March 20, 2025

The Daily Bankruptcy News

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Law:

Major law firms are struggling to respond to Trump's attacks Which Biglaw Firms Could Be The Next To Face Trump’s Wrath? ‘There’s A Lot Of Fear In Biglaw Right Now’: How Trump Is Upending The Legal Elites Big Law Firms Face Pressure from Clients to Address Political Stances on Executive Actions
(DBN)

Bradley Bolsters Houston Office with Group of Bankruptcy and Corporate Attorneys
(DBN)

Fried Frank Achieves Record Revenue and $5M in Profits Per Partner Amid Market Challenges
(DBN)

O’Melveny & Myers Hits Record $1 Billion Revenue Amid Rising Partner Profits
(DBN)

Generative artificial intelligence is supercharging legal analytics
(DBN)

St. Thomas College of Law falls out of compliance with ABA accreditation standard focused on financial resources
(DBN)

St. John’s Helps Students Get A Jump On The Law With Peer-To-Peer Learning
(DBN)

How thinking like an athlete can make you a better lawyer
(DBN)

Jury finds Greenpeace liable for hundreds of millions in relation to pipeline protest Greenpeace ordered to pay $660M to oil company by judge, prompting bankruptcy fears
(DBN)

Once-homeless University of Chicago law grad getting treatment, hopes to return to law practice
(DBN)

ICE defends arrest of high-profile undocumented mother of 4 as outraged supporters rally for her release
(DBN)

‘60 Minutes’ is unflinching in its White House coverage in the shadow of Trump’s $20B lawsuit
(DBN)

Trump’s pardons spark fresh fights over abortion clinic safety
(DBN)

Trump Administration Planning Military Buffer Zone Along Mexico Border To Hold Migrants, Report Says Map Shows Where in US Trump Admin Could Have Military Take Control: Report US Labor Board Drops Case Over Prison Company’s Treatment of Detained Immigrants ICE Reveals How Many Deportations Have Been Carried Out Under Trump IRS Actively Discussing Sharing Taxpayer Info With Immigration Enforcement
(DBN)

Scientist Banned From Entering US Over Opinions About Trump—Minister
(DBN)

The crucial JFK file that was not released and still remains secret Joe Biden Named in JFK Files: What to Know CIA 'Responsible' for JFK Assassination, Agent Says in Released Files Lee Harvey Oswald Was 'Poor Shot,' JFK Files Release Reveals 10 Big Revelations in JFK Files
(DBN)

Inmate executed with nitrogen gas after Supreme Court declines to intervene, with 4 dissents
(DBN)

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Judges:

Hill Republicans already hated the ‘idiotic’ call to impeach judges. Then Trump jumped in.
(DBN)

Trump fuels growing GOP fight over impeaching judges
(DBN)

'Feels like I should clear that up': Karoline Leavitt silenced as reporter schools her Judge targeted by Trump for impeachment is a bipartisan appointee with a long career
(DBN)

Trump Call for Impeaching Judges Fuels Showdown With Courts
(DBN)

Judges Fear for Their Safety on MAGA Threats
(DBN)

These Are the Federal Judges Thwarting Donald Trump
(DBN)

Constitutional law professor analyzes Trump’s clash with the judiciary
(DBN)

Trump allies have threatened to impeach judges: Here's how Congress would do it
(DBN)

Supreme Court seems in no hurry to rule on Trump plea to rein in judges over birthright citizenship
(DBN)

How Trump is picking 'battle-tested' new judges
(DBN)

Trump’s ‘Demeaning’ Transgender Troop Ban Blocked by Judge
(DBN)

Chief Justice Roberts' rebuke of Trump's impeachment call sets up an upcoming clash Ret. Justice Breyer backs Chief Justice Robert’s rebuke of Trump Donald Trump Crossed Justice John Roberts' 'Red Lines': Attorney Donald Trump Responds to Surprise Rebuke From Justice John Roberts
(DBN)

