August 5, 2025

The Daily Bankruptcy News

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Law:

Biglaw May Soon See More Associate Deferrals
(DBN)

Firm founders who sought liquidated damages for early attorney exits should be suspended, conduct board says
(DBN)

Small Law Firms Thrive as Champions of Truth-Seeking Litigation
(DBN)

Bar Applicants Call B.S. On Examiner’s Account Of Test-Taker Suffering Cardiac Arrest
(DBN)

Duane Morris Mostly Fails to Trim Non-Equity Partner Class Suit
(DBN)

Dallas Litigation Boutique Nearly Triples, Luring Big Law Expats
(DBN)

At Sheppard Mullin, employee benefits include help with tasks like finding care for aging parents
(DBN)

Several former Justice Department attorneys seek elected office — some to fight policies enacted by Trump
(DBN)

Hawaii welcomes out-of-state lawyers who want to work as public defenders, prosecutors without state licenses
(DBN)

The Law Schools With The Most Diverse Faculty (2025)
(DBN)

No Pierogies for Alan Dershowitz! Is Political Discrimination Illegal? Should it Be?
(DBN)

Green Card Applicant Arrested By ICE While Driving To Grocery StoreKristi Noem says "Alligator Alcatraz" to be model for ICE state-run detention centersNurse in US for 40 Years Self-Deports—'It's Really Gotten Insane'Trump's Deportation Quota Comes Under ScrutinyPets end up in LA shelters after owners detained in immigration raidsNinth Circuit Affirms That Racial Profiling Is Still Illegal, Even If ICE Has Quotas To Meet
(DBN)

Trump Media CEO Nunes loses defamation lawsuit over Rachel Maddow show
(DBN)

Ex-Obama officials face federal grand jury probe into whether they promoted false Trump-Russia tiesPam Bondi orders grand jury probe of Obama administration review of 2016 election
(DBN)

Trump Launches Jack Smith Investigation… And That’s Probably Going To Backfire
(DBN)

ABA Considers Board Restructure: Balancing Efficiency with Diversity Challenges
(DBN)

Georgia Lawyer’s Defamation Suit Over Email Exchange May Set Legal Precedent
(DBN)

Police nationwide are embracing a new first responder: Drones
(DBN)

Former New York prison guard sentenced to 15 years for beating death of inmate
(DBN)

Drivers going 1 mph below speed limit 'could face jail' under state's new law
(DBN)

Iraq Vet Wanted in Montana Bar Shooting Was Ignored by VA, Family Claims
(DBN)

Woman stabbed rival 'in her mother f—------ brain,' bragged about it on Facebook, cops say
(DBN)

13-year-old hid under clothes while mother's ex-boyfriend tried to kill siblings: Police
(DBN)

Man sat behind woman on bus before 'slicing her throat' in unprovoked attack: Police
(DBN)

Influencer model busted after hubby found stabbed to death on the toilet in their NYC home
(DBN)

Mom of Children Missing for Over 10 Years Accused of Their Murder
(DBN)

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Judges:

GWG Holdings Bondholders Demand Judge Recusal Over Alleged Romantic Conflict of Interest
(DBN)

Judges Openly Doubt Government as Justice Dept. Misleads and Dodges Orders
(DBN)

How the courts became the biggest roadblock to Trump’s plans
(DBN)

Federal Circuit Judge Pauline Newman Challenges Suspension, Cites Unconstitutional Motives
(DBN)

The Supreme Court Has Finally Found a President It Likes
(DBN)

Court limits Trump's asylum crackdown at the U.S.-Mexico border
(DBN)

Disparate Ninth Circuit Takes On The Birthright Citizenship Order
(DBN)

Chief judge dings DOJ for making pro-Alina Habba argument he specifically didn't want
(DBN)

Litigating The President’s Ability To Impose Tariffs
(DBN)

Delaware Automates Judge Assignments After Musk Criticism
(DBN)

Senators Defend Sinking Biden Court Pick After Seat Goes to Bove
(DBN)

