August 27, 2024

The Daily Bankruptcy News

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Law:

Bonus Waiting Game Reveals Shift in Big Law Compensation Race
(DBN)

Billing rates, demand drive strong US law firm financial performance
(DBN)

Law firms had strong financial performance in first half of 2024, survey says
(DBN)

Leading Restructuring Lawyer Joins Latham & Watkins in New York Gibson Dunn Restructuring Partner Exits for Latham After 16 Months
(DBN)

Rising Star: Benjamin S. Arfa
(DBN)

Menopause Health Benefits Emerge as a Tool in the War for Talent
(DBN)

Charge To Client For Bar Complaint Response Leads To Suspension
(DBN)

Biglaw Firm So Busy It Will Let First Years Start Early
(DBN)

Sidley Offers Associates 'Managing' Titles. Why Isn't It Catching On?
(DBN)

Biglaw Is Getting More Out Of Its Lawyers
(DBN)

The STFU Sanction
(DBN)

Am Law 50 Law Firms 'Outpacing' the Industry More in 2024, as Segmentation Accelerates
(DBN)

Willkie adds 5 partners, 6 associates from this BigLaw firm, adding to growing Chicago office
(DBN)

Lawyer gets stayed suspension for fake blog comments
(DBN)

A Weekly Look at Legal Industry Trends
(DBN)

How to combat cybersecurity threats when using artificial intelligence
(DBN)

Meet the Lawyers Working for Kamala Harris' Campaign Big Law Throwing Harris Fundraisers with a Six-Figure Ticket Tier
(DBN)

Wanted: Lawyers to help with this year’s election
(DBN)

Criminal Case Against Tom Girardi
(DBN)

Iowa man arrested for role in sadistic monkey torture film ring: feds
(DBN)

Amendments to Federal Lawsuit Against BusPatrol Prompts Call for Rule 11 Sanctions
(DBN)

Trump classified documents case: Special counsel urges appeals court to reverse dismissal Special Counsel Asks Court to Revive Charges Against Trump in Documents Case
(DBN)

Arizona judge sets 2026 trial date for Trump allies accused of trying to subvert the 2020 election
(DBN)

Constitutional Right to AR-15s? Gun Group Asks High Court to Review, Strike Down MD's 'Assault Weapons' Ban Federal court upholds Maryland training, background checks for handguns Missouri law declaring federal gun laws ‘invalid’ struck down by U.S. appeals court
(DBN)

Harris flip-flops on building the border wall
(DBN)

Judge puts Biden immigration program on hold after lawsuit from 16 states Federal judge pauses Biden program that offers legal status to spouses of US citizens
(DBN)

Utah Boy, 5, Dies After Shooting Himself with Gun He Found in Parent's Bedroom: 'Our Hearts are Shattered'
(DBN)

Pet prenups are the hot new divorce trend
(DBN)

Missouri AG’s legal war against Media Matters shot down by federal judge
(DBN)

Texas AG raids homes of Latino civil rights group members, setting up a voting rights showdown Texas battles over Paxton-directed searches of Democrats: What you need to know
(DBN)

Father of Trump shooter Thomas Matthew Crooks hires powerhouse criminal lawyer as FBI intensifies investigation into his role in son's assassination attempt
(DBN)

Jury Selection Begins in High-Profile 2021 Colorado Supermarket Shooting Trial
(DBN)

Man accused of decapitating parents sang Tina Turner after being shot by deputies
(DBN)

Rural and suburban areas see higher rates of police shootings than cities
(DBN)

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Judges:

Ex-Bankruptcy Judge to Be Deposed in Court Over Romance Scandal Ex-bankruptcy judge must face questions about once-secret romance and potential bias, court finds
(DBN)

Trump clemency recipient’s arrest draws attention of judge in old drug case
(DBN)

9th Circuit's chief judge cleared of failing to probe possible misconduct
(DBN)

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Wall Street:

Stock futures are little changed after Dow’s record close
(DBN)

Dow closes at new record high on rate cut rally: Here’s what’s next for Wall Street Stocks Close at Another Record High
(DBN)

A booming stock market isn't stopping bears from sounding the alarm on a potential crash. Here's what they're worried about.
(DBN)

