October 10, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

As Expected, Allen & Overy Leaders Will Manage A&O Shearman
(DBN)

The Biglaw Firms That Strike Fear In The Hearts Of Opposing Counsel (2024)
(DBN)

Greenberg Traurig Tel Aviv Attorneys, Staff to Work Remotely
(DBN)

Legal jobs jump in September after disappointing August
(DBN)

The Lawyers Who Refused to Let Neo-Nazis Off the Hook
(DBN)

Profitability Satisfaction Is Down For Law Firm Leaders
(DBN)

Second BigLaw firm changes diversity fellowship after changes by first lead to suit dismissal Biglaw Firm Changes Tack After Diversity Lawsuit
(DBN)

Clients more optimistic about AI than legal professionals, says Clio’s 2023 Legal Trends Report
(DBN)

AI Update: OpenAI’s Chip Production Plans, How Law Firms Really Use AI, Fake Tom Hanks
(DBN)

New Wave of Cyber Threats Challenges In-House Legal Departments
(DBN)

Appearing Remotely When An Adversary Is In Person Poses Problems
(DBN)

Southwestern Law School will accept applications to first-of-its-kind online JD program
(DBN)

Unauthorized ‘rummaging’ through opponent’s Dropbox leads to sanction against this law firm
(DBN)

Trump, fraud, and minding the GAAP: A guide to the accounting rules at the heart of his NY trial, courtesy of 2 standup comics who happen to be CPAs
(DBN)

Is Mar-a-Lago worth $1 billion? Trump’s winter home valuations are at the core of his fraud trial
(DBN)

Mike Lindell Stiffs His Lawyers FOR AMERICA
(DBN)

Jan. 6 defendant who admitted hitting one officer wants a jury to believe he helped another
(DBN)

Donald Trump Shambles Out Of Court. Twice.
(DBN)

Donald Trump's Civil Fraud Trial Resuming With Ex-CFO Allen Weisselberg On Witness Stand
(DBN)

Biden interviewed over handling of classified files
(DBN)

Justice Department fights Trump effort to push Mar-a-Lago trial until after 2024 election Special Counsel Jack Smith Quashes Trump’s Request to Push Trial Back Special counsel accuses Trump lawyers of making "distorted and exaggerated" claims in bid to delay documents trial
(DBN)

Death of Atlanta deacon who was shocked during arrest ruled a homicide
(DBN)

Mexican Cartels Get the Blame for Human Smuggling. But Americans Are Heavily Involved.
(DBN)

Killer who shot a man in head for being upset about severe dog bite to face gets 100 years
(DBN)

'I did what I had to do': Man allegedly strangled wife to death with her own purse strap
(DBN)

Husband who tried to kill wife by hitting her with SUV with kids inside is sentenced
(DBN)

Hardee's employees stole credit cards from customers to bail inmates out of jail: Police
(DBN)

Man Claims He Has Bomb on Santa Monica Pier
(DBN)

Florida man stabbed brother's friend to death because he wouldn't let him smoke weed: Cops
(DBN)

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Judges:

Pauline Newman Speaks: ATL Interviews The Judge Who's Fighting To Do Her Job
(DBN)

Wisconsin judge ignores impeachment threats, won't recuse in voting case
(DBN)

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Wall Street:

Stock futures are slightly higher as Treasury yields drop
(DBN)

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Layoffs:

Stellantis announces 570 new temporary layoffs amid UAW strike
(DBN)

Newson vetoes bill to expand worker layoff protections
(DBN)

Stitch Fix to lay off 558 in Dallas as it carries out distribution center closures
(DBN)

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Education:

Harvard's big dumb bet on legacy admissions
(DBN)

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Politics:

Fox News Silent on Top Host’s Screed Calling For Civil War
(DBN)

McCarthy doesn't rule out House speaker comeback attempt ‘Rudderless and leaderless’: House GOP lurches forward after Israel attacks Kevin McCarthy Left the House in an Anti-Democratic MAGA Mess House GOP debates ditching ‘motion to vacate’ rule that unseated McCarthy The Race for Speaker Is About to Get Real NBC’s Kristen Welker Confronts Matt Gaetz With an Old Clip Where Bashed the Idea of Removing House Speaker
(DBN)

Army to Congress: Do your job so we can help Israel and Ukraine
(DBN)

‘We’ve Been Shaken Out of This Fantasy’: How the Left Sees the War in Israel
(DBN)

Trump questions how Jews or ‘anybody who loves Israel’ can vote for Democrats
(DBN)

