February 14, 2025

The Daily Bankruptcy News

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Due to the Presidents' Day holiday, The Daily Bankruptcy News will not publish on Monday, February 17, 2025



Law:

NYC Biglaw Associate Compensation Increased By $100K In Just 5 Years
(DBN)

Partners Ask During Firm Mergers: Should I Stay or Should I Go?
(DBN)

Gen Z Lawyer Tells Senior Associate, ‘Nah, You Do That’
(DBN)

Top Law School Accidentally Sends Out Hundreds Of Erroneous Acceptance Letters
(DBN)

Elite Litigation Boutique Doing Its Part To Protect Whistleblowers
(DBN)

Trump Bribery Order Threatens Big Law Anti-Corruption Practices
(DBN)

A lawyer who was threatened with prison after she refused to return her work laptop has sought a judicial review of the decision
(DBN)

Law Professor Ordered Back In Classroom (Again)
(DBN)

Thousands Of Lawyers Sign Open Letter To Defend The Rule Of Law From Executive Attack
(DBN)

SCOTUSblog founder Tom Goldstein wins pretrial release after denying moving millions in crypto How Risky Poker Habit Caught Up With SCOTUSBlog's Tom Goldstein
(DBN)

Florida bankruptcy lawyer accused of hitting man on head with dinner plate after wedding buffet butt-in
(DBN)

Jones Day Partner And Other Biglaw Alums Join Elon Musk’s DOGE
(DBN)

As Government Calls, GCs Weigh When to Resist or Collaborate
(DBN)

BigLaw firm tones down diversity references on website, citing ‘fluctuating internal and external expectations’
(DBN)

‘People are just flipping out’: Billions in federal funding remain frozen despite court orders to keep the taps open
(DBN)

Pennsylvania Gov. Josh Shapiro sues the Trump administration over funding freeze
(DBN)

Judge Blocks Trump, Compares Him to Bull in China Shop
(DBN)

Lawsuit takes aim at Elon Musk's DOGE using a familiar Justice Thomas argument
(DBN)

Trump Deportations Hit Major—and Costly—Snag Trump's immigration arrests appear to lag Biden's Trump's mass deportation plan hits its own wall U.S. Deports Migrants From Asia to Panama US Veteran Facing Deportation Sparks Outrage Illegal border crossings hit record lows after Trump’s swift crackdown — and could be on track for levels not seen in 60 years ACLU and other advocates sue for access to migrants moved to Guantánamo Bay NY gov scoffs at AG Bondi’s 'worthless' immigration lawsuit, calls it 'smoke and mirrors' Greg Abbott Responds After Dallas Police Refuse to Join ICE Raids The Undocumented Workers Who Helped Build Elon Musk’s Texas Gigafactory
(DBN)

Trump Birthright Citizenship Order Piling Up Losses in Court
(DBN)

Trump's Personal Defamation Lawsuit Against Pulitzer Prize Board Members May Continue
(DBN)

Jan 6 Rioter Pardoned by Trump Sees Business Backlash
(DBN)

Judge Orders Trump Administration to Stop Deleting January 6 Videos
(DBN)

Government watchdogs fired by Trump are suing to get their jobs back
(DBN)

Current, former USAID employees sue Musk, arguing Senate should’ve confirmed him
(DBN)

Donald Trump Fires Biden-Appointed US Attorneys Trump Said to Terminate Biden Holdover US Attorneys From DOJ
(DBN)

Trump DOJ’s Push to Toss Adams Case Fuels Clash With Prosecutors Manhattan US attorney resigns after refusing orders to drop case against New York City Mayor Adams Prosecutors were prepping to charge Eric Adams with destroying evidence, Manhattan US attorney’s resignation letter reveals Trump DOJ's order to drop Eric Adams case sparks mass resignations Senior DOJ officials resign after order to drop case against NYC Mayor Eric Adams 'Thursday night massacre': Expert flags DOJ's 'cascading scandal' — that won't go away Adams case and other Trump moves threaten to open corruption floodgates, experts say
(DBN)

