February 27, 2025

The Daily Bankruptcy News

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Law:

Want To Be A Biglaw Equity Partner? Good Luck With That…
(DBN)

Willkie's Unexpected Growth Run Sees Firm Go Deep in New Markets
(DBN)

This law firm bills as much as $3,000 per hour Meet One Of Biglaw’s Most Well-Known $3,000 An Hour Lawyers
(DBN)

Law firm King & Spalding defeats lawsuit over lawyer diversity program
(DBN)

Former practice chair allegedly overbilled clients by over $3.5M at 2 BigLaw firms, ethics complaint says
(DBN)

The Number One Skill For General Counsel
(DBN)

Suit alleging dad bias at Jones Day resolved after ruling on memo
(DBN)

Who Needs Caselaw Anyway?
(DBN)

Trump curtails US business with law firm representing Jack Smith Trump strips security clearances at law firm with ties to Jack Smith Covington Must Wait Behind Putin To See Classified Documents Like Everyone Else Covington Revenge Deepens Worries of Defending Trump Targets Trump ripped for hitting Jack Smith with 'vindictive and petty' security clearance scrub
(DBN)

Which BigLaw firms and big-name lawyers are involved in suits against Trump administration?
(DBN)

Former law firm partner censured over sex with associate and legal assistant, stay-quiet offers
(DBN)

California Bar Exam Managed To Be Even Worse Than Expected
(DBN)

Trump threatens to sue authors and media who use anonymous sources Trump Threatens to Sue the Media Over Stories He Doesn’t Like
(DBN)

Judge criticizes Justice Department's broad reading of Trump's Capitol riot pardons
(DBN)

Judge harshly rejects effort by Fani Willis to avoid subpoenas about Trump prosecution
(DBN)

Lawmakers pressure Bondi to release Epstein ‘client list’ Attorney General Pam Bondi said she hopes to release flight logs and "a lot of names" related to Jeffrey Epstein on Thursday
(DBN)

'Slap in the face:' Bongino appointment sends shockwaves through FBI
(DBN)

Latest DOJ Hire ‘Famous’ For Hanging Up Hitler Portrait
(DBN)

The man trying to turn prosecutors loose against Trump’s enemies
(DBN)

LAPD watchdog pushes for more transparency amid outcry over officers' alleged racist remarks
(DBN)

Eric Adams asks judge to prevent DOJ from reviving criminal case against him NYC Mayor Eric Adams claims prosecutorial misconduct, asking judge to dismiss criminal case
(DBN)

Corruption indictment against New Jersey power broker George Norcross is tossed
(DBN)

Tony Buzbee Still Has To Deal With Jay-Z’s Defamation Countersuit
(DBN)

Newsom orders parole board to assess public safety risk of freeing the Menendez brothers
(DBN)

Panama to formalize long-used migrant smuggling boat route to handle 'reverse flow' south Trump prepares to use controversial 1798 ‘Alien Enemies’ law to speed deportations Here’s What To Know About The Trump Administration’s Registration Requirement For Undocumented Migrants The predictable, horrific conditions at Guantánamo Trump Immigration Policies: What's Been Blocked, What's In Effect
(DBN)

Couple confided in fellow fliers about turtle skull on board, authorities say. They were in for a shock
(DBN)

Woman married her biological father so she could get his monthly VA benefits: Cops
(DBN)

Defense attorney accused of smuggling 'paper dope' into jail says he was set up
(DBN)

Cops pointed assault rifles at terrified children in raid on wrong home: Lawsuit
(DBN)

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Judges:

Judge indefinitely blocks Trump’s plan to freeze federal aid
(DBN)

Trump admin says order requiring payment of almost $2 billion is 'without legal basis'
(DBN)

Trump admin defied court, is trying to stall instead of unfreezing aid funds, groups say
(DBN)

Supreme Court Grants Trump Request to Halt Lower Court Order on Foreign Aid
(DBN)

Conservatives on the Supreme Court May Not Fully Align With Trump
(DBN)

Chemerinsky: SCOTUS likely to revisit whether president can fire executive branch officials without limitations
(DBN)

Biden-appointed labor board member suggests Trump is gunning for a Supreme Court showdown
(DBN)