What war? Trump is busy talking about whales, weightlifting and the Patriots
(DBN)

Israel said to be the source of intel Trump gave to Russians
(DBN)

Tlaib, Bush criticized by Democrats over statements calling for end to Israel support
(DBN)

Biden faces competing pressures in responding to the attacks on Israel
(DBN)

RFK Jr. switches from Democrat to independent amid White House bid Kennedy family immediately condemns RFK Jr.'s independent presidential campaign RFK Jr. goes independent. Does that hurt Biden or Trump?
(DBN)

How third-party and independent candidates could threaten Democrats and Republicans in 2024
(DBN)

Haley rakes in more than $11M in third quarter of fundraising
(DBN)

What Taylor Swift’s ‘Eras’ Tour Tells Us About Trump’s Appeal
(DBN)

Austin's the new Kremlin! A cartoon guide to vouchers and puppet masters Wilks and Dunn
(DBN)

Ken Paxton to file criminal doxing complaints against 12 Texas House impeachment managers
(DBN)

Biden brother admits naked selfie on gay dating site genuine... 'Phone must have been hacked'
(DBN)

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Climate:

As climate risks mount, the insurance safety net is collapsing
(DBN)

Historic warmth grips Europe as summerlike weather refuses to relent
(DBN)

Aramco Launches Carbon Capture Plant
(DBN)

These are the places that could become ‘unlivable’ as the Earth warms
(DBN)

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Event Facilities:

Previously Proposed Sports Complex in Murfreesboro in Midst of Bankruptcy Sale in Arizona
(DBN)

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Autos:

Shift to file for bankruptcy, closes stores & website
(DBN)

SEC, Foxconn, Investors Oppose Lordstown Motors Reorganization Plan
(DBN)

NHTSA Expands Probe of Tesla Self Driving Gear
(DBN)

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Banking:

Global banking watchdog dismisses need for change after Credit Suisse debacle
(DBN)

'Shark Tank' star Kevin O'Leary says cracks are forming at regional banks amid high interest rates, and the US should guarantee payroll accounts to keep small businesses safe
(DBN)

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Healthcare:

St. Margaret's Health seeks bankruptcy court's permission to sell 2 clinics to Carle
(DBN)

Judge postpones sale hearing after Mercy Iowa City auction delays
(DBN)

Former Americore creditor ordered to pay attorney fees
(DBN)

DeSantis administration settles lawsuit, will disclose COVID data and pay attorneys fees
(DBN)

Family selling 'miracle' COVID cure that was 'the same as drinking bleach' sentenced
(DBN)

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Tourism:

West Maui starts reopening to tourists as thousands still displaced after fires
(DBN)

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Celebs:

YouTuber Latasha Kebe Still Owes Cardi B $3.4 Million in Defamation Ruling Despite Bankruptcy, Judge Rules
(DBN)

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Economy:

US debt will become unsustainable and trigger default in about 20 years, if it stays on current path
(DBN)

Why Americans' financial pain could get worse
(DBN)

IMF Warns of Stubborn Inflation and Weaker Global Growth in 2024
(DBN)

1970s-style stagflation may be at risk of repeating itself, Deutsche Bank warns
(DBN)

Two-thirds of Americans would consider bankruptcy to jettison debt stress
(DBN)

Financial anxiety: The alarming side effect of inflation
(DBN)

US stocks rise as Treasury yields fall amid flight to safety and dovish Fed comments
(DBN)

The rout in US Treasurys is now the worst bond bear market of all time
(DBN)

Here are the biggest risks to markets and the economy from the Fed's higher-for-longer regime, according to Goldman Sachs
(DBN)

If the Israel-Hamas conflict expands, the global economy could weaken as inflationary pressure piles up, Mohamed El-Erian says
(DBN)

Harvard professor Claudia Goldin receives Nobel Prize in economics Nobel in economics awarded for research on workplace gender gap
(DBN)

Trump rips Forbes after removal from wealthiest Americans list
(DBN)

Inspections halt 19,000 trucks at Texas-Mexico border
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The US housing market is so expensive that incomes would have to spike 55% for it to be considered affordable, industry exec says
(DBN)

The share of consumers who think now is a good time to buy a home is back at an all-time low
(DBN)

Current State of the Housing Market; Overview for mid-October
(DBN)

Housing October 9th Weekly Update: Inventory increased 0.4% Week-over-week; Down 4.3% Year-over-year
(DBN)

