July 30, 2024

The Daily Bankruptcy News

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Law:

Good times won’t last for law grads, warns job tracking group • Recent Law School Grads Reach Historic Job, Salary Outcomes -- But Future Law Grads May Be In Trouble
(DBN)

Want to nap at work or hop on a Peloton? These law firms have the amenities
(DBN)

Midsize Boston Firm Searching For Merger Partner After Losing Half Its Lawyers, But Things Are Getting Tough
(DBN)

Take heed before using artificial intelligence, new ABA ethics opinion says
(DBN)

Is This Year's Bar Exam A Disaster?
(DBN)

The Law Schools With The Most Diverse Faculty (2024)
(DBN)

3 Plead Guilty To Law School Embezzlement Scheme
(DBN)

Law Professor Exercises Free Speech Right To Demonstrate That He Doesn't Understand Free Speech
(DBN)

Mark Meadows asks Supreme Court to intervene in his Georgia election interference case
(DBN)

After Only Six Years, DOJ Admits It Was Maybe Wrong To Leak Strzok And Page's Personal Texts
(DBN)

Rudy Giuliani Seeks to Block Borat Movie From Lawsuit
(DBN)

Rudy Giuliani Seeks Bankruptcy Delay in $10M Sexual Harassment Case • Giuliani threatened with return to bankruptcy court over unpaid fees: judge
(DBN)

Iowa's abortion ban, one of the nation's strictest, takes effect
(DBN)

How SCOTUS backed down from another landmark ruling against abortion rights
(DBN)

Mexico Increases Detentions of Illegal Immigrants by 200%
(DBN)

Election officials warn of 'unlawful disenfranchisement'
(DBN)

Fatal Police Shooting of Woman in New Jersey Is Under Investigation
(DBN)

With DUI-related ejection from Army, deputy who killed Massey should have raised flags, experts say
(DBN)

‘We failed Sonya,’ Illinois sheriff says about fatal police shooting of Sonya Massey
(DBN)

An exonerated man was '50 feet from freedom.' Then a court stopped him
(DBN)

Ron Goldman's father files claim against O.J. Simpson estate seeking $117 million
(DBN)

AT&T, other phone companies sued over stolen nude images could face liability after court ruling
(DBN)

Never Hide Your Drugs In a Bag Labeled "Bag Of Drugs"
(DBN)

Judge permanently blocks part of Florida’s ‘Stop WOKE Act’
(DBN)

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Judges:

Houston bankruptcy court resets two-judge panel for big cases
(DBN)

Biden will blast Supreme Court as ‘not normal’ as he endorses term limits, binding ethics rules • Biden left Congress in dark on Supreme Court reforms • Biden Fires Parting Shot at Supreme Court: ‘Not Above Law’ • Joe Biden Targets Clarence Thomas in New Supreme Court Reform • Democrats May Have a Real Chance to Reform the Supreme Court • Biden's plan to reform the Supreme Court is already 'dead on arrival' • How term limits for Supreme Court justices—now backed by Biden—could work • Booker says reform will ‘restore a lot of legitimacy’ to the Supreme Court • 3 statutory ways Supreme Court terms might be limited to 18 years • Bill Barr: Biden’s reforms would purge Supreme Court’s conservative justices • Biden's SCOTUS Reforms Mostly Useless
(DBN)

The inside story of John Roberts and Trump’s immunity win at the Supreme Court
(DBN)

How liberal SCOTUS justices were able to secure a rare win
(DBN)

Echoes of Roe v. Wade in Decision Granting Immunity to Trump
(DBN)

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Wall Street:

Stock futures are slightly higher ahead of key corporate earnings
(DBN)

The U.S. government's case against short seller Andrew Left
(DBN)

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Layoffs:

John Deere under fire for laying off hundreds of American workers as it shifts manufacturing to Mexico
(DBN)

Hardinge notifies employees of potential closure
(DBN)

Furniture company to lay off 101 Florida employees amid bankruptcy
(DBN)

Wells Fargo laying off 130 Las Vegas employees
(DBN)

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Foof/Beverage:

One of America's oldest vineyards files for bankruptcy - putting 134 years of wine making expertise at risk
(DBN)

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Sports:

Diamond Tells Bankruptcy Court It's Close to a Deal With Comcast
(DBN)

Bally Sports North to return to Xfinity – but it's going to cost you • MLB Fans Have to Pay Up to Watch Bally Sports on Comcast Again • Comcast And Diamond Sports Group Reach Carriage Deal, Ending 3-Month Blackout Of 15 Regional Sports Networks
(DBN)

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Non-Profits:

Judge bans Wayne LaPierre from serving in NRA for 10 years, but doesn’t appoint a monitor
(DBN)

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Climate:

Hurricane center ups odds for potential tropical system that could target Florida
(DBN)

The Rush to Shore Up the Power Grid Against Hurricanes, Heat and Hail
(DBN)

Massive California Wildfire Signals Grim Outlook for 2024
(DBN)

The world is getting so hot and humid, parts of it will be uninhabitable
(DBN)

‘Everybody lost everything’: Wildfires decimate historic mining community
(DBN)

Oil companies sold the public on a fake climate solution — and swindled taxpayers out of billions
(DBN)

Germany’s Ballooning Subsidy Costs Show Challenge of Going Green
(DBN)

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Weight Loss:

People are overdosing on injectable weight-loss drugs, FDA warns
(DBN)

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Autos:

The question haunting Fisker’s bankruptcy • California EV maker Fisker went bankrupt. Here’s what buyers are doing about it • Fisker Ocean Owners Creating Homemade Fixes Amid Automaker's Bankruptcy
(DBN)

Elon Musk Says Robotaxis Are Tesla’s Future. Experts Have Doubts.
(DBN)

Small cars are hot again — because they're cheap
(DBN)

Tesla Analyst Nearly Crashes While Using ‘Full Self-Driving’
(DBN)

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Food/Beverage:

Americans keep turning their backs on McDonald’s • McDonald's has a value problem; Q2 same-store sales fall
(DBN)

Gen X and Boomers are the only ones who can afford to eat at fancy restaurants anymore
(DBN)

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Celebs:

Arrest warrant issued for Katie Price for failing to show at bankruptcy hearing
(DBN)

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Utilities:

Fire Victim Trust enters ‘wind down’ stage. Will North Bay victims be made whole?
(DBN)

Almost 20% of Americans Face Prospect of Higher Electric Bills
(DBN)

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Nursing Homes:

Crisis in senior care: 19 more nursing homes in Pa., West Virginia declare bankruptcy
(DBN)

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Education:

Rural Schools Are Fighting for Their Existence. What the Future Could Look Like
(DBN)

OK: More ISDs Push Back Against Bible in Class
(DBN)

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Gig Economy:

Uber, Lyft, and DoorDash have finally won the Prop 22 gig worker battle
(DBN)

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Economy:

What to expect from the Fed this week
(DBN)

While the Fed Waits, Our Pain Accumulates
(DBN)

No, Wall Street, The Treasury Isn’t Rigging the Economy for Democrats
(DBN)

Interest rate cuts probably aren't here just yet, but they could finally reach Americans in under 2 months
(DBN)

Vroom: Main engine of U.S. economy — consumers — showing no sign of sputtering
(DBN)

3 reasons why rising unemployment isn't signaling a recession, Goldman says
(DBN)

What the Fed Is Doing to Our Election, Our Climate and Our Economy
(DBN)

Gen Z strikes back
(DBN)

Workers are clinging to their jobs, finally killing the Great Resignation
(DBN)

Prime-age women are still driving the labor market recovery
(DBN)

McDonald's says $5 value meal sales are hot as consumers feel 'pinch' of inflation • The reason why McDonald's stock is soaring despite a big earnings miss: Value meals
(DBN)

Denver gave people without housing $12,000. Here’s what happened
(DBN)

Global M&A rebounds in first half
(DBN)

US IPO Market to Slow After Lineage, With Quiet Summer Ahead
(DBN)

Borrowers Rush Into Debt Markets With Billions in New Sales
(DBN)

Donald Trump's vision for the US economy
(DBN)

US Cuts Borrowing Estimate, Sees Smaller Year-End Cash Pile
(DBN)

The cost of being poor is rising. And it’s worse for poor families of color.
(DBN)

