August 15, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Cadwalader Corporate Leader, 40-Year Vet Flees for McDermott
(DBN)

In Trump’s $940 Million Deals With Firms, the Jury Is Still Out
(DBN)

DOJ Alleges Puerto Rico Ex-Governor’s Lawyers Fabricated Quotes
(DBN)

DOJ Lawyers Show Strain in Seeking Delays for Trump EO Cases
(DBN)

Willkie Farr & Gallagher LLP Faces Internal Strife Amid San Francisco Lawyers’ Departure Over Trump Talks
(DBN)

Private Equity and Litigation Funders Fuel Transformation in Legal Industry’s Back-Office Operations
(DBN)

Law Firms Grapple with Budget Constraints Amid Rising Client Demands for Cybersecurity Improvements
(DBN)

Addressing Student Debt: A Crucial Step for Law Firm Leaders to Secure the Future of Their Workforce
(DBN)

California Bar Splinters on Bar Exam’s Future as Deadline Looms
(DBN)

Law schools scramble to react to shifts in financial aid rules
(DBN)

Willkie Farr & Gallagher Adapts to Market Shifts with San Francisco Staff Cuts and Retention Bonuses
(DBN)

New Ranking Names 55 Client Service Trailblazers
(DBN)

New York’s ‘Clock Should Stop Act’ Could Ensure Safety Measures For Future Bar Exams
(DBN)

Politician Calls On New York Bar To Reform ‘Disorganized, Delayed’ Emergency Response
(DBN)

Trump wants to use traffic stops to target undocumented immigrants Huge new immigration detention facility in Texas faces setbacksFamily speaks out after teen with disability is mistakenly detained by federal agentsMan accused of hurling sandwich at federal agent in D.C. hit with felony assault chargeHundreds push back on ban preventing lawful immigrants access to services like Head StartDeSantis announces plans for second immigration detention facility in north FloridaGreen Card Holder Detained in Texas Begs ICE to Deport HimGreen Card Holders Prosecuted for Employing Undocumented ImmigrantsWife Says ICE Denied Husband Medical CareNearly 30 people taken by feds in Los Angeles on TuesdaySandwich thrower fired by DOJ after arrest for assaulting officer in D.C.Judge temporarily blocks Medicaid data sharing with ICE officials Noem claims 1.6M immigrants without legal status have left USBorder Patrol chief crashes Newsom's rollout of California redistricting campaignEnvelopes with white powder found in New York federal ICE facility
(DBN)

Trump’s Revenge Campaign Has a Weakness
(DBN)

DOJ’s Growing War on ‘Illegal DEI’ Adds Risk to Corporate Hiring
(DBN)

Trump’s Unusual Criminal Chief Pick Benefits from West Wing Ties
(DBN)

Judge denies Jan. 6 defendant's request for restitution refund after Trump pardon
(DBN)

Lawyers beg judge not to accept 'unconstitutional' DOJ moves to keep Alina Habba in power
(DBN)

Gabbard goes after Clapper, declassifying emails on Russia hacking report
(DBN)

Trial over California National Guard LA deployment concludes
(DBN)

Hunter Biden Reacts to Melania Trump's $1B Epstein Defamation ThreatMelania Trump demands Hunter Biden retract comments linking her to EpsteinHunter Biden Shares Choice Words With Lawyer Threatening Billion-Dollar Defamation Suit For Melania Trump
(DBN)

Thieves stole millions in a string of armored car heists, Philadelphia police say
(DBN)

Failed New Mexico candidate gets 80 years in prison for shootings at officials' homes
(DBN)

The Battle to Define Luigi Mangione Takes Center Stage
(DBN)

U.S. sanctions drug cartel associates accused of scamming Americans
(DBN)

'Give me your Stanley': Mom allegedly assaults girl with metal water bottle at school
(DBN)

Man shot ex-girlfriend's 7-year-old son, believing she 'had another man' in her car: Cops
(DBN)

Suspect Charged in Trudy Appleby Disappearance After 29 Years
(DBN)