Moody's: Mall Vacancy Rate Unchanged in Q3
(DBN)

Embattled Austin real estate developer StoryBuilt puts two dozen properties up for sale Financially Troubled StoryBuilt Looks To Unload $2B Portfolio In Receivership Sale
(DBN)

Woodbranch now owns two Texas office buildings, but not by choice
(DBN)

Jury convicts landlord who shot tenant, strangled another and wrapped bodies in plastic
(DBN)

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Municipalities:

'Remarkably stable' or 'in crisis'? What we know — and don't know — about Hartford's pension fund
(DBN)

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Oil/Gas:

North America Rig Losses Pile Up
(DBN)

Panic at the pump: How Israel-Hamas conflict prompts revisit to oil crisis
(DBN)

Hamas Attack Brings Middle East War Premium Back To Oil Markets
(DBN)

Oil Surges as Israel Conflict Reignites Middle East Volatility
(DBN)

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Retailing:

Showfields files for bankruptcy
(DBN)

Target Is Blaming Theft for Store Closures, But Landlords Say Otherwise
(DBN)

How David’s Bridal bankruptcy, layoffs reflect impacts of shift to online retail
(DBN)

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Tech:

Graphic videos of Hamas attacks spread on X
(DBN)

Man Lets AI Chatbot Talk Him Into Assassination Attempt
(DBN)

Meta's Bold AI Push Comes At Significant Cost, Responsible AI Team Shrinks In Major Restructuring
(DBN)

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Utilities:

Vermont Utility Plans to End Outages by Giving Customers Batteries
(DBN)

California regulators seek $45 million from PG&E over Dixie Fire
(DBN)

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Religion:

Clergy burnout is a growing concern in polarized churches. A summit offers coping strategies
(DBN)

A Florida pastor has been accused of running an organized retail crime ring and hawking $3 million worth of stolen items online
(DBN)

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Labor:

Workers at Mack Trucks reject contract and join the thousands of UAW picketers already on strike
(DBN)

Canadian autoworkers strike against General Motors, joining UAW
(DBN)

Tesla Workers in Germany Join Union
(DBN)

Strike set at 4 Prime hospitals
(DBN)

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Food/Beverage:

Monster Energy adds to $293 mln damages win in Bang Energy ad dispute Monster Energy Wins $336 Million in Damages in Landmark False Advertising Case Against Bang Energy
(DBN)

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Crypto:

Cryptocurrency Brings Disruption to Bankruptcy Courts—What Parties Can Expect and the Open Issues Still To Be Resolved
(DBN)

Caroline Ellison is a math whiz, trader, and shadow figure behind FTX's collapse. She's testifying this week in the criminal trial of her ex-colleague and boyfriend, Sam Bankman-Fried Prosecutors’ star witness is getting ready to testify against Sam Bankman-Fried
(DBN)

The Places That Sam Bankman-Fried Left Behind
(DBN)

FTX Co-Founder Testimony Reveals Misleading Claims, Shaking Investor Confidence
(DBN)

SBF’s lawyers shouldn’t be allowed to use his $500 million investment in AI firm Anthropic — which could used to pay back FTX customers — as evidence, prosecutors say
(DBN)

What is going on with Sam Bankman-Fried’s defense?
(DBN)

FTX hacker could be using SBF trial as a smokescreen: CertiK
(DBN)

Inside FTX’s All-Night Race to Stop a $1 Billion Crypto Heist
(DBN)

Michael Lewis' new book puts a positive spin on Sam Bankman-Fried Michael Lewis’s Big Contrarian Bet
(DBN)

Singapore tip-off led to arrest of Three Arrows co-founder Zhu Su, sources say
(DBN)

Binance’s $1 Billion Crypto Rescue Plan: A Beacon of Hope or a Drop in the Ocean?
(DBN)

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Finance:

Are Loans Securities? The United States Court of Appeals for the Second Circuit Responds in Kirschner v. JP Morgan Chase Bank, N.A.
(DBN)

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Furniture:

Bankrupt Mitchell Gold + Bob Williams to Liquidate
(DBN)

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History:

Klan War: how Ulysses S Grant took the fight to the extreme right
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Instant Pot, Pyrex and Yellow Are Among Brands Caught in a Wave of Bankruptcies
(DBN)

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D&O:

Potential Risks for Private Equity Firms and Their Insurers
(DBN)

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Mass Torts:

Bankruptcy Amnesia
(DBN)

Bankruptcy Code Protections for Non-Debtors
(DBN)

