May 2, 2025

The Daily Bankruptcy News

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Law:

Microsoft Drops Law Firm That Made a Deal With Trump From a Case Microsoft Boots Trump Capitulator Simpson Thacher, Awards Business To Jenner & Block Critics of law firms' deals with Trump are starting a firm of their own Lowell launches firm for those ‘unlawfully and inappropriately targeted’ by Trump High-profile attorney launches new firm to push back on Trump crusade Skadden And Davis Polk Turn To Former White House Attorney To Navigate Trump’s Ire Ex-Trump Lawyer Lobbies for Firms Navigating White House Attacks ‘60 Minutes’ Schedules Another Segment On Trump: His Targeting Of Law Firms How the Big Law firms Trump is targeting support the immigration lobby
(DBN)

Harvard’s Trick for Fighting Trump? A Deep Bench of Conservative Lawyers.
(DBN)

Hogan Lovells Taps Trump-Connected Law Firm for EEOC Response
(DBN)

Ex-Trump Lawyer Lobbies for Firms Navigating White House Attacks
(DBN)

100 Days of Uncertainty and Seismic Shifts in the Legal World
(DBN)

Lump him or thump him? Firms pick a side on Trump
(DBN)

Billable hours at larger law firms ‘did not quite live up to expectations’ in first quarter
(DBN)

New associates get paid $300K at this boutique firm
(DBN)

Kirkland’s Equity Partners Are Making Bank
(DBN)

More than half of reporting states see drop in February bar pass rates
(DBN)

Lawyers Hired in Work-From-Home Era Are Bolting From Firms
(DBN)

‘Ferocious’ Stephenson Harwood partner left students ‘shaken’
(DBN)

Law Revue Video Contest 2025: The Finalists!
(DBN)

Boutique law firm is talent pipeline for conservative lawyers
(DBN)

T14 Law School Dean Thinks Law School Applications Are Soaring Thanks To Donald Trump
(DBN)

Pryor Cashman’s Managing Partner On The ‘Midsize Advantage’ That’s Helping His Firm Thrive
(DBN)

Lawyers Protest Trump Administration at Courthouses Nationwide—What to Know
(DBN)

Lawsuit Alleges PETA Skimped Out On The Ethical Treatment Of Their People
(DBN)

This Biglaw Firm Gets A Ton Of Value From Every Single Attorney
(DBN)

Law Firms Keep Buying Amazing Tech… Lawyers Keep Not Using It
(DBN)

Donna Adelson Pushes Judge For Another Delay
(DBN)

Law grad settles First Amendment suit against town that objected to her repurposed skeleton displays
(DBN)

Judge bars deportations of Venezuelans from South Texas under 18th-century wartime law ICE joins DeSantis in touting one-week record of arresting 1,120 people in the US illegally Trump has deported 142,000 people in his first 100 days Recent immigration arrests at courthouses around the country have advocates worried Man Detained at Green Card Appointment After Over 25 Years in US When Trump’s Immigration Crackdown Came to an Immigrant Mayor’s City Migrants form SOS sign in Texas detention center Deported mom says she never had the option to take her 17-month-old daughter with her Trump's deportation campaign is capitalizing on a key hallmark: Speed
(DBN)

34 out of 35 Scholars Agree: Trump is a Lawless Authoritarian
(DBN)

Hunter Biden Drops Lawsuit Against IRS Employees: 'Afraid to Fight'
(DBN)

Trump’s Quest for Crypto Riches Is a Constitutional Scandal Waiting to Happen
(DBN)

Inside the Trump family's 100 days of presidential profit
(DBN)

At a Dubai Conference, Trump’s Conflicts Take Center Stage
(DBN)

Fox News, Smartmatic trade jabs in sharply-worded memos in defamation fight
(DBN)

Trump’s pick for top prosecutor in DC is testing Republican loyalty Judiciary Panel Again Delays Hearing Vote for D.C. US Attorney
(DBN)

Pam Bondi Flatters Trump with Claim that 75% of America Would Be Dead if Not for Him
(DBN)

The Diddy allegations are shocking. Were they also business as usual? Sean 'Diddy' Combs Gets Instructions on Shoes He Can Wear for Trial Sean 'Diddy' Combs confirms he rejected plea deal ahead of sex trafficking trial
(DBN)

