April 8, 2025

The Daily Bankruptcy News

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Law:

Associate Quits In Epic Fashion, Says Willkie Farr’s Principles ‘Are Now So Deeply Compromised’ Doug Emhoff Critical Of Willkie Farr’s Decision To Bow To Donald Trump Paul Weiss Partner Event Highlights The Blow It’s Taken Trump War on Big Law Exposes Wall Street Firms' Soft Underbelly
(DBN)

U.S. News Releases Two Wildly Different Versions Of The 2025 Law School Rankings At The Same Time
(DBN)

Former Thompson Hine partner won’t have to arbitrate surviving sex bias claims, federal judge rules
(DBN)

A&O Shearman unveils AI tool to speed up senior legal work
(DBN)

Small Firms Should Advertise To Real Potential Clients, Not To Other Lawyers Or Their Own Egos
(DBN)

Willkie Leads New Suit Blaming Gaza Developer for Hamas Attack
(DBN)

DOJ Aims to Staff Up 'Priority Work' on Antisemitism, Title IX
(DBN)

Prince William Causes Royal Stir With Lawyer Shake-Up
(DBN)

Texas high court considers dropping ABA accreditation as requirement to practice law
(DBN)

Brown Rudnick agrees to $8 million settlement over Guo bankruptcy work Brown Rudnick Settles With Guo Wengui Trustee for $8 Million
(DBN)

Defending Trump Policies in Court Leads to Criticism, Doubt and Punishment
(DBN)

Bloomberg Pumps Cash Into the Long-Term Legal Fight Against Trump
(DBN)

DOJ Wants to Restrict a Fired Lawyer's Congressional Testimony US Marshals were mobilized to warn fired DOJ lawyer over congressional testimony, attorney says
(DBN)

Trump’s Attorney General Says He ‘Probably’ Can’t Serve Third Term
(DBN)

DOJ opposes court-ordered return of immigrant, suspends lawyer who said he shouldn’t have been deported
(DBN)

Trump Admin to Ramp Up Death Penalty Cases
(DBN)

Revoking security clearances includes due process, which is not being followed, says whistleblower lawyer
(DBN)

New York Gun Restrictions Left in Place by US Supreme Court SCOTUS turns down chance to hear gun case over 'sensitive locations' firearms ban
(DBN)

Amid fears of immigration raids, Latino churches rethink how to conduct services Mother and three children arrested by ICE in border czar's New York town released from detention Trump Administration Revokes Legal Status for Migrants Who Entered U.S. Using CBP One App ICE decides who's linked to gangs, border czar says Report: Most migrants sent to mega-prison have no apparent criminal record
(DBN)

Inside Boston’s Luxury Brothel Scandal - WSJ
(DBN)

Youth soccer coach charged with murder in death of 13-year-old boy
(DBN)

Prosecutors allege retaliation over Menendez brothers resentencing memo
(DBN)

Man burns 67-year-old girlfriend with hot soup because she was talking too much: Cops
(DBN)

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Judges:

Appeals Court Lifts Some Limits on DOGE Access at US Agencies
(DBN)

Trump Can Fire Two Agency Members, Appeals Court Says
(DBN)

US Appeals Court Reinstates Agency Members Fired by Trump
(DBN)

Appeals court reverses Trump's firings of labor board members as SCOTUS showdown looms
(DBN)

Trump Turns to Supreme Court on Wrongly Deported Salvadoran Supreme Court delays midnight deadline for Trump admin to fix mistaken deportation Chief Justice Roberts pauses deadline for return of Maryland man mistakenly deported to El Salvador ‘A Path of Perfect Lawlessness’ Supreme Court Lets Trump Seek Deportations Under Wartime Law
(DBN)

As judges stymie Trump with nationwide orders, pressure builds on US Supreme Court
(DBN)

The Real A.C.B. Amy Coney Barrett Joins Liberals to Defy Trump—Again Amy Coney Barrett Siding Against Trump Sparks MAGA Fury: 'Disgusting Fraud' Will the Supreme Court check Trump’s unconstitutional acts? It may come down to one justice
(DBN)

Supreme Court gives boost to Trump administration's deportation plans under Alien Enemies Act
(DBN)

N.C. Supreme Court halts decision requiring verification of 65,000 votes in tight judicial race
(DBN)

