May 16, 2025

The Daily Bankruptcy News

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Law:

Top 10 Biglaw Firm Mandates Four Office Days For Attorneys — Starting Next Week
(DBN)

Jenner Says Justice Department Pulled Lawyer Security Clearance
(DBN)

Cutting Deals With Trump: Some Law Firms Win, Others Lose
(DBN)

US judge in Huawei criminal case questions Trump order against law firm
(DBN)

The President’s Orders Targeting Law Firms as Unconstitutional Bills of Attainder—Damning Lessons from the Past
(DBN)

Anthropic's lawyers take blame for AI 'hallucination' in music publishers' lawsuit
(DBN)

Partner Paydays Are WAY Up At This Biglaw Firm
(DBN)

DOJ’s New Biglaw ‘Conflict’ Policy: A Masterclass in Retaliation Theater
(DBN)

Restructuring partner Ned Schodek returns to A&O Shearman
(DBN)

Finance and Restructuring Head Peter Nelson Elected to Lead Dorsey & Whitney LLP
(DBN)

Simpson Thacher Adds Restructuring and Special Situations Capabilities in Hong Kong
(DBN)

Esteemed Lender and CMBS Special Servicer Attorney Christopher Fernandez Joins Troutman Pepper Locke as Partner
(DBN)

Legal Transformation: Why The Stakes Have Increased Dramatically
(DBN)

Harvard Law School bought a copy of Magna Carta for $27. Turns out, it’s actually an original
(DBN)

Anonymous FedSoc Snitches Needed For Super-Awesome Gossip-Based Lawsuit Against Law Review!
(DBN)

Three California Bar Exam Takers Were Scored on Others’ Work California Bar Grading Screw-Up Resulted In Several False Failures
(DBN)

Big Law’s Middle East Practices Hope for Trump-Fueled Surge
(DBN)

More lawyers report billable-hour pressures affect their mental health, survey finds
(DBN)

Political climate motivates prelaw students to apply, new Kaplan survey shows
(DBN)

AI Hallucinations Strike Again: Two More Cases Where Lawyers Face Judicial Wrath For Fake Citations
(DBN)

Florida Rejects Proposed Domestic Violence Sanction As Unduly Lenient
(DBN)

Second Chance Muffed In AI Misuse
(DBN)

Ethics Exam Leaked Early In Ironic Law School Twist
(DBN)

2025 Legal Industry Report
(DBN)

Smartmatic Accuses Fox, Rupert Murdoch of Destroying Evidence in $2.7 Billion Defamation Lawsuit Over 2020 Election
(DBN)

FBI folds the public corruption squad that aided Jack Smith's Trump investigations
(DBN)

Former FBI Director James Comey under investigation for post seen as a potential threat to Trump’s life
(DBN)

Trump’s Immigration Crackdown Clashes With Right to Due Process Mother Recognizes Detained Son in Video Shared By Matt Gaetz Green Card Holder Detained for Two Months Details 'Horrendous' Conditions An Iranian Student in U.S. Detention Makes a Hard Choice: Stay or Go Home Judge Dismisses ‘Trespassing’ Charges Promoted by Trump in Border ‘Defense Area’ Newark Mayor Baraka Could Face July Trial in Trespassing Case D.H.S. Requests 20,000 National Guard Members to Help With Immigration Crackdown Undocumented immigrant faces $1.82 million fine for failing to leave U.S. after 2005 removal order, documents show
(DBN)

America Is Having a Showboater Moment
(DBN)

Trump Argues Immunity in Fight With Truth Social Co-Founders
(DBN)

Marco Rubio’s Hard Line on Birthright Citizenship
(DBN)

Ed Martin publicizes ethics probe he says was wrongly disclosed
(DBN)

MO: Republicans Move to Overturn Abortion Rights Amendment After Voter Approval of Constitutional Amendment
(DBN)

FBI warns of AI voice messages impersonating top U.S. officials
(DBN)

SCOTUS rejects 5th Circuit’s narrow ‘moment of threat’ test to evaluate officer’s shooting of fleeing man
(DBN)

