May 21, 2024

The Daily Bankruptcy News

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Law:

Law School Botches Graduation, Just Starts Handing Out Honors At Random
(DBN)

Biglaw Associate Writes Taylor Swift-Inspired 'Choose Your Own Adventure' Departure Memo
(DBN)

Former law firm payroll manager pleads guilty to theft of $2.5 million Ex-Payroll Manager Who Embezzled More Than $2.5M From Law Firm Pleads Guilty To Wire Fraud
(DBN)

How legal teams are mastering AI
(DBN)

Law school applicants' socioeconomic hurdles measured by new metric
(DBN)

Prosecution rests its case in NY hush money trial After prosecution rests, Trump lawyers ask judge to dismiss hush money trial Prosecution rests in whirlwind Trump hush money trial Trump trial devolves into chaos as judge admonishes defense witness ‘Are you staring me down right now?’: Key Trump defense witness draws judge’s wrath Who is Robert Costello, the Trump witness accused of staring down judge? Michael Cohen admits he stole from the Trump Organization during cross-examination Michael Cohen Is Doing Better Than Expected: Lawyer Will Trump Run as a Felon? A Big 2024 Question Will Soon Be Answered. Ex-Hells Angels leader shows courtroom support for Trump Police arrive at Trump trial line after it was mistaken for a 'homeless encampment' 'This is a bomb': Ex-assistant U.S. attorney reacts to stunning new Trump trial testimony 'Just relax': Judge admonishes Trump lawyer in early Monday skirmish ‘Go to Hell!’ Trump Surrogates Brutally Shouted Down Outside Courthouse
(DBN)

George Conway hits Trump for ‘amazing lie’ about courthouse security
(DBN)

Rudy Giuliani Accepted Service Like A Gentleman. Just Ask Him, He'll Tell You. Rudy Giuliani complains Arizona indictment not served ‘stylishly’ Arizona attorney general reveals how they tracked down Giuliani to serve him Rudy Giuliani launches $30 ‘Rudy Coffee’ after WABC drama, bankruptcy case and legal woes: ‘Smooth, rich, chocolatey’ Bankrupt Rudy Giuliani slashes price on Manhattan apartment as criminal charges and debt mount WABC Owner Catsimatidis Targeted By Giuliani’s Creditors.
(DBN)

Trump’s trials may help, not hurt, his shot at the White House
(DBN)

Georgia Judges in Fani Willis Case Get Thousands of Pages to Review
(DBN)

Supreme Court declines to hear challenge to Maryland ban on assault-style weapons
(DBN)

Federal judge in Texas blocks Biden rule expanding gun background checks
(DBN)

Trump says ‘very talented’ Paxton possible AG pick
(DBN)

Diddy's downfall: Sean Combs' career looks bleak after leaked tape, entertainment lawyer says
(DBN)

Governor: Missouri won’t pay out in defamation case against senators
(DBN)

HIV positive prostitute had sex with 211 men after learning she’d been infected, cops say
(DBN)

Biden speaks with Johnson and McConnell to push for border bill Senate Democrats revive bipartisan border security bill as GOP vows to block it again
(DBN)

Judge will reopen sentencing hearing for man who attacked Pelosi’s husband
(DBN)

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Judges:

Law ‘requires’ Alito and Thomas to recuse: former federal prosecutor Upside-down flag controversy is the latest for Supreme Court Justice Alito Even If Alito Is Right, the Upside-Down Flag Was Wrong
(DBN)

Supreme Court Justice Alito sold Bud Light stock, then bought Coors during boycott
(DBN)

Court Rules Tacos Are Sandwiches... Scalia And Posner Had This Fight Years Ago
(DBN)

Phillies Fans Brutally Roast Samuel Alito
(DBN)

The New Mexico Supreme Court has publicly censured a magistrate court judge for acting as own treasurer in campaign
(DBN)

Some Trump-appointed judges keep sneaking Biblical reference into court opinions
(DBN)

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Wall Street:

Stock futures are little changed after Nasdaq Composite hits all-time high
(DBN)

The stock market will inflate another 20% before the bubble bursts, research firm says
(DBN)

European Stocks Hover Near Record Amid Earnings, Rates Optimism
(DBN)

Speedier Wall Street Trades Are Putting Global Finance On Edge
(DBN)

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Layoffs:

Tesla to Make Job Cuts Through June, Leaving Workers in Limbo
(DBN)

Natural Gas Giant Chesapeake Begins Layoffs
(DBN)

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Healthcare:

Ombudsman To Monitor Care At Steward Hospitals
(DBN)

Bankruptcy judge leans toward confirming Mercy IC liquidation plan exposing MercyOne
(DBN)

Sens. Ted Cruz, Katie Britt introduce Republican bill to protect IVF
(DBN)

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Meme Stocks:

Battle of the meme stocks: How AMC bested GameStop
(DBN)

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Politics:

Our unwanted Biden-Trump rematch is a sign of the political times
(DBN)

What Donald Trump might do if he wins a second term in 2024
(DBN)

Trump’s social media account shares video referencing ‘unified reich’
(DBN)

FactCheck: “The millions (of immigrants) that have been paroled can simply go to their local welfare office or the DMV and register to vote.”
(DBN)

Warning signs for Biden and Trump in latest campaign finance reports
(DBN)

Donald Trump Origin Tale ‘The Apprentice’ Gets 11-Minute Ovation At Its Cannes World Premiere Donald Trump Movie Starring Sebastian Stan Plays Like a Tragic Frankenstein Tale Donald Trump Movie ‘The Apprentice’ Ignites Controversy in Cannes Over Rape Scene ‘The Apprentice’ Review: Sebastian Stan and Jeremy Strong Are Superb in Chilling Account of the Unholy Alliance That Birthed Donald Trump Trump campaign says it will sue filmmakers behind ‘The Apprentice’ movie for including ‘blatantly false assertions’ Inside the Legal Battle to Recut Trump Movie ‘The Apprentice’: Why Billionaire Investor Dan Snyder Is Furious With Ex-President’s Portrayal
(DBN)

How Biden is winning over corporate America behind closed doors
(DBN)

House Dems outraise House GOP with record April fundraising month
(DBN)

Hunter Biden says Fox News trying to ‘dehumanize’ him Hunter Biden Reveals Why He’s Punching Back at Fox News Biden team braces for upcoming trials of Hunter Biden
(DBN)

How Powerful Is Taylor Swift's Political Endorsement? What New Poll Shows
(DBN)

Trump: Biden campaign put out ‘Fake Story’ that he ‘froze’ during NRA speech 'Trump doesn’t freeze!': Ex-president has midnight meltdown over reports on speech stall
(DBN)

Columnist warns of true meaning behind favorite GOP soundbite: "Election integrity"
(DBN)

Jan. 6 'Stop the Steal' rally organizer wins upset victory in Georgia RNC election
(DBN)

MAGA loyalist Kid Rock used ‘n-word’ and ‘waved gun’ at Rolling Stone journalist Kid Rock Admits ‘I’m Part of the Problem’ Dividing Country in ‘Drunk and Belligerent’ Rolling Stone Interview
(DBN)

Greene posts workout video after Crockett fundraising crack
(DBN)

Joe Biden’s Atlanta Trip Highlights Duel for Black Voters With Donald Trump
(DBN)

71 percent in poll want RFK Jr., third parties in debate RFK Jr. Lists Voting Address at Foreclosed Home
(DBN)

After almost a decade of Trump, America is tired. And scared.
(DBN)

Almost 40 percent of South Dakotans say Noem shooting dog was justified
(DBN)

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Celebs:

Double bankrupt Katie Price begs fans to buy her tour tickets as she fails to sell out 400 seat venue hours before show
(DBN)

