February 9, 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:

Associates Will Never Be Fully Satisfied Without Work-Life Balance
(DBN)

Morrison Foerster Welcomes Experienced Restructuring Partner Oksana Lashko in New York
(DBN)

Law Professor Goes All In On Lawsuit Alleging Reverse Discrimination Against Men
(DBN)

Baker Botts Welcomes Leading Restructuring Partner in Dallas
(DBN)

Top Law School Student To Compete On Survivor's 46th Season
(DBN)

Law Mom And The Modern Family: Pump, Work, Sleep, Repeat
(DBN)

Dechert pays £3m to settle claim it was involved in email hack
(DBN)

Seyfarth Shaw Posts 3% Revenue Growth, Eyes Further Expansion
(DBN)

Allegations of Misuse of Pension Contributions Rock Former Philadelphia Law Firm
(DBN)

A few partners leave Cravath despite changes that generate more money for superstars
(DBN)

Mid-Sized Firms Have Lagged Behind In Tech... But Why?
(DBN)

Court-appointed lawyers are victims of stolen check schemes, prosecutors say; 6 people charged
(DBN)

Expelled White Law Student Allowed to Pursue Discrimination Lawsuit Against Howard University School of Law
(DBN)

Club dancer hired as solicitor’s ‘obedient little slave creature’ awarded £28k
(DBN)

Stephen Miller Announces Attack On NFL... Because It's Super Bowl Week
(DBN)

Trump's lawyer tells Supreme Court Jan. 6 was a shameful 'riot' Supreme Court appears skeptical of Colorado booting Trump from ballot Supreme Court justices steer clear of insurrection question in Trump ballot case Supreme Court is primed to keep Trump on the Colorado ballot in blockbuster hearing: Liberal justices express deep concerns and his lawyer insists January 6 was a 'riot' and not an insurrection The Supreme Court sure sounds eager to put Trump back on the ballot Supreme Court Casts Doubt on Efforts to Bar Trump From Ballot John Roberts SHOCKED By Prospect Of Presidential Elections Decided By 'Handful Of States' Justices Thomas, Kavanaugh look to 'history' to save Trump from disqualification
(DBN)

Navarro ordered to report to prison Unlike Steve Bannon, ex-Trump adviser Peter Navarro is ordered by judge to go to prison
(DBN)

Donald Trump Has a Jury Problem
(DBN)

Feds investigate threats to potential witness in Trump Mar-a-Lago documents case
(DBN)

Trump Org CFO May Have Committed A Wee Spot Of Perjury, Ooopsie!
(DBN)

Special counsel says Biden ‘willfully retained and disclosed’ classified info — but still doesn’t recommend charges 'Well-meaning, elderly man with poor memory' Biden says ‘my memory is fine,’ disputes special counsel’s report in national address Biden’s Attempt to Address Memory Issue Backfires With New Gaffe 'Did Not Remember When He Was VP'... 'When His Son Died' Biden declines to assert executive privilege over classified documents report Biden Mishandled Classified Documents But Won’t Be Charged Special counsel says Trump's classified document scandal is one reason not to charge Biden Garage Boxes, Memory Questions and No Crime: Inside Biden’s Handling of Classified Documents - WSJ
(DBN)

Rudy Giuliani Makes Big Confession About Trump Campaign In Bankruptcy Court Rudy Giuliani’s Most Eye-Popping Claims From His Bankruptcy Hearing
(DBN)

70-year-old Jan. 6 rioter told cop 'blue lives matter,' ignored police on Jan. 6: Feds ‘We want our country back’: Jan. 6 rioter who bragged he’d ‘be cleared’ and get a ‘huge premium’ for storming the Capitol convicted of 20-year felony
(DBN)

FCC votes unanimously to ban unsolicited AI robocalls
(DBN)

West Virginia 'Women's Bill of Rights' is criticized as an effort to suppress trans people
(DBN)

