October 25, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

BigLaw firm’s ‘misrepresentations and passive obstreperousness’ prevented witness testimony, judge says
(DBN)

Making It Work for Working Moms (and Dads): How law firms can support new parents
(DBN)

For-profit law schools, once flourishing, are nearly extinct
(DBN)

NYU School of Law illegally disfavors white men in law review selection, suit alleges
(DBN)

Law Partner's Bad Prank Costs Him His Job. Though He Avoids Jail, So, There's That.
(DBN)

Cost-Cutting Clients Look To Bring More Work In-House Next Year
(DBN)

CA: Lawyer Who Filed Petition Without Authority Is Barred From Local Bankruptcy Practice
(DBN)

Former Cleary Facilities Manager Receives Jail Time For Stealing $1M+ From The Firm
(DBN)

Working At This Defunct Biglaw Firm Isn't A Permanent Stain On Your Resume
(DBN)

Another Trump lawyer who pushed to overturn 2020 election pleads guilty Lawyer who claimed Trump ‘won in a landslide’ pleads guilty in Georgia RICO case Jenna Ellis Tearfully Pleads Guilty, Backs Dumptruck Over Rudy Giuliani Jenna Ellis pleads guilty in Georgia election interference case Ellis at plea hearing says she has ‘deep remorse’ over representing Trump MAGA Diehards Are Furious Jenna Ellis Pleaded Guilty After Raising $200K
(DBN)

Sidney Powell pushes claims that 2020 election was rigged and prosecutors 'extorted' her after she pleaded guilty to election interference
(DBN)

Who's flipped on Trump: A full list of aides, employees, and yes-men who appear to have suddenly had a change of heart in the face of legal issues
(DBN)

Ex-Chief of Staff Mark Meadows granted immunity, tells special counsel he warned Trump about 2020 claims: Sources Mark Meadows quietly testified that he told Trump the election wasn't being stolen, reports say. But his book still pushed election fraud claims.
(DBN)

Last night, lawyers for Donald Trump filed three absolutely gonzo motions to dismiss his election interference case
(DBN)

Trump's lawyers demand fraud trial stop because of a COVID-19 risk — but none are wearing masks in court
(DBN)

Donald Trump New York civil trial: former fixer and personal lawyer Michael Cohen comes face to face with president during dramatic testimony Michael Cohen's Testimony Breaks Donald Trump Michael Cohen says Trump had him skew the value of his assets, denies ‘hush-money’ payments to ex-Playboy model Trump would say what he wanted his net worth to be, then statements would be manipulated to match, Cohen testifies
(DBN)

Trump seeks to derail election-subversion charges Here’s What Trump Is Arguing in the DC Election Obstruction Case Against Him
(DBN)

Full List of States Trying to Kick Trump Off Ballot and Where Cases Stand
(DBN)

Ivanka Trump Has Fifth Amendment Problem
(DBN)

Trump appeal of gag order likely to center on speech that ‘targets’
(DBN)

Michael Cohen: How Trump’s former ‘fixer’ turned from archdefender to archnemesis
(DBN)

The Supreme Court confronts its own failure in an appalling case about guns
(DBN)

Several people of interest identified in killing of Detroit synagogue president
(DBN)

17 AGs push back on language in JPMorgan’s Epstein settlement
(DBN)

Nearly 425,000 Cubans have migrated to the U.S. in the past two years, U.S. figures show
(DBN)

Texas sues to stop Border Patrol agents from cutting state’s razor wire at the border
(DBN)

Georgia Supreme Court keeps six-week abortion ban on the books Georgia high court says abortion ban is legal even though it was unconstitutional before
(DBN)

She Heeded Biden’s Warning to Migrants. Will She Regret It?
(DBN)

Maryland hit-and-run suspect seen in doorbell video pulling body off windshield before driving away
(DBN)

Woman with kids named 'Aryan' and 'Nation' ran down Native American woman: Cops
(DBN)

Man who sent hundreds of 'heinous' messages to father of Parkland victim gets prison time
(DBN)

