October 8, 2024

The Daily Bankruptcy News

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Law:

Ranking The Law Firms Lawyers Love
(DBN)

Regional Law Firms Seize on Second-Tier Markets for Growth
(DBN)

Legal Chiefs Say Gen AI Will Allow Less Reliance on Law Firms
(DBN)

By looking elsewhere, companies send big law a message
(DBN)

What happens when 3,000 in-house lawyers gather? Lots of AI talk
(DBN)

U.S. Legal Job Market Rebounds as Major Law Schools and AI Adoption Shape Industry Trends
(DBN)

The Law Schools That Provide The 'Most Value' For Students (2024)
(DBN)

The Hottest New Trend In The Legal Industry
(DBN)

Lawyer accused of exploiting elderly client is found liable for $26M in malpractice case
(DBN)

The 2025 Lawdragon 500 Leading Litigators in America
(DBN)

How Jack Smith Outsmarted the Supreme Court
(DBN)

Supreme Court won’t hear case stemming from Jack Smith’s secret warrant for Trump’s Twitter data
(DBN)

Supreme Court turns away Elon Musk's X appeal over Trump criminal investigation • Justices don't offer any explanation while dooming Elon Musk and X's Jack Smith complaint
(DBN)

Ex-FBI agent who allegedly called police 'the Gestapo' wants to delay Jan. 6 trial
(DBN)

Trump blames Nancy Pelosi as he cites another SCOTUS decision to dismiss Jan. 6 charges
(DBN)

Trump intends to use military to round up opponents: Michael Cohen
(DBN)

Another top aide to New York City's mayor resigns amid federal probe • New York City’s ‘Radioactive’ Mayor Swaps Swagger for Stupor
(DBN)

Sean 'Diddy' Combs' access to 'special privileges' in prison revealed by inmate • Diddy’s A-list pals quietly paying off victims to avoid being publicly named: lawyer
(DBN)

Movie armorer on Alec Baldwin’s film ‘Rust’ pleads guilty to gun charge in separate case
(DBN)

Woman charged with 3 murders in 3 days labeled a serial killer by police
(DBN)

'Investigator of the Year' broke into a home, where resident fatally shot him: Authorities
(DBN)

Husband beat his wife to death with hammer after she filed for divorce: Deputies
(DBN)

Doctor poisoned mother's partner with flesh-eating disease disguised as COVID booster
(DBN)

Woman allegedly tries to kill boyfriend because he refused to give her anti-anxiety meds
(DBN)

Pastor charged with first-degree murder over affair shooting just got a really low bond
(DBN)

Son who beheaded dad while 'trying to perform citizen's arrest' may face death penalty: DA
(DBN)

Woman learned of fiancé's affair so she manipulated him into murdering lover, family: Cops
(DBN)

'S--- gonna get real': Woman with 'bad temper' and gun assaulted speeding driver, cops say
(DBN)

Georgia Supreme Court reinstates abortion ban amid legal battle
(DBN)

Safest Cities in America: Memphis, New Orleans, Philly fall to bottom of 2024 list
(DBN)

Why antisemitic incidents tripled in the U.S. after the Oct. 7 attacks
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Judges:

DOJ Unit Renews Venue Dispute for Jackson Walker Fee Challenges
(DBN)

Supreme Court justices return to bench for new term • The threat of election chaos looms as the Supreme Court returns to action • SCOTUS looks to a quieter business term after bombshell rulings
(DBN)

The Supreme Court Itself Is This Term’s Blockbuster
(DBN)

Florida judge accused of shouting in court, claiming his ‘angry face’ due to attorney’s behavior
(DBN)

Supreme Court Police Might Just Be Smarter Than The Supreme Court Justices
(DBN)

Justice Samuel Alito Is All Buddy Buddy With Law School Dean That Worked To Overturn The Results Of The 2020 Election
(DBN)

The Law School That Won't 'Openly Discriminate Against Conservatives' Is Gaining Favor With The Supreme Court
(DBN)

Trump Fanboy Gets Charged With Threatening A Judge
(DBN)

What Oral Argument Engagement Tells Us About Supreme Court Opinion Writing
(DBN)

Party Divisions in Views of Supreme Court Keep Ratings Low
(DBN)

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Wall Street:

10-year Treasury yields shifts lower after crossing 4% in previous session
(DBN)

Goldman Sachs bumps its S&P 500 price target for the 3rd time this year as it sees higher corporate profits ahead
(DBN)

