November 8, 2024

The Daily Bankruptcy News

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Due to the Veterans Day holiday, The Daily Bankruptcy News will not publish on Monday, November 11, 2024



Law:

Which law firms are expected to win influence in Trump administration?
(DBN)

Lawyer suspended after arguing cocaine enhanced his cognition
(DBN)

Biglaw Partner Drops Slur In Dustup With Neighbors
(DBN)

‘I haven’t seen sunlight in 3 months’: American law firm trainees in London endure 13-hour days for eye-watering six-figure starting salaries
(DBN)

The Best Of Times, The Worst Of Times: Navigating The Emotional Roller Coaster As An In-House Lawyer
(DBN)

Utah considers allowing law grads to choose apprenticeship rather than bar exam
(DBN)

The Narrow Path Back From Disbarment: 'You Have to Really Want to Be a Lawyer Again'
(DBN)

Jan. 6 Defendants Already Angling for Pardons
(DBN)

Trump is due to be sentenced in 3 weeks. It probably won’t happen.
(DBN)

Potential Trump AG candidate threatens to prosecute Letitia James for conspiracy
(DBN)

As Trump grasps unprecedented power, Supreme Court’s decision on presidential immunity looms
(DBN)

Jan. 6 'agent of chaos' who hit cops guarding Capitol with wood, metal poles is sentenced
(DBN)

Hundreds of Jan. 6 rioters are on the verge of escaping charges
(DBN)

Giuliani rejects claim that property he owes in defamation case is missing Rudy Giuliani Is Exactly That Fool Of A Client Giuliani Ordered to Hand Mercedes to Poll Workers Next Week Angry judge fed up with Giuliani efforts to keep valuables away from election workers Judge blasts Rudy Giuliani's 'farcical' excuse for failing to turn over assets in defamation case Giuliani must part with his Mercedes, jewelry and other valuables or else get held in contempt Defiant Giuliani says he’s a victim of ‘political persecution’ as he’s told again to give up assets 'Not smart': Attorney stunned as Rudy Giuliani holds press conference after court
(DBN)

Lawyer linked to Trump’s transition defends Trump’s right to dictate Justice Department actions
(DBN)

Here’s who’s in the running to be Trump’s White House counsel
(DBN)

No pardon planned for Hunter Biden, White House says
(DBN)

Trump victory spurs worry among migrants abroad, but it’s not expected to halt migration
(DBN)

Louis Bacon’s $203 Million Court Win Against Peter Nygard Tossed
(DBN)

Man who told ex 'she would end up like Gabby Petito’ before murdering her is found guilty
(DBN)

Kenosha school district says potential school shooting thwarted by staff; teen arrested
(DBN)

'Told her that he was going to stab her': Man allegedly kills girlfriend over new haircut
(DBN)

Young man allegedly kills his slightly older brother during 'altercation' over $10
(DBN)

Corrections officers plotted 'going away party' to ambush inmates awaiting release
(DBN)

Woman 'strategically placed' gun in utility box in fatal shooting caught on Facebook: Cops
(DBN)

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Judges:

Fifth Circuit Rejects Appeal Over Texas Bankruptcy Judge's Legal Novels Texas Judge, Author of Hedge-Fund Novel, Cleared to Oversee Actual Bankruptcy Case
(DBN)

Trump Judge Removes Amnesty for Illegal Immigrants Married to US Citizens
(DBN)

Phishing emails purported to be from PACER’s electronic filing system target lawyers Alert For Lawyers: Don't Fall For This Federal Courts Phishing Scam
(DBN)

Abortion-Focused US State Supreme Court Races Draw Mixed Results
(DBN)

Trump Will Be Looking For 'More Bold, More Fearless' Judges In His Second Term
(DBN)

Trump has potential to appoint a majority of the Supreme Court
(DBN)

The last best hope for Supreme Court liberals: Amy Coney Barrett
(DBN)

