February 15, 2024

The Daily Bankruptcy News

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Law:

Layoffs hit nearly 10% of lawyers and staff at this Silicon Valley law firm
(DBN)

Will More Biglaw Firms Cut Jobs Now That Fenwick Has Opened The Floodgates On Layoffs? Fenwick Layoffs Show Pressure on Firms With `Eggs in One Basket’ Latest Big Law Layoffs Illustrate Inconsistency in Market as Some 'Still Haven't Seen That Bounce Back'
(DBN)

Research Finds Surprise in Women Lawyers’ Deal Work: Progress
(DBN)

Elite Biglaw Firm Celebrates Its Most Successful Financial Year In History
(DBN)

Have Transactional Demand Levels Slowed Lateral Partner Hiring?
(DBN)

Baker Botts Swells in Texas With Big Law Restructuring, Energy Litigation Partners
(DBN)

New York Governor Provokes Ire Of Biglaw
(DBN)

Lawyer denounces calls to rescind GSU award over social media posts
(DBN)

Alston & Bird Kicked Off California Case Over Conflict
(DBN)

Hearing Committee Finds Altered Emails
(DBN)

Swift Justice: Students learn about the law through Taylor Swift cases
(DBN)

Lawyer Saves $450k By Driving The Extra Miles
(DBN)

Lawyer Loses Case Over Mean Tweets
(DBN)

Last US Firms in China Now Face Slow Economy, Local Competitors
(DBN)

NAACP-trained nonlawyers may provide limited advice to tenants facing eviction, top state court says
(DBN)

Prosecutors blame disclosure of attorney-client texts on ‘cavalier legal representation’ by ‘Rust’ armorer’s lawyer
(DBN)

Blockbuster hearings set up Thursday split screen for Trump criminal cases
(DBN)

Only Half of Republicans Would Vote for Donald Trump if Convicted: Poll
(DBN)

Trump sends Valentine’s Day message to Melania centered on his criminal cases Donald Trump Uses Melania Trump Valentine's Day Note to Raise Money
(DBN)

Senior Republicans fear Trump will tap the RNC to cover legal bills again
(DBN)

Republican Michigan elector testifies he never intended to make false public record
(DBN)

Trump Co-Defendant Sends Judge New Argument to Disqualify Fani Willis Meet the ‘badass’ lawyer who could blow up Trump racketeering case over Fani Willis’ sex secrets Bid to remove prosecutors sets up turning point in Trump’s Georgia case Top prosecutors in Trump Georgia case under the microscope at high-stakes hearing Fani Willis Hearing Is 'Ridiculous Double Standard'—Attorney
(DBN)

Special counsel urges Supreme Court to deny Trump's request for delay in immunity case Jack Smith blasts Trump in SCOTUS response for trying to delay criminal trial
(DBN)

Law profs tell SCOTUS Trump immunity arguments have no basis in Constitution or history
(DBN)

Trump’s Trials Are on a Collision Course With November Trump in NY Court Again as Key Decisions in Three Cases Collide
(DBN)

Unprecedented Assignment: Defending Donald Trump in criminal court
(DBN)

Are Trump's Loser Lawyers Part Of A Deep State Conspiracy Or Merely Using His Supporters To Enrich Themselves?
(DBN)

Trump attorneys blame Jack Smith's 'misrepresentations' for delays in Mar-a-Lago case
(DBN)

The Courts Consider Whether Trump’s Pardons Are Forever
(DBN)

Alina Habba Does Not Have 'High Hopes' for Donald Trump Civil Fraud Verdict
(DBN)

Dismiss, delay or stay on track: Trump hush money judge to decide Thursday Donald Trump to Make Melania a Key Part of His Legal Defense
(DBN)

Jeffrey Epstein victims sue FBI, allege coverup
(DBN)

Hur making plans to testify to GOP panel about Biden Republicans Are Lying About a Special Counsel Report, Again
(DBN)

The Year After a Denied Abortion
(DBN)

FBI Arrests Triple Amputee for Breaking Into the Capitol on Jan. 6 One-time NY City Council candidate and anti-vaxxer confronted officers on Jan. 6: Feds Be my indictees: Feds say Valentin brothers threw chairs, fought cops on Jan. 6
(DBN)

