October 11, 2024

The Daily Bankruptcy News

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Due to the Columbus Day holiday, the Daily Bankruptcy News will not publish on Monday, October 14, 2024



Law:

The Real World Is Coming For Gen Z Lawyers
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How Law Schools Are Preparing Students for the New World of Work
(DBN)

Next Gen Lawyers Bring AI Chops to the Workplace
(DBN)

Looking Ahead To 2025: Reining In Partners' Compensation Expectations
(DBN)

UArts Bankruptcy Fuels Work for a Slew of Firms in Phila. and Beyond
(DBN)

Disbarred Ex-Blank Rome Attorney Accused of Forging Judicial Signatures
(DBN)

Top 50 Biglaw Firm Creates Nonequity Partnership Tier To Create More 'Promotion And Development' Opportunities For Attorney Talent Cleary Gottlieb Adds Non-Equity Partners as Industry Shifts
(DBN)

Former CFO at Tom Girardi’s law firm reaches plea deal, agrees to $3.1M forfeiture
(DBN)

Getting The Most Value From Your Outside Counsel Hire
(DBN)

In ethics hearing, Montana attorney general defends ‘sharp’ words, refusal to obey court order
(DBN)

The ABA Really Doesn't Want To Get Sued By Blum & Co.
(DBN)

Nixon Peabody sues law firm for allegedly luring away its clients without cut of contingency fee
(DBN)

New ‘Law of the Police’ class open to law students, lawyers and the public
(DBN)

Law Firm Tech Adoption More Important Than Ever When It Comes To AI
(DBN)

Moms for Liberty wins constitutional challenge to school board’s comments policy
(DBN)

Trump-loving business owner wins after judge drops order against 'Vote for Trump' sign
(DBN)

Election May Decide if Trump's Legal Woes Reach US Supreme Court or Wither
(DBN)

Joe Biden Is NOT A Fan Of Merrick Garland, New Book Says
(DBN)

Jan. 6 judge gives Trump 7 days to 'evaluate litigation options' in redaction fight
(DBN)

‘Frivolous and must be quashed’: Judge refuses to immediately shield Rudy Giuliani ‘alter ego’ company’s bank account from defamed 2020 election workers
(DBN)

Judge agrees to unseal additional filings from Jan. 6 case as Trump signals challenge
(DBN)

Diddy's Legal Problems Are About to Get Worse Diddy locked up at least until May trial date Prosecutors fire back after Diddy claims damning video of Cassie Ventura abuse was leaked
(DBN)

Far-right site Gateway Pundit settles defamation suit with election workers
(DBN)

Case of Cop Cleared in 2016 Fatal Shooting to Be Reviewed by Supreme Court
(DBN)

Cop asleep holding meth pipe in hand while idling at stop light inside cruiser: Police
(DBN)

Man tried potato as silencer when he shot, killed 2 people over an $80 dice game: Cops
(DBN)

New York Man Killed by Pit Bulls Outside Residence
(DBN)

Ex-Dallas cop Amber Guyger denied parole after serving half of murder sentence
(DBN)

18-year-old allegedly murdered grandma with 'drinking tumbler' for 'no apparent reason'
(DBN)

Intoxicated father teaching 9-year-old son how to drive run over by vehicle: Cops
(DBN)

Psychiatrist sues Dr. Dre claiming bizarre fake FBI agent intimidation incident, threats
(DBN)

Judge sets May trial date for Sean 'Diddy' Combs' sex trafficking charges
(DBN)

Judge delays trial for Idaho college murders suspect to August 2025
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Judges:

Judge, aka ‘Sal Tortorella’ on TikTok, gets unpaid suspension for lip-syncing videos Judge Given 3-Month Unpaid Suspension Over Racy TikToks
(DBN)

SCOTUS seems closely divided on new trial for Oklahoma death row inmate Supreme Court may be headed for deadlock in case of Oklahoma death row inmate
(DBN)

