February 13, 2024

The Daily Bankruptcy News

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Law:

Schnader Harrison used retirement contributions to fund operations, pay equity partners, suit alleges
(DBN)

Improvement on all fronts finds law firms on familiar ground in Q4 2023, LFFI Report shows
(DBN)

Law firms raised rates 6.5% to close 2023, report finds
(DBN)

Things Are Looking Up Financially For Biglaw In 2024
(DBN)

Is Biglaw In Debt?
(DBN)

Law firm Hogan Lovells reports revenue, profit highs in 2023
(DBN)

Quinn Emanuel Surpasses $2 Billion in Revenue in ‘Historic’ Year
(DBN)

It's A Counter-Cyclical World And Law Firms Are All Just Living In It
(DBN)

Ex-Greenberg Traurig partner’s defamation suit against blogger is ‘replete with unnecessary commentary,’ judge says
(DBN)

Top Law Schools Change The Dates Of Their Virtual Interview Programs
(DBN)

Travis Kelce Offers Andy Reid Critical Legal Insight During Super Bowl
(DBN)

Checks For Court-Appointed Lawyers Have Been MIA
(DBN)

Why Donald Trump May Seek to Avoid Jury Award, According to Biographer
(DBN)

Trump Georgia election judge may force D.A. to testify in disqualification hearing Judge Deals Blow to Fani Willis, Warns of Disqualification in Trump Case Fani Willis to Be Exposed By Nathan Wade's Business Partner, Lawyer Says
(DBN)

Hur overstepped mandate with ‘gratuitous’ Biden slams, say ex-DOJ Dems
(DBN)

2020 'Lawyers for Trump' volunteer deemed competent to stand trial on Jan. 6 charges 'Had a 9 mm pointed in my face by those fools': Rioter in House chamber scrum sentenced Oath Keeper attorney, girlfriend to convicted seditionist competent to stand trial: Judge
(DBN)

Alina, Would You Rather Be Smart Or Pretty?
(DBN)

Trump attends closed-door hearing in Florida classified doc case Trump Lawyers Wilding Out In Florida Docs Case
(DBN)

Trump Faces Supreme Court Deadline on Claim of Absolute Immunity Trump seeks Supreme Court intervention in election subversion case Trump Asks Supreme Court to Intervene Over Claim of Absolute Immunity Emergency filing instantly shoves the court into an unusual position Ex-Trump White House attorney: Immunity case could be over this week
(DBN)

Trump quotes Yogi Berra in last-ditch attempt to stop Jan. 6 prosecution
(DBN)

Two Cases. Two Judges. One High-Stakes Week for Trump.
(DBN)

Supreme Court to confront 14th Amendment disqualification — and not just Trump’s
(DBN)

Aileen Cannon Meets With Donald Trump's Lawyers in Private 'She's crossed the line again': Legal expert thinks Aileen Cannon may be in more trouble Cobb says Cannon has ‘no intention’ of letting Trump documents case go to trial before election
(DBN)

House Republicans request transcripts of Biden's interview with special counsel
(DBN)

GOP’s Star Witness in Hunter Biden Probe Has Ties to Russian Oligarch
(DBN)

Merrick Garland Under Fire by His Former Harvard Law Professor
(DBN)

Lawyer's Light Sentence Tells The Truth About Texas Abortion Laws
(DBN)

A McDonald’s franchisee is paying $4.35 million to settle a lawsuit from a worker who said she was raped by her manager when she was just 14
(DBN)

Houston Megachurch Shooter Had AR-15 and a ‘Detonation Cord’ Shooter at Osteen megachurch used rifle bearing word 'Palestine' Trans Pro-Palestine gunwoman shooter in Osteen church had 'Free Palestine' scrawled on AR-15 2 wounded and suspected shooter dead in incident at Joel Osteen's Houston church 'Antisemitic writings' found in search of Joel Osteen's megachurch shooter items Police have identified the woman who opened fire in a Houston megachurch. What we know TX: Neighbors Tried to Warn About Shooter
(DBN)

