March 4, 2024

The Daily Bankruptcy News

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Law:

Top 20 Biglaw Firm Hits Record Revenue For The 10th Year In A Row
(DBN)

A&O Shearman Names Its First Global Leadership Team
(DBN)

How lawyers can use Substack to generate business
(DBN)

Overcoming poverty and addiction, he passed the bar exam. Then his prescription got in the way.
(DBN)

Today Elon Musk Breaks ... Civil Procedure! And Maybe The NLRB!
(DBN)

Cheat Code: How Will AI Affect Legal Research & Writing?
(DBN)

Texas DA who brought charges against woman for self-managed abortion placed on ‘probated suspension,’ fine issued
(DBN)

The anti-abortion playbook for restricting birth control
(DBN)

Lawyer Compares Bank Robbery Plea To Super Bowl Champs Because... Reasons
(DBN)

Referring Clients Can Have Negative Consequences
(DBN)

AI Helps Litigation Funders Mine Court Dockets for Legal Gold
(DBN)

Lawyers who sunk Elon Musk's big pay package are now asking for nearly $6 billion worth of Tesla stock. Musk doesn't seem happy.
(DBN)

Musk Taps '$5 Billion Man’ Chu for OpenAI, Altman Lawsuit
(DBN)

The Enormous Pressures About to Land on Judge Tanya Chutkan
(DBN)

Appeals court ruling means over 100 Jan. 6 rioters may be resentenced Brass knuckle glove-wearing ex-sheriff's deputy sentenced for assaulting cops on Jan. 6 Writer for conservative media outlet surrenders to face charges in Jan. 6 riots Chimney repairman who smoked pot in senator's office on Jan. 6 gets prison time
(DBN)

Durbin says Supreme Court’s decision to take up Trump’s immunity ‘disappointment’ for delaying case
(DBN)

Raskin on SCOTUS decision to take up Trump immunity claim: ‘We don’t have a king here’
(DBN)

Fulton County DA's office struggles on the facts and law in disqualification hearing Defense calls out Fani Willis and Trump RICO case special prosecutor in closing arguments Trump rails against Willis, Wade as judge weighs disqualification over relationship
(DBN)

Jack Smith goes after Trump claim DOJ violated own rules by prosecuting close to election
(DBN)

E. Jean Carroll Shreds Trump's Claim That He's Too Rich To Post Bond E. Jean Carroll expresses ‘very serious concerns’ Trump won’t pay $83M judgment
(DBN)

Trump lawyers seeking to expose witness names call it 'absurd' to say they don't care
(DBN)

What if Trump is in Prison and Elected President?
(DBN)

Florida judge considers timing of Trump classified docs case, does not issue ruling Stephen Miller's legal group seeks Mar-a-Lago judge's permission to float NARA narrative
(DBN)

Trump trials timeline: Jan. 6, Georgia and docs cases all in limbo
(DBN)

'He needs to be aggressively muzzled': Insiders say Trump's killing defense lawyers' work
(DBN)

Giuliani appears to give up on 'Russian pawn' defamation suit against Biden
(DBN)

Supreme Court decision on Trump’s 14th Amendment case could come Monday US Supreme Court to issue ruling; Trump ballot case looms
(DBN)

Migrant backlog to hit 8 million under Biden by October, data reveal Georgia state House passes bill allowing police to arrest anyone suspected of being in country illegally Mayorkas takes aim at Abbott over southern border: ‘He couldn’t be more wrong’ Trump warns of 'languages coming into our country' that 'nobody' has heard of Senate Democrat calls Trump border speech ‘disgusting’ and ‘racist’ Georgia student’s death emerges as touchstone in immigration battle America has a good model for how to handle immigration: America
(DBN)

"Department of Life": Trump allies plot abortion crackdown for second term
(DBN)

CVS and Walgreens to start selling abortion pills
(DBN)

After impeachment acquittal, Texas AG Paxton out for revenge
(DBN)

Republicans Hatched a Secret Assault on the Voting Rights Act in Washington State
(DBN)

‘Rust’ armorer faced tearful testimony and claims of ‘unprofessional’ handling of guns in first week of trial
(DBN)

Victim's family and friends taunt man who killed her for turning into wrong driveway
(DBN)

Ex-school bus driver accused of setting fire to buses, one filled with students, as he drove
(DBN)

Man arrested after trying to steal a self-driving taxi in LA
(DBN)

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Judges:

Law firm was urged to disclose partner's romance with Texas judge, US Trustee says
(DBN)

Federal Judge Benchslaps Former Law Student: 'This Isn't A Game'
(DBN)

The courts were never going to save America from Donald Trump
(DBN)

As threats against judges soar, some speak out
(DBN)

