March 11, 2025

The Daily Bankruptcy News

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Law:

Cadwalader Enhances Restructuring Capabilities With the Addition of Partner Douglas Mintz
(DBN)

Pierson Ferdinand Adds Elite Bankruptcy, Financial Restructuring, and Reorganization Partners
(DBN)

Paul Hastings Hires Top Kirkland Dealmaker to Lead M&A Practice
(DBN)

Paul Hastings Re-Elects Leaders to Push Aggressive Growth Plan
(DBN)

Davis Polk Poaches Debevoise M&A Chief in Dealmaker Talent War
(DBN)

Biglaw’s Silence Is Deafening: Why Top Law Firms Are Mute On Trump’s Biglaw Crackdown Trump's orders targeting law firms raise constitutional concerns, experts say Lawyers Face Hard Choices About Taking Cases That Irk Trump Trump confirms retribution campaign against law firms that clash with his agenda Trump Is Coming After Biglaw, Too Bad They’re ‘A Bunch Of Pussies’ Just Like Republican Senators Top Law Firm Targeted by Trump Over Clinton Campaign Work Hires Counsel Why Trump really went after top Democratic law firm Perkins Coie
(DBN)

Tulsi Gabbard says she canceled security clearances for top Biden aides and officials who pursued cases against Trump
(DBN)

Disbarred attorney sentenced to more than 3 years in prison for Social Security number fraud as part of scheme to obtain jobs at law firms
(DBN)

How AI is Prompting Law Schools to Revise Their Honor Codes
(DBN)

Biglaw Firm Scrubs Pronouns From Attorney Signatures Without Telling Anyone
(DBN)

Former Duane Morris partner arrested on outstanding warrant after skipping Michigan assault hearing
(DBN)

New York Has A Pretty Hefty Legal Bill
(DBN)

Lawyer convicted in fatal shooting of man who attacked him in law firm parking lot
(DBN)

Gloria Allred Hit by Bombshell Claims From Clients in Sex Abuse Cases The High-Pressure Tactics Attorney Gloria Allred Uses—On Her Own Clients - WSJ
(DBN)

The End of Reality? How to combat deepfakes in our legal system
(DBN)

US unveils new app for 'self-deportations' As border crossings drop, Trump deports fewer people than Biden BlackRock’s Fink says Trump deportations will have severe impact on agriculture, construction
(DBN)

This Is the Greatest Threat to Free Speech Since the Red Scare
(DBN)

‘Nothing like this in American history’: the crisis of Trump’s assault on the rule of law
(DBN)

LA district attorney says he won’t support resentencing the Menendez brothers because they lied
(DBN)

Trump's Jan. 6 pardon doesn't cover rioter's plot to kill FBI agents, judge rules
(DBN)

Justice Dept. Official Says She Was Fired After Opposing Restoring Mel Gibson’s Gun Rights
(DBN)

Eric Adams Gets Helpful Assist From Paul Clement
(DBN)

More Big Names Get Caught Up In Diddy Freak Off Allegations
(DBN)

8-year-old forced to jump on 110-degree trampoline without water until she died
(DBN)

Woman died after falling off golf cart driven by drunk driver: Police
(DBN)

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Judges:

US Supreme Court to hear challenge to Colorado gay 'conversion therapy' ban
(DBN)

Judges No Longer Need To Stop Federal Law Clerks From Applying To ‘Political’ Jobs While Clerking
(DBN)

Musk’s Team Must Produce Documents to Comply With Open Records Laws, Judge Says
(DBN)

US judge orders Trump administration to restore teacher preparation grants
(DBN)

Trump DOJ says states suing over firings 'cannot interject' and have 'no hope of success'
(DBN)

Trump DOJ tries to stop court showdown, OPM director testimony in mass firings case
(DBN)

Another federal judge name-drops Justice Barrett in ruling halting Trump foreign aid cuts
(DBN)

Trump Partly Blocked From Defunding USAID as Lawsuits Go On
(DBN)

The case of a California judge charged with murder in his wife's death has ended in a mistrial
(DBN)

Major Update in Judge Killed in Chambers 'Sex Scandal' Case
(DBN)

James Ho Quits Judges Group Over Statement Against Threats
(DBN)

SCOTUS refuses to take case of fired Christian fire chief over dissent of Justice Thomas
(DBN)

Thomas calls out justices over 'suspect' reading of constitution in climate change lawsuit
(DBN)

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Wall Street:

Stock futures edge up after recession fears triggered a market sell-off
(DBN)

World shares are mixed following Wall Street’s panicked sell-off over Trump’s tariffs
(DBN)

