March 4, 2025

The Daily Bankruptcy News

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Law:

Top Biglaw Firm Will Require 4 In-Office Work Days Each Week, Starting In Spring 2025
(DBN)

Sidley Adds Morgan Lewis Pair, Clears New Partner Profits Mark
(DBN)

Utah rethinks legal industry reforms as Arizona speeds ahead
(DBN)

GWG Trustee Sues Holland & Knight for $148M Over Alleged Beneficient Fraud Holland & Knight Partner Accused of Involvement in GWG Holdings Fraudulent Scheme: A Closer Look at the Legal Implications
(DBN)

Junior Lawyers Will Be ‘Significantly Replaced’ by AI & Tech Experts, Says Paul Weiss Chair
(DBN)

Biglaw Firm Decides Gen Z Lawyers Need Dedicated Coddler
(DBN)

Houston’s Emergence as a Premier Destination for Big Law Firms and Legal Talent
(DBN)

Legal Operations Leaders Ponder Right Path for Strategic Growth
(DBN)

Marco Rubio Has More In Common With A Biglaw Associate Than You May Think
(DBN)

South Dakota’s Pilot Bar Alternative Switches Out Studying Outlines For Community Service
(DBN)

After California bar exam chaos, state poised to nix remote testing
(DBN)

Trump Immigration Detentions Slow Amid Rising ICE Frustration Immigrant removals down as fewer try to cross border Business groups quietly push back on Trump's immigration raids ICE Agents in Ski Masks Snatch Migrant Out of Lawyer's Car Trump shipping migrants off to Guantanamo Bay is 'illegal and unprecedented': Lawsuit ‘Like a horror movie’: Ice detaining German tourist in California indefinitely
(DBN)

Trump-appointed prosecutor demotes senior leaders in reported ploy 'to get them to quit'
(DBN)

US judge further blocks Trump's order curbing youth gender-affirming care
(DBN)

The Constitution has already collapsed, and we are to blame
(DBN)

Emil Bove Faces DOJ Ethics Complaint Over Mayor Adams Dismissal
(DBN)

New deputy FBI director Dan Bongino previously called for imprisoning Democrats
(DBN)

Bondi says she was misled on Epstein documents FBI Delivers ‘Truckload’ of Epstein Files After Pam Bondi’s Demand
(DBN)

What did Casey Anthony do? She's now "legal advocate" for her daughter
(DBN)

Dad killed 5-year-old with 'precise' shots to head, tells judge 'I'm a good person'
(DBN)

Woman, 78, sentenced to prison for killing terminally ill husband as part of suicide pact
(DBN)

The D.C. Power Broker Embroiled in a Global Hacking Scandal
(DBN)

Predatory Lender Freed by Trump Arrested Again on New Charge
(DBN)

30 juvenile hall officers indicted after video of 'gladiator fights' emerges
(DBN)

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Judges:

Supreme Court case could upend America's firearms industry
(DBN)

Supreme Court will save Trump's political plans—analyst
(DBN)

Judge’s deadline to resume foreign-aid payments is not ‘review-worthy,’ ABA, other plaintiffs tell SCOTUS
(DBN)

Why this year's hottest election is for a Wisconsin court seat
(DBN)

Judge fears Trump will kill Consumer Financial Protection Bureau before she can stop him
(DBN)

Federal judge sanctions 3 LGBTQ rights lawyers for ‘malignant practice’ of ‘judge shopping’
(DBN)

Judge says Trump cannot fire head of independent watchdog agency
(DBN)

Owner of Bronx day care where toddler fatally ingested fentanyl gets 45 years in prison
(DBN)

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Wall Street:

Stock futures are under pressure again as Trump’s tariffs spark retaliation
(DBN)

Stocks tank globally as tit-for-tat tariffs begin
(DBN)

Nvidia shares fall 9% on tariff fears
(DBN)

‘Can’t defy gravity forever’: Trump-linked assets take a hit in Wall Street’s tumble
(DBN)

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Layoffs:

OPM guidance strips language saying response to emails is ‘explicitly voluntary’
(DBN)

As Social Security plans to cut about 7,000 workers, some experts worry that may affect benefits
(DBN)

DOGE moves to cancel NOAA leases at critical forecasting centers
(DBN)

Fired NOAA workers say cuts could hinder weather forecasts and programs to keep people safe
(DBN)

Judge maintains pause on mass CFPB firings to weigh whether Trump's moves mean 'impending doom' for the agency
(DBN)

States target fired federal workers in recruitment drives
(DBN)

