April 15, 2024

The Daily Bankruptcy News

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Law:

Why a big law firm is rolling back parental leave
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The Journey From Associate To Partner: Navigating New Waters
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Making The Journey From Biglaw To In-House
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And Then There Was One: Penultimate For-Profit Law School Changes Its Ways
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Associate At Top Biglaw Firm Dies By Suicide
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Artificial Intelligence May Not Disrupt The Legal Profession For A While
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"Key player": Legal scholar says Hope Hicks' hush-money testimony could be "devastating" for Trump Trump Tried Everything to Avoid a Criminal Trial. The Day Has Arrived - WSJ Trump’s NY Criminal Trial to Mark Milestone in American Politics Protests, Traffic, Crowds: Court Braces for a Trump Trial Like No Other Trump tests limits of gag order ahead of New York trial Trump hush money trial: the key players 5 things to know ahead of Trump’s hush money trial 'A dark day for our country': Trump flips out and points fingers as felony trial looms Trump targets two likely witnesses ahead of his criminal trial, despite gag order Trump, in Pennsylvania, attacks judge as first criminal trial looms Trump 'attacking a key witness' just before trial spurs gag order questions from experts Michael Cohen is an admitted liar. He’s still going to be the star witness against Trump Michael Cohen on the Trump Trial: Prepare To Be Surprised Alvin Bragg's about to become the most famous prosecutor in America (but no questions, please) What makes Trump’s hush money trial different from his other legal cases Why Trump should win his NY hush money trial Former NY prosecutor on Trump hush money trial: ‘He’s going to have to sit there’ Trump Threatens Reaction to Pending ‘Sham Trial’ in Fundraising Email: ’72 Hours Until All Hell Breaks Loose!’ Trump's hush money trial won't be G-rated: Stormy Daniels will have no choice but to testify about affair, experts say Trump targets Cohen in Truth Social post, appearing to violate hush-money case gag order
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Majority of voters think Trump committed ‘serious federal crimes,’ according to NYT poll
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Supreme Court to weigh if Jan. 6 rioters can be charged with obstruction Supreme Court tackles Jan. 6 obstruction charge with Trump case looming Jan. 6 Case Pulls Conservative Supreme Court in Two Directions
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Accused White Defense Force member pleads guilty to stealing 'war trophy' helmet on Jan. 6 Jan. 6 rioter who claimed everyone was 'peaceful' threw chairs at Capitol police: Cops
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Judge rejects defense efforts to dismiss Hunter Biden’s gun case Hunter Biden gun charges stand, judge derides argument that ‘his own father targeted him'
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Lawyers ask judge to hand over 'control' of Giuliani legal defense fund donor's 'assets'
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Watchdog group accuses SCOTUS of helping Trump delay on presidential immunity
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How Donald Trump Gets Special Treatment in the Legal System
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Fani Willis' Workers May be Turning on Her
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Still no new trial date for Trump’s Florida case Trump Docs Co-Defendants In Massive F--------- With Special Counsel
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The Federal Court Most Likely To Put The Kibosh On Trump Policies
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Election Workers Face Flood of Threats, but Charges Are Few
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Maine lawmakers reject bill for lawsuits against gunmakers and advance others after mass shooting
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How Arizona's court ruling will impact abortion access Former Arizona Gov. Doug Ducey Says the Abortion Ruling From Justices He Chose Goes Too Far Arizona anti-abortion activists aren’t letting up after Supreme Court victory
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10 years after armed standoff with feds, Bundy cattle still grazing disputed land
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Texas county at center of border fight is overwhelmed by migrant deaths U.S. border arrests decline amid increased enforcement in Mexico These are the border officers that migrants fear – and they are not the Americans
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One dead and two critical after a wannabe trucker who failed his test deliberately plowed his 18-wheeler into Texas Department of Safety building the day after his license application was denied
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OJ Simpson allegedly hired Gambino goons to kill ex-wife Executor of O.J. Simpson’s estate plans to fight payout to the families of Brown and Goldman What Happened to Damages That O.J. Simpson Owed to the Victims’ Families? OJ Executor: Victims' Families Get Nothing OJ Simpson's private 'confession' to friend O.J. Simpson Changed Everything Dershowitz; I Thought OJ Was Probably Guilty O.J. Simpson, the Former NFL Star Who Ignited the True-Crime Era, Left Behind an Equally Infamous Property Portfolio Ronald Goldman’s family says there is no closure from OJ Simpson’s death
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'Rust' Armorer Called Jurors "Idiots" in Calls
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Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
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Man sues Fox News for allegedly falsely identifying him as a neo-Nazi mass shooter
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Police Chief Hailed As A Hero For Crashing Into A Car While Fleeing The Scene Of A Shooting
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New York man charged after slain friend's body parts found in refrigerator
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Georgia father sentenced to 50 years for poisoning his newborn's breastmilk with antifreeze
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California man sentenced in road-rage killing of 6-year-old on his way to kindergarten
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Kyle Rittenhouse Shooting Survivor Wants Revenge: 'He's a Fraud'
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Police Report: Trump County Chair Threatened To Rape Boss's Wife, Then Kill Him
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$600,000 Falls Out of Brinks Truck
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NYPD deploying resources to houses of worship, sensitive locations in city
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Virginia becomes first state in the South to ban child marriage
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Texas mother arrested after allegedly leaving young children alone to take a cruise
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Grandma, 3 Others Arrested For Murder of Missing Kansas Moms 4 arrested for murder in mysterious disappearance of 2 apparently abducted mothers: Cops
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Man arrested after woman’s leg found in lake following first date, cops say
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Texas Republican encourages New York police officers to relocate to the Lone Star State
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Man killed roommate dismembered body and stored remains in fridge for years: Prosecutors
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Self-professed 'alpha parent' says she killed 5-year-old boy because he took snacks to bed
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Courtroom brawl erupts during sentencing of man who stabbed woman nearly 100 times
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Murders down up to 20% in some major US cities — including NYC: ‘Very positive trends’
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Judges:

The Passing of Judge Kevin Carey (ret).
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Billionaire Leonard Leo rejects Senate subpoena over supreme court gifts
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The Burly Texas-Born Judge Fighting Efforts to Play Down Jan. 6
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Which judges are most likely to issue nationwide injunctions? Party of appointing president makes a difference
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Under Pressure To Retire, Sonia Sotomayor Ought To Tell Detractors To 'Go Pound Sand'
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Wall Street:

Dow futures rebound from worst week of 2024 even as traders brace for Israel response to Iran attack
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Dow Falls 475 Points
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Wall Street traders keep underestimating America’s economic strength
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Layoffs:

Ex-Yellow Employees Get Court Go-Ahead to Continue Class-Action Suit
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Tesla is rumored to be preparing a massive round of layoffs
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Condé Nast Purgatory: Dozens of Staffers Marked for Layoffs Bide Time at “Central Editorial Group”
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Former Noble Health Employees Have Settlement Proposal In Bankruptcy Case
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Is AI responsible for Mass layoff in Tech ?
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Media:

Right-Wing Media Are in Trouble
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Trump tries to boost support for Truth Social as DJT stock tanks
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Google will reduce some users access to California news sites
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Banking:

JPMorgan’s Dimon Warns of ‘Unsettling’ Pressures as Bank’s Earnings Wobble
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Tech:

Distress of $30 Million Has Discerned Tech Debt Following Creditor Disputes
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AI Comes to Bankruptcy, as Courts Deal With Its Ethical and Privacy Risks - WSJ
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The U.S. government is taking a slower approach on AI than some of its peers
(DBN)

Elon Musk's Worst Predictions and Broken Promises of the Past 15 Years
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Tech Exec Predicts Billion-Dollar AI Girlfriend Industry
(DBN)

How I Built an AI-Powered, Self-Running Propaganda Machine for $105 - WSJ
(DBN)

Fast rise in AI nudes of teens has unprepared schools, legal system scrambling for solutions
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The AI craze is no dot-com bubble. Here’s why
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Personal Finance:

The phenomenon of your rich friend being the stingiest rings true, expert says—here’s why
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Agribusiness:

Bird flu is spreading to more farm animals. Are milk and eggs safe?
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Waste:

Bucksport officials continue to urge closing of defunct landfill
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Nursing Homes:

Magnolia Senior Living files for bankruptcy
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Nuclear:

Banks Unwilling To Finance $5 Trillion Global Nuclear Development
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Economy:

Biden's new take on inflation: Trump would be worse
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Hot oil summer: Soaring prices threaten consumers and Biden
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3 Facts That Help Explain a Confusing Economic Moment
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Public and Private Sector Payroll Jobs During Presidential Terms
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Q1 GDP Tracking: Around 2%
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Inside America's black market of men who father hundreds
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‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy
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Washington, DC Tops List Of ‘America’s Hardest-Working Cities’
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Trades make a comeback with Gen Z workers
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The Americans retiring to Mexico for a more affordable life: ‘We are immigrants’
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Risk of 1987-Style Meltdown Sparks Ruffer’s Record Cash Bet
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Factories Around the World Are Slowly Cranking Into Gear Again
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NY has highest total tax burden of the 50 states, study shows
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US Debt Clock
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World Debt Clock
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Real Estate:

Part 2: Current State of the Housing Market; Overview for mid-April 2024
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Realtor.com Reports Active Inventory UP 30.4% YoY; New Listings Up 30.1% YoY
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2nd Look at Local Housing Markets in March
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The 14 U.S. states where you can still afford to buy a home if you earn less than $75,000
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Most baby boomers don't want to move out of their big family homes as they get older — exacerbating a major US housing problem
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America's Modern Ghost Towns
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‘Zombie second mortgages’ behind Connecticut’s spike in foreclosures in March, expert says
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Adam Neumann opens up about his billion-dollar plan to transform apartment living and explains why he wants to buy back WeWork
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Liechtenstein prosecutor probes Signa founder Benko's hidden wealth
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Trio of CT office foreclosures show stress on sector
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Municipalities:

America's big cities are about to run out of money
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The city whose 'doom loop' just might be worse than San Francisco's
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GMG board begins to tackle budget woes, stave off insolvency
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Oil/Gas:

Drilling for oil on public land is about to cost a lot more
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Biden admin approves large oil terminal in Texas, sparking eco backlash
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Oil and gas companies must pay more to drill on federal lands under new Biden administration rule
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Politics:

Biden Shrinks Trump’s Edge in Latest Times/Siena Poll Trump the Front-Runner? Not So Fast Biden ticks up in polls post-SOTU, but still trails Trump Joe Biden Gets Good News From America's Most Accurate Pollster
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Two states warn that Biden may be kept off their ballots
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Insiders fear 'Trump fatigue' may cripple campaign as Manhattan trial poised to begin
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If you thought a trial could force Trump off the campaign trail, you thought wrong Trump on trial tests his political wherewithal — and American resolve
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Pastors respond after Trump says Christianity is under attack
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Trump Risks Losing Suburban Women Over Abortion Suburban women are more complicated than ‘soccer moms’ Harris on Trump's abortion stance: "Enough with the gaslighting" Harris to warn in Arizona after abortion ruling a second Trump term would mean ‘more bans, more suffering’ Conservatives clash with Trump on leaving abortion up to voters GOP Scrambling Over Abortion Earthquake 6 in 10 U.S. Catholics are in favor of abortion rights, Pew Research report finds
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Mark Cuban Proudly Pays $288 Million in Taxes, Contrasting With Former President’s Approach
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For all his bombast, Trump is plummeting – financially, legally and politically
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Trump blames Biden for Iran strike on Israel: ‘It would not have happened if we were in office’
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Iranian attack on Israel reignites Congress' fight over foreign aid
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Why ‘Civil War’ Is Making Audiences So Uncomfortable
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Transgender recall vote lays bare US battle between progressives and conservatives
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Greene threat to oust Speaker Johnson has Senate Republicans anxious Moskowitz: Greene ‘doesn’t have the votes to rename a post office,’ let alone to oust Johnson Trump says he stands with Johnson as Greene threatens ouster
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House GOP pauses infighting to move forward on key surveillance bill
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GOP is Now the Party of Putin Luxury yachts and other myths: How Republican lawmakers echo Russian propaganda
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Clyburn hits Johnson, Trump after joint meeting: ‘Outright lies’
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Fact-checking Trump’s press conference with Mike Johnson
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Mike Pence pushes a post-Trump path for conservatives and GOP
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Former FBI official accuses Marjorie Taylor Greene of spreading foreign propaganda
(DBN)

RFK Jr. rules out Libertarian run for president
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5 Most Bonkers Matt Gaetz Details — Revealed in Atlantic Deep Dive
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Republicans aim to stop noncitizen voting in federal elections. It's already illegal
(DBN)

Republican Governor Admits His Support for Trump 'Doesn't Make Sense'
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Education:

A California Regent Confronts the Limits of Free Speech: “The students overstepped the line,” says UC Regent John Pérez
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Retailing:

True scale of US retail bloodbath revealed
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Prediction of retail chain failure: examples of recent U.S. retail failures
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Macy’s proxy fight is over, but the battle for the department store’s future wages on
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Post-pandemic shoppers are harder to please
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Hope for 99 Cents Only Stores?
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The American dollar store has fallen on hard times
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Recent Rite Aid store closings exceed 200
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Pirch’s Luxury Vendors, Customers Fuming Over Chain’s ‘Pause of Business’
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Steel:

U.S. Steel shareholders approve $14.9 billion buyout by Nippon Steel
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Climate:

How climate change is beginning to be built into employee pay and benefits
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Record debt costs mean climate spending could push nations to brink of insolvency
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Labor:

Shawn Fain, president of the UAW: ‘Workers realized they’ve been getting screwed for decades’
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Florida blocks heat protections for workers, just as summer approaches
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Mail:

The Forever Stamp is forever rising in price. How does the U.S. cost compare globally?
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Healthcare:

Covenant violations may signal healthcare sector trouble ahead
(DBN)

Kansas governor vetoes proposed ban on gender-affirming care for minors
(DBN)

Texas Surgeon Is Accused of Secretly Denying Liver Transplants
(DBN)

Disgruntled anesthesiologist convicted of poisoning patients' IV bags
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Hotels:

Hotels: Occupancy Rate Increased 4.7% Year-over-year
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From Bond to bust: a Sin City hotel’s closing mirrors the new face of Vegas
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Solar:

Losing hope of rescue, some European solar firms head to US
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Newspapers:

Newspapers in rural areas are folding, leaving vast news deserts. But there are bright spots
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Beauty Supplies:

Metro Atlanta company to help Black people open beauty supply shops leave some bankrupt instead
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New Bankruptcy Opinions
(0 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
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Recent Ch. 11/9/12/15 Adversary Proceeding Filings (4 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Exemptions:

Nebraska Homestead Exemption: New Bankruptcy Court Opinion Issued
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Mass Torts:

National Sciences Academy Asks Court to Strip Sackler Name From Endowment
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Proposal would radically reshape Catholic Baltimore, cut parishes Archdiocese proposes closing dozens of churches in Baltimore
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Good Morning, Buffalo: Diocese lags behind others in settling bankruptcy as Supreme Court rulings loom 'No one that wants to get out of this more than I do': Bishop addresses Diocese of Buffalo bankruptcy status
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Bankruptcy Research:

Creditor rights, collateral reuse, and credit supply
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Aviation:

US carrier IAero files for liquidation after agreement to sell assets to Eastern
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Could Spirit Airlines Be on Its Way to Bankruptcy?
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GoFirst's last stand with two suitors in the wings
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Flight attendant reveals her tactic to get passengers to swap seats so families can sit together
(DBN)

The turbulent issue of airline dress code policies
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Airspace closures throughout the Middle East ground, divert flights as Iran launches drone attack on Israel
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Richard Branson loses more than £2.5bn after the value of Virgin Orbit and Virgin Galactic collapses
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Banking:

Big banks warn of sting from higher rates
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Student Debt:

The secret to defeating Biden’s ‘SAVE’ program
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Biden’s new student loan forgiveness plan is narrower than his first. It might not matter to critics
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Festivals:

Grateful Dead Music Fest Canceled, No Refunds
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Autos:

The wallet-busting era of car ownership
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Tesla is headed to trial, where a jury will soon decide whether it's to blame for a 2-year-old crashing a model X into his pregnant mom
(DBN)

Tesla's Q1 US Sales Mainly Held Back By Very Model That Saved It From Bankruptcy Years Ago
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Teslas with FSD Keep Hitting Curbs
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Soaring insurance costs hit as US buyers finally get a break on car prices
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Biden, Trump Dig Heels in as EVs Become Surprising Election Issue
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Infrastructure:

Water pours out of Utah dam as residents prepare for evacuation
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Personal Finance:

4 wedding red flags that are telltale signs a couple won't last, according to a dating coach
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Food/Beverage:

North Aurora's Oberweis Dairy Files For Bankruptcy Protection
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Crypto:

Bankman-Fried Appeals Attorney Clerked for Ginsburg, Wrote Novel
(DBN)

Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash—Hitting Ethereum, BNB, XRP, Solana And Dogecoin
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Fashion:

How a plan to fix fashion’s waste crisis unraveled in just 12 months
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Sovereigns:

Staff-Level Agreement not enough to release third tranche – IMF to Ghana
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UK:

R3 warns insolvency activity has again increased in south east
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Clash over council cash and risk of bankruptcy
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Act responsibly when faced with insolvency
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Squatters have taken over Gordon Ramsay's restaurant in London and are threatening legal action
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Newlyweds flee wedding without paying £7,000 bill in lavish dine and dash
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MENA:

Saudi Arabia: Key developments of the Bankruptcy Law and latest trends
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Iran fires some 300 drones, missiles at Israel in first-ever direct attack; 99% downed No drones, cruise missiles breached Israeli airspace Iranians celebrate attack despite Israel and US shooting down ‘vast majority’ of 300 drones, missiles US, UK jets allegedly intercept drones over Syria How Iran's Attack on Israel Was Stopped Biden: U.S. and Israel were able to ‘take down nearly all’ Iranian drones and missiles No reports of injuries directly through Iranian strikes, according to Israel’s emergency service Jordan's air force shooting down Iranian drones in airspace - reports Iran launches retaliatory drone and missile attack on Israel Houthis, Hezbollah Join Blitz Iran State Media Say Israel Attack Dealt 'Heavy Blows' To Negev Air Base Iran launched 185 drones, 36 cruise missiles and 110 surface-to-surface missiles Iran launches operation 'True Promise' against Israel Israel shut down by Iranian cyber attack telling residents to prepare for war
(DBN)

Netanyahu says Israel ready for direct attack from Iran, will respond in kind Israel war cabinet approves 'powerful response' on Iranian soil Confrontation with Iran 'not over,' Israel says Biden told Bibi U.S. won't support an Israeli counterattack on Iran Iran's strike on Israel shows how the Biden administration has lost control of the conflict, foreign policy expert says Iran says 'concluded' retaliation against Israel, summons Western envoys Israel hails ‘success’ in blocking Iran’s unprecedented attack. Biden now seeks diplomatic response Biden tells Netanyahu US will not engage in counteroffensive against Iran, calls Saturday a victory for Israel: report Biden spoke to Netanyahu on the heels of Iran’s attacks. Here’s what he said. All-out war, or not, in the Middle East? Biden's test at the most dangerous moment As Iran attacks Israel, Biden confronts an escalating Middle East crisis he had hoped to avoid GOP Lawmakers Demand US Retaliate Against Iran Over Attack On Israel, Pushes Aid Package: ‘Long Past Time For Iran To Pay’ House GOP vows Israel vote after Iran attack amid bipartisan pressure on aid package U.S. concerned Israel will respond to Iran without thought to potential fallout GOP Lawmakers Use Iran’s Attack on Israel to Blast Biden Germany's foreign minister says Iran's attack puts entire region at risk of plunging "into chaos" Russia extremely concerned, calls for restraint after Iranian strikes on Israel Russia moves supersonic missile warship to Middle East after Iran attack on Israel Saudi Arabia expresses 'deep concern' after Iranian attack In Tehran, locals are wary of potential war with Israel The world stands on the brink of all-out war
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Iranian Navy Seizes Israeli-Linked Cargo Ship
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West Bank sees some of its worst violence since war in Gaza began as Israeli teen’s body is found Hundreds of Israeli settlers attack Palestinian villages in the occupied West Bank
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Russia:

Situation in east Ukraine has ‘deteriorated significantly,’ Kyiv commander says
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In Ukraine’s West, Draft Dodgers Run, and Swim, to Avoid the War
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Ukraine Commander Issues Dire Warning About Frontline
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Drones are crowding Ukraine’s skies, largely paralyzing battlefield
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Former NATO leader urges US not to withhold Ukraine aid: Putin ‘will not stop
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US commitment to Ukraine grows murkier How a key skeptic got behind Democrats' Ukraine aid push
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China Selling Russia Goods for War Effort
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Putin's Secret Fortune May Be at Risk in World's 'Most Neutral' Country
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Australia:

7 Dead in Mass Stabbing at Sydney Mall
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Venezuela:

A Maduro election victory might lead to new exodus of Venezuelan migrants, poll shows
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Argentina:

Argentina's government (and a bot) say inflation is easing. Shoppers aren't so sure
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India:

After making insolvency process creditor-driven, can IBC address the delays
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Cross border insolvency framework must respect global laws without overriding Indian jurisdiction, says former NCLAT Chief Mukhopadhaya Discussion paper on cross-border insolvency soon: Official
(DBN)

Families of insolvent diamond traders seek SDA intervention
(DBN)

Mapping The Insolvency Saga Of India’s Corporate High Flyers
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Greece:

Greece: Significant reform to insolvency law
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Switzerland:

Switzerland: one year after the revision of the Swiss Restructuring Law and potentially viable restructuring approaches from a corporate law perspective
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