February 5, 2024

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click here
Search prior case summaries: Click here

Format For Mobile Device



Law:

Goodwin Is Cutting Even More Associate Jobs Under The Guise Of 'Performance Reviews'
(DBN)

Is Cravath At A Crossroads?
(DBN)

Otterbourg Appoints Restructuring And Bankruptcy Partner Sunni Beville
(DBN)

Ex-Kirkland Bankruptcy Pro Molds Messages for Distressed Firms
(DBN)

Law Firm Informs First-Years It Will Fire One-Third Of Them... But Won't Say Which Until Later
(DBN)

Is calling litigation ‘without merit’ actually without merit?
(DBN)

Remembering The First All-Black Law Firm
(DBN)

Award-Winning Actor Sets Tone For Legalweek's Heavy Dose Of Acting When It Came To Gen AI
(DBN)

Some Clients Prefer Speed Over Quality
(DBN)

AI Has Only Begun To Reshape the Business of Law
(DBN)

Roberta Kaplan says Trump threw papers across table at Mar-a-Lago deposition because his legal team agreed to feed her lunch George Conway on Trump’s fiery rhetoric to E. Jean Carroll lawyer: ‘Just appalling’ Trump Calls Roberta Kaplan A 'See You Next Tuesday' Like The 12-Year-Old Boy He Is
(DBN)

Supreme Court may look to the Civil War to resolve whether Trump can be on the ballot Can Trump be on the ballot? It’s the Supreme Court’s biggest election test since Bush v. Gore
(DBN)

Trump spent $76 million over last two years on attorneys as legal troubles mount ahead of election
(DBN)

Most Republicans aren’t aware of Trump’s various legal issues
(DBN)

Judge delays Trump's federal trial as court considers his presidential immunity claim
(DBN)

What happened with Trump's trials in January
(DBN)

Trump takes a swing at prosecutors in legal cases: ‘Bad people who hate our country’
(DBN)

Litigation Lessons From Donald Trump's Two NY Civil Trials
(DBN)

Trump Is Inching Closer to the Worst Legal Defeat of his Life
(DBN)

Trump ally emerged from shadows to deal blow to Ga. case against former president
(DBN)

Fulton County DA Fani Willis acknowledges personal relationship with the special prosecutor in Trump election case Fulton DA Fani Willis subpoenaed by House Republicans Fulton DA Comes Out Swinging In Response To Affair Allegations Fani Willis says efforts to disqualify her from Trump RICO case are not based in law
(DBN)

Jack Smith blasts Trump attorneys for conspiracy-laden discovery requests in docs case
(DBN)

Trump's conviction scenario
(DBN)

Ex-DOJ Official Says He’s ‘Now At The Freakout Stage’ Over 1 Trump Case
(DBN)

Here’s how 2 sentences in the Constitution rose from obscurity to ensnare Donald Trump
(DBN)


Judge has harsh words for Trump supporter sentenced for blindsiding U.S. Capitol officer
(DBN)

Biden's team bracing for special counsel's report on classified docs
(DBN)

Prosecutors hit back at Trump’s accusations of political bias in classified documents case Prosecutors rail against Trump’s ‘distorted’ argument in classified documents case
(DBN)

Ex-Boston K-9 officer admits assaulting Capitol Police officer with chair on Jan. 6
(DBN)

Mississippi coroner who buried men without telling their families: ‘I don’t know how to find people’
(DBN)

'God's Army' protesters rally in Texas against migrant crossings Wall Street Journal Slams Abbott Over Border Crisis Trump-focused Texas border rally blends politics and religion At Rally for Border Security in Texas, Fears of ‘Invasion’ and ‘Civil War’ Kristi Noem Warns of Possible Civil War Amid Border Standoff Texas Border Convoy Slammed by Eagle Pass Community Leaders Ahead of Rally Speaker Johnson says Biden not ‘allowed’ by staff to take action on border Alaska National Guard plans deployment to assist federal government on US-Mexico border ‘A Strategic Mistake on the Part of My Party’: A Top Dem Speaks Out on the Border House GOP plans new Israel package in blow to Senate talks House Democrats in "tough spot" with GOP's new Israel bill Abbott Spent $124 Million Busing Migrants House Dems say Texas' Greg Abbott inciting potential border violence Senate releases $118 billion bipartisan aid proposal for Israel, Ukraine, border security What Is and Isn’t in the Senate Bipartisan Border Security Deal Republicans vow to kill border bill hours after its reveal Mike Johnson faces internal GOP dissent on Israel bill Top House Democrats swipe at GOP's new Israel aid bill
(DBN)

