January 3, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Boies Schiller’s New Chair Says Chaotic Transition Helped Firm
(DBN)

Ringing In The New Year With A Major Biglaw Merger
(DBN)

'Pickier' Law Firms Did Mergers At Same Rate Last Year as 2023
(DBN)

The Most Searched For Biglaw Firms (2024)
(DBN)

So meta. AI-written paper says AI is the future of legal scholarship
(DBN)

The 2024 Outside Counsel Rankings: Top Law Firms By Type of Organization
(DBN)

10 ways the bar exam could change in 2025
(DBN)

ATL Holiday Card Contest: The Winner! (2024)
(DBN)

Illinois Supreme Court Releases Policy Authorizing Ethical Use Of AI In The Courts
(DBN)

The Future Of Legal: Will Prompting Be A Core Skill? Insights From Laura Jeffords Greenberg.
(DBN)

New Year, New Am Law 100: Challenges Await These Newly Merged Law Firms
(DBN)

Federal Court Issues $14.8 Million Judgment Against Convicted Murderer Alex Murdaugh in Fraud Case
(DBN)

Letter From London: 5 Predictions for Big Law in 2025, Plus 5 More Risky Ones
(DBN)

Chair of Montgomery McCracken Decamps for Morgan Lewis
(DBN)

Holland & Knight Announces 42 New Partners
(DBN)

BakerHostetler elevates 24 attorneys to firm partnership
(DBN)

Federal Agents Search the Home of Former Top N.Y.P.D. Official
(DBN)

Ex-Wife Murder Draws Disbarment
(DBN)

Americans optimistic about Trump’s ability to control immigration: Gallup
(DBN)

Giuliani Claims Florida Is Primary Home Because People Let Him Smoke Giuliani pleads for judge to excuse missed court deadline — because he didn't check email Judge knocks Giuliani over Ground Zero medical excuse ahead of contempt hearing Rudy Giuliani faces a month of legal reckoning Rudy Giuliani hiding ‘vast majority’ of personal items owed to defamed election workers, attorneys say Judge to weigh holding Giuliani in contempt in Georgia election workers case
(DBN)

Johnson says House Republicans will investigate Jan. 6 committee
(DBN)

Cheney gets standing ovation as Biden awards Presidential Citizens Medal
(DBN)

Mass Deportation Fears Stop Chicago Church Services
(DBN)

Man accused of attacking reporter and yelling about 'Trump's America' won't get lower bond
(DBN)

Prosecutors fight to keep alleged Jan. 6 rioter away from Trump inauguration
(DBN)

Giuliani decision not to testify at contempt hearing met with disdain by election workers
(DBN)

Driver of Tesla Cybertruck killed in explosion outside Trump Las Vegas hotel is ID’d as Army vet Matthew Livelsberger Cybertruck blast suspect was a ‘Rambo type’ who loved Trump, family says Who is Matthew Livelsberger? Bomber in Las Vegas Cybertruck explosion is married Green Beret from Colorado Springs Trump blames ‘open borders’ for New Orleans, Las Vegas attacks Cybertruck explosion outside Trump’s Las Vegas hotel was probably a suicide, sheriff says Eerie vid of Cybertruck ‘bomber’ Matthew Livelsberger who was burnt beyond recognition as ex ‘linked to anti-Trump post’ Tesla Cybertruck explosion outside Trump Hotel in Las Vegas investigated as possible act of terrorism Las Vegas bomber who blew up Cybertruck outside Trump hotel as cops say he served at the same military base as New Orleans mass killer Jabbar Matthew Livelsberger Photo Appears to Show Pro-Ukraine Support Was Matthew Livelsberger a Trump Supporter? What We Know 'He loved Trump!' Cybertruck bomber's uncle bemused by 'super soldier's' attack Vegas Cybertruck bomber revealed as special forces soldier overseeing drones as first pic shows him posing in camo with rifle Fireworks, gas tanks and camping fuel used in Tesla Cybertruck explosion outside Las Vegas Trump Hotel Musk helped track route of vehicle and provided video at charging stations
(DBN)

