April 23, 2025

The Daily Bankruptcy News

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Law:

Contingency cases fueled ‘extraordinary year’ for Boies Schiller, with gross revenue jumping nearly 60%
(DBN)

The $2 Billion Biglaw Club
(DBN)

Biglaw Captured Almost Half Of All Legal Spend Last Year
(DBN)

Rachel Cohen, Former Skadden Associate, To Be Honored For Condemning Trump’s Assault On The Rule Of Law When Trump Calls Out Your Law Firm, Pay Attention to the Vibes Money v. Morals: Which Will Law Students Choose When It Comes To Job Offers From Biglaw Firms That Made Deals With Trump? Trump ‘Shakedown’ Deals Prompt More Questions for Law Firms Legal Leaders Call for Unified Response to Executive Orders Challenging Rule of Law Big Law Weaknesses, Partner Loyalty Tested Under Trump Orders Navigating Political Pressures: How Law Firms Balance Culture and Cohesion Amid External Scrutiny
(DBN)

Trump-Targeted Law Firms See Lobbying Business Largely Unscathed
(DBN)

‘There Are A Lot Of Fears’: Law Schools Are Getting Really Anxious About Trump’s Stranglehold On The Rule Of Law
(DBN)

Law Students Getting In On The Amicus Brief Action Challenging Trump Executive Order
(DBN)

Kirkland & Ellis Defies Market Slowdown with £10 Billion in KKR Deals Across Europe
(DBN)

Law firms are facing new competition from accounting heavyweights
(DBN)

Baker Donelson snags 26-lawyer Epstein Becker Green team, launches NJ practice
(DBN)

Is Legal AI Approaching The Chasm?
(DBN)

California bar seeks to reduce pass score after disastrous exam rollout
(DBN)

NY Courts Split Keeps Legal Aid Attorneys Unsure of Pay for Work
(DBN)

Top NY prosecutor steps aside, clears way for Trump's nominee to take over
(DBN)

Abrego Garcia's attorneys decry administration's 'failure to comply' with court order Her husband was mistakenly deported. Now she’s caught in a political frenzy Republicans lean in on Abrego Garcia case Is Kilmar Abrego Garcia a criminal? Great question Justice Dept. Continues to Stonewall on Efforts to Return Maryland Man
(DBN)

DOGE Gets Access to Sensitive Data for Millions of Migrants: What To Know A Venezuelan Is Missing. The U.S. Deported Him. But to Where? U.S.-born California man told to leave the country immediately
(DBN)

DOJ Makes Up Fake Supreme Court Quote About Deportation Hoping No One Notices
(DBN)

Woman dressed as ICE agent, equipped with walkie-talkie kidnaps ex-boyfriend's wife: Cops
(DBN)

Adams Prosecutors Resign, Saying DOJ Asked Them to ‘Confess’ 3 Adams Case Prosecutors Resign Rather Than Express Regret to Justice Dept. 3 federal prosecutors assigned to Eric Adams case resign, say they won't admit to 'wrongdoing'
(DBN)

Top DOJ Civil Rights Division Supervisors Said to Be Reassigned
(DBN)

Trump Admin Offers $5 Million for Anyone Who Helps Capture MS-13 Leader
(DBN)

Judge Orders Elon Musk's Emails Are Fair Game in Tesla Lawsuit
(DBN)

A Ticking Clock on American Freedom
(DBN)

Jury Begins Deliberating in Palin’s Case Against The Times NYT did NOT libel Palin, jury finds
(DBN)

Florida man caught on camera pinning down 11-year-old girl he thought was egging his home
(DBN)

Idaho woman forcibly dragged from GOP town hall seeks $5 million in damages 6 men charged in woman’s removal from Idaho town hall
(DBN)

Map Shows Where Teens Being Banned From Stores as Crime Surges
(DBN)

Harvey Weinstein’s Life Behind Bars: “He’s Still Running S---”
(DBN)

We Can Prove Scott Peterson Didn’t Murder Laci: Innocence Project
(DBN)

Stanford grad sentenced for 'DoorDash-style' drug trafficking service
(DBN)