Political risks shadow slowing U.S. economy
(DBN)

Stop the crackdown on coffee-badging — here's the real problem
(DBN)

U.S. national debt exceeds $35T for the first time ever • 7 Proposals to Rein In the Debt
(DBN)

Undocumented Immigrants in US Pay Nearly $100 Billion in Taxes
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing July 29th Weekly Update: Inventory up 1.3% Week-over-week, Up 39.4% Year-over-year
(DBN)

Fannie and Freddie: Single Family Serious Delinquency Rate Mostly Unchanged in June, Multi-family Increased
(DBN)

Mapped: The Fastest Growing Housing Markets in the U.S.
(DBN)

More than half of American renters who want to buy a home fear they’ll never afford one
(DBN)

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Municipalities:

Frustration mounts over Puerto Rico bondholder insistence on full repayment of legacy debt
(DBN)

The 15 fastest-growing cities and towns in America, ranked
(DBN)

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Oil/Gas:

Visualizing the Global Demand for Oil (2022-2045F)
(DBN)

FactCheck: “Today, America has record energy production and we are energy independent.”
(DBN)

Biden administration says it has replenished strategic oil reserve after Russia war drawdown • Biden Wants More Money to Buy Oil for US Emergency Stockpiles
(DBN)

Texas Crude Oil Pipelines Are Full to the Brim and Getting Worse
(DBN)

103 earthquakes in one week: What's going on in west Texas? • Texas Oil Regulator Investigating Earthquakes
(DBN)

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Fraud:

How One Man Lost $740,000 to Scammers Targeting His Retirement Savings
(DBN)

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Politics:

Invigorated young Democrats give Harris slight lead over Trump • Harris vs. Trump: What the early post-Biden polls tell us • Who Should, And Who Will, Win The Veepstakes? • Why the Kamala Harris of Four Years Ago Could Haunt Her in 2024 • Kamala Harris' new challenge: translating momentum into votes • ‘White Dudes for Harris’ raises $4 million as thousands of white men rally behind presidential bid • Trump's insult trap: Republicans hunt for elusive Harris attack line • Trump, with a history of sexist attacks, again faces a female opponent • The ugly calculus behind MAGA’s racist and sexist attacks on Harris • Carville: Harris ‘gonna get slaughtered’ by attacks; Democrats ‘better be ready’ • Harris VP short list stacked with contenders who can raise big money • Potential Harris running mates condemn Iowa abortion law taking effect Monday • Kamala Harris’ call for ‘reproductive freedom’ means restoring Roe • Kamala Harris fends off claims of antisemitism from GOP — while nodding to suffering in Gaza • Karl Rove Tells Fox News Trump Is ‘Clearly In a Subordinate Role’ to Kamala Harris And ‘Feels Uncomfortable’ • Harris Has the Momentum to Beat Trump • Harris Puts Abortion, a Weakness for Trump, at Center of Campaign • Kamala Harris vice president race narrows with Cooper, Whitmer out • Harris' running mate list is narrowing after 2 top contenders ruled themselves out • Trump launches ad blitz to try to slow Harris surge • Kamala Harris praised ‘defund the police’ movement in June 2020 radio interview
(DBN)

It's Silicon Valley vs. Silicon Valley as Political Fights Escalate
(DBN)

Trump's falling legal fees free up campaign cash
(DBN)

Trump tells Jewish fundraiser: If you don't vote for me, you won't have Israel for very long
(DBN)

Trump agrees to FBI interview for assassination attempt investigation • House leaders announce members of the bipartisan task force to investigate Trump assassination attempt • Local sniper who spotted Trump shooter 1.5 hours before failed assassination attempt speaks out • FBI: Still No Clue Why ‘Intelligent Loner’ Thomas Crooks Shot Trump • Trump assassination attempt: FBI says gunman's family not alarmed by chemical purchases prior to shooting • Secret Service, FBI officials to testify about Trump assassination attempt in latest hearing
(DBN)

Republican Arizona mayor backs Harris over Trump, evoking McCain
(DBN)

Biden’s former communications director: Trump wasn’t saying ‘there will be no more elections’
(DBN)

