March 1, 2024

The Daily Bankruptcy News

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Law:

Top Magic Circle Firm Takes A Chance On Artificial Intelligence
(DBN)

As law firm office space shrinks, natural light is in and ‘capacious’ corner offices are gone
(DBN)

Kasowitz Benson sues former Gibson Dunn partner for nearly $500K in latest suit seeking legal fees Marc Kasowitz’s Firm Seeks Unpaid Bills From Ex-Big Law Attorney
(DBN)

Greenberg Traurig Hits 10th Consecutive Year of Record Revenue
(DBN)

Law Professor Wants Us To Leave The 'I HATE BLACK PEOPLE' Supreme Court Alone
(DBN)

Florida’s Anti-DEI Push Axes ‘Bias Elimination’ Lawyer Training
(DBN)

Associate dismissed after complaining that a client 'sold him flea-ridden kittens'
(DBN)

UK: Gibson Dunn raises NQ salary to £180,000
(DBN)

Ex-Linklaters partner told to repay $30m after buying a superyacht
(DBN)

Some taking California bar exam say Cow Palace venue was so cold it may have affected their test results Bar Examinees Subjected To Freezing Conditions At Test Venue
(DBN)

Black Hair Big Law (Part IV): Clerking While Black And The Rise Of Courtroom Karen
(DBN)

Supreme Court's immunity hearing leaves prospect of pre-election Trump Jan. 6 trial in doubt
(DBN)

A single sentence signals Supreme Court will toss Trump's 'crazy' claim: experts
(DBN)

Supreme Court Takes Up Immunity Case Winning Donald Trump A Battle... Maybe Costing Him The War
(DBN)

Does narrowed question in Trump immunity case benefit special counsel? Some commentators think so
(DBN)

What happens next after Supreme Court agrees to hear Trump immunity case
(DBN)

Texts show prosecutor’s ex-law partner gave info for effort to remove Fani Willis from election case With salacious testimony finished, legal arguments to begin over Fani Willis’ future in Trump case Closing arguments to begin on bid to disqualify Fulton County DA Fani Willis from Trump election case
(DBN)

Judge Aileen Cannon Does ... The Right Thing? These are the questions Jack Smith and Trump lawyers don't want Mar-a-Lago jurors asked Judge in Trump’s classified documents case expected to set trial date during crucial hearing Jack Smith seeks July 8 trial date for classified docs
(DBN)

'The court filing equivalent of a paper napkin': Carroll flames Trump's $83M stay request
(DBN)

Trump's one loss this week: His 2024 courtroom campaign strategy
(DBN)

Trump to Stay on Illinois Ballot as He Appeals Jan. 6 Ban
(DBN)

Ex-divorce lawyer’s testimony complicates Willis, Wade controversy
(DBN)

Biden heads to a border city where immigration is a ‘mixed bag’ Split screen: Biden, Trump and two very different border trips Biden and Trump deliver different messages in person on the same day at the southern border "Join me," Biden tells Trump Judge blocks Texas law that gives police broad powers to arrest migrants who illegally enter US Judge blocks Texas from arresting undocumented border crossers: There is no 'invasion' Venezuela Migrants Return Requires Political Change, Poll Shows TX AG Paxton Goes After Religious Groups for Helping Migrants Greg Abbott Jokingly Discusses Building Border Wall Around 'Liberal' Austin Trump says he'll use local police for mass deportations if he's elected Trump’s immigration policies are his old ones — but worse
(DBN)

FBI raids 2 homes belonging to New York City Mayor Eric Adams' director of Asian affairs
(DBN)

Sheriff Who Presided Over Violent 'Goon Squad' Tries To Play Dumb
(DBN)

A ‘Stunning’ Element of the Alabama IVF Ruling ‘Scratching their heads’: State lawmakers take a closer look at personhood laws in wake of Alabama ruling
(DBN)

Trump's claims of a migrant crime wave are not supported by national data
(DBN)

Missouri process server and police officer shot and killed after trying to serve eviction notice
(DBN)

Man who skirted two murder convictions mows down own brother two times with car: Cops
(DBN)

Couple used Amazon driver disguise to attack mom and kidnap her infant, police say
(DBN)

Cellular, Wifi Jammers Let Thieves Rob Homes
(DBN)

Oregon's pioneering drug decriminalization effort faces rollback
(DBN)

