June 18, 2025

The Daily Bankruptcy News

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Due to the Juneteenth holiday, The Daily Bankruptcy News will not publish on Thursday, June 19, 2025



Law:

Another Litigator Dips From A Biglaw Firm That Caved To Trump More Biglaw Partners Are Itching To Leave Firms That Made Deals With Trump Cadwalader Litigator Joins Kaplan Boutique After Trump Deal Paul Weiss Bleeds More Partners to Spinoff Firm Dunn Isaacson
(DBN)

New York man pleads guilty to posing as lawyer, stealing over $290K from more than 100 clients
(DBN)

Ex-Trump DOJ official Rod Rosenstein joins law firm Baker McKenzie
(DBN)

UK law firms raise junior salaries
(DBN)

Fake quotes in legal brief another housing authority misstep
(DBN)

Hell Yeah, I Was There
(DBN)

Aspiring Rainmakers Should Become ‘Activators,’ New Study Shows
(DBN)

Michael Avenatti Resentenced, Shaves Several Years Off His Time
(DBN)

Law Firm Marketing: A Tragedy In Three Acts That Firms Can’t Stop Performing
(DBN)

NYC mayoral candidate detained by ICE NYC Mayoral Candidate Arrested While Observing An Immigration Court Hearing New York City Comptroller Brad Lander arrested at an immigration court NYC mayoral candidate Brad Lander released after arrest by ICE Schwarzenegger: If you’re an immigrant in the US you should ‘behave like a guest’ ICE officials told to resume raids on hotels, restaurants, and farms ‘A Time of Bitter Celebrations’: Joy and Fear as L.A. Students Graduate Amid ICE Raids ICE Detains U.S. Army Interpreter at Routine Asylum Hearing ICE Pushes to Deport Reporter Arrested at ‘No Kings’ Rally Stephen Miller and ICE Barbie in Bitter West Wing Civil War Over Round-Ups Trump yanks brief reprieve for immigrants he said are ‘good, long time workers’
(DBN)

Disbarment recommended for ex-Trump lawyer Eastman by State Bar Court of California panel
(DBN)

Minnesota shooting suspect went from youthful evangelizer to far-right zealot
(DBN)

School shootings have become routine – political assassinations are next
(DBN)

Trump's pardons cost victims and taxpayers $1.3 billion, House Judiciary Committee Democrats' review says
(DBN)

Cities team up to sue Trump admin over terror, nuclear threat funding freeze
(DBN)

FBI Director Ignites Claims of Bonkers Conspiracy Theory
(DBN)

R. Kelly hospitalized after alleged overdose in prison, attorneys say R. Kelly wants Trump's help after his lawyer alleges surreal murder plot conspiracy story
(DBN)

California Bill Would Bar Officers From Wearing Masks
(DBN)

Tyler Perry Accused of Sexual Assault, Harassment in $260 Million Lawsuit From ‘The Oval’ Actor Derek Dixon
(DBN)

Cassie Ventura's texts to Sean Combs shown in court as special agent testifies Sean ‘Diddy’ Combs probably won’t testify as defense says its case could be less than 2 days
(DBN)

Man allegedly admits to killing neighbors at Inland Empire nudist resort over a hot dog
(DBN)

Former police chief known as the ‘Devil in the Ozarks’ pleads not guilty to a prison escape charge
(DBN)

Return of the American assassin
(DBN)

Man who allegedly shot paintballs at officer during protest is charged
(DBN)

Husband allegedly lounged on couch with wife's remains around him, stored in 'containers'
(DBN)

'Over some trash': Dispute over garbage leads to murders of grandma, son, cops say
(DBN)

Man had 'weird' greeting for cops before admitting to girlfriend's murder: Police
(DBN)

Woman married ex without him knowing, 'convinced' reverend to certify union: Police
(DBN)

Lowe's employee murders co-worker on forklift after emailing HR to detail motive: Cops
(DBN)

Man bragged on Facebook about running over cop and dragging him 500 feet: Police
(DBN)

Man killed fiancee because she was 'driving a wedge between him and his roommate:' Cops
(DBN)

Driver avoids prison in 100-mph crash that killed college student
(DBN)

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Judges:

See what's in the Supreme Court justices' annual financial disclosure reports Ketanji Brown Jackson reports $2 million in income last year for her memoir, ‘Lovely One’ The Justice Making Bank On Books
(DBN)