Judge calls out Trump for running to SCOTUS as she extends lifeline for ethics enforcer
(DBN)

Board halts Trump's firing of 6 federal workers over probationary status
(DBN)

Trump Order to Curb Independent Agencies Has an Open Legal Path
(DBN)

Who Will Win in Donald Trump and Judiciary's Power Battle?
(DBN)

At Senate hearing, Trump Justice Department nominees are cagey on whether they’d follow court orders
(DBN)

Elon Musk And GOP Lawmakers Call For Impeaching Judges Who Rule Against Trump—Here’s Why That’s Unlikely
(DBN)

US judge briefly extends reinstatement of watchdog fired by Trump
(DBN)

The Supreme Court is in “radical agreement” that a bizarre DEI rule needs to go
(DBN)

Supreme Court seems likely to rule for Ohio woman claiming job bias because she's straight
(DBN)

Trump-Appointed Judge Slams DOJ's 'Extraordinary' Views on Jan. 6 Pardons
(DBN)

Sonia Sotomayor Just Dealt a Major Blow to Shady Prosecutors
(DBN)

California judge testifies that he accidentally shot and killed his wife
(DBN)

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Wall Street:

Stock futures rebound from February funk after Nvidia earnings top expectations
(DBN)

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Layoffs:

US Workers Cite Growing Layoff Fear in Philadelphia Fed Survey
(DBN)

They voted for Trump, but now they're losing their U.S. government jobs
(DBN)

DOGE barrels toward a fresh round of firings, the most widespread yet
(DBN)

Social Security Administration Staff to Be Cut in Half: Reports
(DBN)

As the tens of thousands of federal layoffs continue, Trump voters are going to feel the impact more acutely in their own communities and social circles
(DBN)

Federal Workers Who Ignore Musk Risk Their Jobs, Trump Warns Trump Warns 1 Million Federal Workers Might Be Fired in Wild DOGE Cabinet Meeting Monologue: ‘They Are on the Bubble’
(DBN)

Amid staff cuts and budget chaos, more than 700 national park employees take buyout
(DBN)

Forest Service chief retires after thousands of layoffs at the agency
(DBN)

Democrat introducing bill to rehire veterans caught up in Trump mass firings
(DBN)

USAID employees given 15 minutes to clear out offices
(DBN)

Is Laying Off 15,000 IRS Employees The Best Way To Improve The Agency’s Efficiency?
(DBN)

Trump administration orders federal agencies to prepare plans by mid-March for large-scale layoffs
(DBN)

Experts warn of federal government brain drain that could be ‘devastating’ for the U.S. economy
(DBN)

Beyond Meat to Cut Workers Across the Globe to Reduce Costs
(DBN)

Musk’s Ex-Twitter Workers Win Severance Over ‘Fork in the Road’ Email
(DBN)

HSBC cutting staff numbers by 900 at China Pinnacle unit
(DBN)

ON Semiconductor announces 2,400 job cuts
(DBN)

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Prisons:

23,000 federal prison workers are set to take pay cuts up to 25% next month
(DBN)

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Food/Beverage:

A Major Florida Orange Juice Company Could Be Headed For Bankruptcy
(DBN)

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Private Equity:

A Disastrous Buyout Exposes Fuzzy Math in Private Equity Deals
(DBN)

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Economy:

Lawler: Treasury Secretary Wrongly Says Fed Has Been “Big Seller” of Treasuries
(DBN)

Economists are starting to worry about a serious Trump recession
(DBN)

The Federal Reserve's favorite recession indicator is flashing a danger sign again
(DBN)

Trump’s Big-Picture Economist Already Has Wall Street Hooked
(DBN)

Donald Trump's "gold card" visa program already has 250,000 applicants Trump: Russian oligarchs eligible for $5 million residency 'gold cards' What Exactly Is Trump's 'Gold Card' Route to Citizenship? 'Greatest scam for laundering money in history': Ex-Obama official blasts new Trump scheme
(DBN)