Harvey Weinstein’s lawyers get their turn to question accuser Miriam Haley at #MeToo retrial The Me Too backlash has reached the point of claiming Harvey Weinstein is innocent
(DBN)

Jussie Smollett reaches settlement with city of Chicago 6 years after alleged hoax attack
(DBN)

Another “Death Penalty” Awaits Inmates Who Were Spared Execution by Joe Biden
(DBN)

Jail blamed inmate's deadly stomach pains on 'Hot Cheetos, Takis, and pickles': Lawsuit
(DBN)

Judge Releases Man Accused of Cybertruck Fires To Get Gender-Affirming Care
(DBN)

Horrifying moment TikToker is shot dead on livestream as gunman walks up behind him in execution-style hit job
(DBN)

$167M Powerball Winner Behind Bars For Battering Cop
(DBN)

Dad told girl, 10, to move pickup truck and she lost control, killing 6-year-old boy: Cops
(DBN)

Sweep of Homeless Camp in Oregon Said to Be ‘Largest in Recent History’
(DBN)

A Mississippi man spent 940 days in jail waiting for a trial that never came
(DBN)

Baltimore reports lowest monthly homicides in city’s recorded history
(DBN)

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Judges:

Jackson Walker Rejected PR Firm’s Advice on ‘Highest Standards’
(DBN)

Bankruptcy judge defeats ethics complaint over knowledge of colleague's relationship
(DBN)

The Judiciary Should Be Independent From Political Pressure, Not From The Law
(DBN)

Supreme Court’s Jackson Blasts ‘Relentless Attacks’ on Judges
(DBN)

Power of judges to hold Trump administration in contempt may be undermined with filibuster-proof GOP proposal
(DBN)

Why the Arrest of Judge Dugan in Wisconsin Does not Necessarily Constitute an Illegitimate Attack on the Judiciary by the Trump Administration
(DBN)

Trump-appointed judge first to find deportations under Alien Enemies Act to be 'unlawful'
(DBN)

Reagan-appointed judge slams allegations that judiciary is 'usurping' Trump's powers
(DBN)

Full federal appeals court says Trump admin ‘flouted’ bedrock principle of keeping Americans’ data safe by giving DOGE ‘unfettered access’ to social security data
(DBN)

Magistrate judge is breathing fire over law firm’s dragon logo on legal pleadings
(DBN)

Ex-Federal Judges Group to Defend Judicial Independence
(DBN)

Dozen Candidates Contend for South Texas Federal Judgeships
(DBN)

Texas Judge Shoots Down Blake Lively's Complaint About Him Deciding Case
(DBN)

Justice Alito Calls Out State Over 'Unsavory Discriminatory History'
(DBN)

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Wall Street:

S&P 500 futures rise as China signals openness to trade talks with U.S.

No, Donald Trump. This is not Joe Biden’s stock market. It’s yours.
(DBN)

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Layoffs:

US announced job cuts decline in April, recruitment firm Challenger says US April Layoffs Highest for the Month Since 2020
(DBN)

Trader Joe's 'Two Buck Chuck' Winemaker Announces More Mass Layoffs
(DBN)

Cano Health to lay off 78
(DBN)

LVMH's Moet Hennessy to cut workforce by 10%
(DBN)

Estée Lauder lays off 2,600 workers, out of its 7,000 target, as sales drop
(DBN)

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Fraud:

Ashburn man heading to prison after duping clients out of $4M
(DBN)

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Autos:

Tariffs could spike costs for domestic automakers by $108B
(DBN)

Automakers could still face up to $12,000 impact per car from tariffs
(DBN)

Mercedes Will Make Another Model in US to Counter Tariffs
(DBN)

The woman who took on Tesla (and wants to see Musk in court)
(DBN)

Ford's April US sales rise 16%, EV sales plummet
(DBN)

Light Vehicles Sales "Beat the tariff" at 17.3 million SAAR in April
(DBN)

____________


Economy:

Krugman: It’s Trump’s Economy Now
(DBN)

Number of Americans filing for jobless claims jumps last week US Jobless Claims Rise More than Expected to 9-Week High Weekly Initial Unemployment Claims Increase to 241,000
(DBN)

Mastercard profit beats expectations on resilient consumer spending
(DBN)

