April 3, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Trump's crusade against big law firms sparks fears of long-lasting damage Trump is using his Big Law executive orders to disarm the legal efforts to rein him in Milbank Signs Deal With Trump to Avoid Executive Order Milbank Joins List Of Pushover Biglaw Firms Bowing To Trump Another Law Firm Cuts a Deal to Do Free Work for Trump Milbank reaches deal with Trump as divide among law firms deepens Skadden removes diversity content from UK grad rec site as firm comes under fire over $100 million Trump deal
(DBN)

Another ‘Trump Bump’ Leads To Huge Increase In Law School Applications
(DBN)

Moore & Van Allen Welcomes Glenn Siegel to Bankruptcy & Restructuring Team
(DBN)

Wachtell, Sullivan & Cromwell, MoFo Snag AI Giants' Legal Work
(DBN)

How Is JD Vance Shaming Yale Law School Today?
(DBN)

Firm offers 1 million bonus pot to encourage AI use among staff
(DBN)

DLA Piper’s Excuse For Cracking Down On Diversity As Embarrassing As You’d Think It Is
(DBN)

Can I Teach the First Amendment If I Only Have a Green Card?
(DBN)

Disbarred lawyer sentenced for using then-girlfriend’s identity to take out over $82K in loans
(DBN)

Antitrust Leaders Push to Shield High-Profile Cases From DOJ Cuts
(DBN)

The right’s legal heavyweight takes on Trump
(DBN)

Trump-Allied Prosecutor Looks to Undermine Biden Pardons
(DBN)

Lawyer for Trump Allies Is Pick for Justice's No. 3 Post
(DBN)

Rogan warns of Trump admin's "horrific" deportations Longtime NJ resident on road to legal citizenship detained by ICE Trump’s Salvadoran Gulag Outrage grows over Maryland man’s mistaken deportation to El Salvador prison 'We were lied to:' Two women the Trump administration tried to send to El Salvador prison speak Unmarked Vans. Secret Lists. Public Denunciations. Our Police State Has Arrived Why Are Visa and Green-Card Holders Being Detained and Deported? Stephen Miller Attacks Dems for Demanding Due Process for Deportees: ‘How About Hell No’ DHS cuts funds for groups helping legal immigrants become U.S. citizens Judge restores funds for lawyers representing children in immigration court
(DBN)

Appeals court: Trump pardon ‘plainly’ did not cover Jan. 6 defendants’ unrelated crimes
(DBN)

Texas lawmaker asks Gov. Greg Abbott to send state’s inmates to El Salvador
(DBN)

Trump Attorney Reportedly Analyzed Whether Trump Could Serve a Third Term Despite Clear Constitutional Prohibition
(DBN)

NYC Mayor Adams’ Corruption Case Permanently Dismissed by Judge Eric Adams Gets Off Scot-Free Judge dismisses New York mayor's corruption case, slams Trump administration 'bargain' Eric Adams corruption case dismissed, judge says Trump can no longer use charges as 'leverage' NYC Mayor Faces Prospect of Political Loss After Legal Win Eric Adams Gets Off Scot-free, Then Complains Eric Adams ditches Democratic primary, will run for reelection as independent
(DBN)

San Francisco Rethinks Its Free Handouts of Drug Paraphernalia
(DBN)

Mass shooter who killed 6 people at The Covenant School had no grudge against victims but was fueled by a quest for notoriety
(DBN)

Grand jury indicts Maui doctor after wife tells police he repeatedly bashed her head with a rock after she refused selfie
(DBN)

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Judges:

US judicial panel votes to scrap key part of amicus disclosure rule
(DBN)

Man who had gun and knife will plead guilty to trying to assassinate Supreme Court Justice Kavanaugh
(DBN)

Judge hammers EPA over lack of proof of wrongdoing in terminating $20B in climate grants
(DBN)

