July 22, 2024

The Daily Bankruptcy News

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Law:

Another Major Law Firm Handing Out $50,000 Bonuses For Successful Attorney Referrals
(DBN)

A&O Shearman Targets 2,000-Hour Mark for Associate Bonuses
(DBN)

Global IT Outage Forces Law Firms’ Response to Keep Operating
(DBN)

Law firms navigate Microsoft outage and emphasize need for tech resilience
(DBN)

Husch Blackwell's CEO Makes The Business Case For Why Remote Work For Lawyers Is Here To Stay
(DBN)

Biglaw Firm's 125-Year Time Capsule Contents Seems Ancient Mere 9 Years Later
(DBN)

Elon Loses His Favorite Law Firm In Data Scraping Case Because They Played Both Sides
(DBN)

California forges ahead with plan to give its own bar exam in 2025
(DBN)

Bar Immune From ADA Claims
(DBN)

Even simple GenAI uses can create efficiencies, legal specialists say
(DBN)

One Star And "Offensive Personality"
(DBN)

Arizona Offers Alternate Path To Practice After Almost Passing Bar
(DBN)

Law Schools With The Most Competitive Students v. Law Schools With The Best Quality Of Life (2024)
(DBN)

Biglaw's Best In Securities And Capital Markets
(DBN)

Jan., 6 Rioter Gets Nearly 5 Years Judge says too dangerous to release hatchet-wielding Jan. 6 rioter with election 'looming'
(DBN)

Smith could invoke 140 years of history to appeal Mar-a-Lago dismissal
(DBN)

Trump wins round in libel suit against Pulitzer Prize Board over Russia stories
(DBN)

Hunter Biden drops lawsuit against Fox News over miniseries
(DBN)

DOJ opposes release of 'properly withheld' Joe Biden audiotapes by warning of 'deepfakes'
(DBN)

Rudy Giuliani Continues To Slosh Around In Bankruptcy Giuliani's lawyers scramble to avert bankruptcy judge's threat of 'bad things' happening Rudy Giuliani’s lawyer says embattled ex-mayor is ‘keeping his chin up’ amid ‘fall from grace,’ disbarment Creditors outraged after Rudy Giuliani spends thousands on first-class tickets to go to RNC Judge chides Rudy Giuliani for ‘troubling’ conduct, tosses NY bankruptcy case
(DBN)

A Harris-Newsom presidential ticket? There’s one big legal hurdle: The 12th Amendment
(DBN)

Judge sets Harvey Weinstein retrial date for November
(DBN)

A 12-year-old girl is accused of smothering her 8-year-old cousin over an iPhone
(DBN)

Poll: Majority of Americans sour on immigration Hundreds of migrants leave southern Mexico on foot in a new caravan headed for the US border
(DBN)

DOJ sues nonprofit that houses migrant children, accusing staff of sexual abuse
(DBN)

FBI Named British Royal in Massive Sex and Spying Scandal Documents
(DBN)

Judge Delays Posting Commandments in LA.
(DBN)

Federal Appeals Court Upholds Mississippi's Jim Crow–Era Felon Voting Ban
(DBN)

9 Shot, 3 Dead as Gunman Fires at Philly Party
(DBN)

Supreme Court opens door for punitive anti-homeless policies
(DBN)

She made an artwork that excluded men; a man sued for discrimination
(DBN)

Illinois jail must pay $880K to family members of inmate who died by suicide, judge rules
(DBN)

Girls took selfies after recording themselves beating man to death, prosecutors say
(DBN)

Crime boss orchestrated murder of son's best friend because of fatal crash: Prosecutors
(DBN)

Florida man arrested for alleged 'written threats to kill' Trump and JD Vance
(DBN)

Fiance who allegedly wrote disturbing 'she must die' poem about bride-to-be is sentenced
(DBN)

Woman accused of pouring gasoline on victim before deadly Molotov cocktail attacks
(DBN)

Citing Christian web designer win at SCOTUS, appeals court revives photographer lawsuit
(DBN)

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Judges:

Judges often preside over cases with ties to families’ interests, new investigation finds
(DBN)

