March 21, 2024

The Daily Bankruptcy News

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Law:

A Biglaw Firm's Success Doesn't Necessarily Negate Layoffs
(DBN)

Biglaw Firms Now Offering Rainmaker Partners Forgivable Loans To Prevent Them From Leaving
(DBN)

Lawyer defending ex-CEO of Overstock arrested after she is no-show on voting-machine-possession charge
(DBN)

U.S. News Law School Rankings Expected Soon, But Will The Methodology Change?
(DBN)

Entitled Law School Hopeful With 150 LSAT Blames Imaginary Black Person For His Rejection Letters. Deletes Twitter Account In Shame.
(DBN)

What are 'reasonable measures' to prevent law firm conflicts? New ABA ethics opinion explores
(DBN)

Citing racist email remarks by supervisors, lawyer sues Lewis Brisbois for alleged racial and disability bias Lewis Brisbois Hit With Bias Suit by Black Former Partner
(DBN)

Baker McKenzie partner sues IRS for documents on partnership audit strategies
(DBN)

Embarrassing but Important Correction
(DBN)

Daily Show Correspondent Joins Law Firm Because That's Obviously The Logical Next Step
(DBN)

Judge declines to sanction Michael Cohen, lawyer over AI-generated fake case citations Judge hands Trump 'pure gold' by attacking key witness in hush money case: analysis
(DBN)

Judge allows Trump and co-defendants to appeal order letting Fani Willis continue on 2020 election case
(DBN)

A Trump Bankruptcy? Trump is having trouble getting cash for his bond. And he's growing frustrated. Ex-Trump Aide Says He'd Respond To Bankruptcy In 1 Whining Way: 'I Can Hear It Now' Bankruptcy is one way out of Trump’s financial jam. He doesn’t want to take it. Ex-Prosecutor Stunned By Trump's New Legal Claim: 'Doesn't Make Any Sense At All' Donald Trump may not pay bond — and instead let Letitia James seize Trump Tower: insiders Real estate CEO says Trump could sell Mar-a-Lago ‘quickly’ to secure $464 million bond Selloffs, seized assets and bankruptcy: Trump options narrow as bond deadline approaches End of Trump's empire? 'Embarrassed' Donald 'could file for bankruptcy' to pay $464 million fraud case Key questions as Trump hurtles toward deadline to pay $454 million fraud penalty
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Trump demands multiple Jan. 6 lawsuits against him be halted until after Jack Smith trial Trump begs to pause Jan. 6 lawsuits as immunity fight ramps up
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Are Trump’s Legal Fees Tax Deductible?
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NY attorney general says appeals court should disregard Trump’s claim it’s impossible to get a bond
(DBN)

Shouting, accusations, a mask: GOP’s Hunter Biden hearing erupts into bickering Parnas calls out GOP rep at hearing for ‘doing the bidding’ of Russia Parnas: Lies About Biden Spread by Kremlin Ocasio-Cortez demands GOP specify actual crimes in Biden impeachment inquiry Lev Parnas testifies Trump 'encouraged' Rudy Giuliani to find dirt on Biden in Ukraine Lev Parnas: Rudy Giuliani and I knowingly spread Russian disinformation GOP to seek Joe Biden's testimony in impeachment inquiry
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Cohen: Navarro ‘has no idea what he’s in store for’
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'Perverse': Judge scathingly uses Trump civil fraud trial testimony against Michael Cohen
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'Kraken' lawyer allowed to drive home after arrest, ordered to stop leaking Dominion docs
(DBN)

Jan. 6 rioter sentencing delayed as video of alleged separate assault surfaces: Report
(DBN)

Longtime Trump employee: Mar-a-Lago culture would have led many to commit crimes
(DBN)

Julian Assange, Justice Department Exploring Guilty Plea to End 14-Year Legal Drama
(DBN)

Baby died at home alone while mom was away on vacation for 10 days. Investigators fought back tears at the sentencing
(DBN)

Man 'covered in blood' from killing wife told family he 'needed help cleaning up': Cops
(DBN)

‘I deeply regret all the pain’: Third of 6 Mississippi ex-officers sentenced to prison for the torture of 2 Black men
(DBN)

