May 14, 2024

The Daily Bankruptcy News

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Law:

Partner Profits Took A Big Hit At This Biglaw Firm
(DBN)

Straight, white female alleges BigLaw firm’s job ad for diversity program violated Title VII
(DBN)

Locke Lord Settling Claims It Facilitated Ponzi Scheme... Not The Ponzi Scheme That Sent One Of The Partners To Jail, This Is A Different Ponzi Scheme
(DBN)

A law firm that boasts of being the 'most-feared' in the world is boosting pay for newly qualified London lawyers to $225,500
(DBN)

Partner Rebecca Matthews Joins Frost Brown Todd’s Dallas Office
(DBN)

When Does Acting Aggressively for a Client Become Unethical
(DBN)

Arrest is made in fatal shooting of BigLaw associate at McDonald’s
(DBN)

Dechert’s FBI Meetings Open New Front in Hacking Allegations
(DBN)

Paul Weiss Assessing Value of AI, But Not Yet on Bottom Line
(DBN)

Atlanta Lawyer's Murder Conviction Overturned by Georgia Supreme Court Over Trial Error
(DBN)

Lawyer’s true-crime book explores how he defended a neurodivergent client charged with murder
(DBN)

Unintended Victim Of New Biglaw Recruitment Process? Diversity.
(DBN)

What Happens When Biglaw Recruiting Meets Law Student Activism?
(DBN)

Examining Law School Scholarship Disparities
(DBN)

ABA Issues Ethics Opinion On 30-Year-Old Technology Whose Use Is Waning. My Question: Why Now?
(DBN)

Prosecution will seek to land Trump hush money case today Michael Cohen testifies his job was to do "whatever" Trump wanted Trump’s Lawyers Are Making Major Mistakes Trump Attorney Getting Dragged After Ugly Cross Examination Michael Cohen Tells of Being Trump’s Lawyer, Fixer and ‘Designated Thug’ 'A big family': At Trump trial, Michael Cohen recalls when he and Donald 'Von ShitzInPantz' were co-conspirator besties The Vilification of Michael Cohen Cohen Testifies Trump Told Him to Drag Out Hush-Money Talks: ‘Get Past the Election’ Trump said ‘This is a disaster’ after hearing Stormy Daniels could go public, Michael Cohen testifies Michael Cohen ensnares Trump in Stormy Daniels scheme Cohen: Trump said 'don't worry' about Melania Trump Melania Told Donald How to 'Spin' Affair Story, Michael Cohen Says Cohen Drops Bomb At Trial — Says Trump Didn’t Care If Melania Left Him Because ‘How Long Do You Think I’ll Be On The Market?’ Trump worried 'a lot of women' would come forward after campaign announcement: Cohen What to know about Michael Cohen, who's testifying at Trump's hush money trial 'It's weird!' Onlookers bemused by Michael Cohen's body language in court The weird world of Michael Cohen’s live TikTok streaming Trump nemesis Michael Cohen testifies: 5 takeaways Michael Cohen testimony: Trump "never" sends emails because he's afraid "prosecutors can use" them 'Let me complete the sentence': Michael Cohen's lawyer pushes back on credibility issues Michael Cohen testifies he secretly recorded Trump in lead-up to 2016 election What to know about David Pecker, key figure in Trump's trial David Pecker Mastered ‘Catch and Kill’ Tabloid Deals J.D. Vance, in the Mix to Be Trump’s Running Mate, Joins Him in Court Trump Stays Calm in Court. His Emails Tell a Different Story Alvin Bragg Gets Bad News About Donald Trump's Trial Eric Trump, in the front row of his dad's hush-money trial, bashed Michael Cohen on X while he was on the witness stand Tuberville after attending Trump trial: ‘Most depressing thing I’ve ever been in’ George Conway: Trial is helping Trump; showing his rallies would hurt him With eyes shut, Trump endures testimony from his nemesis Angry Trump blasts judge after Cohen testimony
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Former Donald Trump Aide Slammed Over TikTok Video—'Disgusting and Illegal'
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Donald Trump Jr. visited Peter Navarro in federal prison: Sources
(DBN)

Trump’s Use of Campaign Funds to Pay Legal Bills
(DBN)

Judge Judy Sues National Enquirer Owner For Defamation Over Phony Menendez Brothers Article
(DBN)

