March 11, 2024

The Daily Bankruptcy News

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Law:

That's Certainly *One* Way To Work At Cravath
(DBN)

Dechert's Global Finance And Real Estate Co-Chair Explains How Biglaw Firms Can Get More Women Into Partnership And Leadership Roles
(DBN)

‘There are obstacles, and it’s not you,’ says co-editor of collection of essays focused on female lawyers
(DBN)

Rich Banker’s Lawyer Accused of Being Too Polite to Vet His Cash
(DBN)

Davis Wright Crosses Million Dollar Mark for Equity Partners
(DBN)

Meeting Mental Health Challenges Head On In Biglaw Is Now Easier Thanks To This Lawyer
(DBN)

Eagles Stolen Notes Trial Ends Suddenly After Judge Says Don Henley ‘Manipulated' Prosecutors
(DBN)

Trump posts $91 million bond and files notice of appeal in E. Jean Carroll case Despite being found liable for attack, Trump claims E. Jean Carroll made 'false accusations' against him Trump may have defamed E. Jean Carroll again, one day after posting a $91.6 million bond for last case Trump's $91M E. Jean Carroll bond was put up by company linked to fraud trial
(DBN)

After Trump ballot ruling, critics say Supreme Court is selectively invoking conservative originalist approach SCOTUS ballot ruling raises new questions even as it answers others
(DBN)

There’s one man in the way of Trump’s return to the White House – and it’s not Biden
(DBN)

Trump wants to pause civil lawsuits over Jan. 6 until his criminal case in D.C. is done
(DBN)

Bankruptcy lawyers demand Giuliani reveal details of his legal work for Trump Rudy Giuliani’s ‘discovery misconduct’ in defamation case opens door for bankruptcy lawyers to demand docs on ‘legal services’ for Trump, cable TV earnings, and more Giuliani Financial Probe Sought by Poll Workers, Other Creditors
(DBN)

Hush money judge orders juror identities be kept secret
(DBN)

Jan. 6 Rioter Charged with Firing Gun in Attack Another Jan. 6 Rioter Arrested in Illinois Rep. Nancy Mace says voters have moved on from Jan. 6 Accused Jan. 6 rioter seen in video swinging at officers with a 'Trump' flag arrested Militia member nicknamed 'Reaper' is arrested for taking part in Capitol riot, feds say
(DBN)

Appeals court opens floodgates to civil liability lawsuits against Trump for Jan. 6
(DBN)

Fani Willis' Problems Keep Getting Worse Defense in Trump RICO case chides Fani Willis for opposing testimony of fellow prosecutor Fani Willis and special prosecutor in Trump RICO case accused of witness tampering
(DBN)

Special Counsel Asks Judge Cannon To Reject Trump's Immunity Claims As 'Frivolous.' Because They Are.
(DBN)

Ty Cobb: The ‘facts are terrible’ in Trump legal cases
(DBN)

A Trump criminal trial could run right up to and through the 2024 election
(DBN)

Law protecting Alabama IVF may do more harm than good, critics say IA: GOP Passes Personhood Bill & Threatens IVF
(DBN)

With courts coming for abortion and IVF, it’s hard not to wonder what the Supreme Court will go after next
(DBN)

Jurors determining James Crumbley’s fate confront weighty issues in quest for fairness James Crumbley cries during footage of his son's school shooting rampage
(DBN)

New true-crime docuseries sheds light on how polygraph tests are misused
(DBN)

Woman’s feet amputated after boyfriend allegedly shoved her in front of NYC train
(DBN)

Florida mother missing for days found alive in shipping container, banging on locked door
(DBN)

Migrants Commit Fewer Crimes Than Americans Judge rejects GOP attempt to block Biden’s migrant "parole" program Fact check: Marco Rubio says Biden won't detain people who enter the country illegally FactCheck: “Since May of last year, we have removed or returned more individuals than in any year since 2015.”
(DBN)

