September 5, 2024

The Daily Bankruptcy News

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Law:

Companies pay big bucks signing bonuses to lure legal chiefs; who received more than $10M? The Best Way To Woo A New General Counsel Is With Gigantic Piles Of Money
(DBN)

Restructuring Partners In-Demand Amid Uptick in Commercial Chapter 11 Filings
(DBN)

Linklaters Adds Senior Restructuring and Insolvency Partner Michael Torkin, Further Expanding US and Global Offering for Corporate Clients
(DBN)

New Law School Ranking Offers Fresh Twist On The T14 -- And Yale Is No Longer #1
(DBN)

Troutman Pepper Hit With $59 Million Malpractice Lawsuit in NY
(DBN)

Troutman Pepper, Locke Lord Merger Conflicts Rattle Lawyers
(DBN)

Dentons launches ‘low carbon service’ with lawyers working from home, e-signatures and no printing
(DBN)

“Troutman Pepper and Locke Lord Merger Talks Hindered by Client Conflicts”
(DBN)

Some Lawyers Using Venmo Are Exposing Confidential Client Information — and they May Not Even Know It
(DBN)

Taking Care of Your ‘Good Boy’: Pet trusts ensure animals live a good life after owner dies
(DBN)

11th Circuit rules for athletic association that refused to allow pregame prayer over PA system
(DBN)

'I am proud to represent our failing nation': Trump melts down in early morning court rant
(DBN)

Jack Smith, Trump attorneys to renew faceoff in court
(DBN)

Two Trump allies hope new indictment against ex-president over efforts to overturn the 2020 election gets them off the hook
(DBN)

Trump’s Federal Election Case to Go Back Before a No-Nonsense Judge
(DBN)

Trump Stumbles Out Of One Federal Court And Into Another
(DBN)

Trump makes new bid to delay hush money sentencing
(DBN)

Trump Election Subversion Case Back in Court as Judge Holds Hearing That Could Set Its Path Forward What to watch for at the first post-SCOTUS hearing in the Trump federal election subversion case
(DBN)

Trump immediately moves to appeal after federal judge leaves hush-money case alone
(DBN)

Jack Smith 'Waived' Chance to Demand Aileen Cannon's Recusal: Ex-Prosecutor
(DBN)

MyPillow sued for unpaid debts by company who claims Mike Lindell promised 'to connect'
(DBN)

Hunter Biden’s Legal Woes Return to Spotlight Ahead of Tax Trial Jury selection for Hunter Biden's tax evasion trial to begin in Los Angeles Money, drugs and tax evasion: The second Hunter Biden trial is set to begin Thursday
(DBN)

Frenzy over Venezuelan gang in Colorado reaches crescendo, fueled by conflicting information and politics
(DBN)

Woman indicted after allegedly trying to drown Muslim children in Texas pool
(DBN)

Texas deputy fatally shot while driving to work in Houston, officials say; person of interest in custody
(DBN)

A suspect is in custody and casualties have been reported after a shooting at a Georgia high school Apalachee High School Shooting Leaves 4 Dead and 9 Hurt, Suspect in Custody Alleged Georgia school shooter ID’d as 14-year-old student, as 2 pupils, 2 teachers confirmed dead by authorities Law enforcement questioned the suspect last year about ‘threats to commit a school shooting’ Visualizing how mass shootings in 2024 compare with past years Biden says we ‘cannot continue to accept this as normal’ after Georgia high school shooting Harris goes off script to address Georgia school shooting: ‘It does not have to be this way’
(DBN)

4 Las Vegas teens plead guilty in classmate's deadly beating as part of plea deal
(DBN)

Transgender boy, 16, beaten by large group of teens in Massachusetts
(DBN)

8-year-old Utah boy dies after accidentally shooting himself with gun found in mom's car
(DBN)

Man wearing ankle monitor attempts kidnapping in Walmart parking lot, police say
(DBN)

Woman assumes identity of her dismembered friend and steals $200,000 of her benefits: Cops
(DBN)

A New York grand jury is weighing new evidence against Harvey Weinstein, a source says
(DBN)

Prosecutor Asks Judge to Reinstate Alec Baldwin's 'Rust' Case
(DBN)

