March 19, 2024

The Daily Bankruptcy News

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Law:

BigLaw firm confirms employee layoffs for second time in a year Second Set Of Layoffs Strike Am Law 100 Biglaw Firm
(DBN)

In A Year Marked By Associate Deferrals, Top 50 Biglaw Firm Hits Record Revenue
(DBN)

Which law schools will top the US News rankings? Here are three predictions
(DBN)

Barnes & Thornburg Welcomes Experienced Bankruptcy Group Led By Partners Frank DeBorde And Lisa Wolgast
(DBN)

Biglaw Associate's Ex-Boyfriend Sentenced For Trading On Insider Info Obtained While She Was Working From Home
(DBN)

Federal Court Suspends Florida Attorney Over Filing Fabricated Cases Hallucinated by AI
(DBN)

Lawyer disbarred for filing documents while suspended for firing employees to save his marriage
(DBN)

This state is creating a way to skip the bar exam and making it easier to pass for those who take it Washington's Supreme Court Green-Lights Three Ways To Skip The Bar Exam
(DBN)

Revamped bar exam gains traction as three more states sign on
(DBN)

The Law School On *Both* Sides Of The Supreme Court
(DBN)

KPMG Looks to Beat Big Law at AI by Leveraging Size and Capital
(DBN)

Supreme Court rejects appeal by former New Mexico county commissioner banned for Jan. 6 insurrection Supreme Court lets ‘insurrectionist’ ban against New Mexico official stand
(DBN)

Trump, in 5,000-page NY fraud case filing, says he can't foot $464M appeal bond Trump fails to secure bond for $454M judgment in civil fraud case as asset seizures loom Nobody Wants To Let Trump Hold Half A Billion Dollars To Bond Out Of Civil Fraud Judgment Trump faces having New York property seized after failing to pay $454m in fraud case Trump lawyers: Securing full $454 million bond ‘practical impossibility’ in NY fraud case Full List of Companies that Denied Trump a Bond 'N.Y. state padlock on Trump Tower': Expert says Trump is at 'next-to-last step' from ruin Trump flagged as 'massive security risk' after he's unable to post bond in fraud judgment CNN Legal Analyst Paints Nightmare Scenario for Trump If He Doesn’t Post Bond: ‘Letitia James Seizes His Property, Puts Liens on All of His Assets, Bank Accounts…’ What will happen if Trump can’t post $454M bond in his civil fraud case by Monday's deadline?
(DBN)

Trump loses bid to block Michael Cohen, Stormy Daniels testimony at hush money trial
(DBN)

Donald Trump Renews Fight to Remove Fani Willis From Case ‘Utmost importance’: Trump demands RICO judge allow immediate appeal of decision keeping Fani Willis on case
(DBN)

MAGA attorney arrested after hearing in DC over leaking Dominion documents
(DBN)

Special counsel responds to 'meritless' pro-Trump arguments from former Reagan AG
(DBN)

70 percent in new poll reject Trump presidential immunity claim
(DBN)

'We need your help!' Mike Lindell panics as he realizes Supreme Court case is 'long shot'
(DBN)

Supreme Court rejects Jan. 6 rioter's argument that just worked for Trump Social media influencer charged in Capitol riot: 'According to the constitution it’s our house'
(DBN)

Trump is making the Jan. 6 attack a cornerstone of his bid for the White House
(DBN)

If Peter Navarro goes to prison, he’ll hear the lions roar Navarro's bid to stave off jail sentence denied at Supreme Court
(DBN)

Trump asks if Cassidy Hutchinson will be prosecuted over limo testimony
(DBN)

Trump doubles down on call for Liz Cheney to be prosecuted Liz Cheney fires back at Trump on Jan. 6: ‘Lying in all caps doesn’t make it true’
(DBN)

The Good, Bad and Ugly in a New Poll on Trump’s Trials and the Supreme Court
(DBN)

Gun restrictions on defendants awaiting trial are constitutional, U.S. appeals court rules
(DBN)

Florida Chabad synagogue and community center set aflame in arson
(DBN)

Michigan school shooter’s father threatened to destroy the prosecutor in case against him, sources confirm After convictions of Michigan school shooter's parents, victims' families seek school accountability
(DBN)

DNA Tests Are Uncovering the True Prevalence of Incest
(DBN)

Ohio mother who left toddler alone when she went on vacation is sentenced in child’s murder
(DBN)

Father took son to hospital, only to shoot him once he was in bed: Deputies
(DBN)

Wife who set fire to husband and watched him burn before calling 911 convicted of murder
(DBN)

Man gets 2 life terms in prison in mistaken murder of mother of 2
(DBN)

6 former Mississippi law officers to be sentenced for torture of 2 Black men
(DBN)

Married nurse sneaked abortion pills into girlfriend during intercourse, deputies say
(DBN)

Second man charged in connection with 2005 theft of ruby slippers worn in ‘The Wizard of Oz’
(DBN)

