April 2, 2024

The Daily Bankruptcy News

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Law:

Weekly performance meetings in glass room visible to others were retaliatory, plaintiff says in suit against Morgan Lewis
(DBN)

Ballooning Nonequity Tiers Will Require Law Firms to Manage Ranks Closely
(DBN)

Biglaw Mental Health Needs To Be About More Than Just ‘Puppy Yoga’
(DBN)

Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype
(DBN)

Biglaw Firm's Group Lateral Hire Results In Closure Of Nearly 50-Year-Old Boutique
(DBN)

With High Interest in Law Firm Acquisitions, 'A Likely Uptick' in Mergers Underway
(DBN)

Kramer Levin Finds 'A Good Year in a Difficult Environment,' With Revenue Rising 3.3%
(DBN)

Alex Murdaugh sentenced to 40 years in prison for federal financial crimes Murdaugh 'abused and stole' from clients, gets nearly double feds' recommended sentence
(DBN)

Relying on ‘secret evidence’ to deny visa for spouse violates due process, ABA says in SCOTUS amicus brief
(DBN)

Florida on Brink of Major Abortion Decision Florida Court Allows 6-Week Abortion Ban, but Voters Will Get to Weigh In Biden Campaign Sees Opportunity in Florida Abortion Ballot Measure Florida’s abortion ruling puts Trump on the spot over DeSantis’ bans With Abortion Ballot Question, a ‘Path to Relevance’ for Democrats in Florida? A ‘divinely created’ being: States try to define fetal personhood The Next Attack on Medication Abortion Just Has to Be a Little Less Stupid
(DBN)

Arizona GOP advances bill legalizing killing undocumented migrants on suspicion of trespassing
(DBN)

Why is Sam Bankman-Fried treated more leniently than someone facing illegal immigration charges?
(DBN)

Hope Hicks to testify in Trump hush money trial: report The Trump Trials: The Calm Before the Stormy Donald Trump trial: Other woman involved is a Playboy model who made 'affair' claims
(DBN)

Trump’s Attacks on Judges and Prosecutors Are Dangerous. Gag Him Completely Trump ramps up attacks on judges, sparking concerns as criminal trial nears Trump Attacks Judge's Daughter, Claims Media Signed His Permission Slip Trump’s gag order in hush money case expanded to include judge’s family Expanded gag order lays down the law as Trump returns to campaign trail Trump plots to remove judge in hush money case over his daughter's political activities Donald Trump Chooses To Antagonize Yet Another Judge Trump needs stronger gag for 'reprehensible rhetoric' in hush money case: DA Manhattan DA, hush-money defense, intensify war over Trump attacks on judge's daughter
(DBN)

Mueller's ex-top lieutenant suggests Trump bail should be revoked over tied-up Biden image
(DBN)

Trump posts $175 million bond in New York civil fraud case Trump $175 Million Bond Arranged by Billionaire Supporter’s Firm 'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond
(DBN)

Don’t Overlook the Power of the Civil Cases Against Donald Trump
(DBN)

'Without merit': Imprisoned Peter Navarro loses bid not to turn over presidential records Navarro's loss on Presidential Records Act appeal may warrant attention from Trump, Cannon
(DBN)

Hunter Biden loses attempt to dismiss tax charges
(DBN)

DeSantis wins in court over migrant flights, but legal skirmish far from over
(DBN)

Oregon Is Recriminalizing Drugs. Here’s What Portland Learned.
(DBN)

Manhunt for ex-MTV reality star ends with arrest after more than a year
(DBN)

New video shows teen kidnap victim gunned down by cops as she ran toward them for help
(DBN)

Woman arrested after shoplifting more than $1K from Walmart as part of 'game,' cops say
(DBN)

Uvalde mayor abruptly resigns, citing health concerns
(DBN)

Truck driver admits to taking cocaine, smoking marijuana before fatal crash: Cops
(DBN)

Produce wholesaler busted for hiring hitman for $5K to murder business rival, feds allege
(DBN)

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Judges:

Conservative Texas district court won't implement anti-judge shopping policy
(DBN)

‘Venue Is Not a Continental Breakfast’: Judge transfers case as district declares it won’t adopt anti-‘judge shopping’ policy
(DBN)

Blaming Word setting for overlong briefs is ‘somewhat hard to believe,’ federal judge says as she tosses footnotes
(DBN)

Trump’s attacks on judges and their families threaten us all
(DBN)

Republican-appointed judges raise alarm over Trump attacks on law
(DBN)

Judge Tests Positive For Coke, Gets Bond Revoked
(DBN)

Chief Justice Roberts Tried To Save The Credibility Of The Judiciary, But Some Judges Just Want To Watch The World Burn
(DBN)

This Supreme Court Justice Is 'Annoyed' By The Court's Focus On History
(DBN)

