July 17, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Allen & Overy Loses Managing Partner Amid Shearman Merger Talks
(DBN)

Biglaw Partner Learns The Hard Way It's Probably Best If You *Don't* Forge Someone's Signature On Legal Documents
(DBN)

Illinois’ biggest consumer bankruptcy firm DebtStoppers files for Chapter 11 bankruptcy
(DBN)

A Different Type of PPP: Post-Pandemic Parenting in the Legal Profession
(DBN)

Court narrows Black law prof’s discrimination suit against University of Michigan Law School
(DBN)

More Biglaw Firms May Soon Mandate 4 Days Spent Working From The Office
(DBN)

Illegality Aside, Chemerinsky's Perjury Joke Was Just That — A Joke
(DBN)

Family of Murdaugh boat crash victim Mallory Beach gets $15M in wrongful death settlement
(DBN)

Some Lawyers Fear The Power Of IT Professionals
(DBN)

Unclean hands doctrine means Lady Gaga won’t have to pay promised $500K reward for dogs
(DBN)

Secret Service closed White House cocaine investigation without interviews
(DBN)

Jack Smith’s Team Sledgehammers Trump Demand To Delay Trial In Blistering Response • Trump seeks unprecedented delays as he battles prosecution • DOJ Says NFW To Trump Demand That Documents Case Be Scheduled For Never
(DBN)

Trump’s outbursts met with silence so far by prosecutor, judge
(DBN)

The Biglaw Attorney To Go To When You Absolutely, Positively Have To Tell The Former President To Stop Defaming You
(DBN)

The No-Nonsense Georgia Prosecutor on Collision Course With Trump - WSJ • Trump Wants Georgia to Dump Case Against Him
(DBN)

Indictment paints tale of Chinese interests and 2016 Trump campaign
(DBN)

'Idiot' Jan. 6 rioter who stole John Lewis photo from Nancy Pelosi's office gets 4 years • Woman accused of attacking police during Capitol riot sentenced to six years in prison • Butcher who assaulted officers at Capitol riot gets 7 years in prison
(DBN)

Judge orders Giuliani to pay $90K for Georgia election workers attorneys' fees
(DBN)

Appeals court temporarily blocks order that restricted feds’ contact with social media firms • Fifth Circuit Pauses Ban On Biden Admin Flagging Online Misinformation
(DBN)

Appeals court rules Catholic school can fire counselor over her same-sex marriage
(DBN)

Dallas GOP Condemns Paxton Impeachment
(DBN)

Abortion ballot measures set the stage ahead of 2024
(DBN)

Judge upholds stringent Oregon gun control law as constitutional
(DBN)

Hundreds of migrants in southern Mexico form group to head toward US • Mexico files complaint against Greg Abbott's buoys in Rio Grande • New laws remove obstacles for DACA recipients who want to become police officers • Record migration sparks backlash in wealthy nations
(DBN)

Kari Lake’s team ordered to pay more than $122K in sanctions over Maricopa lawsuit
(DBN)

U.S. Virgin Islands seeks $190 million from JPMorgan in Jeffrey Epstein suit • Ghislaine Maxwell accuses prison guard of sex abuse
(DBN)

Las Vegas police officer convicted in brazen casino heists could get a life sentence
(DBN)

Gilgo Beach serial killings: A complete timeline of events • A determined mom and a veteran police officer who said this is 'solvable' revived the Gilgo Beach probe • New York Murder Suspect's Tax Issues & Lawsuits • How Serial Killer Suspect Was Undone by Pizza Box, Tinder Account • Scores of guns confiscated from Long Island home of suspected Gilgo Beach serial killer — who had 92 legal permits • Accused Gilgo Beach serial killer's searches show penchant for sexual violence, cruelty • What we know about the suspect in the Long Island serial killings • Gilgo Beach victim’s mother lashes out at suspected serial killer • Expert posited spot-on prediction of likely Gilgo Beach murder suspect 12 years prior • The Long Island Serial Killer case may finally be solved — but many questions remain
(DBN)

Federal investigation launched into jail where man was 'eaten alive' by bed bugs
(DBN)

