March 12, 2025

The Daily Bankruptcy News

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Law:

The chilling effect of Trump’s war against the legal establishment Biglaw Backlash May Be Just The Start Of Trump Seeking ‘Retribution’ Against His Perceived Political Enemies Legal Warfare: Perkins Coie Lawyers Up To Do Battle Against Trump’s Executive Order Perkins Coie Drags Trump Administration Clear To Hell In New Lawsuit Perkins Coie Sues Trump Administration Over Executive Order Perkins Coie Hires Williams & Connolly Lawyers to Fight Trump
(DBN)

Top 100 Biglaw Firm Creates Income Partnership Tier To ‘Increase Opportunities’ For Lawyers
(DBN)

With $7 Billion In Revenue, This Biglaw Firm Had A Banger 2024 Latham Hits $7 Billion Revenue Mark, Outpacing Big Law Growth
(DBN)

Kirkland's Blackstone Connections Pay Off in Big Haul
(DBN)

Kirkland M&A Star Schiele Bolts in 'Elite' Bid for Paul Hastings
(DBN)

IBM's new legal chief earns nearly $10 Million in first six months
(DBN)

SCOTUSblog founder Goldstein had connection to cryptocurrency wallet hosting $100M in transfers, US alleges Goldstein Seeks Grand Jury Material Related to Obstruction Claim
(DBN)

The California Bar Owes Test Takers More Than a Free Retake
(DBN)

Lawyers That Won 'Worthless' Proxy Concessions Must Give Up Fees
(DBN)

Law Firm Loan Deals Anger Businesses Searching for Missing Money
(DBN)

Diddy’s Lawyer Accuses Opposing Counsel Of Depravity
(DBN)

Interim DC US Attorney Earns First Professional Misconduct Complaint On The New Job
(DBN)

Fears mount over Kash Patel’s use of FBI to persecute leftwing protest groups
(DBN)

Texas commits to NextGen bar exam starting in 2028, NCBE says
(DBN)

Trump is shredding the First Amendment under the guise of “national security”
(DBN)

US added to human rights watchlist over Trump moves
(DBN)

USAID Official Orders Staff to Destroy Classified Documents Trump admin shredding USAID docs with 'essential' info for rehiring fired workers: Unions USAID official tells remaining staffers: Shred and burn all your documents
(DBN)

Trump FTC tells CEOs when agency will "get the hell out of the way" on M&A
(DBN)

Florida judge denies Pulitzer Board’s bid to stay defamation lawsuit from Trump
(DBN)

Slim majority of voters support keeping ICE off school grounds ICE Isn’t Delivering the Mass Deportation Trump Wants Pro-immigrant archbishop takes over D.C. church amid Trump crackdown Trump administration weighs barring Cubans, Haitians from U.S. as part of new travel ban
(DBN)

Speaker Mike Johnson and Republicans are at odds over January 6 investigation
(DBN)

Trump administration eyes cuts to Justice Department public corruption unit, people familiar say
(DBN)

Fired Starbucks Manager Claims LGBTQ+ Coworkers Harassed Him for Being Straight
(DBN)

Man strangled childhood friend at 21st birthday party he planned for her at Airbnb
(DBN)

A 4-year-old’s mom ate his ice cream. He called the cops
(DBN)

Girl forced to walk to school along busy highway in dark because dad wouldn't drive: Cops
(DBN)

Festival attendee bit chunk out of deputy's scalp exposing his skull
(DBN)

Supreme Court saves family’s fight to recover art looted by Nazis
(DBN)

Embalmer Busted For Funeral Home Horror
(DBN)

Reality Star’s Wife Allegedly Hired Hitman to Kill Husband
(DBN)

Alex Jones Wastes No Time Blaming Multiple Enemies for Infowars Star’s Murder
(DBN)

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Judges:

Should Courts Use ChatGPT? In This Appellate Opinion, Both The Majority And Dissenting Opinions Did
(DBN)

US Judges Speak Out Against Republican Impeachment Push 'Doing their level best': Judges decry impeachment of jurists seen as going against Trump
(DBN)

Amy Coney Barrett: The GOP’s Supreme Court lifeline turned Maga enemy No1
(DBN)

