January 13, 2025

The Daily Bankruptcy News

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Law:

Biglaw Firm Dismays Associates With Increased Hours Requirement For Full Bonus
(DBN)

The Biglaw Lateral Market Is Hottest In This Practice Area
(DBN)

The Outlook On Law Firm Attendance Policies In 2025
(DBN)

Prosecutor ‘poisoned the morale’ of DA’s office with fake harassment texts, disbarment order says
(DBN)

Liquidator investigates LinkedIn’s ‘most followed lawyer’
(DBN)

Latham’s Leap Sees Profit Surge Propels Firm to New Heights Latham & Watkins to Enhance Partner Compensation Amid Robust Financial Performance
(DBN)

The Work Anywhere Strategy Sees Quinn Emanuel Lure Top Legal Talent
(DBN)

Lawyers Should Not Be Mad At Other Lawyers For Defending Their Clients
(DBN)

Compensation Scorecard: More Money For Small Firm Lawyers
(DBN)

UB Greensfelder's Managing Partner Shares Insights On What A Successful Law Firm Merger Looks Like
(DBN)

DOJ fights 3-day delay in releasing special counsel Trump Jan. 6 report Trump's co-defendants again seek to delay report Judge who blocked release of Trump report was ‘plainly’ wrong, special counsel tells appeals court Garland tells Congress he’ll provide Trump special counsel report to leaders when courts allow Mar-a-Lago co-defendants accuse government of dirty tricks over final Jack Smith report
(DBN)

Special counsel Jack Smith resigns Jack Smith ends with a footnote Donald Trump Claims 'Deranged' Jack Smith Was Fired Special counsel Jack Smith resigns from DOJ as Trump’s fight to block final report continues
(DBN)

Judge sentences Trump to unconditional discharge, no punishment in hush money conviction At Trump's sentencing, a measured judge confronts a president-elect Hush-money judge tells Trump his 'unconditional discharge' does not 'erase a jury verdict' Trump's sentencing ends with no punishment, as judge wishes him 'Godspeed' in his second term in office Trump was sentenced to ‘unconditional discharge.’ Here's what that means Trump says sentencing was ‘despicable charade’ Trump becomes first U.S. president sentenced as a felon Trump Told He Can No Longer Vote in Florida
(DBN)

Rudy Guiliani's Legal Strategy Is Performance Art Rudy Giuliani's Florida condo and World Series rings at stake in trial over assets Judge holds Giuliani in contempt for defaming Georgia election workers, again Rudy Giuliani held in contempt for second time this week Giuliani could face jail time for repeatedly defaming election workers Election workers say they have discovered additional incidents of Giuliani defaming them Trump caused uproar among top MAGA personalities with just two words
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Christopher Wray’s parting message to the FBI: ‘Maintain our independence’ Retiring FBI chief on "60 Minutes" addresses criticism from Trump, Biden Former FBI director Wray says he stepped down as Trump ‘intended to make a change’
(DBN)

JD Vance says Trump will pardon Jan. 6ers who ‘protested peacefully,’ not violent rioters JD Vance breaks from Trump, says violent Jan. 6 rioters 'obviously' shouldn't be pardoned
(DBN)

Oath Keeper whose wife told jury her husband wore 'Depends' on Jan. 6 gets time served
(DBN)

DC Circuit blocks accused 9/11 plotter’s plea after US balks
(DBN)

Homeless man 'with blowtorch' in LA is tackled and zip-tied by furious locals as cops confirm latest wildfire is arson Ventura County officials identify 'person of interest' in Kenneth fire Suspect admits to starting fire in Los Angeles as blazes persist Santa Monica Police make dozens of arrests in Palisades Fire evacuation zones Man impersonates firefighter to burglarize Malibu homes amidst wildfires: Sheriff
(DBN)

New Orleans attacker opened fire on police before they shot and killed him, bodycam video shows New Orleans attack raises familiar debate
(DBN)

Embarrassing internal CNN messages are revealed in court over Navy veteran's defamation case
(DBN)

Fox News asks judge to dismiss renewed defamation lawsuit filed by Jan. 6 participant
(DBN)

New Mexico supreme court strikes down local abortion pill restrictions
(DBN)

Deputy who crashed in bodycam footage was looking at p--- on his phone: sheriff's office
(DBN)

