October 10, 2024

The Daily Bankruptcy News

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Law:

Federal Judges Push Back On Self-Importance Of CEOs
(DBN)

Major 'Surge' In LSAT Demand May Lead To Intense Law School Application Cycle
(DBN)

200 Hrs. of Partner Prep Guides Quinn Emanuel's Incredibly Detailed Mock Bankruptcy Trial
(DBN)

Hurricane Help: Lawyers mobilize to support communities hit by storms
(DBN)

Davis Polk sets new £70k salary record for trainee solicitors in London
(DBN)

This law school is among the 1% that allow use of AI to write admissions essays
(DBN)

ABA changes description of Judicial Clerkship Program after conservative group sees ‘quotas’
(DBN)

Lawyer gets suspension after slapping attorney in front of courthouse
(DBN)

Female lawyer lead in ‘Matlock’ on CBS shows the power of appearing powerless
(DBN)

Fani Willis and top lieutenant mocked for 'waste of time' motion in Young Thug case
(DBN)

Jack Smith's Filing Is a Win for Trump: Ex-Prosecutor
(DBN)

Rudy Giuiliani Asks Court To Hold Off On Collecting Judgments Against Him Because It Might Embarrass Donald Trump • Rudy Giuliani Says He Doesn't Want To Collect Trump Money Before Election • Rudy Giuliani tries to block defamed election workers from going after money Trump owes him • Giuliani's son says dad gifted him World Series rings sought by election workers • Andrew Giuliani submits photo proof to keep dad's World Series rings in the family
(DBN)

Trump’s Disbarred Lawyers Have a Plan for After His 2024 Victory
(DBN)

Harley-Davidson riding lawyer cooked up COVID-19 fraud, obstructed justice as judge: Feds
(DBN)

Sean 'Diddy' Combs wants April or May trial date, lawyers say in letter to judge • Diddy prosecutors shed light on 'voluminous' discovery, including dozens of seized devices • Piers Morgan apologises to Beyoncé and Jay Z as their lawyers issue furious Diddy denial • Diddy to accuse DOJ of grand jury 'leaks' in sex-trafficking case
(DBN)

Passenger in small plane tried to ditch cocaine after emergency landing on highway: Feds
(DBN)

Fugitive Father Spotted With 3 Kids in Wilderness Years After Vanishing
(DBN)

Former Houston officer sentenced to 60 years in prison for murder in drug raid deaths
(DBN)

Woman Feeds Raccoons for Decades—Then Calls Police on Them • Woman's Home Surrounded By Over 100 Raccoons After She Spent Years Feeding Them
(DBN)

Supreme Court grapples with case of Richard Glossip, death row inmate who's had 3 last meals • Brett Kavanaugh and Amy Coney Barrett seem unsure whether to save a man’s life • Supreme Court weighs testimony from witness 'exposed as a liar' in Oklahoma death row case • Supreme Court Takes Up Death Row Case With Rare Alliance. Oklahoma Inmate Has State’s Support
(DBN)

Map Reveals America's Most Dangerous Cities
(DBN)

Louisiana hurricane victims try to revive claims against litigation funders
(DBN)

Wisconsin Supreme Court grapples with governor’s 400-year veto, calling it ‘crazy’
(DBN)

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Judges:

Jackson Walker Lawyers Spoke of Secret Judge Romance, Texts Show
(DBN)

Criminal Probe of Ex-Judge Examines Bankruptcy Advisers Who Practiced in His Court - WSJ
(DBN)

3 Scenarios for the Supreme Court to Intervene in the Election
(DBN)

Brett Kavanaugh Investigation by FBI 'Manipulated,' New Report Finds • Senate Democrat: Trump White House controlled ‘flawed and incomplete’ FBI Kavanaugh investigation
(DBN)

Amy Coney Barrett Appears To Be Breaking With Conservatives Again
(DBN)

The Fifth Circuit's Jurisprudence Is Too Far Right Even For This Supreme Court
(DBN)

Judge Decides To Just Make Up The Rules As She Goes Along
(DBN)

'Whoop my a--': Judge who posted TikTok videos from chambers, courthouse faces the music
(DBN)

