March 22, 2024

The Daily Bankruptcy News

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Law:

Top Biglaw Firm Finally Announces Market Raises, But Not All Associates Will See Market Money
(DBN)

Big Law Takes Bigger Bet on Contingency Fee Practices
(DBN)

Boeing, Facebook Whistleblower Lawyers Announce New Firm
(DBN)

Biglaw Firm Takes On The IRS
(DBN)

A Light That Never Goes Out: Sheila Smith’s Incredible Impact on Restructuring and Beyond
(DBN)

At Morrison & Foerster, Reduced Overhead and Steady Demand Led to 19% Profitability Gain
(DBN)

Gibson Dunn revenue tops $3bn as PEP grows nearly 13.4%
(DBN)

Kirkland’s revenue tops $7bn as PEP nears $8m
(DBN)

What It Takes To Write A Top-Notch Legal Thriller
(DBN)

Should lawyers always practice ‘by the book’?
(DBN)

Ted Cruz The Victim Of Yet Another Sick Burn From Harvard Law Classmate
(DBN)

Fast Company’s List Of World’s 606 Most Innovative Companies Includes Four From Legal Tech
(DBN)

5 tips for law firms to incorporate DEI best practices in 2024
(DBN)

Law Firms Boost Diversity Defenses After Conservative Backlash
(DBN)

Lawyer who 'inflated' time sheets struck off
(DBN)

BCLP sacks dozens of staff
(DBN)

Lawyer sued for saying only women menstruate
(DBN)

A Trump Bankruptcy: Further Thoughts NY attorney general takes step toward seizing Trump assets Why Trump can’t escape his appellate bond dilemma How NY's Judge Engoron is tightening the leash on Trump ahead of looming Truth Social merger and fraud judgment deadline Trump might make billions from Truth Social just as he's most in need of cash Donald Trump may be about to get $3 billion richer. But that likely won’t solve his cash crunch Is Donald Trump’s Truth Social headed to Wall Street? It comes down to a Friday vote What may happen if Trump can't secure $464M bond in New York fraud case Trump begs MAGA supporters for help with $464M fraud bond: ‘Keep your filthy hands off Trump Tower!’ Which Donald Trump Asset Seizures Will Tick Him Off The Most: A Bracket Trump Is in a Race Against Time to Protect His Fortune - WSJ Trump needs a half billion dollars, and fast Trump and attorneys rage over NY AG's suggestions on how to satisfy civil fraud judgment Trump Owes $454 Million For Fraud, But Can He Actually Pay It? Stormy Daniels Could Be Forced to Help Pay Trump Bond Judge orders Trump company to tell financial watchdog about efforts to get appeal bonds
(DBN)

Alina Habba responds to claims Trump is seeking foreign legal funding
(DBN)

Jonathan Turley Says Judge Pauley Really Blasted Michael Cohen Yesterday, Except Judge Pauley's Been Dead For 3 Years
(DBN)

Prosecutors Accuse Trump, Counsel of 'Wholly Inventing Facts' to Delay Criminal Trial
(DBN)

Trump fundraising with Republican National Committee to benefit group paying legal fees
(DBN)

Manhattan DA tells judge not to further delay Trump trial: 'Enough is enough' Manhattan DA says no additional delay needed in Trump hush money criminal trial, blasts ‘grab-bag of meritless’ filings Manhattan DA sharply rejects Trump's allegations of discovery violations Trump is making 'wild' claims about late hush money documents, prosecutors say
(DBN)

Trump's Bid To Get DA Willis Booted Off GA RICO Case Is Back From The Dead
(DBN)

Trump leadership PAC spent $5.6M on legal expenses in February: FEC filing
(DBN)

I defended the Capitol from Trump’s mob. I know he’s an insurrectionist.
(DBN)

Imprisoned Proud Boys leader wants to join Trump's immunity fight to halt Jan. 6 lawsuits
(DBN)

Federal judge sentencing a Jan. 6 rioter worries Trump could spur another attack No stretch to imagine Trump making 'similar call' to violence in near future: Judge
(DBN)

Trump valet’s testimony reveals how Trump reacted to Jan. 6 insurrection
(DBN)

Garland: ‘Absurd’ to think he should’ve censored special counsel report on Biden
(DBN)

