April 11, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firm Hosts Therapy Dogs To Provide 'Fun, Memorable' Office Experience
(DBN)

David Boies can’t ignore clients’ liability releases by ‘simply invoking’ name ‘Epstein,’ sanctions bid says
(DBN)

Boosted by Restructuring and Lit Practices, Brown Rudnick Sees 6% Revenue Gain
(DBN)

Former Schnader Harrison partner sued for alleged secret videos
(DBN)

At 18%, Law Firm Associate Attrition Rate Continues Two-Year Decline
(DBN)

Lawyers, Judges, Please Let The 'I Went To Law School Because I'm Bad At Math' Joke Die Its Long-Overdue Death
(DBN)

How a Case Against Fox News Tore Apart a Media-Fighting Law Firm
(DBN)

Accused of fraud, Gustavus Adolphus professor to remain jailed after calling for U.S. Attorney Andrew Luger's execution
(DBN)

Elon Musk’s go-to lawyer is facing possible sanctions over his behavior in the Tesla CEO’s deposition ‘Sense of entitlement’ led BigLaw partner to ‘brazenly’ appear at deposition and act ‘obnoxious,’ sanctions bid says Lawyer calls for sanctions against Elon Musk's attorney after 'unprofessional' deposition
(DBN)

Law Schools Are Bringing Out Big Names As 2024 Graduation Speakers
(DBN)

U.S. News Rankings Continue Slide Into Bonkerstown The 2024 U.S. News Rankings: Holding Steady Law School Held Back In U.S. News Rankings Just Because No One Thinks It's Actually A Good Law School 2024-25 U.S. News Business/Corporate Law Rankings 2024-25 U.S. News Tax Rankings
(DBN)

Dean Of Law School That Saw Worst Drop In Rank Has Choice Words About U.S. News Law School Ranking
(DBN)

Ben Crump signs 7-figure deal to write fiction novel of Black civil rights attorney
(DBN)

In New York, top federal prosecutor Damian Williams preaches speedy justice
(DBN)

Trump Openly Complains About Being Thrown in Jail in Unhinged Rant Against Court Cases
(DBN)

Trump Makes His Third Try This Week to Delay Manhattan Trial In Trump’s Criminal Trial, These Are the Jurors Each Side Wants Trump fails in latest bid to delay hush-money criminal trial Trump faces do-or-die moment with hush money trial
(DBN)

Trump seeks new E. Jean Carroll trial based on 'deeply harmful' rulings by the judge
(DBN)

Rudy Giuliani deposition in bankruptcy case could happen in a matter of days Giuliani to Sit for Deposition Amid Accusations of Hiding Assets
(DBN)

Michael Avenatti Takes Break From Serving Time In Federal Prison To Talk Trash About The Hush Money Case Against Donald Trump Donald Trump Thanks Ex-Stormy Daniels Lawyer
(DBN)

Billionaire who helped Trump with $175M bond says he 'probably didn't charge enough'
(DBN)

Some Jan. 6 rioters win early release, even before key Supreme Court ruling
(DBN)

Former exec Weisselberg sentenced to five months for perjury AG wants court-appointed monitor to probe Allen Weisselberg's civil fraud trial perjury
(DBN)

Charted: Trump world allies sentenced to prison
(DBN)

Biden plans order to limit southern border crossings by end of month Iowa governor signs ‘illegal reentry’ migrant bill into law Iowa governor signs bill that lets state arrest and deport some migrants
(DBN)

Judge blocks Florida from enforcing pronoun law against transgender teacher
(DBN)

FBI warns China hackers ready to 'wreak havoc' in USA
(DBN)

‘Goon squad’ members sentenced for state charges in torture of Black men in Mississippi
(DBN)

Idaho 18-year-old accused of terrorism plot against churches
(DBN)

Former Rikers Employees Are Charged With Smuggling in Contraband
(DBN)

Football mom sues after son's teammates allegedly stuff peanuts in uniform despite allergy
(DBN)

Driver runs over disabled man repeatedly, hits him with brick more than 20 times: Cop
(DBN)

Shooting of Virginia teacher by 6-year-old was an ‘avoidable event,’ special grand jury report says Asst. principal charged after child shot teacher
(DBN)

Arrest warrants issued for Kansas City Chiefs receiver Rashee Rice and another man in connection with 6-car crash in Dallas
(DBN)

