January 22, 2025

The Daily Bankruptcy News

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Law:

Women Soar To Exciting New Heights When It Comes To Law School Enrollment
(DBN)

Penn Law is quicker to discipline whites than minorities, controversial prof alleges in lawsuit
(DBN)

Harvard settles lawsuits over antisemitism on campus
(DBN)

Otterbourg Appoints 2 Restructuring Attorneys As Equity Members; 2 Others Promoted To Counsel
(DBN)

Stradley Ronon Expands Bankruptcy and Restructuring Practice with New Partner
(DBN)

Rion M. Vaughan Joins Rubin and Rudman's Bankruptcy and Creditors' Rights Practice Group
(DBN)

Trump Picks FTX Prosecutor as Interim Manhattan US Attorney
(DBN)

Careless Generative AI Use Puts Attorney-Client Privilege at Risk
(DBN)

Reclaiming Joy In Law: Lessons On Purpose And Happiness
(DBN)

More Biden officials land law firm jobs as Trump takes office
(DBN)

Kirkland & Ellis Taps Nationally Renowned Trial Lawyer Alli Brown to Launch New Philadelphia Office
(DBN)

Yet Another Biglaw Firm Closes Up Shop At One Of Its China Offices
(DBN)

Troutman Pepper Locke Navigates Sticky Conflict After Merger
(DBN)

King & Spalding completes merger with Saudi Arabia’s Al Fahad & Partners
(DBN)

"F--k it: Release 'em all": Why Trump embraced broad Jan. 6 pardons GOP Senate resistance hits Trump over Jan. 6 pardons Trump defends pardons for rioters and suggests Proud Boys could have place in politics Trump’s Jan. 6 pardon order ‘flies in the face of the facts’ of violent insurrection, retired federal judge explains Full List of Republicans Breaking With Trump on January 6 Pardons ‘QAnon Shaman’ says he’s buying ‘motha f---in guns’ after Trump pardon Jan. 6 Defendant Turns Down Pardon From Donald Trump for Capitol Riot Oath Keepers, Proud Boys leaders out of prison after Trump Jan. 6 pardons The most notorious Jan. 6 defendants pardoned by Trump ‘Stop the Steal’ leader is filing motions to dismiss J6 charges — as acting U.S. attorney Can pardoned Jan. 6 rioters get records scrubbed or seek compensation? Lawyer explains Trump's sweeping pardon of Capitol rioters angers dead police officer's family They assaulted cops and tried to overturn an election. What to know about Trump’s mass pardons for January 6 rioters GOP senator raises major red flags about Trump MAGA rioter pardons ‘Shock and awful’: Van Jones reacts to Trump’s pardon of January 6 perpetrators Trump's pardons will embolden Proud Boys, other far-right groups, say experts DC officer assaulted on January 6 reacts to Trump saying he’s a friend of the police Police union that endorsed Trump blasts Jan. 6 pardons Man Who Stomped on Officers' Heads Among Jan. 6 Prisoners Pardoned by Trump
(DBN)

Trump announces pardon for Silk Road founder Ross Ulbricht, vacating life sentence Trump Pardons One of US' Biggest Drug Dealers Why Trump Pardoned ‘Silk Road’ Founder Ross Ulbricht
(DBN)

Trump and Biden Find Common Ground in Abusing Their Pardon Powers
(DBN)

Lawsuits are pouring in to try to stop Trump's executive orders Trump’s executive orders already face pushback, legal challenges Trump's Illegal First-Day Executive Actions
(DBN)

Trump shuts down US-Mexico border for asylum seekers, leaving migrants in limbo Trump's bid to label Mexican cartels 'foreign terrorists' poses risks to companies, migrants Trump after declaring cartels terrorist organizations: ‘Mexico is not going to like it’ Trump scraps guidance limiting immigration arrests near sensitive locations ICE can raid churches and schools to arrest immigrants under new policy Trump administration says it is reinstating 'remain in Mexico' program ‘No question there’s going to be family separation,’ immigrant rights advocate says Now that Trump has terminated CBP One, what options do migrants and asylum seekers have?
(DBN)

