June 24, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Biglaw Firm Fighting Trump Announces Staff Layoffs
(DBN)

It’s A Really Weird Time To Have One Of The Most Prestigious Public Interest Jobs In The Legal Industry
(DBN)

Richards Layton Names Paul Heath as President, Chooses New Leadership Team
(DBN)

Student loan caps could hit minorities, low-ranked law schools the hardest New Student Loan Cap Could Make Law School Harder to Afford for Many
(DBN)

Law student who argued Constitution protects only white people received award for top grade in originalism seminar A White Nationalist Wrote a Law School Paper Promoting Racist Views. It Won Him an Award.
(DBN)

Midsize Law Firm Challenges And Opportunities In The World Of AI
(DBN)

UK judge warns of risk to justice after lawyers cited fake AI-generated cases in court
(DBN)

AI Fake Citations Expose Lawyer Sloppiness and Training Gaps
(DBN)

Harvey raises $300 million at $5 billion valuation to be legal AI for lawyers worldwide
(DBN)

Winston & Strawn Sues Hunter Biden Over ‘Substantial’ Unpaid Legal Bills
(DBN)

Mahmoud Khalil vows to continue protests after release from detention
(DBN)

History shows prosecuting officials challenging ICE raids won’t be easy Venezuelans Living Near Trump Golf Resort Fear His Immigration Crackdown ICE detained a Marine veteran's wife. He doesn't know how to tell their children where she went. Judge orders Kilmar Abrego Garcia's release before trial, but he will likely be detained by ICE Government files appeal after Kilmar Abrego Garcia ordered released by federal judge US says Kilmar Ábrego García will 'never go free' after judge orders his release Masked agents raid car wash as owner shouts 'you're acting like criminals' 'I feel betrayed,' Marine says of seeing his father punched by federal immigration agent
(DBN)

Militarized LA: troops here to stay as Trump doubles down on deployments
(DBN)

Jury orders man to pay $500K for assaulting police officer who killed himself after Capitol riot
(DBN)

CBS Blasts Trump’s $20 Billion Lawsuit as ‘Meritless’ Attempt to ‘Evade Bedrock First Amendment Principles’
(DBN)

Some lawmakers in both parties question the legality of Trump's Iran strikes
(DBN)

Threat of sleeper cells in US has ‘never been higher’: CBP How US Cities Are Preparing for Potential Iran Retaliation New York to LA Ramp Up Security After US Airstrikes on Iran Homeland Alert for Summer
(DBN)

Supreme Court rebuffs effort by R. Kelly to overturn conviction
(DBN)

P Diddy's legal team will call no witnesses to take the stand to defend him As Sean Combs Took a Victory Lap, He Planned Sex Nights, Prosecutors Say Jury sees more sex videos as prosecutors wind down case against Sean ‘Diddy’ Combs
(DBN)

Toddler died in hot car while dad got haircut and drinks at the bar, police say
(DBN)

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Judges:

Republican attempt to rein in federal judges is stripped from Trump's big bill
(DBN)

Judge Suggests Briefs With Hallucinated Citations Could Land Lawyers In Prison For Life
(DBN)

Elena Kagan Keeps Joining Conservative Decisions. Why?
(DBN)

Supreme Court turns away Virginia’s appeal in felon voting ban lawsuit
(DBN)

Supreme Court eases rapid deportations to countries where immigrants have no ties
(DBN)

Supreme Court to consider if forcibly shaven inmate can seek damages US Supreme Court to hear case over Rastafarian man shaved bald in prison
(DBN)

Judge Who Gave Trump Win in ‘Nuisance’ Case Gets Federal Job
(DBN)

California’s 1-gun-per-month law has no ‘historical twin’ or even cousin, 9th Circuit says in striking it down
(DBN)

Change in establishment clause test doesn’t save Louisiana’s Ten Commandments law, 5th Circuit says
(DBN)

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Wall Street:

Stock futures rise after Trump says Iran-Israel ceasefire is in effect
(DBN)

Dow rises more than 350 points Monday as oil slides on Iran’s restrained retaliation to U.S. attacks
(DBN)

Europe stocks fall on fears of Iranian retaliation after U.S. strikes
(DBN)

