July 2, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Despite Series Of Losses, Trump Is Trying, Again, To Defend His Biglaw Executive Orders
(DBN)

What Does the Future of DEI Programming for Law Firms Look Like?
(DBN)

Law Firm Mergers Up 21% In First Half Of 2025
(DBN)

2025 Is A Good Year For A Biglaw Merger
(DBN)

This midsize firm is in merger talks after losing over one-third of its lawyers
(DBN)

Cadwalader Restructuring Duo Fuels Latest Growth at Haynes Boone's New York Office
(DBN)

Willkie Adds Restructuring Partner Paul Labov in New York
(DBN)

Kelly Drye elects new bankruptcy partner
(DBN)

A&O Shearman Wants Its U.S. Attorneys in the Office More
(DBN)

Merged law firm will be called McDermott Will & Schulte after partner vote
(DBN)

‘Like Cattle at a Sale Barn’: Four Minnesota Firms in $1.51B Syngenta Settlement Accused of Malpractice
(DBN)

The Fading Magic of Slaughter and May and Ashurst
(DBN)

‘Infinite Workday’ Culture Poses Growing Legal Risks for Employers
(DBN)

The Top Biglaw Firms In California (2026)
(DBN)

This Law Firm Partner Will Never Stop ‘Clowning Around’
(DBN)

The Curse Of Sameness: Why Your Elevator Pitch Isn’t Working
(DBN)

The Lawyer Who Became the Face of Trump’s Deportation Agenda
(DBN)

Trump says migrants would need to know ‘how to run away from an alligator’ to flee Florida facility Trump says he'd like to see facilities like 'Alligator Alcatraz' in other states Florida Taps Contractors With No Detention Experience for ‘Alligator Alcatraz’ U.S. holding detainees from Asia, Africa and Europe at Guantanamo Bay immigration facilities Trump vowed to deport 'worst of the worst' -- but ICE is also arresting non-criminals NYC’s Immigration Arrests Jump 11%, Putting Sanctuary City to Test Florida cooperation with immigration enforcement sparks fears people will disappear into jails Protesters shut down Sixth Street bridge in downtown Los Angeles
(DBN)

Every legal route to US residency, explained
(DBN)

Trump nominates prosecutor who arrested New Jersey mayor, charged congressmember over ICE raid
(DBN)

Former FBI agent pardoned by Trump for Jan. 6 charges now serving at DOJ: Sources
(DBN)

Paramount Settles Trump’s ‘60 Minutes’ Suit for $16 Million
(DBN)

Trump Is Wrong About Birthright Citizenship. History Proves It.
(DBN)

LA mayor: Trump administration lawsuit ‘an attempt to overturn the will of the city’
(DBN)

Trump’s Lawyers Go To Iowa To Learn How To CivPro
(DBN)

Justice Department says 2 Chinese nationals charged with spying inside the US for Beijing
(DBN)

Iowa Pollster’s Attorneys Slam Trump for Refiling ‘Sham Lawsuit’ in State Court Right After Dropping Fed Complaint
(DBN)

Mystery surrounds the Jeffrey Epstein files after Bondi claims ‘tens of thousands’ of videos
(DBN)

Sean 'Diddy' Combs trial updates: Jury requests Cassie Ventura, escort testimony Sean ‘Diddy’ Combs trial: Jurors reach verdict on 4 of 5 counts
(DBN)

Stab Victim's Secret Stash Was Stumbled Upon During Surgery
(DBN)

The Burglars Who Snatch A.T.M.s Instead of Robbing Banks
(DBN)

Deputy killed in what sheriff says was an ambush
(DBN)

Dad threatens 3 'deathly terrified' young kids, shoots family chihuahua to death: Cops
(DBN)

Texas capital murder case attempts to severely punish abortion pill use by treating a fetus as a person
(DBN)

Mom locked kids in shed next to highway and grandma 'refused' to watch them: Deputies
(DBN)

Dad beat 9-year-old son with broom handle, belt because he fell asleep on couch, cops say
(DBN)

Dad 'sealed' baby in 'bucket of laundry detergent' to teach wife 'a lesson'
(DBN)

Suspect Confesses to Crucifixion Murder of Beloved US Pastor, Planned to Kill 14 More Faith Leaders
(DBN)

Man arrested for allegedly posing as US Marshal during attempted robbery, police say
(DBN)

'Opposite of what we wanted': Idaho victim's dad slams Kohberger plea deal Idaho murder case highlights limits of victims’ input in plea bargains
(DBN)

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Judges:

Court limits on nationwide injunctions pose challenge for those fighting Trump’s agenda
(DBN)

Trial Court Decides Case Based On AI-Hallucinated Caselaw
(DBN)

Amy Coney Barrett Is the Most Interesting Justice on the Court
(DBN)

