December 12, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Announces Associate Raises For The Second Time This Year
(DBN)

Top 50 Biglaw Firm Announces Bonuses, With More Money Added On Top For Its Busiest Billers
(DBN)

Car-racing costs can’t be deducted by lawyer as marketing expense, 10th Circuit rules
(DBN)

Sidley Elects Largest Combined Partnership Class of 38 and Counsel Class of 27 Across Asia Pacific, Europe, and U.S., Including New Chicago Bankruptcy Partner
(DBN)

King & Spalding Elects 37 New Partners and Five Counsel in Record Promotion Round, Including Restructuring Promotions
(DBN)

Gaetz in Talks to Join Dem Megadonors Law Firm
(DBN)

$1M-plus bonuses will be paid to ‘multiple associates’ at this prominent law firm
(DBN)

Jones Day Continues To Corner The Market On Supreme Court Clerks, With $450K+ Signing Bonuses Up For Grabs
(DBN)

FBI Director Christopher Wray says he'll resign as Donald Trump takes office What Kash Patel Wants to Do at the FBI
(DBN)

'A man of integrity': Retired congressman invites Jan. 6 rioter to inauguration
(DBN)

Top Biden Adviser Anita Dunn Slams Hunter Pardon: ‘An Attack on the Judicial System’
(DBN)

Few Americans Approve of Jan. 6 Rioters' Pardons
(DBN)

Man at center of Jan. 6 conspiracy theory wants another chance to sue Fox News
(DBN)

Biden commutes roughly 1,500 sentences and pardons 39 people in biggest single-day act of clemency
(DBN)

Judge to decide fate of Trump’s New York hush money conviction
(DBN)

Trump says comments that Central Park Five ‘killed a person’ were ‘substantially true,’ despite exoneration, in push to dismiss defamation suit
(DBN)

Judge Cannon skeptical of alleged Trump assassin's efforts to obtain lengthy trial delay
(DBN)

Judge tosses Michael Flynn lawsuit alleging he was prosecuted to 'derail' Trump's election
(DBN)

Eric Adams cozies up to Trump as he plans mass deportations
(DBN)

New Orleans Law Firms Staged Fake Accidents, Collected Millions In Settlements: Feds
(DBN)

Luigi Mangione 'considered bombing Manhattan and penned sick to-do list before shooting healthcare CEO' Why Luigi Mangione Killed UnitedHealthcare CEO: A Chronic Back Pain Link Luigi Mangione came from privilege. Then his spine gave out, he went off the grid, and he got a gun. Luigi Mangione is more complicated than his myth. The internet doesn't care. Luigi Mangione Couldn't be 'Physically Intimate' Due to Back Pain—Friend The Luigi Mangione obsession reveals a ‘dangerous’ trend that threatens our world Luigi Mangione Destroyed His Grandfather’s Rags-to-Riches Legacy Luigi's Manifesto Police Have Suspect’s Notebook Describing Rationale for C.E.O. Killing UnitedHealthcare CEO murder suspect’s notebook described ‘targeted, precise’ killing Dystopian 'wanted' posters of top health CEOs appear in New York City Mangione 'loved Japanese culture,' says man who befriended him in Tokyo, but critiqued its society The ‘Ghost Gun’ Linked to Luigi Mangione Shows Just How Far 3D-Printed Weapons Have Come Gun found with suspect matches casings at crime scene Bag of bullets ‘dumped by CEO murder suspect Luigi Mangione’ found as fingerprints & gun confirmed to match murder scene Jesse Watters: Luigi Should be Killed in Prison Luigi Mangione's fingerprints match prints found near crime scene Jacket worn by alleged UnitedHealthcare shooter Luigi Mangione is flying off shelves Cops probing when Luigi Mangione’s family realized he was wanted in UnitedHealthcare CEO’s murder What’s next for Luigi Mangione: A grand jury, extradition, and a possible psych defense Warren on UnitedHealthcare CEO’s killing: ‘People can only be pushed so far’ The Lionizing of Luigi Mangione
(DBN)

