April 18, 2025

The Daily Bankruptcy News

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Law:

Biglaw Firms Making Trump Deals Reaching The ‘Find Out’ Phase A&O Shearman Will Do $125 Million In Free Legal Work For Trump, But They Draw The Line At Trade Deals! Big Law firms that cut deals with Trump made a big blunder What Do *You* Think About Biglaw Bending A Knee To Trump? There’s Only One Real Way to Reverse Big Law’s Capitulation to Trump
(DBN)

HHS Is Complying With Trump-Targeted Law Firms’ Court Wins
(DBN)

OCI Is Broken—And Big Law Is Losing Its Grip
(DBN)

The Way I See It: Confessions of An Aging Lawyer
(DBN)

Berger Singerman opens Tampa office, adds top bankruptcy attorney Edward Peterson
(DBN)

Paul Weiss Limits Forever 21 Role to Nonbankruptcy Matters
(DBN)

The Legal Arguments Challenging Trump’s Tariffs: Explained
(DBN)

Legal Nonprofit Backs Away From Diversity. That Should Scare Everyone.
(DBN)

Reed Smith Puts Down Their DEI Programs To Dodge The EEOC
(DBN)

Top D.C. Prosecutor Published Trump-Themed Coloring Books
(DBN)

AI is the future of law, but most legal pros aren’t trained for it, new report says
(DBN)

Former DOJ lawyer faces disbarment for entanglement in ‘one of the largest kleptocracy schemes in history’
(DBN)

Bringing New Meaning To ‘Solo Practitioner,’ Attorney Warned After Streaming 60+ Hours Of P--- At Work
(DBN)

Easy Steps For Keeping Moms In The Legal Profession
(DBN)

Conservative group sues ABA over Legal Opportunity Scholarship Fund program
(DBN)

The Pardon-to-Prison Pipeline
(DBN)

Trump DOJ opposes letting Jan. 6 defendant 'examine and publish' case evidence, discovery
(DBN)

Jan. 6 defendants, allies vexed with Trump admin
(DBN)

Mike Lindell says he can't abide by his own proposed payment plan in Smartmatic case Tears on my MyPillow: Weeping pro-Trump conspiracy theorist Mike Lindell tells judge he has no money to pay fines: ‘I’m in ruins’ Mike Lindell Says He's Living Off $1000 a Week
(DBN)

El Salvador becoming 'black hole' for US deportees, critics fear Once a champion for Venezuelans, Rubio endorses Trump decision to end Venezuela TPS Could Trump invoke Insurrection Act – and what powers would that give him? He Wanted Peace in the Middle East. ICE Wants to Deport Him Family 'threatened with death' by cartel asks SCOTUS to halt deportation to Mexico
(DBN)

Kids Testify The Darnedest Things… When Forced To Represent Themselves By The Trump Administration
(DBN)

First habeas petition directly challenges indefinite detention in notorious foreign prison
(DBN)

Pam Bondi Insists Wrongly Deported Dad’s Wife and Child Are Better Off With Him Gone
(DBN)

Justice Department wants to step in for Trump in E. Jean Carroll appeal
(DBN)

Newsom sues DOGE over AmeriCorps cuts, saying it ‘gives the middle finger to volunteers’
(DBN)

Trump Seeks to Move Newsom’s Tariff Challenge Out of California
(DBN)

The Russian TV Darling Gunning for U.S. Attorney
(DBN)

Ex-Harvard morgue manager charged with selling stolen body parts to plead guilty
(DBN)

Why Diddy wants sexually squeamish people banished from the jury pool before voir dire even starts
(DBN)

2 killed in Florida State shooting; suspect is the son of a sheriff's deputy Florida State University shooter opened fire from 'orange Hummer' in terrifying campus attack Active shooter opens fire on FSU campus, at least 5 seriously injured as heavily-armed cops rush to scene Suspect in custody in Florida State shooting Who Is FSU Shooting Suspect Phoenix Ikner? What We Know
(DBN)