Supreme Court declines to immediately block West Point from considering race in admissions process
(DBN)

Jennifer Crumbley's parenting of shooter son picked apart during closing arguments
(DBN)

Arrest made in L.A. dognapping that left frantic owner clinging to car hood
(DBN)

A woman stole a memory card from a truck. The gruesome footage is now key to an Alaska murder trial
(DBN)

Case dropped against man charged for threatening to kill Biden, Harris
(DBN)

Police chief vows ‘appropriate measures’ will be in place as suspects in NYPD attack head to California
(DBN)

Recording Academy Allegedly Used NDAs to Silence Women’s Sex Abuse Claims: Report
(DBN)

He was America's flashiest watch dealer. Then the feds caught up with him.
(DBN)

Crumbley Mom's Sex Parties While He Fell Apart
(DBN)

New Mexico: Failed election candidate paid me to shoot officials, gunman says
(DBN)

A company lost $25 million after an employee was tricked by deepfakes of his coworkers on a video call: police
(DBN)

Judges Knock Discrimination Plaintiff From Early Retirement To Getting Back To Work
(DBN)

Vigilante lured child porn convict into fatal ambush after pretending to be minor: Cops
(DBN)

Man sentenced for killing restaurant owner and grandfather in road-rage shooting
(DBN)

Bloodied Florida motorist calls 911 after being shot in highway road-rage attack
(DBN)

Arrest made in dog theft where owner held onto fleeing car, but dog still missing: Cops
(DBN)

Sugar heir 'irate' over sitting next to gay couple beat woman who told him to stop: Cops
(DBN)

______________

Judges:

No, You Can't Use Judicial Funds For Booze And Nepotism
(DBN)

______________

Wall Street:

Stock futures slip as Powell says Fed needs more evidence before cutting rates
(DBN)

S&P 500 closes at a record, rises for a fourth-straight week on strong tech earnings
(DBN)

The stock market's bull case just got stronger
(DBN)

______________

Layoffs:

What employees are owed if their company collapses
(DBN)

Why you don't need to freak out about the layoffs
(DBN)

Former Messenger staffers file class-action lawsuit over news site shutdown
(DBN)

______________

Student Debt:

How student loan forgiveness factors into your tax bill
(DBN)

____________

Retailing:

New Macy’s CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
(DBN)

My Annual Retail Predictions: A Baker’s Dozen (Part 2)
(DBN)

____________

Corporate Governance:

Elon Musk's company directors feel an 'expectation' to use drugs with him to avoid upsetting the billionaire, report says Former Tesla director Larry Ellison invited Elon Musk to Hawaii to 'dry out' from drugs, report says Elon Musk was told to go to rehab by concerned friends amid fears his drug use was spiraling after Tesla boss snorted ketamine and drank 'molly water'
(DBN)

Why Most Corporations Love Delaware
(DBN)

____________

Religion:

Pope Francis Rebellion Grows as 90 Catholic Figures Sign Scathing Letter
(DBN)

____________


Economy:

Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects Fed chair Jerome Powell urges Americans to be patient with high interest rates
(DBN)

Too Soon to Cry Victory on Inflation, OECD Tells Central Banks
(DBN)

Powell: US on Unsustainable Fiscal Path
(DBN)

Stay away from US stocks, expect the AI bubble to burst, and brace for a recession, elite investor Jeremy Grantham says
(DBN)

Gen Z fuels "loud budgeting" personal finance trend
(DBN)