US Manufacturing Contraction Deepens Amid Trade Uncertainty US Manufacturing Activity Shrinks by the Most Since November Tariffs squeeze US manufacturing in April, lift input prices American manufacturers are slumping again - and trade wars are to blame ISM® Manufacturing index Decreased to 48.7% in April
(DBN)

Jobs growth likely slowed in April as economic uncertainty reigned
(DBN)

April Employment Preview
(DBN)

Howard Lutnick says the 'great jobs of the future' will be fixing robots in factories
(DBN)

Lawmakers Are Growing More Skeptical Trump’s Tariffs Will Spark an Industrial Renaissance in the U.S. Bessent: ‘We put China to the side’ in trade negotiations Trump's China tariffs aren't temporary negotiating tools - they're divorce papers Congressman: Trump's Trade Pressure on China Comes at Perfect Time ‘We’re headed in the wrong direction’: Tariffs drive up prices, hurt output: PMI Are tariffs the new COVID-19 for manufacturers? Xbox prices abruptly spike amid U.S. trade war with China White House dismisses Chamber push for small businesses tariff relief
(DBN)

A Tidal Wave of Change Is Headed for the U.S. Economy
(DBN)

Gloomy retail earnings show consumers are feeling the pinch of US tariffs
(DBN)

Trump plans to release fiscal year 2026 budget on Friday Growing GOP fight over 'SALT' tax deduction complicates Trump agenda bill SALT Talks Stall as GOP Mulls Limiting Tax Break to Middle Class
(DBN)

Port of Los Angeles director expects ‘precipitous’ drop in business after Chinese tariffs
(DBN)

Gen Z's Hole In The Labor Market Could Soon Grow
(DBN)

Class of 2025 may face tight competition for fewer jobs
(DBN)

‘I can’t find any help’: Employers scramble to solve worker shortages caused by immigration crackdowns
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Home Builders Are Piling on Discounts as They Struggle to Entice Buyers
(DBN)

Inflation Adjusted House Prices 0.8% Below 2022 Peak; Price-to-rent index is 7.5% below 2022 peak
(DBN)

Construction Spending Decreased 0.5% in March Construction hiring slows to lowest rate ever recorded
(DBN)

Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline
(DBN)

Florida Condo Crisis Set For Major Reform
(DBN)

N.Y.C. Board Backs Raising Stabilized Rents by 1.75% to 4.75%
(DBN)

OK: Court approves Price Tower sale to lone bidder
(DBN)

____________

Municipalities:

California's big cities are slowly bouncing back, new population data show
(DBN)

Oakland finance director resigns; mayor delays release of budget
(DBN)

____________

Food/Beverage:

Egg companies are getting government bailouts while price-gouging consumers
(DBN)

____________

Climate:

Clean energy manufacturers cancel projects as Trump-era policies take hold
(DBN)

UK Records Hottest Ever May Day
(DBN)

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Retailing:

Kohl’s Fires CEO For Conflict of Interest, After Better Than Feared Earnings Kohl’s Fires CEO for Directing Millions to Romantic Partner Kohl's ousts CEO Buchanan after investigation into some vendor transactions Kohl's fires CEO Ashley Buchanan for conflicts of interest. He was hired in January Kohl’s CEO Is Terminated for Cause. It’s the Last Thing the Stock Needs. Why Kohl's investors are happy new CEO was fired after just 106 days at the helm
(DBN)

‘Rural lifestyle retailer’ purchases 19 former Big Lots stores
(DBN)

Is Saks Too Big to Fail?
(DBN)

Over 2,500 Stores in the U.S. Are Closing in Retail 'Bloodbath'
(DBN)

Loehmann’s Eyes a Digital Resurrection with Century 21 as Secret Backer — Nearly a Decade After Bankruptcy
(DBN)

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Personal Finance:

‘We are the most privileged’: My husband and I are tired of paying for our friends. How do we get them to pay their way?
(DBN)

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Healthcare:

Last days of Crozer through eyes of staff, patients
(DBN)

US accuses health insurers, brokers of Medicare Advantage kickback scheme
(DBN)

Trump, House GOP Meet to Discuss Whether to Cut Medicaid for Millions of Americans
(DBN)

Hospitals’ financial burden in 10 numbers
(DBN)

