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May 3, 2024

The Daily Bankruptcy News

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Law:

The Ballooning Biglaw Billion-Dollar Club
(DBN)

Allen & Overy completes seismic Shearman takeover
(DBN)

Big Law Firms Shrink Equity Partner Ranks at Their Own Peril
(DBN)

Mayer Brown Splits From Hong Kong Unit Amid US-China Tension
(DBN)

Kennedys partners face charges of practicing without a licence in US
(DBN)

How an Ordinary Guy Took a $3,000 Case to the Supreme Court
(DBN)

Snack and sprint lawyer struck off
(DBN)

The Top Law Schools For Government And Public Interest Work
(DBN)

Ditch time-based billing, urge in-house lawyers
(DBN)

Barrister caught by Eversheds Sutherland doubling £500 invoice disbarred
(DBN)

Dentons and Boies Schiller face $300M racketeering suit after client loses international arbitration
(DBN)

You can't litigate your way into Kentucky Derby, says Churchill Downs' general counsel
(DBN)

AI’s Impact On Law Firms Of Every Size
(DBN)

Underdog Law School Fills Legal Void in Booming Florida City
(DBN)

Supreme Court's Shadow Docket Is Making Life Tougher For Justice Department Attorneys
(DBN)

Lawyer’s new book traces today’s true-crime fascination to salacious 1800s murder trial
(DBN)

Sex tapes and Lindsey Lohan rehab records: Trump trial detours into tabloid scandals 4 big takeaways from Day 10 of Trump's hush money trial After Large Rallies, Trump Is Greeted at Courthouse by a Single Fan One thing is already clear at Trump’s NY trial: Nobody liked Michael Cohen Trump trial invokes celebrity scandals as shadowy witness takes the stand Stormy Daniels' lawyer says 'extremely strict reading' of her earlier Trump affair denial was true because the relationship wasn't 'romantic' Stormy Daniels' Lawyer Has the Receipts How Trump's trial is (not) changing the polls Mary Trump on uncle’s trial: ‘As deep the trouble that he is in, it may not be enough’ Secretly recorded calls and more from Day 10 of Trump's trial How one text exchange gave Trump an ominous day in court Trump denies sleeping during trial: ‘I simply close my beautiful blue eyes’
(DBN)

Trump Argues Gag Order Bars Him From Responding to Rude Posts Judge declines to approve Trump’s Truth Social posts in advance Donald Trump Tries To Avoid Future Contempt With Bizarre Request
(DBN)

Emails Reveal Top Trump Accountant Had Secret Campaign Role
(DBN)

Jan. 6 Rioter Who Bragged Gets 5 Years
(DBN)

Trump immunity plea sets up test for Supreme Court on judicial restraint What the Supreme Court is doing right in considering Trump’s immunity case
(DBN)

Rudy Giuliani, Who Filed for Bankruptcy Last Year, Can’t Get By on a $43,000-a-Month Budget
(DBN)

‘Snowflake News’ Influencer Arrested on Jan. 6 Charges
(DBN)

‘What have we done?’ Lawyer describes shock at possible role in Trump’s 2016 victory
(DBN)

Rollout of transgender bathroom law sows confusion among Utah public school families
(DBN)

Pennsylvania nurse pleads guilty to killing patients with lethal doses of insulin
(DBN)

DOJ’s Kristen Clarke Says She Was a Victim of Domestic Violence: Report
(DBN)

Man Nabbed For Fried Chicken Battery
(DBN)

Mexican smugglers are increasingly using semitrailers to transport migrants Border agent on horseback falsely accused of whipping migrants in Texas now awarded for his service
(DBN)

Supreme Court Rejects Military Chaplains' Lawsuit Claiming Refusal of COVID-19 Vaccine Hurt Their Careers
(DBN)

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Judges:

Federal judge reprimanded for handcuffing teen spectator in scared-straight approach Federal Judge Given Slap On Wrist After Handcuffing Innocent, Crying Child
(DBN)

Judge should be censured for street brawl, conflict of interest, New York judicial conduct commission says Fist-Fighting, Cop-Pushing Judge Gets Let Off Hook Easy
(DBN)

Judge Gets Brutally Honest With Defendant Asking For Leniency With A 'Hell No'
(DBN)

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Wall Street:

Dow futures jump 300 points after Apple reports; traders brace for April payrolls data
(DBN)

Americans cash out of sustainable funds
(DBN)

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Layoffs:

Peloton cuts 15% of staff
(DBN)

Elon Musk Took $17 Million In Federal Charging Grants Before Firing His Entire Supercharger Team
(DBN)

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Personal Finance:

10 things you should be negotiating every time you land a job offer, according to ex-Microsoft HR VP
(DBN)

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Fitness:

Peloton’s pandemic-era fairy tale is officially over
(DBN)

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Cannabis:

DEA's Marijuana Rescheduling Plan Has Law Firms High on Expanding Relationships With Cannabis Clients
(DBN)

The False Promise of Rescheduling
(DBN)

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Celebs:

Double bankrupt Katie Price ‘gives away’ designer bags and high-end tech worth thousands as star is threatened with jail Defiant Katie Price says she won't attend next bankruptcy case despite risk of jail Katie Price claims she's been signed off from court appearances because she's 'not mentally strong enough' as she defends herself for missing bankruptcy hearing to go to Cyprus
(DBN)

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Utilities:

Decayed Power Pole Sparked Texas Wildfire
(DBN)

The Electrification of America
(DBN)

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Food/Beverage:

Red Lobster brought seafood to the masses. Now it’s on the verge of bankruptcy
(DBN)

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Economy:

5 indicators that show the US economy is still firing on all cylinders despite slowing GDP
(DBN)

US Jobs Report to Show Continuing Streak of Big Employment Gains April jobs report preview: Wages, job gains set to slow while unemployment holds steady
(DBN)

Traders Pull Forward First Full Fed Rate Cut to November Ahead of Jobs
(DBN)

Wall Street is confused and divided over how many times the Fed will cut rates this year
(DBN)

Exhibit A that work still dominates our lives: PowerPoint parties
(DBN)

Pro-Palestinian protests push corporate activism limits
(DBN)

Don't feel too sorry for Gen Z — they're outpacing boomers on income and millennials on home ownership
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Recent SDNY Decision Provides Guidance on How to Calculate Landlord Lease Rejection Claims in Bankruptcy
(DBN)

WeWork closes another Houston location in high-profile skyscraper as its prepares to exit bankruptcy WeWork negotiates to keep Long Beach, South Coast Plaza locations
(DBN)

LA developer accused of misappropriating millions in homeless housing funds files for bankruptcy
(DBN)

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Education:

Columbia Hires E. Jean Carroll Lawyer to Fight Student Suit Columbia Says 30% of Arrests in Hamilton Hall Were of Outsiders At least 2,000 people arrested at pro-Palestinian protests on US campuses, AP tally shows I’ve Covered Violent Crackdowns on Protests for 15 Years. This Police Overreaction Was Unhinged. Portland State Library Occupiers Reject University’s Amnesty Deal The Surreal Difference Between Harvard and Columbia Protests Democrats split over campus protest crackdown NYPD leader on Columbia: ‘Spoiled kids who think they can do what they want’ Billionaire investor Bill Ackman gives $10K to UNC American flag ‘rager’ NYPD Claims Bike Chain Sold By Columbia's Public Safety Department Is Proof 'Professionals' Are Behind Campus Protests Don’t Forget the Backlash to the ’60s Israeli Terror Victims Sue Campus Groups for Aiding Hamas Robert Kraft says elite schools are to blame for 'hate' on campus Inside Biden's antisemitism task force meeting as protests roil U.S. Why are college students protesting?
(DBN)

Couple Gives College $121 Million on Condition Students Graduate
(DBN)

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Healthcare:

'Our patients are screwed': Florida’s ban cuts off abortion access in the South
(DBN)

Biden expands ObamaCare to Dreamers
(DBN)

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Tech:

They thought they were joining an accelerator — instead they lost their startups
(DBN)

The future of Google — and Big Tech — hangs in the balance at trial The Judge Deciding Google’s Fate
(DBN)

Musk to Lift X Ban on Neo-Nazi Leader
(DBN)

Data Centers Now Need a Reactor’s Worth of Power, Dominion Says
(DBN)

Social-media filters are driving an alarming surge in facial injections
(DBN)

Apple had its biggest drop in iPhone sales since COVID-19’s onset Apple’s falling iPhone sales don’t bother Wall Street so long as margins, buybacks are increasing
(DBN)

Truth Social keeps shrinking despite trial and looming election
(DBN)

AI engineers report burnout, rushed rollouts as ‘rat race’ to stay competitive hits tech industry
(DBN)

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Autos:

Here’s how Carvana pulled off its ‘epic turnaround’
(DBN)

Tesla tells the EV industry: Fend for yourselves Musk Has a Vision for Tesla’s Robotaxi. Others Can’t See It.
(DBN)

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Crypto:

Crypto crimes with no cryptocurrency
(DBN)

Executive Of One Disaster Spends $1.5 Million On Trinket From Another
(DBN)

Former FTX exec Ryan Salame to give up $5.9M Bahamas property
(DBN)

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Politics:

Biden: Violent protests ‘not protected’ Biden condemns campus violence: 'Order must prevail' Fox’s McEnany: ‘I give Biden zero credit’ for statement on college protests
(DBN)

Biden reaches out to a silent majority of Americans not represented in campus unrest or right-wing GOP
(DBN)

Why America’s Israel-Palestine debate is broken — and how to fix it
(DBN)

34 GOP senators call potential Biden plan for Palestinian refugees national security risk
(DBN)

Greene’s motion to vacate vote leaves conservatives with no easy options
(DBN)

Hakeem Jeffries isn’t speaker yet, but the Democrat may be the most powerful person in Congress
(DBN)

Biden to award Medal of Freedom to 19 people, including Pelosi, Gore, Ledecky and Bloomberg
(DBN)

