February 12, 2024

The Daily Bankruptcy News

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Law:

Partners Seem Worried About How Biglaw Behemoth A&O Shearman Will Operate
(DBN)

OGC's Managing Partner On Why An Alternative Approach To The 'Broken' Billable Hour Is Needed
(DBN)

Tom Girardi left dozens of voicemails for The Times and a reporter investigating him. Was it a ploy?
(DBN)

This City Is Seeing Some Noteworthy Growth
(DBN)

Taylor Swift’s Plane Tracking, Trademarks Aided by Venable
(DBN)

Snoop Dogg, Master P sue Walmart for allegedly ‘hiding’ their cereal
(DBN)

One Of These Defendants Is Not Like The Others, One Of These Defendants Doesn't Belong!
(DBN)

Why Trump was charged and Biden wasn’t, according to the special counsel How Biden’s Mishandling of Classified Papers Differs From Trump’s Criminal Case Former FBI Deputy Director Andrew McCabe finds 'nauseating similarities' between Biden special counsel report and Hillary Clinton email case Trump calls Biden's handling of classified documents “brazen theft” White House to "look at" releasing Biden transcript in Hur probe Christie says Hur report doesn’t cross any lines Former US attorney says special counsel report’s details on Biden’s memory were ‘superfluous’ “I Should Not Be Charged”: Trump Claims Hur Report Is “Selective Prosecution” Release of Hur Report Underlines Perils of the Special Counsel’s Job Garland's Decision to Release the Hur Report
(DBN)

Donald Trump Rages Against Letitia James: 'Lunatic'
(DBN)

No More Legal Games for Donald Trump
(DBN)

An astonishing blunder at last week’s Supreme Court argument
(DBN)

Trump’s Fever Dream of Immunity Meets Its Match
(DBN)

Fani Willis Affair Predates Prosecutor’s Hiring, Trump Ally Claims
(DBN)

Donald Trump's Fraud Case in New York Is Far From Over
(DBN)

Trump gets access to sealed documents on witness threats in Mar-a-Lago case
(DBN)

Crenshaw on Stefanik’s claim she could decertify election if VP: ‘Totally wrong’
(DBN)

Former Matt Gaetz Associate Is Cooperating in House Investigation: Lawyer
(DBN)

Drug cartels targeting Montana
(DBN)

Texas conservatives test how far they can extend abortion and gender-transition restrictions beyond state lines
(DBN)

Texas lawyer sentenced to 180 days for slipping wife abortion-inducing drugs
(DBN)

Journal Retracts Studies Cited in Federal Court Ruling Against Abortion Pill
(DBN)

‘Utter confusion’ for migrants after crossing the border 7 questions about migration and the US-Mexico border, answered 13,000 migrants scramble to find homes and work as mass evictions from Chicago shelters loom A city of 710,000 struggles to cope with 40,000 migrant arrivals Migrants Face Cold, Perilous Crossing From Canada to New York At the Border, a Blending of Politics and Religion Abbott Increases Razor Wire on Border
(DBN)

Fears of a migrant crime wave are growing in NYC, but actual evidence is scant
(DBN)

Missouri Senate votes against allowing abortion in cases of rape and incest Bad math, bad research: the truth about abortion and rape-related pregnancy
(DBN)

Black Women 6 More Times Likely to be Killed
(DBN)

Canada declares Flipper Zero public enemy No. 1 in car-theft crackdown
(DBN)

Two arrested after running on Super Bowl field in Las Vegas: police
(DBN)

Video captures cop on hood of stolen car firing at its driver
(DBN)

Ransomware gangs collected record $1.1 billion from attacks in 2023
(DBN)

Woman firing rifle killed by 2 off-duty officers at Joel Osteen’s church
(DBN)

Inside the brutally violent Venezuelan gang using migrant wave to launch NYC phone robbery spree
(DBN)

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Judges:

Judge says he misperceived interaction at bar event as flirting, leading him to touch lawyer’s ‘lower hamstring’
(DBN)