Menendez Brothers "Likely to be Released" On Parole: Legal Experts
(DBN)

Pregnant Cassie Ventura asks for break as Sean ‘Diddy’ Combs’ ruthless defense exposes her racy texts
(DBN)

After 40 Years, Conviction Vacated
(DBN)

Teen forced to live in dog crate, chained to padlocked bathroom and beaten for years: Cops
(DBN)

Accused killer Karen Read stars in Max docuseries—but why?
(DBN)

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Judges:

Settlements mount against law firm caught up in bankruptcy judge's secret romance
(DBN)

Obit: Hon. Theodor Charles Albert Jr.
(DBN)

Trump presses Supreme Court on birthright citizenship ahead of oral arguments
(DBN)

Are Supreme Court Justices ‘Afraid’ To Denounce Trump’s Attacks On The Judiciary?
(DBN)

Jackson summarizes Trump DOJ's birthright argument as "catch me if you can" Supreme Court Wary of Letting Trump Citizenship Curbs Start Barrett emerges as key vote in birthright case Justice Amy Coney Barrett skewers Trump lawyer during birthright citizenship arguments Barrett and Kavanaugh grill Trump lawyer on practicality of rolling back nationwide injunctions Supreme Court's Neil Gorsuch Praises Liberal Justice's Question in Hearing Sauer says DOJ "generally" follows court precedents Supreme Court weighs judges' power over Trump Several Supreme Court Justices Have Been Critical of Nationwide Injunctions Supreme Court weighs Trump plea to implement plan to limit birthright citizenship Justices Kagan, Jackson hammer Trump admin's effort to nix nationwide injunctions over EOs
(DBN)

Trump Solicitor General Hedges on Always Following Court Orders
(DBN)

The courts where nationwide injunctions are originating
(DBN)

Judge scoffs at Trump admin demand to 'blindly trust their word' in deportation case
(DBN)

Judge in Abrego Garcia case to review whether Trump administration can keep case details secret
(DBN)

Judge temporarily reinstates ABA domestic violence grants, finding US likely retaliated for protected speech
(DBN)

Judge Arrested by Trump Administration Fights Back With Trump’s Own Immunity Case Wisconsin judge pleads not guilty on charges of concealing undocumented immigrant
(DBN)

Supreme Court revives lawsuit over fatal Texas police shooting during traffic stop for unpaid tolls Supreme Court rules totality of circumstances must be considered in police shootings
(DBN)

Florida Judge Known For Inappropriately Timed ‘Dad Jokes’ Gets Put On Time Out Judge suspended for quips about defendant fathering children by different women, dad jokes
(DBN)

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Wall Street:

Stock futures rise as S&P 500 tries to extend rally to five days
(DBN)

S&P 500 rises for a fourth day, Dow adds 140 points
(DBN)

Smart Money Loses to Retail Crowd That Bet on Epic Stock Rebound
(DBN)

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Layoffs:

Klarna CEO says AI helped company shrink workforce by 40% (2,000 Jobs)
(DBN)

Microsoft layoffs hit its Silicon Valley workforce
(DBN)

Catholic Health lays off 1% of workforce
(DBN)

CBS News quietly trims staff ahead of expected mass layoffs at struggling parent company Paramount Global
(DBN)

Winnebago Industries Announces 200 Layoffs
(DBN)

Wells Fargo adds 159 more layoffs to previously announced Des Moines metro job cuts
(DBN)

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Politics:

Donald Trump's Approval Rating Reverses Course with Millennials
(DBN)

Stephen Miller re-emerges as an ‘untouchable’ force in Trump’s White House
(DBN)

Trump Envoy Watched Netflix Documentaries to Bone Up on World Affairs
(DBN)

Qatar's Gift to Trump Is Unsold Plane It's Been Trying to Dump for Years Has King Donald's Qatari private jet gift finally gone too far for MAGA? Don't hold your breath Trump's Qatari plane may not be able to leave US airspace without major upgrades Trump’s Air Force One Deal Sets Bad Example for Corporate Leaders How Air Force One stacks up to the Qatari 747, Trump's coveted 'palace in the sky'
(DBN)