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Wall Street:

Stock futures are little changed as September consumer inflation report looms
(DBN)

Dow jumps more than 400 points to record close, S&P 500 hits all-time high
(DBN)

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Layoffs:

Grinnell window manufacturer announces plans to lay off 152 workers
(DBN)

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Batteries:

Northvolt Told $1.5 Billion Loan Guarantee Is Out of Reach
(DBN)

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Politics:

Spending in presidential and congressional races projected to hit nearly $16 billion and smash records, new analysis shows
(DBN)

The presidential campaigns have made over 200 visits but speak to just a fraction of American voters
(DBN)

Donald Trump Overtakes Kamala Harris in Seven-Point Swing Nationally: Poll • Trump edges Harris by 2 points in Pennsylvania survey • Kamala Harris Extends Lead Over Donald Trump in New Poll • Kamala Harris' Support Among Republicans Almost Doubles: NYT-Siena Poll • Harris, Trump locked in tight races in Rust Belt battlegrounds: Polling • Donald Trump Scores Major Poll Boost in Florida and Texas • JD Vance's Popularity Rating Is Positive for First Time in Months • Lara Trump dismisses change candidate polling, citing ‘beverage napkins’ • When Election Modelers Attack
(DBN)

Susan Rice: Trump’s reported calls with Putin appear illegal • Logan Act: Why it could be illegal for Trump to call Putin • Trump's close relationship with Putin could come back to haunt the US • Ex-FBI agent on Trump-Putin calls: There are tapes • Trump Fans Wearing ‘Auto Workers for Trump’ Shirts at Detroit Rally Admit They’re Not Actually Auto Workers • Trump calls Maine Gov. Janet Mills a man in a mistake-riddled call to supporters, newspaper reports • Podcast host laughs when Trump describes himself as ‘basically a truthful person’ • Trump, Still Fixated on ‘60 Minutes,’ Whines About ‘Illegal’ Edits to Harris’ Sit-Down • Donald Trump Says Project 2025 Author 'Coming on Board' If Elected • Donald Trump Slams Fox News for Giving Critics Airtime • Trump to rally in Democratic states in unorthodox strategy for the election's final weeks • Trump’s small-dollar donor fundraising is beset by confusion and fatigue • Trump's Apocalypse America tour heads to Colorado • Trump campaigns in ‘make or break’ Pennsylvania • Lawmakers vow to fight Trump if he restores Confederate base names • 'This is dictator talk': Critics blast Trump for threatening CBS broadcast license
(DBN)

Harris' mission critical in final push: Wipe out Trump's advantage on the economy • Are Older Voters Kamala Harris' Secret Weapon? • Hurricanes and War Force Harris to Share the Spotlight With Biden • Kamala Harris' Media Blitz Is Not Going to Plan • ‘Fox & Friends’ Are Real ‘Mad’ Kamala Harris Drank a Beer With Colbert • Kamala Harris Has Raised $1 Billion Since Entering 2024 Presidential Race • Billy Graham Evangelistic Association threatens to sue Evangelicals for Harris over anti-Trump ads • Here’s What Harris Must Do to Seal the Deal • Harris Courts Trump’s Base as Battle for Rural Vote Heats Up
(DBN)

Steve Bannon Has Called His “Army” to Do Battle—No Matter Who Wins in November
(DBN)

Dairy Farmers Quickly Spoil MTG’s ‘Weird’ Raw Milk Tweet
(DBN)

‘No One Has Any Idea’: Why the Election Has Wall Street Frozen
(DBN)

Resistance to Public Health, No Longer Fringe, Gains Foothold in G.O.P. Politics
(DBN)

The science behind why people think they're right when they're so, so wrong
(DBN)

Jeffries and Johnson plow cash into House "squinter" races
(DBN)

AI tracker charts growth in deepfakes ahead of election
(DBN)

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Food/Beverage:

Applebee’s franchisee files for bankruptcy after creditor lawsuit
(DBN)

Distributor of Josh Cellars, Yellow Tail offers to buy Vintage Wine Estates Hopland winery for $16 million
(DBN)

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Crypto:

FTX investors drop lawsuit against law firm Sullivan & Cromwell
(DBN)