Judge orders urgent release of DOGE records, citing ‘unprecedented’ power and ‘unusual secrecy’
(DBN)

Trump Avoids Worst-Case Ruling in Lawsuit Over USAID Defunding
(DBN)

Foreign-aid pause likely unconstitutional, federal judge rules in ABA case
(DBN)

Federal judge won’t cancel hearing where key Trump administration official is expected to testify about probationary firings
(DBN)

Judge tells Trump DOJ to produce OPM head in mass firings case or face his legal wrath
(DBN)

Judge Reprimands Trump Admin for Power Play on USAID
(DBN)

Judge says Congress holds Constitutional power on foreign aid spending, not president
(DBN)

Trump's decision to 'unlawfully impound funds' for USAID was unconstitutional, judge rules
(DBN)

Trump blocked from enforcing birthright citizenship executive order — for now
(DBN)

Seeing double standard, 5th Circuit judge resigns from judicial group over threats statement Judge James Ho Big Mad Over Statement On Judicial Safety
(DBN)

New Judicial Security Program Helps Over 2,000 Judges, Relatives
(DBN)

Judge says no Trump-pardon treatment for Jan. 6 rioter's FBI 'assassination missions'
(DBN)

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Wall Street:

Stock futures rise as key consumer inflation report looms
(DBN)

Wall Street 's sell-off spirals, briefly sending the US stock market 10% below its record Stocks drop as investors say market is ‘sick and tired’ of Trump’s tariff chaos The stock market plunge shows Trump’s disruption can’t be contained
(DBN)

Wall Street Left Dazed and Confused as Trump Jolts Markets Again
(DBN)

Ominous market signals show more trouble could await US stocks
(DBN)

Hong Kong’s Stock Market Booms With Wall Street in Turmoil
(DBN)

This 94-year-old stock market legend saw the Trump slump coming
(DBN)

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Layoffs:

Staff shortages halt some federal weather balloon launches amid Trump cuts
(DBN)

Trump administration eyes 30 percent payroll reduction at National Park Service
(DBN)

US Education Department to cut half its staff as Trump eyes shutdown Education secretary: Mass layoffs first step toward total shutdown
(DBN)

Fired special counsel says he was preparing push to return all fired probationary employees to their job
(DBN)

Republicans join bill to protect workers after DOGE firings
(DBN)

HHS Increases Buyout Offer, With Some Workers Offered Paid Leave
(DBN)

Trump administration slashes division in charge of 26,000 U.S. artworks
(DBN)

New York fires more than 2,000 prison guards for failing to return to work after a weekslong wildcat strike
(DBN)

Bank of America cuts 150 junior jobs in investment banking, sources say
(DBN)

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Politics:

USDA halts more than $1B in funding for local food banks, schools
(DBN)

Fox’s Peter Doocy Roasts Trump With Brutal Wisecrack At Briefing Over Cratering Stock Market
(DBN)

Power, Money, Territory: How Trump Shook the World in 50 Days
(DBN)

Kissinger: Dangerous to be America's Enemy. Fatal to be a Friend
(DBN)

Meet the Trump Voters Downplaying Hits to Their 401(k)s
(DBN)

How Americans May Feel the Slashing of USAID
(DBN)

How the Navy SEALs Conquered Congress — And Became the Shock Troops of the MAGA Revolution
(DBN)

Philadelphia Eagles officially accept invitation to visit White House to celebrate Super Bowl LIX victory
(DBN)

DOGE’s efforts to dismantle consumer finance agency have slowed, official testifies Education Department to Cut Half of Workforce in DOGE Push Musk Plots Major Expansion of His Cost-Cutting DOGE Army Navy Vet Senator Fires Back at Musk’s ‘Traitor’ Insult Fed Staff Met With Treasury’s DOGE Team in January, Filing Shows Elon Musk’s self-destruction
(DBN)

US unable to stand up to Trump, says French senator after viral 'Nero' speech
(DBN)

Veteran senator shares what GOP colleagues did after Musk called him a ‘traitor’
(DBN)

MAGA Slaps Back at Trump After He Attacks Their House Hero
(DBN)

