April 9, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Which firms, legal groups, law profs signed briefs supporting Perkins Coie in challenge to punitive Trump order? Sparring With Ethics Guru Stephen Gillers On The Paul Weiss Trump Deal Democrats press law firms on deals with Trump Jenner, Wilmer Seek to Kill Trump Orders Targeting Firms Five Factors GCs Must Weigh in Firing Trump Big Law Targets Cadwalader Is Trump Target as Firm Talks White House Deal Donald Trump Is Trying To Shakedown Cadwalader Former National Security Officials Take Aim At Trump’s Biglaw Executive Orders In Amicus Brief Biglaw’s Craven Capitulation To Trump Now Under Congressional Scrutiny Skadden Dumps Employee Affinity Groups After Deal With Trump I Quit Skadden When It Gave Trump the Wheel to Steer Pro Bono Trump Gets Millions in Pro Bono Work, But Details Still Fuzzy Trump Says He'll Enlist Big Law Dealmakers for Coal, Tariffs
(DBN)

Clifford Chance expands US Restructuring & Insolvency practice with new partner David M. Feldman in global leadership role
(DBN)

Leading Bankruptcy Lawyer Uzzi Raanan Lands at Greenberg Glusker After Twenty-Five Years at Danning Gill
(DBN)

Harvard Law, Duke University fall out of top 5 in latest US News law school rankings Are The U.S. News Law School Rankings ‘So Arbitrary’ That They’ve Become Meaningless?
(DBN)

Florida Ends Outside Counsel Engagements with Firms Running DEI
(DBN)

This Biglaw Firm Rebounded Big Time Last Year
(DBN)

Ditching The Pitch: The Key To Success In Legal Business Development
(DBN)

After Texas chief justice criticizes ABA, state supreme court reconsiders ABA accreditation for law schools
(DBN)

IRS reaches data-sharing deal with DHS to help find undocumented immigrants for deportation IRS Will Share Immigrant Tax Data to Build Criminal Cases Head of IRS to resign in protest as agency inks deal to share tax data on illegal immigrants with DHS ACLU files suit to block Alien Enemies Act deportations Trump’s policies leave Cuban migrants in US in legal limbo About 90% of Migrants Sent to Salvador Lacked US Criminal Record US Scraps Migrant Status Under Biden App, Plans $998 Daily Fines With secret moves against international students, feds spread fear
(DBN)

Many lawyers who argue for Trump at Supreme Court are heading for the exit
(DBN)

Accused Trump assassin asks Judge Cannon to suppress key witness
(DBN)

Man accused of 'desiring violence' against Trump and other federal officials
(DBN)

DOJ planned to send US marshals to ex-employee’s home over Mel Gibson discussion
(DBN)

CBS rubbishes Trump effort to avoid discovery in lawsuit over Kamala Harris interview
(DBN)

Cop-biting charges dismissed against NYC Council member
(DBN)

U.S. Death Penalty Has (Shrinking) Majority Support
(DBN)

Are Embryos Property? Human Life? Neither?
(DBN)

Inside the fanatical Reddit world — complete with cakes, cross-stitch and fan fiction — devoted to alleged killer Luigi Mangione
(DBN)

Michigan city threatens residents with defamation lawsuits over ‘statements that have caused harm’
(DBN)

'Uh-huh … McGriddle': Man fearing break-in says 911 dispatcher was ordering McDonald's
(DBN)

Fake rabbi who allegedly feigned illness gets prison for sexually abusing adopted sons
(DBN)

Over $220K raised for 17-year-old who allegedly killed teen at track meet during fight
(DBN)

Woman wanted her Tinder hookup to kill her cop ex-boyfriend and his daughter: Police
(DBN)

Mom claimed she was en route to get baby during DUI stop as cops found infant in car: Cops
(DBN)

A timeline of the legal battle over the mistaken deportation of a Maryland father to El Salvador
(DBN)

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Judges:

DOJ Bankruptcy Unit Subpoenas Ex-Court Staff for Bankruptcy Judge Romance Trial
(DBN)

