September 17, 2024

The Daily Bankruptcy News

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Law:

Biglaw Firm Gives All Employees Paid Day Off To Vote, Volunteer On Election Day
(DBN)

Duane Morris Non-Equity Partner Lawsuit Escalates With Forum Shopping And Witnesses
(DBN)

There's Lots Of Good News For In-House Legal Department Budgets
(DBN)

O’Melveny Welcomes Leading New York Restructuring Partner Ana Alfonso
(DBN)

ArentFox Schiff Welcomes Financial Restructuring & Bankruptcy Partner Scott B. Lepene
(DBN)

No 'tactical advantage' for either side as Donna Adelson trial begins in Dan Markel murder
(DBN)

This Global Law Firm Really Stinks (Because Of The Poop)
(DBN)

Biglaw 'School Spirit Day' Brings The Fun (And The Yoo-Hoo)
(DBN)

Criminal Law Professors Help Exonerate Falsely Convicted Man
(DBN)

Promising Young Biglaw Associate Dies After Crossing Finish Line At Disney Half Marathon
(DBN)

Legal chief is at center of Norfolk Southern CEO’s ouster
(DBN)

Legal budgets will get an AI-inspired makeover in 2025: survey
(DBN)

How to make generative AI legal tools valuable in your workflows
(DBN)

Lawyer fined for statements made on “antisemitic” Iranian TV show
(DBN)

Judge denies Mark Meadows' effort to move 2020 election case in Arizona to federal court
(DBN)

Judge Tosses Giuliani's Suit Against Biden Rudy Giuliani Flops Out Of Defamation Suit Against Biden For Calling Him A Russian Pawn
(DBN)

Biden administration says number of illegal border crossings has drastically fallen Activity along the southern border returns to Trump-era levels
(DBN)

Ohio sheriff suggests residents keep a list of homes with Harris yard signs
(DBN)

Anger erupts as families face officers in Uvalde school shooting for first time
(DBN)

New York fire chiefs charged in bribery scheme
(DBN)

NYC Mayor's Top Allies Quitting as Probes, Pressures Mount Ex-FDNY Chiefs Charged With Bribery in Blow to Mayor Adams Administration Eric Adams under pressure to oust top aide and close friend amid federal probes
(DBN)

Sean 'Diddy' Combs arrested by federal agents in New York Sean 'Diddy' Combs files motion to vacate $100M default judgment in sexual assault lawsuit filed by inmate Former Danity Kane member sues Sean Combs, alleging he groped and threatened her Sean 'Diddy' Combs arrest: Timeline and what to know Arrested by Feds in NYC After Grand Jury Indictment
(DBN)

Omnipresent AI cameras will ensure good behavior, says Larry Ellison
(DBN)

Camp Pendleton Marine who made and sold ‘ghost’ rifles sentenced to prison
(DBN)

11-year-old Florida student arrested for threatening to commit a mass shooting, authorities say
(DBN)

Could you pass a US citizenship test? Check your knowledge
(DBN)

Democracy declined for 8th straight year around the globe, institute finds
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Judges:

Bankruptcy Trial Over Some Jackson Walker Fees Set for December
(DBN)

‘Sotomayor Rule’ exposes the Supreme Court’s porous ethics code
(DBN)

Ketanji Brown Jackson’s new memoir, a snapshot of relentless optimism and grit
(DBN)

David Brock on Clarence Thomas and supreme court hijack: ‘the original sin’
(DBN)

Samuel Alito's Role in Jan 6 Ruling Questioned after John Roberts Memo Leak SCOTUS Chief Justice Sidelined Alito Days After Flag Scandal Chief justice Roberts pushed for quick immunity ruling in Trump’s favor – report Chief Justice John Roberts targeted by Supreme Court leak
(DBN)

The Judges Who Serve at Trump’s Pleasure
(DBN)

Federal Law Clerks Barred From Applying To 'Political' Jobs While Clerking
(DBN)

Biden Appellate Pick Confirmed Amid Home-State Senator Ire
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Wall Street:

 

