February 11, 2025

The Daily Bankruptcy News

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Law:

The Elite Lawyers Working for Elon Musk’s DOGE Include Former Supreme Court Clerks
(DBN)

IRS, DOJ Hires With Rescinded Jobs Get Aid From Ex-Officials
(DBN)

The deals boom seems to be on hold
(DBN)

At work, a quiet AI revolution is under way
(DBN)

Lowenstein Sandler Bounces Back with Strong Financial Growth in 2024, Plans for Strategic Expansion
(DBN)

Vought Tells CFPB to Do Nothing While Headquarters Is Closed Warren on efforts to shutter CFPB: ‘No one can fire the financial cops’
(DBN)

Milbank Spreads The Wealth Through Special Bonuses Because 2024 Was Yet Another Record Financial Year For The Firm
(DBN)

Tom Goldstein Arrested again. Feds Claim SCOTUSblog Founder Made Secret Crypto Transactions Gambling With the Law: How SCOTUSblog’s Goldstein Risked All Tom Goldstein Arrested for Allegedly Violating Release Terms SCOTUSblog Founder Interfered With Witness, Poses A Flight Risk, According To Prosecutors
(DBN)

Lawyer Denies Breathalyzer Test, Claims ‘Lip Surgery’ Impacted Ability
(DBN)

What’s A Biglaw Partner To Do After Retirement? Referee The Super Bowl, Of Course
(DBN)

No. 42 law firm by head count could face sanctions over fake case citations generated by ChatGPT
(DBN)

Empirical Evidence On The Impact Of AI In Law: Insights From Professor Daniel Schwarcz
(DBN)

Luigi Mangione Pulls $300K From Grassroots Funds To Bolster His Case
(DBN)

FBI finds secret JFK assassination records after Trump order
(DBN)

Florida lawyer accused of stalking another attorney, texting rap songs with threatening lyrics
(DBN)

Lights, Camera, Contracts: The harsh legal reality of reality television
(DBN)

This lawyer-turned-matchmaker can help ‘cut through the noise’ in dating app world
(DBN)

The Courts Blocked Trump’s Federal Funding Freeze. Agencies Are Withholding Money Anyway. Judge finds Trump admin violated court order halting funding freeze Judge: Trump's continued pauses on federal funding 'violate the plain text' of court order Judge Directs Trump Administration to Comply With Order on Frozen Funds
(DBN)

Federal judge grants restraining order on NIH funding cuts
(DBN)

Trump Claims The Jan. 6 Cop-Assaulters He Pardoned Were The Ones Assaulted
(DBN)

Judges block Trump’s rush of executive orders
(DBN)

Trump violated law by firing Biden enforcer appointed to stop moves 'such as these': Suit
(DBN)

Judge temporarily reinstalls fired head of whistleblower protection office
(DBN)

In Breaking USAID, the Trump Administration May Have Broken the Law The assault on USAID is a wake-up call for the rest of the world Unintended Consequences of Standing Down the CFPB No, The CFPB’s Not Dead. It’s Not Even Close to Dead.
(DBN)

DHS Seeks To Deputize IRS And Treasury Personnel For Immigration Enforcement
(DBN)

Trump's federal worker resignation deadline remains paused
(DBN)

22 states sue Trump admin over funding cuts to research projects
(DBN)

UnitedHealth hired a defamation law firm to go after social media posts criticizing the company
(DBN)

USAID staffers turned away from offices even after court suspends leave order
(DBN)

Trump birthright citizenship order blocked third time, in New Hampshire federal court
(DBN)

Trump's Second Term of Mass Deportations Begins Venezuela Takes US Deportees Again After Trump-Maduro Reset Trump Migrant Deportation Numbers Compared to Obama, Biden Over 600 Immigration Arrests in January as Deportations Surge Migrants stranded in Mexico try to restart life after Trump eliminates legal pathway to US
(DBN)

US spy planes hunt for intel on Mexican drug cartels as surveillance flights surge near border
(DBN)

Task list left at alleged crime scene leads to request for handwriting sample: Police
(DBN)

Ransomware Payments Plummet Despite Catastrophic Hacks in 2024
(DBN)