Juvy guard 'planned to build a life' with 16-year-old boy she met in jail: Deputies
(DBN)

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Judges:

BK RI: On the Docket Newsletter - Winter 2024 Edition
(DBN)

Bankruptcy Judge Position Northern District of Illinois
(DBN)

Texas Bankruptcy Judge Says There’s ‘No End in Sight’ to 4-Year-Old Highland Capital Management Case After Facing Calls for Recusal
(DBN)

3 signs Clarence Thomas may 'release the Kraken' and side with Trump on immunity
(DBN)

McConnell Built Today’s Supreme Court. Will He Come to Regret It?
(DBN)

Stalker ex allegedly threatened to ‘kill some judges and prosecutors in Palm Beach’
(DBN)

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Wall Street:

Stock futures slip after Nasdaq gets first record close in more than two years
(DBN)

US stocks climb as the Fed's preferred inflation gauge rises in-line with estimates
(DBN)

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Layoffs:

U.S. jobs market is hot, but layoffs keep coming
(DBN)

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Food/Beverage:

Popular burger chain closes down all locations after confirming ‘unfortunate reality’ of restaurant’s bankruptcy
(DBN)

Why fast-food fans flipped out over Wendy's pricing
(DBN)

Wendy's debacle is a flashback to Coca-Cola's own failed price-raising bid
(DBN)

How Australia’s craft breweries are finding ways to avoid insolvency
(DBN)

SuperDeluxe and Boxer File for Chapter 11 Bankruptcy
(DBN)

Madison brewer cites craft beer market slide in bankruptcy filing
(DBN)

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Education:

Federal complaint alleges Berkeley public schools allowed discrimination against Jewish children
(DBN)

There's A Multistate Trend Of Public Schools Replacing Guidance Counselors With Pastors
(DBN)

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Healthcare:

How Medicaid could help cover migrants' housing costs
(DBN)

Medicaid challenges leave many Black Americans uninsured
(DBN)

Obesity now greater risk to global health than hunger, study finds More Than 1 Billion People Worldwide Suffer From Obesity Obesity drugs will not solve our billion-person problem, warns WHO
(DBN)

The billion-dollar health scam the federal government won’t stop
(DBN)

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Television:

They are TV’s ghosts — networks that somehow survive with little reason to watch them anymore
(DBN)

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Economy:

Personal Income increased 1.0% in January; Spending increased 0.2%
(DBN)

Fed's favorite inflation measure confirms quicker price gains in January
(DBN)

Fed’s Williams Repeats Rate Cuts Likely Coming Later This Year
(DBN)

Biden Will Push Higher Taxes for the Rich in State of the Union
(DBN)

Biden world braces for consumer sentiment survey
(DBN)

How much wealth you need to be in the top 1% in countries around the world
(DBN)

Weekly Initial Unemployment Claims Increase to 215,000
(DBN)

Americans' job jitters rise despite strong labor market
(DBN)

Don't trust the 'vibecession' as inflation isn't nearly as bad as it feels, Nobel economist Paul Krugman says
(DBN)

Hedge-fund titan Kyle Bass blamed Joe Biden for his $85 room-service breakfast. It didn't go well for him.
(DBN)

Head of Freedom Caucus bashes funding deal, vows shutdown fight Congress approves a short-term extension to avoid a shutdown and buy more time for final spending agreement Congress delays government shutdown for another week Mike Johnson faces pivotal test with House Democrats
(DBN)

Forget California exodus. New Jersey residents lead an influx back into the Golden State
(DBN)

Florida Homeowners Are Desperately Trying to Move Out
(DBN)

Texas among Top 5 ‘worst states' for women to live in, report finds
(DBN)

Ten Myths Sabotaging Social Security Reform
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

NAR: Pending Home Sales Decrease 4.9% in January; Down 8.8% Year-over-year
(DBN)

Freddie Mac House Price Index Increased in January; Up 6.2% Year-over-year
(DBN)

PCE Measure of Shelter Slows to 6.1% YoY in January
(DBN)

Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in this market, Zillow says
(DBN)


The housing market just saw its biggest inventory spike in nearly 3 years
(DBN)

Trump Warns of Big Losses From Asset Sales During Property Slump
(DBN)

How much living space $1 million buys around the world
(DBN)

Stay away! Shameless squatter refusing to leave Long Island couple's 'dream' home is living in garbage-strewn rooms with furniture covered by dust sheets Queens family hires celebrity security guard to watch over $2M home taken over by squatter
(DBN)

