August 29, 2024

The Daily Bankruptcy News

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Law:

Biglaw's Back To Office Misadventures
(DBN)

Second 50 Law Firms Are Trailing Elite Firms and Smaller Peers in Growth
(DBN)

Girardi Convicted, Focus Turns to Failed Firm’s Other Attorneys
(DBN)

Interest in law school is up, LSAC tallies show Law School Applications Are Up!
(DBN)

Crypto Winter Shines on Big Law to Tune of $750 Million in Fees
(DBN)

Randy Mastro, vying to lead NYC legal dept, reveals dispute with Gibson Dunn
(DBN)

Okay Boomer: Generational Differences Are Hurting Law Firms
(DBN)

Law Professors Call Out Colleagues Over Persistent Misrepresentations
(DBN)

The Announcement Of Golden Gate School Of Law's Closing Puts Its Students And Graduates In A Bind
(DBN)

To address lawyer shortage, Indiana could fund scholarships, approve allied professionals, commission says
(DBN)

Lawyer Wanted By Police After Dine And Dash, Skipping Out On Bail
(DBN)

Prominent attorney sentenced for torturous sexual assault at popular camping resort
(DBN)

Finally Someone Hits The Nail On The Head When It Comes To Yale
(DBN)

Trump DOJ Official, Deleted From Indictment, Hits Out at Jack Smith
(DBN)

Jack Smith isn’t backing down: 5 takeaways from Trump’s latest indictment Legal expert explains why Trump's new indictment is far stronger despite being 9 pages shorter Trump blasts Jack Smith’s Jan. 6 superseding indictment for ignoring ’60-day rule,’ but he’s wrong and there’s no ‘legal remedy’ anyway: Former federal prosecutor Jack Smith warns Trump co-conspirators they can't use SCOTUS-granted immunity Constitutional law expert explains what's new in Trump's latest Jan. 6 indictment
(DBN)

Looming court deadlines and hearings threaten to snag Trump's sprint to November
(DBN)

Jim Jordan subpoenas company led by daughter of NY v Trump judge
(DBN)

'We are in tyranny': First rioter to breach Capitol on Jan. 6 clings to conspiracy theory
(DBN)

Accused US Capitol Rioter Skips Obstruction Charge After Supreme Court Ruling
(DBN)

Judge bars Hunter Biden from arguing 1972 crash that killed mom, sister 'caused' addiction
(DBN)

Marijuana user cannot be banned from gun ownership, US court rules
(DBN)

Put Your Pants Back On, Jeff Clark! You're In The Clear!*
(DBN)

Prosecutors and public defenders strike for higher pay in this California county
(DBN)

Bikinis, surfboards and battle-axes? Hawaii loosens long-strict weapons laws after court ruling
(DBN)

8th Circuit decision is setback for ‘constitutional sheriffs’ movement, says gun-safety group
(DBN)

Switchblades are protected by Second Amendment, top Massachusetts court rules
(DBN)

Biden administration may soon restart immigration program that was paused for possible fraud
(DBN)

In ‘Separated,’ a Tragic Trump Policy Meets One of America’s Toughest Filmmakers
(DBN)

Abbott says Texas border issue is solved
(DBN)

Voting Rights Leaders Step Up Election Initiatives After Texas Raids
(DBN)

Democrats Are Already Plotting To Replace Merrick Garland
(DBN)

Sarah Palin granted new trial in defamation lawsuit against New York Times Appeals court bashes judge for usurping Sarah Palin jury but keeps him on the case
(DBN)

Drug smuggler granted clemency by Trump faces new legal problems
(DBN)

Police in New York County Make First Arrest Under a Face Mask Ban
(DBN)

Sophisticated SoCal 'crime tourism' ring stole millions in heists, home burglaries, feds say
(DBN)

Hidden murder suspect falls through kitchen ceiling as feds search home near shooting
(DBN)

U.S. Swatting Probe Leads to Indictment of Foreigners
(DBN)

Judge extends temporary order for transgender New Hampshire girl to play soccer
(DBN)

Was ’80s Child Star Gary Coleman Murdered by His Wife?
(DBN)

‘Owner of the universe’ hides in underground ‘sex slave lair’ as cult diehards form human shield & clash with 2,000 cops
(DBN)

Owners of Pulse nightclub, where 49 people died in mass shooting, won't be charged
(DBN)

Bricks of cocaine washed up on a Florida beach. Here's why it keeps happening
(DBN)

Road-rage biker with dog in sidecar shoots 2-year-old girl riding with family: Police
(DBN)

Doctor Busted For Bizarre Urine Antics
(DBN)