Man caught on camera spiking co-worker's Cokes with Gorilla super glue pleads guilty
(DBN)

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Judges:

Bankruptcy Judge Michael A. Fagone New Chief Judge of the First Circuit Bankruptcy Appellate Panel
(DBN)

Court clerk staffers in New Orleans dig through landfill to find wrongly tossed court records
(DBN)

Trump nominates federal prosecutor to 7th Circuit Court of AppealsTrump Nominates Former Scalia and Kavanaugh Clerk to Seventh Circuit, Strengthening Conservative Federal Judiciary
(DBN)

Russian Hackers Lurked in US Courts for Years, Took Sealed Files
(DBN)

A judge who struck down a $72 million verdict against Boeing after trading company stock was removed from the case
(DBN)

Justice Kavanaugh just revealed an unfortunate truth about the Supreme Court
(DBN)

Foreign Actor’s Hack of Court System Risks Law Enforcement Data
(DBN)

Trump Appellate Court Pick Didn’t Seek Out Delaware Seat
(DBN)

Judge swipes at Trump's 'detention roulette' and 'masked' agents at immigration hearings
(DBN)

Federal judge declares Education Department’s attempt to bar diversity programs unlawful
(DBN)

Judge startled by 'basic loophole' Trump created to justify 'unlawful' firing
(DBN)

'I'm here all day': Judge grills DOJ on extraordinary suit against whole district court
(DBN)

Court Lets Trump Block Billions of Dollars in Foreign Aid
(DBN)

DOJ Reacts After Major Legal Blow by Trump-Appointed Judge
(DBN)

Appeals panel declines Louisiana’s invitation to gut Voting Rights Act
(DBN)

Supreme Court Will Let Mississippi Require Age Verification For Social Media—For Now
(DBN)

Federal judge blocks Trump administration’s broad birth control mandate exemptions
(DBN)

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Wall Street:

Dow futures jump 300 points as Wall Street heads for winning week
(DBN)

World shares mostly gain after uptick in inflation pulls US stocks lower
(DBN)

Goldman Sachs says the risk of stock-market decline has suddenly spiked
(DBN)

Americans’ 401(k)s Are More Tied to Stocks Than Ever
(DBN)

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Layoffs:

Ohio Enacts Mini-WARN Statute
(DBN)

John Deere laying off more than 800 people at East Moline facilityIllinois Reports Mass Layoffs at John Deere — Company Pushes Back
(DBN)

St. Cloud-based CentraCare laying off 535 employees amid rising health care costs
(DBN)

Oracle cutting 161 jobs amid AI investment push
(DBN)

Miller Industries laying off 150 workers
(DBN)

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Transit:

From E-Bikes to Scooters, Roads Are Getting More Crowded and Confusing
(DBN)

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Food/Beverage:

Noodles & Company accelerates closure of underperforming restaurants
(DBN)

Beyond Meat Heads for Chapter 11 BankruptcyBeyond Meat Chapter 11 bankruptcy protection: Why plant-based meat company is facing troublesBeyond Meat Denies Filing For Bankruptcy In New Statement
(DBN)

Whiskey Maker Honoring an Enslaved Distiller Is in a Fiscal Bind
(DBN)

McDonald's and Wendy's report breakfast sales are down. Here's what that says about the economy.
(DBN)

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Tech:

Supreme Court allows Miss. social media law requiring age verification for children
(DBN)

Intel stock climbs 7% on report Trump administration is considering stake
(DBN)

Half of journalists use generative AI, new survey shows
(DBN)

Workers are leaning on AI for career advice. Pitfalls are emerging.
(DBN)

AI will augment high-skilled jobs but hit clerical work hardest
(DBN)

AI launches across the government
(DBN)

AI Isn't Replacing Leading Doctors—It's Making Them Better
(DBN)

Meta’s AI Rules Have Let Bots Hold ‘Sensual’ Chats With Kids, Offer False Medical Info
(DBN)

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Religion:

Why a ‘Paleo-Confederate’ Pastor Is on the Rise
(DBN)

