October 9, 2024

The Daily Bankruptcy News

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Law:

Bullying Is 'Prevalent' in the Legal Profession, New Study Finds
(DBN)

Former Biglaw Partner Writes Biting Novel Dishing On What's Wrong With The Profession
(DBN)

Ex-CFO at Tom Girardi's law firm to plead guilty to wire fraud
(DBN)

AI Startup for Personal Injury Law Valued at Over $1 Billion
(DBN)

Law Schools Are Burying Their Heads In The Sand About Generative AI
(DBN)

Quantum-Computing Threats Spur Steps Toward Stronger Encryption
(DBN)

Lawyer Conflicts Create More Delay In Murdered Law Professor Case
(DBN)

Connecticut allows fully online law school grads of Purdue Global to take bar exam
(DBN)

The Top Law Schools For Racial Justice (2024)
(DBN)

Yale Law's Diversity Decreases After Affirmative Action's Death Knell
(DBN)

ABA Softens DEI Clerk Language After Conservative Challenge • ABA strikes 'minority' and 'of color' from clerkship criteria amid lawsuit threat
(DBN)

Law Firms Failing At The Single Most Basic Lawyering Task
(DBN)

January 6 rioters are running their jail block like a gang. They’re leaving more radicalized than ever
(DBN)

Rioter seen tossing police barricade, confronting cops during Jan. 6 attack gets prison
(DBN)

Rudy Giuliani aims to stop defamed election workers from mentioning money Trump owes him
(DBN)

Lin Wood says his ex-law partners are 'lying' about his assets in dispute over bond
(DBN)

SCOTUS immunity decision may have protected crimes in Nixon White House, federal appeals judge says
(DBN)

Eric Adams' Ex-Aide Charged With Witness Tampering And Destroying Evidence • NYC Mayor Adams’ First Deputy Resigns as City Hall Exodus Grows • To calm chaos, Adams appoints a new first deputy and plans restructuring
(DBN)

Attorney Alleges Diddy Doused Victim With Drug-Laced Oil Before Horrific Assault • Diddy files bail appeal, saying he's no Jeffrey Epstein, Ghislaine Maxwell, or Keith Raniere
(DBN)

The Supreme Court appears to have found a gun regulation it actually likes • Majority of Supreme Court Appears Receptive to Biden Administration Limits on ‘Ghost Guns’
(DBN)

States sue TikTok over app’s effects on kids’ mental health
(DBN)

Lisa Marie Presley 'kept son’s body in her home for two months after his death'
(DBN)

For white-collar prisoners who just can't disconnect, $3,000 contraband cellphones can literally fall from the sky
(DBN)

U.S. border cities' homicide rates stay lower than nation's
(DBN)

Man ran estranged wife off road because she was going to testify at his rape trial: Family
(DBN)

Man gets 40 years for road rage shooting that left Uber driver in the hospital for months
(DBN)

Garth Brooks sues rape accuser for damages, publicly names her after claiming she demanded ‘millions’
(DBN)

Lawyer who twice grilled Trump in NY fraud case now helps lead a 14-state war on 'addictive' TikTok
(DBN)

Viewing abortion rights through the lens of religious liberty is revealing
(DBN)

US Supreme Court rejects IVF clinic's appeal of Alabama embryo ruling
(DBN)

Florida health officials threaten television stations for airing abortion ballot campaign ad • Florida Tries To Ban Abortion Referendum Ads Under Public Health Law That Regulates Slaughterhouses And Septic Tanks
(DBN)

9 years of solitary confinement violates Eighth Amendment, jurors find; case later settles
(DBN)

New England Patriots captain Jabrill Peppers arrested on assault, strangulation, drug charges
(DBN)

Colorado’s Supreme Court dismisses suit against baker who wouldn’t make a cake for transgender woman
(DBN)

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Judges:

Judge’s ‘exceptional’ defiance following discipline decision is unmatched, suspension decision says
(DBN)

FBI probe of Kavanaugh was constrained by Trump White House, report finds
(DBN)

