
(DBN)

Judge Takes One of Trump’s Lawyers, Todd Blanche, To Task
(DBN)

Rudy Giuliani telling Mar-a-Lago pals he’s trapped in ‘nightmare world,’ ‘can’t believe it’s real’ as he faces bankruptcy, legal woes It’s payback time for Rudy Giuliani; Creditors want his luxury Palm Beach condo, hidden assets
(DBN)

Trump New York hush money judge furiously rejects defense claims about federal documents
(DBN)

The Supreme Court will weigh in on the January 6 insurrection. What could possibly go wrong?
(DBN)

Trump lawyers repeat losing arguments from Mueller probe to challenge Jack Smith authority
(DBN)

Jeffrey Clark Discipline Fight Could Feature Rosen, Meese, Gaetz
(DBN)

Sheriff used 'Kraken' lawyer Dominion leaks to justify criminal probe to Jim Jordan: Docs
(DBN)

Jordan, Comer threaten Garland with contempt over Hur materials House Impeachment Wants To Phone A Friend. And That Friend Is Merrick Garland.
(DBN)

It's civil 'judgment' day for Trump, but don't expect padlocks and a sheriff's sale just yet Voters split over whether Trump should pay $454M bond: Poll N.Y. appeals court reduces Trump's bond in his civil fraud case to $175 million, a victory for the former president Court agrees to block collection of Trump’s massive civil fraud judgment if he puts up $175M Trump Bond Cut By 68% to $175 Million as He Appeals NY Fine New York appellate court’s ruling to reduce Trump’s bond is ‘highly unusual,’ legal expert says Former RNC chair: Trump bond decision ‘makes absolutely no sense’ Trump lawyer Alina Habba eviscerates NY AG Letitia James and tells her to 'take a little piece of humble pie Can Trump use campaign funds to pay his $454 million civil fraud debt? Absolutely not Trump just got a huge 62% discount on his bond. That's extremely rare, legal experts say.
(DBN)

Trump’s Net Worth Hits $6.4 Billion, Making Him One of World’s 500 Richest People
(DBN)

Biden was planning executive action on the border. Now he’s gone silent.
(DBN)

Feds recently sought information about Jim Biden’s business dealings in 2 cases
(DBN)

Federal judge dismisses Musk lawsuit against hate-speech watchdog
(DBN)

Diddy's homes in L.A. and Miami are raided by Homeland Security as part of 'sex trafficking probe' after mounting lawsuits
(DBN)

Producer who accused Sean ‘Diddy’ Combs adds Cuba Gooding Jr. to sexual assault, harassment lawsuit
(DBN)

'Very nice gentleman' accused of killing his wife, staging burglary to cover it up
(DBN)

It’s a crime to cheat on a spouse in N.Y. The law might soon change
(DBN)

Marriage is no longer considered a defense to sexual assault in West Virginia
(DBN)

Man who massacred neighbor's entire family over alleged flashing incident learns his fate
(DBN)

DNA from cigarette butt, styrofoam cup lead to arrest in unsolved Pennsylvania slaying
(DBN)

Sex trafficker stuffed murdered teenager into luggage, discarded in wildlife preserve
(DBN)

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Judges:

Jackson Walker in Legal Hot Seat Following Judge Romance Scandal Jackson Walker Moves to Toss Shareholder Suit Over Judge Romance Jackson Walker Asks for Dismissal of Suit Seeking Fee Disgorgement From Bankruptcy Matter
(DBN)

Retired Justice Stephen Breyer warns "law will turn into chaos" if Supreme Court overturns too many cases Retired Justice Stephen Breyer discusses new book in interview with ABA Journal Stephen Breyer Sounds Off On Supreme Court Term Limits, Age Limits For Justices A Supreme Court Justice Sounds a Warning Breyer Reflects on Bush v Gore
(DBN)

The Supreme Court is broken — we need Congress to fix it
(DBN)

The Latest Supreme Court Disclosure Change Is B-------
(DBN)