Blue Screens Of Death, Mass Tech Outages Plague New York Court System
(DBN)

DOJ watchdog reportedly sends criminal referral for McCabe to federal prosecutor
(DBN)

Man Charged with Trying to Kill Brett Kavanaugh Going to Trial
(DBN)

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Wall Street:

US Futures Flat as Biden’s Exit Threatens to Upend Election Bets
(DBN)

‘Greatest Bubble’ Nearing Its Peak, Says Black Swan Manager
(DBN)

Wall Street’s Masters of the Universe Are Masters of None in 2024 Race
(DBN)

Trump Trade Sees Investors Snap Up Junk Debt and Industrials Biden's withdrawal from the presidential race spells uncertainty for the 'Trump trade'
(DBN)

'The S&P 500 is incredibly dangerous': Why Warren Buffett's favorite valuation indicator is flashing a warning for stocks
(DBN)

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Layoffs:

Oakland A's to lay off 50% of non-baseball staff ahead of move to Sutter Health Park
(DBN)

Goodyear relocating 175 jobs from Akron to Costa Rica
(DBN)

WIU faculty indicate 100+ future layoffs
(DBN)

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Autos:

Repos Spike in 2024 As Fewer Americans Can Pay Their Car Loans
(DBN)

Californians are Falling Out of Love with Tesla
(DBN)

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Crypto:

Crypto throws Celsius defendants potential lifeline in clawback lawsuits, lawyer says
(DBN)

How a motley crew of investors won back $14b in bitcoin
(DBN)

Sam Bankman-Fried May Not Have Stolen Any Money, But This Guy Allegedly Did
(DBN)

‘Almost’ Everyone in Crypto’s a Winner in a Second Trump Administration
(DBN)

Crypto Industry Wants Trump to Win and Call Off the SEC
(DBN)

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Banking:

Treasury warns that anti-woke banking laws like Florida’s are a national security risk
(DBN)

Secret Bank Ratings Show US Regulator’s Concern on Handling Risk
(DBN)

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Education:

Campus Protests Led to More Than 3,100 Arrests, but Many Charges Have Been Dropped
(DBN)

US judge approves $284 mln in settlements in financial aid litigation
(DBN)

Ten Commandments cannot go up in Louisiana classrooms until at least November
(DBN)

The education choice revolution is about more than schools
(DBN)

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Pageants:

'My abuser is here today': Miss Kansas opened up about toxic relationship before getting crowned Miss Kansas called out her abuser in public. Her campaign against domestic violence is going viral
(DBN)

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Buses:

Bus Carrier Coach USA Cuts Deal With Creditors on Sale, New Debt
(DBN)

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Event Facilities:

Milwaukee Bucks G League affiliate Wisconsin Herd files as creditor in Oshkosh Arena foreclosure case
(DBN)

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Healthcare:

AHS South bids on Glenwood in Steward Health Care sale
(DBN)

July 19th COVID Update: Wastewater Measure Increasing Sharply The True Extent of Long COVID Is Still Emerging – But Here's What We Know
(DBN)

The conservative doctor who’s got the GOP’s ear on trans kids’ care
(DBN)

Biden and Georgia Are Waging a Fight Over Medicaid and the Future of Obamacare
(DBN)

Dozens of illnesses across 28 states are now linked to a company's 'microdosing' gummies and chocolate bars
(DBN)

Health system's tech vulnerabilities exposed again
(DBN)

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Economy:

Downshifting US Inflation Will Help Reassure the Fed
(DBN)

Fed’s Williams Says Long-Term Trends Still Back Low Neutral Rate
(DBN)

Q2 GDP Tracking: Mid-2%
(DBN)

Foreign US Treasury holdings rise, Japan's stockpile shrinks
(DBN)

You’re not going crazy — you may actually be paying higher prices than other people
(DBN)

Corporate America’s retreat from social activism is well under way
(DBN)

Why Americans Aren’t Having Babies
(DBN)

The golden age of overemployment is over. Job jugglers are preparing for life with only one income.
(DBN)

Salesforce reportedly orders staff to return to office ‘four to five days a week’
(DBN)

