August 19, 2025

The Daily Bankruptcy News

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Law:

What pro bono is BigLaw providing under Trump deals? Trade deals get help but not some conservative causes
(DBN)

Biglaw Firm Adds Onerous Billable Target That Has Everyone Freaking Out
(DBN)

Why Gen Z, Millennial Lawyers Are Leaving Big Law for Small Firms
(DBN)

Biglaw Firms Continue To Depend On Attendance Mandates, And Lawyers Who Don’t Abide Are Getting Punished
(DBN)

Major Law Firms Paul Weiss and Reed Smith Face SEC Whistleblower Accusations
(DBN)

Winning Isn’t Everything in Developing Your In-House Career
(DBN)

Georgia Judge Rules Burr & Forman LLP Must Face Allegations in Health Care Fraud Case
(DBN)

White & Case and Pachulski Stang Prevail in Legal Fee Dispute Over Boy Scouts Bankruptcy
(DBN)

Burford Capital seeks to buy equity stakes in US law firmsBurford Aims to Buy Stakes in US Law Firms, Rival Private Equity
(DBN)

Firm’s Failed Tech Venture Foretells Big Law’s AI Sales StruggleWhen a Law Firm’s Tech Venture Goes South, the Lawsuits Fly
(DBN)

How Trump’s Health Secretary Has Put Personal-Injury Lawyers Back in Play
(DBN)

Top Law Schools Boost AI Training as Legal Citation Errors Grow
(DBN)

Corporate Clients Are Pushing Back Even More On Biglaw’s High Rates
(DBN)

'This one hurts': Penn law school's move against DEI initiatives stuns alumni
(DBN)

China’s Hacking Operation Apparently Came For The LSAT
(DBN)

The California Bar Is At A Crossroads
(DBN)

Teaching How To ‘Think Like a Lawyer’ Revisited
(DBN)

Ex-Google exec says degrees in law and medicine are a waste of time because they take so long to complete that AI will catch up by graduation
(DBN)

Newsmax to Pay $67 Million to Settle Dominion Voting Case
(DBN)

ICE Uses Tear Gas at Car Wash'The cemetery of living men': Trump deportees tell of abuse in secretive mega-jailFull List of States Suing Trump Administration for ImmigrationGreen Card Holder Detained by ICE Says Food Not Fit for His DogGreen Card Holders Face US Citizenship Application Review ChangeTrump Administration Pulls Visas for 6,000 Students6-year-old girl taken by ICE during family's visit to immigration court in NYCTuberculosis Spawning in Crowded, Dirty ICE Detention CentersDoctors attempting to see ICE holding facility at 26 Federal Plaza are rejectedWashington Post report shows states will see vastly expanded ICE detention
(DBN)

Trump admin illegally withholding crime victim funds to punish 'sanctuary' states: Suit
(DBN)

Bondi Clashed With Ethics Officials Over Efforts to Keep Lavish Gifts
(DBN)

Pam Bondi Secretly Betrayed Matt Gaetz to Get Attorney General Gig
(DBN)

The Trump ally fighting for criminal investigations of Obama, Biden and Clinton
(DBN)

Trump uses FBI and Justice Department to escalate his long-standing feud with Adam Schiff
(DBN)

Jay Clayton Wins Approval to Stay as Manhattan US Attorney
(DBN)

2 officers killed and a 3rd is wounded in a Utah shooting, authorities say
(DBN)

US Deploys 4,000 Troops to Latin America in Anti-Cartel Push
(DBN)

Sinaloa cartel leader Ismael "El Mayo" Zambada set to plead guilty in drug trafficking case
(DBN)

Noem Speechwriter Said J6ers ‘Did Absolutely Nothing Wrong’
(DBN)

North Carolina neighbors report a noisy party — but instead of the owners, police found the ‘lawn guy’ hosting
(DBN)

Handwritten proof of Holocaust theft should compel Congress to act
(DBN)

Authorities investigating antisemitic flags outside a north Texas high school
(DBN)

New Bryan Kohberger Revelations in Unsealed Documents
(DBN)

