September 12, 2024

The Daily Bankruptcy News

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Law:

The Biglaw Firms That Strike Fear In The Hearts Of Opposing Counsel (2025)
(DBN)

Are Young Biglaw Associates Too Scared To Take Vacation Time?
(DBN)

Midlevel Biglaw Associates Want Market Compensation, And They Want It Now
(DBN)

Breaking The Silence: Unusual Insights On Mental Health In Law From Mariette Clardy-Davis
(DBN)

Lawyers Manage To Turn Simplest Possible Request Into Absurd, Eye-Bleeding Powerpoint
(DBN)

Most Americans Still Clueless on First Amendment
(DBN)

Third Of Americans Can't Name All 3 Branches Of Gov't
(DBN)

A&O Shearman culls partners and staff after merger
(DBN)

Meet the hard-partying lawyers who get negligent companies to cough up billions
(DBN)

Nevada green-lights three-pronged plan to licensure Nevada Could Join Growing Number Of States With Alternatives To The Bar
(DBN)

Top 50 Biglaw Firm Closes Its Second Office In China
(DBN)

Hogan Lovells to Close Three Offices in ‘Strategic’ Move
(DBN)

Folks Are Big Mad Over Biglaw Firm's Recent Cuts
(DBN)

Slaughter and May follows rivals and hikes NQ pay to £150,000
(DBN)

UK: Associate leaves after plagiarism exposed
(DBN)

Black partner loses 'n***** in the woodpile' race claim
(DBN)

Naked Womble completes 1,250 mile charity hike
(DBN)

Firm forced into service lift after toilets explode
(DBN)

AG Merrick Garland denounces 'dangerous' and 'outrageous' attacks on DOJ prosecutors and personnel
(DBN)

DOJ charges two brothers in Jan. 6 assault on a New York Times photographer
(DBN)

Army soldier bragged he 'stood for something' when he assaulted police on Jan. 6, feds say
(DBN)

Pro-Hilter, Jan 6 Rioter Honored at Trump Course
(DBN)

Bipartisan group of lawmakers signs pledge to certify 2024 election results
(DBN)

Trump strikes out as federal judges say hush-money case must stay in New York state court
(DBN)

Lacking 'substantial constitutional question,' top NY court tosses Trump gag order appeal
(DBN)

Judge tosses two criminal counts against Trump, keeps top charge in Georgia election case
(DBN)

Harvey Weinstein indicted on additional sex crime charges, New York prosecutors say Harvey Weinstein “Almost Died”, Producer’s Lawyer Says As New Grand Jury Indictment Revealed — Update
(DBN)

Giuliani Objects to Financial Investigator’s Bankruptcy Fees
(DBN)

Trump Lawyer Alina Habba Quietly Settles With Ex-Bedminster Waitress Involved In Hush Money Deal
(DBN)

Delivery company sues Mike Lindell's MyPillow to put shipping debt to bed
(DBN)

Feds slam Bannon's 'footless' attempt to 'read tea leaves' and get out of prison early
(DBN)

Teen accused in Georgia shooting rode to school with assault rifle hidden in his backpack, investigators say Georgia school shooting suspect's dad asks for protection due to threats in jail
(DBN)

Schools focus on "hardening" buildings against mass shootings. Data show they're missing where most gun violence is happening.
(DBN)

States can’t ban guns in banks, hospitals and churches, but property owners can, 9th Circuit says
(DBN)

Officer forced to retire after cop killer left bullet fragments in neck, killed partner
(DBN)

Houston Cop Who Lied To Justify a No-Knock Drug Raid Says He Is Not Responsible for the Resulting Deaths
(DBN)

States have ramped up efforts to enact stricter immigration laws, group finds
(DBN)

Bomb threat in Ohio town spurs fears and closures amid anti-migrant claims
(DBN)

NYC police commissioner resigns amid nightclub probe NYC police chief resigns as investigations swirl around mayor’s inner circle Amid mounting legal woes, Eric Adams faces another progressive challenger
(DBN)

North Dakota judge strikes down state's near-total ban on abortions
(DBN)

9th Circuit allows 2 transgender girls to play on sports teams that align with their gender identity
(DBN)

3 kids among 7 family members shot dead as they watched TV in their home in South Africa: "It was an execution"
(DBN)

