May 30, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firms Have ‘Embraced’ Hybrid Office Attendance Policies, Leaving Employees ‘Satisfied’ With Working Conditions
(DBN)

BigLaw firm and client sanctioned nearly $275K after judge sees ‘nasty litigation tactics’
(DBN)

Foley Sued for Revoking Job Over Israel-Palestine Comments
(DBN)

Clifford Chance joins City pay war with improved £150k NQ lawyer salary
(DBN)

Woodchipper and bomb threats on social media allegedly traced to Chicago-area prosecutor
(DBN)

Federalist Society's Leonard Leo Shows Contempt For Subpoena
(DBN)

Illinois signs up for NextGen bar exam as details on test emerge
(DBN)

The Growing Support For The New-And-Improved Bar Eam
(DBN)

Nevada will consider three-stage process to join bar
(DBN)

How to strike up conversations that build your book of business
(DBN)

Don't Be Angry At A Lawyer For A Client's Behavior
(DBN)

Scheme by former Samsung lawyers was ‘dishonest, unfair, deceitful and repugnant,’ judge says
(DBN)

Jury deliberations begin in Donald Trump's criminal trial Judge in Trump hush-money trial instructs jury on law and standards Legal experts explain confusing jury instructions in Trump hush-money case Jury must now decide if prosecutors left any room for doubt in ‘mountain’ of evidence A Courthouse ‘Icebox,’ the Secret Service and No Coffee: Surviving the Trump Trial Trump as hush money jury deliberates: ‘Mother Teresa could not beat these charges’ Trump argues judge preventing him from using defense his own lawyers declined to use Trump jury requests David Pecker and Michael Cohen testimony as deliberations continue Can Trump vote in November if he's convicted of a felony in New York? In the trial, like the election, Trump’s base is inoculated against loss Trump Plays Dumb After Five-Week Trial: ‘I Don’t Even Know What the Charges Are’ Trump just debuted a new trial spin as the jury deliberates, claiming 'nobody knows what the crime is' Biden not banking on a Trump conviction to win Fox News anchor to Alina Habba: Biden ‘not responsible’ for Trump trial
(DBN)

Historic criminal trial of Hunter Biden to probe drug addiction
(DBN)

Biden lawyer Bob Bauer's book coming soon
(DBN)

Mar-a-Lago judge wants to hear more about 'unlawful appointment and funding' of Jack Smith Mar-a-Lago judge lets ex-AG join group arguing 'illegality of Jack Smith's appointment'
(DBN)

Bankruptcy Creditors Get Their Knives Out For Giuliani, Accusing Him of ‘Crimes’ and ‘Egregious Spending Habits’ in Motion to Seize Control Lawyers accuse Giuliani of possible 'bankruptcy crimes,' demand financial watchdog Rudy Giuliani’s creditors rail over his 60 Amazon purchases and Netflix subscriptions Rudy Giuliani's Creditors Make Major Move in Bankruptcy Case
(DBN)

Man who wore panda headpiece on Jan. 6 convicted on multiple charges 'You're all a bunch of pieces of s---': Megaphone-wielding rioter shoves cop on Jan. 6
(DBN)

Steve Bannon could soon learn when he will report to prison
(DBN)

Jenna Ellis Is Sorry About All That Trump 'elite strike force' alum Jenna Ellis' guilty plea leads to law license suspension
(DBN)

Two ex-FBI officials who traded anti-Trump texts close to settlement over alleged privacy violations
(DBN)

Mother of Jan. 6 officer Michael Fanone swatted after he called Trump 'authoritarian'
(DBN)

Frail Harvey Weinstein wheeled into same courthouse as Donald Trump Harvey Weinstein may face new charges as more accusers come forward, New York prosecutors say
(DBN)

Judge Shoots Down Elon Musk’s Attempt to Dismiss Defamation Suit From Jewish Student Smeared as a Nazi
(DBN)

Tennessee gov. OKs penalizing adults who help minors receive abortions, gender-affirming care
(DBN)

Kentucky prosecutors drop all charges against golfer Scottie Scheffler
(DBN)

