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May 6, 2024

The Daily Bankruptcy News

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Law:

Biglaw Set To Have A Booming 2024
(DBN)

Freshfields Raises UK Lawyer Pay By 20%, Citing Strong Growth
(DBN)

Trendspotting: Biglaw's Boston Office Bonanza
(DBN)

Big Law, Defined Most by Talent, Is Driven to Early Recruitment
(DBN)

Law Students May Regret Snap Career Decisions Made First Year
(DBN)

Britney Spears Gives Glowing Recommendation Of Her Lawyer, Biglaw Partner Mathew Rosengart
(DBN)

The Latest Right-Wing Culture War Is... LSAT Reform?
(DBN)

Lawyer Writes Best Ever Response To Cease & Desist Letter
(DBN)

Columbia Law Review Asks To Cancel Exams Amid Administrative Grading Confusion, General Absolute Chaos
(DBN)

Law Revue Video Contest 2024: The Finalists!
(DBN)

People Should Stop Using Law School Email Accounts Years After Graduating
(DBN)

Bankruptcy law firm files for Chapter 11 after losing advertising dispute
(DBN)

Hope Hicks testifies in Trump hush money trial Hope Hicks’ testimony was a nightmare for Trump Hope Hicks divulges being at center of Trump’s 2016 damage control "This was a crisis": Hope Hicks testifies in N.Y. criminal trial and other week three highlights Former Trump Aide Hope Hicks Testifies He Told Her to Deny Stormy Daniels Affair Reporter says this moment made Hicks realize she could have sunk Trump’s defense Hicks offers a glimmer of hope for Trump's defense Hope Hicks breaks down in tears while Trump shows no emotion: How nervous aide kept her eyes off her old boss while she delivered tearful and devastating testimony Trump told Hicks that Cohen paid $130K to Daniels 'out of the kindness of his own heart' to silence a false allegation Another week, another round of false Trump claims about his trial Witnesses didn’t have nice things to say about Cohen, and other takeaways from Trump’s hush money trial so far ‘Defense is salivating for Michael Cohen’: Federal criminal defense lawyer on who may testify next in Trump trial Judge slams Trump over false claim he made in criminal trial Confused Man Insists He Can't Testify Because Of Gag Order Judge corrects Trump falsity on gag order, but will he notice latest Truth Social attack? Second gag order hearing in Trump hush-money case leaves judge unimpressed Secret tape of Donald Trump ‘discussing $150,000 hush money payment to Playboy model Karen McDougal’ played at trial Prosecutors move deeper into Trump’s orbit as testimony in hush money trial enters a third week
(DBN)

Prosecutors: Docs in boxes seized from Mar-a-Lago were inadvertently jumbled
(DBN)

RNC lawyer Charlie Spies to step down just 2 months after taking the job
(DBN)

Trump valet wants all evidence from Mar-a-Lago search suppressed under 4th Amendment 'Nothing like that happened here': Jack Smith rakes Trump butler claim of unlawful search Prosecutors release new version of Mar-a-Lago search warrant affidavit
(DBN)

Jack Smith pillories new defense effort to delay deadlines in Mar-a-Lago case Defense filing in Trump Mar-a-Lago case asks for another delay over discovery
(DBN)

Trump begs judge to toss Mar-a-Lago charges because Dr. Deborah Birx wasn't prosecuted
(DBN)

Man posts death threats against Fulton County District Attorney Fani Willis
(DBN)

Son of prominent conservative among first to invade Senate floor deserves 12 years: Feds Judge excoriates Jan. 6 rioter who beat officer with metal crutch and 'fed' him to mob
(DBN)

Ex-government employee sent fake tips about co-workers rioting at Capitol on Jan. 6: Feds
(DBN)

John Eastman Suspended From Practicing Law by DC Appeals Court John Eastman barred from practicing law in D.C. pending ‘final disposition’ of disciplinary proceedings in California
(DBN)

Mark Meadows unmasked in Arizona fake electors indictment, faces 9 felony charges: Report
(DBN)

