May 24, 2024

The Daily Bankruptcy News

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Due to the Memorial Day holiday, The Daily Bankruptcy News will not publish on Monday, May 27, 2024



Law:

Baker McKenzie partner drops suit seeking IRS documents on partnership scrutiny
(DBN)

Entirely Preventable Cheating Scandal Rocking Law School
(DBN)

Linklaters matches Freshfields with £150k for newly-qualified solicitors
(DBN)

Sullivan & Cromwell's New Hiring Policy Is Polarizing and Worrisome
(DBN)

Ex-Biglaw Partner Pleads Guilty To Tax Crimes, May Serve Time Behind Bars
(DBN)

Ex-BigLaw attorney once ‘consumed with remorse’ over $10M client theft sentenced in new scheme
(DBN)

Biglaw Firms Fall Prey To Cyberattacks, With Data Breaches On The Rise
(DBN)

Lawyers with AI Skills Can Reap 49% Wage Premium, Research Shows
(DBN)

How GenAI will help GCs drive faster deal cycles
(DBN)

Golden Gate law school needs a receiver to save it, say students and alumni
(DBN)

'Karma is paid with interest': Woman who stalked, vowed to kill attorney sentenced
(DBN)

Complaint targets ABA diversity programs; claims are ‘factually and legally incorrect,’ association says
(DBN)

‘Important’ to ‘box-ticking exercise’: In-house lawyers split on diversity
(DBN)

Arguing Before The Supreme Court Can Be A Great Stepping Stone For Your Career
(DBN)

'Petitioner has failed': Trump dealt double-whammy of losses in hush-money case 'Amazing document' in Trump hush money trial a 'dream piece of evidence': legal analyst Most believe Trump probably guilty of crime as his NYC trial comes to an end, CBS News poll finds Donald Trump claims people are being ‘mugged and killed outside’ courthouse
(DBN)

Comey: Trump election interference case ‘much stronger than I imagined’ James Comey Predicts Trump Will Be Convicted in Hush Money Trial and Defends Alvin Bragg Bringing the Case
(DBN)

Prosecutors appeal dismissal of some charges against Trump in Georgia election interference case
(DBN)

Garland calls Trump’s false FBI search claim ‘extremely dangerous’
(DBN)

Trump Discovers Biden Assassination Plot In His Own Court Motions
(DBN)

Garland mocks House Oversight Committee over raucous contempt hearing
(DBN)

MyPillow CEO's courtroom failures come back to haunt indicted clerk as judge tosses suit
(DBN)

Rudy Giuliani Adds “Went to the Bathroom With His Zoom Mic on” to Long List of Examples of His Being Bad With Technology Ex-Biglaw Partner Embarks On Second Career In Coffee! Rudy Giuliani claims 'Hollywood producer' behind Jan. 6: 'They snowed everybody'
(DBN)

‘Going for the jugular’: Legal scholar warns ‘Trumpers’ want to end major civil right
(DBN)

For the Women Who Accused the Trump Campaign of Harassment, It’s Been More Harassment
(DBN)

‘Deliberately low-key’: How Biden’s team plans to approach his son’s criminal trial
(DBN)

Judge refuses to speed up lawsuit targeting audio of Joe Biden's special counsel interview
(DBN)

'Newsmax's cover-up worked': Smartmatic says media CEO deleted evidence in defamation case
(DBN)

Newsom signs bill to let Arizona doctors provide abortions in California Louisiana is set to make possessing abortion pills without a prescription punishable by up to 10 years in prison Abortion Pills in Louisiana Could Soon Be in Same Category as Opioids She was having a medical emergency, but the ER turned her away. Here's why Anti-abortion hardliners want restrictions to go farther. It could cost Republicans
(DBN)

Judge threatens to jail lawyers challenging state’s law banning gender-affirming care
(DBN)

Judge backtracks ruling that blocked Florida immigration law Senate downs border bill for second time Senate border vote fails again, losing support from both sides Biden says GOP doesn’t care about securing border after border bill fails in Senate Migrant crossings at U.S.-Mexico border plunge 54% from record highs, internal figures show
(DBN)

Why progressive DAs are losing their grip on the West Coast
(DBN)

Singer Cassie speaks out after horrific video showed rapper Sean 'Diddy' Combs beating her
(DBN)

Sean Kingston and his mother arrested on fraud and theft charges after SWAT raid of the rapper’s home
(DBN)

'Failed on every level': Families of Uvalde mass shooting victims file $500M lawsuit
(DBN)

Ethan Crumbley's parents refuse to help him appeal his murder conviction
(DBN)

