May 29, 2024

The Daily Bankruptcy News

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Law:

Not All Equity Partners Are Paid The Same
(DBN)

Law Firms’ Embrace of Non-Equity Partners Brings Management Risk
(DBN)

Hiring New Grads During Israel-Hamas War Risks Pitfalls for GCs
(DBN)

What lawyers should know about customer relationship management
(DBN)

Students Just Don't Care About U.S. News Law School Rankings Anymore
(DBN)

After controversial lavatory-camera defense, this law firm won’t be representing airline in suit
(DBN)

Supreme Court declines to review conviction of disgraced attorney Michael Avenatti in Nike extortion case Justice Kavanaugh noticeably doesn't participate as SCOTUS rejects Michael Avenatti case Trump lawyers urge Mar-a-Lago judge to 'make civil contempt findings,' issue sanctions
(DBN)

Lawyer convicted in client’s murder in ‘elaborate and shocking sequence of events’
(DBN)

Disney Star Graduates From Top Law School
(DBN)

In a baffling closing argument, Trump attorney Todd Blanche used DA's evidence against his own client Judge in hush-money case blows up at defense lawyer for 'highly inappropriate' comment These Insiders Know What Awaits Trump Lawyer Todd Blanche If He Loses Trump Lawyer Closes Trial by Scorching Michael Cohen Trump’s Case Heads to the Jury: 5 Takeaways From Closing Arguments Prosecution delivers their closing argument in Trump's trial The Cohen ultimatum: Trump’s fate may rest on which version of the fixer jurors buy At Trump Trial’s Closings, Lawyers Weave Facts Into Clashing Accounts The ‘major issue’ Lawrence O’Donnell says Trump’s lawyer left ‘completely unresolved’ Prosecutor stretches closing arguments for nearly 5 hours at Trump trial Hiding ‘messy’ details of Trump’s tryst with Stormy Daniels is motive for his crimes, prosecutor says in closings Prosecutor offers long-drawn-out closing argument in Trump hush-money case Evidence against Trump in hush money case is ‘overwhelming,’ prosecutor tells jury in closing argument Donald Trump's 'unethical behavior' in trial may have left jury 'very offended' What happens if Trump is convicted in New York? No one can really say If convicted, would Trump go to prison? It’s not out of the question. De Niro clashes with pro-Trump protesters at court house: 'Gangsters' Rove: De Niro event outside Trump trial ‘big mistake’ for Biden campaign Trump mocks ‘wacko’ Robert De Niro after actor’s Biden campaign press conference in NYC: ‘So pathetic and sad’ Stormy Daniels receiving 'death threats' amid Donald Trump hush money case Ty Cobb predicts guilty verdict in Trump hush money trial CNN legal expert says idea of Trump being acquitted in hush money case is ‘out of reach’ The Trump hush-money trial’s greatest misses Legal expert explains how Trump could appeal a potential conviction in hush-money case There’s a Reason Most People Aren’t Following the Trump Trial Political world braces for Trump verdict Trump has never been more powerless to dictate his own fate
(DBN)

Rep. Stefanik files misconduct complaint against Judge Juan Merchan over ‘random’ assignment to Trump’s NYC trial
(DBN)

Judge nixes bid to restrict Trump statements that could endanger officers in classified records case Cannon chastises Smith team, denies ‘gag order’ request in Trump classified docs case Latest ruling for Trump could be last straw for Jack Smith Mar-a-Lago judge scolds Jack Smith and shuts down Trump gag demand, warns of sanctions Documents unsealed by Mar-a-Lago judge reveal tense talk between defense and prosecutor Emerging Portrait of Judge in Trump Documents Case: Prepared, Prickly and Slow
(DBN)

Bankruptcy trustee should take over Giuliani’s assets, creditors’ attorneys say
(DBN)

Judge allows Trump co-defendant to continue fight for 500,000 ballots from Fulton County to argue debunked fraud claims Fact-checking 2020 election fraud claims in Georgia
(DBN)

Former Trump campaign attorney Jenna Ellis’ law license suspended after guilty plea in Georgia election case
(DBN)

Judge Cannon: Sure, Trump Lied That The FBI Tried To Murder Him. But The Real Crime Is Not Asking Him NICELY To Stop.
(DBN)

