April 8, 2024

The Daily Bankruptcy News

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Law:

Finance Docket: Big Deals Are Big These Days
(DBN)

The Last 20 Years Has Been A Time Of Seismic Growth For Biglaw
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Sexism And Harassment In Biglaw Are Nothing New
(DBN)

Clare Locke Sues Ex-Client Kytch Over Move to Breakaway Firm
(DBN)

Elite New York Law Firms Outperformed Market, as Firms Invested in Both Equity, Nonequity Tiers
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Cooley Poaches O'Melveny Bankruptcy Litigation Co-Chair Amid Rise in Restructuring Disputes
(DBN)

Eversheds Sutherland strengthens its restructuring offering with lateral partner hire
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5th Circuit Lifts $239K Sanction Against Law Firm, Says Bankruptcy Judge Abused Discretion
(DBN)

Wisconsin State Bar Changes Diversity Program Language Amid Suit
(DBN)

Carlyle Group’s Top Lawyer Gets Nearly $9 Million Pay Package
(DBN)

With Depression Running Rampant, It’s Time For Law Schools To Step Up When It Comes To Student Mental Health
(DBN)

How AI risks creating a ‘black box’ at the heart of US legal system
(DBN)

Some Job Perks Are Better Than Salary
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Trump lawyers continue to press for delay in classified documents case
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Trump: Would be a "great honor" to be jailed for gag order violation Trump tests his legal limits in series of social media posts
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Trump saved millions by keeping court in dark about billionaire's bond offer: report Trump’s Lawyers Told the Court That No One Would Give Him a Bond. Then He Got a Lifeline, but They Didn’t Tell the Judges Trump NY Bond Just As Kosher As His Financial Statements
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Trump asks judge in Mar-a-Lago case to continue delaying trial Mar-a-Lago judge calls order that caused uproar 'genuine' as she hands Trump disguised win
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Trump subpoena to NBC over Stormy Daniels documentary blocked by judge Trump allowed to formally request hush-money judge's recusal Retired judge says statute cited in Trump's motion raises concerns about judge in hush money case Trump hush-money judge’s latest gag order is retaliation: Analysis
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‘A warning shot across the bow’: Rudy Giuliani bankruptcy judge ominously forecasts even more ‘draconian requests’ as creditors go after Florida condo
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Hunter Biden says push for judge's recusal should fail just like in Trump v. Clinton case
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Former DOJ official who alleged election fraud violated at least one ethics rule, ethics committee says
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Trump Asset Seizure Bracket: The Forfeiture Four
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A window into Trump's 'private' acts on Jan. 6 may be opened by judge
(DBN)

Mayorkas denounces Gov. Abbott's efforts to fortify border with razor wire, says migrants "easily cutting" barriers
(DBN)

New York City to pay $17.5 million to settle suit over forcing women to remove hijabs for mug shots
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Sotomayor allows NYC to deny gun license to 'scofflaw' who didn't disclose arrests
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Abbott defends sending migrants to New York
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Indiana appeals court uses Mike Pence's religious liberty law to block abortion ban
(DBN)

‘They hit the jackpot’: How so-called ‘burglary tourists’ use visa waivers to target luxury US homes
(DBN)

Senator Menendez, Wife Want Luxury Lifestyle Barred at Trial
(DBN)

GOP interference on decades-old gun lawsuit leaves Indiana residents disheartened and angry
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Former N.J. officer alleges department had ticket quota, says he faced retaliation and discrimination from police chief
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Diddy posts seemingly defiant video amid sexual misconduct allegations Sean ‘Diddy’ Combs’ Former Bodyguard Claims Music Mogul Had Tapes of “Politicians” and “Princes” Sean “Diddy” Combs Named As Defendant In Rape Suit Against His Son; Matches Details Of Previous $30M Sexual Assault Action Against Mogul
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Linwei Ding was a Google software engineer. He was also a prolific thief, say federal prosecutors.
(DBN)

