July 18, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

San Francisco and Los Angeles are seeing a shakeup in law firm leases
(DBN)

Kirkland Partners Who Quit Risk Forfeiting Pay Under New Policy
(DBN)

‘Mission-Driven’ Firm Eschews Big Oil and Embraces Lower Hours
(DBN)

The Best Law Schools In America For Career Prospects (2024)
(DBN)

Biglaw Definitely Hasn't Fixed Its Bias Problem
(DBN)

'Most eligible bachelor' attorney who raped woman as she slept sentenced
(DBN)

Which Biglaw Firm Is A Banner Sponsor Of The Republican National Convention?
(DBN)

Quinn Emanuel Gets Scraped Off Twitter Matter
(DBN)

California attorney faces disbarment over claims he misappropriated $282M in client funds
(DBN)

Satan goes to court: Lawyers recall bizarre medical malpractice case
(DBN)

How generative AI can help you market your legal practice
(DBN)

What we know about Usha Vance’s politics
(DBN)

Jack Smith appeals dismissal of Trump's classified documents case
(DBN)

Prosecutors dropping some Jan. 6 obstruction charges after Supreme Court ruling Florida man arrested for allegedly throwing 'white pole' at officers at Capitol on Jan. 6
(DBN)

Giuliani Creditors Must Get ‘Aggressive’ After Bankruptcy Tossed Judge frustrated that no one knows how much money is in Rudy Giuliani's bank accounts 'Woof woof!' Sweaty Giuliani seen barking at RNC staff Rudy Giuliani drains half of bank account for personal expenses while creditors pursue what he owes them Giuliani spent on Florida condo, RNC trip instead of bankruptcy fees Rudy Giuliani blows through $30K in seven days since last bankruptcy hearing Rudy Stumbles Back Into Bankruptcy
(DBN)

Dominion again demands 'Kraken' lawyer's ouster from lawsuit, citing 'collusive' activity
(DBN)

If the Trump classified documents case is reinstated, Judge Aileen Cannon would be difficult to remove
(DBN)

What so many high-profile shootings have in common
(DBN)

Real estate mogul Sergio Pino ‘poisoned wife and hired men to kill her’ before he was found dead at $8m mansion
(DBN)

Ex-CIA Analyst Worked for South Korea in Exchange for Louis Vuitton Handbag: Prosecutors
(DBN)

What Would It Take to Deport Millions of Immigrants? The G.O.P. Plan, Explained
(DBN)

'Distracted' dad was playing Playstation as 2-year-old died in car on 109-degree day: Cops
(DBN)

Woman called 911 nearly 400 times for 'nonexistent emergencies' leading to one man's death
(DBN)

Man hid in closed Walgreens, treated himself to spinach dip, Ghirardelli chocolate: Cops
(DBN)

DNA breakthrough solves 1963 cold case murder at Wisconsin gas station
(DBN)

NYC Subway Crime Down 11% Since 2019 With More Cops on System
(DBN)

Florida man arrested over Biden death threats
(DBN)

Mother faces murder charges in fentanyl deaths of 3-year-old twin brothers
(DBN)

Woman hires gunmen to steal man's phone because it had 'proof of her infidelities': Cops
(DBN)

Firefighter admits stealing credit card from crash victim to buy gas, car wash
(DBN)

Inside Senator Bob Menendez's Downfall
(DBN)

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Judges:

Selection of Kyu Young (Mike) Paek to Serve as Bankruptcy Judge in the Southern District of New York
(DBN)

Judicial system fails at policing workplace misconduct, study finds
(DBN)

Sure, Federal Judges *Can* Hire Clerks With A History Of Problematic Behavior, But Maybe They Shouldn't?
(DBN)

Tribe: SCOTUS is Destroying Checks & Balances
(DBN)

Judges Behaving Badly
(DBN)

How SCOTUS Rewrote the Presidency
(DBN)

COVID-related backlogs no longer reason to delay misdemeanor trials, appeals court says
(DBN)

Biden to Propose Supreme Court Reforms, Including Term Limits Biden Considers Supreme Court Term Limits Roughly 3 Years Too Late
(DBN)

