August _, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Which general counsel were paid the most in 2022? General Counsel Can Take Home Millions (But Will Still Endlessly Gripe About Your Bill!)
(DBN)

Billable Hours Strain Lawyer-Client Relationships. There’s a Fix
(DBN)

Attorneys Are Reacting To Email From Biglaw Chair About His Summer Vacation
(DBN)

Lawyers Descend on Maui After Historic Wildfire - WSJ
(DBN)

This Los Angeles Biglaw Firm Gets A Perfect Score From Midlevel Associates
(DBN)

Midlevel Associate's Incredibly Unrealistic Expectations Of Working In Biglaw
(DBN)

Orrick Herrington Hit with Another Lawsuit from Hacker Attack
(DBN)

Law firm Gibson Dunn sues ex-energy client Limetree Bay over unpaid bills
(DBN)

Maine’s top court affirms suspension of lawyer who asked staffer to take his CLE classes Maine Doubles Down On Suspension Of Attorney Who Tried To Bodyswap His CLEs
(DBN)

GOP activist, lawyer stabbed to death in his Durham, NH, home
(DBN)

Louisiana man’s jokes about sheriff’s department are protected free speech, 5th Circuit says
(DBN)

California sues district that requires parents be notified if their kids change pronouns
(DBN)

Trump decries federal ‘fascist thugs’ despite judge’s warnings
(DBN)

March 4 trial date set for federal case Judge sets Trump trial for March 4 in election interference case Federal judge brings hammer down: Trump will have to make trial date 'regardless of his schedule' Judge scolds fuming Trump lawyer after he accuses Jack Smith of violating his oath
(DBN)

Trump arraignment set for Sept. 6 in Georgia election case First Trump co-defendant pleads not guilty in Georgia election case Mark Meadows Testifies in Trump Georgia Case, an Early Test for District Attorney Fani Willis Trump Gambit To Propose 2026 Trial Date For Elections Case Backfires Spectacularly Mark Meadows adds Ken Starr deputy who grilled Bill Clinton to defend him in RICO case Mark Meadows Georgia testimony implicates Trump
(DBN)

Trump's social media attacks against prosecutors could backfire on his attempts to delay his criminal trials
(DBN)

Former Biglaw Partner Ty Cobb Declares Trump's Mugshot Looks Like A 'Batman Villain'
(DBN)

Turley Compares Ex Parte Calls Demanding Officials 'Find 11,780 Votes' To Filing Lawsuits In Court
(DBN)

How Baude And Paulsen Opened Pandora's Box: Is Trump Eligible For The Presidency?
(DBN)

Peter Navarro says Trump asserted privilege over testimony during Jan. 6 committee investigation
(DBN)

Mark Meadows takes the stand at removal hearing -- and it's 'not a good look' for his case: analysis
(DBN)

House Republican aims to defund Trump prosecutions until 2024 election
(DBN)

Meadows court hearing could reveal Easter egg in Georgia indictment
(DBN)

Vivek Ramaswamy claims he is 'too busy' campaigning to give evidence in multi-million dollar court case
(DBN)

Jacksonville shooter legally purchased guns despite prior mental health institutionalization White supremacy is at the heart of the Jacksonville shooting Racist Jacksonville shooter wore Rhodesian army patch, a symbol of white supremacy, law enforcement sources say
(DBN)

Neo-Nazi propaganda emerges again in Georgia
(DBN)

Trial of Highland Park shooter's father for signing gun application can continue, judge rules
(DBN)

California Cops Bragged About ‘Violating Civil Rights’
(DBN)

A 10th bus of asylum seekers arrives in L.A. from Texas
(DBN)

Biden administration knocks New York for issues with migrant influx
(DBN)

U.S. soldier in Texas wounds man in unusual cross-border shooting
(DBN)

Did Banks Hand Private Financial Data to the FBI Without Legal Process?
(DBN)

Kyle Rittenhouse is tired of being sued
(DBN)

