April 9, 2024

The Daily Bankruptcy News

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Law:

Lawyer fatally shoots ex-daughter-in law, fellow attorney in Las Vegas law firm Killer in Las Vegas law office shooting had ‘very specific targets,’ police say
(DBN)

Recruiting From Paul Hastings Again, Akin Adds Financial Restructuring Lawyer
(DBN)

Justice Department Lawyers Are Trying To Flee Their Government Jobs
(DBN)

NY Bar Warns Attorneys of Privacy Risks Posed by AI Tools
(DBN)

Panama Papers money-laundering trial begins
(DBN)

Allen & Overy and Shearman & Sterling announce first partner promotions for A&O Shearman
(DBN)

Eric Adams Hires Celeb Attorney to Defend Him in Bombshell Lawsuit
(DBN)

2024 Margaret Brent Award winners announced
(DBN)

A lawyer got fit in his 70s after prioritizing work over health for years. Three simple changes to his diet helped him set a swimming record at age 84.
(DBN)

U.S. News Had A LOT Of Correcting To Do
(DBN)

New York Is Where It's At For Biglaw
(DBN)

Trump to Sue Judge in Last-Ditch Attempt to Avert Manhattan Trial Appeals court judge denies Trump's bid to delay next week's hush money trial Trump Lawyers File Even More Garbage Motions In Desperate Bid To Stave Off New York Trial Trump sues judge in "hush money" trial in effort to delay it Judge releases jury questionnaire for Trump's hush money case Trump Jurors Will Be Asked About Antifa, QAnon, Truth Social Legal expert explains why Trump’s lawsuit against judge in hush money case is allowed Trump to appeal gag order in unlikely effort to postpone Manhattan criminal trial What to Know About the Trial Donald Trump Faces in Manhattan Trump recusal demand over hush-money trial jurist's daughter is 'judge-shopping': DA
(DBN)

Trump’s Trial Lawyer Gambled a Gilded Manhattan Career to Represent Him
(DBN)

Trump lawyers seek Stormy Daniels communications with Michael Cohen
(DBN)

Special counsel Jack Smith urges Supreme Court to reject Trump's presidential immunity claim 4-star generals tell Supreme Court Trump's immunity claims are 'assault' on democracy Jack Smith urges SCOTUS to reject Trump's "novel" immunity claim
(DBN)

Fani Willis torches defense bid to appeal decision keeping her on Trump RICO case Trump RICO co-defendant loses motion to dismiss charges over indictment language
(DBN)

Biglaw Partner Predicts Donald Trump Will Make History
(DBN)

'Kraken' lawyer eyes judge's order after discovery leak in Dominion Voting Systems lawsuit
(DBN)

Ex-Officials Urge Curbing Presidential Power to Deploy Troops on U.S. Soil
(DBN)

Trump’s $175 Million Bond Is Even Shadier Than It Looks Donald Trump's $175M Bond May Be About to 'Implode,' Legal Analyst Suggests
(DBN)

Mar-a-Lago judge teases 'partially redacted filings,' sets hearing for Trump co-defendants
(DBN)

Justice Department stiffs Republicans on Biden-Hur interview audio Biden-appointed judge torches DOJ for defying subpoenas after prosecuting Trump advisor
(DBN)

Justice Department asks GOP to ‘avoid conflict’ following Garland contempt threat
(DBN)

Trump, GOP plot 2025 criminal probe of Bidens
(DBN)

Louisiana’s transgender ‘bathroom bill’ clears first hurdle
(DBN)

No jail for Marvel actor Jonathan Majors after judge agrees to DA-recommended domestic violence program
(DBN)

Missouri to execute man despite appeals for clemency from dozens of corrections officers
(DBN)

All the famous people who appear in the sexual assault lawsuits filed against Sean Diddy Combs
(DBN)

Incarceration series includes female inmates but doesn’t tell full story
(DBN)