Jeff Daniels plays real estate mogul. Is 'A Man in Full' a political satire of Donald Trump?
(DBN)

Texas man wants court order to investigate woman’s out-of-state abortion The Governor of Kansas Vetoed Four Anti-Abortion Measures. Republicans Rammed Them Through Anyway Where can Fla. women go amid strict abortion ban?
(DBN)

Texas National Guard Fires on Migrants, Video Appears to Show Biden beefs up border team as pressure builds
(DBN)

Democratic US Rep. Henry Cuellar of Texas and his wife indicted over ties to Azerbaijan Democratic Rep. Cuellar indicted on conspiracy and bribery charges First House Democrat calls on Henry Cuellar to resign
(DBN)

Captain sentenced over deadliest maritime disaster in recent U.S. history Boat captain who jumped ship as inferno killed 34 sentenced for 'seaman's manslaughter'
(DBN)

Wife of California doctor who drove her and his kids off cliff in failed murder-suicide bid begs prosecutors to drop charges because 'we need him home' and blames 'mental health episode' for Tesla plunge
(DBN)

TX AG Ken Paxton sues to block Biden admin from closing 'gun show loophole'
(DBN)

Texas Car Dealer Mogul Sure Likes Setting Things on Fire: Police
(DBN)

Pizza delivery driver shot at 7 times after parking in wrong driveway, police say
(DBN)

Two defendants guilty of conspiracy in groundbreaking Antifa trial in San Diego
(DBN)

Wave of Legislation Seeks to Penalize Criticism of Israel as Antisemitism
(DBN)

Florida man allegedly ran to police for help after failed burglary attempt
(DBN)

Brothers serving life for murder-for-hire death of mom of 4 ordered to pay up in major way
(DBN)

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Judges:

Judge who shackled crying daughter of defendant reprimanded by Ninth Circuit
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Wall Street:

Stock futures rise to start the week on hope of Fed rate cuts
(DBN)

Wall Street big shots may be forced to cancel their summer vacations
(DBN)

‘No turning back’: This Wall Street bear is predicting the biggest market crash since 1929
(DBN)

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Layoffs:

FreeWire closes its HQ and lays off just about everyone
(DBN)

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Food/Beverage:

New owner of Etta restaurant group plans to expand nationwide with hundreds of new locations
(DBN)

We need to talk about whatever's happening with Starbucks' drinks
(DBN)

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Conventions:

How furry convention collapsed, trashed hotel
(DBN)

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Agribusiness:

Bird flu's wild range Bird flu's big question: What's driving its spread First photo of Texas farm worker who caught bird flu shows bleeding in his eyeballs
(DBN)

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Fraud:

Trump Media's Accountants Charged with Massive Fraud
(DBN)

Bankruptcy court seeks missing financial records from entrepreneur accused of fraud
(DBN)

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Climate:

Hundreds rescued from flooding in Texas as waters continue rising in Houston Heavy rains ease around Houston but flooding remains after hundreds of rescues and evacuations
(DBN)

U.S. had 300 tornadoes in April, second-most on record
(DBN)

New documents show oil executives promoted natural gas as green — but knew it wasn’t
(DBN)

How rioting farmers unraveled Europe’s ambitious climate plan
(DBN)

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Autos:

The reckoning: Chinese car wars Belgium's ports drowning under glut of Chinese electric cars: 'Some are parked here for a year, sometimes more' U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
(DBN)

Illinois Gives Rivian $827 Million in Incentives
(DBN)

What’s happening at Tesla? Here’s what experts think Have the Wheels Come Off for Tesla?
(DBN)

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Economy:

April Employment Report: 175 thousand Jobs, 3.9% Unemployment Rate Comments on April Employment Report U.S. labor market slows in April, adding 175,000 jobs
(DBN)

The job market is transitioning to a more steady state
(DBN)

Inflation is scrambling Americans' perceptions of middle class life
(DBN)

Q2 GDP Tracking: Solid Early Look
(DBN)

Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
(DBN)

