June 25, 2025

The Daily Bankruptcy News

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Law:

Biglaw Firms That Capitulated To Trump Reveal Deep Divide Between Corporate Lawyers And Litigators
(DBN)

Winston & Strawn Expands Restructuring Practice with Addition of Jonathan Levine in New York
(DBN)

Biglaw Partner Makes A Mistake, Decides To Respond With Humility And Humor
(DBN)

The Cities With All The Lawyers
(DBN)

The Talent Report: Who Makes Up Big Law’s Talent
(DBN)

'Language Whac-A-Mole': Big Law Tries to Keep Up with the Trump Administration's Word Targets
(DBN)

In Trump’s Second Term, Every Law Firm Decision On DEI Comes With Risk
(DBN)

Amy Wax Loses Bid To Enjoin Sanctions
(DBN)

States Rethink Measure of Lawyers as Deadline for New Exam Nears
(DBN)

Tax-Friendly Puerto Rico Approves Non-Lawyer Owners of Law Firms Puerto Rico Allows Non-Lawyer Ownership Of Law Firms
(DBN)

The Top Biglaw Firms In Washington, DC (2026)
(DBN)

Lawyers copied parts of brief, decided to ‘double down on imprudence’ by repeating losing arguments, judge alleges
(DBN)

Do CLE requirements affect bar size? New working paper explores
(DBN)

How legal ops teams are evolving and the tech trends driving change in an uncertain era
(DBN)

Syracuse mother, four children (3 US citizens) detained by ICE Norwegian tourist, 21, is barred from entering the US after ICE guards find meme showing JD Vance with a bald head on his phone Man Married to US Citizen Detained by ICE After Delaying Green-Card Process Purple Heart Veteran Forced to Deport After Green Card Revoked ICE Detainee on Hunger Strike Could Be Force-Fed Joe Rogan Speaks Out Against ICE Raids: 'That's Crazy' Joe Rogan: Trump’s ‘ICE raids are f—king nuts’ She called 911 to report domestic abuse. Then Houston police called ICE on her ICE released over 435,000 migrants with criminal convictions, data shows ICE holding a record 59,000 immigrant detainees, nearly half with no criminal record, internal data show What to know about Kilmar Abrego Garcia’s release and risk of deportation Judge slams Trump admin's 'insufficient' evidence against Kilmar Abrego Garcia In Florida, an ICE detention facility in the middle of the Everglades
(DBN)

ICE Arrests 11 Iranian Nationals in US Amid Fears of Secret Terror Cells
(DBN)

Meet the D.C. Bigwigs Literally Profiting Off Trump’s Deportations
(DBN)

‘Clouded in mystery’: how Ice became a rogue agency that does Trump’s bidding
(DBN)

'Who are these people?' Masked immigration agents challenge local police, sow fear in L.A.
(DBN)

Guardsmen sent to LA are 130 miles east of the city doing drug busts
(DBN)

Man 'obsessed' with cable news shot 2 Latino men he thought were illegal immigrants
(DBN)

Man tried to snatch 8-year-old from her grandmother at Safeway twice: Police
(DBN)

Trump DOJ Reviving Gun Restoration Program for Convicted Felons
(DBN)

Trump's lawyers say the Supreme Court's sweeping presidential immunity ruling should save him $83.3 million Trump lawyer tells appeals court E. Jean Carroll verdict 'severely damages' presidency
(DBN)

States Step Up Fight With Trump Administration on Grant Cuts
(DBN)

Mike Johnson calls War Powers Act "unconstitutional"
(DBN)

Tennessee Man Spat at 'No Kings' Protesters and Brandished Gun: Prosecutors
(DBN)

DOJ Sues Against Law That Saw Church Threaten To Excommunicate Priests
(DBN)

Man kidnapped ex-business partner after warning there would be 'consequences': Police
(DBN)

Mangione's cellmate reveals life locked up with notorious 'hot CEO killer'
(DBN)

