December 6, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Beats The Market For Associate Bonuses. Again.
(DBN)

Top 10 Biglaw Firm Offers Huge Stacks Of Bonus Cash To Associates
(DBN)

Applications for law school up an ‘unnatural’ 35% from 2023
(DBN)

As Non-Equity Partner Ranks Grow, Not All Lawyers Are Thrilled
(DBN)

Why Joe Biden Was the Best President for Big Law’s Bottom Line
(DBN)

US law firms eye 2025 with optimism, report says
(DBN)

A 'risk-averse' lawyer quit his job to write for TV. Now, he's adapted his own novel into a Hulu show.
(DBN)

Firm said it would make lawyers millionaires - it's Laying them off instead
(DBN)

Lawyer claimed his CV lies were due to dyslexia
(DBN)

Climate Activists Stage Protest At Biglaw Megafirm, Decrying Its 'Crimes Against The Planet'
(DBN)

FBI Nominee Kash Patel Threatens To Sue Olivia Troye For Aggravated Mean Words Crimes Cornyn says Kash Patel ‘will be’ confirmed to lead the FBI Trump’s F.B.I. Pick Has an Enemies List. Biden Should Pardon Everyone on It Here's what Kash Patel's former colleagues are saying about him
(DBN)

Father of victim in NYC subway chokehold case sues defendant Daniel Penny
(DBN)

Murder at Dawn: A Top Executive’s Final Moments in Manhattan - WSJ Brian Thompson’s ex-security shocked UnitedHealthcare CEO was unguarded after company’s Minn. HQ rocked by protests Message on bullets fired by health care CEO’s assassin bears eerie link to book condemning insurance companies Brian Thompson's home was targeted with a hoax bomb threat the same day he was killed, police say Assassinated UnitedHealthcare CEO Brian Thomson and wife had lived separately for years: report Ex-NYPD inspector ‘skeptical’ UnitedHealthcare CEO Brian Thompson’s killer was a hitman UnitedHealth Shooting Is a Wake-Up Call on Corporate Security - WSJ Manhunt for Suspect Enters Second Day - WSJ Police appear to be closing in on shooter's identity Search hostel & find pic of him unmasked Investigators swoop in on Connecticut gun shop Five new details in search for UnitedHealthcare CEO’s shooter New clues emerge as investigators hunt for the gunman who killed UnitedHealthcare’s CEO Cops storm train in hunt for UnitedHealthcare CEO's assassin Expert warns gunman may escape due to police blunder As the search for Brian Thompson's killer continues, experts in NYPD murder manhunts explain why it's taken this long Insurance executive's murder sparks online praise and hate Health Care CEO Assassin Came on Bus From GA Executives seek more protection after killing of UnitedHealthcare CEO: Risk management firm Kroll
(DBN)

Incoming Trump administration plans to deport some migrants to countries other than their own Mexico president will ask Trump to deport non-Mexican migrants directly to their home countries Biden Clears Path for Trump’s Push to Crack Down on Immigration NYC mayor to meet with Trump border czar ahead of federal deportation push
(DBN)

Fetterman says Trump should be pardoned of New York conviction Biden should pardon Trump, as well as Trump’s enemies, says Watergate figure John Dean Clemency groups use Hunter pardon to pressure Biden
(DBN)

Jan. 6 rioter headed to prison for shoving massive Trump billboard into line of cops
(DBN)

A convicted Proud Boys leader returns to Washington as Trump’s homecoming looms
(DBN)

Tina Peters appeals contempt conviction in iPad recording case
(DBN)

Defamed Georgia election workers seek double whammy against Giuliani Giuliani calls judge 'unreasonable and biased' in asking her for extension she then denied Giuliani was indicted, found liable for defamation and nearly bankrupt. Now he could land in jail
(DBN)

Sean “Diddy” Combs Decries “Untenable” Laptop Restrictions Behind Bars
(DBN)

Memphis police accused of excessive force by DOJ Discriminate against Black people
(DBN)

Total number of Texas fans caught and punished for throwing bottles in Georgia game: Zero
(DBN)

I’m a Georgia Law Professor. the YSL Trial Was a ‘Drain on Everybody’s Resources’
(DBN)

Kansas City will pay $850,000 to firefighter who didn't get promotion because he's white...
(DBN)