Texas urges appeals court to reinstate immigration law after Supreme Court ruling Appeals court seems skeptical of Texas' argument for immigration law Flurry of Rulings on Immigration Law Are Causing Confusion in Texas Florida vows to send Haitian migrants to Martha's Vineyard and deploys more soldiers to barricade the coastline Democratic cities that welcomed migrants are starting to roll back aid Mexico Draws a Red Line with Greg Abbott Sotomayor Slams SCOUTS Over Texas Law Texas officials feel ‘whiplash’ after courts halt immigration law
(DBN)

She made an artwork that excluded men. A man sued for discrimination.
(DBN)

Julian Assange, Justice Department Exploring Guilty Plea to End 14-Year Legal Drama
(DBN)

Mystery among the vines: Why is the FBI probing some of Napa Valley's fanciest wineries?
(DBN)

FBI resumes outreach to social media companies over foreign propaganda
(DBN)

‘It makes me sick’: Mother killed in crosswalk by officer speeding to call with no lights or sirens, lawsuit says
(DBN)

Parents of boy bank robbers dubbed as 'little rascals' turned them in, HCSO says
(DBN)

Filming your front porch without a warrant is now fair game for the feds
(DBN)

High school math teacher shockingly shot to death at home by 14-year-old daughter: Sheriff
(DBN)

Pastor paid $40K to hit men in murder-for-hire plot to kill daughter's boyfriend: Cops
(DBN)

Idaho inmate escapes after planned breakout from hospital, 2 officers shot in 'brazen' ambush
(DBN)

James Patterson dishes on his new legal thriller, ‘The #1 Lawyer’
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Judges:

Judge Approves $125 Million Settlement in PACER Fees Lawsuit
(DBN)

The New Judge Shopping Fix Has Two Huge Loopholes
(DBN)

Senators push to bolster security for state and local judges
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‘Very, very troubling’: Judges, lawyers flummoxed by Judge Cannon
(DBN)

Why Are Some Judges So Mean?
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President Biden Names Forty-Seventh Round of Judicial Nominees and Announces One New Nominee to Serve as U.S. Marshal
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Wall Street:

 

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Layoffs:

Daily Mail journalists brace for job cuts
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Crypto:

Celsius Seeks $2 Billion Withdrawn Before Bankruptcy
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Tech:

Radicalized by the right: Elon Musk puts his conspiratorial thinking on display for the world to see
(DBN)

Mother speaks out after daughter was targeted for 'mock slave auction'
(DBN)

Biden to announce $20 billion in funding for Intel chip factories
(DBN)

Glassdoor meltdown as users urged to flee site after posters’ real names added without permission
(DBN)

It could be months before the Senate takes up a TikTok bill, despite warnings about China
(DBN)

Justice Department to Sue Apple for Antitrust Violations as Soon as Thursday
(DBN)

Popular Websites Share Your Data w/ Thousands
(DBN)

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Fraud:

AI-fueled scams target tax refunds
(DBN)

In a fraudster's fake crime articles, readers became the victims
(DBN)

Florida special needs trust fund loses $100 million as 1,500 accounts for families of disabled children are drained
(DBN)

American woman who posed as heiress faces extradition to Northern Ireland on fraud charges
(DBN)

S. Africa regulator fines former Steinhoff CEO for accounting fraud
(DBN)

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Economy:

FOMC Statement: No Change to Policy Federal Reserve holds interest rates steady, still projects cuts ahead 5 things to know about the Fed’s March rate decision Fed forecasts rate cuts this year but sees economic strength Federal Reserve holds key interest rate at more than 5% as inflation battle drags on Federal Reserve still foresees 3 rate cuts this year but envisions fewer cuts in future
(DBN)

Gold Jumps Above $2,200 an Ounce for First Time on Dovish Powell
(DBN)

The U.S. Federal Reserve has been ‘very frequently’ wrong, former Fed governor says
(DBN)

Here’s how an immigration surge hurts — and helps — the US economy
(DBN)

Fed holds off on rate cuts after hot jobs, inflation data
(DBN)

Here's what raises will be like this year, per a new survey
(DBN)

GOP spending hawks bash Speaker Johnson’s minibus Rand Paul vows to hold up $1T ‘minibus’ that must pass by Friday How the threat of a government shutdown became normalized Congressional leaders unveil $1.2T funding deal ahead of shutdown threat
(DBN)

The U.S. is no longer one of the 20 happiest countries. If you're young, you probably know why.
(DBN)