Jason Kelce says Travis Kelce had to move since dating Taylor Swift due to ‘safety reasons’
(DBN)

Border Crossings See Biggest Drop Since Biden Took Office Fact Check: Have There Been 900,000+ Border Encounters in 2024? Migrants to Flood Border Out of Fear of Trump: Border Patrol Union Head After border bill failure, ICE considers mass releases to close budget gap TX: Soldiers Say Border Operation Just a "Show" Trump's promised mass deportations would be met with resistance Massachusetts couple volunteers to host migrants, four show up an hour later: ‘We really knew nothing’
(DBN)

Three police officers shot in DC conducting arrest warrant for animal cruelty, suspect barricaded
(DBN)

Kansas City Chiefs Super Bowl parade: One dead and at least 21 injured after shots fired near Union Station Police: 1 dead, 22 wounded in shooting at Union Station after Chiefs parade, 3 in custody Kansas City Chiefs fans tackle parade 'shooter' and hold him down until cops arrive in dramatic video - 'We got the gun!' Trump Vows to 'Fully Uphold' Second Amendment After Kansas City Shooting
(DBN)

Cop resigns after mistaking falling acorn for gunshot, firing at unarmed suspect cuffed in patrol car
(DBN)

Grandpa shot dead while trying to apologize after 'minor fender bender' in Walmart parking lot
(DBN)

3 South Carolina deputies charged with making fake calls about finding dead bodies while on duty
(DBN)

Grandson writes dramatic letter apologizing to grandmother for carjacking her, police say
(DBN)

Shocked mom watches as 9-year-old hands cops more than 100 grams of her drugs
(DBN)

French bulldog owners on edge as violent dognapping incidents rise
(DBN)

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Judges:

BK NV: The Bankruptcy Bugle Newsletter (February 2024)
(DBN)

Most Federal Judges Have Enrolled in Home Protection Program
(DBN)

D.C. Federal Judge Opens Door for Suspended Circuit Judge to Challenge Judicial Conduct Act
(DBN)

ABA asks federal judiciary to drop term ‘court-appointed master,’ citing negative connotations
(DBN)

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

Taking Up The Mantle Of Supreme Court Chatterbox
(DBN)

Girlfriend murdered Texas judge who died of drug overdose: Police
(DBN)

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Wall Street:

US futures rise as investors shrug off inflation and recession fears
(DBN)

Millennials are crushing it as investors
(DBN)

Investor expectations for interest rate cuts keep slipping into the future
(DBN)

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Layoffs:

Cisco Lays Off Thousands
(DBN)

Morgan Stanley to reportedly cut hundreds of jobs in wealth management division
(DBN)

Away lays off 25% of internal staff
(DBN)

Instacart to lay off 250 workers, part ways with 3 execs
(DBN)

As layoffs mount, working from home is getting riskier than ever
(DBN)

______________

Autos:

Why the U.S. auto industry is freaking out about China's electric cars
(DBN)

Some Cybertruck owners say their Teslas are starting to rust in the rain
(DBN)

The Six Months That Short-Circuited the Electric-Vehicle Revolution
(DBN)

____________

Tech:

Nation-state hackers are already using AI chatbots
(DBN)

States are introducing 50 AI-related bills per week
(DBN)

Biden’s new TikTok account flooded with comments about Gaza
(DBN)

Terrorists Are Paying for Check Marks on X, Report Says
(DBN)

Proposed TikTok ban for kids fails in Virginia's Legislature
(DBN)

NYC Mayor Eric Adams sues Facebook, Instagram, others for fueling youth mental health crisis
(DBN)

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Economy:

Corporate greed increasingly seen as ‘major cause’ of inflation: Poll
(DBN)

Household net worth, “excess savings,” and inflation since the pandemic
(DBN)

Neither Trumpism Nor Bidenomics Has an Answer to Inflation
(DBN)

Texas, Florida Cities Have a Big Inflation Problem
(DBN)

Deflation: Here’s where prices fell in January 2024, in one chart
(DBN)

Rethinking the Prospects of a ‘Soft Landing’
(DBN)

Americans feel better on economy. It’s taken a while
(DBN)