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Oil/Gas:

“Nobody really knows what you’re supposed to do”: Leaking, exploding abandoned wells wreak havoc in West Texas
(DBN)

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Tech:

Humanoid robots draw millions from Bezos, OpenAI and more
(DBN)

Generative AI Is Challenging a 234-Year-Old Law
(DBN)

Musk’s X asks judge to penalize nonprofit researchers tracking rise of hate speech on platform
(DBN)

Elon Musk sues OpenAI and CEO Sam Altman over contract breach
(DBN)

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Media:

Judge holds journalist Catherine Herridge in contempt for refusing to divulge source
(DBN)

‘It’s Like Survivor’: Cable News Braces For The Great Pay Cut
(DBN)

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Fraud:

False Advertising Ends in Bankruptcy
(DBN)

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Celebs:

Katie Price set to lose thousands after court rules nearly half of her OnlyFans monthly income is to be deducted amid bankruptcy
(DBN)

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Tax:

High-income earners who skipped out on filing tax returns believed to owe hundreds of millions of dollars to IRS
(DBN)

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Banking:

NYCB plunges 25% as fresh banking fears temper inflation relief Shares of NYCB fall more than 20% after bank discloses ‘internal controls’ issue, CEO change Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street NYCB Takes $2.4 Billion Hit, Flags Weakness and Replaces CEO
(DBN)

Does America Need More Big Banks?
(DBN)

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Retailing:

The zombie CVS, a late-capitalism horror story
(DBN)

Polished, which began as Goedeker's, plans to file for bankruptcy, suspends business
(DBN)

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Labor:

What's Driving the Changes to Child Labor Laws?
(DBN)

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Tourism:

Las Vegas January 2024: Visitor Traffic Up 3% YoY; Convention Traffic Up 9%
(DBN)

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Social Media:

Trump Media sued by co-founders ahead of DWAC merger, potential setback for lucrative deal
(DBN)

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Movie Theaters:

All of AMC’s revenue growth came from Taylor Swift and Beyoncé films, theater chain says
(DBN)

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Crypto:

Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement
(DBN)

SEC Calls Terraform's Dentons Retainer 'Opaque Slush Fund' in Bankruptcy Court SEC Raises Alarm Over Terraform Labs’ $166M Legal Fee; Here’s Why
(DBN)

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Music:

The crisis facing live music in Britain
(DBN)

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Autos:

Bankrupt Lordstown Motors to Pay $26 Million to Settle SEC Probe
(DBN)

Fisker Warns It May Run Out Of Money In The Next 12 Months
(DBN)

Judge allows racial harassment lawsuit by 6,000 Black employees against Elon Musk's Tesla
(DBN)

Tesla stands to earn billions by opening U.S. charging stations to drivers of Ford and other EVs
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Prison Health-Care Bankruptcy Tests ‘Texas Two-Step’ Strategy
(DBN)

Endo agrees to $465M bankruptcy deal with federal government, inks 2 opioid settlements
(DBN)

This Chicago-based Catholic order is keeping secrets about child-molesting clergy around the United States
(DBN)

Deadline looms for survivors as Baltimore Archdiocese files for bankruptcy
(DBN)

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Transfers:

How Physics Informs Law Physics Informs Law: Analyzing Legal Issues that Turn on the Scale of Observation
(DBN)

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Aviation:

Astra warns of “imminent” bankruptcy
(DBN)

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Climate:

Smokehouse Creek Fire in Texas explodes to become second-largest wildfire in U.S. history after burning 1.1 million acres Texas wildfire is so big, you can see it from space Firefighters race to corral Texas wildfires before a weekend of hot, windy weather Texas battles historic wildfires as snow covers scorched land in the Panhandle 1 dead as more than 1 million acres burn across the state Smokehouse Creek Fire is officially largest in Texas history, covering over 1 million acres Texas fires happen in the winter. Just never at this scale before.
(DBN)

Big Oil’s favorite climate solution is ‘like trying to push water uphill,’ climate chief says
(DBN)

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Politics:

McConnell exit surprises GOP: ‘It’s Trump’s party now’ Cornyn launches bid to succeed McConnell as GOP leader ‘Three Johns’ lead race to succeed McConnell Cornyn Slaps Down Texas AG Ken Paxton For Attacking His Bid for Senate Leadership: ‘Hard to Run from Prison, Ken’ Inside Mitch McConnell’s Season of Losses Trump won't get to hand-pick McConnell's successor — just look at what happened to Jim Jordan How Mitch McConnell broke Congress
(DBN)

