August 22, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firms Have Too Many Lawyers With Attorney Productivity At An Historic Low
(DBN)

Top 20 Biglaw Firm Sacks Staff In Round Of Redundancies Down Under
(DBN)

'Market Pressure' And Office Mandates Aren't Going To Work Long-Term
(DBN)

US Attorneys Lose ‘Deft’ Problem Solver as Wilkinson Exits
(DBN)

Alston & Bird resolves dispute over legal advice during pandemic
(DBN)

Despite Wildfire Tragedy, International Law Firm Decides To Hold Hawaiian-Themed Party
(DBN)

LSAC Could Do Something Really Funny Next Month With LSAT Administration
(DBN)

Singapore Lures US Law Firms With Trouble in China Growing
(DBN)

‘Offensive’ murals can be covered, despite federal law protecting artists, 2nd Circuit says Muralist who depicted enslaved people as 'cartoonish, almost animalistic' loses lawsuit
(DBN)

Should Law Firms Ban Or Embrace Generative AI?
(DBN)

Corporate Legal Departments Start Embracing AI, Cautiously
(DBN)

Law Firms of the Future Will Be Different in Three Critical Ways
(DBN)

Big Law Facilitates Unreasonable Client Demands, Clients Say General counsel respond to BigLaw attorneys’ concern over extreme client demands
(DBN)

Morrison Cohen Co-Managing Partner Shares His Thoughts On How Corporate Lawyers Can Succeed At Midsize Firms
(DBN)

Trump plans to target 'Marxists' and children with harsh new immigration restrictions: report Inside Trump's new plan to limit immigration
(DBN)

New York’s flood of migrants puts new pressure on Adams, Hochul bond
(DBN)

The Trump Indictments Are an Indictment of America
(DBN)

Meadows asks for Georgia charges to be dismissed Mark Meadows says Trump left top secret Iran war plans on couch at Bedminster golf resort Mark Meadows Asks Federal Judge To Sign His 'Get Out Of RICO Free' Card
(DBN)

Trump’s bond in Georgia election case set at $200,000 Conditions of Trump's bail in Georgia are the strictest yet imposed on him 'We’re going to see a test of this': Ex-prosecutor says Trump's bail includes conditions he'll struggle to meet Trump’s new cuffs: Court rules on his social media Trump says he'll surrender at Georgia jail on Thursday
(DBN)

Pence says he has no knowledge of ‘broad-based effort’ by Trump to declassify documents
(DBN)

Jack Smith filing torpedoes Trump's claim he needs until 2026 to prepare for trial
(DBN)

Indicted ex-Trump lawyer John Eastman agrees to $100K bond in Fulton County case
(DBN)

Federal judge pauses Georgia law banning hormone therapy for transgender minors
(DBN)

Starbucks told to pay $2.7 million in lost wages to manager fired after arrest of 2 Black men
(DBN)

Epstein Victim: My JPMorgan Boyfriend Warned Me Not to Tell Police About Jeffrey’s Abuse
(DBN)

House GOP subpoenas IRS and FBI investigators involved in Hunter Biden probe
(DBN)

Actually, Hunter Biden Is Getting It Worse
(DBN)

Firearms killed a record number of children in 2021, study finds
(DBN)

Suspect who fatally shot California shop owner over Pride flag had history of homophobic social posts
(DBN)

Fast Living and Foreign Dealings: An F.B.I. Spy Hunter’s Rise and Fall
(DBN)

Montana judge temporarily lifts ban on drag performances ahead of major Pride event
(DBN)

Court: Alabama Can Ban Puberty Blockers
(DBN)

New York Gov. Kathy Hochul commits $20 million more in aide to tens of thousands of migrants
(DBN)

Texas has quietly changed its abortion law
(DBN)

National sheriff's group urges members to ignore federal laws they consider 'tyranny': report A Right-Wing Sheriffs Group That Challenges Federal Law Is Gaining Acceptance Around the Country
(DBN)

'He gave me his name': News crew spots escaped inmate right after police left the area
(DBN)

Jury convicts man who decapitated national champion bridge player with samurai sword
(DBN)

