June 26, 2024

The Daily Bankruptcy News

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Law:

These 3 law firms are paying summer bonuses; will BigLaw follow? This Partner Doesn’t Think Summer Bonuses Will Catch On For Biglaw Firms
(DBN)

Law grads' median earnings of $72,000 after debt show 'vast gulf' in pay, study finds
(DBN)

Biglaw ‘Power Lawyer’ Mathew Rosengart ‘Closes The Chapter’ On Representing Britney Spears
(DBN)

Lowenstein’s Bankruptcy & Restructuring Department Continues to Grow with Addition of New Partners David M. Posner and Gianfranco Finizio
(DBN)

GM Hires Former Activision, Boeing Lawyer as Legal Chief
(DBN)

Lawyers Can Make Big Career Jumps by Tapping Creativity, Resolve
(DBN)

Partner Finds Having Sex With A Junior Attorney On His Desk Isn't A Terrific Career Move
(DBN)

Law students support free speech but want LSAT and bar exams gone, new survey says
(DBN)

The Top Biglaw Firms In California (2025)
(DBN)

ABA’s artificial intelligence task force releases law school survey
(DBN)

The Prelitigation Advantage: Leveraging AI for discovery and pleadings
(DBN)

The Trend Of Diverse Law School Applications Goes Upward
(DBN)

Trump kept classified documents in cardboard boxes with Christmas ornaments and photos of himself: Feds Special counsel defends Mar-a-Lago search of ‘cluttered collection’ of documents Jack Smith says Trump kept US 'secrets' with photos of self, urges judge not to toss case Special counsel defends investigators’ handling of Mar-a-Lago documents kept in ‘haphazard manner’ by Trump Monica Lewinsky says Judge Cannon should be impeached New Pics Show Nuclear Secrets Stashed Beside the Diet Cokes at Mar-a-Lago Ex-Trump attorney: Cannon ‘playing right into the defense’s hands’ "Months she wasted": National security lawyer says Judge Cannon's "hubris" turned case into a "mess"
(DBN)

Special Counsel Notes Tension Between 'I Didn't Know Those Docs Were There' And 'I Declassified Those Docs By Stealing Them'
(DBN)

Judge gives Trump RICO case co-defendant another opportunity to sue Fani Willis Trump files opening brief in appeals court bid to remove prosecutor from RICO case
(DBN)

Sidney Powell settles defamation lawsuit with ex-Dominion employee
(DBN)

Rudy Giuliani's Missouri Bank Account Raises Questions
(DBN)

Rogue push to arrest AG Garland sparks GOP tensions
(DBN)

Judge alters Trump’s gag order, letting him talk about witnesses, jury after hush money conviction Trump now free to go after Stormy, Michael Cohen ahead of debate and hush-money sentencing
(DBN)

Jonathan Turley Invites Readers On Journey Into Imagination Where Supreme Court Proves Donald Trump Was Railroaded
(DBN)

MAGA dentist charged with sending threats to dozens of critics
(DBN)

Hunter Biden's law license suspended in D.C. Hunter Biden claims judge's screw-up should mean new trial and SCOTUS ruling may save him
(DBN)

House committee to vote on holding Biden's ghostwriter in contempt
(DBN)

House GOP passes on using funding bills to target Trump prosecutors — for now
(DBN)

Fed Soc's Leonard Leo Behind Effort To Ban Gender-Affirming Care For Trans Kids
(DBN)

Shot in 1.6 seconds: Video raises questions about how trooper avoided charges in Black man’s death
(DBN)

DHS identifies over 400 migrants brought to U.S. by an ISIS-affiliated human smuggling network
(DBN)

Suspected cop impersonator tries to pull over and ram family in minivan
(DBN)

Diplomat's son accused of running over cop during traffic stop may have charges wiped
(DBN)

WikiLeaks founder pleads guilty to releasing classified info after U.S. deal Assange plea deal sparks global celebration, condemnation
(DBN)

Jeffrey Epstein Claimed to be Mossad Agent
(DBN)

New neighbor allegedly crashes U-Haul into balcony, shoots complaining resident in the eye
(DBN)

White West Virginia couple forced their adopted black children to work as slaves and live in barn
(DBN)

Man who used torch for attempted heist, only doing $198k in damages instead, sentenced
(DBN)

Gamer flew to Florida to ambush man with hammer over video game argument, police say
(DBN)

As sideshows gain popularity, police try a range of tactics to stop them in their tracks
(DBN)

Entire Hells Angels chapter arrested in California in kidnapping and assault probe, police say
(DBN)

Police baffled after ‘uncooperative’ driver found covered in 'large amount of dried blood'
(DBN)

Man shoots his wife and her mother in the head and makes bizarre admission, deputies say
(DBN)