Armed man threatened children for playing ding-dong ditch at his home, deputies say
(DBN)

Armed robber seeks 'all bottles' of Viagra in attack on unsuspecting pharmacist: Cops
(DBN)

Woman accused of stealing Pelosi's laptop on Jan. 6 owes $50K to ex for defamation
(DBN)

Man Admits He Tried to Burn Down Church Over Drag Shows
(DBN)

Woman mauled by pet Rottweiler after feeding it THC gummy
(DBN)

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Judges:

The Supreme Court could soon change the internet forever
(DBN)

Therapy Dogs Bring Balm to Stressed Jurors, Witnesses in Court
(DBN)

3 Questions For A Law Clerk Turned Advocate For Judicial Accountability (Part II)
(DBN)

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Wall Street:

S&P 500 and Nasdaq-100 futures fall as traders weigh Microsoft, Alphabet results
(DBN)

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Layoffs:

Women projected to see bigger tech-driven job losses than men
(DBN)

Amgen to Cut 350 Horizon Employees
(DBN)

Parma GM plant to layoff 139
(DBN)

Stellantis announces 525 people laid off in wake of Sterling Heights Assembly Plant strike
(DBN)

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Healthcare:

S&P downgrades radiology provider Akumin’s credit rating following bankruptcy filing
(DBN)

First bickering, now losses at issue in Mercy Iowa City sale
(DBN)

Helicopter Ambulance Operator Air Methods To Shed Debt in Chapter 11
(DBN)

Despite State Bans, Legal Abortions Didn’t Fall Nationwide in Year After Dobbs
(DBN)

What's driving more women to quit birth control
(DBN)

Stabbed. Kicked. Spit On. Violence in American Hospitals Is Out of Control CDC: Harassment of health workers more than doubled
(DBN)

2.3M People Would Gain Coverage If Remaining 10 States Expanded Medicaid
(DBN)

Addiction treatment for kids and teenagers lags far behind demand
(DBN)

America's Adderall shortage 'is driving ADHD patients to use meth'
(DBN)

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Religion:

Two Illinois Parishes Live on Either Side of a Catholic Divide
(DBN)

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Freight:

Freight Broker Bankruptcies Loom As Debt Woes Persist
(DBN)

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Student Debt:

Biden administration rolls out new consumer protections for student loan borrowers
(DBN)

Government moves to protect students from avaricious college practices
(DBN)

Navient bankruptcy $28M class action settlement
(DBN)

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Ride Hailing:

GM Cruise Unit’s Driverless Permit Is Suspended by California
(DBN)

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Crypto:

FTX Is Negotiating With Three Bidders to Restart Crypto Exchange
(DBN)

House Majority Whip Tom Emmer’s cozy ties with FTX cloud bid for speaker’s gavel: sources
(DBN)

How Sam Bankman-Fried used celebrity endorsements: the disgraced crypto king expanded his now-defunct exchange FTX with his connections to Katy Perry, Gisele Bündchen, Bill Clinton and Larry David
(DBN)

Crypto Delistings From Exchanges Are Already Running at a Record Pace This Year
(DBN)

Crypto lender BlockFi emerges from bankruptcy BlockFi Opens Wallet Withdrawals After Emerging From Bankruptcy BlockFi: Rising from the Ashes of Bankruptcy Amid Crypto Turbulence
(DBN)

Genesis says NY AG lawsuit may force "no deal" bankruptcy liquidation Crypto Lender Genesis Global Considers Bankruptcy Amid Billion-Dollar Fraud Allegations
(DBN)

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Economy:

Jamie Dimon blasts central banks for ‘dead wrong’ predictions
(DBN)

New Normal or No Normal? How Economists Got It Wrong for 3 Years.
(DBN)

U.S. economy may have grown 5% in the third quarter
(DBN)

Older Americans are dominating like never before, but what comes next?
(DBN)

Business Activity Gains Momentum as US Inflation Gauges Cool
(DBN)