'Something is not right': Mother has 'inconsistencies' in kidnapping case, officials say
(DBN)

Woman poured salt in engine, destroying ex's car 'beyond repair' after fight: Police
(DBN)

Argument over Trump leads to murder after victim spoke to killer 'like he was stupid'
(DBN)

Husband murders newlywed wife in Home Depot parking lot after annulment argument
(DBN)

Bill Barr deposition kicks off House GOP’s Epstein probeAs attorney general, William Barr personally investigated Jeffrey Epstein's death. Now Congress has questionsWhen Will Epstein Records Be Sent to House? Trump DOJ Provides an UpdateHouse Oversight Chair says Justice Department to start providing Epstein-related records on FridayRepublican Bid to Help Trump Move Past Epstein Falls Flat
(DBN)

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Judges:

Controversy Over Alleged Judicial Romantic Entanglement Sparks Scrutiny of Proposed Settlements in Texas Bankruptcy Cases
(DBN)

How the Supreme Court could wind up scrapping high-profile precedents in coming months
(DBN)

Who is Kathleen Williams, the Miami judge who could shut down Alligator Alcatraz?
(DBN)

Court ruling says Trump must treat children in ICE custody humanely
(DBN)

Cybersecurity Breach in U.S. Courts Raises Alarms Over Legal Data Security and Integrity
(DBN)

The judge who refuses to bend to Trump’s will: ‘We’ll do what’s right’
(DBN)

Breaking Down Who’s On Top At The Supreme Court
(DBN)

Barrett lauds ‘collegiality’ in legal field in rare public remarks
(DBN)

Former Highland Capital CEO Seeks Judge’s Recusal, Citing Her Novels as Evidence of Bias
(DBN)

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Wall Street:

Stock futures tick down as retail earnings roll in, traders await Powell speech
(DBN)

FINRA investigating B-D arm of Linqto, bankrupt pre-IPO trading platform
(DBN)

The Americans making millions buying shares like top politicians
(DBN)

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Layoffs:

 

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Healthcare:

Prospect Medical Sues Federal Agencies Claiming Bankruptcy Violation
(DBN)

For-profit firm named as first bidder for some Prospect hospitals in bankruptcy
(DBN)

Vaccine Panel Conflicts Hit Record Low Before RFK Jr. Headed HHSFDA's new expert panels are rife with financial conflicts and fringe views
(DBN)

Kennedy’s anti-vaccine strategy risks forcing shots off market, manufacturers warn
(DBN)

Texas Ends Measles Outbreak With No New Cases Since July
(DBN)

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Fraud:

Georgia firm that called itself part of the ‘patriot economy’ abruptly closes — and investors worry their money is gone
(DBN)

A businessman from upstate New York is accused of preying on his neighbors in a massive Ponzi scheme
(DBN)

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Utilities:

Thousands without power in Puerto Rico as Hurricane Erin pummels region
(DBN)

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Student Debt:

Trump releases new rules to limit a major student-loan forgiveness program for public servants
(DBN)

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Meme Stocks:

‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘pump and dump’ scams multiply
(DBN)


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Economy:

Wages aren't keeping up with inflation, with some jobs falling farther behind than others
(DBN)

Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks
(DBN)

What would happen if America started faking its economic data? Here’s what happened when other countries did it
(DBN)

San Francisco Fed Offers Up New Way to Monitor for US Recessions
(DBN)

Workers are ‘job hugging’ in a stagnant labor market, but growing resentment means they could bail as soon as the next Great Resignation comes
(DBN)

China, India Seek Better Ties as US Policies Add to UncertaintyChina Trade Deal Deadline Extended to Early NovemberTrump’s trade ‘deals’ are economically self-defeating and a geopolitical failureNavarro: India must stop buying Russian oilThe fading threat of new Trump oil sanctions
(DBN)

FMI says it’s concerned about tariffs’ impacts on grocery prices
(DBN)

Billions in Covid-era dollars still slated for small-business programs
(DBN)

