August 8, 2024

The Daily Bankruptcy News

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Law:

Successfully 'Shrinking' Biglaw: How This Top Firm Rose In The Rankings
(DBN)

Law Firm Calls Attorneys Back To Office After Years Of Letting Folks Freely Work From Home
(DBN)

Jamie Sprayregen on the Restructuring Landscape: State of Distressed Debt
(DBN)

Rule change to allow paraprofessionals to offer limited legal services proposed by top Texas court
(DBN)

The Law Firms Are Getting Bigger In Texas
(DBN)

‘Kingpin’ Girardi Hid $53 Million Settlement, Client Says • ‘Real Housewives’ Trial Explodes: Erica Jayne’s Ex Tom Girardi Used Clients’ Multi-Million Settlements as ‘Personal Piggy Banks’
(DBN)

Maybe Don't Tweet That Destroying Evidence Subject To Lit Hold Is A Good Idea?
(DBN)

Big Law Is Questioning the ‘Magical Thinking’ of AI as Messiah
(DBN)

Eversheds Sutherland Welcomes Bankruptcy and Financial Restructuring Partner Todd C. Meyers
(DBN)

Arizona grand jurors wanted to indict Trump, prosecutors urged them not to
(DBN)

Arizona "fake elector" takes plea deal
(DBN)

Jan. 6 rioter taken into custody after threatening posts targeting Justice Barrett, AG Garland
(DBN)

US prosecutors says Romanian businessman hired Hunter Biden to seek US policy influence
(DBN)

Chutkan in charge: Judge ignites flurry of activity in Trump Jan. 6 case
(DBN)

Tina Peters' Aide Testifies Against Her
(DBN)

Senate investigation finds sexual misconduct is a ‘pervasive problem’ throughout Coast Guard
(DBN)

1st Circuit rules against Satanic Temple in challenge to city council snub
(DBN)

Bush Administration Lawyer Whose Wife Was Killed on 9/11 Supports Plea Deal • 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
(DBN)

Assault weapons that are ‘disproportionate to the need for self-defense’ can be banned, 4th Circuit says
(DBN)

Illinois Gov. Pritzker says sheriff whose deputy killed Sonya Massey should resign
(DBN)

Florida woman arrested for ambush murder in killing of deputy, claimed she worked for God
(DBN)

A Florida mom claimed her neighbors were pedophiles and tried to have them killed, authorities say. Deputies were ambushed, instead.
(DBN)

Attorney Accused Of Trying To Buy Babies
(DBN)

4th Circuit upholds drug conviction despite use of rap lyrics during trial
(DBN)

The DOJ says a man with Iranian ties in New York tried to hire hitmen, a female spy, and a fake protest mob to assassinate US officials
(DBN)

The Safest Communities in America
(DBN)

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Judges:

Court Seals Hearing Over Ex-Bankruptcy Judge Romance, Fee Fight • Ex-bankruptcy judge David Jones defeats bid for his phone records in tangled fee dispute
(DBN)

Judge Borrows Trick From Preschool Teachers To Make Sure Prosecution Is Being Honest
(DBN)

High Court’s First Asian Justice May Be Byproduct of Trump Hunt
(DBN)

The Law as Justice Gorsuch Sees It
(DBN)

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Wall Street:

Stock futures fall as market comeback from Monday’s rout falters
(DBN)

European Stocks Resume Slide on Earnings, Economic Uncertainty
(DBN)

European Stocks Have Best Day Since November in Broad Rebound
(DBN)

Why Financial Markets Are Like Toddlers
(DBN)

What Caused the Global Market Meltdown? Your Questions Answered
(DBN)

Tough summer for U.S. stocks overshadows estimate-beating earnings
(DBN)

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Politics:

Majority of US adults say democracy is on the ballot but they differ on the threat: AP-NORC poll
(DBN)

