April 16, 2024

The Daily Bankruptcy News

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Law:

Norton Rose Fulbright Grew Revenue 8% Amid Management Exits
(DBN)

Daniel B. Besikof Joins Lowenstein Sandler as Partner in the Bankruptcy & Restructuring Department
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Case Tossed When Lawyer Can't Find Any Parking Near The Courthouse
(DBN)

Why *Does* The Legal Profession Suffer From So Many Addiction Issues?
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Texas AG Ken Paxton Stomps Into DC, Wishes He Hadn't
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I, For One, Am Ready For Taylor Swift, Esquire
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MMA files for bankruptcy amid insurance fraud probes Law firm accused of fraud in Louisiana hurricane suits files for bankruptcy in Texas
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Protesters and supporters of Donald Trump stage outside New York court for start of jury selection Thin crowd of pro-Trump supporters gathers outside hush money trial courthouse Why the MAGA crowd is so thin outside Trump’s New York trial Judge bench-slaps Trump lawyer 5 times on day 1 of hush money trial Trump arrives at Manhattan courthouse for start of historic criminal trial Trump has an unusual request in hush money trial How celebrity lawyers would approach Trump's jury selection Who are the attorneys representing Donald Trump in his New York criminal trial? Meet two of Trump’s NY trial lawyers, Todd Blanche and Susan Necheles Trump bizarrely rants about 'discredited lawsuit' ahead of criminal hush-money trial Over 50 prospective Trump jurors say unable to be fair, excused Potential jurors called into courtroom for start of Trump's historic hush-money trial Trump hush money trial gets off to sluggish start Trump's hush-money trial might make him miss Barron's high school graduation ceremony Trump ‘appears to sleep’ during his historic hush money criminal trial Trump Takes Power Nap In Court After Exhausting Morning Of Contempt-Posting Through It Jon Stewart marvels at how Trump has committed 'so many crimes' he got 'bored' at his own trial Why Donald Trump's Hopes of Trial Acquittal Are Slim Judge Warns Trump He Will Be Jailed If He Doesn’t Show Up to Court Every Day of Hush Money Trial Prosecutors at Trump criminal trial raise prospect of contempt order Prosecutors ask hush money judge to fine Trump $3K for violating gag order Donald Trump Faces Deep Blue Jury Pool as Hush-Money Case Begins - WSJ A porn star, a president and a publisher named Pecker: The key potential witnesses at Trump’s criminal trial Trump's trial is about more than sex and money. It's about what presidents 'can get away with' CNN analyst compares Trump to ‘child’ over gag order as hush money case opens Judge won't rule on Monday on request to fine Trump over gag order violations Trump tests the limits of his gag order on first day of trial Trump calls hush money trial an ‘assault’ on US How we got here: A timeline of the Donald Trump-Stormy Daniels hush money case How to pick a jury that can judge Donald Trump Trump Trial Starts With Judge Allowing Jury to Hear About Affair Trump Hush Money Trial Is Set To Shock MAGA-World Trump’s Forbidden Legal Strategy: What New York Law Won’t Let the Jury Do Angry Trump Emerges from Court After First Day of Trial: ‘The Judge Isn’t Going to Allow Me to Escape This Scam’ New York judge says Trump can't attend Supreme Court arguments on presidential immunity Hush-money judge hands Trump a win by keeping E. Jean Carroll deposition out of evidence 5 takeaways from first day of Trump’s criminal trial
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‘Incurably divisive and destructive’: Trump tells Supreme Court Gerald Ford’s pardon of Richard Nixon for Watergate actually works in his favor on presidential immunity
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Before Alvin Bragg Became The Symbol Of Trump Accountability...
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Swalwell accuses Clay Travis of jury tampering in Trump trial
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Federal judge dismisses Rudy Giuliani's bid for new defamation trial Giuliani loses bid to dismiss $148 million defamation judgment
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Alina Habba Corrected by Attorneys Over Supreme Court Remarks
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SCOTUS doesn't answer MyPillow CEO's call to get his phone back years after FBI seized it
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Vet urging Jan. 6 'political prisoners' to make Trump loyalty pact must stay jailed: Feds
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‘That must stop’: Exasperated Jack Smith has had enough of Trump’s ‘open-ended’ Mar-a-Lago case delay requests based on start of New York hush-money trial
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Inside Biden's delay on going "nuclear" at the border Surge in Haitian migrants hasn’t hit Florida shores, so far. What happened? Californians are buying up guns after Border Patrol starts dumping thousands of migrants on streets Biden Once Rejected Trump’s Migrant Policies. Now His Ideas Echo Them
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Corporate defense lawyers have adopted a new strategy that not even the mob considered. When facing litigation from the government, file misconduct charges against the attorneys bringing the charges
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Bureau of Prisons to close California women’s prison where inmates have been subjected to sex abuse
(DBN)

