November 20, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Layoffs unlikely as law firms see increased revenue from rate hikes, Wells Fargo official says
(DBN)

Biglaw Attorneys Just Aren't Billing As Much As They Used To
(DBN)

After the “Partner Run”: the Dewey & LeBoeuf Diaspora
(DBN)

Prominent US litigator David Boies to step down as law firm leader
(DBN)

Lawyers learn too late that chatbots aren’t built to be accurate; how are judges and bars responding?
(DBN)

Congratulations To The 2024 Skadden Fellows
(DBN)

Law school free speech proposal moves forward after ABA vote
(DBN)

Lawyer Pulls A Bartleby On Disciplinary Committee
(DBN)

Potential Client Wants To Pay A Tax Lawyer $50 To Answer Unlimited Questions For 6 Weeks
(DBN)

'Arrested In Dawn Raids' Is Certainly One Way For A Law Firm To End
(DBN)

Former Biden official Ron Klain to join Airbnb as chief legal officer
(DBN)

The code that broke open the Murdaugh murder case was right at investigators’ fingertips. It still took months to crack.
(DBN)

Sen. Robert Menendez Is Seeking to Change Defense Lawyers in Criminal Case Millionaire accused of bribing Sen. Bob Menendez with gold ‘gave mobster free home’
(DBN)

‘Beyond what a human being can endure.’ A lawyer on life in Gaza
(DBN)

Trump rails against reports Biden won’t be charged over classified documents
(DBN)

Mike Johnson to publicly release 44,000 hours of sensitive January 6 footage
(DBN)

Trump loses bid for mistrial in N.Y. civil fraud case
(DBN)

'MAGA caravan' organizer known as 'Pi Anon' gets years behind bars for Jan. 6
(DBN)

Trump shares article parading sexy photos of his lawyer
(DBN)

Judge denies Trump bid to remove mention of violence at Capitol in Jan. 6 indictment
(DBN)

Trump ‘engaged in an insurrection,’ judge says, but should remain on Colorado ballot Where efforts to disqualify Trump from 2024 ballot stand Group asks Michigan Supreme Court to hear an appeal of a ruling in Trump ballot case
(DBN)

Trump attacks NY judge’s clerk as gag order is temporarily lifted
(DBN)

Trump Gets In One More Gonzo Motion Before DC Gag Order Hearing Monday
(DBN)

Trump 'Made His Own Bed,' Cannot Add Witness for Writer's Trial - Judge
(DBN)

Trump is trying to use campaign to dodge criminal consequences, Manhattan DA says
(DBN)

CNN analyst: Report on California grand jury ‘bad news’ for Hunter Biden
(DBN)

I Read Mike Johnson’s Legal Filings. They Reveal a Distinctive Pattern
(DBN)

Turner: FBI director's public comments on U.S. terrorist threats "unusual"
(DBN)

Fears of political violence are growing as the 2024 campaign heats up and conspiracy theories evolve
(DBN)

Musk threatens ‘thermonuclear lawsuit’ against media watchdog, calls advertisers ‘oppressors’
(DBN)

Rules to stop high-risk people buying guns vary too widely to work well
(DBN)

A toddler accidentally fires his mother’s gun in Walmart, police say. She now faces charges
(DBN)

Male nanny sentenced to over 700 years in prison for sexually assaulting 16 boys in California
(DBN)

New federal plan aims to stop hospital cyberattacks
(DBN)

Brazen Burglars Are Crashing Vehicles Into Stores
(DBN)

Supreme Court decision leaves family of a man killed at the border searching for justice
(DBN)

The Next Republican President Has a Plan to Ban Abortion Nationwide Without Congress
(DBN)

Could the FBI’s investigation send New York mayor Eric Adams to prison?
(DBN)

US hate crimes surge
(DBN)

Fugitive Defendant Arrested After Nearly 40 Years on the Run
(DBN)

______________

Judges:

Lawyer pleads guilty to paying federal court clerk for client referrals
(DBN)

Florida’s ban on kids attending drag shows remains blocked after Supreme Court declines to intervene
(DBN)

Justices schedule major cases on deference to federal agencies
(DBN)

______________

Wall Street:

Stock futures are little changed to start the shortened Thanksgiving holiday week
(DBN)

The stock market incorrectly priced in dovish Fed pivots 6 times in the last few years. Will this 7th time be any different? Fed’s Mester says markets’ focus on interest-rate cuts is premature Markets are cheering the prospect of rate cuts next year, but it's a double-edged sword
(DBN)

Investing veterans break down their outlook for the year ahead as markets return to pre-2008 conditions
(DBN)

______________

Layoffs:

Hyliion announces it will lay off more than 150
(DBN)

Amazon cuts ‘several hundred’ jobs in Alexa division
(DBN)

Thomas J. Henry Law firm downsizes, possibly affecting over 100 employees
(DBN)

______________

Tech:

X is placing ads for Amazon, NBA Mexico, NBCUniversal, and others next to content with white nationalist hashtags Feds Pull Millions in Advertising on Twitter What makes the X advertiser revolt different from other boycotts Elon Musk May Have Just Signed X’s Death Warrant Companies pulling ads from X: Disney, Apple, IBM and more Musk threatens ‘thermonuclear lawsuit’ as X ad boycott gathers pace Andrew Tate said he'd give $1M a month to Elon Musk after major companies suspended their ad campaigns on X. It's not nearly enough to help him.
(DBN)

How Elon Musk, for Many, Went Too Far - WSJ
(DBN)

Sacha Baron Cohen tells TIKTOK 'you're creating biggest anti-Jew movement since Nazis'
(DBN)

Sam Altman ousted as CEO of ChatGPT parent OpenAI in surprise move Sacked OpenAI boss Sam Altman to join Microsoft Microsoft hires Sam Altman and Greg Brockman to lead new AI research unit No "malfeasance" behind Sam Altman's firing, OpenAI memo says The Doomed Mission Behind Sam Altman's Shock Ouster From OpenAI OpenAI's new CEO Emmett Shear said the company handled Sam Altman's ousting 'very badly' and 'seriously damaged our trust' OpenAl is building the most powerful tech in the world. The public should be told what Sam Altman lied to the board about. Former OpenAI president details timeline of Sam Altman's ouster OpenAI is bleeding talent in the wake of Sam Altman's ouster Details emerge of surprise board coup that ousted CEO Sam Altman at OpenAI Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman What to know about OpenAI after CEO Sam Altman's bombshell firing Sam Altman was booted as boss of ChatGPT maker OpenAI over fears he was ignoring dangers of artificial intelligence Sam Altman’s last days as OpenAI CEO gave no indication trouble was brewing OpenAI shakeup has rocked Silicon Valley, leaving some techies concerned about future of AI Who is new OpenAI CEO Emmett Shear? All you need to know about the man replacing Sam Altman Emmett Shear, OpenAI's new interim CEO, shares Sam Altman's worry that AI could destroy all life OpenAI co-founders are owning their exit narrative with very few words The culture clash behind OpenAI's CEO firing OpenAI investors push to bring Altman back as CEO one day after he was ousted by board
(DBN)

How Big Tech Generated Billions In Fines... Then Didn't Pay Them
(DBN)

More than half of tech workers think AI is overrated, study finds
(DBN)

Blue-eyed 'AI Jesus' threatens damnation if viewers ignore his TikTok commandments
(DBN)

The creepy AI-driven surveillance that may be infiltrating your workplace
(DBN)

Hackers Complain to SEC That Company They Hacked Failed to Disclose the Incident
(DBN)

____________

Banking:

House GOP launches FDIC investigation 'The general’s at risk': FDIC controversy threatens plans to rein in Wall Street
(DBN)

____________

Radio:

Bankrupt Bay Area radio station sells for $3.75 million to Seattle's KEXP
(DBN)

____________

Climate:

Gripped by drought, this island is running out of drinking water
(DBN)

‘The silent pandemic’: A hotter world makes it harder to stop the spread of deadly superbugs
(DBN)

Earth likely briefly passed critical warming threshold on Friday
(DBN)

Tx. Board Rejects Science Books That Teach Climate Change
(DBN)

The Arctic permafrost is 1,000 years old. As it thaws, scientists worry what it might unleash
(DBN)

