November 22, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Boutique law firm will pay bigger-than-BigLaw bonuses; what will Cravath do? Litigation Boutique Gives 175% Above-Market Bonuses
(DBN)

Biglaw Firms Are ‘Waiting’ To See What Other Compensation Leaders Do Before They Match Milbank
(DBN)

Law Firms Offer Income Partners 'Skin in the Game' With Partial Equity Status
(DBN)

‘Immature sniping’ by BigLaw lawyers could lead to sanctions if it continues, federal judge says
(DBN)

ABA eyes increasing hands-on learning requirement for law schools
(DBN)

Wishing Law School Cost Less? Attending Law School Completely Online Could Be The Answer
(DBN)

Do the math: In-house benefits of legal finance
(DBN)

Bob Menendez’s New Lawyer Shares His Love of Gold Bars
(DBN)

America Needs a Pro-Democracy Conservative Legal Establishment
(DBN)

Judge tosses UPL suit against ‘robot lawyer’ DoNotPay, saying law firm plaintiff was not harmed
(DBN)

2023 Gifts for Lawyers Guide: 14 ideas for Black Friday and Cyber Monday shopping (photo gallery)
(DBN)

Donald Trump may have found his ‘heads-I-win, tails-you-lose’ legal challenge
(DBN)

Donald Trump Speaks Out After Gag Order Lifted
(DBN)

Trump Appeals Carroll Verdict Because It Doesn't Count On A Plane. Or If She Fights You Off. Or ...
(DBN)

Trump critics appeal Colorado ruling that said ‘insurrectionist ban’ doesn’t apply to presidents
(DBN)

Pro-Trump lawyer who pleaded guilty says he 'needs' to 'meet with counsel' in other states
(DBN)

Donald Trump has worst day yet in NY civil fraud trial as underling's scribbled note ties him to conspiracy
(DBN)

Trump's lawyer 'stonewalled' court because he knew he was going to lose: legal experts 'Trump's lawyer sounded like an anarchist freak' at gag order hearing: expert Donald Trump's Lawyer Made One Big Courtroom Mistake
(DBN)

'Shut up!' Lawyer bashes 'fake electors' blaming Trump for Michigan scheme
(DBN)

Trump will be jailed due to his ‘narcissism,’ ex-White House lawyer says
(DBN)

Trump Org exec bursts into tears in trial witness box: reports In tears, ex-Trump exec testifies he gave up company job because he was tired of legal woes
(DBN)

Trump Org exec admits Mar-a-Lago was valued as private home and not a club: reports
(DBN)

‘Epidemic of violence’ targets transgender community, with at least 33 deaths cited in report
(DBN)

Michigan deploys AI to detect guns at state Capitol
(DBN)

Lawyer for Michigan school shooter's mom threatened with jail time: report
(DBN)

4 Las Vegas high school students charged with murder as adults in classmate’s fatal beating
(DBN)

'It was the only way we all wouldn't burn': Mom gets life for slitting kids' throats
(DBN)

4 policy fixes to address the paradigm shift at the southern border
(DBN)

74 percent in new poll support more funding for border security
(DBN)

Asylum in America, by the Numbers
(DBN)

Golfer Traps Suspect in Port-a-Potty During Police Chase in Alleged Stolen Car
(DBN)

Poll: Gun ownership reaches record high with American electorate
(DBN)

Shooting at Ohio Walmart leaves 4 wounded and gunman dead, police say Walmart Speaks Out After Two Mass Shootings Occur at Stores Within 24 Hours
(DBN)

Manhunt Launched After 3 Shot Dead in Colorado Property Dispute
(DBN)

Dog sniffs out 354 pounds of meth hidden in pickup truck at U.S. border
(DBN)

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Judges:

The downfall of the judge who dominated bankruptcy in America
(DBN)

BK SD NY: Bankruptcy Judgeship Vacancy - Extension of application period until December 8, 2023
(DBN)

Ban on approaching or recording hunters violates First Amendment, 7th Circuit says
(DBN)

Judge James Ho Uses Fifth Circuit Decision To Audition For Supreme Court. Again.
(DBN)

______________

Wall Street:

Nasdaq 100 futures tick lower
(DBN)

US stocks end streak of gains as Fed minutes indicate a restrictive policy outlook
(DBN)

