August 28, 2025

The Daily Bankruptcy News

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Law:

Equity partner profits jump 13.7% in first half of 2025 amid rising law firm revenue
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2400 Reasons To Brush Up That Resume
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It’s A Good Time To Be A Biglaw Equity Partner
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Fortress Law Firm Deal is First for Major US Asset Manager
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Brazil Hires Legal Giant Baker McKenzie to Counter Sweeping U.S. Trade Investigation
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Just How Big A Problem Is Padding Your Billable Hours?
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Estranged son of Donna Adelson, charged with law prof’s murder, called as a government witness
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Taylor Swift doesn't need your prenup advice - so why do so many lawyers still give it?
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Lawyer Gives Employees The Afternoon Off After Taylor Swift And Travis Kelce Engagement
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While working as a lawyer, I started posting about my family online. When it took off, I quit, and my site makes over $1 million each year.
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Big Lots Consumer’s Lawyer Fails in Frivolous Suit Fees Appeal
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Insights On AI And Its Impact On Legal, Part One
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Prosecutors Fail to Secure Indictment Against Man Who Threw Sandwich at Federal AgentHow a grand jury acted as "sword" and "shield" for D.C. sandwich guyDOJ Fails To Indict D.C. Sandwich Thrower, Fate Of Ham Sandwich Still UnknownDOJ fails to indict paralegal who 'threw a sandwich' — and everyone had the same thought
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Trump says he is working on crime bill with GOP leaders
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Trump’s Planned Suit Over Senate Blue Slips Faces Slim Odds
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US Sends First Deportees to Rwanda Under Controversial Deal Trump administration moves to tighten duration of visas for students and mediaTop Florida official says ‘Alligator Alcatraz’ will likely be empty within days, email showsA deadly truck crash in Florida has fueled an immigration fight. Here's what to knowDad Deported by ICE Despite Judge-Approved BondICE Detains Dad of Four Awaiting Green Card InterviewICE Detains Dad Renewing Green Card After Over 30 Years in US1 year in prison for US border agent accused of ordering women to show their breastsKilmar Abrego Garcia requests asylum in the US, hoping to prevent his deportation to Uganda3 questions hanging on Abrego Garcia’s fight against Uganda deportation More than two dozen Israeli citizens file court document backing Columbia student Mohsen Mahdawi US deportation flights hit record highs as carriers try to hide the planes, advocates sayGreen Card Holder Mom Held by ICE for 10 Days Speaks Out—'It Was Hell'Judge questions if Spanish-language journalist can stay in immigration detention without charges
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US Justice Dept investigating California's environmental agency
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Jack Smith's lawyers reveal top reasons ethics complaint for prosecuting Trump should fail
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Lawyer charged with spitting on two National Guardsmen at Union Station
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D.C. Takeover Criminal Cases Flounder in Federal Court
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Trump’s Pick to Help Run the FBI Has a History of Prosecuting Influential Democrats
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2 children dead, 17 hurt after gunman opens fire at Minneapolis church during mass; shooter dead2 dead and 6 in critical condition after Catholic school attack What we know about the shooter in the Minneapolis Catholic school shootingMinneapolis gunman Robin Westman ‘manically giggles in sick 11-min video showing off guns’ minutes before killing 2 kidsFifth grader says a friend shielded him as shots were fired during Mass 'Barricaded doors from outside to trap kids'MAGA Responds After Annunciation School Shooter Identified as TransgenderGavin Newsom Rips Republicans Over Minneapolis Church Shooting: 'Sick' Minneapolis shooter had manifesto timed to post on YouTube, officials say
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More records from Uvalde, Texas school shooting are being released after law firm error
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Family of 4-year-old with brain damage files a $22 million lawsuit against dentist
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Prosecutors seek 7-year prison term for ex-Sen. Bob Menendez’s wife Nadine Menendez
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90s TV Star’s Wife Jailed For ‘Harassment’ After Wild Social Media Spree
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Fire captain murdered girlfriend, her son because they were witnesses 'to a crime': DA
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Family starved kids for 6 days, made them write Bible verses in exchange for food: Cops
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Man punished 5-year-old with 'rec time' in triple-digit temperatures: Police
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Chiropractor who tried to murder his wife with lead from his office learns his fate
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Woman Fined $130 After Cat Meowed Too Loudly
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Woman who burned dismembered homeowner in fire pit had lived in his attic for months
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Florida mom texted her 'support' for boyfriend who beat 'jerk' 3-year-old to death: DA
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Father murdered in own driveway after telling his daughter to 'get out of my face': Police
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A hacker used AI to automate an 'unprecedented' cybercrime spree
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Woman abandoned baby outside dad's apartment, dared him to 'Call CPS on me,' police say
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Judges:

Houston Bankruptcy Judge Attacks Judicial Committee’s Stance on Judge Shopping
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Legal Strife Intensifies Over Alleged Romantic Misconduct in Texas Bankruptcy Cases
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Trump's administration again appeals to the Supreme Court over his foreign aid funding freeze
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Jonathan Turley Challenges Justice Jackson To Calvinball In Most Embarrassing Display Yet
(DBN)

Judge Stunned by Donald Trump's Lawyers Arguing With Themselves
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Judge Blocks Unusual Filing in Trump's Epstein Case vs Rupert Murdoch
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Wall Street:

Stock futures are little changed as traders evaluate what Nvidia earnings means for the AI boom
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Donald Trump’s attack on Fed shifts market bets on interest rates and inflation
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Investors are ignoring the coming wave of tariff-driven inflation, Deutsche Bank warns
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Layoffs:

California hospital closure to cut 225 jobs, including top execs
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Serial layoffs are becoming the norm for some companies. It's challenging workplace stability.
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Google has eliminated 35% of managers overseeing small teams in past year, exec says
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Upstream oil shed almost 3,000 jobs so far this summer
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Retailing:

Claire’s bankruptcy filing lists 291 closures
(DBN)

Kohl’s Jumps on Outlook Boost in Sign of Consumer Resilience
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Five Below raises its full-year outlook, despite 'ever-changing tariff environment'
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Williams-Sonoma Raises Full-Year Outlook Despite Trump’s Tariff Threat on Furniture Imports
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Dick’s Sporting Goods raises guidance after second-quarter earnings beat
(DBN)

Best Buy reports modest sales recovery, but says tariffs are complicating its turnaround
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Comic Books:

Diamond Debtors vs Sparkle Pop Over "Brazen And Unauthorized Actions"Diamond Asks Court to Order Sparkle Pop to Stop Selling Consignment Inventory
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Buses:

U.S. Repair Shops Step Up After Bankruptcy Monitor Refuses to Honour Lion Electric Warranties
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Renewable Energy:

A timeline of Trump's moves to dismantle the US wind and solar energy industries
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Healthcare:

CDC Director Susan Monarez Fired Just Weeks Into Job: ReportCDC director Susan Monarez fired by Trump administration after refusing to resign, citing 'reckless directives'4 top health officials quit
(DBN)

Roughly 15% of 26-year-olds, no longer on family plans, are uninsured — why the issue’s only set to get worse
(DBN)

Why Obamacare Is About to Get a Lot More Expensive
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FDA rescinds emergency use authorizations for COVID-19 vaccines: RFK Jr. FDA approves updated COVID-19 shots but limits access for some kids and adults
(DBN)

‘Potentially illegal’ for University of Michigan to halt gender-affirming care, state AG says
(DBN)

How Deeply Trump Has Cut Federal Health Agencies
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RFK Jr. Vowed to Find the Environmental Causes of Autism. Then He Shut Down Research Trying to Do Just That.
(DBN)

Medicare Advantage brokers could now focus more on making money and on commercials than on your healthcare
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Celebs:

Dr. Phil Could Be In The Sanctions Hot Seat Very Soon In Legal Battle With Christian TV Network Over Scuttled $500M Deal & Chapter 11 Moves
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Climate:

Canada’s 2023 Wildfires Pushed Air Pollution to Decade-Level Highs
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Economy:

How Cook’s dismissal would upend the Fed‘Still a target’: How Cook’s war with Trump has revived her nightmare confirmationYellen blasts Trump’s ‘unlawful’ firing of CookWhite House says Fed's Cook should 'go on leave' until fraud accusations are resolvedLisa Cook's path to Fed governor prepared her for a fight in the spotlightTrump accused Fed Governor Lisa Cook of mortgage fraud. That can be hard to prove, experts sayLisa Cook Likely to Prevail: Cobb on Possible Injunction
(DBN)

What's occupancy fraud, and why is Trump targeting federal officials over it?
(DBN)