Trump Justice Department orders Manhattan US Attorney to dismiss corruption case against Mayor Adams
(DBN)

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Judges:

Trump Signals He Might Ignore the Courts Trump, allies ramp up attacks on courts Don’t expect the courts to save us from Donald Trump JD Vance claims judges 'aren't allowed' to overrule President Trump on executive orders US constitutional crisis fears: Over half of Americans concerned Trump bristles at the courts as White House pushes executive power 'Mark my words': George Conway predicts alarming showdown that could 'end' U.S. democracy Johnson: Courts should ‘allow the executive and the legislative branches to work’ Elon Musk’s Criticism of Federal Judge Sparks Outcry from Legal Professionals Democrats Need Judges to Rein In Trump. There’s No Plan B. Trump Allies Start Bullying Judges After Adverse Rulings Judge Told Trump And Musk To Follow The Law For A Week. They’re Calling It Tyranny Trump admin rips court's 'remarkable intrusion' blocking DOGE Treasury system access
(DBN)

The Real Significance of Trump’s Tariffs: SCOTUS
(DBN)

How the ‘10th justice’ can help Trump’s agenda at the Supreme Court
(DBN)

Barrett’s recusal signals hope for rule of law at the Supreme Court
(DBN)

Judge apologizes to slain jogger Ahmaud Arbery’s family after tossing charges against district attorney
(DBN)

Oldest federal judge used reports with 'major errors' to defend mental health: Council Newman Urges Appeals Court to End Her Federal Circuit Suspension
(DBN)

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Wall Street:

Stock futures slip as investors await Fed Chair Powell testimony
(DBN)

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Layoffs:

Meta carrying out performance-based layoffs starting Monday, cutting 5% of staff Meta Starts Eliminating Jobs in Shift to Find AI Talent Meta Announces Layoffs Of 4,000 Employees
(DBN)

Kroger cuts hundreds of jobs at Cincinnati headquarters
(DBN)

Tech layoffs reveal the unintended consequences of mass job cuts
(DBN)

Mass. General Brigham planning hundreds of layoffs amid restructuring, $250M deficit
(DBN)

Ex-employees say Tom Krause, tapped by Musk to overhaul Treasury, was a 'hatchet man'
(DBN)

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Autos:

Which EV Maker Will Face Bankruptcy Next?
(DBN)

China’s 10% Tariffs on US Cars Hits GM, Ford and Mercedes SUVs
(DBN)

Tesla’s stock falls again, and this analyst explains how Elon Musk is a problem Elon Musk’s golden goose is in trouble
(DBN)

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Retailing:

Bed Bath & Beyond parent company acquires BuyBuy Baby, could open brick-and-mortar stores
(DBN)

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Fraud:

Trump to Loosen Enforcement of US Law Banning Overseas Bribes
(DBN)

Former Trump adviser Steve Bannon ‘to plead guilty’ in border wall fundraising fraud case but ‘won’t go to jail’
(DBN)

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Coal:

The world isn’t close to breaking free from coal — in some countries, demand for it is surging
(DBN)

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Motorcycles:

Major Creditor Clashes With KTM Ahead Of Crucial Restructuring Vote MV Agusta Sold As KTM Saves Itself From Bankruptcy
(DBN)

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Wheels:

Wheel OEM Accuride’s US Operations Near Bankruptcy Exit
(DBN)

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Economy:

DOGE Treasury Data Block Wrongfully Limits Bessent, DOJ Says
(DBN)

Powell Heads for ‘Hyper-Charged’ Hearings Overshadowed by Trump
(DBN)

Treasuries Slip With Tariffs Dominating Before Powell Testimony
(DBN)

NY Fed Survey Sees Inflation Expectations Edge Up Before Tariffs
(DBN)

Small Business Optimism Index fell in January
(DBN)

A flood of federal workers leaving their jobs likely won't impact the national labor market — yet
(DBN)

No, Walmart didn't cut price of food to 'pre-inflation' rates under Trump
(DBN)

