September 10, 2024

The Daily Bankruptcy News

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Law:

Stressed and depressed, only 34% of young lawyers with highest student debt say JD was worth cost, new ABA survey says
(DBN)

2 BigLaw firms ‘fighting it out in the lateral market’ vote to merge
(DBN)

Ballard Spahr to Merge With Pacific Northwest’s Lane Powell
(DBN)

Get Ready For A Massive New Biglaw Firm In 2025
(DBN)

Biglaw Firm's Managing Partner Passes Away After Battle Against Cancer
(DBN)

In ‘difficult but necessary step forward,’ merged law firm trims 10% of equity partnership Ten Percent Of Equity Partnership Being Cut At A&O Shearman
(DBN)

Overrated: AI Gets Fast Results. Underrated: AI Gets Results Lawyers Can Use Faster.
(DBN)

Minority enrollment holds steady at top U.S. law schools, early data indicates
(DBN)

Midlevel Biglaw Associates Are Going Hungry On The Job
(DBN)

More Biglaw Merger Mania As Am Law 100 Firm Looks To Expand In The Pacific Northwest
(DBN)

Midlevel Biglaw Associates Are Pretty Mad About How Awful The Technology Is At Their Firms
(DBN)

Oral History of Senator Elizabeth Warren
(DBN)

‘What Jennifer Did’: Senseless killings can take a toll on lawyers working the cases
(DBN)

Democrats to hold hearing on Supreme Court’s Trump immunity decision
(DBN)

Trump Can 'Probably Take Money' for Pardons per Supreme Court—Legal Analyst
(DBN)

Trump is increasingly vowing to prosecute political foes he says are 'corrupt' if he wins Trump Threatens Prosecution of Election Officials
(DBN)

Trump accuser responds to his denial he assaulted her
(DBN)

Donald Trump Disrespects His Lawyers RIGHT IN FRONT OF THEIR FACES
(DBN)

Documentary Shows Hunter Biden in Emotional Meeting With His One-Time Tormentor
(DBN)

DeSantis election police question people who signed abortion ballot petition
(DBN)

Revealed: Members of Congress Who May Have Flouted a Stock Trading Law
(DBN)

Colt Gray's Grandfather Says Colin Gray 'Got What He Deserved' Georgia Shooter's Neighbors Speak Video released of 2023 interview with father and teen charged in Georgia school shooting
(DBN)

Harvey Weinstein rushed to hospital for emergency heart surgery, sources tell ABC News
(DBN)

Feds say white supremacist leaders of "Terrorgram" group plotted assassinations, inspired attacks
(DBN)

NYPD commissioner expected to step down amid federal probe
(DBN)

Kentucky I-75 shooting suspect vowed over text to ‘kill a lot of people,’ warrant says Suspect in Ky. shooting spree is ex-National Guardsman who bought AR-style rifle and 1,000 rounds of ammo hours before attacks
(DBN)

Nonprofit led by wife of Lt. Gov. Mark Robinson under review by Feds
(DBN)

Wife of California inmate wins $5.6 million in settlement for strip search
(DBN)

Dolphins support Tyreek Hill over police detention after body cam released Tyreek Hill fears he could have been shot in 'worst-case scenario' during police stop outside stadium
(DBN)

To the World, He Is an Anti-Trafficking Hero. Women Tell a Different Story.
(DBN)

Judge agrees to move Bryan Kohberger's murder trial from University of Idaho area
(DBN)

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Judges:

US Supreme Court’s Kagan says emergency docket does not lead to court’s best work Supreme Court Is Swamped With Emergency Appeals, Led by Challenges to EPA
(DBN)

Justice Alito’s Stock Portfolio Stands Apart on US Supreme Court
(DBN)

At Harvard, Ketanji Brown Jackson knew about a White student fighting to remove a Confederate flag. He is now her husband.
(DBN)

Justice Elena Kagan Suggests Judge Panel Could Enforce Supreme Court Ethics Code
(DBN)

'New Racist' Judge Kicked Off Bench For Racist Remarks About American Blacks
(DBN)

Lawyer alleges ‘impeachment by subterfuge’ after federal appeals judge, 97, suspended for another year Appeals Court Extends Pauline Newman's Suspension
(DBN)

Schumer plots judges blitz in White House call
(DBN)

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Wall Street:

Stock futures are little changed after S&P 500 posts first winning day in September
(DBN)

U.S. post-election tax policies add significant uncertainty to market valuations: Berman
(DBN)

B. Riley Confirms Talks on Asset Deals to Cope With Debt
(DBN)

Goldman Sachs Strategists Say Stocks Unlikely to Sink Into Bear Market
(DBN)