Behind Trump’s Bid for Fed Dominance Lies a Dangerous Debt Idea
(DBN)

Warren: Trump ‘trying to make the Fed the bad guys’
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Republicans skeptical but quiet on Trump’s attempt to fire Fed board member
(DBN)

The bigger plan behind Trump’s attempted Fed firing
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Tariffs pose ‘elevated risk’ of unleashing high inflation: Atlanta Fed
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Protectionism, industrial policy and government ownership — all once conservative boogeymen — have become official doctrineThe death of Reaganomics: Trump breaks with longtime GOP economic doctrine
(DBN)

Brazil might challenge tariffs in US courts, finance minister saysTrump tariffs backfiring on US textile exporters — what it could mean to America's manufacturing 'bounceback'Trump's 50% tariffs on India kick in. Clothes, jewelry and shrimp are getting hit. Modi Refuses to Take Trump’s Calls After Vicious Spat With AllySecret letter from Xi to India? Report claims it sparked a quiet reset in Delhi-China relations Trump’s policy with India is ‘more confusion than strategic realignment’ Indian PM Modi issues buy India-made call as Trump's 50% tariffs take effectNavarro Calls Ukraine ‘Modi’s War’ Over Russian Oil Buying Rocky waters ahead for British artist stopping sales to customers across the pondJapan’s top trade negotiator cancels trip to U.S. over trade deal issuesMexico set to raise tariffs on imports from China
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Why Global Shippers Are Suspending U.S. DeliveriesMap Shows Countries Suspending Postal Service to United StatesList of places suspending some US parcel shipments grows as tariff exemption endsMexico suspends postal shipments to the U.S. over latest tariff confusion
(DBN)

This ‘economic sugar high’ won’t last, CRFB warns, touting analysis predicting long-term stagnation and $600 billion of annual borrowing through 2028
(DBN)

Intel and Beyond: What’s the Meaning of Trump’s Private-Sector Power Grab?Bessent defends stake in Intel: Chips ‘strategic necessity’Trump not looking at taking stake in Nvidia, Bessent says
(DBN)

Nvidia Can’t Pay US 15% Unless Trump’s Plan Formalized, CFO Says
(DBN)

Women are more honest about tech skills as half of U.S. workers feel pressure to fake it
(DBN)

The evolving fight over giving people cash, explained
(DBN)

Employees ‘job hugging’ amid labor market uncertainty
(DBN)

New Mexico ranks as the worst US state to live in — but do all the low-ranking states leave residents unhappy?
(DBN)

Here are the 5 US cities where retirees need the most cash on top of Social Security — and they’re nearly all in 1 state
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Map Shows Which States Are at High Risk of Recession
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‘Hushed hybrid’: Even as RTO mandates grow, workers still aren’t fully showing up to the office—a sign managers are too burnt out to enforce policies
(DBN)

Americans think you should land your dream job by 29, buy your first home at 30, and earn six figures by 35—they’re in for a reality check
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Women CFOs lead lagging companies to 10% revenue growth
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US Debt Clock
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World Debt Clock
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Real Estate:

Final Look at Local Housing Markets in July and a Comment on July Sales from Tom Lawler
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MBA: Mortgage Applications Decrease in Latest Weekly Survey
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Lawmakers say mega-landlords are snatching up the American dream — leaving renters struggling to get ahead
(DBN)

Homebuyers are gaining leverage — but the minimum income to buy is surging
(DBN)

Mississippi city's taxbreak spurred post-Katrina building. But will homes stand the next storm?
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New York’s office revival doesn’t quite reach the top floor
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Ashford offers $32M cash for distressed San Antonio property
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Politics:

Trump approval up 5 points in past month: SurveyTrump's Approval Rating Hits New Second Term Low, Poll Shows
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D.C. judges and grand jurors push back on Trump policing surgeTrump extends control over Washington by taking management of Union Station away from Amtrak
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D.C. mayor: "Masked ICE agents" and out-of-town National Guard are ineffectiveBowser says Trump's police takeover has lowered D.C. crime
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What Americans think about Trump's handling of crime, according to a new pollFew support federal takeover of police despite crime concerns: Survey
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60 percent say government should not control museum content: Poll
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38 percent nationwide support Trump’s DC National Guard deployment: Survey
(DBN)

