November 15, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top 30 Biglaw Firm's Leader Thinks AI Will Help His Firm Soar To The Top
(DBN)

California Bar to Vote on AI Guidelines Over Disclosure, Billing
(DBN)

In-House Counsel Still Aren't Thrilled With The Bill For Outside Counsel
(DBN)

Bar Association's Mandatory Dues Violate 1st Amendment, 5th Circuit Says
(DBN)

Stroock Partners, Associates Making The Best Of A Bad Situation Ahead Of Firm's Dissolution
(DBN)

On Law Schools, Israel, And Antisemitism
(DBN)

Muslim Bar Groups Accuse Law Firms of Fueling Islamophobia
(DBN)

Divisions mount over US law firms' response to Israel-Hamas war
(DBN)

The Insufferable Nonsense Biglaw Is Spouting Over Milbank's Raises
(DBN)

In ‘bombshell development,’ ex-mother-in-law of slain law prof arrested at airport • Murdered Law Professor's Former Mother-In-Law Arrested At Airport
(DBN)

Bar Applicant's Test Experience Was So Bad She Wants Money For It
(DBN)

Columbia law prof banned from 2 depositions after allegations of verbal abuse, intimidating presence
(DBN)

Lawyer accused of destroying child-porn images on client’s cellphone
(DBN)

Trump Posts Fan ‘Fantasy’-Incitement That Fraud Trial Judge and AG Letitia James Be Placed Under ‘Citizen’s Arrest’
(DBN)

Trump drops bid to move NY hush money case to federal court in sudden twist
(DBN)

Trump fraud-trial experts offer chillaxed theory of asset valuation in defense testimony
(DBN)

Judge rules Trump can stay on Michigan ballot, rejects insurrection clause challenge • Advocates argue to disqualify Trump from Colorado ballot over Jan. 6 attack
(DBN)

NY AG Tish James slams Donald Trump Jr.'s testimony in fraud case: 'Facts don't lie'
(DBN)

Trump hits New York AG for ‘smirking all day long’ amid fraud trial
(DBN)

Jenna Ellis' Video a Knockout Blow to Trump • Trump power grab comes into focus in leaked Georgia videos
(DBN)

Special counsel rails against Trump 'scattershot' First Amendment claims in gag appeal • Jack Smith Cites Medieval Murder as He Seeks Donald Trump Gag Order
(DBN)

Rudy Giuliani Compares Jack Smith Move to 'Nazi Germany'
(DBN)

Fani Willis Asks For ‘Emergency Protective Order’ In Trump Trial, Alleges Leaked Videos Were ‘Witness Intimidation’
(DBN)

With the Trump business empire on the brink, Don Jr. breaks out an elevator pitch
(DBN)

What’s Trump’s next chess move? Firing his lawyers.
(DBN)

Fulton County prosecutors seek emergency protective order after proffer footage surfaces
(DBN)

Fani Willis predicts Trump’s Georgia trial could stretch into early 2025
(DBN)

Trump’s Attack Dog on Capitol Hill Does the Courtroom Bidding He Can’t
(DBN)

Conversation With an 'Insurrectionist': He Took Nancy Pelosi's Lectern
(DBN)

House Republicans issue criminal referral against Michael Cohen over NY fraud trial testimony
(DBN)

Speaker Johnson: Separation of church, state ‘a misnomer’
(DBN)

Illegal border crossings into US drop in October
(DBN)

Rise in illegals from India coming crossing border
(DBN)

Immigrants ask Biden for the unlikely: Work permits like those given to Venezuelans
(DBN)

‘No Indication’ NYC Mayor Is Target of Probe, Lawyer Insists • What to Know About the Federal Investigation into Eric Adams’ 2021 Campaign • Eric Adams’s Turkey Ties: Travel, Donations and a Meeting With Erdogan
(DBN)

Ammon Bundy Says He Has No Regrets as Judge Issues New Arrest Warrant
(DBN)

Fox News Sued By Fired Reporter For Hating Democrats
(DBN)