High school football coach arrested for allegedly punching player during rivalry game
(DBN)

Killer pressed gun to 4-year-old's chest, claimed it was firearm safety lesson: Prosecutor
(DBN)

Woman who allegedly blamed 'occult' for killing fiancé and mother is incompetent for trial
(DBN)

Upset over 'ding dong ditch' game, man choked, tried to run down teens over prank: Cops
(DBN)

Man convicted of enticing a minor sues condiment company over labeling practices
(DBN)

Judge dismisses lawsuit by sorority sisters who sought to block a trans woman from joining
(DBN)

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Judges:

The edgelord of the federal judiciary
(DBN)

Matt Gaetz pushes censure vote for Judge Chutkan after she sets Trump's trial date for March
(DBN)

Judge faces censure over ‘profane, demeaning’ Facebook posts
(DBN)

Investigations of federal judges are rare and should happen more, former clerk says
(DBN)

Attorney Ruled Not Funny By A Judge And Condemned To Ethics CLE
(DBN)

Trump rages on social media at Judge Chutkan — and demands Jan. 6 committee be criminally charged
(DBN)

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Wall Street:

Stock futures are little changed as Wall Street comes off winning day
(DBN)

Goldman Sachs unloads another business acquired under CEO David Solomon
(DBN)

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Layoffs:

Trialon Corp. announces layoffs of 110
(DBN)

Farmers Insurance lay off will affect 11% of workforce
(DBN)

Couldn’t Have Happened To A Nicer Guy
(DBN)

Virginia Beach-based Stihl starts furloughs on 30% of its workforce, company says
(DBN)

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Politics:

August 2023 National Poll: Trump Debate Snub May Open Door for Other Candidates Trump drops 6 points in post-debate GOP poll
(DBN)

Trump trial set for one day before Super Tuesday
(DBN)

Trump spreads new 'roomer' about Ron DeSantis in typo-plagued Truth Social post
(DBN)

Trump presses Republicans to impeach Biden or ‘fade into oblivion’
(DBN)

Gov. Ron DeSantis, known for pro-gun and 'anti-woke' policies, booed at vigil for Black Jacksonville shooting victims
(DBN)

Haley performance leaves some in GOP seeing path to winning women
(DBN)

Eminem takes legal action against Vivek Ramaswamy over rapping his music at campaign events
(DBN)

GOP Unable to Nominate Anyone Electable
(DBN)

Crowd erupts after GOP silences ‘Tennessee Three’ Democrat on House floor for day on ‘out of order’ rule
(DBN)

Republicans are 'increasingly optimistic' about a lawsuit that could 'blow up campaign finance laws': report
(DBN)

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Insurance:

Kansas’ MutualAid eXchange Declared Insolvent, Placed into Liquidation
(DBN)

Porch’s HOA joins Vesttoo bankruptcy proceedings as creditor
(DBN)

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Autos:

Judge Rejects Foxconn Motion to Dismiss Lordstown Motors Bankruptcy Lordstown Hopeful to Find Buyer for All or Some Parts of Business
(DBN)

Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
(DBN)

Lithium shortage by 2025? Surging demand is expected to outstrip supply growth
(DBN)

Toyota halts operations at all of its Japan factories
(DBN)

Driverless Cars Have More Trouble Detecting Kids, Dark-Skinned Pedestrians
(DBN)


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Credit Repair:

Credit Repair Companies Reach $2.7 Billion Settlement With CFPB
(DBN)

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Art:

Hundreds of works from LA's infamous Ace Gallery to be liquidated via online auction
(DBN)

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Economy:

US Manufacturing Running Out of Workers
(DBN)

'Interest rates are killing our industry': Here's what businesses are saying about the Fed's impact on the economy
(DBN)

A new study makes it official: Women are always the wrong age for employers
(DBN)

Rising Gasoline Prices Hit Inflation-Weary Americans - WSJ
(DBN)

The New York Fed just reported that credit card, auto loan delinquency rates are now higher than before the pandemic — will things get worse before they get better as student loans come due?
(DBN)

