August 8, 2025

The Daily Bankruptcy News

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Law:

This BigLaw firm will pay summer bonuses of up to $25KMilbank Issues Summer Bonuses
(DBN)

Former Biglaw Associate Who Became Public Defender After His Firm Caved To Trump Has No Regrets
(DBN)

They Quit Over Trump Deals, Now Junior Lawyers Plot Next Acts
(DBN)

‘This is sending a message’: DOJ moves to sanction lawyer who took pro bono deportation caseFollowing Trump memo, DOJ demands seeks 'substantial' sanctions against immigration lawyer
(DBN)

AI’s Limitations in the Practice of Law
(DBN)

A new Supreme Court case asks whether children still have First Amendment rights
(DBN)

Private Equity Partners Left Out Of Biglaw’s Lateral Move Mania
(DBN)

Judge tosses fired associate’s suit alleging WilmerHale discriminated based on his Cameroonian origin
(DBN)

5 Crucial Lessons From The Bar Exam’s Near Deadly Failure
(DBN)

The Law Schools That Are The Best For State Clerkships (2025)
(DBN)

Duane Morris On The Hook To Fight Nonequity Partner Suit
(DBN)

Alan Dershowitz Gets Yelled Out of Farmer’s Market: ‘My Grandparents Died in the Holocaust, Don’t You Call Me an Anti-Semite!’
(DBN)

Trump lawyers rip Pulitzer Prize board for 'confused and wrong' defense in defamation suit
(DBN)

Migrants Vanish Into Opaque ICE Detention SystemJudge to consider the fate of an agreement on protecting immigrant children in US custodyTrump administration asks high court to lift restrictions on Southern California immigration stops Federal agents hid in back of rental truck before starting raid outside LA Home DepotTrump Offers $50,000 Bonuses to Hire Thousands for ICE Push‘Alligator Alcatraz’ Is Worse Than You RealizeJudge orders temporary halt to construction at Florida’s ‘Alligator Alcatraz’ detention center ICE detainee found hanging by neck in detention facility, agency says Now ICE Is Raiding FEMAThe US drive to find third countries to deport migrants is gaining momentum
(DBN)

A woman accused of fraud hired the AG's brother as her lawyer. Months later, DOJ dropped charges
(DBN)

Video shows Department of Justice official urging Jan. 6 rioters to 'kill' cops
(DBN)

FBI forces out more leaders, including agent who led bureau in early days of Trump administrationTrump administration fires ex-acting FBI director seen as champion of rank-and-file staff
(DBN)

Pirro on ‘Big Balls’ attack: ‘We’ve got to lower the age of responsibility to 14’
(DBN)

Florida woman arrested after posing as nurse and treating more than 4,000 patients
(DBN)

Teen fatally stabbed brother in neck, claiming he was 'picked on' and 'bullied' for years
(DBN)

Florida mom allegedly left minor son alone with 7 dogs while she vacationed in Las Vegas
(DBN)

Husband suspected wife of poisoning him before she killed 3 relatives with toxic mushrooms
(DBN)

‘Death to the IDF’: Vandals Target American IDF Vet With Graffiti, Torched Cars
(DBN)

Federal law enforcement to increase in DC as Trump threatens control after attackTrump announces federal law enforcement will patrol Washington D.C.
(DBN)

Miss USA accuses congressman of revenge porn threat
(DBN)

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Judges:

Federal court filing system hit in sweeping hackFederal Courts Said to Suffer Hack Similar to Earlier Breach
(DBN)

BK SD CA: Judge Laura S. Taylor Retirement from the Bench
(DBN)

BK ND NY: Retirement of Hon. Robert E. Littlefield, Jr. and Transfer of Cases to Hon. Patrick G. Radel
(DBN)

Notice of Vacancy US Bankruptcy Judge San Antonio, Texas
(DBN)

Trump 2.0 and the Judicial Appointment Power
(DBN)

"Virtually All of Us Are Committed" to SCOTUS's Ethics Code, Justice Sotomayor Tells Audience in Zurich
(DBN)

Judge blocks Trump's birthright order nationwide in fourth such ruling since Supreme Court decision
(DBN)

Who—or what—is to blame for 2 federal judges’ error-filled withdrawn opinions?
(DBN)

US judge vacates Fed’s debit card 'swipe fees' rule, but pauses order for appeal
(DBN)

Federal judge rules cuts to humanities grants were 'unlawful'
(DBN)

Federal court says Alabama must use map that creates 2nd Black majority district
(DBN)