Helicopter patrolling US-Mexico border crashes killing three
(DBN)

The Rise of Illegal Homemade Machine Guns
(DBN)

Colorado Bureau of Investigation finds DNA scientist manipulated data in hundreds of cases over decades
(DBN)

4 engaged in murder-for-hire plot because 96-year-old woman was 'living too long': Sheriff
(DBN)

Woman arrested after burglarizing ex-boyfriend's home, dumping pickled pork on couch: Cops
(DBN)

Man convicted of murdering his ex-wife and her adult son amid electric bill dispute
(DBN)

LSU star's brother jumps on court, handcuffed during wild midgame fight
(DBN)

Three top nitrogen gas manufacturers in US bar products from use in executions
(DBN)

Oscar-nominated film ‘The Holdovers’ accused of plagiarism by screenwriter in bombshell allegations day before event: ‘Genuinely overwhelming’
(DBN)

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Judges:

Law firm taps Texas lawyer Rusty Hardin in bankruptcy judge conflicts case
(DBN)

Biden defends his direct criticism of the Supreme Court in the State of the Union Biden doubles down on criticism of Supreme Court for overturning Roe v. Wade Joe Biden Stares Down Supreme Court As He Quotes Dobbs Back At Them
(DBN)

US appeals judges argue suspension of 96-year-old colleague is constitutional
(DBN)

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Wall Street:

Dow Jones Futures Fall After Nvidia Wake-Up Call For AI Market Rally
(DBN)

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Layoffs:

Why did Rite Aid stop making severance payments to laid-off employees?
(DBN)

Steward Florida hospital cuts 152 staff
(DBN)

Catholic Charities to cut 300 jobs
(DBN)

Mass Layoff of YouTube Music Contractors Who Unionized Opens Up Questions
(DBN)

______________

Politics:

That one last phone call Joe Biden always needs to make
(DBN)

State of the Union Shows There's Life in the Old Boy Yet Biden team brings in $10 million in the 24 hours after the State of the Union NYT columnist calls Biden SOTU speech a ‘comeback’ after saying he should not run Biden releases ad addressing age, attacking Trump as campaign shifts New Biden Ad Pokes Fun at His Age: ‘I’m Not a Young Guy. That’s No Secret.’ “Smokin’ Joe Biden”: Campaign builds on SOTU buzz
(DBN)

A Pro-Biden dark money force
(DBN)

No Labels votes to move forward with 2024 third-party ticket
(DBN)

Lindsey Graham: Biden has 'screwed the world up every way you can'
(DBN)

Biden calls out Donald Trump, Marjorie Taylor Greene in his first post-SOTU speech
(DBN)

Trump escalates anti-migrant rhetoric ahead of Biden match-up
(DBN)

Trump’s Illinois delegates: Some tout election denials, others claim vaccines were useless or QR codes lead to government tracking
(DBN)

Guests at GOP event punch, kick effigy of President Joe Biden
(DBN)

Trump backtracks on statement that Georgia polls are rigged because now he is ‘winning by so much’ Tucker Carlson Already Pushing Stolen Election Conspiracy Theories About 2024
(DBN)

George Stephanopoulos Battles Nancy Mace in Explosive Showdown About Her Backing Trump — Despite Jury Finding He’s Liable for Rape
(DBN)

Biden addresses his age in new campaign ad after SOTU
(DBN)

Republican Leaving Congress Over 'Rumors'
(DBN)

Mystery Social Media Account Schooling Lawmakers on How to Do Job
(DBN)

GOP senator says 'that's true' in agreement with Biden while Republicans booed
(DBN)

DeSantis faces pushback in Florida as voters tire of war on woke Public school chaplain bill passes Florida Legislature
(DBN)

As Biden faces questions about his age, researchers weigh in on working in your 80s
(DBN)

