May 13, 2025

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

Law:

DOJ Says Susman Godfrey Is National Security Threat… For Giving Money To GLAD
(DBN)

Partners Hesitant To Leave Biglaw Firms That Capitulated To Trump — Because What If The Next Firm Does It Too?
(DBN)

Two Cadwalader Partners Exit Over The Firm’s Capitulation To Donald Trump
(DBN)

Biglaw Firm Ends Diversity Billing Codes, Scrubs Key Sections Of Website
(DBN)

EEOC Asked to Probe Claims of Bias in Law Firm Intern Program
(DBN)

LLM vs LLB: the case for junior lawyers is undermined by AI
(DBN)

Billable Hour Dying So Slowly, You’d Think It’s Billing By The Hour
(DBN)

How Many Wachtell Attorneys Does It Take…?
(DBN)

These major law firms are ‘actively finalizing’ a merger deal
(DBN)

Should law schools have more hands-on learning requirements?
(DBN)

Lawyer Accused Of Gambling Away Millions In Client Funds Sentenced To Time Behind Bars
(DBN)

Homeland Security subpoenas California's immigrant assistance program in latest crackdown on illegal immigration First white South Africans arrive in US as Trump claims they face 'genocide' Church Rebukes Trump Administration Over White South African Refugees Trump puts white South Africans on citizenship fast track while rejecting all other refugees: ‘As subtle as an air raid’ Trump defends admitting white South Africans as refugees after halting resettlement for most others Florida Woman Details Horror of Being Detained Despite Being US Citizen Green Card Holder Held by ICE for Two Months: 'Thought That We Were Safe' Children Left Behind Inside Truck After ICE Detains Father at Gas Station Green Card Holder From Germany 'Free' After Two Months of ICE Detention DHS terminates temporary protected status program for Afghans ICE Arrests Newark Mayor For … Ummm, Body Slam? Rümeysa Öztürk Finally Returns Home After Being Detained Over 6 Weeks For Sharing Her Opinions Newark Mayor Faces 30 Days in Jail, $500 Fine Over ICE Protest
(DBN)

Feds’ Sean “Diddy” Combs Case In Danger As Key Witness Remains AWOL On Eve Of NYC Trial Start Sex trafficker or 'swinger'? Hip-hop mogul Sean 'Diddy' Combs goes on trial P Diddy allegedly made male escort pee in Cassie Ventura's mouth, according to feds Guard says Sean Combs offered him 'sack of money' not to talk about Cassie hotel incident Prosecutor says Sean 'Diddy' Combs forced women to participate in sex parties, blackmailed them with videos Sean Combs' jury is mostly male and has a few hip-hop fans. Here's what we know about the 12 who will decide his fate.
(DBN)

As White House Steers Justice Dept., Bondi Embraces Role of TV Messenger
(DBN)

Trump appointee Pirro left trail of 'stiffed' creditors dating back to 2006: report Jeanine Pirro’s 2006 Senate Committee Ignored Election Laws and Still Owes Big Money to Creditors
(DBN)

Republicans Want To Redefine Obscenity
(DBN)

Trump Administration Accused of Declaring 'Fake' Emergency By 15 States
(DBN)

'He's not getting out': Minnesota AG throws cold water on Derek Chauvin pardon push
(DBN)

Firing squad mostly missed South Carolina inmate’s heart, causing him to ‘scream and groan,’ lawyers say
(DBN)

Backing down, Menendez lawyer withdraws motion to toss DA from case
(DBN)

Woman who killed pregnant victim, cut fetus from womb, claimed as her own may face death
(DBN)

Man murdered his grandma, set body on fire because she gave cat 'harmful' flea medication
(DBN)

Lotto winner had to play dead after being followed home, stabbed 15 times for jackpot
(DBN)

Self-defense claim fails after man yells 'you wanna die?' while shooting, killing victim
(DBN)

______________

Judges:

Chief Justice Roberts Says Court Criticism Shouldn’t Be Personal
(DBN)

‘No More Souters’ Degrades a Non-Blinking, Honest Judicial Style
(DBN)

Supreme Court Likely To Curtail Judges' Powers To Stop Trump: What To Know
(DBN)

Judges Raise Alarm Over Unsolicited Pizza Deliveries
(DBN)

Judge Weighs Halting Trump Effort to Withdraw ABA Aid Grants
(DBN)

Trump admin says court order to reveal 'plan' for mass firings could cause 'embarrassment'
(DBN)

Civil rights agency moves to fire judge fighting Trump directives
(DBN)

______________

Wall Street:

 

Markets Soar After Trump Surrender on Signature Tariff Policy
(DBN)

______________

Layoffs:

Maryland Rite Aid distribution center to lay off more than 300 workers after pharmacy files for bankruptcy a second time
(DBN)

