September 29, 2023

The Daily Bankruptcy News

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Law:

With Nearly 'Everyone' In Favor Of This Biglaw Merger, A&O Shearman 'Is Going To Happen'
(DBN)

Biglaw Attorney Arrested In Florida Road Rage Stabbing • Ex-federal prosecutor charged in alleged road-rage stabbing no longer works at this BigLaw firm • Florida man accused of road rage stabbing is a former Jan. 6 prosecutor
(DBN)

Underdog Boston School Churns Out Judges, Big Law Partners
(DBN)

The Common Reality Of Navigating The Legal System Without A Lawyer
(DBN)

The Lawyer Trying to Hold Gunmakers Responsible for Mass Shootings
(DBN)

Biglaw Attorneys Are Working Overtime In Anticipation Of Government Shutdown
(DBN)

Lawyer sanctioned for being ‘rude, demeaning and obnoxious’ in depositions
(DBN)

Did Polsinelli violate $14M flat-fee deal to provide ‘legal counsel’? 3rd Circuit rejects claim
(DBN)


Where’s The Money? Collecting on that judgment after all avenues of appeal have been exhausted is a journey all its own.
(DBN)

On The Season Premiere Of Survivor, Folks Don't Want To Admit They're Attorneys
(DBN)

Need Billable Hours? Partners At This Biglaw Firm Will Hand Them Out Like Candy -- If You Go To The Office
(DBN)

Latest Fight in the Alex Murdaugh Case Is Over Who Controls the Convicted Murderer's Assets
(DBN)

Lawyers Plea For Court Funding After Roof Collapse And Electric Shock
(DBN)

UK: Police swoop as Axiom Ince implodes
(DBN)

Pinsent Masons wields carrot and stick to boost office attendance
(DBN)

Prison for partner duped by lottery scammers
(DBN)

Team Trump Prepares for Doom at NY Bank Fraud Trial • The End of Trump Inc. • Trump and his adult children expected to be called to testify in New York fraud trial • Trump New York fraud trial cleared to start Monday after appeals panel ruling • Deutsche Bank Executives, Trump Set to Testify in NY Civil Trial • A judge’s conspicuous note on Trump, the Saudis and ‘influence buying’
(DBN)

Shutdown or Not, Trump and Biden Special Counsels Will Keep Working
(DBN)

Cohen airs concern over testifying in Trump fraud case: ‘I don’t have to put my life on the line’
(DBN)

For Rudy Giuliani, legal troubles multiply • Rudy Giuliani’s Georgia Lawyer Just Ditched His Case
(DBN)

Trump's Lawyers Seek 'Brief' 60-Day Delay In DC Case Because Motions Are HARD
(DBN)

Special counsel fights Trump effort to ‘upend the entire schedule’ of Mar-a-Lago case • Justice Dept. Accuses Trump Lawyers of Dragging Their Feet in Documents Case
(DBN)

Georgia Republicans Remove Fani Willis' Biggest Threat
(DBN)

Trump won’t try to move Georgia case to federal court
(DBN)

Trump suing ex-MI6 officer who alleged he was ‘compromised’ by Russian security service
(DBN)

House GOP releases 700 pages of internal IRS documents from whistleblowers in Hunter Biden probe
(DBN)

A Texas county that borders New Mexico is the latest to consider an abortion travel ban • With no opposition in the room, a rural Texas county makes traveling for an abortion on its roads illegal
(DBN)

U.S. aims to resettle up to 50,000 refugees from Latin America in 2024 under Biden plan
(DBN)

Families weave through long grass to dodge Mexican migration checkpoints
(DBN)

Abbott hits Biden on immigration in New York after sending busloads of migrants to city
(DBN)

3,400+ migrants dropped off in San Diego county within a week by Border Patrol
(DBN)

This Security Guard Enforced a School District’s Mask Mandate. He Ended Up Facing a Criminal Charge.
(DBN)

