December 3, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

BigLaw firms pile on bonus bandwagon led by Milbank, and some offer more to top associates
(DBN)

This Firm Is Handing Out Bonuses On Top Of Bonuses For Associates Who Billed Their Butts Off
(DBN)

Associates At This Biglaw Firm Don't Have To Fish For Bonuses Anymore
(DBN)

Do These Practice Areas Boost Your Chances Of Making Partner?
(DBN)

Ohio Lawyer Disbarred After Stealing Nearly A Million Dollars From Clients
(DBN)

Biglaw Associates Still Want Flexibility, Remote Work Options
(DBN)

Ex-Skadden Chair Friedman Retiring, to Join Legal Tech Boards
(DBN)

Side Gigs Can Lead to Career Turns, Clients, or Much-Needed Fun
(DBN)

Lawyer convicted of tampering with corpse has law license revoked at her request
(DBN)

Model Lawyer Brian Steel Models Client's New Clothing Merch
(DBN)

Hunter Biden Faces Potential 5th Amendment Headache After Pardon Biden Supporters Slam Hunter Biden Pardon Decision: ‘Utter Bullsh*t!’ 6 questions about Hunter Biden’s sweeping pardon, answered As Hunter Biden pardon sparks backlash, experts say it can't be overturned Should Joe Biden Have Pardoned Hunter? Biden’s pardon of his son gives Trump an opening What Is the Legal Effect of President Biden's Pardon of His Son Hunter? Biden faces growing blowback from Democrats over Hunter pardon What to know about presidents pardoning family members and allies White House doubles down on Biden’s pardon flip-flop Joe Biden’s Parting Insult Judge Scuppered Hunter Biden Plea Deal, Not Political Pressure Hunter Biden Got Pardoned, And Special Counsel Weiss Is PISSED For Democrats, the Hunter Biden pardon is a problem — and an opportunity White House press secretary defends Hunter Biden pardon: 'Enough is enough' Biden’s broken promise on pardoning his son Hunter is raising new questions about his legacy With Hunter pardon, Biden joins short list of presidents who absolved family The Most Controversial Presidential Pardons In Pardoning His Son, Biden Echoes Some of Trump’s Complaints Previous Times Biden, the White House Pledged Not to Pardon Hunter Biden DOJ refuses to dismiss Hunter Biden charges despite pardon, citing to Steve Bannon case Trump wastes no time using Hunter Biden pardon to justify freeing all Jan. 6 rioters
(DBN)

Trump’s FBI pick has plans to reshape the bureau. This is what Kash Patel has said he wants to do 'Going to come after you': Inside Kash Patel's 'lawfare' suit against ex-Pence official
(DBN)

Trump’s plans for mass deportations: ‘No question it’s going to be ugly.’ Trump is targeting protections for almost 1 million legal immigrants As Trump plans mass deportation, Mexican views of migration harden NYC is now home to over 58K ‘criminal’ migrants — including more than 1,000 gang members: ICE 5th Circuit again blocks US from cutting razor-wire fence installed by Texas at border
(DBN)

California special session to ‘safeguard’ state from Trump starts with $25 million legal fund plan
(DBN)

Pentagon study 'grossly undercounted' military members arrested for Jan. 6: Report
(DBN)

Amid worry about Trump, calls for career Justice Dept. staff to stay
(DBN)

Harvey Weinstein Rushed To Hospital Over “Alarming Blood Test Results” After Protesting “Inhuman Conditions” At Rikers
(DBN)

JonBenet Ramsey case: Progress being made, sources say
(DBN)

Closing arguments are underway in New York City subway chokehold case
(DBN)

Idaho abortion trafficking law partly revived by US appeals court
(DBN)

Driver in golf cart wedding crash that killed new bride pleads guilty, learns her fate
(DBN)

Suitcase killer rants she is victim, not the boyfriend she left to die in zipped luggage
(DBN)

Egging prank gone wrong left man dead in street from 'lovers quarrel,' teen sentenced
(DBN)

