November 28, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Matching Milbank Is Incredibly Affordable... Don't Believe Anyone Suggesting It's Not.
(DBN)

Biglaw Firms May Be Raising Rates, But Clients Are Still 'Paying Up'
(DBN)

In Case Of ‘Real Lawyers Against A Robot Lawyer,’ Federal Court Dismisses Law Firm’s Suit Against DoNotPay For Unauthorized Law Practice
(DBN)

Top Biglaw Firm Removed From Notorious Hackers' Website 1 Day Ahead Of Ransomware Deadline
(DBN)

You Will Never Forget This Lawyer's Name After This Ad
(DBN)

Lawyer’s ‘Money Laundering’ Charges Upheld by New Jersey Court
(DBN)

Plaintiff in NYU law review discrimination case may remain anonymous
(DBN)

Ex-Partners’ Ugly Battle Over Digital Assets Headed for Trial
(DBN)

Quinn Emanuel Snags New NYC Space, Doubles Down on Flexibility
(DBN)

Lawyer sentenced for slapping another lawyer outside courthouse Attorney Sentenced After Slap Of Another Lawyer Outside Of Courthouse Caught On Video
(DBN)

Trump Organization no longer prepares financial statements at heart of trial, executive testifies
(DBN)

Donald Trump set to testify again next month in his civil fraud trial
(DBN)

Judge Gives Trump Campaign a Victory
(DBN)

Trump Demands Election Case Dismissal Because Joe Biden Is Subliminally Messaging Special Counsel
(DBN)

Bid to hold Trump accountable for Jan. 6 violence stalls at appeals court
(DBN)

Idaho asks Supreme Court to allow enforcement of abortion ban law
(DBN)

The Case That Could Destroy the Government
(DBN)

Ohio voters just passed abortion protections. When and how they take effect is before the courts
(DBN)

Texas Top Court to Hear Arguments Over Abortions in Medical Emergencies
(DBN)

Idaho asks Supreme Court to let abortion law that penalizes doctors to take full effect
(DBN)

White House rejects Republican bill to block housing of migrants on federal land
(DBN)

Critics say Texas immigration bill will lead to racial profiling
(DBN)

Courts Strike Down Gun Control Measures in Two States Federal appeals court strikes down Maryland law requiring ‘handgun qualification license’
(DBN)

Hall and Oates lawsuit puts spotlight on secretive industry
(DBN)

Trying to kill ex-husband with hatchet violates separation agreement’s covenant of good faith, top state court says And It Says Right Here You Can't Try To Kill Your Former Husband With An Axe And Expect Money From Him
(DBN)

Tennessee Town Outlaws Homosexuality
(DBN)

Neo-Nazis Gather at Dallas Jewish Temple
(DBN)

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Judges:

Supreme Court to consider multi-pronged constitutional attack on SEC
(DBN)

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Wall Street:

Stock futures are little changed as investors assess pause in November rally
(DBN)

US stocks end lower as Black Friday and Cyber Monday sales come into focus
(DBN)

Stocks are headed nowhere fast with high rates likely to weigh on the S&P 500 for all of 2024, Wells Fargo says
(DBN)

Deutsche Bank makes the highest S&P 500 forecast on Wall Street — and says that may be too conservative
(DBN)

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Layoffs:

Broadcom lays off many VMware employees after closing its $69 billion acquisition of the company
(DBN)

EV Battery Startup ONE Cuts 25% of Workforce
(DBN)

Volkswagen Tells Workers to Brace for Job Cuts in Savings Push
(DBN)

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Autos:

Teslas are the only EVs taking off in America: Mazda CEO
(DBN)

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Crypto:

Ex-Shearman Lawyer Closing Crypto Exchange Sees Rosy Days Ahead
(DBN)

Former Binance CEO Changpeng Zhao must stay in US for time being, judge says
(DBN)

European Central Bank chief says her son 'ignored me royally' and lost nearly everything he invested in crypto
(DBN)