Supreme Court Lets Trump Fire Federal Employees Supreme Court Backs Trump for Now on Federal Worker Firings Nonprofits that challenged mass firings didn’t have standing, Supreme Court says while staying rehiring order
(DBN)

Supreme Court Affirms Due Process Rights For Deportees… Wink, Wink! The Disturbing Myopia of Trump v. J.G.G.
(DBN)

‘An extraordinary threat to the rule of law’: Justice Sotomayor excoriates ‘inexplicable’ decision to side with Trump admin in high-profile deportation case
(DBN)

Trump admin asks SCOTUS to vacate order directing return of dad deported in 'error'
(DBN)

Justice Barrett has set a new judicial ethics standard — and it’s about time Barrett joins liberal dissent questioning SCOTUS venue decision that ends case before judge deemed ‘lunatic’ by Trump Conservatives fume over Amy Coney Barrett siding with liberal justices — again
(DBN)

Judge Orders White House to Restore Associated Press Access Trump-appointed judge sides with Associated Press and orders White House to restore access
(DBN)

Improve Your Health—With Help From a Well-Known Federal Judge
(DBN)

Man looking to 'give his life a purpose' admits assassination attempt on Justice Kavanaugh
(DBN)

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Wall Street:

Dow futures tumble more than 800 points as China hits back at Trump’s tariffs
(DBN)

Dow tumbles more than 300 points Tuesday as tariff-induced sell-off resumes
(DBN)

European Stocks Resume Selloff as Trump’s Tariffs Go Into Effect
(DBN)

Wild stock swings magnified by headline bots, strained liquidity
(DBN)

GOP mood grows darker on Trump tariffs as markets give up their gains
(DBN)

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Layoffs:

USDA to slash headquarters, other staff and relocate some to new 'hubs' around the country
(DBN)

Fannie Mae fires more than 100 employees for unethical conduct, including the facilitation of fraud
(DBN)

Bessent: Federal layoffs will help fill factory jobs created by Trump tariffs
(DBN)

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Nursing Homes:

Judge strikes down controversial Biden mandate to increase nursing home staffing
(DBN)

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Banking:

FDIC to ease banks' living will rules, acting chair says
(DBN)

U.S. financial regulator says email hack exposed sensitive data on banks
(DBN)

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Healthcare:

$9M needed in funding to keep Crozer Health System open, owners say Prospect will begin closing Crozer Health if Pa. does not provide $9 million Crozer Health closing could begin Thursday unless Prospect gets more money Prospect demands $9 million for Crozer hospitals, or says it will start closing them Thursday
(DBN)

Texas measles outbreak cases surpass 500
(DBN)

Abortion is back at SCOTUS — and this time the case could destroy Medicaid
(DBN)

How The Pending Supreme Court Decision On Preventive Care Could Affect The Healthcare Industry
(DBN)

AI, Algorithm-Based Health Insurer Denials Pose New Legal Threat
(DBN)

Pentagon Welcomes Back Troops Ousted Over Covid Vaccine Refusal
(DBN)

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Tech:

A PC maker just paused US sales of some of its laptops, saying Trump's tariffs would mean selling them at a loss
(DBN)

Democrats demand information from Microsoft, Google on AI deals
(DBN)

Tech analyst responds to Trump wanting Apple to make iPhones in U.S.: ‘I don’t think that’s a thing’
(DBN)

Would You Pay $2,000 for an iPhone? How About $3,000?
(DBN)

Europe unveils plan to become ‘AI continent’ with simpler rules, more infrastructure
(DBN)

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Tourism:

Make America Hated Again
(DBN)

World Travelers Are Rethinking Vacation Plans to the US
(DBN)

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Economy:

Trump and Powell spar anew in major Fed test
(DBN)

Fed’s Daly Says Policy Is in Good Place During Trade Uncertainty
(DBN)

US Small-Business Optimism Declines by Most Since Mid-2022
(DBN)

'Unmanageable debt' plaguing Americans with high stress and high bills
(DBN)

Dalio Sees Once-a-Lifetime Collapse in Economic, Political Order
(DBN)

Summers Warns US Likely Headed to Recession, 2 Million Jobless
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