Small business sentiment dropped by most in 13 months in January as inflation, labor costs bite
(DBN)

White House cuts gag rule on economic data to 30 minutes
(DBN)

Racial wealth gap widens despite wage progress
(DBN)

Why the marriage rate is falling faster for some
(DBN)

Immigration cuts could dent US economy at crucial time, experts say
(DBN)

LA Port Inbound Traffic Increased Year-over-year in January
(DBN)

Slower job growth ahead for Texas, Dallas Fed says
(DBN)

Ranked: America’s Best Places to Work in 2024
(DBN)

Mapped: GDP Growth Forecasts by Country in 2024
(DBN)

Visualizing Racial Diversity in America’s 10 Largest States
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

WeWork Seeks Fresh Cash With Bankruptcy at ‘Critical Juncture’ A warning for Wework: Taking back your ex is a recipe for heartbreak
(DBN)

Part 2: Current State of the Housing Market; Overview for mid-February 2024
(DBN)

Experts warned of a housing bubble. They were wrong.
(DBN)

Empty office buildings litter U.S. cities. What happens next is up for debate
(DBN)

Big Lots, Express and Children’s Place could spell more trouble for commercial real estate, Barclays says
(DBN)

Race gaps in home values, mapped
(DBN)

____________

Oil/Gas:

Global LNG demand seen rising more than 50% by 2040 -Shell
(DBN)

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Education:

Midwest colleges face headwinds in a challenging time for higher ed
(DBN)

Students and staff retrieve belongings from bankrupt Career College of Northern Nevada
(DBN)

Teammates put peanuts in allergic student’s locker. School district says it wasn’t bullying
(DBN)

Sweeping new LAUSD policy to restrict charter school locations; advocates threaten to sue
(DBN)

Georgia bill would restrict teaching gender in private schools
(DBN)

Florida School Asks Parents If It's Okay For A Black Person's Book To Be Read During Black History Month
(DBN)

St. Louis Park Public Schools to allow opt-outs for families who don’t want their children to read books with LGBTQ+ characters
(DBN)

Judge Dismisses Charges Against Honor Student For Complaining to Principal About Lack of School Counselor
(DBN)

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Healthcare:

Major shift: Health insurers are suddenly coveting sicker patients
(DBN)

Mapped: States with the biggest share of adults with medical debt
(DBN)

'There was a lot of anxiety’: Florida’s immigration crackdown is causing patients to skip care
(DBN)

A prescription for housing?
(DBN)

____________

Politics:

Crypto attorney weighs challenging Warren
(DBN)

U.S. Women Have Become More Liberal; Men Mostly Stable
(DBN)

House's Ukraine showdown escalates with calls to bypass Johnson Senate GOP annoyed by new Speaker’s Ukraine move White House says Johnson is in a ‘dizzying border security tailspin’ House lawmakers to offer their own Ukraine and border bill Trump Pushes Ukraine Aid as a Loan With Funding Bill Deadlocked Lawmakers scramble for Plan B on Ukraine
(DBN)

GOP's old guard on verge of extinction as Trump allies circle Senate
(DBN)

Film dives into threats of Christian nationalism
(DBN)

House Intel chair warns of 'serious national security threat' ahead of planned White House briefing GOP chair urges Biden to declassify intel on "serious national security threat"
(DBN)

House Democrat says Trump setting stage for World War III
(DBN)

‘He is Unhinged!’ Nikki Haley Tells Today That ‘Diminished’ Trump Is Suffering His Own Cognitive Decline
(DBN)

Trump rages at ‘foolish’ GOP candidate who lost race for Santos’s New York House seat Van Jones rips ‘loser’ Trump over GOP loss in race for Santos seat George Santos trolls the Republican representatives who supported his ouster after his vacated seat goes to a Democrat He puts former congressional colleagues in group chat to call them 'f------ idiots' How Democrats flipped the script in House special 5 takeaways from Democrats’ special election victory in New York Haley campaign calls Trump ‘huge weight’ on GOP candidates after Republican’s loss in NY House Republicans have a George Santos hangover after losing his seat Mike Johnson, other Republicans downplay losing seat in New York to Democrat Democrats get jolt of political momentum from Suozzi win
(DBN)