ACLU settles for $500k with a Tennessee city in fight over an anti-drag ordinance
(DBN)

Massachusetts student fights 'two genders' shirt ban in US appeals court
(DBN)

Hawaii's high court cites 'The Wire' in rebuke of US Supreme Court decision that expanded gun rights Hawaii Court: No Individual Right to Arms
(DBN)

Seven Indicted in Times Square Attack on NYC Police Officers
(DBN)

This is the No. 1 reason people get divorced, says Kim Kardashian’s high-powered divorce lawyer
(DBN)

______________

Judges:

New Jersey Bankruptcy Court Rejects the Concept of Specialized Panel for Large Chapter 11 Cases NJ bankruptcy court will not limit large cases to just a few judges
(DBN)

US Supreme Court Buttresses Whistleblower Law in Defeat for UBS
(DBN)

Judge faces potential discipline for allowing secretary to work remotely
(DBN)

Judicial Conduct Committee Passes Ball On Glaring Due Process Issue In Newman Case Judge Newman’s Upheld Suspension Has Some Questioning Ethics Law
(DBN)

IRS hit Cook County judge with a lien for $114,158 in unpaid income taxes
(DBN)

______________

Wall Street:

Stock futures inch lower in overnight trading after S&P 500 touches historic 5,000 mark
(DBN)

Global Share Buybacks Return With a Bang as Stocks Hit Records
(DBN)

______________

Layoffs:

AI Is Driving More Layoffs than Companies Want to Admit
(DBN)

I'm a former Amazon VP who once laid off a third of a startup I had helped build. Here's what I learned about handling layoffs.
(DBN)

BCE Slashes 9% of Workforce in Biggest Restructuring in Decades
(DBN)

Citigroup Weighs Cutting 10% of Wealth Employees in London
(DBN)

Finance Layoffs Watch ’23-’26: UBS
(DBN)

______________

Tech:

Tech layoffs are way down from last year. Why does it feel so grim?
(DBN)

Can the courts save us from dangerous AI?
(DBN)

Key House Republican Presses Biden to Classify TikTok as Foreign Agent
(DBN)

Big Tech’s $140 Billion Cash Haul Points to Shareholder Returns
(DBN)

____________

Hollywood:

Inside the Hidden Poverty Crisis at Universal Studios
(DBN)

____________

Gambling:

Billionaires Want to Bring Vegas to Deeply Resistant Texas Why Billionaires Want Gambling in Texas
(DBN)

____________


Economy:

Weekly Initial Unemployment Claims Decrease to 218,000
(DBN)

Jobless Claims Fall But Americans Still Can't Afford Homes
(DBN)

CBO: Higher :Immigration Win for US Economy and Deficits
(DBN)

'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg says
(DBN)

CEOs Turn Positive on US Economy for First Time in Two Years
(DBN)

Here's how much it costs to live in America's 10 most expensive cities
(DBN)

Less Than Half of Americans "Very Satisfied" With Own Lives
(DBN)

Average credit card balances jump 10% to a record $6,360 as more consumers fall behind on payments
(DBN)

The data that's powered the stock market rally is reversing and it's still possible the Fed raises rates before it cuts, market vet says
(DBN)

Fed Has Time to Be Patient on Cutting Interest Rates, Barkin Says
(DBN)

Immigration to Boost US GDP by $7 Trillion Over Decade, CBO Says
(DBN)

The Confusingly Strong Economy Told in Three Stories
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

The Spectacular Crash of a $30 Billion Property Empire
(DBN)

Realtor.com Reports Active Inventory UP 12.2% YoY; New Listings up 12.8% YoY
(DBN)

MBA: Mortgage Delinquencies Increase in Q4 2023
(DBN)

Yellen Eyes Nonbank Mortgage Lenders, Warns of Potential Failure
(DBN)

Mortgage payments have reverted back near all-time highs as the Fed delays rate cuts
(DBN)