New Fifth Circuit Judges Possible for Trump, Big Cases to Shift
(DBN)

Billionaire Money Changed The Texas Judiciary
(DBN)

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Wall Street:

Stock futures slip as Wall Street tries to extend postelection rally
(DBN)

What a Republican sweep in Congress could mean for the stock market—in one chart
(DBN)

Goldman Sachs appoints 95 new partners, including 26 women
(DBN)

US Stocks Draw Biggest Inflow Since June on the Day of Trump Win
(DBN)

Investors Dial Back ‘Trump Trades’ as Policy Questions Remain
(DBN)

Arizona's Unprecedented Crackdown on Homelessness
(DBN)

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Layoffs:

Audi Wants To Cut Workforce By 15%, Report Warns Thousands Of Jobs At Risk
(DBN)

New ShareFile parent eliminating 200 jobs
(DBN)

Freshworks to lay off 660
(DBN)

Sumitomo Rubber closing Tonawanda tire facility, 1,550 workers will lose jobs
(DBN)

Boeing CEO Says Furloughed Workers Will Be Paid for Lost Time
(DBN)

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Education:

Jewish students attacked at DePaul University in Chicago while showing support for Israel
(DBN)

Student loans, Title IX: What education policies might come out of a Trump administration
(DBN)

Harvard Professors Cancel Classes as Students Feel Blue After Trump Win
(DBN)

Teachers fed Takis chips, hot sauce to special needs student with digestive issues: Cops
(DBN)

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Food/Beverage:

2 small restaurant companies file for Chapter 11 bankruptcy
(DBN)

Hurricanes add pressure to Tijuana Flats’ bankruptcy progress
(DBN)

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Climate:

Global temperatures likely to exceed key limit for first time Soaring temperatures to set new global heat record, surpassing last year's mark
(DBN)

3,500 homes under threat as Ventura County fire burns through neighborhoods Los Angeles-Area Wildfire Burns Homes and Forces Evacuations Southern California wildfire destroys 132 structures as officials look for fierce winds to subside
(DBN)

Drought plagues majority of Northeast as dry, windy weather raises fire risk
(DBN)

No leaders remain to check Trump’s climate wreckage
(DBN)

Trump Stranglehold Adds to Growing Doubts at Climate Talks
(DBN)

Trump Plans to Dismantle Biden’s Climate Law. It Won’t Be Easy
(DBN)

Gigawatt-scale green hydrogen developer files for insolvency after it loses major backer
(DBN)

Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings
(DBN)

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Media:

Trump’s return raises questions about media’s credibility
(DBN)

Media’s Crisis Point: It’s Losing Relevance and Scorned in Trump Era. A Reboot May Be Next
(DBN)

‘Death by a thousand cuts’: How experts warn Trump could use an authoritarian playbook to go after the media
(DBN)

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Healthcare:

The state is considering a new owner for Bayonne Medical Center. A union is demanding financial guarantees
(DBN)

Washington Regional Medical Center files for Chapter 11 bankruptcy, continues operations as normal North Carolina hospital files for bankruptcy ENC hospital files for for Chapter 11 Bankruptcy
(DBN)

Millions at risk of losing health insurance under a Trump administration
(DBN)

Trump’s White House return poised to tangle health care safety net
(DBN)

‘Not medically necessary’: Inside the company helping America’s biggest health insurers deny coverage for care
(DBN)

Trump’s win could accelerate the privatization of Medicare
(DBN)

RFK Jr.’s plan to ban fluoridation? Work’s already underway
(DBN)

FDA Science, Vaccine Policy to Face ‘Firm Hand’ in Trump Return
(DBN)

Americans stockpile abortion pills and hormones ahead of ‘reproductive apocalypse’ under Trump
(DBN)

Can lawyers hold doctors accountable for wasting our time?
(DBN)

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Water:

The water bubble is about to burst
(DBN)