Liberal Wisconsin Judge Crawford Beats Musk-Backed Candidate Liberal wins Wisconsin Supreme Court race, most expensive in US history Elon Musk Blamed Wisconsin Supreme Court Result On Billionaire Democratic Spending—But He And Republicans Outspent Them All Now Musk Is Boosting Claims Wisconsin Supreme Court Election Was ‘Stolen’
(DBN)

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Wall Street:

Dow futures tumble over 800 points on fear Trump’s tariffs will spark trade war
(DBN)

Stock markets sink globally on Trump's tariff plan
(DBN)

US Emerges as Biggest Loser in Markets From Trump’s Tariffs
(DBN)

‘Absolutely nothing good’ coming out of Trump’s tariff announcement: Analysts react to latest U.S. levies
(DBN)

Wall Street Games Out What Trump Tariffs Mean for World Markets
(DBN)

Wall Street recoils at Trump's trade war
(DBN)

Investors flee U.S. stocks in after-hours trading Wall Street stocks drop like a stone... wiping trillions off the value of 401(K)s in minutes
(DBN)

Apple’s stock is getting pounded on tariff news. Don’t freak out just yet.
(DBN)

Trump’s tariffs amount to ‘worse than worst-case scenario’ as investors brace for stock-market beatdown
(DBN)

Trump's tariff threats helped erase stock gains
(DBN)

Conservative cable channel Newsmax shares plunge 77% after a dizzying 2-day surge
(DBN)

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Layoffs:

HHS sees day of chaos as layoffs hit scientists, policy experts 4 key takeaways as Trump’s sweeping HHS layoffs begin HHS cuts staff in charge of helping 6M Americans keep utilities on RFK Jr. Lays Off Staffers Who Run FDA’s Vaccine Expert Panel
(DBN)

GOP senator says he ‘won’t apologize’ after telling fired HHS employee he ‘probably deserved it’
(DBN)

Second buyout offer sent to some federal workers
(DBN)

Judge who ordered fired federal workers to be reinstated now says ruling applies to 19 states and DC
(DBN)

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Personal Genomics:

23andMe is potentially selling more than just genetic data. The personal survey info is also a privacy problem.
(DBN)

Blockchain projects fight for 23andMe user data amid bankruptcy
(DBN)

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Healthcare:

Report on Prospect Medical highlights service cuts at CT hospital
(DBN)

An Anticipated Crozer Health Sale Tuesday Didn’t Materialize
(DBN)

Republicans say efficiencies will save Medicaid. Dems say 'not possible.' Key House Republican opposes Medicaid cuts
(DBN)

Texas Vaccination Clinics Canceled Amid Funding Cuts
(DBN)

White House fed up with RFK Jr.'s sluggish press shop The White House Is Already Sick of RFK Jr. Agency Disorder: ‘It’s a Mess’ Kennedy remains quiet on 10,000 jobs lost at the nation’s top health department
(DBN)

The Supreme Court struggles with whether to wound Medicaid to spite Planned Parenthood US Supreme Court receptive to South Carolina's bid to defund Planned Parenthood
(DBN)

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Personal Finance:

Man Who Left Kids in McDonald's To Go to Job Interview Gets Wave of Support
(DBN)

I've negotiated up to $30,000 more than I was offered in each new job using the 'door-in-the-face' technique. Here's how it works.
(DBN)

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Climate:

Atmospheric river to trigger central US flooding that may become life-threatening, historic
(DBN)

'Biblical disaster' flooding hits top Greek holiday islands as roads turn into raging rivers and cars are swept away after 'extreme' rainstorm
(DBN)

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Agribusiness:

Does major bankruptcy signal ‘reality check’ for indoor farming?
(DBN)

‘Liberation day’ comes for California almonds
(DBN)

No Tariff Exemptions for American Farmers
(DBN)

GOP Senator Warns Donald Trump That Tariffs Could Push His State’s Farmers To The Brink
(DBN)

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Food/Beverage:

Snack maker Hearthside emerges from Chapter 11 as Maker’s Pride
(DBN)

The Montana Distillery files for bankruptcy
(DBN)

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Pharma:

Pharma tariff relief likely short-lived with sector-specific duties on the horizon
(DBN)

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Crypto:

FTX bankruptcy team rejects claims from non-compliant creditors amid KYC crackdown
(DBN)

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Economy:

US Firms Add 155,000 Jobs in ADP Data, More Than Forecast
(DBN)

Trump tariffs, falling business confidence may not affect hiring yet
(DBN)

Dollar Traders Prep for More Losses After 1.5% Slide in Currency
(DBN)

Tariffs Put Fed in Tough Spot, Raise Growth and Price Fears
(DBN)

Trump unveils sweeping 'Liberation Day' tariffs Donald Trump’s beautiful trade war Trump imposes 10 percent global tariffs; higher rate for ‘worst offenders’ Chart Trump’s ‘Liberation Day’ tariffs: Here’s how much countries are getting hit Trump’s massive tariffs, briefly explained Trump’s Tariff Broadside Sends Shockwaves Across Global Economy Trump takes the ultimate risk with the global economy World Leaders Are Furious at Trump After ‘Liberation Day’ Tariffs 5 takeaways from Trump’s major tariff announcement Trump gambles on tariffs as nation braces for economic fallout ‘We’re really not taking it anymore’: Trump levies tariffs he’s wanted since the 80s Bessent Urges Against Retaliation, Says ‘Wait and See’ on Talks EU, China and Canada warn U.S. of countermeasures, as trade war heats up ‘This Could Get Much Uglier’: The Fatal Flaw In Trump’s Trade War 5 big questions about Trump’s tariffs and how they might work Trump’s ‘Reciprocal’ Tariff Formula Is All About Trade Deficits Trump slaps at least 10% tariffs on almost all imports in ‘Declaration of Economic Independence’: ‘Half of what they are charging us’ White House factors 'currency manipulation' into tariffs Trump raises a wall of tariffs against the world Whoops! Trump Slaps Tariffs on Uninhabited Islands Trump imposes new tariffs on cheap Chinese goods sold by companies like Temu and Shein Tariff Loophole That Helped Temu, Shein Will Close May 2 Trump Pressures ‘Friend’ Modi With High Tariff Rate on India EU Vows to Respond With Countermeasures to Trump’s 20% Tariffs Singapore Won’t Retaliate Against US Tariffs, Seeks Engagement Thailand Wants US Talks, Is Ready to Reduce Trade Surplus Hedge Funds Braced for Trump Tariffs With Historic March Selloff Fear Grips Markets as Trump Tariffs Raise Risks to Global Growth Trump Targets African Kingdom With Highest Tariff in the World Sweeping US tariffs hit some tiny targets around the world Trump Tariffs Are ‘Disaster’ for the World’s Poorest Countries Trump’s Tariff Tsunami Against Asia Snares Samsung and Nike
(DBN)

Trump Tariffs Could Cost Average American Household $4,200 a Year Jeffries hammers Trump: It’s ‘recession day,’ not ‘liberation day’ Trump tariffs would hit lower-income Americans hardest Trump's day of clarity, but without the clarity Trump administration puts 25% tariff on all canned beer imports, empty aluminum cans Canada Issues Series of 'Liberation Day' Warnings to Donald Trump Senate Democrats to force vote to block Canada tariffs Trump pressures Senate Republicans to oppose resolution that would nullify Canada tariffs Trump presses McConnell, other 'disloyal' Senate Republicans on Canada tariffs Trump Rages at ‘Unbelievably Disloyal’ GOP Senators in Late-Night Rant: ‘What Is Wrong With Them? Canada Ready to Hit US With Retaliatory Tariffs China Restricts Companies From Investing in US as Tensions Rise Trump Approval Rating Tracker: Most Americans Reject Tariffs In ‘Liberation Day’ Poll Trump's new tariffs are poised to hit an already-battered economy Tariffs are a terrible policy. The uncertainty around them is even worse Are tariffs a bad idea? Yes and no. Counting the potential toll of Trump's tariffs on major Asian economies How Trump’s Tariffs Will Impact Consumers Trump’s tariff ambiguity leaves gadget makers in limbo: ‘I’m going to run out of appliances’ Trump tariffs anxiety hits peak in global economy as Chinese freight market crashes
(DBN)

