May 14, 2025

The Daily Bankruptcy News

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Law:

In-House Counsel Embed at Law Firms to Impart Corporate View
(DBN)

Top Law School Faculty Issue Letter Defending Rule Of Law
(DBN)

Trump’s War on Law Firms Puts In-House Counsel in Tough Spot
(DBN)

6 firms resolved EEOC probes with pro bono deals, they told state attorneys general
(DBN)

Goodwin Procter Taps Proskauer to Answer Federal Diversity Probe
(DBN)

The End of Rule of Law in America
(DBN)

This Biglaw Firm Is Already Slaying In 2025
(DBN)

The Ultimate BigLaw Salary Guide (2025): Who Pays What, When, and Why It Matters
(DBN)

Biglaw Doesn’t Give A Damn About Its Young Lawyers
(DBN)

Debevoise & Plimpton Deals Prowess Tested by Leadership Exits
(DBN)

California Bar Thinks Provisional Licensing Could Soak Up Some Of The Mess From Their Rushed Test
(DBN)

A ‘Projection’ Of The 2026 U.S. News Law School Rankings
(DBN)

Ex-Eversheds employee barred after billing for pro bono work
(DBN)

Mister Softee hires $900-an-hour lawyers to go after alleged copycat in the Bronx
(DBN)

Lawyer with huge social media following is accused of performing ‘no legal work of value’ for several clients
(DBN)

Stephen Miller Is Running the Show for Top Cabinet Official
(DBN)

Due Process Is a Right, Not a Privilege You Get for Being Good
(DBN)

Kim Kardashian To Star As Divorce Lawyer In New Legal Drama ‘All’s Fair’
(DBN)

Cassie’s Trip From Star to Star Witness May Spell Trouble for Sean Combs
(DBN)

Trump administration welcomed white Afrikaners while ending Afghan protections Trump’s Claim of Afrikaner ‘Genocide’ Strips the Word of Any Meaning
(DBN)

Twenty states sue over Trump's push to link grants to immigration enforcement Deported Venezuelans believed held at El Salvador mega-prison, UN says Newark mayor returns to immigration detention center days after trespassing arrest Ocasio-Cortez warns of ‘problem’ if Democratic colleagues are arrested Abrego Garcia's lawyers say Trump admin falsely claiming state secrets privilege ICE arrests 422 illegal migrants in Houston sweep, including suspects wanted for murder, arson Noem's claim that Afghan refugees can safely return to their Taliban-ruled homeland is 'just absurd,' advocates say
(DBN)

‘That Should Cause People to Pause’: Why Trump Might Lose the Legal Fight on Tariffs
(DBN)

Bombshell Report Alleges Stephen Miller Is Running the Show at DOJ While Pam Bondi Is Playing the Part ‘Like an Actor’
(DBN)

DOJ 'weaponization' group will shame individuals it can't charge with crimes, new head says
(DBN)

Menendez brothers face key hearing in bid to reduce life sentences for murder Judge reduces Menendez brothers’ murder sentences, putting them a step closer to freedom
(DBN)

Sean ‘Diddy’ Combs Trial: Cassie Ventura Says Diddy Would ‘Drag Me, Kick Me, Stomp Me’ Tearful Cassie says Diddy and Craigslist escorts ‘peed on her until she choked’ as he ‘forced her to perform on period’ Law&Crime creates exclusive 'video' recreation of Diddy trial powered by AI
(DBN)

Jurors deliberate fate of high school basketball coach who conducted naked fat tests
(DBN)

Former teacher of the year gets 30 years in California prison for sexually assaulting students
(DBN)

Woman Returns to Scene of Crime to Retrieve Dropped Phone—and Gets Arrested
(DBN)

Man details plans, supplies needed for murder of ex-girlfriend's aunt, cops say
(DBN)

Man who spent 38 years in prison for bartender's 1987 murder has conviction overturned: "I am not angry"
(DBN)

Man breaks into ex-girlfriend's house through 'dog door' and leaves the same way: Cops
(DBN)