Mom 'angry' about 'spilled shampoo' accused of pushing 1-year-old daughter out of car
(DBN)

A Venezuelan Gang Is Expanding Its Deadly Reach to the U.S.
(DBN)

'Murder Squad' gang members killed bystanders 'for sport' using military-style tactics
(DBN)

Man gets life for attacking a family with long-handled branch cutters in home invasion
(DBN)

'Hero' employee hits attacker with pan during fight at CO restaurant
(DBN)

Miss Switzerland Finalist Was Murdered then ‘Pureed’ in Blender by Husband: Police
(DBN)

Mom sues cop for allegedly stealing nude selfies meant for husband during traffic stop
(DBN)

What to Know About the Arrest of Miami Dolphins’ Tyreek Hill
(DBN)

Colorado teen shot in face after trying to ask for permission to take homecoming photos at property, police say Teen seeking homecoming photo shoot spot gets shot in face by town council member: Police
(DBN)

California arson suspect sparked 2 other fires same day, may be linked to more, police say
(DBN)

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Judges:

Judge’s advocacy for domestic violence survivors changed Arizona laws
(DBN)

Why Sandra Day O’Connor kept Roe v. Wade from being overturned
(DBN)

Trump-appointed appeals judges are ‘superstars’ based on 3 measures, study says
(DBN)

Ex-Alaska Judge’s Potential Impeachment Moves to House
(DBN)

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Wall Street:

 

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Layoffs:

Microsoft is reportedly axing 650 jobs in its Xbox games division
(DBN)

The full list of major US companies slashing staff this year, from Microsoft and PwC to Tesla and Goldman Sachs
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Weight Loss:

Experimental Weight Loss Drug Beat Ozempic and Wegovy in Early Trial
(DBN)

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Media:

Future of Murdoch Empire Comes Down to a Court in Nevada
(DBN)

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Tech:

Chatbots can chip away at belief in conspiracy theories
(DBN)

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Steel:

Nippon Steel, US Steel Sent Letter to Biden on Takeover Attempt
(DBN)

US Steel Deal ‘Doomed,’ Says Union ‘Steadfast’ in Opposition
(DBN)

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Solar:

China’s US Solar Outposts Undermine Homegrown Firms, Report Says
(DBN)

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Labor:

Boeing’s Seattle Workers Walk Out in First Strike Since 2008
(DBN)

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Package Delivery:

Package Carrier LaserShip Eyes Debt Tactic That Riles Creditors
(DBN)

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Autos:

A year after the Big 3 strike, some union autoworkers face an uncertain future
(DBN)

Consumer Reports Says These Are The Worst Car Insurance Companies
(DBN)

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Bioenergy:

Fulcrum BioEnergy files for bankruptcy protection Fulcrum BioEnergy, company behind doomed Gary trash-to-fuel plant, files for bankruptcy
(DBN)

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Economy:

Fed's Flow of Funds: Household Net Worth Increased $2.8 Trillion in Q2
(DBN)

The Fed’s Rate-Cut Dilemma: Start Big or Small?
(DBN)

Fed to Pursue Three Quarter-Point Cuts This Year, Economists Say
(DBN)

Dudley Sees Case for Half-Point Fed Rate Cut Next Week
(DBN)

Traders Revive Chance of Half-Point Fed Cut With Just Days to Go
(DBN)

Gold Hits Successive Record Highs Ahead of Expected Fed Rate Cut
(DBN)

What Fed rate cuts mean for credit card holders
(DBN)

Companies’ Interest Costs to Keep Rising, Even With Rate Cuts
(DBN)

US Budget Gap Reaches $1.9 Trillion as Fiscal Year Nears End
(DBN)

Why you should feel good about the American economy
(DBN)

Weekly Initial Unemployment Claims Increase to 230,000
(DBN)

Cooling jobs data might beat out inflation in forcing the Fed to deliver a big rate cut, Goldman Sachs CEO says
(DBN)

Hybrid work boosts satisfaction and productivity and is here to stay, PwC says
(DBN)

JD Vance says GOP should threaten a shutdown Trump complicates Speaker Johnson’s plan to avoid government shutdown GOP senators warn against House-driven government shutdown Hakeem Jeffries’ red lines on government shutdowns
(DBN)

