February 6, 2025

The Daily Bankruptcy News

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Law:

Reed Smith plans to open Atlanta office with 37 lawyers from these 2 law firms
(DBN)

SCOTUSblog's Tom Goldstein Fights Release Terms for Tax Charges
(DBN)

Kraken Lawyer Slips Out Of Discipline For Election 2020 Interference
(DBN)

Helping Hands: The Value Proposition Of Remote Work For Law Firms
(DBN)

Venezuelan gangsters are hiding out in US nightclubs, agents are smashing them there
(DBN)

Local law enforcement officials across U.S. say they lack resources needed to help detain migrants Trump Migrant Deportation Numbers Compared to Obama, Biden Trump Administration Reverses Course, Will Restart Legal Aid for Migrants Mexico Sends 10,000 Troops to Border—What Difference Will It Make? Lawsuit filed over Trump's 'unprecedented power grab' to shut down border asylum Eric Adams to testify before House Oversight Committee on ‘sanctuary cities’ ‘Frankly Insane’: Trump’s Plan to Ship Migrants to Guantanamo Could Quickly Collapse 'Dreams shattered' as Trump deports Indians ahead of Modi trip Opposition lawmakers protest alleged mistreatment of Indian deportees by US Guatemala Agrees to Accept More Deportees During Rubio’s Visit
(DBN)

Trump seeks 'unchecked power to determine citizenship by executive fiat,' states say Another Federal Judge Rebukes Trump's Birthright Citizenship Order Judge cements block on Trump’s order restricting birthright citizenship
(DBN)

EPA funds still frozen despite agency memo, lawmakers’ pressure
(DBN)

Pardoned Ex-Proud Boys Leader Announces He Will Run for Office: ‘Two Weeks Ago I Was in Prison … Last Night I Was in Mar-a-Lago’
(DBN)

Fired NLRB Board Member Sues Trump
(DBN)

New Fani Willis, Jack Smith Communication to Be Released
(DBN)

U.S. Attorney Ed Martin Blows Past Another Ethical Line
(DBN)

New York Attorney General Tish James Takes Big Swing Against Donald Trump’s Transgender Care Executive Order
(DBN)

Trump’s FBI Purge Steps Up A Notch DOJ Says FBI Agents Who 'Followed Orders' on Jan. 6 Probes Won't Be Fired As Bondi takes over Justice Dept., official pledges no revenge on FBI agents Pam Bondi issued a flurry of orders on Day 1 as Trump's attorney general Trump's attorney general says lawyers who refuse orders could be fired
(DBN)

Ex-Trump defense lawyer, current No. 2 at DOJ accuses acting FBI head of 'insubordination'
(DBN)

Threats against federal officials surging, Capitol police report shows
(DBN)

‘Fed Up With Fake News’: CNN Juror Would Have Awarded Up to $100 Million in Punitive Damages
(DBN)

Trump defying '90 years of Supreme Court precedent' in firing labor board member: Lawsuit
(DBN)

Why Trump Welcomes Court Fight Over Funding Freeze
(DBN)

Luigi Mangione's free-of-charge death penalty lawyer also repped WTC bomber Ramzi Yousef
(DBN)

Woman's online meetup turns 'terrifying' when would-be date puts a gun to her head: Cops
(DBN)

Woman shocked at charges for allegedly siccing rottweiler to attack 9-year-old
(DBN)

Man who confronted Walgreens customer for looking 'too hard' at girlfriend shot dead: Cops
(DBN)

Man forced paramedic to wear dog shock collar before killing her 'execution-style': Feds
(DBN)

Man murdered girlfriend after learning she traveled to another state to get an abortion
(DBN)

Man kills woman's pug 'in a rage' after being rejected by her repeatedly: Cops
(DBN)

Bicyclist kidnapped driver at knifepoint after she hit him with her car, police say
(DBN)

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Judges:

Judge Rebukes Lawyer Over 'Outrageous' Request to Keep Mueller Witness In US
(DBN)

This ‘reinvigorated’ doctrine could be used to challenge Trump’s tariffs
(DBN)

