December 13, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Top 25 Biglaw Firm Makes Associates Very Merry With Big Holiday Bonus Checks
(DBN)

Top 50 Biglaw Firm Hands Out Year-End Bonuses But Associates Are Left Without Special Bonuses
(DBN)

Top 10 Biglaw Firm Promotes Largest Combined Class Of Partners And Counsel Ever
(DBN)

'Choose Your Own Adventure' Pay Gives Steptoe Edge in Comp Wars
(DBN)

Baker McKenzie fools staff with fake Christmas vouchers
(DBN)

Paul Weiss Can Look to Crosstown Rival for Nonequity Blueprint
(DBN)

Massad Boulos, hailed as billionaire lawyer advising Mid East policy, probably isn't lawyer or billionaire
(DBN)

US judge says law firm Baker Hostetler must face racketeering claims
(DBN)

Redefining Legal Success In-House: 3 Unusual Ways To Innovate Your Career Path
(DBN)

Victims of disgraced ex-San Antonio attorney Chris Pettit awarded more than $100M in restitution
(DBN)

University of North Dakota Law School Aims To Avoid Deficit By Raising Tuition
(DBN)

HSF Partner Removed Over 'Deeply Offensive' Tweets
(DBN)

Jones Day has hired nearly 100 SCOTUS clerks in a dozen years; how many are in this year’s class?
(DBN)

Boies Schiller Increases Federal Clerkship Bonus to $150K Amid Hiring Uptick
(DBN)

Law Firms' 'Failed Hires' Expected to Climb as Lateral Hiring Ramps Up
(DBN)

The Lawyer Holiday Gift Guide: The Best Gifts For The Attorney In Your Life
(DBN)

Crying at desk and 4am finishes: the work/life balance at law firms
(DBN)

What 6 hours of sleep a night will do to your body
(DBN)

Glamorous City lawyer jailed for terrorizing neighbors
(DBN)

5 things to know about Biden’s 1,500 clemencies, pardons Biden commutes nearly 1,500 sentences, promises ‘more steps in the weeks ahead’ Here is Biden’s full list of clemencies Biden’s record-setting clemency act leaves allies only wanting more
(DBN)

Kinzinger says Trump threatening J6 committee members because they ’embarrassed’ him
(DBN)

Is this the real reason Luigi Mangione gunned down UnitedHealthcare CEO? McDonald's Workers Who Identified Luigi Mangione Get Private Security Luigi Mangione Was Never a UnitedHealthcare Client: Police Luigi Mangione's online life reveals so much without answering one key question Back trouble and brain fog bothered suspect in UnitedHealthcare CEO killing, his posts show This one internet subculture explains murder suspect Luigi Mangione’s odd politics Luigi Mangione: 'Law & Order' Episode Had Similar Story Line 20 Years Ago House Dems broadly denounce UnitedHealthcare CEO shooting after Warren remarks Luigi Mangione: American Revenge FantasyCEO ‘assassin’ Luigi Mangione ranted online about debilitating IBS, agonizing back screws & ‘never being able to sleep’ For Luigi Mangione's Defense, 'Sympathy' From the Jury Could Save Him CEO ‘killer’ Luigi Mangione’s fellow inmates shout sick chants from prison as they complain about his cell ‘conditions’ ‘Wanted’ Posters of CEOs in Manhattan Trigger Fears of Copycat Shootings Luigi Mangione's Grandmother Excluded Criminal Family Members From Her Will Will Luigi Mangione Face the Death Penalty? What We Know
(DBN)

'You people are next': Woman mad about denied claim threatens insurance company, cops say
(DBN)

Yale scholar argues Book of Revelation sways immigration policy
(DBN)

Trump open to detaining immigrants in camps in deportation push Trump says he will use military for deportations up to 'maximum' legal level New Mexico Governor Refuses National Guard Deployment for Mass Deportations NYC’s Adams Tells Trump Border Czar He’ll Cooperate on Deporting Criminals Trump won’t be able to deport 12 million immigrants - not even close
(DBN)

