April 1, 2025

The Daily Bankruptcy News

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Law:

Skadden's pact with Trump was a 'dealbreaker,' associate tells BI after resigning We Must Stop Blaming Law Firms Attacked by President Donald Trump Another associate quits Skadden after firm reaches settlement to avoid becoming Trump target Georgetown Law Student Group Calls Skadden Cowards, Opts Out Of Recruitment Event Trump’s Attack On Biglaw Reminds One Congressman Of The Chinese Communist Party Reminder: It’s Not Biglaw Leading The Defense Of The Rule Of Law
(DBN)

Lawyer who once said BigLaw is too woke obtains 1 of 2 TROs granted to large firms suing over Trump orders
(DBN)

KPMG's legal boss says there's one area where the Big Four can have an edge over Big Law
(DBN)

February Bar Exam MBE Score Sinks To All-Time Record Low — Again
(DBN)

Former BigLaw partner wins reversal on one count of cyberstalking conviction
(DBN)

A Quarter-Billion Dollars for Defamation: Inside Greenpeace’s Huge Loss
(DBN)

Trump nominees disclose US law firm pay
(DBN)

Justice Department instructed to dismiss legal challenge to Georgia election law
(DBN)

John Dean on Trump third term talk: ‘He likes constitutional end runs’ No, Trump Cannot Run for Re-election Again in 2028 Why Trump Says He’s ‘Not Joking’ About a Third Term The Strategy Behind Trump’s Repeated Musings About a Third Term As Trump says "there are methods" for serving a third term, here's what to know about the 12th and 22nd Amendments
(DBN)

Ritzy Florida enclave becomes Chinese smuggling hot spot as former military identifies driving force
(DBN)

Michael Jordan Jerseys, Tattoos: Trump's 'Alien Enemy' Guide Challenged by Lawyers
(DBN)

Trump pardons show there's never been a better time to be a white collar crook
(DBN)

Florida bus driver fatally shoots 2 passengers, police say
(DBN)

Oregon abandoned its radical drug law. Then came the mass arrests
(DBN)

'Patently frivolous': Lawyer slams appeal of cops who shot man in head while he called 911
(DBN)

'Figured I would finish it off': Man murdered parents with shotgun over sleeping pill
(DBN)

'I'm going to kill you today': 14-year-old murdered by classmate at playground, cops say
(DBN)

Man shoots ex-girlfriend after she tells him they need to go 'their separate ways': Cops
(DBN)

Wigmaker who plowed into mother, kids said she was 'possessed' after fatal crash: Police
(DBN)

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Judges:

Appellant Sends AI Avatar To Oral Argument… Judges Are NOT Pleased
(DBN)

Justice Sotomayor’s Optimism For The Rule of Law Under Trump Only Lasted A Month
(DBN)

Senate Republicans urge Trump, allies to stop threatening courts
(DBN)

'The problem is policies': Legal expert tears into MAGA spin on 'activist judges'
(DBN)

Judiciary Releases Workplace Conduct Report and Employee Survey Results
(DBN)

1st Circuit refuses to lift block on Trump’s freeze on state grants during challenge
(DBN)

DOJ says Trump can fire Biden-appointed board chair, and appellate court agrees — again
(DBN)

Judge delays Trump administration's move to end Temporary Protected Status for Venezuelans
(DBN)

Trump-Appointed Judge Rejects GOP-Backed Pennsylvania Voting Requirement
(DBN)

Wisconsin Supreme Court candidates make final push amid high spending, voting Musk-funded political group spends big and goes door to door in the Wisconsin Supreme Court race Why Is Elon Trying to Buy Wisconsin Supreme Court Seat?
(DBN)

Adams Asks Judge Who Could Dismiss Charges Against Him to Hurry Up
(DBN)

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Wall Street:

U.S. stock futures slip as investors await clarity on Trump’s upcoming tariffs
(DBN)

Stocks close out their worst quarter since 2022 amid tariff uncertainty
(DBN)

US Stocks Erase Losses as Trump’s Tariffs Keep Markets on Edge
(DBN)

