October 17, 2024

The Daily Bankruptcy News

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Law:

Biglaw Partner Isn't The Constant Money Party You Think It Is
(DBN)

Top Biglaw Firm Names Its First Black Firmwide Managing Partner
(DBN)

Ex-Davis Polk & Wardwell Associate Kaloma Cardwell Drops Appeal
(DBN)

Overturning 45-year precedent, New Jersey gives disbarred lawyers second chance
(DBN)

When queried by judge, chatbot had less faith in its output than expert who used it
(DBN)

Judge orders suspension for ‘one of these lawyers’ who use ‘bombast’ and ‘practice close to or over the line’
(DBN)

Ex-Biglaw Partner Sentenced To Time Behind Bars After Pleading Guilty To Tax Crimes
(DBN)

The Only State In America Without A Physical Law School Will Be Getting One Soon
(DBN)

Jack Smith argues in new filing how Trump bears responsibility for Jan. 6 attack Jan. 6 judge says Trump 'could share responsibility' for 'criminal actions' of riot
(DBN)

'Defendant fails': Smith rips Trump's latest 'half-hearted' dismissal bid in Jan. 6 case
(DBN)

Former national lab welder who tussled with cops on Jan. 6 gets 18 months in prison
(DBN)

Trump tells skeptical Republican voter Jan 6th was a ‘day of love’
(DBN)

Filmmaker who examined Jan. 6 Capitol riot issues warning about 2024 election
(DBN)

Judge in Trump's Jan. 6 case rejects 'strained' argument about his false 2020 election claims
(DBN)

NC Lt. Gov. Sues CNN For $50M: I'm Not A Perv, I'm The Hapless Pizza Guy!
(DBN)

Video of violent arrest of deaf Black man with cerebral palsy sparks outrage
(DBN)

Menendez brothers’ family to push for their release as prosecutors review 1989 case LA DA shares bombshell note written by Erik Menendez that may support claims dad sexually abused brothers Los Angeles County DA to decide on Menendez brothers' resentencing within 10 days Menendez brothers' family pushes for their release: 'Today we know better'
(DBN)

New Migrant Caravan Approaching US-Mexico Border
(DBN)

Ex-husband of ‘Real Housewives’ star gets seven years for hiring mobster to assault her boyfriend
(DBN)

Sean 'Diddy' Combs calls for his accusers' identities to be disclosed The list of famous people who appear in the sexual assault lawsuits against Sean 'Diddy' Combs
(DBN)

Maryland rabbi attacked with wooden stake as police investigate it as a hate crime
(DBN)

Abortion rights group sues after Florida orders TV stations to stop airing ad
(DBN)

Robert Telles sentenced to at least 28 years in murder of Las Vegas journalist
(DBN)

Clemency bid rejected for Texas man set to be first U.S. execution for 'shaken baby' death
(DBN)

After toddler’s death, man sentenced to 45 years for trafficking fentanyl from Bronx day care
(DBN)

Teen girls allegedly beat random man to death because they 'were bored'
(DBN)

School shooting suspect hid long gun in poster board on the school bus, agent says
(DBN)

Father of Georgia school shooter knew of son’s deteriorating state, investigators say
(DBN)

'Someone knows the drunk dude': Thieves steal 100 right-footed shoes from store, cops say
(DBN)

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Judges:

Bankruptcy Judgeship, Northern District of Georgia
(DBN)

Bankruptcy Judge Vacancy Announcements
(DBN)

Notice of Vacancy, Case Administrator I, The United States Bankruptcy Court for the District of Maryland
(DBN)

Brett Kavanaugh's Words Used to Thwart Last-Minute Georgia Voting Changes
(DBN)

Judges Find Supreme Court’s Bruen Test Unworkable
(DBN)

The strange case that the Supreme Court keeps refusing to decide
(DBN)

Judge in Michael Jordan's father's murder trial asks for convicted killer's release
(DBN)

Supreme Court Candidate Calls Out Opponent's Busted Textualism
(DBN)

At Some Point, Even Judges *Need* To Retire
(DBN)

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Wall Street:

Stock futures are little changed after Dow closes at another record high
(DBN)

The stock market is in a 'mania' that will push it higher before a potential 26% drop in 2025, Stifel says
(DBN)

S&P 500 could face sharp decline in 2025: chief equity strategist
(DBN)

Goldman profits soar 45% year over year
(DBN)

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Layoffs:

Deere Announces More Layoffs in Iowa, Illinois During Farm Slump
(DBN)

Portland State, Western Washington University Face Large-Scale Layoffs
(DBN)

Avante Health and Medtronic eye nearly 400 job cuts, furloughs in Orange County
(DBN)

