March 28, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

For second year in a row, law firms pull back on lateral hiring of lawyers
(DBN)

Law Firm Hiring Plummets 35% Amid Layoffs, Slow Demand
(DBN)

Latham Increases Its Partner Bonus Pool To 15% To Keep Rainmakers Happy And Stave Off Lateral Moves
(DBN)

This BigLaw firm surpasses $7B in revenue, but that’s not metric being watched by many firms
(DBN)

Biglaw DEI Head Frustrated By General Criticism, Storms Off To LinkedIn For Support
(DBN)

Experienced Bankruptcy & Restructuring Attorney Zev Shechtman Joins Saul Ewing’s Los Angeles Office
(DBN)

In Conversation With Rachel Albanese (DLA Piper), Jennifer Marines (MoFo), Amy Caton (Kramer Levin) & Jennifer Selendy (Selendy Gay)
(DBN)

Female Attorney Pay Remains Skewed, and Law Firms Must Step Up
(DBN)

Prosecutors seek to revoke Alex Murdaugh’s federal plea deal over $6M in missing money
(DBN)

Is ex-DOJ official facing ethics trial for ‘thought crime’? His election-fraud letter was based on sincerely held belief, lawyer says
(DBN)

Willis Sends Jim Jordan a Defiant Letter
(DBN)

Missouri AG Sues Media Matters For Aggravated MEAN TO TWITTER
(DBN)

Tennessee Republican sued over post falsely identifying Kansas man as Chiefs parade shooter and 'illegal Alien'
(DBN)

Executive Alleging Dechert Hack Gets Fraud Judgment Tossed
(DBN)

Lawyers Often Shouldn't Refer Matters That Can't Be Monetized To Other Lawyers
(DBN)

Sean Combs Settled a Lawsuit, but His Troubles Were Just Beginning • Sean 'Diddy' Combs faces sweeping sex-trafficking inquiry: What the feds have, need to prove • ??Usher’s shocking revelations about living with Diddy at age 13 resurface • Where’s Sean Combs? Everything We Know — and Don’t — About Federal Raids • Sean ‘Diddy’ Combs’ alleged victims ‘talking a lot’, feds claim ‘concrete, detailed, explicit allegations of sex trafficking’ • Sean ‘Diddy’ Combs: The ups and downs of a ‘bad boy’ turned businessman
(DBN)

Lawyers who helped Trump in his efforts to overturn the 2020 election face the consequences
(DBN)

Ex-Trump lawyer John Eastman should be disbarred, judge rules • Trump Attorney Eastman Should Be Disbarred, State Judge Says
(DBN)

Former Acting Attorney General Rosen Calls Clark Moves Improper • Jeffrey Clark repeatedly invokes his Fifth Amendment right to remain silent
(DBN)

‘Treating the court like a campaign event’: Carroll lawyers slam Trump's new trial demand
(DBN)

California man sentenced to prison for leaving Pelosi, Mayorkas threatening voicemails
(DBN)

Judge releases Jan. 6 rioter, says similar 'political maelstrom' unlikely to occur again
(DBN)

MyPillow left without a place to rest its head as judge orders company to leave warehouse
(DBN)

Trump can't dodge Jan. 6 lawsuits as he pursues SCOTUS immunity fight: Plaintiffs
(DBN)

‘So unusual’: Ex-Watergate prosecutor reacts to judge imposing gag order on Trump
(DBN)

Hunter Biden to seek dismissal of tax charges he argues are politically motivated • Judge skeptical as Hunter Biden asks for dismissal of tax charges
(DBN)

Cameras placed all over are recording drivers' license plates. Who’s watching, and should we worry?
(DBN)

Multiple women online say they were punched while walking around New York City
(DBN)

Appeals court extends block on Texas migrant arrests • Divided appeals court extends block on Texas immigration law • The standoff at Gate 36: Texas sends in the troops to block migrants from seeking asylum
(DBN)

Utah grief author also tried to poison husband with Valentine's Day sandwich, prosecutors say
(DBN)