Is Antonio Brown Broke? Former NFL Star Files for Bankruptcy Ahead of New Music Release NFL fans react to ex-Steelers WR Antonio Brown filing for  bankruptcy - "Bizness ain’t boomin no more"
(DBN)

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Economy:

There's no "urgency" to adjust interest rates, Fed official says
(DBN)

Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
(DBN)

Recession seems almost certain with 19 states in trouble already, expert warns
(DBN)

Trends in a “Pray and Delay” Economy
(DBN)

Visualizing America’s Average Retirement Savings, by Age
(DBN)

Here's how much money you need to make to be middle class in each US state
(DBN)

Treasuries Slip for a Third Day as Inflation Optimism Wears Thin
(DBN)

Comparing New and Current U.S. Tariffs on Chinese Imports
(DBN)

I've flipped burgers and hauled packages, but I didn't realize how bad hourly service jobs were until I got a 9-to-5 office job
(DBN)

Return-to-office mandate is backfiring on a key federal agency
(DBN)

The price of electricity across metro areas
(DBN)

Trump’s new trade war would cost middle-class families at least $1,700 a year, report warns
(DBN)

The Number of Forcibly Displaced Has Skyrocketed Where Most People Were Internally Displaced in 2023 The Countries Hosting the Most Refugees
(DBN)

The Top 25 Nationalities of U.S. Immigrants
(DBN)

Ranked: Countries Where Youth are the Most Unhappy, Relative to Older Generations
(DBN)

Mapped: The 10 U.S. States With the Lowest Real GDP Growth
(DBN)

Labor unions call for repeal of Trump tax cuts
(DBN)

China Hits Out in All Directions After US and Allies Ramp Up Trade War
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Americans still say real estate is the best long-term investment
(DBN)

A $10 Billion Real-Estate Fund Is Bleeding Cash and Running Out of Options
(DBN)

Florida’s 125% Surge in Property-Insurance Bills Sows Havoc Florida leaders offered $3 billion to property insurers. $2.2 billion wasn’t claimed
(DBN)

MBA Survey: Share of Mortgage Loans in Forbearance Remains at 0.22% in April
(DBN)

4th Look at Local Housing Markets in April; California Home Sales Up 4.4% YoY in April
(DBN)

Housing May 20th Weekly Update: Inventory up 1.7% Week-over-week, Up 36.0% Year-over-year
(DBN)

Fed Vice Chair Philip Jefferson on Housing Dynamics
(DBN)

Inside 2 Texas cities where home prices are dropping, sellers are slashing asks, and buyers can get lowball offers accepted
(DBN)

US equity REIT capital offerings down by over 50% in April
(DBN)

State of the U.S. Office Market - Q1 2024
(DBN)

Realtors Partied, Spent Big and Lobbied Hard. Then It All Came Crashing Down.
(DBN)

How home affordability differs among the red, blue and swing states
(DBN)

Elvis’ Graceland home up for auction after Lisa Marie Presley ‘failed to pay back $3.8m loan’ as family files lawsuit Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud Elvis Presley’s ‘traumatized’ granddaughter rips ‘fraudulent’ sale of iconic Graceland as it’s set to hit auction block
(DBN)

WeWork plans to keep four more D-FW locations
(DBN)

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Oil/Gas:

Nearly 9 in 10 Houstonians want the city to lead the world's energy transition
(DBN)

Legal finance for the energy sector
(DBN)

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Maritime:

Cargo ship that collapsed Baltimore bridge moved from collision site
(DBN)

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Climate:

Worldwide income may fall by 19% by 2049 because of changes in climate.
(DBN)

Study: Antarctic sea ice melting boosted by warming climate
(DBN)

Central America's heat wave helped spark Houston's deadly derecho
(DBN)

CalPERS to vote against Exxon board members
(DBN)

Ocean water is rushing miles under the ‘Doomsday Glacier’ with potentially dire impacts on sea level rise
(DBN)

Mexico's monkeys dropping dead as heat toll mounts
(DBN)

Houston Power Outages Persist
(DBN)

