December 11, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Associates at this BigLaw firm can choose one of 3 billable-hour budgets
(DBN)

Laterals Aren't Loving This Biglaw Firm
(DBN)

Biglaw Hiring Is On Fire In The Southeast
(DBN)

Top Firm Handing Out Million Dollar Bonuses To Some Associates
(DBN)

Baltimore's Gamble on Susman Scores $670 Million in Opioid Suits
(DBN)

New lawyers don’t need to be AI-savvy just yet, survey finds
(DBN)

Compensation Leader Milbank Becomes 14th U.S. Firm To Shut Down An Office In China
(DBN)

Your Biglaw Firm's 'Growth Mindset' May Lead To A Spate Of 'Failed Hires'
(DBN)

Why a Deals Surge in 2025 May Not Be a Law Firm Boon
(DBN)

Probate court slams Bill Barr while rejecting Rupert Murdoch's bid to change family trust
(DBN)

Indiana’s former AG says dropped groping suit ends ‘odyssey of unfounded allegations’
(DBN)

Jones Day Adds 10 US Supreme Court Clerks to Associate Ranks
(DBN)

Bar admission denied for applicant who won’t take constitutional oath
(DBN)

Wife convicted of murdering prominent attorney husband claimed to reveal real killer at her sentencing
(DBN)

Former Biglaw Attorney Headed To Jail On Stalking Charges
(DBN)

Pilot project allowing nonlawyer legal providers gets OK in Washington
(DBN)

Lawyers who critique critical race theory may challenge Connecticut’s anti-bias ethics rule, 2nd Circuit says
(DBN)

Justice Department IG seeks new protections on seizing communications of lawmakers, journalists
(DBN)

Texas Offers ‘Land Everywhere’ for Trump Deportation Centers What laws could Trump invoke to fast track deportations? Inside Mexico's massive migrant crackdown How Trump could try to deport immigrants to countries other than their own Path to asylum narrows, especially for Latinos
(DBN)

Watchdog faults DOJ in Trump’s first term for secretly obtaining records of lawmakers and journalists Trump's DOJ secretly obtained phone and text message logs of 43 congressional staffers and 2 members of Congress
(DBN)

Wisconsin attorney general adds 10 charges against defendants in fake electors case
(DBN)

N.Y. attorney general refuses to drop $486 million judgment against Trump
(DBN)

Man seen on video at U.S. Capitol on Jan. 6 told agent he wasn't actually there: Feds
(DBN)

Jan. 6 defendant uses Trump's pardon comments from 'Meet the Press' to try and delay trial
(DBN)

GOP senators say they won’t fight Trump on Jan. 6 pardons
(DBN)

Navy veteran scores multiple victories against CNN in defamation lawsuit
(DBN)

Federal judge threatens Rudy Giuliani with 'arsenal of sanctions' and 'imprisonment'
(DBN)

Former Jan. 6 committee chair fires back after Trump says panel members should be jailed
(DBN)

After failed AG bid, Gaetz will host TV show Matt Gaetz Is Officially Fake News
(DBN)

'He was absolutely not a violent person': Friend 'shocked' as pal arrested in CEO slaying Went Crazy After Back Surgery Luigi Mangione's 'Devastated' Family Releases Statement Saying They Are 'Shocked' By His Arrest Arrest rocks his powerful family's network of luxury clubs Luigi Mangione rages about ‘insult’ to American people, challenges UnitedHealthcare murder extradition America obsesses over Luigi Mangione's digital footprint Manhunt for US executive’s killer becomes a search for motive Suspect in CEO Killing Was Ivy Leaguer With Anticapitalist Leaning - WSJ ‘The hot assassin’: how the internet became obsessed with Luigi Mangione This Theory Could Explain the Reaction to the United Healthcare Killer Mangione's active online presence included a review of the 'Unabomber Manifesto' Unabomber's brother says it's a 'terrible mistake' if Luigi Mangione was influenced by him FactCheck: Substack article shows manifesto of Luigi Mangione, the suspect in health care executive's killing. Luigi Mangione's Defense Attorney Speaks ... 'I Haven't Seen Any Evidence' Luigi Mangione: Cops Might Have Planted Critical Piece of Evidence Merch sellers cash in on UnitedHealthcare CEO killing Luigi Mangione 'The Truth' video removed from YouTube for violating impersonation policies CEO ‘assassin’ Luigi Mangione pictured eating McDonald’s hash brown before he was left ‘shaking’ when confronted by cops Shooting suspect Luigi Mangione suffered back pain - a chronic condition 619 million globally deal with Insurance stocks have fallen since UnitedHealthcare CEO killing
(DBN)