DOJ Plays Tractor Chicken With Federal Judge Over Venezuelan Deportations Judge warns of possible 'consequences' after DOJ pushback on questions about deportation flights White House escalates attacks on judge in deportation case: ‘Egregious abuse of the bench’ Venezuelan deportation judge "beating a dead horse," DOJ says in scathing reply Judge gives Trump administration 1 more day to turn over deportation flight info Trump administration chastises judge for making deportation flight case ‘a picayune dispute’ Legal Analyst 'Stunned' Amid Trump DOJ's Move Over Migrant Flights Trump Voter Asks for Donations for Wife's Bond After She's Detained by ICE
(DBN)

Gutfeld rips Roberts: ‘Shut the F up’
(DBN)

Conservative former federal judge says Trump has ‘declared war’ on US rule of law
(DBN)

Josh Hawley Wants to Change Judges' Power as He Pushes to Help Donald Trump
(DBN)

Elon Musk’s DOGE leadership likely violates Constitution’s appointments clause, judge says
(DBN)

Trump Administration Fights Order to Turn Over DOGE Records
(DBN)

‘Glassdoor For Judges’ Prepares To Celebrate 1-Year Anniversary Of Upending The Clerkship System
(DBN)

War Crimes Court Says Trump Sanctions Put Its Existence at Risk
(DBN)

Nondelegation: A new Supreme Court case seeks to revive one of the most dangerous ideas from the Great Depression
(DBN)

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Wall Street:

US stock futures slip after Fed holds rates; jobless claims, earnings due
(DBN)

Powell Reassures on Economy and Beaten Stock Bulls Jump Back In
(DBN)

Markets get respite from ‘Trumpcession’ fears as Federal Reserve keeps two interest rate cuts on the table
(DBN)

Big Changes are Already Underway at the SEC
(DBN)

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Layoffs:

Poll: Federal workers are dissatisfied with Musk and Trump but won’t leave willingly
(DBN)

Trump administration ignores courts, continues dismantling National Park Service workforce
(DBN)

The drama isn't over for federal workers
(DBN)

Fired Workers Reinstated at NOAA
(DBN)

Emails reveal top government lawyer warned Trump admin it was committing 'fraud'
(DBN)

Workers Are Not ‘Waste’ And Firing Feds Definitely Will Not Lower Prices Or Reduce The Deficit
(DBN)

DHS Slashes Staff Leading Fight Against Domestic Extremism
(DBN)

164 new layoffs coming to Insight Trumbull
(DBN)

Oil Producer APA Cuts Up to 15% of Workers
(DBN)

Mattel to lay off 120 workers at El Segundo headquarters
(DBN)

Boston-based streaming company Brightcove to lay off 198 workers
(DBN)

Cargo lays off 90% of staff and stops development work
(DBN)

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Education:

Trump Set to Sign Executive Order to Dismantle Education Department
(DBN)

The DEI Catch-22
(DBN)

Trump administration targets UPenn over transgender athletes Trump Freezes $175 Million to Penn Over Transgender Athletes
(DBN)

University of California to Order Hiring Pause as It Braces for Funding Cuts University Of California Drops Diversity Statements From Hiring Process Amid Trump DEI Crackdown
(DBN)

Mahmoud Khalil's immigration case moves to New Jersey from New York Khalil Deportation: Judge Rules for New Venue as He Releases Jail Letter Mahmoud Khalil's Letter from Detention in Full
(DBN)

Georgetown University graduate student detained by immigration authorities
(DBN)

Columbia University signals it will comply with Trump administration's demands
(DBN)

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Student Debt:

Union sues Trump administration for halting student loan repayment plans
(DBN)

Student Loan Update as Trump Set to Order Department of Education Shutdown
(DBN)

Student Loan Borrowers See Payments Soar After Trump's Changes
(DBN)

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Food/Beverage:

After Chapter 11 bankruptcy popular coffee chain plans comeback
(DBN)

Sausalitos restaurant chain files for bankruptcy, seeks investors
(DBN)

