December 16, 2025

The Daily Bankruptcy News

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Law:

Biglaw’s Latest Transatlantic Merger Will Be Complete Come May 2026
(DBN)

Willkie Adds Restructuring Partner Allyson B. Smith in New York
(DBN)

New Skadden Fellows, First After Trump Deal, Remain Progressive
(DBN)

How Representing Apollo’s Leon Black Brought Paul Weiss Chair Brad Karp into Epstein’s Emails
(DBN)

Connecticut Appeals Court Upholds Shortened Suspension for Alex Jones’s Lawyer in Breach of Sandy Hook Confidentiality
(DBN)

Law school diversity dips after Trump administration orders, new ABA study finds
(DBN)

Boutique Firm Brings In A Fresh Breeze Of Bonuses!
(DBN)

Elite Boutique Once Again Wows Associates With Bonuses 175% Above The Market Rate
(DBN)

Ex-DLA Piper Partner Accused in Lawsuit of Raping Associate
(DBN)

Ex-Kasowitz Partner Seeks Millions From Firm He Calls Mismanaged
(DBN)

Big Law Hires From Government—'Like Nothing We've Ever Seen'—Jumped 225% in the DC Region This Year
(DBN)

Texas AG Turned to Outside ‘Fixing’ Firm as Office Reeled
(DBN)

ATL Holiday Card Contest: The Finalists! (2025)
(DBN)

Harvey and Aderant announce partnership joining legal work and business of law
(DBN)

Lawyers Caught Misusing AI Fuel Emerging Legal Education Sector
(DBN)

AI Email Tools For Legal: A Time Saver Or Emperor Without Clothes?
(DBN)

Why state bars are struggling to keep pace with AI in legal practice
(DBN)

Federal budgets would further hit access to disability lawyers, advocates say
(DBN)

How many laws does Santa break in one night?
(DBN)

Rob Reiner's masseuse stumbled on grisly murder scene hours after he and son Nick had huge argument at Conan O’Brien’s holiday party Rob Reiner's Son Nick Charged with Murder Following Deaths of His Parents, Held on No BailRob Reiner once made a film with his son Nick, now suspected of killing parents Trump Trolls"Very bad for our country": Trump doubles down on Rob Reiner attacksRepublican lawmakers slam Trump's "inappropriate" posts on Rob ReinerMAGA breaks with Trump on mocking Rob Reiner's killingTrump mocks Rob Reiner after death. Here's what Reiner said about Trump and Charlie Kirk
(DBN)

Pulitzer Prize Board seeks broad discovery of Trump's finances and psychological records
(DBN)

Attorney discovers secret ‘watch list’ for immigration lawyersICE Accidentally Publishes A ‘Watch List’ Of Immigration Lawyers, Which Is Definitely A Normal Thing For The Government To DoTrump admin says Abrego Garcia can seek bond if detained — despite DOJ policy against bondImmigrant families in Texas have gone into hiding after latest Trump administration policy
(DBN)

Halligan’s No. 2 Resigned Past DOJ Role After Staff Complaints
(DBN)

Delaware’s acting U.S. attorney resigns amid fight over Trump’s appointees
(DBN)

The Diary of a Jeffrey Epstein Girlfriend Shows How He Used Women
(DBN)

Lindsey Halligan Humiliated In Court. Again.
(DBN)

'F*** the Jews': Gunman fires 20 bullets into Jewish family's Hanukkah-decorated home in California
(DBN)

Jews Are Being Sent Back Into Hiding
(DBN)

Trump blames Brown, not FBI, for delay in finding shooting suspectEager for Center Stage, Patel Casts Aside Caution in Statements as F.B.I. Leader Kash Does Cringe Interview After Bungling ManhuntInvestigators slammed for new video of shooting suspectBrown University shooting leaves students, community frustrated with official response
(DBN)

Trump rips ‘pathetic’ Colorado governor over Tina Peters case
(DBN)

Woman put Lyft driver in a coma with Jeep, then filed hit-and-run insurance claim: Cops
(DBN)

Mom videoed herself smothering baby until he was 'blue,' told pal it was 'adrenaline rush'
(DBN)

Body of anesthesiologist mom found crammed inside Dollar Tree freezer: Police
(DBN)

Man shot girlfriend, stuffed her in barrel and dumped it with nephew's forced help: DA
(DBN)

Father in hot tub at Airbnb falls asleep with toddler, wakes up to find she drowned: Cops
(DBN)

Man fatally strangled girlfriend next to kids on Amtrak train as she tried to escape abuse
(DBN)