Thumbprint on cigarette carton leads to arrest in 1977 death of young woman
(DBN)

They were San Francisco elites. A killer found them in their Palm Springs home.
(DBN)

Texas Man Killed Mother After 'Vivid Dream' About World War, Police Say
(DBN)

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Judges:

Rule of law is ‘endangered,’ chief justice says Chief Supreme Court Justice Gives Biggest Sign Yet of Trump Disapproval
(DBN)

Donald Trump Warns That Supreme Court Ruling Against Him Could Destroy US
(DBN)

Wisconsin Judge Indicted on Charges That She Helped Immigrant Evade Agents
(DBN)

Judge gives IRS green light to share migrants’ taxpayer information with ICE
(DBN)

First judge approves Trump invoking Alien Enemies Act to deport Venezuelans
(DBN)

US Marshals’ Duty to Protect Judges Faces Test in Trump DOJ
(DBN)

Trump admin asks Supreme Court permission to resume Venezuelan deportations
(DBN)

Senate gears up for Trump 2.0 judge confirmations
(DBN)

US court hears small business bid to block Trump tariffs
(DBN)

Key Trump Tariff Hearing: Court Weighs Potential Block—But Doesn’t Hint How It Will Rule
(DBN)

Trump trade war faces legal challenge as businesses, states argue his tariffs exceeded his power
(DBN)

Federal appeals court may revive lawsuit against conservative group accused of voter intimidation
(DBN)

North Carolina justice sworn in after long battle over election result
(DBN)

Florida judge is accused of sharing ‘objectively unrealistic’ fake recording with editorial board
(DBN)

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Wall Street:

Stock futures are flat after Nasdaq posts five-day winning streak U.S. stock futures steadied; trade optimism remains
(DBN)

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Layoffs:

Microsoft Is Cutting Thousands of Employees Across the Company Microsoft is cutting 3% of its workforce
(DBN)

Ford to cut 350 software jobs
(DBN)

Burberry to Cut 1,700 Jobs
(DBN)

Roberts Wesleyan University to cut 20% of full-time, benefit-eligible staff
(DBN)

Chegg to cut almost 250 jobs, terminate lease at South Bay headquarters
(DBN)

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Tech:

Executives Are Pouring Money Into AI. So Why Are They Saying It's Not Paying Off?
(DBN)

Major Music Publishers Accuse Anthropic AI of ‘Hallucinating’ Citations in Ongoing Copyright Dispute
(DBN)

AI is stirring mixed feelings among CFOs, survey finds
(DBN)

US Firm Global AI Secures Saudi Investment Worth Billions
(DBN)

Google Facing at Least €12 Billion in Civil Claims Across Europe
(DBN)

China's AI-powered humanoid robots aim to transform manufacturing
(DBN)

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Pharma:

Bluebird bio warns of potential bankruptcy as buyout faces another delay
(DBN)

Pharma is facing its nightmare scenario
(DBN)

Americans need someone to cut drug prices. But Wall Street doesn't believe Trump has a plan.
(DBN)

5 Big Questions About Trump’s Plan to Lower Drug Prices
(DBN)

Trump's executive order to lower drug prices may not do much of that
(DBN)

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Politics:

Trump’s Middle East trip marked by potential private business conflicts
(DBN)

Donald Trump's Approval Margin Swings 11 Points in 2 Weeks
(DBN)

Donald Trump’s gargantuan self-dealing With Qatari Plane Talks, Trump Sends Message to World: He’s Open for Business How presidency saved Trump from ruin and made him a fortune
(DBN)