Americans share declining views of Supreme Court in new poll
(DBN)

US judge blocks Trump passport policy targeting transgender people
(DBN)

Judge voids Trump cuts to NIH grants, finding them illegal and targeting minority groups
(DBN)

US judge blocks Defense Department from slashing federal research funding
(DBN)

Appeals court questions judges' ability to review Trump's Los Angeles troop deployment DOJ: Trump's National Guard deployment in California can't be second-guessed by the courts
(DBN)

Judge accused of helping migrant avoid ICE says lawyer 'made up' testimony against her
(DBN)

Lawyer faces felony charge for allegedly threatening New York judge
(DBN)

Trump’s First Judicial Nominees Dodge 2020 Election Question
(DBN)

Companies ask Supreme Court to quickly hear Trump tariffs challenge
(DBN)

Separation of Powers Conflict and Conciliation: President Trump and Chief Justice Roberts Defend their Institutions and Arrive at a Détente
(DBN)

Retired California justice faces disciplinary charges for allegedly taking too long to decide cases
(DBN)

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Wall Street:

Stock futures are little changed ahead of the Federal Reserve’s rate decision
(DBN)

Oil futures and US futures drop after Trump warns 'everyone' to evacuate Tehran
(DBN)

Indexes end lower as conflict between Israel and Iran adds caution
(DBN)

US Stocks Risk 20% Drop in High Inflation Scenario, RBC Says
(DBN)

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Layoffs:

The Biggest Companies Across America Are Cutting Their Workforces - WSJ
(DBN)

AI will shrink Amazon’s workforce in the coming years, CEO Jassy says
(DBN)

Layoffs loom at CNN, stars at risk
(DBN)

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Retailing:

Retail sales fell 0.9% in May, worse than expected as consumers pulled back Americans could be done with tariff panic-buying
(DBN)

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Crypto:

Senate on track to pass landmark crypto regulation bill
(DBN)

Why Congress’ crypto fight is still just beginning
(DBN)

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Economy:

The Fed is set to make its next rate decision on Wednesday. Here's what to expect.
(DBN)

Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
(DBN)

US retail sales fall as Americans turn cautious after spending early to beat tariffs
(DBN)

Weak US retail sales, manufacturing output point to softening economy
(DBN)

Industrial Production Decreased 0.2% in May
(DBN)

Trump’s Tariffs Are Just the Latest Presidential Power Grab These are the sticking points holding up a U.S.-EU trade deal Trump says EU not offering fair trade deal, Japan being 'tough' too MAGA’s Favorite Tailor Admits He Had to Hike Prices Over Trump Tariffs ‘Tariff engineering’ is making a comeback as businesses employ creative ways to skirt higher duties
(DBN)

Senate releases Trump tax and Medicaid blueprint GOP megabill faces grim polling for Republicans How Senate GOP ‘no tax on tips’ proposal differs from House Republican plan Senate tax bill includes $1,000 baby bonus in ‘Trump accounts’ — here’s who qualifies ‘SALT’ deduction in limbo as Senate Republicans unveil tax plan for Trump’s spending package Forecaster says US House version of Trump bill to cost $2.8 trillion despite economic gains Poll: GOP budget bill faces nearly 2-to-1 opposition, with many unaware
(DBN)

The Path to Record Deficits
(DBN)

Jamie Dimon has 2 words for business leaders complaining about economic problems
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers NAHB: "Builder Sentiment at Third Lowest Reading Since 2012" in June
(DBN)

MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage demand drops, even as interest rates fall to the lowest since April
(DBN)

Housing Market Index and Single Family Starts
(DBN)

Private Real Estate Listings Ignite Fight Over How US Homes Are Sold
(DBN)

Apartment occupancy holds steady but one metric slows across major US markets
(DBN)

Firms file to push Baltimore developer Brandon Chasen into bankruptcy
(DBN)

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Oil/Gas:

Oil prices rise more than 4% as Iran-Israel conflict escalates
(DBN)

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Politics:

MAGA Has Reached a Crossroads in Iran Tucker Carlson and Trump are falling out over the Iran war Trump Frantically Tries To Stop MAGA Civil War Over Iran Bannon Fans Flames of MAGA Civil War by Attacking Fox News
(DBN)

Democrats Should Reclaim the Anti-war Mantle From Trump
(DBN)

How Trump Shifted on Iran Under Pressure From Israel
(DBN)