Biden rebutter Sen. Britt blasted for using 20-year-old sex traffic story to attack border policy Katie Britt's Story Was an Out and Out Lie Sen. Britt denies misusing widely criticized sex trafficking anecdote in rebuttal of Biden’s State of the Union Chip Roy says Katie Britt thrown ‘to the wolves’ in SOTU response White House hits Britt for ‘debunked lies’ in State of the Union rebuttal Scarlett Johansson plays Sen. Katie Britt in a satire of her SOTU rebuttal on ‘SNL’ Is Katie Britt for real? Scarlett Johansson skewers Sen. Katie Britt's SOTU rebuttal on 'SNL': 'Craziest b—h in the Target parking lot'
(DBN)

Exodus From RNC as Lara Trump Takes Over Lara Trump says top priority at RNC is ‘protecting the vote’ Trump's team hires lawyer to "watch the money" at RNC
(DBN)

John McCain, Trump and Decline of the GOP
(DBN)

Led by Musk, Silicon Valley inches to the right
(DBN)

Judge Skewers Paxton's Suit Against Charity
(DBN)

Greg Abbott Gets Scathing Rebuke From Largest Texas Newspaper: 'Disturbing'
(DBN)

The Republican Rep Who Keeps Saying the Quiet Part Out Loud
(DBN)

'Prepping' for disaster diversifies as more Americans lose trust
(DBN)

Jimmy Kimmel Stops the Oscars to Fire Back at Donald Trump, Who Slammed the Show as ‘Boring’: ‘Isn’t It Past Your Jail Time?’
(DBN)

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Agribusiness:

Solar-Powered Farming Is Quickly Depleting the World's Groundwater Supply
(DBN)

This farmer's livelihood was ruined by PFAS-contaminated fertilizer
(DBN)

____________

Movie Theaters:

Are Movie Tickets About to Become Free? Five Takeaways from a SXSW Panel on the Future of Theatergoing
(DBN)

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Newspapers:

‘Santa Barbara News-Press’ Online Assets to Be Sold
(DBN)

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Economy:

U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9% February Employment Report: 275 thousand Jobs, 3.9% Unemployment Rate Comments on February Employment Report
(DBN)

The New Job Hot-Spots: Phoenix, Orlando and Albuquerque
(DBN)

Traders are on alert for a hotter-than-expected inflation print
(DBN)

Fed Officials to Signal Interest Rate Cuts Are Getting Closer
(DBN)

GDP Tracking: Low 2% Range
(DBN)

Jamie Dimon and Ray Dalio Warned of an Economic Disaster That Never Came. What Now?
(DBN)

'Buy now, pay later' goes from niche to normal as young people use it for daily essentials
(DBN)

Meet the typical retiree: A married woman in her 70s living on $30,000 a year in Maine or Florida
(DBN)

Senate advances $460B spending package to avert government shutdown Congress avoids shutdown with tougher battle ahead
(DBN)

America’s defense spending dragged into budget chaos
(DBN)

More employers offer child care benefits
(DBN)

Think capitalism is terrible? This economist says it’s already dead.
(DBN)

Biden budget proposal would raise taxes on large corporations, lower deficit over 10 years
(DBN)

Killing Affirmative Action Hits Another Business Sector
(DBN)

Firms From KKR to Coors Flag DEI as a Risk to Their Bottom Lines
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Realtor.com Reports Active Inventory Up 19.9% YoY; New Listings up 17.4% YoY
(DBN)

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

One-Third of Vacated WeWork Space Was Leased in 2023
(DBN)

Defaults are rising on highly leveraged workforce housing debt
(DBN)

Less money, less house: How market forces are reshaping the American home
(DBN)

Texas Facing Fresh Insurance Crisis
(DBN)

96-year-old woman was targeted in a mortgage scam and then killed in a murder-for-hire plot, sheriff says
(DBN)

10 U.S. metro areas where it takes the longest to sell a home—3 of them are in Texas
(DBN)

Investigators say tenant garage below collapsed Florida condo tower had many faulty support columns
(DBN)

Why more people are buying houses with their friends
(DBN)