US Gives Birthright Case Judge Assurances Amid Deportation Fears
(DBN)

US Tells Court It Can’t Locate Man Wrongly Sent to El Salvador
(DBN)

Buoyed by the Supreme Court, Trump to press forward on firings and social agenda
(DBN)

Federal judge finds HHS mass layoffs likely unlawful Judge torches Trump admin for trying to fire 10,000 HHS employees in sharply worded order
(DBN)

Fired climate scientists sue Trump admin in class-action lawsuit looking for payday
(DBN)

US judge blocks Trump administration move to overhaul health agencies
(DBN)

Appeals court allows Georgetown researcher, previously detained by ICE, to remain free
(DBN)

Judge slams Trump admin, says he won't tolerate 'retribution' over witness testimony
(DBN)

Boasberg joins chorus of judges in denying Jan. 6 restitution refunds, rejects couple
(DBN)

How MAGA-Friendly is the Roberts Court?
(DBN)

Senate Judiciary Democrats launch probe into whether Trump officials violated court orders
(DBN)

Appeals court rules Alabama violated constitutional rights of man sentenced to death
(DBN)

Litigation finance tax, limits on contempt power dropped from Senate’s version of budget megabill
(DBN)

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Wall Street:

Stock futures inch higher after tech slide to start the second half
(DBN)

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Layoffs:

Top Democrat unveils bill requiring State Department layoff notice
(DBN)

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Tech:

San Francisco tech company once worth $425 million goes bankrupt
(DBN)

Bezos’ company nears having more AI robot workers than humans
(DBN)

Video Shows Drone Rescuing Stranded Man During Flood
(DBN)

Gen Z workers use AI to solve an old-fashioned office problem
(DBN)

Generative AI is making running an online business a nightmare
(DBN)

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Retailing:

Saks Is at a Crossroads, Facing Creditor and Vendor Unease
(DBN)

Shopping: Shrinking Snacks, Sustained Sales: The Rise of Smaller Packs in the Battle for Consumers
(DBN)

Creditors vote to wind up Mosaic Brands, probe ongoing
(DBN)

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Economy:

Powell says Trump's tariffs have delayed lower rates but won’t rule out July cut Powell confirms that the Fed would have cut by now were it not for tariffs Trump on Fed Chair: Anybody Would Be Better Than Powell Powell reiterates Fed will wait for more data before cutting rates
(DBN)

BLS: Job Openings Increased to 7.8 million in May US job openings in May hit 7.8 million US Job Openings Climb to Highest Since November, Led by Leisure A Welcome Surprise For The U.S. Job Market
(DBN)

Challenge to dollar supremacy a long way off, central bankers say
(DBN)

Kasich: GOP megabill ‘another effort to kick the can down the road’ on ‘tremendous fiscal problems’
(DBN)

ISM® Manufacturing index Increased to 49.0% in June
(DBN)

Global powers scale back US tariff talks CEO Spends 1.83 Million Amex Points to Pay Surprise Tariff Bill Japan PM says determined to protect national interests amid tariff stalemate Trump’s 35% Tariff Threat Feeds Japan’s Worst-Case Scenario Fear Japan’s Trade Strategy Tested as Trump Pushes for Quick Deals Trump Sticks With July 9 Tariff Deadline While Criticizing Japan
(DBN)

New Research: Small Business Owners Remain Optimistic, Despite Tariffs
(DBN)

This New Stagflation Coming Won’t Feel Like the ‘70s.
(DBN)

Gold Rises With Trump’s Tax Bill Seen Widening US Deficits
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Bankruptcy lawyers for Joel Wiener can’t tap rental income, judge says
(DBN)

Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in May; Fannie Multi-Family Delinquency Rate Near Highest Since Jan 2011 (ex-Pandemic)
(DBN)

Corvias’ Georgia student housing LLC files for bankruptcy
(DBN)

Homes Are Taking Longer to Sell in US Markets That Once Flourished
(DBN)

Celebrity Broker Sues National Association of Realtors Over House Listings
(DBN)

NYC’s Rent-Stabilized Apartment Prices to Rise at Least 3%
(DBN)

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Municipalities:

Toms River school leaders defy NJ on shutdown, but also prep for bankruptcy
(DBN)

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Oil/Gas:

YPF turnover ruling casts shadow over Argentina shale hopes, FX
(DBN)

Citgo Auction Adviser Recommends Gold Reserve Bid
(DBN)

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Politics:

Thune says Senate Republicans have a deal to pass Trump megabill Vance breaks 50-50 tie as Senate passes GOP megabill after voting around the clock The Republican tax bill, explained in 500 words GOP Senator Blasts Trump’s Bill Moments After Voting for It Which GOP senators voted no on Trump's bill How John Thune got Trump’s bill out of trouble House GOP fumes over Senate megabill: ‘How did it get so much f---ing worse?’ ‘S--- Show!’ Marjorie Taylor Greene Trashes Drama Over Trump’s ‘Big Beautiful’ Bill — Says She ‘Can’t Imagine’ it Will Pass the House Trump Tax Bill Hits Republican Resistance in House Ahead of Vote House conservatives threaten floor revolt over Trump megabill Chip Roy on Senate changes to GOP megabill: ‘Travesty’ House members battle storms to get back to DC for Trump megabill vote Dozens arrested protesting GOP megabill Polls show Americans largely oppose Trump's 'One Big Beautiful Bill' Republicans ignore debt worry as they push forward on Trump tax-cut bill The most surprising victim of Trump’s terrible tax agenda Warren on Senate passing GOP megabill: ‘I’m angry. You should be too’
(DBN)

Republicans in Congress see highest approval rating in more than a decade: Poll
(DBN)

Trump Threatens to Deport Elon Musk by Using DOGE: ‘DOGE Is the Monster’ That Might ‘Eat Elon!’ Trump says DOGE 'might have to go back and eat' Elon Musk after his criticism of the GOP bill Trump escalates feud with Musk, threatens Tesla, SpaceX support Musk Vows to Back Trump’s Nemesis as Their Feud Explodes Bannon targets Musk over call for third party Elon Musk Claims Steve Bannon Is ‘Going Back to Prison’ for a ‘Long Time’ Amid Trump Feud Trump ally launches new super PAC to counter Musk Elon Musk’s Net Worth Plunges $12 Billion As Trump Targets Musk’s Empire In Feud
(DBN)

The Godfather Presidency: How Donald Trump’s Governing Style Mimics the Mob
(DBN)

Majority Of Americans Say Political Violence Now A 'Major Problem,' Worried Democracy Is At Risk
(DBN)

Trump Announces He’s Selling $250 Bottles of Cologne and Perfume as the Senate Debates Future of His Big, Ruinous Bill
(DBN)

Voting for Trump is about to cost this MAGA county billions
(DBN)

Allred launches second Senate bid in Texas
(DBN)

Mamdani formally wins Democratic primary for NYC mayor Official Results Show Mamdani Crushed Cuomo Mamdani slams Trump arrest threat: ‘If you speak up, they will come for you’ Stephen A. Smith: Democrats will ‘have no chance’ if they become like Mamdani
(DBN)

George Bush launches rare critique of Trump
(DBN)

Rubio Unleashes Fresh Broadside Against USAID on Its Final Day
(DBN)

Republicans Are Quietly Strangling the Filibuster for Trump
(DBN)

Roughly 30 percent of 2024 voters used mail ballot: Research
(DBN)

44 percent say US becoming less patriotic: Survey
(DBN)

US Air Force uses leftover ICBM funds to revamp Qatar plane
(DBN)

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Comic Books:

Andrew Aiello, Tom Derby & Ben Davis Buy CGA After Diamond Bankruptcy
(DBN)

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Consumer Protection:

Consumer Financial Protection Bureau dismisses $95M overdraft case vs. Navy Federal Credit Union
(DBN)

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Education:

Penn to ban trans women from sports, remove trans swimmer’s records in deal with Trump administration Penn Reaches Deal With Trump Officials Over Trans Woman Swimmer
(DBN)

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Food/Beverage:

Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings Del Monte’s US unit files for bankruptcy, secures nearly $1-B financing ahead of asset sale plan Del Monte Foods initiates bankruptcy proceedings in US: What went wrong in the business? Explained Popular Canned food company Del Monte files for bankruptcy Grocery Staple Del Monte Foods Faces Bankruptcy After 135 Years on Pantry Shelves Del Monte Foods files for bankruptcy; SGX-listed parent has over US$700 million exposure to US unit
(DBN)

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Student Debt:

Senate passes big changes to student loans in reconciliation bill
(DBN)

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Autos:

US Auto Sales Lose Steam After Tariff-Induced Shopping Spree
(DBN)

Consumer perception of Tesla plummets among both Democrats and Republicans: survey
(DBN)

Tesla sales rise in Norway and Spain, boosted by Model Y
(DBN)

Stellantis US Sales Drop 10% Despite Ram Recovery
(DBN)

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Movie Theaters:

Dine-In Theater Chain CMX Cinemas Files for Second Bankruptcy
(DBN)

AMC Secures $223M In New Funds To Refinance Debt And Settle Litigation
(DBN)

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Crypto:

Judge Greenlights Celsius’s $4B Showdown With Tether
(DBN)

Argo Stock Crashes Over 60% Amid Bitcoin Mining Restructuring to Avert Insolvency
(DBN)

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Labor:

Thousands of city workers strike in Philadelphia, affecting trash pickup, libraries and 911 calls
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (49 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Sales:

The 23andMe Court Got It Right; Is that Wrong?
(DBN)