Trump’s free plane is not so free GOP heavyweights join bipartisan bashing of Trump Qatar jet deal Does Qatar’s gift of a luxury plane to US violate the emoluments clause? Schumer places hold on DOJ political nominees over Qatari jet gift to Trump Ben Shapiro, Laura Loomer lead rare MAGA backlash to Trump's Qatari jet Trump Calling Qataris 'Funders of Terrorism' Resurfaces Amid Jet Fury Some GOP senators concerned over prospect of Qatar gifting Trump a jet Top US Senate Democrat to block Trump DOJ nominees over Qatar airplane Haley on Trump’s Qatari jet: ‘If this were Biden, we would be furious’ Guess Which Other World Leader Said ‘Yes’ to Free Qatari Jet? Even Trump’s Favorite Senators Think Qatar Jet Is Bad Move Boeing Could Sue Over Donald Trump's New Air Force One Plane—Attorney
(DBN)

Trump drug pricing proposal puts GOP senators in a tough spot
(DBN)

Book: Biden Aides Had Secret Plan to Get President a Wheelchair ‘He Totally F----- Us!’ Top Harris Campaign Aide Torches Biden in Blockbuster Book Preview Biden didn't recognize George Clooney at fundraiser: New book
(DBN)

Democrats kick off 2028 shadow primary with contrasting styles
(DBN)

DNC panel opens the door to removing David Hogg from his national post
(DBN)

Two more Fetterman aides leave embattled senator’s office
(DBN)

Gabbard fires top National Intelligence Council officials
(DBN)

The rise of the regretful Trump voter
(DBN)

Bill to make pornography a federal crime introduced by GOP senator
(DBN)

MAGA Congressman Accused of Whacking Voter With Clipboard
(DBN)

Democrat ousts incumbent Republican in Omaha mayoral race
(DBN)

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Tax:

"Big, beautiful" tax bill contains popular break for tips
(DBN)

US Republicans face internal disagreements over Trump tax cut package
(DBN)

GOP Lawmakers In High-Tax States Want $124K SALT Cap
(DBN)

GOP Tax Plan Tilts To Trump Populism But Still Aids The Rich
(DBN)

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Economy:

Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.2% in April BLS: CPI Increased 0.2% in April; Core CPI increased 0.2% YoY Measures of Inflation: Services, Goods and Shelter Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021
(DBN)

Most Americans Say They Hope They Die Before 100 as Retirement Costs Surge
(DBN)

Worried About the Economy, America’s Small Businesses Are Reducing Investment and Hiring, Survey Shows
(DBN)

JPMorgan lowers its recession odds as Trump strikes a temporary deal to drop tariffs on China
(DBN)

Trump calls on Fed to cut rates, saying prices of 'practically everything' are down
(DBN)

Trump tariffs have little impact on prices so far, defying grim forecasts Inflation Hits Lowest Level In 4 Years Despite Tariff Chaos
(DBN)

NY Fed Q1 Report: Change in Household Debt Balances Mixed; Student Loan Delinquencies Rise Sharply
(DBN)

Small business optimism declined in April US Small-Business Optimism Declines for a Fourth Straight Month
(DBN)

Fed to stay patient amid cooling trade war and inflation
(DBN)

Main Street optimism dropped as U.S.-China trade tensions ramped in April
(DBN)

Loss of dollar's role as world's dominant currency still far off, ECB's Knot says
(DBN)

‘The calm before the storm’: Prices drop slightly, but tariffs could push costs higher
(DBN)

April mostly escaped a tariff inflation surge, but summer outlook is worse
(DBN)

‘There Is No Rational Basis Behind What the President Is Trying to Accomplish’ How Trump’s trade war could end by June China's Xi slams "bullying," says there are "no winners" in trade wars China got the mutual respect it craves from the U.S., but the trauma for businesses is real U.S.-China tariff truce offers temporary relief — and plenty of uncertainty Did Donald Trump Lose China Trade War? 10 Experts Weigh In Higher Tariffs Here to Stay Despite Trade War De-Escalation? Trump's Tariffs Will Lower California's Revenue By $16 Billion Sony warns this year's profit won't grow at all due to tariffs Trump's trade war wins so far: More talk, uncertainty and deadlines
(DBN)

A 90-Day Tariff Window Spurs US Retailers to Restart Production
(DBN)

It’s Not Just a Feeling: Data Shows Boys and Young Men Are Falling Behind
(DBN)