Republican Pollster Issues Warning to GOP: 'Final Wakeup Call'
(DBN)

NATO chief says U.S. needs allies after Trump comments as 18 members meet military spending target Trump reiterates to NATO allies: If you don’t pay up, ‘I'm not going to protect you’ Trump Eyes NATO Makeover, Hurried Peace in Ukraine If Elected Why Donald Trump’s boast that he got ‘delinquent’ NATO allies to ‘pay up’ is misleading
(DBN)

Michigan GOP chair officially ousted after weeks of chaos
(DBN)

Abbott seizes national spotlight amid border tensions
(DBN)

Trump called ‘sick’ and ‘clueless’ over veteran remarks in pro-Haley super PAC ad Haley Money, Ads Flood South Carolina But Fail to Dent Trump
(DBN)

Haley campaign highlights Trump’s ‘love for … brutal dictators’ on Valentine’s Day
(DBN)

Biden’s abortion rhetoric riles progressives for not going far enough
(DBN)

White House faces tough call on releasing special counsel transcript Biden v. Trump: The battle over who’s too old, too forgetful or too confused Frustrated White House sends letter to press corps, skewering coverage of Biden’s handling of classified files
(DBN)

Republicans’ baseless Mayorkas impeachment sets a disturbing precedent Mayorkas impeachment headed toward Senate graveyard
(DBN)

McCarthy Goes Nuclear On Matt Gaetz, Accuses Him of Embellishing Ties to Trump and Lying ‘About Who He Sleeps With’ House panel obtains texts allegedly showing Gaetz setting up 2017 Florida Keys trip with woman his associate paid for sex: Sources McCarthy says Mace needs help ‘to straighten out her life’
(DBN)

The far right is using the Lakewood Church shooting for anti-trans attacks
(DBN)

Most Taylor Swift conspiracy theorists are also election deniers, poll finds
(DBN)

Jon Stewart Draws Liberal Anger for Criticizing Biden: “I’ll Never Forgive You”
(DBN)

____________

Food/Beverage:

Etta’s Five Bankruptcies Have Left a Collective Mess
(DBN)

____________

Gig Economy:

People really don't want to tip their Uber and Lyft drivers
(DBN)

____________

Climate:

Google is making a map of methane leaks for the whole world to see
(DBN)

Atmospheric Rivers Set To Increase in US
(DBN)

____________

Water:

What will Spain look like when it runs out of water? Barcelona is giving us a glimpse
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

LLCs:

Debtor in Bankruptcy Retains Its Membership Interest in a Delaware LLC - Bankruptcy Code Trumps Conflicting Provision of the Delaware LLC Act
(DBN)

____________

Avoidance Actions:

Fifth Circuit Avoidance Actions - Sale of Avoidance Claims
(DBN)

____________

Aviation:

Delta paying $1.4 billion in profit sharing payments to employees
(DBN)

Airbus Targets About 800 Jet Deliveries as Boeing Struggles
(DBN)

Boeing 737 Max Woes Are Putting Suppliers in a Planning Bind
(DBN)

Fight breaks out on Southwest flight headed to Hawaii
(DBN)

A Delta flight had to do U-turn after maggots fell onto a passenger from an overhead bin containing rotten fish
(DBN)

____________

Corporate Governance:

SpaceX Seeks to Move Incorporation to Texas From Delaware
(DBN)

‘Neither a stampede nor a trickle’—Elon Musk’s call for companies to abandon Delaware is probably doomed to failure, and here’s why
(DBN)

____________

Retailing:

Express CEO Seeks to Calm Bankruptcy Worries Following Report
(DBN)

11 digitally native retailers that could file for bankruptcy in 2024
(DBN)

____________

Fraud:

Special needs trust fund company files for bankruptcy, founder accused of taking $100M
(DBN)

How a DNA test kit turned one woman's life upside down
(DBN)

____________

Celebs:

Katie Price 'owes £760,000 of unpaid tax' as bankruptcy hearing looms
(DBN)

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Agribusiness:

Central California is battling a unique, 'growing' crime problem
(DBN)

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Radio:

George Soros firm will reportedly become largest shareholder of Audacy, owner of WEEI and other Boston radio stations
(DBN)

