September 22, 2023

The Daily Bankruptcy News

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3-Column Formating

 

Law:

In-House Counsel Hiring Is Booming, But There's 'Serious Pushback' When It Comes To In-Office Work Requirements
(DBN)

Former Biglaw Partner Barred From Courthouse, Faces Discipline
(DBN)

Experienced Bankruptcy and Restructuring Partner Evan Miller Joins Saul Ewing’s Wilmington, Delaware Office
(DBN)

This Top 50 Law School Dean Is Also Of Counsel At A Top Biglaw Firm
(DBN)

The Best Place To Be A Baller On A Biglaw Salary
(DBN)

Black Hair Big Law (Part III): ‘Professionalism,’ Work Hair, And Interview Hair
(DBN)

David Boies’ high hourly fees pale in comparison to request by lawyers suing Tesla
(DBN)

New law school targeting part-time students planned for Charlotte, North Carolina
(DBN)

Grisham, other legal novelists among authors suing OpenAI for using their copyrighted work
(DBN)

Clifford Chance commits to hybrid working with open plan office
(DBN)

Sidley Austin lawyers 'humiliated' by pay and promotion freeze
(DBN)

Taylor Wessing lawyers told to say thanks with crypto
(DBN)

Wisconsin Congressman Busts AG Garland's Balls About Naked Bike Ride In Madison
(DBN)

Federal prosecutor’s office in rural Oklahoma struggles to hire attorneys for spiking caseloads
(DBN)

Lawyer’s ‘dogged efforts’ led to scientific discovery that could help with chronic fatigue
(DBN)

Alex Murdaugh pleads guilty to financial crimes — the first time he’s admitted blame to a judge
(DBN)

CLE Coordinator Receives 15-Year Sentence For Stealing Under $14K
(DBN)

Trump demands Republicans shut down government to 'defund' his criminal prosecutions
(DBN)

NY AG: Trump request to delay civil fraud trial ‘brazen and meritless’ Trump’s latest legal gambit could cause ‘cascade’ of trial delays, New York warns
(DBN)

Former prosecutor who quit Trump-Russia probe says she left over concerns with Barr Former John Durham Deputy Confirms Bill Barr Was Exactly As Corrupt As We All Thought He Was
(DBN)

Trump's Preposterous Defense in the Purloined Documents Case
(DBN)

Paxton Promises Retribution Sununu: Paxton Acquittal is an Embarrassment Dan Patrick defends taking $3 million from pro-Paxton group ahead of trial GOP senators, open to Paxton conviction, flipped when they realized they were still short the votes
(DBN)

Hunter Biden ordered to appear in person at Oct. 3 arraignment
(DBN)

Giuliani ordered to show up for trial over defamation damages he will owe election workers
(DBN)

JPMorgan legal fees in Jeffrey Epstein sex traffic cases near $14 million, former exec reveals
(DBN)

‘Sexy’ and family get-togethers: Comer views new email details
(DBN)

Video shows officer repeatedly discussed charging 11-year-old victim with child sexual abuse offense
(DBN)

After a lull, asylum-seekers adapt to US immigration changes and again overwhelm border agents Thousands of Venezuelan Migrants Will Be Allowed Work Permits in the US New York Wants to Know How $4 Billion Is Being Spent on Migrants 800 troops head to U.S.-Mexico border in response to migrant crisis Migrants Overwhelm Texas City of Eagle Pass - WSJ Migrant encounters at U.S.-Mexico border on pace to reach record highs in September
(DBN)

How many people work for the Mexican drug cartels? Researchers have an answer Cartels rank as nation's fifth-largest employer!
(DBN)

Police solve two cold cases from late 90s, thanks to DNA evidence
(DBN)

Fugitive who fled before attempted murder conviction 32 years ago captured in Mexico
(DBN)

Man who killed sister because he thought she was a witch is sentenced
(DBN)

White Juror Tossed at Tax Trial as Judge Cites ‘Racist Behavior’
(DBN)

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Judges:

Clarence Thomas Secretly Participated in Koch Network Donor Events
(DBN)

Ex-Wisconsin Supreme Court justices blast GOP impeachment push
(DBN)

Tennessee Judge Should Really Leave Parenting To The Parents
(DBN)

'Ranting, rambling, and paranoid': Appeals court suspends oldest federal judge
(DBN)

Judge shot cars before road rage incident where he tried to push woman into traffic: Cops
(DBN)

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Wall Street:

Stock futures rise slightly, but market heads for big weekly losses
(DBN)

US stocks tumble amid surging bond yields and potential government shutdown US stocks fall as 10-year Treasury yield surges to highest since 2007 after Fed meeting Stocks sell off after Powell crushes rate-cut hopes
(DBN)

Billionaire investor Bill Gross warns of more pain for bond investors with fixed-income on track for unprecedented 3-year slump
(DBN)

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Layoffs:

 

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Labor:

Jeep maker gives UAW new contract proposal
(DBN)

UAW official says union creating "chaos" for automakers, leaked messages show
(DBN)

The Moment It All Changed for UAW President Shawn Fain
(DBN)

The auto strike, by the numbers
(DBN)

For Tesla and Musk, Auto Strike Carries Benefits and Risks
(DBN)

Hawley demands answers on child labor from Tyson CEO after damning NY Times report
(DBN)

Where key issues stand as UAW closes in on extended strikes against GM, Ford and Stellantis
(DBN)

Side hustles take center stage in paying bills for Hollywood workers on strike
(DBN)

An end in sight? Striking writers and Hollywood studios spend second full day in negotiations
(DBN)

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Transit:

Why NYC’s subway is struggling
(DBN)

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Mail:

USPS ditches holiday surcharges despite stamp price hikes
(DBN)

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Autos:

Japan's auto exports to the U.S. surge
(DBN)

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Food/Beverage:

Americans are cheaping out big time on restaurant tips. Here are the states with the worst and best tippers.
(DBN)

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Retailing:

Major retail chains claim ‘TikTok videos with 9b views’ causing shoplifting boom & issue dark warning to employees
(DBN)

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Gambling:

Gaming company with 2,300 machines files for bankruptcy with $610million in debt after change in gas station law
(DBN)

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Television:

A dealmaking denouement is under way for the decline of TV
(DBN)

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Economy:

Weekly Initial Unemployment Claims Decrease to 201,000
(DBN)

Fed officials see way out of inflation woes without major economic pain
(DBN)

Everything Selloff Snowballs While Traders Adjust to Fed’s Reality
(DBN)

The bond market's notorious indicator is correctly signaling a coming recession, and the Fed has made a major mistake, the economist who coined the inverted yield curve says
(DBN)

Recession predictions pushed off
(DBN)

Americans say this is the No. 1 most important factor to live a fulfilling life—it’s not making a lot of money
(DBN)

Do inflation-proof jobs exist? It depends ‘on the circumstances,’ says expert
(DBN)

Bill Gross Warns Bond Investors Face Record Third Year of Losses
(DBN)

Billionaire investor Bill Ackman’s answer to the RTO pushback is to let employees work from anywhere in July and August
(DBN)

Congress leaves for weekend with no shutdown solution in sight Poll: Most Americans say a shutdown would affect them McCarthy fails key House stress test as he seeks government shutdown stopgap House GOP erupts as McCarthy fails to move Pentagon bill McCarthy Ambushed as Republican Hardliners Change Course on Spending Plan McCarthy gives in to right flank on spending cuts, but they still deliver a defeat as shutdown looms Trump lobs new grenade into GOP's government shutdown debate House Republicans push back on Trump criticism of funding plan: ‘He’s not here’ House GOP in turmoil on spending House GOP funding bubble bursts Would a government shutdown impact Social Security, VA benefits? Senate GOP predicts McCarthy will go to Democrats for votes U.S. braces for calamitous, costly government shutdown
(DBN)

F-35s Aren’t Ready to Fly and the Parts Supply Falls Short, GAO Says
(DBN)

AstraZeneca Sued by Staffer Whose Bonus Was Cut for Working at Home
(DBN)

China Doesn't Pay Trump's Tariffs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

US Mortgage Rates Rise for Second Straight Week, Hitting 7.19%
(DBN)

Home sales plunge 21 percent as housing market continues to struggle
(DBN)

Home sales stick near recent lows in August, but prices continue to climb NAR: Existing-Home Sales Decreased to 4.04 million SAAR in August; Median Prices Increased 3.9% YoY in August
(DBN)

Realtor.com Reports Weekly Active Inventory Down 4.4% YoY; New Listings Down 6.0% YoY
(DBN)

The housing market's post-pandemic sales rebound has been wiped out by high mortgage rates
(DBN)

We left Florida because our homeowners insurance ballooned to $12,000. We walked away from everything we knew so our kids could have a future.
(DBN)

