January 4, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firms Need To Get Real When Weighing Their Merger Options
(DBN)

Ballard Spahr New Chair Seeks Growth Through Mergers, Hires
(DBN)

Ballard Spahr Bankruptcy Attorney Elevated to Of Counsel
(DBN)

Am Law 100 Firm Offers ZERO Year-End Bonus 'Without Any Acknowledgement'
(DBN)

Major Lindsey Asked About Buying Unfiled Claim Amid Efforts to 'Bury' Litigation With Ex-Recruiter, Memo Says
(DBN)

Biglaw Firm To Offer Reduced Work Schedule -- With Reduced Pay, Of Course
(DBN)

While the Phenomenon Is Gone From the Headlines, Quiet Quitting Is Still Happening
(DBN)

Jack Smith Keeps Telegraphing Some Seriously Scandalous Trump Crimes
(DBN)

Meadows beefs up legal team, asks appeals court to rehear bid to move Georgia charges
(DBN)

Former president appeals to SCOTUS over Colorado ruling kicking him off 2024 ballot Trump, 14th Amendment put Supreme Court on the spot Trump's Colorado appeal may force US Supreme Court to rule on his future Trump’s lawyer confirms his concern about Supreme Court ballot ruling Supreme Court’s treatment of Trump could play decisive role in 2024 Trump’s Ballot Fight Plunges the Supreme Court Into the 2024 Election
(DBN)

Trump claims his acts 'can never be examinable by courts' ahead of historic appeals fight
(DBN)

First Republican Rep Could Soon Follow Trump in Getting Removed from Ballot
(DBN)

Trump Lawyers Run Out Of Bad Arguments, Move On To Terrible Ones In Immunity Appeal
(DBN)

Feds seek max jail sentence for Trump supporter targeted by 'false flag' Jan. 6 claim
(DBN)

Former Guard Official Says Army Retaliated for His Account of Jan. 6 Delay
(DBN)

The Trump campaign embraces Jan. 6 rioters with money and pardon promises
(DBN)

Majority in new poll say Jan. 6 was attack on democracy that should never be forgotten
(DBN)

Who would lend millions to Hunter Biden? Meet the Hollywood lawyer who has
(DBN)

Bomb threats force evacuation of state capitols across U.S. Bomb threats lead to brief lockdowns and the evacuation of multiple state capitols
(DBN)

Florida man charged with threatening to kill Rep. Eric Swalwell and his children
(DBN)

Michael Cohen's lawyer asks court to spare sanctions over made-up cases
(DBN)

Rudy Giuliani, once ‘America’s mayor’, had a very bad year
(DBN)

Trump’s Lawyers Keep Pretending New E. Jean Carroll Trial Is a Redo. It’s Not.
(DBN)

Epstein court documents unsealed Epstein's Court Papers-the Entire Document Jeffrey Epstein's web: Search through more than 1,700 associates that the well-connected pedophile listed in 2 little black books Jeffrey Epstein 'victim' Johanna Sjoberg claims predator told her 'Clinton likes them young' in bombshell newly-released court documents Jeffrey Epstein ‘planned to visit Donald Trump in Atlantic City’ These Are the Men Named in the New Epstein Documents Epstein accuser says Prince Andrew groped her, documents show Court records related to Jeffrey Epstein are set to be released, but they aren’t a client list Jeffrey Epstein said if he revealed ‘what I know about both candidates,’ 2016 election would have to be canceled: brother
(DBN)

5th Circuit: Federal Law on Emergency Abortions Invalid in Texas Emergency rooms not required to perform life-saving abortions, federal appeals court rules
(DBN)

DOJ sues Texas alleging new immigration law is unconstitutional
(DBN)

US Military Academy at West Point can continue to consider race in admissions, judge rules
(DBN)

Jimmy Kimmel threatens to sue Aaron Rodgers over Epstein comments ESPN’s McAfee apologizes for role in Rodgers’ comments about Kimmel
(DBN)

Schumer: Negotiators ‘closer than we have been’ on border deal White House tries to flip the script on House Republicans over border crisis
(DBN)

Ohio Woman Who Miscarried Faces Charge That She Abused Corpse
(DBN)

High-end sex ring in Boston and D.C. areas was 'honeypot' scheme by Russia, China, South Korea or even Israel - to ensnare US officials, intelligence experts believe
(DBN)

Illinois Court's 'Allowed But Not Intended' Distinction Greenlights Hurting Cyclists With Potholes
(DBN)