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Layoffs:

Video game company layoffs are creating an industry crisis
(DBN)

Global healthcare company announces layoffs in New Jersey after huge drop in profits
(DBN)

Colorado Aerospace Company announces layoffs after completion of spaceship
(DBN)

Private Ambulance Company Announces Layoffs in Pennsylvania After Losing Contract
(DBN)

______________

Politics:

Democratic PAC shifts cash out of its account as it gets hit with one of the biggest state election board fines ever
(DBN)

Jewish lawmaker leaves Progressive Caucus over Israel rift
(DBN)

Obama’s ex-National Security Council chief denies he is an ‘Islamophobic guy’ after being ID’ed as man asking halal cart vendor if he raped his kids Killing 4,000 Palestinian children 'wasn't enough', ex-Obama adviser tells vendor in verbal attack
(DBN)

Second senator calls for cease-fire in Gaza
(DBN)

Biden says ‘things are looking good’ on Hamas releasing hostages
(DBN)

The Senate Is Getting Less Democratic by the Minute
(DBN)

Trump calls to ‘revamp the RNC’ if GOP debates go ahead
(DBN)

Many former Trump aides say he shouldn’t be president. Will it matter?
(DBN)

Top Iowa evangelical backs DeSantis over Trump in US presidential race
(DBN)

In Field Of Would-be Trumps, Haley Gains Ground
(DBN)

Republican megadonor Mercer family weighs backing Trump as they maintain massive war chest
(DBN)

Ignore Trump? Democrats Now Want Him Plastered All Over the News.
(DBN)

Matt Gaetz Faces a Revolt in His Hometown
(DBN)

Johnson Pays Trump Visit as He Faces Mounting Criticism from the Right
(DBN)

Mike Lindell Offers 'Free Shipping on Everything' in Bid to Save MyPillow
(DBN)

The Way Nevada Will Pick the GOP Presidential Nominee Is A Mess
(DBN)

Did a Cafe’s Pro-Israel Stance Cause a Staff Revolt? It’s Complicated.
(DBN)

Wisconsin Court Hears Case That Could Upend State Politics
(DBN)

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Sports:

MLB hires Josh Clark to oversee video content distribution in wake of Diamond bankruptcies
(DBN)

Key sports company stares down Chapter 7 bankruptcy
(DBN)

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Healthcare:

Nacogdoches hospital files for bankruptcy
(DBN)

____________

Wood Pellets:

The Trade That Backfired for America’s Biggest Wood-Pellet Exporter
(DBN)

____________

Crypto:

Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’
(DBN)

Binance Sees Outflows With BNB, Altcoins Down After Plea Deal
(DBN)

Hamas Use of Binance Cited in $4.3 Billion Settlement With US Founder of Binance, world’s largest crypto exchange, pleads guilty to anti-money-laundering charge Changpeng Zhao, Brawling Titan of Binance, Meets a Sudden Defeat
(DBN)

Regulators Are Coming for Rule-Breaking Crypto Founders Like Binance’s CZ
(DBN)

‘They’re Playing a Game’: What New Yorkers Think of the SEC’s War Against Crypto
(DBN)

Mt. Gox Repayment Plan Signals New Hope for Creditors After Long Wait Mt. Gox’s long-awaited repayment: the former crypto exchange announced the start of refunds for creditors
(DBN)

____________

Economy:

Fed Minutes Show Unity on Cautious Approach to Future Rate Hikes FOMC Minutes: "All participants agreed that the Committee was in a position to proceed carefully" Fed gave no indication of possible rate cuts at last meeting, minutes show
(DBN)

There are now more central banks cutting interest rates than those hiking them: Deutsche Bank analysis
(DBN)

Central banks are cutting interest rates at fastest clip in years. When will the Fed join them?
(DBN)

‘Funflation’ drives sporting event ticket prices up a whopping 25%
(DBN)

Corporate America Is Rethinking Diversity Hiring
(DBN)

Corporate America's revenues are roaring back
(DBN)

Millennials say they need $525,000 a year to be happy. A Nobel prize winner’s research shows they’re not wrong.
(DBN)

Banking giant warns of bonus cuts if staff work from home too often
(DBN)

