April 18, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Are More Biglaw Firms Planning To Defer Their Incoming Associates?
(DBN)

U.S. News Delays Release Of Much-Anticipated Law School Rankings • Why are US News law school rankings delayed?
(DBN)

US Soccer’s Pay Equity Fight Brought Law Firms Millions in Fees
(DBN)

BK ED OK: Acknowledgement of the Passing of Two Bankruptcy Practitioners
(DBN)

Work/Life Balance More Likely To Get Worse For Female Attorneys Than Male Attorneys
(DBN)

Amy Wax Defends Herself By Admitting Most Of The Allegations Against Her
(DBN)

Baker & Hostetler partner ‘spoke words but did not provide answers’ in deposition, special master says
(DBN)

White & Case revenue edges down to $2.83bn as PEP drops back from record high
(DBN)

Is ChatGPT Up To The Task Of Formatting Bluebook Legal Citations?
(DBN)

Japanese Law Firms Grow US Investments With Weak Economy at Home
(DBN)

Ron Klain rejoins law firm O'Melveny as partner
(DBN)

Some Lawyers Have Surge Pricing
(DBN)

A Free-Speech Controversy... At BYU Law?
(DBN)

Law School's Ban Of 2L Draws Protest From Students • Domestic terrorism charges that triggered campus ban of 2L aren’t supported, defense counsel say
(DBN)

Promising Signs For Free Speech At Stanford And Other Elite Schools
(DBN)

US Supreme Court considers Christian mail carrier's refusal to work Sundays • Is Everyone Working For The Weekend? It May Be A Constitutional Issue. • Justices to hear evangelical Christian postal worker’s religious accommodation case
(DBN)

Judge says trial for Dominion case against Fox will proceed Tuesday • High-stakes showdown between Dominion and Fox News in Delaware court to begin • Fired Fox News producer says she found more evidence relevant to Dominion case • Fox could likely survive a nine-figure loss to Dominion, media analysts say • Trump Has Legal Advice For Fox As Dominion Trial Is Delayed A Day • Trump urges Murdoch to embrace false 2020 election claims in Dominion trial • Fox says Dominion knocked millions off damages claim • Fox News vs. Dominion Voting lawsuit: Who's who in the high-stakes defamation trial? • Why there's so much at stake in the Dominion-Fox News trial
(DBN)

Trump v. Cohen: The Same Mistake, Over And Over Again
(DBN)

Trump allies take fight to Bragg's backyard with hearing on NYC crime • House points to Jan. 6 committee in defending GOP's right to subpoena ex-Bragg aide • G.O.P. Attacks Bragg on Crime at a Hearing in New York • Rep. Jim Jordan and Judiciary Committee ask court to toss lawsuit by Manhattan D.A. Alvin Bragg • DA’s Secret Weapon May Be Lawyer Who’s Dogged Trump for Years • Across street from 'circus' field hearing, House GOP and Manhattan DA duke it out in court • Chaos as protesters crash Republican hearing for New York crime victims
(DBN)

Poll: Most say congressional GOP should let Trump probes run their course
(DBN)

Judge Refuses to Grant Trump Delay in Trial of Suit Accusing Him of Rape • A judge blamed Trump for the 'media frenzy' he used as an excuse to try to delay his rape trial • Court Benchslaps Trump's Gambit To Postpone Carroll Defamation Suit. Again.
(DBN)

Judge in Proud Boys trial rejects claims of government misconduct • Justice Department to seek longest sentence in any Jan. 6 case so far • Gun-toting Jan. 6 defendant says 'instinct took over' when he charged police line with wooden pallet
(DBN)

Derek Chauvin's murder conviction upheld by Minnesota appeals court
(DBN)

Vast majority of Americans believe mass shootings preventable
(DBN)

Man sues Netflix for using his photo in true-crime documentary
(DBN)

Lawyers for Black teen shot after ringing wrong doorbell criticize release of white gunman • Charges filed against homeowner in shooting of Ralph Yarl, Black teen shot when he went to the wrong house in Kansas City • Homeowner who apparently shot Black teen is elderly White man • Police prepare Missouri case where teenage boy was shot after going to the wrong house • A Black teenager who was shot after mistakenly going to the wrong house begged neighbors for help — but was ignored, family says • 'He didn't deserve to get shot': Good Samaritan who helped Ralph Yarl found him bloody and motionless
(DBN)

