June 27, 2025

The Daily Bankruptcy News

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Law:

These 4 conservative law firms are thriving under Trump
(DBN)

Vault Ranks The Best Summer Associate Programs (2026)
(DBN)

Law firms consider increasing capital contributions by equity partners
(DBN)

Milbank’s Spine Makes A Reappearance
(DBN)

As Deadline Approaches in Perkins Coie Case, DOJ's Move May Signal Approach for Other Law Firms
(DBN)

Trump Deals Have a Disparate Impact Across Big Law
(DBN)

The Biggest Partner Compensation Gap In Biglaw
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Vault ‘Quality Of Life’ Rankings: The Best Law Firms To Work For In America (2026)
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How Much Do Law School Rankings Matter?
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Yale Law Library Aquarium Set To Sleep With The Fishes
(DBN)

McDermott, Schulte Partners Approve Merger to Create Mega-Firm
(DBN)

Loan Caps, Lost Dreams: How a New Proposal Could Price Out the Next Generation of Diverse Lawyers
(DBN)

Lawyer accused of hitting rapper Fat Joe’s process server with his car
(DBN)

Associate accused of 'gross misconduct' sues Trowers for disability discrimination
(DBN)

'Work from Mars for all I care' - client verdict on WFH
(DBN)

Freshfields ramps up monitoring of non-fee earners
(DBN)

Ropes & Gray lawyer targeted in smear campaign – by his wife
(DBN)

Law School Dean Shrugs Off Trump Judge Giving Top Grade To ‘Constitution Is For White People’ Paper
(DBN)

Alternatives to Bar Exam Met With Dueling Relief and Skepticism
(DBN)

Lawyers Hate Marketing But This Might Make Them Hate It Less
(DBN)

Army vet and Purple Heart recipient self-deports after 48 years in US ICE Is Using a New Facial Recognition App to Identify People, Leaked Emails Show Justices Add New Hurdle for Immigrants Fearing a Return Home Prosecutors tell judge government plans to deport Abrego Garcia to a country that's not El Salvador Trump Administration Says It Plans To Deport Abrego Garcia Before He Stands Trial Abrego Garcia's attorneys use Trump admin's own arguments against them Trump administration will put Abrego on trial before deporting him again Trump administration expands military's role at the border to the southern tip of Texas US announces new fentanyl-related visa restriction policy Wrongfully Deported Dad Demands ICE Stand Down Family members outraged as U.S. citizen detained by federal agents in downtown LA on way to work Canadian National Dies in ICE Custody: What We Know Green Card Holder Detained by ICE for Over 4 Months After Making Wrong Turn Church Stormed by ICE Agents in California New Warning Issued to Green Card Holders Blue States Combat Trump’s Migrant Crackdown Using Workplace Law
(DBN)

Crockett questions Melania Trump’s reported ‘Einstein visa’: ‘The math ain’t mathin”
(DBN)

Ex-Trump lawyer Kenneth Chesebro disbarred in New York
(DBN)

10 years after Obergefell, gay marriage faces growing threats He Made Gay Marriage the Law of the Land. Now He’s Fighting a Larger War. Here's where same-sex marriage would be banned without Obergefell
(DBN)

White House wants deep cut in US funding for war crimes investigations, sources say
(DBN)

Tennessee sheriff’s deputy beaten into critical condition on live TV show by suspect he was seeking
(DBN)

Officer issued 'false' ticket to 'reconnect' with ex who was deployed overseas, police say
(DBN)

Diddy prosecutor's closing argument paints mogul as a powerful crime boss who refused to take 'no' for an answer
(DBN)

The Killings That Shattered a Small Washington Town
(DBN)

Prison nurse sentenced for poisoning her husband so she could marry an inmate
(DBN)

Son shot family hours after they returned from international vacation without him
(DBN)

Group of 5th-grade girls plotted to murder boy after luring him into bathroom: Police
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Minnesota shooting suspect’s wife offers sympathies to lawmakers’ families
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Judges:

"Bizarre" DOJ lawsuit fuels Trump's war against judicial branch
(DBN)

Conservative Judges Are Refusing To Retire, Denying Trump The Chance To Further Besmirch The Courts
(DBN)

Senate Referee Blocks GOP’s Judicial Power Play in Trump’s Mega-Bill
(DBN)

Hundreds of US Judges Received Over 400 Threats Since October
(DBN)

Reluctant prosecutor can’t ‘manufacture mootness’ or ruin standing for inmate seeking DNA test, SCOTUS says
(DBN)

Former Supreme Court Justice Kennedy says ‘democracy is at risk’
(DBN)

US judge extends block on Trump's bid to eliminate Job Corps program 'Not free to do as it pleases': Judge says Trump admin can't shutter Job Corps
(DBN)

Judge says Newsom 'entitled' to discovery from Trump admin on National Guard deployment
(DBN)

Emil Bove’s ‘I’m Not A Henchman’ T-Shirt Has People Asking Questions At Judicial Confirmation Hearing
(DBN)

Supreme Court's final opinions of the term are coming Friday, Chief Justice Roberts says
(DBN)

Justices side with Texas death row inmate seeking DNA testing to show he shouldn't be executed
(DBN)

Samuel Alito Accuses Supreme Court of Ignoring Congress—'Indefensible'
(DBN)

Alito slams Jackson's 'thinly veiled desire to march in the parade' in First Step Act case
(DBN)

Gorsuch lectures liberal colleagues about precedent and statutory interpretation
(DBN)

Neil Gorsuch Joins Liberals' Dissent Against Trump DOJ in Immigration Case
(DBN)

Clarence Thomas: SCOTUS just handed death row inmates 'a tool for obstruction'
(DBN)

Clarence Thomas Urges 'Reexamination' of 150-Year-Old Civil Rights Statute
(DBN)

Chewed Gum Under Courthouse Table Becomes Federal Case Because Of Course It Does
(DBN)

Judge's Misconduct Hearing Reveals Modern Hurdle
(DBN)

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Wall Street:

Stock futures rise on trade deal hopes, S&P 500 poised for record high
(DBN)

U.S. stocks rise to the brink of a record and recover nearly all their 20% springtime drop
(DBN)

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Layoffs:

Walmart to close Sam's Club fulfillment center in Texas, affecting hundreds of employees
(DBN)

Amazon's 30-day deadline to employees in US amid mass layoff fear
(DBN)

State Dept. layoffs could start as soon as Friday, as Supreme Court decision looms State Department prepares to cut 2,000 employees as soon as Friday, sources say
(DBN)

FedEx closes 100 stations through Network 2.0 overhaul
(DBN)

Rivian cuts 140 ahead of R2 launch
(DBN)

Tech Layoffs in Bay Area Now Trigger Bankruptcy Surge
(DBN)

Harvard Kennedy School announces layoffs after Trump cuts billions in funding
(DBN)

279 more layoffs reported in southern coalfields
(DBN)

Sunseeker announces proposed restructure with 200 jobs under review
(DBN)

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Autos:

China’s Xiaomi undercuts Tesla with yet another cheaper car
(DBN)

Tesla head of manufacturing Omead Afshar fired by Elon Musk
(DBN)

'Downright Unsafe': Austin Man Takes a Tesla Robotaxi Ride. Here's What To Know Before Hailing One Yourself
(DBN)

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Education:

Former instructors say Vivaldi Music Academy owes them thousands in unpaid wages
(DBN)

House Republicans subpoena Harvard president over alleged tuition practices
(DBN)

Students Trying to ‘Escape the Trump Years’ Turn to UK Universities
(DBN)

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Consumer Protection:

Senate Banking Republicans propose scaled-back CFPB cut in new megabill plan
(DBN)

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Cruise Lines:

‘I was told to poo in a bag on the cruise of nightmares’
(DBN)