So, About That New YSL RICO Judge... Second judge recuses from Young Thug RICO case over appearance of impropriety
(DBN)

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Wall Street:

Stock futures rise slightly after Nasdaq’s worst day since 2022
(DBN)

Emerging-market stocks have longest selloff in year on tech rout
(DBN)

Wall Street's battle with private credit hits fever pitch in M&A game
(DBN)

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Layoffs:

Fortescue Hits Brakes on Green Hydrogen Plans and Cuts 700 Jobs
(DBN)

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Buses:

Bus Carrier Coach Hits Judicial Roadblock on Way to Auction
(DBN)

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Social Media:

Gen Z is experiencing 'tattoo regret.' Social media may be to blame.
(DBN)

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Climate:

Germany Plans to Cut Renewable Subsidies as State Costs Soar
(DBN)

Big Meat and Dairy Are ‘Undermining’ Climate Action, Report Says
(DBN)

Beryl death toll in SE Texas rises to 18 as heat fatalities confirmed
(DBN)

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Autos:

Bankruptcy Judge approves Fisker's USD 46.25 million Ocean EV liquidation deal
(DBN)

Tesla's Cybertruck outsold Ford's F-150 Lightning in May
(DBN)

Top Carmakers Unlikely to Hit US Emission Goals, Greenpeace Says
(DBN)

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Movie Theaters:

Coming soon: the big, costly, bewildering future of moviegoing
(DBN)

Why AMC Stock Is the Most Controversial Company You Can Own
(DBN)

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Pensions:

Musicians’ Union Pension Plan Gets More Than a Billion Dollars in Federal Funds, Avoiding Insolvency
(DBN)

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Sports:

MLB commissioner says TV path is up to teams. Is that really a choice?
(DBN)

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Retailing:

Furniture Retailer Conn’s Plans Mass Store Closings Ahead of Possible Bankruptcy
(DBN)

Five Below Slumps to 2020 Low as Retailer Loses Analysts’ Faith
(DBN)

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Fraud:

Ex-Goldman Sachs Associate Gets 28 Months in Insider Trading Case
(DBN)

Tech heroes to federal felons. The highs, lows of Bitwise founders’ 11-year saga
(DBN)

Ex-councilwoman allegedly swindled police charity to pay for daughter's wedding
(DBN)

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Economy:

Americans want prices to go down, but deflation could spark a wave of unemployment, top economist Paul Krugman says
(DBN)

Industrial Production Increased 0.6% in June
(DBN)

Waller Says Fed Getting ‘Closer’ to Cutting Rates, Not There Yet
(DBN)

Fed’s Williams says recent inflation data positive, more needed
(DBN)

Former Fed Official Kaplan Sees Rate Cut Likely in September
(DBN)

Fed's Beige Book: "Slight to modest pace of growth"
(DBN)

The Economic Theory Behind J.D. Vance’s Populism
(DBN)

You can never have too much money, happiness researcher finds
(DBN)

Gramercy Says ‘Easy Money Is Gone’ in World’s Riskiest Debt
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

U.S. mortgage rates fall to 6.87%, lowest level since early March
(DBN)

Why your friendly local landlord is suddenly acting like a big-time robber baron
(DBN)

The US housing is turning more buyer-friendly as sellers step up price cuts
(DBN)

Here’s why international buyers are pulling way back from the U.S. housing market
(DBN)

US Housing Starts Increase on Pickup in Multifamily Construction Single Family Starts Up Year-over-year in June; Multi-Family Starts Down 23% YoY Housing Starts Increased to 1.353 million Annual Rate in June
(DBN)

American Towns Are Rebelling Against Megamansions - WSJ
(DBN)

Real-Estate Meltdown Strains Even the Safest Office Bonds - WSJ
(DBN)

Blackstone Profit Misses Estimates as Real Estate Exits Slow
(DBN)

'Decrepit' Raritan Mall will live to see another day after redevelopment plan fails again
(DBN)

Bonds play role in Michigan city's plan to recast a moribund mall
(DBN)