Dealing corpses from a Las Vegas strip mall: A look inside the shadowy U.S. body trade
(DBN)

Alexander real estate brothers, sibling raped ‘dozens of victims,’ federal indictment alleges Celebrity Alexander brothers charged with sex trafficking
(DBN)

Trump plans to scrap policy restricting ICE arrests at churches, schools, hospitals Tom Homan takes to conservative media to outline Trump's plan for mass deportations Trump says he supports DREAMers. His past actions say differently. Trump Wants Mass Deportations. He Will Need Jails and Sanctuary Cities to Help Far-Right Militias Seek Role in Trump Deportation Plan
(DBN)

Trump Outran the Law. His Allies Haven't
(DBN)

Justice Department: Jan. 6 defendants who accept pardons will make ‘a confession of guilt’
(DBN)

Rudy Giuliani can’t hire a lawyer, and it’s the judge’s fault, he says
(DBN)

The danger of Trump’s promise to pardon J6 defendants
(DBN)

Few Americans approve of Hunter Biden pardon: poll
(DBN)

‘Idiot’ gets stuck in chimney while trying to evade police
(DBN)

80-year-old veteran dies after man punches him over parking spot at grocery store: Police
(DBN)

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Judges:

Replacing Judges With AI And Other Stupid Ideas
(DBN)

Man Who Leaped Over Bench to Attack Nevada Judge Gets Decades in Prison
(DBN)

Supreme Court Allows Biden Plan to Address Toxic Coal Ash
(DBN)

Prosecutor who sent nude photos to federal judge ‘felt trapped,’ thought she had no choice, cited letter says
(DBN)

Supreme Court justice’s teen dream comes true with Broadway walk-on role
(DBN)

Judge in abortion law case asks about airlifting if 'the mother wants to kill the baby'
(DBN)

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Wall Street:

Stock futures slip after Nasdaq notches record close above 20,000 US stock futures slip lower
(DBN)

‘Rock Star’ David Bonderman Mourned by Industry Leaders
(DBN)

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Layoffs:

 

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Celebs:

Jim Carrey said he came out of retirement because he 'needs money.' He's the latest A-lister to open up about taking roles to boost their finances.
(DBN)

Elon Musk becomes first person to surpass $400B net worth, according to Bloomberg
(DBN)

Mike Lindell says 'cash-strapped' MyPillow took $1.6 million loan from payday lender at 409% interest MyPillow CEO Mike Lindell files new RICO lawsuit against another lending company
(DBN)

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Steel:

Nippon Steel Slams 'Inappropriate' Politics In US Deal
(DBN)

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Crypto:

FTX recovers $14.5M in political donations as creditors remain in limbo
(DBN)

Judge Affirms Sealing of FTX Customer Names in Bankruptcy Case
(DBN)

Did The Hawk Tuah Girl Spit On Investors With Her Failed Cryptocurrency? And How Can Investors Get Their Money Back?
(DBN)

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Agribusiness:

Trump Trade War to Hurt US Farmers More as China Turns to Brazil
(DBN)

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Trucking:

Kal Freight Adds Directors After Being Accused of Malfeasance
(DBN)

Semitruck driver was Snapchatting moments before killing mom and son in fatal crash: Cops
(DBN)

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Mattresses:

Woman is killed in freak accident in her Sleep Number bed
(DBN)

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Nursing Homes:

Trump, GOP expected to undo Biden’s divisive nursing home rule
(DBN)

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Maritime:

Nobiskrug and FSG shipyards file for insolvency
(DBN)

Fuel Cell Pioneer Teco 2030 Files Bankruptcy as Industry Investment Slows
(DBN)

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Economy:

Price growth ticked up in November as inflation progress stalls Cleveland Fed: Median CPI increased 0.2% and Trimmed-mean CPI increased 0.3% in November BLS: CPI Increased 0.3% in November; Core CPI increased 0.3% Here’s the inflation breakdown for November 2024 YoY Measures of Inflation: Services, Goods and Shelter Inflation rate accelerates to 2.7% US Inflation in Line With Forecasts Solidifies Bets on Fed Cut Consumer Price Index comes in hot again as inflation progress slows November CPI gives Fed ‘green light’ for December rate cut, say asset managers
(DBN)

New York Has Highest Inflation Rate Among Big Cities
(DBN)

Trump's Tariff Plans May 'Derail' US Inflation Progress: Yellen
(DBN)

The Great Upheaval
(DBN)

Underlying inflation could squash the Fed's 2025 plans
(DBN)

Future pandemic could cause $13.6 trln economic loss -Lloyd's of London
(DBN)

'I wish I never got that loan': Small businesses say Covid loan repayments became a nightmare
(DBN)

Gen Z Embraces Job-Hopping And Side Hustles To Boost Earnings
(DBN)

Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
(DBN)

Tuberville's Social Security Facts Aren't True
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
(DBN)

2nd Look at Local Housing Markets in November
(DBN)

New Single-Family Rental Homes Could Be Future As Ownership Grows Too Expensive
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

If Trump wants to kill inflation, the first thing he needs to do is get more homes built
(DBN)

N.Y. developer of $500M Duluth real estate project files for bankruptcy protection for another Duluth venture
(DBN)

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Oil/Gas:

Exxon Raises Capital Spending as Worldwide Oil Glut Looms
(DBN)

OPEC+ Supply Delay Won’t Prevent Oil Glut Next Year, IEA Says
(DBN)

Ontario premier threatens to cut off energy supply to US
(DBN)

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Food/Beverage:

Albertsons sues Kroger after judge rules against grocery merger
(DBN)

Leave the meat, keep the legumes: Experts release 2025 dietary recommendations
(DBN)

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Retailing:

Macy's confirms rogue employee hid $151 million in expenses over three years Macy’s employee who hid $151 million in expenses was trying to mask initial mistake, sources say
(DBN)

Popular retail chain weighing second bankruptcy in less than two years: report Party City reportedly considering bankruptcy as sales continue to slump Chain with 800 stores at risk of second bankruptcy in two years as bosses admit company ‘running out of cash’
(DBN)

Big Lots reports monthly operating results amid bankruptcy
(DBN)

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Politics:

Krugman: 'Public will realize that most politicians railing against elites actually are elites'
(DBN)

RFK Jr.'s secret push to prove CIA killed uncle
(DBN)

Mitch McConnell: ‘We’re in a very, very dangerous world right now' - ‘America First.’ That was what they said in the ’30s’
(DBN)

It Sure Sounds Like Pete Hegseth Will Be Confirmed as Trump’s Defense Secretary Collins Grills Hegseth and Declines to Endorse Him for Defense Secretary GOP senators reveal Fox News staff have launched lobbying blitz for Hegseth Trump pick Pete Hegseth moves to get in front of 'hit piece' on acceptance to West Point ProPublica’s botched Pete Hegseth smear proves the need to purge the military of partisanship
(DBN)

GOP senators change tune over Trump Cabinet picks after MAGA pressure
(DBN)

GOP senators fear House chaos could derail Trump’s agenda
(DBN)

How Trump's NIH pick could upend the agency
(DBN)

Trump taps Kari Lake to serve as director of Voice of America
(DBN)

Trump Is Falling Into the Classic Trap That Kills Presidencies
(DBN)

New Jersey Republican Claims Without Evidence That Mysterious Drones Are Coming From Iran Ship Off Coast
(DBN)

GOP Rep. Openly Mocks Postmaster General Mid-Hearing For Covering His Ears During Heated Exchange
(DBN)

Blinken defends Afghanistan withdrawal at contentious House hearing
(DBN)

Manchin and Sinema's final middle finger as they leave the Senate
(DBN)

Seismic Political Shifts Are Likely to Continue
(DBN)