Trump Allies Appear Before Judge in Wisconsin Election Interference Case
(DBN)

DOJ: No undercover FBI agents were present for Jan. 6, countering conspiracy theories F.B.I. Didn’t Instruct Informants to Encourage Violence at Capitol, Report Says FBI leadership said "basic step" was missed ahead of Jan. 6 Capitol breach, watchdog report reveals Probe finds no evidence feds were involved in inciting Jan. 6 attack
(DBN)

'Disgraceful': Jan. 6 rioter’s invitation to attend Trump inauguration sparks frustration
(DBN)

Chris Wray’s Resignation Is a Terrifying Sign of What’s to Come Under Trump Patel’s Warm Senate Welcome Reflects the G.O.P.’s Turn Against the F.B.I. How Trump's years of feuding with FBI Director Christopher Wray led to Wray's resignation Trump Cheers Wray Resigning from FBI Ex-FBI Director James Comey issues warning to former colleagues ahead of Trump second term
(DBN)

FBI informant accused of lying about Bidens agrees to plead guilty
(DBN)

Michael Flynn loses defamation lawsuit after failing to affirm to court he 'is not Q'
(DBN)

2 men freed after convictions overturned in case involving discredited detective who died by apparent suicide
(DBN)

Sean Combs accused of assaulting 3 men in lawsuits
(DBN)

DOJ, Louisville reach deal on police reform
(DBN)

Burglaries targeting Asian businesses and homes on the rise nationwide
(DBN)

Murder conviction in jeopardy after jury allegedly enhanced 'pivotal' surveillance video
(DBN)

Man filmed smashing his mother's head in with concrete brick over 'trust fund,' police say
(DBN)

Woman who stabbed university student on public bus for 'being Chinese' is headed to prison
(DBN)

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Judges:

California judge admonished for doing this after telling newbie attorney to stop shaking her head
(DBN)

Federal judge will no longer tolerate lawyers’ barbed briefs and ‘expletive-laden phone calls’
(DBN)

Joe Biden Commuting 'Kids for Cash' Judge Sentence Sparks Anger: 'Shocked'
(DBN)

Alaska Prosecutor Claims Ex-Judge Leveraged Political Ties
(DBN)

Supreme Court unveils pilot program for public to reserve courtroom seats
(DBN)

House passes bipartisan bill adding new judges that Biden plans to veto US House passes bill to expand judiciary despite Biden veto threat
(DBN)

Slain Judge Accused Of 'Running A Brothel Out Of That Courtroom'
(DBN)

Florida High Court Says Overloaded Courts Need 50 New Judges
(DBN)

Final Biden Judicial Nominees Advanced by Senate Committee
(DBN)

Charlotte Proudman cleared of misconduct for accusing judge of 'boy's club' misogyny
(DBN)

We need a Supreme Court for all Americans
(DBN)

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Wall Street:

U.S. Futures Rise, European Stocks Mixed
(DBN)

Trump Woos Wall Street With Corporate Tax Cuts at NYSE Visit
(DBN)

Short Sellers’ Secret Talks and Alliances Emerge in Court Battle
(DBN)

SEC charges Cantor Fitzgerald, whose CEO is Trump’s Commerce pick, with securities violations
(DBN)

Trump rings bell at NYSE to cheers of ‘USA’ as Wall Street CEOs, business leaders look on
(DBN)

This Wall Street firm graded its 2024 economic forecast a 'B.' It expects this plot twist next year.
(DBN)

Record inflows into U.S. stocks to drive 'Santa rally' in last days of 2024, Goldman says
(DBN)

This hasn't happened to U.S. stocks in more than 20 years - here's why investors should be concerned
(DBN)

S&P 500’s Record Rally Shows Cracks as Most Stocks Left Out
(DBN)

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Layoffs:

Most Employees at Collapsed Fintech Lender Stenn to Lose Jobs
(DBN)

