September 15, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Girardi Keese Partners Didn’t Tell Bar of Girardi Memory Issues
(DBN)

The Ugly Beautiful Gift: How A Lawyer Mom Faced Loneliness And Found Belonging
(DBN)

Sidley moves to 4 days a week in the office
(DBN)

UK: CMS and Taylor Rose layoff lawyers
(DBN)

Say Farewell To OCI Hell: Biglaw Firms Are Now Relying On Precruiting To Fill Their Summer Associate Classes
(DBN)

The Discouraging Reason Many Black Biglaw Partners Leave Their Firm
(DBN)

Former Bronxville attorney pleads guilty in bankruptcy case after owing $3M in unpaid taxes
(DBN)

T14 Law Professor Invites White Supremacist To Campus And You'll Never... OK, It Was Amy Wax
(DBN)

Murdaugh back in court for first time since murder trial
(DBN)

Who’s at fault when engagement ends? Appeals court considers issue in suit for return of $70K ring
(DBN)

Public Defender Schedules Are So Swamped It Probably Isn't Constitutional
(DBN)

What About A War On Incivility?
(DBN)

Axiom Ince’s missing millions ‘all spent’
(DBN)

The Aftermath Of Departing Lawyers: They Take Clients But Not The Full Fee That Goes With Them
(DBN)

Judge allows two Trump co-defendants to split off their trials in Georgia criminal case Tensions run high at Chesebro, Powell election interference hearing in Georgia Court Grants Severance To Fulton County Defendants In Testy Discovery Hearing RICO judge refuses to let 'Kraken' lawyer Sidney Powell face 'mega-trial' alone
(DBN)

Mark Meadows drops bid for emergency stay in Georgia RICO case
(DBN)

Judge rejects request to try all Trump Georgia defendants together next month
(DBN)

FBI investigating violent threats against officials in Fulton County, Georgia
(DBN)

Even Trump's Own Lawyers Know This Argument Is A Loser
(DBN)

Megyn Kelly presses Trump on retention of classified materials
(DBN)

‘Torture Memos’ author testifies in ethics hearing to support Eastman’s ideas on Pence as election arbiter
(DBN)

Criminal charges add twist to Trump lawyers’ disciplinary cases
(DBN)

Trump Lawyer Cleta Mitchell Escaped Georgia Indictment — and Still Leads Election Denial Movement
(DBN)

Giuliani Generously Offers His Legal Services To House Impeachment Squad
(DBN)

Appeals court expedites Trump appeal in E. Jean Carroll case
(DBN)

Closing Arguments Begin in Paxton Impeachment
(DBN)

Hunter Biden indicted on federal gun charges The Hunter Biden indictment, annotated In August, a federal appeals court struck down a law prohibiting users of illegal drugs from possessing firearms Ramaswamy calls indictment of Hunter Biden a ‘smokescreen’ Hunter Biden indicted on three federal gun charges Hunter Biden has been indicted on gun charges after his plea deal fell apart. The most serious count could send him to prison for up to 10 years Legal experts say the charges against Hunter Biden are rarely brought Gun rights advocates say Hunter Biden should get 'the same treatment' as everyone else It’s the first time in US history that the Justice Department has filed charges against the son of a sitting president The IRS whistleblower at the heart of the Hunter Biden probe took notes. We’ve got them The indictment of Hunter Biden isn’t really about gun charges Hunter Biden’s lawyer accuses House Republicans of ‘congressional manipulation’
(DBN)

Kentucky gay couples were denied marriage licenses. Will former clerk now have to pay them? Gay couple denied marriage license in Kentucky awarded $100K
(DBN)

Planned Parenthood will resume abortions in Wisconsin next week after judge rules 1849 state law doesn’t apply Planned Parenthood to resume abortions in Wisconsin next week after court ruling Planned Parenthood’s risky plan to bring abortions back to Wisconsin
(DBN)

State can’t rely on ‘gossamers of speculation’ to justify ban on gun marketing to minors, 9th Circuit says Judges slam 'evidence-free narrative' in blocking law banning gun ads aimed at kids
(DBN)

DHS warns in annual report of ongoing threat posed by domestic and foreign terrorists
(DBN)

Univ. of Idaho victim Kaylee Goncalves tried to escape but was ‘trapped’ on night of quadruple murder: parents
(DBN)

Escaped Pennsylvania killer survived on watermelon, planned carjacking to flee to Canada
(DBN)

Burglar allegedly stays in home for 2 days, eats and drinks $1K worth of food, booze
(DBN)

Shirtless man with 'large red swastika tattoo' put razors on Salvation Army railing: Cops
(DBN)

'Infuriated' rapist held girlfriend captive for 4 days in dorm, waterboarded her: Cops
(DBN)

Man accused of waterboarding and assaulting woman in her college dorm for three days
(DBN)

