November 14, 2024

The Daily Bankruptcy News

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Law:

The First Milbank Match Is Here -- Including Special Bonus Money!
(DBN)

It's Officially Bonus Time, But Will Other Firms Finally Offer Associates That Milbank Special Bonus Money -- Or Even Bigger Bonuses?
(DBN)

NY To $235K?! Could Biglaw Base Salaries Increase In 2025?
(DBN)

Law Firm Revenue Soars 12% as Lawyers Get Back to Being Busy
(DBN)

Remembering Ted Olson, a titan of the law
(DBN)

“Your body, my choice”: The misogynist MAGA attack, explained
(DBN)

Biglaw Partner Removed From Firm After Wife's Remains Found In Stairwell
(DBN)

Firm Announces New Compensation Model In Preparation For Merger
(DBN)

Aspiring law students could skip standardized admissions testing under new ABA variance
(DBN)

Trial gets underway for alleged hit man accused of shooting attorney for litigant friend
(DBN)

Lawyer accused of stealing over $31K from jailed woman after she signed power of attorney at his request
(DBN)

Harvard Triples Down On Punishing Campus Free Speech, Adds Prayer To No-No List
(DBN)

Special counsel Jack Smith and his team to resign before Trump takes office Special counsel asks judge to pause his appeal in Trump's classified documents case
(DBN)

Mom of 8 jailed for actions on January 6 expects a pardon from Trump
(DBN)

Jan. 6 rioter in Donald Trump hat faced off with cops, gave them the middle finger: Feds
(DBN)

'I can't buy food': Giuliani pleads for public donations after checking accounts seized Rudy Giuliani’s lawyers abruptly quit defamation case
(DBN)

Jan. 6 rioter who stole Nancy Pelosi's laptop now facing charges, feds say
(DBN)

Donald Trump's Unusual Pick For Attorney General Matt Gaetz For Attorney General. Sure, Why Not. Trump taps Rep. Matt Gaetz as attorney general Some Republicans shocked Trump picked Gaetz for AG John Fetterman Calls Matt Gaetz Appointment 'God-Tier' Trolling Trump's Gaetz pick as AG triggers audible gasp among some congressional Republicans Republicans React to Matt Gaetz's Attorney General News: 'No Good Comment' Matt Gaetz Attorney General Nomination May Spark 'Interesting' Confirmation Trump Ally Gaetz Tapped for Attorney General, Resigns House Seat Trump’s Unconventional Picks All Share Key Quality: Loyalty Gaetz pick shows value Trump places on loyalty — and retribution Gaetz Could Get Confirmed Without the Senate: How Recess Appointments Work
(DBN)

Virginia man who made ricin and alarmed his own militia is sentenced
(DBN)

MAGA influencer Nick Fuentes accused of assaulting woman outside his home
(DBN)

Donald Trump Agrees to New Trial Date in Defamation Case
(DBN)

RNC election lawyer, a ‘very genial guy,’ will be new White House counsel
(DBN)

Travis Kelce’s ‘first Super Bowl jersey & at least $100k in jewelry & designer clothes stolen’ in shock mansion break-in
(DBN)

2,100 Fakes Rounded Up in Art Forgeries Bust
(DBN)

Guest gives a look inside one of Diddy’s ‘freak offs’ in Miami Beach: ‘Pretty crazy’ Diddy wins third-chance hearing to argue for bail in sex-trafficking case Block Employees Ordered To Pretend That P. Diddy’s Buddy Isn’t On Its Board
(DBN)

Gun groups sue to overturn Maine’s new three-day waiting period to buy firearms
(DBN)

Man who helped restrain Jordan Neely testifies Man admits he lied about subway attack that led to fatal chokehold
(DBN)

Maryland students charged with hate crimes over alleged beating of gay man
(DBN)

Fingerprint leads to arrest in 1978 double murder 71-year-old man arrested for 1978 cold case double murder
(DBN)

California teen pleads guilty to making hundreds of ‘swatting’ calls across the US
(DBN)

'I put her in the icebox': Woman allegedly kept dead roommate in freezer after killing her
(DBN)

Mom abandoned son on highway in middle of night, falsely reported him kidnapped: Sheriff
(DBN)

Man 'executes' couple he owed $80K to, burns their bodies and Teslas in desert: Cops
(DBN)

Trio stuffed 6-year-old in dryer spin cycle because he was crying about losing chips: Cops
(DBN)

Woman 'spontaneously admitted' to attacking neighbor over Christmas decorations: Police
(DBN)

I Sat in Court the Day an Infamous Cold Murder Case Finally Broke Open
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Judges:

Biden faces shrinking window for judicial nominations
(DBN)