Biden Says He’s ‘Considering’ Request to Drop Julian Assange’s Prosecution
(DBN)

Justice Department publishes rule to close ‘gun show loophole’
(DBN)

FBI director concerned about lone wolf attack
(DBN)

Mother who pushed kids from moving car, killed partner was astrology influencer disturbed by eclipse
(DBN)

'Forced Motherhood': Honduras Reported To UN For Abortion Ban
(DBN)

A man paid just $200.57 for one night at a famous NYC hotel, then lived there rent-free for years. Now he could go to jail.
(DBN)

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Judges:

Senate Leaders Look to Curb ‘Judge Shopping’ But In Different Ways
(DBN)

District Court Judges Are Striking Down Nationwide Policies With 'Unprecedented Frequency'
(DBN)

Senate Democrats ‘baffled’ by calls for Sotomayor to step aside
(DBN)

Justice Neil Gorsuch is not pleased with judges setting nationwide policy. But how common is it?
(DBN)

Judge Cannon Is SO MAD YOU GUYS That The Prosecutor Is Making Her Follow The Law Mar-a-Lago judge begrudgingly reverses herself on keeping government witnesses secret
(DBN)

Access To Court Records Should Be Free For Everyone
(DBN)

Judge faces suspension after his outward support of cops undermines impartiality
(DBN)

US judicial panel proposes greater amicus brief financial disclosures
(DBN)

First Muslim American appellate court nominee faces uphill battle to salvage nomination
(DBN)

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Wall Street:

Stock futures fall as traders brace for another inflation report
(DBN)

Dow plunges 470 points as US stocks tumble on hot inflation report Traders See Fed Waiting Until After Summer to Cut as Yields Soar
(DBN)

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Layoffs:

Novartis to cut 680 jobs in product development
(DBN)

McKinsey Starts Cutting Hundreds of Jobs as Client Demand Slows
(DBN)

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Climate:

European court ruling on climate may affect pending cases, including in U.S.
(DBN)

Ocean Heat Has Shattered Records for More Than a Year. What’s Happening?
(DBN)

Extreme temperatures are tied to more than half a million stroke deaths a year. With climate change, expect more
(DBN)

The Flooding Will Come “No Matter What”
(DBN)

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Food/Beverage:

Lunchables found to contain relatively high lead levels
(DBN)

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Coal:

Key Bridge collapse will reduce monthly U.S. coal exports by one third: EIA
(DBN)

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Healthcare:

Small practices left vulnerable after Change Healthcare cyberattack, with some considering bankruptcy
(DBN)

Worrying figures show STD rates skyrocket among Americans 55 and older
(DBN)

Youth Gender Medications Limited in England, Part of Big Shift in Europe
(DBN)

Teen Psychosis Risk May Be Linked to Computer and Video Game Use
(DBN)

Home healthcare for elderly sees largest price increase ever
(DBN)

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Autos:

BofA slashes Tesla's stock price target, says weak demand will hurt unless the company cuts prices more
(DBN)

Henrik Fisker’s Second Company Is at Risk of Imploding
(DBN)

People in Mississippi Can't Pay for Their Cars
(DBN)

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Crypto:

Bankrupt Voyager secures $484M for creditor repayments
(DBN)

A third of consumers see bitcoin plunging at least 70% this year even as the token hits record highs, Deutsche Bank survey says
(DBN)

Great unknown: How much energy crypto mining uses
(DBN)

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Fraud:

Real estate tycoon sentenced to death in $12 billion fraud case
(DBN)

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Economy:

Consumer prices rose 3.5% from a year ago in March, more than expected Hot Inflation Report Derails Case for Fed’s June Rate Cut Consumers feel pinch as inflation remains elevated for third straight month Stubborn inflation rains on Biden's good-news parade Inflation keeps coming in hot, likely delaying interest rate cuts Larry Summers Says CPI Raises Chances That Fed’s Next Move Is to Hike The ‘supercore’ inflation measure shows Fed may have a real problem on its hands YoY Measures of Inflation: Services, Goods and Shelter High interest rates, rising inflation: The economy still isn’t normal
(DBN)

Why the Fed is in no rush to cut rates: The ‘real danger’ is moving too fast, economist says
(DBN)

‘Serious possibility’ that Fed’s next rate move is a hike, warns Larry Summers
(DBN)

The topsy turvy economy just found a new set of boosters—CEOs. Some 87% are confident in the U.S.’s growth prospects, KPMG survey found
(DBN)