Judge Denies L.A. DA Motion To Delay Menendez Brothers’ Resentencing Hearing, Defense Lawyer Accuses Prosecution Of Playing Politics With Case Menendez brothers will have to keep waiting for judge's answer on resentencing
(DBN)

Schumer calls for federal hate crime investigation into Shapiro arson attack
(DBN)

'Not a joke': Calif. woman's claims about dad killing 400 people create a frenzy
(DBN)

Woman Who Faked Muteness for 16 Years Busted After Giving Directions
(DBN)

Man 'disemboweled' his 74-year-old dad after becoming convinced he was an alien: Cops
(DBN)

Firefighter stole $200 from dead man, calling it 'a little bit of lunch money:' Cops
(DBN)

Family told by authorities that relative was found dead finds out that she's alive
(DBN)

'Murder Squad' gang member killed innocent bystanders 'for sport,' went on human 'hunts'
(DBN)

Dad asked 12-year-old’s mother if she wanted to talk to her daughter ‘one last time’ before he murdered her
(DBN)

Florida man stabbed woman after she criticized his children while in line at supermarket
(DBN)

'Slightest of disagreements': Man killed 8-year-old sister because she was 'talking back'
(DBN)

Long Island DA blasts Gov. Hochul for releasing scores of inmates early after prison strike: ‘Reckless and shortsighted’
(DBN)

Luigi Mangione Federally Indicted After Bondi Says Prosecutors Will Seek Death Penalty
(DBN)

Man Arrested for Shooting Bear That Invaded His Home With Kids Inside
(DBN)

Colorado man convicted of killing his wife after posing as her ex-boyfriend and stalking her
(DBN)

Cops deploy undercover AI bots to infiltrate college protests: report
(DBN)

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Judges:

Bankruptcy Judgeship Opportunity - Northern District of California
(DBN)

BK NV: The Bankruptcy Bugle Newsletter (April 2025) Issue Available
(DBN)

BK WD PA: Public Notice for Reappointment of a Bankruptcy Judge
(DBN)

Trump officials could face criminal contempt over deportations, judge says
(DBN)

Trump challenges judges' probes of compliance with deportation orders Trump DOJ says judge 'crossed' line and created 'fishing expedition' in deported dad case
(DBN)

Here's what happens if Judge Boasberg holds Trump administration in contempt over El Salvador deportations How Judge Boasberg Could Pick the Trump Officials 'In Contempt'
(DBN)

Donald Trump is shrugging off the Supreme Court. These are uncharted waters.
(DBN)

Trump brushes aside courts’ attempts to limit his power
(DBN)

DOJ asks judge to pause order allowing watchdog to depose DOGE administrator
(DBN)

Appeals court calls Trump administration’s defiance over mistakenly deported man ‘shocking’ Fourth Circuit To DOJ: Bro, Do You Even Law? Appeals court won’t lift order to ‘facilitate’ Abrego Garcia’s return in blistering opinion Court Harshly Rejects Trump Admin’s Appeal of Abrego Garcia Order
(DBN)

Sen. Chris Van Hollen meets with Kilmar Abrego Garcia as Trump fights to keep him in El Salvador
(DBN)

Trump Defying Court Orders Is ‘Stress Test’ for the Judiciary
(DBN)

Supreme Court to hear arguments over Trump's bid to partially enforce birthright citizenship executive order Supreme Court to hear rare May arguments in birthright citizenship battle Supreme Court Makes Unusual Move In Birthright Citizenship Case
(DBN)

Trump Finds New Legal Obstacles From His Own Judicial Appointees
(DBN)

Maryland Sen. Van Hollen says he was denied entry to the El Salvador prison holding Abrego Garcia
(DBN)

Trump takes fight with AP over White House access to US appeals court
(DBN)

Plagiarism Panic Hits The Courtroom (Again), And It’s Still Nonsense
(DBN)

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Wall Street:

 