When Bombs Fall and Stocks Don’t
(DBN)

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Layoffs:

'Mass Layoff' Provision in Trump Bill Sparks Alarm: 'Deeply Concerning'
(DBN)

AI’s impact on the job market is ‘inevitable,’ says workforce expert: ‘It’s going to hurt’
(DBN)

Ford Escalates Battery Job Warnings as Congress Mulls EV Cuts
(DBN)

S&W Seed Terminates Non-Essential Workers, Mulls Options Including Bankruptcy
(DBN)

Layoffs From Trump Tariffs Ripple Across the Auto-Parts Industry
(DBN)

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Fashion:

CaaStle Files for Chapter 7 Bankruptcy, Setting Up Liquidation
(DBN)

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Utilities:

Hundreds of Connecticut power outages reported Monday amid extreme heat
(DBN)

How Wall Street hedge funds are gambling millions on Eaton fire insurance claims
(DBN)

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Autos:

Tesla stock pops 10% as Musk touts ‘successful’ robotaxi Austin launch Tesla robotaxi finally launches but hiccups include long wait times, Pokemon-style hunts for the car, and even driving in wrong lane 'Just kidding': See what happens when you try to tip Tesla's robotaxi
(DBN)

Tesla owners can make money by turning their cars into robotaxis, Elon Musk says. This is how it would work.
(DBN)

Supreme Court won’t weigh Louisiana direct sales ban challenged by Tesla
(DBN)

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Retailing:

Elliott-Backed Claire’s Eyes Sale as Tariffs Hit Budget Jeweler
(DBN)

The Eternal Quest to Save Gap
(DBN)

At Home’s bankruptcy leaves massive void in affordable furniture market
(DBN)

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Climate:

Dangerous Heat Dome Brings Year’s Hottest Temperatures to 28 U.S. States
(DBN)

Heat waves are getting more dangerous with climate change — and we may still be underestimating them
(DBN)

Where Has Global Warming Accelerated Fastest?
(DBN)

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Healthcare:

Post-Dobbs abortions continue to increase: Report
(DBN)

Oz nudges Republicans to ease off on Medicaid cuts
(DBN)

Republican Says Abortion Law Fear Delayed Her Care for Ectopic Pregnancy
(DBN)

In the shooting of an Indiana kidney doctor, fresh echoes of the UnitedHealthcare murder and the specter of vigilante violence
(DBN)

Cassidy criticizes RFK Jr.'s vaccine advisers Key Senator Calls to Delay Meeting of New RFK Jr. Vaccine Panel
(DBN)

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Telecom:

'A Fresh Start:' Mitel Trims Debt, Lands Funding Amid Bankruptcy
(DBN)

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Entertainment:

Hollywood is in bad shape. You wouldn't know it from CEO pay
(DBN)

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Solar:

"Real Distress" Hits Solar Industry As Bankruptcy Tsunami Looms
(DBN)

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Student Debt:

No, a TikTok Trick Won’t Erase Student Loan Debt
(DBN)

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Economy:

Fed Governor Bowman favors July interest rate cut if inflation stays low
(DBN)

White House redoubles pressure on Powell to cut Fed’s main interest rate
(DBN)

Fed officials are starting to break rank and join Trump
(DBN)

Dollar Erases Gain as Fed-Cut Prospects Outweigh Haven Demand
(DBN)

Companies Look to Borrow Before Yields Rise on Iran Retaliation
(DBN)

A Very Early Look at 2026 Cost-Of-Living Adjustments and Maximum Contribution Base
(DBN)

Why Factories Are Having Trouble Filling Nearly 400,000 Open Jobs
(DBN)

US Economic Outlook Remains Dark as Major Forecast Sees Sixth Straight Drop
(DBN)

US Manufacturing Expands While Inflation Measures Accelerate
(DBN)

India prioritizes national interest in US trade talks, trade ministry source says Ireland Warns Thousands of Jobs at Risk From Pharma Tariffs Pressure to Seal Trump Trade Deals Ramps Up With Two Weeks to Go
(DBN)

Here’s the salary Americans say they now need to earn to live comfortably
(DBN)