Consumers are griping about economic pressures, but do their actions match their words?
(DBN)

Retailers jacked up prices and squeezed consumers. They might have just blinked
(DBN)

They have jobs but still need help to feed their families
(DBN)

Congratulations on getting your degree. Now welcome to a tricky job market.
(DBN)

'Epcot is my coffee shop': The rise of remote work at Disney World
(DBN)

'The Fed's independence has not always been guaranteed – far from it'
(DBN)

Here’s how much the average American has in their retirement savings by age
(DBN)

The bummer generation
(DBN)

U.S. billionaires now have a lower effective tax rate than working-class
(DBN)

How the world wastes hundreds of billions of meals in a year, in three charts
(DBN)

Berkshire Hathaway operating earnings soar 39% as Buffett’s cash hoard swells to record $188 billion Full recap of Warren Buffett’s comments at the Berkshire annual meeting: ‘I hope I come next year’
(DBN)

Biden vetoes bid to repeal US labor board rule on contract, franchise workers
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Inflation Adjusted House Prices 2.4% Below Peak; Price-to-rent index is 7.5% below 2022 peak
(DBN)

Soaring insurance costs could finally put a lid on home prices, real estate experts say
(DBN)

Adam Neumann’s Bid to Buy WeWork Failed. Will He Now Try to Compete With It? Rebooting WeWork
(DBN)

Real estate’s radical changes: Your NAR lawsuit questions answered
(DBN)

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Oil/Gas:

AI could drive a natural gas boom as power companies face surging electricity demand
(DBN)

Oil Companies Contaminated a Family Farm. The Courts and Regulators Let the Drillers Walk Away.
(DBN)

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Tech:

Warren Buffett: AI is a genie that "scares the hell out of me" Warren Buffett says AI may be better for scammers than society. And he’s seen how
(DBN)

New FTC transcript reveals juicy details on how Jeff Bezos and other top Amazon execs used disappearing messages
(DBN)

Elon Musk to reinstate X account of white nationalist Nick Fuentes
(DBN)

Google’s empire is massive. A judge will soon rule if it’s a monopoly.
(DBN)

Hostile Takeover: How A Legal Copywriter Feels About AI
(DBN)

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Education:

University leaders face calls for accountability after crackdowns on pro-Palestinian encampments Columbia law students want school to cancel finals, pass all students because they’re ‘irrevocably shaken’ after protest breakup Security tactics at campus protests reveal disparities Who were the ‘outsiders’ at Columbia University’s Hamilton Hall? What’s Really Happening on College Campuses, According to Student Journalists Surveillance looms over pro-Palestinian campus protests Student journalists praised for coverage on campus Gaza war protests ‘SNL’ highlights parents’ response to college protests in cold open Where college negotiations ended campus protest chaos LAPD clears out pro-Palestinian protest encampment on USC campus 25 arrested at University of Virginia after police clash with pro-Palestinian protesters Ex-Purdue president says student protesters who break laws should be expelled and replaced The First Amendment is about speech, not breaking the law: Legal expert NYC says half of those arrested at 2 pro-Palestinian campus protests were not students Eric Adams defends timing of police response on NYC college campuses Troops fired on Kent State students in 1970. Survivors see echoes in today’s campus protests Sen. Mark Kelly says it’s ‘appropriate for police to step in’ when campus protests are ‘unlawful acts’ University of Florida president on response to protests: ‘You don’t get to take over the whole university’ Metal detectors, fear, frustration. College commencements altered amid Gaza war protests After weeks of pro-Palestinian protests on campuses, colleges regroup ahead of commencement ceremonies College campuses are on edge — just in time for graduation Protesters interrupt University of Michigan commencement Photos of the US college commencement ceremonies disrupted by protests over the Israel-Hamas war Biden tries threading the needle on campus protests, war Pro-Palestianian protesters are backed by a surprising source: Biden's biggest donors Democratic rep says Biden focused on ensuring ‘consequences are proportionate’ for student protesters Khanna says Biden should visit college campuses amid protests University of Mississippi opens student conduct probe after confrontation between Black student and counterprotesters Video shows confrontation between young men and Black woman at Ole Miss Congressman praises heckling of war protesters, including 1 who made monkey gestures at Black woman Antiwar protesters are ready to hunker down past graduation ‘The Republicans Are Being Total Hypocrites’ Lindsey Graham sends UNC counter protesters Chick-fil-A for ‘protecting Old Glory’
(DBN)

