April 30, 2025

The Daily Bankruptcy News

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Law:

Trump's new executive order says private law firms will do free work for accused cops Biglaw Firms In League With Donald Trump Now Have To Defend Cops That Kill Black And Brown People T14 Law School Dean Encourages Students To Take Into Account Whether Biglaw Firms ‘Capitulated’ When Making Career Decisions Trump’s Attacks on Firms Scramble Law Students’ Career Paths The Curious Case Of Sullivan & Cromwell’s Relationship With Donald Trump Trump’s attacks against law firms follow in the footsteps of Joseph McCarthy
(DBN)

Biglaw Attorneys Are Busy Billing Hours — But Not As Many As Expected
(DBN)

Big Law Firm Revenue Grows on Higher Rates, Wells Fargo Says
(DBN)

Elite Firm Raises The Bar On Compensation, Offers $300K Starting Salaries For Associates
(DBN)

Harvard Law Students Hit With Invitation To Lie On Their Law Review Personal Statements, Professors Should Speak Out On It
(DBN)

Racial disparities in admissions, scholarships remain in law schools, AccessLex Institute study says
(DBN)

Attrition rate is ‘markedly higher’ for associates of color, NALP Foundation says
(DBN)

Trump Exposes US Legal System Soft Spots in 100-Day Onslaught
(DBN)

The boutique law firm going all in for Trump
(DBN)

Vacation, mistaken filing led to order to show cause, lawyers for MyPillow CEO say Mike Lindell's lawyers seek more time for trial after filing AI-generated motion
(DBN)

Department Of Justice Plays Stupid Lawyer Games Wins Stupid Caption
(DBN)

Dragon Lawyers Ordered By Judge To Stop Watermarking Their Complaint With Huge Suit Wearing Dragon
(DBN)

Firm failed to honor exit package after retaliating for bias complaint, former BigLaw partner alleges
(DBN)

Corporation for Public Broadcasting sues to block Trump from firing three board members Trump 'illegally' fired board members for Corporation for Public Broadcasting: Suit
(DBN)

Trump is 'without authority' to unilaterally dismantle AmeriCorps, lawsuit says
(DBN)

Harvard Law Review investigated for alleged ‘spoils system’ that uses race in article selection
(DBN)

States sue Trump administration over DOGE AmeriCorps cuts
(DBN)

DC Prosecutor Ed Martin Goes After Wikipedia For Exercising First Amendment Rights
(DBN)

Mexico has received nearly 39,000 deportees from U.S. since Trump took office US Senator presses Trump on wrongly detained man after El Salvador cites US funds Deported Cuban mother separated from breastfeeding 1-year-old daughter Lawsuit over deportations of foreigners with pro-Palestinian views can proceed, judge rules U.S. Citizens Keep Getting Caught Up in Trump’s Immigration Crackdown
(DBN)

Trump Says DOGE Has Prompted Justice Department Referrals
(DBN)

Sycamore Gap tree took more than a century to grow and less than 3 minutes to fell, prosecutors say
(DBN)

Wisconsin clerk who failed to count November votes violated multiple policies, investigators say
(DBN)

Sean Combs Is Going To Have An Uphill Battle With Finding An Impartial Jury
(DBN)

Former school athletic director gets 4 months in jail in racist AI deepfake case
(DBN)

Killer tricks cops into arresting wrong man with Facebook video showing body: Prosecutor
(DBN)

Man brought girlfriend 'flowers and chocolate' before he set fire to her home: Police
(DBN)

Murder victim named suspected killer in Facebook post the day before he was found: Police
(DBN)

Woman executed sleeping boyfriend 'because she found messages from him to other women'
(DBN)

Teen used parents' .38 Special revolver to kill classmate over school bus dispute: Cops
(DBN)

Funeral home director gave fake ashes to thousands of grieving pet owners, AG says
(DBN)

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Judges:

