June 28, 2024

The Daily Bankruptcy News

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Law:

Vault Ranks The Best Summer Associate Programs (2025)
(DBN)

Big Law Bulks Up in Race to Harness the Power of the Sun
(DBN)

Can lawyers detach?
(DBN)

Faking It Till You Make It Doesn't Work For Practicing Without A License
(DBN)

How did Scalia Law respond to seduction complaints against law prof? Lawmaker wants answers
(DBN)

Lawyer tells 'fat' 'disgusting' woman to 'lose some weight'
(DBN)

Law firm wrongly sacked lawyer because she was pregnant
(DBN)

Judge rejects Trump’s claims that FBI misled court in Mar-a-Lago search warrant Mar-a-Lago judge bars gag order arguments but quickly reverses herself Jack Smith Reveals Avalanche of Evidence Against Donald Trump Judge Cannon calls for fresh look at 'crime-fraud exception' in blow to Jack Smith Jack Smith brings receipts of vile threats against FBI, judges, prosecutors in Trump cases Aileen Cannon Decision Creates 'Enormous Problem'—Legal Analyst
(DBN)

Flagpole-carrying man known for harassing Jan. 6 officers arrested, charged Suspected Proud Boy seen on video shoving a police officer's riot shield on Jan. 6: Feds
(DBN)

Trump co-defendant in Georgia RICO case wins bid to pause her case in blow to Fani Willis
(DBN)

Rudy's Efforts To Fend Off Defamation Damages Are Getting Ridiculous Inside Rudy Giuliani's bankruptcy spending: $100 on pizza, $4 polyester ties, and 'deep bronze' tanning lotion Rudy Giuliani Funneled Payments Through Missouri Bank Account, Records Show
(DBN)

Feds quote Scalia and urge SCOTUS to reject Steve Bannon's bid to stay out of prison
(DBN)

What's Behind Superstar Litigator Roberta Kaplan's New Firm?
(DBN)

A California DA is 'disappointed' that doctor who drove a Tesla carrying his family off a cliff gets mental health diversion instead of a trial
(DBN)

Conspirators allegedly tracked juror before leaving $120K cash at her home
(DBN)

‘Mad’ wife poisoned husband’s Mountain Dew with Roundup just ‘to be mean’: Police
(DBN)

Former Uvalde school district police chief charged with child endangerment after shooting that killed 21
(DBN)

Judge plans trial start for man accused of murdering four University of Idaho students
(DBN)

Woman with 'cold feet' makes false 911 call to avoid date: Cops
(DBN)

CDK Cyberattack is the New Norm
(DBN)

West Virginia couple charged with trafficking their adopted Black children to be used as ‘slaves,’ authorities allege
(DBN)

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Judges:

Jackson Walker Moves to Depose Ex-Bankruptcy Judge Over Romance
(DBN)

Cannon comes under scrutiny for plodding pace of Trump documents case
(DBN)

Supreme Court claws back SEC’s enforcement powers SEC defendants are entitled to jury trials, SCOTUS rules in case with ‘broad ramifications’ The Supreme Court just lit a match and tossed it into dozens of federal agencies
(DBN)

North Carolina Chief Justice hoists controversial flag day after Samuel Alito reports
(DBN)

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Wall Street:

S&P 500 futures climb as investors await inflation data and end of second quarter
(DBN)

Junior Bankers Log 100-Hour Weeks Again, And Tensions Are Rising
(DBN)

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Layoffs:

Patagonia gave 90 staff a choice — relocate across the US or leave the company. They've got 3 days to decide.
(DBN)

Sacked staff file WARN Act class action against bankrupt US Logistics Solutions
(DBN)

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SCOTUS:

Supreme Court allows emergency abortions in Idaho for now Biden, top aides praise Idaho abortion ruling Justice Ketanji Brown Jackson slams court for punting Idaho decision in scathing dissent ‘Storm clouds loom ahead’ after Supreme Court dismisses abortion dispute, Justice Jackson says
(DBN)

Supreme Court Sets Monday for Opinions Amid Wait for Trump Case
(DBN)

The Supreme Court rejects a nationwide opioid settlement with OxyContin maker Purdue Pharma
(DBN)

Supreme Court knocks down Wall Street regulator’s in-house courts
(DBN)

Sotomayor warns of 'judicial hubris' as SCOTUS upends fraud finding against talk show host
(DBN)

7 in 10 think justices put ideology over impartiality
(DBN)

Supreme Court punts on Trump immunity, taking thorny topic off debate table
(DBN)

Supreme Court expects decisions to stretch into July
(DBN)

Justice Amy Coney Barrett For The Win
(DBN)

Sotomayor Warns of New 'Threat' from Supreme Court
(DBN)

John Roberts Stood Up the Senate. Why Is He Getting Away With It?
(DBN)

