May 15, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Clare Locke Notches Win in $7 Million Fee Fight With Ex-Client
(DBN)

Davis Wright Tremaine's DEI Chief Yusuf Zakir Shares Thoughts On The Need For Diversity
(DBN)

Suit accuses BigLaw partner of ‘regurgitating’ claims of con artist who claimed to be CIA agent
(DBN)

Boosted by Energy Work, Bracewell Grew Revenue by 7.6%, PEP by 11.4% in 2023
(DBN)

The State Of Small Law Firms In An Era Of Change
(DBN)

Litigation At Latham—And 4 Trends It Reflects
(DBN)

Prosecutors excluded Jewish people from juries in one California county for decades, review suggests
(DBN)

Move Over Kim Kardashian, Another Reality TV Star Has Legal Aspirations
(DBN)

The California Bar Is Flat Broke And Its Plan To Fix This Involves Throwing Out The Existing Bar Exam
(DBN)

Clinical law prof who worked for social justice killed in triple murder
(DBN)

‘If you want to activate your brain, try going to law school,’ says retiree who graduated with son
(DBN)

Employer health plan’s exclusion for gender-affirming care violates Title VII, 11th Circuit rules
(DBN)

'Jury is taking notice': Ex-aide says Trump GOP allies' court appearance hurts his case Michael Cohen mostly fends off cross-examination that quickly went off the rails Trump’s lawyer confronted Michael Cohen with a bang (and an expletive). Then things fizzled. Fiery cross-examination of Michael Cohen sees blistering Trump attorney questioning Michael Cohen admits calling Trump ‘Cheeto-dusted cartoon villain’ as ex-prez’s lawyers try to paint him as scorned, lying hater Defense tactics raise eyebrows in Cohen cross-examination Trump's lawyers assail estranged fixer Michael Cohen's credibility at hush money trial Liz Cheney drops the mic on Mike Johnson for attending Trump's hush-money trial Mike Johnson leaves Trump's trial to complain he can't hold press conference inside Hearsay Nerds Have Their Moment In The Sun During Testimony Of Michael Cohen Judge may hold hearing on whether Trump is directing officials to break gag order: expert Trump told Cohen after FBI raid ‘Don’t worry, I’m the president of the United States,’ ex-fixer testifies The increasingly embarrassing details at Trump’s trialThe Michael Cohen who testified Monday was not the witness anyone expectedMichael Cohen Testifies Trump Told Him Federal Election Probe Would Be ‘Taken Care Of’ By His AG Jeff Sessions Cohen details Trump ‘pressure campaign’ during FBI investigation: ‘Don’t flip’ Michael Cohen tells hush-money jury of phoney invoices to cover up payment Cohen to Haberman: ‘Please start writing and I will call you soon’ Michael Cohen on Working for Trump: ‘I Violated My Moral Compass.’ Michael Cohen says he barely did any legal work for Trump in 2017 — but got paid anyway Michael Cohen testifies about how his Trump ties were not all they were cracked up to be Check stubs, fake receipts, blind loyalty: Cohen offers inside knowledge in Trump’s hush money trial Star witness Michael Cohen says Trump was intimately involved in all aspects of hush money scheme Speaker Mike Johnson’s appearance at Trump’s felony trial marks a remarkable moment in US politics Mike Johnson defends Trump outside N.Y. criminal trial Mike Johnson comes to Trump’s defense Scaramucci labels Vance, Tuberville ‘spineless sycophants’ after senators appear at Trump courthouse The hot new GOP club is at Trump’s New York trial Trump’s Newest Loyalty Test: Attending His NY Criminal Trial Stormy Daniels Feared for Her Life at Trump Trial ... Sported Bulletproof Vest How To Survive Cross Like A Porn Star
(DBN)

New York appeals court upholds gag order in Trump hush money case Appeals court pointedly refuses to lift Trump gag order in hush-money case
(DBN)

Trump takes shot at Jewish Democrats — calling out Alan Dershowitz by name — in fiery post-court remarks: ‘Ought to have your brain examined’
(DBN)

Former Situation Room officer: Pence came ‘close’ to being killed on Jan. 6
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'Did not happen': GOP release of new Jan. 6 footage blows up their 'biggest lie': reporter
(DBN)

