September 1, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

If law schools prohibit ChatGPT in writing, can they back it up?
(DBN)

Several Law Schools Gave Their Applicants A Chance To Study For Their Spot. Will This Be A New Trend?
(DBN)

Research: AI will lead to more legal work being done by those without ‘traditional qualifications’
(DBN)

Mean scaled score for bar exam’s multiple-choice section sees slight increase
(DBN)

Weil mandates four day in-office week in London
(DBN)

Musk blames Latham for San Francisco’s problems. Huh?
(DBN)

Lawyer thought fake-client tactic was an acceptable strategy, she tells disciplinary commission
(DBN)

Diversity Program Foes Turn to Civil War-Era Law in Court
(DBN)

Squire Patton Boggs partner set to referee Rugby World Cup
(DBN)

Sexual harassment accusers are ‘scorned former lovers,’ onetime law prof’s suit says
(DBN)

Plaintiff Breaks Record For Most Disingenuous Argument Ever Briefed As Southwest Airlines Seeks To Stay Anti-LGBTQ Training Order
(DBN)

Federal appeals court tosses lawyer’s challenge to anti-bias ethics rule
(DBN)

Up to $2.1 million in student aid improperly disbursed for LLMs, Education Department says
(DBN)

Trump will skip arraignment in Georgia and pleads not guilty to charges • Trump asks to sever Georgia election case from co-defendants seeking speedy trial • Trump trial in Fulton County will be televised and live streamed, Georgia judge says • Kraken Lawyer Sidney Powell Demands To Be Tried Separately From Election Stealing Hooligans In GA RICO Case • 'Kraken' lawyer Sidney Powell wants to face RICO trial alone for 'three days at most'
(DBN)

Barr says claims Trump trials will interfere with election ‘simply wrong’
(DBN)

Trump under oath: Assets are ‘Mona Lisas’, his name worth $4 billion
(DBN)

Proud Boy Biggs receives 17 years for Jan 6 sedition • Proud Boy Zachary Rehl receives 15 years in prison, half of government request • Proud Boys who led march to Capitol get two of the lengthiest sentences since Jan. 6 attack
(DBN)

Trump campaign aide told police officers to ‘go hang yourself’ at Jan. 6 riot
(DBN)

Forget the Deep State. Trump is at war with the whole state
(DBN)

Giuliani’s first big legal loss is a blistering one • Giuliani loses support of billionaires Langone, Cooperman: ‘I wouldn’t give him a nickel’
(DBN)

Georgia’s GOP House Speaker slams push to defund Fani Willis amid hurricane
(DBN)

States look to see if 14th Amendment can be used to disqualify Trump — but it has risks
(DBN)

Alabama AG tells court he has right to prosecute out-of-state abortion aid
(DBN)

Biden administration proposes to close loophole on background checks
(DBN)

JPMorgan Flagged $1B in Suspicious Epstein Transactions to Treasury
(DBN)

Federal Judge Stops Texas Law Banning Drag Performances
(DBN)

Texas Book Rating Law Blocked
(DBN)

Texas top court lets ban on gender treatments for minors take effect
(DBN)

Court Rules in Pornhub’s Favor in Finding Texas Age-Verification Law Violates First Amendment
(DBN)

Adams wants more migrants out of New York City. Why Hochul is resisting •New Jersey governor says state can't handle NYC migrants
(DBN)

Families crossing U.S. border illegally reached all-time high in August
(DBN)

Norfolk police pull over man with huge bull in passenger seat
(DBN)

Cops Laughed About Violating Civil Rights
(DBN)

'Don't worry about him. He's dead': Man allegedly confessed to butchering roommate
(DBN)

Woman convicted in plot with twin sister to have boyfriend murder brother as he slept
(DBN)

Mom shot and killed daughter's boyfriend after he challenged her to 'just shoot me': Cops
(DBN)

Softball dad thrown out of daughter's game gets second chance at First Amendment lawsuit
(DBN)

Missouri judge rules white man will stand trial for shooting Black teen who went to wrong house
(DBN)

‘Bad boy’ postnup clause can be enforced in Maryland, top state court says
(DBN)

______________

Judges:

Clarence Thomas discloses multiple trips accepted from GOP megadonor Harlan Crow • Clarence Thomas discloses flights on GOP megadonor's private jet • Justice Thomas’ disclosure includes Harlan Crow real estate deal and private plane flights • Clarence Thomas says he flew on private jets because of safety concerns after the decision to overturn Roe v. Wade leaked • Read the financial disclosures from Justices Clarence Thomas and Samuel Alito • Clarence Thomas's New Financial Disclosures Are Better Than In The Past, But Not Where They Need To Be • The Most Galling Part of Clarence Thomas’ Latest Ethics Disclosure • Harlan Crow appears throughout Clarence Thomas' 2022 financial disclosure after the Supreme Court justice never mentions gifts and vacations for years • The Volunteer Moms Poring Over Archives to Prove Clarence Thomas Wrong • Clarence Thomas Enlists Lawyer to Fight ‘Political Blood Sport’ • Clarence Thomas’ lawyer says a billionaire bought his mom’s house because it was in a blighted neighborhood full of junkies and they wanted her to keep living there
(DBN)

Thomas, Alito go on the attack over Supreme Court ethics
(DBN)

Judge should be admonished after calling double-parked teacher the B-word, commission says • Judge Gets In Trouble For Name Calling Over A Parked Car
(DBN)

The Essential Guide To All 50 State Supreme Courts (And DC And Puerto Rico)
(DBN)

Hi, It's Amy Coney Barrett, She's The Problem, It's Her • Amy Coney Barrett Longs For The Days The Supreme Court Could Ruin Your Life In Obscurity
(DBN)

Judge with ‘unremitting workload’ apologizes for falling asleep during trial
(DBN)

______________

Wall Street:

Stock futures are higher ahead of August payrolls report
(DBN)

US stocks trade mixed to close out tough August as traders brace for jobs report
(DBN)

US Stocks Still Face Hard Landing Risks, Bank of America Says
(DBN)

______________

Layoffs:

Layoff Announcements Jumped in August as Companies Reduced Expenses
(DBN)

Malwarebytes lays off 100
(DBN)

Purell maker GOJO lays off 10%
(DBN)

Sage lays off 40%
(DBN)

CapRadio announces layoffs of 12%
(DBN)

Cloud automation startup SkyKick lays off 140 employees
(DBN)

______________

Healthcare:

5 hospitals closing, ending services
(DBN)

6 hospital bankruptcies in 2023
(DBN)

Hospital Distress Worsens Amid Labor Scarcity and Inflation - WSJ
(DBN)

White House sending nearly half-billion dollars to tackle overdose crisis
(DBN)

Taking dietary supplements full of antioxidants could actually help cancerous tumors grow
(DBN)

____________

Personal Finance:

Former Google recruiter: If your boss uses any of these 7 ‘toxic’ phrases, it may be time to quit your job
(DBN)

____________

Retailing:

Amazon-Business Acquirer Benitago Files for Bankruptcy
(DBN)

Dollar General stock crashes 17% after the budget retailer cuts its outlook for the rest of the year
(DBN)

____________

Bicycles:

Lavoie buys VanMoof, giving the e-bike maker a bankruptcy liferaft • VanMoof makes a move: Lavoie acquires the e-bike startup out of bankruptcy for “tens of millions” of euros • VanMoofers After the Bankruptcy
(DBN)

____________

Trucking:

Used Truck Market Can Likely Handle Yellow Liquidation
(DBN)

With Bills Ranging From $81 to Millions Due, Yellow's Creditors Face Uncertain Recovery
(DBN)

____________

Education:

Alderson Broaddus University files for bankruptcy • West Virginia college files for bankruptcy a month after announcing intentions to close
(DBN)

____________

Private Clubs:

Helena’s Montana Club plans to file for Chapter 11 bankruptcy
(DBN)

____________

Celebs:

Kim Zolciak May Need to ‘File for Bankruptcy’ Amid Divorce From Kroy Biermann
(DBN)

____________

Economy:

61% of adults live paycheck to paycheck — inflation is still squeezing budgets
(DBN)

Personal Income increased 0.2% in July; Spending increased 0.8%
(DBN)

