May 16, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Associates Are Growing Increasingly Worried About Layoffs
(DBN)

Yet Another Top Biglaw Firm Is Using Bonus Threats To Get Associates Back To The Office
(DBN)

Big Law Lawyers Are on TikTok. Their Firms Are Conflicted
(DBN)

How lawyers can embrace their inner ‘chicken’
(DBN)

Why lawyers in Young Slime Life trial got a free lunch from strip club
(DBN)

ABA Journal named Magazine of the Year by business publication editors
(DBN)

It's Time To Face The Fact That The LSAT Might Be Immortal
(DBN)

Fox's law firm distances itself from Tucker Carlson as host's firing ripples into bias case
(DBN)

The High Cost Of Freedom: Britney Spears Pays Biglaw Firm More Than $4 Million In Legal Fees
(DBN)

DeSantis tweets support for Marine charged in NYC subway chokehold death
(DBN)

Possibility of 'popular revolt' about gun control, Sen. Chris Murphy says
(DBN)

Texas sends more migrants to vice president’s house US homeland security chief says border crossings are down 50% since Title 42 expiration
(DBN)

Trump mum on whether he’d support six-week abortion ban like DeSantis signed
(DBN)

The Collateral Estoppel Effect Of Last Week's Carroll Decision At The Second E. Jean Carroll Defamation Trial
(DBN)

Trump Asks Judge To Reopen Twitter LOLsuit Citing 'Twitter Files'
(DBN)

Bombshell lawsuit accuses Rudy Giuliani of demanding employee perform oral sex while he talked to Trump on the phone Rudy Giuliani said he and Trump were selling pardons for $2m apiece, ex-aide claims Rudy Giuliani sex abuse claims: Accuser sues under same law behind E. Jean Carroll v. Trump verdict
(DBN)

Prosecutor ends probe of FBI's Trump-Russia investigation with harsh criticism, but no new charges Trump-Era Special Counsel Blasts FBI Conduct in Russia Probe Durham report on Trump-Russia investigation: What led to it and what happens next Takeaways from the Durham Report Weissman Slams Durham Report Report Finds No Deep State Plot Against Trump Durham Found Troubling Russian Contacts
(DBN)

Georgia prosecutor fights back against Trump attempt to remove her from election probe
(DBN)

Wisconsin judge allows for lawsuit against fake Trump electors to proceed
(DBN)

Nikki Haley: Federal abortion ban is unrealistic
(DBN)

3 judges who chipped away abortion rights to hear federal abortion pill appeal
(DBN)

States seeking greater reach for their abortion laws may turn to Supreme Court’s pig-welfare decision
(DBN)

NYC hospital ‘Karen’ blasted for allegedly trying to steal CitiBike from young black man
(DBN)

Justice Thomas warns death-row inmate's request to use nitrogen hypoxia could be delay tactic
(DBN)

A Broken Door in San Francisco Spotlights City's Struggles With Crime
(DBN)

Derek Chauvin's ex-wife will spend 20 days in jail and pay $38,000 after she admitted to evading taxes for 6 years
(DBN)

Elon Musk was just subpoenaed by the US Virgin Islands in its Jeffrey Epstein lawsuit against JPMorgan
(DBN)

Cash App founder Bob Lee was having an affair with the sister of his alleged killer, friends say Cash App founder Bob Lee was part of an underground party scene of sex and drugs called 'The Lifestyle' prior to his death, report says
(DBN)

DA: Clerk at Massachusetts liquor store tried to cash $3M lottery ticket left behind by customer
(DBN)

New Mexico gunman who killed 3 and injured 6 shot randomly at cars, houses, police say No motive disclosed after New Mexico shooting kills 3, injures 2 police officers
(DBN)

FBI Criticized for Mass Shooting Survival Video
(DBN)

TX: Sonic worker killed by 12-year-old with AR-15 rifle, police say
(DBN)

A couple's wedding plans were upended after their hotel room block was canceled to accommodate asylum seekers rerouted from New York City NYC sued by two counties over 'sanctuary city' mayor shipping migrants to upstate hotels
(DBN)