Supreme Court is ‘dour and diligent’ as it debates ‘potential sleeper case;’ are arguments ‘abusive’?
(DBN)

From Supreme Court Mentor To Colleague
(DBN)

CNN SCOTUS Scribe Says You Hurt The Chief Justice's Feelings
(DBN)

Attacks on Agency In-House Judges Heat Up, Blunting Enforcement
(DBN)

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Wall Street:

Stock futures slip slightly after major averages post winning session
(DBN)

Brace for stock-market volatility this week if inflation comes in hot after the September jobs report, BofA says
(DBN)

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Layoffs:

Flexport cuts 2% of staff in latest round of layoffs
(DBN)

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Media:

CNN’s Chris Wallace on Why He Left Fox News: I Have A Problem With ‘Conspiracy and Lies’ • ‘The truth is nonnegotiable’
(DBN)

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Crypto:

FTX Creditors Emerge as Possible Fillip for Ailing Crypto Market
(DBN)

FTX says Caroline Ellison to give up ‘all of her assets’ in settlement
(DBN)

The DPRK's Deep Roots in Crypto
(DBN)

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Politics:

How Donald Trump and Kamala Harris Polls Look Four Weeks Before Election • Harris borrows from ‘Republican playbook’ as she leads Trump in new poll • Poll: Kamala's Support Among Republicans Almost Doubles • Cook Political Report shifts Wisconsin Senate race toward GOP
(DBN)

The unexpected gender dynamic shaping the 2024 election
(DBN)

Spending in presidential, congressional races to hit $16 billion; Smash records
(DBN)

Trump secretly sent covid tests to Putin during 2020 shortage, new book says • Kremlin confirms Trump secretly sent Covid tests to Putin at peak of pandemic • Trump and Putin Have Had ‘As Many as Seven’ Private Phone Calls Since Trump Left the White House, Per Bob Woodward’s New Book • Trump campaign blasts Woodward; denies secret Putin calls • Flashback: ‘The perfect target’: Russia cultivated Trump as asset for 40 years – ex-KGB spy • 'That son of a bitch': New Woodward book reveals candid behind-the-scenes conversations of Biden, Trump, Harris • Fuentes: I Will Not Vote for Trump • Trump and Republicans Bet Big on Anti-Trans Ads Across the Country • Trump campaign doubles down on his claim of visiting Gaza • 'Not true': Reporter informs J.D. Vance that Gaza isn't in Israel • Five Takeaways From Donald Trump's Laura Ingraham Interview • Aurora mayor says Trump claims about Colorado town ‘grossly exaggerated’ • Haitian group accusing Trump, JD Vance of committing crimes dealt a major loss by court • Donald Trump Flirts With Race Science • What Trump really means when he says immigrants have “bad genes” • Trump's Bibles Were Made in China
(DBN)

Democrats grow anxious as Election Day nears • Vance and Walz rally in Arizona as early voting begins • How Harris could secure a historic winning record for Democrats in November – and still lose • Harris: "Not a thing" she'd have done differently than Biden • DeSantis pushes back on ‘delusional’ Harris remark about Hurricane Milton calls • California firefighters consider bucking national union on Harris • The latest union snub for Harris and Walz underscores a bigger problem for their campaign • Mitt Romney isn’t getting on the Harris train • The Overlooked Demographic That Is a Huge Opportunity for Democrats
(DBN)

Walz says Electoral College ‘needs to go’ at California fundraiser • Walz: Harris doesn't support key benefits for undocumented immigrants
(DBN)

Elon, Tucker break out in laughter during Harris assassination talk
(DBN)

The New York Race That Could Tip the House
(DBN)

Cruz Warns Dems 'Coming After Me' as Polls Show TX Race Tighten
(DBN)

I'm Behind the Trump-Russia Dossier. We Gave the FBI More Than People Know • Trump took ‘British naval secrets’ to Mar-a-Lago, says Christopher Steele
(DBN)

Gov. DeSantis warns Milton looters could meet shooters in ‘Second Amendment state’
(DBN)

