November 20, 2024

The Daily Bankruptcy News

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Law:

Cravath Delights Associates With Both Year-End And Special Bonuses
(DBN)

Weil Gotshal Bankruptcy Co-Chair Ray Schrock to Join Latham - WSJ
(DBN)

Teen who enrolled in law school at age 13 becomes youngest person to pass California bar exam
(DBN)

DOJ Officials Lawyer Up Ahead Of Trump's Possible 'Revenge Prosecutions'
(DBN)

Law Degree Required to Take Massachusetts Bar Exam, Justices Say
(DBN)

Where have all the lawyers gone? 25% are in these 2 states with higher pay than $176K average
(DBN)

Hacker gains access to testimony in Gaetz investigations: reports Matt Gaetz could launch Big Tech crackdown at DOJ Fox News’s Gowdy warns GOP against ‘absurd AG pick’ Gaetz Senate Republicans deler a message to Trump: Gaetz's confirmation is in jeopardy Trump escalates test of strength over Gaetz pick Trump is on a calling spree urging senators to support Matt Gaetz for attorney general Republican Senator Shoots Down Recess Appointment for Matt Gaetz: 'Unwise' Ethics Committee to meet on Gaetz Senators say there are other ways to vet Gaetz without ethics report Matt Gaetz 'working the phones,' speaking to GOP senators despite difficult confirmation odds Could Trump Install Gaetz Without Senate Approval? A Recess Appointment Primer Controversial attorneys general: Why Matt Gaetz might not be the right man for the job Matt Gaetz used his adopted Cuban son's PayPal to pay for 'sexual favors' from two women, lawyer for his victims claims Matt Gaetz's accusers don't want to testify in public, their lawyer says Gaetz sent $10K in payments to 2 women who testified in House probe, records suggest
(DBN)

Judge denies Jan. 6 defendant’s bid to delay trial that could straddle Trump inauguration
(DBN)

Army vet who shot handcuffed Iraqi is going to prison for fighting with cops on Jan. 6
(DBN)

Rudy Giuliani Asks To Delay Trial So He Can Attend Trump's Inauguration
(DBN)

New York prosecutors say they will oppose dismissing Trump’s hush money conviction New York judge has not called off Trump's hush-money sentencing hearing Manhattan DA agrees to postpone Donald Trump’s sentencing in hush money case but opposes dismissal Bragg fights Trump hush-money dismissal, says presidential immunity doesn't mean case ends Bragg case 'effectively over' in 'major victory,' Trump officials say
(DBN)

Unexpected Turns in Trump Election Cases Raise Questions About Their Durability
(DBN)

Los Angeles to become an immigration 'sanctuary'
(DBN)

What will be the US military's role in Trump's mass deportation plan? Roadblocks to Trump's mass deportations Trump’s threats of mass deportations lead to hard discussions for families
(DBN)

The law is clear on birthright citizenship. Can Trump end it anyway?
(DBN)

Menendez Brothers’ Clemency Consideration On Hold Until New L.A. DA Takes Office, Gavin Newsom Declares
(DBN)

Sean ‘Diddy’ Combs’ ex-bodyguard details animal sacrifice during Shyne shooting trial Tracking Down Collaborators Or Diddy By Association? Judge presses Diddy prosecutor to answer why government has defense legal notes Judge rules prosecutors must destroy Sean 'Diddy' Combs' jail cell notes Sean 'Diddy' Combs accused of sexually assaulting 39-year-old man in new lawsuit
(DBN)

A 43-year-old man called 911 about shots fired at his home. Then a Las Vegas officer shot and killed him
(DBN)

In Five Years, Chicago Has Barely Made Progress on Its Court-Ordered Police Reforms. Here's Why.
(DBN)

Neighbor asking for a cigarette killed by man wielding samurai sword: Police
(DBN)

Victims of the 2022 Club Q mass shooting sue Colorado county for not enforcing red flag law against shooter
(DBN)

Legislature can’t use subpoena to delay execution in shaken-baby case, Texas Supreme Court rules
(DBN)

Magnet fisherman's haul of gun and victim IDs leads to guilty plea, life prison sentence
(DBN)

Angry wife gets husband to stab and disembowel pizza worker over 'botched' order: Cops
(DBN)

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Judges:

Chasing History With Justice Thomas
(DBN)

Biden Trial Pick Kasubhai Confirmed After Rocky Senate Ride
(DBN)

We Should Criticize The Judiciary. It’s How We Hold The Institution Accountable.
(DBN)

Ex-Wisconsin Justice Faces Disciplinary Complaint Tied to Election Probe MAGA 'auditor' of 2020 election lied to judge and violated attorney ethics: report Former Wisconsin justice accused of ethics violations over 2020 election probe Professional misconduct charges filed against ex-Wisconsin supreme court justice
(DBN)