Man bonds out of jail and 5 minutes later steals military truck, leading authorities on chase: Cops
(DBN)

Did a clothing-optional resort in Key West discriminate against a woman? It’s up to judge
(DBN)

A man arrested for DUI tried to change places with dog, police say
(DBN)

Mexico asks Texas to halt costly cargo inspections; will file USMCA complaint
(DBN)

Jewish teacher arrested for threatening students who drew swastikas, police say
(DBN)

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Judges:

Supreme Court to take up Trump DC hotel dispute Supreme Court wades into Trump hotel records fight Can US lawmakers sue for information on Old Post Office lease to Trump company? SCOTUS to decide
(DBN)

Supreme Court to decide South Carolina racial gerrymander case South Carolina's Racial Gerrymandering Is Headed To The Supreme Court SCOTUS May Make Gerrymandering Worse
(DBN)

U.S. Supreme Court spurns dispute over Monsanto class-action settlement
(DBN)

Co-workers could bear costs of accommodating religious employees in the workplace if Supreme Court tosses out 46-year-old precedent
(DBN)

Yale Law Professor Writes Weirdest Defense Of Clarence Thomas Yet
(DBN)

Connecticut high court nominee regrets signing 2017 letter supporting Amy Coney Barrett
(DBN)

Oregon’s former top administrative judge gets prison time in child pornography case
(DBN)

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Wall Street:

Stock futures slip as traders await debt ceiling negotiations
(DBN)

Debt ceiling drama and cracks caused by rate hikes could send the stock market lurching towards a sell-off as volatility batters investors, BlackRock says
(DBN)

How Wall Street is preparing for possible US debt default
(DBN)

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Layoffs:

Vodophone to Fire 11,000 Workers
(DBN)

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Tech:

Tech stocks aren't immune to economic pain - and could be the next domino to fall, Morgan Stanley advisor says
(DBN)

Entering the singularity: Has AI reached the point of no return?
(DBN)

AI 'digital workers' are cutting tasks that used to take a month down to 10 minutes in New Mexico. Employees love it.
(DBN)

This Neo-Nazi Gets Paid to Groom Children. Who’s Supporting This?
(DBN)

____________

Economy:

America is entering a Forever Labor Shortage
(DBN)

The world is surviving a stronger dollar
(DBN)

New York Manufacturing Index Plunges Most Since April 2020
(DBN)

Consumer Debt Crosses $17 Trillion for First Time
(DBN)

Stocks and bonds are sending conflicting messages about whether there will be a recession, JPMorgan says
(DBN)

A key economic bellwether hits a 4-month low as global growth sputters
(DBN)

NY Fed Q1 Report: Household Debt Increases, Mortgage Loan Growth Slows
(DBN)

Fed’s Bostic, Goolsbee Favor Policy Pause to Watch Credit Impact
(DBN)

Fed’s Bostic Says He Doesn’t See Rate Cuts Until Well Into 2024
(DBN)

Fed's Barkin not yet convinced inflation heading steadily lower
(DBN)

Fed’s Goolsbee Says Impact From Rapid Rate Hikes Still to Come
(DBN)

US Households Show Signs of Stress as New Delinquencies Rise
(DBN)

McCarthy says White House wants ‘default more than a deal’ Kevin McCarthy says he is still 'far apart' on a debt ceiling solution with Biden, warning they need a deal by the end of this week to avoid an economic catastrophe Yellen holds firm on potential June 1 debt ceiling deadline For Biden, negotiating the debt ceiling may be the safest option Biden on debt ceiling talks: ‘I’m a congenital optimist’ How the Supreme Court might view the debt limit fight Washington’s Window for Resolving the US Debt Ceiling Is Closing Republicans move to deflate Biden's message that they're cutting veterans funding Treasury Deputy Secretary Urges Congress to Lift Debt Limit, Rejects Platinum Coin Avoiding default is hard. Avoiding a downgrade is harder 4 plausible ways to avert a catastrophic U.S. default without raising the debt limit Murphy: Biden’s using 14th Amendment for debt ceiling would ‘absolve Congress from being adults’ Don’t Believe Donald Trump: A Failure to Raise the Debt Ceiling Would Be Disastrous House GOP pushes Senate to cancel recess over debt ceiling Yellen Again Warns on Debt Default A US debt default will have 'unquantifiable' adverse consequences and unthinkable long-term implications, Wall Street experts warn
(DBN)

