August 11, 2025

The Daily Bankruptcy News

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Law:

Elite Law Firm Wows Associates With Market-Beating Summer Bonuses
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Milbank Rolls Out $25,000 Summer Bonuses for Associates
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Bonuses Are A Nice Little Treat For Law Firm Associates
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The Blickstein COO Study Reflects Continued Lawyer Hubris, Arrogance, Independence — And Dread
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NY Attorney’s Fake AI Citations Result in Warning, No Sanctions
(DBN)

Miss Your First Bite At Getting Paid To Take The Bar? Don’t Miss Out This Time!
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Partner At Top Biglaw Firm Reportedly Dies By Suicide
(DBN)

The ‘Slide Into Her DMs’ Rule Of Service For Civ Pro Buffs
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DOJ Has Lost So Many Lawyers It Might Not Have Enough Left To Help Trump Destroy America
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Law School Admission Council Accused Of Running A $30 Million ‘Pay-To-Play’ Racket
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Trump’s legal retribution tour is getting more blatant
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NY Law Schools See New Interest in Immigration Classes, Clinics
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Defense lawyers for needy clients feel squeeze after federal funds dry up
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DOJ Opens Investigation Into NY AG James Over Trump SuiTrump Owes $500 Million For His New York Fraud Case — Now His DOJ Is Investigating The Attorney Generalt
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2nd Circuit rejects Trump request to put taxpayers on the hook in E. Jean Carroll case
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Trump asks SCOTUS to allow profiling in California ICE raids Companies aiding Trump’s immigration crackdown see ‘extraordinary’ revenues IRS, White House clashed over immigrants’ data before tax chief was oustedIRS Chief Forced Out After Immigrant Tax Data Pushback—Report An Afghan interpreter evaded death during the war but met a grim fate in TexasGonzales says there ‘possibly’ needs to be limits on detaining childrenICE-Raid Tagalong Dr. Phil Declares He’s Not Qualified to Talk About PoliticsMan Applying for Green Card Detained by ICE After Decades in USGreen Card Applicants' Kids May Lose Legal Status After Trump Admin MoveMom in Green Card Process Detained by ICE After 25 Years in USGreen-Card Applicants Face Major Change After Court RulingMexican Official Who Praised Trump's Deportations Has Visa Revoked
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JD Vance Claims Indictments Are Coming in Trump’s Favorite Scandal
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Alan Dershowitz Still Can’t Buy Any Pierogi
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Police officer dead after ‘antivax’ shooter targets CDC headquartersCDC shooter believed Covid vaccine made him suicidal, his father tells policeFriday’s attack on the CDC offices was targeted and deliberate, CDC leaders tell staffersCDC union demands Trump officials condemn disinformation after shooting‘I’m Actually Surprised It Didn’t Happen Sooner’
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Three injured in shooting near Times Square in New York
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Evil mum jailed for ‘stealing’ son’s blood to treat brother and sister’s fake illnesses in campaign of ‘heinous’ abuse
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Mother tortured her 3 children, faked medical diagnoses and stole Medicaid funds
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Mom killed 'fussy' toddler after child 'hurt' her feelings, told son he 'can't tell': Cops
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Business owner shot 18 times when she grabbed a gun to defend herself
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Man killed bus passenger who bumped into him and refused to say 'excuse me'
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New Noise Cameras Pit Drivers of Fast Cars Against Their Neighbors
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Man murdered and dismembered ex, then asked Google for help disposing of her body: Police
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Charges laid after auto shop owner goes ‘Batman’ on Milwaukee wheel thieves, hiding GPS trackers on his rims
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Judges:

Trump’s birthright citizenship order faces more bans than before Supreme Court ruling
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PACER Gets Pwned: Hackers Breach Dinosaur Filing SystemFederal Courts Said to Suffer Hack Similar to Earlier Breach
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Supreme Court approval rating reaches low point, while local courts get average grades
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Reassigning Judicial Law Clerks Is A Band-Aid Over A Bullet Hole
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Trump files emergency demand at SCOTUS to stop judge's 'potential contempt trap'
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The legal battle over Trump’s use of the National Guard moves to a California courtroom
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Trump Issues Warning to Courts That Attempt To Block Tariffs Policy
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Minnesota mother remains in ICE custody despite judge's release order
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‘The courts are helpless’: Inside the Trump administration’s steady erosion of judicial power
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US Court Ends Contempt Proceeding in Trump Deportations Case'Clear abuse of discretion': Trump-appointed judges just took 'drastic' measure to nuke a court's criminal contempt threat against the administration
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Judge weighs Trump administration’s request to end protections for immigrant children
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Judge sarcastically blocks Trump admin from cutting domestic violence prevention funds
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DC Circuit shreds Trump admin for concealing spending data, demands that it be made public
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Controversial New Federal Judge’s Biglaw Roots
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Wall Street:

Stock futures tick higher ahead of key inflation data expected this week
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Layoffs:

A machine took my tech job, so I became blue collar
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Cannabis:

Trump Weighs Reclassifying Marijuana as Less Dangerous Drug
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Food/Beverage:

Restaurants are under threat as costs skyrocket and consumers cut backRestaurant chains feel the pinch as US consumers tighten their belts
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Beyond Meat is headed to Chapter 11 bankruptcy
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Thrifty Ice Cream is making a comeback after Rite Aid's collapse
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Why Red Lobster Went Bankrupt (No, It Wasn't The Endless Shrimp Campaign)
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Red states lead push for MAHA soda bans
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Trump’s ‘no tax on tips’ raises worker questions: One bartender says it feels ‘too good to be true’
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Tech:

As electric bills rise, evidence mounts that data centers share blame. States feel pressure to act
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Goodbye, $165,000 Tech Jobs. Student Coders Seek Work at Chipotle.
(DBN)

Traders Are Fleeing Stocks Feared to Be Under Threat From AI
(DBN)

AI is coming for (some) finance jobs
(DBN)

AI is creating new billionaires at a record pace
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Mark Zuckerberg’s unbelievably bleak AI vision
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“I Am a Failure”: Google AI Develops Depression and Engineers Are Rushing To Cure It
(DBN)

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. governmentNvidia And AMD Slip In Premarket As Reports Say U.S. Will Take 15% Cut Of China AI Chip Sales
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Education:

Trump Administration Threatens to Seize Valuable Harvard Patents
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Trump Wants UCLA to Pay $1 Billion to Restore Research FundsNewsom blasts Trump’s $1 billion settlement proposal to UCLA as ‘extortion’
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Trump DOJ Asks to Dismiss Harvard Suit Over Foreign Students
(DBN)

Advocates fear Trump’s plans after directive for transparent college admissions data
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Princeton Eliminates Tuition for Families Making $250,000 a Year
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Florida’s universities face research overhaul courtesy of Trump and DeSantis
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Agribusiness:

Tariffs Are Starting to Squeeze Profits for Trump-Loving Farmers
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Travel:

Travel card benefits are ‘getting harder to maximize,’ analyst says
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Labels:

Label Maker Brook + Whittle in Talks With Lenders for Fresh Cash
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Economy:

US Inflation to Rise as Higher Tariffs Feed Through
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The 'Stealth Tax' Eroding Your Wallet
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GOP Congressman on Trump Tariffs: ‘Steel Prices Are Up’ but It’s ‘For the Good of the Country’
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CPI Preview
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Early Q3 GDP Tracking
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Trump's Fed pick has envisioned a major overhaul of the central bank
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Treasury yields fall as investors look ahead to key inflation data
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Trump promised lower grocery prices ‘on Day One.’ Here’s what happened
(DBN)

Fed’s Musalem Says Inflation Still a Bigger Problem Than Jobs
(DBN)

A top Federal Reserve official says dour jobs data backs the case for 3 rate cuts
(DBN)

What Happens When Politicians Meddle With Economic Data: Argentina’s Example
(DBN)

