October 20, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

The Top Biglaw & Boutique Firms Headed Upmarket In Litigation (2024)
(DBN)

Winston, Davis Polk May Be The First Of Many Firms To Revoke Job Offers Over Controversial Statements On Israel
(DBN)

Baker McKenzie Ditches Attorney Accused Of Sexual Misconduct
(DBN)

Stephen Miller’s America First Legal Sues NYU Over Law Review
(DBN)

In-House Leaders Face a Team of Dissatisfied, Burned-Out Lawyers
(DBN)

University of Akron School of Law offers guaranteed admission for qualified Ohioans
(DBN)

Prominent Georgetown Law Professor Arrested, Charged In Domestic Violence Case
(DBN)

LSAT scraps ‘logic games’ section, adds more logical reasoning
(DBN)

Lawmaker Cites 'Anti-Christian' Bias After Law School Points Out He Never Enrolled
(DBN)

Police to pursue partner whose plane hoax went horribly wrong
(DBN)

Cleary manager jailed for stealing £1m
(DBN)

Paul, Weiss quietly settles associate’s £136m claim
(DBN)

Tech billionaire Peter Thiel was an FBI informant
(DBN)

In its chaotic Jan. 6 probe, the FBI wrongly questioned a Biden staffer about Capitol pipe bombs
(DBN)

Ex-Trump attorney takes plea deal in Georgia election interference case The Kraken Cracks Trump lawyer Sidney Powell agrees to write letter of apology as part of plea deal in election-interference case Sidney Powell pleads guilty in Georgia election interference case How Sidney Powell’s guilty plea may impact Donald Trump Sidney Powell vowed to ‘release the Kraken’ to help Donald Trump. She may now testify against him
(DBN)

Trump’s claim of absolute immunity isn’t supported by Supreme Court precedent
(DBN)

Trump's Gag Order Appeal Chokes Because Lawyer Hasn't Bothered To Get Admitted
(DBN)

Jury selection will begin in the first trial in the Georgia election case against Trump and others
(DBN)

Trump is 'not above the law,' prosecutors say in urging judge to let federal election case proceed
(DBN)

DOJ urges court to reject Trump effort to toss election interference case
(DBN)

At Donald Trump’s civil trial, scrutiny shifts to son Eric’s ‘lofty ideas’ for valuing a property
(DBN)

Trump trial tantrum: "No!" a Trump lawyer sniped after an AG lawyer demanded, "Be more respectful!"
(DBN)

Woman punched in antisemitic attack in Manhattan
(DBN)

Border cities see homicides rates drop
(DBN)

Senate Republicans call on Biden to expand border wall
(DBN)

Immigration agencies struggle with ‘mismatched’ laws, policy whiplash
(DBN)

Texas installs barrier at New Mexico border to deter migrants
(DBN)

Thousands of IT contractors in US sent millions to fund North Korea missile program: FBI
(DBN)

Rare worldwide alert: State Department urges increased caution for Americans
(DBN)

Woman arrested in alleged – and complex – murder-by-poisoning conspiracy
(DBN)

Attorneys for accused Delphi murderer quit hours after filing motion begging judge not to throw one of them off the case over leaked evidence
(DBN)

‘I’m really sorry:’ Stolen Pokémon cards lead to GameStop employee shooting would-be shoplifter to death, police say
(DBN)

Missing person's case becomes a recovery operation after body bag found in husband's truck
(DBN)

Federal judge finds California’s 1989 assault weapons ban unconstitutional
(DBN)

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Judges:

One of Big Law's Busiest Bankruptcy Judges Is Gone. Now What? Bankruptcy Judge’s Exit Raises Questions About Policing Ethics Top Bankruptcy Judge's Exit Shakes Houston Hub He Built Federal judge hits the brakes on Corizon bankruptcy deal
(DBN)

Judge removed for brandishing gun he kept attached under bench with magnet
(DBN)

Maryland judge shot and killed inside his home
(DBN)

In The Wake Of Sex Scandal, Judge Resigns Bar Membership
(DBN)

Democratic senators introduce bill establishing Supreme Court term limits
(DBN)

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Wall Street:

Stock futures slip as 10-year Treasury yield crosses 5% for the first time since 2007
(DBN)

Sell signs all over stock market
(DBN)

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Layoffs:

Google chops dozens in news division
(DBN)

Big banks are quietly cutting thousands of employees, and more layoffs are coming
(DBN)

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Retailing:

US retail sales power ahead in September; Rite Aid among 2 bankruptcies
(DBN)

Rite Aid lays out plan to close 154 stores initially as it seeks bankruptcy protection
(DBN)