Gunfire at NYC Subway Kills 1, Wounds 5
(DBN)

Man Whose Gender Reveal Party Cost Firefighter His Life Pleads Guilty to Manslaughter
(DBN)

Trump's Plan to Deport Millions from the US California Sees Record Number of Indian Migrants at Border Northern states see highest record of border crossings as migrants take advantage of lax laws to get into Canada The Deadly Business of Restricting Immigration How Biden botched the border The Texas town under 'martial law': Eagle Pass residents reveal how cops and troops are seizing their property and questioning locals as it stands at the epicenter of the migrant crisis Greg Abbott Pushes Some Texas Residents Too Far 3 presidents, 3 border crises
(DBN)

11-year-old arrested after allegedly bringing handgun to Florida elementary school
(DBN)

Georgia police and FBI conduct Swat-style raids on ‘Cop City’ activists’ homes
(DBN)

Methodist church pastor accused of dealing crystal meth out of rectory
(DBN)

Texas salesman called racial slur and shot at by homeowner, saved by tablet device blocking bullet
(DBN)

Couple awarded $1M for bogus raid that led to $50 worth of pot and 1 pill of Lunesta
(DBN)

Prosecutor showed up drunk to crime scene, told cops 'discretion was allowed': Police
(DBN)

Abortion Pill Case Highlights Supreme Court Flip on Who Can Sue
(DBN)

Violent Crime Dropping Fast in the US
(DBN)

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Judges:

Seeking Nominations for the Judge Julie A. Robinson Award
(DBN)

Hours After Trump Argument, Cautious Reflections From Justice Kagan
(DBN)

Federal judge refuses to order reinstatement of 96-year-old federal appeals judge, her second loss in a week Oldest federal judge vows to 'continue to fight' to be reinstated after suspension
(DBN)

Judge resigns after allegedly texting through toddler-death trial
(DBN)

When a Judge Has Been Misled (Unintentionally)
(DBN)

Texas Judge Accused of Punching Girlfriend, Standing on Her Neck Suspended
(DBN)

Judiciary Braces for Case Spike if Supreme Court Guts Chevron
(DBN)

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Wall Street:

Stock futures slip as Wall Street looks to inflation data
(DBN)

Dow rises more than 100 points to close at a record
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Layoffs:

Tech layoffs are hitting companies that are doing just fine The layoffs sweeping tech companies are 'contagious' and 'may get worse,' Jefferies analyst predicts
(DBN)

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Personal Finance:

The salary negotiation trick that works ‘time and time again,’ according to an ex-Goldman Sachs recruiter
(DBN)

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Utilities:

PREPA judge won't push back bankruptcy hearing
(DBN)

Can Puerto Rico Rebuild Its Electric Utility?
(DBN)

Former FirstEnergy executives indicted in $60 million Ohio bribery scheme
(DBN)

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Food/Beverage:

The owner of Boston Market has filed for bankruptcy again
(DBN)

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Celebs:

Kanye West addresses past antisemitic comments: ‘I got the right to my opinion’ Kanye West claims he was two months from bankruptcy after being ‘canceled’ for antisemitic rants
(DBN)

Katie Price defiantly shows off her new £1,200 Sphynx cat after PETA's £5,000 offer to stop the bankrupt star buying pets after 'giving away puppy Tank' and string of deaths
(DBN)

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Home Goods:

Polished.com sinks as loan dispute with Bank of America threatens bankruptcy
(DBN)

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Sports:

Bally Sports’ Deal With Guardians, Twins, and Rangers Won Bankruptcy Court Approval
(DBN)

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Agribusiness:

Farmers’ Revolt Threatens Election Year Upsets Around the World
(DBN)

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Economy:

A European grocery chain is boycotting high prices. Could it happen in the US?
(DBN)

US CPI Data to Show Disinflation Handoff From Goods to Services
(DBN)

The downside of having America’s lowest unemployment rate
(DBN)

What I got wrong about loyalty at work
(DBN)