Senate candidate Dave McCormick led hedge fund that bet against some of Pennsylvania’s most iconic companies
(DBN)

80% of Americans fear World War III is imminent
(DBN)

Senate Democrats go to war over GOP ad spending loophole
(DBN)

Chuck Schumer's danger signs on Senate toss-ups
(DBN)

Afghan man charged over Election Day terrorist plot "in the name of ISIS"
(DBN)

This proud liberal city is throwing out its entire government
(DBN)

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Religion:

Pope vows to root out ‘scourge’ of sexual abuse after unusually frank plea from Belgian PM
(DBN)

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Autos:

EV Maker Fisker Is Subject of SEC Probe, DOJ Plan Objection
(DBN)

Fisker bankruptcy hits major speed bump as fleet sale is now in question
(DBN)

Calif. carmaker, once worth $2.9B, left its HQ in 'complete disarray' amid bankruptcy chaos
(DBN)

In the past week, 4 of Elon's direct reports have announced they are leaving Tesla
(DBN)

Rivian cuts production outlook amid parts shortage
(DBN)

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Batteries:

Northvolt Faces $28 Million Tax Bill in Next Test of Finances
(DBN)

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Gambling:

Bankruptcy court rejects IPI sale proposal
(DBN)

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Economy:

Credit card spending growth is slowing after reaching record highs
(DBN)

Federal Deficit Hit $1.8 Trillion for 2024, CBO Says
(DBN)

The economy is facing a 'no-landing' scenario that undercuts the financial relief many Americans hoped for
(DBN)

Despite sunny economic data, business leaders see clouds on the horizon
(DBN)

The Fed is repeating the same mistake that caused a decade of slow growth and high inflation in the 70s, according to one financial historian
(DBN)

Fed's Kugler says she supports more rate cuts if inflation recedes
(DBN)

Fed's Musalem says going slow on interest-rate cuts makes sense
(DBN)

Fed’s Collins Says Rate Cuts Should Be Careful, Data-Based
(DBN)

El-Erian Says Bond Market ‘Lacks Anchors’ for Fed Rate-Cut Path
(DBN)

Long-term interest rates move up after rate cut
(DBN)

The Blowout Jobs Report Shows the Federal Reserve Made a Mistake
(DBN)

Younger, Rural US Households Have Lower-Than-Average Inflation
(DBN)

Here's how economic issues could help Republicans take back the U.S. Senate
(DBN)

U.S. trade deficit drops to 5-month low and could add to GDP. Exports hit record high • Trade Deficit Decreased to $70.4 Billion in August
(DBN)

Guggenheim CIO Says Inflation of Up to 4% Could Be a New Normal
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Decreased in Weekly Survey • Weekly mortgage demand drops as interest rates hit the highest level since August
(DBN)

Rate cuts were supposed to push mortgage rates lower. The opposite has happened.
(DBN)

Florida's real-estate market is on edge amid back-to-back hurricanes • Florida housing market crumbles: Homeowners struggle to sell amid rising insurance costs and storm fears
(DBN)

Why the U.S. is covered in strip malls
(DBN)

Port Washington seniors fear loss of homes and life savings as the Harborside retirement community’s sale falls apart
(DBN)

Abandoned Fisker headquarters in Southern California remains in disarray, magnet for squatters
(DBN)

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Municipalities:

Chicago’s $1 Billion Budget Hole Exacerbated by School Turmoil
(DBN)

These California Cities Won’t Exist In 70 Years
(DBN)

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Oil/Gas:

EPA reaches record $4.2 million settlement with PES in 2019 refinery explosion
(DBN)

US Oil Production Growth to Slow More Than Expected in 2025
(DBN)

A 21-mile-wide channel is key to cheap gas. It’s under threat
(DBN)

Traders are betting Hurricane Milton will knock out electricity and leave power plants idling
(DBN)

Oil Could Surge $10-$15 If Israel Hits Iran, Andurand Says
(DBN)

A World in Need of More Gas Isn’t Getting New Supply Fast Enough
(DBN)

