August 18, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Scandalous Lewis Brisbois Breakaway Firm Will Close Its Doors After Last Defectors Flee
(DBN)

Demand For In-Person LSAT Spikes After Huge Remote Testing Failure
(DBN)

Addleshaw Goddard defends Hawaii-themed party
(DBN)

Jackson Walker Reaps the Benefits of Evolving Big Law Collaborations
(DBN)

Sidley Leads China Evergrande on US Bankruptcy Filing
(DBN)

Law Mom And The Modern Family: Experiencing Gender Bias In CLE Bias Training
(DBN)

Lawyers At This Biglaw Firm Seem To Love Ron DeSantis
(DBN)

Can Lawyers Legally And Ethically Record Conversations With Clients Using Artificial Intelligence?
(DBN)

AI threatens the billable hour revenue model
(DBN)

The Hard-Tweeting Defense Lawyer GOP Candidates Have Learned to Fear
(DBN)

How Trump Uses Supporters’ Donations to Pay His Legal Bills
(DBN)

Why Trump's prosecutions are happening all at once
(DBN)

Purported names, photos of Georgia grand jurors shared online Grand jurors in Georgia Trump case face threats, racist attacks Georgia law enforcement probe threats after Trump grand jury identified online Trump surrender in Georgia expected next week, source says Fani Willis is taking a major gamble on the Trump case Georgia’s peculiar pardon system is bad news for Trump Georgia Republicans Take Emergency Action on Trump Indictment Trump now faces 91 felony counts. But the most recent batch is different The five conspiracies at the heart of the Georgia Trump indictment The identities behind the 30 unindicted co-conspirators in Trump's Georgia case
(DBN)

Trump attacks ‘lethargic’ Bill Barr, who said he’d be willing to testify in Jan. 6 trial
(DBN)

As Trump racks up indictments, his supporters are getting arrested and threatening violence against a judge and jurors
(DBN)

The Constitution bars Trump from holding public office ever again
(DBN)

The Trump indictments reveal a paradox at the heart of American democracy
(DBN)

Ranked by risk: Trump’s four criminal indictments
(DBN)

Keep Your Eyes on Jack Smith Special counsel obtained Trump DMs despite ‘momentous’ bid by Twitter to delay, unsealed filings show Trump Proposes April 2026 for Federal Trial on 2020 Election Case
(DBN)

DOJ raises conflict of interest issues with De Oliveira attorney in Mar-a-Lago case
(DBN)

Judge in Trump classified docs case reschedules sealed proceeding
(DBN)

‘Inevitable’: Meadows gets swept up in Trump’s legal troubles
(DBN)

Rudy Giuliani made desperate appeal to Trump to pay his legal bills in Mar-a-Lago meeting John Dean on Giuliani in Georgia indictment: ‘Rudy is going to get destroyed by this’ ‘Deep Trouble’: Rudy Giuliani ‘Likely’ to End Up Filing for Bankruptcy and Will Be Forced to Use Court-appointed Defense Attorney, Former Nixon Counsel Believes Rudy Giuliani Sold His Soul To Donald Trump. The Price: $340,000.
(DBN)

Rudy Giuliani pocketed $300,000 from farmers investing in anti-Biden documentary that was never made, lawsuit claims
(DBN)

Trump’s ‘report’: Ex-Trump White House attorney says it could backfire
(DBN)

Tish James signals ideological split from Hochul with unusual recusal
(DBN)

Jan. 6 rioter who stole police shield and kept it as a souvenir is sentenced to prison 30 Years in Prison Wanted for Proud Boys Leaders
(DBN)

Biden’s Top Lawyer to Depart White House as Probes Ramp Up
(DBN)

Tax charges from defunct Hunter Biden plea deal dismissed, so probe can move forward Biden's Failed Plea Deal, Explained
(DBN)

Ken Paxton Operated in the Shadows
(DBN)

Woman sentenced to 22 years in prison for mailing ricin to Trump in 2020
(DBN)

A famed Silicon Valley VC who left for the UK says he wouldn't live in San Francisco with kids after men fired gunshots a few blocks from his dinner
(DBN)

Trump officials hatched the idea for the Rio Grande buoys that Texas now uses to block migrants
(DBN)

Appeals court upholds parts of ruling that limit abortion pill access Abortion pill ruling sets up Supreme Court showdown The fight over whether courts can ban mifepristone is headed back to the Supreme Court
(DBN)