Justice Department investigating sexual abuse allegations at California women’s prisons
(DBN)

Colorado mom drugged, fatally shot and stabbed 2 of her kids before fleeing to U.K., prosecutors say
(DBN)

Emboldened by Supreme Court, California Turns to Police in Homeless Crisis
(DBN)

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Judges:

Arrest made after woman was shot outside of U.S. Bankruptcy Court building in South Bend
(DBN)

5th Circuit becomes ‘proving ground’ for aggressive arguments by conservatives
(DBN)

Trump Judge Very Sad About Being Called 'Trump Judge' When He Does Stuff Only Trump Judges Do
(DBN)

Ketanji Brown Jackson gives readers a tour of her meteoric rise Ketanji Brown Jackson Hated Working In Biglaw As Much As You Do
(DBN)

Ginni Thomas secretly praised group working against Supreme Court reform Ginni Thomas Really REALLY Doesn't Want Any Supreme Court Reform
(DBN)

Harlan Crow Rejects Senate Records Request in Thomas Inquiry
(DBN)

Ex-Alaska judge in scandal had no obligation to recuse from case, US says
(DBN)

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Wall Street:

Stock futures are flat after two straight down days for S&P 500, Nasdaq
(DBN)

Wall Street Is Unsettled Again, After Fueling a Global Sell-Off
(DBN)

Corporate America Is Cashing In on Trillion-Dollar Index Boom
(DBN)

S&P 500 Earnings Hinge on Trump, Harris Tax Plans, Goldman Says
(DBN)

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Layoffs:

US Steel warns jobs could be lost if sale falls through
(DBN)

Goldman to cut hundreds of jobs: reports
(DBN)

Job cuts rise 1% Y/Y in August, but more than double from July: Challenger Report
(DBN)

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Climate:

Climate Losses Batter Insurers While Reinsurers Step Back
(DBN)

Climate Change Is Making ‘Last Chance Tourism’ More Popular, and Riskier
(DBN)

Why The Atlantic Hurricane Season Has Been So Quiet Recently
(DBN)

Is Your City on This List? The 10 Most At-Risk Areas for Natural Disasters
(DBN)

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Autos:

Philly woman accused of using hands-free driving in crash that killed 2, charged with DUI homicide
(DBN)

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Education:

Got A Scholarship For Women? Prepare For Trouble.
(DBN)

Republicans pushing Christianity into public schools are hitting resistance — even in red states
(DBN)

Students praise school cell phone bans!
(DBN)

Study: Parents are in the dark on schools' post-COVID performance
(DBN)

Colleges confirm advocates’ worst fears after Supreme Court affirmative action ruling
(DBN)

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Labor:

Amazon is ‘joint employer’ of some contracted delivery drivers, labor group says
(DBN)

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Fraud:

Ex-Wirecard CEO Braun sentenced to pay damages to insolvency administrator
(DBN)

Chase Bank warns customers: That viral money 'glitch' trend on TikTok is actually fraud
(DBN)

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Tech:

Pull over, Uber -- robot taxis have arrived Can Waymo’s Expanding Driverless Car Service Be a Sustainable Business?
(DBN)

Nvidia market cap decline extends to $505 billion after report of antitrust probe by the Justice Department Nvidia Rout Has Traders Watching $100-Share Level Amid ‘Vacuum’ Nvidia CEO Jensen Huang Drops Out Of $100 Billion Club After Fortune Goes From $105B To $94.9B—What Happened? Investors should worry that almost half of Nvidia's revenue in the second quarter came from just 4 customers, according to a tech analyst
(DBN)

Trump Media Shares Are Down 70% From Their March Peak
(DBN)

Elon Musk's X Faces 26% Ad Spend Decline By 2025 Amid Steep Decline In Brand Safety, Survey Reveals
(DBN)

Brazil’s president says world doesn’t have to put up with Elon Musk’s ‘far right’ ideology just because he’s rich Conservative challenge to Brazil's ban on Musk's X may escalate feud
(DBN)

Like Brazil, the European Union also has an X problem
(DBN)

Meta's Oversight Board rules that 'from the river to the sea' is not necessarily hate speech
(DBN)

Long-Time Bull Bails on ASML, Warning AI Potential Overhyped
(DBN)