Unlimited PTO was a popular post-pandemic perk. It's now evolving.
(DBN)

Back-to-office rates in America hit 5-year high — 75% of companies met attendance goals. But it could backfire
(DBN)

Number of Younger Mothers Set To Fall Dramatically Amid Population Fears
(DBN)

Inside the battle between the old guard and the upstarts for the future of the financial system
(DBN)

‘Quiet cracking’ is spreading in offices: Half of workers are at breaking point, and it’s costing companies $438 billion in productivity loss
(DBN)

Millennials' favorite companies are growing up or dying out
(DBN)

Paper résumés, trick questions, in-person job interviews: Hiring is going old school to escape AI slop
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US housing market now has 500K more sellers than buyers — and it’s leading to a shift in the balance of power
(DBN)

AZ couple bought a house to avoid a rent hike — and now regret
(DBN)

Zohran Mamdani vows to ‘take control’ back from bad landlords if he becomes NYC mayor and freeze rent for some
Mississippi becomes fourth state to send National Guard troops to DC in expanding federal crackdown
(DBN)

Man Losing Home Over Unpaid Water Bill—'I Didn't Know'
(DBN)

Flagstar takes aim at Joel Wiener’s portfolio management, valuations
(DBN)

China Live owner to file bankruptcy following judge's ruling over disputed rent payments
(DBN)

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Municipalities:

Tourism projects in Upper Kittitas County on hold amid Cle Elum bankruptcy concernsKittitas County Suspends Over $6.5 Million in Tourism Infrastructure Investments for Cle Elum, Seeking Legal Clarity Amid Bankruptcy Issues
(DBN)

Facing bankruptcy, will Isleton disincorporate? It hasn't ruled out ending cityhood
(DBN)

Bankruptcy: City of Orange Can’t Cut Its Way Out of ThisAn End to The ‘Orange Way’: Scrambling to Prevent Municipal Bankruptcy
(DBN)

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Oil/Gas:

Oil slips as Russia supply concerns ease after Trump-Putin meet
(DBN)

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Crypto:

GENIUS Act Revives Civil War-Era Banking Problem for States
(DBN)

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Politics:

Trump Floats Order to End Mail-In Ballots, Voting MachinesSchumer: Trump attack on mail-in voting ‘not based in fact or reality’Trump raises end to mail-in ballots after claiming Putin questioned their securityTrump Says Only U.S. Votes by Mail. Here Are the FactsMap Shows Countries With Mail-In Ballots As Trump Vows to Ban Voting Format
(DBN)

Trump's D.C. 'crisis' enters 2nd week with more soldiers — and no exit strategy Mississippi becomes fourth state to send National Guard troops to DC in expanding federal crackdownDC area restaurants lose patrons as Trump’s police takeover leads to drop in reservations Trump says it’s safe to go out to a restaurant again in DCHouse Democrat: DC ‘not the safest place in the world’Trump Admin Beats Hasty Retreat On DC Police Order
(DBN)

New Mexico’s governor called in the state’s National Guard to address crime issues. Here’s how they’re being used
(DBN)

Why crime is still Trump’s best issue
(DBN)

Is Donald Trump Anointed By God?
(DBN)

Meet the Democrat Who Republicans Fear in Red-State America
(DBN)

New Poll: Americans Say the U.S. Is in a Leadership Crisis
(DBN)

Trump killed affirmative action. His base might not like what comes next.
(DBN)

Texas Lawmakers Return to State as Redistricting Standoff EndsTexas House signals it will ‘move quickly’ on redistricting with Democrats back What to know about redistricting fights as Texas Democrats return and California starts workSpeaker Johnson vows to fight California Democrats’ ‘illegal power grab’Everyone loses in a redistricting war
(DBN)

Donald Trump's New Census Could Be Bad News for Texas
(DBN)

Jeffries: Noem will be among the first ‘hauled up to Congress’ if Democrats retake House
(DBN)

The Supreme Court Could Supercharge the GOP’s Redistricting Power Grab
(DBN)

Inside the DNC's money problems
(DBN)

