April 12, 2024

The Daily Bankruptcy News

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Law:

Judge allows BigLaw partner’s suit alleging lawyer filed ‘highly inflammatory’ affidavit for use in negative news article
(DBN)

It’s a quick goodbye for many departing associates, new NALP Foundation report finds
(DBN)

Allen & Overy ridiculed by US firm O'Melveny after failed merger
(DBN)

A Sidley Partner on Personal Tragedy and Preparing for Fatherhood
(DBN)

As Partners Retire, Shifting Clients and Compensation Is Delicate
(DBN)

A Fight Over Names That Just Won't Seem To End
(DBN)

Sacks Weston's Creditors Remain Hostile to Firm's Chapter 11 Plan
(DBN)

He got a college degree in prison. Now he’s off to a prestigious law school
(DBN)

UK: Firm's accountants probed in suspected £25m fraud
(DBN)

Law dean Chemerinsky condemns ‘blatant antisemitism’ of caricature, confronts ‘rude’ protester with law prof wife Berkeley Law Student Holds Protest Inside Dean's Home... Which Is Not How The First Amendment Works For The Love Of God, Let's Not Normalize Calling The Cops On Peaceful Protestors A Tale Of Two Protests: UVA v. Berkeley Law
(DBN)

A third of lawyers admit to padding time sheets
(DBN)

The Client Service A-Team: Ranking The Biglaw Superheroes Of Client Service (2024)
(DBN)

Firm granted injunction against 'abusive' sacked lawyer
(DBN)

He'll Have Fun Fun Fun Till The Judge Takes His Hellcat Away
(DBN)

U.S. voters take Trump's hush money charges seriously: Poll The Surprising Strategy Trump Could Use to Win His Manhattan Trial 5 key questions as Trump’s first criminal trial begins Trump tests limits of gag order with post insulting 2 likely witnesses in criminal trial Fact-check guide to Donald Trump’s first criminal trial
(DBN)

‘Are you serious?’: Trump Jan. 6 trial judge shreds rioter who stormed Capitol with mom, rejects ‘hostage’ label at sentencing
(DBN)

DNC covered Biden legal bills in special counsel probe
(DBN)

Donald Trump Wishes Jack Smith Was More Like Bobby Knight For Some Bizarre Reason
(DBN)

Bar uses John Eastman's 'stunningly deficient' Gaetz, MTG 'conspiracy theory' against him
(DBN)

Jeffrey Toobin Got His Big Break on O.J. Simpson's Trial. He Says Trump’s Case Will Be a New Kind of Spectacle.
(DBN)

Trump Bond’s Cayman Connection ‘Stinks to High Heaven’
(DBN)

Big donation to Rudy Giuliani defense fund is target of new lawsuit alleging fraud by donor
(DBN)

Trump defends judge in classified documents case — again Jack Smith hammers Trump's valet co-defendant in fiery Mar-a-Lago brief about delays Walt Nauta's Unsealed FBI Interview Raises Questions
(DBN)

Prosecutor assigned to probe Georgia Lt. Gov. Burt Jones in Trump election interference case
(DBN)

Biden administration expands background checks for gun sales Legal Shield for the Gun Industry Is Starting to Crack
(DBN)

Biden dares the courts
(DBN)

Maine Republican blames mass shooting on law expanding abortion access
(DBN)

Nearly a quarter of K-12 teachers faced a gun lockdown last year
(DBN)

Shattered windows, slashed tires and GPS trackers: L.A. freeway heists shock jewelers
(DBN)

Latino support for border wall, deportations jumps
(DBN)

Senator Menendez, Wife’s Bribery Trial Will Be Split
(DBN)

Former Ohtani interpreter faces federal charge after allegedly stealing $16 million from baseball superstar Ohtani Interpreter: ‘I’m Terrible at This Sport Betting Thing’
(DBN)

Judge denies early release for infamous Slender Man stabber
(DBN)

‘I was at Ground Zero’: Cop’s son shot dead by off-duty officer outside of Chick-fil-A — and murder suspect just begged for ‘mercy’ in court
(DBN)