Paul Clement Joins Arrested Milwaukee Judge’s Legal Team
(DBN)

Wisconsin judge suspended by state high court after being charged in federal immigration case
(DBN)

US Supreme Court fight may shape Trump's ability to fire Fed chair
(DBN)

Supreme Court seems likely to rule narrowly in case over FBI raid on wrong Georgia home Gorsuch, Sotomayor reluctant to give immunity to FBI agents who raided wrong house
(DBN)

‘We have already accommodated the government’: Appeals court does complete 180 — shuts down Trump’s ability to fire Consumer Financial Protection Bureau staff
(DBN)

Judge rejects Trump's effort to dismiss Isaac Hayes lawsuit for playing song at rallies
(DBN)

US Supreme Court mulls legality of milestone religious charter school
(DBN)

9 in 10 Americans think government branches should be equal, ABA poll finds
(DBN)

Judge disciplined for hot tub selfie now accused of ignoring Nevada Supreme Court
(DBN)

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Wall Street:

S&P 500 futures move lower after index posts longest win streak since November
(DBN)

Wall Street's winners and losers during Trump's 100 days at White House
(DBN)

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink
(DBN)

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Layoffs:

Unions, cities, nonprofits sue to block Trump workforce cuts
(DBN)

Pfizer to cut costs by another $1.7 billion as quarterly revenue falls
(DBN)

Electronic Arts Lays Off Hundreds
(DBN)

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Student Debt:

Republicans release plan to overhaul student loan system, slash repayment plans options
(DBN)

The student loan bubble is about to pop
(DBN)

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Nursing Homes:

Where nursing homes rely most on Medicaid
(DBN)

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Movies:

Netflix CEO Ted Sarandos: ‘We’re Saving Movies’ and Theatrical Experience Is Mostly ‘Outdated’
(DBN)

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Crypto:

Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm
(DBN)

Prosecutors seek 20-year prison term for founder of failed crypto platform Celsius Network Celsius founder may serve 20 years as DOJ slams ‘deliberate’ $7B fraud
(DBN)

Trump unleashes crypto 'sea change' in first 100 days
(DBN)

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Food/Beverage:

Sysco Cuts Outlook as Wary Americans Tighten Dining Budgets Food distributor Sysco cuts annual forecasts on weak restaurant traffic
(DBN)

Starbucks CEO says it's making progress on turnaround. Sales are still falling Starbucks stock falls as sales disappoint, turnaround pressures earnings
(DBN)

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Climate:

US dismisses all authors of National Climate Assessment, email says
(DBN)

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

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Agribusiness:

Smithfield Foods says tariffs make China unviable market for its US pork
(DBN)

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Infrastructure:

Republicans propose fees on EVs, other passenger vehicles to fund transportation programs
(DBN)

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Comic Books:

Diamond Comics Replies To Chapter 7 Bankruptcy Over Late Paperwork
(DBN)

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Utilities:

Hawaiian Electric could get liability protection under 11th-hour proposal
(DBN)

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Economy:

Young Workers Ready To Quit: Burnout, Pay Concerns Driving Exodus, 74% Living Paycheck to Paycheck
(DBN)

US Job Openings Decrease to Lowest Level Since September
(DBN)

Foreign demand for US assets seen waning unless USD slides more, says Goldman Sachs
(DBN)

Pentagon Nominee Pledges to Strengthen the US Industrial Base
(DBN)

US job openings fall in March; layoffs decline BLS: Job Openings Decreased to 7.2 million in March
(DBN)

US corporate bond markets betray caution behind recent rebound
(DBN)

US dollar recovers on easing trade tension, prospect of tariff deals
(DBN)

