March 5, 2023

The Daily Bankruptcy News

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Law:

Shearman Ends Merger Talks, Loses 20-Person Team to Rival
(DBN)

Baker McKenzie Partner Leaves Firm After Conclusion Of Racism Probe
(DBN)

Biglaw Partner Learns You Shouldn't Call Opposing Counsel A 'F**king Piece Of Sh*t Worthless Human' In Court
(DBN)

Ex-NASCAR General Counsel Leaves Race Track for Family Adventure
(DBN)

How can lawyers use AI to improve their practice?
(DBN)

How can lawyers meet their ethical obligation to be competent in technology?
(DBN)

Once-prominent lawyer Murdaugh gets life in prison for murders of wife and son Alex Murdaugh's murder case led a historian to uncover another suspicious Murdaugh family death from the 1940s that resulted in a huge payout Alex Murdaugh juror: 'We prayed' before returning to courtroom with guilty verdict for murders A bald Alex Murdaugh appears in booking mugshot after he's sentenced to two life terms for killing wife and son Judge tells Alex Murdaugh his legal dynasty sent people to die for less before sentencing him to prison forever
(DBN)

Manafort, government settle civil case for $3.15M
(DBN)

Which consumers are interested in legal services from nonlawyers and why?
(DBN)

As Trump Inquiry Continues, Republicans Seek Oversight of Georgia Prosecutors
(DBN)

Trump wants to push back trial in $250 million fraud suit six months, deep into presidential campaign season
(DBN)

Trump pledges to stay in 2024 presidential race even if he is criminally charged
(DBN)

Authorities identified a Capitol rioter because he wore a bright red backpack with his last name embroidered on it Jan. 6th rioter who stole Officer Michael Fanone's badge following Capitol assault pleads guilty
(DBN)

'Filled with Hatred': Far-right Proud Boy brawler convicted on 10 felonies for inciting and directing riot against counter-protesters
(DBN)

Biden Warns of Hate and Extremism in US
(DBN)

Two far-right Trump supporters who sought 'war' over 2020 election sentenced for conspiring to blow up Democratic Headquarters
(DBN)

Trump Lawyers Would Like To Remind You About Their Client, President Grabbyhands
(DBN)

DOJ Makes Radical Argument That Inciting Violence Is *Not* Within The Scope Of The President's Job Trump doesn’t have absolute immunity from civil suits stemming from Jan. 6 Capitol riot, DOJ says
(DBN)

Facebook and Google are handing over user data to help police prosecute abortion seekers
(DBN)

NYC Mayor Adams Says Chicago Election Is ‘Warning Sign’ on Crime
(DBN)

A proposed law that would require people blogging about Ron DeSantis to register with the state is a ‘clear violation of the First Amendment:’ ACLU Florida's Insane Anti-Blogging Bill
(DBN)

US agency sues Exxon for discrimination after nooses found at plant
(DBN)

Court overturns California man's murder conviction, citing state's new 'rap lyrics' law
(DBN)

He's finally been declared innocent after serving 38 years for a murder he didn't commit
(DBN)

4 US citizens missing after being assaulted and kidnapped in Mexico, FBI says
(DBN)

Woman slams SUV into Popeyes because her order didn’t have biscuits: Deputies
(DBN)

'Things went horribly wrong': Devastated family sues mortuary over wrongful cremation
(DBN)

Man arrested more than 3 decades after Atlanta woman found raped and strangled in woods
(DBN)

Former reality TV star gets life sentence for murder-for-hire plot targeting nephew
(DBN)

35 Arrested at Atlanta Police Training Center
(DBN)

Sinister Threat of Tennessee's Anti-Drag Law Billboards Coming of TN. Governor in Drag
(DBN)

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Judges:

Formal Complaint Lodged Against Federal Judge For Handcuffing Crying 13-Year-Old Girl
(DBN)

Pro tips for using Zoom in virtual courtroom proceedings
(DBN)

Famed Supreme Court Advocate Retires, Citing High Court's Problematic Conservative 'Supermajority'
(DBN)

Kamala Harris Has Been Busy Breaking Judiciary Ties
(DBN)

The Curious Rise of a Supreme Court Doctrine That Threatens Biden’s Agenda
(DBN)

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Wall Street:

Stock futures are little changed as investors look ahead to Powell comments, jobs data this week
(DBN)

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Layoffs:

CNET Cuts 10% of Staff
(DBN)

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Student Debt:

Even if the Supreme Court finds Biden's student-loan forgiveness was an overreach of authority, it doesn't mean the relief will get struck down. Here's why.
(DBN)

Supreme Court’s student debt ruling could affect millions of swing-state voters
(DBN)

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Finance:

