November 7, 2024

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw’s Betting On Trump’s Presidency Being Good For Business Trump’s win brings new opportunities, challenges for US law firms
(DBN)

Big Law Risks Sharp Elbows as Firms Heap Massive Pay on Stars
(DBN)

Non-Equity Partners Are 'Partners' For Covering Firm Costs But Not Partners For Pay
(DBN)

Latham & Watkins Names 24 New Partners and 27 New Counsel
(DBN)

Utah May Add A New Path To Practicing Law
(DBN)

Sam Bankman-Fried And Diddy’s Appellate Ace: Alexandra Shapiro
(DBN)

Trump still has 4 criminal indictments waiting for him — here's what happens now that he's won
(DBN)

Trump civil cases could trudge on in wake of presidential victory
(DBN)

Trump reminded by E. Jean Carroll's lawyer he's still liable for defamation
(DBN)

Trump Dodged the Law. Here’s Who to Blame.
(DBN)

Smith weighs how to wind down Trump’s federal cases
(DBN)

Bannon Vows DOJ and FBI Will 'Pay the Price' Lewandowski: Bannon doesn’t speak for Trump
(DBN)

Michael Flynn: Time to dismantle FBI and purge 'highly qualified' government experts
(DBN)

Marine Corps vet, member of 'Boys' militia group gets probation for entering Capitol
(DBN)

Judge denies Jan. 6 rioter's bid to pause his case because Trump won the election
(DBN)

Jan. 6 rioter who bragged about manhandling cops at the US Capitol is convicted
(DBN)

Giuliani to appear in court as election workers demand his property
(DBN)

Pariah, Felon, President-Elect: How Trump Fought His Way Back to Power
(DBN)

Trump has vowed to shake some of democracy’s pillars
(DBN)

Once-liberal lawyer said to be ‘brains’ behind 2020 election-interference scheme suspended from practice
(DBN)

The First U.K.-Based Biglaw Firm To Shutter An Office In Mainland China
(DBN)

‘Watchdogs’ author has no regrets about choosing civil service over the NBA
(DBN)

Big Law Practice Leaders 'Bullish' That Second Trump Presidency Will Be Good for Business
(DBN)

Trump’s biggest courtroom nemesis is looking for an exit strategy DOJ moving to wind down Trump criminal cases before he takes office As Trump wins White House, special counsel weighs how to end trials Trump ally Lindsey Graham sends warning to special counsel Jack Smith Jack Smith Has One Final Card Up His Sleeve Against Donald Trump
(DBN)

L.A. County district attorney, one of the most progressive in the country, loses re-election
(DBN)

Most of Sean Combs’s Accusers Are Unnamed. Can They Stay That Way?
(DBN)

Tough-on-crime laws are winning at the ballot box
(DBN)

Cafe manager offers employee raise to murder romantic rival after girlfriend dumped him
(DBN)

One of 2 prosecutors ousted by DeSantis wins election; how did other progressive prosecutors fare? Progressive State Attorney Thumbs Her Nose At Ron DeSantis
(DBN)

40 monkeys escape research facility, police warn locals to lock their doors
(DBN)

Mom gave 2-year-old to drug dealer while buying meth, girl hasn’t been seen since: Cops
(DBN)

Plea Deals Revived for 9/11 Mastermind, Others
(DBN)

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Judges:

Nationwide Notices of Electronic Filing (NEFs) Scam Electronic Filing Scam Targets Attorneys
(DBN)

Former judge is accused of threatening to burn down polling site
(DBN)

How the Federalist Society shaped America’s judiciary
(DBN)

Supreme Courts Of Delaware And Georgia Act To Regulate Use Of Generative AI In The Courts
(DBN)

Second Trump Term Opens Door to Even More Conservative Judges The Impact Of Trump's Second Term On The Federal Judiciary Trump’s election could assure a conservative Supreme Court majority for decades
(DBN)

Who may be on Trump’s Supreme Court short list? Senate win aids judicial picks
(DBN)

Judge Aileen Cannon emerges as one of the 2024 election's most influential players
(DBN)

Florida judge accused of ethics violations for illegally sentencing people to contempt
(DBN)

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Wall Street:

Stock futures rise as Wall Street tries to extend major post-election rally, Fed ahead
(DBN)

'America First' Sweeps Wall Street as Traders Bet on Domestic Growth
(DBN)

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Layoffs:

Nissan Cuts Outlook, Announces Restructuring With 9,000 Job Cuts
(DBN)

Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
(DBN)

Over 200 Losing Jobs: Massive Distribution Center Moving out of New York
(DBN)

North Carolina chipmaker Wolfspeed to lay off hundreds
(DBN)

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Hotels:

San Jose hotel files for bankruptcy but will keep operating as usual San Jose hotel files second Chapter 11 bankruptcy
(DBN)

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Food/Beverage:

Why Is It So Expensive to Eat at Restaurants Right Now? Chef José Andrés Explains
(DBN)

Applebee's sues franchisee that closed 8 locations in Kansas City
(DBN)

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Fraud:

Indicted lender's estate to be auctioned off as part of bankruptcy filings
(DBN)

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Retailing:

Franchise Group Approved to Borrow $250 Million in Bankruptcy
(DBN)

Wayfair rival files for bankruptcy and will shut all stores across 40 states - but not before huge closing-down sale
(DBN)

What Trump's win means for retail giants like Walmart, Target, and Costco
(DBN)

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Climate:

Trump's reelection has sweeping climate change consequences
(DBN)

"Extremely critical" fire weather threat in Southern California California wildfire fueled by high winds grows to over 14,000 acres and forces evacuations Wildfire Closes Malibu Highway as Winds Rip Through California
(DBN)

Voters uphold groundbreaking Washington state climate law
(DBN)

2024 to be declared hottest year on record
(DBN)

Antarctica: is coldest continent heading for chaos?
(DBN)

The World Isn’t Spending Nearly Enough to Adapt to Climate Shocks, U.N. Says
(DBN)

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Corporate Reform:

Donald Trump Has Tools to Fire Powerful Financial Regulator in Term Two
(DBN)

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Agribusiness:

Trump’s Return Set to Upend Trade for American Farmers Yet Again
(DBN)

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Economy:

The Federal Reserve is making a rate cut decision on Thursday. Here's the impact on your money Trump’s Victory Casts a Shadow Over the Federal Reserve Fed Readies a Rate Cut and Faces These Four Questions - WSJ The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know
(DBN)

Fed policy expected to collide with the reality of a second Trump term
(DBN)

BofA on Trump Policy
(DBN)

Billionaire hedge fund manager lines himself up for Treasury secretary role
(DBN)

US Bond Yield Spike Sends Warning to ‘King of Debt’ Trump
(DBN)

The world prepares for a fresh era of tariffs under Trump 2.0
(DBN)

Why Trump’s Plan to Escalate Tariffs Has So Many Haters
(DBN)

Trump Win Wreaks Havoc With Rate-Cut Expectations Around World
(DBN)

Muni Bonds Tumble After Trump Victory Ignites Deficit Worries
(DBN)

How Trump's election victory will impact your wallet
(DBN)

What Trump’s win means for the federal workforce
(DBN)

In Trump Markets, Big Question Is How Much ‘MAGA’ 2.0 Will Cost
(DBN)

Trump’s return to White House sets stage for far-reaching immigration crackdown Immigrant advocates get ready for another 4 years of battle How Mass Deportations Would ‘Devastate’ Texas
(DBN)

Trump’s Pentagon overhaul: 8 policy changes he’s expected to make
(DBN)

What markets see in the Trump 2.0 economy
(DBN)

Trump’s proposed tariffs could raise prices for consumers and slow spending
(DBN)

More Trump Tariffs Are Coming But CEOs Insist They Are Prepared
(DBN)

Bernie Moreno: Tariffs are ‘not going anywhere’
(DBN)

China Export Growth Jumps to Two-Year High as Tariff Risks Loom
(DBN)

Trump vow on new trade war sends shockwaves through supply chain, importers race to move up orders
(DBN)

5 Ways Donald Trump’s Next Presidency Could Impact Retirees
(DBN)

Container Shipping Giants Dive on Trump Trade-Tariff Worries
(DBN)

Bonds Fall Most Since 2020 as Trump Win Revives Inflation Risk
(DBN)

How Trump Could Affect Social Security And Medicare—Group Warns Funds Could Run Out In 6 Years Under His Plans Trump promised no taxes on Social Security benefits. It’s too soon to plan on that change, experts say
(DBN)

Millionaire Tax Backed by Illinois Voters in Threat to Chicago
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Mortgage Rates Rise Again, With Recent Jump Most in Two Years
(DBN)

Higher mortgage rates predicted after Trump win
(DBN)

Asking Rents Mostly Unchanged Year-over-year
(DBN)

Trump Win Supercharges Freddie Mac, Fannie Mae Preferred Zombies
(DBN)

Houston Galleria building designed by master architect I.M. Pei sold at auction
(DBN)

Man who used legal loophole to live rent-free for years in NYC hotel found unfit to stand trial
(DBN)

‘Nonsensical’ for CCA to declare bankruptcy Izmirlian group open to resolution with CCA
(DBN)

Here’s Where Minimum-Wage Workers Can Actually Afford Rent
(DBN)

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Oil/Gas:

From Oil to EVs, Here’s What a Trump Victory Means for Energy
(DBN)