New Orleans attack suspect discussed plans to kill his family and join ISIS in chilling recordings. Here’s what we know The New Orleans attack shows that ISIS hasn’t gone away. It’s changed. New Orleans ISIS terrorist Shamsud-Din Jabbar had bomb-making station and Quran open to chilling passage in his home, new photos reveal New Orleans attacker posted videos declaring support for ISIS shortly before rampage, FBI says FBI says driver in New Orleans rampage acted alone, was ‘100%' inspired by Islamic State group How New Orleans ISIS attacker Shamsud Din Jabbar fell from high-flying veteran father to terrorist New Orleans attack mirrors global pattern of using vehicles as terror weapons New Orleans Terrorist Decorated Military Career ... Won Anti-Terror Medal Trump Seeks to Link New Orleans Attack to Illegal Immigration? Law enforcement believe suspect acted alone in terror attack, sources say Long Island native, 25, ‘just starting life’ killed in New Orleans terrorist attack Victims of New Orleans Bourbon Street attack include student, former college football player and loving father New Orleans attack suspect discussed plans to kill his family and join ISIS in chilling recordings. Here’s what we know New Orleans was partway through replacing its street barriers, leaving a fatal opening Authorities probe possible military link between suspects in New Orleans attack and Trump Tower Cybertruck blast Bomb-making materials found at New Orleans Airbnb potentially tied to Bourbon Street terrorist: report Could FBI Have Prevented New Orleans Terror Attack? GOP House majority leader suggests DEI to blame for New Orleans attack
(DBN)

Are New Orleans Attack and Cybertruck Explosion Linked? What We Know 'No Definitive Link' Between New Orleans Attack and Trump Hotel Blast: FBI 'Gut feeling': Fox News forces Trump border czar to admit he has no proof for attack claim Las Vegas and New Orleans Attackers Had 'Strange Similarities,' But No Connection Established, Authorities Say
(DBN)

Fears of extremism in military jump after New Year’s attacks
(DBN)

New Year’s Violence Rattles U.S.
(DBN)

Los Angeles County Sheriff’s computer dispatch system remains down since New Year’s Eve
(DBN)

Girl killed by stray bullet fired into the air during New Year’s Eve celebration, cops say
(DBN)

Woman allegedly dropped ex-husband's dead body at hospital after killing him
(DBN)

Man convicted of murder after jury sees Instagram post announcing plans to 'pop and dip'
(DBN)

US Postal Service faces huge threat as mail workers steal millions and are targeted by criminal rings
(DBN)

Infamous McDonald’s hot coffee case takes center stage as Navy veteran racks up pretrial victories over Jake Tapper’s comments in defamation suit against CNN
(DBN)

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Judges:

Reappointment of Incumbent U.S. Bankruptcy Judge, Hon. Brian F. Kenney, EDVA (comments by 02/04/2025)
(DBN)

Judicial Conference Declines Democratic Request to Refer Justice Thomas to DOJ
(DBN)

Chief Justice John Roberts Thinks You're Stupid And He's Probably Right
(DBN)

Justice Breyer Puts Retirement On Pause
(DBN)

Houston judge should not have received public reprimand, special review court says
(DBN)

Fifth Circuit Still Has Path to Hear Big Cases in Trump Era
(DBN)

Third Circuit Tops Key Judicial Vacancies Awaiting Trump
(DBN)

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Wall Street:

Stock futures rise slightly after a rocky start to 2025
(DBN)

Stocks close lower in volatile start to 2025 as S&P 500 losing streak grows
(DBN)

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Layoffs:

Layoffs Top 1,600 at Ross Warehouses in California
(DBN)

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Tech:

Apple to pay $95 million to settle lawsuit accusing Siri of snoopy eavesdropping
(DBN)

New AI cameras which can tell if a driver is drunk
(DBN)

Visualizing What the World Googled in 2024
(DBN)

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Food/Beverage:

TGI Fridays ex-CEO returns as company works on bankruptcy
(DBN)

TGI Fridays gets bankruptcy court approval to sell 9 locations TGI Friday’s Sells Dallas Airport Outlets for $34.5 Million TGI Fridays franchisee to acquire bankrupt restaurants for $34.5M
(DBN)

World of Beer emerges from bankruptcy
(DBN)

As restaurants head into 2025, more economic uncertainty abounds
(DBN)

Walmart's Killer Broccoli
(DBN)

Surgeon general calls for cancer warnings on alcohol
(DBN)

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Personal Finance:

30-Year-Old Rejects Office Jobs and Struggles With Income Due to Dog's Separation Anxiety
(DBN)