Key Witness' Response to Lawyer's Question Frustrates Judge in YSL Trial
(DBN)

Republicans fume as GOP absences help Democrats move judicial nominees
(DBN)

Senate goes to war over judges Trump: ‘No more Judges confirmed before Inauguration Day!’ In reversals, Trump and Thune look to stop Biden's judicial nominees Republicans slow down Senate floor to delay Biden judicial picks
(DBN)

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Wall Street:

 

Wall Street strategists are forecasting Trump's tax cuts will send stocks soaring in the coming years
(DBN)

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Layoffs:

 

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Politics:

Trump Bros Chant ‘Your Body, My Choice.’ Are Women's Fears Coming True?
(DBN)

Woodward: Trump recreating ‘imperial presidency’ with inexperienced appointees Trump's messy coalition Trump’s vows for revenge take on new seriousness Hume warns Trump team not to treat win as mandate Trump expected to pick Howard Lutnick for Commerce secretary Trump names former wrestling executive Linda McMahon as his pick for education secretary 5 things to know about Linda McMahon, Trump’s pick for Education secretary Trump builds his "central casting" Cabinet 'Steeper climb' ahead for Trump cabinet nominee Hegseth after bombshell intoxication report: CNN Trump picks TV's 'Dr. Oz' to run Medicare and Medicaid agency What to know about Dr. Oz as Trump picks him to oversee Medicare, Medicaid Donald Trump Adds To His Cabinet With Attorney/Reality TV Star What is impoundment? How Trump thinks he can control spending without Congress President-elect Trump has started receiving intelligence briefings Some of the biggest pro-Trump donors of 2024 are lining up for administration jobs ‘Saudi Arabia’s Bitch’: Tulsi Gabbard Once Accused ‘Unfit’ Trump of ‘Pimping Out’ U.S. Troops to Foreign Leaders I Served With Tulsi Gabbard and Yikes Elon Musk, senior Trump adviser have ‘massive blowup’ over Cabinet picks Trump looking to circumvent Senate with Federal Vacancies Reform Act, recess appointments Can he do that? How Trump could try to break the federal government
(DBN)

House GOP lays out legislative priorities: Border wall, tax cuts, cutting Biden programs
(DBN)

GOP senators deride idea of replacing FBI background checks for Trump nominees
(DBN)

Johnson on transgender member-elect: ‘We treat all persons with dignity and respect’ House GOP discusses banning transgender women from Capitol women’s bathrooms See trans lawmaker’s response to Mace’s attempt to ban her from women’s restroom Nancy Mace Called ‘Bully’ for Anti-Transgender House Resolution House Republicans signal support for proposal to ban bathroom access for first transgender member
(DBN)

Mike Johnson Wants Marjorie Taylor Greene 'More Involved'
(DBN)

Harris campaign’s spending comes under scrutiny
(DBN)

What the exit polls say about the 2024 election Weak turnout in key cities hurt Harris in the 'blue wall' states
(DBN)

Vulnerable Democrats who won say party must follow their path 'It's not rocket science': Senate Democrats detail lessons from their victories
(DBN)

For Minority Working-Class Voters, Dismay With Democrats Led to Distrust
(DBN)

Truth Social investors hoped to get ‘very rich’ after Trump’s win. Not quite.
(DBN)

Haitian migrants reportedly flee Springfield, Ohio Donald Trump’s deportation threat puts Haitians in Springfield on edge: ‘Fear is palpable in the community’
(DBN)

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Brands:

Meet the Man Who Made a Fortune Bringing Brands Back to Life
(DBN)

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Economy:

Trump’s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets New twist in Trump's Treasury race
(DBN)

Dollar Faces Headwinds After Post-Election Rally - WSJ
(DBN)

Biden screwed up on inflation — badly
(DBN)

Job Market Is Turning Chilly for Recent US College Graduates
(DBN)

More Than Half of Americans Struggle to Pay Bills and Save Money
(DBN)

The one institution that Trump can’t afford to break
(DBN)

State-Level Data Suggest US Payroll Weakness Is Likely Temporary
(DBN)

Trump Plans More Workplace Raids
(DBN)

The Three Pillars of the Bro-Economy
(DBN)

How Trump’s Tax Cuts and Tariffs Could Turn Into Law
(DBN)

How Countries and Companies Are Planning for Trump
(DBN)

The industries that could be hardest hit by Trump's immigration crackdown
(DBN)

Trump Promised Sweeping Economic Changes. Can Republicans Turn Them Into Law?
(DBN)

Trump's billionaire budget-cutters are dangerously out of touch
(DBN)

Small businesses urge on tax deductions after GOP wins
(DBN)

‘Ready for prime time': Trump trots out once-scorned economic plans
(DBN)