GOP-led panel sues DOJ tax attorneys in Hunter Biden investigation
(DBN)

Supreme Court revisits abortion debate in case over access to pregnancy-ending drug 'Why Christians — and Republicans — Should Reconsider the Premise that 'Life Begins at Conception' White House calls out House’s conservative caucus budget for ‘extreme’ abortion proposals
(DBN)

Angela Chao called a friend as her Tesla sank during a 'girls' weekend.' 2 friends went out into the pond to try to save her Angela Chao's blood-alcohol level was nearly 3 times the legal limit when she drowned in her Tesla, police report shows.
(DBN)

New details emerge about Colorado family that died trying to live off the grid
(DBN)

Over 100 migrants break through razor wire, knock down guards as they illegally cross El Paso border in wild scene Texas officials ask appeals court to allow state immigration crackdown US appeals court appears divided over Texas border enforcement law Mexico agrees with Venezuela to send back illegals
(DBN)

Family of girl charged with slamming Missouri teen’s head to the ground claims she’s the real victim, starts fundraiser
(DBN)

Michael Jackson’s son Blanket takes grandma Katherine to court over estate funds
(DBN)

Woman set fire to stranger's porch after no one answered door, police say
(DBN)

Hijacked Metro bus collides with cars and crashes into downtown LA Ritz-Carlton Hotel
(DBN)

Woman stabbed boyfriend when she saw him texting another woman, but it was his aunt: Cops
(DBN)

Judge berates home invader who killed paraeducator ‘for peanuts’ as family says the sentence ‘is not justice’
(DBN)

Mom sent kid to day care with Glock in lunch box because ‘she does not carry a purse’: Police
(DBN)

Airport executive dies days after a shootout with federal agents shocked neighbors
(DBN)

FBI: Air Force intel analyst shared classified info on Discord
(DBN)

US appeals court directs inquiry into juror bias in Boston Marathon bomber's trial
(DBN)

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Judges:

US judge cites Dr. Seuss in dismissing Blagojevich suit: ‘Just Go. Go. GO! Judge slaps down Rod Blagojevich's lawsuit seeking to undo ban on running for office
(DBN)

Insolvency Courts: General Principles for Systems Design
(DBN)

Why Did Two of Judge Aileen Cannon’s Law Clerks Suddenly Quit?
(DBN)

Biden nomination of the first Muslim American to a federal appeals court in peril
(DBN)

US judiciary set to receive modest spending boost from Congress
(DBN)

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Wall Street:

Stock futures slip but Wall Street is still on track for a winning week
(DBN)

Dow closes just points away from 40,000 as US markets rally to new records
(DBN)

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Tech:

Startup Bench IQ launches AI tool to decode judges' decisions
(DBN)

DOJ accuses Apple of illegal iPhone monopoly The big lawsuit against Apple explained in 60 seconds Justice Dept. lawsuit hits Apple at its core Why America says Apple is breaking the law String Of Litigation Cases Bites Apple 5 ways prosecutors say Apple created a smartphone monopoly
(DBN)

Antitrust suits leave Big Tech unbowed
(DBN)

Senators get "shocking" look at TikTok's spy potential
(DBN)

Inflection's implosion and ChatGPT's stall reveal AI's consumer problem
(DBN)

A modest proposal: No smartphones for kids
(DBN)

Screens are poisoning kids' minds
(DBN)

Tennessee becomes first US state with law protecting musicians from AI
(DBN)

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Healthcare:

Hazel Hawkins Hospital analyzing impact of court’s bankruptcy ruling Registered nurses are deeply gratified after court dismisses Hazel Hawkins bankruptcy claim
(DBN)

Life expectancy rebounds after 2-year dip
(DBN)

Medicare allows coverage of weight-loss drugs for heart conditions
(DBN)

Doctors less likely to respond to Black patients' emails, study suggests
(DBN)

Doctors outraged after Texas bans health departments from promoting COVID vaccines
(DBN)


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Hotels:

Amarillo: Herring Hotel Owner Files for Bankruptcy
(DBN)

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Food/Beverage:

Popular food and grocery brand files for Chapter 11 bankruptcy
(DBN)

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Fraud:

Billionaire Joe Lewis Seeks to Avoid Prison for Insider Trading
(DBN)

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Economy:

The Fed should wait 'a couple years' before cutting rates as inflation is too sticky, top economist says
(DBN)

Weekly Initial Unemployment Claims Decrease to 210,000
(DBN)

The Fed needs to cut rates to help the struggling clean energy sector, Elizabeth Warren says
(DBN)

Biden economists' glowing message: Full employment and less inflation
(DBN)

The secret weapon behind America's soaring productivity
(DBN)

There's one benefit that would entice people to sacrifice remote work, a survey found
(DBN)

Secretly working a second job? It may not be for much longer, the 'Oracle of Wall Street' warns.
(DBN)

What made the cut in Congress’s $1.2 trillion funding deal? Conservatives rail against funding package: ‘An abomination’ Johnson spurs fresh conservative fury with new spending deal Senate conservatives not ready to threaten a brief shutdown by delaying spending deal Congress sprints to funding finish line despite conservative outrage
(DBN)

Yellen, Senate GOP spar over Biden tax plan
(DBN)

Vance, Whitehouse team up to eliminate tax breaks for corporate consolidation
(DBN)

The dark side of DINKs: People who want kids but can't afford them
(DBN)

Immigrants are driving a surprisingly strong US economy, and it hasn't come at the expense of American workers, Nobel laureate Paul Krugman says Immigration Is Fueling US Economic Growth While Politicians Rage
(DBN)

World’s population to fall for first time since the Black Death
(DBN)

GOP faces internal battle over raising age for Social Security Social Security head warns against raising retirement age after GOP proposal
(DBN)

Income inequality is gutting the middle class
(DBN)

FactCheck: “Since 1989 and a new age of globalization began, 51 million jobs have been created in America. 49 million, 96%, have been created under Democratic presidents.”
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US home sales surged last month, despite highest February prices on record NAR: Existing-Home Sales Increased to 4.38 million SAAR in February; Median Prices Down 7.1 From Peak NAR: Existing-Home Sales Increased to 4.38 million SAAR in February
(DBN)

Realtor.com Reports Active Inventory UP 23.8% YoY; New Listings up 17.8% YoY
(DBN)

How DOJ paved the way for the NAR home-selling settlement
(DBN)

The looming office-real-estate crash will be worse than the Global Financial Crisis decline, Fitch says
(DBN)

Renting will be cheaper than buying a home for years to come, real estate firm says
(DBN)

White House targets local zoning restrictions in push to address rising housing costs
(DBN)

State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market
(DBN)

In 2023, Florida insurers turned first profit in seven years, new report says
(DBN)

TikTokker urges migrants to ‘invade’ American homes using squatter’s rights
(DBN)

Clashes Erupt Over ‘California Forever’ Billionaires’ Shady Petition Tactics
(DBN)

Billionaire Miami real estate tycoon Patrick Carroll is taken for police-mandated health evaluation after posting unhinged Instagram videos threatening cops and shooting off boat
(DBN)

JoCo housing developments for seniors, some unfinished, in jeopardy following bankruptcy
(DBN)

Bankrupt WeWork wants to retain office lease in Century City
(DBN)

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Municipalities:

Failing Better
(DBN)

The fastest-growing and fastest-shrinking cities in the US
(DBN)

Hate Car Free Cities? Not if You Live There
(DBN)

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Oil/Gas:

IEA takes heat as GOP alleges shift from energy security
(DBN)

Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
(DBN)

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Climate:

AOC, Sanders unveil ‘Green New Deal’ for housing
(DBN)

A plant that’s everywhere is fueling a growing risk of wildfire disaster
(DBN)

Energy Department goes all in on clean form of on-demand energy embraced by fossil fuel industry
(DBN)

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Crypto:

FTX CEO on Sam Bankman-Fried: "Continues to live a life of delusion" FTX chief executive blasts Sam Bankman-Fried for claiming fraud victims will not suffer
(DBN)

U.S. Government's Legal Precedents Don't Support Lengthy Prison Term, Bankman-Fried's Defense Argues
(DBN)

Research paper makes further allegations regarding FTX's bankruptcy lawyers conflicts of interest
(DBN)

Patterson Belknap Litigator Confirmed as FTX Examiner
(DBN)

FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion
(DBN)

Former FTX Executive’s Platform Secures $60 Million In Claims, Here Are The Details
(DBN)