Worker Sues Over Litigation Funding He Claims He Didn’t Agree To
(DBN)

Man admits helping wife evade police for months after she executed colleague at work
(DBN)

Man executed wife in front of kids over alleged affair, called police and confessed: Cops
(DBN)

Oral surgeon who injected sleeping girlfriend with ketamine sentenced to decades in prison
(DBN)

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Judges:

Notice of Vacancy - U.S. Bankruptcy Judge, Charlotte, N.C.
(DBN)

Ex-bankruptcy judge claims immunity in suit alleging he retaliated against litigant who revealed romance Scandal-Ridden Former Federal Judge Seeks To Squash Lawsuit That Started It All
(DBN)

Judge’s suspension will end his career as elected judge; he coerced pleas, demeaned litigants, court says
(DBN)

Gunman fleeing crash arrested after breaking into Colorado Supreme Court building
(DBN)

Clarence Thomas Can Take Bribes Because He Grew Up Poor, Declares Professor
(DBN)

Vegas judge attacked in court Nevada judge attacked by airborne defendant during sentencing in Vegas courtroom
(DBN)

Chief Justice John Roberts’ AI Report Reads Like an Old Robot Wrote It
(DBN)

Connecticut Judges Faced 1,967 Complaints of Wrongdoing Since 2006
(DBN)

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Wall Street:

Futures edge up ahead of jobs data, Apple slips
(DBN)

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Layoffs:

AI Is Coming for the Influencers
(DBN)

Xerox to cut another 15 percent
(DBN)

Global Benefits Group Warns of Possible Mass Layoffs in Miami
(DBN)

Blue Shield of California lays off 140 employees
(DBN)

Big banks cut 62K positions in 2023: report
(DBN)

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Tech:

ChatGPT had a high error rate for pediatric cases
(DBN)

Silicon Valley Startups Had Their Worst Funding Year Since 2019
(DBN)

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Healthcare:

West Lake Hills hospital shuts down city's only emergency department
(DBN)

Financial and Operational Challenges Threaten Survival of Rural Hospitals
(DBN)

Judge’s decision on Hazel Hawkins bankruptcy case due in weeks
(DBN)

Seniors Feel Trapped in Medicare Advantage Plans
(DBN)

Inflation threatens health care access as Medicare gap widens: GOP rep
(DBN)

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Economy:

The economy has run out of dry powder as inflation has slashed excess household savings, investment firm says
(DBN)

Biden-era boom in factory spending
(DBN)

How Supply-Chain Snarls Made Everyone Wrong on Inflation
(DBN)

Bosses actually want to work from home more than their workers do, finds a surprising 3,000-person survey
(DBN)

Yes, there are work-from-home jobs nobody wants
(DBN)

Fed ‘likely’ done with rate hikes, concerned with ‘uncertainty’: minutes
(DBN)

Morgan Stanley's chairman slams bitcoin as speculative and volatile – and expects the US to dodge a recession
(DBN)

A recession could still hit the economy and derail the stock market this year as fiscal tailwinds from 2023 turn into headwinds, top economist David Rosenberg warns
(DBN)

America's remarkable jobs boom comes back to earth
(DBN)

BLS: Job Openings Little Changed at 8.8 million in November
(DBN)

A recession could still hit the economy and derail the stock market this year as fiscal tailwinds from 2023 turn into headwinds, top economist David Rosenberg warns
(DBN)

ISM® Manufacturing index Increased to 47.4% in December
(DBN)

Don't expect interest rate cuts from the Fed anytime soon as the market overrates a Goldilocks scenario
(DBN)

FOMC Minutes: "A lower target range for the federal funds rate would be appropriate by the end of 2024"
(DBN)

Why 2024 could be a year of American optimism
(DBN)

Lululemon’s billionaire founder slams the company’s diversity and inclusion efforts: ‘You’ve got to be clear that you don’t want certain customers coming in’
(DBN)

These states have the highest rate of homelessness
(DBN)

Shutdown risk grows with GOP’s border fury Johnson ratchets up pressure for stricter border policy — but stops short of calling for shutdown
(DBN)

The state that left millennials behind
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

All-cash home sales in Manhattan hit record high
(DBN)

The Hidden Force Pushing Mortgage Rates Down
(DBN)

Welcome to the Neighborhood! Wall Street Designed It
(DBN)

Tenant who fought and won 'illegal eviction' is shot dead by landlord's boyfriend: Police
(DBN)