How divorcees are keeping their 3% mortgage
(DBN)

Defunct mall gets new life and a new purpose, including a new amphitheater
(DBN)

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Municipalities:

How a government struggling with debt navigated towards a brighter future
(DBN)

10 years after lead poisoning, Flint residents still haven't been paid from $626.25M fund
(DBN)

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Oil/Gas:

Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record
(DBN)

Electric vehicle cost parity close by 2027 – report
(DBN)

Big Oil Faces a Flood of Climate Lawsuits
(DBN)

____________

Sports:

Timberwolves center appears to make money gesture at official after call, later suggests betting problem in NBA NBA’s Rudy Gobert fined $100,000 for suggesting refs were influenced by gambling
(DBN)

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Education:

Bans on diversity, equity and inclusion may halt Latino progress in higher education
(DBN)

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Tech:

Sam Altman rejoins OpenAI board of directors as investigation into his ouster comes to a close
(DBN)

Republicans plan vote on TikTok ban, defying Trump President Says He'll Sign Wait, is America actually banning TikTok now? Kellyanne Conway advocating for TikTok on Capitol Hill Inside Trump's TikTok flip-flop Steve Bannon Suggests Donald Trump Has Been Bought Some lawmakers undecided on their support for bill targeting TikTok TikTok Crackdown Shifts Into Overdrive, With Sale or Shutdown on Table - WSJ FactCheck: President Joe Biden “bans TikTok for government employees but creates an account for his own campaign.”
(DBN)

It's pretty clear: Elon Musk's play for OpenAI was a desperate bid to save Tesla
(DBN)

US Unprepared for AI's Influence on Election
(DBN)

FL: Kids Make Nude Deepfakes of Classmates
(DBN)

Proliferating 'news' sites spew AI-generated fake stories
(DBN)

Don’t believe what you see in the age of AI ads
(DBN)

____________

Climate:

Toyota is hitting the gas on hybrids as EV sales cool. But what does that mean for the planet?
(DBN)

What Biden's State of the Union revealed about his climate plans
(DBN)

Why an influential green group sued its ex-scientist
(DBN)

Gary Gensler Caves On Climate
(DBN)

____________

Autos:

Rivian Pauses Construction at Georgia Factory
(DBN)

A Vote for Safer Streets from the Heart of Car Culture
(DBN)

____________

Utilities:

TX: Utility Rules Didn't Stop Panhandle Fires
(DBN)

Xcel Texas wildfire legal reckoning to last for years
(DBN)

____________

Food/Beverage:

How Raw Milk Went from a Whole Foods Staple to a Conservative Signal
(DBN)

Surge Pricing Is Coming to More Menus Near You - WSJ
(DBN)

____________

Banking:

SVB's collapse was a boon for these new kids on the block
(DBN)

One Year After Bank Crisis, a Struggle Over What Needs to Change A year later, what are the lessons from Silicon Valley Bank’s epic collapse?
(DBN)

The domino effect of silicon valley Bank's bankruptcy and the role of FED's monetary policy
(DBN)

Another domino falls in banking crisis
(DBN)

____________

Religion:

Biden, Trump platforms both clash with Catholic Church. So who will Catholic Latinos turn to?
(DBN)

____________

Healthcare:

Hospital executives look for state help, coordination as system approaches breaking point
(DBN)

Investors got rich looting needy hospitals. Patients paid the price.
(DBN)

Brazil’s staggering dengue fever crisis is a warning to the world
(DBN)

Trump’s vaccine rhetoric sends chills through public health circles
(DBN)

March 8th COVID Update: Weekly Deaths Decreased
(DBN)

The Oppenheimer story that won't win Oscars
(DBN)

____________

Diamonds:

Will the mined diamonds industry collapse due to lab-grown gems? Some say it ‘already has’
(DBN)

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Crypto:

$37M fine ordered for Gemini Earn losses
(DBN)

Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors
(DBN)