Democratic states sue over Trump’s bid to end birthright citizenship Trump's Own Cabinet Would Have Been Harmed by Birthright Citizenship Move States, civil rights groups sue to stop Trump’s birthright citizenship order The ACLU's Strategic Play In The Birthright Citizenship Case Reminder: Attacks On Birthright Citizenship Are White Nationalist Propaganda Masquerading As Law-Talkin' Every Time Someone Compares Biden's ERA Statement To Trump's Birthright Citizenship Order An Angel Has Its Wings Ripped Off
(DBN)

Judge Aileen Cannon says Justice Department can’t share Trump classified documents report with Congress Cannon slams DOJ's 'urgent desire' to release Jack Smith's Mar-a-Lago Trump docs report
(DBN)

Biden's clemency for activist Peltier 'as good as freedom'; blasted by FBI director
(DBN)

'Doesn't get more cruel': Man stabs hired driver 59 times over a 'small amount of money'
(DBN)

Drunk woman mowed down pedestrians on sidewalk, victim tried pushing friend to safety
(DBN)

Man 'bludgeoned' his wife to death with a hammer after he 'lost it': Police
(DBN)

Fire chief gunned down on country road after he tried to help a couple who hit deer: Cops
(DBN)

Woman carrying pouch that said 'Definitely not a bag full of drugs' busted for meth: Cops
(DBN)

Woman driving over 100 mph killed sister, 6-year-old girl on way to birthday party: Cops
(DBN)

As if LA officials don’t have enough on their plates, they have another problem: Arsonists
(DBN)

Supreme Court revives case of death row inmate who says she was ‘sex-shamed’ at trial Thomas unbothered by trial of 'Jezebel' on Oklahoma death row referred to as 'slut puppy'
(DBN)

Elephants can’t pursue their release from a Colorado zoo because they’re not human, court says
(DBN)

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Judges:

Ketanji Brown Jackson Wears Protection From Evil At Trump's Inauguration
(DBN)

Federal judge fed up with ‘fiddle-faddle’ requires lawyers to meet for lunch; how did it go?
(DBN)

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Wall Street:

S&P 500 and Nasdaq futures rise
(DBN)

Trump's first day in office gets mixed reception from US stocks
(DBN)

Goldman Picks Leaders to Run Wall Street Engines in Revamp
(DBN)

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Layoffs:

Yellow settles 2 classes of WARN claims
(DBN)

Laid-Off Workers Demand Severance Pay from Equity Firms Behind Toys "r" Us Bankruptcy
(DBN)

Stripe lays off 300 employees, mostly in product, engineering, and operations Stripe accidentally sent an image of a duck when notifying some employees they were getting laid off
(DBN)

Brevan Howard Cuts 7% of Hedge Fund Trading Staff Globally
(DBN)

Grinnell Window Plant Set to Layoff Nearly 300
(DBN)

Blue Cross Blue Shield of Michigan offers 700 buyouts
(DBN)

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Awards:

GRR 100 2024
(DBN)

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Food/Beverage:

How TGI Fridays Lost Its Flair
(DBN)

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Media:

Can Conservative Media Survive Trump’s Presidency?
(DBN)

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Defaults:

Proskauer Announces Q4 Private Credit Default Rate of 2.67%
(DBN)

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Rail:

AAR: Rail Carloads Down YoY in 2024, Intermodal Up
(DBN)

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Healthcare:

Trump Changes Health Care Enrollment for 24 Million People: Who's Impacted
(DBN)

How desk jobs are locking workers into decade-long sleep problems
(DBN)

My therapist is a bot: The rise of AI in mental health treatment
(DBN)

Trump administration directs federal health agencies to pause communications
(DBN)

GOP lawmakers coy on Medicaid cuts for tax extension
(DBN)

Virus season roars back with "quad-demic" of illness
(DBN)

U.S. exit from the WHO may hamstring global health
(DBN)

A federal website on reproductive rights has vanished
(DBN)

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Entertainment:

Netflix price increase leaves fans furious with monthly rate spiking as high as $25 after surge in new users
(DBN)

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Religion:

Pope Francis dissolves influential Peruvian Catholic group after investigation found ‘sadistic’ abuses
(DBN)

Pope Francis congratulates Trump but calls mass deportation plan a "disgrace"
(DBN)

