August 25, 2023

The Daily Bankruptcy News

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Law:

Kirkland & Ellis must face ex-associate’s sex bias claims, federal court says
(DBN)

Biglaw Firm Continues To Bleed Lawyers, Business Leaders In Search For Merger Partner
(DBN)

LexisNexis and Thomson Reuters publish reports on lawyers’ attitudes toward AI
(DBN)

And The Award For Most Passive Aggressive Biglaw Firm Goes To....
(DBN)

Black Hair, Big Law (Part II): The Harshest Critics Of Black Attorneys’ Hair
(DBN)

Ex-Attorney At Top 10 Biglaw Firm Charged With Insider Trading
(DBN)

Maverick firm launches new partner…in a stunt plane
(DBN)

Kentucky litigator has hot TikTok takes on Bama Rush
(DBN)

New law school launches with small class but big expectations
(DBN)

Alex Murdaugh friend pleads guilty to helping steal from dead maid's family
(DBN)

Girardi Competency Expert Billed US to Watch TV About Him
(DBN)

Bank's head of legal delights with weird book of financial fairy tales
(DBN)

When You're A Lawyer, There's Always Time For A Second Act
(DBN)

This Law School Has The Most Women Enrolled In Its History
(DBN)

Trump Ditches Top Georgia Lawyer Before Surrendering for Arrest Mug shot of Donald Trump shows scowling former president during speedy booking at Atlanta jail One image, one face, one American moment: The Donald Trump mug shot How Trump’s monetizing his mugshot See everyone booked in the Georgia case: Meadows, Giuliani, Powell, Ellis, Chesebro and others Fulton County prosecutors ask judge to set Oct. 23 trial on Trump racketeering charges Trump Georgia Trial Should Be Expedited to Oct. 23, DA Says Lawyer Mugshots: Georgia Election Fraud Edition Jim Jordan launches probe into Georgia Trump prosecution George Conway: Likely some Trump co-defendants will agree to plea deals in Georgia Cameras and codefendants: Why Trump's Georgia arraignment will be most dramatic Fulton County D.A. subpoenas Raffensperger, ex-investigator for testimony in Meadows' bid to move case ‘Criminal motivations’: Georgia prosecutors detail racketeering case against Meadows Federal judge rejects bids to halt Georgia prosecution of Trump aides over 2020 election Legal experts: Jan. 6 architect made a “risky gamble” — but Fani Willis just “called his bluff” Mark Meadows Surrenders to Jail After His Last-Minute Plea Fails Why Are Trump’s Accused Co-Conspirators Smiling for Their Mug Shots?Who is Fani Willis, the Atlanta prosecutor leading the election subversion case? Fulton DA Slaps Back At Clark And Meadows Claims That Overturning Elections Was Their 'Job' Donald Trump seemingly transferred Mar A Lago estate to his son before his arrest
(DBN)

Jan. 6 Rally Organizer Created Her Own Mugshot Because She Felt Left Out
(DBN)

'Fake elector' co-defendant throws former president under the bus: report
(DBN)

Internal emails show Secret Service agent was in contact with Oath Keepers leader Stewart Rhodes
(DBN)

“The Karen of criminal defendants”: Experts trash indicted Trump co-defendant’s “entitled” demand Former Trump DOJ official Jeffrey Clark surrenders to authorities in Georgia election probe
(DBN)

'Like a mob movie': How a Mar-a-Lago employee revealed Trump's obstruction plot
(DBN)

Judge Blocks Tennessee House’s Sign Rule After Grieving Moms Removed by Troopers
(DBN)

75 Pittsburgh officers on leave after hourslong shootout and standoff during eviction attempt
(DBN)

Minnesota city where entire police force quit narrowly avoids having no law enforcement
(DBN)

Biden policy that has allowed 200,000 migrants to enter the U.S. in 10 months faces key legal test Biden Administration Defends Migrant Parole Program in Court
(DBN)

DeSantis-backed board will pay $6.5 million in legal fees as it battles Disney
(DBN)

Trial postponed for suspect in Idaho slayings after he waived right to a speedy trial
(DBN)

Judge dismisses lawsuit against Alec Baldwin by family of slain Marine
(DBN)

Ransomware gang claims it stole Social Security numbers, passport data in recent hospital attack
(DBN)

Man Who Shot Store Owner for Flying Pride Flag Was a Far-Right Conspiracist
(DBN)

New York City police sergeant throws cooler, striking fleeing motorcyclist who crashed and died
(DBN)

Police officer who shot driver sitting in car is being suspended, will be fired, commissioner says
(DBN)