The American paradox of protest: Celebrated and condemned, welcomed and muzzled
(DBN)

ADL warns of global surge in anti-Semitism
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Religion:

Methodists end anti-gay bans, closing 50 years of battles over sexuality for mainline Protestants
(DBN)

How Pope Francis opened the Vatican to transgender sex workers
(DBN)

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Crypto:

SEC's Gensler turns tide against crypto in courts
(DBN)

Former Cred Executives Indicted on Wire Fraud, Other Charges
(DBN)

25 years in prison to 4 months: Inside the final verdict on a crypto billionaire CEO archrivalry
(DBN)

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Personal Finance:

How do I stop living paycheck to paycheck?
(DBN)

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Festivals:

‘Fyre Festival of books’ conference devolves into chaos, leaves multiple bibliophiles injured: ‘It was total BS’
(DBN)

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Utilities:

Puerto Rico board threatens suit over PREPA revenue issue
(DBN)

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Banking:

At crooked Bridgeport bank, executive blew the whistle, but no one did a thing
(DBN)

The FDIC change that leaves wealthy bank depositors with less protection
(DBN)

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Retailing:

Rite Aid has already closed over 500 stores and more could be on the way
(DBN)

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Hotels:

Hotels: Occupancy Rate decreased 1.2% Year-over-year
(DBN)

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Entertainment:

Buffett says Berkshire sold its entire Paramount stake: ‘We lost quite a bit of money’
(DBN)

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Insurance:

Small insurers are growing in Louisiana. Will more go insolvent after the next big storm?
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (135 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (51 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Small Business Subchapter V Elections Increase 60% Year over Year
(DBN)

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Standing:

Trustees May Pursue Third-Party Claims Acquired From Settling Preference Defendants
(DBN)

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Aviation:

Boeing Has Lost $32 Billion Since 2019
(DBN)

Commercial jet maker Airbus is staying humble even as Boeing flounders. There’s a reason for that
(DBN)

2 Boeing whistleblowers have died in 2 months amid a series of pitched legal battles
(DBN)

TSA finds bag of snakes in passenger's pants
(DBN)

Go First won't move against Delhi High Court order, set for liquidation Go First: Nosedive into insolvency and the turbulent path to recovery
(DBN)

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Healthcare:

Steward Health Files Chapter 11 After Medical Properties Deal Steward files for bankruptcy leaving hospitals in limbo Medical Properties Trust tenant Steward files for bankruptcy protection Steward Health Care Finalizing Financing Deal With Medical Properties Trust to Support Its Restructuring Healey administration sets up command center to coordinate Steward response State considers all contingencies as bankruptcy threat looms for Steward Very bad news for Medical Properties Trust stock price
(DBN)

Thousands Believe Covid Vaccines Harmed Them. Is Anyone Listening?
(DBN)

May 3rd COVID Update: Deaths Continue to Decline
(DBN)

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Pharma:

Opioid Manufacturer Endo Health Solutions Inc. Ordered to Pay $1.536B In Criminal Fines and Forfeiture for Distributing Misbranded Opioid Medication
(DBN)

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Politics:

Shock survey reveals huge number of Americans see another civil war within five years
(DBN)

Fact Check: Trump made at least 32 false claims in the interviews that Time released last week
(DBN)

This is 2024’s new political normal
(DBN)

GOP official argues in favor of child marriage: Girls are ‘ripe’ and ‘fertile’
(DBN)

Why election polls were so wrong in 2016 and 2020 — and what’s changing to fix that
(DBN)

Here’s where Biden and Trump stand on 10 key issues
(DBN)