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Wall Street:

S&P 500 futures inch higher after benchmark snaps losing streak, Palantir pops on earnings
(DBN)

Wall Street rallies and US stocks recover much of Friday’s wipeout
(DBN)

Morgan Stanley Predicts 10% S&P 500 Correction Amid Tariff Concerns
(DBN)

Wall Street Warning Investors To Get Ready For Stocks To Drop
(DBN)

Corporate Insiders Were Dumping Stocks Into July’s Record Rally
(DBN)

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Layoffs:

Amazon lays off staff and restructures Wondery podcast unit
(DBN)

Ex-Google exec says AI is coming for your job — even if you're a podcaster, developer, or CEO
(DBN)

SoCalGas lays off 160
(DBN)

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Tech:

AI Search Pushing An Already Weakened Media Ecosystem To The Brink
(DBN)

Student Sue School For Using AI To Snoop Through Their Emails
(DBN)

The Rise of Silicon Valley’s Techno-Religion
(DBN)

Silicon Valley Enlists in the Business of War
(DBN)

Jury ‘sends a message’ on app privacy in ruling against Meta
(DBN)

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Consumer Finance:

How US adults are using ‘buy now, pay later’ services, according to a new AP-NORC poll
(DBN)

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Healthcare:

ChristianaCare completed its bankruptcy deal for five Crozer locations in Delaware County
(DBN)

Prospect gets bankruptcy court approval to abandon Taylor, DCMH properties
(DBN)

Upper Darby School District has agreed to pay $600,000 for shuttered Delaware County Memorial
(DBN)

New Medicaid federal work requirements mean less leeway for states
(DBN)

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Autos:

Foxconn sells former GM factory to mystery buyer after failing to make EVs
(DBN)

Tesla's brand loyalty collapsed after Musk backed Trump
(DBN)

Tesla’s $243 Million Autopilot Verdict Reveals a Glaring Flaw
(DBN)

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Entertainment Venues:

Brooklyn Mirage Operator Avant Gardner Files For Voluntary Chapter 11 Bankruptcy: ‘The Most Viable Path Forward’Brooklyn Mirage closed for year as troubled owner files for bankruptcyBrooklyn Mirage closed for year as troubled owner files for bankruptcy (DBN)

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Batteries:

Northvolt battery plant sale enters sensitive stage
(DBN)

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Assisted Living:

Trumbull nursing home St. Joseph’s Center fined $285K for putting residents in 'immediate jeopardy'
(DBN)

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Retailing:

Claire’s Skips Rent Payments, Moving Closer to Bankruptcy Filing
(DBN)

Saks Global Announces Early Tender Results of the Exchange Offer and Consent Solicitation
(DBN)

Following bankruptcy and sale, Gardener’s Supply workers are laid off and vendors are shortchanged
(DBN)

National home furnishing store announces 6 more closures, up to 28 nationwide in 2025
(DBN)

15-store California mattress retailer files Chapter 7 bankruptcy
(DBN)

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Economy:

The vast majority of US adults are stressed about grocery costs, an AP-NORC poll finds
(DBN)

Factory Orders Dive 4.8%, Biggest Fall Since Pandemic-Lockdown EraUS Factory Orders Fall in June as Transport Demand Slumps
(DBN)

Donald Trump Gets Even More Bad News on US Economy
(DBN)

Trump’s Fed Pick Could Face Resistance From Colleagues on Rates
(DBN)

Why changing monetary and immigration policies may be edging U.S. closer to a recession: Reinhart
(DBN)

White House Says Terrible Jobs Data 'Must Be a Typo'Contentious July jobs report confirms the U.S. economy is slowing sharply. Here’s whyTrump stokes conspiracies about jobs dataThe jobs data revisions that cost a US government statistician her jobHere's why Trump's excuses for firing jobs-data chief Erika McEntarfer don't add upSocial Security COLA at risk after Trump's shock firing at the Labor DepartmentWhy the market is shrugging off Trump's firing of the BLS chiefUS economic data quality a worry, authorities not acting urgently enough, experts say- Reuters pollJobs data revisions are common. Here’s how the process works.
(DBN)

