November 21, 2024

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

Law firms had ‘very strong performance’ financially at 9-month point, new report says Biglaw Is Having A Fantastically Profitable 2024
(DBN)

3 BigLaw firms match Milbank’s year-end and special bonuses for associates, make no mention of pay hikes Paul Hastings Is The First Major Biglaw Firm To Match Milbank Bonus Scale After Cravath Announces Cravath, Paul Hastings Match Milbank With Pair of Bonuses Top 25 Biglaw Firm Announces A Full Milbank Match -- With Merit Bonuses On Top Of Special Bonuses Another Biglaw Firm Matches Milbank Scale. Frankly, It's A Lot Of Money!
(DBN)

Biglaw Bonus Announcement Leaves No Gray Area
(DBN)

This 4-word phrase deemed scariest to lawyers
(DBN)

Biglaw Firm Comes Out Strong For Women's Sports
(DBN)

‘Ultimatedadbod’ lawyer arrested on child exploitation charges after chats with undercover agents reveal identity
(DBN)

Trump lawyers demand judge 'immediately' toss hush money case
(DBN)

From 'Deep Sadness' to Little Concern, Gaetz's Nomination Draws Sharp Reaction From Lawyers Republicans on Ethics Committee weigh ‘unenviable’ Gaetz report decision Ethics Committee deadlocks on releasing Matt Gaetz sex, drug probe report ‘Black mark’: Lawmakers seethe over Ethics’ Gaetz report imbroglio Matt Gaetz's AG Nomination Really Sucked The Air Out Of The Room For Federal Prosecutors Graham urges GOP senators not to join Gaetz ‘lynch mob’ Senate Democrats ask FBI for files on Gaetz sex trafficking probe In Trump’s Washington, sexual misconduct allegations may no longer be disqualifying Gaetz recess appointment could be unconstitutional, former DOJ official who wrote torture memos warns The Vance-Gaetz message to senators: Get him to a hearing GOP warns Gaetz hearings will be ‘Kavanaugh on steroids’
(DBN)

Jan. 6 rioter is convicted of plotting to murder FBI agents who investigated him
(DBN)

Citing anti-SLAPP, Trump Ask Judge to Dismiss Lawsuit
(DBN)

A neo-Nazi turf war may have just flared in Columbus, Ohio
(DBN)

Rudy Giuliani’s New Lawyer Takes His Case to the Streets Rudy Giuliani Accused Of Once Again Defaming Georgia Election Workers
(DBN)

Grimes says she was 'going bankrupt' during custody battle with Elon Musk
(DBN)

Trump’s immigration grand strategy casts wide net Rand Paul breaks with Trump on using military for mass deportations: ‘Huge mistake’ Texas Offers Trump Land on U.S.-Mexico Border for Potential Mass Deportation ACLU Sues ICE for Trump Deportation Plans As Trump Seeks Mass Deportations, Workplace Raids May Not Help Much Trump team maps out Latin America strategy as part of mass deportation plan
(DBN)

Tyson Foods Questioned in Indiana Probe Into Illegal Immigration
(DBN)

Election workers seek to hold Rudy Giuliani in contempt for continued defamatory comments
(DBN)

Former Georgia poll worker indicted in bomb threats against election workers
(DBN)

New Diddy accuser says he threatened to 'ruin her' at 17 after she was sexually assaulted at one of his famed July 4 white parties
(DBN)

Patrick Mahomes and Travis Kelce burglaries carried out by ‘very sophisticated people in a cartel’ as FBI investigates
(DBN)

Female migrant detainee in Florida subjected to ‘horrific’ treatment, complaint alleges
(DBN)

Man convicted of killing Laken Riley sentenced to life in prison without parole
(DBN)

Man Who Bought a Gun to ‘Shoot Up a Synagogue’ Is Sentenced to 10 Years
(DBN)

2 Missouri teens killed in crash with suspect who had kidnapped baby in car as he fled police
(DBN)

FBI: Florida Man Planned to Bomb NY Stock Exchange
(DBN)