An Interview with Judge James C. Ho
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Two Republicans Resist Trump Demand on Biden Judicial Picks
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Judge recuses from Arizona fake electors case after urging colleagues to defend Harris
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Wall Street:

Stock futures rise modestly as Wall Street tries to regain postelection momentum
(DBN)

Markets are priced to perfection on the Trump trade. Here’s why that could be a problem
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Layoffs:

AMD Cutting About 4% of Workforce
(DBN)

Boeing Gives Layoff Notices to 17,000 Workers
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Politics:

Republican senators elect Thune to lead them into the Trump era Senate GOP Elects Thune as Leader, Rejecting Musk’s Pick
(DBN)

Tommy Tuberville Never Read the Constitution
(DBN)

GOP wins full control of Congress. Trump taps MAGA allies for powerful posts
(DBN)

Elon Musk may already be overstaying his welcome in Trump’s orbit Donald Trump Jokes He 'Can't Get Rid' of Elon Musk Amid Growing Influence
(DBN)

Trump Backs Mike Johnson for Another Stint as House Speaker
(DBN)

Schumer's plan to jam Johnson on government funding
(DBN)

Trump hints at desire for third term before meeting with Biden at the White House Biden, Trump Vow ‘Smooth’ Transition as They Meet at White House Biden tells Trump "welcome back" during Oval Office meeting With jobs to fill, Trump once again turns to Fox News Trump’s Defense Secretary Pick Describes Liberals as ‘Domestic Enemies’ In Latest Book Trump Puts Allies on Alert by Handing Pentagon to Fox News Host Top Ten Wildest Moments With the Fox News Host Trump Wants for Our Next Secretary of Defense Trump names former Rep. Tulsi Gabbard to be director of national intelligence Why these top Republicans won't be in Trump's cabinet Trump's Latin America policy will most likely focus on controlling migration, former ambassador says Trump Picks Set Off Political Shockwaves ‘We’re getting a kakistocracy’: Social media users are reeling over Trump’s defense secretary pick Conservative Legal Insider Reports Trump Has ‘Bonkers Plan’ to Confirm Unpopular Cabinet Picks Fact-Check: Is Tucker Carlson Going to be Trump's Press Secretary? ‘An effing nightmare’: Senior commanders on Trump’s new Cabinet picks Why Trump is trying to outrage Washington with his Cabinet picks Donald Trump's Family Might Not Be Involved in His Second Term The Megadonors Who Fueled Trump
(DBN)

‘BlueAnon’ Conspiracies Grip Dems After Trump’s Election Sweep
(DBN)

Blue state resistance builds against Trump
(DBN)

Nearly Half of California Voters Would Back Harris for Governor, Poll Shows Money tensions rise between Harris' team and DNC
(DBN)

Melania Trump trashes Jill Biden after revealing she called her post-assassination attempt — questions if her ‘concern was genuine’ Melania Trump Might Not Be Living In The White House Full Time
(DBN)

Ground Game in Pennsylvania Was No Match for Groundswell of Grievances
(DBN)

Mystery Whale Scores $85 Million Windfall on Election - WSJ FBI seizes POLYMARKET CEO phone, electronics
(DBN)

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Economy:

Credit card debt hits record $1.17 trillion, New York Fed research shows
(DBN)

Household Debt at New Record Is Squeezing Low-Income Americans
(DBN)

Americans’ debt is growing — but so are incomes
(DBN)

Annual inflation rate hit 2.6% in October, meeting expectations Inflation ticked up in October, new CPI report shows Here’s the inflation breakdown for October 2024 — in one chart Phoenix, US Sun Belt See Inflation Rate Ease Below 2% Fed’s Kashkari Says Inflation Data Moving In Right Direction
(DBN)

Quest To Be Trump’s Treasury Pick Heats Up Between Bessent, Lutnick
(DBN)

Republicans suddenly feel good about the economy
(DBN)

JPMorgan’s Kelly Says Trump Tariffs to Hit Growth, Fan Inflation
(DBN)

Macron Warns EU Is Hurtling Toward Tariff War With US, China Trump’s tariff war is imminent, Macron and Draghi warn Europe
(DBN)

Here's how much more laptops, TVs, and smartphones could cost under Trump's proposed tariffs, consumer group says
(DBN)

Trump’s Immigration Plans Could Bring an Economic Toll
(DBN)

Tariffs, Supply Chains Worry In-House Counsel After Trump Win
(DBN)

Warren Buffett is building the Noah's Ark of rainy-day funds. Here's why he's stacked up more than $300 billion.
(DBN)

Elon Musk is looking to cut government waste. Here's what the US spends money on right now. What Musk and Ramaswamy Could Abolish
(DBN)

Gen Z is going on vacation and taking meetings at bars, beach clubs — but not telling their bosses
(DBN)