US Stocks Swoon as Trump Sows Economic Fear Across Wall Street Wall Street is fed up with Trump’s tariffs ‘I’m Certain of Absolutely Nothing’: A Wall Street Insider Explains Why the Market Is Spooked
(DBN)

Stock markets fall worldwide as Trump’s ‘Liberation Day’ approaches
(DBN)

Markets have been shocked to find that Trump's not in their corner in 2025
(DBN)

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Layoffs:

Northvolt Cuts Workforce to 1,700 as Part of Bankruptcy Process
(DBN)

Cleveland-Cliffs lays off more than 1,200 workers as tariffs hit demand
(DBN)

‘A slap in the face’: Atlanta single mom fired from CDC job only 66 days before her probation ended — now she’s had to turn to food stamps, Medicaid to get by
(DBN)

Trump administration sued over effort to dismantle federal unions Trump stripped fed workers of collective bargaining rights for 'fighting back': Lawsuit
(DBN)

RFK Jr.'s layoffs expected to gut worker safety agency NIOSH, officials say
(DBN)

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Student Debt:

Trump wants to move student loans to SBA. Republicans aren’t so sure.
(DBN)

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Agribusiness:

'Farmers often bear the brunt of tariff retaliation': Idaho growers brace for the impact of a tariff war — warn Americans that prices could go up at the grocery store
(DBN)

Can US agriculture withstand a trade war with China?
(DBN)

In Hawaii, where 90% of food is imported, farmers who offset imbalance now face cuts
(DBN)

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Batteries:

Northvolt lays off half of staff as bankrupt battery-maker seeks buyer Northvolt bankruptcy trustee secures agreement for scaled-down operation
(DBN)

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Healthcare:

Insurance companies file objections in bankruptcy court for over-payment claims involving Sharon Regional
(DBN)

Cantor Analysts Blast RFK Jr., Warn of ‘Dangerous Territory’
(DBN)

Most Overweight and Obese Cities in the U.S. (2025)
(DBN)

Trump administration cuts some funds to Planned Parenthood
(DBN)


What Ivermectin Can (and Can’t) Do Why the Right Still Embraces Ivermectin
(DBN)

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Celebs:

Gia Giudice downplays mom Teresa and stepdad Luis Ruelas owing $3M in taxes
(DBN)

Kanye West Stuns Interviewer as He Shows Up in KKK-Inspired Outfit
(DBN)

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Pharma:

Vaccine stocks fall after key FDA official resigns in protest of RFK Jr.
(DBN)

Judge levies $1.64B penalty on Johnson & Johnson in HIV drug marketing case
(DBN)

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Tech:

Is Google at risk of becoming irrelevant? Alphabet’s stock drop draws comparison to Kodak.
(DBN)

Nasdaq 100’s worst quarter in years sealed by AI bubble fears
(DBN)

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Economy:

America Has Never Been Wealthier. Here’s Why It Doesn’t Feel That Way.
(DBN)

Trump is set to gamble his presidency, the economy and Americans' finances The ‘Dirty 15’ percent: Some countries will take a harder hit from Trump’s tariffs Trump to Unveil Country-Based Tariffs April 2 in Rose Garden ‘Businesses will shut down’: Maga backfires as Americans suffer under tariffs Trump faces crucial week on the economy 60 percent disapprove of Trump tariffs: Survey Trump says U.S. tariffs to hit 'all countries' Estimates Imply That Burden of Tariffs Could Fall Heavily on Consumers Tariff Gambit Bets Americans Will Swallow Higher Prices Trump is plotting the biggest tax rise in global history How Trump's tariffs are different this time Republicans scramble to shield their states from Trump’s next wave of tariffs Goodyear Seen as Winner in Trump Tariff War, Deutsche Bank Says Uranium Market Freezes as Trump Tariff Threats Rattle Buyers Starmer Holds ‘Productive’ Talks With Trump Ahead of Tariff Hit
(DBN)

Oaktree Plans Special Situations Fund as Tariff Threats Grow
(DBN)

Recession odds are rising as Trump’s trade war escalates, Goldman Sachs says
(DBN)

