January 31, 2024

The Daily Bankruptcy News

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Law:

'It's Booming Right Now': Biglaw Firms Better Get In On These Corporate Debt Offerings
(DBN)

After Moderate Revenue Gains, Law Firms Plan for Growth in Both Deals and Litigation
(DBN)

Duane Morris Welcomes Business Reorganization and Financial Restructuring Partner James Billingsley in Dallas
(DBN)

Another NY lawyer faces discipline after AI chatbot invented case citation
(DBN)

U.S. News Gets In On Rating Biglaw Firms -- The Results Are A Mixed Bag
(DBN)

Lawyers viewed as more ethical than car salespeople and US lawmakers
(DBN)

Judge orders return of photographed legal documents taken by officers in raid of BLM attorney’s home
(DBN)

Accusation that naked ‘idiot’ lawyer injured Phish fan while rushing stage leads to legal discipline for writer
(DBN)

Victim advocate fired after copying district attorney’s office on ‘panties’ email
(DBN)

Biden "fine" with Trump appearing on 2024 ballot Retired conservative judge: ‘Trump disqualified himself’ from ballot If Trump is disqualified, will mayhem ensue? Trump Stays on Illinois Ballot as Board Dismisses Insurrection Challenge
(DBN)

Trump Political Action Committees Spent Some $50 Million on Legal Fees: Report
(DBN)

Trump Calls Out Judge’s Past Ties to Lawyer Who Won Carroll Case Trump Lawyer Backs off Idea That E. Jean Carroll Judge Had Conflict E. Jean Carroll on jury's $83 million Trump ruling: "They said 'enough'"
(DBN)

Prosecutor in Trump’s Georgia case reaches temporary divorce agreement and avoids testifying about Fani Willis
(DBN)

Alina Habba Panics After Opposing Counsel Reminds Her What Happens To People Who Play Stupid Games
(DBN)

NY expands legal definition of rape to include many forms of nonconsensual contact
(DBN)

Companies aren’t paying ransoms like they used to
(DBN)

Abbott says nationalizing Texas National Guard would be severe Biden ‘political blunder’ Can Biden ‘shut down’ the border right now? Hispanic Caucus urges new direction in immigration talks Greene: GOP senators backing border bill ‘willing to be traitors to our country’ How the Border Crisis Shattered Biden’s Immigration Hopes Texas mayors are fed up with Biden and Abbott’s bickering over the border Texas Gov. Abbott sends stark message to sanctuary cities as migrant crisis continues Joe Biden and Greg Abbott’s Fight Over the Texas Border, Explained Texas Border Standoff With Feds Intensifies as Potential for 'Tragedy' Looms Troubling echoes of the American Civil War in small-town Texas Democrats lean in on border security as Republicans scuttle deal
(DBN)

DOJ investigating Cori Bush’s campaign for spending on security services Democrat Cori Bush Confirms DOJ Probe, Calls Claims ‘Simply Not True’
(DBN)

After long fight, Texas AG Paxton could soon be forced to break silence in court Texas Supreme Court pauses depositions in Paxton whistleblower case
(DBN)

How the nation’s capital became an outlier on violent crime
(DBN)

ACLU warns Supreme Court that lower court abortion pill decisions relied on "patently unreliable witnesses"
(DBN)

Florida bars transgender people from changing the sex on their driver's licenses
(DBN)

California man who tried to blame his twin brother for two rapes is sentenced to 140 years
(DBN)

Ohio man who firebombed church for hosting drag events sentenced
(DBN)

Son, 32, arrested after ‘holding dad’s decapitated head’ in horrifying YouTube video after chilling anti-Biden tirade
(DBN)

New York brothers face 130 charges over huge weapons stash and celebrity 'hit list'
(DBN)

Alabama ready to help other states with ‘humane’ nitrogen executions after gas caused inmate to ‘shake and writhe’
(DBN)

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Judges:

Sotomayor says she feels ‘frustration’ daily as conservative justices move US to right Justice Sotomayor says she’s tired and working harder than ever, but she’s not giving up
(DBN)

In Trump Cases, Former Judge Luttig Feels Responsibility to Set the Constitution Straight
(DBN)