Federal Judges Who Ruled Against Trump Receive ‘Alarming’ Unsolicited Pizza Deliveries
(DBN)

South Texas judge suspended by state agency after cattle theft indictment
(DBN)

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Wall Street:

Dow futures bounce 800 points after 3 days of turmoil from Trump’s tariffs
(DBN)

Some Calm Returns to Markets Even as Trade Tensions Escalate
(DBN)

Markets Convulse as Tariff Chaos Erases $10 Trillion From Stocks Stock Market Drops for Third Day Amid Trump's Tariff Turbulence
(DBN)

Markets could get a lot worse — and quickly
(DBN)

Market Chaos Could Inflict Its Own Economic Damage
(DBN)

Apple’s 3-day loss in market cap swells to almost $640 billion
(DBN)

Gundlach: When you have these types of market moves someone goes bankrupt
(DBN)

The stock market will go down 80% ‘when this is over,’ says bearish investor Mark Spitznagel
(DBN)

‘This Is Madness’: The 15 Minutes That Rocked Stock Markets
(DBN)

Wall Street Titans Blast Trump’s Tariffs With Markets Roiled
(DBN)

Hedge funds pile up record short bets against stocks as traders go into ‘self-protection mode’
(DBN)

Trump tariffs: If you’re worried about a bear market, look at this one chart
(DBN)

Trump Tells Americans to Stop Panicking as Markets Plunge: ‘Don’t Be Weak! Don’t Be Stupid!’
(DBN)

This is the stock market’s worst start to a presidential term in modern history
(DBN)

Stocks Tumble as Trump Team Rejects Deal Offers
(DBN)

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Layoffs:

What a Charlotte attorney’s DOGE story says about the department’s effort overall
(DBN)

Fired Federal Workers Flood 'Brutally Competitive' Job Market
(DBN)

Noem offers buyouts to DHS workers
(DBN)

Reports: Fannie Mae lays off 700 employees
(DBN)

U.S. Cellular to lay off over 4,000
(DBN)

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Nightclubs:

Why Are These Clubs Closing? The Rent Is High, and the Alcohol Isn’t Flowing.
(DBN)

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Politics:

In Trump’s Second Term, Retribution Comes in Many Forms
(DBN)

Is This America’s Liz Truss Moment?
(DBN)

‘The opposite of what Americans voted for’: Market turmoil causes Trump backlash
(DBN)

Why are there so many boomers at anti-Trump protests?
(DBN)

Donald Trump's Approval Rating Goes Negative With His Top Pollster
(DBN)

Trump is turning the United States into a global laughing stock
(DBN)

I Should Have Seen This Coming
(DBN)

Trump Will Get His Showy (And Likely Expensive) Military Parade in D.C. Trump planning huge $100million US military parade on his birthday that will snake through Washington DC White House denies a military parade is scheduled for Trump’s birthday
(DBN)

US admiral at NATO fired in expanding national security purge
(DBN)

Elon Musk Posts Cryptic Anti-Tariff Video
(DBN)

This Republican senator is leading the charge against Trump’s tariffs
(DBN)

MAGA Rolls Out Bonkers New Justification for Trump’s Trade War
(DBN)

The House Democrat who actually loves Trump's tariffs
(DBN)

Pro-MAGA host left stunned after Trump's tariff action crashed his 401k: 'I gasped' | Daily Mail Online
(DBN)

Nancy Mace Blasts 'Hateful' Constituents After Skipping Town Hall
(DBN)

The U.S. ends lifesaving food aid for millions. The World Food Program calls it a ‘death sentence’
(DBN)

Trump Administration Fires Another Female Military Leader
(DBN)

NPS restores Underground Railroad history after outcry
(DBN)

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Economy:

US consumer borrowing unexpectedly declines in broad pullback
(DBN)

Mentions of 'chaos' are spiking in analyst reports
(DBN)

Russian State TV Revels in Trump Having ‘Destroyed Trust’ in the Economy — Calls for a Monument to Be Built in His Honor
(DBN)

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy
(DBN)

Jim Cramer says a recession is likely but investors shouldn’t panic sell
(DBN)

Stagflation fear gives way to recession fear
(DBN)

Forbes Recession Tracker: Goldman, JPMorgan Say Recession Incoming If Trump Doesn’t Blink On Tariffs
(DBN)

