May 6, 2026

The Daily Bankruptcy News

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Law:

AI errors in US murder case lead to discipline for Georgia prosecutor
(DBN)

California Bar Proposes Rule Requiring Lawyers to Verify Every AI Output — and Five Other AI-Focused Ethics Changes
(DBN)

AI Revolutionizes High-Stakes Litigation: Streamlining Early Strategy in Bet-the-Company Cases
(DBN)

In Era of Surging Partner Pay, How Can Second Hundred Law Firms Stay Competitive?
(DBN)

Alex Xiao, David Samikkannu, Jingzhi Dai Discuss RAINY (Restructuring Asians in New York), AAPI and Distressed Debt Hot Topics
(DBN)

TACOs And NACHOs And SALSA, Oh My!
(DBN)

The Am Law 200: Biglaw’s Second Hundred Firms Bask In Financial Success, With Strong Metrics Across The Board
(DBN)

Rethinking Partner Compensation Models for Law Firm Growth
(DBN)

Alabama cuts ABA Legal Ed council from bar licensure process
(DBN)

FTC Taps On Tennessee Supreme Court To Join Florida And Texas
(DBN)

Harvey’s CEO says AI agents are picking up more work that human lawyers used to do
(DBN)

Justice Department faces lawyer staffing crisis, causing delays
(DBN)

DOJ Offers Lawyers $25,000 Signing Bonuses as Hiring Lags
(DBN)

Donald Trump Moves to Freeze Paying $83 Million to E. Jean Carroll
(DBN)

A Probe of Trump Foes Upends Justice Department Hub in Miami
(DBN)

Inside the heated clash over the DHS 'master plan' for deportations • DHS closes office of immigration detention watchdog
(DBN)

Prosecutors say arson suspect in Los Angeles' Palisades Fire was angry 'at the world'
(DBN)

Bizarre JPMorgan Sex Scandal Allegation Explained as New Legal Filings Drop
(DBN)

Insane moment driver chases child down sidewalk of suburban neighborhood with her car
(DBN)

Blake Lively got absolutely no money in shocking Justin Baldoni lawsuit settlement
(DBN)

NFL star Stefon Diggs found not guilty of assaulting his live-in chef
(DBN)

Kash Patel says FBI was initially 'kept out' of the Nancy Guthrie investigation
(DBN)

First, the F.B.I. Searched Her Home. Then, She Won a Pulitzer.
(DBN)

U.S. Sues The New York Times, Claiming Discrimination Against a White Man
(DBN)

Newsom scores early win in $787M lawsuit against Fox
(DBN)

Husband accused of killing pregnant wife cut off ankle monitor and flew to Italy seeking asylum
(DBN)

Woman arrested after allegedly kicking a kid at a youth football game during on-field brawl
(DBN)

School director led 'makeshift child fight club' where kids stood in circle and beat boy
(DBN)

Man kills father-in-law after wife files for protective order and hides kids: Prosecutors
(DBN)

Man left 5-year-old bruised and broken after trying to 'beat the gay out of him': Sheriff
(DBN)

Woman shot fathers of her children in different states amid custody disputes, learns fate
(DBN)

Woman burns down boyfriend's house because she was 'p—ed off' he stole from her, cops say
(DBN)

Mom on the run after leaving 2 kids home alone for 6 weeks, authorities say
(DBN)

Man upset with roommate for not paying rent grabs Taurus 9 mm and shoots him 6 times: Cops
(DBN)

McDonald's meal may have caused 'brain fog' which led to nurse killing 3 deputies: Cops
(DBN)

'Stun gun, zip ties': Man made detailed list before executing longtime friend, cops say
(DBN)

Uber driver accused of attempted murder of officer, holding woman hostage for 9 hours
(DBN)

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Judges:

Vacancy Announcement: Bankruptcy Judge, District of Colorado
(DBN)

Texas Ten Commandments Case Shows Supreme Court Clarity Needed
(DBN)

Sotomayor, Kagan sat on the sidelines while Alito pummeled Jackson for lack of 'restraint'
(DBN)