‘Stupid’ Prince Harry Could Face Deportation From U.S., Experts Say
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FBI opens criminal investigation into Baltimore bridge collapse, AP source says FBI conducts "law enforcement activity" aboard cargo ship that struck Baltimore bridge Baltimore to pursue legal action following Key Bridge collapse
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Gun supervisor for ‘Rust’ movie to be sentenced for fatal shooting by Alec Baldwin on set ‘Rust’ movie armorer sentenced to 18 months in prison for involuntary manslaughter Sobbing ‘Rust’ armorer given maximum sentence in fatal shooting of Halyna Hutchins
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Supreme Court allows police officer’s suit to move forward against Black Lives Matter leader
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Man put antifreeze in baby's milk after girlfriend refused to have an abortion
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Man kills woman Uber driver in grisly shooting after scam caller triggered tragedy: Police
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Cops: Suspect Busted In Pizza Dough Pelting
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Judges:

BK OR: Term Law Clerk Vacancy
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Justice Thomas misses Supreme Court session Monday with no explanation Clarence Thomas Mysteriously Absent From Supreme Court Session -- Let The Zany Speculation Begin!
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Trump rages at judge hours before hush money case begins Trump hush money trial judge rejects new demand to recuse himself from case
(DBN)

Chemerinsky: Will SCOTUS consider it cruel and unusual punishment to prosecute homeless people for sleeping in public? The US Supreme Court Should End Criminalization of Homelessness
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Wall Street:

Dow futures tick higher after UnitedHealth earnings as benchmark tries to snap 6-day slide
(DBN)

Citi Says Stretched Positioning Set to Fuel US Stock Pullback
(DBN)

Global Stock Gauge Nears Oversold Zone as Selloff Deepens
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Brace for the S&P 500 to crash 30% before an even bigger collapse after the election, markets guru David Brady warns
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Layoffs:

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say Read the memo Elon Musk sent Tesla staff announcing that the company is laying off more than 10% of the workforce A major Tesla executive left after 18 years at the company amid mass layoffs Tesla Losing Top Execs After Layoffs Announced
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I was a consultant at McKinsey. Here's the frustrating way they pushed me out.
(DBN)

UPS layoffs to begin at New Stanton; shipper to cut 206 jobs
(DBN)

Stellantis’ $39 Million CEO Pay Draws Investor Ire Amid Job Cuts
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Healthcare:

UnitedHealth’s first-quarter report will offer a window into Change cyberattack costs
(DBN)

$1B in medical debt could be wiped for Illinoisans under proposed statewide program
(DBN)

Gaps emerge in how doctors and patients see AI
(DBN)

'Miracle' weight-loss drugs could have reduced health disparities. Instead they got worse
(DBN)

Americans Sleeping Less, More Stressed
(DBN)

Supreme Court allows Idaho to enforce felony ban on gender-affirming care for minors
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Student Debt:

4 red flags that indicate you might be dealing with a student loan debt scammer
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Water:

New Mexico’s rivers are most threatened waterways in US, report finds America's Most Endangered Rivers
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Economy:

Remote workers are about to get a rude awakening
(DBN)

Retail sales rose sharply in the first quarter — and could boost U.S. GDP
(DBN)

U.S. economy will see ‘more things break’ in 2025 if rates stay high, strategist says
(DBN)

The American Dream feels out of reach even for households that bring in more than $100,000 a year
(DBN)

Dollar Heads for Best Run in Year in Bet on Fed Delaying Cuts
(DBN)

UBS Predicts Potential Fed Rate Hike to 6.5%
(DBN)

U.S. wage growth is cooling, but some jobs are still seeing relatively big annual raises
(DBN)

Trump trade advisers plot dollar devaluation
(DBN)

The 7 Most Expensive Places To Live In America
(DBN)

US Antitrust Funding Jump Urged by Unions, Lobbies, Trade Groups
(DBN)

FactCheck: Speaking of semiconductor industry jobs, "Know what the average salary is? $110,000. You don't need a college degree."
(DBN)

America's young men are blowing their money like never before
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US Debt Clock
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World Debt Clock
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Real Estate:

The average US home price could spike 20% to a record $500,000 if the Fed cuts interest rates too soon, expert says
(DBN)

Homeowners insurance is a stealth inflation driver
(DBN)

Real Estate Borrowers Should Avoid Cancellation of Debt Income
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Dream of homeownership feels unattainable to many Americans: Redfin
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Municipalities:

The top 14 cities in the US people are fleeing
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Oil/Gas:

U.S. extends license protecting Citgo from creditors through mid-August
(DBN)

Iran attack aftermath: Oil markets wait and see, for now
(DBN)

Trump’s Fundraising Shows Reliance on Oil Sector, Wealthy Donors
(DBN)