Cleveland police officers who pulled people over and robbed them sentenced to prison
(DBN)

U.S. school shootings hit another annual record high
(DBN)

As 2024 Looms, Neo-Nazis Are Returning to the Streets
(DBN)

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Judges:

Solicitor General Elizabeth Prelogar embraces tough task at conservative-leaning Supreme Court
(DBN)

Florida Man Tells Court To 'Go F--- Themselves' In Latest Filing
(DBN)

Real talk? Here's the probability a Supreme Court justice dies in the next presidential term
(DBN)

A constitutional revolution is underway at the Supreme Court, as the conservative supermajority rewrites basic understandings of the roots of US law
(DBN)

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Wall Street:

 

Dow rallies 300 points as investors cheer successful Arm IPO, decent economic data
(DBN)

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Layoffs:

Planned Parenthood hoped to meet the post-Roe moment, but layoffs shake its staff
(DBN)

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Ecommerce:

Hidden junk fees are the worst part of online shopping. They're about to get even worse.
(DBN)

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Fraud:

Ex-Deutsche Bank Banker Poised to Plead Guilty to Crypto Fraud
(DBN)

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Climate:

California bill would force large companies to disclose greenhouse gas emissions
(DBN)

The world is way off track on climate goals
(DBN)

Rockefeller Foundation to devote $1 billion to climate change
(DBN)

Popular Carbon Credits Fail to Offset Emissions, Probe Shows
(DBN)

Hot Weather May Break Records in Australia
(DBN)

Extreme Weather Is Forcing Redesign of World’s Busiest Airports
(DBN)

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Utilities:

PREPA bondholders ask court to quickly appoint receiver
(DBN)

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Tourism:

A tourist broke a historic statue in Brussels one day after it was unveiled to the public following a 3-year restoration project that cost more than $18,000
(DBN)

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Tech:

Big Tech wields AI might to accelerate cancer research
(DBN)

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Newspapers:

When No News Isn't Good News: What the Decline of Newspapers Means for Government
(DBN)

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Economy:

US corporate debt defaults surge 176% as the Fed's war on inflation pushes more companies into financial distress
(DBN)

Fed Seen Signaling One More Hike and Pushing Out 2024 Rate Cuts
(DBN)

Weekly Initial Unemployment Claims Increase to 220,000
(DBN)

Car-related costs are still boosting U.S. inflation
(DBN)

The debate about Fed rate hikes is missing a key argument, former Treasury Secretary Larry Summers says
(DBN)

The Fed needs to decide if it wants to crush the economy to get inflation back to its target rate, famed economist Mohamed El-Erian says
(DBN)

No more 'yours truly': Gen Z is speaking a whole new language in the office
(DBN)

Gen Z's surprise optimism about the future
(DBN)

Frontier Airlines CEO thinks workers got ‘lazy’ during the pandemic: ‘Seriously, people are still allowing people to work from home’
(DBN)

Millionaire CEO who called for high unemployment to remind workers who's in charge apologizes for 'deeply insensitive' remarks after viral backlash
(DBN)

House Republicans scramble for solutions to spending impasse Congress lurches closer to shutdown
(DBN)

The Black poverty rate just hit a record low
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

WeWork Holds Leverage Over Landlords in Threatened Bankruptcy
(DBN)

Realtor.com Reports Weekly Active Inventory Down 5.1% YoY; New Listings Down 7.1% YoY
(DBN)

Part 2: Current State of the Housing Market; Overview for mid-September
(DBN)

Here are the top 3 reasons why Americans say they haven't bought a home in today's market
(DBN)

Berkeley tenants crash landlords' party to celebrate end of Covid-era evictions ban
(DBN)

Flawed US Home-Loan System Forsakes the Buyers Who Need It Most
(DBN)

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Oil/Gas:

US contacts oil producers, refiners as gasoline prices rise U.S. crude oil prices top $90 a barrel for the first time since November 2022 Oil prices hit 10-month high
(DBN)

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Healthcare:

Texas Has the Highest Share of Uninsured in the Country
(DBN)

ER visits are getting longer amid hospital staffing shortages
(DBN)

Why Are Women Freezing Their Eggs? Look to the Men.
(DBN)

The End of Roe Is Having a Chilling Effect on Pregnancy
(DBN)

A sharp partisan divide remains over new Covid boosters
(DBN)

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Labor:

UPS driver without degree posts $2,400 weekly pay to Reddit, encourages unionizing
(DBN)

As UAW poised to strike, White House prepares emergency aid for suppliers
(DBN)

Biden faces a moment of peril as UAW threatens broad strike Everything you need to know about UAW’s targeted strike plans – and possible lockouts UAW strike ‘very likely’: What to know as auto workers and Big Three near deadline Negotiators rush to avoid potentially historic walkout Big numbers that make up the pending auto strike
(DBN)

