June 4, 2025

The Daily Bankruptcy News

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Law:

Big Law Has Won Three Cases. But Trump Is Ahead in the Long Game As Big Law Shrinks From Taking on Trump, Boutiques Step Up Legal Warfare: How Top Law Firms Overcame Trump’s Executive Orders and Implications for the Future
(DBN)

Goodwin Procter ends agreement with recruiter who called its diversity decisions ‘shameful’
(DBN)

Fifth partner leaves Paul Weiss to join new law firm
(DBN)

Law Firm Cybersecurity at Risk: Stinson LLP Breach Exposes Sensitive Client Data in Diocese Bankruptcy Case
(DBN)

Another FBI Alert: The Legal Industry Continues To Be Targeted By Ransomware
(DBN)

Private Equity Eyes Law Firms: A Potential Shift in the Legal Industry’s Landscape
(DBN)

Top 5 Biglaw Firm Creates New Way For Associates To Connect, Learn The Ropes
(DBN)

Butler Snow LLP Faces AI-Induced “Hallucination” in Legal Filings, Plans Policy Revisions
(DBN)

Jailhouse snitch alleged Donna Adelson offered to pay for witness testimony
(DBN)

Top 100 Biglaw Firm Announces Tie-Up That Will Allow It To Open Up Shop In Boston’s Booming Market
(DBN)

Judge blasts lawyer who appeared via video link without pants
(DBN)

Solicitor who juggled jobs at three law firms struck off
(DBN)

Tom Girardi, former 'Real Housewives' husband, sentenced to 7 years in prison Disbarred lawyer Tom Girardi attributes $15M client theft to accounting errors before his prison sentence
(DBN)

The Number Of People Who Passed California’s February Bar Exam Has Grown By The Hundreds
(DBN)

Top Jan. 6 prosecutor says Trump's Capitol riot pardons signal approval of political violence
(DBN)

Trump’s Justice Department Is Launching Its Craziest Probe Yet
(DBN)

Trump Signed an Executive Order Accusing Him of Treason. Now Miles Taylor Is Fighting Back.
(DBN)

Trump Pardons Florida Divers Who Set 19 Sharks Free
(DBN)

No President Has Wielded the Pardon Power Like Trump Has
(DBN)

Trump’s Tariffs Are a Step Toward Unbridled Presidential Power
(DBN)

White House Memo on EV Grants Sets Up Fight Over Spending Power
(DBN)

DOJ Tests National Security Defense in Fight for Trump Agenda
(DBN)

Newark Mayor Ras Baraka sues Alina Habba over his arrest at an immigration detention center Newark Mayor Sues Alina Habba For MA’AM, DO YOU EVEN LAW?
(DBN)

Boulder suspect had no regrets over attack on Jewish march, officials say Family of Boulder attack suspect taken into ICE custody, DHS chief Kristi Noem says Boulder attack suspect attempted to buy handgun in November but was denied: Officials Boulder community to come together for vigil after firebombing attack that injured 12 What we know about the visa obtained by Egyptian man who injured a dozen people in Colorado
(DBN)

Lone wolf attacks in Boulder and D.C. highlight the difficulties in securing public spaces
(DBN)

FBI discovers cache of guns, armor and Nazi paraphernalia while raiding home
(DBN)

Top US border chief warns new terror attack 'worse than 9/11' is imminent
(DBN)

ICE agents with assault rifles toss flash-bangs in serene San Diego neighborhood. Community fights back Immigration courts dismissing cases of migrants sent to El Salvador: Attorneys Florida Pastor In U.S. For 26 Years Detained By ICE at Immigration Appointment Cameroon Loses US Protections, Told to Self-Deport Attorneys for man deported in violation of court order want special master to investigate DHS explains to Massachusetts governor it ‘never intended to apprehend’ high schooler Trump Plugs Kid Rock’s New ‘MAGA’ Restaurant After ICE Raid Southern California boy detained by ICE at immigration hearing Here's where the hot spots are for immigration enforcement Jewish lawmakers fear they're the next targets after Boulder, D.C. attacks ICE Arrests Migrant for Drunk Driving. He Has No Car and Can't Drive Trump admin ignoring FOIA requests on DNA samples taken from immigrants, lawsuit says 4-year-old from Mexico receiving 'lifesaving medical treatment' can remain in US
(DBN)

