May 28, 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

Format For Mobile Device



Law:

Executive order against Jenner & Block is ‘doubly violative of the Constitution,’ judge says in ruling for firm
(DBN)

‘Absurd!’ Judge blasts Trump executive order targeting top law firm
(DBN)

Trump Allies Look to Benefit From Pro Bono Promises by Elite Law Firms
(DBN)

Skadden’s New Pro Bono Case Runs Counter to Trump on Immigration
(DBN)

How to implement AI at your law firm
(DBN)

Law Firm Tagged Over Fake Citations Quietly Deletes Blog Post Encouraging Lawyers To Use AI
(DBN)

Another AI Misuse Sanction
(DBN)

AI-hallucinated cases end up in more court filings, and Butler Snow issues apology for ‘inexcusable’ lapse
(DBN)

Gibson Dunn Further Strengthens Market-Leading Business Restructuring and Reorganization and Special Situations Practices With Return of Partner Andrew Cheng in Los Angeles
(DBN)

Kirkland Snags 20-Plus King & Spalding Mass Tort Litigators
(DBN)

K&L Gates Announces New Leadership Team
(DBN)

Ex-Law School Dean Sentenced To Nearly A Decade Behind Bars
(DBN)

Harvard, Law School Foreign Students Contribute More Than Revenue
(DBN)

Trump Pardoned Tax Cheat After Mother Attended $1 Million Dinner
(DBN)

Trump set to pardon reality TV stars Todd and Julie Chrisley of fraud and tax evasion convictions Reality show couple convicted of bank fraud gets let off Who Are Todd and Julie Chrisley? The Glamorous Reality Stars Trump Just Declared 'Free and Clean'
(DBN)

Trump's pardons highlight Justice Department's pullback from public corruption cases
(DBN)

Paramount board fears settling with Trump will open Pandora's box on bribery lawsuits
(DBN)

Ed Martin personally reviewed pardon application for Jan. 6 ringleader Stewart Rhodes
(DBN)

U.S. Justice Department pardon lawyer pledges 'hard look' at plot to kidnap Gov. Whitmer
(DBN)

In hiding in the US after a deportation order: ‘I have nothing here, but even less there’ Trump administration has ramped up deportations but is still far below pace it wants Trump admin asks Supreme Court to lift limits on deportations to 'third countries' Counting arrests, detentions and border crossings In deep-red Georgia, Republican pushes back on immigration crackdown
(DBN)

At Diddy Trial, Former Employee Expected to Describe Being Kidnapped Why Diddy trial witness Capricorn Clark is key to his racketeering and sex-trafficking charges
(DBN)

Mom sues after learning her missing son was adopted out of South Korea
(DBN)

2nd suspect surrenders in NYC 'crypto king' townhouse torture case
(DBN)

12 of the Most Sinful Cities in America, According to a New Report
(DBN)

Man shot at driver who refused to let him 'merge at the last minute' in traffic: Police
(DBN)

Manhunt launched for ex-police chief known as 'Devil in the Ozarks' after escape from prison
(DBN)

______________

Judges:

Judge accuses the Trump administration of 'manufacturing' chaos in migrant deportation case
(DBN)

Judge pleads with Trump administration for reason over rhetoric in deportation case
(DBN)

Judge scolds Trump admin for complaining about 'hardship' of giving migrants due process
(DBN)

AG refusing to follow order halting immigrant arrests is 'quintessential contempt': Groups
(DBN)

Majority ‘favors the president over our precedent’ in order allowing firings of independent agency leaders, Kagan says
(DBN)

Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
(DBN)

The FBI Decides What We Really Needs Right Now Is Another Investigation Into The Dobbs Leak
(DBN)

Trump assassination attempt suspect swatted down again by Judge Cannon
(DBN)

US Trial Judges Bring Originalism Classes to Texas Law Schools
(DBN)

Supreme Court rejects student's challenge to 'two genders' T-shirt ban
(DBN)

Alito wants more First Amendment protections for middle school students
(DBN)

Supreme Court spurns Native American religious claim over copper mine on sacred land
(DBN)

The sanction of a seven-day day suspension without pay of a circuit court judge was imposed by the Wisconsin Supreme Court
(DBN)

______________

Wall Street:

Stock futures are little changed as investors brace for Nvidia earnings
(DBN)

‘TACO’: Wall Street Mocks Trump With 4-Letter Code to Call Bets Against Him
(DBN)