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Crypto:

A GENIUS Act Gameplan: Strategic Paths for Payment Stablecoin Issuers
(DBN)

The GENIUS Act and law of unintended consequences: Are stablecoin issuers going to be boxed out of bankruptcy?
(DBN)

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Comic Books:

Diamond Comics Bankruptcy Hearing On August 18th, Calls Witnesses
(DBN)

Ad Hoc Publishers Cite Precedents in Diamond Comics Bankruptcy Battle
(DBN)

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Economy:

Trump Rate Hopes Burned as New Inflation Data Comes in Hot
(DBN)

Fed's Barkin Says Consumer Spending May Have Improved
(DBN)

The US economy's key weak spots in five charts
(DBN)

Trump is tightening the screws on corporate America — and CEOs are staying mum
(DBN)

Veggie-flation strikes, with a warning for grocery prices
(DBN)

One Inflation Gauge Just Rose at the Fastest Rate in Three Years Producer prices rise as high tariff costs trickle through supply chains Wholesale prices rose 0.9% in July, much more than expected U.S. producer prices surge in July as Trump tariffs push costs higherSurging goods, services prices boost US producer inflation Why hotter-than-expected wholesale prices make the Fed’s September rate cut decision harderWholesale prices post biggest surge in three years, PPI shows, in sign of tariff-related inflation
(DBN)

‘My Goodness!!’ CNBC Anchor Flips Out Over ‘WHOPPINGLY Big’ Inflation Number Amid Trump Moves
(DBN)

Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut
(DBN)

How Trump’s tariffs could actually workPandora CEO Warns US Consumers ‘Will Foot the Bill’ for TariffsCustomers look set to bear the tariff cost burdenTariff-driven price hikes may be hidden by products stuck in ‘the middle mile’India's Modi vows to protect farmers, cuts tax, pushes self-reliance amid Trump tariff tensionsBolton: Trump tariffs may push India closer to Russia, China Companies like Nike have lost billions to Trump tariffs — and Americans are paying for itU.S. Tariff Enforcement Measures to Challenge Canadian and EU Businesses Amid Trade TensionsChina’s economy slows sharply as trade war bitesPrice War Hits to China Corporate Profits Confirm Investor FearsModi Slams ‘Economic Selfishness’ in Defiance of US TariffsTrump's Tariff 'Chaos' Impacting Economy: Kitty Richards
(DBN)

US weekly jobless claims fall amid low layoffs
(DBN)

Trump's BLS Pick Fuels Fears of Rigged CPI, Social Security COLA Cuts
(DBN)

The CEO in chief: How Trump is getting what he wants from big business
(DBN)

RTO made its biggest post-pandemic comeback in July
(DBN)

Microsoft eyes remote work crackdown, office return could be imminent
(DBN)

Veterans may be denied food stamps under Trump’s new tax law
(DBN)

Electricity prices are surging, opening up a new line of attacks against RepublicansWhy Electricity Inflation Is the Next Big Economic Story
(DBN)

Trump says Social Security is stronger, but signs of trouble at the agency mountTrump claims credit for fixing Social Security as it barrels to insolvency
(DBN)

This Florida woman, 78, was living in her car — as more seniors in the Sunshine State suddenly face homelessness
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Map Shows Home Prices Are Falling in Over a Third of Locations Nationwide
(DBN)

Map Shows Urban Areas Where Home Prices Are Increasing Most
(DBN)

Foreclosures rocket by 32% in Las Vegas
(DBN)

Just 3 companies control 19,000 homes in metro Atlanta — why it’s ‘unlike anything we’ve ever seen’ in the US
(DBN)

Florida Insurers Celebrate Record Profits as Premiums Surge for Residents
(DBN)

What Falling Mortgage Rates Mean for American Homebuyers
(DBN)

As Natural Disasters Become More Costly, Homeowners Foot the Bill
(DBN)

Lawsuit-riddled HOA conflict takes new turn — to U.S. bankruptcy court
(DBN)

