June 11, 2025

The Daily Bankruptcy News

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Law:

Were Biglaw’s Pro Bono Deals With Trump Vague On Purpose? Law Firms Thread Needle on Trump Pledges With Minimal Change Paul Weiss Strategy Tested as Partners Exit Post-Trump Deal
(DBN)

Quit Acting Like An Angsty Teenager To Build Your Book Of Business
(DBN)

Spotlight Is On Sullivan & Cromwell’s Questionable Ethics
(DBN)

Disbarred lawyer Girardi’s son-in-law pleads guilty to contempt for former firm’s failure to pay Lion Air clients
(DBN)

Axinn’s New Office In Rockefeller Center Promises To Be Collaborative Hub Designed To ‘Attract Top Talent’
(DBN)

AI takes on starring role in 4 articles published by law journal
(DBN)

Anti-ICE protests held coast to coast after L.A. unrest as national movement grows ICE prepares full assault on five Democrat cities as LA goes into lockdown amid immigration riots US Marines arrive in LA on Trump's orders amid immigration protests LA police swiftly enforce downtown curfew as protests against Trump’s immigration crackdown continue Top Republican breaks with Trump’s Marine deployment to LA How ICE’s L.A. Raids Spiraled Into the ‘Riot’ Trump Thirsted For How raids at Ambiance Apparel and Home Depot led to the L.A. protests Explainer-Does US law allow Trump to send troops to quell protests? All of LA is not a ‘war zone.’ We separate facts from spin and disinformation amid immigration raids Tension in San Fran Tests New Mayor Gavin Newsom: Trump is ‘unhinged,’ speaking like an ‘authoritarian’ Newsom fears for Trump's mental state after president 'forgets when they last spoke' within hours Trump says LA is under siege, but the mayor and governor paint a different picture Troops deployed to LA will cost $134M, Pentagon official says California governor asks court to block Trump administration from using troops in immigration raids Armed National Guard troops to join ICE agents for LA mass deportation raids: sources California says Trump’s deployment of National Guard violates state sovereignty 'Happy to have this fight': Trump admin leans into California protests Why California Became Trump’s Favorite Target — and Why the State Isn’t Backing Down ‘A Self-Fulfilling Prophecy’: How the Clash in LA Could Explode Trump’s California troop deployment is impeachable, CBC chair says Newsom hits back at DeSantis over offer to send Florida state guard to L.A. Trump’s Flawed Message to Los Angeles Press groups warn federal agents may have violated journalists’ First Amendment rights in LA Pam Bondi Likens L.A. to ‘Third World Country’ Amid Protests DHS Secretary Noem on Los Angeles: ‘They’re a City of Criminals’ ICE Barbie Kristi Noem Issues Chilling Warning to L.A. Protesters Man who allegedly hurled rocks at LA protest wanted by FBI What are the rules of force for National Guardsmen, Marines at LA protests? Twin daughters of senior Los Angeles official arrested at ICE riots for allegedly assaulting police officer After ICE raids in LA, families of those detained are desperate for answers Trump's Guard deployment to LA protests puts Newsom in political predicament Los Angeles ICE raids fuel controversy over masked agents Raids in Southern California rattle immigrant communities — including those in the US legally
(DBN)

Pelosi hits Trump on LA: Where was National Guard on Jan. 6
(DBN)

Trump to ramp up transfers to Guantánamo, including citizens of allies
(DBN)

Texas Gov. Greg Abbott to deploy National Guard across the state due to protests
(DBN)

Rep. LaMonica McIver indicted on federal charges over clash with law enforcement at ICE facility in New Jersey
(DBN)

Did Trump violate law by deploying National Guard troops? Commentators see issues as California sues Trump’s National Guard Stunt May Finally Give The Third Amendment Its MomentQuit Acting Like An Angsty Teenager To Build Your Book Of Business
(DBN)

The White House Marching Orders That Sparked the L.A. Migrant Crackdown - WSJ
(DBN)