'They just got my uncle': Mass immigration arrests spark fear among farmworkers in Central Valley False reports of immigration sweeps in Los Angeles spread amid wildfires A surprising immigration raid foreshadows what awaits farmworkers and businesses Padilla says he is a ‘no’ on Laken Riley Act ‘as currently written’ Biden extends temporary status of nearly 1M migrants ahead of Trump deportations Number of Migrants Crossing Panama Jungle Falls Ahead of Trump
(DBN)

Eric Adams donor pleads guilty in straw donor scheme
(DBN)

Jay-Z Moves To Dismiss Lawsuit Tying Him To Diddy
(DBN)

Filing Suggests Google Paying Amici To Flood Docket With More Briefs
(DBN)

Prosecutors Want 15 Years for Bob Menendez
(DBN)

Dad who FaceTimed murder of 2-year-old daughter as horrified mom watched gets convicted
(DBN)

Florida woman allegedly injures 83-year-old employer after being denied Christmas bonus
(DBN)

Woman accidentally texts narcotics investigator instead of drug dealer for fentanyl: Cops
(DBN)

Upset man beat guest to death with fire extinguisher after being kicked out of hotel: Cops
(DBN)

Federal probe of 1921 Tulsa Race Massacre says 'no avenue' for criminal case in connection to attack
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Judges:

Top NY bankruptcy judge says Chapter 11 still works
(DBN)

BK SD FL: Courthouse Beacon News - January 2025
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BK MN: Judicial Law Clerk Opening to U.S. Bankruptcy Judge Katherine A. Constantine
(DBN)

RBG: The Scholar, the Harmonizer, and the Institutionalist
(DBN)

Steve Bannon Wants Amy Coney Barrett Off of Supreme Court: 'Disgrace'
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Trump 2.0 and the Return of ‘Court Politics’
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Wall Street:

Stock futures tick lower as Wall Street gears up for key economic data and the kickoff of earnings US stock futures slump; bank earnings, consumer inflation in focus Stocks tumble as traders cast doubt over 2025 rate cuts
(DBN)

Dow Plunges Nearly 700 Points
(DBN)

Blowout Jobs Report Fuels Wall Street Fear of ‘Lose-Lose’ Market
(DBN)

US Stock Market Faces Reality Check in High-Bar Earning Season
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Layoffs:

Mark Zuckerberg says AI could soon do the work of Meta's midlevel engineers
(DBN)

Pa. hospital system is laying off 171 employees
(DBN)

Mass layoff coming to Cherry Circle Room at Chicago Athletic Association
(DBN)

Wayfair to exit Germany, cut 730 jobs
(DBN)

Ally lays off hundreds of employees
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Politics:

Donald Trump, once shunned in Washington, is being feted by a new coalition
(DBN)

‘I Think Things Are Going to Be Bad, Really Bad’: The US Military Debates Possible Deployment on US Soil Under Trump
(DBN)

Trump seeks to get GOP in line ahead of second term Trump's Hill weapon
(DBN)

Rust belt voters on why they backed Trump again despite his broken promises
(DBN)

Trump's Cabinet disruptors soften key views as hearings loom Republicans urge Trump nominees: Don’t take the bait from Democrats Trump announces newest White House aide nominees Trump’s Cabinet picks face tests of loyalty during upcoming confirmation hearings Rubio nomination complicated by attack on Musk’s Tesla and China’s ban Trump’s Second-Term Cabinet Is More Diverse Than His First
(DBN)

White Christian nationalists are poised to remake America in their image during Trump’s second term, author says
(DBN)

Trump's company isn't banning private foreign deals during his presidency Trump Organization’s Ethics Plan Loosens Curbs on Foreign Deals
(DBN)

George W. Bush declines to shake Donald Trump's hand at Jimmy Carter's funeral
(DBN)

Karen Pence's Reaction To Donald And Melania Trump At Jimmy Carter's Funeral Is Going Viral Pence said he congratulated Trump on his win at Carter’s funeral
(DBN)

Duckworth: Trump’s Pentagon pick has less experience than Applebee’s manager
(DBN)

Consultant who called Trump an ‘environmental hero’ to get environmental job in new administration
(DBN)