Southwest Missouri man pleads guilty to assaulting law enforcement officer during January 6 Capitol breach Appeals court rejects juror bias claims of ex-NYPD officer who attacked cop on Jan. 6 Proud Boys-trailing Miami Young Republicans director indicted on Jan. 6 felony charge FBI Arrests "Dreadlocks" Jan. 6 Rioter
(DBN)

E Jean Carroll lawyer hints new lawsuit on the table after fresh attack In Memorial Day rant that may spark new lawsuit, Trump says he 'never met' E. Jean Carroll
(DBN)

Federal appeals court rebuffs claims of D.C. jury bias in Jan. 6 case DC’s liberal bent does not amount to inherent bias against Jan. 6 defendants, appeals court rules
(DBN)

Mayorkas says some migrants "try to game" the U.S. asylum system
(DBN)

Menendez Jurors Hear Audio and See Texts From Seized Phones Judge Won't Allow Evidence Against Menendez
(DBN)

Pelosi attacker: ‘I feel horrible about hurting Paul Pelosi’
(DBN)

A cop gave a California man a jaywalking ticket. Then came a ‘campaign of hate and revenge’
(DBN)

Drones to be introduced into Denver police to help respond to 911 calls after city defunded the force by millions
(DBN)

Police in one California city are using 'bait houses' to catch burglars
(DBN)

Michigan Trooper Charged With Murder in Death of Fleeing Man
(DBN)

‘Did You Tase Him in the Face!?’ Inside ‘Goon Squad’ Deputies’ Group Chat
(DBN)

Carjackers seen in shocking video open fire on family while trying to steal car – with grandkids inside
(DBN)

Man accused of killing bride-to-be plans to present an alibi defense: Documents
(DBN)

Former mayor, cop shot 3 men dead after learning one of them sexually assaulted wife: Cops
(DBN)

Son of Sam Serial Killer Denied Parole
(DBN)

Louisiana authorities search for 2 escaped jail inmates Understaffing and an 8-Inch Gap Helped Four Louisiana Inmates Escape
(DBN)

Man killed his wife during a chaotic shootout at the home of her lover
(DBN)

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Judges:

Vacancy - U.S. Bankruptcy Judgeship - Eastern District of Pennsylvania
(DBN)

Wife of Justice Alito called upside-down flag ‘signal of distress’ Federal Judge Rebukes Alito’s Flag Antics As ‘Improper’ And ‘Dumb’ Washington Post Knew About Alito's Flag Three Years Ago But Just... Didn't Tell Anybody Neighbors, Cops Dismantle Alito Flag Excuse The Alitos, the Neighborhood Clash and the Upside-Down Flag: Alito's Neighbors Called Cops After 'Ugly' Run-Ins with Justice's Wife Justice Alito’s Wife Has Managed to Avoid the Spotlight Until Now
(DBN)

First New US Judgeships in Decades Gain Momentum in Congress
(DBN)

Can the Supreme Court’s Liberals Reclaim Judicial Restraint?
(DBN)

Black attorney and pro baseball player brother say they were extorted by county judge
(DBN)

Former federal judge blasts John Roberts in new book
(DBN)

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Wall Street:

Stock futures are lower after the Nasdaq Composite posts a record close
(DBN)

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Layoffs:

Federal Investigation, Litigation Recovers $175 K in Back Wages for 44 Miners Laid Off, Then Denied Last Paycheck After Employer Files Bankruptcy
(DBN)

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Autos:

Trump: I'll Stop All Electric Car Sales
(DBN)

Who Will Survive a Shakeout in the Electric Vehicle Market?
(DBN)

Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed
(DBN)

Chinese Tesla rival BYD says its new hybrid cars can go 1,250 miles without stopping for gas or charging
(DBN)

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Education:

Former students at defunct Cono Christian School allege they were paddled, kept in basement
(DBN)

Harvard leaders no longer commenting on issues unrelated to ‘core function’
(DBN)

The Battle Over College Speech Will Outlive the Encampments
(DBN)

Child of Famed Jewish Family Funded Pro-Palestinian Protests
(DBN)

Federal judge strikes down New Hampshire ‘divisive concepts’ classroom law
(DBN)

Louisiana wants the Ten Commandments in schools but which version?
(DBN)

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Food/Beverage:

Pacific Seafood becomes first creditor to file Red Lobster bankruptcy claim
(DBN)

Ontario judge upholds Red Lobster's U.S. bankruptcy case in Canada
(DBN)

Struggling restaurant industry brand files Chapter 11 bankruptcy
(DBN)