The MAGA agenda pushes Trump out of the mainstream
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José Andrés mocks Trump on DC restaurant claim: ‘I understand why you are confused’
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How Trump has reversed his own first-term police reforms
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Gavin Newsom claps back at Trump's 'strange hand action' comments amid president health fears
(DBN)

Hot Mic Catches Republican Saying Trump Is in the Epstein FilesDemocracy watchdog sues for files on Trump-Epstein relationshipFormer Attorney General To Face Congressional Questions Over Epstein Deal
(DBN)

Trump Threatens to Prosecute George Soros and His ‘Wonderful Radical Left Son’: ‘We’re Watching You!’Trump threatens to prosecute George Soros for backing protests
(DBN)

From Wall Street to academia, who is in Trump's line of fire?
(DBN)

Sen. Susan Collins heckled by protesters at Maine ribbon-cutting event
(DBN)

Trump Angered By Late Night Host Seth Meyers’ Contract Extension—Says He Wants To Find Out Why
(DBN)

FEMA Staffers Placed On Leave After Signing Open Letter To Congress Criticizing Trump’s Cuts
(DBN)

Republicans investigate Wikipedia over allegations of organized bias
(DBN)

Newsom is right: Democrats must win the gerrymandering arms raceGerrymandering is controversial, but the alternative is worse
(DBN)

A Dark Money Group Is Secretly Funding High-Profile Democratic Influencers
(DBN)

Biden Speaking Tour Called Off Over Fears of Angering Trump
(DBN)

MAGA Star, 36, Doesn’t Seem to Get that ‘South Park’ Is Mocking Her
(DBN)

Trump Hands Election Denier Top ‘Election Integrity’ Job
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Trump Rips Into Karl Rove For Not Crowning Him the GOP’s Savior
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Trump's playbook for capturing and crushing America's institutions
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Food/Beverage:

Lenders Take Over Drink Firm City Brewing, Management Steps Down
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Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism
(DBN)

Gen Z, Millennials Cutting Eating Out to Pay Mortgages
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Crypto:

How to Prevent the Next Financial Crisis
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Rail:

Amtrak’s New Acela Trains Are Here. They’re Moving Slower Than the Old Ones.
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Construction:

Baltimore: From yachts to European trips: Inside Chasen Construction’s lavish spending
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Indoor Adventure:

Urban Air franchisee in San Antonio shutters amid bankruptcy, injury lawsuits
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Autos:

As tariff impacts spread, new vehicle prices and inventories are set to rise
(DBN)

Subaru forecasts a 50% profit decline for FY2026
(DBN)

Tesla sales plunge 40% in Europe as Chinese EV rival BYD’s triple
(DBN)

How China’s electric vehicle juggernaut is reshaping the global car market
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Distressed Investing:

Auto supplier sues ‘diva of distressed’ for $39M judgment
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Fraud:

One in four firms report losing above $1M in a fraud attack
(DBN)

Founder of IRL social media app charged with defrauding investors
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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (12 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (10 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

America's Bankruptcy Wave Has Surpassed The Pandemic—And It's Getting Worse
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Mass Torts:

Insurers urge court to maintain stay on San Francisco Archdiocese abuse lawsuits
(DBN)

Catholic Diocese of Syracuse bankruptcy exit plan accepted, millions going to survivorsJudge will approve Syracuse Catholic diocese bankruptcy settlement that sends $176M to abuse survivors5-year sex abuse settlement between survivors and Syracuse Catholic Church nears an end
(DBN)

New lawsuit alleges Archbishop Gregory Aymond ‘helped conceal’ child sex abuse by priests
(DBN)

'This is huge news': Two Diocese of Buffalo insurance carriers settle with sex abuse survivors
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Discharge:

Eleventh Circuit Court Ruling Aligns Corporate Bankruptcy Discharge Protections with Individual Debtors, Sparking Legal Debate
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Aviation:

Passenger Blames Southwest Seating Policy For Brutal Attack
(DBN)

Boeing Jet Makes Emergency Landing After Terrifying Takeoff Explosion
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Air China passengers leaving London faced a 13-hour delay after engine trouble forced an unscheduled layover in Siberia
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Utilities:

Soaring Power Bills in Largest US Grid Pose Risk for Republicans
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Finance:

Trump Is Trying to Shut Down a Lending Program That Helps His Voters
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Education:

The Leader of Trump’s Assault on Higher Education Has a Troubled Legal and Financial History
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College Collusion Cases Spike as Price-Sensitive Students Sue
(DBN)