Why liquidity is hospitals' new lifeline: Fitch
(DBN)

HHS redirects $500 million to Trump appointee's vaccine project, bypassing reviews
(DBN)

RFK Jr. Accused of Pushing ‘Conversion Therapy’ for Trans Kids
(DBN)

RFK Jr Says Vaccine Contains 'Aborted Fetus Debris'
(DBN)

____________

Trucking:

MFN Partners Pushes for Chapter 7 Bankruptcy for Yellow Corporation Amid Mounting Costs
(DBN)

Texas trucking company, brokerage file for Chapter 11 bankruptcy
(DBN)

____________

Tech:

What Happens When Teachers Are Replaced With AI? This School Is Finding Out
(DBN)

Why the A.I. Race Could Be Upended by a Judge’s Decision on Google
(DBN)

____________

Student Debt:

9 Ways to Get Student Loan Forgiveness as Trump Admin Makes Changes
(DBN)

____________

Hotels:

Travelers in ‘wait-and-see’ mode amid economic uncertainty: Hilton CEO
(DBN)

____________

Toys:

US Toymakers Scramble to Adjust to Trump’s China Tariffs
(DBN)

____________

Media:

Trump signs executive order directing federal funding cuts to PBS and NPR
(DBN)

____________

Long Term Care:

CCRCs, residents band together for new regulations amid bankruptcy blitz
(DBN)

____________

Theme Parks:

A bankruptcy battle is clouding the future of Miami’s Seaquarium, once home to Lolita and Flipper. It’s not clear who’s in charge
(DBN)

____________

Food/Beverage:

McDonald’s Saw a Big Drop in Customer Traffic. The Stock May Not Be Recession-Proof After All. McDonald's suffers worst U.S. sales decline since 2020, warns of 'anti-American sentiment' abroad McDonald’s Sales Miss Highlights Rising Consumer Anxiety In an Uncertain Economy, McDonald’s Sees Sales Decline McDonald's Blames 'Uncertainty' of Trump's Economy For Sales Decline
(DBN)

America's largest sandwich chain quietly shutters 631 locations
(DBN)

The Fast Food Fried Chicken Chain That's Trying To Stay Open Since Declaring Bankruptcy
(DBN)

Tariffs could squeeze independent grocers, NGA tells FTC
(DBN)

____________

 


New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcies Rise 13.1 Percent Over Previous Year
(DBN)

______________

Advisors:

In 2034, There Will Be Far, Far Fewer Advisors
(DBN)

____________

Liability Management:

Restructuring Through Liability Management Transactions
(DBN)

____________

Mass Torts:

Judge sets new deadline for settlement in Archdiocese of New Orleans bankruptcy case Five years after Archdiocese of N.O. filed for bankruptcy, survivors of alleged clergy sex abuse demand compensation and justice Abuse survivors fill courtroom to urge end of church's 5-year-old bankruptcy
(DBN)

Changes to Child Victims Act complicate Baltimore Archdiocese bankruptcy
(DBN)

____________

Personal Genomics:

UK and Canadian Regulators Demand Robust Data Protection Amid 23andMe Bankruptcy
(DBN)

____________

Aviation:

GOL Reaches Settlement with Ad Hoc Group of 2026 Noteholders
(DBN)

Southwest flight returns to gate after passenger's phone ignites before takeoff
(DBN)

Hundreds of flights canceled amid severe weather, flash flooding threats
(DBN)

JetBlue's plan for domestic partnership faces union backlash
(DBN)

US lawmaker warns Ryanair against buying Chinese-made planes
(DBN)

Trump Demands a New Air Force One by Fall L3Harris working on interim Air Force One sought by Trump
(DBN)

CustomCells enters insolvency as Lilium’s collapse drains battery supplier’s finances
(DBN)

____________

Celebs:

What happened between Damon Dash and Josh Webber? Judge warns Roc-A-Fella Records co-founder to comply with court judgment to avoid arrest
(DBN)

____________

Education:

Limestone University to close after fundraising blitz falls short
(DBN)

St. Andrews University announces abrupt closure
(DBN)

Education Department announces reforms to college accreditation process
(DBN)

Senate education panel postpones vote on polarizing antisemitism definition
(DBN)

Harvard professors pledge to take pay cut in support of university's fight against Trump
(DBN)

