April 21, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Which firms snagged top spots for gross revenue, profits per lawyer and equity partner?
(DBN)

One In-House Counsel’s Take On 'Non-Negotiable Expectations'
(DBN)

5 ways to scale in-house resources in the face of an economic downturn
(DBN)

The Profits Per Partner At This Biglaw Firm Are Sky High
(DBN)

Millennial Biglaw Associates Really Want To Become Millennial Biglaw Partners
(DBN)

My car was towed twice while I was working late and legally parked, lawyer’s latest suit says
(DBN)

Prosecutor's Typed Rulebook Demands Harsher Plea Deals If Defendant Has Criminal History 'And/Or Hispanic'... Wait, What?!?
(DBN)

Ex-Latham & Watkins employee banned from law for child sex abuse images
(DBN)

US firm and tech multinational join LawyerUp to scoop up talent
(DBN)

MyPillow CEO’s $5M ‘Prove Mike Wrong’ election-fraud challenge leads to arbitration win for claimant Mike Lindell Loses Arbitration Dispute, $5 Million, Mind My Pillow CEO ordered to follow through with $5 million payment to expert who debunked his false election data
(DBN)

Lawyer who testified she spit toward but not on Black Lives Matter protester convicted; another trial awaits
(DBN)

DHS: US Extremists Pose Threat to Police
(DBN)

Stanford Law School Defused Free Speech Crisis By Throwing Minority Students Under The Bus
(DBN)

Law Mom And The Modern Family: Round 2
(DBN)

Defense attorney's shock arrest caps off days of courtroom chaos in Young Thug trial
(DBN)

U.S. News Delays Error-Riddled Law School Rankings Release Yet Again
(DBN)

Supreme Court set to decide on access to abortion pill The Supreme Court's abortion pill ruling could be even more radical than its reversal of Roe v. Wade Abortion access and the future of American health care is on the line today
(DBN)

Appeals court presses pause on House GOP subpoena to former Trump prosecutor
(DBN)

White House defends Hunter Biden probe as 'free from any political interference' Federal prosecutors have considered four possible charges against Hunter Biden
(DBN)

Judge refuses to tell jury in Trump civil rape trial that former president is 'excused' Donald Trump Prepares For E. Jean Carroll Trial By Flipping Off Judge Trump can skip trial in E. Jean Carroll rape case, but he can't blame NYC for absence, judge rules
(DBN)

Anatomy of a smashed window: Pezzola tells his Jan. 6 story Jan. 6 Defendant Opens Fire on Deputies Before Surrender to the F.B.I.
(DBN)

Three Hard Lessons from the Dominion Defamation Lawsuit against Fox Fox Can Claim a Big Tax Break From Its Dominion Settlement
(DBN)

Grandson of Ralph Yarl’s shooter says he was into ‘weird, random, racist things’ Man Who Shot Ralph Yarl Watched Fox News Nonstop and Said 'Racist Things,' Grandson Says Grandson of man who shot Ralph Yarl says 'fear' and conspiracies consume him Ralph Yarl’s shooting is many Black parent’s biggest nightmare
(DBN)

Neighbor accused of shooting 6-year-old girl after basketball rolled onto his lawn Suspect in custody after neighbors said he shot North Carolina man and 6-year-old over basketball
(DBN)

Slain Vegas shooting victims' kin to split shooter's estate
(DBN)

Alec Baldwin charges to be dropped in fatal 'Rust' shooting, lawyers say
(DBN)

The mother of a Uvalde victim says she waited 13 hours to demand lawmakers limit gun sales: 'Did you think we'd go home?'
(DBN)

Stabbed dad calls 911 after teen son kills wife and mother in 'rage' at home: Cops
(DBN)

Oklahoma sheriff caught on tape boasting about physically confronting local DA and killing reporters
(DBN)

It’s Still a Crime for Unmarried Couples to Live Together in Michigan
(DBN)

Florida now has nation’s lowest death-penalty threshold; second bill allows execution of child rapists
(DBN)

Nevada Senate advances bill protecting residents seeking out-of-state abortions
(DBN)

Bandits steal two tons of gold from Toronto Airport!
(DBN)

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Judges:

Judge’s donations cloud rulings in Catholic bankruptcy case
(DBN)