Dogs help find 6 tons of meth hidden in squash shipment in California
(DBN)

Golf champ Scottie Scheffler arrest video released, officer broke body camera rules Scottie Scheffler's court date could land him 10 years in prison after his charges were not dropped by Louisville Police after shocking PGA Championship arrest New video shows cop chasing down Scottie Scheffler’s car after dragging claims
(DBN)

Grief author accused of poisoning husband's Moscow Mule oddly decides to speak out now
(DBN)

Florida deputy posed as dead man to catch suspect now charged with murder: Sheriff
(DBN)

Woman who spent years fighting $100 ticket for bogus AirPods theft in high school sues
(DBN)

Priest arrested after biting woman in bizarre fight over communion
(DBN)

Artist, guide dog kicked out of restaurant when worker didn’t believe he was blind
(DBN)

Woman Arrested For Battering Man. With A Cinnamon Roll.
(DBN)

Family members sue networks after learning of loved ones’ deaths by seeing bodies on TV
(DBN)

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Judges:

Jackson Walker Says Judge Tried to Mislead Court on Romance Law firm says Texas judge wanted 'untruthful' statement about lawyer romance
(DBN)

Justice Alito would be disqualified from January 6 cases if he were on a lower court but SCOTUS's rules are 'merely performative,' expert says Helpful Field Guide For Identifying The Next Flag At Sam Alito's House Samuel Alito Displays Second Controversial Flag, Secure In The Knowledge Nothing Will Be Done About It Justice Alito’s Jan. 6 Flags Are a Desperate Wake-Up Call for the DOJ ‘Investigate now’: Pressure mounts on 'MIA' senator to deal with Alito Bolton defends Alito amid ‘outrageous’ flag controversy Why Samuel Alito’s Flag Debacle Warrants a Full Investigation Elena Kagan Makes The Best Possible Dig At Samuel Alito Kagan goes after Alito for helping states use 'race as a short-cut' to suppress votes
(DBN)

Clarence Thomas attacks Brown v. Board ruling amid 70th anniversary
(DBN)

Supreme Court sides with South Carolina GOP over racial gerrymander case
(DBN)

Why Is Aileen Cannon Taking So Long With The Trump Trial? 'Incompetence' And 'Perceived Bias'
(DBN)

Trump Inspires His Political Supporters To Threaten Judges' Lives
(DBN)

Biden nominates US appellate judge's daughter to join same court
(DBN)

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Wall Street:

Stock futures slightly higher after Dow posts worst session since March 2023
(DBN)

European Stocks Erase Gains as US Data Thwarts Rate-Cut Bets
(DBN)

JPMorgan Failed to Monitor Billions of Client Orders, CFTC Says
(DBN)

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Layoffs:

Red Lobster Bankruptcy Will Test New Jersey's Stricter WARN Act
(DBN)

Media Matters hit with sweeping layoffs after defamation suit by Musk, federal probes
(DBN)

Elon Musk says AI will take all our jobs
(DBN)

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Student Debt:

Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now
(DBN)

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Ticketing:

Live Nation hit with antitrust suit from Justice Department, states US legal team in Live Nation lawsuit includes veteran plaintiffs' attorney Live Nation Turns to Latham, Cravath Litigators to Fight DOJ
(DBN)

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Healthcare:

Massachusetts lawmakers at odds over how to handle Steward Healthcare bankruptcy proceedings Is Another Dividend Cut Coming for Medical Properties Trust?
(DBN)

Vaccines lower risk of long COVID: Study
(DBN)

Fallout From Cyberattack at Ascension Hospitals Persists, Causing Delays in Patient Care
(DBN)

Anger Does a Lot More Damage to Your Body Than You Realize
(DBN)

____________

Sports:

MLB’s Regional Broadcasting Fiasco Has No End in Sight
(DBN)

NCAA, leagues sign off on $2.8 billion plan, setting stage for dramatic change across college sports NCAA, Power Five approve antitrust settlement, paving way for college athlete revenue model NCAA, leagues back $2.8 billion settlement, setting stage for current, former athletes to be paid Decades in the Making, a New Era Dawns for the N.C.A.A.: Paying Athletes Directly Notre Dame implores Congress to save ‘great American institution’ after ‘undesirable’ $2.8B NCAA settlement Who gets paid? How much? What to know about the landmark NCAA settlement
(DBN)

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Media:

America’s Most Trusted News Anchors Are …
(DBN)

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Retailing:

Retailers use police-like investigation centers to fight theft. Shoppers pay the price
(DBN)

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Economy:

The folks aren't OK: Fewer parents say they're doing OK financially
(DBN)

US Business Activity Expands Most in Two Years, Prices Pick Up
(DBN)

