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May 1, 2024

The Daily Bankruptcy News

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Law:

A&O Shearman Launch Tests Firm’s Ability to Crack Big Law Elite A&O Shearman Merger Shock Waves Ripple Through UK’s Magic Circle
(DBN)

Top Biglaw Firm Plans To Break Away From Its 170-Lawyer Offices In Greater China
(DBN)

This Biglaw Firm Had A Banger 2023
(DBN)

Less litigation, more practical skills in law school needed, junior associates say
(DBN)

Cravath's New Digs
(DBN)

Clark Hill was ‘duped by an obvious scam,’ costing its client $1.1M, suit alleges
(DBN)

So What Is Actually Working With GenAI?
(DBN)

Jones Day Leads in Supreme Court Arguments With New Faces
(DBN)

Immigration law firm will expand nearly 10% with addition of Seyfarth Shaw team
(DBN)

Hermès To Mount 'Vigorous' Defense In Hot Antitrust Mess Over Birkin Bags
(DBN)

5 takeaways from Trump’s hush money trial Tuesday Fact check Trump’s misleading claim about the judge and ‘advice of counsel’ Appeals court once again refuses to pause Trump's ongoing hush-money trial Donald Trump held in contempt for violating gag order in New York trial Judge threatens jail time if Trump violates gag order again Judge’s Contempt Punishment Takes Aim at Trump’s Tendency to Lie Why a defense attorney thinks Judge Merchan didn’t jail Trump over gag order Trump, Venting About Lawyer in His Criminal Trial, Seeks More Aggression Bombshell texts show tabloid editor calling Stormy Daniels story ‘final nail in the coffin’ Even if Trump can’t stay awake this week, the jury will have reason to Brutal MSNBC Report On Trump Sleeping In Court ‘A Lot’: Lawyers Trying ‘Different Devices To Keep Trump Awake’ Prosecutors detail how the transfers to Stormy Daniels went through an LLC Keith Davidson, Who Represented Women From Trump’s Past, Testifies at Trial Michael Cohen's former banker guides jury through Stormy Daniels payment in Trump trial Prosecutors can't ask Stormy Daniels and Michael Cohen about Trump's 'consciousness of guilt,' judge rules How Trump Prosecutors Used C-SPAN to Inform Jurors of Sex Assault Claims Trump Can Attend Son’s High School Graduation in Florida Trump says he should be on the campaign trail instead of in court. Hear where he is on his off days
(DBN)

Trump Wants to Prosecute Biden. He Also Thinks Presidents Deserve Immunity.
(DBN)

Stefanik files ethics complaint against Jack Smith
(DBN)

Michigan AG executes search warrants on Google and X in ongoing 2020 fake electors probe
(DBN)

Trump DOJ lawyer behind fake electors plot should be disbarred, disciplinary panel says
(DBN)

Judge gives Trump until fall to provide 'immunity related discovery' in Jan. 6 civil case
(DBN)

Judge Hands Donald Trump the Delay He Wanted
(DBN)

Florida man who called his Jan. 6 arrest 'a bit overdramatic' faces years in prison
(DBN)

Fox News Hits Back at Hunter Biden’s Legal Threats Citing ‘Constitutionally Protected Coverage’ Fox News takes down Hunter Biden ‘mock trial’ miniseries after lawsuit threat Hunter Biden enlists Jussie Smollett lawyer to threaten Fox News with defamation lawsuit
(DBN)

Former Secret Service agent sues New York Post and Daily Mail over Hunter Biden claim
(DBN)

Harvey Weinstein lawyer says overturned 'rigged' NY rape conviction should undo LA verdict
(DBN)

New Details of Timeline in Charlotte Mass Shooting That Killed 4 Officers
(DBN)

Feds Removed ‘250 Cameras’ From Diddy’s Homes, New Documentary Claims
(DBN)

The California man who hid for 6 months in a secret room inside Circuit City
(DBN)

Texas Bishop Taking on Greg Abbott Gets Pope Francis' Protection
(DBN)