‘We’re living in two separate economies.’ Why young Americans feel stuck, financially
(DBN)

Fewer people want to work in the U.S.
(DBN)

House Republicans’ proposal to cut SNAP spending would save roughly $300B
(DBN)

Republican tax bill would add $3.7 trillion to the national deficit: JCT House Republicans launch marathon hearings to push ahead with Trump's big bill Factbox-What's in the Republican tax and spending plan
(DBN)

Which Jobs Are Most Often Done Remotely? Asians Work From Home the Least Fathers' and Mothers' Desire to Work Remotely Differs
(DBN)

Are companies cracking down on remote work to get employees to quit?
(DBN)

In these parts of California, earning less than $100,000 makes you 'low income'
(DBN)

More Parents Reducing Support Of Adult Children, Thrivent Says
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

MBA: Mortgage Delinquencies Increased Slightly in Q1 2025
(DBN)

Mortgage demand from homebuyers continues to recover, even with higher interest rates
(DBN)

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

Insurance adjusters to testify they were pressured to cut payouts after hurricanes
(DBN)

Real estate titans 'hold their nose' and get behind Cuomo with big money
(DBN)

Auction date set for downtown San Diego’s Campus at Horton
(DBN)

AI is coming soon to speed up sluggish permitting for fire rebuilds, officials say.
(DBN)

Rent increases are driving overall inflation - but it's a lot more complicated than you think
(DBN)

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Municipalities:

D.C.'s DOGE recession is fast approaching
(DBN)

Bankrupt Chester’s rain-tax board got over $800,000 in illegal pay, receiver says
(DBN)

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Oil/Gas:

Goldman: Trump Wants Oil Prices in the $40-50 Range
(DBN)

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Crypto:

Trump Family Bitcoin Company Announces Plan to Go Public
(DBN)

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Retailing:

Rite Aid’s $355 Million Bankruptcy Bill Ends in Repeat Chapter 11
(DBN)

Target says self-checkout limits are popular with customers
(DBN)

Core retail sales up 7% year over year in April as consumers stocked up pre-tariffs
(DBN)

U.S. Lowers Tariffs On Parcels From China—Affecting Brands Like Temu And Shein
(DBN)

Walgreens closing dozens of stores across 17 states: Here’s where
(DBN)

Rite Aid closing 68 additional locations amid bankruptcy filing
(DBN)

Williams-Sonoma Moves A Step Closer To Buying Bankrupt Dormify’s IP
(DBN)

Kohl's plans refinancing with secured note offering
(DBN)

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Celebs:

Gérard Depardieu found guilty in sexual assault trial
(DBN)

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Religion:

Pope Leo XIV and President Trump are on a collision course
(DBN)

Pope Leo to maintain ‘active social media presence’
(DBN)

Pope Leo XIV may face a six-figure tax bill for his $33,000-a-month paycheck
(DBN)

Pope Leo's family tree shows ties to a prominent Creole family of color in Louisiana
(DBN)

Pope Gives a Blunt One-Word Reply When Asked to Send a Message to the U.S.
(DBN)

Pope’s MAGA Brother Compares Himself to President Trump
(DBN)

MAGA Attacks Church Over Donald Trump Rebuke: 'Funds MUST Be Pulled'
(DBN)

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Student Debt:

Student loan delinquencies surge as credit reporting restarts The number of student-loan borrowers falling behind on payments surged this year — and they're at greater risk under Trump's collections restart
(DBN)

NY Fed: Student loan borrowing trouble surged in first quarter
(DBN)

Student Loans Could Be Forgiven in Exchange for Volunteer Work
(DBN)

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Autos:

JLR Withholds Guidance as Carmaker Grapples With Trump Tariffs
(DBN)

Tesla's refresh to best-selling Model Y SUV starts on rocky road
(DBN)

Nissan cut plants and workers as new CEO Espinosa takes axe to costs Nissan shuts plants, culls jobs after worst loss in 25 years
(DBN)