UnitedHealth shooting sparks security fears for execs - but fixes are expensive and complicated
(DBN)

Luigi Mangione’s 3D-printed gun and the problem of untraceable firearms
(DBN)

New York Times Runs Dozens of Stories About Slain CEO – But Hasn’t Covered the Killing of Teenager in Possible Hate Crime Just a Few Miles Away
(DBN)

Mystery New Jersey Drones 'Go Dark' When Spotted: Governor FBI has 'no answers' to mystery drones swarming skies with '500,000 Americans terrified'
(DBN)

Jay-Z pulled into Combs sex scandal after weeks of ugly backstage legal maneuvering Jay-Z was named in a Diddy lawsuit. Will other celebrities be next? Will Jay-Z face the same fate as P Diddy? Sean ‘Diddy’ Combs Accuser Details Alleged Sexual Assault at White Party: ‘I Was Screaming, I Was Telling Him to Stop’ and ‘He Was Acting Like It Was Nothing’
(DBN)

Shocking claims of sexual assault against ex-Fox News anchor Ed Henry could unravel
(DBN)

Wisconsin kayaker who faked his death and fled to Eastern Europe is in custody, online records show
(DBN)

Owner of funeral home allegedly hoarded bodies, altered cause of death for insurance fraud
(DBN)

Texas lawyer allegedly killed and cremated son, saying he mistook him for intruder
(DBN)

Internet searches lead to decades behind bars for mom who suffocated both of her infants
(DBN)

Mom shot to death by 2-year-old son with gun 'negligently' stored by her boyfriend: Cops
(DBN)

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Judges:

Ketanji Brown Jackson's Powers Of Manifestation Are Off The Chart
(DBN)

House Dems mount 11th-hour push to kill judges bill White House Threatens to Veto Bill Adding US Trial Judges Judges Dismayed at Veto Threat of Bill to Help Overworked Courts
(DBN)

President Can Fire Labor Relations Board Judges, Court Rules
(DBN)

Oldest federal judge who refused evaluation appeals suspension, wants documents unsealed
(DBN)

'Spirit of Aloha': Thomas, Alito clash with Hawaii over 2nd Amendment ruling
(DBN)

The Supreme Court wades into the Israel-Palestine conflict
(DBN)

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Wall Street:

Stock futures are little changed as investors brace for key inflation data
(DBN)

Wall Street Commodity Traders Set for Worst Year Since Pre-Covid
(DBN)

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Layoffs:

When layoffs go wrong: a cautionary tale in poor communication
(DBN)

Ford's cutting jobs in Germany. Scholz wants Europe to step in.
(DBN)

Newmont Cuts Two Dozen Middle Manager Jobs in Corporate Overhaul
(DBN)

People Can Fly Announces Layoffs Impacting 120 Employees
(DBN)

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Education:

Outrage as N-word scrawled on Black student's desk and school did nothing for days: report
(DBN)

Increased Christianity in schools opens the door to Satanic Temple education programs
(DBN)

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Agribusiness:

US Beef Herd Has Shrunk 40% Since 1975 To Smallest Size Since 1961
(DBN)

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Tech:

SF tech CEO's billboards are 'dystopian.' That's how he wants it.
(DBN)

An AI companion suggested he kill his parents. Now mom is suing
(DBN)

OpenAI CFO thinks business users will pay thousands monthly for AI tools
(DBN)

California could become the first state to require social media warning labels
(DBN)

Sweden mulling social media age limit to stop gangs recruiting young people
(DBN)

What did you Google in 2024? From the elections to Copa América, here’s what search trends show
(DBN)

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Economy:

US Small-Business Optimism Soars to Three-Year-High After Trump Win
(DBN)

Inflation Back on the Radar Ahead of Fed Meeting
(DBN)

BofA warns stock markets underprice risk of returning inflation
(DBN)