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Municipalities:

Detroit completes first competitive bond issuance since bankruptcy
(DBN)

How Detroit's lowest moment launched its turnaround
(DBN)

Downtown St. Paul's largest property owner says the city's core is in 'crisis'
(DBN)

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Oil/Gas:

Collapse of a Key Natural Gas Trade Points to a Massive US Supply Glut
(DBN)

BP says demand for natural gas will likely rise for decades despite efforts to ease global warming
(DBN)

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Tech:

Growing number of parents globally refusing to give children smartphones
(DBN)

Elon Musk Wants His AI Bot to Deliver the News. It Is Struggling With the Job - WSJ
(DBN)

AI Weather Forecasting Faces Ominous Hurricane Season Test
(DBN)

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Food/Beverage:

Seattle: Restaurant industry scrambles as new minimum wage approaches
(DBN)

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Politics:

‘Our Nation Is Not Well’: Voters Fear What Could Happen Next
(DBN)

Poll Suggests Record Voter Turnout in Battleground States
(DBN)

Donald Trump's Chances of Winning Election Are Declining
(DBN)

Poll: Every Other Dem Candidate Outperforms Biden Democrats’ purgatory grows with ominous poll on Biden Almost two-thirds of Democrats want Biden to step aside, poll finds DNC aims to nominate president in first week of August Megadonors Plotting to Change Joe's Mind With Money Determined to push forward, Biden tightens his circle and grows combative Fears Trump On Track For Blowout 330 Electoral Win? Biden Says He’d Consider Dropping Out if a ‘Medical Condition’ Emerged Biden says ‘medical condition’ could prompt him to drop out ‘if doctors came to me’ A new moment for Biden? One Democratic adviser says: ‘He’s being receptive’ Schiff: 'Pass the Torch' Rep. Adam Schiff calls for Biden to end his 2024 candidacy Bernie Sanders concedes that Biden 'can't put three sentences together' sometimes Schumer, Jeffries quietly pushed to delay Biden nomination vote Biden's rescue operation: Leap left to survive D.N.C. Slows Biden’s Nomination as Party Discontent Persists Biden read note with staffer’s critique aloud on call with Dems: ‘You are sounding defensive’ Biden had rambling Zoom call with dozens of Dems ‘worse than the debate’ shortly before Trump assassination attempt: report ‘Rambling’ Biden Gets Nasty With Bronze Star Democrat on Zoom Call Biden's elder statesman reflex frustrates some Dems ‘Poor Son of a Bitch’: Biden Once Pitied an Older Politician Reluctant to Leave the Stage Jeffrey Katzenberg Tells Joe Biden That Donor Cash Is Drying Up As Concerns About POTUS’ Age Grow Tapper: ‘Biden appeared quite confused’ in latest recorded interview Biden tests positive for Covid-19 at pivotal moment in reelection campaign As Adam Schiff urges President Biden to drop out, eyes turn to Nancy Pelosi Pelosi told Biden polls show he can't win Trump triumphant as Biden descends into a deepening crisis Biden's political isolation deepens as pressure to step aside builds
(DBN)

MAGA Makes Racist Attacks Against JD Vance's Wife
(DBN)

The Only Way to End Violent Rhetoric Is to Stop Rewarding it at the Ballot Box
(DBN)

The GOP's big, mysterious enemy: "They"
(DBN)

MAGAworld would benefit from spending time outside its media bubble
(DBN)

Why the far right is surging all over the world
(DBN)

Gavin Newsom Wrecks Elon Musk With Absolutely Brutal Quote From Trump About Billionaire
(DBN)

Navarro released from prison, heads to convention
(DBN)

Homeland Security inspector general investigates Secret Service handling of security at Trump rally Three days after attempted assassination, gunman remains elusive enigma Cops found remote detonator next to phone Johnson urges Secret Service director to resign Tree may have blocked snipers' view of Trump rally gunman, maps show Secret Service was told police could not watch building used by rally shooter Three days after attempted assassination, gunman remains elusive enigma America’s Political Leaders Are Living in Fear Trump shooter’s web searches and movements come under scrutiny as investigators search for a motive ‘One screen, two movies': Conflicting conspiracy theories emerge from Trump shooting GOP senators confront Secret Service chief at RNC Multiple failures, multiple investigations: Unraveling the attempted assassination of Donald Trump Trump Shares Details of Call With Biden After Shooting: ‘He Couldn’t Have Been Nicer’
(DBN)

