May 19, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top 50 Biglaw Firm Overhired, And Now Associates And Staff Are Paying The Price
(DBN)

Clients Embrace Litigation Finance to Cut Costs in Tough Economy
(DBN)

Savills U.S. Law Firm Activity Report Q1 2023
(DBN)

Eversheds Sutherland Expands Finance Practice with Addition of Senior Counsel Jennifer B. Kimble
(DBN)

Are Higher Associate Salaries A Death Blow For 'Lifestyle' Law Firms?
(DBN)

Gen Z aspiring lawyers seek ‘friendly’ firms with good pay and top quality work
(DBN)

Generating outside counsel savings from disallowed costs
(DBN)

Firm appeals to new parents with 26 weeks fully paid leave
(DBN)

Simpson Thacher Tells Associates to Hit Office or Risk Bonuses
(DBN)

Kim Kardashian Aces Midterms, Conquers Constitutional Law Class
(DBN)

FAQs On Chat GPT For Solo And Small Law Firms
(DBN)

Retired state supreme court justice tapped to lead law school
(DBN)

Alex Murdaugh asks to be released from $4.3 million judgment in lawsuit by late housekeeper's sons
(DBN)

Super mom? Super judged
(DBN)

Clients 'perplexed' by their lawyers' attempts to socialize
(DBN)

Disgraced attorney Richard Merritt on trial for mother's murder
(DBN)

Revelations deepen sense that a grave moment approaches for Trump • Why former Trump White House lawyer thinks Trump will go to jail • National Archives officials testify that every administration since Reagan has mishandled classified material • Trump Claims Magical Declassification Powers As Archives Discloses Contradictory Docs To Special Counsel • Bill Barr says classified documents probe could leave Trump ‘very exposed’
(DBN)

E. Jean Carroll says ‘hundreds’ of people asked her how to sue their abusers since her win against Donald Trump
(DBN)

George Santos’ Charges Are a Bad Omen for Donald Trump
(DBN)

Trump 2020 lawyer indicated he may be target of Fulton County probe, court docs say
(DBN)

Why the Manhattan DA’s Trump Case Cannot Be Removed to Federal Court
(DBN)

Judge bans questions on 'Pink Beret' after target of Jan. 6 conspiracy theory is charged • Jan. 6 invader of Pelosi's office claims feds want to throw book at him 'because his case is famous'
(DBN)

Notes on the Durham Report: A Reading Diary
(DBN)

J.P. Morgan seeks documents from Manhattan DA in Epstein case
(DBN)

Jim Jordan’s FBI whistleblowers testifying before Congress as questions about their legitimacy remain • Dem lawmaker rips apart credibility of Jim Jordan's 'weaponization' witness • GOP witnesses undermined Jan. 6 cases with conspiracy theories, FBI says • Tensions flare in ‘weaponization’ panel hearing with sidelined FBI agents
(DBN)

Secret Docs Reveal Pentagon Leak Suspect Was Caught Pocketing Notes • DOJ says alleged Pentagon leaker sent documents to international community • Pentagon leak suspect was warned multiple times about mishandling of classified information • Intel leak suspect was caught twice taking notes on classified info but allowed to keep access, prosecutors say
(DBN)

8-year-old girl dies in Border Patrol custody as agency seeks to ease crowding
(DBN)

Man charged with killing 5-year-old who was found dead in a suitcase 9 years ago
(DBN)

Questions remain after manslaughter charges in New York subway killing
(DBN)

New Mexico shooter used three weapons, including AR-15, and left a note
(DBN)

Parents hope to keep Tennessee school shooter's 'dangerous and harmful' writings secret
(DBN)

ABC News crew spends year in Uvalde, documents journey of survivors, families of shooting victims
(DBN)

NJ governor says ‘everything is on the table’ if abortion pill is banned
(DBN)

Court Blocks Montana Abortion Ban
(DBN)

Southern courtesy, the ‘mail business thing,’ and other surreal moments from the abortion pill argument • ‘I don’t understand this theme that FDA can do no wrong,’ says 5th Circuit judge on mifepristone approval
(DBN)

Tuberville’s white nationalist comments roil military diversity debate
(DBN)

Florida judge rejects attempt by Tiger Woods' ex-girlfriend to throw out nondisclosure agreement
(DBN)