Biden announces pardons for veterans convicted under military law prohibiting gay sex
(DBN)

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Judges:

Boies’ Choice to Defend Bankruptcy Disgraced Judge Points to Immunity Test
(DBN)

Why Is the Supreme Court Ignoring Its Own Rules?
(DBN)

Samuel Alito's Absence From Supreme Court Raises Questions
(DBN)

Ex-justice sought Holy Spirit compassion before sentencing of ‘land the tuna’ politician husband
(DBN)

Chief Judge Glanville Could Face Removal Over His Ex-Parte Meeting
(DBN)

Houston Mayor Gets Cheeky In Texas Judge's Social Media Comments Section
(DBN)

Arizona judge punts on ballot measure to give judges lifetime appointments
(DBN)

Your gun rights depend on which judge you get
(DBN)

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Wall Street:

Nasdaq futures rebound as Nvidia continues bouncing back
(DBN)

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Layoffs:

Paramount Chiefs to Staff: We’re Cutting $500M in Costs After “Unacceptable” Profit Drops
(DBN)

U.S. Logistics Solutions closes, lays off more than 2,000 employees
(DBN)

Wheels Up Lays Off 11% of Its Pilot Staff
(DBN)

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Retailing:

Multi-national luxury lifestyle retailer with storied history immediately shutters its American stores as it files for bankruptcy in the US
(DBN)

‘It’s been hell’: injured Amazon workers turn to GoFundMe to pay bills
(DBN)

Steinhoff Ex-CFO Appears in Court Months After CEO’s Death
(DBN)

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Education:

Oklahoma high court rejects religious charter school contract Oklahoma Supreme Court rules religious public charter school unconstitutional SCOTUS could be next stop after top Oklahoma court rules on state-funded religious school
(DBN)

Louisiana wants the Ten Commandments in public schools. Will the Supreme Court let it? Religious leader wants to display Indian scriptures in Louisiana public classrooms How Louisiana's extreme laws may push Southern states further to the right
(DBN)

Married middle school principal killed teacher pregnant with his child
(DBN)

A year after the Supreme Court struck down affirmative action, top colleges have shown their commitment to racial diversity was never real.
(DBN)

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Media:

AP launching nonprofit group to raise at least $100M for local news
(DBN)

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Student Debt:

Courts grant injunctions against Biden’s student loan repayment plan Biden’s Student Loan Debt Relief Program Halted in Two Courts
(DBN)

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Labor:

US Industries Fearing a Port Strike Urge Biden to Revive Talks
(DBN)

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Utilities:

Puerto Rico Utility’s Creditors Extend Fight for Broad Repayment
(DBN)

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Economy:

Inflation blame game
(DBN)

The Coming Great Conflict
(DBN)

Bond Market in Step With Fed Is About to Slam Into US Election
(DBN)

Bond Traders Boldly Bet on 300 Basis Points of Fed Cuts by March
(DBN)

Hackers claim they stole Federal Reserve data, offer no evidence
(DBN)

Donald Trump May 'Reignite' Inflation, Nobel Prize-Winning Economists Warn 16 Nobel economists see a Trump inflation bomb
(DBN)

The National Debt Crisis Is Coming - WSJ Biden urged to raise income tax to tackle dangerous US debt
(DBN)

Business fumes as Democrats blast GOP for blocking corporate tax credits
(DBN)

Taxing super-rich debate should start with 2% levy, says economist behind plan
(DBN)

Trump and Biden have both embraced tariffs, but their approaches differ
(DBN)

Trump's underwhelming business support
(DBN)

Nervous Investors Tear Up ESG Playbooks in Election Supercycle
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Case-Shiller: National House Price Index Up 6.3% year-over-year in April Comments on April House Prices, FHFA: House Prices Increased 0.2% in April
(DBN)

Signa founder Rene Benko’s home raided by police in fraud probe
(DBN)

Frankfurt skyscraper owner files for insolvency as property crisis grips
(DBN)

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Oil/Gas:

Exxon Backs EV Demand Growth to Turn Its Lithium Bet Into a Win
(DBN)

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Celebs:

Former NFL star Antonio Brown confirms that he has filed for bankruptcy
(DBN)

Report: Antonio Pierce has faces civil judgments totaling $28 million Wife of Raiders coach files for bankruptcy to protect marital assets
(DBN)

Deion Sanders and Son Shilo Engage in Damage Control to Influence Draft Stocks After Controversial Bankruptcy Case
(DBN)

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Autos:

CDK Dealership Hack May Take Years to Fix
(DBN)

Tesla still has one massive leg up on every automaker Tesla Is About to Lose Its EV Market Majority in the US
(DBN)

Volkswagen Will Invest Up to $5 Billion in Rivian Rivian’s Huge Cost Cuts Paving the Road to First Profit
(DBN)