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Layoffs:

40% of staff within a Pitt School of Pharmacy research center laid off
(DBN)

IBM to close China R&D department, affecting over 1,000 jobs
(DBN)

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Education:

Bond-issuing Ohio community college district will shutter
(DBN)

Are Israel-Hamas war campus protests coming back? Colleges are bracing either way.
(DBN)

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Autos:

Canada imposes a 100% tariff on imports of Chinese-made electric vehicles, matching the U.S.
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Tech:

Macron on Telegram CEO’s arrest: French government was not involved France extends detention of Telegram chief Pavel Durov Telegram says its CEO has 'nothing to hide' after he's arrested in Paris The bewildering politics of Telegram Billionaire Telegram Founder’s Rebel Streak Puts Freedom at Risk How Telegram’s Founder Went From Russia’s Mark Zuckerberg to Wanted Man How Telegram became a destination for criminals The crazy life and times of Pavel Durov, Russia’s Elon Musk France’s love-hate relationship with Telegram Telegram is a bigger headache than Elon Musk’s X for the EU Arrest of Telegram’s Durov inflames debate over online crime and free speech
(DBN)

Tesla investor Ross Gerber says he's been dumping the stock because no one wants the company's cars or robots
(DBN)

How would we even know if AI went rogue?
(DBN)

Elon Musk’s Lawyers Quietly Subpoena Public Interest Groups - The billionaire’s legal war over lost X advertisers takes a “really cynical” turn.
(DBN)

Zuckerberg says he regrets caving to White House pressure on content
(DBN)

Elon Musk tells X staff to write a one-page summary of their achievements to get stock options, report says
(DBN)

Uber fined €290 million for sending drivers’ data outside Europe
(DBN)

Will A.I. Ruin the Planet or Save the Planet?
(DBN)

Leaked Microsoft salary data shows the pay gap between Microsoft AI and the rest of the company
(DBN)

Mark Cuban is asking Elon Musk to post X's algorithm source code
(DBN)

Elon Musk backs California bill to regulate AI
(DBN)

Digital news consumption has gotten harder to measure
(DBN)

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Retailing:

The surprisingly subdued resurrection of Abercrombie & Fitch
(DBN)

Miami has one of the last two Kmart stores left in the country — and it’s different
(DBN)

Temu's parent company's stock tanked on a major warning sign from the cheap e-commerce brand
(DBN)

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Student Debt:

Student Loan Update as Millions of Americans Slow Down Repayments
(DBN)

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Gig Economy:

Hosts have ruined Airbnb with excessive fees, high demands, and bad customer service, travel experts say
(DBN)

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Healthcare:

No lease, no hospitals: Landlord plays hardball with bankrupt Steward
(DBN)

Trustee balks at $1.3M in incentives for executives in Petersen Health bankruptcy
(DBN)

The huge stakes in the Supreme Court’s new abortion case
(DBN)

Group of Florida doctors says leading Medicaid operator slow to pay
(DBN)

Doctors Saved Her Life. She Didn’t Want Them To.
(DBN)

ACA plan enrollees have limited access to local doctors
(DBN)

Vaccine hesitancy eats into back-to-school shots
(DBN)

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Economy:

More Americans are having to choose between food and energy bills
(DBN)

Fed’s Daly Agrees With Powell View That It’s Time to Cut Rates
(DBN)

The changing role of the US dollar The 4 forces that will challenge the dominance of the dollar, according to economic researchers
(DBN)

US soft landing consistent with weaker dollar: Goldman Sachs
(DBN)

America Could See Exodus of Gen Z Quitting Their Jobs
(DBN)

Gen Z is redefining sick days
(DBN)

Gen X Is So Unprepared For Retirement They're Being Called 'Silver Squatters' Because 1 in 5 Are Counting On Help From Their Kids
(DBN)

Zombie Companies’ Growth and Expansion: Should This Be a Surprise?
(DBN)

Survey Says: More Than 75% of Millennial Workers Would Quit Due to a Bad Manager
(DBN)

Half of Americans under 35 would rather quit their job than work with political ‘opponents.’
(DBN)

Trump and Harris Embody a Stark Partisan Divide on Fighting Poverty
(DBN)