The US now has an 85% chance of recession in 2024, the highest probability since the Great Financial Crisis, economist David Rosenberg says
(DBN)

What a Split in Consumer Confidence Means for Biden
(DBN)

Arlington, Virginia, gave $500 to 200 low-income families with no strings attached. It helped them catch up on bills and quit second jobs — but many still struggle with housing.
(DBN)

45 American families are worth more than $10 billion — and the wealthiest one is even richer than Elon Musk
(DBN)

Bezos saving $600 million in taxes by moving to Miami
(DBN)

Gen Zers are choosing Texas for their new home more than any other state
(DBN)

Why one popular recession signal is flashing a false positive, Goldman Sachs says
(DBN)

Parents Would Get Up to $8,000 Under New Democratic Bill
(DBN)

Nebraska governor reverses course and says state will take federal funding to feed children
(DBN)

Sick days ushered into confusing new era
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Part 1: Current State of the Housing Market; Overview for mid-February 2024
(DBN)

Housing February 1th Weekly Update: Inventory Down 0.5% Week-over-week, Up 11.4% Year-over-year
(DBN)

Will WeWork rise from the ashes?
(DBN)

Office Towers Reshaped US Skylines. Now Construction Cranes Are Vanishing.
(DBN)

Housing Market Hits a Troubling Milestone
(DBN)

Why rate cuts won't make buying a house much easier
(DBN)

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

Lawmakers prioritize housing as US rents, eviction rates soar
(DBN)

Squatters Taking Over Homes Across America On 'Industrial Scale'
(DBN)

Home prices are 65% higher in places with high-risk air quality as climate change warps the housing market
(DBN)

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Oil/Gas:

Barclays ceases direct funding of new fossil fuel projects
(DBN)

Tankers Tied to the Russian Oil Trade Grind to a Halt Following US Sanctions
(DBN)

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Autos:

Tesla earned $1.8 billion last year from a side hustle
(DBN)

Americans Priced Out of Their Love Affair w/ Cars
(DBN)

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Crypto:

Crypto rally boosts Digital Currency Group’s financials amid lawsuits and Genesis bankruptcy
(DBN)

The FTX Hack: The Unsolved SIM Swap Mystery
(DBN)

Legal Team Withdraws Over Finances as Safemoon CEO’s Bail Granted
(DBN)

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Healthcare:

Bankruptcy isn’t the only Miami Cano Health news. There’s also a license suspension
(DBN)

The bankruptcies, acquisitions changing the physicians workforce
(DBN)

More than 2 million people dropped from Medicaid in Texas
(DBN)

Measles comeback is "canary in the coal mine" for U.S., vaccine expert says
(DBN)

More babies are being born prematurely in the US. Doctors aren’t sure why.
(DBN)

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Tech:

AI Starting to Threaten White-Collar Jobs - WSJ
(DBN)

US judge blocks Ohio law restricting children's use of social media
(DBN)

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Pharma:

Pharmaceutical group's lawsuit over Medicare drug price program dismissed
(DBN)

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Art:

Shuttered Simon Lee Gallery Owes $12.6 Million to Creditors, Insolvency Report Says
(DBN)

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Politics:

Kamala Harris 'ready to serve' amid Biden age scrutiny I’m a Neuroscientist. We’re Thinking About Biden’s Memory and Age in the Wrong Way. Democrats flood the Sunday shows to insist Biden’s mind is just fine Biden Seems Forgetful, but That Doesn’t Mean He Is ‘Forgetting’ ‘Lightbulb…on a dimmer’ New York Times editorials question Biden’s ability to serve How Biden Can Defuse the Age Problem Inside the GOP plan to stoke attention on Biden's age House Republicans want recordings of Biden's special counsel interview
(DBN)

Jon Stewart skewers Biden, Trump in ‘Daily Show’ return
(DBN)

Democrat Trying to Flip Republican Seat Raises Doubts About Biden
(DBN)

