November 16, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Katten Boosts New York Insolvency and Restructuring Team with Addition of Lucy Kweskin
(DBN)

Herrick, Feinstein Lures Restructuring Partner From Jenner & Block
(DBN)

How Some Law Firms Are Reimagining Succession Planning
(DBN)

Thomson Reuters announces new AI initiatives and CoCounsel integration
(DBN)

Westlaw AI Launch Forces Confrontation With The Inner Workings Of A Lawyer's Mind
(DBN)

Generative AI’s Rise in Legal Space Could Be a Win for Clients
(DBN)

For 'Unhappy' Law Firms, There's Little Recourse From Fast Rising Legal Tech Prices
(DBN)

Law Firm Partners Don’t Need to Micromanage to Lead Effectively
(DBN)

Bankruptcy Trustee Settles With Last Girardi Keese Lender, $332M in Claims Remain
(DBN)

Was Nixon Peabody's Representation of Trump 'Worth a Conversation' With Other Partners?
(DBN)

Jeffrey Clark: Stick It
(DBN)

Am Law 200 Firm To Merge With IP Boutique As Part Of 'Aggressive' Growth Model Buchanan Combines With 22-Lawyer Team From IP Firm RatnerPrestia
(DBN)

Arent Outfoxed: Work Product Is Client Property
(DBN)

Mandatory bar violated First Amendment by posting rainbow flag, wellness advice, 5th Circuit says Gay lawyer wins lawsuit against Louisiana Bar over Pride flags and wellness tips
(DBN)

Lawyer ran for office in one state while serving in another
(DBN)

California Vineyard Wants To Get Constitutional About Wine
(DBN)

How this lawyer uses TikTok to skewer law firm culture
(DBN)

See Ya Next Year, IPOs! Biglaw Partner Gives Insights On The 'Challenged' IPO Market
(DBN)

Florida attorney accused of killing father after stealing $450K from his mom found dead in jail cell
(DBN)

Trump asks for mistrial in civil fraud case but faces high bar Trump files motion for mistrial in NY fraud case Trump attorneys renew criticism of judge and clerk in New York fraud case by filing motion to dismiss Trump lawyers ask for a mistrial in $250 million fraud case, accuse law clerk of 'co-judging'
(DBN)

Trump's own fraud-trial expert testifies about 'glaring' problems in his financial statements — but blames the accountants
(DBN)

Not having a jury has turned Trump's fraud trial into an ugly screwball comedy
(DBN)

Trump’s ‘off the rails’ rhetoric could land him in jail, says former White House lawyer
(DBN)

Lawyer Admits He Leaked Videos of MAGA Allies Turning on Trump Ahem, *Someone* Leaked Footage In Georgia Election Case, Now Fani Willis REALLY Wants A Protective Order
(DBN)

Fulton County DA seeks to revoke bond for Trump Georgia co-defendant
(DBN)

False electors in Nevada who aided Trump in 2020 are under investigation
(DBN)

'Antiestablishment' activist sought to incite Trump supporters on Jan. 6, DOJ argues
(DBN)

Hunter Biden lawyers seek to subpoena Trump and others in criminal case Hunter Biden calls for a Trump subpoena, saying political pressure was put on his criminal case 'Dammit, Mr. President': Hunter Biden uses Bill Barr's book, Trump posts to seek subpoenas
(DBN)

'Whatever access you need': How Biden handled early days of classified docs probe Biden Classified Documents Investigation: Special Counsel Will Reportedly Be ‘Sharply Critical’ Of President—But No Charges Expected
(DBN)

Paul Pelosi attacker offers apology in emotional testimony: ‘He was never my target’ Prosecutors grapple with alternate reality defense in Paul Pelosi trial
(DBN)

Derek Chauvin again seeks to have federal conviction in murder of George Floyd overturned
(DBN)

Wisconsin woman found guilty of fatally poisoning friend with eyedrops
(DBN)