Blockfi’s Zac Prince Opens up About Bankruptcy and New Role
(DBN)

Bitcoin Tops $71,000 for the First Time as Rally Builds Steam
(DBN)

Bitcoin miners are devouring energy at a record pace during the cryptocurrency runup
(DBN)

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Nursing Homes:

This ain’t no tunnel of love
(DBN)

____________

Distressed Investing:

Man. That Ain't Rite(Aid)
(DBN)

State of Distressed Debt, March 2024
(DBN)

____________

Celebs:

Justin Theroux’s neighbor declares bankruptcy after eviction order, $600K legal fees
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (29 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Bankruptcy plan to avoid asbestos lawsuits approved despite company's massive value
(DBN)

Bankruptcy by Another Name
(DBN)

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D&O:

PLUS D&O Symposium Follow-Up and Other Notes
(DBN)

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Aviation:

Spirit Airlines’ Fate May Lie in Untested Deal With Debtholders
(DBN)

Mexico-bound plane lands in L.A. in 4th emergency this week for United Airlines United Jet Slides Off Runway in Houston
(DBN)

Justice Department investigating door plug blowout on Alaska Airlines flight, report says Alaska Airlines flight carrying pets arrives with cargo door open as carrier and Boeing face $1B lawsuit
(DBN)

Racking up frequent flyer miles has turned into a competition that has couples saying 'game on'
(DBN)

The captain and copilot of an A320 fell asleep for 28 minutes during a flight to Jakarta, report says
(DBN)

At least 50 people injured by ‘strong movement' on plane traveling from Australia to New Zealand
(DBN)

____________

Social Media:

SCOTUS is hearing 2 cases about political censorship on social media that could change how the internet works forever
(DBN)

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Retailing:

The Body Shop files for bankruptcy in the US and Canada The Body Shop is closing down all US operations after filing for bankruptcy The Body Shop filed for bankruptcy, but you can still shop on Amazon
(DBN)

In new bankruptcy plan, Tattered Cover bookstore considers whether to keep its four locations
(DBN)

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Maritime:

Company offering boat tours of Niagara Falls struggles under $1.2B debt, bankruptcy protection
(DBN)

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Rail:

AAR: Rail Traffic Recovered in February
(DBN)

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Sovereigns:

Ghana finalizing an external debt restructuring deal in half-year 2024 Why are we taking on more loans when we are already heavily indebted and bankrupt?
(DBN)

Zambia’s Bondholders to Soon Get Comparability Question Answered
(DBN)

Default Risk Fades in Emerging Markets as Riskiest Bonds Soar
(DBN)

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UK:

Labour will not bail out bankrupt councils, Rachel Reeves says Marching Nottingham protesters demand end to 'beyond belief' city council cuts Councillors warn of ‘threat to local democracy’ in England after budget cuts forced on Nottingham Man who bought private jet with bankrupt Thurrock Council money is sued for fraud Nearly 900 SEND children left without school transport amid Birmingham council cuts
(DBN)

Universities plan mergers in face of bankruptcy threat and rising costs
(DBN)

Companies run by women are less likely to go insolvent than those run by men
(DBN)

Insolvency Service secures bankruptcy restrictions as part of ongoing work to tackle Covid loan misconduct
(DBN)

Corrie's Bill Roache given three months to clear debt as he attempts to sell home to avoid second bankruptcy
(DBN)

Pro-Palestinian protests ‘making London no-go zone for Jews’
(DBN)

____________

EU:

ECB’s Kazimir Favors June Cut as Inflation Retreat Still Fragile
(DBN)

Trump’s MAGA movement isn’t just winning bigly in America
(DBN)

____________

Canada:

BC Court of Appeal adjourns leave to appeal arbitral award in bankruptcy dispute
(DBN)

Insolvencies to stay higher in 2024 as economy normalizes from pandemic lows: experts
(DBN)

____________

Russia:

U.S. warns of imminent Moscow attack by 'extremists,' urges citizens to avoid crowds
(DBN)

