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May 7, 2024

The Daily Bankruptcy News

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Law:

Biglaw Demand Still Flagging, But We Can Charge Clients Higher Rates So Let The Good Times Roll
(DBN)

Davis Polk Leaps Into Lateral Hiring Seen as Re-Shaping Industry
(DBN)

Law firms kicked off 2024 with strong demand and profits, report finds
(DBN)

Partners At This Biglaw Firm Aren't Pulling Down The Biggest Numbers
(DBN)

May 3, 2024 Bankruptcy Quiz
(DBN)

More Top Biglaw Firms Are Closing Offices In China
(DBN)

Fighting the bots is the new attorney niche
(DBN)

BigLaw firm introduces coaching and support for lawyers who have ADHD Biglaw Firm's Outreach For Attorneys With ADHD
(DBN)

Former lawyer will be retried for murder after top Georgia court overturns conviction
(DBN)

Family members struggle to help University of Chicago law grad who became homeless
(DBN)

Pro-Palestinian groups are Hamas propagandists, BigLaw firm’s suit alleges; is First Amendment an issue?
(DBN)

Law Revue Video Contest 2024: The Finalists!
(DBN)

Lawyer's license suspended after audit finds $107K 'shortage' in client funds
(DBN)

Judge fines ex-president for violating gag order again, warns of jail time for future infractions Donald Trump Gets Tenth Contempt Violation, Along With Ticket To Jail Redeemable Any Time Judge’s warning provides dilemma for Trump over whether he will risk jail for a political point ‘I’ll Do That Sacrifice!’ Trump Says He’s Ready to Go to Jail Over His Gag Order After Contempt Ruling Former senior adviser to Trump on why she thinks Trump wants judge to jail him Trump prosecutors keep witness schedule secret to avoid ex-president’s attacks Will Trump Be Safe in Jail? Trump in Contempt a Second Time as Judge Threatens Jail Judge warns Trump of jail time after finding him in contempt for gag order violation Trump’s Criminal Trial Speeds Along, With Few Key Witnesses Remaining Trump Firm’s Ex-Finance Chief Was Key to Hush-Money Deal, Witness Says Trial Witness Says Some Hush Money Came From Trump’s Personal Bank Account Jeffrey McConney, Trump Trial Witness, Helped Arrange Cohen’s Reimbursement The Hidden Secrets Of The Trump Criminal Trial Jurors in Trump's hush-money trial finally see the 34 allegedly falsified documents in accounting-heavy day of testimony Prosecution zeroes in on Trump Org paper trail at hush money trial Forget the sex. Check out those titillating invoices at the Trump hush money trial. Prosecutors introduce into evidence monthly $35K checks signed by Trump and issued to Michael Cohen Michael Cohen sent $130K in hush money — then got reimbursed for $420K. Jeff McConney explained why. David Pecker was ‘swatted’ the day he testified in Trump trial: Report
(DBN)

Giving Trump the punishment he deserves, and not a lick more Why Does Trump Face Felony Charges? Prosecutors Say He Was Hiding Other Crimes.
(DBN)

Trump campaign lawyers can’t quit workplace discrimination case for now, judge rules
(DBN)

Ex-Trump Controller Says Cohen Repaid From Personal Account Former Trump Organization accounting head details how the company reimbursed Michael Cohen
(DBN)

'We want them': Man who allegedly vowed to 'push through' cops to reach lawmakers arrested
(DBN)

Trump motion could shake up Mar-a-Lago case after Jack Smith admits to misleading judge
(DBN)

Trump’s family steers clear of trial — even as he spotlights them
(DBN)

America’s prison system is turning into a de facto nursing home
(DBN)

Alabama lawsuit over threat of prosecution for abortion help can move forward, court rules They May be Republicans But Still Get Abortions
(DBN)

Transgender bathroom bills are back, gaining traction after past boycotts
(DBN)