The snacking recession: Why Americans are buying fewer treats
(DBN)

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Rail:

Amtrak CEO stepping down, weeks after Musk says the rail service should be privatized
(DBN)

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Cosmetics:

SBLA Beauty Files for Chapter 11 Bankruptcy
(DBN)

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Cannabis:

Cannabis vape maker Blinc Group files for bankruptcy
(DBN)

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Private Equity:

How to Value Distressed Assets in Private Equity: Key Considerations
(DBN)

Private Equity Firms Are Getting Rid of Their Equity
(DBN)

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Economy:

The Fed holds interest rates steady as Trump's trade agenda sparks uncertainty Fed keeps rates unchanged as Trump tariffs, economic concerns loom FOMC Statement: No Change to Fed Funds Rate; "Uncertainty Increased" Fed forecasts higher inflation, weaker GDP Fed policymakers project two rate cuts this year, some see fewer Fed keeps policy rate outlook intact amid projected growth slowdown, temporary inflation jump Feds says will slow balance sheet runoff process FOMC Projections: GDP Revised Down, Inflation Revised Up Powell Fuels Rare Rally in Both Stocks, Bonds With Soothing Tone
(DBN)

Why a clash between the Fed's Powell and Trump is increasingly inevitable Trump Says Fed Should Cut Rates as Tariff Push Heats Up ‘Do The Right Thing’: Trump Says Fed Must Cut Rates As Tariffs Go Into Effect Jerome Powell won’t be in a hurry to deliver further interest rate cuts and intends to remain on the sidelines until policy changes under Trump administration, Goldman Sachs chief economist says
(DBN)

Treasuries Surge as Easing Inflation Boosts Fed Rate-Cut Bets
(DBN)

Powell Revives ‘Transitory’ With Remarks on Tariff Inflation
(DBN)

Mark Zandi: ‘Recession risks are uncomfortably high and they’re rising’
(DBN)

Millennials choosing to be DINKs could push GDP down by as much as 4%
(DBN)

These states’ economies could be hit hardest by EU tariffs The Chicken Tax: How A 1960s Trade War Tariff Still Affects Your Truck Today Trump’s 200% Alcohol Tariff Threat Shocks European Drink Firms Trump Says India Won’t Avoid Being Hit by Tariffs on April 2 Trump Plans First India Office Tower Amid US Trade Talks How the Rest of the World Pays for Trump’s China Tariffs Trump’s tariffs program is based on flawed assumptions about the trade deficit Bentley’s super-rich customers could bear the brunt of Trump tariff costs, CEO warns Panicked CEOs are blowing up Trump's phone to 'talk him off the ledge': Ex-official Europe’s VAT Hurts the US? Retaliate With a VAT Trump Administration’s Tariff Policies Make Asset-Backed Finance Valuations Challenging for Private Credit Investors
(DBN)

Nvidia Plans Massive Outlay on US-Made Electronics
(DBN)

Investment Bankers Finally Start to Take Trump Literally
(DBN)

Social Security requiring in-office visits for millions of recipients, applicants These Are the Social Security Offices Expected to Close This Year
(DBN)

Proposed US port fees on China-built ships begins choking coal, agriculture exports
(DBN)

How Trump is putting the world's economic policy on hold
(DBN)

General Mills Adds to Weak Consumer Outlook With Forecast Cut
(DBN)

LA Ports: February Inbound Traffic Up YoY, Outbound Down
(DBN)

Americans under 30 are so miserable that the U.S. just fell to a historic low ranking in the annual World Happiness Report
(DBN)

Jamie Dimon on tariffs, geopolitics—and the misery facing the bottom 20% of U.S. earners
(DBN)

GOP budget plan would take from the poorest 40 percent and give it to the rich: Yale Illustrative Distributional Effects of Policies Consistent with the House Concurrent Budget Resolution for Fiscal Year 2025
(DBN)

Musk uses immigration and claims of voter fraud to sell Social Security Administration cuts
(DBN)

