November 1, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Full BigLaw associate bonuses may not be for everybody
(DBN)

After failed merger talks and partner exodus, Stroock plans to dissolve New York Firm Stroock & Stroock & Lavan Plans to Dissolve After Merger Talks Fail Stroock To Dissolve, Close Its Doors After Nearly 150 Years In Business Stroock’s Demise Foretold by Partner Exits, Pension Problems
(DBN)

Insolvency Partner Michael Mulligan Joins Haynes Boone in London
(DBN)

As Bankruptcy Filings Rev Up, Law Firms in Texas May Boost Their Bankruptcy Teams
(DBN)

Foley Hoag Sues Employment Lawyer for Nearly $900,000 in Unpaid Legal Fees
(DBN)

ChatGPT? More Like Edgar Allan Esquire
(DBN)

Bankruptcy: grave-dancing bankers and lawyers gird for fee bonanza
(DBN)

London go-to destination for commercial disputes, report finds
(DBN)

A Tale of 2 Experts: Evaluations of witnesses depend on whom you ask
(DBN)

The Best Biglaw Pumpkin Of All
(DBN)

The Laws Restricting Halloween Celebrations
(DBN)

Trump Blurts Out Enraged Cry In Dead-Of-Night 4:24 AM Social Media Outburst Over His 91 Felony Charges
(DBN)

Trump’s presidential ballot eligibility on trial in Colorado and Minnesota Trump signaled to extremist groups on Jan. 6, experts testify in Colorado 14th Amendment case Trump sues Michigan election official to keep his name on 2024 ballot
(DBN)

Former White House lawyer predicts Trump will be jailed for violating gag order Judge denies ACLU brief supporting Trump in gag order fight in Jan. 6 case
(DBN)

Witness offers new evidence Allen Weisselberg potentially gave false testimony
(DBN)

Christie says Trump will be convicted in slew of legal battles: ‘It’s over’
(DBN)

RICO judge reverses himself and decides to unseal Sidney Powell, Jenna Ellis case dockets
(DBN)

George Conway: Trump is going to have to ‘liquidate everything’
(DBN)

Trump used Forbes list to try to bolster bid to buy Buffalo Bills: 'He gave us handouts'
(DBN)

Why Trump's children are testifying in fraud case
(DBN)

Judge rejects Fox News attempt to subpoena Soros
(DBN)

The paramilitary group taking the border into its own hands
(DBN)

Bipartisan bill would provide kids-only courts for migrant children in immigration court
(DBN)

US sues software company targeted in massive Russian cyber espionage campaign
(DBN)

Americans’ sense of safety stagnates despite rising confidence in police: Gallup
(DBN)

Democrats re-up request urging DOJ to investigate Youngkin ‘purging’ of voter rolls
(DBN)

Alaska man charged with threatening to kidnap a U.S. senator
(DBN)

Child marriage is still legal in most of the U.S. Here’s why.
(DBN)

Maine gunman’s family shared concerns months before mass shooting: Sagadahoc County Sheriff’s Office
(DBN)

Brother says heavily armed man found dead at Colorado amusement park 'wouldn't talk to any of us'
(DBN)

Women sue Airbnb over ‘house of horrors’ vacation home infested with bats
(DBN)

FBI says terrorism threat hits ‘a whole other level’ after Hamas attack Hamas attack could inspire "violent extremists" in U.S., FBI director says FBI director warns of ‘historic’ antisemitism levels
(DBN)

Open hatred of Jews surges globally, inflamed by Gaza war
(DBN)

“History repeating itself”: How the Israel-Hamas war is fueling hate against Muslims and Jews
(DBN)

Anti-Arab and antisemitic hate crimes surging in NYC, LA For Muslim Americans, a spike in hate incidents feels reminiscent of post 9/11 Islamophobia White House will develop an anti-Islamophobia strategy but faces skepticism from Muslim Americans
(DBN)

North Dakota woman fatally poisons boyfriend hours after he inherited $30M
(DBN)

College professor sentenced for drunkenly shooting new student who was just sitting in car
(DBN)

Man arrested in cold case Halloween killing after 41 years
(DBN)

Convicted car bomber allegedly attacked parishioner, threw pipe bombs at cops
(DBN)

Tennessee Prosecutors Shocked To Discover That Shitposting Is Not A Crime. Not Even When It's About Cops! Authorities pay $125k to man jailed for 'offending' police with post about fallen officer
(DBN)