Texas Showdown: Legal battle looming over Ten Commandments in schools
(DBN)

House Republicans file bill to bar trans students from bathrooms, sports teams
(DBN)

Three schools forfeit to avoid playing Jurupa Valley transgender volleyball player
(DBN)

MAGA Rages Over Trump’s Major China Policy Reversal"Mind-bendingly ridiculous": MAGA rages over Trump's Chinese students announcement
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Trucking:

Yellow Bankruptcy Estate Moves 3 More Terminals
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Media:

Jesse Watters Rips His Network’s Ads for Old People: ‘Watching Fox Until They Die’
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Tech:

NC chipmaker Wolfspeed discloses job losses, bankruptcy details in new report
(DBN)

Nvidia beats on top and bottom lines. Here’s why the stock is fallingNvidia Forecasts Decelerating Growth After Two-Year AI Boom
(DBN)

AI adoption linked to 13% decline in jobs for young U.S. workers: Stanford study
(DBN)

AI really isn’t that intelligent after all
(DBN)

Why AI impact on job market could be 'modest' and temporary
(DBN)

ChatGPT Suicide Suit: How Can The Law Assign Liability For AI Tragedy?Lawyers for parents who claim ChatGPT encouraged their son to kill himself say they will prove OpenAI rushed its chatbot to market to pocket billionsFamily alleges ChatGPT offered to draft suicide note for teen
(DBN)

China seeks to triple output of AI chips in boost to DeepSeek ambitions
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Some Employees Are Pretending to Use AI—Report
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UK:

Time to pull the plug on Thames creditors?
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Over 800 nightlife venues closed since 2020
(DBN)

AI has saved Derby City Council from bankruptcy, says councillor
(DBN)

Fans lose out as bankrupt promoter pulls plug on music festival
(DBN)

3.3m locked out of housing market since the financial crisis
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High-cost lender collapses
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UK long-term borrowing costs near highest level since 1998
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Canada:

Private Credit Husband-And-Wife Duo Faces Bankruptcy PushOSC files bankruptcy applications for David and Natasha Sharpe of Bridging Finance Inc.
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France:

French political crisis carries steep economic risk, business leaders sayFrench stocks still haven't priced in the trouble that bonds have, argues Citi
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Russia:

Russian space official: “We need to stop lying to ourselves” about health of industry
(DBN)

Zelenskiy Sending Top Envoys to US for Witkoff Talks This Week
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Russian forces break into another region of Ukraine with peace efforts stuck
(DBN)

Massive Russian attack on Ukraine's capital kills at least 14 as Trump's peace push stalls
(DBN)

62 percent support US sanctions on Russia’s trading partners: Poll
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US claims of Russian concessions on Ukraine’s security looking empty
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Ukraine to allow young men to leave the country
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Putin close to first nuclear bomb tests in 35 years
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Germany:

German court overrides UK debt deal
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Wary of Russia, Germany tiptoes toward compulsory military service
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Netherlands:

Dutch Government Faces No-Confidence Vote as Turmoil Deepens
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Brazil:

Mexico overtakes US as second-largest destination for Brazilian beef in August, Abiec says
(DBN)

Lula’s Approval Falls as Momentum From Trump Tariff Fight Fades
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Sudan:

Besieged city in Sudan has become 'an epicentre of child suffering,' UNICEF warns
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MENA:

West Bank Palestinians Wait in Dread For Israel’s New Settlement
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Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza Pope calls for end to 'terror' in Gaza
(DBN)

Israel faces new pressure over hospital strikes as Trump chairs Gaza meetingIsrael calls Gaza City evacuation 'inevitable' as U.S. hosts talks on post-war Gaza
(DBN)

Trump to meet Israeli officials over postwar Gaza plansTony Blair joins Jared Kushner to advise Trump on future of Gaza
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Germany, France, UK likely to start process of reimposing UN sanctions on Iran on Thursday, officials say
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US Rejects UN-Backed Report’s Finding of Famine in Gaza Strip
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Venezuela:

Venezuela Deploys Warships as US Destroyers Approach
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'What are we going to eat tomorrow?' Families reckon with hunger in Venezuela
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Australia:

An embattled Jon Adgemis faces potential bankruptcy fraud probe
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Argentina:

Argentina Rolls Over Debt in Relief for Battered Currency
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