The CPI report Wednesday is expected to show that progress on inflation has hit a wall
(DBN)

'Super user' controversy spurs new rules on key U.S. inflation
(DBN)

CPI Preview
(DBN)

Yellen Spoke With Bessent After Nomination, Has Fiscal Regrets
(DBN)

Trump plans major reshaping of U.S. policies within hours of taking office Trump ready to ‘seal’ border from immigrants on Day 1
(DBN)

A federal union pushes back after congressional leaders and DOGE call out teleworking
(DBN)

Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent
(DBN)

Trump Vows Fast Permits for Those Investing $1 Billion in US
(DBN)

Top Bankers See US as Bright Spot as Second Trump Term Nears
(DBN)

Biden Defends Economic Record, Says Trump Plans Threaten Growth Warns against Republican return to 'trickle-down economics' Biden Hails ‘Strongest Economy in Modern History’ as Trump Waits in the Wings
(DBN)

Money Managers Cast Doubt on Economic Impact of Trump’s Tariffs
(DBN)

Trump Doesn't Even Know How Tariffs Work
(DBN)

US Labor Costs Revised Down in Sign of Easing Inflation Pressure
(DBN)

Bank Of America Says US Labor Market Is Stagnant: 'Low-Hire, Low-Fire'
(DBN)

China's Xi Warns 'No Winners' In Trade War With US Xi Readies Bargaining Chips for US Trade War Larry Summers warns Trump will start an 'uncontrolled Cold War' with China
(DBN)

Trump's tariffs are the opening rounds of Trade War II
(DBN)

DC Business Leaders Welcome Return-to-Office Policy Under Trump
(DBN)

How Being an Influencer Became a New American Dream
(DBN)

Anger at CEOs Goes Beyond the Healthcare Industry. Here’s Why
(DBN)

Trump has said a lot about Social Security - what does he really think?
(DBN)

America's obsession with California failing
(DBN)

Why do people think Republicans are better for the economy?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

The Upward Slope of Real House Prices
(DBN)

Part 1: Current State of the Housing Market; Overview for mid-December 2024
(DBN)

Boston Mayor’s Plan to Raise Commercial Taxes Fails in Massachusetts Senate
(DBN)

Commercial real estate is still on thin ice heading into 2025 - but investors see best entry point in 15 years
(DBN)

GM accused of ‘extortion’ over threat to tear down Detroit’s tallest skyscraper
(DBN)

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Oil/Gas:

Lower 48-Focused ICD Files for Chapter 11 as E&P Consolidation, Drilling Efficiencies Swamp Rig Demand
(DBN)

What the oil and gas industry wants from Trump and how his administration might deliver it
(DBN)

Plug In Vehicle Sales Rose to 1.74M in October
(DBN)

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Politics:

Trump belittles Canada's 'Governor' Justin Trudeau in degrading late-night post Donald Trump is returning to the world stage. So is his trolling Elon Musk and Donald Trump: A modern-day Teapot Dome scandal waiting to happen
(DBN)

Trump Picks Ex-El Salvador Envoy Johnson as Mexico Ambassador Trump Picks Tom Barrack to Serve as US Ambassador to Turkey Trump Plans to Nominate Mark Meador as FTC Commissioner My Battle with Tulsi Gabbard’s Cult Followers in Hawaii Trump to nominate Kimberly Guilfoyle for ambassador to Greece; Tilman Fertitta is likely pick for ambassador to Italy RFK Jr. pushes his daughter-in-law for CIA deputy director RFK Jr. becomes latest troubled Trump pick Fox News pipeline to Trump administration keeps growing Trump’s revenge: Naming Dr. Bhattacharya to head the NIH
(DBN)

Postmaster general covers his ears from House Republican questioning during Oversight hearing
(DBN)

'This is bad news': Joe Scarborough warns Trump of dirt avalanche coming at Senate hearing
(DBN)

'Your daddy won’t be able to save you': Trump legal ally threatens Liz Cheney
(DBN)

Democrats demand answers from Trump pick Mehmet Oz on 'Medicare privatization' Trump goes to bat for Tulsi Gabbard amid scrutiny for top intelligence post Trump pick to head ICE is agency vet who will be able to start deportation effort on day one
(DBN)