DOJ claims feds can 'snatch residents' from street, place in foreign prison: Filing
(DBN)

US citizens kidnappings in Mexico tied to dating apps, officials warn
(DBN)

Sean 'Diddy' Combs paid hotel security officer to hand over video, jury hears List of Celebrities Mentioned in Diddy Trial and What Was Said Diddy Prosecutors Raise Concerns After Witness Identity is Leaked
(DBN)

Trump decried crime in America, then gutted funding for gun violence prevention
(DBN)

Harvey Weinstein's lawyer tells jury movie mogul's accusers lied Harvey Weinstein used Hollywood clout to abuse women, prosecutor tells jury
(DBN)

Florida Mom 'kills son in exorcism'
(DBN)

Indiana man, 77, calmly calls cops to report he had just killed his wife, mother-in-law and stepson and injured 4th victim: ‘I shot them all’
(DBN)

Escaped Louisiana inmate pleads for Trump’s help in video
(DBN)

Los Angeles County will pay $2.7M to teen boy attacked in ‘gladiator fights’ at detention facility
(DBN)

America Sees Rise in Female Shooters—FBI Data
(DBN)

Louisiana lawmakers reject adding exceptions for some rape cases to abortion ban
(DBN)

______________

Judges:

Federal bankruptcy judge's wife confronts man playing bagpipes before assaulting his wife: Police
(DBN)

Availability of a Bankruptcy Judgeship Position in the Northern District of Florida at Tallahassee
(DBN)

BK SD CA: Invitation for Public Comment on the Reappointment of U.S. Bankruptcy Judge Christopher B. Latham
(DBN)

23andMe Bankruptcy Judge Ponders Trump Bill’s Injunction Impact
(DBN)

Chief justice delivers traditional toast to president at Historical Society dinner
(DBN)

Trump overshadows Supreme Court as ruling season begins
(DBN)

The Constitution strikes back against Trump
(DBN)

Trump privately complains about Amy Coney Barrett and other Supreme Court justices he nominated
(DBN)

The Myth Of The Modern Swing Vote
(DBN)

US judge dismisses California's tariff lawsuit, teeing up appeal
(DBN)

Trump seeks to reshape judiciary as first nominees face Senate
(DBN)

Judge extends pause on order invalidating Trump’s tariffs
(DBN)

GOP-Appointed Judge Blocks Trump Executive Order On Transgender Inmates
(DBN)

Could Clarence Thomas Delay Retirement Over Trump Picks? Experts Weigh In
(DBN)

Supreme Court will decide when police don’t need warrant to enter home in emergency
(DBN)

Trump hits judicial jackpot as all 3 judges on tariffs appeal were appointed by him
(DBN)

Trump’s First Judicial Nominees Have Federalist Society Ties
(DBN)

Donald Trump Scores Legal Win Over Democrats Democrats Lose Challenge to Trump’s Order on Election Commission
(DBN)

Boycotting law clerks to pressure schools might ‘cross an important line,’ 8th Circuit chief judge says
(DBN)

Conservative Legal Scholar Thinks Donald Trump Would Be Behind Bars If Not For ‘Federalist Society Judges’
(DBN)

Judge rules federal prisons must continue providing hormone therapy to transgender inmates
(DBN)

______________

Wall Street:

Stock futures rise slightly U.S. stock futures edge higher on trade talk optimism; ADP labor data due
(DBN)

Dow closes 200 points higher, S&P 500 climbs as Nvidia lifts tech sector
(DBN)

Global Stocks Hit Record as Economic Bets Outweigh Trade Jitters
(DBN)

Wall Street Games Out How To Profit From Tariff Chaos
(DBN)

______________

Layoffs:

Oklahoma health system lays off 10% of workforce, 270 jobs
(DBN)

‘Huge win’: Bitwise employees receive 1st settlement check
(DBN)

Trump job cuts hobble NOAA team that reopens ports after hurricanes, sources say
(DBN)

International delivery giant to lay off hundreds at Texas facility
(DBN)

