April 16, 2025

The Daily Bankruptcy News

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Law:

Judge Blocks Trump’s Executive Order Against Susman Godfrey Judge blocks most of Trump order against Susman Godfrey, laments law firms 'capitulating' The EO Judge temporarily blocks Trump's order targeting law firm: 'Shocking abuse of power' Judge blocks most of Trump’s punishments for law firm Susman Godfrey Houston-based law firm files lawsuit against Trump administration following executive order Why I Signed a Brief Backing Perkins Coie’s Challenge to Trump Former top government lawyers are jumping into the Big Law fight against Trump Targeted by Trump, more law firms choose pre-emptive appeasement Law Firms’ Quid Pro Quo Pro Bono Work on Tariffs Is Unethical Trump Orders Could Implode Law Firms With Frightening Speed Big law spends top dollar as Trump takes aim at firms Biglaw Firms That Inked Deal With Trump ‘Failed The American People’ Says Paul Hastings Partner Trump’s $1 Billion Law Firm Deals Are the Work of His Personal Lawyer - WSJ Trump Enforcer Shaking Down Law Firms for Billions is Unmasked Don’t Negotiate: Negotiation Strategy Notes for Law Firms Under Attack by the Trump Administration from Harvard Law Professor of Negotiation As Big Law folds to Trump, some D.C. firms are fighting Texas law firms strike deal with White House allowing monitoring of DEI programs, hiring Why My Firm Is Standing Up for the Constitution Biglaw Calls It Pro Bono. Gimme A Break.
(DBN)

The 2025 Am Law 100 Ranking Is Here!
(DBN)

From Harvard to Musk, law firm Quinn Emanuel juggles Trump's friends and foes
(DBN)

Reed Smith ‘Retires’ DEI Label Following Trump Bias Inquiry
(DBN)

Biglaw Firm Gets Major Props For Telling Associates Like It Is
(DBN)

As More Folks Enter The Lateral Market Biglaw Slowing Down Recruitment
(DBN)

Former Girardi Keese CFO ordered to pay over $8.9M in restitution, serve prison time for embezzlement
(DBN)

Alex Murdaugh Accomplice Pleads Guilty to Multiple Charges
(DBN)

Boies Schiller’s Dismissal Effort Denied in Guo Wengui’s $654,000 Fee Fraud Case
(DBN)

Justice Department Flags Conflict in Forever 21’s Bankruptcy Counsel Selection
(DBN)

At least 2 immigration lawyers in Massachusetts received notices to self-deport
(DBN)

Biglaw Firm Had A Big Jump In Revenue
(DBN)

McElroy Deutsch settles suit claiming over $3M embezzlement by former executives
(DBN)

ABA Gets Sued Over Scholarship That “Discriminates Against Whites”
(DBN)

Forget The Hype… What Does Good Legal AI Even Look Like?
(DBN)

Trump Administration Won’t Let Acting Social Security Head Testify About Adding Immigrants To ‘Master Death List’
(DBN)

Sarah Palin makes libel claims against The New York Times to a new jury
(DBN)

ICE Agents Realize They Arrested Wrong Teen, Say 'Take Him Anyway' Judge grants Justice Department's request to drop criminal case against alleged top MS-13 leader ‘Fox & Friends’ Hosts Baffled by Trump’s Plan to Jail Americans Abroad Trump Proposal to Deport Americans Raises Legal Alarms Texas Grandmother Detained by ICE After Car Bursts Into Flames Federal Judge Halts Trump Deportations Amid Fears of False Gang Ties DOGE is collecting federal data to remove immigrants from housing, jobs
(DBN)

Wrongly deported Maryland man's lawyers, DOJ to face off in court Attorneys for mistakenly deported man bash Trump for skirting SCOTUS ruling The deportation standoff sending the U.S. toward a constitutional crisis Judge orders Trump officials’ depositions, blasts inaction in Abrego Garcia case Donald Trump Hit With New Demand Amid Deported Maryland Dad's Legal Fight White House Defiant Against Supreme Court, Says Ruling Was 'In Our Favor' Justice Department fires immigration lawyer who argued case of mistakenly deported man Bondi on Abrego Garcia: ‘He’s not a Maryland man’ White House: Abrego Garcia deportation to El Salvador ‘always going to be end result’ Trump admin doubles down on wrongly deported dad's return, accused of ignoring SCOTUS Fact-checking Nayib Bukele and Trump officials on Kilmar Armando Abrego Garcia’s deportation Conservative Judge Doesn’t Pull Punches
(DBN)