Harris goes after Trump on economy and inflation in new ad
(DBN)

Trump and Harris confront a trillion-dollar question over expiring tax cuts
(DBN)

US regulator's Kroger trial opens with battle over grocery prices
(DBN)

Some business leaders like Jeff Bezos hate the phrase 'work-life balance.' Here's what they prefer instead.
(DBN)

Along U.S. Route 441, Scenes of the Demoralizing American Grind
(DBN)

Increased sausage demand could be worrying signal on the economy
(DBN)

The sense of global gloom is abating
(DBN)

Pensions versus stock market holdings of US households
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Consumers Got a $600 Billion Boost From Locked-In Mortgages
(DBN)

The starter home is making a comeback as the housing market thaws for first-time buyers
(DBN)

A ‘man-made disaster’ could make it trickier to buy or sell a home in some areas this fall, real estate expert says
(DBN)

DOJ Finds Landlords Taking Notes On (Civil) Conspiracy
(DBN)

NJ American Dream Bondholders to Get Paid on Grant-Backed Debt
(DBN)

Flyer Offering $30K Home Grant for Migrants Sparks Outrage, Company Apology
(DBN)

‘Impossible for me to stay here’: New Orleans widow forced to sell ‘forever home’ as soaring insurance costs outpace her retirement budget
(DBN)

Texas Homeowners Facing Tax Hike After Storms
(DBN)

The 10 Markets That Could See the Biggest Home Affordability Gains as Mortgage Rates Drop
(DBN)

10 U.S. housing markets where buyers have the most power right now: They're 'in a good position to negotiate,' expert says
(DBN)

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Municipalities:

Chester receiver proposes selling water authorities to help rescue the city from bankruptcy
(DBN)

MS: Officials Saw Jackson Water Crisis Coming
(DBN)

Cowtown to Boomtown: Barnett Shale revolution supercharged Fort Worth's future - until it didn't
(DBN)

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Oil/Gas:

Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal
(DBN)

US Oil Dominance Hinges on Quiet Corner of New Mexico
(DBN)

Goldman Cuts Oil Outlook Below $80 as OPEC+ Risks Send Chill
(DBN)

US District Court Throws Out Federal Agency’s Assessment Allowing More Drilling for Fossil Fuels in the Gulf of Mexico
(DBN)

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Science:

The staggering death toll of scientific lies
(DBN)

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Politics:

GOP, Democrats prepare for 10-week sprint in dead-even Trump-Harris race Harris Gets DNC Boost But Race With Trump Remains Tight Kamala Harris Trails by 22 Points on Battleground's Big Issue: New Poll 538: Her Lead Expands Harris leads Trump, boosts Democrats’ chances for House, Senate Kamala Harris has 55% chance of winning
(DBN)

Kari Lake Dismisses 'Absurd' Arizona Polls
(DBN)

Is this thing on? Harris and Trump battle over hot mics at debate An open mic at debate could encapsulate Trump's struggles Trump waffles on Harris debate on ABC News, Democratic nominee wants hot mics Donald Trump Isn't Preparing for Kamala Harris Debate Trump and Harris fight over rules for Sept. 10 debate Trump seems to undercut his team’s effort over debate rules
(DBN)

Elon Musk’s Hard Turn to Politics, in 300,000 of His Own Words
(DBN)

Not So 'Powerfulnnz': Trump Deletes Error-Riddled Truth Social Post Are Trump’s campaign rallies energizing his base – or sowing doubt? Trump Can Win on Character Trump On Trump Trump campaign disputes Foo Fighters’ claim song use was unauthorized Trump has promised to use the Justice Department to attack critics and former allies Trump’s Best Strategy to Beat Harris Is Actually Pretty Simple Trump promises to launch Space National Guard if elected Trump's campaign has earthly problems. But he's focusing on outer space. Trump Shifts Abortion Messaging, Angering Both Right and Left Gen. McMaster says Trump bears some responsibility for chaotic Afghanistan withdrawal
(DBN)

