June 11, 2024

The Daily Bankruptcy News

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Law:

Sometimes Biglaw Mergers Can Be Wildly Successful
(DBN)

The Top Law Firms For Women & Diverse Attorneys (2024)
(DBN)

Matthew Micheli Joins Arnold & Porter’s Bankruptcy and Restructuring Practice in Chicago With Bankruptcy 'Robust,' Arnold & Porter Adds Partner in Chicago
(DBN)

Now *You* Can Take The Law School Class All About Taylor Swift
(DBN)

That's Not How Pleading The Fifth Works
(DBN)

Gen AI Cut Lawyers’ Drafting Time in Half, UK’s Ashurst Says
(DBN)

Kirkland Sued In Class Action Case Over 2023 Ransomware Attack Kirkland & Ellis Targeted in Massive MOVEit Data Breach Lawsuit
(DBN)

Lawyer Learning The Hard Way Offensive Nicknames For Colleagues Are, In Fact, Offensive
(DBN)

Was the Columbia Law Review Shutdown Really About Editing? Student editors at Columbia Law Review vote to strike after website shutdown, report says
(DBN)

‘The Debtor’s ‘trust but verify’ window has closed’: Bankruptcy creditors rip Giuliani over ‘disturbing pattern’ of reporting no income Giuliani's bankruptcy creditors to subpoena 9/11 charity acting as 'financial safety net' Bankruptcy lawyers look to expose financial ties between Giuliani and 9/11 charity Rudy Giuliani May Have 9/11 Lung Disease, His Attorney Says Rudy Giuliani Calls Fani Willis a ‘Ho’ at Far-Right Christian Rally Rudy Giuliani's latest mugshot released: 'America's Mayor' smirks in Arizona booking photo after he was indicted in fake electors scheme
(DBN)

Hunter Biden’s Defense Rests in Gun Case Without His Testimony Jury begins deliberating in Hunter Biden trial Prosecutor Urges Jurors to Ignore Hunter Biden’s Fan Club as Deliberations Begin One Thing Everyone Is Missing About Hunter Biden’s Case She's Hunter Biden's rock. She may also be his secret weapon with the jury Hunter Biden gun trial jury ends first day of deliberations without reaching verdict Hunter Biden lawyers embrace Second Amendment, claim evidence lacking in acquittal bids
(DBN)

Steve Bannon Threatens the Media if Trump Wins
(DBN)

House GOP to go on offense on investigations Comer, after criminal referrals, pledges to go after Biden: ‘This is just the beginning’ House Republicans eye Garland contempt vote over refusal to turn over Biden special counsel interview audio
(DBN)

Coast Guard Academy official resigns, says she was directed to lie to Congress as part of ‘cruel’ sexual assault cover-up
(DBN)

Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: 'A reliable legal system is not a given' Never mind: Wall Street titans shake off qualms and embrace Trump
(DBN)

Trump Probably Won't Have Much Luck With His Appeal POLL: What Sentence Do You Think Donald Trump Gets In This Case? What to know about Trump's probation interview before New York sentencing Trump got special treatment from NYC probation, and defense lawyers are crying foul Donald Trump completes mandatory presentencing interview after less than 30 minutes of questioning Trump’s felony convictions are having minimal impact on his campaign
(DBN)

Judge Blocks Mike Lindell's Plan To Subpoena Government For Proof Of Magical Election-Stealing Super-Algorithm
(DBN)

Judge Aileen Cannon tosses another curveball in the Trump cases Judge strikes paragraph from Trump classified docs indictment but denies request to dismiss charges Trump pushes another delay after expert witness dumps him in classified documents case
(DBN)

Trump delay tactics freeze legal battles post-conviction
(DBN)

'I really can't be fact-checked': Alina Habba doubles down on bizarre childhood claim
(DBN)

Another YSL RICO Attorney Is Facing Jail Time
(DBN)

Bob Menendez had 'complete knowledge' of case linked to bribery, witness testifies Businessman Says He Asked Senator Menendez Directly for His Help Bob Menendez's Hail Mary: Just keep running
(DBN)

Forced religious-liberty training order likely violates lawyers’ constitutional rights, 5th Circuit says
(DBN)

Pew: Most Black Americans say police, government plot against them
(DBN)

Gun suicides account for most firearm-related deaths in U.S.
(DBN)

This is the dangerous Venezuelan gang infiltrating the US that you probably know nothing about but should
(DBN)

Inside a cartel's human-smuggling operation
(DBN)

'This will not be 1968.' Chicago police prep for DNC
(DBN)