Harris campaign hits Trump again over debate ‘backtrack’ • Trump will debate Democratic Party's 'ultimate nominee,' says campaign adviser • Trump wavers on Harris debate, says he could ‘make a case’ for skipping
(DBN)

Fox News host challenges JD Vance on ‘childless cat lady’ remarks • Fox News Host Warns Vance He’s ‘Probably Losing’ Over ‘Cat Ladies’ Excuses • Vance's 'childless cat lady' comment was part of broader pattern • JD Vance’s former Yale classmate and friend says emails show political transformation on ‘literally every imaginable issue’ • Trump’s Bro-Pocalypse Advisers Got Him ‘Cat Lady’ Vance • Lindsey Graham tried to stop Trump from choosing JD Vance as his VP pick, report says • Why Democrats are Feasting on J.D. Vance’s Back Catalogue of Bloopers • Vance tells donors Harris change was a ‘sucker punch,’ at odds with campaign • FactCheck: Vance falsely claims Harris is calling to end the child tax credit, which she is actually calling to increase • She went to law school with JD Vance and was his friend for a decade. Hear what she says about him now
(DBN)

Stewart to Republicans criticizing Biden’s exit: ‘You can replace your old guy too’
(DBN)

House Republicans plot major push into Biden country
(DBN)

Elon Musk defends posting a deepfake video of Kamala Harris with a vulgar dig • Deepfakes' parody loophole • Barbara Lee: Musk sharing fake Harris video shows need for AI guardrails
(DBN)

Intel officials warn enemies are eyeing election infrastructure, voter manipulation
(DBN)

The Lies Nostalgia Tells Us
(DBN)

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Gambling:

In Oregon, a Bid for Urban Casinos Threatens a Gambling ‘Arms Race’
(DBN)

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Banking:

Wells Fargo must face lawsuit over sham job interviews
(DBN)

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Manufacturing:

US Machine Maker Files Bankruptcy, Blaming Chinese Regulators
(DBN)

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Religion:

Texas megachurch pastor quits over ‘inappropriate’ behavior • Thousands of churchgoers affected by string of resignations, scandals
(DBN)

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Crypto:

Funds Making Big Bets on FTX Debt Buy $875 Million BlockFi Claim
(DBN)

Over 41.5% of Mt. Gox Bitcoin distributed as creditors continue to hodl
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (56 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Q2 2024 Polsinelli-TrBK Distress Indices Report
(DBN)

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Third Party Releases:

Red Lobster can't use 'opt-out' liability releases for bankruptcy, judge rules
(DBN)

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Mass Torts:

Bankruptcy judge considering deal on mediation in Archdiocese of Baltimore case
(DBN)

Optimizing Your Future (Part II): An Update After the Supreme Court’s Landmark Decision in Purdue
(DBN)

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Bankruptcy Research:

Personal Bankruptcy Law and Innovation around the World
(DBN)

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Aviation:

LATAM Relists On NYSE After Reorganization And Recovery
(DBN)

Australian Airline Rex Set to Fall Into Administration
(DBN)

U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
(DBN)

Airlines suspend Lebanon flights as fears of Israel-Hezbollah war grow
(DBN)

Trump would ‘absolutely’ scrap Biden’s Air Force One colors, adviser says
(DBN)

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Pageants:

Inside the self-destruction of Miss USA
(DBN)

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Healthcare:

Mass. officials look to stymie ‘expedited closures’ of Steward hospitals in Dorchester and Ayer • It’s ‘decimating our community’: Patients and staff on edge as Carney closure looms • They rallied to save Dorchester’s Carney Hospital. It might not be enough • Communities outraged by plan to close 2 Steward hospitals • Massachusetts governor says there's nothing she can do to prevent 2 hospitals from closing • Steward delays hospital sales as protesters rally against closings • ‘We want a better result’: Local leaders promise to hold Steward accountable amid plans to close hospitals • State will Advance Payments to Keep Holy Family Hospital Open; Landlord Remains Obstacle
(DBN)

Central PA healthcare company files for Chapter 11 bankruptcy
(DBN)

Feds agree to Cooper’s plan: $4B in medical debt relief possible
(DBN)

Medicare Advantage's geographic disparities
(DBN)

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Tech:

AI's search quake shakes media landscape
(DBN)