Ex-Alaska Judge Texted With Prosecutor About Ongoing Trial
(DBN)

Judge judged for 'ill-judged' jokes
(DBN)

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Wall Street:

Stock futures are flat as traders await another inflation reading, big bank earnings
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Layoffs:

Shell Employees Voice Their Ire in Company Survey as CEO Cuts Jobs to Drive Profits
(DBN)

St. Luke's Behavioral Hospital in Phoenix plans to lay off nearly 260 employees
(DBN)

Olive Branch window company closes, lays off 147 workers
(DBN)

Former Party City employee files class action after 181 allegedly let go without notice
(DBN)

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Crypto:

Court Orders Ex-Beverly Hills Attorney to Pay $14M in Restitution to $9.5M Crypto Ponzi Links
(DBN)

SBF’s Political Fixer Salame Stands Defiant on His Way to Prison Former top FTX executive Ryan Salame has updated his LinkedIn profile. His new role? Prison inmate
(DBN)

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal FTX Customer Claims Hedge Fund Cheated Him on Bankruptcy Gains
(DBN)

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Climate:

Tampa Bay area battered, bruised by Hurricane Milton, but still standing In Milton’s wake, Tampa Bay picks up the pieces — again At least 16 dead Deadly Hurricane Milton devastates Florida communities Milton’s Florida Power Outages Were Made Worse by Helene Damage After a Harrowing Night, Clearwater, Fla., Faces Severe Flooding Hurricane Milton might cost insurers up to $50 billion — but it could have been much worse, analysts said Catastrophe bond investors are unlikely to be dealt massive losses as Florida dodges Milton's worst-case scenario Heavy-hit Florida may have avoided ‘worst case scenario’ from Hurricane Milton Milton’s Surprise Was the Damage Unleashed by Powerful Winds Multiple residents killed after tornado tears through a Florida retirement community Milton’s Deadly Tornadoes Reveal a Hidden Hurricane Threat Hurricane Milton leaves at least 10 dead, millions without power in Florida More deaths confirmed in Hurricane Milton as Florida deals with devastation Florida Rivers Forecast to Break Water Level Records After Hurricane Milton, a growing risk: Flooded electric cars going up in flames Hurricane Milton Photos, Videos Show Florida Storm's Mass Destruction Alligators are stalking homes in flood water after catastrophic Hurricane Milton Raw Sewage Swirls Into Florida Floodwaters in Milton’s Wake ‘Gators, stingrays, snakes’: Floridians urged to avoid floodwaters Daylight reveals massive sinkhole caused by Hurricane Milton What officials are saying in aftermath of Hurricane Milton Hurricane Milton: What to do if you need aid and how to help victims Disney World employees felt pressured to stay and work despite forecasts of looming tornadoes and flash floods in the hours leading up to Hurricane Milton Hurricane Milton: Man Clinging to Cooler Rescued 30 Miles off Florida Coast Here’s how to qualify for FEMA aid — including the $750 payment
(DBN)

How ‘Rapid Intensification’ Makes Strong Hurricanes Even Stronger
(DBN)

This Is What It’s Like to Live in Asheville After Hurricane Helene
(DBN)

Monster storms Milton and Helene prove climate change is a national security issue
(DBN)

‘It is hurricane season’: DeSantis pushes back on climate's role in fueling stronger storms
(DBN)

Emotional North Carolina Man Blames Trump for MAGA Father-in-Law Refusing Hurricane Help Over FEMA Conspiracy: ‘It’s A Cult!’ Trump's false claims are tearing rift in GOP in hurricane-ravaged states: report How hurricane falsehoods are dividing the Republican Party It’s the Jews! It’s the deep state! It’s anything but a natural weather occurrence made much worse by climate change! Russia shares AI images of Hurricane Milton as disinformation abounds in US Fact check: Are artificial hurricanes targeting Republicans? How FEMA Funding for Hurricane Refugees Compares to Ukraine and Gaza Relief House GOP infighting erupts over MTG's hurricane comments “Get A Life, Man”: Joe Biden Chides Donald Trump For Spreading Hurricane Misinformation
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Tech:

When Will AI Take Over the World? We Asked ChatGPT
(DBN)

Why The New York Times' lawyers are inspecting OpenAI's code in a secretive room
(DBN)

Here are the best and worst-case scenarios for Google in its battle with the DOJ
(DBN)

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Banking:

TD Bank to pay $3B, face growth cap over money laundering violations
(DBN)

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Autos:

What Happens When Your EV’s Manufacturer Goes Bankrupt?
(DBN)

Musk Shows Tesla Cybercab, Sees Sub-$30,000 Cost and 2026 Production Elon Musk Hilariously Claims Tesla Cybercab Will Be Available In 2-3 Years Who will win the robotaxi race? Tesla, Waymo, or Uber? Tesla shares drop 6% in premarket after Cybercab robotaxi reveal fails to impress
(DBN)

Stellantis Ousts CFO in Effort to Stabilize Reeling Business Stellantis is struggling. Here’s why
(DBN)

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Healthcare:

Supreme Court Silence on ‘Personhood’ Leaves IVF Vulnerable
(DBN)

The elderly caregiving crisis is an economic problem
(DBN)

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Agribusiness:

Poultry Plant Shuts Down After USDA Aid
(DBN)

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Economy:

U.S. Inflation Reaches Lowest Point in 3 Years BLS: CPI Increased 0.2% in September; Core CPI increased 0.3% US CPI Rises More Than Forecast, Stalling Inflation Progress Consumer Price Index report shows ongoing inflation risks Inflation falls to 2.4%, lowest in three years YoY Measures of Inflation: Services, Goods and Shelter Here Are the Key Takeaways From the US CPI Report for September
(DBN)

Three Fed Officials Shrug Off CPI Report, Bostic Open to Pause
(DBN)

Fed’s Williams Says Rates Should Return to Neutral ‘Over Time’
(DBN)

Fed’s Barkin Says Inflation Still Headed in ‘Right Direction’
(DBN)

The Fed is finally cutting rates, but banks aren't in the clear just yet
(DBN)

US Jobless Claims Soar to Year High, Hit by Helene and Auto Cuts New Jobless Claims Hit 258,000
(DBN)


Here's the next data point to watch as Wall Street eyes a 'no landing' scenario for the US economy
(DBN)

Groceries are more affordable now than in 2019. So why are people still so mad about prices?
(DBN)

Donald Trump's Plan to End 'Double Taxation' Backed by Democrats
(DBN)

Trump pitches aid for Detroit automakers amid electoral battle for Midwest Trump Pushes Tax Break on Car Loans as He Courts Auto Industry Trump promises to ‘revolutionize’ auto industry in pitch to Michigan voters
(DBN)

Trump’s Bid to Weaken Dollar Would Face Hurdles, JPMorgan Says
(DBN)

Trump, Harris Are Both ‘Anti-Trade,’ Business Lobby Chief Says
(DBN)

WTO Says Outlook for Goods Trade Is Clouding as Risks Mount
(DBN)

Social Security recipients can expect a 2.5% increase in benefit payments for 2025 Cost of Living Adjustment increases 2.5% in 2025, Contribution Base increased to $176,100
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Bankrupt Signa’s Trophy Sale Raises Hopes for Property Recovery
(DBN)

House Prices to Income
(DBN)

I bought a home in Florida for $540,000, and Hurricane Milton is tearing through our neighborhood. We don't have flood insurance, and I know I'm not sleeping tonight.
(DBN)

NYC Developer Vanbarton Plans to Convert Archdiocese Office to Apartments
(DBN)

Florida’s home insurer of last resort is in serious trouble. Will Milton put it over the edge?
(DBN)

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Municipalities:

Leaders slam Trump after he ripped City at Detroit Economic Club talk
(DBN)

