June 10, 2024

The Daily Bankruptcy News

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Law:

Law Firms Gear Up To Battle Deepfakes
(DBN)

Lewis Brisbois Seeks Arbitration in Pay Spat With Ex-Partner
(DBN)

Judge tosses lawyer’s defamation suit against ex-mayor for alleged crude and insulting statements
(DBN)

Glamorous Atlanta prosecutor is jailed for stealing $15m of Covid funds and using the cash to buy diamond rings and a Rolls Royce
(DBN)

DEI Risk Calculus Tests Corporate Counsel as Pressures Mount
(DBN)

Law firm defends work in $5.6 bln card fee case after disclosing fake claims
(DBN)

State Bar: SoCal Attorney Plotted to Hack Judge's Personal Email, Phone
(DBN)

FYI Biglaw: M&A May Be Back, Baby!
(DBN)

Bedbugs Have Come To Skadden
(DBN)

Columbia Law Review On Strike After Board Of Directors' Censorship
(DBN)

Top 15 Biglaw Firm Is On A Quest To Reach 1K Lawyers In The U.S.
(DBN)

Joshua Wright enjoyed a career as the cleverest mind in antitrust law—until his past caught up with him - WSJ
(DBN)

Judge expunges convictions of lawyer couple who waved guns at protesters in St. Louis Pardoned St. Louis lawyers threaten suit to get guns back after expungement of crimes
(DBN)

Florida Supreme Court rules against prosecutor ousted by governor
(DBN)

'Unjust Debts' author on bankruptcy and the injustice baked in
(DBN)

In middle of 7th attorney, murder defendant complains current lawyer has 'snotty attitude'
(DBN)

Civil Litigators Cannot Usually Relate To Criminal Lawyers
(DBN)

City Sued For $1 Million After Cop Murders A Tiny Dog For The Crime Of Being Lost
(DBN)

If Trump Is Guilty, Does It Matter If the Prosecution Was Political? Democrats torn over Trump conviction one week later Trump talk turns to revenge post-conviction Haberman weighs in on Trump revenge threats: ‘He is not in a happy place’ Trump hush money judge flags Facebook user claiming early knowledge of verdict A self-described ‘s** poster’ launched a Trump conviction conspiracy theory with one Facebook message Internet Troll: I Made Up Story on Trump Verdict Being Leaked Bragg willing to testify about Trump prosecution — but not when the House GOP wants Trump Wants to Jail His Judge. Here’s the Truth: He’s a Hero Trump probation interview set for Monday after hush money conviction Prison bosses preparing to house Donald Trump if he's sentenced to jail following conviction After his historic guilty verdict, Trump is focused on revenge
(DBN)

The Supreme Court’s slow-walk on Trump immunity is playing with fire Republican group pushing back on Trump immunity claim in $2M campaign
(DBN)

Mar-a-Lago judge declines to hear legal arguments from disability rights activists
(DBN)

Steve Bannon Vows Revenge on FBI Director
(DBN)

Bankruptcy lawyers subpoena Rudy Giuliani's spokesperson for financial information Rudy Giuliani's bankruptcy judge orders Sotheby's to put NYC apartment up for sale Bankrupt Rudy Giuliani’s partner in comeback coffee business is also bankrupt
(DBN)

DOJ avoids being dragged into MyPillow-Dominion defamation lawsuit
(DBN)

Trump claims mobs of 500 people are raiding stores to steal air conditioners
(DBN)

'MAGA die-hard' lawyers making plans to claim fraud in Georgia no matter who wins: report
(DBN)

Trump immunity, abortion weigh on Supreme Court before summer recess
(DBN)

Lawyer, doctor, body man, bookkeeper: Joe Biden’s personal aides get involved in his relatives’ business dealings
(DBN)

The Hunter Biden Case Is Solid. There’s Something Rotten About It Too The one big decision left before a jury decides Hunter Biden’s case Hunter Biden’s daughter testifies in his defense as gun trial nears completion Daughter's testimony rocks Hunter Biden trial Hunter Biden to decide whether to testify in gun trial
(DBN)