Nevada state official found guilty of killing journalist who exposed corruption in his office
(DBN)

Cold-blooded son used dad's own money to buy freezer where he stored his murdered body
(DBN)

2 men are charged with toppling ancient rock formations at Lake Mead trail
(DBN)

NJ dog sitter shoots, kills couple's beloved pitbull while on vacation, police say
(DBN)

CIA: We foiled Taylor Swift terror attack CIA Official Says Thwarted Terrorist Plot At Taylor Swift Concert Was Intended To Kill “Tens Of Thousands Of People” Including Americans – Reports
(DBN)

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Judges:

US Supreme Court ‘gravely undermining its legitimacy’, Lord Sumption warns
(DBN)

As Wife Named Federal Judge, United States Attorney Chris Kavanaugh Announces Departure at Year’s End
(DBN)

Chemerinsky: Saving American democracy will require constitutional reforms and Supreme Court term limits
(DBN)

Judge who displayed Confederate-flag statue should be removed, judicial conduct commission says
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Wall Street:

 

US Stocks Set to Rebound as Investors Assess Nvidia AI Signals
(DBN)

Why the November election is a win for the stock market no matter who comes out on top
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Layoffs:

A California EV startup is asking its workers to move to Texas, Oklahoma
(DBN)

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Healthcare:

Confused by all the Steward news? Here's where the saga now stands Nurses, advocates rally to keep Carney Hospital, Nashoba Valley Medical Center open Nurses union, health insurer file objections over Steward's plan to close Trumbull hospitals
(DBN)

CEO got big bucks as his hospital chain imploded. Here's who suffered.
(DBN)

Struggling Ohio city pushes back against hospital closures
(DBN)

Death threats, legal risk and backlogs weigh on clinicians treating trans minors
(DBN)

Surgeon accused of letting teenage daughter drill hole in patient’s skull
(DBN)

More Americans embrace COVID vax untruths: Poll What to know about new Covid-19 vaccines
(DBN)

Insect-borne illnesses spike around the world
(DBN)

Fitch Sees Mpox Hitting Africa’s Economic Activity And Finances
(DBN)

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Retailing:

Big Lots Is Considering Bankruptcy Filing After Sales Slump Report: Big Lots Seeking Investors and Considering Bankruptcy Big Lots slumps after report it's evaluating bankruptcy filing
(DBN)

Abercrombie Sales Beat Underwhelms After Big Run-Up in Stock Shares of Abercrombie & Fitch plunge 15% after CEO warns of ‘increasingly uncertain environment’ Even retail's biggest comeback story isn't safe from economic worries
(DBN)

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Trucking:

Pride creditors allege ‘historic mismanagement,’ say they’ve lost faith in bankruptcy Monitor
(DBN)

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Steel:

Nippon Steel Looks to Woo US Union With Extra $1.3 Billion
(DBN)

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Fintech:

Hindenburg Target Tingo Fails to Respond to SEC Fraud Lawsuit
(DBN)

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Climate:

Why hurricane season is suddenly quiet — and what’s in store A Surprising Lull in Atlantic Hurricane Season Is Showing Signs of Ending
(DBN)

Heat wave to break records from Ohio Valley to Mid-Atlantic
(DBN)

How climate change could be making Midwest summer’s ‘corn sweat’ stickier
(DBN)

Canada's wildfires last year emitted more carbon than the annual total of all but 3 countries
(DBN)

Heat dome brings extreme temps and humidity to the East, prompting early school dismissals
(DBN)

Mexico's drought is so severe you can see the effects from space
(DBN)

Podesta Heads to China for New Round of Climate Talks
(DBN)

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Economy:

401(k) millionaires reaches record high: Fidelity
(DBN)

A US recession could hit by election time unless there are aggressive interest-rate cuts, analyst says
(DBN)

The US could enter a recession if the Fed doesn't cut rates, strategists say
(DBN)

The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says
(DBN)

Fed Embraces Gradualism, a Familiar Policy for Uncertain Times
(DBN)

Resilient Economy 'Feels Very Untrue' to Many Americans
(DBN)

The US economy will start losing jobs by the end of this year, top economist says
(DBN)

How Wall Street Learned About Last Week’s Labor Data Before the Public
(DBN)

The American Dream Feels Out of Reach for Most
(DBN)

The typical U.S. worker out-earned inflation by $1,400 a year, data shows
(DBN)

Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so Warren Buffett's company is worth $1 trillion for the first time — but he may not be celebrating
(DBN)

Both parties have supported a higher child tax credit – but then their plans for families diverge
(DBN)