AI to Make Originalist Historical Analysis Easier, US Judge Says
(DBN)

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Wall Street:

Dow futures fall more than 100 points as slow start to new quarter continues
(DBN)

Crash or Soar? Traders Are Preparing for Stock Market Extremes
(DBN)

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Layoffs:

Teacher Layoffs Increasing Across U.S.
(DBN)

Citi to lay off 430 employees in New York
(DBN)

Nokia axing up to 14,000 jobs in bid to slash costs
(DBN)

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Pharma:

Eiger Biopharmaceuticals Files for Chapter 11 Bankruptcy
(DBN)

Acorda Therapeutics shares sink nearly 40% after bankruptcy filing Merz makes a $185m bid for assets from bankrupt Acorda
(DBN)

Will Medicare raise your monthly premiums to cover Wegovy?
(DBN)

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Crypto:

Sam Bankman-Fried says he never thought what he was doing at FTX was illegal FTX founder Sam Bankman-Fried speaks out after sentencing: 'I'm haunted, every day, by what was lost' Sam Bankman-Fried Now Feels Remorse for His Actions After Getting a 25-Year Prison Sentence
(DBN)

A prominent FTX creditor is seeking to recover millions for victims
(DBN)

Insider Misconduct Accounted For 47% Of Losses In March Crypto Security Incidents
(DBN)

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Newspapers:

A Kansas paper and its publisher are suing over police raids. They say damages exceed $10M
(DBN)

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Education:

Diversity programs vanishing from U.S. campuses amid culture wars
(DBN)

Gen Z isn't sure higher education is worth it — and it might be taking a toll on Harvard
(DBN)

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Retailing:

How Will Macy’s Survive - A Sign Of Hard Times For Department Stores
(DBN)

They handed luxury retailer Pirch money and trust. Now customers want their money back
(DBN)

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Media:

Transparent Vice
(DBN)

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Trucking:

Pride Group’s bankruptcy filing underscores impact of trucking downturn
(DBN)

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Food/Beverage:

Once considered a Louisiana success story, this company is now weighing bankruptcy
(DBN)

Casual Dining Restaurant Chain With 650 Locations Now Facing Bankruptcy
(DBN)

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Agribusiness:

Bankruptcies, lower ag land values mark new Calif. chapter
(DBN)

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Economy:

ISM® Manufacturing index Increased to 50.3% in March
(DBN)

The market sees a less-than-50% chance of a June rate cut after hot factory data
(DBN)

Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations
(DBN)

Rate cut whiplash: How the economic narrative has shifted
(DBN)

California fast-food workers are now making $20 an hour. Other businesses might have to catch up
(DBN)

Frenzied Company Bond Sales Show Few Signs of Letting Up in US
(DBN)

Biden to travel to Baltimore on Friday to visit bridge collapse 2 ship companies are invoking a 200-year-old law to try to skirt huge legal liabilities from the Baltimore collision Ship Owner in Bridge Collapse Seeks $44 Million Liability Limit Will MAGA Republicans Block Baltimore’s Rebuilding? Baltimore’s economy has been humming. Then a bridge collapsed
(DBN)

Why are Americans so unhappy?
(DBN)

I’m an Economist. Don’t Worry. Be Happy.
(DBN)

A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
(DBN)

UBI: A Massachusetts city is giving families at risk of losing their homes $750 a month, no strings attached
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing April 1st Weekly Update: Inventory Up 0.9% Week-over-week, Up 26.0% Year-over-year
(DBN)

The Realtors settlement is already changing the way some Americans buy and sell homes How will the National Association of Realtors settlement affect the cost of selling or buying a home?
(DBN)

More than 1 in 3 February home purchases were made with cash: Report
(DBN)

ICE Mortgage Monitor: The Impact of "Golden-Handcuffs" on Mortgage Payments
(DBN)

Here’s how much income you need in every state to afford a median-priced house
(DBN)

Study: Americans need a six-figure salary to afford a typical home in nearly half of U.S. states
(DBN)

Construction Spending Decreased 0.3% in February
(DBN)

Feds Want to Seize This $7 Million Condo in a Luxe Trump Building
(DBN)

US Wants to Seize Luxury NYC Apartment Linked to Ex-Congo Leader
(DBN)

It’s cheaper to rent than buy a starter home in top 50 US metros: Report
(DBN)

His Brownstone Is Worth $5.4 Million. Why Is His Tax Bill So Low?
(DBN)

Company that owns 6 Pa. shopping centers exits bankruptcy
(DBN)

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Oil/Gas:

Oil Hits $85 for First Time Since October as Market Tightens
(DBN)

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Celebs:

Elon Musk Has Entered the ‘Please Clap’ Stage of His Megalomania
(DBN)