Australian Bank Tells Staff to Return to Office or Face Pay Cut
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Home vacancies near all-time lows as housing shortage bites
(DBN)

Europe’s central bank sounds a warning on the world’s empty offices
(DBN)

Mortgage demand jumps to six-week high as interest rates continue to drop
(DBN)

Spurned WeWork landlords push back as rent talks heat up Bankrupt WeWork enters financing agreements with certain lenders Proptech Firms on WeWork’s Collapse: We’re Here For This WeWork’s Third-Quarter Loss Widens as Landlords Object to Its Restructuring Plan
(DBN)

Helical Faces 25% Vacancy Rate After WeWork’s Bankruptcy Filing
(DBN)

US home sales on pace for the worst year since 1993 Home sales fell to a 13-year low in October as prices rose NAR: Existing-Home Sales Decreased to 3.79 million SAAR in October; New Cycle Low, Months-of-Supply Close to 2019 Levels
(DBN)

After WeWork's Bankruptcy, Competitors Carve Out New Models for Growth
(DBN)

____________

Municipalities:

Puerto Rico gets good economic and revenue news
(DBN)

Some of America’s Costliest Cities Offer Best Middle-Class Life
(DBN)

____________

Oil/Gas:

The money you are saving at the pump this holiday season is probably only temporary
(DBN)

Oil Spill Off Louisiana Coast Shuts Output From Seven Drillers
(DBN)

Glencore Sends a Oil Tanker Thousands of Miles to Dodge Chaos of Panama Canal
(DBN)

____________

Climate:

America's greenest state is deep deep red
(DBN)

Brazil records hottest-ever temperature during unprecedented spring heat wave
(DBN)

Global Shipping’s $3.6 Billion Carbon Bill Is Six Weeks Away
(DBN)

____________

Fraud:

Majority in new survey worried about being tricked by scammer
(DBN)

____________

Tax:

Tax cheats are taking advantage of Puerto Rico — the US government can stop them
(DBN)

____________

Autos:

Judge finds evidence that Tesla, Musk knew about Autopilot defect
(DBN)

Ford to scale back plans for $3.5 billion battery plant as EV demand disappoints, labor costs rise
(DBN)

Mary Barra's $280 Billion Goal Confronts a Litany of GM Hurdles
(DBN)

____________

Personal Finance:

Harvard expert: The happiest workers ignore this common piece of career advice
(DBN)

Georgia woman accidentally tipped more than $7,000 for a Subway sandwich
(DBN)

____________

Retailing:

Bankruptcy judge sets March 1 deadline for Rite Aid reorganization: report
(DBN)

Lowe’s cuts sales outlook as homeowners take on fewer projects; shares slide
(DBN)

Best Buy cuts sales forecast, as holiday shoppers hunt for deals Best Buy Cuts Forecast on ‘Uneven’ Demand Ahead of Black Friday
(DBN)

Shoppers Are Dipping Into Their Savings This Holiday Season
(DBN)

Gucci Sues Several Retailers, Alleging They Sold Counterfeit Products
(DBN)

____________

Television:

US judge dismisses involuntary bankruptcy against Mexico's TV Azteca
(DBN)

A New Warning Sign for Pay TV Erosion
(DBN)

Biden proposes ban on cable cord cutting fees
(DBN)

____________

Education:

Teachers and students grapple with fears and confusion about new laws restricting pronoun use
(DBN)

Maryland Jewish students react to 'Holocaust 2.0' graffiti, Taliban flag appearing on campus
(DBN)

FactCheck: "Half of American high school students are not familiar with the Holocaust."
(DBN)

More schools face Education Department probes over alleged discrimination
(DBN)

____________

Tech:

Elon Musk's 'Thermonuclear Lawsuit' Is Here And It's... Positively Tepid Elon Musk lawsuit against Media Matters isn’t ‘thermonuclear’ nuclear takedown he promised
(DBN)

Sam Altman will run OpenAI no matter what, so it's time for the board to come clean Sam Altman is back as OpenAI CEO just days after being removed, along with a new board Larry Summers and Bret Taylor are joining OpenAI's board as Sam Altman returns Emmett Shear, who ran OpenAI for 72 hours before Sam Altman's return was confirmed, says he's 'deeply pleased' about the news OpenAI's drama has two likely endings. Microsoft will like either one The drama around Sam Altman is an urgent warning Microsoft exec says OpenAI employees can join with same compensation Sam Altman, OpenAI Board Open Talks to Negotiate His Possible Return
(DBN)

