January 2, 2024

The Daily Bankruptcy News

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Law:

Lawyerly New Year's Resolutions, Terms And Conditions May Apply
(DBN)

Boutique Sues Winston & Strawn For Violating 'Copyright' In Rule 12 Brief
(DBN)

January 2 Is Going To Be One Of The Busiest Days Of The Year
(DBN)

Eversheds Sutherland Announces Election of US Restructuring Attorneys to Partner
(DBN)

Happy Lawyers Do Exist
(DBN)

Turley reportedly latest target of swatting spree
(DBN)

Michael Cohen admits to using fake AI-generated court cases in legal filing Michael Cohen says he unknowingly submitted fake AI-generated legal cases to lawyer
(DBN)

Audio: Trump Lawyer Pushing Fake Electors Plan
(DBN)

Maine bars Trump from ballot as US Supreme Court weighs states’ authority to block former president Maine decision keeping Trump off 2024 ballot draws bipartisan backlash Maine secretary of state who opted to keep Trump off primary ballot is facing threat of impeachment Maine secretary of state says she’s received threats after removing Trump from state ballot What comes next for Trump in the Maine ballot dispute Maine's Secretary of State Explains Trump Move Trump foes hope Constitution's 'insurrection' ban will keep him off 2024 ballot Where efforts to disqualify Trump from 2024 ballot stand "Makes him a martyr": Trump's GOP rivals oppose removing him from the ballot Supreme Court Under Pressure to Rule on Trump Ballot Bans Others Barred from Office by the 14th Amendment GOP rep warns House has final say over election after states deem Trump ineligible for ballots John Dean: ‘Trump’s in trouble’ after Maine ruling Sen. Collins: Maine secretary of state’s decision to bar Trump from ballot ‘should be overturned’ Axelrod says he thinks it ‘would rip the country apart’ if Trump were prevented from running Wisconsin officials shut down effort to kick Trump off ballot Donald Trump 'fears Supreme Court could back Colorado's decision to take him off the ballot and that three conservative justices he appointed won't want to be seen as political' Colorado G.O.P. asks justices to review Trump ballot eligibility
(DBN)

Trump faces $250M penalty, ban from doing business in NY when judge issues verdict this month
(DBN)

Appeals Court Allows Jan. 6 Suit Against Trump
(DBN)

Rudy Giuliani Pleads for Money After Filing for Bankruptcy
(DBN)

Appeals court rejects Trump's request to pause proceedings in E. Jean Carroll case
(DBN)

Jack Smith shreds Trump’s immunity defense against Jan. 6 charges
(DBN)

Haley says as president she would pardon Trump if he's convicted of crimes
(DBN)

Republicans demand Biden family business associate appear for questioning in impeachment probe
(DBN)

Jan. 6 rioter cooperated with prosecutors in murder case, court records show
(DBN)

'Trump has learned just how much his lawyers spilled': Expert breaks down new court filing
(DBN)

Bill Clinton to be unmasked as 'Doe 36' and identified more than 50 times in Epstein doc dump Epstein's old flight logs showing presidents Clinton's and Trump's trips resurface ahead of upcoming doc dump Marjorie Taylor Greene Attacks Bill Clinton’s Jeffrey Epstein Ties, Ignores Trump’s Judge set to reveal 'disturbing' claims about Ghislaine Maxwell and Jeffrey Epstein by Prince Andrew sex accuser Johanna Sjoberg Jeffrey Epstein 'massage' scheduler Sarah Kellen 'quietly waiting' for bombshell document dump: report
(DBN)

Justice Department threatens to sue Texas if it implements new immigration enforcement law Biden Administration Makes Deal With Mexico to Curb Migration Mexico emerges as Biden’s immigration Hail Mary Mexican officials clear border camp as U.S. pressure mounts to limit migrant crossings NYC Mayor Eric Adams, other Democratic mayors ask for federal help coordinating migrant buses from Texas Republicans hit Biden over St. Croix trip during border crisis Chicago and New York at Breaking Point as Surge of Migrants Heads North America is ‘full,’ Lindsey Graham says Migrants taking trains from NJ to NYC after bus arrivals restricted Texas Sends Migrants to Other Cities w/o Notice California first state to offer health insurance to all illegals
(DBN)

Court rejects Idaho attempt to dismiss suit seeking expanded medical exceptions to abortion ban
(DBN)

Judge rejects Sen. Bob Menendez's request to delay his May bribery trial for 2 months
(DBN)

