April 29, 2025

The Daily Bankruptcy News

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Law:

US law firm Jenner asks court to permanently bar Trump executive order Judge grills DOJ over Trump decision to suspend security clearances of Big Law firm Judge snaps at DOJ lawyer arguing Trump executive order targeting Big Law firm can't be illegal Another federal judge expresses skepticism over Trump law firm executive orders The public is taking note of which law firms stand up to Trump These Big Law Partners Take Rare Step of Fighting Trump Publicly Donald Trump went after one of America's top law firms. Its decision to fight back took just two hours. Legal Powerhouse Partnership Defends Susman Godfrey Against Trump’s Executive Order in High-Stakes Lawsuit Trump Wants Law Firms to Defend Cops Facing Misconduct Suits Quinn Emanuel’s Wide Embrace of Clients Fails Trump Loyalty Test
(DBN)

Cleary Gottlieb Expands U.S. Restructuring Group With Addition of Josh Brody
(DBN)

59 partners leave A&O Shearman outside Asia since decision to trim 10% of equity partnership
(DBN)

Harvard Probed by US Agencies for Law Review Discrimination
(DBN)

The Top Law Schools For Getting Jobs (2024)
(DBN)

How some law schools are training students in generative AI
(DBN)

Does Employee Use of AI at Work Create Executive Risk?
(DBN)

Here’s Why Lawyers Struggle on Camera (And How They Can Fix It)
(DBN)

Cringe Reverse Discrimination Group Hijacks Michigan Law Listserv To Ask Students To Sprinkle A Little Fraud In Their Personal Statements
(DBN)

Skadden improperly limited lawyer access to email distribution lists, group claims in NLRB filing
(DBN)

Numbers show no mass deportation of migrants, despite Trump immigration crackdown White House focuses on border crackdown as it marks 100 days for Trump’s second term Trump touts immigration crackdown despite concerns about due process How spin and falsehoods propelled Trump's immigration crackdown in his first 100 days Homan presses undocumented immigrants to self-deport, threatening prosecution Actor Terrence Howard Was ‘All In’ for Trump—Until He Did This Employees Have a New Fear: Immigration Raids What to know about the U.S. citizen children removed with their mothers Republicans Float Charging Migrants $1,000 to Claim Asylum
(DBN)

Ex-Justice Department prosecutor challenges his firing by the White House after Laura Loomer post
(DBN)

Trump's firing of independent credit union officials 'patently unlawful,' lawsuit says
(DBN)

‘A great friend’: Audio undercuts Trump US attorney nominee’s disavowal of alleged Nazi sympathizer
(DBN)

Civil rights lawyers leave en masse as Justice Dept. mission shifts
(DBN)

Fear and anxiety reign as burglary soars in post-fire Southern Cal
(DBN)

What to know about the trial of an ex-Michigan officer charged in the killing of a Black motorist
(DBN)

Trump to sign sweeping ‘law and order’ EO to shield cops and turn up heat on sanctuary cities
(DBN)

Mom who had ex-stepdad kill father of her child after he got split custody is sentenced
(DBN)

Teacher 'relentlessly publicly humiliated' 5th grader who died by suicide: Lawsuit
(DBN)

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Judges:

Trump says he’s ‘not defying the Supreme Court’ amid standoff over wrongly deported man
(DBN)

J. D. Vance has cited Andrew Jackson to justify the idea that a president can disobey the federal judiciary’s rulings. The historical record says no such thing.
(DBN)

US Supreme Court Argument Dispute Turns Unusually Hostile 'Be more careful with your words': Gorsuch loses patience with top SCOTUS lawyer
(DBN)

Insurance case is ‘but a speck in the recesses of interstellar space,’ high-profile appeals judge writes
(DBN)

Judge Won’t Block Student’s Deportation Over Warrantless Arrest
(DBN)

Acting US attorney once orchestrated Facebook posts criticizing judge presiding in his case, report says
(DBN)

Another federal judge bars the Trump admin from deportation under Alien Enemies Act
(DBN)

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Wall Street:

S&P 500 futures are little changed after the index scores five-day winning streak
(DBN)

U.S. stocks rebound late in the day to finish positive after earlier draw downs
(DBN)

Americans are betting too much of their retirement on the U.S. stock market
(DBN)

JPMorgan Traders Turn Bullish On U.S. Stocks But Warn Of Pain To Come
(DBN)

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Layoffs:

The Trump Plan to Decimate the Civil Service
(DBN)

UPS to cut 20,000 jobs on economic worries
(DBN)

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Retailing:

List: More than 100 JOANN stores set to close Monday
(DBN)

Amazon pressures suppliers to cut prices to limit Trump tariff shock
(DBN)

Amazon sellers pull out of Prime Day amid Trump tariffs | Watch
(DBN)

Big Lots to reopen 132 stores in May — here are the locations
(DBN)

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Tourism:

How the fun police came for your holiday
(DBN)

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Education:

‘The Forces Were Gathering to Fight a Battle Over Diversity’
(DBN)

Feeling Political Heat, Colleges Pump Up Their Lobbying
(DBN)

Sean 'Diddy' Combs' lawyers seek impartial jurors amid intense media coverage
(DBN)

Federal funding freeze on nation’s oldest university likely to stay in place well into summer after first court hearing
(DBN)

US says UPenn’s transgender policy illegal, demands return of athletic awards
(DBN)

House Republicans unveil higher education reform plans
(DBN)

Trump moves to tackle school discipline, but advocates divided on federal approach to classroom issue
(DBN)

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Tech:

AI is making workers anti-social in the office, Microsoft says
(DBN)

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Trucking:

Trump Rolling Back Obama-Era English Language Requirement for Truck Drivers Trump executive order requires truck drivers to speak English
(DBN)

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Labor:

Unions’ awkward tariff dilemma
(DBN)

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Healthcare:

'Medicare for All'? These doctors say it's possible - if healthcare takes its medicine.
(DBN)

RFK Jr. autism data project stokes alarm over motives
(DBN)

Trump dismantles, cuts and shakes up world of health in first 100 days
(DBN)

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Agribusiness:

Agriculture is in 'full-blown crisis' from tariffs, farmers say
(DBN)

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Ride Hailing:

San Francisco tennis coach says a Waymo drove off with pricey equipment
(DBN)

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Accounting:

GOP lawmakers propose legislation scrapping auditor watchdog PCAOB
(DBN)

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Crypto:

Terraform Labs launches creditor compensation process
(DBN)

FTX Goes on the Offensive Over Missing Tokens, Sues Noncompliant Issuers
(DBN)

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Sports Facilities:

Northern Colorado town forces Future Legends sports complex to close some facilities Windsor shuts down Future Legends activities, impacting youth sports, minor league teams
(DBN)

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Tax:

Got Montana Plates? States Ramp Up the Scrutiny on Tax Dodgers
(DBN)

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Non-Profits:

Gates, others launch $500 million maternal, newborn health fund, bucking aid cuts trend
(DBN)

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Climate:

Costs for climate disasters to reach $145 billion in 2025, says Swiss Re
(DBN)

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Celebs:

Damon Dash Ditched By Lawyers As Bankruptcy Looms In $4 Million Legal Battle
(DBN)

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Economy:

A quarter of U.S. consumers are now financing groceries with buy now, pay later as economic pressures mount, survey says
(DBN)

Deutsche Bank flags sharp drop in US asset inflows from foreign investors
(DBN)

Sizing up US manufacturing
(DBN)

9 charts show how consumers, businesses have soured on the economy in Trump’s first 100 days
(DBN)

Dollar struggles to regain ground on US-China trade standoff
(DBN)

Dollar collapse: The crisis is no longer just theoretical
(DBN)

How a top economist sees a US recession materializing by this summer
(DBN)

America is dangerously close to the worst kind of recession
(DBN)

Risk of global economic recession surges on US tariff shockwaves
(DBN)

Millennials are giving Gen Z advice for their first potential recession
(DBN)

Extra-murky economic data is dropping this week
(DBN)

Global Consumer Confidence Retreats on Tariff Fears
(DBN)

US consumers will start feeling the pain of tariffs in stores by the end of May, Trump's ex-top economic advisor says Trump looked unbeatable on the economy. Then he launched a trade war. Most Americans Skeptical About Benefits of Tariffs Asian Imports Into US Collapse Amid Trump Tariff Wars Japan policy chief warns of Trump tariff impact on Asian security China Calls BS on Trump’s Story About a Phone Call From Xi China insists no tariff talks underway with Trump and Xi or top aides, despite U.S. claims Treasury Secretary Bessent says it's up to China to de-escalate trade tensions Shein Prices Soar By Up to 377 Percent As Trump’s Trade War Squeezes Shoppers Why Shein and H&M likely won't be hurt by tariffs - even if they have to raise prices Nearly two-thirds of Americans disapprove of Trump tariffs Empty Shelves? US Treasury Secretary Not Concerned 'At Present' Komatsu Considers Price Hikes in the US in Response to Tariffs Israel Offers US Trade Concession in Effort to Avoid Tariff Pain Philippines Aims to Lower US Tariff to Zero During Talks BRICS nations discuss shared response to Trump trade policies Ending the U.S. trade deficit with tariffs is impossible, and it risks eliminating two longstanding U.S. surpluses Port Of Los Angeles Warns 'Difficult Decisions' Ahead As Shipments From China Cease West Coast dockworkers blast Trump’s ‘reckless’ tariffs New Zealand to Tighten Budget Belt as US Tariffs Threaten Growth
(DBN)