When are regulators going to hold crypto accountable?
(DBN)

MLB and Formula 1 targeted in new, multibillion-dollar suit over their promotions of FTX now that judges ‘updated the laws for the internet age’
(DBN)

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Politics:

Is Biden doomed in 2024? 3 theories about the president’s bad polls.
(DBN)

Speaker Johnson says he’s ‘confident’ Ukraine, Israel aid will pass House
(DBN)

Jewish Democrats rebuke GOP bill to expel Palestinians
(DBN)

Israel aid debate flares up among Senate Democrats
(DBN)

Johnson speaks to Santos ‘about his options’ amid threatened expulsion George Santos may get to enjoy all sorts of exclusive, lawmakers-only perks — including the ability to walk onto the House floor — even if he's expelled I Wrote a Movie About a Con Man Elected to Congress. I Never Imagined Anyone Could Actually Pull It Off
(DBN)

Trump Claims He Intentionally Mixes Up Biden And Obama, Amid Gaffe Streak
(DBN)

Hannity wants a red vs. blue state debate. Newsom and DeSantis have other plans Why Gavin Newsom and Ron DeSantis are debating each other
(DBN)

Antagonisms flare as red states try to dictate how blue cities are run
(DBN)

Retrospective Approval of JFK Rises to 90%; Trump at 46%
(DBN)

Congress: 'Fight Club' With a Dress Code
(DBN)

Is Sen. Tommy Tuberville's Pentagon promotions pause finally coming to an end?
(DBN)

'The most taboo topic I've ever seen': Inside Microsoft's war over the war in Gaza
(DBN)

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Cannabis:

Dude, Where’s My Liquidation?
(DBN)

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Weight Loss:

Ozempic and Wegovy have upended the diet industry. So why is the WeightWatchers CEO betting the company’s future on them?
(DBN)

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Entertainment:

Bankruptcy 'overwhelmingly probable' for once-essential brand
(DBN)

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Cannabis:

Dude, Where’s My Liquidation?
(DBN)

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Economy:

A default cycle has started amid the Fed's high interest rates, economists say. These 4 charts explain how severe it is.
(DBN)

Interest rate cuts are coming next year, Bank of America says
(DBN)

Traders See as Much as 250 Basis Points of US Rate Cuts in 2024
(DBN)

Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math
(DBN)

US dollar falls against most currencies as rate cut view weighs
(DBN)

Markets are betting the US can avoid a recession, even as more than half the 50 states are seeing their economies slow
(DBN)

White House Touts New Supply Chain Measures as Inflation Eases
(DBN)

Workaholics are addicts and don’t really enjoy their jobs, researchers say
(DBN)

Japan's aging population offers a roadmap for the US economy's inflation battle
(DBN)

The Panama Canal auctions more spots to jump the line amid a growing backlog of ships waiting to transit key waterway for commodities The Panama Canal Is So Backed UpShips Are Rerouting Through the Suez
(DBN)

DEI backlash hits corporate America
(DBN)

Fewer Black Professionals Are Getting Promoted Into Management, Reversing Trend
(DBN)

Why Is Everyone So Unhappy at Work Right Now?
(DBN)

You can’t even pay people to have more kids
(DBN)

GOP faces ominous signs in effort to avoid January shutdown
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New Home Sales decrease to 679,000 Annual Rate in October; Median New Home Price is Down 18% from the Peak US New-Home Sales Fall as High Mortgage Rates Weigh on Demand
(DBN)

Forced sales ahead for indebted global real estate markets -M&G
(DBN)

Housing November 27th Weekly Update: Inventory Down Week-over-week, Up Slightly Year-over-year
(DBN)

10 cities where millennials are moving
(DBN)

House Prices Are Falling. Are Buyers Biting?
(DBN)

Why landlords hold the post-pandemic fate of downtown in their hands like never before
(DBN)

Modular homebuilding startup Veev on the verge of bankruptcy
(DBN)