Bad Boy for Life: Sean Combs’ History of Violence A federal grand jury may soon hear from Sean ‘Diddy’ Combs’ accusers Diddy to face grand jury as feds contact accusers to testify including male sex worker
(DBN)

Menendez’s Blame-My-Wife Strategy Has Its Risks
(DBN)

Fentanyl users get free smoking gear in some cities. Now there’s pushback.
(DBN)

Russian disinformation sites linked to former Florida deputy sheriff, research finds
(DBN)

Man who assaulted and punched people in New York City indicted on hate crime charges
(DBN)

Sex offenders could be castrated in Louisiana if new law is passed – procedure would take place at end of their sentence
(DBN)

Lifeguard who took down Pride flags at beach sues L.A. County over religious discrimination
(DBN)

Would-be dad tricked pregnant woman into taking abortion pills causing miscarriage: Cops
(DBN)

Judge Dumbfounded When Man with Suspended License Attends Court While Driving
(DBN)

‘It’s an unusual way’: Missing earbud leads to arrest of hit and run driver who slammed into teen bicyclist, cops say
(DBN)

Woman killed boyfriend with antifreeze to collect fake $30 million inheritance
(DBN)

Jury starts deliberations in case of Chad Daybell, accused of murder in 3 deaths
(DBN)

Man Filmed Himself Shooting Parents Over ‘His Upbringing’: Cops
(DBN)

Michigan detective charged with murder after colliding with suspect in unmarked squad car during chase
(DBN)

Attorneys general urge federal probe of BLM protest killing after Texas governor pardon
(DBN)

Man Charged After Attempted Attack Outside Jewish School in New York
(DBN)

Man killed pregnant sister because she was 'no longer innocent': Cops
(DBN)

FBI Takes Down Massive Global Army of Zombie Computer Devices
(DBN)

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Judges:

Alito neighbors say vulgarity came after upside-down flag was flown 'Make her stop': Alito's neighbors say his wife launched harassment campaign after Jan. 6 Justice Alito declines to step aside from Trump-related cases over flag spat Experts Question Alito’s Failure to Recuse Himself in Flag Controversy Alito Refuses To Recuse In Trump Case As Reporters Catch Him In Yet Another Lie Alito won't recuse from Jan. 6 cases, cites wife's 'right' to make 'her own decisions' Alito says the Supreme Court’s fake ethics code allows him to be unethical Roberts faces calls to press Alito for recusal Samuel Alito's ethical lapse isn't the Supreme Court's first. This is why it's different
(DBN)

Jamie Raskin: If Justices Alito and Thomas Won’t Recuse Themselves, There Is a Solution Raskin argues DOJ can force recusals of Alito, Thomas in Jan. 6 cases
(DBN)

To recuse or refuse? A look at Supreme Court justices’ decisions on whether to step aside in cases
(DBN)

Sonia Sotomayor Shares Feelings Of ‘Desperation’ As A Liberal SCOTUS Justice
(DBN)

Amy Coney Barrett's Husband Works On Behalf Of Fox Affiliate And That's Actually Not A Big Deal
(DBN)

‘Doesn’t know most basic rule’: Conway blasts Cannon over ‘perplexed’ reaction
(DBN)

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Wall Street:

Dow futures drop 300 points as Salesforce shares tumble
(DBN)

The S&P 500 will climb another 6% by year-end as recession risk subsides, UBS says
(DBN)

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Layoffs:

Fisker Slashes Workforce in Major Layoff Round
(DBN)

Siemens Gamesa Cutting 4,100 Jobs in Wind Turbine Unit
(DBN)

International health care company laying off 140 Memphis employees
(DBN)

The Silent Goodbye, Over 20,000 Techies Lost Jobs In FY24 Alone
(DBN)

Video game developer lays off 162 Bay Area workers
(DBN)

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Healthcare:

Steward promised to rebuild its hospital in Norwood. The town is still waiting Entities Eye Steward’s Local Hospitals, ‘a Number’ Interested
(DBN)

‘It’s putting patients’ lives in danger’: Nurses say ransomware attack is stressing hospital operations
(DBN)

Having kids may shorten a man’s life, groundbreaking study reveals
(DBN)