Hegseth faces lawmaker grilling as House Democrat calls Marine deployment to LA 'outrageous'
(DBN)

Trump neutered Justice Department watchdogs that were there to prevent politically motivated prosecutions
(DBN)

US Justice Department 'weaponization' reviews spark calls to drop prosecutions
(DBN)

Trump team plans to send thousands of migrants to Guantanamo starting as soon as this week DOJ to appeal ruling on El Savador deportees
(DBN)

Man in ICE custody who was framed for writing letters threatening to kill Trump is granted bond
(DBN)

Trump: Military parade protesters will be met with ‘very big force’
(DBN)

Sean ‘Diddy’ Combs’ ex says she joined ‘cuckold’ sex marathons to feel loved by him
(DBN)

1-year-old girl dies in hot car, dad arrested for murder
(DBN)

Homeless people may be arrested after refusing offers of shelter in Silicon Valley
(DBN)

Macklemore’s $2.1m home raided by masked intruders who bear-sprayed nanny & demanded ‘where are the jewels?’
(DBN)

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Judges:

U.S. Bankruptcy Judgeship Announcement - Southern District of Florida (Ft. Lauderdale)
(DBN)

Meet the judge overseeing the Trump National Guard case: Justice Breyer’s brother
(DBN)

Trump tariffs may remain in effect while appeals proceed, U.S. appeals court rules
(DBN)

Trump admin tells immigration judges to dismiss cases in tactic to speed up arrests
(DBN)

These 3 potential Supreme Court picks top ranks in ‘Trump Alignment Index’
(DBN)

The Supreme Court Wasn’t Always The D.C. Institution It Is Today
(DBN)

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Wall Street:

Stock futures slip as U.S. and China agree to framework for future trade talks
(DBN)

S&P 500 Posts 3rd Day Winning Streak
(DBN)

Wall Street muted as investors track progress of US-China trade talks
(DBN)

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Layoffs:

Paramount to lay off 3.5% of US staff in latest job cut, memo shows
(DBN)

About 100 National Endowment for the Humanities employees laid off, union says
(DBN)

Recursion lays off 20% of staff (160 jobs)
(DBN)

Google offers buyouts to employees across the company, including Search
(DBN)

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Retailing:

Walgreens, Authentic Brands, Kourtney Kardashian among those evaluating Rite Aid assets, sources say
(DBN)

Torrid to close 180 stores. See reactions from plus-size community.
(DBN)

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Theme Parks:

All dolphins now transported from Gulf World Marine Park
(DBN)

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Food/Beverage:

Beach-themed Kook Burger closes its Center City, Jersey Shore locations. Owners hit with wage theft lawsuit
(DBN)

Caraway Tea files for Chapter 11 bankruptcy
(DBN)

Weight-loss drugs are an issue for McDonald's, but here's the bigger problem
(DBN)

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Hotels:

San Jose hotel complex with hundreds of rooms flops into loan default
(DBN)

Two East Bay hotels file for bankruptcy as lodging market woes widen
(DBN)

How tariffs, deportations are worsening the hotel labor gap
(DBN)

‘How freaked out should we be?’: Taking the pulse of the hotel industry
(DBN)

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Fraud:

Investors in Lancaster-based ATM network billed $22M for cash machines they already owned, report finds
(DBN)

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Solar:

Sunnova Files for Bankruptcy. Why Some Solar Stocks Are Gaining.
(DBN)

Solar Company Bankruptcy May Bring Renewables Scrutiny
(DBN)

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Waste:

Why routine accidents can bankrupt waste companies overnight
(DBN)

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Climate:

Trump Poised to Repeal Biden Curb on Power-Plant Pollution
(DBN)

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Radio:

Federal Court Greenlights KDHX Sale, Volunteers ‘Devastated’
(DBN)

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Economy:

Bessent emerges as possible contender to succeed Fed's Powell
(DBN)

American Consumers Are Feeling Better About Inflation and the Economy
(DBN)

CPI Preview
(DBN)

Inflation report expected to show whether companies heeded Trump's call to 'eat' tariff costs
(DBN)

