January 9, 2024

The Daily Bankruptcy News

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Law:

Law firm Davis Polk faces trial in ex-lawyer's retaliation lawsuit
(DBN)

Davis Polk and Cleary Gottlieb join US firms bumping NQ lawyer pay in London
(DBN)

Law firms face 'volatile' 2024 amid demand, staffing and AI risks - report
(DBN)

Women Love To Go To Law School Here
(DBN)

Kramer Levin Names Amy Caton Co-Chair of the Firm’s Bankruptcy and Restructuring Practice
(DBN)

Dentons adds bankruptcy partner Clay Taylor in Dallas
(DBN)

ArentFox Schiff Welcomes Preeminent Restructuring and Bankruptcy Partner in Boston ArentFox Schiff Recruits Feinsmith as Partner to Boston Office
(DBN)

In Appreciation of a Pirate
(DBN)

Parker Hudson Names New Bankruptcy Partner
(DBN)

More Law Firms in New York Opt for Larger Spaces
(DBN)

Biglaw Associates Are Probably Working In Smaller Offices Than Before
(DBN)

FisherBroyles Exodus Shows Rift Over Virtual Firm Profits, Taxes
(DBN)

These North Carolina Paralegals Are Suing For The (Limited) Right To Practice Law
(DBN)

Law School Application Rates Look Like SFFA v. Harvard Never Happened
(DBN)

Ex-Biglaw Partner Suspended From Practicing Law Over Side Solo Gig
(DBN)

The Law Firm Disrupted: Peaks and Valleys in the World of Virtual Firms
(DBN)

Girardi’s Incompetency Claim Undercut by Timing and an Expletive 'Clearly Feigning Cognitive Impairment': Why This Federal Judge Found Tom Girardi Competent
(DBN)

Trump Civil-Fraud Trial Explained: Why His Business Empire Is at Stake
(DBN)

Trump plans to seek Supreme Court review of Jan. 6 civil cases in another push for immunity
(DBN)

The reality of Trump and Stefanik's Jan. 6 'hostages'
(DBN)

Donald Trump Comes For Former Prosecutor With Half-Baked Facts, Gets Clowned
(DBN)

Trump Tries Immunity Claim in Yet Another Criminal Case Trump says he'll attend immunity hearing Tuesday in his Jan. 6 case Do presidents have immunity from the law? Trump case to separate 'official acts' from crimes Why Have States Diverged on Trump’s Ballot Eligibility? Trump expected in court as he seeks immunity from 2020 election charges
(DBN)

Trump ballot access case on ‘exceptionally fast’ briefing schedule’ in SCOTUS; ‘sprawling’ arguments possible
(DBN)

The 14th Amendment, Nixon, And China
(DBN)

Trump cannot challenge writer's rape claim at defamation trial, judge rules
(DBN)

Trump seeks dismissal of Georgia indictment, again claiming broad immunity Trump files hodgepodge of motions to dismiss Georgia RICO case
(DBN)

Trump suggests that, if re-elected, he would have Biden indicted
(DBN)

Filing alleges 'improper' relationship between Fulton DA, top prosecutor
(DBN)

How Hillsdale Got Mixed Up in the 2020 Election Plot
(DBN)

New Giuliani attorney says client still believes 2020 Georgia election was stolen
(DBN)

House Republicans recommend Hunter Biden be held in contempt of Congress
(DBN)

Law firm registers as foreign agent for Hunter Biden-linked company - 8 years later Cravath discloses work for Ukrainian company that paid Hunter Biden to be board member Cravath Files 8-Year Late Foreign Agent Disclosure Over Burisma... Prepare For The Conspiracy Theories
(DBN)

Roger Stone Spoke With Cop Pal About Assassinating Eric Swalwell and Jerry Nadler
(DBN)

Epstein accuser claims pedophile had sex tapes of Trump, Clinton, Prince Andrew and Richard Branson: new docs Donald Trump named in latest Epstein documents: Sarah Ransome said he had sex with 'many girls' in email where she also claimed pedophile had tapes of the ex-president, Richard Branson, Prince Andrew, Bill Clinton Epstein Victim Claimed Trump Had Sex at Pedophile’s Mansion, Clinton Caught on Tape. Then She Recanted Everything Epstein Urged Ghislaine to Rope in Clinton Over Bad Press Inside Epstein's 'pedo island' as never-before-seen images of young women emerge Ghislaine Maxwell had a secret Tumblr account, according to newly unsealed court records Donald Trump is Doe 174 in Epstein documents
(DBN)