Migration at US Southern Border Slumps on Regional Efforts How a U.S. Customs and Border Protection veteran sees his agency's mission Is it easy for migrants to enter the U.S.? We went to the border to find out
(DBN)

Gunman arrested after trying to shoot pastor mid-sermon in front of terrified churchgoers
(DBN)

The rise of white terrorists who set out to kill minorities and immigrants
(DBN)

Baltimore teacher in ‘inappropriate relationship’ helped teen shoot ex-boyfriend, police allege
(DBN)

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Judges:

Reappointment of Judge Sean H. Lane as U.S. Bankruptcy Judge for the Southern District of New York
(DBN)

Conservative Former Judge Blames Lawyers For January 6 Insurrection
(DBN)

Federal Judges Say They Won't Hire From Columbia, Leveraging Their Public Offices To Bully An Institution They Don't Like Conservative Judges Won’t Hire Columbia Law Clerks Over Protests
(DBN)

Lawyer Renews Assault Claim Against US Judge in Recusal Bid
(DBN)

Former Trump attorney calls hush money judge a ‘pro’
(DBN)

ProPublica series on Supreme Court gifts wins Pulitzer Prize
(DBN)

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Wall Street:

Goldman Sachs Rings In 25 Years of Public Life With Stock at Record
(DBN)

Stock futures are little changed after Dow posts four-day win streak
(DBN)

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Layoffs:

BlackRock lays off employees during reorganization
(DBN)

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Hedge Funds:

Jefferies Asks Judge to Remove Managers of Weiss Multi-Strategy
(DBN)

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Autos:

Elon Musk is tightening his grip on Tesla
(DBN)

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Retailing:

Popular beauty retailer closing, ending all operations
(DBN)

How Online Shopping Is Saving the Bricks-and-Mortar Store
(DBN)

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Media:

Report: 3 huge media companies face Chapter 11 bankruptcy
(DBN)

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Food/Beverage:

Why fast-food price increases have surpassed overall inflation
(DBN)

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Fraud:

'Massive fraud': Auditing firm for Trump Media hit with charges, lifetime ban by SEC
(DBN)

Elizabeth Holmes sees more months trimmed from prison release date
(DBN)

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Fishing:

Researchers find toxic DDT compounds in deep-sea fish off Los Angeles coast
(DBN)

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History:

This Holocaust Remembrance Day, survivors have a message: Don't let history 'repeat itself'
(DBN)

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Building Materials:

Bain Capital to Hand Precast Concrete Firm Consolis to Creditors
(DBN)

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Energy Storage:

Battery developer backed by Paulson, Gates files for bankruptcy
(DBN)

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Infrastructure:

Why Can’t We Build Infrastructure Cheaply, Quickly and Well?
(DBN)

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Economy:

Fed’s Barkin Says Full Impact of High Interest Rates Yet to Come
(DBN)

Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
(DBN)

Confidence in Biden Economic Stewardship Historically Low
(DBN)

At $2 Million Per Minute, Treasuries Mint Cash Like Never Before
(DBN)

Citi Sees Fed’s Balance-Sheet Runoff Extending Into 2025
(DBN)

Morgan Stanley Says Buy Bonds in Bet That Inflation Will Retreat
(DBN)

The traditional office workplace is dead, and you’ll be surprised to learn why
(DBN)

‘Eat the Boomers’: How to repay America’s national debt
(DBN)

I'm a boomer and will never be able to retire. At 62, I'm already using my Social Security money.
(DBN)

More women are working now than at any time in U.S. history
(DBN)

Rising Number of Men Don't Want to Work
(DBN)

A Fundamental Stage of Human Reproduction Is Shifting
(DBN)

U.S. News Ranks the Best States for 2024
(DBN)

Everyone hates Workday
(DBN)

Social Security and Medicare finances look grim as overall debt piles up Social Security now expected to run short on funds in 2035, one year later than previously projected Economic growth boosts Social Security and Medicare but funding crisis still looms Social Security Funds Are Running Dry. Don’t Panic - WSJ Social Security will not be able to pay full benefits in 2035 if Congress doesn’t act. Medicare has a little more time
(DBN)