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Food/Beverage:

Oberweis Dairy purchased by Winnetka-based private equity firm in bankruptcy auction
(DBN)

Restaurant menus lean hard on "limited time offers"
(DBN)

McDonald’s exec says average menu item costs 40% more than in 2019
(DBN)

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Radio:

iHeartMedia Creditors Retain Financial & Legal Advisors Ahead Of 2026 Debt Payments Are iHeartMedia Creditors Getting Anxious Over 2026 Loan Repayment?
(DBN)

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Economy:

Inflation pressure lingering from pandemic is keeping Fed rate cuts on pause
(DBN)

Fed’s Bostic Says Many Inflation Measures Moving to Target Range
(DBN)

More interest-rate hikes aren't off the table yet, Fed president says
(DBN)

Consumer confidence rises in May but inflation worries remain
(DBN)

Jamie Dimon says there could be 'hell to pay' if the swelling private-credit market starts showing cracks
(DBN)

Walgreens announces price cuts on 1,300 items amid ongoing consumer spending fatigue
(DBN)

Meet the generation that may never retire: Why some millennials are behind on savings — and how they can catch up
(DBN)

What a Biden 2.0 economic warfare playbook might look like
(DBN)

Some companies plan to increase return-to-office requirements, despite risk of losing talent
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Weekly mortgage demand drops to three-month low, as rates begin climbing again MBA: Mortgage Applications Decreased in Weekly Survey
(DBN)

Unsold housing inventory is rising across the country
(DBN)

Inflation Adjusted House Prices 2.2% Below Peak; Price-to-rent index is 7.5% below 2022 peak
(DBN)

Home insurance rates have surged nearly 40% since 2019 – but they're rising fastest in these states
(DBN)

Warning Signals Are Flashing for Homeowners in Texas and Florida
(DBN)

Denmark has the solution to America's broken housing market
(DBN)

More people may never own a home — they're the 'forever renters'
(DBN)

6th house in 4 years collapses into Atlantic Ocean along North Carolina's Outer Banks
(DBN)

More N.Y.C. Rentals Are Available. But Can You Afford One?
(DBN)

____________

Municipalities:

Could Watertown go bankrupt? City officials weigh in
(DBN)

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Oil/Gas:

Is a Tipping Point Approaching for America's Most Prolific Oil Basin?
(DBN)

____________

Politics:

Christie gives Biden debate advice for beating Trump
(DBN)

Democrats warn against meltdown over Biden-Trump race
(DBN)

Fetterman: Trump has ‘strong position’ in Pennsylvania, but won’t win state
(DBN)

More than half of Americans are following election news closely, and many are already worn out
(DBN)

Luxury yachts and other myths: How Republican lawmakers echo Russian propaganda
(DBN)

Jill Biden urges Americans ‘to choose good over evil’ in the election
(DBN)

Pro-Israel group wages fight over Democrats' Gaza stance
(DBN)

In 2016, Trump derided favors for donors. Today, he wants to make a ‘deal.’
(DBN)

Election Security, Trump-Style
(DBN)

How a Group of Rappers Became Trump Evangelists
(DBN)

‘A dying empire led by bad people’: Poll finds young voters despairing over US politics
(DBN)

RFK Jr. complains to campaign watchdog over CNN debate criteria
(DBN)

Is Pete Buttigieg Doing a Good Job?
(DBN)

Inside Donald Trump and Elon Musk’s Growing Alliance Donald Trump is reportedly considering an advisory role for Elon Musk
(DBN)

Democratic Rep. Cuellar faces House Ethics probe
(DBN)

The obscure federal intelligence bureau that got Vietnam, Iraq, and Ukraine right
(DBN)

____________

Agribusiness:

Can Billions in New Subsidies Keep Family Farms in Business?
(DBN)

4M Iowa chickens being killed after bird flu detected at egg farm
(DBN)

How Republican Ashley Hinson's 'Farm Bill' provision could stop China's buy out of U.S. farmland - as it's revealed communist adversary has bought 347,000 acres
(DBN)

____________

Tech:

Shocking survey: Nearly half of Gen Z live a ‘double life’ online
(DBN)

Report: 14,000+ Google Search Ranking Features Leaked
(DBN)

Google’s weird AI answers hint at a fundamental problem
(DBN)

Groundbreaking AI brain implant helps stroke survivor communicate in Spanish and English
(DBN)

GPT-4 is better than humans at financial forecasting, new study shows
(DBN)

Data center demand poised to juice U.S. power needs
(DBN)

Takeoff Technologies Continues Robust Marketing and Sale Process as it Files Voluntary Proceedings Under Chapter 11 Protection
(DBN)

The Very Slow Restart of G.M.’s Cruise Driverless Car Business
(DBN)

____________

Nursing Homes:

As investors pour in, for-profit nursing homes leave some seniors in need
(DBN)

Labor costs, federal scrutiny create distress in senior living and care
(DBN)

____________

Autos:

New Cybertruck Sends Owner to the Emergency Room Before He Even Gets a Chance to Drive It
(DBN)

Nissan issues 'do not drive' warning for 84,000 older-model vehicles over Takata air bags
(DBN)

____________

Retailing:

Dollar Tree is moving into 99 Cents Only stores after bankruptcy sale
(DBN)

Best Buy posts another quarter of sluggish consumer electronics demand
(DBN)

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Entertainment:

Why Reality TV Is On Life Support
(DBN)

____________

Corporate Governance:

Elon Musk's $55 billion Tesla pay package seems to be getting mounting pushback Elon Musk offers Tesla investors factory tours to bolster $56B pay package votes Tesla Hits Back at Glass Lewis After Report on Musk
(DBN)

Elon Musk runs successful companies. That doesn't mean he's doing it very well, HR experts say.
(DBN)

____________

Pageants:

Leaked video reveals the lie of Miss Universe’s empowerment promise
(DBN)

____________

Celebs:

How Deion Sanders' son ended up declaring bankruptcy: 'Kind of stunning’ Shilo Sanders' Bankruptcy, Legal Woes Complicate NIL Story
(DBN)

____________

Publishing:

Romance Writers Group Goes Bankrupt After Diversity Fight Decimates Ranks
(DBN)

____________

Sports:

Diamond Sports Group, AT&T Agreement Rejection Approved by U.S. Bankruptcy Court
(DBN)

Inter Milan was a billionaire plaything for China’s Suning, then the money ran out
(DBN)

Debt-laden Melbourne Rebels kicked out of Super Rugby
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Distressed US M&A volumes are on the rise
(DBN)

______________

Privilege:

Attorney-Client Privilege Can Live on After a Company Dissolves
(DBN)

____________

Mass Torts:

Central Valley’s Catholic diocese joins three others in California in declaring bankruptcy
(DBN)

____________

Crypto:

Fenwick & West ‘closely intersected’ with FTX’s improper operations and management, examiner says
(DBN)

____________

Pro Se:

The Poor Man's Problem in Bankruptcy
(DBN)

____________

Aviation:

Airline SAS posts bigger Q2 loss, eyes end to restructuring
(DBN)

Biglaw Firm Fired For Arguing Maybe 9-Year-Old Girl Was Negligent In Becoming An Abuse Victim
(DBN)

Probe into deadly Singapore Airlines flight finds sharp altitude drop caused injuries Investigators reveal details about just how bad the deadly Singapore Airlines turbulence was Singapore Airlines jet endured huge swings in gravitational force during turbulence, report says
(DBN)

Boston-bound flight aborts takeoff at Reagan National to avoid runway collision
(DBN)

Black passengers sue American Airlines, alleging they were thrown off a plane because of false body odor complaint
(DBN)

Charted: Turbulence ahead for American Airlines
(DBN)

American Air Fired Commercial Head After Pointed Bain Report American shares tumble 13% after sales strategy backfires; carrier cuts growth
(DBN)

____________

Utilities:

White House announces actions to modernize America’s electrical grid, paving the way for clean energy and fewer outages
(DBN)

____________

Education:

Activism Thrives on Campus. What Happens After Graduation?
(DBN)

____________

Tourism:

Las Vegas April 2024: Visitor Traffic Up 3.8% YoY; Convention Traffic Up 36%
(DBN)

____________

Banking:

FDIC: Number of Problem Banks Increased in Q1 2024
(DBN)

____________

Fraud:

Before MoviePass (and since), Ted Farnsworth has had a string of failed businesses. Here's a timeline.
(DBN)

____________

Climate:

As more older Americans move to the coasts, rising seas are wiping out their homes — and retirement dreams
(DBN)

The hail in Texas was so big Tuesday that it required a new description Texas leads in heavy weather events this year
(DBN)

How one weather extreme can make the next one even more dangerous
(DBN)

____________

Sovereigns:

US hopes Ukraine will agree on debt restructuring with private creditors
(DBN)

____________

UK:

Regulator hikes compensation levy by 300% following Axiom Ince fiasco
(DBN)

London Evening Standard to close daily newspaper and launch new weekly
(DBN)

Rishi Sunak wears £750 backpack to one of country's poorest areas
(DBN)

The Return of Nigel Farage
(DBN)

____________

MENA:

The UAE New Bankruptcy Law Resolves Debtors' Financial Distresses
(DBN)

Biden's $1 billion weapons package to Israel is coming back to haunt him
(DBN)

Democrats Surprised To Learn Bombs Are Used To Bomb People
(DBN)

'All Eyes on Rafah' image shared by millions on Instagram following Israeli airstrike Why the uncanny “All eyes on Rafah” image went so viral
(DBN)

What the I.C.J. Ruling Actually Means for Israel’s Offensive in Rafah
(DBN)

Hamas bears ultimate responsibility for Rafah
(DBN)

Why Israel can't destroy Hamas
(DBN)

EU’s Charles Michel backs recognition of Palestinian statehood
(DBN)

Netanyahu frequently makes claims of antisemitism. Critics say he’s deflecting from his own problems
(DBN)

Israel Sees Seven More Months of Fighting to Defeat Hamas
(DBN)

Israel says it’s taken control of key area of Gaza’s border with Egypt awash in smuggling tunnels
(DBN)

Rioters set fire to Israeli embassy in Mexico City
(DBN)

Turkey's Erdogan Calls On 'Islamic World' To Take Action Over Gaza
(DBN)

Clock ticks on U.S.-Saudi deal as election and Gaza war threaten to derail landmark agreement
(DBN)

____________

Russia:

Putin warns West of ‘serious consequences’ if Russian soil is hit Putin claims that if Ukraine uses long-range weapons with NATO support a ‘global conflict’ could be triggered
(DBN)

Soldiers in Ukraine say US-supplied tanks have made them targets for Russian strikes
(DBN)

Blinken Signals U.S. May Allow Ukraine to Strike Inside Russia With American Weapons
(DBN)

Putin’s plot to destroy NATO is reaching its devastating climax
(DBN)

NATO doesn't have enough air defenses to protect Eastern Europe from an invasion: report
(DBN)

US-supplied tanks aren't sufficient in a 'war of drones,' Ukrainian soldier told CNN
(DBN)

____________

China:

China mulls record fine for PwC over Evergrande auditing Hong Kong regulator to probe PwC auditing role over Evergrande
(DBN)

Is China Stockpiling Resources to Prepare for War?
(DBN)

China's quest to turn the yuan into a global currency isn't actually driven by domination. It's about sanctions.
(DBN)

____________

Mexico:

Mayoral candidate murdered, another wounded days before Mexico elections
(DBN)

____________

Argentina:

Argentina’s President Tours World to Meet Supporters, Leaving Setbacks at Home
(DBN)

____________

India:

Eight years on, recoveries through insolvency code remain disappointing
(DBN)

Timely rescue of firms pushes IBC recovery to 49%
(DBN)

Insolvency And Bankruptcy Code: Value-Discovery Or Value-Recovery?
(DBN)

____________

Brazil:

Creditors of Brazil utility Light approve restructuring plan
(DBN)

____________

Australia:

Landmark Cross-Border Insolvency Case Sees Court Vary Summons and Order Trustees to Pay Security for Costs
(DBN)

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