Antisemitic material left outside New Jersey homes, Jewish community center
(DBN)

Florida 3-year-old shoots himself in the foot with school officer mom's gun
(DBN)

No charges after bodies of 4 babies ‘frozen solid’ found stored in mother’s freezer
(DBN)

Man says he shot at wife to scare her, fired another shot to 'wake' her up: Cops
(DBN)

Federal judge tosses lawsuit of Honolulu man seeking anti-BLM vanity plate
(DBN)

War Zone Surveillance Technology Is Hitting American Streets
(DBN)

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Judges:

How Four Judges Kept Romance Allegations Quiet for Two Years Sex, Secrets Trigger Downfall of Star Texas Bankruptcy Judge
(DBN)

Victims of harassment by federal judges often find the judiciary is above the law
(DBN)

Shirtless judge called out for cursing out neighbors, shoving cop who tried to arrest wife
(DBN)

When judges get free trips to luxury resorts, disclosure is spotty
(DBN)

N.Y. Criminal Justice Group to Push for More Scrutiny of Judges
(DBN)

Black retired judge who flew first class says flight attendant ordered her to use coach restroom
(DBN)

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Wall Street:

S&P 500 futures fall as Wall Street braces for Fed rate decision
(DBN)

Here’s everything to expect from the Fed that will move markets on Wednesday
(DBN)

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Layoffs:

"Everyone is in complete shock": Tesla cuts nearly all Supercharger employees Elon Musk isn't even close to being done with his 'absolutely hard core' slashing of Tesla's headcount
(DBN)

1 in 4 Americans fear losing their job this year — what’s causing it?
(DBN)

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Sports:

Comcast and Diamond Sports Group Carriage Talks Devolve Into Blackout Comcast drops Bally Sports North, won't air Minnesota Twins games amid contract dispute
(DBN)

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Education:

Two More Colleges Announce They’re Closing As Pandemic’s Costs Linger
(DBN)

Fury as Columbia University protesters stage insurrection-like takeover of Hamilton Hall after ignoring deadline to leave encampment.. but will they be arrested? Columbia protesters occupying hall face expulsion as school begins suspending other students New video shows what happened when NYPD entered Hamilton Hall Panicked pro-Palestine protesters fall down the stairs as they try to flee hundreds of NYPD riot cops swooping on occupied Columbia University building and huge encampment: At least 50 are arrested NYPD clears Columbia protests; UCLA erupts White House condemns Columbia building takeover as ‘not peaceful,’ calls ‘intifada’ banner ‘hate speech’ Student protests at Columbia University escalate with Hamilton Hall occupation Columbia Protesters Rename Hamilton Hall to ‘Hind’s Hall’ Hamilton Hall Has a Long History of Student Takeovers Columbia students denied access to dining halls, food as pro-terror rioters force campus lockdown Columbia student’s lawyer ‘There are straight-out calls for the genocide of Jews’ Screens Playing Loop of Hamas Oct. 7 Attacks Erected Facing Campus Protests Police Arrest 25 Protesters at Cal Poly Humboldt, Ending Building Takeover Campus protesters are calling for divestment. Here’s what it means Latino students are key part of pro-Palestine encampment protests The long history of older and younger people not seeing eye to eye Why some colleges aren’t arresting pro-Palestinian protesters GOP senator suggests DOJ prosecute pro-Palestine student protesters College Democrats Back Protests and Criticize Biden’s Israel Policy A Small Campus in the Redwoods Has the Nation’s Most Entrenched Protest Clashes at UCLA pro-Palestinian protests in US campus unrest National unity was already fragile – then along came campus protests
(DBN)

Trump: Netanyahu 'rightfully has been criticized' for Oct. 7 attack
(DBN)

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Private Equity:

Apollo Accused in Lawsuit of Illegal Human Life Wagering Scheme
(DBN)

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Tech:

Americans’ Views of Technology Companies
(DBN)

Americans Don't Trust Self Driving Big Rigs
(DBN)

The Worst AI Nightmares Have Nothing To Do With Hallucinations
(DBN)

