October 6, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Billing Rates Go Up... And Inflation May No Longer Be To Blame
(DBN)

Law Mom And The Modern Family Does Kindergarten
(DBN)

Fried Frank Elects Funds Leader Kenneth Rosh As New Chair
(DBN)

This Litigation Funder Has Loaned Money To a Growing List of Troubled Law Firms
(DBN)

But, Wait, How Much Does Going To Law School *Really* Cost?
(DBN)

Former SCOTUS Clerk Wants Americans To 'Arm Up' Against 'Black Underclass'
(DBN)

BigLaw firm’s suit seeks recruiter refund for lateral partner who soon left
(DBN)

Extent of ex-Gowling WLG lawyer’s misogynist conduct revealed
(DBN)

Eversheds lawyer beats espionage rap
(DBN)

A lawyer looks at 100
(DBN)

Former Cohen Milstein partner pleads guilty to child-porn possession
(DBN)

MacArthur grant winners include 2 law profs and democracy lawyer, all Yale Law grads
(DBN)

Trump tried to delay classified documents trial until after 2024 election
(DBN)

Judge orders closer scrutiny of Trump’s assets amid New York fraud trial Judge Engoron sets dissolution deadline for Trump's New York companies Trump Literally Cries for ‘HELP!’ in Early Morning Truth Social Bender About New York Fraud Trial Trump Fraud Trial Highlights Dual Responsibility of Accountants
(DBN)

Donald Trump drops $500 million lawsuit against ex-lawyer Michael Cohen
(DBN)

Trump demands judge dismiss Jan. 6 indictment on 'absolute presidential immunity' claim Efforts to overturn the 2020 election were part of Trump’s ‘official duties,’ his lawyers argue
(DBN)

Trump Said to Have Revealed Nuclear Submarine Secrets to Australian Businessman
(DBN)

Un-Indicted Co-Conspirator Points Finger At Sidney Powell 'Kraken' lawyer Sidney Powell loses motion to dismiss indictment in Georgia RICO case
(DBN)

Former Marine dubbed ‘Conan O’Riot’ arrested by FBI for alleged role in Jan. 6 riot
(DBN)

Trump seeks dismissal of hush money case, saying it’s hurting his campaign
(DBN)

Lawyers bail on MyPillow’s Michael Lindell, saying he owes millions in fees MyPillow CEO Mike Lindell loses his lawyers in Dominion lawsuit due to unpaid legal bills
(DBN)

Trump Backs Up Courtroom Motions With Deranged Social Media Screaming
(DBN)

Georgia prosecutors seek trial testimony from top Trump adviser
(DBN)

Biden argues his hands were tied with border wall funds Biden plans to build part of border wall, says he was unable to redirect appropriated funds Biden says he had to use Trump-era funds for the border wall. When asked if barriers work, he says ‘No’ Biden administration waiving 26 federal laws to allow border wall construction in Texas Beto O’Rourke slams Biden border wall order as ‘impotent political posturing’ Democrats up pressure on White House over migrants and the border Massachusetts Democrats drag Biden over migrants Biden administration is resuming deportation flights for Venezuelan migrants as arrivals grow
(DBN)

Man arrested after bringing firearms to Wisconsin Capitol twice in search of governor Posts Bail and Returns With Rifle
(DBN)

Fired Northwestern football coach Pat Fitzgerald is suing school for $130M for wrongful termination
(DBN)

Cake baker's case over transgender customer's request headed for Colorado high court
(DBN)

Mom accidentally killed her teenage daughter while shooting at a stray dog
(DBN)

Cyberattack Cost MGM Resorts $100 Million
(DBN)

Woman fled scene of hit-and-run as other driver held onto her hood for 2 miles: Cops
(DBN)

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Judges:

Distinguished Bankruptcy Judge To Retire From Southern District Bench
(DBN)

Chief Justice Names Conference Committee Chairs
(DBN)

Kavanaugh + Co. Care A Lot More About Standing Now That Disabled People Are Involved
(DBN)

Kentucky Judge Indefinitely Suspended For Not Responding On Time
(DBN)

The Real Value Of A Supreme Court Justice
(DBN)

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Wall Street:

Stock futures rise slightly as traders await Friday’s jobs report
(DBN)