The Supreme Court Sure Is Taking Its Time Ruining American Government
(DBN)

‘Tough luck’: The Supreme Court just took a new bite out of Biden’s agencies’ powers
(DBN)

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Politics:

A halting Biden tries to confront Trump at debate but sparks Democratic anxiety about his candidacy Democratic fundraisers sound alarm after Biden’s debate performance A 'hoarse' Biden stumbles over his words during shaky performance Biden says ‘we did well,’ no concerns about debate performance Biden debate performance is ‘nightmare’ for Democrats After That Debate, the Risk of Biden Is Clear Democrats are freaking out after Biden's debate performance The first debate was a complete disaster for Joe Biden Joe Biden should save his legacy by ending his candidacy Some Democrats start calling for Biden to step aside and 'throw in the towel' on 2024 ‘WTF’: Panicked Dems start looking for alternatives to Biden Biden’s Disastrous Debate Accelerates Doubts Over Candidacy Democrats really have no way to spin this. We break down Biden’s disastrous debate. Axelrod Tells Republicans, If Biden's Replaced, 'You Guys Are in Trouble' We just witnessed the end of Joe Biden’s presidency Democrats hoped the debate would reset the campaign. But not like this. After a devastating debate performance, Biden aides try to reassure panicky Democrats After the Debate: ‘I Don’t Think Joe Biden Should Be Running’ Biden’s candidacy in doubt after weak, frozen debate performance against Trump leaves Dems in ‘aggressive panic’ Bye-bye, Biden A Democratic plea: ‘Will they do something?’ Biden’s poor performance and Trump’s lies: four key takeaways from the debate Joe Biden just had a 90-minute senior moment. The debate really was that bad. Biden campaign officials' memo: Trump had a bad night, too Debate takeaways: Biden confirms some voter fears as Trump leans into grievances Biden snaps at Trump over immigration lies Post-debate, Trump's team was absolutely giddy Why replacing Joe Biden wouldn't be easy Fact-checking Biden and Trump’s claims at the first debate Trump downplays role on Jan. 6 and says some Capitol rioters are 'innocent' Biden’s debate performance is the wake-up call Democrats wanted to avoid Jon Stewart says Biden had ‘resting 25th Amendment face’ at debate Trump says he'll accept 2024 results if they're 'fair and legal' while airing false 2020 fraud claims Trump lied and misled. He still won the debate against Biden Winners and losers from the Biden-Trump debate How Trump Shockingly Thrived With the New Debate Rules Harris defends Biden debate performance in testy interview with Anderson Cooper 2024 presidential debate: Fact-checks of Biden and Trump ‘A turning point’: US allies wince at Biden debate performance
(DBN)

Trump has 4-point edge over Biden in post-conviction national poll
(DBN)

Trump rages against Biden, Fox News ahead of CNN debate 'Wrong as usual': Don Trump Jr. quietly deletes conspiracy theory after brutal fact check
(DBN)

McConnell breaks with Trump on vilification of Biden
(DBN)

Congress gives new NATO leader blank slate — despite past Trump criticisms
(DBN)

Michelle Obama's private frustration with the Bidens
(DBN)

Tim Scott says Trump asked for help after Charlottesville remarks
(DBN)

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Crypto:

FBI warns that 'lawyers' promising help to crypto scam victims could be scammers themselves
(DBN)

Coinbase sues SEC and FDIC over document requests related to past crypto industry actions
(DBN)

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Climate:

Tropical trouble brewing in Atlantic months ahead of schedule
(DBN)

Fear factor: Fort Lauderdale ‘one hurricane away’ from being under water again
(DBN)

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Economy:

US Economy Shows Further Signs of Slowing Under High Rates
(DBN)

The Federal Reserve’s Little Secret
(DBN)

Barkin Says US Economy Is Withstanding Fed’s Battle on Inflation
(DBN)

Fed and European Central Bank could cut interest rates in September, Morgan Stanley strategist says
(DBN)

IMF Blasts US Over Risky Deficits, Debt, Trade Rules and Banks
(DBN)

Labor shortages are the new normal
(DBN)

It's gearing up to be a hot travel debt summer for Gen Z and millennials
(DBN)

Ballooning U.S. budget deficit is killing the American dream
(DBN)

Black Americans demand to know what ‘Black jobs’ are after Trump debate comment
(DBN)

Charted: U.S. Wealth by Generation
(DBN)

46% of the US's middle class workers are now slashing — or completely cutting out — contributions to their retirement funds.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

The housing market is ‘stuck’ until at least 2026, Bank of America warns
(DBN)

Real estate brokers scramble for workarounds ahead of new rules on commissions
(DBN)

Texas Homeowners Struggle to Sell Their Houses
(DBN)