Supreme Court extends block on Texas law that would allow police to arrest migrants Arizona county faces 'homelessness on steroids' as migrant shelter funds run out SCOTUS Keeps Handing TX Gov Abbott Legal Losses Chicago begins evicting migrants from shelters as residents decry a 'lack of respect'
(DBN)

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Judges:

U.S. courts clarify policy limiting ‘judge shopping’
(DBN)

Judiciary Adopts New Financial Disclosure Rules for Free Trips
(DBN)

John Oliver says Clarence Thomas has less than 48 hours to take his $1-million-a-year deal and get off the SCOTUS bench
(DBN)

Kavanaugh Comes to Biden's Defense
(DBN)

Justice Breyer, Off the Bench, Sounds an Alarm Over the Supreme Court’s Direction
(DBN)

RBG Award gala to honor likes of Musk, Murdoch canceled after late justice’s family objects
(DBN)

Sonia Sotomayor Should Retire Now
(DBN)

Supreme Court appears wary of limiting feds’ interactions with social media companies
(DBN)

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Wall Street:

Stock futures slip as investors digest news from Nvidia’s AI conference
(DBN)

The average bonus on Wall Street last year was $176,500. That’s down slightly from 2022
(DBN)

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Climate:

New tool takes the globe's "pulse" as temperatures rise
(DBN)

Rio De Janeiro Hits 144.4 Degrees F
(DBN)

CATL, the little-known Chinese battery maker that has the US worried
(DBN)

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Fraud:

Silicon Valley's next great fraud trial begins
(DBN)

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Economy:

The Fed may not cut interest rates just yet. Here’s what that means for your money
(DBN)

Border-funding battle snags budget talks in Congress with shutdown days away Tentative Deal Reached to Avoid Gov't Shutdown
(DBN)

Trump wants more tariffs. His earlier trade wars cost Americans $230 billion to date
(DBN)

The Global Elite Just Gathered at a Secretive Mini Davos
(DBN)

Bank of Japan ends the world’s only negative rates regime in a historic move
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Once America’s Hottest Housing Market, Austin Is Running in Reverse
(DBN)

2 reasons why the South will stay the hottest housing market in the US
(DBN)

Biden starts making his affordable housing pitch on the trail
(DBN)

Biden to target ‘rent gouging’ landlords, as high housing costs factor into 2024 race
(DBN)

How the big real estate settlement will change homebuying and selling The way Americans buy and sell homes is about to get turned on its head
(DBN)

The End of the Super Broker Era in Commercial Real Estate
(DBN)

The era of the AI home broker approaches
(DBN)

Homebuilder sentiment turns positive for the first time since July
(DBN)

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Municipalities:

The 7 Wealthiest Cities In The U.S.
(DBN)

Battered by hurricanes and tired of rebuilding, 90% of population has left this coastal town
(DBN)

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Oil/Gas:

Saudi Aramco CEO: Energy transition is failing, world should abandon ‘fantasy’ of phasing out oil
(DBN)

Oversight Republicans request White House communications on LNG pause
(DBN)

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Politics:

Biden-Trump rematch dread verges on denial for some voters
(DBN)

Musk may endorse a 2024 candidate "in final stretch," he tells Don Lemon
(DBN)

Trump gets burned after touching on Social Security
(DBN)

Key witness declines to testify at Biden impeachment inquiry hearing
(DBN)

Trump Threatens California if He's Reelected
(DBN)

Elon Musk says Trump ‘came by’ while he was eating breakfast, did not ask for money
(DBN)

Trump eyeing Paul Manafort for 2024 campaign role, Washington Post reports
(DBN)

Pence and Cassidy draw a line at calling Jan. 6 rioters ‘hostages’ 'Like a dagger': Former Capitol Police officer testifies on Trump's 'hostages' claim
(DBN)

Pro-Trump disruptions in Arizona county elevate fears for the 2024 vote
(DBN)

In Wisconsin, a vote for Biden or Trump could come down to grocery prices
(DBN)

Mike Johnson's Problems Are About to Get Even Worse
(DBN)

MAGA Reps Suddenly Face an Existential Threat: Themselves
(DBN)

Katie Britt's Fiasco Keeps Getting Worse
(DBN)

Wisconsin voters to decide on banning private money to help fund elections
(DBN)

7 battlegrounds that will decide who wins the presidency
(DBN)

White House Pounces on Trump for ‘Unhinged Antisemitic Rhetoric’ After He Says ‘Any Jewish Person That Votes for Democrats Hates Their Religion’ Jewish Lawmakers Rage at Trump's Comments
(DBN)

Trump hints he could deport Prince Harry from the US if he wins election and says the Duke won't get 'special privileges' if he lied on his visa about doing cocaine, weed and mushrooms
(DBN)

Behind Trump’s campaign cash crunch: Small-dollar donor fatigue, major donor hesitation
(DBN)

Potential 2024 candidates keep telling it no. But No Labels is pressing forward.
(DBN)

RFK Jr Replaces Aaron Rodgers With Lawyer And Legal Tech Entrepreneur In Veepstakes
(DBN)

Warning to MAGA enthusiasts - you could be broke six months after inauguration: John Blumenthal
(DBN)