‘Don’t invest in the U.S.’ says GMO’s Jeremy Grantham, who sees a possible 50% stock pullback coming.
(DBN)

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Layoffs:

 

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Fraud:

Lab owner who defrauded Medicare to forfeit $187 million, Ferrari
(DBN)

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Politics:

A GOP congressman said Gaetz got 'schooled by AOC' when he ousted McCarthy: 'I can't believe he's that stupid' GOP aims fire at Gaetz after McCarthy ouster
(DBN)

Why didn't Democrats rescue Speaker McCarthy?
(DBN)

Kinzinger predicts Jordan will be next Speaker Trump endorses Jim Jordan for speaker of the House: 'Complete & Total Endorsement' Shocked Republicans look to pick up the pieces post-McCarthy Boebert says she’s ‘willing to ditch’ motion to vacate if Jordan elected Speaker Trump looking for Speaker who will help him Trump considering trip to Congress before speakership election
(DBN)

GOP knives out for Nancy Mace Mace adopts 'Dark Brandon' meme amid GOP blowback: 'Bring it'
(DBN)

House GOP quietly panics over how to escape its self-inflicted mess Most 2024 GOP presidential candidates urge Republicans to stop the chaos after McCarthy’s ouster To the World, McCarthy’s Exit Is Just Another Example of U.S. Disarray
(DBN)

Trump would throw food against the wall once or twice a week, former White House aide Cassidy Hutchinson says
(DBN)

Even some RNC members are fed up with ‘embarrassing,’ Trump-less debates
(DBN)

Trump campaign reports having $37M in the bank heading into the primaries
(DBN)

Trump taunts Biden on border wall reversal amid immigration surge
(DBN)

Trump rips Kelly after confirmation of ‘suckers’ remark about war dead
(DBN)

New Pennsylvania poll shows Biden with big lead over Trump among Black, Latino voters
(DBN)

Court approves Alabama congressional map that expands Black voting power
(DBN)

Boebert challenger rakes in $3.4M in third quarter
(DBN)

Former Santos treasurer expected to plead guilty
(DBN)

New Jersey politics is a notorious mess. It's about to hit new levels of nasty.
(DBN)

Ramaswamy campaign blames protesters for ramming its car in Iowa. Police say that's not true
(DBN)

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Air Treatment:

Air Purifier Company Files for Bankruptcy, Blames San Francisco’s Homeless Crisis
(DBN)

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Celebs:

I’m a Pittsburgh Steeler legend and NFL Hall of Famer – I went bankrupt after retiring and now work a very different job
(DBN)

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Economy:

Weekly Initial Unemployment Claims Increase to 207,000
(DBN)

September Employment Preview
(DBN)

September Jobs Report May Be Last Good One Before Sharp Slowdown
(DBN)

Americans have a spending problem, as debt soars and savings shrink
(DBN)

Inflation is ‘always going to be a risk’ with U.S. economy fundamentally changed, ADP economist says
(DBN)

Economic spotlight turns to US jobs data as markets are roiled by high rates and uncertainties
(DBN)

The collapse in Treasury bonds now ranks among the worst market crashes in history
(DBN)

Global bond funds post massive weekly outflows on rate hike concerns
(DBN)

A ‘1%-er depression’ and massive sector rotation: How a hedge-fund manager sees bond crisis playing out
(DBN)

Latinas lose $1.2 million over their careers as wage gap persists
(DBN)

The Lasting Economic Effects of Slavery Slavery’s Descendants American Dreams
(DBN)

Why women are more ambitious at work now than before the pandemic
(DBN)

Trade Deficit decreased to $58.3 Billion in August
(DBN)

Baby boomers are often said to be the luckiest generation financially — but millennials will be better off than their parents in retirement, survey finds
(DBN)

20 GOP senators led by Rick Scott vow to block bills not related to funding government GOP senators: McCarthy’s collapse will lead to turmoil, shutdown
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

The Housing Bubble and Consumer Bankruptcy
(DBN)

Texas Capital Bank Sues Ginnie Mae Over $28 Million Bankruptcy Loan
(DBN)

Moody's: "Apartment Market Softens, Office Evolution Continues, and Retail On Shaky Ground"
(DBN)

Realtor.com Reports Weekly Active Inventory Down 2.6% YoY; New Listings Down 1.2% YoY
(DBN)