Dallas man shoots through door at suspects posing as maintenance workers
(DBN)

Chicago Blames Car Makers as Thieves Livestream Thefts on TikTok
(DBN)

Man allegedly threw his baby in air and drop to the pavement to 'toughen' him up
(DBN)

Bodycam shows arrest of ex-wife of slain Microsoft executive in 'execution-style' murder
(DBN)

Man, live-in girlfriend livestreamed for hours before and after allegedly killing teen
(DBN)

An abducted woman was rescued after slipping a note to a customer at a gas station, police say
(DBN)

Burglary suspect chugs gasoline in homeowner's car when confronted by cops
(DBN)

Woman who helped kidnap ailing couple and bury them alive gets life in prison on 2nd try
(DBN)

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Judges:

Brett Kavanaugh Is Exactly Like January 6th Defendant, Says January 6th Defendant Representing Himself
(DBN)

Corporate America risks losing the Supreme Court
(DBN)

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Wall Street:

 

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Layoffs:

T-Mobile US to cut 5,000 jobs as cheaper plans weigh on costs
(DBN)

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Utilities:

Maui Fire Probe Is Focusing On Power Equipment Near Substation
(DBN)

Hawaiian Electric Suspends Dividend, Draws Down Credit Lines
(DBN)

Maui County Sues Hawaiian Electric for Damages From Wildfires
(DBN)

Maui utility may have compromised evidence in fire probe, lawyers say
(DBN)

Scorching Heat Has US Power Grids Warning of Potential Blackouts
(DBN)

Puerto Rico Utility Bondholders Split on Way to Bankruptcy Exit - WSJ
(DBN)

Utilities Are Becoming a Risky Business Thanks to Climate Change
(DBN)

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Climate:

Fateful decision in Maui: Firefighters left the scene, blaze began its deadly march unchallenged Their houses were spared, but life in the smoky ruins of Lahaina is anything but easy Lack of DNA samples hinders effort to identify Maui wildfire victims as over 1,000 remain missing Hawaii's economic toll from wildfires is up to $6 billion, Moody's estimates Maui fires renew centuries-old tensions over water rights. The streams are sacred to Hawaiians Maui Fires: 400 Still Missing FEMA workers at luxury hotels stir anger Maui dodged wildfire catastrophe years ago but failed to prevent future disaster, residents say Maui residents say a development company took advantage of wildfires in water dispute Why Hawaiian sovereignty has undeniable context for the Maui fires
(DBN)

DHS, FEMA organizing extreme heat summit
(DBN)

"Brutal" heat wave brings triple-digit temperatures from Chicago to New Orleans Chicago roasting in record-setting heat that feels like 120 degrees
(DBN)

US Central states, Texas in danger of power shortages in heat wave
(DBN)

Houston issues mandatory water restrictions due to intense heat, worsening drought
(DBN)

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Economy:

Jobless claims ease as Fed weighs more rate hikes
(DBN)

US Revises Job Numbers Down by 306,000
(DBN)

Weekly Initial Unemployment Claims Decrease to 230,000
(DBN)

American wealth disparity by the numbers
(DBN)

A Bank Failure That Few Are Talking About
(DBN)

The 2023 stock market rally is over as the Fed isn't easing anytime soon and a hard landing of the economy is inevitable, JPMorgan's chief stock strategist says
(DBN)

'Treacherous' descent: Fed debates how far to push rate hikes
(DBN)

The recession should probably be here by now
(DBN)

As Biden touts infrastructure investment, Nevada voters grapple with price tags
(DBN)

‘Let them work': Hochul pressures Biden over New York’s migrant surge
(DBN)

Affirmative Action Foe Says He's Planning More Lawsuits Against Corporate Diversity
(DBN)

Half Of First-Time Marriages Still End In Divorce
(DBN)

LA Port Inbound Traffic Down Sharply YoY in July
(DBN)

Here's what Trump's economic agenda will look like if he's back in the White House
(DBN)

Nikki Haley Floats Raising Retirement Age to Curb Rising US Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Wall Street Funds Discuss Potential Bankruptcy Plan for WeWork - WSJ WeWork taps Kirkland & Ellis to stave off bankruptcy
(DBN)

What will happen to housing market if economy hits recession or sticks ‘soft landing’? Here’s what Fannie Mae predicts The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says
(DBN)

A tale of two housing markets
(DBN)

The 10 hottest ZIP codes in America right now
(DBN)

Realtor.com Reports Weekly Active Inventory Down 7% YoY; New Listings Down 6% YoY
(DBN)