Firing Apolitical Federal Prosecutors Over Politics Hurts Us All
(DBN)

Judge orders Trump administration to temporarily allow funds for foreign aid to flow again
(DBN)

Federal Judge Halts Trump’s Executive Order Cutting Transgender Youth Medical Funding
(DBN)

Judge temporarily blocks termination of USAID contracts in place before Trump inauguration
(DBN)

US to label drug cartels as 'terrorist' groups: Report Texas Border Agents Warned of Major Mexican Cartel Attack
(DBN)

Hochul says she will not honor Louisiana’s request to extradite NY doctor for prescribing abortion meds to girl: ‘Not now. Not ever’ Texas judge fines NY doctor for prescribing abortion pills to woman near Dallas Texas Judge Fines NY Doctor at Least $100,000 for Prescribing Abortion Pills
(DBN)

Worcester becomes transgender sanctuary city
(DBN)

‘I was being groomed to rape’: The young men being taught to hate women
(DBN)

A free speech dispute over a New England town’s pastry shop painting heads to trial
(DBN)

California city criminalizes ‘aiding’ and ‘abetting’ homeless camps
(DBN)

Teenage girl arrested for plotting Valentine's Day mass shooting on Indiana school that raised money to save her life
(DBN)

JPMorgan claims a millennial founder tricked them into buying her student loan startup. Now Charlie Javice is getting her day in court
(DBN)

Husband punched his wife to death in the bathroom during luxury honeymoon in Fiji
(DBN)

Roommate feud over food ends in ice-pick murder and a torso in a suitcase in river: Police
(DBN)

Son finds mom dead in garage while brother is holding a hammer, 'acting indifferent': Cops
(DBN)

Toddler killed by gun that fell off table while parents checked Facebook, cooked dinner
(DBN)

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Judges:

Will the Supreme Court Preserve the Rule of Law?
(DBN)

I'm glad Trump and the courts are squaring up. We're overdue for a civics lesson
(DBN)

White House calls judges blocking Trump’s agenda ‘real constitutional crisis’
(DBN)

Trump Allies' Criticism of Judges Prompts Security Concerns
(DBN)

Trump says he’ll abide by court orders that block parts of his agenda
(DBN)

83% of Americans say the president must honor Supreme Court rulings – even the divisive ones
(DBN)

Don’t Expect Republicans to Stop Trump’s Constitutional Chaos
(DBN)

Boston Federal Court Will Randomly Assign Some National Cases
(DBN)

Judge John McConnell Jr Faces Impeachment for Obstructing Trump Bondi, Senate GOP Push Back on Musk Judicial Impeachment Call
(DBN)

Is there anyone in government Trump can’t fire? Why Humphrey’s Executor may be in peril at the Supreme Court Trump asks Supreme Court to end protection of independent agencies US Department of Justice to stop defending independence of FTC, NLRB, letter says
(DBN)

Justice Sotomayor brings her Latin roots to Miami, and has a message for young people
(DBN)

Justice Sotomayor says ‘court decisions stand’ as liberals fret that Trump may not accept legal rulings Justice Sotomayor says she expects leaders will follow court rulings
(DBN)

Judge admonished for offensive comments
(DBN)

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Wall Street:

Futures stall as markets await tariff details
(DBN)

Stocks hover near recent highs, dollar down on tariff relief
(DBN)

Record Stock ‘Fragility’ Sends Warning to Broader Market
(DBN)

Markets Flash Glimpses of Trump Fatigue as Tariff Risk Queried
(DBN)

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Layoffs:

Retail layoffs soar nearly 100% in a month as multiple stores close
(DBN)

Federal workers say firing process is a sloppy mess
(DBN)

Trump administration fires thousands of federal workers
(DBN)

Are Trump's Mass Firings of Federal Workers Legal?
(DBN)

US consumer watchdog broadens layoffs beyond probationary staff, sources say
(DBN)

Meta’s ‘low performer’ layoffs disputed by fired staffers and criticized by experts
(DBN)

