November 6, 2024

The Daily Bankruptcy News

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Law:

Dentons, Boies Schiller call lawsuit claims against them ‘literally incoherent’ and ‘utterly implausible’
(DBN)

Big Law Seizes on Promotions That Bring Big Tax Bill, No Profits
(DBN)

US Fights Girardi Bid to Quash Conviction for Lack of Competency
(DBN)

Kamala Harris Leans Heavily On Biglaw Attorneys To Staff Her Presidential Transition Team
(DBN)

Fewer Biglaw Firms Are Offering Paid Time Off To Encourage Voting, Volunteering During Election 2024
(DBN)

Courtroom ‘is not a theater’ for unsubstantiated election claims, says letter signed by 125 bar leaders Former Bar Association Leaders Give Blunt Warning To MAGA Lawyers
(DBN)

Hundreds Of Biglaw Attorneys Staffing Election Protection Hotline To Help Voters
(DBN)

Lawyer’s mistaken Zelle transfer leads to ethics complaint Attorney's Response To A Zelle Typo Could Be A Stain On Her Career
(DBN)

Crimes Leads To Voluntary License Surrender
(DBN)

Crimes Draw Indefinite Suspension
(DBN)

Rudy Giuliani Left Only Dishes, Rugs at 'Emptied' Apartment: Lawyer Rudy Giuliani’s apartment was emptied weeks ago, victims in defamation case say Giuliani Moved Possessions From N.Y. Apartment as Creditors Closed In Rudy Giuliani Wows Judge In Collections Case By Stripping The Apartment He No Longer Owns Rudy Giuliani Responds to NYC Mayor Rumors Rudy Giuliani rides to Trump's polling station in Mercedes he was ordered to forfeit Giuliani Ordered to Court on Thursday
(DBN)

Trump Banks On Election Result to Make Criminal Cases Go Away Say goodbye to Trump’s legal cases Trump’s victory likely means curtains for criminal prosecutions
(DBN)

Mike Johnson on certifying election results: ‘Everybody needs to calm down’
(DBN)

Republican Challenges Georgia DA Leading Trump Case
(DBN)

The new Jeffrey Epstein tapes and his friendship with Trump, explained
(DBN)

White supremacist planned to blow up Nashville power station with explosives-laden drone, Justice Department says
(DBN)

Judge sets early 2025 trial for ex-prosecutor charged with meddling in Ahmaud Arbery investigation
(DBN)

Trump-loving evangelical leader busted with hard drive full of appalling images
(DBN)

Fugitive far-right extremist Ammon Bundy reveals his new life on the run as former sheriff explains why cops have not arrested him
(DBN)

Dallas singer shot onstage while signing autographs after performance
(DBN)

Nathan Hochman elected Los Angeles County DA, ousting progressive prosecutor George Gascón
(DBN)

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Wall Street:

Dow futures surge 1,000 points as Trump closes in on presidential election win S&P 500, Dow futures at record high as Trump elected US president
(DBN)

Here's what market analysts are saying as Trump wins the US election
(DBN)

The election result investors fear historically is the best for the stock market
(DBN)

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Layoffs:

Amy’s Kitchen lays off 311
(DBN)

iHeart Making Massive Personnel Cuts
(DBN)

Ting Internet announces major layoffs
(DBN)

Schaeffler announces 4,700 layoffs
(DBN)

Playstudios Will Lay Off More Than 200 Workers
(DBN)

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Healthcare:

CarePoint Says it is Committed to Keeping Christ Hospital Open Despite Bankruptcy Filing
(DBN)

Wellpath, Vermont’s prison health services provider, heading for bankruptcy
(DBN)

Trump wants to give RFK Jr. a major health role if he wins. What that means for patients, drugmakers
(DBN)

Anti-vax doctors urge SCOTUS to open airwaves to medical disinformation
(DBN)

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Politics:

Trump on verge of clinching presidency after win in Pennsylvania Trump on the brink of victory How Donald Trump Made the Greatest Comeback in Political History Trump Wins US Presidential Election in Extraordinary Comeback Donald Trump wins 2024 presidential election, defying the odds again How a second Trump presidency could reshape the world Trump claims victory Trump claims ‘unprecedented and powerful mandate’ Democrats sink into despair after Trump win The Blue Wall is collapsing 6 takeaways from Trump’s stunning win over Harris Trump Is Back 5 takeaways as Trump wins White House for a second time Democrats prepare for a loss after Trump's strong showing in swing states Why is Trump winning? 3 things we know so far. The world watches as US election results trickle in Trump Media shares gain 40% in overnight trading as Trump nears election win Donald Trump’s Stunning U.S. Election Triumph Greeted By World Leaders: “A Beautiful Victory” Donald Trump in Victory Speech Says Win Ushers in New 'Golden Age' for US Billionaire Trump Critic Mark Cuban Congratulates Trump As Elon Musk Boasts—Before AP Calls A Winner How Biden's vulnerabilities led to a bloodbath for Harris
(DBN)

See exit poll results for the 2024 presidential election: Democracy, economy top issues US election 2024 in maps and charts
(DBN)

‘Tinderbox America’: what papers around the world say as US votes
(DBN)

Trump promised to get revenge. Here are his targets.
(DBN)

Republicans win control of the Senate; House still up for grabs The serious implications of a Republican Senate Dejected Democrats look to House as ‘only hope’ US House Is Democrats’ Last Hope in Brutal Election for Party
(DBN)

Black Women Break a US Senate Barrier, Winning Two Seats
(DBN)

Mark Robinson Loses NC Governor's Race
(DBN)

McBride becomes first out transgender person elected to Congress...
(DBN)

Abortion rights advocates win in 4 states and clear way to overturn Missouri ban but lose in Florida Arizona voters enshrine abortion rights in state constitution Abortion is on the ballot in nine states and motivating voters across the US South Dakota Voters Reject Abortion Rights Amendment Amarillo Rejects Abortion Travel Ban Montana enshrines abortion access into state constitution
(DBN)

Troubled by illegal border crossings, Arizona voters approve state-level immigration enforcement
(DBN)

Van Jones: ‘People who don’t have papers’ are ‘terrified tonight’
(DBN)

Record 82,664,863 Voted Early
(DBN)

Key states predict record-high turnout Michigan on pace to break voter turnout records, official says
(DBN)

I'm voting for Kamala Harris and I'm 99% sure my husband is voting for Donald Trump. Should I tell him?
(DBN)

Americans Who Want Out
(DBN)

"They're very scared": Migrants anxiously monitor U.S. election, fearing Trump win
(DBN)

Musk’s final push for Trump includes a QAnon hype video made by Nazi sympathizer Elon Musk could be the biggest winner of a second Trump term Trump praises Elon Musk in election night speech: 'A star is born'
(DBN)

One in Five Americans Do Not Think Hitler Was All Bad
(DBN)

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Cannabis:

Legal Weed Fails in Florida in Victory for DeSantis, Griffin
(DBN)

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Crypto:

Bankruptcy Court Grants Bitcoin Loan to Struggling Mining Firm
(DBN)

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Economy:

Main engine of U.S. economy posts fastest growth in more than two years, ISM finds US Services Activity Grows at Fastest Pace Since Mid-2022
(DBN)

10-year Treasury yield leaps above 4.40% as Trump near election victory
(DBN)

Dollar Hits One-Year High as Trump Clinches Election Victory Gold Falls as Trump’s Decisive Election Win Drives Up US Dollar
(DBN)

Strong rebound in employment hoists US services PMI to more than two-year high
(DBN)

Why the Fed will likely cut rates in December - even after this week's meeting
(DBN)

Credit Markets Face Risk of a $60 Billion Wave of Fallen Angels
(DBN)

U.S. trade deficit widens to 30-month high as imports flood in before port strike. GDP shaved.
(DBN)

What a Donald Trump victory means for the global economy
(DBN)

Here’s what Trump is proposing for the economy
(DBN)

Trump to Reshape US Economy With Tariffs, Crackdown on Migrants
(DBN)

Credit Risk Drops in a Knee-Jerk Reaction to Trump’s Win
(DBN)

Trump Trade Sinks Emerging Markets as Trade-War Fears Return
(DBN)

Workers in Missouri can look forward to raises after minimum wage boosts passed
(DBN)