Judge Cannon 'Playing With Fire' in Trump's Mar-a-Lago Trial: Legal Analyst It’s unlikely witnesses against Trump in the Mar-a-Lago documents case will be outed despite judge’s ruling, legal experts say Aileen Cannon pauses unredacted document deadline after Smith warns of 'clear error' The Special Counsel Isn't Saying Judge Cannon Is A Moron. But ...
(DBN)

A judge has resigned after sending 500 texts during a toddler's murder trial in which she mocked a prosecutor, jury members, and witnesses
(DBN)

Court Of Appeals Snubs Newman From Even Reading Their Emails
(DBN)

New Jersey Court Responds to CRC Letter
(DBN)

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Wall Street:

Stock futures are little changed after the S&P 500 closes above 5,000 for the first time
(DBN)

US stocks rise as S&P 500 sails past 5,000, boosted by cooling inflation data S&P 500 Rockets From 4,000 to 5,000 With Economy Humming Along S&P closes at record high as Wall Street bulls run wild Biden Calls S&P 500 Record a ‘Sign of Confidence’ in US Economy Relentless S&P 500 Momentum Leaves Dip Buyers Without a Playbook The S&P 500 just cracked 5,000 points — but don’t count on its stellar returns continuing
(DBN)

Corporate America’s Surprising Profits Help Propel Stock Rally
(DBN)

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Layoffs:

How Companies Say ‘Layoffs’ Without Saying ‘Layoffs’
(DBN)

Baker Hughes laying off hundreds in Houston as part of global restructuring of oil field services division
(DBN)

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Firearms:

Remington Leaves NY Village After 200 Years This small New York village made guns for 200 years. What happens when Remington leaves?
(DBN)

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Trucking:

Next Century’s bid for Yellow back on table
(DBN)

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Autos:

FBI Probes Allegations of Title Fraud at Bankrupt Florida Classic Car Dealership
(DBN)

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Education:

Charter-School Stress Breaks Record With Pandemic Aid Ending
(DBN)

Chaplains in public schools? Florida bill would give options for religious counselors
(DBN)

Right Wing Takeover of Florida's Universities
(DBN)

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Accounting:

EY Added $700 Million in Debt for Failed Spinoff Costs
(DBN)

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Autos:

As electric vehicle demand slows, workers caught in the middle face an uncertain future
(DBN)

Nissan shares see biggest plunge in two decades as China worries deepen
(DBN)

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Banking:

Real estate pain for US regional banks is piling up, say investors
(DBN)

NYCB Jumps as CEO, Board Buy Shares After $4 Billion Selloff
(DBN)

Citi hit by new Fed rebuke, setbacks on consent orders
(DBN)

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Retailing:

Discount Home Retailer Big Lots Seeks Cash During Ongoing Losses
(DBN)

Amazon steers consumers to higher-priced items, lawsuit claims
(DBN)

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Credit Counseling:

He Grew Up in the Shadow of the ‘Wolf of Wall Street.’ Then He Got Into Debt Settlement.
(DBN)

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Ride Hailing:

Waymo robotaxi goes up in flames in Chinatown after crowd attacks vehicle
(DBN)

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Sports:

The Frantic Blitz to Figure Out Sports Streaming
(DBN)

Super Bowl 2024 - Highlights from Chiefs' win vs. 49ers Super Bowl fans stunned by nachos costing staggering $60 as price of food inside Allegiant Stadium is revealed Here are the top five commercials from the Super Bowl Who is Taylor Swift sitting with at the Super Bowl?
(DBN)

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Student Debt:

Resumed student loan bills putting the squeeze on households
(DBN)

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Radio:

Audacy Bids Bye-Bye To Boston Properties In Multi-Million Deals
(DBN)

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Biotech:

Biotech bankruptcies hit 10-year peak in 2023
(DBN)

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Economy:

Slower US Inflation Is Set to Fuel Fed Cut Optimism
(DBN)

Early GDP Tracking: Solid Start for Q1
(DBN)

How the Fed’s inflation fight has changed over the last year
(DBN)

Forcing workers back to the office is 'dinosaur management' — and companies risk losing out, expert says
(DBN)

Why work is so miserable in America
(DBN)

Lawmakers face sticking points as looming shutdown deadline nears
(DBN)