How U.S. homeowners can score tax breaks and other Biden climate cash
(DBN)

House prices in these pandemic hotspots are set to nosedive, real estate expert warns
(DBN)

11 big cities where home prices are falling the most
(DBN)

Homebuyers need more than $127K for a down payment: Zillow
(DBN)

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Municipalities:

The world’s most liveable cities for 2024
(DBN)

Mapped: The World’s Wealthiest Cities, by Millionaires and Billionaires
(DBN)

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Oil/Gas:

The List of Money Managers Dumping Oil Stocks Just Got Longer
(DBN)

Senate Probes Possibility of Collusion Between Big Oil and OPEC
(DBN)

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Banking:

US banks weather Fed's annual stress test, but risks rise
(DBN)

Big Banks to Pay $46 Million to Settle Swaps Collusion Claims
(DBN)

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Nursing Homes:

Cigna fights nursing homes’ pending sale, citing potential for broken agreements
(DBN)

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Education:

Bacone College files for bankruptcy to prevent further attempts to auction campus
(DBN)

Oklahoma state superintendent announces all schools must incorporate the Bible, Ten Commandments in curriculums Oklahoma ‘immediately’ requires schools to teach the Bible: ‘Strict compliance is expected’
(DBN)

For Florida's LGBTQ teens and teachers, the law is a moving target
(DBN)

NYC to ban phones in classrooms amid fears for fully addicted children
(DBN)

Right-wing group gets Anne Frank's Diary and other Holocaust books taken from Texas school
(DBN)

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Retailing:

Walgreens plans store closures as CEO says consumers 'stunned' by prices Walgreens could shutter hundreds of underperforming stores Why your local pharmacy may be closing
(DBN)

Target Lowers Bar for Workers to Stop Thefts to as Little as $50
(DBN)

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Healthcare:

PESP untangles Steward Health Care’s long road to bankruptcy
(DBN)

CDC issues dengue fever alert as hundreds of cases confirmed in Florida...
(DBN)

Some Surprises in the No Surprises Act
(DBN)

'Doesn't have a clue': Sam Alito shredded for thinking he knows better than emergency docs
(DBN)

COVID is on the rise again As Covid cases rise, CDC panel recommends new version of vaccine for fall
(DBN)

Surgeon General steps into political fray with gun violence ‘crisis’ designation
(DBN)

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Fraud:

The Supreme Court just made it much harder to go after financial fraud Supreme Court Greenlights Securities Fraud... Just As The Framers Intended
(DBN)

SCOTUS; Tipping Allowed for State Officials
(DBN)

Archegos Judge at 90 Presides Over Jury Crash Course in Finance
(DBN)

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Theatres:

State Theatre board members may be subpoenaed as bankruptcy proceedings continue
(DBN)

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Celebs:

Michael Jackson was $500 million in debt when he died, according to court filing Creditors file 65 claims for millions against Michael Jackson
(DBN)

What bankruptcy filing by Antonio Pierce’s wife really means
(DBN)

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Corporate Governance:

Musk Pay Plan Judge to Hold Hearing on Tesla Shareholder Vote
(DBN)

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Gig Economy:

Uber and Lyft agree to pay drivers $32.50 per hour in Massachusetts settlement
(DBN)

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Religion:

'Put a price on it': Transcript reveals blunt call between megachurch pastor and his accuser
(DBN)

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Student Debt:

Biden’s latest student debt woes are just the beginning
(DBN)

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Newspapers:

The Real Story of the Crisis at The Washington Post
(DBN)

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Utilities:

U.S. needs major nuclear expansion to meet rising electricity demand, Southern Company CEO says
(DBN)

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Pharma:

Drug prices have risen almost 40% over the past decade, according to a new tracker
(DBN)

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Gambling:

IPI, creditors, US trustee discuss selling hotel-casino
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. Adversary Proceeding Filings (83 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Consumer Default After the 2005 Bankruptcy Reform
(DBN)

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Mass Torts:

Supreme Court blocks Purdue Pharma opioid settlement, threatening billions of dollars for victims Supreme Court throws out multi-billion dollar settlement with Purdue over opioid crisis Purdue Pharma Decision: a Big Win for Mass Tort Victims Purdue Opioid Settlement on Verge of Collapse after Supreme Court Ruling Supreme Court Shreds Sacklers’ Opioid Deal — and Bankruptcy Norms In Purdue Pharma, Supreme Court Rules That Nonconsensual Releases Are A Nonstarter Supreme Court Rejects Liability Shield at Center of Purdue Pharma Settlement Supreme Court upsets $10-billion opioid settlement because it shields the Sacklers Supreme Court rejects controversial Purdue Pharma bankruptcy deal Supreme Court Rejects Purdue Pharma Deal to Shield Sackler Family - WSJ Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield Purdue’s Bankruptcy Went Too Far US Supreme Court Purdue ruling makes mass torts tougher to resolve in bankruptcy Supreme Court Ruling Spurs Rethink of Bankruptcy Shield in Mass Tort Lawsuits Supreme Court’s Sackler Ruling Upends Bankruptcy Settlements Supreme Court Blocks Purdue Pharma's $6B Bankruptcy Plan Over Sackler Protections Purdue Pharma ruling makes it more difficult for owners of bankrupt companies to sidestep liability Purdue: the ‘chaos’ coming for bankruptcy Families of those lost in opioid crisis 'devastated' by Supreme Court's decision to reject Purdue settlement Upending Purdue Pharma’s settlement does little to help today’s opioid crisis, advocates say
(DBN)

