August 8, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Demand for bankruptcy services lifts US law firm performance in second quarter
(DBN)

Stroock bankruptcy leader takes team to Morgan Lewis, extending departures A five-partner restructuring team is the latest to leave Stroock for Morgan Lewis New York Restructuring and Finance Team Led by Five Partners to Join Morgan Lewis
(DBN)

Top 50 Biglaw Firm Offers Optional Deferral To Incoming Associates
(DBN)

Will Associates At Other Biglaw Firms Unionize?
(DBN)

Alan Dershowitz Would Like To Remind You That No One On Martha's Vineyard Likes Alan Dershowitz
(DBN)

‘Dobbs is an indictment of women,’ past ABA president tells House in emotional testimony
(DBN)

End use of prisoners for unpaid hard labor, ABA House of Delegates urges
(DBN)

Attorney Faces Criminal Charges For Tampering With Voting Machines After The 2020 Election. Again.
(DBN)

Legal experts predict Supreme Court won’t spare Trump from trial and verdict Trump responds to feds' protective order request in Jan. 6 conspiracy case Pelosi calls Trump arraignment "triumph for the truth" Trump's lawyer says he ‘will be acquitted’ if Pence testifies Pence has ‘no plans’ to testify against Trump — unless he has to Trump's Defense Plan: Just a Guy Out of Touch With Reality Trump likely to face gag order after he targeted Pence, Jack Smith online, experts say ‘Fake’ elector plot raised concerns over legal peril, indictment shows Trump lawyers seek to narrow proposed limit on what he can say publicly in election case Trump seeks latitude in sharing evidence in Jan. 6 case with public, ‘volunteer attorneys’ Trump lawyer says Jack Smith showing ‘discomfort’ with protective order request Fact-check: Trump lawyer John Lauro’s Sunday talking points
(DBN)

The Day After The January 6 Verdict
(DBN)

Trump legal team singles out Biden’s ‘Dark Brandon’ post as capitalizing on indictment
(DBN)

There is more than one conflict in Trump’s classified documents case
(DBN)

Rudy Giuliani puts luxury Manhattan apartment on the block for $6.5 million
(DBN)

Former Rudy Giuliani colleague and Trump ally Bernard Kerik meets with special counsel investigators
(DBN)

More than 1K people charged over Jan 6 riot, 366 received prison time: DOJ
(DBN)

Ahead of possible Trump indictment, Atlanta locks down courthouse Georgia courthouse on heightened security ahead of possible Trump charges Donald Trump Faces Looming Threat of Racketeering Charges in Georgia Case - WSJ Atlanta DA Fani Willis Took Down Cheating Teachers. Now She's Targeting Ex-President Georgia set to take over the Trump indictment spotlight Former Georgia Lt. Gov. receives subpoena to testify before grand jury
(DBN)

Members of extremist group Patriot Front sue activist who infiltrated, identified them
(DBN)

Lawyer at center of Trump election plot asks California judge to postpone disbarment proceedings
(DBN)

Judge dismisses Trump's counterclaim against E. Jean Carroll in defamation case Trump Gets Carroll Judge To Brand Him A Digital Rapist. Again.
(DBN)

Ohio special election could play decisive role in abortion fight
(DBN)

Ken Paxton, lawyers test limits of gag order restricting comments on impeachment trial
(DBN)

8-year-old Chicago girl fatally shot by man upset with kids making noise, witnesses say
(DBN)

Former Minneapolis police officer gets nearly 5 years for role in George Floyd's death Judge chides ex-cop for lack of remorse over George Floyd Ex-Minneapolis officer unrepentant as he gets nearly 5 years in George Floyd killing
(DBN)

Transgender woman ‘demands’ ex-boyfriend to return her testicles from his fridge
(DBN)

Teenage cousin of Uvalde shooter is arrested, accused of threatening to ‘do the same thing’ to a school
(DBN)

Trafficking Survivors and Advocates Are Being Harassed by ‘Sound of Freedom’ Fans
(DBN)

Road rage incident results in spray paint melee on busy street
(DBN)

Racist sex offender tried to drive over people, threatened to 'shoot and bomb': Deputies
(DBN)

Teacher who had a ‘kill list’ gets 2½ years on probation
(DBN)

6 wives, 4 are dead: 'Black widower' Thomas Randolph faces retrial for 6th wife’s murder
(DBN)

8-year-old girl fatally shot while riding scooter in Chicago
(DBN)

Oregon man accused of holding woman captive in makeshift cell appeared on 'Judge Judy' with children's mother
(DBN)

Texas border town's residents sour on Texas Gov. Greg Abbott’s Operation Lone Star
(DBN)

Dozens arrested over alleged child sex abuse following murder of two FBI agents
(DBN)

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Judges:

Trump directs rage at DC judge handling his Jan. 6 case Trump: Jack Smith going before ‘judge of his dreams’ Trump wants to relocate his D.C. criminal case. His judge has previously rejected his arguments Trump and his new lawyer are not on the same page about judge’s recusal
(DBN)

Trump Baits Court With Social Media Rants About Jan 6 Case
(DBN)

Judge overseeing Trump documents case criticizes special counsel Judge Cannon questions use of out-of-state grand jury in Mar-a-Lago investigation
(DBN)

Trump Judge Aileen Cannon's Mistakes Just Keep On Piling On
(DBN)

California Judge Arrested On Suspicion Of Shooting His Wife To Death
(DBN)

Federal judge who said defendant ‘looks like a criminal’ can’t preside in new trial, 6th Circuit says
(DBN)

A Quick Guide to Clarence Thomas' Scandals
(DBN)

Despite Her Cooperation, Panel Decides To Suspend Pauline Newman For A Year
(DBN)

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Wall Street:

Stock futures fall with bank shares under pressure
(DBN)

A 'Black Swan' investor warns of an epic debt bubble - and says stocks are overvalued and set to plunge
(DBN)

Berkshire shares hit all-time high
(DBN)

Hedge funds are being forced to cover their bearish bets, as the stock market continues to defy doubters
(DBN)

Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
(DBN)

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Layoffs:

New York State Amends Its WARN Act Regulations
(DBN)

Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
(DBN)

Companies connected to film industry begin layoffs
(DBN)

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Healthcare:

5 hospital bankruptcies this year
(DBN)

Bankrupt public hospital in California inks deal with private operator
(DBN)

University of Iowa to acquire Mercy hospital: A new chapter begins amid bankruptcy filing Mercy-Iowa City files for bankruptcy with plans for U of I to take over the hospital
(DBN)

Hospital’s bankruptcy evidentiary hearing starts in September
(DBN)

Anthony Fauci’s Deceptions
(DBN)

Babies set to sleep on nursing pillows can stop breathing in minutes. Dozens have died.
(DBN)

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Trucking:

Yellow's bankruptcy underscores criticism of Trump-era loan Trucking Firm Yellow Files for Bankruptcy, Blasts Teamsters Yellow CEO Blames Teamsters ‘Bullying’ as Trucking Giant Files for Bankruptcy Teamsters: Yellow Fails Workers One More Time A Trucking Giant Is Bankrupt, and Finger-Pointing Begins 'Greedy': Freight trucking company files for bankruptcy after getting $700 million pandemic loan How Yellow Corp. bankruptcy has created a capacity gap, XPO CEO explains Yellow Corp Bankruptcy: A Glimpse into the Decline of a U.S. Trucking Giant Inside American Trucking’s Largest Bankruptcy How Yellow's Downfall Is Rippling Through the Economy Yellow Corp.’s bankruptcy may trouble U.S. trucking
(DBN)

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Sports:

Trump taunts defeated U.S. women's national team
(DBN)

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Crypto:

FTX has a plan, but creditors are not impressed
(DBN)

Is this crypto’s next crisis? A Tether sell-off and Huobi’s rumored insolvency spell trouble
(DBN)

New Core Scientific CEO expects company to exit bankruptcy by year end
(DBN)

Huobi refutes insolvency and leadership arrest rumors
(DBN)

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Economy:

Another Wall Street bank throws in the towel on their 2023 recession call
(DBN)

Top economist Paul Krugman says the US economy is growing too fast to spiral into a debt crisis
(DBN)

New York Fed chief: Another interest rate hike an ‘open question’
(DBN)

Biden revs up economy pitch
(DBN)

US credit downgrade is GOP’s latest salvo against ‘Bidenomics’
(DBN)

A $2 trillion corporate debt wall will spark job losses in 2024, Goldman Sachs says
(DBN)

U.S. Conference Board's Employment Trends Suggest Jobs Market Remains Robust
(DBN)

Rising US debt could chip away at the dollar's dominance, Blackstone boss Stephen Schwarzman warns
(DBN)

Treasury Auction Deluge Set to Test Appetite for Debt
(DBN)

The US government will add $5 billion to its debt pile every single day for the next ten years, says analyst
(DBN)

10-year Treasury yield falls as investors weigh interest rate outlook
(DBN)

40% of business leaders think recent Gen Z college graduates aren't prepared to enter the workforce, new survey says — and some said they won't even hire them
(DBN)

Sen. Coons: Congress must find debt solution without cutting Social Security
(DBN)

The world's 6 richest people are closing in on a $1 trillion combined net worth after the stunning rally in stocks this year
(DBN)

US gas prices are surging to their highest level since October 2022 – and economists are warning of an inflation 'smile'
(DBN)

The Era of Ultracheap Stuff Is Under Threat - WSJ
(DBN)

