July 9, 2025

The Daily Bankruptcy News

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Law:

New Elite Boutique Law Firm Picks Up More Talent Those Biglaw Deals With Trump Are Looking Worse And Worse Simpson Thacher Associate Quit Biglaw After Firm Capitulated To Trump. Now He’s Running For Congress.
(DBN)

After attorney work stoppage, some criminal defendants released over lack of representation in this state
(DBN)

M&A Is Bouncing Back Big Time
(DBN)

Twin daughters of BigLaw couple among Texas flood victims; ‘we are devastated,’ family says
(DBN)

‘My Pillow’ CEO’s Lawyers Fined for Using Unchecked AI in Filing Mike Lindell Lawyers Earn Pillow-Soft Sanction After Letting AI Do The Thinking
(DBN)

Biglaw Pro Bono Work Once Reached A ‘Hair On Fire’ Level Of Stress Thanks To Trump
(DBN)

ABA President Touts DEI After Delaying Law School Diversity Rule
(DBN)

Texas Law School Deans Want State to Keep ABA Accreditation
(DBN)

Fired California bar executive director should get 30-day suspension, panel says, citing ‘duty to be truthful’
(DBN)

You Can Replace Supreme Court Lawyers With AI Now. Honestly, That Tracks.
(DBN)

The Biglaw Firms Where Lawyers Did The Most Pro Bono Work (2024)
(DBN)

ICE agents on horseback storm SoCal kids' summer camp as families flee in terror Bystanders confront federal immigration agents as they descend on MacArthur Park In an L.A. park, Trump unleashed his latest show of farce: The Battle of the Photo Op Trump is deporting way fewer people than Obama did. Why? ICE agents wearing masks add new levels of intimidation, confusion during L.A. raids Trump admin. using Guantanamo to detain foreigners from 26 countries ICE leaves cars abandoned, lawn mowers running when it arrests workers: A new push to secure property Donald Trump Warned of Move That Could 'Break' MAGA Coalition
(DBN)

Trump admin says class action lawsuit aiming to stop birthright citizenship ban is doomed
(DBN)

Judge swats down Jan. 6 restitution refund request, questions Trump DOJ for backing it
(DBN)

AG sec: Medicaid recipients can replace deported farmworkers
(DBN)

Against Illegal Immigration, but Married to Someone Here Illegally
(DBN)

FBI launches criminal investigations of John Brennan, James Comey: DOJ sources
(DBN)

10 held in Texas immigration detention center shooting that was ‘planned ambush,’ US attorney says
(DBN)

JD Vance's damning Epstein Tweet comes back to haunt him as MAGA rages over broken promise ‘That’s it On Epstein!’ AG Pam Bondi Shuts Down Epstein Question Amid MAGA Outcry Top House Democrats demand release of Epstein files that mention Trump Laura Loomer Attacks ‘Fox News Barbie’ Pam Bondi Over Epstein List Trump Triggers Humiliating Truth Social Backlash by Praising Appointees After Epstein Flub Donald Trump's Response to Jeffrey Epstein Question Leaves MAGA Stunned 'Bannon in the Epstein files': Elon Musk erupts as Trump holds Cabinet meeting Ex-FBI Whistleblower Predicts MAGA Shake-Up at Bureau Amid Epstein Backlash
(DBN)

After Paramount’s Trump Settlement, What’s Next? Even the Company Doesn’t Seem Sure
(DBN)

Diddy's defense 'poked holes' in prosecution's witness testimony, alternate juror says Diddy's Legal Team Drops Push for Expedited Sentencing Sean ‘Diddy’ Combs to be sentenced October 3
(DBN)

Nephew shot and killed uncle during argument over broken TV, police say
(DBN)

Mother recounts the first 'red flag' that led to her son allegedly beheading his father
(DBN)

Mom Stabbed 3 Kids She Believed Were 'Possessed by the Devil'—Prosecutors
(DBN)

Mom got lip filler while 1-year-old died of 107-degree body temperature: Police
(DBN)

Meth-fueled Florida man stole tour train and picked up passengers: Police
(DBN)

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Judges:

Judge Sets Deadline for Mediation in Jackson Walker’s Fee Battle
(DBN)

Prosecutors’ Relationship Raised in Alaska Misconduct Saga
(DBN)

Federal judge dismisses lawsuit seeking to stop DOJ grant cancellations
(DBN)

In Digital Era, Supreme Court Insists on Vast Piles of Paper
(DBN)

Does Justice Kagan stand alone?
(DBN)