The Art of the Deal (Greenland edition) We Went to Greenland to Ask About a Trump Takeover One poll finds majority of Greenland respondents support joining US Greenland's leader says his people don't want to be Americans as Trump covets territory Greenland PM ‘ready’ to talk with Trump JD Vance says there's "a deal to be made in Greenland" Stavridis says Trump’s plan for Greenland ‘not a crazy idea’ Trump joins history’s long line of suitors coveting Greenland Trump's Tariff Threat Against Denmark Risks Showdown With European Union Trump's Strategic Vision: Why Greenland Holds Key Importance Greenland PM Seeks Boost to Economy Amid Independence Drive
(DBN)

Panama Canal administrator pushes back against Trump's assertions of Chinese meddling Panama’s president privately threatens to take Trump to UN Security council There’s More to Trump’s Bluster Over the Panama Canal Than You Think
(DBN)

Trump’s talk of expansion puts world leaders on alert
(DBN)

Musk Blames Black Firefighters for LA Fires Why right-wing influencers are blaming the California wildfires on diversity efforts Gov. Gavin Newsom slams Trump's disinformation about California wildfires Barrasso predicts ‘strings attached to money’ for California fire aid GOP rep suggests California relief aid should be withheld over state policies GOP Sen. Britt says Trump will ‘make sure the people of California have what they need’ Newsom announces executive order centered on rebuilding after fires Adam Schiff wants independent commission to review wildfire response ‘Half the Country’s Thinking Magically’: California Fire Victims Grapple with the Political Paralysis Over Climate Change Fact-check: Los Angeles fires fuel falsehoods, including by Trump about water management
(DBN)

Steve Bannon Goes Nuclear on ‘Truly Evil’ and ‘Racist’ Elon Musk, Pledges ‘To Take This Guy Down’ Meloni's power friendship with Elon stirs controversy in Italy
(DBN)

Donald Trump on interaction with Barack Obama: ‘I don’t know, we just got along’
(DBN)

House GOP puts Medicaid, ACA, climate measures on chopping block
(DBN)

Biden to deliver prime-time farewell to nation on Wednesday from Oval Office
(DBN)

Key Republican claims Bob Woodward told him Biden was financially corrupt ‘He is peddling stories’: Bob Woodward denies Republican’s claim he said Biden was corrupt
(DBN)

Have the past 10 years of Democratic politics been a disaster?
(DBN)

DeSantis university board appointee says women should pursue motherhood, not careers
(DBN)

Kamala Harris lost. Some donors are still funding a ‘victory.’
(DBN)

Biden awards Pope Francis Presidential Medal of Freedom with distinction
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Consumer Finance:

Buy-now-pay-later services make it very easy to spend — and influencers are sounding the alarm
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Education:

University of the Arts lands $8.3M in bids for 2 buildings
(DBN)

College tuition has fallen significantly at many schools
(DBN)

A looming 'demographic cliff': Fewer college students and ultimately fewer graduates
(DBN)

Some US lawmakers want more Christianity in the classroom. Trump could embolden their plans
(DBN)

Educators worry about how to talk immigration with families facing mass deportations
(DBN)

Principal who used toy gun to threaten students will not be saved by plastic: Lawsuit
(DBN)

Principal allegedly framed in fake racist rant sues athletic director, school
(DBN)

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Food/Beverage:

5 American Steakhouse Chains in Danger of Shuttering Amid Slumping Sales
(DBN)

The Rise And Fall Of Buca Di Beppo
(DBN)

The New Temperance Is All About Health
(DBN)

$1 extra fries? McDonald’s value menu marks how chains are adapting . . . or closing.
(DBN)

Chuck E. Cheese's bounces back from bankruptcy through subscription service, trampolines
(DBN)

Unsanitary conditions led to deadly Boar's Head listeria outbreak, USDA report finds
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Funeral Industry:

Bankruptcy judge allows Lebanon County funeral home to refinance $2.6M of debt
(DBN)

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Steel:

Biden administration delays enforcement of order blocking Nippon Steel and U.S. Steel deal
(DBN)

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Economy:

US Hiring Beats Expectations In December To Cap Solid Year December Employment Report: 256 thousand Jobs, 4.1% Unemployment Rate Comments on December Employment Report US Added 256,000 New Jobs in December The US economy ended 2024 with a bang, adding more jobs than expected in December while unemployment ticked down Fed rate cuts are already over after they barely started as blowout jobs report shifts focus to hikes, BofA says
(DBN)

US Lost 87,000 Factory Jobs in Otherwise Strong Labor Market
(DBN)

Goldman on Employment Report and FOMC
(DBN)

Q4 GDP Tracking: 1.8% to 2.7% Range
(DBN)