Partisan Gap in Public Views on Supreme Court Hits Record Level
(DBN)

Judge harshly criticized eventual FBI Directory Kash Patel over grand jury avoidance
(DBN)

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Wall Street:

Stock futures rise after Dow posts a loss in Thursday’s tradingU.S. stock futures rise on strong corporate earnings
(DBN)

Trump Tariffs Are Making International Stock Markets Great Again
(DBN)

Playing by the Rules Costs Wall Street an Extra 51 Million Hours a Year
(DBN)

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Layoffs:

Chicago school district claims $700M shortfall not the reason for 1,500 layoffs — have officials ‘misled the public'?
(DBN)

Peloton to shrink workforce by 6% in cost-cutting effort
(DBN)

Local binding company, banking giant to cut 200 jobs in North Jersey
(DBN)

Buffalo diocese to lay off employees amid bankruptcy reorganization
(DBN)

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Food/Beverage:

Popular grocery store food importer files Chapter 11 bankruptcy
(DBN)

Panera Franchisee EYM Files for Bankruptcy After Franchisor's Lawsuit
(DBN)

Americans get more than half their calories from ultra-processed foods, CDC report says
(DBN)

How RFK Jr. is 'copy and pasting' left-leaning food laws into deep-red states
(DBN)

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Retailing:

What went wrong at tween jewelry staple Claire’s
(DBN)

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Tech:

The AI Building Boom Is Bound to Bust
(DBN)

James Cameron warns of 'Terminator-style apocalypse' if AI weaponized
(DBN)

PwC is training junior accountants to be like managers, because AI is going to be doing the entry-level work
(DBN)

Trump Urges Intel’s CEO to Step Down, Calling Him ‘Conflicted’Intel CEO Dogged by Decades of China Chip Bets, Board WorkIntel chief hits out at ‘misinformation’ after Donald Trump calls on him to resign
(DBN)

Donald Trump threatens 100% tariff on chips with carve-out for AppleHow Tim Cook convinced Trump to drop made-in-USA iPhone — for nowWhat is Apple’s $600bn US investment pledge?
(DBN)

Amazon Web Services gives the Trump admin $1 billion coupon
(DBN)

Intel CEO Says Has Board Support as Trump Calls for Resignation
(DBN)

Tesla Disbands Dojo Supercomputer Team in Blow to AI Effort
(DBN)

Students have been called to the office — and even arrested — for AI surveillance false alarms
(DBN)

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Climate:

Trump’s Attack on Wind, Solar Cuts Deeper Than Industry Expected
(DBN)

This Region of the U.S. Is ‘Overdue’ for a Hurricane That Could Cause $440 Billion in Damage—and Insurance May Not Be Available
(DBN)

Energy secretary says ‘we’re reviewing’ past government climate reports
(DBN)

New evacuations ordered as California wildfire nears 100,000 acres
(DBN)

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Banking:

JPMorgan denied it closed account linked to former Kansas governor on religious grounds, letter shows
(DBN)

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Fraud:

Utah father, son at center of $300M oil scam case now facing terrorism charges for links to Mexican cartel
(DBN)

Denver pastor charged with defrauding followers out of $3.4M, promised 'exorbitant returns' on crypto 'the Lord brought'
(DBN)

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Solar:

Trump Moves to Kill $7B Solar Program for Low-Income Homes
(DBN)

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Economy:

US Continuing Jobless Claims Rise to Highest Since End of 2021
(DBN)

Waller Emerges as Favorite for Fed Chair Among Trump TeamS&P 500 flattens on report of Waller as Trump's preferred Fed chair pick
(DBN)

Why the justices defended the Federal Reserve
(DBN)

Trump will nominate White House economic adviser Stephen Miran to vacant Federal Reserve board seat
(DBN)

Trump ramps up pressure on the Fed to slash rates to 1% — but would that be risky for US jobs, savings and investments?
(DBN)

Fed's Cook Says Jobs Data Suggest 'Turning Point' For Economy
(DBN)

The hidden recession: Job cuts, housing freeze, and fear grip US economy behind the AI boom and surging Wall Street
(DBN)

Trump defends the US economy with charts after job reports showed warning signs
(DBN)

Fed’s Bostic Sees One Cut in 2025 as Tariff Effects May Persist
(DBN)

US Consumer Inflation Expectations Rise as Job Prospects ImproveUS households expect higher longer-run inflation, New York Fed says
(DBN)

US jobless claims edge up, but 'no-hire, no-fire' trend remains intactWeekly Initial Unemployment Claims Increase to 226,000
(DBN)

