August 20, 2024

The Daily Bankruptcy News

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Law:

Disbarred lawyer Tom Girardi’s hippocampus is smaller than 98% of population, neurologist testifies
(DBN)

Lawyer who reported suspected wrongdoing can’t collect whistleblower award, DC Circuit says
(DBN)

Hines Bankruptcy Law Expands Local Presence with Offices in Leominster and Worcester
(DBN)

ABA Council Proposes Language Change To Nix 'Diversity' From Law School Considerations
(DBN)

‘Night-Life Lawyer’ Sal Strazzullo’s death ruled ‘undetermined’ despite being found inside running car in garage while facing charges
(DBN)

Prosecutors Leave Decision on Delaying Trump’s Sentencing Up to Judge Bragg takes no position on delay of Trump sentencing as judge weighs impact of immunity ruling Manhattan DA Agrees To Postpone Trump Sentencing, Reads His Lawyers For Filth DA scoffs at 'bizarre' Trump arguments to delay NY hush-money sentencing but won't oppose
(DBN)

Deputy AG recused herself from Biden probe
(DBN)

Judge dismisses George Santos’s suit against Jimmy Kimmel over Cameo videos
(DBN)

'More than interesting': Ex-prosecutor flags judge's 'Easter egg' about Trump's sentencing
(DBN)

George Santos pleads guilty to wire fraud, aggravated identity theft Disgraced George Santos loses to federal government and Jimmy Kimmel in a matter of hours
(DBN)

Republicans ask Supreme Court to block 40,000 Arizonans from voting in November
(DBN)

Accused teen rapist found with mask, gloves on way to murder his ex-girlfriend, cops say
(DBN)

Texas jury finds school shooter's parents not liable for violence
(DBN)

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Judges:

Chief Bankruptcy Judge Finds Ex-Judge David Jones Acted in Bad Faith in Connection With Informal Interview
(DBN)

Texas Judge Blocks Romance Questions for Jackson Walker Attorney
(DBN)

Employment Opportunity: Law Clerk Term Appointment - Detroit, Michigan Employment Opportunity: Law Clerk Career Appointment - Detroit, Michigan
(DBN)

BK WD NC: Bankruptcy Administrator Position Announcement: Staff Attorney
(DBN)

Ex-bankruptcy judge who tried to avoid deposition in romance case ordered to take ethics training
(DBN)

These Supreme Court Justices Are Made Of Money
(DBN)

Supreme Court Workload Backloaded as Justices Hear Fewer Cases
(DBN)

It’ll be the first time the retired federal judge, a veteran of two GOP administrations, has voted for a Democrat
(DBN)

Texas judge who bought Tesla stock won’t recuse himself from X v. Media Matters
(DBN)

Disney Backtracks on Wrongful Death Lawsuit After Public Fury
(DBN)

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Wall Street:

 

S&P 500 Spikes to Notch Its Longest Rally in 2024
(DBN)

SEC charges Carl Icahn with hiding billions in loans backed by IEP stock US settles with billionaire Carl Icahn for using company to secure personal loans worth billions
(DBN)

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Layoffs:

GM lays off more than 1,000 salaried software and services employees
(DBN)

GoPro to cut 15% of workforce in restructuring push
(DBN)

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Politics:

“I Accept”: Donald Trump Falsely Claims Taylor Swift Election Endorsement Donald Trump posts fake Taylor Swift endorsement, Swifties for Trump AI images Taylor Swift can absolutely sue Trump over the fake endorsement images he reposted. Winning a lawsuit might be harder. Trump should be 'sued back to the Stone Age' for bogus Taylor Swift endorsement: attorney ‘I Know What I Saw’: Trump Nephew Fred Tells Liberal Host Donald Trump Showing Signs of ‘Dementia’ Like Father And Grandfather Trump shares fake image of Harris speaking to communist event Trump ‘misses’ Biden and ‘doesn’t have the heart’ for 'second battle' with Harris With false ‘coup’ claims, Trump primes supporters to challenge a Harris win 'War zone!' Trump posts all-caps fact-challenged rant about crime ahead of DNC John Kelly pushes back on Trump remarks on awards to civilians, service members: ‘Not even close’ Is Trump lying, or is he just that deluded? Donald Trump said he'd want Elon Musk on his Cabinet Hillary Clinton taunts Trump: "We have him on the run" Hillary Clinton returns to DNC convention as reminder of 'unfinished business'
(DBN)