Menendez co-defendant who flipped describes attempt to 'kill' state investigation
(DBN)

Henry Cuellar’s corruption trial delayed until after election
(DBN)

Baldwin sued again over fatal 'Rust' movie set shooting just after announcing reality show
(DBN)

A Top Biden Ally Thinks His Border Executive Order Will Get Struck Down Biden’s Border Crackdown Could Disproportionately Affect Families Why Biden Is Right to Curb Immigration Critics see Biden evolution in new border order
(DBN)

Texas towns try to close roads to abortion-seekers Texas Court: Who Cares About the Mother? Texas GOP Proposes Potential Death Penalty for Women Who Get Abortions Supreme Court to rule on pivotal abortion cases two years after overturning Roe v. Wade The rise of 'abortion abolitionists' targeting women, doctors and Trump Democratic-leaning doctors flex political muscle in abortion debate Swing states to test Biden's abortion-rights push
(DBN)

Police arrest 91-year-old Canadian auto parts billionaire Frank Stronach on sexual assault charges
(DBN)

NYPD officer accused of shooting driver in New Jersey road rage incident
(DBN)

New Mexico police arrest 11-year-old boy on allegations of monthlong crime spree
(DBN)

‘Intimidated and discarded’: Fired female execs go after top K Street firm
(DBN)

Young Thug trial witness says he's a 'grown' man, refuses to testify, held in contempt
(DBN)

Sacramento mass shooting suspect dies in jail cell, police and attorney say
(DBN)

'Malice aforethought': Beauty queen indicted for murdering boyfriend's 18-month-old son
(DBN)

Socialite convicted in deaths of 2 young brothers writes bizarre jail letter
(DBN)

Ex-high school wrestling coach beat bail bondsman to death after asking to use phone: Cops
(DBN)

Man ambushed, killed woman driving to meet him after 'online marketplace' sale: Police
(DBN)

Man charged with shooting teen, paralyzing him, after senior prank in Walmart parking lot
(DBN)

Mother and relatives who killed 3-year-old in exorcism have shown no remorse: Prosecutor
(DBN)

Murder charges dropped against parents in death of 5-year-old boy found stuffed in cabinet
(DBN)

FBI Releases OJ Simpson Documents
(DBN)

Father of victim in catfish murder plot dies on motorcycle ride meant to commemorate her
(DBN)

Woman who says she inspired ‘Baby Reindeer’ is suing Netflix for $170M
(DBN)

Drivers paying the price as stop sign cameras expand across U.S.
(DBN)

Woman sues Cold Stone Creamery over lack of pistachios in pistachio ice cream
(DBN)

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Judges:

The US bankruptcy scandal playing out in a Texas border town
(DBN)

Thomas acknowledges more travel paid for by Harlan Crow. Colleagues report six-figure book payments Clarence Thomas belatedly discloses lavish travel expenses paid for by Harlan Crow 5 revelations from Supreme Court justices’ latest financial disclosures Beyoncé gifts Ketanji Brown Jackson concert tickets, financial disclosure shows "One of these justices is not like the others": Experts say report exposes Clarence Thomas "grift"
(DBN)

The Single Greatest Detail From The Supreme Court Financial Disclosures
(DBN)

Ex-Trump attorney: Justices accepting lavish gifts ‘degrades the image of impartiality’
(DBN)

Judge Took All-Expense Paid Luxury Retreat Before Anti-Masker Opinion
(DBN)

Can Alito Survive Flag Controversy? Former Alito Clerk Flips On Old Boss Over Upside Down Flag Samuel Alito: Most Tiresome Disney Princess Ever?
(DBN)

Supreme Court’s Strains Intensify as Term’s End Approaches - WSJ
(DBN)

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Wall Street:

 

S&P 500 closes flat near record, posts winning week
(DBN)

The Texas Stock Exchange has its work cut out for it
(DBN)

Beneath the Calm Market, Stocks Are Going Haywire - WSJ
(DBN)