Greenland’s center-right opposition wins closely watched election dominated by Trump’s annexation threat Greenland's independence gradualists win election amid Trump control pledge Greenlanders Elect Party That Pushed Hard Against Trump Takeover - WSJ
(DBN)

US House hearing cut short after misgendering of Rep. McBride
(DBN)

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Autos:

Struggling Japanese automaker Nissan replaces CEO
(DBN)

Trump Says That Attacks on Tesla Stores Are Domestic Terrorism
(DBN)

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Economy:

Small business uncertainty about the economy spikes to the second-highest level since 1973 US Small-Business Optimism Retreats as More Shift to Price Hikes
(DBN)

Hiring Plans Fall to Weakest Since Covid in S&P Global Survey
(DBN)

CPI Preview
(DBN)

Ray Dalio warns that mounting U.S. debt problems could lead to ‘shocking developments’
(DBN)

Fox Host Slams White House for Not Returning Calls About Spiraling Economy
(DBN)

Maybe Don’t Invite a Recession In
(DBN)

Consumers Keep Bailing Out the Economy. Now They Might Be Maxed Out - WSJ
(DBN)

Trump Cabinet Member Has Baffling Explanation for Surging Egg Prices Egg Prices Plummet Egg Prices Risk Donald Trump's Downfall: Mike Pence Group Trump: Shut Up About Egg Prices
(DBN)

Airlines, Retailers Offer Bleak Outlook for Consumer Demand
(DBN)

US Job Openings and Quits Rise in Sign of Resilient Labor Market
(DBN)

BLS: Job Openings Increased to 7.7 million in January
(DBN)

Larry Summers: ‘Real possibility’ of recession Summers Sees Near 50-50 Chance of a Recession This Year
(DBN)

Slowdown or recession? It’s still not clear, and that’s what’s got the market on edge
(DBN)

Will there be a recession in 2025? It's up to Trump, economists say.
(DBN)

Lutnick says Trump tariffs ‘worth it’ even if they lead to recession
(DBN)

J.P. Morgan economist sees 40% US recession chance and risks to 'exorbitant privilege'
(DBN)

CNN Poll Americans are negative on Trump’s handling of economy
(DBN)

Is the U.S. economy headed toward a recession? Here’s what to look for.
(DBN)

Jim Cramer Says Trump ‘Manufacturing’ a Recession
(DBN)

US Bonds Rose as Recession Angst Fuels Haven Demand
(DBN)

How the US economy went from booming to a recession scare in only 20 days
(DBN)

Trump’s approval dips amid concerns over economy: Poll
(DBN)

Trump imposes sweeping 25% tariffs on all steel and aluminum imported into the US Ray Dalio Cites 1930s Germany to Assess Unfolding Trade War China says it will take all steps to guard its interests after latest Trump tariffs China Says US Owes ‘Big Thank You’ on Fentanyl, Calls for Talks Trump metals tariffs kick in, sparking quick retaliation by EU EU to impose counter tariffs on $28 billion in US goods French minister says EU can go further in its response to U.S. tariffs South Korean steelmakers eye U.S. production, higher-value products as Trump tariffs kick in India's steel secretary says industry does not expect major impact of US tariffs What Trump actually wants from tariffs Ontario premier threatens to ‘shut off electricity completely’ for US if trade war escalates ‘What President Trump Is Doing Is Insane’: Exasperated CNBC Host Loses It Over Trade War With Canada Ontario slaps electricity tariffs on New York, Minnesota, Michigan Trump to increase steel and aluminum tariffs on Canada in response to electricity surcharge Trump Fires Back at Canada, Escalates Trade War with Fresh Round of Tariffs After Trump threatens new tariffs on Canada, officials agree to renegotiate USMCA Trump Blasts His Own Trade Deal With Canada: ‘Who Made These Decisions?’ Canada’s Carney Will Keep Tariffs Until US Commits to Free Trade Dow drops nearly 600 points as Trump escalates trade war with Canada Trump Reconsiders Tariff Hike After Ontario Halts Energy Charge Trump on Canadian electricity surcharge: ‘We’ll just get it all back on April 2’ Doug Ford on additional Trump tariffs: Canadians will ‘not back down’ House Republicans move to block vote on Trump’s tariffs Democrats offer short-term alternative to House GOP spending patch Trump’s hardline trade agenda spooks markets and allies House Republicans Block Potential Challenges to Trump Tariffs UK Pushes for Last-Minute Exemption From Trump Steel Tariffs From Baseball Bats to Caskets, Trump Tariffs Set to Hit Home EU Tax Chief Disputes Trump’s Claim That VAT Is a Trade Barrier A Great Way to Get Americans to Eat Worse Australia will not impose reciprocal tariffs on U.S. - Albanese Trump Rules Out Australian Steel, Aluminum Tariff Exemptions Norway Steps Up Bid to Pass EU Laws to Win Tariffs Exemption
(DBN)