Trump’s latest executive order is another example of private sector workforce norms creating chaos in the public sector
(DBN)

Dozens of OPM probationary employees were fired on a mass video call on Thursday and given 20 minutes to collect their belongings
(DBN)

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Healthcare:

Judge Approves Sale of CharterCARE; Buyer Seeks to Raise $138 Million to Finance Deal
(DBN)

GOP Seeks To Drastically Cut Medicaid Spending — How Are Healthcare Leaders Reacting?
(DBN)

Vaccine Skepticism Has Never Been This Bad
(DBN)

C.D.C. Study Finds Silent Bird Flu Infections in Dairy Veterinarians
(DBN)

McConnell on RFK Jr.: ‘I will not condone the relitigation of proven cures’
(DBN)

Abortion bans in US led to more births and infant deaths, especially among vulnerable groups
(DBN)

Morning-After Pill Ban Proposed by Republicans
(DBN)

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Economy:

Wholesale Inflation Sped Up in January With 0.4% Monthly Gain in PPI A sign progress on inflation may have stalled Producer prices report points to softer Fed inflation measure than feared
(DBN)

Inflation is Trump’s problem now Hot Inflation Raises Stakes of Trump’s Tariffs
(DBN)

US Consumer Debt Delinquency Hits Highest in Almost Five Years
(DBN)

Weekly Initial Unemployment Claims Decrease to 213,000
(DBN)

Credit card debt hit a record $1.21 trillion — here’s why ‘no one should be surprised,’ expert says
(DBN)

US Consumer Debt Delinquency Hits Highest in Almost Five Years Americans are finding it harder and harder to pay off their debt
(DBN)

NY Fed Q4 Report: Household Debt Increased; High auto loan delinquency rates
(DBN)

The world is underestimating the risk of a US recession
(DBN)

‘Does He Understand Money?’: Rupert Murdoch’s Wall Street Journal Slams Donald Trump’s Intellect Trump moves to slap tariffs on nearly every nation, boosting trade war Trump announces a plan to impose 'fair and reciprocal' tariffs on U.S. trading partners, including allies Trump Moves to Impose Reciprocal Tariffs as Soon as April National retailers warn of higher prices with reciprocal tariffs Trump Floats Auto Tariffs Targeting $240 Billion Trade Spigot EU: Trump's proposed 'reciprocal' trade policy is step in wrong direction Trump orders reciprocal tariffs on countries found to treat US imports unfairly — with EU, India, Japan in crosshairs Trump signs a plan for reciprocal tariffs on US trading partners, ushering in economic uncertainty Trumpflation Nobel Prize-winning economist urges tariffs vs 'dysfunctional' US Americans Largely Agree on Inflationary Effect of Tariffs America's food banks brace for impact of Trump tariffs Japan Begins Talks With US to Sound Out Trump Tariff Details India, US agree to resolve trade and tariff rows after Trump-Modi talks Trump Says Modi to Launch Trade Talks After US Unveils Tariffs
(DBN)

Ray Dalio: We Need to Cut the Budget Deficit Now  Cut debt now or face an ‘economic heart attack’
(DBN)

Dollar drifts near multi-week low as tariff fears ease
(DBN)

‘More female and less white’: Missouri AG accuses Starbucks of violating anti-discrimination laws
(DBN)

Jamie Dimon popped off at the 1,200+ JPMorgan employees fighting against full-time RTO: ‘I don’t care how many people sign that petition’
(DBN)

America's biggest companies are waging a stealth campaign to dismantle DEI Trump’s FCC probing Comcast, NBC over DEI policies
(DBN)

Trump 'Two Sexes' Order Complicates Employers' Rules on Pronouns
(DBN)

Trump carves out remote work exemption for military spouses
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Part 2: Current State of the Housing Market; Overview for mid-February 2025
(DBN)

Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low
(DBN)

Delistings are bad sign for sellers
(DBN)

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline
(DBN)

California’s $1 Billion Insurer Bailout Deepens Housing Strains
(DBN)

Some Tenants Could Get Only One Day’s Eviction Notice, Under Federal Bill
(DBN)