______________

Judges:

Law firm of bankruptcy judge’s girlfriend did not make standard disclosure in at least 27 cases, report says
(DBN)

A Hidden Liaison in Bankruptcy Court: Unraveling the Jackson Walker Scandal
(DBN)

Judges ‘do not do double duty as sheriffs,’ 4th Circuit says in denying judicial immunity for home search
(DBN)

Senate Democrats Plan To Use Subpoena Power To Figure Out What The Hell Is Going On At The Supreme Court McConnell tells Senate Democrats to back off on Supreme Court
(DBN)

Testy N.Y. judge snaps at Trump lawyers: I’ve explained this 'ad nauseam'
(DBN)

SDNY Jurists Get Into Halloween Spirit By Judging Spooky Courthouse Horror Exhibits
(DBN)

Biden Judiciary Goals Tested by Senate Agenda, GOP Cooperation
(DBN)

US Supreme Court to determine legality of 'Trump Too Small' trademark
(DBN)

______________

Wall Street:

Stock futures fall to kick off November as Fed decision looms
(DBN)

Apollo Profit Misses Estimates as Dealmaking Slump Drags On
(DBN)

______________

Layoffs:

Finland's Neste to cut 400 jobs due to increasing competition
(DBN)

______________

Climate:

Biden’s climate fight now has a Fed problem
(DBN)

California wildfire, fueled by desert winds, forces evacuations
(DBN)

Temperature Scores Paint a Dark Investing Picture
(DBN)

World’s Top Renewable Firms Reel Even as Installations Surge
(DBN)

____________

Politics:

Mike Johnson Urged a Religious Test for Politicians House deals with shutdown threat under Speaker Johnson: 5 things to watch Johnson’s Israel proposal runs into stiff Senate opposition Schumer: House GOP’s Israel package is ‘woefully inadequate’ Progressives call for funding for domestic ’emergencies’ alongside Israel, Ukraine Speaker Johnson set to meet with Senate GOP as Ukraine funding battle looms
(DBN)

Jewish leaders to Biden officials: ‘We’ve never seen anything like this ever’
(DBN)

Democrats Risk Long-Lasting Rift Over Israel-Hamas War Deep split erupts between Democrats on Israel-Hamas war
(DBN)

How Posters of Kidnapped Israelis Ignited a Firestorm on American Sidewalks
(DBN)

Josh Hawley's attempt to corner Mayorkas over DHS official's anti-Semitic posts backfires
(DBN)

On TikTok, views of pro-Palestine posts far surpass views of pro-Israel posts
(DBN)

Anti-war protesters repeatedly interrupt Senate hearing on Israel ‘You’re the Terrorist!’ Cops Drag Screaming, Fake-Blood-Drenched Protesters Out of Blinken’s Senate Hearing Protesters calling Antony Blinken a 'murderer' and demanding a ceasefire in Gaza derail hearing: Demonstrators are hauled out and put up hands covered in 'blood' in chaos in Congress
(DBN)

Biden’s Israel Balancing Act Gets Harder as Gaza Offensive Grows
(DBN)

Trump's old-age issue in spotlight as he mocks Biden
(DBN)

Trump stumbles on the campaign trail
(DBN)

Billionaire Republican donor abandons the GOP: 'Trump belongs in jail'
(DBN)

Iowa poll: Trump gets a hall pass on skipping GOP debates
(DBN)

“It Was Always Going to End Badly”: The Untold Story of Tucker Carlson’s Ugly Exit From Fox News
(DBN)

Kinzinger says family disowned him over loss of Hannity’s trust
(DBN)

Santos, Tlaib, Greene: House looks to police its own members
(DBN)

Why George Santos is sticking around (for now)
(DBN)

Wisconsin governor sues GOP lawmakers for ‘obstructing basic government functions’
(DBN)

Most Republicans support border barriers even if they injure or kill someone
(DBN)

____________

Economy:

The Fed probably won't cut interest rates just yet — but its next move is expected to be good for Americans Fed expected to leave interest rates unchanged Here’s everything to expect from the Fed’s policy announcement Wednesday
(DBN)

The US is borrowing too much money, and that's what's driving rates higher, former Dallas Fed President says Druckenmiller says government needs to stop spending like ‘drunken sailors,’ cut entitlements
(DBN)

