April 4, 2024

The Daily Bankruptcy News

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Law:

Kirkland Leaves Rivals in Dust in Big Law’s Great Growth Race
(DBN)

2025 U.S. News Top 25 Law School Rankings
(DBN)

Bar Exam National Mean Score Is Up (But Still Lower Than In Prior Years) Bar exam data bodes well for February pass rates, after a two-year slump
(DBN)

Recruiter Major Lindsey blackballed associate for suing law firm, showing ‘bogus’ commitment to diversity, suit alleges
(DBN)

KLDiscovery Cites Concerns Over 'Ability to Continue'
(DBN)

Sugerdaddymeet.com
(DBN)

US law firm pokes fun at failed merger with A&O, drawing parallels to Royal rift and warm British beer
(DBN)

A Rising Star Of The Supreme Court Bar: Easha Anand
(DBN)

Amid lagging associate hires, why these law firms bucked the trend
(DBN)

Skadden Names New Partners
(DBN)

Why Are Law Schools Outsourcing Student Services to the Federalist Society?
(DBN)

Finance Bro Explains 'HOW TO HIRE GOOD ATTORNEYS' -- Actually Good Attorneys Laugh Hysterically
(DBN)

State affirmative-action bans decreased racial diversity by up to 47% at top public law schools, study finds
(DBN)

Anti-Trump lawyer George Conway gives $900,000 to Biden
(DBN)

Trump finds new ways to get around gag order and attack judge’s daughter Trump shares false claims about hush-money judge's daughter in possible violation of gag order Trump has left his attacks on his hush-money judge’s daughter online. A similar move once earned him a gag-order violation Manhattan DA lambastes Trump effort to remove judge in hush-money case Manhattan DA uses Trump's 'own incessant rhetoric' against him after publicity complaint
(DBN)

N.Y. judge denies Trump's bid to delay hush money trial
(DBN)

Seizing Donald Trump's Assets: The Excisable Eight
(DBN)

Rejected and 'returned for correction': Docs for Trump's $175M bond get bounced 'All is not what it seems': Legal expert explains rejected document in Trump fraud case
(DBN)

Jack Smith airs frustration with Cannon’s embrace of ‘fundamentally flawed’ instructions Jack Smith’s ‘blistering’ response to Judge Cannon may ‘remove her from the case’: experts Special Counsel Threatens To Go To 11th Circuit, Reminds Judge Cannon What Happened The Last Time Jack Smith blasts 'fictional' Trump defense, says Mar-a-Lago judge 'must' rule 'promptly' Prosecutors in Trump’s classified documents case sharply rebuke judge’s unusual and ‘flawed’ order Special counsel rips judge's jury instructions request in Trump classified documents case Why Ty Cobb doesn’t buy Judge Cannon’s ‘incompetence’ US pushes back on judge over Trump claim that classified records he kept were personal Trump documents case was seen as cut and dry, but frustration is mounting with judge’s slow pace Clerking For Judge Cannon: A Behind-The-Scenes Look
(DBN)

Jack Smith Finds Multiple Witnesses to Speak Out Against Donald Trump
(DBN)

Proud Boy can't show 'pressing need' to join push to halt Trump Jan. 6 civil claim: Motion
(DBN)

Jan. 6 lawsuit alleging intimidation under KKK Act must be delayed indefinitely: Trump
(DBN)

DA blasts Trump for trying to delay hush money trial over publicity he’s ‘actively seeking’
(DBN)

Is Antifa a gang? Trial in street brawl at pro-Trump rally opens a landmark legal test
(DBN)

QAnon conspiracy theorist accused in Atlanta FBI attack: report
(DBN)

Proud Boy who wore 'Right Wing Death Squad' on Jan. 6 found guilty
(DBN)

Federal judge slams "normalization" of Capitol riot
(DBN)

Man who used megaphone to lead attack on police during Capitol riot gets more than 7 years in prison
(DBN)

GOP isn't backing Trump's presidential immunity claim: analysis
(DBN)

The 2024 US Election Is Already Being Fought in the Courts
(DBN)

Nebraska’s proposed transgender athlete bill is constitutional, state AG says
(DBN)

Poll: Most Against Criminalizing Abortion
(DBN)

‘Maybe Texas went too far’ with immigration law, state lawyer tells federal court
(DBN)

A mom called 911 to get her son mental health help. He died after police responded with force
(DBN)

