May 30, 2025

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Judges on Trump's war on Big Law: 5 explosive quotes from recent orders Here's where all the firms in the Trump-Big Law fight stand Trump 'gumboed' as law firms beat vindictive orders
(DBN)

Davis Wright Tremaine’s Chief Talent & Inclusion Officer Talks About Diversity After Trump’s Attack On Biglaw
(DBN)

Goodwin Procter Cuts Recruiter Contract After EEOC Criticism
(DBN)

What is DEI?
(DBN)

The Trump Deals Reverberate In Biglaw’s Relationship With Clients
(DBN)

Delaware Bankruptcy Attorney Gregory T. Donilon Joins Stevens & Lee
(DBN)

Burr Welcomes Shannon Humiston to Creditors' Rights and Bankruptcy Practice Group
(DBN)

Think new BigLaw associates are all making $225K? Think again, new NALP report says Associate Compensation Is More Than Just The Cravath Scale Biglaw Associates Should Hold Out Hope On Salary Increases
(DBN)

Summer Associates Rate Their ‘Dream’ Biglaw Firms
(DBN)

‘Whole lot of oddities’ excuse wrongdoing of lawyer with likely COVID-19 delirium, ethics referee says
(DBN)

Lawyers Using Generative AI Models Must Remember Their Training
(DBN)

The Real Error Is Human: AI Can’t Cure Carelessness
(DBN)

Lawyer Sanctioned $6,000 for AI-Generated Fake Legal Citations
(DBN)

A Utah lawyer was punished for filing a brief with ‘fake precedent’ made up by artificial intelligence
(DBN)

Open-source intelligence and why it has become vital to modern legal operations
(DBN)

ChatGPT creator isn’t liable for embezzlement hallucinations that journalist didn’t publish, judge says
(DBN)

A Solicitor General And An Asteroid Walk Into A Sexual Harassment Complaint… Stop Me If You’ve Heard This One
(DBN)

It’s A Good Time To Be A MAGA Lawyer
(DBN)

Partner sorry for calling Nazi architect a 'role model for lawyers'
(DBN)

Dan Bongino Promises Jeffrey Epstein Video to Prove ‘No One Was There But Him’
(DBN)

Internet can't believe Kash Patel is 5'9'': 'His cute little legs are dangling'
(DBN)

Trump Suffered ‘Mental Anguish and Confusion’ From ‘60 Minutes’ Kamala Harris Interview, Lawyers Claim in Bid to Deny Dismissal
(DBN)

Trump Announces Plan To Cancel NPR For ‘Bias,’ Is Immediately Sued For First Amendment, how Does It Go?
(DBN)

Federal Authorities Probe Effort to Impersonate White House Chief of Staff FBI probes effort to impersonate White House chief of staff Susie Wiles
(DBN)

Kash Patel Says He’s Prioritizing Social Media Mocking Trump Over ‘Child Sex Predators, Fentanyl Traffickers, Terrorists’
(DBN)

ICE Agents Ordered to Triple Number of Daily Arrests Trump administration shakes up leadership at ICE amid frustrations with arrest, deportation levels, sources say Mom in US for 22 Years Detained by ICE Despite Ongoing Visa Application Green Card Holder in US for 50 Years 'in Distress' As She Faces Deportation Nearly two dozen arrested outside Manhattan ICE facility after protests erupt into chaos Trump administration says it is working to return Guatemalan man who was deported without due process
(DBN)

Harvey Weinstein’s defense case begins in sex crimes retrial. Will he be a witness?
(DBN)

Lawmakers demand to know if 'heartbeat law' really keeping brain-dead pregnant mom alive
(DBN)

Who Is 'Mia'? Diddy's Former Assistant Alleges Sexual, Physical Assault
(DBN)

Judge finds man charged with stalking Jennifer Aniston is mentally incompetent to stand trial
(DBN)

Millennial divorce is here — and it's insanely expensive
(DBN)

Why lie? Max docuseries exams murderer who reportedly fibbed about killing few more people
(DBN)

Safari park owner arrested after cops find drugs, 300 animals in poor condition: Troopers
(DBN)

Girls fighting over 'making faces' at graduation party leads to teen being killed: Cops
(DBN)

'Habitual cemetery thief' stole items from graves to use as landscaping art at home: Cops
(DBN)

Man tried to run over his estranged wife outside Goodwill store then shot her: Police
(DBN)

Texas mom who hit baby to death 'out of frustration' because he was crying gets 30 years
(DBN)

Dad who left 6-year-old locked in hot car during Walmart run gets snippy in cuffs: Cops
(DBN)