Lori Vallow Daybell convicted in ex-husband Charles Vallow's death
(DBN)

What can Luigi Mangione’s trial tell us about unbiased juries? Healthcare Companies Screwed Over So Many People That It’s Hard To Find Luigi Mangione A Neutral Jury
(DBN)

19-year-old stabbed her parents after they wished her a 'Happy Resurrection Day': Police
(DBN)

Son sent photo of dead mother to friends on Snapchat after beating her to death: Police
(DBN)

Man with acid-shooting gun had plans to 'defeat' government without 'firing a single shot'
(DBN)

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Judges:

Roberts, Gorsuch Join Liberal Justices in Supreme Court Immigration Ruling
(DBN)

One thing the modern Supreme Court can agree on is disagreeing over religion
(DBN)

Trump blasts Supreme Court while arguing trials for migrants ‘not possible’
(DBN)

If Trump Keeps Defying Courts, What’s the Endgame for Judges?
(DBN)

Seeing power abuse by federal judges, 5th Circuit judge warns of ‘hundreds of kings in judicial robes’
(DBN)

Sam Alito Dissent Would Get Him Cold-Called Into Oblivion In Law School
(DBN)

These Supreme Court Justices Have The Money
(DBN)

Group Founded by Trump Aides Sues for Judiciary Office Records
(DBN)

‘That ends now’: Judge overseeing Abrego Garcia case knocks Trump administration for repeated stonewalling Deported man's attorneys say DOJ isn't providing answers ordered by judge
(DBN)

Judge notes 'fundamental' problem with Trump's use of wartime law to justify deportations Judge seems skeptical of letting Trump resume deportations under 18th-century wartime law
(DBN)

Judge blocks removal of 2 Oregon college students, orders student visa status restored
(DBN)

‘I’m astounded’: State AG slams brakes on immigrant arrests after judge rips state prosecutors and law enforcement for violating order she gave blocking them
(DBN)

Magistrate resigns after alleged Venezuelan gang member is arrested while living in his casita
(DBN)

Appeals court scouts middle ground on Trump transgender military ban
(DBN)

Judge skewers DOJ lawyer during oral arguments on transgender military ban
(DBN)

Trump Tries to Push Tariff Fight to Trade Court With Better Odds
(DBN)

Magistrate who used slur has ‘shown no aptitude for self-improvement,’ top state court says in removal order
(DBN)

Supreme Court appears to favor parents’ right to opt out of LGBTQ+ stories for their children Supreme Court majority appears to side with parents who object to instruction using LGBTQ storybooks
(DBN)

Trump ordered to give some Venezuelans 21 days notice before deportations
(DBN)

Federal Judges Sue Los Angeles Utility Over Infrastructure-Linked Wildfire Damage
(DBN)

Jury convicts a California judge of second-degree murder in his wife’s shooting death
(DBN)

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Wall Street:

Dow futures jump 600 points after Trump says he doesn’t plan to get rid of Fed chief US Stock Futures Rise After Trump Tamps Down Powell Criticisms
(DBN)

Dow jumps 1,000 points Tuesday to snap four-day string of losses
(DBN)

Trump, Bessent and Musk give markets the reassurance they need
(DBN)

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Layoffs:

EPA starts layoffs of environmental justice employees
(DBN)

State to slash 15% of domestic staff, eliminate 132 offices Rubio, DOGE reportedly plan to eliminate 700 jobs
(DBN)

More Manufacturing Workers Told They’re Being Liberated From Jobs
(DBN)

U.S. schools face tough staffing cuts as relief funds run out and student numbers drop
(DBN)

Intel to Announce Plans This Week to Cut Over 20% of Staff Intel Reportedly Plans to Layoff Over 21,000 Workers This Week
(DBN)

Bankrupt healthcare giant axes hospitals and lays off all their staff in devastating blow for locals
(DBN)

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Hotels:

San Jose hotel tower clears key hurdle in quest for fresh loan funds
(DBN)

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Entertainment:

Judge Sets May Deadline For Bids On Bankrupt Village Roadshow Want to Buy Village Roadshow’s Stake in ‘The Matrix’? It’ll Cost At Least $417.5M
(DBN)

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Climate:

Trump administration minimized federal climate scientists’ findings of record CO2 growth
(DBN)

Nearly half of Americans live in an area with a failing grade for air pollution, and the problem is only getting worse
(DBN)

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Comic Books:

The 2024 Contract Between Titan & Diamond Comic Distributors, Revealed Titan Comics Vs Diamond Comic Distributors Over What Happens Next
(DBN)

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Tax:

DOGE’s Grab for Individual Taxpayer Data Risks Eroding Privacy
(DBN)

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Recycling:

Why this small, Middle Georgia town remains divided about a $1B plastics plant
(DBN)

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Trucking:

Volvo’s Truck Sales Decline With Tariffs Clouding Outlook
(DBN)

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Economy:

Trump Is Laying the Groundwork to Blame Powell for Any Downturn Wall Street’s big voices are weighing in on Trump’s feud with Powell — and most aren’t happy Can Trump fire Powell? Congress may be powerless to stop him Trump renews attack on Powell in call for rate cut; borrowing costs rise Trump says he has ‘no intention’ of firing Fed Chair Powell
(DBN)

If Trump wants rate cuts, he would likely need to replace the Fed’s full board along with Powell
(DBN)

10-year yield dips after Trump backtracks on plans to axe Fed chief
(DBN)

Fed’s Barkin Sees Economy Stable, Lack of Confidence Worrisome
(DBN)

Kashkari Says Fed Must Ensure Tariff Inflation Not Persistent
(DBN)

Sycamore’s Okada Sees US Recession as ‘More Likely Than Not’
(DBN)

Summers Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit
(DBN)

Tariffs threaten global economic outlook, IMF says Trump's Tariffs Slash Global Growth in 2025: IMF Murdoch Newspaper Calls Out Trump for Making Biggest ‘Mistake in Decades’ Trump’s Tariffs Will Pay Off, for China US Treasury secretary says trade war with China is not ‘sustainable’ Bessent says he expects ‘de-escalation’ in U.S.-China tariff fight in the ‘very near future’ Trump says China tariffs will ‘come down substantially,’ hinting at potential U-turn Here's what this Fed insider is watching to see if trade wars start to wound the U.S. economy US court keeps Trump tariffs in force against group of small businesses From Fake Eyelashes to Care Bears, U.S.-Bound Goods Are Stuck in Tariff Limbo Billionaire investor Dan Loeb thinks Trump needs to make some trade deals and get ‘some points on the board’ Trump needs to strike some trade deals so people can 'start to plan,' says Goldman Sachs CEO David Solomon Trump had a ‘test case’ for trade negotiations with Japan. The failure to reach a deal now has analysts wondering if any will be signed Donald Trump's Tariffs Take an Ironic Twist Defense stocks sink as RTX warns of $850 million hit from tariffs These companies say they're investing more in U.S. manufacturing as tariffs go into effect Consumers are making financial changes in response to tariffs. Here’s what experts say to prioritize Trump's 'reciprocal tariffs' are dangerous - and will make Americans poorer Lockheed has ‘mechanisms’ to recover tariff impacts, new CFO says Tariffs are expected to worsen the divide between Main Street and Wall Street
(DBN)

Trump says ‘there is a chance’ tariff revenue could replace the income tax. Economists are skeptical
(DBN)

Fed’s Kugler Says Tariff Impact Likely Larger Than Expected
(DBN)

The market-wide ripple effects of tariffs and the uncertain restructuring landscape they’re creating.
(DBN)

As US Retrenches, Regional Economic Pacts Show the Way Forward
(DBN)

Goldman: "When Will Growth Slow, and When Will We Know?"
(DBN)

US Warned of 'Something Worse Than Recession'
(DBN)

Chevron's CEO isn't worried about a recession
(DBN)

Why Nearly Half of Americans Have Given Up on Saving Money
(DBN)

Why gold prices are spiking as uncertainty looms over the economy
(DBN)