Teen arrested for DUI and meth possession found dead in jail after breakfast, family says
(DBN)

'Eye drops killer' found guilty of murdering family friend, stealing thousands
(DBN)

Florida teacher shot wife and brother-in-law while in Tennessee for a wedding: Cops
(DBN)

Some Harvey Weinstein victims say legal settlement denied them justice
(DBN)

Man sentenced for hacking 93-year-old grandma to death with hatchet over bacon
(DBN)

15-year-old kills Army veteran brother after he asked him to clean his room: Police
(DBN)

OH: 6 Dead, 18 injured as Truck Hits School Bus
(DBN)

8 teens arrested in fatal beating of Las Vegas high school student
(DBN)

Alleged camera thief identified after device continues transmitting pictures to cops
(DBN)

News crew robbed at gunpoint in San Fran ahead of summit
(DBN)

______________

Judges:

Partner denied any current relationship with bankruptcy judge, Jackson Walker firm says
(DBN)

We Waited 200 Years for This Supreme Court Ethics Code? • The Supreme Court’s new ethics code is a joke • Supreme Court Digs in on Recusal Practices Criticized as Opaque • 6 things to know about the Supreme Court’s new ethics code • Durbin: Supreme Court code of conduct 'falls short' • Supreme Court’s New Ethics Code Is Toothless, Experts Say • Supreme Court’s New Ethics Code Is Too Little, Far Too Late • Supreme Court’s ‘not new’ ethics code largely codifies existing judiciary rules
(DBN)

Democrats get surprisingly good news from America’s Trumpiest court
(DBN)

Study finds racial disparities in whether US judges impose prison
(DBN)

______________

Wall Street:

Stock futures tick higher after S&P 500 and Nasdaq post best day since April
(DBN)

S&P 500 notches best day since April, Dow leaps nearly 500 points on soft inflation report
(DBN)

Goldman’s Kostin Latest on Wall Street to See 2024 Stock Gains
(DBN)

Another disappointing year for Wall Street bonuses
(DBN)

The Dow Jones has seen a dreaded 'death cross.' Here's what it means.
(DBN)

______________

Layoffs:

Media jobs slashed amid soft ad market
(DBN)

Layoffs hit NC Tyson Farms’ poultry plant – 250 losing jobs
(DBN)

______________

Banking:

The bond market fallout continues for this rural Texas bank, and it's exploring options
(DBN)

Republicans unite in opposition to new bank regulations
(DBN)

____________

Food/Beverage:

A large Wendy's franchisee declares bankruptcy
(DBN)

Large fast-food restaurant operator files Chapter 11 bankruptcy
(DBN)

____________

Crypto:

FTX Can Start Mediation, File Counterclaims in BlockFi Bankruptcy Case, Judge Rules
(DBN)

____________

Climate:

Climate change altering U.S. in profound ways, major report finds • Federal report projects widespread climate consequences
(DBN)

Biden gives center stage to the climate report Trump tried to bury
(DBN)

Who's to blame for climate change? Scientists don't hold back in new federal report.
(DBN)

US climate report offers dire outlook, rising temps
(DBN)

Entire World is Behind on Cutting Emissions
(DBN)

Global heat deaths could quadruple if action is not taken on climate change, study finds
(DBN)

Drought Leaves Midwest Towns ‘Drier Than the Dust Bowl’
(DBN)

Goodbye, snowy winters? New climate report offers dry projections
(DBN)

Biden rolls out billions for climate resilience in the wake of dire climate report
(DBN)

U.S., already hit by 25 disasters of $1 billion each, could see more flooding this year
(DBN)

Republicans Target ‘Woke’ Climate Change Topics in Science Textbooks
(DBN)

US-China Climate Deal Builds Momentum for Stronger COP28 Outcome • Top Emitters Vow New Climate Action in US-China Breakthrough
(DBN)

EU Strikes Landmark Deal to Curb Methane in Oil and Gas Supplies
(DBN)

US, UK to Push Pledge to Triple Nuclear Power by 2050 at COP28
(DBN)

____________

Pageants:

Company behind Miss Universe files for bankruptcy after accepting transgender contestants • Unveiling the Selection Process for Miss Universe 2023
(DBN)

____________

Coal:

Coal Miners Get the Shaft
(DBN)

____________

Economy:

BLS: CPI Unchanged in October; Core CPI increased 0.2% • Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.2% in October • YoY Measures of Inflation: Services, Goods and Shelter • Inflation was flat in October from the prior month, core CPI hits two-year low • Inflation pressures eased in October, Consumer Price Index shows • US consumer inflation eased in October as cheaper gas slowed overall price increases • An Optimistic Inflation Report Reduces Pressure on the Fed to Raise Rates
(DBN)

JPMorgan boss Jamie Dimon warns it's too early for a Fed victory lap, as inflation 'may not go away that quickly'
(DBN)

The problem isn’t inflation. It’s prices.
(DBN)

Visualizing America’s $1 Trillion Credit Card Debt
(DBN)

5 common misconceptions about the US's $32 trillion debt mountain
(DBN)

Forget the gloom of the 1970s—UBS thinks the U.S. economy is headed back to a Clinton-like era of the bustling 1990s
(DBN)

How Gen Z Feels About Working From Home
(DBN)

Amazon Blocks Promotions For Employees Defying Return-To-Office Policy, Leaked Documents Reveal
(DBN)

I'm a Gen Zer who finds 9-to-5 life depressing. I wish there was a better way of living.
(DBN)

Americans believe high inflation is the new normal
(DBN)

Lawler: New Census Long-Term Population Projections Are MASSIVELY Lower Than Previous Projections
(DBN)

Billionaire investor Jeff Greene reveals his key bets as recession fears mount - and swears by 2 of Warren Buffett's lessons
(DBN)

Billionaire hedge fund boss Ken Griffin says remote working makes it easier for companies to fire people
(DBN)

The US economy is at the point of ‘maximum danger’
(DBN)

Fed will cut interest rates deeply this spring, new estimate says
(DBN)

Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
(DBN)

Pollsters aren’t the only ones giving Biden bad news on the economy
(DBN)

Geopolitics overtake inflation as investors' biggest 'tail risk' concern, survey shows
(DBN)

House Speaker Mike Johnson predicts ‘bipartisan agreement’ to fund government, avoid shutdown • House passes bill to avoid government shutdown, Senate to vote next • Conservatives hold back on Johnson ouster threat — but plot other payback • Democrats prepare to rescue Mike Johnson's “step stool” spending bill • Mike Johnson's shutdown plan gets a hall pass from furious Freedom Caucus • Mike Johnson takes a page out of McCarthy's spending playbook • Freedom Caucus announces opposition to Speaker Johnson stopgap plan • House Democrats lining up to support the CR, diminishing chances of a shutdown • How much would a government shutdown cost? • Despite the House passing a stopgap funding bill, representatives acted out a farce
(DBN)

Most Americans in new poll say Congress shouldn’t use government shutdown to bargain
(DBN)

Nikki Haley and Jamie Dimon hold private convos on the economy
(DBN)

AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
(DBN)

Investors haven't been this bullish on bonds since the depths of the Great Financial Crisis
(DBN)

IMF says central bank digital currencies can replace cash: ‘This is not the time to turn back’
(DBN)

America’s Largest Private Companies
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Mortgage demand climbs to the highest level in five weeks after interest rates move lower
(DBN)

Tenants and a top prosecutor have accused major landlords and a popular apartment-pricing site of colluding to inflate rents. A legal expert says it shows algorithmic collusion is no longer 'science fiction.'
(DBN)

State Court Cases Against WeWork Could Have Edge in Bankruptcy Case
(DBN)

____________

Municipalities:

Puerto Ricans demand commitment to decolonization, not pandering
(DBN)

Sorry New York and San Francisco, these 4 red-state cities could be the future of America
(DBN)

10 cities where people are moving for a new job
(DBN)

____________

Oil/Gas:

US reportedly probes oil tanker firms about possible Russia sanctions violations • US Alarms Oil Tanker Owners With Russian Price Cap Letters
(DBN)

____________

Healthcare:

Mercy IC officially a UI asset after months-long saga
(DBN)

Life Expectancy for US Men Falls to 73 Years
(DBN)

Developing multiple health conditions, including cancer, linked to ultraprocessed foods
(DBN)

There are new drugs for weight loss: Side effects may include a broken budget
(DBN)

____________

Retailing:

5 years after bankruptcy, Toys R Us continues comeback with store inside Mall of America
(DBN)

Home Depot sales continue to slide
(DBN)

Target Profit Blows Past Expectations Amid Leaner Inventories
(DBN)

Retailers and delivery apps must act on e-bike safety, NY officials say, after 3 people died in a house fire linked with a scooter battery
(DBN)

____________

Religion:

Pope Francis fires social media crazed Texas bishop in move critics call 'total war'
(DBN)

____________

Politics:

With tens of thousands of demonstrators expected, law enforcement ramps up security for ‘March for Israel’ • New crowd estimate puts masses at 290,000: ‘Largest pro-Israel gathering in history’ • Supporters of Israel rally in Washington, crying ‘never again’
(DBN)

Jewish protesters stage sit-in at federal building
(DBN)

Senate blocks House bill to help Israel, cut IRS
(DBN)

Joe Biden’s Middle East Mess • Biden Owns the Israel-Palestine Conflict Now
(DBN)

Families of people kidnapped by Hamas say they don’t understand why hostage posters are being ripped down
(DBN)

‘Her Behavior Has Been Disgraceful!’ Ben Shapiro Destroys Colleague Candace Owens for ‘Ridiculous’ Israel Rhetoric
(DBN)

Former Biden and Obama officials give president a boost over his Israel support amid party divide
(DBN)

Johnson describes ‘harrowing’ video of Hamas atrocities, calls for Senate to pass Israel aid
(DBN)

When Palestinians tell the world what is happening to them, why are they met with disbelief?
(DBN)

DeSantis signs laws expanding sanctions on Iran, protecting Jewish schools
(DBN)

What’s behind Republicans’ claim that Joe Biden received $40,000 of ‘laundered Chinese money’?
(DBN)

House Speaker Mike Johnson endorses Trump, defends ‘stolen election’ claims • Andrew Ross Sorkin Confronts Mike Johnson Defending Trump’s Respect for the Rule of Law: ‘He’s Been Indicted On 40 Different Charges!’
(DBN)

How the nonreligious in Congress view Speaker Mike Johnson
(DBN)

Trump's "vermin" speech again draws scrutiny to extreme rhetoric • When Trump tells you he’s an authoritarian, believe him
(DBN)

Modeling finds Trump taking back four states, beating Biden in electoral college
(DBN)

NBA, NFL Stars endorse RFK
(DBN)

The alarming news progressive groups delivered to the White House • Nate Silver says it's risky for Dems to nominate Biden
(DBN)

Rhode Island swears in first Black representative
(DBN)

GOP senator challenges Teamsters president to fight during hearing • ‘Stand your butt up’: GOP Sen. Mullin challenges Teamsters boss to a fight at Senate hearing • Sanders slams Senate hearing feud as ‘pathetic’
(DBN)

Burchett accuses McCarthy of elbowing him in Capitol hallway • NPR reporter weighs in on McCarthy elbow accusation • Gaetz makes ethics complaint against McCarthy over Burchett elbowing accusation
(DBN)

GOP, Dem lawmakers get personal in testy exchange about Biden corruption allegations: ‘You look like a smurf’
(DBN)

Rising tensions bring GOP to brink of fight club
(DBN)

'Clean shot to the kidney,' fight threats and 'smurfs': Capitol Hill takes a nasty turn
(DBN)

Positivity is out in the modern GOP. ‘Vermin’ and ‘scum’ are in.
(DBN)

Republicans' Drama Descends Into Chaos
(DBN)

McConnell: Not my ‘responsibility’ to police aggressive behavior of other Republicans
(DBN)

