January 25, 2024

The Daily Bankruptcy News

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Law:

What's Behind The Bad Vibes At Biglaw Firms?
(DBN)

Top Biglaw Firm Announces Big-Time Raises, Bonuses For Associates
(DBN)

Paul Hastings boosts salaries to £173k for freshly qualified UK lawyers
(DBN)

Seyfarth Poaches Bryan Cave Partners for Restructuring Group Seyfarth Launches Transactional Restructuring & Insolvency Practice and Adds to Servicing & Special Servicing Practice with Team Located Across the Country Seyfarth Launches Restructuring Practice, Snagging Lateral Group from BCLP
(DBN)

Public Posts Mentioning Goodwin's Layoffs Keep Disappearing
(DBN)

Just How Ruthless Were These Reed Smith Firings?
(DBN)

A Partner's Time Is Suddenly Worth A Lot More In This City
(DBN)

Is It Still Worth Going To Law School? Most Law Students Don't Think So.
(DBN)

People Wrongly Believe All Lawyers Make Bank
(DBN)

NERA: 2023 Fed Court Securities Suit Filings Increased for the First Time in Four Years
(DBN)

Biglaw Partner Steps In To Become Law School's First Black Dean
(DBN)

Lawyer suspended for eight years for jury internet research
(DBN)

Should law firms focus more on work-life balance? Survey finds ‘wide gaps’ in opinions of associates, partners
(DBN)

Latest court filing could see Trump banned for life from working in New York
(DBN)

Navarro to be sentenced for contempt of Congress
(DBN)

As Supreme Court weighs Trump’s eligibility, the ‘10th justice’ stays mum
(DBN)

E. Jean Carroll may face a hefty tax bill if Donald Trump owes her money — thanks to a law he signed while president E. Jean Carroll trial delayed for a second time, postponing expected Trump testimony Trump plans to testify in E. Jean Carroll's trial. His only move would be to apologize and beg for forgiveness, experts say. Trump on deck to testify at E. Jean Carroll trial Trump Will Testify. Unless He Doesn't Donald Trump Rages at Judge Kaplan Before New York Trial
(DBN)

Donald Trump's 'Profound' Damages Payment Could Cause Bankruptcy
(DBN)

Maine’s top court dismisses appeal of judge’s decision on Trump ballot status
(DBN)

Rudy Giuliani ordered to testify under oath in bankruptcy proceedings
(DBN)

A bitter divorce battle could determine future of Trump Georgia case A Reality Check on the Fani Willis Scandal
(DBN)

In any other case, Trump lawyer Alina Habba's antics would be grounds for malpractice, ethics lawyer says
(DBN)

Proud Boys member sentenced to prison on Jan. 6 charges after insulting judge Proud Boy demands prosecutors tax returns while being sentenced to 6 years in prison Arizona brother and sister sentenced on Jan. 6 felony charge
(DBN)

In blow to Fox Corp., judge rules Smartmatic case over 2020 election lies can proceed
(DBN)

Hunter Biden benefactor defends millions in loans and close friendship Lessons learned from Hunter Biden: Careful what you put in your memoir
(DBN)

Abortion ban states have seen 65K pregnancies from rape, study estimates
(DBN)

Greg Abbott Uses 'Supreme Law' of Texas to Give Soldiers Power Over Biden Abbott doubles down on border ‘invasion’ declaration after Supreme Court blow Texas Democrat calls on Biden to seize control of Texas National Guard Texas escalates feud with federal government, telling ranchers SCOTUS ruling on razor wire not final, offering to give ranchers razor wire as migrants are now sneaking into US through private property Immigration emerges as key 2024 election wedge issue for Trump, vulnerability for Biden
(DBN)

TX congressman: 90% of small business hit by ‘illegal immigrant’ crime. What the data actually says
(DBN)

Republican Lawmaker Blames Crime for Why He Was Arrested Driving 90 MPH Drunk and Armed: ‘A Safety Measure’
(DBN)

Frustrations explode at Senate GOP lunch over border deal Lawmakers point fingers as GOP fighting endangers Ukraine aid
(DBN)

4th Circuit upholds ordinance requiring gun sellers to distribute suicide prevention information
(DBN)

Opening arguments set in Michigan mom's trial for son's school shooting
(DBN)

Homeowner guilty of murdering young woman riding car that mistakenly pulled into driveway
(DBN)

'He lost his dreams:' Father driving to new job murdered in alleged road rage incident
(DBN)

Armed group posed as police donning vests with ‘Sheriff’ on them and cars fitted with ‘blue flashing lights’ as they committed home invasion robberies
(DBN)