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Banking:

FDIC: Number of Problem Banks Increased Slightly in Q3 2024
(DBN)

Trump Team Mulls Killing the FDIC
(DBN)

US Banks’ Paper Losses Dip to Lowest Level Since Early 2022
(DBN)

Pimco Warns of Potential ‘Hidden’ Hazards of Bank Risk Transfers
(DBN)

Overdraft fees may be capped at $5 under new rule
(DBN)

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Food/Beverage:

Starbucks Gives Baristas Smaller Pay Raises After Tough Year
(DBN)

Egg Inflation Gives Top US Producer Cal-Maine a 127% Stock Rally
(DBN)

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Personal Finance:

Waiting until age 70 to claim Social Security gets you a lot more money. Here's why so few people do it.
(DBN)

Emergency funds: What are they? How much should you have?
(DBN)

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Insurance:

P&C insurers may foot some of the bill for insolvent taxi insurer
(DBN)

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Agribusiness:

US Agriculture Industry Starts Talks With Trump Team on Tariffs, Immigration
(DBN)

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Transit:

Two-Hour NYC Tunnel Ordeal Shows Limits of Aging Subway System
(DBN)

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Economy:

Fed's Flow of Funds: Household Net Worth Increased $4.8 Trillion in Q3 US Household Wealth Climbs to a Record on Higher Stock Values
(DBN)

Weekly Initial Unemployment Claims Increase to 242,000
(DBN)

Economy faces ‘some potential storms’ in 2025, Moody’s chief economist says
(DBN)

Rising food prices to blame for Producer Price Index increase US Producer Prices Jump on Eggs But Fed Categories Come in Soft Egg prices may soon 'flirt with record highs,' supplier says. Here's why. Why Are Eggs So Expensive Again? A 38% Price Hike Explained Egg prices soar - beef, too - and deliver inflation shock to grocery shoppers
(DBN)

Democrats Delete Tweet Mocking Americans for Buying Gifts Despite Concerns Over Grocery Prices: 'We Were Thinking Y'all Couldn't Afford Eggs'
(DBN)

JD Vance Complains About $4 Eggs While Standing In Front Of $3 Eggs
(DBN)

Trump Reverses Pledge to Lower Grocery Prices Trump says slashing grocery prices will be ‘very hard’
(DBN)

Coffee prices climb to near 50-year highs — and it may take years for the rally to run out of steam
(DBN)

10-year Treasury yield hovers above 4.3% as investors focus on Fed policy
(DBN)

Wholesale prices rose 0.4% in November, more than expected
(DBN)

Trump says it will be 'hard' to bring down grocery prices
(DBN)

Economy faces 'some potential storms' in 2025, Moody's chief economist says
(DBN)

Many Americans struggle to keep the lights turned on as energy costs and usage rise
(DBN)

Donald Trump has some surprising allies in his war on credit card rates
(DBN)

Trump Advisers Consider Raising SALT Write-Off Limit to $20,000
(DBN)

‘We Can’t Sit Back’: Canada’s Premiers Float Retaliatory Options Against Trump Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War
(DBN)

No Winners Seen in Trump’s ‘Hugely Destructive’ Energy Tariffs
(DBN)

Trump faces tariff red tape
(DBN)

Traders aren't taking Trump's tariff threats seriously. This Wall Street bank says they should.
(DBN)

Trump’s Tax Cuts May Fail to Drive Much, If Any, Economic Boost
(DBN)

Elon Musk Pushes for Federally Funded Ozempic and Less Government Spending
(DBN)

SNB’s Schlegel Says Nobody Likes Negative Rates But They Do Work
(DBN)

A December government shutdown looms: Where negotiations stand
(DBN)

Why Social Security Delays Could Hit in 2025
(DBN)

How big business is making its relationship with Republicans great again
(DBN)

Texas: Screw monarch butterfly (the state insect BTW)
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Bankruptcy court looks to "totality of the circumstances" regarding payment of post-petition rent
(DBN)