______________

Layoffs:

At Veterans Affairs, plan for sweeping cuts tanks morale
(DBN)

Canada's Hudson's Bay retail chain to terminate more than 8,300 workers by Sunday
(DBN)

PeaceHealth to reduce workforce by 1%, freeze hiring
(DBN)

Top AI CEO foresees white-collar bloodbath
(DBN)

AbbVie's Allergan Aesthetics unit plots 202 layoffs after recent sales slide
(DBN)

Shuttered central Ohio biotech firm faces lawsuit from former employees over layoffs
(DBN)

Mass layoff hits Texas FedEx facility, hundreds losing jobs
(DBN)

______________

Autos:

Tesla Europe sales plunge 49% on brand damage, rising competition Tesla’s European dream is crashing harder than expected
(DBN)

Tesla shares climb as Musk pledges to be ‘super focused’ on companies ahead of Starship launch
(DBN)

Uber CEO Dara Khosrowshahi's son still hasn't gotten his license and uses ride-hailing instead. He's not alone.
(DBN)

____________

Tech:

Builder.ai's Shocking $450M Fall: Microsoft And QIA-Backed No-Code AI Darling Files For Bankruptcy After Creditor Seizure
(DBN)

Americans to business: Take AI slow and do it right
(DBN)

Tech firms betting big on AI agents face ‘tremendous’ ROI pressure: EY
(DBN)

The Self-Driving Truck Startup That Siphoned Trade Secrets to Chinese Companies - WSJ
(DBN)

Robot industry split over that humanoid look
(DBN)

Texas Tackles Tech: New Age Verification Law for App Stores
(DBN)

China and tariffs have wiped off $130 billion from critical chip firm ASML since peak value
(DBN)

Courts Are Quietly Taking Over the Internet
(DBN)

____________

Retailing:

Retailer At Home Prepares to File for Bankruptcy in Coming Weeks
(DBN)

Massive craft retailer Joann to shutter last of 500 stores this week after bankruptcy filings, dismal sales Joann Chapter 11 bankruptcy: List of all stores closing this month
(DBN)

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming
(DBN)

Retailers pummeled by Trump's trade war entertain more 'take-private' offers
(DBN)

AutoZone's stock extends pullback as rising costs lead to another profit miss
(DBN)

Williams-Sonoma CEO talks mitigating tariff impact: ‘We’ve been busy’
(DBN)

Walmart fined for shipping realistic toy guns to New York, violating state law
(DBN)

____________

Trucking:

70-unit Illinois carrier files for bankruptcy protection
(DBN)

____________

Weight-Loss:

Can a Prepackaged Bankruptcy Help WeightWatchers Shed Unwanted Debt Fast?
(DBN)

Just how many Americans are taking GLP-1s now
(DBN)

____________

Fraud:

AI is perfecting scam emails, making phishing hard to catch
(DBN)

Michigan police say Ford worker made millions stealing parts from plant to sell on eBay in years-long scheme
(DBN)

____________

Pharma:

Trump's drug price plan may hinge on Congress
(DBN)

____________

Transit:

NY Wins Bid to Stop US From Freezing Funds in Congestion Fight
(DBN)

____________

Solar:

Tax Bill to End US Reliance on China Solar Will Slow Green Shift
(DBN)

This Mississippi man is out nearly $100,000 after purchasing solar panels — only to find that they don’t work
(DBN)

____________


Economy:

Amazon's sprawling warehouse robot factories offer a glimpse into modern US manufacturing
(DBN)

US business spending on equipment softening as tariff uncertainty persists
(DBN)

Why Obama's former budget director is now sounding alarms about debt
(DBN)

The warning in wild bond moves
(DBN)

'Unsustainable fiscal situation': Wall Street braces for more bond market turmoil as Trump tax bill stirs up deficit concerns
(DBN)

Fed’s Barkin Says Firms on Hold Amid Elevated Uncertainty
(DBN)

Consumer sentiment jumps after U.S.-China trade truce US Consumer Confidence Jumps Most in Four Years on Trade Truce
(DBN)

America is entering an era of crystal-clear prices
(DBN)

