August 7, 2024

The Daily Bankruptcy News

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Law:

The Am Law A-List: Ranking The Most Elite Law Firms In America (2024)
(DBN)

Hogan Lovells Sees $3 Billion Revenue Target Fast Approaching
(DBN)

Will Biglaw Firms Continue To Face Employment Claims In The Wake Of The Talent Wars?
(DBN)

Am Law 200 Firm Faces 3rd Legal Malpractice Suit in 4 Years - This Time Over Alleged Unlawful Distribution
(DBN)

Democrats Have A Long Tradition Of Loving Lawyers
(DBN)

Uber Chief Legal Officer To Hit The Stump For Kamala Harris
(DBN)

Domestic violence victims need shield in attorney character and fitness reviews, ABA says
(DBN)

Law firms are seeing ‘significant resurgence’ in financial health, new report says
(DBN)

Tom Girardi and the Real Housewives Trial of the Century Girardi Defense Looks to Take the Hollywood Drama Out of Saga
(DBN)

Even Donald Trump Thinks The YSL RICO Case Is Unfair
(DBN)

Jenna Ellis Inks Deal To Flip On MAGA In AZ Election Case MAGA Tears Into Jenna Ellis Over Trump Case Deal: 'Lost All Respect' Ex-Trump attorney's cooperation in fake electors case could spell bad news for Giuliani
(DBN)

Arizona Republican becomes first fake elector to plead guilty for role in Trump scheme
(DBN)

SCOTUS Dropkicks Missouri AG's Trollsuit In Support Of Trump
(DBN)

KKK Act suit over 'Trump Train' surrounding of Biden-Harris bus got a step closer to trial
(DBN)

Suspect in false bribery claims against Bidens uses Trump dismissal to attack the case
(DBN)

Jan. 6 rioter with white supremacist tattoos cites Black 'best friend’ at sentencing
(DBN)

Hush-money judge teases ruling on Trump recusal demand over daughter's Kamala Harris ties
(DBN)

‘Billions’ actor Akili McDowell charged with murder in parking lot shooting
(DBN)

US state becomes first to impose surgical castration on child rapists & only the 4th place in the world with punishment
(DBN)

Alec Baldwin’s Trial Was “Improperly” Dismissed By Judge, ‘Rust’ Prosecutor Claims; Wants Armorer’s Retrial Request Rejected
(DBN)

Prosecutors used an AI tool to send a man to prison for life. Now the person who created it is under investigation.
(DBN)

ABA Asks Cops To Pretty Please Stop Lying To Children To Extract Bogus Confessions
(DBN)

Woman seeking 'closure' showed up at ex's home, stabbed new girlfriend in the chest: Cops
(DBN)

Anti-government family lures cops to home where they killed 1, injured 2 others: Sheriff
(DBN)

Mom remembers 3-year-old son but leaves behind infant found dead in hot car: Police
(DBN)

A cop in West Virginia allegedly threatened to shoot a woman during a traffic stop ... then he smashed her car window and body-slammed her to the ground
(DBN)

Prosecutors plan to charge former Kansas police chief over his conduct following newspaper raid
(DBN)

Mother shoots son at 'close range' after telling him 'I'm going to show you something'
(DBN)

NYC journalist who documented pro-Palestinian vandalism arrested on felony hate crime charges
(DBN)

She was found dead with 20 stab wounds and it was ruled a suicide???
(DBN)

Judge dismisses racial discrimination claims while allowing sex discrimination claims to proceed in civil rights lawsuit involving Texas student and locs hairstyle
(DBN)

Maryland’s ban on assault-style weapons upheld
(DBN)

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Judges:

Justice Neil Gorsuch ‘Warning’ Biden Shows He Thinks He’s Untouchable
(DBN)

Sen. Wyden says Thomas took two more undisclosed flights on donor’s jet
(DBN)

Clarence Thomas' Supreme Court Move Leaves Legal Experts Stunned
(DBN)

Misconduct complaint tossed against federal judges who pledged not to hire clerks from Columbia
(DBN)

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Wall Street:

Dow futures jump for a second day, up 300 points as Wall Street tries to recoup sell-off
(DBN)

Panic trade wears off as markets rebound S&P 500, Nasdaq 100 Stage Big Comeback After Three-Day Selloff
(DBN)

Fox News host knocks Trump: ‘You either own the markets or you don’t’ Trump quiet on markets after stock rebound robs him of ‘Kamala Crash’ attack line
(DBN)

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Layoffs:

Dell lays off some managers and sales staff to get 'leaner' amid a 'modernization' Read the memo Dell sent to staff about 'getting leaner' as more jobs get cut
(DBN)

Nissan cuts U.S. salaried workforce amid market struggles
(DBN)

Axios Laying Off 10% of Staff Axios Lays Off 50 Staffers Amid Media Landscape Shift
(DBN)

Texas Children's Hospital is laying off 1,000 due to financial challenges
(DBN)

Tampa Bay Times offers buyouts to staff
(DBN)

Testmaker Cepheid to cut more than 600
(DBN)

Infineon to cut 1,400 jobs
(DBN)

SunPower files for bankruptcy, lays off more than 350 California employees
(DBN)

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Maritime:

An Indian billionaire has an audacious plan to take down part of China's economic master plan
(DBN)

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Media:

Media cuts persist amid ad market slowdown, AI fears
(DBN)

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Climate:

Floods Across the Southeast Due to Debby
(DBN)

Climate Crisis Hinges on Green Power for the Poor, Rockefeller Study Shows
(DBN)

‘Austria wants to remain in fossil ignorance’: Climate activist group to end campaign
(DBN)

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Retailing:

Bankruptcy Watch: Troubled retailer closing hundreds of stores
(DBN)

Big Lots stores in Ohio among 315 locations closing as bankruptcy looms
(DBN)

Babies R Us is reopening in these 200 Kohl’s locations
(DBN)

CVS slashes profit outlook on higher medical costs, says top Aetna executive will leave
(DBN)

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Solar:

SunPower is dead. Who slayed the residential solar giant? Stumbles for Embattled Solar Firm SunPower End in Bankruptcy SunPower Files for Bankruptcy. It’s the Latest Blow for the Troubled Solar Industry CA State Regulators Force Solar Provider Under: SunPower Announces Bankruptcy Bay Area solar company SunPower, once worth $10 billion, files for bankruptcy SunPower Bankruptcy Could Make Solar Industry 'A Bit Healthier,' Investor Says California Solar Subsidy Cuts Lead To Major Rooftop Solar Company’s Bankruptcy In Delaware
(DBN)

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Autos:

Americans just can’t quit their giant, gas-burning trucks
(DBN)

Trump strikes softer tone on EVs after Musk endorsement
(DBN)

China Is Building Hyper-Luxury Electric Vans That The American Mind Cannot Comprehend
(DBN)

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Education:

Kasowitz Defeats Harvard's Motion To Dismiss Civil Rights Lawsuit to Stop Campus Antisemitism
(DBN)

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Crypto:

Bitcoin miner Core Scientific rides AI from bankruptcy to $6.7 billion partnership in eight months
(DBN)

Hedge Funds Pile Back Into Crypto Call Options After ‘Horrific’ Liquidations
(DBN)

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Transit:

NYC’s Transit System Plans to Sell Debt Backed by Mansion Tax Revenue
(DBN)

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Economy:

Stretched consumer: Delinquency rates for credit cards and auto loans tick up
(DBN)

Back-to-school shopping presents ‘pain point’ for families amid high prices
(DBN)

More Americans Are Tapping Home Equity Credit Lines, NY Fed Says
(DBN)

Airbnb just dropped more bad news about the US consumer Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
(DBN)

More Americans Are Tapping Home Equity Credit Lines, NY Fed Says
(DBN)

Recession Fears May Be Overstated, but Not Unfounded
(DBN)

Sahm rule creator doesn’t think that the Fed needs an emergency rate cut
(DBN)

Traders Are Starting to Cash In on Bets for Bigger Fed Rate Cuts
(DBN)

Corporate America stampedes into debt as sales pass US$1 trillion
(DBN)

Risky Borrowers Discover Doors Are Closing in Bond, Loan Markets
(DBN)

NY Fed Q2 Report: Household Debt Increased, Mortgage Originations Remain Low
(DBN)

Trade Deficit Decreased to $73.1 Billion in June
(DBN)

Why an emergency rate cut would be a mistake for the Fed, according to Mohamed El-Erian
(DBN)

Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed
(DBN)

Get ready for nasty layoffs and say goodbye to the 4-day workweek
(DBN)

American business has a gerontocracy problem
(DBN)

Trump says he’ll eliminate Social Security taxes: How would it affect beneficiaries?
(DBN)

Consumer giants from Starbucks to General Mills have one big sales problem: China
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

CoreLogic: US Home Prices Increased 4.7% Year-over-year in June as "Prices Cool"
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
(DBN)

Federal Home Loan Banks Face Amped-Up Pressure From Biden Administration, Senators
(DBN)

