June 24, 2026

The Daily Bankruptcy News

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Law:

Acclaimed bankruptcy lawyer James Sprayregen set to join Paul Weiss
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Boutique Law Firm’s Response To The Milbank Scale? Been There, Done That.
(DBN)

NY Boutique Axinn Gives Associates Bonuses Reaching $25,000
(DBN)

Some Firms Have To Be Dragged Into A Salary Match. Not This One.
(DBN)

The Firm That Walked Out On Paul, Weiss Is Now Paying Associates More Than Paul, Weiss
(DBN)

Stevens & Lee Adds Experienced Five-Lawyer Bankruptcy TeamStevens & Lee adds Genova Burns bankruptcy team
(DBN)

Biglaw Chair Gets Real With How AI Is Changing The Role Of Associate
(DBN)

White-collar jobpocalypse? Is AI really going to cut trainee lawyer numbers or might it end up boosting them?
(DBN)

Vinson & Elkins Taps AI Executive Marty as New Operating Chief
(DBN)

Big Law Ramps Up AI Training to Combat Breach Threats, Misuses
(DBN)

How To Make Equity Partner Without Waiting For Permission
(DBN)

California Seeks New Legal Aid Solution with Nonlawyers
(DBN)

Apple Intelligence: A New Sheriff In Town For Legal AI?
(DBN)

Thomson Reuters ‘Future Of Professionals’ Report Warns Of Widening Gap Between AI Adoption And AI Value
(DBN)

Ex-Big Law Partner Makes World Cup a Capstone to 60-Year Career
(DBN)

Plaintiffs attorneys in 2 multidistrict litigations face sanctions for protective order document breach
(DBN)

University of Texas law dean shifts AI policy to prevent ‘cognitive deskilling’
(DBN)

BARBRI snaps up AI startup founded by ex-BigLaw lawyer
(DBN)

Ashurst sees partner profits jump to £1.59 million ahead of Perkins Coie merger
(DBN)

BigLaw associates prepare for depositions with AI training tool DepoSim
(DBN)

How Trump Turned America’s Refugee Program Into a Pathway for White PeopleVendors Told to Start Dismantling ‘Alligator Alcatraz’ Detention Center
(DBN)

Protesters Accused of Antifa Ties Sentenced to Up to 100 Years in ICE Attack
(DBN)

Justice Department withdraws subpoenas that sought reporters' grand jury testimony, sources say
(DBN)

Mike Lindell and voting technology company agree to drop yearslong lawsuit, countersuit
(DBN)

Trump lawyers realize discovery in his own lawsuit could expose him to a Jan. 6 'trial'
(DBN)

Trump administration tried to take journalists to court over Iran reporting
(DBN)

Details in reported Nancy Guthrie ransom note suggest empathy—ex-FBI agentEmotional Savannah Guthrie speaks out after ransom note details revealed
(DBN)

Trump Says His Task Force Is Fighting a Foreign 'Invasion.' It's Busting Americans for Drugs Instead.
(DBN)

Nurse Charged With Felony For Pickleball Rage
(DBN)

Man accused of killing actor James Handy found mentally incompetent for prosecution
(DBN)

Man allegedly strangled a woman in Target until customers stopped him, prosecutors say
(DBN)

2 dead in Northern California library shooting
(DBN)

Boston cold-case rape suspect says his DNA was taken illegally from fork he used
(DBN)

Teens stopped for reckless driving planned to murder family: Police
(DBN)

Man kills daughter while breaking up fight with her mother, sheriff says
(DBN)

'Over a female': 24-year-old man guns down fleeing 12-year-old boy during brawl, cops say
(DBN)

Stepmother put 7-year-old through punishment regime using hot sauce, Dawn soap: DA
(DBN)

Mom who shoved kids down stairs, brushed it off as 'normal discipline' learns her fate
(DBN)

Brother bothered by sister's vacuuming tries to drown her in the family pool, police say
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Judges:

Judge Shuts Down Sorrento Shareholders’ Claims of ‘Compromised’ Bankruptcy Court
(DBN)

What The News Is Getting Wrong About Pauline Newman’s Shadow Impeachment
(DBN)

Why Trump has been attacking the Supreme Court, with 3 key rulings ahead
(DBN)