DOJ announces nearly $80 million to help communities fight violent crime
(DBN)

‘Not a solution’: Fort Lauderdale debates how to enforce Florida’s new homeless law
(DBN)

Woman charged after toddler found carrying more than 4 pounds of cocaine in backpack: Cops
(DBN)

More Americans say Jews, Muslims face "a lot" of discrimination: Poll
(DBN)

Man Arrested For Easter Bible Belting Of Walgreens Worker, Cops Say
(DBN)

In one of L.A.'s largest cash heists, burglars steal as much as $30 million. Mystery surrounds case
(DBN)

Another woman punched in face in Manhattan amidst rash of Tik Tok attacks
(DBN)

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Judges:

Ex-Weil Partner Perez Picked as Houston Bankruptcy Judge Ex-Weil partner selected as new bankruptcy judge in Houston
(DBN)

BK ND AL: Term Law Clerk Opening to United States Bankruptcy Judge
(DBN)

Stephen Breyer: The Supreme Court I Served On Was Made Up of Friends
(DBN)

Former Trump White House Lawyer Predicts ‘Incompetent’ Judge Cannon Will Get Booted from Ex-President’s Docs Trial: ‘The 11th Circuit Will Likely Take Her off the Case’
(DBN)

DeSantis just lost the judicial firewall he boasted about
(DBN)

Why Republican federal judges are fighting among themselves
(DBN)

Federal judge accused of 'judicial misconduct' by Kavanaugh ally for talking Trump on CNN
(DBN)

Law School Israel Protest Culture Is ‘Cancer,’ Fifth Circuit Judge Says
(DBN)

Top Dems Hope Sotomayor Learns Lesson From Ginsburg's Death Sonia Sotomayor's Retirement Is A 'Personal Decision': White House
(DBN)

Cold-Hearted Judge Demands State Kill People Faster
(DBN)

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Wall Street:

Stock futures mixed following third straight day of losses for the Dow US futures tick up as traders wait for March job numbers
(DBN)

Dow closes lower for a third day as stocks’ second-quarter woes continue
(DBN)

Trump Media is the most expensive U.S. stock to short — by far
(DBN)

The US IPO Engine Looks Ready to Speed Ahead in Second Quarter
(DBN)

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Layoffs:

Amazon is cutting hundreds of jobs in its cloud computing unit AWS
(DBN)

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Autos:

Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14
(DBN)

"Unmitigated disaster": What's behind Tesla's Q1 delivery stunner
(DBN)

Brand new Cybertruck owner left fuming when his $82,000 EV breaks down with critical fault just seconds after pulling out of the lot: 'Elon, what are you doing bro?' Not even Elon can save EVs from disaster
(DBN)

Understanding the slow and messy switch to electric cars
(DBN)

How to Address Resistance to Electric Cars
(DBN)

EV startup Fisker is even having trouble with its doors as it faces bankruptcy Fisker withdraws financial guidance as talks to save itself continue
(DBN)

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Retailing:

The great myth about dollar stores
(DBN)

Express in talks with lenders to finance bankruptcy filing - report
(DBN)

Nearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
(DBN)

Amazon's no-checkout flop shows AI's limits
(DBN)

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Healthcare:

Nurses protest Hazel Hawkins decision to oppose bankruptcy
(DBN)

Seniors to Lose Some Benefits After Medicare Advantage Cuts
(DBN)

Women Traveling to Mexico for Abortions
(DBN)

The Healthiest Cities in America
(DBN)

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Trucking:

Heavy Truck Sales Decreased in March
(DBN)

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Food/Beverage:

What the ASAP/Waitr bankruptcy says about the future of restaurant tech Uber Eats and DoorDash rival files for bankruptcy after 11 years and customers will immediately lose options
(DBN)

103-Year-Old Meat Producer Forced To Seek Bankruptcy Protection
(DBN)

Waymo self-driving cars are delivering Uber Eats orders for first time
(DBN)

Top food and beverage CEO downplays threat of weight loss drugs on the industry
(DBN)

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Economy:

Fed's interest rate cut outlook grows even murkier Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates
(DBN)

Einhorn thinks inflation is reaccelerating
(DBN)

ISM® Services Index decreases to 51.4% in March
(DBN)

Immigration Helps US Jobs Grow Faster Than Powell’s Speed Limit
(DBN)