Man allegedly shot his girlfriend in the head with a shotgun based on mistaken identity
(DBN)

'Not f—ing playing': Responding deputy killed by porch-sitting homeowner, cops say
(DBN)

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Judges:

The Cerebral Hercules and the Bankruptcy Hydra: How Judge Schermer Slayed a Multi-Headed Monster While Deep in the Heart of Texas (And What Any of This Lone Star State-Grecian Hero Analogy Has to Do With Just a Little Bit of Yiddish)
(DBN)

Do Bankruptcy Judges Belong in Chambers? Rethinking Inherent Civil Contempt Power in Bankruptcy Civil Contempt Power in Bankruptcy
(DBN)

Second federal court blocks Trump’s tariffs What you need to know about the court battle over Trump’s tariffs Appeals court temporarily reinstates Trump tariffs White House blasts rulings on tariffs: ‘The courts should have no role here’ What happens to Trump’s tariffs now that a court has knocked them down? Court blocks Trump tariffs: 5 takeaways Will There Be a Trump Tariff Refund?
(DBN)

Trump Slams Ex-Federalist Society Leader After Tariff Ruling
(DBN)

Record Party Divide 10 Years After Same-Sex Marriage Ruling
(DBN)

The Supreme Court May Not Step in and Save Trump’s Tariffs
(DBN)

GOP Lawmaker Says Trump Should Get A 3rd Term To 'Reset' The Courts
(DBN)

Judge suspended for driving to hospital to arrest defendant, making snarky remarks
(DBN)

Trump admin can keep immigrant locked up even though detainment 'likely' unlawful: Judge
(DBN)

President Trump Made History Last Week on the Supreme Court's Shadow Docket
(DBN)

President Trump Has to Obey the Constitution, But So Does Chief Justice Roberts
(DBN)

The Supreme Court wants to make it easier to build
(DBN)

'Scorned' judge who shot sleeping husband hoping it would be deemed suicide learns fate
(DBN)

Bondi Eliminates ABA’s Role in Vetting Trump Judicial Picks DOJ Ditches ABA Judicial Vetting Because ‘Being Qualified’ Is Too Woke
(DBN)

Massachusetts Supreme Judicial Court Allows Bullying Claims Against Court Administrators to Proceed
(DBN)

Arizona Supreme Court turns to AI-generated 'reporters' to deliver news
(DBN)

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Wall Street:

Stock futures slip as investors await more trade news and fresh inflation data
(DBN)

Explaining the newest Wall Street craze — the 'TACO' trade
(DBN)

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Layoffs:

Conservative furor grows over future of DOGE cuts
(DBN)

State Dept overhaul will cut thousands of jobs, push 'Western values'
(DBN)

Remote work has shifted how companies deliver layoff news
(DBN)

Houston-based Chevron to layoff nearly 800 workers in West Texas
(DBN)

Meyer Burger Closes US Solar Panel Factory in Arizona, Cuts 282
(DBN)

Business Insider to Slash 21% of Staff in Shift Toward AI and Live Events; Union Slams Layoffs as ‘Pivot Away From Journalism Toward Greed’
(DBN)

______________

Religion:

Presbyterian leader faces potential ethics probe for enemies list
(DBN)

____________

Healthcare:

How Health Became a Luxury Commodity
(DBN)

The MAHA Report Cites Studies That Don’t Exist
(DBN)

Medicaid cost-cutting measures passed by House to be scrutinized by GOP senators as they take up Trump agenda
(DBN)

Map Reveals States Where Americans Spend Most on Health Care
(DBN)

More Than a Million Americans Removed From Health Care Plan in One Month
(DBN)

Mom who sold daughter, 6, so her eyes and skin could be cut out and used for ‘medicine’ gets life in prison
(DBN)

RFK Jr. ended COVID vaccine recommendation for kids, pregnant women. What do facts show about risk?
(DBN)

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Military:

Hegseth guts the Pentagon's weapons testing office
(DBN)

____________

Tax:

Obscure Tax Item in Trump’s Big Bill Stokes Wall Street Angst U.S. foreign tax bill sends jitters across Wall Street
(DBN)

Tax Cuts On Social Security Benefits Face Huge Headwinds In Senate
(DBN)

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Economy:

Trump meets with the Federal Reserve chairman he has repeatedly scorned Trump, in private meeting, tells Fed's Powell it's a mistake not to cut rates Powell goes to the White House — and tells Trump the Fed will do its own thing on interest rates Fed Chair Powell met with Trump at the White House Thursday and told him rate decisions can’t be political
(DBN)