____________

Hotels:

Occupancy Rate Increased 0.8% Year-over-year
(DBN)

____________

Trucking:

Layoffs and bankruptcies pile up in logistics amid shocking downturn
(DBN)

____________

Hedge Funds:

Legendary short-seller Jim Chanos slams Elon Musk supporters as news emerges that the Tesla bear will shut down his funds
(DBN)

____________

Autos:

Wall Street Profits from High-Risk Car Loans: Echoes of the Subprime Crisis
(DBN)

____________

Cannabis:

The biggest pot distributor in California has collapsed
(DBN)

____________

Tax:

IRS Urged To Crack Down On Wealthy Tax Cheats In Puerto Rico
(DBN)

____________

Maritime:

Seized Vessel in Red Sea Revives Fears of Shipping Disruptions
(DBN)

____________

Economy:

Falling prices may sound good, but deflation can be dangerous. Here’s why
(DBN)

Fed’s Susan Collins says more rate hikes can’t be taken off the table yet
(DBN)

Fed Officials Rely on Real-Time Anecdotes Over Data to Bolster Case for Patience
(DBN)

JPMorgan, Citi Are Divided on Corporate America’s Profit Outlook
(DBN)

Why Americans feel gloomy about the economy despite falling inflation and low unemployment
(DBN)

Q4 GDP Tracking: Close to 2%
(DBN)

Stocks may crash 30%, a recession looks imminent, and commercial real estate is a bubble about to burst, market prophet says.
(DBN)

Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse
(DBN)

Pockets of price deflation might be around the corner — just ask Walmart
(DBN)

Americans Are Still Fleeing High-Tax States
(DBN)

Tipping once rewarded good service. Now it determines how consumers are treated
(DBN)

Not a World War But a World at War
(DBN)

Here's Why The Economist's 'World Ahead' Guide Called Donald Trump the "Biggest Global Threat" in 2024
(DBN)

In charts: The shifting tides of US immigration
(DBN)

A job? Check. A place to live? Not so much.
(DBN)

Gen Z is worried they're going to raise a generation of iPad kids
(DBN)

Millennial and Gen Z parents are struggling
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

Housing Starts Increased to 1.372 million Annual Rate in October October Housing Starts: Near Record Number of Multi-Family Housing Units Under Construction
(DBN)

America's homebuyers are getting older
(DBN)

Lawler: Early Read on Existing Home Sales in October
(DBN)

Share of US homes owned outright rises to an all-time high thanks to aging boomers paying off their record-low deals
(DBN)

Downtowns Are Full of Empty Buildings. Universities Are Moving In.
(DBN)

The Fascinating Rise, Fall and Rebirth of Streetcar Suburbs
(DBN)

WeWork has failed. Like a lot of other tech startups, it left damage in its wake
(DBN)

HAP throws Washington Heights project into bankruptcy
(DBN)

The Property Brothers Destroyed Our Home
(DBN)

Deutsche Bank Seeks Buyer For 222 Broadway Amid Office Space Crisis
(DBN)

____________

Municipalities:

Chester, PA Chapter 9 Court Confirms Certain Municipal Financing Techniques, Raises Concerns About Others
(DBN)

____________

Oil/Gas:

Oil prices fall to four-month low as inflation slows
(DBN)

Oil Prices Rise on Expectations of Deeper OPEC+ Cuts
(DBN)

Gas Tax Increases Still a Hard Sell in States and Congress
(DBN)

The Electric Revolution Is Coming for Your Lawn Mower
(DBN)

____________

Labor:

Ford and Stellantis workers join those at GM in approving contract settlement that ended UAW strikes
(DBN)

Hollywood strikes are a taste of AI labor battles to come
(DBN)

____________

Crypto:

He lost $200,000 when FTX imploded last year. He's still waiting to get it back
(DBN)

A Year After FTX: The Lesson Europe Has Fixated On
(DBN)

FBI arrests three men in alleged multi-million dollar crypto laundering scheme
(DBN)

FTX creditor claims increase to as high as 65 cents on the dollar
(DBN)

____________

Hedge Funds:

Short-seller Jim Chanos to close hedge funds, return cash to investors
(DBN)