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Layoffs:

Check out the very corporate goodbye email PwC told staffers to send if they're taking a buyout
(DBN)

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Fraud:

Five convicted in $250 million COVID relief scheme
(DBN)

‘Defendants were raising funds to steal,’ claims suit against purported billionaire, associates
(DBN)

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Corporate Governance:

Tesla Pay Fight Gives Elon Musk Taste of Karma - WSJ Norway wealth fund to vote against Musk’s $56 billion Tesla pay package Elon Musk is pitching a daring idea to Tesla shareholders: A vote for Musk is a ticket to the 'Muskonomy' Tesla turns to Musk's small shareholder fans to back $56 billion payday
(DBN)

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Autos:

Hertz's Fire Sale of Teslas
(DBN)

Wholesale Used Car Prices Declined in May; Down 12.1% Year-over-year
(DBN)

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Consumer Finance:

Your life on an installment plan: 'Buy now, pay later' features creep into more credit tools
(DBN)

These disabled people tried to play by the rules. It cost them their federal benefits
(DBN)

CFPB Circular Targets “Deceptive” Fine Print
(DBN)

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Crypto:

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case
(DBN)

Bitcoin ETFs, Bankruptcy Paybacks Have Given Crypto Lending a Second Wind
(DBN)

FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals
(DBN)

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Food/Beverage:

Red Lobster could close up to 129 more restaurants amid bankruptcy filing
(DBN)

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Mining:

Nevada Copper Files For Relief Under Chapter 11 Bankruptcy Protection
(DBN)

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Economy:

U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4% Comments on May Employment Report Strong US Payrolls and Wage Growth Push Back Bets for Fed Cuts Strong jobs report presents conundrum for Biden Here’s where the jobs are for May 2024 — in one chart U.S. economy adds 272,000 jobs in May as hiring stays hot Hiring blows past expectations, showing lingering labor market heat
(DBN)

Women's employment hits new record high
(DBN)

El-Erian Says Strong Jobs Data Closes Door On July Fed Rate Cut
(DBN)

FOMC Preview: No Change to Fed Funds Rate
(DBN)

Q2 GDP Tracking: 1.6% to 3.1%
(DBN)

They accrued debt to buy back their own stock. It led them to bankruptcy
(DBN)

Remember, the U.S. doesn’t have to pay off all its debt, and there’s an easy way to stabilize it, Nobel laureate Paul Krugman says
(DBN)

America's plan to fix its economy is going to screw over the rest of the world
(DBN)

Fed's Flow of Funds: Household Net Worth Increased $5.1 Trillion in Q1
(DBN)

Orange juice falls prey to inflation
(DBN)

Ocean economic boom threatens many potentially conscious species
(DBN)

Some Gen Zers seem to be bringing parents to job interviews. It may not be as bad as it sounds.
(DBN)

The Fastest-Declining State in the US
(DBN)

What Gen Z gets wrong about work
(DBN)

South Africa could be the first-ever country to provide a no-strings-attached universal basic income
(DBN)

House Republicans Preparing Tax Cut Plans for Early 2025
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Mortgage rates dip below 7% as optimism grows around Fed cut
(DBN)

The "Home ATM" Mostly Closed in Q1
(DBN)

School's out, apartments are in
(DBN)

“It’s worse than 2008” —Florida Housing Market Inventory Spikes 1,000%
(DBN)

50 Places Where Home Values Increased 10% in the Last Year
(DBN)

Richmond: Lender wins fight for control of some Hild properties in Manchester
(DBN)

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Municipalities:

Cities know how to improve traffic. They keep making the same colossal mistake.
(DBN)

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Oil/Gas:

Long-range EVs now cost less than the average new car in the U.S.
(DBN)

VW reverses stance on combustion engines: Billions are now being invested
(DBN)

Why China is winning the EV war
(DBN)

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Gig Economy:

Uber and Lyft drivers are desperate for tips. Riders don't shell out, but they'll tip three times as often for food delivery.
(DBN)

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Media:

The Growing Debacle for Will Lewis and the Washington Post
(DBN)

Why did a publication founded to combat China’s abuse of minorities become a mouthpiece for an American president who told China’s authoritarians that it was fine to abuse minorities?
(DBN)

Right-wing media reckoning: Some outlets pay a price after spreading 2020 election misinformation
(DBN)

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Politics:

The summer of never-before
(DBN)

The New Apostolic Reformation Wants God’s Government Back
(DBN)

Biden in Normandy delivers a wake-up call address to Americans
(DBN)

Video edited to make it appear Biden tried to sit down when there wasn’t a chair
(DBN)

‘Suckers’: Biden campaign hits Trump over past comments about veterans in new ad
(DBN)

GOP thinks it has found winning argument for Trump
(DBN)

Trump attempts to take credit for insulin pricing in Truth Social post
(DBN)

Trump: "I've Done More For Black People Than Anybody Since Abraham Lincoln"
(DBN)

Anti-Israel agitator in Hamas headband holds up bloodied Biden face mask steps from White House Protesters Surround White House With 'Red Line' Banner ‘KILL YOURSELF!’ Secret Service Retreats After Being Confronted By Pro-Palestine Protesters In Front Of White House At White House, anti-Israel protesters call to 'kill another Zionist now'
(DBN)

Progressive tensions burst out into the open amid Jones-Bowman split
(DBN)

New Poll Shows Biden and Trump Voters Are Living Different Realities Cultural Issues and the 2024 Election
(DBN)

2024 polls: Biden gains a hair after Trump conviction New Yahoo News/YouGov poll: After Trump felony conviction, Biden leads for 1st time in months — but not by much
(DBN)

3 ways Republicans are trying to use Trump’s conviction to their advantage
(DBN)

When you believe absurd lies and are willing to turn your back on established institutions and the truth, you’re in a cult
(DBN)

Biden faces growing warning signs from ‘uncommitted’ vote
(DBN)

Americans Are Leaving Both Parties. This Colorado City Shows Why.
(DBN)

Texas GOP Priorities: No Immigrants, No Sex, No Democrats
(DBN)

‘That 10 percent is important’: Trump forgoes moderates to juice the base after his conviction
(DBN)

In Silicon Valley, more support for Trump is trickling in. Is it a big threat to Biden?
(DBN)

Haley argues against Israel-Hamas cease-fire: ‘The same as defeat’
(DBN)

Arizona sheriffs knock Kari Lake remarks about GOP challenger Lake Gave Speech in Front of Confederate Flag
(DBN)

Gender identity, abortion divisive subjects for US voters: Survey
(DBN)

Nonprofit connected to Leonard Leo sent millions to his firm
(DBN)

James Carville suggests Biden, Trump causing young voters to disengage: ‘My greatest fear’
(DBN)

Voting in Harmony: A Wisconsin township sets itself apart and has a knack for picking winners
(DBN)

Georgia Republican convicted in Jan. 6 riot walks out during televised congressional primary debate
(DBN)

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Gig Economy:

Demand for food delivery has skyrocketed. So have complaints about some drivers
(DBN)

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Meme Socks:

GameStop shares plunge, halted during Roaring Kitty livestream GameStop shares plunge even as meme stock booster 'Roaring Kitty' says company is on the right track
(DBN)

Andrew Left: Glutton For Punishment
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Healthcare:

Former Medical Supply Owner’s Bankruptcy Dispute: $800K Debt in Question
(DBN)

Why the Dutch are euthanising physically healthy people
(DBN)

What can Trump do about vaccines? More than you might think.
(DBN)

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Maritime:

Bankruptcy Court Approves Plan for Sale of Hornblower
(DBN)

Stuck at sea for years, a sailor’s plight highlights a surge in shipowner abandonment
(DBN)

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Entertainment:

Streaming is the new cable
(DBN)

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Retailing:

Retailers can't keep scammers away from their favorite payment form: gift cards
(DBN)

Walmart store closures are a warning sign of retail apocalypse with other chains also facing threat, expert says
(DBN)