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Bankruptcy Research:

Bankruptcy Law’s Doctrinal Evolution: An Empirical Study
(DBN)

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Mass Torts:

Diocese of Fresno files for Chapter 11 bankruptcy amid sexual abuse claims Diocese of Fresno voluntarily files for bankruptcy Diocese of Fresno filing for bankruptcy amid claims of sexual abuse by clergy members Fresno Catholic bishop files long-awaited bankruptcy in face of abuse claims Facing 153 sexual abuse cases, the Fresno Diocese seeks bankruptcy. Critics call it delay tactic
(DBN)

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Tax:

Should Tax Be King? A Global Review of the Role of Tax Claims in Insolvency Laws
(DBN)

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Personal Genomics:

Court approves sale of 23andMe. What will happen to customer data?
(DBN)

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Mediation:

Judicial Mediator: Do You Want A Judge From Your Home District Or From Afar?
(DBN)

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Aviation:

Plane Passenger Writes Farewell Note After Oxygen Masks Drop and Boeing 737 Falls Nearly 26,000 Feet: Reports
(DBN)

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Healthcare:

Investigation alleges $1B in payments to Steward Health Care insiders before bankruptcy
(DBN)

Iowa cosmetic surgeon files for bankruptcy and surrenders license amid malpractice claims
(DBN)

Who might lose Medicaid coverage under Trump's megabill
(DBN)

Mayors, doctor groups sue over Trump's efforts to restrict Obamacare enrollment
(DBN)

18 GOP senators vote to raise taxes on the rich to pay for rural hospital fund
(DBN)

Trump admin 'abandoning our children' by slashing youth mental health funding, states say
(DBN)

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Trucking:

Uber Freight Faces $9M Hit in Del Monte’s $1B Bankruptcy
(DBN)

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Banking:

Biggest US Banks Boost Payouts After Lighter Fed Stress Test
(DBN)

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Employment Assistance:

Bankruptcy Risks in Employment Services Signal a Shift to AI-Driven Workforce Platforms
(DBN)

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Climate:

Final Senate megabill to ease wind and solar phaseout Senate GOP removes tax on solar and wind energy but dismantles climate law passed by Democrats
(DBN)

Europe swelters under a punishing heat wave with Paris forecast to hit 104 F
(DBN)

France shuts schools, Italy limits outdoor work as heatwave grips Europe
(DBN)

Marine heatwave pushes up Mediterranean Sea temperature
(DBN)

Major reports about how climate change affects the US are removed from websites
(DBN)

Trump administration wants to axe all of NOAA’s climate research
(DBN)

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Sovereigns:

Governments, multilateral lenders launch push for debt payment pauses
(DBN)

Approval of Egypt's IMF programme review faces possible delay, sources say
(DBN)

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UK:

Insolvency Service “reframes” view of creditor – IPs can apply their discretion
(DBN)

Thetford Town Council branded as ‘bordering on insolvency' after financial audit
(DBN)

Mark Holborow becomes partner in insolvency and restructuring arm of Crowe
(DBN)

Karen Petch joins Emma Beechey as INSOL International Fellow
(DBN)

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Australia:

Clayton Utz’s restructuring and insolvency report notes signs of stress in multiple sectors
(DBN)

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MENA:

Trump Says Israel Agrees to Terms for 60-Day Gaza Ceasefire
(DBN)

Danish man was helping Iran plan attacks on Jewish targets in Berlin, police say
(DBN)

In an Attack at Sunset, Israelis Set a Palestinian Village Ablaze
(DBN)

Macron Vows to Work With Putin on Iran in First Call Since 2022
(DBN)

Hackers tied to Iran preparing ‘calculated smear campaign’ on Trump, cyber agency says
(DBN)

Iran Shuts Out Nuclear Monitors in Tactics Echoing Cold War Iran enacts law suspending cooperation with UN nuclear watchdog
(DBN)

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Australia:

Pooling orders possible in group liquidation, but under what provision?
(DBN)

Half of Canberra's bankruptcy filings last year were by strata managers chasing fees, inquiry hears
(DBN)

Tariff shocks prompt insurance rethink for Aussie trade creditors
(DBN)

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Mexico:

Mexican banks face cascading consequences following US sanctions
(DBN)

Highway Robberies Are Now Just Part of Doing Business in Mexico
(DBN)

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Russia:

Pentagon halting some promised munitions for Ukraine US Halts Key Ukraine Weapons Deliveries Amid Russian Barrage
(DBN)

Russia ramps up offensives on 2 fronts in Ukraine
(DBN)

Ukrainian aid projects wither as Western funding drops
(DBN)

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China:

Neta Auto’s parent company seeks investors amid bankruptcy
(DBN)

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Estonia:

Insolvency service after tougher professional requirements for accountants
(DBN)

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