Deputies arrest man who murdered his ex in Home Depot over false STD claim
(DBN)

Man hires hitman to kill 97-year-old grandma, takes own life as cops investigate: Police
(DBN)

Deputy who allegedly used fake Facebook profile to harass teacher may avoid prison
(DBN)

Urgent CDC warning as new drug carfentanil 100 times more deadly than fentanyl kills hundreds in 37 states | Daily Mail Online
(DBN)

Lawyer says he killed and 'cremated' his own son after mistaking him for intruder: Cops
(DBN)

One of the teen girls who took selfies after beating disabled man to death learns her fate
(DBN)

Intelligence agencies warn of rise in online youth extremism
(DBN)

'Party house' parents arrested for allowing teens to drink before fatal crash: Prosecutor
(DBN)

Ransomware Gangs’ Merciless Attacks Bleed Small Companies Dry
(DBN)

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Judges:

What's Up With Neil Gorsuch's Hatred Of An Enforceable Ethics Code For The Supreme Court? Gorsuch recuses in environmental case amid concerns 'cozy relationship' with oil mogul
(DBN)

Suspended Judge Newman Urges Appeals Court to End Her Exile
(DBN)

House Democrats Split on Bill to Add Judges After Trump Win
(DBN)

Lawyers spar in Supreme Court over constitutional rights in transgender health care case The Supreme Court Just Gave Us a Bitter Taste of What’s Coming
(DBN)

Judge gave ‘reasonable impression’ she was letting immigrant evade ICE, ethics charges say
(DBN)

2 federal judges have changed their minds about senior status; will 2 appeals judges follow suit?
(DBN)

Judge Nixes Boeing Plea Deal Because Parties Had Agreed NOT To Discriminate Against Black People Court rejects Boeing plea deal in 737 Max crashes, citing concerns with DEI at Justice Department
(DBN)

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Wall Street:

Stock futures are little changed ahead of key jobs report
(DBN)

Dow posts first close above 45,000
(DBN)

Wall Street parties like it’s 1998 as AI fuels gains unmatched since dot-com era
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Layoffs:

Smith+Nephew announces 150 US layoffs
(DBN)

Toro announces layoffs of nearly 3% of office staff globally
(DBN)

Debt-ridden diabetes care company laying off 100-plus workers in Massachusetts
(DBN)

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Tech:

OpenAI rolls out the full version of o1, its hot reasoning model
(DBN)

Google CEO Warns the ‘Low-Hanging Fruit’ Era of AI Development Is Over
(DBN)

KPMG's AI chief explains how to make AI work for your business
(DBN)

OpenAI could go bankrupt between 2026 and 2028 – Elon Musk needs to do nothing
(DBN)

Marc Benioff says humans are already working alongside AI agents
(DBN)

How One of the World’s Richest Men Is Avoiding $8 Billion in Taxes
(DBN)

As data centers proliferate, conflict with local communities follows
(DBN)

Google says AI weather model masters 15-day forecast... Unrivaled accuracy and speed
(DBN)

'Deus in machina': Swiss church installs AI Jesus to connect the digital and the divine
(DBN)

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Healthcare:

The spotlight is on insurance companies. Patients are telling their stories of denied claims, bankruptcy and delayed care.
(DBN)

When a medical insurance CEO was gunned down in the street, some people celebrated his death. What does this tell us about American healthcare?
(DBN)

Dr. Peter Hotez: Big Public Health Threats "Going To Come Crashing Down On January 21st On The Trump Administration"
(DBN)

Anthem Blue Cross Blue Shield Won’t Pay for the Complete Duration of Anesthesia for Patients’ Surgical Procedures Anthem reverses controversial anesthesia coverage decision amid blowback
(DBN)

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Autos:

Why Americans aren't buying cars anymore
(DBN)

Stellantis CFO reveals 2 tensions around the CEO's abrupt exit and promises to rebuild trust
(DBN)

Automakers say they need a 'miracle' to meet EV transition timelines. They think Trump could help.
(DBN)

Cybertruck production has slowed because of a battery supply issue, 2 workers say
(DBN)

Musk, on Capitol Hill, says ‘get rid of all credits’
(DBN)