Judge drops murder charges against cop who allegedly got 2 people killed in drug raid
(DBN)

Man enraged by 'honk' from couple followed them home and ran down driver's boyfriend
(DBN)

Illinois parole official quits after police say a freed felon attacked a woman and killed her son
(DBN)

Federal watchdog to examine DOJ law enforcement task forces after NBC News report
(DBN)

4 people killed and 7 wounded in stabbings in northern Illinois, with a suspect in custody
(DBN)

Trump to attend wake for fallen NYPD officer as he ramps up rhetoric on crime • Trump claims crime rates are soaring. The numbers indicate otherwise.
(DBN)

Woman faces seven years in prison for writing a damning online review of tomato puree
(DBN)

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Judges:

Comments sought regarding the reappointment of the Hon. Jennie D. Latta, Bankruptcy Judge for the Western District of Tennessee.
(DBN)

What People Are Getting Wrong About The Call For Sonia Sotomayor To Retire
(DBN)

Breyer says Supreme Court risks creating ‘Constitution that no one wants’
(DBN)

Neil Gorsuch Confidently Declares That He Did The Research (He Did Not Do The Research)
(DBN)

Christine Blasey Ford On The Disappointing Reaction To Her Emotional Testimony Against Brett Kavanaugh
(DBN)

Donald Trump attacks hush-money judge's daughter and calls him 'hater' in furious outburst • Trump Celebrates Gag Order By Attacking NY Judge's Family
(DBN)

Top Patent Venues Are Two Steps Ahead of Judge-Shopping Guidance
(DBN)

Latest Democratic Opposition Jolts Muslim Judicial Nomination
(DBN)

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Wall Street:

Stock futures are flat as S&P 500 wraps up best first quarter since 2019
(DBN)

The 'bizarrely' overvalued stock market is poised for a big correction and the smart money is moving into cash, chief strategist says
(DBN)

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Layoffs:

A comprehensive list of 2023 & 2024 tech layoffs
(DBN)

Stellantis Cuts 8% of Italy Workers in Savings Push, Union Says • New Stellantis layoffs mean over 3,000 jobs set to go in Italy
(DBN)

Wage-Cost Savings Cited as Main Reason to Automate in CFO Survey
(DBN)

Is the US media layoffs phenomenon the next housing crisis?
(DBN)

Ford to dramatically cut hourly workforce at F-150 Lightning plant in Dearborn
(DBN)

Vodafone Deutschland to cut around 2,000 jobs
(DBN)

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Autos:

Fisker Slashes EV Prices as Much as 39% in Fight for Survival • Fisker Slashes Ocean Prices To Less Than $25,000, But That's Still Probably Too Much Money • Fisker lost track of millions of dollars in customer payments for months
(DBN)

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Trucking:

Teamsters win against Yellow Corp. in court • Yellow gets favored venue for hearing on $7.8B in pension liability claims
(DBN)

Goshen trucking company files for bankruptcy
(DBN)

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Coal:

West Virginia governor vetoes bill expanding renewable energy to protect coal
(DBN)

Why a town on the front line of America's energy transition isn't letting go of coal
(DBN)

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Climate:

Melting polar ice is slowing the Earth’s rotation, with possible consequences for timekeeping
(DBN)

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Tech:

Nearly a third of employed Americans under 30 used ChatGPT for work: Poll • A Third of Americans Have Never Heard of ChatGPT • Don't tell Gen Z the ChatGPT hype bubble is over
(DBN)

Army mulls introducing robot platoon into armored brigades
(DBN)

Robotic police dog shot multiple times, credited with avoiding potential bloodshed
(DBN)

We're entering the age of AI BS
(DBN)

Many People and Companies Have Made Millions on Trump Media’s Stock • Trump Media Adds $1.4 Billion in Value After Nasdaq Debut • Truth Social just brought Trump a $4 billion windfall, but experts aren't sold • Like Elon Musk And Twitter Before Them, Investors In Trump's Newly Public Social Media Company Will Lose Millions • Trump’s Unbearable Temptation to Dump His Truth Social Stock • Donald Trump’s latest windfall tops $5 billion as his social-media company’s stock soars. But have investors read the fine print?
(DBN)