IMF’s Georgieva Warns of Broader Risks From US Strikes on Iran IMF says the U.S. attack on Iran amplifies ‘economic uncertainty’
(DBN)

Senate Readies Tax Bill for Vote as Holdouts Threaten Delay The Republican Megabill’s Horrible Compromise Public Views 'Big Beautiful Bill' Unfavorably by Nearly 2-1 Margin Why the Senate’s Byrd Rule Could Mean Trouble For Trump’s ‘Big Beautiful Bill’ Senate Republicans scramble to salvage CFPB cuts, question funding request in GOP megabill Trump’s megabill gets a late makeover in the Senate Senate GOP to Offer $40,000 SALT Cap With Lower Income Threshold
(DBN)

Gen Z is facing a job market bloodbath—but JPMorgan CEO Jamie Dimon says employers are still chasing students who studied these fields
(DBN)

Art that resembles piles of trash and other debris may be recession indicator
(DBN)

White House Faces Risk of Economic Fallout From Iran Strike
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY
(DBN)

Housing June 23rd Weekly Update: Inventory up 0.4% Week-over-week, Up 30.7% Year-over-year
(DBN)

Home Prices Grow at Slowest Pace in Nearly 2 Years
(DBN)

May home sales increase very slightly, but prices hit another record high May home sales barely move as high mortgage rates, prices, weigh on housing market
(DBN)

The fight over real estate listings heats up as Compass targets 'Zillow ban' in new lawsuit Compass files lawsuit against Zillow over private home listings policy
(DBN)

Developer Chris Harrison gets 6-year prison sentence in Model Tobacco embezzlement case
(DBN)

First indictment against Benko could be imminent
(DBN)

Seven-building, 210-unit apartment complex in Newtown headed for bankruptcy sale
(DBN)

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Oil/Gas:

Oil prices up amid Iran conflict
(DBN)

Oil prices fall 7% after Iran strike on U.S. base in Qatar leaves no reported casualties Oil prices tumble as Iran attack avoids crude infrastructure
(DBN)

Oil market's ho-hum response to Iran strike seen as "remarkable"
(DBN)

Oil Markets Brace Ahead of Iran's Next Move
(DBN)

Trump in wake of Iran attack: ‘Everyone, keep oil prices down’
(DBN)

Trump urges "drill, baby, drill," but U.S. producers are cautions
(DBN)

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Personal Genomics:

Limited Objection of Intellectual Property, Health Law and Bioethics Scholars to Debtors' Proposed Asset Sale in the Bankruptcy of 23andMe Holding Co.
(DBN)

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Politics:

Donald Trump Loses Approval Rating Gains in 'Bad' Week—Nate Silver Poll: Trump 37% Approval on Economy
(DBN)

Biden's former doctor Kevin O'Connor to sit for deposition with House Oversight Committee
(DBN)

Bannon Turbocharges MAGA Civil War With Demand to Investigate Fox News
(DBN)

Trump’s Bizarre Use of ‘N-Word’ as He Calls Putin ‘THE BOSS’
(DBN)

Greene: Opposition to Iran attack ‘not disloyalty’ to Trump MTG accuses Trump of "bait and switch" over Iran strikes Marjorie Taylor Greene Warns Trump Entering US Into 'Nuclear' World War III
(DBN)

Veterans in Congress Issue War Powers Warning to Trump After Iran Strike Senator Says War Powers Resolution Against Trump Will Have GOP Support Tom Cotton shares poll showing overwhelming GOP support for Iran strikes Rand Paul: We must not forget Congress holds the war power Some of Donald Trump's Biggest Critics Defend His Iran Strikes Republican Support Flips in Favor of for US Involvement in Israel-Iran Conflict Presidents' ordering military action without Congress' approval has become routine. Here's why. Few Americans, Including Trump Voters, Want Involvement in Iran Trump’s Iran Strikes Are Upending Our Sense of What Kind of President He Is
(DBN)

Mamdani ahead of Cuomo in ranked choice voting: NYC mayoral poll NYC Mayoral Race Tightens as New Poll Shows Mamdani Primary Win A cast of scandal-plagued candidates tests the limits of what NYC voters will forgive
(DBN)