Dow Faces Historic Divergence From S&P After UnitedHealth Plunge
(DBN)

Tariff-wounded stocks find no balm with Powell remarks
(DBN)

How junior bankers can survive the deal slowdown on Wall Street
(DBN)

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Layoffs:

‘People are dropping like flies’: CFPB begins laying off vast majority of staff CFPB Workers Receive Layoff Notices in New Bid to Shutter Agency
(DBN)

Car rental startup Turo cuts 15% of workers after icing IPO
(DBN)

Rumblings of Major Sony Classical Layoffs Emerge as Major Label Cost-Cutting Continues
(DBN)

Hundreds of layoffs coming at Mack, Volvo truck plants in Pennsylvania, Maryland
(DBN)

200 jobs affected at UMass Chan in Worcester due to Trump cuts
(DBN)

Massachusetts biotech company cuts 90% of its workforce
(DBN)

‘It devastates a town’: This analyst says DC’s local economy could take a 40% hit from federal layoffs — here’s the 1 sign he says to look for to show things have gotten ‘really bad’
(DBN)

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Agribusiness:

Trump funding freeze upends agricultural research at US universities
(DBN)

Another farmer who voted for Trump feeling pain — while buddies go bankrupt
(DBN)

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Retailing:

Prominent luxury fashion brand faces potential bankruptcy amid deepening economic crisis
(DBN)

Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs
(DBN)

Retailers Are Directly Blaming Tariffs for New Price Increases
(DBN)

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Economy:

Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll
(DBN)

Trade war puts US on ‘precipice’ of recession: Moody’s chief economist
(DBN)

Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’ Trump Raises Powell Firing as Ire Toward Fed Chair Explodes Powell says Federal Reserve can wait on any interest rate moves Fed Chair Receives Roaring Applause For Vowing to Defy Any ‘Political Pressure’ After Warning of Trump’s Tariff Damage to the Economy Trump suggests he can remove Fed Chair Powell, saying he’s ‘not happy’ with him over interest rates Trump is mad at Powell — again. That doesn’t mean the Fed chair is going anywhere. Trump Needs Someone to Blame Trump: If I ask Powell to leave, ‘he’ll be out of there’ Trump threatens to try and fire Fed chief Powell Markets will ‘crash’ if Trump can fire Fed’s Powell, Elizabeth Warren warns Trump Says He Has Power to Oust Fed’s Powell If He Chooses
(DBN)

Fed's Williams sees no looming need to change monetary policy
(DBN)

US Treasuries Decline as Powell’s Hawkish Message Sinks In
(DBN)

The Financial Crisis of 2025? Better to Be Ready
(DBN)

Made-in-America CEOs are rooting for a manufacturing comeback, but say it takes time to do it right
(DBN)

A tariff headache for major central banks ABB to increase local US production to reduce tariff impact Trump includes U.S. troop costs in tariff talks with Asian allies China, US at impasse over who should start trade talks Shein, Target, and 9 other major brands that say Trump's tariffs are pushing them to raise prices CNBC Brutally Fact-Checks Trump’s Claim Tariffs Are Making the U.S. Rich Trump says he’s in ‘no rush’ to end tariffs as he meets with Italy’s Meloni Trump Official Says US Focused on Negotiating Trade with 15 Countries: List Trump faces imposing timeline to broker 75 trade deals in less than 90 days Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs Vietnam PM Hails ‘Unique Bond’ With US Days After Hosting Xi Trump Says He Is Reluctant to Keep Raising Tariffs on China
(DBN)

IMF expects 'notable markdowns' in growth forecasts, but no global recession
(DBN)

US labor market stable; single-family homebuilding dives amid tariffs Weekly Initial Unemployment Claims Decrease to 215,000 US weekly jobless claims fall as labor market remains stable
(DBN)

Deepfake job candidates flagged as growing cyberthreat
(DBN)

Republicans consider increasing taxes on the rich in break from party orthodoxy
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

A Bankrupt Developer, Actor Kevin James and a $14 Million Fixer-Upper
(DBN)