Rudy Giuliani Loses Radio Gig, Finds Another Lawsuit
(DBN)

'Substantially true': ABC lawyers say Trump defamation suit against Stephanopoulos must go
(DBN)

Nearly two-thirds of Americans want abortion access: Pew poll Arizona Supreme Court grants stay, preventing 1864 abortion ban from taking effect Texas’s Handmaid’s Tale gives everyone but women reproductive control
(DBN)

DOJ: Democracy and those who protect it "under attack like never before"
(DBN)

Ban on gun possession by felons is unconstitutional as applied to some offenders, 9th Circuit rules
(DBN)

Should You Admit To Committing Federal Crimes On TikTok? Asking For This Absolute Idiot.
(DBN)

What to know about Bob Menendez's corruption trial as jury selection begins Bob Menendez Bribe Trial Over Gold Bars, Cash Begins in New York Menendez trial doesn’t have a full jury yet, but he’s not the main reason why The Damning Evidence in Bob Menendez Trial
(DBN)

A White-Collar Indictment Shatters a Congressman’s Blue-Collar Image Attack a Democrat Charged With Corruption? Republicans Wouldn’t Dare.
(DBN)

Seizures of illicit fentanyl pills have surged
(DBN)

Uber driver accused of breaking into passenger's home, raping her, after dropping her off
(DBN)

Woman on probation for killing her alleged rapist absconded from parole, cops say
(DBN)

Dad killed infant son and child's mom day before court-ordered paternity test
(DBN)

Video shows woman running over man twice with car before kissing and stabbing him: Cops
(DBN)

Teen pushed over port-a-potty with a mom, child inside, cops say
(DBN)

Woman who poisoned airman husband's coffee with bleach avoids jail time
(DBN)

Exclusion of Jewish Jurors Prompts Review of California Death Row Cases
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Judges:

Trump blasts his trial judges. Then his fans call for violence
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Chief Judges Ramp Up Efforts to Bolster Security as Threats Rise
(DBN)

Judge supporting Columbia boycott rules in favor of conservative sites against Biden admin
(DBN)

Judge facing road rage shooting case now similarly accused of drive-by at in-law's house
(DBN)

Ice cream lover ‘stated her case for pistachio pretention,’ federal judge says in refusing to toss suit
(DBN)

The 9 worst court decisions since Trump remade the federal judiciary
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Wall Street:

Stock futures are little changed as investors brace for key inflation reports
(DBN)

Stifel Forecasts S&P 500 Will Drop 10% as Soon as This Quarter
(DBN)

BofA Strategist Hartnett Warns Stock Rally Is Exposed to Stagflation Risk
(DBN)

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Layoffs:

Walmart to reportedly lay off hundreds of corporate staff and relocate others
(DBN)

Tesla Rehires Some Supercharger Workers Weeks After Musk’s Cuts Tesla rescinds offers for full time employees as layoffs continue into 5th week
(DBN)

Indeed announces layoffs for 8% of staff, just over a year after its last layoffs
(DBN)

Red Lobster workers blindsided as seafood chain abruptly closes at least 50 restaurants — including 14 in NY, NJ 'Happened out of nowhere': Red Lobster closures leave employees in the dark
(DBN)

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Sports:

Everton Offered Lifeline Loan as Ownership Crisis Rumbles On
(DBN)

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Tech:

Waymo Robotaxis Doing 50,000 Paid Trips Week Alphabet’s Waymo Probed by US After 22 Autonomous Car Incidents
(DBN)

Artificial Intelligence Buzz Has Faded on Company Earnings Calls
(DBN)

US regulators probe Amazon-backed Zoox after 2 of its cars unexpectedly braked and caused crashes
(DBN)

Deceitful tactics by artificial intelligence exposed: ‘Meta’s AI a master of deception’ in strategy game
(DBN)

OPENAI gives ChatGPT new powers to see, hear
(DBN)

Moment human-like robot tells students to ‘take risks’ in creepy graduation speech – it even responded to ‘haters’
(DBN)

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Autos:

Fisker gets short-term loan to remain afloat
(DBN)

Fisker Troubles Freaked Out Rivian Owners and People Looking To Buy an EV
(DBN)

Tesla's Storing Vast Unsold Inventory In An Abandoned Mall Parking Lot
(DBN)

Biden expected to quadruple tariffs on Chinese EVs Why Biden doesn't want Americans buying cheap Chinese EVs
(DBN)