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Layoffs:

CVS will lay off 632 employees who report to Rhode Island offices
(DBN)

Nordson Corp. to lay off 114 in Amherst
(DBN)

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Politics:

The Hill model currently predicts that Kamala Harris has a 53% chance of winning the Presidency. • Harris takes lead in NYT poll; is seen as more likely than Trump to represent change
(DBN)

Trump Says There Are Migrants in the U.S. With ‘Bad Genes’ in Chilling Rant • Donald Trump Concludes His Commemoration of the Oct. 7 Terrorist Attacks by Playing ‘Y.M.C.A.’ by the Village People • Gullible Trump Cronies Losing Their Minds Over Fake AI Slop on Twitter • Trump’s transition chief says appointees must prove ‘loyalty’ • Trump aide Corey Lewandowski said to have lost campaign power struggle • The ‘Crypto Punks’ Behind Trump’s Murky New Business Venture • 'Trump is going to win': Latino voters explain why they're moving to the right • Deloitte takes fire from Trump-Vance allies over leaked employee messages • Trump: Israel has to ‘get smart’ about supporting him • Vance suggests Trump administration would defund Planned Parenthood • Scott Pelley Reveals Trump Campaign Demanded ‘Apology’ and Complained About Fact-Checking Before Canceling ’60 Minutes’ Interview • How 60 Minutes found out Donald Trump would not participate in an election special • ‘60 Minutes’ Brings the Receipts on Trump’s Interview About-Face • Voters should "watch" Trump rallies after he bailed on "60 Minutes," Harris says • Election denial returns as focus with Vance's 'non-answer,' new Trump indictment details
(DBN)

Republicans are trying to rig 2024 the way they claim 2020 was rigged
(DBN)

Millions of Christians not planning to vote this November, could shape election: Study
(DBN)

Massive Harris ad buy launches wild spending month • Kamala Harris Is Losing Support With This Key Demographic. It Could Cost Her Georgia. • Ron DeSantis is refusing to take Harris' call on Hurricane Helene • DeSantis and Harris accuse each other of "political games" over storm calls • Former Florida GOP chair backs Harris after Helene ‘trolling’ • Major North Carolina newspaper knocks Trump over Helene response ‘falsehoods’ • Harris faces challenge with union voters in Michigan, Pennsylvania
(DBN)

In the heart of Appalachia, a distant cousin of JD Vance leads an opposing 'authentic hillbilly' movement
(DBN)

Musk the surrogate: The tech titan will hit the campaign trail for Trump • Flashback: Donald Trump’s character reflects poorly on United States, Elon Musk says • Elon Musk blasted for offering swing state voters $47 to sign gun rights petition • Swing States: Is Elon Musk's 47 dollars offer to voters in swing states legal? • Elon Musk tells Tucker Carlson he's f***ed if Trump loses election: 'How long do you think my prison sentence is going to be?' • Elon Musk bankrolls outgunned House GOP campaigns
(DBN)

GOP looks to avoid disaster in Nebraska Senate race
(DBN)

Iron Fences, Cameras Everywhere: Arizona Girds for Poll Chaos
(DBN)

Swing state election officials were ready for anything. Not this
(DBN)

Arizona election officials subjected to violent threats undaunted in defense elections
(DBN)

Nevada Republican convicted of taking money meant for officer memorial
(DBN)

Woodward's "War" reveals new Biden backstory
(DBN)

If Trump Loses - What Becomes of the GOP?
(DBN)

Closing the gap: How sex, money, politics divide generations in the US
(DBN)

Will Black vote impact 2024 election? Depends which generation you ask Investigations 2 hours ago
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Agribusiness:

Orange Juice Futures Rise as Hurricane Milton Nears Landfall
(DBN)

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Retailing:

Another rough year for department stores
(DBN)

Big Lots closing nearly 50 more stores
(DBN)

After a discount chain filed for bankruptcy, Ollie’s scooped up seven of its stores
(DBN)

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Economy:

US Consumer Borrowing Growth Slows on Drop in Revolving Credit
(DBN)

American consumers continue to rack up debt
(DBN)

Over the past 30 years the U.S.’s top 1% got richer, and now hold nearly a third of the nation’s wealth
(DBN)

The Fed is done cutting rates this year as the 'phantom recession' is finally dead, market vet says
(DBN)

Fed’s Kugler Calls for ‘Balanced Approach’ to Future Cuts
(DBN)