Neil Gorsuch Reveals What Worries Him About America—’Our Own Worst Enemies’
(DBN)

Supreme Court sniping heats up as justices near opinion season
(DBN)

The Supreme Court’s indefensible evisceration of the Voting Rights Act
(DBN)

The docket that cannot be named
(DBN)

Judge rules DOJ's chatty, self-outed 2020 election witnesses can't hide behind anonymity
(DBN)

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Wall Street:

 

Wall St. surges as US-Iran ceasefire holds after earlier jitters
(DBN)

Just a few stocks driving SP 500 rally triggers dot-com bubble flashbacks
(DBN)

KKR warns on 2026 profit target amid murky outlook for deals
(DBN)

SEC Moves to End Quarterly Earnings Reporting—for Some Companies
(DBN)

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Layoffs:

Coinbase laying off hundreds of employees, citing AI advancements • 3 key things we learned about Brian Armstrong's vision for Coinbase's post-layoff workforce • Coinbase CEO Issues Warning to All Americans Amid Mass Layoffs
(DBN)

11 companies that have said they’re doing AI-related layoffs
(DBN)

State moves forward with foreign service officer layoffs in blow to civil service
(DBN)

Nissan to cut 900 job cuts in Europe as part of global restructuring
(DBN)

Freshworks to cut 500 jobs as AI reshapes software industry
(DBN)

Nvidia's Huang says AI will create, not cut, jobs
(DBN)

What Spirit’s Florida workers should know if they seek unemployment benefits
(DBN)

PayPal Plans Job Cuts as Fintech’s New CEO Pursues Turnaround Strategy
(DBN)

Big Tech is slashing jobs. Why Apple Is the exception
(DBN)

See where layoffs hit the US job market in 2026
(DBN)

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Tech:

Musk 'was going to hit me,' OpenAI executive says at trial • Musk wanted $80 billion to colonize Mars, OpenAI president testifies at trial
(DBN)

Kash Patel credits AI with stopping attacks: 'I'm using it everywhere'
(DBN)

Pennsylvania lawsuit alleges AI chatbots posed as doctors, therapists
(DBN)

Meta and Zuckerberg sued by publishers over ‘massive’ copyright infringement
(DBN)

Are AI stocks the new railroad bonds?
(DBN)

Apple reaches $250mn settlement over delayed ‘AI Siri’
(DBN)

Google, xAI and Microsoft agree to US national security reviews of new AI models
(DBN)

Public and private markets vie for gains from AI job disruption
(DBN)

'Like 10 Manhattan Projects going off all at once': AI is rewiring the entire global economy, says this BlackRock exec
(DBN)

Five Publishers and Scott Turow Sue Meta and Mark Zuckerberg
(DBN)

Congress Is Doing Little to Prepare for Potential A.I. Job Losses
(DBN)

The Chinese Streaming Industry Is Being Gutted by AI-Generated Shows
(DBN)

JPMorgan and BlackRock bosses play down talk of AI bubble
(DBN)

Grok Convinces Man to Arm Himself Because Assassins Are Coming to Kill Him
(DBN)

Why A.I. Will Never Replace Your Doctor
(DBN)

Growing fleet of delivery bots spreads to 40 LA neighborhoods
(DBN)

He Couldn’t Land a Job Interview. Was AI to Blame?
(DBN)

____________

Private Credit:

The Private Credit Discount: Bargain Hunters Circle as Defaults Rise
(DBN)

We must be mindful of the risks of private credit
(DBN)

Private credit’s $2 trillion boom raises global stability fears, watchdog warns
(DBN)

SEC says it is 'carefully' monitoring problems in private credit
(DBN)

Watchdog flags risks in banks’ growing private credit ties
(DBN)

Global watchdog FSB unveils action plan on private credit risks
(DBN)

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Rail:

Brightline seeks investors to manage $5 billion debt
(DBN)

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Cruise Lines:

Fears rat virus spread human-to-human as WHO doctors board cruise • Cruise ship infected with terrifying hantavirus strain that has 40% mortality rate, WHO believes — here’s what happens next • Spain says it will harbor cruise ship at center of suspected hantavirus outbreak in its Canary Islands
(DBN)

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Sports:

American sports cable network on brink of closure after bankruptcy battle • Main Street Sports Now One Step Closer to Official Demise
(DBN)

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Entertainment:

Letterman on late-night TV’s future: ‘I would be surprised if it lasts more than a year’
(DBN)

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Wind Energy:

China’s Big Bet on Wind Power Is Paying Off
(DBN)

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Economy:

This big part of the economy was stung by Iran war, but not enough to cause a lot of pain
(DBN)

Key U.S. yield at 5% highlights mounting pressure in bond market
(DBN)

‘Worst’ still ahead as oil price swings darken global trade outlook
(DBN)

Legendary economist known for 1969-70 recession prediction warns downturn may hit in 2026
(DBN)

Job openings were low before Iran war. Now businesses have another reason not to hire.
(DBN)

Rebound in hiring, steady job openings highlight firming labor market
(DBN)

3 ways AI is adding to inflation, according to Goldman Sachs
(DBN)

The food inflation crisis will soon be all investors are talking about
(DBN)

U.S. Trade Deficit Grew in March
(DBN)

US industries, trade groups split over Trump's tariff probe on excess factory capacity
(DBN)

Get ready to work for 60 years - as living to 100 becomes the new norm
(DBN)

Any semblance of fiscal responsibility has been abandoned, says budget watchdog, as national debt creeps toward $39 trillion milestone
(DBN)

Don’t Fall for Trump’s Retirement Pitch
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New Home Sales Increase to 682,000 Annual Rate in March
(DBN)

U.S. Foreclosures Hit Six-Year High in Q1 2026 as Costs Rise
(DBN)

Florida Foreclosure Rates Surge as Homeowners Face Growing Economic Pressures
(DBN)

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Oil/Gas:

U.S. gas prices up 50% since start of the war
(DBN)

Gas tops $7 per gallon in remote California county
(DBN)

US Gas Prices Rise Above $4.50. Map Shows Price Per State
(DBN)

Canacol adds USD 45m to DIP as ‘vicious cycle’ continues
(DBN)

Global oil reserves plunge at record pace as Middle East war strains supplies • US Drains Emergency Oil Reserve at Fastest Pace in Years While Exports Hit All-Time Record
(DBN)

The growing risk of a ‘non-linear spike’ in oil prices
(DBN)

Chevron CEO says economies 'are going to have to slow' as Strait of Hormuz closure disrupts oil supply
(DBN)

Oil prices slide 3% as fragile US-Iran ceasefire holds, US escorts ship through Strait of Hormuz
(DBN)

Why the oil market is too complacent about the supply threat it's facing
(DBN)

America is using less oil, and the Iran conflict could further reduce its thirst for hydrocarbons
(DBN)

Why the UAE really left OPEC
(DBN)

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Awards:

Legal 500: Restructuring (including bankruptcy): corporate
(DBN)

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Politics:

Tracking approval and key issues • GOP, Trump face tough midterm odds: 5 things the polls reveal • Trump’s Approval Rating Hits Over 2-Month High With Hispanics: Poll
(DBN)

The age of the American Pharaoh
(DBN)

Palm Beach County signs off on controversial Trump airport trademark deal
(DBN)

Trump gets revenge for redistricting vote in Indiana, with five GOP incumbents defeated • Trump’s Indiana Victory Is the Wrong Kind of Good News for Republicans • Key takeaways from Tuesday’s primary elections in Indiana, Ohio • Democrats in Michigan keep state Senate majority with special election win
(DBN)

Republicans propose $1 billion in taxpayer dollars to secure Trump ballroom • White House East Wing debris dumped at nearby golf course has toxic metals, report says
(DBN)

A decades-long plan to abolish the Electoral College may finally pay off
(DBN)

Secret White House meetings are prepping insiders for 'very likely' Dem majority: report
(DBN)

