January 23, 2024

The Daily Bankruptcy News

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Law:

Associates Need A Break From Their Billables, But Can Biglaw Firms Offer Realistic Work-Life Balance Solutions?
(DBN)

Half of law schools worry about creating diverse student body, new Kaplan study says Law Schools Worried About What Admissions Will Look Like Now That The Supreme Court Killed Affirmative Action
(DBN)

Prominent Defense Attorney's Office Raided By The FBI
(DBN)

Top 50 Biglaw Firm Elects New Chair After Former Leader Steps Down Due To 'Health-Related' Reasons
(DBN)

ArentFox Schiff Names Managing Partner Two Years Post-Merger
(DBN)

Harvard Forced to Beef Up Legal Team for Congressional Probes
(DBN)

Judge chastises Trump in defamation trial, lectures lawyers on procedural rules, says ‘this is not a tag-team lawyering’ Trump lawyer slammed for making 'spectacle' in front of Carroll jury, demanding mistrial E. Jean Carroll trial paused over Trump lawyer’s COVID exposure Trump’s defamation trial is postponed, complicating his possible testimony Karma Prepares For Funniest Joke Ever As Trump Trial Gets Postponed For COVID Trump continues blasting E. Jean Carroll as damages trial postponed amid Covid concerns Court pushes back E. Jean Carroll trial, allowing Trump to testify after New Hampshire Can Trump's Antics In The E. Jean Carroll Trial Be A Good Idea?
(DBN)

Federal Jan. 6 conviction would hurt Trump most against Biden: Poll
(DBN)

Former Trump lawyer says it’s ‘absolutely’ possible former president will be convicted Polls Show Trump Could Be Doomed If He’s Convicted. Will a Trial Happen in Time?
(DBN)

Sununu: ‘Everybody should be concerned’ with Trump’s presidential immunity argument
(DBN)

Fani Willis to Face Music in Divorce Case Judge Unseals Divorce Case of Fani Willis’ Special Prosecutor Nathan Wade Georgia judge pumps brakes on Fani Willis deposition in prosecutor’s divorce case DA denied protective order but deposition stayed in divorce related to Trump RICO case
(DBN)

Supreme Court lets stand ex-Hunter Biden associate Devon Archer’s criminal conviction
(DBN)

Raskin demands Trump Org turn over business records in probe of foreign payments
(DBN)

Lawyer For Sidney Powell Faces Disciplinary Charges Over Trump Election Case
(DBN)

Florida Lawmakers Suggest Using Taxpayer Dollars To Pay Trump's Legal Bills Lawmakers want $5 million in public funds for Trump's lawyers trying to keep him from jail Florida Republican nixes plan to have taxpayers pay Trump's legal bills
(DBN)

Donald Trump Super PAC Spent Almost $2M On Biglaw Firms In First Half Of 2023
(DBN)

GOP hypocrisy reaches new lows in Trump disqualification case
(DBN)

US Army vet accused of attacking police on Jan. 6 killed unarmed handcuffed Iraqi man
(DBN)

GOP Rep. Dan Meuser demands IRS investigate Biden’s $240K loan repayments from brother
(DBN)

Peter Navarro Tries To Piss Off Every Judge In DC At Once
(DBN)

Supreme Court allows Border Patrol agents to remove razor wire Texas installed at Mexico border Court allows Border Patrol to cut Texas’ razor wire along Rio Grande Roberts, Barrett split with conservatives 'This fight is not over': Texas vows to oppose Supreme Court razor wire ruling at border
(DBN)

Immigration overtakes inflation as top voter concern With Border Deal Near, Parole and Money Take Center Stage in Senate Talks 9 Democratic Governors Push Biden and Congress to Address Migrant Crisis
(DBN)

Lawyer and Son Ensnared Hundreds of Immigrants in Fraud Scheme, U.S. Says
(DBN)

Cops Used DNA to Predict a Suspect’s Face—and Tried to Run Facial Recognition on It
(DBN)

This bloodthirsty Venezuelan gang has caused havoc in Latin America. Now it’s in Miami
(DBN)

Citing crime, In-N-Out announces closure of Oakland restaurant
(DBN)

Republicans Push To Legalize ‘Property Owners’ Killing Homeless People in Kentucky
(DBN)

3 Kansas City Chiefs fans found frozen to death outside home of friend who had 'no knowledge' bodies were outside: lawyer
(DBN)

Texas petitioned at United Nations over laws targeting LGBTQ communities
(DBN)

Pastor Faces Charges For Giving The Homeless A Place To Sleep
(DBN)

Oklahoma Bill Would Ban Sending Sexy Selfies Unless You're Married
(DBN)

Traffic stop turns into drug bust when driver hands officer license with meth on it: Cops
(DBN)

