May 12, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

This Biglaw Firm's Largest Office Is Virtual -- And It Helped Bolster A Fantastic Financial Performance
(DBN)

Dechert cuts London jobs citing ‘market challenges’
(DBN)

It Takes Quite A Bit To Make Equity Partner At This Biglaw Firm
(DBN)

Solicitor General Offers Legal Writing Advice Not At All Directed At A Very Specific Biglaw Firm
(DBN)

Alleged cut-and-paste mistake wasn't reason for client's claimed $636M loss, Proskauer argues
(DBN)

Former Proskauer COO withheld raises to create resentment, spur moves to new firm, amended suit says
(DBN)

The 2024 U.S. News Law School Rankings Are Here
(DBN)

The Secret Ingredient To Building An Incredible Book Of Business? Be Human.
(DBN)

How lawyers can take advantage of ChatGPT and other large language models disrupting the legal industry
(DBN)

In-house lawyers tell firms to lower the salaries of their juniors
(DBN)

Paralegal who spied for criminals jailed
(DBN)

FBI declines GOP subpoena on Biden ‘alleged criminal scheme’ McCarthy says he’ll call FBI director over subpoena in Biden probe Republicans allege Biden family earned millions from shady overseas deals
(DBN)

Justice Department seeks to prevent Trump deposition in lawsuits by ex-FBI officials
(DBN)

E. Jean Carroll May Sue Trump a Third Time After ‘Vile’ Comments on CNN Sex-assault survivors unleash firestorm after CNN let Trump try to re-victimize E. Jean Carroll at town hall Trump notifies court he plans to appeal $5 million E. Jean Carroll verdict
(DBN)

Trump Suggests He Knowingly Took Documents From White House Trump's comments on Mar-a-Lago documents 'like red meat to a prosecutor'
(DBN)

Trump: I Never Told People to Find 11,780 Votes
(DBN)

Men who cheated in walleye tournament learn their sentences
(DBN)

The Right’s Assault on Divorce Will Put More Women at Risk
(DBN)

Texas mall shooter among growing number of Hispanic white supremacists
(DBN)

Man accused in deadly shooting at Taiwanese church in California is indicted on 98 charges
(DBN)

Three-judge panel poised to uphold Jan. 6 obstruction cases
(DBN)

Title 42 Immigration Ban Expires Senate seeks long shot solution with Title 42 deadline on deck Legal challenges threaten to upend Biden's border plan as Title 42 ends Florida federal judge temporarily blocks Biden’s migrant parole policy As the border heats up, Dems fracture over a migration solution Migrants describe the dangerous journey aboard freight trains Migrants wait for chance to enter U.S. after end of pandemic-era restrictions With Title 42 ending, here's where migrants at the southern Texas border are coming from NYC sends first bus of asylum-seekers to suburbs despite backlash Both Biden and Trump sent troops to the border. That’s where the similarities end. All eyes on Biden as the Title 42 impact hits far beyond southern border As NYC Tries To Bus Migrants Out, Texas Set to Bus More In Mayorkas: It’s a 'sad' and 'tragic' day when politicians bus migrants for political purposes Cities scramble to prepare for deluge of migrants following immigration change Migrants rush across US border in final hours before expiration of Title 42 ‘It will get worse.’ Asylum officers, Secret Service agents and troops have surged toward border with Title 42’s expiration hours away The Expiration of Title 42 Is a Reality Check House Republicans set to pass new asylum restrictions as Title 42 ends; Biden promises veto This Isn’t the Immigration Agenda Joe Biden Campaigned On
(DBN)

From guns to immigration, here’s how Texas’ challenges echo the country’s
(DBN)

‘Abortion Trafficking’: Taking A Minor Out Of State For An Abortion Is Now A Crime In Idaho
(DBN)

Alabama considers potential murder charge for abortion, equal protection for 'preborn children'
(DBN)

California AG launches civil rights probe into Antioch police
(DBN)

SC: Man Sues After Cops Shoot at Him 47 Times
(DBN)

Gun accessory maker sued by New York AG for alleged liability in Buffalo race massacre
(DBN)

Texas Solution to School Shootings: Teach Kids to Use Battlefield Tourniquets
(DBN)

Judge in Virginia says law banning sales of handguns to young adults is unconstitutional
(DBN)

Unanimous Supreme Court gives transgender woman from Guatemala new chance to fight deportation Alito, Thomas support transgender asylum seeker's fight against Biden while deftly avoiding pronouns
(DBN)

JPMorgan CEO Dimon ‘so sad’ bank had relationship with Jeffrey Epstein
(DBN)

New York City passes bill banning weight discrimination
(DBN)

NYC subway rider who put Jordan Neely in fatal chokehold to be charged with manslaughter
(DBN)