The ‘walking route’: How an underground industry is helping migrants flee China for the US Lead border negotiator says no immigration deal this week as key sticking points remain Trump’s Bonkers Plan to Weaponize an Archaic Law for Mass Deportations
(DBN)

Supreme Court can’t dodge abortion cases
(DBN)

Iowa school shooter appeared to be active on Discord and discussed 'gearing up' in moments before attack
(DBN)

A US Navy sailor handed over military secrets to China for just $15,000, prosecutors say
(DBN)

Woman who fatally stabbed driver in neck during road rage altercation gets 10 years
(DBN)

‘Soldiers of Christ’ killing unsettles Korean Americans in Georgia and stokes fear of cults
(DBN)

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Judges:

Defendant who attacked Nevada judge returns to court in shackles, spit mask Man Who Attacked Las Vegas Judge Gets Up to 4 Years in Prison Sister of defendant who launched himself at judge says he 'felt betrayed' by sentence
(DBN)

Tanya Chutkan, the judge overseeing Trump's federal election interference case, appears to be victim of 'swatting' Special counsel Jack Smith was targeted by attempted swatting on Christmas Day
(DBN)

Judge Takes Time Out Of Saturday Night Plans To Call Trump A Rapist. Again.
(DBN)

Brazile: Trump-appointed Supreme Court justices don’t owe him ‘one thing’ on ballot ban
(DBN)

To disqualify or not to disqualify: The Supreme Court confronts the ‘laugh test’ 5 ways the Supreme Court may try to defuse its newest Trump bomb
(DBN)

Government power, from federal agencies to counties, highlights January SCOTUS session
(DBN)

John Roberts Has The Best Approval Rating In Government And That's Terrible News For America
(DBN)

Supreme Court once again ‘leapfrogging’ appeals court in decision to hear Idaho emergency abortion case
(DBN)

Judges in England and Wales are given cautious approval to use AI in writing legal opinions
(DBN)

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Wall Street:

 

Stocks are poised to bounce higher as these indicators are still flashing green, Fundstrat says
(DBN)

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Layoffs:

Unity Software to lay off 1,800 employees as part of a corporate restructuring
(DBN)

Warehousing and logistics startup Flexe cuts 38% of workforce in latest layoffs
(DBN)

Barclays to slash 5,000 jobs in efficiency drive
(DBN)

Exelixis lays off 175
(DBN)

600 BlackRock layoffs coming
(DBN)

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Healthcare:

Fauci sits through first seven hours of questioning with COVID select subcommittee
(DBN)

Escape the city: Living closer to nature benefits older adults mentally and physically
(DBN)

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Non-Profits:

'King of the NRA': Civil trial scrutinizes lavish spending by gun rights group’s longtime leader Civil fraud trial seeking independent monitor for NRA begins after CEO’s resignation, official’s $100K settlement
(DBN)

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Food/Beverage:

Managers at Checkers restaurants in Alabama clocked staff out mid-shift and altered their timecards so they could pay them less, a federal agency claims
(DBN)

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Autos:

Wholesale Used Car Prices Decreased 0.5% in December; Down 7.0% Year-over-year
(DBN)

GM’s Battery Partner LG Posts Big Earnings Miss Amid Weak Demand
(DBN)

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Fraud:

Love and Deceit: When Work-From-Home Spawns Insider Trading
(DBN)

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Retailing:

The shoplifting scare might not have been real — but its effects are
(DBN)

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Ride Hailing:

Waymo’s driverless cars are finally ready for the highway
(DBN)

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Economy:

Job market surprise: Construction employment is booming
(DBN)

The "riptide" economy, explained
(DBN)

US Small-Business Optimism Rises to Five-Month High on Earnings
(DBN)

More Young Bosses Want a Raise to Work From the Office
(DBN)

Charted: Pay is beating inflation again
(DBN)

The Fed could slash rates below 3% to maintain 'notoriously difficult' soft landing, JPMorgan expert says
(DBN)

The Fed will slash rates 6 times this year as recession spreads across the US and the job market deteriorates, market veteran says
(DBN)

The end of the Fed's crisis-era stimulus is near
(DBN)

Inflation could see a resurgence, and investors expecting a 'perfect outcome' for the economy this year may be disappointed, BlackRock says
(DBN)