Trump Attorneys Try To Pander To Justice Kavanaugh, Fail
(DBN)

7th Circuit nominee faces questions about motions backlog
(DBN)

Federal judges end 'oral-argument affirmative action,' leading Stephen Miller group to declare victory
(DBN)

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Wall Street:

Stock futures rise as Wall Street looks to continue record-setting rally
(DBN)

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Layoffs:

Ericsson Cuts 1,200 Jobs to Cope With Lower Sales
(DBN)

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Politics:

Trump: 'I Am Christ'
(DBN)

Trump has embraced Jan. 6. The extremist message may alienate — or resonate
(DBN)

Trump tells ‘mind-bogglingly nonsensical’ story about the New York Stock Exchange
(DBN)

Biden-Trump rematch tightens: Poll
(DBN)

Inflation, immigration top concerns among voters: poll
(DBN)

‘Don't have enough’: Wealthy Trump allies balk at helping Donald pay legal bills
(DBN)

‘There’s going to be a problem’: House GOP ramps up Speaker Johnson pressure after budget saga Mike Johnson has frustrated the GOP in similar ways as Kevin McCarthy. But he's hanging on to his leadership role — for now NY Republican says House could ‘end up having a Speaker Hakeem Jeffries’ as GOP majority narrows
(DBN)

GOP Lawmakers Lick Their Lips for Big Changes in New Trump Term
(DBN)

Biden trolls Trump over golf ‘championship’ trophies: ‘Quite the accomplishment’
(DBN)

Biden builds machine to attack RFK Jr. Robert F. Kennedy Jr. flirts with the Libertarian nomination
(DBN)

Greene: GOP’s Gallagher should be expelled in time for special election
(DBN)

The Group Behind Dobbs Does Not Want to Talk About What Comes Next
(DBN)

Texas army veteran legally changes his name to Literally Anybody Else as he launches long-shot presidential bid for voters who are fed up with Biden and Trump
(DBN)

The DOJ is investigating dozens of threats against election workers
(DBN)

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Media:

Shards of glass: Inside media's 12 splintering realities
(DBN)

NBC is in uproar over Ronna McDaniel's hiring Morning Joe serves notice Ronna McDaniel is banned after playing supercut of falsehoods NBC's McDaniel mess threatens to explode Why Chuck Todd’s Scorcher Against NBC Matters Ronna McDaniel said the quiet part out loud on NBC
(DBN)

Why investors think Reddit is worth $1 billion more than The New York Times
(DBN)

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Tech:

Monopoly nation: How Big Tech's global power has lifted the U.S. stock market
(DBN)

How AI could explode the economy
(DBN)

Glassdoor is adding users' full names to their profiles – and some say that's a 'betrayal of trust'
(DBN)

Florida’s DeSantis signs one of the country’s most restrictive social media bans for minors
(DBN)

Trump’s Social Media Company Is Set to Trade Tuesday on Nasdaq
(DBN)

Blacklisted Tech Firm Sandvine Taps Advisers to Tackle Debt Pile
(DBN)

No. 1 Biglaw Firm In The Country To Represent Apple In Government's Antitrust Suit
(DBN)

Trump’s Truth Social is going public today. Experts warn $9 billion valuation defies logic The last time Trump took a ‘DJT’ business public, it ended up in bankruptcy
(DBN)

Millions in US Caught Up in Chinese Hacking Plot
(DBN)

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Economy:

Fed’s Cook Emphasizes Need for ‘Cautious’ Approach to Rate Cuts
(DBN)

Fed’s Bostic Repeats Expectation of Just One Rate Cut This Year
(DBN)

Fed officials are now considering fewer rate cuts
(DBN)

Fed’s Goolsbee Sees Three Rate Cuts This Year as Inflation Cools
(DBN)

US 2024 Growth Outlook Goes From Gloom to Bloom in Six Months
(DBN)

Pawn shops know something about the US economy that Biden doesn't: Times are still tough
(DBN)

Biden, Promising Corporate Tax Increases, Has Cut Taxes Overall
(DBN)