What Retail Apocalypse? Shopping Centers Are Making a Comeback.
(DBN)

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Climate:

The hottest place on Earth is cracking from the stress of extreme heat
(DBN)

National Weather Service forecasts more sweltering heat this week for Phoenix and Las Vegas areas
(DBN)

Chubb CEO says climate change has created ‘tremendous volatility’ for insurance companies
(DBN)

US raises truck, SUV fuel economy rules, much less than first proposed
(DBN)

A climate scientist questioned his findings. It didn’t go well.
(DBN)

Mexico heat wave sees monkeys dying and lions with popsicles
(DBN)

Hundreds of Indigenous families complete relocation off Gardi Sugdub due to rising sea levels
(DBN)

Climate change is deadly. Exactly how deadly? Depends who's counting
(DBN)

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Celebs:

Taylor Swift stops mid-song to help a fan in distress at Edinburgh Eras tour show
(DBN)

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Publishing:

Romance Writers of America files for bankruptcy Inside the Rise and Fall of One of the World's Most Powerful Writing Groups
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (82 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (18 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Alex Jones to Sell InfoWars to Pay $1.5 Billion Debt to Sandy Hook Families Alex Jones, Infowars to part ways to partly pay $1.5B legal settlement Sandy Hook families agree to Alex Jones' bankruptcy liquidation
(DBN)

Justices confirm insurer’s rights to be heard about asbestos bankruptcy plan
(DBN)

Supreme Court Endorses Broad Insurer Standing in Bankruptcy Reorganizations
(DBN)

Anger and sadness at Sunday Mass as news of church mergers and closings sinks in
(DBN)

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Bankruptcy Research:

Bankruptcy Resolution and Credit Cycles
(DBN)

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Bankruptcy Rules:

Bankruptcy Rule 9031: Out of Date and Out of Touch—Why an Amendment is Long Overdue
(DBN)

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Avoidance Actions:

Are Bankruptcy Avoidance Actions Becoming a Marketable Asset Class?
(DBN)

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Make-Whole:

Are Make-Whole Provisions Enforceable in Bankruptcy? It May Depend on Where the Debtor Files
(DBN)

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Aviation:

US appeals court stays order forcing Southwest Airline attorneys attend religious liberty training
(DBN)

Baker McKenzie brings victory for Garuda Airlines in High Court
(DBN)

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Education:

Texas Library Must Reshelve Controversial Books, 5th Cir. Says Trump appointed-judge invokes 'Soup Nazi' in dissent over banned books being reinstated
(DBN)

Judge halts Gaza protest strikes at University of California
(DBN)

A Christian group teaches public school students during the school day. Their footprint is growing
(DBN)

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Fintech:

Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
(DBN)

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Personal Finance:

I’m a divorce lawyer — these are the two main reasons people get divorced
(DBN)

I work 2 full-time jobs from 9 a.m. to 10 p.m. I'm sacrificing sleep, friends, and hobbies so I can retire in my 30s.
(DBN)

Millennials have a favorite parenting style. It isn't working.
(DBN)

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Childcare:

The Covid-19 pandemic worsened a child care crisis, and it’s costing U.S. businesses billions
(DBN)

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Utilities:

ERCOT says Texas could face rolling blackouts in August
(DBN)

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Tech:

Ansel Adams Estate Sues Adobe for AI Images
(DBN)

Tim Cook is about to reveal Apple's plan to dominate the internet for another decade
(DBN)

America might just be about to become great again – no matter who’s President
(DBN)

AI Systems Are Learning to Lie and Deceive, Scientists Find
(DBN)

Silicon Valley in uproar after California lawmakers demand AI firms install ‘kill switch’
(DBN)

China's Tesla rivals are turning to humanoid robots to help build their cars
(DBN)

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Credit Cards:

How disgruntled consumers are abusing one of the nicest perks on their credit cards
(DBN)

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Water:

‘Fighting for 40 years’ – the tiny Texas community facing down Big Industry
(DBN)