Trump tariffs conjure specter of Smoot-Hawley Act, a Depression-era blunder Trump Tariffs Take Effect Hiking Trade Levies to a 100-Year High Trump trade policy ‘nonsensical’: Scaramucci Wilbur Ross: Tariffs are ‘typical Trump’ high-risk, high-reward play White House insists Trump won’t budge on 104 percent China tariff Trump’s sweeping tariff plan kicks in as China hit with 104% levy China hits back at Donald Trump with 84% retaliatory tariff on US goods GOP lawmakers fear China looms as obstacle to Trump’s trade vision Trump Weighed Even Bigger Tariffs in Push by Trade Adviser Musk Calls Navarro a ‘Moron’ as Trump Tariff Spat Gets Messy Musk calls Navarro ‘moron’ after ‘demonstrably false’ claims about Tesla Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day Why Elon Musk is breaking with Donald Trump over tariffs Trump has no idea what he has unleashed Trillions down the drain. Trump’s top trade adviser remains unbothered Grassley says Congress ‘delegated too much authority to the president’ on trade There are 'conflicting narratives' from the Trump administration about the point of tariffs, says White House official Trump’s refusal to blink on tariffs raises the risks of an ugly endgame Trump awaits 'call' from China, but aides say deal not likely before 104% tariffs hit Italy’s Meloni Set to Visit US Next Week to Press Trump on Trade Jon Stewart blasts Trump’s tariffs Senate Democrat Ron Wyden Says He’ll Force Vote on Repealing Trump Tariffs Levi Shrugs Off Impact of Trump’s Tariffs, Projects Growth Senate Republicans nudge Trump's trade chief for a tariff end game Ford CEO Jim Farley goes on Fox to get Trump's attention on tariff impact US trade official defends Trump’s tariffs, says almost 50 countries approached him to ‘explore how to achieve reciprocity’ Trump is trying to reinvent 1950 with his tariffs. He should be planning for 2050 People are using memes and old movie clips to make sense of Trump's tariffs Republican Senator Asks Who Is to Blame If Tariffs Don’t Pan Out Companies’ rush to promise new US factories threatened by Trump tariff chaos Viral AI video mocks idea of Americans working in factories as Trump promises to restore US manufacturing through tariffs US Tariffs Have Mixed Fiscal Impact, Will Not Solve Underlying Challenges Why Asia Was Hit Hardest by Trump’s Tariff Onslaught How the First Phase of the Trade War Ends 'World entering dangerous new era': Singapore PM warns of '1930s-style' fallout from Trump tariff
(DBN)

Americans Rush to Buy Olive Oil and iPhones Before Tariffs
(DBN)

The world suddenly has a plausible alternative to US treasuries
(DBN)

Investors flee to German bonds as Trump tariffs spark Treasury sell-off
(DBN)

If you think it’s alarming now, just wait for Trump to wreck the bond market
(DBN)

U.S. Treasury Yields Jump as Trump Tariffs Fuel Bond Selloff Bonds crater, 10-year yield spikes briefly above 4.5% in confounding move that’s worrying Wall Street
(DBN)

US Tariff Revenue Gains Seen as Undercut by Declining Trade Why Trump’s tariffs may do little to pay for tax cuts
(DBN)

Millionaire Tax Hike Divides Republicans in Trump Cut Debate
(DBN)

Major steel project in JD Vance’s hometown on a list of Trump cuts to manufacturing industry
(DBN)

House GOP leaders scramble to corral votes for Senate budget plan to advance Trump's agenda Growing opposition from House conservatives threatens to derail Trump’s agenda GOP Fractures Over How Much Debt to Run Up for Tax Cuts
(DBN)

Trump told Republican senators he’s open to raising taxes on highest earners
(DBN)

Fake job seekers are flooding U.S. companies that are hiring remote, tech CEOs say
(DBN)

Democrats unveil legislation raising federal minimum wage to $17 an hour
(DBN)

Goldman raises alarm over Laura Loomer’s influence after NSA firings
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

1st Look at Local Housing Markets in March
(DBN)

Leading Index for Commercial Real Estate Decreased 7% in March
(DBN)