Kari Lake may face same fate as Rudy Giuliani after she 'opened her big mouth':
(DBN)

Ken Paxton Criminal Trial to Start in 2024
(DBN)

Judge temporarily blocks parts of Iowa law banning school books depicting a "sex act"
(DBN)

Poll: Discrimination against Asian Americans is rampant but ignored
(DBN)

Homicides in U.S. set to drop by record numbers this year
(DBN)

CA: 14 Year Old Kills Parents, Tried to Kill Sister
(DBN)

US Command Loses Control of Sex Assault Cases
(DBN)

Bodycam shows woman speeding away from cops after calling 911 about supposedly stolen dog
(DBN)

Off-duty cop murdered while stopping crime in progress at gas station, 3 people arrested
(DBN)

'Let's go': Man grabbed 4-year-old boy at Walmart and tried to pull him away, deputies say
(DBN)

Car filled with explosives barrels into crowd leaving NY rock concert, killing 2 in possible domestic terrorism: police
(DBN)

Woman charged with murder after she runs over alleged package thief with car: Cops
(DBN)

Men staged armed robberies so 'victims' could apply for special US visa: Feds
(DBN)

Florida man charged after allegedly running over deer on purpose for TikTok video
(DBN)

New laws for 2024: Gender-neutral toy aisles, retail pet stores and contraceptive access
(DBN)

California boy used stolen gun found in dad's car to kill fellow 10-year-old, authorities say
(DBN)

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Judges

Meet Judge Robinson
(DBN)

Chief Justice Roberts Issues 2023 Year-End Report
(DBN)

Chief Justice Roberts Says AI Will Transform How the Courts Work Chief Justice Roberts Sees Promise and Danger of A.I. in the Courts John Roberts weighs in on AI, ignores looming Trump cases AI won’t displace human judges, but will affect judiciary, Roberts says in annual report
(DBN)

‘Trump Too Small’ Is Big Enough For SCOTUS Review
(DBN)

A Very, Very Expensive Emoji
(DBN)

Federal Court Securities Class Action Lawsuit Filings Increased in 2023
(DBN)

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Wall Street:

Dow futures fall nearly 200 points to start the new year as rates rise, Apple shares decline
(DBN)

Stocks end 2023 with a big surge
(DBN)

Wall Street’s Seismic Shift Propels Dallas Past Chicago, LA
(DBN)

Jim Rogers Sees Epic Market Bubble
(DBN)

The Santa Claus rally in stocks may end abruptly - and an economic slump looks assured in 2024, top economist David Rosenberg says
(DBN)

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Layoffs:

'Where's the damn paper?' An Oregon newspaper said it's laying off staff after an employee embezzled thousands of dollars
(DBN)

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Fraud:

December 2023 Ponzi Scheme Roundup
(DBN)

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Food/Beverage:

Beer drinking in America falls to the lowest level in a generation
(DBN)

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Food/Beverage:

Beyond Bud Light: Another beer brand files Chapter 11 bankruptcy
(DBN)

Why U.S. restaurants and eateries have become a flashpoint in the Gaza conflict
(DBN)

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Hotels:

Occupancy Rate Increased 0.5% Year-over-year
(DBN)

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Retailing:

Can Department Stores Regain Relevance?
(DBN)

Rite Aid Bids Goodbye To 200 Stores Since Bankruptcy Filing
(DBN)

Signa’s Key Retail Property Division Files for Bankruptcy
(DBN)

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E-Cigs:

Wealthy Investors Rescued Juul From Bankruptcy. Others Are Crying Foul.
(DBN)

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Celebs:

Where are the bosses from 'Undercover Boss' now? CBS's stars muddled in lawsuits and bankruptcy
(DBN)

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Crypto:

FTX bankruptcy could go on for years, legal expert says
(DBN)

FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings FTX Offers $16,871 Bitcoin Price for Creditor Claims, Users Reject
(DBN)

Republicans slam DOJ for dropping campaign finance charges against major Democratic donor Sam Bankman-Fried: 'So we won't know which politicians he bribed?'
(DBN)

Crypto tycoons saw their wealth balloon in 2023 despite scandals
(DBN)

Prosecutors say no second trial for Sam Bankman-Fried on related charges
(DBN)

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Economy:

The US debt mountain is growing so fast the government could soon be spending more on interest payments than on defense
(DBN)

The Fed will lower interest rates under 3% as a mild recession leads to a 'soggy 2024,' UBS chief economist says
(DBN)

Fed pivot may cap junk bond defaults, but risks remain
(DBN)