An influencer who livestreamed herself laughing as crowds looted stores in Philadelphia has been charged with 6 felonies
(DBN)

Emotional support alligator denied entry to ballpark
(DBN)

'Hate crime': Idaho high school students face disciplinary action after posting photo using racial slur
(DBN)

Doc at NYC dinner party left 'in ruins' after white neighbor hosed down black guests says 'no words' exchanged before act
(DBN)

Woman who killed her own mom because she learned of suspension from college is sentenced
(DBN)

Mom accused of hunting son's bullies and running teen over acquitted of attempted murder
(DBN)

A delivery driver who shot a YouTuber who was pranking him said it was justifiable self-defense — and a jury agreed
(DBN)

A man spoke to 911 screaming about bears attacking him. Officials said he was drunk and just wanted help getting out of the woods.
(DBN)

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Judges:

Judge assigned to US antitrust case against Amazon recuses himself
(DBN)

How Jamaica-born Judge Tanya S. Chutkan became Trump’s latest target
(DBN)

Wisconsin Supreme Court won’t hear longshot case trying to head off Protasiewicz impeachment of chief justice
(DBN)

Guatemalan Judge Who Exposed Corruption Flees to US After Citing Fears for His Life
(DBN)

What major cases are coming before the US Supreme Court?
(DBN)

Roberts Court Loses Control of Conservative War on Agency Power
(DBN)

District Judge Models Recusal Behavior For The Supreme Court
(DBN)

Man is accused of sending hundreds of threatening emails and voicemails to judges, public officials
(DBN)

Michigan judges can’t disregard pronoun preferences of parties and lawyers, new rule says
(DBN)

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Wall Street:

Stock futures rise as traders look to end tough month on a high note
(DBN)

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Layoffs:

Epic Games is eliminating 16% of its workforce • Epic Games reportedly laying off 900 employees
(DBN)

ABN Amro Bank Cuts 70% of New York Jobs in Push to Focus on Europe
(DBN)

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Climate:

How radical should you be when you’re trying to save the planet?
(DBN)

How powerful land barons shaped the epic floods in California's heartland
(DBN)

Covering Coal: The Top Insurers of U.S. Coal Mining
(DBN)

BOE’s Greene Sees Risk of 1970s-Style Crisis From Climate Change
(DBN)

One of the most intense El Niños ever observed could be forming
(DBN)

Texas Coastal Barrier Price Jumps to $57 Billion
(DBN)

The Climate Sleuth Uncovering Methane Leaks for the United Nations
(DBN)

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Crypto:

FTX Bankruptcy Claims Soar in Value in Over-the-Counter Markets as Estate Recovers $7.3B
(DBN)

Who is Caroline Ellison, a key witness set to testify against Sam Bankman-Fried?
(DBN)

The FTX trial is bigger than Sam Bankman-Fried • The Trial of Sam Bankman-Fried, Explained
(DBN)

Sam Bankman-Fried denied release for trial • A judge gave permission for Sam Bankman-Fried's lawyers to give him suits, ties, and 'appropriate undergarments' to wear at his trial
(DBN)

Sam Bankman-Fried Scoops Help CoinDesk Win Major Journalism Award
(DBN)

Parents of the founder of bankrupt crypto exchange FTX face their own legal troubles
(DBN)

We Asked New Yorkers if They’d Heard of Sam Bankman-Fried
(DBN)

Sam Bankman-Fried warned by judge he may face ‘very long sentence’ if convicted
(DBN)

Sam Bankman-Fried talked crypto with Jerome Powell the same month that the Fed chair met with JPMorgan and Goldman Sachs CEOs
(DBN)

Celsius valuation advisor approves value of debtors’ assets and liabilities
(DBN)

Gemini’s Winklevii deny withdrawing $282M of their cash from Genesis pre-bankruptcy
(DBN)

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Water:

New Orleans residents brace for salt water intrusion as Biden declares national emergency
(DBN)