Missing Texas woman's remains found in her boyfriend's refrigerator, police say Boyfriend 'sarcastically' confessed to killing girlfriend found in refrigerator: Cops
(DBN)

Mother of boy, 6, who shot teacher faces sentencing Mother of boy who shot Virginia teacher sentenced to 21 months in prison
(DBN)

'Far from over': Police probing death of teen killed in high school melee charge 8
(DBN)

Desperate For Evidence, Prosecutors Will Use Young Thug Lyrics In Trial
(DBN)

Food tainted with meth sparks lawsuit from diners at Japanese steakhouse
(DBN)

6-year-old dies after neighbor allegedly 'forced' his way into home and beat him with bat
(DBN)

Mass Murder Is a Choice. The Gun Industry Made It
(DBN)

Never-before-seen footage from ‘Rust’ set obtained
(DBN)

New York authorities make largest-ever seizure of knock-off goods, worth more than $1B
(DBN)

Teenager who helped beat Spanish teacher to death over failing grade is sentenced
(DBN)

Sam Haskell IV took body parts in his Tesla and threw them in a dumpster after day laborers refused to move the remains, prosecutors say
(DBN)

More Migrants on Terrorism Watch List Crossed U.S. Border
(DBN)

This Louisiana Town Runs Largely on Traffic Fines. If You Fight Your Ticket, the Mayor Is Your Judge.
(DBN)

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Judges:

Ethics Probe Into Bankruptcy Judge Romance Ends in Fifth Circuit
(DBN)

Justice Department Seeks Return of Attorney Fees Over Lawyer's Role in Bankruptcy Cases, Including Some Prominent Retail Collapses
(DBN)

Biden announces 5 federal judicial nominees and stresses their varied backgrounds
(DBN)

The Third Circuit Might Just Look A Little More Diverse
(DBN)

Tinder Loving Care
(DBN)

Biden to nominate attorney who would be first Muslim American judge on a federal appeals court
(DBN)

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Wall Street:

S&P 500 futures are little changed as traders hope to build on November rally
(DBN)

JPMorgan favors commodities over bonds and warns the stock market rally is poised to fizzle
(DBN)

Wall Street banker fired over viral video of him telling a Jewish American man to 'go back to your country'
(DBN)

It’s Gonna Be A Cold Winter On Wall Street. Again.
(DBN)

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Layoffs:

Layoffs sparked by Citigroup's overhaul started this week. Here's the full list of major US companies slashing staff this year. Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
(DBN)

TransUnion to cut 1,300
(DBN)

Tri-City Medical: 100
(DBN)

Venus Fashion CEO Blames Economic Turbulence for 129 Job Cuts
(DBN)

Advance Auto Parts announces 400 layoffs at Raleigh headquarters
(DBN)

AI Could Replace 4 Million Jobs in South Korea, BOK Study Says
(DBN)

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Social Media:

Antisemitic and Anti-Muslim Hate Speech Surges Across the Internet
(DBN)

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Labor:

UAW strike settlement deal with GM at risk of rejection Vote on tentative contract with General Motors too close to call as more tallies are reported GM UAW Contract Hangs in Balance as Vote Split at Key Plants General Motors workers are voting against the UAW contract GM-UAW deal back on track for ratification after major plant approves pact
(DBN)

A video that appears to show David Attenborough narrating a programmer's life shows Hollywood actors were right to be afraid of AI
(DBN)

Starbucks workers file more labor complaints with NYC as union goes on largest-ever strike
(DBN)

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Utilities:

PREPA judge overrules bondholder objections to disclosure statement
(DBN)

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Sports:

Bankruptcy judge approves NBA’s agreement with Bally Sports but MLB and Sinclair have objections
(DBN)

Sinclair Lawyer: Bankrupt Diamond Sports Group 'Is Now Going to Shut Down'
(DBN)

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Crypto:

Judge denies motion by FTX lawyers to delay the bankruptcy process to 'find out what happened to FTX'
(DBN)

House Lawmakers Ask White House for Data on Hamas Using Crypto
(DBN)

FTX Greenlit to Reimburse Non-U.S. Creditors’ Legal Fees
(DBN)

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Education:

Israel-Hamas war roils UC over the line between free speech and unacceptable behavior
(DBN)

Students for Justice in Palestine becomes flashpoint in college antisemitism, free speech debate
(DBN)

Florida Republicans target scholarships, grants for students supporting Hamas
(DBN)

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Celebs:

Erika Girardi Shares Her Struggle for Financial Independence Following Divorce Erika Girardi Admits Path to Financial Independence Was 'Frightening' and 'Soul-Crushing' After She Left Tom
(DBN)

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Economy:

Retail Sales Decreased 0.1% in October
(DBN)

Consumer spendings hangs on, as holiday season ramps up
(DBN)

Now that inflation is slowing, here's when 10 experts think we'll see a recession
(DBN)

Most Americans Have Just $5,300 In Savings As Stimulus Dries Up
(DBN)

US debt is a 'noose' around the economy and makes a strong case for moving money to safer markets, veteran strategist says
(DBN)

Fed Flattens Inflation, But Probably Won't Get Credit For It
(DBN)

Poor men south of Richmond? Why much of the rural South is in economic crisis
(DBN)

Women bear the brunt of financial stress in the US economy, study says
(DBN)

Conservatives tank procedural vote on appropriations measure, signaling trouble House GOP starts Thanksgiving recess early after hardliners revolt on spending bill Conservatives Rebel Again Over Spending in the House Chuck Schumer Seeking Deal for Quick Senate Vote to Avoid Shutdown Senate passes bill to avert government shutdown with bipartisan support
(DBN)

Our national debt crisis remains unsolved
(DBN)

The dream economic scenario might be back on the table, as inflation cools and growth surges
(DBN)

US economy cools as retail sales dip, monthly producer prices decline
(DBN)

October's Goldilocks inflation report sparked the biggest sell-off in the dollar all year as investors eye looser Fed policy
(DBN)

Why Gen Zers skip their lunch break
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

WE (Part Deux) WeWork’s Creditors Extend Far Beyond Its Landlords
(DBN)

Squeezed Property Owners Put Their Faith in the Fed
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

AIA: "Continuing Decline in Architecture Billings"; Multi-family Billings Decline for 15th Consecutive Month
(DBN)

Sellers are doling out freebies to home buyers as sales stall and high mortgage rates freeze the housing market
(DBN)

New York Home Sales Jump In October Despite High Mortgage Rates
(DBN)

State of the U.S. Office Market - Q3 2023
(DBN)

Bankruptcy at an Illinois retirement community has financial impact on residents and families too
(DBN)

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Municipalities:

Puerto Rico Was Supposed to Be John Paulson’s Paradise. Then Came the Lawsuits.
(DBN)

A town that became 'one giant Airbnb' is now facing a reckoning
(DBN)

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Oil/Gas:

Hydrogen Fuel Is Gaining Traction With Truckers
(DBN)

French Fund Rule Puts $7.6 Billion of Oil, Gas Assets at Risk
(DBN)

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Healthcare:

Bankruptcy filings trend up, with long-term care still showing ‘substantial distress’
(DBN)

Play Chicken with Three Hospitals but Prepare for Bankruptcy
(DBN)

Attorneys who helped University of Iowa acquire Mercy Hospital bill $1.8M
(DBN)

Insurance Executives Refused to Pay for the Cancer Treatment That Could Have Saved Him. This Is How They Did It.
(DBN)

Global decline in male fertility linked to common pesticides
(DBN)

Report: Workers Trust Employers More Than Insurers With Their Health
(DBN)

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Climate:

US-EU unity ruptures over climate damage payments
(DBN)