China exports to U.S. plunge as tariffs hit, leading some experts to warn of product shortages Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite Commerce Sec. Lutnick says one trade deal is done, waiting on approval from unnamed country India Eyes ‘Early Mutual Wins’ in US Bilateral Trade Talks Trump: ‘I think we’ll have a deal with India’ on tariffs and trade Trump Flags Trade Talks With Australian PM as Vote Nears Pfizer CEO says tariff uncertainty is deterring further U.S. investment in manufacturing, R&D Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite ‘Nowhere to turn': Small businesses dependent on imports from China are feeling more desperate UBS posts profit beat but ‘material risk’ from Trump tariffs darkens outlook From Porsche to Carlsberg and JetBlue, Tariff Toll Spreads GM delays investor call, UPS axes 20,000 jobs as Trump's tariffs create corporate chaos Trump Predicts China Would ‘Eat’ Tariffs, Lessening US Impact Big Price Hikes Undermine Trump’s Bet China Will Absorb Tariffs
(DBN)

Tariffs-related stockpiling boosts US goods trade deficit to record high
(DBN)

Gold extends fall as dollar gains, trade tensions ease
(DBN)

Merck to invest $1 billion in new Delaware plant to boost US manufacturing
(DBN)

Battery industry says $100 billion in US investment contingent on Washington support
(DBN)

Consumer outlook hits lowest since 2011 as tariff fears mount, Conference Board survey shows Consumer confidence shows "pervasive pessimism"
(DBN)

Bessent defends Trump's "interlocking" economic agenda
(DBN)

Pro-SALT Deduction Republicans to Meet with Johnson on Tax Bill
(DBN)

The 4 a.m. Wake-Up Is Not Just for Superman CEOs Anymore
(DBN)

Trump’s federal return-to-office orders are massively backfiring
(DBN)

Despite Trump's promised cuts, U.S. spent about $220 billion more in first 100 days than last year
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Homebuyer mortgage demand drops further, as economic uncertainty roils the housing market
(DBN)

Case-Shiller: National House Price Index Up 3.9% year-over-year in February
(DBN)

Office loan trouble signal problems ahead for a US$650 billion bond market
(DBN)

HVS: Q1 2025 Homeownership and Vacancy Rates
(DBN)

Housing April 28th Weekly Update: Inventory up 1.3% Week-over-week, Up 31.0% Year-over-year
(DBN)

Starter homes top $1M in 233 cities: Zillow
(DBN)

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Municipalities:

50,000+ Workers Go on Strike as Budget Woes Disrupt Los Angeles
(DBN)

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Oil/Gas:

Oil industry that Trump wants to ‘drill, baby, drill’ has taken a beating since he took office
(DBN)

Oil prices down, poised for biggest monthly fall since 2021
(DBN)

In Trump's first 100 days, US energy dominance plans roiled by trade uncertainty
(DBN)

Oil prices fall 3% to 2-week low as trade war concerns dampen demand outlook
(DBN)

Restrictions on wind, solar unpopular among Texas Republicans: Poll
(DBN)

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Bankruptcy Crimes:

Pennsylvania Attorney Sentenced to Prison for Role in Fraud Schemes
(DBN)

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Healthcare:

Delco delegation asks attorney general to intervene in Crozer Health closure Delco’s state lawmakers want Pa. AG to claw back $40M from Prospect, take other action Crozer Health closure: Delco delegation demands AG to open criminal investigation
(DBN)

Hospitals Are Freezing M&A Deals As Federal Policies Rattle Industry
(DBN)

GLP-1s can help employers lower medical costs in 2 years, new study finds
(DBN)

Florida set to become second state to ban fluoride in public water
(DBN)

Measles cases in Texas rise to 663, state health department says
(DBN)

Trump Is Bad for Your Health Care, But Health Care Is Bad for Trump
(DBN)

'First person available': Patient chokes nurse because of prolonged discharge, cops say
(DBN)

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Retailing:

Saks Bondholders Prove to Be a Tough Sell Saks Bonds Plunge as Investor Update Deepens Cash Concerns
(DBN)