Private Debt Shops Are Flexing Their Muscles in Race for Loan Deals
(DBN)

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Politics:

GOP’s Larry Hogan Says He Won’t Run for President
(DBN)

CPAC exposes conservative split Trump to blast Bush Republicans at CPAC
(DBN)

Trump's 5-part plan to attack DeSantis
(DBN)

Biden's D.C. crime stunner strains relations with House Dems
(DBN)

Jill Biden Says Testing President’s Mental Fitness ‘Ridiculous’
(DBN)

Sununu on Trump: "Thank you for your service, we're moving on"
(DBN)

Trump's War Against the GOP's Past
(DBN)

Kellyanne and George Conway to Divorce
(DBN)

Texas GOP censures Rep. Tony Gonzales over gun safety, gay marriage votes
(DBN)

Trump floats building "freedom cities" on federal land
(DBN)

____________


Economy:

Powell Set to Lay Groundwork for Higher Rates on Capitol Hill
(DBN)

Zoom bomb forces cancellation of Fed’s Waller event
(DBN)

Why rate hikes haven't affected the economy more
(DBN)

ISM® Services Index at 55.1% in February
(DBN)

Q1 GDP Tracking
(DBN)

Credit card debt soars as perks proliferate
(DBN)

AAR: February Rail Carloads and Intermodal Decreased Year-over-year
(DBN)

Heavy Truck Sales Unchanged Year-over-year
(DBN)

Here's why experts say Russia and China's attempts to 'de-dollarize' global markets are going nowhere West Failed to Isolate Russia
(DBN)

KY: Mile Long Line for Free Food
(DBN)

Low-wage workers are finally catching a break
(DBN)

America chips away at the 40-hour workweek
(DBN)

Social Security, Medicare clash comes down to what constitutes a ‘cut’
(DBN)

Global Jobs Ordeal for Women Hasn’t Improved Much This Century Gender pay gap could cost the world economy $7 trillion, Moody’s says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Inflation Adjusted House Prices 3.9% Below Peak
(DBN)

Home prices fall year over year for the first time since 2012
(DBN)

Real-estate investors seized upon a tried-and-true strategy to fix up homes and make money. Then the market turned.
(DBN)

Framing Lumber Prices Down 72% YoY, Below Pre-Pandemic Levels
(DBN)

A property flipper bought a historic Black cemetery after the city of Tampa unexpectedly lost control of the property in a blind auction. The city's mayor 'may as well have spit on those graves,' preservationist says.
(DBN)

Nate Paul, real estate investor in Paxton corruption allegations, found in contempt of court, ordered to jail
(DBN)

Inside Nate Paul’s bankruptcy jiu-jitsu at Braker Business Park
(DBN)

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Oil/Gas:

Forget Peak Oil Demand: A Thirst for Barrels Puts $100 in View
(DBN)

Germany and EU Pursue Talks on Deal to Ban Combustion Engines
(DBN)

Honda: Gas Engines May be Sold Until 2040
(DBN)

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Rail:

Second Ohio Derailment Raises Ire in Congress on Rail Safety
(DBN)

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Healthcare:

‘Renewed interest’ by potential partners delayed Madera hospital’s bankruptcy filing
(DBN)

COVID Mar 3, 2023: Update on Cases, Hospitalizations and Deaths
(DBN)

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Utilities:

PG&E victims ask bankruptcy judge for more money
(DBN)

Billion-Dollar Power Lines Finally Inching Ahead to Help US Grids
(DBN)

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Banking:

Top Shareholder Sold Out of Credit Suisse Over the Past 3 to 4 months
(DBN)

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Crypto:

Crypto Collapse Hits Real Financial System
(DBN)

Bitcoin down 5% ahead of Mt Gox payouts
(DBN)

FTX Collapse: Bankman-Fried's Golden House Arrest About to Get Worse Sam Bankman-Fried To Get A 'Non-Internet' Phone While Out On Bail, DOJ Says Why The FTX Collapse Shook The Bahamas FTX’s $8.7 Billion Balance Sheet Hole About Equal To What Alameda Owes It
(DBN)

Binance.US’s Acquisition Of Voyager Digital Hits Various Roadblocks
(DBN)

Binance.US Is Operating ‘Unregistered Securities Exchange,’ SEC Official Says
(DBN)

Singapore Police Have Begun Probing Crypto Fugitive Do Kwon’s Terraform Labs
(DBN)

Here's what could happen next to crypto-friendly bank Silvergate Capital Silvergate Bank’s balance sheet problem is a warning Silvergate Ordered to Immediately Release $9.85M to Bankrupt Lender BlockFi Possible Bankruptcy and Regulatory Issues Loom Over Silvergate Bank Bitcoin, ether slide on Friday as investors weigh potential fallout from Silvergate woes
(DBN)

