June 10, 2025

The Daily Bankruptcy News

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Law:

Seventh Paul Weiss Partner Ditches Law Firm for Dunn’s Shop Former Mueller Prosecutor Joins Paul Weiss Spin-Off Boutique
(DBN)

WilmerHale Asks for Relief From Trump Order Across All Agencies
(DBN)

Debevoise Joins Most Rivals in Creating Non-Equity Partner Tier
(DBN)

When Donald Trump calls, one Big Law firm answers
(DBN)

Budget proposal for ‘orderly closeout’ of Legal Services Corp. is ‘devastation,’ says legal aid leader
(DBN)

How Kirkland & Ellis Hit the Highs in Houston
(DBN)

Baker McKenzie Taps London Trade Lawyer Mann as Firmwide Chair
(DBN)

AI Scandal Rocks British Courts: UK Lawyers Slammed For Citing Fake Cases Generated By Bots
(DBN)

Law Review Puts Out Full Issue Of Articles Written With AI
(DBN)

How Brent Dyer Reframes Biglaw, And What In-House Counsel Should Expect Instead
(DBN)

Pam Bondi’s brother crushed in DC Bar Association election DC Bar Overwhelmingly Chooses Veteran Member Over Bondi
(DBN)

How a Supreme Court decision backing the NRA is thwarting Trump’s retribution campaign
(DBN)

LA Clashes Escalate as Trump, Newsom Spar Over Troops Los Angeles police order immigration protesters downtown to go home 500 Marines ‘prepared to deploy’ to LA: Northern Command 700 Marines Deployed to Los Angeles Amid National Guard Troop Increase US Deploys Marines to LA as Protests Spread to More Cities Why Trump’s Deployment of Military in California Is So Controversial California Asks Court to Halt Trump Deploying Military in LA Los Angeles Is Losing the War for Public Opinion Trump authorizes deploying 2,000 more National Guard troops to LA ‘He’s waging a war on us’: As Trump escalates, Angelenos defend their city San Francisco police arrest more anti-ICE protesters than Los Angeles UN Warns Against 'Further Militarization' In LA Unrest CNN Reporter Detained by LA Riot Police Live on Air Border czar Tom Homan says media ignoring of facts about ICE raids fueled LA riots Mexican president condemns violence in Los Angeles protests Mexico president calls on US to carry out immigration raids 'in adherence to due process' Trump meant for National Guard deployment to act as a deterrent, White House says Trump Calls Protesters in Los Angeles ‘Insurrectionists’ Los Angeles businesses looted overnight; anti-ICE protests expected to continue Monday Trump Uses National Guard to Punish California’s Defiance Waymo Halts Service Downtown After Its Taxis Are Set on Fire In deploying National Guard, Trump critics see ‘run around’ of Insurrection Act How Mexican Flag Photos Are a Gift to Donald Trump Trump Says His Border Czar Should Arrest California Governor Gavin Newsom Donald Trump on arresting Gavin Newsom: 'I’d do it.' Anti-ICE protest declared 'unlawful assembly,' Newsom dares Homan to arrest him Newsom Gambles in Showdown With Trump Over Riots Newsom says California will sue Trump over National Guard, dares Homan to arrest him China Tells Citizens In LA To Boost Personal Security Over Unrest Dr. Phil embedded with ICE ahead of LA clashes Trump vs. California is the fight the White House wants Stephen Miller hits Rand Paul over L.A. unrest Musk backs Trump amid ICE battle in California LA protests inch Elon Musk back to President Trump LA Could Face Losing Millions for Police Using Nonlethal Bullets Finneas Says He Was Tear-Gassed at Los Angeles ICE Protest 'Ridiculous': Los Angeles Residents React To National Guard Deployment How One LA Restaurant Opened Its Doors to Injured Police During Protests ‘La migra!’: Day laborers recount ICE raid outside Los Angeles Home Depot MAGA Supporters Counter Anti-ICE Protests: 'Go Back to Mexico'
(DBN)

