May 9, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law firms register record revenue and rate growth
(DBN)

Law Firm Profit in Peril as Receiver Seeks Disgorgement
(DBN)

Elite New York Firms Finally Join Big Law’s Free Agent Era
(DBN)

Am Law 200 Tells The Story Of The Biglaw Haves And Have Nots
(DBN)

Biglaw's Footprint Is Shrinking
(DBN)

Clients Shouldn't Mind If Lawyers Get Along With Adversaries
(DBN)

Hackers Behind MGM Attack Targeting Financial Sector in New Campaign
(DBN)

Biglaw Associate Shot, Killed After Attempting To Help Angry McDonald's Customer
(DBN)

As judgment preservation insurance gains steam, appellate decision leaves insurers ‘on the hook’ for millions Liberty, Insurers Take Hit on $1.6 Billion IBM Judgment Policy
(DBN)

ABA is committed to protecting sexual assault survivors in bar admissions process, letter says
(DBN)

Looking for practice advice on email discussion lists? Don’t forget client confidentiality responsibilities ABA Issues Opinion on Disclosing to Clients When Using Listservs
(DBN)

Georgia appeals court will hear Trump bid to disqualify D.A. Fani Willis in election case Trump wins further delay in another one of his criminal cases — this time in Georgia Fani Willis refuses to testify before GOP-led Georgia panel
(DBN)

Judge Cannon Postpones Trump Case Citing Backlog Of Motions She Failed To Rule On Ty Cobb slams Cannon for indefinitely postponing Trump trial Lawyers mock Mar-a-Lago judge as intellectual lightweight as Trump trial date evaporates
(DBN)

Trump Whines That His Gag Order Encourages ‘Sleazebags, Lowlifes, and Grifters’ Trump’s Lawyers Bullying Stormy Daniels Is a Risky Strategy Will Trump take the stand in his criminal trial? Questions about Trump’s hush money criminal trial, answered Stormy Daniels to face tough questions from Trump lawyers at trial
(DBN)

RNC lawyer Charlie Spies was ousted after sustained lobbying from MAGA influencers
(DBN)

Former clerk and lawyer in Michigan face charges over voter data breach
(DBN)

The Tawdry Decade of Trump Could Desensitize Any Juror
(DBN)

Trump’s political fate likely won’t be decided by the courts after all Trump's hush money trial progresses as three others hang in limbo Everything's Coming Up Milhouse For Trump
(DBN)

‘The Committee finds itself on a hamster wheel’: Bankruptcy judge warned Rudy Giuliani his creditors were angry, but ‘frustrations are reaching a fever pitch’
(DBN)

Giuliani Accused of New False Remarks About Georgia Poll Workers
(DBN)

MyPillow CEO finally surrenders in lawsuit to get cellphone back
(DBN)

Abortion, civil rights top issues Americans would risk arrest to protest: Poll
(DBN)

Federal judges skeptical of Idaho's quest to prosecute 'abortion trafficking' Federal judge slams Alabama attorney general in abortion travel lawsuit
(DBN)

Catholic school can fire gay drama teacher for marrying, court rules
(DBN)

Biden prepares to unveil new asylum change Schumer plans to revive bipartisan border deal
(DBN)

Nearly 700 Jewish professors call on Biden not to sign controversial antisemitism legislation
(DBN)

Man Is Charged After Hitting Pro-Palestinian Protester With His Car
(DBN)

Appeals court rejects qualified immunity for police officers who arrested 'Good Samaritan'
(DBN)

Mother tried to hire agent to kill 2 witnesses who sent her son to prison, police say
(DBN)

Air Force airman killed by Florida deputies who were at wrong apartment, attorney says
(DBN)

Jury awards $9M in damages to tennis player Kylie McKenzie in sexual assault case
(DBN)

Grandpa left 7-year-old with homeless woman for $20 so he could go to a bar, cops say
(DBN)

'Made me sick': Mayor says he couldn't look past 2018 email about code in lead up to Finner retiring
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Judges:

Shopping for the Judge You Want Honed to Perfection in Texas
(DBN)

President Biden Names Forty-Ninth Round of Judicial Nominees
(DBN)

Judge ordered removed for ‘troubling inability to conform his behavior’ to judicial standards
(DBN)

Judge Removed After Trying To Beat Prosecutors At Their Own Job, Etc.
(DBN)

Biglaw Partner Says Judge Assaulted Him When They Were Both Associates -- Now He Wants The Judge To Recuse Himself
(DBN)

John Oliver Tries Yet Again To Bribe Clarence Thomas Into Retiring From SCOTUS With $1 Million A Year Offer
(DBN)

How Originalism Ate the Law
(DBN)

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Wall Street:

Stock futures slip as Treasury yields tick higher
(DBN)