Reddit Tumbles After Hedgeye Names It a Short Idea and Sees 50% Slump
(DBN)

Mark Zuckerberg as a boss terrifies me after seeing an email he sent: 'You should figure out how to do this.'
(DBN)

I thought the Apple Vision Pro would bring about utopia. Now it scares the hell out of me.
(DBN)

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Maritime:

American Queen Cruise Ship Fleet Heading to Auction
(DBN)

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Celebs:

Katie Price reveals lifetime of abuse: ‘If men hadn’t been in my life I wouldn’t be bankrupt’
(DBN)

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Climate:

Supercharged Atlantic Hurricane Season Looms With Record at Risk
(DBN)

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Sports:

After a county restricted transgender women in sports, a roller derby league said, ‘No way’
(DBN)

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Economy:

Why the U.S. could be on the cusp of a productivity boom
(DBN)

The Fed could cut rates 5 times in 2025 with the US economy bound to slow, chief economist says
(DBN)

U.N. chief calls for slavery reparations to overcome ‘generations of discrimination’
(DBN)

Junk Market Flashes Warning as Fed Eyes Higher Rates for Longer
(DBN)

The inventor of a famed recession indicator says many state-level warning signs are less dire when you factor in immigration
(DBN)

Retirees are returning to the workforce in droves: Here's why
(DBN)

Consumers Turning Sour on Economy’s Future, Worried About Political Outlook
(DBN)

BlackRock’s Larry Fink is worried about ‘snowballing’ U.S. debt. Here’s how soon it could hit a record.
(DBN)

Unpacking the economic fallout from the Baltimore bridge collapse • A staggering amount of money is slipping away due to the Baltimore bridge collapse • Baltimore Bridge Collapse Reverberates From Cars to Coal • Baltimore Union Fears Loss of 2,400 Jobs on Bridge Collapse • Treasury Sec. Yellen: ‘There will be insurance payments’ to cover Baltimore Bridge collapse • Yellen Sees Insurance Payouts Helping Fund New Baltimore Bridge • Ships carrying cars and heavy equipment need to find a new harbor • A complex and clubby group in London could face billions in claims from the Baltimore bridge collapse • Here's who could be responsible for paying for the Baltimore bridge disaster • The Baltimore bridge disaster is just the latest knock to global shipping and trade • The Baltimore Bridge Collapse Is About to Get Even Messier • Baltimore bridge collapse may be the biggest ever marine insurance loss, says Lloyd's of London chairman
(DBN)

Child care benefits for workers effectively pay for themselves, new study finds
(DBN)

BlackRock Issued Legal Warning Over ESG Strategy by Mississippi
(DBN)

The death of the nuclear family
(DBN)

MAGA sales tax: The Trump plan to make everything more expensive
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

The Homeowners Who Beat the National Association of Realtors
(DBN)

Inflation Adjusted House Prices 2.4% Below Peak; Price-to-rent index is 7.5% below 2022 peak
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

NY 'Sell & Stay' company contends CT bankruptcy trustee interfered with business
(DBN)

Renting now cheaper than owning in 50 biggest metros
(DBN)

Fannie and Freddie: Single Family Serious Delinquency Rate Decreased, Multi-family Decreased in February
(DBN)

Don't wait to buy a home
(DBN)

A third of Gen Z and millennial homebuyers plan to use family money for a down payment amid sky-high housing costs
(DBN)

WeWork Fund Loses Last London Office After Deutsche Bank Breach
(DBN)

Property Firm Adler Looks to Sell Assets at Up to 47% Discount
(DBN)

Housing-Bond Sales Hit 10-Year High as Mortgage Rates Stay Lofty
(DBN)

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Municipalities:

Houston Mayor John Whitmire says city is 'broke' after decades of overspending that has stopped them from being able to pay firefighters
(DBN)