Now Noem Wants Her Own Brand New $50M Private Jet
(DBN)

NOAA scrambles to fill forecasting jobs as hurricane season looms FEMA is “not ready” for hurricane season, internal agency review shows
(DBN)

Bruce Springsteen Lets Rip on 'Treasonous' Trump Administration
(DBN)

Pam Bondi, Marco Rubio at forefront of Trump’s controversies
(DBN)

Biden officials "awed" by Trump's rule-breaking Middle East moves
(DBN)

Mike Johnson Has Mountain to Climb to Pass GOP Tax Bill Trump megabill on thin ice ahead of key vote Trump budget package in danger as it hits GOP opposition
(DBN)

David Hogg Has 'Casual Relationship With the Truth,' Co-Vice Chair Warns
(DBN)

Democrat Edges Out Leading Republican in Texas Senate Race—GOP Poll
(DBN)

House Republicans and Democrats team up to kill Trump impeachment measure
(DBN)

Joe Rogan: Kanye West’s Hitler Song ‘Kinda Catchy’
(DBN)

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Religion:

Gen Z men are becoming more religious. The women, not so much.
(DBN)

Pope Leo’s Classmates Drew Ire of Church With Protest for Women
(DBN)

Albany diocese attempt to dismiss St. Clare's pensioners case rejected
(DBN)

What is canon law? Bishop Paprocki explains
(DBN)

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Agribusiness:

Deere Surges to Record on Optimism for Upturn in Farm Economy
(DBN)

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Economy:

US applications for jobless benefits hold firm as layoffs remain low despite tariff uncertainty Weekly Initial Unemployment Claims at 229,000
(DBN)

Industrial Production Unchanged in April
(DBN)

New York Manufacturing Activity Contracts for a Third Month
(DBN)

Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges
(DBN)

Fed's Powell: Time to reconsider monetary policy strategy, communications
(DBN)

Powell Signals 2020 Fed Framework Language on Chopping Block
(DBN)

Grocery inflation loses steam in April
(DBN)

US wholesale prices dropped 0.5% last month despite President Trump’s tariffs US Producer Prices Fell Unexpectedly in April as Margins Shrank
(DBN)

Business Inventories Rise at Slower Pace
(DBN)

Trump’s tax-cut draft masks the true, giant threat to US debt
(DBN)

JPMorgan Chase CEO Jamie Dimon says recession is still on the table for U.S.
(DBN)

JPMorgan, Apollo Executives Say US Could Dodge a Recession
(DBN)

Barclays no longer sees U.S. recession
(DBN)

Yardeni Cuts Recession Odds, Sees Economy Withstanding Tariff Fight
(DBN)

Hairdressers Highlight New Recession Indicator
(DBN)

Remote employees are lonelier, sadder, and angrier, survey finds
(DBN)

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings Trump Says US Will Set Tariff Rates for Other Nations in Weeks Small businesses face financial whiplash from Trump's changing tariffs on China Don’t be fooled by deescalation, says UBS, Trump’s ‘surgical increases’ on specific sectors are yet to come Trump to Keep 30% China Tariffs Till Late 2025, Analysts Say How 4 Small Business Owners Are Handling Tariffs on China Tariffs give 157-year-old chocolate maker Guittard a bitter taste How the U.S.-China trade war’s 90-day pause was 70 years in the making These States Are Most Vulnerable To Chinese Tariffs Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers
(DBN)

The CEOs of Fortune 500 companies are already beginning to plan for the worst
(DBN)

Los Angeles Votes for $30 Minimum Wage
(DBN)

America just imported a mountain of gold. Here's why that should scare you.
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

Average rate on a US 30-year mortgage rises to 6.81%, its highest level since late April
(DBN)

3rd Look at Local Housing Markets in April
(DBN)

U.S. Foreclosure Activity Increases Annually in April 2025
(DBN)