US and EU Race for Trade Deal With Six Weeks Left Until Truce Expires Trump Lauds EU for Speeding Tariff Negotiations After Threat Trump claims victory over EU in 50 percent tariff standoff Trump advisor Hassett says ‘we don’t want to harm’ Apple with iPhone tariffs Trump's tariff blitz prompts 'firefighting' response from Fed researchers Temu parent is using coupons, lower fees to eat some costs of Trump's tariffs As Trump hits E.U., phone makers with fresh threats, here's where all his tariffs stand now Trump's new tariff threats may shake stocks' rally as investors brace for a long, hot summer Even with a 25% tariff, iPhones would be cheaper to make abroad than U.S., says Morgan Stanley Why Goldman Sachs says tariff price hikes won't trigger an inflation surge Tariffs impacted earnings across manufacturing in Q1 Southeast Asia Leaders Make a Veiled Jab at US Tariff Actions Swiss Exports to US Plummet in First Month of Trump Tariffs Experts advise manufacturers to ‘keep it calm, keep it cool’ as tariffs drive uncertainty
(DBN)

Trade wars are still disrupting the economy - business investment saw the biggest drop in 6 months
(DBN)

Trump's tariff revenue has already topped $22 billion in May
(DBN)

The Silver Tsunami Is Keeping the US Economy on Track
(DBN)

Republican Senator Rand Paul says he’ll oppose Trump until $5 trillion national debt hike is scrapped
(DBN)

Trump: America is looking to build tanks and computers not socks and T-shirts
(DBN)

The most—and least—expensive U.S. states based on the median monthly costs of essential household bills
(DBN)

I spoke my mind on an anonymous office survey. Then my boss weighed in.
(DBN)

Thousands of retirees may soon see Social Security checks docked by 15% as Trump admin resumes collections
(DBN)

The New Dream Job for Young Men: Stay-at-Home Son - WSJ
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Mortgage rates rose to the highest level since January
(DBN)

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

Fannie and Freddie Are Now Explicitly Guarantied
(DBN)

Case-Shiller: National House Price Index Up 3.4% year-over-year in March
(DBN)

Luxury Pending Home Sales Fall 10% to Lowest April Level in Over a Decade as Stock Market Volatility Sidelines Wealthy Buyers
(DBN)

Home prices in the biggest 20 markets decline for the first time in over two years. Here's where they're expected to fall the most.
(DBN)

Lord Abbett Faces Over $60 Million Loss on $233 Million Kansas City Office CMBS After Loan Sold at Steep Discount
(DBN)

As Florida’s housing market cools, sellers are now getting squeezed — but it’s no buyer’s paradise either
(DBN)

Bankruptcy judge dismisses Banyai’s attempt to block town’s property claim
(DBN)

____________

Oil/Gas:

Citgo auction deadline extended until June 2 as legal uncertainty clouds bidding landscape US judge extends topping period in Citgo parent’s auction until June 2
(DBN)

How a 101-year-old San Antonio company began climbing out of bankruptcy
(DBN)

The Oil Market Has a Bigger Problem Than a Slowing China – India
(DBN)

____________

Education:

Krugman: The Economic Consequences of Destroying Harvard
(DBN)

Trump administration moves to cut $100 million in federal contracts for Harvard
(DBN)

Trump figured out how to hit Harvard where it really hurts
(DBN)

University of California Is Next Target of Trump’s Antisemitism Probe
(DBN)

US Orders Halt in Student-Visa Interviews Before New Vetting
(DBN)

How the tax bill could change the way colleges operate
(DBN)

Vouchers as Tax Credits Fail to Deliver on School Choice Promise
(DBN)

____________

Agribusiness:

As land and almond prices fall, more San Joaquin Valley farmers face bankruptcy
(DBN)

A Flesh-Eating Parasite Is Advancing Toward the U.S.
(DBN)

____________

Politics:

The Attack on Knowledge
(DBN)

Musk blasts Trump's spending bill for 'undermining' DOGE and claims D.C. treated them as 'whipping boys' | Daily Mail Online Elon Musk criticizes Donald Trump’s ‘big, beautiful’ tax bill
(DBN)

Trump is ‘remarkably like’ 1930s far-right regimes, billionaire investor warns
(DBN)

Trump targeted Democrats over questionable online fundraising. His campaign has similar issues
(DBN)

Democrats stuck in political ‘wilderness.’ Will they pivot to the center in 2026?
(DBN)

Obama's female secret service staff caught in brawl outside his $8m DC mansion Secret Service Officers Suspended After Fight Outside Obama Home
(DBN)