Here's what boomers, a millennial, and Gen Zers had to say about a possible recession
(DBN)

Recession Betting Odds Surge Past 60% On Major Platforms As Markets Plunge Over Trump Tariffs
(DBN)

‘This is the Trump recession,’ CEOs say, with price increases, job losses coming: CNBC survey
(DBN)

CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
(DBN)

Bill Ackman warns world is on brink of ‘self-induced economic nuclear winter,’ begs Trump to pause tariffs Spare Us the Crocodile Tears, Bill Ackman
(DBN)

BlackRock’s Larry Fink warns US economy is ‘weakening as we speak’
(DBN)

Second Major Bank Sounds US Recession Alarm Bells
(DBN)

Why America’s Oligarchs May Regret Their Obedience
(DBN)

Here Are the Places Where the Recession Has Already Begun
(DBN)

Wall Street Starts to Speak Out Against Trump’s Tariffs
(DBN)

Inflation could hit different this time
(DBN)

Trump Says No Pause on Tariffs, But Open to Negotiations Trump says he's not looking to pause tariffs despite global market uncertainty Stop Freaking Out. Trump’s Tariffs Can Still Work. Navarro: Donald Trump’s tariffs will fix a broken system Companies get creative in finding ways to limit impact of Trump’s tariffs Trump holds firm on tariffs as the White House looks for ways to calm nervous allies Trump is talking trade deals after Bessent urged him to message tariff endgame Trump Keeps Investors on Edge With Clashing Tariff Comments So much winning — in 15 charts Buffeted by Trump’s tariffs, Hill Republicans are desperate for a deal Rattled Wall Street donors enlist GOP lawmakers on Trump tariffs Amid economic chaos, some Republicans want control of tariffs back in Congress Japan to Get Priority in Trade Talks After Trump-Ishiba Call Top Vietnam Official Rushes to Washington for Talks on Trade Report: India Wants ‘Equitable Trade Deal,’ Not ‘Confrontation,’ After Trump Tariffs Jon Stewart says Trump's tariff policy sounds like a 'Squid Game' tagline The influential paper that explains Trump’s radical tariff policy What’s The Over/Under On How Long Trump’s Tariffs Will Remain? Frustrated World Leaders Wonder If Trump Even Wants a Deal Peter Navarro says Vietnam’s 0% tariff offer is not enough: ‘It’s the nontariff cheating that matters’ Trump rejects European Union’s ‘zero-for-zero’ tariff resolution to remove industrial fees on US goods: ‘Not looking at that’ Just Like the Old Trump Kolanovic Sees Trump Ending Tariff 'Clown Show' to Save Stocks Trump Threatens 50% More China Tariffs, Teases Talks With Others EU Trade Chiefs Close Ranks as Trump Tariffs Jolt Global Trade Zimbabwe set to become first country to officially cave on Trump’s tariffs US-Japan Trade Talks Set to Kick Off After Trump-Ishiba Call Elon Musk’s brother slams Trump tariffs, calls them ‘permanent tax on the American consumer’ Luxury cars, watches, toys not being shipped to US over tariffs — here are some of the brands being held back The First Victim of Trump’s Trade War: Michigan’s Economy - WSJ Mike Johnson Urges 'Patience' on Tariffs Amid Wall Street Volatility Mike Johnson Could Shut Down Trump’s Tariffs House Republican Will Introduce Bill Challenging Trump’s Tariffs—As Speaker Johnson Reportedly Urges Tariff Support Trump issues veto threat on tariff bill A small fashion brand owner took to TikTok to lay out 3 big ways the Trump tariffs will hit his company Cars to Gadgets: What US Consumers Are Losing to Trump Tariffs Fox Business Host Schools Trump’s Treasury Secretary on U.S. Trade Policy
(DBN)

Trump says high tariffs may have prevented the Great Depression. History says different
(DBN)

How Trump Tariffs Shock Compares to Worst Stock Market Crashes in History
(DBN)

Trade Will Move on Without the United States
(DBN)

Trump Steps Off Golf Course to Lecture America: Take Your Medicine
(DBN)

Republicans Fracture on Trump’s Tax Bill - WSJ
(DBN)

Price Hikes Are Already Rolling in From Tariff-Hit Businesses
(DBN)