Citi Sees Oil Prices Dropping to $60 Under Trump
(DBN)

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Politics:

America’s Friends and Foes Brace for a New World Under Trump - WSJ What to expect from Trump's second term Trump has big plans for ‘day one’ on immigration, energy and more Get ready for Trump's Pentagon overhaul, from abortion policy to the color of Air Force One Truth Social Stock Surges on Trump Election Victory The sun rises on Trump's resurgent MAGA era Big red shock: Takeaways from Trump's election night romp Latino men, younger voters, the economy: 5 stats that help explain Trump's victory The most powerful Republican president of the modern era Trump's recipe: Limit his losses among key groups How Trump Won, Again Democrats keep forgetting the working class This Is Why Trump Won Donald Trump just won the greatest jury verdict in American history What Trump’s Win Means for U.S. Foreign Policy Some Global Leaders Greet Trump With Cheers, Others Duck and Cover ‘Trump’s America’: Comeback Victory Signals a Different Kind of Country Trump Offered Men Something That Democrats Never Could America Makes a Perilous Choice It’s Time to Admit America Has Changed Americans want to return to a place that no longer exists What Trump's Victory Says About America George Conway reflects on election: America did this to itself Stop Pretending Trump Is Not Who We Are The Atlantic’s David Frum leaves GOP after Trump victory Evangelical leaders celebrate Trump’s victory as a prophecy fulfilled Trump loses ground with LGBTQ voters Trump sets GOP record with Latino voters, poll says Texas county hasn't voted Republican since 1892—until now A big chunk of the future electorate is MAGA red Speculation whirls as Trump begins vetting for top White House jobs Trump's Comeback Looks a Lot Like Jackson's
(DBN)

Harris Concedes; Pledges Peaceful Transfer of Power "Don't ever give up": Harris addresses nation after stunning loss to Trump Trump receives phone call and invite to the White House from Biden Barack, Michelle Obama congratulate Trump and Vance
(DBN)

The Polymarket 'whale' banked $48 million in profits on Trump's election win
(DBN)

Every uncalled race left in the fight for control in Washington Uncalled races blur House majority status for 119th Congress
(DBN)

GOP Starts Planning for Total Power
(DBN)

Democrat Vindman, known as a Trump whistleblower, wins competitive Virginia House race
(DBN)

Musk Is About to Find What $130 Million for Trump Gets Him
(DBN)

How Project 2025 would change American life
(DBN)

Trump won, but so did seven ballot measures protecting abortion rights Election reveals voters' abortion disconnect Six States Expand Abortion Rights
(DBN)

Johnson says economy, border trumped Dems' abortion focus
(DBN)

Harris’s Loss Triggers Soul-Searching, Recriminations Within Democratic Party Harris calls Trump to concede election loss Democrats Botched the Election—Six Mistakes That Led to Trump Victory Why a strong female support base wasn’t enough to help Kamala Harris clinch a presidential win Democrats Got the Recovery They Wanted. It Wasn’t Enough. ‘Holy Smokes! Literally Nothing?’ Jake Tapper in Awe After Harris Fails To Outperform Biden in a Single State Harris hoped to ride abortion to another post-Dobbs Democratic victory. It didn’t work. Democrat blame game begins as Harris accused of picking wrong running mate Donald Trump’s triumph among minority voters is a nightmare for the Left Shifting loyalties of these voters helped power Donald Trump to election win Results suggest Trump made more gains with Latinos Scarborough: Democratic Party ‘has been just wiped out this morning’ ‘I’m Profoundly Disturbed!’ Sunny Hostin Denounces Trump Win as a ‘Referendum On Cultural Resentment’ in Jawdropping A-Block on ‘The View’ Democratic Consultants Deceived Donors, Spent Nothing on Promised Voter Turnout Dems rage against Biden’s ‘arrogance’ after Harris loss Democrats start clawing each others' eyes out Democratic activists shaken — and say they need a new plan
(DBN)

Sanders: Democratic Party ‘has abandoned working class people’
(DBN)

California Gov. Gavin Newsom On Election: Donald Trump Better Remember This Is The “United STATES Of America”
(DBN)

Texas voter turnout falls in 2024 election despite record registration numbers
(DBN)

GOP eyes Senate majority of their dreams after riding Trump's coattails
(DBN)

Winds shift toward GOP in fight for House Republicans Near Trifecta With Democrats’ House Hopes Fading
(DBN)

What's next for tech giants like Google, Apple, and Microsoft with Trump win
(DBN)

Ohio Voters Reject Ban on Partisan Gerrymanders
(DBN)

DACA recipient wins New Mexico legislative seat
(DBN)

RNC Face Plants In Suit To Toss Out Georgia Ballots
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

