January 16, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Springs Retroactive Hours Requirement For Bonuses On Associates
(DBN)

Some Biglaw Firms Are Holding Partner Bonuses Hostage To Keep Them From Leaving
(DBN)

Historic U.S. News Law School Rankings Shakeup: Is Yale Law Out Of The Top Spot?
(DBN)

Big Accounting Is Coming To Biglaw
(DBN)

US Attorneys Out, Allies in: Trump Said to Plan Quick Swaps
(DBN)

Top UK Law Firms Capture M&A Deals Market Share Amid US Push
(DBN)

Can Law Firms Fine Attorneys For Not Taking Clients To Trial?
(DBN)

Quinn Emanuel Partner Tapped As Trump Org Ethics Counsel
(DBN)

Mythbusters: What do we really know about online law schools?
(DBN)

What's the forecast for generative AI in 2025?
(DBN)

ABA supports victims of California wildfires
(DBN)

Facebook Lawyer Ditches Client As Company Embraces Bigotry For Fun & Profit
(DBN)

Reducing Wildfire Risk Could Require Legal and Policy Change
(DBN)

DOJ pushes for select members of Congress to see Jack Smith's classified docs report Cannon 'lacks the authority' to halt second volume release of Jack Smith report, DOJ says
(DBN)

House Democrats press Merrick Garland to consider an unusual step to release the rest of Jack Smith's report
(DBN)

Jack Smith: How Trump Got Away With It
(DBN)

Takeaways From Jack Smith's Report on Trump
(DBN)

Mike Lindell Loses Some Of His Stuffing In Dominion Sanctions Order
(DBN)

Rudy Giuliani And His Lawyer Continue Their Courthouse Vaudeville Act Trial gets underway to determine fate of Rudy Giuliani's Florida home and his World Series rings Rudy Giuliani’s Florida condo, World Series rings on the line in latest trial Rudy Giuliani to be first witness at trial over whether he keeps Florida home and World Series rings
(DBN)

'Patriot' who vowed 'I will fight' on Jan. 6 is going to prison Army vet Jan. 6 rioter who blamed both sides after assaulting cops is going to prison
(DBN)

Judge repeatedly blows up at and mocks CNN's lead attorney during defamation case CNN defamation trial: Judge scolds CNN’s lead counsel, orders apology to plaintiff: ‘This isn’t kindergarten’
(DBN)

Nonprofit founded by Stacey Abrams to pay record Georgia fine for violating state campaign laws
(DBN)

Extreme Political Lawfare Is Deleterious To The Republic And Both Sides Need To Stop Using It
(DBN)

Woman charged with abuse of corpse after miscarriage waited 18 hours at hospital: Lawsuit
(DBN)

Suspect claimed he had to shoot man dead in self-defense because of his 'tone': Police
(DBN)

The Armed Homeowners Defying the Rules of L.A.’s Burn Zones
(DBN)

US-Mexico Border Encounters Declined In 2024 ICE records show Biden admin plans could give Trump a head start on deportations
(DBN)

Jeffrey Epstein’s Estate Got a $112 Million Tax Refund
(DBN)

FBI reveals New Orleans attacker's online search history, releases new image
(DBN)

Few US adults confident Justice Department and FBI will act fairly under Trump, AP-NORC poll finds
(DBN)

Attackers disguised as Amazon workers beat man, 66, with sledgehammer-type weapon
(DBN)

How a city worker stole over $53M in 22-year deception
(DBN)

‘Woke’ crusader called possible Luigi Mangione ‘copycat’ cuffed in NYC court after bizarre alleged threats to lesbian-bar workers
(DBN)

Mom locked 11-year-old son to basement oil tank for hours at a time while she worked: Cops
(DBN)

Aryan Brotherhood on trial: Prison gang leaders ordered 5 L.A. County murders, feds say
(DBN)

Mastercard agrees to $26M settlement over pay discrimination claims
(DBN)

Drake's Attempt To Parlay Rap Battle Loss Into Courtroom Success Results In Another Loss Drake Sues UMG for Defamation in Kendrick Lamar Song
(DBN)