An interview with Judge Frank Caprio, America’s nicest judge—just ask his 20M followers
(DBN)

Mitch McConnell Sure Knew How To Play Hardball With The Federal Judiciary
(DBN)

New York Judge Forced Out After Saying He Couldn’t Be Impartial
(DBN)

Silicon Valley Judges Ask Lawyers to Cut Out the Gamesmanship
(DBN)

Benchslapped! Federal Judge Does Not Take Kindly To Litigation Via Press Release
(DBN)

Who won election to top North Carolina court? Case belongs in state court, for now, 4th Circuit says
(DBN)

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Wall Street:

S&P 500 futures tick higher after latest batch of earnings reports
(DBN)

Dow closes 300 points higher for back-to-back gains as investors look past tariff tumult
(DBN)

European stocks are beating the U.S. so far this year.
(DBN)

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Layoffs:

Adidas To Cut 500 Corporate Jobs: Company Structure 'Too Complex'
(DBN)

New CIA Director Initiates Buyouts to Align Agency With Trump Admin Goals
(DBN)

Trump OPM buyout offers leave federal workers with risky decisions Musk aims to hobble federal workers ahead of 'buyout' deadline US government workers face buyout deadline as Trump presses ahead with overhaul Pritzker Warns Federal Workers in Illinois Against Musk Buyout Is it real or is it a trick? Federal workers debate legitimacy of buyout offer as deadline nears
(DBN)

US federal employees fear mass firings as Thursday buyout deadline nears Nearly 30,000 federal workers in Kansas City brace for layoffs
(DBN)

Workday Axes 8.5% Of Its Workers: 'Realize This Is Tough News'
(DBN)

Sonos Cuts 12% of Workers
(DBN)

Without USAID funding, Kansans who help children with disabilities lose jobs
(DBN)

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Coal:

Coal-burning companies ask Trump to drop rules demanding clean up of toxic waste
(DBN)

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Autos:

Nissan shares plunge on report of merger with Honda turning south Nissan open to new partners, sources say, including Foxconn Nissan Looking for New Partner as Honda Deal Set to Collapse
(DBN)

Tesla sales are diving in Germany and across Europe too Tesla sales in Europe are sliding. That's a problem for Elon Musk.
(DBN)

Trump’s 10% tariff hike on imports from China will affect Ford and GM, billions of dollars in parts
(DBN)

Ford’s weak guidance sends automaker’s stock sliding Ford Sees Sharp Profit Drop as Trump Tariff, EV Threats Loom
(DBN)

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Retailing:

Forever 21 contemplates second bankruptcy filing in five years - WSJ Mall fixture fashion chain sparks fears of mass store closures as it mulls bankruptcy
(DBN)

Store closings may accelerate as retailers face problems far beyond tariffs
(DBN)

Bargain Hunt files for bankruptcy and launches closing-down sale
(DBN)

Popular fashion company files for bankruptcy, will close 120 stores
(DBN)

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Agribusiness:

Deadly version of H5N1 bird flu spills over into Nevada dairy cattle
(DBN)

US Cattle Herd Continues To Drop: 'New Record Low'
(DBN)

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Economy:

Payrolls Grew More Than Expected In January: ADP Jobs Report
(DBN)

US Warned of 'Death Spiral' of Debt
(DBN)

US Jobs Will Get Marked Down, But Not as Much as Once Feared
(DBN)

World Inflation at Risk of Rekindling With Trump’s Trade War
(DBN)

Fed’s Goolsbee Warns Against Ignoring Tariff Inflation Impact
(DBN)

US Trade Gap Swells In 2024 As Deficits Under Fresh Scrutiny
(DBN)

Black College Students More Confident They'll Find Jobs Than White Students
(DBN)