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Municipalities:

White House Fires Another Member of Puerto Rico Oversight Board
(DBN)

Orange looks to become more business-friendly after bankruptcy forecast report
(DBN)

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Sweepstakes:

Publishers Clearing House Bankruptcy Leaves Sweeps Winners Out to DryFormer Publishers Clearing House Winners Face Uncertainty After Bankruptcy
(DBN)

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Insurance:

Vesttoo creditors' liquidating trustee accuses McKinsey of 'gross negligence' in advisory role
(DBN)

Aon says Vesttoo bankruptcy suit alleging CPI product fraud is 'perverse' attempt to shift blame
(DBN)

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Politics:

California Democrats set to announce redistricting effort to counter Texas GOPHow Newsom’s Retaliation Against Texas Redistricting Could Backfire
(DBN)

Trump Claims He’s The Highest Polling Republican President In History—Here’s Where He Actually Stands
(DBN)

Trump’s Approval Ratings Show His 2024 Coalition Is Cracking
(DBN)

Trump rating on honesty, trustworthiness at new second-term low: Survey
(DBN)

Trump Privately Dismissed Epstein Victims as ‘Democrats’ Jeffrey Epstein battle set to reignite in Congress
(DBN)

Six months into his presidency, Donald Trump has created a police state
(DBN)

Abolish the Senate. End the Electoral College. Pack the Court.
(DBN)

Federal agents in Trump's crime crackdown set up checkpoint in popular D.C. nightlife areaTrump Wants to ‘Take Back’ D.C., but the Federal Government Already Controls Much of ItTrump Cops Heckled Off Street In DC Amid TakeoverNational Guard ramps up DC presence amid signs of tension over Trump takeover Bondi names DEA head as DC’s ‘emergency police commissioner,’ but capital leaders push back D.C. AG: Bondi naming DEA chief emergency police commissioner "unlawful"White House: Bondi has "officially ENDED" D.C. sanctuary policiesWhat federal agents can and can't do in Trump's D.C. crackdownDC police to increase cooperation with immigration enforcement amid Trump crackdown GOP relishes forcing Dem votes on extending Trump DC police power
(DBN)

Will Trump’s DC Takeover Happen In Other Cities? Here’s What He Legally Can—And Can’t—Do
(DBN)

Trump wants to 'unleash’ the US housing market — and is throwing support behind MTG's big plan for real estate
(DBN)

The Dangers of America’s Gerrymandering Problem—And How to Fix It
(DBN)

The ‘kingmaker’: Trump relishes his diplomacy as he jockeys for Nobel prize
(DBN)

White House Scrambles to Explain Why Trump’s New Stats Boss Was at the Capitol on Jan. 6 Trump Bureau of Labor Statistics nominee was a 'bystander' on Jan. 6, White House saysTrump Stats Boss’ Jan. 6 Excuse Crumbles
(DBN)

Pentagon clarifies Secretary Hegseth's repost on women's right to vote
(DBN)

RFK Jr. Awkwardly Hauls Dr. Oz Up a Cliff in Bonkers MAHA Stunt
(DBN)

Homeless people in detention camps? Fears grow about Trump and the Olympics
(DBN)

Trump's 'safe and beautiful' move against DC homeless camps looks like ugliness to those targeted
(DBN)

‘A Politics of No Translation.’ Zohran Mamdani on His Unlikely Rise
(DBN)

MAGA Senator Gives Unhinged Reason for Not Wearing a Seatbelt in D.C.
(DBN)

The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.
(DBN)

Texas Dems set plan to end 2-week walkoutObama praises Texas Democrats amid redistricting furorTexas Democrats open door to returning under ‘two critical conditions’
(DBN)

Staff Mutiny Forces Pub to Turn Away JD Vance
(DBN)

Proposed bill in New York would limit political activity for tax-exempt nonprofits
(DBN)

Luna says lawmakers have evidence of ‘interdimensional beings’
(DBN)

GOP populists plot to repeatedly bypass Mike Johnson
(DBN)