US default will see Bitcoin become a more trusted safe haven asset than the dollar, survey says
(DBN)

Low fertility rates, high housing prices mean fewer children in most states
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Housing May 15th Weekly Update: Inventory Increased 0.2% Week-over-week
(DBN)

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.51% in April"
(DBN)

Chicago’s Empty Towers Threaten Future of Finance Trading Empire
(DBN)

Cincinnati developer Ray Schneider will retain property control amid bankruptcy filing, judge rules
(DBN)

____________

Oil/Gas:

Europe Risks LNG Terminal Glut as Renewable Energy Edges Out Gas
(DBN)

Honda to End Gasoline Lawn Mower Production
(DBN)

____________

Crypto:

Bitcoin is a bubble with 'no inherent value and is terribly overpriced,' top economist Steve Hanke says
(DBN)

BlockFi to Liquidate Crypto Lending Platform, Over $1B on the Line in Litigation
(DBN)

BlockFi used customer money to buy $30M insurance, creditors claim
(DBN)

BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management
(DBN)

____________

Politics:

How Florida became a conservative bastion
(DBN)

Trump-backed candidate widens lead in bruising Kentucky governor primary: poll Trump leads GOP field by 56 points in Kentucky: poll
(DBN)

Did court fail to ‘disentangle race from politics’ when it overturned voting map? SCOTUS to decide
(DBN)

GOP fears Trump’s problems with suburban women will only get worse
(DBN)

Trump pushes back on DeSantis ‘culture of losing’ comment: ‘Ron is not a winner’ Trump puts DeSantis in a bind on 2020: Can he bring himself to say Trump lost?
(DBN)

Christianity Today Chief Torches Trump Over Sexual Abuse Case — Drops Jesus Quote When Chuck Todd Asks If He’ll Ever Vote Trump
(DBN)

Trump tells former adviser Michael Flynn: 'We’re going to bring you back'
(DBN)

Donald Trump Betrayed the Country. And It Worked.
(DBN)

Evangelical leader: Congregations are ‘either divided or tense’ over Trump controversies The Religious Landscape is Undergoing Massive Change. It Could Decide the 2024 Election.
(DBN)

Manchin ratchets up battle with Biden
(DBN)

Feds to Drop Charges Against Andrew Gillum
(DBN)

GOP lawmaker dings McCarthy for ‘demonizing’ illegal immigrants
(DBN)

Reality finally comes for California’s reparations plan
(DBN)

Inside the Biden split with NY Mayor Eric Adams
(DBN)

Virginia congressman says staff attacked by assailant who was looking for him
(DBN)

____________

Gig Economy:

American workers face war on right to earn a living
(DBN)

____________

Religion:

US Religious Landscape in Serious Change
(DBN)

Rising number of Americans are switching religions
(DBN)

____________

Agribusiness:

Florida's new immigration law creates 'panic' in agriculture community
(DBN)

E-Verify system in Florida aimed at scaring off workers in worst jobs. Who will fill in?
(DBN)

____________

Climate:

Tropical Cyclone Mocha's intensification fits climate-driven pattern
(DBN)

____________

New Bankruptcy Opinions
(5 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 (3 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:

Big firms are filing for bankruptcy left and right — and it's just the beginning
(DBN)

Credit Crunch Fuels 48-Hour Bankruptcy Rush With Seven Filings
(DBN)

Private equity giant TPG's latest deal bets on wave of corporate failures
(DBN)


______________

Sovereign Immunity:

Justices reject claim of immunity in Puerto Rico public records dispute
(DBN)