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Banking:

Fed Watchdog Faults Central Bank Officials on Oversight of SVB • SVB management, examiners failed to appreciate risks: Fed IG • SVB CEO serving on SF Fed's board created appearance of conflict of interest: OIG • Fed watchdog says SVB overseers didn’t keep pace with bank's growth
(DBN)

Heightened systemic risk in renewed rivalry between US banks, private lenders: Moody's
(DBN)

He allegedly forged documents at an Iowa bank that led to a bankruptcy. He still became an executive at another bank
(DBN)

Credit Suisse May Report $2.2 Billion of Third-Quarter Losses
(DBN)

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Economy:

Q2 GDP Growth at 2.1% Annual Rate
(DBN)

Weekly Initial Unemployment Claims Increase to 204,000
(DBN)

It's Taylor Swift's economy. We're all just living in it.
(DBN)

Here’s the real cause of the Social Security funding shortfall, according to the program’s chief actuary
(DBN)

The US consumer is starting to crack • US Consumer Spending Rose at Weakest Pace in a Year Last Quarter
(DBN)

Ray Dalio says the U.S. is going to have a debt crisis
(DBN)

A recession is coming and investors should be defensive, TCW CEO says
(DBN)

Fed’s Goolsbee Says Traditional Economic View May Cause Overshoot
(DBN)

Americans Saved $1.1 Trillion Less Than Previously Thought From 2017-2022
(DBN)

‘Bidenomics’ boosts blue-collar jobs and green energy. Do voters care?
(DBN)

Congress still on track for a shutdown • House passes first GOP spending bills in months as shutdown nears • As Government Shutdown Appears More Likely, Treasury Releases IRS Contingency Plan • McCarthy and Gaetz spar in heated meeting ahead of government shutdown • Why McCarthy will not be able to escape his moment of fate • Kevin McCarthy critics weigh push to oust him but lack candidate who can win majority vote • McCarthy, Gaetz get into testy exchange over anti-Gaetz paid post • Democrats dismiss McCarthy calls for Biden to deal on government shutdown • Lawmakers plot McCarthy replacement in case motion to vacate succeeds • McCarthy open to working with Senate Democrats on stopgap funding bill, sources say • McCarthy options on shutdown endgame shrinking • Speaker McCarthy criticizes Senate measure, says House will get bill done to avoid shutdown • White House Staff Told to Brace for Furloughs as Shutdown Nears • Everything you need to know about government shutdowns
(DBN)

Missing ‘Gold Standard’ Economic Data Will Test Alternatives in US Shutdown
(DBN)

Judge Affirms Pay Raise for Food Delivery Workers in New York
(DBN)

CA: Fast Food Minimum Wage Now $20
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

How People Really Live
(DBN)

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Real Estate:

Realtor.com Reports Weekly Active Inventory Down 3.7% YoY; New Listings Down 7.5% YoY
(DBN)

There's one 'lucky' group of homeowners in America's housing market, says a Zillow economist
(DBN)

Pending Home Sales Slide in August as High Mortgage Rates and Low Inventory Take Their Toll • NAR: Pending Home Sales Decrease 7.1% in August; Down 18.7% Year-over-year
(DBN)

Mortgage Rates in US Rise to Highest in More Than Two Decades
(DBN)

Home ownership is now unaffordable in 80% of US counties as costs eat up a bigger share of pay • Homes "unaffordable" in 99% of nation for average American
(DBN)

Asking Rents Down 1.2% Year-over-year
(DBN)

Intense Storms, Insurance Crisis Force Residents of a Louisiana Community to Consider Leaving
(DBN)

Undeterred by climate change, US homeowners are moving to climate-vulnerable areas
(DBN)

10 cities where home prices are rising the most, as buyers turn to satellite cities for affordability
(DBN)

This is one of the most resilient real estate areas, according to the world’s largest commercial property owner
(DBN)

Kushner, RFR default on Dumbo office portfolio
(DBN)

