November 26, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firm Shares The Banknotes With Their Associates!
(DBN)

Biglaw Firm Bakes Blessings In For Bigger Bonuses
(DBN)

Top 10 Biglaw Firm Gets On Board With Year-End And Special Bonuses
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D.C.-Based Biglaw Firm Gets In On Associate Bonuses
(DBN)

Top 100 Biglaw Firm Offers Mega Bonuses For Big Billers, On Top Of Market And Special Bonuses
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Top 50 Biglaw Firm Hops Aboard The Milbank Money Train
(DBN)

Top 100 Biglaw Firm Matches Market Bonuses — With Even More Money For High Billers
(DBN)

DLA Piper strengthens global Restructuring offering with appointment of Sandra Esquiva-Hesse
(DBN)

Biglaw Firm Staying Put In NYC
(DBN)

Ropes & Gray Moving On Up in NYC Amid Rise in Law Office Leasing
(DBN)

Soaring legal fees in snarled Citgo auction rankle companies
(DBN)

Georgetown Law Finally Acts Like Decent People After Massive Outrage
(DBN)

Slight rankings drop at University of Florida and its law school may have been factor in president’s exit
(DBN)

Bill Barr Offers The Hottest Of Takes On Why He Left Biglaw
(DBN)

Who is the real Roger Pearce? Successful lawyer used assumed name for more than 50 years
(DBN)

‘They Called Him Mostly Harmless’ documentary explores what drives true-crime junkies
(DBN)

YouTuber accuses Minnesota AG of submitting court docs with fake AI-generated content
(DBN)

Leonard Leo Interview About As Hard-Hitting As A Whiffle Bat
(DBN)

Under Pressure: Understanding alcohol addiction in the legal profession
(DBN)

Special Counsel Smith Taps Out Donald Trump Gets Away With It Trump Jan. 6 judge leaves door open for Jack Smith to revive case … but not really Jack Smith files to drop Jan. 6 charges against Donald Trump Special counsel moves to abandon election interference and classified documents cases against Trump Trump has said he would fire Smith, shattering previous norms around special counsel investigations Judge agrees to dismiss Donald Trump's 2020 election interference case
(DBN)

Trump plans to fire Jack Smith’s team, use DOJ to probe 2020 election
(DBN)

Trump Likely to Tap Kash Patel for FBI or DOJ Post, Axios Says
(DBN)

Bright-orange shirt wearing Jan. 6 rioter who fought with cops headed to prison
(DBN)

What’s next for Hunter? One former prosecutor says Pres. Biden should commute his sentences
(DBN)

Manhattan’s top federal prosecutor announces resignation ahead of Trump presidency
(DBN)

Rand Paul Says Trump Plan to Use Military for Mass Deportation Is 'Illegal' Trump Plan to Use Military in Deportations Should Stand up in Court
(DBN)

Trump lawyers investigate allegations against one of his top aides, sources say
(DBN)

Giuliani threatened with contempt over belongings allegedly 'secreted away' in $148M case
(DBN)

Sean “Diddy” Combs’ “Decades-Long Pattern Of Violence” Has To Be Factor In Latest Bail Consideration, Prosecutors Tell Judge
(DBN)

Illegal border crossings on track to reach new Biden-era low School districts vow to defy Trump’s illegal immigrant deportation orders The Math on Mass Deportation Doesn't Add Up
(DBN)

Entire South Carolina Police Department Resigns
(DBN)

Bryan Kohberger Gives Judge 2,000 Pages of Mostly Irrelevant Information
(DBN)

Judge rejects request to sideline a San Jose State volleyball player on grounds she’s transgender
(DBN)

Judge pushes back resentencing hearing for Menendez brothers Whoopi Goldberg Wants More Cases Reviewed if Menendez Brothers Get Released Menendez brothers lose chance to be released by Christmas as bid hit with legal blow days before new DA to take over
(DBN)

White Florida woman sentenced to 25 years for fatally shooting Ajike Owens, her Black neighbor
(DBN)

Man accused of 'illegally' owning 170 guns uses the 2nd Amendment as his excuse
(DBN)