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Economy:

Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears US Yield Curve Disinverts as Soft Labor Data Fuels Fed Cut Bets
(DBN)

A supersized Fed rate cut this month could be ‘very dangerous’, economist warns
(DBN)

US Job Openings Decline to Lowest Level Since January 2021 Job openings data points to cooling job market
(DBN)

The Hot Labor Market Has Melted Away. Just Ask New College Grads.
(DBN)

America's struggle belt: High prices squeeze Southern households
(DBN)

Bostic Says Risks to Fed’s Jobs, Inflation Goals Now in Balance
(DBN)

Goldman Sees US GDP Hit If Trump Wins, Boost If Democrats Sweep
(DBN)

Trump Tax Cuts Would Cost More Than Almost All Federal Agencies Trump’s Tax Proposals Would Cost a Staggering $10.5 Trillion: Analysis
(DBN)

COVID-19 government disaster loans saved businesses, but saddled survivors with debt Many small businesses haven’t paid off their COVID-19 EIDL loans
(DBN)

Senate bills would cut pay for federal employees working remotely
(DBN)

'Trump is pressuring GOP to shut down the government at the end of this month': report House GOP leaders weigh options as Trump pushes for a government shutdown fight
(DBN)

Here’s what Harris is proposing for the economy Harris Hits Trump Where It Hurts: It’s the Economy, Stupid!
(DBN)

Young voters harbor deep worries about inflation, debt and housing
(DBN)

Ultra-Rich Families Set to Control $9.5 Trillion by 2030, Deloitte Says
(DBN)

US Trade Deficit Widens to $78.8 Billion, Largest in Two Years
(DBN)

The job market needs workers. The newest ones are over age 75.
(DBN)

Harris breaks with Biden on capital gains tax Harris unveils 28% capital gains tax plan, softening Biden’s proposal Harris tries tax triangulation to build distance from Biden Kamala Harris’s ‘unrealized gains tax’ — so dumb it’s truly historic
(DBN)

Ending the tax on US Social Security income should be part of a broader reform
(DBN)

Top Dems squeeze defectors on shutdown fight Speaker Johnson's opening salvo on spending draws GOP doubts Republicans preparing controversial measure to avert government shutdown
(DBN)

Kroger's CEO says it isn't the supermarket's fault that groceries are more expensive, it's due to things like credit card swipe fees and fuel costs
(DBN)

US Election a Top Global Risk But Tricky to Forecast, BofA Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Mortgage Rates Continue to Ease on Expectations of Fed Move
(DBN)

The New Home Financing Rule of Thumb Is Why Regular Americans Can't Afford To Buy a House
(DBN)

Fed Says US Housing Inflation Likely To Ease In Coming Year
(DBN)

Homes Near Top-Rated Schools Cost Nearly 80% More—but Homebuyers Can Still Find Bargains by Giving Up One Thing
(DBN)

State of emergency declared in L.A. suburb after landslides cut power to hundreds of homes ‘Gigantic’ landslides hit California coastal town: ‘Watching their homes crumble’
(DBN)

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Municipalities:

Chester’s retirees balk at the state receiver’s plan for rescuing pensions and ending the city’s bankruptcy
(DBN)

Orlando is the best place to retire in 2024, study concludes
(DBN)

Nearly half of Puerto Rican adults are financially insecure, new study shows
(DBN)

Are far-right groups taking over small-town America?
(DBN)

____________

Oil/Gas:

Sweden's Volvo Cars scraps plan to only sell electric vehicles by 2030 Volvo Car Scales Back EV Target After Demand Falls Short
(DBN)

More kids are riding electric school buses this fall
(DBN)

BMW to Sell Hydrogen Cars From 2028 in Partnership With Toyota
(DBN)

Harris campaign dodges over EV mandate walkback
(DBN)

AI likely to weigh on oil prices over the next decade, Goldman says
(DBN)

IMF Warns Saudi Oil Revenue to Fall More Sharply This Decade
(DBN)

____________

Steel:

Biden, Harris and Trump all oppose the US Steel sale. But that doesn’t mean it’s dead
(DBN)

US Steel Warns Thousands Jobs at Risk Without Nippon Steel
(DBN)