____________

Skiing:

An Italian ski resort shut down by climate change plans to reopen with artificial snow. Not everyone is happy
(DBN)

____________

Retailing:

US retail sales slip in October; median default risk ticks up
(DBN)

What America’s shoplifting panic is really about
(DBN)

Bed Bath & Beyond’s rocky year: Can a new CEO lead it back to growth?
(DBN)

____________

Food/Beverage:

‘Bloodbath’: Here’s what’s pushing wineries into the red
(DBN)

____________

Celebs:

Former first lady Rosalynn Carter dies at 96
(DBN)

Kanye West Drops New Song ‘Vultures,’ First Track Since Antisemitic Meltdowns Ruined His Career
(DBN)

Celebrities Who Refuse to Perform in Israel
(DBN)

____________

Entertainment:

Hollywood faces painful next episode
(DBN)

____________

Education:

Cornell and Columbia among 7 schools under scrutiny for antisemitism, Islamophobia
(DBN)

Students Are Missing School at an Alarming Rate
(DBN)

Navy SEAL Causing Anti-Trans School Board Chaos Is Under Investigation
(DBN)

Indian students fuel international enrollment at American colleges
(DBN)

'It’s very scary': Jewish and Muslim students at this large state university say they don't always feel safe
(DBN)

____________

Event Facilities:

Muni Bond Blowup Exposes Flaws in $600 Billion Corner of Market
(DBN)

____________

Politics:

America is Big Mad
(DBN)

Donald Trump opens up stunning thirty-nine point lead over Ron DeSantis in GOP rivals' home state of Florida
(DBN)

Trump picks up the endorsement of Texas Gov. Greg Abbott during a visit to a US-Mexico border town
(DBN)

The incredible shrinking GOP presidential field
(DBN)

Poll: Biden’s standing hits new lows amid Israel-Hamas war Trump wins over Biden in NBC poll for the first time, as president's approval craters to new low Joe Biden is facing a near-historic deficit for an incumbent Biden’s 81st Birthday Highlights Biggest Liability for 2024 Biden campaign facing heat over plans to deal with his age Obama's 2008 guru David Axelrod warns Joe Biden is in big trouble ahead of 2024 election The Axe Is Sharp David Axelrod doubles down on Biden criticism after president reportedly called him a 'prick' Obama’s top campaign guru David Axelrod believes Biden chances in 2024 ‘no better’ than a 50-50 Biden Keeps Talking About the Old Days. Young Voters Don’t Like It Biden's foreign policy moves not impressing voters, new poll shows How to read Biden's bad polls 5 ways Democrats are coping with Biden’s terrible polls
(DBN)

Is it time for America's elder statesmen to retire?
(DBN)

Ron DeSantis says Donald Trump is too old to be president: 'Father Time is undefeated'
(DBN)

White House blasts Elon Musk for promoting ‘Antisemitic and racist hate’ DeSantis refuses to condemn Elon Musk for endorsing antisemitic conspiracy theory Elon Musk Defends Himself on X After Antisemitic Furor Deepens
(DBN)

What’s driving young Americans’ political shift on Israel
(DBN)

As Democrats stay divided on Israel, Jewish voters face politically uncertain future
(DBN)

Meet the Secret Donors Who Fund AIPAC’s Israel Trips for Congress
(DBN)

Latino backlash grows over Donald Trump’s friendly Univision interview
(DBN)

Neo-Nazis with swastika flags hold 'disgusting and repugnant' demonstration in Madison, Wisc. University of Wisconsin-Madison condemns neo-Nazi march in the city
(DBN)

In a swing Wisconsin county, everyone is tired of politics
(DBN)

Pro-Palestinian protesters enter Fox News building
(DBN)

California Democrats say pro-Palestinian protesters who broke rules will be ‘held accountable’
(DBN)

Multiple congressional offices hit with pro-Palestinian vandalism
(DBN)

GOP House Ethics chair files new bid to expel George Santos after scathing report alleges theft Nearly 60 new House members say they will vote to expel Santos
(DBN)

McCarthy predicts Gaetz will meet similar fate of expulsion from Congress as Santos, denies attacking Burchett
(DBN)