Majority of parents spend 20% or more of household income on child care, report finds
(DBN)

Return-to-office mandates just got another vote in their favor: A new study says WFH results in 18% less productivity.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

What Tenants Need to Know If the Landlord Files Bankruptcy
(DBN)

Home prices hit record highs in nearly two-thirds of markets
(DBN)

Over 80% of Americans think it's a bad time to buy a house
(DBN)

A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due - WSJ
(DBN)

Property loans are so unappealing that banks want to dump them
(DBN)

The Intersection of Tax Liens and Bankruptcy: Implications for Property Owners and Creditors
(DBN)

'Zombie' offices could turn into 400,000 new apartments for families. That's almost double the number of new US units in a typical year.
(DBN)

The genius plan that could bring down skyrocketing home prices
(DBN)

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Municipalities:

Deal to restructure Puerto Rico Industrial Development Company bonds reached
(DBN

How Dallas-Fort Worth became America's boomtown
(DBN)

In Dallas, a model "smart city" project bears fruit
(DBN)

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Oil/Gas:

Driller's Bankruptcy Lenders Fidelity, Apollo Stripped of Controlling Stake
(DBN)

Walmart, Sam's Club to Add EV Chargers
(DBN)

Conventional Discovered Oil and Gas Volumes Falling to New Lows
(DBN)

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Student Debt:

Student Loan Cancellation Update as Federal Court Asked to Block Biden Plan
(DBN)

Biden's efforts to make it easier for defrauded student-loan borrowers to get debt relief were blocked by a conservative court
(DBN)

5th Circuit blocks new rules aiming to expand student debt relief for defrauded borrowers
(DBN)

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Politics:

Sofia Kinzinger presses Pence to be more truthful about Trump
(DBN)

Trump ratchets up attacks on Pence after Jan. 6 indictment Trump calls Mike Pence ‘delusional’ in sharpest attack yet on his former vice president
(DBN)

Pence qualifies for first GOP primary debate
(DBN)

DeSantis seeks to distance himself from Trump on Jan. 6
(DBN)

America’s white majority is aging out
(DBN)

Ramaswamy calls Juneteenth a ‘useless’ holiday Ramaswamy Rise in 2024 Field Brings Scrutiny... Didn't Vote Republican Until 2020
(DBN)

7 in 10 say they’ve heard little or nothing about Inflation Reduction Act since passage: poll
(DBN)

The impeachment effort losing steam in the House GOP
(DBN)

Trump knocks ‘woke’ US women’s soccer team after World Cup departure
(DBN)

DeSantis says Republicans will lose if election is about Jan. 6 and Trump DeSantis says Republicans will lose if election is a ‘referendum’ on Jan. 6, classified documents
(DBN)

McConnell Mercilessly Heckled During Speech With Chants of 'Retire!'
(DBN)

Leader of Texas’ largest county takes leave to treat clinical depression
(DBN)

Ohio Republicans wanted to kneecap abortion activists before November. It may backfire on them What to know about Ohio special election at center of abortion fight Ohio’s Abortion Ban Is Rekindling a Century-Old Battle Over Direct Democracy
(DBN)

DeSantis says he does not support punishments for women who violate abortion bans
(DBN)

Trump’s communications are ‘erratic and unmoored from truth,’ says former Georgia Lt. Gov
(DBN)

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Labor:

Amazon Says It Doesn't 'Employ' Drivers, But Records Show It Hired Firms to Prevent Them From Unionizing
(DBN)

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Climate:

It’s official: Scientists confirm July was the hottest month ever recorded
(DBN)

The climate wrecking ball striking food supply
(DBN)

A West Coast ocean heat wave adds to a summer of extremes
(DBN)

China's summer of extremes has farmers worried about crops the world needs
(DBN)

Nearly 400,000 without power after deadly storms
(DBN)

July hit a crucial warming threshold that scientists have warned the world should stay under
(DBN)

Harvard climate scholar resigns from Conoco board after environmental pushback related to Willow project in Alaska
(DBN)

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Religion:

White Christian nationalism threatens U.S. democracy
(DBN)

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Utilities:

Texas Is a Look Into the Future of Driving
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Factbox-US corporate bankruptcies at highest level since 2010
(DBN)

Surging U.S. Corporate Bankruptcies Already Surpass Total for All 2022
(DBN)

Puerto Rico bankruptcies up 2.2% in July, vs. 2022
(DBN)

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Advisors:

Top Lazard restructuring banker Kurtz departs for Hilco
(DBN)

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Litigation:

An Overview of Shotgun Pleadings in the Federal Courts
(DBN)

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Mass Torts:

‘My prayerful support’: how the New Orleans archbishop hid ‘credibly accused’ abusers
(DBN)

