April 10, 2024

The Daily Bankruptcy News

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Law:

Hurricane law firm, mired in fraud allegations, files for bankruptcy
(DBN)

Do Biglaw's Long Hours Need A 'Trigger Warning'? After The Death Of A Partner, This Lawyer Says Yes Law chief advises firms to give lawyers workload ‘trigger warnings'
(DBN)

Lawyers prioritize work-life balance over partnership goals
(DBN)

2 lawyers and client die in law office shooting; 1 attorney was alleged gunman
(DBN)

Legal leaders must make themselves redundant, veteran CEO says
(DBN)

Lawyers should disclose AI use: NY bar
(DBN)

Wisconsin bar redefines ‘diversity’ to settle challenge to clerkship program; both sides claim success
(DBN)

Lewis Brisbois Enhances Business Litigation, Bankruptcy Capabilities in Delaware with New Partner Hire
(DBN)

Shake-up in US News’ 2024 law school rankings Does Anyone Even Care About The U.S. News Law School Rankings Anymore?
(DBN)

Musk Lawyer Spiro Faces Sanctions Bid Over Deposition Conduct Is Elon Musk About To Get Quinn Emanuel Sanctioned?
(DBN)

Lawyer, court clerk sentenced to prison terms for bribery scheme
(DBN)

Elite New York Law Firms Outperformed Market, as Firms Invested in Both Equity, Nonequity Tiers
(DBN)

Girardi, Eastman Loom in California Bar Critic’s Discipline Case
(DBN)

Akin Welcomes Financial Restructuring Partner Avi Luft in New York
(DBN)

Quinn, Davidoff Face Fight Over $45 Million Hamptons House Sale
(DBN)

Lifestyles Of The Rich, Famous And Convicted
(DBN)

Being a psychopath helped me excel as a lawyer and not care about gender roles. Non-psychopaths can learn 2 things from me.
(DBN)

Trump loses bid to delay hush money trial while he fights gag order What to know about Trump’s New York charges—and any potential sentence Trump hush money trial stems from 'zombie case' brought back to life Trump attorneys trolled after they subpoena wrong Jeremy Rosenberg for hush money trial: ‘I’m keeping the $15’
(DBN)

RFK Jr. says Jan. 6 special counsel would ‘restore peace’
(DBN)

Judge Cannon agrees to redact witness names in Trump classified docs case Mar-a-Lago judge begrudgingly reverses herself on keeping government witnesses secret
(DBN)

‘Whose house?' Congress’ house, appeals court rules, rejecting Jan. 6 defendant’s challenge Jan. 6 defendant asks Supreme Court to throw out obstruction charge
(DBN)

Have Trump’s lawyers violated their professional oaths?
(DBN)

Giving Trump sweeping immunity would bring 'chaos,' former US generals, admirals, and military service leaders say Ex-Trump White House lawyer part of brief arguing against Trump's immunity Special Counsel Ask SCOTUS To Quit Sitting On Trump's Stupid Immunity Claim
(DBN)

Former Trump CFO faces perjury sentencing
(DBN)

Woman sentenced in theft of Ashley Biden's diary Woman sentenced in theft of Ashley Biden's diary 22 minutes ago
(DBN)

Parents of Michigan school shooter receive historic sentences of 10 to 15 years
(DBN)

Arizona Supreme Court ruling effectively bans abortion Law That Predates Women's Right To Vote Criminalizes Abortion Arizona's abortion ban from 1864 — which would jail doctors for years — reinstated Lake, Gallego say they oppose Arizona abortion decision Former GOP governor says Arizona abortion ruling not ‘preferred’ outcome Arizona abortion ruling roils election Biden allies tie Arizona abortion ruling to Trump: ‘This is what leaving it to the states looks like’ Arizona governor rips GOP hypocrisy after state Supreme Court upholds abortion ban Arizona’s ban spotlights the fraudulence of Trump’s “moderation” on abortion
(DBN)

