January 3, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

No. 2 Biglaw Firm In America Announces New Salary Scale For Associates
(DBN)

By the Numbers: Four Practices To Power Big Law Growth in 2024
(DBN)

Cole Schotz Announces Two New Restructuring Members
(DBN)

Sheppard Mullin Appoints Kevin Cloutier to Managing Partner Role
(DBN)

Andrew M. Thaler Joins Cullen and Dykman’s Bankruptcy and Creditors’ Rights Department
(DBN)

The Incredible, Shrinking Ranks Of Biglaw Equity Partnership
(DBN)

BK Pros Weigh In. Part IV
(DBN)

US law firm mergers ticked up last year as more deals loom for 2024
(DBN)

ATL Holiday Card Contest: The Winner! (2023)
(DBN)

Girardi Deemed Competent to Stand Trial in Criminal Fraud Case Disgraced attorney Tom Girardi, 84, is deemed fit to stand trial for stealing $18M from clients despite Alzheimer's diagnosis - paving way of ex of RHOBH star Erika Jayne to face jury this year
(DBN)

Seriously, Don't Let Steamboat Willie Get You Sued
(DBN)

The Supreme Court's Affirmative Action Ban Really Gummed Up The Law School Admissions Process
(DBN)

BigLaw firm’s motion was copied ‘nearly verbatim,’ boutique firm alleges in copyright lawsuit
(DBN)

Law Firms Taken Aback By The Impact Of AI And The Rise Of Exclusions On Their Cyberinsurance Policies
(DBN)

By the Numbers: Six AI Questions for In-House Counsel in 2024
(DBN)

Profs trade notes as law schools write generative AI policies
(DBN)

Fake citations in legal brief were generated by Google Bard AI program, says ex-Trump lawyer Michael Cohen
(DBN)

Rudy Giuliani’s creditors may join forces to collect following bankruptcy bid
(DBN)

Will Trump’s disqualification case be Bush v. Gore for 2024? Maggie Haberman says Trump is worried Supreme Court may rule against him on ballot removals Press: It means what it says: Trump is not eligible Trump appeals ruling barring him from primary ballot in Maine CNN anchor asks GOP guest 7 times why Trump ballot decision was wrong Barr says efforts to boot Trump from primary ballots ‘doomed to legal failure’
(DBN)

Trump rails against Liz Cheney, Jack Smith in post on immunity claim Former White House ethics lawyer says Trump will ‘very swiftly’ lose immunity claim Taking ‘legal long shot,’ Trump’s lawyers point to impeachment judgment clause in immunity argument Donald Trump’s Immunity Argument Contradicts Framers’ Intent Federal judge swiftly rejects Trump immunity claims in Jan. 6 lawsuit
(DBN)

Wrongful death claim dismissed against Trump, others in Brian Sicknick suit
(DBN)

Trump defense strategy in January 6 case may go beyond trying to delay trial, court filings reveal
(DBN)

Prosecutors seek 6 months in jail for rioter who became subject of false conspiracies Convicted Jan. 6 rioters demand freedom from prison sentences while SCOTUS debates appeal
(DBN)

Judge Drops Most—but Not All—Counts in Trump’s Jan. 6 Civil Case
(DBN)

Special Counsel Jack Smith Heaves Heavy Sigh, Deals With Trump's Dumb Shit Double Jeopardy Argument
(DBN)

Federal appeals court denies Trump’s effort to delay E. Jean Carroll civil trial
(DBN)

When It Comes to Donald Trump, the Supreme Court Has One Job
(DBN)

Michael Cohen can’t hold Donald Trump liable for retaliatory imprisonment, an appeals court says Michael Cohen loses appeal in civil rights lawsuit against Trump and Barr over jailing
(DBN)

Epstein Flight Logs A judge is set to unseal the names of over 170 Jeffrey Epstein associates. Many of them are his victims. What to know about list of unsealed names in Jeffrey Epstein case Dershowitz on Epstein docs: ‘I want everything out’
(DBN)

Jonathan Turley Says He Was Swatted, Offers Thoughts And Prayers For Himself
(DBN)