Tariffs on China Risk Hurting US Economy More Than Data Suggest Trump tariffs would be devastating, say Mexican fashion designers Senate confirms Jamieson Greer to be Trump's top trade negotiator as battles loom Canada Launches Campaign in Washington Amid Tariff Confusion Mexico Peso, Canada Dollar Get Boost on Trump Tariff Comment Craft brewers expect Trump’s aluminum tariffs to raise the price of a six-pack Trump Sows Confusion Around Global Tariffs Timing, Scope Jeep Maker Urges Trump to Take Aim at Cars Without US Parts Steven Madden Plans to Raise Prices Due to China Tariffs Trump threatens to slap 25% tariffs on EU, says bloc was always meant to hurt the U.S. EU will respond to US tariff plan if needed, reaffirms French government spokeswoman Trump tariff policy an attack on EU industry and jobs, Italy's business lobby says China urges US to halt tariff probe into copper imports Trump's steel tariffs imperil China's steel transshipment trade India assessing Trump threat for tariffs on steel, aluminum, official says
(DBN)

Egg prices could jump another 41% this year, USDA says, as Trump's bird flu plan unveiled Agriculture Secretary's plan to combat avian flu and lower egg prices includes importing eggs
(DBN)

From egg prices to housing, US inflation is heating up again
(DBN)

How Trump's No Tax on Overtime Proposal Compares to Current Tax Procedure
(DBN)

Mike Johnson gives update on Social Security, Medicaid talks with Trump Johnson insists Republicans won’t cut entitlements to pay for Trump’s agenda Senate Republicans say House budget won’t fly with them
(DBN)

Democrats face decision point on shutdown strategy
(DBN)

Trump Pressures Apple to End DEI After Investors Reject Measure These U.S. Companies Are Not Ditching DEI Amid Trump’s Crackdown As Trump's deadline to eliminate DEI nears, few schools openly rush to make changes
(DBN)

Donald Trump Needs to Be Uninvited From G7 Summit: Canadian Politician
(DBN)

Were SNAP Benefits Cut? House Republican Budget Explained
(DBN)

Threat of Medicaid cuts looms over GOP lawmakers Johnson rules out steepest Medicaid cut options
(DBN)

What are the IMF and World Bank, and what happens if the US pulls support?
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

New Home Sales Decrease to 657,000 Annual Rate in January
(DBN)

MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
(DBN)

Florida Homeowners Could Lose $550,000 After Price Drop
(DBN)

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Oil/Gas:

Court approves Zachry Holdings bankruptcy reorganization plan
(DBN)

House Votes to Repeal Methane Fee as GOP Targets Biden Rules
(DBN)

BP to slash spending on net zero ventures as it focuses on oil and gas again
(DBN)

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Agribusiness:

Killing 166 million birds hasn't helped poultry farmers stop H5N1. Is there a better way?
(DBN)

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Insurance:

State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
(DBN)

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Politics:

Trump Airport, Trump Day: GOP Loyalists Try to Turn Adulation Into Law
(DBN)

Donald Trump's Favorability Gap Is Slipping, Poll Shows
(DBN)

George Conway: Trump ‘wants to have revenge on the United States of America’
(DBN)

Elon Musk’s business empire is built on $38 billion in government funding Dozens of DOGE ‘receipts’ saved no money and killed contracts meant to boost efficiency Elon Musk's Silicon Valley fail-fast ethos is clashing with Washington Elon Musk has no clue what he’s doing The Trump Staffers Who Get Paid by Private Clients Elon Musk’s DOGE Adventure Leads to Knotty Accounting Question for Tesla On X, Conservative Activists Find a Direct Pipeline to Musk’s Team Musk: Education Department has made most ‘progress with efficiency’ Elon Musk is wearing out his welcome at the White House Musk meets with Johnson as DOGE tension heats up Elon Musk attends Trump's first Cabinet meeting, describes DOGE as 'tech support' Musk claims DOGE ‘restored’ Ebola prevention effort. Officials disagree Who Is Jennica Pounds? DOGE 'Volunteer' Outs Herself after Doxxing Donald Trump issues new executive order on DOGE: What we know Veterans Affairs department halts billions in cuts praised by Elon Musk Man upset with Trump, Elon Musk wanted to burn down billionaire's AI facility: Cops
(DBN)

US government spending has not slowed under Trump so far, data shows
(DBN)

Tesla’s $400 million armored EV US gov contract was indeed shady
(DBN)