Judge reminds Trump lawyers that president 'has to follow the rules like the rest of us'
(DBN)

US Supreme Court won't let Rastafarian man shaved bald in prison sue guardsThe Supreme Court’s campaign to expand religious liberty now has a glaring exception
(DBN)

Arguing In Front Of SCOTUS To The White House
(DBN)

Justices Back Border Officers in Dispute Over Green Card Reentry
(DBN)

Federal judiciary raises concerns over deepfakes when opposing courtroom cameras
(DBN)

Supreme Court sides with Trump administration on immigration case dealing with green card holders
(DBN)

Trump administration can expand fast-track deportation process, US appeals court rules
(DBN)

Justice Alito splits with Supreme Court over social media star's do-over
(DBN)

Sonia Sotomayor warns fellow SCOTUS justices about new 'low point'
(DBN)

An explosive appeal from Trump over E. Jean Carroll sexual abuse verdict stalls at the Supreme Court
(DBN)

Federal judge blocks Trump election plan in major legal blow to admin
(DBN)

Judge rules government can't stop SNAP dollars from buying candy and sugary drinks
(DBN)

Stephen Miller in peril as uncovered FBI docs put his secret deeds in judge's crosshairs
(DBN)

Unsealed documents reveal concerns over former judge’s fitness to serve on bench
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Wall Street:

Stock futures are mixed ahead of Micron earnings; tech stocks rebound after sell-off
(DBN)

Nvidia, Micron, AMD lead tech sell-off as AI trade coolsNASDAQ tumbles more than 2% in opening trading as global tech sell-off deepensGlobal stocks sell off following $600 billion SpaceX wipeout SpaceX Stock Has Officially Fallen All the Way Down to the $150s The June tech wreck arrives—and the stock market is shaking in its bootsTech Stocks Are Abruptly Collapsing
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Layoffs:

Factory job cuts in June neared financial crisis and Covid levels, S&P says
(DBN)

Oracle blames AI for 21,000 layoffs last year
(DBN)

This tech CEO fired 80% of his workforce over AI resistance. Here’s what he’s learned since then
(DBN)

Larry Ellison cuts 21,000 jobs at Oracle as AI replaces human workers
(DBN)

16 companies that have said they're doing AI-related layoffs
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Healthcare:

Medicare's AI push snarls patients and doctors in errors and delays
(DBN)

Child under 12 is euthanized
(DBN)

Rural areas lag behind in cancer treatment and prevention – even as rich, urban areas increasingly leave dying from cancer in the rearview
(DBN)

CDC’s chief blocked a covid vaccine study. Now it’s in a top medical journal.
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Retailing:

Sporting Goods Chain 303 Boards Now in Bankruptcy Proceedings
(DBN)

One Bed Bath & Beyond zombie coupon is now worth $100,000, company reveals
(DBN)

It Was the First Unionized Apple Store in the U.S. Apple Just Closed It.
(DBN)

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Theme Parks:

Universal Studios’ new half-billion-dollar Kids Resort theme park compared to ‘maximum security prison’
(DBN)

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Media:

'CBS Mornings' ratings collapse after Scott Pelley firing
(DBN)

Daily Wire, under pressure, seeks strategic investors, targets IPO
(DBN)

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Food/Beverage:

Left Bank dining chain shuts down
(DBN)

Bourbon and beer maker files Chapter 7 bankruptcy, shuts downGoodwood Brewing files for Chapter 7 bankruptcy after months of closures and lawsuits
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Resorts:

Kissimmee's Ghost Resort Poised for $140 M Shot at Redemption
(DBN)

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Economy:

US manufacturing rises on front-loading of orders, but factory employment tumbles to six-year lowUS manufacturing jobs fall at fastest rate since the pandemicManufacturing grows at fastest rate since 2021 amid big job cuts: S&P
(DBN)

Small Business Loan Delinquencies Surge 12.6% Amid High Rates, Declining Sales
(DBN)

Inside Kevin Warsh’s selection process for the next Atlanta Fed president
(DBN)

Ten tensions in the Kevin Warsh Fed
(DBN)

The man who invented the Fed’s magic trick just died. His successor is about to try it again
(DBN)

The US Treasury market rests on shakier ground
(DBN)

Sen. Cassidy plans to push ‘big idea’ for Social Security reform in last days in office
(DBN)