David Zervos: Blame traders living in rate cut la-la land for recent market turbulence
(DBN)

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Layoffs:

TSB to Cut 250 Roles and Shut 36 Bank Branches on Online Shift
(DBN)

Siemens Energy to Cut Jobs, Output in Tough Wind Unit Turnaround
(DBN)

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Tech:

Workers hiding AI use on important tasks over fears about being replaced: Research
(DBN)

Rifle-Armed Robot Dogs Now Being Tested By Marine Special Operators
(DBN)

How AI tells Israel who to bomb
(DBN)

Sam Altman doesn't think we are worried enough about how AI will impact the economy
(DBN)

Meet AdVon, the AI-Powered Content Monster Infecting the Media Industry
(DBN)

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Autos:

In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
(DBN)`

Tesla Quietly Removed All US Job Postings
(DBN)

Tesla's China Sales Fall by Nearly 20%
(DBN)

Rivian Sticks With EV Forecast Despite Wider-Than-Expected Loss
(DBN)

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Entertainment:

Summer box office bust? This season’s movie slate could put up the lowest haul in decades
(DBN)

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Student Debt:

‘I plan on dying with student debt’: What people say about Biden’s new aid plan
(DBN)

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Banking:

FDIC chief facing pressure to resign after scathing report 'Patriarchal, insular, and risk-averse': FDIC inquiry finds pervasive sexual harassment
(DBN)

Collapsed Republic Bank A Veritable Red Flag Emporium
(DBN)

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Transit:

Suburban backlash threatens country’s biggest transit systems
(DBN)

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Student Debt:

Key student-debt relief programs are at risk if Congress doesn’t boost Education Department funding, 25 Democratic lawmakers say
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Retailing:

Grocery Outlet stock takes a dive on ‘disappointing’ earnings report
(DBN)

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Economy:

ECB’s Holzmann Says Fed Is Gorilla in Room Thanks to Dollar
(DBN)

Here’s why entry-level jobs feel impossible to get
(DBN)

Is the Economy As Bad as Americans Think?
(DBN)

Inside Biden's CEO seduction
(DBN)

Extending Trump’s tax cuts would cost US trillions of dollars in new forecast
(DBN)

Young workers say working 4 days a week would actually make them better employees
(DBN)

How the U.S. economy adapted to 5% interest rates
(DBN)

Biden’s biggest challenge: How do you even spend $1.6 trillion? 4 takeaways on Biden’s massive spending plans Poll: Biden touts his four major infrastructure and clean energy laws. Voters doubt they’re working Biden's trillion-dollar spending challenge
(DBN)

Addiction to debt has left the global economy one shock away from disaster
(DBN)

What the rising US debt means for Americans
(DBN)

38% of Americans have ‘never felt more uninspired at work than they do now’
(DBN)

Desperate for Workers but Dead Set Against Migrant Labor: The West Virginia Dilemma - WSJ
(DBN)

Biden mocks Trump over failed Foxconn project in Wisconsin Biden touts new Microsoft data center at failed Foxconn site Trump backed
(DBN)

Biden Looks to Thwart Surge of Chinese Imports
(DBN)

The one reason America’s population isn’t about to start shrinking
(DBN)

Where the class of 2024 wants to work
(DBN)

Visualizing the Tax Burden of Every State
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates MBA: Mortgage Applications Increased in Weekly Survey
(DBN)

US 30-Year Mortgage Rate Falls for First Time Since March
(DBN)

1st Look at Local Housing Markets in April
(DBN)

Leading Index for Commercial Real Estate Increased 6% in April
(DBN)

Want to sell your home? Get ready for disappointment.
(DBN)

Lumber Prices Mostly Unchanged YoY
(DBN)

WeWork asks bankruptcy court to retain two Colorado locations, with more likely to follow
(DBN)

Oceanwide Plaza put up for sale in downtown L.A. following graffiti and bankruptcy Graffitied skyscraper in downtown Los Angeles poised for sale
(DBN)

Columbus: Judge appoints receiver for Downtown's KeyBank building left in 'abysmal state'
(DBN)

Couple sue after paying HGTV's Property Brothers $200k to make over their home for TV show only to find it filled with serious faults including dishwasher deemed a biohazard
(DBN)

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Municipalities:

UBS facing over $600 million in claims over Puerto Rico funds
(DBN)

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Healthcare:

Steward, staring down $9 billion in debts, will auction off 31 hospital properties Who is Ralph de la Torre? The CEO of Steward Health Care with a $40 million yacht Steward can’t even get bankruptcy right, state says Payroll ruling launches Steward bankruptcy case Judge OKs bridge financing, hospital sales by Steward Health Why is Healey pretending everything at Steward will be OK?
(DBN)

Congressional progressives want to eliminate medical debt
(DBN)