Unrestrained Trump Turns to Military in Second-Term Power Play
(DBN)

Abrego Garcia's return should not end Trump contempt probe, lawyers say Prosecutors seek pre-trial detention hearing for Abrego Garcia following his return Kilmar Abrego Garcia's lawyers say 'case is not over,' still pursuing contempt sanctions Abrego Garcia is back in US, but government is stonewalling merits contempt inquiry, court filing says Latinas for Trump co-founder blasts ‘inhumane’ immigrant arrests World's most-followed TikToker self-deports after being detained by ICE Cincinnati high school graduate faces deportation after routine ICE check-in
(DBN)

Trump’s troop deployment is a warning sign for what comes next, legal scholars fear
(DBN)

15 states sue over Trump move to return seized rapid-fire devices for guns
(DBN)

‘Something going on in jury room’ at Weinstein trial, judge told
(DBN)

Sean ‘Diddy’ Combs’ ex-girlfriend says she cried for three days after reading Cassie’s lawsuit There’s a name for what Diddy allegedly did to Cassie — but you won’t hear it at trial Diddy Ex-Girlfriend 'Still Trying' to Figure Out Consent Question
(DBN)

Weinstein lawyers press bid for mistrial amid more deliberation tension
(DBN)

States that weakened gun laws saw rise in pediatric mortality, study finds Looser Gun Laws Tied To Thousands More US Child Shooting Deaths
(DBN)

Judge dismisses Justin Baldoni's $400m defamation lawsuit against Blake Lively
(DBN)

Oklahoma prosecutors seek retrial of longtime death row inmate Richard Glossip after conviction tossed Murder defendant will get 'fair trial' after SCOTUS tosses conviction, state AG says
(DBN)

US imposes sanctions on El Chapo's fugitive sons, offers $10 million reward for their capture
(DBN)

Oklahoma man who was given 3 last meals will stand trial again but won't face the death penalty
(DBN)

Teacher lied about receiving Purple Heart to fool school districts into hiring her: Cops
(DBN)

Man hatched 'deranged' plan to have business associate murdered and 'dismembered': DA
(DBN)

Man accused of poisoning ex-wife tried to claim that he was 'also being poisoned': Docs
(DBN)

DOJ employee spiked pregnant girlfriend's drink to induce abortion without consent: Cops
(DBN)

3 sisters allegedly killed during visit with their dad were suffocated: Sheriff
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Judges:

John Dorsey, who’s running Providence Place mall, will leave to become federal bankruptcy judge
(DBN)

Justice Jackson warns the Supreme Court is manipulating the rules to benefit Trump Is Supreme Court giving US preferential treatment? That might be ‘troubling message,’ dissent argues
(DBN)

Ketanji Brown Jackson Has Been Training To Land A Knockout Punch
(DBN)

Justice Ketanji Brown Jackson Warns Supreme Court 'Fans the Flames'
(DBN)

Trump's 'Obama judge' nemesis partially blocks anti-DEI executive orders
(DBN)

Supreme Court Lifts Stay in Ex-Highland CEO Bankruptcy Suit
(DBN)

He was at the center of a Supreme Court case that changed gay marriage. Now, he's worried.
(DBN)

State AG gets tongue-lashing from appeals court over 'veiled threat' to defy judge's order
(DBN)

Corporation for Public Broadcasting can keep board members despite judge's ruling
(DBN)

Judge accused of letting migrant out back door to avoid feds expected ICE to 'do its job'
(DBN)

Judge blocks administration from enforcing anti-diversity and anti-transgender executive orders
(DBN)

Trump, Paxton Sought Go-To Judge in Ending Migrant Tuition Rates
(DBN)

Landing A Federal Judgeship In The Trump Administration
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Wall Street:

Stock futures are little changed as investors await details on U.S.-China trade policy
(DBN)

US Stocks End Mostly Up As Markets Eye Trade Talks
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Layoffs:

'Like a parasite': Cost-slashing backfires as workers paid $21M to do nothing
(DBN)

P&G to cut 7,000 jobs in the US
(DBN)