Researchers studying ‘doomsday glacier’ make worrying discovery
(DBN)

Florida meteorologist goes after DeSantis over climate change rollback
(DBN)

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Tech:

The Coming War Between DC and Silicon Valley
(DBN)

This ‘Russian’ Woman Loves China. Too Bad She’s a Deepfake.
(DBN)

JPMorgan’s Says Every New Hire Will Get Training for AI
(DBN)

Google cuts mystery check to US in bid to sidestep jury trial
(DBN)

The internet is disappearing, study says
(DBN)

Trump’s Truth Social Media Company Lost Nearly $330 Million Last Quarter, On Track to Lose More Than $1 Billion By End of Year Trump Truth Social: $700K Income, $327 Million Loss in Q1
(DBN)

How two bizarre billionaires almost destroyed Twitter
(DBN)

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Banking:

Senate Banking Chair Brown calls on Biden to replace embattled FDIC head FDIC Ranks Near Last in Survey on Government Worker Satisfaction FDIC Chair’s Resignation Pressure Rises With Key Senate Democrat Urging Change Biden will name new boss soon to lead 'toxic' FDIC
(DBN)

Senators prod Fed’s Barr on executive bonus rule
(DBN)

US banks report negative loan growth in Q1
(DBN)

Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’
(DBN)

Fed’s ‘Stigmatized’ Emergency Tool for Banks Draws Flak at Own Conference
(DBN)

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Retailing:

New York Mega Mall’s Muni Bonds Stave Off Default for Now
(DBN)

Study reveals different store preferences between Democrats and Republicans
(DBN)

Target lowers food prices as many shoppers go into grocery debt Target is cutting prices on up to 5,000 items to lure back inflation-weary shoppers
(DBN)

How Macy's went from retail pioneer to dying department store Macy’s beats earnings estimates, as turnaround plan shows early progress
(DBN)

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Food/Beverage:

What killed Red Lobster? Endless shrimp, above-market leases, labor costs, and inflation, says new CEO Red Lobster probes "endless shrimp" losses after bankruptcy filing The Endless Shrimp Investigation Cost-cutting, private equity, and the ‘Thai shrimp mafia’: What really drove Red Lobster into bankruptcy How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy Tales From the Trenches of Red Lobster’s Endless Shrimp AG Henry Warns that Red Lobster Closures, Bankruptcy Could Impact Gift Cards and Rewards Programs Red Lobster blames top shareholder for all-you-can-eat shrimp fiasco in bankruptcy filing Red Lobster choked on its own shrimp supply As Red Lobster files for bankruptcy, changing tastes take a toll on its casual-dining competitors
(DBN)

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Coal:

Coal Still Powers More U.S. Electricity Than Any Renewable Energy Source
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (51 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

US corporate bankruptcies in April reach highest monthly level in a year
(DBN)

Western PA business bankruptcy filings jump 58% in Q1, and more may be coming
(DBN)

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Mass Torts:

Survivors of abuse address court for second time in bankruptcy process
(DBN)

Toxic Gaslighting: How 3M Executives Convinced a Scientist the Forever Chemicals She Found in Human Blood Were Safe
(DBN)

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Discharge:

Always Ask for Permission and Never Forgiveness: Court Clarifies Self-Executing Nature of Certain Nondischargeable Debts
(DBN)

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Cannabis:

Up in Smoke: Bankruptcy by Contract in the Legal Cannabis Industry
(DBN)

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Corporate Governance:

Elon Musk’s Tesla pay package assailed by shareholder group Elon Musk: Give Me 25% of Tesla or Else
(DBN)

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Aviation:

One dead after severe turbulence hits Singapore Airlines flight One person killed, 30 injured after London-Singapore flight hit by severe turbulence
(DBN)

Frontier passenger arrested after she refuses to deplane during argument with crew over exit row instructions
(DBN)

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Private Equity:

Portfolio company bankruptcies remain elevated; funding rounds fall in April
(DBN)