US Corporate Bond Spreads Rally to Three-Year Low, Bucking Risks
(DBN)

S&P’s Dan Yergin warns of ‘dangerous time’ for global economy as Middle East tensions fester
(DBN)

The job market is in the 'Twilight Zone,' top economist Claudia Sahm says
(DBN)

Elizabeth Warren Presses Coca-Cola, Pepsi, General Mills on Shrinkflation
(DBN)

The decline in the US international investment position
(DBN)

The Messy Reality of US Tariffs Features American Job Losses
(DBN)

Tariffs on all imports would create chaos for business
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Ex-Goldman Banker Behind Tom Steyer Fund Has Insurance Warning
(DBN)

Hedge Fund Deer Park Eyes Distressed Property Debt in 2009 Rerun
(DBN)

Housing Oct 7th Weekly Update: Inventory up 0.4% Week-over-week, Up 36.7% Year-over-year
(DBN)

ICE Mortgage Monitor: Insurance Costs "Spike", Especially in Florida
(DBN)

Helene Exposes Broken Flood Insurance System • Hurricane Helene Caused Up to $48 Billion in Property Damage—and Most Is Uninsured
(DBN)

See Where the Housing Market Could Change the Most as Mortgage Rates Drop
(DBN)

America's Homeless Population on the Rise
(DBN)

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Municipalities:

Chicago Mayor Overhauls Board of Cash-Strapped School District • Chicago mayor names new school board after entire panel resigns • 'Not legit!': Protests erupt as Mayor Johnson announces new Chicago school board picks
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Oil/Gas:

Oil producer accused of contaminating water files for bankruptcy
(DBN)

Saudi Arabia Said to Tee Up Multibillion-Dollar Bet on Hydrogen
(DBN)

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Climate:

Hurricane Milton is a Category 5. Florida orders evacuations and scrambles to clear Helene's debris • Tampa Bay hasn’t been hit directly by a major hurricane since 1921. Milton may be the one • Tampa mayor issues dire warning before Hurricane Milton: ‘If you choose to stay … you are going to die’ • Mass exodus underway in Florida as Milton takes aim • Evacuation panic in Florida ahead of Hurricane Milton sparks widespread backups and shortages • Why experts are so scared of Hurricane Milton • Double disaster: Hurricane Milton terrorizes Helene-battered South • Hurricane Milton: Dire scenario looms for Florida with Category 5 storm • Hurricane Milton "explosively" jumps from Cat. 1 to Cat. 5 in a day • How Hurricane Milton exploded into a terrifying Category 5 storm in just hours • Hurricane Milton's rapid intensification is part of a climate-fueled trend • Hurricane Milton strengthens into a monstrous Category 5 • How strong can Cat 5 Milton get? This hurricane may approach the maximum intensity • Back-to-back hurricanes test Florida's recovery work as Milton rushes for Gulf Coast • Will Milton make landfall as a Category 5 hurricane? • Tampa Bay scrambles to prepare for next hurricane as it cleans up from last one • Why the Tampa Bay area is especially vulnerable as Hurricane Milton nears • Hurricane Milton could be worst storm to hit Fla. west coast in 100 years — as it strengthens to Category 5 • Shares of generator maker soar, insurance stocks fall as Hurricane Milton intensifies • Milton raises stakes for Congress to pass more disaster aid • Back-to-Back Hurricanes Set to Strain FEMA as Its Funds Run Low • US disaster programs are teetering. Milton could topple them. • Hurricane Milton may be October surprise in presidential battle
(DBN)

Local Republicans decry hurricane falsehoods — as Trump spreads them • FactCheck: 5 Misleading Claims on Helene Relief • Marjorie Taylor Greene Is Now Adding Lasers to Her Hurricane Helene Conspiracy • Public officials urge halt to the spread of rampant disinformation around Hurricane Helene • Misinformation has surged following Hurricane Helene. Here's a fact check.
(DBN)

As Hurricane Milton threatens the US, Helene could cost property owners more than $47 billion • Misinformation, power outages hinder Helene recovery
(DBN)

Hurricane Helene ravaged Asheville, echoing another disaster 100 years ago
(DBN)

Australia Set for More Severe Cyclones This Season on Warm Seas
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Healthcare:

A Company Taking Over Steward Hospitals Has Struggled With Its Own Portfolio • Steward bankruptcy: Closure notice for Norwood Hospital, still-operating clinics • Operators picked for hospitals
(DBN)

On brink of bankruptcy, Thundermist seeks $8 million taxpayer bailout
(DBN)