Trump says he will push to end taxes on overtime pay
(DBN)

Trump Touts a Mega-Tariff to Shield Dollar, Cools on Sanctions Trump Tariffs Would Hit S&P 500 Profits, Barclays Says
(DBN)

Cuts to Social Security Benefits Could Top $21,000 for High-Income Couples
(DBN)

Consulting firms' hiring conundrum ahead of Harris-Trump election
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Mortgage rates fall to lowest level since February 2023
(DBN)

Realtor.com Reports Active Inventory Up 33.4% YoY
(DBN)

The "Home ATM" Mostly Closed in Q2
(DBN)

CoreLogic: 1.11 million Homeowners with Negative Equity in Q2 2024
(DBN)

Goldman Likes the Commercial Real Estate Debt That Others Fear
(DBN)

This year's 'offseason' could be much busier for the housing market as buyer competition heats up, Zillow says
(DBN)

Selling Roglieri's home, cars problematic bankruptcy trustee claims
(DBN)

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Oil/Gas:

Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
(DBN)

Libyan Oil Flows Slide Further as UN Fails to Break Bank Impasse
(DBN)

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Education:

A New Way to Think About the Decline in Black College Admissions
(DBN)

FL: County Restoring Dozens of Banned Books
(DBN)

Why Gavin Newsom could ban legacy admissions
(DBN)

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Climate:

Global Warming’s Economic Risks to Rise Most Quickly for the Rich
(DBN)

Climate Lawsuits Are Exploding. Are Homicide Charges Next?
(DBN)

Scientists have solved the mystery of a 650-foot mega-tsunami that made the Earth vibrate for 9 days
(DBN)

3 major wildfires scorch Southern California, forcing tens of thousands to flee homes An explosive California wildfire looked like a bomb went off from space – here’s what’s happening Wildfires in Southern California torch dozens of homes and force thousands to evacuate
(DBN)

"Climate whiplash" helps fuel extreme Western wildfires
(DBN)

Francine lashes Louisiana, leaves hundreds of thousands without power Millions face flooding as Hurricane Francine weakens and heads inland Francine Floods New Orleans Areas Scarred by Past Storms
(DBN)

The Hague Is World’s First City to Ban Oil and Air Travel Ads
(DBN)

Canada Is Making the World’s Most Desperately Needed Airplane
(DBN)

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Healthcare:

Senators expected to hold Steward Health Care CEO Ralph de la Torre in contempt Steward Health CEO defies Congressional subpoena, expected to be held in contempt ‘Health care terrorists’: U.S. Senate panel moves toward contempt charge for Steward boss Steward inks deal to slash debt, keep most remaining hospitals open Meadville Medical Center plans to acquire bankrupt Sharon Regional by Dec. 1 Steward Health Care auction: What assets sold, closed and are still up for grabs
(DBN)

CarePoint starts talks on financial restructuring options that may include bankruptcy
(DBN)

The Worst (And Best) States To Have A Baby, Ranked
(DBN)

High doses of ADHD drugs linked to a greater risk of psychosis
(DBN)

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Crypto:

Judge considers revoking guilty plea of FTX executive Ryan Salame, accusing him of lying under oath
(DBN)

Power plant expansion tied to Bitcoin mining faces backlash in rural TX County
(DBN)

Behind the Trump Crypto Project Is a Self-Described ‘Dirtbag of the Internet’
(DBN)

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Politics:

Harris vs. Trump: Who is leading the polls? Harris widens lead over Trump in postdebate poll Democrats fear Trump will out-perform polls again Coin-toss election gives young voters new sway
(DBN)

Schumer says Senate will vote again on IVF protections after Trump debate comments
(DBN)

Trump says he won't debate Harris again Why Trump ditched a debate rematch – for now Republicans urge Trump to accept second debate against Harris After Debate S---show, Trump's Media Allies Self-Soothe With Fantasies Of Locking Up ABC The surprising terms people are Googling about Trump US expected to charge Iranian hackers who targeted Trump campaign Trump stokes suspicions about assassination attempt, raising fears of more violence Trump’s Repetitive Speech Is a Bad Sign Linda Ronstadt roasts Trump and JD Trump's big, unfixable, glaring glitch Trump got back on track with the border. Then he started talking about the dogs (and geese).
(DBN)