High egg prices weren’t Biden’s fault. They’re not Trump’s either, but they’re his problem now Grocery stores including Whole Foods, Trader Joe's, and Costco are limiting how many eggs you can buy Wholesale egg prices have ‘blown way past’ record highs, analyst says
(DBN)

Remote work was a boon for people for disabilities. What happens as employers pull back?
(DBN)

Why Trump’s reciprocal tariffs may actually be a positive sign for Wall Street Trump says Canada’s and Mexico’s responses to his tariff threats are ‘not good enough’ Trump is set to order new tariffs on steel and aluminum. Here are the top countries that supply America's metal imports. Canada Most Affected by Trump Tariffs on Steel and Aluminum Canadian Steel Producers Association 'deeply concerned' about latest tariff threat Canada has a lot to lose Quebec calls for early talks of trade deal as Trump brings metal tariffs US metals prices soar to big premiums ahead of Donald Trump’s tariffs Trump's latest tariff plans on steel, aluminum and other imports are spreading uncertainty Trump Tariffs Spell Fresh Turmoil for Volatile Aluminum Market EU Pledges Countermeasures Against Trump’s Tariffs on Metals Trump Steel Tariff Redux Spells Relief But Not Revival Reeves Says UK Sees ‘Deal to Be Done’ With Trump on Steel Levies Trump's new steel and aluminum tariffs may work their way down to consumers There’s a method behind Trump’s tariff madness How Much Leverage Does the U.S. Have in New Trade Wars? UK Seeks Clarity on Trump Tariffs in Bid to Avoid Steel Threat French president says he’s prepared to go toe-to-toe with Trump’s tariffs Is something you ordered taking a while to be delivered? Tariffs may be to blame The first shots of a potential trade war have been fired. What’s next for Beijing? Trump’s Early Tariff Wins Mask Future Risks Newell Brands Says Car Seats May Get Pricier Under China Tariffs EU breaks silence on Donald Trump tariffs and threatens full-blown trade war
(DBN)

How far you live from work could determine your RTO
(DBN)

Schumer warns of ‘Trump shutdown,’ lays out 4-pronged plan for Democrats The big bet behind Chuck Schumer's shutdown warning
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

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

Housing Feb 10th Weekly Update: Inventory Down 0.4% Week-over-week, Up 27.8% Year-over-year
(DBN)

LA Home Destroyed in Palisades Fire Draws More Than 60 Offers
(DBN)

Newsom wants homeowners in burn areas to get interest earned on insurance payouts
(DBN)

Another mansion is about to fall off a cliff into the sea. Here's why that keeps happening in tourist hot spots.
(DBN)

Vacant Lot on Palm Beach’s ‘Billionaire’s Row’ Hits the Market for a Jaw-Dropping $200 Million
(DBN)

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Municipalities:

Bankruptcy, or Puerto Rico statehood? Prognosis
(DBN)

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Politics:

‘Our Democracy Is Under Siege’ Former Treasury Secretaries Write Scathing NY Times Op-Ed Warning Against DOGE’s ‘Threat to America’
(DBN)

The New Authoritarianism
(DBN)

'Guardrails are gone': Historians reveal 'pattern' Trump is following as he becomes 'more out of touch'
(DBN)

Trump Muses About a Third Term, Over and Over Again What to know about the possibility of Trump serving a third term
(DBN)

Trump State Department Official Has Called for Sterilizing ‘Feral’ Populations
(DBN)

House GOP divided on key issues as Senate moves forward on Trump agenda plan
(DBN)

They trained on diversity under Trump. Now he’s punishing them for it.
(DBN)

Snoop Dogg Super Bowl commercial against hate earns backlash after Trump performance
(DBN)

Trump says Musk’s DOGE ‘geniuses’ have found ‘very fraudulent stuff’ As Musk works to slash federal spending, his own firms have received billions in government contracts Trump’s Cost-Cutters Look to Curb Deloitte, Other FEMA Contracts The GOP Says They Love Elon. Privately, They’re Expressing Concerns A tidal wave of resistance is coming for Elon Musk GOP senators terrified of crossing Trump, facing Musk-funded challengers Musk associates granted access to confidential info about X's competitors Thune and Johnson vow to take DOGE spending cuts to the next level Trump Wants More Military Money as DOGE Eyes Big Cuts Elsewhere Elon Musk claims FEMA sent $59M last week to luxury NYC hotels for illegal migrants — but City Hall says there’s more to the story How Elon Musk’s DOGE Could End the U.S. Government as We Know It One Agency Tried to Regulate SpaceX. Now Its Fate Could Be in Elon Musk’s Hands Federal investigations into Tesla could vanish as Elon Musk dismantles government
(DBN)