US Appeals Court Blocks Idaho's Transgender Student Athlete Ban
(DBN)

The crucial mistake that lost DeSantis his fight against Disney
(DBN)

FBI Arrests Calif. Cops After Racist Texts
(DBN)

Breastfeeding mom asked to leave pool
(DBN)

Trial of 2 white Mississippi men in shooting attack on Black FedEx driver ends in mistrial
(DBN)

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Judges:

Judges face perilous position over Trump’s criminal trials
(DBN)

‘Unprecedented’: Former judge weighs in on Trump’s attacks Former federal judge says Trump’s ‘unprecedented’ attacks on judges could ‘imperil’ his case
(DBN)

MAGA Judge James Ho Unveils New Injury Based On Conservative Tears
(DBN)

A Georgia Judge Was Removed For Exploiting Clients And Vacationing On The Public's Dime
(DBN)

Judge In Kansas Newspaper Raid Case Once Crashed Into A School While License Suspended From Another DUI
(DBN)

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Wall Street:

Stock futures slip, setting up major indexes for another losing day
(DBN)

US stocks tumble as 10-year yield keeps climbing to hit highest since 2007
(DBN)

Markets should brace for a turbulent few weeks as slow motion rate shock continues, DataTrek says
(DBN)

US real yields surge to 2009 highs, recalling post-Lehman carnage
(DBN)

Goldman plans hiring spree to fix lapses after increased Fed scrutiny
(DBN)

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Layoffs:

Almost Half of Americans See Automation Replacing Their Jobs
(DBN)

Roche job cuts mount to 365
(DBN)

FedEx plans layoffs at 5 facilities, impacting 843 employees
(DBN)

'Slap in the face,' Former Christmas Tree Shops workers wait for final paychecks, bonuses
(DBN)

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Military:

The $362 million warship the US Navy just decommissioned wasn't even in service 5 years
(DBN)

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Trucking:

Bankrupt Trucker Yellow Gets $1.3 Billion Bid From Rival Estes Estes Express Offers $1.3 Billion For Ex-Rival Yellow’s Terminals—After 99-Year-Old Trucker Declared Bankruptcy
(DBN)

What’s behind a spike in trucking rates since Yellow’s failure
(DBN)

Apollo sells Yellow term loan to Citadel
(DBN)

____________

Tech:

Two brands suspend advertising on X after their ads appeared next to pro-Nazi content
(DBN)

Pro-Wagner accounts keep showing up on Facebook and Instagram after Meta’s ban on the mercenary group, report shows
(DBN)

New York City bans TikTok on government devices
(DBN)

Risks of using AI-generated content
(DBN)

OpenAI could face a plagiarism lawsuit from The New York Times as tense negotiations threaten to boil over, report says
(DBN)

OpenAI now tries to hide that ChatGPT was trained on copyrighted books, including J.K. Rowling's Harry Potter series
(DBN)

An Iowa school district asked ChatGPT if a list of books contains sex scenes, and banned them if it said yes. We put the system to the test and found a bunch of problems.
(DBN)

Microsoft CEO Says AI Is a Tidal Wave as Big as the Internet
(DBN)

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Ride Hailing:

Lyft and Uber say they will leave Minneapolis if the mayor signs a minimum wage bill for drivers
(DBN)

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Bicycles:

McLaren Applied's Lavoie in talks to buy Dutch e-bike maker VanMoof - source
(DBN)

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Student Debt:

Generation X Is Staring Down Retirement, and Student Loan Debt
(DBN)

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Hotels:

Hotels: Occupancy Rate Unchanged Year-over-year
(DBN)

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Food/Beverage:

The Ozempic Craze Could Put These Companies on a Crash Diet
(DBN)

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Economy:

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
(DBN)

Beating Profit Estimates No Longer Spurs Stock Rally as Fed Fears Reign
(DBN)

Why Americans Still Live Paycheck to Paycheck
(DBN)

Economists Lift US Growth Forecasts, See Fed Higher for Longer
(DBN)

An $11 trillion wealth wipeout has set the world back for the first time since 2008, thanks to a trifecta of high inflation, interest rates, and currency declines
(DBN)

Americans Credit the Fed for Inflation Cooldown in Consumer Survey
(DBN)

Weekly Initial Unemployment Claims Decrease to 239,000 US Jobless Claims Decline in Sign of Resilient Labor Market
(DBN)

Biden approval rating on economy mired at 36 percent: survey
(DBN)