Nobody's quitting their job anymore. That's a bad sign for workers.
(DBN)

U.S. economy added 353,000 jobs in January, much better than expected The great American jobs machine keeps revving in an election year US labor market sizzles with blowout job growth, solid wage gains Closer Look at January Job Numbers
(DBN)

January jobs report shows the labor market is hot, hot, hot
(DBN)

The new jobs report was great. But maybe don't go looking for a new gig just yet.
(DBN)

Scorching US economy throws off market's Fed cut narrative
(DBN)

U.S. economy showed signs of reaccelerating even before Friday's jobs report
(DBN)

Ex-Trump official admits his prediction about Biden economy was wrong 2:03
(DBN)

Here’s where child care is the most expensive: study
(DBN)

Trump floats ‘more than’ 60% tariffs on Chinese imports
(DBN)

I volunteered to help New York City track its homeless population. Here's what I learned.
(DBN)

Baby Boomers are approaching 'peak burden' on the economy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Here is how young Americans are coping with the affordability crisis
(DBN)

RealPage rent hikes land corporate landlords in court
(DBN)

Lenders are bailing out of commercial real estate as a wave of debt builds
(DBN)

Company behind controversial real estate deal facing bankruptcy and legal action in Illinois
(DBN)

____________

Oil/Gas:

Red Sea turmoil is the only thing keeping oil prices as high as they are
(DBN)

____________

Politics:

Barkley has a stern message for NFL fans hating on Taylor Swift Fox News Suddenly Wants Celebrities Out of Politics. Well, One Celebrity Gov. Newsom says Republicans are going after Taylor Swift for the wrong reason
(DBN)

The relentless focus on White Christian nationalism is spreading a racist myth
(DBN)

Trump feud with UAW reaches fever pitch
(DBN)

The RNC chairwoman calls for unity as the party faces a cash crunch and attacks by some Trump allies
(DBN)

For MAGA, it’s the culture, stupid
(DBN)

The ‘mainstreaming’ of ‘hateful and dehumanizing rhetoric’ in right-wing media is leading to violence, experts say
(DBN)

Haley swipes at Trump, Biden over age in new ad
(DBN)

South Carolina Democrats head to the polls, where Biden is expected to notch a primary win Biden nets landslide victory in South Carolina Democratic primary, over 95% of votes Biden’s South Carolina Result Quells Concerns About Black Vote Biden's South Carolina show of force
(DBN)

30 Things Joe Biden Did as President You Might Have Missed
(DBN)

Haley holds 13-point lead over Biden in head-to-head poll Nikki Haley’s fundraising takes off while GOP tries to end her campaign GOP’s Haley Takes Fresh Jabs at Trump’s Age, Legal Challenges Trump's Fundraising Plummets
(DBN)

Trump floats ousting RNC chair after brutal 2023
(DBN)

Biden Opens Up Lead Over Trump
(DBN)

Democratic and Republican elites fear RFK Jr.’s growing path to victory
(DBN)

Wisconsin Supreme Court rules that Dean Phillips must be on the primary ballot
(DBN)

House will vote next week on stand-alone Israel aid bill, Johnson tells colleagues
(DBN)

The wild probe into investors of DWAC, Trump Media’s proposed merger ally
(DBN)

Kyrsten Sinema Gets a Look From GOP as Kari Lake Stirs Drama
(DBN)

DeSantis' presidential campaign cost $160 million
(DBN)

Tucker Carlson Spotted in Moscow Sparks Frenzied Speculation Ex-Fox News Host Carlson Visits Moscow and May Interview Putin
(DBN)

Bankrupt Rudy Giuliani says 'nope' to taking job as Trump's VP
(DBN)

A South Dakota tribe banned Gov. Kristi Noem from a reservation over her US-Mexico border remarks
(DBN)

GOP Senator Blasted for 9/11 Falsehoods
(DBN)

____________

Tech:

Holding photos of their deceased children, parents lobby Congress to pass online safety legislation
(DBN)