Special Masters Are Needed In Bankruptcy, Part 3: Evolution Of Bankruptcy Referees And Courts Show Why Needed
(DBN)

Thousands Sign Christian Petition Rebuking Clarence Thomas and Samuel Alito
(DBN)

Maine Judge Rushes Solution To Lack Of Public Defenders
(DBN)

Calling Out A Judge Using Your Firm's Letterhead Doesn't Really Help Out Its Reputation
(DBN)

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Wall Street:

U.S. stock futures muted with Fed policy cues, data in focus
(DBN)

US stocks rise to fresh records on tech-fueled rally while investors sift through Fedspeak
(DBN)

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Layoffs:

The jobs market is hot, but layoffs keep coming in a shifting economic environment
(DBN)

YouTube Music team laid off by Google while workers testified to Austin City Council about working conditions
(DBN)

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UST:

How the U.S. Trustee Program and Trustees Promote Diversity and Inclusion in the Bankruptcy System
(DBN)

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Agribusiness:

Texans reeling from wildfires assess catastrophic damages, impact on cattle industry Wildfires ravage cattle country, threatening Texas’ agriculture economy Wildfires have devastated the Texas cattle industry
(DBN)

After years of rapid growth, California's almond industry struggles amid low prices
(DBN)

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History:

An attack on the Capitol 70 years ago set the stage for Jan. 6 cases
(DBN)

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Gambling:

Turns out sports gambling was a gateway drug
(DBN)

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Tech:

NerdWallet says it did not file for bankruptcy, citing a fraudulent filing
(DBN)

Elon Musk just threw down the gauntlet at Sam Altman, and there's no going back Musk vs. moguls: Billionaire rivalries erupt in fight for AI's future
(DBN)

Former 'apprentices' and Trump Media cofounders file lawsuit claiming company execs tried to dilute their stake ahead of a potential merger
(DBN)

Facial recognition tech is probably coming to a lot more vending machines
(DBN)

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Pharma:

Judge denies AstraZeneca’s lawsuit against Medicare negotiation
(DBN)

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Education:

University of Florida eliminates all diversity, equity and inclusion positions due to new state rule
(DBN)

Christian school principal and teacher wife sexually abused student for 4 years: Deputies
(DBN)

In Texas races, Gov. Abbott targets fellow Republicans who oppose vouchers
(DBN)

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Economy:

U.S. consumer sentiment down slightly in February
(DBN)

Americans’ cost of living remains a massive headache, even as recession fears fade
(DBN)

How the Fed can avoid a 2019 balance sheet repeat
(DBN)

Gavin Newsom says Panera not exempt from California minimum wage law
(DBN)

Rich Countries Are Becoming Addicted to Cheap Labor
(DBN)

Gen Z is confident in its ability to build up wealth — at least the rich ones are
(DBN)

Millennials could become the richest generation ever — but only if they already come from money
(DBN)

VIPs only: Why the exclusivity economy is booming
(DBN)

Veteran Basic Income could be the solution the VA has been searching for America's $125 million 'guaranteed income' giveaway
(DBN)

Return-to-Work Policies Latest Culture War Flashpoint
(DBN)

A Gen Xer who made over $300,000 secretly working 3 jobs at the same time says overemployment allowed his partner to stop working and paid for a $20,000 cruise
(DBN)

See which states have introduced or passed anti-DEI bills
(DBN)

Congress unveils long-awaited funding bills ahead of shutdown threat Schumer on 6-bill minibus: Proud to keep government open ‘without cuts or poison pill riders’
(DBN)

Banking on the next US financial crisis
(DBN)


One woman saw the Great Recession coming. Wall Street's boys club ignored her.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Realtor.com Reports Active Inventory UP 17.8% YoY; New Listings up 11.9% YoY
(DBN)

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’
(DBN)

The office market is in trouble. Here's what real estate experts say all that space could be used for instead.
(DBN)

The 3 states where 'Big Short' investor Kyle Bass is buying real estate to capitalize on migration trends
(DBN)

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Banking:

Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street
(DBN)

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Food/Beverage:

His artisanal marshmallows were the greatest. Then he tried to scale them.
(DBN)

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Healthcare:

A crucial abortion access lifeline is hanging by a thread
(DBN)

Why successful IVF often requires making multiple embryos for one baby Haley calls for ‘protections’ for embryos but says she supports IVF as it’s practiced in U.S. What Alabama’s IVF ruling reveals about the ascendant Christian nationalist movement
(DBN)

Deaths from drinking surged during pandemic: CDC
(DBN)

Ransomware attack wreaks havoc on prescription payments
(DBN)

How hospitals are fighting to keep their former doctors from seeing patients
(DBN)

Florida's Measles Response is Embarrassing
(DBN)

1 in 8 worldwide qualify as obese: Research
(DBN)