Whitmer told Trump in private that Michigan auto jobs depend on a tariff change of course Bessent Sees US Trade Talks Largely Done by October, Nikkei Says White House roils markets with giant tariff revisions Foreign governments bet big to lobby Trump on tariffs. Most came up empty. Donald Trump Puts AriZona's 99-Cent Iced Tea Under Threat How Switzerland’s Tariff Drama Swung From Hope to Despair Swiss Leaders Seek Roche, Novartis Talks Amid US TariffsSwiss watches keep ticking despite tariff challenges US, Japan Working to Announce Reciprocal Tariffs Won’t StackCarney Is Patching Up Ties With Mexico in Face of Trump ThreatsTaiwan is continuing tariff negotiations with US, cabinet official saysIndia estimates about 55% of goods exported to US will face Trump tariffIn India, Trump's tariffs spark calls to boycott American goodsU.S.-China high-stakes tariff truce extension hangs in the balance as deadline looms Trump urges China to quadruple soybean ordersTrump's China gamble
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America Is Making Billions From Catching 'Tariff Cheaters'
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Wall Street Is Divided Over Whether Immigration Is Behind US Hiring Slowdown
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CEO pessimism eases as tariff-induced worries decline: survey
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Why So Many Women Are Quitting the Workforce
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AAR: Rail Traffic in July: Intermodal and Carload Traffic Increased
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The U.S. economy depends on the rich. That could hurt the labor market
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Americans Are Confused About How Social Security Works: Poll
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US Debt Clock
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World Debt Clock
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Real Estate:

1st Look at Local Housing Markets in July
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Dallas Housing Market Turns, Number of Homes for Sale Go 'Through the Roof'
(DBN)

5 Best Cities Where You Can Buy A House For Under $200K In 2025
(DBN)

Lumber Prices Up 24% YoY
(DBN)

A Storm Is Brewing for Gen Z Homeowners
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The new American shopping mall is less Macy’s, more church, bowling, Barnes & Noble
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Trump suggests "MAGA" stock listing for mortgage giants Fannie, Freddie
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Politics:

The nation’s capital waits for Trump’s next move as a federal takeover threat loomsMap Shows How DC Crime Rates Compare to US States Trump to Crack Down on Homelessness in DC Crime Reduction PushTrump warns homeless to leave Washington, D.C., ‘immediately’ Trump wants to evict homeless from Washington and send them 'far from the capital'Trump ups rhetoric on D.C. crime and homelessness amid federal crackdown‘Disproportionate’ and ‘extreme’: DC officials protest Trump’s policing incursionFBI dispatching agents to D.C. streets as Trump weighs calling National Guard
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Trump moves Obama, Bush portraits to hidden stairwell
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Another megabill? Senate Republicans have their doubts.
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Ghislaine Maxwell’s Lawyer: “I Love Representing the Underdog” Feds Deploy Counterterrorism Teams to Texas Prison Camp Due to Death Threats Against Ghislaine MaxwellGhislaine Maxwell puts an uncomfortable spotlight on this prison camp town in TexasI heard Ghislaine tell inmate she had dirt on Trump: Sex trafficker's ex-cellmate gives extraordinary glimpse into Maxwell's life behind barsJ.D. Vance Tried to Cover Up Meeting on Epstein Cover-UpVance: ‘We know’ Epstein had ‘connections with left-wing’ politicians, billionaires
(DBN)

Trump Is Building a Maximalist Government
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The Chadha Presidency
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New chatbot on Trump’s Truth Social platform keeps contradicting him
(DBN)

The Permanent Stain: Trump's first year has been a triumph for autocracy in America. And it will last.
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President Midas’ Terrible Touch
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Trump to Announce Plan for Cutting Crime in Nation’s Capital
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‘She’s the one that matters’: the growing influence of Melania on Donald Trump
(DBN)

Illinois Gov. JB Pritzker blasts Abbott and Trump over GOP redistricting effortsDemocrats try to separate their tactical use of redistricting from that of RepublicansCornyn leans into Texas redistricting fight amid uphill reelection bid Kelly Ayotte rules out redistricting for New Hampshire7 states most likely to follow Texas in redistricting
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Trump Rattles Latin America by Weighing Using Military ForceMexico’s President Says U.S. Forces Are Unwelcome in Her Country
(DBN)

Laura Loomer knocks Medal of Honor recipient in new attack on ArmyLaura Loomer Stuns MAGA Vets With ‘Despicable’ Rant Against Medal of Honor Recipient
(DBN)

MTG Suffers Outburst Over Report Exposing Massive Wealth Jump
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Hegseth pushes video of pastors saying women shouldn't voteHegseth Posts Video of Pastor He Follows Calling for Gay Sex Ban
(DBN)