US court reluctant to blow up Boy Scouts’ $2.46 billion sex abuse settlement Sex abuse victims fight to thwart Boy Scouts’ $2.4 billion bankruptcy payout plan
(DBN)

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Aviation:

Gol Plans Bankruptcy Exit as Top Lender Abra to Buy Brazilian Airline Gol reaches debt-equity deal with Abra Group for Chapter 11 exit plan
(DBN)

India’s Top Court Orders Liquidation of Bankrupt Jet Airways Supreme Court orders liquidation of Jet Airways
(DBN)

____________

Crypto:

FTX Co-Founder Gary Wang Seeks No Jail Time for Cooperation in SBF Case
(DBN)

Americans aged 60 plus lost over $1.6B to crypto scams in 2023, says FBI
(DBN)

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Tech:

Afiniti files for Chapter 15 bankruptcy in the US
(DBN)

Young AI just got a ticket to run wild
(DBN)

Why Did Kamala Harris Lose the Election? We Asked ChatGPT
(DBN)

Australia proposes ‘world-leading’ ban on social media for those under 16
(DBN)

____________

Autos:

Tesla’s Stock Jumps After Trump’s Victory
(DBN)

Trump’s election win spells bad news for the auto industry
(DBN)

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Healthcare:

CarePoint files for Chapter 11 bankruptcy: 5 things ASCs need to know
(DBN)

Doctor surrenders license after allegedly asking patient who revealed abortion if she ‘had Jesus in her life’
(DBN)

RFK Jr. says ‘entire departments’ at FDA ‘have to go’
(DBN)

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Fitness:

Planet Fitness enters 11th hour bid for bankrupt Blink Fitness
(DBN)

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Education:

Philadelphia’s UArts Is Offloading Its Buildings in the Wake of Bankruptcy Filing
(DBN)

What’s at Stake for Schools as Trump Returns to the White House
(DBN)

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Cannabis:

Pot shares fall after efforts to legalize recreational cannabis in U.S. fall short
(DBN)

Texas cops in shock as Dallas votes to decriminalize marijuana despite their warnings | Daily Mail Online
(DBN)

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Religion:

MAGA evangelical leader behind get-out-the-vote nonprofit charged with child porn
(DBN)

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Batteries:

Northvolt CEO Says Long-Term Capital Needs Top $900 Million
(DBN)

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Student Debt:

What Trump winning the election could mean for student loan forgiveness
(DBN)

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Sovereigns:

Zimbabwe to Hold Talks on $21 Billion Debt Albatross This Month
(DBN)

Ghana Presidential Favorite Wants to Rework $3 Billion IMF Deal
(DBN)

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UK:

Council looks at possible bankruptcy with severe cuts to services expected
(DBN)

Why Donald Trump is the British government’s worst nightmare
(DBN)

Trump Policies Cloud Bank of England’s Path to Future Rate Cuts
(DBN)

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EU:

ECB’s Guindos Warns of ‘Huge’ Impact of Trump Tariff Plans
(DBN)

ECB’s Villeroy Says Trump Election Poses Risks to Global Economy
(DBN)

Europe’s Bond Sellers Set for Brisk Return After Trump’s Win
(DBN)

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Canada:

Vancouver developers struggle with wave of insolvencies as costs soar
(DBN)

Trudeau Faces New Trade Fight After Trump Returns to White House
(DBN)

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Mexico:

What’s at Stake for Mexico in a Second Trump Presidency?
(DBN)

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MENA:

A&O Shearman achieves impressive hat-trick under the UAE bankruptcy law with EHG’s c.AED3.5 billion restructuring
(DBN)

Trump Has History of Strong Support for Israel
(DBN)

Trump Wants to End Gaza War on Israel’s Terms
(DBN)

Hezbollah rocket fired from Lebanon hits Israel's main airport
(DBN)

Palestinians will not be allowed to return to homes in northern Gaza, says IDF
(DBN)

____________

Russia:

For Ukraine, Trump Victory Signals a Shift. To What, Is Unclear 'Worry' in Ukraine at Trump victory at critical moment in war Zelensky Congratulates Donald Trump on 'Impressive' Victory
(DBN)

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China:

Xi Is Better Prepared for Trump Even as 60% Tariffs Risk Chaos
(DBN)

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Cuba:

Cuba's power grid collapses as Hurricane Rafael lashes the island
(DBN)

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Germany:

German coalition govt collapses: Chancellor Scholz fires finance minister
(DBN)

Trump victory deals latest heavy blow to a struggling Germany
(DBN)

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India:

IBBI bats for pre-institution mediation between operational creditors and corporate debtors
(DBN)

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Singapore:

Wife of convicted Hin Leong founder puts up Queen Astrid Park GCB for sale at $100 million
(DBN)

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