The economy is entering a new 'super cycle' driven by AI and decarbonization, Goldman Sachs analyst says
(DBN)

One of the most commonly cited recession indicators that’s been flashing red has a major flaw, NDR says
(DBN)

Soft-landing talk can foreshadow recessions — here are red flags still warning of a downturn, Deutsche Bank says
(DBN)

Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet
(DBN)

Top risks in 2024: U.S. turmoil, ungoverned AI, Middle East conflict
(DBN)

The reparations movement is having another moment
(DBN)

Speaker Johnson in pressure cooker as partial shutdown deadline nears Greene says she’ll vote against Speaker Johnson’s $1.6 trillion funding deal Speaker Johnson faces conservative unrest over funding deal Five things to know about Speaker Johnson’s spending deal with Democrats Lawmakers mull short-term patch as funding plan slowly advances
(DBN)

The Latest Dirty Word in Corporate America: ESG
(DBN)

Hedge Funds Target ‘Catastrophic’ ESG Lapses for Huge Returns
(DBN)

Activist Investors Drop ESG Campaigns on Lack of Profits
(DBN)

Are $18 Big Macs the price of falling inequality?
(DBN)

Trump says he hopes economy crashes in next 12 months: ‘I don’t want to be Herbert Hoover’ Trump Hopes Any US Market Crash Happens Under Biden And Not Him
(DBN)

Even at $112,000 Starting Pay, Fewer People Want to Be Cops
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Offices Around America Hit a New Vacancy Record America's offices are in 'uncharted territory' as vacancies hit an all-time high
(DBN)

Moody's: Apartment Vacancy Rate increased in Q4; Office Vacancy Rate in "Uncharted Territory" at Record High
(DBN)

Home prices are forecast to fall in these 34 cities
(DBN)

Housing January 8th Weekly Update: Inventory Down 2.7% Week-over-week, Up 5.7% Year-over-year
(DBN)

North Carolina insurance industry proposes average 42% homeowner premium increase
(DBN)

Bankruptcy judge approves Celink stipulation in RMF bankruptcy case
(DBN)

Germany's Galeria could be next insolvency in Signa empire - sources Signa’s Galeria Karstadt Files For Third Insolvency Since 2020 German retail giant Galeria insolvent in wake of Signa collapse
(DBN)

Millennials are moving to 'the most boring places in the world'
(DBN)

Mortgage rate decline pulls buyers back into the housing market
(DBN)

National Association of Realtors president says she is resigning after blackmail threat
(DBN)

New York Luxury Condo Project Files for Bankruptcy Protection Amid Legal Battles
(DBN)

Chinese developer puts Hell’s Kitchen condo in bankruptcy protection
(DBN)

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Municipalities:

The worst-run city in America, according to data—and see the rest of the worst 50
(DBN)

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Oil/Gas:

Investors are rushing to short oil as Saudi Arabia slashes crude prices and funds look poised to sell
(DBN)

Oil Steadies After Losing 4% on Signs Global Market Is Softening
(DBN)

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Climate:

Polar vortex, extreme weather events set to slam U.S. Tracking outages and travel impacts as winter storm spreads across U.S.
(DBN)

India’s Plans to Double Coal Production Ignore Climate Threat
(DBN)

Natural Disasters Led to $250 Billion in Global Losses Last Year
(DBN)

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Religion:

Pope Francis calls for global ban on surrogacy Pope Francis blasts surrogate motherhood as ‘deplorable’ in Vatican address
(DBN)

Megachurch leader raped, tortured worshippers
(DBN)

Iowa Pastors Denounce God Made Trump Video
(DBN)

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Water:

Bottled water contains hundreds of thousands of potentially dangerous plastic fragments: study
(DBN)

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Tech:

Supreme Court won’t hear case over FBI national security demands of X
(DBN)

New York Times-ChatGPT lawsuit poses new legal threats to artificial intelligence OpenAI Claims New York Times Isn’t ‘Telling the Full Story’ in Suit
(DBN)

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Trucking:

Yellow Corporation: On the Verge of Bankruptcy
(DBN)

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Politics:

Biden's new edge: Allies see opening in rising wages
(DBN)

Biden Sets the Terms for 2024
(DBN)