Democrats Harris, Walz to campaign in crucial Michigan, Wisconsin • The math behind why Harris picked Walz • Despite new criticism, Trump told Walz in 2020 he was 'very happy' with his handling of George Floyd protests • How liberal is Tim Walz? • Democrats Have Needed Someone Like Tim Walz for Decades • Tim Walz Owns No Real Estate, ‘Crypto or Racehorse Interests’ • Tim Walz's "big dad energy" wins hearts across the internet • Teachers swoon over Walz joining Democratic ticket • Tim Walz brings extensive China experience to Democratic ticket • Michael Steele on Vance-Walz matchup: ‘Hillbilly Elegy against the real hillbilly’ • Axelrod suggests Harris passing over Shapiro was ‘mutual’ decision • Axelrod: Walz ‘delivered some heavy blows’ to the GOP ticket • Kamala Harris made a brilliant pick with Tim Walz • Why Trump supporters are calling Walz ‘Tampon Tim’ • Trump, allies hit Harris and Walz with barrage of personal attacks • Buttigieg brushes off GOP attacks on Harris-Waltz ticket: ‘They’re flailing’ • ‘He doesn’t come off as scary’: Walz makes his mark in Wisconsin • Tim Walz Is the Only Man in Politics Who Can Pull Off a Camo Cap • Harris’ Vice President Pick Brings Farming Issues Off Backburner • ‘Bringing back the joy’: Walz’s first day keeps Democrats’ buzz going • Trump has never had to face someone with Kamala Harris’s raw talent • Americans largely split on Walz as Harris’s running mate: Survey • How Undecided Voters Feel About Tim Walz • J.D. Vance Slams VP Rival Walz for ‘Stolen Valor’ • Tim Walz, Who Spent Decades as an Enlisted Soldier, Brings Years of Work on Vets Issues to Dem Ticket • Battle begins over Vance and Walz military records • What to know about Walz's military record and Vance's accusations of 'stolen valor' • Vance runs a Swift Boat attack against Walz's military service • Tim Walz’s military record, National Guard departure get new scrutiny • Republicans start tearing down Walz by going after his military record • Right-wing media figures launch flurry of attacks on Tim Walz in race to define VP candidate • Picking a running mate: Inside the 16 days between Kamala Harris’ launch and her choice of Tim Walz • Republicans Simply Can’t Figure Out How to Knock Down Tim Walz • What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate • What is Tim Walz's record on the economy? Look at Minnesota • Why everyone from Joe Manchin to the DSA is happy with Tim Walz • Tim Walz’s Sudden Rise in the Democratic Party Was No Accident • Carville: Vance doesn’t want to get ‘within 50 miles’ of Walz • ‘It Brought Armed People to My House’: Tim Walz on Being Targeted By Donald Trump
(DBN)

The Most & Least Popular U.S. Governors
(DBN)

Joe Biden Tells CBS News He’s “Not Confident At All” That There Will Be A Peaceful Transfer Of Power If Donald Trump Loses
(DBN)

Online Betting: Who will win the 2024 US presidential election? • Tester locked in tight race in Montana; Trump holds wide lead over Harris: Poll • Harris leads Trump in YouGov poll for second week in a row • Trump holds 2-point lead over Harris with a big advantage on economy, CNBC survey shows
(DBN)

Trump says he’ll be debating Harris ‘in the pretty near future’
(DBN)

Vance tries to confront on tarmac, calls Air Force 2 his 'future plane' • It’s getting worse for JD Vance
(DBN)

Mark Cuban says he once supported Trump. Then he got to know him: 'He was unethical then, and he's still unethical.'
(DBN)

Trump keeps losing his train of thought. Cognitive experts have theories about why
(DBN)

Epstein Conspiracy Theorist Leaks His Texts With J.D. Vance • JD Vance in texts with far-right figure: Profane and off-the-cuff
(DBN)

“F*** These Trump-Loving Techies”: Hollywood Takes On Silicon Valley in An Epic Presidential Brawl
(DBN)

Cori Bush calls out AIPAC after defeat: ‘I’m coming to tear your kingdom down’
(DBN)

US support for Israel is collapsing. And AIPAC knows it
(DBN)

Mark Cuban says the 2024 election is coming down to Ivy League insiders versus outsiders
(DBN)

What Do Conspiracy Theorists Do When Proved Wrong? Double Down or Move On.
(DBN)

GOP candidate who torched LGBTQ-inclusive books finishes 6th in Missouri primary
(DBN)

2024's priciest Senate races
(DBN)

Dems in tough Senate races show up for Harris after spurning Biden
(DBN)

Harris responds to Gaza protesters at rally: ‘I am speaking now’
(DBN)

Court blocks enforcement of Arizona’s voter intimidation rules, just before election
(DBN)

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Television:

Warner Bros. Discovery says it overpaid for its TV networks by $9 billion • Warner Bros Discovery Writes Down TV Assets by $9 Billion Amid Uncertainty Over Fees, Sports Rights Renewals
(DBN)

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Tech:

Google’s antitrust ruling has experts looking to 25-year-old Microsoft case for answers
(DBN)

States are rapidly adopting laws regulating political deepfakes
(DBN)