Trump Agencies Move to Centralize Contracts in Bid to Cut Costs
(DBN)

GOP Lawmakers Told to Skip Town Halls After Showdowns With Angry Voters Go Viral
(DBN)

Trump Tells Hegseth to Fire All Generals Involved in Afghan Exit
(DBN)

The anti-Trump resistance begins to wake in earnest
(DBN)

GOP leaders say they won't put reins on Trump and Musk in shutdown negotiations
(DBN)

‘Minnesota Miracle’ upended by new Republican House speaker
(DBN)

Meet the Senate GOP’s ‘House whisperer’
(DBN)

Transgender troops to be separated from military in new Pentagon directive
(DBN)

Republican warns new budget could be "devastating" for her state
(DBN)

Trump plan to freeze funding stymies Biden-era energy rebates for consumers
(DBN)

New book to detail ‘cover-up’ of Biden’s health decline before 2024 election
(DBN)

US Senate panel to press consumer watchdog pick
(DBN)

Trump administration says it’s cutting 90% of USAID foreign aid contracts
(DBN)

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Climate:

Trump’s EPA Plots Single Strike Against US Climate Change Rules
(DBN)

Trump's EPA Chief Seeks to Revoke Greenhouse Gas Rule Shaping US Policy
(DBN)

Montana scientists alarmed by wildfires encroaching on US towns
(DBN)

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Festivals:

Fyre Festival 2 tickets are on sale for up to $1.1 million after founder served prison time for defrauding investors of the first event
(DBN)

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Religion:

Pope’s Illness Is Surrounded by Intrigue Over Possible Resignation Pope Francis was in Vatican finance struggle before hospitalization
(DBN)

Christianity in US stops decline after years of losses: Pew The US Christian population has declined for years. A new survey shows that drop leveling off
(DBN)

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Media:

Bezos says Washington Post won’t publish op-eds that oppose ‘free markets and personal liberties’ Top Washington Post Columnist Has Blunt Four-Word Response to MAGA Makeover Legendary WaPo Editor Slams Bezos’ ‘Disgusting’ MAGA Makeover Washington Post Opinion Editor Quits Over Bezos Changes Dying in Darkness: Jeff Bezos Turns Out the Lights in the Washington Post’s Opinion Section
(DBN)

Fox News White House correspondent blasts new pool policy
(DBN)

White House Limits Newswires in Press Pool Takeover
(DBN)

White House kicks HuffPost, Reuters and foreign press out of first Trump Cabinet meeting
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Litigation Finance:

Russian Oligarch Wants Court Nemesis' Litigation Funding Details
(DBN)

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Mass Torts:

J&J Talc Unit Seeks Kirkland as Special Counsel in Bankruptcy
(DBN)

Maker of meme coins puts up new bid for Alex Jones' Infowars in Sandy Hook case: 'Get into the game' Alex Jones' Infowars Gets Bankruptcy Sale Push From AI Company
(DBN)

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Discharge:

Defamation, Bankruptcy & the First Amendment
(DBN)

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Aviation:

Spirit Airlines charts perilous course out of bankruptcy
(DBN)

Aero Parts Maker for Stealth Bomber, SpaceX Files for Bankruptcy
(DBN)

American Airlines flight discontinues landing to avoid departing plane at Washington National
(DBN)

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Healthcare:

Yale New Haven Health calls deal to buy Prospect hospitals ‘impossible.’ Here's how an auction could work
(DBN)

RFK Jr. targets childhood psychiatric drugs; doctors push back
(DBN)

Texas Measles Outbreak: First Death Reported As Over 120 Infected RFK Claims Measles Outbreak That Killed First U.S. Kid in Decades Is Totally Normal RFK Jr.'s response to Texas measles death sparks anger: "Downplayed It" GOP senator facing backlash for RFK Jr. support after measles kills child The political rise of the anti-vax movement West Texas doctors urging vaccination after measles death: ‘This is a big deal’
(DBN)

The Covid Alarmists Were Closer to the Truth Than Anyone Else
(DBN)

FDA cancels vaccine advisory meeting for choosing flu strains for next season’s shots
(DBN)

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Crypto:

FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees
(DBN)

A new crypto clash looms for Elizabeth Warren
(DBN)