Democrats Sound a Bit Too Giddy About the Midterms
(DBN)

'Ohio is back': Both parties navigate competitive midterm races in a forgotten battleground • Vivek Ramaswamy wins GOP nomination for governor in Ohio
(DBN)

Howard Lutnick faces showdown in Congress after Epstein files reveal island visit
(DBN)

Trump: ‘When You Think of It, We Shouldn’t Even Have an Election’
(DBN)

Marco Rubio gets presidential tryout in White House briefing room
(DBN)

Rubio says War Powers Act ‘100 percent unconstitutional’
(DBN)

GOP embraces 'unitary executive' theory to give Trump sweeping control over mail-in voting
(DBN)

We Still Haven’t Seen How Bad Gerrymandering Can Get
(DBN)

Republicans argue financial advantage will help protect House majority in midterms
(DBN)

Scandal alone won't bring Trump down — but this will
(DBN)

GOP staffers secretly using 'burner phones' to bet against their own party: analysis
(DBN)

Trump seeks payback against Republicans who opposed him in primaries • Trump’s redistricting revenge push faces test in Indiana • Trump’s revenge push sputters as event draws crowd of four
(DBN)

Camping ban in US state ‘creates crisis’ as rule breakers face $500 fines or 60 days in jail
(DBN)

2 killed in U.S. strike on alleged drug boat in the Caribbean
(DBN)

Laura Loomer Slams Candace Owens as Feud Explodes Over Husband’s Green Card Scandal
(DBN)

Cornyn trails Paxton in new Texas Senate poll • Paxton’s Fund-Raising Struggles in Texas Underscore Deep Rift in G.O.P. • Can Ken Paxton Win a Senate Primary in Texas Without His Biggest Donors?
(DBN)

Pete Hegseth shredded by onlookers for one 'whopper of a lie' in new Iran update
(DBN)

Are Democrats growing more accepting of political violence?
(DBN)

Is LA About To Elect It's Own Mandami?
(DBN)

Griffin says he’s doubling down on Miami amid Mamdani feud
(DBN)

____________

Science:

Scientists and Lawmakers Horrified at Trump’s Brutal Budget for NASA
(DBN)

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Retailing:

Can the meme stock king pull off audacious eBay swoop?
(DBN)

Outdoor retailer closes locations, facing bankruptcy after 60 years in business
(DBN)

Saks Globals Bankruptcy Exit: Promising Future Or Audacious Overreach?
(DBN)

____________

Agribusiness:

California farmers to destroy 420,000 peach trees following Del Monte bankruptcy • California peach growers get $9 million to destroy trees
(DBN)

AeroFarms avoids shutdown, says it will be a 'stronger, more stable business'
(DBN)

19 Texas Farmers Denied Grain Claims
(DBN)

Former US officials raise red flag over looming widespread collapse of American agriculture
(DBN)

Solar ranch aims to prove grazing cattle under the panels is a farmland win-win
(DBN)

____________

Healthcare:

‘Dynamics we haven’t experienced before’: Hospitals absorb costs as patients lose coverage, skip Medicaid
(DBN)

Minnesota’s largest hospital could go bankrupt if lawmakers don’t settle on new funding
(DBN)

Tennessee dental practice to close due to financial strain
(DBN)

‘A flagrant attempt to increase their profits’: California Hospital Association sues Anthem over out-of-network penalty policy
(DBN)

If the abortion pill mifepristone can't be sent by mail, providers have a plan
(DBN)

2 men sentenced in $522M fraud, kickback scheme
(DBN)

Doctors' growing AI deepfakes problem
(DBN)

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Tobacco:

The End of Cigarettes Is Coming
(DBN)

____________

Hedge Funds:

Crispin Odey accused of giving ‘false evidence’ in fight against City ban
(DBN)

____________

Food/Beverage:

Fat Brands creditors push back against the company's sale to lenders
(DBN)

Circus Circus Food Court Plunges Into Chapter 11 as Strip Bargain Tier Feels the Squeeze
(DBN)