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Sports:

St. Louis Cardinals reach multi-year agreement with Diamond Sports Group to continue airing games
(DBN)

Following success of MLB's big-spenders, smaller market teams try to counter amid RSN uncertainty
(DBN)

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Celebs:

Federal judge hears arguments in Shilo Sanders' bankruptcy case
(DBN)

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Economy:

Federal Reserve cuts interest rates by a quarter point FOMC Statement: 25bp Rate Cut Key Takeaways From Fed Decision to Cut Rate by Quarter Point The Fed cuts interest rates — but Trump's election could make things trickier Fed cuts interest rates for second time this year against election backdrop Powell: Fed won’t ‘speculate’ about Trump’s impact on economy Fed meeting recap: Powell ‘feeling good’ about economy, says Trump can’t legally fire him
(DBN)

Traders see good chance the Fed cuts again in December then skips in January
(DBN)

Powell says he would not resign as Fed chief if Trump asked for his resignation
(DBN)

Weekly Initial Unemployment Claims Increase Slightly Weekly Initial Unemployment Claims Increase to 221,000
(DBN)

The president’s influence on the U.S. economy may be greatly exaggerated, according to experts
(DBN)

Is the ‘vibecession’ here to stay? Here’s what experts say
(DBN)

What Trump's election victory means for job seekers
(DBN)

Steve Madden to slash China sourcing by as much as 45% as Trump’s tariff plan looms
(DBN)

Why Trump’s return could spark another bout of inflation and delay interest rate cuts Economists warn that Trump policies will trigger inflation The exact thing that helped Trump win could become a big problem for his presidency Higher Prices, Trade Wars and More: What to Know About Trump’s Tariffs
(DBN)

Here's what Trump 2.0 means for the economy, from tariffs to mass deportations
(DBN)

How Trump Could Put His Campaign Promises on Tariffs Into Action
(DBN)

China Wants a Deal With Trump, Foreign Ministry Adviser Says
(DBN)

Trump says there's 'no price tag' for his mass deportation plan
(DBN)

Here’s Who Trump May Tap to Drive His Economic Agenda
(DBN)

Democrats' election losses prove how much people hate inflation
(DBN)

A top mind at JPMorgan Asset Management sounds the alarm about an obvious economic red flag after Trump's resounding win, even as US stocks soar
(DBN)

Millennials are raising pets instead of kids. It's not going well for the pets.
(DBN)

The world’s 10 richest people got a record $64 billion richer from Trump’s reelection
(DBN)

The real reason for the rise in male childlessness
(DBN)

For Trump and Republicans in Congress, ‘everything is in play’ on tax cuts
(DBN)

Trump Win Gives Loyal Billionaire Backers Power to Sway Top Jobs
(DBN)

Charted: How American Households Have Changed Over Time (1960-2023)
(DBN)

Ranked: Top 10 Countries by Value of All Their Natural Resources
(DBN)

US Voters Back $52 Billion of Borrowing for Schools and Roads
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Realtor.com Reports Active Inventory Up 26.6% YoY
(DBN)

Americans Are Content to Rent as Market Tilts Away From Buyers
(DBN)

1st Look at Local Housing Markets in October; First Year-over-year Sales Gain Since August 2021
(DBN)

Top 8 U.S. cities where people are moving for cheaper rent
(DBN)

Mapped: Median Home Sale Price by U.S. State
(DBN)

Florida Boom Metros See Biggest Drop in Home Prices Since 2011
(DBN)

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Municipalities:

Jackson mayor and other local Mississippi officials accused of bribery
(DBN)

Facing big deficits, Louisiana considers tax changes
(DBN)

‘We Will Take Over The Horribly Run Capital’: The Return of Trump Petrifies Local DC
(DBN)

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Oil/Gas:

Hours after Trump’s election, Biden moved to limit oil drilling in Arctic National Wildlife Refuge
(DBN)