High School cosmetology teacher allegedly recruited students into prostitution
(DBN)

Prosecutor lauds 85-year-old mother who shot and killed robber with a .357 magnum
(DBN)

FBI concerned about possible coordinated attack in US after Russia massacre
(DBN)

Russian hackers steal agencies' emails as part of Microsoft hack
(DBN)

Alex Jones Vows To Sue FBI, CIA Over Targeting Allegations
(DBN)

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Judges:

Senate Democrats issue subpoena in Supreme Court ethics probe
(DBN)

Judge’s Potential Recusal Over Citi Stock Divides CFPB, Industry
(DBN)

Seventh Circuit Judge Discusses The Stunning Sexism She Faced At Her T14 Law School
(DBN)

With an eye on Amarillo courthouse, U.S. senators push to stop federal judge shopping
(DBN)

Republicans remade the judiciary. It’s haunting Donald Trump.
(DBN)

Federal Judge Announces... Unique Requirement For Clerkship Applicants
(DBN)

Democrats resist calls for Sotomayor to retire
(DBN)

Liberal Wisconsin Supreme Court justice says she won’t run again, setting up fight for control
(DBN)

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Wall Street:

US stock futures mainly lower ahead of big bank earnings
(DBN)

S&P 500 Is Heading for a Rough Patch as Buyback Blackouts Arrive
(DBN)

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Layoffs:

BASF May Cut all Jobs at Battery Materials Plant Over Red Tape
(DBN)

Ed-tech startup Scaler lays off 100-150 employees
(DBN)

Prima Wawona packing house in Cutler on the sales block, layoffs hit
(DBN)

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Defaults:

More Companies Are Defaulting Over and Over Again, S&P Says
(DBN)

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Hotels:

Milwaukee: Downtown Marriott files Chapter 11. It stays open while reorganizing, including public debt
(DBN)

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Autos:

Fisker battles bankruptcy
(DBN)

Rivian, Lucid Eye Record Lows as Ford Price Cut Fans EV Concerns
(DBN)

Driver in fatal Texas crash was using Ford’s auto driving system, officials say
(DBN)

Musk has two weeks to turn the ship around, says Tesla bull who is losing faith
(DBN)

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Climate:

"Two years left to save the world": Top UN climate official elevates the stakes
(DBN)

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Food/Beverage:

FDA head pushes for mandated lead testing by food manufacturers
(DBN)

Jacksonville judge sentences Latitude 360 founder for not paying millions in taxes
(DBN)

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Education:

Harvard to Reinstate SAT Testing Following Ivy League Peers
(DBN)

Top elite colleges get failing grades on campus antisemitism
(DBN)

Florida can’t ban teacher from asking students to use her preferred pronouns, judge rules
(DBN)

UT Dallas Lays Off DEI Staff
(DBN)

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Coal:

Peabody Slumps as Production Issues, Weather Crimp Revenue
(DBN)

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Agribusiness:

US Betting on Energy Shift to Stem Decades of Disappearing Farms
(DBN)

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Student Debt:

Biden administration cancels another $7.4 billion in student loans Biden canceling student debt for more than 277,000 borrowers
(DBN)

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Fashion:

How a Plan to Fix Fashion’s Waste Crisis Unraveled in Just 12 Months Renewcell’s Plan to Fix Fashion’s Waste Problem Ended in Bankruptcy
(DBN)

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Economy:

US Producer Prices Rise 2.1% From Year Ago, Most in 11 Months
(DBN)

Inflation has investors on edge. But some sectors have deflated
(DBN)

Clobbered Fed Rate Cut Bets Wipe Out Even Last Year’s Bond Gains
(DBN)

Why car insurance costs are skyrocketing and leading to higher inflation
(DBN)

JPMorgan beats on earnings as CEO Jamie Dimon rings the alarm on global trouble JPMorgan's profit rises on interest income strength
(DBN)

Wells Fargo shares fall as lower interest income cuts into profits
(DBN)

BlackRock just reported a record $10.5 trillion in assets under management as client cash poured in and markets delivered
(DBN)