Delta just issued a warning shot to CrowdStrike about the money it wants to help cover some losses from the huge outage • Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage
(DBN)

In the age of AI, there's no future for workers content with being code monkeys — and they know it
(DBN)

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Personal Finance:

‘I don’t have a budget’: Why people are going into debt to travel
(DBN)

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Retailing:

Is Big Lots’ transformation plan enough to save it? • Ohio-based Big Lots names nearly 150 stores closing amid bankruptcy risk
(DBN)

Without Share Buybacks, Subprime-Focused Retailer-Lender Conn’s Wouldn’t Have Had to File for Bankruptcy
(DBN)

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Sovereigns:

IMF Approves $3.4 Billion Funding Program for Ethiopia
(DBN)

Egypt Unlocks $820 Million in IMF Funding After Review
(DBN)

Mozambique Wins Fraud Suit Over Credit Suisse Bond Scandal
(DBN)

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UK:

Selfridges chief quits in surprise move for struggling company
(DBN)

A Thames Water Lender Is Trying to Sell £300 Million of Debt
(DBN)

Britain’s Labour Government Says It Inherited a $28 Billion Budget Hole
(DBN)

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EU:

Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction
(DBN)

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Venezuela:

Maduro locked in standoff with opponents as each side claims victory in presidential elections • Venezuela opposition says its victory is irreversible, citing 73% of vote tallies • Venezuelan opposition says it has proof its candidate defeated President Maduro in disputed election • 'We Were Robbed': Despair In Venezuela After Maduro Victory • Biden pressed by GOP to sanction Venezuela over election results • Official results questioned • World leaders cast doubt on Maduro’s claim of victory in Venezuelan election • Elon Musk warned twice by X for spreading 'fake' Venezuela election interference video • Some Nations Denounce Venezuelan Election Results, Demanding More Transparency • Here’s What to Know About Venezuela’s Flawed Election • US to Weigh Venezuela Vote Transparency on Future Sanctions • Venezuela Election Fight Threatens to Extend Bond-Market Exile • Protest erupts in Venezuela as questions grow over strongman Maduro’s victory • US calls on Venezuelan government to release specific data on election • Venezuela protests surge over Maduro election results
(DBN)

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MENA:

Turkey’s President Says His Country Could Enter Israel to Help Palestinians
(DBN)

Israeli Troops Held for Questioning in Prisoner Abuse Investigation • Far-right lawmakers break into Israeli detention camp, protesting probe into soldiers’ alleged abuse of prisoner • A day of chaos in Israel as far-right protesters storm military bases • Israel Forces Detain Reservists Amid Probe Into Abuse of Palestinian Prisoner
(DBN)

Israel promised a massive revenge attack on Hezbollah but so far hasn't followed through • White House: Risk of Israel-Hezbollah war is "exaggerated"
(DBN)

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Russia:

Biden administration announces new $1.7 billion lethal aid package for Ukraine
(DBN)

Only six Ukrainian pilots trained to fly new F-16 fighter jets
(DBN)

Ukraine Is Still Too Corrupt to Join the West
(DBN)

War in Ukraine: Wide Partisan Differences on U.S. Responsibility and Support
(DBN)

Russia is relying on unwitting Americans to spread election disinformation, US officials say
(DBN)

Russia Races to Legalize Crypto as Sanctions Weigh On Companies
(DBN)

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France:

Dirty Seine From Flooded Sewers Leaves Olympic Triathlon in Doubt • Olympic men's triathlon postponed due to Seine pollution concerns
(DBN)

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China:

Han Kun adds three bankruptcy and restructuring specialists
(DBN)

Liquidators Struggle to Recover Cash From China’s Broke Builders
(DBN)

Chinese solar firm Akcome's subsidiary declares bankruptcy amid plunging prices, overcapacity
(DBN)

Wargames show the US could burn through its ammo in 'as few as 3 to 4 weeks' in a war with China, commission warns
(DBN)

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India:

Bankruptcy rescues keep up faster pace in June quarter
(DBN)

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Malaysia:

A fresh start after bankruptcy
(DBN)

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Mexico:

Gunmen on jet skis open fire at rival drug dealer on Cancun beach, killing 12-year-old boy on lounge chair
(DBN)

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