Texas attorney general opens probe into Media Matters over report on X ads
(DBN)

U.S. lawmakers accuse X chief Musk of profiting from anti-Israel propaganda
(DBN)

NFL committed to X partnership as Musk’s platform gets heat for hate speech
(DBN)

As A.I.-Controlled Killer Drones Become Reality, Nations Debate Limits The Pentagon is moving toward letting AI weapons autonomously decide to kill humans
(DBN)

____________

Banking:

FDIC Taps Two Directors to Lead Panel Overseeing Culture Review
(DBN)

Florida bill enacts restrictions on people who’ve served on the board of an insolvent bank
(DBN)

____________

Telecoms:

CommScope Tries To Race Past Bankruptcy Court
(DBN)

____________

Student Debt:

Student debt forgiveness: 'Tricked’ sales class grads to get over $30 million
(DBN)

Billions of taxpayer dollars were at risk of fraud under student loan debt relief program
(DBN)

____________

Radio:

Judge Approves Sale Of Stolz Stations; Trio Of Buyers Now Head To FCC.
(DBN)

____________

Pharma:

Generic Drugmaker Endo's Bankruptcy: Lenders Suggest $465M Payment To Settle Dispute With Federal Entities: Report
(DBN)

____________

Ticketing:

Ticketmaster Is in Trouble
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

 

______________

Mediation:

What About Deception In Reaching A Mediated Settlement? (White v. Perron)
(DBN)

____________

SCOTUS:

Purdue: Petitioner Briefs (US Trustee and other anti-release parties)
(DBN)

____________

Cross-Border:

Recognition of restructuring proceedings – perspectives from both sides of the pond
(DBN)

____________

Mass Torts:

Will Ozempic lawsuits be the next big thing in mass litigation?
(DBN)


____________

Aviation:

Airline SAS gets US court nod for $1.2 bln investment lifeline Airline SAS Gets US Court Approval for $1.2 Billion Rescue Plan SAS Set To Leave Chapter 11 Bankruptcy After 1.5 Years
(DBN)

US Airlines Keep Adding Seats They Can’t Get Anyone to Fill
(DBN)

Storm system likely to snarl Thanksgiving travel
(DBN)

How Thanksgiving travelers can beat crowds
(DBN)

Flight delayed or canceled? Here are your rights as a passenger
(DBN)

Commercial Flights Are Experiencing 'Unthinkable' GPS Attacks and Nobody Knows What to Do
(DBN)

WestJet lost a passenger's bag on a domestic flight in Canada. The passenger's AirTag shows it was in Jamaica.
(DBN)

India’s Go First Faces Uncertain Future as Jindal Power Drops Takeover Bid Go First declares insolvency amid engine delivery delays
(DBN)

____________

Celebs:

Elon Musk fights to keep custody battle in Texas, where he'd only have to pay $2,760 a month in child support
(DBN)

Susan Sarandon is slammed for claiming Jews 'are getting a taste of what it feels like to be Muslim' Sarandon dumped by Hollywood agency UTA over anti-Jewish rant
(DBN)

____________

Sovereigns:

Zambia's troubled debt restructuring efforts
(DBN)

____________

UK:

Nottingham's finance chief 'actively considering' whether council can balance the books
(DBN)

UK Lifts National Living Wage by Almost 10% to £11.44 an Hour
(DBN)

Council approves asset sell-off to avoid bankruptcy
(DBN)

Workspace profits jump as demand for flexible offices grows
(DBN)

____________

EU:

Double-Dip Financings: The Next Wave in European Liability Management?
(DBN)

ECB’s Lagarde Says Too Early to Declare Victory on Inflation
(DBN)

Banco Popular shareholders, creditors owed no compensation, EU court says
(DBN)

____________

Canada:

Corporate Attribution in Insolvency: Recent Developments in Aquino and Golden Oaks
(DBN)

Fewer oilpatch companies going bust could spell relief for Alberta's orphan well woes
(DBN)

____________

MENA:

Tentative hostage deal reached pending Israeli approval, sources say Qatar announces Israel-Hamas truce-for-hostages deal that would pause Gaza fighting, bring more aid Israel agrees deal that will see 50 women and children hostages released by Hamas during four-day ceasefire Israeli cabinet meets to vote on deal with Hamas on hostage release and ceasefire Netanyahu convenes government ahead of possible hostage release Israeli Prime Minister Netanyahu says war against Hamas will not stop after cease-fire UNICEF chief marks ‘horrifying milestone’ in Gaza death toll Frustrations spill over in Israel as hostage families demand answers from Netanyahu International law questions abound as Israeli forces raid Gaza hospitals
(DBN)

‘Hope is hard to come by’: In the Red Sea resort of Eilat, Israeli survivors from October 7 face a new threat
(DBN)

US fires on and kills hostile forces after attack in Iraq, US official says
(DBN)

Blinken planning to travel to Israel next week for talks on war in Gaza
(DBN)

EU to continue aid to Palestinians after review shows funds don’t go to Hamas
(DBN)

Our warnings on Hamas were ignored, Israel’s women border troops say
(DBN)

BRICS calls for 'sustained' truce in Israel-Hamas war South Africa Leads Fresh Critique of Israel at BRICS Meeting
(DBN)

____________

Russia:

Majority of Republicans oppose Ukraine aid as partisan divide grows: poll Nearly half of Americans think the US is spending too much on Ukraine aid, an AP-NORC poll says
(DBN)

German defense minister announces €1.3B weapons package during visit to Kyiv
(DBN)

EU Prepares Plan to Give Ukraine Lasting Security Commitments
(DBN)

Russia says co-existence not possible with Ukraine’s current ‘regime’; Kyiv marks uprising anniversary
(DBN)

____________

China:

A welfare analysis of the Chinese bankruptcy market
(DBN)

Chinese Developer Sunac Gets Loan From Huarong as Support Ramps Up
(DBN)

China Puts Country Garden on Draft List of Builders to Support
(DBN)

China Housing’s 'Rotten Tails' Need a Lehman Solution
(DBN)

The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor
(DBN)

Biden skeptical of China’s cooperation on curbing fentanyl: ‘We have to verify it’ Biden Pushes Congress on Funds to Counter Fentanyl After Xi Deal
(DBN)

Secret Warnings About Wuhan Research Predated the Pandemic
(DBN)

Biden and Xi’s meeting sent an important signal for U.S. business in China
(DBN)

Foreign investors have now taken out most of the money they put in China's stock market this year
(DBN)

____________

Argentina:

Argentina’s new leader is a snake-oil salesman with extreme views on abortion, gay rights and more. I fear for my country Meet Argentina’s new president Javier ‘The Madman’ Milei, who clones dogs and thinks people should sell organs Grover Norquist plans a victory lap in Argentina China warns Argentina severing ties would be 'serious mistake' Advice from dogs. A chainsaw to the system. Javier Milei, far-right libertarian, is Argentina's new leader ‘Madman’ Milei Thrills the Rich Who Are Desperate to End Economic Slump Does Javier Milei’s dollarisation plan for Argentina make any economic sense? Milei's Argentina dollarization plan has Latin American precursors
(DBN)

____________

Germany:

Germany freezes new spending as budget crisis deepens Germany Battles ‘House in Flames’ After Budget Ruling Surprise
(DBN)

____________

France:

Supermarket company Casino warns of 2023 losses for core French arm France's Casino blames fierce competition for slower hypermarket recovery
(DBN)

____________

Sweden:

Swedish Landlord SBB Cut Deeper Into Junk Territory by Fitch
(DBN)

____________

South Africa:

South Africa rips up UN refugee treaties in order to curb immigration
(DBN)

South African Port Gridlock Sees Ships Pile Up
(DBN)

____________

Netherlands:

New Fast-Track Liquidation Procedures in the Netherlands
(DBN)

Qwic Declares Bankruptcy: A Blow to the Dutch E-Bike Industry
(DBN)

____________

Hungary:

Orban Threatens Opponents With Jail, Citing Foreign Meddling
(DBN)

____________

India:

High Court ruling plugs personal insolvency loophole SC ruling to boost recoveries from personal guarantees in IBC process
(DBN)

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