SEC plan says existing staff cuts help meet DOGE targets
(DBN)

Hundreds of Texans laid off amid huge department store rollbacks
(DBN)

ZoomInfo, one of Portland area’s most valuable companies, will cut 150 jobs
(DBN)

Vertex Pharmaceuticals to Lay Off 125
(DBN)

Nearly 400 Cut by Illinois Firm in Harsh Email Layoff
(DBN)

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Pharma:

Giant Eagle to take over prescriptions from 78 Rite Aid stores
(DBN)

No drug price pledges by Pfizer, others in talks with US government, Pfizer CEO says
(DBN)

National Resilience, startup hoping to reinvent drug manufacturing, to ‘wind down’ many of its facilities
(DBN)

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Utilities:

PREPA bondholders counter board position on administrative claim
(DBN)

PREPA generating company lowered to CCC by Fitch
(DBN)

Renewable energy project cancellations spike in Texas amid tariffs, negotiations on Trump's big bill
(DBN)

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Economy:

Inflation Expectations Declined Across All Horizons, NY Fed Says NY Fed finds moderating inflation expectations in May Consumer inflation expectations ease, job pessimism ebbs: New York Fed
(DBN)

Will America’s Unbalanced Trade Doom the Dollar?
(DBN)

Recession Watch Metrics
(DBN)

US Small-Business Sentiment Increases for First Time This Year
(DBN)

US wholesale inventories in April revised higher
(DBN)

A break in the trade clouds lifted consumers’ spirits in May
(DBN)

Trump’s Tariff Chaos Threatens His Push for Rust Belt Revival China has a valuable card to play as it holds trade talks with the US today Tariff-hit firms should review bonuses or risk backlash, US lawyers warn US Tariff Turbulence Vexes Companies Disclosing Financial Risks Donald Trump Says China 'Not Easy' As Trade Talks Kick Off China’s rare-earth mineral squeeze puts defense giants in the crosshairs From visas to jets, US and China are finding new trade leverage US Asks Appeals Court to Let Trump Tariffs Remain for Longer
(DBN)

Republicans look for reset on Trump’s ‘big, beautiful bill’ Senate Republicans would cut off CFPB funding from Fed
(DBN)

A great divide is emerging on promotions. It could be a game-changer for retention.
(DBN)

US Treasury Secretary Scott Bessent says Trump is focused on mortgages, cars, real wage gains
(DBN)

Citi doubles down on WFH, offering two weeks of fully remote work in August. See the memo here.
(DBN)

Burnout is a reality for 71% of CEOs: Survey
(DBN)

Taxing Countries That Are Targeting US Companies Isn’t ‘Revenge’
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

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

Housing June 9th Weekly Update: Inventory up 0.6% Week-over-week, Up 32.2% Year-over-year
(DBN)

There's a record $700 billion of homes for sale in the US. Here's why the market is still frozen.
(DBN)

Intercontinental Exchange: House Prices growth slows to 1.4% YoY in May
(DBN)

ICE raids on building sites stoke fear, uncertainty
(DBN)

11 federal buildings tapped for sale by reform board
(DBN)

Home sellers face harsh new reality as listings hit record $698B value
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Municipalities:

Cuomo Says ‘Socialist’ Tax Hike Will Cause NYC Wealth Exodus
(DBN)

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Oil/Gas:

Oil Rises to 2-Month High on US-China Trade Talks
(DBN)

Oil Prices Could Sink Below $50 This Year
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Defaults:

US corporate defaults to rise on higher-for-longer funding costs, says Deutsche Bank
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Politics:

Top Trump aides scramble to recruit as multiple candidates refuse Hegseth jobs
(DBN)

Trump’s cuts to National Park Service rankle Republicans
(DBN)

Musk vs Trump is a cautionary tale for Silicon Valley
(DBN)

NIH scientists speak out over estimated $12 billion in Trump funding cuts NIH employees publish ‘Bethesda Declaration’ in dissent of Trump administration policies
(DBN)