Fed’s Williams Sees Risk of Higher Inflation From Tariffs
(DBN)

Fed’s Barkin Says More Rate Cuts Require More Confidence on Inflation
(DBN)

O’Leary: ‘I haven’t seen any recessionary trends yet’
(DBN)

First-quarter GDP growth will be just 0.3% as tariffs stoke stagflation conditions, says CNBC survey
(DBN)

IMF, World Bank Brace for Trump’s ‘America First’ Makeover
(DBN)

Americans Are Souring on Trump's Economy, Polls Show
(DBN)

‘Pivotal warning’: Richest Americans slash spending in sign of coming turmoil
(DBN)

BlackRock CEO Larry Fink says protectionism ‘has returned with force’
(DBN)

Senate GOP to start moving budget plan as soon as Wednesday
(DBN)

Slow US Tax Collections Spark Angst About Debt Ceiling X-Date
(DBN)

The New Marriage of Unequals... Now it's Women Marrying Men with Less Education
(DBN)

Social Media Trend Drives More Young Adults to Take ‘Micro-Retirements’
(DBN)

Gen Z is facing a career apocalypse
(DBN)

Trump’s Science Policies Pose Long-Term Risk, Economists Warn
(DBN)

Private Employers Are Exposed to Danger if They Flout DEI Orders
(DBN)

France Reacts to Donald Trump's DEI Ultimatum
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac House Price Index Increased in February; Up 3.4% Year-over-year
(DBN)

Housing March 31st Weekly Update: Inventory up 1.1% Week-over-week, Up 30.6% Year-over-year
(DBN)

FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores
(DBN)

Jerome Powell quietly warned Americans there would be places in the US where you ‘can’t get a mortgage’ — and he’s not wrong. Here’s why and what to do if you’re part of this unlucky group
(DBN)

Floyd Mayweather Jr. bragged about a $400 million property deal. There’s just one problem.
(DBN)

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Food/Beverage:

Hooters Files for Bankruptcy as Brand Eyes Turnaround Plan Hooters Files for Bankruptcy with Plan to Bring Back Original Founders Hooters files for bankruptcy, but some restaurants to remain operating Hooters of America declares bankruptcy Hooters files for bankruptcy but says it's "here to stay" Hooters Restaurant Chain, Known for Skimpy Wait-Staff Outfits, Files for Bankruptcy Protection Hooters of America files for bankruptcy to address $376m debt Hooters was dumped by its NASCAR team and sued for only hiring ‘Hooters Girls’ to serve customers. Now it’s filed for bankruptcy Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout
(DBN)

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Politics:

The issues where Trump’s approval is strongest and weakest, according to a new AP-NORC poll Americans back Trump on immigration, sour on his economy: Poll
(DBN)

Trump may be gambling with his rural support in Wisconsin
(DBN)

‘False choice’: GOP congressman breaks ranks to deliver Trump history lesson in NY Times
(DBN)

The Trump family is cashing in on crypto. It’s creating problems in Congress Trump Family to Launch US Bitcoin Mining Venture With Hut 8
(DBN)

Trump is making Europe great again
(DBN)

The Senate’s Age of Irrelevance
(DBN)

America’s Future Is Hungary
(DBN)

Hegseth’s Good Cop, Bad Cop Approach to Allies Shows China Focus
(DBN)

Tim Walz: Why We Lost Is this the Democrats’ Tea Party moment? Democratic base's anger puts some party leaders on shaky ground How Biden’s frailties hampered Harris Harris pleaded with Biden for speedy endorsement
(DBN)

16 Tesla EVs are destroyed in a fire in Rome as Italian police investigate possible arson
(DBN)

Greenland’s New Prime Minister Says Trump Won’t Get Island Greenland's new prime minister explodes at Donald Trump 'We don't belong to you' Battle over Greenland heats up with Denmark’s PM set to visit just days after JD Vance Rubio to Meet Denmark Minister at NATO as Trump Demands Greenland: Report Danes try to hit America where it hurts over Trump's push to own Greenland
(DBN)