Prosecutors Defend Case Against Alec Baldwin in ‘Rust’ Shooting Alec Baldwin had ‘no control of his own emotions’ on ‘Rust’ set, prosecutors claim in new legal filing
(DBN)

Country singer Morgan Wallen arrested in Nashville after throwing chair from bar rooftop: docs
(DBN)

Woman accused of shooting drivers on Florida interstate says she was directed by God
(DBN)

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Judges:

Judge in Trump Criminal Case Braces for Glare of Unprecedented Trial
(DBN)

Saying prosecutors should focus on Antifa, judge frees white supremacist in beating
(DBN)

Sonia Sotomayor's retirement is a political IQ test
(DBN)

Justice Stephen Breyer Will Return To Court, Starting Next Fall Stephen Breyer to the Supreme Court Majority: You’re Doing It Wrong
(DBN)

The Supreme Court Still Has an Ethics Problem
(DBN)

Oldest federal judge's lawyer rails against 'haphazard allegations' of poor mental health
(DBN)

Judge tried to stop his wife from killing their nephew but he was too late, cops say
(DBN)

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Wall Street:

Stock futures are little changed as investors await March inflation data
(DBN)

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Layoffs:

Spirit Airlines to furlough 260 pilots, delay plane deliveries
(DBN)

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Radio:

Soros fund is building an audio empire
(DBN)

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Education:

LGBTQ-themed books most targeted by bans, says American Library Association
(DBN)

Collegiate sports association restricts transgender women from competing in women’s sports
(DBN)

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Student Debt:

Sometimes it’s helpful to read media stories on separate topics against each other because of the disconnects they underscore
(DBN)

Biden announces new student debt relief plan for millions of borrowers Biden's new student loan relief plan would slash debt for millions Biden’s next student debt relief plan will cover more than 30M borrowers 25 million student-loan borrowers could get up to $20,000 in debt wiped out under Biden's new debt relief plan Over 30 million student-loan borrowers would see some — or all — of their balances wiped out in Biden's newly released plan for debt relief Biden Announces New Student Loan Forgiveness Plan Details. Here’s What to Know Education Secretary Cardona meets with teachers and borrowers as he touts new student debt relief plan
(DBN)

Elizabeth Warren says millions of borrowers 'deserve answers' after the CEO of a major student-loan company turned down her invitation to appear before Congress
(DBN)

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Healthcare:

Heywood Healthcare cites progress made since bankruptcy filing
(DBN)

Gov. Newsom approves Madera hospital loan. Critics say there was no ‘due diligence’
(DBN)

Findings from Gibbins’ Annual Healthcare Bankruptcy Report
(DBN)

Change Healthcare attack sheds light on industry's weak points
(DBN)

Paying Off People’s Medical Debt Has Little Impact on Their Lives, Study Finds
(DBN)

Why are so many young people getting cancer?
(DBN)

Adults are aging faster, facing higher risk of cancer
(DBN)

Rural COVID patients likelier to die after hospitalization
(DBN)

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Retailing:

Petco faces downgrades amid sales, profit and share declines
(DBN)

Belgian branch of Esprit files for bankruptcy
(DBN)

Frustrated Dollar Tree shoppers threaten to ditch the store after it announces $7 items
(DBN)

Target to put cameras at self-checkouts
(DBN)

People still waiting to hear from Pirch on orders, refunds weeks after sudden closure
(DBN)

____________

Pharma:

Have Drug Prices Dropped As Much As Joe Biden Claims?
(DBN)

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Economy:

Bullard Says Three Fed Rate Cuts This Year Is ‘Base Case’
(DBN)

Millennials and Gen Z's trendy new splurge: groceries
(DBN)

Retiring in your 60s is becoming an impossible goal. Is 75 the new 65?
(DBN)

Gen Z Expects to Retire Early
(DBN)

More Americans now prefer hybrid over fully remote work, survey finds
(DBN)

US Small-Business Optimism Falls to a More Than 11-Year Low
(DBN)