You've covered your copayment: Now brace yourself for the 'facility fee'
(DBN)

Twin Cities Health Services mental health and recovery center files for Chapter 11
(DBN)

Just One Human Is Infected by Bird Flu in the US. More Cases Are Likely
(DBN)

Shocking poll: Nearly 1 in 3 Americans live in constant pain
(DBN)

Colon cancer rates have been rising for decades in younger people, study finds
(DBN)

Here are the ultraprocessed foods you most need to avoid, according to a 30-year study
(DBN)

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Fraud:

Chinese network behind one of world’s ‘largest online scams’
(DBN)

Trial About to Begin for Billionaire Trader Accused of ‘Pump and Brag Scheme’
(DBN)

Jurors to Be Chosen in Bill Hwang's Trial Over Archegos Collapse
(DBN)

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Politics:

Rating change: Nevada a Toss-up in presidential race
(DBN)

Biden And Trump Neck-And Neck, But Most Americans Think Trump Will Win: I&I/TIPP Poll
(DBN)

5 twists that could shake up the election before November
(DBN)

Biden says Trump won't accept 2024 election results
(DBN)

Kristi Noem refuses to say if Mike Pence did the right thing by certifying 2020 election Megyn Kelly slams Noem’s ‘lies’ following dog, North Korea fallout: ‘She’s been exposed’ Noem Calls Off Disastrous Book Tour
(DBN)

Corporate leaders, wealthy donors want a say in Trump’s vice presidential pick
(DBN)

Haley nabs 128,000 votes in Indiana GOP primary months after ending campaign Donald Trump Has a GOP Base Problem
(DBN)

Paul Ryan says he won’t vote for Trump: ‘I’m gonna write in a Republican’
(DBN)

‘A little bold and gross’: Oil industry writes executive orders for Trump to sign
(DBN)

House votes overwhelmingly to save Speaker Johnson from Marjorie Taylor Greene's push to oust him Greene booed as Republicans turn on her over bid to oust Speaker Johnson GOP, Dems show rare unity in killing Greene motion Mike Johnson is no Forrest Gump Trump: 'Not the time' for Greene's effort to boot Johnson as Speaker Johnson survived his first ouster attempt. Making it past November will be harder Democrats make no promises about bailing out Mike Johnson again Greene and Massie welcome GOP haters after overwhelming ouster vote
(DBN)

The Fizzled Rebellion of the House Extremists
(DBN)

McCarthy Slams Gaetz as ‘The Hunter Biden’ of the GOP: He’s ‘Buying Coke and Paying Minors for Sex’
(DBN)

RFK Jr. says parasite ate part of his brain How the parasite that RFK Jr. said he contracted infects the brain JFK grandson mocks RFK Jr. as family feud intensifies
(DBN)

The Republican who won an Indiana House primary was dead
(DBN)

GOP Rep Accused of Assault by Palestinian-American Activist
(DBN)

Barron Trump to step into the political arena as a Florida delegate at the Republican convention Barron Trump, 18, uses his charm to schmooze conservatives, gets into mischief with friends and has his own political aspirations
(DBN)

Georgia just made it easier to challenge elections — and harder to vote in them
(DBN)

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Art:

Low on Hype, New York’s Big May Art Auctions Face New Reality
(DBN)

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Cannabis:

High Times Scrambles to Pay Creditors: Puts Assets Up for Sale - Business of Cannabis
(DBN)

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Food/Beverage:

Nashville-based Back Yard Burgers may face liquidation
(DBN)

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Pageants:

Miss Teen USA resigns days after Miss USA steps down
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11/9/12/15 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Chapter 11 Megacases Start the Year Strong
(DBN)

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Mass Torts:

The Texas Three-Step
(DBN)

Former students say a California school district ‘ignored and concealed’ sexual abuse
(DBN)

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Avoidance Actions:

Foreclosure Sales as Fraudulent Transfers
(DBN)

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Consumer Bankruptcy:

Consumer Bankruptcy and Unemployment Insurance
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Aviation:

Shady Southwest passengers are abusing the preboarding process — and fellow flyers are furious
(DBN)

Air Baltic Forced to Pay Up in Second Run at Junk Refinancing
(DBN)

Air Vanuatu cancels flights and considers bankruptcy protection “Facing bankruptcy”: Air Vanuatu suspends flights Thousands stranded as airline considers bankruptcy
(DBN)

Boeing whistleblower says he was pressured to hide defects
(DBN)

Airlines clash with European Union over greenwashing claims
(DBN)

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Crypto:

FTX Bankruptcy Plan: What's with the "Consensus" Interest Rate?
(DBN)

FTX plans to give customers their money back — with one painful caveat FTX plans to repay customers "in full." Here’s why they still lose The $17 billion surprise: Customers of Sam Bankman-Fried’s FTX are set to get all their money back FTX customers may get their money back, but not gains from crypto price increases FTX customers are getting a rare good deal. Here’s why some are still angry
(DBN)