US Consumer Inflation Expectations Jump to Highest Since 2008
(DBN)

Former Fed Vice Chair Sees No Risk to Fed Autonomy Under Trump
(DBN)

Fox News Host Confronts JD Vance With Joe Biden's 'Good' Jobs Numbers
(DBN)

Can Low Unemployment Last Under Trump?
(DBN)

Krugman: This Economy Is Too Good for Donald Trump
(DBN)

Where new jobs were in 2024, and potential growth areas in a second Trump term
(DBN)

The 25 fastest-growing jobs in the US
(DBN)

Hot jobs surprise gives Fed breathing room Strong US Jobs Report Backs Case for Pause in Fed Rate Cuts The Impact of Strong Job Gains on U.S. Inflation and the Federal Reserve's Plans
(DBN)

Trump’s plan for mass deportation could have a big effect on prices
(DBN)

Trump Tariff Fears Pushing Global Rates Higher, IMF Chief Says
(DBN)

Canada Plots Broad Tariff Retaliation If Trump Starts Trade War Canada’s Trudeau urges US consumers to consider the harm of Trump’s tariff threats
(DBN)

Jamie Dimon on Why Donald Trump Won: 'Legitimate Issues' Jamie Dimon Advocates for Tariffs to Address Competition and Security Concerns
(DBN)

Biden advisers warn U.S. to go big after next economic shock
(DBN)

A Bond Selloff Is Rocking the World. You Might Want to Take the Other Side - WSJ
(DBN)

SALT-focused Republicans to meet with Trump as they threaten to hold up bill Trump tells House Republicans to find a 'fair number' on SALT Tax break for homeowners on table as blue-state Republicans huddle with Trump A delay in GOP’s tax plans could push up costs by hundreds of billions House Republicans face massive debt problem
(DBN)

Forget New York: Gen X is following boomers to retirement-friendly places like Florida
(DBN)

Gen Xers and millennials aren't ready for the long-term care crisis their boomer parents are facing
(DBN)

I hired a Gen Z intern, and she 'quiet quit' in a week. I realized the problem was me and my company.
(DBN)

Why some companies are fumbling their RTO plans
(DBN)

Economist Warns Trump Plan May Speed Up SS Insolvency
(DBN)

Krugman: Will Trump cook the books?
(DBN)

Trump frustrated with GOP lawmakers over debt-limit quandary House Republicans and Trump discuss tying California wildfire aid to debt ceiling
(DBN)

Pentagon Spends Billions on Unneeded Stuff
(DBN)

It’s not just Gen X parents in suburbia who are enduring a supercommute: Even DINKS and Gen Z are embracing the 5am to 9pm
(DBN)

American Airlines' focus on ESG in retirement plan is illegal, US judge rules
(DBN)

Chinese Trade Surplus Soars to $1 Trillion Ahead of Trump Return
(DBN)

China Exports More to Vietnam Than Japan for First Time as Supply Chains Shift
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Man sues Common after rooming with alleged serial killer
(DBN)

An elderly couple spent a staggering $840,000 moving into a New York retirement home — then it went bankrupt
(DBN)

Three-fourths of homeowners may not have enough insurance to fully cover losses after a disaster, study says
(DBN)

The Insurance Crisis That Will Follow the California Fires Rising concerns over CA FAIR Plan's financial capability due to LA wildfire costs Their houses burned down. Now, they are fighting for the few homes left on the market LA Renters Hit With Massive Price Gouging During Wildfire Chaos They lost their home insurance policies. Then came the fires California Fire Victims Whose Insurance Was Cut Have Few Legal Options Insurance commissioner issues moratorium on home policy cancellations in fire zones California lawmakers to consider expediting insurance claims after L.A. fires Who Pays to Rebuild California When Insurance Falls Short? Everyone Else Fire home insurance: What people in California should not do Luigi Mangione Resurfaces As Symbol of Anger Against California Insurers
(DBN)

Rents likely to balloon in wake of L.A. wildfires, experts say
(DBN)

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Municipalities:

How a government struggling with debt navigated towards a brighter future
(DBN)

Congestion pricing to drive up the cost for NYC beer hounds: Another ‘nail in the coffin’
(DBN)

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Oil/Gas:

China's electric car sales grow in 2024, as sales of gasoline cars plunge
(DBN)