As a fifth term for Putin looms, Russia is stepping up its war on its own people
(DBN)

US prepared for the 'unthinkable' in Ukraine
(DBN)

Soldiers and civilians fear what’s next as Russia gains momentum
(DBN)

Russia Has Lost 424,060 Troops in Ukraine
(DBN)

Heading platoons, repairing machines and doing twice as much: How the war has changed the lives of Ukrainian women
(DBN)

Pope says Ukraine should have ‘courage of the white flag’ and negotiate with Russia Pope Francis’ ‘white flag’ comment is met by criticism from Ukraine and allies Zelenskyy dismisses Pope Francis's call for Ukraine to negotiate peace with Russia
(DBN)

Navalny told his lawyer he thought he was being poisoned in prison months before his sudden death
(DBN)

Bond Investors Are Lining Up to Fund the War Against Putin
(DBN)

Russia Appoints Broker for Frozen-Assets Swap With Foreigners
(DBN)

____________

MENA:

Hamas Sees Biden's Gaza Aid Plan as 'Positive Step' Hostage talks intensify as fears rise of violence during Ramadan Israel-Hamas deal elusive ahead of Ramadan as pressures grow
(DBN)

Biden marks start of Ramadan by recognizing ‘moment of immense pain’ for Muslims
(DBN)

At least 5 killed after airdropped aid falls on them in Gaza
(DBN)

Israeli protesters block Gaza aid trucks and hold dance parties on border
(DBN)

A U.S. ship with equipment for building a pier is on its way to Gaza as part of a plan to ramp up aid
(DBN)

Biden warns of 'red line' for Israel over Rafah Biden's "red line" on Gaza: "Can’t have another 30,000 Palestinians dead" Biden breaks with Netanyahu but sticks with Israel Netanyahu rejects Biden criticism he’s ‘hurting Israel,’ says policies have most Israelis' support Biden on hot mic: Told Bibi we needed "come to Jesus" meeting on Gaza
(DBN)

Saudi King Calls For End To 'Heinous Crimes' In Gaza In Ramadan Message
(DBN)

Sanders: U.S. putting conditions on aid for Israel would be "the right thing to do"
(DBN)

Mass exodus threatened by chief rabbi if haredim are forced into military service
(DBN)

US Forces Shoot Down 2 Dozen Houthi Drones The Houthis are schooling us in asymmetric warfare The Houthis have the world’s attention — and they won’t give it up
(DBN)

Sanders: ‘No more money to Netanyahu's war machine’
(DBN)

____________

India:

Mediation, the future of insolvency resolution?
(DBN)

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Australia:

Australian farmers rip out millions of vines amid wine glut
(DBN)

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Nigeria:

Mass kidnappings of Nigerian students leave parents in shock and despair
(DBN)

____________

Haiti:

Haitians Are Being Shot Dead in the Streets US Embassy in Haiti begins evacuations amid heightened gang violence US 'could deploy elite Marine squad' to fight Haiti gangs as country descends into chaos Gangs attack police stations in Haiti as Caribbean leaders call an emergency meeting Monday How Haiti's Gangs Grew Into 'Frankenstein' Monsters
(DBN)

____________

Honduras:

Honduras President Guilty of Aiding Drug Cartel
(DBN)

____________

Mexico:

Soldiers and civilians are dying as Mexican cartels embrace a terrifying new weapon: Land mines
(DBN)

____________

China:

Beijing says property developers in deep trouble must go bankrupt
(DBN)

Beijing widens support to tackle debts
(DBN)

Banks Balk at China Vanke Loan Terms in Hurdle for State Support
(DBN)

____________

Germany:

German EV manufacturer e.Go slips into insolvency – again
(DBN)

____________

Singapore:

Why are more people in Singapore going bankrupt?
(DBN)

____________

Sweden:

Oscar Properties' shares soar as bankruptcy petition withdrawn
(DBN)

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