Major U.S. newspapers sue OpenAI, Microsoft for copyright infringement
(DBN)

AI priest defrocked after taking confession and saying babies could be baptized in Gatorade
(DBN)

Researchers uncover servers filled with government secrets
(DBN)

That Strange Piece of Metal Origami Embodies All Elon Musk’s Flaws
(DBN)

Donald Trump just got another $1.8 billion worth of Trump Media stock Trump Media insider trading trial begins with co-founder testifying, ‘I’ve never been paid at all’
(DBN)

How working for Big Tech lost ‘dream job’ status
(DBN)

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Mining:

Minerals Technologies Inc. Announces Completion of Sale of Subsidiary’s Talc Business
(DBN)

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Economy:

U.S. consumer confidence drops to its lowest level in nearly two years Consumer confidence drops to 21-month low due to worries about food and gas prices
(DBN)

High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.
(DBN)

Fed to Signal Delay of Interest-Rate Cuts
(DBN)

Traders Count Down to Fed With No Relief in Sight for Bonds
(DBN)

3 issues that could make or break the US economy over the next year, according to top economist Mohamed El-Erian
(DBN)

Americans’ pay gains rose faster than expected so far this year Signs of lingering inflation: Worker pay pressures persist
(DBN)

Why we keep seeing egg prices spike
(DBN)

Gallup: Immigration Named Top Problem for Third Straight Month
(DBN)

Biden directs spy agencies to share more intelligence with private sector over China, Russia threats
(DBN)

California finally reverses its population-loss streak
(DBN)

Target's CEO made 719 times the median employee's pay last year
(DBN)

How Washington Should Manage Rising Middle Powers
(DBN)

European Commission sells half its offices as staff continue to work from home
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

U.S. Trustee Program Obtains Sanctions Against Consumer Bankruptcy Attorneys Involved in Real Estate Schemes
(DBN)

Making Lemonade from Lemons: A Mortgage Lender's Guide to Successful Loan Workouts, Part 1
(DBN)

Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates
(DBN)

MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

HVS: Q1 2024 Homeownership and Vacancy Rates
(DBN)

Case-Shiller: National House Price Index Up 6.4% year-over-year in February Comments on February House Prices, FHFA: House Prices Up 7.0% YoY
(DBN)

Adam Neumann got cut out of WeWork's restructuring plan
(DBN)

After decades of inaction, states are finally stepping up on housing
(DBN)

California housing crisis so bad once-modest towns have become 'million-dollar cities' These are the California cities where $150,000 still buys you a home. Could you live here?
(DBN)

Screwed-Over Home Sellers Can’t Have Any Of Warren Buffett’s Giant Pile Of Cash
(DBN)

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Oil/Gas:

Democrats unveil Big Oil report after 3-year investigation
(DBN)

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Healthcare:

Healthcare is now a prime target for ransomware hackers
(DBN)

Walmart will close all of its health care clinics
(DBN)

Florida's 6-week abortion ban is now in effect, curbing access across the South
(DBN)

Spikes of flu virus in wastewater raise questions about spread of bird flu
(DBN)

Could bird flu cause a human pandemic?
(DBN)

Norovirus outbreaks linked to 2 cruise ships with over 150 infected
(DBN)

Wisconsin high school football coach unable to get chemo due to shortage dies at 60
(DBN)

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Labor:

Unionization vote at Tennessee VW plant certified
(DBN)

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Agribusiness:

US to test ground beef in states with bird-flu outbreaks in dairy cows
(DBN)

Cows Are Just an Environmental Disaster
(DBN)

Tyson Foods dumps millions of pounds of toxic pollutants into US rivers and lakes
(DBN)

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Student Debt:

More than 1 million student-loan borrowers could soon be transferred to a new company after their servicer requested a lighter load, the Education Department says
(DBN)

Biden to cancel $6 billion in student debt for borrowers misled by The Art Institutes, a former for-profit college group
(DBN)

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Entertainment:

Paramount Faces a Mountain of Questions ‘Rearranging deck chairs on the Titanic’? Analysts have questions and doubts after Paramount CEO Bakish’s ouster As Paramount Drama Kicks Into High Gear, Wall Street Tries to Make Sense of “Volatile” Stock
(DBN)

From Max to Min
(DBN)

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Delivery:

Getir, a Rapid Grocery-Delivery Service, Exits the U.S. and Europe
(DBN)

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Crypto:

Even as He Faces Prison Time, Binance’s Founder Plans a Comeback Binance Founder Changpeng 'CZ' Zhao Sentenced to 4 Months in Prison ‘I failed’: Crypto king with a $62b fortune sent to jail
(DBN)

'Bitcoin Jesus' arrested in Spain on US tax evasion charges
(DBN)

Bitcoin Faces Worst Month Since FTX Crash With ETF Demand Cooling
(DBN)

US Court Sets May Hearing for Terraform Labs, Do Kwon Remedies
(DBN)

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Personal Finance:

A viral theory on TikTok says nice people don't get promoted. But experts disagree.
(DBN)

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Utilities:

PREPA bondholders ask greater payment capacity evidence to be heard
(DBN)

Lawmakers Rejected A Bill To Bail Out HECO. Now What? State Sen. Keohokalole talks HECO securitization, bankruptcy concerns
(DBN)

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Fraud:

Prime Capital Ventures owner's effort to hire defense lawyer gets pushback in bankruptcy court
(DBN)

Trustee says Roglieri cannot pay debts: 'No job, no income and no prospects'
(DBN)

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Food/Beverage:

Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
(DBN)

Endless Shrimp didn't sink Red Lobster. Wall Street did.
(DBN)

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Climate:

Biden Administration Moves to Speed Up Permits for Clean Energy
(DBN)

G7 Agrees to End Coal Use by 2035
(DBN)

Have the world’s coral reefs already crossed a tipping point?
(DBN)

Gas Prices Are Putting Washington’s Boldest Climate Policy at Risk
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (30 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

150 People Sue, Saying They Were Abused as Minors in N.Y.C. Custody
(DBN)

J&J Seeks Backing for $11 Billion Baby Powder Cancer Deal J&J advances $6.475 billion settlement of talc cancer lawsuits J&J subsidiary proposes paying about $6.48B over 25 years to settle talc ovarian cancer lawsuits
(DBN)

Clergy sex abuse cases could bankrupt Archdiocese of NY: attorney
(DBN)

New Orleans archdiocese is target of child sex-trafficking inquiry, officials say
(DBN)

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Litigation Finance:

Litigation Finance Limits Advance in Louisiana With New Governor
(DBN)

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Aviation:

Japan Airlines flight canceled after captain got drunk, "disorderly" at hotel
(DBN)

Go First Bankruptcy: Lenders Of Troubled Airline To Meet This Week To Weigh Liquidation
(DBN)

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Celebs:

Bill Romanowski, wife file for bankruptcy amid DOJ lawsuit over unpaid taxes
(DBN)

Double bankrupt Katie Price dishing out relationship advice for £120 per minute – but fans brand her ‘a hypocrite’
(DBN)

Boris Becker no longer bankrupt as judge rules in favor of tennis legend
(DBN)

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Cannabis:

DEA to reclassify marijuana, easing restrictions nationwide
(DBN)

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UK:

Why Britain’s towns and cities are going bust How Birmingham city council ended up in financial crisis: a timeline Birmingham city council accused of basing drastic cuts on ‘imagined’ data
(DBN)

UK House Prices Fall Again After Mortgage Rates Creep Higher
(DBN)

Trade body R3 reveals unexpected drop in March insolvency figures
(DBN)

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Politics:

More than 80% of Americans believe elected officials don’t care what people like them think
(DBN)

Judges block Louisiana's congressional map. A Supreme Court appeal is likely
(DBN)

Trump is set to log his most intense campaign travel in weeks – all between court dates
(DBN)

Trump says Republicans always wanted to leave abortion law to states. That's false.
(DBN)