People priced out of Austin and Orlando are moving to these cheaper cities
(DBN)

A $15 toll to drive into part of Manhattan has been approved. That’s a first for US cities
(DBN)

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Oil/Gas:

$900M Judgment: King & Spalding's Big Win for Unsecured Creditor
(DBN)

Biden’s Methane Crackdown Reaches Oil Wells on Federal Land
(DBN)

Shale CEOs Bemoan US Political ‘Uncertainty,’ Dallas Fed Says
(DBN)

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Politics:

Biden and Trump know Kennedy’s VP choice is a game changer • Democrats ramp up attacks on RFK Jr.: ‘He should be ashamed of himself’ • Trump Attacks R.F.K. Jr., a Third-Party Wild Card
(DBN)

'Never before seen': Ex-Giuliani associate posts video 'Republicans don't want you to see'
(DBN)

We Need To Kill The Zombie Comstock Act Before It Does Real Damage
(DBN)

After Alabama Democrat special election blowout, Republicans asking 'what happened'?
(DBN)

Biden's case for re-election is improving, but his polling against Trump is still shaky
(DBN)

Chris Christie turns down running with No Labels
(DBN)

Obama jumps in to help Biden defeat Trump again • Biden leans on his Democratic predecessors as Trump remains isolated from other Republican leaders
(DBN)

The House GOP thought it was moving past internal drama. Then more showed up.
(DBN)

House wracked by dysfunction as members plot exits
(DBN)

Democrats fear Trump more than Biden scares GOP: Poll
(DBN)

In defamation case, Kari Lake won’t defend her statements about Arizona election official • Kari Lake's 'surrender' in election official's defamation lawsuit speaks volumes
(DBN)

Cheney trolls Trump over Bible sale, suggests he read verse on adultery
(DBN)

Arizona becomes ground zero for 2024 election misinformation fears
(DBN)

Greene says she won’t take blame if Jeffries becomes Speaker
(DBN)

Trump mocks McDaniel after ouster from NBC
(DBN)

Chair says Libertarians are ‘confused’ by RFK Jr.’s VP pick
(DBN)

Ronna McDaniel’s NBC Dismissal Shows How Election Denial Weighs on GOP, Media • Trump attacks Comcast chair after McDaniel ouster from NBC • NBC News ousts Ronna McDaniel after unprecedented on-air rebellion • McDaniel eyes big payout after NBC drama • When an Operative Becomes a Journalist — and Why Ronna McDaniel Flopped • Lara Trump says 2020 election is 'in the past' even as Donald Trump keeps bringing it up • Why investigators are looking into ‘dirty fuel’ in Baltimore bridge collapse
(DBN)

Oklahoma official facing recall over white nationalist ties defends marching in Charlottesville
(DBN)

Disney And Ron DeSantis Allies Reach Settlement Over Theme Park District As Mouse House Board Battle Looms
(DBN)

MTG: Baltimore bridge collapse was 'intentional'
(DBN)

Fergie Chambers Is Heir to One of America’s Richest Families — and Determined to See the U.S. Fall
(DBN)

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Maritime:

‘Mayday’ call from ship stopped Baltimore bridge traffic, saved lives • Police radio captures calm, then panic, as bridge collapses • Radio Chatter Reveals How Officers Quickly Closed Bridge to Traffic • Maryland governor calls for ‘full accountability’ in bridge collapse • Baltimore Bridge Collapse Investigators Recover Cargo Ship’s ‘Black Box’ • The Baltimore bridge disaster is what happens when 95,000 tons of modern cargo ship meets America's aging infrastructure, experts say • Central American and Mexican families mourn the workers lost in the Baltimore bridge collapse
(DBN)

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Crypto:

FTX bankruptcy procedures riddled with law firm clash
(DBN)

Pressure mounts on FTX's bankruptcy lawyers: Here’s how it could affect the case
(DBN)

‘Old-fashioned embezzlement’: where did all of FTX’s money go?
(DBN)

FTX’s Bankruptcy Estate Set to Surpass Creditor Claims Amidst Tax Dispute
(DBN)

