July 24, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Yet Another Am Law 100 Firm Defers Incoming Associates To January 2024
(DBN)

Biglaw Firms Are Holding Leverage Over Associates' Heads With Their In-Office Work Mandates
(DBN)

July 21, 2023 Bankruptcy Quiz
(DBN)

Elon Sues The Lawyers That Forced Him to Buy Twitter
(DBN)

Mercenary Cyber Firm Says Ex-Dechert Partner Orchestrated Hack
(DBN)

Congressional budgeting error could slash funds for federal public defenders
(DBN)

Biglaw Firm Doing More Than Just Legal Work
(DBN)

Tom Cotton Threatens Top Biglaw Firms Over Their Diversity & Inclusion Initiatives Big Law’s Diversity Efforts May Be Illegal, GOP Senator Warns
(DBN)

Meet a lawyer who turned a pandemic-era freelance gig into his full-time work, travels the world, and has already made more than $100,000 this year
(DBN)

You're An Attorney... But At What?
(DBN)

Don’t Let Your Law Firm Get Over-Lawyered To Death
(DBN)

Stanford Law School Trades Dignity And Principle For Trump Judge's Approval
(DBN)

Stanford Law Diversity Head Is Out After Judge’s Disrupted Talk
(DBN)

T14 Law School Bans ChatGPT From Admissions Process In Weird Self-Own
(DBN)

Lawyers Should Try Not To File Documents At The Last Minute
(DBN)

Ron DeSantis Considers Suing Bud Light Over Anti-Gay Boycotts Because Why Not?
(DBN)

FBI improperly used 702 surveillance powers on US senator NSA, Cyber Command nominee touts support of Section 702 renewal
(DBN)

Federal judge strikes down Arizona law limiting recording of police as unconstitutional
(DBN)

Michael Cohen Settles Lawsuit Against Trump
(DBN)

Former US attorney general says DOJ ‘back on track’ after slow start to Jan. 6 probe DOJ special counsel contacts Kemp, former Arizona governor in Jan. 6 probe: reports
(DBN)

Judge Cannon Sets Trump Docs Case For May Trial Date Trump campaign celebrates judge’s ruling on court date for documents case
(DBN)

Mark Meadows privately admitted he wasn't finding much evidence of 2020 election fraud
(DBN)

FBI ‘expressly’ opposed GOP release of unverified Biden tip
(DBN)

Leon Black Headed Off Epstein Lawsuit in US Virgin Islands Deal
(DBN)

Missouri Supreme Court orders attorney general to let abortion ballot initiative go forward
(DBN)

What Happened When Oregon Decriminalized Hard Drugs
(DBN)

Border apprehensions at lowest level since February 2021
(DBN)

Car thefts skyrocket in cities across the U.S.
(DBN)

Mother kills her 3 children in triple murder-suicide during supervised visitation
(DBN)

At least 6 dead and 26 injured after violent weekend of shootings in Chicago
(DBN)

Man strangled dad, tied body to grill, tossed it over pontoon boat so he could 'party'
(DBN)

Man sentenced for stabbing ex-girlfriend up to 30 times while she said 'I love you'
(DBN)

'Do not release the dog with his hands up!' Black man mauled by police canine after Ohio pursuit
(DBN)

Man killed ex-girlfriend with booby-trapped package exploding feet from day care center
(DBN)

'Help Me!': Girl kidnapped is rescued after waving desperate sign at strangers, feds say
(DBN)

Brother of ex-NFL player pleads guilty to murdering rival coach over kids football game
(DBN)

Patrol dogs are terrorizing and mauling prisoners inside the United States
(DBN)

The Gilgo Beach murders might have been solved years ago if police and prosecutors hadn't fumbled the case
(DBN)

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Judges:

Sotomayor slams SCOTUS for treating executed man as 'guinea pig'
(DBN)

A film, websites, and even a Twitter fan account praising Clarence Thomas were all part of a coordinated public relations campaign backed by nonprofit groups tied to a Federalist Society chairman Leonard Leo helped fund media campaign lionizing Clarence Thomas Clarence Thomas Has Been Getting Financed Since Before He Joined The Court
(DBN)

'Dead as fried chicken': Senators mock doomed Supreme Court ethics bill
(DBN)

A judge was caught scrolling through Facebook and looking at GIFs while she was overseeing her first trial involving a man accused of beating a 2-year-old to death
(DBN)

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Wall Street:

S&P 500 futures are flat ahead of a busy week of earnings, Fed meeting
(DBN)