EU Must Revise Combustion Engine Ban, Bloc’s Largest Party Says
(DBN)

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Culture:

3% of American High Schoolers Identify as Transgender, First National Survey Finds
(DBN)

The Professional Idiots Are in Trouble
(DBN)

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Climate:

Category 6 Hurricanes: Is There Such a Thing? • Milton could be one of most destructive storms on record • Milton Is the Hurricane That Scientists Were Dreading • NASA captures Hurricane Milton timelapse in space • Hurricane Milton Is About to End Tampa’s Century of Good Luck • Hurricane Milton Could be Storm Tampa Has Been Dreading: 'Our Katrina' • ‘Truthfully, only a fool would stay.’ Floridians head inland as Hurricane Milton’s fury nears • Many threats likely from "extremely dangerous" storm • Hurricane Milton could cause as much as $175 billion in damages, according to early estimates • Catastrophe Bond Investors Brace for Major Losses as Milton Rages • Airlines, theme parks, cruise lines warn travelers about Hurricane Milton • Milton forces over 1 million to evacuate in Florida, gas shortages reported • Time to evacuate is running out as Hurricane Milton closes in on Florida • Hurricane Helene cleanup crews are scrambling in Florida — but time is running out. That makes Milton more dangerous. • Florida cities in lockdown with millions hit with curfews as eerie footage shows desolate beach towns bracing for monster storm • 1,300 gas stations out of fuel • The challenges Floridians are facing while trying to evacuate • Why Hurricane Milton could give Trump a political opening
(DBN)

FEMA Spending on COVID-19 Dwarfs Hurricane Helene Response • Recovery efforts after Helene pose safety hazards after 30 near-midair flight collisions • Tennessee factory employees were swept away by Helene. Their families say they weren’t allowed to leave work in time to flee • Insurers’ Helene Loss Estimates Climb as Hurricane Milton Nears Florida • I 40 on Carolina Border May be Closed for a Year
(DBN)

Federal Flood Maps Are No Match for Florida’s Double Hurricane
(DBN)

Ocean Heat Behind Helene Made 500 Times More Likely by Climate Change • Climate change boosted Helene’s deadly rain and wind and scientists say same is likely for Milton
(DBN)

FEMA chief issues dire warning on hurricane disinformation • Furious officials say misinformation is harming hurricane response • Donald Trump’s many, many lies about Hurricane Helene, debunked • Elon Musk is piling onto all the hurricane disinformation, hampering relief efforts • FEMA to Probe Source of Conspiracy Theories Hurting Storm Relief • Right-Wing Influencers Claim ‘They’ Defeated Physics, Geoengineered Hurricane Milton • Sean Hannity’s Rant Against ‘Bankrupt’ FEMA Debunked By GOP ‘Fact-Sheet’ Obtained By Fox News Reporter • FactCheck: Hurricane Helene was planned to seize land in North Carolina for lithium mining
(DBN)

Is FEMA messing up? An expert weighs in.
(DBN)

Generac Runs Low on Portable Generators After Storms • Generac CEO says pressure on the power grid ‘is only going to get worse’ from weather and technology
(DBN)

Global Emissions Likely Have Peaked as Renewables Take Hold
(DBN)

Green Hydrogen Will Be Far Costlier Than Estimated, Harvard Scientists Find
(DBN)

____________

Healthcare:

Avante Health Files Bankruptcy to Sell Business to Staple Street
(DBN)

Steward walks away from Norwood Hospital, clinics • Steward abandoning under-construction Norwood Hospital and nearby clinics
(DBN)

Florida hospitals and health care facilities in Hurricane Milton’s path prepare for the worst
(DBN)

Meet the 'medical tourists' who are going abroad for their MRIs and ultrasounds
(DBN)

Americans are getting healthier by some key metrics
(DBN)

Harris says 'it's about dignity' as she floats plan for in-home care for seniors
(DBN)

They Were Made Without Eggs or Sperm. Are They Human?
(DBN)

Yes, Third-Trimester Abortions Are Happening in America
(DBN)

Your employer may start covering weight-loss drugs soon
(DBN)