Abortion bans drive away up to half of young talent, new CNBC/Generation Lab youth survey finds
(DBN)

'Shark Tank' host Kevin O'Leary says he would've fired this CEO in 'seconds' for backing pro-Palestinian protesters: 'Be gone'
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Renters Seeing Chance of Owning a Home at Record Low, NY Fed Survey Shows
(DBN)

The Office-Market Meltdown Comes for Trump’s Prized Wall Street Building
(DBN)

Fannie "Real Estate Owned" inventory Decreased in Q1 2024
(DBN)

Commercial Real Estate Foreclosures Up 117%
(DBN)

ICE Mortgage Monitor: Annual home price growth eased in March; "For-sale inventory has been growing sharply across Florida"
(DBN)

Housing May 6th Weekly Update: Inventory up 0.6% Week-over-week, Up 33.1% Year-over-year
(DBN)

Massachusetts Eyes Mansion Tax to Fund Affordable Housing
(DBN)

Downtown Los Angeles is bustling with new residents. Not so much with office workers, though.
(DBN)

Los Angeles landlord sentenced for murder-for-hire, arson plots
(DBN)

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Municipalities:

Dolton Mayor Tiffany Henyard vetoes hiring of former Chicago Mayor Lori Lightfoot
(DBN)

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Healthcare:

The Private-Equity Deal That Flattened a Hospital Chain and Its Landlord ‘Private equity vultures’: Mass. Sens. Warren, Markey slam Steward for bankruptcy filing US hospital network Steward files for bankruptcy, aims for new loan One of the Biggest Hospital Failures in Decades Raises Concerns for Patient Care - WSJ A Hospital Heist Seeks Protection in the Ponzi-Friendliest Court in America Details emerge on bankruptcy filing by Sharon Regional's owner What's next for Massachusetts in the Steward Health Care bankruptcy proceedings Healey: Bankruptcy filing 'a step toward' getting Steward out of Mass. Steward files for bankruptcy, governor mobilizes oversight Dallas-based Steward Health Care files for Chapter 11 bankruptcy protection Steward Healthcare owes money to thousands of creditors, files for bankruptcy Dallas-based Steward Health Care files for bankruptcy, working on loan from landlord Battenfeld: Healey, lawmakers talk tough on Steward but dropped the ball Will Steward’s Massachusetts hospitals stay open? Steward’s bankruptcy will disrupt Massachusetts health care Company that operates 5 South Florida hospitals files for bankruptcy. Here's what to know Mass. launches call center, website to update public on Steward Health Care bankruptcy Three things patients should know about Steward Health Care’s bankruptcy filing A bankruptcy shield won’t hide Steward Health’s moral failings
(DBN)

Q1 Was Pretty Good For Hospital Finance — But It’s Unclear If It Will Stay That Way
(DBN)

America's rural hospitals are on the financial knife edge
(DBN)

Man kills wife at hospital because he couldn't care for her, afford medical bills: Cops
(DBN)

Nurses faced with low pay, high cost of living. These cities are worst
(DBN)

Could Avian Influenza Be The Next Covid-19?
(DBN)

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Education:

Many seek answers after Kansas City nursing school suddenly closes
(DBN)

Columbia University cancels main commencement after weeks of pro-Palestinian protests Johnson condemns Columbia’s main commencement ceremony cancellation Democrats call Mike Johnson's bluff on campus antisemitism GWU law professor calls on anti-Israel students to leave 'mommy and daddy' paid dorm rooms, go to Gaza Poll: Most college students shrug at nationwide protests Harvard Issues Ultimatum to Protesters Over Encampment in Yard Harvard threatens "involuntary leave" for pro-Palestinian student protesters The lessons from colleges that didn’t call the police More Pro-Palestinian Protesters Arrested at U.C.L.A. Police let violent mobs attack UCLA students Police Raid U.C. San Diego Encampment and Arrest Protesters UChicago Says Free Speech Is Sacred. Some Students See Hypocrisy White House announces new steps to counter antisemitism, including on college campuses Biden to Decry Campus Antisemitism in Holocaust Memorial Speech
(DBN)