Walgreens to settle Rite Aid shareholder suit for $192 million
(DBN)

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Ride Hailing:

Electric "air taxis" are set to arrive in NYC and LA
(DBN)

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Coal:

Lawmakers Want Answers on Damage and Costs Linked to Idled ‘Zombie’ Coal Mines
(DBN)

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Healthcare:

The Last Independent Reproductive Health Clinics in Texas Struggle to Survive
(DBN)

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Insurance:

Vesttoo case: Aon agrees creditors can conduct some legal discovery
(DBN)

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Tech:

Could X’s creditors push the social media company into bankruptcy?
(DBN)

Apple Investors Face $340 Billion Hole as Woes Mount
(DBN)

AI's hype balloon fills with investor helium
(DBN)

X, formerly Twitter, will launch two new subscription tiers, Elon Musk says
(DBN)

Elon Musk’s X removes the New York Times’ verification badge
(DBN)

Music lyrics lawsuit could set AI copyright precedent
(DBN)

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Crypto:

Cryptocurrency Brings Disruption to Bankruptcy Courts—What Parties Can Expect and the Open Issues Still To Be Resolved (Part Two)
(DBN)Judge in Sam Bankman-Fried trial reams out lawyers for having witnesses 'hauled up here' from across the country without much to say
(DBN)

SBF trial: FTX lacked funds to meet customer deposits over a year before collapse, witness says
(DBN)

SBF trial: What goes down in the DMs won't stay there
(DBN)

SBF's private messages with reporters revealed in court
(DBN)

‘Oof’: Sam Bankman-Fried’s Trial Reveals Inside Details of How FTX Died
(DBN)

Sam Bankman-Fried sought 'justifications' for missing funds, lawyer testifies
(DBN)

The Mystery of FTX’s Missing $9 Billion Unraveled at SBF Trial
(DBN)

The Winklevii’s Next Act Is Getting Sued for Crypto Fraud by New York State
(DBN)

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Economy:

Fed Chair Powell: "Inflation is still too high", expects "a period of below-trend growth" Fed's Powell: Hot growth "could warrant further tightening"
(DBN)

Weekly Initial Unemployment Claims Decrease to 198,000
(DBN)

CEOs struggle to respond to the Israel-Hamas war
(DBN)

Economy-focused voters in key swing states reject Bidenomics: new poll
(DBN)

CEO Departures Hit Highest Level on Record
(DBN)

A surge in wealth has boosted most US households since 2020 and helped sustain economic growth Americans got richer during the pandemic
(DBN)

'Sticky' inflation is still high but that is a good sign for the health of the economy
(DBN)

Elon Musk blasts the work-from-home crowd, saying they are 'detached from reality'
(DBN)

American workers savor quicker commutes than before COVID
(DBN)

Fewer Californians are moving to Texas, but more are going to Florida and Arizona
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

NAR: Existing-Home Sales Decreased to 3.96 million SAAR in September; New Cycle Low, First Sign of House Price Weakness NAR: Existing-Home Sales Decreased to 3.96 million SAAR in September House sales lowest since foreclosure crisis
(DBN)

Billionaires are driving South Florida home prices to new records
(DBN)

How a Vegas Whale, and Many More, Tap Billions Meant for US Housing
(DBN)

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Oil/Gas:

Why the Rockefellers Are Spending Their Oil Fortune to End Fossil Fuels
(DBN)

Biden move to lift Venezuela oil sanctions meets criticism from Manchin, Republicans
(DBN)

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Media:

Silicon Valley Ditches News, Shaking an Unstable Industry
(DBN)

Mitt on the Media
(DBN)

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Climate:

The marketing failure that's going to kill us all
(DBN)

Billions of crabs went missing around Alaska. Scientists now know what happened to them
(DBN)

Hurricanes are now twice as likely to zip from minor to whopper than decades ago, study says
(DBN)

Canada's historic wildfire season abates after 45.7 million acres razed
(DBN)

Prepare for a turbulent El Niño winter — with a major wild card
(DBN)

Climate Change is Not Just About Emissions
(DBN)

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Autos:

Tesla suffers $65 billion value wipeout as shares plunge following Elon Musk's downbeat Cybertruck outlook
(DBN)

Tesla valuation looks unsustainable to Wall Street analysts
(DBN)

Tesla Tempers Growth Expectations as Musk Sees Storm Ahead
(DBN)

Tesla shows EV vulnerability, but it's not the only one
(DBN)

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Labor:

George Clooney and other stars offer to pay millions more in union dues to help end actors’ strike
(DBN)

Starbucks, Workers United union sue each other in standoff over pro-Palestinian social media post
(DBN)

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Politics:

Biden says support for Israel and Ukraine vital Biden condemns antisemitism, Islamophobia amid Israel-Hamas conflict US leadership 'holds world together' Hume: Best Speech of His Presidency Biden: "I refuse" to let Hamas and Putin win Biden to seek billions for border security alongside Israel-Ukraine aid Five takeaways from Biden’s Oval Office address Lawmakers react to Biden’s Oval Office address Biden confronts hate at home fed by war abroad
(DBN)

Trump leads Biden, builds support among young voters: poll
(DBN)

Donald Trump Is Going to Get Someone Killed
(DBN)

Jim Jordan pausing House speaker bid, expected to endorse escape hatch Jim Jordan unpauses House speaker bid after escape hatch erupts GOP Rejects Jim Jordan Fallback Plan Jim Jordan to endorse empowering McHenry as temporary Speaker Jordan vows to stay in speaker race as tensions erupt inside GOP meeting GOP hard-liner: Republicans ‘might as well be the Whigs’ if they strike deal to empower Speaker pro tem Some GOP holdouts refuse to meet with Jordan Republicans who voted against Jordan’s speakership bid report menacing calls
(DBN)

GOP erupts in closed-door meeting after House speaker stalemate
(DBN)

Democrats play cards carefully amid GOP’s Speaker chaos
(DBN)

Three speakers at once, yet House Republicans lack one with real power
(DBN)

Gaetz says he will do ‘everything possible’ to stop empowering McHenry Gaetz struggles to explain what he’s achieved with push to oust McCarthy McCarthy scolds Gaetz in GOP meeting: ‘Sit your ass down’
(DBN)

Republican disarray leaves House unable to function
(DBN)

What to know about Patrick McHenry, temporary House speaker In the latest sign of House chaos, the temporary speaker is threatening to quit
(DBN)

Dems bide their time before deciding to help House GOP out of latest jam
(DBN)

Vulnerable Republicans face lose-lose situation with Speaker race
(DBN)

Rep. Bacon says his wife slept with loaded gun after ‘ugly phone calls’ over his Speaker vote
(DBN)

Pence campaign sputters amid money troubles, staff cuts and low enthusiasm
(DBN)

White House calls on House GOP to join Biden ‘at the adults table’
(DBN)

Speaker saga sparks revolution among mainstream Republicans
(DBN)

More than 300 are arrested in a Capitol Hill protest urging a cease-fire in the Israel-Hamas war
(DBN)

Frustration, concern rise among Arab Americans over Israel’s war on Gaza
(DBN)

Greene requests Capitol Police preserve footage, police reports from House protest demanding Israel-Hamas cease-fire
(DBN)

Bidens speak with family of Palestinian-American boy killed in hate crime
(DBN)

Muslim members of Congress face spikes in death threats
(DBN)

Sarah Silverman Under Fire for Defending Jewish state
(DBN)

Border security looms as obstacle to Israel, Ukraine funding
(DBN)

The real way RFK Jr. could spoil the 2024 election
(DBN)

Newly appointed California Sen. Laphonza Butler says she won’t run to keep the seat in 2024
(DBN)

Republican states swore off a voting tool. Now they're scrambling to recreate it
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Costlier Borrowing Puts These Companies at Risk
(DBN)

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Mass Torts:

Johnson & Johnson Looks to Texas for Unit’s Third Bankruptcy Bid
(DBN)

Alex Jones can't avoid Sandy Hook verdicts in bankruptcy, judge says
(DBN)

What’s a creditor’s committee? 7 abuse victims to negotiate for all in Archdiocese of Baltimore bankruptcy
(DBN)

Facing sex abuse claims, the Catholic Church and the Boy Scouts filed for bankruptcy. One man vows both will pay.
(DBN)

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Valuation:

NCBJ 2023: The Valuation Paradox
(DBN)

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Cross-Border:

Chapter 11 as a Restructuring Option for Latin American Companies
(DBN)

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Discovery:

Bankruptcy Discovery: Preparing for the Fishing Expedition
(DBN)

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Aviation:

Airlines say they’ve found a route to climate-friendly flying
(DBN)

Go First extends flight cancellation till Nov 30 citing operational reasons
(DBN)

Sweden’s BRA applies for creditor protection
(DBN)

____________

Education:

GOP lawmaker attacks tax-exempt status of US colleges failing to condemn Hamas' 'barbaric' attacks
(DBN)

Harvard and UPenn donors are furious. It may have a financial domino effect
(DBN)

‘No credibility’: Critics cry foul as colleges press for free speech amid Israel-Hamas conflict
(DBN)

____________

Sovereigns:

Sri Lanka’s Debt Restructuring: A Tripartite Proposal Looms
(DBN)

Sri Lanka snubs first economy-linked debt restructure offer from bondholders
(DBN)

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UK:

More English councils face bankruptcy, leaders warn, as deficits reach £4bn
(DBN)

A Stellar Result for the Sellers of Comet Group Plc – UK Court of Appeal Unanimously Overturns £115m Preference Judgment
(DBN)

Hopes of buyer emerging for stricken Volta Trucks expressed by administrator and Hull supplier Rescue bid launched to save 'hundreds' of local Volta Trucks jobs
(DBN)

Warning frontline services 'under pressure like never before' as councils face 'storm'
(DBN)

UK's ruling Conservatives lose majority in by-election defeats
(DBN)

SRA considers making solicitors pay one-off fee to refund missing Axiom Ince millions
(DBN)

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Canada:

Guide to Doing Business in Canada: Bankruptcy & Restructuring
(DBN)

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MENA:

Airstrikes, Commandos and a Siege: How the Israeli Military Is Preparing Gaza for an Invasion IDF Green Lights Gaza Move As Gaza crisis escalates, some experts fear a Hamas ‘surprise’ Israel still primed for bloody ground assault in Gaza in the coming days, ex-PM says Israel Continues Strikes Across Gaza U.N. calls for cease-fire near Egypt border to get aid into Gaza Israeli defense minister tells troops near Gaza they will soon see it ‘from the inside’ Gaza awaits aid from Egypt as Israel readies troops for ground assault 30 Hostages Children Al-Ahli Arab hospital: piecing together what happened as Israel insists militant rocket to blame How Hezbollah could draw US troops into a wider war in the Middle East This is the drug Hamas terrorists took to help them slaughter Israelis What to know about Hamas' tunnel system beneath Gaza Netanyahu warns of ‘long war’ Americans urged to leave Lebanon ‘as soon as possible’ Fetterman calls rush to blame Israel for hospital blast ‘disturbing’ Israel’s Iron Dome Risks Getting Overstretched If War Against Hamas Widens Death toll in Gaza hospital blast greatly exaggerated - independent intel A timeline of Israel and Palestine’s complicated history Israel's endgame? No sign of post-war plan for Gaza
(DBN)

Where countries stand on the Israel-Hamas war
(DBN)

Drones attack a US military base in southern Syria and there are minor injuries, US officials say
(DBN)

Rockets, drones hit Iraqi base housing US forces -security sources
(DBN)

US Navy warship near Yemen intercepts multiple missiles headed for Israel, US officials say
(DBN)

Why Egypt and other Arab countries are unwilling to take in Palestinian refugees from Gaza
(DBN)

US warns every American abroad to be cautious
(DBN)

Rattled U.S. government fears wars could spread
(DBN)

____________

China:

China Evergrande Revises Terms of Proposed Restructuring China Evergrande cancels court hearings for debt plan as developer, creditors seek to revise US$20 billion restructuring deal
(DBN)

Property Market Becomes Lead Weight for China's Economy
(DBN)

China dumps most U.S. securities in 4 years, perhaps to defend a weakening yuan
(DBN)

China's nuclear arsenal on track to double
(DBN)

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Russia:

Google’s Russian Bankruptcy: A Cautionary Tale for Multinationals
(DBN)

Russia's economy is headed into the 'snare of perpetual war' as the Kremlin plans record-high military spending for 2024, think tank says
(DBN)

Ukraine ally Poland is moving to the political center. And that’s bad news for Russia’s Putin
(DBN)

U.S. to send Israel artillery shells initially destined for Ukraine
(DBN)

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Argentina:

Key Questions Around Debt Restructuring in Argentina
(DBN)

Argentina braces for election with economy in 'intensive care' The 5 Clones in Argentina’s Election
(DBN)

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South Korea:

Financially strapped Winia Electronics placed into court receivership.
(DBN)

Korea's HMM creditors convert $739 mn bonds into shares
(DBN)

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Spain:

The Enforcement of Non-Consensual Restructuring Plans in Spain on the Shareholders of Limited Liability Companies
(DBN)

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Mexico:

The Mexican Insolvency Law: Resolution Through Litigation – Or Not
(DBN)

Recent Restructuring Reforms in Mexico
(DBN)

The Interplay Between Different Stakeholders in Mexican Restructurings: Equity Versus Debt
(DBN)

____________

Brazil:

Debtor-in-Possession Financing in Brazil: The Oi Case
(DBN)

Brazil Overhauls 15-Year Old Bankruptcy and Reorganisation Act
(DBN)

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Luxembourg:

New Luxembourg Insolvency Law Reform.
(DBN)

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