What rising wage pressures could mean for inflation
(DBN)

Food Inflation Is Still High Around the World
(DBN)

Janet Yellen made the worst mistake in Treasury history when she failed to lock in cheap debt, elite investor Stanley Druckenmiller says
(DBN)

Gen Z is lonely. Going back to the office may be the cure for some.
(DBN)

Wall Street Law Firms Lift NYC Real Estate With Return to Office
(DBN)

‘Zombie’ companies already make up 11.5% of U.S. listed stocks
(DBN)

Las Vegas September 2023: Visitor Traffic Down Slightly YoY; Convention Traffic Up 9%
(DBN)

Lessons Learned From Twitter And FTX, Investors Sour As Companies Brace For Slower Holiday Spending
(DBN)

Deep in Trump Country, Biden Plan Creates Hundreds of Green Jobs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

WeWork May Declare Bankruptcy Next Week, Report Says WeWork to withhold interest payment on some notes WeWork Withholds Interest Payment in a High-Stakes Financial Gamble WeWork Plans to File for Bankruptcy, WSJ Reports WeWork’s Stunning Downfall: A Cautionary Tale for Venture Capitalism WeWork commanded a $47 billion valuation at its peak. It's crashed over 99% since then - and could now file for bankruptcy, reports say WeWork shares plunge on reported plans to file for bankruptcy WeWork: Is it nearly the end for the ‘future of work’ office firm? WeWork plans to file for bankruptcy over massive debt pile and losses WeWork’s Fall from Grace: The Risks of High-Valuation Start-ups
(DBN)

The hidden culprit driving America’s apocalypse of boarded-up storefronts
(DBN)

The Money Has Stopped Flowing in Commercial Real Estate
(DBN)

Equity Residential cuts FY revenue forecast on rental weakness in West Coast markets
(DBN)

Freddie Mac House Price Index Increased in September to New High; Up 5.2% Year-over-year
(DBN)

Case-Shiller: National House Price Index Up 2.6% year-over-year in August; New all-time High Comments on August Case-Shiller and FHFA House Prices
(DBN)

HVS: Q3 2023 Homeownership and Vacancy Rates; Rental Vacancy Rates Increased
(DBN)

Zillow Plunges After Verdict on Real Estate Brokerage Commissions Federal jury verdict on broker fees rocks real estate industry US jury finds realtors liable for inflating commissions, awards $1.78 bln damages
(DBN)

Brace for 8% mortgage rates to drag the US housing market into a 1980s-style recession, Wells Fargo warns
(DBN)

A Calif. house is listed for $1.55 million. There’s a meth lab inside.
(DBN)

Housing market affordability plunges to lowest level since 1985
(DBN)

The Struggle to Fix Florida's Insurance Crisis
(DBN)

Climate change is driving insurance rates up, forcing developers to add weather-proofing
(DBN)

____________

Municipalities:

Michigan Supreme Court declines to revive Flint water crisis charges against ex-governor
(DBN)

Detroit’s Grand Experiment: The Land Value Tax
(DBN)

____________

Oil/Gas:

Why Norway — the poster child for electric cars — is having second thoughts
(DBN)

____________

Tech:

Supreme Court to wade into social media free speech firestorm The Supreme Court seems stumped by two cases about free speech online
(DBN)

X has been bleeding nearly $70 million per day in value since Elon Musk took over
(DBN)

Artists beaten back in California lawsuit against AI image generators
(DBN)

A minor ChatGPT update is a warning to founders: Big Tech can blow up your startup at any time
(DBN)

____________

Labor:

UAW nabs its biggest win in decades Auto workers’ grand slam in Detroit is a home run for the US workforce What the pending UAW-Big 3 deals mean for workers, Biden and the economy UAW wins back financial crisis concessions
(DBN)

Toyota raises factory worker wages after UAW strike settlements
(DBN)

"Pharmageddon" employee walkout adds to Walgreens woes
(DBN)

____________

Education:

Higher ed sector experiencing record impairments: MMA
(DBN)

Colleges under pressure to address antisemitism on campuses
(DBN)

Bill Ackman went on a crusade to out Harvard's anti-Israel students. He's having second thoughts.
(DBN)

Hundreds of Columbia professors sign new letter saying they're 'appalled' about campus antisemitism
(DBN)