JPMorgan profits rise 6% despite $725mn regulatory charge
(DBN)

The Fried Chicken Is in New York. The Cashier Is in the Philippines.
(DBN)

SBA chief: Business applications record reflects pandemic recovery
(DBN)

Fed officials expected inflation-cooling process to be "uneven," meeting minutes show
(DBN)

Pimco Sees Fed Raising Rates Again If US Inflation Reignites
(DBN)

Fed’s Collins Says Data May Warrant Later, Fewer Cuts This Year
(DBN)

Williams Signals Fed Still Has Work to Do in Its Inflation Fight
(DBN)

Fed’s Main Inflation Gauge Set to ‘Calm Some Nerves’ After CPI
(DBN)

Japan’s Kishida pleads with U.S. to overcome ‘self-doubt’ of global role Kishida Says ‘World Needs US,’ Warning Congress of Global Risks
(DBN)

IMF Sees Growth Edging Higher But Still Warns of ‘Tepid Twenties’
(DBN)

Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.
(DBN)

All Funding Options ‘On the Table’ for Baltimore Bridge Rebuild
(DBN)

More CEOs expect hybrid work is here to stay
(DBN)

With pets becoming family, bereavement leave gains steam
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

All-cash offers, wealthy buyers push Southern California home prices to a record
(DBN)

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
(DBN)

More renters worry ownership beyond their reach
(DBN)

Mortgage Rates in the US Climb for a Second Week, Reaching 6.88%
(DBN)

Signa’s Benko Faces Liechtenstein Fraud, Money-Laundering Probe Liechtenstein prosecutor probes Signa founder Benko’s hidden wealth
(DBN)

Most Expensive Housing Markets in the US Get Unexpected Rebel
(DBN)

Developers of Warfield at Historic Sykesville file for Chapter 11 bankruptcy protection
(DBN)

California’s firefighters can’t get fire insurance
(DBN)

Tampa senior living facility files for bankruptcy, second in 8 years
(DBN)

A Florida Judge Says $165,000 in Fines for 3 Minor Code Violations Is Not 'Excessive'
(DBN)

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Municipalities:

Here are the happiest cities in the U.S., according to new report
(DBN)

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Oil/Gas:

IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions
(DBN)

U.S. Crude Production To Decline In 2024 As Shale Activity Stalls
(DBN)

Oil Resumes Gain as Investors Wait for IEA Report Amid Iran Risk
(DBN)

Biden administration agrees with Native American tribe that Canadian pipeline is trespassing
(DBN)

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Tech:

Google who? Gen Z is searching on TikTok, YouTube instead
(DBN)

Eric Schmidt Warned Against China’s AI Industry. Emails Show He Also Sought Connections to It
(DBN)

Amazon CEO: "We're deeply investing" in generative AI
(DBN)

Big banks are in a race to get AI right
(DBN)

Trump Media shares close down by more than 5%, latest grim day for Truth Social owner
(DBN)

There Appears to Be a Huge Problem with SpaceX's Starlink
(DBN)

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Pharma:

Drug shortages reach all-time high
(DBN)

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Politics:

Arizona: The new ground zero for the 2024 election Arizona Republicans block attempt to repeal abortion ban Trump, GOP scramble to contain abortion ‘earthquake’ Florida and Arizona show why abortion attacks are not slowing down Jeffries: Trump ‘lying’ about not signing a national abortion ban
(DBN)

Poll: Majority of Floridians think 6-week abortion ban is too strict Anti-abortion groups eye challenge if Florida voters approves ballot measure
(DBN)

Younger Dems on TikTok sour on Biden
(DBN)

Biden’s Plan B on Inflation: Turn It Against Trump
(DBN)

Many say Biden and Trump did more harm than good, but for different reasons, AP-NORC poll shows
(DBN)

Pro-Palestinian protesters ramp up pressure on Chicago ahead of DNC
(DBN)

House GOP erupts over "dysfunction" after hardliners kill vote
(DBN)

“It’s past the trade deadline”: MAGA weary of kicking Johnson out Johnson showcases ties to Trump amid Greene threat
(DBN)