Jury awards $98 million to family of Dallas man shot in his home by ex-police officer
(DBN)

Susan Smith, who drowned her two young children 30 years ago, denied parole
(DBN)

Elderly man arrested, charged more than 55 years after Nebraska girl found slain
(DBN)

Jessica Tisch, Sanitation Chief, Is Appointed N.Y.P.D. Commissioner
(DBN)

Over 80% of trans workers have experienced discrimination or harassment, report finds
(DBN)

______________

Judges:

The search is on for new U.S. Bankruptcy Judge in RI. What to know
(DBN)

Judge who declared ‘ain’t no sweat equity in this court’ showed bias, ethics complaint alleges
(DBN)

RFK Jr. Group Denied by Justice Kagan in Covid Vaccine Dispute
(DBN)

Trump rages as absent Senate Republicans help confirm Biden judges
(DBN)

______________

Wall Street:

 

S&P 500 closes little changed
(DBN)

The 'greatest bubble in human history' is close to bursting, black-swan investor Mark Spitznagel says
(DBN)

An economist known as 'Dr. Doom' has launched an ETF designed to protect against Trump risks
(DBN)

Gold will soar to record highs in the first year of Trump's term as uncertainty sparks a flight to safety, commodities expert says
(DBN)

______________

Layoffs:

Ford's troubles continue. Its stock price slumps as automaker plans job cuts
(DBN)

Deloitte plans to cut hundreds of jobs in its advisory division
(DBN)

Musk, Ramaswamy lay out plans for ‘mass’ federal layoffs
(DBN)

Bankruptcy judge OKs $20M settlement for Bitwise workers’ unpaid-wage, labor law claims
(DBN)

______________

Politics:

GOP senator demands "extensive" vetting for Trump health appointees Trump transition team ‘quietly’ looking at alternatives to Pete Hegseth after he ‘wasn’t honest’ about past Police report reveals assault allegations against Hegseth Trump Is Filling His White House With Men Accused Of Sexual Misconduct Hegseth took public potshots at Republican senators whose votes he wants Trump announces pick for US ambassador to NATO Trump names former top DOJ official to serve as ambassador to NATO Trump Taps Matthew 'Mongo' Whitaker To Collect US Vig At NATO Chuck Todd: Trump ‘revenge Cabinet’ doesn’t ‘make a lot of sense’ Chuck Todd: Trump is burning his political capital quickly Trump’s pick for intel chief has deeply rooted distrust of agencies she would oversee No Trump administration pick is viewed positively by most Americans Trump’s Education Secretary Pick Has a Short Résumé Related to Schools Is Trump’s Education secretary pick DeVos 2.0? Linda McMahon, Trump’s Education pick, was sued for allegedly enabling sexual abuse of children Donald Trump’s Transition Team Skips Ethics Pledges and FBI Background Checks Donald Trump’s latest branded venture is guitars that cost up to $10,000 Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked How a Second Trump Administration Will Change the Domestic and World Order Wealthy? Want to join the Trump administration? There’s a tax break for you Here Are the GOP Senators Who Could Take Down Trump's Cabinet Picks
(DBN)

Mike Johnson institutes transgender bathroom ban for U.S. House Nobody knows how Mike Johnson's bathroom ban gets enforced Trump win emboldens GOP's anti-trans blitz
(DBN)

Mike Johnson's recess surprise
(DBN)

LGBTQ+ Americans bracing for Trump's takeover
(DBN)

Woodward on second Trump term: Americans ‘better be frightened’
(DBN)

Nikki Haley has thoughts on RFK Jr. and Tulsi Gabbard
(DBN)

From Michelle Obama's school lunches to shut up and play: How the GOP now loves what it used to loathe
(DBN)

Poll finds most Dems want Harris for next presidential nominee
(DBN)

Raimondo’s new mission: Leave no cash for Trump
(DBN)

Defense Secretary Lloyd Austin says women in the military 'make us stronger' Mark Milley disagrees with Trump pick on women in combat
(DBN)

World War III is now Trump’s to lose
(DBN)

____________

Education:

Appeals court declines to lift pause of Louisiana Ten Commandments law
(DBN)

4 University of Rochester students arrested over 'wanted' posters targeting Jewish staff
(DBN)

Oklahoma education chief vows to 'absolutely' penalize schools not showing Trump prayer
(DBN)

Pastors express concern as Texas votes to add Bible lessons to public schools
(DBN)

____________

Economy:

Markets think the odds of a Fed pause in December are rising
(DBN)

Fed’s Collins Says More Easing Needed, Final Destination Unknown
(DBN)

Fed’s Bowman Urges Cautious Approach to Further Rate Cuts
(DBN)

Cook Says Fed Should Cut Rates Over Time, Data Will Guide Pace
(DBN)

An under-the-radar indicator shows global growth is stalling, research firm says
(DBN)

Risk of conflict between Trump and the Fed 'is very high,' top economist Blanchard says Why A Huge Clash Is Coming Between Trump And The Federal Reserve
(DBN)

Nobel laureate Simon Johnson is skeptical that Trump would be able to follow up on his two biggest campaign promises — here's why
(DBN)

‘A lot of fear:’ Trump’s deportation proposals are already rattling workers
(DBN)Linda McMahon, Trump’s Education pick, was sued for allegedly enabling sexual abuse of children

Trump's voter base relies on spending Musk's DOGE might cut
(DBN)

How Trump’s DOGE could push federal workers to quit
(DBN)

Musk's 'DOGE' commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.
(DBN)

Elon Musk's DOGE is looking to Argentina for inspiration to slash public spending
(DBN)

Musk and Ramaswamy float ending remote work for federal employees and 'large-scale firings' Musk, Ramaswamy publish plan to slash workforce
(DBN)

Why resentment is sweeping through the American workforce
(DBN)

There Are More Billionaires Than Ever. And They Keep Getting Richer.
(DBN)

LA Ports: Inbound Traffic Increased Sharply Year-over-year in October
(DBN)

5 obstacles Republicans will face on the road to tax cuts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

MBA: Mortgage Applications Increased in Weekly Survey Weekly mortgage demand inched up, despite higher interest rates. Here's why
(DBN)

The Lender Bailing Out Desperate Luxury Property Owners—For a Price
(DBN)

‘Difference Is Trump’: American Homebuyers Brace for Rate Pain
(DBN)

AIA: Architecture Billings "Moderates" in October; Multi-family Billings Declined for 27th Consecutive Month
(DBN)

California Home Sales Up 9.5% SA YoY in October
(DBN)

Florida housing crisis escalates in five major cities as sales plummet
(DBN)

U.S. Housing Finance Support At A Crossroads
(DBN)

____________

Municipalities:

Oakland Is at Risk of Financial Insolvency. Is Bankruptcy on the Table? Oakland faces insolvency without immediate action, budget administrator warns council
(DBN)

____________

Oil/Gas:

Oil markets facing ‘profound sentiment challenge,’ Eric Nuttall says
(DBN)

Europe and US Push for Oil-Funding Curbs Deal to Outlast Trump
(DBN)

Auction for Bankrupt Sinochem Refineries Fails to Attract Interest
(DBN)

A West Texas lawmaker wants to redirect millions of tax dollars to plug abandoned wells, curb emissions
(DBN)

The Trump team's plan to resuscitate a dead oil project
(DBN)

____________

Climate:

Drought warning declared in New York City for first time in two decades
(DBN)

Is the Northeast Entering Its Wildfire Era?
(DBN)

Delaware River water levels at 60% as salt front increases amid drought
(DBN)

2 Dead as Bomb Cyclone Slams Seattle California Storm: Worst is Yet to Come
(DBN)

What Trump’s win means for renewable energy
(DBN)

Coalition to boost climate efforts moves ahead without US
(DBN)

Biden inks billion-dollar climate deals to foil Trump rollbacks
(DBN)

____________

Television:

Comcast to spin off some cable TV networks as streaming dominates Comcast to spin off cable networks as subscribers flee the bundle Comcast’s cable networks spinoff raises questions about future of the TV business Comcast’s cable network spinoff may be a signal to the media industry for necessary change ‘We Could Be Fired Tomorrow!’ Morning Joe Awkwardly Jokes About Comcast Spinning Off MSNBC
(DBN)

EchoStar sheds more subs as possible bankruptcy looms
(DBN)

____________

Tech:

OpenAI CEO Received $76,001 in Pay Last Year, Filing Shows
(DBN)

First foldable smartphone maker goes bankrupt
(DBN)

Nvidia CEO: Supporting the new administration is "our highest mandate"
(DBN)

Nvidia nearly doubles revenue on strong AI demand
(DBN)

Church in Switzerland is using an AI-powered Jesus hologram to take confession
(DBN)

Anyone Can Buy Data Tracking US Soldiers and Spies to Nuclear Vaults and Brothels in Germany
(DBN)

____________

Food/Beverage:

Snack Maker Hearthside Prepares to File for Bankruptcy
(DBN)

TGI Failure: Why the casual dining chain went bust
(DBN)

How TGI Fridays Became a Bankrupt Shell of Itself
(DBN)

Junk Food Lobby Plans to Derail RFK's 'Health' Agenda...
(DBN)

____________

Autos:

Trump's cut to Biden's EV tax credit, backed by Musk, may impact auto industry, experts say
(DBN)

____________

Crypto: New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

The Onion's Infowars Bid Teed Up for Bankruptcy Court Scrutiny The Onion is having a very ironic laugh with Infowars
(DBN)

Diocese may contest fees rung up in bankruptcy
(DBN)

____________

CDS:

CDS panel says Intrum's Chapter 11 filing is a credit event
(DBN)

____________

Aviation:

How Spirit Airlines Fell Apart Spirit Airlines expects stock to be de-listed from US exchange amid Chapter 11 proceedings What Spirit Airlines Could Look Like Post-Bankruptcy
(DBN)

Nordic files for bankruptcy Estonia’s Nordic Aviation Group files for bankruptcy after privatization collapses
(DBN)

Two new insolvency petitions filed against India's SpiceJet
(DBN)

American Airlines to shame boarding line cutters with new technology
(DBN)

American Airlines Passengers Duct-Tape Man Who Tried To Open Door
(DBN)

'We are at a low here, folks,' Boeing's new CEO tells employees. 'I'm tired of it.' Boeing CEO Kelly Ortberg says the company's staff 'spend more time arguing' than strategizing about how to beat Airbus: report
(DBN)

Canadian Budget Airline Flair Is Seeking to Borrow $150 Million
(DBN)

Record NYC Thanksgiving Travel Signals Airport, Traffic Mess
(DBN)

Expert Warns That Elon Musk May Gut NASA
(DBN)

____________

Healthcare:

CareMax, dragged by Steward, files for bankruptcy Healthcare provider CareMax files for Chapter 11 bankruptcy in Texas Major healthcare provider CareMax files for Chapter 11 bankruptcy
(DBN)

Trump's choice of Dr. Oz to oversee Medicare and Medicaid could be 'devastating' for millions of Americans Dr. Oz getting high marks from Senate moderates — maybe even Fetterman
(DBN)

Healthcare industry braces for RFK Jr.
(DBN)

The 10 States With the Highest STD Rates
(DBN)

Medicaid cuts in crosshairs as Trump, GOP take control
(DBN)

If enhanced ACA subsidies expire, 4M could become uninsured: report
(DBN)

Offering health insurance is becoming less lucrative
(DBN)

____________

Tires:

Lenders Infighting Risks American Tire Distributors’ Bankruptcy Judge Warns of Pitfalls in American Tire’s Bankruptcy Plan
(DBN)

____________

Fraud:

Billionaire Gautam Adani charged in New York with massive fraud, bribery India's 2nd-wealthiest person charged by U.S. in $250 million bribery scheme Indian billionaire Gautam Adani's companies' stocks are crashing after he was indicted on bribery charges
(DBN)

Archegos’ Bill Hwang sentenced to 18 years in prison for massive U.S. fraud Bill Hwang's Restitution to Victims Won't Be Decided Today
(DBN)

