March 6, 2024

The Daily Bankruptcy News

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Law:

Business Is Booming for DEI Lawyers as Firms Ask ‘What’s Legal?’
(DBN)

Biglaw Associate Reportedly Loses Job Over Legal Tantrum Related To Kittens
(DBN)

Newer law school in Florida gets provisional accreditation from the ABA
(DBN)

Another Major Change Coming To The LSAT This August
(DBN)

'Ahead of the Curve': Dissecting the ABA's Current and Proposed Diversity Standard
(DBN)

'Modern Law Firm Work Environment': Am Law 100 Firm Plans Move to Smaller NY Office
(DBN)

Lawyer mistakenly filed ‘verbatim copy’ of opponent’s brief, leading to loss for Romantics band member
(DBN)

'There's No Such Thing As A Licensed Lawyer,' Proclaims Incredibly Wrong TikTok
(DBN)

Are Small Firms Going Big On Legal Tech?
(DBN)

Lawyers Tell Clients They Understand, But Do They Really?
(DBN)

Biglaw Firms Continue To Close Down Their Offices In China
(DBN)

Lawyer accused of spying on Muslim colleagues gives up law license
(DBN)

'More like a press release': Manhattan DA trashes Trump's motion to exclude Michael Cohen Manhattan DA erupts after Trump lawyers say Cohen's testimony would open door to perjury
(DBN)

New witness comes forward about Fani Willis' relationship with top Trump RICO prosecutor Key attorney to testify to Georgia state Senate panel on efforts to disqualify Willis from election subversion case
(DBN)

Texts, emails between Trump co-defendant, campaign lawyer expose alleged fake elector plot
(DBN)

'We want a civil war to be clear': First Jan. 6 defendant to breach Capitol found guilty
(DBN)

Nine Justices in Search of an Excuse to Nullify Section 3 of the 14th Amendment The Supreme Court’s Ballot Decision Rests on Two Fallacies
(DBN)

RNC resolution to ban paying Trump’s legal bills is ‘dead’
(DBN)

Appeals court blocks Florida ‘Stop Woke Act,’ says it’s a ‘First Amendment sin’
(DBN)

Ron DeSantis Trades Getting Butt Kicked By Trump For Getting Butt Kicked By Trump Judges
(DBN)

Trump demands new E. Jean Carroll trial, citing ‘restrictions’ on testimony It's Almost PAY UP Time For Trump On Carroll Verdict With No Reprieve From The Court
(DBN)

‘It will not come today’: Judge Kaplan smacks down Trump
(DBN)

Two men fought for jobs in a river-town mill. 50 years later, the nation is still divided.
(DBN)

Skeleton 'expert' who was implicated in Harvard cadaver scandal has been sentenced
(DBN)

Police warn of thieves using wifi-jamming tech to disarm cameras, alarms
(DBN)

Killer watched 'Dexter' and 'The First 48' to plan for woman's murder and dismemberment
(DBN)

Cruise employee hid under guests beds to record them naked, put cameras in bathrooms: Cops
(DBN)

Fourth couple sues Alabama clinic at heart of IVF court ruling
(DBN)

It’s Not Just Embryos. Even the Dead Have More Rights Than Women
(DBN)

Court: South Carolina Can't Defund Planned Parenthood
(DBN)

Abortion Meds Can Now be Sold at Drugstores
(DBN)

Report: Few Large Employers Have Changed Abortion Coverage Following Dobbs v. Jackson
(DBN)

Trump, Musk Attack Legal Migrant Program Meant to Calm Border
(DBN)

What to know about Louisiana's new tough-on-crime laws
(DBN)

Black voters in key swing states want to see criminal justice reform: Poll
(DBN)

City of peace and love votes for drug screening and more police surveillance
(DBN)

D.C. passes sweeping public safety bill, reversing some reforms
(DBN)

NYC reinstituting bag checks to combat subway crime
(DBN)

Feds accuse Sen. Bob Menendez and wife of lying about bribe money, Mercedes-Benz in new indictment
(DBN)

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Judges:

Group representing immigration judges told to get approval before speaking publicly
(DBN)

Federal judiciary seeks more money for security amid rise in threats Supreme Court wants $19.4 million in new funds to protect the justices and their homes
(DBN)

Fraudulent Bankruptcy Filings Reveal Court System’s Loophole
(DBN)

Unfortunately, Clarence Thomas Made A Great Point About Campus Free Speech
(DBN)

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Wall Street:

Futures gain ahead of Powell's testimony, economic data
(DBN)

Dow tumbles more than 400 points as tech woes rattle Wall Street
(DBN)

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Layoffs:

Just For Laughs Comedy Festival Cancels 2024 Edition And Lays Off Staff After Filing For Bankruptcy; Pandemic And Inflation Blamed
(DBN)

Classic grocery store supplier shutters manufacturing plants
(DBN)

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Education:

Evangelical university founded by Jerry Falwell slapped with record $14 million fine
(DBN)

Missouri teachers who support a trans minor's social transition could face felony, be put on sex offender list under proposed bill
(DBN)

Teachers are embracing ChatGPT-powered grading
(DBN)

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Autos:

Which Automaker Do You Think Is The Next One To Go Bankrupt?
(DBN)

Far-left group claims 'sabotage' on Tesla German factory Tesla factory evacuated and 'bomb squad' brought in after arson attack as 'chilling warning found' ‘No Tesla is safe’ anarchists vow as mysterious ‘Vulkan Group’ declares war on Elon Musk after EV plant firebomb attacks Tesla’s German Plant Remains Halted in Fresh Blow to Outlook
(DBN)

White House moves to stem wave of Chinese EVs
(DBN)

The Long-Range EV Boom Has Arrived
(DBN)

EV Charging Stations Are Finally Getting Busy Enough to Make Money in US
(DBN)

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Tech:

Nobody Knows How AI Works
(DBN)

Apple's iPhone sales in China plunge 24% as Huawei's popularity surges
(DBN)

Facebook and Instagram down as Meta suffers widespread outage
(DBN)

AI jobs charge ahead in the face of public skepticism
(DBN)

Stolen passwords are a hacker goldmine now
(DBN)

I used resume spammers to apply for 120 jobs. Chaos ensued.
(DBN)

OpenAI: Musk agreed firm should become for profit OpenAI publishes Elon Musk’s emails. ‘We’re sad that it’s come to this’
(DBN)

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Retailing:

Target joins crowd of big US retailers seeking store expansion
(DBN)

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Labor:

Unions are flexing new muscles in deals, boardrooms and proxy battles
(DBN)

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Economy:

ISM® Services Index decreases to 52.6% in February
(DBN)

Manufacturing investment hit new peak in January as Biden bets on green transition
(DBN)

How to Survive in Washington the Jay Powell Way
(DBN)

Americans are paying nearly as much interest on credit cards and other debt as they are on their mortgages
(DBN)

Next US financial crisis could look like the last
(DBN)

‘Drill baby drill’: Trump has just one answer when asked how he will lower food prices
(DBN)

Treasury sanctions Intellexa spyware consortium in unprecedented move
(DBN)

Migrants boost U.S. economy but still face obstacles to work
(DBN)

Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
(DBN)

The 15 US cities where your money goes the furthest
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

CoreLogic: US Home Prices Increased 5.8% Year-over-year in January
(DBN)

Inflation Adjusted House Prices 2.4% Below Peak; Price-to-rent index is 7.3% below recent peak
(DBN)

Why there's so much confusion over housing inflation
(DBN)

Commercial real estate fears are overblown, and mortgage bonds show the sector is poised to recover, portfolio manager says
(DBN)

The mortgage 'lock-in' effect is here to stay and home prices won't fall for years to come, research firm says
(DBN)

Zillow stock tumbles as short seller predicts 60% downside from competition and legal headwinds
(DBN)

As Wework’s troubles continue, the company’s competitors are taking advantage
(DBN)

Signa Prime Nears Munich Deal in First Sale Since Insolvency
(DBN)

Californians Split on $6.4 Billion Bond to Fight Homelessness
(DBN)

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Municipalities:

Chicago suburb Dolton faces vehicle repossessions, murky finances
(DBN)

How Would US States Actually Declare Bankruptcy?
(DBN)

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Healthcare:

Will Steward Health Care System Go Bankrupt?
(DBN)

Medical Properties Trust report sparks SEC inquiry possibility
(DBN)

America’s hopelessness crisis may have less to do with the economy and more to do with Gen Z’s mental health, new survey shows
(DBN)

A man deliberately got 217 Covid shots. Here’s what happened
(DBN)

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Climate:

Largest wildfire in Texas history leaves trail of scorched devastation
(DBN)

Arctic Ocean Could be Ice Free Within a Decade
(DBN)

Carbon Markets Test the Limits of Voluntary Action
(DBN)

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Personal Finance:

A teen wiped out her family's life savings on mobile games in 4 months. Here's how to keep that from happening to you.
(DBN)

I left California for Las Vegas. Even after a $39,000 pay cut, my house is bigger, my 401(k) contributions went up, and the quality of my life improved.
(DBN)

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Student Debt:

A mom who's stuck with the bill for her ex-husband's student loans is struggling to pay the $365,000 balance and help her kids at the same time
(DBN)

It’s Time To Scrap The Federal Student Loan Program
(DBN)

Conservatives struggle to find legal avenues against Biden’s revamped student debt relief
(DBN)

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Fitness:

BowFlex files for Chapter 11 bankruptcy after post-pandemic sales slump
(DBN)

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Movie Theaters:

Metropolitan Theatres Declares Bankruptcy
(DBN)

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Celebs:

Bankrupt Katie Price reveals she’s planning another luxury holiday after skiing break with JJ Slater
(DBN)

Young Buck Denies Owing $250,000 To 50 Cent, Tries To Get Out Payment In Bankruptcy
(DBN)

‘Headed towards bankruptcy’, Kylie Jenner fans claim after they spot ‘clues’ in star’s numerous product launches
(DBN)

Bankrupt James Stunt denies owning £4m Van Dyck painting James Stunt was a well-known art collector who relied on heiress wife Petra Ecclestone to help him pay for paintings, art dealer who sold him Van Dyck's £4m masterpiece tells court
(DBN)

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Politics:

Winners and losers from Super Tuesday Biden and Trump win big. Haley plans to exit race "Uncommitted" vs. Biden: How the protest vote fared on Super Tuesday Trump’s Triumph Writes an Epitaph for Reagan Republican Party Biden Team Sees Disaffected Voters As Key to 2024 Rebound 7 things Super Tuesday just taught us about the November election
(DBN)

Here comes the general election: Long, negative and consequential
(DBN)

Democrats ready to hit panic button in Trump-Biden race
(DBN)

All eyes on Biden as he faces critical moment at State of the Union The toughest pain points awaiting Biden at the State of the Union Dueling narratives will be on display in audience of State of the Union
(DBN)

Republicans Just Nominated a Conspiracy Theorist Who Compared Gay People to Maggots
(DBN)

Will Musk bankroll Trump? Billionaire holds meeting with ex-president
(DBN)

Nikki Haley will suspend her campaign, won't immediately endorse Trump, source says
(DBN)

RFK Jr. fuels talk of Libertarian party switch: ‘He’s a rogue punk rocker’
(DBN)

House Republican Says He’s Retiring So He Doesn’t Have to ‘Lie on Behalf’ of Trump and the GOP
(DBN)

Centrist extinction looms as Sinema, Manchin, Romney call it quits Filibuster at serious risk as Sinema begins her Senate exit
(DBN)

The most important governor’s race of 2024 is about to have its own version of Trump
(DBN)

Fighting the GOP Civil War, Texas Style
(DBN)

Mark Cuban calls Trump "snake oil salesperson," praises Biden
(DBN)

Trump ally John Barrasso bows out of Senate GOP’s McConnell succession race
(DBN)

MAGA candidate says only English speakers should be allowed to vote
(DBN)

The New York Times is facing a sustained wave of backlash
(DBN)

Taylor Swift Gets Political in Super Tuesday Message to Her Fans
(DBN)

Sinema won’t run for reelection in Arizona Arizona's Senate race just got a whole lot less interesting following Kyrsten Sinema's decision to retire
(DBN)

Wealth of US Seniors Surged $91,000 in Pandemic on Housing Gains
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Kirkland, Weil Contribute to 118% Uptick in Commercial Chapter 11 Filings
(DBN)

Retail Turmoil: Nearly 30 Retailers File for Bankruptcy in 2023 Amid Economic Challenges
(DBN)

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Settlements:

Eleventh Circuit Upholds Settlement Agreement Obtained Under Threat of Criminal Prosecution
(DBN)

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Involuntary Bankruptcy:

"Must See TV Azteca! Bankruptcy Court Dismisses Involuntary Petition Based on Partially Disputed Claims,"
(DBN)

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Mass Torts:

Latest J&J talc trial ends with hung jury Mistrial Declared in First Post-Bankruptcy Ovarian Cancer Trial Over J&J Talc
(DBN)

Bayer Wins Third Straight Roundup Trial After Many Setbacks
(DBN)

Lawyer for Alex Jones’ InfoWars parent company cites ‘heated exchange’ and nonpayment in bid to abandon bankruptcy case
(DBN)