Immigrants who flock to Las Vegas for casino and service jobs fear AI could replace them
(DBN)

China unveils plan for chilling ‘zombie’ brain chips to be implanted into skulls to rival Elon Musk’s Neuralink
(DBN)

The boss is going to look very different in the age of AI
(DBN)

Taylor Swift Deepfakes Originated From AI Challenge, Report Says
(DBN)

____________

Celebs:

Wendy Williams Reveals Health and Financial Struggles in Shocking Lifetime Doc Trailer: ‘I Have No Money’ Wendy Williams Seen for First Time in a Year in Devastating Lifetime Documentary Trailer
(DBN)

____________

Education:

‘Why are we letting Moms for Liberty infiltrate our school system?’: Right-wing group faces growing pushback
(DBN)

____________

Banking:

Former Swiss finance minister defends role in Credit Suisse collapse
(DBN)

____________

Healthcare:

Small-town Missouri hospital faces restructuring after default declared
(DBN)

Cano Health files for bankruptcy, receives $150-million financing commitment
(DBN)

Silicon Valley county becomes first in U.S. to declare loneliness a health emergency
(DBN)

Texas Civil Medicare Fraud Unit is Fallling Apart
(DBN)

____________

Contractors:

The Owner’s Dos and Don’ts When a General Contractor Files for Chapter 11 Bankruptcy
(DBN)

____________

Celebs:

Killer Mike escorted out of Grammys in handcuffs after winning 3 awards
(DBN)

____________

Water:

Big Companies Cashed In on Mississippi’s Water. Small Towns Paid the Price.
(DBN)

____________

Trucking:

Bankrupt Yellow Corp. Shareholders Could Get A Very Large Recovery Or Nothing
(DBN)

____________

 


New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (81 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

SCOTUS:

Attorneys Who Argue Before Supreme Court Skew Male, Ivy League
(DBN)

Trump Ballot Clash Thrusts Supreme Court Into 2024 White House Race
(DBN)

____________

Safe Harbors:

Retailer’s Status as a “Financial Institution” Immunizes $1 Billion Fraudulent Transfer
(DBN)

____________

Aviation:

Airline SAS to file second amended Chapter 11 plan SAS Plans to Set Aside $325 Million for Creditors’ Debt Recovery
(DBN)

Boeing reworking 50 undelivered 737 MAX jets over fuselage issue
(DBN)

Boeing in ‘last chance saloon’, warns Emirates boss
(DBN)

Ted Cruz wants lawmakers to get security escorts through airports
(DBN)

____________

Labor:

ILWU and Portland Terminal Settle Long Dispute Which Bankrupted the Union
(DBN)

____________

Climate:

"Torrents, not trickles": UN climate chief's vision for COP29
(DBN)

More Americans than ever before believe climate change is really happening
(DBN)

‘This is not a Lahaina problem’: Once unthinkable, frequent fires are Hawaii’s new normal.
(DBN)

A rare Level 4 of 4 risk of excessive rainfall issued for parts of California California deluge begins as residents are told to evacuate over life-threatening 'bomb cyclone' that is set to bring hurricane-force winds and dump 8 trillion gallons In photos: Atmospheric river triggers evacuations and outages in California
(DBN)

____________

Crypto:

FTX SIM Swap Hack Resulted in $400m losses DOJ Reveals
(DBN)

FTX Says It Expects to Repay Customers in Full. Some Are Suing for More
(DBN)

FTX Initiates Strategic Sale of Anthropic Stake Amid Bankruptcy Proceedings
(DBN)

Anxiety, Mood Swings and Sleepless Nights: Life Near a Bitcoin Mine
(DBN)

'Crypto King' associate sentenced to 5 months in jail for contempt
(DBN)

Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings Crypto exchange Gemini claims bankrupt Genesis seeks to approve the sale of trust assets
(DBN)

Celsius issues creditors USD 3 bln in crypto in exit from bankruptcy
(DBN)

____________

Newspapers:

The newspaper savior complex
(DBN)