Locked and loaded? The EU's weapons to fight Trump’s trade war.
(DBN)

Resentment is building as more workers feel stuck
(DBN)

California measure to raise state's minimum wage rejected by voters
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

The upcoming housing battle that could roil mortgage costs even more
(DBN)

Housing starts tumble in October New-Home Construction Falls to Three-Month Low as High Rates and Hurricanes Impact Builders
(DBN)

Miami Developer Says Real Estate Market Needs Rate Cuts ‘Badly’
(DBN)

Here’s how mass deportations could change the housing market
(DBN)

Pimco Landlord’s NYC Building Sells for Less Than Value of Its Debt
(DBN)

$40 million in debt, bankrupt Orlando developer pushes for property sale amid investor losses
(DBN)

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Municipalities:

Risk of Oakland insolvency prompts anxious queries from council members
(DBN)

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Oil/Gas:

'America first means commodities second': Oil and gas prices will tank under a Trump presidency, BofA strategist says
(DBN)

What Trump's 'drill, baby, drill' fracking agenda could look like
(DBN)

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Climate:

Record-setting bomb cyclone, intense as a hurricane, to lash Northwest 90 MPH Winds; Up To 20-Inches of Rain A once-in-a-decade bomb cyclone is taking shape off the West Coast West Coast faces bomb cyclone with heavy rain, high winds ‘Bomb cyclone’ kills 1 and knocks out power to over half a million homes across the northwest US
(DBN)

To Cope with Extreme Heat, Paris Will Swap Parking Spaces for Trees
(DBN)

FEMA Chief Backs Probe of Alleged Trump Bias in Relief Efforts House Republicans grill FEMA administrator over alleged political bias
(DBN)

‘Underwhelming’: Poor countries push for way more climate funding than the EU is floating
(DBN)

Project 2025 outlines major shakeups for flood insurance
(DBN)

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Water:

The World’s Freshwater Resources Drop to Troubling Low
(DBN)

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Tech:

Elon Musk's X suing Amazon-owned Twitch for not advertising on the platform
(DBN)

Holocaust Denial Merchandise Tests Shopify’s Free Speech Ethos
(DBN)

The Biden administration is scrambling to send billions to chipmakers before Trump takes over
(DBN)

Humans must adapt to AI’s fundamental changes to the labor market and the future of learning
(DBN)

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Autos:

Trump Targets Auto Mileage Rules He Blasted as ‘EV Mandate' Trump Is Likely to Kill the $7500 EV Tax Credit. Elon Musk Is OK With That.
(DBN)

Stellantis delays Ram electric pickup trucks until 2025
(DBN)

British carmaker Jaguar reveals glossy rebrand that features no cars, confuses the internet
(DBN)

VW North America Fires CEO
(DBN)

Tesla Tops Fatal Crash Statistics: Study Links High Rates to Driver Behavior
(DBN)

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Television:

Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels Comcast to announce the spinoff of cable networks, including MSNBC, CNBC and USA, sources say
(DBN)

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Batteries:

Sweden's Northvolt Appoints Restructuring Expert to Oversee Main Facility -Report
(DBN)

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Crypto:

South Korean Crypto Yield Firm Haru Invest Declared Bankrupt After $1 Billion ‘Rug Pull’
(DBN)

Final FTX exec to be sentenced on Nov. 20 — What should users expect?
(DBN)

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Defaults:

U.S. PCDR Declines Slightly to 4.7% for October 2024
(DBN)

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Privacy:

Legal expert on how 23andMe’s financial struggles could impact customer data
(DBN)

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Fraud:

An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million
(DBN)

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Food/Beverage:

Dire condition of Alaska’s seafood industry has many causes and no easy fixes, experts say
(DBN)

How TGI Fridays Lost Its Flair
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Demon Ghoul Alex Jones Sues Sandy Hook Parents The fight for Alex Jones' Infowars company heats up as Jones sues to hold on Alex Jones asks judge to halt sale of Infowars site to The Onion Alex Jones and his allies are desperately trying to stop the sale of Infowars to The Onion
(DBN)

Chapter 11 helps church officials, not kids or victims
(DBN)

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Aviation:

Spirit Airlines cleared $5.4M in retention awards before bankruptcy Spirit Airlines' Struggle to Navigate Post-Pandemic Trends Lands It in Bankruptcy What does the Spirit Airlines bankruptcy mean for airfares? Spirit Airlines receives the necessary court approval to keep flying as it works through bankruptcy
(DBN)

SpaceX president says we could easily see 400 Starship launches in next four years SpaceX fails to repeat Starship booster catch, as Trump watches on Starship So Loud It Might Kill Birds
(DBN)

Estonia-owned Nordica and Xfly to file for bankruptcy after no investor found
(DBN)