MIT Becomes First Elite University To Ban Diversity Statements
(DBN)

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Agribusiness:

'They need to back off': Farm states push back on Biden’s bird flu response
(DBN)

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Crypto:

SEC sends Robinhood's crypto business Wells Notice
(DBN)

Crypto Trader’s Nightmare: $70 Million Vanishes in Address Poisoning Scam
(DBN)

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Tech:

JLL Says AI Demand Turns Data Centers Into ‘Hottest Asset Class’
(DBN)

Apple is reportedly developing chips to run artificial intelligence software in data centers
(DBN)

Andreessen Horowitz investor says half of Google's white-collar staff probably do 'no real work'
(DBN)

Musk: SpaceX, Starlink use "basically" no AI
(DBN)

Warren Buffett compares AI to nuclear weapons in stark warning
(DBN)

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Climate:

Households Wince at the Rising Price of Going Green
(DBN)

Hundreds of thousands of fish died in a single reservoir in Vietnam, another sign of how climate change is strangling the economy
(DBN)

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Labor:

Unions double-down in the Deep South: Can Alabama pave the way?
(DBN)

US Workers Share of the Pie Dwindles
(DBN)

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Banking:

Fed SLOOS Survey: Banks reported Tighter Standards, Weaker Demand for almost All Loan Types
(DBN)

Thinking About Banks One Year After Last Year’s Crisis Events
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (111 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (23 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Small Business Subchapter V Elections Increase 60 Percent In April Over the Same Period Last Year
(DBN)

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Subchapter V:

The More Things Change, the More They Stay the Same? Survival of Small Businesses Again Dependent On Action from Congress
(DBN)

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Trustees:

No Funds Available for Additional Chapter 7 Trustee Payments
(DBN)

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Cannabis:

Outlook Still Hazy for Cannabis Companies’ Access to Bankruptcy
(DBN)

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Professional Compensation:

Nickel and Dimed: Fee Examiners More Common Amid Rise in Contentious Bankruptcies
(DBN)

____________

Aviation:

Boeing faces 10 more whistleblowers after two die: ‘People’s lives are at stake’ FAA investigating whether Boeing falsified 787 inspection reports Boeing Admits That Its Employees Falsified Aircraft Records for 787 Dreamliner
(DBN)

Qantas will pay up to about $79 million to resolve claims it sold tickets for canceled flights
(DBN)

____________

Media:

The Collapse of the News Industry Is Taking Its Soul Down With It
(DBN)

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Corporate Governance:

Musk Superfans, Meme-Stock Traders Crash US Business Court Norms
(DBN)

Delaware or Another State: What’s the Difference?
(DBN)

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Politics:

Johnson set to face Greene-led speakership ouster attempt this week Greene, Johnson feud set to come to a head 5 factions that will decide Speaker Johnson’s fate Mike Johnson signals House power play in 2025 Doubts rise over Marjorie Taylor Greene moving forward on motion to vacate Speaker Johnson staves off hardliners’ push to force him out — for now
(DBN)

Biden’s quiet comeback may be over
(DBN)

Share of Black Americans planning to vote drops: Survey
(DBN)

Pro-Palestinian protesters try to disrupt Met Gala
(DBN)

Donald Trump calls Joe Biden weak on antisemitism, ignoring his own rhetoric
(DBN)

Biden tops Trump by 4 points among likely voters in new survey Biden leads Trump in polls for first time since last year
(DBN)

Georgia Republican backs Biden, blasts those in party who ‘fall in line’ with Trump
(DBN)

Donald Trump Is Beating Joe Biden Among Educated Voters
(DBN)