Georgia DA Fani Willis defiant on the campaign trail as Trump case sits at a standstill
(DBN)

Judge Judy Adds To National Enquirer Woes Filing Defamation Suit As Publication Reels From Trump Trial
(DBN)

Judge rejects Hunter Biden’s bid to delay his June trial on gun charges Hunter Biden loses latest bid to delay trial even as lawyer pleads he isn’t ready 'It was me and a crack pipe': Special counsel wants to use book against Hunter Biden Biden aides worry about psychological torment as Hunter heads for trial
(DBN)

'Disturbed' bankruptcy judge rejects Giuliani's bid to appeal $148 million judgment Giuliani Bankruptcy Nears Turning Point as Judge Rues Slow Pace Trump's former lawyer Giuliani stumbles in bid to appeal defamation ruling Giuliani pal accuses defamed Georgia election workers of 'very telling' appeal objection Giuliani bankruptcy judge frustrated with case, rebuffs attempt to challenge $148 million judgment
(DBN)

DOJ tells judge Steve Bannon can no longer avoid starting prison for contempt convictions
(DBN)

Diddy’s Son King Combs Blasts Feds, 50 Cent and Bloggers in New Diss Track
(DBN)

FBI warns ISIS could attack Pride Month events in June
(DBN)

American sought after ‘So I raped you’ Facebook message detained in France on 2021 warrant
(DBN)

AP Investigation: In hundreds of deadly police encounters, officers broke multiple safety guidelines
(DBN)

FBI: Fewer law enforcement killed in 2023, but attacks on the rise
(DBN)

US states sue over EEOC's policy on transgender workers
(DBN)

Anxiety grows among Democrats over Biden border issues
(DBN)

AT&T paid bribes to get two major pieces of legislation passed, US gov’t says
(DBN)

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

Arizona Supreme Court delays 1864 abortion ban's enforcement
(DBN)

Woman who yanked down teen's skirt for being too short appears shocked by arrest
(DBN)

Migrants charged in attack on NYPD cops in Times Square offered plea deals, including one who was re-arrested
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Judges:

Jackson Walker Seeks Sanctions, Dismissal of Judge Romance Suit
(DBN)

‘Tacos are Mexican-style sandwiches,’ judge rules in Indiana court
(DBN)

The messy SCOTUS drama about Black voters in Louisiana, explained
(DBN)

Wisconsin judge throws Alito's words back to conservative lawyer in ballot drop box case
(DBN)

Delaware Courts, Touting Diversity Progress, See Long Road Ahead
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Wall Street:

Stock futures are little changed as Wall Street readies for key inflation report
(DBN)

S&P 500 Is Going Nowhere Through Year-End, Goldman’s Kostin Says
(DBN)

Nasdaq hits record close after Powell reassures investors, CPI in focus
(DBN)

The Great ‘Vibecession’ Rages Through an $11 Trillion Stock Boom
(DBN)

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Layoffs:

Walmart is laying off, relocating hundreds of corporate workers across the country
(DBN)

Converse Cuts Jobs as Part of Parent Nike’s Cost-Savings Plan
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Student Debt:

Education Dept. announces highest federal student loan interest rate in more than a decade
(DBN)

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Autos:

'Clueless idiots!' Cybertruck owners mocked as vehicle issues mount up YouTuber Melts Down as Tesla Refuses to Replace His Lemon Cybertruck
(DBN)

Detroit killed the sedan. We may all live to regret it
(DBN)

Trump who? California Republicans love electric vehicles
(DBN)

$12,000 BYD Seagull EV Threatens US Auto Industry
(DBN)

Tesla board rallies retail investors to vote for Musk's US$56 billion pay package
(DBN)

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Science:

Flood of Fake Science Forces Multiple Journal Closures
(DBN)

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Education:

Harvard reaches deal to end pro-Palestinian encampment Harvard Protests End With Whimper as Israel Divestment Demands Fail Harvard students end their pro-Palestinian encampment but vow to pursue divestment Campus protests and the tyranny of certainty
(DBN)

Assistant Attorney General Speaks Out Against Hate At Columbia Law's Graduation Ceremony
(DBN)

America vowed to desegregate its schools. This is what happened instead
(DBN)

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Agribusiness:

How fast is bird flu spreading in US cows? ‘We have no idea’
(DBN)