Final Look at Local Housing Markets in July
(DBN)

Woman Murders Landlord and Takes His Place, Rents to Tenant, Police Allege In Horrifying Case
(DBN)

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Municipalities:

Gov. Beshear calls threat of Sturgis bankruptcy ‘concerning’
(DBN)

Puerto Rico Oversight Board costs exceed projections by four times
(DBN)

Tensions high in San Francisco as city seeks reversal of ban on clearing homeless encampments
(DBN)

How a state effort to fund Texas schools equitably is shortchanging dozens of rural districts, possibly leading to bankruptcies
(DBN)


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Oil/Gas:

The case against imminent peak oil demand
(DBN)

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Retailing:

Here’s how Art Van heirs, trustee settled bankruptcy lawsuit
(DBN)

Nordstrom Rack and Macy's stores are ransacked by groups of thieves who made off with thousands of dollars worth of designer purses in California
(DBN)

Dollar Tree says theft is such a problem it will start locking up items or stop selling them altogether
(DBN)

Another massive retailer is sounding the alarm about this scary in-store crime
(DBN)

Gap Sales Miss Estimates, Underscoring New CEO’s Challenge
(DBN)

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Student Debt:

Dozens of Democrats press Biden on student loan relief
(DBN)

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Education:

'This is a war': How Ryan Walters is pushing Christianity in Oklahoma schools
(DBN)

Top Oklahoma school official warns ‘do not test me’ after forcing out Tulsa superintendent
(DBN)

ADHD drug shortage could make back-to-school season challenging, expert says: ‘Widespread impact’
(DBN)

Florida school officials apologize for assembly singling out Black students about low test scores
(DBN)

Little Rock Nine members denounce Arkansas' decision on AP African American Studies
(DBN)

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Food/Beverage:

Salad Chain Green District Declares Bankruptcy
(DBN)

Subway agrees to be acquired by private equity firm Roark The rise of Subway: the triumphant and turbulent last decades of the world's largest fast-food chain
(DBN)

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Politics:

Don Jr. and MTG Rage After Fox Boxes Them Out From Post-Debate Spin Room
(DBN)

Kari Lake: I Lied, but Who Cares?
(DBN)

Winners and losers of the first GOP debate 5 memorable moments from a testy GOP debate The Trump-less GOP debate was a mess — and Democrats are smiling Ron DeSantis left the debate untouched — because no one bothered to attack him From a G.O.P. Stronghold, Debate Watchers Cheered Signs of a Post-Trump Era 5 of the harshest burns from the GOP debate Vivek Ramaswamy draws the most fire, while Trump stays away — and comes out unscathed How Trump Won the Debate He Shunned The awkward debate moment where GOP candidates reluctantly backed Trump shows why they don't stand a chance to unseat him Body Language Told Me Everything I Needed to Know About the GOP Debate The spiciest moments of the first GOP debate Welcome to the Real Housewives of the GOP, Where the Candidates Fight like Reality Stars Republican candidates wore red ties at the first GOP debate. A stylist called it the ‘Trump look-alike effect.’ A Chaotic Display of Conservatism at the First Republican Debate How GOP candidates treated Biden vs. Trump at the first debate
(DBN)

Abortion splits GOP presidential candidates Biden campaign targets answers at Republican abortion debate in new ad
(DBN)

Trump’s debate counterprogramming got weird
(DBN)

The stage could shrink for the second GOP primary debate
(DBN)

Trump Allies Cheer Vivek Ramaswamy in Bid to Derail Ron DeSantis “It is deeply distressing to see that a child of immigrants, himself a person of color, would be lifting talking points from neo-Nazis”
(DBN)

Trump lashes out at Fox News, Bill Barr, Chris Christie in Tucker Carlson interview: highlights Trump says he never asked Pence to put him above the Constitution
(DBN)

Tucker Carlson asks Trump: Are you worried ‘they’re going to try and kill you?’
(DBN)

Biden Stays Focused on Trump While Other GOP Hopefuls Spar at First Debate
(DBN)

North Carolina governor vetoes election bill, sparking override showdown with GOP supermajority
(DBN)

Carlos Santana makes polarizing anti-trans comments in viral concert clip
(DBN)

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Pharma:

White House to name first 10 drugs for Medicare negotiations early
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

IP:

Uncompleted Building Sold in Bankruptcy Doesn’t Infringe Architect’s Copyright
(DBN)

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Aviation:

Southwest Airlines is now limiting a service that lets passengers buy a better spot in the boarding line
(DBN)