Treasury yields hold steady as investors await Fed’s preferred inflation gauge
(DBN)

Goldman's Waldron says debt now tops tariffs on bond traders' fear list
(DBN)

Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate
(DBN)

Most workers would need to work 2 or 3 lifetimes to earn what an S&P 500 CEO made last year
(DBN)

Map shows states with the highest increase in unemployment
(DBN)

Market Discipline Will Prevail In The U.S.
(DBN)

Corporate-Bond Sales Top $150 Billion In Busiest May Since 2020
(DBN)

China Reacts to Trump Tariffs Court Loss Bessent Says US-China Talks ‘Stalled,’ Pushes for Trump-Xi Call Certainty of ‘reciprocal’ tariffs better than confusing legal tussle Taiwan Says US Trade-Deal Push Still On Despite Court Ruling Federal appeals court slams breaks on sweeping order that blocked most of Trump tariffs Trump’s tariffs were one of his most unpopular policies before trade court blocked them, polls suggest Trump officials downplay court ruling that blocked sweeping tariffs Trade Court Did Trump a Favor by Zapping His Tariffs Trump’s Tariff Options Slower, More Complex If Court Fight Fails Trump Wins Tariff Reprieve as Trade Agenda Faces Rollback Oregon AG Rayfield on Next Steps In Trump Tariff Fight Trump tariffs still ‘pinch’ consumers even if trade court block holds: economist
(DBN)

Levi's Unveils New Pride Clothing After Refusing to Eliminate DEI Programs
(DBN)

Corporate Mentions Of ‘Diversity’ And ‘DEI’ Dropped 72% In 2025, Analysis Finds
(DBN)

Employers put a price on master's degrees. It's changing pay scales.
(DBN)

How porn and gaming sapped young men of their desire to work
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Average rate on a US 30-year mortgage rises to 6.89%, its highest level since early February Mortgage rates rise for third straight week, hover near 7%
(DBN)

Inventory Surges in Florida Paradise Destroyed by Hurricane Ian
(DBN)

South Florida Condo Sales Collapse as Market Suffers 'Real Pain'
(DBN)

Atlanta's Housing Market 'At Risk' as Demand for Homes Collapses
(DBN)

Pending sales within luxury housing market slow nationally
(DBN)

We’re all addicted to Zillow now
(DBN)

Pulte Sees No Scenario Where Trump Isn’t in Control of Fannie Mae, Freddie Mac
(DBN)

Home sellers face an ‘absolutely brutal’ market that’s tilting in buyers’ favor
(DBN)

The U.S. Housing Market Has Nearly 500,000 More Sellers Than Buyers—the Most on Record. That Will Likely Cause Home Prices to Fall
(DBN)

Number of Americans Selling Their Home Soars to Record High
(DBN)

Map Shows the 10 Most Affordable US Cities to Buy a Home in 2025
(DBN)

Creditor Takes Hit on Office-Backed CMBS Debt
(DBN)

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Climate:

Some Glaciers Will Vanish No Matter What, Study Finds
(DBN)

____________

Hedge Funds:

The Billionaire Odd Couple Whose Hedge Fund Is Killing It
(DBN)

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Private Equity:

Clearlake Takes Lender Blacklist to Extreme by Disqualifying Nearly 100 Firms
(DBN)

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Politics:

Trump posts meme saying he’s ‘on a mission from God’ featuring alt-right symbol Pepe the Frog
(DBN)

WSJ: President Trump Isn’t a King
(DBN)

Donald Trump Taking DOGE Lead After Elon Musk Exit
(DBN)

DOGE Has Failed To Halt Increases In Federal Spending
(DBN)

MAGA Rift Revealed as GOP Lawmakers Back Musk Over DOGE Cuts
(DBN)

The real reason DOGE failed isn’t what you think
(DBN)

The Most Sycophantic Things Republicans Have Done to Flatter Trump
(DBN)

VA-based DOGE associate gets ‘the boot’ after publicly discussing his work
(DBN)

The Conversations Trump’s Doctors Should Be Having With Him Trump Shows Signs of ‘Cognitive Decline’ Says Speech Expert Nearly half of Americans think aging Trump is lying about his health
(DBN)

Spicy AI-generated TACO memes are taking over social media because ‘Trump always chickens out’
(DBN)

New Study Reveals Why Trump Is So Popular Among Minority Voters
(DBN)

Kennedy Center VP says he was fired for 'Christian views'
(DBN)

Gallego says concerns about trans athletes are ‘legitimate’
(DBN)

Democratic anxiety rises amid Biden revelations, losses to Trump White House Calls on Jill Biden to Testify to Congress Over 'Coverup'
(DBN)