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Sports:

Docs: NCAA could face $20B in damages, bankruptcy if proposed settlement offer isn't agreed upon
(DBN)

Comcast-Diamond dispute ‘profoundly harmful,’ MLB argues MLB: Bankruptcy Court Needs to Finally Stop Diamond From Continuing to 'Stumble Through the Restructuring Process' After Its 'Failure' to Secure Comcast Distribution Deal
(DBN)

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Economy:

Wholesale prices rose 0.5% in April, more than expected
(DBN)

Powell says inflation has been higher than thought and expects rates to hold steady Powell Reiterates Fed Likely to Keep Rates Higher for Longer
(DBN)

Latest US inflation report may provide clues to future path of prices and interest rates
(DBN)

Here’s everything to expect from Wednesday’s key report on inflation
(DBN)

Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
(DBN)

FactCheck: Both Trump and Biden made false claims about the inflation
(DBN)

CPI Previews
(DBN)

Why Inflation Is Moving "Sideways"
(DBN)

NY Fed Q1 Report: Household Debt and Delinquency Rates Increased Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows Overdue Bills Are Rising With US Debt Delinquencies, Fed Survey Shows
(DBN)

The child care cliff that wasn’t
(DBN)

Biden's Economic Policies 'Incoherent,' Citadel's Griffin Says
(DBN)

Californians are fleeing to a rich southern enclave. Locals aren’t happy.
(DBN)

Biden defends ‘strategic and targeted’ China tariffs, seeking contrast with Trump Why is Biden blocking the cheapest, most popular EVs in the world? The climate gamble behind Biden’s China tariffs US Tariffs on Minerals Leave Out Markets That China Dominates China Vows to Take Measure to Defend Rights as US Adds Tariffs China’s Top Diplomat Says US Tariffs Show Loss of ‘Sanity’
(DBN)

America is running out of money, and nobody cares
(DBN)

Here's the average balance Americans held in their 401(k)s at the end of 2023. How does your nest egg compare?
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Making Lemonade from Lemons: A Mortgage Lender's Guide to Successful Loan Workouts, Part 2
(DBN)

MBA: Mortgage Applications Increased in Weekly Survey Mortgage demand from homebuyers drops even as interest rates pull back to April lows
(DBN)

Part 2: Current State of the Housing Market; Overview for mid-May 2024
(DBN)

Florida Down Payments Plunge as People Rush to Sell Houses
(DBN)

Ali Choudhri losing grasp of fought-for Galleria office building
(DBN)

WeWork to keep two downtown S.F., Oakland leases in bankruptcy workout
(DBN)

Top California Democrats come out against rent control ballot measure
(DBN)

Hawaii property owner left stunned after $500K home was mistakenly built on her lot. Now she’s being sued
(DBN)

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Municipalities:

The Chester bankruptcy receiver wants the ‘rain tax’ board to disclose how it’s spending the money
(DBN)

California exodus left a gaping population hole. Can the Golden State finally bounce back?
(DBN)

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Oil/Gas:

Democrats probe Trump’s request for campaign cash from Big Oil
(DBN)

BNP Says It Is No Longer Doing Bond Deals for Oil and Gas
(DBN)

Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals
(DBN)

Renewable diesel glut hits US refiner profits, threatens nascent industry
(DBN)

Exxon Feels the Heat as More Investors Assail Climate Conduct
(DBN)

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Banking:

FDIC’s Gruenberg Pledges to Fix Agency’s Culture Despite Exit Calls
(DBN)

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Politics:

Polling sets off fresh alarm bells for Biden
(DBN)

Warning signs for Trump: 5 takeaways from Tuesday’s primaries
(DBN)

The Woke Jihad
(DBN)

What do a wine retail magnate and Jan. 6 rioter have in common? They’re both on the ballot Tuesday.
(DBN)

Six Months Out, Fight for Control Remains a Game of Inches
(DBN)

Luna leads House GOP push to award Trump the Congressional Gold Medal
(DBN)

Trump Taps Silicon Valley, DeSantis Donors in Campaign Cash Hunt
(DBN)

8 ways Trump doesn’t become president
(DBN)

Nevada, Newly Trump-Friendly, Poses a Challenge and a Mystery for Biden
(DBN)