DNC chair calls Republicans fighting in Congress a ‘clown show’
(DBN)

Greene calls GOP colleague a p----
(DBN)

Another George Santos Crony Pleads Guilty
(DBN)

These 8 Republicans voted with Democrats to punt Mayorkas impeachment attempt
(DBN)

What happened to ‘woke’? How the right’s rallying cry faded away
(DBN)

Senate Rules panel votes along party lines to break Tuberville’s military holds • GOP frets as Senate Dems move to break Tuberville’s military holds
(DBN)

____________

Mail:

US Postal Service reports $6.5 billion net loss for 2023 fiscal year
(DBN)

____________

Water:

Water Is Now a Global Asset, and a Growing Threat
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (38 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Prison healthcare company restarts mediation after bankruptcy judge Jones quits • Prison Health Contractor YesCare’s Bankrupt Affiliate Gets New Mediator
(DBN)

Drugmaker Mallinckrodt emerges from bankruptcy
(DBN)

J&J, 3M's Chap 11 Play in Talc, Earplug Mass Torts
(DBN)

____________

Third Party Releases:

U.S. Trustee’s Unreasonable Crusade Against All Third-Party Releases: The Latest Example (In re Kalos)
(DBN)

____________

Intercreditor:

Creditors Strike Back: The Return of the Cooperation Agreement
(DBN)

____________

Trustees:

An Overview of the Changes to the Handbook for Chapter 7 Trustees and Updates to the Uniform Transaction Codes
(DBN)

____________

Aviation:

Go First lenders to fight changes to India's bankruptcy laws
(DBN)

A plane passenger was arrested and the flight diverted after he wrote 'I love Allah' on a medical form
(DBN)

____________

Autos:

Fisker shares sink 20% after EV maker discloses ‘material weaknesses’ in financial reporting
(DBN)

____________

Education:

100 Harvard faculty cry foul at university’s ‘Combating Antisemitism’ initiative
(DBN)

NYU is sued by Jewish students who allege antisemitism on campus
(DBN)

GW suspends pro-Palestine group over anti-Israel messaging
(DBN)

Parents fume at 'sick' after school Satan club – but no goats will be sacrificed
(DBN)

Where America's International Students Come From
(DBN)

____________

Tech:

500 chatbots read the news and discussed it on social media. Guess how that went.
(DBN)

Google witness accidentally blurts out that Apple gets 36% cut of Safari deal
(DBN)

X, formerly Twitter, being ‘overrun by trolls and lunatics’ after Musk takeover, Wikipedia founder says
(DBN)

The U.S. has lost thousands of tech workers to Canada — here’s why
(DBN)

Google DeepMind’s weather AI can forecast extreme weather faster and more accurately
(DBN)

____________

Utilities:

Judge's ruling advances plan to restructure US$10 billion debt of Puerto Rico's power company
(DBN)

SET Commences Voluntary Chapter 11 to Effect Orderly Liquidation and Wind-down
(DBN)

Natural gas utilities add new surcharge to customers' bills to pay for Winter Storm Uri costs
(DBN)

____________

Social Media:

Trump’s Truth Social faces ‘substantial doubt’ following financial losses
(DBN)

Haley calls for social media reforms targeting user accountability
(DBN)

____________

Media:

For Israel-Hamas War Expertise, Fox Turns to… Fabio
(DBN)

How the ‘Big Lie’ Was Born
(DBN)

____________

Labor:

Here’s why the UAW’s record deals with automakers aren’t getting full support from members
(DBN)

____________

Sovereigns:

Ethiopia agrees bilateral debt-service suspension, seeks Eurobond restructuring
(DBN)

IMF Chief Sees Agreement on Pakistan Debt Review ‘Any Day Now’
(DBN)

____________

UK:

HMRC issues guidance on schemes and restructuring plans
(DBN)

SFO makes seven arrests amid dawn raids in connection with Axiom Ince collapse • SRA defends oversight of Axiom Ince and promises review of ‘accumulator firm’ supervision
(DBN)