Rising Consumer Pain Triggers Wall Street Concern
(DBN)

Republicans raise cash from the Wall Street firms they bash
(DBN)

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Layoffs:

CME Cuts About 100 Jobs This Week, or About 3% of Workforce
(DBN)

Santa Barbara News-Press Files for Bankruptcy, Staff FIRED
(DBN)

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Politics:

The numbers behind Trump's confidence the Jan. 6 indictment won't matter Trump indictments leave him fighting for higher office — and maybe his freedom Most voters think DOJ indictments add drama, but will hurt Trump: poll
(DBN)

Biden Attorney Files Ethics Complaint on Greene
(DBN)

Note cards and shorter stairs: How Biden's campaign is addressing his age
(DBN)

The Senate's very Gen X stock-trading bill
(DBN)

GOP looks to spending fights for wins on abortion, trans care, contraception Abortion threatens House spending fights
(DBN)

Club for Growth readies $20m fund to boost Boebert, Gaetz and other McCarthy antagonists
(DBN)

TikTok sleuths discover Jason Aldean's music video of protest footage features multiple clips from demonstrations outside the US Jason Aldean's Claim About 'Small Town' Debunked in Viral Video Jason Aldean’s new music video was filmed at a lynching site. A big country music network pulled it
(DBN)

Biden is polling at a near-record low. Smerconish has a theory why
(DBN)

GOP's crumbling case against Biden on crime, immigration and inflation
(DBN)

Trump just qualified for the first debate. But will he show up?
(DBN)

Why America stopped building public pools
(DBN)

Inside the DeSantis Doc That Showtime Didn’t Want You to See
(DBN)

Biden will establish a national monument honoring Emmett Till, the Black teen lynched in Mississippi
(DBN)

Frustrated lawmakers demand answers on UFOs Tim Burchett: Americans should know what the government knows about UFOs
(DBN)

Conspiracy-mongers in Congress: Republicans go off the deep end
(DBN)

History Has a Warning for Kevin McCarthy About Expunging Trump’s Impeachments House GOP squeezes McCarthy on "World War III"-level spending fight
(DBN)

Democrats put RFK Jr. on blast in change of strategy
(DBN)

Even Congress thinks its members should stop playing the stock market
(DBN)

How Dictators Make Money—and Money Makes Dictators
(DBN)

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Crypto:

Prosecutors accuse Sam Bankman-Fried of leaking ex-girlfriend’s private notes to the New York Times
(DBN)

FTX’s Sam Bankman-Fried Denies Allegations of Witness Tampering, Accepts Gag Order
(DBN)

Inside the private writings of Caroline Ellison, star witness in FTX fraud case
(DBN)

FTX lobbyist tried to buy Pacific island of Nauru to create a new superspecies, lawsuit says
(DBN)

Bankrupt FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion
(DBN)

Celsius lawyer fixed problems until both got charged
(DBN)

Bankruptcy over for crypto lender Celsius Network? Celsius To Return Assets to Customer and End Bankruptcy After Reaching Settlements Celsius creditors likely to see their funds soon as bankrupt crypto lender reaches settlement Celsius Offers 5% Bonus to Customers in Proposed Settlement
(DBN)

Bitwise directors accuse Soberal, Olguin of ‘massive’ fraud
(DBN)

Wall Street Is Grappling With Crypto’s Trillion-Dollar Custody Question
(DBN)

‘A lot of nonsense’: Crypto lobby faces new Capitol Hill reality
(DBN)

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Education:

Race was a factor in Black professor’s failed hiring, Texas A&M department head says Four things to know about the Texas A&M controversy
(DBN)

Biden Campaign Hits DeSantis Over Slavery Curriculum in Florida DeSantis claims White House ‘obsessed with Florida’ after Black history standards commentary Christie says DeSantis has only himself to blame for Florida education controversy Chris Christie slams Ron DeSantis over Florida's new Black history curriculum DeSantis fires back at Kamala Harris over Black history standards DeSantis Doubles Down on Benefits of Slavery
(DBN)

The Republican war on colleges
(DBN)

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Industrial Services:

Williams Industrial Services files for bankruptcy protection
(DBN)

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Economy:

Americans' post-COVID financial recalibration
(DBN)

Morgan Stanley credits Bidenomics for ‘much stronger’ than expected GDP growth
(DBN)

Here’s why Florida’s inflation is so high
(DBN)

FOMC Preview: Likely 25bp Rate Hike
(DBN)