Reported assault of Rep. Nancy Mace stemmed from 'aggressive' handshake: Court docs Capitol Police arrest man accused of assaulting Nancy Mace Nancy Mace Doubles Down on Attack Comments Amid Handshake Claims
(DBN)

North Carolina Republicans override veto, stripping Dem governor’s powers
(DBN)

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Healthcare:

Bipartisan Lawmakers Seek to Break Up Giant Health Care Conglomerates
(DBN)

Health-care stocks fall as lawmakers, patients push for changes to their business models Health insurer stocks tumble as customers rage
(DBN)

Millions will see rise in health insurance premiums if federal subsidies expire
(DBN)

Overdose deaths in the U.S. fell 17% in 1-year period, CDC says
(DBN)

UK bans puberty blockers for under-18s
(DBN)

House passes massive defense bill with ban on gender-affirming care for transgender kids
(DBN)

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Food/Beverage:

Red Lobster was a red flag
(DBN)

Meatpacking Industry In Colorado Braces For 'Devastating' Mass Deportations Plans Under Trump
(DBN)

Dickey's sales plunge, and franchisees pay the price
(DBN)

Restaurant menu price inflation continues to moderate
(DBN)

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Climate:

2024 Set To Become Earth's Hottest Year: 'Climate Action Is More Urgent Than Ever
(DBN)

Fire crews brace for wind shift as they try to halt Franklin fire in Malibu's tough terrain Malibu blaze swells as Santa Ana winds bring "extremely critical" fire risk Millions in California Told to Keep Windows Closed as Franklin Fire Rages
(DBN)

Where the Arctic blast will hit in the US
(DBN)

Why climate change is not solely caused by the sun
(DBN)

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Transit:

Rush hour power outage leaves 3,500 NYC subway riders stranded on trains for hours: ‘Absolutely brutal commute’
(DBN)

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Sports:

The Biglaw Firm Bringing Private Equity To Football
(DBN)

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Corporate Governance:

U.S. appeals court tosses Nasdaq diversity rules for company boards
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

These priests molested kids in Wisconsin and elsewhere. Why aren't they on the Archdiocese's list of abusers?
(DBN)

Alex Jones' Infowars Future Is Murky After The Onion Stumbles What’s next for Infowars What happens next with Alex Jones' Infowars? No certainty yet after sale to The Onion is rejected 5 things to know about Sandy Hook families’ failed bid to buy Alex Jones’ Infowars with The Onion
(DBN)

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Aviation:

Spirit Airlines Asks Bankruptcy Court To Shorten Notice On Sale-Leaseback Of Up To 4 Airbus A321neos
(DBN)

Inside Boeing’s struggle to make its best-selling plane again
(DBN)

Mystery NJ drones, lack of answers spark fury among residents as authorities just shrug shoulders Security experts share startling theory about who may be behind NJ drones and why Homeland Security shares new details of mysterious drone flights over New Jersey Pentagon shoots down Iran 'mothership' claim amid New Jersey drone mystery Five things to know about the recent drone sightings in New Jersey
(DBN)

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Tech:

Google Unveils A.I. Agent That Can Use Websites on Its Own Google releases the first of its Gemini 2.0 AI models
(DBN)

Why Google's quantum computing breakthrough is such a big deal
(DBN)

The limits of intelligence — Why AI advancement could be slowing down
(DBN)

GE Vernova to Power City-Sized Data Centers With Gas as AI Demand Soars
(DBN)

Meta gave $1 million to Trump's inaugural fund
(DBN)

Trump declares a new war on Big Tech
(DBN)

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Autos:

Buoyed by Trump, U.S. dealers are optimistic on everything except electric vehicles sales
(DBN)

GM CEO Mary Barra: "We have a lot in common" with Trump's agenda
(DBN)

For Tesla Owners, a Referendum Through Bumper Stickers
(DBN)

Tesla Shares Jump to Record Amid $515 Billion Rally in Six Weeks
(DBN)