Sean “Diddy” Combs Defense Rests In Sex-Trafficking Trial; Takes A Page Out Of Harvey Weinstein’s Book With No Witnesses, No Testimony By Client
(DBN)

Prosecutor asks court for 'mercy' for parents who let 7-year-old cross busy street
(DBN)

Mom left toddler at playground to go to work, leaving bystander to save boy's life: Police
(DBN)

4 charged with hate crimes for destroying LGBTQ+ pride flags, Atlanta police say
(DBN)

Prosecution rests in Sean 'Diddy' Combs' sex trafficking trial after six weeks of testimony
(DBN)

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Judges:

Trump administration accuses judge of 'unprecedented defiance' of Supreme Court in immigration dispute Trump administration accuses district judge of defying Supreme Court in case of migrants held in Djibouti Judge says SCOTUS decision on 3rd-country deportations doesn't affect his original case
(DBN)

Top Justice Department leaders and judicial nominee tried to mislead judges, whistleblower says
(DBN)

Florida judge discussed federal judgeship before ruling for Trump, getting nominated, articles report
(DBN)

Justice Department official suggested ignoring court orders on deportations, whistleblower claims Bove Told DOJ Lawyers to Ignore Court Orders, Whistleblower Says
(DBN)

Trump's DOJ 'attack dog' condemned by former colleagues ahead of judgeship hearing
(DBN)

Another wrongly deported man must be returned from El Salvador, court says
(DBN)

West Virginia asks Supreme Court to hear trans athlete case after ruling on gender-affirming care
(DBN)

Liberal Justices Slam ‘Incomprehensible’ SCOTUS Majority in Furious Dissent
(DBN)

Sotomayor Outlawyers Supreme Court Majority In Shadow Docket Deportation Ruling
(DBN)

What cases are left on the Supreme Court’s emergency docket? Here’s a look
(DBN)

Federal judge admonishes litigant for ‘absolutely disgusting’ way she disposed of gum in court
(DBN)

Trump Judge Gives Nazi-Sympathizing Law Student High Marks For Rehashing Klan Legal Theory Calling For Minority Disenfranchisement And Murdering Immigrants
(DBN)

'Blatant violation': Judge orders Trump admin to restore millions in funding to researchers, rules decision to terminate grants was 'likely illegal'
(DBN)

Judiciary to Run Out of Defense Lawyer Fund Sooner Than Expected
(DBN)

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Wall Street:

S&P 500 futures are little changed as index nears all-time high
(DBN)

Goldman Sachs rolls out an internal AI assistant firm-wide
(DBN)

Why falling oil prices could actually drag the stock market down
(DBN)

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Layoffs:

Over 600 layoffs ‘on the table’ as Los Angeles prepares to declare fiscal emergency
(DBN)

US health secretary Kennedy says he brought back 722 CDC employees, 220 at NIH
(DBN)

Troubled Texas TV network announces more layoffs
(DBN)

Microsoft planning ‘major’ Xbox layoffs next week
(DBN)

UC San Diego Health laying off hundreds of workers
(DBN)

Hyatt Cuts 30% of its U.S. Customer Service Staff
(DBN)

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Tech:

Social media is fueling conflict in the most bellicose era since World War II
(DBN)

Anthropic wins ruling on AI training in copyright lawsuit but must face trial on pirated books
(DBN)

China unveils mosquito-sized drone
(DBN)

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Autos:

Americans Accelerate Car Purchases
(DBN)

Tesla’s European car sales nosedive for fifth month as customers switch to Chinese EVs
(DBN)

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Personal Finance:

Buy now, pay later loans will soon hit credit scores — and experts think Gen Z could be at risk
(DBN)

We’re living in ‘end times’ when you can’t retire on $1 million
(DBN)

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Crypto:

FTX Creditors Face $2.5 Billion Risk Amid Extended KYC Deadline and Fraudulent Claims
(DBN)

Central bank body BIS delivers stark stablecoin warning
(DBN)

States crack down on bitcoin ATMs as scams surge
(DBN)

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Climate:

Temperature in New York City reaches 100 degrees as eastern US swelters under extreme heat wave Central Park hits 99 degrees, hottest it has been since 2012 and breaking 1800s record
(DBN)

Major Cities Break Heat Records Amid 'Extremely Dangerous' Temperatures
(DBN)

China Pulls Far Ahead in Green Energy Investment
(DBN)

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Economy:

Fed Chair Jerome Powell holds firm on interest rates, resisting pressure to cut Jerome Powell throws cold water on a rate cut in July Powell Says Higher Inflation Outlook Keeping Fed on Hold for Now Powell repeats rate cuts can wait as Fed studies tariff impacts Trump urges Congress to grill ‘very dumb, hardheaded’ Powell in latest attack over Fed’s refusal to cut interest rates Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined Here Are the Key Takeaways From Powell’s Testimony Before House
(DBN)

Jerome Powell says Fed is ‘on alert’ for possible Iranian cyber attacks because ‘we’re a target as well’
(DBN)

Fed’s Schmid Supports Wait-and-See Approach, Watching Price Data
(DBN)

Business Optimism Collapses Under Trump
(DBN)

US Consumer Confidence Retreats in June
(DBN)

Americans sour on US economy and anxiety over tariffs remains the chief culprit
(DBN)

America Warned of Millions Who Are 'Functionally Unemployed'
(DBN)

Americans are feeling worse about the economy — especially Republicans
(DBN)

Local economies under pressure as ICE crackdowns create climate of fear
(DBN)

If something is going to break in the U.S. economy, it will probably happen this summer, BofA Global says
(DBN)

Toys are getting pricier as tariffs kick in High tariffs give Trump less room for error in Iran EU Prepares to Retaliate If US Imposes Baseline Tariffs on Bloc EU Warns a Baseline Trump Tariff Would Still Spur Retaliation Powell says tariffs likely to boost inflation, mum on future rate cuts California ports see new wave of freight containers as ships try to beat China tariff hike FedEx Warns of Pain Ahead With Tariffs Weighing on Demand
(DBN)

A Key Gauge Signals Waning Demand for US Dollar in $7.5 Trillion Market
(DBN)

California Cities To See Minimum Wage Change From July 1
(DBN)

New York Could Test the Four-Day Workweek
(DBN)

GOP Split Emerges Over Plans to Sell Millions of Acres of Federal Land Lee seeks to revise plan to sell public lands after parliamentarian excludes it from GOP policy bill
(DBN)

Trump Administration to End Protections for 58 Million Acres of National Forests
(DBN)

How much do you need to earn to feel financially secure? At least six figures, many Americans say A quarter of Americans now say they need to make at least $150,000 to feel secure—and inflation is largely to blame
(DBN)

Trump Amps Up Pressure on GOP Holdouts on His Massive Tax Bill Trump to Congress: ‘NO ONE GOES ON VACATION’ until spending bill passes Republican Move to Mask $3.8 Trillion Tax-Cut Cost Rings Alarms Republicans' "big, beautiful bill" would force Postal Service to sell its new EV mail trucks Trump’s ‘One Big Beautiful Bill’ is one big betrayal of American energy progress Senate parliamentarian’s no-go list: 12 pieces struck from Trump’s megabill Senate moves closer to "acceptance" on big red line for House GOP Trump's "big, beautiful bill:" What's in, what's out Senate parliamentarian rejects offshore oil, gas drilling provisions in GOP megabill Thune plans weekend showdown on Trump's "big, beautiful bill" Lobbyists Are in ‘Mad Dash’ to Influence Senate GOP Tax Bill
(DBN)

Stable careers are a myth and no one wants to be a leader: A new report reveals the depths of worker pessimism with corporate America
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Case-Shiller: National House Price Index Up 2.7% year-over-year in April
(DBN)

Map Shows Cities With Biggest Drop in Home Sale Prices
(DBN)

Major Metro Areas Where Homes Are Selling for Less Than Purchase Price
(DBN)

First Look at May Mortgage Performance: "Delinquencies Hold Steady and Foreclosure Sales Rise to Highest Level Since Early 2023"
(DBN)