Rachel Maddow: What Worries Me Most About Election Night
(DBN)

House G.O.P. Makes Impeachment Case Against Biden Without Proof of Crime
(DBN)

Die-hard Trump fans start 'carrying cups of JD Vance's sperm' in weird sign of support PolitiFact: JD Vance wrote the foreword for Project 2025’s Kevin Roberts’ upcoming book
(DBN)

Walz appeals to 'old school libertarian, Republican' voters Tim Walz Doesn’t Mention Trump or Vance as He Kicks Off DNC
(DBN)

Harris’s Early Campaign: Heavy on Buzz, Light on Policy Harris' cautious, hold-the-details campaign Trump portrays Harris as foreign, echoing past attacks on Dems of color Tracking the 2024 U.S. Presidential Election: Harris +4 Kamala Harris Suffers Third Pennsylvania Polling Blow in a Week Five poll numbers that tell the story of the Democratic convention — and what's coming next David Axelrod cautions against overconfidence in Kamala Harris: 'It's an Electoral College fight' Axelrod: Trump might win election if it was held today Conservative former Judge J. Michael Luttig endorses Harris Kamala Harris makes surprise DNC appearance to thank Joe Biden before his big handover speech Donald Trump Says Kamala Harris' Nomination 'Not Fair' Hillary Clinton says the 'future is here' in pitch for Harris to become first female president Harris is rolling out her agenda. She'll need a Democratic Congress to pass it.
(DBN)

It took a debate disaster and a pressure campaign led by Pelosi. But at the DNC, Biden finally kept his promise to be a bridge to the Democratic Party's future Biden delivers an ode to Harris in Democratic convention swan song Inside Barack Obama and Joe Biden's political relationship, from their 'bromance' to their reported falling out Biden at DNC: Gaza war protesters "have a point" Biden's late-night swan song: Day 1 takeaways from the DNC Biden in late-night farewell: "I gave my best to you" Joe Biden Delivers Fiery Farewell To DNC, Praising Kamala Harris & Slamming “Loser” Donald Trump Biden says "I love the job, but I love my country more" in keynote speech Joe Biden Responds to Trump Coup Claims: 'I Think He Has a Problem'
(DBN)

Winners And Losers From Night 1 Of The DNC Former Trump official Stephanie Grisham to speak at the Democratic convention
(DBN)

Dems close enthusiasm gap among Latinos
(DBN)

Smaller crowd of protesters than predicted
(DBN)

How a Far-Right Takeover of Georgia’s Election Board Could Swing the Election Election Deniers Secretly Pushed Rule That Would Make It Easier to Delay Certification of Georgia’s Election Results
(DBN)

House Democrats plot Harris-Walz power play
(DBN)

Democrats unveil 2024 platform ahead of convention kickoff
(DBN)

'Risk of collapse': Trump Media stock in 'serious' jeopardy as Truth Social languishes
(DBN)

Longtime Trump adviser Roger Stone: Georgia Gov. Brian Kemp is “going to prison” and is the “lowest form of life known to man”
(DBN)

McCarthy-Gaetz feud reaches apex in Florida primary
(DBN)

Fox News host said Dems registered immigrants to vote in Weatherford. ‘None of it is true’
(DBN)

Trump Assassination Attempt Laid Bare Long-standing Vulnerabilities in the Secret Service
(DBN)

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Festivals:

Panic grows that iconic Burning Man festival famed for drugs and orgies is on verge of collapse after washout 2023 event
(DBN)

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Pharma:

A $6 Billion Breakthrough or a Drop in the Bucket?
(DBN)

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Retailing:

Charting Pitney Bowes Global Ecommerce’s path to bankruptcy
(DBN)

‘Very strong’: IG North America CEO on U.S. retail earnings
(DBN)

SQRL Filed For Bankruptcy Amid $1B Debt
(DBN)

M Den co-owner blames pandemic for retailer's bankruptcy University of Michigan retailer The M Den closes two more locations after filing bankruptcy
(DBN)

How did Walmart’s drone delivery service grow so big, so fast?
(DBN)

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Climate:

The Era of Runaway Heat Records Is Here
(DBN)

The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows
(DBN)

China Makes $31 Billion Nuclear Push With Record Approvals
(DBN)