Jackson upbraids SCOTUS colleagues for issuing 'reckless' ruling allowing Trump firings
(DBN)

Judge orders DHS response after noticing key El Salvador admission on legal responsibility
(DBN)

Judges keep blocking Trump's policies despite US Supreme Court injunction curbs
(DBN)

Case against judge accused of hiding immigrant can proceed, magistrate says Federal judge recommends case continue against Hannah Dugan Federal magistrate 'unconvinced' judge accused of obstructing ICE is entitled to immunity
(DBN)

Judge temporarily blocks Trump administration from cutting off Planned Parenthood funding 'No legitimate justification': Judge blocks Trump admin from defunding Planned Parenthood
(DBN)

'Valuable and ... essential services': Another judge halts Trump AmericCorps 'dismantling'
(DBN)

Lawyer for ABA, foreign-aid recipients tells DC Circuit US must spend appropriated ‘pots of money’
(DBN)

Federal judge rips Trump DOJ cuts of violence prevention grants as 'shameful,' 'unfair'
(DBN)

Judge scoffs at Trump admin claims about travel ban during arguments over refugee program
(DBN)

Wisconsin Supreme Court clears the way for a conversion therapy ban to be enacted
(DBN)

Trump Tariff ‘Blank Check’ Must Be Curbed, Appeals Court Told
(DBN)

Michigan Courts’ Anti-Bias Proposal Faces Significant Opposition
(DBN)

Climate Activists Use Supreme Court's Samuel Alito's Words to Boost Lawsuit
(DBN)

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Wall Street:

Stock futures rise as investors monitor Trump tariff developments
(DBN)

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Layoffs:

Daimler Truck to cut 5,000 jobs in Germany
(DBN)

Supreme Court clears the way for Trump’s plans to downsize the federal workforce Supreme Court Gives Trump Major Win As Sotomayor, Kagan Side With Admin
(DBN)

Pa. plant and related facilities to close; 380 people to be laid off
(DBN)

AI-driven job cuts may be underreported: Challenger
(DBN)

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Tech:

Bankrupt Wolfspeed taps new CFO
(DBN)

Tilson Makes Significant Progress in Plan to Strengthen Business
(DBN)

Expert Says AI Systems May Be Hiding Their True Capabilities to Seed Our Destruction
(DBN)

Elon Musk’s Grok Gets Extremely Anti-Semitic After Latest Update Praises Hitler
(DBN)

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Metals:

Copper Market in Turmoil as Trump Touts 50% Tariff on US Imports
(DBN)

US Copper Prices Surge to Record as Trump Calls for 50% Tariff
(DBN)

Trump’s Copper Tariff Threats Are Already Raising Factory Costs
(DBN)

Top Copper Nation Sweats on Details of Trump’s 50% Tariff
(DBN)

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Economy:

What the Dollar’s Decline Reveals About America
(DBN)

Trump Says Powell Should ‘Resign Immediately’ If He Misled Congress
(DBN)

CFO Optimism Declines Amid Economic and Geopolitical Turmoil
(DBN)

US Consumer Debt Rises at Slower Pace on Drop in Card Balances
(DBN)

Trump threatens 'no extensions' on new Aug. 1 tariff deadline, warns of higher import taxes Murdoch Paper Skewers ‘Tariff Man’ Trump’s New Flip-Flop EU to Protect Airbus in US Trade Deal as Ferrari to Lose Out Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs Australia ‘Urgently Seeking’ Detail on Trump’s Drug Tariff Threat
(DBN)

Falling birth rates? US adults are much more worried about childcare costs, AP-NORC survey finds
(DBN)

AI could determine whether you get hired or fired as more managers rely on the technology at work
(DBN)

American workers are feeling worse about their jobs than they did during the pandemic
(DBN)

Workplace mental health at risk as key federal agency faces cuts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

1st Look at Local Housing Markets in June
(DBN)

California Positioned to Lead National Property Insurance Reform
(DBN)

Map Shows Best Cities for Renters
(DBN)

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Municipalities:

Toms River School Board Facing Bankruptcy and $22.3 Million Deficit Fires Back at Governor Murphy
(DBN)

Trump threatens federal takeover of NYC if ‘communist’ Zohran Mamdani wins mayoral race
(DBN)

Trump Says He’s Weighing Federal Takeover of Washington, DC
(DBN)

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Theme Parks:

New player enters Miami Seaquarium bankruptcy case
(DBN)

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Food/Beverage:

Del Monte files for bankruptcy amid soaring tariffs
(DBN)

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Politics:

Trump's Approval Rating With Women Hits New Low in Second Term: Polls
(DBN)

How Trump Is Taking Credit For Biden’s Biggest Achievements
(DBN)

Even without wins, Musk party may be threat to Trump
(DBN)

Anti-Donald Trump Protests Planned Nationwide for July 17
(DBN)

Kristi Noem's shocking 9-word response to Texasflood tragedy - 'We don't manage these disasters' DOGE Cuts Contributed to Texas Flood Impact—Former NOAA Administrator Death toll from Texas flood hits triple-digits as tally of missing tops 180 Missing Texas flood victims quadruples to 172 overnight — and number likely to increase No Alerts Heard in Deadly Texas Flash Flood as 161 Still Missing Authorities deflect questions about weather monitoring during deadly Texas floods In deadly Texas floods, one town had what some didn't: A wailing warning siren Death toll in devastating Texas flash floods climbs to at least 109, dozens still missing Texas officials won’t say whether emergency alert officer was awake during deadly flooding Texas inspectors approved Camp Mystic’s disaster plan 2 days before deadly flood, records show Reverend boyfriend of ex-Houston mayoral appointee disavows her vile Camp Mystic tirade
(DBN)

In Flooded Texas, Questions About FEMA’s Role and Fate
(DBN)

Gavin Newsom swings through South Carolina, where Democrats will play pivotal 2028 nominating role
(DBN)

Rubio impostor using AI voice to call high-level officials... Contacted foreign ministers, governor and member of Congress
(DBN)

Top Trump Adviser Sergio Gor Was Born in the Soviet Union
(DBN)

Laura Loomer, Trump’s Blunt Instrument
(DBN)

USAID Cuts Could Transform U.S. Ties to Pacific Islands
(DBN)

‘Playing the Man’: Global Diplomacy in the Trump Era Is All About Flattery
(DBN)

Inside the Collapse of the F.D.A.
(DBN)

Gabbard’s team has sought spy agency data to enforce Trump’s agenda
(DBN)

How Swing Voters Are Responding to Trump's Medicaid Cuts—Data
(DBN)

JD Vance Heckled, Booed at California Dinner
(DBN)

____________

Crypto:

Over 500 Chinese creditors challenge FTX over $470M payout freeze
(DBN)

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Autos:

China’s GAC Fiat Chrysler JV declared bankrupt GAC FCA declares bankruptcy in China China’s EV dominance drives GAC-Stellantis JV bankruptcy
(DBN)

Wholesale Used Car Prices Increased in June; Up 6% Year-over-year
(DBN)

____________

Healthcare:

Humana agrees to purchase bankrupt Florida provider The Villages Health for $50M
(DBN)

Mercy Iowa City asks judge to require MercyOne to accept $31k payment in bankruptcy trial
(DBN)

GOP lawmaker responds to Dems’ cool reaction to his plan to reopen CCMC, other hospitals
(DBN)

The Healthiest States in America: Where You Live Could Add 8 Years to Your Life
(DBN)

MTG pushes to clear doctor who injected kids with saline instead of vaccines
(DBN)

____________

Tile:

Baupost-Backed Tile Importer Files for Bankruptcy, Seeks Sale
(DBN)

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Fintech:

Private Investment Platform Linqto Files for Bankruptcy Amid SEC Scrutiny Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy “You Never Owned the Shares”: Linqto Bankruptcy Exposes Pre-IPO Illusion
(DBN)

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Comic Books:

Paizo Tells Buyers How Diamond Bankruptcy Will Affect RPG Sales
(DBN)

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Celebs:

Kate Moss’s Beauty Brand Is Insolvent
(DBN)

____________

Climate:

Intense downpours like those in Texas are more frequent, but there’s no telling where they’ll happen
(DBN)

In Texas, cutting-edge weather forecasts hit their limits as Trump budget cuts loom
(DBN)

New Mexico Flash Flooding: House Seen Swept Away in Roaring Waters
(DBN)

____________

Retailing:

Store Closures On Track to Far Exceed 2024 Levels
(DBN)

American Mattress, based in Chicago suburbs, files for Chapter 11 bankruptcy 5 bedding companies among American Mattress’ top 20 creditors
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Corporate bankruptcies on the rise in U.S. 63 U.S. Corporate Bankruptcies In June Set Up 2025 For Highest Pace Since 2010
(DBN)

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Privacy:

23andMe Privacy Reviewer Defends WilmerHale as Choice of Counsel
(DBN)

Judge briefly pauses 23andMe bankruptcy sale amid California's appeal
(DBN)

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D&O:

Diluting I v I
(DBN)

____________

Contempt:

US bankruptcy court holds Byju Raveendran in contempt for failure to comply with its orders
(DBN)

____________

Investigations:

Distressed Firms Deserve Impartial, Transparent Investigations
(DBN)

____________

Mootness:

Doctrine Of Equitable Mootness Explained (In re Boy Scouts)
(DBN)

____________

Intercreditor:

Exit Consents in a Liability Management World
(DBN)

____________

Bankruptcy Crimes:

Wisconsin man who hid millions gets 7 years prison for bankruptcy fraud, contempt of court
(DBN)

North Carolina Man Sentenced for Making False Statements Under Oath in a Bankruptcy Case
(DBN)

____________

Accounting:

Audit Under Siege: EY's Legal Quagmire and the Investment Risks Ahead
(DBN)

____________

Aviation:

Travelers may no longer be required to remove shoes before boarding a plane
(DBN)

____________

Entertainment:

Behind Dr. Phil’s Media Flameout Dr. Phil’s Merit Street Media Files Bankruptcy, Sues Trinity Broadcasting
(DBN)

____________

Student Debt:

Student loan cancellation program could become Trump retribution tool, some advocates fear
(DBN)

Medical students fret over the new student loan cap in the 'big, beautiful bill'
(DBN)

____________

Agribusiness:

Owners of Duda's Farm speak out as future of farm remains uncertain amid financial hardships
(DBN)

U.S. to ban Chinese purchases of farmland, citing national security
(DBN)

Trump Administration Gives Update on Deporting Migrant Farm Workers
(DBN)

____________

Sovereigns:

G20 chair calls for urgent global action on Africa's debt crisis
(DBN)

____________

UK:

High Court ‘draws amendment line’ applicable to insolvency claims
(DBN)

Clock ticking on Prax Lindsey Refinery as buyers sought amid insolvency crisis
(DBN)

The “12 month” rule in a Members Voluntary Liquidation (MVL) means the company must pay in that period – not simply be able to pay
(DBN)

Intellectual property rights on insolvency: risks and remedies for a licensee
(DBN)

Stock futures rise as investors monitor Trump tariff developments
(DBN)

Dozens thought about suicide due to Post Office Horizon scandal, report finds Anorexia, bankruptcy, suicide – how the Horizon IT system ruined lives Post Office scandal inquiry lays bare a second injustice
(DBN)

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Canada:

Insolvency filings in May rise from April, but down from last year
(DBN)

Most Canadians now see US as a ‘threat,’ study reveals
(DBN)

____________

MENA:

New Israeli report says Hamas used sexual violence as a 'weapon of war' in Oct. 7 attack
(DBN)

I.C.C. Seeks Arrests of Taliban Leaders Over Persecution of Women
(DBN)

Russia 'Ready to Assist Tehran in Refilling' Uranium Stockpiles
(DBN)

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Russia:

Trump’s sudden shift on weapons for Ukraine takes the war back to square one Trump caught off guard by Pentagon's abrupt move to pause Ukraine weapons deliveries, AP sources say Trump won't say who ordered the pause in weapons deliveries to Ukraine last week Trump Escalates Criticism of Putin After Restoring Arms Shipments to Ukraine
(DBN)

Trump rips Putin during cabinet meeting for talking ‘bulls—‘: ‘He’s very nice, but it turns out to be meaningless’
(DBN)

Why Trump's Attitude on Ukraine Is Changing
(DBN)

Russia fires a record 728 drones and 13 missiles at Ukraine, Ukrainian air force says
(DBN)

War-torn Russia facing 'population wipe out' ticking time bomb
(DBN)

____________

India:

Five members of a family were accused of witchcraft and brutally murdered by a mob in India, police say
(DBN)

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China:

New World Is Selling China Property Assets After Loan Deal
(DBN)

China’s Producer Deflation Worsens as Weak Demand Persists
(DBN)

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South Korea:

Trump Pressures South Korea to Pay More for Defense
(DBN)

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Singapore:

S$43,000 fine for undischarged bankrupt doctor in Singapore who failed to disclose assets worth over S$4mil
(DBN)

Sale of Del Monte products in Singapore not affected by US unit’s bankruptcy filing
(DBN)

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India:

Insolvency regulator amends rules to enhance disclosure on avoidance transactions
(DBN)

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