It's official: Auto workers at Ford, GM, and Stellantis are on strike UAW launches unprecedented strike against GM, Ford and Stellantis These vehicles are most affected by the UAW strike Auto workers hit picket lines in three states
(DBN)

Actors, writers fill Los Angeles streets in show of unity Strikes Must Be Settled by October 1 In Order to Salvage the Scripted-TV Season, Says Fox Boss Fran Drescher Slams “Greedy” Studio CEOs: Want To “Keep Us Their Peons”, SAG-AFTRA Prez Says HBO’s ‘Real Time With Bill Maher’ To Return To Air Without Writers
(DBN)

Newsom in the hot seat after California passes bill to give striking workers unemployment benefits
(DBN)

Kaiser Permanente workers vote to authorize strike
(DBN)

____________

Crypto:

Former FTX GC Opens Boutique Firm, Will Draw Upon Disastrous Experience To Help New Clients
(DBN)

‘One of the Most Hated People in the World’: Sam Bankman-Fried’s 250 Pages of Justifications
(DBN)

FTX Slams BlockFi Bankruptcy Plan, Alleging Unfair Treatment
(DBN)

Sam Bankman-Fried’s Parents: Did They Enable FTX’s Rise?
(DBN)

Genesis, once among largest, winds down remaining crypto trading operations
(DBN)

Former Celsius exec pleads guilty to criminal charges
(DBN)

Celsius to purchase $45M Core Scientific mining facility as part of bankruptcy settlement
(DBN)

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Trucking:

Trucker Yellow Paid Executives Millions Just Before Bankruptcy
(DBN)

Rivals pick over old Yellow freight assets as shippers plan for LTL rate hikes
(DBN)

Old Dominion's bid for more terminals topped -- for now
(DBN)

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Insurance:

Financial Institution D&O Liability After Caremark and McDonald's
(DBN)

Vesttoo case update: Creditors differ with White Rock JPL’s over stay, cells & discovery
(DBN)

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Politics:

Nancy Pelosi concedes Biden may drop out of 2024 race - then laughs and refuses to say if Kamala Harris is the best running mate
(DBN)

Kevin McCarthy dares hard-right Republicans to oust him as speaker ‘Move the F*cking Motion’: McCarthy Reportedly Defiant in Heated Closed-Door Meeting as He Faces Down GOP Mutiny Who’s really in charge? McCarthy, moderates, or the Freedom Caucus?
(DBN)

GOP tensions flare amid Biden impeachment push Trump says his own impeachment led to push for Biden’s Carville on McCarthy’s impeachment inquiry: ‘How could we get so lucky?’ House Dems take aim at Hunter Biden to defend his dad Rep. Comer is the Biden impeachment inquiry's wild card
(DBN)

‘You’re screwed’: Romney’s exit threatens a collapse of Senate’s middle
(DBN)

Trump tells Megyn Kelly that President Biden is not too 'old' just 'grossly incompetent' Double standard? Democrats say Trump gets free pass on his age
(DBN)

Trump dominates Republican field in South Carolina, poll finds
(DBN)

Trump’s rivals face growing pressure to cut into his lead
(DBN)

In April, Trump said his private-jet LLC was worth no more than $1,001. Then in July, he said it was worth up to $25 million. Why?
(DBN)

A New Survey Offers a Small Silver Lining to the Anti-Trump Crowd
(DBN)

'Sound of Freedom' Star Jim Caviezel Compares Donald Trump to King David
(DBN)

Schumer: GOP senators ‘trying to mimic’ House Freedom Caucus in spending fight
(DBN)

Republican-controlled Wisconsin Senate votes to fire top elections official
(DBN)

A House GOP attempt to advance abortion measure backfires in funding fight
(DBN)

‘It will take years to recover’ from Tuberville blockade, top Navy nominee says
(DBN)

Boebert Claimed She Wasn't Vaping at Show . . . Video Says Otherwise Lauren Boebert called pregnant woman who asked her to stop vaping a 'miserable person' before being tossed from 'Beetlejuice': report
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Litigation Finance:

Litigation Finance Has Become ‘Money Play,’ House Lawmakers Told
(DBN)

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Reinstatement:

New York Bankruptcy Court Raises the Cost of Keeping Funded Debt: Debtor Needs to Pay Default Interest Rate in Reinstatement of Accelerated Debt
(DBN)

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Bankruptcy Strategy:

Post-Bankruptcy Claims and Transactions: What Are the Risks and Rewards?
(DBN)

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Mass Torts:

Alex Jones spent more than $93,000 in a month, but Sandy Hook families still haven’t been paid a penny, court documents show Alex Jones pays own wife $15K a month as Sandy Hook families are yet to see a dime from him
(DBN)

Mallinckrodt Bankruptcy Reveals $21 Million Paid to Big Law Trio
(DBN)