Supreme Court Spurns Biden Administration in Texas Abortion Case • SCOTUS: Let Texas Women Die
(DBN)

Harris proposes help for the 'sandwich generation': a Medicare benefit for home care
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Autos:

Distressed Auto Industry Players Have Options to Avoid Bankruptcy
(DBN)

Fisker’s plan to make owners pay for recall repairs is illegal, DOJ says • Bankrupt EV startup Fisker left its abandoned headquarters in 'complete disarray' • Fisker is dead. But its legal problems are very much alive • Bankrupt EV Maker Fisker's Liquidation Plan Hits Roadblock As DOJ Raises Objections Following SEC Investigation
(DBN)

Rivian Wants Federal Funds to Stay in Business
(DBN)

Elon Musk is ready to make his biggest pitch yet that Tesla is more than just a car company
(DBN)

Wholesale Used Car Prices Decreased in September; Down 5.3% Year-over-year
(DBN)

Lucid’s Quarterly Production Falls, Missing Estimates
(DBN)

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Tech:

AI expert Gary Marcus thinks OpenAI will be the 'most Orwellian company of all time'
(DBN)

Donald Trump's social-media company has new worries and investors don't care • Trump Media stock soars 15% after Butler, Pa. rally with Elon Musk
(DBN)

Google Talks to Utilities About Nuclear Power for Data Centers
(DBN)

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Labor:

Stellantis accuses UAW of proposing new jobs bank, linking effort to Chrysler bankruptcy
(DBN)

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Water:

American Water, the largest water utility in US, is targeted by a cyberattack
(DBN)

Biden to announce $2.6B in funding to replace all lead pipes throughout the U.S.
(DBN)

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Batteries:

Northvolt Unit Files for Bankruptcy as Expansion Plan Paused • Northvolt applies for bankruptcy for subsidiary company following financial struggles
(DBN)

How Europe’s Big Hope in EV Batteries Came Unstuck
(DBN)

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Nursing Homes:

Warren nursing home changes hands in bankruptcy
(DBN)

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Celebs:

Katie Price’s Mucky Mansion has its price slashed after sale of the double bankrupt star’s former home falls through
(DBN)

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Food/Beverage:

Original Harold’s Chicken of Nevada files for Chapter 11 bankruptcy
(DBN)

Red Lobster’s endless shrimp deal created ‘a lot of chaos,’ new CEO divulges on bankruptcy
(DBN)

Vintage Wine Estates under enforcement for wastewater management failures despite ongoing bankruptcy
(DBN)

Popular restaurant chain operator files for Chapter 11 bankruptcy
(DBN)

The Local Diner Is Totally Fine if Candidates Skip the Campaign Stop
(DBN)

The pandemic accelerated Americans' move away from cash
(DBN)

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Accounting:

EY partners will have about two percent of their annual compensation “taken to help the firm manage cash flow”
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Derivative Standing:

Supreme Court Rejects Review of Creditors' Bankruptcy Standing
(DBN)

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Litigation Finance:

Litigation Finance Industry Faces Fresh Calls for Disclosure
(DBN)

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Cross-Border:

Trending: Special Deference for Foreign Insolvency Proceedings Both In and Out of Chapter 15
(DBN)

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Exemptions:

California Drastically Reduces Creditor Exemptions For Qualified Accounts
(DBN)

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Aviation:

The cost of Boeing's strike keeps rising as talks continue
(DBN)

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Gig Economy:

Supreme Court turns down challenge of California labor lawsuits by Uber, Lyft
(DBN)

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Crypto:

FTX Clear to Repay Customers as Firms Seek Slice of $1 Billion • FTX creditors will make money on bankruptcy: $1.19 for every dollar • FTX reboot abandoned as bankruptcy process concludes • FTX Customers Will Get Back Billions After Judge OKs Bankruptcy Plan • Bitcoin’s price fell as FTX’s plan to pay $16bn to creditors was approved — but this token jumped
(DBN)

Trump’s Tech Bro Fanboys Wanted Him Jailed After Jan. 6th
(DBN)

Cryptochutzpah
(DBN)

U.S. Supreme Court Declines Case on Seized $4.38 Billion Bitcoin from Silk Road
(DBN)

Town Sues Bitcoin Miner Over Noise Levels
(DBN)

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Utilities:

Judge Prolongs Litigation Stay in Puerto Rico Utility Bankruptcy
(DBN)