Investors See a Harris Win as Better for Bonds, Worse for Stocks
(DBN)

Traders’ Uncertainty About Fed Decision Is Highest Since 2007
(DBN)

Investors' risk appetite plummets to 16-month low in September
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Layoffs:

Boeing crafts plan to furlough ‘many’ employees as workers strike for higher pay Boeing Starts Hiring Freeze, Weighs Temporary Furloughs
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Agribusiness:

China’s fading hunger for grain spells trouble for world farmers
(DBN)

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Politics:

Poll: Young people are nervous about 2024 election
(DBN)

What we know about Ryan Wesley Routh, the man detained in connection with second Trump assassination attempt Trump, Vance use assassination attempt to condemn Democrats Trump called for ‘unity’ after the first assassination attempt. Not this time. Anti-Trump rhetoric comes under scrutiny after golf course threat Trump assassination attempt suspect laughs, smiles during first court appearance in Florida Would-be Trump assassin exploited security hole that Secret Service has known about for years — and the pictures prove it Suspect in apparent assassination attempt of Trump has long history of legal troubles Ryan Wesley Routh's 'Hostile and Manipulative' Ukraine Messages Revealed Suspect lay in wait at Trump golf course for hours, court documents say Donald Trump's 'Off-the-Record' Golf Trip Explained by Secret Service Trump’s golf outings have long concerned Secret Service Ryan Wesley Routh 'Delusional and a Liar'—Ukraine Volunteer Ryan Wesley Routh: Would-Be Trump Assassin, Went to Ukraine to Join War Ryan Routh Encouraged Assassination of Trump In Book on Ukraine Ukraine brushes off links to alleged Trump gunman Suspected gunman charged in apparent Trump assassination attempt Elon Musk deletes post questioning the Trump assassination attempt Musk Incites Rage After Claiming No One 'Trying to Assassinate Kamala' House lawmakers demand Secret Service briefing on 2nd Trump assassination attempt Republicans outraged over possible assassination attempt: ‘They are going to keep trying to kill Trump’ 'Perplexing': Sheriff discusses suspect's reaction when he was arrested Palm Beach County sheriff says suspected gunman didn’t appear to have clear shot at Trump Biden says Secret Service "needs more help" Secret Service chief makes remarkable admission: We need a 'paradigm shift' Congress mulls new Secret Service funding after apparent attempt on Trump's life Secret Service Reform Calls After Second Trump Assassination Attempt Trump's close call New Details Emerge About Ryan Wesley Routh During Court Appearance Trump blames Democrats’ rhetoric for latest apparent assassination attempt Harris ‘deeply disturbed’ by possible assassination attempt: ‘I condemn political violence’ Hillary Clinton condemns ‘terrible’ Trump assassination attempt, but he should try to ‘calm the waters’ Security experts see latest Trump close call as ‘a failure, 100%’
(DBN)

‘The most complex, dynamic and dangerous threat environment I’ve experienced’
(DBN)

Trump’s Guns
(DBN)

Electoral College Map Hands Kamala Harris Another State 2024 Presidential Forecast and Predictions: Harris 55% A Rare In-Person NYC Fundraiser for Kamala Harris Boasts $1 Million Tickets Harris to meet with Teamsters as campaign chases union endorsement Scientific American Endorses Harris
(DBN)

Donald Trump loses legal fight over using Eddy Grant song without permission George Conway: Trump, campaign experiencing ‘ultimate implosion’ Former Trump aide: ‘You’re going to get the Laura Loomers of the world’ in second administration Laura Loomer Sends Message to 'Haters'—'I Have Nothing to Lose Anymore' Brittany Mahomes questioning her support of Donald Trump after his blistering take down of Taylor Swift left her 'shaken to the core' Trump-Taylor Swift feud may pose risks in tight election Donald Trump's Silver Lining Amid Batch of Bad Polls
(DBN)

Tim Walz, a ‘Snowman Melting,’ Tests His Appeal in the Sun Belt
(DBN)

JD Vance: If I Have to Lie, I'll Lie
(DBN)