The Economic Slowdown Is Making Decarbonization Harder for Companies
(DBN)

Study Finds ‘Net Zero Greenwash’ Is Common in Corporate World
(DBN)

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Food/Beverage:

Remodels, a pandemic and Brazil led to the bankruptcy of a Wendy's franchisee Wendy’s franchisee with 73 restaurants files for bankruptcy as CEO says it’s the ‘wisest decision’
(DBN)

I went to 3 Burger Kings in New York City and saw firsthand why the fast-food giant is closing hundreds of restaurants
(DBN)

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Banking:

An FDIC supervisor reportedly invited staff to a strip club and senior bank examiners texted nude pics to female employees. They're still employed FDIC Chair takes heat over stunning allegations of sexual harassment and discrimination at agency
(DBN)

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Transit:

Fire damaged LA freeway to be closed 3 to 5 weeks
(DBN)

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Retailing:

US Shoppers Take a Breather, Prices Ease in Sign of Cooling Economy US Retail Sales Fall by Less Than Forecast Ahead of Holidays
(DBN)

Toys R Us opening 24 new flagship stores
(DBN)

REI accused of widespread labor law violations at unionized US stores
(DBN)

Burberry shares sink 9% as luxury spending slowdown bites
(DBN)

‘Everything’s Locked Up’: Shoppers Turn to Amazon as Big-Box Retailers Combat Theft Target CEO claims customers are saying ‘a big thank you’ for locking up merchandise
(DBN)

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Politics:

Why Republicans Are on the Verge of Fistfights GOP fighting in Congress could hurt Republican election chances in 2024, some conservatives worry US Senator Markwayne Mullin unrepentant about challenging teamster boss to fight during hearing
(DBN)

Trump signals he’s out for revenge in second term
(DBN)

Trump’s violent talk shows signs of taking over Congress
(DBN)

How the next Republican president could stop most abortions without Congress
(DBN)

Mike Johnson’s resume includes being a board member of a Christian publishing house that called ‘monkeypox’ a penalty for being gay
(DBN)

Mike Johnson: ‘Depraved’ America Deserves God’s Wrath
(DBN)

Under Johnson, House Republicans still look ungovernable
(DBN)

Speaker Johnson says Biden impeachment inquiry has his ‘full and unwavering support’
(DBN)

N.H. sets presidential primary date for Jan. 23, defying Biden’s new primary order
(DBN)

Haley emerges as second to Trump in New Hampshire: Poll
(DBN)

Jamie Dimon called Nikki Haley about cutting federal benefit programs DNC targets Nikki Haley over Social Security and Medicare reform talk
(DBN)

Critics rip Nikki Haley over vow to require all social media users be verified: 'blatantly unconstitutional'
(DBN)

US support for Israel is declining amid ongoing war in Gaza: Survey
(DBN)

Musk: Jews Getting What They Deserve ‘Unvarnished Anti-Semitism’: Elon Musk Catches All Hell for Agreeing With Bigoted Tweet Elon Musk is accused of promoting anti-Semitism after agreeing with a post that claimed Jewish people have been 'pushing hatred against whites'
(DBN)

Dershowitz: Hamas is murdering Palestinian babies in Gaza hospitals
(DBN)

Jewish NYC high schoolers verbally attacked by woman on DC train after National Mall rally: 'F–k all you guys'
(DBN)

Hundreds of ‘violent’ anti-Israel protesters 'begging for ceasefire' clash with Capitol cops outside DNC headquarters — 6 officers injured
(DBN)

Massachusetts town approves proposal to fly Palestinian flag
(DBN)

Distrust in scientists rises among both Republicans and Democrats: poll
(DBN)

Trump's new Latino strategy casts him as victim of socialists
(DBN)

Disney says it has $40B economic impact on Florida amid DeSantis court fight
(DBN)

Sen. Joe Manchin says he 'absolutely' would consider a presidential run Manchin ‘considering’ leaving Democratic party
(DBN)