Group Backed by George Soros to Plow Millions Into Turning Texas Blue
(DBN)

‘It’s made up’: Democrats say Rubio isn’t playing it straight about foreign aid cuts
(DBN)

Where Is Barack Obama?
(DBN)

The Scholar Who Predicted America's Breakdown Says It's Just Beginning
(DBN)

Democrat Support is Finally Bouncing Back
(DBN)

Ted Cruz Wants To Replace Pride Month With A Supreme Court Low Point
(DBN)

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Autos:

Tesla Stock Gets Analyst Downgrade As ‘Double-Edged Sword’ Of Musk-Trump Relationship Rears Head
(DBN)

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Religion:

Southern Baptists target porn, sports betting, same-sex marriage and ‘willful childlessness’
(DBN)

Christian influencers under fire from evangelical followers for promoting 'immodest' athleisure line
(DBN)

Islam grows, Christianity slips as share of world population, survey finds
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Student Debt:

Millions of Americans See Credit Scores Plunge
(DBN)

The big, beautiful bill is bad news for student loans
(DBN)

Warren urges Department of Education IG to probe DOGE access to student loan data
(DBN)

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Sports:

Historic Italian Soccer Club Has Gone Bankrupt
(DBN)

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Fraud:

Burt Marshall charged with stealing more than $50M from hundreds of investors in decades-long Ponzi scheme
(DBN)

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Solar:

Solar Bellwether’s Bankruptcy Shows Green Energy’s Woes Under Trump Solar bankruptcies show U.S. clean energy industry is teetering on the brink
(DBN)

Sunnova Faces Dealers Push-Back After 'Whac-A-Mole' Bankruptcy
(DBN)

Houston solar company files for bankruptcy after months of financial strain
(DBN)

US residential solar lender Mosaic files for bankruptcy amid policy uncertainty Solar Mosaic files for Chapter 11 to restructure and recapitalise
(DBN)

Collapse of the Once High-Flying Solar Stocks
(DBN)

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Trucking:

Nortia Logistics Files for Chapter 11 Bankruptcy
(DBN)

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Advertising:

Global Ad Forecast Downgraded as Creator Platforms Poised to Overtake Pro Content
(DBN)

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Edtech:

How Byju’s American Dream Ended in a Bankruptcy Fire Sale
(DBN)

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Comic Books:

Diamond Select Owner Asks for TRO on Alliance Entertainment
(DBN)

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Telecom:

EchoStar Faces Bankruptcy to Protect Spectrum Licenses
(DBN)

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Food/Beverage:

Beloved fried chicken chain says it will have to shut all locations if watchdog continues to block sale
(DBN)

Millions of Eggs Recalled After Dozens Sickened With Salmonella
(DBN)

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Celebs:

Denise Richards’ Wages Won’t Be Seized Over Husband’s Debt, Judge Rules
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

'This is an important hallmark': Diocese of Buffalo asking parishes to contribute to bankruptcy settlement
(DBN)

Legal documents released in clergy sex abuse cases in New Mexico
(DBN)

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Privacy:

Dozens of states sue to block the sale of 23andMe personal genetic data without customer consent Oregon in Multi-State Legal Fight to Protect Genetic Information in 23andMe Bankruptcy Case
(DBN)

Why 23andMe’s Genetic Data Is Still Coveted
(DBN)

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Advisors:

Businessman Who Won Bankruptcy Assignments Used Goldman Name for Other Venture
(DBN)

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Intercreditor:

Warner Bros. Discovery Seeks Ban on Creditor Cooperation in Corporate Split
(DBN)

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Aviation:

A First-Class Warning Sign: Wealthier Travelers Pull Back On Airfare During Uneasy Economy
(DBN)

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Defaults:

US corporate defaults to rise on higher-for-longer funding costs, says Deutsche Bank
(DBN)

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Tech:

Amazon to invest $20 billion in Pennsylvania to expand cloud infrastructure
(DBN)

Musk Trashes His Own AI Over Embarrassing Post About Him Taking Miller's Wife
(DBN)