At least 4 killed in mass shooting in small Georgia city; suspect still at large • Georgia mass shooting suspect is killed during intense search and 3 officers are wounded, police say
(DBN)

Almost half of millennials think misgendering a transgender person should be a criminal offense, new survey finds
(DBN)

California man sentenced to life in prison for killing 3 teens over doorbell prank • Judge hand down maximum sentence to man who killed three teens over 'doorbell ditch' prank
(DBN)

Prison guard lost her job after offering to care for inmate's baby
(DBN)

Man convicted of killing missing woman to prevent her from testifying against him
(DBN)

‘He had visited multiple sites’: New details emerge in case where longterm clinic patient allegedly shot and killed beloved and celebrated surgeon
(DBN)

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Judges:

Trump’s Mar-a-Lago Judge Aileen Cannon Faces Her Moment of Truth • Judge in Trump documents case under the spotlight as arguments near
(DBN)

Federal Judge Absolutely Nails Supreme Court's Ethics Dumpster Fire • A Federal Judge Asks: Does the Supreme Court Realize How Bad It Smells?
(DBN)

Cowboys owner Jerry Jones is a shark and he pulled in a sucker named Clarence Thomas
(DBN)

State Supreme Court Justice Uncorks Bonkers Tantrum That You Really Have To Read To Believe
(DBN)

Where We Are At The End Of The Supreme Court’s 2022 Term
(DBN)

Judge's affair with prosecutor leads to murder conviction being overturned
(DBN)

Judge says SCOTUS ruling means she doesn't have to marry same-sex couples
(DBN)

Dismissal of machete-attack case due to judge shortage was proper, appeals court says
(DBN)

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Wall Street:

Stock futures slip to start the week
(DBN)

Wall Street execs make first bets against Donald Trump in 2024
(DBN)

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Layoffs:

Sprout stops worker settlement over involuntary bankruptcy
(DBN)

Among 276 job cuts at Microsoft, employee's third layoff in professional career
(DBN)

SC hospital chain to lay off nearly 700
(DBN)

Lululemon lays off 100
(DBN)

Binance Has Cut 1,000 Workers in Recent Weeks
(DBN)

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Labor:

These movies are on hold because of the SAG-AFTRA strike
(DBN)

Working Actors Are Sharing What They Actually Make From Residuals In Light Of SAG-AFTRA Strike, And It's Shocking
(DBN)

Child Labor Violations on the Rise
(DBN)

US forwarders told to brace for UPS strike action disruption • UPS Union Asks White House Not to Intervene in Case of Strike
(DBN)

____________

Crypto:

Lessons from the rise and fall of Sam Bankman-Fried and FTX
(DBN)

Crypto court victory reignites power struggle with Gensler's SEC
(DBN)

Financial Stability Board Calls for Tougher Global Crypto Rules After Year of Turmoil
(DBN)

FTX and Celsius Bankruptcy Claims Gain New Market Access on OPNX • 3AC co-founders’ OPNX exchange onboards FTX, Celsius bankruptcy claims
(DBN)

Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
(DBN)

How the Celsius Affair Plays Into the U.S. Crypto Regulatory Debate
(DBN)

BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: Court filing
(DBN)

Celsius sells $23.5 million of tokens days after former CEO was arrest
(DBN)

‘I know about lying, I do it for a living’: How Ben McKenzie went from The OC heartthrob to crypto’s biggest critic
(DBN)

Investor who lost $740K to Ontario's Crypto King among 5 men charged with kidnapping him
(DBN)

____________

Student Debt:

Biden administration unveils $39B of student debt relief as part of income-driven repayment fix • Biden’s new plan to forgive $39 billion in student loans, explained
(DBN)

Biden’s Unconstitutional “Bankruptcy Abuse” Act Makes Peons of Student Debtors
(DBN)

Don’t bond 18-year-olds to debt for life
(DBN)

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Kitchenware:

Profit-Driven Systems Are Driving Us To Our Doom
(DBN)

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Fraud:

The curious cases of the nonexistent silver coins, vanishing crypto, and stones in place of nickel – 3 bizarre investment frauds of 2023
(DBN)