Trump Gears Up for an Even Bigger Trade War
(DBN)

Foxconn Starts to Sell Empty Wisconsin Buildings
(DBN)

GOP Clash Coming Over Spending Bill
(DBN)

States Put New Spin on Pay Gap Laws With Promotion Transparency
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The Fed may have destroyed the housing market by crushing both supply and demand, top economist Mohamed El-Erian says
(DBN)

Fannie Mae Single-Family Mortgage Serious Delinquency Rate Lowest since 2002 Mortgage Serious Delinquency Rate vs Unemployment Rate
(DBN)

A key stat suggests the housing market won't see 'cascading' price drops anytime soon
(DBN)

Housing August 28th Weekly Update: Inventory increased 1.3% Week-over-week; Down 9.3% Year-over-year
(DBN)

Japan Regulator to Evaluate Banks’ Commercial Property Exposure
(DBN)

Manhattan, New York, rent prices reached another record, but other regions in US are seeing relief
(DBN)

Rising costs forcing some homeowners to forego flood insurance
(DBN)

Cheapest Cities to Buy a House in 2023
(DBN)

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Municipalities:

Sturgis city officials meet to discuss financial issues and potential bankruptcy Sturgis mayor announces resignation after meeting on city financial issues
(DBN)

Move Over, San Francisco: The Suburbs of Silicon Valley Are Calling
(DBN)

Why embezzlement keeps hurting Missouri, Kansas small towns
(DBN)

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Oil/Gas:

Global Fossil Fuel Subsidies Skyrocket To $7 Trillion
(DBN)

Environmental groups sue to stop Biden administration oil leases in Gulf
(DBN)

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Climate:

Exxon says world set to fail 2°C global warming cap by 2050
(DBN)

This Brutal Summer in 10 Alarming Maps and Graphs
(DBN)

Florida faces "major hurricane" as Tropical Storm Idalia intensifies Idalia emerges as threat to Florida with potential as category 3 hurricane Florida preps for Cat 4 hurricane as DeSantis tells 1.5m 'get out now' ‘Widespread fuel contamination’ reported at some Florida gas stations as Idalia looms Biden, DeSantis speak in rare phone call as Idalia threatens Florida Tropical Storm Idalia prompts evacuations along Florida’s Gulf Coast ahead of expected Category 3 landfall Hurricane warning in effect as AccuWeather warns Idalia will undergo explosive strengthening ahead of Florida landfall
(DBN)

‘Like being inside an oven’: Extreme weather batters imprisoned people
(DBN)

Scientific journal retracts article that claimed no evidence of climate crisis
(DBN)

How 19th-century pineapple plantations turned Maui into a tinderbox
(DBN)

What Your Insurer Is Trying to Tell You About Climate Change
(DBN)

AC Use Has Doubled in Europe Since 1990
(DBN)

Europe’s Dirtiest Power Plant Expects Clean Break From Coal in Seven Years
(DBN)

China’s Coal Build-Out Raises Questions on Future Power Plans
(DBN)

UK Watchdog Cracks Down on Junk Carbon Offsets as Stranded Assets Surge
(DBN)

RBA Is Studying Economic Impact of Climate Risks, Bullock Says
(DBN)

London Is Now the World’s Largest Low-Emissions Zone. Was the Fight Worth It?
(DBN)

____________

Pharma:

Adderall shortage could worsen ahead of back to school
(DBN)

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Labor:

What a UAW strike could mean for labor
(DBN)

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Utilities:

Hawaiian Electric denies sparking deadly Maui blaze Upcoming Bankruptcy Spikes Visitor Costs To All Islands Except Kauai Hawaii power utility takes responsibility for first fire on Maui, but faults county firefighters Hawaiian Electric says power lines were 'de-energized' hours before Maui wildfire
(DBN)

Puerto Rican financial board seeks an end to power company’s debt-restructuring process Puerto Rico Electric Power Bonds Fall on Proposed Debt Deal
(DBN)