A deep dive into energy plans for Trump 2.0
(DBN)

Inside the battle to stop methane exports from South Texas
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California exceeds 100% of energy demand with renewables over a record 30 days
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Oil prices fall for second day as U.S. expects limited Israel response to Iran attack
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Politics:

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
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Donald Trump's Polling Numbers Are Dropping
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Biden sees highest approval rating since November
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Biden's campaign spending quadrupled in March
(DBN)

White House declines Comer testimony invite, declaring impeachment investigation ‘over’
(DBN)

House is About to Start Mayorkas' Impeachment
(DBN)

Bidens report nearly $620K in income, Harris and her husband report more than $450K
(DBN)

The Civil War raged and fortune-seekers hunted for gold. This era produced Arizona’s abortion ban Progressive candidates are increasingly sharing their own abortion stories after Roe’s demise Women won’t be ‘conned’ by Trump’s abortion dance, Sen. Tina Smith says
(DBN)

House plans raft of Iran sanctions votes after attack on Israel
(DBN)

Johnson says House GOP will "try again" to pass Israel aid Speaker Johnson unveils plan for Ukraine, Israel at closed-door GOP meeting Johnson plans separate House votes on Ukraine and Israel this week White House opposes standalone Israel funding bill After Iran attack, Kirby calls for floor vote on Israel-Ukraine aid Republicans, Democrats call for immediate vote on military aid package after Iran strike on Israel All eyes on Johnson foreign aid decision amid Israel attack, Greene ouster threat McCarthy on Greene’s move to vacate Johnson: ‘I don’t think it’ll ever happen’
(DBN)

Anti-Israel protesters shut down O'Hare airport by blocking highway - as video shows frustrated passengers abandoning their taxis and cars and walking 20 minutes to the terminal Democratic appetite grows for conditions on weapons to Israel ‘Delusional’: Bolton blasts Trump for saying Iranian attacks wouldn’t have happened on his watch Hundreds of anti-Israeli protesters wreak havoc in downtown NYC, disrupt bridge traffic as cops make arrests
(DBN)

GOP push emerges to keep George Santos away from the Capitol Santos' threatened comeback bid hasn't raised a single dime
(DBN)

Republican candidates downplay past anti-abortion stances ahead of 2024 election Gallego targets Lake on abortion in new Arizona Senate ad
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No Labels was ‘this/close’ to a Christie-led ticket
(DBN)

RFK Jr. anxiety rises among Senate Democrats RJK Jr. claims Trump ‘emissaries’ asked him to be his running mate
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Bank of America accused of religious and political 'discrimination' by 'de-banking' or refusing to service Trump supporters
(DBN)

Maine joins effort to elect president by popular vote with new law
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Climate:

Scientists say coral reefs around the world are experiencing mass bleaching in warming oceans
(DBN)

How climate change could be driving ‘killer’ cold outbreaks in oceans
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Extreme Heat Shuts Philippine Power Plants and Risks Blackouts
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German Coal Mines Emit Much More Methane Than Reported, Study Says
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Ride Hailing:

It's easy to bash tech, but I've started taking robotaxis — and they're awesome
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Education:

Ignore the sticker price: How have college prices really changed?
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Citing safety, USC bans pro-Palestinian valedictorian from speaking at graduation
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Autos:

Fisker Stock Soars 120% on New Dealer Partner News Despite Bankruptcy Risk
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Ticketing:

Ticketmaster to face federal antitrust lawsuit: reports
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Food/Beverage:

As bankruptcies pile up, some Philadelphia-area craft beer makers feel the industry 'collapsing' around them
(DBN)

Future of Oberweis Dairy is uncertain after bankruptcy filing
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Cannabis:

Budding cannabis law courses are growing—but not fast enough
(DBN)

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Transit:

8 years into America’s e-scooter experiment, what have we learned?
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Footwear:

Dr. Martens shares plunge 30% to all-time low, trading briefly halted on weak outlook
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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
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Recent Ch. 11/9/12/15 Adversary Proceeding Filings (11 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Mass Torts:

Clergy sex abuse survivors reject Diocese of Rockville Centre $200M offer to settle lawsuits Long Island diocese to end bankruptcy without sex abuse deal
(DBN)

Baltimore Archdiocese announces major restructuring that will merge dozens of parishes
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Venue:

Judge Shopping Under the Microscope: Two Senate Bills Are Introduced
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Litigation Finance:

2024 Legal Finance Outlook
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Bankruptcy Research:

Beware of Creditors Bearing Opportunities?
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Cross-Border:

Chinese property developer Sunac receives Chapter 15 recognition
(DBN)

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Aviation:

American Air Pilots Cite ‘Significant’ Jump in Safety Issues
(DBN)

Defunct Lynx Air blames contractor for delayed passenger refunds
(DBN)