Ozempic underworld: Inside the black market of obesity drugs
(DBN)

Baby Boomers are living longer than previous generations but have worse health, study finds
(DBN)

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Personal Finance:

The next Social Security COLA increase won't be enough to solve this crisis.
(DBN)

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Retailing:

Sears Is Looking for Rent Relief on Last-Standing Stores
(DBN)

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Ride Hailing:

Are taxis safer with no driver? These women think so.
(DBN)

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Education:

The tough decisions parents are making as never-ending threats to schools become the norm
(DBN)

____________

Sports:

MLB will produce, broadcast Guardians, Brewers, Twins local games in 2025 after Diamond Sports drops contracts
(DBN)

Jerry Jones Sees ‘Huge Growth Left’ as Private Equity Enters NFL
(DBN)

777 Partners fall into bankruptcy months after Everton takeover bid failed
(DBN)

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Agribusiness:

State departments, chicken growers seek to care for, cull 1.3 million chickens left without feed
(DBN)

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Data:

Company Behind Major Social Security Number Leak Files for Bankruptcy
(DBN)

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Nursing Homes:

Private equity firm with nursing home holdings files for bankruptcy, claims it was duped by lender
(DBN)

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Theme Parks:

Disneyland hikes ticket prices for its highest-demand days
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (28 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Corporate Governance:

Early- and Growth-Stage Companies in Distress: What Directors Need to Know about their Fiduciary Duties
(DBN)

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Mass Torts:

Reshaping Chapter 11: unpacking Harrington v. Purdue Pharma
(DBN)

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Involuntary Bankruptcy:

Can A Creditor With A Debt Claim Convertible To Equity Be An Involuntary Bankruptcy Petitioner? (In re QDOS)
(DBN)

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Interest:

Hertz Bankruptcy Decision: Mixed Bag for Creditors on Make-Wholes and Post-Petition Interest
(DBN)

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Venue:

J&J’s Court-Shopping Strategy Pits New Jersey Home Against Texas
(DBN)

Going for broke: NJ a top venue for corporate bankruptcy filings
(DBN)

____________

Executory Contracts:

Michigan Bankruptcy Court Holds That a Non-Compete Clause Survives the Rejection of an Executory Contract and That a Confidentiality Agreement Is Not an Executory Contract Subject to Rejection
(DBN)

NACD Weighs In on Board Oversight of Artificial Intelligence
(DBN)

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Plan Confirmation:

Changes to Confirmed “Toggle” Chapter 11 Plan Required No Additional Disclosure and Voting Where Creditors’ Rights Not Materially and Adversely Affected
(DBN)

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Aviation:

Azul Shares Jump After Deal With Lessors Slashes Debt
(DBN)

Boeing delivers 33 jets in September but strike impact looms
(DBN)

Talks between Boeing and the machinists union break down as strike nears the one-month mark • Boeing Withdraws Contract Offer as Union Talks Break Down
(DBN)

Boeing's latest headache: a possible junk downgrade • Boeing at Risk of Junk Rating With S&P Amid Strike
(DBN)

Textron Aviation, Machinists To Return To Negotiating Table
(DBN)

JetBlue drops hot meals from menu for coach passengers on transatlantic flights
(DBN)

____________

Edtechs:

Byju’s Affiliate Drained Cash from US Units, Lawsuit Says • Byju’s transferred funds in violation of bankruptcy rules via shell company: Report
(DBN)

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Food/Beverage:

Creditor forces an Applebee's franchisee into bankruptcy
(DBN)

America’s french fry king sounds an alarm
(DBN)

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Tech:

AI’s Penicillin and X-Ray Moment
(DBN)

X Algorithm Feeds Antisemitic Content to Israel Skeptics
(DBN)

Telegram hosts ‘underground markets’ for Southeast Asian crime gangs, UN says
(DBN)

DOJ weighs suggesting Google breakup as "remedy" to search monopoly
(DBN)

Brazil's Supreme Court lifts ban on X
(DBN)

TikTok users rely on content creators for news
(DBN)