Gold Holds Record High as Investors Wait for US Inflation Print
(DBN)

Jamie Dimon Issues an Economic Warning JPMorgan's Jamie Dimon warns the world is on fire — and plenty of people are way too bullish Jamie Dimon's shareholder letter shows glimpse of Pugnacious Neoliberalism
(DBN)

The odds of a US recession in the near year have dropped to a 2-year low
(DBN)

A famed recession indicator is flashing red even as financial markets price in zero chance of a downturn in the coming year, economist says
(DBN)

What Researchers Discovered When They Sent 80,000 Fake Résumés to U.S. Jobs
(DBN)

G-7 Faces a $10 Trillion Reckoning as the World Races to Re-Arm
(DBN)

Why Californians are fleeing this once-Golden State
(DBN)

Ship loses propulsion near New York's Verrazzano Bridge just days after the Baltimore bridge collapse: report
(DBN)

Maryland governor and members of Congress to meet to discuss support for rebuilding collapsed bridge
(DBN)

Small businesses like restaurants and cafés are now offering childcare to prevent employee turnover
(DBN)

Janet Yellen Has a Three-Body Problem With China Yellen Sees ‘More Work to Do’ as China Talks End With No Breakthrough China Has Too Much at Stake in Industry Push to Listen to Yellen EU’s von der Leyen echoes Yellen’s calls for tough stance on Chinese overcapacity
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Half of Americans struggling to afford housing, survey finds
(DBN)

Leading Index for Commercial Real Estate Decreased 9% in March
(DBN)

Housing April 8th Weekly Update: Inventory down 0.9% Week-over-week due to Easter Holiday, Up 24.6% Year-over-year
(DBN)

When Your Boss Is Your Landlord
(DBN)

Americans Skip Meals to Afford Homes
(DBN)

JLL finds signs of rebound in New York City retail real estate
(DBN)

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Oil/Gas:

Oil Holds Near Five-Month High With Middle East Tension in Focus
(DBN)

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Tech:

‘Social order could collapse, resulting in wars’: 2 of Japan’s top firms fear unchecked AI, warning humans are ‘easily fooled’
(DBN)

Trump Media stock drops more than 10% to open trading week Trump Media stock erases all gains since it began trading as DJT shares fall another 11% Monday Donald Trump's Post May Have Just Broken the Law
(DBN)

Elon Musk just found someone else to fight with Musk faces Brazilian inquiry after vowing to defy X court order What to Know About Elon Musk’s Battle With a Brazilian Judge Over Speech on Social Media
(DBN)

Musk Magnifies Focus on Extremist Who Used Banned Nazi Slogan
(DBN)

Musk Says Impulse to Speak Out Leads to ‘Self-Inflicted Wounds’
(DBN)

Musk Didn't Want Deposition Out. Here It Is
(DBN)

New effort to "inoculate" U.S. voters against AI misinformation
(DBN)

Biden deploys $6.6B to boost global chipmaker in key swing state
(DBN)

Privacy is ‘virtually impossible’ on iPhones, experts warn
(DBN)

McConnell calls for TikTok ban McConnell: TikTok threatens security ‘on US soil’
(DBN)

____________

Accounting:

'Big Four' salaries: How much accountants and consultants make at Deloitte, PwC, KPMG, and EY
(DBN)

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Politics:

A "wonkish" professor is Democrats' big draw in the 2024 campaign
(DBN)

America's reality distortion machine
(DBN)