Poor Weather Reduced Employment by About 50,000 in January
(DBN)

What if the government abolished your 401(k)? Economists say accounts aren't worth it
(DBN)

Cost of a Decent Retirement is Rising
(DBN)

Consumers are stressed. It could be showing in how we bought toys in 2023
(DBN)

Media portrayals of absent Black dads often get it wrong. A new study busts common myths
(DBN)

The US, China, and Europe's economies are drifting apart. The global 'decoupling' is moving markets.
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

AAR: January Carloads Down and Intermodal Up YoY
(DBN)

Arlington, Virginia gave people $500 a month. They worked less overtime and pursued education instead, a report found.
(DBN)

It seems like everyone you know is moving. But our grandparents' generation actually did it much more.
(DBN)

What the business community thinks of a Trump economy reboot
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Spring home buying season is near. Real estate pros say this year's rush could push prices up 5% after a weak 2023.
(DBN)

A Buffett Protégé Makes an Offbeat Bet: Buy San Francisco Real Estate Real-estate tycoon looks to buy $900 million worth of San Francisco office space
(DBN)

The 10 cities giving Gen Z homebuyers hope right now: Study
(DBN)

Adam Neumann wants to regain control of WeWork. Here's why your office is still open despite the bankruptcy filing.
(DBN)

Which US States Have the Most HOAs
(DBN)

Office occupancy has hovered near 50% for 13 months. Here’s why cities can shrug it off for now—and why ‘tax shifting’ looks likely
(DBN)

Florida Residents Leaving Over Insurance Crisis
(DBN)

House Democrats poke the NIMBY bear with 2024 housing push
(DBN)

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Oil/Gas:

Energy’s impact on Texas economy shattered records last year
(DBN)

California introduces rule to end fracking in the state
(DBN)

What we've learned about Biden's LNG pause in week two
(DBN)

No, EV Sales Aren't Plummeting
(DBN)

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Healthcare:

Two medical groups step in after a bankrupt California hospital left a health care desert
(DBN)

Lawsuit: Humana's use of AI cutting off patients, forcing families into cruel decisions
(DBN)

Why are Republicans more likely to suffer hearing loss?
(DBN)

Feb 9th COVID Update: Weekly Deaths Increased
(DBN)

More states are considering bills allowing medically assisted death this year
(DBN)

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Celebs:

Kanye Releases Antisemitic Single
(DBN)

Elon Musk Must Testify in SEC Twitter Probe, Court Rules
(DBN)

Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
(DBN)

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Fitness:

Gyms Face Tough Year as Key January Growth Screeches to a Halt
(DBN)

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Politics:

Joe Biden trolls NFL conspiracy theorists with Chiefs victory post: 'Just like we drew it up'
(DBN)

Trump says ‘there’s no way’ Taylor Swift will endorse Biden Trump to Taylor Swift: Don't be ungrateful
(DBN)

Favoring Foes Over Friends, Trump Threatens to Upend International Order Trump’s NATO comments are ‘consistent with his love for dictators,’ says Chris Christie Trump’s NATO comments stir up a political storm as Russia keeps quiet Shocking moment Donald Trump tells cheering crowd he would encourage Russia to attack fellow NATO members for failing to 'pay their dues' 'Enough to make Reagan ill': Trump’s NATO remarks under fire Trump's comments about allowing Russia to attack NATO countries are 'appalling and unhinged,' the White House says Haley on Trump’s NATO remarks: ‘Don’t take the side of a thug’ Rubio dismisses Trump’s NATO comments: ‘Zero concern’ Marco Rubio defends Trump’s NATO remarks: As president, ‘he didn’t pull us out’ An Outburst by Trump on NATO May Push Europe to Go It Alone
(DBN)

Former Trump Official Issues Ominous Warning About Potential Second Term
(DBN)

Trump bizarrely claims 'they' will change the name of the state of Pennsylvania if he loses it
(DBN)

World leaders who clashed with Trump brace for an awkward reunion
(DBN)

'Civil War' After Donald Trump Win May Be 'Worth It': Evangelical Preacher
(DBN)

Trump’s Constitutional Bullying Is a Threat to Our Democratic Safeguards
(DBN)