Trump says a Taylor Swift endorsement of Biden would be disloyal because he ‘made her so much money’
(DBN)

G.O.P. Officials, Once Critical, Stand by Trump After NATO Comments "No sane American President": Cheney blasts Trump over NATO comments How Trump urging Russia to invade ‘delinquent’ NATO members distorts how the alliance works NATO Defense Spending Rises to Half of Global Total, IISS Says Trump's NATO criticisms may force a long-overdue reckoning on defense spending in Europe Joint chiefs head says U.S. 'credibility is at stake' following Trump’s NATO remarks List of Republicans Speaking Out Against Donald Trump's NATO Comments Trump will pull US out of NATO if he wins election, ex-adviser warns How Trump’s NATO comments escalate his disdain for America’s allies Joint Chiefs chair defends "strong alliance" after Trump's NATO comments FactCheck: Trump's Distorted NATO Comments
(DBN)

Trump suggests daughter-in-law and two others for RNC leadership Trump endorses triumvirate of loyalists to take over RNC
(DBN)

Lindsey Graham backs Trump plan for foreign aid as a loan
(DBN)

Senate passes Ukraine funding in predawn vote Senate passes $95 billion package to aid Ukraine, Israel and Taiwan after debating bill through the night Mike Johnson signals blockade of Senate national security bill
(DBN)

Senate Republican argues Ukraine funding could lead to Trump impeachment
(DBN)

Waning McConnell Is Last GOP Bulwark Against Trump Isolationism
(DBN)

Here Are the Republicans Breaking With Their Party to Back Ukraine Aid
(DBN)

Sen. Tim Scott rises to the top of Trump’s vice presidential possibilities
(DBN)

A 39-year-old GOP congressman who rejected his party’s push to impeach Alejandro Mayorkas won’t run for reelection: ‘Congress is no place to grow old’
(DBN)

R.F.K. Jr. Apologizes to His Family for an Allied Group’s Super Bowl Ad Super Bowl ad sparks fresh scrutiny over RFK Jr.
(DBN)

‘It’s Disgusting!’ Nikki Haley Hits Back at Trump Mocking Her Husband Currently Deployed: ‘Never Been Near a Uniform’ Haley Assails Trump Over NATO, Tariffs in Bid to Close 2024 Gap Haley: ‘Rogue golf ball’ is closest Trump has come to combat Nikki Haley says Trump is 'not qualified' to be president because of his 'disrespect for the military' Haley resurfaces Trump remarks mocking veterans in new ad Haley faces tough road back into GOP after taking on Trump, lawmakers say
(DBN)

Republican Michigan lawmaker loses staff and committee assignment after online racist post
(DBN)

The Billionaire Bully Who Wants to Turn Texas Into a Christian Theocracy
(DBN)

Lawmaker introduces anti-cannibalism bill after seeing prank show
(DBN)

Trans women should be arrested over bathroom use, N.C. gubernatorial candidate says
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (58 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US Bankruptcy Filings Rise 16.8 Percent in 2023
(DBN)

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Bankruptcy Rules:

NBC Letter to Rules Committee re: Proposed Amendments to Bankruptcy Rules
(DBN)

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Mass Torts:

Supreme Court asked to pause Boy Scouts of America $2.46B bankruptcy settlement Sex-Abuse Victims Challenge Boy Scouts’ Bankruptcy Settlement
(DBN)

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Special Masters:

Time Has Come for Special Masters to Streamline Bankruptcy Cases
(DBN)

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Corporate Governance:

The First State Defines the Scope of Majority Shareholder Fiduciary Duties
(DBN)

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Discharge:

Florida Bankruptcy Court Sanctions Debt Buyer for Seeking to Collect Debt that Consumer Failed to Schedule in Bankruptcy Case
(DBN)

Debt Buyers Pay A Lot Post-Taggart
(DBN)

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Avation:

Brazilian airline Gol probes rival's effort to poach aircraft Grounded Carrier Go First Granted 60-Day Extension For Insolvency Resolution
(DBN)