Court approves $63 million plan for LCS to buy debt-ridden CCRC
(DBN)

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Municipalities:

PREPA, board update plan of adjustment to reflect deal with unsecured creditors
(DBN)

The California Town Owned by a New York Investment Firm
(DBN)

MA state employee overtime in ‘fantasy world,’ $100K earners up 25%
(DBN)

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Oil/Gas:

Chevron Recognizes Up To $4B in Impairments, Losses
(DBN)

Biden filling the petroleum reserve again, but for how long?
(DBN)

Today's World Cannot Survive without Oil
(DBN)

Wall Street Is Already Cutting Oil-Price Forecasts for This Year
(DBN)

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Climate:

America's plan to replace gas guzzlers with electric cars was doomed from the start
(DBN)

24 climate predictions for 2024
(DBN)

A message from the plants: US is getting a lot warmer, new analysis says
(DBN)

Biden’s $400 Billion Green Bank at Risk as GOP Hunts for Next Solyndra
(DBN)

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Media:

The Messenger’s board weighed shutting it down over cash shortfalls: sources
(DBN)

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Education:

Harvard's president resigning means more drama for other universities We Sat Down With the Conservative Mastermind Behind Claudine Gay’s Ouster Billboard truck reading 'It's Moving Day Claudine Gay' parks outside ex-Harvard chief's mansion Was Claudine Gay’s ouster from Harvard racially motivated? Harvard's president might not be the last to lose her job over plagiarism claims, thanks to the power of AI
(DBN)

Harvard agitators turn their ire toward Penny Pritzker
(DBN)

New York governor pushes for reading education overhaul as test scores lag
(DBN)

3 college heads testified before the House last month. One still has her job
(DBN)

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Politics:

Biden will target Trump in speech at war site on Jan. 6 anniversary Biden’s kicking off 2024 by delving into some of the country’s darkest moments Biden focuses on Jan. 6 to cast Trump as a threat to U.S.
(DBN)

Barack Obama Staffers Turn on Joe Biden Over Israel
(DBN)

How Democrats got cornered on the border crisis
(DBN)

Rep. Jordan says Mayorkas impeachment inquiry ‘all part of the Biden administration’
(DBN)

Jewish American support for Biden stands firm amid Israel-Hamas war
(DBN)

Cease-fire protest halts California legislative session
(DBN)

‘Beyond Crazy’: The Liberal Jew Mugged by a Post-10/7 World
(DBN)

Trump towers over GOP rivals in Iowa, spurring fierce battle for second
(DBN)

Christie ad says he made a "mistake" endorsing Trump in 2016
(DBN)

Fetterman renews call for Senate to expel Menendez after Qatar-related allegations
(DBN)

New rule designed to protect LGBTQ foster children draws GOP opposition
(DBN)

Christie says he wouldn’t pardon unrepentant Trump: ‘Too bad, go to jail’
(DBN)

Haley surpasses DeSantis in national GOP polling average
(DBN)

'This is the Republican Party': Historian says Haley’s slavery flub was no accident
(DBN)

Republicans want to avoid clash with Trump on border security deal
(DBN)

DeSantis says he’d declare border emergency on first day in Oval Office Blue states open 2024 election year with migrant crisis escalating Mayorkas: Texas governor's migrant busing is a 'failure of governance' 'Committed to chaos': Chicago mayor slams Abbott for migrant buses
(DBN)

Why Democrats can’t rely on abortion ballot initiatives to help them win
(DBN)

Federal judge approves Georgia GOP’s maps that add majority Black district
(DBN)

Marjorie Taylor Greene mocked for throwing son under bus when asked about stock trades
(DBN)

Dan Crenshaw Hits Back At ‘F*cking Clown’ Jesse Watters: ‘He Cheated on His Wife and Then Left Her With Twins’
(DBN)

How This MAGA Extremist Hides His Campaign Spending
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US bankruptcy case counts expected to continue climbing in 2024: Report
(DBN)

Commercial Chapter 11 Filings Increase 72 Percent in Calendar Year 2023
(DBN)

US Bankruptcies Surged 18% in 2023 and Seen Rising Again in 2024 -Report
(DBN)

Rising Tide Of Debt Leads To A Sharp Jump In U.S. Bankruptcy Cases In 2023: Report
(DBN)

277 Puerto Rico businesses filed for bankruptcy in 2023
(DBN)

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Intercreditor:

The Double Dip: Guacamole Faux Pas ‎or Liability Management ‎Technique?‎
(DBN)