TX: Seizing Man's Home for Stadium Parking Lot
(DBN)

Dallas, Boston Ranked Safest US Cities
(DBN)

______________

Judges:

BK SC: Law Clerk Vacancy Reminder
(DBN)

Judge Kaplan on NJ Bankruptcy Court Getting Its Due: Q&A
(DBN)

Why SCOTUS is So Hated Today
(DBN)

Judge Aileen Cannon could use new Trump complaint to hamstring Jack Smith: legal expert
(DBN)

Former Texas judge questions murder suspect over satanism, receives public reprimand
(DBN)

Judge who pointed AR-15 at officer avoids ethics case with resignation
(DBN)

Not Every Good Jurist Is A Good Manager
(DBN)

Sheriff resigns after pleading guilty to sexual battery of TV judge
(DBN)

______________

Wall Street:

Stock futures are slightly higher after Nasdaq’s best day in August
(DBN)

Corporate America’s Chief Critic, Carl Icahn, Gets His Comeuppance
(DBN)

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Layoffs:

Charles Schwab puts a price tag on shedding real estate, cutting jobs and trimming other expenses
(DBN)

Dick’s Sporting Goods announces hundreds of layoffs ahead of earnings
(DBN)

RE/MAX lays off 7% of staff in reorg
(DBN)

______________

Tech:

Elon blocking users who complain about X
(DBN)

‘Tesla Syndrome’ Explains Why Tech Is Making Us Miserable
(DBN)

Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap.
(DBN)

Newsrooms grapple with rules for AI
(DBN)

____________

Labor:

Chances of costly autoworker strike extra high amid Biden's EV push
(DBN)

Stellantis has threatened to move Ram 1500 production to Mexico, union leader says
(DBN)

Ivy League expert: ‘Contagion’ of summer strikes have ‘potential to last’
(DBN)

American Airlines pilots approve sweetened labor deal with big raises
(DBN)

Burger King gave candy to a worker who never called in sick in 20 years. The internet gave $400k
(DBN)

____________

Education:

Students’ test scores, already beleaguered, face new threats from extreme heat
(DBN)

School takeovers by states may become more common
(DBN)

In Alabama, White Tide Rushes On
(DBN)

____________

Economy:

America's manufacturing boom could add 250,000 jobs in two years — report
(DBN)

America’s consumer-debt stress is mounting – mortgage rates top 7%, credit-card liabilities hit $1 trillion, and now auto-loan defaults are on the rise
(DBN)

American workers are demanding almost $80,000 a year to take a new job
(DBN)

House Freedom Caucus fires warning shot over government shutdown Freedom Caucus demands policy conditions on stopgap government funding bill Goldman Sachs predicts government shutdown ‘more likely than not’ this year Goldman: Gov't Shutdown is Manageable
(DBN)

Wall Street is declaring victory too early — the US is still headed for a recession
(DBN)

DOT: Vehicle Miles Driven Increased 2.8% year-over-year in June
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing August 21st Weekly Update: Inventory increased 0.9% Week-over-week; Down 10.0% Year-over-year
(DBN)

Mortgage rates hit their highest point since 2000
(DBN)

A mild recession could actually be good for the housing market
(DBN)

How the affordable housing crunch is hitting college students
(DBN)

City tax rates struggle to keep up with rising home values
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.39% in July"
(DBN)

4th Look at Local Housing Markets in July
(DBN)

American Malls Are Not Dying
(DBN)

____________

Municipalities:

Tri-State Town Considers Bankruptcy
(DBN)

____________

Politics:

Trump voters trust him more than their families, religious leaders: poll
(DBN)

GOP Sen. Cassidy Says Trump Should Drop Out Of 2024 Race, Citing ‘Almost A Slam Dunk’ Case
(DBN)

Candidates face tricky balancing act on Trump at first GOP debate
(DBN)

Fox News restricts Trump team's access to debate "spin room"
(DBN)

Iowa poll: Trump lead grew post-indictment
(DBN)

Trump challengers face huge climb to stop him in first GOP contest, new poll finds
(DBN)