Money is fleeing the US to Europe
(DBN)

Johnson says 'we'll have the votes' on key GOP spending bill as shutdown looms Senate Democrats leery of blocking GOP bill fear shutdown politics have changed House Democrats push to sink GOP spending bill but Senate Dems act coy Speaker Johnson looks to jam Senate Democrats with bill to avert shutdown Vance tells House GOP they’ll take the blame if it comes to a shutdown What we know about the House GOP government funding bill House narrowly passes six-month funding bill as shutdown deadline nears Senate Democrats appear ready to back down in government shutdown fight
(DBN)

White House says Trump won’t cut Social Security, Medicare after Musk remarks Trump, Musk fuel fears of Social Security cuts with ‘fraud’ talk
(DBN)

Fox News’ Peter Doocy Calls Out Trump as Retirement Accounts ‘Throttled’
(DBN)

Senate Republicans push Trump for debt ceiling plan
(DBN)

House Republicans huddle with Bessent on tax policy menu Tariff Worry on Wall Street Pressures Trump to Speed Up Tax Cuts
(DBN)

Curbing DEI Excesses by Limiting Free Speech Is Shortsighted Trump DEI Purge Hits Affordable Housing Groups Trump's anti-diversity and immigration stance overshadows SXSW festival Companies should resist political pressures and stick to ESG, DEI commitments: Incoming DBS CEO
(DBN)

States Get Up to Half Their Revenue from Feds
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
(DBN)

2nd Look at Local Housing Markets in February
(DBN)

What a Recession Would Mean for the Housing Market in 2025
(DBN)

The US is short nearly 4 million homes
(DBN)

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Municipalities:

DC mayor treads carefully as Trump and Hill GOP threaten capital city’s budget, autonomy
(DBN)

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Oil/Gas:

Oil CEOs Back Trump’s Energy Agenda as Crude Hits Fresh Low
(DBN)

Oil up on weak dollar but tariff concerns cap gains
(DBN)

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Defaults:

Growing fears of corporate defaults hit US credit markets
(DBN)

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Education:

Department of Education investigating 60 colleges and universities over antisemitism claims Anti-Semitism Is Just a Pretext
(DBN)

Ann Coulter questions arrest of Columbia protester on free speech grounds Trump's arrest of Columbia student marks new turn in immigration crackdown debate Who is Mahmoud Khalil? Palestinian activist detained by ICE over Columbia University protests Judge temporarily blocks effort to deport Palestinian activist who helped lead Columbia student protests The arrest of a pro-Palestinian immigrant should worry every American White House claims Columbia is blocking hunt for "pro-Hamas" protesters Mahmoud Khalil’s Detention Is a Trial Run How NYC's Mayoral Candidates Are Reacting to Mahmoud Khalil Detention Judge to hold hearing over Columbia student protester's challenge to arrest
(DBN)

Penn Freezes Hiring, Reviews Spending After Trump Funding Threat
(DBN)

Department of Education offices to temporarily close for ‘security reasons’ with Trump’s plan to dismantle agency looming
(DBN)

Texas Bill to Require Ten Commandments Be Displayed in Classrooms
(DBN)

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Climate:

Bankers Climate Alliance Prepares Vote on Ditching 1.5C Goal
(DBN)

Cities face 'whiplash' of floods, droughts as temperatures rise, study warns
(DBN)