NAHB: "Soft Spring Selling Season Takes a Toll on Builder Confidence" in May Homebuilder Mood Darkens but China Trade Deal Offers a Bright Spot
(DBN)

The rich flocked to Florida. Then property taxes and condo assessments caught them by surprise
(DBN)

Here’s exactly how unaffordable today’s housing market is — and where it’s getting worse
(DBN)

Housing Shortage Hurting Middle-Class Americans Most
(DBN)

Sean 'Diddy' Combs Home Value Hits New High
(DBN)

Condo owners sue over New York skyscraper they say is riddled with ‘thousands of severe cracks’
(DBN)

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Municipalities:

Map Reveals Fastest-Growing Cities Across US
(DBN)

State bailout for California school districts comes with long strings attached
(DBN)

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Oil/Gas:

Krugman: Drill, Baby, Dr … Never Mind
(DBN)

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Retailing:

Retail sales slow sharply in April as pre-tariff spending burst reverses US retail sales rise slightly as tariffs start to curb demand Retail Sales Barely Rose in April as Consumers Lose ‘Will to Spend’
(DBN)

Walmart Warns It May Have to Raise Prices Starting This Month as Tariffs Are ‘Still Too High’ Walmart and Amazon prices are going up despite Trump’s China tariff reduction Walmart’s former U.S. CEO Bill Simon questions price hike plans, thinks retailer can absorb tariffs
(DBN)

Walmart Is Preparing to Welcome Its Next Customer: The AI Shopping Agent
(DBN)

CVS bids for Rite Aid stores, patient data in Pacific Northwest
(DBN)

Rite Aid to sell 1,000 stores to CVS, Walgreens and others
(DBN)

Dick's Sporting Goods stock tumbles as analysts question Foot Locker deal, note past failed retail mergers
(DBN)

Big Lots was ‘too expensive’ — the discounter’s new owner says
(DBN)

Aldi Expands U.S. Footprint by Acquiring Locations from Bankrupt Retail Chain
(DBN)

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Food/Beverage:

Noodles & Company increases projected closures, could shutter up to 21 locations in 2025
(DBN)

Harvest Sherwood declares bankruptcy, accuses Sprouts Farmers Market of driving it toward insolvency
(DBN)

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Utilities:

Much of U.S. at heightened risk for summer power outages, regulator warns
(DBN)

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Hotels:

Tariff troubles? Hotel CEOs talk trade policy’s impact on industry.
(DBN)

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Tech:

How one teenager uses AI
(DBN)

Terrorists Continue to Pay for Check Marks on X, Report Says
(DBN)

Elon Musk’s AI says it was ‘instructed by my creators at xAI’ to accept the narrative of ‘white genocide’ in South Africa
(DBN)

France and Spain Want to Impose Age Limits on Social Media Networks
(DBN)

The invisible tech revolution poised to make in-chat AI shopping real
(DBN)

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Travel:

Keep calm (but delete your nudes): the new rules for traveling to and from Trump’s America
(DBN)

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Tax:

GOP Tax Chair Says SALT Lawmakers Should Take $30,000 Limit
(DBN)

Trump's tax bill is Republicans' big, bloated, $4 trillion headache
(DBN)

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Banking:

Bags of Cash From Drug Cartels Flood Teller Windows at U.S. Banks - WSJ
(DBN)

U.S. preparing to relax big-bank capital rules
(DBN)

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Ride Hailing:

Uber's robotaxi chief says the company will still need human drivers, but their jobs will look very different
(DBN)

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Autos:

Nissan Plans to Shuts Plants After Worst Loss in Years Nissan Doesn’t Need a Savior to Get Back on Track, CEO Says
(DBN)

House plan calls for annual fees of $250 for EVs, $100 for hybrids, while ending $7,500 EV tax credit
(DBN)

Musk took leased cars back so Tesla could use them as "robotaxis." Instead, Tesla sold them
(DBN)

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Crypto:

FTX to distribute US$5 billion in next round of creditor payments
(DBN)