Hundreds of Boys Abused by Japanese Pop Mogul, U.N. Report Blasts Response
(DBN)

Purdue Pharma Victims Are Getting Caught in Bureaucracy of Harm
(DBN)

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Aviation:

US freight carrier Western Global files for Chapter 11 to assist restructuring
(DBN)

American Airlines passenger behind ‘not real’ viral tirade that delayed travelers for hours ID’d
(DBN)

A vacationing woman tried to fly with her dog and said it was her emotional support animal. When airline staff stopped her, she abandoned the pet at an airport parking lot.
(DBN)

Thousands of flights impacted by storms FAA warns thunderstorms could have big impact on East Coast flights
(DBN)

A passenger used a boarding pass found in the trash. CLEAR escorted them through airport security.
(DBN)

IBBI informs NCLT has no views on refund of tickets by Go First RP; CoC says part of resolution
(DBN)

Creditors Ask Jet Airways To Pay $42 Million By August 31st
(DBN)

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Tech:

Zuckerberg mocks Musk announcement that fight will be live streamed on X
(DBN)

Musk Will Pay Your Legal Fees If You Liked Tweets Joking About Cops Killing A Man Over Cigarettes
(DBN)

Elon Musk's touted successor left Tesla after a 13-year stint under the billionaire, which 'is like working 50 years for anyone else,' analyst says
(DBN)

SEC chairman warns of risk to financial systems from AI
(DBN)

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Banking:

Bridgeport bank failure fallout: Ex-city official, second man plead guilty in collapse of Washington Federal Bank for Savings
(DBN)

U.S. banks have a big little dilemma going on for them
(DBN)

Moody's Gloomy on Banks Moody’s Cuts US Banks on Mounting Funding Costs, Office Risk
(DBN)

JPMorgan, Bank of America and 4 other Wall Street titans are set to pay $8.9 billion after this spring's banking fiasco
(DBN)

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Education:

What is PragerU? The conservative education platform now in Florida schools
(DBN)

Florida Department of Education ensnared in federal investigation
(DBN)

Next frontier in Fla. education wars: Climate
(DBN)

Back-to-school sales boom as teachers dig into their own pockets for classroom supplies
(DBN)

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Furniture:

United Furniture asset sale approved; amended WARN Act compliant filed
(DBN)

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Agribusiness:

Bankrupt AeroFarms continues to grow retail partnerships
(DBN)

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Labor:

Over 11,000 L.A. workers plan to strike, hoping to ‘shut down’ city
(DBN)

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Buses:

EV firm Proterra files for Chapter 11 bankruptcy protection
(DBN)

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Fraud:

Elizabeth Holmes on Track for Early Release
(DBN)

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Media:

Vice Media Continues to Shed Talent Post-Bankruptcy Sale
(DBN)

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UK:

Charities welcome government’s personal insolvency review response
(DBN)

England rugby legend Lawrence Dallaglio asks to be given extra time to enter legally-binding voluntary arrangement to pay back business debts after HMRC applies to wind up his firm
(DBN)

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Russia:

Europe's biggest companies reported a combined €100 billion loss from leaving Russia, report says
(DBN)

Why Republicans are turning against aid to Ukraine
(DBN)

Russia's air force is barely able to leave its own airspace because Ukraine's defenses are so strong, UK intel says
(DBN)

Sun, sea and sanctions evasion: Where Russians are spending the summer
(DBN)

US will hold Russians accountable for war crimes in Ukraine, AG Merrick Garland says
(DBN)

Deadly Russian missile strikes destroy hotel and apartments, Ukraine says Injuries rise after deadly Russian strikes
(DBN)

Ukraine is eating through a key artillery shell, but the US Army has a plan to make hundreds of thousands more each year
(DBN)

Ukraine declares war on Russia’s Black Sea shipping
(DBN)

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China:

The most interesting part of China's stimulus announcement was the omission of a key phrase that ignited the 2020 crackdown on the real-estate sector
(DBN)

China's economy is trapped in a downward spiral that authoritarian regimes are doomed to repeat
(DBN)

China reports double-digit plunge in July exports and imports, missing expectations
(DBN)

China Foreign Investment Gauge at 25-Year Low Amid High Tensions
(DBN)

China's working population will shrink in the coming decades and keep the nation's economy from surpassing America's, research firm says
(DBN)

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MENA:

Rabbi Thau calls on followers to 'wage war’ on Israel's LGBT community
(DBN)

Thousands of US sailors, Marines reach Red Sea after Iran tensions
(DBN)

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Venezuela:

Venezuela Opposition Poised to Extend Legal Deadline on Defaulted Bonds
(DBN)

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India:

IBC Overrides Electricity Act: Capturing the Fallacy in Rainbow Papers
(DBN)

Byju’s lenders accused of using bogus loan-default claims
(DBN)

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