As retailers drop DEI, some Black customers drop them
(DBN)

FactCheck: During President Joe Biden’s four years in office, “31% of U.S. job growth” came from public-sector jobs.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

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

AIA: "Billings remain soft at architecture firms as interest in new projects wanes"
(DBN)

California Home Sales Up 2.6% YoY in February; 4th Look at Local Housing Markets California Housing Market Soars Back to Life
(DBN)

New home construction is stalling as homebuilder sentiment sours over Trump’s tariffs, economists say
(DBN)

Buying a house is expensive. Lumber tariffs will make it worse
(DBN)

Musk Ally Stanley Abruptly Resigns From Fannie Mae Board
(DBN)

Strip mall mogul sentenced in WeWork options scheme
(DBN)

A Baltimore developer’s private jet transfer has infuriated its creditors
(DBN)

____________

Municipalities:

America’s happiest city: Over 1,000 acres of parks, average temperatures in the 60s, and a bustling economy
(DBN)

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Oil/Gas:

Trump administration approves exports from major LNG project
(DBN)

Oil Executives Talk Permitting But Not Prices in Trump Meeting
(DBN)

Big Oil Shrugs at $50 Crude
(DBN)

TX: Abandoned Oil Wells a Growing Risk
(DBN)

American Oil Is Underhedged and Heavily Exposed
(DBN)

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Politics:

Trump's order to cut main street lending program earns GOP rebuke Bessent Resists DOGE Cuts That Put Low-Income Lending Program Under Fire
(DBN)

Donald Trump's Approval Rating Goes Negative in Another Poll Donald Trump's Approval Rating is Falling Faster With Men Than Women
(DBN)

'Heads will explode': GOP lawmakers frustrated at being 'hijacked' by Trump and Musk
(DBN)

How Donald Trump’s peacemaking ambitions unravelled
(DBN)

Donald Trump Shows Off All the Gold He's Brought Into White House
(DBN)

Trump wants to pave over Rose Garden's grass
(DBN)

DOGE enters Institute of Peace amid staff resistance
(DBN)

Leaked IRS Email Reveals Extreme Pressure: 'Overwhelming'
(DBN)

Bannon tells Cuomo Trump will run and win third term
(DBN)

Radio Free Europe sues Trump administration over funds termination
(DBN)

DOGE damage is just getting started, IT experts warn
(DBN)

The Trump right’s pro-Israel antisemitism
(DBN)

Ben & Jerry’s says its CEO was fired by parent company for the company’s political posts
(DBN)

Pentagon weighs major cuts to top of US military
(DBN)

House Democrat puts Schumer on notice: 'Get right' or get out Dems pile on Schumer as bashing goes mainstream Schumer faces growing House Dem calls to step down Democrat Says It May Be Time for 'New Leadership' Amid Schumer Backlash
(DBN)

With Orders, Investigations and Innuendo, Trump and G.O.P. Aim to Cripple the Left
(DBN)

Faced With Trump's Attacks, Public Figures Are Clapping Back Less and Less
(DBN)

House Democrats Ask DOGE For Staffer List, Ethics Policy
(DBN)

‘You are not fighting!’: Voters demand answers at Democratic lawmaker town hall
(DBN)

Here’s Who’s Vying to Lead Democrats
(DBN)

Here are all the ways people are disappearing from government websites
(DBN)

War-Torn Congo Has a Deal for Trump: Kick Out Rebels, Get Minerals - WSJ
(DBN)

Rubio Delegates DOGE Staffer to Oversee What’s Left of USAID
(DBN)

Trump Media Executives Launch New SPAC Seeking $179 Million—And Target Crypto, Defense Sectors
(DBN)

Trump signs order to shift disaster preparations from FEMA to state and local governments
(DBN)

Trump Wants Credit for That Too
(DBN)

Military Restores Navajo Code Talkers Story
(DBN)

Texas Mini-DOGE Dismissed as 'PR Exercise'
(DBN)