Within Pete Hegseth’s divided inner circle, a ‘cold war’ endures
(DBN)

Trump's 5-step push to keep GOP control of the House in '26
(DBN)

Trump Threatens California Funding Freeze Over Trans Athletes
(DBN)

Fox's Levin Compares Trump's Talks With Iran to Appeasement of Hitler
(DBN)

____________

Bankruptcy Crimes:

Kanawha County Man Sentenced for Withholding Information in Bankruptcy Case
(DBN)

____________

Travel:

Relying on reviews to plan your vacation? Here’s how many fake ones Tripadvisor found in 2024
(DBN)

____________

Privacy:

U.S. Senators Introduce Bill to Safeguard Genetic Data Privacy After 23andMe Bankruptcy
(DBN)

Major Hack Exposes 184,000,000 Apple, Google, Microsoft Accounts
(DBN)

____________

Celebs:

Michael Vick battles haunting legacy and reveals deepest regret after $120M bankruptcy saga
(DBN)

50 Cent gets a green light to seize a former employee's home, then gets back to mocking Diddy
(DBN)

____________

Food/Beverage:

Buca di Beppo Clarifies Previous Bankruptcy Filing Report, Claims It Embarked on ‘Next Chapter’ With Partnership
(DBN)

____________

Steel:

U.S. Steel situation gets even stranger US will have golden share in Nippon Steel's takeover of US Steel, US senator says
(DBN)

____________

Comic Books:

Diamond Tells Publishers About Outstanding Invoices & Future Payments
(DBN)

Diamond Comic Distributors Wants To DIP Into Their Loan, Again
(DBN)

____________

Horticulture:

Everde Growers Emerging From Chapter 11 Bankruptcy
(DBN)

____________

Climate:

Get ready for several years of killer heat, top weather forecasters warn
(DBN)

____________

Tourism:

With fewer overseas tourists visiting the U.S., economic losses may be ‘staggering,’ research finds
(DBN)

____________

Banking:

Uniform Special Deposits Act: An Illustration Of The Problems It Can Solve (Hopkins Hospitality)
(DBN)

Goldman-backed Starling Bank reports 26% profit drop as it flags Covid loan fraud issue
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

J&J’s Failed Talc Bankruptcy Puts Some Mass Tort Firms in Bind
(DBN)

Firm in Archdiocese of Baltimore bankruptcy case says stolen data was deleted after hack
(DBN)

____________

Cross-Border:

Purdue: Impacts on Cross-Border Restructurings
(DBN)

____________

Avoidance Actions:

Should Miller be Set Aside?  Observations from a Recent U.S. Supreme Court Decision Regarding a Trustee’s Power to Set Aside Fraudulent Transfers
(DBN)

____________

Aviation:

Brazil's Azul to file for Chapter 11 bankruptcy protection, Valor reports Brazilian airline Azul files for Chapter 11 bankruptcy protection in US
(DBN)

This country is fining impatient airplane passengers who stand up too early
(DBN)

American Airlines CFO says some travelers are avoiding Newark airport
(DBN)

Lenders plan fresh auction of defunct airline Go First's Thane land
(DBN)

SpaceX’s Starship explodes for third time in a row, Musk promises more frequent launches Musk's Starship Spins Out of Control in Brutal Metaphor
(DBN)

____________

Infrastructure:

Private Credit Eyes Gap in US Infrastructure as Federal Funding Dips
(DBN)

____________

Personal Genomics:

23andMe to voluntarily delist from Nasdaq, deregister with SEC
(DBN)

____________

Media:

Trump, '60 Minutes' and corruption allegations put Paramount on edge with sale less certain CBS Anchor Scott Pelley’s Anti-Trump Graduation Speech Goes Viral — MAGA Fans Lash Out
(DBN)

NPR sues administration over executive order cutting federal funding
(DBN)

____________

Healthcare:

They sued after their medical devices failed. But billionaire bankruptcy moves could mean they get nothing
(DBN)

Why Steward Healthcare, one of the biggest for-profit hospital operators, filed for bankruptcy
(DBN)

Steward Health Seeks to Impose Discounts on Top Bankruptcy Creditors
(DBN)

4-hospital system formed after CarePoint bankruptcy
(DBN)

Indiana hospital clinic to close
(DBN)

Alabama hospital closes
(DBN)

8 health system rating downgrades
(DBN)