Trump Turns the Screws on the Fortune 500
(DBN)

Leading economist issues stark recession warning for struggling US economy
(DBN)

Stagflation Concerns Ripple Through Wall Street as Tariffs Hit
(DBN)

US Productivity Rebounds in Second Quarter as Output Picked Up
(DBN)

Gold futures hit record high after report of US tariffs on gold barsUS hits one-kilo gold bars with tariffs in blow to refining hub Switzerland
(DBN)

Donald Trump’s attack on statistics agency echoes strongmen leaders, economists say Bannon Pushes EJ Antoni for BLS, Wants ‘MAGA Republican’ in RoleU.S. Enters Uncharted Waters With Next Jobs ReportBessent Says Labor Data Clean-Up Should Have Happened Long Ago
(DBN)

Treasury Secretary Admits Trump’s Tariffs Are Paid by Americans The trade war isn't over. It's just beginning Trump's higher tariffs hit major US trading partners, sparking defiance and concern Trump's trade onslaught escalates as global tariffs kick in Small business owner reveals real cost of Trump's global tariff policy Donald Trump’s new tariff regime deepens global trade war How India ended up facing steep US tariffs despite its strategic partnershipIndia Weighs Giving Trump Trade Concessions After 50% Tariff Hit Modi Vows to Protect India’s Farmers Even at Great Personal Cost Modi Speaks With Lula, Plans Xi Meeting as Ties With US Sour ‘Never compromise’ or ‘Narendra Surrender’? India’s Modi navigates showdown with US Bessent: Tariffs should boost US manufacturing ‘over the next couple of years’Trump Pledged to Bring Back Manufacturing. The Sector Is Sputtering. Swiss Push Talks With Trump on 39% Tariff, Not RetaliationGold Bar Tariff Surprise Gives New Blow to Switzerland Investors Unfazed by Trump’s 100% Semiconductor Tariff ThreatTrump's planned 100% computer chip tariff sparks confusion among businesses and trading partners Scott Bessent cornered after making admission about 'who pays' tariffsMexico was the only country to get a 90-day tariff reprieve from Trump. Here’s whyWhat US consumers can expect from new tariffs on imported goodsJapan Says US Confirms Car Levy Cuts and End to StackingIrish Whiskey Makers Crumble Under Trump’s Trade TariffsGrapes of wrath: South African wineries hit by 30% US tariffs
(DBN)

Flattery and fear: a CEO’s guide to handling Donald Trump
(DBN)

Senators pitch $1.5 trillion investment fund for Social Security: What to know
(DBN)

Trump to sign executive order allowing cryptocurrencies, private equity in 401(k)s
(DBN)

AT&T just made it official: Workplace loyalty is dead
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Where Americans can't get mortgages in the US now
(DBN)

Mortgage Rates Drop to Four-Month Low as Pressure Mounts on Fed
(DBN)

Realtor.com Reports Most Active "For Sale" Inventory since November 2019
(DBN)

Providence Place Mall to go up for sale in September amid bankruptcy proceedings
(DBN)

LI’s beloved Oheka Castle wedding venue files for bankruptcy — with $57 in its checking account and $63M due to creditors
(DBN)

2 Charged With Stealing Home of Dying Woman, in a First Under New Law
(DBN)

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Municipalities:

What Trump’s Fiscal Control Board Firings Mean for Puerto Rico
(DBN)

Auditor seizes hundreds of thousands from cities to pay for overdue financial reports
(DBN)

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Oil/Gas:

Oil Prices Set for Dramatic Weekly Drop on Tariff Fallout
(DBN)

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Politics:

Trump’s approval rating still negative while the public sours further on Democrats, CNBC survey shows
(DBN)

Cornyn: FBI director approved request to help arrest runaway Texas DemsTexas Democrats plead for donations to extend their walkout and block Trump’s redistricting planTexas Democrat calls use of FBI ‘tactic of a collapsing regime’Abbott says FBI is ‘tracking down’ Texas DemocratsThe Backstory Fueling the Texas Redistricting Bitterness The Texas gerrymandering showdown is about to get even messier
(DBN)

Trump Rants About Countries Laughing at America in All-Caps Late-Night Meltdown
(DBN)

Things Aren’t Going Donald Trump’s Way
(DBN)

Blue State Republicans Helped Win the House Majority. The Redistricting Wars May End Their CareersRepublicans are full steam ahead on redistricting — and not just in TexasFlorida moves toward joining national redistricting push'It's high season for hypocrisy': The godfather of the Indiana GOP slams Trump's redistricting pushCalifornia rushes to plan a still unscheduled election in US House seats standoff with Texas"It's existential now": House Democrats prepare to go scorched earth on redistricting
(DBN)