Trump says abortion restrictions should be left to states, dodging a national ban Biden rips into Trump over abortion statement 'Donald Trump did this': New Biden abortion ad features a woman who says she almost died because of the Texas ban Former Bush strategist: Trump took ‘worst possible political position’ on abortion Why Trump balked on an abortion ban: Pure politics Trump bets he can afford conservative backlash on abortion Graham breaks with Trump on national abortion ban Lindsey Graham says Trump is making 'a mistake' on abortion, vows to push forward with nationwide restrictions Trump slams Graham's conservative abortion stance as 'handing Democrats their dream' Pence calls Trump’s abortion stance a ‘slap in the face’ to supporters Anti-abortion groups rally behind Trump despite their disappointment Leading pro-life group fiercely denounces Trump’s position on abortion: ‘Cedes the national debate to the Democrats’ Trump may sound moderate on abortion. The groups setting his agenda definitely aren’t Trump’s many, many positions on abortion: A timeline Republicans quietly embrace Trump's cover on abortion Biden says Trump will ban abortion: ‘No one trusts Donald Trump’
(DBN)

Governor to sign law making kids watch animated fetal videos from anti-abortion group
(DBN)

Trump protest vote warnings
(DBN)

Trump asks supporters to help pick his running mate. He really just wants their money.
(DBN)

Donald Trump Panics as Poll Numbers Slide
(DBN)

RFK Jr. ballot access consultant promotes strategy to throw the election to Trump
(DBN)

Greene defends claim that eclipse, earthquake signs to repent McCarthy calls Greene ‘serious legislator’ amid Johnson ouster threat Greene drama builds for embattled Johnson
(DBN)

Boomers deliver surprise strength for Biden
(DBN)

An ex-GOP congressman blasts the 'populist wave' that he says has corroded conservatism: 'Now we're impeaching people like it's some kind of carnival'
(DBN)

A former GOP lawmaker says it's 'ironic' that he got 'more good work done' when Democrats controlled the House
(DBN)

Fox News Uses the Solar Eclipse to Fearmonger About Migrant ‘Invasion’
(DBN)

Republicans can't force a Mayorkas impeachment trial, but they'll try to make it painful for Democrats
(DBN)

____________

Transit:

New York City braces for congestion pricing
(DBN)

____________

Fitness:

American Home Fitness Files for Bankruptcy, Citing Post-Pandemic Market
(DBN)

____________

Weight Loss:

Weight Watchers Creditors Prepare to Sign Cooperation Agreement
(DBN)

____________

Fraud:

Dutchess fraudster ordered to pay $8.9M in bankruptcy case
(DBN)

____________

Autos:

Tesla is headed to trial over deadly 2018 Autopilot crash Tesla Settles Suit Over Apple Engineer's Death
(DBN)

Tesla’s Cybertrucks were ‘rushed out,’ are malfunctioning at astounding rate
(DBN)

More in US say they wouldn’t consider buying EV: Gallup
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Nearly Half of 2023’s Biggest Bankruptcies Lacked Key Warnings
(DBN)

______________

Bankruptcy Research:

Bankruptcy Lawyers and Credit Recovery
(DBN)

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Mass Torts:

Abuse survivors speak out at Archdiocese of Baltimore bankruptcy hearing ‘Soul murder’: Clergy abuse survivors testify about torment Baltimore archdiocese bankruptcy case Baltimore archbishop hears accounts of abuse during bankruptcy hearing
(DBN)

____________

Plan Confirmation:

Texas Bankruptcy Court Declines to Deem Nonvotes as Votes in Favor of Plan
(DBN)

____________

Aviation:

Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
(DBN)

Global aviation shakeup after GoFirst bankruptcy
(DBN)

How Boeing's latest crisis could imperil its 2021 DOJ crash agreement
(DBN)

A United flight had to divert because a dog pooped in the aisle, and staff spent 2 hours cleaning it up
(DBN)

____________

Climate:

Greenhouse gases continue to skyrocket, hitting record-high, NOAA says
(DBN)

Swiss Failed Citizens on Climate Change, Human Rights Court Says
(DBN)

World Hits 10th Consecutive Month of Record-High Temperatures
(DBN)

An extraordinary run of record heat could usher in a long, hot summer — ‘and not in a good way’
(DBN)

____________

SPACs:

IPO to Insolvency: Big Law Isn't Done Making Money on EV SPACs
(DBN)