Trump Insinuates Haley’s Husband Deployed to Africa to Escape Her Maj. Michael Haley Hits Back At Donald Trump Slur With Scathing Fact About Animals Trump asks about whereabouts of Nikki Haley’s husband, who’s serving overseas Nikki Haley says president can't be someone who "mocks our men and women who are trying to protect America" Turf battle erupts in SC after Trump questions Haley's husband's military service Rubio declines to criticize Trump over comments on Haley's husband
(DBN)

‘Huge Victory’: Trump’s Neo-Nazi Dinner Guest Praises Charlie Kirk For Becoming a ‘White Supremacist’
(DBN)

Another House GOP committee chair announces 2024 retirement
(DBN)

Former Maryland Gov. Larry Hogan to run for Senate
(DBN)

Mental lapses by Biden AND Trump spark questions More than 85 percent think Biden is too old to serve following Hur report: Poll NYT: Yes, Biden’s Age Matters NYT: The Question Is Not If Biden Should Step Aside. It’s How. NYT: How Old Is Too Old to Be President? An Uncomfortable Question Arises Again. ‘He must do better’: NYT’s editorial board warns Biden campaign on age issue NYT: For Voters, When Does Old Become Too Old? NYT: The Challenges of an Aging President Eight Words and a Verbal Slip Put Biden’s Age Back at the Center of 2024 Why the Age Issue Is Hurting Biden So Much More Than Trump Other 80-Somethings Have Thoughts About Age and the Presidency Majority of Americans think Biden AND Trump too old for another term How Biden Can Stop the Bleeding on the Age Issue An ex-Hillary Clinton advisor says Biden should 'flood the zone' with appearances to counter focus on public gaffes Age, mental capacity dominates presidential campaign trail after report questions Biden's memory Carville: The significance of Biden not doing Super Bowl interview Haley takes swipe at Don's age with mobile billboard in SC How Biden and his allies are pushing back against a special counsel’s claims about his memory Panic, Fury and Blame: Inside the White House After Report Targets Biden’s Age Inside the White House's fight to defend Biden's fitness
(DBN)

Could Democrats replace Biden as their nominee? Democrat insiders say it is now 'panic time' and party should DUMP Joe Biden, 81, at its summer convention with Gavin Newsom 'waiting in the wings' What if November’s likely Biden-Trump rematch suddenly isn’t? Michelle Obama Is Not Replacing Joe Biden as the Democratic Nominee California Gov. Gavin Newsom hobnobs with billionaires in Vegas ahead of Super Bowl, as speculation mounts over Joe Biden's future Democrats Might Need a Plan B. Here’s What It Looks Like.
(DBN)

Mr. President, Ditch the Stealth About Health
(DBN)

Trump Has 11-Point Lead Over Biden on Economy, FT Poll Shows
(DBN)

Harris’ plan to meet with Arab American community members abruptly postponed, sources say
(DBN)

Senate Plods Along on Ukraine-Israel Aid Bill Senate works through weekend on foreign aid bill as GOP divides emerge “Close to criminal neglect”: Biden calls on Congress to secure Ukraine aid Ukraine-Israel Aid Bill Faces Another Test in Senate Amid G.O.P. Resistance Republican Senators Continue to Push for Revisions to Ukraine-Israel Aid Bill Trump Says Ukraine War Must End as Senate Advances Aid Package
(DBN)

Sen. Chris Murphy, who helped broker the failed border security package, says it's 'worrying' that Mitch McConnell couldn't deliver more votes: 'No one is in charge over there' ‘Unbelievable hypocrisy’: Democrats hope to turn the tide on border security
(DBN)

Taylor Swift Is Just the Latest Subject in a Long History of Pop Conspiracy Theories
(DBN)

Erik Prince Calls for U.S. to Colonize Africa and Latin America
(DBN)

Mayorkas, facing second impeachment vote, calls on Congress to fix border House GOP eyes a redo on Mayorkas impeachment Mayorkas calls border ‘crisis’ a ‘broken system’ Congressman Who Broke With G.O.P. on Mayorkas Vote Will Not Seek Re-election
(DBN)