Warren Buffett’s decision to sit on $300B cash pile pays off — as 500 richest moguls lose half a trillion dollars
(DBN)

Billionaires Including Elon Musk Lash Out Over Global Market Meltdown And Trump Tariffs Elon Musk Pleaded With Trump to Stop Tariffs While Feuding With Trade Guru
(DBN)

Ted Cruz Urges Trump to Listen to ‘Angel’ Elon Musk on Trade
(DBN)

Trump’s Trade War Is Driving US Into Recession, Canada’s Carney Says
(DBN)

Financial Stress Has More Americans Tapping Their 401(k)s
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

How Contracting Work Became a Race to the Bottom
(DBN)

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Municipalities:

Larry Fink to New York: Fix Crime, Filth or Lose More Firms
(DBN)

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Celebs:

Mercedes-Benz drops attempt to repossess car of Deion Sanders' son Shilo
(DBN)

Antonio Brown On The Hook For Possibly Misleading The Court In Bankruptcy Case
(DBN)

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Apparel:

Levi Overlooks Tariff-Driven Trade Upheaval in Unchanged Outlook
(DBN)

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Water:

Why US Is Refusing To Give Water to Mexico
(DBN)

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Religion:

Christian missionary group accused of public shaming and rituals to ‘cure’ sexual sin
(DBN)

The Catholic Church is breaking up with the U.S. government. Here’s why it matters
(DBN)

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Nursing Homes:

Senior home makes appearance in bankruptcy court
(DBN)

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Bankruptcy Crimes:

Philadelphia CEO charged with tax and bankruptcy fraud
(DBN)

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Pharma:

Trump’s Tariff Threat Sparks Race to Find US Drug Manufacturers
(DBN)

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Crypto:

Silvergate Bankruptcy Probe Tainted by Conflicts, Examiner Says
(DBN)

More than 90% of creditors back proposed restructuring, WazirX says
(DBN)

Bitcoin Stabilizes After Dropping to Lowest Level Since November
(DBN)

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Entertainment:

Redbox goes up for auction following a wild bankruptcy saga
(DBN)

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Comic Books:

AENT Is Now Suing Diamond Comic Distributors Over Bankruptcy Auction
(DBN)

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Tourism:

Cornered and confronted: American tourists are facing a scary backlash
(DBN)

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Art:

Global Art Sales Fell by 12% Last Year, Report Says
(DBN)

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Coal:

Trump Order Seeks to Tap Coal Power in Quest to Dominate AI
(DBN)

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Gambling:

Embattled Star Accepts $180 Million Funding Deal From U.S. Casino Operator Bally’s
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Boaz Weinstein Warns of Spike in Bankruptcies
(DBN)

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Mass Torts:

N.J. diocese sought to cut off an investigation into its ‘sordid history,’ abuse victims charge
(DBN)

Maryland lawmakers pass bill to limit future liabilities amid thousands of claims of sexual abuse
(DBN)

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Corporate Governance:

Sustainable Bankruptcy
(DBN)

Will Delaware’s Recent Corporate Law Revisions Stop Reincorporations?
(DBN)

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Miscellaneous:

Court Opinion Review: Red River Bankruptcy Gets Bounced, Jervois Venue Validated, Serta Unequal Treatment Objection Sidestepped in WOM, and the Fifth Circuit Rejects Highland, Again
(DBN)

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Consumer Bankruptcy:

The Periphery of Bankruptcy Law: The Importance of Non- Bankruptcy Issues in Consumer Bankruptcy
(DBN)

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Aviation:

Spirit Airlines CEO Steps Down After Failed JetBlue Merger and Bankruptcy Exit
(DBN)

GOL reaches key restructuring deal with Boeing under Chapter 11 process
(DBN)

Wall Street Slashes Price Targets For Airline Stocks By Up To 45%
(DBN)

Republic Airways to Take Over Troubled Mesa in Stock Deal
(DBN)

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Autos:

Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets
(DBN)

Jeep Maker Stellantis Offers to Help Suppliers Pay Tariff Costs
(DBN)

Volkswagen’s Audi freezing US imports due to Trump’s 25% autos tariff
(DBN)

Wholesale Used Car Prices Decreased in March; Down 0.2% Year-over-year
(DBN)

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Personal Finance:

Scholarships for child care are drying up. Now families are paying the price
(DBN)

