August 1, 2025

The Daily Bankruptcy News

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Law:

New York Firm Pays Summer Bonuses as Big Law Associates Wait Law Firm One-Ups The Competition With Even Bigger Summer Bonuses
(DBN)

BigLaw partner won’t charge his $3,250 hourly rate to defend New Jersey cities in Trump administration suits
(DBN)

The Staggering Salary At The Top Of The General Counsel Game
(DBN)

UK: Travers Smith, Mischcon, RPC and Shoosmiths lob grenade in City pay war
(DBN)

Suit by fired BigLaw associate alleges ‘egregious and open racism’ that included ‘white power’ comment
(DBN)

Partner investigated after being accused of sending unwanted dick pic
(DBN)

How Trump’s crackdown on law firms is undermining legal defenses for the vulnerable
(DBN)

Biglaw Leader Says There Were Almost No Merger-Related Departures Ahead Of Two Elite Firms Becoming One
(DBN)

The Best Law Schools For Minority Students (2025)
(DBN)

ABA Law School Accreditation Days May Be Numbered
(DBN)

Bar Exam Taker Suffers Apparent Heart Attack
(DBN)

Gimme An ‘A’! Gimme An ‘I’! What Does That Spell?
(DBN)

AI Legal Misinformation Is Hurting Injury and Bankruptcy Clients
(DBN)

Groups Using AI Tools Should Prep for Cybersecurity, Legal Risks
(DBN)

Lawyers face objections to multimillion-dollar fees after no-cash settlement
(DBN)

You Don’t Need To Be A Prompt Whisperer To Start Using AI
(DBN)

Alan Dershowitz Suing Pierogi Stand For Aggravated ‘No One Likes Me On Martha’s Vineyard’
(DBN)

Trump doubles down on claiming 'absolute immunity' from Central Park 5 defamation lawsuit
(DBN)

Trump regulatory czar Jeffrey Clark should be disbarred for role in 2020 election plot, disciplinary board rules'Send a message to the rest': Board recommends disbarment for Trump attorney Jeffrey Clark
(DBN)

ICE officers could face jail time under Mich. bill to ban masked police Woman Who Died of Heart Disease in ICE Custody Reportedly Told Son She Wasn't Allowed to See Doctor for Chest PainsICE raids leave abandoned pets and property in their wakeICE arrests Maine police officer, but his department claims DHS cleared him to serve
(DBN)

Claim: DOJ Hiding 4,725 Epstein Wire Transfers
(DBN)

Jan. 6 rioter gets Trump pardon thrown in face by judge, loses FOIA bid for cop records
(DBN)

DOJ Lawyers Face Bar Complaints Over Conduct in CFPB Case
(DBN)

The latest effort to toss Alina Habba draws on an unusual source: Aileen CannonDOJ declares Alina Habba situation is not at all like Jack Smith's invalidated appointment
(DBN)

What Exactly Is Going on With Candace Owens and Harvey Weinstein?
(DBN)

Kash Patel’s Girlfriend, 26, Denies MAGA Spy Accusations While Spilling on Their Relationship
(DBN)

Diddy ‘Freakoff’ Case Takes Unexpected Constitutional Turn
(DBN)

Judge dismisses Alec Baldwin lawsuit claiming malicious prosecution in fatal set shooting
(DBN)

Arkansas teacher charged with killing couple who were hiking in Devil’s Den with their kids
(DBN)

Mom brought kids to safety before she and husband stabbed to death on trail: Police
(DBN)

Man allegedly held woman captive for months and transported her around in a trash can
(DBN)

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Judges:

Appellate judges question Trump’s authority to impose tariffs without CongressUS appeals court scrutinizes Trump's use of tariffs as trade deadline loomsAppellate judges deeply perplexed by 'unusual' Trump justification for unilateral tariffs
(DBN)

Judges overseeing Trump cases speak out against threatsTrump Funding Case Judge Says Threats ‘Shook’ Faith in System
(DBN)

Fired immigration judges prepare to take on Trump’s Justice Department
(DBN)

Performative Judicial Complaint? Meet Freedom Of Information Act.
(DBN)

