October 29, 2024

The Daily Bankruptcy News

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Law:

Biglaw Partners Are Making Bank, 'Very Satisfied' With Their Pay
(DBN)

Biglaw Firm Revamps Its Lockstep Partner Comp System To Offer Huge Paydays To Top Talent
(DBN)

Former Biglaw Attorney Tells Trump To Eliminate FBI Background Checks For Security Clearance
(DBN)

Harvard Doubles Down On 'Protest' Retaliation & Punishes Teachers For Studying In Library
(DBN)

Where legal AI will be in 10 years
(DBN)

Murdaugh Home Buyer Claims He's Innocent
(DBN)

Freshfields Leader Plots New Cities as US Powers Firm’s Growth International Biglaw Firm's Expansion Plan Comes To U.S. Cities
(DBN)

Only 36% of young legal professionals say work has positive impact on mental health, new survey finds
(DBN)

How the Supreme Court might act in the 2024 election — here are the cases that could land before the court Trump v. Harris? Replay of 2000 Election Clash Is a Supreme Court Long Shot
(DBN)

IRS whistleblowers appeal after judge won't let them to intervene in Hunter Biden lawsuit
(DBN)

Trump lawyers blame Hurricane Milton 'hardships' while seeking delay of Jan. 6 deadlines
(DBN)

What happens to Trump's criminal cases if he wins the election? Experts weigh in.
(DBN)

Giuliani already lost his NYC penthouse — now he could lose his $3.5M Florida condo too What Giuliani Is Losing: The Co-op. The Yankees Swag. The Convertible.
(DBN)

Suspect accused of posting Trump, JD Vance 'should be murdered' isn't getting a deal now
(DBN)

4th Circuit strikes down effort to purge suspected noncitizen voters Virginia voter purge program lands before SCOTUS on eve of presidential election
(DBN)

Republicans turn to Supreme Court in dispute over Pennsylvania provisional ballots
(DBN)

2nd Circuit sticks to its guns on constitutionality of concealed-carry law after SCOTUS remand
(DBN)

‘Bob’s Burgers’ actor sentenced to 1 year in prison for Jan. 6 role
(DBN)

Sean Combs accused of sexually assaulting 10-year-old How much money has billionaire Sean Diddy Combs lost? Is he on the verge of bankruptcy? Here's all you need to know
(DBN)

Ex-Trump ICE chief: ‘Families can be deported together’
(DBN)

Whether Harris or Trump Wins, Seeking Asylum in the U.S. May Never Be the Same
(DBN)

Sanctuary city sending thousands of migrants back to Texas by plane, bus
(DBN)

Would Trump’s mass deportation plan actually work?
(DBN)

Inmate Steve Bannon reportedly hangs with the white guys and teaches civics Steve Bannon About to be Released from Prison
(DBN)

Police arrest man charged with threatening and shooting neighbor in the neck after standoff
(DBN)

Authorities launch ‘interagency operation’ at federal jail in New York housing Sean ‘Diddy’ Combs
(DBN)

Chicago Jewish man on way to synagogue shot by attacker shouting 'Allahu Akhbar'
(DBN)

Uber Eats driver caught stealing food spits in customer's face, steals decorations: Cops
(DBN)

Teen murdered his own family of 6 for refusing to let him sleep over at girlfriend's
(DBN)

Former Ohio officer who fatally shot Andre Hill testifies he mistook keys for a gun: "I was horrified"
(DBN)

Murder suspect calls 911 pretending to be hiker who fell off cliff running from bear: Cops
(DBN)

Mystery Death Of Arizona Wells Fargo Worker Whose Body Was Found At Desk After 4 Days Finally Solved
(DBN)

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Judges:

Who Knew What When? The Latest In The Judge/Partner Romantic Scandal Rocking The Legal World
(DBN)

Trump Judges Pen 'Election Day' Fan Fiction That Tosses Bunches Of Ballots
(DBN)

Tracking The Moves Of The Supreme Court
(DBN)

Inside a Texas Court's Flashy, Football-Themed Conference
(DBN)

Partisanship Roils State Supreme Courts. Not in New Jersey
(DBN)

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Wall Street:

 

Wall Street closes higher ahead of megacap earnings, election
(DBN)

The Trump Trade: Why Wall Street Is Betting on a Trump Win
(DBN)

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Layoffs:

Volkswagen to close three German factories and lay off thousands of workers, employees say
(DBN)

Spirit Airlines announces job cuts and fleet sale amid financial struggles
(DBN)

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Healthcare:

UMass Memorial CEO's grim prognosis for more Massachusetts hospitals
(DBN)

Gallus Detox Center's Bankruptcy Reorganization Plan Receives Court Approval
(DBN)

Exactech Reaches Agreement with Investor Group, Files Ch. 11
(DBN)

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Agribusiness:

Chickens In Sioux County, Several Others Raised For Bankrupt Company Euthanized Closure of Charles City processing plant leads to euthanizing more than one million chickens Iowa acts as bankruptcy leaves 1.3 million chickens without care
(DBN)

GOP lawmakers demand USDA responses to Pure Prairie Poultry situation
(DBN)

California Becomes Hot Spot for Bird Flu Cases in Cows, Sparking Fears
(DBN)

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Student Debt:

More student-loan borrowers are taking advantage of an updated route to get rid of their debt in bankruptcy court, top Democratic senators say
(DBN)

Harris stays quiet on student loans as cancellation loses its political luster
(DBN)

Biden unveils new student debt plan for people with financial hardships
(DBN)

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Media:

Marty Baron slams Bezos’ endorsement decision as ‘a betrayal of core principles’ 200,000 Cancel the Washington Post Washington Post Staffers Resign in Blunt Letters Washington Post Editorial Board Rocked by Exodus After Endorsement Decision Nearly a third of Washington Post's editorial board stepping down Jeff Bezos Reveals Why Washington Post Didn't Endorse A 2024 Candidate Jeff Bezos speaks on WaPo drama: We have to 'increase our credibility'
(DBN)

Chaos erupts as newspapers axe endorsements
(DBN)

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Climate:

Scientists Warn Of Possible Collapse Of Atlantic Currents
(DBN)

UN Climate Chief Warns of Looming ‘Trainwreck’ as 1.5C in Doubt
(DBN)

Still no snow on Japan's Mount Fuji, breaking record
(DBN)

Major LNG Producer Challenged on Clean Claims in Landmark Case
(DBN)

Instigators Tied to Russia, China Spread Storm Disinformation
(DBN)

$816M ExxonMobil verdict is latest as juries seek environmental justice
(DBN)

Helene the most destructive hurricane in North Carolina history; estimated $53 billion in damage
(DBN)

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Tech:

Apple can’t sell the new iPhone in the world’s 4th most populous country
(DBN)

CenterPoint Reports 700% Spike in Texas AI-Data Center Requests
(DBN)

JPMorgan Says AI Power Demand Is Straining US Water Supplies
(DBN)

Google reportedly paid $2.7 billion for a deal with Character.AI. Now, it's entangled in a lawsuit over a teen's suicide.
(DBN)

AI tutors are already changing higher ed
(DBN)

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Food/Beverage:

TGI Fridays fell behind on bills as troubles unfolded, data shows TGI Fridays suddenly closes more restaurants. Here are some of the locations TGI Fridays bankruptcy rumors persist as chain closes 50 stores TGI Fridays Nears Bankruptcy With More Restaurant Closures
(DBN)

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Banking:

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’
(DBN)

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Economy:

Fed goes quiet ahead of its Nov. 7 meeting, with quarter-point cut seen as likely
(DBN)

Cut or pause? 2 critical reports will determine what Fed does in November.
(DBN)

Employment Report Forecasts
(DBN)

Wages Have Outpaced Inflation. But Not for Everyone.
(DBN)

T Rowe Price Investment Chief Sounds Bullish Note on US Economy
(DBN)

Price tags for Trump, Harris agendas climb in new analysis
(DBN)

Trump, Harris tax-break costs soar to more than $12 trillion
(DBN)

Trump’s Vast Tariffs Would Rock Global Businesses and Shake Alliances
(DBN)

Harris hones in on manufacturing plan in Michigan as Trump leads on economy
(DBN)

For Many Voters, the Economy Feels Personal, and They Blame the Democrats
(DBN)

Scotiabank Economist Says Trump Would Bring ‘Ruinous’ Policy
(DBN)

What's expected to get more and less expensive under Trump or Harris
(DBN)

Corporate America Hedges on Trump 2.0
(DBN)

Men Think It's Harder for Them at Work Than 20 Years Ago
(DBN)

CEOs Are Saying This Is as Bad as It Gets for Their Earnings
(DBN)

Rebuilding From Hurricanes Hinges on Immigrants at Center of US Election
(DBN)

Starbucks threatens to fire staff who don’t come back to office
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing Oct 28th Weekly Update: Inventory Down 0.2% Week-over-week, Up 31.2% Year-over-year
(DBN)