Whale Decapitation Is Latest Weird Story To Surface About RFK Jr. Environmental group calls for investigation of RFK Jr. chainsawing whale head Kennedy Family Comes Out Swinging Against ‘Obscene’ RFK Jr. After Trump Defection Kerry Kennedy says father would be ‘terribly disappointed’ with his son RFK Jr. supporting Trump RFK Jr.’s long history of attacking Trump melted away after he endorsed him for president RFK Jr. says he's been tapped for Trump's transition team
(DBN)

Gus Walz Brought Out Both the Joy and the Cruelty
(DBN)

More than 200 Bush, McCain, Romney alums endorse Harris for president, criticize Trump Harris girds for battle with Trump over union workers and their Big Labor bosses Kamala Harris Has Left the Building 'Paint the town blue': Swifties for Kamala Coalition Takes Off Democrats Give Harris Nearly Unanimous Positive Ratings
(DBN)

Republican Donors: Do You Know Where Your Money Goes?
(DBN)

Biden impeachment backlash builds within House GOP
(DBN)

Colorado Republicans oust controversial state party chair, Williams contests results
(DBN)

Kari Lake Stung by Group That Backs Donald Trump
(DBN)

GA Republican Picks New Fight With Donald Trump Days After Making Up GA: Gov. Wants MAGA Election Members Gone Democrats sue over new election rules in battleground Georgia
(DBN)

Man charged in threats to kill election workers in Colorado and Arizona
(DBN)

Parallel Trump shooting investigations launch with dueling events
(DBN)

Gov. Greg Abbott announces more than 1 million ineligible voters have been removed from voter rolls
(DBN)

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Climate:

Revising the cost of climate change - New study of economic toll yields projections ‘six times larger than previous estimates’
(DBN)

"Dangerous" heat envelops Midwest, including Chicago Chicago Is About to Sizzle Under Hottest Days of the Summer
(DBN)

Why Democrats aren’t talking much about one of their biggest issues
(DBN)

Exxon says oil and gas will still be the dominant sources of energy by 2050
(DBN)

Heat-related deaths climbed 117% over 25 years
(DBN)

Massive Fires to Hurt Sugar Production in Top Supplier Brazil
(DBN)

Where Are All of the Atlantic Hurricanes?
(DBN)

UN chief issues global SOS as new reports warn Pacific sea-level rise outstrips global average UN chief calls rising seas a ‘worldwide catastrophe’
(DBN)

China’s Sichuan Sees Blistering Heat Stress Grid and Stunt Crops
(DBN)

Dallas' Extreme Heat Days Rise from 46 to 72
(DBN)

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Accounting:

America's most boring job is on the brink of extinction
(DBN)

I was fired from Deloitte after 18 months. Here are the mistakes I made as a new grad.
(DBN)

A Bottom 100 Firm Signed a Private Equity Deal, We’re Told Some People Aren’t Happy
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (1 new filing today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Litigation:

When is an Issue Tried by Consent?
(DBN)

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Mass Torts:

‘We called her mastodon’: infamous New Orleans orphanage’s abusive history ran deeper than ever known
(DBN)

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Aviation:

‘Barely surviving’: Some flight attendants are facing homelessness and hunger
(DBN)

Elliott Ups Stake in Southwest Air, Advancing Overhaul Push
(DBN)

Boeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS
(DBN)

Qantas accidentally sells first-class tickets for 85% off, report says
(DBN)

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Food/Beverage:

Red Lobster Lenders Tap Ex-P.F. Chang’s Head Adamolekun as CEO Meet the 35-year-old CEO who wants to turn around bankrupt Red Lobster Red Lobster’s new leader is a millennial Wall Street fave who doesn’t believe in work-life balance Red Lobster is closing more restaurants. See where they are
(DBN)

A Struggling Mediterranean Restaurant Chain Is the Latest to Declare Bankruptcy
(DBN)

The restaurants winning and losing the fight for consumers
(DBN)

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Crypto:

Law Firm Facing Suit Over Crypto Representation
(DBN)

Bitcoin miner Rhodium files for bankruptcy in Texas court
(DBN)

Celsius' Bankruptcy Plan Administrator Pays Out Over $2.5B
(DBN)

Crypto Firm Abra Settles with SEC Over Unregistered Securities
(DBN)

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Transit:

Fare Evasion Surges on N.Y.C. Buses, Where 48% of Riders Fail to Pay
(DBN)

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Corporate Reform:

DOJ Pilot Starts Race to Disclose Potential Criminal Misconduct
(DBN)

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Gambling:

Americans are draining stock portfolios to shovel more money into sports betting
(DBN)

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Autos:

It's a great time to buy an EV
(DBN)

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Coal:

This abandoned Alabama coal plant is poisoning the groundwater—but its owners don’t seem to care
(DBN)

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Environmental:

Plutonium levels near US atomic site in Los Alamos similar to Chernobyl, study finds
(DBN)

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Sports:

NFL poised to allow private equity ownership
(DBN)

Mavericks, Pelicans games are leaving their local sports networks ahead of NBA season
(DBN)

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Chemicals:

Smoke Plume Engulfs Houston Skies as TPC Plant Sees Power Loss
(DBN)

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UK:

Directors warned to avoid rogue unlicenced insolvency advisors
(DBN)

R3 In the North West Responds to July 2024 Insolvency Statistics
(DBN)

Kirklees Council: What would happen if authority declares effective bankruptcy?
(DBN)

Katie Price appears in court for bankruptcy hearing after Heathrow Airport arrest Katie Price's ex Alex Reid arrives in court to watch her be grilled over bankruptcy after feud
(DBN)

‘No whites’ graffiti in Birmingham investigated by police
(DBN)

UK Shop Prices Fall for First Time in Almost Three Years
(DBN)

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Canada:

Pushing the Boundaries of Redwater: How Qualex Expands the 'Protective Umbrella' for Environmental Reclamation Obligations
(DBN)

Bank of Canada seen cutting rates deeper, faster over next year
(DBN)

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MENA:

After Hezbollah’s Retaliation, All Eyes Fix on Iran The Israel-Hezbollah escalation has arrived. What next for the Middle East? Mideast Remains on Edge Despite Lull After Israel Bombed Lebanon Israel has rediscovered the power of the preemptive strike
(DBN)

Gaza Cease-Fire Talks Will Continue in Cairo, Officials Say Hamas Says US Trying to 'Sell Illusions' on Gaza Ceasefire Talks Progress made in Gaza ceasefire talks but still work to do on ‘final details,’ US official says
(DBN)

Gunmen kill dozens of people taken from vehicles in Pakistan's restive Baluchistan province
(DBN)

Extreme rhetoric in New York mosques as imams call for destruction of Israel, praise Hamas
(DBN)

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Germany:

Germany’s business climate hits crisis-like levels as the DAX falters
(DBN)

The Man Who Would Make Germany Right-Wing Again
(DBN)

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Russia:

More Americans want the US to stay the course in Ukraine as long as it takes
(DBN)

Missile Barrage on Ukraine Prompts Calls to Lift Restrictions on Striking Inside Russia Russia's Massive Overnight Air Assault Struck Over Half of Ukraine: Kyiv Ukraine to present Biden admin with targets it could hit in Russia, given the chance
(DBN)

Videos of Russian soldiers appearing to surrender en masse suggest inexperience and desperation, experts say
(DBN)

Europe Gas Rises After Russia Attacks Ukraine Compressor Points
(DBN)

Russia Close to Starting Trials of Crypto Payments, Exchanges Russia is turning to crypto as sanctions snarl payments, report says
(DBN)

‘Russians do everything via Telegram.’ Pavel Durov’s arrest upends Kremlin military comms
(DBN)

Ukraine doubles down on Russian reactors in nuclear power push
(DBN)

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Venezuela:

Scores of detainees in Maduro’s post-election roundup are children
(DBN)

No Evidence That Maduro Won, a Top Venezuelan Election Official Says
(DBN)

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Brazil:

Creditors Struggle to Seize Land in Brazil as Bankruptcies Surge
(DBN)

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Bangladesh:

Millions in this country are stranded by flooding. Many blame their neighbor
(DBN)

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India:

IBBI Proposes Amendment to Boost MSME Participation in Insolvency Resolution
(DBN)

Ports to power, what companies facing insolvency mean for Adani Group
(DBN)

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China:

Country Garden Mulls Further Delays to Yuan Bond Payments
(DBN)

PDD’s $55 Billion Stock Crash Sends Warning on Chinese Economy
(DBN)

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