Appeals Court Hands Royce Owner Ed Stolz Another Loss As Bankruptcy Sale Moves Forward.
(DBN)

____________

Crypto:

Genesis authorized to sell $1.6b Bitcoin and Ethereum shares
(DBN)

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Golf:

After Shutting Down, These Golf Courses Went Wild
(DBN)

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UK:

One in five councils at risk of ‘bankruptcy’ – what happens after local authorities run out of money Jon Collins: Former Nottingham City Council leader 'takes responsibility' for failed Robin Hood Energy
(DBN)

Can accountants stop the insolvency rot?
(DBN)

UK fell into recession at the end of 2023 as output shrank more than expected in the fourth quarter UK Fell Into Technical Recession in Second Half of Last Year
(DBN)

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EU:

European banks and their $1.5 trillion commercial property headache
(DBN)

ECB’s Lagarde Sees Wages Gain Importance as Inflation Driver
(DBN)

EU Commission cuts 2024 euro zone growth forecast, sees smaller inflation Euro-Area Economy Is Losing Momentum, EU Says, Slashing Outlook
(DBN)

____________

Canada:

Laurentian expected to approve post-insolvency roadmap this week
(DBN)

January home sales see largest gain since 2021: CREA
(DBN)

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MENA:

Bibi declines to send Israeli delegation to Egypt for more hostage talks
(DBN)

US Navy aircraft carrier going head-to-head with the Houthis has its planes in the air 'constantly,' strike group commander says
(DBN)

Hundreds Flee Southern Gaza Hospital After Israel Orders Evacuation Israeli special forces enter largest remaining functioning hospital in Gaza Palestinian surgeon says Israeli snipers killed civilians as they tried to flee besieged hospital in Gaza 'Where do we go?': Desperation grows in Rafah as Israeli ground assault looms I'm a Doctor in Gaza. My Clinic Has No Sink Key US Allies Warn Israel Against Planned Offensive in Rafah Israel Pulls Out of Peace Talks Over ‘Delusional’ Hamas Demands Biden holds back action on Israel despite dire Gaza warnings
(DBN)

UAE restricts US ability to launch retaliatory airstrikes against Iran proxies
(DBN)

Iran Tests Ballistic Missiles in Preparation for Strike on Israel
(DBN)

Iran declares Antarctica its property in direct challenge to Biden, global treaty
(DBN)

____________

China:

Does Evergrande’s Collapse Threaten China’s Economy?
(DBN)

China's crashing birthrate will leave millions of teachers jobless in the coming years
(DBN)

China Set To Lose 60 Percent of Population by Century's End
(DBN)

Some Chinese youth spurn corporate jobs for 'me time' as economy slows
(DBN)

____________

Russia:

Russia turns Sweden’s Home Guard into a recruitment triumph
(DBN)

Russia's military alliances are giving it a major edge — just as Ukraine's are faltering
(DBN)

Russia has lost more tanks than it had before the Ukraine war, says think tank
(DBN)

Russia can sustain war effort ‘for another two or three years,’ say analysts
(DBN)

Russia Hides Its War Toll. We Pieced Together the Clues.
(DBN)

The GOP could be about to cost Ukraine the war
(DBN)

Russia warns the West: we will be very tough if you 'steal' our assets Ukraine says frozen Russian assets should be used to rebuild war-hit economy
(DBN)

GOP warning of 'national security threat' is about Russia wanting nuclear weapon in space: Sources
(DBN)

Putin Says ‘Predictable’ Biden Better for Russia Than Trump Trump calls Putin's comment that he prefers Biden over Trump a 'great compliment'
(DBN)

Putin trolls 'soft' Tucker Carlson
(DBN)

Swiss Prosecutors Have Begun Probes into Russia Sanctions
(DBN)

____________

Japan:

Japan's economy unexpectedly slips into recession, hurt by weak domestic demand Japan Loses Its Spot as World's Third-Largest Economy as It Slips Into Recession
(DBN)

____________

Ireland:

Insolvency rates not at crisis point, TDs and Senators hear
(DBN)

____________

France:

France to Lower Its Growth Forecast as EU Outlook Worsens
(DBN)

____________

India:

Expert panel suggests voluntary mediation mechanism under insolvency law
(DBN)


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