Longer hair, nails at home, fewer facials: How economic warning signs are flashing at the salon
(DBN)

Busiest U.S. ports for Chinese freight see steep drop in container vessel traffic
(DBN)

US fertility rate hovers near record low as Trump administration pushes for a baby boom Rise in US Births Last Year Driven Entirely by Hispanics, Asians
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Ali Choudhri jailed by judge in bankruptcy case
(DBN)

NMHC on Apartments: Market conditions Tightened in Q1 pre-Tariffs
(DBN)

MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0.36% in March
(DBN)

Miami Housing Market Suffers 'Breathtaking' Collapse in Demand
(DBN)

Why Florida’s Condo Owners Are So Desperate to Sell - WSJ It’s overwhelming the market
(DBN)

How homebuilders may contend with higher costs amid tariff whiplash
(DBN)

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Oil/Gas:

Trump tariff talk roils US oil industry in bedrock Republican territory
(DBN)

California’s Fuel Industry Is Shrinking
(DBN)

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Religion:

A Pope Who Preached Decency in Indecent Times
(DBN)

The Maga Catholics trying to take back control of the church
(DBN)

____________

Student Debt:

Linda McMahon Slams 'Worthless' College Degrees Amid Student Debt Change
(DBN)

Did you default on your student loans? What to know as collections restart
(DBN)

Social Security Benefits Could Be Withheld From Millions: What to Know
(DBN)

White House Says It Will Seize Wages For Student Loans In Collection—Here’s What Borrowers Can Expect
(DBN)

What if You Can't Pay Your Student Loan? Trump Sets New Deadline
(DBN)

Trump will revive penalties for student-loan borrowers who are behind on payments. Here's what to expect.
(DBN)

____________

Food/Beverage:

TGI Fridays now down to just 85 restaurants nationwide
(DBN)

Atlantic Natural Foods files Chapter 11 bankruptcy petition in New Orleans
(DBN)

FDA Suspends Milk Quality Tests: Report
(DBN)

FDA stops short of synthetic food dye ban, calls on industry to stop use
(DBN)

____________

Media:

Top Producer of ‘60 Minutes’ Quits, Saying He Lost Independence
(DBN)

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Pharma:

Trump seeks to change Medicare drug price negotiations in a win for pharma
(DBN)

A plan to access cheap drugs backfires, leaving patient with $250,000 bill
(DBN)

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Retailing:

Rite Aid Prepares to Sell Itself in Pieces for Second Bankruptcy Rite Aid Faces Second Bankruptcy in Less than a Year After Closing 800 Stores
(DBN)

Full list of 2,500 stores closing in 2025 from Macy's and Walgreens to JCPenney and more
(DBN)

Trump China Tariffs to Hit California Hub Serving Amazon, FedEx
(DBN)

____________

Food/Beverage:

FDA to phase out dyes used in Flamin’ Hot Cheetos, Skittles and other snacks
(DBN)

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Travel:

International travelers are skipping the U.S. That could cost America's economy $90 billion.
(DBN)

____________

Personal Finance:

More travelers are using ‘buy now, pay later’ plans to pay for trips. Here’s when it may make sense
(DBN)

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Politics:

Trump approval rating slips amid concerns about moves to expand influence: Survey
(DBN)

How Trump’s presidency can be a colossal failure and stunning success all at once
(DBN)

In Trump 2.0, the mistakes are multiplying
(DBN)

Elon Musk Reportedly Now Privately Admitting He's out Of His Depth Schumer demands details on DOGE savings claims
(DBN)

Hegseth lashes out at alleged Pentagon leakers he claims want to 'sabotage' Trump's agenda Info Pete Hegseth shared with wife, brother came from top general's secure messages Pete Hegseth, isolated and defiant, has Trump’s backing for now Rattled Pete Hegseth Threatens to Lock Up His Own Ex-Aides
(DBN)

Group asks judge to bar Trump admin from trying to 'shield their actions' with Signal
(DBN)

With Latest Missteps, Veneer of Discipline in 2nd Trump Term Falls Away
(DBN)