Airbus Defence and Space to cut 2,500 jobs
(DBN)

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Politics:

Marist: Harris +5 Points Against Trump Nationally Kamala Harris' Chances of Winning Election Rise After Fox News Interview The Hill: Kamala Harris has a 50% chance of winning the Presidency. Donald Trump Overtakes Kamala Harris in 4-Point Swing: Fox News Poll Betting markets put chance of Trump win at 3-month high, but analysts express some skepticism Young Americans swipe left on Trump voters Tim Walz Was Expected to Shore Up Minnesota. Trump is Gaining on Harris Druckenmiller Says Market Is ‘Very Convinced’ Trump Will Win
(DBN)

Harris branches out while Trump preaches to the choir in divergent media strategies In the final stretch, Trump and Harris go to Pennsylvania more than any other battleground
(DBN)

Trump name checks "Pelosis" as he doubles down on "enemy from within" rhetoric After Mocking Harris, MAGA Goes Quiet About Teleprompter at Trump Town Hall Trump Called Google CEO Because He Couldn't Find Good Stories About Himself Donald Trump Once Proposed the Biggest Tax Hike Ever Drudge Calls Out Elon Musk With Trump’s ‘Soak the Rich’ Headline from Yesteryear Trump's rhetorical rampage casts shadow over campaign's final weeks Trump downplays Jan. 6: "You had a peaceful transfer of power" Why are people leaving Trump rallies early? We asked them Is Trump Really Losing It? Canceled Interviews, Rambling Answers, and Increasingly Erratic Behavior Spark Speculation Daily Beast Editor Accuses Trump of ‘Microdosing’ Drugs Like ‘His Friend’ Elon Musk: ‘It’s Astonishing Behavior’ Under Trump, U.S. Prisons Offered Gender-Affirming Care JD Vance Aide’s Erratic Posts Detail ‘Gas Station Heroin,’ Call VP Pick A ‘Boot Licker’ Trump says Black and Latino Harris supporters need their 'head examined,' echoing frequent barb We Created a Monster: Trump Was a TV Fantasy Invented for 'The Apprentice' Reporter reacts to Trump calling senator ‘fantastically attractive’ Harris slams Trump for claiming to be 'the father of IVF' Sheriff 'fabricated allegations' against accused 3rd Trump assassin: Lawsuit
(DBN)

Harris steps out of friendly media confines to do interview with Fox News' Bret Baier Will Kamala Harris' Fox News Gamble Pay Off? In The Belly Of The Beast: Kamala Harris Fights To Get A Word In During Inimical Inaugural Fox News Interview Harris clashes with Fox anchor as she tries to win over voters Bret Baier Says Kamala Harris Caught Him Off Guard With Fox News Interview ‘That’s Not What You Just Showed!’ Kamala Harris Objects to Bret Baier Not Airing Trump Threatening Political Foes with Violence Fact-checking Kamala Harris’ interview with Fox News Harris paints Trump as threat, draws contrast with Biden in testy Fox News interview Harris spars with Fox News host and says she wouldn't be a 'continuation' of Biden Crowd of Republicans Join Harris at Pennsylvania Stop The Man Who's Sure She'll Win GOP Official for Kamala Predicts ‘Silent Majority’ Will Win Most of Red America’s ‘blue dots’ can’t help Harris win. But this one might Harris tweaks strategy to call out Trump as a threat "Simply not true": Harris denies record as prosecutor targeted Black men The White Women Who Regret Voting for Trump With time running out, Harris keeps focus on ‘blue wall’ states
(DBN)

Hill Democrats' surprise 2024 allies: Anti-Trump Republicans
(DBN)

The nightmare facing Democrats, even if Harris wins
(DBN)

‘Didn’t sign up for weekly churchgoer’: JD Vance ‘feels terrible’ for taking his wife Usha Vance to church Vance says Trump didn't lose the 2020 election: 'Not by the words I would use'
(DBN)

At least 30 election deniers and 2020 fake electors serving as Trump electors this year
(DBN)

Dem House candidates smoke GOP rivals in 11th hour fundraising
(DBN)

Meet the billionaires funneling money into the 2024 race Musk gives $75 million to his pro-Trump super PAC
(DBN)

Democrats flooded with cash in fight for Congress as the GOP tries to stretch its money
(DBN)

Control of the Senate rests on Tester’s appeal in a changing Montana
(DBN)

The Revenge of Arizona’s McCain Republicans
(DBN)

People with felony records can now vote in Nebraska — and it could tip the balance in November
(DBN)

What weeks of early-voting data tell us about how Democrats and Republicans are turning out in 2024
(DBN)