Biden administration is considering protecting undocumented immigrants who are married to citizens Unaccompanied minors represent themselves in federal court as migrant cases surge
(DBN)

Video shows investment banker punching person in the face in Brooklyn NYC banker who slugged woman at Pride event lashed out after clash with anti-Israel group: source
(DBN)

LA socialite who killed 2 boys with car whined to judge that she’s suffered enough — before he gave her 15 years to life
(DBN)

Massive fire breaks out at Miami apartment building, employee of building found shot at scene
(DBN)

Cop turned murderer known for being Jeffrey Epstein's cellmate sent to prison for life
(DBN)

FBI hunting 500 serial killer truckers loose on America's roads
(DBN)

Juror Handed Bag Full Of Cash To Acquit? Did It Have A Big Dollar Bill Sign On The Side?
(DBN)

Mother has harsh words for woman who killed her 2 young son while racing in neighborhood
(DBN)

Florida officials to release cold case playing cards in hopes of cracking new leads
(DBN)

Mapped: U.S. States by Cost Per Prisoner
(DBN)

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Judges:

Alito, Roberts secretly recorded at historical society dinner Justice Alito Caught on Tape Discussing How Battle for America ‘Can’t Be Compromised’ Samuel Alito Gets Remarkably Candid in Secret Audio Recording Samuel Alito Caught On Tape Saying All The Awful Things You Imagine He Says 'These justices need to grow up': Shocking secret audio of Alito sparks calls for reforms The secret recordings of Alito and Roberts will likely backfire Alito and his wife are captured in audio recordings talking about abortion leak, flag controversy Justice Alito’s wife vows revenge for flag controversy in secret recording Alito's Wife Slams Pride Flags, Media and the Left
(DBN)

Supreme Court’s John Roberts has edge on Democrats amid subpoena talk
(DBN)

Whitehouse calls on Alito for info on ‘improper’ WSJ interview
(DBN)

Justices Sotomayor and Kagan must retire now
(DBN)

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Wall Street:

Stock futures slip as investors gear up for start of Fed policy meeting
(DBN)

There's a stock market crash coming in 2025 as the 'bubble of all bubbles' bursts, economist says
(DBN)

S&P 500 and Nasdaq close at fresh records, clinch first winning day in three as Fed decision approaches
(DBN)

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Layoffs:

 

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Corporate Governance:

Longtime Tesla Holder Baillie Gifford Backs $56 Billion Musk Pay Tesla stock is set to drop as Elon Musk's $56 billion pay package unlikely to get approved, Wall Street analyst says California pension fund opposes 'ridiculous' Elon Musk pay package at Tesla Another Tesla shareholder came out against Elon Musk's multibillion-dollar pay package, saying the billionaire should 'focus on going to Mars'
(DBN)

Tesla Urges Rejection of $5.6 Billion Legal Fee in Musk Pay Case
(DBN)

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Student Debt:

Disillusionment of Discharge: The FRESH START Through Bankruptcy Act
(DBN)

A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part time in retirement.
(DBN)

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Politics:

The Republicans taking credit for federal funding they voted against
(DBN)

Biden's approval rating just hit its lowest mark on record
(DBN)

Donald Trump Suffers Quadruple Polling Blow
(DBN)

U.S. consulate in Australia vandalized with pro-Palestinian graffiti
(DBN)

Biden campaign cites ‘convicted criminal’ Trump in highlighting FBI crime stats Biden campaign seizes on Trump’s ‘I don’t care about you’ line
(DBN)

Trump’s calls for political vengeance worry Senate GOP Trump Preaches Gospel of Grievance at Sweltering Post-Conviction Rally Could Donald Trump’s Revenge Fantasies Come Back to Bite Him?
(DBN)

Biden, Trump to make dueling pitches to big business
(DBN)

Trump to meet with Republican senators
(DBN)

Greene compares Trump to Jesus at Nevada rally
(DBN)

Trump: I Never Called Dead Soldiers Losers John Kelly: Trump Called Dead Soldiers Losers
(DBN)

Trump questions if ‘unusually beautiful’ Taylor Swift is ‘legitimately liberal’ or it’s ‘just an act’ Donald Trump’s Been Creeping on Taylor Swift Since She Was 22
(DBN)

Trump embraces harsh immigration rhetoric during Las Vegas rally Trump fumes over tech problems at his Las Vegas rally, threatens not to pay the crew
(DBN)

Trump speaks to Christian group that wants to "eradicate" abortion 'He sounded more like a politician': Trump gets hit by both Dems and his own supporters on abortion
(DBN)

Meet Trump’s New Christian Kingpin
(DBN)