US Mortgage Rates Tick Up as Fed Signals Its Fight’s Not Over
(DBN)

Commercial real estate investment plummeted to the lowest level since 2012 last year
(DBN)

Sun Life Sees Value of Its US Office-Property Stakes Sink 26%
(DBN)

Big office renewals outpaced new leases last year
(DBN)

Creditors question Adam Neumann’s plans for a WeWork comeback
(DBN)

Shaky commercial loans threaten a new regional bank crisis
(DBN)

A $22,000-a-Month LA Rental Showcases KKR’s Property Stresses
(DBN)

Attorneys for West Virginia governor's family want to block planned land auction to repay loans
(DBN)

____________

Oil/Gas:

The Oil Was From Iran. The Insurance Was From New York
(DBN)

US Bid to Curb Iranian Oil Bedeviled by Economic, Election Risks
(DBN)

____________

Education:

A Florida school made parents sign permission slips to let their kids participate in Black History Month events, report says
(DBN)

____________

Healthcare:

Adventist Health and UCSF announce effort to buy Madera Community Hospital A bankrupt California hospital left a health care desert. Two medical groups move to reopen it
(DBN)

Why Experts Saw Cano Health’s Bankruptcy Coming From A Mile Away Cano Health Wants Out Of About 80 Leases In Bankruptcy
(DBN)

CDC report finds teens are using drugs — often alone — to ease anxiety or 'forget bad memories'
(DBN)

Parents struggle to get care after cyberattack on Chicago children's hospital
(DBN)

____________

Radio:

Alabama station in disbelief after 200-foot radio tower stolen
(DBN)

____________

Crypto:

Voyager Investor Suit Against Firm Shows Risk of Crypto Advice
(DBN)

NBA sued by investors over ties to failed crypto exchange Voyager
(DBN)

Sam Bankman-Fried Ordered to Appear in Court to Defend Celsius Connection
(DBN)

Bankrupt Crypto Lender Genesis Moves to Settle with NY Attorney General
(DBN)

____________

Banking:

Big Dreams Come Back to Bite New York Community Bank
(DBN)

Yellen: It’s ‘obvious’ that empty office buildings will create banking stress and losses
(DBN)

Barclays Gives Dozens of Bankers Nothing in Grim Bonus Round
(DBN)

JP Morgan Paid $40 Billion in Fines Since 2000
(DBN)

____________

Hotels:

Hotels: Occupancy Rate Decreased 0.1% Year-over-year
(DBN)

____________

Pharma:

Drug Company CEOs Grilled Over US Prices
(DBN)

____________

Theme Parks:

Survey: Disneyland is SoCal's Biggest Rip-Off
(DBN)


____________

Ride Hailing:

Judge compares GM Cruise to 'Leave It to Beaver's' Eddie Haskell
(DBN)

____________

Autos:

Leaked Tesla pay data: How much Elon Musk's factory workers now make across the US after some got raises
(DBN)

Tesla’s Transparent Price-Cutting Is ‘Poison’ for Used EV Values
(DBN)

____________

Fraud:

Illinois Man Indicted for Multi-Million Dollar Ponzi Scheme
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (9 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

$1.5B award to Sandy Hook families Alex Jones defamed debated by lawyers before CT appeals court
(DBN)

____________

Finance:

The Treatment of No-Call Provisions, Prepayment Premiums, and Make-Whole Damages Under the Bankruptcy Code
(DBN)

____________

Aviation:

Spirit Airlines CEO Shuts Down Talk Of Bankruptcy
(DBN)

Boeing Jet Shows Signs That Panel Shifted Before Alaska Air Accident
(DBN)

____________

Climate:

Record January caps Earth's first 12-month period above 1.5°C
(DBN)

Net-Zero Targets Face Reality Check
(DBN)

____________

Politics:

Biden confuses European leaders with dead predecessors twice in a week
(DBN)

Powerful committee chair joins growing list of House GOP retirements
(DBN)