African and Caribbean nations agree move to seek reparations for slavery
(DBN)

Christian conservatives are building a fortress — and preparing for anarchy
(DBN)

____________

New Bankruptcy Opinions
(2 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (10 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

The Adult Survivors Act launched over 2,500 sex abuse suits. Now, it’s expiring
(DBN)

Archdiocese of Baltimore floats short window, comparatively, for sex abuse claims
(DBN)

Boy Scouts Abuse Victims Risk Losing Millions Over Filing Errors
(DBN)

Rite Aid moves to block opioid lawsuit during bankruptcy
(DBN)

____________

Insurance:

Fifth Circuit Holds Bankruptcy Estate Can Control Liability Proceeds in Certain Texas Cases
(DBN)

Eye on Litigation Risk Insurance
(DBN)

____________

Trustees:

BK SD CA: Retirement of Chapter 13 Trustee
(DBN)

____________

DIP Finance:

Wall Street’s Favorite Bankruptcy Tactic Gets Loans Repaid in Cash
(DBN)

____________

Venue:

Texas Bankruptcy Panel to Survive Ethics Scandal of Its Creator
(DBN)

WeWork bets on New Jersey’s bankruptcy track record
(DBN)

____________

Aviation:

Airlines brace for record Thanksgiving air travel Holiday travelers can expect cheaper flights, packed hotels and lots of boomers
(DBN)

SpaceX’s Starship rocket reaches space but is intentionally destroyed mid-flight Another Rapid, Unscheduled Disassembly
(DBN)

____________

Transit:

Greyhound stations are leaving downtowns after sale to notorious investment firm
(DBN)

___________

Media:

The Washington Post takes the “unusual step” of publishing graphic photos from mass shootings
(DBN)

____________

Ride Hailing:

Cruise Exec Omitted Pedestrian Dragging In Summary of Self-Driving Car Incident to California DMV, Email Shows
(DBN)

Cruise CEO Kyle Vogt resigns from GM-owned robotaxi unit Cruise CEO Kyle Vogt resigns amid safety woes for self-driving car firm
(DBN)

____________

Religion:

Mormon leaders accused of 'covering up' a decades-long 'epidemic' of sexual abuse that rivals scandals in Catholic church
(DBN)

Catholic priest gets life in prison for grooming and sex trafficking young boys
(DBN)

____________

Sports:

Amid a complicated broadcast mess, MLB searches for some stability
(DBN)

Everton gets biggest sporting sanction in EPL history of 10 points for breaching financial rules
(DBN)

____________

Pharma:

Timber Pharmaceuticals files for Chapter 11 in wake of failed merger
(DBN)

Oxurion to file for bankruptcy following trial failure
(DBN)

____________

Healthcare:

AG involved in MGH medical records case
(DBN)

Adventist Health backs out of plan to reopen Madera Community Hospital
(DBN)

Nov 17th COVID Update: Deaths and Hospitalizations Decreased
(DBN)

The US Army is having a hard time recruiting. Now it's asking soldiers dismissed for refusing the COVID-19 vaccine to come back.
(DBN)

States rethink Medicaid enrollment efforts as millions lose coverage
(DBN)

Fact-checking 3 claims in Tucker Carlson’s show on trans health care
(DBN)

____________

Sovereigns:

Zambia dealt major setback as official creditors object to bond deal
(DBN)

Impact of debt, reserves, and political stability on Sri Lanka’s financial crisis
(DBN)

Argentina Investors Cheer Milei Victory, Brace for Peso Selloff
(DBN)

____________

UK:

Begbies predicts double-digit growth as insolvencies rise
(DBN)

Welsh councils could face bankruptcy, leaders warn
(DBN)

Southampton City Council may seek government loan
(DBN)

Prime Minister says 'people deserve better' than Nottingham City Council
(DBN)

Equal-Pay Claims Bankrupt Birmingham: A Wake-Up Call for UK
(DBN)

Derbyshire denies facing ‘bankruptcy situation’
(DBN)

Labour councils struggling due to party’s ‘financial mismanagement’, Sunak says
(DBN)

Taxis to school are 'lifeline' for children with special needs but councils face 'unsustainable' transport costs
(DBN)

