February 27, 2024

The Daily Bankruptcy News

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Law:

What Can Biglaw Expect Its Financial Situation To Look Like In 2024?
(DBN)

As ABA gathers more information on JD-Next, law schools still have to obtain variances to use test
(DBN)

The Best Online Law School Programs (2024)
(DBN)

Is Kim Kardashian Giving Up On Her Dream Of Becoming A Lawyer?
(DBN)

Jack Smith says Biden classified docs case is "starkly different" from Trump's
(DBN)

76 percent of voters want special counsel report on Biden released: Poll
(DBN)

Trump appeals $364 million decision in N.Y. civil fraud case
(DBN)

Trump’s $540 Million Court Fine Tests His ‘King of Debt’ Title
(DBN)

Trump Media’s Impending Merger May Give Him a Financial Lifeline
(DBN)

Key figure in fake electors plot concealed damning posts on secret Twitter account from investigators
(DBN)

Trump Says He's Too Rich To Post Bond In Carroll Defamation Case
(DBN)

Trump Jr. Receives Death Threats, White Power
(DBN)

Manhattan DA requests gag order on Trump in hush-money case Trump seeks to block Stormy Daniels, Michael Cohen from testifying at NY hush money trial Manhattan DA Moves To Gag Trump Citing ... Oh, Literally EVERYTHING On Truth Social
(DBN)

Tish James Is Absolutely Keeping Score
(DBN)

"A doomsday scenario": Former DOJ prosecutor warns Trump could profit from classified docs trial
(DBN)

Trump fires back over claim Willis cellphone records obtained illegally
(DBN)

Ex-FBI informant charged with false intel about the Bidens ordered detained Ex-FBI informant will remain in jail while awaiting trial on charges of lying to FBI about Bidens
(DBN)

Brother gets stiff sentence for being his mother's 'enforcer' in killing his brother
(DBN)

Lawsuit: Doctor died after eating at Walt Disney World resort restaurant; staff had confirmed food was allergen-free
(DBN)

Missouri law that bars pregnant woman from getting divorced on chopping block
(DBN)

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Judges:

BK ND OH: Term Law Clerk to United States Bankruptcy Judge Tiiara N.A. Patton (Two Positions Available)
(DBN)

New website will let law clerks judge their judges Leader Of Legal Accountability Project To Launch Database That Lets Clerks Rate Judges
(DBN)

Supreme Court's Thomas hires clerk accused of racist conduct Justice Thomas hires clerk accused of sending racist text; was she set up by rogue employee? Clarence Thomas's New Clerk Is Famous For Saying 'I HATE BLACK PEOPLE'
(DBN)

Judge Knows A Lot About Murder... A Murder Trial That Is
(DBN)

'Family Feud' murder trial judge out of a job for 'bad faith' reversal of rape conviction
(DBN)

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Wall Street:

S&P 500 futures are little changed after index slips from record
(DBN)

Amazon joins the Dow, giving the 127-year-old index a needed upgrade as it trails the S&P 500
(DBN)

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Layoffs:

Why tech companies are laying off thousands of workers
(DBN)

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Politics:

House speaker faces a defining dilemma
(DBN)

Biden and Trump unveil dueling border visits How Biden's border trip came together
(DBN)

Biden is barely beating Trump among young voters
(DBN)

Biden’s Stance on Israel-Hamas War Sows Reelection Risks
(DBN)

Trump holds 6-point lead over Biden despite legal woes: Poll
(DBN)

The MAGA enemies list is growing, and so are the odds that you’re on it
(DBN)

Rep. Perry says House GOP should cancel Biden’s SOTU address
(DBN)

Joe Biden's Great-Great-Grandfather Knifed A Guy During The Civil War, So... IMPEACH!!! By Jonathan Turley
(DBN)

Ex-Trump officials plot out sweeping abortion restrictions for return to office
(DBN)

Trump says he ‘wouldn’t protect’ Prince Harry if he’s reelected
(DBN)

Nikki Haley claims 'technically' Trump 'can't' win election with divided Republicans
(DBN)

Ken Buck unveils resolution calling on Cabinet to remove Biden under 25th Amendment
(DBN)

RNC chair Ronna McDaniel stepping aside for Trump loyalists
(DBN)

'Chaotic' US Congress faces whirlwind of shutdown, impeachment, border fights
(DBN)

Trump falsely claims Beverly Hills restricts residents’ tooth-brushing
(DBN)

Texas governor responds to LGBTQ human rights criticisms: ‘The UN can go pound sand’
(DBN)

This ballot measure would restore Roe. Abortion rights groups are attacking it.
(DBN)

Biden's late-night talk show appearance draws pro-Palestinian protest
(DBN)

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Crypto:

For Sullivan & Cromwell, Pre-Petition FTX Work Bites Back
(DBN)