Rubio: Campus protests highlight ‘complete breakdown of law and order’
(DBN)

Ex-Trump aide says ‘competency and experience’ would be ‘out the window’ in second term
(DBN)

Trump suggests he won’t accept 2024 election results in Wisconsin
(DBN)

FactCheck: Donald Trump “said states have the right to monitor pregnant women to enforce these bans, and states have the right to punish pregnant women for seeking out abortion care.”
(DBN)

Trump Auditions VP Picks Before Wealthy Donors in Palm Beach
(DBN)

For Laura Loomer, a Trump comeback is everything
(DBN)

Texas runoff between Rep. Tony Gonzales and pro-gun YouTuber is key GOP test
(DBN)

Alabama governor signs bill enshrining Biden on November ballot
(DBN)

'Watch them like hawks': Trump asks backers to become election workers
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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 (21 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Subchapter V:

Sub V Task Force Report In A Nutshell: Part 1—Background
(DBN)

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UST:

Questions and Answers with USTP Director Tara Twomey
(DBN)

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Mass Torts:

A police/Boy Scouts youth program is plagued by sexual abuse allegations across the U.S.
(DBN)

Possible 'showdown' ahead as NY diocese moves to scrap bankruptcy in impasse with abuse claimants
(DBN)

Catholic diocese that covers California's San Luis Obispo County considers bankruptcy amid child sex abuse lawsuits
(DBN)

Abuse Probe Into New Orleans Catholic Clergy Expands
(DBN)

J&J's $6.5B talc settlement comes as plaintiff lawyers fear losing their experts
(DBN)

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Aviation:

Another setback for lessors: Go First’s deregistered planes need engines, spare parts to fly abroad
(DBN)

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Retailing:

Teen Clothing Retailer rue21 Files Bankruptcy for Third Time Apparel retailer rue21 files for third bankruptcy, will close all stores Rue21’s 3rd Bankruptcy Tour Will See 540 Stores Shut
(DBN)

I went shopping at Express and saw firsthand why the retailer has filed for bankruptcy
(DBN)

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Sports:

Everton bring in financial insolvency experts amidst 777 struggles Everton administration: Wyness issues key claim as insolvency experts called in
(DBN)

Creditors vote for Melbourne Rebels Super Rugby Pacific rescue plan Melbourne Rebels survive but fight with ATO, Rugby Australia not over
(DBN)

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Tax:

IRS to increase audit rates of wealthy taxpayers by 50%
(DBN)

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Climate:

France Unveils Offshore Wind Push to Accelerate Climate Progress
(DBN)

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UK:

Universities in turmoil: UK colleges ‘bracing for bankruptcy’ as crisis grips £71bn sector
(DBN)

Cost of bankrupt Birmingham’s equal-pay claim likely far lower than £760mn Europe’s largest local authority went bankrupt over equal pay claims worth up to $1 billion—turns out, it may not bleed too much money on it after all
(DBN)

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MENA:

Blinken Urges Hamas To Agree To Truce To Help Gazans Hamas is sending a delegation to Egypt for further cease-fire talks in the latest sign of progress
(DBN)

Gaza needs biggest post-war reconstruction effort since WWII: UN Rebuilding bombed Gaza homes may take 80 years, U.N. says
(DBN)

Soaring US munitions demand strains support for Israel, Ukraine, Taiwan
(DBN)

Hundreds of Former White House Staffers Want Military Aid to Israel Stopped
(DBN)

Turkey Halts All Trade With Israel, Officials Say
(DBN)

Crowdfunding and suitcases full of cash: How Gazans are paying to escape war
(DBN)

Palestinian man visits Auschwitz, publicly calls on Jews to return there 'where they belong'
(DBN)

Iran's Axis of Resistance Claims New Front Against Israel
(DBN)

Global court in pressure cooker over threat of Israel arrest warrants
(DBN)

Judge declares mistrial after jury deadlocks in lawsuit filed by former Abu Ghraib prisoners
(DBN)

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Russia:

US accuses Russia of using chemical weapons in Ukraine
(DBN)

Ukrainian soldier describes a rout that left 100 dead or missing as Russia keeps gaining ground
(DBN)

Putin’s crushing new offensive could be the end of Ukraine
(DBN)

Macron vows to send troops to Ukraine if Putin's forces break through front lines
(DBN)

As Ukraine Loses Ground, Baltic Countries Ask: Are We Next?
(DBN)

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Sweden:

Swedish Police approve Quran burning event in Malmo ahead of Eurovision
(DBN)

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Argentina:

Argentina Central Bank Cuts Benchmark Interest Rate to 50%
(DBN)

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China:

More and more Americans see China as an enemy
(DBN)

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France:

France is working less and earning more
(DBN)

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India:

FinMin reviews bankruptcy proceedings of Jaiprakash Associates, Arch Pharma Labs, other high-profile cases
(DBN)

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Brazil:

Brazil Succumbs to the Retail Apocalypse It Staved Off for Years
(DBN)

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