FBI agent charged with rape and sexual assault two years after DC Metro shooting acquittal
(DBN)

'You should say hi': Man assaults woman because she did not say 'good morning' to him
(DBN)

Bodycam: Murder suspect in 'Chucky'-themed outfit busted in Walmart, gets smoke break
(DBN)

Bodycam shows woman who just murdered her young children insisting that she loves them
(DBN)

SCOTUS refuses to hear the case of woman whose home was destroyed by Texas SWAT team
(DBN)

Massachusetts man pleads guilty to threatening to bomb synagogue
(DBN)

Arizona county treasurer pleads guilty to embezzling $38 million for personal use
(DBN)

Dentist accused of fatally poisoning wife hit with new charges as lawyer quits
(DBN)

Family of woman fatally shot by police officer given $20M settlement by New Mexico city
(DBN)

Judge rips drunk driver who killed 4 for making 'outrageous' claim about victims' stepdad
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Judges:

Bankruptcy Judge To Step Down in 2025
(DBN)

Gorsuch and Sotomayor Seek Clarity on Critical Issue in Takings Clause Case
(DBN)

The huge stakes in a Supreme Court case about vaping
(DBN)

Supreme Court will consider reviving another curb on agency power known as nondelegation doctrine
(DBN)

NJ Judges Can Rule on Laws They Authored as Legislators
(DBN)

Justices Deny Appeal That Referenced Newman Suspension
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Wall Street:

Dow futures are flat as traders assess new Trump tariff threats
(DBN)

Wall Street Top Cop to Resign After 3 Years as Trump Returns
(DBN)

Deutsche Bank sees the S&P 500 hitting 7,000 in 2025 amid strong risk appetite
(DBN)

Wall Street Sees Gains Following Trump's Pick of Bessent for Treasury To Wall Street, Trump’s Pick to Run Treasury Needs No Introduction US Treasuries Rally on Bets Bessent Will Soften Trump’s Plans Munis Join Treasury Rally After Bessent Chosen for Trump Cabinet
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Layoffs:

Ford to Fire 4,000
(DBN)

General Motors employee of 38 years laid off via email at 5 am: 'Hadn't planned on starting new chapter'
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Retailing:

Macy’s delays earnings release as it says employee hid up to $154 million in delivery expenses Macy’s found a single employee hid up to $154 million worth of expenses Macy's $132 million mystery has auditing experts scratching their heads
(DBN)

Walmart pulls back on DEI efforts, removes some LBGTQ merchandise from website
(DBN)

How Aldi became America's fastest-growing grocery store
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Food/Beverage:

PE-backed snack maker Hearthside files for Chapter 11 bankruptcy
(DBN)

Butterball facing Thanksgiving turkey boycott as disgusting sex abuse allegations resurface | Daily Mail Online
(DBN)

Downers Grove-based Hearthside, under investigation for alleged child labor, files for bankruptcy
(DBN)

Over 70,000 Pounds of Chicken, Pork and Beef Recalled Nationwide Due to Listeria Outbreak
(DBN)

Houston's embattled Turkey Leg Hut is closed indefinitely after landlord terminates lease
(DBN)

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Music:

Three-time Grammy nominee Raye says she's not making money in music: 'We're breaking even'
(DBN)

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Celebs:

Elon Musk says he's a 3,000-year-old time-travelling alien who assumes identities Elon Musk brands Britain a 'tyrannical police state' and boosts far-right activist
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Economy:

Fed Minutes to Offer Clues on How Far and Fast Officials Can Cut
(DBN)

It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says
(DBN)

Fed’s Goolsbee Argues for Rate Cuts Barring Signs of Overheating
(DBN)

Citi’s Strategists Say Fed Should Pause, Opposing Its Economists
(DBN)

Retirees are facing financial strain as credit-card debt spikes
(DBN)

Aggregate Delinquency Balances Increase Slightly in 3Q 2024
(DBN)

U.S. stock and bond markets love Trump’s pick of Bessent for Treasury — here’s why
(DBN)

Tesla Is Breaking Tons of Rules Elon Musk May Slash Under Trump
(DBN)