Drinking Water Has Highest Contamination Levels in These Five States
(DBN)

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Nursing Homes:

Bankruptcies, closures rock senior care across Pennsylvania
(DBN)

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Cannabis:

Colorado’s Booming Weed Market Went Bust — And Other States Are Taking Notice
(DBN)

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UK:

Tevva Motors appoints administrators
(DBN)

Sir Bradley Wiggins may be forced to sell Olympic medals after going bankrupt
(DBN)

Cineworld plots sale of UK cinema operations
(DBN)

Trump Hasn't Paid £300,000 in UK Legal Fees
(DBN)

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EU:

German and Dutch exit polls suggest a shift to the hard right as voting in EU elections nears an end Far-right gains trigger elections in France, reckoning in Europe Centrist Groups Keep Majority In EU Parliament: Projection 5 Things About the EU Elections EU Swinging to the Right Led by France
(DBN)

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Canada:

Just For Laughs Sells Comedy Catalog Amid Bankruptcy Protection
(DBN)

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Russia:

A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime
(DBN)

Biden apologizes to Zelenskyy for monthslong congressional holdup to weapons that let Russia gain
(DBN)

US says Russia’s advance on Kharkiv is ‘all but over’
(DBN)

Putin is running out of time to achieve breakthrough in Ukraine
(DBN)

Ukraine gets ‘first direct hit’ on Russian soil, destroying ammo warehouse
(DBN)

Ukraine says it hit latest-generation Russian fighter jet for the first time
(DBN)

Why Russia Is Happy at War
(DBN)

‘We’re in 1938 now’: Putin’s war in Ukraine and lessons from history
(DBN)

Macron to ‘finalize’ plans to send Western trainers to Ukraine
(DBN)

France to send Mirage jets to Ukraine – but are they worth the bother?
(DBN)

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MENA:

Israel rescues 4 hostages kidnapped in a Hamas attack on Oct. 7. At least 55 dead in Gaza strikes At least 210 Palestinians reportedly killed during Israeli hostage recovery operation Israel pounds central Gaza as Palestinian death toll in hostage rescue raid rises to 274 U.S. may never know how many died in hostage rescue operation: Sullivan How Israel Pulled Off a High-Risk Hostage Rescue - WSJ Hostage rescue complicates U.S. push for a cease-fire deal The fallout after Israel’s hostage rescue
(DBN)

USA warns Israel: 'Limited war' in Lebanon could push Iran to intervene
(DBN)

Biden admin has discussed negotiating unilateral deal with Hamas to free U.S. hostages
(DBN)

Shouting match ensues between senior Arab officials at Blinken meeting - report
(DBN)

Centrist Benny Gantz, a member of Israel’s war Cabinet, resigns over lack of plans for postwar Gaza Israeli minister Benny Gantz announces his party's exit from Netanyahu's coalition Netanyahu preventing victory over Hamas, Gantz says as he exits coalition
(DBN)

UN set to add Israel, Hamas to ‘blacklist’ over violations against children
(DBN)

US-built pier in Gaza is reconnected after repairs, and aid will flow soon, US Central Command says U.N. food agency pauses its aid work at U.S. pier in Gaza over security concerns
(DBN)

What If the U.S. Cuts Off Aid to Israel?
(DBN)

A Small American Bomb Killing Civilians by the Dozen in Gaza
(DBN)

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Denmark:

Denmark’s PM ‘shocked’ after being attacked in Copenhagen
(DBN)

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China:

China Vanke Crisis May Continue to Spell Trouble for Chinese Lenders
(DBN)

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Germany:

Tens of thousands join election rally against German far right
(DBN)

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France:

Shock in France as Emmanuel Macron dissolves parliament, calls election What If Macron's Election Gamble Doesn't Pay Off
(DBN)

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Belgium:

Belgium Heads for a New Government
(DBN)

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Hong Kong:

British Judges Quit Hong Kong's Top Court
(DBN)

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India:

Revival of Stressed Realty Projects Sees Boost Amid Market Changes
(DBN)

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