US single-family housing starts tumble to an eight-month low in March Housing Starts Decreased to 1.324 million Annual Rate in March
(DBN)

Sellers are putting more homes on the market. But it's proving difficult to find buyers.
(DBN)

Many first-time homebuyers are pushing 40 as millennials wait in vain for a better market
(DBN)

Mortgage rates climb to highest level in two months as Trump’s tariffs continue to rock markets
(DBN)

Realtor.com Reports Active Inventory Up 31.2% YoY
(DBN)

HUD Building Put Up for Sale as Trump Looks to Unload Properties
(DBN)

10 U.S. cities with the most affordable rent: ‘Heading west seems to be the way to go’
(DBN)

White House Eyes Overhaul of Federal Housing Aid to the Poor
(DBN)

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Oil/Gas:

China stops buying liquefied gas from the US
(DBN)

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Education:

Harvard Sees ‘Grave Consequences’ as Trump Pushes IRS Action Trump administration says Harvard may lose ability to enroll foreign students Harvard Finances at Risk From Threatened Foreign Student Ban Trump Threatens to Block International Students Unless Harvard Shares Student Data Trump’s Bitter Personal Feud With Rival Billionaires Is Behind His Harvard Hate Campaign House Panel Launches Probe of Harvard, Joining Trump Attack Summers: ‘Any self-respecting Treasury secretary would resign’ over Trump Harvard IRS directive
(DBN)

Trump eyes targeting more tax-exempt groups while denouncing Harvard
(DBN)

Trump says 'very soon' will send education back to states
(DBN)

Trump’s Next Budget Cuts Take Aim at Poor Toddlers
(DBN)

Texas lawmakers advance school choice bill after nearly 11 hours of debate
(DBN)

Californians oppose trans athletes in women’s sports
(DBN)

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Food/Beverage:

Burger King franchisee with 57 locations files for bankruptcy after owing $37M to creditors
(DBN)

Trump Policies Spark Beer Sales Decline Among Hispanic Consumers
(DBN)

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Personal Genomics:

US Says 23andMe Deal Could Prompt National Security Review
(DBN)

23andMe bankruptcy under congressional investigation for customer data
(DBN)

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Media:

Trump’s FCC Commissioner Threatens Comcast’s License Over ‘News Distortion’
(DBN)

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Tax:

Tax attorneys say IRS has become a ‘zombie’ as agency cuts staff and halts audits of the wealthy
(DBN)

____________

Food/Beverage:

TGI Fridays’ CEO shares 4 ways he’s prepping the company for a comeback after its bankruptcy filing
(DBN)

____________

Festivals:

Stoking Uncertainty, Fyre Fest Organizers Again Scrap Location
(DBN)

____________

Telecom:

Mitel Receives Court Approval of its Restructuring Plan
(DBN)

Fiber-Network Firm Zayo in Talks With Creditors to Extend Debt
(DBN)

____________

Corporate Reform:

Under Trump, consumer watchdog to slash industry supervision
(DBN)

____________

Pharma:

Trump’s Executive Order On Prescription Drug Costs Delivers A Win For Pharma Companies
(DBN)

Mark Cuban Optimistic New Trump Order Could Save 'Hundreds of Billions'
(DBN)

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Politics:

America’s Mad King
(DBN)

Donald Trump's Approval Rating Breaks Unwanted Record
(DBN)

Musk’s SpaceX is frontrunner to build Trump’s ‘Golden Dome’ missile shield: Reuters
(DBN)

GOP Senator Admits She Lives in Fear Under Trump: ‘We’re All Afraid’
(DBN)

An influential GOP senator is contradicting Trump’s team — and getting away with it
(DBN)

Elon Musk’s harem exposes the emptiness of Republican ‘family values’
(DBN)

MAGA Socialites ‘Concerned’ As DOGE Threatens to Thwart Diplomatic Roles
(DBN)

Trump Shuts Down Volunteer Agency in Latest DOGE Takeover
(DBN)