Supreme Court Justices Are Absolutely Not Above Politics
(DBN)

Glassdoor For Judges: Clerkship Transparency Effort Gains Momentum
(DBN)

US Senate confirms 40th appellate judge under Biden
(DBN)

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Wall Street:

Nasdaq-100 futures slide, Alphabet and Microsoft shares drop after results
(DBN)

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Layoffs:

UPS to cut 12,000 jobs after post-pandemic losses and rising labor costs UPS to cut 12,000 jobs as delivery demand slows
(DBN)

Nomura Dismisses 60 Staffers as Market Outlook Spurs Caution
(DBN)

Microsoft lays off most of Activision Blizzard esports organization
(DBN)

American to Fire 320 Employees in DFW
(DBN)

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Politics:

Key Biden ally warns U.S. could plunge into "what Germany fell into in 1932"
(DBN)

Who will win the 2024 US presidential election?
(DBN)

After three years, Biden goes all-in on the T-word
(DBN)

Fox News Is Scared as Hell of Taylor Swift Endorsing Joe Biden Trump Allies Pledge ‘Holy War’ Against Taylor Swift Taylor Swift, Travis Kelce, and a MAGA Meltdown Right-wing media figures target Taylor Swift with absurd conspiracy theory ahead of the Super Bowl "Stick to singing": MAGA backlash against Taylor Swift gets ugly
(DBN)

Advocacy group for retirees endorses Biden in reelection bid
(DBN)

Mayorkas mounts 11th-hour defense against GOP impeachment effort GOP’s Mayorkas impeachment articles come under microscope House GOP votes to advance effort to impeach Mayorkas House Democrats close ranks against "bulls**t" Mayorkas impeachment
(DBN)

Speaker Johnson not dismissing border deal to help Trump: ‘That’s absurd’
(DBN)

Haley campaign hits back at Team Trump with ‘Mean Girls’ meme Griffin Expresses Doubt Haley Can Win Republican Nomination Investor Tim Draper Says He Will ‘Absolutely’ Keep Funding Haley Nikki Haley's long-shot bid to stop Trump may depend on the unlikeliest of allies: South Carolina Democrats Haley's Hail Mary strategy depends on open primaries
(DBN)

Disturbing Bill Would Let Arizona Legislators Ignore Election Results
(DBN)

Michigan’s GOP Chair Drama Takes Another Nasty Turn
(DBN)

RNC seeking new credit line to help climb out of money hole
(DBN)

Trump dives into a Texas political feud with his latest endorsement
(DBN)

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Utilities:

Puerto Rico Utility’s Future Revenue At Risk in Bondholder Fight
(DBN)

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Crypto:

German Authorities Seize $2 Billion Worth of Bitcoin
(DBN)

Crypto heads toward 2024 election with $85 million war chest
(DBN)

Terraform Labs Says Bankruptcy Filing 'Critical' In Its SEC Lawsuit Appeal
(DBN)

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Economy:

Job openings ticked up in December, in sign of steady labor market US Job Openings Rebound Above 9 Million, Highest in Three Months BLS: Job Openings Little Changed at 9.0 million in December
(DBN)

'Black Swan' author Nassim Taleb says the US is heading for a debt 'death spiral'
(DBN)

Strategist: Unemployment to Double This Year
(DBN)

No doom and gloom: Global recession risk has receded, IMF says
(DBN)

U.S. winning world economic war
(DBN)

Fed Swaps Trim Odds of a March Rate Cut to About One in Three
(DBN)

Consumer confidence hits highest level in 2 years
(DBN)

Whirlpool Warns of Softness in 2024 as Consumers Pull Back on Spending
(DBN)

Why a Donald Trump presidency could cause an inflation spike
(DBN)

House Republicans rage as leaders back bipartisan tax deal House GOP infighting threatens to derail vote on bipartisan tax package
(DBN)

57% Can't Afford a $1,000 Emergency
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

HVS: Q4 2023 Homeownership and Vacancy Rates
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey Weekly mortgage demand drops as buyers struggle to find affordable homes
(DBN)

Fannie and Freddie: Single Family Serious Delinquency Rate Increased Slightly, Multi-family Unchanged in December
(DBN)