Commercial real estate industry worries over higher taxes as election looms
(DBN)

Why a Key Biden Effort to Boost Affordable Housing Has Faced Hurdles
(DBN)

U.S. housing market is on the 'verge of a vicious cycle,' which is 'not good for America,' Lennar Mortgage head warns
(DBN)

Embattled ex-Johnston developer Daniel Pettit accused of lying in bankruptcy proceedings
(DBN)

Another bad quarter for NYCB shows CRE problems are not yet behind banks
(DBN)

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Oil/Gas:

U.S. oil posts worst day in two years after Israel spares Iran crude facilities Oil Steadies After 6% Plunge With Focus on Mideast Risk, US Data Oil’s Big Options Bets Turn Worthless as Iran Risk Fades
(DBN)

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Autos:

For the First Time in 87-Year History, Volkswagen May Close Factories
(DBN)

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Pensions:

Judge Admits Error in Ruling on $6.5 Billion Yellow Pension Spat
(DBN)

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Politics:

Poll finds Harris expanding her lead with young Black men Harris Aides Quietly Grow More Bullish on Defeating Trump Donald Trump's Chances of Beating Kamala Harris in Each Swing State: Polls Trump, Harris nearly tied in battleground Wisconsin 8 days from Election Day, poll finds Donald Trump Edges Past Harris in Major Poll for First Time Since August How Donald Trump and Kamala Harris Polls Look One Week Before Election MAGA world's hyper-confidence
(DBN)

Majority supports Florida abortion amendment, but not enough to pass: Poll
(DBN)

6 months later, many voters unsure what to make of Biden’s billions
(DBN)

Bloomberg, After Months of Pressure, Donates $50 Million to Help Harris Kamala Harris says she'd take a cognitive test; challenges Trump "to take the same one" Kamala closing argument: Unity
(DBN)

Some of Trump's 2020 'fake' electors are back. They say they're prepared to do it again Johnson deflects questions about "little secret" with Trump Trump's 'Secret' With Mike Johnson Is Backup Plan if He Loses: Congressman Trump identifies a scapegoat in case he loses Trump Targets Free Press In Final Days Donald Trump’s Racist NYC Rally Was Vile. It Was Also Political Suicide Trump's New York Rally Was Moment That Ended His Campaign: Geraldo Rivera Trump's vulgar rally becomes a drag on his campaign Fallout spreads from racist rhetoric at Trump's MSG rally Trump’s Puerto Rico fallout is ‘spreading like wildfire’ in Pennsylvania MAGA’s closing argument: Racist attacks on a critical bloc of swing-state voters Jewish Trump Surrogate Says He Boycotted MSG Rally Over ‘Dangerous Antisemite’ Tucker Carlson Confederate anthem ‘Dixie’ played at Trump’s Madison Square Garden rally Trump's MSG event draws comparisons to 1939 Nazi rally Tony Hinchcliffe defends his Puerto Rico jokes from Trump rally JD Vance on racist Puerto Rico joke: "We have to stop getting so offended" Puerto Rico GOP Chair Threatens To Withhold Trump Support Trump campaign distances itself from speaker’s Puerto Rico comments at rally Puerto Rico's Archbishop Asks Donald Trump to Apologize Amid Rally Backlash Nearly a million Puerto Ricans live in swing states US politicians, celebrities blast Trump-allied comedian for calling Puerto Rico 'garbage' A Trump rally speaker insulted Puerto Rico. Now its most powerful stars are backing Harris. Mika Brzezinski Tears Up On The View While Giving ‘Dire Warnings’ About a Second Trump Term Outrage grows over Puerto Rico ‘island of garbage’ racist jibes during Trump MSG rally ‘Disgusted:’ Offensive remarks about Puerto Rico at Trump rally ignite furor in Florida GOP AOC responds to Puerto Rico joke made at Trump rally Trump Campaign Worker Blows Whistle on ‘Grift’ and Bugging Plot Trump says he is the ‘opposite of a Nazi’ after claims of fascism Trump refers to CNN's Anderson Cooper by a woman's first name ‘Everything Is Subservient to the Big Guy’: Fiona Hill on Trump and America’s Emerging Oligarchy How America Forgot About One of Trump’s Most Brutal Policies Trump Media extends rally to 280% as MSG event spurs meme-stock activity Trump Team's Alleged Plan to Outsource FBI Vetting Sparks Concern Trump is selling $100K ‘Swiss-made’ watches. A search for who makes them took a bizarre turn Trump's Atlanta rally half-filled just 30 minutes in with huge sections completely empty Donald Trump Corrected by Rally Crowd During Atlanta Speech
(DBN)