Archdiocese of Baltimore bankruptcy: Filing to limit loss in sexual abuse lawsuits strikes a nerve
(DBN)

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Professional Organizations:

The Role of Professional Organizations in the Restructuring Industry
(DBN)

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Property of the Estate:

Attorney Fees in Insurance Settlement Can Be Property of Estate in Bankruptcy
(DBN)

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Appeals:

Where an appeal has been filed challenging a U.S. Bankruptcy Court order granting a debtor permission to enter into a lease in the course of his bankruptcy proceedings, the appeal must be dismissed as moot because the lease has expired
(DBN)

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Aviation:

Virgin Australia clocks first profit in 11 years as travel demand recovers
(DBN)

New National Company Law Tribunal bench to hear Go First case
(DBN)

SpiceJet faces new bankruptcy code rider in case vs aircraft lessors
(DBN)

Jet Airways’ lenders move SC against Jalan-Kalrock
(DBN)

Air Moldova Soars Towards Restructuring Amidst Financial Turbulence
(DBN)

With SAS deal, Air France-KLM sets stage for battle over Portugal's TAP
(DBN)

Airlines Ask FAA To Regulate Competitor Out of Business
(DBN)

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Sovereigns:

China says Exim Bank and Sri Lanka reached preliminary debt deal
(DBN)

Zambia hoping to sign MoU with official creditors soon - finmin
(DBN)

Common Framework is delivering, but slowly – IMF Chief
(DBN)

Ghana’s external debt restructuring: Is China still the missing piece?
(DBN)

The IMF’s $43 Billion Argentina Problem Is About to Get Worse
(DBN)

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UK:

English Law Creditors Bound by Irish Scheme of Arrangement
(DBN)

Coventry council may have to raise taxes steeply over bankruptcy risk
(DBN)

Bankrupt Birmingham: Why the council went bust
(DBN)

Medway: Christmas lights canceled by council Cash-strapped council cancels Christmas lights as it faces bankruptcy
(DBN)

‘No bankruptcy risk’ for Lancashire County Council - but higher-than-expected bills pose a problem
(DBN)

Fears for future of one of Britain's most iconic seaside piers: Hastings Pier, which hosted concerts by Rolling Stones, The Who and Jimi Hendrix and served as landing site in WWII could be forced to shut after racking up huge debts
(DBN)

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Australia:

Australian regulators have a secret superpower to rescue financial institutions in distress
(DBN)

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MENA:

Netanyahu tells Biden "we have to go" into Gaza Netanyahu Vows To 'Change Middle East' In War With Hamas What a “complete siege” of Gaza will mean for Palestinians Netanyahu: Retaliation Will Reverberate for Generations Israel says Gaza border finally secured as air strikes continue Israel texts civilians warning them to flee Gaza to south as vast army gathers A Fractured Israel Unites Around a Singular Goal: Crush the Enemy Gaza residents stunned by ferocity of Israeli airstrikes Hamas official says group is open to discussions over truce with Israel 300,000 reservists mobilized Israel Says 1,500 Hamas Militants Dead After Battles Near Gaza Gaza 'soon without fuel, medicine and food' For Israelis, Scale of Tragedy Starts to Set In Hamas spokesman says Iran gave support for surprise attack on Israel Iran Helped Plot Attack on Israel Over Several Weeks - WSJ Hamas Is Not the Only Problem We Must Reckon With Why Hamas chose to attack Israel now, after decades of conflict ADL director asks if Hamas is writing MSNBC’s scripts in coverage of attack on Israel For years, they trusted the army to defend and inform them. Now many Israelis feel abandoned Israel launches ‘one of the largest air strikes ever’ on Hamas Israeli counteroffensive against Hamas ‘just getting started’: Netanyahu Hamas built a mock Israeli town in Gaza and practiced its attack in plain sight — but Israel didn't react, report says An Egyptian intelligence official said Israel's government downplayed threats from Gaza and was repeatedly warned of 'something big' Hamas avoided detection by ‘going back to the Stone Age’ An Israeli music festival photographer describes fleeing Hamas militants while watching attendees get shot behind him Israel seeks missiles, artillery from U.S. following Hamas attack Death toll rises in Israel and Gaza as fighting rages: What to know Huge crowd chants 'free Palestine' at Israeli embassy in London German police break up crowd celebrating Hamas terror attacks on Israel Hundreds gather in SF to rally for freedom for Palestine in wake of Middle East conflict Pro-Palestinian rally met by Israel supporters in Midtown as Hochul slams ‘abhorrent’ demonstration after Hamas attack Brawl between pro-Israel, pro-Hamas protesters breaks out in Florida roadway Sydney Opera House Israel-Palestine protest: Anger as Jews are told to stay home and dragged away from protest - while radical Muslims shout vile anti-Semitic comments, throw flares, and chant 'gas the Jews' Across the Mideast, a Surge of Support for Palestinians as War Erupts in Gaza Saudi Crown Prince continues 'to stand by Palestinian people' Benjamin Netanyahu Blamed by Top Israel Newspaper in Scathing Attack Police worry about clashes at Pro-Palestinian, pro-Israeli protests Israel blames Europe for Hamas attack: EU funded ‘antisemitic propaganda’ at root Larry Summers rips Harvard as student groups blame Israel for Hamas attacks: 'Sickened' At least 9 Americans killed in Hamas attack on Israel $6B in frozen Iranian funds remain unspent in wake of Hamas attack, Blinken says Israeli helicopters striking territory in Lebanon, officials say Last call from Israel festival attack: ‘I heard only gunshots, screams and Arabic’ At least 130 Israelis held hostage in Gaza Hamas threatens to kill Israeli hostages over strikes ‘without prior warning’ on Gaza Hamas terrorists 'behead Israeli soldiers' in sickening footage Hamas threatens to kill 1 prisoner for every Israeli airstrike Hamas announces it will begin to execute hostages and post video evidence online for every Israeli airstrike Pentagon Offers Help on Hostage-Rescue Planning - WSJ Qatar in Talks with Hamas, Israel Over Hostages Relatives of hostages held as human shields in Gaza beg Israel not to bomb Strip Sister of Israeli TV personality killed 'execution style' while hiding from Hamas gunmen Israel’s Gaza Hostage Situation ‘Too Incredible To Comprehend’ Israel Scrambles Troops to Report of New Incursion From Lebanon Jewish people land in the US after 'madhouse' last-minute flights out of Israel before Hamas bombing spree attacked Tel Aviv's Ben Gurion Airport Chinese leader Xi strengthens statement on Israel after pressure from Schumer Grandmother outsmarts Hamas terrorists in her home Israeli couple murdered by Hamas hid their twin babies — who were found unharmed 14 hours later Israel rave attack survivor says she hid under dead bodies for 7 hours
(DBN)

McConnell calls for allies to impose new severe sanctions against Iran U.S. and Israeli officials remain uncertain of Iranian involvement in Hamas attack
(DBN)

New Middle East war delivers a new threat to world economy Middle East turmoil ratchets up uncertainty for battered markets
(DBN)

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Russia:

Twice as many Ukrainians want Kyiv to keep fighting instead of negotiate end of war with Russia: Poll
(DBN)

Russia Is Gearing Up for a Standoff With NATO in the Arctic
(DBN)

Zelensky says Moscow trying to incite war in Middle East
(DBN)

The White House and lawmakers weigh linking Ukraine and Israel aid
(DBN)

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China:

Chinese EV startup WM Motor files for bankruptcy Bankruptcy Befalls Chinese EV Start-Up WM Motor Amid Tough Market Conditions
(DBN)

Investors warn Evergrande could face an 'uncontrolled collapse' that would be a disaster for China's property sector Creditors of China’s debt laden property giant Evergrande censure ‘botched efforts’ to get regulatory nod for fundraising China Evergrande Creditors Call Pulled Debt Plan a 'Surprise' China's Country Garden eyes debt deal, Evergrande creditors anticipate liquidation
(DBN)

China’s property crisis just keeps getting worse — property giant Country Garden just warned it may default on its debt Country Garden Caves to Debts as China’s Real Estate Crisis Worsens China’s Real Estate Giant Country Garden On the Brink of Default Amid Economic Crisis
(DBN)

China developer Kaisa tells court creditors will get less than 5% back if liquidated
(DBN)

China's economy is so uncertain that the wealthy are turning to an underground network to secretly move cash out of the country
(DBN)

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Japan:

Japanese regional banks may raise loan loss provisions as bankruptcies grow
(DBN)

Corporate bankruptcies in Japan top 4,000 in April-September: survey
(DBN)

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Colombia:

Colombian Hospitals on the Brink: A Financial Crisis Amidst a Pandemic
(DBN)

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Mexico:

Mexico’s Collapsed Shadow Bank Files Insolvency Deal in Court
(DBN)

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