June 13, 2024

The Daily Bankruptcy News

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Law:

California Boutique Hueston Hennigan Hands Out Summer Bonuses
(DBN)

Mother of All Rate Increases Still Couldn’t Keep Up With Big Law
(DBN)

Midsize Boston Firm Seeks Merger Partner After Losing Nearly 50 Lawyers To Biglaw In Mass Lateral Moves
(DBN)

Sidley Restructuring Partner Heads to Pillsbury Amid Continued Practice Demand
(DBN)

Paul Weiss Is On A Bender -- A Lateral Partner Bender, That Is
(DBN)

King & Spalding Adds Cadwalader Finance Team in London
(DBN)

The Street-Fighting Lawyer Who’s Become Hollywood’s Dark Knight
(DBN)

Can generative AI tools make it easier for lawyers to offer pro bono services?
(DBN)

Appeals court upholds negligent homicide conviction for encouraging suicide by electronic means
(DBN)

All the Major Legal Battles Elon Musk and His Companies Are Facing
(DBN)

Texas ADA Arrested After Allegedly Threatening To Shoot Roommate Following P***-Streaming Dispute
(DBN)

'Invoices said legal retainer': Trump highlights key evidence in late-night rage post Trump company rips inquiry into golf clubs’ liquor licenses after conviction
(DBN)

Participant in Jan. 6 Riot Loses Primary Race in South Carolina
(DBN)

Jack Smith, Trump brawl over Supreme Court ruling's 'impact' on special counsel's funding
(DBN)

Fani Willis notches legal win in Trump case after months of setbacks
(DBN)

Bannon Demands Stay Of Prison Sentence Based On Crystal Ball Vision Of SCOTUS's Secret Dreams
(DBN)

Rudy Giuliani Posts Bond In Election Subversion Case, Smiles Pretty For Mugshot Giuliani lawyers argue "possible" 9/11 cancer should keep him out of bankruptcy woes Rudy Giuliani 'Girlfriend' Bill Looms Over His Bankruptcy Case
(DBN)

Johnson backs bill to allow presidents to push state cases to federal court
(DBN)

White House doesn't rule out commuting Hunter Biden's sentence What's next for Hunter Biden in federal gun case Hunter Biden’s Laptop, Revealed by New York Post, Comes Back to Haunt Him How the Supreme Court could help Hunter Biden appeal his conviction Biden's son stirs discomfort for gun control advocates Special counsel's summary of damning evidence shows why jurors convicted Hunter Biden
(DBN)

Convictions of Biden’s Son and Trump Put the Justice System on Trial
(DBN)

GOP's Garland contempt vote hanging by a thread DOJ memo says Garland cannot be prosecuted for contempt over Biden-Hur audio Johnson predicts House will hold Garland in contempt of Congress House GOP votes to hold AG Garland in contempt Why the GOP is Going After Merrick Garland
(DBN)

Sen. Lindsey Graham says he will block Democrats’ effort to unanimously pass Supreme Court ethics reform bill
(DBN)

Bob Menendez Used Prosecutor’s Job Interview to Lobby for Friend
(DBN)

4 in 10 support Biden order to secure border: Survey Massachusetts is latest blue state to enforce migrant shelter stay limits President Joe Biden faces first lawsuit over new asylum crackdown at the border
(DBN)

Oklahoma Supreme Court Dismisses Tulsa Massacre Lawsuit
(DBN)

Nashville School Shooter's Journal Revealed
(DBN)

Authorities say 3 deputies shot while responding to a home in northern Illinois
(DBN)

4 Kids Shot in Tennessee Road Rage Incident
(DBN)

Teens went to a sporting goods store to return airsoft guns. An armed man fatally shot one in the back
(DBN)

Woman allegedly steals mortuary van with dead body inside before ditching both
(DBN)

Pharmacy caused military vet's fatal heart attack by not filling his prescription: Lawsuit
(DBN)

Backflipping fan on field brought down by stun gun at Cincinnati Reds game
(DBN)

On-the-run American whose double life as an assassin-for-hire was exposed after jammed gun saw her botch a contract killing in Birmingham
(DBN)

He rambled to reporters after a downtown Atlanta shooting. Then, police say, he hijacked a bus Atlanta bus 'hijacker' hid inside Peachtree Center mall during mass shooting hours earlier
(DBN)

Following fatal hit-and-run, driver searched for news about crash, sought repairs: Police
(DBN)

Federal judge blocks rule closing ‘gun-show loophole’ in 4 states
(DBN)

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Judges:

BK MD AL: Vacancy Announcement, Term Law Clerk 2025-2026
(DBN)