China Holds Out Hope Last-minute Deal Can Avert US Trade War Trump Tariffs Would Hit Texas the Hardest USPS Reverses Decision And Resumes Delivering Packages From China And Hong Kong US Shoppers Face Fees of Up to $50 or More to Get Packages From China Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation Canadians Support Using Oil as Weapon If Trump Starts Trade War Trump’s Ban of Trade Loophole Will Cut China Growth, Nomura Says China Files at WTO Over Trump’s 10% Tariffs, Calling for Talks Canadian Pantyhose Maker Furloughs 40% of Staff on Trade-War The Globe-Trotting Sports Power Broker Now Caught in the Middle of Trump’s Trade War Many Canadians See US Rift Beyond Repair Mexican border cities are in limbo as tariff threats spark fears of a recession
(DBN)

U.S. ran the biggest trade deficits with China and Mexico in 2024. What about Canada?
(DBN)

Gen Z Keeps Getting Fired: Why 94% Of Business Leaders Find Them Challenging To Manage
(DBN)

Trump wants a US sovereign wealth fund. Here’s what that could mean.
(DBN)

Big Four Shun Return-to-Office Push, Stick With Hybrid Instead
(DBN)

US Skipping G20 Talks Due To S. Africa's 'Anti-American' Agenda: Rubio
(DBN)

Google scraps diversity-based hiring targets
(DBN)

Republican Senators Break With House Over Trump Tax Cuts Strategy
(DBN)

Corporate profits are near all-time highs, while wages are near lows. How long can this last?
(DBN)

Realtor.com shifts headquarters to Texas from California
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

California's largest home insurer wants to hike rates by 22% for homeowners to help pay for LA's wildfires
(DBN)

VC-Backed Startup Accused of Gouging LA Fire Victims on Rent
(DBN)

Homebuyer mortgage demand drops further, a troubling sign for the spring market
(DBN)

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Municipalities:

Will Houston go bankrupt? City Controller Chris Hollins says yes
(DBN)

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Oil/Gas:

There’s No Magic Solution To The Slowdown In U.S. Output Growth
(DBN)

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Politics:

Bitter Dems move to impeach Trump again as they erupt into furious shouting match over Elon Musk subpoena GOP support for Musk influence with Trump falls dramatically: Poll Mike Johnson says there's a 'gross overreaction' over Elon Musk's efforts to cut government spending: 'Not a power grab' Trump and Musk’s dismantling of government is shaking the foundations of US democracy Trump, Musk Roll Over Republicans With Grab for Congress’ Powers White House Says Musk Will Police His Own Conflicts of Interest DOGE Access to Treasury Records Restricted by Justice Department Elon Musk's Companies Caught In Political Line of Fire The Democratic resistance is reawakening — and Elon Musk is its new villain Inside the Elon Musk-Jim Jordan ‘mind meld’ shaking up Capitol Hill The plot to asset-strip American government Reddit community banned as user spat with Musk intensifies Elon Musk’s Enemy, USAID, Was Investigating Starlink Over Its Contracts in Ukraine Musk issues vulgar reply to lawmaker who 'would have voted yes' to subpoena the DOGE head 'Gobsmacked' senators demand to know extent of Elon Musk's access to Americans' data 'People should be freaking out': Expert flags trick Trump using to shield Musk from law Elon Musk's Net Worth Has Dropped Since Donald Trump Took Office 'Huge Waste Of Taxpayer Money': Musk's DOGE Cancels $8M+ In Politico Subscriptions House Dem proposes bill named after Musk ending federal contracts for special government employees Musk’s cost-cutters to ‘plug in’ to air traffic control system, Trump’s transportation chief says Is Elon Musk's government efficiency drive legal? Doge staffers enter NOAA headquarters and incite reports of cuts and threats ‘They’ve done their homework': The unexpected power of Musk’s digital assault on Washington
(DBN)

Donald Trump's playbook for privatizing America's government
(DBN)

Trump makes unsubstantiated claim billions stolen at USAID Angry USAID Backers Turn on Democrats for Failing to Fight Back Rubio Says ‘Insubordination’ Inside USAID Forced Sweeping Action Musk's Huge Conflict of Interest with USAID
(DBN)

Trump-backing Muslim voters finally realize they 'made a big mistake': expert
(DBN)