Fed’s Inflation Debate Shifts to How Much Goods Prices Can Drop
(DBN)

Major consumer divide: The rich keep spending, as poorer Americans struggle
(DBN)

Weekly Initial Unemployment Claims Decrease to 215,000
(DBN)

US Jobless Claims Post Biggest Back-to-Back Drop Since September
(DBN)

Crop Index Erases 2024 Loss, Rekindling Food Inflation Worries
(DBN)

Bonds’ Decades-Long Lead Over Gold Vanishes as Debt Worries Grow
(DBN)

House passes bill barring Federal Reserve from issuing digital dollar
(DBN)

Two-Speed Global Economy Vexes G-7 as Inflation Fades Unevenly
(DBN)

1 in 7 Children Live in Poverty in the U.S.
(DBN)

Global Child Poverty Rates In Perspective
(DBN)

HSBC’s Americas Chief Says He Won’t Compel 5 Days in the Office
(DBN)

Financial Future Worries
(DBN)

A New Trade War Offers No Easy Way Back for Old Global Order
(DBN)

Charles Schwab CEO says inflation is the ‘No.1 concern’ among investors
(DBN)

Palm Beach housekeepers making $150,000 due to massive demand from wealthy
(DBN)

Biden overtime pay rule challenged by US business groups
(DBN)

Are Florida Taxes Low? It Depends on Your Income Level.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New Home Sales Decrease to 634,000 Annual Rate in April US New-Home Sales Declined in April, Restrained by High Rates
(DBN)

Losses Pile Up in Top-Rated Bonds Backed by Commercial Real Estate Debt
(DBN)

Home prices reach $387,600 record high, putting a damper on spring
(DBN)

Fortunes diverge for Park Avenue office landlords
(DBN)

From more inventory to lower prices, here are 3 signs the housing market may be getting better for buyers
(DBN)

My husband and I paid off our mortgage more than 15 years early by following a simple money rule we learned from our parents
(DBN)

Tennessee attorney general looking into attempted foreclosure of Graceland It looks like someone tried to steal Graceland Entity seeking to sell Graceland didn’t file any required documents with the county
(DBN)

____________

Oil/Gas:

U.S. Senate panels launch probe into Trump 'quid pro quo' with energy execs
(DBN)

Democrats circle Big Oil in collusion, climate probes
(DBN)

____________

Rail:

Norfolk Southern, EPA reach $310M settlement over East Palestine derailment
(DBN)

____________

Politics:

What the U.S. Is Most Worried About
(DBN)

Sparks fly over SNAP at partisan markup of House farm bill
(DBN)

Biden, Trump tied in head-to-head match-up: Survey
(DBN)

A bitter campaign season is ahead of us Biden campaign plans to get more aggressive once Trump trial ends
(DBN)

“Puppies and rainbows”: Jeffries denies Democrats are divided on Israel
(DBN)

Ohio governor calls special session to pass legislation ensuring President Biden is on 2024 ballot
(DBN)

Trump vows to ‘make NYC great again’ at thousands show up for boisterous Bronx rally 'I wish he would just disappear': Trump's Bronx rally gets a big thumbs down from locals ‘Biden didn't come to the Bronx’: Trump makes a foray into Democratic turf
(DBN)

Donald Trump Has Called The Apprentice ‘Garbage.’ But the Actual Movie Is Almost Too Real
(DBN)

Meet the Trump fanatic who travels the country in an RV to sell MAGA merch: ‘We wake up, and we Trump it’
(DBN)

Kinzinger calls Haley’s support for Trump ‘pathetic’ Nikki Haley Bends the Knee to Trump, Humiliates All Her Supporters “Unhinged,” “Not Qualified,” “Can’t Win a General Election”: All the Things Nikki Haley Said About Donald Trump Before Announcing She’ll Be Voting for Him in November Trump stays mostly silent on Haley after she backs him Biden Campaign Quietly Meets With Haley Supporters After Trump Endorsement
(DBN)

Once Critics of Trump, These Republicans Are Now Playing by His Rules
(DBN)

Comer criticizes ‘repeat offenders of breaking decorum’ during Congressional hearings
(DBN)

Democratic operative Steve Kramer indicted over Biden robocalls
(DBN)

House passes bill to ban noncitizens from voting in local DC elections
(DBN)

The Supreme Court's new voting rights decision is a love letter to gerrymandering
(DBN)

Some of Silicon Valley’s Most Prominent Investors Are Turning Against Biden
(DBN)

Trump-RFK Jr. feud comes to a head at Libertarian convention Inside the fringe worldview of RFK Jr.’s VP pick RFK Jr. Is Even Crazier Than You Might Think
(DBN)