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Municipalities:

New York Is Rebounding for the Rich. Nearly Everyone Else Is Struggling.
(DBN)

Blue cities rethink their embrace of progressive drug policies
(DBN)

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Oil/Gas:

Surging oil prices could cause demand to crumble, forcing Saudi Arabia to take its 'foot off the brake' sooner than markets expect, energy exec says
(DBN)

Oil prices will hit $100 a barrel in 2024, Goldman Sachs' chief commodities strategist warns
(DBN)

Plunging US Oil Supply Is Driving Up Prices Around the World
(DBN)

Biden Defies Environmentalists by Selling Offshore Oil Drilling Rights
(DBN)

Inside the rough-and-tumble race to clean up America’s abandoned oil wells
(DBN)

Jeep's First EV SUV Has 40,000 Presold Orders
(DBN)

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Politics:

What Republicans are accusing Biden of in their impeachment inquiry • Biden Impeachment Hearing Heavy on Politics, Light on Substance • House GOP's Biden impeachment roadmap • Republicans’ thin corruption case against Joe Biden, explained • Republicans' Own Witness Pours Cold Water on Biden Impeachment • Republican witnesses directly undercut GOP narrative at impeachment hearing • Biden impeachment hearing gets off to sputtering start • Cavuto: Biden Impeachment Hearing is a Big Dud • Raskin said GOP doesn’t have smoking gun or ‘dripping water pistol’ in impeachment quest • Biden Impeachment Hearing Descends Into Chaos: 'You're Out of Order' • Fact check: GOP claims from impeachment hearing
(DBN)

Haley shines, Trump a target: Key takeaways from the GOP debate • Nikki Haley picks fights with rivals and seizes momentum in Republican debate • Takeaways from a messy second GOP presidential debate • Winners and losers of the second GOP presidential debate • The Republican debate has an unplanned theme: This isn't Ronald Reagan's party anymore • CNN anchor reacts to Pence’s ‘cringeworthy’ debate moment • Ex-President Calls on RNC to Cancel All Future Primary Debates • The embarrassing GOP debate was a race to the bottom for the Republican Party • Dana Perino: GOP candidates privately engaging in ‘Survivor’ tactics
(DBN)

It's clear Trump played the debates perfectly, and by avoiding them entirely he's turned them into a pointless spectacle
(DBN)

Gen. Milley to take "appropriate" safety measures after Trump death post
(DBN)

Menendez Tells Democratic Colleagues He Won’t Resign From Senate
(DBN)

Robert F. Kennedy Jr.’s Mad, Mad, Mad, Mad World
(DBN)

‘Lunacy’: Wall Street Journal Editorial Board Slams Republicans For Ignoring Trump’s ‘Unhinged’ Posts
(DBN)

Questions Arise Over Trump’s Michigan Crowd After Sign Holders’ Admissions
(DBN)

Senate unanimously passes formal dress code after uproar
(DBN)

House bill would reduce defense secretary’s salary to $1
(DBN)

____________

Finance:

Struggling Corporate Borrowers Turn to Private Credit to Defer Interest
(DBN)

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Labor:

Automakers grow frustrated over pace of UAW negotiations as new strike deadline looms
(DBN)

Biden says UAW should fight for 40% pay raise in Michigan strike visit
(DBN)

UAW Targets 30% Wage Bump to Satisfy Workers, Grow Members
(DBN)

They Sacrificed to Survive Bankruptcy. They Worked Through A Pandemic. Now, Autoworkers Have Had Enough.
(DBN)

U.A.W. Strike Strains a Fragile Auto Supply Chain
(DBN)

EVs Will Hit Detroit Harder Than a UAW Raise - WSJ
(DBN)

Red and blue voters are backing UAW strikers in one swing county
(DBN)

Donald Trump Headed for Disappointment
(DBN)

'Auto Workers for Trump' at Rally Deemed Fake
(DBN)