'Cult': Democrat blasts GOP voters after poll shows Trump viewed as 'source of true information'
(DBN)

2 in 3 GOP Iowa caucusgoers say Trump hasn’t committed serious crimes: poll
(DBN)

‘I WILL NOT!’ Trump Boasts On Truth Social He’ll Be Dodging ALL The GOP Primary Debates As Trump plans to skip first debate, his rivals plot to seize spotlight Why Vivek Ramaswamy Could Crush It at the First Republican Debate ‘Fox & Friends’ host suggests Trump skipping debates is ‘helping Joe Biden’
(DBN)

Legendary Iowa Caucus Pollster Puts DeSantis in the Ballgame, Despite Sizable Trump Lead: ‘Closer Than it May First Seem’ Trump holds 23-point lead over DeSantis among Iowa Republican caucusgoers: survey
(DBN)

Trump leads DeSantis by 46 points in new poll
(DBN)

'Blurring the lines': Government contract holders and DeSantis' own staff among his biggest donors
(DBN)

Republican candidate told associates Newsmax tried to make him pay for coverage
(DBN)

'Terrifying': Election officials describe bombardment of threats after 2020 vote
(DBN)

Trouble looms for Senate GOP despite recruiting wins
(DBN)

'For whom is he fighting?': Trump flattened by the Wall Street Journal for his treatment of GOP voters
(DBN)

‘RuPublicans’ top fundraising goal for billboard to hit back at Abbott’s Texas drag ban
(DBN)

Hogan says No Labels likely to launch third-party ‘alternative’ if Trump, Biden win nominations
(DBN)

Are The Trump Indictments Political? Test Yourself With A Thought Experiment.
(DBN)

House Republicans subpoena DHS Secretary Mayorkas
(DBN)

____________

Pharma:

Ozempic: US Price $1,000. Sweden's Price $96
(DBN)

Teva to pay $225 million in fines, divest generic drug to resolve DOJ charges
(DBN)

____________

Insurance:

Vesttoo claims “ownership” of White Rock cells, says part of bankruptcy estate
(DBN)

____________

Sports:

Bally Sports Fight Gets Even Nastier: Sinclair Tells Its Bankrupt Diamond Subsidiary, Either Pay Us $140 Million For Our Management Services Or Don't Use Them Anymore
(DBN)

____________

Utilities:

Hawaiian Electric Faces Claims for Fire Damage. Remember PG&E's Bankruptcy
(DBN)

Fitch downgrades Hawaiian Electric to junk on worries over wildfire exposure
(DBN)

____________

Bicycles:

Is VanMoof really bankrupt in the United States? No, we explain why
(DBN)

____________

Crypto:

Jailed FTX founder Bankman-Fried to return to court for new plea
(DBN)

Even with Sam Bankman-Fried now in jail, a conviction is far from certain
(DBN)

FTX Debtors Pivot: Revised Settlement Proposal Emerges Amid US Trustee Objection
(DBN)

FTX bankruptcy hearing set for Thursday outlines key agenda
(DBN)

Bitcoin Crashes Below 8-Month Support Line, More Pain Incoming?
(DBN)

____________

Religion:

These Christians Think God Wants Them Rich
(DBN)

____________

Social Media:

A Vital Decision on Social Media Ownership
(DBN)

____________

New Bankruptcy Opinions
(4 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:

Low Q2 bankruptcy filings but Pittsburgh businesses brace for intensified pressure
(DBN)

______________

Mass Torts:

Archdiocese of San Francisco Becomes the Latest to File for Bankruptcy San Francisco Archdiocese Files for Bankruptcy to Aid Sex Abuse Settlement Archdiocese of San Francisco files for Chapter 11 bankruptcy over child abuse lawsuits Roman Catholic Archbishop of SF files for bankruptcy to cover settlements with abuse survivors Archdiocese of SF files for Chapter 11 bankruptcy following hundreds of sexual abuse lawsuits
(DBN)

The Supreme Court should bless the Purdue Pharma settlement
(DBN)

The Court’s Pause: A Necessary Change for Victims
(DBN)