Apple AI Comeback Remains Far Off
(DBN)

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Education:

Charter Schools Financier Blames Bankruptcy on Spat With Backer
(DBN)

Ivy League Schools Sign Amicus Brief In Support Of Harvard’s Fight Against Trump Federal Funding Cuts
(DBN)

US State Department orders embassies to resume processing Harvard student visas
(DBN)

Penn State closes branch campuses as demographics sink in
(DBN)

White House budget request slashes funding for tribal colleges and universities
(DBN)

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Retailing:

Torrid to close as many as 180 stores, 30% of its fleet
(DBN)

Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List
(DBN)

Michaels Picks Up Joann’s Creative Legacy in Bankruptcy Deal
(DBN)

G-III withdraws guidance due to tariff uncertainty
(DBN)

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Healthcare:

The Wyoming Hospital Upending the Logic of Private Equity
(DBN)

Providence’s CEO on healthcare’s ‘perfect storm’
(DBN)

How Trump broke the politics of Medicaid
(DBN)

Georgia's experience raises red flags for Medicaid work requirement moving through Congress
(DBN)

RFK Jr. is looking in the wrong place for autism’s cause
(DBN)

RFK fires all 17 members of CDC vax advisory committee
(DBN)

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Crypto:

Crypto CEO accused of laundering $500 million linked to sanctioned Russian banks
(DBN)

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UK:

Financier Lex Greensill Decries ‘Code of Silence’ Around SoftBank Deals
(DBN)

Put Thames Water into temporary state control, ‘junior’ creditors will argue Creditors table £17bn plan for Thames Water but call for regulatory leniency Thames Water creditors offer up £5bn as part of emergency turnaround plan Thames Water’s creditors are being too greedy
(DBN)

UK appoints specialist to recover crypto from bankruptcy cases Insolvency Service hires the first crypto expert for fund recovery
(DBN)

Opus promotes Andrew Foster to partner in investigations
(DBN)

UK’s FTSE 100 Surpasses March Record as Tariff Concerns Ease
(DBN)

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EU:

A giant bankruptcy "dry run" to assess Europe's banking crisis management
(DBN)

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Canada:

Cape Breton Farmers' Market Co-operative files for bankruptcy
(DBN)

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MENA:

UN Atomic Watchdog Says Iran Uranium Buildup Can’t Be Tolerated
(DBN)

Trump Says New Iran Talks On Thursday
(DBN)

Israel tourism industry on brink of collapse
(DBN)

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Russia:

Russia and Ukraine Start Prisoner Swap After Recriminations
(DBN)

Ukrainian Drones Hit Russian Plant Involved in Missile Output
(DBN)

Moscow fires record 479 drones at Ukraine
(DBN)

Zelenskyy: US moved '20,000 missiles' to fight drones from Ukraine to the Middle East
(DBN)

Russia hired African farmers to make shampoo, then sent them to war
(DBN)

NATO Chief Urges Members to Spend Far More on Military
(DBN)

NATO boss warns 'learn Russian' as he predicts war in Europe
(DBN)

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Austria:

Several killed in Austrian school shooting, police say
(DBN)

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Mexico:

Mexico's annual inflation speeds up in May, exceeds target
(DBN)

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India:

Climate Change Raises Risk Of Indian Farmer Suicides
(DBN)

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Spain:

Simmons & Simmons has hired Luis Valdenebro to lead the Restructuring and Insolvency practice in Spain
(DBN)

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Venezuela:

Venezuela is said to prep 50% gasoline price hike amid oil revenue squeeze
(DBN)

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Japan:

Marelli considering filing for Chapter 11 in US, Kyodo reports
(DBN)

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China:

The Practice And Prospects Of China’s Cross-Border Bankruptcy System.
(DBN)

US Detains Chinese Scientist for 'Smuggling' Biological Material From Wuhan
(DBN)

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Singapore:

Authorities to criminalize firms soliciting bankruptcy filings to exploit debt relief scheme
(DBN)

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