Criticized for being too walled off, Harris slowly opens the door to wider press access $47 Million Flowed Into Harris Campaign in 24 Hours After Debate Barack Obama and Hillary Clinton set to do their first post-convention fundraisers for Harris Historical Polling Tells a Tough Tale for Kamala Harris How Harris aims to draw eyeballs as the hard campaigning begins Democrats want Harris to keep baiting Trump even if there isn’t another debate The ‘wall of lava’ approaching Kamala Harris’ campaign Harris details rural push ahead of battleground barnstorm The Young Woman Making Kamala Harris’ Strongest Case on Abortion Rights
(DBN)

Taylor Swift's endorsement of Kamala Harris drives voters to visit vote.gov Conservative Swifties say her endorsement of Harris won't affect their vote or their love of her music
(DBN)

The New Right Has a Blueprint for Seizing Power. Is JD Vance Executing It?
(DBN)

Florida is disappearing from the national political map
(DBN)

Map shows which states offer early voting and mail-in ballots for the 2024 election
(DBN)

Before she allegedly became a Russian asset, Lauren Chen was the darling of conservative YouTube
(DBN)

Laura Loomer, far-right provocateur who spread 9/11 conspiracy theory, influencing Trump as he searches for a message Laura Loomer’s proximity to Trump draws backlash MAGA Civil War Erupts as Laura Loomer and MTG Trade Blows in Public Laura Loomer Threatens to Spill Dirt on Marjorie Taylor Greene After Trump Ally Accused of Racism 9/11 responder on Loomer joining Trump at 9/11 event
(DBN)

Montana voters face shock-and-awe of Senate ads
(DBN)

Fear and frustration in Ohio city as political debate seizes on growing Haitian population CNN visits Ohio town where Trump falsely claimed migrants are eating pets. Here’s what we found Haitian families in Ohio under attack after debate claims
(DBN)

Springfield City Hall, Schools Hit by Bomb Threats Springfield bomb threat used ‘hateful’ language towards migrants, Haitians
(DBN)

Young women increasingly identifying as liberal: Analysis
(DBN)

The blended family is the new normal at the top of the ticket
(DBN)

Ready your bets: Election gambling is going mainstream in the US
(DBN)


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Telecoms:

Mobileum emerges from Chapter 11 bankruptcy process
(DBN)


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Labor:

Disneyland Specialty Performers Granted Voting Rights on Union Status
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (70 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Puerto Rico bankruptcies up nearly 20% YOY in August
(DBN)

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Dismissal:

Delaware District Court sheds light on standards for dismissal of chapter 11 case based on bad faith
(DBN)

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Venue:

Digital Media Bankruptcy Ends Law Firm’s Hiatus From New Houston Filings - WSJ
(DBN)

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Sovereign Immunity:

States’ Property Seizures Highlight Sovereign Immunity Question
(DBN)

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Solvent Debtors:

Jevic Keeps on Gifting: Third Circuit Reaffirms Solvent Debtor Exception by Holding Unsecured Creditors of Solvent Debtor Entitled to Post-Petition Interest at the Contract Rate
(DBN)

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Mass Torts:

Supreme Court Sends Earthquake Through Bankruptcy Cases, Past, Present, and Future
(DBN)

Maryland Supreme Court Hears Child Sex Abuse Lawsuit Arguments
(DBN)

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UST:

Avoiding Double-Dipping: U.S. Trustee Fees and Creditor Trusts
(DBN)

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Aviation:

Boeing factory workers go on strike after rejecting contract offer
(DBN)

NTSB chair told Boeing CEO that planemaker has safety culture problem
(DBN)

Passenger ordered to pay more than $5,000 in fuel costs after flight diverted due to bad behavior
(DBN)

A pilot on the Alaska Airlines blowout flight said she didn't know there was a hole in the 737 Max until it landed — and feared passengers had died
(DBN)

Southwest and Alaska Airlines planes nearly collide on Nashville airport runway, spurring FAA investigation
(DBN)

After return of Boeing's Starliner spacecraft, company officials remain noticeably quiet
(DBN)

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Retailing:

Big Lots gets court OK for $550M in bankruptcy financing
(DBN)