Sam Altman’s giant basic income study is out. Here’s what it found.
(DBN)

Judge stops July's $220K payment from St.Louis' guaranteed basic income program
(DBN)

Global Efforts to Curb Financial Risks Outside Banks Are Losing Momentum, FSB Warns
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Lawler: Early Read on Existing Home Sales in June
(DBN)

California Home Sales Down 3% SA YoY in June; 4th Look at Local Housing Markets in June
(DBN)

Home Prices Are Set to Drop in Pandemic Boom Towns
(DBN)

Oregon paid his companies $70 million. Personal tax, business debts are piling up
(DBN)

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Oil/Gas:

Combustion Going Bust: Global Phase-outs of Gasoline Cars
(DBN)

‘Drill, baby, drill’: America’s fossil fuel boom risks bust in Europe
(DBN)

Trump Vow to ‘Drill, Baby, Drill’ Collides With Industry Caution
(DBN)

Oil Slick Off Texas Coast Tied to Abandoned Platform in Gulf
(DBN)

Kamala Harris Seen as Tougher Oil Industry Opponent Than Biden
(DBN)

Trump Vows to End Electric Vehicle ‘Mandate’ on Day One
(DBN)

Like GM, Ford is Backing Off EVs for ICE Trucks
(DBN)

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Solar:

Electriq Power’s Inventory Auctioned Off for $4.9M
(DBN)

Atty. Gen. Tong sues SunRun, Bright Planet and Elevate for ‘deceptive, unlawful solar panel sales tactics’
(DBN)

SunPower Plunges After Halting Solar Installs and Shipments
(DBN)

Solar Companies Forced To Borrow To Finance Growth
(DBN)

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Politics:

President Joe Biden drops out of 2024 presidential race Biden drops out of presidential race: ‘Best interest of the country’ Inside Biden's historic decision to drop out of the 2024 race How Biden made his decision to exit the race Why Biden finally quit "Nothing but proud": Biden family reacts to president's withdrawal from 2024 race Inside the Democratic Reboot: Joy, Hope and Fear Read the letter that Biden wrote to say he would no longer seek reelection Schumer praises Biden as ‘true patriot’ for dropping out Axelrod calls Biden’s exit ‘sad’ but ‘necessary’ Alone and Abandoned, Biden Learns That Friends Are More Dangerous Than Enemies Biden Drops out Of Race, Endorses Harris in Stunning Shift for 2024 Election Timeline: Key moments that led to Biden's historic withdrawal Biden withdraws from race in presidential earthquake Senate Republicans pile on Biden to resign after he quits 2024 race GOP builds new case for Biden resignation House Republicans say Biden must resign after ending reelection campaign Trump slams Biden after he drops out of race: 'Certainly not fit to serve' Biden's exit makes Trump the oldest nominee in U.S. history Dems Mock Trump as ‘Too Old’ to Run—Like He Did to Biden MAGA world is really mad that Trump is no longer running against Biden Trump slams Biden as ‘worst president in history’ as he drops out of race but says Kamala will be ‘easier to defeat’ Biden's consequential presidency: His key policies, wins and setbacks Biden’s legacy: Far-reaching accomplishments that didn’t translate into political support Fox News: Biden was a Good President and a Good Man Canadian leaders praise Biden after his exit World Leaders Praise Biden’s Record After President Quits Race Donald Trump Blasts Joe Biden With Insult-Filled Post In Reaction To President’s Decision To Drop Out Donald Trump claims Joe Biden doesn’t have Covid and says he’s a ‘threat to democracy’ as president ends re-election bid Donald Trump Wants to Be 'Reimbursed' After Spending Money Fighting Biden What happens next now that Biden has dropped out? Republicans could file challenges if Biden replaced, Speaker Johnson says Congressional Black Caucus backs Harris as Biden replacement As Biden dug in on continuing his campaign, Pelosi kept the pressure on
(DBN)