Tariff ‘Chaos’ Drags Key Texas Manufacturing Gauge to Worst Since 2020 Texas Manufacturing Business Nears Five-Year Low — Dallas Fed
(DBN)

‘Core’ GDP is the signal among all the noise
(DBN)

BlackRock Sees Credit Market Risks Rising As Trade War Rages On
(DBN)

Wave of U.S. data this week may give tariff-weary investors more to worry about
(DBN)

House education committee Republicans release plans for GOP megabill 'Big Six' budget negotiators set to meet Monday 5 policy issues Republicans are clashing over in a massive bill for Trump's agenda US House Republicans wrestle with Trump tax cuts, Medicaid needs
(DBN)

Trump cuts threaten Americans' safety net just as more are expected to need it
(DBN)

Why Trump’s Economic Disruption Will Be Hard to Reverse
(DBN)

Trump says he’ll eliminate income taxes. There’s a problem with that
(DBN)

IBM announces $150 billion investment in U.S. manufacturing, research
(DBN)

Cancellation of FEMA Program Threatens Disaster Preparedness in Hundreds of U.S. Communities
(DBN)

Gen Z workers want to make $100,000 in their first job out of college. Four tips from experts on how to get there.
(DBN)

Why Gen Z is taking the slow road to adulthood
(DBN)

Gen X retirees have regrets over how much they saved—they’re copying Gen Z and turning to side gigs
(DBN)

You may get more in Social Security with Trump's proposed tax cuts - but in 10 years, you might get less
(DBN)

Global Military Spending Surges as Europe Tackles Russian Threat
(DBN)

Employees are engaging in revenge RTO, but these small acts of defiance are the symptom of a bigger problem
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Housing Market Map Ranks Cost, Construction Efforts Across US
(DBN)

A 'property-tax revolt' is underway across the country. These numbers explain what's driving it.
(DBN)

DC home inventory skyrockets by 47% following Trump admin's federal layoffs
(DBN)

West Palm Beach steps in as condo complex faces $1.4M water bill, bankruptcy proceedings
(DBN)

Green Terrace condo residents scramble to move as HOA files for bankruptcy
(DBN)

Homeowners insurance has risen more than 50% in these states
(DBN)

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Municipalities:

Trump to sign order requiring list of sanctuary cities, states, official says
(DBN)

Thousands of L.A. County workers poised to strike, disrupting services
(DBN)

Hochul announces $254 billion state budget; warns of looming federal cuts
(DBN)


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Oil/Gas:

Trump’s Desire for Cheap Crude Puts Big Oil’s Plans to Test
(DBN)

Inside Trump’s Hardball Strategy to Control Global Oil Prices
(DBN)

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Politics:

Americans sour on Musk, cuts to federal government, new poll finds Elon Musk's work for Trump is really unpopular, poll says Most Americans don’t think DOGE has actually cut government waste, poll says Elon Musk's conflicts of interest: $2.37 billion in potential federal penalties, report says DOGE employees gain accounts on classified networks holding nuclear secrets
(DBN)

The CFPB's life is on the line (again)
(DBN)

Poll: Young Americans are more likely to feel lonely, anxious about the future
(DBN)

‘He Is in Very Bad Shape’: Karl Rove Absolutely Dumps on Trump in Scathing Fox News Segment
(DBN)

Trump Is Finally Coming Face to Face With Voters After Approval Rating Falls
(DBN)

The Most Consequential, Damaging, Head-Scratching Things Trump Did in His First 100 Days
(DBN)

What Trump has broken in 100 days, explained in 10 charts
(DBN)

GOP blames tariffs, economic uncertainty for low Trump approval rating
(DBN)

Trump’s support is dropping nationwide and across demographics, polls show
(DBN)

Is Gen Z Abandoning Donald Trump?
(DBN)

Donald Trump's Approval Rating With Hispanics Collapses
(DBN)

Trump’s next 100 days: Trade deals, foreign policy and reconciliation
(DBN)