Man hijacked ambulance, crashed into another car, then fatally shot woman he hit: Police
(DBN)

Suspected looters are using kayaks to rob homes impacted by flooding in Washington, cops say
(DBN)

Trump's executive order classifies illicit fentanyl as 'weapon of mass destruction'
(DBN)

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Judges:

First-time judge Shireen Barday appointed to SDNY bankruptcy bench
(DBN)

Trial Begins for Judge Charged With Helping Man Evade Immigration AuthoritiesProsecutor says judge knew she would get ‘heat’ for aiding immigrant
(DBN)

Supreme Court to review Mississippi case on alleged omission of Black jurors
(DBN)

Cannon issues weekend order allowing Trump to oppose release of Jack Smith's report
(DBN)

The Supreme Court's Annie Hall Problem
(DBN)

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Wall Street:

Stock futures fall as traders await payrolls report
(DBN)

Stocks fall before US Jobs; Oil dips below $60
(DBN)

Shares are mostly lower in Europe and Asia ahead of US jobs and inflation reports
(DBN)

Wall Street ended lower as investors eye a busy week of economic data
(DBN)

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Layoffs:

Wall Street is no longer rewarding job-cut announcements, Goldman analysis finds
(DBN)

Elanco to Layoff 300
(DBN)

DePaul lays off 114 staff members
(DBN)

Bay Area biotech company, down $1.7 billion in value, lays off a third of staff
(DBN)

Amazon to lay off 84 employees in Seattle and Bellevue in latest job cuts
(DBN)

Volvo Mack Trucks in Hagerstown to lay off nearly 100
(DBN)

Amazon European hub in Luxembourg braces for record job cuts
(DBN)

All 1,600 Kentucky battery plant employees laid off as Ford pivots away from EV business
(DBN)

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Buses:

Peoria bus business files for bankruptcy, will continue to operate
(DBN)

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Cosmetics:

This cosmetics chain will exit even more Target locations after Chapter 11 bankruptcy
(DBN)

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Cannabis:

Trump says he is ‘considering’ marijuana reclassification
(DBN)

Does MAHA Stand for ‘Make America High Again’?
(DBN)

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Sports:

Grand Slam Track announces bankruptcy as Athlos, others illustrate what emerging sports leagues need for successGrand Slam Track creditors revealed: Sydney McLaughlin-Levrone tops athletes at $356k, with Citius Mag close behindTrack stars among biggest creditors still owed money by Grand Slam Track
(DBN)

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Economy:

With Fed independence in crosshairs, will Supreme Court back Trump again?
(DBN)

Hassett’s Fed chair candidacy received pushback from high-level people close to Trump, sources say
(DBN)

'Shadow banking' growing at double the rate of traditional lenders, FSB saysGlobal shadow banking assets cross $250 trn as watchdog warns on data
(DBN)

Consumer spending growth could slow in 2026
(DBN)

2025 was one hell of a year. Consumers should expect more 'silent pain' in 2026
(DBN)

Two Fed officials who rarely agree both say inflation will not be a problem going forward
(DBN)

A potential tariff refund fight is already chaoticHere's what has to happen for the Supreme Court to rule on Trump's tariffs this year U.S. halts UK tech trade deal negotiationsNew Trump tariffs collection hits $200 billion, Customs saysU.S. Brings Criminal Tariff Evasion Enforcement Action
(DBN)

Trump's article of faith: Economy will soar in '26
(DBN)

Where people moved to (and from) in 2025
(DBN)

Senators brace for another possible shutdown in January
(DBN)

Elon Musk Just Became The First Person Ever Worth $600 Billion
(DBN)

RTO mandates have a space issue
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Part 1: Current State of the Housing Market; Overview for mid-December 2025
(DBN)

Mortgage delinquency hits record high at 4.5 pct
(DBN)

NAHB: Builder Confidence Increased Slightly in December, Negative territory for 20 consecutive months
(DBN)

Housing December 15th Weekly Update: Inventory Down 2.5% Week-over-week
(DBN)

Zillow shares are getting crushed. Here’s why
(DBN)

Lubbock: Thunder Sun’s bankruptcy case dismissed for second time
(DBN)

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Oil/Gas:

US Oil Slides to Four Year Low
(DBN)

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Tech:

IRobot files for bankruptcy after Amazon was forced to scrap its deal to buy the Roomba makeriRobot Shares Rise After Bankruptcy Filing Clears Path for Picea TakeoverFrom Amazon buyout offer to bankruptcy: iRobot gets swept awayIRobot files for bankruptcy, but Roomba robots will keep cleaning floors unabatedInflation, tariffs help send iRobot into bankruptcyElizabeth Warren put on blast for iRobot bankruptcy years after opposing Amazon deal: 'Way to destroy another great American company'Former iRobot CEO calls Roomba maker's bankruptcy a tragedy for consumersAssisted suicide by share buybacks at iRobot
(DBN)