Ranked: The World’s 50 Largest Private Equity Firms
(DBN)

Private equity deal value jumps 65% YOY in April
(DBN)

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Corporate Reform:

CFPB Bitter-Enderism
(DBN)

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Gig Economy:

The Gig Economy vs. America’s Workers
(DBN)

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Media:

More Americans want the journalists they get news from to share their politics than any other personal trait
(DBN)

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Fitness:

Peloton Launches $1 Billion Loan to Refinance Existing Debt
(DBN)

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Crypto:

NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis NYAG Takes Victory Lap as Court Approves Genesis Settlement
(DBN)

Investors watching posts from 'Crypto King' in the wake of fraud, money laundering charges
(DBN)

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Education:

A GOP Texas school board member campaigned against schools indoctrinating kids. Then she read the curriculum.
(DBN)

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Sovereigns:

New York Bills Aim to Cut 9% Interest Rate on Defaulted EM Debt
(DBN)

Zim debt resolution dialogue crucial – US
(DBN)

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UK:

Thames Creditors Talk With Advisers as Shareholders Quit Board Thames Seeks Options With Creditors After Board Members Quit
(DBN)

Court approves sale of properties linked to Axiom Ince boss Axiom Ince: Court green lights bankruptcy order against disgraced lawyer
(DBN)

Superdry plots emergency sale process if creditors block rescue plan
(DBN)

Will today be the day that Cazoo calls in the insolvency experts?
(DBN)

First UK Water Company in Bond Market Since Kemble Default
(DBN)

U.K. court rules Julian Assange can appeal extradition to U.S.
(DBN)

Thousands march in London to protest Gaza war on 76th anniversary of Palestinian Nakba
(DBN)

Infected Blood Probe Slams UK State, Finds ‘Chilling’ Cover-Up
(DBN)

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EU:

Debt-hungry American companies are flocking to Europe as interest rate cuts fuel $33 billion ‘Reverse Yankee’ effect
(DBN)

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Russia:

Ukraine says it struck an air base used to launch Russia's much-feared glide bombs
(DBN)

Russia Advances Near Chasiv Yar as Ukraine Bolsters Kharkiv Line Ukraine War Maps Show Russian Advances in 10 Frontline Locations
(DBN)

Faced With a Russian Onslaught, Ukraine Struggles to Keep the Lights On
(DBN)

Yellen Urges EU Allies to Act Jointly on Frozen Russian Assets
(DBN)

Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
(DBN)

Blinken’s ex-deputy says Russian bases should be ‘fair game’ for Ukraine
(DBN)

Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit
(DBN)

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MENA:

ICC prosecutor seeks arrest warrants against Netanyahu, Hamas leaders What the ICC Arrest Warrants Mean Amal Clooney approved arrest warrant for Benjamin Netanyahu and Hamas leaders Amal Clooney advised ICC on arrest warrants for Israeli officials, Hamas leaders ICC faces reprisal threats from Congress over potential Netanyahu arrest warrant Graham rips ‘outrageous’ ICC prosecutor request for Israel arrest warrants Biden denounces ICC for ‘outrageous’ implication of equivalence between Israel and Hamas The real audience for the ICC’s war crimes charges against Hamas and Israel France breaks with Western allies to support ICC decision
(DBN)

Israel's hawkish Netanyahu faces global isolation
(DBN)

Israel’s strategic choice
(DBN)

The one thing US fears after Iranian president’s death In divided Iran, president's death met by muted mourning Tehran blames US sanctions withholding air fleet parts for Raisi crash
(DBN)

US, Saudis Near Historic Security Deal
(DBN)

New 9/11 Evidence Points to Deep Saudi Complicity
(DBN)

Biden’s top military adviser chides Israel for losing ground to Hamas
(DBN)

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Brazil:

Unigel’s Pimco-Led Creditors Back Out-of-Court Restructuring
(DBN)

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Sweden:

Expert warns Sweden on 'brink of civil war' as country gripped by migrant violence
(DBN)

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