Frank founder Charlie Javice gave JP Morgan millions of names and emails for college students she said were customers, but 'it was all fake,' prosecutor says
(DBN)

The Californians whose scam PACs tricked Trump and Clinton supporters out of millions
(DBN)

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Gig Economy:

Gig workers' push for better pay is still a struggle
(DBN)

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Sports:

Diamond Sports Group to make next payment to Cincinnati Reds
(DBN)

MLB Rule Changes Are Key Reason For Increase In TV Streaming And Attendance, League Says
(DBN)

Football Is Bust: Enjoy It While You Can, Because It Is Not Going to Last in This Form.
(DBN)

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Water:

How Saudis Tapped a Gusher of Water in Arizona
(DBN)

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Autos:

In America’s ‘Voltage Valley’, hopes of car-making revival turn sour
(DBN)

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Economy:

Federal Deficit Nearly Tripled in Fiscal Year
(DBN)

Welcome to the Dollar War • Dollar’s Busted Bull Run Has Doomsayers Calling End of an Era
(DBN)

Q2 GDP Tracking: Around 2%
(DBN)

Today’s Class War Is the 1 Percent versus The People Just Below Them
(DBN)

Those about to retire far outnumber those entering the workforce. The math behind the worker shortage.
(DBN)

Fed Open to Another Rate Hike After Expected Increase This Month
(DBN)

State of the economy: The vibes vs. the data
(DBN)

Many Gen-Xers facing retirement ‘nightmare’ due to lack of savings: report
(DBN)

Kobach Threatens Corporations Who Use Race in Hiring
(DBN)

Food Banks Struggle to Meet Demand
(DBN)

Jamie Dimon says employees can go work somewhere else if they don't like long commutes into the office • JPMorgan CEO Jamie Dimon chides managers who work from home: ‘I don’t know how you can be a leader and not be completely accessible to your people’
(DBN)

This map shows how much you need to make to be in the top 1% in every state
(DBN)

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

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Major Banks Prepare for Office Loan Losses
(DBN)

Realtor.com Reports Weekly Active Inventory Down 2% YoY; New Listings Down 21% YoY
(DBN)

AAA Insurance Starts Florida Pull Back
(DBN)

The US will probably avoid a recession. That might be bad news for homebuyers.
(DBN)

The Mansion Tax Effect: Luxury Home Sales Stall in Los Angeles
(DBN)

Fiduciary to investors: Funds in Nightingale projects “misappropriated”
(DBN)

In ‘warfare against renters,’ homeowners fight affordable housing push
(DBN)

Luxury homes like Beyoncé and Jay-Z’s Malibu estate take a staff of up to 50 to maintain — and could cost owners $1 million a year
(DBN)

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Municipalities:

Detroit Takes On Problems That Were Once Beyond Reach • 10 years since bankruptcy, Detroit’s finances are better but city workers and retirees feel burned • 10 years later, Detroit retirees find health care, bankruptcy cuts troubling • 10 years after bankruptcy, Detroit progress both promising and disappointing • Detroit has changed. It's not because of the bankruptcy •Exchange with Benny Napoleon has stuck with me for 10 years • 10 years after bankruptcy, Detroit progress both promising and disappointing
(DBN)

Worst American city for pensions confronts a $35 billion crisis
(DBN)

San Francisco’s ‘doom loop’ is a warning for every American city. Here’s how we can fix it — before it’s too late.
(DBN)

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Climate:

Death Valley threatens temperature records but tourists keep coming • Phoenix breaks daily high temperature with 118 degrees, hottest daily high in 25 years
(DBN)

A Self Perpetuating Heat Wave?
(DBN)

Heavy rains swamp Northeast again as flash flooding claims at least 5 lives in Pennsylvania
(DBN)

Record heatwaves sweep the world from US to Japan via Europe • A Baking Europe Is Set to Get Even Hotter as Charon Approaches • Extreme Weather Torments Europe as Relentless Heat Marches On
(DBN)

El Niño settles in: Why we may see more extreme temperatures
(DBN)

Brutal heat wave peaks Sunday in Southwest, but no cool down in sight
(DBN)

