June 7, 2024

The Daily Bankruptcy News

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Law:

Kim Kardashian Returns To Studying Law, And 'Can't Deal' With Hearsay Exceptions
(DBN)

Some Summer Associate Is Showing Up To Work In A Horse-Drawn Carriage
(DBN)

Norton Rose US Head Targets Lawyer Growth, Eyes AI Disruption
(DBN)

AI 'Leverage' Means Some Firms Are Getting Less Work, In-House Lawyers Say
(DBN)

The Legal Pedigree Of Donald Trump's VP Shortlist
(DBN)

Chris Pettit's friends, 'intimate partners,' banks and even 1 of his victims are targets of lawsuits
(DBN)

'She vomited on the table': In-house lawyers reveal their worst law firm experiences
(DBN)

Cooley Sued for ‘Tricking’ Biote Founder in SPAC Deal Gone South
(DBN)

Judge shreds lawyer's claim that ex-Baker McKenzie lawyer sexually assaulted her
(DBN)

BNP Paribas lawyer who called his bosses ‘c----’ referred for discipline
(DBN)

Law firm and lawyer in ‘quiet quit’ dispute drop their litigation
(DBN)

Gun-Waving McCloskeys Got Their Records Wiped. Now They Want Their Weapons Back
(DBN)

'Seasoned' Government Lawyer Roasts The Competition On 'MasterChef: Generations'
(DBN)

Trump-appointed judge revokes Steve Bannon's bail, orders him to surrender to prison Judge orders Steve Bannon to report to prison on July 1 for contempt of Congress sentence Steve Bannon ordered to prison while he challenges his conviction for defying Jan. 6 committee Steve Bannon's "Wall Fraud" Trial Postponed Steve Bannon Still Won’t Shut Up Even as He’s Ordered to Jail
(DBN)

Even Sean Hannity can’t get Trump to back away from wanting revenge Trump’s Obsession With Revenge: A Big Post-Verdict Danger Trump says "sometimes revenge can be justified"
(DBN)

Trump Lawyer Lost Weight By Passing Up His Client's Fast-Food Extravaganza During Trial Lunch Breaks
(DBN)

Mar-a-Lago judge indefinitely delays key hearing over alleged 'prosecutorial misconduct' Isolated and inexperienced: A portrait of the judge overseeing Trump’s documents case from veterans of her courtroom 'Not normal at all': Legal analyst buries Aileen Cannon's latest maneuver
(DBN)

LegalZoom Sued For Unauthorized Practice Of Law In State That Still Recognizes Alina Habba
(DBN)

Newsmax faces subpoena as bankruptcy lawyers deepen probe of Rudy Giuliani's finances
(DBN)

Trump lead over Biden slips after former president’s conviction: Polling Barr: Trump hush money case will be ‘overturned’
(DBN)

The One Big Problem With Trump's Felony Appeal
(DBN)

Pennsylvania Republicans boo officers who defended Capitol on Jan. 6 Metal whip-wielding Jan. 6 rioter busted by his would-be Bumble date learns his fate
(DBN)

Former federal prosecutor: ‘Appreciable chance’ Trump dies in prison if he loses reelection bid
(DBN)

Trump's conviction in New York extends losing streak with jurors to 0-42 in recent cases
(DBN)

Trump calls for indictment of Jan. 6 committee members. Hear how one is responding
(DBN)

Hunter Biden may be doomed to lose his trial. His best bet is appealing a 'vindictive prosecution.' Is Hunter Biden being prosecuted because of politics? Hallie Biden testifies in trial about drug addictions that rocked the Biden family Hallie Biden testifies she "panicked" when she found gun in Hunter Biden's car Hunter Biden was using drugs around the time he bought a gun, Hallie Biden says The exiled Biden: Trial reveals anguish of Hunter's ex-wife Video shows Hunter’s ‘ashamed’ sister-in-law, ex-lover dump gun in garbage as she testifies he introduced her to crack: ‘I regret that time of my life’ Jeanine Pirro accuses Jill Biden of trying to intimidate Hunter Biden trial jurors Republican Talking Heads Do Their Best To Make Hunter Biden Trial About Black People Subverting Justice ‘This is their family’: Close-knit Bidens turn out for Hunter’s trial Biden says he wouldn’t pardon son Hunter amid federal gun trial
(DBN)