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Judges:

Kirkland & Ellis Deeply Concerned Judge's Romantic Scandal Is Going To Blow Back On Them
(DBN)

The Supreme Court seems eager to curb First Amendment protections for p--- Alito asks if Pornhub has articles: 'Like the old Playboy?'
(DBN)

San Francisco courtroom clerks reach agreement over staffing, training issues
(DBN)

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Wall Street:

S&P 500 futures rise after benchmark posts best day since November
(DBN)

Goldman Sachs, JPMorgan Crush Views In Slew Of Bank Earnings
(DBN)

Short Seller Nate Anderson Says He’s Disbanding Hindenburg From market rout to bankruptcy, here's how Hindenburg shook some empires
(DBN)

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Layoffs:

Oil major BP to cut thousands of jobs in cost-saving drive
(DBN)

Spirit to lay off 200 employees, expects to emerge from Chapter 11 in Q1
(DBN)

Alamo Drafthouse initiates layoffs affecting corporate, theater staff
(DBN)

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Retailing:

Craft supplies retailer Joann declares bankruptcy for the second time in a year Fabrics and crafts chain Joann seeks buyer, files for bankruptcy again Gordon Brothers is stalking horse bidder in Joann’s latest bankruptcy
(DBN)

Crate & Barrel Says Ocean Carriers Failed to Honor Service Contracts
(DBN)

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Tobacco:

FDA proposes limiting cigarette nicotine levels Plan first floated under Trump White House Advances Last-Minute Push to Cut Nicotine in Cigarettes
(DBN)

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Healthcare:

Connecticut lawmakers promise help as hospitals struggle
(DBN)

Deal to reopen bankrupt Mercer County hospital unravels
(DBN)

CarePoint bankruptcy statement ‘inaccurate, misleading,’ NJ DOH says; debt at least $300 million
(DBN)

One Man’s Story About Fighting Cancer at One of Rhode Island’s Bankrupt Hospitals
(DBN)

How weight-loss drugs ended the era of “lifestyle changes”
(DBN)

What threats lurk in the smoke and ash of L.A. area fires? New health warnings
(DBN)

Surge in Americans getting sterilizations given states’ abortion laws
(DBN)

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Climate:

Bundle up, it’s going to feel like minus 40 once the coldest temperatures in a year arrive Temperatures to plummet from polar vortex-related Arctic blast
(DBN)

Dire fire warning for LA area pushed back as winds ease Firefighters report progress against LA blazes as winds pick up again Winds, arsonists complicate fight against LA-area wildfires as crews report progress 2 new arson arrests in separate incidents How hydroclimate whiplash contributed to the severity of California wildfires The Week LA Burned Livelihoods taken in an instant when Altadena residents lost both businesses and homes The Los Angeles wildfires are already among the worst ever Gavin Newsom Criticizes Republicans for ‘Politicizing’ California Wildfires How Americans are reacting to the Los Angeles wildfires Cal Fire official calls private firefighters 'extremely dangerous' Hollywood show goes on despite LA wildfire destruction The fiery and icy weather of the West and East Coasts is no coincidence Fire-Hit LA Residents to Get Help Under New Recovery Measures LA's Response to Wildfires Comes Under Increasing Scrutiny Why Incarcerated Firefighters Are Battling the L.A. Fires Hunter Biden artworks worth ‘millions of dollars’ destroyed in LA fires: source Portraits From the LA Wildfires: Older Adults Face Loss, Uncertain Futures but Still Find a Glimmer of Hope A long road to rebuilding and government funding fights await L.A. fire victims He left his LA-area home to cover the wildfires. But the flames were barreling toward his front door
(DBN)

Germany’s likely next chancellor vows to put economy before climate
(DBN)

Parts of USA could see temps 25 to 30 degrees below zero as cold front descends
(DBN)

Methane Leaks From Nord Stream Pipeline Blasts Revised Up: Studies
(DBN)

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Tech:

Early days for AI: Only 25% of enterprises have deployed, few reap rewards
(DBN)

