July 24, 2024

The Daily Bankruptcy News

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Law:

Lawyers Evenly Split On How Hard Summer Associates Should Work
(DBN)

The Law Schools That Give Students The Best Classroom Experience (2024)
(DBN)

Biglaw Still Doesn’t Get It
(DBN)

Law firm Clifford Chance reports record revenue with US boost Magic circle Clifford Chance equity partners pocket over £2m
(DBN)

The 100 Largest Law Firms In New York (2023)
(DBN)

20-partner team leaves Holland & Knight for rival US law firm Polsinelli
(DBN)

Major asbestos law firm facing RICO suit defends its actions
(DBN)

General Counsel Suggests Partners Take Less And Pay Associates More, Says Associates' Favorite Client Ever Anglo American GC: 'Maybe Partners Should Make Less Money and Associates Should Make More'
(DBN)

Renowned Election Lawyer Has Choice Words For Those Threatening To Sue DNC Over Nominating Kamala Harris As Presidential Candidate
(DBN)

Trump campaign files complaint against Harris taking over Biden war chest
(DBN)

That's A Lot Of Cuts For In-House Legal Departments
(DBN)

Online law grad has ‘truly extraordinary’ case meriting waiver of Utah admission rules, top state court says
(DBN)

Harvard Law grad who sued over bar exam accommodations loses in 2nd Circuit
(DBN)

As a prosecutor, Kamala Harris ‘tried to bridge the tricky divide’
(DBN)

Big Law Donors Jump to Pad Harris’ War Chest for White House Bid
(DBN)

Ain't No Feud Like A Lawyer Feud Because A Lawyer Feud Winds Up In Court
(DBN)

Hogan Lovells Sues Afghanistan Over $1.2 Million in Unpaid Bills
(DBN)

National guardsman who set off an FBI manhunt sentenced for Jan. 6 assault
(DBN)

Project Veritas 'journalist-source privilege' rejected in Ashley Biden diary theft case
(DBN)

DOJ reverses course and tells judge about ‘newly-located, verbatim transcripts’ of Biden biographer audio recordings from special counsel’s classified docs probe
(DBN)

Trump appeal says civil fraud trial judge rubber-stamped 'lawless' AG's campaign promise
(DBN)

Steve Bannon to go on trial in December for alleged fraud in We Build the Wall fundraiser
(DBN)

The Trump Campaign Won't Stop Lying About a Minnesota Man Acquitted of Shooting at Police
(DBN)

Revealed: Here's who paid for 'bankrupt' Rudy Giuliani's first-class tickets to the RNC Mike Lindell goes to bat for Rudy Giuliani on 'first-class airfare' in zombie bankruptcy
(DBN)

Army Reserve punishes officers for dereliction of duty related to Maine shooting
(DBN)

West Virginia is the lone holdout
(DBN)

Chinese Migrants Aren’t an Invading Army
(DBN)

Democrats push US Senate bill to reverse Supreme Court ruling curbing agency power
(DBN)

Judge vacates Missouri man's murder conviction Missouri prison ignores court order to free wrongfully convicted inmate for second time in weeks
(DBN)

Records show deputy charged in Sonya Massey’s fatal shooting worked for 6 agencies in 4 years
(DBN)

Man bludgeons woman to death with can of beans for tearing his Denver Broncos jersey: Cops
(DBN)

Lawyer for man charged with killing 4 University of Idaho students wants trial moved to Boise
(DBN)

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Judges:

Judge who threatened to shoot Black teens for trespassing should be ousted, judicial conduct commission says Judge's threat to 'shoot' Black teens after party chaos warrants removal from bench: Panel
(DBN)

Judge interfered with murder investigation to help wife of victim, faces public censure
(DBN)

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Wall Street:

 

Wall St broadly flat ahead of Big Tech earnings; UPS plummets
(DBN)

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Crypto:

Bankruptcy Court Applies First-of-Its-Kind Valuation Method to Estimate Cryptocurrency Claims
(DBN)

Mt. Gox Moves $3B Bitcoin to New Wallet, $130M to Bitstamp Exchange
(DBN)

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Healthcare:

Steward Health Care to provide update on bankruptcy and sale process Gov. Maura Healey says all Steward Hospitals in Mass. received bids last week No immediate care issues found in bidless Steward hospitals: report Gov. Healey Confirms WHAV Report of Bids for Holy Family Hospital, Calls Them ‘Qualified’ Senate committee scheduled to vote on subpoena for Steward Health CEO
(DBN)

Midwest Christian Villages files for Chapter 11
(DBN)

What a Harris presidency would mean for health care in America
(DBN)

Doctors reveal the 'disastrous' hidden side-effect of the Ozempic boom
(DBN)

Elon Musk vows to ‘destroy the woke mind virus’ that 'killed' his son
(DBN)

Map Shows 17 States With 'Very High' Covid Rates
(DBN)

Iowa's ban on abortions after 6 weeks will go into effect next week
(DBN)

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Hedge Funds:

Hudson Bay Joins Hedge Funds Locking Up Investor Cash for Longer
(DBN)

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Celebs:

Elon Musk's messy divorce with California leaves ugly grievances all around
(DBN)

Elon Musk warns ‘America is going bankrupt’ as interest payments on US debt consumed 76% of June’s income tax revenue
(DBN)

Musk and other billionaires may not like what ‘Trump 2.0’ does to their wealth By backing Trump, Tesla's Elon Musk seems to be ignoring reality once again Elon Musk denies reported $45 million a month pledge to Trump, says he doesn’t ‘subscribe to cult of personality’
(DBN)

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Autos:

July Vehicle Sales Forecast: 16.1 million SAAR, Up 1% YoY
(DBN)

GM far exceeds second-quarter estimates, will restructure struggling China business
(DBN)

GM slows its EV plans again even as sales grow GM Delays Electric Pickup Plant Again, Postpones Buick EV
(DBN)

Europe’s Biggest Electric Car Battery Maker Mulls New Products as Demand Wanes
(DBN)

Tesla’s Profit Falls for Second Straight Quarter Tesla Profit Falls 45% in 2Q Tesla shares fall 7% in premarket trading after earnings miss Tesla’s profit falls short again in a weakened EV market Tesla stages US$386 billion comeback as Musk elevates AI over EVs
(DBN)

Alphabet to invest $5 billion in self-driving car unit Waymo
(DBN)

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Education:

Body cam footage and an 824-page report: An officer's effort to indict school librarians
(DBN)

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Transit:

NYC’s Transit System Faces Another Budget Crisis With Congestion-Pricing Pause
(DBN)

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Private Equity:

Private equity gets creative to buy time for more gains. Clients say pay me now
(DBN)

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Rail:

Rushed railcar inspections and ‘stagnated’ safety record reinforce concerns after fiery Ohio crash
(DBN)

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Economy:

Is the U.S. in a recession? Roughly 3 in 5 Americans think so, report finds
(DBN)

Two-Year Treasuries See Record Investor Demand at Auction
(DBN)

US Business Equipment Borrowings Fall 4% in June, ELFA Says
(DBN)

Fed to cut rates twice this year, with first move in September, economists say: Reuters poll
(DBN)

America's recession indicators are more busted than ever
(DBN)

The Fed is only going to cut rates once in 2024 as shelter inflation is too high and the job market is hot, Vanguard says
(DBN)

Heated US Election Raises Chance of Fed on Hold, Mercer Says
(DBN)

FTC launches probe into ‘surveillance pricing’ that it says links cost to customer data
(DBN)

America’s 60-Year-Olds Are Staring at Financial Peril
(DBN)

Trump's tough trade stance could undercut his plans for a weaker dollar
(DBN)

Trump 2.0 could go ‘nuclear’ on China trade, while economists say Harris would remain tough
(DBN)

Goldman Sees China Saving Fiscal Firepower to Prepare for Trump
(DBN)

What would Kamala Harris mean for the economy?
(DBN)

Republican funding plans crumbling as House eyes early exit
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home prices hit fresh record high, pushing sales down for fourth straight month in June Record house prices depress US home sales in June US Existing-Home Sales Drop to One of Slowest Paces Since 2010 NAR: Existing-Home Sales Decreased to 3.89 million SAAR in June; Median House Prices Increased 4.1% Year-over-Year
(DBN)