Johns Hopkins University self-funds some research in wake of federal cuts
(DBN)

Most Californians Want More Guns in Schools—Poll
(DBN)

Teacher used electronic dog whistle on 6-year-old with autism who got 'loud': Police
(DBN)

In hearing, Texas lawmaker pushing 'furries' ban in schools can't produce evidence they exist
(DBN)

___________

Religion:

Cardinal Calls On Next Pope To Stand Up to 'Gay Lobby'
(DBN)

Pope's death, US aid cuts complicate Vatican's debt relief push
(DBN)

____________

Motorcycles:

Harley-Davidson warns of tariff hit, pulls 2025 outlook
(DBN)

____________

Politics:

Mike Waltz out as Trump’s national security adviser More exits to come’ after Signal chat and email scandal Laura Loomer Takes Victory Lap After Waltz’s Ouster and Calls for More Blood Waltz out as national security adviser, but Trump says he'll be U.N. ambassador Mike Waltz Was Doomed From the Start With Waltz out, Rubio takes on two key roles after shifting to embrace Trump’s ideals
(DBN)

Rubio Now Serving as Sec of State, National Security Adviser, U.S. Archivist and Head of USAID -- All at Once! Marco Rubio's swift rise to a central spot in Trump's orbit
(DBN)

Aide’s rise under Hegseth scrutinized in White House, Pentagon
(DBN)

Trump shut down program to end human waste backing into Alabama homes, calling it 'illegal DEI'
(DBN)

Email mistake reveals secret plans to end research on Head Start and other child safety net programs
(DBN)

Army plans for a potential parade on Trump’s birthday call for 6,600 soldiers
(DBN)

Donald Trump's Approval Rating Takes Unexpected Turn
(DBN)

US Protesters Mark May Day With Hundreds Of Anti-Trump Rallies
(DBN)

House votes to overturn California gas car ban — again defying internal watchdog Full List of Democrats Voting to Block California Ban on Gas-Powered Cars
(DBN)

2026 is shaping up as a ‘Year of the Woman’ for Democratic primaries
(DBN)

Pride and defiance among Trump supporters at 100-day rally
(DBN)

Trump Interviewer Reveals His ‘Truly Odd’ Obsession
(DBN)

Trump’s Lies Are Finally Catching Up to Him
(DBN)

May Day demonstrations in US and around the globe protest Trump agenda
(DBN)

____________

UK:

UK law firms look for novel way to trump US pay supremacy
(DBN)

Liberty Specialty Steel may go bankrupt due to the failure of the recovery plan
(DBN)

DWF lawyer saved drowning man from Thames
(DBN)

Law firm executive diverted £219k from client’s estate to his company
(DBN)

Transgender women soccer players to be banned from women’s teams in England and Scotland
(DBN)

____________

EU:

Europe Needs to Get Over America
(DBN)

____________

Canada:

Alberta Court of Appeal confirms interest stops rule does not apply to secured claims
(DBN)

Canadian factory PMI hits near five-year low on tariff uncertainty
(DBN)

____________

MENA:

Netanyahu says destroying Hamas more important than freeing hostages
(DBN)

Hamas Says Arson 'Legitimate' Method of War as Israel Faces Worst Fires
(DBN)

WHO Slams Gaza 'Abomination'
(DBN)

US Says Expects New Iran Talks In 'Near Future' Trump threatens sanctions against buyers of Iranian oil after US-Iran nuclear talks are postponed Iran Slams New US Sanctions In Midst Of Nuclear Talks Iran must 'walk away' from all uranium enrichment, Marco Rubio says
(DBN)

Top UN court wraps a week of hearings on humanitarian aid to Gaza
(DBN)

____________

Russia:

EU Preparing New Sanctions On Russia: French Minister
(DBN)

A US-led effort to end the war in Ukraine looks favorable to Russia, but mixed signals emerge
(DBN)

____________

Spain:

The five seconds that plunged Spain into darkness Spain and Portugal blackout blamed on solar power dependency
(DBN)

____________

Mexico:

Sheinbaum Says Agreed With Trump To 'Improve' US-Mexico Trade Balance
(DBN)

US imposes sanctions on a Mexican cartel linked to a drug trafficking and fuel-theft network
(DBN)

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