July 31, 2024

The Daily Bankruptcy News

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Law:

Sanction affirmed for lawyer accused of cursing and pushing opposing counsel after ‘tense’ deposition
(DBN)

Former McElroy Deutsch CFO apologizes for ‘terrible decisions’ before getting prison time for embezzlement
(DBN)

Biglaw Comes Out In Force To Support Kamala Harris
(DBN)

AI Feature Embraces Traditional Role Of Asking First-Years To Go Back And Do A Lot More Research
(DBN)

Harnessing The Power Of A.I. To Elevate Fake Lawyering
(DBN)

In First Ethics Ruling On Gen AI, ABA Says Lawyers Must Have Reasonable Understanding Of The Technology, But Need Not Become Experts
(DBN)

The Law Schools That Are The Best For Federal Clerkships (2024)
(DBN)

Utah Law School Graduate Walks Stage A Little Later Than Expected
(DBN)

Lawyer thought he was working with feds when he lost retirement savings to scammers
(DBN)

Bar exam officials offer law grads $1,500 to beta test revised exam
(DBN)

Law school grads could earn license through work rather than bar exam in some states
(DBN)

Garland rips Cannon decision while defending special counsel appointment
(DBN)

How Kamala Harris Can Upend the Supreme Court’s Horrible Immunity Ruling in One Move
(DBN)

J.D. Vance’s Disregard for the Rule of Law - WSJ
(DBN)

Amid opposition, Eric Adams taps Giuliani-connected lawyer for city job
(DBN)

El Chapo son pleads not guilty in US court after dramatic arrest
(DBN)

Mass Stabbing at Taylor Swift-Themed Event Leaves 3 Kids Dead ‘Just Little Girls Who Wanted to Dance’: U.K. Town Mourns Knife-Attack Victims Taylor Swift ‘in Shock’ Following Deadly Stabbing Attack
(DBN)

A Fetus Doesn't Need Its Own Medical Marijuana License, Oklahoma Court Says
(DBN)

New poll shows Florida abortion amendment winning, outperforming Democrats Abortion fights spark major spending in battleground states Kansas hospital sued for refusing emergency abortion
(DBN)

Shaken-baby murder conviction overturned after defendant offers evidence questioning diagnosis
(DBN)

Illinois sheriff, whose deputy killed Sonya Massey, apologizes: ‘I offer up no excuses’
(DBN)

Two ex-Penn students plead guilty in hazing case involving death of teen pledge
(DBN)

R. Kelly petitions Supreme Court to throw out sex crime convictions
(DBN)

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Judges:

Bankruptcy Judge Confirmed to BK SD NY Bench
(DBN)

Approval of U.S. Supreme Court Stalled Near Historical Low
(DBN)

Supreme Court appears to have reached a turning point
(DBN)

Supreme Court Justice Alito’s frustration is growing increasingly palpable in the courtroom
(DBN)

Watch How That Supreme Court Sausage Gets Made
(DBN)

Biden’s Supreme Court reforms will never happen, but they’re still important. The fate of Biden’s Supreme Court proposal may lie with Kamala Harris
(DBN)

Biden Calls Out Senate Republications For Their Partisan Supreme Court Confirmation Antics
(DBN)

Retired judge Luttig backs Biden’s constitutional amendment on immunity
(DBN)

The Supreme Court Is Not Pro-Trump
(DBN)

US Court Staff Filed 17 Complaints Against Judges, Watchdog Says Discrimination top misconduct claim by US judiciary employees, report says
(DBN)

This New Federal Judge Sexual Harassment Case Is Just the Tip of the Iceberg
(DBN)

6th Circuit refuses to block school’s pronoun policy; dissent makes belief-in-ghosts comparison
(DBN)

Judge Whitaker Is Cleaning Out The Mess From The Shoes She's Filling In YSL Trial
(DBN)

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Wall Street:

S&P 500 futures are little changed as Wall Street awaits Fed decision
(DBN)

Great stock rotation hinges on Powell signaling rate cuts soon
(DBN)

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Layoffs:

Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
(DBN)

NerdWallet: 115 layoffs
(DBN)

Tinder parent Match to cut 6% jobs as activist investors seek changes
(DBN)