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Oil/Gas:

Gulf states urge US to stop Israel from bombing Iran's oil sites
(DBN)

ConocoPhillips secures US licences for Venezuela debt recovery
(DBN)

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Politics:

Harris Overtakes Trump Among Suburban Voters, Reuters/Ipsos Polling Shows Battle for Swing States Is Tied, Trump Has Edge on Top Issues, WSJ Poll Shows Kamala Harris' Easiest Path to 270 Appears to Have Got Harder Harris tops Trump by 4 points in new national poll Obama Heads to Pennsylvania to Give Campaign Jolt Kamala Harris Is Winning Over Republicans From Trump, Polls Suggest Can Barack Obama Boost Kamala Harris in Pennsylvania? What Polls Show Key Takeaways From Barack Obama's First Rally for Kamala Harris Obama: Black men have 'excuses' for not supporting Harris Why Pennsylvania will decide the next president Bill Clinton to hit battleground states Donald Trump Closing Gap on Kamala Harris in Top Election Forecast Democrats Poised to Beat Top Republican in Swing State, Poll Suggests Harris, Trump in virtual dead heat in major swing states Democrats, GOP locked in tight Senate races in Florida, Ohio and Texas: Poll Trump leads Harris by 6 points in Ohio Dems' Blue Wall blues Swing-state polling pushes Trump over 280 electoral votes, into presidency Trump's Lead Over Harris Widens on Polymarket's Prediction Market
(DBN)

The Evangelicals Calling for ‘Spiritual Warfare’ to Elect Trump Trump Calls On CBS to Lose its Broadcasting License: ‘THEY ARE A THREAT TO DEMOCRACY!’ Donald Trump, 'Genetics' Enthusiast, Demands FCC Investigation Of CBS For Criminal Video Editing FCC chair rebukes Trump’s calls to revoke CBS, ABC broadcast licenses Trump claims Kamala Harris should be forced to 'concede the election' over CBS interview Trump Bets on National Reach With Events Far From Swing States Trump, on a lying spree, made at least 40 separate false claims in two Pennsylvania speeches ‘They've given up on the idea that they can get women.’ How Trump is turning to the other gender gap for victory Harris is flagging with Latinos. She’s trying to win them over on the economy and the border.
(DBN)

Inflation cools and jobs surge, but Harris struggles to capitalize on solid economy Republican Farmers Featured in Harris Ad Are Not Actors, Not Democrats A Crazier Path to 270: Can Harris Wrest Alaska Away From Trump? Harris Supporter Fumes After Being Featured in Pro-Trump Ad: ‘Really Sick’ Kamala Harris agreed to CNN town hall Kamala Harris Pressed on Prices, Immigration in Las Vegas Town Hall Democrats fear Harris losing too many male voters to Trump
(DBN)

Carville: ‘Very, very concerned’ about election in wake of hurricanes
(DBN)

Biden Asks Congress to Return for Milton Aid Bill Johnson slams door on Congress returning for disaster aid
(DBN)

Leaders Call for Calm Ahead of Potentially Fraught Election Outcome
(DBN)

‘Can I Talk About Water?’ Kari Lake Totally Dodges Question About Her Bogus 2022 Election Claims ‘Utter disaster’: Kari Lake’s refusal to admit 2022 election loss sparks swift reaction
(DBN)

China intensifies efforts to influence 2024 election, focusing on local politicians
(DBN)

Wall Street Pros Avoid Election Bets With Race Too Close to Call
(DBN)

GOP Senate hopeful who said Dems 'emboldened Russia' linked to $415M in Russian assets
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Pharma:

Covid-Shot Maker Goes Bankrupt After Trailing Pfizer, Moderna
(DBN)

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Education:

College of Saint Rose files for Chapter 11 bankruptcy
(DBN)

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Hotels:

Creditors Once Again Advertise Sale Of The Greenbrier
(DBN)