Democrats are reaching a consensus if Biden drops out A dozen lawmakers called on Biden to step down on biggest day of public defections Biden pushes for party unity as more Dems call for him to step aside Stews in Isolation Biden's Obama grudge drives 2024 resolve Sen. Joe Manchin joins calls for Biden to drop out of the 2024 race Sherrod Brown joins senators calling on Biden to step aside US President Biden waiting to meet with Netanyahu before withdrawing bid, advisers suggest Lord Almighty, Joe, Let It Go! Enough With the Biden Psychodrama ‘Foolish, self-destructive escapade’: History professor slams Democrats Clintons privately urge donors to keep giving to Biden as long as he remains presumptive nominee
(DBN)

Biden outraises and outspends Trump in June Biden was far outspending Trump — with little to show for it — even before the debate
(DBN)

Michigan poll: Trump's edge takes notable leap in battleground state
(DBN)

??Goldman: Democrats odds of winning edge higher after Biden exits race
(DBN)

Harris says she intends ‘to earn and win this nomination’ after Biden drops out Harris raises nearly $50 million after Biden endorsement Wall Street money machine whirs back to life for Harris Harris vs. Trump: What the polls tell us Delegate tracker: Harris gets quick start on road to 1,986 With Biden's backing, Kamala Harris leads the pack in bid to replace him The Promise, and Risks, in Turning to Kamala Harris Harris works the phones, trying to lock down nomination Biden doubted Harris' election chances Obama stops short of backing Harris Soros Backs Harris as Other Wall Street Democrats Want a Contest Pelosi, Jeffries stop short of backing Harris as 2024 nominee Some key battleground Dems conspicuously quiet about Kamala Harris on Sunday DNC chair vows ‘transparent and orderly process’ to choose new nominee All 50 Dem party state chairs back Harris California Gov. Gavin Newsom endorses "fearless" Kamala Harris Kamala Harris’s first presidential campaign was a failure. Has she changed? Harris' 2020 campaign was a mess. If she ends up atop the ticket, this time could be a lot different. How Kamala Harris’ platform could differ from Joe Biden’s Who Could Be Kamala Harris' Vice President? 5 Candidates Does Kamala Harris give Democrats a better chance to win? Energized crowd greets Harris at Provincetown fundraiser What would happen to Biden’s campaign cash if he drops out? That’s up to Kamala Harris Ready for Kamala? First pro-Harris 2024 effort begins recruiting volunteers ‘Can she win?’: Why Kamala Harris can’t shake doubts about her political future Harris’s odds of winning 2024 election overtake Biden’s, according to overseas betting sites Clintons endorse Kamala Harris hours after Biden drops out Kamala Harris’s strengths — and vulnerabilities — explained 'The floodgates will open': Democratic donors energized by Kamala Harris' run Top Hollywood Donors Already Writing Checks, “Excited & Motivated” For Kamala Harris After Joe Biden’s Exit Kamala Harris is officially running for president. Will any Democrats challenge her? The Emerging GOP Plan To Beat Kamala Harris Trump world has been preparing to run against Kamala Harris for weeks Fact-check: Kamala Harris is running for president. How accurate is she on abortion, economy, Trump? Trump and Ivanka gave thousands to previous Kamala Harris campaigns – she says she gave the money to charity
(DBN)

Manchin eyes presidential bid as Democrat
(DBN)

Trump Risks Getting Tables Turned on Him With New 2024 Adversary
(DBN)

Aaron Sorkin: How I Would Script This Moment for Biden and the Democrats
(DBN)

Why Is Trump Obsessed with Hannibal Lecter?
(DBN)

FactCheck: Trump's RNC Acceptance Speech
(DBN)

Clip of Ole Miss student making racist gestures at Black woman played at RNC sparks backlash
(DBN)

Tech broligarchs are lining up to court Trump. And Vance is one more link in the chain Elon Musk is very publicly trying to recruit his billionaire peers to the Trump-Vance camp Trump says he loves Elon Musk even though he never heard of the $45 million-a-month donation plan from the billionaire Elon Musk Says Report That He Plans to Give $45 Million a Month to Pro-Trump PAC is ‘Fake’ Elon Musk asked OpenAI investor Vinod Khosla to support Trump. Khosla said he doesn't 'accept depravity' Big Tech's phony Trumpism
(DBN)