US Steel to Close Plants If Nippon Steel Deal Fails, WSJ Says
(DBN)

U.S. Steel shares drop more than 15% on report White House preparing to block Nippon Steel takeover
(DBN)

Nippon Steel Left Hunting Next Step as US Takeover Flounders Japan Minister Says It’s Inappropriate for Government to Block US Steel Deal
(DBN)

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Sports:

Bankrupt Firm Diamond Gets Approval to Broadcast NBA, NFL Games
(DBN)

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Private Equity:

Private Equity’s Favorite Borrowing Tool Sparks Fresh Scrutiny
(DBN)

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Retailing:

LL Flooring, formerly Lumber Liquidators, is liquidating after failing to find a buyer
(DBN)

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Politics:

First votes of 2024 election are about to be cast
(DBN)

Harris, Trump in close races in key swing states: Polling Kamala Harris has a 56% chance of winning the Presidency New CNN polls in six battleground states Half of Gen Z voters support Harris, one-third back Trump, poll shows Harris trails Biden, Clinton vs. Trump at this stage of race Pennsylvania emerges as pivotal Harris-Trump battleground Harris-Trump race is tighter among English-speaking Latinos, poll shows Harris pulls ahead of Trump in battlegrounds, poll finds As Groups Have Shifted, Has It Become a ‘Normal’ Election?
(DBN)

Kamala Harris campaign told how to win by UK Labour strategist The Tim and Kamala Show I was wrong about Tim Walz — he’s a great VP pick RFK Jr. rips Harris, says president should be able to ‘put together’ sentence in English Harris is swimming in cash — but Democrats may still have a fundraising problem Liz Cheney says she is voting for Harris for president Harris’ attempt to separate herself from Biden frustrates Trump Kamala Harris Campaign Mocks Trump, Says He Forgot Who He's Running Against
(DBN)

The Minnesota Progressive Who Worries Republicans More Than Walz
(DBN)

Trump repeats attacks on Jewish political leaders and voters as battle for key group heats up Donald Trump's Town Hall With Sean Hannity—Fact-Checked Democrats target Trump’s muddled abortion message Trump ties himself in knots on abortion Republicans fret over Trump’s free fall among women 5 Things to Understand About Trump’s Visit to Arlington Elected GOP Leaders Secretly Hope For Trump Election Loss: Report If Republicans Want to Win, They Need Trump to Lose — Big Top Republicans Secretly Pray for Trump to Lose BiglyRepublicans are privately debating 'how best to accelerate Trump’s exit': report Trump campaign ordered to stop using classic R&B song Conway PAC rolls out ad highlighting GOP criticism of Trump Raskin launches probe into closed DOJ investigation of Trump-Egypt ties 'Pick a side': Ex-GOP lawmaker tells Condoleezza Rice it's time to condemn Trump Pennsylvania's Former GOP Senator Reveals Why He Won't Vote for Trump Trump vows to halve energy costs in 12 months. Few see that happening Trump’s biggest fans aren’t who you think Trump acknowledges losing the 2020 election 'by a whisker' ‘A Big Ripoff’: White Nationalist Nick Fuentes Blasts Trump for Admitting He Lost the 2020 Election ‘Let him die’: Trump’s nephew shares what he says Trump told him when he asked for help with his son Trump's campaign in chaos as infighting among 'grifters,' 'hucksters' and 'profiteers' on his team threatens his presidential bid The fear factor is now hurting Trump Trump Campaign Spent $32 Million More Than It Raised in August
(DBN)

The stark contrasts between Harris and Trump are on full display in their preparations for next week’s debate 10 Questions Kamala Harris and Donald Trump Must Answer in Their Presidential Debate Trump and Harris campaigns agree to rules for ABC debate Harris' debate plan: Goad Trump, call out lies, create social media moments Harris relents on muting debate microphones
(DBN)

Hackers breach social media accounts of Lara and Tiffany Trump
(DBN)

Doug Emhoff ‘gutted’ after hostages killed by Hamas in Gaza
(DBN)

GOP House panel subpoenas Tim Walz in investigation of Minnesota nonprofit that ran Covid aid scheme
(DBN)

GOP's Biden corruption crusade goes up in smoke
(DBN)