Realtor.com Reports Active Inventory Up 23.5% YoY
(DBN)

The "Home ATM" Mostly Closed in Q3
(DBN)

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Municipalities:

Staring down bankruptcy, Mt. Healthy Schools seeks to have state loans converted into grants
(DBN)

Rural towns push to divorce from big cities, form new conservative state
(DBN)

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Oil/Gas:

Oil prices end lower as IEA sees global market 'comfortably supplied' next year
(DBN)

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Climate:

Germany Losing Time to Replace Coal as Berlin Scraps Gas Plan
(DBN)

Malibu Fire’s Spread Slows as Easing Winds Aid Firefighters
(DBN)

Ocean Heat Wiped Out Half These Seabirds Around Alaska
(DBN)

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Finance:

Carlyle Raises $5.7 Billion for Opportunistic Credit Fund
(DBN)

Credit Risks Are Rising as Demand Exceeds Supply, PineBridge Warns
(DBN)

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Tech:

One quick trick to make AI actually useful
(DBN)

The Ascension of the Silicon Valley Mafia
(DBN)

AI company says its chatbots will change interactions with teen users after lawsuits
(DBN)

Public salary data reveals how much xAI pays some workers compared to OpenAI
(DBN)

The extremely online life of the American teenager
(DBN)

Elon Musk reveals SEC sent him ‘settlement demand’ after Twitter buyout probe
(DBN)

Dallas Gets Robot Food Delivery
(DBN)

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Newspapers:

Los Angeles Times Owner Wades Deeper Into Opinion Section
(DBN)

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Celebs:

‘Vanderpump Rules’ star James Kennedy arrested on domestic violence charge
(DBN)

Morgan Wallen pleads guilty to throwing chair from rooftop bar in Nashville 'Incarceration': Country star gets 7-day sentence over drunken chair-tossing incident
(DBN)

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Gambling:

New Jersey Gambling Addict Suing MGM Resorts For Allegedly Exploiting His Addiction
(DBN)

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Water:

How to Make Sense of the Fluoride Debate
(DBN)

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Media:

CNN’s Van Jones Frets ‘Fringe’ Has Replaced ‘Mainstream’ Media: ‘We’re on Cable News Getting 1-2 Million’ While They’re ‘Getting 14 Million Streams’
(DBN)

MSNBC ratings collapse postelection, Fox News surges as cable faces an uncertain future
(DBN)

No one wants to own cable TV networks anymore
(DBN)

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Retailing:

Store closures have surged 69% in 2024. Here are the retailers shuttering thousands of stores.
(DBN)

The naughty list: Container Store may be the latest notable retailer to file bankruptcy in 2024 Container Store Prepares to File for Bankruptcy in Coming Weeks
(DBN)

Gen Z to the rescue? How malls are winning over a generation of in-person shoppers
(DBN)

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Autos:

Trump’s Push to Eliminate EV Tax Credits Hits GOP Lawmakers’ Home States
(DBN)

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Healthcare:

UnitedHealth stock has plunged since Brian Thompson's murder. The CEO now is calling for healthcare reform.
(DBN)

Wall Street's Role in Broken Health Care System
(DBN)

US Hospitals Continue to Close Labor & Delivery Services
(DBN)

Trump commits to protecting abortion pill access
(DBN)

Does research back up frustrations Americans feel toward the health care industry?
(DBN)

Top Montana court allows gender-affirming care for trans minors during litigation, citing privacy protections
(DBN)

Euthanasia Is Now The Cause Of 1 In 20 Deaths In Canada
(DBN)

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Crypto:

Bitcoin mining is one of the suspected causes of the power outages disrupting life in Iran
(DBN)

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Pageants:

Miss America seeks to withdraw from bankruptcy amid ownership dispute
(DBN)

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Education:

Is business school worth it? Here are the worst reasons to get an M.B.A.
(DBN)

Professors self-censor for fear of retaliation, survey found
(DBN)

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Steel:

Reasons to Block US Steel Deal Are Buried in Treasury Letter
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Why The Onion’s Infowars bid has been blocked — for now Alex Jones’ Infowars Sale Hinges on More Money and Less Secrecy
(DBN)

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Aviation:

New Spirit Airlines Notes Reveal Market’s Debt-Deal Anxiety
(DBN)

NJ, NY senators demand federal briefing on mystery drones Lawmaker accuses Pentagon of lying about New Jersey’s mysterious drones 'Urgent concern' over mystery activity; Johnson says he will get classified briefing What New Jersey's Mystery Drones Could Actually Be, According to Experts White House downplays mystery drones as key lawmakers demand answers Is a Foreign Adversary Flying Drones over New Jersey? Drone mystery deepens with Chinese man's troubling Google history after his arrest for 'flying over US base' US senator says mysterious drones spotted in New Jersey should be ‘shot down, if necessary’ Sheriff calls for state of emergency over New Jersey drone sightings
(DBN)

Mystery 'Orbs' Appear To Hover Over Minnesota Sky
(DBN)

Pilot Encountered Mystery Objects 'Moving at Extreme Speed': FAA
(DBN)

World’s Top Retailer Is Now Trying to Save Air New Zealand
(DBN)

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Fraud:

President Joe Biden commutes sentences for two of Chicago area’s most notorious fraudsters
(DBN)

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Politics:

Trump says daughter-in-law Lara could carry on political dynasty Donald Trump's Favorability Rating Is Positive for First Time Ever Trump insists Elon Musk will put country before his companies How Trump is hammering Congress ‘on every issue’ — with a clear focus Trump's conspiracy cabinet is about to take over the deep state Voters split on whether Trump is serious about going after political enemies: Survey 11 highlights from Trump's Time Person of the Year interview Time Magazine's FactCheck of Person of the Year Trump says transgender bathroom debate less important than other issues Xi Jinping Rejects Donald Trump's Inauguration Invitation: Report Amazon Founder Jeff Bezos Is The Latest Tech Titan To Travel To Meet Trump Amazon To Donate $1M To Trump's Inaugural Fund: Report
(DBN)

Some in GOP Fear a DOGE Dilemma Setting In
(DBN)

GOP Plan to Redefine Citizenship is Illegal
(DBN)

FAA chief resigns, opening another spot for a Trump pick
(DBN)

Gabbard struggles to woo senators ahead of confirmation fight
(DBN)

Kimberly Guilfoyle Is Trump’s Latest Nominee Who Was Accused of Sexual Misconduct
(DBN)

‘Now she’s the world’s problem’: Some Arizona Republicans relieved Lake is heading to Washington
(DBN)

Hegseth attacked gay troops Hegseth walks back controversial comments on women and gays in the military
(DBN)

These are the Trump appointees who have faced legal troubles
(DBN)

Trump Cabinet picks soften past statements amid Senate scrutiny, while others plunge ahead
(DBN)

Moreno backs Thune's two-step legislative plans
(DBN)

The pitchforks are here: Populist rage and the rise of moral absolutism
(DBN)

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Theatres:

State Theatre bankruptcy lawsuit targets Bay City, businesses
(DBN)

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Motorcycles:

KTM promise shattered: the first reactions
(DBN)

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Sovereigns:

Ecuador’s Amazon Debt Swap Set to Cancel $1.5 Billion of Bonds
(DBN)

Pope calls for debt reduction for poorer countries
(DBN)

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UK:

UK House Price Indicator Hits Highest in Over Two Years
(DBN)

Thames Equity Investors Will Get 5.1% Return, Barclays Estimates
(DBN)

British Hedge Fund Founder Jailed Over $1.3 Billion Tax Scam in Denmark
(DBN)

UK economy shrinks for second month, contracting 0.1% in October U.K.'s Economy Weakens Again in Blow to Government's Growth Plans UK Economy’s Contraction Casts New Doubt on Labour’s Growth Vow
(DBN)