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Climate:

How the next financial crisis starts
(DBN)

An obscure temperature record shows impact of massive heat wave
(DBN)

Countries agree 10% increase for UN climate budget
(DBN)

Fed's Barr says banks must manage climate risk
(DBN)

Global energy CO2 emissions reached record high last year, report says
(DBN)

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Economy:

US economy shrunk faster than expected, new data shows
(DBN)

US first-quarter GDP revised lower on tepid consumer spending Q1 GDP Growth Revised down to -0.5% Annual Rate
(DBN)

Fed's Daly Says Muted Tariff Impact May Open Door To Cut In Fall
(DBN)

US labor market softening as more people remain on unemployment rolls Recurring U.S. Jobless Claims Jump To Highest Since November 2021
(DBN)

Weekly Initial Unemployment Claims Decrease to 236,000
(DBN)

Legal Implications Escalate as Israel-Hamas Conflict Fuels U.S. Workplace Disputes and Lawsuits
(DBN)

Investors on Edge About a Potential Shadow Fed Chair Treasuries Rally, Dollar Slumps as Trump Eyes Powell Successor Trump decision on Fed not imminent, source says
(DBN)

Dollar sinks to 3-year low, stocks hits fresh record amid Fed worries
(DBN)

Fears over US debt load and inflation ignite exodus from long-term bonds
(DBN)

Fed's Collins: not enough data by July to decide on a rate cut
(DBN)

No love for the dollar as markets fret about Fed independence
(DBN)

Trump’s war against the Powell Fed has taken another political turn
(DBN)

Trump trade deadline of July 9 ‘not critical’ Trump's economic advisor says tariffs aren't going anywhere, and 'stubborn countries' could see a return to Liberation Day Trump’s Threat of More Tariffs Makes US Trade Partners Wary of Signing Deals EU Briefs Divided Leaders on Trump’s Counterproposal on Tariffs Lutnick Says US-China Trade Truce Signed, 10 Deals Imminent China Confirms US Trade Framework, Vows to Review Exports Trump Teases ‘Big’ India Trade Deal as Negotiators Harden Stance Thai Finance Chief to Visit US for Trade Talks, Denying 18% Levy
(DBN)

GE Appliances moves washing machine production from China to Kentucky with $490 million investment
(DBN)

U.S. is still ‘exceptional’ despite rest of world outperformance this year, Apollo’s Marc Rowan says
(DBN)

House GOP holdouts threaten revolt over Trump and Senate’s tax bill House GOP hard-liners fume at Senate parliamentarian’s Medicaid rulings Trump Faces MAGA Revolt as Big Beautiful Bill Blows Up Over Medicaid Trump Tax Bill Hits $250 Billion Health-Care Snag in Senate GOP senator calls for Senate parliamentarian to be fired after ruling against Medicaid cuts Thune says he won’t overrule Senate referee on Medicaid cuts Senate’s Byrd Rule Upends Trump’s ‘Big Beautiful Bill’ Key SALT Republican rejects latest offer from Senate GOP, White House Parliamentarian rejects GOP attempt to prohibit federal subsidies for health plans that cover abortion services An Obscure Official Wields Huge Clout Over Trump Tax Bill At odds over Trump's tax bill, some Senate Republicans turn on chamber's referee White House: Megabill’s July 4 deadline stands Private credit joins the US tax-break treasure hunt Celebrities Sign Letter Opposing Cuts to Medicaid, SNAP: Full List Tax Hike On Mega-Millionaires Floated As GOP Debates Trump Bill
(DBN)

Treasury Deal Kills ‘Revenge Tax’ That Spooked Wall Street
(DBN)

Billionaires’ wealth surged $6.5tn over past decade, Oxfam reports
(DBN)

HENRYs with kids say 6-figure salaries just aren't cutting it
(DBN)

The clearest sign that America's work-life balance is totally out of whack
(DBN)