More Than Half of Republicans Believe Haitians Are Eating Pets: Poll More than 30 bomb threats made in Springfield, Ohio, after false pets claims Troopers to patrol schools in Springfield, Ohio, after threats linked to false claims about Haitian immigrants Springfield Forced to Cancel Town Festival Ohio Newspaper Mortified by Vance's Claims Baseless Rumors Threaten Springfield The staggering reach of Trump’s misinformation — not just on Haitian migrants
(DBN)

Violence and instability have become a feature, not a bug, of US political life The 2024 election is a tinderbox
(DBN)

Democratic Party Still Seen as Better for Union Members
(DBN)

Senate GOP abandons anti-Biden strategy after unexpected backfire
(DBN)

Where third-party candidates have gotten on — or off — the ballot in key swing states
(DBN)

A secretive group recruited far-right candidates in key US House races. It could help Democrats
(DBN)

Trial begins in alleged Florida election conspiracy that tilted a Miami Senate race
(DBN)

Why these three states are the most consistent tipping point in American politics
(DBN)

Peter Thiel predicts the 2024 election won't be close: 'One side is simply going to collapse'
(DBN)

2020 déjà vu: Why the 2024 election could take days to call
(DBN)

Former governors urge successors to certify election results
(DBN)

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Accounting:

PwC Probe Spotlight Shifts to Hong Kong After Record China Fine
(DBN)

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Retailing:

Bankrupt mattress retailer to close Connecticut stores as evictions loom
(DBN)

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Student Debt:

Here's which Navient student loan borrowers may qualify for relief under $120 million settlement
(DBN)

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Convenience Stores:

Inside the chaotic legal battle between SQRL and Blue Owl
(DBN)

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Art:

Following Bankruptcy Filing, Beleaguered Advisor Lisa Schiff to Sell Collection at Phillips
(DBN)

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Fintechs:

Synapse Bankruptcy Update: Court Filing Reveals Slow Progress on Releasing End User Funds
(DBN)

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Economy:

A recession could be this election’s ‘October surprise’
(DBN)

Update: The Art of the Soft Landing
(DBN)

The agonizing uncertainty of America's so-so economy
(DBN)

Gen Z and millennials are propping up the economy — with help from their parents, 'Oracle of Wall Street' says
(DBN)

Charted: Maxed-Out Credit Cards by Generation
(DBN)

US Consumer Loan Delinquencies Starting to Plateau, Bankers Say
(DBN)

New York Manufacturing Expands for First Time in Nearly a Year
(DBN)

Are Voters Feeling Better About the Economy?
(DBN)

Total debt retreats from record high for rated US companies
(DBN)

Assessing the state of household finances in nine charts
(DBN)

Americans Continue to See Businesses as Good for People
(DBN)

Are you in the American middle class? Find out with our income calculator
(DBN)

Americans are falling behind on credit card bills, auto loans — and Wall Street is getting worried
(DBN)

U.S. High School and College Student Employment Rates (1993–2023)
(DBN)

White House's Brainard says US inflation at turning point, focus should shift to jobs
(DBN)

The Fed Is Still Banking on a Labor Market Miracle
(DBN)

Democratic Senators Call on Fed to Cut Rates by 75 Basis Points
(DBN)

BlackRock Warns on Bonds, Saying Fed Rate Bets Are Overdone
(DBN)

The end of an economic era
(DBN)

Amazon tells employees to return to office five days a week Amazon orders employees to return to office 5 days a week, warns of corporate restructuring Amazon employees blast new RTO policy in internal messages: 'Can I negotiate my manager to PIP me?' Amazon says hot desks don't work for headquarters staff in the RTO era
(DBN)

The return-to-office wars have diminished workplace well-being—especially for these groups
(DBN)

Economy Still Weighs on Nevada as Harris and Trump Seek an Edge
(DBN)

The Las Vegas Economy Shows a Path to Fed's Soft Landing
(DBN)

Both Harris & Trump have 'unattractive' economic policies: Portfolio manager
(DBN)