Auto Production Tumbles in Canada Before Trump’s Return as Detroit Pulls Back
(DBN)

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Economy:

There’s an important jobs report coming Friday. Here’s what to expect
(DBN)

November Employment Preview
(DBN)

7.8 million Americans in financial distress: Which states are struggling the most?
(DBN)

US applications for unemployment rise Weekly Initial Unemployment Claims Increase to 224,000
(DBN)

Trump China Tariff Plan Has $64 Billion Hole in Missing Imports
(DBN)

A $105 Trillion Inheritance Windfall Is On the Way for US Heirs
(DBN)

Ranks of 401(k) Millionaires at Fidelity Surge to Record
(DBN)

Canada Trade Surplus With US Narrows as Tariff Fight Looms
(DBN)

US Trade Deficit Narrows From a More Than Two-Year High Trade Deficit decreased to $73.8 Billion in October
(DBN)

Newsom dubs Trump's proposed tariffs a 'betrayal' of American consumers
(DBN)

Tariffs spell end to rate cuts
(DBN)

Trump’s tariff threats could open the door to China
(DBN)

Japan Eyes Talks With Trump That Include Cutting Auto Tariffs
(DBN)

Elon Musk, Vivek Ramaswamy start ‘brainstorming’ with Congress to cut government spending DOGE could help fix our infrastructure problems — or make them far worse DOGE is generating major GOP buzz on Capitol Hill — but details remain scarce GOP Senator Prepares DOGE Act to Kill Agencies Blackburn unveils ‘DOGE Acts’ to cut spending, freeze federal hiring and salaries Musk, Ramaswamy have few answers for tough DOGE questions from GOP George Will: ‘My column’ has the same power as Musk, Ramaswamy’s DOGE
(DBN)

Work-life balance isn’t working for women. Why?
(DBN)

Companies Breathe Sigh of Relief With Halt to Ownership Disclosure Mandate
(DBN)

House GOP opposition signals trouble ahead for Johnson on a spending deal
(DBN)

Everybody Loves FRED: How America Fell for a Data Tool
(DBN)

Bain’s Rufino on Special Sits Strategy: State of Distressed Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

US Mortgage Rates Fall to Lowest Since October, Hitting 6.69%
(DBN)

The housing shortage is so bad older homes are almost as expensive as brand-new ones
(DBN)

Realtor.com Reports Active Inventory Up 25.9% YoY
(DBN)

Number of Consumers with New Foreclosures and Bankruptcies, Q1 2003- Q3 2024
(DBN)

5 predictions for the US housing market in 2025, according to Realtor.com
(DBN)

Asking Rents Mostly Unchanged Year-over-year
(DBN)

When Will the Housing Market Crash? Economists Don't Foresee It in 2024 or 2025
(DBN)

Boston Mayor’s Plan to Raise Commercial Property Taxes Hits Snag
(DBN)

Landlord and brother killed tenant in front of family during dispute over hot water: Cops
(DBN)

More Americans are living in malls, as developers get creative to help ease the housing crisis
(DBN)

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Oil/Gas:

Chevron Slows Permian Growth in Latest Hurdle to Trump Oil Plan
(DBN)

Global Oil, Gas Demand Remains Uncertain, BMI Warns
(DBN)

U.S. Gas Prices Climb as Europe Scrambles for Supply
(DBN)

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Politics:

Trump Claims a ‘Historic’ Mandate. Polls Show Americans Have Mixed Feelings.
(DBN)

Trump isn't president yet, but that hasn't stopped him from starting to act like he is
(DBN)

Goodbye to the American Century?
(DBN)

As Hegseth fights to head Pentagon, Trump not working the phones to save him: Sources Hegseth promises to stop drinking if confirmed, GOP senator says Hegseth meets with combat veteran and sexual assault survivor Sen. Ernst An architect of Project 2025 is pressuring Republican senators to confirm Pete Hegseth Senate GOP sees Hegseth nomination as likely doomed Jimmy Kimmel Thinks Pete Hegseth Cameo Videos Could Soon Be a Thing
(DBN)

Reasons DeSantis for defense secretary may never happen
(DBN)