Here's What the Harris-Trump Showdown Means for US Stocks
(DBN)

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
(DBN)

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Tech:

Google Faces Blockbuster Antitrust Case—Again The Biden administration launches its second big attack on Google
(DBN)

Google loses its seven-year fight against $2.7 billion EU antitrust fine
(DBN)

EU’s top court dismisses Apple’s final appeal against order to pay Ireland 13B euros in back taxes
(DBN)

The cult of Nvidia is getting really weird
(DBN)

Everything Apple Just Announced
(DBN)

Trump Lost $4Bn in Truth Social Wipeout
(DBN)

Australia plans minimum age for social media use, angering digital rights advocates
(DBN)

Happy birthday, baby! What the future holds for those born today
(DBN)

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Media:

Hedge Fund Pushes for End of Murdochs’ Control at News Corp
(DBN)

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Software:

Apollo-Backed Software Maker Edgio Seeks Bankruptcy Protection
(DBN)

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Student Debt:

Americans Face Credit Hit as Student Debt Goes Delinquent Again
(DBN)

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Awards:

TMA Announces the 2024 TMA Turnaround and Transaction of the Year Awards
(DBN)

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Fashion:

Gucci-Owner Kering Slumps to 2017 Low on China Demand Fears
(DBN)

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Retailing:

Big Lots bankruptcy: The roughly 300 stores already set to close in the US Big Lots set to close additional locations after entering sale agreement, filing for bankruptcy Furniture companies among Big Lots’ top 30 creditors Big Lots files for bankruptcy, will sell assets to buyout firm as it blames high inflation
(DBN)

Bankrupt LL Flooring gets last minute rescue with new owner – but 200 stores are still set to close for good
(DBN)

Private Equity Investors Line Up Deals For Big Lots And LL Flooring
(DBN)

U-M athletic director: Former M Den retailer bounced a $3.8M check
(DBN)

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Agribusiness:

Specialty mushroom grower Smallhold emerges from bankruptcy
(DBN)

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Food/Beverage:

Oakland’s Red Bay Coffee Files for Chapter 11 Bankruptcy Protection
(DBN)

Just Miles from Kroger’s Court Battle, a Food Desert Shows What’s at Stake
(DBN)

The Kiss of Death?: How Many Of Guy Fieri's 'Diners, Drive-Ins And Dives' Restaurants Have Closed?
(DBN)

Red Lobster Landlord Sues Insurer to ‘Clawback’ $1.2M Fire Claim Payment
(DBN)

Flavor Flav Celebrates After Red Lobster Announces It Is Exiting Bankruptcy
(DBN)

Four reasons why Foxtrot will succeed
(DBN)

4 mistakes to stop making at high-end restaurants, according to an etiquette expert
(DBN)

Consumers Unwilling to Pay Up for Sustainable Food, JBS Says
(DBN)

We don't need a new price gouging law to protect small grocers. We need to enforce the law we already have
(DBN)

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Celebs:

Strictly stars Ben Cohen and Kristina Rihanoff 'fighting' to save home amid money woes
(DBN)

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Distressed Investing:

Ex-Macquarie Banker Raises $1.4 Billion for Distressed-Assets Fund
(DBN)

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Economy:

US Small-Business Optimism Declines by Most in Over Two Years
(DBN)

US Consumer Borrowing Rises $25.5 Billion, Most Since Late 2022
(DBN)

Trump’s Dominant Dollar Idea Risks Backfiring, Commerzbank Warns
(DBN)

Trump is more locked in on tariffs than ever before Fact check: Trump and Vance keep falsely describing how tariffs work
(DBN)

Jeffries slams House GOP’s government funding plan: ‘Unserious and unacceptable’ White House rebukes Republicans over partisan plan to avert shutdown Republicans want to tie proof-of-citizenship voter requirement to stopgap funding Speaker Johnson: "No one should worry" about shutdown Mike Johnson’s shutdown strategy is crumbling GOP rebellion puts Mike Johnson's spending plan on notice Speaker Johnson's government funding strategy on life support as defections mount
(DBN)

Harris, Trump tax-cut promises make 2024 a season of giving
(DBN)

What the Harris and Trump plans mean for your wallet and job
(DBN)

BofA's Moynihan on federal debt: America needs to get "eyes and stomach" aligned
(DBN)

Here's how much your Social Security benefits could be cut without a fix
(DBN)

Warren Buffett's $5.4 Billion Warning to Wall Street Foreshadows Trouble to Come
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Housing Market Hit by Shrinkflation
(DBN)