Some GOP senators plan to skip Trump convention
(DBN)

Congressional Black Caucus condemns Speaker Johnson’s treatment of Kenya’s president
(DBN)

A top Republican’s lonely stand against Donald Trump’s Texas takeover
(DBN)

The FBI kept investigating Ken Paxton after he beat impeachment. Will he face federal charges?
(DBN)

____________

Food/Beverage:

Cracker Barrel CEO Tanks Company Stock By 20%; Says 'We're Just Not As Relevant'
(DBN)

Private equity and mismanagement: Here’s what really killed Red Lobster
(DBN)

____________

Climate:

2024 Hurricane Season Is Expected to Be Abnormally Busy, NOAA Predicts Hurricane Season Could Have More Than Two Dozen Storms, NOAA Says New preseason hurricane forecast is highest ever issued. Brace yourself, Florida
(DBN)

Climate Talks Are Struggling to Agree on Finance to Poor Nations
(DBN)

Texas power demand to break May record in heat wave on Friday
(DBN)

Reeling from one heat wave, Mexico awaits 'highest temperatures ever recorded'
(DBN)

____________

Autos:

Elon Musk’s Tesla Empire Is Facing ‘Unmitigated Disaster’
(DBN)

VW Says Cost Cuts Not Tariffs Will Protect Europe From Chinese EVs
(DBN)

Tesla CEO Elon Musk says he favors ‘no tariffs’ on Chinese EVs
(DBN)

A Tesla owner says his car’s ‘self-driving’ technology failed to detect a moving train ahead of a crash caught on camera
(DBN)

Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
(DBN)

____________

Consumer Finance:

CFPB to treat BNPL loans like credit cards
(DBN)

____________

Cannabis:

From Prohibition to Prescription: DEA Issues Proposed Rule to Reschedule Marijuana – As Prescribed
(DBN)

____________

Movie Theaters:

‘We’re Still Here’: How AMC Theatres Is Struggling With $4.5 Billion in Debt and Surviving Thanks to Taylor Swift, Viral Popcorn Buckets and More
(DBN)

____________

Fraud:

Archegos Sent Goldman $470 Million in Error During Collapse
(DBN)

Litigation continues in federal actions alleging fraud with LDS tithings
(DBN)

UK Tech Titan Lynch Rejects Blame for Merger Gone Bad at ‘Surreal’ Trial
(DBN)

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Maritime:

Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
(DBN)

____________

Diamonds:

Scientists Just Made Diamonds Worthless
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

Sub V Task Force Report In A Nutshell: Part 4—Plan Confirmation & The Silent Class
(DBN)

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Mass Torts:

In-house counsel neck-deep in J&J’s ‘fraudulent’ two-step talc maneuver, complaint says New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance
(DBN)

Frustration as trial of New Orleans priest accused of rape further delayed
(DBN)

Baltimore's Catholic archdiocese will cut parishes as attendance falls and infrastructure ages
(DBN)

Activists chide pope over handling of sex abuse and cover-ups
(DBN)

Nine Takeaways From Our Investigation Into 3M’s Forever Chemicals
(DBN)

Bayer Sees 'Existential' Threat From Roundup Suits, CEO Says Bayer Fights for Survival as Roundup Lawsuits Burn Cash
(DBN)

Alex Jones lawyer Norm Pattis gets a reprieve at CT Appellate Court. Case to continue.
(DBN)

First Zantac Cancer Case to Go to Trial Ends in Win for Drugmakers
(DBN)

____________

Aviation:

Fliers Are Freaking Out Over Safety After Boeing, Singapore Air Mishaps
(DBN)

Singapore Air Changes Seatbelt Sign Rules After Fatal Turbulence
(DBN)

Frontier Airlines CEO urges crackdown of ‘rampant abuse’ of airport wheelchair service
(DBN)

Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
(DBN)

____________

Education:

Colleges Ramp Up Debt Sales in Frenzied Race for New Students
(DBN)

Only 1 in 4 say college degree worth it Almost 30% of Americans Say College Not Worth It in Pew Poll Do you need a college degree to succeed? Here's what the data shows.
(DBN)

Police face off with protesters after new UCLA encampment pops up
(DBN)

Harvard Defies Faculty Vote to Block 13 Students From Graduating Harvard board bars 13 pro-Palestine student protesters from graduating, overruling faculty Students Walk Out in Protest at Harvard Commencement
(DBN)

College presidents defend their student protest deals
(DBN)

‘Zionists Not Welcome’ and Mob Violence Ignite Backlash at UCLA
(DBN)