Mom shot in the head while driving during heated road rage dispute with 24-year-old: Cops
(DBN)

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Judges:

Elon Musk Feeds AI 'All Court Cases,' Promises It Will Replace Judges Because He's An Idiot
(DBN)

Federal Judges Declaring Backsies On Retirement Since Trump Won The Election McConnell Blasts Judges Who Reversed Retirement Post-Trump Win
(DBN)

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Wall Street:

S&P 500 futures are little changed after index closes at a record
(DBN)

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Layoffs:

EY is set to cut 150 senior consultants as the Big 4 battles slowing demand
(DBN)

TelevisaUnivision Laying Off Hundreds Of Workers In Restructuring
(DBN)

Cargill to Cut Thousands of Jobs Globally After Profits Shrink
(DBN)

Ingram Micro announces over 800 layoffs
(DBN)

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Climate:

How MAGA wants jurists to reshape climate policy
(DBN)

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Student Debt:

Many student loans bills could double under Trump: report
(DBN)

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Utilities:

Puerto Rico Board, FAFFA, UCC appeal court ruling that favors PREPA bondholders
(DBN)

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Steel:

Trump repeats vow to ‘block’ Nippon Steel’s bid for U.S. Steel
(DBN)

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Healthcare:

Hearing set in sale of hospital
(DBN)

Connecticut hospital owner owes $56 million in back rent, new court docs say Yale New Haven Health seeks court order for business records in $435M Prospect Hospital dispute
(DBN)

Trump Wants to Shake Up Health Care. Many Americans Don’t Mind.
(DBN)

Governor threatens hospital's funding after doctor criticizes immigration status question
(DBN)

America Stopped Cooking With Tallow for a Reason
(DBN)

Young People's Bodies Are Aging Faster Than Ever
(DBN)

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Food/Beverage:

Stoli Group USA Files for Bankruptcy Amid Financial Struggles and Cyberattack Stoli Group USA files for bankruptcy, cites drop in spirit demand and Russian conflict Struggling budget vodka maker Stoli has filed for bankruptcy as Gen Z turns away from alcohol
(DBN)

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Social Media:

Musk challenges Infowars sale, citing social media terms in bankruptcy case
(DBN)

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Retailing:

Why The Container Store could be next retailer to go bankrupt
(DBN)

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Economy:

Trump's dollar dominance push is at odds with his agenda BRICS currency: Is Trump's tariff threat justified?
(DBN)

Trump’s Election Powers US Business Sentiment to Multi-Year High
(DBN)

More workers are losing “permanent” jobs. Should we be worried?
(DBN)

More Rate Cuts Likely Needed ‘Over Time,’ Fed’s Williams Says
(DBN)

Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflation Fed's Waller leaning toward rate cut but open to a 'skip'
(DBN)

Fed’s Williams not ready to say what Fed should do at next meeting
(DBN)

Fed’s Bostic Keeping ‘Options Open’ for December Rate Decision
(DBN)

ISM® Manufacturing index Increased to 48.4% in November US Factory Activity Shrinks Less Than Forecast as Orders Expand
(DBN)

What the Last Trump Tariffs Did, According to Researchers
(DBN)

Bond Guru Ken Leech Is Truly One In A Trillion
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac House Price Index Increased in October; Up 3.7% Year-over-year
(DBN)

Trump privatization plan will add thousands a year to typical mortgage: expert
(DBN)

Construction Spending Increased 0.4% in October
(DBN)

Housing Dec 2nd Weekly Update: Inventory down 1.7% Week-over-week, Up 27.1% Year-over-year
(DBN)

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Municipalities:

The tangled tale of a troubled town's water authority
(DBN)

Judge’s new book exposes secrets, deals of Detroit’s historic bankruptcy saga
(DBN)

Oakland’s Credit Rating Cut by Fitch as California City Tries to Plug Budget Gaps
(DBN)

Why Palm Spring Paid Reparations
(DBN)

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Politics:

Pete Hegseth’s Secret History 5 Most Shocking Details From The New Yorker’s Pete Hegseth Whistleblower Report Trump Defense pick Pete Hegseth faces new media report on alleged alcohol abuse, sexual impropriety Vet Groups Dumped Hegseth Over Misconduct
(DBN)

Potential conflicts of interest may haunt Dr. Oz confirmation
(DBN)

Single House race stands between Republicans and 1-SEAT majority
(DBN)

Data shows dire election postmortems could soon be in store for GOP: columnist
(DBN)

Trump falls just below 50% in popular vote, but gets more than in past elections
(DBN)

Dinesh D'Souza apologizes for false claims in election conspiracy theory film ‘2000 Mules’ 'Never trust them': Ann Coulter rages after MAGA star's apology for conspiracy theory film
(DBN)

Billionaires Are Lying Shamelessly to Convince Us To Destroy Our Government
(DBN)

Democratic senators urge Biden to try to limit Trump's ability to use the U.S. military domestically
(DBN)

How Gregg Abbott Won the Border War Against Joe Biden
(DBN)

‘People feel drained’: anti-Trump Americans face temptation to tune out
(DBN)

House Dem aide arrested for bringing ammunition to Capitol
(DBN)

Trump's highest compliment California Lawmakers to Begin Special Session to ‘Trump-Proof’ State Laws
(DBN)

Michigan Voters Elected a Convict Who Will Govern From Prison
(DBN)

War on woke: How a gay rights index once touted by Walmart and others became a conservative target
(DBN)

'Shame on you': Critics blast far-right lawmaker for demanding abolition of gay marriage
(DBN)

Are progressive groups sinking Democrats' electoral chances?
(DBN)

Dems' chair says Trump win shows need for change
(DBN)

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Batteries:

Germany Takes On €600 Million in Northvolt Debt After Insolvency Northvolt Appoints Markus Dangelmaier as CEO of Its Main Factory
(DBN)

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Finance:

Leveraged Loan Market’s $56 Billion Day Smashes Record
(DBN)

Zombie Lending to U.S. Firms
(DBN)

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Autos:

Hoonigan Successfully Completes Financial Restructuring
(DBN)

Nissan Is Awash in Outdated Models as Car Buyers Look Elsewhere Chief Executive Reveals Why Nissan Collapse May Be Imminent as 7,000 UK Jobs Hang in the Balance
(DBN)

Tavares clashed with Stellantis board over revival plan, sources say Stellantis Taps US Boss, Former CFO for Roles After CEO Exit Stellantis's main problem is its ownership says Salvini
(DBN)

VW Workers Go Out on Strike
(DBN)

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Fraud:

Notorious Credit Suisse bonds sped up Ken Leech’s alleged fraud
(DBN)

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Cannabis:

How a California pot company went from $575 million in cash to a 'debt death spiral'
(DBN)

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Nursing Homes:

Judge gives convicted nursing home a final sentencing delay as it tries to sell facility, avoid patient upheaval
(DBN)

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Crypto:

Two decades after Enron’s bankruptcy, the company is back as a crypto firm? Is the crooked E back? Enron makes a mysterious reappearance in Houston Enron went bankrupt years ago. Now a group claims it’s 'back.' Enron back from dead? Infamous Houston company “relaunches” on bankruptcy anniversary
(DBN)

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Motorcycles:

KTM Crisis Is Getting Worse, Restructuring To Avoid Bankruptcy
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Navigating Troubled Waters: What the Surge in Bankruptcy Filings Means for the Economy
(DBN)

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Corporate Governance:

Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated Musk’s Multibillion-Dollar Tesla Payout Gutted by Delaware Judge
(DBN)

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Bankruptcy Rules:

Changes in Bankruptcy Rules and Forms Effective December 1, 2024
(DBN)

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Mootness:

Substantially Consummated Plan Not Equitably Moot Where Remedy Could be Fashioned Without Upsetting the Reorganization
(DBN)

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Tax:

Supreme Court Urged to Back IRS in Bankruptcy Trustee Battle
(DBN)