A Hot Economy May Be Cause for Caution
(DBN)

Fed likely to cut rates before ECB blinks, former BOE member says
(DBN)

Why beating inflation is turning out to be as hard as losing weight
(DBN)

Credit-card delinquency rates were worst on record in Fed study
(DBN)

States with the Most Collection Accounts
(DBN)

Wall Street wants answers from big banks about the economy
(DBN)

Is the Boom-and-Bust Business Cycle Dead?
(DBN)

JPMorgan CEO warns interest rates could rise to 8 percent ‘or even more’
(DBN)

Why the Fed needs to cut interest rates to lower inflation, according to a JPMorgan strategist
(DBN)

JPMorgan drops its recession call for the first half and now sees a 55% chance of a soft landing for the global economy
(DBN)

The job market looks rock-solid, but there are 4 signs it's weakening as labor trends mirror past recessions
(DBN)

Tradwives, stay-at-home girlfriends and the dream of feminine leisure
(DBN)

Why So Many Women Are Waiting Longer to Have Kids
(DBN)

Mark Cuban says there is one thing that he wishes Americans understood better about the economy in an election year
(DBN)

Bridge Collapse Threatens Maryland Transit Agency’s Credit Rating
(DBN)

What Costco’s Gold Bar Bonanza Tells Us About the Economy
(DBN)

US workers increasingly more detached from their employers: Gallup
(DBN)

California orders state workers back to office
(DBN)

Research: You Might Get Passed Over For a Raise If You WFH, Especially If You’re a Man
(DBN)

Minneapolis To Reconsider Wage Hike for Uber and Lyft Drivers After Companies Threaten To Leave
(DBN)

The Tax Revolt Returns
(DBN)

Population Projections: The World’s 6 Largest Countries in 2075
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Southern District of New York rules that “time” approach applies to calculating landlord’s lease termination claim in bankruptcy cases
(DBN)

Part 1: Current State of the Housing Market; Overview for mid-April 2024
(DBN)

Landlords are using a popular software tool to jack up your rent
(DBN)

Sorry, Home Sellers: The 6% Commission Isn’t Going Anywhere
(DBN)

The Real Estate Nightmare Unfolding in Downtown St. Louis - WSJ
(DBN)

Manhattan Apartment Rents Drop in Sign of Market’s Stability
(DBN)

A graffiti ‘takeover’ roils downtown Los Angeles
(DBN)

The Hidden Costs of Homeownership Are Skyrocketing - WSJ
(DBN)

Upscale Westside L.A. neighborhoods hit very hard by State Farm home insurance cancellations
(DBN)

Jacksonville: Ruling on bankruptcy for Berkman II property owner delayed
(DBN)

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Municipalities:

S&P upgrades Detroit's GO debt to investment grade
(DBN)

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Oil/Gas:

Volkswagen electric car sales plunge as Europe returns to petrol
(DBN)

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Politics:

‘Catastrophic,’ ‘a shock’: Arizona’s abortion ruling threatens to upend 2024 races Trump says Arizona went too far with abortion law: ‘That will be straightened out’ Shouts of 'Shame! Shame!' erupt in Arizona House as fight over abortion ban engulfs lawmakers Arizona Republicans Push Off Vote to Repeal Abortion Ban Arizona Republicans Thwart Attempts to Repeal 1864 Abortion Ban Arizona governor slams GOP lawmakers who criticized new abortion ruling Trump quickly learns 'state's rights' isn't an easy answer thanks to Arizona abortion ruling Arizona ruling on abortion roils Senate race The History Behind Arizona’s 160-Year-Old Abortion Ban How the Pro-Life Movement’s Deal With Trump Made America More Pro-Choice Fallout from Arizona abortion ruling just beginning Trump, GOP scramble to contain abortion ‘earthquake’ How Biden’s campaign plans to pummel Trump on abortion
(DBN)

Why anti-abortion advocates are reviving a 19th century sexual purity law
(DBN)

FactCheck: “Support for Roe is higher today in America than it has ever been."
(DBN)

Trump says he wouldn't sign national abortion ban
(DBN)

California’s Planned Parenthood president isn’t buying what Trump says about abortion
(DBN)

Bankruptcy documents detail how GOP NC governor nominee Mark Robinson failed to file federal income taxes for 5 years
(DBN)

RNC under Lara Trump spreads ‘massive fraud’ claims about 2020 election
(DBN)