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Municipalities:

Puerto Rico’s $2 Billion Consultant Costs Highlight Municipal Bankruptcy Strain
(DBN)

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Autos:

Hertz’s stock slammed by wider-than-expected loss after company sold off 30,000 EVs
(DBN)

Is Musk's bromance with Trump hurting Tesla sales?
(DBN)

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Politics:

For Trump and Fox News, New Policies Are Simply ‘Common Sense’
(DBN)

Donald Trump's Gen Z Popularity Plunges
(DBN)

Focus group: Arizona swing voters to Trump, Musk: Keep it coming
(DBN)

How the Trumps Turned an Election Victory Into a Cash Bonanza
(DBN)

GOP hardliners threaten revolt over Johnson plan to implement Trump agenda Hard-liners, leadership strike deal on budget resolution ahead of key vote House panel advances budget resolution after marathon meeting The quieter GOP standoff over the Trump tax cuts
(DBN)

The Fringe Cause That Could Derail the Republican Agenda
(DBN)

Outdated showers, inefficient toilets: Trump's nostalgia for retro ways
(DBN)

Top Democrats reopen 2017 playbook on Trump tax cuts
(DBN)

Trump Demands ‘Radical Left’ Reuters Return $9 Million to US Gov — That He Gave Them — After Baseless Elon Musk Claim
(DBN)

DOGE rips through Education Department, cutting contracts, staff and grants Elon Musk’s Power in Trump’s Government Is Challenged in Court So You Want Proof of Government Fraud Musk's DOGE Team Raises Major Cyber Security Concerns Elon Musk’s Kid Keeps Saying Weird Stuff About Trump Elizabeth Warren has grave concerns about Elon Musk gutting her consumer watchdog Elon Musk says he is ‘pretty sure’ Tesla isn’t getting $400 million sweetheart deal to make armored cars for the U.S. government State says $400 million armored EV contract on hold
(DBN)

Trump nominations loom over Senate's cherished Munich trip
(DBN)

Trump’s Kennedy Center Takeover Will Reverberate in Hollywood
(DBN)

Hollywood Rattled by Trump's Big Assault on DEI Dissent Grows At Disney Over Perceived “Capitulation” To Trump As DEI Initiatives Diminished Some Schools Act After Trump’s D.E.I. Orders. Others Say They’ll Resist.
(DBN)

Trump education secretary pick testifies on plans to eliminate department
(DBN)

RFK Jr. wins confirmation as Trump’s health secretary When ‘Just Asking Questions’ About Science Turns Into 300,000 Dead
(DBN)

Senate panel advances Kash Patel bid to lead FBI
(DBN)

Senate confirms Brooke Rollins to lead USDA
(DBN)Trump's nominee for Commerce secretary passes key vote in the Senate
(DBN)

'Honestly terrifying': Yosemite National Park is in chaos
(DBN)

US Invited to Become Canada's 11th Province
(DBN)

Trump is back to criticizing US aircraft carrier engineering in what could be a warning sign for the US Navy
(DBN)

AP kept from third Trump event over 'Gulf of America': agency WHCA condemns ‘unacceptable’ escalation as White House bars AP from press conference
(DBN)

Mexico’s Sheinbaum Threatens to Sue Google Over ‘Gulf of America’ Maps Change
(DBN)

Trump eyes summit with Xi-Putin, shaking up world order Trump Gives Xi Chance to Court US Allies, Repair Global Image Trump Floats Deal With Russia, China to Cut Defense Spending Trump wants U.S., China and Russia to cut military spending in half
(DBN)

‘Page Not Found’: Over 350 LGBTQ Government Web Pages Vanish
(DBN)

With blitz of policies, Trump goes beyond Project 2025's goals
(DBN)

'Good luck': WSJ's editorial board slams GOP for allowing 'hard to believe' Trump choices
(DBN)

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Bankruptcy Crimes:

Marmet man pleads guilty to bankruptcy fraud after receiving loans despite filing
(DBN)

____________

Crypto:

Popular bankrupt lending platform failed due to ‘lack of transparency,’ says Velvet Caital CEO
(DBN)

Debanked by the Market
(DBN)

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Comic Books:

Diamond Comic Distributors is headed to a bankruptcy auction
(DBN)

Indie Publisher Closes Doors Amid Diamond Bankruptcy
(DBN)

____________

Education:

Research Universities Face Credit Risk from NIH Funding Cut
(DBN)

Trump wants the Department of Education to be closed 'immediately.' Here's what shutting it down would mean.
(DBN)

What Trump’s plans to shut down Education Department could mean for college students and borrowers
(DBN)

____________

Autos:

Nissan faces a fight for survival after abandoning its $50 billion Honda merger
(DBN)

Why Tesla's Stock Is Crashing Under Trump
(DBN)

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Food/Beverage:

Denny’s is closing dozens more restaurants
(DBN)

Grocery stores are rationing eggs as supply falls and prices rise
(DBN)

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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 (82 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Reform:

BAPCPA: Bankruptcy Filing Is Morally Equivalent To Shoplifting (So Says A Congressional Report)
(DBN)

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Mass Torts:

Archdiocese of New Orleans looking to separate from valuable housing agency Christopher Homes Archbishop Aymond vows no food bank donor funds for settlements amid separation talks
(DBN)

Undercount: why the Catholic church won’t list many New Mexico priests who’ve been linked to sexual abuse
(DBN)

'Ambush': Sandy Hook families urge CT Supreme Court to deny Alex Jones’ ask to overturn $1.4B ruling
(DBN)

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Valuation:

Bankrupt Car Wash Exposes Flaws in Private Credit Valuations
(DBN)

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Aviation:

Boeing CEO Summoned to DC for ‘Full Accounting’ on Safety
(DBN)

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Solar:

Solar Panel Bankruptcies Leave Frustrated Homeowners in Limbo
(DBN)

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Religion:

Foreign Aid Is Retreating. The Church Must Not
(DBN)

____________

Climate:

New coal power plant projects in China hit the highest level in nearly 10 years, report says
(DBN)

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Banking:

Banks closed more than 100 branches in three weeks as closure bloodbath continues in 2025
(DBN)

____________

Sports:

The list of 100 highest-paid athletes for 2024 does not contain any women
(DBN)

____________

Tech:

Actual Versus Artificial Intelligence: A New Kind Of Arms Race?
(DBN)

People increasingly view chatbots as if they were friends, just not necessarily super-smart ones
(DBN)

Federal Judge Rules Legal Research Startup ROSS Infringed Westlaw’s Copyrights, Rejecting Fair Use Defense
(DBN)

Meta CTO says staff should quit if they don’t like Meta’s new policies
(DBN)

AI-generated content raises risks of more bank runs, UK study shows
(DBN)

Major News Outlets Sue AI Firm Cohere Over Alleged Copyright Violations
(DBN)

Thomson Reuters wins AI copyright battle in US against Ross Intelligence
(DBN)

Apple, Google Restore TikTok App After Assurances From Trump
(DBN)

____________

Agribusiness:

Trump’s Funding Freezes Bruise a Core Constituency: Farmers
(DBN)

Farmers and rural businesses left without funds for their clean energy projects after federal freeze
(DBN)

____________

Personal Finance:

I applied to hundreds of jobs before landing one at Tesla. I learned that referrals and connections are a better strategy than mass-applying.
(DBN)

____________

Retailing:

Joann files for bankruptcy, again: How did the retailer get to this point?
(DBN)

Joann plans to close roughly half its stores after bankruptcy filing Crafters in crisis after Joann Fabrics and Crafts announces closures
(DBN)

Which retailers are closing stores in 2025? Joann, JCPenney, Macy's and more
(DBN)

____________

UK:

Insolvency Service Chief Executive announces plan to move on to new position
(DBN)

Judge Criticizes and Cuts Jones Day’s Legal Fees in Landmark London Ruling Jones Day pulled up on 'excessive' £1,089/hour rates
(DBN)