The US housing market has ended a 9-month streak of price gains US Home-Price Growth Slows as High Mortgage Rates Squeeze Demand
(DBN)

Case-Shiller: National House Price Index Up 5.1% year-over-year in November Comments on November Case-Shiller and FHFA House Prices
(DBN)

The Real-Estate Downturn Comes for America’s Premier Office Towers - WSJ
(DBN)

PREIT Chapter 11 Bankruptcy Plan Confirmed and Detailed
(DBN)

Billionaire Sternlicht Sees $1 Trillion Loss in Office Values
(DBN)

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Municipalities:

Oregon Leaders Declare Drug Emergency in Portland
(DBN

The Bankruptcy Of Puerto Rico Will Exacerbate The Difficulties In Recovering From Hurricanes – Here’s The Explanation.
(DBN)

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Oil/Gas:

The great American natural gas reckoning is upon us
(DBN)

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Newspapers:

Wall Street Journal plans layoffs, restructuring in D.C.
(DBN)

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Tech:

Hurd says he was ‘freaked out’ by briefing while on OpenAI board
(DBN)

Why We Should Be Skeptical of Elon Musk’s Neuralink Implant Claims
(DBN)

Big Tech-dominated stock market has shades of dot-com bubble
(DBN)

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Autos:

The case against Elon Musk's $56 billion pay package Musk’s $55 Billion Pay Package Voided, Threatening World’s Biggest Fortune Elon Musk’s $56 billion Tesla pay package in limbo after court voids it Judge voids Elon Musk’s $56B Tesla pay package: ‘An unfathomable sum’
(DBN)

EV Stocks Were Once Worth $100 Billion. Now They Face a Bleak Future
(DBN)

Europe’s Biggest Car Market to See First EV Slump Since 2016
(DBN)

Owning a Car Becomes Unaffordable for Many
(DBN)

General Motors wows investors with quarterly revenue that’s about $4 billion above consensus
(DBN)

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Forest Products:

Arizona Lumber Firm Billed as Sustainable Goes Bankrupt
(DBN)

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Maritime:

UK Navy Warns of Piracy Menace to Ships in the Indian Ocean
(DBN)

Carnival Reroutes Red Sea Cruises as Houthi Attacks Persist
(DBN)

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Climate:

Texas Oil Regulators Ask State to Sue EPA Over Methane Rule
(DBN)

Europe has a new highest recorded temperature at nearly 120°F in Sicily
(DBN)

Alaska sees record 8ft 'pandemic of snow' in just two months as roofs collapse
(DBN)

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Accounting:

KPMG UK Partners Remain Lowest Paid of Big Four at £746,000
(DBN)

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Fraud:

Jury Begins Deliberating in Sotheby’s Art Fraud Case
(DBN)

Job scams skyrocket
(DBN)

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Ride Hailing:

GM to cut spending by $1 billion on robotaxi unit Cruise in 2024
(DBN)

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Insurance:

Vesttoo bankruptcy case: Creditors accuse Chaucer of “lying in wait”
(DBN)

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Personal Finance:

We're DINKs struggling to make ends meet — our 6-figure salaries aren't enough to support our lifestyle anymore
(DBN)

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Healthcare:

Good vibes for hospitals on Wall Street
(DBN)

US Syphilis Cases Rise to Highest Level in More Than 70 Years
(DBN)

Texas AG seeks transgender records in Georgia as part of his wider probe
(DBN)

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Television:

Dish Parent EchoStar Kills Set of Distressed Debt Swaps
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (120 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Discharge:

Florida Bankruptcy Court Sanctions Debt Buyer for Seeking to Collect Debt that Consumer Failed to Schedule in Bankruptcy Case
(DBN)

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Avoidance Actions:

A Tenth Circuit Primer On Statutes of Limitations for Fraudulent Transfer Claims Under § 544(a)&(b) (In re Stone Pine)
(DBN)

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Mass Torts:

How Do Bankruptcy Grifters Destroy Value in Mass Tort Settlements? In re Purdue Pharma as a Bargaining Failure
(DBN)

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Aviation:

Brazilian Airline Gol Extends Rout as Traders Dump Stock Before Delisting Brazil’s Gol Airlines Granted Court Approval for USD350 Million Bankruptcy Loan
(DBN)