Ray J Distances Himself From Diddy, Calls for Mogul to Get ‘1,000 Lashes’
(DBN)

The Supreme Court is poised to take one of Biden’s few tools on abortion access
(DBN)

Your Car May Soon Have to Warn You When You Are Speeding
(DBN)

This Catholic leader shelters migrants. Texas says he runs ‘stash houses.’ Migrants who cross the border illegally won’t be allowed a lawyer if they don’t get one pronto
(DBN)

Gilgo Beach suspect Rex Heuermann charged with murders of two more women Newly indicted Gilgo Beach serial killer suspect studied 'Mindhunter,' took notes: Docs Suspect in Gilgo Beach killings may have started preying on women over three decades ago
(DBN)

Halyna Hutchins' Family Sues Alex Baldwin
(DBN)

Horrifying video shows madman firing randomly at cars in LA — killing father of 4
(DBN)

Teen paralyzed after girl’s dad shoots him over controversial ‘Senior Assassin’ trend in Walmart parking lot
(DBN)

2 police officers under investigation after they were recorded beating a man with batons at a bus stop
(DBN)

Judge dismisses attempted murder and other charges in state case against Paul Pelosi’s attacker
(DBN)

Judge’s revelation is new twist in saga of man driving in video during suspended-license hearing
(DBN)

YouTuber charged in social media stunt for 'Destroying a Lamborghini With Fireworks'
(DBN)

FBI searches defendant's home after juror allegedly offered $120,000 bribe for not guilty verdict
(DBN)

Trump wants local police help on deportations. GOP sheriff candidates: not in Miami-Dade
(DBN)

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Judges:

Judicial Law Clerk - Term, Pittsburgh, PA
(DBN)

Thomas has accepted $4M in gifts during career: Watchdog Clarence Thomas's Corruption Finally Has A Price Tag Justice Clarence Thomas comes away with big budget gift haul, watchdog group says
(DBN)

Former Alito law clerk says justice should recuse himself from cases
(DBN)

Neighbor Who Called Alito’s Wife ‘C-Word’ Speaks Out On CNN: ‘They Had Been Harassing Us So Long’ Alito neighbor says justice either 'mistaken' or 'lying' about upside-down flag timeline
(DBN)

In concurrence confession, appeals judge says ChatGPT research ‘less nutty’ than feared
(DBN)

Neil Gorsuch Says Supreme Court Colleagues Are A 'Blessing' To The American People
(DBN)

Tennessee Supreme Court Disbars Drug-Trafficking Former Judge
(DBN)

Judge Recuses From Gaza Case After Wartime Trip to Israel
(DBN)

Concurrences Are All the Rage
(DBN)

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Wall Street:

 

World stocks at record high after cautious ECB rate cut
(DBN)

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Layoffs:

Rubio's Coastal Grill employees experience issues with final check after closures
(DBN)

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Tech:

Elon Musk's X ran ads on #whitepower and other hateful hashtags
(DBN)

Ashton Kutcher Says Soon ‘You’ll Be Able to Render a Whole Movie’ Using AI
(DBN)

Regulators set stage for AI antitrust battles
(DBN)

Why lying on the internet keeps working
(DBN)

Adobe Tries Screwing Over Their Customers
(DBN)

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E-Cigarettes:

The FDA reverses ban on Juul e-cigarettes
(DBN)

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Non-Profits:

Charities owed money by 4Run3 win bankruptcy trustee to pursue assets 4RUN3 brought to federal court for involuntary bankruptcy case
(DBN)

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Retailing:

Rite Aid’s lenders won’t let it exit bankruptcy unless CEO takes a cut on $20 million payout
(DBN)

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Religion:

Southern Baptists are poised to ban churches with women pastors. Some are urging them to reconsider
(DBN)

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Food/Beverage:

Red Lobster plans to close more restaurants after filing for bankruptcy
(DBN)

This is cash-strapped Tijuana Flats’ survival tactic amid bankruptcy
(DBN)

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Economy:

Latest jobs report expected to show slower but still-steady growth US Jobs Report Is Set to Confirm a Steady Slowdown Underway
(DBN)