MAGA’s Great Black Hope: No experience and few accomplishments. But he sure is mad Republican governor nominee Mark Robinson entertained conspiracy theories that the U.S. government was behind the attack on Pearl Harbor and death of General Patton
(DBN)

Neo-Nazi March in South Dakota Condemned: 'Not Welcome Here'
(DBN)

Some Conservatives Are Accepting Defeat On Marriage Equality. Here’s Why.
(DBN)

Members of Congress Take Lobbyist Jobs Paying as Much as $4 Million
(DBN)

Key senators believe the Pentagon’s UFO office is lying
(DBN)

$800,000 wire transfer from billionaire donor to US Chamber raises curtain on dark money
(DBN)

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Economy:

What the Fed’s interest rate dot plot this week really means
(DBN)

AAR: Rail Carloads Down YoY in May, Intermodal Up
(DBN)

Fed’s Higher-for-Longer Stance Hits Firms That Expected Rate Cut
(DBN)

The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say
(DBN)

Armed Conflicts Highest Since End Of WWII
(DBN)

Gen Z Plumbers and Construction Workers Are Making #BlueCollar Cool - WSJ
(DBN)

Potential $17,000 Social Security cut would catch most couples by surprise, survey finds
(DBN)

Gen Xers and boomers are giving up on hybrid work: They're either all in or out on the office
(DBN)

I caught my employee secretly working a second remote job. Here's why I decided to fire them — and why I think overemployment is unethical.
(DBN)

Jeff Bezos dethrones Bernard Arnault to reclaim crown of world's richest person
(DBN)

Baltimore shipping channel fully reopens after fatal bridge collapse
(DBN)

Countries with the Biggest Gender Disparities in their Workforces
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Subchapter V Bankruptcy Filings for Multi Property Real Estate
(DBN)

Pimco Warns of More US Regional Bank Failures on Property Pain
(DBN)

Q1 Update: Delinquencies, Foreclosures and REO
(DBN)

"Seriously underwater" mortgages live in the South and Midwest
(DBN)

"Mortgage Rates Slightly Higher to Start Pivotal Week"
(DBN)

Mortgage closing fees are in the hot seat. Here's why the feds are looking into them.
(DBN)

The US office sector will worsen through next year, and the recovery will be slower than after the 2008 crisis, Fitch Ratings says
(DBN)

It’s all fun and games now at these dead former Sears stores
(DBN)

NYC Landlord to Sell Manhattan Office at Roughly 67% Discount
(DBN)

Homeownership Costs in the US Jumped 26% Since Pandemic Began
(DBN)

Home equity is near a record high. Tapping it may be tricky due to high interest rates
(DBN)

What to expect from the housing market in the second half of 2024, according to real estate experts
(DBN)

Housing June 10th Weekly Update: Inventory up 1.1% Week-over-week, Up 37.8% Year-over-year
(DBN)

NC developers seek to build on land with up to 3,000-year-old Native American remains
(DBN)

The Unlikely New Real-Estate Darling: Restaurants - WSJ
(DBN)

Industrious Takes Over WeWork’s Former Midtown HQ in 240K-SF Deal
(DBN)

Flexible Living Pioneer, Common Living, Goes Bankrupt
(DBN)

Co-living seemed like a perfect solution to the Gen Z and millennial housing shortage—but the closure of yet another pioneer reveals an uncertain future
(DBN)

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Oil/Gas:

White & Case Acts as North Sea Oil Company Waldorf Files for Administration
(DBN)

Noble Corp. Buys Diamond Offshore Continuing Sector Consolidation
(DBN)

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Healthcare:

Rural Health Care in the Age of Hospital Bankruptcies
(DBN)

Ventilator-Maker Vyaire Goes Bankrupt as Covid-19 Demand Wanes
(DBN)

Should Steward execs be stripped of management powers? Plus when will hospitals be sold? Steward says it has secured new funding to run its hospitals through month’s end
(DBN)

Struggling healthcare company files for Chapter 7 bankruptcy, liquidation
(DBN)

Steward, Cano and more: 5 recent healthcare bankruptcies
(DBN)

Hospitals Are Hacked, Then Sued. Is It Fair?
(DBN)

SCOTUS Deals A Blow To Medical Debt Collectors
(DBN)

FDA advisors recommend Eli Lilly’s Alzheimer’s drug donanemab, paving way for approval
(DBN)

What retailers might do next on health care
(DBN)

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Sports:

"Peter Lim saved Valencia from certain bankruptcy"
(DBN)

Fans sentenced to prison for racist insults directed at soccer star Vinícius Júnior in first-of-its-kind conviction
(DBN)