Purdue Pharma Law Firm Builds ‘Ethical Wall’ to Shield Ex-Judge
(DBN)

Judiciary Democrats advance first judicial nominees during Feinstein absence Here are the Biden judges stalled in the Senate amid Feinstein’s absence
(DBN)

Thomas’s ethics issues stir GOP unease, set up reform push Justice Thomas’ financial disclosure issues referred to committee of federal judges Top US Senate Republican Backs U.S. Supreme Court Chief Amid Calls for Thomas Probe
(DBN)

Durbin asks Roberts to testify in Congress amid Thomas controversy
(DBN)

Congressional standoff over Supreme Court escalates
(DBN)

How Rich Is the US Supreme Court?
(DBN)

Democrats advance seven Biden judicial nominees with GOP support amid Feinstein absence
(DBN)

Justice Dept. Presses Local Courts to Reduce Fines
(DBN)

Judge Who Denied Teen An Abortion Over Her Grades On Shortlist For Florida Supreme Court
(DBN)

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Wall Street:

Stock futures edge lower as Wall Street processes earnings results
(DBN)

US stocks fall after jump in jobless claims and weak corporate earnings results
(DBN)

A recession is coming — and stock markets won’t come through it unscathed, strategist says
(DBN)

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Layoffs:

Meta employees criticize Mark Zuckerberg's second round of layoffs in an internal forum: 'you've shattered the morale and confidence in leadership,' report says
(DBN)

Whole Foods plans to lay off several hundred corporate employees: Read the memo here
(DBN)

BuzzFeed will lay off 15% of staff, shutter its news unit
(DBN)

In a leaked Q&A, Mark Zuckerberg tells employees “we’re in a different world”
(DBN)

BNPL startup Simpl layoffs over 150 employees
(DBN)

Ann Arbor's Home Point Capital lays off most Michigan employees
(DBN)

WalkMe axes another 112 employees
(DBN)

Bed Bath & Beyond stiffed thousands of workers on severance pay
(DBN)

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Media:

Insider Cuts 10% of Staff, Says ChatGPT Experiments Aren't to Blame
(DBN)

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Utilities:

Need power in California? Get in line.
(DBN)

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Hotels:

Hotels: Occupancy Rate Up 3.7% Year-over-year
(DBN)

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Economy:

Weekly Initial Unemployment Claims increase to 245,000
(DBN)

House GOP’s debt-limit plan seeks to repeal major parts of Democrats’ climate law Manchin slams Biden for ‘deficiency of leadership,’ applauds McCarthy debt limit plan ‘Blueprint to devastate hard-working American families:’ White House bashes House GOP proposal Democratic anxiety emerges over Biden's debt ceiling stance BlackRock Delivers Stark Warning on US Debt Default
(DBN)

Economists and policymakers were fretting about a wage-price spiral. Not any more
(DBN)

Recession already here for many Americans, as buying power, credit, social net shrinks
(DBN)

Bank of America’s credit card volume slows as consumers rack up debt
(DBN)

Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023
(DBN)

Fed’s Mester Signals Support for Another Hike But Urges Prudence
(DBN)

The market is wrong to expect Fed rate cuts anytime soon as inflation will persist, Blackstone president says
(DBN)

Investors see a US recession ahead, sticky inflation, and more rate hikes from the Fed, JPMorgan says
(DBN)

Up to 40% of the US economy is set to be squeezed by tighter financial conditions as credit crunch worsens, strategist says
(DBN)

Ray Dalio says the financial system will need ‘big restructurings’ soon as debt burdens become unsustainable
(DBN)

CEO says many of his remote workers didn't open their laptops for a month, and 'only the rarest of full-time caregivers' can be productive employees
(DBN)

Research: More women out-earning or making the same as their husbands in U.S.
(DBN)

Yellen warns decoupling from China would be ‘disastrous’
(DBN)

Big businesses rally to preserve their right to limit ex-workers' job options
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Existing-Home Sales Decreased to 4.44 million SAAR in March; Median Prices Declined 0.9% YoY Home sales fell in March amid volatility in mortgage rates Home Prices in March Posted Biggest Annual Decline in 11 Years - WSJ
(DBN)

US Home Prices Fall Most in a Decade But Still Far From Affordable
(DBN)

Realtor.com Reports Weekly Active Inventory Up 49% YoY; New Listings Down 5% YoY
(DBN)