Senate Republicans furious over Trump derailing FISA bill Jeffries: Democrats won’t help Johnson break FISA impasse Johnson shifts from FISA critic to champion as Speaker Johnson plans new push to reauthorize controversial government spy power
(DBN)

House Speaker Mike Johnson is negotiating with White House to advance Ukraine aid
(DBN)

Alex Garland’s ‘Civil War’ Is an Explosive Warning Against a Trump Takeover How America’s next Civil War could unfold: ‘It’s looming – the battle lines have already been drawn’
(DBN)

Matt Gaetz Is Winning - But what’s the prize?
(DBN)

Trump seeks to give boost to RFK Jr.
(DBN)

Trump weighs polarizing former rodeo cowboy for Cabinet post
(DBN)

Third South Dakota tribal nation bans Noem from reservation
(DBN)

Former Obama adviser: Kushner engaged in ‘level of corruption that we’ve just never seen’ with foreign relations
(DBN)

43 Senate Republicans write to Schumer to demand Mayorkas trial
(DBN)

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Gambling:

America the slot machine
(DBN)

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Private Equity:

Justice Department Scrutinizing Private Equity Merger Disclosure
(DBN)

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Retailing:

Pennies From Heaven: Dollar Tree, Dollar General Boosted by 99 Cents Bankruptcy
(DBN)

Dollar stores are shutting down across America. They did this to themselves
(DBN)

Rite Aid to close 53 more stores amid bankruptcy proceedings
(DBN)

Embattled Esprit announces 'potential investor' to boost Europe business
(DBN)

How Express went from being a top apparel retailer to on the brink of bankruptcy
(DBN)

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Water:

Hawaii is "on the verge of catastrophe," locals say, as water crisis continues
(DBN)

One of the world’s highest cities starts rationing water for 9 million people
(DBN)

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Crypto:

Bankruptcy Courts' Role In Shaping Crypto's Legal Framework
(DBN)

Bankman-Fried appeals FTX fraud conviction, 25-year sentence
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Las Vegas, Reno and Annual Updated Bankruptcy Case Filing Statistics
(DBN)

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Standing:

Delaware Bankruptcy Court Grants Creditors' Committee of Debtor LLC Derivative Standing
(DBN)

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Bankruptcy Crimes:

Lyon Co. man indicted for fraud charges
(DBN)

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Advisors:

MACCO Restructuring Group, LLC Expands Its Team With the Addition of Three Highly Respected Professionals
(DBN)

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Subchapter V:

Subchapter V Trustee Powers After Debtor’s Removal: Conventional Model v. Impotent Trustee (In re Coeptis Equity)
(DBN)

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Mass Torts:

Judge Won’t Accept Prison Health Provider YesCare’s $54 Million Bankruptcy Deal - WSJ
(DBN)

Prison health co. may stay in bankruptcy, but needs new deal, judge rules
(DBN)

Group's letter to Pope Francis requests Vatican inquiry, removal of Buffalo bishop
(DBN)

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Bankruptcy Crimes:

Wisconsin Man Sentenced for Concealing 'Dukes of Hazzard' Replica in Bankruptcy Case
(DBN)

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Aviation:

VistaJet Yearly Earnings Drop as Private Jet Firm’s Debt Pile Grows
(DBN)

The Airline Industry’s Biggest Climate Challenge: A Lack of Clean Fuel
(DBN)

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Healthcare:

After Uphill Battle, Company Is Poised for Takeover of Bankrupt California Hospital
(DBN)

Madera’s new hospital manager AAM can start reopening. But critics question track record
(DBN)

Why a deep-red state could be on the verge of expanding Medicaid
(DBN)

Mapped: How late in pregnancy states allow abortions
(DBN)

UnitedHealth Chair, Executives Sold $102 Million in Stock Before US Probe Became Public
(DBN)

COVID vaccines not linked to cardiac death in young people: CDC study
(DBN)

Spreading STDs could become criminalized after state House approves bill, sends to Senate
(DBN)

Terminally ill patients ask more states to legalize physician-assisted death
(DBN)

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Movie Theaters:

CPR For Movie Theaters
(DBN)

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Celebs:

If OJ Simpson’s assets go to court, Goldman and Brown families could be first in line NYT Under Fire for OJ's Obituary O.J. Simpson's Death Sparks COVID Vaccine Conspiracies
(DBN)

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Sovereigns:

How Argentina's debt crisis changed the sovereign debt market
(DBN)

US Treasury sounds alarm on financial strains facing developing countries
(DBN)

US Urges Action on ‘Generational’ Debt Risks, Calls Out China
(DBN)

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UK:

Buckingham creditor claims rise by £140m
(DBN)

Third commissioner appointed to help run ‘bankrupt’ Nottingham City Council
(DBN)

Everton takeover: The Esk moots insolvency amid 777 Partners £360m claim
(DBN)

Zig Zag production arm goes into insolvency
(DBN)

Insolvency-related activity in Sussex increases again
(DBN)

Thames Water Debt Crisis: Will it be Nationalized? Will Bills be Affected? Traders Pile Into Cheap Thames Water Bonds on Restructuring Bet Thames Water spills sewage into rare UK chalk stream for over 1,000 continuous hours amid fears of collapse
(DBN)

More than 800 company directors banned for abusing Covid support scheme
(DBN)

Bank of England scraps outdated inflation forecasting model in major overhaul after Fed boss' review
(DBN)

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EU:

The Weil European Distress Index
(DBN)

Lagarde Feels Pull of Fed’s Tractor Beam as ECB Plans Rate Cut The European Central Bank might beat the Fed to interest rate cuts It’s Time for the ECB to Diverge From the Fed, Stournaras Says ECB’s Kazaks Says on Track to Cut Interest Rates in June
(DBN)

How Europe is paying other countries to police its borders
(DBN)

Trichet Sees Public Debt Level More Worrying Than Before Lehman
(DBN)

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Canada:

Creditors downgrade BC’s credit for the third time due to mounting NDP deficits
(DBN)

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MENA:

U.S. aid official says famine has begun in northern Gaza
(DBN)

More aid is supposed to be entering the Gaza Strip. Why isn’t it helping?
(DBN)

Israel’s Embattled UN Envoy Hits Back Hard as the Gaza Crisis Worsens
(DBN)

Senior U.S. general to visit Israel to coordinate on Iran attack threat
(DBN)

The untold story of Arab Jews — and their solidarity with Palestinians
(DBN)

Iran Has No Easy Options as It Seeks to Avenge Damascus Attack Iran signals it will limit response to Israel attack to avoid escalation Iran wants to hit Israel while avoiding retaliation from Washington, US assesses
(DBN)

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Russia:

Russian military replaced Ukraine battlefield losses 'far faster' than expected, general warns US general says Russian army has grown by 15 percent since pre-Ukraine war
(DBN)

Ukraine Nuclear-Plant Attacks Prompt Emergency Watchdog Meeting
(DBN)

Poland May Donate More Post-Soviet Missiles to Ukraine
(DBN)

US Frustration Mounts as Ukrainian Weapon Stocks Run Out
(DBN)

Zelensky rages at West for 'turning blind eye' on war as Russia advances
(DBN)

Ukraine desperately needs more soldiers. War amputees are returning to the frontline
(DBN)

Russian Attacks on Ukraine Stoke Fears Army Near Breaking Point
(DBN)

Putin Says Russia Forced to Respond to Ukraine Energy Attacks
(DBN)

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China:

China Property Crisis Deepens With Vanke in Market Crosshairs
(DBN)

China Banks Say They Won’t Blame Staff If Developer Loans Go Bad
(DBN)

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Ecuador:

Mexico Seeks Ecuador’s Expulsion From the UN Over Embassy Raid
(DBN)

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Argentina:

Argentina Cuts Key Rate to 70% as Investors See Inflation Easing
(DBN)

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Brazil:

Want to visit Brazil? From next year, US travelers will need to share their bank statements first
(DBN)

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Brazil:

Rio de Janeiro’s Utility Closes Deal With Creditors For Debt Restructuring
(DBN)

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