Fate of lawsuit filed by Black Texas student punished over hairstyle in hands of federal judge
(DBN)

____________

Tech:

'AI revolution just getting started': Here's what Wall Street is saying about Nvidia's 1st-quarter earnings blowout
(DBN)

Nvidia's astonishing profitability
(DBN)

OpenAI Just Gave Away the Entire Game
(DBN)

Pope Francis is gearing up for the first millennial saint, a web developer known as 'God's influencer'
(DBN)

AI Relies On Mass Surveillance, Warns Signal Boss
(DBN)

Arizona lawmaker says ChatGPT helped draft new deepfake law!
(DBN)

FTC chair: AI models could violate antitrust laws
(DBN)

Google's new AI search feature has been recommending people drink urine
(DBN)

____________

Crypto:

FTX bankruptcy lawyers were not complicit in fraud, report finds Probe finds no ‘error’ in hiring Sullivan & Cromwell for FTX bankruptcy
(DBN)

Supreme Court rules against Coinbase in dogecoin case, handing consumers a win
(DBN)

Crypto industry's lack of narrative allows memes to get all the attention, investor says
(DBN)

Sam Bankman-Fried Moved to Oklahoma City Despite Judge’s Request
(DBN)

US House passes crypto bill despite warnings from SEC
(DBN)

Man Who Is Not Satoshi Nakamoto Is A Lying Liar, And Here Are Some Of The Lies He Told
(DBN)

____________

Agribusiness:

Bird Flu Is More Widespread Among Dairy Cows, Sewage Tests Suggest
(DBN)

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Sovereigns:

Pakistan-IMF Initial Talks for New Loan to End May 24: Official IMF Says Loan Negotiations With Pakistan to Continue as Visit Ends
(DBN)

____________

UK:

Thames Water Kemble Debt Talks In Limbo as UK Vote Called
(DBN)

Ex-Axiom Ince boss Pragnesh Modhwadia made bankrupt
(DBN)

UK Retail Sales Fell More Then Expected During Rainy Spell
(DBN)

Bidenism Is Gasping in America. It’s Having a Moment in Britain.
(DBN)

____________

EU:

ECB Still on Course for June Rate Cut After Data, Villeroy Says ECB Won’t Cut in September After June Move, Danske Says
(DBN)

____________

Canada:

Seafood chain Red Lobster will ask provincial court to enforce U.S. bankruptcy in Canada
(DBN)

Alberta court refuses to stay bankruptcy proceedings in favor of family law proceedings
(DBN)

US Senators Tell Trudeau to Meet NATO Defense Spending Pledge
(DBN)

____________

China:

The 2050 Population Data That Could Ruin Communist Century
(DBN)

Is China's Economy Facing Its Own 'Lost Decades'?
(DBN)

China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
(DBN)

____________

Russia:

G-7 Is Closing In on US-Led Push to Tap Frozen Russian Assets
(DBN)

The West is tapping Russian money to arm Ukraine. Much more could follow
(DBN)

Putin signs decree to allow retaliatory seizure of U.S. assets in Russia
(DBN)

Advancing Russian Troops Threaten to Reverse Some of Ukraine’s Hard-Won Gains
(DBN)

Biden Set to Skip Ukraine Peace Summit for Hollywood Fundraiser
(DBN)

Estonia PM: Russia is Waging a Shadow War
(DBN)

____________

MENA:

As Israel’s Hard Line Stokes Anger Abroad, Netanyahu May Get Benefits at Home
(DBN)

Israel to Expand Rafah Campaign After 1 Million Civilians Moved
(DBN)

Israeli military recovers the bodies of 3 more hostages killed on Oct. 7 from Gaza How Do the Families of the Hamas Hostages Endure the Agony?
(DBN)

In a City of Ancient Jewish Mysticism, Israelis Arm for a Fight
(DBN)

House races to sanction ICC over Israel war crimes allegations Netanyahu Case Will Make or Break the ICC Germany: We'll Arrest Netanyahu for the ICC
(DBN)

ICJ Expected to Make a New Ruling on Gaza War
(DBN)

U.S. Military Faces Reality in Gaza as Aid Project Struggles
(DBN)

US preparing for ‘prominent’ role in postwar Gaza
(DBN)

Johnson says Netanyahu to address joint session of Congress ‘soon’
(DBN)

____________

Australia:

Australian fashion label Dion Lee placed into voluntary administration
(DBN)

____________

Finland:

Spending cuts leave over 40% of pharmacies at risk of bankruptcy, warns interest group
(DBN)

____________

India:

Pre-pack insolvency a success for five companies
(DBN)

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