Fired federal workers to join Democrats at Trump's speech to Congress
(DBN)

National Science Foundation is reinstating fired probationary employees
(DBN)

The AI coding apocalypse
(DBN)

Forever 21 to make massive layoffs amid store closures Forever 21 will lay off nearly 700, close headquarters
(DBN)

Bristol Myers' cost-savings drive claims another 223 jobs
(DBN)

Microchip Technology to cut 2,000 jobs
(DBN)

Goldman Sachs has a small round of annual layoffs coming soon
(DBN)

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Tech:

Introducing the Corporate Restructuring Machine: An Open Platform Approach
(DBN)

Big Tech Pain Is Mounting as Risk-Wary Traders Dump Winners
(DBN)

Trump’s Funding Cuts Threaten America’s AI Competitiveness
(DBN)

Ad insiders say they're advising clients to spend on X to avoid legal and political headaches
(DBN)

Anthropic is now worth more than $61 billion
(DBN)

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Retailing:

List of Stores Closing After Being Taken Over by Private Equity
(DBN)

Scammers have launched several fake JoAnn going out of business sites
(DBN)

Joann shoppers to shift purchases to Michaels, Hobby Lobby
(DBN)

Inside Hilco’s Strategically Coordinated Monetization of 99 Cents Only Stores’ Bankruptcy
(DBN)

Canadians Shun Amazon in Consumer Protest Against US, Poll Finds
(DBN)

Consumer spending falls, highlighting fading confidence
(DBN)

What 5 charts say about the pandemic’s impact on retail, 5 years later
(DBN)

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Politics:

People are asking 'what's wrong with Donald Trump's legs' after footage emerges of him playing golf
(DBN)

Donald Trump's Approval Rating Soars With Gen Z
(DBN)

The New Woke Right Wants Its Own Safe Space
(DBN)

The Coming Age of Territorial Expansion
(DBN)

Americans Deeply Divided Over DOGE: Poll Dems confront a new DOGE reality: It might be more popular than they thought. ‘Trump is kicking ass’: supporters cheer president’s frenzied first weeks
(DBN)

Democratic boycott builds against Trump speech to Congress
(DBN)

Trump orders swathes of US forests to be cut down for timber
(DBN)

Protests against Elon Musk and JD Vance spread across America after Trump’s bitter row with Zelensky
(DBN)

Behind CFPB gutting, nearly 200 canceled contracts
(DBN)

USAID official placed on leave over memo detailing results of Trump admin's aid freeze
(DBN)

Donald Trump to replace Benjamin Franklin on $100 bill under GOP proposal
(DBN)

'Fundamental corruption': Bill Nye unloads on Elon Musk's alleged self-dealing FAA Officials Ordered Staff to Find Funding for Elon Musk's Starlink
(DBN)

Wall Street Journal on Trump foreign policy: Less ‘brave new world’ than ‘dangerous old one’
(DBN)

Philippines Has to Be Ready in Case US Aid Dries Up, Envoy Says
(DBN)

Google petition hits new milestone after Pride, Black History backlash
(DBN)

Sen. Roger Marshall booed at northwest Kansas town hall
(DBN)

Senate confirms McMahon to lead Education Department as Trump pushes to shut it down
(DBN)

Education Department offers $25K for staffers to quit
(DBN)

Wisconsin audit of Trump win finds not a single voting machine error
(DBN)

My Dad served in Congress for 30 years and he’d be appalled
(DBN)

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Economy:

Musalem Says Inflation Expectations Key If Fed’s Goals Conflict
(DBN)

Republicans in Congress Turn Up Scrutiny of Fed as Inflation Persists
(DBN)

ISM® Manufacturing index Decreased to 50.3% in February
(DBN)

High prices "troubling" for Trump, former adviser says
(DBN)

Why government spending counts in GDP
(DBN)

Elite investor Ray Dalio warns the US may suffer a financial 'heart attack' if the debt problem isn't tackled
(DBN)

Mary Meeker's warning for "USA Inc."
(DBN)

A Comment on GDPNow
(DBN)

Treasury Department halts enforcement of ownership information reporting for millions of businesses
(DBN)

