February 23, 2024

The Daily Bankruptcy News

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Law:

Firm Submits Fee Request Based On ChatGPT Search... Judge Is Less Than Impressed Lawyers Use ChatGPT to Add Up Fees, Judge Faults Their Math
(DBN)

Will OCI Disappear At Law Schools Thanks To Biglaw's 'Precruiting'?
(DBN)

Cheer Up! AI Can’t Do Everything …Yet.
(DBN)

Seyfarth Continues Corporate Expansion with Addition of Restructuring and Bankruptcy Partner in New York
(DBN)

Ranking The Top Deal Lawyers In America
(DBN)

Big Law Associates Don’t Have It Easy Despite Raises, Lower Hours
(DBN)

Penn Decided 'Inviting White Nationalists To Campus' Only Earned Amy Wax A Pay Cut... She Appealed Anyway
(DBN)

Lawyer’s ‘intimidating and degrading conduct’ was ‘a business model of sorts, based on fear,’ state supreme court says
(DBN)

Contracts imposing $50K in liquidated damages for lawyer departures lead to suspension recommendation
(DBN)

CFOs, GCs not always in sync over litigation
(DBN)

How generative AI could alter the staffing mix in legal departments
(DBN)

Above the Line Network launches for lawyers who work with middle-class clients
(DBN)

Law Students Don't Think Ethics Professor Did The Right Thing After Bumbling Grading For 80% Of Class
(DBN)

An Admirable Law Firm Where Diversity And Inclusion Is Celebrated For Bringing Out The Best In Its Lawyers
(DBN)

Turns Out A Penchant For Revenge Is Not Something You Want In A Lawyer
(DBN)

Fashion designer debuts eye-popping collection inspired by female lawyers
(DBN)

Legal 500 bosses bemoaned staff ‘banging on about their mental health’
(DBN)

Firm calls police on protestors branded ‘Palestine idiots’
(DBN)

Norton Rose Fulbright raises NQ pay to £120,000, with chance of £168k
(DBN)

Gibson Dunn leads London NQ lawyer pay table with improved £180k salary
(DBN)

Letitia James tells judge there isn't 'any basis' for Trump to delay paying massive fine Judge overseeing Trump civil fraud case quickly shuts down defense effort to delay New York judge won’t delay enforcement of $355M penalties in Trump fraud case Expert 'shocked' that 'angry' Trump lawyers just demanded 30-day stay of fraud judgment Trump lawyer Alina Habba brushes off NY AG threat to seize assets: ‘It will not be successful’ Donald Trump Will Owe $1 Million in Interest on Fine Within Days
(DBN)

Trump moves to dismiss his classified documents indictment, citing presidential immunity Trump files several motions to dismiss his classified documents case
(DBN)

Jan. 6 rioter who assaulted police calls for 'accountability' for 2020 election lies Father who came to Capitol on Jan. 6 with wife, 14-year-old son found guilty
(DBN)

Clark Fights DC Bar Sanctions With Possible Trump Role at Stake
(DBN)

Rudy Giuliani bankruptcy shows Trump ally drowning in debt
(DBN)

Holding Trump Accountable: Shawn Crowley
(DBN)

Lara Trump suggests GOP voters would support the RNC paying Trump’s legal bills
(DBN)

Trump Georgia prosecutor objects to questioning of ex-attorney in Fani Willis probe Key testimony could shape judge’s decision in Fani Willis removal fight
(DBN)

‘I have $10K to my name’: Mike Lindell bellyaches after he’s hit with $5M judgment MyPillow founder must pay man $5M in ‘Prove Mike Wrong’ challenge, judge says
(DBN)

Days after Alabama’s Supreme Court ruling that frozen embryos are children, a second clinic pauses IVF treatment Three Alabama providers halt IVF after high court rules embryos are children These Alabama Clinics Are Still Doing IVF. Others Have Stopped. ‘Patients are worried’: What an unprecedented Alabama Supreme Court ruling means for this family Tuberville acknowledges ‘hard’ situation for women after Alabama IVF ruling ‘With all due respect … what?’: CNN anchor reacts to Tuberville’s comments on embryo ruling Biden rips ‘outrageous and unacceptable’ Alabama IVF decision Republicans struggle to respond to Alabama embryo ruling Alabama's IVF ruling puts Republicans in a political bind Alabama justice who ruled embryos are people says American law should be rooted in the Bible Woman suing Texas over its abortion ban plans to move her embryos out of state
(DBN)

Dani Alves, one of soccer’s most decorated players, sentenced to four-and-a-half years for sexual assault
(DBN)