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Crypto:

UK Crypto Advisory Firm Shuts Down Over Investor Losses, Accounting Neglect
(DBN)

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Infrastructure:

Collapsed Baltimore bridge span brought down with explosives
(DBN)

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Economy:

Americans' inflation expectations are rising
(DBN)

US Small-Business Optimism Increases for First Time This Year
(DBN)

US Inflation, Home Price Expectations Pick Up in NY Fed Survey
(DBN)

Double-digit inflation hits food, health – strains household budgets
(DBN)

Fed’s Jefferson Says Diverse Views Present Messaging Challenge
(DBN)

US Fed Vice Chair Says Interest Rates Should Remain On Pause
(DBN)

Why a debt-fueled US economy is facing a hard landing in 2025, chief economist says
(DBN)

Meet the group preparing for a Soviet Union-type collapse of the US economy
(DBN)

Meet the millennials who made all the right money moves in the pandemic economy — and are suddenly wealthy
(DBN)

You only live once: How the pandemic helped fuel early retirements
(DBN)

Suddenly There Aren’t Enough Babies. The Whole World Is Alarmed.
(DBN)

Hedge Funds Sell Financials as Economic Outlook Sours, Goldman Says
(DBN)

Yellen Hopes China Doesn’t Mount ‘Significant’ Trade Retaliation
(DBN)

For David Solomon, ‘Times Are Good’ for Goldman and US Economy
(DBN)

Memorial Day Road Trips Seen Rising to Record in Post-Covid Boom
(DBN)

In this Spanish town, capitalism actually works for the workers
(DBN)

Experts warn 'silver tsunami' poses threat to the economy as over-65s are set to outnumber children by 2030 | Daily Mail Online
(DBN)

Trump has promised an immigration crackdown if reelected. That could backfire on the economy
(DBN)

Trump: Tax Cuts for Everyone
(DBN)

Biden administration to increase tariffs on Chinese electric cars to 100 percent Trump sees Biden’s China tariffs, and raises him Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Over 1 in 3 U.S. homes are bought with cash
(DBN)

Mortgage companies could intensify the next recession, US officials warn
(DBN)

Here’s how much housing prices have skyrocketed over the last 50 years
(DBN)

CMBS SASB Market Braces for $62B in Loan Maturities: Report
(DBN)

Corporate real estate is on a 'cliff edge' as firms race to rethink communal spaces
(DBN)

Home prices are overvalued in much of the U.S. — with these 5 states leading the list
(DBN)

Renters need to make 36% more than in pre-COVID years to afford today's average rent, Zillow says
(DBN)

Austin Housing Market Interest for Second Homes Collapses
(DBN)

Homeowners Tear Down House After Squatters Take Over
(DBN)

Biden blocks Chinese-backed crypto mining firm from land ownership near Wyoming missile base
(DBN)

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Oil/Gas:

What EU Sanctions on Russian LNG Would Mean for Global Gas
(DBN)

Battery costs have dropped 90% in under 15 years giving renewables a boost, new IEA report reveals
(DBN)

Looking for EV sales growth? Check the used market
(DBN)

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Food/Beverage:

Red Lobster is closing dozens of restaurants and auctioning off equipment Red Lobster to close at least 48 restaurants after ‘endless shrimp’ debacle Red Lobster Map Shows Latest Abrupt Closures
(DBN)

Applebee’s closing 35 locations across the U.S. in 2024
(DBN)

Food Inflation Hurting Some QSRs
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Healthcare:

Employers facing rising health care costs get tough on providers
(DBN)

225 Docket Entries in 7 Days in Case Where AGs Want Bankruptcy Investigated The state watched from the sidelines as Steward collapsed. Here’s how Beacon Hill could prevent another crisis.
(DBN)

Why Medical Properties Trust jumped 17% on Monday
(DBN)

Louisiana moves to make abortion pills ‘controlled dangerous substances’
(DBN)

Tennessee woman denied abortion after fetus’ ‘brain not attached’ slams state ban
(DBN)

What the results of Wegovy’s longest clinical trial show about weight loss
(DBN)

Biden Administration Extends ACA Coverage Eligibility To DACA Recipients
(DBN)

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Banking:

Dimon Met With Texas AG as State Bans Banks Over ESG Policies
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Fraud:

Kabbage Inc. Agrees to Resolve Allegations That the Company Defrauded the Paycheck Protection Program
(DBN)

Bill Hwang trial over $36 billion Archegos collapse begins with opening statements
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Personal Finance:

‘Wealth can be pretty isolating’: Problems that rich people face, according to therapists
(DBN)

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Corporate Reform:

Big fines aren’t burdensome for many companies, analysis finds
(DBN)


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Celebs:

Bankrupt Katie Price to move into caravan with boyfriend after eviction from Mucky Mansion
(DBN)

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Politics:

Trump leads Biden in five swing states, new polls show Trump maintains narrow lead in key battleground states, NYT poll finds Van Jones: Trump-Biden poll ‘a wake-up call’ for Dems Why Biden Is Likely to Dismiss the Latest Bad Poll for Him Biden’s polling denial: Why he doesn't believe he's behind Biden Gaining on Trump in All But One Key Battleground State
(DBN)

Historian Who Called the Last 9 of 10 Presidential Elections Reveals This Cycle’s Pick
(DBN)

Trump bizarrely praises 'the late great Hannibal Lecter' as a 'wonderful man'
(DBN)

Democrats Hold Leads in 4 Crucial Races That Could Decide Senate Control
(DBN)

Biden’s Approval Is Low, Except Compared With Everyone Else’s
(DBN)

Biden Promised Normal. Do Voters Want His Version of It?
(DBN)

Biden and Trump split screen: "Unhinged" and "Hannibal Lecter"
(DBN)

Trump’s ‘Sore Loser Syndrome’ is spreading throughout the Republican Party Suppose Democrats Insisted They Wouldn't Accept The Results Of Elections
(DBN)

GOP senators see warning signs for Trump after embarrassing week
(DBN)

Ex-Biden Official Removing Parts of Book After Getting Called Out
(DBN)

Listen to Republicans on whether they'll accept 2024 election results
(DBN)

Charted: What Americans most remember — and forget — about Trump's presidency
(DBN)

Secret Service notified as Trump aide brags about 'causing innocent people to be arrested'
(DBN)

McConnell pushes Secret Service to move RNC protesters farther away
(DBN)

2 more tribes ban Noem after drug cartel comments
(DBN)

RFK Jr. is defying the odds — against getting on ballots around the country
(DBN)

Convicted child sex offender voted illegally at least 18 times: Police
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 new filings today)
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Recent Ch. 11/9/12/15 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Mass Torts:

Supreme Court declines to hear two-step bankruptcy case that drew Senate attention
(DBN)

Johnson & Johnson Sues Plaintiffs' Talc Experts Accused of 'Widespread Deception'
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Executory Contracts:

Bankruptcy Court Grants Motion of Franchisee Debtor to Reject Franchise Agreement, Concludes Noncompete and Confidentiality Provisions Enforceable Post-Rejection
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Meme Stocks:

GameStop, AMC shares jump another 50% in premarket trading as meme stock craze returns GameStop Trader ‘Roaring Kitty’ Return Drives Crypto Meme Coin Frenzy Traders Picked Up GameStop Options Ahead of ‘Roaring Kitty’ Hype GameStop Shorts Dealt $1.4 Billion Paper Losses in Meme Revival GameStop's 118% spike is its biggest in 3-plus years after Roaring Kitty returns with a meme GameStop and AMC stocks surge like it's 2021
(DBN)

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Aviation:

Airlines Sue US Transportation Department Over Rules Requiring Fee Disclosures
(DBN)

Musk's SpaceX is quick to build in Texas, slow to pay its bills
(DBN)

EasyJet chaos as 30 drunks rampage and threaten to urinate on floor
(DBN)

Lessors left stranded as NCLT defers Go First insolvency hearing to July 11
(DBN)

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Hedge Funds:

How One of the World's Oldest Hedge Funds Went Bankrupt
(DBN)

Hedge Fund Manager Phillips Doesn’t Deserve Prison, Lawyers Say
(DBN)

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Climate:

Foreboding preview: Global spate of weather extremes precedes risky summer
(DBN)

Wildfires may be emitting more carbon and toxic chemicals than assumed, by changing soil composition: Study
(DBN)

First major wildfires of Canada's season hit northern U.S. air quality
(DBN)

US Energy Regulator Issues Rules to Plan and Pay For Power Grid
(DBN)

The changing climate of U.S.-China relations
(DBN)