How Sam Bankman-Fried's Sentencing Hearing May Play Out
(DBN)

FTX Creditors Likely To Be Paid up to 140% the Value of Their Original Claims
(DBN)

FTX Creditors: Bankruptcy Estate Could Have Revived ‘Thriving’ Business
(DBN)

SEC Suit Against Coinbase Can Go Forward, Judge Rules
(DBN)

Crypto Funds Mark Biggest Week of Outflows on Record, CoinShares Says
(DBN)

Canadian Province Asks QuadrigaCX Co-Founder to Explain His Wealth in New Order
(DBN)

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Food/Beverage:

Fast-food companies seeing low-income diners pare orders
(DBN)

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Radio:

Another major radio chain files Chapter 11 bankruptcy • High Plains Radio Network Files For Chapter 11 Bankruptcy Protection • A Texas-Based Radio Group Has Filed For Chapter 11 Bankruptcy
(DBN)

Cumulus Stretches Debt Maturity Offer Window With Creditors
(DBN)

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Retailing:

Rite Aid bankruptcy restructuring could begin by late April
(DBN)

Gamestop Set to Fall Most in Nine Months After Revenue Plunges
(DBN)

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Food/Beverage:

Red Lobster hires bankruptcy expert as new CEO
(DBN)

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Entertainment:

Paramount Debt Is Cut to Junk on Deteriorating Outlook for TV
(DBN)

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Pharma:

Ozempic, Novo’s $1,000 Diabetes Drug, Can Be Made for Less Than $5 a Month, Study Says
(DBN)

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Transit:

Public transit electric buses remain parked after supplier goes bankrupt
(DBN)

U.S. cities are clamoring for electric buses. Why can’t manufacturers keep up?
(DBN)

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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings up 28 Percent in Eastern Oklahoma
(DBN)

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Mass Torts:

Local Catholic schools discussing possibility of buying their buildings from the Diocese
(DBN)

J&J Can Contest Evidence Linking Its Talc to Cancer, US Judge Rules
(DBN)

A new HBO documentary shows how Alex Jones’ lies are still ruining lives
(DBN)

Lawsuit accuses Chicago doctor of abusing more than 300 women over decades
(DBN)

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Cross-Border:

Recent Developments in Cross-Border Insolvency Cases
(DBN)

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Litigation Finance:

Litigation Finance Industry Shrinks After Years of Growth
(DBN)

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Aviation:

Boeing leadership shakeup raises questions after 737 Max 9 blowout
(DBN)

'Go First lenders yet to decide on bids, airline's revival likely to be delayed'
(DBN)

UK’s flybe. dissolved, leaves creditors £684mn short
(DBN)

A passenger had to sit with an exposed bolt digging into his head for a 7-hour flight because his seat had no headrest
(DBN)

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Media:

Shane Smith Scrambles to Save What’s Left of Vice, the Media Empire He Built – and Blew Up
(DBN)

Trump Media adds another $1.4 billion of market value in 2nd day of trading
(DBN)

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Fashion:

The Economic Cost Of Sustainable Fashion: Lessons from Renewcell's Bankruptcy
(DBN)

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Cannabis:

Mainstreaming Cannabis: Bankruptcy, Receiverships and Reorganization
(DBN)

Cannabis dispensary worker ineligible for bankruptcy relief under Ch. 13
(DBN)

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Healthcare:

Court rejects Hollister hospital’s bid to go bankrupt
(DBN)

Kansas Republicans advance bill requiring abortion providers to state reason for patient’s procedure
(DBN)

What the IVF fight means for the battle for control of Congress
(DBN)

The Little-Remembered Supreme Court Precedent That Could Protect IVF — and Abortion
(DBN)

Justices were skeptical of abortion pills arguments. Anti-abortion groups have backup plans •Supreme Court Scoffs at Flimsy Abortion Pill Argument • Supreme Court to anti-abortion activists: You can’t just challenge every policy you don’t like
(DBN)