How Democrats Tied Their Own Hands on Redistricting
(DBN)

How gerrymandering has reshaped the political map for red and blue states
(DBN)

Trump faces Ghislaine Maxwell conundrum Bill and Hillary Clinton ‘could face jail time’ if they refuse to testify in Trump admin’s Jeffrey Epstein investigationThe Epstein ‘Client List’ Will Never Go AwayDonald Trump Doesn’t Want You to Read This ArticleEpstein victims speak out: This ‘smacks of a cover up’
(DBN)

Steve Bannon is secretly plotting a sensational run for president in 2028 ... and he's already knifing his likely rival: 'I created him'
(DBN)

'South Park' Portrays Noem as Puppy-Shooting, Face-Melting Ice Villain‘South Park’ Lets Loose With A Trump, Satan & JD Vance Ménage À Trois, ICE Raiding Heaven & Kristi Noem Shooting Dogs
(DBN)

Trump energizes conservative Christians with new religious policies
(DBN)

JD Vance's Secret Service ridiculed for raising Ohio river water levels for birthday canoeing trip
(DBN)

Tim Cook appeals to Trump’s love of gold with a 24-karat base for Apple plaque
(DBN)

Kamala Harris stumbles right out of the gate
(DBN)

Former Georgia lieutenant governor joins Democratic Party
(DBN)

Congress wants to cut the smartest investment taxpayers ever made
(DBN)

Trump orders Commerce Department to begin work on new census
(DBN)

US Air Force to deny retirement pay to transgender service members being separated from the service
(DBN)

Federal records contradict what FEMA leader told Congress about Texas flood response
(DBN)

____________

Celebs:

‘RHONJ’ Alum Jacqueline Laurita Ordered to Pay Massive 6-Figure Sum Over Bankruptcy Battle
(DBN)

Ammon Bundy cannot file for bankruptcy to avoid $52 million defamation bill, federal court rules
(DBN)

____________

Private Equity:

Private equity investors want their money back — but it’s tied up in ‘zombie funds’
(DBN)

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Autos:

Wholesale Used Car Prices Decreased in July; Up 3% Year-over-year
(DBN)

____________

Education:

Trump plans to sign an order requiring colleges to prove they don't consider race in admissions
(DBN)

____________

Crypto:

Why struggling companies are loading up on bitcoin
(DBN)

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Student Debt:

Student loan delinquency rates at 21-year high
(DBN)

____________

Theme Parks:

Animals or assets?: Concerns grow over the Dolphin Company’s recent court filings
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (94 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Small-Business Bankruptcies Surged 30 Percent This Past Year. Will Tariffs Accelerate That?
(DBN)

______________

Mass Torts:

J&J Talc Evidence Gets Review by Ex-Judge at Drugmaker Law Firm
(DBN)

A Plan’s Temporary Injunction Is Permissible, Despite Purdue Pharma (In re Miracle Restaurant)
(DBN)

Non-consensual Third-party Releases from Mass-tort Liabilities Cannot Be Part of a Chapter 11 Plan
(DBN)

Confidential data from Baltimore Archdiocese bankruptcy stolen in another breach
(DBN)

Diocese of Buffalo reportedly laying off 20% of diocesan workforce amid bankruptcy
(DBN)

____________

Ethics:

A Lawyer’s Duty to Maintain Prospective Client Confidentiality to Avoid Disqualification in Bankruptcy Matters
(DBN)

____________

Setoff:

Non-Applicability of Proof of Claim and Discharge Requirements to Defensive Setoff in Chapter 11 Proceedings
(DBN)

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Cross-Border:

Applicability of Section 109(a)’s Debtor Eligibility Requirements to Chapter 15 Cases
(DBN)

U.S. Court’s Role in Approving the Sale of U.S. Assets in a Chapter 15 Case
(DBN)

Adjudicatory Comity as an Alternative to Recognition Under Chapter 15 of the Bankruptcy Code for Foreign Bankruptcy Proceedings
(DBN)

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Miscellaneous:

Court Opinion Review: ‘Manufactured’ Disclosure in Exela, the Marelli DIP Dispute, a Delayed Effective Date in Steward and the Linqto Houston Venue Decision
(DBN)

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UST:

Legal Challenge to Trump Era Firing Tests Limits of Presidential Authority
(DBN)

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Avoidance Actions:

The Objective Establishment of a Ponzi Scheme is Sufficient to Establish a Debtor’s "Actual Intent to Defraud" Creditors in Fraudulent Conveyance Actions
(DBN)

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Executory Contracts:

Executory Contract Provisions That Provide Solely For an Equitable Remedy Are Enforceable Post-Rejection.
(DBN)

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Aviation:

United blames ‘technology disruption’ for 1,000+ flight delays
(DBN)

American Airlines Sued for Flight Attendant’s Hidden Bathroom Recordings: Families Demand Accountability
(DBN)

____________

Religion:

Inside one pastor’s crusade for Christian domination in the age of Trump
(DBN)

____________

Hotels:

Occupancy Rate Decreased 0.1% Year-over-year; Weak Summer
(DBN)

____________

Labor:

VA terminates union contracts in latest White House strike in the war against veterans
(DBN)

____________

Healthcare:

Surgeon sued by UnitedHealth over social media post says she’s nearly bankrupt
(DBN)

Bankruptcy of The Villages Health raises many questions
(DBN)

ACA premiums set to spike
(DBN)

Children’s Health Care Is in Danger
(DBN)

RFK Jr.'s vow to overhaul vaccine injury program echoes grievances of anti-vaccine movementOn Vaccines, Kennedy Has Broken Sharply With the Mainstream
(DBN)

Huge cuts to mRNA research spark fears about future pandemics
(DBN)

____________

Personal Finance:

A laid-off Accenture manager has been job hunting for 21 months. Recruiters keep telling him he's too expensive.
(DBN)

____________

Batteries:

Lyten to buy NorthVolt assets out of bankruptcy US startup seeks to recharge Europe's fallen battery icon Northvolt Northvolt creditors will lose a lot of money in the bankruptcy, trustee says
(DBN)

US bankruptcy court approves FlexGen acquisition of Powin assets, including all IP
(DBN)

____________

UK:

Mayer Brown, Travers Smith, Mishcon, RPC and Shoosmiths lob grenades in City pay war
(DBN)

Paul, Weiss Expands Litigation Practice in London With Addition of Commercial Litigator
(DBN)

Fears for Claire's UK as bidders are thin on the ground
(DBN)

Law student jailed for smuggling £150k of cannabis
(DBN)

A Messy Rate Decision From The Bank of England
(DBN)

____________

EU:

Spain shuns US F-35 jets as tensions grow with Washington
(DBN)

____________

Canada:

Claire’s to File for Creditor Protection in Canada Following U.S. Bankruptcy Move
(DBN)

B.C. judge OKs investor profits 'clawback' in $316M Ponzi scheme
(DBN)

Canadian Tire CEO Says Patriotism Drove Sales in Nation Furious at Trump
(DBN)

____________

Russia:

Putin says he hopes to meet with Trump as the White House presses for a Ukraine peace dealFor Putin, Trump Summit Is Key to Securing Ukraine GoalsPutin suggests meeting Trump in UAE as Kremlin senses advantageWhite House now says Trump 'open' to meeting Putin without his meeting ZelenskyyTrump Says He's 'Very Disappointed' With Putin
(DBN)

____________

MENA:

Israel is weighing its options in Gaza. Here are 4 scenarios for where things may be heading
(DBN)

Netanyahu says Israel intends to take over GazaIsrael’s Settler Right Is Preparing to Annex GazaIsraeli Cabinet Approves Netanyahu's Gaza Takeover PlanIsrael Poised to Storm Gaza City, Vowing to Win Longest War
(DBN)

Netanyahu’s Cabinet Fires Attorney General Citing Lack of Trust
(DBN)

Relatives of Israeli hostages chain themselves outside Netanyahu's office in protest
(DBN)

Boston Consulting Group modeled plan to 'relocate Palestinians' from Gaza to Somalia
(DBN)

US plan sees Hezbollah disarmed by year-end, Israeli withdrawal
(DBN)

As hunger spread in Gaza, Israeli media began to focus on Palestinians
(DBN)

Nearly 12,000 children under five in Gaza have acute malnutrition, says WHO
(DBN)

Terrible thirst hits Gaza with polluted aquifers and broken pipelines
(DBN)

Netherlands rules out recognizing Palestinian state for now
(DBN)

____________

Venezuela:

Trump offers $50M for Venezuela president arrest
(DBN)

____________

India:

Man bites off debtor's ear after dispute over money, arrested
(DBN)

____________

Hong Kong:

Hong Kong court blocks bankruptcy discharge of man who forged Nina Wang’s will
(DBN)

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