California Foreclosures Filings Up 22% in Q1
(DBN)

Could N.Y.C. Rents Go Up by 16 Percent? Here’s What to Know.
(DBN)

Los Angeles Delays ‘Mansion Tax’ Spending Amid Legal Challenges
(DBN)

When your neighbors become your overlords
(DBN)

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Municipalities:

Bill to resolve Puerto Rico’s territorial status reintroduced in the House House Democrats revive Puerto Rico Status Act
(DBN)

Deadline set for Highland Park, Great Lakes Water Authority to present plan to pay water debt
(DBN)

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Media:

BuzzFeed News will shut down
(DBN)

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Education:

Nearly 1,500 books bans implemented in first half of school year
(DBN)

Book Bans Rising Rapidly in the U.S., Free Speech Groups Find
(DBN)

Kentucky Schools Can’t Teach Kids About Puberty Anymore
(DBN)

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Climate:

Biden commits $1B to international climate fund Biden pledges $500 million to fight Amazon deforestation, Congress must approve
(DBN)

Why Texans need to know how fast Antarctica is melting
(DBN)

The devil lurking in the dust
(DBN)

Fast-warming Europe risks more droughts as Alps glaciers melt at record rate
(DBN)

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Cannabis:

A Flicker of Hope for Distressed Cannabis Companies: Bankruptcy May be Available to Liquidate Assets of Non-Operating Cannabis Companies
(DBN)

Republican voters back states’ right to determine cannabis use
(DBN)

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Banking:

Bridgeport bank failure cost millions more than feds have said: Where did all the money go?
(DBN)

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Autos:

Why the Repo Man Is Back
(DBN)

Tesla stock slides 8% as Elon Musk's price cuts eat into quarterly profits
(DBN)

US jury set to decide test case in Tesla Autopilot crash
(DBN)

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Tech:

UK Minister: Jail Social Media Bosses Who Fail to Censor 'Harmful' Content
(DBN)

The ridiculous Twitter check mark fiasco keeps getting worse Twitter begins removal of legacy verified checkmarks Twitter’s Legacy Blue Checks Are Gone, Stirring Confusion Elon Musk Says He’s Paying for Celebrities’ Blue Checkmarks on Twitter – Even When They Don’t Want Them Elon Musk at it again, makes ridiculous blue check Twitter decision for Beyonce, Lady Gaga, Oprah, more Rihanna, Taylor Swift among the few celebrities paying Twitter to keep their blue checkmarks
(DBN)

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Pharma:

Senate legislation would cap insulin at $35 per month for people with private insurance
(DBN)

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Celebs:

Boy George 'facing bankruptcy' after being sued by ex-bandmate Jon Moss for £1,750,000
(DBN)

Bankrupt influencer is busted pretending she didn't spend the morning in court to settle her debts - as she tells her followers she was just 'doing the food shop'
(DBN)

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Fraud:

U.S. judge denies bail to exiled Chinese businessman Guo Wengui in fraud case
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

Mass Torts:

Johnson & Johnson’s Second Bankruptcy: New And Improved
(DBN)

US judge halts most talc lawsuits against J&J, stops trials U.S. bankruptcy judge halts 40,000 Johnson & Johnson talc-cancer lawsuits
(DBN)

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Sovereign Immunity:

Justices to consider tribal immunity from bankruptcy process
(DBN)

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Bankruptcy Research:

Law and Courts in an Age of Debt
(DBN)

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Sales:

United States Supreme Court Holds that Bankruptcy Code Section 363(m) Does Not Preclude Appellate Jurisdiction on Asset Sale Orders
(DBN)

Court rules in favor of Mall of America in dispute over Sears lease
(DBN)

A Split Resolved: The Supreme Court Holds Section 363(m) To Be Non-Jurisdictional - and Maybe Casts a Shadow on the Doctrine of Equitable Mootness
(DBN)

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Aviation:

SpaceX giant rocket explodes minutes after launch from Texas Starship Exploded, but SpaceX Had Reason to Pop Champagne Anyway World's most powerful rocket fails to separate and explodes in $3B fireball SpaceX's 1st Starship launches on epic test flight, explodes in 'rapid unscheduled disassembly' Powerful Blast from SpaceX’s Starship Damages Launch Pad and Wrecks Nearby Minivan Debris Rains Down on Protected Wildlife After Starship Explosion
(DBN)