A 2% global tax on all billionaires could raise $250 billion annually, a research report backed by a Nobel Prize-winning economist says
(DBN)

Women without college degrees to bear brunt of future job losses: report
(DBN)

Is the American Dream More Dead Than Alive?
(DBN)

Blackstone Chief Schwarzman Says Remote Workers Don’t Grind as Hard
(DBN)

Post-COVID economic recovery among racial groups "most equitable in recent history"
(DBN)

A college graduate who just started her first job shared the shock and upset of working a 9-to-5
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Goldman: 2024 Housing Outlook
(DBN)

Total Housing Completions Will Likely Increase Slightly in 2023; The Mix will Change
(DBN)

Mortgage applications fall as interest rates continue to rise
(DBN)

New York City has lost 100,000 apartments because people in rich neighborhoods keep combining units
(DBN)

With Rent Out of Reach, a Back Seat Becomes a Bedroom
(DBN)

Available retail space hits 18-year low
(DBN)

What’s Behind the Big-Box Industrial Cooldown
(DBN)

Buying a home has become way too complicated
(DBN)

One house, one family, and the fading dream of homeownership
(DBN)

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Municipalities:

Promise of Free Money Backfires on California Community Colleges
(DBN)

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Oil/Gas:

Global energy agency sees "beginning of the end" of fossil fuels
(DBN)

Global Oil Demand to Reach Its Peak This Decade, IEA Says
(DBN)

Fears of a climate calamity lurk in Big oil's big deals
(DBN)

Fossil fuel demand 'far too high,' IEA says
(DBN)

America’s Founding Oil Barons Are Ditching Fossil Fuels
(DBN)

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Labor:

UAW strikes at General Motors SUV plant in Texas as union begins to target automakers’ cash cows The UAW is hitting automakers where it really hurts, taking down highly profitable truck and SUV plants at each Big 3 automaker
(DBN)

Cities, States Contend With More Strikes as Unions Gain Power
(DBN)

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Autos:

GM earned more than $3 billion in profit, even after hit from UAW strike General Motors Profit Falls On Impact Of Workers Strike GM withdraws 2023 guidance as UAW strike costs soar
(DBN)

Elon Musk saved Tesla from ruin by promising self-driving cars. The problem? 700 crashes, 19 deaths and claims of a faked promo video
(DBN)

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Politics:

Support for political violence jumps in U.S., survey says
(DBN)

Rep. Tom Emmer nominated by GOP for House speaker GOP Turns to No. 3 Leader Emmer to Try to Fill Speaker Vacancy Emmer's opponents dig in as his allies work to avoid a repeat catastrophe Emmer's bitterest rival goes public: Banks is a no Emmer's bid to be speaker is on the verge of collapse, GOP members say Tom Emmer drops out of House speaker race GOP's accelerating doom loop deposes Tom Emmer in record four hours Trump’s team calling members and urging them to oppose Emmer, sources say Mike Johnson becomes fourth GOP House speaker nominee in past two weeks What to know about House speaker candidate Mike Johnson
(DBN)

The Generation Gap on Israel vs. Hamas
(DBN)

How the Israel-Hamas war is dividing Hollywood
(DBN)

Ramaswamy's pitch on Israel: "No money," but a "diplomatic Iron Dome"
(DBN)

Inside Biden's slow-walking Middle East strategy
(DBN)

GOP’s flip-flop on early voting faces first big test
(DBN)

Trump Vows to Block Immigrants Who ‘Don’t Like Our Religion’
(DBN)

DeSantis Roasts Trump for Declining Abilities
(DBN)

America's Hard Left Is Tearing Itself Apart
(DBN)

Kyrsten Sinema said she doesn't care if she loses reelection because she 'saved the Senate by myself' and can go serve 'on any board I want to,' book says
(DBN)

Academic journal editor-in-chief and UC Berkeley geneticist Michael Eisen has been fired after he shared satirical article from The Onion about people dying in Gaza
(DBN)

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Climate:

Record-Breaking Weather in 2023 Shows Impact of Climate Change
(DBN)