Electric utilities face billions in wildfire liability with aging power lines risking another catastrophe
(DBN)

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Retailing:

Neiman Marcus in talks to merge with luxury archrival Saks Fifth Avenue: sources
(DBN)

Rite Aid reportedly prepping bankruptcy filing
(DBN)

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Healthcare:

Collapse of American Physician Partners Prompts Reevaluation of “Safe Bets” in Emergency Medicine
(DBN)

Puberty blockers: The facts and the myths
(DBN)

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Crypto:

FTX's Bankman-Fried Appeals Jailing as Trial Nears
(DBN)

All of Sam Bankman-Fried's Proposed Expert Witnesses Should Be Barred From Testifying: DOJ
(DBN)

FTX Customers Hit by 'Withdrawal' Phishing Mails After SIM Swap Attack
(DBN)

DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
(DBN)

Bitcoin trading volume is at its lowest in more than four years
(DBN)

Binance withdrawals hit $1.9 bln in 24 hours, data firm says
(DBN)

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Trucking:

Bankruptcy forces closure of 19 MEX truck stops in Pilot network
(DBN)

Hedge Fund MFN Pushes for Equity Voice in Yellow’s Bankruptcy - WSJ
(DBN)

Newsom pushes back against autonomous trucking bill despite support from California Democrats
(DBN)

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Tourism:

Fearing economic disaster, Maui wants tourists to return. But feelings are complicated
(DBN)

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Furniture:

All employees laid off, Taylorsville home furnishing company shuts down operations Mitchell Gold + Bob Williams abruptly ceases operations Legendary furniture brand Mitchell Gold + Bob Williams closes its doors
(DBN)

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Student Debt:

It may now be easier for borrowers to apply for public service loan forgiveness
(DBN)

More US Firms Offer Student Loan Help to Debt-Burdened Grads
(DBN)

Biden is still trying to forgive student debt in ‘a very direct confrontation’ with Supreme Court, expert says
(DBN)

____________

Banking:

FDIC Set to Unveil Plan for Stricter Regional Bank Rules
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

DIP Finance:

The loan with the 545% interest rate 
(DBN)

____________

Mass Torts:

Mallinckrodt Subpoenaed Over Suspicious Orders For Controlled Substances
(DBN)

Judge denies unsealing testimony of former priest who admitted to sexual abuse
(DBN)

3M board to vote on multibillion-dollar settlement in military earplug litigation 3M's Potential $5.5 Billion Earplug Settlement Is Still Just the Beginning
(DBN)

____________

Aviation:

How Richard Branson's dreams crashed to Earth
(DBN)

American Airlines fined $4.1 million over lengthy tarmac delays
(DBN)

UK airspace ‘network-wide failure’ fixed after Brits stranded by 500 cancelled flights Airlines Scramble to Restore Service After UK System Outage
(DBN)

Creditors of Switzerland's SkyWork take it on the chin
(DBN)

India's SpiceJet in financial distress as creditors circle
(DBN)

Flybe administrators detail likely creditor payouts
(DBN)

This Airline Has Added Child-Free Sections on Long-Haul Flights
(DBN)

____________

Tech:

Dispatch pauses AI sports writing program
(DBN)

Musk's 4-second surprise appearance at a video game tournament was met with boos and the crowd chanting 'bring back Twitter'
(DBN)

Behind the AI boom, an army of overseas workers in ‘digital sweatshops’
(DBN)

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Religion:

Pope says ‘backward’ U.S. conservatives have replaced faith with ideology
(DBN)

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Maritime:

Croatia’s Uljanik Shipyard Fails to Attract Bidder in Third Tender Offer
(DBN)

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Fraud:

'Doing the right thing' was worth $40 million to this Marine veteran and mother of three
(DBN)

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Sports:

Three regional sports channels find new owners
(DBN)

Michelle Obama’s Call for Equal Pay Puts Tennis Gender Inequality in Spotlight
(DBN)

