May 10, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Am Law Top 50 Firm Begins Reduction In Force, Will Cut 5% Of Global Workforce Dechert Firm to Cut 5% of Workforce in Latest Big Law Layoffs
(DBN)

What A Biglaw Attorney Is Worth To A Firm In Cold, Hard Cash
(DBN)

Law firms raised rates 5.5% to start 2023
(DBN)

Lawyers Need To Be Perfectly Pedigreed To Earn Top In-House Pay
(DBN)

Ex-Proskauer COO Accused of Scheme to Poach Staff for Rival Firm
(DBN)

Law Firm Financials Are Looking A Little Less Depressing
(DBN)

Ransomware claims see 77% spike in early 2023
(DBN)

New Advice Column: Ask A Partner To 'Review And Revert,' For A Change
(DBN)

Get Ready For *Another* New T14: U.S. News Law School Rankings To Be Published This Week
(DBN)

Gender pay gap persists at GC-level, report finds
(DBN)

Judge chastises BigLaw lawyers for making demands after opposing counsel seeks delay for newborn
(DBN)

Pregnant criminal defense lawyer on bed rest loses trial-delay bid in top state court Pregnant? Don't Plan On Practicing Before Ohio's Supreme Court Any Time Soon
(DBN)

Only 58% of women lawyers in BigLaw would recommend legal careers for their daughters, survey says
(DBN)

Law Firm Partner Learns Singing About Trainee's 'Vag' At Afterwork Event Is Frowned Upon In... Everywhere
(DBN)

Jury begins deliberations in E. Jean Carroll's rape and defamation civil suit against Trump Trump Claims 'Unconstitutional Silencing' After Choosing Not To Testify In Rape Trial Trump Found Liable for Sex Abuse, Must Pay $5 Million to Carroll A Stunning Result in Trump’s Sexual Assault Trial Jurors award $5M to writer who sued Trump for alleged assault; what evidence supported her allegations? Jury finds Donald Trump not a rapist, but liable for battery to the tune of $5 million Trump calls verdict a ‘total disgrace’ Trump Lawyer Lashes Out at CNN Host When Asked About Ex-President’s Other Accusers Trump says he will appeal E. Jean Carroll case over ‘unconstitutional silencing’ Trump falsely claims on Truth Social that he's 'not allowed to speak or defend' himself Trump rages he has 'no idea' who E. Jean Carroll is after verdict Trump’s defeat in Carroll case presages more legal peril The Fury of #MeToo Finally Comes for the Man Who Inspired It Trump knocks judge, jury after being found liable for sexual battery, defamation

Sexual abuse verdict tests Trump's Teflon armor
(DBN)

False-records case against Trump ‘stands apart,’ newspaper review finds
(DBN)

Georgia Fake Electors Insist They Did No Crime, And If They Did, It Was Trump's Fault
(DBN)

‘Don’t freak out’: Notes from defense table during the Proud Boys seditious conspiracy trial Oath Keepers leader wants 'time served' for Jan. 6 seditious conspiracy Another Jan. 6 Rioter Gets 4 Years
(DBN)

Georgia GOP chairman says he was just following orders from Trump lawyers
(DBN)

Man shot teen girl playing hide-and-seek on his property, police say
(DBN)

A new Supreme Court case seeks to legalize assault weapons in all 50 states
(DBN)

Tennessee lawmakers called back for special session on guns after school shooting
(DBN)

S.C. police shooting survivor says deputies opened fire on him and his mother 'immediately'
(DBN)

Allen gunman had 8 guns bought legally
(DBN)

Rare GOP votes in Texas for gun bill after mass shootings
(DBN)

Long-delayed study to have civilians, not police, make L.A. traffic stops set for release
(DBN)

High-Tech Banks Grapple With Rise of Old-Fashioned Crime: Check Fraud - WSJ
(DBN)

Title 8 in the immigration spotlight ahead of Title 42’s expiration Many migrants who travel through other countries to US border won’t be eligible for asylum anymore Migrants are flocking to U.S.-Mexico border ahead of the end of Title 42, Trump era policy 'Chaotic for a while' at US border as rules change: Biden El Paso migrant shelters prepare for influx of people as Title 42 set to expire Thousands of Venezuelans face desperate gamble at US border U.S. finalizes asylum restriction to ramp up border deportations
(DBN)

Judge seems skeptical of Tiger Woods' ex-girlfriend's claims
(DBN)

Utah mom who wrote a children's book on grief after her husband died is now charged with murdering him
(DBN)

A cruise ship passenger found a hidden camera that had filmed over 150 people changing or using the bathroom. A man was arrested after the FBI said video showed him setting it up.
(DBN)

Controversial TikToker Ken Waks is no longer employed by the app he cofounded amid ethical backlash surrounding his armchair murder investigations
(DBN)