Bear Damage To Luxury Car Interior Ends In Insurance Fraud Charges
(DBN)

Feds charge former Eagles running back, Delaware native with COVID, tax fraud
(DBN)

Another Forbes 30 Under 30 CEO Is Indicted for Fraud Feds Charge Once-Lauded AllHere AI Founder in $10M Scheme to Defraud Investors An AI CEO was arrested for defrauding investors — and allegedly using the money to pay for her wedding
(DBN)

____________

Retailing:

Walmart hits new highs and Target dives, painting a confusing holiday picture Target shares plunge 21% after discounter cuts forecast, posts biggest earnings miss in two years Target CEO says shoppers are stretched and waiting until 'the last moment of need' to buy items
(DBN)

TJX Posts Sales at Key Unit That Fall Short of Estimates
(DBN)

Beyond's Container Store Deal in Doubt Over Financing Concerns
(DBN)

____________

Agribusiness:

If Trump deports farm workers, who will be left to pick California’s crops?
(DBN)

____________

Sovereigns:

IMF Says Egypt Program Review Talks to Continue After ‘Progress’
(DBN)

____________

UK:

Woking council apologizes for financial failings
(DBN)

Firm Founded by Sanctioned Russians Fails to Overturn Forced Sale of UK Broadband Provider
(DBN)

____________

Canada:

Growing distress in Canada condos turns lenders into developers
(DBN)

____________

MENA:

Bankruptcy law change lures private credit to UAE
(DBN)

Letter: Israel vows not to forcibly displace Palestinians from northern Gaza
(DBN)

Israeli officials demand the right to strike Hezbollah under any cease-fire deal for Lebanon
(DBN)

Netanyahu offers $5 million and safe passage out of Gaza to anyone returning a hostage
(DBN)

Netanyahu: I Ignored Biden's War Counsel
(DBN)

ICC Issues Arrest Warrant For Benjamin Netanyahu
(DBN)

At least 36 killed in Israeli attack on Syria’s Palmyra: State media
(DBN)

____________

Russia:

Russia's Updated Nuclear 'Red Line' Adds Uncertainty: Experts Putin takes his nuclear threats to a new level but Ukraine's allies say they aren't rattled
(DBN)

Ukraine says Russia launched an intercontinental missile in an attack for the first time in the war
(DBN)

First ATACMS, now Storm Shadows: long-range Western missiles are raining down on Russia for the first time Ukraine Fires UK Cruise Missiles at Russia for First Time
(DBN)

Ukraine Rejects Massive Air Strike Warning As 'Russian Psychological Operation'
(DBN)

‘Frankly shocking’: Human rights groups thrash Biden's decision to send land mines to Ukraine
(DBN)

Ukraine makes a Trump-friendly pitch to the American heartland
(DBN)

Ukraine's lame duck danger: Biden and Putin escalate before Trump arrives
(DBN)

North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king
(DBN)

____________

Austria:

Austrian chocolate maker Franz Hauswirth files for bankruptcy
(DBN)

____________

South Korea:

Wave of insolvency hits Korean Federation of Credit Cooperatives
(DBN)

____________

India:

Byju’s founder Raveendran accused of using hidden cash to regain control
(DBN)

____________

Ex-Bankman-Fried Ally Gary Wang Avoids Prison Over FTX Fraud Admits taking ‘cowardly path’
(DBN)

Trump Team Mulls Creating First-Ever White House Crypto Role
(DBN)

____________

Batteries:

Northvolt Hires Restructuring Expert to Oversee Swedish Plant
(DBN)

____________

Art:

Duct-taped banana sells for $6.2 million at art auction
(DBN)

____________

Celebs:

He has already fathered many children. Now Musk wants all of the US to embrace extreme breeding
(DBN)

____________

Radio:

Judge Approves Sale Of Outer Banks FMs; Bankruptcy Trustee Still Has Two More To Sell.
(DBN)

____________

Fashion:

New Guards Group applies for bankruptcy protection measure in Italy
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2023