'Snatch it': Teens allegedly targeted and killed Domino's driver for free pizza
(DBN)

Ban on youths carrying guns in emergencies violates Second Amendment, 3rd Circuit rules
(DBN)

'Extremely naked' Airbnb guest beat delivery driver to death with firewood: Police
(DBN)

Appeals Court Revives Mexico’s Lawsuit Against Gunmakers
(DBN)

A Strange 21st-Century Revival: The Train Robbery
(DBN)

______________

Judges:

Am I My Colleagues’ Keeper When It Comes to Disclosing Connections?
(DBN)

SCOTUS will hear death row inmate’s wrongful-conviction claim supported by state attorney general
(DBN)

Supreme Court takes case of Oklahoma execution delayed 8 times
(DBN)

North Carolina Supreme Court justice drops lawsuit against ethics body investigating her diversity comments
(DBN)

A surprising history of the 5th Circuit Court of Appeals, once a leader in expanding civil rights and now a leader in limiting government power
(DBN)

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Wall Street:

Wall Street smashes records ahead of heavy corporate earnings Dow closes above 38,000 for first time and S&P 500 scores back-to-back records
(DBN)

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Layoffs:

Tencent’s Riot Games Cuts 530 Jobs
(DBN)

Vroom Shares Tumble 33% After Laying Off 800
(DBN)

Prima Wawona issues layoff notices for 5,400 employees
(DBN)

Cara Therapeutics to Reduce Staff by 50%
(DBN)

AEP lays off over 250 workers
(DBN)

______________

Retailing:

Macy's takeover battle could get hostile Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
(DBN)

Walmart workers are getting raises
(DBN)

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Fraud:

Florida classic car dealer files for bankruptcy as fraud investigation widens
(DBN)

____________

History:

Almost 80 years after Holocaust, 245,000 Jewish survivors still alive...
(DBN)

____________

Media:

Facebook made a major change after years of PR disasters, and news sites are paying the price
(DBN)

____________

Utilities:

US Wind Power Is Slowly Making a Comeback After Hitting Rock Bottom
(DBN)

____________

Autos:

Vroom, Online Used Car Seller, Folds
(DBN)

Morgan Stanley: EV Momentum is Stalling
(DBN)

Toyota Chairman Predicts Battery Electric Cars Will Only Reach 30% Share
(DBN)

____________


Economy:

Americans Feel Better About the Economy. Will That Help Biden?
(DBN)

Top Economic Aide to Biden Pitches ‘Comeback’ in Hard-Hit America
(DBN)

Ethics ratings of almost all professions drop in Gallup survey
(DBN)

The absurdity of the return-to-office movement
(DBN)

Firms are on a $150 billion debt binge, borrowing at the fastest pace to start the year in 3 decades
(DBN)

U.S. debt hits record high as rich economies pile on IOUs
(DBN)

Lawmakers face next funding deadline
(DBN)

These charts show how much traffic has plunged in the Suez and Panama canals — and the potential impact on inflation
(DBN)

Facing Backlash, Some Corporate Leaders Go ‘Under the Radar’ With D.E.I.
(DBN)

Elon Musk: Diversity-based hiring is antisemitic Elon Musk, on Rehabilitation Tour, Calls Himself ‘Aspirationally Jewish’
(DBN)

Unhappy Workers Cost US Firms $1.9 Trillion
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Home sales hit rock bottom last year — now, there are signs of a rebound
(DBN)

Down and Out in American Suburbia
(DBN)

Seattle: Office giant WeWork to close Capitol Hill location
(DBN)

For Property Investors, the Price of Homes Is Still Not Right
(DBN)

National Association of Realtors Faces Competition From New Group
(DBN)

____________

Climate:

Increase in carbon dioxide levels in 2024 threatens 1.5°C target
(DBN)

Exxon sues over investors’ climate proposal
(DBN)

FEMA expands disaster aid for extreme weather events, citing climate change
(DBN)

New York City sea levels could rise a foot in next decade
(DBN)

Renewable Power Is Booming in Europe and Crashing Its Carbon Market
(DBN)

____________

Healthcare:

New York City program to wipe out $2 billion in medical debt for 500,000 residents NYC joins a growing wave of local governments erasing residents' medical debt
(DBN)

White House unveils new actions to protect contraception, emergency abortion access Biden leans into abortion, contraception as 2024 campaign strategy takes shape New Biden ad blames Trump for overturning Roe Biden says end of Roe left a ‘cruel reality’ for women in the US
(DBN)

Ohio is on the verge of becoming the 2nd state to restrict gender-affirming care for adults
(DBN)

Superbug Threatens to Kill 10 Million Per Year by 2050
(DBN)

____________

Television:

Old People Love Cable News — and They Vote
(DBN)

____________

Labor:

California State University faculty launch weeklong strike across 23 campuses CSU and faculty reach surprise tentative agreement, ending massive strike after one day
(DBN)

Southwest Airlines Pilots Approve New Contract
(DBN)

The Labor Union That Defeated Amazon Is Fighting for Survival
(DBN)

Condé Nast Union Members Launch 24-Hour Walkout Amid Layoff Talks
(DBN)

UAW Plans Mass Strike for May ......... 2028
(DBN)

____________

Radio:

Audacy Looks to Streaming Post-Bankruptcy as Audio Media Becomes Subscription-Based
(DBN)

____________

Maritime:

Red Sea Crisis: Rerouting Largest Cargo Ships
(DBN)

Chaos in the Red Sea Is Starting to Bite Into Companies’ Profits
(DBN)

____________

Television:

Creditors hit Dish with “illegal” allegations DISH Reportedly Accused of Debt Swap Fraud As Creditors Threaten Legal Action
(DBN)

____________

Politics:

Trump’s Legal Woes Splinter GOP Unity - WSJ
(DBN)

Meet the Two Competing Groups of Conspiracy Theorists Claiming to Lead the Michigan Republican Party
(DBN)

‘Our System Needs to Be Broken, and He Is the Man to Do It’
(DBN)

Trump is bleeding moderate support. It could cost him the 2024 election.
(DBN)

Sununu says Trump has ‘no energy’: ‘He can barely read a teleprompter’ Trump miscues have Dems seeking to turn tables on GOP over age, mental fitness
(DBN)

In Trump’s closing argument in New Hampshire, he sounds a lot like his lawyers
(DBN)

There Is a Very Good Reason Why Donald Trump Thinks Everything Is Rigged
(DBN)

Trump Rally in New Hampshire Plagued by Hecklers, Protests, and QAnon Chants
(DBN)

Senate GOP fears drop in Trump enthusiasm, energy
(DBN)

Trump’s verbal confusions give opening to Haley Medical experts warned Donald Trump is 'too mentally unstable to be President'
(DBN)

John Kelly goes on the record to confirm several disturbing stories about Trump
(DBN)

McCarthy: Freedom Caucus has ‘stopped Republicans from being able to govern’
(DBN)

Trump tops Haley by 19 points in New Hampshire: Poll US TV's Judge Judy courts Nikki Haley fans ahead of key vote Haley faces an existential question of her own Is Nikki Haley a moderate or a conservative? Yes. Nikki Haley sweeps first New Hampshire primary votes in midnight tradition
(DBN)

Haley on Trump: ‘This is not a coronation. This is an election.’
(DBN)

Biden seeks unlikely write-in victory in New Hampshire Fake Joe Biden robocall tells New Hampshire Democrats not to vote on Tuesday Biden write-in campaign condemns fake robocall in New Hampshire discouraging voting on Tuesday Deepfake Audio of Biden Alarms Experts in Lead-Up to US Elections No, Joe Biden Is Not Asking Democrats To Skip The Primary
(DBN)

AI is destabilizing ‘the concept of truth itself’ in 2024 election
(DBN)

Trump Posts Biggest Lead Over Biden Yet
(DBN)

Trump on mocking Haley’s birth name: ‘It’s just something that came’
(DBN)

Trump: ‘Highly unlikely’ DeSantis will end up in Cabinet DeSantis told Republicans that Trump was a terrible candidate. Then he got in line Here Are the 5 Worst Things Trump Said About DeSantis Before Florida Governor Endorsed Him Ron DeSantis got the Republican Party wrong Trump demolished Ron DeSantis after steadily hiring political operatives that DeSantis had gotten rid of
(DBN)

G.O.P. Donors Face a Dilemma as Another Trump Rival Falls
(DBN)

House GOP sets a start date for Mayorkas impeachment
(DBN)

Hispanic Caucus snub raises questions about border-Ukraine deal Senate awaits hard-fought border deal
(DBN)

Sundance Shut Down: Pro-Palestinian Protest Closes Main Street Columbia Students Allegedly Sprayed With Putrid Chemical at Pro-Palestine Rally Tempers flare over Israel-Palestine in California Senate debate
(DBN)

____________

 


New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (37 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

J&J Sets Up 3rd Talc Bankruptcy Bid by Moving Unit to Texas
(DBN)

____________

Automatic Stay:

CFPB Amicus Brief Supports FDCPA Claim for Unknowing Stay Violation
(DBN)

____________

Aviation:

Boeing, Airbus incidents have travelers asking, is it still safe to fly? Boeing’s manufacturing, ethical lapses go back decades Boeing, the No Longer Great American Company
(DBN)