‘Gaslighting’ Karoline Leavitt beginning to 'crack' as MAGA trolls turn on her
(DBN)

As Bombs Fall, Trump’s ‘Cosplay Cabinet’ Reveals the Gap Between Reality and Reality TV
(DBN)

Palm Beach's old money residents left outraged by influx of young, noisy MAGA supporters hoping to see Trump
(DBN)

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Maritime:

Tankers show caution around Strait of Hormuz after U.S. attack on Iran
(DBN)

Mideast ocean freight rates soar on Iran, Strait of Hormuz shipping risks
(DBN)

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Food/Beverage:

Hooters Seeks Court Approval for $6 Million Break-Up Fee in Bankruptcy Sale Process
(DBN)

Meat Packaging Giant Closes Facility Amid Growing ICE Raid Fears
(DBN)

Texas Law Requiring Warnings on M&Ms, Fanta Signed by Abbott
(DBN)

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Awards:

Vault’s Top Law Firms By Practice Area And Region (2026)
(DBN)

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Media:

With its stock in sharp decline, Trump's media company will buy $400 million of its own shares
(DBN)

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Education:

Harvard Wins Longer Block on Trump’s Foreign Student Ban
(DBN)

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Sports:

Corinthians Makes Progress On Debt With Creditors Through Fan Fundraising Campaign
(DBN)

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Satellites:

Ligado, AST SpaceMobile deal approved by judge
(DBN)

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Fintech:

CFPB Moves to Keep Synapse Case Alive for Consumer Relief
(DBN)

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Fraud:

Florida Men Accused of Stealing More Than $100 Million Meant for People With Special Needs Pinellas County businessman Leo Govoni criminally charged Judge denies bail for Clearwater businessman charged in $100 million fraud
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Inside the Sackler Family's Staggering Real Estate Empire—as Purdue Pharma Founders Reach Historic $7.4 Billion Opioid Settlement
(DBN)

Diocese of Winona-Rochester releases statement on legal claims
(DBN)

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Intercreditor:

Creditor Collusion: An Antitrust Analysis of Cooperation Agreements
(DBN)

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Aviation:

Qatar Closes Airspace as Iran Crisis Impact on Airlines Mounts Qantas Jet Takes 15-Hour Flight to Nowhere Due to Mideast Crisis Travel Chaos Starts to Ease as Gulf States Reopen Airspace
(DBN)

Back from bankruptcy: Virgin Australia soars on ASX debut, up 7.6%
(DBN)

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Insurance:

Texas court blocks bankruptcy trustee's attempt to drag insurers back into lawsuit
(DBN)

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Travel:

US citizens urged to ‘exercise increased caution’ worldwide
(DBN)

Americans in Qatar advised to shelter in place
(DBN)

Should Americans Cancel Overseas Trips? What The State Department’s 'Worldwide Caution' Really Means
(DBN)

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Cannabis:

Abbott vetoes Texas THC ban
(DBN)

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Credit Reporting:

Buy Now, Pay Later loans will factor in to Americans’ credit scores
(DBN)

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Religion:

Pope Leo warns of 'irreparable abyss' in war
(DBN)

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Tech:

Wolfspeed Stock Tumbles 30% Amid Bankruptcy Plan. What Comes Next.
(DBN)

The Holy Grail of Automation: Now a Robot Can Unload a Truck
(DBN)

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Tourism:

Hawaii tourism is 'significantly down,' and experts are worried
(DBN)

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UK:

UK Supreme Court Clarifies Scope of Fraudulent Trading Liability
(DBN)

British water giants threatened with collapse
(DBN)

Somerset Council temporarily escapes bankruptcy threat following government ruling
(DBN)

Business insolvencies increased by 7.9% in May
(DBN)

R3 responds to May 2025 insolvency statistics
(DBN)

UK signs up to NATO’s 5 percent defense spending target
(DBN)

UK grocery inflation hits highest level since March 2024, says Kantar
(DBN)

Shaun Wright-Phillips faces threat of financial ruin after HMRC bankruptcy petition
(DBN)

Influencer ridiculed for crying as money woes force her to swap Bloomingdale's for H&M
(DBN)

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EU:

Germany's Merz says Europe must end US defense 'free-ride'
(DBN)