US House Republicans seek to kill EV tax credit, loan program
(DBN)

US House Republicans seek to kill EV tax credit, loan program
(DBN)

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Logistics:

FedEx strikes new Amazon deal, says heavy and rural deliveries are money makers
(DBN)

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Tourism:

Foreign tourists scared away as US ‘puts up closed sign’
(DBN)

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Music:

Concert Ticket Economics: The Shocking Amounts Fans Are Paying Per Live Song In 2025
(DBN)

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Solar:

Thousands struggling to get solar panels fixed after company's bankruptcy
(DBN)

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Comic Books:

Diamond Seeks Bankruptcy Process 120 Day Extension To September 11th
(DBN)

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Private Credit:

Small Private Credit Loans Weakening Fastest, Moody's Says
(DBN)

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Consumer Protection:

US consumer finance watchdog proposes scrapping bad actor registry
(DBN)

CFPB rescinds 67 pieces of guidance
(DBN)

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Fraud:

$100 million New Jersey deli fraudster Peter Coker Sr. gets six months in jail
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Boy Scouts Beat Bankruptcy Plan Appeal Over Liability Shield Boy Scouts organization defeats appeals over $2.46 bln sex abuse settlement
(DBN)

Survivors share stories as Burlington Diocese declares bankruptcy
(DBN)

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Cross-Border:

Chapter 15 Case Demonstrates Its Effectiveness as an Expedient Judicial Solution for Singaporean Insolvencies in the United States
(DBN)

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Applicable Non-Bankruptcy Law:

"The Impact of ‘Applicable Non-Bankruptcy Law' in Chapter 11 Proceedings,"
(DBN)

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Appeals:

White Rabbit Bankruptcy Appeals: The (Unconstitutional) Jurisdictional Significance of Being Late
(DBN)

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Equity:

Equity Won’t Save You: Bankruptcy Court Rules that Principles of Equity Cannot be Used to Extend the Deadline to File a Dischargeability Complaint
(DBN)

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Valuation:

Appraisers Assess the Impact of Tariffs, Economic Worry on Valuations
(DBN)

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Plan Confirmation:

“Vesting” Property In Debtor At Plan Confirmation: What Does It Mean? (In re Marsh)
(DBN)

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Aviation:

United Air Warns Flyers of Reduced Newark Service Through Summer
(DBN)

The FAA is desperate to hire enough air traffic controllers. Here's what to know about the high-stress job that pays $160,000 on average.
(DBN)

Saudi Arabia's AviLease places order for up to 30 Boeing 737 MAX jets
(DBN)

More Americans embarking on road trips amid flying uncertainty
(DBN)

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Education:

Trump administration pulls $450M more from Harvard
(DBN)

Harvard Feud With Trump Escalates as US Punches Back at Garber
(DBN)

MIT, Yale Face Endowment Tax Hike While Notre Dame Scores Break
(DBN)

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Healthcare:

Stanford Department of Health Policy: When Healthcare Providers Go Bankrupt, Patients Pay the Price
(DBN)

This Republican has long wanted to overhaul Medicaid. Now he has to sell members on a compromise
(DBN)

Medicaid Cuts Could Add Millions to U.S. Uninsured Millions of Americans may lose health insurance under GOP tax plan. Here's who will be affected most. Medicaid work requirements would kick hardworking people off health care coverage, Senator says
(DBN)

What Do $880 Billion in Medicaid Cuts Look Like?
(DBN)

GOP makes biggest bet yet pairing Trump tax rates with Medicaid cuts
(DBN)

Why the 1 senator who can rein in RFK Jr. isn’t calling him out
(DBN)

Democratic governors blast GOP's "impossible" Medicaid proposal
(DBN)

Why work requirements for Medicaid "don't work"
(DBN)

Measles cases in Texas rise by eight to 717, state health department says
(DBN)

UnitedHealth CEO leaves abruptly, company pulls forecast as shares sink
(DBN)