Humanity Has Opened 'Pandora's Box Of Ills:' UN Chief
(DBN)

TikTok Plans Total US Shutdown As Ban Deadline Looms: Report TikTok preparing for U.S. Sunday shutdown How to download your TikTok data and videos in case the app goes dark TikTok Refugees in US Test Xi’s Firewall While Embracing Chinese Xiaohongshu Stake Sale Talks Value TikTok Rival at $20 Billion Most young people oppose TikTok ban, survey finds Trump is looking to save TikTok from potential ban, Waltz says Biden administration looks for ways to keep TikTok available in the U.S.
(DBN)

Quantum computing stocks rip higher on Microsoft’s ‘quantum-ready’ directive
(DBN)

Why the SEC's lawsuit against Musk is likely to last
(DBN)

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Autos:

How Nissan’s profits dropped 90% in one year
(DBN)

Defending Michigan’s Auto Industry, Whitmer Warns of Tariff Risks
(DBN)

L.A. fires have added another concern for potential EV buyers: power outages
(DBN)

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Utilities:

LA Water Department Sued Over Wildfire Response
(DBN)

Electrical Tower Eyed as Cause of Eaton Fire
(DBN)

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Seafood:

The Truth Behind The Alaskan Snow Crab Disappearance
(DBN)

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Economy:

US Consumer Inflation Rises in December But Underlying Pressures Ease US Consumer Inflation Rises To 2.9% In December Here’s the inflation breakdown for December 2024 These food prices are falling, even as inflation climbs CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts Inflation mixed but with encouraging signs in December, CPI shows
(DBN)

NPR shopped for 96 items at Walmart to track how prices are really changing
(DBN)

Trump's Treasury pick to tout "new economic golden age"
(DBN)

Credit Card Defaults at Record High
(DBN)

What if the Fed U-Turns and Raises Rates This Year? - WSJ
(DBN)

Fed Trio Express Confidence Inflation Will Continue to Slow
(DBN)

Your brain is lying to you about the “good old days”
(DBN)

DoubleLine’s Gundlach says the Fed looks like Mr. Magoo, focuses too much on ‘short-termism’
(DBN)

Trump’s Plan to Slash Federal Jobs Puts Black Workers at Risk
(DBN)

Trump's Policies Won't Push Up Inflation, Economic Advisor Says
(DBN)

A tariff on Canada would be self-inflicted damage for America
(DBN)

Wars top global risk as Davos elite gathers in shadow of fragmented world
(DBN)

Jeffries: With narrow margin, House GOP can’t ‘pass anything close’ to bill Johnson floating
(DBN)

Even Harvard M.B.A.s Are Struggling to Land Jobs - WSJ
(DBN)

There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon
(DBN)

The GOP attack on the safety net and middle-class programs begins to take shape
(DBN)

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?
(DBN)

Biden’s Trade Chief Warns Trump Not to Rely on Tariffs for Revenue
(DBN)

Canada Readies Tariffs on $105 Billion of US Products If Trump Hits First
(DBN)

Anger in Canada, Mexico Over US Toxic Waste
(DBN)

Top business group: Yes to deregulation, no to blanket tariffs
(DBN)

Trump's tariffs could hit his big corporate donors
(DBN)

Appeals Courts Limit Employers' Scrutiny of Religious Beliefs
(DBN)

CEOs can say whatever they want now
(DBN)

The new risks under Trump that preoccupy CEOs
(DBN)

Which companies are rolling back DEI and which are standing firm
(DBN)

Biden warns against extreme wealth and rise of "tech industrial complex"
(DBN)

GOP blowing deadline on spending talks
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Real Estate Vultures Target Middle-Class Enclave of Ravaged LA
(DBN)

LA mayor issues housing executive order
(DBN)

How LA Wildfires Torched California’s Insurance Market
(DBN)

What happens if CA FAIR Plan goes bankrupt? Here's how it could affect policyholders
(DBN)

Exclusive data shows which home insurers have most policies in L.A. fire areas
(DBN)

California Home Insurers That Denied The Most Claims
(DBN)