Austin’s “most valuable IHOP” sells at auction after Nate Paul’s long fight to retain it
(DBN)

Houston Dining Giant Pappas Gobbles Up On The Border In Tex-Mex Power Play
(DBN)

____________

Student Debt:

Mark Cuban says taking out a loan to go to college is the ‘dumbest thing you can do.’ Here’s his alternative
(DBN)

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Bicycles:

Lynskey Bicycles has filed for Chapter 11 bankruptcy
(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 (42 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

State Law:

The Erie Doctrine, Code Common Law, and Choice-of-Law Rules in Bankruptcy
(DBN)

____________

Mass Torts:

How Corporations Use the Texas Two-Step to Avoid Asbestos Lawsuits
(DBN)

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Venue:

US bankruptcy fights are heading to London • The Promise and Pitfalls of U.K. Law-Based Restructuring Plans for U.S. Companies
(DBN)

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Third Party Releases:

District Court Confirms Nonconsensual Third-Party Releases Survive Purdue Pharma in Chapter 15
(DBN)

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Avoidance Actions:

Recent Texas Bankruptcy Court Decision Involving a Fraudulent Transfer
(DBN)

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Mediation:

Mediating Bankruptcy Reorganization Disputes v. Mediating Commercial Lawsuit Disputes (In re Caesars)
(DBN)

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Aviation:

Spirit starts monthslong process of dismantling airline after biggest collapse in a generation • What's next for Spirit? Inside the airline's ‘wind-down' plan • Spirit Airlines' lawyers ask bankruptcy court for a fast liquidation • Spirit’s demise spurs finger-pointing as rivals survey remains • Why the collapse of Spirit Airlines means higher fares for everyone • Spirit Airlines’ demise will be felt by Americans who never flew it • Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but shutdown • Spirit Airlines apologizes after shock shutdown: 'Thank you, and sorry to the American public' • 'Devastating blow': Life without Spirit at Fort Lauderdale-Hollywood International Airport • The viral TikTok $1.75 billion bid to save Spirit Airlines is fighting the wrong villain • Spirit Airlines' gift to passengers, other airlines • Irish aircraft lessors caught up in fallout from the collapse of Spirit Airlines in US
(DBN)

Frontier Airlines sees opportunity to absorb demand ceded by Spirit
(DBN)

Budget travelers beware: The era of cheap airfare could be over
(DBN)

Holidays to Spain and Portugal at risk as thousands more flights to be canceled
(DBN)

Delta issues important statement affecting all flights from May 19 – and confirms it’s goodbye to important service
(DBN)

How the sale of Air Europa's stake helped avoid bankruptcy and affected employee payments
(DBN)

Passengers Groan as Robot Passenger Causes Hour-Long Delay at Oakland Airport
(DBN)

____________

Education:

Trump Administration Investigating Smith College Over Transgender Admissions
(DBN)

U.S.C. Will Infuse A.I. Across University With $200 Million Donation
(DBN)

____________

Autos:

Wall Street Sees 104% Upside for Lucid Despite 48% Polymarket Bankruptcy Odds
(DBN)

The secret team blowing up Ford’s assembly line to make a $30,000 electric truck
(DBN)

How many Cybertrucks has Tesla sold to the public? Fewer than you might think
(DBN)

Toyota switches on to electric vehicles to counter Chinese threat
(DBN)

____________

Cosmetics:

Adwoa Beauty faces liquidation after bankruptcy filing
(DBN)

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Celebs:

Shilo Sanders’ legal team files motions to restrict evidence at bankruptcy trial
(DBN)

RHOAs Pinky Cole’s CFO Indicted For Embezzlement, Fraud & More
(DBN)

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Private Equity:

Kravis and Roberts on KKR at 50
(DBN)

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Fraud:

Man charged in US with stealing $450 million from Mexican billionaire in loan scheme
(DBN)

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Pharma:

Drug pricing deal to generate savings of $64.3 billion over 10 years, White House says
(DBN)

RFK Jr. unveils campaign for ‘deprescribing’ antidepressants
(DBN)