Obama says Trump ‘not considered a serious guy’ in New York
(DBN)enter

Voters’ views of Trump and Biden differ sharply by religion
(DBN)

Political center revolts against fringe, as leaders rebuke Greene, protesters
(DBN)

How Far Trump Would Go FactCheck of Time Interview Trump’s most revealing quotes yet on what he’ll do if he wins in 2024 Biden and Democrats Seize on Trump’s Striking Interview Trump to Use Military for Mass Deportations Trump Again Vows Mass Deportations and Won’t Rule Out Political Violence Trump on political violence in 2024: 'If we don't win, you know, it depends'
(DBN)

RFK Jr. Is a Huge Help to Trump in Swing States
(DBN)

Black Entrepreneurs, Frustrated by High Rates, Look to the Election
(DBN)

House Democrats announce they would save Speaker Mike Johnson if Marjorie Taylor Greene triggers her effort to oust him Inside House Democrats' decision to save Mike Johnson Greene vows to move ahead on Johnson ouster vote after Democrats promise to save him
(DBN)

After Ukraine Aid Vote, Republicans Braced for Backlash Find Little
(DBN)

Ilhan Omar Plunges Into Democrats’ Political Storm Over War in Gaza
(DBN)

Michael Moore Sends Stern Warning to Biden on CNN: ‘His Chance at Not Being Reelected Is So Great’
(DBN)

Who is Kristi Noem trying to impress by bragging about killing her dog?
(DBN)

Just when you think the Arizona Republican Party couldn't get any crazier ...
(DBN)

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UK:

UKJT releases Legal Statement on Digital Assets and English Insolvency Law
(DBN)

Significant drop in insolvencies in the south, claims R3
(DBN)

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MENA:

New UAE Bankruptcy Law: Will company managers too be held liable for high-risk decisions?
(DBN)

As Israel waits for Hamas’ response to new ceasefire deal, Netanyahu warns of Rafah operation ‘with or without a deal’ Von der Leyen to Israel: Don't Attack Rafah Israel Prepares to Send Delegation to Cairo for Last-Chance Gaza Cease-Fire Talks
(DBN)

Images show US military building floating pier off Gaza. Pentagon says it will cost $320 million
(DBN)

A growing share of Americans have little or no confidence in Netanyahu
(DBN)

Amnesty International calls for Biden to ‘immediately suspend’ weapons transfers to Israel
(DBN)

Blinken Arrives in Jordan to Discuss Aid for Gaza In Israel, Blinken set to push Netanyahu for sustained aid into Gaza
(DBN)

What consequences could ICC warrant have for Netanyahu? Bibi Asks Biden to Help Quash ICC Arrest Warrants
(DBN)

Saudi Arabia is desperately trying to convince everyone that Neom megaproject is going just fine
(DBN)

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Russia:

The 4 ways Russia’s war could end
(DBN)

In a ‘meat grinder’ of a war, Russian and Ukrainian casualties rise
(DBN)

Exhausted Ukrainian soldiers need more troops on the front line, not just more artillery, says former US general
(DBN)

NATO Prepares to Face Russia—and Problems of Its Own
(DBN)

What Do Russians Really Think About Putin’s War?
(DBN)

Russian forces have hit on a cheap way to foil US precision weapons in Ukraine
(DBN)

Weird Russian Stunt Sending Peacocks to the Frontline Backfires
(DBN)

Ukraine is building underground stores and bunkers to protect F-16s as the jets' arrival moves closer
(DBN)

How US special operators are training Ukranians—and what they’re learning in return
(DBN)

98-year-old Ukrainian woman treks miles under shelling to escape Russian forces
(DBN)

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China:

China May Be Preparing To Deploy Economic 'Nuclear Option'
(DBN)

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Australia:

Are surging bankruptcy rates in Australia boosting SME M&A activity?
(DBN)

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India:

Cross-border insolvency plan may be put on the backburner
(DBN)

PSBs told to speed up recovery at tribunals
(DBN)

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