California Adds More ZIP Codes to Insurance-Cancellation Ban
(DBN)

How to Get a Mortgage Rate Under 3% in 2025
(DBN)

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Oil/Gas:

US Sanctions May Impact Russian, Iranian Oil Supplies: IEA
(DBN)

Are Biden and Trump at Odds on Global Energy Strategy? Maybe Not So Much.
(DBN)

Trump's Energy pick pressed on climate change in Senate confirmation hearing
(DBN)

Trump's "drill, baby, drill" problem
(DBN)

Goldman Warns on Oil and Global Risks
(DBN)

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Municipalities:

From bankruptcy to bounce back: Inside Detroit's transformation
(DBN)

Larry Fink Said Rebuilding Los Angeles Could Take Up to a Decade
(DBN)

Los Angeles Mayor Karen Bass faces mounting backlash over wildfire response Ex-US attorney says Bass bears ‘ultimate responsibility’ for failures in fire response LA Mayor Karen Bass Attended Ghana Cocktail Party as Wildfires Erupted
(DBN)

Washington, D.C. outranks all 50 U.S. states as the best place to retire, new data finds—here’s why
(DBN)

Puerto Rico asks Trump for help after Venezuela’s Maduro threatens invasion
(DBN)

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Entertainment:

Trans woman nominated for leading actress film Bafta for first time
(DBN)

As Los Angeles burns, Hollywood's Oscar season turns into a pledge drive
(DBN)

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History:

How Land Reshuffling Made the American West’s Racial Divide
(DBN)

Justice Dept. corrects legal record on ‘systematic’ Tulsa Race Massacre
(DBN)

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Edtech:

The Downfall of India’s Hot Startup Is Wiping Out US Debtholders
(DBN)

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Politics:

Nobel economist Paul Krugman says Trump's policies will leave his blue-collar base feeling 'brutally scammed'
(DBN)

Here are 11 things Trump has promised to carry out on Day 1 of his presidency
(DBN)

Trump’s outsider Cabinet picks are rapidly gaining support for confirmation
(DBN)

Gabbard Charm Offensive Draws Skepticism From GOP Senators By Targeting Hegseth, Democrats Open a Path for Gabbard
(DBN)

Trump Unveils His White House Blacklist
(DBN)

AG nominee Pam Bondi won’t say that Trump lost 2020 election Bondi gets into testy exchange with Padilla during questioning over 2020 election Bondi Vows DOJ Won’t Have ‘Enemies List’ Under Her Watch How one of Trump's most controversial allies became one of his safest Cabinet picks Bondi in her confirmation hearing says Trump was ‘targeted’ by Justice Department investigations Pam Bondi Grilled Over Defying Trump Senate Dems spent Pam Bondi’s hearing talking about one guy. (No, not Trump.) Bondi won’t say if she’ll investigate Jack Smith Trump's attorney general pick echoes claims prosecutions were political
(DBN)

Democrats disappoint yet again at Hegseth confirmation hearing Democrats fail to land decisive blow against Hegseth Hegseth’s defense: Deny, blame and shrug 5 Questions Pete Hegseth Dodged in Hearings Seven wild moments from Hegseth’s hearing Hegseth supports women in combat, so long as they meet the same standards as men Hegseth weathers grilling to emerge largely unscathed
(DBN)

John Ratcliffe, Trump’s CIA pick, tells senators the agency is ‘not where we’re supposed to be’ Ratcliffe pledges to keep politics out if confirmed as CIA Director
(DBN)

Trump team asks three US senior career diplomats to resign, sources say
(DBN)

What we’re watching: Six nominees get their hearings
(DBN)

Rubio pressed on Trump’s foreign policy goals at confirmation hearing Rubio’s not terrible, no drama, very cordial day
(DBN)

Michelle Obama signals she’s done with Trump Michelle Obama Has a Good Reason to Skip Donald Trump's Inauguration
(DBN)

Donald Trump Shares Fake Barack Obama Chat Video from Carter's Funeral
(DBN)

No More Mr. Tough Guy on China
(DBN)