Survey: 55% of Latino Protestants support Christian nationalism
(DBN)

Romney on voting for Trump over Biden: ‘No, no, no, absolutely not’
(DBN)

House panel grills Secretary Austin about secret hospitalization Republicans push Austin for answers during tense hearing over his hospitalization
(DBN)

Republicans used to back Ukraine. Then came middle fingers in Alabama.
(DBN)

White House demands Fox News retract coverage of bribery allegations against Hunter Biden, president Hunter Biden gives House Republicans the rebuttal they didn’t want Key takeaways from transcript of Hunter Biden's testimony This tense showdown between Hunter Biden and Matt Gaetz over drug use is quite something
(DBN)

Washington state’s largest labor union endorses ‘uncommitted’ over Biden
(DBN)

‘WAKE UP!’ Re-Elected Rep. Goes off on Partisan Drama, Hyperbole and Histrionics in Stunning Speech to Full Chamber
(DBN)

Ex-politician in jail for $61M dark money scheme says undisclosed cash is free speech
(DBN)

Trump hired me to find election fraud in Arizona. Here's what I found instead
(DBN)

Donald Trump Edges Closer to Bankruptcy
(DBN)

Gaza Outrage Gets Personal as Protesters Target Biden and Cabinet Members
(DBN)

'She sits in a tough chair': Meet Susie Wiles, the operative trying to guide Trump through four indictments to the White House
(DBN)

Lauren Boebert's Son Made a Sex Tape Too
(DBN)

Missouri GOP moves to toss 'honorary' member of Ku Klux Klan from governor's race
(DBN)

Alabama House approves bill to protect IVF providers
(DBN)

GOP's post-Roe peril spreads like wildfire Trump Claims Roe v. Wade Allowed Women ‘To Kill the Baby After Birth’
(DBN)

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EU:

Eurozone Inflation Slows Less Than Forecast, Backing ECB Caution Holzmann Says ECB Can’t Rush on Cuts, Still Sees Inflation Risks
(DBN)

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MENA:

Palestinian deaths in Gaza pass 30,000 as witnesses say Israeli forces fire on crowd waiting for aid Dozens of Palestinians killed in incident around Gaza aid convoy 100-plus killed as Israeli soldiers open fire on Palestinians waiting for aid: Gaza officials Biden says Gaza aid convoy incident will complicate hostage talks Biden still 'hopeful' but walks back prediction of Monday ceasefire deal in Gaza
(DBN)

Saudi-Led Arabs Push Blueprint for Palestine State as War Rages
(DBN)

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Russia:

Putin just made one of his most explicit threats of nuclear war yet Putin threatens to nuke the West after accusing Nato of planning to strike Russia in rambling speech
(DBN)

Putin’s vision for Russia’s next 6 years: Keep fighting, quit drinking, have babies
(DBN)

Biden officials weigh giving Ukraine weapons without replacing U.S. stocks right away or waiting for Congress funds
(DBN)

Hearses refuse to take Navalny's body to funeral after threats
(DBN)

Revealed: how Putin plans to flood West with migrants
(DBN)

Profits from frozen Russian assets should be used to help buy weapons for Ukraine, European Commission head says Yellen Says Russian Assets ‘No Substitute’ for US Aid to Ukraine
(DBN)

UK Is Pushing Germany to Send Taurus Missiles to Ukraine
(DBN)

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Sweden:

Swedish Bankruptcies Surge in Worst Month for Three Decades
(DBN)

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China:

Country Garden faces heat from liquidation suit to get cracking on debt revamp talks
(DBN)

China Stocks See Largest Weekly Outflow Since October, Says BofA
(DBN)

China Factory Activity Slows as Weak Demand Hampers Growth
(DBN)

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India:

He was the billionaire founder of India’s most valuable startup. Now his firm has lost 95% of its value—and shareholders just voted him out
(DBN)

India’s Economic Growth Unexpectedly Accelerates to Above 8%
(DBN)

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Mexico:

Sapura Energy's Mexican unit declared bankrupt
(DBN)

Mexico’s Presidential Race Is Shaping Up to Be a Blowout
(DBN)

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