GOP sees worrying signs in North Carolina governor’s race
(DBN)

Conservative group comes to cash-strapped Kari Lake's rescue
(DBN)

Meghan McCain says she won’t support Harris or Trump
(DBN)

Kinzinger: ‘I’m not courageous … I’m surrounded by cowards’
(DBN)

NYT obtains audio of Montana GOP candidate using racist stereotypes
(DBN)

Two Florida Moms, One Congressional Seat and the Future of MAGA
(DBN)

A Democracy With Everything but a Choice
(DBN)

Seriously, What the Hell Is Wrong With Tucker Carlson?
(DBN)

How Georgia's Third Party Candidates Could Swing Election for Trump or Harris
(DBN)

2024's triple threats on election disinformation
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (1 new filing today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Commercial Bankruptcy Filings Increase 9 Percent over the Same Period Last Year Epiq: Commercial Bankruptcy Filings Increase 9% Y/Y, Total Bankruptcy Filings Up 8%
(DBN)

Bankruptcy Boom: Why More Young Adults Are Drowning in Debt
(DBN)

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Venue:

Rule to Curb Judge Shopping in Big Bankruptcies Should Be Delayed, Panel Says - WSJ
(DBN)

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Bankruptcy Alternatives:

Coming from the Uniform Law Commission: A Uniform or Model State Law on Assignment for the Benefit of Creditors
(DBN)

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Bankruptcy Crimes:

Charleston Developer Sentenced to Prison for Bankruptcy Fraud
(DBN)

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Mass Torts:

Johnson & Johnson Adds $1.1B to Proposed Talc Settlement Johnson & Johnson Wins Over Longtime Holdout for Talc Settlement
(DBN)

Inside America's wildest — and most lucrative — lawsuits
(DBN)

____________

Aviation:

Go First insolvency case: Promoters asked to reply on liquidation in 3 weeks by NCLT
(DBN)

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Celebs:

50 Cent estimates he's spent a whopping $24 million on legal fees throughout his career: 'Just on lawyers'
(DBN)

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Student Debt:

Seven Republican-led states sue to block Biden’s sweeping student loan forgiveness plan
(DBN)

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Crypto:

Mt. Gox Wouldn't Have Happened With Modern Tools, Mark Karpeles Says
(DBN)

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Healthcare:

Bankruptcy Judge Approves Sale Of 6 Steward Health Care Facilities In Mass. Bankruptcy judge approves sale of Steward hospitals in Massachusetts: ‘There are real people in these hospitals right now’ Steward CEO Won’t Testify in Senate Until Bankruptcy Ends CEO of bankrupt health care company tries to dodge congressional subpoena Steward Health CEO under fire by Senate committee for defying subpoena Private jets and a villa: Investigate Ralph de la Torre's use of company money
(DBN)

Surgical eye center in Bangor declares bankruptcy for 2nd time
(DBN)

Health worker shortages forecast thru 2028
(DBN)

Doctor removes wrong organ from patient, resulting in 'immediate, catastrophic death'
(DBN)

Oregon hospital sued for $303 million after nurse accused of replacing fentanyl with tap water
(DBN)

Dozens of Republicans file amicus brief against Tennessee's transgender care ban Democrats urge Supreme Court to strike down Tennessee gender-affirming care ban
(DBN)

Singapore to Quarantine Close Contacts of Newer Mpox Strain Cases Close contacts of mpox Clade I cases to be quarantined for 21 days in designated govt facility
(DBN)

Supreme Court sides with Biden in fight over abortion referrals in Oklahoma
(DBN)

____________

Sovereigns:

Xi Courts Africa With $50 Billion Pledge, Military Support
(DBN)

____________

UK:

UK Lays Out New Insolvency Rules As Thames Water Fears Mount
(DBN)

Thames Water creditors set to draft own plan to rescue firm
(DBN)

More to be done one year after council bankruptcy
(DBN)

‘Decades of failure’: Who has UK’s Grenfell Tower fire inquiry blamed? Grenfell Tower fire inquiry says U.S. company Arconic "deliberately concealed" dangers of building materials Grenfell Tower fire inquiry blames U.K. authorities, firms and industry Grenfell Tower report: UK government was ‘complacent and dismissive’ before deadly blaze
(DBN)