A 95-year-old great-grandmother with dementia is in hospital after being tasered by police for carrying a knife: reports
(DBN)

Deputy racing fellow deputy to nonemergency killed a mom and 2 daughters on Mother's Day: Lawsuit
(DBN)

Limo company owner found guilty of manslaughter in deadly 2018 crash that killed 20
(DBN)

‘You wanted it like this’: Arkansas husband could face death penalty after doctor wife who called 911 found in street with knife in her neck
(DBN)

Where ‘Conversion Therapy’ Is Still Legal
(DBN)

Wife of radiologist who drove Tesla off Calif. cliff with family inside said he did it 'on purpose,' unsealed docs reveal
(DBN)

Army vet who shouted 'Muhammad is a pedophile' convicted of murdering Muslim driver
(DBN)

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Judges:

BK SD FL: Courthouse Beacon News - May 2023
(DBN)

Supreme Court rules social media companies aren’t responsible for terrorism-related content posted on their sites
(DBN)

Supreme Court rules against Andy Warhol in copyright dispute over Prince portrait
(DBN)

The Supreme Court may soon reverse a core legal tenet
(DBN)

Elena Kagan Takes Shot at Sonia Sotomayor in Unusual SCOTUS Opinion Note: ‘I’ll Take My Chances on Readers’ Good Judgment’ • Kagan, Sotomayor write dueling opinions in SCOTUS fair-use ruling against Andy Warhol Foundation
(DBN)

Biden's push for more Latino federal judges
(DBN)

Senate panel hails rare unity on Biden nominee for 5th Circuit judge
(DBN)

Justice Stevens’ papers let researchers peek into Supreme Court’s inner workings
(DBN)

Federal circuit judge, 95, flunked security training, displayed hacking paranoia, exam order alleges
(DBN)

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Wall Street:

S&P 500 futures rise slightly on Friday morning
(DBN)

S&P 500 hits nine-month high on debt-deal signals
(DBN)

BofA Strategist Says Sell US Stocks as AI Seen Forming a Bubble
(DBN)

______________

Layoffs:

TuSimple to restructure US business, lay off 30% staff
(DBN)

'I Got to Break Free': Laid-Off Tech Workers Search For New Purpose Outside Silicon Valley
(DBN)

80 Layoffs expected at UTSA
(DBN)

Oracle cuts 3,000 jobs
(DBN)

British telecom giant BT to cut up to 55,000 jobs by 2030
(DBN)

Formstack announces more than 100 layoffs
(DBN)

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Hotels:

Occupancy Rate Down 2.0% Year-over-year
(DBN)

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Climate:

Wildfires rip across Canada as temperature records smashed by heat wave
(DBN)

‘It’s just crazy’: How the U.S.-China energy race imperils the climate fight
(DBN)

Climate Pledges Reach Threshold to Keep Warming Below 2C
(DBN)

Trillions on the line with El Niño
(DBN)

Exxon Says Reaching Net Zero Global Emissions by 2050 ‘Highly Unlikely’
(DBN)

Warming World Risks Adding 9 Million Deaths Annually, WHO Says
(DBN)

Vietnam Starts Planned Blackouts as Heat Stretches Grid
(DBN)

The Upper Atmosphere Is Cooling, Prompting New Climate Concerns
(DBN)

____________

Retailing:

‘It’s not people shoplifting’: Why retail is focused on organized crime
(DBN)

Walmart lifts annual sales, profit view on resilient consumer spending
(DBN)

The Pandemic-Era Spending Binge Is Hitting a Wall. Retailers Are Concerned
(DBN)

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Celebs:

Elon Musk Just Can’t Stop Posting Antisemitic Tweets
(DBN)

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Economy:

McCarthy sounding most optimistic he's been about a debt deal: 'I see the path' • Biden Pushes Momentum in Debt Talks as He Begins Summit in Japan • Freedom Caucus says ‘no further discussion’ on debt ceiling until Senate passes House GOP bill • Democrats warn Biden against cutting debt ceiling deal with McCarthy • New House bill would block pay for members of Congress if the U.S. defaults • White House Tells Debt-Limit Negotiators to Protect Gains on Drug Prices, Climate • Conservatives push for border bill to be added to debt ceiling negotiations • Kamala Harris makes the debt ceiling case to the American public • McCarthy Predicts US Debt-Limit Deal on House Floor Next Week • U.S. Democrats warn Biden against toughening aid for the poor • Ray Dalio says politicians will keep raising the debt limit - but doing so will lead to 'disastrous financial collapse' • Biden Faces Progressive Backlash Against Any Debt-Limit Concessions
(DBN)