The GOP’s proposed cuts to FEMA and Medicaid reveal the paradox of red state dependence
(DBN)

Trump made big promises and moved at frenetic speed. 100 days in, here’s what he’s done and not done
(DBN)

Trump Brags About How Much Fun He’s Having Running ‘the World’
(DBN)

Five key quotes from Trump's interview with The Atlantic
(DBN)

Trump Demands Investigations Into Pollsters After Humiliating Results: ‘THEY ARE SICK’ Trump’s War With The Media: He Calls Unfavorable Polls ‘Illegal’ Amid Lawsuits And Threats To Defund Broadcasters
(DBN)

Trump administration withholding $436.87 billion in approved spending, top Democrats say
(DBN)

New Yorkers Boo and Jeer GOP’s Lawler at Circus-Like Town Hall
(DBN)

Axed Pentagon Aide Says Hegseth Spends Half His Time Investigating Leaks Fired Pentagon official: Hegseth focused on ‘weird details’ after Signal scandal
(DBN)

Trump administration to close a civil rights office in RFK Jr.'s HHS
(DBN)

Pritzker Thunders Against 'Do Nothing' Dems as He Stokes 2028 Talk Musk Leads MAGA Meltdown After Dem Demand for Mass Protests
(DBN)

Dear Democrats: STFU About “Woke”
(DBN)

Walz says he’s ‘very pessimistic’ about Dems winning the Senate
(DBN)

Kamala set for first major speech since leaving office
(DBN)

Trump Media Stock Jumps 57%
(DBN)

House Democrat unveils articles of impeachment against Trump
(DBN)

Detroit Opera Steps Into Trump’s Cross Hairs With ‘Central Park Five’
(DBN)

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Personal Finance:

How to Tell if Someone Is Rich Without Asking Them
(DBN)

'I don't have $800.' A look at the heart-wrenching decisions pet owners face as vet care has gotten so expensive.
(DBN)

Gen Z college grads expect to earn more than $100,000 at their first job. Their actual paycheck is a rude awakening
(DBN)

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Festivals:

Indianapolis cancels Juneteenth Parade
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (22 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

The Polsinelli|TrBk Distress Indices - In the first quarter of 2025, there was a slight decrease in the number of bankruptcy filings as shown by all three indices, though the indices remain high compared to recent history
(DBN)

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Mass Torts:

Hearing begins on Syracuse diocese’s plan to exit bankruptcy, pay abuse victims $100M
(DBN)

‘Betrayed,’ ‘shattered’: Survivors share stories of abuse by priests in Syracuse court
(DBN)

Report: Judge orders New Orleans Archdiocese officials back to court over sex abuse settlement Judge sets June court date for Archdiocese to show why its 5-year case shouldn't be dismissed
(DBN)

NJ court questions Catholic diocese's bid to block seating of grand jury on clergy sex abuse
(DBN)

Purdue Pharma and the New Bankruptcy Exceptionalism
(DBN)

____________

Corporate Governance:

Tesla Investor Fights With Musk Over Billionaire’s Pay in Appeal
(DBN)


____________

Aviation:

American Airlines, JetBlue End Talks to Revive Tie-Up Pact American Airlines seeks millions from JetBlue after failed alliance
(DBN)

Delta Routes New Airbus Plane to Tokyo to Sidestep Trump Tariffs
(DBN)

Tariffs seem to be making 1 thing cheaper: plane tickets Plane tickets are getting cheaper as domestic travel demand weakens
(DBN)

China Says Willing to Cooperate With US After Boeing Spat
(DBN)

A London-bound flight diverted to Boston after a possible bird strike and fumes in the cabin
(DBN)

EU approves €321.2 million aid for German airline Condor
(DBN)

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Personal Genomics:

23andMe Bankruptcy Bid Deadline Extended as DNA Privacy Woes Linger
(DBN)

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Tech:

Trump Pushes Out AI Experts Hired By Biden
(DBN)

____________

Food/Beverage:

Domino's Pizza US sales dip as economic uncertainty hurts demand Domino's customers are avoiding delivery and picking up their pizzas to save money
(DBN)

Buffet Chains Are Making Major Comebacks
(DBN)

Coke keeps 2025 forecast, expects tariff effects to be ‘manageable’ after Pepsi cuts earnings outlook
(DBN)

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Business Automation:

Exela Technologies BPA Files Amended Plan Support Agreement
(DBN)

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Comic Books:

Trustee Moves to Convert Diamond Bankruptcy to Chapter 7 Or Dismiss Diamond Comic Distributors To Be Liquidated? Chapter 7 Paperwork Filed
(DBN)