Are China, Canada, and Mexico really to blame for fentanyl?
(DBN)

Republicans look to avert humiliation in Florida special election A Special Election That Was Supposed to Be a Snoozer Is Suddenly Buzzing
(DBN)

White House to remove magnolia tree dating to Andrew Jackson
(DBN)

'Who approved this?' Jasmine Crockett slams 'disgusting' House GOP for sharing morbid meme
(DBN)

'Would be devastating': Republican mayor warns latest Trump plan would cripple his city
(DBN)

Trump knocks NBC’s Welker after Signal leak questions on ‘Meet the Press’
(DBN)

WHCA Warns That Trump White House Control Of Briefing Room Seating Would Make It “Easier To Exact Punishment” On Outlets Over Their Coverage
(DBN)

Trump advisor Paula White-Cain promises 'supernatural blessings' for $1,000 donation ahead of Passover
(DBN)

American progress in peril Trump Administration Has Begun a War on Science, Researchers Say
(DBN)

A DOGE employee is put in charge of the US Institute of Peace, a court filing alleges
(DBN)

DOGE's 'Major Cleanup' of Social Security Nears Huge Milestone Social Security Website Crashes as Agency Pushes Users Online
(DBN)

'Worst fears coming true': Conservative WSJ hits Trump for letting Cabinet member run amok
(DBN)

MAGA Influencer Says She’s Selling Her Tesla Because ‘Vindictive’ Elon Musk Slashed Their Child’s Support 60%
(DBN)

Trump Administration Moves to Shutter Library Agency
(DBN)

Texas Pastor Says Bible Has 'No' Grounds for Being Anti-Transgender
(DBN)

Democrats sue Trump administration over elections executive order
(DBN)

Trump Floats Friedman, Grenell as Possible Picks for UN Envoy
(DBN)

Trump Says Le Pen Conviction Is ‘Big Deal,’ Similar to His Cases
(DBN)

In Praise of Laurene Powell Jobs, Owner of The Atlantic, Superhero of Signalgate
(DBN)

Lessons from Russia, Turkey and India for Trump’s America
(DBN)

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Climate:

Trump Says He’ll Bring Back Less Stringent Auto Emissions Standards
(DBN)

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Theme Parks:

Aquatic Theme Park Operator Dolphin Company Files Bankruptcy
(DBN)

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New Bankruptcy Opinions
(19 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (70 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (29 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

U.S. judge rejects Johnson & Johnson’s $10 billion baby powder settlement Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases Johnson & Johnson’s Third Bankruptcy Case for Talc Lawsuits Thrown Out Johnson & Johnson to Return to Tort System to Defeat Meritless Talc Claims J&J Effort to Use Bankruptcy to End Talc Cancer Claims Rejected
(DBN)

Abuse survivors vote to support bankruptcy exit plan for Syracuse Catholic diocese
(DBN)

High-stakes talks begin this week in Archdiocese of New Orleans bankruptcy case
(DBN)

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SCOTUS:

Justices validate IRS’s right to retain fraudulent pre-bankruptcy tax payments
(DBN)

Supreme Court debates if states may tax Catholic Charities and religiously affiliated groups
(DBN)

Why Trans People Must Prove a History of Discrimination Before the Supreme Court
(DBN)

____________

Aviation:

Virgin Atlantic Warns of Slowing US Travel Demand to the UK
(DBN)

Air Canada Says US Bookings Down 10% as Trade War Rages On
(DBN)

Why it’s so hard to fix the U.S. air traffic control problems
(DBN)

Nearly a quarter of all midair close calls over 34 years involved at least one military aircraft
(DBN)

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Autos:

Looming car tariffs have some Americans rushing to dealerships to avoid sticker shock Car Shoppers Outracing Trump Tariffs Poised to Lift Auto Sales
(DBN)

US Automakers Make Mad Dash to Persuade Trump to Temper Tariffs
(DBN)

There's no such thing as a fully American-made car
(DBN)

American auto jobs could be lost quickly in tariff war
(DBN)

Trump tariffs jolt Asian automakers — Toyota likely set for most pain
(DBN)