Intel will cut ‘thousands’ more jobs
(DBN)

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Retailing:

Rise And Fall of Sears: An Illustration Of Risks That Every Successful Business Faces
(DBN)

Bankruptcy court OKs Barnes & Noble’s $1.83M purchase of Tattered Cover
(DBN)

120-year-old furniture chain to shut all 380 US stores in weeks - but will clear stock with massive bargains first
(DBN)

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Politics:

Latest Bloomberg Polls Show ‘Kamala Harris Wipes Out Trump’s Swing-State Lead’ Harris and her VP pick will tour battleground states next week - sources Walz's star rising in veepstakes Harris unveils first major ad buy since Biden stepped aside Border state hawk Mark Kelly as VP pick could help shield Harris on a major liability Gen Z loves making Kamala Harris memes. Will they vote? Harris was expected to have fundraising trouble. Here’s why big donors are actually lining up in droves With Harris, Georgia Democrats Say They See a ‘Fighting Chance’ Harris pulls even with Trump among swing state voters: Poll Kamala Harris' Popularity Reaches Record High Harris derides Trump on border security at Georgia rally as GOP presses the issue Harris calls out Trump at Atlanta rally: ‘If you got something to say, say it to my face’ Harris officially has no challengers for the Democratic presidential nomination Trump’s nephew declares support for Harris Trump claims foreign enemies would regard Harris ‘like a play toy’ Biden was faltering in Georgia. Harris is putting it back on the map UAW planning to endorse Harris GOP ready to pounce on Harris policy pivots
(DBN)

Trump Agrees With Conservative Radio Host That Kamala Harris’s Husband is a ‘Crappy’ and ‘Horrible Jew’
(DBN)

‘You’re a fool’: Trump ramps up attacks on Jewish Democrats
(DBN)

Trump: We Should Bomb Mexico
(DBN)

Harris and Trump in Statistical Tie; Survey Reveals Complex Views on Democracy Harris takes 4-point lead in Pennsylvania; Casey up 5 on McCormick: poll
(DBN)

Lara Trump Likens Kamala Harris to a Designer ‘Trash Bag’
(DBN)

JD Vance In 2021: 'We Have To Go To War' Against The Idea That Women Don't Have To Have Kids It’s not just ‘cat ladies’: JD Vance has a history of disparaging people without kids Manchin dismisses Vance’s childless Americans comments: ‘Very weird’ Murkowski slams Vance's 'childless cat ladies' comments as 'offensive' to women Jon Stewart praises Pete Buttigieg after his 'perfect' take on JD Vance Nevada’s ‘Childless Cat Ladies’ tell JD Vance to ‘go back to that sofa’ ahead of his visit to the Silver State Where J.D. Vance’s weirdest idea actually came from Republican senators divided over Trump sticking with Vance ‘Hillbilly Elegy’ Sales Surge After JD Vance Joins Trump Campaign The last thing JD Vance probably wants to be associated with right now is a couch. But for some reason, he's still talking about it.
(DBN)

The movement desperately trying to get people to have more babies
(DBN)

Democrats' New Attack Line Leaves MAGA Republicans Seething
(DBN)

Secret Service hearing descends into shouting match over Trump rally shooting "What I saw made me ashamed," Secret Service head says of Trump rally security Acting Secret Service director blames local law enforcement for key failure in Trump shooting Top FBI official confirms there is 'absolutely no doubt' Trump was hit by a bullet Secret Service head clashes with Hawley, vows agency officials will not be 'unfairly persecuted' FBI: Thomas Matthew Crooks May Have Hid Antisemitic, Anti-Immigrant Social Page Sniper warns another assassination attempt could be imminent; Failures exposed Secret Service agents could be fired after Trump shooting, acting director says Secret Service confirms internal email blasting leadership over Trump shooting Secret Service goes on offense on Trump shooting
(DBN)

US may lose future conflict with Russia, China without changes: Commission report
(DBN)

Kevin McCarthy Could Reportedly Make Comeback as Trump Chief of Staff
(DBN)

Project 2025 director leaving post; Trump campaign welcomes 'demise' of right-wing playbook
(DBN)

Election deniers gain ground: 5 early takeaways from Arizona’s primaries
(DBN)