It's time to admit the economy is thriving
(DBN)

US economic data points to 'real momentum' for 2024, White House says
(DBN)

US Consumer Debt Just Returning to Normal Levels, Bernstein Says
(DBN)

Biden's strong stock market still trails Trump's
(DBN)

Covid Slashed Consumer Choices. This Is Why They Aren’t Coming Back.
(DBN)

These 10 states lured the most movers last year — and No. 1 is unexpected
(DBN)

Meet the typical mover to Florida: Millennials and Gen Xers making $55,000 coming from New York and California
(DBN)

Maxed Out: Inside America's Credit Card Debt Crisis -- and What We Do Next
(DBN)

The great Rolex recession is here: How the Fed crushed the luxury-watch boom
(DBN)

The moments that stole a divided America's attention in 2023
(DBN)

Businesses Eye Possible Political Protests as Looming 2024 Risk
(DBN)

America’s slowest population growth since Great Depression
(DBN)

Why the 'wealth transfer' from boomers to their heirs won't be as large as expected
(DBN)

With all eyes on Gaza and Ukraine, a slew of other conflicts could erupt in 2024
(DBN)

Las Vegas November 2023: Visitor Traffic Up 1% YoY; Convention Traffic Up 3%
(DBN)

3 Americans share how they got away with secretly working multiple remote jobs
(DBN)

In reversal, U.S. to heighten efforts to collect billions in unpaid covid loans
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Disaster Looms for US Commercial Real Estate
(DBN)

Top subsidiaries of property giant Signa file for bankruptcy
(DBN)

Long Island squatters vacate property after 17 years
(DBN)

Here are top experts' biggest predictions for the US housing market in 2024
(DBN)

Freddie Mac House Price Index Increased in November; Up 6.3% Year-over-year
(DBN)

NAR: Pending Home Sales Unchanged in November; Down 5.2% Year-over-year
(DBN)

Real estate company bids $4.9 million for the campus of a bankrupt West Virginia college
(DBN)

Mortgage Investor JER Files for Bankruptcy, Is Latest Property Firm to Crash
(DBN)

Family Found Dead in 27-Room Boston Mansion Faced Foreclosure, Filed for Bankruptcy Last Year
(DBN)

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Municipalities:

Will Detroit’s Comeback Benefit Detroiters?
(DBN)

Most Texans Pay More Taxes Than Californians
(DBN)

The global cities with the best quality of life show how dire the affordability crisis is
(DBN)

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Oil/Gas:

2023: Beginning of the End of Fossil Fuels
(DBN)

Electric Cars Are Already Upending America
(DBN)

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Healthcare:

Ohio’s Republican governor vetoes ban on gender-affirming care Idaho cannot enforce gender-affirming care ban, judge rules For transgender youth in crisis, hospitals sometimes compound the trauma Some conservatives say transgender people regret surgery. A new study says otherwise
(DBN)

More than 13 million people lost Medicaid coverage this year, with Texas an epicenter of the 'unwinding'
(DBN)

Federal regulators issue warning as med spas surge across U.S.
(DBN)

As gun violence increases, a lack of trauma care in rural America puts millions at risk
(DBN)

Minn. woman sues dentist after 4 root canals, 8 dental crowns and 20 fillings in a single visit
(DBN)

Dec 29th COVID Update: Hospitalizations Increased
(DBN)

Mental hospitals warehoused the sick. Congress wants to let them try again.
(DBN)

New weight loss drugs are out of reach for millions of older Americans because Medicare won't pay
(DBN)

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Cannabis:

Why fears about Biden’s marijuana moves are overblown
(DBN)

Map: Where marijuana will be legal in 2024
(DBN)

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Politics:

Five big fights facing Congress in 2024
(DBN)

The racist history of Trump's "poisoning the blood"
(DBN)

Trump Team, Burned in 2016, Looks to Close Out Iowa
(DBN)

Donald Trump's FBI Plan Sparks Republican Backlash
(DBN)

Trump Lashes Out at McConnell in New Rant
(DBN)

Doom dominates 2024 messaging as Trump and Biden trade dire warnings
(DBN)

2024 is going to be a dumpster fire of a year for US politics
(DBN)

A fraying coalition: Black, Hispanic, young voters abandon Biden as election year begins
(DBN)

States are rethinking how they run their primaries
(DBN)

'We are not that': How one Florida county is defying DeSantis at the 2024 Rose Parade
(DBN)