Residents in Boston suburb raised $20K after town officials shut down boy’s ice cream stand
(DBN)

The middle class's worst retirement fear
(DBN)

Ford joins list of companies walking back DEI policies
(DBN)

House GOP braces for preelection spending drama
(DBN)

Mining Billionaire Who Banned Work From Home Targets Coffee Runs
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Mortgage rates fall to their lowest since April 2023. Here's where rates could head next
(DBN)

US home prices hit another record high
(DBN)

Donald Trump Takes to X to Attack Kamala Harris on House Prices
(DBN)

Bankruptcy Part “Deux” for Le Penthouse
(DBN)

Katz’s klosed but could make comeback with sale of Nate Paul building
(DBN)

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Oil/Gas:

Gas Prices Set to Reach Three-Year Low for Labor Day Weekend Travel
(DBN)

Fears of U.S. Economic Hard Landing Erase Gains from Libya Oil Shutdown
(DBN)

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Municipalities:

Chester’s plans to rescue the city from bankruptcy by selling water systems is meeting resistance
(DBN)

America's big cities are losing their one big advantage
(DBN)

The For-Profit City That Might Come Crashing Down
(DBN)

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Banking:

Banking Regulators’ Growing Concerns Over Bank-Fintech Partnerships
(DBN)

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Corporate Governance:

"Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay
(DBN)

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Autos:

Questions about the safety of Tesla’s ‘Full Self-Driving’ system are growing
(DBN)

Chinese Tesla rival launches $22,000 EV with self-driving features. Here's why that's a big problem for Tesla.
(DBN)

J.D. Power Cuts EV Sales Forecast in US
(DBN)

The Truck Fire at Rivian's Factory Is Anything But Normal
(DBN)

China Conquers Mexico’s Automotive Market, and the US Is Worried
(DBN)

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Food/Beverage:

What all these bankruptcies say about the state of restaurants right now
(DBN)

Bankrupt Buca di Beppo has a potential buyer Tin Roof investor bids to buy Buca di Beppo amid Ch. 11 bankruptcy
(DBN)

Maryland ice cream factory behind US listeria recall files for bankruptcy
(DBN)

Organic food company files for Chapter 11 bankruptcy
(DBN)

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Crypto:

From bankruptcy to multi-billion dollar partnership
(DBN)

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Politics:

New poll shows Trump and Harris tied in Miami-Dade Trump leading Harris among independents: Poll Kamala Harris has a 56% chance of winning the Presidency Harris cuts Trump’s lead in Sun Belt states: Fox News poll Harris gains on Trump in Sun Belt states where Biden struggled, Fox poll finds
(DBN)

How Popular Are Project 2025's Proposals? We Asked Americans Harris campaign launches ad blitz tying Trump to Project 2025
(DBN)

Democrats Drive Surge in Election Enthusiasm
(DBN)

Kamala Harris’ election would defy history. Just 1 sitting VP has been elected president since 1836 Harris gains on Trump on economy and crime, poll finds Harris-Walz Ads Portray Trump as Vengeful Autocrat Jesse Watters Asks if Voters Will Really Make a ‘Frightened Woman’ President How is Kamala Harris getting away with this? Inside the tension in Harris' "Frankenstein" team Harris faces extra scrutiny in first interview as nominee
(DBN)

Why Gavin Newsom lost star surrogate status under Kamala Harris
(DBN)

Here’s What We Know About Tim Walz's Net Worth Republicans want voters to think Walz lied about his dog. False GOP claims could cause real damage
(DBN)

‘She Can Go To Hell!’ JD Vance Drops Wild Attack On Kamala Harris Vance opens up on running with Trump: 'We're each trying to talk to different people in different ways' "Divide and conquer": How Vance helped Trump make amends in Georgia JD Vance comments on awkward donut shop video, says he feels 'terrible' for employee Vance backlash reignites as another childless woman comment resurfaces Vance to speak at Boston firefighters convention the day after Walz 'They tried to kill him' is now the bogus claim Vance uses to introduce Trump
(DBN)

You Want Policies? Trump’s Got Policies. Donald Trump called AI 'very dangerous' — it hasn't stopped him posting what looks like AI-generated content Harris preps for debate with Google lawyer, creating 'conflict of interest,' Trump campaign says Donald Trump's Interview with Dr. Phil—Fact-Checked States keep denying RFK Jr.'s requests to be removed from their ballots, which was key to his plan to help Trump win How Unmuted Debate Microphones Could Hurt Donald Trump Team Trump Attacks Arlington Staffer As ‘Mentally Ill’ Disgrace To ‘Hollowed’ Gravesite After Fracas Over Photo Op Trump team pushes back on reported confrontation at Arlington Cemetery Trump posts campaign video after cemetery incident Fallout from Trump’s Arlington National Cemetery visit continues after campaign video Arlington National Cemetery’s Section 60 is a focus of controversy. What is the area? Trump’s argument of electoral inevitability adds an ally: God Trump says he would win California if ‘Jesus … was the vote counter’
(DBN)