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Discharge:

U.S. Trustee Program Obtains Denial of Discharge Based on Chapter 7 Debtor’s Failure to Preserve Records
(DBN)

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Aviation:

'You're not American!' Video catches woman's racist meltdown at family after United flight
(DBN)

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Tech:

Intel CEO retires as chipmaker loses ground in AI revolution Intel CEO Pat Gelsinger ousted by board after disastrous performance Intel CEO Forced Out by Board Frustrated With Slow Progress
(DBN)

Super Micro pops nearly 30% after special committee finds no ‘evidence of misconduct’
(DBN)

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Sovereigns:

Ghana Unlocks $360 Million Disbursement From IMF After Review
(DBN)

Maldives bankruptcy concerns no longer raised
(DBN)

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EU:

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says
(DBN)

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Canada:

Canada Fumbled Oversight of Billions in Covid-Era Business Loans, Auditor General Says
(DBN)

Trump tells Trudeau Canada should become 51st state if it doesn't like tariffs: report Trump should focus on ‘real adversaries’ instead of targeting Canada: expert
(DBN)

Canada’s Mach in Talks to Help Rescue Electric Bus Maker Lion
(DBN)

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MENA:

‘The whole foundation is rocking’: inside the explosive film about the investigation of Benjamin Netanyahu
(DBN)

Donald Trump warns of ‘hell to pay’ if Israeli hostages not released by January
(DBN)

Hezbollah Breaks Ceasefire in First Attack on Border Zone, Says Israel Israel's Netanyahu accuses Hezbollah of violating ceasefire U.S. tells Israel it is concerned Lebanon ceasefire could unravel Israeli strikes kill 11 in Lebanon after fire exchanges with Hezbollah that test ceasefire’s limits
(DBN)

Syrian rebels reignite civil war with Assad's allies focused on other fronts Key players in Syria’s long-running civil war, reignited by a shock rebel offensive
(DBN)

Who Is Massad Boulos, the Lebanese American Tycoon and Trump Adviser?
(DBN)

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France:

France on edge of meltdown as Le Pen poised to bring down Macron's government in 48 hours Investors Punish France Over Budget Turmoil Everything you need to know about the French political crisis French lawmakers to vote on Wednesday on toppling government
(DBN)

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Germany:

Valuation of Business Restructurings in Germany – Part I: Economic Life of Businesses
(DBN)

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Russia:

Ukraine war map looks 'grim' for Zelensky as Russian offensive accelerates
(DBN)

NATO's Chief Avoids Talk of Ukraine's Membership. He Says the Priority Is Helping Kyiv Defend Itself
(DBN)

New NATO Center to Coordinate Ukraine Aid Falls Behind Schedule
(DBN)

Russian overnight drone attack hit Ukraine 'critical infrastructure,' air force says
(DBN)

Germany’s Scholz vows to ‘stand by’ Kyiv as Ukraine debate rages at home
(DBN)

Russian companies are turning to teenagers and retirees amid the country's wartime labor shortage
(DBN)

U.S. will send Ukraine $725 million more in arms
(DBN)

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China:

Shareholder responsibilities in bankruptcies under new Company Law
(DBN)

Exploring creditor protection paths under new Company Law
(DBN)

The Youth Are ‘Lifeless’: Economist’s Speech Goes Viral in China
(DBN)

Bankruptcy, depression and random death: Xi’s China is tearing itself apart
(DBN)

Smaller China Solar Firms to Face Reckoning in 2025, Huasun Says
(DBN)

China is studying sanctions on Russia to figure out how to handle them if it invades Taiwan, report says
(DBN)

China bans exports of key high-tech materials, hitting back at US chip sanctions
(DBN)

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Belgium:

Court finds Belgium guilty of ‘crimes against humanity’ for kidnapping children in colonial Congo
(DBN)

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Vietnam:

Death sentence for real estate tycoon Truong My Lan upheld in Vietnam’s largest fraud case
(DBN)

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