California to pay $24 million settlement to family of man who died after violent arrest
(DBN)

US busts Russian cyber operation in dozens of countries
(DBN)

A man spent 29 years in prison for a rape he did not commit. The survivor just helped free him
(DBN)

Chicago prosecutor Jason Poje quits over crime surge, leaders’ woke ‘social experiment’
(DBN)

Mom, son indicted over man buried in backyard grave – months after son admits to burying him on TV
(DBN)

Father-son duo allegedly beat homeless man in violent 'citizen's arrest': Bodycam video
(DBN)

Livid girlfriend smashed pickup truck through Family Dollar's front door to chase boyfriend: Cops
(DBN)

______________

Judges:

Harlan Crow refuses to hand over gift records to Senate Finance Senate tax chief says billionaire Crow 'stonewalling' over perks for Clarence Thomas Harlan Crow Decides To Play Hardball Over Record Of Gifts To Clarence Thomas
(DBN)

Clarence Thomas’s 2011 Ethics Complaints Are Under Senate Scrutiny
(DBN)

Supreme Court Has a Lot to Learn About Ethics From Other Branches
(DBN)

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Wall Street:

Stock futures are higher as investors await key inflation report
(DBN)

Stocks slip as caution prevails before U.S. CPI data
(DBN)

Don't look now, but Wall Street bonuses are already trending in the wrong direction
(DBN)

Goldman Shells Out $215 Million to End Case on Underpaying Women
(DBN)

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Layoffs:

Paramount Cuts 25% of Staff In Its Domestic Cable Networks MTV News to shut down as Paramount slashes 25% of US workforce
(DBN)

Tech layoffs: LinkedIn cuts 700 jobs
(DBN)

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Media:

Fox Corp. reports $50 million net loss following Dominion settlement
(DBN)

Trust in Media 2023: What news outlets do Americans trust most for information? Trust the Media? Don’t Believe the Latest Poll
(DBN)

Tucker Launching Twitter Show Elon Musk reveals Tucker Carlson has not signed a deal with Twitter as he welcomes his new show to the platform Tucker Carlson is popular with the boomers, but at Twitter he will be courting a different — and much younger — audience Accuses FOX of fraud, contract breach
(DBN)

Fox News anchor Bret Baier’s reputation takes hit after text messages reveal what he said in wake of 2020 election
(DBN)

____________

Transit:

Commuters Ditched Public Transit for Work From Home. Now There’s a Crisis
(DBN)

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Food/Bankruptcy:

Major Hardee's franchisee files for bankruptcy after closing 39 of 108 stores across eight states
(DBN)

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Celebs:

Inside Katie Price’s £1.3k a week luxury Spanish holiday villa as she counts down to bankruptcy court date
(DBN)

____________

Economy:

Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says
(DBN)

Americans Lack Confidence in Major Economic Leaders
(DBN)

Americans likely saw little relief from inflation in April
(DBN)

Druckenmiller Says US on Brink of a Recession, Sees Hard Landing
(DBN)

Recession risks rise for Biden and Democrats
(DBN)

How to characterize the American economy — from broken to just bizarre
(DBN)

Fed’s Jefferson Says Credit Tightening Seen Is Typical for Cycle
(DBN)

How to characterize the American economy — from broken to just bizarre
(DBN)

Williams Says Fed Is Data Dependent, Leaves Door Open to Pause
(DBN)

Fed’s John Williams says rates could be increased if inflation doesn’t come down
(DBN)

Inflation and 'overheated' economy have many households in a corner
(DBN)

Financial markets brace for default as Biden, Republicans dig in on debt limit Biden "considering" debt ceiling escape clause McCarthy blasts Biden after White House debt ceiling meeting McCarthy Paints a Dire Picture of Debt Talks Biden: Debt Meeting was Productive Five takeaways from the Biden, McCarthy meeting on debt limit debate Biden says rescinding unspent COVID-19 relief funds ‘on the table’ Biden’s “no negotiations” stance on the debt limit is increasingly untenable Business groups call for debt ceiling compromise Debt limit battle: How we got here Five potential outcomes of debt ceiling battle 14th Amendment option on the debt ceiling would need to overcome DOJ concerns McCarthy rejects short-term debt limit fix ahead of key meeting with Biden, congressional leaders Here’s who misses checks if the U.S. hits the debt brink in June Debt Deal With Budget Cuts Threatens Growth, Morgan Stanley’s Shalett Says What Happens if US Defaults on Its Debt? US Default Insurance Cost Eclipses Brazil, Mexico as X-Day Nears
(DBN)

Rubio calls for Congress to bar SNAP purchases of soda, junk foods
(DBN)

College graduates are overestimating their starting salaries by $30,000
(DBN)