Trump administration moves to fast-track firings of federal workers for misconduct
(DBN)

Chevron Confirms 200 Job Cuts
(DBN)

Walmart Fires Some Florida Store Workers Over Immigration Ruling
(DBN)

House budget bill would kill 330K solar, storage jobs: SEIA
(DBN)

______________

Student Debt:

Default on your student loans? Trump will go after your tax refunds and wages, but not Social Security
(DBN)

____________

Retailing:

Dollar General posts record sales as bargain stores attract more people anxious about the economy Dollar General Jumps Most on Record After Raising Forecast Dollar General's sales are climbing as higher-income shoppers opt for cheaper deals Dollar General’s gain could be a warning for America’s economy
(DBN)

Dollar Tree forecasts weak second-quarter profit on tariff uncertainty
(DBN)

The rise and fall of Rite Aid
(DBN)

____________

Celebs:

50 Cent Scores Major Victory—Bankruptcy Judge Seals $20M Abuse Lawsuit Allegations, Shutting Down Years-Long Legal Battle Curtis '50 Cent' Jackson hopes to reopen bankruptcy to derail $20M lawsuit
(DBN)

____________


Economy:

Job openings unexpectedly increased in April – but so did layoffs Job openings rise in the midst of trade wars, but businesses are slow to hire
(DBN)

US labor market steadily easing amid tariff uncertainty
(DBN)

Trump promised to bring jobs to the Rust Belt. The Sun Belt may get them instead.
(DBN)

Tariffs to spur inflation, slow US GDP growth to 1.6% this year: OECD
(DBN)

What Percentage of Americans Have a Retirement Savings Account?
(DBN)

NY Fed flags $1.06 trillion unrealized loss on bond holdings in 2024
(DBN)

Fed's Bostic says current uncertainty calls for patience on rate policy Fed’s Bostic Wants More Progress on Inflation, in No Rush to Cut
(DBN)

Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy
(DBN)

Ray Dalio just joined the list of billionaires sounding the alarm on the US economy
(DBN)

Further downside on radar as U.S. economic forecasts for 2025 and 2026 are reduced. Again.
(DBN)

America's biggest lender is closing its wallet - and investors and homebuyers will feel it. Here's what to watch.
(DBN)

'Danger zone': Top companies weather uncertainty as Trump's tariffs fluctuate
(DBN)

‘The president is obsessed’: Trump fixates on Xi call amid faltering trade talks Trump says China's Xi is 'extremely hard to make a deal with' Trump’s tariff fallout? It’s worse than we previously thought, says OECD Trump tariffs stoke supply chain worries for US businesses, survey shows Tariff uncertainty puts middle-market suppliers in a bind Musk Freaked Out Tesla Staff With Question About Trump’s Trade War What to know about tariffs: Key deadlines and rules US Sent Letters to Trade Partners Ahead of Tariff Deadline It's official: Trump's tariffs are damaging the economy
(DBN)

Trump Signs Order Doubling Tariffs on Steel and Aluminum
(DBN)

Trump's finance guru goes to war with America's top banker: 'His predictions have never come true'
(DBN)

Fed’s Cook Underscores Importance of Price Stability
(DBN)

Looking Back At The Good Old Days Of Growth Under Biden
(DBN)

President Blasts Rand Paul as 'Crazy' for Resisting Bloated Bill Trump slams Rand Paul for refusing to back budget bill due to $5 trillion debt ceiling hike Rand Paul doubles down on big, beautiful bill criticism after Trump slam Elon Musk calls Trump spending bill 'disgusting' days after White House send-off GOP beats down key budget office over tax plan projections Trump pushes a July 4 deadline for big tax bill as senators dig in Rescissions: House Republicans push for spending cancellations as Elon Musk and conservatives demand deeper budget cuts House SALT Deal Will Have to Change, Senate Leader Thune Says
(DBN)

Trump’s Brag About ‘BOOMING’ Economy Immediately Gets a Reality Check
(DBN)

Electricity Prices Are Surging. The G.O.P. Megabill Could Push Them Higher.
(DBN)

Consumers Prefer American-Made, But Aren't Willing to Pay
(DBN)

I’m a business immigration lawyer. The current system is designed to get employers to say, ‘Forget it.’
(DBN)