____________

Healthcare:

National health care provider files for Chapter 11 bankruptcy
(DBN)

Experts say rural emergency rooms are increasingly run without doctors
(DBN)

City Council Votes for Resolution to Support Southern California Hospital Workers While Bankruptcy Proceeds
(DBN)

Sticker shock is coming for employer health plans in 2026. Here's why.
(DBN)

CDC shooting marks latest in a string of hostility directed at health workers. Many aren’t surprised
(DBN)

HHS revives childhood vaccine safety panel RFK-backed antivax group sought
(DBN)

RFK Jr.’s MAHA agenda is gaining ground across the nation
(DBN)

Trump’s chief intervened to save RFK Jr.’s top vaccine aide
(DBN)

____________

Student Debt:

More student-loan borrowers are falling behind on payments — and their paychecks are at risk
(DBN)

____________

Wind Energy:

TPI boss: how Trump and China drove wind blade giant to bankruptcy courtTPI Composites, Inc. Advances Chapter 11 Process with Court Approval of First-Day MotionsTPI Composites Skyrockets 85.58%—Is Bankruptcy Filing a Lifeline or a Death Knell?
(DBN)

____________

Celebs:

Dr. Phil’s bankrupt company wants court to rebuke creditors’ ‘personal attacks’
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (47 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

The Polsinelli|TrBk Distress Indices
(DBN)

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Litigation Finance:

Federal Judge Nullifies $2.3 Million Litigation Funding Deal in Bankruptcy Case of GLS Capital
(DBN)

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Safe Harbors:

Bankruptcy's Demise: The Flawed Safe Harbor
(DBN)

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Miscellaneous:

Massive Bellyflop
(DBN)

Dolphins in Court, Vegas on the Edge, and the Mailman
(DBN)

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Executory Contracts:

A Refresher On Executory Contract Rejection Under § 365 (In re Dandurand)
(DBN)

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Injunctions:

Impact on Bankruptcy Injunctions Following Supreme Court’s Trump v. CASA Decision
(DBN)

____________

Mass Torts:

Alex Jones’ Infowars Assets to Be Taken Over by ReceiverAlex Jones’ Infowars to go on sale again to pay Sandy Hook familiesTexas judge rules that Alex Jones' Infowars will be put up for sale once again
(DBN)

____________

Corporate Governance:

Elon Musk called on corporations to leave Delaware. Delaware says it's doing just fine.
(DBN)

____________

Examiners:

Here’s why an examiner was called in to look at Heller’s bankruptcy caseMeet the examiner in Daryl Heller’s bankruptcy case
(DBN)

____________

Aviation:

How Spirit Airlines' Problems Could Affect Your FlightsSpirit Airlines CEO Breaks Silence on Company's Struggles
(DBN)

The Azul Paradox: Reporting Million-Dollar Profits While Under Bankruptcy Protection
(DBN)

Air Canada to cancel most of its 700 flights by Friday as strike loomsAir Canada Warns of Chaos as Labor Impasse Cancels Flights
(DBN)

Flight diverted due to passenger waving skateboard and shouting slurs
(DBN)

Trump Hands Elon Musk Big Win With New Order
(DBN)

California rejects Elon Musk’s rocket-launch proposal
(DBN)

____________

Education:

Trump Appointee Demands Physical Punishments for Schoolkids: ‘We Gotta Get the Paddle Back’
(DBN)

Schools brace for MAHA changes to lunches
(DBN)

California school’s board resigns after audit shows $180M in wrongly received funds, wasteful spending and nepotism
(DBN)

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Climate:

Why a landmark ruling from the world’s top court puts financial markets on notice
(DBN)

Floods and landslides in Indian Kashmir kill 60, over 100 missing
(DBN)

Duffy says climate science will ‘move aside,’ with NASA only focusing on space exploration
(DBN)

Humans may have ‘locked in’ drought-inducing climate pattern: Study
(DBN)

____________

Fraud:

US charges two in $275 million water vending machine Ponzi case
(DBN)