Biden Rushing Study That Threatens to Slow Trump’s LNG Plans
(DBN)

Will Trump’s win be a Pyrrhic victory for the oil industry?
(DBN)

____________

Politics:

With Trump win, Democrats ask anxious questions about America George Clooney Blamed by Dems for Turning on Biden Biden promises an orderly transfer of power Biden on Trump victory: ‘The will of the people always prevails’ Biden urges Americans to 'bring down the temperature' Sanders ignites Democratic battle over election loss White House: ‘Respectfully disagree’ with Sanders that Democrats abandoned working class Democratic strategist says her party has lost ‘common sense’ and the ability to speak to ‘normal people’ Ocasio-Cortez not going to ‘sugarcoat what we are all about to collectively experience’ Carville calls Trump win ‘depressing’: ‘Tens of millions of people fell for this s---’ 10 Democratic Thinkers on What the Party Needs Right Now How Trump broke both parties and where Democrats go from here Outside of the presidential race, Democrats had a good election in North Carolina
(DBN)

Susie Wiles, Trump’s low-key campaign manager, seen as frontrunner for White House chief of staff Trump Picks Susie Wiles as Chief of Staff How Trump’s staffing has already turned into a war U.S. allies, haunted by past Trump insults, race to delete posts and praise election victor There’s No Denying It Anymore: Trump Is Not a Fluke—He’s America The story of how Trump went from diminished ex-president to a victor once again The 14 Places That Explain Trump’s Victory What Trump's first 100 days in office could look like Trump Media shares dive 20%, giving up Election Day gain Why Trump won, why Harris lost, and what it all means Elon Musk went all-in on Pennsylvania — and helped deliver the White House to Trump Trump weighs outsiders as he builds a new Cabinet How Trump pulled off his comeback America’s red shift: See the counties where Trump boosted his share of the vote Latino men embraced Trump, according to exit polls, a sharp break from 2016 and 2020 How Trump won one-fifth of Black men and nearly half of Latino men America's diploma divide: States with fewer grads went for Trump How Trump's election win was driven by targeted communications Guardian offers therapy to staff after ‘devastating’ Trump election win Trump's Gen Z appeal Trump wins Nevada, capturing a state he lost in both 2016 and 2020 Why Did Trump Really Win? It’s Simple, Actually. Former CIA officials worry Trump could politicize and weaponize intelligence agencies Florida looks like a Trump administration staffing agency The end of Pax Americana
(DBN)

Trump's MAGA allies gloat Project 2025 "is the agenda"
(DBN)

Trump’s master plan for a radical reformation of the US government
(DBN)

Liberal women going on sex strike over Trump win
(DBN)

Gov. Newsom calls special session to resist incoming Trump administration 'We won't sit idle': Newsom goes on offensive against Trump Illinois governor on Trump win: ‘You come for my people, you come through me’ New Jersey is ready to work with Trump again — or 'fight to the death' if needed
(DBN)

Elon Musk's Twitter takeover math has changed
(DBN)

Texas Secessionists Declare 'Revolution' After Election Results
(DBN)

Ex-Hedge Fund CEO Defeats Senate Democrat in Pennsylvania
(DBN)

Americans Flock to Expats Websites
(DBN)

____________

Crypto:

FTX fraudster Caroline Ellison reports to Connecticut prison to begin 2-year sentence
(DBN)

FTX Founder Gary Wang Hopes to Avoid Prison—Unlike SBF and Caroline Ellison
(DBN)

Toronto crypto company CEO kidnapped, held for $1M ransom before being released
(DBN)

California revokes the lending license of the bankrupt crypto lending platform BlockFi
(DBN)

____________

Autos:

Wholesale Used Car Prices Decreased in October; Down 3.2% Year-over-year
(DBN)

Ally Auto Borrowers With 2022 Loans Now Struggling, CFO Says
(DBN)