Trump tax cuts set to expire – will you be affected?
(DBN)

Junk Market Flashes Warning as Fed Eyes Higher Rates for Longer
(DBN)

Junk Issuers Rush to Refinance With Spreads Lowest Since 2022
(DBN)

Only one generation has the skills needed to launch a successful new business
(DBN)

Biden signs $1.2 trillion spending package for government funding until October
(DBN)

In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion
(DBN)

The era of "climateflation" is here, study shows
(DBN)

For Gen Z, side hustles are for the job you actually care about
(DBN)

Biden, Trump keep it vague on looming Social Security insolvency crisis
(DBN)

Why the tables turned, leaving conservatives as loser in spending fight
(DBN)

HP CEO Wants Printing to be a Subscription
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Commercial Real Estate Partnership Cancellation of Debt Income
(DBN)

Adam Neumann offers $500m for WeWork Ousted WeWork Co-founder Bids To Buy Company Neumann makes $500 million bid for WeWork, could hit $900 million if financing, diligence firm up
(DBN)

US New-Home Sales Eased in February, Suggesting Uneven Recovery Sales of new US homes edge down unexpectedly in February
(DBN)

Home price growth is back at pre-pandemic levels. Here’s what that means for buyers and sellers
(DBN)

Why buying a home isn't likely to get much cheaper even under Biden's housing plan
(DBN)

Over half of homeowners fear impact of climate change on property: Survey
(DBN)

Black Couple Who Said an Appraisal of Their Home Was Biased Settle Lawsuit
(DBN)

Jacksonville: Developer behind Berkman Plaza II files for bankruptcy, pauses planned auction
(DBN)

Flushing Property Changes Hands for $23M in Bankruptcy Auction
(DBN)

Maryland Supreme Court rules against Donald Trump son-in-law Jared Kushner’s apartment company
(DBN)

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Municipalities:

Detroit Wins Investment Grade Rating a Decade After Bankruptcy City of Detroit credit rating makes remarkable comeback 10 years after bankruptcy
(DBN)

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Religion:

Gallup: Church Attendance Has Declined in Most U.S. Religious Groups
(DBN)

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Climate:

Biden admin plans historic $6 billion industrial carbon offensive
(DBN)

Fire suppression is exacerbating wildfire severity in the US West: Study
(DBN)

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Healthcare:

Supreme Court’s abortion pill case could have sweeping consequences What's at stake in the Supreme Court mifepristone case The Supreme Court will now have to deal with the consequences of its Roe v. Wade ruling Medication abortion case threatens ‘seismic shift’ in FDA drug approval process, experts warn
(DBN)

Use of Abortion Pills Has Risen Significantly Post Roe, Research Shows
(DBN)

US hospitals ad billions of dollars in 'facility fees' to routine medical bills
(DBN)

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Consumer Finance:

Consumer Lender Curo Goes Bankrupt as Debt Pile Takes Toll Consumer Lender CURO Group Files For Chapter 11 Bankruptcy Protection
(DBN)

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Labor:

Volkswagen Tennessee Workers Will Vote on Joining UAW Union April 17 to 19
(DBN)

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Autos:

Fisker Talks With Automaker End, Raising the Risk of Bankruptcy Fisker shares halted as EV company navigates uncertain future Fisker warns of possible ‘event of default’ following NYSE move to delist stock Bankruptcy ‘inevitable’ as Fisker deal talks with big carmaker collapse
(DBN)

China says it has filed a complaint at the World Trade Organization over US subsidies for electric vehicles
(DBN)

Bankrupt startup Arrival sold its assets to Canoo
(DBN)

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Food/Beverage:

“Zombie brand” Red Lobster flips CEO position to turnaround specialist
(DBN)

More brewery, beer brands file Chapter 11 bankruptcy, face closure
(DBN)

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Apparel:

Millennial activewear brand Outdoor Voices is on the verge of bankruptcy after abruptly closing all its stores: ‘Our chairwoman was posting cat memes the day we were told’
(DBN)