Kavanaugh Defends Court Silence on Explaining Trump Orders
(DBN)

Trump-appointed district judge relies on SCOTUS 'shadow docket' ruling
(DBN)

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Wall Street:

S&P 500 futures slip as traders await big jobs report
(DBN)

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Pharma:

Trump Demands US Drug Price Cuts, Sending Pharma Shares Slumping
(DBN)

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Layoffs:

Merck will lay off 6,000
(DBN)

The 10 jobs least and most threatened by AI
(DBN)

The federal government is paying more than 154,000 people not to work
(DBN)

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Autos:

Tesla Autopilot plaintiffs seek $345 million in damages over fatal crash in Florida
(DBN)

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Economy:

The Fed thinks the economy is just fine, and won't budge on inflation risksTrump lashes out at Powell over rate decision with stream of insults
(DBN)

Inflation rises, affirming Fed decision to hold benchmark rate steady
(DBN)

July Employment Preview
(DBN)

Personal Income Increased 0.3% in June; Spending Increased 0.3%
(DBN)

Weekly Initial Unemployment Claims Increase to 218,000
(DBN)

Trump unveils tariff rates set to take effect next week Trump Tariff Blitz Unleashes Delayed Shock to Global EconomyTrump Boosts Tariffs Across World, Reshaping Global CommerceTrump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods Trump’s 40% Penalty for Tariff Dodging Missing Key Details With New 40% Tariff, Trump Takes Aim at U.S. Dependence on China’s Factories With tariff deadline one day out, wholesalers, distributors prepare to take biggest hit in economy The global economy holds its breath as Donald Trump’s (new) trade war begins TACO? Trump Announces He’s Backing Off August 1 Tariff Deadline With MexicoUS enters 90-day negotiating period with Mexico as 25% tariffs stay in place European Union assumes its faces 15% tariffs in the US from Friday. But a key text still isn’t readyPakistan and US reach a trade agreement to develop oil reserves and reduce tariffsTrump: Canada backing Palestinian statehood makes any trade deal "very hard"Trump Raises Tariffs on Canada to 35%, Keeps USMCA Exemption Stanley Black & Decker to raise tool pricesUS unveils details for 50% copper tariffTariff turmoil: How global CEOs are shifting gearsSwitzerland Slammed With 39% Tariff Rate in US Trade Blitz Watches of Switzerland Slumps After Trump’s 39% Tariff Salvo

(DBN)

Trump claims the economy, for better or worse
(DBN)

Treasury Secretary Bessent under fire over Social Security comments
(DBN)

Employers’ emphasis on skilled trades lost on Gen Z: Harris poll
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac House Price Index Declined in June; Punta Gorda, Florida has passed Austin as the worst performing city
(DBN)

PCE Measure of Shelter Unchanged at 4.1% YoY in June
(DBN)

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Municipalities:

Chester retirees say city receiver engaged in ‘flawed process’Chester receiver moving forward with requests for proposals for water asset monetization
(DBN)

Chicago's pension crisis is heading for a Detroit-style collapse
(DBN)

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Oil/Gas:

FCI Sand Filed for Bankruptcy Amid Liquidity Crunch and Lender Disputes
(DBN)

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Politics:

How people weaponize state systems: ‘We file liens that crush their credit’
(DBN)

Epstein’s Crimes, Sleazy Banks, and the Trump Conspiracy to Cover It UpVirginia Giuffre’s family expresses shock over Trump saying Epstein ‘stole’ her‘Epstein files should be released’: Trump’s UK ally Nigel Farage says US prez ‘in conflict’ with MAGATrump says he doesn't know why Epstein took young women from Mar-a-Lago
(DBN)

Democrats Regain Advantage in Party Affiliation
(DBN)

Fewer Americans see discrimination as anti-DEI push gains traction, AP-NORC poll shows
(DBN)

‘She had reasonable doubt:’ Why Kamala Harris isn't running for governor
(DBN)

County Emergency Official Says He Was Ill and Sleeping as Texas Floods Hit
(DBN)

White House Unveils Plans for $200 Million East Wing Ballroom
(DBN)

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Solar:

Sunnova Receives Court Approval for Sale TransactionHouston's Sunnova Energy to sell assets in $118M bankruptcy deal.
(DBN)

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Education:

Giant Montessori School Chain Files For Bankruptcy
(DBN)

UCLA to lose some of its federal research funding
(DBN)

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Climate:

NYC braces for severe flooding, up to 5 inches of rain
(DBN)

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Comic Books:

Alliance Claims Diamond Bankruptcy Auction "Rigged From The Beginning"
(DBN)

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Assisted Living:

Genesis HealthCare declares bankruptcy, prompting concerns of 'instability' at its NH nursing homesIn spite of bankruptcy, operations continue at Genesis nursing homes in the Upper Valley
(DBN)

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Footwear:

Children’s Shoe Retailer Amiga Shoes In Liquidation Mode
(DBN)

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Food/Beverage:

Chicken chain facing bankruptcy and complete shutdown as it waits for verdict on remaining locations
(DBN)

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New Bankruptcy Opinions
(7 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 (11 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy Filings Rise 11.5 Percent Over Previous Year
(DBN)

Bankruptcy Cases Filed, Terminated, and Pending—During the 12-Month Periods Ending June 30, 2024 and 2025Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the 12-Month Period Ending June 30, 2025 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the One-Month Periods Ending April 30, May 31, and June 30, 2025, Based on Data Current as of June 30, 2025 Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code—During the Three-Month Period Ending June 30, 2025Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County—During the 12-Month Period Ending June 30, 2025
(DBN)

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Subchapter V:

Protecting Creditors in Subchapter V Bankruptcies
(DBN)

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Mass Torts:

Uber’s Legal Duty to Riders at Forefront of Mass Assault Cases
(DBN)

Local man waits for Big Pharma to ‘fork up’ opioid bankruptcy money as governments rake in billions
(DBN)

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Aviation:

Turbulence forces Delta flight to land and sends 25 passengers to hospitals, airline says
(DBN)

Flight attendants on Alaska Airlines door plug flight sue Boeing
(DBN)

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Healthcare:

Former Texas hospital CEO, owner charged with $16M wire fraud
(DBN)

Why Today’s Young Adults Are 4 Times More Likely To Have Rectal Cancer
(DBN)

Canada aggressively poaching American doctors, nurses, health professionals
(DBN)

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Tech:

AIs gave scarily specific self-harm advice to users expressing suicidal intent, researchers find
(DBN)

A.I. Researchers Are Negotiating $250 Million Pay Packages. Just Like N.B.A. Stars.
(DBN)

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Hotels:

Hotels: Occupancy Rate Decreased 0.7% Year-over-year; Weak Summer Continues
(DBN)

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UK:

Killjoys remove Insolvency Service leader from stage
(DBN)

Moore Kingston Smith acquires insolvency firm
(DBN)

Economic confidence hits all time low
(DBN)

Major healthcare equipment firm on brink of failure
(DBN)

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MENA:

Anger Over Starvation in Gaza Leaves Israel Increasingly Isolated
(DBN)

With growing urgency, more US Jews urge Israel to ensure ample food deliveries to Gaza
(DBN)

Republican infighting expands to an unusual place: IsraelGaza starvation widens MAGA's rupture with Israel
(DBN)

Trump envoy arrives in Israel as Gaza death toll rises for Palestinians seeking aid
(DBN)

Inside Hamas's Scheme To Steal Aid, Fund Terror, and Fool the World
(DBN)

Health care system in Gaza 'systematically taken apart,' US doctor says
(DBN)

____________

Germany:

How an LGBTQ+ cafe’s neon sign became a beacon for hate in Berlin
(DBN)

A New Satanic Neo-Nazi Group Is Recruiting Children as Young as 12
(DBN)

____________

Russia:

Ukraine’s Parliament approves law restoring independence of anti-graft watchdogs following backlash
(DBN)

Russia launches 6,400 drones, missiles into Ukraine in record-breaking month
(DBN)

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India:

Is India ‘B-ready’ in insolvency?
(DBN)

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China:

China's small workshops are hurting. Trump's tariffs are only one reason.
(DBN)

China factory activity shrinks in July, S&P index dips below 50 mark
(DBN)

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