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EU:

Cassis & Paprika files for ‘silent bankruptcy’ with a view to takeover
(DBN)

"Tourist taxes" help hotspots in Europe cope with surges of visitors
(DBN)

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Canada:

'It is very unfortunate': Tidal power developer files for bankruptcy
(DBN)

Bank of Canada Cuts to 4.25%, Eyes More Easing Ahead
(DBN)

____________

France:

Top Macron ally bets he’ll be gone in months Interminable prime minister search fuels EU's French debt fears
(DBN)

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Russia:

Trial begins in Florida for activists accused of helping Russia sow division, chaos US to accuse Russia of trying to influence 2024 election U.S. Accuses Russia of Spending Millions to Influence American Voters Biden administration to hit Russia with sanctions for trying to manipulate U.S. opinion ahead of the election DOJ alleges Russia funded US media company linked to right-wing social media stars Media start-up from Benny Johnson, Tim Pool, and Dave Rubin was secret Russian influence campaign, indictment alleges FBI dossier reveals Putin’s secret psychological warfare in Europe
(DBN)

'We behave like humans': How Ukraine frames its fighting and the laws of war
(DBN)

Ukraine’s gamble against Russia risks becoming blunder
(DBN)

Zelenskyy begins major shake-up as Ukraine’s foreign minister heads for exit Key Resignations Seen as Zelensky’s Bid to Consolidate Power Zelenskyy suffers huge backlash as reshuffle triggers power-grab accusations
(DBN)

Deadly Russian missile attack on Ukraine's western city of Lviv prompts NATO member Poland to scramble jets
(DBN)

Mongolia explained why it didn’t arrest Putin when he visited: oil
(DBN)

Russia creates underground trade network with India
(DBN)

____________

MENA:

Israeli hostage deaths ‘changed everything’ about Gaza cease-fire talks
(DBN)

Netanyahu derailed a potential Gaza hostage deal in July, Israeli newspaper reports US official lays out new details on Gaza ceasefire talks, says Netanyahu comments on Philadelphi Corridor not constructive Hostage families press Biden admin to make a deal with Hamas that doesn't include Israel Hostage killings and new demands cast doubt in White House that Hamas wants a deal Mediators Pushing to Bridge Gaps in Gaza Cease-Fire Plan, Officials Say Barak Ravid: Israel and Hamas closer to perpetual war than a ceasefire Israel's Netanyahu faces huge wave of anger over handling of war with Hamas as bloodshed continues in Gaza Netanyahu faces mounting protests and outrage but stands defiant on hostage deal demand
(DBN)

US Polling 'Nostradamus' Says Gaza Ceasefire Could Be Key to Election for Democrats
(DBN)

What Is the Philadelphi Corridor, and Why Does It Matter?
(DBN)

Gazans Grapple With Prospect of Israeli Presence Postwar
(DBN)

U.S. and Israel quietly discuss options to cool tensions with Lebanon
(DBN)

Iran is targeting the U.S. election with fake news sites and cyber operations, research says
(DBN)

____________

China:

Creditor files for liquidation of Evergrande NEV unit
(DBN)

PwC Resigns as Country Garden’s Auditor Amid Regulatory Probes Country Garden’s Home Sales Tank 57% as Liquidity Stress Worsens Country Garden Seeks Fresh Onshore Debt Overhaul as Sales Slump
(DBN)

These are the big election-related misinfo themes on Chinese-language social media
(DBN)

____________

Germany:

Volkswagen clashes with workers over cuts 'A declaration of bankruptcy': Unions lash out as Volkswagen weighs possible German plant closures Germany’s Image as Auto Superpower Hit by VW’s Slow Decline
(DBN)

____________

Mexico:

Mexico’s Lower House of Congress Approves President’s Judicial Overhaul Electing Judges in Mexico? It’s a Bad Idea Mexico judicial reform widens rift with US
(DBN)

____________

Australia:

Australian Economy Posts Weakest Growth Since Early 1990s
(DBN)

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Venezuela:

Human rights group implicates Venezuelan security forces in killings during post-election protests
(DBN)

____________

India:

Foreign creditor protection under India’s insolvency code
(DBN)

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