As controversies pile up, Trump allies increasingly turn on one another
(DBN)

Vance Warns of ‘Dark Time for Humanity’ in Doomsday Speech
(DBN)

Meet the 8 MAGA Outlets Disrupting the White House Briefing Room
(DBN)

Rubio unveils first stage of major State Department overhaul
(DBN)

Shouting, pointed DOGE questions at Donalds town hall
(DBN)

IRS takes center stage in political controversies, partisan battles
(DBN)

Newsom on Democrats: ‘I don’t know what the party is’
(DBN)

The Democrats’ Michelle Obama problem
(DBN)

Women Soldiers Will Have to Pass ‘Sex-Neutral’ Physical Test, U.S. Army Says
(DBN)

Colombian president stunned his US visa has been revoked... and reveals nickname for Trump in response
(DBN)

Musk’s DOGE Slashes Funding to Fight Deepfakes, Misinformation
(DBN)

____________

Theme Parks:

Ex-Aquatic Park CEO Accused of Seizing HQ in Middle of the Night
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (63 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

More Americans are teetering on the edge of bankruptcy. Here's why.
(DBN)

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Mass Torts:

Purdue Pharma and the Sackler Family at the Supreme Court
(DBN)

‘Betrayed,’ ‘shattered’: Survivors share stories of abuse by priests in Syracuse court 'The Church did this': Survivors of Syracuse area priests tell their stories in court
(DBN)

Survivors of child sex abuse accuse Baltimore Archdiocese of avoiding compensation payments, claiming "charitable immunity"
(DBN)

'We were victims': Sex abuse survivors react to Diocese of Buffalo settlement
(DBN)

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Exemptions:

IRA Exemption, Added by BAPCPA, Applies Everywhere—Even In States That Opt Out Of § 522(d) Exemptions (In re Euse)
(DBN)

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Litigation Finance:

Georgia Limits Outside Funders’ Control of Suits in New Law
(DBN)

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Corporate Governance:

Divorce Battles Shake Up Corporate Control at Top Business Court
(DBN)

____________

Venue:

False Venue Claims Signed Under Penalty of Perjury
(DBN)

____________

Aviation:

Spirit Airlines Has Cut Over 12,000 Flights In May & June
(DBN)

____________

Autos:

Tesla earnings to show whether anti-Musk backlash damaged bottom line Tesla profits drop 71% on weak sales and anti-Elon Musk sentiment Tesla's earnings fall far short as investors ask Elon Musk to ditch DOGE Musk drives Tesla calmly through investors’ red lights Tesla reports 20% drop in auto revenue as first-quarter results miss Wall Street estimates Used Tesla prices are plunging in the latest troubling sign for Elon Musk About half of Americans have a negative view on Tesla and Elon Musk, CNBC survey finds
(DBN)

Tesla CEO Musk says time he spends on DOGE will drop ‘significantly’ next month Musk to Refocus on Tesla After Its Worst Quarter in Years
(DBN)

Auto industry tells Trump that tariffs on car parts will mean 'layoffs and bankruptcy' Auto groups lobby Trump administration against parts tariffs in unified message
(DBN)

____________

Personal Genomics:

Amid 23andMe's bankruptcy, these biobanks promise more transparency and representation
(DBN)

23andMe says 'independent' person to guide DNA decisions is important in its bankruptcy case
(DBN)

Bankrupt 23andMe faces growing questions over data privacy
(DBN)

____________

Tech:

Wells Fargo analysts hinted at trouble for Amazon data centers. An AWS exec is firing back.
(DBN)

Meta could take a $7 billion hit this year because of Trump’s tough China tariffs
(DBN)

____________

Healthcare:

Bankruptcy judge supports expedited closure of Crozer hospitals Bankruptcy judge approves the closure of Delaware County’s Crozer hospitals Crozer Health closure begins: Patients transferred via helicopter, ambulance Crozer Health to close from bankruptcy despite $5 million Penn donation Health care workers, officials warn: Longer rides will mean more death Crozer Health closure: Nurses, doctors, workers rally to keep their jobs after closure announcement Crozer Health workers demand Pennsylvania hospitals stay open after Prospect announces closure Crozer provides EMS service for more than a dozen Delco municipalities and they’re scrambling for solutions post-closure
(DBN)