Life on Earth under 'existential threat': climate scientists 15,000 Scientists Warn Society Could 'Collapse' This Century In Dire Climate Report
(DBN)

Hurricane Otis makes landfall near Acapulco, Mexico, as Category 5 storm
(DBN)

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Banking:

Credit, funding costs weigh on US regional banks' Q3 earnings
(DBN)

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Cruise Lines:

Cruise ship passengers win COVID outbreak lawsuit
(DBN)

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Media:

Americans' trust in media plummets to historic low: poll
(DBN)

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Retailing:

Popular retailer with more than 500 locations ‘could face bankruptcy’ as expert warns of ‘several’ big problems
(DBN)

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Bankruptcy Crimes:

Putnam County man to serve time for false documents in bankruptcy case
(DBN)

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Celebs:

Dov Charney is fighting over his Silver Lake mansion in bankruptcy court. Only problem: The court can't get rid of squatters like Milo Yiannopoulos and Ye's hanger-ons Disgraced American Apparel founder lives in weird concrete mansion with Kanye's creepy associates, and bankruptcy trustee wants them out
(DBN)

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Tech:

Twitter Continues to Burn a Hole Through Bank Balance Sheets
(DBN)

Meta sued by 42 attorneys general alleging Facebook, Instagram features are addictive and target kids
(DBN)

Did US violate First Amendment by pressuring social media? Supreme Court will decide
(DBN)

We All Know Social Media Is Bad For Mental Health. But Is It Go To Court Bad?
(DBN)

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Coal:

How Coal Bankruptcy Deals Abandon Workers and Fuel the Climate Crisis
(DBN)

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Education:

Donor revolt at Harvard and UPenn shows big checks often have strings attached
(DBN)

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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 (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Possible Third J&J Bankruptcy Attempt Amplifies Concerns over Corporate Abuse of Courts
(DBN)

Trillions in PFAS Liabilities Threaten Corporate Bankruptcy Wave
(DBN)

‘We’re the tip of the iceberg,” say PFAS contaminated farmers
(DBN)

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Sovereign Immunity:

U.S. Supreme Court Holds Tribal Sovereign Immunity Expressly Abrogated by U.S. Bankruptcy Code
(DBN)

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Cannabis:

US bankruptcy courts display increased willingness to entertain cannabis related bankruptcy filings
(DBN)

Bankruptcy in the Cannabis Space
(DBN)

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Bankruptcy Fees:

Inflation-based adjustments to the Bankruptcy Court Miscellaneous Fee Schedule Effective 12/01/2023
(DBN)

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Cross-Border:

Vroon restructuring: A lesson in adapting to and overcoming challenges
(DBN)

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DIP Finance:

Loan-to-Own 2.0
(DBN)

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Corporate Governance:

Towards an optimal model of directors’ duties in the zone of insolvency
(DBN)

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D&O:

The “Broad Preamble” Problem in D&O Insurance Exclusions
(DBN)

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Mediation:

Mediation as a bankruptcy and insolvency game changer
(DBN)

How a Judge Makes Mediation Work: Mandatory Mediation
(DBN)

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Aviation:

Air Methods Files Bankruptcy After Rates, Regulation Hit Profits
(DBN)

Alaska Airlines pilot charged in federal court after alleged attempt to shut down plane engines An off-duty pilot's attempt to turn off a plane's engines mid-flight is even wilder than we thought, court docs reveal
(DBN)

Airline CEOs Predict Loyalty Program Doom Under Proposed Legislation
(DBN)

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Sovereigns:

Zimbabwe Cedes World’s Highest Interest Rate Title to Argentina
(DBN)

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UK:

Ratcliffe’s Chemical Empire Reassures Creditors Over Man U Deal Financing
(DBN)

Cash-strapped North Wales council faces £3.4m overspend this year
(DBN)

'Unsustainable' future for Welsh councils as budgets shrink
(DBN)

UK Blames Gen Z’s Busy Lifestyle for Upending Labor Market Data
(DBN)