Fisker Is Bankrupt. Owners Are Angry And Scrambling For Answers
(DBN)

Vauxhall owner says plants could shut unless UK helps EV makers
(DBN)

June Vehicle Sales Forecast: 15.9 million SAAR, Down 1% YoY U.S. auto sales are expected to slow during the second half of 2024
(DBN)

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Politics:

Rep. Jamaal Bowman, a vocal Israel critic and 'squad' member, loses primary George Latimer, a pro-Israel centrist, defeats Rep. Jamaal Bowman in New York Democratic primary
(DBN)

Rep. Lauren Boebert wins GOP primary after switching districts
(DBN)

Trump-backed candidates lose in races in Colorado, South Carolina and Utah US Rep. John Curtis wins Utah GOP primary for Romney’s open seat, while Gov. Spencer Cox also wins Trump’s endorsement is starting to show its limits
(DBN)

Trump, progressives suffer a rough night: 5 takeaways from Tuesday’s primaries
(DBN)

Republican Jeff Hurd beats election denier boosted by Democrats in race for Boebert seat
(DBN)

Nikki Haley’s supporters are still up for grabs in key states
(DBN)

Trump signals he’s ‘concerned’ about debate: Ex-RNC spokesperson Trump claims debate ambush as expectations swing wildly Bringing Up Drugs? Undermining the Debate? These Are Old Trump Tactics. Hillary Clinton: ‘Waste of time’ to try to refute Trump arguments in debate Clinton to Biden: Rebutting Trump's debate "blather" is a "waste of time" Will the Presidential Debate Be a Summer Blockbuster? Veteran debate advisers say Trump and Biden should come out swinging Newsom warns of ‘forces of darkness’ ahead of presidential debate Poll shows Trump with slight lead over Biden in Georgia ahead of first debate 5 things to watch in the first 2024 general election debate Who has the most to lose in Thursday’s debate? Trump immunity ruling set to loom over Biden debate
(DBN)

US election body gives Trump another 45 days for personal financial disclosures
(DBN)

Trump risks hurting his own efforts to promote mail-in, early voting
(DBN)

Hot-Button Film ‘The Apprentice’ Moving Toward U.S. Deal For Release
(DBN)

Trump takes on the Pentagon's (non-existent) electric tanks
(DBN)

Blue-state governor takes border messaging into her own hands
(DBN)

The Southern Border, Terrorism Fears and the Arrests of 8 Tajik Men
(DBN)

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Entertainment:

Paramount Global Co-CEOs Reveal Bankers Hired To Sell Assets
(DBN)

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Climate:

Extreme heat is putting workers with few protections in danger
(DBN)

US Finally Working to Adapt to Climate Change
(DBN)

Extreme wildfires doubled in frequency, magnitude since 2003
(DBN)

Abe Lincoln wax sculpture melts in brutal DC heat
(DBN)

In photos: Historic Midwest flooding leaves trail of devastation
(DBN)

Wildfire breaks out in California near Paradise, site of state’s deadliest blaze
(DBN)

Heat Wave Sears London and Paris as Greece Battles Wildfires
(DBN)

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Healthcare:

Pregnancy in America is starting to feel like a crime
(DBN)

Where Texan Women Go for Abortions
(DBN)

NNU Is On Board with Biden Reducing Medical Debt
(DBN)

Finland becomes first country to start Bird flu vaccinations for humans!
(DBN)

US Repeating Covid Mistakes with Bird Flu
(DBN)

Opioid deaths rose 50 percent during the pandemic. In these places, they fell.
(DBN)

Bill allowing doctor-assisted suicide approved by Delaware lawmakers
(DBN)

CDC warns of increased dengue fever risk in U.S.
(DBN)

Visa freeze worsens America's nursing shortage
(DBN)

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Agribusiness:

Why America's Farmers Are Facing Alarming Suicide Rates and What's Being Done to Help
(DBN)

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Media:

Top reporters leave Politico
(DBN)

____________

Religion:

‘Even the largest churches can fall.’ Will Gateway survive Morris sex abuse scandal?
(DBN)

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Food/Beverage:

Red Lobster lists USD 692 million in liabilities, seeks July date for hearing with creditors
(DBN)

How $5 has become the fast food industry's magic number
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Venue:

Bankruptcy Venue Shopping Breaks Perceptions of Judicial Fairness
(DBN)

____________

Standing:

What The U.S. Supreme Court Did NOT Decide: “The Outer Bounds Of § 1109(b)” (Truck Insurance)
(DBN)

____________

Mass Torts:

Alex Jones trustee files emergency request as Sandy Hook families battle over assets Alex Jones’s notorious Infowars channel will be shut down by bankruptcy court
(DBN)

Arkansas files opioid epidemic lawsuit against PBMs Optum, Express Scripts
(DBN)