A California candidate will be on the ballot twice in November. What if he wins both races?
(DBN)

Joe Biden is Now Beating Donald Trump in the Majority of Polls Clear Favorite in Online Betting
(DBN)

Democrats nervous Trump wooing centrists from Biden
(DBN)

Republicans panic about post-Mike Johnson meltdown Greene, Johnson to meet amid ouster threat
(DBN)

McCarthy says he’s not Speaker because ‘one person’ in Congress wanted to avoid ethics complaint
(DBN)

Greene leaves Johnson meeting with no deal to avert ouster threat Trump looms over fight to oust Johnson
(DBN)

Johnson tries to save spying law after Trump called to "kill" it Families of 9/11 victims urge Congress to pass FISA bill Surveillance bill implodes amid Republican infighting in latest blow to Johnson After Trump Broadside, Surveillance Bill Collapses in the House GOP rages over FISA as deadline inches closer Group of Republicans blocks FISA bill with spy powers deadline looming These 19 Republicans voted to block the spy powers bill Bill Barr blasts Trump for call to kill FISA: ‘Crazy and reckless’
(DBN)

Dolores Huerta, big supporter of RFK's '68 run, decries RFK Jr's '24 bid
(DBN)

Trump Allies Have a Plan to Hurt Biden’s Chances: Elevate Outsider Candidates
(DBN)

New poll measures Taylor Swift's political clout
(DBN)

GOP leaders pursue lawsuits over 2024 election rules – including attacking methods of voting they want supporters to use
(DBN)

Former CIA chief: Trump ‘was not qualified at the time and he is not qualified today’
(DBN)

Trump appointees barred EPA staff from warning Senate about ‘forever chemical’ loophole: Internal staff messages
(DBN)

Vulnerable Senate Democrats in vise on Mayorkas impeachment vote GOP tries to make Dems pay for Mayorkas votes
(DBN)

Judge tosses Miami’s voting map over racial gerrymandering
(DBN)

Voters in many countries skeptical of democracy, poll shows
(DBN)

____________

Mail:

U.S. Postal Service Proposes Raising Stamp Prices Again
(DBN)

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Banking:

FDIC Chief Says US Ready If Big Wall Street Bank Ever Failed
(DBN)

One Year After SVB’s Collapse, California Banks Are Back in the Spotlight
(DBN)

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Footwear:

Allbirds threatened with delisting Trendy sneaker company receives a dire Nasdaq warning
(DBN)

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Radio:

Audacy Asks Bankruptcy Court To Extend ‘Removal Deadline’ For Pending Civil Actions.
(DBN)

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Sports:

NBA, NHL ‘deeply concerned’ with Diamond Sports bankruptcy extension
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Corporate Bankruptcies Surged in March: Here’s Where the Activity Was
(DBN)

US corporate bankruptcies pick up pace in March; 59 new filings
(DBN)

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Litigation Funding:

As Litigation Funders Skirt Sanctions, It’s Time for Disclosure
(DBN)

Litigation Funders Set to Prosper in Proposed NY Rule Change
(DBN)

Quinn Emanuel Inks $40 Million Deal to Fund Private Equity Suits
(DBN)

____________

Mass Torts:

Stand Against J&J’s Abuse of Bankruptcy: An Open Letter to the Legal Community
(DBN)

____________

Cannabis:

Bankruptcy Appellate Panel Blocks Cannabis Employee’s Chapter 13 Relief but Rejects Bright-Line Bar of Eligibility to be a Debtor in a Federal Bankruptcy Case
(DBN)

9 facts about Americans and marijuana
(DBN)

____________

Exemptions:

A couple filed for bankruptcy, never thinking they could wind up homeless. Then, the state supreme court ruled their RV does not count as a home.
(DBN)

____________

Aviation:

Boeing Crisis of Confidence Deepens With 787 Now Under Scrutiny
(DBN)

New York City Airports Are No Longer the Worst in the US
(DBN)

Lufthansa Reaches Wage Accord with Cabin Crew, Averting Strikes
(DBN)

An Alaska Airlines passenger has watched his lost AirTag fly between 37 cities for months after it fell out of his bag
(DBN)

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Retailing:

Department stores face another squeeze. This time, with store credit card revenue
(DBN)

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Student Debt:

MOHELA can’t escape the student loan spotlight
(DBN)