On one night, two places in Northeast get hit with 1-in-1,000 year rainfall
(DBN)

Record of Earth's Climate and Predictability
(DBN)

Never Seen Before: Amazon Methane Emissions
(DBN)

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Economy:

Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay
(DBN)

Warning Signs Flash in a Labor Survey as Fed Officials Watch for Weakness
(DBN)

Powell likely to start rate cutting cycle in September with 25 bps: Berman
(DBN)

Fed’s Daly Has More Confidence Inflation Under Control
(DBN)

Central Bankers Diverge on Rates Path Ahead of Jackson Hole
(DBN)

Morgan Stanley CEO Missing in Yacht Disaster
(DBN)

Expectation of Losing One’s Job at Record High in NY Fed Survey
(DBN)

Armed conflict is stressing the bones of the global economy
(DBN)

Goldman Sachs Strategists Say US Sales Forecasts for 2025 Are Too High
(DBN)

The US consumer is strong and fears of a recession are 'overblown' based on the latest earnings results, Goldman Sachs says
(DBN)

The Senator Warning Democrats of a Crisis Unfolding Beneath Their Noses
(DBN)

Trump, Harris inflation arguments are questionable, Chicago Fed president says
(DBN)

Mark Cuban has praise for Harris' economic proposals and plenty of questions about Trump's Economists pan Harris-nomics Kamala Harris' economic plan drawing criticism from beyond Trump world
(DBN)

What Business Wants to Learn About Harris
(DBN)

Here are some of the policies Trump says he would enact if elected for a second term Trump Defends Fed Criticism, Weighs Providing Aid to Home Buyers
(DBN)

TikTok’s ‘underconsumption core’ trend is ‘romanticizing being middle class,’ content creator says
(DBN)

How South China Sea tensions threaten global trade
(DBN)

Labor Day Travel Seen Climbing 9% After Record US Summer
(DBN)

U.S. ESG bond market facing slow death as sales hit five-year low
(DBN)

LA Port Traffic Increased Sharply Year-over-year in July
(DBN)

"We treat women like our social safety net," Reshma Saujani says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing August 19th Weekly Update: Inventory up 0.8% Week-over-week, Up 40.4% Year-over-year
(DBN)

The end of casual house hunting
(DBN)

‘Definitely Confused’: New Real Estate Rules Sow Uncertainty
(DBN)

CA: Wildfires Leave Housing Market in Trouble
(DBN)

UBS to liquidate $2 billion real estate fund as office downturn bites
(DBN)

Property Downturn Creating Best Opportunity in Decades, Gloor Says
(DBN)

What happens when you give people money to buy houses
(DBN)

Lawler: Early Read on Existing Home Sales in July and 3rd Look at Local Housing Markets
(DBN)

Fischers Marina: The lawsuit that led to the auction block
(DBN)

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Municipalities:

Texas Drought Forces Small Town to Default on Water System Debt
(DBN)

San Francisco Is Cleaning Up Its Act
(DBN)

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Oil/Gas:

A zombie well apocalypse is coming for the Permian Basin. Texas regulators are not keeping up.
(DBN)

DC appeals court tosses Biden administration pipeline safety rules
(DBN)

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Education:

Library Faculty Eliminated Amid ‘Fiscal Insanity’ at Western Illinois
(DBN)

Zero tolerance at UC campuses in new order banning encampments, masking, blocking paths
(DBN)

A South Texas school district received a request to remove 676 books from its libraries
(DBN)

This Major Conservative Culture Warrior May Have Finally Gone Too Far
(DBN)

____________

Tech:

US Adds Most Power Generation in 21 Years as AI Demand Surges
(DBN)

Mayoral candidate vows to let VIC, an AI bot, run Wyoming’s capital city
(DBN)

I hate breakups – so I get ChatGPT to dump people for me
(DBN)

Meta director who used to work for Elon Musk says companies without an internal AI tool are 'already behind the curve'
(DBN)

____________

Personal Finance:

Houston couple asks guests to foot the bill for $200,000 wedding
(DBN)

A boomer couple who retired with pensions say they're just scraping by: 'I can't imagine getting by on Social Security alone'
(DBN)

A Gen Xer who makes $150,000 secretly working multiple remote jobs says 100-hour weeks are worth it to ensure his family is financially secure
(DBN)

I moved with my kids to a hotel room. It's cheaper than renting an apartment and has many amenities.
(DBN)