Snowstorm Descends on New York as Hundreds of Flights Canceled
(DBN)

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Climate:

Climate change reversing gains in air quality across the U.S.: study
(DBN)

UN: Nearly half of migratory species in decline as global extinction risks rise
(DBN)

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Education:

Students shocked as Career College of Northern Nevada suddenly closes, files bankruptcy
(DBN)

Columbia Sued by Jewish Student Over ‘Explosion’ in Antisemitism
(DBN)

Trends in Educational Attainment in the U.S. Labor Force
(DBN)

Harvard wins dismissal of families' lawsuits over morgue scandal
(DBN)

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Banking:

US banks have loaned $1 trillion to less regulated 'shadow banks'
(DBN)

A year after the banking crisis, many small businesses are less worried about their deposits
(DBN)

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Student Debt:

Biden has forgiven $136 billion in student debt. More relief is on the way
(DBN)

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Retailing:

Express Prepares for Debt Restructuring and Possible Bankruptcy
(DBN)

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Radio:

Rocking M Auction Loser Asks Court To Reject Sale Results, Saying It Left Money On The Table.
(DBN)

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Television:

"Peak TV" reaches its end as scripted shows fall for first time since 2020
(DBN)

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Gig Economy:

Uber, Lyft, DoorDash drivers to strike on Valentine's Day for fair pay
(DBN)

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Sovereigns:

The Country is Bankrupt, Atif Mian Paints a Bleak Picture on Pakistan’s Future
(DBN)

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UK:

Aggregate’s UK Restructuring Plan Sanction Hearing: Adler in Action
(DBN)

Guildford residents face council tax and rent increase as it fights off bankruptcy
(DBN)

Cazoo responds to claims it faces mid-year insolvency
(DBN)

Corrie legend Bill Roache's huge tax bill uncovered as he faces brutal bankruptcy
(DBN)

More London mansions up for sale as billionaires go bankrupt
(DBN)

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EU:

Neo-Nazi Music Shows Return To Europe
(DBN)

Davos ski shop says won't rent equipment to Jews
(DBN)

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Russia:

Mongolia's former president mocks Putin with a map showing how big the Mongol empire used to be, and how small Russia was
(DBN)

Britain’s $3.7B aircraft carriers were meant to take a crowning role in a major NATO exercise — then failed to set sail, twice.
(DBN)

Elon Musk pushes back on Ukraine’s claim that Russian forces are using Starlink
(DBN)

Russia vs The West: Is Putin Winning?
(DBN)

NATO countries to build bunkers along border
(DBN)

France Uncovers Russian Disinformation Sites
(DBN)

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China:

Women in China aren’t having kids. We asked 3 of them to tell us why How China Miscalculated Its Way to a Baby Bust
(DBN)

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MENA:

Biden and Netanyahu’s relationship hits new low just as Congress gets ready to send Israel another $14 billion Bibi protests to Biden, criticizes order targeting Israeli settler violence Biden has called Netanyahu an a--hole 3 separate times: Report Biden Pushes for Six-Week Fighting Pause in Israel-Hamas Hostage Deal
(DBN)

US Joins World in Calling for Halt of Rafah Invasion Why is Israel planning a Rafah offensive and what would it mean?
(DBN)

Terrorists downed in seconds: new details from IDF's daring hostage rescue mission in Gaza
(DBN)

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Greece:

Hundreds of protesters opposed to bill allowing same-sex marriage rally in Greek capital
(DBN)

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India:

Personal guarantors’ insolvency: IBBI mandates Resolution Professionals to provide reports to both debtor and creditor for enhanced transparency
(DBN)

Unfolding Tax Tools To Invigorate Resolution Of Companies Under IBC
(DBN)

Delhi High Court asks IBBI to frame code of conduct for functioning of Committee of Creditors within 3 months
(DBN)

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Germany:

Inflation Has Sent German Pay Back to 2016 Levels, Study Shows
(DBN)

German Homebuilders Start the Year More Pessimistic Than Ever
(DBN)

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