Chipotle shooting leaves employee injured after guacamole dispute turns violent
(DBN)

Georgia inmate mailed bombs from prison to D.C. office, Alaska court, feds say
(DBN)

Drunk Disney visitor gets beat up after mocking woman with Down syndrome: Cops
(DBN)

Man kills son, 12, known for reciting MLK speeches, wife before turning gun on self: Cops
(DBN)

Woman who posed as teen to sexually abuse minor was arrested again over more victims: Cops
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Woman 'running late' in nearly 100 mph crash that killed woman, dog, charged: Cops
(DBN)

Eyedrops killer sentenced to life with possibility of parole after 40 years
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TV star sheriff, glamorous wife and their daughter are arrested after 'stealing $5million from taxpayers' as family reportedly spent $327K on vacations and $56K on luxury cigars
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Man who faked his death to avoid child support payments faces years behind bars
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'She got on my nerves': Pre-med student stabbed mom when she answered door, sheriff says
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Man accused of killing cop who stopped to help him with flat tire faces new charge: Cops
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Judges:

Former Justice Stephen Breyer plans return to the bench as visiting judge for appeals court Purposes and consequences: A conversation with Justice Stephen Breyer
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96-year-old judge cites colleagues' 'pattern of harassment' in bid to preserve lawsuit
(DBN)

Nation's Oldest Federal Judge To Celebrate 100th Birthday
(DBN)

Charting The Justices’ Decisions Cutting Across Ideological Lines
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The judges who threw Trump a lifeline are the kind of people he usually loves to hate
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Judge in Trump classified docs case faces mounting scrutiny
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There’s an odd arrogance among members of the US Supreme Court
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Texas Supreme Court justice implies Democrats will cheat in 2024 election
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Wall Street:

Stock futures are little changed to start the new week
(DBN)

Dow closes 300 points higher in Friday rebound, but registers worst week in 2024
(DBN)

Extreme Market Swings Dominate as Hot Economy, Oil Feed Anxiety
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Bull market breaks its stride with the S&P 500′s first 2% dip in a long while
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Layoffs:

Geek Squad Hit with Massive Layoffs
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At least 1,600 job losses at bus manufacturer Van Hool
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Utilities:

PG&E Reinstates Dividend for First Time Since 2017. It’s a Penny a Share.
(DBN)

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Crypto:

Sullivan and Cromwell's Sale of Solana at a Massive Discount Raises Concerns among FTX Creditors FTX discount sale of $1.9 billion locked Solana faces creditor fury
(DBN)

Bankrupt Crypto Lender Genesis Sells 36 Million GBTC Shares To Acquire BTC and Settle Debts
(DBN)

Terraform Labs and founder Do Kwon found liable in US civil fraud trial
(DBN)

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Religion:

Vatican blasts gender affirming surgery, surrogacy and gender theory as threats to human dignity
(DBN)

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Healthcare:

The only ones not feeling eclipse mania: hospitals
(DBN)

There is no loneliness "epidemic"
(DBN)

Whooping cough’s back — and it’s Covid’s fault
(DBN)

Mother, daughter busted for allegedly injecting butt implants without medical license
(DBN)

As Florida restricts treatment for trans adults, one clinic presses on...
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Maritime:

Houthis resume Red Sea missile attacks
(DBN)

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Cannabis:

Don’t punish marijuana workers in bankruptcy proceedings
(DBN)

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Autos:

Tesla's mass EV strategy in question Tesla stock seesaws as Musk denies report cheap EV will be scrapped
(DBN)

The Inside Tale of Tesla’s Fall to Earth What’s wrong with Tesla Tesla’s Market Story Is All About Growth. That’s Now in Question
(DBN)

Tesla accused in lawsuit of cheating California workers out of wages
(DBN)

Elon Musk says Tesla will unveil its robotaxi on Aug. 8; shares pop
(DBN)