Democrats Step Up Trump Resistance as Base Hungers for More of a Fight
(DBN)

AOC draws 3-mile-long line for rally in California’s Trump country
(DBN)

White House ‘Internal Knife Fighting’ Blamed for Pentagon Suspensions Why are Pentagon officials suddenly dropping like flies? Leaks, power, and irrelevance
(DBN)

Trump’s “Gold Card” Immigration Grift Might Actually Be Happening
(DBN)

Grim Reaper Finally Arrives for AmeriCorps
(DBN)

Election guru Nate Silver reveals AOC is Democrat most likely to lead 2028 presidential ticket
(DBN)

Abrego Garcia's deportation case exposes a rift among Democrats over how to take on Trump
(DBN)

____________

Defaults:

Moody's Adjusts Default Forecast Amid Global Trade Tensions
(DBN)

____________

Non-Profits:

Trump Officials Weigh Earth Day Move Against Green Groups
(DBN)

____________

Utilities:

Puerto Rico power restored to 47% of customers after island-wide blackout A look at why an island-wide blackout hit Puerto Rico and what caused it
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (21 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

 

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Mass Torts:

Johnson & Johnson’s “Red River” Bankruptcy Strategy Sinks on Third-Party Release Issues, Voting Irregularities—With Possible Implications for Future Mass Tort Bankruptcy Cases
(DBN)

Lawyers seek second chance from Texas judge in Johnson & Johnson’s talcum case
(DBN)

Sex abuse attorneys want New Orleans Archdiocese bankruptcy case dismissed Survivors’ attorneys frustrated with lengthy mediation in Archdiocese bankruptcy case
(DBN)

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Bankruptcy Reform:

We Need Commissions To Study The Reform Of BAPCPA!
(DBN)

____________

Intercreditor:

Exit Consents in a Liability Management World
(DBN)

____________

Aviation:

Spirit Airlines names new CEO after emerging from bankruptcy
(DBN)

Boeing delivery plant in China latest hot spot in tariff war
(DBN)

Pakistan to seek bids to sell national airline next week
(DBN)

US airlines struggle to forecast their business in worsening economic fog
(DBN)

____________

Tech:

Judge finds Google holds illegal online ad tech monopolies Google Partially Loses US Advertising Tech Antitrust Case
(DBN)

Bill Gates says AI is coming for 2 kinds of jobs that once seemed tech-proof
(DBN)

Viral AI-made art trends are making artists even more worried about their futures
(DBN)

Can AI Be Creative? The Next Wave of Tech Is a Tipping Point for Hollywood
(DBN)

Musk and Dorsey’s Call to ‘Delete All IP Law’ Ignores Reality
(DBN)

iPhone 16e now being made in Brazil as Apple shifts away from China
(DBN)

Most companies just test-driving AI agents: KPMG
(DBN)

Microsoft confirms AI pullback as tariffs compound pressure
(DBN)

Why has a social network where everyone is a bot become so popular?
(DBN)

____________

Celebs:

Floyd Mayweather’s Problems Worsen as 50 Cent Steps In for Damage Control Over Bankruptcy Rumors
(DBN)

____________

Healthcare:

Can a Decaying Hospital With a Grim History Be Brought Back to Life?
(DBN)

Hazel Hawkins board declines to pursue bankruptcy appeal
(DBN)

UConn Health, ConnectiCare miss deadline to renew contract
(DBN)

White House looking to slash $40 billion from health department
(DBN)

UnitedHealth’s stock is plunging on higher medical costs. That may mean trouble for more insurers UnitedHealth shares tank after earnings miss, forecast cut as medical care costs soar UnitedHealth's earnings shock is tanking the entire health insurance industry
(DBN)

Beyond Ivy League, RFK Jr.'s NIH slashed science funding across states that backed Trump
(DBN)

Supreme Court to hear challenge to Obamacare rule on free preventive care
(DBN)