Almost Half of Traditional Hedge Funds Are Dabbling in Crypto
(DBN)

Ex-Crypto Tech Firm Banq's Bankruptcy Tossed as Bad-Faith Filing
(DBN)

WazirX selects 10 creditors for the CoC but there is a catch
(DBN)

69,000 Bitcoins Are Headed for the US Treasury—While the Agent Who Seized Them Is in Jail
(DBN)

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Mining:

After failing to rescue Iron Range mining projects, business owner sued for not paying legal bills
(DBN)

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Turnarounds:

The Modern Turnaround Manager: The Trends, Tech and Skills Required to Navigate Today’s Market
(DBN)

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Banking:

Biggest US Banks Face Revenue Pressure in New Era of Rate Cuts
(DBN)

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Yachts:

Holterman Shipyard files for bankruptcy amid potential takeover discussions
(DBN)

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Biotech:

Navigating Uncertainty: The Financial And Ethical Challenges In Biotech Restructuring
(DBN)

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Economy:

Fed Officials Debated Whether a Big Rate Cut Was Smart in September • Fed officials were divided on whether to cut rates by half a point in September, minutes show • Fed’s Collins Says Half-Point Rate Cut Was ‘Prudent’ Given Risks • FOMC Minutes: "Some participants noted that there had been a plausible case for a 25 basis point rate cut at the previous meeting" • Fed shrugs off downturn concerns in latest minutes
(DBN)

Powell’s Half-Point Cut Is Hard to Repeat With FOMC in No Hurry
(DBN)

US CPI Data Will Likely Show Further Disinflation in September
(DBN)

Why the stakes for the September inflation report have risen after a blowout jobs number
(DBN)

Fed’s Daly Sees One or Two More Quarter-Point Cuts This Year
(DBN)

Logan Says Fed Should Cut ‘Gradually’ Amid Economic Uncertainty
(DBN)

Credit Risk Likely To Rise As 2024 Draws To A Close
(DBN)

A Trump victory raises the risk of a US economic situation worse than recession, 'Dr. Doom' Nouriel Roubini says
(DBN)

US Average FICO Score Holds Steady After First-in-Decade Fall
(DBN)

Dell's sudden 5-day return-to-office order leaves parents scrambling to find childcare
(DBN)

Half Of Gen Z Have 'Financial Strain' From Keeping Up With Fashion Trends
(DBN)

Report says many Americans fear they're behind on retirement savings • Only 37% of American workers feel good about their retirement savings—here's the No. 1 factor that helped them get ahead
(DBN)

AAR: Rail Carloads Down YoY in September, Intermodal Up
(DBN)

Trump Vows to Eliminate Income Taxes on Americans Living Abroad
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

1st Look at Local Housing Markets in September
(DBN)

Boston Residents Face 28% Tax Hike as Office Values Slump
(DBN)

Hurricane Milton is headed right into $1.1 trillion worth of commercial real estate properties: Moody's
(DBN)

Milton threatens to trigger flood insurance reckoning for Congress • Milton threatens to upend shaky Florida homeowners insurance market • Just how doomed is home insurance? • After Floods, Soaring Insurance Rates Become a Hot Election Issue • Florida's Largest Insurer Issues Hurricane Milton Warning to Policyholders • ‘This is the worst-case scenario’: Hurricane Milton could clobber Florida’s insurance market
(DBN)

Hamptons Town Accused of Illegally Blocking Affordable Housing Plan
(DBN)

NYC Apartment Renters Get a Break But Bargains Remain Elusive
(DBN)

Winning bidder backs out of LI retirement facility purchase
(DBN)

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Municipalities:

Controversial Dolton Mayor Tiffany Henyard facing eviction: report
(DBN)

San Francisco to Shut 9% of Public Schools Amid Budget Woes
(DBN)

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Oil/Gas:

Vertex pivots renewable hydrocracker back to conventional processing, production
(DBN)

Legal battle looms as Griffin Resources files for bankruptcy
(DBN)

100-foot geyser of water, oil causing lots of headaches in West Texas
(DBN)

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Fraud:

Scammers Clone Voice Of Congressional Candidate To Trick Dad Into Sending $35,000!
(DBN)

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Fintechs:

How Safe Is Your Money in a Fintech, Really?
(DBN)

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Private Equity:

PE-Backed Firms Suffering Higher Default Rates, Moody’s Says
(DBN)

Slash and burn: is private equity out of control?
(DBN)

KKR Spars With DOJ Over Deal Reviews in Bad Omen for Private Equity Firms
(DBN)

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Climate:

Hurricane Milton Is Terrifying, and It Is Just the Start • How hurricanes like Milton may be supercharged by climate change
(DBN)

Hurricane Milton isn't the end of our destructive storm season. There's likely more to come.
(DBN)

How Climate Change Contributes to Hurricanes’ Dangerous Paths
(DBN)

Stunning images show Hurricane Milton from space • Milton spawns tornado outbreak as storm intensifies • Multiple fatalities in St. Lucie County from tornadoes • More than 3 million without power as Hurricane Milton slams Florida, causes deaths and flooding • Hurricane Milton damages the roof of the Rays’ stadium • Hurricane Milton destroys dome of Tampa Bay Rays baseball stadium where first responders are sheltering as 'multiple' people are killed amid 'catastrophic' flooding and 120mph winds • ‘Dangerous’ Milton Threatens to Flood Cities, Hurl Cranes Into Buildings, Overwhelm Hospital Barrier • Hurricane Milton expected to be so powerful, it could forever change Florida’s coastline • Hurricane Milton was fastest on record to intensify into Category 5 in the Gulf of Mexico: "Historic storm" • Milton is rewriting the record books • NASA Reveals What Fueled Storm's Rapid Intensification • Hurricane Milton Has Reshaped Storm Science Even Before Making Landfall • How common are back-to-back hurricanes? A climatologist answers. • Medical Facilities in Milton’s Path Are Preparing With Closures and Barricades • Tampa Bay's main hospital is built on a low-lying island. Hurricane Milton could push its defenses to the limit • Flood Barrier Protecting Florida Hospital May Not Be Enough To Stop Milton • U.S. Races to Replenish Storm-Battered Supplies of IV Fluids at Hospitals • Florida’s gas stations are running out of fuel and Hurricane Milton could have lasting impacts on the state’s supply • I spent $1.25 million on a 'hurricane-proof' home in Milton's path. I'm not evacuating. • For some riding out Milton along Florida’s west coast, ‘the alternatives weren’t too inviting’ • Florida Residents Told To ID Their Bodies Now if Not Fleeing Hurricane • Some Florida Inmates Will Not Evacuate as Milton Approaches, Officials Say • Hurricane Milton Prompts Evacuations for Nearly Half of Florida • Terrifying alligator warning as Hurricane Milton to spark surge in sightings • Disney World Issues Closure Update Ahead of Hurricane Milton • DeSantis vows to punish Floridians who leave dogs tied up amid hurricanes • Florida fire marshal calls electric vehicles "ticking time bombs" as Hurricane Milton nears • FEMA leader vows "whole federal family" will respond to Hurricane Milton amid reports of staff shortages • What we couldn't prepare for with Hurricane Milton • DOJ and FTC warn consumers of fraud and price gouging risks ahead of Hurricane Milton • State lawmakers pass $273M Helene relief bill • Harris Campaign Names Republicans Who Voted Against FEMA Funding
(DBN)

Hurricane Helene: 11 from single North Carolina family dead as authorities keep finding bodies
(DBN)

FEMA head: Volume of misinformation ‘starting to go down’ • Florida Republican suggests Greene have ‘head examined’ over hurricane claims • Kamala Harris 'is in control of this hurricane' using 'weather weapons': Alex Jones • NC Republican: ‘Hurricane Helene was NOT geoengineered by the government’ • The Republicans Pushing Back Against FEMA, Helene 'Myths' • Harris makes impromptu call into CNN, says Trump’s hurricane comments ‘dangerous’ • Trump's claim that Biden stole $1 billion from FEMA for migrants is Pants on Fire • As Milton misinformation swells, some Republicans try to course correct • How could hurricanes impact the election? What we can learn from 5 recent storms
(DBN)