US Default, China Decoupling Hangs Over G7
(DBN)

Weekly Initial Unemployment Claims decrease to 242,000
(DBN)

Americans Remain Discouraged About Personal Finances
(DBN)

More in U.S. Say Inflation Is Causing Financial Hardship
(DBN)

Initial jobless claims fall after drop in fake filings in Massachusetts • US Jobless Claims Tumbled Last Week After Fraud-Inflated Jump
(DBN)

US weekly jobless claims fall; labor market defying recession fears
(DBN)

Fed's Logan: data does not yet show June pause is appropriate • Fed’s Logan Doesn’t Yet See Case for June Rate Pause With Prices Still High
(DBN)

The Fed Considers Skipping a Hike in June — But Don’t Call It a Pause
(DBN)

Fed's Jefferson: Inflation "too high," but impact of high rates not full felt yet • Fed’s Jefferson Watching for Lagged Impact of Past Rate Hikes
(DBN)

US manufacturers can't shake that inflation feeling even as supply snarls ease
(DBN)

Once a fringe theory, "greedflation" gets its due
(DBN)

A record-breaking number of Americans are testing positive for weed on employment drug tests
(DBN)

Companies are using sneaky software and legal tricks to make you endlessly pay for stuff you already bought
(DBN)

Elon Musk's tirade about remote work being 'morally wrong' has tech workers up in arms, with some calling him a hypocrite
(DBN)

2023's States With the Highest Job Resignation Rates
(DBN)

Mapping net migration by county
(DBN)

Money Doesn't Buy Confidence in the Financial Sector
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Realtor.com Reports Weekly Active Inventory Up 23% YoY; New Listings Down 25% YoY
(DBN)

Housing market shifts are driving out some of the biggest home buyers in the country
(DBN)

Housing expert: Sellers are ‘just bowing out’ this spring
(DBN)

NAR: Existing-Home Sales Decreased to 4.28 million SAAR in April; Median Prices Declined 1.7% YoY
(DBN)

There’s one simple reason why US housing inventory is set to remain low for the foreseeable future
(DBN)

US home prices fall by most in 11 years but sales are down • U.S. existing home sales post second straight monthly decline
(DBN)

US commercial real-estate prices just fell for the first time in 12 years – and are likely to drop further, Moody’s warns
(DBN)

Mortgage Rates in US Resume Climb After Falling for Two Weeks
(DBN)

Why Wealthy Homebuyers Are Flocking to Puerto Rico - WSJ
(DBN)

Homeowners' mortgage refinance stimulus
(DBN)

A Debt-Ceiling Crisis Would Hit The Housing Market Like A Hurricane
(DBN)

NYC Skyscrapers Sit Vacant, Exposing Risk City Never Predicted
(DBN)

Uber offloading entire office building in SF
(DBN)

____________

Municipalities:

Puerto Rico Aims to Woo Wall Street and Put Bankruptcy in Rearview Mirror
(DBN)

Large cities regain population lost during pandemic
(DBN)

____________

Oil/Gas:

Shale-Oil Drillers Are Running Out of Places to Dump Toxic Wastewater
(DBN)

____________

Politics:

Democrats race to avoid a Biden embarrassment in New Hampshire
(DBN)

Ron DeSantis to enter 2024 presidential race next week • The Casey DeSantis Problem: ‘His Greatest Asset and His Greatest Liability’
(DBN)

Anti-Trump Republicans increasingly desperate to shake up race
(DBN)

DeSantis Signs His Slate of Hate Bills into Law • Tampa Pride event canceled after Ron DeSantis signs new Florida bill
(DBN)

The next election can't handle a world powered by ChatGPT
(DBN)

Greene plans to file articles of impeachment against Biden
(DBN)

Florida Republican moves to expel Schiff from Congress
(DBN)

House Ethics panel will continue investigating Rep. George Santos, despite charges
(DBN)