Democrats who exiled themselves from Texas miss return deadlineKen Paxton Waves His Bits Around Rural Illinois In Bizarre Attempt To Scare Democratic Legislators Back To Texas‘We are running from nothing’: Texas Democrats join California allies in SacramentoTexas AG Ken Paxton Files Lawsuit To Vacate Seats Of 13 Democrats Who Fled StateTexas Democrats Face Fines, Bribery Charges For Leaving State—Why Legal Experts Are Skeptical They’ll Be PunishedCan Gov. Abbott compel their return or remove them from office? And what the heck is a “quo warranto” action, anyway?Former attorney general says FBI can’t return Texas lawmakers who fled stateTexas Legislature to take another swing at redistricting vote as Democrats extend their walkoutCalifornia governor threatens "trigger" redistricting plan based on what Texas GOP decides
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Vance Faces Cold Reception as He Kicks Off ‘British MAGA Summer’
(DBN)

Trump executive order gives politicians control over all federal grants, alarming researchers
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Trump has been on a roll for the ages — but blowback could be looming
(DBN)

Trump team pushes to oust No. 2 official at world energy body
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Cuomo Calls on ‘Very Rich’ Mamdani to Move out of Rent-Stabilized Apartment
(DBN)

Trump and Republicans Have Finally Broken the Senate
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No, Good People Don't Still Support Him
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‘America should be more like New York’
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GOP mayoral candidate urges Trump to stay out of New York City race
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Oasis stars Liam and Noel Gallagher warned to 'keep quiet' about Donald Trump on US tour
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Gold plaque, Olympic medals and a jet: Here are the gifts Trump has accepted
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Retailing:

Claire's could close over 1,100 locations if a buyer isn't found soon: court recordsSome Claire’s, Icing stores set to close after bankruptcy filing: court docs
(DBN)

Gen AI is coming for online checkout in seismic shift for internet shopping
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Theme Parks:

Inside the Rescue of Four Dolphins from a Florida Marine Park
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Trucking:

Bankrupt hydrogen truck firm Nikola's H2 assets bought by 'trucking-as-a-service' firm at auction
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Personal Finance:

A Dave Ramsey Caller Wants To Evict His Own Mother. She's Not Paying Rent And Has Already Filed Bankruptcy 3 Times
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Climate:

Colorado prison evacuated as growing wildfire becomes one of the largest in state history
(DBN)

Milwaukee contends with flash flooding, state fair and airport affected, with more rain expected Sunday
(DBN)

Canyon Fire forces thousands to evacuate in LA, Ventura counties
(DBN)

California Breaks Near-100 Year Temperature Record
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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (27 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Mass Torts:

New Orleans church’s proposed settlement with abuse survivors lays out ‘point’ system
(DBN)

Judge Clears Path for New Orleans Archdiocese Abuse Settlement Vote in New Orleans
(DBN)

Archbishop Aymond could face questioning in archdiocese bankruptcyArchbishop Aymond’s testimony could play key role in Archdiocese bankruptcy trial
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Litigation Finance:

Litigation Funder Tried to Hijack Kandinsky Art Theft Suits, Collector Says
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UST:

Ousted DOJ Bankruptcy Chief’s Appeal Tests Trump’s Firing Power
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Aviation:

FAA proposes extending Newark airport flight cuts through October 2026
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Air Canada flight attendants organize national action to protest working conditions
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Trump says Qatari jet could be ready for use as Air Force One in 6 months. Experts are deeply skeptical
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Tourism:

Latest disturbing sign Las Vegas is dying amid soaring prices and Trump tourism boycottsSin City tourism slump signals wider economic slowdown
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Healthcare:

Tong should sue Prospect Medical
(DBN)

Pending New Agreement Means Crozer Patients Won’t Have to Pay for Medical Records
(DBN)

Ohio Removes Over 600,000 People From Health Care Plan
(DBN)

Medicare will test using AI to help decide whether patients get coverage — which could delay or deny care, critics warn
(DBN)

Ousted Vaccine Regulator Vinay Prasad to Return to FDALaura Loomer Blasts Return of FDA Vaccine Chief She Helped Force Out
(DBN)

Former Surgeon General on HHS canceling vaccine research: ‘Over 2 million lives have been saved because of mRNA technology’
(DBN)

RFK Jr.'s vaccine pullback stokes fears of lost medical breakthroughs
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UK:

‘I’m not a wet lettuce’: Trainee solicitor behind SQE petition hits back at Braverman’s ‘snowflake’ jibe
(DBN)

Danniella Westbrook makes bankruptcy statement: ‘Terrible with money’
(DBN)