The Supreme Court will decide if states can ban lifesaving abortions
(DBN)

Amanda Knox faces a new slander trial in Italy
(DBN)

Librarians fear new penalties, even prison, as activists challenge books
(DBN)

Attempted bombing of Satanic Temple in Salem condemned as terrorist attack
(DBN)

A thief stole his identity, but nobody believed him. He spent nearly 2 years locked up
(DBN)

Crime concerns grow as members of a violent Venezuelan gang arrive in American cities
(DBN)

Foreign terrorists targeting US 'concerning': FBI
(DBN)

Biden exploring if he has "power" to shut down border unilaterally
(DBN)

Louisiana proposes bill similar to Texas’ migrant arrest law
(DBN)

Prince Harry's Visa Application Handed Over To Judge
(DBN)

96 Shots in 41 Seconds for Failure to Use Seatbelt
(DBN)

Ohio police release body camera video of officer shooting 15-year-old boy who had toy gun
(DBN)

Triple-murder trial of Chad Daybell begins with claims about zombies and doomsday plot
(DBN)

Exorcist mom who killed child claimed to speak to God, prosecutor says
(DBN)

Man fatally assaults pedestrian, 73, who tapped on hood of his car in crosswalk: Cops
(DBN)

Kyle Rittenhouse’s ex-buddy: He’s in ‘extremely dangerous territory’ in shooting lawsuit
(DBN)

Bags with antisemitic flyers and what may be rat poison placed in Chicago
(DBN)

Bipartisan group of lawmakers to introduce bill targeting antisemitism
(DBN)

Kansas City Chiefs superfan 'ChiefsAholic' ordered to pay $10.8 million to bank teller
(DBN)

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Judges:

These are the state Supreme Court races to watch ahead of November
(DBN)

A conservative appeals court in the South seems to be exasperating the Supreme Court
(DBN)

The Fidelity of ‘Originalist’ Justices Is About to Be Tested
(DBN)

Chief Judge Sought to Move New Appointee Out of Texas Federal Courthouse
(DBN)

‘Venue is not a continental breakfast’ judge forced to eat his words after 5th Circuit blocks transfer
(DBN)

After man is sentenced for threat to kill chief justice, ABA president says threats risk ‘very fabric of our democracy’
(DBN)

What Sandra Day O’Connor’s papers reveal about a landmark decision, and why it could be overturned soon
(DBN)

Rules Panel Tracking Response to US Judge-Shopping Guidance
(DBN)

The Future of the Federal Judiciary Is on the Ballot This November, Too
(DBN)

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Wall Street:

Stock futures rise marginally as key March inflation report looms
(DBN)

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Layoffs:

Spotify employees question lavish spending on events while the company lays off thousands
(DBN)

Waymo will launch paid robotaxi service in Los Angeles on Wednesday
(DBN)

GM’s Cruise to Resume Testing Its Robotaxi Service in Phoenix
(DBN)

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Politics:

Trump-endorsed senate candidate claims nursing home residents shouldn’t be able to vote
(DBN)

The partisan gap in U.S. politics continues to center heavily on age
(DBN)

Senate Democrats to dismiss Mayorkas charges, skip full impeachment trial Romney: Mayorkas did not commit a high crime or misdemeanor
(DBN)

U.S. Latinos fear new mass deportations may target all Hispanics
(DBN)

Trump's Truth Social has already lost its stock shine
(DBN)

Trump revives his wish that immigrants came from rich White countries
(DBN)

Biden is building a behemoth of a campaign. Trump at this point seems to be playing catch-up.
(DBN)

Marjorie Taylor Greene ramps up threat to oust Mike Johnson Greene lays out list of grievances against Speaker Johnson amid ouster threat Marjorie Taylor Greene stirs GOP turmoil with Mike Johnson threats Ken Buck knocks ‘Moscow Marjorie’ Taylor Greene Senate GOP urges Johnson to stand up to ‘chaos caucus’ Illinois Democrat: Speaker Johnson ‘should not be punished for doing the right thing’ on Ukraine As Speaker, Johnson Advances What He Once Opposed, Enraging the Right
(DBN)