Americans are saving and earning less. But they won't stop spending.
(DBN)

Delinquencies rise for credit cards and auto loans, and it could get worse
(DBN)

Taylor Swift, Beyoncé and ‘Barbenheimer’ boost to consumer spending may not last
(DBN)

'Shark Tank' investor Kevin O'Leary says it's weird there's no recession yet — and predicts mortgage rates will exceed 8%
(DBN)

Global growth is set to slow — but there are ‘pockets of resilience,’ Moody’s says
(DBN)

Weekly Initial Unemployment Claims Decrease to 228,000
(DBN)

Hollywood strike, Yellow bankruptcy likely restrained US job growth in August
(DBN)

A looming child care funding crisis threatens Biden’s economic recovery
(DBN)

Fed's preferred inflation gauge ticks up in July • Key inflation measure rises as incomes decelerated in July
(DBN)

The 10-year Treasury bond is a 'screaming buy' because the Fed has regained credibility on fighting inflation
(DBN)

The job market is ‘normalizing,’ economist says — what that means for workers
(DBN)

These stocks — the ‘beating heart’ of the economy — are in trouble, says strategist
(DBN)

If you work remotely, your bosses are probably using software to track you. Here's how they'll catch you slacking off.
(DBN)

Banks Get Tough on Return-to-Office Laggards After Summer Break
(DBN)

Trump fires back at WSJ editorial, argues his tariff policies were a success
(DBN)

White House calls on Congress to pass short-term spending measure to prevent shutdown
(DBN)

This is how much singles need to live comfortably in every state
(DBN)

Fewer job posts require degrees, though hiring hasn’t caught up
(DBN)

Managers say Gen Zers aren't getting work done and lack basic social skills – and it's driving them crazy
(DBN)

Indeed offers $10K relocation benefit to workers seeking gender-affirming care
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

______________

Real Estate:

The housing market's inventory crunch deepens as listings fall for the 4th straight month in August
(DBN)

Zombie companies are dropping like flies
(DBN)

Realtor.com Reports Weekly Active Inventory Down 6% YoY; New Listings Down 8% YoY
(DBN)

PCE Measure of Shelter Slows to 7.8% YoY in July
(DBN)

____________

Municipalities:

Lexington Council approves ad valorem tax increases amid controversy, risk of insolvency
(DBN)

____________

Oil/Gas:

High Court grants Barryroe Offshore Energy more time
(DBN)

Hyundai, LG to Spend $4.3Bn on Ga. Battery Plant
(DBN)

____________

Climate:

FEMA down to its last $3.4 billion as Maui wildfires, Hurricane Idalia slam U.S.
(DBN)

New advanced computer modeling helped predict Idalia's intensity spike
(DBN)

Biden speaks with DeSantis, approves Florida disaster declaration for Hurricane Idalia • Tropical Storm Idalia heads out to sea as Florida and Georgia begin arduous cleanup process
(DBN)

Oprah, Dwayne Johnson donating $10M to victims of deadly Maui wildfires
(DBN)

Burning Man’s climate protesters have a point
(DBN)

The ocean is responding to mounting human threats in surprising ways
(DBN)

____________

Labor:

UAW union files NLRB complaints against GM, Stellantis over contract talks
(DBN)

Top Hollywood executives shift strike messaging strategy • Entertainment PR firms take major hit amid Hollywood strike • Studio CEOs Set To Meet Today Amid Internal Tensions; No End In Sight To Strikes • Tinseltown self-destructing?
(DBN)

Trust gap between executives and workers widens
(DBN)

____________

Utilities:

Energy Committee Republicans press Hawaiian utility on fire origins
(DBN)

____________

Sports:

The future of local sports rights and the RSN business reach critical stage
(DBN)

____________

Rail:

Faster trains to begin carrying passengers as Amtrak’s monopoly falls
(DBN)

____________

Crypto:

The rise and continuing fall of Sam Bankman-Fried: A step-by-step guide to his case so far
(DBN)

Sam Bankman-Fried Lawyers ‘Need’ Him Out Of Jail Ahead of Trial, They Tell Judge • Sam Bankman-Fried attorneys say they are ‘unable to adequately prepare’ for trial
(DBN)