40 Minutes for Starbucks Coffee? Customers and Workers Fume Over Fewer Staff
(DBN)

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Furniture:

Bellacor placed in assignment for benefit of creditors: What that means
(DBN)

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Gambling:

Gaming oversight body to discuss Imperial Pacific bankruptcy request and Tinian online gaming license bill
(DBN)

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Maritime:

Baltimore County seeks to hire law firms to assist with Key Bridge litigation
(DBN)

Missiles Hit Ship Twice in a Day in Houthi-Ravaged Red Sea Greek-Owned Ship Takes on Water After Being Struck in Red Sea Dryad Says Attacks on Commercial Vessels in Red Sea Drop
(DBN)

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Economy:

U.S. consumer confidence rebounds in May after three months of decline
(DBN)

A millennial who made over $300,000 secretly working 2 remote jobs says he'll do whatever he can to ensure he never has to commute to work again
(DBN)

On the Dangers of Inflation Brain
(DBN)

GOP tempers expectations on appropriations bills
(DBN)

High-paying remote work jobs fading fast: Study
(DBN)

The Loneliness of the American Worker - WSJ
(DBN)

Republicans prepare to fast-track tax cuts in reconciliation
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Case-Shiller: National House Price Index Up 6.5% year-over-year in March Comments on March House Prices, FHFA: House Prices Increased 0.1% in March
(DBN)

Real estate agents are fleeing the field. Is that good for homebuyers?
(DBN)

Freddie Mac proposes buying home equity loans
(DBN)

The Hidden Driver of Soaring Home Insurance Costs
(DBN)

Ousted WeWork boss drops effort to return WeWork Is Coming Back, Just Not With Adam Neumann Deflated ‘unicorn’ CEO Adam Neumann surrenders after judge kills his attempt to buy back WeWork
(DBN)

Skyrocketing rents and home prices may be pivotal in the 2024 election
(DBN)

Ruthless ‘Nigerian scammer’ allegedly takes credit for auction scare at Elvis Presley’s Graceland: ‘I had fun’
(DBN)

Brooklyn church conversion puts second developer into purgatory
(DBN)

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Municipalities:

8 years of payments to bankrupt Chester’s ‘rain tax’ board members may have been illegal, receiver says
(DBN)

WAPA's financial position said to be worst in more than 30 years
(DBN)

America’s dirtiest city is revealed — and it’s not NYC or anywhere near the north
(DBN)

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Oil/Gas:

State's 'shockingly inadequate' policies allow Big Oil to abandon wells, poisoning family farms: 'An outrageous arrangement that needs to end'
(DBN)

Big Oil’s Winning Streak Forces Activist Investors to Regroup
(DBN)

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Retailing:

Express Creditors Oppose Lead Bidder’s Fees for Bankruptcy Sale
(DBN)

Rite Aid reportedly close to deal on post-bankruptcy financing
(DBN)

The cult of Costco: How one of America’s biggest retailers methodically turns casual shoppers into fanatics
(DBN)

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Tech:

OpenAI CEO Sam Altman pledges to donate most of his wealth to improve the 'scaffolding of society'
(DBN)

OpenAI is training a new model to surpass GPT-4 as it pursues 'artificial general intelligence'
(DBN)

C1 Receives Court Approval for Prepackaged Financial Restructuring Plan
(DBN)

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Politics:

Dems in full-blown ‘freakout’ over Biden
(DBN)

Biden’s cash advantage may be meaningless
(DBN)

Trump, GOP are early favorites for White House, Congress
(DBN)

Perhaps Lost in the Polling: The Race Is Still Close
(DBN)

Cook Political Report shifts North Carolina governor’s race to ‘toss up’
(DBN)

Texas Republican who led Paxton impeachment effort defeats Trump-backed rival The GOP establishment survived in Texas, but the results were messy
(DBN)

Democrats plan to nominate Biden virtually to avoid missing Ohio's ballot deadline
(DBN)

Biden campaign taps Jan. 6 officers to campaign in battleground states ahead of debate
(DBN)

For 2028 prospects, abortion is a test-run for a national message
(DBN)

Why big-spending Californians are now pinching pennies
(DBN)

Trump suggested at fundraiser he ‘would have bombed’ Russia and China
(DBN)

Trump Boasted About Sex With Stormy in Tahoe, Athlete Says
(DBN)

Trump says he won’t ‘ban’ birth control. Here’s what he may do instead.
(DBN)