Why Biden’s Farewell Russian Oil Trade Sanctions Are a Big Deal
(DBN)

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Utilities:

California’s Wildfires Are a $9 Billion Threat to Power Companies
(DBN)

Fire agencies to probe potential Southern California Edison link to Hurst Fire
(DBN)

Edison International, other utilities to trade at discount on fire risk, analysts say Edison denies LA wildfire involvement as insurers ask it to preserve evidence
(DBN)

Did power lines help start the L.A. fires? What we know.
(DBN)

Power could be out for days for hundreds of thousands, even far from L.A. wildfires
(DBN)

In Hottest Year Ever, US Homes Used a Record Amount of Power to Keep Cool
(DBN)

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Tech:

Zuckerberg says Biden officials would ‘scream,’ ‘curse’ at Meta team over COVID takedown requests Zuckerberg Says Most Companies Need More ‘Masculine Energy’ Why Meta had to ‘bend the knee to Trump’ ahead of his inauguration Zuck's Own Board Co-Chair Knifes Him Over MAGA Makeover Brazil Gives Meta 72 Hours To Explain New Fact-check Policies Meta Abandons Racial Diversity Programs In Further Right-wing Shift Mark Zuckerberg lies about content moderation to Joe Rogan’s face Mark Zuckerberg takes another shot at Apple and says it's 'squeezing people' for money Zuckerberg urges Trump to stop the EU from fining US tech companies
(DBN)

Supreme Court casts doubt on TikTok's free-speech defense as shutdown law is set to take effect Here's What the Supreme Court's TikTok Case Is Really About Supreme Court seems likely to uphold TikTok ban as deadline nears If TikTok is banned in the US, what happens to the app on your smartphone? Ahead of ban, TikTok creators ask fans to find them on Instagram, YouTube TikTok warns of broad consequences if Supreme Court allows ban
(DBN)

I Have No Idea What Peter Thiel Is Trying to Say and It’s Making Me Really Uncomfortable
(DBN)

IPhone Sales Drop 5% in Holiday Quarter After AI Disappoints
(DBN)

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Healthcare:

Prospect Medical Holdings files for bankruptcy US hospital chain Prospect Medical Holdings files for bankruptcy Prospect bankruptcy raises concerns for Roger Williams, Our Lady of Fatima Hospital Crozer Health’s owner filed for bankruptcy protection Prospect Medical files for bankruptcy. Here's what it means for its two RI hospitals Parent company of 3 struggling CT hospitals files for Ch. 11 bankruptcy Prospect Medical Holdings files for bankruptcy after owners took hundreds of millions in payouts Healthcare system present in multiple states files for bankruptcy protection Medical Properties tenant Prospect Medical Files for bankruptcy protection: report Multi-billion dollar healthcare network files for bankruptcy; seeks sale of Pennsylvania hospital Healthcare system present in CA files for bankruptcy protection
(DBN)

Closed North Carolina hospital to be sold or leased
(DBN)

Surprise sale of Sharon Regional approved by bankruptcy court to Tenor Health
(DBN)

Hospital margins dip to 3.3%
(DBN)

SCOTUS agrees to hear challenge to Obamacare’s preventive care coverage Supreme Court to weigh reinstating Obamacare care requirements struck down by lower court
(DBN)

Here’s the Real Number of Children Receiving Gender-Affirming Medical Treatment
(DBN)

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Student Debt:

Court adds student loan bankruptcy case Supreme Court takes up Biden’s proposal to expand relief for borrowers defrauded by schools Student Loan Debt: Supreme Court to Review Policy that Forgave $17 Billion
(DBN)

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Maritime:

Germany Battles To Secure Stricken 'Russian Shadow Fleet' Oil Tanker
(DBN)

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Banking:

U.S. bank crisis imminent? American banks face $329B in unrealized losses
(DBN)

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Military:

Surge of Female Enlistments Helped Drive Army Success in Reaching 2024 Recruiting Goal
(DBN)

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Climate:

Climate change contributed to a week of wild weather that upended life in the US
(DBN)

Sen. Whitehouse: Effects of climate change could plummet the U.S. economy
(DBN)

‘We’re in a New Era’: How Climate Change Is Supercharging Disasters
(DBN)