Trump names former PayPal executive David Sacks as AI, crypto czar He Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S. 'I pulled him out': Trump pushes back on DEA pick saying he withdrew Trump names ICE chief and makes another round of immigration announcements Meet Trump's pick for ambassador to China Trump’s transition running into early problems How Tulsi Gabbard formed her controversial views on Russia, ex-aides say Nearly 100 former national security officials 'alarmed' at prospect of Gabbard leading intel community
(DBN)

Some Trump Cabinet picks may have trouble getting clearances. Trump can grant them anyway.
(DBN)

Is the Urban Shift Toward Trump Really About Democratic Cities in Disarray?
(DBN)

Concerns mount over Musk’s taste for revenge Musk Warns Congress: I’m Keeping a ‘Naughty or Nice’ List Elon Musk spent a quarter-billion dollars electing Trump, including financing mysterious 'RBG PAC' It Turns Out Elon Musk Bankrolled That Pro-Trump Ruth Bader Ginsburg Super PAC Her Granddaughter Called ‘Appalling’
(DBN)

Secret Service leader erupts at GOP lawmaker over 9/11 questioning
(DBN)

House torpedoes Democratic-led effort to release Ethics report on Matt Gaetz
(DBN)

After pardoning son, Biden returns home to a credibility problem A Bipartisan Slippage in Standards
(DBN)

Obama hails 'power of pluralism' as some Democrats push to pass the torch Obama calls political ‘divisiveness’ one of the ‘greatest challenges of our time’
(DBN)

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Healthcare:

Medicaid funding cuts could end coverage for many
(DBN)

Torrent of Hate for Health Insurance Industry Follows C.E.O.’s Killing
(DBN)

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Media:

Los Angeles Times Owner Plans to Launch Tech-Driven “Bias Meter” On Articles Next Year
(DBN)

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Steel:

Sanjeev Gupta’s Vast Steel Empire Risks Finally Falling Apart
(DBN)

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Food/Beverage:

Casual Restaurant Bankruptcies Accelerate as Customers Retreat
(DBN)

White Claw Maker Seeks Cash Boost, Weighs Restructuring
(DBN)

Foxtrot reopens 5th Chicago store as Illinois Department of Labor seeks backpay
(DBN)

Starbucks' new CEO wants you to get a brewed coffee in 'less than 30 seconds'
(DBN)

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Utilities:

US Electricity Demand Forecast to Surge 16% Over Next Five Years
(DBN)

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Consumer Finance:

Holiday shopping has more Americans getting comfortable with buy now, pay later
(DBN)

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Agribusiness:

Sellers of Toxic Fertilizer Ask Congress: Protect Us From Lawsuits
(DBN)

Rockland Farm Alliance Files Bankruptcy; Organization Has Been Wracked By Discrimination Claim From Executive Director Sue Ferreri
(DBN)

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Credit Repair:

Millions hurt by credit repair firms to share $1.8 billion in refunds
(DBN)

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Motorcycles:

An Outsiders Look Inside KTM
(DBN)

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Batteries:

Bankruptcy filing of Northvolt shows lack of competitiveness in manufacturing in Europe and US
(DBN)

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New Bankruptcy Opinions
(7 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 (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings See Notable Increases in November 2024
(DBN)

Study: Nevada among leading states with financial stress, most bankruptcy filings
(DBN)

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Tax:

IRS Climbing a Steep Hill in Bankruptcy Trustee Clawback Dispute
(DBN)

Wealthy Americans are still ducking the IRS crackdown on non-filers
(DBN)

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Automatic Stay:

Applying The Automatic Stay’s Police Power Exception (In re Ruiz)
(DBN)

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Bankruptcy Reform:

Teamsters Applaud Introduction of Bipartisan Corporate Bankruptcy Reform Legislation
(DBN)

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Exit Finance:

The Gift of Exit Financing
(DBN)

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Corporate Governance:

Directors, by Securing Indemnification Rights, Were Rendered Self-Interested—GB-SP v. Walker
(DBN)

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Aviation:

Incora Judge Imposes Christmas Deadline on Brawling Creditors
(DBN)

Spirit executive blames other airlines for a 'manufactured' pilot shortage and says some want the carrier out of business
(DBN)

It happened again: Delta passengers endured a 5-hour flight to nowhere, ending up back at JFK
(DBN)

Airline passengers would get paid for major delays under rules considered by Biden administration
(DBN)