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Retailing:

Left Behind in the Retail Real-Estate Comeback: Department Stores
(DBN)

Discount retailer Big Lots plans to shutter more than 300 stores
(DBN)

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Economy:

A ‘soft landing’ is still on the table, economists say
(DBN)

Jamie Dimon says he still sees a recession on the horizon
(DBN)

In the data that matters most, so far it's a slowdown, not recession
(DBN)

As inflation fury lingers, politicians join customers in pushing companies to cut prices
(DBN)

Over 90% of US Population Growth Since 2020 Came From Hispanics
(DBN)

America is missing a golden opportunity to boost the job market
(DBN)

Dimon Says He’s Skeptical Inflation Will Return to Fed’s 2% Target
(DBN)

Warren Buffett now owns more T-bills than the Federal Reserve
(DBN)

To Avoid a Recession, Consumer Spending Is Key
(DBN)

US Consumer Borrowing Rises Less Than Forecast on Credit Cards
(DBN)

There's a double-edged sword high performers face at work, and it's costing employers their talent
(DBN)

Trump Dangles New Tax Cut Proposals With Real Political Appeal • The U.S. Can't Afford To Cut Taxes on Social Security Benefits
(DBN)

Las Vegas June 2024: Visitor Traffic Up 1.8% YoY; Convention Traffic Down 7.9%
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Tax Revenues From New York City Office Buildings Rise, Despite Vacancies
(DBN)

US Mortgage Rates Tumble to 6.55% in Biggest Drop in Two Years • How mortgage rates could fall further
(DBN)

1st Look at Local Housing Markets in July
(DBN)

Buyers catch a break: Home prices just fell most in 2 years
(DBN)

Manhattan Renters Shift to Smaller Apartments to Save on Costs
(DBN)

Operating theaters, bowling alleys and home cinemas: Not happy with safe rooms, the super-rich are building luxury fortresses
(DBN)

Woodlawn-Area Groups To Get $3 Million In Grants Thanks To Disgraced Developer’s Bankruptcy
(DBN)

Chip and Joanna Gaines face lawsuit over taxes owed on Waco castle
(DBN)

Squatters take over dozens of Texas homes
(DBN)

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Oil/Gas:

US oil output notches fresh record in August
(DBN)

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Climate:

7 in 10 Americans say extreme heat impacting electricity bills: Survey
(DBN)

Debby Drowns Downtown Charleston Under 14" Of Rain
(DBN)

18 House Republicans ask Johnson not to target IRA clean energy tax credits • House Republicans Tell Johnson Not to Repeal Climate Law Credits
(DBN)

Parts of Europe Set for Year’s Hottest Day With Spain at 42C
(DBN)

Great Barrier Reef waters warmest in 400 years
(DBN)

Warm Air and Warm Oceans Power Storms Like Debby
(DBN)

Will We Survive the Next 100 Years?
(DBN)

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Autos:

Huge Fire Sparked by a Mercedes-Benz EV Adds to Safety Concerns Dogging Industry • Mercedes-Benz EQS explosion sends 23 to hospital • Cities aren't ready to handle EV fires, experts say
(DBN)

Rivian Still Losing Over $32,000 Per EV • If Only Rivian’s Electric SUV Drove as Smooth as It Looks
(DBN)

Wholesale Used Car Prices Increased in July; Down 4.8% Year-over-year
(DBN)

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Theme Parks:

Why Disney is suddenly worried about its theme parks • Disney’s Parks Struggle, Exposing a New Trouble Spot • Disney Results Mixed as Weaker Parks Offset Streaming Profit
(DBN)

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Pharma:

Suddenly, Wegovy sales are disappointing
(DBN)

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Solar:

SunPower's Demise Underscores an Industry Primed for Casualties
(DBN)

Sunrun sees market opportunity after SunPower files for bankruptcy, company’s shares surge
(DBN)

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Student Debt:

Nearly half of student loan borrowers are expecting debt forgiveness, Sallie Mae report finds
(DBN)

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Food/Beverage:

(Blood) Red Lobster. Part II
(DBN)

Popular meal prep brand files unexpected Chapter 11 bankruptcy
(DBN)

Here are the companies that have filed for bankruptcy this year
(DBN)

Del Monte Foods Restructuring Plan Shuffles Creditor Hierarchy
(DBN)

‘I feel lost’: Food truck builder files bankruptcy after taking millions from customers • Orlando food truck manufacturer that filed for bankruptcy may have taken customers funds overseas
(DBN)

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Edtech:

Byju’s US Judge Rejects Effort to Stop Payment to India Cricket
(DBN)

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Crypto:

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
(DBN)

‘Just Keep Going’: Former FTX General Counsel Ryne Miller
(DBN)

Understanding Celsius Network Adversary Proceedings: An Insight into the Complexities of Bankruptcy Claims
(DBN)

Diamond hands: Mt. Gox creditors hodl Bitcoin despite 10-year wait
(DBN)

Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens • Ripple Hit With $125 Million Penalty, Fraction of SEC Claim
(DBN)

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Gig Economy:

The end of Airbnb? Once-popular rentals site's shares tumble 14% thanks to retro travel trend
(DBN)

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Transit:

Watchdog: Too many D.C. Metro trains are run by exhausted (or drunk) drivers
(DBN)

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Biofuel:

EPA Probes Biodiesel Supply Chains as Fraud Concerns Mount
(DBN)

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Healthcare:

Steward closing in on deals to sell 5 Mass. hospitals • Steward closings will be subject of DPH hearings next week • Boston City Council sounds alarm over Carney Hospital closure • As bankrupt Steward sells and closes hospitals, Ralph de la Torre visits Versailles to watch the Olympics
(DBN)

Most Americans hold unfavorable view of US healthcare system in new survey
(DBN)

US abortion numbers have risen slightly since Roe was overturned, study finds • Abortions exceed pre-Roe numbers as telehealth access grows
(DBN)

The TikTokers Making ‘Get Ready With Me’ Videos of Their Abortions
(DBN)

Manhattan Planned Parenthood Will Stop Offering Abortions After 20 Weeks
(DBN)

Where Tim Walz stands on abortion rights, IVF • Tim Walz’s personal story spotlights IVF. That could be a problem for Republicans.
(DBN)

IVF Changed America. But Its Future Is Under Threat
(DBN)

The robo-dentist will see you now: AI bot operates on a live human without supervision for the first time - and it's 8 times faster than a normal specialist
(DBN)

Health centers face staff shortages, more patients
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Strategy:

Restructuring Becomes Pit Stop to Bankruptcy for Risky Borrowers
(DBN)

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Avoidance Actions:

Texas Bankruptcy Court Recommends Denying Summary Judgment in Case Alleging Fraudulent Transfer of PPP Funds to Make Settlement Payments
(DBN)

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Mass Torts:

Volunteer with key role in New Orleans church bankruptcy admits to stunning lack of qualifications
(DBN)

Catholic Sexual Abuse in New Jersey: Part II
(DBN)

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Cross-Border:

Byju's says US bankruptcy court dismissed lenders’ plea against its settlement with BCCI • US Court Rejects GLAS Trust Company's Bid Against BCCI-Byju's Settlement
(DBN)

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Aviation:

Tighter Aircraft Market Demands Creative Restructuring Solutions
(DBN)

Boeing Starliner astronauts have now been in space more than 60 days with no end in sight • NASA considers keeping Boeing astronauts on the space station until February • NASA’s Boeing-sized headache
(DBN)

Boeing still doesn’t know who removed and reinstalled the part that blew off an Alaska Airlines jet
(DBN)

Weak Brazil Real Makes Azul Bond Among Worst in Emerging Markets
(DBN)

Passengers sue Delta following massive IT outage • Delta passengers sue airline for refusing refunds after massive computer outage
(DBN)

Elon Musk’s Plan for Monster Rocket Rattles Florida’s Space Coast
(DBN)

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Celebs:

Shilo Sanders' bankruptcy case deadlocked with special counsel to address NIL concern • Why Shilo Sanders’s NIL Deals Are an Issue in His Ongoing Bankruptcy
(DBN)

Katie Price reveals how her ADHD impacts her in court after judge issued arrest warrant when she failed to turn up at bankruptcy hearing • Katie Price no longer has any fear of bankruptcy after going through the process twice
(DBN)

Steven Van Zandt: ‘Springsteen backing the Democrats lost us half our audience’
(DBN)

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Hotels:

Who will save The Greenbrier this time?
(DBN)

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Hedge Funds:

Jefferies Wants Review of Money George Weiss Got From Own Firm
(DBN)

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UK:

Reflections on The UK Pensions Regulator’s (TPR) Powers that could see Insolvency Practitioners facing £1million fines
(DBN)