Trump Plan to Ditch the Penny Comes With Twist: It May Not Save Much
(DBN)

Trump wants to dismantle the agency that provides weather forecasts. It will make your life worse
(DBN)

Ye's website is selling swastika shirts after boosting its profile with Super Bowl ad
(DBN)

Trump Says ‘No’ When Asked If Ready to Name Vance as Successor
(DBN)

US Says It Will Continue Limited AIDS Relief Services in South Africa
(DBN)

Thousands of Danes sign petition to buy California from U.S.
(DBN)

Trump’s invasion threats violate international law: Canadian ambassador
(DBN)

GOP Rep. Buddy Carter unveils bill empowering Trump to acquire Greenland — and rename it ‘Red, White, and Blueland’
(DBN)

US Diplomats Told by Union to Prep ‘Go Bag’ of Digital Records in Case of Ouster
(DBN)

Kristi Noem warns the public that they can’t trust the government - then is reminded that she is part of it
(DBN)

Trump names Grenell as interim Kennedy Center executive director
(DBN)

Evangelical Christian Zionist slams Tucker Carlson's 'Jew-hatred' at White House
(DBN)

Hakeem Jeffries launches "rapid response" task force to wage war against Trump
(DBN)

Trump planning to pardon Rod Blagojevich Who is Rod Blagojevich, who was just pardoned by Trump?
(DBN)

US whistleblower office chief temporarily reinstated after alleging improper firing
(DBN)

Military Drops Recruiting Efforts at Prestigious Black Engineering Awards Event U.S. Army General Rips ‘F------ Racist’ Decision
(DBN)

Hegseth moves to implement Trump’s ban on transgender troops
(DBN)

Tulsi Gabbard's intel chief nomination clears key Senate hurdle
(DBN)

The Trump administration is throwing more Pentagon reporters out of their workspaces
(DBN)

Mace alleges sexual abuse, rape in stunning House floor speech Rep. Nancy Mace accuses ‘depraved’ ex-fiancé, biz partners of sexual abuse against herself, a dozen women in explosive speech
(DBN)

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Agribusiness:

Farmers on the hook for millions after Trump freezes USDA funds
(DBN)

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Crypto:

FTX Creditors Face Mixed Returns as Repayment Process Begins
(DBN)

$2 Billion Gone: Trump Meme Coin Leaves Investors Scratching Their Heads
(DBN)

Man Who Lost £620M Bitcoin Fortune In Rubbish Blunder Now Wants To Buy The Landfill To Dig It Up
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Make-Whole:

Hertz Starts Talks With Bondholders Over Make-Whole Payout Suit
(DBN)

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Double-Dips:

Treatment of “Double Dips” in Bankruptcy: Does Section 502(e)(1)(B) Disallow the Second Dip?
(DBN)

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Exemptions:

Couple that chose to live full-time in an RV left homeless after bankruptcy. Now lawmakers are trying to close that loophole.
(DBN)

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Aviation:

Spirit AeroSystems to Declare Going Concern Amid Boeing Takeover
(DBN)

Multimillion-dollar private jet crashes into plane on Scottsdale Airport runway in terrifying scenes 1 dead, 4 injured after jets collide at Scottsdale Airport
(DBN)

A passenger was accused of assaulting a flight attendant, opening a door, and jumping from a plane heading to the runway
(DBN)

Man escorted off flight after screaming in pilot's face, threatening flight crew
(DBN)

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Food/Beverage:

Restaurant owner buys Mexican chain in foreclosure sale
(DBN)

Pizza chain operator closes over 200 locations
(DBN)