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Weight Loss:

WeightWatchers bankruptcy chatter may be a debt-negotiating tactic, activist investor says
(DBN)

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Autos:

Mysterious financier asks judge to stop Canoo asset sale Sudden Twist in EV Startup Bankruptcy: Mystery Investor’s Bold $20M Bid Challenges CEO’s Asset Grab, But Who is Charles Garson?
(DBN)

General Motors beats Wall Street estimates, reassesses full-year guidance amid auto tariffs
(DBN)

Trump to reduce impact of auto tariffs, Commerce secretary says
(DBN)

Tesla is in worse shape than you think 5 charts that show Elon Musk and Tesla's struggles during Trump's first 100 days
(DBN)

Porsche cuts full-year sales outlook, warns of further uncertainty on US tariffs
(DBN)

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Footwear:

Adidas warns it will raise prices on all U.S. products due to tariffs
(DBN)

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Theme Parks:

Gulf World bankruptcy trial sidetracked by armed stand off in Cancun
(DBN)

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UK:

Latest construction firm insolvency figures
(DBN)

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EU:

Huge power outage strikes Spain, Portugal and France: Entire cities plunged into blackouts, transport networks shut down and internet is cut off in scenes of mayhem 'Rare atmospheric phenomenon' behind huge outages in Portugal and Spain Spain brought to a halt by huge blackout Power cut leaves card users in the lurch in Spain, Portugal Spain's economy disrupted by massive blackout Spain, Portugal hunt for cause of power outage as electricity returns
(DBN)

UK and EU to defy Trump with ‘free and open trade’ declaration
(DBN)

Macron’s office rules out reviving EU-US free trade deal for now
(DBN)

Trade war may lower growth and inflation in euro zone, ECB's Cipollone says Euro zone inflation expectations rise, ECB survey shows
(DBN)

Central Europe must diversify to mitigate tariff hit, Moody's Analytics
(DBN)

____________

Canada:

Canada vs. Trump: How Monday’s Election Will Play Out Trump Threatens '51st State' As Nation Goes To Polls
(DBN)

Carney’s Liberals Win Narrow Victory in Canada’s Election Carney Says Canada's Old Relationship With US Is Over
(DBN)

How Popular Is Donald Trump in Canada? What Polls Show
(DBN)

How Trump, Trudeau and Tariffs Upended Canada’s Political Landscape

____________

Russia:

Putin announces new ceasefire but Kremlin hardens stance on annexed Ukrainian regions Putin's Fear of Attacks on Victory Day Behind Abrupt Ceasefire: Kyiv 'No Trust At All': Kyiv Residents Do Not Believe Putin Ceasefire Putin’s Brief Ukraine Truce Frustrates Trump Plan to End War Trump Wants Permanent, Not Temporary, Ceasefire In Ukraine: Spokeswoman Russia says it's waiting for Ukraine's response to May ceasefire and offer of direct talks
(DBN)

The Russian Military Moves That Have Europe on Edge
(DBN)

Putin 'Jacked Around President Trump at Every Turn': Republican Senator Rubio Tells Russian Counterpart Time To End 'Senseless War': US
(DBN)

Russia's Medvedev says NATO's newer members are now potential targets for Moscow, TASS reports
(DBN)


____________

China:

Evergrande chair refuses to disclose assets, liquidators say
(DBN)

China says it can live without US farm and energy goods
(DBN)

China Vows to Stand Firm, Urges Nations to Resist ‘Bully’ Trump
(DBN)

China on Trump tariffs: ‘They make up bargaining chips out of thin air’
(DBN)

Japan Worries Trump Tariffs Will Push Countries Toward China
(DBN)

____________

MENA:

Saudi: Bankruptcy Committee handles 16 court decisions to resolve defaults of medical, aviation, and car rental companies
(DBN)

Pakistan Fears 'Imminent' Indian Attack, Warns of Nuclear Response Pakistan defence minister says military incursion by India is imminent
(DBN)

Trump Eyes Iran Deal: 'We'll Have Something Without Dropping Bombs'
(DBN)

Israel Faces World Court Hearings Over Gaza Aid
(DBN)

US sanctions shipping companies, vessels for delivery oil and gas to Houthis
(DBN)

____________

Mexico:

Mexico economy to barely grow this year thanks to US tariff shock - Reuters poll
(DBN)

____________

South Korea:

South Korea exports seen falling as Trump's tariffs start to weigh: Reuters poll
(DBN)

____________

Australia:

Giving a company the best opportunity to continue in existence
(DBN)

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