Sales deadline for bankrupt Governor’s Square fast approaches: buyer to be determined Dec. 19
(DBN)

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Municipalities:

Public Expenditures and Racial Disparities: Economic Effects of State Municipal Restructuring Policies
(DBN)

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Oil/Gas:

US Gasoline Prices Fall for 60 Straight Days in Win for US Holiday Spending
(DBN)

Connecticut Plan to Ban Gasoline Cars Faces Resistance
(DBN)

Saudi Plan to Hook Poor Countries on Oil
(DBN)

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Tech:

X is a "global sewer," Paris mayor says
(DBN)

Mark Zuckerberg can kiss 'Hot Zuck Summer' goodbye. Instagram is now in full crisis mode.
(DBN)

How ChatGPT rewired the tech world
(DBN)

The technology behind ChatGPT is evolving insanely fast
(DBN)

OpenAI and the future of the corporation
(DBN)

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Climate:

US production of planet-heating fuels hits record levels
(DBN)

Leaked documents show UAE effort to push fossil fuel deals amid leadership of global climate summit
(DBN)

Earth will soon cross a scary climate change threshold. What happens next?
(DBN)

The future of the planet hinges on understanding these 5 key phrases
(DBN)

The state of the climate crisis
(DBN)

Biden’s jobs and climate goals collide
(DBN)

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Newspapers:

In Alabama, another small-town paper hit in ‘open season’ on free press
(DBN)

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Transit:

MTA Faces Potential $900 Million Budget Gap in 2026
(DBN)

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Fraud:

California company’s CEOs used buildings they didn’t own as loan collateral, FBI says. How scam worked
(DBN)

Prominent South Florida builder faces trial on charges of ripping off Covid loan program
(DBN)

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Healthcare:

Bankrupt Massachusetts health system closes urgent care center
(DBN)

Trump's Obamacare gift Senate Republicans shrug off Trump's latest bid to scrap Obamacare
(DBN)

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Corporate Governance:

Will Delaware’s Embrace of an “ESG Agenda” Cause Corporations to Flee?
(DBN)

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Trucking:

New Bidder Aims to Save Bankrupt Trucking Firm, if Treasury Goes Along
(DBN)

Irontrax to sell assets from the largest freight bankruptcy in history
(DBN)

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Utilities:

PG&E Secures California Supreme Court Victory Shielding Company from Liability for Public Safety Power Shutoffs
(DBN)

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Media:

How Substack Became a Safe Space for Nazis
(DBN)

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Dams:

Judge: Former owner of failed dams near Midland liable for $119M in environmental damage
(DBN)

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Broadway:

Bankruptcy Court Recommends Approving Hal Luftig Company Reorg Plan, With Caveats
(DBN)

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Education:

Texas school board launches investigation into how a trans student was stripped of his role in musical
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Alex Jones Needs Sandy Hook Families’ Approval to Exit Bankruptcy Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for a minimum of $85 million Alex Jones owes the family of Sandy Hook victims $1.5 billion. He claims he can’t pay it
(DBN)

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Jurisdiction:

Supreme Court Strikes Blow for Deciding Cases and Explains What Is Jurisdictional and What Is Not
(DBN)

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Cross-Border:

Encouraging Developments in Recent Coordinated American/Hong Kong Restructuring Proceedings
(DBN)

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Aviation:

The Newest Airline Climate Solution? Burying Sawdust
(DBN)

TSA breaks daily passenger record during Thanksgiving weekend TSA: Airline Travel Above 2019 Levels
(DBN)

Go First Given A 90-Day Lifeline To Resolve Issues
(DBN)

Creditors demand JKC to produce AOC for India's Jet Airways
(DBN)

Indian airlines ground over 150 aircraft, may hit 200 by 2024: CAPA report
(DBN)

Leaders of Bankrupt Hungarian Airline Convicted
(DBN)

Flying taxi firm Lilium receives EU approval for its electric jets
(DBN)

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Retailing:

Big Battles Loom in Rite-Aid Bankruptcy
(DBN)