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Steel:

Biden decides to block U.S. Steel sale to Japanese buyer Why Trump should switch sides on the US Steel-Nippon Steel merger (but probably won’t) The Fallout From the End of the U.S. Steel Deal
(DBN)

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Utilities:

Appeals court rejects Oversight Board's appeal on PREPA bondholder liens
(DBN)

German Power Slips Below Zero as Negative-Price Phenomenon Grows
(DBN)

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Economy:

US unemployment claims fall to 211,000, the lowest level since March US Initial Jobless Claims Fall to Eight-Month Low to End 2024
(DBN)

How Donald Trump single-handedly cured America's economic blues
(DBN)

Will Trump Fire the Fed?
(DBN)

Reserves at Fed Sink Below $3 Trillion to the Lowest Since 2020
(DBN)

'Extraordinary measures' to avoid U.S. default to begin mid-January
(DBN)

The debt ceiling is back, but no need to worry – yet
(DBN)

Ranked: The World’s Top Companies by Revenue in 2024
(DBN)

China’s Hack of U.S. Treasury Breached Sanctions Office
(DBN)

The 15 Richest Counties in the U.S.
(DBN)

Ranked: The U.S. Government Agencies with the Highest Paid Employees
(DBN)

What will happen if the U.S. commits to bitcoin
(DBN)

These 9 states are cutting income taxes on Jan. 1. Here's where taxpayers will get a break.
(DBN)

Former Commerce Secretary Gutierrez: H-1B visas are compatible with the ‘America First’ doctrine
(DBN)

US Boomers 'Unretiring' Due to Low Social Security Payments Could Face Even More Benefit Cuts
(DBN)

Young Americans are going country, reversing a decadeslong trend of moving to cities
(DBN)

Meet America's real Golden Girls: Some unmarried older women without kids at home are doing great
(DBN)

Mapped: The Income Needed to Join the Top 1% in Every U.S. State
(DBN)

Sanders calls for H-1B visa reform: ‘Elon Musk is wrong’
(DBN)

Rebound in Food Prices Set to Be Followed by Trade Uncertainty
(DBN)

Charted: The Share of Foreign-Born Population in OECD Countries
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Trends Deep Freeze Hit the Housing Market in December With the Strongest Seasonal Slowdown in 2 Years
(DBN)

Mortgage demand dives nearly 22% to end 2024
(DBN)

New California regulation requires insurance companies to offer coverage in high-risk areas
(DBN)

The tax that's stopping older homeowners from selling their valuable properties
(DBN)

Execs who stranded Brith Sholom House seniors were sentenced to federal prison for fraud
(DBN)

Judge orders $100 million in entry fee refunds as condition of Harborside CCRC bankruptcy sale
(DBN)

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Municipalities:

Puerto Rico swears in new governor days after major blackout left much of the island in the dark
(DBN)

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Oil/Gas:

Biden to Block More Offshore Oil Drilling Before Trump Arrives
(DBN)

US Oil Bosses See Spending Up Despite Lower Prices, Survey Shows
(DBN)

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Autos:

Carvana Stock Slips as Short-Seller Calls Its 2024 Turnaround a 'Mirage' Carvana Is Cooking Its Books, Hindenburg Research Claims
(DBN)

Tesla posts its first-ever annual sales drop Tesla failed to meet its EV sales goals and Wall Street's expectations Tesla sales drop, showing Elon Musk isn't immune to the EV slowdown As Cybertruck demand plummets, Tesla resorts to free charging ploy
(DBN)

Judge says metro-based car dealer has to pay more than $40 million in penalties, restitution
(DBN)

China’s Luxury EV Market Is Slowing Down And It’s Not Looking Good
(DBN)

German Auto Industry's Make It or Break It Year
(DBN)

Stellantis Italy output falls 37% in 2024, car production hits 68-year low
(DBN)

US Car Sales Get Year-End Boost From Trump’s Threat to End EV Tax Credits
(DBN)

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Politics:

Trump nominees: 5 confirmation battles to watch
(DBN)

Trump announces new treasury and ambassador nominees
(DBN)

FBI checks, ethics paperwork threaten to slow down Trump confirmations
(DBN)

Trump’s World of Peril — and Opportunity
(DBN)