Core Scientific Shareholders to Get Official Voice in Bankruptcy Case
(WSJ)

Babel Finance Wants to Repay Creditors With a New Token
(DBN)

____________

Labor:

Why We Have a Child Labor Problem
(DBN)

Alabama Mining Strike Ends Without a Deal After Nearly Two Years
(DBN)

____________

Retailing:

Bed Bath & Beyond's stock has crashed to earth after a rollercoaster ride that defied gravity. Here's a timeline of its chaotic journey, fueled by meme-stock craze and mounting debt. Bed Bath & Beyond’s Tanking Stock Puts Hedge Fund Rescue at Risk
(DBN)

Four stores that filed for bankruptcy in 2023 as closures take over retail landscape
(DBN)

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Telecoms:

Class Action against Intelsat insiders
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Chapter 11 Bankruptcy Filings Increase 83% Y/Y in February US corporate bankruptcy filings hit 12-year high in first 2 months of 2023
(DBN)

February Bankruptcy Filings Up 18% on Last Year
(DBN)

______________

Aviation:

The CEO of Boeing missed a 2022 goal and did not get a $7 million bonus — but he still made $22.5 million
(DBN)

A traveler accidentally sent a pet cat through an airport X-ray machine. The TSA called it a 'cat-astrophic mistake.'
(DBN)

Southwest's Emergency Landing in Havana
(DBN)

Airline Hits Turbulence Over New England, 1 Dead
(DBN)

____________

Sports:

MLB preparing to take over broadcasting games if Bally Sports files for bankruptcy
(DBN)

____________

Religion:

San Diego Roman Catholic diocese facing yet another lawsuit — from its insurance company
(DBN)

____________

Tech:

Twitter reports 40% drop in ad revenue, adjusted earnings for December: report
(DBN)

Taamneh Case Gave Us A Glimpse Of The Horror Websites Would Face In A Post-Section 230 World
(DBN)

She was weeks away from maternity leave at Twitter. Then Elon Musk took over
(DBN)

Senators to launch bill that will help ban or prohibit foreign technology like TikTok
(DBN)

____________

Sovereigns:

World’s Riskiest Markets Stumble Into Crisis With Dollars Scarce
(DBN)

____________

UK:

UK Plans Law to Prevent Asylum Claims by Small Boat Arrivals
(DBN)

UK Construction Output Rises Unexpectedly to Strongest Since May
(DBN)

UK PM Sunak Rejects Calls to Cancel Increase in Business Tax
(DBN)

Home Reit declares two tenants in default Home REIT rent troubles deepen as two major tenants go bankrupt
(DBN)

____________

EU:

ECB’s Top Economist Says Core Inflation Suggests More Rate Hiking Needed
(DBN)

ECB Policy Pioneer Issing Warns of More Inflation Shocks to Come
(DBN)

Europe’s Surging Inflation Bets Undercut Lagarde’s Rate Campaign
(DBN)

ECB Half-Point March Rate Hike Very Likely, Lagarde Says
(DBN)

____________

Russia:

Putin's army can't figure out how to use tanks, and the battlefield in Ukraine is littered with burnt wrecks
(DBN)

Russian shelling hits Ukrainian town; Bakhmut battle rages
(DBN)

A captured Russian prison inmate-turned-soldier said the Wagner Group's paramilitary trained him for 3 weeks and didn't expect him to survive the Ukrainian assault
(DBN)

Russia is close to taking Bakhmut. But it may come with a cost
(DBN)

How Giuliani and Trump Destabilized Ukraine
(DBN)

____________

China:

China Sets Modest Growth Target as Economic Risks Persist
(DBN)

Sunac Gets Vocal Support for Offshore Debt Restructuring Plan
(DBN)

China Markets Set for Weak Showing as Growth Target Disappoints
(DBN)

China Targets 2023 GDP Growth of Around 5%
(DBN)

China is Getting Ready for War China Increases Military Budget to $230 Billion
(DBN)

Biden to Tighten Rules on US Investment in China
(DBN)

____________

Japan:

Japan Will ‘Disappear’ Without Action on Births, PM’s Aide Says
(DBN)

____________

Australia:

Australia’s Biggest Firms Flash Warning Signals on Recession
(DBN)


____________

MENA:

The Israeli Settler Violence Against Palestinians
(DBN)

The Iraq War Unleashed the Age of Grift
(DBN)

____________

India:

CBDT gives five-year tax exemption for insolvency regulator IBBI
(DBN)

____________

Malaysia:

Downward trend in number of youth bankruptcy
(DBN)

____________


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