JetBlue Forecasts Sales Decline as Carrier Faces Heavy Costs
(DBN)

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Corporte Governance:

Texas is throwing down a legal challenge to Delaware
(DBN)

Is It Ever Too Early To Engage A Corporate Governance Expert?
(DBN)

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Education:

Griffin Says He Won’t Support Harvard Financially Unless Changes Are Made
(DBN)

A teacher has gone viral for charging third-graders 'rent' and letting them spend fake money on homework passes
(DBN)

Virginia Moves to End Legacy Admissions at Its Public Universities
(DBN)

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Labor:

Private sector unionization rates actually grew in 2023
(DBN)

UAW president fires back after Trump calls him a ‘dope’ Trump meets with Teamsters as he looks to peel off union voters from Biden
(DBN)

Musk’s X Claims Right to Fire Worker Who Protested RTO Policy, Citing Insubordination
(DBN)

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Media:

Is American Journalism Headed Toward an ‘Extinction-Level Event’?
(DBN)

The Messenger fighting to avoid shutdown as CEO scrambles to secure funding: sources
(DBN)

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UK:

Timing, disclosure and fairness: lessons from the Adler judgment
(DBN)

Number of companies going bust hits 30-year high R3 responds to the 2023 annual insolvency statistics
(DBN)

Thames Water Creditors Fear Being Stranded by UK Rule Change
(DBN)

East London council edging closer to bankruptcy as it asks for £54m loan to keep going Havering Council edges closer to bankruptcy.
(DBN)

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EU:

Trump Presidency May Mean Tariffs for Europe, Lagarde Tells CNN
(DBN)

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MENA:

Sharp Teeth: Civil and Criminal Liability for Officers and Directors of Insolvent Saudi and UAE Companies
(DBN)

IMF Says Israel’s Growth to Slow Heavily as Hamas War Drags On
(DBN)

Biden says he's decided how to respond to deadly Jordan attack Militia Accused of Killing American Soldiers Suspends Attacks on U.S. US: 'Multiple actions' likely in response to Jordan strike The U.S. and Iran say they don't want a war, but the risks are mounting as Biden readies retaliation Joe Biden's Choices in Iran
(DBN)

Israeli Military Confirms It Has Begun Flooding Hamas Tunnels
(DBN)

Bibi's top confidant to visit White House for talks on Gaza war
(DBN)

Israel Rules Out Freeing Thousands of Prisoners in Hostage Deal A Crucial Negotiation for the Safe Return of Hostages in Gaza Family members of Hamas hostages storm into Israeli parliament
(DBN)

Israel eyes longshot plan of exile for some Hamas leaders
(DBN)

Congress ruptures on growing Middle East conflict
(DBN)

UK considering recognizing Palestinian state, says David Cameron
(DBN)

UN Agency’s Alleged Hamas Links Create Existential Risk in Gaza Abolish the U.N.’s Palestinian Refugee Agency Democrats talk UNRWA alternatives with Israeli official
(DBN)

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China:

China Evergrande's financial mess isn't over Is this the end of Evergrande? Here’s what may happen next
(DBN)

Zhongzhi Enterprise bankruptcy shakeout: Is domino effect unfolding?
(DBN)

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Russia:

New US-made longer-range bomb expected to arrive as soon as Wednesday in Ukraine
(DBN)

Ukraine hopes to avoid economic doomsday of not getting Western financial aid
(DBN)

CIA director says cutting off U.S. aid to Ukraine would be a mistake of 'historic proportions'
(DBN)

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Argentina:

IMF Sharply Cuts Argentina’s Growth Forecast on Milei’s Policies
(DBN)

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Venezuela:

Venezuela to Stop Accepting US Deportees If Sanctions Renewed US reimposes sanctions on Venezuela for banning Maduro opponents
(DBN)

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South Africa:

IMF Cuts South Africa 2024 Growth Forecast
(DBN)

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Greece:

Greece Gets Record Demand for First New Bond Since Regaining Investment Grade
(DBN)

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India:

IBC reforms may improve NPA recovery, says Ind-Ra
(DBN)

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