Driver in golf cart wedding crash had blood alcohol level more than three times legal limit
(DBN)

DNA from discarded cigarettes helps convict man who raped and killed teen in 1991 cold case
(DBN)

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Judges:

Judiciary Ends COVID Emergency; Study of Broadcast Policy Continues Judiciary’s Covid-Era Broadcasting to Sunset as Emergency Ends
(DBN)

Feinstein return allows Judiciary Committee to advance three stalled nominees Feinstein's return fails to unstick controversial judicial nominee
(DBN)

Chertoff, who endorsed Supreme Court’s leak investigation, warns judges to stay vigilant
(DBN)

Clarence Thomas, who accepted lavish gifts from a billionaire, argued that a law prohibiting taking bribes is too vague to be fairly enforced
(DBN)

Thomas' Timeline of Gifts and Rulings Isn't Pretty
(DBN)

Jackson joins 3 conservative dissenters as Supreme Court upholds California’s pig welfare law
(DBN)

Montana judge gets unpaid suspension for courthouse hallway comments
(DBN)

Bad Judgment Call: New York Judge Gets Removed For Making Sexual Comments To Attorneys, And More
(DBN)

Parkland judge says she is leaving bench to take her career 'in a more creative direction'
(DBN)

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Wall Street:

Stock futures rise Friday as regional banks try to rebound
(DBN)

Dow falls more than 250 points after disappointing Disney results, slide in PacWest Bancorp
(DBN)

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Layoffs:

Stock futures rise Friday as regional banks try to rebound
(DBN)

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Retailing:

Q1 2023 U.S. Retail Preview: Restaurants Outperform Retail
(DBN)

Get ready to pay up to $10 for making a return, as more companies charge fees for shipping an item back
(DBN)

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Education:

Mother of boy who shot Virginia teacher said her son felt 'ignored'
(DBN)

Why Republicans Are Targeting Professors' Job Security
(DBN)

CO: Even Republicans Fed Up with MAGA School Board
(DBN)

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Fraud:

Supreme Court reverses Cuomo aide’s bribery conviction Supreme Court throws out convictions in sweeping New York corruption probe
(DBN)

The Woman Who Bilked Reagan’s Hometown Out of $54 Million
(DBN)

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Autos:

Tesla shouldn't call driving system Autopilot because humans are still in control, Buttigieg says
(DBN)

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Sports:

Suns/Mercury Move From RSN To DTC Service Voided By Bankruptcy Judge Bankruptcy Court Voids Gray Television Deal With Phoenix Suns, Mercury
(DBN)

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Economy:

Weekly Initial Unemployment Claims increase to 264,000
(DBN)

US stocks trade mostly lower as fresh economic data spurs new recession fears
(DBN)

Stocks are in an earnings recession and a downturn could sneak up on the economy this quarter, economist David Rosenberg says
(DBN)

Fed's Bowman: more policy tightening likely appropriate
(DBN)

Many Americans are relying on credit to spend, fending off an economic slowdown
(DBN)

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead
(DBN)

Job satisfaction hits highest point in decades
(DBN)

Dissecting the US Public Debt Clause Yellen plans to huddle with Wall Street bankers as default looms Biden and Hill leaders postpone debt meeting as deal talks continue The eight-year gap splitting negotiators on a debt deal Pentagon leaders warn debt default could endanger troops’ pay Pentagon chiefs: Debt default is bad for troops, good for China Jeffries: Trump default comments complicate debt talks Senate conservatives break with Trump’s debt ceiling comments Biden draws first red line in debt ceiling negotiations with one law as untouchable Jamie Dimon warns panic will overtake markets as U.S. approaches debt default Debt default would increase housing payments by 22 percent: Zillow Here’s how we know a US default would be an economic disaster Jamie Dimon warns US debt default is 'potentially catastrophic,' says JPMorgan has a 'war room' Biden swipes at 'MAGA Republicans' over firefighter and conservation jobs Kevin McCarthy's Quiet Win Is a Big One
(DBN)

More Wives Now Outearn Husbands. They Also Stay Together Longer - WSJ
(DBN)

5 Gen Zers and millennials who make more than $100,000 a year explain how they spend their salaries — and whether they feel like they've 'made it'
(DBN)

Republican Sen. Bill Cassidy wants to save Social Security. Will Washington let him?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The Ugly Truth Behind “We Buy Ugly Houses”
(DBN)

Realtor.com Reports Weekly Active Inventory Up 31% YoY; New Listings Down 16% YoY
(DBN)

Empty Office Space Could Lead to Meltdown
(DBN)

Part 1: Current State of the Housing Market; Overview for mid-April
(DBN)