Sudden Illinois Plant Closure Means 281 Will Be Out of Work Soon
(DBN)

______________

Hotels:

Iconic downtown San Jose hotel is seized by lender, lodging woes widen
(DBN)

____________

Tax:

Republicans leave many issues unresolved as they push Trump tax bill forward
(DBN)

House GOP unleashes sweeping tax legislation
(DBN)

New Bill Would Tax Higher Earners To Cover Social Security, Medicare
(DBN)

House tax writers eye SALT deduction cap rejected by key lawmakers last week
(DBN)

GOP Tax Bill Prioritizes Trump Campaign Vows, Increases SALT
(DBN)

SALT, Tips and Auto Loans: A Guide to the House GOP Tax Bill
(DBN)

New Yorkers Vow to Block House GOP Tax Bill Over SALT Limit
(DBN)

____________

Student Debt:

"Full Discharge Ahead? An Empirical First Look at the New Student Loan Discharge Process in Bankruptcy
(DBN)

ABA objects to proposed changes in Public Service Loan Forgiveness program
(DBN)

____________

Climate:

US House targets big climate, clean energy rollbacks in budget proposal
(DBN)

____________

Religion:

Pope Leo 'deliberately' downplayed being American to make sure he won Papacy
(DBN)

____________

Education:

Big Law Lawyers Are at Ground Zero in Trump’s University Fights
(DBN)

Harvard president decries ‘unlawful’ Trump actions in letter to McMahon
(DBN)

Trump’s Threat to Harvard’s Tax Status Reaches All Nonprofits
(DBN)

UCLA Medical School hit with massive lawsuit over alleged use of affirmative action
(DBN)

____________

Healthcare:

Accelerate Diagnostics files for Chapter 11 bankruptcy, seeks asset sale amid financial strain
(DBN)

Fight over Medicaid cuts heats up as House Republicans release bill
(DBN)

Millions Face Losing Health Insurance Under Republican Proposal
(DBN)

____________

Entertainment:

Jon Voight Joins Studios, Unions to Press Trump for Film Aid
(DBN)

____________

Advertising:

TV’s Pitch to Advertisers Runs Headlong Into Trump’s Tariffs
(DBN)

____________

Renewable Energy:

House GOP cuts, but not kills, wind and solar tax credits
(DBN)

____________

Economy:

Fed survey finds tighter standards, weaker demand for loans in first quarter
(DBN)

Employees are nearly unanimous about how their salary stacks up to inflation
(DBN)

House GOP unveils plan to raise debt limit by $4 trillion
(DBN)

US Inflation Seen Picking Up in April With Modest Tariffs Impact
(DBN)

US-China Truce Likely to Avert Recession But Not Coming Slowdown
(DBN)

Traders See Fed Cutting Rates Just Twice in 2025 on Cooling Trade War
(DBN)

Fed’s Kugler Sees Significant Tariff Impact Despite Recent News
(DBN)

‘Trump Was Forced to Back Off’: Fox Business Reporter Drops Blunt Analysis of Trump Trade Cave Schumer: China ‘got the better of Trump’ Trump might claim China tariff victory – but this is Capitulation Day Bessent Is Upbeat on China Trade Talks Thanks to 2020 Framework How Trump's chaotic trade war has evolved Mexico expects early review of USMCA trade pact China Tariff Relief Spurs Shipping Rush, Price Hike U-Turn Trump Says China Agreed to Roll Back Non-Tariff Barriers Larry Summers: No question Trump blinked on China tariffs Who blinked first? How the US and China broke their trade deadlock Tariffs will mean the end for my small business Thailand Submits Proposals to US to Get Tariff Talks Started
(DBN)

Fed's Kugler says China-US tariff deal may have lowered risks
(DBN)

Gold falls 3% as US and China strike tariff deal
(DBN)

US budget surplus rises 23% to $258 billion in April, customs revenue surges
(DBN)

Republicans to reveal whether they will advance tax hike on the wealthy
(DBN)

GOP charges ahead despite deep divisions on Medicaid, SALT
(DBN)

Foreigners’ Interest in US Job Postings Slumps
(DBN)

The minimum wage is now coming for white-collar work
(DBN)

FactCheck: 20% of veteran households use food stamps
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

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

Housing May 12th Weekly Update: Inventory up 1.6% Week-over-week, Up 32.9% Year-over-year
(DBN)

Map Shows States Where Rent Increased by More Than 50 Percent
(DBN)

Texas Housing Market Sours After Homeowners Are Given Bad Advice
(DBN)

Fed April SLOOS Survey: Banks reported Weaker Demand for Residential Real Estate
(DBN)

Owner of 18 Sioux Falls apartments declares Chapter 11 bankruptcy
(DBN)

____________

Municipalities:

Testing the Waters: Expanding Chapter 9 Bankruptcy to Encourage Treatment of Chemically Contaminated Drinking Water
(DBN)