NY woman looking for friend's house fatally shot by homeowner at wrong address, police say
(DBN)

Louisville police official after second mass shooting in a week: ‘This is not okay’
(DBN)

Family of victim and survivors of Indianapolis FedEx mass shooting file lawsuit against gun magazine manufacturer and distributors
(DBN)

What we know about the Dadeville, Alabama, mass shooting
(DBN)

Videos Show Officers Knocking on Wrong Door Before Fatally Shooting Man
(DBN)

Two Children, a Burst of Gunfire and the Year That Came After
(DBN)

As gun violence reaches record levels in the US, an underlying trauma may be building up
(DBN)

Wisconsin man sentenced to life in prison without parole in 1998 antifreeze murder of his wife
(DBN)

Parents allegedly played fake baby cries over phone to fool grandparents after 1-year-old's death
(DBN)

Ohio officers won't face state charges in fatal shooting of Jayland Walker
(DBN)

Police chief's wife, a substitute teacher, charged for lewd acts with teen in classroom
(DBN)

'Creepy' trespasser entered stranger's apartment, stared at woman while she slept on the couch
(DBN)

'I had to put her down': man who shot girlfriend in the back 4 times claims it was self-defense
(DBN)

U.S. border officials records 25% jump in migrant crossings in March
(DBN)

______________

Judges:

Georgia Middle Bankruptcy Judgeship Vacancy Announcement (Macon)
(DBN)

Notice of Expiration of Cares Act Authorities
(DBN)

I consider Clarence Thomas a friend, and I’m shocked by recent reports • Clarence Thomas To Amend Financial Forms After Home Sale Bombshell: Report • Clarence Thomas's problems are also a John Roberts problem • Harlan Crow: There’s nothing wrong with my friendship with Clarence Thomas • GOP megadonor Harlan Crow isn't charging Clarence Thomas' mother rent. Zillow estimates suggest that would have saved her $155,000 since 2014 •Clarence Thomas's Piss-Ass Excuse For Not Disclosing Megadonor Real Estate Sale • Justice Clarence Thomas received between $270,000 to $750,000 within the past 17 years from a real estate company that no longer exists, Washington Post reports • Amy Klobuchar, who sits on the Senate judiciary committee, says Clarence Thomas' undisclosed lavish gifts from billionaire GOP donor is 'serious' and calls for stronger ethics rules • GOP Megadonor Harlan Crow claims he's the victim of 'a political hit job' after reporting showed he paid for Clarence Thomas' lavish vacations and bought property from him
(DBN)

‘Is He Even Literate?’ Fox News Host Slams ‘Biased’ Judge in Dominion Case as ‘Small Potatoes’ Running ‘Clown Show’
(DBN)

Judge Kacsmaryk And The Case Of The Law Review Article That He Surely Didn't Intentionally Try To Conceal From The Senate
(DBN)

A dangerous new low: Supreme Court must reform — or be reformed
(DBN)

Fifth Circuit’s action on abortion pill mifepristone is a travesty
(DBN)

Federal Circuit Probe of Judge’s Fitness Risks Protracted Battle • Competency concerns lead to investigation of 95-year-old appeals judge
(DBN)

Judge in abortion pill case substituted other names on controversial article before nomination to bench
(DBN)

______________

Wall Street:

Stock futures move higher Tuesday as traders digest latest earnings results
(DBN)

Wall St slips as Fed seen hiking rates in May
(DBN)

Earnings Season Is Off to Best Start in a Decade, Bank of America Says
(DBN)

______________

Layoffs:

EY to Cut 3,000 US Jobs After Shelving Bid to Break Up Firm
(DBN)

I'm a former Microsoft VP of HR. Here are the real reasons why layoffs are happening and how much longer they'll last.
(DBN)

More than 170,000 tech-sector employees have lost their jobs since the start of 2023
(DBN)

Barclays to cut 100 investment-banking jobs this week
(DBN)

______________

Retailing:

David's Bridal files for bankruptcy, but your order is safe • David’s Bridal Files for Bankruptcy for Second Time in Five Years • David’s Bridal Files for Bankruptcy, May Close All Stores • David’s Bridal will close all stores in Chapter 11 unless buyer emerges • Fewer marriages walked David's Bridal down the aisle to bankruptcy
(DBN)