EV Growth Expectations for Trump Years Are Already Being Slashed
(DBN)

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Solar:

Trump Win Unlikely to Thwart Rooftop Solar, Sunrun CEO Says
(DBN)

Solar, Clean Energy Stocks Hammered After Trump’s White House Victory
(DBN)

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Transit:

NYC Congestion Pricing Faces Urgent Deadline With Trump Victory
(DBN)

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Cannabis:

Cannabis MSO Slang Worldwide to dump Colorado assets, enter bankruptcy
(DBN)

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Apparel:

Delta Apparel Faces Chapter 11 Bankruptcy Challenges: Don't Rely on MORs
(DBN)

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Labor:

Ranked: Union Membership by Industry in America
(DBN)

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Tech:

Super Micro May Face $1.7 Billion Bond Repayment If Delisted
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Rise 16.2 Percent
(DBN)

US Bankruptcy Filings Rise 16.2% as Interest Rates, Inflation, and End of COVID Relief Hit Hard
(DBN)

For second year, bankruptcy filings continue rise
(DBN)

Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the 12-Month Period Ending September 30, 2024 Bankruptcy Cases Filed, Terminated, and Pending—During the 12-Month Periods Ending September 30, 2023 and 2024 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County—During the 12-Month Period Ending September 30, 2024 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the One-Month Periods Ending July 31, August 31, and September 30, 2024, Based on Data Current as of September 30, 2024 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the Three-Month Period Ending September 30, 2024
(DBN)

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Mass Torts:

Boy Scouts Battles Bid to Upend Bankruptcy Plan in Third Circuit
(DBN)

Who will buy Infowars? Both supporters and opponents of Alex Jones interested in bankruptcy auction Infowars Bankruptcy Auction Attracts Trump Loyalist
(DBN)

New Orleans Archdiocese takes step towards ending bankruptcy, plans to release sex abuse case files New Orleans Archdiocese to release files in sex abuse case
(DBN)

Pharma Fallout: How Harrington v. Purdue Pharma Will Impact Bankruptcy Law
(DBN)

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Consolidation:

Substantive Consolidation Standards & Their Application (In re Avianca)
(DBN)

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Avoidance Actions:

Divided Ninth Circuit Panel Reaffirms “Ponzi Scheme Presumption” of Intent to Defraud in Fraudulent Transfer Action
(DBN)

Second Circuit Reinstates Fraudulent Transfer Claim Against Debtor’s Lenders
(DBN)

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Intercreditor:

Texas Bankruptcy Court Significantly Reduces Damages Claims In Connection With Uptier Transaction
(DBN)

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Corporate Governance:

Delaware Supreme Court Affirms Lender’s Exercise of Right to Replace Officers
(DBN)

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Aviation:

FAA to strengthen oversight as Boeing set to resume 737 MAX production
(DBN)

Sunset for once-storied Jet Airways as turbulent insolvency flight ends Liquidation of Jet Airways' assets may give creditors around Rs 1,000 crore
(DBN)

____________

Movie Theaters:

AMC Theatres Swings to Loss on Revenue Fall AMC Theatres to Launch Major Renovations Via Its 'Go Plan'
(DBN)

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Coal:

Duke Energy to Revisit Coal Plans If Trump Axes Pollution Rules
(DBN)

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Retailing:

Rite Aid closures continue in Michigan, Ohio
(DBN)

B. Riley-Backed Franchise Group Paid Millions in Bonuses Ahead of Collapse Report: Franchise Group Paid $5.7 Million in Bonuses Before Bankruptcy
(DBN)

'Everything on sale': American Freight closing all stores amid parent company's bankruptcy
(DBN)

____________

Fraud:

Eighth Circuit Voids $564 Million Jury Verdict, Finding Bank Was Entitled to Raise Equitable Defense Against Bankruptcy Trustee
(DBN)

Trump Media Investor Gets 28 Months in Prison for Insider Trades
(DBN)