Rich people are obsessed with longevity. Luxury hotels are cashing in by charging guests up to $40,000 for IV drips and MRIs before they hit the pool.
(DBN)

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Sports:

Broadcaster Diamond Advances NHL, NBA-Centered Restructuring Bally Sports Drops Rangers Baseball As Bankruptcy Woes Grow
(DBN)

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Food/Beverage:

Company behind Indochine files for bankruptcy
(DBN)

McDonald’s CEO Says Company Is Preparing for ‘Challenging’ 2025
(DBN)

Nearly 10 million pounds of meat recalled due to listeria concerns
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Music:

Lawyer previously convicted of embezzlement from bankrupt companies in Sweden is pulling the strings at Proper Group AG
(DBN)

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Entertainment:

Bankruptcy Took Down the Redbox Machine. If Only Someone Could Take Them Away.
(DBN)

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Batteries:

'A day of destiny': Why Northvolt could be pushed into bankruptcy as early as next week Northvolt to Pay Taxes Monday as Battery Maker Battles Crisis Northvolt’s Battery Making Boom Fizzles Out
(DBN)

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Hedge Funds:

How This Hedge Fund Manager Finds ‘Diamonds in the Dust’
(DBN)

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Private Equity:

PE-Backed Firms Suffering Higher Default Rates, Moody’s Says
(DBN)

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Solar:

Customers frustrated by SunPower solar bankruptcy What homeowners should know about impact of Sunpower solar bankruptcy
(DBN)

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Utilities:

Arizona Voters at Breaking Point Over Cost of Electricity
(DBN)

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Edtechs:

BYJU'S founder denies allegations of fraudulent $533 million transfer amidst US bankruptcy dispute
(DBN)

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Nursing Homes:

Deal to save New York CCRC off the table after state’s rejection
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

 

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Venue:

US Appellate Judge Urges Caution on Judge-Shopping Rule
(DBN)

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Spendthrift Trusts:

A Primer On Spendthrift Trusts (Snow v. Fonfa)
(DBN)

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Avoidance Actions:

Bankruptcy Court Refuses to Grant Liens on Avoidance Claims
(DBN)

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SCOTUS:

Arguing bankruptcy fees with Nick Zluticky
(DBN)

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UST:

The Justice Department’s Executive Office for U.S. Trustees announced today the appointment of three Assistant U.S. Trustees to offices in Missouri, Ohio and Washington.
(DBN)

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Mass Torts:

J&J Talc Bankruptcy Stays in Texas, Boosting Settlement Odds J&J Talc Bankruptcy Stays in Texas Despite ‘Forum-Shopping’ Opposition J&J’s Court-Shopping Strategy Pits New Jersey Home Against Texas
(DBN)

Louisiana diocese set to file for bankruptcy, negotiate settlement with abuse victims
(DBN)

Bayer must pay $78 million in latest Roundup cancer trial, jury finds
(DBN)

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Aviation:

Boeing Would Be Biggest-Ever US ‘Fallen Angel’ If Cut to Junk
(DBN)

Boeing Hardens Tone With Union, Laments ‘Bad Faith Bargaining’ Boeing files unfair labor practice charge against striking union
(DBN)

Milton Leaves Millions Without Power, Snarls Flights
(DBN)

America's Low Cost Airlines Are in Trouble
(DBN)

Spirit Airlines passengers say they were kicked off plane for wearing crop tops
(DBN)

Why pilots could face new speed restrictions in the sky
(DBN)

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Education:

Teachers fired for giving melatonin patches to preschoolers to make them fall asleep
(DBN)

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Sovereigns:

IMF’s New Demand Set to Dissuade China Investments in Pakistan
(DBN)

Ghana Eurobonds Exit Default as New Bonds Issued to Investors
(DBN)

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UK:

A plan is being drawn up for Welsh councils facing bankruptcy
(DBN)

London council facing bankruptcy to make raft of extreme cost cutting measures
(DBN)

Tory MP tears into bankrupt Labour-run council over 'shocking' £160k spend
(DBN)