NRF: Retail sales grew again in August Retail sales increased in August amid ongoing consumer demand and slowing inflation. shoppers
(DBN)

Gen Z: A Visual Guide to the Latest Generation of Adults
(DBN)Ranked: The Countries With the Highest Wealth per Person
(DBN)

Global share buybacks slow to near pandemic-era lows
(DBN)

Schumer loses patience with Johnson over government shutdown standoff Senate Republicans losing patience with Johnson as shutdown nears Johnson faces crossroads with no good options in spending fight
(DBN)

The other Jan. 6 Democrats are worried about
(DBN)

The U.S. job market is booming, but only if you’re here illegally
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Q2 Update: Delinquencies, Foreclosures and REO
(DBN)

Part 2: Current State of the Housing Market; Overview for mid-September 2024
(DBN)

Lower mortgage rates aren’t igniting the housing market. There are 2 key reasons why, top economist says
(DBN)

Housing Sept 16th Weekly Update: Inventory up 1.4% Week-over-week, Up 37.4% Year-over-year
(DBN)

US banks' high-volatility commercial real estate loan balance rises in Q2 2024
(DBN)

Why Harris and Trump can't stop talking about housing
(DBN)

Affording a home in the U.S. increasingly seems like an impossible dream
(DBN)

Top 10 Cities Where Homes Are Selling for the Most Over Asking
(DBN)

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Oil/Gas:

Fracking ban would hurt the climate — but lower gasoline prices would destroy the oil industry
(DBN)

Massive pipeline fire near Houston began after a vehicle struck a valve, officials say
(DBN)

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Music:

The Record Plant’s Assets Sold to Grammy-Winning Music Producer At Bankruptcy Proceeding
(DBN)

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Tech:

TikTok "ban bill" heads to court TikTok faces tough questions from court over challenge to US law TikTok is fighting for its life in US court — and it's on track to lose, former DOJ official says
(DBN)

Companies carry more liability for AI than they realize
(DBN)

Chipotle’s New Guac Robots Can Peel Your Avocados in 26 Seconds Restaurant Automation Is Here to Stay.
(DBN)

DJT stock got a short-lived boost after Trump vowed not to sell. It still faces a major headwind.
(DBN)

Google just stepped up its AI fight with Apple
(DBN)

AI will nearly double demand for copper, which is already facing a global shortage
(DBN)

Congress promised AI rules to protect elections. It’s not happening.
(DBN)

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Insurance:

Private Equity’s Insurance Bets Raise Risks, BIS Researchers Say
(DBN)

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Food/Beverage:

Red Lobster Exits Bankruptcy; Damola Adamolekun appointed CEO Red Lobster exits bankruptcy with 545 restaurants, new owners and new CEO
(DBN)

Hawkers Asian Street Food files for Chapter 11 bankruptcy protection
(DBN)

Grocery, Restaurant Industry Images Slide in U.S.
(DBN)

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Healthcare:

Rural North Carolina county is set to reopen its shuttered hospital with help from a new federal program
(DBN)

Abortion Bans Have Delayed Emergency Medical Care. In Georgia, Experts Say This Mother’s Death Was Preventable.
(DBN)

Donald Trump misrepresents his push to repeal the Affordable Care Act
(DBN)

Will 988 call the police? Data suggests 1% of mental health crisis calls get "involuntary" rescues
(DBN)

Virus that causes paralyzing illness is spiking in the U.S., wastewater data shows
(DBN)

Scientists show how pregnancy changes the brain in innumerable ways
(DBN)

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Maritime:

Titanic Shipyard Owner Set to Enter Administration This Week The 163-year-old company that built the Titanic says it is insolvent Shipyard Sale Expected as Harland & Wolff is Insolvent, Sets Administration
(DBN)

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Childcare:

A $33,000-a-Year Child Care Burden Vexes Harris, Trump Campaigns
(DBN)

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Trucking:

Yellow Loses Pension Ruling, Upending Shareholder Bankruptcy Bets
(DBN)

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Education:

Affirmative Action Was Banned. What Happened Next Was Confusing.
(DBN)

Pandemic-era learning loss recovering but not for all students
(DBN)

Florida Republicans have remade the state’s education system. The next step is partisan school boards.
(DBN)

In an Unprecedented Move, Ohio Is Funding the Construction of Private Religious Schools
(DBN)

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Kitchenware:

Tupperware Brands plans to file for bankruptcy, Bloomberg reports
(DBN)

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Media:

Control of Murdoch media empire at stake as hearing to proceed with mogul and children
(DBN)

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Religion:

Brighton church pastor arrested, fired after camera found in bathroom, officials say
(DBN)

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Fraud:

SEC charges leaders of online pharmacy in $170M fraud case
(DBN)

Former MoviePass CEO Mitch Lowe has pleaded guilty to securities fraud conspiracy
(DBN)

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Crypto:

Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
(DBN)

New details of Trump family crypto project released, including who can buy in Confused Trump struggles in 'painful' crypto interview and keeps trying to change topic Trump launches another business full of potential risks and conflicts if he wins
(DBN)

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Labor:

US orders Starbucks to reopen 2 NY stores company shut down after workers unionized
(DBN)

UAW union files unfair labor charges against Stellantis, accuses automaker of violating contract
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Las Vegas, Reno and Annual Bankruptcy Case Filing Statistics
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Mass Torts:

J&J Gets $260 Million Talc Verdict Overturned, New Trial Ordered
(DBN)

Women say they were failed by sexual abuse investigation of Oregon doctor
(DBN)

Archdiocese of New Orleans files reorganization plan in bankruptcy court in wake of clergy abuse scandal
(DBN)

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Executory Contracts:

Noncompete Agreements Survive the FTC and a Noncompete Provision Survives Rejection
(DBN)

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Bankruptcy Strategy:

Evaluating Credit of a Privately-Held Company Without Getting Financial Statements
(DBN)

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Notice:

Constructive notice of a bankruptcy case can bind unknown creditors to all orders
(DBN)

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D&O:

Looking Ahead to 2025: Navigating a Shifting D&O Insurance Landscape
(DBN)

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Aviation:

Boeing Will Cut Spending as Strike Takes Financial Toll Boeing freezes hiring after strike spurs drastic measures to save cash 'We're Happy He Can Afford A New Mansion... Some Of Us Live Paycheck To Paycheck': Boeing CEO Buys $4.2M Mansion Amid Wage Strikes Boeing execs barred from flying business class to save money during strike
(DBN)

Delta is reminding prospective flight attendants that they must wear ‘proper’ underwear to their interviews
(DBN)

Canada Jetlines declares bankruptcy, owes creditors C$11.8mn
(DBN)

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Climate:

Tropical storm conditions are hitting the Carolinas as Helene threatens to form Possible Tropical Cyclone to Unleash Flooding Rain on Carolinas
(DBN)

Citigroup Kept Focus on Fossil-Fuel Deals Amid Climate Protests
(DBN)

Typhoon Bebinca slams Shanghai, China, sparking evacuation of more than 400,000 people
(DBN)

Climate change risks grow faster for wealthy, poorest remain at risk: Study
(DBN)

Oregon’s Largest Natural Gas Company Said It Was Going Green. It Sells as Much Fossil Fuel as Before.
(DBN)

Stopping hurricanes is bold, risky and failed idea. Some want to try again.
(DBN)

Climate protesters are taking action against Big Oil. UK courts are handing them prison terms akin to rapists and thieves
(DBN)

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Autos:

One of the Nation’s Largest Auto Lenders Told Customers, “We’re Here to Help.” Then It Took Their Money and Their Cars.
(DBN)

What No One Tells You About Car Loan Deferments
(DBN)

Ford's CEO and CFO took a drive in a Chinese EV. What they said next reveals a lot about the state of the US auto industry.
(DBN)

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Celebs:

Warren Buffett’s children will receive $144B to give to charity upon their father’s death
(DBN)

Meet the 16 members of the $100 billion club — who are jointly worth more than Amazon or Google
(DBN)