When it comes to a U.S. debt default, never say never
(DBN)

Consumers brace for steeper bills and lower credit scores from Trump's financial deregulation
(DBN)

Here’s what’s happening with unemployed Americans — in five charts
(DBN)

Fed to keep rates on hold at least until September as inflation risks linger: Reuters poll
(DBN)

How the U.S. Government Borrows to Fund Its Massive Budget Shortfall
(DBN)

Citing trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3% World Bank slashes global growth forecast as trade tensions bite
(DBN)

US-China trade, export control talks push through second full day in London China, U.S. officials reach agreement for allowing rare-earth, tech trade. Now it’s up to Trump and Xi India and US advance toward interim trade deal after four-day talks, say sources Folgers coffee, Jif peanut butter parent aims to absorb some tariff costs for shoppers Smucker Falls Most in Nearly 40 Years as Tariffs Hit Profit GM to invest $4 billion in U.S. plants amid tariffs for Mexican-produced vehicles
(DBN)

GOP Sen. Josh Hawley introduces bill to raise federal minimum wage to $15 per hour MAGA Senator Trolls Dems With Bill to Raise Minimum Wage
(DBN)

Senate GOP deeply divided over cutting cost of ‘big, beautiful bill’ House GOP gets list of ‘fatal’ megabill flaws to delete House Republicans warn Thune over megabill 'budget gimmicks' GOP megabill could undermine US energy production, Republicans warn Justice warns Republicans’ SNAP plans could cost them their majority Senate Plans to Deliver Trump-Backed Tip, Overtime Tax Breaks GOP Tax Bill Will Hurt the Vulnerable and the Deficit: Jack Lew Trump’s mega tax and spending bill faces pushback from fiscal hawks, Musk
(DBN)

Trump's tax bill could raise taxes on foreign companies
(DBN)

Dell wanted everyone back in the office 5 days a week. Employees say it's been open to interpretation.
(DBN)

Public and Private Sector Payroll Jobs During Presidential Terms
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Mortgage demand rises to the highest level in over a month, after holiday adjustment
(DBN)

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

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

The 5 states with the highest 'hidden' costs of homeownership — and the 5 with the lowest
(DBN)

This move by Trump could be 'disastrous' for the mortgage market and drive up costs for home buyers even more
(DBN)

Sonoma real estate mogul Ken Mattson’s company forced into bankruptcy as rush of property sales comes into sharper focus
(DBN)

One Year Postbankruptcy, WeWork Is Profitable, Mature And Growing Again
(DBN)

23andMe’s Sunnyvale offices sell for nearly $88M
(DBN)

Reality star's real estate company locks hundreds of North Texans into controversial contracts
(DBN)

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Oil/Gas:

Trump energy adviser slams renewables, says focus is on fossil fuels
(DBN)

US oil output set for first annual drop since pandemic
(DBN)

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Personal Genomics:

'Wide range of fraud, impersonation,' 23andMe's bankruptcy sale prompts security concerns
(DBN)

GOP lawmaker grills ex-CEO over 23andMe pronouns post, forcing her to admit she doesn’t know what they mean
(DBN)

23andMe Interim CEO Testifies on Company's Bankruptcy
(DBN)

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Autos:

KKR-owned auto parts supplier files for bankruptcy protection in US
(DBN)

Nissan and Stellantis supplier Marelli considers filing for Chapter 11 bankruptcy in the US
(DBN)

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Politics:

Heinrich: ‘Republicans are going to own increased energy prices’
(DBN)

Gabbard warns of ‘nuclear holocaust’ in ominous social media video
(DBN)

Why Does Dr. Phil Keep Showing Up at ICE Raids?
(DBN)

These Presidential Breakups From History Have a Lesson for Elon Musk US agencies tracked foreigners visiting Musk's properties in 2022 and 2023 Almost everything you've read about the Trump-Musk feud is probably wrong Elon Musk says he regrets some social media posts he made about Trump
(DBN)