United Airlines settles for $30 million with the family of a quadriplegic man who was left brain damaged after he was 'violently' moved while deplaning, lawsuit says
(DBN)

Boarding pass please? Now stand on this scale. Korean Air will soon weigh passengers.
(DBN)

Qantas should not pay back taxpayers' money, says Anthony Albanese's government after the airline recorded a $2.47 billion profit
(DBN)

Indian airline SpiceJet tells court it is 'struggling to stay afloat'
(DBN)

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Healthcare:

Bankrupt California Hospital Gets $10 Million Lifeline From State
(DBN)

California Offers Lifeline to 17 Hospitals, Including up to $52 Million for Madera Bankrupt Madera hospital secures initial loan from state. ‘A step in the right direction’
(DBN)

Financial Support Coming for Distressed Community Hospitals Across California
(DBN)

Mask mandates reemerge amid upturn in COVID-19 cases
(DBN)

Highly mutated COVID variant found in new countries but pandemic in 'a different phase’
(DBN)

US CDC says new COVID lineage could cause infections in vaccinated individuals
(DBN)

Kentucky school districts cancel classes weeks into year amid Covid, flu and strep outbreaks
(DBN)

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Labor:

Screenwriters Say Studios’ Offer on AI Doesn’t Go Far Enough
(DBN)

Mental health crisis as Hollywood strikes grind on: 'So bad, so depressed, so scared'
(DBN)

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Banking:

As a slow-motion banking crisis unfolds, consumers should beware
(DBN)

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Crypto:

Why Sam Bankman-Fried likely won’t get Adderall while locked up in Brooklyn jail
(DBN)

FTX’s bankruptcy rakes up nearly $50m monthly in legal fees
(DBN)

FTX crypto exchange reports data breach involving claims agent Kroll
(DBN)

‘Hedging Bitcoin and Ether’ — FTX Seeks Court Approval for Strategic Partnership With Galaxy Digital
(DBN)

Prime Trust unveils $8 million loss from TerraUSD collapse in bankruptcy details
(DBN)

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Tech:

Nvidia CEO predicts $1 trillion will be spent over 4 years upgrading data centers for AI. A lot of that bill will probably be paid by Amazon, Google, Microsoft, and Meta.
(DBN)

Trump returns to site formerly known as Twitter, posts his mug shot shortly after Georgia surrender
(DBN)

The problem behind AI’s political ‘bias’
(DBN)

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Ride Hailing:

Robotaxis Are Making Enemies as They Go Around San Francisco
(DBN)

GM is Now Testing Cruise Taxis in Raleigh
(DBN)

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Movie Theaters:

AMC Entertainment Completes 10:1 Reverse Stock Split to Sell New Shares
(DBN)

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Advertising:

Infillion purchases MediaMath following $22 million bid for bankrupt DSP
(DBN)

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Sports:

College Sports: NIL & Bankruptcy?
(DBN)

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Student Debt:

Where student-loan forgiveness now stands for millions of borrowers one year after Biden announced his broad debt relief plan
(DBN)

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Agribusiness:

Is China really buying up U.S. farmland? Here’s what we found
(DBN)

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Television:

Fox TV License Could be in Jeopardy
(DBN)

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Buses:

Republicans take aim at the ‘next Solyndra.’ Will voters care?
(DBN)

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Fitness:

Peloton Loses 20,000 Subscribers Over Recall
(DBN)

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Sovereigns:

Argentina to use IMF money to pay back part of a currency swap with China
(DBN)

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Canada:

'No profit right now': Trucking industry facing leaner times as consumer demand drops
(DBN)

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Russia:

Flight Attendant on Prigozhin’s Jet Reported ‘Strange’ Repairs Before Crash Russia has worked to destroy Wagner Group since rebellion: think tank Zelensky says Ukraine played no role in Wagner plane crash 'Nobody thought this was an accident': Prigozhin crash sends a signal to Russia's elite Kremlin insiders are baffled over why Prigozhin was flying around Russia after his failed uprising: 'He's not a fool' Wagner fighters are furious and vowing vengeance after their leader Prigozhin's presumed death in a plane crash Wagner’s Brand Was Built on Extreme Violence Kremlin denies Putin ordered plane crash to kill Prigozhin
(DBN)

List of Putin's Foes and Mysterious Deaths
(DBN)

Sweden should send Gripen fighter jets to Ukraine, opposition leader says
(DBN)

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Nicaragua:

Nicaragua declares Jesuit religious order illegal, will confiscate its property
(DBN)

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India:

Conundrum on Priority of Government Dues
(DBN)

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