The Big Ticket Items to Consider Buying Before Trump's Tariffs Kick In
(DBN)

Trump wants to crack down on imports. Americans are preparing for the worst.
(DBN)

Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico Tim Cook and other U.S. executives attend China expo, meet officials as Trump tariff threat looms Trump Tests Xi’s Appetite to Play Ball With Early Tariff Threat Trump’s Tariff Threat to Top US Trading Partners Roils Markets Euro Rises as Trump Omits Region From Latest Tariff Threat ‘Déjà Vu’ Jolts Traders Across Markets on Trump Tariff Redux ING Braces for Trump Fallout as Tariffs Cloud Trade Outlook
(DBN)

California Sees Surge in People Moving to the State
(DBN)

Trump's Mass Deportation Plan Could Keep Food Off American's Plates, Farming Industry Warns
(DBN)

H-1B hopefuls say they’re bracing for the impact of a second Trump term
(DBN)

Joni Ernst, head of the Senate’s new DOGE caucus, wants to make the federal establishment ‘squeal’ through trillions in cuts New Rule Protects Civil Service Employees from At-Will Firing
(DBN)

MAGA Hardliners Claim Immigration Hurts American Workers. Experts Say Otherwise
(DBN)

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
(DBN)

Republicans gear up for the coming battle over $5 trillion tax cut’s costs
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Debtor-Owner Allowed to Modify Mortgage in Bankruptcy Even if Debtor Is Not Obligor Under the Mortgage Loan
(DBN)

Housing Nov 25th Weekly Update: Inventory down 0.4% Week-over-week, Up 27.1% Year-over-year
(DBN)

Final Look at Local Housing Markets in October and a Look Ahead to November Sales
(DBN)

Bad news if you’re looking to buy a house in the next two years
(DBN)

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Municipalities:

States Get Increasingly Aggressive About Pre-Emption
(DBN)

Chicago’s Elite Fights Progressive Mayor Over Schools and Taxes
(DBN)

Chicago Mayor Struggles to Find Revenue Fix for Debt-Ridden City
(DBN)

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Oil/Gas:

‘Drill, Baby, Drill’ Is Unlikely Under Trump, Exxon Says
(DBN)

Trump Team Preparing Early Action to End Biden’s LNG Pause
(DBN)

LNG is stepping up to solve Europe gas woes, but at a price
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Politics:

Some Dems back Trump-pick Rubio for Secretary of State but remain critical of Hegseth, Gabbard and Gorka Tulsi Gabbard’s history with Russia is even more concerning than you think Trump Pentagon pick attacks UN and Nato and urges US to ignore Geneva conventions ‘Absolutely Not’: Conservative Media Fumes After Trump Nominates Pro-Union Oregonian For Labor Secretary Pro-Union Labor Chief Pick to Navigate Unusual Confirmation Path Dave Weldon, Trump's CDC pick, could bolster an RFK Jr. anti-vaccine agenda Trump Picks Vance Aide James Braid to Run Legislative Affairs All the President’s Billionaires: The Extraordinary Wealth in Trump’s Proposed Administration Trump's nomination of Project 2025 architect means Social Security, Medicare 'are at risk' How Conflict of Interest Rules Impact Trump, Musk and Other Rich Nominees
(DBN)

Survey: Public Warms to Trump
(DBN)

For this inauguration, Trump hopes for fewer protests and more acceptance
(DBN)

Why Leading Democrats Think Kamala Harris Lost 5 Democratic assumptions shattered by the 2024 election
(DBN)

Prison appears to be no barrier for Michigan county official who won another term
(DBN)

Elon Musk and the age of shameless oligarchy
(DBN)

Feeling betrayed by increased minority support for Trump, Black women say they’re stepping back
(DBN)

Kamala Harris Considering Another Presidential Run in 2028, Tells Allies She's 'Staying in the Fight': Report
(DBN)

Multiple Republicans reveal plan to boot Mike Johnson as speaker
(DBN)

‘Liberated’ From Leadership, McConnell Is Ready to Pick His Own Fights
(DBN)