L.A. fire losses will set records, but that's only the beginning Los Angeles faces little relief from fires as winds persist; death toll rises to 24 The LA county wildfires could be the costliest in US history, early estimates say L.A. small-businesses see years of work reduced to ash Evacuation zone for Palisades Fire expanded as LA blazes now span over 37,000 acres As Los Angeles Fires Burn, Residents Turn to Nonprofit Watch Duty Los Angeles Fire Pushes Northeast to Threaten Bel Air, Brentwood 24 dead as fire crews try to corral Los Angeles blazes before winds return this week Narrow Roads, Deep Canyons: Perfect Firetrap Paradise lost along Pacific Coast Highway Red flag warning points to new wildfire dangers in Southern California, lasts until Wednesday eve Los Angeles braces for stronger winds as wildfires continue to spread See the current size and status of the fires In 'a mass erasure of heritage,' numerous historic landmarks lost in L.A. A Rare Middle-Class Paradise in L.A. Was Swept Away by Flames At least 16 dead & 150k evacuated in LA wildfires as pics show celeb enclave covered in pink chemicals to slow blaze 16 dead, 16 missing as fire crews try to corral Los Angeles blazes before winds return this week U.S. military is ready to respond to California wildfires, FEMA’s Criswell said LA’s rich & famous hiring $2,000-an-hour private firefighters to protect million-dollar homes & businesses sparking fury Terrified residents trapped in gridlock traffic as they try to escape LA wildfires after flames surround celeb enclave Fire watch for gusty winds, low humidity threatens more devastation in California LA fire chief says city failed residents in wildfire prep, budget cuts: 'Screaming to be properly funded' Here's how much Los Angeles firefighter leadership is paid amid wildfires L.A. fire chief meets with mayor after saying the city failed her agency Did Mayor Karen Bass really cut the fire department budget? The answer gets tricky L.A. Mayor Karen Bass faces political crisis over trip, budgets amid fires LA's fire chief is at the center of a public spat with City Hall as wildfires rage California fires will be one of the worst natural disasters in U.S. history, Gavin Newsom says What ignited the deadly California wildfires? Anger and resentment rise in Los Angeles over fire response The Destruction of LA in Photos Inconvenient truths about the fires burning in Los Angeles from two fire experts Congress braces for California wildfire fallout Newsom calls for independent investigation of LA Department of Water and Power Trump shoots his mouth off as L.A. burns. His claims about fire hydrants don't hold water Why fire hydrants ran dry as wildfires ravaged Los Angeles LA's $750k-a-year water chief Janisse Quiñones 'knew about empty reservoir and broken hydrants' months before fires Fact checking Trump's claims about the California wildfires  Fact check: Could brush clearance have prevented the Palisades Fire? Major Pacific Palisades Reservoir Was Offline And Empty When Fires Broke Out Newsom invites Trump to California amid wildfires response feud Newsom implores Trump to visit LA fire destruction, not politicize tragedy National Guard arrives in L.A., curfews planned to crack down on looting in fire-ravaged areas 'We don't know half of it.' L.A. firestorm death toll expected to rise as searchers go door to door 'Apocalyptic': ghastly remains of Malibu come into focus As wildfires rage, private firefighters join the fight for the fortunate few 5 looming questions about California’s devastating wildfires L.A. County to use teeth, DNA to identify John and Jane Doe fire victims After frantic evacuations, Palisades residents desperate to access homes With their Los Angeles-area homes still smoldering, families return to search the ruins for memories Pacific Palisades residents return, discover 'our whole world got taken from us' 'It's been insane': Amid fires, hotels from O.C. to Palm Springs see a rush of Angelenos Untouched palm trees spark wildfire conspiracy theories How a ‘warrior’ brain surgeon saved his Malibu street from wildfires and looters LA wildfires spark odd conspiracy theories disaster is part of ‘smart city’ plot ‘A miracle.’ James Woods posts on X that his house survived Los Angeles wildfires In One of L.A.’s Richest ZIP Codes, Food Service Workers Also Lost Their Homes The psychological toll of California's catastrophic fires 'This is your Hurricane Katrina': Former FEMA heads describe long road ahead for L.A.
(DBN)

Climate change parches Western US, providing fuel for fires Climate change plays key contributing role in LA fires
(DBN)

The most horrific wildfires in recent US history have one key feature in common
(DBN)

EU: 1.5C Limit Breached Two Years in a Row 2024 was Earth's hottest year on record, exceeding Paris target
(DBN)

Is FEMA Kicking Hurricane Survivors Out of Housing? Administrator Responds
(DBN)