Democratic lawmaker immediately defects to GOP after winning re-election
(DBN)

'The end of seniority': Younger Democrats are challenging elders for powerful positions
(DBN)

Marjorie Taylor Greene Says Georgia Woman Died In Car Crash With Bomb Squad Responding To Threat Against Her
(DBN)

Trump parties no fun for neighbors; council mulls limiting events requiring major road closures
(DBN)

Sen.-elect Jim Banks pushes GOP to be more pro-worker
(DBN)

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Personal Finance:

Growing number of U.S. adults lack literacy skills, survey shows
(DBN)

She paid off $300,000 in debt as a first-generation American. 'Hard work' wasn't the answer
(DBN)

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Food/Beverage:

Restaurants are making up for your crummy tip
(DBN)

Eegee’s restaurant closes Arizona locations as it becomes the latest 2024 fast food bankruptcy
(DBN)

PF Chang’s Proposes Debt Extension Poised to Improve Junk Rating
(DBN)

Struggling beverage maker files for Chapter 11 bankruptcy
(DBN)

Food firms sued for allegedly marketing "addictive" products to kids
(DBN)

Operators of LAX restaurants face a $30 hourly wage
(DBN)

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Movie Theaters:

Cineworld to Close Six More Multiplexes to Complete U.K. Restructuring Post-Bankruptcy
(DBN)

This cinema-related stock is up 77% this year amid box-office rebound. It's not AMC or Cinemark.
(DBN)

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Crypto:

Trump’s Pick for SEC Chair Blamed the US for FTX Crypto Disaster
(DBN)

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Healthcare:

Poll: Americans’ Approval of ACA Jumps
(DBN)

Most Americans distrust Trump, RFK Jr. on health: Axios-Ipsos poll
(DBN)

For now, ‘Dreamers’ will be shut out of the health care marketplace in 19 states
(DBN)

This woman has trained thousands of people to help others have a 'good death'
(DBN)

As UnitedHealth shooting puts health insurance in focus, 4 million people could get priced out of coverage if Congress doesn't act
(DBN)

How UnitedHealthcare became the face of a broken health care system
(DBN)

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Tax:

Adidas Headquarters Raided in Years-Long Tax Investigation
(DBN)

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Steel:

US Steel Drops as Biden Set to Block Nippon Steel Deal
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

The Onion’s Bid for Infowars Rejected in Bankruptcy Court Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid Houston judge sides with conspiracy theorist Alex Jones, blocks sale of Infowars to The Onion Judge Blocks Onion’s Acquisition of Infowars Assets, Saying ‘I Don’t Think It’s Enough Money’ The Onion's purchase of Alex Jones' Infowars stopped by US judge Sandy Hook Families’ Backed Bid To Turn 'InfoWars' Into Satire Site Blocked By Bankruptcy Judge
(DBN)

Alex Jones's Lawyer Objects To Entering His Client's Words Into The Record
(DBN)

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Mediation:

Mediating Commercial Cases With Direct Discussions Between Parties — An Effective Approach
(DBN)

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Aviation:

Grenade found inside passenger's carry-on luggage at LaGuardia Airport, TSA says
(DBN)

Air Passenger Numbers To Top Five Billion In 2025: IATA
(DBN)


____________

Climate:

The state of the Arctic: High temperatures, melting ice, fires and unprecedented emissions
(DBN)

This critical ecosystem helped keep climate change in check. Now it’s making things worse.
(DBN)

Wildfire explodes to more than 2,000 acres in Malibu, California, prompting evacuations Wildfire explodes in Malibu, spurring mass evacuations and shelter-in-place order at Pepperdine Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke and Cher Malibu Blaze Brings Harrowing Scene for Students, Evacuees
(DBN)

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Retailing:

Party City mulling second bankruptcy filing
(DBN)

Judges block Kroger-Albertsons merger. A prolongued legal battle risks threatening investors' patience.
(DBN)

Walgreens' stock on pace for its best day ever on report of talks of sale to private equity - but still on pace for its worst year
(DBN)

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Autos:

What’s Wrong With Nissan and How Can the Japanese Carmaker Survive?
(DBN)

Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
(DBN)

China Auto Body Seeks Subsidy Extension as EV Exports Take Hit
(DBN)