Georgia GOP moves to block extending voter registration in aftermath of Hurricane Helene • Two states blasted by storms tweak voting rules
(DBN)

Georgia EV plant backed by the climate law sparks water war
(DBN)

China’s Climate Targets Could Make or Break the Paris Agreement
(DBN)

The flood insurance crisis facing Americans
(DBN)

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Healthcare:

Sonendo set to grab Biolase assets in bankruptcy deal
(DBN)

Map Reveals US States Where Healthcare Is Least Accessible
(DBN)

TV Medical Dramas Are Not Like Real Life. Maybe They Should Be.
(DBN)

IV fluid supply crunch forcing hospitals to postpone elective surgeries
(DBN)

Texas’ abortion laws are straining the OB-GYN workforce, new study shows
(DBN)

Senator urges DOJ to investigate youth treatment centers after probe uncovers 'rampant abuse'
(DBN)

Despite warnings, Texas rushed to remove millions from Medicaid. Eligible residents lost care.
(DBN)

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Education:

The Education Crisis Neither Candidate Will Address
(DBN)

Harvard and Yale among universities targeted in financial aid price-fixing lawsuit
(DBN)

Brown rejects calls to divest from companies in connection with pro-Palestinian protests on campus
(DBN)

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Solar:

My homeowner nightmare
(DBN)

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Pharma:

Gritstone files for bankruptcy in hope of keeping cancer vaccine R&D afloat
(DBN)

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Radio:

Audacy Asks Texas Court To Close Its Bankruptcy Case.
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

A bidding war is brewing for Alex Jones’ media empire • Alex Jones’ Legacy for Sale in Bids to Save or Bury Infowars
(DBN)

Louisiana diocese prepares to file for bankruptcy over clergy abuse claims
(DBN)

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Interest:

3rd Circ. Hertz Ruling Highlights Flawed Bankruptcy Theory
(DBN)

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Edtechs:

Byju's founder says missing millions went to legitimate purpose
(DBN)

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Aviation:

Investigations into Bonza Airlines: Money laundering and insolvency in the focus of the US authorities
(DBN)

Boeing and Workers Dig In for a Long Fight, Despite Strike’s Cost
(DBN)

5 Numbers That Explain Why Boeing Won’t Go Bankrupt
(DBN)

Boeing Didn’t Give Airline Safety Briefing Before 737 MAX Crash
(DBN)

Boeing Faces $100 Million More in Interest Costs If Rating Is Cut to Junk
(DBN)

Turkish Airlines pilot dies mid-flight, forcing emergency landing in New York
(DBN)

Recent Bride Lands Plane After Pilot Husband Has Deadly Heart Attack
(DBN)

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Autos:

Fisker Ocean Saga Continues: Vehicle Data “Impossible” To Port To Another Server
(DBN)

The bill finally comes due for Elon Musk • Elon Musk is promising to unveil the future of Tesla tonight • Tesla’s ‘Dream Premium’ Faces Moment of Truth at Robotaxi Reveal
(DBN)

BMW, Mercedes See China Sales Dive as Luxury Slowdown Worsens
(DBN)

Stellantis CEO Eyes Management Shakeup as Pressure Mounts
(DBN)

GM China’s EV, Hybrid Sales Top Gasoline Cars for First Time
(DBN)

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Tech:

A Godfather of AI Just Won a Nobel. He Has Been Warning the Machines Could Take Over the World.
(DBN)

Some of the Web’s Sketchiest Sites Share an Address in Iceland
(DBN)

Google Hits Back Over Proposal to Break It Up • Google Faces Painful Reckoning as Antitrust Crackdown Revs Up
(DBN)

Ghosted by Congressman, He Created an AI Chatbot of Him to Debate Instead
(DBN)

Propagandists around the world keep trying to use ChatGPT, according to OpenAI report
(DBN)

Amazon is becoming Big Tech's king of cash, and Wall Street wants a piece of it
(DBN)

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Sports:

MLB wants Answers as Diamond Bankruptcy Case Rounds Home • Diamond Sports Group disclosure statement approved, paving way for Chapter 11 bankruptcy exit • Broadcaster Diamond Advances NHL, NBA-Centered Restructuring
(DBN)