Does Britain really prefer socialism to capitalism?
(DBN)

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EU:

ECB Cuts for Third Straight Time to Prop Up Flagging Economy ECB Prepared for Quarter-Point Rate Cuts at Next Two Meetings ECB’s Kazaks Says Bigger Interest-Rate Cut Possible If Needed ECB Rates Still High Considering Economic Situation, Muller Says Pimco, Fidelity See Risk of More ECB Cuts Than Market Expects Europe’s Rates Head Lower in Readiness for Another Trump Era
(DBN)

Europe Has Choice of Doing Hard Work or Facing Next to No Growth
(DBN)

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Canada:

Ontario Threatens to Cut Off U.S. Energy Exports If Trump Makes Good on Tariff Plan
(DBN)

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Russia:

NATO chief warns of ‘huge risk’ in Ukraine talks without Putin
(DBN)

NATO secretary general warns world must prepare for war... 'We are not ready for what is coming'
(DBN)

Kyiv Identifies Tankers It Says Are in Russia’s Shadow Oil Fleet
(DBN)

A key pillar of Russia's wartime economy could soon be taking another hit
(DBN)

Ukraine Faces Rising Risk of Nuclear Plants Incident, US Warns
(DBN)

Ukraine Surprises With Rate Increase on Accelerating Inflation
(DBN)

Europe can make up the Ukraine funding shortfall if the U.S. withdraws, analysts say
(DBN)

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Brazil:

Brazil’s Hawkish Rate Hike Fails to Stem Market Selloff
(DBN)

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Argentina:

Argentines No Longer Love the Dollar, Thanks to Milei
(DBN)

In Milei's Argentina, Economic Albatross Is Tamed but Life Is Much Harder
(DBN)

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MENA:

Netanyahu tells Sullivan he wants Gaza hostage and ceasefire deal
(DBN)

Trump sidesteps his 2020 Israel-Palestine peace plan
(DBN)

Trump isn't ruling out the possibility of a war against Iran
(DBN)

Syria’s Elation—and Fear—as History Pivots Inside Assad's luxury palace, a modernist sanctuary from the Syria he tore apart 'We are all angry': Syrian doctor describes bodies from prisons showing torture Rebel Group’s Terrorist Label Could Hinder Efforts to Aid Syria Israel Orders Troops To 'Prepare To Remain' In Syria Buffer Zone Through Winter
(DBN)

Israeli Air Force concludes operations on northern border, readies mission against Iran's nuclear program
(DBN)

Inside the far-left media that, backed by Moscow, Damascus, and Tehran, attacks Israel
(DBN)

‘The Bibi Files,’ with leaked Netanyahu footage, can’t be seen in Israel. Israelis are finding ways
(DBN)

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South Korea:

Five Minutes to Martial Law: Yoon Stunned Cabinet With Snap Move Second Martial Law Impeachment Vote Looms For S. Korean President South Korea Support for Yoon Hits Record Low Before Key Impeachment Vote South Korean Stocks Erase Most Losses From Martial Law Fiasco South Korea Finance Chief Looks to Reassure Credit Rating Firms
(DBN)

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China:

China signals readiness to mend ties with U.S. ahead of Trump inauguration
(DBN)

China’s Credit Growth Unexpectedly Slows Despite Stimulus
(DBN)

China to Grow Around 3%-4% in Coming Years, Top Economist Says
(DBN)

Chinese Coal Prices Slump to Year’s Low as Stimulus Disappoints
(DBN)

What China’s Persistent Deflation Means for the World
(DBN)

BofA Says Investors Rush to China Stocks After Politburo Pledge
(DBN)

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Japan:

Japan’s ban on recognizing same-sex unions is unconstitutional, a court finds. Here’s what to know
(DBN)

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Germany:

German Economy Will Hardly Grow in 2025, Bundesbank Says
(DBN)

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France:

Altice France’s Creditors Depart Paris Without Debt Deal
(DBN)

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