Biden’s $15 wage mandate for federal contractors struck down by court
(DBN)

The latest inflation woe: Your fast-food breakfast now costs 53% more
(DBN)

Mapped: U.S. State Economies Compared to Entire Countries
(DBN)

The Immigration-Wage Myth
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

CoreLogic: US Home Prices Increased 3.4% Year-over-year in September, "Slowest growth rate in over a year"
(DBN)

In Q2, almost 20% of Units Started Built-for-Rent were Single Family
(DBN)

Trump or Harris: Who would bring mortgage rates down? Three economists weigh in.
(DBN)

Houston Office Asset Trades in $27M Bankruptcy Sale
(DBN)

Number of renter households grows ‘three times faster’ than homeowner households: report
(DBN)

Rising property taxes spur revolt
(DBN)

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Municipalities:

Puerto Rico holds a general election that promises to be historic
(DBN)

Report finds Houston is the third-most debt-ridden city in the US
(DBN)

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Oil/Gas:

Frackers Plagued by Ultra-Thin Margins
(DBN)

Is the U.S. Shale Boom Losing Steam?
(DBN)

Shale Drillers Risk Creating a 2025 Oil Supply Glut, Diamondback Says
(DBN)

____________

Retailing:

US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
(DBN)

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Climate:

Trump’s Return Puts the Climate Economy on Defense
(DBN)

Search for the Missing Grows Desperate Amid Mud and Confusion in Spain Spain's government approves €10.6 billion relief package for flood victims
(DBN)

Los Angeles Faces a ‘Particularly Dangerous Situation’ for Wildfire Weather
(DBN)

Hurricane Rafael Menaces Florida Keys on Path to US Gulf
(DBN)

Climate change likely to have heavier impact on global economy than feared
(DBN)

Solar stocks tumble overnight on fears Trump will hamper clean energy progress
(DBN)

California's Largest Lake is Shrinking Three Times Faster Than Before
(DBN)

Offshore Wind Faces Potential Trump Ban on Day One
(DBN)

____________

Religion:

Scandal Rocks Texas Megachurch: Founder Accused Of Abusing Young Girl
(DBN)

____________

Housewares:

Lifting the lid on Tupperware’s troubles
(DBN)

____________

Cannabis:

Voters could make recreational weed legal in a majority of U.S. states
(DBN)

____________

Furniture:

American Freight to close as parent company files Chapter 11 American Freight is closing all of its stores. Bankruptcy filing warns of possible paycheck delays for laid-off employees
(DBN)

____________

Media:

NBC’s Election Night Republican Pundit Disclosed as Foreign Agent of Qatar
(DBN)

____________

Tech:

Super Micro plunges 17% after company says no timetable for annual results, issues weak guidance
(DBN)

Nvidia Rides AI Wave to Pass Apple as World’s Largest Company
(DBN)

____________

Autos:

Tesla Soars as Musk’s Bet on Trump Is Seen Reaping Rewards
(DBN)

BMW downplays fears over U.S. tariffs in Trump election win
(DBN)

VW workers at Osnabrueck plant hold fresh warning strike
(DBN)

____________

Fitness:

Planet Fitness submits last minute bid to acquire fitness chain
(DBN)

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Trucking:

Miami trucking company, 5 affiliates file for bankruptcy
(DBN)

____________

Utilities:

PG&E Cuts Power to California Customers As Wildfire Risk Builds
(DBN)

Hawaiian Electric Finalizes $2 Billion Maui Fire Settlement
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

October Total Bankruptcy Filings Increased 16 Percent over 2023
(DBN)

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Bankruptcy Alternatives:

Bond Requirement In Many ABC Statutes—A Poison Pill
(DBN)

____________

Pensions:

Yellow Bankruptcy Judge to Reconsider Pension Debt Ruling
(DBN)

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Miscellaneous:

Bankruptcy and restructuring trends
(DBN)

____________

Trustees:

Corporate Transparency Act: Are Bankruptcy Trustees and Court Appointed Receivers Obligated to File Beneficial Ownership Information Reports with FINCEN on Behalf of Debtor Entities?
(DBN)

Status of 11 U.S.C. § 330(e) Payments for Fiscal Year 2024
(DBN)