Wall Street is hiking forecasts for economic growth
(DBN)

Rising Rates Are Hurting Highly Leveraged Borrowers, Cisar Says
(DBN)

Yields soar after Fed minutes reinforce inflation risks
(DBN)

Dirty downside of 'return to office'
(DBN)

Forget the six-figure UPS gig. You can make $180,000 at In-N-Out, writes burger heiress Lynsi Snyder in her new book.
(DBN)

Republicans fear revolt over House budget stopgap
(DBN)

Private Credit Loans Are Growing Bigger and Breaking Records
(DBN)

Cisco Gives Tepid Annual Forecast, Renewing Fears of Slowdown
(DBN)

Some people say they're angry that UPS workers could make $170,000 including benefits. Members of Congress make more than that for working a lot less.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Does WeWork’s Going Concern Warning Signal a Potential Bankruptcy Filing? WeWork to proceed with 1-for-40 reverse stock split
(DBN)

These 4 charts explain why the housing market isn't getting affordable anytime soon
(DBN)

Lawler: Early Read on Existing Home Sales in July
(DBN)

The housing market is at 'rock bottom,' says Redfin's CEO, as high rates and prices take their toll
(DBN)

Realtor.com Reports Weekly Active Inventory Down 8% YoY; New Listings Down 8% YoY
(DBN)

US Mortgage Rates Jump to 7.09%, Highest Since 2002
(DBN)

CoreLogic: US Home Investor Share Remained High in Early Summer 2023
(DBN)

Mortgage rates jump back to 2001 levels
(DBN)

NYC Kicks Off Plan to Rezone Midtown, Turn Offices Into Housing
(DBN)

In Maui’s ashes, locals have a stark warning for predatory land grabbers
(DBN)

Home prices defy gravity as affordability crisis worsens
(DBN)

In the LA Mansion Market, Steep Discounts Are the New Normal
(DBN)

The Supreme Court Could Overrule Rent Control In New York And Across The Nation
(DBN)

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Municipalities:

PREPA perfection deal settles claim for time being
(DBN)

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Oil/Gas:

Crude oil dips as Chinese property crisis roils market
(DBN)


____________

Celebs:

TikTok, YouTube Stars Left Holding Bag After Fanjoy Bankruptcy
(DBN)

Elon Musk is the ringleader of the petty patrol How does Elon Musk get away with it all?
(DBN)

____________

Politics:

‘I like what he stands for’: Tim Scott is gaining popularity with voters on both sides of the aisle
(DBN)

Nikki Haley wants to be 'Madame President.' GOP voters aren't sold.
(DBN)

Pence world poised for a showdown with Trump
(DBN)

The state that's given Trump the most fits threatens to bite him all over again
(DBN)

Fact check: Biden tells three false personal anecdotes in speech
(DBN)

Trump Rivals Are Beholden to Him, Says Biden Ad Blitz Ahead of GOP Debate
(DBN)

North Carolina legislature overrides governor’s vetoes to enact 3 bills targeting transgender youth
(DBN)

Most LGBTQ+ adults feel less safe as laws ban gender-affirming care
(DBN)

Gender studies on ‘high alert’ amid conservative attacks
(DBN)

Anti-abortion movement reckons with ‘circular firing squad’
(DBN)

Fight over felons' voting rights heats up for 2024
(DBN)

Veterans group calls on Rick Scott to help break Tuberville hold on military promotions
(DBN)

Behind the math: How California got to $1.2 million for reparation payouts
(DBN)

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Education:

'I quit teaching because we do so much unpaid work outside of working hours': Former teachers share the jobs they got after burning out
(DBN)

Historian says teachers are being required to teach a lie about a massacre
(DBN)

Florida students and professors say new law censors academic freedom
(DBN)

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Retailing:

Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
(DBN)

Behind the Scenes of a ‘Going Out of Business’ Sale
(DBN)

CVS Tumbles as California Insurer Plans to Upend Pharmacy Model
(DBN)

RadioShack under new ownership again
(DBN)

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Utilities:

Hawaiian Electric Muni Debt Also Risks Junk Cut, Barclays Warns Hawaiian Electric stock plummets as lawsuits mount and talk of restructuring grows Hawaiian Electric Shares Hit 52-Week Low As Investors Fear Looming Bankruptcy Devastating Maui wildfires could force Hawaiian Electric into bankruptcy Why Hawaii Is Scrutinizing Hawaiian Electric in the Maui Fire Hawaiian Electric focused obsessively on renewable energy while only spending $245,000 on wildfire safety Hawaii Fires Turn a Safe Investment into a Big Risk
(DBN)