Republicans divided on pledging to accept 2024 election results In clearest comment yet, Tim Scott says he would 'certainly' vote to certify election results
(DBN)

Mark Robinson Is Testing the Bounds of GOP Extremism
(DBN)

Republicans irked that Herschel Walker is sitting on millions in unspent campaign funds
(DBN)

Why Nazi slogans and xenophobia appeal to rich kids
(DBN)

Prominent pollster spreads Dominion voting machine misinformation
(DBN)

Moderate Texas Republican faces MAGA challenger
(DBN)

RFK Jr. super PAC chair to publish tell-all memoir by mother of Hunter Biden’s child R.F.K. Jr. Denounces the Removal of Confederate Statues
(DBN)

____________

Climate:

Climate change to have long-term economic impact: SF Fed paper
(DBN)

Rivers in Alaska are turning orange. The reason surprised even scientists
(DBN)

Big Oil and the Chamber plan to defend Biden’s climate law from Trump
(DBN)

Submerged homes, heat waves fuel Mexico climate angst
(DBN)

Power Could Be Out for Days After Damaging Storms Hit Texas
(DBN)

‘Just brutal’: Why America’s hottest city is seeing a surge in deaths
(DBN)

Indian capital of Delhi breaks all-time heat record, as authorities impose water rationing
(DBN)

How One of the Most Revered Climate Groups Descended Into Chaos
(DBN)

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Cannabis:

Marijuana Reclassification Impacts Bank Servicing of Businesses
(DBN)

____________

Sports:

"They think too much about the second contract" - Jose Calderon explains why players go broke post-NBA
(DBN)

With Payments to College Athletes, Another Fight Looms for Women
(DBN)

Shilo Sanders makes first public appearance following surgery with bankruptcy surfacing "Do What Is Right"�: Deion Sanders Urged to Stop Covering Shilo's $11.8m Tracks After Bankruptcy Filing
(DBN)

____________

Fraud:

How Easy Lending Can Lead to Fraud
(DBN)

He taunted investigators and called them Bozos. Now, he's going to prison for attempted fraud.
(DBN)

Feds Accuse Ozy Founder of Sneaky Last-Minute Move Before Trial
(DBN)

Victoria’s Greg Martel’s Ponzi scheme leaves victims high and dry
(DBN)

Short Seller Jim Chanos Sued by Partner Alleging Misuse of Funds
(DBN)

TX: Doctor Convicted of $70M in Medicare Fraud
(DBN)

Credit Suisse’s Archegos Debacle Takes Hwang Trial Spotlight
(DBN)

____________

Religion:

Pope Francis used an anti-gay slur. What now for L.G.B.T.Q. Catholics?
(DBN)

____________

Radio:

Texas’ E Radio Network Buys Seven Stations After Freed AM Files Chapter 7.
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

A False Rationale For Anti-Debtor Interpretations of Subchapter V (Avion & Cleary)
(DBN)

Can I Require a "True Up" in a Subchapter V Plan of Reorganization?
(DBN)

____________

Avoidance Actions:

Courts Remain Divided on Whether Avoidance Actions are Estate Property That May be Sold
(DBN)

____________

Mass Torts:

How Bankruptcy Law Could Shield Purdue Pharma Owners From Lawsuits
(DBN)

Lawyers to Plastics Makers: Prepare for ‘Astronomical’ PFAS Lawsuits
(DBN)

Bayer Fights for Survival as Roundup Lawsuits Burn Cash
(DBN)

Diocese of Fresno to file for bankruptcy after 154 claims of abuse by clergy Fresno Diocese bankruptcy plans hurt victims, advocacy group says
(DBN)

Buffalo Diocese plans to cut number of parishes by a third in latest restructuring
(DBN)

____________

Hedge Funds:

Do Hedge Funds Exploit Material Nonpublic Information? Evidence from Corporate Bankruptcies
(DBN)

____________

Bankruptcy Crimes:

RI House-Flipping Contractor Who Had Guns in Country Club Locker Sentenced to 3 Years
(DBN)

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Aviation:

Waste-to-Fuel Company That Raised $1 Billion Verges on Collapse
(DBN)

American Airlines cuts outlook, says chief commercial officer is leaving
(DBN)

SpiceJet faces yet another insolvency case from engine lessor Engine lessor moves insolvency plea against SpiceJet over $12 million dues
(DBN)