Asa Hutchinson has no plans to drop out of presidential race despite low polling
(DBN)

Jeffries calls testy GOP exchanges just another episode of ‘Republicans Gone Wild’
(DBN)

Abortion-rights advocates eye more wins after Ohio ballot success
(DBN)

Republicans love state voters’ rights — until they choose marijuana
(DBN)

Left-leaning nonprofit poured $196 million of secret money into political world in 2022
(DBN)

House braces for Santos Ethics report House Ethics report won’t recommend punishment against George Santos
(DBN)

GOP senators plan new push to confirm military nominees, challenging Tuberville
(DBN)

Michigan Lawmakers Signed Nondisclosure Agreements, Can't Discuss Corporate Welfare Scheme
(DBN)

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New Bankruptcy Opinions
(3 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 (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

Notable Subchapter V Bankruptcy Opinions: August and September Edition
(DBN)

Tips For Subchapter V Creditors
(DBN)

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Sales:

U.S. Supreme Court’s Section 363(m) Holding Provides Negotiating Leverage to Purchasers and Parties in Interest in Bankruptcy Sales
(DBN)

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Litigation Finance:

Litigation Finance Group Shrugs Off Forced Disclosure Push
(DBN)

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Bankruptcy Fees:

Miscellaneous Fee Schedule Changes Effective 12/1/2023
(DBN)

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Mass Torts:

Bankrupted by Sandy Hook families, Alex Jones wants to sell SUVs, boats, 49 firearms to Infowars fans
(DBN)

Archdiocese mounts legal test of watershed Maryland Child Victims Act
(DBN)

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Aviation:

Plane turns back to JFK after horse escapes on board
(DBN)

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Autos:

Tesla's backtracked $50,000 resale fee could be a sign the Cybertruck isn't destined for the mainstream yet
(DBN)

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Bankruptcy Crimes:

Agoura Hills Developer Sentenced to 41 Months for Fraud and Tax Evasion in West Los Angeles Case
(DBN)

North Kingstown contractor admits to bankruptcy fraud
(DBN)

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Television:

Tv Azteca’s $400 Million Debt Restructuring Offer Rejected by U.S. Creditors
(DBN)

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Student Debt:

Senate Republicans fail to stop Biden’s new student loan income-driven repayment plan
(DBN)

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Nursing Homes:

Biden faces tricky political calculus on nursing home staffing plan
(DBN)

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Autos:

Buffett Sold All of His Stock in General Motors
(DBN)


____________

Ride Hailing:

Cruise is taking all its vehicles off public roads amid expanded safety probe, staff changes
(DBN)

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Media:

Americans flock to TikTok for news
(DBN)

____________

Fraud:

Ex-Platinum Partners manager sentenced to probation for securities fraud
(DBN)

Two former NBA players convicted over roles in health care fraud
(DBN)

Hedge Fund Fraudster Spared Prison by Judge Skeptical of Government's Case
(DBN)

____________

Water:

In small Pennsylvania towns, city water systems are being privatized—and residents pay the price
(DBN)

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Tech:

AI is already great at faking video and audio, experts say
(DBN)

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Sovereigns:

Official creditors rejected Zambia bond rework deal as too generous to bondholders
(DBN)

Ghana Sees Debt Deal to Unlock IMF’s $600 Million in Coming Week
(DBN)

Pakistan Wins Initial IMF Deal for $700 Million
(DBN)

____________

UK:

Council to sell assets in bid to avoid bankruptcy
(DBN)

Birmingham’s budget crisis won’t be solved by another round of Tory cuts
(DBN)

Nottingham city council surrenders lease of 3 buildings for 'substantial payment'
(DBN)

Britishvolt owner reportedly faces legal action over unpaid wages
(DBN)