Trump just said we're experiencing 'the opposite of a depression' — and economists have thoughts
(DBN)

Pentagon asks Congress for roughly $80 billion to cover cost of Iran war
(DBN)

Ford CEO warns skilled labor gap threatens economy
(DBN)

The state with the highest income isn't New York or California. See the 15 states where people earn the most
(DBN)

Are you middle class? No, you’re not. Here’s why.
(DBN)

Top-paid CEOs smash the $200-million payday
(DBN)

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
(DBN)

The biggest wealth transfer in history is here: How the next generation will spend the trillions
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Understanding the Statutory Cap on Landlord Claims for Rejected Leases in Bankruptcy
(DBN)

Justices reject constitutional attack on foreclosure rules
(DBN)

Inventory will Tell the Tale
(DBN)

Commercial and Multifamily Mortgage Delinquencies Remained Mixed in Q1
(DBN)

BofA Study: More Americans Favor Buying Over Renting for the First Time Since 2023
(DBN)

Supreme Court rules against Michigan family that lost home in tax saleSupreme Court rejects Michigan family's claim that county committed 'home equity theft' over $2,200 tax debtThe Opinion
(DBN)

Senate passes landmark housing affordability bill after bipartisan breakthroughHouse passes affordable housing bill, sends it to Trump’s desk
(DBN)

Hochul declares 'not going to back down' as $500M pied-a-terre tax targets NYC's ultra-wealthy luxury real estate
(DBN)

Office Properties Income Trust emerges from bankruptcy
(DBN)

Pacific Private Money’s mortgage fund seeks bankruptcy protection
(DBN)

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Municipalities:

Private power company countersues Puerto Rico’s government as legal woes deepen
(DBN)

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Oil/Gas:

Trump says Justice Department looking into gasoline prices
(DBN)

US gasoline prices tumble for sixth straight week
(DBN)

Brent falls below $76, notching lowest level since day before U.S.-Iran war
(DBN)

Waiving sanctions on Iranian oil is a huge concession
(DBN)

America’s Thirst for Gasoline May Not Recover After Iran War
(DBN)

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Consultants:

Things look bad for IT consultants — but not that bad
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Politics:

Tracking approval and key issuesTrump Gets Negative Reviews Internationally as Fewer Say U.S. Is a Reliable Partner
(DBN)

Trump, 80, fumed about coverage of his swollen 'cankles' as White House staff secretly whisper about his age
(DBN)

Senate votes to limit Trump’s Iran war powers in rare rebukeTrump defends unfreezing Iran funds as Senate rebukes him on war Trump Is on Collision Course With Senate Republicans
(DBN)

America's 250th anniversary celebrations get Trumped
(DBN)

Trump's 'bizarre' impersonation befuddles the internet: 'What in the name of God?'
(DBN)

Top intelligence agency begins mass firings under new Trump appointee, source says
(DBN)

Elizabeth Warren insults GOP senator by clucking like chicken at tense hearing
(DBN)

Trump says 6 people have been arrested for damaging the Reflecting PoolTrump changes his story on how the Reflecting Pool got damaged 5 times in 2 minutes Trump says proof that vandals cut Reflecting Pool will be provided in court‘I like their money’: Trump threatens lawsuits against ABC for reporting on Reflecting PoolIt’s not easy being green: Trump’s botched reflecting pool becomes 2,028ft metaphorPatrols and nanobubbles on display at the Reflecting Pool as Trump looks for a renovation do-overA dead duck was seen in the Reflecting Pool. Then two more were found nearby'We checked': New CBS Reflecting Pool probe finds 'no sign' of Trump knife slashI Forgot To Clean My Swimming Pool And, Frankly, I Too Suspect ANTIFA Vandals
(DBN)

'We are done': Marjorie Taylor Greene quits Republican Party amid Trump feud
(DBN)

Three New York Democrats backed by Mamdani win House seat primaries; 2 incumbents lose
(DBN)

Trump supporter's company pledges $1 million to fix White House lawn after UFC event
(DBN)

Senate Republicans say it’s time to give Trump a reality check
(DBN)

Palm Beach's airport to be renamed President Donald J Trump International Airport
(DBN)