Investigators believe Trump’s would-be assassin flew a drone over rally site on the day of the shooting Trump shooting left 2cm wound in his ear, former physician says Trump: 'I Took a Bullet for Democracy!' Inches from death: An hour that shook America Puzzling portrait of Trump rally shooter emerges Secret Service says it denied Trump additional resources in recent years even as his team complained 'Agency in crisis': Secret Service has decade-old staffing shortfall First congressional Democrat calls for Secret Service director to resign Mayorkas names panel to review Trump rally shooting Janet Napolitano joining review of Secret Service response to Trump shooting Furious GOP set to rain down on Secret Service director
(DBN)

Trump tries to distance from Project 2025 at first rally since shooting How Project 2025 would change American life How 'Project 2025' could change Medicare
(DBN)

Why Some Americans Really Do Want an Authoritarian in Charge
(DBN)

Trump's new rally message: No mention of Jan. 6
(DBN)

The Trump Campaign Has Peaked Too Soon
(DBN)

Poll: Do Americans have a favorable or unfavorable opinion of Donald Trump?
(DBN)

What Silicon Valley's Trump supporters aren't saying
(DBN)

George W. Bush’s Attorney General Is Worried About Trump
(DBN)

Capitol Police to boost security for Netanyahu speech Bibi seeks validation in his visit to a turbulent D.C. Israel’s Netanyahu walks political tightrope on Washington trip following Biden’s exit from race US House speaker: Anyone who ‘gets out of hand’ during Netanyahu’s speech could face arrest
(DBN)

Rural America wants its voice heard in 2024 election
(DBN)

'Hillbilly phony': Appalachian tears back curtain on J.D. Vance's 'fictional' background
(DBN)

'Fridge Full of Botox': Representative Matt Gaetz's Physical Appearance at the RNC Ridiculed as He's Compared to 'Beavis and Butthead' Character
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (25 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Mass Torts, The Bankruptcy Power, and Constitutional Limits on Mandatory No-Opt-Outs Settlements
(DBN)

Judge refuses to disqualify leading opponents of J&J's talc bankruptcy plan
(DBN)

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SCOTUS:

Republican Attorneys General Just Want the Supreme Court to Make Them Feel Good
(DBN)

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Aviation:

Airlines and Passengers Still Struggling, a Day After Global Outage Delta Air Lines says cancellations continue as it tries to restore operations after tech outage
(DBN)

Man who made fake bomb threats during in-flight breakup sentenced
(DBN)

Southwest Airlines blames the boiling summer heat for exploding soda cans that have injured 20 flight attendants
(DBN)

The airplane engine of the future could look radically different
(DBN)

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Agribusiness:

How Two Wandering Cows Started a Culture War
(DBN)

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Batteries:

Porsche Mulls Buying a Stake in Troubled Battery Maker Varta
(DBN)

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Theme Parks:

Disneyland workers say they live in cars and motels due to low pay
(DBN)

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Hedge Funds:

RIP hedge fund superstars
(DBN)

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Tech:

Havoc from global cyber outage spills into day 2 Global computer outage is one of the biggest in history Small businesses grapple with global tech outages created by CrowdStrike Here comes the wave of insurance claims for the CrowdStrike outage CrowdStrike’s terms and conditions say most customers would just get a refund due to the massive outage, cybersecurity lawyer says Texas-based CrowdStrike behind worldwide outages Online conspiracy theories abound after major global IT crash Massive CrowdStrike Outage, Explained US Federal Agencies Hit in Outage Caused by CrowdStrike Glitch Texas DPS Driver License offices across the state closed due to 'technical issue' Tech Outage Spurs Insurance Clients to Ready Cyber Claims JPMorgan, UBS and others see effects of IT outage Starbucks Morning Coffee Ritual Disrupted by IT Outage
(DBN)

Massive insider trading alert for CrowdStrike days before global outage
(DBN)

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Celebs:

How tragic Hamptons mogul tried to ‘keep up with the Bezoses’ — but ended up $17M in debt: source
(DBN)

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Climate:

The Persian Gulf is enduring life-threatening heat indexes above 140 degrees Apocalyptic 150F heat dome smashes temperature records as the world bakes
(DBN)

Heat-related Texas deaths climb after Beryl left millions without power for days or longer Why a third of Hurricane Beryl deaths in Texas were due to heat
(DBN)

Texas insurance company says Beryl will cost half of its catastrophe reserve
(DBN)

Court Sides with Biden on Power Plant Rules
(DBN)

Heat Builds in Paris Before Olympics While Parts of Greece Burn
(DBN)

Where Harris and Her Potential Running Mates Stand on Climate Change
(DBN)

Shipping Gets Even Dirtier as Houthi Attacks Fuel Longer Voyages
(DBN)

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Corporate Governance:

Elon Musk v California: what exits of X and SpaceX mean for the Golden state
(DBN)

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Student Debt:

8th Circuit blocks Biden’s student loan repayment plan
(DBN)

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Tourism:

There’s too much tourism
(DBN)

The Spanish fightback against record tourism
(DBN)

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Utilities:

Houston Utility Slammed Over Fumbled Response to Beryl Power Outages
(DBN)

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Coal:

High Returns Lure Wealthy Investors to Fund Coal as Banks Exit
(DBN)

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Sovereigns:

Ukraine has reached an agreement with creditors to postpone external debt payments Ukraine, Key Bondholders Reach $20 Billion Debt Restructure Deal
(DBN)

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UK:

Business insolvencies increase by 16% England and Wales record second-highest company insolvencies since 2009
(DBN)

Starmer Sees Trump Comeback as a Warning About His Own UK Danger
(DBN)

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EU:

Europe turns to conscription as threat of wider war with Russia grows
(DBN)

EU is in Fear of War and Trump
(DBN)

ECB Cut Bets Not Fully Misplaced, But Not Baseline, Kazimir Says
(DBN)

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MENA:

Hezbollah, Hamas launch rocket salvos at Israel
(DBN)

Israel strikes Yemen after Houthis claimed drone attack in Tel Aviv IDF Bombs Sites in Yemen Linked to Iran-Backed Houthi Militia Israel shoots down a missile fired from Yemen hours after a deadly Israeli strike on Houthi rebels Retaliatory strikes between Israel and Houthis latest in cycle of flaring regional tensions
(DBN)

White House discussed sanctioning Israeli ministers over settler violence
(DBN)

Why ICJ ruling against Israel’s settlement policies will be hard to ignore
(DBN)

Israel Votes Against Palestinian Statehood
(DBN)

____________

Germany:

German state cuts benefits for 'lazy' migrants after they refused request to help clear flood debris
(DBN)

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Russia:

Trump and Zelensky Hold Phone Call
(DBN)

Russian Court Jails US Reporter Gershkovich for 16 Years in Spying Case His Employer Calls a Sham
(DBN)

Cubans Are Still Being Recruited by Russia to Fight in Ukraine
(DBN)

Ukrainian Drone Attack Set Russia’s Tuapse Refinery on Fire
(DBN)

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India:

Litigation funding startups eyeing arbitration and insolvency resolution cases
(DBN)

Insolvency & Bankruptcy Code: Rs 10.2 Lakh Cr Defaults Settled
(DBN)

Around 77 % companies liquidated under IBC were already defunct, says Economic Survey
(DBN)

From Billionaire to Bankruptcy Battle in India's EdTech Arena
(DBN)

Byju's founder Byju Raveendran faces reckoning as startup implodes
(DBN)

Financial creditors as key contributors: Importance of hearing intervenors in debt-related insolvency matters
(DBN)

Personalising The Personal Guarantee Regime
(DBN)

India Sets Subdued Economic Growth Forecast as Risks Mount
(DBN)

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China:

China's Sino-Ocean enters deal to restructure $5.6 billion offshore debt Sino-Ocean debt plan gains support, but still faces resistance
(DBN)

Mystery Bond Buyer Clears China Developer’s Debt at 90% Discount
(DBN)

China Surprises With Rate Cut After Xi’s Big Meeting Disappoints
(DBN)

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