Republicans Are Losing Faith in Trump Rescuing the Economy
(DBN)

A third global recession in 20 years looms
(DBN)

Senate Republicans set to bypass parliamentarian on Trump tax cuts
(DBN)

Blowing up the world trading system has consequences that the President isn’t advertising.
(DBN)

Summers Says Trump Tariffs to Impose Oil-Shock Type Economic Hit
(DBN)

White House promises to show its work on 3% GDP growth
(DBN)

Trump says his tariffs could bring in trillions. Economists disagree
(DBN)

Maersk Says US Trade Volumes Grew Last Quarter Despite Turmoil
(DBN)

Outside a Social Security office, fear, lines and misinformation
(DBN)

Work/Life Balance: Why You Should Work Like It’s the ’90s
(DBN)

The new workplace trade-off: Employers are offering ‘recharge days’ to soften the blow of return to office
(DBN)

Senate Unveils Plan to Fast-Track Tax Cuts, Debt Ceiling Hike
(DBN)

Bessent: US on Debt-Ceiling 'Warning Track' for May or June
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Boomers Are Buying More Homes Than Any Other Generation
(DBN)

Map Reveals Top 10 States With Most Unsellable Condos
(DBN)

Texas and Florida Homes Are Selling Below Asking Price
(DBN)

Home Insurance Providers Have Dropped 1 in 4 US Homeowners
(DBN)

Florida Insurance Company To Pay Back $30 Million After Fraud Claims
(DBN)

Ron DeSantis Gives Update on Florida Dissolving Income, Property Tax
(DBN)

Hundreds of federal buildings, some of them historic, are on the auction block as part of DOGE’s effort to privatize everything
(DBN)

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Municipalities:

A federal judge is demanding a fix for L.A.'s broken homelessness system. Is receivership his next step?
(DBN)

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Politics:

Donald Trump's Approval Rating Hits Second Term Low
(DBN)

GOP Senator Warns Trump Tariffs Could Spell Electoral Disaster for Republicans
(DBN)

Trump forces GOP to swallow protectionist tariffs
(DBN)

The GOP's big voter problem
(DBN)

Elon Musk's Approval Rating Plunges to New Low
(DBN)

Elon Musk denies role in Trump administration is under pressure Elon Musk Slams 'Fake News' Claims He Is Stepping Down DOGE Government Role
(DBN)

The MAGA Backlash Arrives Musk said Wisconsin would decide the fate of Western civilization. Now he says he ‘expected to lose.’ Wisconsin’s Message for Trump Elon Musk Goes Bust Rattled Trump Says Elon Musk Is on the Way Out What Susan Crawford's Wisconsin Supreme Court Win Means for Democrats Why Wisconsin’s turnout suggests serious trouble for the GOP right now Elon Musk Under Pressure to Wrap Up DOGE After GOP Wisconsin Blowout Donald Trump Gives Update on Elon Musk DOGE Departure: Report Elon Musk dramatically steps down from DOGE in shock move after Trump expressed private doubts
(DBN)

DOGE Wins Control of $500M Building in Washington, DC
(DBN)

DOGE’s claimed contract savings of $24.8 billion are ‘overstated,’ Bank of America says
(DBN)

DeSantis slams GOP winner in Florida special election: ‘He’s a squish’
(DBN)

Trump has gone too far — and Americans are noticing
(DBN)

Trump Justice officials demanded charges for Hillary, Biden for classified docs scandals. They’re silent on SignalGate Waltz’s team set up at least 20 Signal group chats for crises across the world ‘Sloppy, reckless’: Waltz use of Signal, Gmail revives concerns about White House communications
(DBN)

McMorrow Enters Michigan Senate Race, Targets Working Class
(DBN)