U.S. Payroll Gains Not As Robust As Reported, BLS Data Suggest
(DBN)

May Employment Preview
(DBN)

What to expect from Friday’s jobs report
(DBN)

Weekly Initial Unemployment Claims Increase to 229,000
(DBN)

How Biden's border restrictions could affect the labor market
(DBN)

Want to Pay Cash? That’ll Cost You Extra
(DBN)

Top 10 States With The Highest Earners
(DBN)

Trade Deficit Increased to $74.6 Billion in April
(DBN)

Rising U.S. Debt Load Poses A Growing Risk For Treasury Market
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

1st Look at Local Housing Markets in May
(DBN)

Real Estate Investors Are Wiped Out In Bets Fueled By Wall Street Loans
(DBN)

Realtor.com Reports Active Inventory Up 35.5% YoY
(DBN)

Home prices are cooling nationwide. These 4 cities are leading the declines.
(DBN)

I'm a multimillionaire who chooses to rent rather than buy a house. I'm glad I'm not wasting money on a mortgage.
(DBN)

Office Building Losses Start to Pile Up, and More Pain Is Expected
(DBN)

Florida is so last year — here is the new affordable hotspot people are moving to in 2024
(DBN)

Company managing former WeLive space in Crystal City files for bankruptcy
(DBN)

New Florida Law Reins in HOAs
(DBN)

A homeowner mutiny is leaving Florida cities defenseless against hurricanes
(DBN)

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Oil/Gas:

Exxon-led Golden Pass LNG project delayed at least six months
(DBN)

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Corporate Governance:

Tesla board chair explains what could happen if Elon Musk's pay package is rejected
(DBN)

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Personal Finance:

Why lifestyle creep can cause HIFIs to spend 'every cent they make,' according to a financial planner
(DBN)

Millennials have a favorite parenting style. It isn't working.
(DBN)

A job seeker says she was invited to a work happy hour after an interview, but it turned out to be another hiring test
(DBN)

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Climate:

Heat dome traps California under extreme temps, brings scorching record highs to Southwest Dangerous heat wave in the West is already breaking records and the temperatures could get worse US Southwest sizzles under heat dome in an ominous prelude to summer
(DBN)

Maps show how "Tornado Alley" has shifted in the U.S.
(DBN)

States beg insurers not to drop climate-threatened homes
(DBN)

Record hail stone the size of a pineapple found in Texas
(DBN)

Texans can expect to pay up to $858 in energy bills this summer, new report says
(DBN)

Nearly Half of Climate Reporters Faced Threats
(DBN)

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Education:

Colleges Lure Stranded Students With 50% Off Tuition, Free Dorms
(DBN)

From deepfake nudes to incriminating audio, school bullying is going AI
(DBN)

Texas may pay schools to use curriculum critics call overtly Christian
(DBN)

Campus protests haven't stopped as schools clear out for the summer
(DBN)

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Student Debt:

Whitehouse, Warren Urge Bankruptcy Watchdog to Alert Borrowers to New Guidance Simplifying Discharge of Student Loans in Bankruptcy
(DBN)

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Religion:

Pope's friends, observers try to make sense of homophobic PR disaster
(DBN)

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Sports:

Get Ready for NBA Players to Make $100 Million a Year
(DBN)

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Healthcare:

FTC Loss in Hospital Merger Shows Failing Firm Defense is Alive and Well
(DBN)

A New Bird Flu Death Is Making Experts Uneasy What to know about the first human case of H5N2 bird flu
(DBN)

The health care workforce crisis is already here
(DBN)

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Movie Theaters:

North Texas Alamo Drafthouse locations close, file for bankruptcy All five Dallas-Fort Worth area Alamo Drafthouse cinemas are closed. Here’s why Alamo Drafthouse Closes 6 Theaters in Texas and Minnesota as Franchisee Goes Bankrupt
(DBN)

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Media:

The Brits Invade US Newsrooms With a ‘Killer Instinct’ and Fleet Street Ethics
(DBN)

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Politics:

D-Day veteran tells Biden: ‘Don’t get old’ Biden mixes D-Day commemoration with warnings about democracy’s vulnerability As the world loses the last links to D-Day, vets recount the fateful hours on Normandy's beaches At D-Day Ceremony, Biden Warns Against Isolationism - WSJ
(DBN)