Here are some of the famous names on Trump’s ‘close contacts’ list
(DBN)

A new Democratic ad campaign targets one of Trump’s most loyal blocs: Rural voters
(DBN)

'Bodies scattered around him': Ex-Trump official amazed people will still work for him
(DBN)

Jon Stewart blasts Hunter Biden, Jared Kushner, Nancy Pelosi in segment on money in politics
(DBN)

Here are the 10 most bipartisan senators, according to new report
(DBN)

W. Va. AG known for opposing Obama and Biden policies wins GOP primary for governor
(DBN)

Vaccine skeptic meets skeptical court as RFK Jr. challenges Google
(DBN)

Jimmy Carter’s grandson says he is ‘coming to the end’ after more than a year in hospice care
(DBN)

Alsobrooks pulls off stunning win in Maryland Democratic Senate primary
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Tech:

Google rolls out its most powerful AI models as competition from OpenAI heats up Google ramps up AI in search functions amid race with OpenAI
(DBN)

Overlooking a dark history, tech companies are flocking to the Middle East
(DBN)

AI-generated spam is starting to fill social media. Here's why
(DBN)

Musk Ordered to Resume Testimony in SEC Twitter Probe
(DBN)

TikTok Creators Sue to Block US Divest-or-Ban Law
(DBN)

Tim Cook is running out of ideas
(DBN)

Two unlikely states are leading the charge on regulating AI
(DBN)

Real Estate Billionaire Frank McCourt Says Readying TikTok Bid
(DBN)

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Agribusiness:

8 dead, at least 40 injured as farmworkers’ bus overturns in central Florida
(DBN)

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Maritime:

The ship that struck the Key Bridge had electrical problems in port, the NTSB says NTSB Releases First Report on Bridge Collapse
(DBN)

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Pageants:

Fallout continues from the Miss USA resignations as a runner-up declines the crown Miss USA and Teen USA Mothers Speak Out
(DBN)

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Fraud:

13,000 Illinoisans to divvy up $15 million in finance scam settlement
(DBN)

Kabbage Inc. Resolves Allegations of $120 Million Fraud in Paycheck Protection Program
(DBN)

Calaveras County Man Sentenced for COVID-19 Paycheck Protection Program Fraud
(DBN)

Producer Jason Cloth Steps Away From Company Amid Fraud Allegations
(DBN)

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Biotech:

Gamida Cell starts restructuring process supported by Highbridge Capital, stock down
(DBN)


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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

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:

Big asbestos law firm accused of cheating its way to billions
(DBN)

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Subchapter V:

Subchapter V Debt Limit Set to Expire in June 2024: What This Means for Small Businesses
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Intercreditor:

Form of First Lien / Second Lien Intercreditor Agreement
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Contempt:

Bankruptcy Court Orders Civil Confinement Over Discovery Dispute
(DBN)

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Aviation:

Buttigieg ‘speechless’ as airlines sue over new fee rules
(DBN)

DOJ says Boeing broke deal that avoided prosecution after 2 fatal 737 Max crashes
(DBN)

Congress’ big vote on air travel leaves out ‘many vexing issues’ — including the one you’re thinking about
(DBN)

Brazil airline Gol swings to net loss in first quarter
(DBN)

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Crypto:

FTX law firm Sullivan & Cromwell says crypto customers' lawsuit is 'innuendo masquerading as facts' Sullivan & Cromwell Denies Complicity in FTX Fraud, Seeks Lawsuit Dismissal
(DBN)

FTX Users Will Be Paid Back, With Interest. They’re Mad Anyway.
(DBN)

Former FTX Executive Ryan Salame Seeks 18-Month Sentence, Citing Cooperation and Remorse
(DBN)

Stretto Phishing Attack Affected Celsius Creditors and Three Other Bankrupt Firms
(DBN)

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Batteries:

Marlborough battery firm backed by Bill Gates files for bankruptcy
(DBN)

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Meme Stocks:

AMC completes $250 million stock sale during meme rally, shares jump 30% AMC’s meme stock windfall may help it pay down a massive debt load Who is Roaring Kitty and why is he causing a GameStop stock surge? Bill Gross Sells GameStop, AMC Options to Cash In on Meme Mania Meme-Stock Mania Revival Hits Short Sellers With Over $1 Billion Losses GameStop shares jump for a second day, but are well off the highs as meme enthusiasm starts to fade How a bunch of Redditors made GameStop’s stock soar Meme-Mania Redux Showcases Fundamentals of AMC, GameStop Meme stocks are roaring again. This time may be different GameStop Rally Missing One Key Ingredient From 2021 Meme Frenzy Wall Street Casino Is Open for Business as Meme Stocks Take Over
(DBN)

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Retailing:

Retail Bankruptcies Pose Pain for Landlords as Headwinds Persist
(DBN)

Bed Bath & Beyond Just Realized The Hedge Fund That (Briefly) Saved It Actually Killed It
(DBN)

Home Depot misses on revenue, as high interest rates hurt sales
(DBN)

Walmart to Cut Jobs, Ask Remote Workers to Return to Offices
(DBN)

Fashion brand Esprit files for bankruptcy for its European business
(DBN)

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Climate:

Summer 2023 Was Hottest in 2,000 Years
(DBN)

Something weird is happening with tornadoes
(DBN)

Asia’s Killer April Heat Wave Was Made Much Worse by Climate Change
(DBN)

Zimbabwe’s Cabinet Says More Than Half of Population Needs Food Aid
(DBN)

More than 200 million seniors face extreme heat risks in coming decades, study finds
(DBN)

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Media:

New York Times staff complain of ‘unwillingness to tolerate dissent’
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Healthcare:

Who might buy hospitals from Massachusetts to Arizona? Steward Health Care looks for buyers
(DBN)

Louisiana moves to criminalize possession of abortion pills
(DBN)

Will AI replace doctors who read X-rays, or just make them better than ever?
(DBN)

CDC issues urgent warning against drinking raw milk as bird flu fears rise
(DBN)

CVS Risks Losing 10% of Medicare Members in Push for Profits
(DBN)

Florida Dentist Who Called for Death of Jews Could Lose His License
(DBN)

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Food/Beverage:

Red Lobster closing at least 99 locations as its future comes into question Red Lobster's Sudden Closing Sparks MAGA Backlash Red Lobster preparing for bankruptcy after closing dozens of restaurants Should Red Lobster Seafood Co. file for bankruptcy protection? Experts say yes. Red Lobster to file for bankruptcy this month, report says At Least 48 Red Lobster Locations Are Closing. People Aren’t Happy About It
(DBN)

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UK:

King Charles’ official portrait divides public as new artwork branded 'monstrosity' by critics
(DBN)

British Schoolkids Were HIV Guinea Pigs
(DBN)

Katie Price dodges another bankruptcy hearing amid £750,000 tax bill and Mucky Mansion eviction
(DBN)

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EU:

Europe lurches to the right
(DBN)

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Russia:

The Misfits Russia Is Recruiting to Spy on the West
(DBN)

Russia reeling as Vladimir Putin's troops can't stop bombing their own villages
(DBN)

Zelensky postpones all international trips, as Russian forces advance through Kharkiv region Ukraine Deploys More Forces in Kharkiv to Halt Russian Advances
(DBN)

Secretary of State Antony Blinken rocks out in Ukraine
(DBN)

Defying West, Russia's Putin set to meet Xi Jinping in Beijing
(DBN)

Ukraine presses Biden to lift ban on using US weapons to strike Russia
(DBN)

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MENA:

Sullivan plans talks in Saudi Arabia, Israel amid tensions over Rafah
(DBN)

Israel’s ‘total victory’ in Gaza is unlikely, top US official says
(DBN)

Biden Moves Forward on $1 Billion in New Arms for Israel Biden administration begins lengthy process to approve new $1 billion arms deal for Israel
(DBN)

American doctors say they cannot evacuate Gaza amid Israeli siege
(DBN)

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Argentina:

Argentina Monthly Inflation Cooled for Fourth Straight Month Argentines Flock to Banks as Mortgage Market Awakens Under Milei
(DBN)

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Germany:

German far-right politician guilty of using Nazi slogan
(DBN)

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Ghana:

Resolving insolvency in the insurance sector
(DBN)

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Venezuela:

Venezuela Moves Substantial Troops to Guyana Border, Report Says
(DBN)

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Peru:

Peru officially classifies trans people as 'mentally ill'
(DBN)

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