Gallup: Highest Hopes for Trump on Immigration; Lowest, on Unity
(DBN)

'It's Iraq all over again': Experts warn about Trump's reported plan to invade Mexico
(DBN)

Trump, GOP allies falsely blame New Orleans attack on immigration failures
(DBN)

A Retiring Congressman’s Advice to New Members of the House
(DBN)

Mike Johnson scrambles to shut down a GOP revolt
(DBN)

Johnson allies warn that a speakership battle could delay Trump’s victory certification Speaker Johnson faces narrowest House majority in nearly 100 years Johnson tries to avoid McCarthy pitfalls as he preps for a speaker showdown Johnson doesn’t have the votes to remain speaker. But his allies insist it’s trending his way Trump throws more weight behind Johnson's speakership bid Why Trump has so much riding on the House speaker vote
(DBN)

Trump Ally Rebukes Republican's Anti-Muslim Post After New Orleans Attack
(DBN)

Congress on edge after surge of threats, swatting attacks against lawmakers
(DBN)

‘Nobody was tricked into voting for Trump’: Why the disinformation panic is over
(DBN)

Musk defends demonetizing right wing critics’ content on X
(DBN)

Progressives face an existential crisis under Trump
(DBN)

Carville on Harris loss: ‘It is and it always will be the economy, stupid’ James Carville: I Was Wrong About the 2024 Election. Here’s Why.
(DBN)

MAGA Furious Over Liz Cheney's Medal From Biden
(DBN)

Ethics office suggests full-scale House Ethics investigation into Rep. Andy Ogles House ethics watchdog unfurls campaign finance allegations against two members
(DBN)

The New Orleans mass killing put a spotlight back on ISIS, which never really went away
(DBN)

J.D. Vance defends far-right German party as he promotes Elon Musk endorsement
(DBN)

Republicans’ Assault on IRS Resources Gives Away Their Fake Populist Game
(DBN)

Fact-checking claims about former President Jimmy Carter’s record
(DBN)

‘Dark Money’ Is Tainting Washington Think Tanks. A New Report Shows It’s Worse Than You Think.
(DBN)

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Retailing:

Over 7,000 closed in 2024, some filed for bankruptcy
(DBN)

Losses from return fraud and abuse exceed $100 billion
(DBN)

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Sports:

Diamond Sports Group officially emerges from bankruptcy as Main Street Sports Group
(DBN)

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Banking:

A standoff between BlackRock and the FDIC is dragging into 2025
(DBN)

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Education:

Charter Schools, College Muni Debt Sees Worst Year for Distress
(DBN)

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Crypto:

Do Kwon Pleads Not Guilty to US Charges Over Terra Collapse 'Lunatic' crypto fugitive Do Kwon finally extradited from Montenegro to the US to face charges over $40 billion crash Korean investors welcome punishment of disgraced crypto mogul Do Kwon in US
(DBN)

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Movies:

2025 Domestic Forecast Still Way Below Pre-Covid Levels — So What’s An Industry To Do?
(DBN)

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Wood Products:

Wood pellets burn Enviva muni bondholders in bankruptcy
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Research:

Bankruptcy 's Redistributive Policies: Net Value or a "Zero-Sum Game"?
(DBN)

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SCOTUS:

Chemerinsky: What can we expect from SCOTUS in 2025?
(DBN)

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Third Party Releases:

2024: Year in Review: Third-Party Releases After Purdue Pharma
(DBN)

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Intercreditor:

Federal appeals court swats down Serta Simmons’ 2020 debt deal
(DBN)

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Automatic Stay:

Two-Years Prospective Relief From The Automatic Stay (In re Karpuleon)
(DBN)

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Aviation:

Police raid Jeju Air offices after crash killed 179 people in South Korea; airline CEO banned from leaving country
(DBN)

A data company has figured out which airlines fly on time most often
(DBN)

2 dead, 19 injured after small homebuilt plane crashes into roof of business in Fullerton
(DBN)

Passenger Discovers Just How Strong Plane Toilet Flushes Really Are
(DBN)

South Korea police search Jeju Air and airport operator over fatal plane crash
(DBN)

____________

Celebs:

Catwoman's Last Battle: Jocelyn Wildenstein on Brink of Arrest Over $344K Debt Before Death
(DBN)