Gol Parent Company Starts Talks With Azul For Possible Deal
(DBN)

An airline kicked a family off the plane after they made their own no-peanut announcement when the crew refused to
(DBN)

Man arrested after alleged nude aisle run forced plane to turn back
(DBN)

United jet engine catches fire on runway
(DBN)

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Media:

Media giants swim uncharted waters
(DBN)

____________

Fintechs:

Five Things to Watch as Synapse Bankruptcy Impact Shakes Up FinTechs
(DBN)

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Crypto:

One of Sam Bankman-Fried's FTX allies is going to prison too FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison
(DBN)

Bitcoin slips as Mt. Gox begins transfers expected to be used for creditor repayments
(DBN)

____________

Tourism:

Hawaii visitors uncertain about going as traveler numbers decline
(DBN)

____________

Healthcare:

Bankruptcy filings cast doubt on Optum buyout of Steward’s physicians network Buyers interested in Steward hospitals
(DBN)

Cue Health to Pursue Wind Down of the Business
(DBN)

Millions of Americans need drugs like Ozempic. Will it bankrupt the healthcare system?
(DBN)

4 labor and delivery units closed, leaving this one clinic with nearly 100,000 patients
(DBN)

Cancer Is Capsizing Americans’ Finances. ‘I Was Losing Everything' - WSJ
(DBN)

Oregon's Right to Die Law Inspires Other States
(DBN)

Hospital Cost Gaps Puzzle Employers Armed With New Rate Data
(DBN)

Most bizarre Ozempic side-effect yet: Some patients could turn to risky sex and gambling in a phenomenon experts call 'impulse control disorder'
(DBN)

____________

Celebs:

Melinda French Gates says she's donating $1B to women's rights
(DBN)

____________

Entertainment:

Hollywood crews in 'crisis': 'Everyone's just in panic mode' as jobs decline
(DBN)

____________

UK:

Double bankrupt Katie Price FINALLY moves out of cursed £2m Mucky Mansion as removal vans are spotted at house
(DBN)

Britain’s 500-year-old Royal Mail is being bought by a Czech billionaire
(DBN)

____________

EU:

Macron calls far-right rise 'ill wind' for Europe
(DBN)

____________

MENA:

Israeli tanks advance into Rafah's centre despite global outcry White House insists no red line crossed in Rafah after deadly strike Israel Pushes Into Rafah as Displaced Palestinians Search for Safety
(DBN)

US-made munitions used in deadly strike on Rafah tent camp, CNN analysis shows
(DBN)

Nikki Haley wrote ‘Finish them!’ on Israeli artillery shells during visit
(DBN)

Doctors Return from Gaza: It's Unimaginable
(DBN)

Israeli Spy Chief Threatened ICC Prosecutor
(DBN)

Aid deliveries suspended after rough seas damage US-built temporary pier in Gaza, US officials say
(DBN)

Palestinian Islamic Jihad releases video of Amazon worker Alexander Trupanov being held hostage in Gaza
(DBN)

____________

Russia:

Belgium to deliver first F-16s to Ukraine this year — with strings attached
(DBN)

Ukraine urgently needs soldiers, but some are desperate not to fight
(DBN)

Putin says French military's appearance in Ukraine is step towards global conflict
(DBN)

Calls Mount to Let Ukraine Strike Russia With Western Weapons
(DBN)

A Border Runs Through Their Families. Now It’s a Front Line.
(DBN)

US Treasury official visits Ukraine to discuss sanctions on Russia and seizing Russian assets
(DBN)

Russia’s Overheating Economy Puts Further Rate Hikes on Table Russia Plans Tax Hikes on Businesses, Wealthy as War Costs Mount
(DBN)

____________

Argentina:

Argentina's peso plunges in warning for Milei Argentine President Milei to meet Apple, Google, Meta CEOs in US
(DBN)

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Japan:

Japan's net foreign assets hit record high of $3 trillion in 2023, remains world's top creditor
(DBN)

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Germany:

Creditors approve plan for further rescue of Galeria department store network.
(DBN)

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China:

IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures I.M.F. Is Upbeat on China’s Growth but Questions Its Industrial Policy
(DBN)

PwC Lost Five China Clients in May After Evergrande-Linked Probe
(DBN)

____________

North Korea:

North Korea Reportedly Sends Balloons of Trash and Poop to South Korea, as Tensions Brew
(DBN)

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