Weekly mortgage demand jumped 20% last week, as tariff volatility briefly tanked rates
(DBN)

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Oil/Gas:

Texas Wildcatters Grow Impatient With Trump as Oil Prices Tank
(DBN)

Keystone oil pipeline 'bang' sparks chaos as huge oil spill rocks Fort Ransom
(DBN)

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Personal Genomics:

The brittleness of being: a reflection on 23andMe’s bankruptcy
(DBN)

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Politics:

Grassley says Congress ‘delegated too much authority to the president’ on ...
(DBN)

It falls to Congress to unravel Trump’s reckless tariff plan
(DBN)

Trump Woos Political Donors as Tariff Worries Rattle Republicans
(DBN)

7 GOP senators sign on to bill to check Trump’s trade authority
(DBN)

Republicans rattled by tariff troubles begin to push back on Trump
(DBN)

UAW Joins Critics Slamming RFK Jr.’s Cuts to Worker Safety Unit
(DBN)

Senate confirms Trump’s controversial pick for Pentagon No. 3 job
(DBN)

Air Force pulls back ban on personal pronouns in emails
(DBN)

DOGE policies, massive fumbles causing tech crashes across agencies
(DBN)

Usha Vance: My husband’s world can be very lonely
(DBN)

Texas Senator John Cornyn Gets Primary Challenge From Ken Paxton
(DBN)

Group calls on Bondi to investigate Ms. Rachel for Gaza-Israel groups
(DBN)

These MAGA influencers helped elect Trump. Tariffs have them questioning their faith
(DBN)

Kristi Noem Ripped For Photo Op Where She Points Gun Barrel At Officer’s Head: ‘Worst Possible Place to Point It’
(DBN)

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Tax:

'America Last' Corporate Tax Policies Can End With This Congress
(DBN)

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Entertainment:

Warner Bros. Objects to Loan, Sale Process for Bankrupt Studio
(DBN)

Redbox, Crackle And Other Chicken Soup For The Soul Entertainment Assets Set For Post-Bankruptcy Auction
(DBN)

____________

Hedge Funds:

Quant hedge fund Renaissance suffers steep losses in tariff tumult
(DBN)

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Gambling:

Man loses legal bid to cash in $59,500 in chips from now-defunct New Jersey casino
(DBN)

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Batteries:

Trump Tariffs Threaten Spread of Big Batteries on the Power Grid
(DBN)

____________

Pharma:

Trump Says Pharmaceutical Tariffs Coming ‘Very Shortly’
(DBN)

____________

Crypto:

WazirX Secures Creditor Approval for Restructuring Plan After $234 Million Hack 93% of WazirX Creditors Greenlight Post-Hack Recovery Plan
(DBN)

DOJ says it will pull back on litigating crypto fraud
(DBN)

____________

Audits:

US Auditors Risk Losing to AI by Ignoring Sustainability Data
(DBN)

____________

Paper Goods:

Paper Goods Maker for Trader Joe’s, Kroger Files Bankruptcy
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

2025-2028 Bankruptcy Events Calendar
(DBN)

Bankruptcy Statistics:

BK NV: Updated Las Vegas, Reno and Annual Bankruptcy Case Filing Statistics
(DBN)

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Corporate Governance:

Delaware's recent controversial corporate law changes face their first known challenge in court
(DBN)

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Automatic Stay:

New Ruling Reinforces Limits on Automatic Stay Waivers
(DBN)

____________

Sales:

Only The Debtor (Not The Chapter 12 Trustee) Can Sell Farm Assets Under § 1206 (In re Brilyea)
(DBN)

____________

Finance:

The Loan Market Response to Dropdown and Uptier Transactions
(DBN)

____________

Aviation:

Delta Pulls Outlook as Trump’s Trade War Squeezes Air Travel
(DBN)

Airlines’ Dreams of a Banner Year Are Over
(DBN)

Priority Pass to Offer More Sleep Pods and Spas as Airport Lounges Get Overcrowded
(DBN)

A man tried twice to open the doors of a plane in midair before being restrained by passengers and crew, police say
(DBN)

____________

Autos:

Tesla Sitting On Thousands Of Unsold Cybertrucks As It Stops Accepting Its Own Cars As Trade-Ins
(DBN)

Ford CEO Hints at Musk Support Amid Tariff Spat With Trump Aide
(DBN)

____________

Climate:

Trump signs executive order seeking to bolster US coal mining
(DBN)

USA having windiest spring in 50 years
(DBN)

____________

Retailing:

Retailer At Home in Talks to Potentially Hand Control to Lenders
(DBN)

Walmart pulls quarterly operating income forecast, citing Trump’s tariffs
(DBN)

Top US Retailers Balked at Challenging Trump Tariffs in Court
(DBN)

‘Shop in store only’: Joann issues warning of fake websites
(DBN)

150 Macy's Stores Are Closing. Here's the Full List So Far
(DBN)

____________

Coal:

Trump Signs Orders to Expand Coal Power, Invoking AI Boom
(DBN)

____________

Sovereigns:

UK bill aims to speed debt restructuring for poor countries
(DBN)

IMF Sees Requests From Africa Rising as Trump’s Policies Bite
(DBN)

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UK:

Leading Restructuring Practitioner Natasha Atkinson Joins Pillsbury’s London Office as Partner
(DBN)

Insolvency-related activity up by 23 per cent across Oxfordshire and region
(DBN)

Creditors set to miss out on almost £2.9m following agri-tech company’s pre-pack deal
(DBN)

Trump’s Tariffs Put UK Back on Course for May EU Reset Deal
(DBN)

London falls out of top five wealthiest cities as millionaires leave
(DBN)

____________

EU:

European Pharma Companies Warn of Exodus to US as Tariffs Loom
(DBN)

Trump Dismisses Last-Gasp EU Push to Stop Tariffs Kicking In
(DBN)

Top commander warns US troops should stay in Europe
(DBN)

____________

China:

US forges ahead with 104% tariffs on China, says willing to talk to other countries
(DBN)

Xi’s No. 2 Says China Is Equipped to Fight Trump’s Tariff Hikes
(DBN)

China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump
(DBN)

US Raises Charges on Small Parcels, Targeting Chinese Retailers
(DBN)

China Says It Has Ample Policy Tools to Offset External Impacts
(DBN)

China lashes out at JD Vance for comments about ‘Chinese peasants’
(DBN)

____________

Russia:

Kremlin Says Russia-US Talks Planned in Turkey on April 10
(DBN)

Zelensky warns 'many' China soldiers are on Russia frontlines as two captured in shock escalation
(DBN)

____________

MENA:

Israeli High Court Suspends Netanyahu’s Firing of Intelligence Chief
(DBN)

An Explosive Clock Is Ticking on Iran and Its Nuclear Program
(DBN)

US could be bombing Iran by weekend if Tehran doesn't fall in line
(DBN)

____________

India:

Byju’s founder files FIR against former resolution professional, EY, Glas Trust Byju Raveendran Files FIR Against EY Staff In Insolvency Case: 'Not A Flower, I Am The Fire'
(DBN)

Insolvency, Advocacy, and Beyond: A Conversation with Advocate Pranav Gupta
(DBN)

MCA considering an oversight body for lender committee functioning
(DBN)

Vijay Mallya takes a dig at resolutions under IBC; points out high haircuts taken by banks
(DBN)

India Tariff Strategy Is to Seek US Trade Deal, Jaishankar Says
(DBN)

____________

Fiji:

Final consultations underway to reform Fiji’s Bankruptcy Law
(DBN)

____________

South Korea:

South Korea Eyes ‘Big’ Trade Deal After Long Awaited Trump Call
(DBN)

South Korea Unveils $2 Billion in Aid for Tariff-Hit Auto Sector
(DBN)

____________

Thailand:

Thai Parliament Holds Urgent Debate as US Tariff Takes Effect
(DBN)

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Australia:

Australia Treasurer Calls Emergency Meeting on Trump Tariffs
(DBN)

____________

Japan:

Japan Sends Senior Officials to US to Prepare for Tariff Talks
(DBN)

____________

Venezuela:

Venezuela’s Maduro Signs Decree Declaring Economic Emergency
(DBN)

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