____________

Theme Parks:

3 'Sloth World' sloths rescued from Florida warehouse have died
(DBN)

____________

Prediction Markets:

Polymarket’s Panama HQ Is Reportedly a Shared Law Office That Also Worked With FTX
(DBN)

____________

Religion:

Trump raids force church to move services underground: 'We are under attack'
(DBN)

Pope's First Year: From Restraint To Trump Showdown
(DBN)

____________

UK:

Law firm closes suddenly after falling into administration • Long-established law firm ceases trading after collapsing into administration - all staff made redundant
(DBN)

HMRC’s monthly debt collection bill balloons to £5.2m as compliance crackdown bites British businesses
(DBN)

Mortgage affordability hits two-decade low
(DBN)

Approximately two pubs closed a day in first three months of year
(DBN)

UK government borrowing costs hit highest level since 1998
(DBN)

Crispin Odey accused of seeking to create a ‘false reality’ by UK regulator
(DBN)

50 Claire's locations saved in UK and Ireland days after retailer shuttered all stores
(DBN)

____________

Canada:

Collapse of Spirit Airlines a 'warning' for budget carriers in Canada
(DBN)

Anthem Submits Bid In Addy Bankruptcy Proceeding
(DBN)

____________

MENA:

Iran crows ‘we’re just getting started’ after Dubai blitz – as Trump refuses to say if ceasefire is still in effect • Donald Trump to resume Iran war 'in days' as Iran issues chilling WW3 warning • Trump pauses effort to guide ships through Hormuz, citing progress on Iran peace deal • Newsmax reporter to Hegseth: ‘When did the president decide to capitulate?’ • Marco Rubio says 'at least 10 Hormuz sailors dead' as more starve • U.S. insists Iran ceasefire not over despite attacks in Strait of Hormuz • ‘Is the Ceasefire Over?’ Hegseth Grilled on US Exchanging Fire With Iran • Iran hits UAE with drones and missile attacks as Trump tries to reopen Strait of Hormuz • Ship Stranded for Weeks Exits Persian Gulf Under U.S. Protection • US mission to reopen Strait of Hormuz will be temporary, Hegseth says • Trump announces pause on Project Freedom • How Trump’s timeline for ending the Iran war keeps shifting • Iran warns US against ‘being dragged back into quagmire’ amid rising tensions over Strait of Hormuz • U.S. commercial ships had military security aboard during Hormuz transit, sources say
(DBN)

Some Democrats press Trump to break silence on Israel’s nuclear arsenal
(DBN)

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Sri Lanka:

Second reading debate on insolvency bill in parliament today
(DBN)

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Malaysia:

Shocking moment woman leaps out of moving taxi onto busy road – because cab driver ‘looked at her in the mirror’
(DBN)

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South Africa:

1,540 businesses facing insolvency in South Africa
(DBN)

____________

Cuba:

Cuba’s mom influencers share rare view of struggles under U.S. fuel embargo
(DBN)

____________

Japan:

Tokyo urges government workers to swap suits for shorts to counter energy costs
(DBN)

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Venezuela:

Trump Promised Transparency in Venezuela, but Oil Secrets Linger
(DBN)

Venezuela To ICJ: Rights To Oil-rich Region 'Inalienable'
(DBN)

____________

Argentina:

Argentina’s Javier Milei battered by scandals and slowing economy
(DBN)

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Cuba:

Rubio poses in front of map of Cuba with military commander as invasion fears soar
(DBN)

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Australia:

Court denies bid by trustee in bankruptcy to obtain SMSF control
(DBN)

____________

India:

Over 4,200 Homebuyers Get Relief as Supreme Court Restores Insolvency Plans for Earth Infra's Projects
(DBN)

IIIP-ICAI proposes differentiated allocation of insolvency cases based on debt size to strengthen IBC framework
(DBN)

____________

Spain:

134 year old steel pipe manufacturer files for bankruptcy
(DBN)

____________

Indonesia:

Indonesian court jails former boss of bankrupt textile giant for money laundering
(DBN)

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