Gen Z might be the luckiest homebuying generation. Here's where they're scooping up homes.
(DBN)

Kamala Harris’s recent embrace of rent control, explained
(DBN)

Nearly 25% of Gen Z House Hunters Willing to Sacrifice Safety to Afford a Home: Redfin Survey
(DBN)

Fannie Mae Slashes Headquarters Space in Another Blow to D.C. Office Market
(DBN)

Aztec Fund Files For Ch. 11 With $100M In Liabilities
(DBN)

As investors await distributions, LeFever Mattson company signals its intent to declare bankruptcy
(DBN)

City makes first payments on massive Badlands legal tab, now approaching $236M
(DBN)

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Municipalities:

Dolton mayor Tiffany Henyard’s control wanes as trustees halt spending on village credit cards
(DBN)

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Oil/Gas:

NextDecade Stock Plunges After Court Strikes Down LNG Permit
(DBN)

Oklahoma’s Oil Industry Touts a Voluntary Fund to Clean Up Oil Wells. Major Drillers Want Their Contributions Refunded.
(DBN)

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Politics:

Kamala picks Minnesota Gov. as running mate; Looks to boost ticket in Midwest Tim Walz gets Harris nod: 5 things to know 55 Things to Know About Tim Walz, Kamala Harris’ Pick for VP Military veteran, former public school teacher How Tim Walz became beloved by young voters with a message that the GOP is ‘weird’ Rural appeal Walz disses Trump, mulls Vance debate in first appearance with Harris Tim Walz: Can't Wait To Debate J.D. Vance, "If He's Willing To Get Off The Couch" -- "See What I Did There?" 'Everybody's favorite uncle' Democrats and Republicans go to battle over how to define Tim Walz How the Trump campaign plans to try to define Walz From a Mankato classroom to the White House: Harris names Walz her vice presidential nominee Tim Walz's background feels like it was crafted in a lab for Democrats at this moment How Gov. Tim Walz built a national profile before he went viral Kamala Harris’ Tim Walz VP Pick Praised By Rob Reiner, Hillary Clinton, Biden, Obamas, Lynda Carter, Pete Buttigieg & Others; ‘Daily Show’ Congratulates Newbie On The National Stage Joe Scarborough Was Not Happy With Kamala Harris’ VP Pick Harris hands progressives a major victory by selecting Gov. Tim Walz as her VP Walz Grew Up in Rural Nebraska, Where Finding a Date ‘Was Kind of a Problem’ ‘Pragmatic Midwestern governor’ or ‘cornucopia of liberal psychosis?’ The race to define Tim Walz begins ‘He’s a firewall candidate’: Democrats think Walz will shore up the Rust Belt Why Kamala Harris chose Tim Walz What Walz told Harris in his VP interview Picking Tim Walz was Kamala Harris’s first campaign mistake Harris Chooses Comfort Food: Will America Bite? Early polling shows most Americans haven't heard of VP pick Tim Walz Kamala Harris' VP pick Tim Walz has joked that Trump will attack his progressive policies, like giving Minnesota kids free school lunch and tuition-free college: 'What a monster!' Behind Tim Walz's "weird"-to-VP pipeline GOP breathes sigh of relief over Tim Walz pick as Harris VP nominee Schumer's dream veepstakes Coach Walz Can Help Harris Win Inside the "quiet diplomacy" in Congress for Tim Walz as VP "A deeply personal decision": Shapiro expresses support for Harris-Walz ticket Shapiro: Walz ‘exceptionally strong’ pick for Harris Harris' gamble: Win Pennsylvania without Shapiro How Walz beat out Shapiro and Kelly to become Harris’ running mate Pelosi dismisses "mystifying" GOP branding of Walz as "radical left" Tim Walz's liberal policy agenda hits 2024 presidential race Unions cheer Walz pick as Harris VP 4 reasons why labor unions love Tim Walz Trump campaign slams Harris VP pick Walz: ‘West Coast wannabe’ Vance says he called Walz to offer congratulations on VP pick How Tim Walz could help Harris connect with veterans Tim Walz Has Championed Climate as Governor Fact Checking Gov. Walz Past Statements
(DBN)

‘Who… Wants To Tell Them’: Trump Campaign Roasted Over Slamming Walz For Helping to ‘Allow Convicted Felons to Vote’
(DBN)

Schiff, Newsom mock Trump for suggesting Biden may take back nomination
(DBN)

Comer launches Harris immigration probe with request outside her portfolio
(DBN)