En Route to the Supreme Court? Legal Issues to Watch
(DBN)

Catholic sex abuse victims seek approval of settlement paying $50K per class member
(DBN)

____________

Healthcare:

Babylon Health files for bankruptcy
(DBN)

People forgot how to act in public
(DBN)

Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
(DBN)

COVID boosters still weeks away as cases surge
(DBN)

____________

Advisors:

McKinsey Must Face Bankruptcy Racketeering Lawsuit McKinsey to face racketeering lawsuit, after case revived in appeal
(DBN)

____________

Aviation:

Over 6,000 flights were canceled or delayed across the US because of Hurricane Hilary — 300 of those were canceled at Las Vegas’ main airport alone
(DBN)

____________

Telecoms:

A court might kill the Universal Service Fund. Even some Republicans fear the outcome.
(DBN)

____________

Student Debt:

When student loan payments restart, many borrowers may have different servicer
(DBN)

____________

Cannabis:

NYC sheriff targets pot brownies in cannabis crackdown
(DBN)

____________

Pensions:

The Risks Hidden in Public Pension Funds
(DBN)

PBGC OKs aid to multiemployer plan facing insolvency
(DBN)

____________

Climate:

Insured Losses From Natural Catastrophes Set to Top $100 Billion
(DBN)

850 people missing after Maui wildfires, mayor says Biden Tours Maui Disaster Area Biden vows to help Hawai'i rebuild from fires for "as long as it takes"
(DBN)

Hilary leaves massive flooding, mudslides, upheaval across Southern California Storm Hilary: Over half a year’s rain in one day knocks out 911 lines in California Palm Springs is totally cut off and 911 is down as Storm Hilary soaks from coast to desert Post-Tropical Storm Hilary pushes into Nevada after drenching Southern California Forecasters say ‘virtually all’ daily rainfall records broken in Los Angeles
(DBN)

Major shipping routes are struggling with water shortages. El Niño could make it worse.
(DBN)

Jeff Bezos’ Blue Origin rocket tests in Texas are emitting so much methane you can see it from space
(DBN)

'Zero-degree line' rises to record height as heatwave continues in Europe
(DBN)

____________

UK:

Councils 'running out of money' as £5 billion black hole threatens basic services
(DBN)

British nurse imprisoned for life for the murders of 7 babies and attempted murders of 6
(DBN)

____________

Russia:

Ukraine gets its fighter jets, but will F-16s come too late for the counteroffensive?
(DBN)

Domino’s closing all outlets in Russia
(DBN)

US citizens urged to leave Belarus immediately
(DBN)

Top US Air Force general was surprised that Russia 'gave up' trying to destroy Ukraine's Russian-designed air defenses so quickly
(DBN)

How Russia is using US tech to build cruise missiles to devastate Ukraine, despite sanctions meant to stop it
(DBN)

____________

China:

As China Falls Into Deflation, the Mood Turns Dark
(DBN)

The debt supercycle that hit the U.S. and Europe has now come for China
(DBN)

China Urges More Loans, Debt Risk Reduction as Woes Compound
(DBN)

____________

Australia:

Australian Key Insolvency Trends revealed by ASIC statistics
(DBN)

____________

Germany:

Germany's crisis legislation nears its expiry date
(DBN)

____________

Netherlands:

Restructuring of Royal IHC: New developments under the Dutch WHOA
(DBN)

____________

India:

Expert panel suggests changes in insolvency law among others to revive stalled realty projects
(DBN)

Over 65% of IBC cases have been ongoing for more than 270n days
(DBN)

____________

France:

French restaurants are reportedly requiring more than $5,000 minimum spend per table and refusing reservations for returning diners who didn't spend enough at their last visit
(DBN)

____________

Finland:

Finnish Bankruptcies Hit 26-Year High With Builders the Most Hurt Number of bankruptcies surged in Finland in July
(DBN)

____________

Malaysia:

Malaysia may sue Goldman Sachs over 1MDB scandal - PM Anwar
(DBN)

____________

Sweden:

Debt-Addicted Landlord Struggles to Keep a Roof Over its Head - WSJ
(DBN)

____________


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