June 12, 2024

The Daily Bankruptcy News

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Law:

Summer Associates Way More Worried About Losing Their Jobs Than They Should Be
(DBN)

This BigLaw firm is tops for culture, most important factor to surveyed law students, new report says
(DBN)

Pillsbury Adds Restructuring Partner Michael Burke in New York, Enhancing Firm’s Ability to Support Distressed Entities
(DBN)

Mega Biglaw Firm Facing $180 Million Malpractice Case For Second Time DLA Piper Sees $180 Million Malpractice Suit Resuscitated
(DBN)

Columbia Files Motion to Rebut Quinn Emanuel’s Sanctions Appeal
(DBN)

‘Robot lawyer’ DoNotPay reaches settlement in suit alleging it’s neither robot nor lawyer
(DBN)

Cravath To Leave Its London Office After Decades, Move To Smaller Space
(DBN)

Burns & Levinson Ponders Moves After 17 Exit for ArentFox Schiff
(DBN)

Norton Rose Picks Up 12-Lawyer Team from Bryan Cave in US Build
(DBN)

Paul Weiss Hiring Binge Shows Big Law’s Dealmaker Recruiting War
(DBN)

Hunter Biden found guilty of illegally buying and owning a gun Hunter Biden found guilty in federal gun case The jury was split in half. What changed Hunter Biden’s gun conviction, briefly explained In historic win for the special counsel, Hunter Biden quickly convicted of gun felonies President Joe Biden’s son, Hunter Biden, is convicted of all 3 felonies in federal gun trial Biden on Hunter conviction: "I will accept the outcome of this case" Biden Plan to Brand Trump a Felon Is Hit by Son’s Conviction President Biden says he 'will always be there for' his son and accepts the case's outcome Biden’s team was waiting for a Hunter verdict. That didn’t make it easier when it arrived. Biden makes stop to see son after Hunter’s conviction President Biden to deliver a scheduled speech on gun safety hours after his son's conviction Hunter Biden's guilty verdict upends a top Trump talking point Hunter Biden does not belong in jail, juror says Will Hunter Biden go to prison? Here’s what happens next after his conviction. Naomi Biden shouldn’t have had to testify against father, juror says Hunter Biden juror reveals deliberation details behind guilty verdict Trump campaign calls Hunter Biden verdict a ‘distraction’ from ‘real crimes’ of Biden family Democrats openly embrace Hunter Biden guilty verdict Democrat slams ‘staggering’ contrast in GOP response to Trump, Hunter Biden verdicts Hunter Biden's family banded together for his trial. A bigger challenge awaits. Why the Trump campaign never fundraised off the Hunter Biden trial
(DBN)

Biden and Trump's reactions to historic trials couldn't be more different
(DBN)

Alvin Bragg to testify to Congress as GOP bashes Trump case
(DBN)

Garland calls for end to "baseless, personal and dangerous" attacks on DOJ
(DBN)

House GOP set to vote on holding Attorney General Garland in contempt over Biden audio recordings
(DBN)

Justice says it did not communicate with Manhattan DA, blasts GOP ‘conspiracy theory’ DOJ responds to 'false' and 'irresponsible' Trump trial conspiracy theories
(DBN)

Man who wore tricorn hat, gas mask to Capitol riot convicted of Jan. 6 felonies
(DBN)

Ty Cobb on retribution fears: 'I think there should be concern' Bolton says people not taking Trump’s threats of revenge seriously enough
(DBN)

Prosecution of Democrats will repair rule of law, says law prof who wrote ‘Torture Memos’
(DBN)

Felony convictions could cost Trump liquor licenses at 3 New Jersey golf courses
(DBN)

Giuliani Spent Over $200,000 in Six Months While in Bankruptcy Giuliani bankruptcy hits breaking point as creditors seek takeover
(DBN)

Steve Bannon asks to remain out of prison while he fights contempt of Congress conviction
(DBN)

Aileen Cannon Offers 'Sweetener' to Donald Trump Judge Cannon Takes A Sharpie To Trump Docs Indictment Trial date clock in Mar-a-Lago case has not ticked down a single day in over a year For the third time, Mar-a-Lago judge gives Trump extension to reveal expert witnesses
(DBN)

Trump co-defendant in Georgia RICO case loses bid to pause her case
(DBN)

Menendez attorneys grill star witness in bribery trial about alleged payoffs
(DBN)

Florida's gender-affirming care restrictions are unconstitutional, federal judge rules
(DBN)

Defense attorney for rapper Young Thug found in contempt, ordered to spend 10 weekends in jail
(DBN)

Pamela Smart, serving life, accepts responsibility for her husband’s 1990 killing for the first time
(DBN)