How Far $100 Goes at the Grocery Store After Five Years of Food Inflation
(DBN)

Private payrolls increased by 184,000 in March, better than expected, ADP says U.S. private sector hiring picks up again in March
(DBN)

Yellen heads to China to fight a green trade war the U.S. may not win
(DBN)

The 12 top cities in the US where everyone is moving
(DBN)

The safety net program trapping people in poverty
(DBN)

Tired of late messages from your boss? A new bill aims to make it illegal.
(DBN)

The world is scarred from China shock 1.0. They're not about to let 2.0 happen so easily China has flooded the market with so many solar panels that people are using them as garden fencing
(DBN)

Visualizing the Growth of $100, by Asset Class (1970-2023)
(DBN)

America’s Top Companies by Revenue (1994 vs. 2023)
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

Millennials now biggest group of homebuyers: Report
(DBN)

US Homeowners See Biggest Property Tax Rise in Five Years
(DBN)

Florida Housing Market Warning Issued
(DBN)

WeWork Swings the $8B Bankruptcy Rent Ax
(DBN)

Asking Rents Mostly Unchanged Year-over-year
(DBN)

Return-to-office delays burden regional bank real estate portfolios
(DBN)

U.S. states are cutting off Chinese citizens and companies from land ownership
(DBN)

What tenants should know about Biden’s plan to cap rent increases in some units
(DBN)

“California Forever,” the Billionaire-Backed City No One Asked For
(DBN)

Capital City Mall emerges from bankruptcy
(DBN)

Nate Paul throws two more properties into bankruptcy, amid indictments
(DBN)

Texas Homeowners Warned About Using Force Against Squatters
(DBN)

Bankruptcy judge’s ruling a blow to Souki, Ajax Holdings
(DBN)

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Municipalities:

Bill said to be needed to avoid USVI default languishes
(DBN)

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Sports:

Bankruptcy and Baseball: An Uncertain Media Landscape
(DBN)

Taxpayers Refuse To Pay New Stadium Expenses for Billionaire Sports Owners When voters say ‘no’ to new stadiums, what do professional sports teams do next?
(DBN)

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Tech:

The 19th Century Idea that Could Help Fix Big Tech
(DBN)

AI security is a new battle between employers and workers, survey shows
(DBN)

Hackers force AI chatbots to break their own rules
(DBN)

Apple is exploring personal home robots after ditching car project: Report
(DBN)

Shvartsman brothers plead guilty to insider trading on Trump Media merger plans Trump Media cofounders were limited to coach flights and lodging under $150 a night while establishing the former president's media empire
(DBN)

Deepfakes Are Coming for the Financial Sector
(DBN)

The FCC will vote to restore net neutrality later this month
(DBN)

NYC’s AI chatbot was caught telling businesses to break the law. The city isn’t taking it down
(DBN)

Elon Musk Says He’s Boosting Tesla Pay to Stop OpenAI From Poaching
(DBN)

Bankruptcy Judge Rejects ISP Frontier Communications’ Dismissal Arguments in Long-Running Infringement Battle
(DBN)

Chapter 11 bankruptcy underscores open RAN tailspin
(DBN)

C1 Reportedly Close to Chapter 11 Bankruptcy Filing C1 Announces Agreement with Lenders and Other Stakeholders to Significantly Reduce Debt and Boost Liquidity, Enabling Company to Invest for Growth
(DBN)

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Pharma:

More Americans forgoing ADHD meds as shortages drag on
(DBN)

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Education:

Colleges are lawyering up to avoid becoming the next Harvard
(DBN)

The sticker price at some colleges is nearing $100,000 per year, but many families pay a lot less
(DBN)

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Agribusiness:

Bird Flu Spooks Meat, Milk Traders as Virus Hits Dairy Cows Largest fresh egg producer in U.S. finds bird flu in chickens at Texas and Michigan plants
(DBN)

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Crypto:

“Head Of Legal And Compliance” For Multibillion-Dollar Cryptocurrency Pyramid Scheme “OneCoin” Sentenced To Four Years In Prison
(DBN)

Bitcoin mining sector expects stability amid decrease in bankruptcies
(DBN)

He Emptied an Entire Crypto Exchange Onto a Thumb Drive. Then He Disappeared
(DBN)

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Politics:

Trump wants to deny Biden's easiest reelection path by pushing a last-minute change in Nebraska's election law
(DBN)