Texas AG drops probe of major US banks after exodus from climate alliance
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (99 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Urgent warning to Americans as key economic indicator hits highest level since 2008 financial crisis
(DBN)

Record PE Portfolio Company Bankruptcies
(DBN)

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Mass Torts:

Purdue Pharma: At the Intersection of Mass Tort and Bankruptcy
(DBN)

Purdue’s Sacklers Back New Bankruptcy Settlement for Opioid Lawsuits
(DBN)

McKinsey Guilty of Destroying Opioid Records
(DBN)

Sale of Alex Jones' Infowars to return to Houston court following rejected bankruptcy auction
(DBN)

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Bankruptcy Policy:

BAPCPA: A Failure For Consumers . . . But A Success For Easy Credit And Ineffective Bankruptcy Relief! (A Study)
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UST:

Matthew W. Cheney Appointed as Acting U.S. Trustee for Maryland, South Carolina, Virginia, West Virginia and the District of Columbia
(DBN)

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Intercreditor:

Serta - Fifth Circuit Decision
(DBN)

US Court of Appeals overturns Serta Simmons ‘uptiering’ decision
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Sales:

Delaware Bankruptcy Court Denies Healthcare Debtors’ Request to Enter into Nonbinding Commitment Letter
(DBN)

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D&O:

Del. Court: Bump Up Exclusion Doesn’t Bar Coverage for Post-Merger Suit Settlement
(DBN)

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Aviation:

How Many Aircraft Has Spirit Airlines Retired Amidst Its Bankruptcy
(DBN)

Why Airlines Are Optimistic About 2025
(DBN)

Delta flight evacuated on tarmac after takeoff aborted
(DBN)

Airbus had a way better 2024 than Boeing, delivering 766 commercial aircraft
(DBN)

The Very Long Wait for Jeff Bezos’ Big Rocket Is Coming to an End
(DBN)

A drone collided with one of the only Super Scooper planes fighting the LA wildfires, grounding a key resource
(DBN)

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Entertainment:

For Hollywood workers, L.A. fires are the latest setback as productions halt
(DBN)

Global Box-Office Decline Was Even Steeper Than in US Last Year
(DBN)

Hollywood Stars in Its Own Disaster As Fires Ravage Los Angeles - WSJ
(DBN)

Hollywood Stars In Its Own Disaster As Fires Ravage Los Angeles
(DBN)

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Religion:

Southern California wildfires destroy or damage many houses of worship
(DBN)

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Celebs:

Denise Richards Faces Legal Action as Creditors Seek Debt Payment from Husband Aaron Phypers.
(DBN)

How Kate Middleton's Parents Really Lost So Much Money
(DBN)

Cardi B & Tasha K Set For Epic Two-Day Court Battle
(DBN)

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Batteries:

Struggling Northvolt sells remaining stake in battery recycler to Hydro
(DBN)

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Personal Finance:

My husband and I paid off $80,000 of student debt during the pandemic, but now I wish we hadn't
(DBN)

Never, ever get a new phone number
(DBN)

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Retailing:

Retailer Joann Considers Second Bankruptcy Filing in a Year
(DBN)

Macy's will close 66 stores this year Downtown Los Angeles Macy’s is among 150 locations to close Macy's expects holiday-quarter sales below prior expectation
(DBN)

PA Attorney General expresses concern over Big Lots future
(DBN)

Kohl's to close dozens of "underperforming" stores in California, 14 other states
(DBN)

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Hotels:

Big San Jose hotel tower attracts new lender in bid to avoid foreclosure
(DBN)

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Crypto:

FTX Set to Drop $16B Creditor Payouts: First Wave Hits in Feb
(DBN)

What to expect from new crypto legislation on the crime prevention side of it
(DBN)

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Humor:

Enron Is Back. Could This Possibly Be Real?
(DBN)

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Autos:

Tesla's easy money from clean car credits at risk under Trump Why one of Europe's largest pension funds sold its entire $585 million stake in Tesla
(DBN)

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Sovereigns:

IMF Reveals Stark Assessment of Argentina's $44 Billion Agreement
(DBN)

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UK:

Top 10 Predictions for 2025 in UK Restructuring and Insolvency
(DBN)

‘Bankruptcy’ warning as Teignbridge District Council floats budget plans
(DBN)

City Hall to sell-off 1,200 council houses and axe two more housing projects in shock budget plans
(DBN)