Disney scraps plans for new Florida campus, mass employee relocation amid DeSantis feud • Disney Scraps $1 Billion Office Complex in Orlando Amid DeSantis Feud • Hundreds of Disney employees had already relocated from California to Florida before the company axed its $1 billion campus in its escalating feud with DeSantis • Miami mayor says DeSantis ‘personal vendetta’ with Disney is costing state
(DBN)

Texas, Florida laws have Latinos rethinking where they live
(DBN)

Newsom slams McCarthy for failing to address California flood emergency
(DBN)

Feinstein’s primary caregiver: Pelosi’s daughter • Feinstein Suffers From Rare Nerve Disorder Triggered by Shingles
(DBN)

Tuberville finds himself at center of storm on abortion, white nationalism
(DBN)

Members of Congress aim to revive federal reparations push
(DBN)

DeSantis Is Set to Enter 2024 Presidential Race Next Week
(DBN)

Pete Buttigieg Loves God, Beer, and His Electric Mustang
(DBN)

Is Bernie Sanders happy?
(DBN)

Kari Lake's Election Lawsuit Fizzles in Court
(DBN)

____________

Banking:

Remember Credit Suisse? Reunited Bankers Would Rather Not
(DBN)

Bank That Makes Up Everything Else Also Made Up All The Progress It Said It Was Making On Not Making Up Everything Else
(DBN)

Top US Bank Regulators Promise Fast Action on Executive Bonuses and Pay
(DBN)

European Body To Review Question On Credit Suisse Bankruptcy Event
(DBN)

Credit Suisse neared its cash limits days before rescue, filing shows
(DBN)

Rebound in US regional bank stocks fizzles out
(DBN)

____________

Tech:

A secretive annual meeting attended by the world’s elite has A.I. top of the agenda • List of Participants
(DBN)

Workers want to embrace A.I. — but only 1 in 10 have related skills: Salesforce
(DBN)

Elon Musk told a Twitter advisor at 4 a.m. that the company would only pay rent over his ‘dead body,’ lawsuit says
(DBN)

College instructor put on blast for accusing students of using ChatGPT on final assignments
(DBN)

Supreme Court Leaves Intact Social Media Liability Shield in Win for Google, Twitter
(DBN)

AI Data-Center Boom Will Spur Energy Crisis, Chip CEO Warns
(DBN)

Where AI evolves from here
(DBN)

____________

Crypto:

FTX Seeks to Claw Back Over $240 Million From Embed Acquisition
(DBN)

____________

Tax:

Supreme Court Rules That IRS Can Request Bank Account Info Without Notice To Third Parties
(DBN)

____________

Newspapers:

Sam Zell, business tycoon whose purchase of L.A. Times led to financial disaster, dies
(DBN)

____________

Debt Blacklisting:

Apollo, Serta Settle Bitter Dispute Over Debt Blacklisting
(DBN)

____________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 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 Statistics:

Corporate America Faces a Bankruptcy Boom
(DBN)

______________

Appeals:

Section 363(m) of the Bankruptcy Code Is Not “Jurisdictional”
(DBN)

A Rule 59 motion doesn’t shorten the appeal clock when the district court doesn’t set out the judgment in a separate document.
(DBN)

____________

Subchapter V:

How the “Engaged In” Standard For Subchapter V Eligibility Is Easily Satisfied (In re Robinson)
(DBN)

____________

D&O:

What has You Worried? Notes from WTW’s 2023 D&O Survey
(DBN)

____________

Aviation:

Florida passes bill to prevent billionaires like Elon Musk and Jeff Bezos being sued if their mega-rockets kill or injure people
(DBN)

A woman says she had anaphylaxis and used 2 EpiPens on a flight after passengers were served nuts, but the plane didn't make an emergency landing
(DBN)

WestJet cancels 100-plus flights as pilot strike looms and customers scramble
(DBN)

India Government Wants Go First Flights to Resume as Soon as Possible -Minister
(DBN)

India’s Biggest Airline Posts Profit Short of Expectations
(DBN)

Canada’s WestJet Cancels Flights Ahead of Holiday Weekend
(DBN)

____________

Religion:

Deluged By More Than 330 Abuse Claims, Oakland Diocese Files For Bankruptcy
(DBN)

American churches remain largely segregated — with one exception
(DBN)

____________

Education:

DeSantis criticized for mandating Asian American history while banning courses on 'systemic racism'
(DBN)

Ron DeSantis’ ban of school diversity programs is coming to these states next
(DBN)

Most U.S. Latino history is left out of high school textbooks, study finds
(DBN)

School librarians face prison time for distributing banned books
(DBN)

Missouri high school student suspended 3 days after recording teacher using racial slur in class
(DBN)

Teacher arrested for threatening students after finding swastikas in classroom
(DBN)

____________

Autos:

Cheap used vehicles disappearing: Under $20,000 cars harder to find
(DBN)

____________

Healthcare:

1 in 5 older adults skipped or delayed medications last year because of cost
(DBN)

How the debt ceiling debate could put health insurance in jeopardy for millions
(DBN)

Something Weird Is Going On With Melatonin
(DBN)

____________

Debt Collection:

Debt Collectors Want To Use AI Chatbots To Hustle People For Money
(DBN)

____________

Fraud:

‘The Driving Force’: How Brett Favre’s Demands for Cash Fueled a Scandal
(DBN)

____________

Religion:

‘Why do pastors keep falling?’: inside the shocking downfall of Hillsong church
(DBN)

____________

Water:

The world’s largest lakes are shrinking dramatically, and scientists say they have figured out why
(DBN)

____________

Pharma:

Teva Plans to Cut Back Generic Drug Production Even As Shortages Intensify
(DBN)

____________

Sovereigns:

China’s loans pushing world’s poorest countries to brink of collapse
(DBN)

Suriname clears way for debt restructuring with IMF staff deal
(DBN)

____________

UK:

What are the Key Takeaways for future Restructuring Plans following the GAS sanction hearing?
(DBN)

Children’s’ allowances are outpacing inflation in Britain — with kids now getting $8 a week
(DBN)

UK Household Confidence Extends Rebound Despite 10% Inflation
(DBN)

____________

EU:

ECB Steps Up Scrutiny of Bank Liquidity, May Raise Requirements
(DBN)

____________

Canada:

Bank of Canada sees financial stress rising among homebuyers
(DBN)

____________

Greece:

The Greek Economy Is Roaring Back, But Voters Are Counting the Cost
(DBN)

____________

Russia:

Russian missile strikes on Kyiv are ‘unprecedented’
(DBN)

Russian scientists face treason charges as 'unstoppable' missiles they worked on are shot down • Putin warned his hypersonic missile programme faces ‘impending collapse’
(DBN)

Why Putin Is Right to Fear for His Life
(DBN)

Ukraine’s counteroffensive is shrouded in confusion. That may be the plan
(DBN)

Ukraine intelligence chief says Kyiv wants a demilitarized border zone up to 60 miles inside Russia to prevent future conflicts
(DBN)

The collapse of Russian influence is widening
(DBN)

Russian forces in retreat near Bakhmut, as Ukraine momentum shifts
(DBN)

This is the End of Bakhmut
(DBN)

Russian MK companies were created to help Russian oligarchs and companies evade sanctions. This is how they do it.
(DBN)

G-7 leaders announce more Russia sanctions with Ukraine’s Zelenskyy set to attend summit • G-7 to Chase Russia’s Diamonds While Stopping Short of Total Ban • G-7 Restricts More Goods But Avoids Near-Total Russia Export Ban
(DBN)

US accounting error frees $3 billion for Ukraine weapons assistance
(DBN)

Retired colonel explains why F-16 jets could be a 'game changer'
(DBN)

Russia’s military has adapted and is now a more formidable enemy for Ukraine • Russia Is Adapting Arms and Tactics Ahead of Ukraine Offensive
(DBN)

____________

MENA:

Israeli crowds chant racist slogans and taunt Palestinians during contentious Jerusalem march
(DBN)

____________

Hong Kong:

Hong Kong's Court of Final Appeal provides clarity in landmark judgment giving primacy to an exclusive jurisdiction clause over insolvency proceedings
(DBN)

____________

China:

Court Ruling Casts Fresh Doubt on China’s ‘Keepwell’ Bonds
(DBN)

China Considers Moving Stakes in Bad Banks to Sovereign Wealth Fund
(DBN)

China Faces ‘Confidence Trap’ as Economic Recovery Loses Steam
(DBN)

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