40,000 Fisker Customers Canceled Orders
(DBN)

Think Tesla is in trouble? Pity even more its wannabe EV rivals
(DBN)

Few stations and $200 to fill up: Life on California’s ‘Hydrogen Highway’
(DBN)

Volkswagen EVs 'can't keep up' in China, CEO tells newspaper
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Economy:

The March jobs report was as good as it gets — here’s why
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U.S. adds 303,000 jobs in March as unemployment rate dips Here’s where the jobs are for March 2024 — in one chart
(DBN)

Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
(DBN)

Glacial Inflation Slowdown Set to Back Fed Rate-Cut Caution
(DBN)

Angus Deaton won a Nobel Prize in economics. Now he says he got it wrong on globalization.
(DBN)

Fed caution could be justified if the labor market starts to deteriorate
(DBN)

CEOs really seem to hate being CEOs
(DBN)

Biden in Baltimore announces more federal assistance after bridge collapse
(DBN)

Yellen: Cutting off economic relations with China isn't "practical"
(DBN)

The border crisis might be a boon for the economy
(DBN)

10 U.S. states where Americans earn the lowest incomes
(DBN)

Americans are hooked on the fantasy of financial liberation
(DBN)

Joe Biden's Top Economic Advisor Has a Harsh but Realistic Solution to Social Security's Growing Cash Shortfall
(DBN)

Trump Promises Low Taxes for Billionaires
(DBN)

The big flaw in Biden’s billionaire tax proposal, according to experts
(DBN)

Work permits for asylum seekers grow, but undocumented immigrants are left hungry for access
(DBN)

11 ships are trapped behind the Key Bridge, including 4 considered critical to the nation's defense Salvage crews have begun removing containers from the ship that collapsed Baltimore’s Key bridge Baltimore's port could be fully functional by end of May, Maryland's governor says
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US Debt Clock
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World Debt Clock
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Real Estate:

Arrogance, Opacity and Debt Triggered Signa’s Dramatic Collapse
(DBN)

Court clears path for reopening antitrust probe of Realtors group
(DBN)

Charted: What people are sacrificing to afford housing
(DBN)

Insurance companies are now using drones to find reasons to cancel your home insurance
(DBN)

Trump’s Second-Term Blueprint Would Take A Wrecking Ball To Public Lands
(DBN)

Landlord claims bankruptcy to block foreclosure — 2 hours too late
(DBN)

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Oil/Gas:

The Odds of $100 Oil Are Rising as Supply Shocks Convulse the Market
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Climate:

2024 hurricane season's dark omens
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Climate hypocrisy takes center stage in the Amazon
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Heat-trapping carbon dioxide and methane levels in the air last year spiked to record highs again
(DBN)

Big oil is racing to scale up carbon capture to slash emissions
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Water:

Earth’s water future veers into sci-fi territory, researchers say
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Tech:

Elon Musk will be investigated over fake news and obstruction in Brazil after a Supreme Court order
(DBN)

Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
(DBN)

Meta to adjust AI policies on content after board said they were "incoherent and confusing"
(DBN)

Trump Media shares slide 12% to end second week of trading Truth Social lost $58 million last year. Here’s who made money anyway Inside the Truth Social Numbers
(DBN)

Anonymous users are dominating right-wing discussions online. They also spread false information
(DBN)

A super-intelligent AI doomsday is not where futurists see the world going
(DBN)

Why a near-miss cyberattack put US officials and the tech industry on edge
(DBN)

Parents urged to buy ‘dumb’ phones to protect children from social media
(DBN)

The House Dems who keep using TikTok while voting against it
(DBN)

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Fraud:

Beverly Hills scammer pleads guilty to $18-million cannabis con
(DBN)

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Agribusiness:

Private equity-funded almond farm folds before harvesting a single nut
(DBN)

Why the death of the honeybee was greatly exaggerated
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Utilities:

Wildfires Make Utilities a Tricky Investment. Just Ask Warren Buffett.
(DBN)