Biden's Gaza stance could cost him critical college votes in swing states
(DBN)

Dozens of Gaza protestors arrested in Senate office building
(DBN)

Pelosi on Trump abortion statement: ‘He either is stupid, or he thinks the rest of us are’ Schumer: ‘American people will see right through’ Trump’s abortion stance Trump says abortion should be up to states. Here’s where it’s banned — and where it’s protected Kari Lake Blasts Abortion Ban She Once Was ‘Thrilled’ About Arizona bombshell tests Trump's abortion gamble GOP suffers desert meltdown on abortion The Arizona Supreme Court just upended Trump’s gambit on abortion Republicans rush to distance from "disaster" Arizona abortion ruling Arizona GOP Denounces 1864 Abortion Ban Where abortion is on the ballot in November
(DBN)

RFK Jr. ballot consultant on Trump voters: Biden is our ‘mutual enemy’ RFK Jr. sounds like Trump as he courts MAGA voters
(DBN)

The Energy Department loan program that bankrolled Solyndra and Tesla has gotten a huge infusion under President Joe Biden. And it’s facing an uncertain future if Donald Trump wins
(DBN)

Colorado officials warn of new frontier in election denial as more Republicans refuse to certify vote totals
(DBN)

Conservative hoaxers to pay up to $1.25M under agreement with New York over 2020 robocall scheme
(DBN)

"Polarization is a choice, not a destiny"
(DBN)

Alabama secretary of state says Democratic convention too late to get Biden on ballot this fall
(DBN)

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Distressed Investing:

Hedge Funds Find It’s Hit First or Get Hurt in Distressed Fights
(DBN)

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Economy:

Economic uncertainty reigns as the grip of inflation persists
(DBN)

Fed’s Bostic Sees One Cut, But Leaves Door Open to Changing View
(DBN)

Bridgewater’s Prince Says US Rate-Cut Plans Are ‘Off Track’
(DBN)

With inflation stalling, the long-predicted storm clouds in the economy may actually be forming
(DBN)

Inflation Expectations are Mixed; Consumers Express Concerns about Retaining and Finding Jobs
(DBN)

JPMorgan, BlackRock Among BLS Economist’s CPI ‘Super Users’
(DBN)

CPI Preview
(DBN)

A key report Wednesday is expected to show little progress against inflation in the U.S.
(DBN)

The March inflation report is a make-or-break moment for the market's rate-cut forecasts
(DBN)

Interest rates could soar above 8%, Dimon warns The stock market is shrinking and Jamie Dimon is worried The Jamie Dimon manifesto
(DBN)

You can thank the baby boomers for the stunning strength of the US economy
(DBN)

The one big shift that turned America's retirement fairytale into a nightmare
(DBN)

Small business sentiment is the lowest in over a decade as inflation proves sticky
(DBN)

California McDonald’s franchisee mulls reducing hours, lifting prices to offset $20 minimum wage
(DBN)

Third channel to open at Baltimore port as recovery from bridge collapse continues
(DBN)

US foreign-born population grew 15 percent in 12 years
(DBN)

Amazon and Walmart warehouse employees are so surveilled that they're worried about breaking to use bathroom: Oxfam report
(DBN)

Do immigrants help or hurt the US economy? The answer might surprise you How immigration is helping the economy defy expectations
(DBN)

'On life support': Senate Republicans are prepared to sink the child tax credit bill
(DBN)

Texas Attorney General sues to stop guaranteed income program for Houston-area residents
(DBN)

The rich are getting second passports, citing risk of instability
(DBN)

Saving for retirement: Tracking the growth in IRA balances
(DBN)