Tens of millions across U.S. continue to endure scorching temperatures: "Everyone needs to take this heat seriously"
(DBN)

‘We are not prepared’: Disasters spread as climate change strikes
(DBN)

The Snow Crab Vanishes
(DBN)

Canadian Wildfires Burn a Record 25 Million Acres With No End in Sight
(DBN)

Climate Change Shifting the Ocean's Colors
(DBN)

Hurricane Ian battered these middle-class beach communities. Repair costs finished them off.
(DBN)

Heat, flooding and smoke: The U.S. is in the midst of a summer of extremes
(DBN)

Records set to be broken as tens of millions endure scorching temperatures across the U.S.
(DBN)

Paying the price: Let market forces end the fossil fuel era
(DBN)

____________

Politics:

Michigan Republican Party Faces Alarming Financial Picture Ahead of 2024 Election; Bank Accounts Down to $93K
(DBN)

Trump reveals new details about $1 billion in earnings in revised filing
(DBN)

Chris Wallace spars with RNC chair over 2020 fake electors drama
(DBN)

Christie Camp Taunts Trump With New Ad: ‘Are You a Chicken or Just a Loser?’
(DBN)

No-Show Republicans Shun NGA
(DBN)

House GOP Passes Contentious Defense Bill • GOP-backed defense bill won’t pass, national security adviser says • Republican congresswoman accused of hypocrisy for anti-abortion vote
(DBN)

Top Man of God in Iowa Wants Someone Other Than Trump • Iowa evangelicals feel under attack — and many don’t see Trump as their savior
(DBN)

Hunter Biden lawyer warns MAGA posts putting family in danger
(DBN)

RFK Jr. denies comments on ‘ethnically targeted’ Covid-19 were anti-Semitic • RFK Jr. attempts to walk back controversial remarks that COVID-19 was ‘ethnically targeted’ • RFK Jr.’s secret fundraising success: Republicans • Robert F Kennedy Jr is America’s next nightmare
(DBN)

Marjorie Taylor Greene’s latest moves make her an ultimate D.C. insider
(DBN)

Biden raises more than $72M in second quarter, doubling Trump's haul
(DBN)

Here’s who won, and lost, and face-planted in the presidential money race last quarter
(DBN)

Williamson raised $920K in latest quarter • Marianne Williamson campaign is deep in debt
(DBN)

Billionaire Ken Griffin reconsidering support for DeSantis • DeSantis campaign sheds staff amid cash crunch • Florida Gov weighs media strategy shift • Door-knocker complaints show risks of DeSantis super PAC strategy • DeSantis team a little lighter after campaign sheds staff • Trump accuses DeSantis of neglecting Florida as insurers flee: ‘We want him to get home’ • Vets Quit DeSantis' 'Militarized' State Guard • Disney's Bob Iger Takes Aim at Ron DeSantis
(DBN)

George Will: Neither Don nor Ron will get nomination!
(DBN)

Tim Scott is the longshot candidate raising the most cash
(DBN)

Pence raises less than $1.2M, leaving questions about debate eligibility • Pence says abortion should be banned for nonviable pregnancies
(DBN)

Ramaswamy’s second quarter haul includes $5 million in self-donated funds
(DBN)

Winners and losers from the second fundraising quarter
(DBN)

Why Are These Newbie Donors Maxing Out to George Santos?
(DBN)

Republican problems on race add up
(DBN)

Christie campaign raised $1.65 million in 25 days to close out second quarter
(DBN)

The Electoral College is the big factor in a third-party nightmare for Democrats
(DBN)

FL: GOP Goes After Voter Registration Groups
(DBN)

Democratic Lobby Group Airs Steamy Sex Scene Takedown of GOP: ‘Keep Republicans Out of Your Bedroom’
(DBN)

Portrait of a ‘Pink-Collar’ Working Man
(DBN)

The Best Way to Find Out If Someone Is a Trump Voter? Ask Them What They Think About Manhood.
(DBN)

Democrats Have a Man Problem. These Experts Have Ideas for Fixing It.
(DBN)

The Crisis Over American Manhood Is Really Code for Something Else
(DBN)