California woman who got high and stabbed boyfriend 108 times will not go to prison, judge rules
(DBN)

Man suspected of killing 8 people in suburban Chicago was related to most of the victims, police say
(DBN)

Minnesota trooper charged with murder in shooting of motorist during traffic stop
(DBN)

Facial recognition technology causes false arrest for Sunglass Hut, Macy's robberies: Suit
(DBN)

SCOTUS allows 1st execution by nitrogen gas for Alabama man
(DBN)

Parents of Kansas City Chiefs fan found frozen to death alongside 2 pals in friend's yard think trio was drugged, 'dragged' outside Mystery deepens as fifth friend at Chiefs gathering claims fans found frozen to death were inside watching 'Jeopardy!' when he left
(DBN)

Court: FBI Wrong to Seize Safe Deposit Boxes
(DBN)

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Judges:

Trouble in Texas: Resignations and Scandal
(DBN)

Rapoport on Judicial and Legal Ethics
(DBN)

AI Poses Ethical Risks, Could Make Lawyers ‘Lazy,’ Judges Say
(DBN)

‘Even judges are not immune to theft,’ state AG says in announcing charges against former court clerk Clerk Takes Raise Into His Own Hands By Allegedly Robbing His Judge
(DBN)

2020 Supreme Court decision offers ‘dangerous’ path for stealing election, legal scholars say
(DBN)

One-Judge Divisions Allow Gamesmanship, Politics to Infect Courts
(DBN)

A new Supreme Court case threatens to take away your right to protest
(DBN)

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Wall Street:

 

Nasdaq, S&P 500 close higher for fifth straight day
(DBN)

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Layoffs:

 

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Water:

Majority of America’s underground water stores are drying up, study finds
(DBN)

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Religion:

Religious 'Nones' are now the largest single group in the U.S. America’s nonreligious are a growing, diverse phenomenon. They really don’t like organized religion
(DBN)

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Media:

The News About the News Business Is Getting Grimmer
(DBN)

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Autos:

January Vehicle Sales Forecast: 15.4 million SAAR, Up 2% YoY
(DBN)

Tesla misses fourth-quarter revenue estimates on weak auto sales and warns of lower volume growth in 2024
(DBN)

Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers
(DBN)

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Climate:

Global warming was primary cause of unprecedented Amazon drought, study finds
(DBN)

Climate change could critically harm $253 billion US fishing industry, experts tell senators
(DBN)

Surprise! There’s a reason to be (cautiously) optimistic about the climate.
(DBN)

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Economy:

A key indicator says the Fed is still poised to cut interest rates in March
(DBN)

Americans’ bank accounts are stabilizing after inflation shock
(DBN)

Thursday’s GDP report expected to show the U.S. economy at a crossroads
(DBN)

Trump added $8.4 trillion to the national debt: Analysis
(DBN)

Bank of America sends letters threatening 'disciplinary action' to employees who aren't coming into the office
(DBN)

The stock market rally is making Americans happier. But famed economist Paul Krugman says their views on the economy are misguided.
(DBN)

Chipotle is going after Gen Z workers with new perks like help with paying off student debt
(DBN)

Climate change and conflict converge to disrupt supply chains
(DBN)

Nearly half of young adults say they are 'obsessed' with being rich, and financial consequences may ensue
(DBN)

'The new American dream is to leave': Most in the US don't believe hard work will get you ahead. Here's what some are striving for instead
(DBN)

These 25 counties have the most debt in collections in the US
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

The housing market capped off its worst year of sales since 1995. Here's how affordability, inventory, and demographics have changed in 3 decades.
(DBN)

Final Look at Local Housing Markets in December
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

AIA: "Architecture firm billings remain soft to end the year"; Multi-family Billings Decline for 17th Consecutive Month
(DBN)

SEC Wants Some Banks to Disclose More on Commercial Real-Estate Exposure
(DBN)

ICE: Mortgage Delinquency Rate Increased in December
(DBN)

Signa moved more than €300mn to René Benko-linked entities before insolvency
(DBN)

Hamptons mansion once listed for $150 million sells at auction for less than $90 million
(DBN)

San Francisco's infamous Sea Cliff mansion is selling cheap
(DBN)

$4.6 million Beverly Hills mansion overrun by hard-partying squatters — outraging neighbors
(DBN)

California insurance crisis: Another company stops offering new home policies
(DBN)

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Municipalities:

Houston mayor calls for better screening of contractors, citing 'several' mid-project bankruptcies
(DBN)

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Oil/Gas:

Biden administration reportedly pauses approval of ‘carbon mega bomb’ gas export hub
(DBN)

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Politics:

Fox News Polling Data Reveals Large Percentage of New Hampshire Republicans Won't Vote for Trump
(DBN)

Fox panelist: Trump has ‘uncontrollable narcissism and rage’ when feeling insulted
(DBN)

Trump appears to slur words while speaking about drug death penalty
(DBN)

Trump leans into voter fraud playbook, preparing to cry foul if he loses expected Biden rematch
(DBN)

Trump wants to send troops to the inner cities. A top senator wants to rein him in.
(DBN)

Top GOP senators offer Trump the softest of support
(DBN)

New book imagines U.S. if Jan. 6 uprising successful — and author fears could still happen
(DBN)

Donald Trump Fumes At Nikki Haley: 'I Don't Get Too Angry, I Get Even' Nikki Haley mocks Donald Trump 'temper tantrum' - he's 'insecure' and 'threatened' Haley presses Trump to debate: ‘Bring it Donald, show me what you got’ Trump allies target Nikki Haley in extreme pressure campaign Haley camp mocks Trump ‘meltdown,’ pitches return to ‘normalcy’ ‘I don’t see’ a path for Nikki Haley after New Hampshire primary loss, RNC boss Ronna McDaniel says 70 percent of Haley voters in New Hampshire were not registered Republicans: CNN exit poll Billionaire Reid Hoffman pauses Nikki Haley funding after New Hampshire loss to Trump: source Trump warns Haley donors will be ‘permanently barred from the MAGA camp’ Cruz predicts Haley will drop out 18 hours after South Carolina primary ‘They’ve all turned their backs on her’: Haley hosts a homecoming in a hostile state
(DBN)

New Hampshire helped set up the matchup nobody wants. Detailed data explain why.
(DBN)

Sharpton says Tim Scott’s rhetoric around Trump is ‘humiliating’ Tim Scott: ‘Trump did more for minorities than Biden will ever do’
(DBN)

New Hampshire and Iowa Reveal Broader Weaknesses for Trump Trump sees warning signs with voters ahead of November Trump keeps winning — but Never Trumpers are still feeling good
(DBN)

First lady invites Texas woman who fled state for abortion care to State of the Union
(DBN)

United Auto Workers endorses Biden ahead of likely rematch with Trump The UAW endorsed Biden — and panned Republican frontrunner Trump as a 'scab'
(DBN)

Many corporate leaders are misguided in playing down the risks of a second term for the Republican former president
(DBN)

Kari Lake calls on Arizona GOP chair to resign after reports of leaked audio After seeming to bribe senate hopeful Kari Lake not to run, Arizona GOP Chair resigns
(DBN)

House investigators scrutinize Rep. Matt Gaetz's defunct federal criminal sex trafficking probe
(DBN)

Collins, leading Senate GOP centrist, won’t endorse Trump in 2024
(DBN)

McConnell floats splitting Ukraine and border security amid GOP infighting
(DBN)

Democrats win challenge to North Carolina voter election law
(DBN)

Trump’s White House Pharmacy Handed Out Drugs Like Candy: Report
(DBN)

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Healthcare:

Nobody Care(ismatic)
(DBN)

GOP-led states revive push for Medicaid work rules as election nears
(DBN)

World health leaders warn of pandemic 20 times worse than COVID
(DBN)

Rep. Brown condemns Ohio Legislature’s override on governor’s veto of gender-affirming care ban
(DBN)

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Fraud:

Pettit victims win court battle with bankruptcy trustee over their lawsuit against 5 banks
(DBN)

Pharma Bro Martin Shkreli Lashes Out At Second Circuit Because Consequences Are Hard
(DBN)

Ex-Baltimore State’s Attorney Seeks Acquittal for Loan Fraud
(DBN)

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Social Media:

Whose Instagram Login Is It, Anyway?
(DBN)

Florida’s GOP-controlled House passes strict social media restrictions for minors
(DBN)

New York City mayor declares social media an 'environmental toxin'
(DBN)

Pennsylvania woman charged with torturing, killing animals for YouTube audience
(DBN)

Russian investor made millions off insider trading tied to Trump Media, court docs say
(DBN)

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Insurance:

Chaucer moves to block others from Vesttoo cell bankruptcy claims
(DBN)

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Retailing:

Holidays boost December US retail spending; 1 new bankruptcy
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Sandy Hook Denier Alex Jones Eyes Settlement With Families, Bankruptcy Exit
(DBN)

Johnson & Johnson agrees to pay $149.5M to settle Washington state opioid claims
(DBN)

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SCOTUS:

The Plan to Incapacitate the Federal Government
(DBN)

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Avoidance Actions:

Goodman Network’s bankruptcy trustee is trying to claw back $10s of millions in fraudulent transactions
(DBN)

Take the Cash or the Claim?: Intersection of Sections 502(h), 503(b)(9) and 547 of the Bankruptcy Code
(DBN)

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Aviation:

Brazilian Airline Gol Seeks $950 Million in Financing to Fund Itself in Bankruptcy
(DBN)

Boeing's quality control draws criticism as a whistleblower alleges lapses at factory
(DBN)

FAA lays out process for grounded Boeing aircraft to return to service
(DBN)

No, DEI isn’t making airplanes fall apart
(DBN)

Boeing CEO meets with lawmakers as 737 Max 9 scrutiny builds
(DBN)

As Pratt & Whitney engine recall leads to $1.46B loss, an airline CEO hopes for 'no more surprises'
(DBN)

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Tech:

Over half of all jobs driving the US economy could be impacted by AI, new study finds
(DBN)

AI robocall 'tip of iceberg' for election misinfo
(DBN)

Pope Francis, victim of AI, warns against its 'perverse' dangers
(DBN)

Researchers at Anthropic taught AI chat bots how to lie, and they were way too good at it
(DBN)

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Education:

Republicans call for investigation into ‘botched’ student aid rollout
(DBN)

House committee chair says Harvard's response to antisemitism probe is 'woefully inadequate'
(DBN)

Is Cornell Next? School’s Wealthy Donors Call for President’s Ouster
(DBN)

GOP begins probe of alleged antisemitism at Penn
(DBN)

Penn State Planning Nearly $100M in Budget Cuts
(DBN)

Combative billionaire Bill Ackman uses bare-knuckle boardroom tactics in a wider war
(DBN)

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Utilities:

Your home’s cleaner, better heating system comes with one major cost
(DBN)

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Crypto:

Crypto Implosions Spark Big Law With $600 Million Haul
(DBN)

New FTX bankruptcy probe should be limited and fast, judge says
(DBN)

Crypto Whales Hunt for Bargains As Bitcoin Prices Slide, Data Shows
(DBN)

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Solar:

The Rooftop Solar Industry Could Be On the Verge of Collapse
(DBN)

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Sovereigns:

African Countries Reel as Foreign Creditors Gobble Up 13% of Taxes Collected
(DBN)

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UK:

British billionaire Joe Lewis pleads guilty to insider trading, securities fraud
(DBN)

Wework dragged to court over refusal to give up lease on London Southbank office
(DBN)

Why are councils going bankrupt? Bankrupt Labour-run Birmingham council increased use of bailiffs by 500% last year leaving locals with nothing after being hounded by inspectors Havering Council warns it could soon go bust Durham council is 'nowhere near' bankruptcy - finance chief says Warning that more local councils will go bankrupt despite £500million bailout
(DBN)

Electric Van Maker Arrival On The Brink Of Bankruptcy, Holding Discussions With EY: Report
(DBN)

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EU:

Forward Thinking on Europe’s existential crisis with Marco Buti
(DBN)

Farmers protests in Europe bring France, Germany and Poland to standstill
(DBN)

‘Anti-European’ populists on track for big gains in EU elections, says report
(DBN)

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Canada:

It's official, Bad Boy Furniture is bankrupt
(DBN)

Bankrupt B.C. man transferred millions in assets to estranged wife on eve of creditor hearing: court
(DBN)

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MENA:

2 US-flagged cargo ships attacked off Yemen
(DBN)

How chaos in the Red Sea is putting the U.S. Navy to the test Senators ask Biden what legal authority he has to strike Houthis
(DBN)

Israeli hostages impregnated by Hamas rapists must decide whether to keep babies upon release
(DBN)

Israel denies attack on UN refuge in Gaza that drew rebuke from Washington
(DBN)

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Argentina:

A Nationwide Shutdown Tests Milei’s Tough Medicine for Argentina Argentine unions raise challenge to Milei with major strike, protest
(DBN)

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Russia:

Russia claims Ukraine shot down a military plane carrying Ukrainian POWs, killing 74 Ukraine responds to Russia’s accusation that it downed military plane carrying its own POWs Still unanswered questions amid Ukraine and Russia claims
(DBN)

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China:

Evergrande case could test China-Hong Kong insolvency arrangement
(DBN)

A US Congressional delegation affirms bipartisan support for Taiwan in first visit since election
(DBN)

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Germany:

Fresh German construction data latest to underscore sector's woes
(DBN)

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India:

Byju's crisis: Foreign lenders file insolvency petition against ed-tech firm, says report
(DBN)

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Venezuela:

Venezuela creditors with top priority in Citgo share auction
(DBN)

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