July 26, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firm Hit With Class Action Over Wages
(DBN)

A Look At Diversity In Biglaw Equity Partnership
(DBN)

Law Firms Should Ditch the Rigid Mindset for a Disruptive Model
(DBN)

Leader Of Elite Top 50 Biglaw Firm Is Backing Kamala Harris In A Major Way
(DBN)

Bountiful Biglaw Bucks Are Headed Straight For Kamala's Campaign Coffers
(DBN)

Law firm chair blames staff for £121k fine
(DBN)

‘The World’s Largest Global Law Firm’ Snags a Longtime EY Veteran
(DBN)

Biglaw Partner Leaves Firm After Drunk Driving
(DBN)

Class of 2020 moves jobs, has less debt and is concerned about mental health, study says
(DBN)

Biglaw Firm Picks Up 20 Partners From Neighboring Competition
(DBN)

Chicago lawyer writes about being GOAT at New Yorker Cartoon Caption Contest
(DBN)

Quinn Emanuel Queried by Judge on $185 Million ‘Windfall’ Fee
(DBN)

Suit Alleges Anti-White Bias In Tax Law Hiring Despite Virtually All Tax Lawyers Being White
(DBN)

Is this a key moment for the bar exam?
(DBN)

The Best Law Schools For Minority Students (2024)
(DBN)

Judge threatens to sanction Hunter Biden’s attorneys for ‘false statements’
(DBN)

Judge refuses to recuse himself from Trump civil fraud over 'nothingburger' attorney chat
(DBN)

QAnon Shaman demands ends to supervised release, wants to get his helmet and spear back
(DBN)

New filing reveals timeline for Jack Smith to potentially reverse Judge Cannon's dismissal Appeals court sets Jack Smith deadline to file brief after dismissal of Mar-a-Lago case
(DBN)

Manhattan DA fires back at Trump demand to throw out hush-money conviction
(DBN)

Giuliani Bankruptcy Lingers as $400,000 Lawyer Bill Goes Unpaid Giuliani remains in bankruptcy limbo over unpaid fees Judge no longer sure of Giuliani bankruptcy dismissal, threatens to put him 'under oath' Rudy Giuliani Faces $10 Million Sexual Harassment Case After Bankruptcy Ends Bankruptcy judge threatens to force Giuliani to testify about finances
(DBN)

DOJ watchdog slams Barr for sharing non-public info with Trump on 2020 probe
(DBN)

New York tells SCOTUS that Missouri's lawsuit to stop Trump's sentencing is 'dangerous'
(DBN)

Former Kentucky county clerk Kim Davis, who opposed gay marriage, appeals ruling over attorney fees
(DBN)

Harvey Weinstein in hospital with Covid and double pneumonia
(DBN)

Whitmer signs law banning gay and trans ‘panic’ defenses
(DBN)

Secret DEA files show agents joked about rape in a WhatsApp chat. Then one of them was accused of it
(DBN)

Uvalde, Texas, school officer pleads not guilty to charges of failing to protect kids during attack
(DBN)

Woman imprisoned for abortion, charged with murder, can sue prosecutors, sheriffs for $1M
(DBN)

Newsom issues executive order for removal of homeless encampments in California
(DBN)

These 51 members of Congress have violated this conflict-of-interest law
(DBN)

Punishing first grader for ‘Black Lives Mater’ drawing violates First Amendment, appeal argues
(DBN)

Prisons & State AG Keep Refusing Court Orders To Let Innocent People Out Of Jail Exonerated man kept in prison by last-minute order from Missouri Supreme Court
(DBN)

FedEx driver steals French bulldog, then leaves her in truck where she died in heat: Cops
(DBN)

Two top figures in Mexico's Sinaloa drug cartel in US custody
(DBN)

Teen accused of derailing train, recording the crash and posting it online
(DBN)

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Judges:

BK ED NY: Bankruptcy Judgeship Vacancy
(DBN)

Man accused of threatening judges in Trump cases, others
(DBN)

Why the Supreme Court loves to reward the rich and powerful
(DBN)

Is This The Roberts Court Or The Clarence Court?
(DBN)

Elena Kagan calls for better enforcement of Supreme Court’s ethics code Justice Elena Kagan says Supreme Court’s code of conduct needs an enforcement plan. Takeaways from her wide-ranging comments.
(DBN)