Rogan Slammed for Repeating Moscow Propaganda on Podcast
(DBN)

Trump’s second administration set to be filled with losers
(DBN)

Nancy Mace, now targeting trans lawmaker, called herself 'pro-transgender rights' in 2023
(DBN)

Trump's fight to end birthright citizenship faces 126-year-old legal hurdle
(DBN)

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Personal Finance:

‘Do I have a trust fund?’ Viral ‘teenager texts’ uncover how little some kids know about money
(DBN)

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Autos:

Gavin Newsom Prepared to Challenge Trump on Electric Vehicle Tax Credits Gov. Gavin Newsom says he will provide residents rebates if Trump removes EV tax credit California proposes its own EV buyer credit — which could cut out Elon Musk's Tesla
(DBN)

Report: Tesla dumped pollutants at Texas plant
(DBN)

Rivian Wins Preliminary Approval for $6.6 Billion US Loan
(DBN)

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Ride Hailing:

Uber and Lyft drivers say they're earning less — so some are starting their own ride services
(DBN)

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Telecom:

Apollo-Led Creditor Group Enters New Debt Talks With CommScope
(DBN)

Telecom Firm Digicel Tells Creditors It’s Facing US Justice Department Probe
(DBN)

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Steel:

US Steel Review Targeted by Republicans for Potential Probe
(DBN)

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Climate:

Rich Countries Provide No Haven From Climate Doom, Study Finds
(DBN)

How Saudi Arabia Turned Back Climate Progress at COP29
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Coal:

JPMorgan Pursues Deals to Fund Shutdown of Coal-Fired Power
(DBN)

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Radio:

Carr’s FCC To ‘Take A Very Hard Look’ At Audacy’s Soros Plan
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Education:

UATX launches, touting ideological openness, debate and— for now—free tuition
(DBN)

As a Jewish biblical scholar in Houston, I’m enraged that Texas is adopting this biblically illiterate new curriculum
(DBN)

What Happens if the Education Department Is Dissolved?
(DBN)

Colleges’ Bond Tax Break at Risk From GOP Goal to Punish Schools
(DBN)

Financially troubled college asked student on full-ride scholarship to return money, parent says
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (20 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Mass Torts:

The Onion's Takeover of Alex Jones' Infowars Frozen Until Hearing Judge in Alex Jones’ bankruptcy case orders new hearing on The Onion’s bid for Infowars Judge says he must still approve sale of Infowars to The Onion Was the Infowars auction fair? A judge wants to hear arguments in December
(DBN)

Is Elon Musk Trying to Protect Alex Jones's X Accounts?
(DBN)

RFK Jr. for Health Chief Excites 'Bullish' Mass Tort Lawyers
(DBN)

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Awards:

Winners: M&A Advisor Awards
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Aviation:

What Spirit’s Bankruptcy Means for US Holiday Travel Spirit Airlines' Ch.11 Bankruptcy Plan Is Irrational For A Long-Term Turnaround
(DBN)

Lilium's fall throws spotlight on air-taxi cash crunch
(DBN)

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Healthcare:

Pontiac General Hospital files for bankruptcy after announcing Medicare funding loss, layoffs
(DBN)

The Texas Ob-Gyn Exodus
(DBN)

Why abortions rose after Roe was overturned
(DBN)

Texas woman dies after receiving inadequate treatment for a miscarriage
(DBN)

Hims & Hers Shares Jump as Trump FDA Pick Seen as Major Ally
(DBN)

Biden Proposes Medicare, Medicaid Coverage of Obesity Drugs
(DBN)

Inside your body, aging unfolds at remarkably different rates
(DBN)

Trans woman awarded thousands over forced electroshock "conversion therapy" hopes for change
(DBN)

Trump’s Medical ‘Contrarians’ Herald Era of Vaccine Scrutiny
(DBN)

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Consumer Finance:

‘Buy now, pay later’ is more popular than ever. It can cost more than you think
(DBN)

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Tech:

Elon Musk acknowledges something that was obvious about the new Twitter: It's no longer a good place for links.
(DBN)

Big Tech Slams Australia's Under-16 Social Media Ban
(DBN)