____________

Autos:

Prediction: Rivian and Lucid Will Succeed Where Fisker Failed
(DBN)

Car insurance rates could jump 50% in 3 states this year. Here's where they are.
(DBN)

Porsche takes majority stake in Varta’s battery production unit
(DBN)

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Student Debt:

Student-loan borrowers can expect more debt relief before Biden's term is up, a top White House House official says
(DBN)

Their Student Debt Disappeared, but Their Financial Problems Didn’t
(DBN)

____________

Newspapers:

‘Santa Barbara News-Press’ Archives Languish Amid Decay
(DBN)

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Fraud:

Alleged Ponzi Scheme Salesman Either A Bad Speller Or A Literate Masochist
(DBN)

____________

Food/Beverage:

Turkey Leg Hut owner submits 'plan of reorganization' to court to repay millions of dollars in debt
(DBN)

BurgerFi is in big trouble and may go out of business BurgerFi might go bankrupt BurgerFi International warns of possible bankruptcy, joins growing list of embattled restaurant brands in 2024
(DBN)

Tijuana Flats CEO unveils restaurant’s future after Ch. 11 bankruptcy
(DBN)

The decline of McDonald’s: How the golden arches lost their shine
(DBN)

Friendly’s plans a comeback after decades of decline
(DBN)

This legendary Applebee’s franchisee says Americans are 'abandoning fast food' — and explains that he was 'running for his life' due to payroll, food costs
(DBN)

____________

Rail:

Why Amtrak’s Equipment Keeps Breaking Down: Some of It Is 100 Years Old
(DBN)

____________

Hotels:

Hotel Owned by Republican's Family Owes $1.2 Million for Health Insurance
(DBN)

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Trucking:

Pride Group: 'Business as usual' amid bankruptcy proceedings
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Healthcare bankruptcies slow after reaching five-year high in 2023: report
(DBN)

______________

Intercreditor:

Coming to a Cash-Strapped Company Near You: Creditor-on-Creditor Violence
(DBN)

____________

Finance:

How Hector DAO’s Bankruptcy Case Is Shaping the Future of DeFi
(DBN)

How to Win at Restructuring in the Gilded Age of Private Credit
(DBN)

The American Con Man Who Pioneered Offshore Finance
(DBN)

____________

Mass Torts:

Bayer Surges After Roundup Appeal Wins In Philadelphia Court
(DBN)

Early Ruminations on the Supreme Court's Purdue Pharma Decision
(DBN)

____________

Aviation:

Why Airlines Choose Chapter 11 Bankruptcy Proceedings When Restructuring
(DBN)

What went wrong with Boeing's spaceship
(DBN)

A man seemingly boarded a Delta flight without a valid ticket and was kicked off when a family said he was following them
(DBN)

Kenya Airways Returns to Profit for First Time in Decade
(DBN)

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Utilities:

Texas Grid Faces Biggest Test of Summer With Extreme Heat
(DBN)

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Labor:

More than 1,200 workers go on strike at Cornell
(DBN)

Rail Giants Plan to Shut Down Canada Network After Union Talks Fail
(DBN)

DNC makes Teamsters president sweat ‘Trump is a scab,’ UAW leader Shawn Fain tells Democratic National Convention
(DBN)

____________

Healthcare:

Steward Accuses Landlord MPT of Interfering With Hospital Sales Steward files suit against landlord for interfering with hospital sales, court filings show Orlando Health bid for Steward hospitals caught in legal dispute with leaseholder Steward landlord has 'crippled' hospital sales, motion claims Steward wants out of property leases Massachusetts makes deal to force Steward hospital sales Mass. is paying dearly to save its hospitals from bankrupt Steward
(DBN)

How the World Sleepwalked Into the Global Mpox Emergency Heightened mpox vigilance urged by EU as deadly virus spreads Fact check: No link between mpox and COVID vaccination
(DBN)

'A much more infectious' COVID variant fueling California's relentless surge
(DBN)

3 Women With Harrowing Pregnancy Stories Will Speak at Convention
(DBN)

Why Americans are traveling to Vermont and Oregon to die
(DBN)

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Sovereigns:

Somalia Traders Shut Businesses to Protest IMF-Backed Sales Tax
(DBN)

Ghana Presidential Hopeful Targets 6% Growth for Debt-Hit Nation
(DBN)

