August 24, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Midlevel Biglaw Associates Can't Believe How Bad The Technology Is At Their Firms
(DBN)

High Salaries, Low Billables? Some Midlevel Biglaw Associates Have Got It Made
(DBN)

Nation's Newest Law School Opens With Just 20 Students
(DBN)

Law schools revamp admission essays after Supreme Court affirmative action ruling
(DBN)

What state has the best work-life balance? New report explores
(DBN)

More Law Firms Should Have Mentorship Programs
(DBN)

California Screwed Up The July Bar Exam
(DBN)


Chicago law firm faces biometric privacy suit for allegedly storing legal secretary’s fingerprints
(DBN)

Oregon city asks Supreme Court to decide if ticketing homeless people is constitutional
(DBN)

Top state court will hear condo board dispute over emotional support dog
(DBN)

Donald Trump to surrender in Atlanta today in fourth criminal case brought against ex-president this year Surrenders and threats of arrest ahead of Trump’s booking in Georgia Giuliani turns self in Giuliani Finally Finds a Lawyer in Georgia as He Surrenders to Jail Giuliani doubles down on his actions after 2020 election while surrendering in Georgia Giuliani bond set at $150K in Georgia election case Here's Rudy Giuliani's mugshot, which he said authorities were 'going to degrade themselves' by making him take Arraignment expected to be televised, judge says Trump’s bond prohibits intimidating witnesses - will he abide by it? Willis opposing attempts by Meadows, Clark to block Georgia arrests Trump campaign attorney Sidney Powell surrenders in Georgia election case Former Georgia DA on Trump election charges: ‘I wouldn’t want to be one of the defendants’ Defendant in Trump Georgia case was earlier charged with attacking FBI agent Trump's Georgia case lawyer is Atlanta hip-hop's legal eagle House Judiciary Committee expected to launch inquiry into Fulton County District Attorney Fani Willis
(DBN)

Trump infighting risks rise as allies face legal bills, cash crunch
(DBN)

Meadows was ‘ringleader’ in effort to overturn 2020 election, Pence adviser says
(DBN)

MAGA Lawyer Stan Woodward Could Have Gone Quietly. But Special Counsel Jack Smith Can Do Loud, Too.
(DBN)

Christie says he would’ve charged Trump on documents case, Jan. 6
(DBN)

Another Jan. 6 Rioter Arrested
(DBN)

DeSantis ‘Anti-Woke’ Diversity Training Law Faces 11th Cir. Test
(DBN)

D.C. Attorney General is probing Leonard Leo’s network
(DBN)

The Rise of Ma and Pa Paxton
(DBN)

Hunter Biden traveled to at least 13 countries with VP dad: 'I can catch a ride with him' Not Illegal, but Clearly Wrong
(DBN)

Final moments before Pride flag killing emerge, along with disturbing portrait of gunman
(DBN)

As Ralph Yarl begins his senior year of high school, the man who shot him faces a court hearing
(DBN)

Male nurse told to 'man up' by female boss wins sex discrimination case
(DBN)

Tornado Cash developers charged, one arrested
(DBN)

Dentist Gets Life for Killing Wife for Insurance
(DBN)

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Judges:

South Carolina's new all-male highest court reverses course on abortion, upholding strict 6-week ban
(DBN)

Zombie Precedents: Trump Judges Have a New Strategy for Gutting Minority Rights
(DBN)

SCOTUS Ethics Lapses Deserve Scrutiny
(DBN)

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Wall Street:

S&P 500 futures climb as Nvidia beats Wall Street earnings estimates
(DBN)

Stocks are pricing in an AI revolution, putting investors at risk of disappointment, Bill Gross says
(DBN)

Stock investors are 'delusional' to think the Fed can pull off its 'mission impossible,' says PNC's chief investor
(DBN)

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Layoffs:

Big layoffs in higher-paying jobs may be in the rearview mirror
(DBN)

Juul to lay off 30% of staff to cut costs
(DBN)

GM to Fire 940, Close IT Operations in Arizona
(DBN)

CVS plans 500 layoffs
(DBN)