As Social Security services are cut back, millions of seniors face long drives
(DBN)

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Healthcare:

Bonati Spine Institute files for bankruptcy after dispute with the state
(DBN)

CT lawmakers likely to take steps to prevent medical bankruptcy
(DBN)

RFK Jr.’s Inconsistent Measles Messages Alarm Health Officials RFK: MMR vaccine is the "most effective way" to prevent measles spread RFK Jr. to Attend Funeral of Second Child to Die in Texas Measles Outbreak
(DBN)

RFK Jr. Says He'll Urge CDC to End Fluoride Guidance in US Drinking Water EPA "prepared to act" on RFK's request to remove fluoride from drinking water
(DBN)

Invasive strep infections have more than doubled in the U.S., CDC study finds
(DBN)

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Food/Beverage:

Will tariffs kill your favorite weeknight wine?
(DBN)

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Tech:

Apple’s highest-end iPhone could see $350 price hike in U.S. on Trump tariffs: analyst How Apple plans to keep the cost of iPhones down after President Trump’s sweeping tariffs
(DBN)

Average Health System Audit Finds 70 'Quiet' AI Applications, CEO Says
(DBN)

Trump vs. tech titans
(DBN)

Why tariffs are kryptonite to the AI business
(DBN)

Gen Z is still anxiously using AI: Poll
(DBN)

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Publishing:

American readers worry tariffs will turn the page on affordable books
(DBN)

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EU:

EU Spares Bourbon in 25% Tariffs on Some US Goods in Metals Spat
(DBN)

France Says EU Ready to Brandish All Tools in US Trade Talks
(DBN)

Germany Seeks Strongest EU Trade Tool to Hit Back at US Tariffs
(DBN)

Pentagon considering proposal to cut thousands of troops from Europe, officials say
(DBN)

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Canada:

US Hits Canada Lumber With 34% Duties Even Before Trump Tariffs
(DBN)

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MENA:

Trump Says US Is Having Direct Talks as Iran Rejects Them Satellite Image Shows US Aircraft Carrier Nearing Iran Pentagon Prepares for Trump to Go Berserk - Unprecedented number of B-2 bombers amassed for Iran strike Iran Confirms It Will Start Nuclear Talks With US This Weekend Trump envoy Witkoff to lead high-stakes nuclear negotiations with Iran
(DBN)

Trump’s Tariff Stance Set for Test in Meeting With Israel’s Netanyahu Netanyahu tells Trump that Israel will ‘eliminate’ trade deficit and tariffs to avoid 17% US trade penalty Trump doesn't give Israel a break on tariffs despite Netanyahu visit
(DBN)

Egypt’s Pound Plunges to New Low as Trump Tariffs Roil Markets
(DBN)

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China:

Country Garden says restructurings covering at least 8 bonds receive creditor approval
(DBN)

China Stocks Suffer ‘Panic Selling’ as Tariff War Escalates
(DBN)

Chinese Stocks Bounce Back as State Funds Come to the Rescue
(DBN)

China vows to ‘fight to the end’ if Trump raises tariffs to 104%
(DBN)

Xi Vows to ‘Fully Unleash’ Consumption in Face of Trump Tariffs
(DBN)

Trump’s dispute with China is decades in the making
(DBN)

China says it will never accept US 'blackmail' in escalated tariff threats
(DBN)

Apple's Plan to Source More iPhones From India May Be Double Blow to China
(DBN)

China reserves firepower for Trump trade battle
(DBN)

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Russia:

EU Envoy Says No Talks Yet With US on Easing Russia Sanctions
(DBN)

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Thailand:

Thailand Won’t Rush to Reduce Taxes on US Imports, Official Says
(DBN)

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Belgium:

Brussels police arrest Rubio security detail supervisor after hotel fight
(DBN)

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Mexico:

As the World Turns on Trump, Mexico's Claudia Sheinbaum Has Other Plans
(DBN)

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Japan:

Japan's bankruptcy filings hit 11-year high in FY2024/25 Japan bankruptcies surge to 11-year high amid economic uncertainty
(DBN)

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Singapore:

Singapore steps up efforts to become Asia’s restructuring hub Singapore’s insolvency reforms take aim at shareholder dissent
(DBN)

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Mexico:

Trump administration weighs drone strikes on Mexican cartels
(DBN)

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