____________

Litigation Funding:

Litigation Funding Is Here to Stay, But Faces New Challenges
(DBN)

____________

Aviation:

Boeing CEO Ortberg in battle to mend rifts after bitter strike ends
(DBN)

Spirit AeroSystems warns of ability to continue as going concern amid cash crunch
(DBN)

Parcels That Exploded In Europe Reportedly Part Of Russian Plot Western officials suspect Russia was behind a plot to put incendiary packages on cargo planes
(DBN)

Electric aircraft maker Lilium holds out hope for rescue
(DBN)

____________

Food/Beverage:

Burger King, KFC owners take sales hit as fast-food spending tapers Fast-food chains post weak sales results, except for Taco Bell
(DBN)

Why Sit-Down Chain Restaurants Are Struggling
(DBN)

A look at TGI Fridays’ recent turbulence leading up to bankruptcy Financial experts break down TGI Fridays voluntary bankruptcy filing as restaurant chain slumps TGI Fridays is worried it won’t have enough cash if customers redeem $50 million in outstanding gift cards that don’t expire
(DBN)

Florida firm buys Ohio's oldest and largest winery in bankruptcy sale
(DBN)

Buca di Beppo set to be sold to lender Main Street Capital for $27M
(DBN)

____________

Sovereigns:

US Forgives $1.14 Billion of Somalia’s Debt in Bilateral Accord
(DBN)

____________

UK:

When Will a s.236 Application Fail?
(DBN)

Facing Extinction, Britain’s Aristocrats Make a Curious Case for Survival - WSJ
(DBN)

What England’s tuition fee rise means for student and university finances
(DBN)

UK's Richest Man Says 'Spiteful' Tax Hikes Will Kill Growth
(DBN)

UK economy risks big hit under Trump tariffs plan, think tank says
(DBN)

Spike in UK Borrowing Costs Wipes Out Reeves’ Fiscal Headroom
(DBN)

____________

EU:

EU Officials in Crisis Talks Over Trump II Trump’s in. Here’s what it means for Europe EU’s trade war nightmare gets real as Trump triumphs
(DBN)

____________

MENA:

Thirty-five Palestinians killed in Gaza, Israel issues new evacuation orders In Bombarded Northern Gaza, 'Hell Is Boiling' for Civilians Who Remain An Israeli strike kills 20 in north Gaza, where Palestinians say they’ve had little food for weeks
(DBN)

Israel’s Netanyahu dismisses defense minister in surprise announcement 'Take to the streets': Opposition calls for protests across Israel after Gallant's firing
(DBN)

In One Day, Two of the Biggest Brakes on Israel’s Netanyahu Disappeared
(DBN)

U.S. warns Iraq: Don't let Iran attack from your soil or Israel could retaliate
(DBN)

____________

Russia:

NKorean Troops Shoot Russians by Mistake
(DBN)

Ukraine braces as triumphant Trump vows to ‘stop wars’
(DBN)

Trump’s Pledges on War Send Ukraine Bonds Rallying After Win
(DBN)

____________

China:

China's Latest Cry for More Babies May Fall on Deaf Ears
(DBN)

China’s low-altitude economy is all the buzz, so where are the tangible results?
(DBN)

China’s yuan falls sharply as Donald Trump declares US election win
(DBN)

____________

Mexico:

Mexico's Top Court Starts Debating Constitutionality of Judicial Reform
(DBN)

Mexico's peso slumps to two-year low on prospect of Trump win
(DBN)

____________

Germany:

Germany arrests suspected members of neo-Nazi group plotting revolt
(DBN)

____________

India:

Vendors, suppliers may get to try mediation before moving bankruptcy courts IBBI moots mediation between operational creditors & stressed companies
(DBN)

Maximizing value of asset sale during insolvency
(DBN)

Resolution Plan Approved By Committee Of Creditors Prevails Over SEZ Act & Statutory Dues Claims: SC Dismisses NOIDA Special Economic Zone Authority’s Appeal
(DBN)

____________

Netherlands:

Troubled e-bike firm Stella asks for protection from creditors; 440 jobs could be lost
(DBN)

____________

Australia:

Trump win means higher interest rates and weaker Australian economy
(DBN)

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