LGBTQ organization sues Texas AG over youth transgender records probe
(DBN)

An anxiety drug has been linked to soaring overdoses. What’s going on?
(DBN)

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Climate:

Texas wildfire, largest in state history, threatens to grow Sunday Texas wildfire: strong winds continue to thwart firefighters’ efforts to contain blaze Texas firefighters battle flames stoked by strong winds as warnings are issued across the region Texas Wildfires: 500 Structures Destroyed Greg Abbott's Priorities Questioned as Record Wildfires Intensify in Texas
(DBN)

How a warming climate is setting the stage for fast-spreading, destructive wildfires
(DBN)

February's extreme weather and climate events reshaped U.S. winter
(DBN)

The world's energy transition is highly uneven, new report finds
(DBN)

California monster blizzard batters Tahoe, Mammoth, Sierra amid avalanche warnings, 190mph winds
(DBN)

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Utilities:

New lawsuit accuses utility company of causing Texas wildfire, report says
(DBN)

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Media:

New York Times accused of racial targeting in leak hunt over Israel stories
(DBN)

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Water:

Mexico City Close to Running Out of Water
(DBN)

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Politics:

GOP senators face Trump civil war with McConnell retiring GOP senators caution Trump about getting involved in McConnell succession race Mitch McConnell: Hero or Villain? Ron Johnson leaves open door to running for Senate GOP leader Senate Republican says McConnell successor needs to ‘stand his own ground’ on Trump
(DBN)

Trump supporters target black voters with faked AI images
(DBN)

Big Biden bummer: N.Y. Times/Siena poll shows gaps with key Democratic groups Voters Doubt Biden’s Leadership and Favor Trump, Times/Siena Poll Finds Majority of Biden’s 2020 Voters Now Say He’s Too Old to Be Effective
(DBN)

Voters Are More Upbeat on Economy, but Biden Gets Little Benefit, WSJ Poll Shows
(DBN)

Biden barely beats Trump on saving democracy in 2024: CBS poll
(DBN)

4 Reasons the Latest Polls are Awful for Biden
(DBN)

‘SNL’ pokes fun at Biden’s age in cold open
(DBN)

Trump calls GOP candidate with a history of offensive remarks 'Martin Luther King on steroids'
(DBN)

'Crowd goes silent' as Trump again confuses Biden and Obama at Virginia rally 'Venezwheregullah': Trump's most ridiculed 'short circuits' from North Carolina rally
(DBN)

Jill Biden puts Donald Trump on notice as her campaign role comes into focus
(DBN)

Trump says Texas governor is on shortlist for VP
(DBN)

Jeffries declines to take position on saving Speaker from conservative coup
(DBN)

Cardin says bipartisan border security deal ‘only’ failed because of Trump 'He told you guys to kill a border deal': Fox News host schools Byron Donalds on Trump Murphy says Republicans ‘want the border to be a mess’
(DBN)

Haley rules out a No Labels bid for president McConnell and Haley fight losing battles against Trump’s ‘America First’ worldview Haley looks to beat expectations against Trump in Virginia Haley targets Trump over recent GOP losses: ‘Everything Donald Trump does, he loses’ Trump allies dismiss Haley’s path to nomination Nikki Haley says she’s no longer bound by RNC pledge to endorse Trump if he wins Nikki Haley could get ‘buried in a delegate avalanche’ on Super Tuesday Haley wins DC GOP primary Trump campaign press secretary on Haley DC win: ‘The swamp has claimed their queen’
(DBN)

The 'uniparty'? Conservatives bash bipartisanship by attacking fellow Republicans
(DBN)

Trump wins Missouri, Idaho caucuses; Sweeps Michigan convention A chunk of Republican primary and caucus voters say they wouldn’t vote for Trump as the GOP nominee
(DBN)

How a tycoon is shaping American politics from the grave
(DBN)

How a laid-back beach town became California’s MAGA stronghold
(DBN)

The turnout gap between white and Black voters is growing, study finds
(DBN)

Trump’s White House Was ‘Awash in Speed’ — and Xanax
(DBN)

Texas Newspaper Issues Warning About Secession
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Chapter 11 Filings Increase Rapidly in the Fourth Quarter of 2023; The Healthcare Index reaches its highest point ever.
(DBN)

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Cross-Border:

Silicon Valley Bank Liquidators Denied Chapter 15 Recognition, But They Fight On.
(DBN)

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Miscellaneous:

The Restructuring Outlook in Australia, Asia Pacific and the US in 2024
(DBN)

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Mass Torts:

A Plaintiff’s Blueprint to Defeating the 'Texas Two-Step' Divisive Merger Bankruptcy Maneuver in Mass Tort Litigation
(DBN)

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Aviation:

How Much Money Does SpaceX Make?
(DBN)