Rosendale’s entry into Montana Senate primary sparks GOP furor
(DBN)

Democrats move to avert embarrassing defeat in New York race for Santos’s seat
(DBN)

The tight end the right turned against: why Travis Kelce is the man for Taylor Swift Proud Taylor Swift almost in tears as she kisses boyfriend Travis Kelce in emotional scenes as Chiefs win Super Bowl
(DBN)

RFK Jr.’s super PAC runs a $7M ad during the Super Bowl
(DBN)

Texas GOP leaders reverse course, ban antisemites from party
(DBN)

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New Bankruptcy Opinions
(6 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 (132 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Aviation:

Gol Accuses Latam Airlines of Attempting to Poach Pilots, Aircraft
(DBN)

Private Jet Club CEO Gone with $60 Million
(DBN)

A tiny investment firm claims Boeing 'hoodwinked' it into buying a failing supplier — more than a year after Boeing claimed it was 'held hostage' over the same deal
(DBN)

Passengers heard a 'whistling sound' on a previous flight on the same Boeing 737 that lost its door plug, lawsuit says
(DBN)

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Mass Torts:

A Campaign to Finally Ban Asbestos
(DBN)

Some Boy Scouts' victims ask Supreme Court to stop $2.46 billion settlement
(DBN)

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Safe Harbors:

KYC – “Know Your Customer,” or Agent, or Financial Institution, to Qualify for the Bankruptcy Code Safe Harbors
(DBN)

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Sanctions:

Sua Sponte Monetary Sanctions Against Counsel
(DBN)

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Jurisdiction:

Federal Questions and the Probate Exception
(DBN)

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Tech:

Sam Altman wants to raise up to $7 trillion. That's, uh, a lot of dough.
(DBN)

Hacking America
(DBN)

Workers worry ChatGPT and AI could replace jobs, survey finds
(DBN)

Tesla Collapse Has Investors Wondering If It’s Still Magnificent
(DBN)

Biden campaign debuts official TikTok account, but app is still banned on most government devices
(DBN)

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Crypto:

Will FTX Customers Get All Their Money Back?
(DBN)

FTX to Sell Subsidiary Acquired for $10M to Coinlist for $500K Amid Bankruptcy Proceedings FTX’s Digital Custody Sold for a Steal: CoinList Snags Bargain in Bankruptcy Fire Sale
(DBN)

Genesis Secures Dismissal of Claims Valued at Over $1.2 Billion
(DBN)

Crypto fraud suit tied to Winklevoss twins expanded to $3B by NY AG Letitia James
(DBN)

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Corporate Governance:

Musk shifts Neuralink incorporation from Delaware to Nevada as he rails against $55 billion pay ruling
(DBN)

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Climate:

Atlantic Ocean circulation nearing ‘devastating’ tipping point, study finds
(DBN)

Category 6 Hurricanes Are Already Here
(DBN)

Scientists discover an alarming change in Antarctica’s past that could spell devastating future sea level rise
(DBN)

Angry European farmers are blocking freeways with tractors and spraying manure on buildings over green push
(DBN)

Climate change is crushing winter fun
(DBN)

Biden admin plans major carbon-free electricity buy
(DBN)

Grading Biden’s Signature Law
(DBN)

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Sovereigns:

Pakistan ‘is bankrupt’ and ‘sinking deeper every year’: Atif Mian
(DBN)

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UK:

London council on brink of bankruptcy to dim streetlighting and cancel Christmas decorations Councils need millions to prevent bankruptcy due to rising cost of homelessness: ‘It’s a national crisis’
(DBN)

Fall in insolvency-related activity in south east in January 2024
(DBN)

I went from being too poor to afford KFC to billionaire… now I’ve lost everything after mobsters fleeced me out of £725m
(DBN)

Changes to the UK Water Special Administration Regime – Do Pension Trustees of Water Industry Schemes Need to Care?
(DBN)

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EU:

ECB Needs to Start Cutting Interest Rates Soon, Panetta Says
(DBN)

EU Reaches Tentative Agreement on Fiscal Rules to Rein In Debt
(DBN)