Harvard expert says U.S. CEOs are ‘failing’ workers: ‘We’re in a crisis of trust’
(DBN)

Fewer Wall Street Firms Are Requiring Full-Time Office Attendance
(DBN)

Hybrid Working Schedule 'Here to Stay,' Littler Survey Shows
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage credit availability falls to lowest level in decade
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

Why are rents still sky-high?
(DBN)

Leading Index for Commercial Real Estate Decreased in April
(DBN)

House Price Battle Royale: Low Inventory vs Affordability
(DBN)

Why Small Businesses Outside Manhattan Are Reeling
(DBN)

Hundreds of Bed Bath & Beyond leases are prepped for the auction block
(DBN)

____________

Oil/Gas:

Bank of America slashes its oil-price outlook 9% for 2023 as debt ceiling crisis increases risk of recession
(DBN)

Oil Prices Sink As Inflation Anxiety Builds
(DBN)

Oil Majors Are Preparing For A Difficult Period
(DBN)

____________

Municipalities:

PREPA judge warns of 'war of attrition' without mediation
(DBN)

____________

Education:

‘Trump was great at this’: How conservatives transformed a Colorado school district
(DBN)

Missouri school board member resigns and plans to move over anti-LGBTQ bills
(DBN)

Florida approves social studies textbook list after changes to racial, social justice references
(DBN)

NYC stressing phonics in ‘historic’ revision to reading curriculum
(DBN)

Students can’t get off their phones. Schools have had enough.
(DBN)

____________

Politics:

Trump expands lead over GOP to largest yet: poll Trump’s latest court loss may not hurt primary bid, but some Republicans raise alarm about 2024 viability Pence says Americans not ‘focused’ on Trump sexual abuse verdict This verdict will hurt Trump more than some backers think Romney reacts to Trump verdict: 'He just is not suited to be president' 'Character matters': Republicans have mixed reactions to Trump after being found liable in Carroll suit Senate Republicans question Trump’s 2024 viability after sexual abuse verdict Kentucky governor candidate ‘honored’ to have Trump’s backing despite Carroll verdict Trump's weird weapon: Bad news
(DBN)

DeSantis takes major step ahead of expected presidential bid
(DBN)

Wall Street Journal Hits Republicans With The Harsh Truth About Donald Trump
(DBN)

Feinstein returning to D.C. as debt limit fight heats up
(DBN)

Biden provokes key Republicans with New York trip
(DBN)

Democrats have sinking feeling: Trump could beat Biden
(DBN)

Federal bank records emerge as focus of GOP’s Biden probes
(DBN)

Rep. George Santos charged by Justice Department in federal probe GOP patience with George Santos wears thin George Santos on reports he faces federal charges: "News to me"
(DBN)

House version of Texas drag ban bill strips mention of drag queens ahead of next debate
(DBN)

Austin Warns US Military at Risk by Senate Block Over Abortions
(DBN)

____________

Crypto:

Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some Users, EY Says
(DBN)

You Can Trade Anything You Like, But Funds Can Never Leave: An Analysis of Trading Behavior Around the FTX Withdrawal Halt
(DBN)

Why Author Brady Dale Is 'Drowning' in Sam Bankman-Fried
(DBN)

Shaq tries to dismiss FTX lawsuit, saying he was inadequately served court papers because they were 'tossed' at his moving car
(DBN)

Ex-Coinbase Manager Gets 2 Years for Insider Trading
(DBN)

Three Arrows Founder Su Zhu Obtains Singapore Restraining Order Against Arthur Hayes Over 'Harassment'
(DBN)

Crypto exchange Bittrex files for bankruptcy 3 weeks after US SEC accused it of illegally selling securities
(DBN)

____________

Healthcare:

Envision Healthcare plans bankruptcy filing
(DBN)

Fewer Parents Are Vaccinating Their Kids. Here's Why They Might Not Have To.
(DBN)

Texas leads the nation in babies born with syphilis. The problem is getting worse.
(DBN)


____________

Weight Loss:

Jenny Craig’s Australian business calls in administrators
(DBN)

____________

Agribusiness:

Farm Bankruptcy Rate Low
(DBN)

____________

Labor:

Photos Show Kids Working in US Slaughterhouse
(DBN)

____________

New Bankruptcy Opinions
(5 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)

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:

US corporate bankruptcies at highest level since 2010
(DBN)

______________

Cure Claims:

No Cutting the (Priority) Line!: Incidental Beneficiaries to Assumed Contracts and Leases Cannot Assert Cure Claims Against Debtors
(DBN)

____________

Sales:

Fifth Circuit Holds that Section 363(m)’s “Good Faith Purchaser” Protection Applies to Secured Creditor that Used “Economic Leverage” in Connection with Credit Bid for Assets
(DBN)