Amazon is not planning to break out tariff costs online as White House attacks potential move Amazon says displaying tariff cost ‘not going to happen’ after White House blowback
(DBN)

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Tourism:

Las Vegas in March: Visitor Traffic Down 7.8% YoY; Convention Traffic Up 10.2% YoY
(DBN)

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Politics:

Most Americans see Trump as "dangerous dictator," poll says
(DBN)

US democracy is at risk of an imperial presidency
(DBN)

After the Arrests and Bullets, Trump Takes on Second Term With a New Fervor
(DBN)

Poll finds Trump’s approval rating below 50% in every 2024 swing state
(DBN)

At 100 Days, Trump Approval Rating Is As Low As First Term
(DBN)

Majorities oppose top Trump priorities on Greenland, Canada and a third term, poll finds
(DBN)

Trump vowed to end wars, equalize trade. He’s delivered something else.
(DBN)

Speaker Johnson Plans Vote to Curb Congressional Oversight of Trump, Musk House GOP blocks Democrats from forcing votes on Signal scandal, Musk conflicts of interest
(DBN)

Trump signs few laws as he pushes to expand executive power
(DBN)

Melania Trump's confidants tell all about sudden shift in marriage to 'unsteady' Donald
(DBN)

MAGA momentum wanes as Trump stumbles across 100-day mark
(DBN)

Elon Musk Lost 25% of Fortune During His Quest to Gut the US Government White House Pushed Job Cuts at Agency That’s Clashed With Musk
(DBN)

Hegseth boasts about ending ‘woke’ program on women and security that Trump had signed into law Pentagon chief cancels program on women in security that was signed into law by Trump Why the MAGA world won't turn its back on Hegseth
(DBN)

Mike Johnson slammed publicly by one of his GOP leaders
(DBN)

Republicans Brave Hostile Crowds in Town Halls Back Home
(DBN)

FEMA cleared of wrongdoing in probe into anti-Trump bias
(DBN)

Trump's team war-gaming for an impeachment fight
(DBN)

'I'd like to be Pope,' Trump jokes
(DBN)

Trump fires Doug Emhoff, Biden appointees from Holocaust museum board
(DBN)

Inside JB Pritzker’s public and private efforts to counter Trump and challenge fellow Democrats
(DBN)

Trump’s first ‘new media’ briefing hosts influencer who spent 7 days convinced the moon had disappeared
(DBN)

Majority of US Senate backs Perdue as ambassador to China
(DBN)

Whitmer, Michigan’s Democratic Governor, Appears With Trump Again
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Fed confirms that personal bankruptcy filings increased
(DBN)

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LLCs:

Can An LLC Interest Owned By A Debtor Be Sold By The Bankruptcy Trustee?
(DBN)

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Personal Genomics:

23andMe will have court-appointed overseer for genetic data in bankruptcy
(DBN)

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Mass Torts:

NY diocese faces 'financial hardships' after $100 million payment to survivors fund: bankruptcy court
(DBN)

Multi-year settlement reached with Syracuse Diocese insurers, involving survivors of sexual abuse
(DBN)

The Camden Diocese has waged a secret — and successful — legal battle to block a report targeting decades of clergy abuse
(DBN)

Norwich Diocese welcomes new bishop; settlement resolution gets closer
(DBN)

Barretts Minerals Beats Challenge to Talc Bankruptcy Case
(DBN)

Alex Jones, citing ‘devastating' results of $1.4B Sandy Hook debt, to seek U.S. Supreme Court review Alex Jones Urges Bankruptcy Court to Restart Infowars Auction
(DBN)

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Aviation:

American Airlines says it's suing JetBlue as partnership talks end
(DBN)

JetBlue to partner with another U.S. airline in the coming weeks, president says JetBlue Pulls Outlook, Sees Travel Demand Slowdown Worsening
(DBN)

Lufthansa strikes upbeat tone, but monitoring for US demand weakness
(DBN)