2 service members killed near US-Mexico border in vehicle accident
(DBN)

Lawyers say El Salvador blocks access to detained Venezuelans
(DBN)

Lawsuits Over Foreign Students’ Status Find Solid Legal Footing
(DBN)

White House Moves to Limit Newswire Access After AP Lawsuit Win
(DBN)

Donald Trump's Top Prosecutor Blames 'Crazy Black Ladies' for Getting Fired
(DBN)

Gene Hackman’s Mansion Found Infested With Disease-Ridden Rats Records show Gene Hackman’s wife researched symptoms of illness in days before her death
(DBN)

Pennsylvania Governor’s Mansion Fire: Suspect Charged With Attempted Murder and Arson
(DBN)

Jealous Pet-Sitter Jailed for Bomb Threat on Girlfriend’s Cruise
(DBN)

Luigi Mangione Death Penalty Decision Sparks Big Donation
(DBN)

His conviction was hailed as a #MeToo victory. After winning his appeal, Harvey Weinstein is back on trial
(DBN)

What Life Is Like for Sean Combs, Inmate 37452-054
(DBN)

Tesla Loses Court Fight Over Defamation Case Technicality
(DBN)

3-year-old found 'shivering' on roof while parents were passed out from all-nighter: Cops
(DBN)

‘Like a stone hitting my face’: Spectator who hurled bottle at cyclist hands himself into police
(DBN)

"I’m Sick, I’m Sick": She Died in Jail. Now the Company That Failed Her Faces Accountability
(DBN)

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Judges:

Trump Sees Defying Courts on Deportations As Good Politics
(DBN)

Trump again makes John Roberts and the court look weak
(DBN)

Will the court overturn a 1930s precedent to expand presidential power, again?
(DBN)

How judges can hold Trump admin accountable for defying court orders
(DBN)

Pizzas Sent to Judges’ Homes in Name of Judge’s Murdered Son
(DBN)

Republicans quietly hope Supreme Court bails them out on Trump’s trade war
(DBN)

Suit is ‘almost a word-for-word carbon copy’ of prior complaint filed by different lawyers, federal judge says
(DBN)

Judge shuts down Trump's attempt to strip deportation protections from 500,000 immigrants
(DBN)

Trump to appoint two Northern District Mississippi judges after Aycock takes senior status
(DBN)

Federal judge drops contempt case against ICE agent over arrest outside Boston courthouse
(DBN)

Colorado judge puts temporary hold on deportations sought by Trump under Alien Enemies Act
(DBN)

Who Is Paula Xinis? The Federal Judge Taking On Trump Over a Mistaken Deportation 'You lost': Judge gives Trump admin a reality check on wrongfully deported dad case 'They can't hide the ball': Judge cracks the whip on Trump lawyers in deportation case
(DBN)

The Supreme Court threatens to bring “Don’t Say Gay” to every classroom in America
(DBN)

The Republican attempt to steal a state supreme court election, explained
(DBN)

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Wall Street:

S&P 500 futures slide as Nvidia shares tumble, traders await retail sales data Shares skid as Nvidia hurt by US chip-sale curbs, gold hits record
(DBN)

Stocks close slightly down amid tariff uncertainty
(DBN)

Bank Trading Desks Are Minting Money From Trump’s Tariff Chaos
(DBN)

NY AG Letitia James looking at possible insider trading around Trump’s tariff pause
(DBN)

Wall Street Banks Stuck With $2.2 Billion Debt for Apollo Deal
(DBN)

How Wall Street got Donald Trump wrong
(DBN)

Corporate Insiders Flash Bullish Stock Sign by Buying Into Rout
(DBN)

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Layoffs:

About 25% of IRS workers planning to take buyout offer
(DBN)

HHS layoffs may be illegal, legal experts say
(DBN)