Q2 GDP Tracking: Around 2%
(DBN)

I'm a Gen Zer who gets asked what young workers want. It's simple: to be included in conversations about our careers and the workplace.
(DBN)

Gen Z is headed for a career calamity
(DBN)

High-earners could save 40% of their salary by moving from New York to Texas because of cheaper living costs and lower tax rates, report says
(DBN)

‘This is a problem’: Biden faces looming strikes that could rock economy
(DBN)

Meet the grumpy stayers: People stuck in their jobs who can't leave for better gigs
(DBN)

G-20 Ministers Fail to Reach Consensus on Fossil Fuels, Russia
(DBN)

California Looks Into the Future — and Sees Fewer Californians
(DBN)

Heat, War and Export Bans: Global Food Threats Are On the Rise
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

What’s on the Horizon for Commercial Real Estate Loans?
(DBN)

Housing-Market Rebound Poses Challenge for Fed’s Inflation Fight
(DBN)

A 10-year U.S. home price rally could be coming to an end, says Robert Shiller
(DBN)

Old houses now cost as much as new houses
(DBN)

New Uses for Old Skyscrapers: Solving the Urban Housing Crunch
(DBN)

Final Look at Local Housing Markets in June
(DBN)

Black Knight: "Seriously Delinquent Mortgages Hit Lowest Level Since 2006" in June
(DBN)

Where Is the Bottom in Commercial Real Estate? Nobody Knows
(DBN)

Austin went from a 'weird' oasis to one of the most expensive cities in the US. Now it's fighting runaway housing prices.
(DBN)

This woman pays $450 a month to live by the side of the road
(DBN)

The credit score needed to buy Barbie’s Malibu Dreamhouse
(DBN)

Homeowner reduced to tears after doomed fight to reform ‘authoritarian’ HOA: ‘The system is rigged’
(DBN)

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Municipalities:

Former Detroit firefighter and police pension chair reflects on personal cost of city’s bankruptcy 10 years ago Detroit filed for bankruptcy. It makes a comeback but there are hurdles
(DBN)

‘We’re all getting a piece of that pie!’: the slavery reparations battle that could bankrupt San Francisco
(DBN)

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Oil/Gas:

Goldman Sachs expects ‘all time high’ oil demand to drive up prices
(DBN)

Oil markets to face ‘serious problems’ as demand from China, India rises: IEF
(DBN)

Biden administration joins Manchin, GOP whip in backing pipeline at Supreme Court
(DBN)

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Student Debt:

My husband and I paid off $80,000 of student debt during the pandemic, but now I wish we hadn't
(DBN)

What Biden’s SAVE plan means for student loan borrowers
(DBN)

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Tech:

Vanmoof E-Bike Bankruptcy: The Risks of Cloud-Connected Transport
(DBN)

Bankruptcy Court Provides Guidance on Social Media Account Ownership
(DBN)

Drinking borax is the latest TikTok trend medical authorities working feverishly to debunk
(DBN)

Why Threads will never be the new Twitter
(DBN)

Amazon, Meta, Others to Unveil AI Safeguards Amid Biden Push
(DBN)

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Autos:

How debtors and creditors steered Carvana away from bankruptcy
(DBN)

Foxconn to Court: Dismiss Lordstown’s Chapter 11 or Order Liquidation
(DBN)


Why Tesla’s Full Self Driving (FSD) Is Years Away From Working
(DBN)

Tesla Starts Offering 84-Month Loans as Interest Rates Rise
(DBN)

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Pharma:

Key drug-pricing bill capping insulin costs faces hurdles in Congress
(DBN)

2 huge employers just said they're dumping Wegovy from their health plans. It's a sign of a crackdown on popular weight-loss drugs.
(DBN)

Pfizer Warns of Medicine Supply Disruptions from Tornado Damage
(DBN)

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Healthcare:

The VA’s new medical records system has gone haywire. Congress is alarmed
(DBN)

The invisible consequences of heat on the body and mind
(DBN)

Judge orders Montana health clinic to pay nearly $6 million over false asbestos claims
(DBN)

July 21st COVID Update: New Pandemic Lows for Deaths and Hospitalizations
(DBN)

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Bicycles:

VanMoof’s failure epitomizes the problem with the e-bike market
(DBN)

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Labor:

The Redneck Army Refuses to Stay Buried
(DBN)

Hollywood strikes upend fall TV
(DBN)

Trump Attempt to Stoke Auto Worker Tension With Biden Is Failing
(DBN)