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Education:

Middle school teacher throws student across classroom over alleged crude remarks about child’s mother
(DBN)

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Theatres:

Lawsuit filed regarding State Theatre’s bankruptcy
(DBN)

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Chemicals:

Texas Sues Chemical Giants Over Toxic 'Forever Chemicals'
(DBN)

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Banking:

Expectations of new tariffs in 2025 prompts Wells Fargo to cut US growth forecast
(DBN)

CFPB final rule to cut overdraft fees, save billions
(DBN)

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Tax:

How a Decades-Old Loophole Lets Billionaires Avoid Medicare Taxes
(DBN)

29 House Republicans want Trump to scrap the IRS's free direct tax filing tool on day one of his presidency
(DBN)

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Sovereigns:

IMF Open to Ghana Funding Rework if Reforms Aren’t Derailed
(DBN)

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UK:

When is the UK Court likely to agree to a long administration extension?
(DBN)

'Everything's collapsing but they want more money' Council Tax rise already 'wiped out' by other costs Morgan confident Welsh councils won't go bust
(DBN)

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EU:

ECB Set to Aid Waning Economy With Fourth Rate Cut
(DBN)

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Canada:

Alberta and Ontario Courts Reaffirm Enforceability of Consents to Receiverships
(DBN)

The Explosion of Jew-Hate in Trudeau’s Canada
(DBN)

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Russia:

EU approves new sanctions on Russian ‘shadow fleet’
(DBN)

France, Poland to discuss Ukraine peacekeeping force
(DBN)

Orbán calls Putin to discuss ending Ukraine war
(DBN)

A Weakened Vladimir Putin Is Waging a Secret War Against the West
(DBN)

Germany's Scholz Urges Investment In 'Future EU Member' Ukraine
(DBN)

Russia Vows Retaliation After Ukrainian ATACMS Strike US warns Russia may be ready to use new lethal missile against Ukraine again in ‘coming days’
(DBN)

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MENA:

Syria’s Post-Assad Vacuum Has Become a Shooting Range for Great Powers Inside Assad’s Ransacked Palace: Anxiety Pills, Graffiti and Shredded Posters Syrian Rebels Name New Prime Minister Why a photo of Syria’s interim new leader could hint at trouble ahead Russian troops are likely still at their key bases in Syria, and it will be 'obvious' if they try to leave: senior analyst Here's what we're seeing Russia's warships and aircraft doing in new satellite images of Syria amid regime change Fate of Russian military bases in Syria remains open Germany to enable ‘voluntary, secure’ returns for Syrian refugees Regime change in Syria raises fears for Kurds and the ISIS prisoners they guard Why is Israel attacking Syria? France tells Israel to halt Golan Heights incursion US-Allies Lose Ground to Turkey-Backed Rebels in Syria How the Fall of Assad Will Reshape Middle East
(DBN)

UN General Assembly To Vote On 'Unconditional' Ceasefire In Gaza
(DBN)

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China:

China's exports saved its economy this year, but the growth spurt is already slowing before Trump takes office
(DBN)

China vows to issue more debt, cut interest rates next year
(DBN)

US-China Officials To Hold Economic Talks Before Trump Return
(DBN)

Thousands of Chinese EVs Clog Up Brazil’s Ports in Slowdown
(DBN)

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Russia:

US Disburses $20 Bn Ukraine Loan Backed By Profits From Russian Assets
(DBN)

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India:

BYJU’S CoC Controversy: Excluded Creditors Call the Shots
(DBN)

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Argentina:

Argentina Inflation Unexpectedly Cools in Another Milei Win Argentina’s Milei marks one year in office. How his measures are reshaping the economy Javier Milei: ‘You already know the chainsaw, now the deep chainsaw is coming’
(DBN)

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Switzerland:

SNB slashes interest rate by 50 basis points
(DBN)

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Mexico:

Mexican AHMSA formally begins bankruptcy sale process
(DBN)

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