RFK Jr.: Wife’s reaction to Trump endorsement ‘opposite of encouraging’
(DBN)

One place Trump and Harris supporters agree: America might not be fixable
(DBN)

Peggy Flanagan is poised to become the country’s first female Native American governor
(DBN)

House Trump shooting task force makes sweeping interview and records requests 4 Republicans tasked with investigating the Trump assassination attempt didn't show up for a site visit FBI gives update on Trump assassination attempt Trump assassination attempt: FBI reveals first photos of Thomas Crooks’ firearm, IEDs in car trunk Motive still a mystery in Trump assassination attempt Trump shooter saw rally as 'target of opportunity,' FBI says FBI Accesses Encrypted Email Accounts of Trump Shooter
(DBN)

Poll: Kari Lake Getting Smoked in Arizona
(DBN)

Pro-abortion ballot initiatives backed by at least half of Republicans in Arizona, Nevada ‘He’s Alienating His Base.’ An Anti-Abortion Activist Explains Why She Isn’t Voting for Trump.
(DBN)

Georgia’s MAGA elections board is laying the groundwork for an actual stolen election The path to destroy American democracy runs through Georgia
(DBN)

How swing states came to be critical in U.S. presidential elections
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Labor:

Labor union disapproval hits 57-year low
(DBN)

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Student Debt:

Supreme Court temporarily bars latest Biden student debt relief plan Supreme Court won't reinstate Biden's loan repayment program Supreme Court Keeps Biden Student-Loan Relief Plan on Hold
(DBN)

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Maritime:

Houthis Say Tugs Can Tow Away Stricken Red Sea Oil Tanker
(DBN)

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Hotels:

Breaks in water pipeline for Grand Canyon prompt shutdown of overnight hotel stays
(DBN)

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Distressed Investing:

Most-Hated Credit Trade Turns Into a Big Winner for Hedge Funds
(DBN)

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Sports:

Diamond Sports Group, NBA reach agreement: Grizzlies games expected to air on Bally Sports
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Physician practice and clinic bankruptcy filings have surged 60% year-over-year in 2024
(DBN)

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Mass Torts:

Heritage to Auction Boy Scouts of America Masterpieces to Compensate Survivors of Childhood Sexual Abuse
(DBN)

‘Good Faith’ Bankruptcy Filings Get Fresh Look Ahead of J&J Move
(DBN)

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Intercreditor:

JPMorgan Pitches Solution to Creditor on Creditor Violence
(DBN)

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Aviation:

United Airlines flight attendants vote to authorize strike: Will it impact travel?
(DBN)

United flight diverted due to 'severe turbulence'
(DBN)

Azul Eyes Options to Rework Debt Amid Brazil Airline Deal Talks
(DBN)

Lula’s Airline Rescue Plan Wins Approval in Brazil’s Lower House
(DBN)

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Festivals:

Burning Man kicks off with hundreds of private jets descending on the Nevada desert
(DBN)

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Tech:

Nvidia revenue soars to record amid growing questions about AI spend, competition Nvidia’s sales forecast fails to meet lofty expectations
(DBN)

Latest GPT 'Fake Case' Kerfuffle Brings New, More Exciting Ways For AI To Mess Up
(DBN)

French prosecutors say Telegram messaging app CEO has been freed from custody, will appear in court Telegram CEO’s brother also wanted by French authorities Telegram CEO Pavel Durov charged for allowing alleged criminal activity on app, and banned from leaving France Can Tech Executives Be Held Responsible for What Happens on Their Platforms?
(DBN)

Point: Mark Zuckerberg's Problem Isn't Free Speech, It's Lies Counterpoint: Mark Zuckerberg Just Blew the Whistle on Biden's Contempt for Free Speech
(DBN)

AI demand could strain electrical grid in coming decade
(DBN)

Trump Media stock falls below $20 per share, a first since company went public Trump's social media stock is tanking. Here are 2 possible reasons.
(DBN)

CrowdStrike customers delay, scrutinize deals after global IT outage
(DBN)

Judge threatens to shut down X in Brazil
(DBN)

Yelp hits Google with antitrust lawsuit
(DBN)

California AI bill divides Silicon Valley
(DBN)