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Insurance:

Vesttoo case: JPL’s say arguments of Vesttoo & creditor committee “meritless”
(DBN)

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Education:

Federal Scrutiny, Plunging Revenue Plague a Private College’s Attempt at a Turnaround
(DBN)

Public school book ban gets green light after court allows Texas to enforce READER Act
(DBN)

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Sports:

Diamond Sports May Walk Away From MLB Deals to Save Its RSNs
(DBN)

Bankrupt Diamond Reaches Short-Term Renewals With Comcast and DirecTV for Bally Sports, Demands 20% Fee Cuts From the NBA and NHL to Keep Going For Another Year: Report
(DBN)

The Bally Sports Bankruptcy
(DBN)

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Childcare:

A program that saved child care for millions is expiring. What now?
(DBN)

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Fraud:

Former Pareteum Executives Charged with Accounting and Disclosure Fraud
(DBN)

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Agribusiness:

A deal to sell an AppHarvest farm is in jeopardy before crucial deadline
(DBN)

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Food/Beverage:

Burger Kings slated to be sold in Meridian bankruptcy case
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

J&J Sees Talc-Suit Surge After $9 Billion Settlement Tossed
(DBN)

Bank that handles Infowars money appears to be cutting ties with Alex Jones’ company, lawyer says • Alex Jones’ Free Speech Systems Faces Financial Precipice as Axos Bank Closes Accounts Amidst $1.5 Billion Sandy Hook Debt Battle
(DBN)

As the Archdiocese of Baltimore faces potential bankruptcy, untangling its assets proves murky • Clergy sexual abuse victims call church's bankruptcy talk ploy
(DBN)

Poised to shutter Catholic parishes, Joliet bishop tight-lipped on financial impact of the priest sex abuse scandal
(DBN)

Ohio Senate passes bill that would help Boy Scouts abuse victims get more settlement money
(DBN)

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Subchapter V:

Individual Subchapter V Debtor’s Liquidating Plan: Can Discharge Be Denied Under § 1141(d)(3)? (In re Lucido)
(DBN)

How to Get Your Own "Free" Private Investigator in Bankruptcy
(DBN)

Small-Business Bankruptcy Trustees Are Being Left With Unpaid Bills
(DBN)

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Avoidance Actions:

Chapter 5 Avoidance Actions Can be Sold to Creditors Under Section 363(f) of the Bankruptcy Code
(DBN)

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Aviation:

A government shutdown could have long-lasting air travel consequences
(DBN)

Man assaults 13-year-old on flight, says she’ll ‘never see her family again,’ feds say
(DBN)

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Healthcare:

US surgeons are killing themselves at an alarming rate. One decided to speak out
(DBN)

Philips Kept Complaints About Dangerous Breathing Machines Secret While Company Profits Soared • What You Need to Know About the Philips Respironics CPAP Recall
(DBN)

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Retailing:

Impending Rite Aid Chapter 11 Bankruptcy – 4 Things Trade Creditors and Landlords Should Know
(DBN)

Business community speaks out after Target blames crime for store closures
(DBN)

I visited one of the 9 Target stores about to close. I found sad customers, many of whom blamed theft, and throngs of students hanging out in the aisles.
(DBN)

John Fetterman Silent Over Philadelphia Looting as Democrats Under Pressure
(DBN)

Plans for Tuesday’s vandalism were an open secret on social media, and the destruction was documented in videos through the night
(DBN)

Looting rocks Philly for a second night
(DBN)

Walmart is stripping some stores of self-checkout lanes and bringing back cashiers
(DBN)

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Tech:

Why the Pentagon’s ‘killer robots’ are spurring major concerns
(DBN)

States fill the AI legislation void left by Congress
(DBN)

How AI can put mistakes into overdrive
(DBN)

Linda Yaccarino denies X is disbanding its election integrity team – hours after Elon Musk posted that they are 'gone' • Twitter’s CEO had a wild, combative appearance at the Code conference
(DBN)