Duane Martin & Ex-Wife Tisha Campbell Finally Put 8-Year-Old Bankruptcy Case To Rest
(DBN)

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Radio:

Audacy Asks Texas Judge to Wrap Up Bankruptcy Case
(DBN)

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Sports:

Air Ball For New York Knicks Fans As MSG Networks Go Dark On Optimum; Is Carriage Fight Tipoff To Bankruptcy?
(DBN)

Is This Weird Dome the Future of Watching Sports?
(DBN)

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Climate:

Morgan Stanley Follows Citi, BofA in Quitting Climate Group
(DBN)

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Healthcare:

Last-minute offer spares Steward Pennsylvania hospital
(DBN)

Concerns Continue Over Private Equity's Reach Into Healthcare
(DBN)

RFK Jr. vs. Oz sets up clash on weight loss drug coverage
(DBN)

Face mask mandates return in multiple states as doctors warn of 'quad-demic' of four viral infections
(DBN)

____________

Autos:

Carvana shares tank after short-seller Hindenburg accuses firm of ‘grift for the ages’
(DBN)

Did Elon Musk's Political Gambit Costs Tesla? 40% Sales Drop in Europe Raises Alarm
(DBN)

____________

Sovereigns:

Argentina Weighing New Loans From Either Investment Funds or IMF
(DBN)

____________

UK:

'Zombie' $15 Billion Legal Award Infecting European Courts—A Wake-Up Call For UK Arbitration Reform
(DBN)

Aaron & Partners strengthens Insolvency team with senior hire
(DBN)

Elon Musk faces UK backlash after boosting far-right activist Tommy Robinson Elon Musk speaks out again in favor of the far-right in the UK Musk urges release of far-right UK figure; blasts PM Starmer
(DBN)

Trump says Britain is ‘making a very big mistake’ with windfall tax on North Sea oil producers
(DBN)

Subpostmasters still waiting to be exonerated after Post Office scandal
(DBN)

UK Mortgage Approvals in Surprise Drop After Labour Budget
(DBN)

____________

Canada:

Business Bankruptcies In Canada At Highest Level In 15 Years
(DBN)

Canadian archdiocese faces bankruptcy over sexual abuse settlements
(DBN)

Major chain retailer shutting down in 5 Ontario cities
(DBN)

Court-ordered sale of insolvent Port Coquitlam development approved by B.C. Supreme Court
(DBN)

Canada's 100 highest-paid CEOs earned $13.2 million on average in 2023: report
(DBN)

____________

MENA:

Gaza Truce Looks Unlikely Before Trump’s Inauguration
(DBN)

Israeli Airstrikes Kill Another 43 in Gaza
(DBN)

Changes to Syria’s school curriculum spark online outrage Syria minister defends school curriculum changes after uproar
(DBN)

Biden discussed plans to strike Iran nuclear sites if Tehran speeds toward bomb
(DBN)

Video released by Israel said to show strikes on Hezbollah rocket launchers in southern Lebanon
(DBN)

____________

Russia:

Russia Loses Over 1,000 Troops on First Day of 2025
(DBN)

Russia fines party-goers for ‘looking too gay’
(DBN)

Starved of Russian gas, industry shuts down in breakaway Moldovan region A European region has no heating after Russian gas stopped flowing via Ukraine. An energy supplier told families to gather in one room to stay warm.
(DBN)

____________

Germany:

Nearly 190 members of far-right groups wanted
(DBN)

Musk's 'undignified' insults irritate German politicians
(DBN)

____________

China:

Fixing bankruptcy woes of listed firms to help capital markets
(DBN)

China Raises Retirement Age Amid Population Crisis
(DBN)

China targets dozens of U.S. companies ahead of anticipated Trump tariffs
(DBN)

____________

Netherlands:

Names Of Nearly 500,000 Suspected Nazi Collaborators Posted Online
(DBN)

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South Korea:

South Korea’s impeached president defies warrant after hourslong standoff
(DBN)

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Sweden:

Sweden's green industry hopes hit by Northvolt woes
(DBN)

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Switzerland:

Never have more companies gone bankrupt in Switzerland
(DBN)

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Singapore:

Hin Leong Fraud Scandal Winds to a Close With Bankruptcy Filing
(DBN)

____________

Turkey:

Turkey Floats Limit on Bank CEO Tenures After Ponzi Scandal
(DBN)

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