“Put Them in Trauma”: Inside a Key MAGA Leader’s Plans for a New Trump Agenda
(DBN)

Proud Boys founder Gavin McInnes: ‘We want to make America hate again’
(DBN)

JD Vance Hails 'Patriot' MAGA Voter Who Reportedly Screamed 'D--khead' At Poll Worker, Ripped Off Her Shirt
(DBN)

Michelle Obama made the case for abortion rights in a way Joe Biden never could
(DBN)

Philadelphia DA sues Elon Musk and his super PAC over $1M sweepstakes What Elon Musk's conversations with Putin could mean for the U.S. government Elon Musk says the real threat to democracy is the people who accuse Trump of endangering it
(DBN)

Ballot drop box fires under investigation in Oregon, Washington Hundreds of ballots are destroyed after fires are set in ballot drop boxes in Oregon and Washington What Burned Ballots in Oregon, Washington Mean for Toss-Up House Races
(DBN)

How a night of fighting words upended the election
(DBN)

Virginia asks US Supreme Court to permit voter roll purge aimed at suspected noncitizens Virginia asks US Supreme Court to reinstate removals of 1,600 voter registrations
(DBN)

Extremists inspired by conspiracy theories pose major threat to 2024 elections, U.S. intelligence warns
(DBN)

Trump is increasingly sowing doubts about the eventual election results At Madison Square Garden, MAGA Prepares to Reject Another Election
(DBN)

How America’s Fourth-Largest County Is Preparing for Election Interference
(DBN)

Raphael Warnock worries about a challenge to the legitimacy of the election outcome
(DBN)

What if Texas goes blue? Democrats hope for Texas upset in Allred-Cruz race
(DBN)

Senate GOP doubles down on anti-trans attack ads
(DBN)

How politics is stressing us out more than ever
(DBN)

The God gap: How church attendance by race splits voters
(DBN)

Hurricane Helene's devastation hasn't stopped western North Carolinians from voting early
(DBN)

‘Did Your Guest Just Say I Should Be Killed On Live TV?!’ Mehdi Hasan Can’t Believe What CNN Panelist Just Said to Him
(DBN)

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Batteries:

Northvolt’s Rescue Funding Round On Track to Close Next Week
(DBN)

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Retailing:

Esprit's US subsidiaries file for bankruptcy
(DBN)

5 retail horror stories of 2024
(DBN)

Most consumers plan to shop online this holiday season
(DBN)

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Trucking:

Freight recession likely to continue into early 2025
(DBN)

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Tires:

ATD Bankruptcy Raises Key Questions
(DBN)

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Crypto:

FTX’s $228M Win Boosts Customer Payout Schedule
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Receiverships:

U.S. Bankruptcy Court Holds that State-Court Receivership Order Does Not Bar Managing Member from Seeking LLC Bankruptcy Relief
(DBN)

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D&O:

Insured vs. Insured Exclusion Does Not Bar Coverage for Debtor-in-Possession’s Suit Against Former CEO
(DBN)

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Mass Torts:

Alex Jones Fights To Stop His Social Media Accounts From Being Auctioned Off Alex Jones Trustee Bid to Sell His Social Media Paused by Judge
(DBN)

J&J’s $8.2 Billion Talc Settlement Faces January Court Test 'Something Really Bad Happened': J&J's Talc Bankruptcy Vote Under Attack DOJ throws wrench into J&J bankruptcy plan to settle talc suits
(DBN)

From Opioids to Opt-Outs: Nonconsensual Third-Party Releases and the Aftermath of Purdue
(DBN)

Carrier proposes $730M PFAS settlement with Kidde-Fenwal
(DBN)

Jury Hands $5.2B Verdict Against Vegas Company in Bottled Water Liver Damage Suit
(DBN)

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Bankruptcy Crimes:

Peoria Man Sentenced to More Than 11 Years in Prison For Multi-Year Fraud Scheme
(DBN)

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Aviation:

Delta, CrowdStrike sue each other over widespread IT outage that caused thousands of cancellations
(DBN)

What Is 'Gate Lice' and How American Airlines Plans To Tackle It
(DBN)

Boeing is looking for a $19 billion boost Boeing Raises $21 Billion in Capital to Repair Balance Sheet 2 major airline CEOs have issued a clear message to Boeing in the past week: Do better
(DBN)

Astronauts on the ISS are braced for an urgent evacuation - as NASA uncovers 50 'areas of concern'
(DBN)