GM Calls It Quits on Mary Barra’s $50 Billion Robotaxi Dream How GM's self-driving strategy is evolving as it gives up on Cruise business
(DBN)

____________

Media:

‘Grim place’: Famed NY Times columnist unleashes blame in bleak farewell column
(DBN)

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Sovereigns:

Top creditor China freezes lending to Cambodia, data shows
(DBN)

For developing economies, the finance landscape has become a wasteland
(DBN)

____________

UK:

Bankrupt Labour council faces £760m equal pay bill Council to avoid declaring effective bankruptcy
(DBN)

East Midlands restructuring and insolvency expert joins Rothera Bray
(DBN)

US Envoy Sees UK Leading Europe’s Relations With Trump Trump’s White House return is already pushing Europe and the UK closer together
(DBN)

Unions Slam UK Proposals on Public Pay in Fresh Risk for Starmer
(DBN)

____________

Canada:

Ashcroft Homes receives court-ordered protection as it deals with $284 million in debt
(DBN)

The San Group's complicated financial woes concern court-appointed monitor
(DBN)

____________

France:

France Presents Emergency Legislation to Avoid Shutdown
(DBN)

____________

MENA:

Israel advances into Syrian territory after Assad's overthrow, fueling alarm Israeli warplanes pound Syria as troops reportedly advance deeper into the country Israel launches 300 airstrikes in 48 hours crippling Assad’s planes & ships to stop them ‘falling into terrorist hands’ Israel says its air strikes destroyed most of Syria's strategic weapons stockpiles US says it will support new Syrian leaders who protect women and renounce terrorism U.S. indicts 2 former Syrian officials, accuses them of torturing prisoners Rebel-Backed Figure Takes Charge as Syria's Interim Prime Minister A Dictator's Out. What's Next for Syria? Assad’s Fall Jolts Iran’s Increasingly Vulnerable Leadership Russia’s Africa strategy at risk after Syria regime collapse Syrians in Germany worried by some politicians’ eagerness for them to go home after Assad’s fall Interim Syrian leader vows to rebuild but faces cash crunch Assad’s fall has Iran desperately searching for a new proxy
(DBN)

With Assad’s Fall, Erdogan Oversees Turkey’s Growing Regional Clout Turkey's Erdogan issues chilling comment about Putin in snub to the West
(DBN)

Netanyahu takes the stand in his corruption trial for first time Netanyahu Is First Israeli PM to Testify at Own Graft Trial Netanyahu assails media as he testifies for first time in his corruption trial
(DBN)

Foiled Iranian spy plots point to Tehran's largest effort to infiltrate Israel
(DBN)

Israeli strikes on Gaza kill at least 29, Palestinian medics say
(DBN)

Top White House advisor travels to Middle East in last ditch push for a Gaza deal
(DBN)

____________

Russia:

Assad’s Fall Extends Putin’s Losses
(DBN)

Nearly half of Ukrainians trust Trump, new poll reports
(DBN)

US Considers New Russia Oil Sanctions to Weaken Putin Ahead of Trump
(DBN)

Putin’s regime may be closer to a Soviet collapse than we think
(DBN)

____________

Thailand:

Thailand Unveils Debt-Relief Measures to Cover $26 Billion Loans
(DBN)

____________

Germany:

Anger At Plan To Turn Nazi Tunnels Into Bunker For Super-Rich
(DBN)

____________

South Korea:

South Korea Slaps Travel Bans On More Top Officials Ex-defense chief in South Korea tried to kill himself after being arrested over martial law South Korea flags economic risks as political turmoil rumbles on Yellen discusses South Korean political crisis with country’s finance minister South Korea police try to raid Yoon's office over martial law
(DBN)

____________

Greece:

Greece’s ghost towns offer a glimpse of a country struggling with ‘existential’ population collapse A Greek village leans into faith in its fight against demographic collapse
(DBN)

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Australia:

Anti-Semitic attack slammed as cars torched, properties vandalised in Sydney
(DBN)

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India:

Maintenance to wife, kids will get priority over claim of creditors: SC
(DBN)

NCLAT upholds financial creditor status of Compulsorily Convertible Debentures holders
(DBN)

____________

Argentina:

College Graduates Are Turning on Milei After Helping Him Win Power
(DBN)

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