Jewish students are planning to sue elite universities like Cornell and Harvard, accusing them of not doing enough to stop 'explosion' of antisemitism on campus
(DBN)

Person of interest in custody in 'horrendous' Cornell University anti-Jewish death threats Cornell University student threatened to stab and rape Jewish students and ‘shoot up’ school, prosecutors say
(DBN)

Harris had a contingency plan for campus protests over Israel
(DBN)

Grand Canyon University, largest for-profit college, fined $37.7 million
(DBN)

____________

Celebs:

Erika Jayne Is Accused of Leaking False Information to the Press Over $750K Diamond Earrings
(DBN)

____________

Food/Beverage:

Spanish seafood entities Atunlo, Fandicosta, Actemsa enter pre-bankruptcy process
(DBN)

McDonald's isn't as cheap as it once was, and it's losing low-income customers
(DBN)

Slow Pizza Hut sales in the U.S. weigh on Yum Brands’ revenue
(DBN)

____________

Crypto:

The defense rests in Sam Bankman-Fried criminal trial
(DBN)

SBF Struggles on Witness Stand Over Questions About FTX’s Final Days
(DBN)

Bankman-Fried’s Risky Defense Strategy Faces Another Big Test
(DBN)

Sam Bankman-Fried admits taking his eye off the ball at doomed crypto firm
(DBN)

Sam Bankman-Fried trial: FTX founder grilled over 'cozy' ties with Bahamian officials
(DBN)

Sam Bankman-Fried says he didn't know about hedge fund spending $8B
(DBN)

SBF says spending FTX customers’ money was part of ‘risk management’
(DBN)

Sam Bankman-Fried Courtroom Sketch Becomes Metaphor For Crypto Industry
(DBN)

Sam Bankman-Fried Finally Tells His Story
(DBN)

Sam Bankman-Fried's trial on FTX fraud charges heads to closing arguments
(DBN)

Sam Bankman-Fried Survived His Testimony. Next Up: The Jury
(DBN)

FTX Trading Promises to Recover Customer Assets Amid Bankruptcy Challenges
(DBN)

____________

Fraud:

Federal Judge Intercepts Brett Favre's Defamation Suit Against Shannon Sharpe
(DBN)

They Scammed Wall Street. Now They Want to Get Out of Prison Early
(DBN)

____________

History:

Vatican’s Silence on Holocaust Was Shaped by Antisemitism and Caution, Archives Show - WSJ
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Colorado bankruptcy filings increase 7% in September
(DBN)

______________

Mediation:

Should Negotiation Offers Be In Round Numbers Or Precise Numbers? (A Study)
(DBN)

____________

Mass Torts:

Bayer Jury Returns $332 Million Verdict in Roundup Cancer Trial
(DBN)

Chaos erupts over Southern Baptist legal filing in Louisville abuse lawsuit
(DBN)

____________

Advisors:

Restructuring Bankers Thrive Amid Pandemic-Stricken Economy
(DBN)

____________

DIP Finance:

DIP Financing and Liens On Avoidance Actions
(DBN)

____________

Aviation:

Asiana Airlines grapples with mounting debt amid delayed acquisition by Korean Air
(DBN)

Discount Airline Norse Falls 33% on Need to Raise $45 Million
(DBN)

____________

Healthcare:

'Deny, deny, deny': By rejecting claims, Medicare Advantage plans threaten rural hospitals and patients, say CEOs
(DBN)

1 in 4 US medical students consider quitting, most don’t plan to treat patients: report
(DBN)

2 in 3 physicians concerned about AI driving diagnosis, treatment decisions: Survey
(DBN)

Assault, suicide risk, wrong-side surgeries. Madera hospital endangered patients, state says
(DBN)

Infant mortality rose in 2022 for the first time in two decades
(DBN)

Trump's plan to bring back mental institutions
(DBN)

Florida Lawyers Want Fauci Put on Trial
(DBN)

Judge blocks law requiring doctors to tell patients about discredited 'abortion reversal'
(DBN)

Kansas Can't Enforce Law on Abortion Pills
(DBN)

____________

Autos:

Tesla Erases $145 Billion in Valuation on Demand Woes
(DBN)

California jury sides with Tesla in case over fatal crash
(DBN)

Aston Martin shares plunge on volume target cut, lingering debt
(DBN)

____________

Student Debt:

Student loan payment restart marred by errors
(DBN)

____________

Sovereigns:

China will play positive role to help Sri Lanka navigate debt situation
(DBN)

Why the US *should* care about sovereign creditor lawsuits
(DBN)

____________

UK:

Warning one in 10 county councils face effective bankruptcy
(DBN)

Leicester council facing a ‘real prospect’ of bankruptcy
(DBN)

English councils seek £100m to avert collapse of homelessness services The Silent Crisis in England: The Rising Costs of Temporary Accommodation
(DBN)

County councils ‘running out of road’ to stop insolvency due to £4bn funding gap
(DBN)

Company insolvencies continue to climb UK Business Insolvencies Soar, Echoing 2009 Financial Crisis
(DBN)

Number of people taking out debt relief orders reaches highest level since 2009
(DBN)

England and Wales insolvencies hold near 14-year high
(DBN)

Construction tops ‘financial distress’ index
(DBN)

____________

Canada:

Martel investors resigned to losing huge sums in wake of B.C. mortgage scheme
(DBN)

____________

MENA:

IDF ‘kills dozens of Hamas terrorists’ after storming tunnels ‘deep inside Gaza’ as Brit ex-Colonel hails ‘progress’ Orthodox Church Condemns Israel For Bombing Its Gaza Centre Israel finds Hamas manual on how to create chemical weapons Services at main cancer center in Gaza ‘severely reduced’: WHO Inside Israel's mission to attack Hamas, rescue hostages 81 seriously injured Gazans to enter Egypt Wednesday - report Crowds at Gaza crossing as some injured and foreign nationals likely to leave First evacuations from Gaza begin through Rafah border crossing Egypt stations tanks near Rafah border 'Bring them home now': Pressure mounts on Netanyahu to prioritize Israeli hostages US and Israel Weigh Peacekeepers for the Gaza Strip After Hamas Why Israel's push into Gaza is killing so many children Israel defends devastating refugee camp strikes, saying civilians caught up in hunt for a Hamas commander are a 'tragedy of war' Israel confirm they attacked refugee camp where Hamas claim 50 were killed to eliminate ‘terror stronghold’ US sending 300 more troops to the Middle East as Israel escalates airstrikes
(DBN)

Israel says it thwarted missile attack by Yemen's Houthi rebels
(DBN)

Israeli Gov't Admits Internal Report Recommended Forcing All Gazans Into Egypt
(DBN)

U.S. asked Israel to release withheld Palestinian tax revenues
(DBN)

Settlers Forcing Palestinians Out of West Bank
(DBN)

Where U.S. troops are stationed in the Middle East
(DBN)

Erdogan's incendiary Hamas remarks a 'real concern' for NATO allies as tension mounts
(DBN)

Yemen's Houthis enter war on Israel and vow to ramp up attacks as conflict spirals
(DBN)

Bolivia severs diplomatic ties with Israel
(DBN)

____________

Russia:

Russia cannot claim immunity in $60 bln fight with former Yukos investors, London court rules
(DBN)

Putin wants the world to think the wars in Gaza and Ukraine are a Western plot — and it’s working
(DBN)

Russia adds fresh capital controls to prop up ruble, but Kremlin is 'applying a Band-Aid to gangrene'
(DBN)

North Korea Sent 1 Million Rounds of Artillery to Russia, Spy Agency Says
(DBN)

____________

France:

France probes Stars of David graffiti in Paris
(DBN)

Woman Shouting 'You're All Going to Die' Shot by Police in Paris Metro
(DBN)

____________

China:

Evergrande proposes new debt plan where offshore creditors get 30% equity stake in subsidiaries: sources
(DBN)

China’s Property Sector Loans Contract for First Time on Record
(DBN)

China’s billionaires looking to move their cash, and themselves, out
(DBN)

China's economy stumbled again in recent months with factory activity falling and foreign investment plunging 34%
(DBN)

____________

Luxembourg:

Luxembourg Reform of Restructuring Procedures
(DBN)

____________

India:

In setback for lenders, Supreme Court dismisses pleas over govt dues under IBC SC rejects pleas seeking review of its judgment considering tax authorities as secured creditors
(DBN)

____________

France:

Scotch & Soda France files for receivership
(DBN)

____________

Netherlands:

Economic outlook worsens: households spend less, jobless rate up
(DBN)

____________

Sweden:

Swedish Bankruptcies Hit Highest Level Since at Least 1999
(DBN)

____________


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