Here's how one top Fed official is thinking about the increasingly unaffordable US housing market
(DBN)

'Bond King' Bill Gross warns mortgage rate surge will hammer homebuilding – and may herald an economic downturn
(DBN)

The housing market is following a similar playbook from the 1980s when mortgage rates doubled. Here’s what it could mean for homebuyers today.
(DBN)

A California Airbnb host didn't register his home properly, and now can't get rid of a guest who overstayed 541 days and counting
(DBN)

Michael Shah gets crafty to avoid Israeli bond default
(DBN)

Uncertainty continues after Dillon development’s bankruptcy sale is vacated
(DBN)

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Oil/Gas:

Oil prices drop further as the global demand outlook turns murky
(DBN)

Diesel Prices Could Keep Inflation High
(DBN)

Toyota, LG Energy Solution sign $3 billion battery supply deal in U.S. EV push
(DBN)

Why Trump and the Rest of the G.O.P. Won’t Stop Bashing Electric Vehicles
(DBN)

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Crypto:

FTX Crypto Exchange Collapse: A Billion Dollar Dilemma
(DBN)

Uncertainty Looms Over Who Will Absorb Plane Maintenance Costs for Bankrupt FTX
(DBN)

FTX co-founder testifies he committed crimes with Sam Bankman-Fried 'We allowed Alameda to withdraw unlimited funds' — Gary Wang at SBF trial College roommate talked to Sam Bankman-Fried about FTX’s $8B hole on a paddle tennis court: Trial
(DBN)

Unpacking the First Day of Sam Bankman-Fried's Actual Trial
(DBN)

Prosecution questions former FTX insider on missing $8 billion
(DBN)

FTX customers are still grappling with crypto platform's collapse
(DBN)

Sam Bankman-Fried knew FTX wasn’t ‘bulletproof’ months before collapse, witness says
(DBN)

Was Sam Bankman-Fried’s bean bag chair a lie too?
(DBN)

See inside the $35 million 'Orchid' penthouse Sam Bankman-Fried lived in, with floor-to-ceiling ocean views and a rooftop pool Sam Bankman-Fried's trial is shown dozens of photos of the luxurious Bahamas penthouse where the FTX founder lived with eight other employees who each paid $15k a month
(DBN)

Crypto Hedge Fund Giant Three Arrows Capital Defaults on $2.8 Billion Debt, Sending Shockwaves Through the Industry
(DBN)

US Regulators Weigh Penalizing Bankrupt Crypto Lender Voyager’s Ex-CEO
(DBN)

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Religion:

‘Nones’ are on the rise globally. Who are they?
(DBN)

Nearly 80% of Italians say they are Catholic. But few regularly go to church
(DBN)

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Kitchenware:

Court approves sale of Instant Brands to private equity firm Centre Lane Partners
(DBN)

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Awards:

Benchmark Litigation 2024
(DBN)

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Autos:

Foxconn says Lordstown plant won’t be impacted by separate EV startup bankruptcy filing
(DBN)

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Agribusiness:

A Massive Bankruptcy and Cattle Fraud Case Looks to Interpret New Livestock Protection Law
(DBN)

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Healthcare:

Mercy Iowa City remains on auction block as bidders contend for hospital ownership
(DBN)

Michigan county plans to erase $89M in medical debt for 38K residents
(DBN)

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Retailing:

Retailers appear to be facing a self-checkout reckoning
(DBN)

Huge retailer on bankruptcy watch delivers more bad news
(DBN)

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Education:

Pennsylvania’s Democratic governor, a rising political star, crosses partisan school choice divide
(DBN)

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Buses:

What the Proterra bankruptcy means for the electric bus industry
(DBN)

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Sports:

Bally Sports Sun retains Lightning games as parent company struggles
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings up to the 3rd quarter of 2023 exceed total filings for 2021 and 2022
(DBN)

Fall of the zombies? Why corporate failures could surge in 2024
(DBN)

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Bankruptcy Reform:

A New Bankruptcy Subchapter for Institutions of Higher Education: A Path but not a Destiny
(DBN)

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Subchapter V:

Litigating Legacy Debt: “Commercial Or Business Activities” for Subchapter V Eligibility? (In re Fama-Chiarizia)
(DBN)