How J.D. Vance's economic philosophy departs from conservative tradition JD Vance, Pro-Worker? Here's His Track Record J.D. Vance Described As 'Editor Of The Yale Law Journal'... Which Seems A Tad Misleading 3 takeaways from J.D. Vance's big speech Vance repeatedly name checks Rust Belt in VP acceptance speech Takeaways from J.D. Vance’s first date with America J.D. Vance Gets Dragged Once Again By Conservative Colleague Following His Selection As Trump's VP Republicans could be overlooking a potentially devastating problem with JD Vance 'The Rust Belt boost candidate': JD Vance to draw on blue-collar roots as VP nominee Here’s What We Know About Trump Vice President Pick J.D. Vance’s Net Worth "Hillbilly Elegy" rockets to top of bestseller list after JD Vance picked as Trump's VP J.D. Vance Is the First Millennial on a Major Party Ticket J.D. Vance's college roommate busts him over why he flipped on Trump ‘Bizarre beliefs’ and ‘creepy friends’: Choosing JD Vance could be a costly mistake for Trump Vance urged DOJ to enforce Comstock Act, crack down on abortion pills J.D. Vance’s radical plan to build a government of Trump loyalists: “Fire every single midlevel bureaucrat, every civil servant in the administrative state, replace them with our people.”
(DBN)

Don Jr wants ‘veto power’ on transition hiring if Trump gets into White House for second term Kimberly Guilfoyle unrecognizable from Gavin Newsom marriage days as she takes to RNC stage with fiancé Donald Trump Jr
(DBN)

Ex-president's supporters wear ear bandages
(DBN)

Why tech titans are turning toward Trump Silicon Valley love affair with Trump will end in economic catastrophe: Mark Cuban
(DBN)

New $299 Trump sneakers show ex-president in aftermath of shooting
(DBN)

Trump’s biggest donor is a Gilded Age heir also backing RFK Jr.
(DBN)

Trump's RNC eyes the future, but can't let go of 2020 Fact-checking night 3 of the RNC RNC Day 3 Recap: JD Vance accepts nomination; Kai Trump, Peter Navarro deliver memorable moments Five Key Takeaways From Republican Convention as Vance Steps Up
(DBN)

Trump campaign edits GOP convention speeches to tone down political rhetoric
(DBN)

John Deere to abandon pride festival sponsorships following online right-wing pressure campaign
(DBN)

Marjorie Taylor Greene slams 'misogyny' in GOP: 'They probably don't want women'
(DBN)

Trump’s Mar-a-Lago club set to raise initiation fee to $1 million
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (10 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US sees surge in corporate bankruptcies, on track to surpass 2020 levels
(DBN)

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Mass Torts:

YesCare Applauds Agreement with Creditors in Tehum Care (formerly Corizon) Bankruptcy Proceedings
(DBN)

The End(s) of Bankruptcy Exceptionalism: The Future of Mass Tort Reorganization After Purdue Pharma
(DBN)

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SCOTUS:

Restructuring And Bankruptcy Developments: The Supreme Court's 2023-24 Term
(DBN)

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Aviation:

Business travel is booming back
(DBN)

United Airlines profit jumps 23%, but third-quarter forecast disappoints amid industry overcapacity United Sees Profit Below Estimates as Deep Discounts Sting
(DBN)

Boeing factory workers in Washington state vote in favor of strike mandate, union says
(DBN)

Spirit passengers are getting fed up with the ultra-low-cost airline's extra fees Spirit Airlines faces 'substantial risk of restructuring or bankruptcy' - analyst
(DBN)

Terrell Davis shares new details on encounter with airline attendant that led to removal from United flight
(DBN)