Utilities’ Extreme Plan to Stop Wildfires: Shut Off the Power
(DBN)

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Sovereigns:

Senegal Eurobonds Extend Losses After Moody’s Ratings Cut
(DBN)

Protests Spread in Pakistan as Taxes Rise Under IMF Bailout
(DBN)

Pakistan secures $3.2bn loan pledges from foreign creditors
(DBN)

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UK:

Thames Water Gets £57 Million Penalty, Adding to Cash Woes
(DBN)

ISG administrator tells subbies no funds to pay debts
(DBN)

Reeves’s Tax Plans Falter as Election Pledges Meet Reality
(DBN)

Saudi Arabia’s PIF to Take 40% Share in Selfridges Stores
(DBN)

Strictly star Adam Thomas' failed restaurant 'under investigation' after going bust owing £300K and 'creditors unlikely to see a penny' - despite actor earning '£200K a year'
(DBN)

Claims at collapsed construction giant rocket to more than £300m
(DBN)

UK Should Tax Wealthy Exiting the Country, Economists Say
(DBN)

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EU:

ECB’s Nagel Says He’s Open to Consider October Rate Cut
(DBN)

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MENA:

97 still being held by Hamas year after Oct. 7 attacks • Vigils and services held in European cities to mark a year since the Oct. 7 attack on Israel • In Israel, Divisions Mar Memorials for Oct. 7 Attack • One year after Hamas attacks, hostages' families are living in limbo but trying to find hope • Hamas leader and Oct. 7 mastermind Yahya Sinwar resurfaces after reports he may have been killed by Israeli airstrike • Israel marks Oct. 7 anniversary under shadow of escalating war • One year on, the Middle East is spiraling deeper into violence • A year from Oct 7, tens of thousands killed and fears of a 'forever war' • US hits Hamas funding network with sanctions on attack anniversary
(DBN)

CIA director warns "misjudgments" could further escalate conflict in Middle East • White House loses trust in Israeli government as Middle East spirals
(DBN)

Israel to Hold Talks in US as Tension Builds on Iran Riposte
(DBN)

Canadian Firms Act as Families Sue Hamas for $250M Over October 7 Attacks
(DBN)

Israel Says It Intercepted Hamas Rockets as War Marks a Year
(DBN)

Erdogan Says On Gaza War Anniversary That Israel Will Pay Price For 'Genocide'
(DBN)

Trump says Gaza "could be better than Monaco" once it's rebuilt
(DBN)

Fears of a Global Oil Shock if the Mideast Crisis Intensifies
(DBN)

The Russian arms dealer who was exchanged for Brittney Griner is trying to sell weapons to the Houthis: report
(DBN)

Israel’s strikes are shifting the power balance in the Middle East, with US support
(DBN)

US Tells Israel Not to Attack Beirut Airport
(DBN)

Iran is increasingly desperate, retired US general says
(DBN)

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Russia:

Lithuania says it intercepted military supplies on their way to Russia, and sent them to Ukraine instead
(DBN)

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Brazil:

Private-Credit Firm Raises Brazil Distressed Fund as Defaults Surge
(DBN)

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Germany:

Over 50 Smaller German Banks See Capital Below Minimum in Test
(DBN)

German Industrial Production Rebounds on Volatile Car Output
(DBN)

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China:

Chinese Court Under Fire For Auctioning Last Asset Of Bankrupt Millionaire. What Was It?
(DBN)

China growth to slow next year despite temporary boost from stimulus: World Bank
(DBN)

China state planner lays out further actions to boost economy but no new plans for major stimulus
(DBN)

China May Top Off Stimulus With Record Deficit, Economist Says
(DBN)

China rally loses steam as authorities disappoint markets; Hong Kong stocks plunge more than 9%
(DBN)

China’s Stock Euphoria Cools as Traders Reassess Stimulus Bets
(DBN)

World Bank Warns China’s Slowdown May Deepen, Pressure East Asia
(DBN)

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North Korea:

North Korea’s Kim again threatens to use nuclear weapons against South Korea and US
(DBN)

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Australia:

Self-described Nazi becomes first in Australian state of Victoria to be convicted over Nazi salute
(DBN)

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Mexico:

Drugs, People Smuggling At Heart Of Mexico's Raging Violence
(DBN)

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South Korea:

Number of struggling SMEs increases amid economic slump
(DBN)

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Japan:

Japan Sees Most Bankruptcies in a Decade Amid Rising Costs
(DBN)

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