Federal judge blocks Alabama's voter purge program ahead of election Judge invalidates key parts of Georgia election rules crafted by Trump allies Georgia judge strikes down 7 new elections rules Republicans challenge more than 63,000 voters in Georgia, but few removed, AP finds
(DBN)

Unions face a moment of truth in Michigan in this year’s presidential race The Democrats’ pro-union strategy has been a bust
(DBN)

Jimmy Carter votes for Kamala Harris weeks after turning 100
(DBN)

Haitian Americans fight back against Trump's false claims At Univision town hall, Trump refuses to back off false claims about Haitian migrants eating pets in Ohio "Eating other things": Trump adds to false claims about Haitian immigrants After Donald Trump blamed Haitian migrants for 'massive crime' in this tiny town, local tensions blew up
(DBN)

This is how a Russian disinformation campaign starts.
(DBN)

An AI-powered bot army on X spread pro-Trump and pro-GOP propaganda, research shows
(DBN)

Project 2025 ex-director denounces Heritage president’s ‘violent rhetoric’
(DBN)

Election Stress Disorder: Home-wrecking race pushing mental health, relationships to edge
(DBN)

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Defaults:

Default, Transition, and Recovery: The Pace Of Global Corporate Defaults Slows
(DBN)

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Economy:

Global debt could soon equal the world economy, IMF report finds
(DBN)

Consumer Fears of Credit Card Delinquency Rise
(DBN)

Real GDP Annual and Quarterly
(DBN)

Fed Stuck on Six-Week Data Cycle When Investors Want a Forecast
(DBN)

U.S. titans tighten supply chain grip
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

Critiquing Trump’s economics — from the right
(DBN)

Yellen Warns on Using Tariffs to Wall Off US From World Economy
(DBN)

What’s behind the widening gender wage gap in the US?
(DBN)

Private equity's Ozempic diet
(DBN)

California's economic growth is slipping behind Texas as the Lone Star state draws corporate HQs and people
(DBN)

Why some economists are skeptical of this year’s Nobelists
(DBN)

The SBA can't help business owners hit by Helene, Milton until Congress comes back post-election
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Low home turnover rate, charted
(DBN)

Party’s over: Industrial vacancy hits 10-year high
(DBN)

‘$100M' ADU builder files for bankruptcy; Customers see millions missing
(DBN)

Trends The Weird Reason Rents Are Rising in the Midwest—but Falling Down South By Julie Taylor
(DBN)

New Orleans low-income landlord Joshua Bruno freed from jail
(DBN)

Grand Rapids: Bridgewater Place owner files for bankruptcy
(DBN)

Success Village receiver seeks information on $1.3 million worth of bank deposits
(DBN)

Windsor's Future Legends Sports Complex developers file for bankruptcy
(DBN)

Florida Insurers Might Leave Thousands of Hurricane Milton Claims Unpaid
(DBN)

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Municipalities:

The Death of Main Streets Across America—and the People Trying to Save Them
(DBN)

Chicago Should Consider Furloughs, Higher Booze Tax, Watchdog Says
(DBN)

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Oil/Gas:

Get ready for the "age of electricity"
(DBN)

This Is About As Bearish As Oil Has Been Since the 2008 Financial Crisis
(DBN)

EIA Lowers USA Crude Oil Production Forecast for 2024 and 2025
(DBN)

Phillips 66 Told to Pay $604.9 Million in Trade Secrets Case
(DBN)

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Military:

Nuclear-War Risks Rise Again, Stoked by Global Conflicts
(DBN)

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Retailing:

Bed Bath & Beyond is returning to brick and mortar stores — at a rival
(DBN)

Shoplifters Gone Wild
(DBN)

Kroger’s Plan to Use Facial Recognition Raises Concerns About Surge Pricing
(DBN)

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Theme Parks:

Disney rolls out line-skipping park passes costing up to $449
(DBN)

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Education:

Firm Defends Dropping Columbia Professor Over Israel-Gaza Speech
(DBN)

Asheville, North Carolina, schools plan to reopen a month after Helene hit, but challenges remain
(DBN)

Appeals court revives lawsuit against school that allegedly allowed bullying, harassment
(DBN)

Parents sue son's high school history teacher over AI 'cheating' punishment
(DBN)

____________

Utilities:

Hawaiian Electric to shut off power in West Maui due to immediate threat of wildfires
(DBN)

Long-Unloved Nuclear Power Is Staging a Comeback
(DBN)

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Crypto:

Nishad Singh’s Lawyers Ask Judge to Spare Him Prison, Say He Is an 'Uncommonly Selfless Individual'
(DBN)