Attorney General Bonta Files Letter with U.S. Supreme Court in Purdue Pharma Bankruptcy Case
(DBN)

How Do " Bankruptcy Grifters" Destroy Value in Mass Tort Settlements? In Re Purdue Pharma as a Bargaining Failure
(DBN)

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Aviation:

More companies, especially airlines, warn higher costs will eat into profits
(DBN)

Florida TSA officers seen stealing from passengers at security checkpoint at Miami airport
(DBN)

Delta flyers slam SkyMiles program overhaul: 'The biggest middle finger yet'
(DBN)

United flight to Rome plunges 28,000 feet in 10 minutes, then reverses course
(DBN)

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Social Media:

Supreme Court temporarily freezes ruling that would curb government contact with social media companies
(DBN)

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Student Debt:

House GOP advances bill to block Biden’s student loan repayment program
(DBN)

____________

Retailing:

Retail Sales Increased 0.6% in August Retail sales jump as gas prices soared
(DBN)

Rite Aid Prepares For Bankruptcy Rite Aid closes some stores as bankruptcy questions linger over pharmacy chain
(DBN)

Bed Bath & Beyond employees sue over 401(k) plan losses
(DBN)

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Celebs:

‘Sad’ Oprah Winfrey was shocked over ‘vitriol’ of Maui fire donation backlash
(DBN)

Famed German Chef Alfons Schuhbeck’s Fall from Grace: A Tale of Debt and Imprisonment
(DBN)

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UK:

Rescue Culture: Playing the Devil’s Advocate
(DBN)

End of an Era: British Retail Chain Wilko Shuts Down after 97 Years
(DBN)

Katie Price's virtual bankruptcy hearing over £3.2m debt is thrown into chaos after 'petrified' model claimed member of public took screen shots and called for her to 'go to jail' Katie Price court hearing held in private because of 'skanky' person
(DBN)

UK to Pay Tata £500 Million to Keep Biggest Steelworks Running
(DBN)

BOE Says Consumer Inflation Expectations Increased in August
(DBN)

BOE Says Consumer Inflation Expectations Increased in August
(DBN)

____________

Canada:

BioSteel files for bankruptcy protection, parent company Canopy Growth looking for new buyer Canadian sports drink company BioSteel filing for creditor protection, seeking new buyer Canopy Growth seeks bankruptcy protection for BioSteel to trim costs
(DBN)

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MENA:

How Israel’s court became so controversial
(DBN)

Musk expected to meet with Netanyahu as antisemitism controversy rages
(DBN)

Armed guards posted at all Jerusalem synagogues amid rising terror
(DBN)

Senate subpoenas Saudi’s $700bn sovereign wealth fund over US dealings
(DBN)

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Brazil:

Brazil court sentences first defendant in pro-Bolsonaro riots to 17 years
(DBN)

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Russia:

Emergency alerts on NATO territory as Russian drone attacks force Romanians into underground shelters
(DBN)

With Wide-Ranging New Sanctions, Treasury Targets Russian Military-Linked Elites and Industrial Base
(DBN)

UK Drops Probe Into Sanctioned Russian Billionaire Mikhail Fridman
(DBN)

G-7 Plans Russian Diamond Imports Ban by Year-End, Belgium Says
(DBN)

Musk’s Denial of Ukraine’s Starlink Request Prompts Senate Probe
(DBN)

Bank of Russia Boxed In on Rates by Ruble and Economy
(DBN)

Boris Johnson warns Donald Trump not to drop U.S. support for Ukraine
(DBN)

Ukraine destroyed a prized $500M+ Russian air-defense system with cruise missiles, reports say
(DBN)

House GOP grows skeptical on Ukraine: ‘It’s not just the Freedom Caucus’
(DBN)

____________

China:

Chinese Developer Sino-Ocean Suspends Offshore Debt Payments
(DBN)

Country Garden Delays Yuan Bond Extension Vote to Monday
(DBN)

China's tanking economy will hurt the US more than some experts think, top economist David Rosenberg says
(DBN)

China's house-price slump drags on as Beijing battles to shore up the country's crisis-hit property sector
(DBN)

China Shrinks Budget Deficit in Sign of Weak Fiscal Support
(DBN)

____________

India:

Effectiveness of the Resolution Process: Firm Outcomes in the Post-IBC Period
(DBN)

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Netherlands:

High street chain BCC in bankruptcy protection as losses mount
(DBN)

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Norway:

Unite Living Faces Imminent Bankruptcy: A Struggle to Stay Afloat in the Digital Rental Market
(DBN)

The Fall of Giants: Taxi Firms Frogner Transportservice and Driver School Declared Bankrupt
(DBN)

Iceberg of Debt: Manglerud Star Ishockey Files for Bankruptcy
(DBN)

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