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Cannabis:

Bankruptcy Court Approves Cannabis Debtor’s Chapter 11 Plan
(DBN)

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Professional Compensation:

Reimagining “Reasonableness” Under Section 330(a) in a World of Technology, Data, and Artificial Intelligence
(DBN)

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Mass Torts:

Church abuse victim silenced by legal tactics watches it happen again
(DBN)

Bankruptcy Judge Denies Survivors’ ‘Hopeless’ Bid to Sue Rockville Diocese Insurers
(DBN)

Archdiocese of Boston opposes Mass. bill to amend statute of limitations
(DBN)

Information of 101 survivors possibly exposed in Syracuse Diocese bankruptcy case
(DBN)

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Jurisdiction:

Fourth Circuit Holds that Mootness Does Not Bar Bankruptcy Court Jurisdiction
(DBN)

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Intercreditor:

Three Faces of Creditor-on-Creditor Aggression
(DBN)

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Student Debt:

Biden cancels $9 billion in student debt for 125,000 borrowers
(DBN)

See states with the most student debt as Biden Administration moves in on new deal
(DBN)

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Aviation:

Lanai's owner testifies about airline's demise
(DBN)

Lessors seek deregistration of Go First aircraft after MCA notification Go First lessors demand aircraft deregistration post bankruptcy code changes
(DBN)

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Labor:

UAW Strike Rattles Automotive Supply Chains, Threatens Bankruptcy How the UAW strike is affecting workers and the economy The price of steel is falling as the UAW strike hits demand GM makes 6th offer to UAW with progress in 'key areas' Ford delivers tough-luck news for UAW workers
(DBN)

GM’s stock hits three-year low amid UAW strike, potential air bag recall
(DBN)

New U.A.W. Chief Has a Nonnegotiable Demand: Eat the Rich
(DBN)

How the Kaiser Permanente strike could affect the whole health care industry Explainer: Why are Kaiser Permanente healthcare workers on strike? Health care strike over pay and staff shortages heads into final day with no deal in sight
(DBN)

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Biotech:

Impel, trying to propel itself through financial woes, searches for potential buyer
(DBN)

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Climate:

Global carbon emissions from power sector may have hit key turning point
(DBN)

2023 on track to be hottest year on record, data indicate
(DBN)

Millions of children are displaced due to extreme weather events. Climate change will make it worse
(DBN)

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Hotels:

$24 Million In Public Funds Meant To Save The Queen Mary Disappear In Bankruptcy Court
(DBN)

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Tech:

Twitter Is at Death’s Door, One Year After Elon Musk’s Takeover
(DBN)

AI threatens to dethrone the 4-year college degree
(DBN)

CEOs view AI as a "top investment priority"
(DBN)

Newsrooms try AI to check for bias and error
(DBN)

ADL signals truce in feud with Musk, will resume advertising on X
(DBN)

Man Jailed In UK’s First Treason Conviction In 40 Years Was Encouraged by AI Chatbot
(DBN)

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UK:

UK’s Metro Bank shares suspended multiple times after plunging more than 25%
(DBN)

Derby City Council reports £6m budget black hole
(DBN)

Commissioners named to run Birmingham City Council
(DBN)

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Russia:

Putin's plan for winning the war in Ukraine could be starting to become reality
(DBN)

Putin Says Russia's Mission Is To Create 'New World'
(DBN)

Russian strike kills at least 51 civilians in Ukraine
(DBN)

Speaker chaos deepens Ukraine funding threat
(DBN)

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China:

Evergrande crisis tests Beijing's fallout management as creditor jitters mount
(DBN)

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MENA:

Iran withdraws morality police from Tehran metro after ‘attack’ on girl, 16
(DBN)

Jailed Iranian activist Narges Mohammadi wins the Nobel Peace Prize for fighting women’s oppression
(DBN)

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Mexico:

El Chapo's sons executing own dealers after drug ban – and leaving chilling calling card
(DBN)

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North Korea:

North Korea halts nuclear reactor, likely to extract bomb fuel - report
(DBN)

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Argentina:

Argentina cenbank to hold interest rate at 118%
(DBN)

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France:

Czech tycoon Kretinsky crashes close-knit French elite with Casino bet
(DBN)

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