SFUSD proposes major cuts to central office, slashing student services, curriculum unit
(DBN)

Cayuga Centers lays off 200
(DBN)

Commerce refires probationary employees as court order lifts
(DBN)

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Fashion:

Ralph & Russo faces new bankruptcy, three years after shake-up
(DBN)

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Food/Beverage:

Burger King Franchisee Files for Bankruptcy After $100M Financial Crisis Dozens of Burger King restaurants plunged into jeopardy after another franchisee files for bankruptcy 57-unit Burger King franchisee files for Chapter 11 bankruptcy
(DBN)

Once-Popular Chain Restaurants That Have Filed For Bankruptcy In 2025
(DBN)

Republicans Are Right About Soda
(DBN)

I’m a coffee expert for a specialty importer and café. We just raised our prices, and I expect others will do the same.
(DBN)

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Finance:

Risky corporate borrowers shut out of bond market since Trump’s tariff blitz
(DBN)

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Personal Finance:

The interview mistake that makes Gen Z job seekers look ‘entitled’
(DBN)

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Tech:

Apple could face a customer loyalty crisis if tariffs boost prices, says tech analyst
(DBN)

iPhone Fold rumored to cost over $2000
(DBN)

AI Licensing Startups Bloom in Wake of Copyright Legal Battles
(DBN)

Nvidia Warns Trump Curbs on China Chips to Cost $5.5 Billion
(DBN)

ASML CEO Warns US Tariffs Are Creating Chip Sector Uncertainty
(DBN)

OPENAI working on social media platform to rival X
(DBN)

‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years
(DBN)

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Economy:

Investors dodge U.S. dollar and Treasuries, scared by Trump’s trade war
(DBN)

Janet Yellen says America would be ‘lucky to skirt a recession’
(DBN)

M&T predicts economy 'slowdown,' not recession
(DBN)

Fed resists pressure to rescue Treasury market
(DBN)

European rating agency Scope sends US downgrade warning
(DBN)

Manufacturing: Good for America, But Not for Americans?
(DBN)

Higher prices or recession? Only one of these inflation predictors can be right.
(DBN)

Top economist predicts recession risks are ‘moving higher with each day’ Watch
(DBN)

Tariff carve-outs underscore weak US position in China trade war: ‘This is going to get really ugly’ What Trump’s team really wants out of tariffs Johnson & Johnson expects $400 million in tariff-related costs, mostly related to China Tariffs won’t boost U.S. manufacturing — tax cuts will, Johnson & Johnson CEO says Japan's chief trade negotiator to visit Washington for tariff talks this week Anthony Scaramucci Rips Trump’s Tariffs as ‘Stupidest’ Economic Policies in U.S. History How Trump’s Tariffs Could Lead to Global Recession The White House pressed for fast negotiations with its shock and awe tariffs. Now it can’t drum up enough interest from a ‘first mover’ EU Expects US Tariffs to Stay as Talks Make Little Progress U.S. Reputation Worsens Amid Tariffs Announcements Here’s what’s about to become more expensive with the next round of tariffs Tariffs on toilet paper? Europe threatens tit-for-tat levies on a range of US goods if trade talks fail Novice Japan Negotiator Seeks to Strike First Deal With Trump Trump Launches Critical Minerals Probe to Weigh New Tariffs California is first state to sue Trump on tariffs
(DBN)

JPMorgan’s Jamie Dimon warns Trump that trade war risks US credibility
(DBN)

Are Global Consumers Turning Away From U.S. Brands?
(DBN)

Can Trump’s Tariffs Be Undone In Court? First Lawsuit Targets ‘Liberation Day’ Orders As Conservative Lawyers Protest Policy Lawsuit savages Trump's tariffs as illegal and 'unprecedented power grab'
(DBN)

Millionaire Tax Hike Gains Steam as Trump Signals Openness
(DBN)

The real reasons the CEO-worker pay gap spiraled out of control in America
(DBN)

Pay more tax? That is not in US companies’ D&A
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Who’s to Blame for America’s Housing Crisis?
(DBN)

Three nontraditional living situations Americans are adopting to make housing more affordable
(DBN)