Nikki Haley's Civil War flub proves distracting in key state of New Hampshire Nikki Haley backpedals amid criticism after omitting 'slavery' from Civil War causes Why Was It So Hard for Nikki Haley to Say ‘Slavery’? History Has the Answer
(DBN)

Marjorie Taylor Greene creates multiple headaches for new Speaker
(DBN)

Ron DeSantis keeps talking about blowing up The Bahamas
(DBN)

5 twists that could upend Democrats' best-laid plans for the 2024 election
(DBN)

Federal judge accepts redrawn Georgia congressional and legislative districts that will favor GOP
(DBN)

Ex-Trump Officials Warn of a White House Return
(DBN)

Colorado GOP Chair Slams Boebert District Move Lauren Boebert Cooks Up Bonkers New Excuse For Bailing On Her District
(DBN)

Mutiny Erupts in a Michigan G.O.P. Overtaken by Chaos
(DBN)

Green Day Changes the Lyrics of ‘American Idiot’ To Bash MAGA Live New Years Eve Show On ABC
(DBN)

The 10 Senate seats most likely to flip in 2024
(DBN)

Pro-Palestinian rally at JFK Airport causes nightmare on one of busiest travel days
(DBN)

Texas GOP rejects ballot question asking if state should secede
(DBN)

MAGA 'Prophet' Predicts 'Overthrow' of US Government
(DBN)

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Entertainment:

Streaming Services Panic on $5 Billion in Losses
(DBN)

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Student Debt:

Student loan borrowers won’t face significant penalties for missed payments through September 2024
(DBN)

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Tech:

The Most Dangerous People on the Internet in 2023
(DBN)

AI May Not Steal Your Job, but It Could Stop You Getting Hired
(DBN)

The NY Times Lawsuit Against OpenAI Would Open Up The NY Times To All Sorts Of Lawsuits Should It Win
(DBN)

A New Kind of AI Copy Can Fully Replicate Famous People. The Law Is Powerless.
(DBN)

X’s Value Drops Over 70% After Musk’s Acquisition: Bankruptcy Risk Looms
(DBN)

Apple Stock Downgraded as Barclays Warns on Cooling iPhone Demand
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (62 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

More big companies set to collapse in 2024, industry experts warn
(DBN)

Bankruptcies were up this year, in spite of the U.S.'s improving economy
(DBN)

Rewind 2023: The year big corporate titans went bankrupt
(DBN)

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Bankruptcy Crimes:

Sumner woman sentenced to federal prison for bankruptcy fraud
(DBN)

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Mass Torts:

McKinsey to pay $78M US opioid settlement with health insurers, company benefit plans
(DBN)

The Mass Tort Claimants’ Bargain
(DBN)

Judge certifies Johnson & Johnson shareholder class action over talc disclosures
(DBN)

Asbestos plaintiffs fail to knock Trane companies out of bankruptcy
(DBN)

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Subchapter V:

Notable Subchapter V Bankruptcy Opinions: October and November 2023 Edition
(DBN)

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Mediation:

Mandating Mediation–How It’s Done: (i) Local Rule Examples, and (ii) A Separate Order Guideline
(DBN)

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Aviation:

Air Methods exits bankruptcy with $1.7 billion less debt Air Methods emerges from bankruptcy protection
(DBN)

The Most On-Time Airline in 2023 Filed for Bankruptcy in 2020
(DBN)

Spirit agent who put child on the wrong flight is no longer working for the airline
(DBN)

Five dead as planes collide at Tokyo airport; all passengers evacuate Japan Airlines flight Japan Airlines Plane on Fire on at Tokyo’s Haneda Airport
(DBN)

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Autos:

Tesla bear calls stock 'egregiously overvalued' and says it could plunge as much as 65%
(DBN)

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Education:

Wisconsin university chancellor fired over ongoing porn career with wife as 'Sexy Happy Couple'
(DBN)

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Climate:

40% of US Electricity is Now Emissions Free
(DBN)

Sea of Methane Could Still Start Climate Feedback
(DBN)

So, Climate Change Isn't Going to Kill Us?
(DBN)

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Maritime:

Pandemic-Era Container Line Startup Files for Liquidation
(DBN)

Yemen's Houthis attack American warship in Red Sea - report U.S. firefight with Houthi gunmen heightens shipping risk in Red Sea Oil prices rise as Iranian warship enters Red Sea after U.S. destroys Houthi boats
(DBN)

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Insurance:

Bankruptcy court sets Vesttoo pre-trial hearing dates
(DBN)

How ‘cherry-picking’ policies let one insurer win big in Florida’s insurance crisis
(DBN)