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Autos:

Fisker owners get help with recall repairs as court approves liquidation plan
(DBN)

Accuride bankruptcy puts Gunite, Rockford’s oldest manufacturer, on the market
(DBN)

Lucid slumps on plan to sell 262.4 million shares
(DBN)

China's EV giants shine at Europe's largest auto show while local rivals despair
(DBN)

Auto giants launch a flurry of cheaper electric vehicles — taking the fight to China
(DBN)

BYD Is Winning the Global Race to Make Cheaper EVs
(DBN)

Apple Secretly Worked With China’s BYD on Long-Range EV Battery
(DBN)

____________

Tax:

Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
(DBN)

____________

Transit:

I tested Uber's new $18 airport shuttle service in New York City, and it's a game changer
(DBN)

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Personal Finance:

A woman moved from Wyoming to Texas after dreaming of city life. She can't wait to go back.
(DBN)

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Hotels:

Debt paid on historic hotel owned by family of West Virginia governor, a US Senate candidate
(DBN)

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Food/Beverage:

Meat recall expands to nearly 12 million pounds
(DBN)

Police in France and Italy bust gang that sold bottles of fake vintage wine for $16,000 apiece
(DBN)

Italy’s Winemakers Face Yet Another Threat to Their Future
(DBN)

McDonald’s French fry supplier closes factory, blaming $5 meal deals
(DBN)

An Applebee’s franchisee has declared bankruptcy
(DBN)

____________

Climate:

Mountain town confronts an unexpected public health catastrophe
(DBN)

Supreme Court Allows EPA Power Plant Pollution Curbs for Now
(DBN)

Green Power Worth $5 Trillion Set for Emerging Markets, S&P Says
(DBN)

Florida continues building in high-risk areas
(DBN)

South Florida Braces for 'Record-Breaking' Flooding as King Tides Hit
(DBN)

____________

Banking:

McKinsey Warns Banks of ‘Fleeting’ Profit Rebound as Declining Rates Set to Bite
(DBN)

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Agribusiness:

Extreme Weather Could Push Corn Harvest to Worst Slump in Decades
(DBN)

Most of Florida's orange crop washed away by Hurricane Milton, squeezing industry at height of harvest
(DBN)

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Water:

Water Crisis Endangers 8% of GDP in High-Income Countries, Report Warns
(DBN)

Global water crisis leaves half of world food production at risk in next 25 years
(DBN)

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Batteries:

Goldman Sachs Unit in Talks to Join Northvolt Rescue Effort
(DBN)

Northvolt Jobs Losses Begin to Crystallize With 400 Staff Let Go
(DBN)

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Hedge Funds:

Chris Christie Joins Brian Kahn Defense in Probe of Failed Fund
(DBN)

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Sports:

Diamond Seeks Approval to Rebrand From Bally Sports to FanDuel
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (41 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Las Vegas, Reno and Annual Updated Bankruptcy Case Filing Statistics
(DBN)

Updated Census Bureau Median Family Income Data
(DBN)

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Avoidance Actions:

Lenders Beware: The Ponzi Scheme Presumption Can Trap an Unwitting Lender
(DBN)

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Mass Torts:

Archdiocese of L.A. reaches $880M child sex abuse settlement over hundreds of claims America's largest archdiocese agrees to pay $880 million to 1,353 survivors of child sexual abuse
(DBN)

McKinsey to Pay at Least $500 Million in DOJ Opioid Probe
(DBN)

J&J Talc Settlement Holdouts Accuse Company of Buying Votes
(DBN)

Alex Jones Bankruptcy Trustee Aims to Sell Social Media Accounts
(DBN)

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Bankruptcy Crimes:

Fishers Woman Facing Federal Charges for Fraud and Forging Signature of a Federal Bankruptcy Judge
(DBN)

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Lien Stripping:

Lien Stripping Under Section 522(f): Senior Headaches Caused By Junior Liens?
(DBN)

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Aviation:

Spirit Airlines retires A319 fleet as it seeks to cut losses as bankruptcy looms
(DBN)

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback United Jumps on Optimism Airline Profits Are Set to Improve
(DBN)

Boeing Eyeing $15 Billion in Stock, Bond Sale Boeing delays are wreaking havoc with the airline industry's plans, and flyers may well feel the pain
(DBN)

____________

Healthcare:

State Says Exiting Steward Health Lacks Required Insurance for Employees, Physicians
(DBN)

Law firm for bankrupt Steward Health Care seeking $36 million
(DBN)

Bankruptcy judge gives final approval to sale of Steward's Trumbull County hospitals
(DBN)