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Retailing:

Ikea group CEO: Shoppers are trading down to save money
(DBN)

Walmart's promise of low prices proves to be a powerful draw in the third quarter
(DBN)

Walmart issues dire warning to customers about prices
(DBN)

These retailers may raise prices if Trump's tariffs take effect
(DBN)

Big Lots plans to shutter 19 more stores as additional locations stop closing process
(DBN)

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Education:

Founder of artificial intelligence company used by schools in Los Angeles, NYC, Atlanta is arrested
(DBN)

Texas Education Board Backs Curriculum With Lessons Drawn From Bible
(DBN)

Segregation Academies Across the South Are Getting Millions in Taxpayer Dollars
(DBN)

AI photos showing girl students with nude bodies roil private school in Pennsylvania
(DBN)


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Media:

Jeff Bezos Cracks Down on the Washington Post
(DBN)

A Legal Showdown Over Press Freedom
(DBN)

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Healthcare:

Hospital Landlord MPT Seeks Control of California Entities
(DBN)

The stunning success of vaccines in America, in one chart
(DBN)

Dr. Oz to ‘make America healthy again’ with RFK Jr. Dr. Oz's Questionable Health Care Beliefs Mehmet Oz Backed Massive Change to Medicare That Would Impact Millions
(DBN)

Trump FactCheck: “I never mentioned” wanting to end the Affordable Care Act
(DBN)

Texas Lawmakers Push for New Exceptions to State's Strict Abortion Ban After the Deaths of Two Women
(DBN)

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UK:

Why a 24 per cent drop in insolvencies is not all it seems
(DBN)

UK Farmers Protest in London Over Inheritance Tax Change Tears and tractors as Britain’s farmers rage at Labour Yeo Valley chairman says “idea that farms can absorb extra costs is a fallacy”
(DBN)

Southern Water gets another credit rating downgrade amid ‘challenging funding conditions’
(DBN)

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Russia:

Putin fine-tunes Russia’s nuclear doctrine after Biden’s arms decision on Ukraine, in clear signal to West Putin allows nuclear response to long-range US missiles being fired at Russia as he signs off on drastic WW3 escalation Fact check: Is Putin threatening to use nuclear weapons? Russia confirms Ukrainian long-range missile attack as UK slams ‘depraved’ Putin who stands on brink of nuclear response Russia threatens US with 'nuclear war by Christmas' in chilling WW3 warning Germany planning for WW3 with 1,000-page secret doc ‘Operation Deutschland’ along with 800k NATO troops & 200k vehicles
(DBN)

U.S. shuts Kyiv embassy over 'significant air attack' threat
(DBN)

Biden approves antipersonnel mines for Ukraine, undoing his own policy
(DBN)

Russia starts making nuclear-resistant mobile bomb shelters
(DBN)

Nordic Countries, Eyeing Russia, Dust Off Their Crisis Advice
(DBN)

Vladimir Putin 'knows' Trump's deal will fail - 'and he's already planning to kill Zelensky'
(DBN)

Russian oil-refining businesses are at risk of plant closures amid heavy losses, lower production, report says
(DBN)

Why Ukraine’s war is in a bad place
(DBN)

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MENA:

US Aims for Israel-Hezbollah Truce Before Biden’s Term Ends Lebanon, Hezbollah OK US Ceasefire Proposal A US envoy says an Israel-Hezbollah truce is ‘within our grasp.’ But there was no optimism for Gaza
(DBN)

Hamas Spokesperson Reacts to 'Unfortunate' US Decision To Sanction Him
(DBN)

Theft of aid trucks sends prices soaring in central Gaza
(DBN)

U.S. consultants gave Israel plan to secure aid delivery in Gaza
(DBN)

For some Israelis, the goal is to make Gaza their home
(DBN)

As hostage talks stall, Netanyahu promises rewards for returns and warns hostage captors that Israel will pursue them.
(DBN)

West Bank Children Killed at Unprecedented Rate
(DBN)

New details emerge about Netanyahu aide accused of leaking Hamas documents to the press
(DBN)

Iran is increasing its stockpile of near weapons-grade uranium, UN says
(DBN)

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Brazil:

Brazilian police arrest 5 officers over coup plot and plans to kill Lula, others
(DBN)

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New Zealand:

Massive crowds march on New Zealand parliament protesting M?ori bill. Here’s what to know
(DBN)

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Thailand:

200 Monkeys in Thailand Run Amok, Attack Police Station
(DBN)

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China:

Sinochem may keep bankrupt refineries as auctions draw scant interest, sources say
(DBN)

DHS Flies Illegal Migrants Back to China
(DBN)

China Set To Lose Over 50 Million People in Population Crisis
(DBN)

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India:

Insolvency board moves to limit liquidators’ discretion
(DBN)

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