Buttigieg on Martha-Ann Alito: Flags symbolizing love vs. insurrection are different
(DBN)

Senate Democrats to bring up Supreme Court ethics bill amid new revelations Alito, Roberts secret recordings spark ethics concerns Sen. Lindsey Graham says he will block Democrats’ effort to unanimously pass Supreme Court ethics reform bill Republicans block bill requiring Supreme Court to adopt enforceable ethics code The Ethics of the Secret Recordings of the Alitos
(DBN)

Was Clarence Thomas Fooling Us Then or Now? Clarence Thomas Turned Supreme Court Service Into An ATM Machine
(DBN)

Clarence Thomas' 'Son' Breaks Silence From Jail
(DBN)

Forget The Supreme Court's Actual Corruption, Justices' Tantrums And Lies Would Imperil A Normal Lawyer's Job
(DBN)

Abbott appoints first judges to new appeals court for cases involving state government, businesses
(DBN)

Lawyer accused of seeking Israeli hackers to obtain judge’s personal emails Nosy Lawyer Busted For Trying To Hack Into Judge's Emails
(DBN)

Trump Judge Ordered Airline To Take Classes From Anti-Gay Activists. 5th Circuit Says, 'Um, No.'
(DBN)

Biden nominates three women to serve as federal trial court judges
(DBN)

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Wall Street:

S&P 500 futures inch higher after index’s first-ever close above 5,400
(DBN)

Here’s the Fed’s new rate forecast that’s moving the markets
(DBN)

Wall Street’s Rate-Cut Dreams Have to Wait as Fed Stays on Hold
(DBN)

Traders Fully Price in November Fed Rate Cut After Cool CPI Data
(DBN)

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Layoffs:

Stablecoin Issuer Paxos Cuts 20% of Workforce
(DBN)

FedEx to Cut Up to 2,000 Europe Jobs in Latest Cost Reductions
(DBN)

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Retailing:

The year's biggest stock market rebound is a legendarily obnoxious clothing brand
(DBN)

Shopper mauled by pit bull mix outside of Walmart after stopping to give dog's owner money
(DBN)

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Climate:

Record-threatening heat wave to expand across the U.S.
(DBN)

South Florida receives record rainfall and flash flooding in 500-to-1,000-year event
(DBN)

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Politics:

2024 Presidential Forecast
(DBN)

Trump holds 2-in-3 chance of winning in new election forecast
(DBN)

Bullish GOP hones legislative plans for 2025
(DBN)

Trump Would Be Long Gone if Only We Could …
(DBN)

Why Senate Democrats Are Outperforming Biden in Key States
(DBN)

America Could See Surge in People Not Voting
(DBN)

Trump, Hunter Biden convictions lead to starkly different political narratives GOP giving mixed messages on Hunter Biden gun conviction Former Trump adviser says he would ‘love’ to see Trump pledge to pardon Hunter Biden GOP rep: Hunter Biden conviction ‘creates an opening’ for Michelle Obama
(DBN)

House GOP gets a political win for Trump — which might be its last of the year
(DBN)

Ohio Election Shock as Republican District Shifts 20 Points to Democrats
(DBN)

"Haul out the Guillotine," Trump says in fundraising email 'Unhinged': Trump's guillotine warning sends shudder of fear rippling across the U.S.
(DBN)

Donald Trump Jr. moves to be MAGA's new kingmaker
(DBN)

House Democrats eye IVF discharge petition Why the Southern Baptists’ vote opposing IVF could change national politics
(DBN)

North Dakota voters back setting age limit for Congress members
(DBN)

Johnson faces Democratic pressure to pull House Intel picks
(DBN)

Trump sets first Hill meetings since he left D.C.
(DBN)

GOP culture war amendments could complicate annual defense bill
(DBN)

Paul Ryan: Trump Betrayed the Constitution 'Paul Ryan you’re a piece of garbage': GOP congressman erupts over Trump rebuke
(DBN)

Lauren Boebert must face defamation claim by 'American Muckrakers,' judge rules Boebert fights for political survival
(DBN)

Kari Lake continues losing streak as appeals court confirms she is not Arizona's governor
(DBN)

Texas Secessionists Win GOP Backing
(DBN)

Florida challenger Mucarsel-Powell surges in Senate poll, closing in on Rick Scott
(DBN)

Apparent pro-Palestinian activists splash red paint on homes of Jewish officials at Brooklyn Museum
(DBN)

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Economy:

Inflation slowed for second straight month, CPI shows Fed holds interest rates at 23-year high as inflation hits plateau Consumer prices unchanged in May; Up 3.3% from year ago Fed Officials Dial Back Rate Forecasts, Signal Just One ‘24 Cut Fed Signals One Rate Cut This Year, But Keeps Door Open to Two 'Clear path to a soft landing': Here's what Wall Street sees for Fed rate cuts after May inflation came in cool Here’s What We Learned From Fed’s Decision to Dial Back Interest-Rate Forecasts Inflation eases as Fed debates interest rate cuts Cooling inflation ignites hope of rate cuts The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts Inflation eases in May, but don't expect gef on interest rates anytime soon
(DBN)

The economy hits a midyear holding pattern
(DBN)

Food Inflation Eased Again, Welcome News for Shoppers
(DBN)

Debt-burdened Americans find no reprieve even as inflation cools
(DBN)

Where’s inflation really heading? Traders and economists are using this real-time inflation gauge to get ahead of the curve
(DBN)

Fed decision buys more time for savers to profit from high interest rates
(DBN)

US Deficit Grows From a Year Ago Fueled by High Borrowing Costs
(DBN)

Dollar Drops Most in Month as US CPI Points to Fed Acting Sooner
(DBN)

Risky Companies Have Found a $1.4 Billion Weapon to Fight a Hawkish Fed
(DBN)

Trump proposes a policy that could make tipping more annoying for everyone
(DBN)

A map of power: where America's CEOs live
(DBN)

Trump to Pitch Dimon, Fraser as Verdict Fails to Scare Off CEOs
(DBN)

Earning $100,000 a year isn't enough to feel 'rich' in the US anymore
(DBN)

Young Employees Are Increasingly Struggling at Work, While Older Workers Fare Better
(DBN)

More American expats renouncing US citizenship
(DBN)

Port of Los Angeles Imports Fell 4.5% in May, Exports Rose 23.8%
(DBN)

The fast-food industry claims the California minimum wage law is costing jobs. Its numbers are fake
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing Costs Cool, but Remain a Source of Concern
(DBN)

Buyers Snap Up Aging and Empty Office Buildings for Deep Discounts
(DBN)

Home Ownership Costs Top $18,000
(DBN)

Rate-Cut Hopes Trigger Rally for Left Behind Real Estate Stocks
(DBN)

Manhattan Apartment Rents Drop Even as Leasing Activity Picks Up
(DBN)

California Sets Map of Wildfire Risk in Push to Expand Insurance
(DBN)

Nevada Supreme Court denies rehearing for $48M Badlands ruling
(DBN)

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Municipalities:

Losing a Bridge Upends Life in Baltimore (and It May Soon Get Worse)
(DBN)

New York City Might Finally Curb Broker Fees for Renters
(DBN)

Houston City Council OKs $650 million bond issue for firefighter settlement
(DBN)

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Oil/Gas:

Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says Big warning for Big Oil: A "staggering" imbalance may await
(DBN)

Data shows EV growth slowdown is real, but not the whole story
(DBN)

Longtime Oil and Corn Foes Unite to Battle Biden Car Standards
(DBN)

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Banking:

PIMCO joins chorus warning of regional bank failures
(DBN)

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Celebs:

Kevin Spacey Says 7 Years Into Misconduct Scandal He’s Now Lost His Home and Dodging Bankruptcy How Kevin Spacey's massive wealth disappeared like a tumbling house of cards
(DBN)

Shilo Sanders bankruptcy case: Attorney says Colorado DB 'cannot wait' to share his side in civil proceeding
(DBN)

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Tech:

Elon Musk is right about hiding 'likes' on Twitter/X. You've gotta hand it to him.
(DBN)

Elon Musk Drops OpenAI Lawsuit Right Before Forcing Lawyers To Make Bad Arguments In Court
(DBN)

'Best WWDC Ever': Wall Street is pumped up over Apple's AI game plan Apple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not Cash
(DBN)

Apple reclaims title as world's biggest company as it races against Microsoft and Nvidia to a $4 trillion valuation
(DBN)

Tech Firms Ask NextEra for Enough Electricity to Power Entire Cities
(DBN)

AI helping to catch drug thieves
(DBN)

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Religion:

Southern Baptists Reject Tighter Ban on Women in Pastoral Posts
(DBN)

Young Women Are Fleeing Organized Religion. This Was Predictable.
(DBN)

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Rail:

Amtrak Pays Executives Hefty Bonuses as Losses Continue
(DBN)

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Agribusiness:

Farm Startups Bent on Shaking Up Cargill and ADM Are Floundering
(DBN)

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Student Debt:

Student Loan Bills Are Dropping Next Month for Many, but There’s a Hiccup
(DBN)