NASA’s stuck astronauts hit 6 months in space. Just 2 more to go
(DBN)

South African Airways Unable to Sustain Pilots’ Strike, CEO Says
(DBN)

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Consultants:

McKinsey to Pay $122 Million to Resolve South Africa Bribes Case
(DBN)

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Solar:

Struggling Solar-Panel Maker Meyer Burger Secures Bridge Loan
(DBN)

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Climate:

Clean Energy Program Races to Finish Work Before Trump Takes Over
(DBN)

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Labor:

Business groups wary of Trump’s pro-union Labor secretary pick
(DBN)

Volkswagen Braces for Fresh Walkouts on Monday as Talks Resume
(DBN)

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Utilities:

Serious concerns arise about PREPA, Genera and LUMA performance
(DBN)

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Education:

100 Texas teachers under review in 'ridiculous' cheating scandal
(DBN)

S&P releases report warning Chicago Board of Education
(DBN)

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Crypto:

Summers Blasts US National Bitcoin Reserve Idea as ‘Crazy’
(DBN)

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Celebs:

Angelina Jolie faces ‘bankruptcy’ amid legal battle, ‘terrified’ of losing everything
(DBN)

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Sovereigns:

World Bank Raises Record $100 Billion for Aid to Poorest Nations
(DBN)

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UK:

It was a privilege – considerations in insolvency proceedings
(DBN)

Covalis Capital Puts Up £5 Billion Takeover Bid for Thames Water Thames Water’s Equity Raise Gets Muted Response From Investors
(DBN)

Almost all councils allowing staff to work from home
(DBN)

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EU:

Europe in the line of fire as Trump threatens trade war with China
(DBN)

ECB to Cut Faster in Bid to Revive Flagging Economy, Poll Shows
(DBN)

Euro-Zone Consumers Finally Start Spending, Boosting Growth
(DBN)

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Canada:

Trump Loves Tariffs But Canada Can Strike Back on Oil, Ex-Trade Chief Says Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs
(DBN)

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Russia:

Putin's Ukraine drone barrages are increasingly backfiring on his closest ally
(DBN)

India reduces reliance on Russian weapons, pivots to US
(DBN)

NATO is planning a fleet of sea drones to protect critical underwater infrastructure
(DBN)

Ukraine's front-line fighters and dronemakers are trying to crowdfund their way to Russia's defeat through cheap strikes
(DBN)

Putin acknowledges a key pain point in Russia's economy
(DBN)

Ukraine’s Neighbors Are Turning Their Backs
(DBN)

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MENA:

Amnesty International accuses Israel of committing genocide against Palestinians
(DBN)

Syrian army withdraws from Hama amid rebel surge Rebel army seizes one of Syria's biggest cities as government forces retreat Why the rebel capture of Syria’s Hama, a city with a dark history, matters If Assad falls, Putin and the mullahs could be next In Syria, a long-dormant civil war reignites Syria's Assad can't count on Iran to stop the rebel offensive Thousands flee as Syrian rebels close in on third major city
(DBN)

Israel showed the 'power' of F-35s in destroying nearly all of Iran's air defenses without a loss, UK admiral says
(DBN)

Could Trump Make the Ultimate Deal With Iran?
(DBN)

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France:

President refuses to step down France’s Macron vows to stay in office till end of term, says he’ll name a new prime minister soon Why Le Pen Says French President Macron Should Not Resign
(DBN)

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China:

China's cheap goods are threatening to undermine its influence in the developing world
(DBN)

China now a nuclear threat to the West, warns Armed Forces head
(DBN)

China Sets Precedent by Banning Others From Selling Goods to US
(DBN)

Wall Street Banks Predict Biggest China Rate Cuts in Decade
(DBN)

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Italy:

Italian police arrest nun over links to mafia
(DBN)

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South Korea:

The South Korean president's party says he needs to go — and that he tried to arrest its leaders during martial law Special Forces Chief in Seoul Defied Order to Drag Out Lawmakers The leader of South Korea's opposition first thought the president's martial law declaration was a deepfake
(DBN)

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Germany:

Germany Recession Risk Rises After Industrial Production Slump
(DBN)

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Argentina:

Argentina Central Bank Lowers Rate to 32% on Price Expectations
(DBN)

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