Biden calls White supremacy a 'poison' that has 'no place in America' Biden speaks at site of white supremacist murders to claim a Trump-led 'hate-fueled agenda' Biden goes after Trump in second straight speech for pushing ‘second lost cause’ Crowd at black church roars when Biden calls Trump 'loser' Biden, at Black church, says Republicans are ‘trying to steal history’
(DBN)

Dems announce major cash to court Black, Latino and AAPI voters
(DBN)

Biden address in Charleston church interrupted by pro-Palestinian protesters Moment furious father gets out of his car and confronts pro-Palestine protesters blockading Williamsburg Bridge and tells them he needs to 'get to his daughter' - as NYPD arrest 325 for causing havoc across the Big Apple
(DBN)

Dean Phillips and Marianne Williamson rail against Biden to a crowd of seventh graders
(DBN)

South Carolina could reveal just how deep a hole Biden’s in
(DBN)

Defense secretary faces growing heat from Congress over hospitalization White House has no plans to oust defense secretary over hospitalization Biden won’t accept an Austin resignation if offered Austin’s hospital debacle: A timeline of events Top Democrats join Republicans in critiquing Austin's medical secrecy: ‘He has some explaining to do’ Biden's Teflon Cabinet GOP senators holding back from Trump’s call to fire Austin Haley calls for Biden to be fired over Austin controversy Rosendale to file impeachment articles against Austin
(DBN)

Multiple State Republican Parties Are Going Broke
(DBN)

House GOP faces sudden flood of retirements after holiday break
(DBN)

DeSantis responds to Trump’s Civil War remarks: ‘I don’t even know what he’s talking about’
(DBN)

Trump holds 65-point lead over DeSantis in Nevada GOP caucus: poll
(DBN)

Say it ain’t snow. Iowa’s forecast is terrible and it’s impacting the campaign Polar vortex threatens to disrupt Iowa caucuses
(DBN)

Missouri secretary of state, CNN anchor get heated in interview over Trump, ballots
(DBN)

Republican Group’s Damning New Ad Attacks Trump With Trump’s Own Words
(DBN)

GOP push to impeach Homeland Security Secretary Mayorkas gains steam
(DBN)

Inside the GOP candidates' strategies in Iowa
(DBN)

Nikki Haley avoided creating controversy for months. Not anymore Trump world looks to squash Haley’s momentum
(DBN)

Anti-Israel protesters block traffic at three NYC bridges and Holland Tunnel, causing Monday morning havoc
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Private U.S. companies increasingly going bust as profit shrinks
(DBN)

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Mass Torts:

J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe
(DBN)

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UST:

The Transition to Virtual 341 Meetings: Lessons Learned, and Looking Ahead
(DBN)

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Sales:

Are Chapter 5 Claims Assets of the Estate that a Trustee Can Sell?
(DBN)

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Cannabis:

Distressed Cannabis Companies Find Hope with New Bankruptcy Ruling, Potential Substance Rescheduling
(DBN)

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Aviation:

Boeing slumps 9% premarket as FAA grounds scores of 737 Max 9 planes following Alaska Airlines mishap Alaska Airlines cancels 230 flights as the 737 Max 9 is grounded after mid-flight door blowout Loose exit panel bolts found in other 737 MAX 9 planes in United's fleet Boeing calls an all-hands employee meeting to discuss safety following Alaska Airlines incident Investigators home in on hardware in probe of midair Alaska Airlines flight emergency Portland high school teacher describes finding sought-after door plug from the Alaska Airlines plane Boeing faces fresh scrutiny over 737 Max planes Alaska flight: Cockpit audio is lost, and a mysterious warning light is investigated Breaking down the Boeing blowouts United Airlines finds loose bolts on several Boeing 737 Max 9s after grounding What travelers need to know about the Boeing 737 Max 9 grounding How passengers coped during harrowing flight The 737 Max is Boeing's best-selling jet — and in recent years, one of its deadliest The last time an airplane's door broke off on a US flight, 9 passengers were sucked out of the plane Boeing Blowout Occurred Hours Before US Deal on 737 Max Crashes Set to Expire More Loose Bolts Emerge as NTSB Says No Discrepancy in Door Plug
(DBN)

‘Selfish’ traveler refuses to give up airplane seat so dad can sit with family: ‘Dirty looks throughout the whole flight’
(DBN)

US company says its moon landing attempt is in jeopardy because of a 'critical' fuel leak Moon landing attempt in jeopardy, company says
(DBN)

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Education:

‘I cannot recall a period of comparable tension’: Harvard interim president calls for campus unity
(DBN)

Why so many kids are still missing school
(DBN)

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Gig Economy:

Biden administration issues rule that could curb 'gig' work, contracting
(DBN)

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Crypto:

How is cryptocurrency treated as an asset in a bankruptcy proceeding in your jurisdiction?
(DBN)

Core Scientific Raises $55 Million in Equity Financing, Set to Emerge From Bankruptcy
(DBN)

DCG Claims Full Genesis Loan Repayment, Creditors Disagree
(DBN)

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Radio:

Audacy Reveals Details of Bankruptcy Agreement With Lenders
(DBN)

Bankruptcy Reorganization Raises New Questions About What’s Next For Audacy.
(DBN)

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Sovereigns:

Japan calls for early completion of MoU between SL and official creditors
(DBN)

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UK:

Britain's best-paid woman made over $300 million last year, outearning all the CEOs of S&P 500 companies
(DBN)

Somerset executive considers 10% council tax hike and ‘heartbreaking’ cuts
(DBN)

More council ‘bankruptcies’ predicted as government rejects calls for extra social care funding
(DBN)

Council bankruptcy warning without government deal
(DBN)

Explainer-What is Britain's Post Office scandal? Insolvency Service issues update over Post Office Horizon scandal
(DBN)

UK Christmas Retail Sales Disappoint as Shoppers Pull Back
(DBN)

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EU:

Euro-Zone Unemployment Hits Record Low, Defying Recession Gloom
(DBN)

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Canada:

Cannabis distributor Humble & Fume gets creditor protection
(DBN)

Embattled ETF manager's unitholders now left as unsecured creditors
(DBN)

For debt-laden Canadians this could be the darkness before the dawn
(DBN)

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MENA:

Israel deploys enormous blimp to help fight Hezbollah militants on the Lebanon border
(DBN)

With each strike, fears grow that Israel, the US and Iran’s allies are inching closer to all-out war
(DBN)

Behind Iraq’s call to remove US-led forces
(DBN)

"Ask Zelensky:" UAE rebuffs Bibi request to pay Palestinian workers barred from Israel
(DBN)

Israel Picks Holocaust Survivor Judge for Genocide Case in U.N. Court
(DBN)

Suspected Israeli strike in Lebanon kills senior Hezbollah commander
(DBN)

The US Is Dealing With an Israeli Leader Who’s Losing Control Netanyahu’s coalition bickers over Gaza
(DBN)

Israel to tell Blinken Palestinians can't return to north Gaza without hostage deal
(DBN)

U.S. slams ‘meritless’ Israel genocide suit, reigniting tensions with South Africa
(DBN)

Blinken to talk 'way forward' in Gaza as he meets with Israeli leaders
(DBN)

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Russia:

Ukraine special forces say they helped destroy a Russian weapons system that was blocking satellite comms
(DBN)

Russians shooting each other in leg to escape Putin
(DBN)

Russia painted fake fighter jets at its airfields, new satellite images show, likely to trick Ukraine into not blowing up the real deal
(DBN)

Russia is spending so much money and manpower on defense that it's draining the rest of the economy
(DBN)

Exhausted, on the Defensive and at ‘Hell’s Gate’ in Ukraine
(DBN)

Ukraine fails to shoot down 33 Russian missiles
(DBN)

Putin resurrects Joseph Stalin’s ‘secret weapon’ the feared SMERSH spy-catchers who purged Soviet Russia
(DBN)

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China:

The Top 10 Changes for Foreign Companies Under China’s New Company Law
(DBN)

'China missiles filled with water, not fuel: US intelligence'
(DBN)

China hints at more easing with possible reserve ratio cut
(DBN)

A Chinese shadow bank is the latest casualty of the country’s real estate crisis, declaring bankruptcy with up to $65 billion in debt
(DBN)

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Argentina:

Argentines ask folk cowboy saint Gauchito Gil to help cope with galloping inflation
(DBN)

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India:

Fresh directions
(DBN)

Unavoidable Interplay Between IBC and Tax Laws
(DBN)

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Germany:

German Industry Shrinks for Sixth Month as Recession Looms
(DBN)

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Venezuela:

US judge clears way for more Venezuela creditors to join Citgo auction
(DBN)

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Luxembourg:

Luxembourg’s new Restructuring Law: what about the financial collateral?
(DBN)

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