1st Look at Local Housing Markets in August
(DBN)

San Bernardino Sought Emergency Action on Home Insurance Months Before Fire
(DBN)

CA: Homeowners Slammed by Insurance Hikes
(DBN)

Bridgeport, Stratford fight Success Village bankruptcy as residents face loss of ownership stake
(DBN)

More home sellers are withdrawing listings
(DBN)

Housing Sept 9th Weekly Update: Inventory Down 0.1% Week-over-week, Up 38.0% Year-over-year
(DBN)

Developer Michael Shvo plans bulk sale of Mandarin Oriental condos after default
(DBN)

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Municipalities:

Former Chamber of Commerce head joins Puerto Rico Oversight Board
(DBN)

Retired Chester Workers Said No One Talked to Them About Bankruptcy Plans
(DBN)

Chicago Halts Hiring as Deficit Tops $1 Billion Through 2025
(DBN)

How some Colorado cities are responding to the U.S. Supreme Court’s homelessness ruling
(DBN)

Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds
(DBN)

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Oil/Gas:

Tropical Storm Francine Strengthens, Spurring Oil Shutdowns
(DBN)

Gulf oil and gas drilling faces possible shutdown in December. Here's why
(DBN)

World’s Oldest Guerrilla Force Revives War on Oil Companies
(DBN)

Why Harris and Trump are debating the F-word
(DBN)

World’s Top Oil Traders See Boom Years Fade as Volatility Tanks
(DBN)

Trump wants to halve energy prices, but experts say that's doubtful
(DBN)

Bankers Doing Oil Deals Others Won’t Are Redrawing an Old Map
(DBN)

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Politics:

Harris, Trump locked in dead heat: Poll
(DBN)

YouTubers Are Almost Too Easy to Dupe
(DBN)

Edgy Traders Brace for Potentially ‘Pivotal’ Trump-Harris Debate How Kamala Harris Can Beat Donald Trump on the Debate Stage Harris and Trump prep for debate that could define rest of the campaign A stunning contrast will be visible on tonight's debate stage ABC News steps into the spotlight with high stakes Trump-Harris debate 6 things to watch for when Kamala Harris debates Donald Trump Inside Harris' high-risk, high-reward debate against Trump After 75 days of political upheaval, a changed race prepares for another debate
(DBN)

Ex-Trump Officials Trash Their Old Boss in Harris’ New Attack Ad As Debate Looms, Trump Is Now the One Facing Questions About Age and Capacity The Complete List Of Past GOP Presidential Ticket Members Who Say They're Voting For Trump Five Times Donald Trump Brushed Off Career-Ending Blunders Harris is up but Trump might be stronger behind the polls Donald Trump is no longer guaranteed to retake the White House, ‘Big Short’ investor Steve Eisman acknowledges
(DBN)

Vance pushes false accusations of Haitians eating pets Police have 'no credible reports' of Haitian immigrants harming pets, despite JD Vance’s claim JD Vance Is Right About Iraq, But Wrong About Ukraine
(DBN)

Haley: Trump, Vance ‘need to change the way they speak about women’ Haley pushes back on Cheney criticism of her Trump support Why Nikki Haley says she's backing Trump
(DBN)

Tulsi Gabbard: Cheneys’ endorsements, Harris’s response ‘sickened me’
(DBN)

Harris campaign website releases policy platform Harris’ new policy page is light on some details but careful to mention startups Is Florida in Play for Kamala Harris? Harris missed ‘big opportunity’ by not picking Shapiro as running mate: Nate Silver Four Issues Kamala Harris Has Changed Her Position On Harris' biggest business booster Generals come to Harris' defense on Afghanistan Retired military leaders defend Harris while placing blame on Trump for Afghanistan withdrawal in letter
(DBN)

Here are the rules for the Harris-Trump ABC debate
(DBN)

Poll Shows the Only Union Liked More By Republicans Than Democrats
(DBN)

Senate GOP leader contenders waffle on Trump IVF plan
(DBN)

The angry, divisive fallout of the Trump shooting in Butler County
(DBN)

‘No Politics Allowed’: These Americans Are Avoiding the Conversation at All Costs
(DBN)

How AI Is Transforming a Lawmaker’s Life After a Terrible Diagnosis
(DBN)

Congress returns to Washington for a three-week preelection sprint
(DBN)

Oil Majors Not Cooperating With Trump Funds Probe, Lawmakers Say
(DBN)

What Have Biden and Harris Accomplished? Look at These 10 Metrics
(DBN)