Homebuilder Stocks Stage a Wild Rally Amid Fed Cut Hopes
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

June home sales slump, pointing to a buyer’s market as supply increases The worst may be over for homebuyers June home sales slump as median sales price rises to $426,900
(DBN)

The US housing-market logjam keeps getting worse
(DBN)

A Silicon Valley exec had $400,000 stolen by cybercriminals while buying a home. Here’s her warning
(DBN)

Deutsche Bank stock slides on further losses from U.S. commercial real estate
(DBN)

Funds Like Pimco Are Driving a Wave of MBS Turnaround Bets
(DBN)

Stalking horse bidder for LA’s Oceanwide Plaza falls through
(DBN)

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Municipalities:

Americans are flocking to Texas: 9 of the 10 fastest-growing U.S. cities are there
(DBN)

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Oil/Gas:

Fracking quickly drills its way into Harris' run
(DBN)

Kuwait to Double Oil Production by 2035
(DBN)

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Climate:

World logs hottest day since records began — with fresh highs expected in the coming months
(DBN)

AI boom to slow pace of U.S. emissions reduction, report says
(DBN)

Why many scientists fear a second Trump term
(DBN)

Fires Threaten Mediterranean After World Records Hottest Day
(DBN)

Western wildfires destroy homes, pollute air amid persisting heat waves
(DBN)

Evacuation order due to Canadian wildfires Canadian Wildfires Threaten Oil Output, Prompt Evacuations
(DBN)

2024: Climate's Tipping Point
(DBN)

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Tech:

The global tech outage showed how we’re just one mistake away from chaos
(DBN)

A malware strain is threatening critical services
(DBN)

The anticipated disinformation target
(DBN)

G.M. Will Restart Cruise Taxi Service
(DBN)

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Personal Finance:

Meet a baby boomer who will never retire because she has terminal cancer and can't afford to live off $1,800 in monthly Social Security
(DBN)

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Politics:

Biden to speak Wednesday about ending his 2024 reelection campaign Biden to detail plans to "finish the job" in Oval Office address Wednesday World Leaders React to Biden Leaving Campaign “What was not a race yesterday is a race today”: David Axelrod on Biden dropping out In Wilmington, They Like ‘Delaware Joe.’ But They’re Glad He Quit Biden Facing Bizarre Demands to Prove He’s Alive: Where Is He? Biden will make a case for his legacy - and for Harris to continue it - in his Oval Office address Southern Baptist agency tangles itself in knots over Biden’s ‘selfless act’
(DBN)

Harris earns $231 million in donations on first day of presidential campaign Harris leads Trump 44% to 42% in US presidential race, Reuters/Ipsos poll finds Harris neck and neck with Trump in polls, as Wisconsin rally draws 3,000 supporters New Yahoo News/YouGov poll: Kamala Harris has a huge head start for the Democratic nomination — and the strongest numbers against Trump Harris tells roaring Wisconsin crowd November election is ‘a choice between freedom and chaos’ Can Harris — or any other Democrat — access Biden campaign money? George Clooney, Melinda French Gates headline celebrity rush to Harris GOP lawsuits over Kamala Harris using Biden campaign funds or headlining Democratic ballots will all fail, experts say Govs. Cooper and Shapiro, and Sen. Mark Kelly, are among those asked to submit details as part of VP vetting, sources say A shortlist of Democrats who could be a VP pick for Harris What to know about Harris: Her parents, childhood and education Harris' challenge ahead: Winning over swing voters Harris' frank talk on abortion might energize voters Beyoncé gives Harris permission to use her song ‘Freedom’ for her presidential campaign It took less than 24 hours for the attacks on Kamala Harris to get deeply sexist and extremely ugly Kamala Harris might trigger Trump's biggest vulnerability Democratic leaders Chuck Schumer and Hakeem Jeffries endorse Harris for president Jeffries privately tells colleagues Harris will be 47th president Kamala Harris has deep history of appealing to Latino voters It's over! How Dem elites locked in Harris The Attacks on Kamala Harris for Not Having Kids Will Backfire The Secret Reason Team Trump Fears Kamala Harris How Trump Set Deadly Election Trap for Himself Labor groups begin to unite behind Harris' campaign — but some big holdouts remain Harris' record on business: Fighting banks, backing unions The Triumphant Comeback of the Kamala Harris Meme Can Kamala Harris meme her way to the presidency? Biden was losing Asian American voters. Will they support Harris? Hollywood is lining up behind Kamala Harris As a prosecutor, Harris mixed criminal justice reform with tough-on-crime approach Prosecutor vs. convicted felon: How Democrats believe Harris’ background changes the election Enthusiastic crowd chants ‘Lock him up!’ as Kamala Harris leans into ‘prosecutor’ attack on Trump at first campaign rally The KHive Has Some Unlikely New Members: Bernie Stans Tech donors see Harris as one of them. That doesn’t mean they’ll give her money Sanders, holding back endorsement, seeks influence with Harris
(DBN)