How the nation's biggest battleground county is trying to quash election conspiracy theories
(DBN)

Kari Lake wins Arizona GOP Senate primary, setting up a key race against Democrat Ruben Gallego
(DBN)

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Economy:

US Job Openings Hold Steady, Defying Recent Slowdown Trend BLS: Job Openings "Unchanged" at 8.2 million in June
(DBN)

Here’s everything you need to know about the Fed decision coming Wednesday
(DBN)

Fed Expected to Hold Rates and Signal September Cut
(DBN)

Goldman's CEO reverses course, now expects up to 2 rate cuts in 2024
(DBN)

JPMorgan Turkey Chief Sees Interest-Rate Cuts as Soon as October
(DBN)

US Consumer Confidence Rises on Improved Economic Outlook
(DBN)

Employers' big hiring pullback
(DBN)

Consumers feel more confident as expectations of future improve
(DBN)

The market is flashing signs of a dangerous debt bubble with losses that could be 'contagious,' economist says
(DBN)

Job opportunities are slowly disappearing in the US
(DBN)

We’ve been wrong about a key contributor to human happiness
(DBN)

Brides are having brunch weddings, midweek destination nuptials and selling tickets, saving $70K on costs
(DBN)

The tech industry wants to create an AI utopia. Its leaders think Universal Basic Income is the answer.
(DBN)

Workers with 4-year degrees will hold most good jobs in 2031, report predicts
(DBN)

‘Dr. Doom’ Nouriel Roubini Is Looking to Launch His First ETF
(DBN)

Charted: The Largest Company in Every Sector of the S&P 500
(DBN)

Map: The Number of Fortune 500 Companies in Each U.S. State
(DBN)

The Number of People Born Every Year, by Region (1950–2023)
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Case-Shiller: National House Price Index Up 5.9% year-over-year in May Comments on May Case-Shiller House Prices, FHFA: House Prices Unchanged in May
(DBN)

Sellers are 'losing their grip' on the housing market as home prices cool, research firm says
(DBN)

10 States Where Home Prices Are Rising the Fastest
(DBN)

HVS: Q2 2024 Homeownership and Vacancy Rates
(DBN)

San Jose office building may dodge foreclosure with bankruptcy plan
(DBN)

Housing bust forecaster ‘Poison Ivy’ Zelman warns: affordability grind isn’t going away any time soon
(DBN)

More Texas homeowners see double-digit insurance rate hikes as disaster costs pile up
(DBN)

'My House Was Sold on the Courthouse Steps for $3.24 Because I Didn't Pay My $800 HOA Fees'
(DBN)

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Municipalities:

Bankruptcy Rules, Politics Make Chapter 9 Rare Event for Cities
(DBN)

These are the best US cities for recent college grads
(DBN)

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Autos:

Recaro Automotive files for bankruptcy Did Private Equity Push Recaro Into Bankruptcy?
(DBN)

Tesla recalls over 1.8 million US vehicles over hood issue
(DBN)

Tesla keeps touting self-driving but one analyst's near-crash shows it's 'not even close' to autonomy Elon Musk said Tesla robotaxi skeptics should try ‘full self driving.’ A Wall Street analyst nearly crashed Tesla in Seattle-area crash that killed motorcyclist was using self-driving system, authorities say
(DBN)

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Climate:

Extreme Weather Sends Insured Losses 70% Above Historical Norms
(DBN)

Raging California wildfire grows bigger than city of Los Angeles Massive California wildfire moves up the list of state's largest blazes Dozens of wildfires scorch U.S. West as another heat wave looms
(DBN)

Wildfires will put even more pressure on the country’s housing crisis
(DBN)

The American West's last quarter-century ranks as the driest in 1,200 years, research shows
(DBN)

Apocalyptic Floods Destroy Homes in Vermont
(DBN)

Understanding the New Era of Fire
(DBN)

Do you rent? You may be more vulnerable to climate-driven disasters
(DBN)

Global Methane Emissions Highest in Decades
(DBN)

Texas Prisoners Are Being 'Cooked Alive' by High Temperatures, Investigation Says
(DBN)

As the Great Salt Lake dries up, it's also emitting millions of tons of CO2
(DBN)