How a second Trump term could affect Social Security benefits
(DBN)

‘Life changing’: How a cash-strapped county found success with a 32-hour workweek
(DBN)

Amazon Makes It Harder for Disabled Employees to Work From Home
(DBN)

US Sees Wider Budget Gap at Fiscal Year Start on Health Spending
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

NYC Close to Ending ‘Killer’ Broker Fees Squeezing Renters
(DBN)

Landlords Bombard Brooklyn Bankruptcy Court With Hopeless Cases
(DBN)

The mysterious Virginia mansion allegedly bought with stolen Nigerian money
(DBN)

Builders have 108,000 unsold homes. Good luck trying to buy one.
(DBN)

You need to make $108,000 to afford a home in America
(DBN)

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Municipalities:

Chester receiver moving forward with monetization of water assets
(DBN)

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Oil/Gas:

Global sales of fully electric and plug-in hybrid vehicles rose 35 percent in October YoY
(DBN)

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Labor:

Port automation fight leads to breakdown in talks to avoid new strike
(DBN)

Amazon Labor Ruling Outlaws Mandatory Anti-Union Meetings
(DBN)

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Education:

Trump pledged to roll back protections for transgender students. They’re flooding crisis hotlines
(DBN)

University of Rochester plastered with ‘wanted’ posters of Jewish faculty, staff
(DBN)

Could Trump actually get rid of the Department of Education?
(DBN)

Hundreds of books pulled from Florida school libraries — including novels by Kurt Vonnegut, John Green and Toni Morrison
(DBN)

College student allegedly sends threatening texts with gun emojis to fellow students
(DBN)

A 13-Year-Old With Autism Got Arrested After His Backpack Sparked Fear. Only His Stuffed Bunny Was Inside.
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Autos:

Car Financing Firm Vroom Files for Chapter 11 in Texas
(DBN)

Ford is cutting hours for some German factory employees amid lower EV demand
(DBN)

Auto Parts Makers Are Cut by TD Cowen on Trump’s Tariff Threat
(DBN)

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Transit:

US City Faces 21.5 Percent Transit Fare Hike as Service Cuts Loom
(DBN)

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Housewares:

PE Firm Cornell Sued Over $345 Million Instant Brands Dividend
(DBN)

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Investment Firms:

B. Riley Delays Another Quarterly Report and Notches Fresh Loss B. Riley delays Q3 report, warns of loss from Franchise bankruptcy
(DBN)

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Fraud:

U.S. Trustee Program Warns Consumers of Bankruptcy Fraud Alert Scam
(DBN)

4 People Accused of Using Bear Costume to Damage Cars in Elaborate Insurance Fraud
(DBN)

Company swindled £230k out of customers in F1 British Grand Prix scam
(DBN)

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Agribusiness:

Recombinetics, which engineered hornless dairy bulls, files for bankruptcy
(DBN)

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Sports:

Diamond Sports Group likely to exit bankruptcy MLB Withdraws Objection, Clearing DSG’s Path Out of Bankruptcy Diamond Sports Group reaches agreement with Amazon
(DBN)

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Food/Beverage:

America's Favorite Chain Restaurants Are Closing
(DBN)

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Non-Profits:

CPT Institute Selected to Administer Trusts Held by the Now Bankrupt Center For Special Needs Trust Administration
(DBN)

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Climate:

US ‘likely’ to pledge new climate target, says White House
(DBN)

Typhoon Usagi rapidly intensifies to Category 4, on track toward Philippines
(DBN)

Caribbean disturbance has potential path toward Florida
(DBN)

Long Island firefighter charged with setting brush fires during driest period in NY for 160 years
(DBN)

Map Shows 'Astonishing' US Drought as Fire Risk Persists in Northeast
(DBN)

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Utilities:

Why a $4 Billion Settlement of Maui Fire Claims Is Tangled Up in Court
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (48 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Mass Torts:

Future of Alex Jones' Infowars in hands of bidders at bankruptcy auction
(DBN)

Norman Rockwell paintings to be auctioned for Boys Scouts sexual abuse settlement fund
(DBN)

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Aviation:

Spirit Airlines stock plunges 59% amid report of bankruptcy deal Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up Spirit Airlines can't even tell investors how bad things are Why Spirit Airlines’ Flight to Bankruptcy Has No Emergency Exit
(DBN)

US airlines stopped from flying to Haiti for a month after planes from 3 different carriers were hit by gunfire
(DBN)

Gol aims to complete Chapter 11 restructuring by end April
(DBN)

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Retailing:

The Retail Bankruptcy Boom: The factors disrupting dominant brands
(DBN)

The last vestiges of two former retail giants, Kmart and Sears — Down to Business
(DBN)