Michigan’s top court rules RFK Jr.’s name will remain on ballot RFK Jr. must be removed from North Carolina ballots, state Supreme Court rules
(DBN)

Threats, turmoil prompt record turnover among U.S. elections officials
(DBN)

How Tennessee Has Gutted Voting Rights
(DBN)

Dear GOP, Non-Citizen Voting is Already Illegal “Heritage Foundation Spreads Deceptive Videos About Noncitizen Voters”
(DBN)

Lone Democrat on Georgia Election Board Issues 'Chaos' Warning
(DBN)

Senate GOP

Tuberville blocks nomination of Austin aide to top Army role
(DBN)

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Climate:

7 Places In America That Might Not Exist Soon
(DBN)

Fall is getting warmer nationwide
(DBN)

Crimes against nature? 72% want people who damage climate to face jail time
(DBN)

Ten Tough Climate and Energy Questions for Tonight’s Harris-Trump Debate
(DBN)

How Trump Could Turn a $400 Billion Green Bank Into a Fossil Fuel Lender
(DBN)

Parts of Texas ‘out of water’ as the rest dries out, ag commissioner says
(DBN)

Swelling wildfires in California and Nevada force thousands to evacuate Firefighters Battle California Wildfire as Heat Wave Fades, Santa Ana Winds Loom Evacuations ordered as fire burns foothills of national forest east of L.A. amid heat wave Evacuations, school closures and lightning strikes in California as Line Fire grows more than 23,000 acres
(DBN)

Biden's race to spend billions of climate bucks
(DBN)

Coal India to Spend $8 Billion on Coal-Fired Plants Near Mines
(DBN)

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Wheels:

Clearlake-Backed Wheel Maker Files for Bankruptcy Protection Private Equity Has Bankrupted Hoonigan, Which Is $1.75 Billion In Debt. Here’s What Happens Next Hoonigan Announces It's Bankrupt, Private Equity Destroys Another Brand
(DBN)

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Crypto:

Investors in $1 Billion Crypto ‘Skyscraper’ Scheme to Get Repaid in Settlement
(DBN)

FTX Settles $600M Robinhood Shares Dispute with Emergent Technologies FTX finalizes settlement with Emergent over $600M Robinhood shares claim
(DBN)

Coinbase Must Face Shareholder Lawsuit Over Regulator Risk Concerns, Judge Rules
(DBN)

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Autos:

Wholesale Used Car Prices Increased in August; Down 3.9% Year-over-year
(DBN)

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Fraud:

‘Encyclopedia of Fraud’ Would Help Taxpayers Spot Scams Early
(DBN)

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Mining:

Kinterra designated successful bidder of bankrupt Nevada Copper
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (38 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

U.S. bankruptcy filings spiked in August after slowdown in July
(DBN)

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Mass Torts:

US Court Grants Purdue Pharma More Time For Settlement Talks Related To Opioid Crisis
(DBN)

In prosecuting alleged child abuser, NH called witness who faces his own accusations
(DBN)

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Automatic Stay:

How the Automatic Stay in Bankruptcy Can Affect Net Asset Value Facilities
(DBN)

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Litigation:

Avoiding Expert Witness Disasters
(DBN)

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Aviation:

An American Airlines passenger is suing, saying she was burned by a coffee pot that fell into her lap from a trolley during turbulence
(DBN)

SpaceX launches Polaris Dawn crew on daring excursion into Earth’s radiation belts
(DBN)

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Healthcare:

Bankruptcy judge to consider Orlando Health's purchase of Brevard, Indian River hospitals
(DBN)

Defaulted hospital names chief restructuring officer
(DBN)

How a Crackdown on Medicaid Fraud Deprived Native American Patients of Care
(DBN)

US faces maternity care crisis, with 1 in 3 counties lacking obstetric doctors to provide care, report warns
(DBN)

Map: Kids Not Getting Vaccines by State
(DBN)

Trump repeats false claims that children are undergoing transgender surgery during the school day
(DBN)

A retired boomer who gets $1,662 in Social Security moved in with roommates to afford her medical bills: 'It's the only way I can afford to live comfortably'
(DBN)

COVID Map Update Reveals States With 'Very High' Wastewater Viral Activity
(DBN)

Biden admin to require mental health coverage parity White House to require insurers pay for mental health the same as physical health
(DBN)

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Education:

Phillips Academy Andover Prepares $54 Million Muni Bond Sale
(DBN)

I'm a high school teacher. Taking a bullet for my students isn't written in my contract.
(DBN)

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Personal Finance:

The Supreme Court Made Bankruptcy Filings More Likely
(DBN)

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Nuclear:

The US is dismantling nuclear warheads to power the next generation of reactors
(DBN)

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Drinkware:

Tervis looks to 'return to its legacy' via bankruptcy
(DBN)

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Religion:

Almost half the population turned out for Pope Francis’ Mass in the most Catholic country outside Vatican City
(DBN)

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Accounting:

US audit firms ordered to bring in outsiders to oversee quality
(DBN)

I’m happy I got laid off from Deloitte. The physical and mental toll wasn’t worth the paycheck.
(DBN)

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Sovereigns:

Morgan Stanley Turns Negative on Emerging Debt and Touts Hedges
(DBN)

Sri Lanka Debt Tumbles as Traders See Rising Political Risk
(DBN)

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UK:

Britain's Local Governments at Risk of Widespread Collapse Bradford Council to have bigger deficit than bankrupt Birmingham, report says and warns of 'widespread collapse of local government'
(DBN)

Glencore Billionaire Alex Beard Appears at UK Court Accused of Corruption
(DBN)

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EU:

Draghi Says EU Itself at Risk Without More Funds, Joint Debt Draghi’s Vision for EU Renewal Hits Wall of German Opposition
(DBN)

Morgan Stanley Sees Euro Sliding 7% as ECB Escalates Rate Cuts
(DBN)

Europe Braces for Last of Ukraine’s Russian Gas Deliveries
(DBN)

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Canada:

Disgraced Fashion Executive Nygard Gets 11-Year Prison Sentence for Sexual Assault
(DBN)

Is the CCAA cannabis process being taken advantage of?
(DBN)

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Russia:

Vladimir Putin 'almost' used nukes in Ukraine as intelligence chiefs warn of 'threat to world order'
(DBN)

Russia Has 'Depleted' Soviet-Era Energy Reserves, Putin Ally Admits
(DBN)

Russian Drones Are Crossing NATO Borders Ukraine's Three-Point Plan to Defeat Russian Drones
(DBN)

Russia Faces Mass Drone Attack That Shut Moscow Airports
(DBN)

'Crumbling' Crimea Bridge 'Living Its Final Days', Resistance Group Claims
(DBN)

Details of Ukraine's First F-16 Loss Revealed by Zelensky's Army Chief
(DBN)

Russia Relies on Sanctioned Plant to Meet 2024 LNG Export Goals
(DBN)

Nuclear Watchdog to Name Culprit in Event of Ukraine Accident
(DBN)

Satellite images show damage at Russian base that stored glide bombs after Ukrainian long-range strike
(DBN)

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MENA:

Israel Finance Ministry Cuts Growth Forecast as War in Gaza Hits Economy
(DBN)

Israel asks Congress to press South Africa to drop ICJ genocide case
(DBN)

Dozens killed and more feared buried in Israeli airstrike on Gaza humanitarian zone targeting Hamas militants Israel strikes tent camp in Gaza humanitarian zone; At least 19 killed, authorities say
(DBN)

UN Chief: Gaza Death, Destruction Worst I've Seen
(DBN)

‘I am the police, I am the army’: blacklisted settler’s rule in West Bank
(DBN)

Afghan Babies Dying of Malnutrition
(DBN)

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China:

China’s Deflationary Spiral Is Now Entering Dangerous New Stage
(DBN)

Taiwan Exports to US Surpass China Record to Hit Monthly High
(DBN)

China’s ‘wolf warrior’ foreign minister is now working a lowly publishing role after falling foul of Xi: report
(DBN)

China is going after ’empty student’ consultants, who help you graduate without attending a single class for a $2,800 ‘relationship’ fee
(DBN)

China Property Shares Plunge After Removal From Stock Connect
(DBN)

China’s Housing Woes Push Vanke, Longfor Deeper Into Distress
(DBN)

A billionaire pig farmer fights his conviction from behind bars as tycoons face crackdown in China
(DBN)

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Argentina:

Argentines Rush to Deposit Cash Savings as Part of Milei Policy
(DBN)

US Says It May Weigh In on Burford’s $16 Billion Argentina Award
(DBN)

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Sweden:

Crisis-Hit Northvolt to Pause Unit, Cut Staff Amid EV Slump
(DBN)

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South Korea:

Nation With Lowest Birthrate is Rocked By Soaring Sales of Dog Strollers
(DBN)

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India:

India’s exam system is in chaos, with some families paying thousands to help their kids cheat
(DBN)

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Thailand:

Thai Household Debt Rises to 16-Year High as Economy Slows, Survey Shows
(DBN)

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Australia:

Australia Consumer, Corporate Mood Darkens as Job Concerns Mount
(DBN)

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