From policy disputes to legal wrangling: The changing argument over border security Texas governor building 2,300-bed military base at seized border park Speaker Johnson: Possible Biden actions on border amount to ‘election year gimmicks’ Venezuela Halts Flights of Deported Migrants From U.S. and Mexico State picks up travel tab for migrants who want to leave Chicago
(DBN)

Man arrested for making ‘violent threat’ to Arizona election official in 2022
(DBN)

Louisiana lawmakers advance bill allowing concealed carry without permit Judge blocks California law targeting suppliers of 'abnormally dangerous' firearms
(DBN)

Ketanji Brown Jackson's Double Jeopardy Opinion Protects The Authority Of Jury Decisions
(DBN)

‘Basketball Wives’ star in custody of US Marshals after ‘miscommunication,’ failure to surrender
(DBN)

'Rust' armorer called 'sloppy,' defense says she's a scapegoat
(DBN)

Mom files $2M lawsuit against cops who arrested her son, 10, for urinating in public
(DBN)

Accused white supremacist sent back to jail after judge dismisses riot charges, frees him
(DBN)

Apple Watch knew when woman's heart rate intensified, stopped after strangulation: Sheriff
(DBN)

Woman killed NYPD officer in hit-and-run hours after recording podcast disparaging cops
(DBN)

Mom who left toddler alone in playpen for days while she went on vacation pleads guilty to aggravated murder
(DBN)

Leaving kids home alone wasn’t endangerment, state supreme court says; ‘no parent can shield a child from all risks’
(DBN)

How Sam Waterston was written off ‘Law & Order’ after 30 years: 'It's been a helluva ride'
(DBN)

Cybercrime Expected To Skyrocket in Coming Years
(DBN)

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Judges:

Special Masters Are Needed In Bankruptcy, Part 1: Use Of Special Masters In Federal District Courts Under Rule 53
(DBN)

Judge Clerkship Database to Launch With Hundreds of Testimonials
(DBN)

Judge criticizes US Supreme Court's reliance on historical 'tradition'
(DBN)

Greene says Judge Engoron ‘should be disrobed’
(DBN)

Bush-Appointed Federal Judge Questions Trump's Manhood, Says He'll Never Admit Defeat
(DBN)

Biden nominates Chicago judge to be first Hispanic judge on 7th Circuit
(DBN)

Supreme Court’s internet inexpertise will be put to the test in social media content cases
(DBN)

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Wall Street:

 

Global stock records, bond yields rise
(DBN)

The markets are on fire — but Larry Summers says investors may not be fully pricing in political and social risks
(DBN)

Bank CEOs Enjoy Pay Hikes in Meager Bonus Year for Rank-and-File
(DBN)

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Layoffs:

Layoffs are a nightmare for employees, but Wall Street loves them
(DBN)

Vice Media Shutting Down: Vice Media Shutting Down? Publishing Halt, Hundreds of Layoffs Reported After Bankruptcy Status
(DBN)

Prudential Financial to let go of 145 employees
(DBN)

Credit card firm Discover to cut 108 jobs in Chicago area
(DBN)

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Fraud:

Trump clemency recipient Philip Esformes pleads guilty in Medicare fraud case
(DBN)

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Telecoms:

911 Outage Nationwide as Emergency System Crashes For Millions
(DBN)

AT&T cellular outage in United States disrupts vital services Cell outage across the US: AT&T is 'working urgently to restore service' as more than 70,000 customers are hit by nationwide communications blackout - but mobile providers are refusing to reveal cause Cellphone outage hits AT&T customers nationwide; Verizon and T-Mobile users also affected
(DBN)

Feds investigating nationwide AT&T outage AT&T outage caused by software update, company says
(DBN)

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Environmental:

‘We’re never going to get them back’: More than 56K barrels of radioactive waste dumped off U.S. coast, LAT reports
(DBN)

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Labor:

Teamsters report first major GOP donation in years, surprising Republicans
(DBN)

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Tech:

New report: 60% of OpenAI model's responses contain plagiarism
(DBN)

GM's Cruise to resume robotaxi tests on city roads in coming weeks
(DBN)

Truck rule is first test drive of federal autonomous vehicle oversight
(DBN)

First AI-Related Securities Suit Filed
(DBN)

Jensen Huang, the CEO of Nvidia, is on the cusp of becoming one of the richest 20 people in the world
(DBN)

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Economy:

Weekly Initial Unemployment Claims Decrease to 201,000
(DBN)

Small business confidence hits highest level since Biden took office
(DBN)

Americans Offer Anemic State of the Nation Report
(DBN)