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Cross-Border:

Developer Aoyuan files for bankruptcy protection in the US Chinese developer Aoyuan files for U.S. bankruptcy protection
(DBN)

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Mass Torts:

Archdiocese of Baltimore bankruptcy: Creditors Committee launches website with information for clergy abuse survivors
(DBN)

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LLCs:

Court refuses to enforce Delaware statutory provision stripping LLC interests upon bankruptcy filing
(DBN)

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Finance:

‘Open Market Purchase’ Provisions Leave Everything Open
(DBN)

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Aviation:

The captain of a plane that collided with a Japan Airlines jet said he was cleared for takeoff, but air-traffic-control transcripts tell a different story 3 reasons why everyone aboard Japan Airlines Flight 516 survived Runway warning lights at Tokyo Haneda airport were reportedly broken when the Japan Airlines collision happened
(DBN)

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Personal Finance:

This best-selling personal finance author says he’s racked up more than $1 billion in debt
(DBN)

A dog ate $4,000. The owners recovered the cash in a pretty disgusting way
(DBN)

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Utilities:

Puerto Rico Oversight Board Revises PREPA Adjustment Plan: More Funds for Creditors, Higher Charges for Customers
(DBN)

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Labor:

Elon Musk's SpaceX Illegally Fired Workers Critical of Billionaire, Feds Say
(DBN)

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Maritime:

Spot Container Shipping Rates Soar 173% on Red Sea Diversions
(DBN)

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Crypto:

CEO of defunct crypto fund HyperVerse does not exist
(DBN)

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Autos:

Vehicles Sales increase to 15.83 million SAAR in December; Up 17% YoY Car Sales Slow as US Buyers Suffer Sticker Shock
(DBN)

Ford recalls nearly 113,000 F-150 vehicles over crash risk
(DBN)

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Sovereigns:

Zambia aims to agree conditions for debt relief by first quarter Zambia Aims to Resolve Debt Revamp Standoff Within Three Months
(DBN)

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UK:

When can the English court order a standalone moratorium?
(DBN)

England’s Local Councils Are Reeling From a Financial Crisis
(DBN)

Nottingham City Council formally appeals against government's commissioners plan
(DBN)

Southampton City Council: Leader voted in amid financial woes
(DBN)

Watchdog investigates accountant at bankrupt Thurrock council
(DBN)

Residents facing tax rise to balance council books
(DBN)

WeWork's UK subsidiary owes £730 million after 'weaker than contemplated' demand
(DBN)

Kidney transplant and heart patients have slots canceled amid junior doctors' strike - with some forced to wait 15 months before they are seen for life-changing treatment
(DBN)

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MENA:

Hezbollah leader promises response to Hamas official's killing Israel on alert for wider conflict after death of senior Hamas official in Lebanon
(DBN)

Iran says at least 103 were killed in blasts at a ceremony honoring slain general What’s known, and what remains unclear, about the deadly explosions in Iran Video of Explosion at Iran General's Ceremony
(DBN)

US and allies warn Houthis of ‘consequences’ as Red Sea crisis intensifies U.S., Allies Give Houthis Ultimatum: Stop Ship Attacks or Face Consequences
(DBN)

Deadly Iran Blasts and US Warnings Escalate Mideast Tensions
(DBN)

2nd Biden admin official resigns over president's response to Gaza war
(DBN)

EU's Borrell Urges World To 'Impose' Solution To Israel-Palestinian Conflict
(DBN)

The Middle East is on Fire (Again)
(DBN)

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Russia:

Russia and Ukraine exchange hundreds of prisoners in biggest swap of war
(DBN)

‘It’s State Propaganda’: Ukrainians Shun TV News as War Drags on
(DBN)

Ukraine and Russia Turn To Sabotage Plots As The War Drags On
(DBN)

Russia’s winter onslaught tests Ukraine’s firepower
(DBN)

Russia Accidentally Bombs Own Village
(DBN)

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India:

Corporate insolvency approvals: Balancing compliance and resolution
(DBN)

Are dissenting financial creditors under IBC to be paid minimum value of security interest? Supreme Court refers issue to larger bench
(DBN)

Indian Court Affirms Rights of Dissenting Financial Creditors
(DBN)

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China:

Wall Street's Ambitions in China Run Into a Rising Firewall
(DBN)

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South Korea:

Korea Credit Risks Threaten Spillover as Builder Taeyoung Slides
(DBN)

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