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Celebs:

Rebecca Grossman is accused of conspiring with her husband and daughter in jailhouse calls to 'hunt down jurors, sway the judge and demand her retired MLB star ex say that HE killed two brothers in horrific hit-and-run crash'
(DBN)

Katie Price reacts to her second bankruptcy over unpaid tax as she insists she isn't 'getting away' with it and does pay bills while saying she's 'dealing with serious stuff'
(DBN)

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Banking:

Banks are in limbo without a crucial lifeline. Here's where cracks may appear next
(DBN)

YC-backed digital bank Onyx Private tells customers it’s closing their accounts
(DBN)

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Healthcare:

Despite financial struggles,Petersen Health Care says it's 'not going out of business'
(DBN)

A new kind of hospital is coming to rural America. To qualify, facilities must close their beds
(DBN)

Senate GOP won’t ‘walk the plank’ for Trump on ACA repeal
(DBN)

DOJ: Jim Biden associate conspired with alleged mafia boss to defraud Medicare
(DBN)

Medication abortions rose in year after Dobbs decision, report finds
(DBN)

CDC issues alert over rising measles cases in the U.S.
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

EPA bans import and use of last form of asbestos in U.S. EPA bans asbestos, a deadly carcinogen still in use decades after a partial ban was enacted
(DBN)

Bankruptcy Court Approves Camden Diocese’s $87.5M Plan for Abuse Victims
(DBN)

Live: Supreme Court hears arguments over insurer’s rights in asbestos bankruptcy plan
(DBN)

Catholic Diocese of Sacramento sets date for planned bankruptcy protection filing
(DBN)

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Aviation:

United Airlines CEO tries to reassure customers after string of flight problems
(DBN)

Bankrupt airline Go First's bidder ups bid following nudge from banks
(DBN)

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Autos:

EV startup Fisker to raise up to $150 million, pauses production
(DBN)

Tesla’s Troubles Raise Questions About Its Invincibility
(DBN)

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Crypto:

FTX Users Describe 'Emotional Toll' From Bankruptcy in Letters to Judge Ahead of Sam Bankman-Fried's Sentencing
(DBN)

Inside NYC’s bullish crypto party scene, after Bitcoin hit new all-time $70K high
(DBN)

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Media:

How American news lost its nerve
(DBN)

On Fox News, Steve Doocy has become the unexpected voice of dissent
(DBN)

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Retailing:

Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies Joann approves $400K CFO retention bonus amid bankruptcy speculation
(DBN)

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Religion:

The first outside legal analyses of Vatican’s ‘trial of the century’ are in, and they’re critical
(DBN)

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Tech:

AI will ‘destroy employment in some areas,’ top US economist says
(DBN)

Supreme Court seems favorable to Biden administration over efforts to combat social media posts Challenge to Biden hectoring of social media firms appears doomed at Supreme Court
(DBN)

Don Lemon interrogates Elon Musk on depression, his 'prescription' ketamine use and Trump in interview that got him fired from X
(DBN)

Judge rules Reddit and YouTube must face lawsuits claiming they enabled Buffalo grocery mass shooter
(DBN)

Federal judge allows major lawsuit over Apple AirTags to move forward
(DBN)

US DOJ to target pre-IPO artificial intelligence frauds, top attorney says
(DBN)

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Labor:

UAW wants vote to unionize Volkswagen plant in Tennessee
(DBN)

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UK:

Katie Price declared bankrupt for second time
(DBN)

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MENA:

Biden and Netanyahu hold first call in a month amid public split Major Rafah operation would be ‘mistake,’ Biden told Netanyahu
(DBN)

Trump: Jews who vote for Democrats ‘hate Israel’
(DBN)

Israel to send officials to Washington to hear US concerns on Rafah operation
(DBN)

Famine is imminent in Gaza, report says
(DBN)

US Navy aircraft carrier faces relentless battle against Houthi attacks
(DBN)

Dennis Ross Has Tough Words for Both Sides of the Israel-Hamas War
(DBN)

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Haiti:

Gangs unleash new attacks on upscale areas in Haiti’s capital, with at least a dozen killed nearby Nearly 1,000 Americans in Haiti plea for help, State Dept. says, as gangs unleash new attacks Gang-ravaged Haiti 'is real-life Mad Max' on the brink of complete collapse Machete-wielding militias battle gangs in Port-au-Prince as Haiti’s elites vie for power First charter flight with US citizens fleeing Haiti arrives in Miami
(DBN)

____________

Germany:

Germany’s Nazi past comes back to haunt it, as far-right AfD surges in polls
(DBN)

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Russia:

Johnson’s Plan B for Ukraine leaves questions unanswered
(DBN)

Putin Agreed to Swap Navalny for Other Prisoners
(DBN)

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China:

Biggest fraud in Chinese history? Beijing accuses Evergrande of inflating revenues by $78 billion
(DBN)

China property’s Enron damp squib may yet surprise
(DBN)

China's stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman
(DBN)

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Netherlands:

The Netherlands: The World's Global Legal Battlefield
(DBN)

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