Former RNC chair: Trump ‘afraid of losing,’ most important thing to him ‘is his ego’
(DBN)

Trump calls classified documents special prosecutor Jack Smith a 'f------ a------', brands Fani Willis a 'real beauty' and likens himself to Al Capone during fiery Mar-a-Lago speech At a private donor event, Trump likens the Biden administration to the 'Gestapo' Here’s who was with Trump at RNC’s spring meeting at Mar-a-Lago
(DBN)

What makes rational people believe irrational things?
(DBN)

An expensive, personal, very close presidential race careens toward an uncertain end 6 months out, a tight presidential race with battle between issues and attributes
(DBN)

Sen. Tim Scott dodges on whether he would accept 2024 election results ‘A very chilling signal’: Ex-Trump DHS official reacts to Tim Scott’s answer about accepting election results
(DBN)

RNC, Trump campaign sue to to stop law permitting ballot counts up to 4 days post election
(DBN)

A group of Republicans has united to defend the legitimacy of US elections and those who run them
(DBN)

Democratic convention organizers work to balance free speech with safety amid tensions over protests
(DBN)

Corporate sponsors want nothing to do with a Trump GOP convention: report
(DBN)

Democrats warn Mike Johnson: Don't get used to us saving you Mike Johnson's short game RNC chair calls for party unity as Greene’s motion to vacate looms Greene fires back after Fox News columnist calls her an ‘idiot’
(DBN)

‘There’s vote-buying going on at a scale like we have never seen before’
(DBN)

Black voters won a big victory in Louisiana. Some White voters said it violated their ‘personal dignity’
(DBN)

Trump VP hopeful Kristi Noem suggests Biden’s dog Commander should also be put down
(DBN)

‘They May Be Republicans, But They Still Come in for Services’
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UK:

The UK’s controversial Rwanda deportation plan, explained
(DBN)

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Canada:

Consumer insolvencies rise again as business stats almost double
(DBN)

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MENA:

Sen. Mark Kelly: Conditions on aid to Israel would be 'appropriate' if civilian death toll in Gaza doesn't drop Biden faces new Democratic pressure to rein in Israel
(DBN)

U.S. put a hold on an ammunition shipment to Israel
(DBN)

Queen Rania of Jordan says U.S. is seen as "enabler" of Israel
(DBN)

Israeli military orders Gazans in parts of eastern Rafah to ‘evacuate immediately’
(DBN)

Israelis rally to demand Gaza ceasefire and PM Netanyahu's resignation
(DBN)

CIA director in Cairo as talks for Israel-Hamas deal reach critical point Hamas says latest cease-fire talks have ended. Israel vows military operation in ‘very near future’ Israel has briefed US on plan to evacuate Palestinian civilians ahead of potential Rafah operation Israel strikes Rafah after Hamas claims rocket attack at border crossing CIA chief headed to Qatar for 'emergency' meeting on Gaza talks
(DBN)

Cindy McCain: Northern Gaza is in a 'full-blown famine'
(DBN)

Netanyahu’s Cabinet votes to close Al Jazeera offices in Israel after rising tensions
(DBN)

This 100-year-old Jewish activist is speaking up again — this time about Gaza
(DBN)

US Marines official: Nearly half of drones IDF shoots down are its own
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Russia:

Ukraine claps back after Russia puts Zelenskyy on 'wanted list'
(DBN)

NATO drills show it is preparing for potential conflict with Russia, Moscow says
(DBN)

Russia’s War Mobilization Starves Its Crucial Oil and Gas Industry of Workers
(DBN)

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India:

An Indian woman accused her husband of forcing her to have ‘unnatural sex.’ A judge said that’s not a crime in marriage
(DBN)

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Australia:

ATO targets directors over $2.5 billion in unpaid super, GST, employee income tax
(DBN)

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India:

India witnesses 43% surge in successful insolvency resolutions, pendency declines in FY24
(DBN)

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Italy:

Italy's white-collar mafia is making a business killing
(DBN)

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