Trump audit immunity deal 'illegal,' ex-IRS official tells judgeRepublican senators start to question Trump’s audit immunity deal
(DBN)

New images show what’s behind the tarp at the Kennedy Center
(DBN)

FCC Commissioner Anna Gomez Will Fight for Press Freedom—Until Trump Fires Her
(DBN)

Pete Hegseth forces out top army officer in Europe
(DBN)

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Video Games:

The Studio Behind A 2025 Xbox Showcase Surprise Just Went Bankrupt
(DBN)

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Agribusiness:

Bankruptcy filings signal ongoing farm financial stress
(DBN)

The Screwworm Problem Will Get Worse Before It Can Get Better
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Religion:

Vatican rejects proposal to allow sermons by Catholic women
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Fraud:

Doctor charged in $89M fraud case
(DBN)

Ferraris and Shell Companies: Five Charged in Medicare Fraud Schemes
(DBN)

Founder of Orlando company at center of alleged Ponzi scheme will plead guilty, records show
(DBN)

Trump Jr. Reportedly Met Indian Billionaire Adani Before DOJ Dropped Fraud Charges Against Him
(DBN)

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Assisted Living:

Creditor Says Bankrupt Senior Living Community Owes $44 Million-Plus
(DBN)

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Horse Racing:

Attorney Holds Out Hope for Hawthorne RacingHawthorne could be sold via a stalking horse bid in early JulyClock ticking on Hawthorne as June 26 bid deadline approaches
(DBN)

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Logistics:

FedEx sees profit gain while warning on inflation, trade turmoil
(DBN)

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Private Equity:

Private equity’s move into youth sports brings some truths home
(DBN)

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Comic Books:

Slow Progress in Diamond Comic Distributors Bankruptcy CasesMultiple Cases All Moving Slowly
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Summer Camps:

Camp Mystic Files for Chapter 11 Bankruptcy in Texas
(DBN)

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  New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Business bankruptcies down but closures and farm reorgs up
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Judicial Estoppel:

Supreme Court Tightens Dismissal Rules for Undisclosed Bankruptcy Claims
(DBN)

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Miscellaneous:

Court Opinion Review: Judge Lopez Calls More Bluffs, New Jersey District Court Backs Judge Kaplan in Del Monte and a Joyous Mess in Harvest Sherwood
(DBN)

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Jurisdiction:

Northern Pipeline v. Marathon’s Three-Justice Dissent: Too Bad It Failed To Prevail! (Part 4)
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Mass Torts:

Burlington Catholic Diocese to sell headquarters in South Burlington
(DBN)

Court says it might dismiss Vermont Catholic diocese bankruptcy case if progress isn’t made soon
(DBN)

Chicago archdiocese to countersue alleged abuse settlement fraud ring
(DBN)

Christian Brothers facing bankruptcy after 183 years in Australia
(DBN)

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Bankruptcy Strategy:

The 3 Takeaways from Pacsun’s Bankruptcy That Can Transform a Legacy Brand Into a Cultural Force
(DBN)

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Tech:

Grok Was Always Going To Cripple SpaceXSpaceX stumbles SpaceX seeing interest from short sellers, but most afraid to go against Musk Elon Musk Says SpaceX Is “Like Union Pacific,” Which Is Extremely Funny If You Know What Actually Happened to Union PacificSpaceX stock climbs 4%, rebounding from three-day losing streakSpaceX pitches investors juicy yields in $25bn bond deal
(DBN)

Data center backlash puts the AI boom at risk
(DBN)

The Trillion-Dollar AI Shockwave Nobody Is Ready For
(DBN)

Tech companies would have to pay AI data center energy costs under bill moving in Congress
(DBN)

Anthropic’s Mythos model found vulnerabilities in classified U.S. government systems, official says
(DBN)

AI on pace to bypass cybersecurity systems soon, "Five Eyes" spy partners warn
(DBN)

AI Companies Are Trying to Seize Control of Elections
(DBN)

Google’s online dominance is showing signs of cracking in AI era
(DBN)

As Chinese Tech Pulls Ahead, U.S. Fears It Will Become Dependent
(DBN)

Filing Alert: Asator Global Technologies Chapter 11
(DBN)

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Education:

Every US state ranked by high school graduation rate, from lowest to highest
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Biotech:

Filing Alert: Sangamo Therapeutics Chapter 11Sangamo to put ‘substantially all’ assets for sale in bankruptcy, lines up Lilly and Astellas as buyersLilly, Astellas Circle Sangamo Assets as Biotech Files for Bankruptcy
(DBN)

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Climate:

Illinois Is Getting Battered by Freak Tornadoes
(DBN)

Drowning deaths soar in France as Europe buckles in peak of heatwaveFrance suffers major power outage as Europe sizzles in record-breaking heat
(DBN)

As Europe Warms, Scientists Ask: How Much Hotter Could Summers Get?
(DBN)

London isn’t just calling—it’s cooking. Europe’s largest economies face over $600 billion in heat-driven losses by 2030
(DBN)

UK business rejects call to set maximum workplace temperature as heatwave deepens
(DBN)

Former NOAA Employees Revive Climate Site Shut by Trump Administration
(DBN)

China and the US, accidental climate saviors of the world
(DBN)

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Nuclear:

Trump administration to loan $17 billion to speed deployment of 10 big nuclear reactors in U.S.
(DBN)

Walmart’s first nuclear deal shows demand beyond AI data centers
(DBN)

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Tax:

See the list of California's 200-plus billionaires who could be hit by the proposed wealth tax if it passes
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Sovereigns:

Venezuela to reveal $240bn debt pile in world’s largest restructuringThe scoop on the largest restructuring in history
(DBN)

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UK:

Clients are barristers’ biggest ethical headache, research finds
(DBN)

Nationalizing Thames Water can be easier than it looks
(DBN)

Danny Perkins-led Elysian Film Group Distribution enters insolvency
(DBN)

Hogan Lovells bumps NQ lawyer pay to £145k in run-up to Cadwalader merger
(DBN)

The red flags at HSBC over funds linked to Lebanese central bank scandal
(DBN)

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EU:

Digital euro clears key hurdle as EU seeks to break free from U.S. credit cards
(DBN)

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Canada:

The new face of insolvency: How a softening housing market is dragging Canadian homeowners under
(DBN)

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MENA:

Dozens of ships head through Strait of Hormuz after US-Iran dealU.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for TehranUS and Iran in dispute over whether Tehran has agreed to nuclear inspectionsClashing U.S. and Iranian Claims on Nuclear Inspection Show Challenge Ahead Iran says it will ‘administer’ Strait of Hormuz Strait of Hormuz is open says Trump but confusion reigns Strait of Hormuz evacuation plan to begin for ships stranded in Persian Gulf Missiles, drones and nukes: What Trump's war has gained - and costTrump announces unexpected changes to the tentative peace deal with IranIran, US make conflicting claims about key issues
(DBN)

Hormuz closure strands almost 1,200 cargo ships with $125bn worth of goods
(DBN)

New Lebanon-Israel talks begin in shadow of US-Iran deal'What ceasefire?' In northern Israel, locals doubt an agreement can end the war with Hezbollah
(DBN)

Israel's 'deliberate targeting' of children part of ongoing Gaza 'genocide': UN probe
(DBN)

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Cuba:

Exxon can sue Cuba over property confiscated in 1960, Supreme Court rules
(DBN)

Mexico risks Trump ire with plans to ship oil to Cuba
(DBN)

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Australia:

Disgraced cattle baron Sam Mitchell to keep $9m US mansion in bankruptcy deal
(DBN)

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Russia:

Vladimir Putin sours on Donald Trump over his latest Ukraine shift
(DBN)

Russia’s Crimean conquest is turning into a deadly mess
(DBN)

Ukraine is raising the cost of war for Russia — and testing Putin’s resolve
(DBN)

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South Korea:

Gwangyang Health Sciences University closure ends Lee Hong-ha's empire
(DBN)

Homeplus, Union Plead With Government to Avert Bankruptcy
(DBN)

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India:

Commercial Dispute Is Civil in Nature: Calcutta HC Quashes Criminal Proceedings against Directors amid Insolvency Proceedings
(DBN)

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Malaysia:

Man to face 207 charges for signing contracts as a 'director' while bankrupt
(DBN)

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Brazil:

Light raises R$1.2bn in push to exit bankruptcy protection
(DBN)

Ambipar in-court restructuring hinges on cross-border clash over financial creditor rights
(DBN)

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