The Beginning of the End for Low Cost Travel
(DBN)

No-Frills Flying Emerges as Air Travel’s Painful, Greener Future
(DBN)

Boeing’s new lobbying team prepares for a new crisis
(DBN)

____________

Crypto:

FTX Affiliate Alameda Research Drops Grayscale Lawsuit
(DBN)

FTT Bucks Market Turmoil As FTX Estate Revealed To Be Behind GBTC Sales
(DBN)

Grayscale Led the Fight for Bitcoin ETFs. Now Its Fund Is Bleeding Billions.
(DBN)

Mt. Gox repays some creditors, emails others to confirm accounts
(DBN)

____________

Food/Beverage:

From ‘Bad Vegan’ to mass restaurant closures – inside Matthew Kenney’s crumbling raw food empire
(DBN)

____________

Corporate Governance:

Women’s Boardroom Gains Keep Them Decade Away From Parity
(DBN)

____________

Education:

Larry Summers blasts Harvard over antisemitism: ‘I have lost confidence’
(DBN)

Critics Protest Harvard’s Choice to Lead Antisemitism Task Force
(DBN)

New York City Schools Will Teach About Antisemitism and Islamophobia
(DBN)

____________

UK:

Thousands of property firms on ‘brink of collapse’, warn insolvency experts
(DBN)

UK distressed restructuring: why are ESG issues important?
(DBN)

Hazlewoods welcomes new insolvency practitioner
(DBN)

Electric van maker Arrival lurches closer to insolvency
(DBN)

Adler’s €6 Billion Debt Restructuring Derailed by UK Court
(DBN)

Nottingham City Council asks government for £65m but could still be forced to make huge cuts
(DBN)

The fight to save landmarks in bankrupt Birmingham
(DBN)

London office vacancy rates to rise in City, Wharf and West End amid Wework trouble
(DBN)

Crumbling schools plagued by leaks and cold, BBC finds
(DBN)

The Loan Charge scandal explained: Everything you need to know
(DBN)

____________

Canada:

Court close to approving Metroland insolvency proposal after union drops request for delay
(DBN)

____________

Russia:

Giving Russian reserves to Ukraine would be 'elegant justice,' former World Bank chief says
(DBN)

EU Moves Ahead on Plan to Tax Profits of Frozen Russian Assets
(DBN)

Russia is threatening to retaliate against the West in equal measure if it confiscates Moscow’s frozen assets to help Ukraine
(DBN)

The Real Reason Thousands Are Fleeing Conscription in Ukraine
(DBN)

Sweden Edges Closer to Joining NATO After Turkey, Hungary Moves
(DBN)

Russian Missiles Hit Ukrainian Cities Amid Fears Over Air Defenses
(DBN)

____________

MENA:

At least 83 journalists killed in Israel-Hamas war, watchdog says
(DBN)

US sanctions target funding streams between Iran and its allies in Gaza, Iraq
(DBN)

21 Israeli troops are killed in the deadliest attack on the military since the Gaza offensive began Israel Says Its Military Has Encircled Khan Younis in Gaza
(DBN)

Netanyahu rejects terms of ‘monsters of Hamas’ for release of hostages Furious Families of Gaza Hostages Storm Israeli Parliament
(DBN)

An Isolated Israel Doubles Down on War in Gaza — At All Costs
(DBN)

Stripped, Beaten or Vanished: Israel’s Treatment of Gaza Detainees Raises Alarm
(DBN)

American, British forces carry out large-scale strikes on Houthis in Yemen
(DBN)

____________

Germany:

Over 1 million rally in Germany against rising power of far-right party Germany should hold ‘Dexit’ vote on leaving EU, says AfD leader
(DBN)

____________

India:

Madras High Court upholds validity of Section 204 IBC
(DBN)

____________

China:

Country Garden's offshore bondholders pick Kirkland for debt revamp talks - source
(DBN)

China’s Stock-Market Rout Has Become a Political Problem
(DBN)

Moody's: China Economic Pain Will be Widely Felt
(DBN)

US-listed Chinese stocks crash to decade lows as concerns about the world's second-largest economy mount
(DBN)

China's Stock Markets Have Lost Over $6 Trillion As Economic Woes Deepen
(DBN)

China Weighs Stock Market Rescue Package Backed by $278 Billion China’s Bold Stock-Market Rescue Plan Lures a Crowd of Skeptics
(DBN)

____________

Ireland:

Almost 60% of Irish firms forced to write-off bad debts last year as insolvency pressures mount
(DBN)

____________

Brazil:

Americanas Probe Circles Around Ex-CEO Now Living in Spain
(DBN)

____________

Malaysia:

Malaysia Mulls Legal Action Against Foreign Banks Over 1MDB
(DBN)

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