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Municipalities:

San Francisco struggles to regain ground post-pandemic
(DBN)

Puerto Rico Is Being Far Too Generous With Rich Investors
(DBN)

Puerto Rico investor group scores victory over investment funds
(DBN)

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Oil/Gas:

Hedge Fund Boss Who Shorted Oil Stocks Says Strategy Blew Up
(DBN)

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Student Debt:

Some student loan borrowers have extra time before payments restart. Here’s why
(DBN)

Student-loan borrowers eligible for debt cancellation might be 'forced back into repayment' anyway because of their servicer's poor customer service, 6 Democratic senators say
(DBN)

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Fraud:

Florida nurse practitioner convicted in $200 million Medicare fraud scheme
(DBN)

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Climate:

Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here’s how.
(DBN)

The true cost of extreme weather
(DBN)

Texas farmers are getting hammered by volatile weather events, making it harder for many to make a living
(DBN)

Canada's awful summer gives way to a burning fall
(DBN)

In a shift, fossil fuels take center stage at UN Climate Summit
(DBN)

Mississippi River so low you can walk to Tower Rock...
(DBN)

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Fitness:

Planet Fitness stock nosedives 15% as board fires longtime CEO Chris Rondeau in shock move Planet Fitness's long-time CEO says he was 'blindsided' by abrupt firing that sent gym's stock plummeting — and barred him from talking to staff
(DBN)

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Politics:

Top General Says Trump Told Him to Ban Wounded Vet From Events: ‘No One Wants to See That’
(DBN)

Who are the Americans who support secession?
(DBN)

The states of statewide gerrymandering in 2023
(DBN)

McCarthy says hard-right Republicans ‘want to burn whole place down’
(DBN)

"Not even in the ballpark": Judge dismisses three "obviously unqualified" Kari Lake witnesses
(DBN)

A third party signed up 15,000 voters in Arizona. Democrats worry that’s enough for a Biden spoiler The biggest donor group in Democratic politics privately moves against No Labels
(DBN)

CNN Poll: Biden leads Trump in potential New Hampshire rematch, though dissatisfaction with both remains high
(DBN)

Durbin, No. 2 Senate Democrat, disagrees with change to dress code: ‘We need to have standards’ JD Vance uses Zelensky’s casual attire to highlight debate on Senate dress code Now Dems are saying "nay" to Senate's relaxed dress code
(DBN)

Ramaswamy sparks furor with comments on race
(DBN)

DeSantis influence nosedives in Florida: 'Waiting for him to drop out'
(DBN)

Trump Lashes Out at ‘Very Stupid, Awkward, and Highly Overrated Globalist’ Charles Koch
(DBN)

Trump team changes obscure GOP rules in hopes of clinching presidential nomination early
(DBN)

Nikki Haley ramps up criticism of 'thin-skinned' and 'easily distracted' Trump
(DBN)

Project Veritas Suspends All Operations Amid Devastating Layoffs and Fundraising Struggles
(DBN)

Rep. Lauren Boebert rents an apartment from an executive for Koch-backed group
(DBN)

Proposed North Carolina Budget Would Exempt Legislators From Public Records Disclosures
(DBN)

Extremists have turned Texas into a hotbed for hate, report finds
(DBN)

David McCormick Says He Lives in Pennsylvania. Flight Records Appear to Tell a Different Story
(DBN)

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Personal Finance:

A 20-year-old 'stay-at-home daughter' says 'girl math' means her $2,900 Cartier earrings are basically free
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Discharge:

When Does an Alter Ego Suit Alleging Debtor and Non-Debtor Are “One and the Same” Violate the Discharge Injunction?
(DBN)

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Subchapter V:

Subchapter V Debtor’s Exclusive Right To File A Plan: Not A Super-Power
(DBN)

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Aviation:

Financial Turbulence: North Carolina Airline Files for Bankruptcy
(DBN)

Go First says airline's revival could be derailed by lessors' demands Go First sounds alarm over lessors' demand for maintenance records
(DBN)

India's struggling carrier Akasa blames regulator 'inaction' as pilots quit
(DBN)

Airlines Are Just Banks Now
(DBN)

Airport lounges are getting nicer than ever, but harder to access
(DBN)

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Media:

Rupert Murdoch steps down as chairman of Fox and News Corp. The Rupert Murdoch Retirement Myth Murdoch gives way to a new world order in media
(DBN)

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Rail:

First private US passenger rail line in 100 years is about to link Miami and Orlando at high speed
(DBN)

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Healthcare:

Mercy Foundation asks court to clarify its role in bankruptcy
(DBN)

Medical staffing co. says "surprise billing" ban hastened bankruptcy
(DBN)

Biden Administration Eyes Banning Medical Debt in Credit Reports
(DBN)

Private Equity Firm Sued by FTC Over Anesthesiology Buyouts
(DBN)

Half a million people, including kids, mistakenly dropped from Medicaid
(DBN)

DeSantis delivered Covid booster warning as Florida led the nation in hospitalizations
(DBN)

Paxlovid Is Now Less Effective Against Covid, Study Shows
(DBN)

US Supply Shortages Create Adverse Health Impacts for Millions
(DBN)

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Tech:

Microsoft, Google rebuild their worlds around AI
(DBN)

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Coal:

Michael Bloomberg Is Throwing $500 Million at Efforts to Shut Down All U.S. Coal Plants
(DBN)

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Crypto:

FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
(DBN)

Sam Bankman-Fried Ordered To Stay In Jail Ahead Of Trial By Appeals Court
(DBN)

Bankman-Fried's expert witnesses rejected by judge
(DBN)

Silver Point, Diameter Scoop Up Cheap FTX Bankruptcy Claims in Lehman Redux Crypto’s Lehman moment: Investors buy $250M of FTX claims — Report
(DBN)

Bitmain injects $54m into bankrupt Bitcoin miner Core Scientific
(DBN)

Disgraced FTX founder Sam Bankman-Fried's father is linked to 'dark money' network that poured billions into liberal causes
(DBN)

Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
(DBN)

Mt. Gox Bitcoin repayment: The day that never comes Mt. Gox creditors given 1 more year to submit payment information
(DBN)

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Pharma:

Mallinckrodt starts examinership process in Ireland after filing for Chapter 11 bankruptcy
(DBN)


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UK:

Derbyshire County Council is latest facing funding crisis as it approves measures to cut £46 million budget gap
(DBN)

Medway Council bankruptcy ‘very likely’, report warns
(DBN)

Bank of England Focuses on Recession Risk as Inflation Recedes
(DBN)

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Canada:

As 'perfect storm' pushes more to the brink, here's what to know about bankruptcy
(DBN)

Canada’s $427 Billion Pension Roiled as Alberta Mulls Pullout
(DBN)

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Russia:

Ukraine leader Zelenskyy to meet with Biden, Congress as some Republicans sour on support Zelenskyy delivers upbeat message to US lawmakers on war progress as some Republican support softens Zelensky returning to a chillier, more chaotic Congress Greene flips Pentagon funding vote over Ukraine money with Zelensky in town McCarthy rejected Zelensky’s request to address Congress during visit Despite spending turmoil in Congress, Sullivan projects optimism on Ukraine aid Pompeo: Why it’s important to continue our support for Ukraine Zelensky's frosty welcome to D.C. US to Give Ukraine Another $325 Million
(DBN)

Inside a Ukrainian brigade’s battle ‘through hell’ to reclaim a village on the way to Bakhmut
(DBN)

Massive explosions hit Putin's Black Sea navy HQ
(DBN)

Ukraine breached Russia's fearsome defenses with vehicles for the first time, analysts say — a major milestone in its fightback
(DBN)

Former Treasury Secretary Larry Summers says Ukraine's needs are 'enormously expensive' for the US to finance - and frozen Russian assets should be used instead
(DBN)

Russia's economy is headed for stagnation as the path of monetary policy is being chosen 'very poorly,' economists say
(DBN)

The average amount of time it takes for a Russian mobilized soldier to die in Ukraine is 4 and a half months: report
(DBN)

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China:

Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks
(DBN)


China's attempts to boost markets and investor confidence have flopped
(DBN)

China’s economic troubles have left some cities so cash-strapped they’re resorting to bizarre fines, skipping bills, and slashing health coverage
(DBN)

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Venezuela:

11,000 cops storm Venezuela prison: Find zoo, casino, nightclub, pool, Bitcoin mining machines
(DBN)

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India:

Easier debt rules for large cos
(DBN)

IBC Revisions To Enhance Efficiency Of Resolution Process
(DBN)

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Germany:

Germany leads the way with proposed legislation regulating crypto-assets safekeeping that will provide insolvency protection
(DBN)

German housing prices show sharpest drop since 2000 y/y
(DBN)

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