Trump Declares Dubious Emergencies to Amass Power, Scholars Say
(DBN)

Trump on Insurrection Act: ‘I would certainly invoke it’
(DBN)

Lawmakers Traded Stocks Heavily as Trump Rolled Out ‘Liberation Day’ Tariffs - WSJ Lawmakers went big on stock trades as Trump unveiled 'Liberation Day' tariffs
(DBN)

Stephen Miller wages war on the GOP’s libertarians
(DBN)

Fetterman Calls California Protests ‘Anarchy’ as He Criticizes Democrats
(DBN)

Why Biden’s health cover-up is worse than Watergate
(DBN)

House GOP effort to lock in DOGE cuts faces Republican resistance
(DBN)

Bill would stop transgender military service ban
(DBN)

Yosemite bans flags at El Capitan with threat of 6-month jail sentence
(DBN)

MAGA Melts Down Over Trump ‘Deep State’ Deportation Deal
(DBN)

US law enforcement prepare for hundreds of thousands to attend Army parade in Washington Trump Military Parade May Not Get Much Coverage on CBS, NBC, ABC Nationwide protests loom over Trump's upcoming military parade
(DBN)

Trump Says FEMA Phaseout to Begin After Hurricane Season
(DBN)

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Student Debt:

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

Student loan quagmire frustrates borrowers - and alarms some Trump voters
(DBN)

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Personal Finance:

TikTok's latest budget hack is 'dating for dinner' - which says a lot about love and money right now
(DBN)

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Comic Books:

Competing Lawsuits Reveal Diamond Bankruptcy Timeline Began In July
(DBN)

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Edtech:

Byju's sells US subsidiaries at steep discount
(DBN)

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Telecom:

Echostar bondholders hire Akin Gump over bankruptcy concerns EchoStar Bondholders Huddle With Law Firm Akin Gump as Default Looms EchoStar Bondholders Engage Law Firm Ahead of Possible Bankruptcy
(DBN)

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Banking:

Citi to Set Aside More Money for Potential Losses on Loans
(DBN)

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Batteries:

Oregon clean energy company files for bankruptcy, claiming more than $300 million in debt
(DBN)

Powin files for Chapter 11 bankruptcy protection and spins off project services business
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (13 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Parishes Will Pay $80 Million in Buffalo Diocese’s $150 Million Bankruptcy Settlement
(DBN)

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Miscellaneous:

Sunnova Energy International Inc. + Boundless Broadband LLC File + Prospect Health Update
(DBN)

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Venue:

Ninth Cir. Vacates Garnishment Ruling in Bankruptcy Fraud Case
(DBN)

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Mediation:

Mediators Prefer Zoom Mediations To In-Person Mediations (A Study Of EEOC Mediations—Part 2 of 2)
(DBN)

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Aviation:

Broward-based Silver Airways has halted operations. What travelers should know Florida-based Silver Airways shuts down all operations Florida-based Silver Airways cancels all flights, tells passengers not to go to airport
(DBN)

Spirit Airlines passenger calls in fake bomb threat after missing flight: Officials
(DBN)

‘Unethical’ Gen Z travel hack that threatens airport security called out by expert
(DBN)

Boeing books 303 new orders and hits 737 MAX production target in blockbuster May
(DBN)

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Privacy:

Dozens of states sue to block the sale of 23andMe personal genetic data without customer consent Attorney General James Sues 23andMe to Protect New Yorkers’ Genetic Data IL, WI among states suing to block sale of 23andMe personal genetic data without customer consent South Dakota joins lawsuit against 23andMe Vermont enters legal fight to protect genetic information in 23andMe bankruptcy case NY sues 23andMe to block sale of your genetic data to the highest bidder
(DBN)

23andMe Customers Did Not Expect Their DNA Data Would Be Sold, Lawsuit Claims
(DBN)

In 23andMe case, a fight brews over who can sell your genetic code
(DBN)

A DNA-testing firm’s bankruptcy raises questions over whether people have a right to their genetic data
(DBN)