Some bedrocks of the professional world are losing their luster
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

New-Home Sales Drop By Most Since 2022 On Poor Affordability
(DBN)

Average long-term US mortgage rate drops to 6.77%, the lowest level since early May
(DBN)

Realtor.com Reports Most Active "For Sale" Inventory since December 2019
(DBN)

Inflation Adjusted House Prices 1.7% Below 2022 Peak; Price-to-rent index is 8.8% below 2022 peak
(DBN)

NAR: Pending Home Sales Increase 1.8% in May; Up 1.1% YoY
(DBN)

The fiery 'Zillow Ban' lawsuit is about to make your search for a new home even more chaotic
(DBN)

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Municipalities:

Developer owed nearly $26M by Cle Elum speaks on city filing for bankruptcy
(DBN)

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Oil/Gas:

Black Lion makes last-minute $8B bid in high-stakes Citgo auction
(DBN)

Trump administration has 'no imminent plans' to refill nation's emergency oil reserve
(DBN)

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Politics:

Trump official in 'line of fire' for leaked Iran bombing intel as they're left out of major security briefing
(DBN)

Donald Trump's Approval Rating Goes Negative in Texas Trump's immigration approval rating hits new low, poll shows
(DBN)

Pete Hegseth Insults Fox News Pentagon Reporter Jennifer Griffin to Her Face: ‘You’ve Been the Worst!’
(DBN)

Trump Threatens to Sue The Times and CNN Over Iran Reporting
(DBN)

Ron Paul: President Trump is unleashing a ‘Great Big Ugly Surveillance State’
(DBN)

Zohran Mamdani’s surprise NYC mayoral primary victory came from these neighborhoods — and a ‘far broader’ coalition than expected Jewish congressmen endorse Mamdani for NYC mayor, in contrast to community worries Mamdani responds to Trump attack: ‘I encourage him … to learn about my actual policies’ Democratic establishment melts down over Mamdani's win in New York Republicans Pile On as Zohran Mamdani Becomes Democrats' New Lightning Rod Amid Mamdani’s Rise, Democrat in Congress Warns Party Against Him "There's a lot of anxiety": Mamdani's win has some Dems freaking out about their primaries Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street ‘alarmed’ and ‘depressed’ Trump Attacks Zohran Mamdani, May Not Know Who He Is What aspiring business leaders can learn from Zohran Mamdani's success Why the Polls Were So Wrong About Zohran Mamdani How Zohran Mamdani's 'joyous' ground game helped him topple Andrew Cuomo in NYC's primary A Mamdani-Fueled Exodus To Palm Beach Is An Exaggeration
(DBN)

NYC Mayor Eric Adams kicks off reelection bid and casts Mamdani as having a 'silver spoon'
(DBN)

Zohran Mamdani's Chances of Beating Eric Adams, According to Bookmaker
(DBN)

Pro-Palestine Activists Fell for Iran’s Propaganda
(DBN)

Laura Loomer Demands Trump Charge Zohran Over Made-Up Terrorism Claim
(DBN)

NATO chief clarifies Trump comments: ‘I didn’t call him daddy’
(DBN)

Donald Trump Is About to Confront the Real Reason the US Keeps Starting Wars
(DBN)

Bigger turnout in 2024 would have benefitted Trump, new survey finds Trump came close to winning Latino vote in '24 — Pew analysis
(DBN)

The $5 million Trump Card faces legal challenges, limited market
(DBN)

One simple trick for Republicans who want moms back in the home
(DBN)

Former top aide to Jill Biden is subpoenaed by House Oversight panel
(DBN)

"Leaks are a problem": Congress feuds over Trump limits on sharing intel
(DBN)

Susan Collins Gets Warning From Maine Voters—Poll
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Theme Parks:

Gulf World Marine Park to be sold as part of a court’s financial agreement
(DBN)

Bankruptcy judge imposes $10,000 a day fine against former Miami Seaquarium owner
(DBN)