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Hotels:

Hotels: Occupancy Rate Decreased 5.6% Year-over-year Due to Easter Holiday
(DBN)

____________

Crypto:

Crypto Comeuppance: A Deep Dive Into the Sentencing of FTX Founder Sam Bankman-Fried
(DBN)

US Treasury Seeks More Sanctions Powers Against Crypto Exchanges
(DBN)

Crypto Scam Criminal Trial Tests ‘Code Is Law’ Claim by Trader
(DBN)

Binance has matured past cultural issues, CEO says, after $4.3 billion U.S. DOJ settlement
(DBN)

____________

Sovereigns:

House Dems bring bill to nix IMF fees that cost countries billions
(DBN)

____________

UK:

Brexiteer Nigel Farage ‘can’t remember’ if Donald Trump has offered him a job
(DBN)

On abortion culture wars, Britain takes a different path
(DBN)

The rise in council exec pay should 'worry us all' as 188 now earn more than Rishi Sunak
(DBN)

245 jobs to go as insolvent Ted Baker to close 15 shops — including four in London
(DBN)

Former Thames Water owner among creditors fighting for payback
(DBN)

Southend United: Club's creditors agree to court hearing delay over potential winding-up petition
(DBN)

____________

EU:

EU leaders to call for harmonised EU bankruptcy, corporate tax laws
(DBN)

Eurozone Business Activity Shows Positive Growth in March
(DBN)

Euro-Zone Firms’ Loan Demand Fell ‘Substantially,’ ECB Says
(DBN)

Banco Popular shareholders, creditors owed no compensation, EU court says
(DBN)

____________

Canada:

'Significant concerns' raised after insolvent landlord lists Sault properties for sale
(DBN)

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Russia:

Russia accused of using chemical gas attacks against Ukrainian soldiers
(DBN)

Drone strikes hit Zaporizhzhia nuclear power plant
(DBN)

Ukraine's deep drone strike into Russia hit an airfield housing fighter-bombers able to drop punishing glide bombs
(DBN)

Pardoned for Serving in Ukraine, They Return to Russia to Kill Again
(DBN)

Ukraine ‘will lose the war’ if US fails to approve aid, says Zelensky
(DBN)

____________

MENA:

U.S. delivers new proposal for Israel-Hamas hostage and ceasefire deal Hamas says no progress in Gaza truce talks as sides set to meet again Israeli Officials Express Optimism Over Cease-Fire Talks With Hamas
(DBN)

Turkey imposes export restrictions on Israel until Gaza cease-fire
(DBN)

Netanyahu faces mutiny as top ministers demand full-scale invasion ploughs on after IDF troops pulled from south Gaza Netanyahu sets date for Rafah operation, pushes back at US
(DBN)

Warren predicts ICJ will find Israel committed genocide in Gaza
(DBN)

Palestinians Return to an Unrecognizable City After Israelis Withdraw
(DBN)

Israel’s Account of Attack on Aid Convoy Raises Wider Legal Questions, Experts Say
(DBN)

Grandmother was likely killed by fellow Israelis firing on Hamas militants abducting her on October 7, says report
(DBN)

Congress eyes sanctions on "under the radar" Gaza militant group
(DBN)

____________

China:

Biden to warn Beijing over aggressive South China Sea tactics Why the Biden administration fears a new China shock
(DBN)

____________

Belgium:

Electric bus company Van Hool declared bankrupt by Belgian court Entrepreneur Guido Dumarey makes new bid for bankrupt bus company Van Hool
(DBN)

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Japan:

Bankruptcy filings in Japan in 2023 grow 30% to 9-year high
(DBN)

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France:

Atos Seeks €1.2 Billion in Cash and Loans in Restructuring Offer
(DBN)

____________

Singapore:

A Model Law Jurisdiction - Part 1 - The turnaround decision in Re Ascentra Holdings Inc
(DBN)

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