Core Scientific sees revenue surge in 1Q24 after emerging from bankruptcy
(DBN)

Crypto Markets Under Pressure as $2B Worth of Altcoin Token Unlocks and $11B Bitcoin Bankruptcy Distribution Loom
(DBN)

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Education:

US Public Colleges Saw Record Drop in Tuition Revenue Last Year
(DBN)

67 percent in new poll concerned campus protests will lead to violence How to Define ‘Antisemitism’ Is a Subject of Bitter Debate. An Inside Look at the Student Takeover of Columbia’s Hamilton Hall The Campus Protests Signal the End of an Era for the Democrats Contractor paints over anti-Israel student protesters at Ohio’s CWRU after they refused to move Police Break Up Protest Encampment at George Washington University U.S.C. Tries to Manage ‘Train Wreck’ of a Graduation USC faculty senate votes to censure president and provost over commencement
(DBN)

A disturbing national security bill could silence nonprofits and college protests
(DBN)

House Republicans accuse K-12 leaders of weak response to antisemitism in schools School district leaders refute accusations of being soft on discipline for antisemitism In Combative Hearing, New York School Chief Turns Tables on Republicans 4 Takeaways as School Leaders Battle Charges of Tolerating Antisemitism How Is This Antisemitism Hearing Different From Ones on College Campuses?
(DBN)

High school students join Gaza protests and Congress is watching
(DBN)

Feds find civil rights violations in Southlake, Texas, schools, students' lawyers say
(DBN)

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Climate:

World's record-breaking temperature streak extends through April
(DBN)

Brazil Floods Wreak Historic Devastation, With More Rain Coming
(DBN)

China Is Way Ahead in Green Energy. Here’s Why That’s Risky for the U.S.
(DBN)

Corporate climate watchdog document deems carbon offsets largely ineffective
(DBN)

We asked 380 top climate scientists what they felt about the future...
(DBN)

ECB Scores Win in Push to Prepare Banks for Climate Loan Losses
(DBN)

The Fraught Process of Measuring Bank Climate Progress
(DBN)

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Sports:

Diamond Sports Group blames Comcast Xfinity for blackout in open letter to subscribers
(DBN)

Taxpayers Are About to Subsidize a Lot More Sports Stadiums
(DBN)

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Sovereigns:

The Judgment Holder Problem in Sovereign Debt Workouts
(DBN)

Sri Lanka looks for USD 17 billion debt reduction from restructuring
(DBN)

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UK:

Trump’s just misunderstood, says UK Labour Party
(DBN)

World tensions ‘coming to the boil’, warns UK Armed Forces head
(DBN)

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Ireland:

State officials dismiss prospect of insolvency ‘tsunami’
(DBN)

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MENA:

Netanyahu weighs risks of Rafah assault as hostage dilemma divides
(DBN)

Biden warns U.S. will cut off offensive weapons if Israel invades Rafah Biden to stop sending weapons to Israel if they launch 'major' invasion of Rafah Israel’s Rafah operation is fueling tensions with Washington. Here’s the reality on the ground. Austin confirms US pausing bomb shipments to Israel, but commitment still ‘ironclad’ Israel deeply frustrated that U.S. paused arms shipment over Rafah fears, official says Israel warns U.S. that weapons pause could sabotage hostage talks Biden draws GOP’s wrath with pause in bombs shipment to Israel Johnson, McConnell demand Biden explanation on delay in sending weapons to Israel Israel’s US ambassador slams House Dems for trying to block military aid Biden faces internal blowback over Israel weapons pauses
(DBN)

Israel and Hamas aren’t that far apart in ceasefire talks
(DBN)

Israel, Hezbollah trade heavy fire; Violence escalates
(DBN)

Iran has launched a new crackdown on women defying its strict dress code
(DBN)

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Russia:

Ukraine orders nationwide electricity rationing after Russian airstrikes
(DBN)

Ukraine’s Kyiv, Lviv Under Attack After More Than 1 Month Pause
(DBN)

Kremlin warns of ‘huge danger’ if NATO troops are sent to Ukraine, says it’s watching the West closely
(DBN)

Putin warns of global clash as Russia marks victory in World War II
(DBN)

The Russian Landgrab in Occupied Ukraine
(DBN)

Putin Wants Russians to Live Longer as Demographic Crisis Grows
(DBN)

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China:

While U.S. pays little attention to Latin America, China has moved in
(DBN)

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Germany:

Attacks on German politicians stir memories of Nazi past Going to the extreme: Inside Germany’s far right
(DBN)

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Japan:

Japan Now Has 9 Million Vacant Homes
(DBN)

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