Sunak Scrambles to Contain Tory Revolt After Immigration Defeat UK’s Rishi Sunak doubles down after Supreme Court blow to Rwanda deportation plan Sunak Says UK to Legislate to Say Rwanda Is Safe Country
(DBN)

In Britain, Reality Is Cleaving in Two
(DBN)

UK Rates May Need to Stay Higher for Longer, BOE Policymaker Greene Says
(DBN)

____________

EU:

High interest rates have hit growth more than expected, EU says
(DBN)

ECB Sends Stark Warning to Bank Executives With ESG Regulation
(DBN)

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Canada:

Rosenberg sees ‘terrifying’ mortgage math bringing Canada rates down quickly
(DBN)

____________

MENA:

Israel and Hamas Appear to Be Near Hostage Deal, Officials Say Dozens of hostages may be freed under possible Hamas-Israel deal: report Germany suggests UN take control in Gaza after Israel-Hamas war ends Wild dogs ‘eating bodies’ of dead at Gaza hospital Their families wiped out, grieving Palestinians in Gaza ask why BBC apologizes after ‘incorrect’ report stated Israeli troops targeted Gaza medical team Israel says it found 'concrete evidence' of Hamas base at al Shifa hospital during raid Hamas Chief Hiding in Gaza Tunnels Is in Israeli Crosshairs Qatar demands “urgent” international probe into Israel’s targeting of Gaza’s hospitals UN Security Council adopts resolution for 'humanitarian pauses' in Gaza On the ground inside Gaza, where Israel is trying to save civilians from Hamas Israel says it has uncovered weapons, military operations in al-Shifa IDF publishes evidence of weapons found inside Shifa Hospital’s MRI center Why Gaza’s largest hospital has become the ‘epicenter’ of Israel’s war on Hamas Israel searches for traces of Hamas in raid of key Gaza hospital packed with patients IDF promises to present more evidence of Hamas command center at Gaza hospital Biden defends Israel incursion into al-Shifa hospital against Hamas ‘headquarters’ Israel orders residents from southern Gaza towns, raising fear of war's spread
(DBN)

US Is Quietly Sending Israel More Ammunition, Missiles
(DBN)

U.S. warns Israel it's violating visa waiver deal with West Bank closure
(DBN)

Gap Grows Between Biden, Bibi Over Gaza
(DBN)

Why a watermelon symbolizes Palestinian solidarity
(DBN)

Iran Increases Stockpile of Near Weapon-Grade Uranium by 5%
(DBN)

Taliban seen patrolling streets of Kabul on rollerblades with AK-47s
(DBN)

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Mexico:

Musk’s Starlink secures $90 million contract to offer free internet in Mexico
(DBN)

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Ireland:

Ireland’s Sinn Féin embraces Palestinians and shuns Israel
(DBN)

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Russia:

Russia’s Key Economic Sectors Shrug Off Sanctions
(DBN)

Being drafted into Russia’s army in Ukraine is becoming a death sentence
(DBN)

Senators worry spending deal puts Ukraine aid in jeopardy
(DBN)

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Peru:

Peru Recession Deepens as Economy Shrinks More Than Forecast
(DBN)

____________

China:

‘He’s a dictator’: Biden claims progress in Xi meeting, but deep fault lines remain Video shows the moment Antony Blinken winces after Biden calls China's Xi a dictator, upending months of careful diplomacy Biden knew meeting with Xi would unleash a political firestorm Five things we learned from the Biden-Xi meeting Biden and China's Xi agree to resume military-to-military communications Biden and Xi agree to curb fentanyl production China, US Pledge to Fight Climate Crisis Biden-Xi Meeting Delivers Small Wins and Promises of Better Ties Here’s Everything Biden, Xi Agreed to at High-Stakes Summit
(DBN)

China Agrees to Restock the US with Pandas
(DBN)

Xi says U.S. and China can only be adversaries or partners, with no middle ground
(DBN)

The US-China talks may have closed a trap door under the world’s most critical diplomatic relationship
(DBN)

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