Truth Social filing would allow Trump's trust to sell up to $2.3 billion in stock
(DBN)

Eric Trump says he moved to crypto after family business became ‘most canceled company’
(DBN)

Mike Johnson scraps his whole week after brutal defeat
(DBN)

Cory Booker's epic Senate speech puts Democrats back in the spotlight No bathroom breaks: How Booker accomplished record Senate speech Frank Luntz: Booker marathon speech ‘may have changed the course of political history’ Cory Booker Reminds Democrats What Fighting Back Looks Like
(DBN)

Trump Attempting to Be an ‘Emperor,’ Chile President Boric Says
(DBN)

The hidden religious divide erupting into politics
(DBN)

A Senate Blockbuster Looms in Texas, as Paxton Prepares to Challenge Cornyn Ken Paxton stops short of officially declaring candidacy against John Cornyn
(DBN)

Where the right’s defense of free speech ends
(DBN)

California lawmakers reject bills to ban trans athletes' participation in girls sports
(DBN)

Biden Super-Loyalist Ron Klain Stabs Him in the Back: Couldn’t Even ‘Grasp’ Trump’s Arguments at Debate Klain: Biden’s senior team isolated him ahead of disastrous June debate
(DBN)

House proxy-voting mess threatens to jam up the GOP agenda Speaker Johnson scrambles for solutions to parental proxy voting impasse Sean Duffy’s daughter lays into Luna proxy voting push: ‘Feel free to resign’
(DBN)

Political pendulum swings back toward Democrats
(DBN)

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Celebs:

Shilo Sanders Faces Near 6-Figure Trouble as New Twist Emerges in Bankruptcy Case Amid Mom Pilar's Support $56 billion company coming after Colorado's Shilo Sanders for abusing NIL deal ahead of 2025 NFL draft
(DBN)

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Footwear:

Sneaker Companies Plunge as Trump’s Tariffs Shock Supply Chains
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Minority bankruptcy filers less likely to get debt forgiven, study finds
(DBN)

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Bankruptcy Research:

The Economic Impact of Insolvency Reforms Around the World
(DBN)

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SCOTUS:

Supreme Court Largely Backs Biden-Era FDA on Flavored Vapes
(DBN)

Supreme Court appears divided over whether states can cut off Planned Parenthood funding
(DBN)

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Mass Torts:

J&J is back on the legal warpath after striking out in baby powder bankruptcy
(DBN)

Why are clergy sex abuse investigations stalled in NJ and around US? There’s a ‘playbook’
(DBN)

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Aviation:

Boeing CEO Admits Company Made 'Serious Missteps In Recent Years'
(DBN)

Passengers end up in Texas instead of Tokyo after spending about 12 hours in the air on diverted flight
(DBN)

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Consultants:

Deloitte is the biggest loser so far in DOGE's consulting crackdown
(DBN)

____________

Tech:

Amazon submits bid for TikTok as ban deadline nears
(DBN)

Microsoft Pulls Back on Data Centers From Chicago to Jakarta
(DBN)

Apple Production Hubs Hit by Tariffs, Sending Shares Plummeting
(DBN)

France Eyes US Big Tech in EU Retaliation to Trump’s Tariffs
(DBN)

____________

Autos:

After going bankrupt, Calif.-founded EV maker to dump assets for cheap
(DBN)

Tesla Sales Drop to Lowest Since 2022 Amid Musk Backlash Tesla’s sales plummet 13 percent as Musk backlash grows Tesla Sales Worst in Years as Americans Turn on Elon Musk Tesla Results Prove to Be ‘a Disaster on Every Metric’ for Elon Musk Tesla Stock Turns Higher on Report That Musk Will Step Away From Government Role
(DBN)

Trump’s 25% US Auto Import Tariff Takes Effect, Raising Costs
(DBN)

Auto giants surprisingly resilient as U.S. tariffs spare Canada and Mexico
(DBN)

VW of America to add import fee to window sticker on new vehicles Volkswagen Plans Price Hikes Following Trump’s Auto Tariffs
(DBN)