Trump, RNC report raising $65.6 million in March
(DBN)

Trump wants "Christian visibility day"
(DBN)

As general election heats up, Trump camp prepares to be frozen in court
(DBN)

Newsmax Deletes Post Criticizing Trump’s ‘Animals’ Comment After It Sparks Internal Furor and Wrath of MAGA Right
(DBN)

Donald Trump Stung in Primary As Huge Number of Republicans Vote Against Him
(DBN)

Trump's statement on murder victim Ruby Garcia cribbed words from N.Y. Post obit: report
(DBN)

Trump Courts Palm Beach Billionaires as Power of His Rallies Fades
(DBN)

Democrats' fundraising surge flows down ballot
(DBN)

What I Saw Working at The National Enquirer During Donald Trump’s Rise
(DBN)

Biden's New York critics to submit blank ballots over Gaza war "Uninstructed": Wisconsin voters cast anti-war protest votes against Biden
(DBN)

Here’s where the Biden-Trump polls stand in 7 swing states
(DBN)

Ted Cruz warns Democrats have sights set on Texas in November
(DBN)

House GOP looks beyond impeachment for new Biden targets
(DBN)

MAGA congressional candidate: Michelle Obama might be a man, bring back Aunt Jemima
(DBN)

Greene keeps alive campaign to oust Johnson and warns against new push for Ukraine aid Greene says Speaker Johnson is a ‘Democrat,’ comparable to Nancy Pelosi
(DBN)

1 in 5 Americans think violence may solve U.S. divisions, poll finds
(DBN)

FactCheck: “Since Joe Biden took office, crime has skyrocketed across our country.”
(DBN)

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Meme Stocks:

GameStop saga ends. Winner: capital markets
(DBN)

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Utilities:

Electric grid woes foretell risk of blackouts
(DBN)

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Banking:

Switzerland Is Reworking Its Rulebook to Stop Another Banking Meltdown
(DBN)

Winners of 2023 Bank Crisis Are Finding the New Spotlight Harsh
(DBN)

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Radio:

A Collapsed 2019 Deal Is Turning Up In 2024 As Part Of Rocking M’s Bankruptcy Case.
(DBN)

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Fraud:

March 2024 Ponzi Scheme Roundup
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (48 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Business Bankruptcies Jump as Slow Wave of Failure Speeds Up
(DBN)

BK WD NY: Caseload Data Month ending March 2024
(DBN)

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Plan Releases:

Terms of Confirmed Chapter 11 Plan Prohibit Malpractice Claim Against Debtor’s Counsel
(DBN)

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Subchapter V:

Subchapter V Trustee Fees Protected as Administrative Expenses Outside the Ordinary Course of Business
(DBN)

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LLCs:

Texas Bankruptcy Court Holds That Bankruptcy Code Overrides Delaware Limited Liability Company Act
(DBN)

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Discharge:

Recoupment Survives the Discharge Injunction Permitting Dollar-for-Dollar Recovery on a Prepetition Debt
(DBN)

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Limitations:

Bankruptcy Court Holds that Bankruptcy Rule 9006(b) Permits Bankruptcy Courts to Extend Statutes of Limitations
(DBN)

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Mass Torts:

Lawyer for committee members appeals $400,000 fine for exposing identity of chaplain with history of sexual abuse Lawyer for sex abuse victims says warning others about chaplain didn't violate secrecy order
(DBN)

Sacramento Diocese files for bankruptcy due to 'sickening sin' of church sex abuse
(DBN)

Lawmakers advance bill to help Boy Scout abuse victims
(DBN)

Netflix docuseries on abuse allegations at New York boarding school prompts fresh investigation
(DBN)

Written Statement of Anthony Casey to the Subcommittee on Federal Courts, Oversight, Agency Action, and Federal Rights of the Committee of the Judiciary of the United States Senate
(DBN)

The Flawed Arguments Against Bankruptcy Releases
(DBN)

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Indemnification:

Fifth Circuit's German Pellets Opinion: Risks of Nonparticipation in Bankruptcy for Creditors
(DBN)

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Arbitration:

Delaware Bankruptcy Judge Declines to Order Arbitration of Key Pension Claims
(DBN)

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Venue:

Predictably Reliable
(DBN)

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Aviation:

Van's Presents Plan to Climb out Of Bankruptcy
(DBN)