Video Shows Trump Confronted on Immigrants, Transgender Kids at Cathedral Donald Trump Hits Out at Bishop Who Confronted Him: 'Very Ungracious'
(DBN)

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Personal Finance:

A Gen Xer shares the benefits of supercommuting 8 hours weekly for a part-time job while keeping his full-time role
(DBN)

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Ride Hailing:

Uber Driver's Wild List of Rules for Passengers Goes Viral: 'No Exceptions'
(DBN)

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Agribusiness:

Iowa paid $2.3 million to ‘depopulate’ 1.3 million chickens abandoned by bankrupt poultry company
(DBN)

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Wind Energy:

Renewable giants shrug off Trump’s anti-wind policies: ‘Electrification is absolutely unstoppable’
(DBN)

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Bankruptcy Crimes:

Chinese National Sentenced for Bankruptcy Fraud and Violations of Federal Controlled Substances and Federal Gun Control Acts
(DBN)

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Economy:

Trump reiterates Feb. 1 tariff deadline, muddying timeline for trade action Trump says he’s considering a 10% tariff on China beginning as soon as Feb. 1
(DBN)

Krugman: Voodoo Trade Policy Comes to America
(DBN)

US fiscal path unsustainable despite improved budget forecasts, says DoubleLine
(DBN)

Benchmarking the U.S. economy
(DBN)

Egg shortages, higher prices spike as bird flu grows
(DBN)

Trump Treasury secretary nominee won’t support raising minimum wage
(DBN)

The states with the highest median pay
(DBN)

Milei ‘The Madman’ Is Back in Davos After Racking Up Victories in Argentina
(DBN)

The 11 tribes of Davos
(DBN)

Banks running Trump 'war rooms' as bosses prepare for trade ructions
(DBN)

White House orders government DEI employees to be placed on leave
(DBN)

Union leaders say Trump requiring federal employees to return to the office is a bad idea
(DBN)

Trump brings DOGE inside the White House
(DBN)

Trump's mass deportation plan could drain more than $20 billion a year from Social Security
(DBN)

Charted: The World Has Passed ‘Peak Child’
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0.47% in December
(DBN)

US mortgage rates see first drop in six weeks, falling to 7.18%
(DBN)

I’m an economist. Here’s why I’m worried the California insurance crisis could trigger broader financial instability Insurers Were Right About California’s Wildfires California Needs New Wildfire Risk Models, Says Researcher
(DBN)

3rd Look at Local Housing Markets in December
(DBN)

Austin Home Price Drops 50% as Texas Housing Market Cools
(DBN)

1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006
(DBN)

Housing Jan 20th Weekly Update: Inventory Up 1.2% Week-over-week, Up 24.8% Year-over-year
(DBN)

Trump says he can cut the cost of buying a home. Here’s the reality behind that
(DBN)

Trump housing policy taking shape
(DBN)

I'm a lawyer who's recovered large insurance claims. Here's my advice for fire victims looking to get paid out of their insurance.
(DBN)

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Municipalities:

Cle Elum and City Heights to discuss alternatives to bankruptcy
(DBN)

Some Isleton city staff, entire fire department laid off as bankruptcy looms
(DBN)

Fitch places Los Angeles and its city utility on rating watch negative
(DBN)

Huntington Beach Declares Itself 'Non-Sanctuary City'
(DBN)

The $823 billion tax bomb threatening America's communities
(DBN)

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Oil/Gas:

Vertex Energy, Inc. Successfully Emerges From Chapter 11 With Renewed Sustainable Capital Structure
(DBN)

Oil Majors Borrow Billions for Buybacks as Production Wanes
(DBN)

Oil falls as Trump's plan to boost US oil output takes shape
(DBN)

Trump plots a return to fossil fuel expansionism
(DBN)

Donald Trump Targets Alaska's Oil and Gas: 'Drill, Baby, Drill!'
(DBN)

Trump is taking aim at electric vehicles. He may not have the power to change things all that much Trump Orders Removal of EV-Favoring Policies and Subsidies
(DBN)

Warren Buffett Company Shuts Down International Oil Trading Operations
(DBN)

Oil and Gas Companies Should Pay for the Los Angeles Fires
(DBN)

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Footwear:

Sneakersnstuff Files for Bankruptcy After Closing U.S. Stores
(DBN)

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Politics:

‘He’s at the Apex of Power Now’: A Preview of Trump’s Second Term
(DBN)

'You're fired!' Trump tells Biden appointees, who say they already quit Trump says Mark Milley and José Andrés are "FIRED!"
(DBN)

The Pentagon isn't explaining why it removed Mark Milley's portrait as Trump took office
(DBN)

Donald Trump’s Inauguration TV Viewership Falls From 2021 And 2017 Donald Trump's Inauguration TV Ratings Compared to Joe Biden's Middle Aged and Young People Tuned It Out
(DBN)

Donald Trump Is at War with America
(DBN)

Trump starts new term with 47% approval; Jan. 6 pardons unpopular, Reuters/Ipsos poll finds
(DBN)

Trump picks fights with his party Republicans struggle to answer for Trump’s pardon of January 6 defendants just hours into his presidency
(DBN)

Why Trump’s two days in the White House already feel like a full term
(DBN)

Aiming to weaken US foes, Trump faces an 'unholy alliance'
(DBN)

Trump defends his TikTok flip flop: America has ‘bigger problems’ than young kids’ privacy
(DBN)

Trump Shows He Is on Competing Quests for a Legacy and Revenge
(DBN)

New WH press secretary takes over; 27 years old
(DBN)

Inauguration prayer service’s pastor asks Trump to ‘have mercy’ on transgender kids, immigrants
(DBN)

Trump signs executive order recognizing only 2 sexes
(DBN)

Trump fires first woman to head a U.S. military service First female Coast Guard commandant ousted
(DBN)

Elon Musk’s ‘Nazi’ salute sparks fury from Europe’s left wing House Antisemitism Chair Flags Elon Musk's Salute as 'Support for Hitler' ADL says ‘awkward’ Musk gesture ‘not a Nazi salute’: ‘This is a delicate moment’
(DBN)

Trump fires 4 Biden appointees, including his own former Iran envoy
(DBN)

Russia warns Trump against seizing Panama Canal The Panama Canal is in the eye of the storm
(DBN)

Greenland’s PM looks to meet with Trump
(DBN)

Gulf of America: The messy geopolitics of renaming things Sheinbaum: To the World, It's Gulf of Mexico
(DBN)

Trump executive order threatens fate of Afghan refugees who helped the US, advocate warns
(DBN)

Xi and Putin vow to deepen ties as Trump’s return sparks anxiety
(DBN)

Senators receive affidavit containing new allegations against Pete Hegseth, who denies the claims Hegseth Routinely Passed Out from Alcohol Abuse, Witness Says Pete Hegseth’s former sister-in-law alleges abuse against second wife in affidavit to Senate
(DBN)

Files detail bid to contain fallout from Tulsi Gabbard meetings with Assad Tulsi Gabbard went MAGA. Now she's raking in cash.
(DBN)

Trump-state Democrats create surprise opening for Senate GOP
(DBN)

Trump's early marching orders for Thune and Johnson
(DBN)

The Myth of Opportunity Has Broken America
(DBN)

____________

Crypto:

'General level of disgust': Crypto insiders reveal Trump's 'scam' to 'enrich himself' Trump’s embrace of meme coin sours mood in crypto industry Experts alarmed by Trumps’ crypto meme coins: ‘America voted for corruption’ Trump’s meme coin is a reminder of crypto’s dumbest use case
(DBN)

‘Elon-Hitler’ meme coin launches in wake of salute controversy
(DBN)

Cryptocurrency financial firm to plead guilty after novel FBI probe
(DBN)

Wall Street regulator forms cryptocurrency task force SEC Launches Crypto Task Force Led By ‘Crypto Mom’ Hester Peirce
(DBN)

____________

Retailing:

Books Inc. files for Chapter 11 bankruptcy, closing Berkeley store
(DBN)

JCPenney is trying to reinvent itself — again
(DBN)

Bloomingdale's Closing San Francisco Store as City Faces Retail Exodus
(DBN)

____________

Aquariums:

Troubled chain of SeaQuest aquariums up for sale with $80,000 asking price
(DBN)

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Fraud:

Citigroup must face New York lawsuit over fraud scams
(DBN)

____________

Student Debt:

This student loan relief may be most at risk under the Trump administration, experts say
(DBN)

Student Loan Debt to Increase Under Republican Proposals: What to Know
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy filings are on the rise — what mid-market firms need to know
(DBN)

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Bankruptcy Strategy:

ABCs & Bankruptcy, Part 2: Complementary, Not Competing Processes
(DBN)

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Consent:

DOJ watchdog says silence is not 'consent' in Container Store bankruptcy
(DBN)

____________

Receivers:

Secured lenders: keeping your receiver in the driver’s seat during bankruptcy
(DBN)

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Aviation:

Global airlines in talks with Brazil's Gol as part of bankruptcy exit, reports local media
(DBN)

FTAI Aviation shares sink following investigation into short-seller claims
(DBN)

Bush, Hobby Airports to reopen Wednesday after snow, sleet prompts shutdown
(DBN)

Trump Fires Head of TSA, Guts Aviation Board
(DBN)

EU regulator backs away from allowing lone pilots to fly airliners
(DBN)

SpaceX had to abandon a rocket launch 11 seconds before liftoff over fears a plane flew into the launch area
(DBN)

____________

Pharma:

Trump rescinds Biden order aimed at lowering prescription drug prices
(DBN)

Fact Check: Did Trump Raise Prescription Drug Prices?
(DBN)

Trump's tariffs' possible side effects include making pain relievers and antibiotics more expensive
(DBN)

It's about to get a lot harder to buy knock-off Ozempic A woman regained weight after she stopped taking semaglutide. Now she works 2 jobs to afford it.
(DBN)

____________

Tech:

OpenAI product chief says world is "on the verge" of AI agents
(DBN)

Anthropic CEO says AGI is a marketing term and the next AI milestone will be like a 'country of geniuses in a data center'
(DBN)

A Chinese startup just showed every American tech company how quickly it's catching up in AI
(DBN)

Trump signs order delaying TikTok ban: What happens now? Trump Claims To Un-Ban TikTok By Fiat, But Tech Platforms Worry That Actual Law May Still Apply TikTok app unavailable on Apple, Google stores in US despite Trump delaying ban Elon Musk or Larry Ellison could buy TikTok, Trump says Kevin O’Leary says he would ‘love to do a TikTok deal,’ but the law prevents it
(DBN)

Trump announced $500B investments in AI infrastructure development The facts about Trump’s Stargate AI announcement Sam Altman says Trump's Stargate will allow AGI to be built in the US and create hundreds of thousands of jobs
(DBN)

Trump tech forecast: turbulence
(DBN)

Instagram hides search results for 'Democrats'
(DBN)

Cheap, smart, deadly. The tech industry pitches a new way to wage war.
(DBN)

____________

Education:

Should arts buildings remain in the arts community in the case of bankruptcy? The sale of UArts’ assets may hinge on the answer.
(DBN)

SCOTUS will decide whether schools can require LGBTQ-themed books at story time with no opt-outs
(DBN)

Gov. Hochul Says New York Teachers Can't Compete With Cellphones
(DBN)

____________

Climate:

Historic snow, ice storm threatens gridlock, power outages from Texas to Florida Historic snow amounts are falling in Florida, Louisiana and Texas as a once-in-a-generation storm hits First-ever Blizzard Warning issued along Gulf Coast Snow blankets Bourbon Street Historic winter storm leaves Gulf Coast beaches under a blanket of snow Ports in Texas limit activity amid cold weather Pensacola snow storm photos show what the city looks like in a 5-inch blanket of snow Historic snowstorm shuts down travel for millions from Texas to Florida Unprecedented winter storm paralyzes Gulf Coast with heavy snow and ice At least 9 reported dead in brutal cold as historic snow falls in once-in-a-generation storm in the South Winter storm that dropped record-breaking snow in New Orleans spreads into Florida and the Carolinas
(DBN)

Chicago's Dangerous Cold Weather Is 'Astonishing' Break From History
(DBN)

Philadelphia Warned of Hypothermia, Frostbite as Record-Breaking Cold Hits
(DBN)

Dangerous winds threaten Southern California as firefighters bat down new wildfires
(DBN)