Virgin Orbit sets deadline for bids
(DBN)

The seat-belt sign is on: Viral videos and climate change boost concerns about turbulence
(DBN)

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Healthcare:

DOJ charges 18 people — including doctors — in massive Covid health-care fraud takedowns
(DBN)

The Rise of ‘Gas Station Heroin’
(DBN)

____________

Retailing:

Bed Bath bankruptcy likely Bed Bath & Beyond Tumbles Amid Mounting Bankruptcy Fears Why hasn’t Bed Bath & Beyond filed for bankruptcy yet? Bed Bath & Beyond is filing for bankruptcy in days Bed Bath & Beyond stiffed thousands of workers on severance pay Bed Bath & Beyond potential bankruptcy would create long-term growth for TJX
(DBN)

David’s Bridal owes $27.5M to vendors as it charts course in bankruptcy David’s Bridal CEO Promises to Deliver the Dress Amid Bankruptcy
(DBN)

The retail apocalypse? More like the retail evolution
(DBN)

____________

Crypto:

Crypto Influencer Bitboy Crypto Skips Court Appearance in FTX Case
(DBN)

FTX Creditors Laud Former US Secret Service Agent In Bankruptcy Case
(DBN)

Youth Insolvency Spikes in South Korea – Is a Rise in Crypto Investment to Blame?
(DBN)

Crypto Restructuring: Singapore Court Recognises Administrative Convenience Class
(DBN)

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Politics:

After high-flying start, DeSantis hits stumbling blocks on road to 2024 DeSantis has Trump campaign’s ‘foot on his throat,’ seen as true threat to ex-president’s 2024 hopes GOP lawmakers view Trump tactics against DeSantis ‘nasty and personal’ DeSantis’s Electability Pitch Wobbles, Despite G.O.P. Losses Under Trump ‘Deeply frustrated': Florida legislators worn out by DeSantis DeSantis-backed board moves closer to nixing Disney pact Disney tells lobbyists to ramp up fight against DeSantis and allies in Florida DeSantis Signs Law Lowering Death Penalty Threshold in Florida Disney struck a second secret agreement to mess up DeSantis’ power grab on the company, official says Disney announces groundbreaking for affordable housing in Florida
(DBN)

Donald Trump Receives Huge Polling Boost Against Biden and DeSantis
(DBN)

Republicans are alarmed about a Mastriano for Senate bid. Even Trump.
(DBN)

House GOP forces vote on transgender athlete restrictions as Dems warn it will ‘wind up backfiring’ House Republicans pass bill to ban transgender women, girls from school sports teams
(DBN)

George Santos insists he's donating his congressional salary, but he won't say where it's going: 'I owe you no explanation'
(DBN)

Poll: Biden 2024 splits Dems but most would back him in Nov.
(DBN)

Tennessee Republican who voted to expel Democrats resigns after ethics violation
(DBN)

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UK:

UK Prime Minister Rishi Sunak rocked by resignation of top ally Raab over bullying allegations
(DBN)

Brexiteers will die soon and Britain will rejoin single market in 15 years, Ryanair CEO says
(DBN)

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Sudan:

U.S. positioning troops ahead of possible Sudan embassy evacuation
(DBN)

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China:

Why China’s police state has a precinct near you
(DBN)

As Xi Befriends World Leaders, He Hardens His Stance on the U.S.
(DBN)

Yellen Calls for ‘Constructive’ China Relationship
(DBN)

China’s miraculous growth machine is juddering to a halt
(DBN)

____________

Russia:

‘Frustrating’: Ukraine slams EU for failing to deliver on ammo plan
(DBN)

Leaks stir GOP outrage over US troops at embassy in Ukraine
(DBN)

Russia is arresting police officers and overhauling its security forces after data leaks to Ukraine, say reports
(DBN)

Russian warplane accidentally bombs its own city Russian jet drops bomb on Russian city, state media says
(DBN)

Kyiv says it’s time for NATO to invite Ukraine into the alliance — not just to a summit
(DBN)


____________

MENA:

Christians in the Holy Land become a target of Israel's rising far right
(DBN)

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France:

Humiliated Macron is now becoming dangerous
(DBN)

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