US stock market loses $4 trillion in value as Trump plows ahead on tariffs Dow plunges more than 1,000 points, Nasdaq craters as recession fears batter stocks Dow drops 950, and Wall Street flirts with its worst day in years on worries about the economy Stocks plummet as Trump won't rule out recession risk Stocks plunge, market closes down on recession fears amid escalating tariffs Markets Rocked as Wall Street Frets Over Trump’s Economic Impact White House: Stock market plunge is not as ‘meaningful’ as business activity
(DBN)

Trump bump turns into Trump slump: 3 big reasons
(DBN)

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Layoffs:

Meet the federal worker who went rogue: ‘I hope that it lights a fire under people’
(DBN)

NASA Just Fired Its Chief Scientist, Won't Hire Another One
(DBN)

Inspectors general fired by Trump reveal they've saved taxpayers billions of dollars
(DBN)

Catholic Charities of Fort Wayne-South Bend announces layoffs due to lost federal funding for refugee services
(DBN)

MVM Inc. to lay off 379 workers
(DBN)

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Retailing:

Rite Aid in talks to access full asset-backed loan for turnaround plan Rite Aid Is in Talks With Creditors to Bolster Its Liquidity
(DBN)

Joann Fabrics Leases Are Up for Sale as All Locations Close
(DBN)

Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl
(DBN)

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Student Debt:

Trump order blocks public service loan forgiveness for employees of ‘activist organizations’ What student loan borrowers should know as Trump targets Public Service Loan Forgiveness
(DBN)

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Wind Energy:

Investors Learn Brutal Lesson From Sweden’s Wind Farm Woes
(DBN)

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Freight:

AAR: Rail Carloads Down YoY in February, Intermodal Up
(DBN)

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Radio:

KDHX files for bankruptcy
(DBN)

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Climate:

In another climate and money withdrawal, US pulls out of climate damage compensation fund
(DBN)

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Comic Books:

How Will The Diamond Comic Distributors Auction Affect Collectors?
(DBN)

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Economy:

White House official expects Q1 GDP to 'squeak' into positive category
(DBN)

Cracks are forming in America’s economy. Trump is a big reason why
(DBN)

Trump Promised Americans Booming Wealth. Now He’s Changing His Tune.
(DBN)

Billionaires at Trump’s Swearing-In Have Since Lost $209 Billion
(DBN)

US Small-Business Optimism Retreats as More Shift to Price Hikes
(DBN)

Recession risks rise for all three North American economies over US tariff chaos What Trump actually wants from tariffs Ontario slaps 25% tax increase on electricity exports to US in response to Trump’s trade war Will tariffs bring back US manufacturing jobs? Stakeholders are split Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many Trump rejects pleas from business for more clarity on tariffs Volkswagen and Stellantis evade Trump's 25% tariffs, while BMW braces for impact Canada's next PM Mark Carney vows to win trade war with Trump New Canadian Leader’s Balancing Act: Negotiate With and Fight Trump China says it will grow relations with Canada on basis of mutual respect US Says Will Retaliate If Poland Introduces Tax on Big Tech Australia Makes Trump Tariff Exemption Push as Deadline Nears Japan’s Muto Reiterates Plea for Exemption From Trump Tariffs Are Trump's tariff threats already taking a toll on Indian exports? Tariff Panic on Wall Street Pressures Trump to Speed Up Tax Cuts Volkswagen Touts US Spending in Face of Trump’s Tariff Threats US-China Tariff Talks Stuck at Lower Levels, Stoking Frustration Trump finds unexpected ally in auto union leader over tariffs
(DBN)

Trump to Address Top CEOs, Wall Street Bank Executives Tuesday
(DBN)

Treasuries Rally as US Recession Angst Sends Investors to Safety
(DBN)

Tariff and growth worries boost safe-haven yen, Swiss franc
(DBN)

Congressional Republicans seek to unite around bill to avert government shutdown Congress races to avert government shutdown ahead of Friday deadline House Freedom Caucus Backs Stopgap Bill to Avert US Shutdown
(DBN)

Jamie Dimon says it's only 'people in the middle' complaining a lot about RTO
(DBN)

DEI Reversals at Accounting Firms Will Worsen Talent Pipelines
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Part 1: Current State of the Housing Market; Overview for mid-March 2025
(DBN)

Housing March 10th Weekly Update: Inventory up 0.5% Week-over-week, Up 28.3% Year-over-year
(DBN)

Wells Fargo sues JPMorgan over troubled $481 million real estate loan
(DBN)

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Oil/Gas:

Baker Hughes says oil producers unlikely to increase spending this year
(DBN)

US Supreme Court nixes challenge to state climate suits against oil firms
(DBN)

Trump’s ‘energy emergency’ is just a giveaway to Big Oil
(DBN)