97-year-old federal appeals judge should be suspended another year for exam refusal, panel says
(DBN)

Supreme Court justices are writing more concurrent opinions to accompany rulings
(DBN)

'Lady Trump' judge suspended with pay after allegedly defrauding police charity
(DBN)

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Wall Street:

Dow futures pop more than 200 points as investors prepare for Fed’s preferred inflation gauge
(DBN)

S&P 500, Nasdaq close lower Thursday as tech comeback attempt falters
(DBN)

BofA Says Cooling Economy Will Crack Big Tech Rally Even More
(DBN)

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Layoffs:

Nearly 400 Terminated As CA Wine Company Files For Bankruptcy
(DBN)

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Media:

Gateway Pundit Bounced From Bankruptcy For Bad Faith The Gateway Pundit has bankruptcy case dismissed in harsh opinion Federal Court Dismisses Gateway Pundits' Bankruptcy Case, Citing Bad Faith Filing Far-right Gateway Pundit kicked out of bankruptcy, exposing it to lawsuits Far-right Gateway Pundit sought bankruptcy protection in ‘bad faith’ to avoid 2020 defamation suits, judge rules
(DBN)

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Healthcare:

Senators subpoena Steward Health Care CEO Ralph de la Torre to testify publicly Steward Health Care to face Senate investigation as committee approves bankruptcy probe Steward Health Is a Case Study in Executive Greed
(DBN)

Care gaps grow as OB/GYNs flee Idaho
(DBN)

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Agribusiness:

What to know about Project 2025’s plan for agriculture, and how it could lead to ‘real chaos’
(DBN)

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Autos:

Ford shares, on pace for worst day since 2009, lead autos rout after company’s disappointing earnings
(DBN)

Elon Musk’s Wild Week Raises Fears Over His Empire’s Future
(DBN)

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Economy:

U.S. economy grew at a 2.8% pace in the second quarter, much more than expected BEA: Real GDP increased at 2.8% Annualized Rate in Q2 U.S. economy surprises with strong 2.8% growth rate in second quarter The economic slowdown that wasn't The US economy grew way faster than expected this spring
(DBN)

Fed seen signaling September rate cut at next week’s meeting
(DBN)

Weekly Initial Unemployment Claims Decrease to 235,000
(DBN)

Overdue credit card balances hit their highest level in more than a decade
(DBN)

Percent Change of Interest Paid on U.S. Consumer Debt Since 1997
(DBN)

Biden's Economic Message Failed With Voters. Can Harris Do Better?
(DBN)

Why Is the Government Encouraging a Taxpayer Bailout?
(DBN)

2025 Could Be a Great Time to Be President, Economically Speaking
(DBN)

Kids? A Growing Number of Americans Say, ‘No Thanks.’
(DBN)

Cost-of-Living Crisis Takes Toll on Sales of Food, Cars, Luxury
(DBN)

Spending fight turns to stopgap as House GOP stumbles House's Six Week Break Sets Up Shutdown Again
(DBN)

Plan to tax super-rich divides at G20 meet in Rio
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Realtor.com Reports Active Inventory Up 36.9% YoY
(DBN)

A $1 million starter home? It's the norm in 237 cities
(DBN)

Florida Homeowners See Resale Value Plunge in Multiple Cities
(DBN)

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Municipalities:

Los Angeles Bridges Are Being Stripped of Metal and Sold for Scraps
(DBN)

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Oil/Gas:

Calif. Not Enforcing Its Oil Well Cleanup Laws
(DBN)

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Politics:

Harris stresses rights, freedom in first campaign video Obama to throw his full support behind Harris Who Kamala Harris picks for her running mate will show where her campaign sees its path to victory The 2024 Map Just Got a Major Shakeup How Harris' campaign launch has reshaped the 2024 race Harris opens up early edge with young voters How California Democrats learned to stop worrying and love Kamala Harris Harris campaign hits Trump over Fox News interview: ‘This guy shouldn’t be president ever again’ Labor activist Dolores Huerta endorses Harris: ‘She fights relentlessly’ Analysts see Harris walking "energy tightrope" House GOP approves resolution condemning Harris as ‘Border Czar’ Half-dozen Dems join GOP in condemning Harris’ work on the border "Uncommitted" voters could back Harris if Israel-Gaza stance shifts: delegates Older Democratic voters excited by Harris GOP faces time crunch to define Harris to voters Family, Friends and Longtime Aides Dominate Kamala's Inner Circle - WSJ As Trump unloads on Harris, even his supporters see her gaining ground ‘Kamala the cop’ or ‘soft as Charmin’? Rival narratives about Harris’ crime record could shape the election VP Harris releases first campaign ad featuring Beyoncé song Harris Narrows Gap Against Trump, Times/Siena Poll Finds Harris Narrows Gap Against Trump, Times/Siena Poll Finds Noonan: The Kamala Harris Surprise - WSJ “Mega versus MAGA” – Jim Cramer comes out swinging for Kamala Harris Former President Obama and Michelle Obama endorse Harris Trump struggles to find line of attack against Harris: ‘They are literally grasping at straws’ CNN survey finds 48 states say Harris can get on ballot instead of Biden, rejecting claim switch breaks state laws
(DBN)

Biden’s doctor defends ‘excellent’ mental acuity, insists prez doesn’t have Parkinson’s-related ailment
(DBN)

Harris slams ‘despicable’ protests at DC’s Union Station during Netanyahu visit Buttigieg rebukes Gaza war protesters for defacing public property White House condemns protesters for burning American flags in DC Anti-Netanyahu protest leaders accuse White House of ‘slander’ Harris: I won’t be silent on suffering in Gaza Netanyahu irked by "critical" Harris comments Fact-checking Netanyahu’s address to Congress
(DBN)

Netanyahu protested to White House about U.S. sanctions on Israeli settlers
(DBN)

Fox News invites Harris, Trump to Sept. 17 debate in Pennsylvania Jason Miller says a Trump-Harris debate "will happen" Trump campaign won’t commit to debates with Harris yet Harris says she’s ready to debate Trump, accuses him of ‘backpedaling’
(DBN)

The 2024 election is shaping up to be a partisan ‘weird-off’
(DBN)

Trump calls for jail sentence for desecrating flag: ‘Stupid people’ will say it’s unconstitutional
(DBN)

Trump and His Allies Adapt to a New Role: Fighting for Attention
(DBN)

Trump calls Kamala Harris 'real garbage'
(DBN)

Trump made at least 10 false claims about Harris in a single rally speech
(DBN)

Trump says Elon Musk ‘never told me’ he would pledge $45 million a month to campaign
(DBN)

Trump's no tax on tips proposal wouldn't benefit tipped workers
(DBN)

Donald Trump to fire America's military generals and replace them with NASCAR drivers
(DBN)

Many Americans say assassination attempt has not changed Trump: Survey
(DBN)

Trump expected to draw heavily from Senate to fill Cabinet
(DBN)

Trump tears into FBI director who questioned if ex-prez was struck by bullet during assassination attempt Trump and FBI appear split over one aspect of attempted assassination case
(DBN)

GOP candidate floats theory Secret Service was "in on" Trump shooting
(DBN)

Beshear becomes Harris’s top attack dog against Vance Jennifer Aniston knocks Vance over ‘childless cat ladies’ remark Yes, JD Vance’s Beard Matters. Here’s Why J.D. Vance wrote foreword of upcoming book from Project 2025 architect Some Republicans express buyer's remorse over Vance VP pick JD Vance slammed as 'phony' by Beshear - 'has no conviction, but his running mate has 34' Some House Republicans slam Vance as Trump’s VP pick: ‘The worst choice’ Trump says JD Vance ‘doing really well’ despite record low polling Vance 'cat ladies' comment triggers firestorm
(DBN)

Black leaders unveil Project 2025 counteroffer
(DBN)

Trump edges out Harris in key swing states, ties with her in Wisconsin: Poll Where Harris stands against Trump in the battleground states that will decide the election Axelrod: Trump ‘pretty substantial favorite’ over Harris Harris slightly shrinks Biden’s margins against Trump in new poll
(DBN)

Does your vote really count in the Electoral College?
(DBN)

Robert F. Kennedy Jr. struggles to gain traction amid unification on both sides
(DBN)

White Supremacists March Through Michigan City
(DBN)

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Retailing:

Home Retailer Big Lots Seeks More Financing as Losses Pile Up
(DBN)

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Movie Theaters:

Is the new A&E financing a positive sign or a sign that movie theatres are screwed?
(DBN)

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Utilities:

Houston Utility CEO Apologizes for Beryl Response, Vows Changes
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Rise 16.2 Percent
(DBN)

Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County—During the 12-Month Period Ending June 30, 2024 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the Three-Month Period Ending June 30, 2024 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the One-Month Periods Ending April 30, May 31, and June 30, 2024, Based on Data Current as of June 30, 2024 Bankruptcy Cases Filed, Terminated, and Pending—During the 12-Month Periods Ending June 30, 2023 and 2024 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the 12-Month Period Ending June 30, 2024
(DBN)

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Mass Torts:

'It Was a Very Long Battle': Why Talc Victims Could Vote for J&J's Third Bankruptcy
(DBN)

J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy
(DBN)

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Third Party Releases:

Purdue Pharma Bankruptcy Deal Ruling Is Taking Courts by Storm
(DBN)

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Subchapter V:

What Does “As The Court May Fix” Mean In Subchapter V? (In re Urgent Care & In re Trinity)
(DBN)

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Aviation:

Recent Ruling Addresses Applicability of Alternative A and Cape Town Convention in U.S. Bankruptcy Cases
(DBN)

All Airlines Are Now the Same
(DBN)

'Prepare for a bloodbath' in the airline industry
(DBN)

Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue Southwest Airlines plans to start assigning seats, breaking with a 50-year tradition Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
(DBN)

It's the end of budget airlines as we know them
(DBN)

NASA says no return date yet for astronauts and Boeing capsule at space station
(DBN)

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Celebs:

Zuckerberg responds to Musk fight invitation: ‘Are we really doing this again?’
(DBN)

Musk's daughter says he berated her for being queer as a child
(DBN)

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Climate:

The Global Temperature Just Went Bump
(DBN)

The fight to make landlords turn down the thermostat
(DBN)

Destructive wildfires spawn rare fire tornado in Calif., foul air quality in U.S., Canada
(DBN)

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Trucking:

Three more shipping companies file for Chapter 11 bankruptcy
(DBN)

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Pharma:

America Is Running Out of Generic Drugmakers. Another One Is on the Brink.
(DBN)

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Education:

OK: Education Head Releases Bible Guidelines At least 8 large Oklahoma school districts rebuke superintendent's order to teach Bible
(DBN)

Students struggle to shake learning loss, four years later
(DBN)

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Crypto:

BlockFi to Repay 100% of Eligible Client Claims
(DBN)

Trump raises more than $4 million in bitcoin, other digital coins as crypto support pays off
(DBN)

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Sports:

Bordeaux apply for bankruptcy after failed takeover talks with Liverpool owners
(DBN)

Why 8 Ligue 1 Clubs Are at Risk of Going Bankrupt
(DBN)

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Banking:

Powell ‘solely responsible’ for delays on banker compensation reform: Warren
(DBN)

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Tech:

CrowdStrike strikes out on communications following global outage
(DBN)

OpenAI on verge of bankruptcy & heading for $5 billion in losses: Report
(DBN)

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Gig Economy:

California Supreme Court upholds Prop. 22, ending legal saga over status of gig drivers
(DBN)

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Edtech:

Maryland-based online education giant files bankruptcy 2U Bankruptcy Adds Fuel to OPM Uncertainties Why Colleges May Rethink Their Online Programs After 2U Declares Bankruptcy
(DBN)

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UK:

Trading in the zone of insolvency: English High Court orders directors to pay highest ever penalty
(DBN)

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Canada:

Considerations on forbearance and enforcement of security on Canadian loans
(DBN)

The Hill’s the limit in Canada: British Columbia Court of Appeal confirms jurisdiction to grant reverse vesting orders in receivership proceedings
(DBN)

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Venezuela:

The ordinary people risking everything to protect Venezuela’s vote Venezuela opposition warns elections observers are being blocked
(DBN)

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MENA:

Palestinian and Jewish protesters stage rare peace march in Tel Aviv
(DBN)

US Medics in Gaza: Unbearable Cruelty by Israel
(DBN)

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Japan:

Record 81 care providers file for bankruptcy in first half of 2024
(DBN)

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