Amid explosive demand, America is running out of power
(DBN)

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Movie Theaters:

Is No. 1 Circuit AMC About To Buckle?
(DBN)

Movie Theaters Have Weird Real Estate. It’s Saving Them.
(DBN)

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Pharma:

Requiem for Eiger Biopharmaceuticals
(DBN)

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Student Debt:

What groups are still in line for student loan forgiveness?
(DBN)

Biden promises student loan relief as early as this fall through new plan
(DBN)

Biden Pursues Student-Debt Relief for About 26 Million Americans
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Politics:

Biden may have trouble getting on Ohio’s general election ballot, state’s top election official warns
(DBN)

Conspiracy theory runs wild linking New York City’s 4.8-magnitude earthquake to date of solar eclipse Marjorie Taylor Greene Urges Americans to ‘Repent!’ in Bonkers Earthquake Prophecy Earthquake, aftershocks rattle NYC and beyond: "One of the largest" East Coast quakes in the last century
(DBN)

‘Increasingly chaotic’: Why House Republicans are heading for the exits
(DBN)

The lawmakers who will decide Mike Johnson’s fate
(DBN)

Turner: Russian propaganda "being uttered on the House floor" GOP Rep. Mike Turner Agrees Russian Propaganda Has ‘Infected’ Republican Base
(DBN)

Robert F. Kennedy Jr. suggests Jan. 6 prosecutions politically motivated, says he wants to "hear every side" 'Real threat': US presidential long-shot RFK Jr alarms Democrats
(DBN)

Trump's team shows growing pains in pivot to general election
(DBN)

Trump says he will issue statement on abortion on Monday morning
(DBN)

Here’s where women voters stand in the Biden-Trump rematch
(DBN)

What Liberals Get Wrong About ‘White Rural Rage’ — Almost Everything
(DBN)

Napolitano: For Trump to run as ‘law and order candidate’ would be like ‘me saying I play in the NBA’
(DBN)

Officials mum about potential sale of Las Vegas Trump Hotel
(DBN)

Star of sitcom Black-ish claims Trump will put black people 'in camps' if he's re-elected
(DBN)

Trump relies on doctor who is member of his golf club to vouch for health
(DBN)

Biden's shift: Not enough for Dems, too much for Republicans Democratic tensions over Israel threaten to boil over at Chicago convention
(DBN)

Naomi Biden Fact-Checks Billionaire Slamming Joe Biden
(DBN)

Biden and Democratic Party apparatus raised $90 million in March Widens Fundraising Lead Over Trump
(DBN)

Trump's $50 million gala set to double Biden's triple-president fundraiser Trump campaign says event at billionaire’s home set a fundraising record
(DBN)

Melania Trump 'avoids' husband Donald's hand-holding attempt at 'awkward' event
(DBN)

Is Corporate America in Denial About Trump?
(DBN)

Fox host vexed by Biden’s good job numbers finds a solution – give the credit to Trump
(DBN)

Americans think a president’s power should be checked, AP-NORC poll finds — unless their side wins
(DBN)

Do our leaders, ‘experts’ and pundits want World War III?
(DBN)

Schumer stares down to-do list as November looms
(DBN)

Super PACs keep testing the limits of campaign finance law
(DBN)

Muslim protestors chant 'death to America, death to Israel' at rally in Michigan
(DBN)

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Credit Counseling:

The 'Market Model' of Debt Counseling and Bankruptcy in the United States
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Transit:

Bird Rides Emerges from Ashes of Bankruptcy Under New Parent Company
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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (21 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Victims of Montana asbestos pollution take Warren Buffett’s railroad to court Asbestos suit in Montana against BNSF set for trial
(DBN)

Judge slashes Bayer $1.56 billion Roundup verdict to $611 million
(DBN)

Survivors of clergy sexual abuse to speak in Archdiocese of Baltimore bankruptcy case
(DBN)