Trump Says ‘No Room Left’ for Canada, Mexico to Duck Tariffs What Trump Aims to Achieve With His Tariffs Dow tumbles more than 600 points, S&P 500 posts biggest loss since December as Trump says tariffs will proceed Canada imposes 25% tariffs in trade war with US Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says Trump tariffs will cause price hikes on these everyday goods New tariffs hit, but there's a $100 billion hole in the data China retaliates with additional tariffs of up to 15% on some U.S. goods from March 10 Which U.S. agricultural products did China hit with tariffs? Canada, Mexico Currencies Drop as Trump Confirms Tariffs Car Prices Are Poised for $12,000 Surge on Trump’s New Tariffs 'Wall Street Journal' Blames Trump For Risking Auto Industry 'Bloodbath' How Trump’s tariffs threaten an iconic US pick-up truck ‘Short-Term’ Tariff Pain Worth It for Auto Industry, Ohio Senator Says Trump's tariffs on Canada, Mexico, and China are expected to start Tuesday. Here are the goods the US imports from them the most. Trump tariffs will raise gasoline and electricity prices in the U.S., Canada energy minister says Gold Gains as Tariffs Stoke Economic Fears and Dollar Drops Trump Tariffs Near Deadline With White House Debate Heating Up Mexico’s Star Economy Dreams Crumble Under Donald Trump’s Tariff Threats Across Asia, Factory Owners Brace for Trump’s Expanded Tariffs Mexico says it has 'plan B, C, D' as Trump tariff threat looms China could target US farmers in response to Trump's trade tariffs Warren Buffett says tariffs are an economic 'act of war': 'Tooth Fairy doesn't pay 'em' Trump lumber tariff threat is latest headache for homebuilders Trump’s tariff tactics carry higher economic risks than during his first term ‘Tariff taskforce’: Pharma firms scramble to prepare even as Trump levies risk flouting WTO rules
(DBN)

Moody’s Chief Economist Warns Trump Chaos Will Choke Economy
(DBN)

Social Security has never missed a payment. DOGE actions threaten ‘interruption of benefits,’ ex-agency head says
(DBN)

Taiwan Semiconductor to announce $100-billion investment in U.S. chip manufacturing plants
(DBN)

‘Reverse Robin Hood scam’ or windfall for middle class? Lawmakers debate Trump tax plan extensions Senate tees up major tax fight after House squeaks through on budget Not much progress on Senate-House budget talks Senate GOP won’t take up House budget resolution until at least late March Ways and Means committee to start drafting plans for enacting Trump tax agenda next week
(DBN)

Trump's 'Gold Card' Would Offer Tax Benefit Unavailable to Americans
(DBN)

Gen Z Is More Pro-Marriage Than Their Parents
(DBN)

Fury at Contractors' Refusal to Increase Pay Range for Experienced Workers
(DBN)

Elon Musk Accused of Social Security 'Disinformation Campaign'
(DBN)

Former Social Security Head Warns System Could ‘Collapse’ in ‘Next 30 to 90 Days’
(DBN)

Moody's: Global Default Trends and Credit Risk
(DBN)

US Treasury Department says it will not enforce anti-money laundering law
(DBN)

Democrats Are Serious About a Shutdown Negotiations to avert a shutdown sputter as disputes over DOGE cuts persist
(DBN)

Newsom brings the back-to-office push to California California Orders Nearly 100,000 Workers to Return to Offices
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Are Homes Values About to Fall? It Depends on the Location
(DBN)

Final Look at Local Housing Markets in January and a Look Ahead to February Sales
(DBN)

Construction Spending Decreased 0.2% in January
(DBN)

Inventory down 0.1% Week-over-week, Up 28.3% Year-over-year
(DBN)

Florida Housing Market Sees Record Home Listings
(DBN)

California fire victims are in limbo as they wait for insurance payouts
(DBN)

Benko sells stake in New York’s Chrysler Building
(DBN)

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Municipalities:

Washington D.C. CFO predicts $342 million revenue drop
(DBN)

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Pharma:

Azzur Files for Bankruptcy With $100M in Debt
(DBN)

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Solar:

Sunnova Energy Plunges After Issuing Going Concern Warning Sunnova Energy: Another Big Solar Installer Teeters on the Edge of Bankruptcy Sunnova's 'Going Concern' Warning Is A Red Flag You Can't Ignore
(DBN)

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Crypto:

The GENIUS Act: Insolvency Risk with Stablecoins
(DBN)

FTX CEO Who Led ‘Model’ Bankruptcy Is Up for $41 Million Bonus
(DBN)

Trump Crypto Rally Fizzles Amid Skepticism on His Reserve Plan Trump Faces Blowback Over Plans for Crypto Reserve
(DBN)

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Climate:

Top Climate Fund Asks Others to Step Up as US Pulls Billions
(DBN)

Trump’s Return Prompts Companies to Stifle Climate Talk With ‘Greenhushing’
(DBN)

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Religion:

Where Christianity Is Surging, Falling by US State
(DBN)

Pope suffers new breathing crises Pope 'alert' after respiratory failure
(DBN)

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Education:

America's college chaos
(DBN)

Columbia University faces Trump administration review of federal contracts
(DBN)

Bill restricting transgender student athletes stalls in the Senate
(DBN)

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Non-Profits:

UN Food Agency Shuts Southern Africa Hub Amid Trump Aid Cuts
(DBN)

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Fraud:

Ponzi Perspectives: 2024 Year-End Roundup
(DBN)

February 2025 Ponzi Scheme Roundup
(DBN)

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Entertainment:

Sphere Entertainment Stock Drops as Firm Says MSG Networks Bankruptcy Possible Sphere Entertainment tops $300M, MSG Networks may seek bankruptcy protections Knicks dealing with potential bankruptcy
(DBN)

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Mining:

Defaulted Florida mine project put into receivership
(DBN)

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Utilities:

Puerto Rico Utility Bankruptcy Focus Shifts to Revenue Dispute
(DBN)

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Aquariums:

New Jersey Regulators Accuse Interactive Aquarium of Mistreating Animals
(DBN)

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Media:

LA Times to display AI-generated political rating on opinion pieces
(DBN)

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Autos:

American Carmakers Face Credit Pressure as Trump’s Tariffs Near
(DBN)

European auto stocks plunge as U.S. tariffs on Mexico, Canada kick in
(DBN)

Car giant brings jobs back to Indiana from Mexico to avoid tariffs
(DBN)

Tesla Just Got Even More Bad News Tesla's future may be more GM than OMG
(DBN)

Vehicles Sales Increase to 16.00 million SAAR in February
(DBN)

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Firearms:

Texas gunmaker Watchtower Firearms files for bankruptcy
(DBN)

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Bankruptcy Crimes:

North Carolina Man Pleads Guilty to Making False Statements Under Oath in a Bankruptcy Case
(DBN)

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Agribusiness:

US to Slap Tariffs on Crop Purchases as Food Imports Balloon
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (101 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Ex-FDA Head Testifies Against Johnson & Johnson in Asbestos Bankruptcy Case
(DBN)

Johnson & Johnson Seeks Approval for $10 Billion Talc Bankruptcy Plan Amid Vote Legitimacy Concerns
(DBN)

A looming threat could bankrupt California counties — and it’s not fires or Trump
(DBN)

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D&O:

Bankruptcy Trustees Lack Standing to Sue D&O Insurer
(DBN)

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UCC:

Vehicle Repossessions and Article 9: Recent Developments
(DBN)

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Aviation:

Bankrupt regional airline strands passengers with canceled flights
(DBN)

How Firefly Aerospace Emerges from Bankruptcy and Completes Historic Moon Landing
(DBN)

Aerospace Supplier Files For Chapter 11 Bankruptcy
(DBN)

Belgian travelers struggle for refunds after FTI Group bankruptcy
(DBN)

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Healthcare:

Prison health company wins approval for $75 million bankruptcy deal
(DBN)

How Texas’s bankruptcy courts are used to shield a prison healthcare provider
(DBN)

Judge dismisses MercyOne appeal of Mercy Iowa City liquidation plan
(DBN)

CT governor calls Yale-Prospect deal 'over' as lawmakers seek more scrutiny of hospital transactions
(DBN)

Jackson Hospital announces new steps since filing for bankruptcy
(DBN)

Officials fear private equity has harmed patient care in CT. They want to stop it
(DBN)

Texas doctor warns against "measles parties" amid outbreak
(DBN)

RFK Jr. urges people to get vaccinated amid deadly Texas outbreak RFK Jr.’s Top Spokesman at HHS Quits After Just Weeks on the Job RFK Jr. Sparks Anti-Vaxxer Anger: 'No Different Than Fauci' RFK Jr. move to kill public comment roils providers
(DBN)

Fix to doctors’ payment cuts under Medicare in play for stopgap funding measure
(DBN)

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Corporate Governance:

Musk and a Dead Horse: Two Cases Show Delaware Court's Range
(DBN)

Kroger CEO Resigns Over ‘Personal Conduct’ After Board Probe
(DBN)

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Food/Beverage:

Hooters’ Problems Pose a Test for Securitizations
(DBN)

Red Robin considering closing around 70 underperforming locations to repay debt, CEO says
(DBN)

Chipotle fans blast ‘pathetic’ new weighing policy after CEO faces backlash for ‘skimping’ on meals
(DBN)

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Sovereigns:

How to Deal with Debt’s Downside
(DBN)

Trump complicates Syria’s debt restructuring challenges
(DBN)

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UK:

'Ticking timebomb': England’s special educational needs crisis threatens council finances
(DBN)

English Court of Appeal rules on foreign judgments and bankruptcy
(DBN)

Insolvency and forfeiture: a tale of two companies
(DBN)

Thames Water's restructuring plan sanctioned but appeal pending
(DBN)

Farage Response to Trump-Zelenskiy Row Shows Split in UK Right
(DBN)

Trump turns on Starmer and allies in new Ukraine tirade – even as PM insists US is vital to peace deal Starmer's Plan for Peace in Ukraine Keir Starmer, unlikely leader of the free world
(DBN)

Petitions to cancel Donald Trump's UK state visit hit 250,000 signatures
(DBN)

King Charles signals support for Canada amid Trump attacks
(DBN)

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EU:

'Trump's first weeks as president have been enough to give the nightmare of America's turn to fascism a feeling of reality'
(DBN)

Trump Keeps Door Open to Ukraine Deal With Europe Now Optimistic
(DBN)

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Canada:

42 per cent of Atlantic Canadians too embarrassed to seek help to avoid bankruptcy: consulting firm
(DBN)

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Russia:

Trump Challenges Zelenskiy for Saying End of War Far Away Trump pauses all US military aid to Ukraine after angry clash with Zelenskiy How officials are reacting to Trump pausing military aid to Ukraine If the U.S. halts military aid to Ukraine, how long can it continue to fight? The U.S. aid to Ukraine Trump is now cutting off Trump's stunning string of Putin-friendly moves Trump doubles down on criticizing Zelensky over comment that end of war is far away Zelenskiy Says He’d Meet Trump Again for ‘Serious’ Talks Trump reacts to Zelensky's latest prediction: "What are they thinking?" Trump hits out at Zelensky: 'America will not put up with it' GOP piles on Trump's Zelensky hostility Poland's Walesa blasts Trump over communist-style Zelenskyy grilling Trump to hold Ukraine meeting on next steps including possible aid freeze Russia gloats about shift in U.S. relations with Ukraine Vance says U.S. "economic upside" in Ukraine is best for Kyiv Top Republicans say they want Ukraine deal ‘back on track’ Putin has tried to oust Zelenskyy for years. Now, U.S. pressure might do the job.
(DBN)

Democrats prepare Ukraine ambush against Trump nominees
(DBN)

Macron Tells Figaro France, UK Working on Ukraine Truce Plan UK distances itself from Macron ceasefire proposal As Europe mobilizes behind Ukraine, it's sitting on a $218 billion ace card — and it's being urged to play it EU chief proposes plan to ‘urgently’ increase defense spending by mobilizing around $840 billion
(DBN)

Kremlin "trying to sabotage" Trump-Zelensky deal: ISW
(DBN)

Zelensky fires back at Lindsey Graham over resignation calls
(DBN)

How nearly $200 million in Russian oil reached the US despite sanctions
(DBN)

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MENA:

Israel Hardens Its Stance Toward Hamas, Emboldened by Trump
(DBN)

Arab leaders rally to counter Trump's plan for Gaza Arab Leaders to Unveil Gaza Construction Plan to Counter Trump
(DBN)

Israel might return to war in 10 days if no agreement reached
(DBN)

Putin Agrees to Help Trump Broker Nuclear Talks With Iran
(DBN)

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China:

Country Garden re-engages Houlihan, CICC as financial advisers
(DBN)

Beijing’s deflation dilemma: Falling prices signal bigger troubles ahead for China’s economy
(DBN)

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Indonesia:

Indonesia’s textile leader Sritex to lay off thousands, faces challenges with creditors Whyalla steelworks owes $1.3 billion to creditors Whyalla steelworks losing $1.5m per day before administration, KordaMentha says GFG Alliance says it remains largest creditor in Australia's Whyalla Steelworks
(DBN)

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India:

Maximising asset value through IBBI regulations
(DBN)

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Australia:

Bankruptcy dips as personal insolvency solutions surge, data reveals
(DBN)

Star Entertainment faces voluntary administration without a solid lifeline
(DBN)

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Ireland:

Southern insolvency figures may hint at North’s future
(DBN)

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South Korea:

Korea allows failed business owners to reestablish startups with support programs
(DBN)

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Czech Republic:

Faster insolvency proceedings: relief for Czech debtors and creditors
(DBN)

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France:

Altice France’s unhappy creditors tap advisers to improve terms
(DBN)

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