Moratoriums – a New Stay on Winding Up Petitions?
(DBN)

Harneys appoints litigation and insolvency market leader to launch expanded London offering
(DBN)

Monthly Insolvency Statistics, October 2023
(DBN)

Company insolvencies jump in England and Wales in October
(DBN)

UK House Prices Fall For First Time In 11 Years, Official Data Shows
(DBN)

Nottingham City Council considering effective bankruptcy • Nottingham City Council Battles £23 Million Deficit: Bankruptcy on the Horizon?
(DBN)

UK inflation falls by more than expected in October to 4.6%, lowest in two years
(DBN)

Britishvolt owner faces legal action over unpaid wages
(DBN)

U.K.'s top court rejects plan to deport asylum seekers to Rwanda as unlawful • Sunak’s Rwanda Asylum Plan Left in Tatters by UK Top Court
(DBN)

____________

EU:

Euro Area to Avoid Recession as Inflation Retreats, EU Predicts
(DBN)

____________

MENA:

Israelis are arming up after Hamas’ attack. Some are worried it is playing to the far right’s vision for the country
(DBN)

Biden says he believes deal to free dozens of hostages held in Gaza is "going to happen" • Inside the Desperate Effort to Evacuate Young Cancer Patients From Gaza • Israel says it is carrying out operation inside al-Shifa hospital • Eyewitness says Israeli forces interrogating people inside Gaza's main hospital • White House Says Militant Groups Operating Out of Gaza’s Hospitals • U.S. urges Israel to stop firing on Gaza hospital • Dozens of journalists killed in Hamas-Israel war • Al-Shifa hospital 'buries 179 in mass grave' as Israel claims Hamas has lost control of Gaza • Why Gaza’s largest hospital has become the ‘epicenter’ of Israel’s war on Hamas • ‘You’re next’ if Israel does not defeat Hamas, Netanyahu says • Clashes at Gaza hospitals raise stakes for Israel • Israel defends airstrikes in Gaza: ‘We are not fighting for our image’ • Evidence Points to Israeli Shells in Strikes on Gaza’s Largest Hospital • Hagari: IDF committed to cleaning out Hamas from the southern Gaza • Death 'in every house': Gazans have no time to grieve or bury lost loved ones
(DBN)

West Bank Violence Surges Against Palestinians
(DBN)

____________

China:

China’s unfinished property projects are 20 times the size of Country Garden
(DBN)

China’s Xi, in need of a win, appears ready to engage with Biden • Xi arrives in US as his Chinese Dream sputters • As Biden and Xi meet, Asian manufacturing slowdown returns to a 2020 low, led by a softer China
(DBN)

____________

Russia:

Putin has lost staggering 300,000 Russian soldiers in failing war on Ukraine • 15% of forces high on drugs
(DBN)

Russian troops wiped out as Putin unleashes 'meat storm' in desperate bid to hold Donetsk
(DBN)

Mass Protests Against Putin's Mobilization Planned in Russia
(DBN)

Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
(DBN)

Ukraine aid should come in ‘weeks, not months,’ Smith says
(DBN)

CIA boss heads for Z-Day in Kiev as Ukraine falters
(DBN)

EU Takes Aim at Key Exports to Russia in New Sanctions
(DBN)

US Seen Adopting Measured Approach on Russian Oil Sanctions
(DBN)

____________

Japan:

Japan’s economy shrinks far more than expected in third quarter
(DBN)

____________

Germany:

Number of bankruptcies continues to grow • Rising Corporate Insolvencies in Germany: A Return to Normalcy?
(DBN)

____________

Australia:

Bankruptcy warning: ‘Disturbing’ trend putting Aussie workers out of a job
(DBN)

Arbitration And Insolvency: Australian Court Determines When Arbitration Costs Orders Can Be Recoverable Against A Company In Administration
(DBN)

____________

Brazil:

Fresh Accounting Issues Add Scrutiny on Brazil Retailers
(DBN)

____________

Italy:

Italy's finance minister evokes default risk to defend bank measures
(DBN)

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