Newsom Calls on California Cities to End Homeless Encampments: ‘No More Excuses’
(DBN)

____________

Oil/Gas:

Oil and Gas Counterparty Risk: Dealing with Statutory Mineral Liens
(DBN)

Nord Stream 2 Enters Debt Restructuring Deal with Creditors
(DBN)

US House budget bill seeks more than $1.5 billion for Strategic Petroleum Reserve
(DBN)

Oil prices climb 2% to two-week high on US-China tariff reductions
(DBN)

____________

Politics:

In chaos of mass DOGE firings, a grieving husband fights to save consumer agency
(DBN)

Don Jr. is the new Hunter Biden
(DBN)

Republican Heads Spin Round And Round
(DBN)

Donald Trump leans left in bid to revive flagging poll numbers
(DBN)

Liberals rail at establishment: ‘Too many corporate, establishment politicians’
(DBN)

Senate Democrats, worried about Fetterman, discussing ways to help
(DBN)

RFK Jr. goes swimming in DC’s Rock Creek despite NPS guidance on bacteria
(DBN)

Texas’s Senior Senator Is Trailing His MAGA Primary Opponent by Double Digits: Poll
(DBN)

GOP rep: Threat to arrest Democratic colleagues ‘very drastic’
(DBN)

Pentagon Issues New Sweeping DEI Order Amid Trump Admin Crackdown on DEI
(DBN)

US deputy attorney general tapped to serve as acting librarian of Congress
(DBN)

US popularity collapses worldwide in wake of Trump’s return
(DBN)

Trump is hoping to quietly gut the social safety net
(DBN)

Hands off Greenland, ex-NATO chief defies Trump
(DBN)

Elon promised budget cuts. He delivered federal surveillance
(DBN)

Trump fires Copyright Office director after report raises questions about AI training
(DBN)

Not Just More Babies: These Republicans Want More Parents at Home
(DBN)

Trump’s Diplomatic Frenzy Spins Big Gambles as Signs of Success
(DBN)

____________

Tech:

Wolfspeed creditors extend rescue financing offer to avert bankruptcy
(DBN)

AI may cut the need for younger staff, some CEOs say: ‘With the commoditization of intelligence, it’s not about having the smartest people anymore’
(DBN)

Apple Considers Raising iPhone Prices, Without Blaming Tariffs
(DBN)

____________

Pharma:

Trump ordering that the U.S. to pay only the price other nations do for some drugs Trump’s drug price treatment is harsh but justified Trump calls for broad drug price cuts in executive order, wants at least 59% drop Trump Gives Drugmakers 30 Days to Lower Drug Prices What has Trump said about cutting drug prices? Pharma stocks recover from initial shock of Trump's drug pricing order Bernie Sanders Issues Warning About Trump's Drug Pricing Executive Order
(DBN)

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround
(DBN)

____________

Food/Beverage:

US plant-based restaurant chain Planta files for bankruptcy
(DBN)

11 Restaurant Chains Struggling in 2025
(DBN)

____________

Utilities:

Climate Adaptation and Bankruptcy: Preparing Utilities for What is to Come
(DBN)

____________

Clean Tech:

Trump’s Spending Cuts Force Clean Techs to Explore US Exit
(DBN)

____________

Agribusiness:

Iowa House passes bill updating grain indemnity program, which grew out of the farm crisis
(DBN)

____________

Fraud:

We broke down an 825-page court document filed in the Daryl Heller bankruptcy: Here's what we learned
(DBN)

Leo Govoni remains a free man, despite failing to honor federal judge’s orders
(DBN)

____________

Travel:

The US Is on Track to Lose $12 Billion in Travel Revenue in 2025
(DBN)

Transatlantic Summer Travel Expected to Fall Near Double Digits
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Defending "Second-Party" Releases in Mass Tort Bankruptcies
(DBN)

Vermont’s Roman Catholic Diocese faces 118 more clergy misconduct claims
(DBN)

Bankruptcy court judge gives victim-survivors temporary window to file civil suits
(DBN)

____________

Mediation:

Chapter 11 Mediation
(DBN)

____________

Liability Management:

Tracking The Evolution of Liability Management Exercises
(DBN)

____________

Intercreditor:

Tropicana Debt Deal Casts Light on Rampant Creditor Warfare
(DBN)

____________

Conflicts:

“DOJ Watchdog Challenges Potential Conflict of Interest in AgileThought Bankruptcy Case”
(DBN)

____________

Aviation:

Newark Liberty Airport suffers third system outage in less than 2 weeks, impacting hundreds of flights
(DBN)

Newark air traffic crisis takes terrifying turn — with just one controller to oversee up to 180 takeoffs and landings: ‘Pure insanity’
(DBN)