Democrats ask watchdog to probe mortgage giant overhaul
(DBN)

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Oil/Gas:

Exxon Must Face Trespass Suit Over Refinery Pollution
(DBN)

Trump Energy Boss’s Company Plunging 40% Is a Warning for US Oil Production
(DBN)

Goldman Sachs Warns of Sub-$40 Oil Under One Scenario
(DBN)

Oil Dips as Tariff Tensions Linger
(DBN)

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Education:

Trump threatens to remove Harvard’s tax-exempt status Harvard law professor defends university’s decision to ‘take a stand’ against Trump Obama praises Harvard after the Trump administration pulls billions in funding Obama blasts Trump administration's 'unlawful' Harvard demands Meet the Conservative Lawyer Helping Harvard Take On Trump Lawyers for Harvard in Trump administration dispute are no strangers to high-profile legal matters Harvard Knows One Big Thing: Trump Is Not All-Powerful Harvard’s challenge to Trump administration could test limits of government power Harvard Literally Can’t Comply Donald Trump's War With Harvard Might Not Go To Plan. Here's Why Multiple Colleges Join Harvard in Fight Against Trump Admin Harvard receives support from Yale, Stanford
(DBN)

The Little-Known Bureaucrats Tearing Through American Universities
(DBN)

Jewish groups condemn ‘false choice’ as Trump targets universities, students
(DBN)

US arrests co-founder of Palestinian student group at Columbia University Why Is Trump Targeting So Many International Students?
(DBN)

Judge rules against parents who wore wristbands to protest transgender student athlete
(DBN)

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Healthcare:

Wellpath Reaches Agreement with UCC on Chapter 11 Plan and Swift Timeline for Emergence from Bankruptcy
(DBN)

Bankrupt Healthcare giant with 181 hospitals starts closure process
(DBN)

Judge orders Insight to return some equipment inside Trumbull hospitals
(DBN)

CarePoint Health exits bankruptcy, hands 3 hospitals over to Hudson Regional Hospital CarePoint Health exits bankruptcy, offloads portfolio
(DBN)

Medicare proposes 2.4% pay hike for inpatient hospitals next year
(DBN)

Many CMMI models didn’t generate savings: report
(DBN)

Tariff turmoil: Hospitals, device makers welcome pause, but fear long-term pain
(DBN)

Texas Dad Doesn't Regret Not Vaccinating Daughter After She Dies of Measles
(DBN)

Inside 'anti-vaxx' US town being overwhelmed by world's most infectious disease
(DBN)

Translating what Kennedy's anti-vaccine allies hear in his response to the measles outbreak
(DBN)

Texas Measles Cases Appear to Slow as RFK Jr. Downplays Vaccine Texas says measles cases rise further, CDC sends more help US measles cases are undercounted, experts say, but real numbers are proving hard to pin down
(DBN)

Autism rate increased, CDC says in report that contradicts RFK Jr. on cause US autism rate continues to rise, CDC says, pointing to greater awareness and better screening 1 in 31 children have autism: CDC
(DBN)

The truth about CT scans: The common health check could drive 103,000 cancer cases, research warns
(DBN)

Democratic senators call on RFK Jr. to keep rule allowing Medicare coverage of anti-obesity drugs
(DBN)

German palliative doctor charged with 15 counts of murder
(DBN)

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Banking:

Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC
(DBN)

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Tourism:

Tourism Pullback and Boycotts Set to Cost U.S. a Staggering $90 Billion
(DBN)

Japan crosses 10 million visitors through March at fastest ever pace
(DBN)

Canadian university teachers warned against traveling to the United States
(DBN)

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Comic Books:

The Week in Diamond Bankruptcy: more fees, more filings, more loans
(DBN)

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Biofuels:

US Biofuel Industry Sees Threats to Feedstock From Trump Tariffs
(DBN)

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Credit Cards:

Judge tosses Biden-era CFPB rule capping credit card late fees
(DBN)

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Nursing Homes:

Bankruptcies at suburban senior homes collectively cost residents millions of dollars in entrance fees
(DBN)

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Politics:

Trump Approval Rating Tracker: Latest Survey Shows Record Low As Americans Oppose New Tariffs Donald Trump's Approval Rating Implodes With Republican Pollster Donald Trump Touts New Poll as MAGA Support Surges
(DBN)