Republicans Call for Retirement Age Hike in Clash With Biden House conservatives float changes to Social Security in budget proposal
(DBN)

Global fertility rate to keep plummeting, major study warns
(DBN)

Alabama Law Ends Diversity Programs
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

AIA: "Moderation in the Slowdown in Business Conditions at Architecture Firms"; Multi-family Billings Decline for 19th Consecutive Month
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

Rental housing market targeted in criminal price-fixing probe
(DBN)

Suspected squatter in $1M NYC home is subletting space in bizarre twist, conned co-resident says
(DBN)

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Oil/Gas:

Chevron agrees to pay over $13M in penalties for California oil spills
(DBN)

Drill, Baby, Drill: US Remains Dominant Global Leader In Oil Production Under Biden, Output Still Increasing
(DBN)

As electric vehicle sales slow, US relaxes plans for stricter auto emissions standards for a while
(DBN)

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Climate:

White House rolls out new tailpipe rules that boost EVs and hybrids Biden administration announces climate rules to phase out gas cars and make sure majority of vehicles sold by 2032 are electric or hybrid 'This will be something that people see and feel’: What to expect from Biden's clean car push
(DBN)

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

The next big climate deadline is for meat and dairy
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Pharma:

Children born with this disorder typically die before they turn 7. A new life-saving drug is the most expensive in the world
(DBN)

Drugmakers give surprising response to Medicare drug price offers
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Labor:

There's a big wealth gap between union and nonunion workers
(DBN)

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Healthcare:

Petersen Health Care Files Voluntary Petition for Relief Under Chapter 11
(DBN)

Why abortion in the US is on the rise
(DBN)

Nearly 8 in 10 AAPI adults in the US think abortion should be legal, an AP-NORC poll finds
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Retailing:

US FCC investigating Amazon over alleged sale of outlawed products
(DBN)

NY’s $4.4B shoplifting shadow economy revealed — fueled by vast internet black market to sell the spoils
(DBN)

Best Buy says it will close 10 to 15 stores in 2024
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Student Debt:

Millions of seniors behind on student loans risk losing Social Security, lawmakers warn Biden
(DBN)

Biden cancels nearly $6 billion in student debt for 78K public service workers
(DBN)

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Crypto:

FTX Probe to Test Whether Law Giant is Tainted by Conflicts
(DBN)

FTX customers don't want a refund, they want their crypto back
(DBN)

FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
(DBN)

FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
(DBN)

Can Terra-Luna victims seek compensation?
(DBN)

Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’
(DBN)

Grinning failed crypto hedge fund owner Kyle Davies shows no remorse after losing $3.5B in investor cash: ‘Every company goes bankrupt’
(DBN)

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Agribusiness:

Why are tractors blocking highways from Paris to New Delhi?
(DBN)

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Insurance:

Hannover Re, Vesttoo creditors seek approval for longevity swap
(DBN)

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Apparel:

Why Renewcell failed
(DBN)

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Fitness:

Planet Fitness Faces Boycott Calls from Outraged Conservatives
(DBN)

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Autos:

Mitch McConnell’s billionaire sister-in-law Angela Chao was drunk when she backed Tesla into pond and died: police
(DBN)

Trump amps up attacks on electric vehicles, a major Biden priority
(DBN)

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Water:

Taps have run dry across South Africa’s largest city in an unprecedented water crisis
(DBN)

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Education:

Gov. Greg Abbott says Texas is two House votes away from passing school vouchers
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (160 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (11 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Many High-Debt Consumers Are Filing for Bankruptcy
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Means Testing:

BK ED NY: Updated means test information for cases filed on and after April 1, 2024
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Mass Torts:

Justices appear sympathetic to insurance company in asbestos bankruptcy
(DBN)

Survivors of clergy sex abuse ask for time to speak in Archdiocese of Baltimore bankruptcy case Abuse victims hope to address bankruptcy court; archbishop will attend
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Bankruptcy Strategy:

How Alliance Politics Skews Corporate Debt Restructurings
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UST:

USTP Protects Vulnerable Consumer Debtors by Obtaining Injunctions and Monetary Relief Against Two Bankruptcy Petition Preparers
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Aviation:

Delta pilot jailed for being drunk with blood alcohol more than twice the legal limit before flight to NYC
(DBN)