The year is 2149 and …
(DBN)

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Education:

Closed Philadelphia Arts School Gets Urgent Bond Payoff Demand
(DBN)

'She hurt me': Teacher stops story time to put boy with autism, 3, into chokehold: Cops
(DBN)

Right-Wing Group Funded by Project 2025 Megadonors Targets North Texas Educators
(DBN)

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Edtechs:

2U’s Bankruptcy Bonanza: Executives Pocket Millions in Bonuses
(DBN)

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Sovereigns:

IMF Team to Visit Ukraine Next Week for Budget and Loan Review Ukraine’s Bondholders Approve $20 Billion Debt Restructuring
(DBN)

Nigeria’s debt crisis: Private creditors pose major economic threat
(DBN)

Break the taboos propping up unsustainable debt, pleads a former central banker
(DBN)

Africa’s Debt Crisis Has ‘Catastrophic Implications’ for the World
(DBN)

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UK:

Thames Water Sees Bills Rising 59% Under Revised Plan
(DBN)

Why council has spent £763k on new fleet of cleaning machines amid bankruptcy concerns
(DBN)

UK’s Starmer lovebombs Scholz — but no going back on Brexit
(DBN)

Britain’s bankers are quietly hoping for another Trump term
(DBN)

Debt Overhaul Plan Filed for Sumitomo-Controlled Nickel Mine
(DBN)

UK Banking Complaints Surge 70% on Credit Cards, Car Finance
(DBN)

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EU:

Euro-Zone Economic Confidence Inches Up on Industry, Services
(DBN)

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Canada:

Cannabis retailer Tokyo Smoke to close 29 stores amid creditor protection proceedings
(DBN)

Victoria Gold legal woes continue as creditor list goes public
(DBN)

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Italy:

Captain of superyacht that sank off Sicily declines to respond to prosecutor questions, lawyer says
(DBN)

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MENA:

Israeli forces launch a big operation in the West Bank and kill at least 10 militants Israel launches largest raids in occupied West Bank in at least 20 years Jenin, a Target of Israeli Raids, Is a Symbol of Rebellion for Palestinians
(DBN)

U.S. sanctions group that supports illegal West Bank outposts
(DBN)

Threat of War With Israel Redefines ‘Normal’ Life in Beirut
(DBN)

Libya’s Central Bank Coup Turns to Farce With Plea for Passwords
(DBN)

The Military Tried To Hide Evidence of a Massacre. A Lawsuit Just Exposed It.
(DBN)

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Germany:

Bankrupt fashion retailer Scotch & Soda closing all German stores
(DBN)

As the far right rises in eastern Germany, companies struggle to attract skilled foreign workers
(DBN)

The East Rises in Germany, and So Does Political Extremism
(DBN)

Chinese cyberattacks hit nearly half of German firms, study
(DBN)

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Russia:

Shelling Kills 6 in Ukraine as Russia Pushes Ahead in East
(DBN)

Ukraine Strikes Distant Russian Region for First Time
(DBN)

Russia feels unfamiliar pain as Ukraine hobbles its air defenses, forcing tough choices
(DBN)

Putin rushes 30,000 troops to Kursk in bid to stop Ukraine advance – and plots new assault as ‘B-tanks’ mass in Belarus Russia is going to have a tough time trying to take Kursk back from Ukraine, says CIA deputy director
(DBN)

Zelenskyy’s new plan to end the war, explained
(DBN)

Russians are waking up to Putin’s Ukraine folly
(DBN)

It’s time to let the big dog off the leash in Ukraine
(DBN)

Putin’s next coup
(DBN)

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China:

SINO-OCEAN GP Offshore Creditors Group Demand Improvements to Restructuring Terms, Warn Insistence of Court Liquidation if Refused
(DBN)

China’s 5% Growth Target Faces Rising Doubt as UBS Cuts Outlook
(DBN)

US, China senior officials agree to Biden-Xi call in coming weeks
(DBN)

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Venezuela:

Maduro opponents take to streets to revive protests disputing Venezuelan election results
(DBN)

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Mexico:

Man sent dozens of guns to Mexico, claiming he was helping relatives protect themselves, feds say
(DBN)

Mexico’s Central Bank Slashes 2024 GDP Growth Forecast to 1.5%
(DBN)

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Hong Kong:

Hong Kong court finds two former "Stand News" editors guilty of sedition
(DBN)

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South Korea:

Korea Sets Tight Deadline for Lenders to Clean Up Property Loans
(DBN)

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Australia:

Only 1¢ in the dollar for creditors in Mighty Craft wipeout
(DBN)

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