Home Depot says shoplifting challenges aren't getting any easier
(DBN)

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Crypto:

3AC Sues FTX for $1.5 Billion Over “Unlawful Liquidation”
(DBN)

‘Bitcoin Jesus’ Fights IRS Tax Evasion Case From Spanish Island
(DBN)

Former FTX Coder Wang Built Software Tool to Help US Find Fraud
(DBN)

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Celebs:

Bankruptcy judge questioned Shilo Sanders' no-show at previous trial
(DBN)

Elon Musk buys £27million compound for 11 kids and his baby mothers to live in
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Tech:

Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock
(DBN)

X sees largest user exodus since Musk takeover
(DBN)

Guardian will no longer post on Elon Musk’s X from its official accounts
(DBN)

AI's "bigger is better" faith begins to dim
(DBN)

Trump’s EPA Pick Cites AI as a Priority
(DBN)

FTC antitrust case against Meta can move to trial, court rules
(DBN)

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Healthcare:

Mass. lawmakers want ‘under oath’ answers from new owner of Steward‘s physician network
(DBN)

Brown Health Takes Over Steward-Linked Foxboro Clinics
(DBN)

Eastern NC hospital declares bankruptcy. Company downplays impact
(DBN)

Once considered Bayonne hospital’s savior, minority ownership group aims to halt CarePoint bankruptcy, merger
(DBN)

How Lincare Became a Multibillion-Dollar Medicare Scofflaw
(DBN)

Bradenton provider of low-income healthcare files for bankruptcy, warns of mass layoffs
(DBN)

Florida nonprofit medical group files for bankruptcy
(DBN)

With ACA subsidies set to expire in 2025, millions of Americans stand to lose health insurance
(DBN)

CDC Chief Warns About RFK Jr.’s Skeptical Views on Vaccines The Siblings Behind RFK Jr.’s ‘Make America Healthy Again’ Campaign
(DBN)

US Overdose Deaths Down by 14%: CDC
(DBN)

More than 800 million people around the world have diabetes, study finds
(DBN)

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UK:

‘Pretty clear’ Hampshire County Council will go bankrupt within two years How close is Sheffield Council to bankruptcy?
(DBN)

Trump Tariffs on UK Would Be ‘Manageable,’ Economists Say
(DBN)

Why the Rich Keep Bankrolling Prince Andrew
(DBN)

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Canada:

Ontario’s euthanasia regulators have tracked 428 cases of possible criminal violations — and not referred a single case to law enforcement, say leaked documents
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Russia:

The ‘Deathonomics’ Powering Russia’s War Machine
(DBN)

Under strain from war, Russia plans a massive layoff in its public sector: report
(DBN)

Trump's Pentagon pick criticized US involvement in Ukraine, said Putin probably wouldn't go 'much further' if he wins
(DBN)

Russia's lucrative oil and gas industry is an easy target for Europe after Trump's election victory
(DBN)

Ukraine Prioritizes Security, Not Territory, as Trump Pushes Truce Talks
(DBN)

Blinken Pays a Visit to NATO Amid High Anxiety Over Trump Five Things Trump Has Said About NATO Donald Trump 'Fair' to Criticize NATO, Bloc's Military Chief Says
(DBN)

US Opens New Missile Base Near Russia's Border
(DBN)

Ukraine denies it’s ‘months away from building nuclear bomb’ to use as bargaining chip to force Putin to end war
(DBN)

Trump’s Win Gives Seoul Second Thoughts About Arms for Ukraine
(DBN)

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MENA:

US government worker charged with leaking classified documents on Israel’s plans to strike Iran
(DBN)

Israeli airstrikes hit Beirut’s southern suburbs, setting off explosions
(DBN)

Israel says it has expanded its military ground operation in Lebanon
(DBN)

UN told famine 'imminent' in northern Gaza
(DBN)

Israel accused of crimes against humanity over forced displacement in Gaza
(DBN)

Israeli Court Rejects Netanyahu’s Bid to Delay Corruption Trial Testimony
(DBN)

Investigators Assess if Netanyahu’s Aides Forged Oct. 7 Phone Records
(DBN)

Turkey severs all relations with Israel, says Erdogan
(DBN)

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Netherlands:

Blokker bankrupt in Netherlands, search for solution starts
(DBN)

Heated Debate On Amsterdam Violence In Dutch Parliament
(DBN)

Dozens of rioters detained in Amsterdam
(DBN)

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France:

After antisemitic violence rocked Amsterdam, Paris braces for an Israel soccer match Paris chaos as police 'use batons and tear gas' in clashes with Palestine protesters
(DBN)

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China:

Beijing Has Already Prepared for Trump’s Return
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