A storm of dissent against MAGA is brewing into a hurricane
(DBN)

Trump is halfway to making America a police state
(DBN)

Did Elon Musk leave DOGE? Why White House press secretary says he hasn't left his position
(DBN)

DOGE trumpets unemployment fraud that the government already found years ago
(DBN)

Why Trump’s Heir Apparent Will Come Out of the Trade Wars
(DBN)

Cuomo, front-runner in the New York mayor’s race, denied millions in matching funds Ackman Donates $250,000 to Cuomo’s New York City Mayoral Run
(DBN)

California insiders say ‘meh’ to a potential Kamala Harris for governor run
(DBN)

Core Democratic groups are preparing to be targeted by the Trump administration
(DBN)

Buzz builds around Ocasio-Cortez’s future ‘It’s a dire time’: Bernie Sanders, AOC draw 12,000-plus to Idaho rally Ocasio-Cortez raised $9.6 million in three months, smashing her own record
(DBN)

The Latest Harrowing Attack on Democratic Norms
(DBN)

White House Reacts to Chinese AI Memes Making Fun of Trump and Vance
(DBN)

Steve Bannon Hints at '4 or 5' Ways Trump Could Get Third Term Donald Trump Eligible to Run for Third Term, Half of MAGA Republicans Say
(DBN)

Trump ally Steve Bannon ignites new MAGA civil war as he turns on 'unmitigated disaster' cabinet member | Daily Mail Online
(DBN)

Trump administration looking at closing nearly 30 overseas embassies and consulates
(DBN)

Trump donors eye potential bonanza if US succeeds with Greenland land-grab
(DBN)

Pentagon’s ‘SWAT team of nerds’ resigns en masse
(DBN)

DeSantis says Florida Republicans ‘rotten,’ ‘colluding with Democrats’ amid Hope Florida controversy
(DBN)

House Dems eye stocktrading ban
(DBN)

Biden reemerges on the attack, but doesn’t mention Trump
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Reform:

How Do Bankruptcy Reforms Get Enacted In Congress?
(DBN)

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Lender Liability:

Lender Liability At Forty: Thinking Through “Implied Covenant” Claims
(DBN)

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Intercreditor:

Co-ops offer ‘false sense of security’ against LMEs
(DBN)

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Personal Genomics:

US House committee seeks testimony from 23andMe co-founder after bankruptcy
(DBN)

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Aviation:

United Airlines gives two 2025 profit outlooks, calling economy ‘impossible’ to predict
(DBN)

Dozens of student pilots sue United Airlines and its flight school over fraud allegations
(DBN)

Southwest Airlines is getting rid of another perk for passengers
(DBN)

China’s Tariff Wrath Is Now Coming for Beleaguered Boeing ‘The Trump administration can’t ignore Boeing,’ BofA says after China reportedly halts imports from the U.S. aircraft manufacturer China Southern Halts Sale of Boeing Jets on US New-Plane Freeze
(DBN)

Gol Airlines Delays Financing Proposal Deadline Amid Tariff Concerns
(DBN)

'Very unusual': Newly released videos show accused stowaway boarding flight
(DBN)

____________

Utilities:

Squeezed by Trump, blue states try squeezing utilities in return
(DBN)

The Quiet Takeover of U.S. Utilities
(DBN)

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Fraud:

Do Trump Admin Policies Mean Reduced Risk of White-Collar Prosecutions?
(DBN)

____________

Climate:

Federal judge orders immediate thaw of climate, infrastructure funds
(DBN)

Gold bars and an FBI probe: Inside Trump’s effort to pry back $20B from Biden’s climate spending
(DBN)

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Television:

Legacy broadcasters account for just more than 10 percent of TV viewership in March
(DBN)

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Retailing:

Forever 21 creditors face large losses under bankruptcy plan
(DBN)

Forever 21 creditors probe IP sale to Authentic Brands Group
(DBN)

Moody’s downgrades retail’s outlook on ‘bleak’ prospects amid trade war
(DBN)

Hundreds of Big Lots to reopen under new ownership
(DBN)