Mark Zuckerberg hosting reception for Trump
(DBN)

Here are the confirmed attendees at Trump’s inauguration Trump inauguration ‘potential target’ for threats, agencies warn
(DBN)

In Greenland, a cold shoulder for Trump, but curiosity about U.S. ties The deeply American roots of Trump’s imperial ambitions Trump Discussed Greenland Interest in Call With Danish PM Greenland must make its own choice on independence, Danish PM tells Trump in call
(DBN)

Flags ordered to fly at full-staff on Inauguration Day in multiple states
(DBN)

GOP to California: Build back better
(DBN)

MAGA’s Demon-Haunted World
(DBN)

Biden Warns America's 'Soul' At Stake As Trump Comeback Looms In farewell speech, Biden warns an 'oligarchy' in America is threatening democracy Five things to know about Biden’s farewell address that also served as a warning to the country Biden takes aim at 'tech industrial complex,' echoing Eisenhower Biden jabs at Trump in farewell address, but pledges peaceful transition
(DBN)

Senate GOP plots to erase Biden's final moves
(DBN)

Other World Powers More Upbeat On Trump Than Europe: Poll
(DBN)

Ramaswamy and DeWine met to discuss Ohio Senate appointment
(DBN)

Cuomo's political prospects looking up as New Yorkers back him for mayor Cuomo has nearly $8M in his warchest
(DBN)

Jill Biden shares disappointment with Pelosi: ‘We were friends for 50 years’
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

NY: Bankruptcy filings spiked across region in 2024
(DBN)

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Mass Torts:

J&J Talc Group's Bid to Hire Big Law Firms Prompts DOJ Challenge
(DBN)

More than $5 billion spent on Catholic sexual abuse allegations, new report finds
(DBN)

Clergy abuse survivors react to New York diocese's bankruptcy settlement
(DBN)

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Venue:

Companies From Afar Tap Houston Bankruptcy Court Despite Minimal Local Ties - WSJ
(DBN)

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Aviation:

Jeff Bezos’ Blue Origin launches massive New Glenn rocket on first test flight and reaches orbit Blue Origin’s first New Glenn rocket reaches orbit, misses booster landing
(DBN)

Passenger Flying to Boston Dies Onboard Plane
(DBN)

DOT sues Southwest, fines Frontier Airlines over chronic flight delays
(DBN)

Southwest Airlines pilot accused of DUI is arrested at Georgia airport before flight
(DBN)

Texas and Hawaii residents are outraged over SpaceX's new Starship ambitions
(DBN)

Cop sues American Airlines over wife-trafficking allegation made during honeymoon flight
(DBN)

United Flight Declares Emergency After Hitting Coyote
(DBN)

Russia plotted terror attacks on airlines around the world, Poland’s Tusk says
(DBN)

Azul, Gol inch closer to potential tie-up to form major Brazil airline Brazil's Gol releases new five-year plan ahead of Chapter 11 exit
(DBN)

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Food/Beverage:

US Will Ban Cancer-Linked Red Dye No. 3 in Cereal And Other Foods
(DBN)

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Student Debt:

Cohen reintroduces bill allowing private student loan bankruptcy Congressmen Cohen, Davis and Swalwell Reintroduce the Private Student Loan Bankruptcy Fairness Act
(DBN)

Biden forgives $4.5 billion in student debt for 261,000 borrowers who attended now-defunct Ashford University
(DBN)

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Banking:

Big US Bank Profits Surge as Biden Era Comes to a Close
(DBN)

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Comic Books:

A Few Thoughts on The Diamond Bankruptcy
(DBN)

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Education:

Some UArts buildings sold out of bankruptcy. Here’s what’s left on the auction block in Philly
(DBN)

Banning cellphones in schools gains popularity in red and blue states
(DBN)

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Newspapers:

Hundreds of WaPo staffers pen letter to owner Bezos
(DBN)

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Agribusiness:

LA fires wreak havoc on farmers and agriculture
(DBN)

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Consumer Finance:

Cash-poor Americans paid tens of billions in junk fees to borrow money last year
(DBN)

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UK:

When forfeiture doesn't (We)work: High Court prevents landlord from forfeiting WeWork UK flagship based on insolvency grounds
(DBN)

Councils warn of cuts to services under new Labour grant rules
(DBN)

Taxpayers set to pay to bail out 'effectively bankrupt' council for next 20 years
(DBN)

____________

EU:

Europe's Must Boost Defence, 'Holiday Is Over': Finnish President
(DBN)

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Austria:

Austria’s Kickl brings Europe’s anti-populist firewall crashing down
(DBN)

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Switzerland:

Bankrupt debtors to get second chance in Switzerland
(DBN)

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Germany:

German Economy Shrinks Again Amid Political Crisis Germany's Economy Shrinks for Second Year
(DBN)

Fake deportation plane tickets put through post boxes of migrant families
(DBN)

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Singapore:

Bill passed in Parliament to revamp and make permanent Simplified Insolvency Programme to support financially distressed companies
(DBN)

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Russia:

Russian Inflation At 9.5% In 2024: Statistics Agency
(DBN)

Putin Allies Scramble as Russians Fret Losing All Their Money
(DBN)

Russia's Biggest Exports Could Soon Face Full Embargo in Europe: Report
(DBN)

US steps up Russia sanctions, placing threat of more sanctions on businesses partnering with Russia
(DBN)

U.K.’s Starmer visits Ukraine to pledge support amid Russian air raid
(DBN)

Rubio Calls For 'Bold Diplomacy' To End Ukraine War Rubio Aims to Take on the Axis of Anger: China, Russia, North Korea and Iran
(DBN)

Buy Ukraine Weapons With $250 Bn Of Frozen Russian Assets: Zelensky
(DBN)

Ukraine fired a barrage of its most advanced weapons at Russia, a show of strength before Trump takes power
(DBN)

Indians lured to Russia are dying on the front lines in Ukraine
(DBN)

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Bahamas:

China Construction America accuses former Baha Mar partner of trying to create chaos in ongoing legal dispute
(DBN)

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MENA:

Families Of Palestinian Prisoners Cautiously Hopeful Ahead Of Gaza Deal Israel delays ceasefire vote claiming Hamas created a 'crisis;' Hamas says it is committed to deal Dozens reported killed in Israeli strikes on Gaza ahead of ceasefire coming into force Netanyahu says ‘last minute crisis’ with Hamas holding up approval of Gaza truce and hostage deal Qatari and Hamas officials say a ceasefire has been reached to pause Israel's war in Gaza and release dozens of hostages Biden says Americans will be among Gaza hostages released, refuses to credit Trump in sealing deal: ‘Is that a joke?’ How two feuding presidents combined to get a Gaza deal What we know about the Israel-Hamas ceasefire — and what it means for Gaza
(DBN)

Health Ministry In Hamas-run Gaza Says 62 Killed In 24 Hours
(DBN)

UNRWA Chief Vows To Continue Aid To Palestinians Despite Israeli Ban
(DBN)

Israel supplied Iran with centrifuge platforms containing explosives, top official acknowledges
(DBN)

Iran eyes China to avoid nuclear sanctions
(DBN)

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China:

China's Economy Seen Slowing Further In 2024: AFP Survey
(DBN)

Renewed US Trade War Threatens China's 'Lifeline'
(DBN)

____________

Mexico:

5 shot dead in town south of Mexico's capital; body parts found in Gulf coast region
(DBN)

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France:

French Government to Limit Levy on Firms, Focus on Taxing Rich
(DBN)

Cocaine Use in France Doubles on Work Pressures
(DBN)

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Cuba:

Cuba starts freeing prisoners a day after the US said it would lift terror designation
(DBN)

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Australia:

The LA fires have prompted a reckoning for the insurance industry – Australian premiums could soar as a result
(DBN)

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South Korea:

Debt relief isn’t enough: South Korea’s struggling companies find no takers
(DBN)

Cold cereal and a blanket on the floor: How South Korea is holding a president
(DBN)

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