Home price hikes are slowing more than expected
(DBN)

More Homeowners Find Themselves Underwater
(DBN)

Harvard's Housing Market Study Flags Worrying Trends—'Shocking'
(DBN)

Trump Organization Repays Debt on Troubled Wall Street Tower
(DBN)

A $250 Million Real-Estate Mystery Is Unfolding in Palm Beach
(DBN)

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Municipalities:

Cle Elum files for bankruptcy over $26 million development dispute City of Cle Elum Files for Chapter 9 Bankruptcy to Protect Residents and City Services
(DBN)

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Oil/Gas:

Oil is falling so much it’s now cheaper than it was before the Iran-Israel conflict
(DBN)

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Politics:

Trump's Approval Rating Keeps Sliding With Millennials: Polls
(DBN)

Trump Enters Fraught Two-Week Run as Tax, Trade Deadlines Loom
(DBN)

Trump drops f-bomb live on TV over Israel and Iran violating ceasefire
(DBN)

Trump rips CNN, MSNBC on White House lawn: ‘Scum’
(DBN)

House, Senate briefings postponed after Iran ceasefire
(DBN)

White House Reacts After Intel Assessment Contradicts Trump on Iran Strikes Trump Disputes Pentagon View, Says Iran Atomic Sites ‘Destroyed’
(DBN)

Trump channels Dirty Harry in blistering Truth Social post daring Dems to impeach him: ‘Go ahead … Make my day!’ House torpedoes Rep. Al Green’s effort to impeach Trump over Iran strikes Ocasio-Cortez hits back at Trump: ‘Don’t take your anger out on me’ Full List of Democrats Who Voted to Block New Trump Impeachment Articles
(DBN)

Devastating Poll Shows Trump What Americans Think of His Bombings
(DBN)

Marjorie Taylor Greene Starts New MAGA War With ‘Screeching’ Fox News Host MTG Demands Fox News Host Be Fired Amid MAGA Civil War Marjorie Taylor Greene goes after 'propaganda' Fox News for calling her names after Trump beef
(DBN)

In furious rant, Fox News host denounces ‘sorry a--’ MAGA star Bannon
(DBN)

Laura Loomer airs old texts with Tucker Carlson after he brands her ‘world’s creepiest human’
(DBN)

Candace Owens Torches Trump: ‘I Feel Embarrassed That I Told People to Go Vote For Him’
(DBN)

The Proud Boys are the latest MAGA cultists to break up with Trump
(DBN)

Trump's swings on Iran leave MAGA with whiplash
(DBN)

Is the Financial Capital of the World About to Elect a Socialist Mayor? Mamdani Wins Stunning Upset in Democratic Primary as Cuomo Concedes Race Mamdani’s victory would signal seismic shift in national politics and test for socialist movement Cuomo leads Mamdani by 14 points in survey ahead of NYC primary voting Zohran Mamdani Leads Andrew Cuomo Among Wealthiest Voters Zohran Mamdani Blasted in Home State Newspaper: 'Menace' Prominent Qatari royal boosts Zohran Mamdani on social media Ex-Gov. Pataki predicts Curtis Sliwa can win NYC mayor’s race, all because of the Dem slate
(DBN)

Murkowski says she has thought about switching to Democratic caucus
(DBN)

Transgender representation in public office has skyrocketed
(DBN)

Congress has tried and failed for two decades to wield its war powers
(DBN)

Trump Administration Restaffs National Security Council After Cutting Its Size
(DBN)

Donald Trump's family member says 'warning signs' are there amid dementia fears
(DBN)

How DOGE, Trump, Musk and the 'big, beautiful' tax bill are missing the real federal waste
(DBN)

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Student Debt:

Student Loan Delinquencies Hit Record as Late Payments Pile Up
(DBN)

Supreme Court Resumes Case on Debt Forgiveness
(DBN)

Student Loan Delinquencies Hit Record as Late Payments Pile Up
(DBN)