There's really only one way to get a new job these days
(DBN)

Young people are skeptical of the American Dream
(DBN)

Opportunity Zones: Congress Is Subsidizing the Wrong Neighborhoods
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Commercial real estate pros bid farewell to the Trump bump as April sales activity plunges
(DBN)

Mortgage Rates Are Trapped in 'Groundhog Day'
(DBN)

Florida's grim warning for America's real estate
(DBN)

Bankruptcy Auction Set for Hollywood 33-Unit Apartment Complex
(DBN)

Man's Home Sale Falls Through After Alleged Squatters Move in Night Before
(DBN)

Trump Team Signals It Wants To Keep Control Of Fannie, Freddie To Boost Budget Ackman pushes Fannie and Freddie’s odd economics to the limit
(DBN)

____________

Politics:

America's two realities: Republicans and Democrats see starkly different U.S. realities
(DBN)

Trump Approval Rating Tracker: Declines 2 Points In Latest Poll Trump's Approval Rating With Key Group Jumps, Polls Show Donald Trump's Approval Rating Shifts in Multiple Polls Donald Trump Eliminates Democrats' Polling Advantage in Key Area
(DBN)

The No. 1 Rule for Understanding Trump
(DBN)

Bruce Springsteen’s Anti-Trump Speech in Manchester Is a Hit on iTunes, Spotify, YouTube
(DBN)

What makes Trump’s new portrait different from his predecessors’
(DBN)

FCC Commissioner Anna Gomez Wages a Lonely Fight for Press Freedom in Trumpland
(DBN)

Steve Bannon Demands Lindsay Graham Be Jailed in Tense Back-and-Forth With Chris Cuomo
(DBN)

White House sends Congress request for $9.4B in DOGE cuts
(DBN)

US shifting Greenland military oversight in ownership push
(DBN)

The Political Realignment Has Arrived. Republicans Are in Danger of Blowing It.
(DBN)

Trump's approval among Latino voters is crashing, new poll shows
(DBN)

Republican push for proof of citizenship to vote proves a tough sell in the states
(DBN)

Musk’s DOGE Goons Trashed Office and Left Drugs Behind
(DBN)

’130 days of Elon Musk’: Report cites more than 100 times DOGE boss benefited self, business
(DBN)

GOP Senator Insists She’s ‘Very Compassionate’ After Telling Worried Voters They’re Going to Die Election handicapper shifts Ernst race toward Democrats after Medicaid remarks
(DBN)

Florida Bridge Displays Pride Colors in Defiance of Ron DeSantis
(DBN)

Musk blasts Trump’s agenda bill as a ‘disgusting abomination’ Marjorie Taylor Greene Partially Agrees With Elon Musk on Trump-Backed Bill
(DBN)

Hegseth orders Navy strip ship Harvey Milk of name
(DBN)

Kennedy Center subscription sales fall 36%
(DBN)

Now the President Is an Art Critic
(DBN)

Left-wing violence is being normalized
(DBN)

Florida Weatherman Warns He Won’t Be Able to Accurately Predict Hurricanes This Summer Because of Federal Budget Cuts
(DBN)

____________

Tech:

AI is creating an entry-level jobs crisis for Gen Z workers
(DBN)

‘Godfather’ of AI Yoshua Bengio says latest models lie to users
(DBN)

AI agents observed sharing sensitive corporate data
(DBN)

____________

Sports:

Trump Threatens ‘Large Scale Fines’ After Transgender Girl Competes In California Track Competition
(DBN)

____________

Entertainment:

Kast Media Emerges from Chapter 11 Restructuring with 85% Support
(DBN)

____________

Software:

“This is one sector that really causing me to take a lot of pause”: Marathon’s Richards Raises Caution on Direct Lending to Software Firms
(DBN)

____________

Assisted Living:

Omega assigns LaVie master lease to new entity on completion of latter's bankruptcy proceedings
(DBN)

Deadline, delisting warning given to embattled nursing home powerhouse PACS
(DBN)

____________

Movie Theaters:

AMC Theatres to run even more ads before movies play after holding out for years amid financial struggles
(DBN)

____________

Healthcare:

MAHA adviser: Report’s citation errors ‘great disservice’ to Trump, RFK Jr.
(DBN)

UnitedHealthcare Is Struggling To Recover From Luigi Mangione
(DBN)

Trump administration rescinds guidance on emergency abortions in hospitals
(DBN)

Here's Where Medicaid Cuts Stand In Trump's Mega-Bill—Affecting More Than 7 Million Americans Trump Obscures Medicaid Cuts in Bid to Pass Massive Tax Bill Trump Team Swears It’s Only Cutting Medicaid for People Who Don’t Deserve It The GOP’s New Medicaid Denialism 'We're All Going to Die': GOP Fumbles Defense of Medicaid Cuts Republicans on defense over Medicaid
(DBN)

Sen. Joni Ernst defends Medicaid cuts, says ‘well, we all are going to die’
(DBN)

Measles Vaccination Rates Are Plummeting Across the U.S.
(DBN)

____________

Agribusiness:

US Farm Sentiment at 4-Year High as Trump Seeks Trade Deals
(DBN)

____________

Autos:

Europe’s auto parts suppliers suspend output due to China’s rare earth curbs
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

May Commercial Chapter 11 Filings Increase 62 Percent over Last Month - Total Commercial Bankruptcy Filings Up 8 Percent
(DBN)

Rising bankruptcy filings
(DBN)

______________

Trustees:

BK VA ED: Seeks Applicants for Chapter 13 and Chapter 12 Standing Trustee
(DBN)

____________

Mediation:

70% Of Mediation Participants Prefer Zoom Mediations To In-Person Mediations (A Study Of EEOC Mediations—Part 1 of 2)
(DBN)

____________

Miscellaneous:

Paul Weiss Restructuring Department Bulletin – June 2025
(DBN)

____________

Appeals:

The World of Interlocutory Bankruptcy Appeals
(DBN)

____________

Mass Torts:

Opioid settlement plan allows millions to be spent on purposes other than the public health crisis
(DBN)

'None of us wants to pay for it': Diocese of Buffalo asking affiliates, parishes to contribute to settlement
(DBN)

Baltimore judge orders temporary stay of Child Victims Act cases
(DBN)

Johnson & Johnson Challenges Attorney’s Role in Talc Class Action Suit as Legal Battle Intensifies
(DBN)

____________

D&O:

The State of U.S. D&O Market: Three Factors Impacting the U.S. D&O Market
(DBN)

____________

Aviation:

Brazilian Airline Azul Tumbles Into Bankruptcy After Vowing to Avoid It Azul’s ratings downgraded to Ca by Moody’s amid chapter 11 filing
(DBN)

Thai Airways Nears Rehabilitation Exit, Set for Stock Market Return
(DBN)

Airlines and planemakers warn that credit card legislation could end frequent-flier rewards
(DBN)

Transatlantic passengers heading for Miami had a 4-hour flight to nowhere, ending up back in Zurich
(DBN)

Space Economy Projected to Reach Trillions by 2035
(DBN)

China Weighs Ordering Hundreds of Airbus Jets in Major Deal
(DBN)

____________

Telecom:

EchoStar Shares Fall After Skipping Another Interest Payment Amid FCC Review
(DBN)

____________

Food/Beverage:

They Bet Their Future on Barbecue Dreams. Many Lost Everything.
(DBN)

Phoenix bakery Noble Bread seeks restructuring through Chapter 11 bankruptcy
(DBN)

Remy Cointreau Pulls Sales Targets Over Tariff Challenges
(DBN)

____________

Fraud:

Holland & Knight Seeks to Toss GWG Trustee Suit Alleging Fraud
(DBN)

‘Deceitful scheme’: Celebration Pointe investor sues developer, financial advisor following bankruptcy
(DBN)

____________

Education:

Defense Official Warned Pentagon of ‘Grave Risk’ to National Security Over Harvard Cuts
(DBN)

The DOJ’s Accusations That Harvard Discriminates Against White Men Are Dressed-Up FASORP Talking Points
(DBN)

A Stephen Miller Staffer and Tough Talk: Inside Trump’s Latest Attack on Harvard
(DBN)