Will the Economy Favor Biden or Trump? Paul Krugman Weighs In.
(DBN)

Goldman Pushes Back Bet on First Fed Interest-Rate Cut to June
(DBN)

Fed’s Waller Urges Patience on Rate Cuts After Jump in Prices
(DBN)

Why the U.S. economy looked better than global peers in February
(DBN)

Nearly 25% of Americans are putting less money toward paying down credit card debt
(DBN)

Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief
(DBN)

Most UK firms stick with a four-day working week after taking part in world’s biggest trial
(DBN)

Freedom Caucus pushes Speaker Johnson for full-year CR in absence of policy concessions Shutdown Watch: Congress Creeps Toward a ‘Preventable Disaster’ GOP shutdown fears grow: ‘We could be in a world of hurt’
(DBN)

Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
(DBN)

Only the Dumb Firms Monitor Badge Swipes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage rates rise to 6.9% in third-straight increase
(DBN)

Existing home sales rose 3% to start the year, but higher mortgage rates are already hurting
(DBN)

U.S. Homeownership Grows More Diverse
(DBN)

Why the housing market is cooling off
(DBN)

Millennials have been priced out of buying homes, and are venting that they can't afford rent either
(DBN)

Realtor.com Reports Active Inventory UP 15.7% YoY; New Listings up 10.9% YoY
(DBN)

NAR: Existing-Home Sales Increased to 4.00 million SAAR in January; Median Prices Down 8.4% from Peak NSA
(DBN)

Allegations Of Fraud Surround Sprout Mortgage Bankruptcy
(DBN)

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Municipalities:

Most Financially Distressed Cities: Chicago, Houston, New York Top Concerning List
(DBN)

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Oil/Gas:

Natural Gas Price Drop Could Spell Doom for Producers
(DBN)

Oil Steadies as Investors Weigh Tight Market and Soft Demand
(DBN)

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Politics:

‘We Didn’t Get All The Way There On Jan 6’: Trump Booster Pledges to End Democracy in CPAC Rant as Bannon Cheers On
(DBN)

January 6 Pinball, ‘Woke Tears’ Water Bottles, Trump Dresses Trotted Out at Wild CPAC ‘What An Embarrassment’: Left and Right Skewer CPAC For Low Attendance At MAGA Dominated Event New Matt Schlapp Subpoenas Target Document-Shredding at CPAC
(DBN)

2024 Election Map Forecasts Trump to Score Biggest GOP Win in Decades
(DBN)

Fight or flight: Fearful Trump critics weigh the risk of retribution if he's re-elected
(DBN)

Discharge Petition Against Mike Johnson Moves Closer: 'Votes Are There'
(DBN)

GOP lawmaker says Republicans were warned about FBI informant’s credibility Indicted FBI informant central to GOP Biden probe rearrested Fox News hyped the bogus FBI informant claims against Biden. Now it’s refusing to walk them back Comer says indicted FBI informant ‘wasn’t an important part of this investigation’ Interviews with 'lying' FBI informant erased from Republican's Biden impeachment website Fox News co-host ‘surprised’ by GOP’s ‘threshold for humiliation’ in Biden probe
(DBN)

Russia-linked smear campaign against Hunter Biden began earlier than previously thought
(DBN)

Alabama IVF ruling could cause political chaos for Republicans
(DBN)

Gallego leads Lake, Sinema in Arizona Senate race: Poll
(DBN)

'I don't see any smoking guns': Alan Dershowitz slams GOP's 'tit-for-tat' impeachment
(DBN)

‘Where the hell does this come from?’: Biden goes after Trump over Russia, Navalny comments
(DBN)

DeSantis says he wouldn’t serve as Trump’s VP
(DBN)

Could South Carolina Change Everything? South Carolina to Haley: Thanks for Everything, But We Prefer Trump How Did Haley’s South Carolina Become Trump Country? Ask the Tea Party.
(DBN)

Fox host claims Black voters will back Trump because they 'love sneakers'
(DBN)

GOP governor skewers Republicans who attack electric cars — then charge their golf carts
(DBN)

How everything became a ‘psyop’ for conservative media
(DBN)

Are Democrats ignoring the next Obama to save Biden’s struggling campaign?
(DBN)

Inside the Christian Nationalist Church Where Proud Boys Go to be Baptized
(DBN)

Moms for Liberty co-founder faces backlash amid sex scandal
(DBN)

Texas Newspaper Turns on Greg Abbott: 'Spewing Lies'
(DBN)

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Food/Beverage:

Dining out is about to look a whole lot different
(DBN)

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Media:

Vice Is Basically Dead
(DBN)

CBS faces uproar after seizing investigative journalist’s files
(DBN)

____________

Insurance:

Court junks "unfounded request" against Vesttoo founders
(DBN)

Vesttoo case: Constructive trust & cell issues persist, as JPL’s object to settlements
(DBN)

____________

Student Debt:

After student loan forgiveness, the Education Dept. is sending some borrowers refunds. What to know
(DBN)

Does Biden's student loans plan have a chance?
(DBN)

Biden's student loan forgiveness talks are nearing an end. Here are a few takeaways.
(DBN)

Navient distanced itself from a controversial student-loan portfolio. Meanwhile, borrowers can’t escape.
(DBN)

Student Loan Borrowers in Texas Get Biggest Share of Biden’s $1.2 Billion Forgiveness Plan
(DBN)

____________

Education:

Half of College Grads Working Jobs That Don't Use Their Degrees - WSJ
(DBN)

SAT resurgence: Yale is latest elite college to drop test-optional policy
(DBN)

Texas judge rules school district can restrict the length of male students’ natural hair Texas judge says Black teenager’s suspension over dreadlocks doesn’t violate CROWN Act
(DBN)

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Radio:

Judge Rejects Attempt To Set Aside Results Of Rocking M Bankruptcy Auction.
(DBN)

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Retailing:

Pharmacies nationwide report outages in wake of cyberattacks Pharmacies across America are having trouble processing some prescriptions because of a cyberattack UnitedHealth Blamed ‘Nation-State’ Threat in Hack That Disrupted Pharmacy Orders
(DBN)

A woman found her dream Prada shoes at Goodwill. She realized they were counterfeits after buying them for $300.
(DBN)

____________

Fitness:

BowFlex, Vancouver fitness company, says it’s facing bankruptcy
(DBN)

____________

Maritime:

Hornblower’s SOS call: Sunk by the pandemic, Alcatraz cruise operator files for bankruptcy
(DBN)

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Utilities:

$1B a year in funding needed to avoid blackouts in New England, grid operator warns
(DBN)

____________

Agribusiness:

One of CA’s ‘Largest Almond Growers’ Goes Bankrupt. It Owes Millions to Local Companies.
(DBN)

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Transit:

Where Cyclists Are Going Places
(DBN)

____________

Food/Beverage:

California's $20 minimum wage for fast-food workers could make burgers and chicken so expensive that people just buy more groceries instead
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

BK ED LA: Updated Bankruptcy Filing Statistics
(DBN)

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Mass Torts:

Court declines to put hold on Boy Scouts bankruptcy plan US Supreme Court lets $2.46 billion Boy Scouts sex abuse settlement proceed Supreme Court declines to halt Boy Scouts of America bankruptcy settlement for the moment
(DBN)

CRC Reports on Purdue Pharma in AIRA Journal
(DBN)

Georgia-Pacific unit's "two-step" bankruptcy survives dismissal, again
(DBN)

A Catholic priest accused of misconduct was suspended in Texas. Why did New Orleans let him preach?
(DBN)

'Very unusual' breach reported in Archdiocese of New Orleans bankruptcy case
(DBN)

To collect $1.5B from Alex Jones, Sandy Hook families vote to liquidate assets
(DBN)

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Subchapter V:

Section 523(a) Exceptions to Discharge Do Not Apply to Subchapter V Corporate Debtors
(DBN)

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Mediation:

Mediation in Bankruptcy: A Glimpse
(DBN)

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SCOTUS:

What It Takes To Argue Before The Supreme Court
(DBN)

While eyes are on Trump, Supreme Court conservatives prepare to rewrite the rulebook
(DBN)

Justice Alito’s delusions of persecution
(DBN)

Supreme Court faces continued strong disapproval, poll shows
(DBN)

____________

Aviation:

Canada’s Lynx Air To Cease Operations, Blames Rising Costs Lynx Air halting operations Monday after seeking creditor protection Low-Cost Lynx to Halt Flights, Enters Creditor Protection
(DBN)

Go First: Bids to open on February 23 as lenders look for suitors for grounded airline
(DBN)

First US craft lands on moon in over 50 years
(DBN)

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Trucking:

Texas factoring company files for bankruptcy liquidation
(DBN)

____________

Crypto:

Who’s Your Debtor? Group Insolvency and the Curious Case of Celsius
(DBN)

FTX Estate Can Sell Near 8% Stake in AI StartUp Anthropic, Court Rules
(DBN)

Court-appointed insolvency firm takes over HectorDAO after $2.7M hack
(DBN)