Boeing’s In More Trouble Than You Think Boeing under microscope in Washington after high-profile accidents
(DBN)

FAA seeks to mandate inspections of Boeing Max planes for flaw that could cause ‘loss of control’
(DBN)

The best (and worst) airports for on-time departures
(DBN)

I’m a flight attendant — here’s the ‘secret’ behind black triangles in airplane cabins
(DBN)

Can South African Airways soar after sale falls through?
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Politics:

Donald Trump sparks health fears by 'dragging' right leg and 'gripping stair rail'
(DBN)

'Trying to nail Jello to a wall': On hot-button issues, Trump avoids straight answers
(DBN)

Milley responds to Trump execution comments: ‘It’s a free country’
(DBN)

Trump dominated Florida GOP primary, but didn’t beat his 2020 numbers
(DBN)

Melania Trump on future 2024 campaign trail appearances: "Stay tuned" Jimmy Fallon Decodes Melania Trump's 'Stay Tuned' Line
(DBN)

GOP hardliners push to cut off IVF expansion for veterans
(DBN)

Could Republicans blow it with bad candidates — again?
(DBN)

Trump eyes Sen. Marco Rubio as a potential VP pick
(DBN)

Leonard Leo, Koch networks pour millions into prep for potential second Trump administration
(DBN)

Trump just showed his endorsement power again. And his weaknesses.
(DBN)

U.S. steelworkers union backs Biden in reelection bid
(DBN)

House GOP weighs inviting Netanyahu to address Congress
(DBN)

EPA issues landmark rules to curb auto emissions, bolster EVs
(DBN)

Trump wins Arizona, but Haley takes nearly 20% of the GOP vote
(DBN)

Trump suggests 15-week abortion ban is "very reasonable"
(DBN)

Larry Hogan leads Democratic Senate hopefuls by double digits in Maryland
(DBN)

RFK Jr. restarting JFK's "Viva Kennedy!" Latino outreach
(DBN)

Jury finds former Milwaukee election official guilty of obtaining fake absentee ballots
(DBN)

Alabama lawmakers advance expansion of 'Don't Say Gay' law
(DBN)

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UK:

Prince Harry lawyers seek to drag Rupert Murdoch into UK court case
(DBN)

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EU:

ECB chief Lagarde lays out three-part test for rate cuts
(DBN)

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MENA:

‘That sounds like ethnic cleansing’: CNN questions lead figure in Israel’s settler movement
(DBN)

US will pitch Gaza-Egypt border security plan in lieu of Rafah offensive
(DBN)

Why Israel is so determined to launch an offensive in Rafah
(DBN)


Blinken: U.S. submitted draft resolution to UN calling for Gaza ceasefire
(DBN)

Schumer vs. Netanyahu: Senate leader's Israeli government critique keeps shaking the Hill Schumer declined Netanyahu request to speak to Dem Caucus Bibi hits back at Schumer in talk with GOP senators GOP goes on offense against Democrats on Israel
(DBN)

An overdue reset of US-Israeli relations is gaining steam
(DBN)

Houthi Cruise Missile Hits Israel in Ominous First
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China:

Liquidators Have The Final Say On Disclosure Of Information To Creditors
(DBN)

World on the brink as Taiwan admits US troops are now stationed on Chinese border
(DBN)

32 Chinese Warplanes Detected Around Taiwan: Taipei
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Haiti:

U.S. flying Americans out of troubled Haiti capital
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Russia:

Russian Military Hit by Mass Desertions
(DBN)

National security adviser Jake Sullivan meets with Zelenskyy as Ukraine aid stalls in Congress
(DBN)

Democrats open to loan strategy for Ukraine aid
(DBN)

Russia Warns United States: Use of SpaceX for Spying Makes Its Satellites a Target
(DBN)

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France:

The Body Shop files for suspension of payments in France
(DBN)

Macron’s government steps into antisemitism controversy at top French university
(DBN)

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India:

Bombay High Court Upholds NCLT’s Decision To Release ED Attached Properties After Nod To IBC Resolution Plan
(DBN)

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Cuba:

Cuba Races to Head Off Protests as Shortages Spread, Tensions Build
(DBN)

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Brazil:

Prosecutors charge Bolsonaro's son in money laundering probe...
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India:

Defunct SVB Group to sell Indian subsidiary to First Citizens Bancshares
(DBN)


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