Newsom taps California Highway Patrol to fight organized retail theft
(DBN)

Retailers Facing New Crime Wave and It's More Violent Than Ever
(DBN)

Rochester-based Ruby-Gordon Home files for Chapter 11 bankruptcy
(DBN)

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Student Debt:

Here are the states with the highest average student debt
(DBN)

Initiative To Have Student Loans Discharged in Bankruptcy Making a ‘Real Difference’
(DBN)

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Event Facilities:

Judge approves sale of bankrupt, bond-financed Arizona sports venue
(DBN)

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Tax:

This lawsuit could disrupt the U.S. tax system. Key facts are in dispute The Supreme Court case seeking to shut down wealth taxes before they even exist Supreme Court to consider ‘quadrillion-dollar question’ in major tax case
(DBN)

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Autos:

Should cars have built-in speed limits? Some think it’s time Feds renew call for speed limiters in cars after horrific accident
(DBN)

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Sovereigns:

Argentina’s Milei to Meet With Biden Team, IMF In Washington
(DBN)

Traders Buy Argentina ETF at Fastest Pace in Almost a Decade
(DBN)

Milei to Send ‘Shock’ Package to Argentina’s Congress on Day One
(DBN)

Ghana: Early settlement of pact with creditors, commercial bondholders to boost confidence
(DBN)

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UK:

Cash-strapped council to hire tax investigator
(DBN)

Councils' funding cut by £945m since 2015
(DBN)

GMB blames ‘weak leadership’ for Wilko’s collapse as MPs hold hearing ‘Of course I am sorry’, former Wilko boss tells MPs Wilko: Lisa Wilkinson 'devastated' over the failure of firm
(DBN)

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EU:

Julius Baer to review private debt arm following 'European conglomerate' bankruptcy Signa Insolvency Wave Nears as Last-Ditch Fund Talks Falter
(DBN)

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Canada:

Chester Basin Seafoods Granted Restructuring Time Amid Financial Troubles
(DBN)

Laurentian restructuring prompts feds to exclude post-secondary institutions from CCCA proceedings
(DBN)

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MENA:

Israel and Hamas agree to extend pause in Gaza fighting by 2 days The Extended Hostage Swap, Explained Cease-fire extended by two days; Hamas to release 20 more hostages 33 More Palestinians Prisoners Released CIA director in Qatar for talks on more hostage releases The horrors endured by Hamas's hostages: Barely any food, forced to sleep on plastic chairs, waiting to be executed US tells Israel any ground campaign in south Gaza must be tailored to avoid further significant civilian displacement U.S. "made it clear" to Israel increased aid to Gaza should be "sustained" after pause Gaza civilian deaths outpacing those of other conflict zones
(DBN)

Elon Musk tells Netanyahu he wants to help rebuild Gaza after war Musk tours massacre site in Israel amid uproar over antisemitic content on X Elon Musk Wields Starlink in Israel to Curb Uproar Over Antisemitism
(DBN)

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Ireland:

Large-scale arrests expected for suspected ringleaders of Dublin riot
(DBN)

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Russia:

Russia's SPB Exchange denies that it has filed for bankruptcy Russia's SPB Exchange blames fraudsters for rogue bankruptcy filing
(DBN)

Greek Oil Tanker Owners Avoiding Russia After Treasury Letters
(DBN)

Kyiv’s Harsh Winter Deepens Gloom Over Battlefield Failures
(DBN)

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Brazil:

Americanas to Get $4.9 Billion Capital Increase in Debt Deal
(DBN)

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China:

China's financial reckoning: Judge Linda Chan takes center stage amid real estate giants' debt woes
(DBN)

China: Zhongzhi announces insolvency, spooks property stocks
(DBN)

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India:

Penalties rise as RBI turns up scrutiny of banks, NBFCs
(DBN)

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South Korea:

Seoul Bankruptcy Court Revolutionizes Corporate Restructuring with Groundbreaking Program
(DBN)

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