Which States Have the Highest Minimum Wage in America?
(DBN)

7 facts about Americans and taxes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

An Update on the House Price Battle Royale: Low Inventory vs Affordability
(DBN)

Moody's: Retail Vacancy Rate Unchanged in Q1
(DBN)

If US Inflation Reflected Rising Home Insurance Costs, It'd Be Even Higher
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

Mortgage refinance demand surges even as rates cross back over 7%. Here’s why
(DBN)

Home prices are poised to jump another 5% this year as the market is even tighter than it was in 2023, economist says
(DBN)

Miami shows how a new kind of gentrification is coming to US cities
(DBN)

Washington DC’s Cash Bounty to Wither on Empty Offices, Downtown
(DBN)

US Weighs Ban on Charging Homebuyers for Lender Title Insurance
(DBN)

California Homebuyers See Huge Price Difference on House Types
(DBN)

People pay up to $2,700 a month to live with 27 roommates in a NYC townhouse — see inside
(DBN)

After 2 years of applying for the NYC housing lottery, she finally won her bid. Now she pays $1,000 in rent for her Manhattan apartment.
(DBN)

Map Shows US States With Highest, Lowest Rent
(DBN)

Ranked: The Most Valuable Housing Markets in America
(DBN)

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Municipalities:

S&P Cuts, Then Withdraws Dunkirk, NY Rating on Financial Risks
(DBN)

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Oil/Gas:

Enverus Says Peak Oil Won't Happen Before 2030 as EV Impacts Ebb
(DBN)

Top Oil Traders Are Getting More Bullish by the Day
(DBN)

Oil Holds Two-Day Loss as Report Points to Rising US Inventories
(DBN)

Oil Broker Charged With Rape to Pay $100 Fine in Plea Deal
(DBN)

US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets
(DBN)

West Virginia Bars Citi, HSBC From Banking Contracts Over Oil
(DBN)

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Tech:

Elon Musk admits he 'may have done more to financially impair' X than to help it Tesla's reign as EV king is fizzling, so Elon Musk has his sights set on a new goal — turning X back into Twitter Elon Musk’s Deposition in Defamation Case From Jewish Man He Falsely Labeled a Nazi Released — With Stunning Revelations Elon Musk may have a point in his fight against Brazil, but he's not actually helping Musk Meets His Match in Brazil’s Fake News-Fighting Top Court
(DBN)

Donald Trump crashes out of the Bloomberg rich list due to his meme stock nosediving Trump Media Co-Founders Win Right to Challenge Share Lockup
(DBN)

Hundreds of groups urge Big Tech CEOs to step up fight against AI-fueled lies
(DBN)

Anthropic says its AI models are as persuasive as humans
(DBN)

AI is repeating A-bomb's story, says EU tech overseer
(DBN)

Meta Leaders Say They’re Not Seeing AI Election Disinformation
(DBN)

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Climate:

Earth has its warmest March on record, beating 2023's milestone
(DBN)

Swiss women win landmark climate change ruling How 2,000 elderly Swiss women won a landmark climate case
(DBN)

European court rules nations must protect citizens from effects of climate change
(DBN)

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Utilities:

PREPA bondholders seek to exclude Puerto Rico government's arguments
(DBN)

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Religion:

Priest jailed after man collapsed from too many erectile drugs at cleric’s sex party
(DBN)

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Cannabis:

Almost No One Is Happy With Legal Weed
(DBN)

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Coal:

Baltimore Port Closure Means 35% Drop in April US Coal Exports
(DBN)

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Labor:

How a rare $14 billion Japanese takeover deal got caught in US politics
(DBN)

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Crypto:

Is the Sam Bankman-Fried Story Over? Will Sam Bankman-Fried Have A Second Act?
(DBN)

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Education:

Goddard College Announces Closure Facing ‘financial insolvency,’ Goddard College to close after 86 years
(DBN)