Labor market outlook dims, with jobs harder to get: Conference Board
(DBN)

Here's the case against a September rate cut - and why the Fed could stay on hold until 2026
(DBN)

For a Few CEOs, Pay Keeps Growing—by the Billions
(DBN)

Trump Administration Posts Guidance on Tariff Rollout Why Trump’s tariffs are in troubleSwiss Eye 'More Attractive' Offer For Trump After Tariff ShockSwiss President, Economy Minister to Fly to US for Talks Trump Says To Raise Tariff On India Over Russia Oil Purchases‘We’re going to have to live with tariffs’: PMIEU to suspend US tariff countermeasures for 6 monthsBrexit's parallels with Trump tariffs tell a taleSteel company CEO exposes major manufacturing shift the mainstream media is missingTrump’s Staffing Gaps Complicate India’s Bid to Ease US TensionsThailand’s Zero Tariff Pledge to Trump Still Limits US ImportsModi’s Top Aides to Visit Russia Despite Trump’s Tariff ThreatsTrump Vows to Ramp Up India Tariffs in Escalation of Russia SpatIndia calls out EU and U.S. on trade with Russia after Trump threatens steeper tariffs on New Delhi
(DBN)

'I worked at 14, had an 8.8% mortgage rate and drove used cars': Did boomers really have it easier than millennials?
(DBN)

Older adults on 'edge of poverty' lose jobs and funding as new Medicaid and SNAP work requirements loom
(DBN)

Caterpillar’s profit falls on weak equipment demand, tariff hit
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Number of Americans Selling Their Home Hits Major Milestone
(DBN)

Housing to remain weakest part of economy, falling 8% in the second half, Goldman says
(DBN)

California's Sinking Land Causes Local Homes to Lose Nearly $2B in Value
(DBN)

Map Shows 10 Best Cities For Young Homeowners
(DBN)

Nonresidential construction spending slips for sixth time in seven months
(DBN)

Melius files for bankruptcy to stall Oheka foreclosure saleIconic Site of Taylor Swift Music Video and Backdrop for Films, TV Files for Bankruptcy
(DBN)

Chinese buyers, flush with cash, swooping in on California homes
(DBN)

The surprising destination luring California transplants with $10,000
(DBN)

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Municipalities:

Residents worried after city files for bankruptcy
(DBN)

Joel Haashiim says it’s time to take Detroit’s assets—and its water—back
(DBN)

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Oil/Gas:

Renewable diesel refinery approved to emerge from bankruptcy
(DBN)

Tankers Deliver Russian Crude to India Despite USA and EU Pressure
(DBN)

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Politics:

Krugman: Trump is Getting Desperate - We're in an extremely dangerous moment
(DBN)

We don’t want ‘disgusting’ sex traffickers in our prison, say Ghislaine Maxwell’s fellow inmatesEpstein Victims Express Disgust, Fear at Handling of Files
(DBN)

The Elite Ramp Up Their Fight Against Mamdani Many Jewish Voters Back Zohran. And Agree With Him on Gaza
(DBN)

Melania has been shaping Trump’s foreign policy for longer than we realize
(DBN)

Marjorie Taylor Greene threatens dramatic breakup with Trump over a core base frustration that could upend entire Republican PartyMarjorie Taylor Greene Turns on GOP, Says Republicans Are Anti-Women
(DBN)

Fuentes downloads on Tucker Carlson!
(DBN)

Laura Loomer tests influence as Trump’s enforcer
(DBN)

Greg Abbott Threatens to Expel Texas Democrats as They Thwart RedistrictingTexas Gov. Abbott orders arrest of Democrats who fled state to block GOP-drawn congressional map.
(DBN)

Dems to redraw New York districts in revenge for Texas
(DBN)

Missouri Republicans Consider Joining Texas to Redraw House Maps
(DBN)