Coinbase says hackers bribed staff to steal customer data and are demanding $20 million ransom
(DBN)

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Transit:

NYC Commuters Face Travel Chaos After NJ Transit Workers Strike New Jersey Transit engineers, trainmen strike, stranding potentially 350,000 commuters How Much Do New Jersey Transit Engineers Make, and How Big a Raise Are They Seeking?
(DBN)

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Defaults:

S&P: Corporate defaults fall below long-term average despite tariff uncertainty
(DBN)

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Entertainment:

Yale Entertainment, Producer Of ‘Becky' Films & ‘The Kill Room,' Files For Bankruptcy
(DBN)

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Non-Profits:

YMCA emerging from Chapter 11 with court-approved recovery plan
(DBN)

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Hotels:

Occupancy Rate Decreased 2.3% Year-over-year
(DBN)

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Pharma:

Trump’s US Drug-Pricing Plan Would Cost the Rest of the World
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (Temporarily Unavailable new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Why US Bankruptcies are Rising Again
(DBN)

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Mass Torts:

Bayer seeks Roundup settlement, explores Monsanto bankruptcy
(DBN)

Buffalo Diocese meeting with priests to figure out how to pay $150 million sex abuse settlement
(DBN)

Oakland Diocese’s Bankruptcy Strategy Faces Resistance from Creditors Over Fee Withholding Proposal
(DBN)

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New Value:

Congress Codified The Ninth Circuit’s New Value Exception/Corollary To The Absolute Priority Rule For Individual Debtors: In BAPCPA?
(DBN)

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Discharge:

Ninth Circuit Bankruptcy Appellate Panel Declines to Extend Bartenwerfer to Intentional Torts
(DBN)

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Third Party Releases:

Slamming the Backdoor on Non-Consensual Third-Party Releases
(DBN)

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Aviation:

Alternative A stowed away (for now): Decision affirmed that Alternative A not applicable to claim treatment in SAS case
(DBN)

Air Belgium Bankruptcy Leaves Millions in Losses, ECTAA Calls for EU Airline Insolvency Reform ECTAA demands mandatory airline insolvency protection after Air Belgium collapse
(DBN)

Major airline holding flights to accommodate flyers with connections
(DBN)

US Justice Department to meet families of 737 MAX victims on Boeing criminal case
(DBN)

Second major airport hit with outage as ‘20 pilots unable to reach air traffic control for 6 mins while trying to land’
(DBN)

Krugman: Lessons From the Newark Debacle
(DBN)

The Mess at Airports Is Part of a Larger Pattern
(DBN)

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Education:

Northeastern college student demanded her tuition fees back after catching her professor using OpenAI’s ChatGPT
(DBN)

Penn State University proposes closing 7 commonwealth campuses
(DBN)

House panel advances bill to raise college endowment tax up to 21%
(DBN)

Judge greenlights racketeering lawsuit against Grand Canyon Education
(DBN)

Americans are divided over DEI programs on college campuses, an AP-NORC poll finds
(DBN)

Trump Administration Escalates Harvard Feud With New Justice Dept. Investigation
(DBN)

Harvard Paid Its Endowment Chief $6.2 Million, Ex-President Gay $1.4 Million in 2023
(DBN)

International college students bring billions to the US. Here's why that may change.
(DBN)

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Healthcare:

UnitedHealth shares slide as criminal probe report adds to investor fears
(DBN)

Pennsylvania bills would tighten oversight of private equity hospital deals
(DBN)

Shapiro visits Delaware County to tout hospital protection bills
(DBN)

St. Clare’s pensioners will get their day in court
(DBN)

House panel advances Medicaid cuts; hospitals urge lawmakers to 'alter course before it's too late'
(DBN)

RFK Jr. calls GOP Medicaid plans ‘not true cuts’
(DBN)

House committees advance reconciliation text with big impacts on healthcare
(DBN)

GOP tax bill raises Obamacare premiums. These families would be hit hardest.
(DBN)

Planned Parenthood Turns on Gavin Newsom
(DBN)