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Valuation:

Bankruptcy ’s Turn to Market Value
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Receivers:

Don't Disrespect the Receivership
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Aviation:

Troubled US Airline iAero Ceases Operations
(DBN)

Why the Boeing 737 Max has been so problematic
(DBN)

Loss of engine cover on Southwest Boeing 737-800 prompts FAA investigation
(DBN)

Boeing’s long fall, and how it might recover
(DBN)

Here's what the Credit Card Competition Act could do to your airline miles and travel rewards
(DBN)

Go First creditors to take possession of pledged land parcel Go First given another 60-day extension to complete insolvency process
(DBN)

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Celebs:

Katie Price 'to sell Mucky Mansion' after being declared bankrupt Bankrupt Katie Price ‘selling Mucky Mansion to buy £2.5m dream home’
(DBN)

Alex Jones Vacations at “Ritzy” Kauai Resort as Bankruptcy Proceedings Advance
(DBN)

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Retailing:

99 Cents Only Stores Goes Bankrupt as Inflation Keeps Biting
(DBN)

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Sovereigns:

Sri Lanka's debt repayments to be suspended until 2028
(DBN)

Ethiopia official creditors to extend deadline for IMF deal, source says
(DBN)

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UK:

The Body Shop Was Deep in Debts At the Time of Closing, 276 Million Euros Owed to Creditors
(DBN)

Thames Water owner Kemble sends notice of default to creditors Thames Water Creditors In Talks to Group Up After Kemble Default Thames Water circles the drain: It's pumped 72bn litres of sewage into the Thames and been blamed for ruining the boat race
(DBN)

Kate Middleton's family business closes after going bankrupt
(DBN)

Number of retailers going insolvent increases significantly in last year Number of retailers going insolvent 19% to breach 2000
(DBN)

Bankrupt former subpostmaster confronts minister over Post Office compensation legal fees
(DBN)

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EU:

Riskiest Junk Bonds Shunned in Europe on Rising Risk of Default
(DBN)

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Canada:

Why are so many Canadian festivals struggling or canceling?
(DBN)

Many Canadians still feeling squeezed even as debt worries ease: insolvency firm
(DBN)

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MENA:

IDF ends active ground invasion, completely withdraws from southern Gaza Israel Backs Out of Khan Younis to Prepare ‘Future Operations’
(DBN)

Palestinians returning to Khan Younis after Israeli withdrawal find an unrecognizable city
(DBN)

Israel steps up preparation for Rafah invasion despite Western warnings Israel is pulling some troops from southern Gaza. Now the plan is to clear Hamas from Rafah
(DBN)

Israel, U.S. believe Iran is about to retaliate for Israeli bombing of Syria consulate, officials say US preparing for significant Iran attack on US or Israeli assets in the region as soon as next week Hezbollah leader issues chilling warning on Iran as terrorists fire rockets at Israel Strike on Iranian embassy could be tipping point Biden officials worry Iran might hit targets inside Israel as payback for killing general Intelligence Chair Turner on Iran threat: Americans in the area remain in danger Israel Has Responses Ready for Iran Scenarios That May Develop
(DBN)

Israeli military finds strike on aid workers was "serious violation" of rules ‘The Israelis usually fire and then ask questions’ in my experience: Former Defense secretary
(DBN)

Six months into the war in Gaza, Israel has no exit strategy Six months of Gaza war sees Palestinians struggling with food shortage Half a year into the war in Gaza, here’s a look at the conflict by the numbers 6 months in, the Gaza war is in limbo — which may help Bibi stay in power How the war in Gaza has gone differently than expected — and how it hasn’t Gaza buildings and land decimated in 6 months of war Families of hostages held by Hamas mark somber 6-month milestone
(DBN)

Israel protests spark chaos in Tel Aviv as thousands call for Benjamin Netanyahu to resign
(DBN)