US women are stocking up on abortion pills, especially when there is news about restrictions Texas can ban emergency abortions despite federal guidance, court says
(DBN)

Iowa Judge Tosses Book Ban That Would Have Barred The Use Of Pronouns In Schools
(DBN)

Judge rules former clerk who refused to issue marriage licenses must pay $260,000 in fees, costs
(DBN)

House GOP to begin 2024 with focus on border US Asks Supreme Court for Permission to Remove Border Fencing DOJ urges U.S. Supreme Court to let Border Patrol cut Texas' razor wire Biden administration says official border crossings are reopening this week NYC Says Texas Governor Is Skirting Order Limiting Migrant Buses
(DBN)

New California law banning guns in most public places takes effect
(DBN)

Man once seen as victim of murder-for-hire plot now prime murder suspect in wife's death
(DBN)

Horse show producer sent to prison for trying to hire hitman to kill her estranged husband
(DBN)

Florida woman files $5 million lawsuit against Hershey over faceless Reese's pumpkins
(DBN)

Police say they caught would-be burglar who used rideshare app to leave crime scene
(DBN)

“Criminal Enterprise” Scientology Should Face RICO Charges, Danny Masterson Accusers Say
(DBN)

Chicago isn’t liable for bicyclist injured by pothole on road that wasn’t designated bike route, court rules
(DBN)

LaPierre, Longtime NRA Leader, Faces Trial That Could End His Reign What to know about NRA trial that could topple Wayne LaPierre
(DBN)

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Judges:

Ex-bankruptcy judge moves to stop lawsuit that led to his resignation
(DBN)

Man forces way into Colorado Supreme Court days after Trump ballot decision Man breaks into Colorado Supreme Court overnight and opens fire, police say Suspect In Custody After Opening Fire At Colorado Supreme Court
(DBN)

Judge allows Mississippi to create state-run court in Black-majority capital city
(DBN)

John Roberts Once Again Uses Judiciary's Annual Report To Express His Utmost Contempt For The Public
(DBN)

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Wall Street:

Nasdaq futures fall a second day following worst session since October, Apple declines again
(DBN)

US stocks kick off 2024 with losses as mega-cap tech drags down broader market
(DBN)

Lazard Hires Former Onex, Rothschild Restructuring Bankers in Revenue Push
(DBN)

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Layoffs:

Texas Sees Increase in Mass Layoffs
(DBN)

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Climate:

2023 Expected to Be Hottest Year on Record The world's hottest year may soon be an average one
(DBN)

Great Lakes start year with smallest amount of ice in half century
(DBN)

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Utilities:

US water utilities targeted by foreign hackers, prompting calls for cybersecurity overhaul
(DBN)

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Economy:

The economic mega-themes to watch in 2024
(DBN)

Baby boomers did one big thing we should all be grateful for
(DBN)

US national debt tops $34T for first time in history
(DBN)

Bill Ackman just posted a 4,000-word essay at 2 a.m. cataloging his arguments on why DEI needs to die
(DBN)

The US beat out China as South Korea's top export market for the first time in 2 decades
(DBN)

New Year, Same Government Shut Down Drama
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

US office buildings face $117BN debt time bomb: Mortgages due this year threaten to sink US economy as thousands of workplaces remain empty
(DBN)

MBA: Mortgage Applications Decreased Over a Two-Week Period in Latest Weekly Survey
(DBN)

Millennials have found a way to buy houses: Living with mom and dad
(DBN)

What will happen with house prices in 2024?
(DBN)

Manhattan Home Prices Rise in Early Sign of a Market Rebound
(DBN)

Troubled New York CCRC Set to Change Hands After Bankruptcy
(DBN)

Few are working full-time in the office anymore, but some argue it’s nowhere near a ‘real estate recession’ in Philly
(DBN)

Frontdesk lays off staff and faces collapse
(DBN)

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Municipalities:

A City Disappeared
(DBN)

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Oil/Gas:

2023 May Have Been the U.S. Oil Industry’s Best Year Yet
(DBN)

EVs, Lead by Tesla, Takes 82% of Sales in Norway
(DBN)

Earthquakes in Texas Oil Country Are On the Decline After Crackdown on Shale Drillers
(DBN)