2 million people could have their salaries garnished by the government this summer over student loans
(DBN)

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Theme Parks:

Gulf World Marine Park in crisis: Dolphins relocated amid scandal and bankruptcy fallout
(DBN)

Former Seaquarium CEO accused of diverting funds in bankruptcy case
(DBN)

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Horticulture:

Gardener’s Supply draws $9M bid as Vermont vendors await payment Christopher Condon Discusses Gardener’s Supply Company Bankruptcy Filing
(DBN)

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Fraud:

Leo Govoni case: Emotions high for victims after Pinellas businessman arrested in $100M scheme
(DBN)

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Comic Books:

Titan Has Not Received Payments From Diamond Comics, Stops Supplying
(DBN)

Fantagraphics Says That Diamond Is Holding Their Comics Hostage
(DBN)

Kathy Govier, Chief Marketing & Communications Officer, Out At Diamond
(DBN)

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Solar:

Solar Stocks Soar as GOP Mulls Changes to Tax Credits in Bill
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mootness:

“Statutory Mootness”: Applying § 363(m)’s Appeal Impediments To Sales Under A Confirmed Plan (In re Boy Scouts)
(DBN)

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Cross-Border:

Altice France files for Chapter 15 bankruptcy in US
(DBN)

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Consent:

Judge Goldblatt Reconsiders What Constitutes“Consent” Post Purdue Pharma
(DBN)

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Litigation Funding:

Litigation Funding Tax Proposal Solves Nothing Besides Optics
(DBN)

____________

Aviation:

Judge Hears Heartbreaking Pleas From Unpaid Silver Airways Workers Amid Bankruptcy Fallout
(DBN)

Judge Ousts Seaborne Airlines Executives, Orders Trustee to Oversee Troubled Chapter 11 Sale
(DBN)

NTSB criticizes both Boeing and FAA for terrifying Alaska Airlines door plug incident
(DBN)

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Credit Cards:

Store Credit Cards Hit Record 30% Interest Rates, Driving Bankruptcy Surge
(DBN)

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Education:

1.2 million fake students applied to California community colleges last year. What's being done?
(DBN)

American Students Are Relying On ChatGPT - At Their Own Risk
(DBN)

Texas directs universities to prepare tuition hikes for undocumented students
(DBN)

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Travel:

4 In 10 Americans Are Thinking Twice About Traveling (Especially Overseas) Due To Safety Fears
(DBN)

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Job Hunting:

Job Hunting Firm CareerBuilder + Monster Files Bankruptcy CareerBuilder + Monster, which once dominated online job boards, file for bankruptcy
(DBN)

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Batteries:

Bloom of Interest in Northvolt Amid Bankruptcy Bid Battery maker Northvolt gets indicative bid, bankruptcy trustee tells Swedish radio First Bid Placed for Bankrupt Northvolt's Entire Operations
(DBN)

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Retailing:

Forever 21’s US Operator Wins Court Approval to Liquidate
(DBN)

‘A retail apocalypse’: Big box and chain retailers undergo wave of closures
(DBN)

Walmart Tests Opening ‘Dark Stores’ to Speed Up Online Delivery
(DBN)

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Food/Beverage:

RFK Jr. Is Taking an Axe to America’s Dietary Guidelines
(DBN)

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Trucking:

Truckers work on English skills as US proficiency policy takes effect Truckers fear job loss as new English language rules take effect
(DBN)

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Hotels:

Hotels: Occupancy Rate Decreased 2.4% Year-over-year
(DBN)

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Healthcare:

Venture Firm Plans $10 Million Bid for 23andMe Health-Care Unit
(DBN)

Insight asks judge to throw out lawsuit
(DBN)

Hospitals Face a Legal Land Grab Under the ‘Big Beautiful Bill’
(DBN)

Mitch McConnell Says People Worried About Medicaid Cuts Will 'Get Over It'
(DBN)

Pressure builds on Kennedy’s vaccine panel ahead of first meeting Former leader of anti-vaccine group founded by RFK Jr. to present at first meeting of new CDC vaccine advisers US CDC report shows no evidence linking thimerosal-containing vaccines and autism
(DBN)