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Banking:

Bank Failures and Lessons Learned
(DBN)

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Maritime:

Major bridge in Baltimore collapses after being hit by a ship The search continues for at least seven missing people, but that number could change as it’s a ‘very large incident,’ fire chief says Video of Ship Striking Bridge Shipping giant Maersk confirms it chartered ship that collided with Baltimore bridge
(DBN)

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Nursing Homes:

Petersen bankruptcy likely to involve selling facilities to multiple buyers: lawyer
(DBN)

2 senior living companies file for Chapter 11 bankruptcy protection
(DBN)

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Education:

Amid book bans, DEI cuts and 'Don't Say Gay' laws, 7 states will mandate LGBTQ-inclusive curricula
(DBN)

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Private Equity:

Private Equity Firms Strengthen Grip on Struggling Renewables Firms
(DBN)

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Fraud:

Lambos. Jewels. How ‘easy money’ from Uncle Sam made Miami a feast for PPP fraudsters
(DBN)

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Celebs:

‘It’s mine and nobody can take it away’ insists Katie Price as she launches into rant about Mucky Mansion and bankruptcy
(DBN)

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Insurance:

Vesttoo bankruptcy plan moves along with new court nod
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (51 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (12 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Forum Shopping:

Civil Judge Shopping Reform:  What Can We Learn on Bankruptcy?
(DBN)

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Bankruptcy Alternatives:

Assignments for the Benefit of Creditors – an often-overlooked state law alternative to Chapter 7 bankruptcy
(DBN)

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Mediation:

Lessons from Mediation in United States Chapter 11 Cases
(DBN)

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Corporate Governance:

Corporate Insolvency: Why are directors afraid of help? Preliminary study on the stigma associated with corporate insolvency
(DBN)

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Mass Torts:

‘The Truth vs. Alex Jones’: How Sandy Hook lies got peddled for profit ‘It got vile very quickly’: how Alex Jones turned a tragedy into a battleground
(DBN)

'I Was Kind of Dumb-Founded': J&J Lawyers Testify in Talc Disqualification Hearing
(DBN)

Oral arguments on insurers' rights during bankruptcy intrigue experts
(DBN)

Georgia-Pacific spinoff urges US Supreme Court to skip review of Texas two-step tactic
(DBN)

____________

Appeals:

Administrative Stays: Supreme Court’s Texas Order Highlights Abuse of Dubious Shortcut
(DBN)

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Aviation:

Boeing CEO to step down in broad management shakeup as 737 Max crisis weighs on aerospace giant Boeing’s Board Plans to Meet Airline Chiefs Without CEO Calhoun ‘A Complete Decapitation’: Three Top-Level Executives at Boeing Resign Amid Safety Concerns Following Alaska Airlines Blowout Boeing timeline: Tracking the fallout of the door plug blowout Boeing just pulled a classic corporate America move and promoted a woman to clean up its mess Boeing Execs Shown the Door .... Kinda
(DBN)

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Crypto:

FTX to Sell Majority of Stake in Anthropic for $884 Million FTX to Sell $884M of Anthropic Shares to Two Dozen Institutional Investors
(DBN)

Law firm conflicts ‘permeated FTX’s bankruptcy’, professors allege
(DBN)

FTX Bankruptcy Claims Surge in Value: Bids Now Approach 93 Cents on the Dollar
(DBN)

Millions Fleeced from FTX, BlockFi Creditors’ Wallets in Elaborate Email Scam
(DBN)

Terraform Goes on Trial as Do Kwon Awaits Extradition in Montenegro SEC Says Terraform Labs and Its Founder Built 'House of Cards' as Civil Fraud Trial Opens
(DBN)

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Agribusiness:

New book details how ‘barons’ took over American agriculture
(DBN)

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Sovereigns:

Zambia Agrees Deal With Bondholders, Key Win in Years-Long Saga Zambia Bonds Gain as Moody’s Sees Debt Talks Unlocking Growth Zambia Reaches Key Debt Agreement With Its Private Creditors
(DBN)