Barry Silbert’s DCG objects “additional payouts” to Genesis creditors
(DBN)

The U.S. Finally Started to Crack Down on Crypto Emissions in 2023
(DBN)

____________

Autos:

Elon Musk Predicts Potential Bankruptcy For Tesla Rivals Rivian And Lucid Elon Musk says Rivian needs to ‘cut costs massively’ and its execs should ‘live in the factory’ or the Tesla rival will die
(DBN)

Volvo Car to Slash Polestar Stake as EV Shift Stumbles
(DBN)

Who Owns the Most Vehicles per Capita, by Country?
(DBN)

____________

Healthcare:

Petersen Health Care has no plans to go out of business, despite all-too familiar challenges: rep
(DBN)

Florida surgeon general defies science amid measles outbreak
(DBN)

US to Prioritize Private Equity’s Role in Healthcare Fraud Justice Department Targets Private Equity's Role in Healthcare Fraud
(DBN)

____________

Sovereigns:

US, China in talks on new debt relief options to avoid wave of emerging-market defaults
(DBN)

Ghana: Government eyes concluding commercial creditors’ negotiations to unlock additional funds
(DBN)

____________

UK:

Cash-strapped authority plans 8.5% council tax rise City's council tax bills to rise by maximum level
(DBN)

'Greedy' judge and lawyers convicted in legal aid costs scam
(DBN)

Massive Channel 4 reality show star could face bankruptcy over tax bill after one business went bust owing £1.2m
(DBN)

____________

EU:

Europe’s benchmark Stoxx 600 index closes at all-time high
(DBN)

ECB Must Avoid Temptation to Lower Rates Earlier, Nagel Says
(DBN)

ECB Unlikely to Cut Interest Rates Before Fed, Holzmann Says
(DBN)

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Russia:

Alexey Navalny’s mother says she has seen her son’s body Navalny’s mother accuses Russia of ‘blackmailing’ her to agree to secret burial
(DBN)

Putin looms over a third successive US election
(DBN)

Ukraine weighs unpopular plan to expand draft
(DBN)

For Many Ukrainians, It’s Been a 10-Year War, Not a 2-Year One
(DBN)

Zelensky on Tucker Carlson interview with Putin: ‘two hours of bulls—’
(DBN)

Russia has broken the stalemate in Ukraine: Former US Defense secretary
(DBN)

Biden vows sanctions Friday against Putin Biden administration will impose sanctions on more than 500 targets in response to Navalny death US to impose 'crushing' sanctions on Russia 2 years after Ukraine invasion, officials say
(DBN)

Schumer leads Democratic delegation to Ukraine amid standoff over military aid
(DBN)

Two Years of War in Ukraine Has Changed the Way Militaries Think Ukraine's war has shown the US its expensive missiles aren't as effective as it thought: report
(DBN)

____________

MENA:

New UAE Bankruptcy Law – Key Features You Need to Know
(DBN)

U.S. urges Israel to send officials for Paris hostage talks, says progress made Bibi agrees to send Israeli negotiators for hostage talks after U.S. pressure
(DBN)

Israeli ground offensive in Rafah ‘aimed at making Gaza uninhabitable’
(DBN)

US intelligence casts doubt on Israeli claims of UNRWA-Hamas links, report says
(DBN)

Claims of Israeli sexual assault of Palestinian women are credible, UN panel says
(DBN)

US charges 4 foreign nationals with shipping Iranian-made weapons to Houthis
(DBN)

Map Shows Countries in Support of Palestinian State
(DBN)

____________

Argentina:

Argentine austerity anger mounts, but govt says its working
(DBN)

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Venezuela:

Venezuela's crackdown on NGOs makes for "grim 2024 outlook"
(DBN)

Venezuela Calls in Oil Debt It Once Traded Away for Literal Beans
(DBN)

____________

China:

Creditors Set to Sue State Shareholder of Chinese Developer
(DBN)

China Recovery Bets Grow on Beijing’s Moves to Stem Stock Rout
(DBN)

Flurry of China Rating Withdrawals by Moody’s Flags Defaults
(DBN)

____________

South Korea:

Builder Taeyoung’s Creditors Pledge Up to $300 Million in Funds
(DBN)

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Hong Kong:

Hong Kong headhunters talk of despair, money woes among bankers
(DBN)

HK Legal Battle Underscores Risks of Private Loans to Developers
(DBN)

____________

Germany:

German Landlord Branicks Puts Sales Signs Up as Debt Deadline Looms
(DBN)

Gloom settles in over Germany's economy as businesses remain downbeat about coming months
(DBN)

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