How Bronze Age Pervert Built a Twitter Following and Injected Anti-Democracy, Pro-Men Ideas into the GOP
(DBN)

Carlson interview with Tate highlights far-right’s effort to redefine traditionalism • Tucker Carlson aggressively questions Pence over Jan. 6, 2021
(DBN)

A gay couple ran a rural restaurant in peace. Then new neighbors arrived.
(DBN)

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Education:

Barnes & Noble Education Warns About Its Liquidity
(DBN)

Wisconsin teacher fired for criticizing school district ban of song Rainbowland
(DBN)

Harvard Medical faces another lawsuit over stolen body parts
(DBN)

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Healthcare:

July 14th COVID Update: New Pandemic Lows for Deaths and Hospitalizations
(DBN)

Cannabis Is Linked to Mental Illness - WSJ
(DBN)

Doctor found liable for battery of a teen girl and accused of abusing another is still practicing medicine
(DBN)

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Personal Finance:

How winning record $2 billion Powerball jackpot could still lead to bankruptcy
(DBN)

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Resorts:

Will a Bankruptcy Close Margaritaville in Times Square?
(DBN)

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Entertainment:

Paramount's Parent Company in Talks With Creditors After Disclosing Financial Risks
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Chart: US Weekly Bankruptcies
(DBN)

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Mass Torts:

Key judge orders leak inquiry over New Orleans archdiocese cover-up report
(DBN)

Mallinckrodt Stock Rises After Disclosure Of Another One-Week Delay In The $200 Million Opioid-Settlement Payment
(DBN)

‘The gloves are off’: Baby powder maker J&J sues doctors who linked talc products to cancer
(DBN)

Netflix series on OxyContin maker Purdue Pharma to premiere in August
(DBN)

____________

Aviation:

United Airlines Pilots Reach Agreement in Principle With Management
(DBN)

NYC-area airports see massive delays and groundings as 1,600 flights canceled across the US
(DBN)

After complaints about airplane seat size reached Congress, a new bill aims to address cramped conditions
(DBN)

What flight attendants wish all travelers knew
(DBN)

Creditors: Jet Airways Needs To Be Wound Up
(DBN)

____________

Finance:

Finance Is So Woke It’s Investing Less In Black Companies And Holding Those With Diverse Boards To Higher Standards
(DBN)

____________

Tech:

KPMG is making a $2 billion bet on AI. It's another example of big changes that are coming to the workplace.
(DBN)

Musk Says Twitter Ads Plummet As Battle With Threads Heats Up • Here’s How Twitter Could Become Irrelevant - WSJ
(DBN)

Threads app engagement drops off a week after launch
(DBN)

Children addicted to video games ran away from home in the middle of the night to find WiFi when parents turned their internet connection off, says expert
(DBN)

____________

Pharma:

How one bankrupt U.S. drugmaker contributed to the escalating drug shortage crisis
(DBN)

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Bicycles:

VanMoof files for bankruptcy protection • Rival e-bike brands find creative solutions for nearly bankrupt VanMoof’s e-bikes
(DBN)

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Retailing:

Inside Overstock’s grand plan to reinvent itself as Bed Bath & Beyond
(DBN)

Bankrupt David’s Bridal reaches deal with buyer to avoid total shutdown • David's Bridal avoids shutdown with no-cash bankruptcy sale
(DBN)

____________

History:

So your historical quote turned out to be fake
(DBN)

____________

Media:

Tucker Creating New Media Company... Looking to raise hundreds of millions -WSJ
(DBN)

Lara: First Check Your Facts
(DBN)

____________

Transit:

NJ Transit has had many fiscal crises. Here's why the one that's looming will be worse
(DBN)

Robotaxis face their moment of truth
(DBN)

____________

Banking:

CDS panel rules UBS is sole successor to Credit Suisse after merger
(DBN)

Credit Suisse Inquiry to Remain Secret for 50 Yrs
(DBN)

How Federal Reserve misguidance contributes to bank failures
(DBN)

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Sovereigns:

Janet Yellen Calls for Accelerating Debt Relief for Poor Nations
(DBN)