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Retailing:

Crafts retailer Joann said to be considering a bankruptcy filing Crafts Retailer Joann Is Planning a Bankruptcy Filing That Would Hand Keys to Lenders
(DBN)

Amazon's average customer is a white Gen X woman who spent $2,662 there last year
(DBN)

Why stores and brands are shrinking product options
(DBN)

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Personal Finance:

Retiring early is a dream for many. In reality, some regret it.
(DBN)

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Crypto:

FTX Issues Caution on Investment Manager as Bankruptcy Settlement Advances
(DBN)

FTX liquidator requests electronic claims from creditors by May 15
(DBN)

FTX Sets Claim Window Prices for Major Cryptocurrencies Below Market Rates
(DBN)

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Autos:

Fisker Warns It Might Go Out of Business, Again Nissan, Fisker in Advanced Talks
(DBN)

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Social Media:

Legal Hurdles Mount for Trump's Truth Social
(DBN)

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Movie Theaters:

Poor Box Office Sends 100-Year-Old Theater Chain Into Bankruptcy
(DBN)

Bey and Tay save the movies! AMC says 'literally all' of its Q4 revenue growth was from their concert films.
(DBN)

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UK:

UK terror threat highest since 9/11
(DBN)

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MENA:

Israel says no more talks until Hamas provides list of hostages still alive in Gaza
(DBN)

Israel may have just torched its relationship with Russia, promising to supply Ukraine with 'early-warning systems'
(DBN)

Biden says U.S. will begin airdropping aid into Gaza in the coming days U.S. makes first airdrop in Gaza Biden's airdrops to Gaza bitterly divide pro-Israel lawmakers Israel says it helped the US coordinate the delivery of humanitarian aid into Gaza Vital humanitarian aid intended for Gaza being obstructed by Israel, CNN investigation finds Child deaths in Gaza likely to ‘rapidly increase’ amid obstacles to aid: UNICEF
(DBN)

Pro-Israel Democrats push Biden for temporary Gaza ceasefire
(DBN)

Permanent ceasefire needed for Hamas to agree to hostage deal
(DBN)

Israel agrees to framework of proposed 6-week cease-fire in Gaza: Report US says Israel has agreed to the framework for a Gaza cease-fire. Hamas must now decide Harris calls for immediate cease-fire ‘for at least the next six weeks’ in Gaza Harris Issued Sharp Rebuke to Israel
(DBN)

Biden to hostage-ceasefire negotiators: Get me a deal
(DBN)

Houthi fight extracts heavy cost on Pentagon A ship sunk by Houthis presents 'far-reaching' environmental consequences in Red Sea Yemen's Houthis say they will continue sinking British ships Red Sea Conflict Threatens Key Internet Cables Ship attacked by Houthi rebels sinks in the Red Sea
(DBN)

Beheadings, crucifixions, heads on spikes: Saudi executions surge
(DBN)

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Russia:

US Defense Secretary issues chilling warning on NATO's looming war with Russia
(DBN)

As Sweden joins NATO, it bids farewell to more than two centuries of neutrality
(DBN)

Zelensky in bind over how to draft more troops as Russian forces advance
(DBN)

Villages tumble as Russia exposes Ukraine’s defenses
(DBN)

Multiple Navalny Mourners Detained at Funeral
(DBN)

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China:

Country Garden faces heat from liquidation suit to get cracking on debt revamp talks
(DBN)

The World Is in for Another China Shock
(DBN)

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Cayman Islands:

Proof Of Debt Appeals To The Grand Court – The Approach For Dissatisfied Creditors In Disputing A Liquidator’s Rejection Of Proof
(DBN)

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Haiti:

Hundreds of prisoners escape Port-au-Prince prison as violence escalates in Haitian capital After attacking prisons, Haiti gangs try to take over country's infrastructure Rage brews in Haiti Blinken says US intends to provide $200M for Haiti support mission
(DBN)

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South Korea:

Thousands of South Korean doctors stage mass demonstration in Seoul South Korea to suspend licenses of striking doctors as they refuse to end walkouts
(DBN)

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Switzerland:

Swiss Voters Back Higher Pensions, Reject Working Longer
(DBN)

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France:

France Enshrines Abortion Rights in Constitution
(DBN)

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India:

Securing the rights of dissenting financial creditors
(DBN)

A tug-of-war for fair shares
(DBN)

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Germany:

No good faith in German insolvency avoidance
(DBN)

Berlin on lockdown after German armed police open fire on far-left communist terrorists
(DBN)

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Sweden:

Sweden's Economic Downturn: A Surge in Bankruptcies Marks the Worst Month in Decades
(DBN)

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Argentina:

Argentina's Milei warns lawmakers he will make reforms 'with or without' them
(DBN)

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