EPA Terminates $20 Billion in Grants for Climate Projects
(DBN)

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Batteries:

Europe’s great battery hope Northvolt files for bankruptcy in Sweden Swedish battery maker Northvolt files for bankruptcy in Sweden as cash runs out Statement from Northvolt North America on the Bankruptcy of Northvolt AB European EV Hopes Dim as Northvolt Declares Bankruptcy: A Shockwave Across the Automotive Landscape
(DBN)

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Private Credit:

Codependent Sponsors, Lenders May Have More Defaults, Fitch Says
(DBN)

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Broadcasting:

Scripps reaches deal with creditors to refinance certain debt
(DBN)

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Steel:

A Global Steel War Heats Up With Trump’s Latest Tariff Move
(DBN)

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Investment Companies:

GWG bankruptcy settlement leaves investors with next to nothing
(DBN)

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Autos:

One of the Biggest Victims of Trump’s Metals Tariffs: The Ford F-150
(DBN)

Trump calls Tesla boycott ‘illegal’
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

UST:

DOJ Bankruptcy Head's Firing Unleashes Politics in Debt World Trump's Justice Department shakeup hits bankruptcy watchdog
(DBN)

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Mass Torts:

Bankruptcy Court Listens to Survivors of Abuse
(DBN)

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Aviation:

NTSB urges ban on some helicopter flights at Washington airport where 67 people died Terrifying Toll of Near Misses Before D.C. Plane Crash That Killed 67
(DBN)

Passenger Swallows Rosary Beads and Attacks Flight Crew in Demonic Frenzy
(DBN)

Fear of flying is pushing ticket sales down in the wake of multiple crashes, airlines say
(DBN)

Delta Slides After Profit Forecast Cut on Weaker Travel Demand
(DBN)

4 Major U.S. Airlines Just Cut Their Forecasts—Citing Dip In Consumer Confidence And Economic Uncertainty
(DBN)

Southwest is getting rid of its most recognizable perk An Open Letter to the Traitors Who Ruined Southwest Airlines
(DBN)

Boeing’s Jet Deliveries Top Airbus for Second Straight Month
(DBN)

Air India flight from Chicago to New Delhi returns hours into journey after rags, clothes and plastic bags clog toilets
(DBN)

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Student Debt:

Trump says Education Dept. shouldn’t handle student loans: ‘Not their business’
(DBN)

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Religion:

Church asks court to dismiss lawsuit over money-back guarantee on tithes
(DBN)

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Healthcare:

Prospect Medical’s Pennsylvania Hospitals at Risk of Closure
(DBN)

‘New Developments’ in Steward Bankruptcy Affect Trumbull Hospitals
(DBN)

Potential Medicaid Cuts Could Threaten Not-for-Profit Hospital Margins
(DBN)

Texas Reports 25 New Measles Cases, Bringing State Total to 223 Measles cases in Texas, New Mexico rise by 28 in five days as outbreak spreads His Daughter Was America’s First Measles Death in a Decade NY and CA report new cases RFK's Measles Cure Nonsense
(DBN)

Trump is running from his biggest health care success
(DBN)

Trump proposes cutting ACA enrollment period, ending ‘Dreamer’ coverage
(DBN)

'Getting scary': US aid cuts undermine global fight against TB
(DBN)

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Retailing:

Kohl’s, Dick’s Add to Retail Worries With Weak Outlooks
(DBN)

Walgreens To Be Acquired By Sycamore Partners: Where Did The Retail Giant Go Wrong?
(DBN)

Walmart Faces Heat From Beijing After Demand for Price Cuts From Suppliers
(DBN)

____________

Food/Beverage:

RFK Jr. wants to eliminate FDA’s controversial food additive program. Here’s why that matters RFK Jr. Gives Food Companies Ultimatum to Remove Artificial Dyes
(DBN)

Girl Scouts Sued Over Alleged Heavy Metals And Pesticides In Popular Cookies
(DBN)

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Non-Profits:

Billionaire Donors Weigh Priorities as Trump Wipes Out USAID
(DBN)

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Tech:

Musk blames Ukrainians for cyberattack on X. Experts aren’t convinced.
(DBN)

Tired of subway delays? The MTA wants to fix that by strapping Google smartphones to New York trains
(DBN)

Trump’s Net Worth Slides $300 Million As Trump Media Shares Hit 5-Month Low
(DBN)

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Agribusiness:

‘Tariffs break trust’: How Trump’s trade policy is putting pressure on U.S. farmers
(DBN)

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Sovereigns:

Ghana scraps IMF-linked 'nuisance' taxes
(DBN)

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UK:

Thames Water’s Rescue Loan Faces UK Court of Appeal Challenge
(DBN)

UK insolvency activity surges while business start-ups stall
(DBN)

East Midlands economy continues to toughen with hike in demand for insolvency advice
(DBN)

The ongoing risk of insolvency in construction projects and appropriate mitigation techniques
(DBN)

UK will not respond to US steel tariffs, British official says
(DBN)

____________

EU:

EU foreign affairs chief slams rise of the 'rule of force'
(DBN)

EU Targets €26 Billion of US Products in Tariff Retaliation On the EU’s tariff hit list: American chicken wings, motorbikes and … women’s négligées? EU wields ‘sledgehammer’ against Trump tariffs Slaps tariffs on produce from Republican states
(DBN)

Europe’s Economic Decoupling From America Is Underway
(DBN)

____________

Canada:

55 Things to Know About Canada’s Next Prime Minister, Mark Carney Why Canada’s Liberal Party Picked Mark Carney to Replace Justin Trudeau
(DBN)

Canadian Road Trippers Boycotting U.S. Could Mean A $4 Billion Economic Loss
(DBN)

Trump to Require Some Canadian Visitors to Be Fingerprinted
(DBN)

World Facing Trump’s Tariffs Watches Canada Test Ways of Fighting Back
(DBN)

____________

Russia:

Ukraine Accepts US-Brokered Ceasefire Plan in Exchange for Aid Poland confirms supplies of US arms to Ukraine have resumed US will ‘immediately lift’ pause on intel sharing and military aid to Ukraine after meeting in Jeddah Trump said Russia had ‘all the cards,’ but this ceasefire proposal just called Putin’s bluff US Accord on a Ceasefire Proposal Puts Onus on Putin Putin will now be at his most devious Russia skeptical of US 30-day Ukraine ceasefire idea, sources say Talks between Ukraine and the United States aimed at finding a negotiated breakthrough in the war with Russia are still going, eight hours after they started, a US official said Trump Invites Zelensky Back to White House as Ukraine Agrees to Ceasefire Deal Trump envoy plans meeting with Putin in Moscow after U.S.-Ukriane summit in Saudi Arabia Trump’s ‘reverse Nixon’ charade insults our intelligence
(DBN)

Russian gains in Kursk threaten vital leverage for Kyiv
(DBN)

Ukraine fires largest drone barrage at Russia
(DBN)

Sen. Mark Kelly brings back horror stories from Ukraine
(DBN)

Russian court orders seizure of U.S.-owned Glavprodukt assets
(DBN)

____________

MENA:

Israel’s pivot to the right brings unprecedented crackdown on freedom of speech
(DBN)

Houthis Vow to Resume Attacks on Israeli Ships Over Gaza Aid
(DBN)

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China:

China unveils big plan to fix its ailing economy and transform into a high-tech power
(DBN)

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Philippines:

Former Philippine President Duterte forced onto plane to The Hague after ICC arrest, his daughter says Tearful families of Philippine drug war victims welcome Duterte arrest Plane carrying Philippine ex-President Duterte to ICC heads to Rotterdam, source says Philippine ex-President Duterte to face murder charges at ICC for drug war killings
(DBN)

____________

Indonesia:

Indonesian TikToker jailed for blasphemy for telling Jesus to get a haircut
(DBN)

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Brazil:

Brazil's Americanas starts arbitration against former executives for alleged fraud
(DBN)

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Ireland:

Adragh debt restructuring could see billionaire Paul Coulson give up part of business
(DBN)

____________

India:

EY manipulated edtech firm BYJU's CIRP process, claims whistleblower
(DBN)

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