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Mining:

Near Record Copper Prices Can’t Stop One Miner From Going Bust
(DBN)

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Retailing:

Express' Landlords Zero In On $160M Acquisition Of Distressed Tenant
(DBN)

Dartmouth Mall owner says company stronger after emerging from 2nd voluntary bankruptcy
(DBN)

Buy Walmart stock for 21% upside as the company is positioned to weather a consumer slowdown later this year, JPMorgan says
(DBN)

Why one-stop grocery shopping no longer exists
(DBN)

World's largest convenience store now open in Texas
(DBN)

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Personal Finance:

Thinking of booking a cruise? Here are the lines you should — and shouldn't — sail with.
(DBN)

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Climate:

"Tornado Alley" is shifting, putting Midwest and Southeast in its sights
(DBN)

Dangerous heat wave could break temperature records, again, in cities across the country this week
(DBN)

Flooding set to cost U.S. hundreds of billions as risks mount
(DBN)

Why this summer’s forecast is bad news for the US after an exceptionally disastrous start to the year
(DBN)

May tornadoes, derecho storm push weather damages past $25 billion so far this year
(DBN)

How did a sudden reduction in shipping pollution inadvertently stoke global warming?
(DBN)

Supreme Court seeks Biden administration's views in major climate change lawsuits
(DBN)

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Agribusiness:

With 100M birds dead, poultry industry could serve as example as dairy farmers confront bird flu
(DBN)

As conservative media pushes raw milk, Louisiana set to legalize its sale
(DBN)

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Pageants:

Miss Maryland USA, an Asian American trans military wife, speaks out against hate
(DBN)

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Food/Beverage:

Flavor Flav Stars in New Red Lobster Commercial After Vowing to Save Company from Bankruptcy
(DBN)

Foxtrot co-founder on plan to reopen stores
(DBN)

Former President Donald Trump proposes at Nevada rally ending taxes on tips
(DBN)

Restaurant robots can cook, serve and bus your meal now
(DBN)

US jury holds banana giant Chiquita liable for financing Colombia paramilitaries
(DBN)

America’s Takeout Food Preferences: A Decade of Change
(DBN)

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Entertainment:

Amid Outcry, Academy Museum to Revise Exhibit on Hollywood’s Jewish Roots
(DBN)

Shark Tank's Potential Billion Dollar Business Went Bankrupt And It Was Blamed On Kevin O'Leary And Mark Cuban
(DBN)

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Theme Parks:

A new Disney ride opens soon, splashing right out of the culture wars
(DBN)

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Pharma:

Pharmacists sound alarm over drug shortages
(DBN)

Dozens of CVS drug recalls expose link to tainted factories in China, India
(DBN)

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Fintechs:

“Banking-as-a-Service” Firms Can Evaporate Your Life Savings
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Alex Jones cries before agreeing to liquidate assets to pay Sandy Hook families Alex Jones Won't Shut Up His Painfully Stupid Face About Sandy Hook InfoWars Host Alex Jones’ ‘Final Performance’ May Come Ahead of Court Hearing Friday
(DBN)

'A smorgasbord of tactics': Mallinckrodt docs outline 'tricks' used to boost opioid sales, BMJ analysis finds
(DBN)

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Bankruptcy Reform:

Thwarting the Inevitability of Over-Indebtedness
(DBN)

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Bankruptcy Fees:

Non-Uniformity is the New Uniformity: Inconsistent Quarterly Fees and Why the Bankruptcy Administrator System Must Go
(DBN)

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Aviation:

An activist investor with a new $1.9 billion stake in Southwest is calling for big changes at the airline Elliott lands on Southwest's runway, seeking CEO exit
(DBN)

Singapore Airlines has offered $10,000 to passengers who got hurt when their flight hit severe turbulence
(DBN)

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Meme Stocks:

GameStop shares slide 12% following Friday’s 40% sell-off
(DBN)

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Celebs:

Bankruptcy case of Deion Sanders' son Shilo comes down to these two things: What to know
(DBN)

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Education:

5th Circuit orders 8 books returned to shelves of Texas library; ‘flatulent humor’ group not included
(DBN)

Why the Head of One of New York’s Most Elite Schools Quit Head of NYC’s elite Collegiate School resigns weeks after being accused of ripping antisemitism task force as a ‘joke’
(DBN)

Court sides with school that sent student home for 'There Are Only Two Genders' shirt
(DBN)

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Private Equity:

Apollo Co-President Is Not Here To Sugar Coat Things For You
(DBN)

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Satellites:

Intelsat bankruptcy: “Case closed”
(DBN)

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Printing:

Book Manufacturing Industry Is in Turmoil
(DBN)

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Personal Finance:

She's a 27-year-old electrician — and she makes $200,000 a year off social media posts about her job
(DBN)

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Solar:

iSun, a major Vermont solar installer and the parent company of SunCommon, files for bankruptcy iSun bankruptcy could cause shakeup in regional solar industry
(DBN)

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Crypto:

The Last Trace of Sam Bankman-Fried’s Political Ambitions
(DBN)

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Labor:

Teamsters president seeks speaking slot at both party conventions
(DBN)

UAW president under investigation by federal monitor
(DBN)

U.A.W. Reaches Accord on Pay and Safety at E.V. Battery Plant
(DBN)

East Coast Dockworkers Halt Labor Talks Amid Looming Strike Threat
(DBN)

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Tech:

X is pushing advertisers to use Grok, the sarcastic, not 'woke' AI bot. They're not interested.
(DBN)

Meet "Apple Intelligence," the iPhone maker's flavor of AI AI is coming to your iPhone: Five takeaways from Apple’s big announcement Check out the coolest things Apple's AI can do Apple is making the iPhone more like Android
(DBN)

AI may have just had its iPhone moment
(DBN)

Musk says he will ban iPhones
(DBN)

For venture capitalists, it's about AI and then everything else
(DBN)

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Tourism:

Ranked: The 10 Most Visited Countries in 2023
(DBN)

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UK:

Coronation Street's Bill Roache clears mega-tax bill after avoiding second bankruptcy
(DBN)

Do you need the consent of paid secured creditors to an administration extension?
(DBN)

Sussex and the South East see increase in insolvency-related activity, new analysis reveals
(DBN)

Nigel Farage eyes debanking revenge with plan to hit bank profits
(DBN)

Another EV Maker Bites The Dust: Arrival Joins Growing List Of Bankrupt Startups
(DBN)

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EU:

Why Europe is lurching to the right Emmanuel Macron makes big gamble in response to the far right's E.U. election wins In Germany, Far-Right Party Rises to 2nd Place in E.U. Election AfD: How Germany's far right won over young voters Russia mocks Macron following EU election defeat In Calling Elections in France, Macron Makes a Huge Gamble France's Far Right to Team Up Against Macron Macron Resignation Report Denied by Person Close to President
(DBN)

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Canada:

Canada’s Parliament rocked by allegations of treason
(DBN)

Canada’s Big Worry: A US Civil War
(DBN)

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Ireland:

Alan Hynes bankruptcy extended by High Court to 10 years over ‘total’ non-cooperation with trustee
(DBN)

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Hong Kong:

Top Hong Kong Court Loses Third Overseas Judge as Scrutiny Rises
(DBN)

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France:

Le Pen’s Party Seen Leading With 34% in French Election, Poll Shows
(DBN)

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Argentina:

Argentine Bonds, Peso Tumble as Wall Street Gets a Reality Check
(DBN)

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MENA:

UN Security Council adopts U.S.-led resolution calling on Hamas to accept hostage deal
(DBN)

Hostage rescue operation and Israeli political turmoil sharpen Biden’s damaging dilemma
(DBN)

Senate's bipartisan talks on ICC sanctions break down
(DBN)

‘Don’t know which body belongs to whom:’ Hear from eyewitness of Gaza strike New details emerge about Israel's deadly hostage rescue — and how it almost fell apart Israel’s Military Says 3 Rescued Hostages Were Held in Hamas Member’s Home UN says Israeli forces and Palestinian armed groups may have committed war crimes in a deadly raid
(DBN)

UN program pauses food distribution from Gaza pier, citing safety concerns
(DBN)

Momentum grows behind Democratic boycott of Netanyahu speech
(DBN)

Israel’s “war cabinet” just fell apart. What happens now?
(DBN)

Israel alleges journalist held hostages in Gaza, without providing evidence
(DBN)

US close to finalizing landmark security alliance with Saudi Arabia
(DBN)

Iran set for hardliner-dominated election to replace Raisi
(DBN)

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Russia:

Ukraine strikes Moscow's most advanced fighter jet inside Russia
(DBN)

Lindsey Graham pushes Biden to seize frozen Russian assets to aid Ukraine
(DBN)

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Japan:

1,000 companies go bankrupt in May as high prices taking toll
(DBN)

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China:

Cineworld Exploring Sale Of UK Cinemas
(DBN)

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Nigeria:

Nigeria Confronts Its Worst Economic Crisis in a Generation
(DBN)

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Germany:

Electric car manufacturer next e-go mobile closes, 200 jobs lost
(DBN)

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