Airlines Desperate for Planes Are Paying Up for Older Models
(DBN)

The Justice Department is meeting with the families of those who died in the Boeing 737 Max crashes as it considers a criminal probe
(DBN)

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Climate:

Handful of producers churn out 80% of post-Paris emissions
(DBN)

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Religion:

The True Cost of the Churchgoing Bust
(DBN)

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Sovereigns:

Ethiopia official creditors to extend deadline for IMF deal, source says Paris Club Extends Ethiopia’s IMF Deal Deadline to June
(DBN)

Zambia negotiating US$ 3.3 billion commercial debt restructuring, after bonds deal
(DBN)

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UK:

Fitch Cuts Thames Water Parent Kemble to Two Steps Above Default Sunak Presses Thames Water to Clean Up Its Own Financial Mess
(DBN)

UK Companies Scale Back Outlook for Pay Rises to Less Than 5%
(DBN)

Thousands face crippling tax demands from HMRC. Two who tried to take their own lives speak out
(DBN)

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Canada:

Canadian authorities have seized 598 stolen vehicles at Montreal port
(DBN)

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Ireland:

‘It’s a lot of money’ – judge aghast at legal fees in former developer Sean Dunne’s US Supreme Court case
(DBN)

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Taiwan:

Dozens are trapped in highway tunnels and rock quarries after the devastating Taiwan earthquake: reports
(DBN)

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MENA:

José Andrés calls aid workers' deaths "direct result" of Israel war policy Aid Workers Killed Were Best of Humanity When José Andrés speaks, Washington listens José Andrés’ Moment of Crisis and Grief ‘Angry’ Biden not changing Israel policy after deadly strike on aid workers UK urged to stop selling weapons to Israel after killing of aid workers UK is breaching international law by continuing to arm Israel, Sunak warned Pressure grows to suspend arms exports to Israel after Brit aid workers killed by IDF strike World Central Kitchen demands an independent investigation of Israeli strikes Fears for Gaza as Aid Groups Halt Work Chef Jose Andres says Israel targeted his aid workers 'systematically, car by car'
(DBN)

Israel is using artificial intelligence to help pick bombing targets in Gaza, report says
(DBN)

White House temperature is "very high" ahead of Biden-Bibi call
(DBN)

Israel Says Large Gaps Remain With Hamas Over Gaza Cease-Fire
(DBN)

Palestinian American doctor walks out of Biden White House meeting to protest US support for Israel Doctor who traveled to Gaza describes how Biden reacted when he walked out of White House meeting
(DBN)

Palestinians want April vote on UN membership despite US saying peace with Israel must come first
(DBN)

Israel and U.S. deeply divided in meeting on key Rafah operation issues
(DBN)

Bye, bye Bibi: Is the game up for Israel's great survivor Netanyahu? Israel’s Protest Movement Re-Emerges With Focus on Bringing Down Netanyahu Netanyahu's coalition moves closer to the brink
(DBN)

Israeli war cabinet member Benny Gantz calls for early elections
(DBN)

State Dept. officials say they had no time to prepare for Afghanistan withdrawal and there was no evacuation plan in place
(DBN)

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Russia:

White House signals opposition to NATO-led weapons group for Ukraine
(DBN)

Ukraine is at great risk of its front lines collapsing
(DBN)

Russia's friends beg EU to leave frozen assets alone
(DBN)

NATO marks its 75th birthday as Russia’s war in Ukraine gnaws at its unity How Much Has NATO Cost the US Over the Past 75 Years?
(DBN)

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Mexico:

Catholic bishops meet with Mexico’s cartel bosses to plead for peace
(DBN)

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Haiti:

Haiti gangs loot national library, threatening historic documents
(DBN)

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China:

Don't write off China: Why one economist says the nation is likely to grow at double the rate of the US in coming years
(DBN)

KKR says China's real estate correction may only be halfway done
(DBN)

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Australia:

Court decision on director's liability for insolvent trading reiterates importance of good recordkeeping and ATO compliance
(DBN)

Insolvency storm hitting ‘vulnerable’ Aussies
(DBN)

Bronte Capital bets big on more companies going insolvent
(DBN)

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South Korea:

Is April real estate crisis on horizon?
(DBN)

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Germany:

German Banks Saw Soured Property Loans Surge in Fourth Quarter
(DBN)

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