Student-loan borrowers faced 3.9 million billing errors after entering repayment, a new report from 4 Democratic lawmakers says
(DBN)

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Movie Theaters:

AMC CEO Adam Aron says ‘it’s inconceivable’ that the movie theater chain would file for Chapter 11
(DBN)

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Coal:

Coal power grew in 2023 driven by China’s expansion and a slowdown of US plant closures
(DBN)

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Art:

A German art museum fired an employee for secretly hanging up one of his own paintings
(DBN)

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Nursing Homes:

Feds pull Medicaid funding from Fort Worth nursing home. What’s next for its residents?
(DBN)

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Education:

Syracuse University to monitor 2U’s ongoing financial issues
(DBN)

UC Berkeley Dean Who Defends Free Speech Laments Antisemitic Attack Anti-Israel Agitators Derail Dinner At Home Of UC Berkeley Law Dean Erwin Chemerinsky
(DBN)

ADL gives Harvard and a dozen other universities failing grades on campus antisemitism
(DBN)

____________

Tech:

Elon Musk confirms that he used a secret account on X where he pretended to be a child
(DBN)

OpenAI and Meta are on the verge of releasing AI models capable of reasoning like humans, report says
(DBN)

The Worst Part of a Wall Street Career May Be Coming to an End
(DBN)

Get Tech Out of the Classroom Before It’s Too Late
(DBN)

Trump Media plunges as volatile trading sends social media firm's market value below $5 billion Who Is Buying DJT Stock? It’s a Mystery.
(DBN)

____________

UK:

Thames Water bondholder warns creditor losses will deter investment in UK
(DBN)

Zig Zag, UK Producer Behind ‘I Wanna Marry Harry’ & ‘Danny Dyer’s Deadliest Men,’ Declared Insolvent
(DBN)

Scotland’s hate speech law ignites culture war far outside its borders
(DBN)

____________

MENA:

Hamas says it does not have 40 Israeli hostages to trade in cease-fire deal
(DBN)

Biden Says He’s Watching Netanyahu After Their ‘Blunt’ Talk Walls close in on Netanyahu over Rafah invasion
(DBN)

Few Signs of Progress on Aid to Gaza, Despite Israeli Pledges
(DBN)

6 months into war, Palestinians face high unemployment and a 'disastrous' economy
(DBN)

Nuclear deal in tatters, Iran edges close to weapons capability
(DBN)

The Mystery Hit List in the Showdown Between Israel and Iran US Sees Missile Strike on Israel By Iran, Proxies as Imminent Middle East on a knife-edge as Tehran 'closes airspace for military drills'
(DBN)

____________

Russia:

Ukraine Moves on Mobilization as Troop Numbers Raise Alarm
(DBN)

McConnell: Failure to pass Ukraine aid ‘strategic and moral malpractice’
(DBN)

Ukraine will be outgunned by Russia 10 to 1 in weeks without US help, top Europe general says
(DBN)

All the deadly drones Ukraine is building to fight Russia can't make up for the weapons it really needs but doesn't have, Zelenskyy says
(DBN)

Russia Targets Ukraine Power System With Ballistic Missiles Ukraine Says Russia Destroyed Kyiv Region’s Largest Power Plant
(DBN)

____________

Germany:

Germany's last department store chain is to get new owners after its latest insolvency New owners of bankrupt German retailer Galeria to keep 70 stores open
(DBN)

German Corporate Distress Rises as Economy Faces Slower Growth
(DBN)

German builders demand billions in subsidies to stem housing crisis
(DBN)

____________

France:

How Patrick Drahi can clamber out of his debt hole
(DBN)

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China:

Challenges posed by bankruptcy proceedings to arbitration
(DBN)

Ping An Insurance’s Delayed Trust Repayment Shows Lingering Property Woes
(DBN)

China Consumer Price Gains Fade With Industry Stuck in Deflation
(DBN)

Chinese Economy Dealt a Blow As Outlook Sours
(DBN)

Goldman Boosts China Growth Outlook on Manufacturing Strength
(DBN)

China’s commercial property segment is seeing some bright spots amid a slump in the wider realty sector
(DBN)

____________

Japan:

Tokyo Office Vacancies Hit Three-Year Low, Bucking Global Slump
(DBN)

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Australia:

Retailers join builders in insolvency firestorm
(DBN)

____________

India:

At 269, Insolvency and Bankruptcy Code resolutions hit record
(DBN)

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