____________

Aviation:

NCLT Reserves Decision In Aircastle's Insolvency Lawsuit Against SpiceJet
(DBN)

____________

Crypto:

Bankrupt Terraform Labs calls new creditor committee 'illegitimate,' defends Dentons' hire
(DBN)

Crypto Seeks to Make Mark on U.S. Elections During 'Super Tuesday'
(DBN)

Is Crypto Back? What to Know About Bitcoin’s Surge.
(DBN)

Bitcoin Soared to an All-Time High. So Why Aren't Miners Blasting Off, Too?
(DBN)

Terra LUNA Surges 42% Amid TFL Insolvency Proceedings
(DBN)

Economist Claims Bitcoin Will Kill MicroStrategy Despite $6.7 Billion in Profits
(DBN)

Crypto’s $800 Billion Rally Widens Beyond Record-Setting Bitcoin
(DBN)

____________

Maritime:

Can the Panama Canal save itself?
(DBN)

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Non-Profits:

State attorney general watching St. Pete special needs trust’s bankruptcy, accusations founder took $100M
(DBN)

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Utilities:

PREPA bond trustee says plan breaches trust agreement
(DBN)

PREPA hearing begins; deal reached to restructure AES bonds
(DBN)

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Entertainment:

A24’s ‘Civil War’ Movie Provokes Timing Debate Amid Some Fearing Actual Civil War
(DBN)

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Sovereigns:

Why sovereign borrowing could get more expensive
(DBN)

Sri Lankan president says he is seeking to defer loan payments until 2028 amid economic crisis
(DBN)

Ghana Bondholders Demand Sweetener for $13 Billion Debt Deal
(DBN)

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UK:

2024 could see 35,000 businesses enter administration
(DBN)

Budget Crisis Forces UK's Birmingham To Approve Service Cuts, Tax Hikes Birmingham council approves biggest budget cuts in local authority history Do councils spend too much on diversity schemes? Brum workers vote for ‘major escalation’ of equal pay dispute Bankrupt Labour-run Birmingham City Council signs off on wave of 'devastating' cuts and 21% rise in council tax 'We feel like it's us repaying Birmingham's debt' 'London's social housing crisis is about to enter a death spiral' Section 114 notices: Which councils in England are at risk of going bankrupt?
(DBN)

Cash-strapped Britain set to cut taxes for workers as election looms
(DBN)

Rupert Murdoch pulls Fox News-style channel off the air in UK after failing to build an audience
(DBN)

____________

Canada:

Canadian business insolvencies more than double in January, led by bankruptcies
(DBN)

Major Canadian textbook provider files for bankruptcy
(DBN)

Just for Laughs cancels Montreal comedy festival, seeks creditor protection
(DBN)

Canadian mortgage-holders increasingly missed payments in Q4, Equifax says
(DBN)

Niagara Falls tour boat operator files for bankruptcy protection, gets new owner
(DBN)

____________

MENA:

Biden’s rift with Netanyahu grows wider
(DBN)

Israel achieves record $8 billion bond sale despite October 7 attacks and downgrade
(DBN)

Israeli minister lambasted at White House about Gaza and war strategy
(DBN)

As conditions worsen for Palestinians in Gaza, international pressure grows for a deal
(DBN)

Democrats say Rafah invasion "likely" violates U.S. military aid rules
(DBN)

‘It’s not like the movies’: Why delivering aid to Gaza by sea gets complicated quickly
(DBN)

The Houthis Are Very, Very Pleased
(DBN)

____________

Russia:

Too Little Ammunition, Too Many Russians: The Harrowing Retreat from Avdiivka
(DBN)

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Argentina:

In Argentina's barrios, rising poverty stalks Milei's austerity drive
(DBN)

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China:

Investors are rightly treating China like a short-term speculative play, rather than a long-term investment, top economist Mohamed El-Erian says
(DBN)

Country Garden lenders' group hires advisers for debt revamp talks, sources say
(DBN)

Global Funds Cling to China Debt Even as Supply Risk Looms Large
(DBN)

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Kazakhstan:

Kazakhstan to simplify extra-judicial bankruptcy procedure
(DBN)

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South Africa:

10 years in jail for insolvency practitioner
(DBN)

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Haiti:

Haiti violence sees cannibalism, police 'attacked with machetes' as gangs wreak havoc in Port-au-Prince ‘Catastrophic’: US worries Haiti crisis could exacerbate migration
(DBN)

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