Tracking the 2024 U.S. Presidential Election: Harris Up 5 538 Avg: Harris Up 1.8 Harris almost doubles Biden’s lead on Trump in New York: Poll Poll: Harris jumps to a small national lead over Trump Polls are showing an undeniable shift toward Kamala Harris
(DBN)

Dems outspending GOP nearly 2x on presidential race
(DBN)

Here’s why the internet is convinced JD Vance wears eyeliner Vance Praised Book Calling the Left ‘Unhumans’ and Praising Dictators Harris-Walz act strikes a stunning contrast to Trump-Vance Tim Walz calls Viktor Orbán a dictator. For JD Vance, he's a role model.
(DBN)

Harris-Trump race is first since 1976 without a Bush, Clinton or Biden
(DBN)

Trump says Harris ‘afraid’ to accept Fox News debate
(DBN)

Trump Pulls Out His Birther Bag of Tricks
(DBN)

Donald Trump's Health Is of Increasing Concern to Voters
(DBN)

RFK Jr. grapples with torrent of negative headlines
(DBN)

Kamala Harris Yard Signs Spark Neighbor Complaints, Owner Orders 200 More
(DBN)

Jon Voight Ups the Ante on His Pro-Trump Videos By Claiming ‘the Left Is Trying to Take Away Your Children!’
(DBN)

"Squad" Rep. Cori Bush loses her Democratic primary Bush’s loss raises questions for progressives: 5 takeaways from Tuesday’s primaries Pro-Israel Group’s Funding Helps Oust a Second ‘Squad’ Member
(DBN)

FBI agents carry out search warrant for Republican Andy Ogles amid campaign finance 'mistakes'
(DBN)

Georgia election board says counties can do more to investigate election results
(DBN)

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Sports:

Recent Law School Grad Taking On The Olympic Games
(DBN)

Imane Khelif, at center of gender firestorm, advances to gold medal boxing match
(DBN)

Multiple Olympics 2024 athletes hospitalized after swimming in polluted Seine in nightmare for Paris organizers
(DBN)

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Banking:

Billionaires feud over bankrupt 'anti-woke' Dallas bank
(DBN)

IRS walks back $1.4 billion tax claim against SVB receiver
(DBN)

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Trucking:

Delaware judge to determine fate of pensions’ $7B in claims against Yellow
(DBN)

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Radio:

Lake Tahoe Owner D&H Broadcast Tells Bankruptcy Court It Has Found A Buyer.
(DBN)

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Coal:

Glencore abandons plan to exit coal after investors say no
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Constitution:

Bankruptcy Code v. Federal Arbitration Act . . . & The Constitution’s Uniformity Requirement
(DBN)

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Third Party Release:

The Evolving Status of Settlement Bar Orders after Purdue
(DBN)

How a Supreme Court ruling on bankruptcy could affect Catholic abuse lawsuits
(DBN)

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Aviation:

‘Cockroaches of the factory’: Workers paint a picture of chaos and dysfunction at Boeing
(DBN)

NASA likely to significantly delay the launch of Crew 9 due to Starliner issues
(DBN)

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Tech:

Yup, AI is basically just a homework-cheating machine
(DBN)

Elon Musk's X sues advertisers over alleged 'massive advertiser boycott' after Twitter takeover X sues major brands, ad industry group for antitrust Elon Musk Says Advertisers Are Doing The RICO If They Don't Give Him Money
(DBN)

Elon Musk is helping fuel the flames of far-right rioting on X. An expert says his own platform is radicalizing him.
(DBN)

CrowdStrike accuses Delta of offering ‘misleading narrative’ about outages Microsoft Says Delta Was Largely Responsible for Flight Cancellations
(DBN)

End of the Google era Now that Google is a monopolist, what’s next? ‘Seismic’ Google decision boosts Big Tech antitrust cases In landmark Google ruling, a warning to companies about preserving evidence
(DBN)

SpaceX's new direct-to-cell Starlink satellites are way brighter than the originals
(DBN)

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Furniture:

NC furniture maker resumes production nearly a year after closing with over 500 layoffs
(DBN)

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Healthcare:

Judge greenlights $30M state payments to Steward hospitals Steward will get its $30 million from Mass., even as sale parties continue negotiations Steward Gets $30 Million Lifeline Following Apollo Landlord Deal Resolution calls for public health emergency as Steward sets date to close hospitals Steward bankruptcy: Lawmaker sees momentum shift on Nashoba Valley Medical Center Steward Health Care making 'significant progress' on deals to sell MA hospitals, physician group Local leaders look to save hospital Steward landlords turning over properties to lender, boosting hopes of deals on hospitals this week
(DBN)