'Premiums will have to increase accordingly': Trump's tariffs could drive up car insurance costs by 13%. Here's how trade policies affect premiums
(DBN)

Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock Tesla plunges 36% in first quarter, worst performance for any period since 2022 Tesla Rivals See Their Chance to Overtake Elon Musk Tesla Lost More Than One-Third of Its Value in First Quarter How Elon Musk Net Worth Has Changed as Tesla CEO Speaks Out on Stock Drop
(DBN)

EV truck maker Harbinger accuses Canoo of hiding assets in bankruptcy sale Canoo Bankruptcy Faces Insider Sale Objection
(DBN)

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Education:

Antisemitism watchdog offers alternative to Trump's campus crackdown
(DBN)

Trump Admin Investigating Harvard's $9 Billion in Federal Funding
(DBN)

FBI searches homes of Indiana University cybersecurity professor
(DBN)

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Ticketing:

Donald Trump Tackles Ticket Scalping, Event Fees with New Executive Order
(DBN)

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Personal Genomics:

Federal Trade Commission Chairman Andrew N. Ferguson Issues Letter on 23andMe Bankruptcy Impact to Consumers FTC concerned about privacy protections in 23andMe bankruptcy
(DBN)

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EU:

European countries resist US push to scrap diversity and inclusion initiatives
(DBN)

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Canada:

Carney Vows to Revive Canada’s Wartime-Era Homebuilding Strategy
(DBN)

Germany’s Scholz Slams Trump’s Attacks on Canada, Offers Support
(DBN)

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Russia:

Trump accuses Ukraine’s Zelensky of ‘trying to back out’ of proposed minerals deal
(DBN)

Trump Vents Anger at Putin Over Ukraine, Hints at Oil Curbs
(DBN)

Trump Backs Away From Putin Criticism, Renews Attacks on Ukraine
(DBN)

Putin Keeps Pushing, With Trump and on the Battlefield
(DBN)

A Kremlin official says Russia sees efforts to end Ukraine war as a drawn-out process
(DBN)

Timeline of how Trump’s pledge to end the war in Ukraine hit reality
(DBN)

Putin to conscript 160,000 more Russians for war with Ukraine
(DBN)

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China:

China’s New Home Sales Fall as Sluggish Demand Weighs on Market
(DBN)

China Property Pain Worsens With Sales Slump, Vanke Loss
(DBN)

China Braces for Trump Report That Will Set Stage for Deal Talks
(DBN)

China Factory Activity Expands Before Expected Trump Tariffs
(DBN)

'It took just two months': Analysts trash Trump as U.S. allies unite with China
(DBN)

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MENA:

Tech mogul Moshe Yanai denies insolvency, cites $1.1B MII portfolio in Tel Aviv court battle
(DBN)

Israel Tells Gazans to Leave South Before ‘Intense Fight’
(DBN)

Israel to reoccupy 25% of Gaza to press Hamas to release hostages, official says
(DBN)

Netanyahu Names New Intelligence Chief, Challenging Court
(DBN)

Top Netanyahu aides Urich and Feldstein arrested in ‘Qatargate’ investigation
(DBN)

Bodies of 15 medical and humanitarian workers found in southern Gaza
(DBN)

Iran’s Leader Pledges ‘Firm Retaliatory Response’ to US, Israel Iran Will Seek Nuclear Weapons if US Attacks, Top Official Says: "No Choice"
(DBN)

Pakistan plans to expel 3 million Afghans from the country this year
(DBN)

Egypt military buildup in Sinai threatens peace with Israel, source warns
(DBN)

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Argentina:

Poverty in Argentina Falls Sharply as Prices Cool Under Milei
(DBN)

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Sweden:

Ripple effect? Northvolt crisis drives record bankruptcy surge in Sweden in October
(DBN)

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Brazil:

Brazilian Court Makes History: Approves NFT Subpoenas in Crypto Bankruptcy
(DBN)

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Vietnam:

Vietnam’s FIT policy overhaul triggers industry bankruptcy fears
(DBN)

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