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Sovereigns:

Ghana will secure deal with bilateral creditors by February 2024
(DBN)

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UK:

Poll: Brexit Has Completely Failed UK
(DBN)

Nearly 200 more bank branches to close for good this year as lenders disappear from the high street
(DBN)

Council revenues surge raises mismanagement concerns amid bankruptcy fears Somerset Council warns care costs are out of control Revealed: Scotland's £1.3bn council tax debt mountain Too many councils can’t demonstrate good governance 'Significant risk' to food bank's future after Nottingham City Council withdraws funding
(DBN)

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EU:

Europe on alert for New Year’s Eve terror as France deploys 90,000 cops amid ‘very high risk’ of attacks
(DBN)

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Canada:

Mastermind Toys stopped accepting gift cards on Dec. 24 — when most cards were still wrapped
(DBN)

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MENA:

Israel’s top court strikes down key part of judicial overhaul in ruling that could reignite divisions
(DBN)

Biden administration works around Congress in another Israel emergency weapons sale
(DBN)

Scoop: Biden in "frustrating" call told Bibi to solve Palestinian tax revenue issue Netanyahu Thinks He Can Outlast Biden Over Gaza
(DBN)

Israeli officials: Qatar says Hamas "agreed in principle" to resume hostage deal talks
(DBN)

'The embarrassing silence of Arab countries on the Gaza conflict is cause for concern'
(DBN)

As Palestinians are pushed south in Gaza, some fear they will be forced out of the enclave Israeli Airstrikes Kill Scores in Gaza Israel accused of firing on Gaza aid convoy as military pushes south Israel admits airstrike that killed 86 people at Gaza refugee camp was 'regrettable mistake' Israel withdrawing some units from Gaza in an effort to pace itself for a long-term conflict Costs of Israel's War on Palestinians Mounting Hamas sent Israel hostage deal proposal, but two sides still far apart, sources say Israel Expects War on Gaza to Last All of 2024
(DBN)

USS Gerald R. Ford aircraft carrier heads home after standing guard near Israel following Oct. 7 attack Eyebrows raised as American aircraft carrier leaves region
(DBN)

South Africa files genocide case against Israel at World Court
(DBN)

Egypt's 3 Step Proposal for Israeli-Gaza Peace
(DBN)

In rare apology, Israeli minister says she ‘sinned’ for her role in reforms that tore country apart
(DBN)

11 senior Iranian officers killed in Israeli airstrike on Syrian airport, report says
(DBN)

Iran showcases its reach with militia attacks across Middle East
(DBN)

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Russia:

Ukraine’s Nightmare Scenario Is Now Its Reality
(DBN)

Russia kicked off the new year with a record-breaking exploding drone attack on Ukraine and threats of more to come Russia kills at least 24 in largest aerial attack of war, Ukraine says Ukraine retaliates to huge Russian air attack with mass shelling strikes, reports say Ukraine Attacks Belgorod, Russia Putin vows to "intensify" strikes on Ukraine after Russian city shelled Russia Missile Strikes Intensify Aerial War With Ukraine
(DBN)

Ukraine Faces Growing Calls From USA to Cede Land
(DBN)

The world is watching the war in Ukraine through drones, and it twists the view of who is winning this fight
(DBN)

Biden Warns US Military May Get Pulled Into Direct Conflict With Russia
(DBN)

Naked and afraid: Naughty Russian party sparks crackdown amid war
(DBN)

____________

China:

China fires back at U.S. sanctions
(DBN)

China Military Lashes Out After US Talks
(DBN)

China's Share of World Economy Falls the Most Since Mao China's Economy is in Deep, Deep Trouble
(DBN)

Foreign investors are selling assets in China and may not jump back in next year, expert says
(DBN)

U.S. intelligence officials determined the Chinese spy balloon used a U.S. internet provider to communicate
(DBN)

China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist
(DBN)

____________

India:

IBC yet to address resolution for insolvencies of group companies
(DBN)

Missed timelines, manpower crunch pose challenges for insolvency resolution
(DBN)

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Japan:

Tsunami alerts in 4 countries as 9ft waves threaten Japan after quakes bury people alive, spark fires & risk landslides Japan Slammed by 7.6 Earthquake 100,000 Ordered to Evacuate in Japan
(DBN)

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Netherlands:

A bright future for the Dutch restructuring practice
(DBN)

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Sweden:

Swedish Bankruptcies Surge to Highest Level Since 1990s Crisis
(DBN)

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