When Your Country Hits The Skids
(DBN)

C.I.A. Sends White House an Unclassified Email With Names of Some Employees
(DBN)

The Downside to Purging ‘Disloyal’ Government Workers
(DBN)

Greenland calls for snap election as Trump looms
(DBN)

Trump Shares the Founders' Delusions on Canada
(DBN)

Former Defense Secretary Mark Esper's security detail revoked
(DBN)

Trump meets with Newsom, Abbott
(DBN)

Senate Democrats vow rare overnight session to protest Trump’s ‘most dangerous nominee’
(DBN)

50501 Movement Fuels Anti-Trump Rallies Across the US: Live Updates
(DBN)

California farmers still love Trump, even after he dumped their water
(DBN)

How Trump’s ‘Iron Dome For America’ Upends Four Decades Of Nuclear Doctrine
(DBN)

US Claims Free Passage Through Panama Canal
(DBN)

NASA Ordered to Remove Anything About ‘Women in Leadership’ From Its Websites: Report Women, Blacks at NSA Fall of Fame Removed
(DBN)

West Point Shuts Down Clubs for Women, Blacks
(DBN)

Trump Administration Ramps Up Move to Scrub DEI From Government
(DBN)

____________

Media:

The Final Flicker of Cable News As We Know It
(DBN)

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Cannabis:

Cannabis stocks climb on RFK Jr. committee vote and Senate banking hearing
(DBN)

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Healthcare:

Operator of Lutheran Home in Arlington Heights files for bankruptcy protection
(DBN)

DOGE officials home in on Medicare, Medicaid offices
(DBN)

Florida Starts Removing Fluoride From Drinking Water
(DBN)

____________

Sports:

He was World. No 5, won a Grand Slam title but declared bankruptcy and ended up in jail
(DBN)

Women’s soccer league reaches $5M settlement with abused players
(DBN)

Harvard Sued for Letting Trans Athlete Swim in Women’s Race
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (27 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Alex Jones Bankruptcy Judge Denies Sandy Hook Families' Deal Judge Blocks Settlement, Further Complicates Alex Jones' Bankruptcy Case Judge blocks Sandy Hook families’ settlement in Alex Jones’ bankruptcy: ‘I can’t do that’ Judge denies Sandy Hook families' deal for a new auction of Alex Jones' Infowars
(DBN)

New Orleans clergy abuse: Lawyer says claims that Saints emails protected by court order have no basis
(DBN)

____________

Aviation:

The curious case of the Boeing plane that diverted four times in 25 days
(DBN)

Plane Passenger Stunned by Email They Receive the Night Before Flight With Family: 'How Is This Allowed?'
(DBN)

Musk’s cost-cutters target US aviation system
(DBN)

Former SpiceJet Pilots File Bankruptcy Plea Over Rs. 3 Crore Unpaid Dues
(DBN)

____________

Crypto:

Novel Issues in the Crypto Bankruptcy Cluster
(DBN)

WazirX Creditors Face Tough Choice in Upcoming Restructuring Vote
(DBN)

Coinbase Files Amicus Brief to Protect Prime Trust Customers’ Assets in Bankruptcy Case
(DBN)

____________

Climate:

Trump rescinds $4B in pledges for UN climate fund
(DBN)

____________

Tech:

Banks sell down $5.5 billion of Musk's X debt to investors, source says
(DBN)

Yale Law Grad Wants You To Go To Jail If You Download DeepSeek
(DBN)

DeepSeek Limits Access to AI Model as Demand Strains Capacity
(DBN)

How DeepSeek could deliver another blow to the stock market
(DBN)

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Banking:

Fed releases 2025 bank stress test scenarios
(DBN)

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Food/Beverage:

Egg Prices Hit $9 A Dozen In California Amid Bird Flu Outbreak
(DBN)

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Car Washes:

Private Credit Lenders to Take Over Zips Car Wash Through Bankruptcy
(DBN)

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Radio:

Amid Bankruptcy, High Plains Sells Eleven to E Radio Network
(DBN)