Former school admin charged after 6 year-old boy shot teacher
(DBN)

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Newspapers:

‘Santa Barbara News-Press’ Website Goes to ‘Local Kids’
(DBN)

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Sports:

NCAA Women Beat Men in Finals’ Ratings for First Time—but Got 99% Less TV Money
(DBN)

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Healthcare:

Bankruptcy protection denied hospital over $15 million discrepancy - San Benito Health Care District intends to appeal
(DBN)

Private equity in health care becomes a bigger Washington target
(DBN)

Evidence around youth gender care ‘remarkably weak’, says major English review
(DBN)

These are the 10 worst U.S. states to live in for your mental health, according to a new study
(DBN)

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Fraud:

Utah Ponzi scheme case envelops bank executive
(DBN)

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Defaults:

Default risk broadly ticks higher across most US sectors
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

“Bankruptcy Is Bad” = A Faulty Assumption For Mass Tort Cases (3M Combat Arms Earplugs Settlement)
(DBN)

North Carolina Judges Are Shaping ‘Two-Step’ Bankruptcy Future
(DBN)

Over 200 women, several men accuse doctor of abuse
(DBN)

Iowa Senate OKs bill helping Boy Scout sex abuse survivors recoup more money in settlement
(DBN)

Abuse survivors question bankruptcy move by Baltimore archdiocese
(DBN)

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Arbitration:

Cleary Gottlieb Discusses Refusal of Delaware Bankruptcy Judge to Order Arbitration
(DBN)

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D&O:

Bankruptcy Exclusion Precludes Defense Cost Coverage for Independent Director Sued in Adversary Proceeding
(DBN)

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Awards:

Jennifer Hagle Elected Chair of the Board of Regents of the American College of Bankruptcy
(DBN)

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Bankruptcy Crimes:

Man indicted in attempt to defraud 28 US federal bankruptcy courts out of $1.8M in unclaimed funds
(DBN)

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Valuation:

Bankruptcy’s Turn to Market Value
(DBN)

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Aviation:

A whistleblower claims that Boeing’s 787 Dreamliner is flawed. FAA is investigating Boeing whistleblower alleges structural flaws in 787, 777 jets Boeing Shares Fall After NYT Report on 787 Whistleblower Claims Boeing First-Quarter Jet Deliveries Dip to Lowest Since Mid-2021
(DBN)

Boeing orders bounce back on demand for a plane it can’t deliver yet
(DBN)

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Retailing:

Macy’s Sued for Threatening to Speed Up Debt Payment in Proxy Fight
(DBN)

Esprit brand affected by bankruptcy in Belgium
(DBN)

Unexpected closure of all the stores of this famous clothing brand: on the verge of bankruptcy
(DBN)

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Banking:

Texas Bank Aims to Escape Fate of Rivals Despite McKinsey Musings
(DBN)

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Autos:

Anything but Tesla: US shoppers want more EV options Tesla scrambles to avoid EV market "rabbit hole" as problems mount Tesla stock has plummeted. Will it recover?
(DBN)

BYD Got €3.4 Billion Chinese Aid to Dominate EVs, Study Says
(DBN)

BMW EV Sales Surge Even as Rivals Struggle With Weak Demand
(DBN)

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Rail:

Norfolk Southern reaches $600M settlement over East Palestine train derailment
(DBN)

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Student Debt:

Biden seizes on student debt relief amid worries about young voters Biden has forgiven billions in student loans. Voters may not have noticed.
(DBN)

7 more states sue over Biden student loan plan
(DBN)

Biden's latest student-loan forgiveness plan brings questions for borrowers: What to know
(DBN)

Biden makes another pitch for student loan relief, but challenges loom
(DBN)

Joe Biden's Latest Student Loan Relief Could Hurt First-Time Homebuyers
(DBN)

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Food/Beverage:

Americans Still Seeing Food Inflation at Restaurants, USDA Says
(DBN)