Airline’s Dumped Climate Goal Opens Door for Industry to Follow
(DBN)

____________

Sports:

Antisemitic protesters chant ‘Heil Hitler’ during Israel soccer match during Paris Olympics
(DBN)

Olympic triathlons to go ahead after water tests show Seine is safe
(DBN)

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Utilities:

Data Center Boom Will Boost AEP’s Electricity Demand By 42%
(DBN)

CenterPoint Wants Houston Customers to Cover $2 Billion in Storm Costs Storms wreaked havoc on Houston power infrastructure. CenterPoint wants customers to foot the bill.
(DBN)

____________

Crypto:

FTX Customers Double Down on Claims Against Sullivan & Cromwell
(DBN)

Here’s Why Mt. Gox Creditors Are Refusing to Sell Their Bitcoin Mt. Gox Creditors Faces Issues on Kraken and Bitstamp Mt. Gox just moved $3B in Bitcoin — Here’s why the price barely blipped
(DBN)

Founder of crypto project BitClout charged with fraud
(DBN)

Terra Hack: $5 Million Reportedly Stolen Amid Terraform Labs Bankruptcy
(DBN)

____________

Education:

Bacone College bankruptcy fight continues after losing accreditation
(DBN)

Valparaiso to eliminate over 2 dozen academic programs
(DBN)

Biden’s efforts to assist transgender students are unraveling
(DBN)

Most Texas adults support school vouchers, new survey finds
(DBN)

____________

Food/Beverage:

Wine conglomerate to sell West Coast assets after Chapter 11 filing
(DBN)

Starbucks revenue misses estimates as same-store sales decline for second straight quarter
(DBN)

____________

Non-Profits:

$4.5M settlement among funds unaccounted for after St. Pete nonprofit files bankruptcy
(DBN)

____________

Pensions:

Report on PERA’s finances raise concerns
(DBN)

____________

Edtech:

2U looks to pay $20.8M it owes to university clients during bankruptcy 2U looks to shed leases for office space amid bankruptcy A look at 2U’s path to bankruptcy
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Jurisdiction:

Fourth Circuit Holds that Bankruptcy Courts are not Limited by “Case and Controversy” Requirement of Article III
(DBN)

____________

Aviation:

Spirit Airlines has decided it would rather be normal than bankrupt
(DBN)

Australia airline Rex cuts jobs, cancels flights after calling in administrators
(DBN)

____________

Tech:

Here's a closer look at how much Big Tech is spending on AI
(DBN)

CrowdStrike extends post-outage losses to 34% on report Delta has hired a lawyer to seek compensation Delta hires David Boies' law firm to pursue damages from CrowdStrike Microsoft says CrowdStrike outage affected many more devices than reported
(DBN)

Microsoft has investors really freaking out about Big Tech's AI spending Microsoft's earnings disappoint on key AI metrics
(DBN)

Meta agrees to pay Texas $1.4 billion in largest state data privacy settlement
(DBN)

Is A.I. Unstoppable? Some Hollywood Craftspeople Fear the Answer Is Yes.
(DBN)

OpenAI Rolls Out Voice Assistant After Delay to Address Safety Issues
(DBN)

Robots Are Coming, and They’re on a Mission: Install Solar Panels
(DBN)

____________

Healthcare:

Massachusetts’ $30 Million Boost to Steward Hit With Objection More delays in sale of local Steward Health hospitals Steward’s Nashoba Valley Medical Center closure could mean ‘life or death’ in central Massachusetts ‘Callous, corporate greed’: Officials call out Steward Health Care after announced hospital closures
(DBN)

Feds push farmworker vaccines to prevent bird, seasonal flus from mingling
(DBN)

____________

Student Debt:

Biden Will Notify Student-Loan Borrowers Before New Round of Relief
(DBN)

What Kamala Harris has said (and done) about student loans during her career
(DBN)

States with the Most and Least Student Debt (2024)
(DBN)

____________

Celebs:

Reclusive Hermès Heir Has No Clue Where His $13 Billion Fortune Went
(DBN)