Trump picked a wellness influencer to be surgeon general and it’s breaking MAHA brains I was surgeon general — Trump’s nominee is not fit for my old job Profanity-Laced MAHA Civil War Erupts in RFK Jr.’s Inner Circle
(DBN)

Trump administration cut $2.7 billion in NIH research funding through March, Senate committee minority report says
(DBN)

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Climate:

Extreme heat will make it feel more like August than May for Texas, parts of southeastern US
(DBN)

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Food/Beverage:

Beleaguered TGI Fridays has changed 85% of its menu in bid to extract chain from bankruptcy threats
(DBN)

House Republicans propose major reforms to SNAP Anti-hunger advocates slam House Republicans' proposed cut to SNAP
(DBN)

US egg prices fall for the first time in months but remain near record highs
(DBN)

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Consumer Finance:

Buy Now, Pay Later Explodes in Popularity Amid Economic Anxiety
(DBN)

Americans’ credit card debt falls, but past-due student loans drag on credit scores
(DBN)

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Crypto:

New SEC chair intends to write rules for crypto
(DBN)

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Agribusiness:

Farmers weigh Trump's trade war like they watch the weather, waiting to see how things go
(DBN)

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Non-Profits:

House Republicans look to help Trump strip tax-exempt status of nonprofits he says support terrorism
(DBN)

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Sovereigns:

India Rolls Over $50 Million Treasury Bill to Support Debt-Ridden Maldives
(DBN)

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UK:

Paul, Weiss Continues Restructuring Expansion in London
(DBN)

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Canada:

A 355-Year-Old Document That Helped Create Canada May Be Sold Off in Bankruptcy
(DBN)

Hudson Bay gets court approval to extend creditor protection to July 31
(DBN)

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MENA:

Trump Surprised and Sidelined Israel Ahead of Landmark Middle East Trip Trump’s Gulf tour doesn’t bode well for Israel
(DBN)

Trump embraces isolationist worldview in Riyadh speech
(DBN)

Israel’s Netanyahu Vows to ‘Finish the Job’ of Destroying Hamas
(DBN)

Israel says deadly strikes on Gaza hospital targeted underground bunker Hamas military chief Mohammed Sinwar reportedly target of Israeli strike on Gaza hospital
(DBN)

American business titans greet Trump in Saudi Arabia
(DBN)

Trump inks ‘biggest arms deal in history’ with $142bn Saudi war chest… and sends major warning to ‘destructive’ Iran
(DBN)

Trump Says Saudis to Invest $1 Trillion, Touting Deals in the US
(DBN)

Saudi Arabia, AMD Plan $10 Billion Deployment of AI Gear
(DBN)

Trump to roll back US sanctions on Syria
(DBN)

Trump calls Iran the 'most destructive force,' vows it won't get nuclear weapon Iran says recent negotiations with U.S. useful, sanctions not compatible with talks
(DBN)

Why Trump Suddenly Declared Victory Over the Houthi Militia
(DBN)

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Germany:

Germany bans extremist 'Kingdom of Germany' group, arrests leaders
(DBN)

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Russia:

France urges new sanctions to 'suffocate' Russian economy
(DBN)

Zelenskiy Stands by Plan to Meet Putin in Turkey for Talks
(DBN)

Russian economy in worse shape than Moscow says, report for EU shows
(DBN)

Trump 'weakened' the West as Russian threat rises, warns former NATO boss
(DBN)

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Mexico:

US charges high-ranking Mexican drug cartel suspects with narco-terrorism
(DBN)

Mexican security chief confirms cartel family members entered US in a deal with Trump administration
(DBN)

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Singapore:

High Court orders Ng Yu Zhi’s bankruptcy trustees to accept $12m claim by defrauded investor
(DBN)

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South Korea:

Bankruptcy filings surge among 30s, 40s as property crash hits S. Korea
(DBN)

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India:

ICAI proposes special measures for insolvency resolution of defunct companies
(DBN)

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Australia:

‘Toxic and very dysfunctional’: Sydney adults-only resort slides into chaos
(DBN)

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