Kia CEO Looks to Europe as Trump’s Tariffs Cloud US Outlook
(DBN)

The Hidden Loser in Trump’s Auto Tariffs: Domestic EV Manufacturing
(DBN)

Tariff-wary buyers scoop up cars before 'storm' hits prices
(DBN)

These Cars—Chevrolet, Ford, Jeep And More—May Be More Expensive As Trump’s Auto Tariffs Take Effect Today
(DBN)

Federal Funding Cuts Set to Slow Spread of EV Chargers, CEO Says
(DBN)

China's EV battery titan is coming for Europe
(DBN)

____________

Education:

Several Colorado students' visas revoked, universities say
(DBN)

Trump crackdown casts chill over international student programs
(DBN)

Mahmoud Khalil’s case to remain in New Jersey after judge denies US government’s bid to move it
(DBN)

Summers Blasts Trump Threat to Harvard Funds as ‘Authoritarian’
(DBN)

____________

Retailing:

Why Time Ran Out for Forever 21 in the U.S.
(DBN)

Macy's executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses
(DBN)

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Nursing Homes:

Elder care giant Pacifica Senior Living files for Chapter 7 bankruptcy
(DBN)

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Theme Parks:

Gulf World’s parent company has its first bankruptcy hearing
(DBN)

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Fraud:

Serial Illinois Fraudster Disbarred And Sentenced To Prison
(DBN)

A new bill would give prosecutors 10 years to bring fraud charges over a pandemic program that paid pop stars millions
(DBN)

____________

UK:

Trump Tariffs Leave UK Economy Uncertain
(DBN)

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EU:

Trump will ‘buckle under pressure’ if Europe bands together over tariffs, German economy minister says
(DBN)

Lagarde Says EU Must Embrace Majority Voting Over Veto Power
(DBN)

Denmark, Netherlands React to Trump's DEI Ultimatum
(DBN)

EU Eyes Emergency Plans to Shield Economy From Trump Tariffs
(DBN)

EU citizens must now apply and pay a fee to enter the UK
(DBN)

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Canada:

US Senate Opposes Tariffs on Canada in Rare Split From Trump Senate Republicans buck Trump, join Dems in rejecting Canada tariffs 4 GOP senators vote with Democrats to undo Trump tariffs on Canada McConnell on vote to undo Trump tariffs against Canada: ‘We need to reinforce our allies’
(DBN)

Canada Plots Energy Escape Route from Trump’s America
(DBN)

Ontario’s Ford Pushes for Canada-US Trade Deal Without Mexico
(DBN)

Canadian snowbirds are selling their U.S. homes
(DBN)

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MENA:

US Builds Up Forces in Middle East in Warning to Iran Satellite images show at least six stealth B-2 bombers stationed at Diego Garcia Iran Warns Trump US Has No "Military Option" On Nuclear Program Iraqi Militia Warns Over U.S.-Iran War: "Ignite the Entire Region" Trump seriously considering Iran's offer of indirect nuclear talks
(DBN)

Israel ‘Carving’ New Corridor in South Gaza, Netanyahu Says
(DBN)

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Russia:

Donald Trump Faces Grim Reality of Russia-Ukraine War
(DBN)

Guess What Country Trump Left Off His List of Tariffs
(DBN)

Russia Could Face 500% Uranium, Oil Tariffs Under GOP-Backed Proposal
(DBN)

____________

China:

US Tariffs Seen as Far Worse Shock to China Than First Trade War
(DBN)

China Vows Retaliation as Trump Unleashes ‘Bazooka’ US Tariffs
(DBN)

Oil Traders Shun China-Made Ships for US Flows on Trump Levies
(DBN)

US Bans Staff in China From Romantic Ties With Citizens
(DBN)

China Restricts Companies From Investing in US as Tensions Rise
(DBN)

____________

Germany:

The risk of insolvency was the highest in the transport and logistics sector in 2024
(DBN)

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