Elon Musk is a National Security Risk
(DBN)

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Sovereigns:

Sovereign vs. Corporate Debt and Default: More Similar than You Think
(DBN)

El Salvador Bonds Soar After Bukele Signals Zero Deficit
(DBN)

Senegal Bonds Fall as IMF Sounds Warning Over Fiscal Deficit
(DBN)

IMF Plans Move on Costly Loan Penalties by October Meetings
(DBN)

Ghana’s biggest lender is not who you think
(DBN)

Political Parties of all Stripes are Pushing for Higher Government Spending
(DBN)

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UK:

Starmer Seeks Lessons From Italy Plan to Process Migrants Abroad
(DBN)

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EU:

Banks’ Private Credit Exposures Under Fresh Scrutiny From Eurozone Regulators
(DBN)

ECB Should Maintain Gradual Approach to Rate Cuts, Lane Says
(DBN)

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Canada:

Canadians still feeling the economic pain despite three early rate cuts
(DBN)

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Russia:

Putin Sought Mongolian Shaman's 'Blessing' on Using Nuclear Weapons: Report
(DBN)

Zelensky: Trump Ukraine statements are ‘election messages’
(DBN)

Zelenskyy was urged not to invade Kursk. He did it anyway.
(DBN)

Over 140 Fires Engulf Russian Region Bordering Ukraine: 'Apocalyptic'
(DBN)

Ukraine's F-16 Fleet Gets a Boost as NATO Ally Prepares New Batch of Jets
(DBN)

Russian Black Sea Fleet Flees Reserve Base Amid ATACMS Threat: Report
(DBN)

Russia's oil revenue has plunged as global crude prices tumble
(DBN)

West funding Putin’s soldiers with growing Russian fuel purchases, report warns
(DBN)

Russia War Map Shows Ukraine Carve Out New Incursion into Kursk
(DBN)

NORAD again tracks Russian military aircraft near Alaska coast
(DBN)

Estonia’s Central Bank Chief Slams IMF Plan to Re-Engage With Russia
(DBN)

Meta bans RT days after U.S. accused Russian outlet of disinformation
(DBN)

Ryan Routh’s support for Ukraine is a propaganda win for Moscow, at a very tricky time for Kyiv
(DBN)

Ukraine is extending its recruitment training period after reports of new recruits dying too quickly
(DBN)

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MENA:

Blinken heads to Egypt but not Israel with prospects for a Gaza ceasefire and hostage deal bleak Biden’s national security team has no imminent plans to present an updated ceasefire proposal
(DBN)

Economist warns: Israel's war costs could reach 10% of GDP, raising urgent challenges
(DBN)

The Crude System of Coded Messages Keeping Hamas’s Leader Alive
(DBN)

Israel says halting Hezbollah attacks is now a war goal as officials warn of a wider operation
(DBN)

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China:

China’s Deepening Slowdown Tests Xi’s Tolerance for Growth Miss
(DBN)

'Time is running out' for China to hit its growth targets, economist says
(DBN)

China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says
(DBN)

Where now for China after economy lost momentum ‘across the board’ in August?
(DBN)

China’s economy may be slowing, but Beijing isn’t budging
(DBN)

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Peru:

Petroperu Bonds Soar as Government Takes Over Debt Payments
(DBN)

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Brazil:

Brazilian mayoral candidate hits opponent with chair during TV debate
(DBN)

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Mexico:

Over 30 killed in Mexico cartel stronghold as violence rages after Sinaloa leaders detained in U.S.
(DBN)

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India:

Before We Sink! Strategic Tax Management of Distressed Firms Under Enhanced Creditor Protection: Evidence from Indian Bankruptcy Law
(DBN)

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Argentina:

Argentina economy forecast to extend recession in second quarter
(DBN)

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Slovakia:

Number of Personal Bankruptcies in Slovakia Down 20% Y-o-Y in August
(DBN)

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Cuba:

Cuba slashes size of daily bread ration as ingredients run thin
(DBN)

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