China's largest airlines deepen losses in first quarter as competition, US tariffs to weigh
(DBN)

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Accounting:

PCAOB chair ‘deeply troubled’ by GOP proposal to abolish agency
(DBN)

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Education:

New York Bans Smartphones in Schools, Joining National Movement
(DBN)

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Resorts:

Independent examiner in CCA bankruptcy case approved
(DBN)

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Logistics:

UPS to cut 20,000 jobs, close some facilities as it reduces amount of Amazon shipments it handles
(DBN)

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Mining:

Montauk puts itself on the block
(DBN)

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Solar:

Sunnova in Talks to Secure Financing For a Potential Bankruptcy
(DBN)

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Tech:

Nearly 6 out of 10 workers admit making AI-fueled errors
(DBN)

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Weight Loss:

WeightWatchers Stock Rockets After Partnership For Eli Lilly's Zepbound Drug
(DBN)

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Non-Profits:

Tampa judge to hear contempt of court finding for Govoni
(DBN)

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Theme Parks:

An emergency court hearing was called for Dolphin Company’s bankruptcy case
(DBN)

Animal welfare expert retained in Gulf World’s bankruptcy case
(DBN)

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Autos:

White House confirms ‘stacked’ tariff reprieve for auto industry Trump's autos tariff relief aimed at reshoring production to US, Lutnick says
(DBN)

"Inside the Auto Tariff Battle: What Washington Is Not Saying Out Loud"
(DBN)

Mercedes, Stellantis Scrap Guidance as Tariff Chaos Spreads
(DBN)

Porsche Cuts Profit Outlook Over US Tariffs, EV Slowdown
(DBN)

Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
(DBN)

Aston Martin Limits US Car Imports Due to Trump Tariffs
(DBN)

Stellantis Posts Sales Slump, Suspends Guidance on Tariffs
(DBN)

Trump tariffs force Volvo Cars to drop guidance, launch cost cuts
(DBN)

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EU:

Bessent Cites Digital Services Tax as Sticking Point in EU Talks
(DBN)

Von der Leyen rips Trump’s ‘unpredictable tariff policy’
(DBN)

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Canada:

Hockey Supremacy Files for Bankruptcy with $5.7M in Liabilities
(DBN)

Landmark Premiere Properties Facing Second Insolvency In Vancouver
(DBN)

Carney takes aim at Trump as Liberals claim victory in Canada's election
(DBN)

Carney aims for global leadership role against Trump after Canada election win
(DBN)

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China:

In Vivid Video, Beijing Vows Not to ‘Kneel Down’ to Washington - WSJ
(DBN)

Vanke Quarterly Loss Widens to $860 Million After Overhaul
(DBN)

China sends a stern video message to Trump: We won’t ‘kneel down’
(DBN)

China Manufacturing Slumps on US Levies, Spurring Stimulus Calls
(DBN)

Xi Is Trying to Turn World Against US as Trump Cuts Trade Deals
(DBN)

Logistics firm DSV says trade tensions intensifying production shift out of China
(DBN)

China Asks Drugmakers, Hospitals to Find US Import Substitutes
(DBN)

Bessent says China could lose 10 million jobs from tariffs
(DBN)

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Russia:

Ukraine's mining heartlands tell Trump: Don't take advantage of us
(DBN)

Russia Steps Up Attacks on Ukraine as US Ceasefire Push Stumbles
(DBN)

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Mexico:

Mexican economy seen flat in first quarter: Reuters poll
(DBN)

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South Africa:

Understanding the Gauteng High Court’s dedicated insolvency court
(DBN)

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India:

PF obligations must survive insolvency, rules Bombay HC
(DBN)

IBBI seeks comment on IBC rules to simplify compliance
(DBN)

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Malaysia:

Young and broke: Addressing youth bankruptcy in Malaysia
(DBN)

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MENA:

Short of supplies, Gaza's vital community kitchens may soon shut, halt free meals
(DBN)

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