Guillermo’s declares bankruptcy as strategic decision
(DBN)

Huge Restaurant Chain Now Down To Just 27 Locations As Bankruptcy Looms
(DBN)

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Sovereigns:

Argentina’s La Rioja creditors gear up for battle on missed bond payment
(DBN)

IMF Faces Pressure to Cut Billions in Fees for Large Borrowers
(DBN)

Ukrainian debtholders plan to create a committee of creditors against the background of a possible debt restructuring.
(DBN)

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UK:

Bristol City Council faces bankruptcy over SEND reform roll-out
(DBN)

PKF Smith Cooper acquires insolvency company BLB Advisory
(DBN)

UK Environment Chief Rebuffed Thames Water Owners’ Plea for Help
(DBN)

Ex-Man United star Wes Brown - who earned £50,000-a-week as a player - speaks out for the first time since being declared bankrupt
(DBN)

Katie Price 'has been sent warning about not co-operating in paying back her £3.2million debt' after being declared bankrupt
(DBN)

More Than 7 Million Britons Still Struggle to Pay Bills, Finance Watchdog Says
(DBN)

Sunak Says He Won’t Let a ‘Foreign Court’ Block Deportations
(DBN)

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EU:

European Companies Cut Jobs as Economy Sputters
(DBN)

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Canada:

Canadian DNA lab knew its paternity tests identified the wrong dads, but it kept selling them
(DBN)

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Ireland:

A Different Kind of Property Crash Hits Dublin as Big Tech Cuts
(DBN)

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MENA:

Biden administration officials believe Netanyahu’s claim that Rafah invasion date has been set is bluster Netanyahu's defense minister contradicts him, tells U.S. Rafah invasion date not set Biden says Netanyahu is making a 'mistake' with his handling of the Israel-Hamas war
(DBN)

Austin: U.S. doesn't have "any evidence" of Israel committing genocide in Gaza
(DBN)

Israel ‘preparing to strike Iranian nuclear facilities’ amid tense wait for revenge attack and soaring WW3 fears Iran’s naval commander threatens Israel, talks up regional war
(DBN)

Gaza civilians sold me to Hamas, says former hostage
(DBN)

Blinken says Hamas should accept "serious" Gaza hostage and ceasefire deal
(DBN)

The reality of spending $500 billion to build a city in the desert is starting to hit home for Saudi officials
(DBN)

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Russia:

Ukraine nuclear plant status 'extremely serious'
(DBN)

US Sends Ukraine Iranian Weapons Captured From Houthi Militants
(DBN)

Donald Trump to 'greenlight' Putin's destruction of Ukraine, ex-CIA chief claims Zelenskyy bashes the idea Ukraine would cede land to Russia — the core of Trump's reported secret plan to end the war
(DBN)

Zelenskyy warns Russia has penetrated U.S. politics, invites Trump to Ukraine
(DBN)

Russia 'knew where we were going to attack,' Zelenskyy says in reflection on why Ukraine's big counteroffensive stumbled
(DBN)

US announces $138M in emergency military sales of Hawk missile systems support for Ukraine
(DBN)

Ukraine creating ‘unstoppable’ AI-powered super-drones
(DBN)

European court takes Russian billionaires off sanctions list Tycoon Fridman Wins EU Sanctions Appeal Over Alleged Putin Ties
(DBN)

Russian Oil Is Once Again Trading Far Above the G-7’s Price Cap Everywhere
(DBN)

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China:

Fitch Cuts China Outlook to Negative on Steady Rise in Debt
(DBN)

China Vanke Tumbles to Decade Low as Manager Probe Adds to Woes
(DBN)

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India:

India acts to speed up bankruptcy proceedings
(DBN)

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Japan:

8,881 companies face bankruptcy in Japan at end of FY2023
(DBN)

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France:

Billionaire Drahi Leaves Creditors Flummoxed With His ‘Bully-Boy’ Moves
(DBN)

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