Spanish Football’s Pay Inequality Faces Government Investigation
(DBN)

____________

Water:

As Springs Dry Up, a Warning of Future Water Shortages
(DBN)

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Food/Beverage:

Twinkies parent Hostess reportedly exploring sale after 2 bankruptcies, one ownership swap in past 20 years
(DBN)

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IT:

IT services firm AgileThought files for chapter 11 bankruptcy, return to private company
(DBN)

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Education:

UC Riverside professor accused of claiming false Cherokee heritage resigns
(DBN)

____________

UK:

UK Creditors Are Lending Millions to At-Risk Players, Abound Says
(DBN)

Only a Recession Can Tame West’s Inflation, Says Adviser to UK Chancellor
(DBN)

Kirklees Council: What would happen if authority declares effective bankruptcy?
(DBN)

Clintons to shut 38 stores as part of restructuring plan
(DBN)

____________

EU:

UK Prepares to Scrap EU Pollution Rules to Boost Housebuilding
(DBN)

ECB Pushes Banks to Take Hit on Loans to Austrian Tycoon Benko’s Business Empire
(DBN)

As Rates Near Their Peak, the Pain Begins for Europe's Borrowers
(DBN)

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Canada:

Cannabis company Atlantic Cultivation acquires insolvent Tantalus Labs brand
(DBN)

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China:

Evergrande Delays Restructuring Votes Just Hours Before Start China Evergrande shares set to open down 14.3%
(DBN)

Country Garden Seeks to Add Grace Period for Maturing Yuan Bond All eyes on Country Garden's cash flow as troubled firm set to report loss
(DBN)

Economists think new home prices in China will see zero growth this year as the country's property market continues to weaken
(DBN)

Paid Late, or Never: Painters, Builders and Brokers Hit by China’s Property Crisis
(DBN)

The Scientist Who Foresaw China’s Stagnation
(DBN)

She Rose From Poverty as China Prospered. Then It Made Her Poor Again.
(DBN)

China's attempt to rescue its stock market is failing as mainland equity rally falls flat
(DBN)

China is doing everything it can to conceal the true extent of its economic turmoil There could be even tougher times ahead for China's economy, as forecasters slash their growth predictions What China’s Long-Term Economic Weakness Means for the Developing World China's economy is struggling, but it might not be all that bad for the US China Banks to Cut Rates on Mortgages, Deposits in Stimulus Push China Pledges to Speed Up Fiscal Spending to Boost Economy China Mega Banks Weigh Further Deposit Rate Cuts to Boost Growth Economists Turn Even More Downbeat on China’s Growth Outlook
(DBN)

On China’s economy: Markets send surprising message
(DBN)

China drops COVID testing for international arrivals Concerns grow as post-COVID economic recovery in China flounders
(DBN)

U.S. and China Agree to Broaden Talks in Bid to Ease Tensions US-China Ties ‘Critical’ to Manage Responsibly, Raimondo Says
(DBN)

Is the bride 25 or younger? Couples get cash reward to promote earlier marriage in China
(DBN)

____________

Russia:

Pope slammed for telling Russians to hold on to ‘legacy’ of a ‘great empire’
(DBN)

Russia sends some of its most elite paratroopers to the south of Ukraine as counteroffensive breaks through
(DBN)

____________

Cayman Islands:

Grand Court Of The Cayman Islands Winds Up The Bank As A Foreign Company To Protect Cayman Customers: The Opening Sequence Of An Epic Battle?
(DBN)

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Hong Kong:

Can you petition for winding up if your debt is subject to arbitration? The debate continues
(DBN)

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Japan:

"The Restructuring Review 16th Edition
(DBN)

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MENA:

Saudi Foreign Reserves Plunge by Most Since Pandemic to 2009 Low
(DBN)

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Germany:

High Energy Bills Force German Industry to Eye Production Abroad
(DBN)

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Sweden:

Swedish Landlords Offload Properties Amid Balance Sheet Pressure
(DBN)

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