Insolvency practice hires new director - will lead development of bankruptcy advice services
(DBN)

Listed construction companies have issued most profit warnings since pandemic
(DBN)

British Police Arrest Hundreds of Pro-Palestinian Protesters Who Defied Anti-Terror Law, Possible 14-Year Prison Terms
(DBN)

Foreign criminals to be deported immediately after sentencing
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London police arrest 466 people for backing banned Palestine Action group
(DBN)

JD Vance’s U.K. Vacation Home Owner Apologizes to Neighbors for ‘Circus’
(DBN)

Prince Andrew 'too terrified' for US return as book claims Queen 'knew what was going on'
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Canada:

Indigenous Group Wins Land Claim Over Slice of Metro Vancouver
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Russia:

Zelensky Rejects Ceding Territory to Russia After Trump Suggests a Land SwapZelensky: I’m ready to work with Trump but we won’t reward RussiaZelenskiy wins EU, NATO backing as he seeks place at table with Trump and PutinZelensky: We will not let Russia ‘deceive’ US
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Vance: ‘We’re done with the funding of the Ukraine war business’
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Kallas says any deal between US and Russia must include Ukraine and EU
(DBN)

Nordic Countries Send Message to Trump Over Ukraine Peace Deal
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Europe urges Trump to use sanctions pressure ahead of Putin summit
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Russia and Ukraine hold fast to their demands ahead of a planned Putin-Trump summit
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US and Russia Plan Truce to Cement Putin’s Gains in Ukraine
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Lindsey Graham says Russia and Ukraine would likely need to swap land in a ceasefire dealZelenskiy Rejects Ceding Land as European Leaders Back UkraineGraham: Putin ‘can’t tolerate’ going ‘after his customers’
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Europeans fear being a footnote in history as Putin looks to strike deal with Trump
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Vance says Ukraine peace deal unlikely to satisfy either side
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White House is considering inviting Zelenskyy to Alaska
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Trump Invites Putin to Step Foot in AmericaNATO secretary-general optimistic about Trump meeting with Putin
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Russians cheer Putin’s Alaska invitation, envision no concessions on UkraineWhat Vladimir Putin wants from Donald Trump at Alaska summit‘No arrests, no Europeans’: Why Trump and Putin will meet in AlaskaTrump-Putin talks are already a ‘triumph’ for Moscow, its economy and markets
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MENA:

Vance: US won’t follow UK in recognizing Palestinian state
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Australia to recognize Palestinian state, leaving US increasingly isolated among key allies
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Netanyahu says starvation claims in Gaza are exaggerated as he defends plans for new offensiveNetanyahu: Invading Gaza City is best way to end warIsrael faces growing condemnation over military expansion in GazaWhy Israel’s Planned Takeover of Gaza City Is a Mistake‘Not in our name’: Fury grows in Israel over Netanyahu’s defiant bid to ‘finish the job’ in GazaThousands of Israelis demand end to Netanyahu's war in Gaza after horrific takeover plansNetanyahu defends Gaza City plan as UN warns of ‘calamity’ and starvationEven Republicans have questions about Israel's plan to occupy Gaza City
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White House envoy Witkoff meets Qatari prime minister to discuss plan to end Gaza war
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Nearly 100 Children Dead From Malnutrition in Gaza—Health Ministry
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Hostage families call for nationwide strike as Israel prepares to escalate war
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Rooting out Hamas, getting aid to Gaza remain key White House goals, Vance says
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Germany to Halt Military Supplies to Israel for Gaza Attacks
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Ukraine:

Ukrainian Railways seeks intl legal advisor to restructure $1 bln+ external debt
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India:

IBBI suggests guidelines to avoid dual proceedings
(DBN)

Show all cards at the CIRP table
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India’s Modi Invites Russia’s Putin to Visit Amid US Tensions
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South Korea:

Yeochun NCC bankruptcy fears highlight wider petrochemical woes
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Asia:

Asian Firms Split on Insolvency Outlook
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Hong Kong:

Lawmaker urges oversight to prevent abuse of Insolvency Fund following restaurant crackdowns and high construction sector unemployment
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Taiwan:

Marcos says the Philippines will be pulled into any war over Taiwan, despite China's protest
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Venezuela:

Migrants returning to Venezuela face debt and harsh living conditions
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