Rout wipes $800bn from crypto market as bitcoin slump deepens
(DBN)

House Democrats take aim at $TRUMP crypto meme coin
(DBN)

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Autos:

Tesla Feels the Wrath of Anti-Elon Musk Backlash Elon Musk’s bad rep among Dems threatens EV sales push in statehouses
(DBN)

Woman caught planting explosives at Tesla store
(DBN)

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Education:

Group of pro-Palestinian protesters stage sit-in at Barnard College to protest student expulsions Pro-Palestinian protesters force their way into Barnard College building
(DBN)

With threats to diversity in schools, are Black male teachers in jeopardy?
(DBN)

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Agribusiness:

These Kansas farmers now face serious financial trouble after the Trump administration’s decision to freeze USAID
(DBN)

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Mail:

US Postal Service adopts new service standards to save $36 billion over 10 years
(DBN)

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UK:

Restructuring activity rises as companies feel the squeeze
(DBN)

Starmer Tries to Buy Ukraine Time With Trump Security Pitch
(DBN)

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EU:

High-level EU-US diplomatic talks are called off as transatlantic tensions rise
(DBN)

Trump vows to impose 25% tariffs on imports from the European Union
(DBN)

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Canada:

Anti-Trump sentiment drives dramatic upturn in fortunes for Canada’s Liberals
(DBN)

Trump adviser pushes unprecedented new punishment against Canada
(DBN)

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Russia:

Zelensky says framework economic deal with U.S. is ready but security guarantees undecided Trump confirms Zelenskyy agreement, White House visit Donald Trump might have made a bad mineral deal with Ukraine Economic deal between US and Ukraine will tie the countries together for years. Here’s what it says How Trump and Biden’s Focus on Minerals Became Core to U.S. Foreign Policy US support 'crucial,' Zelenskyy says amid mineral deal negotiations US will not give Ukraine security guarantees ‘beyond very much’, Trump says
(DBN)

Trump Says Ukraine Should 'Forget' NATO Ambitions Ahead of Zelensky Meeting
(DBN)

Rise of Putin’s ‘Eurussian Empire’ over next five years mapped out step by step
(DBN)

Trump, Starmer at odds over security guarantees for Ukraine ahead of critical talks UK's Starmer says only U.S. 'backstop' can secure lasting Ukraine peace
(DBN)

Zelenskiy invited to special EU summit on support for Ukraine
(DBN)

GOP lawmakers sound alarm over Trump’s Ukraine strategy
(DBN)

Was 40-year-old Trump recruited by the KGB?
(DBN)

Where NATO members rank on defense spending
(DBN)

Russia's Airspace Violations Spur NATO Ally Into Action
(DBN)

Viral Video of Don Jr. Arguing America ‘Should Have Been Sending Weapons to Russia’ Is Fake
(DBN)

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MENA:

Iran accelerates production of near weapons-grade uranium, IAEA says, as tensions with US ratchet up Iran Has Enough Highly Enriched Uranium for Six Nuclear Weapons
(DBN)

Israeli Official: Hamas Hands Red Cross Bodies of 4 Hostages Held in Gaza
(DBN)

Days ahead of ceasefire expiry, Israel says it won’t withdraw from Gaza-Egypt border
(DBN)

Hamas says it's ready for more ceasefire talks after prisoner exchange
(DBN)

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Venezuela:

Trump to End Chevron License in Venezuela in Blow to Maduro Chevron Reacts After Trump Ends Venezuelan Oil Permit
(DBN)

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Taiwan:

Trump Declines to Say If US Would Protect Taiwan From Invasion
(DBN)

Taiwan mobilizes air, sea, land forces as China launches surprise live-fire invasion drills
(DBN)

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China:

Battle for scraps of China's collapsed developer Evergrande intensifies
(DBN)

China developer Yuzhou needs cash to proceed with restructuring
(DBN)

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South Africa:

‘White genocide’ in South Africa is not real, court rules in estate case
(DBN)

South African leader wants to do a deal with Trump to resolve dispute
(DBN)

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India:

Bailing Businesses, Boosting Banks: Understanding the Evolution of Insolvency and Bankruptcy Law in India
(DBN)

IBC not a tool for debt collection
(DBN)

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