"We won't support you": Inside Biden's ultimatum to Bibi Netanyahu responded quickly after Biden's threat House to vote on rebuking Biden's call for Gaza ceasefire Kirby says Biden administration is ‘increasingly frustrated’ with Israeli military conduct Biden asks Egypt, Qatar to press Hamas to agree to hostage deal Biden’s response to Netanyahu means the US-Israeli relationship has changed for good US officials’ fury at Biden Gaza policy means mood in State Department now worse than during the Iraq War Biden Ally Opposes Halting US Weapons Transfers to Israel Pelosi joins call to stop transfer of weapons UK support to Israel ‘not unconditional,’ Cameron warns Aid worker deaths have appalled Israel’s European allies. Some are considering a halt to arms sales Chef José Andrés calls Israeli airstrike "unforgivable" Israel says its strike that killed aid workers was a mistake. Rights groups say it was no anomaly Aid agencies say the Israeli military has been attacking their workers for months
(DBN)

UK to Deploy Royal Navy to Deliver Food, Supplies to Gaza Strip
(DBN)

UN Chief Blasts AI Being Used to Find Targets Israel's 'Where's Daddy?' AI system helps target suspected Hamas militants when they're at home with their families, report says
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Ecuador:

‘Outrage against international law’: Ecuador police storm Mexican embassy to arrest former VP Mexico cuts ties with Ecuador after embassy storming
(DBN)

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Russia:

Ukraine military chief’s chilling warning to the West about Russia’s threat
(DBN)

With no way out of a worsening war, Zelensky’s options look bad or worse
(DBN)

Video appears to show a Ukrainian unmanned ground drone rolling up to the edge of a Russian trench and dropping explosives
(DBN)

Ukraine running low on defensive missiles, Zelenskyy warns With no way out of a worsening war, Zelensky’s options look bad or worse
(DBN)

Mike Johnson Prepares to Unwrap Mystery Ukraine Aid Package Johnson faces moment of truth on Ukraine
(DBN)

Ukraine strikes at Russian oil as battlefield desperation mounts Ukraine denies a Russian claim that it launched drone strikes on a major nuclear power plant
(DBN)

Russian Drone Strikes Cut Power, Zelenskiy Calls East ‘Stable’ Ukraine Hunts for Grid Equipment, Ammunition to Avoid Summer Blackouts
(DBN)

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China:

Country Garden Appoints Legal Adviser, Urges Creditor Patience
(DBN)

China property developer Shimao faces liquidation petition from state-owned bank Another big Chinese property developer faces a liquidation suit Chinese state-owned bank seeks liquidation of property developer Shimao
(DBN)

The China pushback uniting major world powers
(DBN)

Yellen Advances US-China Ties Despite Tough Criticism on Exports Yellen: Chinese Subsidies Threaten the World US, China Have Stabilized Relations Over Past Year, Yellen Says Janet Yellen Threatens Beijing With US Sanctions, Standing In Mainland China, If They Assist Russia In War
(DBN)

China Is Providing Geospatial Intelligence to Russia, US Warns
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Ecuador:

Ecuador Rebuked Across Latin America for Raid on Mexican Embassy
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New Zealand:

New Zealand Tightens Worker Visas Over ‘Unsustainable’ Migration
(DBN)

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Brazil:

Lemann Says He’s Trying to Save Americanas After $5 Billion Fraud
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Germany:

US businessman Richard Baker among bidders for bankrupt German department store chain Galeria Karstadt Kaufhof
(DBN)

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Singapore:

Liquidators should be cautious of acting summarily as judge, jury and executioner on own company's crossclaims
(DBN)

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India:

Byju’s breached loan terms, small stake sale blocked, arbitration order shows Spotlight on Byju’s founder: From fortune to bankruptcy, a $2.2B tragedy
(DBN)

Revamping Indian Real Estate: How Amendments To Insolvency Laws Promote Resolving Projects?
(DBN)

When insolvency meets money laundering
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