Senegal’s Bonds Sink as Investors Weigh Opposition’s Electoral Momentum
(DBN)

Pakistan seeks long-term IMF bailout to fix broken economy
(DBN)

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UK:

Amanda Staveley faces £3.5mn bill after court loss against shipping tycoon Newcastle United co-owner loses in bankruptcy row with Greek shipping tycoon Explained: Amanda Staveley’s court defeat and what it means for Newcastle United’s co-owner
(DBN)

Judge who called trans campaigner a 'stupid, condescending fool' on social media acted in an 'offensive manner', justice chiefs rule
(DBN)

Julian Assange wins temporary reprieve from extradition as U.K. court asks U.S. for assurances
(DBN)

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Canada:

Black Press closes sale of company; emerges from creditor protection
(DBN)

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Russia:

Putin expected to use deadly Moscow attack to Russia’s advantage, whoever’s to blame In Russia, Fingers Point Anywhere but at ISIS for Concert Hall Attack Putin seeks to tie concert hall attack to Ukraine despite ISIS claim Putin scrambles to save face after ignoring US warning of ISIS attack Putin's weaknesses, exposed Macron says IS branch carried out Moscow attack, group had attempted attacks in France The Moscow terror attack could drive a wedge between Russia and one of its longtime allies 4 accused in Russia concert hall attack appear in court, apparently badly beaten Moscow Bloodshed Brings Islamic State Back Into Global Focus ISIS threatens revenge on Putin for torturing terror suspects after ‘killers’ beaten, electrocuted & ‘force-fed ear’ Putin blames ‘radical Islamists’ for Moscow attack while suggesting Ukraine link
(DBN)

Indian refineries are completely refusing oil from a key Russian shipping giant
(DBN)

Vowing the U.S. Will ‘Do Our Job,’ Johnson Searches for a Path on Ukraine Ukraine aid in limbo as Congress begins two-week recess
(DBN)

‘Give us the damn Patriots’: Ukraine needs air defenses now, minister says
(DBN)

____________

MENA:

UN Security Council approves Gaza cease-fire resolution as US abstains Netanyahu Cancels U.S.-Israel Meetings on Rafah, to Protest U.N. Resolution American officials perplexed by Netanyahu's decision to cancel delegation visit Israel pushes back on UN ceasefire call; Gallant: We’ve ‘no moral right’ to end war Israel Isolated as UN Demands Ceasefire ‘An extraordinary thing’: U.S. break with Israel on UN cease-fire vote triggers Netanyahu rage
(DBN)

Trump Urges Israel to ‘Finish Up Your War’ Trump says Israel made ‘very big mistake’ with Gaza destruction
(DBN)

UN chief urges massive Gaza aid flow, sees ‘dramatic starvation’ Gaza’s risk of famine is accelerating faster than anything we’ve seen this century
(DBN)

Netanyahu government under threat over military exemption for ultra-orthodox Jews
(DBN)

____________

China:

Yet Another Biglaw Firm Is Closing Down Offices In China
(DBN)

Andrew Left, Banned for Evergrande Warning, Now Wants an Apology
(DBN)

Biden administration to accuse Chinese hackers of targeting US companies in espionage campaign
(DBN)

China pushes banks to speed approvals of new loans to private developers, say sources
(DBN)

____________

France:

France raises security risk to highest level months before Olympics
(DBN)

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Sweden:

Intrum Creditors Split, With a Group Picking Weil for Debt Talks Debt Collector Intrum Says It Has Cash to Pay Looming Maturities
(DBN)

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Brazil:

Delinquencies Topping 60% Spell Trouble for Brazil’s Fintechs
(DBN)

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Spain:

Adler: A Spanish Perspective
(DBN)

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India:

IBBI amends insolvency resolution rules
(DBN)

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Mexico:

5 arrested for allegedly trafficking over 100 US firearms over border for Mexican cartel
(DBN)

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