Sandy Hook shooting survivors to graduate with mixed emotions without 20 of their classmates
(DBN)

Gabby Petito asked boyfriend who later killed her to stop calling her names, FBI documents show
(DBN)

Lawsuit from Four Tops singer claims hospital racially profiled and restrained him after rejecting claims of his identity
(DBN)

Mexico's bloodiest election in history sends new asylum-seekers to the US border
(DBN)

Florida man kills friend while pistol whipping him during fight over water filter: Sheriff
(DBN)

Gun-toting dad arrested after allegedly planting meth on daughter during police stop
(DBN)

‘Ghost criminals’: How Venezuelan gang members are slipping into the U.S. There are now more than 100 ongoing investigations involving the suspected gang members
(DBN)

New FBI stats show 'historic' declines in violent crime rate, with murder showing sharpest drop
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Judges:

3 Nixon justices helped end his presidency. Will the 3 Trump appointees force him to stand trial?
(DBN)

Samuel Alito, caught on tape, reinforces why people are skeptical of the Supreme Court Sam Alito's Wife Is Absolutely Unhinged In New Secret Recording Alito’s Wife Shocked Even the Activist Who Secretly Recorded Her Alito recording plunges Supreme Court into deeper controversy Alito’s remarks about Pride flag blasted by LGBTQ advocates
(DBN)

Ocasio-Cortez, Raskin to introduce legislation to ‘rein in a fundamentally unaccountable and rogue’ Supreme Court Senate Dems facing new nudge from the left to act on Supreme Court ethics
(DBN)

John Roberts, America’s chief swing voter?
(DBN)

Clarence Thomas raised him 'as a son.' Now he's facing 25-plus years on weapons and drug charges.
(DBN)

US Courts’ Safety Valve Threatens to Burst as Senior Judges Exit
(DBN)

Retired D.C. Circuit judge talks about his memoir on navigating a legal career through blindness
(DBN)

Judge Punishes Attorney For Knowing About Secret Ex Parte With Witness
(DBN)

Lawyer was handcuffed to chair after Cook County judge ordered him removed from courtroom, sparking state inquiry
(DBN)

Judge Doesn't Trust Wile E. Coyote On Roadrunners And He Doesn't Trust Cops On Criminals
(DBN)

Judicial Clerkships Are Not An Unadulterated Good
(DBN)

Federal judge strikes down DeSantis transgender medical ban, denounces 'frenzied' rhetoric
(DBN)

Seeing "The Courts": Managerial Judges, Empty Courtrooms, Chaotic Courthouses, and Judicial Legitimacy from the 1980s to the 2020s
(DBN)

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Wall Street:

Stock futures tick higher ahead of Fed’s rate decision, consumer inflation data
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Food/Beverage:

Shark Tank star Kevin O'Leary reveals why restaurants are closing down across America and warns more closures are on the way
(DBN)

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

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Education:

Police arrest 25 protesters at UCLA after new pro-Palestinian encampment declared illegal
(DBN)

Public middle school can ban ‘There are only two genders’ T-shirt, 1st Circuit rules
(DBN)

Charges dropped against 2nd grade teacher accused of being drunk in class
(DBN)

Chronic absenteeism is sounding alarm bells, but parents don’t hear them
(DBN)

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Religion:

Pope Francis repeats homophobic slur in closed-door meeting, Italian media reports Pope Francis allegedly repeats gay slur, opposes gay men in priesthood
(DBN)

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Mining:

Elliott steps in to back faltering Canadian copper miner after bankruptcy
(DBN)

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Fintechs:

Synapse Bankruptcy: $85 Million Customer Funds Missing, Here's What Went Down
(DBN)

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Economy:

Fed meeting and inflation report hit Wednesday, and impact could be huge
(DBN)

Inflation is stuck at 3%. Here's why and what it could mean for November.
(DBN)

Fed Faces Dot-Plot Cliffhanger as May Inflation Report Looms
(DBN)

Krugman: Is America Getting Interest Rates Wrong?
(DBN)

CPI Previews
(DBN)

The Great Interest Rate Debate
(DBN)

US small business sentiment up in May, but looming election clouds outlook
(DBN)

The U.S. Economy Reaches Superstar Status
(DBN)

Gen X is fed up, so they're taking more vacations alone
(DBN)

CEOs Change Their Tune on Trump
(DBN)

Global gender gap could take 134 years to close — but 2024 elections offer hope, WEF says
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

A Hotshot Corporate Lawyer Got Angry About Illegal Evictions—And Then Did Something About It
(DBN)

2nd Look at Local Housing Markets in May
(DBN)

If You Live in One of These Areas, Your Home May Be Worth Twice What You Paid
(DBN)