Mercy Iowa City Creditors Finally Getting Paid Bondholder payments due in Mercy Hospital bankruptcy
(DBN)

Healthcare Real Estate In ‘Uncharted Waters’ As Bankruptcies Draw Government Scrutiny
(DBN)

Talis Biomedical Shares Tumble Premarket as Company Mulls Bankruptcy
(DBN)

Ohio ban on gender-affirming care for minors upheld by judge
(DBN)

Number of Americans without health insurance rises in 2024, breaking streak of record-low figures
(DBN)

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Celebs:

Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
(DBN)

Bankrupt Katie Price's plan to become an escort
(DBN)

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Religion:

The Bankrupt Ayahuasca Church Where Negligence Led to Death
(DBN)

The rising fear of American Christians - Why are churches arming themselves?
(DBN)

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Food/Beverage:

Italian restaurant chain Buca di Beppo files for Chapter 11 bankruptcy Here's why Buca di Beppo filed for bankruptcy
(DBN)

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Sovereigns:

Creditor China ‘closely monitors’ conditions in post-Hasina, debt-heavy Bangladesh
(DBN)

IMF Says Progress Made Toward Reaching Accord With El Salvador
(DBN)

Pakistan Secures Debt Extension Assurances From China, UAE
(DBN)

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UK:

Council to sell assets to avoid bankruptcy
(DBN)

‘Why Trash Your Own Town?’ An English City Reckons With a Riot Thousands of riot police on standby as UK braces for more riots A Far-Right Elite Stirred Britain’s Race Riots British MPs want to haul Elon Musk before parliament over riots How Muslim counter-protesters went from defending a mosque to attacking a pub As social firms rake in profits spreading fake news, UK is left counting the cost with chaos & terrified communities Social media giants should be held to same legal standards as newspapers and TV stations, MPs say
(DBN)

Thames Water Faces Tighter Oversight in New Turnaround Plan
(DBN)

Peabody wins High Court case against National House Building Council over insolvency insurance
(DBN)

How the British behemoth Burberry became fashion's biggest fail of the year
(DBN)

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Ireland:

‘A matter of days’ from insolvency: How an Irish company came back from the brink
(DBN)

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Russia:

Putin calls for international scheme promoting 'Russian values'
(DBN)

Trump-appointed hostage negotiator pushes back on GOP prisoner swap criticism
(DBN)

Russian Railway Networks Facing 'Imminent Collapse': Report
(DBN)

Death Toll Rises as Russia Battles Incursion From Ukraine
(DBN)

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MENA:

Iraq base attack leaves 5 U.S. troops injured in rocket strike Johnson calls on Biden to release weapons to Israel following rocket attack on US base
(DBN)

Hamas Names Architect of Oct. 7 Attacks to Be New Political Leader
(DBN)

Sexual-Abuse Case Rocking Israel’s Military Broke After Doctors Sounded Alarm
(DBN)

‘Going to a very bad place’: Israeli reservists who refuse to return to Gaza cite military’s destructive approach
(DBN)

Israeli minister says it may be ‘moral’ to starve 2 million Gazans, but ‘no one in the world would let us’
(DBN)

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China:

China Evergrande Aims to Recover $6 Billion From Executives, Others China Evergrande liquidators launch legal action against PwC
(DBN)

Investor files liquidation petition in China against Evergrande unit
(DBN)

China Vanke Sales Slump Extends, Adding to Debt Woes
(DBN)

Han Kun welcomes bankruptcy and restructuring team in joining the firm
(DBN)

It's not just real estate and spending — another pillar of China's economy looks like it's heading for trouble, too
(DBN)

China Exports Unexpectedly Slow in Warning Sign for Economy
(DBN)

China Is Rapidly Building Nuclear Power Plants as the Rest of the World Stalls
(DBN)

Goldman Sees China Oversupply Easing — Just Not for EVs
(DBN)

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Hong Kong:

Banks Poised to Seize More Buildings in Hong Kong, PwC Says
(DBN)

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Venezuela:

Venezuelan Dictator Nicolas Maduro Blames Israel For Civil Unrest
(DBN)

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Australia:

Millers, Noni B, Katies company’s share price plummets as it navigates financial distress Future of Australia’s largest specialty fashion retailer in question
(DBN)

FY24: a wild ride for insolvencies, latest Corporate Insolvency Index reveals
(DBN)

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Japan:

Japan Morphs Into the Center of Worry for Global Investors
(DBN)

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