Oil Prices Continue Downward Spiral Amid Market Chaos
(DBN)

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Telecom:

Canada's Mitel Enters Bankruptcy After 'Up-Tier' Lawsuit Telecom company Mitel files for bankruptcy to cut $1 bln in debt Mitel Confirms Chapter 11 Bankruptcy, Expects a “Swift” Exit
(DBN)

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Autos:

Elon Musk’s Net Worth Plummets As Tesla Stock Tanks — Down Nearly $140 Billion Since December Tesla’s crash back towards reality, in several charts Tesla tumbles again as investors bail on Elon Musk’s suddenly struggling electric vehicle company Tesla shares plunge 14%, head for worst day in five years Trump Says He’ll Buy a Tesla to Support Musk After Shares Plunge Nationwide Tesla Protests Against Elon Musk Are Escalating Tesla Stocks Tumble as Elon Musk’s Political Role Grows More Divisive Who Will Buy Tesla When It Goes Bankrupt?
(DBN)

Ford’s German union fears bankruptcy risk despite $5B help from U.S. parent
(DBN)

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Banking:

Here's why banks don't want the CFPB to disappear
(DBN)

The Trump Organization’s Shake Down of Capital One
(DBN)

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Climate:

Hurricanes are shifting south. Here’s why that’s a serious problem
(DBN)

Study says climate change will even make Earth’s orbit a mess
(DBN)

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Education:

Protests erupt after Palestinian activist taken by ICE; Trump says arrest is first of many Protesters demand release of Mahmoud Khalil after his arrest by ICE Mahmoud Khalil, Columbia University anti-Israel agitator detained by ICE for deportation, claims feds acted ‘unlawfully’ as he makes bid for release Judge blocks anti-Israel Columbia agitator Mahmoud Khalil from deportation as politicians come to his defense
(DBN)

Universities impose hiring freezes in face of uncertainty over federal funding Harvard Freezes Hiring as Trump Threatens to Pull Funding
(DBN)

Colleges Have No Idea How to Comply With Trump’s Orders
(DBN)

OK: Schools Scores Bad, Let's Change the Scoring
(DBN)

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Trucking:

EG takes $33mn hit on teetering hydrogen truck start-up
(DBN)

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Politics:

America is turning on Trump Inside Trump's ruthless 'plot' to sabotage Ron DeSantis by painting him as 'weird' Donald Trump’s Empty Promises Are Catching Up to Him
(DBN)

Trump administration scraps over 80% of USAID programs, top diplomat Rubio says Secretary of State Rubio says purge of USAID programs complete, with 83% of agency’s programs gone
(DBN)

Greenland holds parliamentary election amid renewed US interest
(DBN)

Deleted tweets show top State Department official spread false rumor about Rubio’s sexuality, called him ‘low IQ’ Top State Department Official Spread False Rumor Marco Rubio Is Gay: ‘What Happens in the Cabana Stays in the Cabana’
(DBN)

Meet the Donald Dashers: How the rich and famous are fleeing the US in horror at President Trump
(DBN)

Musk Says Entitlements ‘Big One’ to Cut in Trump’s DOGE Push Musk eyes Social Security and benefit programs for cuts while claiming widespread fraud Musk Taps Private Equity Veterans to Aid DOGE at Social Security DOGE’s Plans to Replace Humans With AI Are Already Under Way Nationwide Tesla Protests Against Elon Musk Are Escalating DOGE chief Musk says he’s running his businesses ‘with great difficulty,’ as Tesla shares tank With the stock cut in half, Tesla investors want their CEO back Turmoil within DOGE spills into public view as Musk’s group confronts a PR crisis Former Social Security official describes hostile takeover by Musk team NASA begins its DOGE restructuring by firing workers and announcing 3 departments will be shut down DOGE mischaracterizes a study as transgender, and USDA cancels it Musk and DOGE try to slash government by cutting out those who answer to voters
(DBN)

Donald Trump Jr. Has Big Plans for Monetizing MAGA
(DBN)

New Jersey city declared 'capital of Palestine' by mayor in fiery speech
(DBN)

What Do ‘The Exorcist’ And The MAGA Movement Have In Common?
(DBN)

Senate confirms Lori Chavez-DeRemer as labor secretary in bipartisan vote
(DBN)

Greenland leader says Trump's threats "mean you don't want to get as close" to the U.S. Greenland in a love triangle between the U.S., Denmark and independence as election takes place
(DBN)

The dark parallels between 1920s America and today’s political climate
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (36 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Sales:

Recent ruling provides guidance on 363 asset sales
(DBN)

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Mass Torts:

Brown Rudnick Credited by US Trustee for Resolving Tehum’s Texas Two-Step Bankruptcy
(DBN)

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Involuntary Bankruptcy:

Involuntary Bankruptcy: Often Discussed, Infrequently Used
(DBN)

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Exculpation:

Independent Directors Properly Exculpated as Debtors’ Disinterested Fiduciaries Under Chapter 11 Plan, Southern District of Texas Bankruptcy Court Rules
(DBN)

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Corporate Governance:

Musk-Linked Corporate Law Rewrite Would Stymie Investor Scrutiny
(DBN)

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Liability Management:

American Tire: Rubber Hits the Road in Non-Ratable Chapter 11 Liability Management Transaction
(DBN)

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Cross-Border:

Liability Shields Gain Ground in International Bankruptcy Cases
(DBN)

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Aviation:

Delta Says Economic Worries Are Hurting Travel Demand
(DBN)

Texas man accused of violent assault on American Airlines flight from Wichita to D.C. referenced Trump to FBI
(DBN)

Southwest Airlines will charge to check bags for the first time, launch basic economy tickets
(DBN)

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Autos:

Ford to inject up to $4.8 billion into cash-strapped German business
(DBN)

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Healthcare:

Crozer Health’s Delaware County hospitals got a reprieve, but officials are mum on details
(DBN)

In Rural Texas, a Measles Outbreak Hasn’t Swayed Vaccine Skeptics Kennedy Links Measles Outbreak to Poor Diet and Health, Citing Fringe Theories
(DBN)

RFK says most vaccine advisers have conflicts of interest. A report shows they don't
(DBN)

The Diseases Are Coming
(DBN)

More hospitals are treating patients at home to reduce overcrowding
(DBN)

Can Anything Stop Bird Flu?
(DBN)

Trump Administration Plans to Limit Obamacare Enrollment Period
(DBN)

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Crypto:

Bitcoin Sinks to a Four-Month Low Amid Concerns Over US Economy
(DBN)

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Solar Energy:

Sunnova Energy Stock Gains As CEO William Berger Resigns Days After Going-Concern Warning
(DBN)

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Media:

Washington Post columnist quits after her opinion piece criticizing owner Jeff Bezos is rejected
(DBN)

Media Outlets Suffer Blow From MAGA
(DBN)

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Food/Beverage:

US Restaurants Saw Productivity Jump After Covid on Takeout Boom
(DBN)

RFK Jr. Pressed by Farm and Food Groups to Use ‘Sound’ Science
(DBN)

How Beyond Meat and the plant-based meat industry lost their allure
(DBN)

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Batteries:

Northvolt shareholder Scania gets additional battery cell supply
(DBN)

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EU:

Europe Wonders if Trump Can Be Trusted With Intelligence
(DBN)

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Canada:

Canada's Hudson's Bay has survived 355 years. Now the store is in crisis Hudson’s Bay Co. cites Trump tariffs in bankruptcy filing 'Out of money': Precarious state of Hudson's Bay made clear in creditor protection
(DBN)

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MENA:

Israel's halt to food and aid deliveries worsens Gaza conditions
(DBN)

72.5% of Israelis believe Netanyahu should take responsibility for Oct. 7 and resign
(DBN)

Trump Envoy Further Inflames Israel’s Concerns About Direct Talks With Hamas
(DBN)

What is driving the bloodshed in Syria?
(DBN)

Trump Administration Prepared to Enforce Iran Oil Sanctions
(DBN)

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Russia:

Ukraine will propose a limited ceasefire during talks with the U.S. in Saudi Arabia, officials say
(DBN)

Talks begin between Ukraine and the United States in Saudi Arabia Ukraine Meeting Seeks to Clarify What’s Possible, Rubio Says
(DBN)

Western Officials Say Putin Knows His Ukraine Terms Won’t Be Met
(DBN)

Ukraine Targets Russia With Record Drone Wave as US Pushes Talks
(DBN)

Kremlin says hard road ahead to restore Russia-US relations, but there is political will
(DBN)

Ukraine Must Cede Territory in Any Peace Deal, Rubio Says
(DBN)

Senator Mark Kelly Urges Continued U.S. Support After Visiting Ukraine. Musk Calls Him a ‘Traitor’
(DBN)

Russian Yacht Valued at $300 Million Now Faces Forfeiture
(DBN)

The Tragic Success of Global Putinism
(DBN)

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India:

US legal troubles for tycoon Adani expose shortcomings in India’s booming solar sector
(DBN)

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China:

Chinese People Keep Comparing Trump's Authoritarianism to Mao and Xi Jinping
(DBN)

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Japan:

Japan's tightening job market pushes more firms under, survey shows
(DBN)

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