UK to Scrap Bankers’ Bonus Cap in Competitiveness Push
(DBN)

UK Is Losing Jobs at the Sharpest Pace Since the Pandemic
(DBN)

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EU:

The EU prepares for war — and this French ship is the tip of the spear
(DBN)

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Canada:

Intercreditor covenants face new challenges in Canadian insolvency proceedings
(DBN)

K-W Symphony owes $916,000 to creditors
(DBN)

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MENA:

U.S. readies contingency plans for mass evacuations if Gaza war escalates
(DBN)

Massive rocket barrage on Tel Aviv leaves over a million Israelis scrambling for shelter Israel strikes in Syria after rocket sirens sound in Golan Heights Israeli Flyers Dropped on Gaza Offer Cash for Intel on Hostages Israel willing to delay Gaza invasion to discuss large release of hostages The ‘Devil’s Playground’ of Urban Combat That Israel Is Preparing to Enter ‘Netanyahu Got All the Warnings,’ Says Former Head of Israeli Military Intelligence At least 33 Americans killed in Israel-Hamas war, secretary of state tells UN Freed Hamas Hostage Describes ‘Spider’s Web’ of Tunnels Beneath Gaza Ultra-orthodox Jews wrestle with whether to serve in Gaza war Macron proposes international coalition against Hamas Top Biden official: Israel-Gaza war "could spiral" into bigger conflict Palestinians in Gaza: "Survival feels uncertain" Israel Says It Will Destroy Hamas. But Who Will Govern Gaza? Fears Israel has ‘no plan’ agreed for postwar Gaza UN chief alleges law violations in Gaza, angering Israel Gaza war sparks Arab fears of new Palestinian displacement UN Chief Urges Halt Now by Both Sides in Israel-Hamas War Hamas divers wiped out attempting covert underwater attack on Israel, IDF says Israel's Holocaust survivors struggle with Gaza war as trauma deepens Saudi Arabia intercepted Houthi missile headed toward Israel US agrees to send two Iron Dome batteries to Israel
(DBN)

Israel-Hamas war threatens world economy, bankers tell Saudi forum
(DBN)

How many U.S. citizens live in Israel, Gaza and the wider region
(DBN)

With Mideast crisis, Russia and China hope to turn tables on US
(DBN)

Blinken says he asked Qatari PM to rein in Al Jazeera war coverage, per sources
(DBN)

US troops in Middle East attacked 13 times in last week: Pentagon
(DBN)

Leader of Lebanon's Hezbollah holds talks with senior Hamas and Palestinian Islamic Jihad figures
(DBN)


Iranian-Backed Militias Mount New Wave of Attacks
(DBN)

Blinken Warns Iran That US Will Respond 'Decisively' To Any Attack
(DBN)

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Germany:

Rise in antisemitism ‘brings Germans back to most horrific times’
(DBN)

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China:

How Far Is China's Slowdown Spreading? Ask a Dairy Farmer 6,000 Miles Away
(DBN)

The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire
(DBN)

Evergrande did not file court documents by requested time
(DBN)

Country Garden default on dollar bond declared for first time
(DBN)

China's economy hinges on a peaceful Middle East
(DBN)

China to issue $137 bln sovereign debt to support economy
(DBN)

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Russia:

Russia tried to field an elite series of 'storm' units but ended up stuffing them with convicts instead, UK intel says
(DBN)

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India:

Examining the Viability of Corporate Insolvency Resolution for Section 8 Companies
(DBN)

IBBI moots new measures to increase efficiency of insolvency professional entity as an IP
(DBN)

MCA tweaks rules; new promoters of bankrupt firms can easily shift registered offices
(DBN)

Sky Is The Actual Limit For IBC? – Exemption From Moratorium Over Aircraft Objects During Insolvency
(DBN)

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Taiwan:

Looking for a date? In Taiwan, govt here to help
(DBN)

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Vietnam:

Vietnam's No Va Land to hold board meeting amid creditor pressure
(DBN)

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