When Roombas Go Bankrupt And Robotaxis Turn Wild: The Market's Modern 'Ting Hai' Moment
(DBN)

Lidar-maker Luminar files for bankruptcyLAZR stock tanks 55% following Chapter 11 bankruptcy filing
(DBN)

Oracle's $248 Billion Rent is Another AI ‘Bombshell’
(DBN)

This famed short-seller explains why he's doubling down on his bet against data centers
(DBN)

The AI boom will turn to bust in 2026, says this forecaster
(DBN)

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Politics:

How absolute loyalty to Trump evaporated
(DBN)

Trump’s Top Aide Acknowledges ‘Score Settling’ Behind Prosecutions Susie Wiles, JD Vance, and the “Junkyard Dogs”: The White House Chief of Staff On Trump’s Second TermSusie Wiles Talks Epstein Files, Pete Hegseth’s War Tactics, Retribution, and More
(DBN)

Fuentes: Trump Evil: He Believes in Nothing
(DBN)

MAGA leaders warn Trump the base is checking out. Will he listen?Number of Republicans Identifying as MAGA Plunges
(DBN)

Trump administration says White House ballroom construction is a matter of national security
(DBN)

The Year in Trump Cashing In
(DBN)

Trump turns to Big Tech for AI government workforce
(DBN)

Polls: Trump is ending 2025 on a downward spiral
(DBN)

Antisemitic tirade caught on camera in NYC restaurant
(DBN)

The MAGA-fication of Nicki Minaj
(DBN)

White House rages at MAGA senator over anti-JD Vance plot
(DBN)

Inside the Clintons’ Fight to Avoid Testifying in the House Epstein Inquiry
(DBN)

NJ governor on run for president: ‘I wouldn’t put a lot of money on that’
(DBN)

Queens: Paladino faces censure calls after Islamophobic social media posts
(DBN)

More Muslim candidates seek office as 'Mamdani effect' takes hold
(DBN)

Inside the White supremacist compound hiding in plain sight
(DBN)

US military says strikes on 3 boats in the eastern Pacific Ocean kill 8 people
(DBN)

FDA approved a $250,000 Singapore work trip during government shutdown, records show
(DBN)

Krugman: MAGA, the Broligarchs and the Media
(DBN)

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Tax:

Lawyer Sues The IRS, Demanding It Recognize Pets As Legal Dependents
(DBN)

IRS Flags $10.6B in Financial Crimes As Tax Fraud More Than Doubles
(DBN)

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Furniture:

47-Unit Buddy’s Home Furnishings Operator Declares Bankruptcy
(DBN)

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Wind Energy:

TPI Composites Seeks Emergency Approval for Vestas Vendor Advance AgreementVestas buys assets from bankrupt TPI Composites
(DBN)

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Telecom:

Lenders Demand $100 Million Payout After CommScope’s Asset Sale
(DBN)

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Climate:

Europe poised to water down landmark 2035 ban on new diesel and gasoline cars
(DBN)

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Consumer Finance:

CFPB Says BNPL Loan Values Rise
(DBN)

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Private Credit:

Private credit pressures to fuel further defaults in 2026
(DBN)

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Theme Parks:

Nonprofit aiming to save historic dolphin park takes over management
(DBN)

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Student Debt:

GOP Forcing Eight Million Student Loan Borrowers Into Repayment
(DBN)

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  New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (30 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

U.S. Sees Rising Demand for Bankruptcy Lawyers Amid Economic Uncertainty
(DBN)

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Mass Torts:

Archdiocese of Baltimore says it won't assert charitable immunity in bankruptcy case
(DBN)

Roman Catholic Diocese of Albany and six other defendants liable for $54.2 million
(DBN)

Jury says Johnson & Johnson owes $40 million to 2 cancer patients who used talcum powders
(DBN)

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Aviation:

Spirit Airlines secures $100 million in bankruptcy fundingSpirit Airlines Gets $50 Million Cash Infusion in Bankruptcy Proceedings
(DBN)

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Autos:

Major auto parts brand seeks $250M in cash amid bankruptcy, fraud lawsuit
(DBN)

Lidar maker Luminar files for Chapter 11 bankruptcy and lines up $110M asset sale Luminar bankruptcy spotlights LiDAR crunch after Volvo ends contract
(DBN)