Is NATO Dead?
(DBN)

Germany and Italy pressed to bring $245bn of gold home from US
(DBN)

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MENA:

How likely are US boots on ground in Iran? Five Ways Iran May Respond Iran attacks U.S. military base in Qatar with missiles Iran says it fired on a US base. Qatar says air defenses shot down the missiles. Trump announces 'ceasefire' timeline Iran says an hour before Trump's ceasefire announcement they hadn't seen any proposal Iran's FM claims Tehran stopped attacks after Trump announces ceasefire with Israel Israel Accuses Iran of Breaching Truce Trump Said Was in Effect Trump-Hailed Truce Falters With Israel Accusing Iran of a Breach How Trump Almost Sabotaged His Own Secret Iran Strike How Trump decided to strike Trump Changed. The Intelligence Didn’t. JD Vance Said the Iran Strikes Set Their Nuclear Program Back ‘Substantially.’ He’s Wrong. Iranian media shares photo of Trump on fire in chilling warning after strikes Trump Got This One Right Anderson Cooper, CNN crew evacuate while on air in Israel Satellite images throw Trump’s claims over success of Iran strikes into doubt Trump agitates for regime change: 'Make Iran great again' Trump ‘joking around about regime change in Iran ‘not funny’: Khanna Trump and His Advisers Can’t Get The Message Straight on Regime Change in Iran Israel attacking government sites in Iran as Trump floats regime change Israeli warning call to top Iranian general: ‘You have 12 hours to escape’ Bolton: ‘Level of dissatisfaction across Iran is really pretty incredible’ Israel and Iran Trade Strikes as World Awaits Response to US Debate Rages Within Israel on When to Stop Strikes Against Iran Why the US is attacking Iran now Trump assembles national security team amid threat of Iran retaliation Iran’s Nuclear Dreams May Survive Even a Devastating American Blow U.S. intel found Iran did not move nuclear material from Fordo ahead of attack, Sen. Mullin says Iran's enriched uranium still unaccounted for after U.S. strikes Officials Concede They Don’t Know the Fate of Iran’s Uranium Stockpile Fears over Iran’s missing 400kg of uranium Vance Hints Uranium Was Moved After Trump Tipped Off Tehran ‘Everybody Knows Khamenei’s Days Are Numbered’ Satellite Images Suggest US Avoided Iran’s Nuclear Reactors At Trump's request, Israel cleared way for U.S. bombers in Iran Could there be a military draft? Fears rise after US bombs Iran Iranian paramilitaries go on the hunt for Mossad agents Iran is looking to restore its nuclear industry, Iran's nuclear chief says
(DBN)

Russia ready to help Iran: Kremlin spokesperson As Iran comes under attack, its Arab neighbors are largely AWOL
(DBN)

Why oil is tumbling and stocks are rising after Iran launched missiles at US bases
(DBN)

How Israel deceived the United States about its nuclear weapons program
(DBN)

Sinwar’s March of Folly
(DBN)

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Russia:

Trump slams Russia’s Medvedev for claiming countries will give Iran nuclear warheads Russia condemns U.S. strikes on Iran but takes no concrete actions Trump threatens to unleash ‘most lethal weapons ever built’ if Iran is supplied nukes
(DBN)

Zelensky narrowly escapes assassination attempt by Russian sniper
(DBN)

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China:

China Tightens Fentanyl Controls in Goodwill Gesture to Trump
(DBN)

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Spain:

Spain Wins Exemption From NATO’s 5% Defense Spending Goal Spain and Rutte Locked in a Showdown on Eve of NATO Summit
(DBN)

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Germany:

Germany floats return to conscription if volunteer plan fails
(DBN)

German Business Outlook Hits Two-Year High on Fiscal Boost
(DBN)

German battery production, trade decline; lobby urges action
(DBN)

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Australia:

Pesutto remains, but in huge debt
(DBN)

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India:

Position and Inter se Priority Of Secured Creditors In India: A Legal and Practical Analysis
(DBN)

Resolving Tax Liabilities During Insolvency: An Analysis of the IBC's Approach
(DBN)

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Argentina:

Argentina creditors seek US nod for British court win over GDP-linked warrants
(DBN)

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