Instacart driver fatally shoots dog belonging to actor Angie Harmon
(DBN)

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Tech:

Truth Social owner Trump Media lost $58M, generated very little revenue in 2023, company disclosed Truth Social Lost More Than $100 Million in Two Years ‘Anti-woke not especially lucrative’: Filing shows Truth Social lost millions last year Truth Social shares go into freefall after investors learn how much money it really makes $2 billion of value wiped away in hours How many users does Donald Trump's social media company have? He won't say. Trump Media plunges more than 25% after company reports net loss of $58 million in 2023 Trump Media Shares Slump as Early Fervor Fades Trump is worth a billion dollars less — on paper — after Truth Social shares tumble Late Night Assesses Donald Trump’s Slumping Media Company
(DBN)

The Lonely Crowd: 40% Of Adults Go Days Without Face-To-Face Interaction
(DBN)

Will A.I. Boost Productivity? Companies Sure Hope So.
(DBN)

Silicon Valley used to reward innovation. Now it strives to sabotage it.
(DBN)

Why it's already too late to stop the AI apocalypse
(DBN)

Apple Flirts With Support Levels After Worst Quarter in a Decade
(DBN)

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Logistics:

UPS to replace FedEx as U.S. Postal Service’s primary air cargo provider
(DBN)

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Healthcare:

Person in Texas contracted bird flu after exposure to infected cows
(DBN)

Senate investigating whether ER care has been harmed by growing role of private-equity firms
(DBN)

California’s AB 3129 Continues National Trend of Scrutinizing Private Equity Investments in the Health Care Industry
(DBN)

Health Insurers Tumble as Final Medicare Advantage Rates Disappoint
(DBN)

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Transportation:

Transportation spending surges to historic levels. Will US get historic results?
(DBN)

Hundreds rescued after part of California’s Highway 1 collapses in landslide
(DBN)

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Politics:

Trump’s potential stock earnout could bring outside pressure if he’s president, experts say
(DBN)

Trump trials timeline: Jan. 6, Georgia and classified docs cases in limbo
(DBN)

The former Trump aides who would rather not see him on the ballot
(DBN)

McConnell: I’ll stay in the Senate and fight the GOP ‘isolationist movement’
(DBN)

Is a Biden comeback quietly underway?
(DBN)

'Uncommitted' Democrats may dump Biden over the war in Gaza. They say it's not their fault if Trump wins.
(DBN)

A Transgender Holiday Fell on Easter. Republicans Lashed Out at Biden. Egg Board says White House Easter policy existed under Trump after conservative attacks FactCheck: “Joe Biden banned ‘religious themed’ eggs at the White House’s Easter Egg design contest for kids.” The politics of religion as Trump sells Bibles and Biden is criticized over Easter eggs
(DBN)

Congress makes it easier Trump's small-dollar donations plummeted as he hounded his base for cash: analysis
(DBN)to track threats to members
(DBN)

Senate rankings: 5 seats most likely to flip
(DBN)

RFK Jr. campaign says it has qualified for ballot in North Carolina
(DBN)

Greene goes after Johnson on border, says he ‘completely surrendered’
(DBN)

Trump's small-dollar donations plummeted as he hounded his base for cash: analysis
(DBN)

For Trump, belief in God means votes and money
(DBN)

Biden calls Johnson ‘uninformed’ over Easter criticism
(DBN)

Republicans are rushing to defend IVF. The anti-abortion movement hopes to change their minds.
(DBN)

Abortion and marijuana will be on the ballot this year in a key swing state
(DBN)

Here’s where the polling stands in a 3-way race with Biden, Trump and RFK Jr.
(DBN)

RFK Jr. says he can ‘make an argument’ that Biden is ‘greater threat’ to democracy than Trump
(DBN)

Tennessee lawmakers vote to ban geoengineering, with allusions to 'chemtrails' conspiracy theory
(DBN)

Lara Trump Furious at Song Mocking Her Singing Career
(DBN)

Gerrymandering Isn’t New—But Now We Have a Solution
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (57 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Popularity of Subchapter V Bankruptcy Filings
(DBN)

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Safe Harbors:

Seventh Circuit Addresses Scope of Section 546(e)
(DBN)

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Mass Torts:

Diocese of Sacramento officially files for Chapter 11 bankruptcy Diocese of Sacramento files for Chapter 11 bankruptcy Catholic Diocese of Sacramento files for bankruptcy, survivor group objects Sacramento latest California diocese to file for bankruptcy
(DBN)

Advocates, survivors urge Iowa to lift civil statute of limitations as Boy Scout bankruptcy deadline looms
(DBN)

Survivors of Sex Abuse Ask Louisiana High Court to Open Window to Sue
(DBN)

Another J&J Talc Trial Opens in Florida: 'This Fundamentally Is a Case About Science'
(DBN)