Will Trump’s Big Beautiful Bill Kill the Filibuster?
(DBN)

Federal Job Seekers Will Be Quizzed on Trump’s Executive Orders
(DBN)

Inside the scramble to keep FEMA alive ahead of hurricane season
(DBN)

____________

Tech:

Tilson Takes Steps to Position the Company for Long-Term Success Filing Alert: Tilson Chapter 11 Another major internet company files for Chapter 11 bankruptcy Portland IT firm Tilson files for Chapter 11 bankruptcy protection
(DBN)

Subpoenas issued before Builder.ai declared insolvency
(DBN)

The CEO of a top AI startup gave a stark warning about the tech's impact on the labor market
(DBN)

Mark Cuban says Anthropic's CEO is wrong: AI will create new roles, not kill jobs
(DBN)

The AI Experience Is Going From ‘50 First Dates’ to ‘Cheers’
(DBN)

New York Times agrees first AI deal with Amazon
(DBN)

A new Texas law mandates age checks on phones. It may be just the start.
(DBN)

Google as you know it is slowly dying
(DBN)

Germany eyes 10% digital tax on tech giants
(DBN)

____________

Broadway:

Broadway Sees Highest Grossing Season on Record
(DBN)

____________

Crypto:

Judge denies bail to crypto investor charged with kidnapping and torturing man in posh NYC townhouse
(DBN)

Trumpworld’s embrace of crypto should raise suspicion
(DBN)

SEC drops Binance lawsuit, ending one of last remaining crypto enforcement actions
(DBN)

Latest Bitcoin 2025 Twist is Turning Small Firms Into Crypto Juggernauts
(DBN)

____________

Retailing:

Best Buy joins Macy's and a rising number of companies lowering or ditching guidance amid tariff chaos. Here's the list.
(DBN)

An LVMH exec says the luxury giant can't jack up prices on 2 key products to cover the hit from Trump's tariffs
(DBN)

I Wanna Saks You Up
(DBN)

Temu and Shein Might Just Be Screwed
(DBN)

Gap Sinks on Tariff Outlook and Weakness at Smaller Brands Gap shares plummet as retailer says tariffs could cost between $100 million and $150 million
(DBN)

Costco Defies Tariff Volatility With Higher Profit, Lower Prices Costco tops earnings and revenue estimates as sales jump 8%, shares still dip
(DBN)

American Eagle issues downbeat quarterly guidance as earnings miss expectations
(DBN)

____________

Fraud:

Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case Goldman Letter Helps Sway Judge Who Sent Leissner to Prison
(DBN)

Legal Battle Emerges as Manhattan Firm Accused of Enabling $43 Million Ponzi Scheme
(DBN)

Former operators of troubled Mesa sports complex plead guilty to fraud
(DBN)

____________

Auto Repair:

Monro to close 10% of locations
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Advisers:

JPMorgan Builds Distressed Debt Niche to Rival Boutique Advisers
(DBN)

____________

Bankruptcy Research:

Chapter 11 of Family-Owned Firms
(DBN)

____________

Corporate Governance:

Court of Chancery Orders Specific Performance in Acquisition of a Company Approaching Insolvency
(DBN)

____________

Sales:

In Bankruptcy Sales, Value Maximization Preempts Technicality Enforcement (In re Parkcliffe)
(DBN)

____________

Aviation:

Exodus of Staff Adds to FAA’s Challenges - WSJ FAA Faces New Crisis over Elon Musk’s Mass Resignations, Leaked Documents Reveal
(DBN)

United And American Airlines Back Azul's Bankruptcy Plan
(DBN)

American Airlines Captain Declares Emergency, Diverts Plane back to Bradley International Airport after Assault of Crew Member
(DBN)

Why Elon Musk's SpaceX Starships Keep Failing
(DBN)

Musk’s SpaceX town in Texas warns residents they may lose right to ‘continue using’ their property
(DBN)

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says
(DBN)

____________

Tourism:

Hawaii Introduces Tourist Tax for People Visiting State
(DBN)

____________

Food/Beverage:

Bankruptcy Court Approves On the Border's Sale to Pappas Restaurants
(DBN)

Thrifty Ice Cream to Close Over 500 Stores Nationwide
(DBN)

Vegan Food Companies Grapple With High Costs, Slim Customer Pool
(DBN)

____________

Agribusiness:

Plenty completes restructuring, emerges from chapter 11.
(DBN)

____________

Student Debt:

Student borrowers' credit scores are taking a hit. Here's why that matters.
(DBN)

GOP plan with 30-year student loan payment term is ‘indentured servitude’: expert
(DBN)