____________

Telecom:

CommScope Fails to Reach Debt Deal, Shares Tumble in Premarket
(DBN)

____________

Entertainment:

Film Finances Unveils Company Sale In Prepackaged Chapter 11, Cutting Ties With Private Equity Parent 777
(DBN)

____________

UK:

Council could soon declare bankruptcy with 'severe' cuts as it asks government for help Dudley Council finance boss quizzed on jeopardy of budget hike in salary and tax bills Cheshire East doing ‘everything it can’ to avoid effective bankruptcy Bankruptcy fears at Central Bedfordshire Council dismissed as "speculation" by senior councillor
(DBN)

Groundworks firm Corbyn files administration notice
(DBN)

Online women’s clothing retailers shut down after scam reports
(DBN)

____________

MENA:

Israeli attacks reportedly kill dozens across Gaza
(DBN)

IDF Backs Off No Return in Northern Gaza
(DBN)

‘It will be harder on us’: Palestinians weigh up impact of Trump election win People in Gaza are enduring ‘almost unparalleled suffering’, says aid group
(DBN)

Panetta: Trump Will Give Israel a Blank Check
(DBN)

____________

Argentina:

U.S. Government Opposes Forcing Argentina to Forfeit YPF Stake in $16.1 Billion Court Dispute
(DBN)

____________

Germany:

Germany to enforce national service in drastic plan as 'stupid' Scholz prepares for WW3
(DBN)

What's Next for Germany After Gov't Collapse?
(DBN)

____________

Russia:

After bludgeoning Russia's navy in the Black Sea, Ukraine is now going after a new batch of warships
(DBN)

Russia steps up mass drone attacks in bid to overwhelm Ukrainian defenses
(DBN)

Putin congratulates Trump, says he’s ready to talk Putin says he’s ‘ready’ to pick up if ‘manly’ Trump calls him
(DBN)

Putin Says Trump’s Proposals on Ukraine Deserve Attention
(DBN)

Kyiv strains to see Trump’s true plan for Ukraine Zelensky Spurns Donald Trump's Alleged "Peace Plan"
(DBN)

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Mexico:

Mexico will have to tread carefully with a new Trump administration
(DBN)

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Switzerland:

Swiss 'burqa ban' to take effect from Jan. 1
(DBN)

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Ireland:

Restructuring Update: Third-Party Releases after Purdue Pharma – Solutions in Irish Law
(DBN)

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India:

Supreme Court Criticizes NCLT and NCLAT for Delays in Insolvency Cases
(DBN)

Allow registration in insolvency cases if OC issued: IBBI
(DBN)

IBBI pushes for land authorities to join CoC meetings in real estate insolvency cases
(DBN)

Reforming Corporate Bankruptcy Laws To Address Cross-Border Insolvency
(DBN)

IBBI Proposes Insolvency Reforms To Safeguard Homebuyers
(DBN)

IBBI proposes more reforms to streamline real estate insolvency processes
(DBN)

____________

Indonesia:

Lawmakers Consider House Committee on Sritex Bankruptcy Ruling
(DBN)

____________

Australia:

Self-described Nazi becomes first person jailed in Australia for performing outlawed salute
(DBN)

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China:

Between restriction and protection: the experience, problems, and improvement path of judicial recognition of personal bankruptcy exempt property in China
(DBN)

Top China Hedge Fund Urges Clients to Pull Cash on Trump Risks
(DBN)

China Unveils $1.4 Trillion Debt Swap to Help Local Governments China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt
(DBN)

Chinese Builder Hopson in Talks With Temasek Unit for Loan
(DBN)

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Netherlands:

Attacks on Israeli Soccer Fans in Amsterdam Amsterdam police say 5 hospitalized and 62 detained after attacks on Israeli soccer fans Israel to send planes to Amsterdam after violence against Israeli soccer fans
(DBN)

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