August 26, 2026

The Daily Bankruptcy News

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Law:

BigLaw firms perform well across the board but see challenges with collections, new Wells Fargo data shows
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US law firm revenues soared in first half of 2026
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500 Conversations: My Top 10 Takeaways on Where the Legal Services Market Is Headed
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Wachtell is forcing out canoodling Central Park lawyer Nathaniel Cullerton after viral smoochfest: sources
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Paul Weiss and Simpson Thacher in Talks to Recruit More Weil Partners
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DLA Piper’s Strategic Shift: Defending Trump After Advocating His Removal Highlights Complex Legal Dynamics
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NetDocuments Asks How Much Are Lawyers Paying To Get The ‘Right’ Answer From AI
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New Coinbase General Counsel Charts AI-Engineered Legal Path
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Law Firms Are Buying AI: But Are They Really Using It?
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Duke Law Dean Kerry Abrams to step down at conclusion of academic year
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Texas Financial Rules Are a Costly Lesson for Unprepared Lawyers
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Effort to Remove LA US Attorney Is Renewed After Chattah Ruling
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Prominent Rhode Island lawyer who died now accused of defrauding clients of millions of dollars
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3 More Questions For A Law School Admissions Expert (Part I)
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Former Davis Polk Client Challenges $3.2 Million Fee, Sparking Discussion on Legal Billing Practices
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Uncrowning of Miss North Carolina USA sparks defamation suit, alleging pageant cover-up
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US to Revoke Visas From 200,000 Foreigners, White House Says Border Wall Construction Threatens 6,000 Years of History on Private LandsNoncitizen Detention Circuit Split Is Built for Supreme Court DHS conducted far-reaching surveillance of groups during ICE surge ICE arrests jumped to nearly 50,000 in July, the highest monthly total of Trump’s second termDemocratic Senators Ask Homeland Security for Details About Idled PlanesICE releases father of U.S. Navy sailor serving on USS Abraham LincolnFeds consider criminal charges against ICE officer accused in January shooting of Venezuelan immigrant in Minnesota
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Louisiana National Guard ends deployment in New Orleans after eight months patrolling French Quarter
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Nevada Politician Accuses Top Trump Prosecutor of Targeting Him
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Suspect dead after two Colorado State Patrol troopers shot
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Family demands answers after college student fatally shot by police after knocking on wrong doorMan, 22, going to friend's house, knocks on wrong door and is shot dead: DA and family
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Watchdog files bar complaint against Jeanine Pirro over bid to indict 6 Democratic lawmakers
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Psychologist testifies Lindsay Clancy was criminally responsible for killing her 3 children
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Rudy Giuliani threatens to sue Tucker Carlson in rant over Hunter Biden's laptop
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Harrowing 911 call reveals details of Billings house shooting and blaze that killed at least 8 in Montana
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She Was Absolved of a Heinous Crime. Why Won’t They Leave Her Alone?
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Man slashed little boy in Walmart 'for the rush,' stabbed 2 others at Dollar Tree, eatery
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Neighbor shot teenage boy burying his guinea pig during late-night pet funeral
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Teen shot mom while she slept in bed after deciding against committing a school shooting
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Woman who kept starved 35-pound 14-year-old 'locked up' in 'house of horrors' is sentenced
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Jail staffer will not spend any time behind bars for inmate 'eaten alive by bedbugs'
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School worker stabs delivery driver between the eyes with a pen for being late: Police
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Man killed cycling military vet with Subaru Outback, thought victim 'was a deer': Police
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Off-duty police captain left 2-year-old locked in hot minivan while she went fishing: Cops
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Man shot colleague, his son during turkey hunt when he let 3-year-old pull trigger: Cops
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Chucky-masked sicko who terrorized Philadelphia citizens is captured in Vegas after 2-week manhunt
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Judges:

"Signs of AI Authorship in Federal Appellate Opinions"
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Judge rejects Ghislaine Maxwell's bid for prison releaseJudge brutally slaps down Ghislaine Maxwell’s bid to free herself
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Judge blocks Ohio from requiring proof of citizenship for voter registration
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Capitol Police Arrest Man with Guillotine Near Supreme Court
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Clarence Thomas Turns Up On Ted Cruz’s Podcast, Still Sore About Getting Caught With All Those Undisclosed Gifts
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4th Circuit uses SCOTUS opinion to issue pro-immigrant ruling in loss for Trump admin
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Man arrested for impersonating Chief Justice Roberts
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New York State Judge Faces Removal Over Retaliatory Defamation Lawsuit, Raising Questions on Judicial Ethics and Accountability
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Judge demands answers from DHS over its apparent violation of order not to surveil church
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Nothing changes yet with the Supreme Court’s order on elections. But it could open door to ‘chaos’Trump’s Supreme Court Win on Mail Voting Leaves Legal Mess Which States Vote by Mail the Most?The Supreme Court’s Mail-In Ballot Ruling Is a Step Toward Chaos in the MidtermsSCOTUS Shadow Docket Hands Trump His Mail-In Ballot Wish, And Justice Jackson Is Having None Of It
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District judge finds Trump admin violated preliminary injunction in mail-in voting case
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As Supreme Court’s Trump ‘Emergencies’ Return, Debate Simmers Over How Much to Say
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Auction of over 100 Titanic artifacts is blocked by a federal judge
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This Ruth Bader Ginsburg Holiday Card May Be The Most Charming SCOTUS Collectible Ever
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Court ruling threatens Republicans' midterm TV ad advantage
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Dallas judge delays custody decision in surrogacy fight over newborn with heart defect
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Wall Street:

Stock futures are little changed as traders await key inflation report, Nvidia earnings
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Goldman’s engineers have a new challenge: turning AI agents into firm insiders
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Layoffs:

90 Percent of Execs Say Oops, AI Didn't Help Productivity, So Layoffs Will Continue
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Media:

‘The day I disclose, my career is over’: the journalist facing an $800 daily fine to keep her sources secret
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Concerts:

Bankrupt promoter Jade Presents sues cash-advance lenders over 'predatory' cash advance loans
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Education:

Anna Maria alum files legal objection to sale of campus
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Radio:

Second Circuit Mandate Cements Cumulus-Nielsen Injunction
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Crypto:

Block Bits Capital founder found guilty in $1 million crypto fraud case
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Aquariums:

Bankruptcy of the former Mar del Plata Aquarium: four rockhopper penguins valued at USD 40,000, while 59 await their fate
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Bicycles:

Accell insolvency: fire sale begins and job worries
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Climate:

A relentless heat dome is expanding from Texas to California, challenging records
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Ross Fire explodes to over 50,000 acres in North Texas, forcing evacuations and school closures
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Evacuations ordered in rural Texas as wildfire mushrooms within hours
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Economy:

Bessent's Former Mentor Druckenmiller Slams Treasury Bond Buyback PlanBillionaire’s WSJ Op-Ed Criticizing Bessent Was Written With AI
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Trump plans to grow his way out of $40 trillion debt crisis—it's a 'fantastic story' but virtually impossible, says top budget economist
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RNC Sends Bizarre JD Vance Fundraising Text: ‘Groceries Cost What They Cost’
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Consumer confidence wanes on dimming view of jobs, incomes, business
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Average FICO Score Holds Steady at 714 as Consumers Show Resilience
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Trump threatens to change the name of Lake Ontario to Lake America amid Canada trade warAnalysts predict an eventual US-Canada trade war compromise despite new tariffs US-Canada Trade War Serves No Intelligible PurposeAs U.S.-Canada trade war escalates, Ontario Premier Doug Ford says Trump is "treating us like we're Communist China" Trump laments lack of U.S. aluminum amid Canada trade row Canada targets steel, fish and hundreds of other goods as Trump trade war escalatesWSJ Editorial Board Savages Trump For 'Dumbest Trade War' With Canada‘Makes no economic or political sense’As U.S.-Canada tensions escalate, some GOP lawmakers urge Trump to pull back Trump’s trade war with Canada could rattle economies in states with key Senate racesTrump’s New Tariffs on Canada Raise Familiar Legal Risks
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The Trump administration proposes $103,000 fee for H1-B visas that DHS itself estimates would paralyze 76% of small businesses
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Looking for a new job? These are the 10 best US cities for work.
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10 brands Americans are quietly walking away from—and why
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US Debt Clock
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World Debt Clock
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Real Estate:

New Home Sales Decrease to 607,000 Annual Rate in July
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FTC moves to unwind Zillow’s $100 million Redfin deal, requires rival to reenter rental market
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Municipalities:

Chicago dug itself out of a financial hole. Now it’s sliding back in.
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How Trump can fix Puerto Rico’s broken infrastructure
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How San Francisco turned its most iconic street into a giant empty scar
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Finance:

CD&R’s Lenders Toughen Stance After Contentious Multi-Color Bankruptcy
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Space:

SpaceX to Spend $100 Billion on New Spaceport in Louisiana
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Politics:

Tracking approval and key issues
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Trump’s midterm convention panned for high ticket prices, low attendance and NFL competition
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Trump Will Reportedly Spend Millions Making the Midterms a Referendum on Him
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Jeffries faces impeachment dilemma if Dems win back the House
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Inside the backlash over the Jeffries-Kushner meeting
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MAGA Influencer Jennica Pounds Outed as Pentagon Employee
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DHS acknowledges the noncitizen numbers it touted on voter rolls were inflated
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Trump's "election integrity" threat: Defunding police
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Musk won’t face charges in Wisconsin over alleged election bribery
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3 Secret Service officials put on leave amid investigation into "potential misconduct"
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FCC queried stations about coverage plans before Trump’s speech: report
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Live Nation’s Ticket Out Of Its Antitrust Case Apparently Came Courtesy Of Some ‘Bizarre’ White House Intervention
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El-Sayed distances himself from popular streamer’s comments on Israel and Jewish AmericansJesse Watters Says, ‘I Actually Like Abdul’ El-Sayed: ‘Not Your Typical Stiff’ 
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Hegseth’s Purge of Top Generals Leaves the Army Rudderless
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Trump administration warns Kennedy Center could be knocked down if renovations don't move forward
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Man with same name as Sen. Dan Sullivan advances from Alaska U.S. Senate primary
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Fringe Views in Primary Campaigns Rattle Florida Jews
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Boss of Trump Jr-backed start-up donated to Republicans after winning US contract
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Sen. Darline Graham projected to win runoff in South Carolina GOP Senate primary, defeating Rep. Ralph Norman
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Trump-Backed Candidate Purges President From Campaign Website
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U.S. military attacks alleged drug-smuggling boat in Caribbean, killing 4 people
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U.S. airman faces charges under military justice system for criticizing Trump over Iran war
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Even a Top NY Times Writer Manages to See the DSA Struggling With Communist Viewpoints
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Trump Orders U.S. Flags Lowered For One Week to Honor Dolly Parton
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Finance:

LeBron James Borrowed $300 Million From Insurers Arranged by Guggenheim
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Celebs:

Tate brothers fake their wealth for social media, say lawyersAndrew Tate rented supercars to appear ‘uberwealthy’, says his lawyerSupercars and $50,000,000 yachts are a rented facade
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Is Deion Sanders to blame for son Shilo's bankruptcy? 'It was a mistake'Colorado Alum Publicly Mocks Deion Sanders for Bailing on Son's $11M Legal Battle: "Play Peekaboo With the Cops"
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Tourism:

Vegas hotels are panicking about losing Canadian tourism amid Trump’s trade wars: ‘We want to welcome them back’
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Utilities:

Newsom pitches faster wildfire payouts, but you’d lose your right to sueCalifornia Lawmakers to Oppose Limits on Insurance Fire Claims
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AI accelerates attacks on water systems, power plants
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Entertainment:

Paramount Weighs Structural Changes to Settle Warner Deal Suits
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Hollywood's summer box office is up, but the story is complicated
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Assisted Living:

Genesis Healthcare’s Legal Battle Highlights Increasing Tensions Over Healthcare Trade Secrets
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Autos:

How First Brands’ billion-dollar rescue hit the skids
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Aston Martin Creditors Turn to US Court for Details on HPS DealAston Martin creditors file for information ahead of UK suit against carmaker
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Healthcare:

Jackson Hospital and BCBS meet in Bankruptcy court
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Penobscot Community Health Care faces cash crisis, possible bankruptcyPenobscot Community Health Care warns of potential bankruptcy
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Why businesses struggle to forecast health costs
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Pennsylvania reports first 2 measles deaths in the US this year, both people unvaccinated
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The Least-Vaccinated Kindergartners in Decades See states’ kindergarten vaccination rates—from highest to lowest
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Florida, hard-hit by Obamacare drop-off, feels the squeeze of rising healthcare costsAn extra $100 per month for Obamacare is too much for nearly half a million Floridians
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Furniture:

Popular discount mattress chain files for Chapter 11 bankruptcy
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Banking:

U.S. Bank Profits Climb 12% In Second Quarter As Loan Growth Climbs
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  New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (15 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Mass Torts:

Attribution Is the New Battleground in Toxic Tort, Climate Suits
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Galindo Law Files for Chapter 11: Examining the Financial Strain of Mass Tort Litigation in the Wake of Camp Lejeune Water Contamination Disputes
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Arbitration:

Arbitration v. Bankruptcy—And Bankruptcy Prevails! (Harada v. Kapitus)
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Venue:

777 Partners Wins Venue Fight as Bankruptcy Moves to Texas
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Bankruptcy Reform:

What Does the New Bankruptcy Bill Mean for Small Businesses
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Plan Confirmation:

First Brands Plan Denial Gives Teeth to Bankruptcy Feasibility
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Aviation:

Google’s $10 Million Bid for Spirit Airlines' Data Reveals AI’s Next FrontierWhy Google Bid $10 Million for a Failed Airline’s Data
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30 major US airports with the most departure delays, ranked
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This behavior on planes annoys people the most, survey finds
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Tax:

California Billionaires Launch Ads Against Wealth Tax
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Trucking:

Republic National Distributing Co.’s $1B in debts includes multiple equipment financiers
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Agribusiness:

Farmers say they face a new crisis as Trump's tariffs, Iran war raise costs
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U.S. Cattlemen’s Association: Trump’s Reputation With Ranchers Has ‘Taken a Hit’
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Sports:

Private leagues have made youth sports expensive, hypercompetitive, and all-consuming. Investors are making a killing
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Main Street Sports Group sues Comcast, Charter over unpaid fees
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Food/Beverage:

Investor and chefs removed from $700,000 lawsuit against Pihakis
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Sazerac completes acquisition of Garrard County Distillery
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Social Media:

Ex-Meta Staffer Says 99% of Teens Shunned Early Safety Tool
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Tech:

AI Firms Go Shopping in Bankruptcy Court
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By Opening a Model, a Chinese A.I. Lab May Test the World’s Cybersecurity
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The Warning Lights Are Blinking Again
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A.I. Is Becoming So Powerful, It’s Stumping Those Trying to Contain It
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Nobody Wants Anthropic’s Best AI Model Anymore Now That There Are Way Cheaper Alternatives
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My team fed chatbots election lies. Here’s what happened.
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The real reason voters hate data centers so much
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Harvard Professor Warns That AI Execs Are Pushing World Toward Factory Farming of Humans
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Nvidia Has Become a Banker to the AI Boom, Putting It on Dangerous Ground
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Trump EPA aims to exempt datacenters from disclosing air pollution, advocates warn
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Bill Gates sounds the alarm on an AI transition
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Brazilian data protection regulator fines TikTok’s owner nearly $30 million over safety of minors
(DBN)

Feds Investigating Wall Street Bro After His AI Hedge Fund Imploded Spectacularly
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Even Babies Are Still Way Better at Learning Than AI Models
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What is a 'meat proxy'? The new term for coworkers who blindly share AI output
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Race to rein in killer robots intensifies as AI weapons advance
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AI Companies Look to the Ocean as a Place to Put Data Centers
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Australia Bans Generative A.I. From Official Music Charts
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Private Equity:

$860 billion stuck: Private equity’s zombie problem deepens
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Private Market Firms Like Apollo and Bain Move Into Private Equity Funding Niche
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Maritime:

‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them
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UK:

Burnham mulls insolvency law shake-up to help bring utilities under public control
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Court of Appeal finds administrator appointment arguably invalidated because of appointor’s improper purpose
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Shoe chain owes £37.5 million after administration and closing all stores
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Fewer firms starting in Northern Ireland as insolvencies in decline
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Canada:

Canadian consumer debt hits record $2.64 trillion as Canadians without mortgages drive insolvency rise
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Alberta's flat insolvency total hides a bankruptcy shift
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Brazil:

Rio Court Upholds Bankruptcy Conversion for Oi’s Judicial ReorganizationCourt Declares Oi Bankrupt Following Recovery Plan Breach and Financial Shortage; Operator Faces R$ 44.3 Billion in Debt, Negative Assets at R$ 22.6 Billion; Appeal Possible
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Russia:

CIA Director on secret trip in Moscow
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MENA:

The US is escalating its economic war on Iran. Here's what that means. Even More Maximum Pressure on Iran The warnings that came before a war now reaching the six-month markThere are gas lines in Iran, but no sign yet that its leaders will bow to US sanctionsChina Pushes Back After Trump Tightens the Screws on IranIran May Have Little to Lose as U.S. Tries to Squeeze Its EconomyTrump: Mines fully removed from Strait of Hormuz
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Israeli Lawmaker Smashes Palestinian Monument While Escorted by Soldiers
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Is Mojtaba Khamenei Dead?
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Australia:

Government to delay taking action on insolvency reforms
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China:

China’s new hypersonic missile puts America on notice
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China threatens White House with retaliation over sanctions
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Netherlands:

EuClaim providing flight delay compensation declared bankrupt by Dutch court
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North Korea:

Trump's perplexing North Korean nukes assessment
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