Katie Price claims she has been 'signed off' from appearing in court during resurfaced interview - as judge issues arrest warrant after she failed to attend bankruptcy hearing Katie Price breaks silence as arrest warrant issued after bankruptcy court no-show Katie Price responds after arrest warrant issued for former model: 'I am neither embarrassed or ashamed' Double bankrupt Katie Price ordered to sell car collection worth thousands after ‘failing to pay back’ creditors
(DBN)

Trina Braxton Files for Bankruptcy Ahead of ‘Braxton Family Values’ Return
(DBN)

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Sovereigns:

IMF Support Helps Ethiopia Unlock $16.6 Billion From World Bank
(DBN)

____________

UK:

Update on insolvency statistics: June 2024
(DBN)

UK’s Southern Water Risks Downgrade to Junk by Moody’s
(DBN)

The Personal Liability Implications for Directors of the SFO’s New Investigatory Powers
(DBN)

Carpetright’s collapse leaves creditors facing £213m loss
(DBN)

Wine mogul told to pay millions of pounds for misleading investors
(DBN)

Slow wage growth, soaring rent, and damp-infested flats have created an existential risk for London, leaving millennials asking why they still live there
(DBN)

Labour dares to take on Britain's boomers
(DBN)

Bank of England’s rate cut is on a knife-edge even with inflation on target
(DBN)

____________

EU:

Europe’s €10 trillion gamble
(DBN)

____________

Venezuela:

16 Reported Dead in Venezuelan Protests Venezuela's contested election may push more people to leave Venezuela’s Power Struggle Deepens, With Dueling Rallies Planned Venezuela’s Post-Elections Turmoil Dashes Creditors’ Hopes Maduro Tells Brazil He’ll Release Venezuela Ballot Records in Coming Days Venezuela’s Maduro, whose presidency is disputed, challenges Elon Musk to a fight Protests grow in Venezuela as concerns over the presidential election's legitimacy persist
(DBN)

____________

Russia:

Have babies for Russia: Putin presses women to embrace patriotism over feminism
(DBN)

US Tanks, Combat Vehicles Spotted Heading for NATO's Eastern Flank: Report
(DBN)

High-profile Russian Political Prisoners Reported Moved
(DBN)

The US is giving Ukraine a cache of advanced missiles and bombs to go with its F-16s: report
(DBN)

Ukraine Ramps Up Mobilization, Hoping to Bolster Battlefield Strength
(DBN)

Russia will use cryptocurrency to handle backlogged payments to allies amid Western sanctions: reports
(DBN)

____________

MENA:

IDF strikes Beirut, targets Hezbollah commander responsible for strike
(DBN)

Hamas political leader Ismail Haniyeh killed in Iran, group says Hamas says its leader was assassinated in Tehran by Israel Assassination of Ismail Haniyeh comes at a fraught time for the region as Khamenei vows to avenge his death What we know about the assassination of Hamas’ political leader
(DBN)

Oil Prices Soar After Israel Kills Hamas Leader and Hezbollah Senior Commander Israeli Assets Tumble After Hamas Political Leader Killed
(DBN)

‘The destruction is massive’: Khan Younis residents return to rubble after Israeli military withdraws Israeli forces quit east Khan Younis, Palestinians recover dozens of bodies
(DBN)

Soldier arrests for alleged Gaza abuse shake Israel’s war unity
(DBN)

Gaza’s Only Humanitarian Zone Has Shrunk by a Fifth Recently
(DBN)

The Truth About Iran’s Efforts to Promote Gaza Protests
(DBN)

US carries out first air strike in Iraq since February as regional tensions worsen
(DBN)

____________

France:

French Farmers Facing ‘Catastrophic’ Harvest Seek State Help
(DBN)

____________

Germany:

Did Private Equity Push Recaro Into Bankruptcy?
(DBN)

____________

China:

Chinese solar firm forced into bankruptcy as glut deepens
(DBN)

Why Chinese Stainless Steel Giant Jiangsu Delong Faces Bankruptcy Reorganisation
(DBN)

China Factory Activity Shrinks for Third Month in Hit to Growth
(DBN)

Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns
(DBN)

____________

India:

Byju’s, BCCI in settlement talks to avoid insolvency proceedings
(DBN)

Byju's-BCCI Reconcile But US Lenders Raise Concerns Over Source Of Settlement Funds
(DBN)

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