The unusual GOP alliance pushing earmarks in this fall’s funding fightRepublican civil war erupts over earmarks in funding bills
(DBN)

Marjorie Taylor Greene’s Financial Disclosure Doesn’t Mention Book Agreement—Which Could Be Illegal, Expert Says
(DBN)

A dangerous new idea about what Democrats are doing wrong
(DBN)

Zohran Mamdani is a political risk Democrats shouldn’t takeThe Mainstreaming of Zohran Mamdani
(DBN)

Cook Political Report shifts Ohio Senate race after Sherrod Brown entrance
(DBN)

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Climate:

Bankruptcy proceedings for US carbon credit firm move to liquidation
(DBN)

Spain battles 20 major wildfires amid scorching heat, deploys more troops
(DBN)

Hurricane Erin likely to bring "life-threatening surf and rip currents" to East Coast. Maps show its path and forecast.
(DBN)

Climate change is increasing the risk of rapidly intensifying storms. Hurricane Erin is the latest example.
(DBN)

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Comic Books:

Courts Clear At Least Three Days For The Diamond Bankruptcy Hearing
(DBN)

Diamond bankruptcy hearing continued to the 19th but crucial rulings made
(DBN)

Dark Horse Joins The Consignment Group Filing Against Diamond Comics
(DBN)

Comic Book Publishers Win Round One Against Diamond Comics In Court
(DBN)

Who Had Been Selling Diamond Consignment Stock Since May 15?
(DBN)

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Imaging:

Kodak says it's handling its finances just fine and won't be closing
(DBN)

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Sports:

Portland Trail Blazers bidder entangled in a messy corporate bankruptcy
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Avoidance Actions:

McKesson Defends Payments as Rite Aid Seeks Bankruptcy Clawback
(DBN)

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Aviation:

Air Canada Union Rebuffs Labor Board After Carrier Pulls OutlookAir Canada Cancels More Flights After Cabin Crew Defies RulingAir Canada suspends third-quarter and full-year guidance following 'unlawful' strike
(DBN)

Passengers Say Goodbye to Loved Ones as Boeing Plane Spits Flames Mid-Flight
(DBN)

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Autos:

Rivian, Tesla, and Lucid say they face big losses as the Trump administration overhauls EV regulations
(DBN)

Nikola’s Stock Runs Out Of Road As Bankruptcy Looms
(DBN)

Younger Affluent Americans Are Driving Demand For Electric Vehicles
(DBN)

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Tech:

Massive AI spending has a ‘crowding out’ effect that could slow other sectors, top economist says
(DBN)

Sam Altman's predictions on how the world might change with AI
(DBN)

The small-town Alabamians fighting a data center - They fear it will blight their paradise
(DBN)

Trump Administration Weighs 10% Stake in Intel to Help Bolster Chip Maker
(DBN)

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Recycling:

Plastic-to-Fuel Recycling Plant That Owes Muni Debt Goes Bust
(DBN)

Aleon Metals obtains $188m debtor-in-possession financing
(DBN)

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Retailing:

Retail Gets Leaner As Store Closings Surge And Head Counts Shrink
(DBN)

Big Lots files June operating report with bankruptcy court, cautions on share value
(DBN)

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Celebs:

Beloved Bay Area radio personalities file for bankruptcy, landing in more than $500,000 of debt
(DBN)

Katie Price’s ex Alex Reid leaks video of bankrupt star counting cash as he vows to ‘expose the truth’ about star‘Totally disgusted’ Peter Andre calls in lawyers after Princess is dragged into Katie Price money row with Alex ReidKatie Price's downfall - how her life unraveled after years-long struggle
(DBN)

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Tax:

Trump’s ‘no tax on overtime’ is now US law — but some Americans don’t even qualify. Here’s the catch
(DBN)

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Food/Beverage:

Sorry, but RFK Jr.'s beloved beef tallow fries won't save Steak 'n Shake
(DBN)

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UK:

Sanjeev Gupta lines up BlackRock on deal to buy key steel business out of insolvency
(DBN)