Paul Singer Settles For Torturing Southwest CEO Rather Than Firing Him
(DBN)

Azul Finalizes $500 Million Financial Agreement With Creditors Azul Shares Jump on Deal with Creditors for New Financing
(DBN)

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Consulting:

Partner pay at Big 4 firms is dropping, the latest sign of the consulting slowdown
(DBN)

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Television:

TPG Financing Tied to Dish-DirecTV Deal Creates New Wrinkle
(DBN)

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Video Recording Equipment:

Digital Ally faces accelerated debt obligation
(DBN)

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Coal:

Coal Remains On Its Throne Despite Transition Push
(DBN)

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Labor:

Pizza Shop Owner Gets 8.5-Year Sentence for Deportation Threats
(DBN)

US labor board wrongly ordered Tesla's Musk to delete anti-union tweet, court rules
(DBN)

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Sports:

Women's volleyball dispute touches on a broader question: How to define 'fair'
(DBN)

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Sovereigns:

Tackling the world’s hidden-debt problem
(DBN)

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UK:

Gloucestershire Constabulary dismiss bankruptcy fears
(DBN)

UK far-right figurehead Tommy Robinson jailed
(DBN)

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EU:

Guindos Says ECB Sees Substantial Risks to Inflation Outlook
(DBN)

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MENA:

Israeli airstrikes pummel the southern Lebanese port city of Tyre
(DBN)

60 Killed in Israeli Strikes on Lebanon
(DBN)

Hezbollah Appoints Deputy Leader Naim Qassem as New Leader: Reports
(DBN)

As Gaza Talks Resume, Little Progress Is Expected Before the U.S. Election CIA director floated 28-day Gaza ceasefire, hostage deal in Doha
(DBN)

U.S. "deeply concerned" new Israeli laws will worsen Gaza crisis
(DBN)

Israel bans UN aid agency UNRWA from operating in Israel Israel outlaws UN Palestinian org, bucking international pressure
(DBN)

Gaza War Death Toll Passes 43,000, Palestinian Health Ministry Reports
(DBN)

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Russia:

Putin's Economy Approaches 'Burnout Point'
(DBN)

180-Foot Fountain of Feces Erupts From Sewer in Dramatic Video
(DBN)

Ukraine Resorts to Shaking Down Nightlife Spots for Recruits as Troop Numbers Fall
(DBN)

US says North Korea has sent 10,000 troops to Russia North Korean troops are now in Kursk to help Russia, NATO confirms Why North Korea would want to go to war for Russia Russia can't sustain its attack on Ukraine without North Korean troops, NATO chief says Ukraine Braces for Russians to Assault With North Korean Troops No new limits on Ukraine's use of US arms if North Korea joins fight, Pentagon says Intercepted audio purports to show a chaotic start to North Koreans joining Russia's fight North Korea Is a Surprisingly Valuable Wartime Ally to Russia and Iran
(DBN)

Russia Lost 10,000 Troops in a Single Week: Kyiv
(DBN)

Russia Soldier Kills 10 Comrades in Own Unit, Goes AWOL: Report
(DBN)

'Wiped Off The Face Of The Earth': How Russia Erased A Ukrainian City
(DBN)

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Germany:

Volkswagen mulls closing factories in Germany for the first time and cutting thousands of jobs to reduce costs VW labour chief sounds alarm on mass layoffs and three German plant closures VW Workers Brace for Fallout From Years of Dereliction
(DBN)

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France:

Moody's Cuts France Outlook, Opening Door To Credit Downgrade
(DBN)

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Australia:

Mosaic Brands, fashion retailer behind Millers, Rivers and Katies, enters voluntary administration
(DBN)

Over $100,000 in debt: Court hears how Andre Rebelo and Grace Piscopo’s glamorous life was funded
(DBN)

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Indonesia:

Govt sets rescue plan for textile giant Sritex after bankruptcy ruling Indonesia Vows No Layoffs for 50,000 Workers in Bankrupt Sritex Sritex appeals bankruptcy as Indonesia vows to save 50,000 jobs
(DBN)

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Argentina:

Argentine Debt Rises Out of Distress Territory on Milei Reforms
(DBN)

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India:

Surprise claim can't be sprung on debtor after resolution plan's approval under IBC: Delhi High Court
(DBN)

Proving Default: IU Reports Not The Be-All And End-All
(DBN)

Does Insolvency and Bankruptcy Code address the Credit Misallocation concern? Indian Experience
(DBN)

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China:

China's Sino-Ocean to issue $4 billion in convertible bonds to creditors
(DBN)

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