Pro-Trump Nonprofit Paid Millions to Companies Tied to Its Own Leaders
(DBN)

Kristi Noem has admitted the Kim Jong Un part of her book isn't true but she read it for her audiobook anyway Kristi Noem Attacks 'Fake News' for Questioning Fake Kim Jong-un Story Kristi Noem’s Team Told Her to Nix the Dog Story 2 Years Ago
(DBN)

Ex-GOP Rep. Ken Buck says he wanted to leave Congress 'about three weeks' after he arrived: 'It took me a long time to figure out how to get out of this place'
(DBN)

Lara Trump dragged online after botching segment about absentee ballot lawsuit
(DBN)

Federal corruption trial of Sen. Menendez on track to begin next week
(DBN)

The critical difference that could save Cuellar
(DBN)

Trump disparages Jon Tester’s weight during fundraiser, saying he ‘looks pregnant’
(DBN)

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UK:

Details of UK military personnel exposed in huge payroll data breach
(DBN)

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EU:

ECB’s Lane Says He’s More Certain Inflation Is Returning to Goal
(DBN)

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Russia:

Russia to hold simulated nuclear weapon exercises after heated Ukraine remarks What are tactical nuclear weapons and why did Russia order drills?
(DBN)

Under Putin, a militarized new Russia rises to challenge U.S. and the West
(DBN)

Germany Vows to Defend Baltic Nations in Event of Russian Attack
(DBN)

Russian Air Strikes Cause Power Cuts in Northern Ukraine Regions
(DBN)

Ukraine will have to wait till 2025 to mount a counteroffensive against Russia, US national security advisor says
(DBN)

Russia’s Budget Is Getting Twice as Much Oil Money as a Year Ago
(DBN)

Russia's military is so hard up for manpower that it now pays more than the oil and gas sector
(DBN)

Russia Threatens UK With Strikes on British Targets
(DBN)

Under Putin, a militarized new Russia rises to challenge U.S. and the West
(DBN)

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MENA:

Hamas In Official Response: “We Agreed To Ceasefire Deal” Israel says Hamas decision to accept ceasefire deal is a 'ruse' Hamas accepts hostage deal proposal but Israel says they are still far apart Israel launches strikes on Rafah, will send delegation to continue Gaza cease-fire talks Israel Starts Bombing Rafah Israel approved Rafah military operation and started striking Hamas targets Hamas says it has accepted cease-fire proposal from Egypt and Qatar as Israel preps Rafah assault IDF strikes Hamas terror targets in East Rafah Despite US warnings, Israel signals it's going ahead with what could be a 'disaster' in Rafah Rafah assault threatens to be Israel breaking point for Democrats Israelis frustrated with U.S. handling of hostage talks Israeli forces take control of the Gaza side of the Rafah border crossing with Egypt Palestinian official says aid has now stopped across one of the main entry points for humanitarian relief into Gaza Israeli Army Starts Moving People Out of Rafah, Israeli TV Says Palestinians fleeing Rafah describe their fear and despair Despite US warnings, Israel signals it's going ahead with what could be a 'disaster' in Rafah Netanyahu Asserts Israel’s Right to Fight Its Enemies in Defiant Speech
(DBN)

‘You have been warned’: GOP senators caution ICC over Israeli arrest warrants
(DBN)

Americans' Support for Israel Aid Slides
(DBN)

Maersk Says Expanded Houthi Attacks Are Forcing More Delays
(DBN)

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China:

China’s Thrifty Travelers Show Consumer Confidence Remains Weak
(DBN)

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Hong Kong:

Hong Kong Court of Appeal rules arbitration agreement trumps winding-up petition in insolvency
(DBN)

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Singapore:

Singapore Court Recognizes Indonesian PKPU Proceedings For The First Time.
(DBN)

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India:

Journey of Home Buyers under IBC
(DBN)

Using Comity In Insolvency – Indian Courts Pivot
(DBN)

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