The future of customer service is here, and it's making customers miserable
(DBN)

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Fraud:

Adani Group’s troubles keep growing as financial and legal headwinds get stronger Fitch Warns Adani Ports’ Dollar Bonds May Be Cut to Junk
(DBN)

Illinois football legend Dana Howard indicted on federal wire fraud charges
(DBN)

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Kitchenware:

PE Firm Cornell Says Dividend Didn’t Bankrupt Instant Pot Maker
(DBN)

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Sovereigns:

How Vanuatu Can Return to Sustainable Growth After Airline Bankruptcy
(DBN)

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UK:

UK Supreme Court refuses cross-border insolvency assistance under the “immovables rule”: Kireeva v Bedzhamov
(DBN)

Thames Water blocked from dishing out 'undeserved' bonuses from customer money
(DBN)

House price growth to fall in 2025 due to higher mortgage rates and stamp duty
(DBN)

Prince Harry Tabloid Lawsuit to Cost $48 Million
(DBN)

Banks Brace for Mammoth Payouts After Court’s Car Loan Ruling
(DBN)

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EU:

Europe Risks Losing More Jobs Over Energy Costs, ABB CEO Warns
(DBN)

ECB’s Makhlouf Says Rates Will Fall But Open-Minded on Speed
(DBN)

ECB’s Guindos Says More Rate Cuts to Come If Forecasts Hold
(DBN)

Marine Le Pen might be about to wreck the eurozone
(DBN)

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Canada:

Food Inflation in Canada Outpaces Wages, Fuels Worker Angst
(DBN)

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Russia:

Top NATO official calls on business leaders to prepare for 'wartime scenario' WW3 fears as nuclear warning from US Government highlights area '15 mins from disaster' Germany draws up list of bunkers amid Russia tensions Discussions over sending European troops to Ukraine reignited Stratofortress bombers from UK buzz Russia in show of force as NATO chief warns Europe to brace for war with Putin UK and France 'in talks' to deploy troops to Ukraine over fears of US removing support G7 Foreign Minsters to Discuss Mideast and Ukraine at Meeting Russia Issues Warning to South Korea About Sending Arms to Ukraine UK: We’re not sending troops into Ukraine ‘at this time’
(DBN)

EU Proposes to Sanction Chinese Firms Aiding Russia’s War
(DBN)

Russia Considers Deploying Missiles to Asia
(DBN)

Russian Airfield Hit in ATACMS Strike: Report
(DBN)

UK Sent Ukraine More Storm Shadows Ahead of Strikes in Russia
(DBN)

Russia’s Seaborne Crude Exports Fall by the Most Since July
(DBN)

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MENA:

EBRD and Palestinian Ministry of National Economy partner on insolvency law reform
(DBN)

Israel’s Government Confident Worst Is Over for War-Hit Economy
(DBN)

Israeli cabinet to vote on Lebanon ceasefire deal after Netanyahu approves
(DBN)

Deadliest Israeli strike yet on central Beirut leaves gruesome scenes
(DBN)

Bibi should be executed, says Iran supreme leader
(DBN)

Israeli strikes kill dozens in Lebanon as Israel accuses Hezbollah of firing a barrage of some 250 rockets
(DBN)

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France:

The French are selling their châteaus for cheap. Americans are discovering why.
(DBN)

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Denmark:

Some Danish Lenders Face Risks From CO2 Tax, Central Bank Says
(DBN)

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India:

Byju’s Faces New Probe Over Financial, Accounting Practices
(DBN)

Insolvency cases surge: Over 40,000 filed in NCLT under IBC by September 2024
(DBN)

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Argentina:

Argentina rules out global bond sale or swap, for now
(DBN)

Argentina ETF Sees Record Inflows as Traders Buy Milei’s Efforts
(DBN)

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South Korea:

South Koreans’ Economic Outlook Frays at Fastest Pace Since 2022
(DBN)

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Hong Kong:

Hong Kong a ‘Global Leader’ in Financial Crime, US Lawmakers Say
(DBN)

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Germany:

11,000 jobs on the line as another German company stumbles
(DBN)

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