Cyber issues plagued insolvent English law firm
(DBN)

Scottish corporate insolvency figures fall again in July
(DBN)

Audit costs for English councils soar as bankruptcies mount
(DBN)

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Russia:

Putin backs request by Rostov region acting governor to introduce bankruptcy moratorium for farmers
(DBN)

The idea that the Kremlin has kompromat on Trump seems increasingly plausible
(DBN)

Donald Trump caught on hot mic revealing what he really thinks of Putin Trump, Zelenskiy Play Nice With Eye Toward Meeting With PutinTrump, Zelensky put on the smiles at Oval OfficeTrump tells Ukraine to give up Crimea and NATO hopesZelensky, Europeans highlight ‘future security architecture’ ahead of Trump meetingWhat to know about Crimea, peninsula Trump wants Zelensky to abandonJD Vance completely silent at Donald Trump meeting with Zelensky: 'Smart a**'MAGA Host Who Attacked Zelensky’s T-Shirt Apologizes at Oval Office Presser With TrumpTrump ‘has completely ceded narrative control’ to Putin: Fiona HillZelenskyy: Let’s find a ‘diplomatic way of finishing this war’Trump says 'it's never the end of the road' for American support of UkraineLow Confidence in Trump's Handling of Russia-Ukraine War Donald Trump halts crunch meeting with European leaders to call Vladimir PutinTrump says Putin and Zelenskyy will meet for talks on ending the war Fact check: Trump repeats false Ukraine aid figure while sitting with ZelenskyDonbas: The object of Putin’s desire and the crux of the war in UkraineTrump Will Call Putin to Push for Trilateral With Zelenskiy
(DBN)

Russia launches missile attacks on central Ukraine hours after Trump-Zelensky meeting concludes
(DBN)

Putin agreed to let U.S., Europe offer NATO-style protections for Ukraine, Trump envoy says
(DBN)

The Only Plausible Path to End the War in Ukraine
(DBN)

Why Putin Must Be Thrilled With the Result of the Alaska Summit
(DBN)

Trump’s empty threats on Russia sanctions
(DBN)

Rubio says "both sides are going to have to make concessions" to end war in Ukraine
(DBN)

Europe Ramps Up Defense Procurement for Ukraine
(DBN)

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MENA:

MoCI organises seminar on proposed draft bankruptcy law
(DBN)

Hamas Said to Agree to Gaza Truce Deal Proposed by Egypt, QatarHamas accepts an Arab ceasefire proposal on Gaza as Palestinian death toll passes 62,000Leaked recording reveals ex-Israeli military intelligence chief calling 50,000 deaths in Gaza ‘necessary’
(DBN)

US envoy to discuss long-term ceasefire with Israel after Lebanon commits to disarming Hezbollah
(DBN)

Hundreds of thousands protest Gaza war as frustration grows in Israel about new offensive
(DBN)

Egypt warns Israel that mass displacement of Gazans is a ‘red line’
(DBN)

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China:

Country Garden wins bank creditor group's support for offshore debt overhaul
(DBN)

A Nation of Lawyers Confronts China’s Engineering State
(DBN)

China’s Economy Slows in July
(DBN)

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India:

IBC reforms will benefit distressed real estate projects, experts say
(DBN)

Ericsson misusing insolvency code for coercion and debt recovery, Rcom tells NCLT
(DBN)

IBC: A Resolution Plan involving ‘combination’ must clear CCI hurdle first
(DBN)

Experts say IBC Amendment Bill yet to address real estate insolvency, NCLT understaffing and poor recovery by operational creditors
(DBN)

IBC revisit needed, in law and practice
(DBN)

Insolvency Resolution Professional Is Public Servant, Sanction Needed To Prosecute Him Under Prevention Of Corruption Act: Madras High Court
(DBN)

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Australia:

Australia's Opthea cuts 80% staff, key executives to exit in deal to avert bankruptcy
(DBN)

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Malaysia:

Malaysia pushes ASEAN to adopt ADR for cross-border insolvency disputes
(DBN)

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