Arch Therapeutics files for bankruptcy, as company accepts stalking horse bid
(DBN)

Heart Attack Or Panic Attack? Why Young Men Are Calling Ambulances For Unmanaged Anxiety
(DBN)

Why AI May Be Listening In on Your Next Doctor’s Appointment
(DBN)

CDC ends Covid vaccine recommendation for healthy kids and pregnant women
(DBN)

RFK Jr.’s Cuts to Anti-Tobacco Agencies Slammed by Health Groups
(DBN)

____________

Batteries:

U.S. Battery Production Set To Decline 75% Under Trump’s ‘Big Bill’
(DBN)

Li-Cycle’s quest to recycle lithium-ion batteries ends in bankruptcy
(DBN)

____________

Sovereigns:

Just like bankrupt Pakistan, these countries are also under massive debt, name at top of list will surprise you
(DBN)

____________

UK:

UK insolvency trade body R3 appoints new president
(DBN)

Commercial Court dismisses jurisdiction challenge based on Russian insolvency proceedings
(DBN)

65 people injured after Liverpool car ramming. Driver suspected of attempted murder
(DBN)

Liberal MP Moira Deeming says she may pursue John Pesutto's financial backers for court costs
(DBN)

____________

EU:

Krugman: A Letter to Europe - You’re stronger than you think. Act like it
(DBN)

17 E.U. countries sound alarm over Hungarian LGBTQ laws
(DBN)

NATO’s Rutte embraces 5 percent defense spending goal
(DBN)

____________

Canada:

Canadian aluminum trader blames bankruptcy on trade war
(DBN)

What to know about King Charles' Canada speech and how it relates to Trump Message from King Charles: Canada is the ‘true north ... strong and free’
(DBN)

____________

Russia:

The U.S. Reinforces Europe’s Northern Front, Fearing War With Russia
(DBN)

As Ukrainian POWs die in Russian prisons, autopsies point to a system of brutality
(DBN)

Former Russian president raises specter of World War III as rhetoric ramps up over Ukraine
(DBN)

USA and Russia clash in public as Ukraine war heats up
(DBN)

Zelensky Is Expected in Berlin as Merz Steps Forward as Key Backer of Ukraine
(DBN)

Putin said Russia needs to 'strangle' Western tech firms still operating in the country
(DBN)

Trump warns 'really bad things' will happen to Putin as invasion ramps up
(DBN)

Trump Warns Putin ‘Playing With Fire’ as Lawmakers Eye Sanctions
(DBN)

____________

MENA:

UAE Banks Federation welcomes approval of Bankruptcy Law
(DBN)

How is the new Gaza aid plan supposed to work -- and why are so many aid groups against it?
(DBN)

Israel believes Hamas has 40,000 fighters in Gaza, the same number as before the October 7, 2023 attacks
(DBN)

Trump cautioned Netanyahu to avoid steps that undermine Iran nuclear talks
(DBN)

Israeli troops fire warning shots as Palestinians overwhelm new Gaza food center
(DBN)

____________

China:

Country Garden gets more time for US$14.1bil restructuring Country Garden liquidation hearing delayed to August 11 as creditor talks continue Country Garden Bank Creditors Warn of Deal Breaker on Debt Plan
(DBN)

____________

BVI:

Residents are ‘one bad decision’ away from bankruptcy, Penn warns
(DBN)

____________

Ghana:

Restoring the economy: The role of the new corporate Insolvency and Restructuring Law
(DBN)

____________

Singapore:

Judge okays bulk of $32.1m claim by Ascendas against defunct Park Hotel Clarke Quay operator
(DBN)

____________

India:

Insolvency board revamps reporting of bankruptcy resolution process to ease compliance burden
(DBN)

Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRA
(DBN)

After the Resolution Plan: When “Final” Isn’t Final in Indian Insolvency
(DBN)

IBBI issues Guidelines for Insolvency Professionals to Act as Interim Resolution Professionals, Liquidators and Bankruptcy Trustees
(DBN)

IBC outlook FY25: Better recoveries, fewer liquidations, but slower resolutions – ICRA seeks reforms
(DBN)

____________

Singapore:

Helmsman details insolvency processes in Singapore amidst closure of oil, shipping firms
(DBN)

____________

Brazil:

Brazil’s Rio Alto Works With Debt Restructuring Advisers
(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 subptption 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 $75.00/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 phone or text us at 281-402-3957. You can email us 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