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Event Facilities:

Objections filed against U.S. trustee's motion in Arizona sports venue bankruptcy
(DBN)

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Sports:

How does MLB take over a local broadcast? Even with months of planning, it's a mad scramble
(DBN)

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Banking:

Cracks in the system
(DBN)

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Cruise Lines:

Vantage Customers Seek a Legal Voice in Bankruptcy Proceedings
(DBN)

Court Order to Address Creditor Communications in Vantage Case
(DBN)

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Art:

Artists Have Come Forward Claiming Non-Payment From Simon Lee Gallery Following News of Its Financial Insolvency
(DBN)

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Trucking:

Yellow Truck Headed for Bankruptcy, 22,000 Union Jobs Go Poof, What It Means Yellow Corp trucker goes ballistic at bosses after firm stopped making contributions to workers' pension fund - as $1.2billion debt leaves it on brink of bankruptcy ‘Big trouble’: Yellow truck drivers ponder next moves amid potential bankruptcy Judge Rejects Ailing Trucker Yellow's Bid to Block Strike
(DBN)

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Broker-Dealers:

Lingering pain for clients of defunct broker-dealer
(DBN)

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Agribusiness:

AppHarvest announces Chapter 11 filing to support a financial and operational transition
(DBN)

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Food/Beverage:

After pork plant bankruptcy and closure, Windom awaits answers from new ownership
(DBN)

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Retailing:

Bed Bath & Beyond Shareholders to Recover Nothing Under Proposed Reorganization Plan
(DBN)

Forman Mills Fought Off Bankruptcy but Faces New Legal Battles
(DBN)

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Newspapers:

Santa Barbara News-Press declares bankruptcy, ceases publication after more than 150 years ‘Santa Barbara News-Press’ Files for Bankruptcy
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (40 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Third Party Releases:

Recent Divergent Views On Third-Party Injunctions In Mass Tort Bankruptcies
(DBN)

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UST:

Government seeks clarity on remedy after recent bankruptcy decision
(DBN)

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Litigation:

Litigation Funders Bet Billions on Veterans’ Toxic Water Claims
(DBN)

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Mass Torts:

Diocese of Rochester reaches settlement in bankruptcy case
(DBN)

Charleston’s landmark ‘forever chemicals’ case pivots to $13.7B settlement payouts
(DBN)

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Advisors:

FTI Consulting Appoints Matt Johnston to Lead Turnaround Offering in EMEA
(DBN)

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Aviation:

Extreme Heat Pushes US Airlines to Shed Fuel, Limit Passengers
(DBN)

The Effects of Bankruptcy on Airline Yield and Frequency: The case of the duopolistic domestic market in Japan
(DBN)

U.S. to 'beat up' airlines when necessary for passengers, transportation secretary says
(DBN)

American Airlines pilot contract offer increases to $9 billion following United agreement
(DBN)

A controversial hack to save on plane tickets is a ‘super big risk,’ says expert
(DBN)

Real estate firm formally withdraws SpiceJet insolvency bid
(DBN)

Go First files application for ‘immediate’ revival of operations after flights cancellation Go First looks at external funding for contingency plan Go First receive claims worth $2.9 billion from creditors: Reports Go First gets green light from DGCA to resume ops, but with riders
(DBN)

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Climate:

Relentless U.S. heat wave is likely to extend into August Historic and enduring U.S. heat wave, by the numbers Southwest heat wave simmering since spring will expand to cover much of U.S.
(DBN)

U.S. needs to go ‘further and faster’ to achieve climate goals, lawmakers say
(DBN)

It’s even hot underwater
(DBN)

G-20 Energy Ministers Meet as Extreme Heat Spurs Climate Focus
(DBN)

Trump says he would end ‘Green New Deal atrocities’ on first day back in White House
(DBN)

US national parks grapple with extreme heat deaths 2 female hikers found dead in a Nevada state park amid heat wave
(DBN)

Is it really hotter now than any time in 100,000 years?
(DBN)

Why Is The Euphrates River Drying Up And What Does It Mean?
(DBN)

Greek Wildfires Force Evacuation of 19,000 From Island of Rhodes
(DBN)

Climate Inferno Threatens to Turn Athens Into Outpost of Sahara
(DBN)

Europe’s Heat Wave Gives Way to Wildfire, Tennis Ball-Size Hail
(DBN)

Scientists say Florida Keys coral reefs are already bleaching as water temperatures hit record highs
(DBN)