Staffers Torch 'Sociopath' Finkelstein Over Messenger Implosion
(DBN)

____________

UK:

DDC facing serious financial hardship after DEFRA withdraw funding for food checks at Port of Dover
(DBN)

____________

Canada:

Business, consumer insolvencies rise in December as higher rates bite
(DBN)

Canada Extends Ban on Home Purchases by Foreigners
(DBN)

____________

MENA:

U.S. strikes more than 85 targets in Iraq and Syria in initial barrage of retaliatory attacks US hits hard at militias in Iraq and Syria, retaliating for fatal drone attack Strikes were meant to sound loud but likely won't echo for long US defense secretary: 'This is the start of our response' Expert: This is why using B-1 bombers in strike is a big deal US kills 34 'Iran-backed' militants in 'a taste of what's to come': Pictures show aftermath of Biden's revenge strike that saw B1 bombers drop 125 missiles on 85 targets in Syria and Iraq in just 30 minutes Iraq and Syria warn of dangerous consequences following U.S. strikes How Biden decided on military targets for retaliatory strikes Iraq warns Middle East is now on ‘brink of the abyss’ after 16 killed in US revenge strikes on Iranian-backed militias U.S. Strikes Test Iran’s Will to Escalate Biden sends Iran a signal of deterrence — and restraint — with first retaliatory strikes Former NATO ambassador on airstrikes in Iraq, Syria: US sent specific message by not targeting Iran Playbook: 6 big questions about the Middle East strikes An Iranian-backed militia official downplays the US strikes in Iraq, hints at deescalation U.S. intends to take ‘additional strikes’ against Iran-backed groups, national security advisor says
(DBN)

The UN aid lifeline to Palestinians suffering in Gaza is at very high risk Former hostage describes captivity in Hamas tunnel and dungeon in Gaza
(DBN)

The Israeli Firebrand Driving Netanyahu Further to the Right
(DBN)

Israel Issues Detailed Warning to Hezbollah
(DBN)

CNN staff say network’s pro-Israel slant amounts to ‘journalistic malpractice’
(DBN)

Half of U.S. adults believe Israel has "gone too far" in Gaza war: poll
(DBN)

US and UK launch new attacks on Houthis in Yemen Who are the Houthi rebels costing billions in trade and threatening more Middle East conflict? Houthi drone strikes have a nearly decadelong history
(DBN)

Treasury sanctions Iranian hackers it says targeted water companies
(DBN)

Pakistan’s ex-prime minister and wife sentenced to seven years in prison for ‘fraudulent marriage’
(DBN)

____________

Russia:

Ukrainian general's uncertain future adds to doubts over its fight with Russia
(DBN)

The Most Popular Man in Ukraine Has Become a Problem for Zelenskiy
(DBN)

EU Passes Aid Package for Ukraine
(DBN)

Ukraine appears to be attacking Russia's oil-and-gas industry with small, cheap drones that can bypass its air defenses
(DBN)

Russia’s war in Ukraine has had an unlikely consequence — reviving EU plans to get even bigger
(DBN)

Desperate to avoid the draft
(DBN)

EU to Propose Limited Sanctions For Two-Year Mark Of Russian War
(DBN)

Greek Shipowners Are Stampeding Out of the Russian Oil Trade
(DBN)

____________

Turkey:

Turkey’s inflation sees biggest monthly jump since August, near 65% year-on-year
(DBN)

____________

China:

China has vowed to save its crashing stock market, but investors are just not convinced
(DBN)

China pledges more help for its ailing property market, as IMF forecasts economy will slow
(DBN)

____________

India:

Inadequate staff, infrastructure crippling NCLAT Chennai as lawyers contemplate moving court
(DBN)

IBBI allows same resolution professional to handle insolvency of a firm and its personal guarantor
(DBN)

Has the dust settled on the status of undecided claims under IBC?
(DBN)

Professional entities can now handle any number of insolvency cases
(DBN)

____________

France:

French service sector contracts for eighth straight month-PMI
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subptption fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $75.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2024