Six states where housing is hard to find. Here’s what governors are doing about it.
(DBN)

A brief drop in mortgage rates caused a huge surge in demand, but it may be short-lived
(DBN)

Find out where in the U.S. can you afford a home on your income
(DBN)

'An impossible market:' The homebuying affordability gap is widening
(DBN)

WeWork emerges from bankruptcy, names John Santora its new CEO
(DBN)

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Municipalities:

The new Austin? Tiny Texas town with cheap property is set to explode after $44 billion investment from global tech giant
(DBN)

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Oil/Gas:

US court receives offers for Citgo’s parent, credit bid submitted
(DBN)

Big Oil given stark warning as peak crude and a major supply surplus expected by 2030
(DBN)

GM trims 2024 EV forecast amid slower-than-expected demand
(DBN)

Water is bursting from another abandoned West Texas oil well, continuing a troubling trend
(DBN)

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Religion:

More than 10,000 Southern Baptists gather for meeting that could bar churches with women pastors
(DBN)

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Transit:

Business owners are buying into a dumb myth about driving
(DBN)

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Pharma:

20-30% of population on Ozempic within decade
(DBN)

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Media:

Dark money news outlets outpacing local daily newspapers
(DBN)

The Post at a crossroads: Existential questions in a dire season for news
(DBN)

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Military:

Pentagon data reveals US soldier more likely to die by suicide than in combat
(DBN)

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Healthcare:

In wake of Steward crisis, Sen. Warren seeks prison time for corporate ‘looting’ in health care Elizabeth Warren offers bill aimed at preventing future Steward-like crisis Sens. Warren, Markey propose bill that would lead to prison time for 'corporate greed' in health care State watching, waiting on Steward bankruptcy case
(DBN)

People often overestimate their resilience following failure, research suggests
(DBN)

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Corporate Governance:

What Will Happen to Tesla CEO Elon Musk's $56 Billion Pay Package?
(DBN)

‘Elon doesn’t care about Tesla anymore’: Musk’s biggest fans are turning on him
(DBN)

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Hotels:

Hotels: Occupancy Rate Increased 0.9% Year-over-year
(DBN)

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Climate:

So far, June 2024 hottest in Las Vegas history!
(DBN)

More than $1 billion in EV tax credits issued upfront to buyers, Treasury and IRS say
(DBN)

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Buses:

Megabus Owner Coach USA Files Bankruptcy, Looks to Sell Assets Coach USA Initiates Voluntary Chapter 11 Sale Processes to Maximize Value of Its Businesses
(DBN)

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Agribusiness:

Federal judge halts disaster aid program for minority farmers
(DBN)

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Tech:

Sam Altman may have just scored a major coup
(DBN)

Elon Musk is going to try courting advertisers. Again.
(DBN)

Apple's 'AI for the Rest of Us' Plan Gets Lukewarm Reaction Apple shares close at record high after company unveils AI software
(DBN)

Elon Musk Maybe Not So Mad At OpenAI After All, Drops “Benefit Of Humanity” Suit One Day After Trashing Company & Apple
(DBN)

Former Homeland Security Secretary Warns Of The Danger AI Poses To Democracy
(DBN)

GM pumps $850 million in Cruise to keep struggling robotaxi company afloat
(DBN)

OpenAI ex-employees worry about company’s control over their millions of dollars in shares
(DBN)

Elon Musk has unusual relationships with women at SpaceX, WSJ reports
(DBN)

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Sports:

Is There Another Carriage Battle Looming for Marquee Sports Network? (Almost Certainly, and It Could Be Bad)
(DBN)

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Autos:

Inside Henrik Fisker's second failed automotive startup
(DBN)

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Nursing Homes:

Omega Healthcare Investors has ‘headroom’ to withstand LaVie’s bankruptcy: Fitch Ratings
(DBN)

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Awards:

Association of Insolvency and Restructuring Advisors Announces Transitions and Awards
(DBN)

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Hedge Funds:

The Tiny Trades That Brought Down Segantii’s Giant Hedge Fund
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (125 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Research:

Unjust Debts -- A New Book from Melissa Jacoby
(DBN)

Unsecured Creditor Control in Chapter 11
(DBN)

Creditor Coalitions in Bankruptcy
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Mass Torts:

Will the Fourth Circuit Finally Take On Bankruptcy's 'Texas Two-Step'?
(DBN)

Johnson & Johnson to pay $700 million to 42 states in talc baby powder lawsuit
(DBN)

Area Catholics react to church closure plans
(DBN)

Expert: Liquidation of Alex Jones' assets means he'd start paying Sandy Hook families sooner
(DBN)

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DIP Finance:

Beyond Traditional Financing: Exploring Equity-Linked DIP Strategies in WeWork and Enviva
(DBN)

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Avoidance Actions:

New York Bankruptcy Court: Setoff and Unjust Enrichment Cannot Be Asserted as Affirmative Defenses in Bankruptcy Avoidance Litigation
(DBN)

Can IRS Be Sued For A Fraudulent Transfer Under § 544(b)? (U.S. V. Miller)
(DBN)

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Standing:

US Supreme Court Holds Insurer With Financial Interest In Bankruptcy Has Right To Be Heard On Any Issue.
(DBN)

Supreme Court Supports Standing for Insurers in Chapter 11 Bankruptcy Cases
(DBN)

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Credit Reporting:

Biden administration moves to ban medical debt from credit reports
(DBN)

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Discharge:

Ousted Major Lindsey Employee's Debt to Recruiting Firm to Be Discharged, Trustee Says
(DBN)

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Aviation:

A British Airways flight to nowhere went across the Atlantic before turning back and flying 2,300 miles home after a technical issue
(DBN)

Go First bankruptcy: NCLT grants final 60-day extension on moratorium
(DBN)

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Cannabis:

California's pot economy is crashing. What comes next?
(DBN)

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Fraud:

Fraud at Prime Capital Ventures may have exceeded $125 million
(DBN)

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Solar:

iSun, one of the largest solar installers in Northeast, files for bankruptcy protection
(DBN)

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Politics:

Team Biden bets an unfiltered Trump at the debate can shake up the race
(DBN)

Hunter Biden verdict shatters Trump's persecution narrative
(DBN)

‘Take the Attack to the Next Level’: James Carville's Advice for Biden
(DBN)

Dems get a pleasant election night surprise
(DBN)

Burgum emerges as surprise top contender for Trump VP
(DBN)

Virginia NAACP files suit against school board that restored names of Confederate leaders
(DBN)

Trump's endorsement power will be put to the test in Tuesday's primaries
(DBN)

‘Stop S***-Talking America!’ Democratic Governor Unloads on ‘Whining’ Trump
(DBN)

Democratic efforts to lure young voters include beer and birth control
(DBN)

Globally, Biden Receives Higher Ratings Than Trump
(DBN)

New poll goes deep on Kamala Harris’ liabilities and strengths as a potential president
(DBN)

Charlie Kirk once pushed a 'secular worldview.' Now he’s fighting to make America Christian again.
(DBN)

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Celebs:

Financially strapped Kevin Spacey discusses bankruptcy and losing Baltimore home with Piers Morgan Kevin Spacey says he’s ‘too handsy’ and near bankruptcy in recent interview
(DBN)

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Sovereigns:

NY Bill Targeting Debt Restructuring Holdouts Stalls in Assembly
(DBN)

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash
(DBN)

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UK:

Superdry creditors vote in favour of restructuring plan
(DBN)

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EU:

European elections were supposed to be the far right’s day. But the center held.
(DBN)

Is Macron Too Toxic to Win?
(DBN)

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MENA:

Hamas gives formal response to Gaza hostage and ceasefire proposal
(DBN)

Hamas leader said civilian death toll could benefit militant group in Gaza war Gaza Chief’s Brutal Calculation: Civilian Bloodshed Will Help Hamas - WSJ
(DBN)

‘In prison because of our parents’: Children of ISIS fighters coming of age in detention ask what they’re being punished for
(DBN)

Allegations of Abuse of Palestinian Prisoners
(DBN)

IDF prepares to defend against 'swarms' of Hezbollah drones, barrages of hundreds of missiles
(DBN)

Why So Many ‘Day After’ Plans for Gaza Amount to No Plan at All
(DBN)

Ninth Circuit eyes call to halt US aid to Israel citing violation of Genocide Convention
(DBN)

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Russia:

U.S. lifts ban on controversial Ukrainian military unit using American weapons
(DBN)

U.S. deploys warships as Russian fleet makes close pass to Florida in approach to Cuba
(DBN)

Germany's Uniper Says Awarded 13 Bn Euros For Lost Russian Gas
(DBN)

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Germany:

Willkie Raids Latham for 11-Lawyer Restructuring Team in Major German Expansion
(DBN)

This country’s 16-year-olds voted for the first time. The results are scary
(DBN)

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China:

European Union announces higher tariffs of up to 38% on Chinese EVs
(DBN)

U.S. is reportedly weighing further limits on China’s access to AI chip tech
(DBN)

Evergrande founder’s Black’s Link mansion finds a buyer after year-long fire sale
(DBN)

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India:

Madras High Court: Every Claim Of Operational Creditors Includes Right To Their Property Under Article 300A Of The Constitution
(DBN)

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