Tennessee Republican files articles of impeachment against Harris
(DBN)

Trump's Age, Fitness Arguments Backfire With Biden Exit Trump, 78, just called himself a 'fine and brilliant young man'
(DBN)

Trump says he is willing to debate Harris multiple times
(DBN)

Trump’s New Rival May Bring Out His Harshest Instincts
(DBN)

Trump is furious he spent money attacking Biden but now has to 'start all over'
(DBN)

JD Vance repeatedly indicated in 2016 that he believed Donald Trump had committed sexual assault Karine Jean-Pierre Fires Back at J.D. Vance’s ‘Ridiculous’ Call for Biden to Resign 'Know nothing' J.D. Vance schooled by governor furious over portrayal of rural America Clip resurfaces of Vance criticizing Harris for being ‘childless,’ testing Trump’s new running mate
(DBN)

Republican leaders urge colleagues to steer clear of racist and sexist attacks on Harris
(DBN)

Trump Camp Is Planning to ‘Willie Horton’ Kamala Harris
(DBN)

Trump is back to insulting his opponents despite reported transformation
(DBN)

Secret Service Director Cheatle resigns over Trump shooting outrage Johnson and Jeffries officially announce bipartisan task force on Trump assassination attempt The Secret Service budget has swelled to more than $3 billion. Here's where the money goes Trump Accuses Biden-Harris Administration of Failing to ‘Properly Protect Me’ Graphic video shows Thomas Crooks dead moments after Trump assassination attempt, confirms Secret Service was warned Pennsylvania state police commissioner reveals stunning details about Trump shooting
(DBN)

American Fury
(DBN)

Democratic Sen. Robert Menendez will resign next month after corruption conviction NJ governor promises to fill Menendez seat quickly as first lady bows out
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (52 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (13 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Firms favored reorganizations over liquidations in H1: S&P
(DBN)

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Mass Torts:

Whitehouse, Hawley, Sykes, Gooden Introduce Bipartisan Legislation to Deter ‘Texas Two-Step’ Bankruptcy Trick US Senate bill aims to curb Texas two-step bankruptcies
(DBN)

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Aviation:

Delta is still melting down. It could last all week DOT investigating Delta over IT outage chaos Delta has to manually reset each computer system affected by the mass IT outage Families Left Scrambling After Delta Bars Minors From Flying Alone in Wake of Outage
(DBN)

FAA Launches Probe Into Southwest After Plane Almost Crashes Into Ocean
(DBN)

Boeing Boss Still Hasn't Met with Whistleblowers to Talk Safety, Lawyer Says
(DBN)

Boeing is running out of parking space – again
(DBN)

First Chinese Airline to Go Bust After Covid Fails to Sell Airbus A300 Cargo Jet for Third Time
(DBN)

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Fraud:

A 'Gucci Goddess' stole $109 million from the Army - and bought 30 homes, 82 cars and 1,500 pieces of jewelry
(DBN)

Prosecutors Perhaps ‘Gratuitously Hyperbolic’ About Media Start CEO, But They Weren’t Wrong
(DBN)

‘Friendly fraud’ persists under the radar
(DBN)