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Aviation:

Bankrupt charter airline iAero to cease operations
(DBN)

Spirit Airlines will get paid up to $200 million — all to not fly its planes
(DBN)

United asks pilots to take unpaid time off, citing Boeing’s delayed aircraft
(DBN)

A British Airways jet came 'extremely close' to a drone that was flying 24 times above its legal maximum altitude, report says
(DBN)

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Autos:

Wall Street nervously eyes Tesla's Q1 delivery numbers
(DBN)

Judge denies Tesla's bid to stop lawsuit alleging Black workers were targeted at factory
(DBN)

How Will Self-Driving Cars Handle Jaywalkers?
(DBN)

EV startup Fisker is dying and 1 of its $69,000 cars lost 69% of its value in just 2 months
(DBN)

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Climate:

From Miami to Melbourne, a quiet revolution is underway to fend off a silent and invisible killer
(DBN)

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Cannabis:

Florida Supreme Court approves ballot measure to legalize recreational marijuana
(DBN)

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Recreation:

28 deaths at a California skydiving center, but the jumps go on
(DBN)

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UK:

Thames Water hires restructuring advisers amid fears of collapse
(DBN)

Construction industry struggles as insolvency rates reach record high, putting pressure on supply chains
(DBN)

MD Law grows insolvency and restructuring team
(DBN)

Interpath Advisory Faces Losses as Middleton Family Business Collapses
(DBN)

Rishi Sunak backs JK Rowling's right to free speech as Scotland's hate crime laws come into force: PM says 'people should not be criminalised for stating simple facts on biology' after author dared police to arrest her for 'misgendering'
(DBN)

UK Mortgage Approvals Jump in Sign of Strength in Housing Market
(DBN)

Pound Nears Four-Month Low as BOE Seen Cutting Rates Before Fed
(DBN)

UK Billionaire Lewis Deserves Leniency for Insider Tips, US Says
(DBN)

UK Shop Inflation Tumbles in Another Positive Sign for Rate Cuts
(DBN)

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EU:

ECB Says Consumer Inflation Expectations Declined in February
(DBN)

Survey of Resolution and Restructuring in Europe: Pre- and Post-BRRD
(DBN)

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MENA:

Strategic blow: Alleged Israeli airstrike takes out Iranian general in Damascus Iranian consulate in Damascus flattened in suspected Israeli air strike Oil prices rise amid reports Iranian consulate hit by missile strike in Damascus Iran Says the U.S. and Israel Must Answer for Deadly Strike in Damascus Iran Says Sent US Message Over Deadly Israeli Strike on Compound
(DBN)

US considers major new weapons sale to Israel
(DBN)

Key food aid group says it's pausing Gaza operations after 7 workers killed in Israeli airstrike
(DBN)

Pressure Is Building on Netanyahu From All Sides Outside Israel’s Parliament, Protesters Explain Why Netanyahu Must Go
(DBN)

Trump’s Call for Israel to ‘Finish Up’ War Alarms Some on the Right
(DBN)

A major issue in cease-fire talks: How can people displaced from northern Gaza go back?
(DBN)

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Haiti:

Haiti declared 'open-air prison' as gang violence reaches 'apocalyptic' levels Cindy McCain says hunger in Haiti is ‘catastrophic’ amid gang violence
(DBN)

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Russia:

Russia ramps up forces with 150k called up in spring conscription drive
(DBN)

What to know about Havana Syndrome after investigation links illness to Russia Moscow nexus revealed during '60 MINS' Havana Syndrome investigation
(DBN)

Johnson eyes Russian assets in Ukraine funding fight House Speaker Johnson Searches for Compromise to Speed Ukraine Aid
(DBN)

US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them
(DBN)

Russian LNG Expansion Plan at Risk Due as US Sanctions Delay Exports
(DBN)

Drones Strike Russia’s Tatarstan Region, Far From Ukraine Border
(DBN)

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China:

China Vanke Gets First Hong Kong Sell Rating as Pressure Mounts
(DBN)

Xi’s Cryptic Bond Comments Hint at PBOC Becoming More Like Fed
(DBN)

China’s Advancing Efforts to Influence the U.S. Election Raise Alarms
(DBN)

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Germany:

Bankrupt German department store chain in talks with new investors
(DBN)

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Peru:

A $15,000 Rolex Threatens to Worsen Peru Leader’s 9% Approval Rating
(DBN)

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Argentina:

Argentina Defeats Hedge Fund Suits Over GDP-Linked Securities
(DBN)

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India:

Govt aims to reduce admission time under insolvency code to 3 months from current 600 days: Official
(DBN)

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Australia:

Navigating statutory demands and the presumption of insolvency
(DBN)

Aussie tech company on the brink with $37m owed to creditors, administrators appointed
(DBN)

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