Penn Wins Dismissal of Antisemitism Suit by Jewish Students
(DBN)

A Student at Brown Channeled Elon Musk. Then He Got in Trouble.
(DBN)

Connecticut town’s schools are investigated for transgender athlete policies
(DBN)

Florida teacher, 28, accused of sending nude photo to middle school student
(DBN)

____________

Sovereigns:

Ukraine will have to pay interest on money owed to its creditors due to its default on GDP warrants.
(DBN)

____________

UK:

UK launches probe into alleged solar fraud that brought down English council
(DBN)

Thames Water creditors line up McTighe to spearhead rescue deal KKR abandons £4bn rescue of Thames Water: Nationalization now looms for debt-ridden firm Thames Water’s financial options are narrowing
(DBN)

Deloitte UK cuts the number of partner promotions by 25%, the latest sign of pressure on the Big Four
(DBN)

DWF partner fined over £2.2 million payout blunder
(DBN)

UK's Dramatic Defense Overhaul Undershoots Trump's Target
(DBN)

Trump’s 50% steel tariffs hit the world but UK spared full blow Trump Gives UK Five-Week Deadline After Reprieve on Steel Tariff
(DBN)

Trump’s Attack on DEI Hits UK as Corporate Sponsors Abandon LGBTQ Pride
(DBN)

____________

EU:

Italy Private Sector Growth Hits 13-Month High
(DBN)

Spain Industrial Output Growth Slows
(DBN)

JD Vance Is Being Proven Right About Europe's Free Speech Problem
(DBN)

____________

Canada:

Canada’s domestic tourism industry could net billions due to U.S. trade war
(DBN)

____________

Russia:

Is this the man behind world’s most daring military op? Ex-DJ ‘secret agent’ to go down in history for $7bn ‘web’ blitz
(DBN)

Trump envoy to Ukraine says risk of escalation rising after strikes
(DBN)

After Ukraine’s surprise drone assault on Russia, new attention drawn to sensitive sites stateside
(DBN)

Brit Hume pushes back on Trump: Ukraine ‘has quite a few cards to play’
(DBN)

Ukraine’s Warning to the World’s Other Military Forces
(DBN)

Ukraine carries out underwater strike using 1,100kg of TNT on Crimea’s Kerch Bridge
(DBN)

Russian forces advance in northern Ukraine, within range of major city of Sumy
(DBN)

Putin’s war economy roars ahead but the rest of Russia struggles
(DBN)

Russian oil revenue falls to two-year low as global prices sink
(DBN)

NATO Is Pushing for Fivefold Boost to Ground-Based Air Defenses
(DBN)

Trans journalist who joined Ukraine army and warned of Putin's 'hate' given 20 years in jail
(DBN)

Putin didn’t budge in Ukraine peace talks. Now Donald Trump may be forced to act
(DBN)

As Trump Wavers, Europe Is More Optimistic About Defending Ukraine
(DBN)

Hegseth will skip a meeting on organizing military aid to Ukraine in a first for the US
(DBN)

____________

MENA:

Dozens feared dead after another reported shooting at Gaza aid center
(DBN)

US consulting group terminates contract with controversial US-backed Gaza aid organization
(DBN)

Israel’s Gaza Push Spurs Europe Leaders to Turn on Netanyahu
(DBN)

Any Trump deal with Iran must tackle nuclear watchdog's blind spots An outline is emerging of the US offer to Iran in their high-stakes nuclear negotiations Iran Warns US Over Nuclear Talks as Doubts Grow on Trump Deal Iran’s supreme leader criticizes US proposal in nuclear talks but doesn’t reject the idea of a deal
(DBN)

Israel Fears Arms Race in Fight to Remain Middle East's Only Nuclear Power
(DBN)

____________

China:

HK property giant New World’s distress worsens after shock delay on bond interest
(DBN)

Cifi creditors approve US$7.9 billion offshore debt restructuring plan
(DBN)

Diplomats, automakers push Beijing to loosen rare earth magnet export restrictions
(DBN)

____________

Australia:

RSM expands insolvency services amid elevated bankruptcy rates
(DBN)

____________

India:

India Challenges US on Auto Tariffs in Toughening Trade Stance
(DBN)

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