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Entertainment:

Audacy Shuts Down Podcast Studio Pineapple Street, Lays Off Staff; Division Had Produced Multiple Shows for HBO and Max Pineapple Street, ‘Hacks’ and ‘Severance’ Podcast Studio, to Shut Down
(DBN)

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Comic Books:

Confirmed, AENT Tried To Buy Diamond In October To Avoid Bankruptcy
(DBN)

Publishers Have 3 Weeks To Object To Diamond Comics' Liquidation Plans
(DBN)

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Celebs:

Deported Real Housewives Star begs Donald Trump for 'second chance'
(DBN)

Lane Kiffin hints at karma biting Antonio Brown after filing for bankruptcy
(DBN)

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Horticulture:

Pandemic boom and costly missteps led to Gardener’s Supply bankruptcy, court filings show
(DBN)

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Food/Beverage:

Largest fast-food chain’s franchisee files for Chapter 11 bankruptcy
(DBN)

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Education:

Small Pennsylvania College to Auction Art Collection in Bid for Cash
(DBN)

US Justice Dept to probe hiring practices at University of California
(DBN)

Effort to repeal Ohio ban on college DEI programs, faculty strikes falls short
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Jurisdiction:

Can “Void” Judgment Become Valid By Passage Of Time? (Certiorari Granted on 6/6/2025)
(DBN)

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Litigation Finance:

Proposed 41% Tax on Litigation Finance Faces Backlash Over Potential Legal System Impact
(DBN)

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Mass Torts:

Archdiocese of N.O. bankruptcy case nears trial, but vote could decide fate Judge sets deadlines for settlement, vote in Archdiocese of New Orleans bankruptcy
(DBN)

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Trustees:

BK HI: Solicitation of Applicants to Serve as Subchapter V Trustees
(DBN)

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Bankruptcy Crimes:

Wisconsin man sentenced to 7 years in prison for roughly $20 million in bankruptcy fraud, contempt of court
(DBN)

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Aviation:

Judge Delays Effectiveness of Order Appointing Trustee in Silver, Seaborne Bankruptcies
(DBN)

Bear on runway forces airport to cancel flights: "We're in a stalemate"
(DBN)

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Aerospace:

Peter Thiel: Elon Musk has given up on Mars
(DBN)

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Healthcare:

White House Asked if Trump Will Approve 'Big, Beautiful Bill' Medicaid Cuts
(DBN)

Vaccine panel backs RFK Jr. in opposing thimerosal, a flu shot preservative
(DBN)

RFK Jr.’s CDC vaccine panel backs Merck RSV shot for infants
(DBN)

RFK Jr. Admits No Fluoride in Water Will Mean ‘More Cavities’ RFK Jr. Says 'More Cavities' Due to No Fluoride in Water Is 'a Balance'
(DBN)

Supreme Court Makes It Easier for States to Boot Planned Parenthood From Medicaid Supreme Court rules for South Carolina over bid to defund Planned Parenthood The Supreme Court’s disastrous new abortion decision, explained
(DBN)

‘Just four products cause at least a third of all deaths’
(DBN)

New Mexico announces measles outbreak in a county detention facility
(DBN)

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Steel:

Trump now wields sweeping veto power over U.S. Steel. Here’s how the ‘golden share’ works
(DBN)

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Tech:

AI is doing up to 50% of the work at Salesforce, CEO Marc Benioff says
(DBN)

AI returns still a long way from justifying investment mania
(DBN)

At Work, at School, and Online, It’s Now AI Versus AI
(DBN)

AI systems could become conscious. What if they hate their lives?
(DBN)

AI’s reasoning problems — why ‘thinking’ models may not actually be smarter
(DBN)

Your favorite YouTubers could disappear from the site over shock rule change that blocks some creators
(DBN)

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Retailing:

Jewelry retailer shops for buyers amid tariff struggles
(DBN)

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Movie Theaters:

Most U.S. Exhibition Execs Think ‘Traditional’ Moviegoing Has Less Than 20 Years as ‘Viable Business Model,’ According to New Survey
(DBN)

Pixar’s ‘Elio’ is emblematic of a bigger headwind for Hollywood
(DBN)

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Childcare:

Why employer child-care benefits are on the decline
(DBN)

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Weight Loss:

Novo Nordisk says WeightWatchers will sell Wegovy, announces US$299 price
(DBN)

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Banking:

Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
(DBN)

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Radio:

Judge Closes Book On D&H Broadcasting Bankruptcy After Station Sale.
(DBN)

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Job Hunting:

Bankruptcy of major job-sites company signals end of 'post and pray' recruitment era CareerBuilder Says AI, Hiring Slowdown Crippled Monster Merger CareerBuilder + Monster Bankruptcy Filings Reveal Debts and Complex Structure
(DBN)

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Fraud:

Former Pa. Advisor Gets 8 Years For Stealing $17M From Clients
(DBN)

Wisconsin Man Charged In $16 Million Ponzi Fraud Case
(DBN)

Fashion rental giant CaaStle files for Chapter 7 bankruptcy after fraud scandal
(DBN)

Govoni to remain in jail until trial after Tampa judge denies bail Nearly 2,000 people impacted by Leo Govoni draining millions from special needs trust, prosecutors say
(DBN)

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UK:

Ex-Barclays CEO lied about having a 'purely professional' relationship with Jeffrey Epstein, court rules
(DBN)

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EU:

The Weil European Distress Index
(DBN)

European Allies Wary of Buying American as They Plan Defense Buildup
(DBN)

Friedrich Merz wants a US trade deal within days. The EU fears it will be a bad one.
(DBN)

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Canada:

N.L. abuse victims to receive 2nd payout after court approves $14.4M in compensation
(DBN)

Young Canadians struggling to meet mortgage payments
(DBN)

Canadian average wages outpacing inflation, Statistics Canada reports
(DBN)

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MENA:

Iran’s Supreme Leader Claims Victory Over U.S., Israel in First Statement Since Strikes on Nuke Facilities Khamenei says Trump 'exaggerated' impact of US strikes on nuclear sites Early intelligence suggests Iran’s uranium largely intact, European officials say No known intelligence that Iran moved uranium, US defense chief says Yes, the Iran Mission Was Successful. No, We Are Not Taking Questions. Iran Threatens to Attack More U.S. Military Bases Where Iran Goes From Here Senate Democrats question "obliteration" of Iran's nuclear sites after classified briefing on strikes Senator Emerges from Classified Briefing and Promptly Accuses Trump of ‘Deliberately Misleading the Public’: ‘We Have Not Obliterated the Programs’
(DBN)

Details emerge of secret diplomatic efforts to restart Iran talks White House says no meeting with Iran currently scheduled Iran Dismisses US Claim of Nuclear Talks Resuming Next Week
(DBN)

Israel’s War With Iran Has Reordered the Middle East—but Not as Expected - WSJ
(DBN)

‘Bibi is beyond restraint’: Gulf states fear Israel’s unchecked power
(DBN)

U.S. Intelligence Concludes Pakistan Is Developing Nuke That Could Reach America: Report
(DBN)

State Department approves $30 million for funding of Gaza Humanitarian Foundation
(DBN)

Ceasefire in Iran gives rise to new calls for a deal to end Gaza war
(DBN)

Posts misrepresent report to falsely claim nearly 400,000 Palestinians are missing
(DBN)

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Russia:

NATO has just surrendered Ukraine to Putin
(DBN)

Russian Banks Fear Debt Crisis Is Coming as War Strains Economy
(DBN)

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Hong Kong:

New World gets 100% backing from banks for US$11 billion refinancing of loans, sources say
(DBN)

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China:

China’s Industrial Profits Sink on US Tariffs, Deflation Woes
(DBN)

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