Keir Starmer walks straight into summer from hell • Elon Musk Clashes With Keir Starmer Over Riots in Britain • The Novel That Explains Britain’s Far-Right Riots • London on high alert as far right demonstrations come to the capital • As disinformation spreads during UK riots, regulators are currently powerless to take action • Nigel Farage tries to have it both ways as Britain burns • Thousands gather in anti-racist protests after warnings of more far-right UK violence
(DBN)

Attorneys At Risk Because Right-Wingers In The U.K. Can't Take An 'L'
(DBN)

UK Job Surveys Show More Private Sector Hiring and Stronger Pay
(DBN)

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Canada:

Business Bankruptcies In Canada Rise More Than 40%
(DBN)

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Russia:

Russia says Ukrainian troops crossed into its territory and launched ‘massive attack’ • Thousands evacuated, state of emergency declared after Ukraine’s raid into Russia • Ukraine Launches Rare Cross-Border Ground Assault Into Russia • Putin accuses Ukraine of a ‘large-scale provocation’ with its raid in southwestern Russia • State of emergency in Kursk amid incursion • Dramatic vids show Ukrainian jets & troops storm into Russia as panicked Putin ‘fears key nuclear plant could be seized’ • Putin reacts as Russia battles a cross-border Ukrainian attack • Russia says fight against Ukrainian border incursion ongoing • Russia says fighting continues in Ukrainian incursion into Kursk region
(DBN)

Mass YouTube outage in Russia amid escalating official criticism
(DBN)

Images of Ukraine's new F-16s and their weapons hint at what the US-made fighter jets may start off doing against the Russians
(DBN)

European Gas Rises to 2024 High on Ukraine Pipeline Concerns
(DBN)

Russia's Black Sea Fleet 'Sitting Ducks' as Ukraine Sinks Submarine
(DBN)

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MENA:

Hungry and displaced Gazans see their misery continuing with Hamas’ new leadership
(DBN)

Hamas’ New Political Chief Sinwar Has a Cunning and Brutal Past • Hamas’ new political leader Yahya Sinwar is seen as more extreme — and less willing to compromise • Israel vows to kill new Hamas political leader who plotted Oct. 7 massacre
(DBN)

Israeli media publishes video of soldiers allegedly raping Palestinian detainee • Israel court hears bid to close prison where soldiers are accused of sexually assaulting Palestinian
(DBN)

Fear Stalks Israel’s Communities on the Front Lines With Lebanon
(DBN)

Israel told U.S. Hezbollah will pay "disproportionate price" if attack hits civilians
(DBN)

UK, Egypt Issue Alerts for Iran, Lebanon Airspace
(DBN)

As Iran Braces for War, Its Citizens are Kept in the Dark • Iran president asks Supreme Leader to refrain from attack
(DBN)

Cost rising for US as it fights off Houthi drones
(DBN)

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China:

China Evergrande Unit Faces Liquidation Petition Over Unpaid Sum • Investor files liquidation petition in China against Evergrande unit
(DBN)

China Special Situations Insight
(DBN)

US Slowdown Imperils China’s Path to Export-Driven Recovery
(DBN)

Markets are worried about the Chinese yuan sparking a new wave of turmoil
(DBN)

China will have nearly twice the pets than young children by 2030, Goldman Sachs says
(DBN)

China Steel Sector’s Malaise Deepens With No Relief in Sight
(DBN)

China’s Big Banks Rush to Issue Debt to Plug $224 Billion Gap
(DBN)

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Venezuela:

A Deal That Could Save Venezuela
(DBN)

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Argentina:

Climate activists trash Lionel Messi’s $12M Ibiza mansion: ‘Eat the rich’
(DBN)

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Austria:

Taylor Swift concert terror plot in Austria foiled, 2 men arrested and shows will go on, police say • The ISIS Plot to Attack Taylor Swift • Suspects hoped to ‘kill as many people as possible’ in foiled plot at Taylor Swift shows in Vienna • Suspect Planned Bombing, Stabbings at Vienna Taylor Swift Show • Taylor Swift shows in Vienna canceled after 2 arrested for planning ISIS-inspired terror plot
(DBN)

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India:

IBBI issues guidelines for creditors in insolvency process • IBBI issues guidelines for the Committee of Creditors for maximising the value
(DBN)

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Australia:

Companies are filing for more insolvency
(DBN)

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Luxembourg:

Luxembourg life insurer insolvency puts 30,000 pensions at risk
(DBN)

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Germany:

Quinn Emanuel expands its German practice with the recruitment of restructuring and insolvency specialist Dr. Bernd Meyer-Löwy
(DBN)

Bond Trader Seeks Huge Options Payout on German Recession Wager
(DBN)

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