GameStop craters as earnings show sales falling and profits driven mostly by its huge cash pile GameStop eyes more store closures as sales fall 31%
(DBN)

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Food/Beverage:

Kevin Hart’s vegan quick-service chain Hart House shutters all locations
(DBN)

Dickey’s Barbecue franchisee files for Chapter 11 bankruptcy
(DBN)

Great Northern Products likely finished after dismissal of bankruptcy filing
(DBN)

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Sovereigns:

India Ready to Give Maldives Aid as Sukuk Default Risk Looms
(DBN)

Sri Lanka Opposition Candidate Wants to Renegotiate IMF Loan Sri Lanka Bondholders and Government Hold New Round of Talks
(DBN)

China Outspends US by Billions in Global Lending, Watchdog Says
(DBN)

IMF Pulls Official Off Argentina Talks Amid Feud With Milei
(DBN)

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UK:

Bankrupt and ravaged by student mental illness, Britain’s universities are badly in need of reform
(DBN)

HMRC increasingly pursuing company directors to pay tax bills of insolvent businesses
(DBN)

'We will make sure we don't go bankrupt', Oldham council finance boss insists
(DBN)

UK’s Approval of First Coal Mine in Three Decades Unlawful, Court Rules
(DBN)

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EU:

ECB’s Kazaks Says October Rate Cut Would Need Economic Slump Lagarde Signals ECB Open to October Cut But December More Likely ECB Isn’t Yet Closing the Door to an October Interest-Rate Cut Bigger Fed Rate Cut May Tempt ECB to Move in October, Praet Says ECB’s Muller Says Confidence Growing That Inflation Is Slowing ECB Had ‘Good Reasons’ for Rate Cut Amid Slowing Inflation: Rehn ECB Must Cut Further With Data Determining Pace, Simkus Says
(DBN)

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Canada:

Leasing Agreements in Quebec: True Lease or Financing Lease in the Context of an Insolvency?
(DBN)

Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says
(DBN)

Interest Payments Eating Up Canadians’ Incomes by Most Since 1992
(DBN)

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Russia:

Russia and China's anti-US alliance is growing even more threatening
(DBN)

Ukraine’s Kursk offensive was seen as a major success, but it came at a huge cost
(DBN)

US-UK Discuss Long Range Missiles for Ukraine Russia will be ‘at war’ with NATO if Ukraine long-range missile restrictions lifted, Putin warns
(DBN)

Russia stands to lose $6.5 billion a year if Ukraine doesn't renew a gas pipeline deal at the end of the year, report says
(DBN)

One of Russia’s Last Big EU Gas Consumers Turns Off the Tap
(DBN)

How Donald Trump and Kamala Harris differ on the Russia-Ukraine war
(DBN)

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Venezuela:

As Venezuela Slides Deeper Into Autocracy, U.S. Imposes Limited Sanctions
(DBN)

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MENA:

A charity taught children strike drills in a school compound. Days later, Israel attacked it.
(DBN)

More than 550,000 Gazan children have received the polio vaccine
(DBN)

Explosive Documentary Critical Of Benjamin Netanyahu Premieres In Toronto
(DBN)

Israel destroyed reported Iranian underground missile factory in Syria ground raid
(DBN)

Iran turns to Hells Angels and other criminal gangs to target critics
(DBN)

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Argentina:

La Rioja creditors win US$40 million in New York court over bond spat
(DBN)

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China:

China Levies Record Penalty on PwC Over Evergrande Fraud
(DBN)

China Set to Raise Retirement Age for the First Time in Decades For decades, Chinese workers have retired relatively early. That’s about to change
(DBN)

A CEO went missing. Then his bank got a mysterious bill for $11 million
(DBN)

China’s Recovery Likely Dealt Another Blow From Extreme Weather
(DBN)

China Holidays Test Consumer Stocks Mired in Spending Gloom
(DBN)

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India:

India’s elite homeowners are now slumdog millionaires
(DBN)

Hindenburg Fires Latest Salvo at Adani With Swiss Probe Claims
(DBN)

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Germany:

EU to investigate if German state aid involved in sale of Nuerburgring racetrack
(DBN)

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Australia:

Musk Calls Australian Government Fascist
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