Clashes, drama and heaps of debt: Inside the dramatic collapse of RBG Holding
(DBN)

One of UK's oldest pubs closes suddenly after 570 years
(DBN)

Trump’s Ukraine bombshell puts British support to the test
(DBN)

____________

EU:

US relations with Europe will never be the same after Trump’s call with Putin NATO allies scramble for direction as Trump team signals concessions to Moscow NATO is in disarray after the US announces that its security priorities lie elsewhere ‘We will soon be next’: German leaders sound alarm on Trump’s Ukraine plan EU’s top diplomat accuses Trump of ‘appeasement’ with Putin
(DBN)

Hegseth Urges 5% Defense Spending for Europe, Maybe Not for US
(DBN)

____________

Russia:

Scholz rejects ‘dictated peace’ for Ukraine as Europe reels after Trump-Putin call Putin's 'Consigliere': Mysterious Russian Oligarch Mediating Trump Talks With call to Russia, Trump upends US bulwark on Ukraine Trump’s call with Putin ends U.S. efforts to isolate Russia Europe warns Trump against Ukraine deal ‘behind our backs’ Putin Scored a Win With Trump. Now He May Want More on Ukraine Laughing Kremlin Insiders Say Trump Has Given Putin Greenlight to Expand the War Ukraine peace talks - What Kyiv and Moscow want John Bolton denounces Donald Trump, Vladimir Putin peace talks 'Patience paid off': Putin out of shadow after Trump call Hegseth's Ukraine bombshell and Trump's Putin call leave NATO reeling China ‘Glad’ Trump, Putin Are Talking on Ending War in Ukraine Trump's hand to Putin sparks fear, mistrust in frontline Ukraine Ukraine to participate in peace talks 'one way or another', Kremlin says Zelensky wants plan to 'stop Putin' before US-Russia talks Putin Can’t Be Trusted in a Peace Accord, Zelenskiy Tells Trump Putin has waited for this moment for 3 years, as Zelensky is left in the cold Hegseth Says 'Everything Is on the Table' For Russia-Ukraine Negotiations Pete Hegseth Roasted Over ‘Huge F--- Up’ and Clean Up on Ukraine Negotiations: ‘Amateur Hour’ Fear and loathing in Kyiv as Trump and Putin shut Ukraine out of peace talks US President Donald Trump on Thursday announced a meeting in Munich the following day bringing together "high-level people" from Moscow, Kyiv and Washington.
(DBN)

Vance says 'military tools' could be used to force Russia to agree a Ukraine deal
(DBN)

Donald Trump Says US Will Still Send Ukraine Aid
(DBN)

Hegseth reins in demands on Ukraine amid allies’ outcries
(DBN)

Trump Pushes Fading Zelenskiy Toward Risky Ukraine Election
(DBN)

Red Cross says probing fate of 50,000 missing in Russia-Ukraine war
(DBN)

In NATO, the closer to Russia, the more spent on defense
(DBN)

Financial strain forcing Ukrainians to return home despite risk: Red Cross
(DBN)

US sanctions ICC chief prosecutor over Israel investigations
(DBN)

____________

MENA:

UN humanitarian chief says Gaza ceasefire averted famine, but truce collapse would spell danger
(DBN)

Trump Bets He Can Threaten His Way to Ending Israel-Hamas War
(DBN)

Saudi Arabia spearheads Arab scramble for alternative to Trump's Gaza plan 'No deportations': Vatican's top diplomat rebukes Trump's Gaza plan
(DBN)

Fears grow that West Bank could become second Gaza
(DBN)

Iran says will rebuild nuclear facilities if attacked
(DBN)

____________

Germany:

Musk will face consequences for meddling in German politics, election frontrunner warns
(DBN)

____________

China:

China's property loan contraction eases after government support
(DBN)

China January bank lending hits record high on policy stimulus
(DBN)

____________

North Korea:

North Korea May Be Poised to Move ICBMs Into Production, US Says
(DBN)

____________

Australia:

Sydney’s $525m new fish market on brink of collapse
(DBN)

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