A timeline of chaos at Newark airport: Inside the terrifying last 2 weeks, and how we got here
(DBN)

Another major airport hit with massive delays after system outages and equipment failures at Newark and Atlanta
(DBN)

Flights Could Be Disrupted Across U.S., Transportation Secretary Warns
(DBN)

Trump says it would be 'stupid' not to accept gift of Qatari plane Trump feels the heat from MAGA over ‘great gesture’ of a luxury jet from Qatar Senate Democrats seek vote targeting Trump’s acceptance of Qatari plane Pam Bondi's Qatar Links Under Scrutiny Over Trump's Luxury Plane Gift Inside the Qatari luxury jet on offer to President Donald Trump ‘Just wildly illegal’: top Democrats push to censure Trump’s plan to accept Qatar jet Trump Blasts Reporter For Asking About Luxury Qatar Jet: 'Embarrassed' You’ll Pay for the Upgrades to Trump’s Luxury 747 From Qatar Paul: Qatar jet not good idea, could cloud US ability ‘to judge their human rights record’ Reed: Trump’s Qatar plane would ‘pose immense counterintelligence risks’ Senate GOP weighs safety, legal concerns over Trump Qatar jet gift Trump Says He Won’t Use Qatari Jet After Leaving Office
(DBN)

UN aviation body rules Russia downed Malaysian airliner, say Dutch
(DBN)

Bankruptcy administration selling Montenegro Airlines' aircraft parts
(DBN)

China Removes Ban on Boeing Deliveries After US Trade Truce
(DBN)

____________

Retailing:

AG Dave Sunday reminding consumers of deadlines amid Rite Aid bankruptcy proceedings
(DBN)

This isn’t the first time Rite Aid tried to sell its business: A look back at 2 unsuccessful mergers
(DBN)

____________

Autos:

Ant Anstead's car company renews bankruptcy filing amid fraud allegations
(DBN)

Honda Signals Profit Drop, Warns of $3 Billion Tariff Hit
(DBN)

Nissan Shuts Plants, Slashes Jobs After Worst Loss in 25 Years
(DBN)

Hertz posts worse-than-expected loss after shrinking fleet
(DBN)

____________

Comic Books:

Diamond Comics Lawyers Claimed $17,000 To Go To New York Toy Fair
(DBN)

Diamond Net Worth Declines as Bankruptcy Goes On
(DBN)

____________

UK:

Madagascar Oil: English Court convenes two meetings in two creditor restructuring plan
(DBN)

Insolvency Service appoints Interim Chief Executive Officer
(DBN)

____________

EU:

Trump: The EU is ‘nastier than China’
(DBN)

EU looks to ease the path for industrial champions to take on America
(DBN)

____________

Canada:

Hudson’s Bay expected back in court to extend creditor protection
(DBN)

____________

MENA:

Edan Alexander, U.S.-Israeli hostage, released after more than 19 months in captivity, Hamas says
(DBN)

Trump departs for Middle East trip that starts in Saudi Arabia
(DBN)

Trump says he could go to Turkey to join Russia, Ukraine
(DBN)

Israelis fear no longer top priority as Trump heads to Gulf
(DBN)

Hamas in talks with US about Gaza ceasefire and aid, says senior Palestinian official
(DBN)

Medical charity condemns Israel's use of hunger as 'weapon of war' in Gaza
(DBN)

Trump Faces $2 Trillion Hurdle to Win Money From Saudi Prince
(DBN)

____________

Mexico:

Mayoral candidate, 3 of her supporters shot dead during campaign rally
(DBN)

____________

Russia:

Ukraine says Russia attacking with drones despite ceasefire calls; Zelenskyy challenges Putin to meet in Turkey
(DBN)

Zelenskiy says he will meet Putin after Trump tells him not to await truce
(DBN)

Germany Says Russia Has Hours to Abide by Truce or Face Sanctions
(DBN)

____________

China:

JPMorgan lifts China growth forecasts after 'surprisingly positive' US deal
(DBN)

____________

Argentina:

Fitch upgrades Argentina's rating on IMF support, Forex reforms
(DBN)

____________

India:

40 insolvency resolution cases which resulted in 100% recovery
(DBN)

Arbitration and Insolvency in India: Legal Conflicts and Practical Guidance
(DBN)

India’s insolvency law has bankers going bald
(DBN)

Bankruptcy board touts success as creditors realize ?3.89 lakh crore under resolution plans
(DBN)

India Proposes First Counter Move Against Trump’s Tariff Regime
(DBN)

IBC has shifted balance of power in favor of creditors, investors: IBBI ED
(DBN)

____________

Argentina:

Argentine utility Albanesi approaches creditors after missed bond payment
(DBN)

____________

Japan:

Japan business failures hit 11-year high for April
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the most recent edition of The Daily Bankruptcy News on the web at BKInformation.com.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $69.00/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2025