California's Paradise installs old-school sirens after wildfire destruction
(DBN)

Hawaiian Electric Lawsuit Is More Evidence That Electric Grids Across the U.S. Need Updating
(DBN)

____________

Television:

Broadcast and cable made up less than 50% of TV usage in July
(DBN)

____________

Labor:

Writers Guild and studios set to resume negotiations on Friday
(DBN)

____________

Auto Parts:

Util North America Shuts Down, Files for Bankruptcy
(DBN)

____________

Pharma:

Funded in part by Purdue Pharma’s bankruptcy, a new, cheaper naloxone is coming to pharmacy shelves
(DBN)

Rudy Giuliani helped Purdue Pharma keep selling OxyContin. Here's the real story behind what's depicted in 'Painkiller.'
(DBN)

____________

Autos:

Many States Discouraging Electric Vehicles
(DBN)

____________

Sports:

Diamond Sports suing parent company Sinclair in regional sports battle
(DBN)

____________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Reinstatement:

Bankruptcy Court Rules Payment of Default Interest is Required to Reinstate Defaulted Loan
(DBN)

____________

Mass Torts:

America’s courts weigh in on how firms resolve liability claims
(DBN)

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Doing Business:

Debtors In Possession May Be Sued “Without Leave Of The Court”?! (28 U.S.C. § 959(a), East Coast, & In re Crown)
(DBN)

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Cross-Border:

China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court China Evergrande Group Files Chapter 15 Bankruptcy in New York Chinese property giant Evergrande files for bankruptcy in US amid debt overhaul China Evergrande files Chapter 15 bankruptcy in New York China Evergrande Says Bankruptcy Protection Filing Does Not Involve Petition Evergrande files for Chapter 15 bankruptcy Evergrande seeks US court nod for $32 billion debt overhaul as China economic fears mount Struggling Chinese Real Estate Firm Evergrande Files For Bankruptcy — As Crisis For Sector Grows Evergrande, the world’s most indebted developer, has finally filed for bankruptcy. Here’s why it’s an important step for its recovery.
(DBN)

____________

Aviation:

Southwest Airlines engine catches fire, prompting Cancun-bound flight's return to Houston
(DBN)

A United Airlines pilot has been charged after a video showed him taking an ax to a parking gate barrier at the Denver airport
(DBN)

An American Airlines passenger brought his 140-pound Great Dane on a flight, booking 2 extra seats to hold her
(DBN)

____________

Crypto:

Genesis, FTX Strike Deal for $175M Bankruptcy Claim
(DBN)

Fed Brings Enforcement Action Against FTX-Linked Bank Farmington
(DBN)

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval
(DBN)

BlockFi resumes withdrawals for eligible U.S. users amid bankruptcy proceedings
(DBN)

Coinbase Finally Wins Approval to List Crypto Futures in U.S.
(DBN)

Bitcoin abruptly tumbles as much as 9% to just over $26,000 late Thursday
(DBN)

Hacker Swept Up in Wave of Crypto Liquidations Loses $63 Million
(DBN)

____________

Gig Economy:

Gig workers are tracking customers who reduce tips after delivery by marking their homes on Google Maps
(DBN)

The strange, sad side effect of side hustles
(DBN)Hurricane Hilary intensifying, to deluge California, Nevada and Arizona
(DBN)

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Healthcare:

Babylon Files For Bankruptcy
(DBN)

Americans' biggest fears: Opioids surge past guns in Axios-Ipsos poll Opioids, obesity now ranked as top public health threats in new poll
(DBN)

Are Guns America’s Biggest Public Health Crisis?
(DBN)

In Florida, long delays and dropped calls keep many Hispanic families out of Medicaid, report says
(DBN)

All signs point to a late summer COVID wave Biden's fall Covid vaccine rollout for the uninsured won't include pharmacies at first
(DBN)

More Americans say moderate drinking is unhealthy: Gallup
(DBN)

____________

Climate:

By the time the smoke and flames arrived in Lahaina, it was already too late to escape Death toll from Maui’s wildfires rises to 111 — with possibly 1,000 still missing — as tensions escalate over the cause and response Hawai'i braces for crushing wildfire death toll with estimated 1,300 missing How Hawai'i’s tourism industry pivoted to helping locals affected by fires Disasters increasing in Hawaii: analysis Left unchecked, Maui’s nonnative grasses turned into wildfire fuel Fire Exposes Flaws in Hawaii’s Defenses Against Climate Shocks Dispute Over Sirens Adds to Scrutiny of Hawaii Response After ‘no comment,’ Biden’s response to Maui will be key Maui emergency chief resigns after not activating sirens during wildfire
(DBN)

Electricity companies face calamity as climate warms
(DBN)

An entire capital city in Canada has been ordered to evacuate as hundreds of wildfires scorch the region, officials say
(DBN)

Canadian Wildfire Smoke Moves South Again, Posing Risk to New York State Thousands flee as ‘unprecedented’ fires hit Canada’s Northwest Territories Canada wildfires: what are the causes and when will it end? Canada wildfire: Evacuees flee Yellowknife as fire nears northern city
(DBN)

How climate change drives heatwaves and wildfires in Europe
(DBN)

As gas prices hit 10-month highs, Citi warns major hurricanes could ‘massively’ disrupt supplies
(DBN)

Biden's climate law boosted investment in U.S. manufacturing in first year
(DBN)

Biden’s historic climate law has a problem
(DBN)

Climate mitigation alone doesn’t address extreme events: Just ask Vermont
(DBN)

US Hit by Record Billion-Dollar Disasters Even Before Maui Fire
(DBN)

Energy Crisis, War Inflation Drive Down Austria’s CO2 Pollution
(DBN)

America’s richest 10% are responsible for 40% of its planet-heating pollution, new report finds
(DBN)

Big California Pension Fund Hands Over Trove of Climate-Related Documents Demanded by House GOP
(DBN)

UK Military Must Adapt Urgently as Land Bakes and Oceans Heat Up, Study Says
(DBN)

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UK:

Chaos as SRA suspends new boss of Ince and Plexus
(DBN)

Bungalow Giant Facing £1.5 Billion Debts Lines Up Administrators
(DBN)

‘Genuine grounds for hope’ for Wilko as bidders circle, says union
(DBN)

UK Births Hit 20-Year Low as Migrant Parents Take Record Share
(DBN)

____________

EU:

Bankruptcies in the EU highest since 2015, Eurostat says
(DBN)

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Russia:

Russia general who reportedly served as the top commander for Ukraine last year has died
(DBN)

Ukraine Downs Two Russian Ka-52s as Putin's Aerial Woes Worsen
(DBN)

Ukraine’s counteroffensive inches forward, with the help of cluster bombs
(DBN)

Biden doesn’t have much time to future-proof NATO against Trump
(DBN)

Russia fines Google for failing to delete ‘false content’ about Ukraine war
(DBN)

The GOP’s Man in Kyiv Has a Message for Ukraine Skeptics
(DBN)

Brazil Binges on Russian Fuel Like Never Before
(DBN)

The White House told Russians to flee here instead of fighting Ukraine. Then the U.S. tried to deport them
(DBN)

NATO leader, clarifying stance, says only Ukraine can set terms of peace negotiations.
(DBN)

Russia is charging families of dead soldiers $1,500 to get their bodies back, human-rights group claims
(DBN)

The Kremlin's top brass are trying to pass the buck over the ruble's collapse. This rare public infighting shows just how precarious Russia's wartime economy is.
(DBN)

____________

MENA:

An act of Congress could grant legal status to thousands of Afghan allies. What’s the holdup?
(DBN)

____________

Venezuela:

Venezuela Creditors Back Legal Extension for Defaulted Bonds
(DBN)


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China:

China’s central bank steps up intervention after yuan hits 16-year low against greenback
(DBN)

Country Garden: How bad is China's property crisis?
(DBN)

China’s property market is too big to fail, but will Beijing save it?
(DBN)

China’s property troubles aren’t getting better, intensifying calls for bolder policy help
(DBN)

China Evergrande Collapse Shows Need For $1 Trillion Beijing Rescue Plan, Says Clocktower Strategist
(DBN)

Ticking time bomb: China is facing an economic crisis
(DBN)

China's economic model is 'washed up on the beach' and it's not going to bounce back, veteran investor says
(DBN)

China fuels US bond rout by slashing holdings to 14-year low as Washington-Beijing tensions drag on
(DBN)

China cenbank says it will keep policy 'precise, forceful' to aid recovery
(DBN)

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