House GOP had lowest win rate on ‘party unity’ votes since 1982
(DBN)

Foreign aid package finally breaks through Senate logjam US Senate Backs Ukraine Aid in Test Vote But House Is Obstacle
(DBN)

GOP gains critical vote to impeach Mayorkas as Scalise plans return
(DBN)

Turmoil surrounds Mike Johnson over alleged Senate endorsement
(DBN)

NYT Mag on Mark Meadows: "Least trusted man in Washington"
(DBN)

Some Democrats worry the border will overshadow abortion in House elections
(DBN)

How Nikki Haley lost the Nevada primary to “none of these candidates”
(DBN)

Trump Tightens Grasp on Republican Party as He Nears Nomination
(DBN)

Kansas lawmakers are allowing a 93% pay raise for themselves to take effect next year
(DBN)

____________

Sovereigns:

Sri Lanka’s Restructuring Plan Is Here to Stay
(DBN)

____________

UK:

Adler: English Court of Appeal Overturns Restructuring Plan
(DBN)

1 in 5 UK Libraries Fear Bankruptcy in 2024
(DBN)

Company Insolvencies in the UK at 30-Year High
(DBN)

Government 'oversaw failing' at Nottingham City Council and holds contempt for authority, councillor claims
(DBN)

London Mansion on Sale for $34 Million After Bankruptcy of Emirati Tycoon
(DBN)

____________

Canada:

Fairfax Plunges on Muddy Waters Report in New Short-Seller Scrap
(DBN)

Private jets, yachts and parties: Ontario landlords flaunted lavish lifestyle as business began to crumble
(DBN)

____________

EU:

ECB Needs More Certainty That Inflation Headed for 2%, Lane Says
(DBN)

____________

Russia:

Putin's Tucker Carlson interview seems timed to inflict maximum damage on US support for Ukraine Putin Takes Hard Line on Ukraine in Tucker Carlson Interview
(DBN)

Zelensky replaces Ukraine's top general in major shakeup Zaluzhnyi Leaves as Ukraine’s Army Chief Amid Deepening Rift Zelenskiy Says Time for Renewed Leadership of Armed Forces
(DBN)

Ukraine mulls contingency plan to keep IMF funds flowing
(DBN)

Ukraine Faces Critical Shortage of Missiles, Ambassador Says
(DBN)

____________

MENA:

Hostage Rescue Less Vital to Many Israelis Than Defeat of Hamas
(DBN)

Biden Says Israel’s Response in Gaza is ‘Over the Top’
(DBN)

Gazans Fear Another Israeli IDP Massacre
(DBN)

The top UN court has ruled on Gaza genocide case. Here’s what happens now
(DBN)

US Defends Airstrikes as Iraqi Anger Mounts
(DBN)

____________

China:

China's deflation problem keeps getting worse
(DBN)

China's Real Estate Nightmare Isn't Over Yet, Professor Warns
(DBN)

Chinese banks are getting cold feet dealing with Russia
(DBN)

El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
(DBN)

____________

Brazil:

Brazil farmer bankruptcy filings worry global grain traders
(DBN)

Bolsonaro Targeted as Police Close In On Alleged Coup Plotters Bolsonaro ordered to forfeit passport as Brazilian police probe his allies over alleged coup
(DBN)

Brazil Subsidized Rural Insurance Policies for Deforested Farms
(DBN)

____________

Argentina:

Javier Milei’s ‘Shock Therapy’ Is Suffering a Stinging Rejection
(DBN)

____________

Venezuela:

EU Parliament Rejects Venezuela Vote Without Machado
(DBN)

____________

France:

French Economy to Resume Meager Growth, Central Bank Says
(DBN)

____________

South Korea:

Kim Jong Un Says He Has Lawful Right to Destroy South Korea
(DBN)

____________

Japan:

Sushi Joints Going Bankrupt in Japan Shows Inflation Impact
(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