____________

Means Testing:

Bankruptcy Means Test Inflation Adjustment for Family of Two Goes the Wrong Way
(DBN)

____________

Service:

Bankruptcy Court Authorizes Service of Subpoena on U.S. Nationals Through Social Media While Prohibiting the Issuance of Subpoena on Foreign Nationals Abroad
(DBN)

____________

Aviation:

SAS Given Green Light for Equity Solicitation Process
(DBN)

Go First backs emergency arbitration in Pratt & Whitney dispute
(DBN)

Go Air: Banks play safe on lending to airlines after Go Air bump - The Economic Times
(DBN)

____________

Student Debt:

Biden's plan to give millions of student-loan borrowers who fell behind on payments a fresh shot at debt relief is working
(DBN)

If Supreme Court blocks student debt relief, 1965 law could be ‘Plan B’
(DBN)

____________

Mass Torts:

Purdue Pharma is asking a judge to approve nearly $22 million in employee bonuses
(DBN)

____________

UK:

Britain's disgraced Prince Andrew is refusing to downgrade from his 30-room royal mansion to 5-bed Frogmore Cottage, Harry and Meghan's old home
(DBN)

____________

Retailing:

Home Depot posts worst revenue miss in about 20 years, lowers forecast as consumers delay big projects
(DBN)

Target wants shoppers to think of it for groceries as retailer braces for leaner spending
(DBN)

A college student has been obsessively tracking Bed Bath & Beyond's closing sale deals in the New York City flagship store and viewers are eternally grateful
(DBN)

____________

Autos:

Automakers and dealers are playing a game of chicken — and customers could be the winners
(DBN)

Musk tells Tesla staff he must approve all hiring
(DBN)

Average Age of Cars Continues to Grow
(DBN)

Regulators Order Recall of 67M Airbag Inflators
(DBN)

____________

Banking:

Former Silicon Valley Bank CEO says no bank could have survived what it faced
(DBN)

'Big Short' investor Michael Burry piled into First Republic, PacWest, and other ailing bank stocks last quarter
(DBN)

____________

Education:

College enrollment decline makes me fear for U.S. competitiveness
(DBN)

Gov. DeSantis signs bill defunding diversity programs at public colleges
(DBN)

Two Florida moms are at the center of the fight against book banning in America
(DBN)

Forget that $90,000 sticker price: College costs are actually going down
(DBN)

I'm an educator and grandson of Holocaust survivors, and I see public schools failing to give students the historical knowledge they need to keep our democracy strong
(DBN)

____________

Media:

In Vice’s last days before bankruptcy, a mad dash for cash, frozen accounts and unpaid debts
(DBN)

Vice is going bankrupt, BuzzFeed News is dead. What does it mean?
(DBN)

How Vice Media Became a Money Pit
(DBN)

Forget Fox News: The Art of the Company Apology Is Not Dead, Yet
(DBN)

____________

Russia:

Putin’s Reportedly Had to Ban His Top Officials from Quitting as Ukraine War Falters
(DBN)

Russia should nationalize main parts of its economy to boost war efforts, says Kremlin law enforcement official
(DBN)

US jets intercept six Russian warplanes near Alaska
(DBN)

UK promises more aid to Ukraine as Zelensky visits London
(DBN)

France to give Ukraine more armored vehicles and light tanks, Macron and Zelenskyy say after surprise summit
(DBN)

The end of Ukraine aid is rapidly approaching. Reupping it won’t be easy
(DBN)

Russia scrambles jet as France, Germany conduct NATO patrols
(DBN)

Russia says European armed forces treaty contrary to its security interests
(DBN)

NATO chief: Expect deal on helping Ukraine reach alliance standards
(DBN)

Russia's new drone strikes are to create the impression of limiting Ukraine's counteroffensive but are having little actual impact, experts say
(DBN)

Russia launches ‘exceptional’ air attack on Kyiv as Europe, China look to exert influence
(DBN)

____________

China:

China’s economic data misses expectations as economy continues to show uneven recovery
(DBN)

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