MBA: "Mortgage Delinquency Rate in First-Quarter 2023 Declines to Second-Lowest Level in MBA’s Survey"
(DBN)

Potential homebuyers are locked in on Northeast Dallas—more than any other U.S. neighborhood Dallas now ranks among least affordable cities for prospective homebuyers
(DBN)

Hamptons summer rentals are poised to take a hit this year, brokers say
(DBN)

Mesa mega-park owners file for bankruptcy
(DBN)

Attorneys Expect Dismissal Of Roxby Bankruptcy Cases
(DBN)

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Municipalities:

Supreme Court rules against Puerto Rican journalists seeking records from financial oversight board
(DBN)

NYC, Chicago Clash With Biden as Migrant Surge Crushes Cities’ Finances
(DBN)

____________

Oil/Gas:

Wind is Now #1 Source of Electricity in England
(DBN)

____________

Media:

Tucker Carlson’s Twitter plans amplify tensions with Fox News
(DBN)

CNN to offer Don Lemon’s former co-host Kaitlan Collins primetime slot: report
(DBN)

Nina Jankowicz’s defamation suit adds to Fox News’ legal problems
(DBN)

How MTV Broke News for a Generation
(DBN)

____________

Pharma:

GOP law cut Big Pharma tax rates by 40%, Senate report says
(DBN)

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Politics:

Americans Don’t Trust Anybody. Can We Still Fix That?
(DBN)

Criminal investigation into Sen. Bob Menendez expands with new subpoenas
(DBN)

GOP senator says he won’t support Trump in 2024: ‘Where do I begin?’
(DBN)

DeSantis Team To Trump: Wait and See
(DBN)

Schumer slams Tuberville’s ‘revolting’ comments on white nationalists
(DBN)

GOP senator roasts Trump after town hall: 'He’s the shortest path to losing'
(DBN)

Trump Doral event has speakers who have praised Hitler
(DBN)

Suddenly, a Biden-Trump rematch doesn’t seem so inevitable
(DBN)

Can Trump cure all of Biden's ills? Some Dems aren't so sure.
(DBN)

The Drug-Fueled Protest in Dianne Feinstein’s Office You Haven’t Heard About
(DBN)

Town Hall Nabs Only 3.12 Million Viewers CNN faces harsh criticism after Trump unleashed a firehose of lies during its live town hall CNN’s Oliver Darcy Reports CEO Chris Licht and Network are ‘Facing Fury of Criticism’ Within Company After Trump Town Hall CNN's own employees are disparaging the Trump town hall CNN Chairman Defends Decision to Host Trump Town Hall ‘America was served very well by what we did last night’: CNN chairman defends Trump town hall Ocasio-Cortez hits CNN chief over Trump town hall: ‘Disservice to democracy’ We Had ChatGPT Answer CNN’s Questions for Donald Trump
(DBN)

Disney's Bob Iger taunts Florida with an ominous threat: 'Does the state want us to invest more, employ more, and pay more taxes — or not?' Note to Florida: 74 Million Visited Orlando in '22
(DBN)

Five things to know about George Santos’s indictment
(DBN)

Manchin attacked EPA’s new rules. They could cost him millions.
(DBN)

Cash for slavery reparations gets cool response from California officials
(DBN)

State Rep. James Talarico: Christian nationalism in Texas is an ‘oxymoron’
(DBN)

Alabama Republican blasts an effort to rid the military of white nationalists
(DBN)

Republican front-runner for North Carolina governor attacked civil rights movement: ‘So many freedoms were lost’
(DBN)

____________

Healthcare:

Lawmakers approve stopgap funds for California's hospital crisis
(DBN)

U.S. Covid public health emergency ends, leaving behind battered health system
(DBN)

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Agribusiness:

Forget Uber Eats. Modern-day homesteaders prefer to live off the land.
(DBN)

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Food/Beverage:

Bankrupt Wine Company Owes Millions In Bottles, Customers Left Wondering What Went Wrong and Where the Wine Went
(DBN)

Catch them while you can! The eight beloved fast food chains, including Krispy Kreme, that are slowly disappearing across America
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (5 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 Research:

Researchers found a surefire predictor of success — and what separates those who find it from those who keep failing
(DBN)

____________

Appeals:

Decision regarding Sears’ Retail Space in Mall of America Bankruptcy: Section 363(m) Is Not a Jurisdictional Statute
(DBN)

____________

Mass Torts:

J&J talc victim group seeking $30B in fraudulent conveyance complaint Committee Representing Talc-Related Cancer Victims Files a Motion Seeking Standing to Pursue a $30 Billion Fraudulent Conveyance Complaint
(DBN)

____________

Miscellaneous:

Elizabeth McColm and Sean Mitchell Author “USA” Chapter in ICLG – Restructuring & Insolvency 2023
(DBN)

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Aviation:

Airline issues leading cause for flight delays, federal data shows
(DBN)

Wheels Off At Wheels Up, Possibly Affecting Others In Private Aviation Industry
(DBN)

Pratt & Whitney says faces higher risks after Go First filed for bankruptcy KLM Is Having Difficulty With Embraer E2 Aircraft Amid P&W Engine Issues
(DBN)

Why Airbus and others are betting on hydrogen-powered planes instead of electric planes
(DBN)

Woman caught with 22 snakes in her luggage at airport
(DBN)

Aviation leasing watchdog issues warning to India over plane repossessions 'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis in India Lessors say airline may tinker with planes, use parts to service other aircraft Crisis in the skies 'Go First an insolvent airline, not a victim’: Pratt & Whitney at Delaware court Go First's Insolvency Petition A 'Smokescreen': Aircraft Lessor Tells NCLAT Clearer skies ahead? What happens to Go First Airlines after NCLT admitted its voluntary insolvency plea Go First promoters may find it tough to regain control of airline Go First insolvency: 'IRP is claiming aircraft that Go First doesn't own,' says lessor SMBC Aviation at NCLAT hearing
(DBN)

SpiceJet’s Singh insists there are no plans for insolvency
(DBN)

____________

Religion:

Rocked by sex abuse scandal, Southern Baptists shed half million members
(DBN)

Jury awards $95M to man who accused Upstate NY priest of child sex abuse
(DBN)

US Catholic cleric backed out of $1m settlement with sexual abuse victim
(DBN)

St. Clare’s pensioners want lawsuit against Albany Diocese restarted after bankruptcy filing
(DBN)

____________

Climate:

El Niño’s arrival is imminent and there’s a 90% chance it lasts all year, forecasters say El Niño forming quickly and could be "significant" event, NOAA finds
(DBN)

Biden's power plant rule could help revive an old idea about how to fight climate change
(DBN)

Challenge for Biden power rule: Keeping the lights on
(DBN)

US Oil Lobby Blasts EPA Emissions Plan
(DBN)

Pacific Northwest heat wave to break records, worsen Canada wildfires
(DBN)

____________

Banking:

SVB Financial Fights FDIC Over Seized Tax Refunds
(DBN)

FDIC proposes big banks pay to recover losses in SVB and Signature failures
(DBN)

Deposit outflows after SVB collapse concentrated among 'super-regionals' - New York Fed study
(DBN)

PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week
(DBN)

As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
(DBN)

JPMorgan CEO Jamie Dimon wants US regulators to consider a ban on the short selling of bank stocks
(DBN)

____________

Crypto:

BlockFi bankruptcy allows return of funds to non-interest-bearing account holders Bankruptcy Judge Approves $300M Payment to BlockFi Customers-Report BlockFi Customers Lose Battle To Recover $300 Million, U.S. Judge Says
(DBN)

____________

Tech:

Tech startups find one of their last funding sources shrinking up
(DBN)

Elon Musk says he’s stepping down as Twitter CEO, will oversee product Elon Musk says he's found a new Twitter CEO: 'She will be starting in ~6 weeks!'
(DBN)

Confessions of ChatGPT: ‘Interview’ with bot reveals fascinating, downright strange questions it’s often asked
(DBN)

Democracy isn't ready for its AI test
(DBN)

____________

UK:

Pre-Pack Regulation: Two Years On
(DBN)

Days After Crowning the King, Archbishop Condemns U.K. Migrant Plan
(DBN)

____________

Canada:

Consumer insolvencies spike to highest level since 2019
(DBN)

____________

Ireland:

Sean Dunne US bankruptcy case judge hits out at ‘enormous’ fees claimed by legal firm
(DBN)

____________

Russia:

UK giving Ukraine long-range cruise missiles
(DBN)

US Senators Accuse Pentagon Of Hindering War Crimes Prosecution Of Russia
(DBN)

U.S. Says S Africa Supplied Weapons, Ammunition to Russia - WSJ
(DBN)

Russia’s Kinzhal was never an unstoppable hypersonic missile, but the Patriot shot that killed one is still ‘impressive,’ expert says
(DBN)

Ukraine drives back Russian forces around Bakhmut in its first significant gains in months
(DBN)

____________

South Africa:

South Africa's currency eyes record low after US accuses the country of secretly selling weapons to Russia
(DBN)

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Italy:

Italian pasta prices are soaring. Rome is in crisis talks with producers
(DBN)

____________

MENA:

Israel kills senior Gaza commanders as rockets cause first death in Israel
(DBN)

____________

Spain:

KPMG incorporates new litigation and insolvency partner
(DBN)

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