Hotter seas meet weakening climate goals
(DBN)

China’s $4 Billion Lychee Harvest Devastated by Extreme Weather
(DBN)

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Utilities:

Puerto Rico board says new PREPA forecasts shouldn't be considered
(DBN)

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Toys:

KidKraft files for Chapter 11 bankruptcy
(DBN)

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Retailing:

Former Bed Bath & Beyond sues Hudson Bay investors for $300M
(DBN)

Store closures are surging this year. Here are the retailers shuttering the most locations.
(DBN)

Ted Baker’s U.S. stores to close Luxury apparel chain shuts U.S. stores in Chapter 15 bankruptcy
(DBN)

Retail sales inch up in April led by building supply/garden supply stores
(DBN)

Major retailers see store visits rise in Q1
(DBN)

Denmark, U.S. tops in highest average yearly online spending
(DBN)

California Considers Limits on Self-Service Checkout
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Education:

Nearly half of master’s degrees have a negative ROI
(DBN)

School segregation surges 70 years after Brown v. Board ruling
(DBN)

Top Republican donors fund group doxxing pro-Palestinian college students
(DBN)

‘Divest from Israel’: Easy slogan, challenging for universities
(DBN)

UNC board votes to cut DEI funding
(DBN)

Kansas City Chiefs kicker blasts Biden, pro-choice movement in commencement speech
(DBN)

Mississippi governor signs transgender bathroom ban in public schools
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Sovereigns:

Milei Wins Support of IMF Staff to Unlock About $800 Million Argentina will get next installment of bailout as IMF praises Milei's austerity policies
(DBN)

IMF’s Georgieva Urges Zambia’s Bondholders to Approve Revamp
(DBN)

Olive Oil Windfall Becomes Lifeline for Tunisia With IMF on Hold
(DBN)

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UK:

UK Housing Rents Driven by Record Migration, Analysis Finds
(DBN)

UK Unemployment Rate Rises to Highest Since Last Summer
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EU:

Euro Zone Wage Concerns Keep ECB Cautious on Rate Cuts
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Canada:

Luxury retailer Ted Baker begins store-closing liquidation sales
(DBN)

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MENA:

A history of U.S. presidents drawing red lines with Israel
(DBN)

White House opposes House bill to force Israeli arm shipments
(DBN)

Why many American Jews are deeply conflicted about Israel’s war
(DBN)

Misery deepens in Gaza’s Rafah as Israeli troops press operation Israel Deepens Offensive in Rafah Palestinians mark 76 years of dispossession as a potentially even larger catastrophe unfolds in Gaza Israel, Hamas Talks Hit Impasse After Rafah Move, Says Qatar PM
(DBN)

‘Total outrage’: White House condemns Israeli settlers’ attack on Gaza aid trucks
(DBN)

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Russia:

Russia is exploiting Ukraine's lack of manpower to thin out the front line and seek a breakthrough, military expert says Ukraine Sends Forces to Halt Russia’s Advance in Kharkiv Region What to Know About Russia’s Offensive in Ukraine’s Northeast Ukraine finds itself in a grave situation. Russia appears to be advancing Ukraine Military Spy Chief Says Russian Kharkiv Push Has Slowed
(DBN)

Blinken visits Ukraine as Russian forces step up Kharkiv assault Zelenskiy Asks Blinken for Patriot Air Defenses for Kharkiv
(DBN)

Putin’s New War Weapon: An Economist Managing the Military
(DBN)

North Korea Suspected of Sending 1970s Weapons to Russia
(DBN)

Russia on the brink as Vladimir Putin's men slaughtered during worst day of the war so far
(DBN)

Russia arrests another senior Defense Ministry official in bribery charges amid broader shake-up
(DBN)

Biden signs law banning imports of Russian uranium
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China:

China is kicking off a $138 billion bond sale to help boost its flagging economy
(DBN)

Chinese Builder Agile Defaults for First Time on Dollar Bonds
(DBN)

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Germany:

German Investor Confidence Jumps as Economic Recovery Takes Hold
(DBN)

Germany Can Monitor AfD as Threat to Democracy, Court Rules
(DBN)

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India:

Untangling Legal Knot: SC’s Ruling On “Security Deposits” As Financial Or Operational Debt Under IBC
(DBN)

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Libya:

Libya Arrests Customs Officers for Smuggling $2 Billion of Gold
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