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Personal Finance:

Sorry, you're going to pay even more for streaming TV soon. Here are the services most likely to raise prices again.
(DBN)

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Crypto:

FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day
(DBN)

FTX Taps Galaxy to Sell, Stake and Hedge Its Crypto Billions
(DBN)

FTX wants court to allow up to $200M weekly crypto sale, restart ‘hedging’ BTC
(DBN)

FTX defends pace of bankruptcy amid creditor unrest
(DBN)

Will SBF’s ‘Blame-the-Lawyers’ Strategy Work?
(DBN)

Israeli Police Accuse Investor Hogeg of $290 Million Crypto Scam
(DBN)

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Tech:

Big tech to face full force of new EU law
(DBN)

Fake Books on Amazon Drive Authors to Shield Their Names From AI
(DBN)

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Fitness:

Peloton Gives Downbeat Forecast as Comeback Remains Elusive
(DBN)

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Leveraged Loans:

KKR’s Latest Bankruptcy Deal Is a Terrible Omen for Lenders
(DBN)

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Food/Beverage:

Beloved restaurant chain and Applebee’s rival abruptly closes all locations in shock announcement after ‘bankruptcy’
(DBN)

Fatz company files bankruptcy and closes all locations
(DBN)

Subway reportedly gets a new suitor in Goldman Sachs
(DBN)

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Movie Theaters:

As National CineMedia comes out of bankruptcy, cinema ad firms try to hold their ground
(DBN)

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Bicycles:

Van poof! Dutch e-bike maker VanMoof goes bankrupt, leaving riders stranded
(DBN)

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Infrastructure:

Orbital Infrastructure Group Inc. Intends to Enter into Purchase Agreements for the Sale of Front Line Power Construction and Gibson Technical Services and Files for Chapter 11 Protection
(DBN)

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Economy:

Here's what Wall Street expects from Jerome Powell at Jackson Hole
(DBN)

Employment: Preliminary annual benchmark revision shows downward adjustment of 306,000 jobs
(DBN)

Credit card spending growth is slowing — it’s ‘inevitable,’ expert says
(DBN)

Goldman Sachs is pressuring workers to return to the office 5 days a week. Here's how its tough RTO stance compares with Meta, Zoom, and others. Goldman just threw down the gauntlet in the remote work reckoning. Your company could follow its lead Goldman Sachs CEO David Solomon hates remote work. Now managers are cracking the whip on returning to the office.
(DBN)

The CEO of a bank is getting slammed for ordering staff back to the office not for productivity — but for ‘mental health’
(DBN)

The Fed's high-growth conundrum
(DBN)

US trade policy has officially hit rock bottom
(DBN)

America’s Big Three Entitlement Bankruptcies Are Inevitable
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

WeWork taps restructuring advisers in effort to stave off bankruptcy
(DBN)

US Mortgage Rates Jump to 7.31%, Highest Level Since Late 2000
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey; Purchase Applications "lowest level since April 1995"
(DBN)

Black Knight: Mortgage Delinquency Rate Increased Slightly in July
(DBN)

New Home Sales increase to 714,000 Annual Rate in July; Median New Home Price is Down 12% from the Peak
(DBN)

Housing is even more unaffordable than it was at the peak prior to the 2008 crisis, as mortgage rates touch 23-year highs
(DBN)

The looming crisis that's going to crush homeowners from coast to coast
(DBN)

Sousa’s West Village townhouse files for bankruptcy
(DBN)

Nashville: Bankruptcy Reveals a Web of Real Estate Debt in Green Hills and 12South
(DBN)

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Oil/Gas:

Shale Wells Declining Faster Than Ever
(DBN)

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Climate:

Neighbors Don’t Want to be ‘Test Dummies’ For Biden’s Carbon Removal Hubs
(DBN)

Climate change doubled chances of conditions that fueled record wildfire season in Canada: research
(DBN)

"Brutal" heat wave brings triple-digit temperatures from Chicago to New Orleans
(DBN)

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Retailing:

Art Van heir: Retailer 'not set up to fail' by family's sale to private equity firm Bankruptcy judge approves $8M settlement in Art Van Furniture case
(DBN)