Grassley to hold hearing over DNA database of bankrupt ’23andMe’
(DBN)

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Education:

A College Degree is no Longer a Risk-Free Investment
(DBN)

Education Secretary McMahon Says Harvard May See Grants Restored
(DBN)

ChatGPT outage live updates: College students spiraling during finals
(DBN)

Yale Is Rushing to Sell Billions in Private Equity Investments
(DBN)

Trump administration weighs pulling education grants for California
(DBN)

____________

Tech:

China turns to robots for elderly care with national pilot programme
(DBN)

Misogyny in the metaverse: is Mark Zuckerberg’s dream world a no-go area for women?
(DBN)

Mark Zuckerberg Personally Hiring to Create New “Superintelligence” AI Team
(DBN)

News Sites Are Getting Crushed by Google’s New AI Tools - WSJ
(DBN)

Amazon delivery robots offer ‘large opportunity’ for savings: BofA
(DBN)

Getty Sues AI Company For IP Infringement On Both Sides Of The Pond
(DBN)

Nvidia CEO says quantum computing is reaching an ‘inflection point’
(DBN)

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Sports:

Charlie Baker Says Settlement Helps NCAA Create 'Better Future,' Avoid Bankruptcy
(DBN)

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Healthcare:

Private practice takes over radiology services for hospital system that recently emerged from bankruptcy
(DBN)

HHS justifies decision to stop recommending Covid shots during pregnancy with studies supporting the shots’ safety
(DBN)

Why RFK Jr. says he terminated every member of CDC vaccine committee
(DBN)

Top RFK Jr. aide attacks US health system while running company that promotes wellness alternatives
(DBN)

The Medicaid requirements in Trump's spending bill will hurt the people who need it most. Here's how.
(DBN)

US Restores Some Medical Research Grants, Says Top Trump Official
(DBN)

Democratic governors seek to roll back state-funded health care for undocumented immigrants
(DBN)

____________

UK:

Thames Water lenders offer £17 billion rescue deal in return for looser rules
(DBN)

Canary in the coal mine? The U.K. labor market has closely tracked the U.S. - and now it's weakening UK pay growth slows as jobless rate rises to highest since 2021
(DBN)

Katie Price speaks out on 'retiring' before turning 50 after bankruptcy no-show - Plymouth Live
(DBN)

Rioters attack police and torch houses for a second night in Northern Ireland
(DBN)

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Canada:

4Front Initiates Bankruptcy and Insolvency Act Proceedings in Canada
(DBN)

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MENA:

UK and others sanction 2 far-right Israeli Cabinet ministers over violence in the occupied West Bank
(DBN)

Islamist terror leader calls for Trump, JD Vance assassinations over pro-Israel views in disturbing video: ‘Take revenge’
(DBN)

Satellite photos reveal Iran’s new ‘Desert Plan’ nuke program with underground blast sites, vanishing roads & AI drones
(DBN)

Inside the MAGA vs. hawk battle to sway Trump on bombing Iran
(DBN)

Netanyahu govt could collapse over ultra-Orthodox military draft
(DBN)

US envoy says he does not think Palestinian state is US policy goal
(DBN)

Palestinians say 36 people killed trying to obtain desperately needed aid Gaza Civil Defence Says 15 Killed Near Aid Centre, Army Says Fired 'Warning Shots'
(DBN)

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Austria:

Austrians endure shock, horror after gunman kills 10 at school
(DBN)

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Russia:

Russia recruits Cubans for the frontlines in Ukraine: ‘It’s all been a scam’
(DBN)

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China:

Price wars grip China as deflation deepens, $30 for a luxury Coach bag?
(DBN)

In China, fears grow of an EV financial crisis amid pricing war
(DBN)

____________

Australia:

Star Entertainment claims any AUSTRAC fine over $65M would render it insolvent
(DBN)

Offer denied for ex-Liberal leader to avert bankruptcy
(DBN)

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Argentina:

Argentine top court upholds ex-president Kirchner's prison sentence
(DBN)

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