Lawmakers move to limit Trump's war powers as Israel-Iran war escalates
(DBN)

Lutnick hails Trump’s $5mn investor visa as almost 70,000 apply
(DBN)

Mike Lee Gets Furious Senate Email Over His Deranged Assassination Post Dem Sen Reveals Mike Lee’s Unbelievable Response When Confronted Over His Assassin Tweet Mike Lee deletes posts about Minnesota lawmaker shootings after blowback Walz responds to Trump refusing to call him after Minnesota shootings
(DBN)

Go viral for racist behavior, receive $750,000: inside the new extremist crowdfunding campaigns
(DBN)

Musk shares drug test results showing ‘negative’ for Ketamine
(DBN)

Trump Has a Secret Insulting Nickname for Stephen Miller: Biographer
(DBN)

Trump Family's New Business Partner Is India's Richest Man - WSJ
(DBN)

Trump’s $499 smartphone will likely be made in China Trump Declares ‘I Don’t Believe in Telephones’ Day After Launching His Own Telephone
(DBN)

Trump’s Vetting Official Hasn’t Been Fully Vetted for His Own Security Clearance
(DBN)

Cuts to FEMA's storm prep program hammer communities that voted for Trump
(DBN)

U.S. Revokes Visa of Panama’s Former President Who Criticized Trump Deal
(DBN)

Denmark’s Frederiksen moves to keep Greenland out of Trump’s clutches
(DBN)

The Sad, Ever-Expanding World of Officially Licensed Trump Merch
(DBN)

These centrist women on a group chat are leading Democrats in 2025
(DBN)

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Student Debt:

Student Loan Update: How Senate GOP Changes to Trump Bill Impact Borrowers
(DBN)

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Solar:

Sunnova Bankruptcy Adds to Puerto Rico Residents’ Energy Woes
(DBN)

Sunnova Bankruptcy Signals Tough Times for Solar
(DBN)

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Personal Genomics:

23andMe hit with £2.3M fine after exposing genetic data of millions
(DBN)

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Retailing:

Retailer Gabe’s in Talks to Give Keys to Lenders, Get More Cash
(DBN)

How Tariffs Drove This Retail Chain Into Bankruptcy
(DBN)

At Home bankruptcy filing exposes cracks in discount retail
(DBN)

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Healthcare:

How the Senate’s proposed Medicaid cuts could deepen the rural hospital crisis
(DBN)

Hospitals, used to getting their way in Washington, stunned by Senate Medicaid plan
(DBN)

White House denies reporting by Guardian on VA benefits
(DBN)

How Ivermectin Became Right-Wing Aspirin
(DBN)

At least 3% of measles cases this year were in people who were fully vaccinated, CDC says
(DBN)

CDC Virus Expert Quits With a Scary Warning After RFK Jr.’s Vaccine Panel Purge
(DBN)

Abortion Bans Worsen Violence in Relationships, Study Finds
(DBN)

Baby delivered from brain-dead woman on life support in Georgia
(DBN)

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Trucking:

Insolvency in the trucking industry: also known as ‘blood from a stone’
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

$7.4 billion Purdue Pharma opioid settlement backed by dozens of more states A judge could advance Purdue Pharma’s $7B opioid settlement after all 50 states back it
(DBN)

Conspiracy theorist Alex Jones accused of hiding money from Sandy Hook families
(DBN)

Archdiocese of New Orleans accused of securities fraud by investors
(DBN)

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Litigation Funding:

41% Litigation Finance Levy Included in Senate Republican Tax Bill
(DBN)

The Mysterious Forces Behind Anti Litigation Finance Ad Blitz
(DBN)

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Food/Beverage:

Americans Pull Back From Restaurants by Most Since 2023
(DBN)

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Autos:

Tesla stock slips after report EV maker is halting Cybertruck and Model Y production
(DBN)

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Entertainment:

Streaming surpasses combined broadcast and cable viewing for first time ever
(DBN)

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Tech:

TikTok Could Be Back Up On The Chopping Block Soon
(DBN)

How People Decided It’s OK to Wear AirPods Anywhere, Anytime - WSJ
(DBN)

Poll finds public turning to AI bots for news updates
(DBN)

California AI Policy Report Warns of ‘Irreversible Harms’
(DBN)

Amazon's workforce to reduce on rollout of generative AI, agents
(DBN)