Sentences Are Adding Up in Europe’s Biggest Tax Scandal
(DBN)

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Canada:

‘Garbage Decision’: Trudeau Vents Over BCE’s Sweeping Job Cuts
(DBN)

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MENA:

Gaza: Israel moves closer to Rafah offensive despite ‘bloodbath’ warning Saudi Arabia warns Israel of 'very serious repercussions' for Rafah plans Egypt threatens to suspend Camp David Accords if Israel pushes into Gaza border town Egypt Warily Eyes Gaza as War Builds Pressure on Its Border For Many in Rafah, Displacement Is a Recurring Nightmare Terrified Gazans Await an Israeli Advance in the City They Fled To Netanyahu says those warning against entering Rafah ‘are basically saying lose the war’ Death and Israel’s search for ‘total victory’ Desperate Palestinians in Gaza’s Rafah fear coming Israeli assault UK Expresses Concern About Planned Israel Offensive on Rafah Netanyahu Says Israel Plans to Move Rafah Civilians Before Fight Israel Warned of Disaster if It Attacks Rafah Netanyahu directs Israeli military to draw up plan to evacuate more than one million people from Rafah as offensive looms Netanyahu declares 'victory within reach' Hamas Military Compound Found Beneath UN Agency Headquarters in Gaza Israel says U.N. agency did little to root out infiltration by Hamas. Why only a trickle of aid is getting into Gaza Gaza girl, 6, who pleaded by phone to be rescued after an Israeli attack found dead along with paramedics sent to save her Biden disparages Netanyahu in private but hasn’t changed U.S. policy toward Israel
(DBN)

Israel rejects Hamas' hostage deal demands, but says still ready to negotiate
(DBN)

Israel rescues two hostages Israel frees two hostages in operation that killed at least 50 Palestinians
(DBN)

Israel Gets First Rating Downgrade Ever as Moody’s Warns on Debt Israel, Just Downgraded, Readies Bond Spree to Pay for War Against Hamas
(DBN)

Iraqi Militia Vows to Strike Back at US
(DBN)

Iranian President Ebrahim Raisi Calls for Israel’s Expulsion From UN
(DBN)

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Russia:

Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF chief says
(DBN)


Putin walks away with propaganda victory after Tucker Carlson’s softball interview
(DBN)

Back home in Nepal after fighting for Russia in Ukraine, this mercenary shares horrific scenes he witnessed
(DBN)

Russian forces are using Elon Musk’s Starlink in occupied areas, Ukraine army intelligence says Russia’s Use of Starlink ‘Systemic’ in Ukraine: Kyiv Musk denies selling Starlink terminals to Russia after Kyiv alleges their use in occupied areas
(DBN)

An unprecedented plan for Russia’s frozen assets to rebuild Ukraine
(DBN)

Why Ukraine’s new top general is known as the “butcher” Ukraine looks for new start after Zelensky fires top general Zelenskiy Replaces More Generals as Military Shakeup Expands Ukraine Has a New Military Commander but the Problems Haven’t Changed
(DBN)

Short on Soldiers, Ukraine Debates How to Find the Next Wave of Troops
(DBN)

U.S. Rejects Putin’s Latest Call for Ukraine Negotiations Putin to U.S.: Let’s Make a Deal on Ukraine (on My Terms) Former US ambassador says Putin’s claims he’s open to negotiating end of war directly with US ‘not real’
(DBN)

Senate advances Ukraine aid over conservative blockade GOP senators defy Trump by advancing foreign aid bill
(DBN)


Russia Targets Kharkiv, Odesa in Biggest Drone Attack of Month
(DBN)

US Proceeds With $23 Billion Warplane, Missile Sale to Turkey
(DBN)

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India:

IBBI mandates fortnightly status reports from liquidators on delayed liquidation processes
(DBN)

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Germany:

Germany’s Days as an Industrial Superpower Are Coming to an End
(DBN)

German commercial property prices post biggest-ever drop, data shows
(DBN)

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Argentina:

Blaming Milei for Woes, Argentina’s Clisa Asks for Debt Leniency
(DBN)

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Australia:

More Victorian businesses go bust as interest rate rises hit hard
(DBN)


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