MLS Fan Kicked Out of Stadium for Wearing MAGA Hat
(DBN)

OPM Memo Allowing Proselytizing Walks Fine Faith-Inclusion Line
(DBN)

'Surprising' rival to JD Vance as next presidential candidate emerges with Republicans preparing for 2028
(DBN)

Duffy to announce nuclear reactor on the moon
(DBN)

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Labor:

Thousands of Boeing workers who build fighter jets and weapons go on strike
(DBN)

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Climate:

Contact burn injuries rise as sweltering summer temperatures create hotter pavements, playgrounds
(DBN)

Detroit Is One of the Most Polluted Cities on Earth Right Now
(DBN)

California wildfire explodes to over 65,000 acres, shuts down highway
(DBN)

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Tourism:

No trip, no shame: Why skipping summer travel might be smart
(DBN)

Trump Administration Announces Major Tourist Visa Change
(DBN)

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Education:

VA: Varina’s Lynnhaven School files for bankruptcy, will remain open
(DBN)

Badly Bruised Universities Are Rushing to Cut Deals With Trump
(DBN)

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Transit:

Trapped Passengers Panic As Fire Breaks Out On Major NYC-Area Subway
(DBN)

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Assisted Living:

Merger, acquisition, affiliation activity trending at ‘record’ levels: Ziegler
(DBN)

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Solar:

The Truth About the Dark Side of Rooftop Solar Panels
(DBN)

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Television:

Sling TV loses another 109,000 subscribers in Q2 2025
(DBN)

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Theme Parks:

With its parent in bankruptcy and facing a 'distress sale,' Marineland's future is unclear
(DBN)

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Crypto:

The Crypto Crises Are Coming
(DBN)

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Distressed Investing:

Burned Credit Investors Find Relief In Cleaner, Reworked Debt
(DBN)

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Sports:

SPFL club hammered with shock 15-point deduction for 'insolvency event' as appeal launched
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (42 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Florida bankruptcy filings jump 23.5% over previous year
(DBN)

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IRS:

An IRS Mistake (Violating §§ 362 & 524) Gets Out Of Hand In A Pro Se Lawsuit (Gray v. U.S.)
(DBN)

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Jurisdiction:

Fourth Circuit Court Upholds Federal Jurisdiction in Bankruptcy Cases Despite Solvent Debtor ChallengesFourth Circuit Rules Bankruptcy Courts Have Jurisdiction Over Solvent Debtors in Landmark Asbestos Case
(DBN)

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Executory Contracts:

Rejection of an Executory Contract Does Not Invalidate Rights Exercised or Performance Rendered Prior to Rejection
(DBN)

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Non-Debtor Stays:

Granting a Stay for Non-Debtors
(DBN)

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Dismissal:

Dismissal of Chapter 11 Cases for Lack of Good Faith Filing
(DBN)

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Standing:

Insurers Have Standing to Object to Reorganization Plans
(DBN)

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Avoidance Actions:

The Delaware Bankruptcy Court's Approach to the Subjective Prong of the Ordinary Course of Business Defense
(DBN)

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Miscellaneous:

Data Shock
(DBN)

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Intercreditor:

Serta Excluded Lenders Ask Court to Order Participating Lenders to Reserve $340M to Pay Any Damages Award in Uptier Breach Suit After Fifth Circuit Reversal
(DBN)

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Bankruptcy Research:

Bankruptcy's Trilemma: A Unifying Framework
(DBN)

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Mass Torts:

Crucial voting in Archdiocese of New Orleans’ bankruptcy case to begin this monthArchdiocese of New Orleans' bankruptcy settlement hinges on Aug. 29 vote of some abuse survivors
(DBN)

Clergy sex abuse survivors again push to be heard in Archdiocese of Baltimore's bankruptcy case
(DBN)

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Aviation:

United flight with over 200 passengers declares 'mayday' with engine failure after takeoff from D.C.
(DBN)

AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay
(DBN)

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Corporate Governance:

Tesla Approves $29 Bn In Shares To Musk As Court Case Rumbles OnWhy Musk's pay package should keep him focused on Tesla for at least 5 more yearsTesla Gives Musk $30 Billion Award, Saying ‘Deal Is a Deal’
(DBN)

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Food/Beverage:

Former Panera franchisee files for Chapter 11, marking EYM Group’s third bankruptcy petition in a yearPanera Franchisee Files for Bankruptcy After Court-Ordered Store Closures
(DBN)

Multiple Kentucky Whiskey Distilleries File for BankruptcyKentucky distillery files for chapter 11 bankruptcy amid industry challengesKentucky whiskey bankruptcies: Which distilleries are broke, and why$9 Billion Kentucky Whiskey Industry in Trouble With Wave of Bankruptcies: Is TikTok and Tariffs to Blame?
(DBN)

Uncle Nearest Sued By Creditor That Claims the Whiskey Brand Owes It More Than $100 Million
(DBN)

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Student Debt:

Student loan borrowers face risks if they stay in SAVE payment pause
(DBN)

3 alternatives to the SAVE plan for student loans
(DBN)

Rep. Burgess Owens, who filed bankruptcy 5 times, tells struggling student borrowers to get a second job
(DBN)

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UK:

UK Lenders Face $12 Bn Plus Compensation Bill Despite Court Ruling: Watchdog
(DBN)

How foreign insolvency proceedings may be recognized in England and Wales
(DBN)

Scott Dylan faces strike-off, bankruptcy, and more action to get back missing £13.7m
(DBN)

Seven thousand construction companies on the edge of insolvency
(DBN)

Yorkshire and Humber sees second consecutive rise in business start-ups – but insolvency-related activity also climbs, says R3
(DBN)

River Island’s future in limbo as creditors block restructuring plan
(DBN)

Jeffrey Epstein sold Prince Andrew’s secrets, new book claims
(DBN)

High street sales fell further in July
(DBN)

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Russia:

Russia moves nuke bombers closer to EuropeRussia Urges Caution In Nuclear 'Rhetoric' After Trump CommentsRussia Issues Nuclear Warning Directed at US and NATOChina and Russia Make Military Maneuvers After Trump's Nuclear Threat
(DBN)

Trump’s deadline for the Kremlin looms but Putin shows no sign of making concessions
(DBN)

Russia’s Gasoline Prices Surge to Record High on Refinery Attacks
(DBN)

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MENA:

'I Feed Him Boiled Water' Says Gazan Mother Amid Dire Food Shortages
(DBN)

Israel Working on New Gaza Strategy Following International Outcry
(DBN)

End game Netanyahu approves plan to fully occupy Gaza Strip, force Hamas to release hostages
(DBN)

Iran Says US Accountability For Attacks On Nuclear Sites Part Of Any Future Talks
(DBN)

Dozens killed as Palestinians in Gaza scramble for aid from air and land
(DBN)

17 people executed over 3 days in Saudi Arabia, mostly for drug crimes
(DBN)

Israel minister who led prayers at a controversial holy site has a record of provocative actions
(DBN)

Court Suspends Israeli Govt's Sacking Of Attorney General
(DBN)

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India:

Trump: will 'substantially' raise tariffs on goods from India over Russian oil purchasesIndia Slams 'Unjustified' Action By US, EU Over Its Russian Oil Purchases
(DBN)

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Brazil:

Brazil Supreme Court justice orders house arrest of ex-president BolsonaroBolsonaro Ordered Into House Arrest for Defying Brazil Court
(DBN)

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China:

Country Garden seeks delay of wind-up case to later this year: sources
(DBN)

Neta reportedly set to resume production operations in China – 47 investors join bankruptcy restructuring
(DBN)

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Australia:

‘Dishonest’ property spruiker Dominique Grubisa collapses into bankruptcy
(DBN)

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Netherlands:

Solar firm warns bankruptcy risk if Schiphol enforces panel removal over flight safety
(DBN)

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Malaysia:

Cross-border insolvency issue tops Asean Law Forum
(DBN)

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