GOP chair asks RFK Jr. to retract claim against Democrat in hearing
(DBN)

Democrat tells RFK Jr.: ‘You lied to Sen. Cassidy’
(DBN)

The Adriana Smith Case Was an Ethical Disaster
(DBN)

How the Dobbs Decision Has Shaken the Health Care Landscape
(DBN)

____________

UK:

The Insolvency Company expands across the South West
(DBN)

Brits must 'actively prepare' for war on UK soil, chilling government strategy warns
(DBN)

Britons Lose Faith in US Alliance Amid Trump Tariffs, Poll Says
(DBN)

Former England footballer faces bankruptcy and being left penniless
(DBN)

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EU:

Move over, Canada. NATO has a new villain: Spain.
(DBN)

Trump Hails NATO Spending Plan, Says With Them ‘All The Way’
(DBN)

‘It’s time to get serious on defense’: Moment of truth for NATO as allies seek unity on spending
(DBN)

'Dear Donald.' Trump posts fawning private text from NATO chief on social media
(DBN)

Trump casts doubt on Article 5 commitment en route to NATO summit
(DBN)

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MENA:

Iran ‘hiding thousands of centrifuges’ to build nuclear bomb Early US intel assessment suggests strikes on Iran did not destroy nuclear sites, sources say US strikes only set back Iran’s nuclear program by months, US intelligence report suggests Top Trump official calls US airstrikes on Iran ‘pointless,’ suggests ‘deep state’ swayed prez MAGA Freaks Out Over Leaked Trump Intel on Iran Bombing Trump Goes Absolutely Berserk on Iran and Israel as Ceasefire Deal Crumbles: ‘They Don’t Know What the F*ck They’re Doing’ Trump Truce Gains Ground as Nuclear Watchdog Seeks Iran Access Benjamin Netanyahu Breaks Silence on Trump’s Ceasefire With a Threat Trump says Iran-Israel ceasefire is in effect after both sides violated it Israel and Iran Both Claim Wins as Trump-Brokered Truce Holds Winners and Losers of '12 Day War' After Iran and Israel Agree Ceasefire Trump Backtracks on Booting Out Mullahs After Ceasefire Has Iran Broken Ceasefire? What We Know Trump successfully pressures Israel to scale back retaliation strike in Iran Iran cyber forces have many ways to attack USA, experts warn Trump Rejected Putin's Iran Offer: 'I Need Help With You' Most Americans oppose Trump’s Iran strikes, new poll finds Israel killed at least 14 scientists in an unprecedented attack on Iran's nuclear know-how Fears Over Iran's Missing 400kg Of Uranium. Enough To Make 10 Nukes, Says US How Young Men Feel About Potential US War With Iran
(DBN)

Iran’s military strength is a fraction of Israel’s. Tehran still has 3 key cards it can play if the ceasefire falls apart.
(DBN)

Trump Baffles With Sudden U-Turn on China Buying Iranian Oil
(DBN)

The Son of the Last Shah Wants to Be the Next Leader of Iran
(DBN)

U.N. agency slams U.S.-backed Gaza aid effort as "a death trap," as health officials say 79 people killed
(DBN)

Palestinian health authorities say Israel kills 25 waiting on aid as war death toll exceeds 56,000
(DBN)

Israeli strike hits tents sheltering displaced Palestinian families
(DBN)

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France:

French government to face no-confidence vote after pension talks collapse
(DBN)

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Russia:

Trump Ignores Ukraine War and Declares ‘Peace Abroad’
(DBN)

Europe Needs Ukraine to Fight Russia With Reduced US Help: Think Tank
(DBN)

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France:

Worldline Shares Tumble on Fraud Cover-Up Reports
(DBN)

____________

China:

Tesla Rivals in China Are Shutting Down—Here’s What Went Wrong
(DBN)

____________

India:

New Amendments To Resolution Process Regulations In India.
(DBN)

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