Foot Locker Plummets After Cutting Forecast on Weakening Demand
(DBN)

After American Commodore closes Valley stores, parent company seeks liquidation from bankruptcy court
(DBN)

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Gig Economy:

"People have the right to order a pizza without then being asked for sex,"
(DBN)

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Education:

Union Institute & University Mired in Financial Woes
(DBN)

More than 100 chaplains urge Texas school boards not to hire chaplains to replace counselors
(DBN)

Georgia school district is banning books, citing sexual content, after firing a teacher
(DBN)

Education "intimidation" bills have skyrocketed since 2021, report says
(DBN)

Florida Approves Tough Discipline for College Staff Who Break Bathroom Law
(DBN)

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Festivals:

Infamous fiasco Fyre Festival relaunches -- and already sold out Fyre Fest 2 tickets go on sale, despite no line-up or venue
(DBN)

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Politics:

With Trump absent, Republican rivals trade attacks at first 2024 debate Nikki Haley Comes Out Swinging at Debate, Slams Trump and Other Republicans For Spending $8 Trillion Everybody Hates Vivek, But the People In Trump's absence, Ramaswamy drives the GOP debate Ramaswamy emerges as lightning rod at GOP debate Fact check: The first Republican presidential debate of the 2024 election Asa Hutchinson, Chris Christie rule out supporting Trump if he’s Republican nominee DeSantis vows military will take out Mexican cartels Knives out for Vivek as the newcomer steals the show from DeSantis in Trump's absence: 5 takeaways from the first Republican presidential debate Fox News debate moderators didn’t mention Trump for nearly an hour. It wasn’t an accident These Iowa voters thought Republican debate had a clear winner. Hear who Inside the first 2024 GOP presidential debate 5 takeaways from the first Republican primary debate Fact-checks of the first Republican debate on Fox News Trump’s looming surrender will kill the buzz of the first GOP debate
(DBN)

RNC launches ad encouraging absentee, early voting
(DBN)

Over half of Republicans will likely watch debate: poll What small businesses want to hear from the GOP debaters
(DBN)

DeSantis’s Debate Mission: Prove He’s Still the Top Trump Alternative Poll: DeSantis’s support collapses ahead of 1st GOP debate
(DBN)

Trump campaign: Debate just an ‘audition’ for former president’s second term
(DBN)

Trump, Tucker Carlson to release interview as debate begins on Fox News Tucker and Trump reunite to try to upstage Fox
(DBN)

Trump's historic dominance
(DBN)

Ann Coulter: ‘I don’t think Trump will be the nominee’
(DBN)

Trump Kicks Off Debate Day By Ranting About Being ‘PROUDLY ARRESTED’ over ‘RIGGED & STOLLEN’ Election He Lost Fair and Square
(DBN)

Trump gravitates to fringe figures despite efforts to limit their influence
(DBN)

Newcomer Vivek Ramaswamy is taking flak ahead of Republican debate Ramaswamy battles controversy ahead of pivotal GOP debate
(DBN)

GOP's 'anti-woke' campaigns have voters hitting snooze
(DBN)

Republican says threat to McCarthy’s Speakership ‘inevitable’ if he doesn’t meet conservative demands
(DBN)

Project Veritas’ Financial Woes Go Beyond Layoffs
(DBN)

‘Dark Brandon’ ads backing abortion rights swarm FoxNews.com ahead of debate
(DBN)

McCarthy says House could launch Biden impeachment inquiry next month
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US Reports Highest Number Of Corporate Bankruptcies In 2023
(DBN)

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Mass Torts:

Drugmaker Mallinckrodt to File Second Bankruptcy in Three Years Opioid Maker’s Bankruptcy Plan Would Cut Payments to Victims by $1 Billion Mallinckrodt Lenders to Take Control in Bankruptcy That Cuts $1 Billion in Opioid Payments
(DBN)

Louisiana Third Circuit Court of Appeal Upholds State's Grace Period Law for Filing of Child Sex Abuse Lawsuits
(DBN)

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UST:

Director Addresses 2023 Annual Conference of the National Association of Bankruptcy Trustees
(DBN)

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Cross-Border:

So why is Evergrande filing for bankruptcy in New York and how worried should we be?
(DBN)

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D&O:

The SVB Bankruptcy Decision and Its Lessons for D&O Insurance Programs
(DBN)

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Class Actions:

No Nationwide Class Action for Violation of the Bankruptcy Discharge Injunction
(DBN)

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Aviation:

Airline CEO works as a flight attendant and discovers how challenging it is to be 'attentive and charming' to passengers on a night flight
(DBN)

FAA spending millions at airports to address near collisions
(DBN)

The Disaster Some See Coming to America’s Skies
(DBN)

Qantas, Air New Zealand profits soar as post-COVID travel zooms
(DBN)

____________

Climate:

Maui residents who disobeyed barricade survived fires: AP
(DBN)

G20 Countries Quadrupled Fossil Fuel Subsidies
(DBN)

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Fraud:

Justice Dept. brings wave of cases, over $836 million in alleged covid fraud DOJ charges 371 people, launches new COVID fraud strike forces
(DBN)

The Inheritance Case That Could Unravel an Art Dynasty
(DBN)

____________

Tourism:

FL tourism losses mount as conventions stay away; Fear for safety
(DBN)

____________

Autos:

Foxconn Proposed Buying Lordstown Motors Before It Filed Bankruptcy
(DBN)

What the electric car transition really means for autoworkers
(DBN)

EVs are running out of customers — and some dealers don't want them anymore
(DBN)

Tesla Wanted Crash Data Redacted by NHTSA
(DBN)

The False Promises of Tesla's Full Self Driving
(DBN)

____________

Healthcare:

Locked ER doors, lawsuits and an indicted leader: Inside Houston's UMMC hospital and its downfall
(DBN)

The kindergarten vaccine exemption rate keeps ticking up
(DBN)

Report finds 1 in 5 U.S. mothers were mistreated during pregnancy care
(DBN)

UK Covid cases nearly double in a month amid rise of two mutant variants, official figures suggest as BA.2.86 continues to sweep the globe
(DBN)

Lockdowns and the 'rule of six' did slow the spread of Covid - but most international travel restrictions didn't work, according to major review of disruptive pandemic restrictions
(DBN)

Medicare moves to crack down on hospice fraud
(DBN)

____________

Sovereigns:

Argentina's Massa expects IMF board OK for $7.5 billion payout
(DBN)

____________

UK:

Council sparks fury after spending £250,000 to build 40ft high 'planters' to make town centre more attractive - despite battling to avoid bankruptcy
(DBN)

____________

Germany:

German business activity suffers steepest decline since May 2020
(DBN)

‘Diverse’ Germany to Make It Simpler to Legally Change Gender
(DBN)

Germany is struggling to move away from its ‘sick man of Europe’ image
(DBN)

____________

China:

China's property crisis leaves Country Garden with unpaid workers, silent sites
(DBN)

China’s deflation could spill over into a global concern, economists say
(DBN)

In Wuhan, doctors were ordered to be quiet as pandemic began
(DBN)

____________

Russia:

Russia is sinking its own ships in a desperate attempt to protect a vital bridge from sea drones, Ukraine says
(DBN)

Report: Prigozhin Killed in Plane Crash Putin Foe Falls from Sky Officials say jet crash in Russia kills 10. Wagner chief was on passenger list White House says 'no one should be surprised' if Prigozhin actually died in a plane crash in Russia Did Putin kill Prigozhin? It's one of 3 possible explanations Russia watchers came up with for the deadly plane crash
(DBN)

Putin’s voice in BRICS address raises eyebrows
(DBN)

Ukraine blows up five jets ‘deep within Russian territory’
(DBN)

Debate spat reflects divide in GOP over Ukraine aid
(DBN)

____________

MENA:

Christian exodus from Israel?
(DBN)

____________

Australia:

A single insolvency regime with a single insolvency regulator?
(DBN)

____________

India:

Promoters clear dues to avoid insolvency
(DBN)

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