Blue-blooded tech firm Afiniti files for bankruptcy
(DBN)

UK Gas Reserves 'Concerningly Low', Warns Biggest Supplier
(DBN)

Weight loss drugs 'could bankrupt the NHS
(DBN)

Nigel Farage issues defiant five-word dig at Elon Musk as row deepens
(DBN)

Forget Elon Musk — here’s what’s really terrifying the UK government
(DBN)

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EU:

More ECB Cuts Needed Irrespective of Fed Moves, Rehn Says
(DBN)

Europe is divided over Trump's call for NATO members to boost defense spending to 5% of GDP
(DBN)

____________

Canada:

More insolvency issues hit indebted Lower Mainland developer
(DBN)

The Supreme Court of Canada Clarifies the Doctrine of Corporate Attribution
(DBN)

Developer's debt woes worsen as more Metro Vancouver condo projects face insolvency
(DBN)

Canadians' financial stress ramping up despite interest rate cuts: MNP
(DBN)

____________

Venezuela:

US hits Venezuela with new sanctions after Maduro’s ‘illegitimate’ inauguration The US announced a $25m reward for the arrest or conviction of Venezuelan President Nicolás Maduro
(DBN)

____________

Russia:

Trump says he will meet with Putin to discuss end of Russia-Ukraine war Trump can use Russia’s space program to end the war in Ukraine Trump Aide Floats Push for Ukraine to Lower Conscription Age
(DBN)

Ending Russia-Ukraine war will take time and effort, Mike Waltz says
(DBN)

Ukraine doubles down on Kursk ahead of Trump taking office
(DBN)

Battles Rage Inside Russia, With Waves of Tanks, Drones and North Koreans
(DBN)

Russia-Ukraine Drone War Enters New Phase
(DBN)

Ukraine gambled big in its daring assault into Russia's Kursk. Was it worth the risk?
(DBN)

Biden levies new sanctions against Russian energy sector, but it's up to Trump whether to keep them Russia Says US Risks Global Energy Instability With New Sanctions The US is tightening its grip on one of the key pillars of Russia's economy
(DBN)

Russian 'shadow fleet' tankers carrying 2 million barrels of crude idling off China’s coast Russian LNG Cargo Caught in Latest U.S. Sanction Package
(DBN)

____________

South Korea:

South Korea's far right borrows from Trump's playbook to bolster impeached Yoon
(DBN)

____________

MENA:

Non-Performing Assets in The UAE
(DBN)

Israel’s Netanyahu sends Mossad director to Gaza ceasefire talks in Qatar in sign of progress Hamas Says Fate Of Hostage Depends On Netanyahu Trump envoy presses for Gaza ceasefire deal before Jan. 20 in Netanyahu meeting Biden and Netanyahu speak as Gaza negotiations reach critical point Palestinian senior official claims more than 3,000 terrorists to be released in deal
(DBN)

Gaza Rescuers Say Eight Dead In Israel Strike On School Building Health Ministry In Hamas-run Gaza Says 32 Killed In 48 Hours Gaza Death Toll 40% Higher Than Stated
(DBN)

____________

Netherlands:

Bankruptcy rate rises 30%, but is still well down on last crisis
(DBN)

____________

Germany:

More German companies filing for bankruptcy in 2024
(DBN)

German Far-right Outlines Radical Programme As Protesters Rally Germany’s far right seeks electoral legitimacy from Trump administration
(DBN)

____________

Australia:

Star Casino group's implosion could cost thousands of jobs - as fears grow the gaming giant could go out of business within weeks Star Entertainment has burned through $107 million in three months. What's next if insolvency strikes?
(DBN)

____________

India:

IBBI mandates exclusive use of eBKray for liquidation asset auctions
(DBN)

____________

China:

Sunac liquidation suit hammers shares, renews property debt crisis concerns Sunac China shares, bonds sink after liquidation petition filed against developer SUNAC Swells 10%+ as Domestic Debt 2nd Restructuring Said to Pass China developer that led the way on debt overhaul at risk again
(DBN)

Creditors pursue court action against developers Evergrande, Shimao amid housing slump
(DBN)

Country Garden yet to get key bondholders’ support for debt plan
(DBN)

China's Shimao drops 15% after developer receives liquidation petition
(DBN)

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom
(DBN)

____________

Austria:

Bankruptcy year: huge increase in all areas
(DBN)

____________


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