Ford pivoting to hybrids and dropping all-electric F-150, sees $20B in chargesWhy Ford is scrapping major EV plans and taking a $19.5 billion hit
(DBN)

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Radio:

Failed Bankruptcy Sale Leads To Silence Across Arkansas & Texas
(DBN)

How an AM radio station in California weathered the Trump administration’s assault on media
(DBN)

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Assisted Living:

Genesis vows dedication to financial restructuring process amid bankruptcy
(DBN)

Nursing Home Giant Genesis Allegedly Delayed Millions in Settlements Ahead of Bankruptcy
(DBN)

Woman's broken heel turns into amputated leg after nursing home ignores orders: Lawsuit
(DBN)

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Healthcare:

Nearly 1 in 4 Americans believe US healthcare is in ‘crisis’: Gallup
(DBN)

66% of Americans support government ensuring health coverage: Pew
(DBN)

Hospital bad debt, charity care up 10% in 2025
(DBN)

Amendment to extend ObamaCare subsidies hits roadblock
(DBN)

Why Florida is ground zero for coming ObamaCare storm
(DBN)

Democrats say they need leadership green light to back GOP bills to extend ACA tax credits
(DBN)

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Food/Beverage:

Biscuit Bar chain closes all locations after Chapter 11 bankruptcy, failed sale
(DBN)

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Bicycles:

Filing Alert: Rad Power Bikes Chapter 11
(DBN)

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Banking:

Major US Banks Axe 311 Branches In End Of Year Massacre
(DBN)

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Fraud:

Scams, Schemes, Ruthless Cons: The Untold Story of How Jeffrey Epstein Got Rich
(DBN)

Older Americans lost up to $81.5B in the past year to financial fraud, FTC report says
(DBN)

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UK:

Waldorf’s Withdrawal: Why It Matters
(DBN)

Restructuring and Insolvency and The Property (Digital Assets etc) Act 2025 – now in force
(DBN)

Trump sues BBC for $10 billion, claims defamation from Panorama documentary
(DBN)

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EU:

WW3 fears as Germans to dig trenches on Poland's borders and Europe 'can't rely on US help'
(DBN)

After Generation of Peace, Europe Tells Its People to Prepare for War
(DBN)

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Canada:

Fraud allegations fly as Vancouver startup UpMeals descends into bankruptcy
(DBN)

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Australia:

Brittany Higgins’ husband, David Sharaz, joins her in bankruptcy after court rulingFederal Court declares David Sharaz bankrupt over defamation debt to Linda Reynolds
(DBN)

ASIO examined Bondi Beach gunman Naveed Akram in 2019 for close ties to Islamic State cellBondi terror attack ‘orchestrated by Iran’ – as Sydney Muslim cemetery desecrated with pig heads in sick act of revengeAustralia vows crackdown on guns, antisemitism after shooters kill 15Panicked Moments When Hanukkah Beach Celebration Became 'War Zone'Killer investigated for close ties to Islamic State cellVisited Philippines weeks before beach massacreBondi Beach shooting leaves a Holocaust survivor and 10-year-old girl among the dead
(DBN)

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Russia:

Dramatic moment Russian submarine is blown up by Ukrainian ‘Sub Sea Baby’ underwater kamikaze drone for first time
(DBN)

Ukraine and U.S. divided over territory after intense negotiationsUS, Ukraine agree on ’90 percent’ of peace terms, punt on territoryZelenskyy says peace proposals to end the war in Ukraine could be presented to Russia within daysUkraine Says US Pledged Congress to Back Security GuaranteeUS offers Ukraine 'Article 5-like' security guarantees
(DBN)

'The frontline is everywhere': New MI6 head warns of growing Russian threat
(DBN)

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MENA:

White House scolded Netanyahu for violating Gaza ceasefire with strike
(DBN)

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Cuba:

‘We are dying’: Cuba sinks into a health crisis amid medicine shortages and misdiagnosis
(DBN)

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South Korea:

Court declares bankruptcy of Interpark Commerce
(DBN)

South Korea’s ousted president Yoon plotted martial law to eliminate rivals, probe finds
(DBN)

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Venezuela:

Tanker Seizure Forces Chevron to Slash Prices on Venezuelan Crude
(DBN)

Venezuela Reports Oil Export Outage after Cyberattack
(DBN)

Venezuela’s Oil Is a Focus of Trump’s Campaign Against Maduro
(DBN)

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China:

It’s Better That China Vanke Defaults Now
(DBN)

China’s big layoff wave now buffeting its tech sector
(DBN)

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