Genesis Faces Unlikely Bankruptcy Foe: Its Own Parent Company
(DBN)

Court approves SEC settlement with Genesis, paving way for $21M agreement
(DBN)

Bankrupt FTX and Alameda move over $8 million in assets amid market surge
(DBN)

Genesis lawyer pushes back against DCG getting ‘a cut’ of customer recoveries
(DBN)

Grayscale’s Bitcoin ETF Exodus Reaches $7.4 Billion in First 30 Trading Days
(DBN)

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Maritime:

The Cross Bay Ferry continues operations during a bankruptcy filing
(DBN)

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Movie Theaters:

AMC’s Meme-Stock Era Is Long Gone as Box Office Sags, Debt Looms
(DBN)

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Theatres:

North Carolina Theatre files for bankruptcy, suspends rest of 2024 season
(DBN)

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Economy:

Economists see much stronger 2024 growth: NABE survey
(DBN)

Dimon is ‘cautious about everything’ as he sees risks to soft landing
(DBN)

World Economy Has Growing Shot at Soft Landing, G-20 Draft Says
(DBN)

Yellen Credits Bidenomics-Fueled US for Brighter Global Outlook
(DBN)

Fed Rate Cuts Are Likely to Be Slow — But Not Necessarily Steady
(DBN)

Bank CEO shrugs off U.S. war on ‘woke’ capital, says ESG investing is good for business
(DBN)

Biden Targets a New Economic Villain: Shrinkflation
(DBN)

Kellogg’s CEO: Let them eat Corn Flakes for dinner
(DBN)

The hard questions raised by the ZIRP era
(DBN)

Gen Z is living with their parents to save money. But it's going to cost them, big time.
(DBN)

Lawmakers race to avoid looming shutdown as blame game begins A shutdown is approaching. Biden and Johnson's lack of relationship isn't helping 4 days until a shutdown and no clear path to avoid it
(DBN)

Older Americans are working longer. Some want to; others have to.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New Home Sales at 661,000 Annual Rate in January; Median New Home Price is Down 15% from the Peak
(DBN)

Housing February 26th Weekly Update: Inventory Up 0.7% Week-over-week, Up 15.6% Year-over-year
(DBN)

WeWork Reworks Some Leases as Deadline Looms for Real Estate Plan
(DBN)

Final Look at Local Housing Markets in January
(DBN)

Aspiring homeowners say they face major obstacles to buying
(DBN)

A landlord's 2-year, $80,000 effort to evict a non-paying tenant
(DBN)

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Municipalities:

Puerto Rico fiscal board members were evaluated without defined criteria, before Promesa was signed
(DBN)

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Retailing:

Macy’s to Close 150 Namesake Stores, Grow Luxury Brands
(DBN)

FTC sues to block Kroger-Albertsons grocery store merger
(DBN)

Family Dollar Stores to pay $41.67 million in rodent-infested warehouse settlement
(DBN)

Lowe’s Sales Suffer as Home Improvement Slowdown Persists
(DBN)

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Fraud:

Personal pilot for billionaire Joe Lewis pleads guilty to insider trading scheme
(DBN)

NRA general counsel violated statutory duties but caused no monetary harm, jurors find; LaPierre liable for $5.4M
(DBN)

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Climate:

Over 100 record highs likely this week as temperatures soar to summer-like levels
(DBN)

Why Politicians Are Stoking a Climate Backlash That Threatens Green Goals
(DBN)

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Tech:

Bankers Will See Three-Quarters of the Workday Transformed by AI
(DBN)

Men of substance (abuse): how tech moguls drug their way through the day
(DBN)

Every parent's AI nightmare: middle schoolers create deepfake nudes of classmates
(DBN)

Westfield teen victimized by AI-generated nude images hires Hulk Hogan's sex tape lawyer
(DBN)

Abu Dhabi’s Largest Firm Adds AI-Powered Observer to Board
(DBN)

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Agribusiness:

Former Express Grain CEO pleads guilty
(DBN)

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Logistics:

Another key shipping firm files Chapter 7 bankruptcy liquidation
(DBN)

California freight forwarder files for bankruptcy
(DBN)

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Woof Pellets:

Amid financial uncertainty, wood pellet maker faces deadline that could determine its future
(DBN)

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Ride Hailing:

GM's Cruise Wants to Relaunch in Dallas, Houston
(DBN)

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Food/Beverage:

Wendy's Wants to Start Surge Pricing in 2025
(DBN)

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Sports:

Court Approves Portion Of Diamond Restructuring Agreement Diamond Wins $450M in Debt Financing in ‘Really Good Day’
(DBN)

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Utilities:

U.S. government may sue PacifiCorp for nearly $1B in wildfire costs
(DBN)

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SPACs:

SPACs Poised to Turn a Corner in 2024: Annual Risk Update
(DBN)

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Pipelines:

CorEnergy Infrastructure to Reorganize in Pre-packaged Bankruptcy
(DBN)

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Auto Racing:

Project 1 Motorsport Files for Bankruptcy
(DBN)

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Fashion:

This fabric recycling company was going to change fashion. Why did it suddenly go bankrupt?
(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 (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Limitations:

Bankruptcy Court Holds that Bankruptcy Rule 9006(b) Permits Bankruptcy Courts to Extend Statutes of Limitations
(DBN)

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Safe Harbors:

Mallinckrodt Trust Asserts Novel Argument in Response to Safe Harbor Defense
(DBN)

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Mass Torts:

Creditors to Decide Financial Future of NY Diocese Filing for Bankruptcy
(DBN)

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Venue:

Test case looms for companies seeking US bankruptcy protection
(DBN)

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SCOTUS:

Supreme Court hears Florida, Texas social media cases Supreme Court justices express free speech concerns about GOP-backed social media laws Supreme Court grapples with Texas, Florida social media laws The Supreme Court appeared lost in a massive case about free speech online Justices hint Florida and Texas social media laws may be unconstitutional
(DBN)

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Aviation:

Why do so many discount airlines fold? Lynx Air is latest in a line of failures
(DBN)

SAirGroup's bankruptcy proceedings are nearing completion
(DBN)

‘I’m Not Trying to Cause a Scene. I Just Want to Get Off This Plane.’
(DBN)

The Myth of Your Phone's Airplane Mode
(DBN)

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Education:

Fears of witch hunts over Utah ban on trans athletes in girls’ sports
(DBN)

Police Bodycam Shows Sheriff Hunting for 'Obscene' Books at Library
(DBN)

Oklahoma students walk out after trans student's death to protest bullying policies
(DBN)

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Motorcycles:

This Guy Told Us He Bought All The Cakes, But Then The Story Got Weird
(DBN)

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UK:

Southampton City Council says it faces 'bankruptcy' without bailout England’s rising rural homelessness is a hidden crisis made worse by looming council bankruptcy How councils have let dozens of staff 'work from beach' across the globe despite growing pressure on local authority budgets Auditor issues ‘bankrupt’ Nottingham City Council with legal notice over its accounts
(DBN)

Insolvency figures 'confirm no post-Christmas boost' for businesses
(DBN)

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EU:

Bears, cars and angry farmers fuel green backlash
(DBN)

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Russia:

State Department tightlipped over claims of Navalny prisoner swap deal No Navalny prisoner swap was offered to Russia, Western officials say
(DBN)

Hungary approves Sweden's NATO membership Sweden to join NATO in historic move as Hungary ratifies bid
(DBN)

NATO and EU states ‘considering sending troops to Ukraine’ Macron Doesn't Exclude Sending Troops To Ukraine, Announces Missile Coalition Less talk, more shells: Ukraine tells EU leaders to get serious about ammo
(DBN)

Russia offering African governments ‘regime survival package’ in exchange for resources, report says
(DBN)

Russia Imprisons Co-Chair of Nobel Prize-Winning Rights Group
(DBN)

Yellen Calls for Way to Use Frozen Russian Assets to Aid Ukraine
(DBN)

Russian Tycoons Lose UK Appeal to Unfreeze Private Jets and a Superyacht
(DBN)

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MENA:

IDF told Egypt that Israeli Rafah operation won't push Palestinians into Sinai: sources Refugees in Rafah will be allowed to flee to other areas of southern Gaza, officials say
(DBN)

Biden hopes cease-fire, hostage deal to pause Israel-Hamas war can take effect by next Monday
(DBN)

IDF wipes out Hezbollah commander on embattled Lebanon streets in dramatic footage
(DBN)

Gaza Father Lost 103 Relatives to War
(DBN)

Israel Is Counting on Middle East Neighbors to Help Rebuild Gaza
(DBN)

Palestinian prime minister resigns amid calls to reform Palestinian Authority
(DBN)

'He's in a bad place': Expert says Netanyahu 'emotionally shattered' by war
(DBN)

Hamas leader hiding in Gaza, but killing him risks hostages, officials say
(DBN)

Houthis knock out underwater cables linking Europe to Asia
(DBN)

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India:

Inherent Powers of the NCLT to Recall an Insolvency Resolution Plan
(DBN)

IBC amendments to be pursued by new govt after Lok Sabha elections
(DBN)

IBBI Directs Liquidator To Make Certain Declaration When Financial Service Provider Undergoes Voluntary Liquidation
(DBN)

India's most valuable startup is now its highest-profile mess
(DBN)

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France:

Casino Shares Surge After Restructuring Plan Receives French Court Approval
(DBN)

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Sweden:

Swedish Landlord SBB Cuts Property Valuations Amid Market Pain
(DBN)

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China:

Evergrande Founder’s Ex-Wife Sues Son Over $128 Million in Loans
(DBN)

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