The USPS warns Americans of new ‘brushing’ scam, says to treat personal info 'like cash' — here's what to know
(DBN)

TSA just issued a security warning to Americans about ‘juice jacking’ in airports
(DBN)

Former Nashville car dealer convicted of $26M fraud scheme
(DBN)

____________

UK:

Thames Water bankruptcy fears mount as bailout rumors swirl
(DBN)

Carzam creditors still owed almost £20m as liquidators probe failed online used car dealer
(DBN)

UK economy grew more than expected in Q2
(DBN)

Fast fashion retailer Shein's UK sales surged to $2.8 billion in 2024
(DBN)

____________

EU:

Germany’s Merz strikes sharp tone with Europe as he cozies up to Trump
(DBN)

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Austria:

Companies paying high price as Austrian insolvencies continue to rise
(DBN)

____________

Russia:

Exposing the Cracks at the Heart of Putin’s War Economy
(DBN)

Putin praises Trump's 'energetic and sincere' peace efforts ahead of Alaska summitThis Is the Propaganda Barrage Putin Will Use to Snow TrumpTrump and Putin Have Different Ideas of Success at Alaska SummitTrump and Putin’s history of misleading on Ukraine, US elections: 7 examples before Alaska summitWhy Putin Thinks Russia Has the Upper HandNothing is off the table as Trump and Putin set to meetMore than half of Americans lack faith in Trump on Russia-Ukraine war, poll findsFive things at stake in Trump and Putin’s high-level talksEven before Alaska summit, Putin is redrawing global order to his likingTrump’s friendly-to-frustrated relationship with Putin takes the spotlight at the Alaska summitRussia Seeks to Add Trade and Arms Control Into Trump-Putin TalksHow Arctic Could Form Key Part of Ukraine Ceasefire TalksTrump says deal would come at trilateral summitTrump Says '25 Percent Chance' Putin Meeting Could FailNo matter its outcome, the meeting in Alaska will be a success for Vladimir Putin
(DBN)

Zelenskyy meets with UK leader Starmer as Europe braces for the Trump-Putin summit
(DBN)

Ukrainian defenses face a challenge as Russian troops make gains ahead of the Putin-Trump summit
(DBN)

U.K.'s Keir Starmer says Western allies must be prepared to step up pressure on Russia
(DBN)

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MENA:

Humanitarian groups urge Israel to stop 'weaponization' of aid in GazaMalnourished kids arrive daily at a Gaza hospital as Netanyahu denies hunger
(DBN)

Israel announces a settlement that critics say will effectively sever the West Bank in two
(DBN)

Germany tells Israeli government to stop West Bank settlement construction
(DBN)

Israel courts MAGA influencers amid Gaza backlash
(DBN)

With Arson and Land Grabs, Israeli Settler Attacks in West Bank Hit Record High
(DBN)

Israel's Smotrich announces settlement plan to 'bury' idea of Palestinian state
(DBN)

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Venezuela:

The Venezuelan dictator’s days are numbered
(DBN)

____________

Australia:

High Court clarifies that corporate successor trustees do not owe fiduciary duties to predecessors: what it means for insolvency practitioners and trust creditors
(DBN)

____________

China:

China’s growth stumbles in July as retail sales, industrial output miss forecastsChina retail sales growth lower than expected in July China’s home prices continue slide as support measures fail to budge sentimentChina’s new home prices fall again but declines ease in major citiesChina’s Rare Lending Slump Feeds Worry on Economic Slowdown
(DBN)

____________

Japan:

Japan’s economy expands more than expected in second quarter as exports remain resilient
(DBN)

Rice prices have skyrocketed in Japan — and farmers warn ‘everyone who eats’ that disaster could be near
(DBN)

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South Africa:

Historic South African company shutting down after 120 years
(DBN)

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Netherlands:

More pieces of struggling 213-year-old Dutch shoe brand declared bankrupt
(DBN)

____________

India:

IBC Amendment Bill brings in essential reform to speed up insolvency resolution
(DBN)

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