Silvergate to Face Lawsuit Over Alleged FTX Exchange Fraud
(DBN)

Bitcoin On Track for Worst Week in Months as ETF Demand Falters
(DBN)

Kyle Davies Does It Again: 3AC’s Creditors Left in the Cold
(DBN)

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Bankruptcy Crimes:

McKinney man sentenced to five years for hiding PPP loans during bankruptcy
(DBN)

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Retailing:

Here’s how Joann plans to keep its fabric stores open amid bankruptcy Here's how Joann Inc. racked up the debt that pushed it to bankruptcy
(DBN)

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Politics:

Republican trading firm owner and TikTok investor Yass emerges as top donor in US election
(DBN)

The Supreme Court Is About an Inch Away from Legalizing Bribery
(DBN)

Lawmakers see rise in threatening messages as users swarm Congress
(DBN)

GOP primaries flash warning signs for Trump
(DBN)

'God gave us Trump': Christian media evangelicals preach a messianic message
(DBN)

Inside Biden's monster cash advantage over Trump Biden campaign calls Trump ‘Broke Don’ after he lags in fundraising Republican Group Mocks 'Broke' Donald Trump
(DBN)

House Speaker’s Unpopularity With Rich Donors Widens Republicans’ Fundraising Gap
(DBN)

Biden seeks to boomerang ‘are you better off’ argument against Trump
(DBN)

Biden boycott vote resonates with young Americans
(DBN)

Trump has an early lead on Biden. But problems are piling up around him.
(DBN)

3 theories for why Donald Trump’s popularity is rising
(DBN)

Marco Rubio says it would be an 'honor' to be offered a spot as Trump's VP
(DBN)

House GOP sues for DOJ officials' testimony in impeachment inquiry Biden impeachment push struggles under mounting GOP skepticism
(DBN)

Biden campaign taunts Trump on low fundraising numbers: 'He'd fire himself' Trump is losing the cash race to Biden
(DBN)

Biden’s stutter surges into the presidential campaign
(DBN)

Biden’s emergency aid request crumbles in Hill pile-up
(DBN)

Nikki Haley’s campaign had cash left over as her primary run ended
(DBN)

"I wouldn't preclude anything": Chris Christie doesn't rule out No Labels bid
(DBN)

Kari Lake to SCOTUS: Hurry up, the 2024 election is coming and Dominion machines must go
(DBN)

Indicted Sen. Bob Menendez says he won't run in Democratic primary
(DBN)

Freedom Caucus votes to remove Ken Buck Ken Buck’s parting gift to GOP: Signing Democrats’ Ukraine discharge petition
(DBN)

Wisconsin election official who manipulated absentee ballots found guilty
(DBN)

North Carolina schools candidate who called for Obama’s death put on the spot
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Forum Selection:

Lit Funder Virage Wants Sacks Weston Bankruptcy Dismissed
(DBN)

A new rule to curb judge shopping is a good start. If federal judges don’t follow it, Congress should make them.
(DBN)

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Mediation:

Mediator Insights: Practice Tips for Attorneys Based on Lessons Learned Over 10 Years as a Mediator
(DBN)

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SPACs:

SPAC Bankruptcies
(DBN)

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Mass Torts:

Survivors can testify in Baltimore archdiocese bankruptcy case, judge rules
(DBN)

Bankruptcy Abuse Rarely Works . . . Because Of Gatekeepers—Creditors and Their Attorneys (Part 2)
(DBN)

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Aviation:

US airline CEOs request meeting with Boeing board to address production problems, WSJ reports
(DBN)

Boeing crisis: ‘Stupid’ French minister talks ‘rubbish’ like Donald Trump, says Ryanair chief
(DBN)

How the crisis at Boeing could make your next vacation more expensive
(DBN)

A Delta captain was given 10 months in prison after showing 'reckless disregard' for safety by turning up intoxicated for a transatlantic flight
(DBN)

Rescue actions fail, budget carrier Pacific Airlines faces bankruptcy
(DBN)

Wilmington moves NCLAT in SpiceJet insolvency case
(DBN)

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Education:

Kansas considers fining public universities for diversity programs
(DBN)

Kyle Rittenhouse speech at University of Memphis sparks outrage
(DBN)

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Corporate Governance:

Everyone is Talking About Bankruptcy Directors
(DBN)

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Nursing Homes:

Nursing home co. Petersen files for bankruptcy after cyberattacks
(DBN)

Illinois families owed millions of dollars after retirement community files for bankruptcy
(DBN)

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Autos:

Tesla challenger Fisker, flirting with bankruptcy, gets both a design award and another scathing review in the same week
(DBN)

Elon Musk weighs in on Cybertruck door panel gap after reviewer calls it the 'worst I've ever seen in a production vehicle'
(DBN)

Why Has the EV Market Stalled?
(DBN)

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Utilities:

Utility-Caused Wildfires Are Becoming a National Problem
(DBN)

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Ride Hailing:

Forget ‘Flying Cars’—Where Are The Robotaxis?
(DBN)

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Climate:

Summer coming early? New NOAA forecast map predicts warm 3 months ahead in these states
(DBN)

Scientist: 2023 heat may put world in "uncharted territory"
(DBN)

Biden Set to Award Billions to Decarbonize US Heavy Industries
(DBN)

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Movie Theaters:

Cineworld names new GC amid post-bankruptcy leadership refresh
(DBN)

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Apparel:

Outdoor Voices Reportedly Set for Bankruptcy Amid Activewear Struggles Outdoor Voices Bankruptcy Imminent According to Insiders
(DBN)

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Sovereigns:

Economic conditions in debt-stricken Sri Lanka improving, IMF says IMF, Sri Lanka reach staff-level agreement for $337 million bailout
(DBN)

Bills and bailouts: the bankruptcy management of Egypt’s economy
(DBN)

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UK:

Update for Insolvency Practitioners on UK Companies House Filings
(DBN)

Britain is becoming a toxic chemical dumping ground – yet another benefit of Brexit
(DBN)

Bankrupt former son-in-law of Bernie Ecclestone loses court battle over centuries-old painting
(DBN)

UK Retail Sales Were Stronger Than Expected at Start of the Year
(DBN)


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Canada:

Atlantic Canada's insolvent SaltWire Network hoping to survive restructuring process
(DBN)

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MENA:

US to bring resolution calling for ceasefire in Gaza for vote in UN on Friday US calls for immediate Gaza ceasefire and hostage deal in draft UN resolution
(DBN)

Schumer signals approval of Netanyahu address to Congress Netanyahu would face widespread boycott on Capitol Hill
(DBN)

'Death or surrender': IDF arrests 650, including 'senior Hamas officials,' in Shifa
(DBN)

Israeli military says troops captured hundreds of fighters in Gaza hospital
(DBN)

The Great Rupture in American Jewish Life
(DBN)

Americans support humanitarian aid for Gaza over military aid for Israel: Poll
(DBN)

Israeli defense minister will bring a long weapons wish list to Washington
(DBN)

CIA chief will meet Qatari PM, heads of Egyptian, Israeli intel for hostage talks
(DBN)

Gazans increasingly back a two-state solution, as support for Hamas drops
(DBN)

Houthis Tell China, Russia Their Ships Won't Be Targeted
(DBN)

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Haiti:

Hundreds of Americans appeal to State Department to help them leave Haiti Vigilantes set gangsters on fire, cut off hands as Haiti collapses
(DBN)

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Mexico:

A Mexican Drug Cartel’s New Target? Seniors and Their Timeshares
(DBN)

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Germany:

German Business Outlook Improves Much More Than Expected
(DBN)

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Russia:

Seed shortage pushes Russian grain farmers closer to bankruptcy
(DBN)

Ukraine Says Russian Missiles Struck Power Network Across Nation
(DBN)

Putin’s Spokesman Says Russia Is ‘In a State of War’ in Ukraine
(DBN)

EU Is Set to Impose Punitive Tariffs on Russian Grain
(DBN)

Europe Considers Leveraging Frozen Russian Assets for Ukraine
(DBN)

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China:

China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case
(DBN)

Country Garden, Vanke to Expose Extent of China’s Property Crisis
(DBN)

China’s Central Government Steps Up Spending to Bolster Economy
(DBN)

China’s Inbound Investment Slows Again Despite Beijing’s Efforts
(DBN)

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India:

Rich Indians Own 40% of Wealth in Extreme Inequality Under Modi
(DBN)

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