Bankman-Fried, prosecutors spar over anticipated blame-the-lawyers defense
(DBN)

Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal
(DBN)

____________

Pillows:

Pegasus, in Chapter 11, being acquired by PE firm • 15 Pegasus suppliers account for 84% of money owed to top unsecureds
(DBN)

____________

Politics:

Mitch McConnell might be freezing up in public because he's having small seizures, doctors suggest • McConnell's scary moment raises age limit questions for Congress — again • Ingraham says McConnell ‘no longer capable of working full-time’ • GOP pollster Frank Luntz says it may be time for McConnell to ‘pass on the torch’ • Speculation swirls around McConnell’s future • McConnell suffering ‘occasional lightheadedness’ but is clear to keep working, his doctor says • Capitol physician linked Mitch McConnell's two freezing episodes to 'lightheadedness' from a months-old concussion • Why Is Nobody Doing Anything About Mitch McConnell? • GOP senators weigh 'special' meeting on their leadership after McConnell's freeze • Nikki Haley says after McConnell freeze-up: "Understand when it's time to go"
(DBN)

In some countries, politicians are actually getting younger
(DBN)

Liberals raise alarms, calling on Biden to sharpen reelection pitch
(DBN)

AL: GOP Lawmaker Arrested for Voter Fraud
(DBN)

Biden lauds DeSantis as each works to boost recovery efforts • Biden will visit Florida over the weekend to survey Idalia damage • DeSantis voted against Sandy aid a decade ago. Now his state needs the help •DeSantis’ New Insurance Law Could Make It Harder to Rebuild After Hurricane Idalia
(DBN)

White House warns GOP Biden impeachment will backfire
(DBN)

Ramaswamy a ‘performance artist,’ Karl Rove says • Rove Nukes Vivek in Scorching Op-Ed
(DBN)

The conservative boycott playbook is kind of working
(DBN)

Mississippi elects openly gay lawmaker for first time in state’s history
(DBN)

AG denounces election worker threats as DOJ charges over a dozen people
(DBN)

____________

Entertainment:

‘Barbenheimer’ Brought Audiences Back, But Uncertainty Around Strikes Could Capsize 2024
(DBN)

____________

Insurance:

Markel joins Vesttoo bankruptcy case over $127.75m fraudulent LOCs • Markel Group unit named to creditors committee in Vesttoo Chapter 11 case
(DBN)

Vesttoo bankruptcy judge approves $3.5mn staff payouts despite Clear Blue objections
(DBN)

Health IQ Files for Bankruptcy, Plans for Liquidation
(DBN)

____________

Radio:

Ed Stolz Files Appeal To Halt Bankruptcy Auction Of Seven Signals • In Latest Stolz Saga Twist, Embattled Ex-Owner Files Appeal
(DBN)

____________

New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Exemptions:

Perpetuating A Bad Homestead Exemption Rule at U.S. Supreme Court (Wells v. McCallister)
(DBN)

____________

UST:

Ninth Circuit Joins Other Circuits in Refunding U.S. Trustee Fees
(DBN)

____________

Mass Torts:

Sandy Hook parents awarded damages against Alex Jones decry his ‘opulent’ spending as he seeks raise
(DBN)

‘Scouts Honor: The Secret Files of the Boy Scouts of America’
(DBN)

3M Lawsuit Investors Ordered to Be Unmasked Amid $6 Billion Deal
(DBN)

3M's $6 billion earplug accord risks failure if veterans reject deal
(DBN)

____________

Automatic Stay:

Exceptions to the Rule: When Non-Debtor Entities are Protected by the Automatic Stay
(DBN)

____________

Subchapter V:

The Application of 11 U.S.C. § 523(a) to Subchapter V Corporate Debtors Under 11 U.S.C. § 1192(2)
(DBN)

Notable Subchapter V Bankruptcy Opinions: July 2023 Edition
(DBN)

____________

Interest:

Solvent Debtors Must Pay the Contractual Post-Petition Interest Rate on Unimpaired Claims
(DBN)

____________

Liens:

Creditors Not Precluded From Recovering Debtors’ Commercial Tort Litigation Recovery Through Security Interest
(DBN)

____________

Aviation:

Restructuring SAS achieves first profitable quarter in four years
(DBN)

____________

Tech:

US newspaper giant pauses AI-written articles after social media mockery
(DBN)

Judge blocks law requiring parental consent for kids to use social media
(DBN)

____________

Agribusiness:

Here’s who will likely own AppHarvest’s largest greenhouses after bankruptcy auction
(DBN)

The myths we tell ourselves about American farming
(DBN)

____________

Autos:

Biden administration offers $12B to convert auto factories into EV plants
(DBN)

Tesla reportedly facing DOJ, SEC probes over plans to build Elon Musk a large glass house
(DBN)

____________

Fraud:

August 2023 Ponzi Scheme Roundup
(DBN)

A Broward ‘Mother Theresa,’ her cronies — and, the feds say, a $190 million Ponzi scheme
(DBN)

____________

Pharma:

Negotiating drug prices: Finally, politics catches up with sanity
(DBN)

Ozempic could be the next target of Medicare drug price negotiations – here’s why
(DBN)

It’s not just CVS. Other big pharmacy chains cut hours, close stores
(DBN)

FactCheck: “According to the Congressional Budget Office,” the Inflation Reduction Act “will save the federal government $160 billion over the next 10 years because Medicare will be paying less for the prescription drugs they’re making available to seniors.”
(DBN)

____________

Student Debt:

Student loan interest resumes: What to know about subsidized, unsubsidized loans • Student loan payments restart in October — here are changes borrowers can expect
(DBN)

How to know if the SAVE student debt repayment plan is right for you
(DBN)

Why student loans may be the next bubble
(DBN)

____________

Furniture:

Luxury couch crunch: Furniture retailers hit post-pandemic slump
(DBN)

____________

Pensions:

DOL auditing some multiemployer plans following PBGC aid, attorney says
(DBN)

____________

Retailing:

JCPenney is spending $1 billion on store and online upgrades in latest bid to revive its business
(DBN)

____________

UK:

UK restructuring procedures: Is the restriction on imposing creditor obligations absolute?
(DBN)

____________

Canada:

"Unwinnable odds": Major BC cannabis producer gets acquired, owes millions to creditors
(DBN)

CIBC Misses Estimates as Provisions for Souring Loans Surge
(DBN)

No human remains found 2 years after claims of ‘mass graves’ in Canada
(DBN)

____________

Russia:

A Ukrainian group says it's wreaking havoc on Russian occupiers, from directing missile strikes to trolling them with the national anthem
(DBN)

‘The war is coming home to Russia’: Ukraine turns the tables on Moscow as drone warfare intensifies
(DBN)

Ukraine breaks through major Russian defense lines as counteroffensive picks up pace
(DBN)

Calculating what Russia owes Ukraine
(DBN)

Zelensky says Ukraine has new long-range weapons
(DBN)

____________

Argentina:

Dollarization is the only way for Argentina to stop its 'death spiral', economist Steve Hanke says
(DBN)

____________

China:

Country Garden to delay key vote as China rolls out more support
(DBN)

Inside the downfall of embattled property developer China Evergrande
(DBN)

China's Economy Shows Fresh Signs of Weakness
(DBN)

The US, Allies See Opportunity and Risk in China’s Slowing Economy
(DBN)

China's economy isn't on the verge of collapse, and markets are overlooking these indicators, China Beige Book says
(DBN)

Foreign investors are dumping Chinese stocks at a record level as fear of economic turmoil persists
(DBN)

Robotics giant ABB on China: ‘It will be challenging for the rest of the year’
(DBN)

____________

MENA:

A Saudi-Israel deal could reshape the Middle East — but it’s a long way away
(DBN)

____________

Sweden:

Builders drive Swedish bankruptcies to the highest level in decades • Swedish home buyers cancel bookings on new houses at record rate
(DBN)

____________

India:

Insolvency cases on slow track
(DBN)

India shows an impressive 7.8% economic growth in April-June quarter
(DBN)

____________

Germany:

From War Bunker to Penthouse to Market Flop: How Germany's Property Boom Ended
(DBN)

____________

France:

Rating agency S&P cuts retailer Casino to 'D' denoting likely default
(DBN)

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