World’s Biggest Wind Power Projects Are in Crisis Just When World Needs Them Most
(DBN)

Worms that contain the same lethal neurotoxin as puffer fish are invading the East Coast
(DBN)

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Sovereigns:

IMF Says Argentina Staff-Level Deal to Finalize in Coming Days
(DBN)

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UK:

FTI Consulting Strengthens Restructuring Capabilities with Addition of Two Senior Hires and Dedicated Practice in Manchester
(DBN)

UK: All Embracing Economic Decline is Coming
(DBN)

NW Construction Market Facing Insolvency-Driven Skills Shortage
(DBN)

In the U.K., a Disaster No One Wants to Talk About
(DBN)

UK Job Vacancies Rise for Fifth Month, Adding to Pressure on Pay
(DBN)

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EU:

European Bonds Surge on Souring Economic Signals
(DBN)

Traders brace themselves for declines as euro trades near 17-month high against US dollar
(DBN)

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China:

Insolvency and compliance specialists join Boss & Young
(DBN)

1 in 5 young people in China can't find a job – and that's a big problem for Xi Jinping
(DBN)

Facing job scarcity in China, some find work as ‘full-time children’
(DBN)

China property stocks tumble on renewed debt fears JPMorgan Sees 35% Downside for China’s Top Builder as Woes Mount
(DBN)

Wall Street cut China’s GDP forecast many times, with one bank adjusting 6 times
(DBN)

China has announced a slew of measures to bolster its economy. Here’s what we know so far China’s Politburo Signals Property Easing, Debt Risk Plan
(DBN)

Evergrande Seeks Approval in Courts for Restructuring Plan Vote China Evergrande gets court approval to hold a creditor meeting next month to win support for its US$20 billion debt restructuring
(DBN)

Blinken Says World Is Seeking Responsible US-China Relationship
(DBN)

Here’s How China Is Supporting Its Economy as Stimulus Awaited
(DBN)

____________

Russia:

Putin’s War Is Slowly Destroying Europe’s Breadbasket How bad will things get now that Russia has quit its grain deal with Ukraine? Russian Attack on Danube Grain Storage Highlights Risk to Ukraine’s Last Export Route
(DBN)

Missile barrage batters Odesa, heavily damaging cathedral Zelensky condemns Russian strikes on Odesa and vows to retaliate
(DBN)

The Ukrainians are begging Western countries for F-16s, but they've also got their eyes on an often overlooked Swedish jet
(DBN)

Putin hosts Belarus leader, calls Ukraine’s counteroffensive a failure
(DBN)

Inside A Ukrainian Baby Factory
(DBN)

____________

MENA:

Israeli startups act to relocate over judicial shakeup, survey finds Another 10,000 Israeli Reservists Refuse to Serve Is Israel on the Cusp of Civil War? Biden urges Netanyahu to slow down on judicial overhaul Israelis rally ahead of critical vote to weaken power of courts Israel’s Netanyahu recovers from heart procedure while his judicial overhaul moves forward Israel Prepares for Fateful Vote as Netanyahu Leaves Hospital
(DBN)

It’s Scorching in Iran, and There’s Less and Less Water to Help
(DBN)

____________

Spain:

Far-right could enter government as Spain goes to the polls Vox, the far-right party making gains in Spain, explained Spain’s Climate Election Pits Water Police Against Angry Berry Farmers Spanish Right Set to Oust Sanchez With Slim Majority, Poll Shows Inconclusive Vote Prompts Political Uncertainty In Spain Spanish Socialists’ Last-Minute Surge Leaves Parliament Gridlock
(DBN)

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Australia:

Australian Corporate Insolvency Reform: The PJC's Report Is In, So What Can We Expect Next?
(DBN)

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India:

Unlocking India's economic promise: Can IBC act as a catalyst for expansion?
(DBN)

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Malaysia:

The Usage Of The Insolvency Act 1967
(DBN)

____________

Germany:

Germany’s Far-Right Climbs to Record Support as Scholz Struggles
(DBN)

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Venezuela:

Auction of Citgo Petroleum Shares to Pay Creditors Set for October
(DBN)

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Ireland:

Creditors stepping up pressure for repayments
(DBN)

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Kenya:

Is receivership giving creditors hope under 2015 insolvency law?
(DBN)

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Luxembourg:

Luxembourg adopts insolvency reform: new restructuring options to complete the existing Luxembourg toolkit
(DBN)

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Japan:

BOJ Mulls Sharp Increase in 2023 Inflation Outlook
(DBN)

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