Families could face council tax hikes of up to £120 a year as councils will be allowed to increase levy by up to five per cent from April
(DBN)

____________

MENA:

Israel approves daily entry of fuel into Gaza after U.S. pressure U.S. close to deal with Israel and Hamas to pause conflict, free some hostages 31 premature babies are evacuated from Al-Shifa Hospital to southern Gaza Washington Post backs down from earlier story on Hamas hostage deal Negotiations to free hostages held by Hamas are closer than ‘perhaps any point,’ White House official says Jewish Democrats lead push for Gaza fuel shipments How Hamas exploited Israel’s reliance on tech to breach barrier on Oct. 7 Israel investigates sexual violence committed by Hamas as part of October 7 horror Video shows tunnel Israeli military believes is connected to Hamas Israel raids terrorists' luxury homes, take over parliament and police headquarters in Gaza WHO: Gaza Hospital is Death Zone with Mass Grave Biden: Palestinian Authority Should Run Gaza Israeli tanks move in on Gaza hospital as 12 reported killed by air strike What CNN saw at the tunnel shaft near Al-Shifa Hospital Israel to Increase Military Offensive in South Gaza
(DBN)

Democrats clash over conditioning aid to Israel Democrats in Senate, House discuss conditioning military aid to Israel
(DBN)

Top White House official refuses to say if Israel is following international law
(DBN)

Biden warns U.S. could sanction Israeli settlers who attack Palestinians Biden orders top aides to prepare reprimands for violent Israeli settlers in West Bank
(DBN)

‘These are biblical lands promised to us’: Jewish settlers in West Bank hope Gaza conflict will help their cause
(DBN)

China calls for ‘urgent’ action on Gaza as Muslim majority nations arrive in Beijing
(DBN)

Information missteps have led to questions about Israel’s credibility
(DBN)

Yemeni Houthi rebels hijack an Israeli-linked ship in the Red Sea and take 25 crew members hostage
(DBN)

Erdogan calls Israel 'terror state'
(DBN)

____________

China:

China changes its tune
(DBN)

U.S., China will seek to limit rising tensions amid domestic challenges, risk analyst says
(DBN)

____________

Russia:

U.S. Court to Proceed with Yukos’ $50 Billion Case Against Russia: What’s at Stake?
(DBN)

Ukraine needs more troops — and it needs them now
(DBN)

Ukraine's Attacks Are Hitting Deeper Inside Russia
(DBN)

Ukraine says Russia launches drone attack on Kyiv for the second night in a row
(DBN)

____________

France:

Brigitte Macron says her 'head was in a mess' when she dated future French president when he was 15 and she was 40 Brigitte Macron says she waited 10 years to marry the French president because her kids were around his age
(DBN)

____________

Australia:

Top Insolvency Lawyer Starts Own Firm after Leaving Australia's Gilbert + Tobin
(DBN)

____________

Argentina:

Milei echoes Trump with fraud claims that inject uncertainty into Argentina's presidential runoff Cliffhanger election with economy at stake Far-right outsider Milei wins Argentina election Argentina elects 'shock therapy' libertarian Javier Milei as president Right-wing populist Milei set to take Argentina down uncharted path: 'No room for lukewarm measures' Why 'Mileionomics' and Argentina's new president could create chaos Milei Upends Argentina's Politics Argentina's new president Javier Milei thinks adopting the US dollar can rescue its screwed economy Argentina elects a new anarcho-capitalist disruptor Argentina Votes for 'El Loco' to be President Trump, Tucker Carlson, Marjorie Taylor Greene, & Online Conservatives Celebrate Argentina’s New Far-Right President Argentina Takes Leap Into Unknown With Javier Milei as President
(DBN)

____________

India:

Weighing the Impact of IBBI’s Proposals for the Real Estate Sector
(DBN)

How billionaire Mittal’s distressed brother got a $500 million bailout far away from India
(DBN)

____________

Germany:

German Budget Shock Major Blow for Economy, Habeck Warns
(DBN)

____________

Brazil:

Bankruptcy Filings Rise in Brazil Amid Post-Pandemic Economic Woes
(DBN)

___________


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