Republican Town Hall Drowned Out by 'Tax the Rich' Chants
(DBN)

'Boebert hasn't held a town hall': Angry voters yell concerns at 'cardboard Lauren' cutout
(DBN)

‘You are soulless!’ Police end congressman's town hall as irate constituents storm stage
(DBN)

Marjorie Taylor Greene's office flips out after being targeted by protesters
(DBN)

Denmark official reveals Trump’s possible blackmail plan to get Greenland
(DBN)

Trump's Radical Plans for the Kennedy Center
(DBN)

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Transit:

Trump Administration Threatens MTA Funding Over NYC Subway Crime
(DBN)

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Agribusiness:

Ex-CEO of Express Grain sentenced for fraud charges
(DBN)

Benson Hill discusses possibility of bankruptcy
(DBN)

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Retailing:

Convenience store chain closes all stores after bankruptcy
(DBN)

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Coal:

Corsa Coal’s bankruptcy asks: What’s worth more — coal or the machines that mine it?
(DBN)

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Nursing Homes:

$2.6 Billion Medicaid Funds Diverted From Indiana Care Homes: Report
(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 (16 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Arbitration:

Prominent Attorneys Criticized for Enforcing Arbitration They Publicly Oppose
(DBN)

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Mass Torts:

Purdue Pharma Has a New Plan to Settle Mass Opioid Lawsuits. Here’s What Happens Next.
(DBN)

Berkshire Hathaway Wants to Stiff Makeup-Poisoning Victims
(DBN)

End of an Era: Archdiocese of New Orleans to end print edition of The Clarion Herald
(DBN)

____________

Cross-Border:

Delaware Bankruptcy Court Recognizes Crédito Real’s Prepacked Plan, Including Nonconsensual Third-Party Releases Allowed Under Mexican Law
(DBN)

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Aviation:

US Readying Plan to Overhaul Air Traffic Control, Duffy Says
(DBN)

The Boeing Starliner astronauts have returned to Earth after nine long months stuck in space—but their $150,000 salary won’t come with overtime NASA Astronauts Only Get $5 on Top of Salary for Each Day Stuck in Space
(DBN)

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Autos:

Tesla’s Cybertruck has become the world’s most hated car – MAGA loves it Elon Musk says Tesla protestors are ‘deranged’ and want to kill him for his White House work Trump Admin 'Can't Wait' to Jail People Who Burn Teslas, Kevin O'Leary Says ‘Deeply concerned’: Crash victims’ families ask DOT not to water down Tesla oversight Hackers release names and addresses of every owner Scared Tesla owners are petitioning Elon Musk to add a feature that would warn off vandals as more cars are set on fire Violent attacks on Tesla dealerships spike as Musk takes prominent role in Trump White House Elon Musk Under Pressure From Tesla's Biggest Investors Elon Musk promotes negative Tesla survey turned positive by bots
(DBN)

The true genius of Elon Musk is his ‘subsidy harvesting strategy,’ political science professor says
(DBN)

Hyundai CEO Confident of US Strategy Amid Trump EV Uncertainty
(DBN)

____________

Entertainment:

Village Roadshow's Bankruptcy: Buyers Circle Over Library Assets That Generate $50M a Year
(DBN)

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Tech:

Elon Musk’s X reportedly bounces back to $44B valuation
(DBN)

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Climate:

Peruvian farmer takes Germany's RWE to court in landmark climate case
(DBN)

Biden LNG Study Shelved After Pollution Impacts Deemed Minor
(DBN)

Oil Titans Meet With Trump as US Unwinds Environmental Rules
(DBN)

US Stalls $2.6 Billion Climate Finance Package for South Africa
(DBN)

____________

Celebs:

Judge issues protective order in bankruptcy case of Deion Sanders' son Shilo
(DBN)

How Katie Price hopes to remake her millions after bankruptcy clearing
(DBN)

____________

Healthcare:

Plans to save Crozer Health system? in Pennsylvania are "pointing toward a good solution" after potential shutdown Negotiations to keep Crozer Health System hospitals open appears to be moving in right direction Local judge blocked the Foundation for Delaware County from giving more money to Crozer Health Crozer Health’s owner is negotiating a new sale to a nonprofit. Its fate could be known next week.
(DBN)

Rally planned for Friday aimed at lobbying to keep Rockledge Hospital open
(DBN)

Palomar Health's Fitch rating falls further into junk
(DBN)

Prospect moves forward with hospital sale plans, promises to include CT parties in auction process
(DBN)

Skyrocketing Medical Costs Spark Republican Pushback on Deals
(DBN)

____________

Trucking:

Yellow’s 325-door California terminal fetches $55M
(DBN)

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Fairness Opinions:

Fairness Opinions and Distressed Transactions
(DBN)

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Utilities:

PREPA judge sets schedule and calls for compromise
(DBN)

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Tech:

Robot dog learns, adapts like humans, Swedish AI startup IntuiCell says
(DBN)

Art generated solely by AI can’t be copyrighted, federal appeals court says
(DBN)

____________

UK:

UK universities face rising risk of bankruptcy, says regulator
(DBN)

University ‘facing insolvency’ after ‘misleading’ information given about its finances Dundee University insolvency 'a real possibility'
(DBN)

A bankruptcy petition cannot be presented on the basis of an unrecognized foreign judgment
(DBN)

Bankrupt council hits disabled residents with ‘blue badge tax’
(DBN)

Insolvency activity rises significantly in Yorkshire
(DBN)

Keir Starmer pulled the pin on steep welfare cuts. Now for the hard part.
(DBN)

____________

EU:

EU to exclude US, UK and Turkey from €150bn rearmament fund
(DBN)

Europe is only half-awake from its long sleep
(DBN)

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Canada:

Canadian Retailer Hudson’s Bay Moves to Restructure
(DBN)

Canadian airline cancels flights to Tennessee as other US routes suspended
(DBN)

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Russia:

Trump suggests to Zelenskyy that the US should take ownership of Ukrainian power plants for security
(DBN)

Macron Is Heading for a Clash With Trump Over His Push to Help Ukraine
(DBN)

Trump says Russia-Ukraine "on track" for ceasefire after Zelensky call
(DBN)

Sadly, Trump is right on Ukraine
(DBN)

____________

MENA:

Israel resumes ground operations in Gaza after deadly strikes Israel continues to strike Gaza with babies and mothers among those killed
(DBN)

Netanyahu Tightens Grip on Divided Israel With Return to War
(DBN)

Trump's letter to Iran included 2-month deadline for new nuclear deal
(DBN)

Trump Says Houthis Will be "Annihilated" in Warning to Iran
(DBN)

____________

Argentina:

Milei’s inflation miracle distorted by obsolete items in index
(DBN)

Congress Upholds Milei’s Decree to Back New IMF Argentina Deal
(DBN)

Argentina’s Economy Extended Expansion as New IMF Accord Nears
(DBN)

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South Korea:

Homeplus' court filing projects bankruptcy in worst-case scenario
(DBN)

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Germany:

Gerry Weber Faces Third Bankruptcy As German Fashion Industry Struggles
(DBN)

____________

India:

BYJU’S Insolvency: Founders Blame Suspended IRP For Delay In Submitting BCCI’s Application Would have emerged from insolvency if IRP acted on time: Byju's tells NCLAT Byju's: BCCI and Riju Ravindran contest NCLT order on edtech's insolvency resolution
(DBN)

Insolvency And Bankruptcy Board Of India: IBBI mandates enhanced disclosure of carry forward losses for resolution professional
(DBN)

Successful Resolution Applicant Can Be Directed To Make Upfront Payment To Dissenting Financial Creditors If Resolution Plan Includes Such Provision: NCLAT
(DBN)

Parliament panel suggests online portal for direct submission of resolution plan
(DBN)

____________

China:

China’s US$150 billion of property debt restructurings stumble
(DBN)

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