How Long Will Republicans Deny They Want to Cut Medicaid?
(DBN)

____________

Climate:

Trump’s Offshore-Wind Halt Risks $28 Billion of Investment
(DBN)

Release of E.P.A. Climate Grants Is Paused by New Court Ruling
(DBN)

____________

Sovereigns:

Sovereign vs. Corporate Debt and Default: More Similar than You Think
(DBN)

____________

UK:

KKR Will Have to Fight for Private Equity’s Smelliest Deal
(DBN)

____________

EU:

Trump says '100%' confident of US trade deal with EU
(DBN)

EU Weighs Export Restrictions on US If Trade Negotiations Fail
(DBN)

ECB Cuts Interest Rates Again as Trump Tariff Fears Threaten Recovery ECB slashes rates again as desperation mounts over trade war impact European Central Bank cuts interest rates, warns of ‘deteriorated’ growth outlook on trade tensions
(DBN)

Italy says to meet NATO's 2% of GDP defense spending goal this year
(DBN)

____________

Canada:

Supreme Court of Canada clarifies treatment of student loan debt under bankruptcy law
(DBN)

'Single-date' method right way to determine when bankrupt individuals ceased to be students: SCC
(DBN)

Canada Discovers Uniting Against Trump Is the Easy Part
(DBN)

Canadian Investment in US Stocks Hit Record in February Despite Trade Tension
(DBN)

____________

MENA:

UN Nuclear Watchdog Says US-Iran Talks Are at Crucial Stage
(DBN)

Iran's Khamenei sends letter to Putin ahead of talks with US
(DBN)

Turkish central bank surprises with rate hike to 46% after market turmoil
(DBN)

USA says Chinese firm helping Houthis target American warships
(DBN)

Saudi Banks Would Benefit Only Modestly from Bad Debt Securitization
(DBN)

____________

China:

China's Sunac reaches second debt restructuring deal with some major creditors
(DBN)

Evergrande Group liquidation committee to consist of creditors only
(DBN)

Nvidia CEO Visits Beijing After US Bars Chip Sales to China
(DBN)

China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods
(DBN)

Trump tariffs ironically cast spotlight on Beijing-led free trade
(DBN)

China Pledges to Help Tariff-Hit Exporters Find Local Buyers
(DBN)

US tariffs bring stalled shipments and uncertainty for Chinese exporters
(DBN)

China says it will ignore US 'tariff numbers game'
(DBN)

Global shippers await word on US plan to hit China-linked vessels with port fees Trump Moves to Levy Chinese Vessels in Widening Trade War
(DBN)

____________

Russia:

Russian barriers to re-entry stymie prospects of Western companies' return
(DBN)

U.S. 'will move on' from Ukraine peace efforts if no progress within days, Rubio warns
(DBN)

Trump Says US to Sign Ukraine Minerals Deal Next Thursday
(DBN)

Russian contacts with Witkoff are very productive, Putin envoy says
(DBN)

Russia celebrates as Trump 'destroying liberal world' and 'serving Russia's interests'
(DBN)

Zelenskiy says Russia has reduced strikes on energy, but hitting civilian infrastructure instead
(DBN)

Wealth of Russia's richest people rises to record $625.5 billion
(DBN)

Europe and America, at Odds Over Ukraine, Try Talking to Each Other
(DBN)

Russia Seizes US Company's Soup To Feed Soldiers: Report
(DBN)

____________

Venezuela:

US judge to decide on starting bid in Citgo parent auction following hearing
(DBN)

____________

Japan:

Japan's exports expand in March as US tariffs feared to hit economy broadly
(DBN)

____________

India:

Byju’s insolvency case: NCLAT sets aside BCCI and Riju Raveendran's plea on settlement for Byju's In A Blow To BYJU’S, NCLAT Says Creditors Have ‘Liberty’ To Decide On INR 158 Cr Settlement With BCCI NCLAT sets aside BCCI and Riju Raveendran's plea on settlement for Byju's
(DBN)

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