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UK:

How Qualifying Is Your Floating Charge?
(DBN)

Second Carillion director disqualified
(DBN)

London Workers More Gloomy About Prospects of Finding a New Job
(DBN)

Allegations against U.K. newscaster spark furor over media ethics
(DBN)

Half of UK company directors struck off linked to alleged Covid loan fraud
(DBN)

Woking reveals first wave of job cuts as 350 put on redundancy notice amid bankruptcy • Woking: Hundreds of jobs put at risk at debt-ridden council
(DBN)

Liz Truss paid £15,770 an hour for second jobs - as outside earnings of MPs revealed
(DBN)

A National Treasure, Tarnished: Can Britain Fix Its Health Service?
(DBN)

A New Generation of UK Pensioners May Be Stuck in Rental Homes
(DBN)

UK Economy Is Likely to Fall Further Behind Euro Area Next Year
(DBN)

____________

EU:

European Power Prices Fall Below Zero With Green Power Boom
(DBN)

Spaniards Raid Savings to Pay Mortgages, Germans Do the Opposite
(DBN)

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MENA:

Israeli Reservists Threaten Mass Resignations if Judicial Plan Proceeds
(DBN)

Iran Brings Back Morality Police Patrol to Enforce Hijab Law
(DBN)

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Hong Kong:

Keeping The Door Open: Hong Kong Court Reaffirms Commitment To Mutual Recognition Of Insolvency Proceedings With Mainland China.
(DBN)

____________

Russia:

Russia's economy has gone from bad to worse in a matter of months. Here's where the country is feeling pain the most •5 stats show how Russia's economy is withering
(DBN)

Putin: Russia has ‘sufficient stockpile’ of cluster bombs
(DBN)

Russia halts wartime deal allowing Ukraine to ship grain. It’s a blow to global food security • Ukraine Grain Deal Collapses as Russia Refuses to Extend It
(DBN)

NSA Jake Sullivan defends U.S’ 'moral authority' to send cluster bombs to Ukraine
(DBN)

Russia Pushing SE Asia to Dump Dollar
(DBN)

Private Russian military companies multiplying -- and so are Kremlin's problems
(DBN)

Moscow 'Scrambling' To Keep Crimea Control
(DBN)

Ukraine Attacks Crimea Bridge • Russia Closes Crimea Bridge After Official Declares‘Emergency’
(DBN)

Russia Takes ‘Temporary’ Control of Danone and Carlsberg Assets
(DBN)

Ukrainian units are leaving behind their Western tanks and advancing slowly on foot after coming up against dense Russian minefields, report says
(DBN)

____________

Germany:

The Deindustrialization of Germany
(DBN)

Quarter of Smaller German Companies Consider Giving Up, DPA Says
(DBN)

Germans Aren’t Buying Scholz’s Plan to Keep Them Safe and Rich
(DBN)

____________

Singapore:

Singapore Winding Up Proceedings Dismissed With Costs Because Applicant Should Have Arbitrated First.
(DBN)

____________

Taiwan:

Taiwan is a vital island that is under serious threat
(DBN)

____________

Australia:

Deloitte CEO tells Senate committee into integrity his work is not worth his $3.5m salary
(DBN)

____________

France:

Billionaire Niel’s 3F Group Decides to Pull Offer for Casino • Czech billionaire Kretinsky closes in on Casino as rivals drop bid
(DBN)

____________

China:

China’s Murky Debt Corner Faces Funding Squeeze
(DBN)

Guangzhou R&F says Chinese court rejects bankruptcy restructure demand
(DBN)

China’s economy misses growth forecasts, raising the odds of more support for its tepid recovery • China’s Economic Recovery Loses Steam as GDP Disappoints
(DBN)

Massive stimulus to revive China’s ailing property market is a fool’s hope
(DBN)

Evergrande’s overdue results to show steep losses, market eyes liquidity update • Chinese Builders Logan and Evergrande Face Wind-Up Petitions in Hong Kong
(DBN)

____________

Brazil:

Brazil's Light unveils proposal to restructure $2.3 billion of debt -filing
(DBN)

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