Biden made it easier for student loan borrowers in bankruptcy. This woman, who thought it was a joke, got $158,182 cleared
(DBN)

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Entertainment:

Paramount Can’t Stay Independent Long After Rebuffing Skydance Paramount Will Probably Get Cut to Junk Again, CreditSights Says
(DBN)

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Labor:

Autoworkers divided on 2024 race are looking for someone to represent blue-collar workers
(DBN)

Teamsters president keeps Democrats, GOP on their toes
(DBN)

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Pharma:

Michigan’s Largest Insurer to Drop Weight-Loss Drug Coverage
(DBN)

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Media:

Phony 'news' portals surpass US newspaper sites, researchers say
(DBN)

Faking an honest woman: Why Russia, China and Big Tech all use faux females to get clicks
(DBN)

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Autos:

Nearly Bankrupt Fisker To Recall Over 18,000 Ocean SUVs Across North America and Europe
(DBN)

Thefts of charging cables pose yet another obstacle to appeal of electric vehicles
(DBN)

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Crypto:

US SEC reaches $4.47 bil. settlement with now-bankrupt crypto firm Terraform Labs
(DBN)

CORZ Stock Pops as Bitcoin Miner Core Scientific Bets Big on AI
(DBN)

Trump says remaining Bitcoin must be made in US
(DBN)

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Utilities:

Appeals court gives bondholders victory on PREPA liens
(DBN)

EPA power regs may have rating implications for utilities, Fitch says
(DBN)

Texas Needs to Double Power Generation in Six Years
(DBN)


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Food/Beverage:

Tijuana Flats appoints turnaround expert as CEO
(DBN)

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Cannabis:

Now bankrupt, MedMen owes millions to other companies. Meet the cannabis CEO who called them out
(DBN)


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Awards:

Association of Insolvency and Restructuring Advisors Announces CIRA Certification Award Winners
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

Subchapter V and Chapter 13 Debt Thresholds to Sunset by June 21, 2024 Unless Congress Acts
(DBN)

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Mass Torts:

Plaintiffs Move to Prevent Johnson & Johnson's Plans in 3rd Talc Bankruptcy Cancer victims seek court order to block J&J’s bankruptcy bid
(DBN)

'No reason why': Parishioners lament plans to close beloved churches in Buffalo Diocese
(DBN)

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Aviation:

Southwest CEO Says He Won’t Resign After Pressure From Elliott
(DBN)

Boeing to Face Enhanced FAA Scrutiny for ‘Foreseeable Future’
(DBN)

Boeing Only Sold 4 New Planes Last Month
(DBN)

Boeing's Starliner Now Has 5 Leaks While Parked Outside the ISS
(DBN)

Go First gets 60 days extension to complete insolvency process
(DBN)

Passengers took off their clothes and appeared to pass out when their flight was delayed in a 95-degree heat wave
(DBN)

These are the best airlines right now, according to The Points Guy
(DBN

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SCOTUS:

Supreme Court has abortion, guns, immunity and much more to decide
(DBN)

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Corporate Governance:

Tesla Investors to Decide if Musk Deserves $45 Billion Payday Tesla's shareholder vote is about more than Elon Musk's money Elon Musk's $56 Billion Pay Package: Who Is for It and Against It CalPERS becomes latest Tesla shareholder to vote against Musk's pay package Musk says Tesla shareholders voting yes for his $56 billion pay package Musk Says His $56 Billion Pay at Tesla Is Passing by ‘Wide Margins’ Tesla pops 7% in premarket after Elon Musk says he is set for victory in $56 billion pay vote
(DBN)

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Education:

UCLA Taps University of Miami Chief as New Leader Amid Turmoil
(DBN)

Richmond museum honors hidden legacy of schools attended by Maya Angelou, John Lewis
(DBN)

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Healthcare:

Stress, depression linked to heart disease in women: Study
(DBN)

America's Notorious 'Cancer Alley' Is Even More Toxic Than We Thought
(DBN)

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Meme Stocks:

GameStop Calls ‘Roaring Kitty’ Claimed to Own See Trading Flurry as Shares Dive Roaring Kitty's Predictions for GameStop Are Mostly Unfulfilled
(DBN)

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Fraud:

Martin Shkreli is being sued for copying and sharing rare $4.75 million Wu-Tang Clan album Judge orders ‘pharma bro’ Shkreli not to stream Wu-Tang Clan album after suit says he copied it
(DBN)

Former Freshfields partner's jail sentence for German tax fraud in appeal
(DBN)

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Fintechs:

Synapse’s Specter of Commingled Funds Points to Issues in FinTech, BaaS Governance
(DBN)