Veterans hit Trump as ‘draft dodger’ in Biden ad released on D-Day
(DBN)

Vermont GOP rules bar it from promoting any candidate who is a 'convicted felon'
(DBN)

A Bad Week for Backers of the Big Lie
(DBN)

Far-right, white nationalists step up rhetoric after Trump verdict
(DBN)

House Republicans Unveil New Bill To Put Former Presidents Above The Law
(DBN)

Liz Cheney-backed PAC hits Trump with subtle dig in new D-Day ad
(DBN)

Retirement anxiety brings battleground blues for Biden in states like Pennsylvania
(DBN)

Republicans look to reverse new transgender student protections Americans approve of LGBTQ+ people living as they wish, but their support drops for trans people, poll shows
(DBN)

Bipartisan senators warn ‘winds of authoritarianism are blowing in every direction’
(DBN)

What Kamala Harris isn’t talking about
(DBN)

GOP Sen. Candidate Royce White Accused of ‘Outrageous’ Illegal Spending
(DBN)

Rep. Byron Donalds defends comments about Jim Crow
(DBN)

A Warning
(DBN)

George Clooney fretted to White House that wife Amal could face sanctions over ICC case against Israel: report
(DBN)

‘Roundly Booed’: Rob Schneider Removed From Stage At Charity Event Over Anti-Trans And Anti-Vax Jokes
(DBN)

Oceans can no longer protect America
(DBN)

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Solar:

U.S. Adds Tariffs to Shield Struggling Solar Industry
(DBN)

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Publishing:

Inside the rise and fall of one of the world’s most powerful writing groups
(DBN)

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Textiles:

Renewcell’s bankruptcy was a shock to circular fashion. Now, the textile recycler is getting a second chance
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy filings rise as consumers struggle with credit card debt and more
(DBN)

Zombies: Ranks of world's most debt-hobbled companies are soaring Zombie Apocalypse: Debt-Hobbled Companies on the Rise, Survival Not Guaranteed
(DBN)

BK ME: May 2024 Statistics
(DBN)

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Plan Confirmation:

SDNY Adopts Guidelines for Combined Hearing on Disclosure Statement Approval and Chapter 11 Plan Confirmation
(DBN)

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Mass Torts:

US Supreme Court backs insurers' right to speak up in bankruptcy - Insurer neutrality "conceptually wrong and makes little practical sense"
(DBN)

Supreme Court Holds That Insurers With Financial Responsibility For Bankruptcy Claims May Be Heard In Reorganization Proceedings
(DBN)

Supreme Court Says Insurer Can Object to Chapter 11 Bankruptcy Plan
(DBN)

Truck Insurance Service v. Kaiser Gypsum- Definition of Party in Interest in Bankruptcy
(DBN)

Alito Sits Out Unanimous Supreme Court Decision Alito recused from a Supreme Court case. No, not that one.
(DBN)

Alex Jones Wants To Sell His Assets To Pay $1.5 Billion Owed To Sandy Hook Families Infowars host Alex Jones asks to convert bankruptcy to a Chapter 7 liquidation Alex Jones will liquidate his assets; what does that mean for Infowars? Alex Jones agrees to liquidate his assets to pay Sandy Hook families, in move that would end his ownership of Infowars
(DBN)

How 3M Discovered, Then Concealed, the Dangers of Forever Chemicals
(DBN)

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Subchapter V:

Sub V Task Force Report In A Nutshell: Part 6—Subchapter V Trustee As Mediator?
(DBN)

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Rejection:

Surviving Rejection: Noncompete and Confidentiality Provisions and Stand-Alone Agreement Survive Rejection of Franchise Agreement
(DBN)

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UST:

U.S. Trustee Program Updates Safeguards for Bankruptcy Funds Through Modernized Depository Agreement
(DBN)

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Awards:

Chambers 2024: Bankruptcy/Restructuring | USA
(DBN)

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D&O:

Delaware Bankruptcy Court Ruling Creates a Nightmare for D&O Policyholders Facing Qui Tam Actions
(DBN)

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Meme Stocks:

Keith Gill’s YouTube return puts billions on the line for GameStop GameStop soars 41% after Roaring Kitty schedules a YouTube live session for this week A very basic guide to the latest GameStop stock surge for people who know nothing about finance
(DBN)

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Aviation:

United Airlines CEO Takes Jabs At Ultra-Low-Cost Carriers For Being “Fundamentally Flawed”
(DBN)

Starship lands in the ocean with its engines firing for the first time, bringing Elon Musk one step closer to Mars
(DBN)

Boeing's Starliner spacecraft docks with space station after thruster issues
(DBN)

Lenders hope to recover at least 50% of Go First dues by auctioning land parcel
(DBN)

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Agribusiness:

Report calls for revamp of federal farming subsidies in drought-ridden Colorado River basin
(DBN)

Cows infected with bird flu have died in five US states
(DBN)

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Crypto:

FTX creditors object to bankruptcy reorganization plan FTX Bankruptcy Repayment Plan Challenged! Cash vs. Assets Debate Erupts
(DBN)

Judge orders video game developer to freeze accounts belonging to Ontario's so-called 'Crypto King'
(DBN)

Ex-federal agents and prosecutors ask White House to help imprisoned crypto exec
(DBN)

South Korea: 70% of defunct cryptocurrency exchanges fail to return customers’ money
(DBN)

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Fraud:

How a ‘Reverend CEO’ allegedly stole $1 billion in a crypto scam
(DBN)

British tech pioneer Mike Lynch acquitted at U.S. fraud trial
(DBN)

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UK:

English councils face terrifying £6.2bn funding black hole with more at risk of bankruptcy Third of ‘safety-valve’ councils face ‘bankruptcy’ Incoming ministers ‘will face UK public services on brink of collapse’
(DBN)

Body Shop administrators in race to wrap up sale
(DBN)

BBC Breakfast Charlie Stayt missing after bankruptcy threat as co-star makes awkward slip
(DBN)

British PM Sunak sparks outrage after leaving D-Day memorial early
(DBN)

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EU:

European Central Bank Cuts Interest Rates for the First Time Since 2019
(DBN)

As Europe votes, a populist wave surges Far right expected to gain strength in European elections, but divisions may lessen impact
(DBN)

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Russia:

Russia deploying air and sea assets for military exercises in Caribbean, U.S. official says Russian warships, including nuclear sub, missile frigate, will arrive in Cuba next week
(DBN)

NATO to Expand Defense Tech, Intelligence Sharing with Ukraine
(DBN)

Biden: US weapons will not be used to strike Moscow, Kremlin Biden clashes with Russia - and Ukraine - over use of weapons ahead of Zelenskyy ?meeting Putin warns he could provide weapons to attack the West and issues new nuclear threat
(DBN)

String of mysterious attacks across Europe opens new front in Russia’s war on the West
(DBN)

Russia attacks Ukraine’s critical infrastructure, including in Kyiv region
(DBN)

France will send Mirage fighter jets to Ukraine, Macron says
(DBN)

On D-Day anniversary, Macron, Biden to Ukraine: ‘We will not fail you’
(DBN)

Germany, France fight for Putin’s oligarchs to get their BMWs and Mercedes
(DBN)

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MENA:

Defense Secretary Austin says protecting civilians in Gaza is a 'strategic imperative'
(DBN)

How Biden is putting the heat on Netanyahu
(DBN)

Florida tire shop flies Nazi flag to protest ‘modern-day holocaust’ in Gaza — and owner insists it isn’t antisemitic
(DBN)

Netanyahu to address joint session of Congress next month
(DBN)

After eight months of Israel’s bombardment, aid agencies warn crisis in Gaza is ‘like nothing else the world has seen’
(DBN)

Israeli forces batter central, south Gaza with renewed truce bid at impasse
(DBN)

Israel says it won't let Palestinian Authority have Rafah crossing role
(DBN)

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India:

IBBI issues new guidelines to streamline process of appointing IPs as resolution professionals
(DBN)

India's once-hot startup Byju's was valued at $22 billion. Now, HSBC and BlackRock say it's worth nothing.
(DBN)

Tweaks to insolvency code may be reviewed
(DBN)

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