____________

Education:

Harvard grads cheer commencement speakers who urge the school to stand strong
(DBN)

Harvard Picks Conservative Lawyer to Serve on Powerful Board
(DBN)

Trump Admin Tells Harvard to 'Change its Ways' As Judge Weighs Injunction
(DBN)

Judge sides with Harvard against Trump visa block
(DBN)

Chinese students anxious and angry after Rubio vows to revoke visas Harvard student fears visa loss as Trump administration targets international enrollment Chinese Students Ditch US Plans as Trump Vows Crackdown on Visas
(DBN)

Visas of Everyone at Harvard to Be Investigated by State Department
(DBN)

What to know as Trump ramps up his student visa crackdown
(DBN)

Trump’s latest visa clampdown is poised to blow a hole in college budgets
(DBN)

San Francisco Public Schools Reverse on Grading Equity Plan After Backlash
(DBN)

Colleges must give up federal funding to achieve true intellectual freedom
(DBN)

Break Up Columbia? Maybe, And The Rest Of Ivy League, Too
(DBN)

____________

Autos:

Tesla Investors Demand Elon Musk Works 40-Hour-Week
(DBN)

____________

Celebs:

Todd and Julie Chrisley reunite for first time in over 2 years after pardons
(DBN)

Denise Richards’ Husband Aaron Phypers Fights Creditor’s Attempt to Garnish Her Wages to Settle His $228K Debt
(DBN)

____________

Sovereigns:

Ghana making progress in discussions with remaining creditors Afreximbank tells investors Ghana up to date on loans, risking creditors’ ire Govt reaffirms commitment to fair debt talks under G20 Framework
(DBN)

Mozambique: Over 14% of state external debt held by China in March
(DBN)

____________

UK:

New IVA Protocol Launched to Shield Debtors
(DBN)

SRA sanctioned after £60m Axiom Ince catastrophe
(DBN)

Law firms' ‘legally illiterate’ trans letter to Prime Minister resurfaces
(DBN)

____________

EU:

Slovenia, Romania, Croatia see rise in insolvency rates in 2024
(DBN)

NATO Proposes Huge 50% Increase in Number of Troops: Report
(DBN)

____________

Canada:

Comms lessons from the Hudson’s Bay shutdown
(DBN)

____________

MENA:

White House submitted Israel-backed ceasefire proposal to Hamas
(DBN)

Israel Accepts Gaza Deal Restoring UN Aid as Hamas Remains Wary
(DBN)

Who Will Lead Hamas After Sinwar? Israel Eyes Next Targets
(DBN)

New Aid Site in Gaza Brings More Scenes of Chaos
(DBN)

Israel authorizes more settlements in occupied West Bank, sparking criticism as obstacle to Palestinian statehood
(DBN)

____________

El Salvador:

The shadowy rise of Donald Trump's favorite president: Nayib Bukele
(DBN)

____________

Mexico:

This California beach used to be filled with families. Now it’s deluged with Mexican sewage
(DBN)

____________

Russia:

Deal Maker or Duped? Trump’s Embrace of Putin Shows Few Results.
(DBN)

With Putin, Trump’s decision is often “two weeks” away
(DBN)

Nordic nations embrace total defense as the risk of sabotage and war rises
(DBN)

Zelensky Eyes Stunning Diplomatic Comeback
(DBN)

NATO Army Chief Sounds Alarm: 'The Threat Is Real'
(DBN)

Why Does Russia Propose Cease-Fires It Won’t Uphold?
(DBN)

Zelenskiy accuses Russia of 'another deception' by holding back peace memorandum
(DBN)

____________

Switzerland:

'I lost everything': Swiss residents in shock after glacier debris buries village
(DBN)

____________

China:

Trump-Xi Truce Under Threat After US Targets Chinese Students, Tech
(DBN)

____________

Singapore:

Jail for ex-lawyer who provided legal services while barred from practice due to bankruptcy
(DBN)

____________

India:

IBBI Issues Fourth Amendment to CIRP Rules, 2025
(DBN)

Insolvency board allows more flexibility in asset sale of bankrupt businesses
(DBN)

SC refuses stay on embattled edtech startup Byju’s insolvency case Supreme Court Issues Notice in Byju’s Insolvency Case on Appeals by BCCI and Director Riju Raveendran BCCI settlement: Supreme Court to hear Byju's insolvency appeals
(DBN)

IBC drives major behavioural shift in corporate credit culture: IIM-B study
(DBN)

Personal Guarantors: IBBI Addresses Gaps in Insolvency Process
(DBN)

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