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UK:

‘Bankruptcy’ of UK’s biggest council caused by its botched IT installation, report finds
(DBN)

Rise in number of firms going bust, Insolvency Service says
(DBN)

Britishvolt administrators chase money owed from its defunct buyer
(DBN)

Unsecured creditors to lose out on £33m from Stewart Milne Group’s collapse
(DBN)

Mike Lynch, recently acquitted in HP-Autonomy fraud case, is missing after yacht capsized off Sicily
(DBN)

Katie Price's ex Carl Woods 'demands £4,500 for pink Range Rover' amid bankruptcy
(DBN)

UK Job Vacancies Increase for First Time This Year, Adzuna Says
(DBN)

Queen Elizabeth II said Donald Trump was 'very rude'
(DBN)

____________

EU:

Bankruptcy declarations of EU businesses on the rise
(DBN)

ECB’s Rehn Says Growth Risks Bolster Case for September Cut
(DBN)

____________

Russia:

Russia struggles to respond to Ukraine’s incursion as forces destroy key bridges and war potential Ukraine ‘heading for partial ceasefire talks’ before Kursk offensive Putin is paralyzed in crisis – again Ukraine Strikes Bridges in Russia, Aiming to Entrap Troops Ukraine Strikes Three Bridges in Russia’s Kursk Region Ukraine's 'rapid' incursion into Kursk shows it's learned from months of grinding warfare, military analysts say Ukraine Says Its Incursion Will Bring Peace. Putin’s Plans May Differ Russia Deploying 'Space Troops' to Defend Kursk Zelenskiy Jabs at Allies Keeping Limits on Strikes Inside Russia An elite Russian commander told Moscow's troops that they would 'go to heaven' if they died in Kursk Russia sees 'decades' of Western economic sanctions ahead, official says Russians Baffled After Putin's 'Space Troops' Deployed as Infantry in Kursk
(DBN)

Russia Hunts Down Deserters to Backfill Its Massive War Losses
(DBN)

Two-Thirds of Putin's Army in Ukraine Lost, Kyiv Figures Say
(DBN)

Dramatic video shows Ukraine evacuating troops with a US-made Bradley fighting vehicle
(DBN)

Zelenskyy calls out US, UK, France over slow weapons deliveries
(DBN)

Putin's warlord pal thanks Elon Musk for Starlink's use in 'special military operation' Elon Musk denies gifting Chechen warlord a Tesla truck
(DBN)

Russia on mpox: No risk due to our ‘traditional values’
(DBN)

____________

China:

China Court Accepts Liquidation Hearing Against Evergrande Unit Bankruptcy proceeding against Evergrande unit to proceed, liquidators say
(DBN)

Chinese Builder Kaisa Reaches Deal With Creditors on Debt Plan Distressed Chinese developer Kaisa gets breather from major creditors Kaisa says it has creditors’ support as it unveils debt workout plan to avoid liquidation
(DBN)

China, US to Set Up Contact Group for Cases of Financial Stress
(DBN)

Collisions Tear Holes in U.S. Ally’s Ships as Tensions Flare in South China Sea
(DBN)

US carriers have pulled out of the western Pacific, leaving China in charge
(DBN)

____________

MENA:

Hamas claims attempted suicide bombing in Tel Aviv, vows to carry out more
(DBN)

Netanyahu's ceasefire doublespeak: Dovish with U.S., hawkish with negotiators
(DBN)

Israel-Hamas Talks Stall as Blinken Tries to Clinch Truce Blinken Says Israel Accepts Cease-Fire, Hamas Must ‘Say Yes’ Hamas Says It Accepts Biden Ceasefire Deal Without 'New' Israel Conditions
(DBN)

Israel Recovers 6 More Bodies of Hostages
(DBN)

Israel’s Growth Slows Much More Than Expected as War Drags On
(DBN)

No Respite for Turkey’s Economy as Rates Set to Stay at 50%
(DBN)

____________

Venezuela:

Venezuela’s search for a socialist nirvana has become a nightmare
(DBN)

____________

Australia:

Owner distress as companies plunge into administration
(DBN)

Australia Central Bank Signals Rates Will Stay at 12-Year High for ‘Extended Period’
(DBN)

____________

Malaysia:

Debt dilemma: 160,000 bankruptcy cases stalled due to document delays
(DBN)

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