Migrant women raped before crossing the border grapple with restrictive U.S. abortion laws
(DBN)

Sexually transmitted infection rates have risen sharply among adults 55 and older, CDC data shows
(DBN)

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Education:

Vanderbilt Students Arrested, Suspended After Anti-Israel Rally
(DBN)

As Texas students clash over Israel-Hamas war, Gov. Greg Abbott orders colleges to revise free speech policies
(DBN)

Prayer, Bible lessons and a big red bus: How an Ohio group is bringing God to public school
(DBN)

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Distressed Investing:

Jefferies’ Ex-Navy SEAL Gains Edge in Distressed-Debt Investing
(DBN)

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Nuclear:

Biden administration will lend $1.5B to restart Michigan nuclear power plant, a first in the US
(DBN)

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Satellites:

Ligado close to bankruptcy
(DBN)

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Student Debt:

Times Outs Student Loan Startup Before Jamie Dimon Can Buy It
(DBN)

Is More Student Loan Forgiveness On The Horizon?
(DBN)

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Sovereigns:

Zambia's debt-rework battle scars mar its Common Framework success
(DBN)

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UK:

Britain's Conservatives go full Trump in London
(DBN)

Council leader warns tax freeze fiasco 'pushing authorities closer to bankruptcy'
(DBN)

Prospect of Thames Water nationalization looms after shareholders cancel investment
(DBN)

No money for unsecured creditors of Gwynedd Shipping, administrator anticipates
(DBN)

Eebria deal offering ‘full repayment to all creditors’ collapsed in December
(DBN)

Church loans risk bankruptcy for retired personnel
(DBN)

Morrisons: Debt-laden grocer records strongest sales growth in three years
(DBN)

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Canada:

Amid high home costs, insolvency trustees recommend renting for many younger people • Young people paying 'astronomically living expenses': insolvency trustee
(DBN)

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Ireland:

Service firms drive jump in insolvency levels as business costs bite
(DBN)

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Russia:

The Kremlin steps up its efforts to blame Ukraine and the West for the Moscow attack
(DBN)

Putin’s Billionaires Sidestep Sanctions by Financing Lawsuits
(DBN)

Putin says Russia will not attack NATO, but F-16s will be shot down in Ukraine
(DBN)

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Cuba:

Amid Blackouts and Scarce Food, Cuba Protests Rattle 'Cradle' of the Revolution
(DBN)

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MENA:

Majority of Americans disapprove of Israel's war against Hamas: Poll
(DBN)

In reversal, Netanyahu sending delegation to White House for Rafah talks • US and Israel Are Working to Reschedule Canceled Meeting on Gaza
(DBN)

Doctors visiting a Gaza hospital are stunned by the war’s toll on Palestinian children
(DBN)

First Israeli hostage speaks out about alleged Hamas sexual assault
(DBN)

FactCheck: Gaza has “the highest number of people facing catastrophic hunger ever recorded by the Integrated Food Security Classification system — anywhere, anytime.”
(DBN)

Palestinians are drowning trying to reach parcels airdropped into the sea, paramedics say
(DBN)

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India:

Mumbai becomes Asian capital with most billionaires, bumping Shanghai: Report
(DBN)

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China:

Top Biglaw Firm Has Already Closed One Of Its China Offices, May Close Another Soon
(DBN)

Xi Tells US CEOs to Keep Investing in China
(DBN)

China's Country Garden hires Kroll to carry out liquidation analysis, sources say
(DBN)

Yellen Warns China's Industry Ramp-Up Is Distorting World Economy
(DBN)

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Switzerland:

Esprit files for insolvency in Switzerland
(DBN)

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Argentina:

Javier Milei Is a New Prophet of Apocalyptic Capitalism
(DBN)

Argentine Poverty Neared Pandemic Levels Before Milei Austerity
(DBN)

Colombia expels Argentine diplomats after Milei calls Petro ‘terrorist’
(DBN)

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France:

Altice France’s Credit Rating Cut Into Danger Zone for CLOs
(DBN)

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