Europe’s privacy patrol is spoiling Big Tech's AI party
(DBN)

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Advertising:

Rankin Group blames AI for its collapse into liquidation
(DBN)

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Sovereigns:

IMF Chief ‘Cautiously Optimistic’ Fund Will Ease Penalty Fees
(DBN)

____________

UK:

Thames Water Bondholders Sign NDAs in Preparation for Cash Injection • £12bn Thames Water creditor group pitches rescue deal to Ofwat
(DBN)

Cineworld Taps Barclays, Deutsche for $1.8 Billion Refinancing
(DBN)

Signa insolvency court gives green light for Selfridges sale
(DBN)

Howard Kennedy appoints new Insolvency Partner
(DBN)

____________

EU:

ECB’s Kazimir Not Convinced on October Cut Without Key Data
(DBN)

ECB’s Villeroy Says Rate Cut Next Week Very Probable, Isn’t Last
(DBN)

European Stocks Drop as China Rally Falters, Rate Woes Resurface
(DBN)

____________

Canada:

Ontario court orders return of deposit after buyer fails to complete property deal due to bankruptcy
(DBN)

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MENA:

Israel Kills Hezbollah Commander, Launches New Ground Operation • Hezbollah backs ceasefire attempts as Israel continues to target its leadership • IDF troops raise Israeli flag in Maroun El Ras, southern Lebanon • What We Know About the Israeli Forces Fighting in Lebanon
(DBN)

Flattened in a year - How Israeli bombardment reduced most of Gaza to rubble • Life and Death in Gaza: The Photos A year into the war, Israeli military operations in Gaza continue to ramp up and Hamas is yet to be defeated • Palestinians evacuating northern Gaza say they are being shot at by Israeli military • Israel and Hamas Are Kidding Themselves
(DBN)

October 7 Created a Permission Structure for Anti-Semitism
(DBN)

Netanyahu blocks defense minister's U.S. trip to discuss possible Iran attack • Biden expected to discuss Israeli attack on Iran with Netanyahu on Wednesday • Israel Warns Its Retaliation Against Iran Will Be ‘Significant’ • The United States Has More at Risk in the Middle East Than You Probably Think
(DBN)

Israel Set to Hold Rates as War Pressures Delay Easing Cycle
(DBN)

____________

Russia:

Russia Fast-Tracks Economic Fixes as War Costs Bite
(DBN)

Russia's economy faces an 'unsolvable trilemma' but can survive for several more years, think tank expert says
(DBN)

Russia is on a mission to create mayhem on Europe’s streets, UK spy chief says
(DBN)

US scrambled to urge Putin not to use nuclear weapons in Ukraine, Woodward book says
(DBN)

____________

Mexico:

After a Betrayal, a Fractured Cartel Turns Its Hometown Into a War Zone
(DBN)

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China:

Country Garden Misses Target Date for Restructuring Backing
(DBN)

Dalio says China investing is tricky as Beijing turns less favorable to capitalism
(DBN)

Chinese Stocks Tumble Most Since 2020 on Stimulus Skepticism
(DBN)

The markets saw right through China's latest economic support hype
(DBN)

China's growth will fizzle next year despite stimulus efforts, and its issues will drag down neighboring economies, World Bank says
(DBN)

China’s Yuan Junk Corporate Bonds Set for Worst Day in a Decade
(DBN)

____________

Netherlands:

Dutch policemen refuse to secure Jewish community events
(DBN)

____________

Mexico:

Mexican mayor killed less than a week after taking office • Anger and disgust in Mexico over beheading of newly sworn-in city mayor
(DBN)

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Italy:

Giorgia Meloni tells court alleged deepfake p--- videos of her are ‘form of violence’
(DBN)

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Netherlands:

Dunkin’ Donuts goes bust in the Netherlands, shops to stay open
(DBN)

____________

New Zealand:

New Zealand Steps Up Pace of Rate Cuts as Economy Weakens
(DBN)

____________

India:

IBBI allows interim representative for creditors in CIRP
(DBN)

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