16 payers cutting jobs
(DBN)

A Pregnant Woman, Adriana Smith of Georgia, Is Reportedly Being Kept Alive Due to a Abortion Ban—Despite Being Brain Dead
(DBN)

Calley Means says he has "spiritual mandate" to reform U.S. health system
(DBN)

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Climate:

101 Degrees in May? Even for Texas, This Is Hot.
(DBN)

Krugman: Is This the Year We Doom Civilization?
(DBN)

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Student Debt:

Social Security Benefits to Be Confiscated for Nearly Half a Million People Older people in crosshairs as government restarts Social Security garnishment on student loans
(DBN)

Consumer debt delinquency surges to five-year high as student loan payments pause expires
(DBN)

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Sovereigns:

Greek warrant holders form creditor group as government plans buyback
(DBN)

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UK:

Macquarie asked Ares to take full writedown on Southern Water debt Macquarie Nears Deal With Southern Water’s Riskiest Creditors
(DBN)

How John Pesutto plans to pay back $2.3million legal bill with a GoFundMe campaign
(DBN)

North West had UK’s highest number of insolvency-related activities in April - R3
(DBN)

U.K.’s Bankrupt Unbound Still Owes Millions to Creditors
(DBN)

Britain says it’s talking with some countries to set up migrant return hubs
(DBN)

UK economy grows 0.7% in first quarter
(DBN)

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EU:

EU Wants More From U.S. Trade Deal Than U.K. or China Got
(DBN)

Trump Luxury Hotel Project in Limbo After Alleged Forgery by Serbian Official
(DBN)

NATO Issues Warning About Defense Spending Amid Threats from Russia, China
(DBN)

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Canada:

Canadian Tire to buy Hudson’s Bay stripe design, other intellectual property
(DBN)

Quebec Investors to Acquire Bankrupt Bus Maker Lion Electric
(DBN)

Canadian Home-Price Declines Accelerate Amid US Trade Tensions
(DBN)

Canada Factory Shipments Drop 1.4% in March
(DBN)

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Russia:

Zelensky Says Russia-Ukraine Talks Can Go Ahead Trump Undercuts Ukraine Istanbul Talks Before They Even Start Putin's no-show in Turkey throws Ukraine talks into disarray Donald Trump Ukraine Peace Plan Stonewalled by Putin
(DBN)

Ukraine Truce Prospects Dim as Calls for New Sanctions Grow
(DBN)

Russia Could Be Ready to Strike NATO in Two Years, New Report Says
(DBN)

Watch dramatic NATO vs Russia sea clash erupt as warplanes buzz Putin’s ‘shadow fleet’ vessel as it’s ordered ‘stop NOW’
(DBN)

Trump Says Nothing to Happen on Ukraine Until He Meets Putin Trump Wants Putin Meeting ‘Soon’ as He Heads Home From Mideast
(DBN)

Rubio Says No 'High Expectations' For Ukraine-Russia Talks
(DBN)

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Spain:

‘Creditors’ contests grow by 12% up to April
(DBN)

‘Trump Nightmare’ Fuels Record Exodus of Americans to Spain
(DBN)

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China:

China's Plan to Boost Birth Rates Is Paying Off—in New Zealand
(DBN)

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MENA:

Trump’s surprising new approach to Israel
(DBN)

Trump says "a lot of people are starving" in Gaza, as death toll from Israel's assault reportedly hits 53,000
(DBN)

Benjamin Netanyahu downgraded to spectator on Donald Trump’s Middle East tour
(DBN)

54 people killed in overnight airstrikes on southern Gaza city, hospital says
(DBN)

WHO Says Gaza's Last Cancer Hospital Stops Working
(DBN)

UAE Says To Invest $1.4 Trillion In US Over 10 Years Trump announces over $200 billion in deals with UAE, White House says
(DBN)

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Germany:

45% more people rejected at German border after checks were stepped up, minister says
(DBN)

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Hong Kong:

More than 900 bankruptcy orders issued in April
(DBN)

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