Summer heat is causing soda cans to burst on Southwest Airlines flights
(DBN)

Cleaner Jets Needed by 2035 to Reach Net-Zero Goal, Study Finds
(DBN)

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Healthcare:

Steward hospitals losing patients as state awaits word on bankruptcy sales Mass. DPH commissioner in the dark on Steward Hospital bids Steward executives cashed in prior to bankruptcy filing
(DBN)

Women are more likely to die from cancer in the southern U.S
(DBN)

New Mexico attorney general launches probe of patient care at private equity-run hospital
(DBN)

Americans spend more on health care than any other nation. Yet almost half can't afford care.
(DBN)

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Crypto:

Mt. Gox Creditors Reportedly Hit By Failed Login Attempts Amid Repayments Mt. Gox Creditors Alarmed by ‘Brute-Force’ Log-In Attempts on Accounts
(DBN)

Craig Wright Is Not Satoshi Nakamoto, Which Judge Is Pretty Sure Makes Him A Perjurer
(DBN)

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Education:

The president of Florida’s only public historically Black university resigns after donation debacle
(DBN)

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Entertainment:

Filming in LA Plunges With Cut in Reality TV
(DBN)

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Student Debt:

More student-loan borrowers are getting debt cancellation through bankruptcy 2 years after Biden streamlined the process
(DBN)

Education Department to forgive $1.2 billion in student debt for 35,000 borrowers
(DBN)

Justice Department and Department of Education Announce Continuing Success of Student-Loan Bankruptcy Discharge Process
(DBN)

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Maritime:

Satellite Images Show Large Oil Slick in Red Sea After Houthi Attacks
(DBN)

Global Shipping Strains Spark Fears of an Inflation Comeback
(DBN)

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Nursing Homes:

Creve Coeur-based nursing home operator files for bankruptcy
(DBN)

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Infrastructure:

With sewage gushing into sea, US and Mexican border towns plead for help
(DBN)

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Sovereigns:

Ukraine Restarts Bondholder Talks on $20 Billion Debt Overhaul Ukraine Plans Law Allowing Foreign Debt Payments Suspension Will Ukraine go bankrupt?
(DBN)

IMF to Push G-20 for Plan to Lower Debt Costs for Poor Countries and Dodge Defaults
(DBN)

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UK:

U.K.’s Body Shop rescued by consortium after retailer’s collapse
(DBN)

UK Government Plans Tougher Sewage Rules for Water Companies
(DBN)

UK’s Starmer aims to overhaul EU relations as Trump specter looms
(DBN)

UK Calls on Lenders to Improve Following Farage Debanking Fiasco
(DBN)

Why UK Is Finally Changing Its Ancient ‘Leasehold’ Laws
(DBN)

UK Wage Growth Slows in Sign of Weakening Jobs Market
(DBN)

£180m debt-ridden NHS Greater Manchester is ‘failing’ and now faces ‘enforcement’
(DBN)

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EU:

European Central Bank set to hold rates with inflation picture muddying demand for cuts
(DBN)

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Canada:

Cross-Border Implications of the U.S. Supreme Court’s Decision in Harrington v. Purdue Pharma L.P.
(DBN)

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China:

Defending creditors’ rights under new Company Law
(DBN)

WTO Cites Lack of Transparency on China Industrial Subsidies
(DBN)

What would a second Trump presidency mean for China? Goldman Sachs weighs in
(DBN)

China’s Restaurant Stocks Lose Luster as Dining-Out Demand Fades
(DBN)

Ex-Trump Aide Says China Threat Is Clear But Taiwan Must Step Up
(DBN)

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Russia:

Russian games make secret tanker oil switching harder to trace
(DBN)

Germany slashes Ukraine funding in savings push
(DBN)

Russia's propaganda boosts American voices in effort to show a divided country
(DBN)

Russian Firms Find It Increasingly Harder to Get Paid by China
(DBN)

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MENA:

Israel Gives an Indication of the War’s Toll on Hamas
(DBN)

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India:

India's insolvency norms evolution: What to expect from the Union Budget
(DBN)

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