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Utilities:

Appeals court signals interest in revisiting PREPA lien decision
(DBN)

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Software:

Software Firm at Heart of Audax, HIG Fight Goes Bankrupt
(DBN)

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Movie Theaters:

Marathon Helped Lead Term Loan Talks on AMC Debt Restructuring
(DBN)

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Retailing:

Home Goods Retailer Conn’s Files for Bankruptcy Following Sales Declines Home Retailer Conn's To Close 71 Doors Amid Chapter 11 Speculation
(DBN)

S&P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail
(DBN)

In survival mode, Belk cuts debt by nearly $1 billion, gives lenders more control
(DBN)

List: Big Lots set to close dozens of stores — here’s where
(DBN)

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Food/Beverage:

Red Lobster Sails Towards Stability as Lenders Cast $376 M Lifeline for Chain's Control Red Lobster Moves Ahead With Fortress Takeover Offer Red Lobster to exit bankruptcy – but CEO warns restaurant closures are just the start of sweeping changes for chain
(DBN)

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Publishing:

The Collapse of Romance Writers of America
(DBN)

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Sovereigns:

Pushed to the Wall, Kenya Mulls Fresh IMF Financing Program
(DBN)

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UK:

People who lost jobs in business failures thrown vital lifeline by Insolvency Service
(DBN)

Insolvency Service continues hard work to tackle Covid loan abuse
(DBN)

'Bankrupt' Labour council makes shocking admission about even bigger debt mountain Budget gap grows to £80m for ‘bankrupt’ council
(DBN)

UK Business Confidence and Orders Grow After Labour Election Win
(DBN)

UK Says Banks Must Preserve Access to Cash After Branch Closures
(DBN)

Thames Water Stake Written Off by Australian Shareholder
(DBN)

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EU:

Euro-Zone Activity Grinds to Halt on Surprise German Slump
(DBN)

China’s Slowdown Is Taking a Rising Toll on European Profits
(DBN)

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Canada:

Cannabis insolvencies driving legal developments
(DBN)

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Venezuela:

Lula raises alarm over Maduro’s ‘bloodbath’ warning to Venezuela
(DBN)

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MENA:

Netanyahu Seeks Support in U.S. Visit, but Will Find a Nation Distracted Harris to skip Netanyahu’s speech to Congress but plans separate meeting Harris skipping Netanyahu address shows daylight with Biden on Israeli leader Senior Israeli figures sent US congressional leadership a blistering letter accusing Netanyahu of threatening Israeli and US national security Netanyahu’s Address to Congress Is a Campaign Rally Netanyahu visit sparks wave of protests in DC, with all sides criticizing the Israeli PM
(DBN)

Unions tell the Biden administration to stop sending military aid to Israel.
(DBN)

U.S., Israel and UAE held a secret meeting on Gaza war "day after" plan
(DBN)

Dozens killed and thousands flee as Israel shrinks ‘humanitarian zone’ in Gaza
(DBN)

Palestinian Factions Declare Unity in Beijing, but Skepticism Is High Multiple past attempts to broker unity have failed
(DBN)

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Russia:

NATO Grapples With a New Long Game Against Putin
(DBN)

Putin Needs '5 Years' To Refill Russian Army As Casualties Reach 550K: UK
(DBN)

The long tale of the yacht linked to a Russian oligarch and abandoned in the Caribbean for more than 2 years finally draws to a close
(DBN)

Portugal Says Ukraine Alone Should Organize Any Peace Process
(DBN)

Trump Circle Wants NATO Allies to Spend Even More on Defense
(DBN)

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Germany:

German Factories Push Private Sector Into Surprise Slump
(DBN)

German parties reach deal to safeguard judiciary amid rise of far right
(DBN)

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France:

Atos Chair Mustier Becomes CEO as Restructuring Moves Ahead
(DBN)

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India:

Byju's steps on the insolvency tripwire. What happens next?
(DBN)

Byju's appeals to NCLAT Chennai against insolvency; hearing set for July 29
(DBN)

Revamp of bankruptcy process to prevent bad loan pile up when tide turns
(DBN)

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