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Politics:

Congress faces crisis at home and abroad as 2024 deepens partisan division
(DBN)

Trump paid me to find voter fraud. Then he lied after I found 2020 election wasn't stolen Voter data expert hired by Trump campaign says 2020 election was not stolen
(DBN)

One-third of adults in new poll say Biden’s election was illegitimate
(DBN)

How death threats get Republicans to fall in line behind Trump
(DBN)

Majority in new poll say Jan. 6 was attack on democracy that should never be forgotten Fewer Republicans say Trump bears responsibility for Jan. 6: Poll
(DBN)

Republicans’ Narrow Control of House Sets Up Barnburner in 2024
(DBN)

House GOP majority to shrink to 2 with Ohio lawmaker’s early resignation
(DBN)

Biden and Trump are poised for a potential rematch that could shake American politics
(DBN)

Trouble with tha God
(DBN)

Joe unplugged: Biden fundraisers clash with US script, please donors
(DBN)

House Republicans stew over members who caused upheaval
(DBN)

Democrats fear electoral bloodbath in North Carolina
(DBN)

Boebert faults Ryan Reynolds, Barbra Streisand for her district switch
(DBN)

Ramaswamy doubles down on vow to withdraw from Maine, Colorado ballots
(DBN)

Democrats say Republican running for Santos seat was ‘handpicked’ by ‘MAGA extremists’
(DBN)

Feds add allegations of Qatari influence against indicted Sen. Bob Menendez
(DBN)

2 Trump-aligned GOP operatives face foreign agent charges for helping Qatar
(DBN)

Bannon predicts ‘big fight’ over Haley as possible Trump VP pick
(DBN)

The GOP’s most Trump-skeptical bloc starts falling in line
(DBN)

Authorities expanding investigation into Florida GOP chair accused of rape
(DBN)

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Entertainment:

More people are canceling their streaming services as companies like Netflix, Amazon, and Disney hike prices
(DBN)

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Crypto:

The Crypto Con
(DBN)

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Tech:

6 setbacks for Elon Musk in a brutal 2023
(DBN)

Millions of Americans could lose internet aid months before the 2024 election
(DBN)

Apple stock will fall 17% over the next year as iPhone demand cools, Barclays says in downgrade note
(DBN)

How copyright law could threaten the AI industry in 2024
(DBN)

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Maritime:

Italian container line Kalypso files for bankruptcy
(DBN)

Maersk suspends shipping through key maritime route Red Sea ‘until further notice’
(DBN)

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Media:

Hannity announces move to Florida from New York: ‘I am done’
(DBN)

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Autos:

The Rise of Tesla: Model 3 and Y Dominate Global EV Sales
(DBN)

Tesla Fires New Salvo at Ex-Worker Bankrupted After Feud With Elon Musk
(DBN)

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Insurance:

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

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Maritime:

Saving the Panama Canal Will Take Years and Cost Billions, If It’s Even Possible
(DBN)

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Food/Beverage:

An 8-unit McDonald's franchisee declares bankruptcy
(DBN)

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Radio:

Report: Audacy Preparing To File For Bankruptcy Within Weeks.
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Experts Predict ‘Big Year for Insolvency’ in 2024
(DBN)

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Third Party Releases:

Are Gate-keeper Provisions in Chapter 11 Confirmation Orders a Stopgap for Nonconsensual Third-Party Releases?
(DBN)

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Mass Torts:

California Franciscan Friars File Bankruptcy Amid Abuse Suits Franciscan Friars of California File for Chapter 11 Bankruptcy California friars file for bankruptcy in wake of nearly 100 cases of child sex abuse
(DBN)

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Crisis Management:

From Chaos to Cohesion: Effective Communications Strategies for Organizational Restructurings
(DBN)

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D&O:

The Top Ten Stories in D&O of 2023
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Negotiation:

The Handshake: A Negotiating Tool? (A Study)
(DBN)

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Aviation:

How did nobody die on the burning Japan Airlines plane? Modern safety features and great training Japan Airlines Flight Was Cleared to Land Before Fiery Tokyo Collision The Miracle at Haneda
(DBN)