Pottery Barn rival with over 260 locations across the US eyes bankruptcy as prices set to soar
(DBN)

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Pharma:

US launches probe that could set stage for pharma tariffs
(DBN)

Johnson & Johnson CEO warns US tariffs may disrupt drug supply
(DBN)

Trump signs healthcare executive order that includes a win for pharma companies
(DBN)

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Paper Products:

Key toilet paper brand files for bankruptcy
(DBN)

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Autos:

Trump tariffs could prove nearly as harmful to U.S. auto market as Lehman collapse and COVID outbreak, warn S&P forecasters
(DBN)

Some U.S. Autos Get A Tariff Exemption From Canada—If They Keep Production Plants
(DBN)

Tesla, Ford, General Motors brace for tariff squeeze in ‘no ordinary’ earnings season for beleaguered car industry
(DBN)

As Trump considers auto tariffs pause, parts exemptions could be key for US industry
(DBN)

China trade war risks stifling America's electric car movement
(DBN)

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UK:

What are the Key Takeaways for managing HMRC in a UK restructuring plan (RPs) and beyond?
(DBN)

A Qualified Defense of the Rule in Gibbs
(DBN)

Insolvency cases that will define the profession in 2025
(DBN)

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EU:

World wants more trade with Europe since Trump-driven uncertainty, von der Leyen says
(DBN)

EU calls on Trump to engage in ‘two-way street’ on tariffs
(DBN)

JD Vance: Europe can’t be a ‘permanent security vassal’ of the US
(DBN)

____________

Russia:

NATO chief reaffirms support for Ukraine during visit to Odesa
(DBN)

7 Critical Things Trump Doesn’t Understand about Putin
(DBN)

Witkoff says US ‘finally’ got answer on Putin’s demands for peace
(DBN)

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Venezuela:

Inflation, currency woes worsen Venezuela’s complex crisis as Maduro declares ‘economic emergency’
(DBN)

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MENA:

Trump holds situation room meeting on Iran nuclear deal negotiations Iran Couldn’t Avoid Talking With Trump Any Longer Trump envoy stresses need for verification in Iran nuclear talks Witkoff in Apparent Reversal Says Iran Must Halt Nuclear Enrichment - WSJ Iran says its right to uranium enrichment is non-negotiable
(DBN)

New Satellite Photos Show U.S. Carrier Deployed for Middle East Attacks
(DBN)

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China:

China's $108 Billion Trust Meltdown: The Next Lehman Moment?
(DBN)

Creditors Seek to Force Chinese Builder Xinyuan Into Bankruptcy
(DBN)

Why Are Chinese Fashion Manufacturers Going Viral On TikTok Amid The Tariffs Chaos?
(DBN)

China Q1 GDP growth tops expectations, but US tariff shock looms large
(DBN)

Ball in China's court for trade talks, White House says China Open to Talks If US Shows Respect, Names Point Person China has a plan to win Trump’s trade war Why Trump Could Lose His Trade War With China
(DBN)

Global banks cut China growth forecasts as trade war deepens
(DBN)

In latest salvo against tariffs, China assails ‘peasants in the U.S.’
(DBN)

China accuses US of launching 'advanced' cyberattacks, names alleged NSA agents
(DBN)

Hong Kong Postal Service Halts US Parcels on Tariff ‘Bullying’
(DBN)

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Chile:

Chilean company WOM emerges from Chapter 11 bankruptcy with creditor takeover
(DBN)

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Australia:

Australian casino operator Star swings sharply as trading resumes after weak results
(DBN)

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Japan:

BOJ to cut growth forecast as US tariffs hit, sources say
(DBN)

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Panama:

A jungle route once carried hundreds of thousands of migrants. Now the local economy has crashed
(DBN)

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India:

Homebuyers first in line in developer insolvencies
(DBN)

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South Africa:

The Dawn of a New Insolvency Era: Is 14 April 2025 a Defining Moment for South Africa’s Business Rescue Framework?
(DBN)

A Guide to The Johannesburg High Court – dedicated Insolvency Court Project
(DBN)

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Italy:

Threats and Insults in the Bankruptcy Courtroom
(DBN)

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