Global climate finance alliances at risk as top lenders pull out Banks Ditch Net Zero as Climate Alliances Crumble
(DBN)

America's second Paris withdrawal is not like the first
(DBN)

____________

UK:

Business insolvencies fell by 5% in 2024 Personal Insolvencies Jumped By 14% Annually In 2024 Across England And Wales
(DBN)

Thames Water creditors confronted with alternative plan to dreadful bailout
(DBN)

UK borrowing rises unexpectedly as Rachel Reeves claims 'country's finances are in order' following Budget
(DBN)

Elon Musk to fund UK far-right ringleader Tommy Robinson’s legal fight, supporters claim
(DBN)

Prince Harry's Murdoch Press Trial in Chaos Over 'Massive Offer' Prince Harry ‘very close’ to settlement with Sun publisher Prince Harry: Jeff Bezos' CEO Masterminded Hacking Cover-Up Prince Harry settles lawsuit with Murdoch papers after apology Rupert Murdoch’s UK tabloids offer a rare apology in a legal settlement with Prince Harry
(DBN)

____________

EU:

EU tells Trump’s America: We have other options
(DBN)

Zelenskyy excoriates Europe in Davos speech
(DBN)

Trump halt on offshore wind power leases hits European companies
(DBN)

Brussels holds its breath for Trump’s first move
(DBN)

Visualizing Europe’s Dependence on Chinese Resources
(DBN)

____________

Canada:

2024 Notable Cases (Part 5) – Supreme Court Clarifies Bankruptcy Treatment of Securities Penalties and Disgorgement Orders
(DBN)

Loonie Nears Covid-Era Low as Trump Signals Looming Tariffs
(DBN)

Trump Tariff Threats Widen Gap Between US, Canada Oil Stocks
(DBN)

Alberta government lifts coal mining moratorium, critics say it's 'open season'
(DBN)

____________

Ireland:

Forbearance, jobs, and economic growth: Why Ireland’s corporate insolvency rate is staying low
(DBN)

____________

Russia:

Trump: Putin is ‘destroying’ Russia Putin’s ‘not doing so well,’ says Trump in unusually critical remarks on Kremlin leader
(DBN)

Putin on the brink as Russian collapse 'happening right now' amid fears of nuclear chaos
(DBN)

Trump misses his own deadline to end Ukraine war Desperate for peace, Ukraine embraces Trump As Trump takes office, one of Russia's wary neighbors says a Ukraine peace deal should come this year
(DBN)

New Secretary of State Rubio says US will work to end war in Ukraine
(DBN)

Zelenskiy says security guarantee would need at least 200,000 peacekeepers
(DBN)

Germany proposes tougher EU response to hybrid threats from Russia
(DBN)

____________

MENA:

Gaza ceasefire to help Israel's credit rating, implementation is key, agencies say
(DBN)

As fighting in Gaza stops, Israel launches major military campaign in West Bank
(DBN)

Hamas Is Effectively Back in Control in Gaza
(DBN)

Ceasefire deal with Hamas is not a strategic victory for Israel, economy minister says
(DBN)

Palestinians confront a landscape of destruction in Gaza’s ‘ghost towns’
(DBN)

More than 2,400 aid trucks enter Gaza under truce, UN says no big looting issues
(DBN)

Gazans' joy at ceasefire dims as they visit ruined homes, dig for the dead
(DBN)

As first Israeli hostages are released, Hamas sends a message: It is far from being destroyed
(DBN)

Israeli military chief of staff resigns over failure to prevent October 7 attack
(DBN)

____________

China:

Vanke woes to test limits of China's property sector revival efforts
(DBN)

Evergrande's offshore unit liquidated as creditors pursue USD 23 billion recovery
(DBN)

Runner-Up: China May Have to Settle for Second Place Behind America
(DBN)

China Vows to Import More Goods After Avoiding Early US Tariffs
(DBN)

____________

Mexico:

Sheinbaum Calls for ‘Cool Head’ as Trump Sends Peso Tumbling Trump’s Pledge to Slap 25% Tariffs on Mexico Sinks Peso
(DBN)

____________

Australia:

Police investigate whether foreign actors are paying for antisemitic crimes in Australia
(DBN)

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