Trump Administration Cuts Funding for Autism Research—Even As It Aims to Find the Cause NIH director pushes back timeline for RFK Jr.'s autism answers RFK Jr.'s rhetoric masks the real tragedy people with autism are facing RFK Jr.’s autism falsehoods hurt people like me RFK Jr.'s views on autism show that anti-science myths are rampant at the agency he leads RFK Jr. exaggerates share of autistic population with severe limitations
(DBN)

RFK Jr. Questions Universal Covid Shots for American Children
(DBN)

MN Republicans introduce vaccine criminalization bill drafted by Florida hypnotist
(DBN)

Republican Explains Potential Changes to Medicaid
(DBN)

____________

Construction:

Bond-financed Maine insulation company files for bankruptcy
(DBN)

____________

Fraud:

George Santos defends social media tirade to federal judge set to sentence him for fraud
(DBN)

____________

Education:

Before Harvard Was Hailed a Hero, It Sought a Deal With Trump
(DBN)

Trump administration appears open to negotiation with Harvard after university’s lawsuit sets up a monumental clash Harvard’s fight with the Trump administration is just getting started. The cost is already high In fight against Trump, Harvard is backed by high-profile conservative legal team
(DBN)

College Leaders Hit Back at Trump in Joint Letter: 'Political Interference'
(DBN)

President of Trump’s Alma Mater Joins Backlash to His Education Attacks
(DBN)

Minnesota attorney general files preemptive lawsuit against Trump on transgender sports ban
(DBN)

Just 30% of Illinois 4th graders read at proficiency standards
(DBN)

____________

Sovereigns:

IMF Urged to Intensify Support for Debt-Ridden Nations
(DBN)

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UK:

A tale of bins, bankruptcy and Birmingham
(DBN)

Keir Starmer U-turns to say trans women are not women after Supreme Court ruling
(DBN)

____________

EU:

EU chief: ‘Countries lining up to work with us’ amid Trump tariffs
(DBN)

Trump Must Stop Lose-Lose Game on Trade, ECB’s Villeroy Says
(DBN)

EU will not decouple from Beijing as condition for deal
(DBN)

____________

Canada:

Frank And Oak Closing All Stores, Brand Sold Amid Restructuring
(DBN)

Efforts to Protect Canadian Military Plaques as Hudson’s Bay Faces Creditor Protection
(DBN)

Many Canadian 'snowbirds' in US looking to pack up and fly north - for good
(DBN)

____________

China:

Evergrande Ex-CEO Must Disclose Assets, Hong Kong Court Rules
(DBN)

China property tycoons become creditors’ labourers
(DBN)

China’s troubled energy-storage sector reels from price war, tariff blows
(DBN)

China Threatens Retaliation if Trump Tries to Isolate Country Trump Tries To Isolate China
(DBN)

____________

Russia:

European Troops Could be Deployed to Ukraine Under Trump Proposal: Report
(DBN)

Russia Moving Equipment 'En Masse' to Crimea, Photos Suggest
(DBN)

Trump Hopes Russia and Ukraine Will Make a Deal 'This Week'
(DBN)

Putin offers to halt Ukraine invasion along current front line
(DBN)

Vance issues Ukraine ultimatum after Rubio snubs key London meeting Vance Says Territory Concessions Needed for Ukraine-Russia Deal
(DBN)

____________

MENA:

Anyone can see it on Google Maps: Israel's most sensitive sites revealed in high level of detail on internet
(DBN)

US and Iran express optimism following second round of nuclear talks
(DBN)

____________

Mexico:

Mexico Bans Kristi Noem’s ‘Foreign Propaganda’ ICE Barbie Ads
(DBN)

____________

Netherlands:

Higher gambling tax could lead to bankruptcy for Holland Casino, gambling company says
(DBN)

____________

Malaysia:

The plan to introduce the Cross-Border Insolvency Bill is a positive step forward
(DBN)

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