Shiner’s guilty plea to trigger payments to law firm’s creditors
(DBN)

Boris Johnson defends Donald Trump over Jan. 6 riots
(DBN)

London Bosses Are Still Waiting for Keir Starmer’s Grand Growth Plans
(DBN)

100 days of Starmer: How Labour’s big win went off the rails
(DBN)

Keir Starmer makes secret appearance at friend's law firm
(DBN)

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Canada:

Cannabis: StateHouse Announces Canadian Parent Enters Bankruptcy Proceedings in Canada following Initiation of Receivership Proceedings in the U.S.
(DBN)

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MENA:

IDF places hopes in new laser anti-rocket systems amid expanding war
(DBN)

IDF soldiers warn they will stop reporting if gov't does not advance a hostage deal
(DBN)

Israeli Strike on Gaza School-Turned-Shelter Kills 27
(DBN)

Israeli Army Deliberately Killed Doctors in Gaza, UN Panel Says
(DBN)

Conditions in Northern Gaza Worsen Amid Israeli Military Strike
(DBN)

Israel is trying to dismantle Hezbollah's leadership, but there's a big problem
(DBN)

Peacekeepers wounded by Israeli fire in Lebanon, U.N. says, as tensions rise Who Are the U.N. Peacekeepers at Lebanon’s Border With Israel?
(DBN)

Is Iran’s top military chief a traitor? Rumours grow that missing Esmail Qaani is behind Israel’s incredible terror cull
(DBN)

Israel Yet to Reach Iran Decision as It Steps Up Beirut Strikes Beirut on Edge After Huge Israeli airstrike
(DBN)

Iran’s Secret Warning to U.S. Allies: Don’t Help Israel, or You’re Next
(DBN)

Putin hails ‘very close’ links with Iran at landmark first meeting with president, as Middle East tensions soar
(DBN)

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Russia:

Russia's ruble hits the lowest level in a year against the dollar and the yuan
(DBN)

How Russia’s war economy and defense spending could actually make it weaker
(DBN)

North Koreans deployed alongside Russian troops in Ukraine, sources say
(DBN)

Russia Hits Ukrainian Patriot Launchers in Ballistic Missile Strike
(DBN)

Putin Fires US Ambassador Russia Ambassador Exits US With Warning of 'Nuclear Catastrophe'
(DBN)

Russia's drive in one battlefront has cost it a staggering 1,800 combat vehicles
(DBN)

America's NATO Ally Warns Ukraine Membership May Trigger World War III
(DBN)

Putin Faces Major Dilemma Over Dwindling Manpower
(DBN)

NATO boss: Stop worrying about Trump
(DBN)

September Was Deadly Month for Russian Troops in Ukraine, U.S. Says
(DBN)

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India:

Cramdown under Indian insolvency law
(DBN)

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China:

Why Communist China’s corporate tax regime is more business friendly than the U.S.
(DBN)

China Investors Expect $283 Billion of New Stimulus This Weekend
(DBN)

China's Trade War With the West Intensifies
(DBN)

Desperate China is gearing up for a war with the West
(DBN)

Ex-PBOC Official Gets Suspended Death Sentence for Taking Bribes
(DBN)

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France:

Altice Offers Creditors Up to 15% Stake in Return for Haircut
(DBN)

Wealthy French Seen Edging Toward the Exits on Tax Increases France Hits Big Firms, Wealthy to Trim ‘Colossal’ Debt Pile
(DBN)

French Markets Digest Barnier’s Budget as Fiscal Concerns Linger
(DBN)

The rise and fall of Macronomics
(DBN)

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Argentina:

Argentina Inflation Slows to 2021 Levels in Win For Milei
(DBN)

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Mexico:

Mexico’s Congress Guarantees Minimum Wage Rises Above Inflation
(DBN)

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South Korea:

Bank of Korea cuts interest rates after holding for almost two years
(DBN)

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