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Movie Theaters:

Sony Pictures Buys Alamo Drafthouse Theater Chain Sony Pictures Acquires Alamo Drafthouse Cinema in Landmark Deal That Puts Studios Back in Theater Game
(DBN)

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Transit:

Hochul Took ‘Wrong Turn’ on NYC Congestion Fee, Comptroller Says
(DBN)

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Maritime:

Inside the White House Push to Reopen Baltimore’s Ship Channel
(DBN)

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Sovereigns:

Milei to Meet IMF Chief During Argentina’s Push for New Program Milei’s Signature Reforms at Risk in Tense Argentine Senate Vote Argentine riot police disperse protesters with water cannons and tear gas ahead of key Senate vote
(DBN)

Ghana Clinches Deal With Creditors, Paving Way Toward IMF Aid
(DBN)

China Is Key Driver of Kenya’s Debt Service Costs, Lawmakers Say
(DBN)

Zambia Finally Seals Dollar Bond Revamp Yet Default Tag Sticks
(DBN)

Pakistan Likely to Hike Taxes in Budget Before Crucial IMF Loan
(DBN)

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UK:

Britain’s Labour Party pledges ‘wealth creation’ as it targets landslide election victory
(DBN)

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EU:

Scotch & Soda in bankruptcy again in Europe
(DBN)

ECB’s Guindos Says ‘Huge’ Uncertainty Leaves 2024 Rate Path Open
(DBN)

Euro Zone Kicked Off the Second Quarter With Industrial Weakness
(DBN)

ECB’s Muller Says Inflation Could Temporarily Accelerate Again
(DBN)

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Canada:

Dollarama Misses on Sales Growth as Consumer Spending Weakens
(DBN)

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MENA:

U.S. holds meeting with Israeli and Arab generals amid Gaza war
(DBN)

Biden's Israel policy may hasten Trump's rise, US allies fear
(DBN)

"Time for the haggling to stop": Blinken says Hamas didn't accept ceasefire deal Blinken Says Hamas’s Cease-Fire Response Means War Will Continue What are the main sticking points in the cease-fire talks between Israel and Hamas?
(DBN)

Senior Hezbollah Commander Is Killed in Israeli Strike Hezbollah Launches Rocket Barrage After Israeli Strike Kills a Commander 215 rockets fired after IDF killing of 'most senior' Hezbollah officer yet
(DBN)

A Palestinian Professor Spoke Out Against the Gaza War. Israel Detained Her.
(DBN)

Gaza Home to 40% of Minors Killed in Conflict Last Year, UN Says
(DBN)

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Russia:

US announces 300 new sanctions targeting Russia’s ‘war economy’ U.S. Expands Sanctions on Russia as G7 Leaders Gather U.S. unveils sweeping sanctions targeting Russia over Ukraine war Russia, hit by new US sanctions, halts dollar and euro trade on biggest exchange
(DBN)

Russia Launches Missile Attack as Ukrainian Troops Hold Ground Ukraine Says It Shot Down Most of a Russian Missile and Drone Barrage
(DBN)

US Set to Send a Second Patriot Missile Battery to Ukraine
(DBN)

US-EU spat derails push for $50B Ukraine loan using Russian assets At the G7, Biden Will Push for Frozen Russian Assets to Help Ukraine G-7 Leaders to Agree to Tap Frozen Russian Assets, France Says Biden and Zelenskyy will sign a security deal, as G7 leaders agree to use Russian cash to help Kyiv G7 leaders agree to lend Ukraine billions backed by Russia’s frozen assets. Here’s how it will work Biden looks for creative solutions to keep the Ukraine funding stream flowing
(DBN)

Every Dollar Counts. To Pay for the War, Ukraine Embraces Privatization
(DBN)

Russian ships arrive in Cuba as Cold War allies strengthen their ties
(DBN)

Ukraine Eyes Rate Cut as Blackouts Dent Growth
(DBN)

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France:

Defiant Macron Predicts Chaos if France Succumbs to Extremes Macron Group Has 18%, Le Pen Party 31% in Elabe Election Poll
(DBN)

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Germany:

In Wake of Election Defeat, Germany’s Weakened Leader Will Slog On
(DBN)

Germany is Descending into Chaos
(DBN)

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Norway:

Norway’s Government Embroiled in Clash Over CEO Salaries
(DBN)

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Argentina:

Milei’s radical overhaul advances in Argentina’s Senate as protesters clash with police
(DBN)

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China:

Le Maire Urges Tariffs in Other Areas After EU Acts on China EVs
(DBN)

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Mexico:

Inside Mexico’s anti-avocado militias
(DBN)

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