Boeing to Urge New 787 Checks Linked to Jet’s Multiyear Review
(DBN)

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Crypto:

FTX Controversy Derails Top Law Firm’s Bid for Binance Role DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing FTX Connections
(DBN)

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Labor:

America's newest doctors fuel efforts to unionize
(DBN)

Teamsters make another move in support of GOP
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Retailing:

Retail sales jumped 0.7% in March, much higher than expected
(DBN)

Another Huge Mall Retailer Nearing Bankruptcy, Fate Of 500 Stores Unknown
(DBN)

99 Cents Only Stores names bankruptcy liquidation manager
(DBN)

Body Shop targets tax bill deal to funnel more cash to creditors
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Fitness:

Court Approves BowFlex Inc. Purchase Agreement by Johnson Health Tech
(DBN)

Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers
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Tech:

Trump Media shares plunge more than 15% after company files to issue additional DJT stock Donald Trump Poses a Unique Threat To Truth Social, Says Truth Social
(DBN)

Apple Faces Worst iPhone Slump Since Covid As China Rivals Rise
(DBN)

Tesla 'Layoffs' Spell Bad News for Elon Musk
(DBN)

Zuckerberg Avoids Personal Liability in Meta Addiction Suits
(DBN)

'The best and only path available:' Casa Systems files for Chapter 11 bankruptcy
(DBN)

Elon Musk says new X users have to pay to tweet
(DBN)

DeepMind CEO Says Google Will Spend More Than $100 Billion on AI
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Sovereigns:

IMF Ghana deal: Gov’t will be more aggressive with external creditors – Finance Minister
(DBN)

Sri Lanka Aims to Reach Deal With Bondholders in Next Few Weeks
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UK:

North West sees second highest insolvency-related rates in UK during Q1
(DBN)

This Emmy-Winning Animation Company Filing for Bankruptcy Blames the Streaming Service Market for Its Failure
(DBN)

Former British PM Liz Truss says it ‘has to be’ Trump in White House next year
(DBN)

UK ‘needs an Iron Dome’ after wake-up call of Iranian attack on Israel
(DBN)

Avanti wins spectrum debt obligation case
(DBN)

UK Unemployment Jumps to Six-Month High After Economy Cools
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EU:

European Union signals end of free money for poorer countries
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ECB’s Rehn Says Geopolitics Pose Biggest Risk to Rate Cuts
(DBN)

Makhlouf Says June ECB Cut Possible If Inflation Trend Persists
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MENA:

'No Longer A Shadow War': Iran Says Attack On Israel Marks Strategic Shift Israel determined to retaliate after Iran's aerial barrage Quiet before the storm: Is escalating Israel-Iran violence on the way? - analysis Iran upends decades of shadow warfare in direct attack on Israel as tensions mount at home Iran threatens ‘1,500 missile’ strike if Israel launches revenge attack as Middle East risks ‘uncontrollable war’ ‘This Seems to Be a Major Strategic Error on the Part of Iran’ Israel response to Iran attack could be 'imminent' and 'coordinated' with US Israel defense minister to Pentagon: No choice but to retaliate against Iran U.S. urges Israel to "be careful and strategic" regarding response to Iran attack Israeli war cabinet reviewed military plans for a potential response against Iran, but it’s unclear if there was a decision Biden gets pushback over telling Israel to avoid counterattack on Iran World leaders urge Israel not to retaliate for the Iranian drone and missile attack Iran’s Attack on Israel Sparks Race to Avert a Full-Blown War Arab states unexpectedly helped Israel fight off Iran's attack How the U.S. Forged a Fragile Middle Eastern Alliance to Repel Iran’s Israel Attack - WSJ Saudi Arabia acknowledges helping defend Israel against Iran
(DBN)

Israeli military renews warnings to Palestinians not to return to war-torn northern Gaza
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State Department condemns West Bank violence between Palestinians, Israeli settlers
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Hamas demands written commitment that Israel will withdraw from Gaza
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Russia:

192 business bankruptcies in Ukraine amid global economic slowdown during Q1 2024
(DBN)

Iran's attack on Israel could be bad for Russia's war in Ukraine
(DBN)

Russia Is Trying to Force Ukrainians to Abandon Their Second-Biggest City
(DBN)

Russian Crude Shipments Surge to the Highest in Almost a Year
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Singapore:

Why help distressed businesses? Courts offer 'rehab' for companies in a troubled world
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China:

China’s Economy, Propelled by Its Factories, Grew More Than Expected
(DBN)

China Industry Has Lowest Capacity Utilization Since Covid Hit
(DBN)

China Home Prices Fall as Slump Shows Few Signs of Abating
(DBN)

Property Developer Times China Receives Winding-Up Petition in Hong Kong
(DBN)

PwC Denies Anonymous Evergrande Letter Allegations, Plans Investigation
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