Former Home Depot CEO issues grim warning over US bankruptcies: ‘It’s different than anything I’ve seen’
(DBN)

Cash will become ‘less useable’ as high street goes contactless, says Bank of England
(DBN)

____________

Banking:

The March 2023 Bank Interventions in Long-Run Context – Silicon Valley Bank and Beyond
(DBN)

Investors rethink risk after Credit Suisse bonds wiped out
(DBN)

Depositors pull nearly $60bn from three US banks as Apple raises pressure
(DBN)

U.S. regional banks hit by deposit flight as clients seek higher returns
(DBN)

A Bank Murder Mystery
(DBN)

____________

Economy:

'A credit crunch has started' as banks tighten lending by the most on record, Morgan Stanley CIO says
(DBN)

Why 5% interest rates might not derail the stock market or the U.S. economy
(DBN)

Many Older Americans Haven't Saved Anything For Retirement
(DBN)

The millennial plan for retirement: Getting help from their kids
(DBN)

Fed’s Barkin Wants More Evidence Inflation Is Easing to 2% Goal
(DBN)

Lagarde Says Fragmenting World Economy Is Risk for Central Banks
(DBN)

New York Factory Activity Expands for First Time in Five Months
(DBN)

Biden’s economy is stuck between a rock and a hard place
(DBN)

Here's when the debt-limit crisis gets increasingly risky • McCarthy opens next phase of debt ceiling fight with direct pitch to Wall Street • McCarthy seeks to reassure Wall Street amid stalled debt-limit negotiations • Speaker McCarthy says House Republicans will vote on a debt limit bill into 2024 • McCarthy says House will take up bill to raise debt ceiling with spending cuts • Speaker McCarthy vows to pass debt bill -- with spending cap • Biden will threaten Social Security and Medicare and 'bumble into the first default in our nation's history' if he doesn't negotiate raising the debt ceiling with Republicans, Kevin McCarthy says • Kevin McCarthy says 'it's time for Americans to get back to work' and has a plan in place to overhaul welfare benefits in a debt ceiling deal • McCarthy slams Biden, makes case for GOP moving on debt ceiling ‘in the coming weeks’ • Speaker McCarthy floats GOP plan to claw back pandemic aid
(DBN)

The real reason bosses are freaked out by remote work
(DBN)

They Can’t Even: A Generation Avoids Facing Its Finances - WSJ
(DBN)

Social Security's trust funds could be depleted by 2033
(DBN)

The West Is Preparing for Russia’s Disintegration • Russia's economy is hurting - and a new wave of EU sanctions aimed at crippling its 'war machine' are coming • Russian Oil Exports Rebound to Reignite Doubts Over Output Cut • The Wrong Mr. Kozlov: When Sanctions Spell Trouble for Regular People
(DBN)

In a Growing Share of U.S. Marriages, Husbands and Wives Earn About the Same
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing April 17th Weekly Update: Inventory Decreased 1.3% Week-over-week
(DBN)

Homebuilder sentiment rises in April; builders grab near-record share of market • Builder confidence rises for fourth consecutive month amid low number of resale listings • NAHB: Builder Confidence Increased Slightly in April • US Homebuilder Sentiment Increases for a Fourth-Straight Month
(DBN)

Cathie Wood Has Some Harsh News for The Housing Market
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.55% in March"
(DBN)

Squatter victims fed up with being landlords after feeling wronged by legal system
(DBN)

San Francisco Office Vacancy Rate Reaches New Record High
(DBN)

Florida insurance crisis has some homeowners eyeing an exit: ‘I almost had a heart attack’ • Florida imposes 1% ‘emergency’ fee to property insurance premiums
(DBN)

Brookfield Defaults on $161 Million Office Building Debt
(DBN)

____________

Municipalities:

The Empty Downtown - a New Normal
(DBN)

New Puerto Rico bond default predicted for June 1
(DBN)

Highland Park mayor asks Whitmer to approve municipal bankruptcy over $19M water, sewage debt • Highland Park asks Whitmer for expedited bankruptcy over water debt
(DBN)

____________

Oil/Gas:

GM reveals Buick Envista as brand’s last new gas-powered vehicle
(DBN)

A U.S. Shale Job Boom Is Coming
(DBN)

IEA Still Predicts Record Oil Demand in 2023
(DBN)

____________

Politics:

Oklahoma governor calls for resignations after county officials reportedly discussed killing journalists, hanging Black people • Oklahoma officials recorded talking about killing reporters and complaining they can no longer lynch Black people
(DBN)

Record number of Americans say they're politically independent
(DBN)

Speaker McCarthy Is Feeling the Heat
(DBN)

House GOP puts on united front as conflict brews behind the scenes
(DBN)

Trump picks two more endorsements from Senate Republicans
(DBN)

GOP mega-donor pauses plans to back DeSantis over social issues
(DBN)

DeSantis wants to make it easier to execute criminals — with an eye toward Supreme Court
(DBN)

DeSantis floats building prison on land next to Disney World • Ron DeSantis unveils legislative move targeting Disney • DeSantis to ax Disney development deal that aimed to undermine state oversight
(DBN)

George Santos' personal insult against his potential Democratic opponent backfires spectacularly
(DBN)

Bud Light Boycott Tears Republicans Apart
(DBN)

How much cash each presidential hopeful has
(DBN)

McConnell and Fetterman to return as Senate gears up for Biden nominations
(DBN)

Republicans reject Feinstein committee swap, putting Democrats in a bind
(DBN)

The ‘Diploma Divide’ Is the New Fault Line in American Politics
(DBN)

A key figure in the pro-Trump “Stop the Steal” campaign has apologized after being accused of asking teenage boys for sexual pictures
(DBN)

Sen. Bob Menendez of New Jersey to set up legal defense fund amid criminal probe
(DBN)

____________

Education:

Supreme Court upholds $6B settlement with Betsy Devos-era scammed students
(DBN)

____________

Student Debt:

Who qualifies for help under $6 billion student loan class-action settlement
(DBN)

These veterans’ student loans are gone, but so are their GI Bill benefits. How that could change
(DBN)

____________

Healthcare:

Doctor Shortages Distress Rural America, Where Few Residency Programs Exist
(DBN)

Young, White, Female and Dying of Despair in Rural America
(DBN)

Trans Kids Are Losing Critical Healthcare, and Their Parents Are Panicking
(DBN)

What the recent failures of Mindstrong and Pear tell us about the future of digital mental health
(DBN)

Republican Report on Covid Origins Pushes Lab Leak Hypothesis
(DBN)

Refined carbs and red meat driving global rise in type 2 diabetes, study says
(DBN)

____________

Autos:

Tesla Reports Another Fatal US Crash Involving Automated Driving
(DBN)

____________

Cannabis:

Distressed Issues and Alternatives to Bankruptcy for Cannabis Businesses
(DBN)

____________

Movie Theaters:

Cineworld Halts Plan to Sell Off Europe, Israel Businesses • Cineworld can’t find buyer for operations outside UK, US and Ireland as creditors set to take over • Cineworld Group abandons plan to offload its Eastern European and Israeli businesses as bids fail to meet creditor demands
(DBN)

____________

Fraud:

Woman scams Holocaust survivor out of his life savings
(DBN)

____________

Electricity:

It Took 15 Years for the Feds To Approve a 700-Mile Electric Line
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

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

Bankruptcy Code (html) - Bankruptcy Code (pdf) • Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Advisors:

Lazard Adds Two Restructuring Heads As Corporate Distress Grows
(DBN)

____________

Mass Torts:

DOJ Opposes Protection for Johnson & Johnson in Second Talc Bankruptcy - WSJ
(DBN)

J&J talc unit again seeks to halt 38,000 cancer lawsuits
(DBN)

____________

Aviation:

Rocket start-ups scramble as funding takes a dive
(DBN)

European Commission probes state aid for Romania's troubled Blue Air
(DBN)

____________

Labor:

Ben & Jerry’s workers in flagship Vermont store file for union election
(DBN)

U.S. Was Warned of Migrant Child Labor, but ‘Didn’t Want to Hear It’
(DBN)

Labor strikes are rising – and winning pay hikes
(DBN)

Hollywood Writers Approve of Strike as Shutdown Looms
(DBN)


____________

Religion:

Former cardinal Theodore McCarrick, 92, charged with sexual assault over alleged 1977 incident
(DBN)

Scholars Are Learning More About What the Catholic Church Did—and Didn’t Do—to Save Jews During the Holocaust
(DBN)

____________

Tech:

Musk Admits Twitter Purchase Wasn’t ‘Financially Smart’—And He Paid Twice What It's Worth
(DBN)

Twitter is Monetizing Hate
(DBN)

Google Devising Radical Search Changes to Beat Back A.I. Rivals
(DBN)

EU lawmakers call for a new set of rules for A.I. tools such as ChatGPT
(DBN)

13-year-old Ohio boy dies after attempting the TikTok "Benadryl Challenge," his parents say
(DBN)

AI Work Sparks Fierce Debate After Winning Photo Award
(DBN)

____________

Climate:

U.S. tax breaks lure European clean tech companies as E.U. lags
(DBN)

Marjorie Taylor Greene says climate change is a 'scam' and that fossil fuels are 'amazing'
(DBN)

31 Atmospheric Rivers Hit California
(DBN)

____________

Fraud:

Former Outcome Health Execs Found Guilty Of 47 Counts Of Fraud
(DBN)

____________

Water:

The worst-case scenario for drought on the Colorado River
(DBN)

The 100-year-old-mistake that’s reshaping the American West
(DBN)

____________

Crypto:

FTX celebrity promoters say crypto investors cannot sue over accounts • Who is FTX founder Sam Bankman-Fried? He's a product of our time
(DBN)

Shaquille O’Neal served as defendant in FTX lawsuit that lawyers say could be worth more than $5B in damages
(DBN)

New York to Start Charging Crypto Firms for Examination Costs
(DBN)

Canada’s New Crypto Rules Push Trading Platforms to Comply or Leave
(DBN)

Bitcoin miners escape the bear trap
(DBN)

Crypto lender Babel gets extended creditor protection in Singapore
(DBN)

Britain could see crypto-specific regulation in 12 months, top lawmaker says
(DBN)

____________

Sovereigns:

IMF wants Egypt to make reforms before bailout review: Report
(DBN)

Former IMF Official Werner Said to Advise El Salvador on Lending Deal
(DBN)

Paris Club creditors commit to providing financing assurance to Ghana
(DBN)

Zambians struggle with cost of living as debt rework drags on
(DBN)

World Bank warns Fiji to cut debt urgently or risk stalling pandemic recovery
(DBN)

____________

UK:

Insolvencies jump to new high in March, ahead of pandemic levels
(DBN)

Business insolvency in England and Wales soars in March
(DBN)

Tolent collapsed owing £46m to more than 1,000 creditors, documents show
(DBN)

____________

Canada:

Government Workers Gear Up for One of Canada’s Largest Strikes
(DBN)

____________

China:

China should let some local governments file for bankruptcy as part of the solution to country’s debt problem
(DBN)

Navy sends warship through Taiwan Strait after Chinese exercise around Taiwan
(DBN)

China to Be Top World Growth Source in Next Five Years, IMF Says
(DBN)

Rumors of China’s economic demise may be greatly exaggerated
(DBN)

____________

Northern Ireland:

Warning after bankruptcy court reopens to creditor winding up petitions • North's bankruptcy court reopens to creditor winding up petitions
(DBN)

____________

Australia:

The Unfair Set-Off
(DBN)

____________

Sudan:

Rival armed forces intensify battle for control of Sudan as civilian death toll rises • In rare moment of unity, the U.S., Russia and China called for end to violence in Sudan • Sudan army declares RSF a rebel group, orders dissolution • U.S. diplomatic convoy fired on in Sudan as intense fighting continues between rival forces
(DBN)

____________

Russia:

Massive explosions rock Russia leaving thousands without power in ‘Ukrainian drone attack’ on power stations
(DBN)

Ukraine's Counteroffensive Could Be Very Near • Wagner Group leader says a Ukrainian counter-offensive would likely succeed as Russia is in 'crisis,' report says
(DBN)

Ukrainian troops say Western military officers have been FaceTiming with them to teach them how to use weapons coming without instructions
(DBN)

____________

Sweden:

Sweden’s economic gloom goes from bad to worse as government predicts steeper GDP contraction
(DBN)

____________

MENA:

Iran cracks down to reimpose strict dress code • 2 women attacked with yogurt in Iran and arrested for not covering their hair
(DBN)

Iran says 22,000 who were arrested in protests have been pardoned
(DBN)

____________

India:

India's Worthless Degrees Undercut World's Fastest-Growing Major Economy
(DBN)

____________


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