GdS: Milan consider January bid for Frendrup after Genoa owners go bankrupt
(DBN)

Directors of defunct Super Rugby team Rebels sue Rugby Australia
(DBN)

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Trucking:

Truck Parts Maker Accuride Files for Chapter 11 Bankruptcy • Accuride Files for Chapter 11 Bankruptcy Protection to Restructure North American Business
(DBN)

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Sovereigns:

Zimbabwe Hires Advisers Over $21 Billion Defaulted Debt Pile
(DBN)

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UK:

UK Financial Regulator Bucks WFH Trend With Extension to 2026
(DBN)

Creditors of liquidated law firm to receive payouts after guilty plea
(DBN)

Howard Kennedy recruits partner from Paul Hastings in London
(DBN)

65 More Rape Victims of Al Fayed Come Forward
(DBN)

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EU:

European Industrial Companies Are Most Distressed Since Pandemic
(DBN)

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MENA:

UAE Bankruptcy Law – Executive Regulations: Key Developments and Procedures
(DBN)

Violent ‘Megalomaniac’ Sinwar Takes Hamas on Even More Radical Path
(DBN)

Hezbollah Appears To Have Run Out of Leaders
(DBN)

Israeli soldier group warns Netanyahu ‘red line crossed’ and threatens to stop fighting
(DBN)

A Gaza Family Separated by a Few Miles, and the War
(DBN)

Biden speaks with Netanyahu as Israeli PM warns war with Iran proxies could spread Gaza's misery to Lebanon • US Sway Over Netanyahu Tested as Israel Vows ‘Deadly’ Iran Hit
• Biden and Netanyahu Speak for First Time Since August • A Cornered Iran May Need to Build a Nuclear Bomb • An attack on Iran would be ‘lethal’ and ‘surprising,’ Israel's defense minister warns
(DBN)

Gaza death toll passes 42,000, health ministry says • What Netanyahu's threat of Gaza-like destruction signals about Israel's goals in Lebanon • 3 Gaza hospitals reportedly forced to evacuate
(DBN)

Iran’s Terrible, Horrible, Very Bad Year
(DBN)

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Russia:

Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions • Russian Exporters Fear Liquidity Crunch as Payments Stall on Sanctions Risk
(DBN)

Putin’s weak response to Ukraine’s advance on Russian soil appears to be rooted in a persistent fatal flaw
(DBN)

Russia cut off its troops from Discord, the video gaming comms tool they use to coordinate attacks in Ukraine
(DBN)

Ukraine War Map Shows Russia Ramp Up Gains Across Donetsk Front Line
(DBN)

Russia gains ground in Ukraine, but at steep cost
(DBN)

Ukraine Goes After Russia's North Korean Arms Stockpiles
(DBN)

Russia has suffered more than 600K casualties in Ukraine, US official says
(DBN)

Zelenskiy Warns Ukraine Allies Against Showing Weakness to Putin
(DBN)

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Mexico:

After newly elected mayor is beheaded in Mexico, others ask federal authorities for protection
(DBN)

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Germany:

Germany Sees Economy Contracting for Second Consecutive Year
(DBN)

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China:

Shanghai Down 6.6% as China Stocks Plunge Continues
(DBN)

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Singapore:

Singapore International Commercial Court Approves First Cross-Border Pre-Packaged Scheme of Arrangement
(DBN)

OK Lim has accepted judgment debt of over US$3.5 billion, but creditors will likely claw back much less
(DBN)

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South Korea:

Court to deliberate on issuing arrest warrants for Qoo10 CEO over massive payment delays
(DBN)

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Bolivia:

How a Series of Blunders Ruined a Latin American Socialist Success Story
(DBN)

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India:

314 Housing Projects In Maharashtra Under Insolvency Proceedings: MahaRERA
(DBN)

Interest Cannot Be Raised Unilaterally In Insolvency Petition, Without Prior Intimation To Corporate Debtor: NCLT Bengaluru
(DBN)

HNG Insolvency: AGI Greenpac And INSCO’s Battle In The Longest Running IBC Case—Explained
(DBN)

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