Brett Kavanaugh Calls Upon Congress To 'Fix The Chaos' The Supreme Court Just Unleashed Upon Opioid Victims Kavanaugh 'emphatically' rips SCOTUS for nixing OxyContin maker's opioid crisis settlement Brett Kavanaugh Warns Supreme Court Decision Will Cause 'Too Much Harm'
(DBN)

Bankruptcy cases to watch after US Supreme Court Purdue Pharma ruling
(DBN)

Alex Jones' Infowars shutdown looms as some Sandy Hook families seek to collect company assets immediately Sandy Hook Families’ Fight for Alex Jones’s Money Takes an Ugly Turn Judge stops parents' effort to collect on $50M Alex Jones owes for saying Newtown shooting was hoax
(DBN)


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Bankruptcy Strategy:

What Is the Difference Between Pre-Packaged and Pre-Negotiated Bankruptcy Plans, and What Are Restructuring Support Agreements?
(DBN)

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Subchapter V:

History & Progress of Subchapter V (Interview With Judge Harner)
(DBN)

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Bankruptcy Reform:

Welfare Debt
(DBN)

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Intercreditor:

Robertshaw Bankruptcy Order Could Affect Similar Transactions
(DBN)

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D&O:

Delaware Bankruptcy Ruling Will Give D&O Insureds Nightmares
(DBN)

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Sales:

Caution: Disputes Among Buyers at a Bankruptcy Sale Survive, 'Go Global Retail v. Dream on Me'
(DBN)

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Aviation:

Boeing sanctioned by NTSB for "blatantly" violating investigative rules
(DBN)

Why NASA astronauts are delayed at the space station after Boeing Starliner launch
(DBN)

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Rail:

Pollution from Ohio train derailment reached 110 million Americans
(DBN)

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Tech:

AI makes inroads in the oil patch
(DBN)

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Radio:

After Two Years, Mega Philadelphia Emerges From Bankruptcy
(DBN)

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Trucking:

Shuttered California LTL carrier files for bankruptcy
(DBN)

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Bicycles:

Giant making bid to buy Stages Cycling from bankruptcy
(DBN)

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Sovereigns:

Protest Deaths in Kenya Echo Decades of Angst Over IMF
(DBN)

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UK:

Macquarie Borrowed Big. Now 16 Million Thames Water Users are Picking Up the Bill
(DBN)

What Nigel Farage learned from the American right
(DBN)

Who is Keir Starmer? Life of man expected to be next UK Prime Minister
(DBN)

'Record' number sleeping on streets of London
(DBN)

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Canada:

Justin Trudeau's Bleak Poll Numbers
(DBN)

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MENA:

US intel indicates war between Israel and Hezbollah inching closer Israel Readies Troops for a Potential Escalation in Lebanon The U.S. readies to evacuate Americans from Lebanon if fighting between Israel and Hezbollah intensifies
(DBN)

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Russia:

Russia Sends Waves of Troops to the Front in a Brutal Style of Fighting
(DBN)

Europe planning 1,500-mile defense line protecting Poland & Baltics from Putin’s WW3 invasion threat
(DBN)

Russia is flooding Europe with discounted gas to win back Western buyers
(DBN)

House overwhelmingly rejects Greene, Gosar efforts to cut off aid to Ukraine
(DBN)

Russia Plans to Jack Up Divorce Fees Amid Hunt for War Funding
(DBN)

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France:

Tensions flare between far right, Macron camp ahead of France vote Macron’s Approval Plunges Just Two Days Ahead of French Election
(DBN)

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Ireland:

Irish insolvencies have hit their ‘highest level since 2018’, report reveals
(DBN)

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Brazil:

Brazil Police Search Home of Americanas’ Directors Over Fraud
(DBN)

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India:

Group Insolvency under IBC — these are the changing trends in India
(DBN)

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Mexico:

‘At Its Limit’: Mexico’s Buckling Grid Threatens Nearshoring
(DBN)

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Argentina:

Milei Wins Approval for Landmark Economic Reform in Argentina
(DBN)

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