McDonald's revenue disappoints, as U.S. sales see worst drop since pandemic
(DBN)

McDonald’s Says Low-Income Diners Are Still Struggling
(DBN)

Why Fast Food Could Be MAHA’s Next Target
(DBN)

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Healthcare:

More states looking to control private equity in healthcare
(DBN)

Large Share of US Workers Don’t Disclose a Chronic Health Condition
(DBN)

Moving past repealing Obamacare, Republicans still plan major health care cuts
(DBN)

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Festivals:

Three Rivers Festival canceled for 2025 as board approves motion to file for bankruptcy
(DBN)

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Nursing Homes:

Multiple Weinberg Campus facilities file for bankruptcy
(DBN)

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Banking:

JPMorgan Chase Bank Account Freeze Pushes Miami Business Owner to Bankruptcy
(DBN)

FDIC Board Director Jonathan McKernan to Leave US Bank Watchdog
(DBN)

Sen. Elizabeth Warren: FDIC staffing shortages ‘threaten the safety and soundness of the banking system’
(DBN)

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Education:

Students struggle to recover from COVID learning loss
(DBN)

OnlyFans Mom's Legal Battle Fails as Court Sides with School District Over Volunteering Ban
(DBN)

The Department of Education Told Employees to End Support for Transgender Students
(DBN)

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Batteries:

Northvolt’s Bankruptcy Deals $531M Blow to Swedish Investors
(DBN)

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Utilities:

What the Eaton fire could mean for Edison’s bottom line
(DBN)

Hawaiian Electric stock rises following court ruling on Maui wildfire settlement Hawaii court rules against insurance companies in Maui wildfire, allowing $4B settlement to proceed
(DBN)

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UK:

North West insolvency-related activity reaches 12-month low, new R3 research shows
(DBN)

One of Katie Price’s two bankruptcies to be discharged after court hearing Katie Price has bankruptcy case discharged after swerving court appearance
(DBN)

Billionaire’s daughter can hand back £33mn moth-infested mansion, High Court rules
(DBN)

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EU:

Europe Teeters Toward Energy Crisis as Gas Reaches Two-Year High
(DBN)

The EU’s ticking debt bomb
(DBN)

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MENA:

Hamas cancels all hostage releases until further notice Hamas accuses Israel of cease-fire violations and says it will delay next release of hostages Israel, Hamas Exchange Accusations of Truce Deal Violation IDF placed on 'highest level of alert' Trump issues ultimatum to Hamas on hostage release, threatening fragile ceasefire Hamas brushes off Trump and insists all parties must be committed to ceasefire
(DBN)

Trump: Gaza ceasefire should end Saturday if all hostages aren't freed
(DBN)

Trump says his "Gaza takeover" plan won't allow displaced Palestinians to return Trump says he could withhold aid from Jordan and Egypt if they reject his Gaza plan
(DBN)

Palestinians Scrap Stipends That Israel Saw as Stoking Terrorism
(DBN)

Trump says Palestinians would have no right to return to Gaza after U.S. takeover
(DBN)

Israel raids bookstores in east Jerusalem to seize books about Gaza war
(DBN)

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Russia:

Russia says U.S. relations are on brink of collapse, refuses to confirm Trump call claim Trump pushes for quick end to Ukraine war, but much could go very wrong
(DBN)

Drone headsets sent to Russian troops were booby-trapped to explode when switched on, state media says
(DBN)

Trump demands $500B in rare earths from Ukraine for continued support Ukraine offers rare earth deal to Trump for more US military aid
(DBN)

Russia lashes out at EU plans to seize its ‘shadow fleet’ in the Baltic Sea
(DBN)

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China:

Vanke Gets $383 Million Loan From State Backer for Debt
(DBN)

Why China Can’t Sort Out Its Property Market Mess
(DBN)

Trump Says He Spoke With Xi Since Inauguration, Unclear When
(DBN)

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Germany:

Why more young men in Germany are turning to the far right
(DBN)

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India:

Creditors recover Rs 3.58 trn through resolution plans under insolvency law
(DBN)

Byju’s Creditors to Decide on Resolution Professional: Who Benefits and How?
(DBN)

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