16-year-old flying solo on Frontier Airlines ends up in Puerto Rico instead of Ohio
(DBN)

Man found dead at Salt Lake City airport after climbing inside jet engine
(DBN)

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Tech:

We asked top AI chatbots for their predictions for 2024... and they produced some very alarming results
(DBN)

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Education:

Harvard president resigns after antisemitism hearing and plagiarism probe Harvard president's resignation draws strong reactions from her critics and supporters Harvard governing board, activists say former president was a victim of racism How the Right Toppled Harvard’s President Harvard granted extension to respond to House on plagiarism scandal What Harvard Should Learn From Claudine Gay’s Resignation Read Claudine Gay's letter announcing her resignation as Harvard's president Harvard President Claudine Gay’s resignation ‘just the beginning of reckoning’ amid House antisemitism probe : Stefanik
(DBN)

Billionaire megadonor suspends donations to Harvard
(DBN)

How one hearing brought down two Ivy League presidents
(DBN)

Bill Ackman is now turning his focus to MIT's president after Harvard and Penn's resign
(DBN)

To punish UPenn over antisemitism, Pennsylvania House Republicans block vet school funding
(DBN)

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Healthcare:

SmileDirectClub customers left hanging after bankruptcy filing
(DBN)

Nurse allegedly caught swapping saline into opioid vials explained: 'I hear voices'
(DBN)

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Sovereigns:

Argentina Says IMF to Visit Thursday to Restart $44 Billion Deal
(DBN)

Zambia’s comparability conundrum
(DBN)

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UK:

Sheffield council leader addresses ‘bankruptcy’ fears amid huge funding challenges
(DBN)

UK accounting watchdog probes accountant at bankrupt Thurrock Council
(DBN)

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EU:

EU heading for crisis: Situation 'really bad' in Europe's largest economy
(DBN)

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China:

Chinese factory activity slows in December in a third straight month of contraction
(DBN)

China’s Workers Suffer Biggest Drop in Hiring Salaries on Record
(DBN)

Chinese women are fed up with Xi Jinping's attempts to make them have more and more kids
(DBN)

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MENA:

Israel kills top Hamas leader in Beirut What to know about Saleh al-Arouri, the top Hamas official killed in Beirut Killing of senior Hamas leader in Lebanon stokes fears of Gaza war spreading beyond enclave
(DBN)

Israel warned Hezbollah's huge 'attack tunnel' system 'more sophisticated' than Hamas's
(DBN)

The end of the Hamas military-industrial complex
(DBN)

US rebukes ‘irresponsible’ comments from Israeli ministers US Rebukes Two Israeli Ministers Over Calls to Resettle Palestinians From Gaza Strip
(DBN)

Sanders calls for end of US funding for Netanyahu’s ‘immoral’ war
(DBN)

Turkey Detains Alleged Israel Spies as Ties Sour Over Hamas
(DBN)

Only 15% of Israelis want Netanyahu to keep job after Gaza war Netanyahu boxed in by fierce pressure over war, politics, budget
(DBN)

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Russia:

Sanctions have not crushed Russia because it's not a state-run economy as the West's 'fairy tales' suggest, says a Russian economist
(DBN)

Russia Hits Kyiv With Heavy Missile Attack
(DBN)

Ukraine's military claims the Kinzhal missile Putin bragged is unbeatable just suffered a major defeat
(DBN)

Ukraine's dwindling supply of Leopard 2 tanks aren't being repaired because Europe doesn't have enough spare parts, German politician says
(DBN)

For 40 Years, This Russian Family Was Cut Off From All Human Contact, Unaware of World War II
(DBN)

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Hong Kong:

Insolvency in a modern age – Official Receiver filing changes now in force in Hong Kong
(DBN)

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Bahamas:

The Bahamas issues Practice Direction for adoption of Judicial Insolvency Network (‘JIN’) Guidelines for use of Joint Hearings in Cross-Border Insolvency Proceedings
(DBN)

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Germany:

Situation Bad in Germany's Economy
(DBN)

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Turkey:

Turkish inflation climbs to nearly 65%, with more rises expected
(DBN)

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France:

Atos plea to creditor banks could backfire
(DBN)

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