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UK:

New business numbers rise in the Midlands as insolvency-related activity drops - R3
(DBN)

Bank Of England Set To Cut Interest Rate
(DBN)

____________

EU:

EU court upholds €320M fine against Poland for violating rule of law
(DBN)

____________

MENA:

Global fury builds over Trump’s plan to turn Gaza into the Middle East ‘Riviera’ 5 takeaways as Trump’s Gaza Strip proposal reverberates Trump's plan for U.S. to "take over" Gaza amid Israel-Hamas ceasefire rejected by allies and adversaries How Trump’s Gaza real estate dream took shape: Billionaire property developer friend and son-in-law are at centre of deal Susie Wiles Shoots Daggers at Trump During Unhinged Gaza Press Conference Rand Paul Slams Trump’s Gaza Plan After Opposing Tariffs: ‘I Thought We Voted America First’ Trump Aides Seek to Tone Down His Proposal for US to ‘Own’ Gaza Mulvaney says Trump’s Gaza Strip proposal ‘wasn’t him’ Trump aides knew he wanted to take over Gaza but had no plan White House Says Trump 'Not Committed' to Sending US Troops to Gaza Trump's plan to 'take over' Gaza, in his own words Trump’s Gaza fantasy is a recipe for a forever war 'Trump may very well have gotten the U.S. into another war': MSNBC reporter in Tel Aviv UK’s Starmer breaks with Trump on Gaza ‘Riviera’ plan 'Moving the goalposts of crazy': Trump adviser astonished by president's message International backlash after Trump proposal to take over Gaza Can Trump actually take over Gaza? Trump adviser defends Gaza plan, says it will "bring the entire region" to reach its own solution 'The Worst Idea Since Iraq'—Experts on Trump's Gaza Plan United Nations chief warns Trump against ethnic cleansing in Gaza UK will oppose any effort to displace Palestinians, minister says Libya prepares 4,000 tons of aid to ship to Gaza Iran says Trump's Gaza proposal follows Israeli plans to 'wipe out' Palestinians China says it opposes Trump's Gaza takeover proposal Trump Call for Gazans to Depart Echoes in Their Destroyed Homes Egypt Pushes Against Gaza Displacement Call With Rebuilding Plan
(DBN)

Israel orders army to prepare for 'voluntary departure' of Gazans after Trump unveils plan
(DBN)

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Russia:

Ukraine reels in Trump with mineral riches The war in Ukraine has become a war for rare earth dominance
(DBN)

Ukraine Leader Zelensky Calls Tucker Carlson a 'Blogger,' Tells Him to 'Stop Licking Putin's Ass'
(DBN)

Russian state media airs naked Melania images
(DBN)

Kremlin says talks with US have ‘intensified’ in recent days
(DBN)

Russia supported sabotage spree in Germany to roil election campaign, report says
(DBN)

US Set to Unveil Trump Plan to End Three-Year War in Ukraine
(DBN)

EU hails 'major' progress on plan to set up special tribunal to judge Vladimir Putin
(DBN)

____________

China:

China’s online shopping boom faces EU crackdown EU Seeks New Import Fee On E-commerce Packages
(DBN)

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Ecuador:

Drug gangs in Ecuador turn to "death saint" for protection — and allegedly human sacrifices
(DBN)

The Salvadoran Mega-Prison Offering to Take America’s Worst Criminals
(DBN)

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Germany:

The US is ‘no longer the America we used to know,’ warns Germany’s Merz
(DBN)

Germany Starts Preparing for War
(DBN)

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Venezuela:

US Set to Announce Seizure of Venezuela Vice President’s Plane
(DBN)

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Australia:

Antisemitic Attacks Mar Australia’s Legacy as a Haven for Jews
(DBN)

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Malaysia:

Malaysia forms cross-border insolvency reform committee
(DBN)

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India:

Homebuyers To Get Possession Of Flats, Plots During Insolvency Process
(DBN)

IBBI moves to tweak Bankruptcy Code for speedier resolutions
(DBN)

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