Chilling Bidding as a Limit on Credit Bidding: The Pockmarked Path from Philadelphia Newspapers to RadLAX to Fisker and Lance-Star
(DBN)

____________

Mass Torts:

Crump: Abuse victims set to sue Baltimore Archdiocese
(DBN)

____________

Proofs of Claim:

Don’t Forget! – the Importance of Filing Proofs of Claim
(DBN)

____________

Franchises:

Delaware Bankruptcy Court Grants Motion to Dismiss Time-Barred Claims for Breach of Franchise Agreement
(DBN)

____________

Aviation:

Wheels Up founder steps down as losses mount, potential bankruptcy looms Delta Partner Wheels Up May Go Bankrupt With A Billion Dollars In Customer Flight Credits. What Should You Do?
(DBN)

Airlines, FAA, weather? Data shows fault for delayed, canceled flights
(DBN)

Virgin Galactic quarterly loss widens while company preps for spaceflight return this month
(DBN)

NCLT Admits Go First Into Insolvency, Places Moratorium On Aircraft Leases NCLT says resolution professional to take over carrier India's Go First seeks revival after court grants bankruptcy protection India's Go First airline gains bankruptcy protection, lessors' woes deepen The engine dispute at the heart of Go First's bankruptcy filing Pratt & Whitney to oppose Go First's push to enforce arbitration, says report Lessors continue to request Indian authorities deregister Go First aircraft
(DBN)

Ryanair Wins EU Court Fight Over Pandemic Aid for Lufthansa, SAS
(DBN)

____________

Student Debt:

A group of scammers cheated student-loan borrowers out of $12 million by misleading them about repayment programs and 'loan forgiveness that did not exist,' a federal watchdog says
(DBN)

____________

Banking:

Banking stress emerges as major concern for financial stability
(DBN)

U.S. financial system: 722 banks under threat of bankruptcy
(DBN)

The Fed shouldn’t be regulating banks
(DBN)

'Shark Tank' investor Kevin O'Leary says more weak banks should be allowed to fail and the regional banking system is obsolete
(DBN)

ECB Criticizes Bank Industry for Still Being a ‘Man’s World’
(DBN)

Regulators Raise the Alarm on a Potential Market Risk
(DBN)

Banks must update their tactics as the clouds of litigation gather
(DBN)

____________

Autos:

Lucid Might Be The Next EV Maker To Go On Death Watch Lucid Loses $779 Million in First Quarter
(DBN)

____________

Climate:

9 states, DC and NYC call for federal action on gas stoves
(DBN)

____________

Personal Finance:

Financial advisors break down 4 dangerous loans to avoid when you need money fast
(DBN)

____________

Sovereigns:

Sri Lanka’s Creditors Hold Inaugural Debt Meet as China Observes India's $1 billion credit line extended by a year
(DBN)

Pakistan Default Risk Grows as Khan Arrest May Delay IMF Deal
(DBN)

____________

UK:

Bank of England set for 12th straight interest rate hike, but the outlook remains murky
(DBN)

____________

EU:

EU Banks Face Tougher Supervision Than Many in US, Villeroy Says
(DBN)

ECB Is Near the End of its Interest-Rate Hiking, Stournaras Says ECB May Be Coming to Final Stretch of Rate-Hiking, Nagel Says
(DBN)

____________

Russia:

McConnell predicts US aid will flow to Ukraine ‘for a good deal longer’
(DBN)

US announces $1.2B Ukraine aid package ahead of counteroffensive
(DBN)

Russia's version of NATO is crumbling, with even some of its closest allies frustrated by Putin's war in Ukraine
(DBN)

Russia's economy will be frozen for a long time as it relies more on China and 'yuanization,' think tank says
(DBN)

The 'implosion of Russia as a great power' has opened the door for China to capitalize on Moscow's weakening economy
(DBN)

Russia’s losses are worse than anyone thinks
(DBN)

Wagner chief to Putin: Don’t trust your top generals Wagner warlord boasts he has secured ‘all the ammunition we need’ to take Ukrainian city
(DBN)

Europe Forced to Pay Up for Oil Like Russia’s as Options Run Low
(DBN)

____________

Germany:

German regulator warns of a ‘nervous time’ for banks, predicts stress in the property market
(DBN)

____________

Mexico:

How El Chapo’s sons built a fentanyl empire poisoning America
(DBN)

____________

Singapore:

Bankruptcy applications up to 959 in Q1 and may rise further; property foreclosures yet to pick up
(DBN)

____________

China:

China Junk Dollar Bonds Hit Five-Month Low as Worries Spread
(DBN)

The Elusive Fix for China’s Budget Crisis
(DBN)

____________

Spain:

Downgrades pile up for stricken Spanish trade finance ABS
(DBN)

____________


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