New Lawsuits Claim Baby Bottles Manufacturers Misleadingly Exposed Infants To Harmful Microplastics
(DBN)

____________

SCOTUS:

From Trump’s immunity to abortion, the Supreme Court’s most controversial decisions this term are about to drop
(DBN)

The Supreme Court's Dubious Use of History in Department of State v. Munoz
(DBN)

Early divisions signal bitter internal conflicts as Supreme Court turns toward final decisions
(DBN)

Indiana Republican pushes Speaker Johnson to support Bannon Supreme Court appeal Mike Johnson to file brief backing Steve Bannon's Supreme Court appeal GOP leaders back Steve Bannon’s fight against conviction for defying Jan. 6 panel
(DBN)

____________

Aviation:

How Delta made itself America’s luxury airline — and what United wants to do about it
(DBN)

Bonza likely traded while insolvent, say administrators Bonza racked up $133m loss, creditors report reveals
(DBN)

Vietnam flag carrier at risk of insolvency if govt-backed loan is not extended
(DBN)

____________

Tech:

Google studied Gen Z's actions online. What they found is alarming.
(DBN)

Administrative robot defunct after apparent suicide
(DBN)

Google adds AI upgrade to your Gmail that writes emails for you – find it in seconds if you’re eligible for freebie
(DBN)

____________

Crypto:

Cash or crypto? FTX creditors to vote on how they’re paid back
(DBN)

Celsius creditors seek additional payout, citing unfair treatment Celsius Creditors Fight for Fair Share After 35% Cut
(DBN)

CEO of defunct yield protocol says user deposits weren’t 'principal protected'
(DBN)

____________

Credit Cards:

Judge rejects $30B Visa, Mastercard ‘swipe fee’ settlement
(DBN)

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Rail:

Norfolk Southern withheld information during East Palestine emergency response, investigators say
(DBN)

____________

Sports:

Vitesse only has enough money for another week and a half; bankruptcy looms
(DBN)

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Sovereigns:

Sri Lanka finalizes debt restructuring agreement with Official Creditor Committee
(DBN)

Venezuela international bondholders hire legal advisors for restructuring
(DBN)

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UK:

U.K. elections could mean a big tax bill for private equity
(DBN)

The Hospitality Giant Making Its Staff Homeless
(DBN)

Katie Price’s £2m Mucky Mansion swarmed by bailiffs on eviction day
(DBN)

European Job Seekers Turn Away From UK After Brexit
(DBN)

____________

EU:

ECB’s Rehn Sees Bets for Two More Cuts in 2024 as ‘Reasonable’
(DBN)

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Canada:

Justin Trudeau gets a wakeup call
(DBN)

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Russia:

The Hague hits Putin’s military cronies with arrest warrants for war crimes
(DBN)

EU launches membership talks with Ukraine
(DBN)

Moscow blocks online access to 81 news outlets
(DBN)

Why it took the U.S. nearly 10 years to ban a Russian cyber vendor
(DBN)

Is Putin’s Ukraine obsession distracting from a rising threat at home?
(DBN)

Russia’s weapons production has actually increased dramatically despite Western sanctions, report says
(DBN)

ICC Issues War Crime Warrants for Russians
(DBN)

Russia to Start Secret Trial of US Reporter on Espionage Charge
(DBN)

____________

MENA:

Dubai Court of Appeal’s Landmark Decision: Bankruptcy Reversed Amidst Asset Concealment by Debtor
(DBN)

U.S. and Israel to reconvene Iran meeting canceled after Netanyahu accusations
(DBN)

Israel’s Order to Draft Ultra-Orthodox Faces Political Maelstrom
(DBN)

Half a million people in Gaza face starvation risk: report
(DBN)

U.S. warned Hezbollah it can't hold Israel back if escalation continues
(DBN)

____________

Kenya:

Kenya’s parliament burns as protesters object to new taxes
(DBN)

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Germany:

Germany sees alarming rise in anti-Semitic incidents
(DBN)

____________

India:

India probe finds Byju’s didn’t commit fraud but had compliance lapses Byju’s Governance Fail: Cleared of Fraud, Bankruptcy Dropped
(DBN)

Indians march to end 'slavery' after worker death shakes Italy
(DBN)

____________

France:

French PM refuses to 'promise the moon', clashes with far-right in debate France’s Main Parties Clash on Economy, Immigration in TV Debate
(DBN)

French Companies Are Rushing to Sell Junk Debt Ahead of Election
(DBN)

____________

Spain:

Top Spanish Court Rules Kiss Without Consent Is Sexual Assault
(DBN)

____________

China:

Chinese developer Shimao's liquidation hearing adjourned to July 31
(DBN)

China’s 10-Year Yield Down to Lowest Since 2002 as Rally Extends
(DBN)

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