NAACP threatens to sue Elon Musk's xAI over Memphis air pollution
(DBN)

Elon Musk's X sues New York to block social media hate speech law
(DBN)

‘Watt’s’ The Problem – The Energy Demands Behind AI
(DBN)

Meta lures OpenAI staff with $100 million bonuses as Mark Zuckerberg ramps up AI hiring push
(DBN)

____________

Food/Beverage:

Pinstripes Bowling Bistro Warns It May Close All Locations Amid Bankruptcy
(DBN)

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Tourism:

Canada Issues Bold New Travel Warning for U.S.
(DBN)

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Comic Books:

Diamond Comics' Claim AENT Poached Staff "Fails As A Matter Of Law"
(DBN)

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Steel:

U.S. Steel-Nippon deal includes "golden share" giving Trump power to approve big corporate changes
(DBN)

____________

UK:

Katie Price cracks bankruptcy joke as she parties hard in Ibiza amid surgery fears
(DBN)

Multi-billion pound SEND funding crisis leaves councils on edge of bankruptcy as 2026 deadline looms Over half of English councils face insolvency under £5bn deficit, MPs warn
(DBN)

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EU:

EU resurrects banking practice that caused the 2008 financial crisis
(DBN)

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Canada:

Canada’s retailers are in trouble and there’s more to come: insolvency, restructuring experts
(DBN)

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MENA:

Israel 'undermined Trump's position' as Netanyahu signals country is 'losing' to Iran Bunker-busting missile strike shakes Israelis’ faith in their safety Israel Katz threatens Khamenei: Be careful you don't end up like Saddam Hussein Israel targeting Khamenei: Are the days of Iran’s supreme leader numbered? Betting Odds Iran’s Leader Khamenei Is Ousted This Year ‘Just Skyrocketed’ Iran finds itself in difficult endgame with Israel, Trump Trump denies reaching out to Iran, threatens to 'come down so hard' if Tehran strikes US assets Iran Is Preparing Missiles for Possible Retaliatory Strikes on U.S. Bases, Officials Say Trump: ‘I don’t care’ that Tulsi Gabbard said Iran wasn’t close to having nuclear weapon US spies said Iran wasn’t building a nuclear weapon. Trump dismisses that assessment Israel Built Its Case for War With Iran on New Intelligence. The U.S. Didn’t Buy It. Trump contradicts his spy chief on Iran's nuclear program ‘We Now Have Complete And Total Control’: Trump Confirms U.S. is Part of Conflict With Iran Israeli air power reigns over Iran, but needs US for deeper impact Trump increasingly warm to using US military to strike in Iran, sources say Trump convenes Israel-Iran Situation Room meeting at White House to weigh US response Vance says Trump may ‘take further action’ on Iran Trump threatens Iran’s leader, demands ‘unconditional surrender’ Battle to define ‘America First’ intensifies as Israel strikes Iran Bipartisan lawmakers to introduce resolution to prohibit US involvement in Iran Israel hasn't hit Iran's secretive Fordo nuclear facility yet. Here's why it might Iran orders officials to ditch connected devices Air Supremacy Over Tehran Gives Israel a Decisive Edge—And Raises New Risks Desperate Iranians try to flee Israeli bombardments Russia says Israeli attacks on Iran are illegal, notes Iran's commitment to NPT Chief Israel planner at Pentagon bashes Jewish state publicly, extensively Stealth aircraft and 30,000-pound bombs: Why destroying Iran’s nuclear program is a such a difficult feat
(DBN)

As Israel Targets Iran’s Nuclear Program, It Has a Secret One of Its Own
(DBN)

Airlines to bring stranded Israelis back home, no outward flights
(DBN)

US pulls out of two more bases in Syria, worrying Kurdish forces
(DBN)

Two oil tankers collide, catch fire near Strait of Hormuz
(DBN)

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Russia:

Canada's PM says support for Ukraine 'unwavering,' offers more aid
(DBN)

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Hungary:

Budapest receives judicial protection, avoids bankruptcy for now
(DBN)

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Japan:

Japan exports fall at sharpest pace in 8 months as U.S. shipments plummet
(DBN)

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India:

From BYJU’S to GlobalBees: Why Many Unicorn Startups Are Facing Insolvency
(DBN)

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Australia:

Navigating Construction Industry Insolvency: Red Flags and Precautionary Measures
(DBN)

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