Labor grumbles as Minneapolis hospital chain navigates downgrades
(DBN)

Lab-Grown Blood Vessels Could Soon Become Reality
(DBN)

____________

Art:

Uncovering the mysterious side of art pricing. ‘Everyone’s trying to make money’
(DBN)

____________

Student Debt:

Biden administration forgives $4.5 billion in student debt for over 60,000 public service workers
(DBN)

Biden Has Now Canceled Student Debt for Over 1 Million Borrowers
(DBN)

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Awards:

Shortlists for 2024 Financial Times Innovative Lawyers Awards North America Awards
(DBN)

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Fintechs:

FDIC Proposes Rulemaking on Custodial Deposit Accounts in Wake of Synapse Bankruptcy
(DBN)

____________

Tech:

Why Amazon is betting big on nuclear reactors Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions Google Says Nuclear Is Key to Around-the-Clock Clean Power Ken Griffin, Amazon Invest in Next-Generation Nuclear Energy
(DBN)

FTC finalizes rule that makes canceling subscriptions easier
(DBN)

International ‘race science’ network secretly funded by US tech boss
(DBN)

US agency adopts rule to make it easier for consumers to cancel unwanted subscriptions
(DBN)

Meta staff sacked for using $25 meal vouchers to buy wine glasses
(DBN)

____________

Labor:

Documents show lavish spending on pay, benefits for officials at dockworkers union
(DBN)

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Social Media:

Trump Social Media Investor Gets Prison for Insider Trading
(DBN)

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Religion:

Second arrest of fired megachurch pastor involved intimate photos of friend’s wife
(DBN)

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Auto Racing:

The day F1 melted: Why the ill-fated Dallas Grand Prix left a searing impression
(DBN)

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Sovereigns:

IMF Assessing Impact on Senegal After Audit Finds Sall’s Regime Failed to Report Debt
(DBN)

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UK:

Reeves Urged to Raise £15 Billion From Rich Despite Warnings
(DBN)

Luxury London Homes for Sale at Discounts Rise 39% in a Year
(DBN)

____________

Russia:

North Korean Troops Deserting Ukraine Frontline Days After Arrival: Report
(DBN)

US Faces Israel-Ukraine Dilemma
(DBN)

NATO Ally Spending Five Times More on Russian Energy Than Ukraine Aid
(DBN)

Zelenskyy’s ‘victory plan’ includes a big hurdle for the West: An invitation to Ukraine to join NATO
(DBN)

Biden Announces $425 Million in Military Aid for Ukraine
(DBN)

____________

MENA:

1 in 5 companies in Türkiye at risk of bankruptcy
(DBN)

Lebanese Officials Say Israeli Airstrike Killed Mayor During Relief Meeting Israeli strikes kill 21 in Lebanon, including in a town with a dark history of civilian deaths
(DBN)

Israel Steps Up Strikes in Lebanon as the Conflict Escalates
(DBN)

Israel vows to improve Gaza conditions after U.S. threat to withhold weapons
(DBN)

Stray dogs are eating the dead in the streets of northern Gaza, emergency services chief says
(DBN)

UN humanitarian chief says essential supplies are ‘running out’ in Gaza
(DBN)

Blinken weighs presenting Gaza post-war plan after November election
(DBN)

Jewish Voters Say Harris Will Handle Gaza War Better Than Trump
(DBN)

How Israel’s bulky pager fooled Hezbollah
(DBN)

U.S. strikes Houthi weapons storage facilities in Yemen
(DBN)

US officials expect Israel’s counterattack on Iran will come before US Election Day
(DBN)

____________

Mexico:

In the heartland of Mexico’s Sinaloa cartel, the old ways have changed and violence rages
(DBN)

____________

Italy:

Italy makes it illegal to seek surrogacy abroad
(DBN)

____________

China:

China pledges more financial support for ‘whitelist’ real estate projects
(DBN)

China’s $562 Billion Loan Push for Unfinished Homes Disappoints
(DBN)

How China’s Planning Its Biggest Push in Years to Cut Hidden Debt
(DBN)

China’s Guangdong to Kick Off Bond Sale, Likely to Repay Firms
(DBN)

China’s Economy Likely Grew at Weakest Pace in Six Quarters
(DBN)

Chinese Stocks Slide Into Correction as Stimulus Hopes Wane
(DBN)

____________

Argentina:

How a broke Argentine province is countering Milei's deep austerity cuts
(DBN)

____________

Peru:

Peru’s ‘Broke’ State Oil Company Can’t Find a New Board
(DBN)

____________

Germany:

New charges brought against imprisoned celebrity German chef
(DBN)

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