X should turn profit next year, CEO says
(DBN)

NFL tells X it’s concerned about placement of ads on white nationalist accounts
(DBN)

YouTube is generating music videos for white supremacist groups
(DBN)

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Utilities:

2 Lawsuits Blame Utility for Eastern Washington Fire That Killed Man and Burned Hundreds of Homes
(DBN)

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Autos:

Tesla Sued for Racial Discrimination by US Civil Rights Agency
(DBN)

Used Car Shoppers Now Have to Buy Cars Twice as Old Compared to 2019
(DBN)

Tesla trial begins over whether ‘experimental’ autopilot caused driver’s death
(DBN)

Tesla Tells Jurors Fatal Crash Had Nothing to Do With Autopilot
(DBN)

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Sovereigns:

Zimbabwe Holds Key Rate at 150% in First Meeting After Elections
(DBN)

IMF Says Argentina’s Spending Adds Risks to $44 Billion Deal
(DBN)

Buenos Aires central square becomes nighttime soup kitchen as poverty hits 40%
(DBN)

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UK:

Liberal Democrats call for more ‘relentless’ Sheffield Council budget following Birmingham bankruptcy
(DBN)

Council finances 'at tipping point' and 'as bad as it can be' - services facing cuts
(DBN)

UK Businesses Decline First Time Since 2011
(DBN)

The average CEO of a top UK company is white, rich, and probably named Andrew: report
(DBN)

UK Mortgage Approvals Hit Six-Month Low After Rate Rises
(DBN)

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EU:

Euro zone inflation fell to 4.3% in September, lowest level since October 2021
(DBN)

Europe’s Richest Royal Family Builds $300 Billion Finance Empire
(DBN)

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Russia:

Key details behind Nord Stream pipeline blasts revealed by scientists
(DBN)

A NATO country could soon have a pro-Russian leader
(DBN)

Russia's air force has lost 90 planes in Ukraine and is becoming less formidable by overworking its jets, UK intel says
(DBN)

NATO chief visits Kyiv, says Ukraine troops ‘gradually gaining ground’
(DBN)

Canada Nazi row puts spotlight on Ukraine's WWII past • The scandal over a standing ovation for a Nazi veteran is now raising questions about a cemetery monument in Canada that honors his Waffen SS unit
(DBN)

Putin has been ignoring his generals and directing the war himself, analysts say — and has been surprisingly cautious
(DBN)

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Haiti:

Gangs' indiscriminate snipers and 'collective' rapes 'terrorize' Haiti, warns UN
(DBN)

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North Korea:

North Korea’s Kim calls for increased nuclear weapons production, citing ‘new Cold War’
(DBN)

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China:

Evergrande Says Chairman Under Measures on Suspicion of Crime • China Evergrande’s troubles mount as chairman is suspected of ‘illegal crimes’ • Evergrande Tycoon Crossed a Red Line When Wealth Funds Ran Dry • Evergrande: Anxious Chinese home buyers reel from crisis • New trouble roils China Evergrande, fueling real estate crisis fears • New Trouble Roils China Evergrande, Fueling Real Estate Crisis Fears • China's property crisis: Evergrande's woes threaten recovery • Evergrande’s Extended Yuan Bonds Are Another Risk Hurdle for Developer • Why should I care if China property giant collapses?
(DBN)

What China's economic problems mean for the world
(DBN)

A Chinese Bubble Long in the Making
(DBN)

China Looks to Relax Data Export Rules to Allay Business Fears
(DBN)

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MENA:

How a Prayer Meeting Split Israeli Jews on Their Holiest Day
(DBN)

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Germany:

German police investigating Nazi salutes at Oktoberfest event
(DBN)

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India:

The Crown versus secured creditors: Who prevails?
(DBN)

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Hong Kong:

Who Foots The Bill Following The Reversal Of A Bankruptcy Order?
(DBN)

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