April 16, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Kirkland Lures Wachtell’s Top Restructuring Lawyer With An $80M Incentive To Jump ShipKirkland & Ellis set to poach top Wachtell distressed-debt lawyer
(DBN)

Kirkland’s Remarkable Growth Has Lit a Fire Under Its Competition
(DBN)

AI hallucinations cost lawyers $110,000 in Oregon vineyard lawsuit
(DBN)

Am Law 100’s gross revenue rankings show minor shiftsThe 2026 Am Law 100 Is Out, And Surprise: The Rich Law Firms Got Richer
(DBN)

Hogan, Cadwalader Partners Approve Largest Law Firm Merger
(DBN)

Vault ‘Quality Of Life’ Rankings: The Best Law Firms To Work For In America (2027)
(DBN)

New Law School Rankings Trigger T-14 Controversy
(DBN)

Rankings Drama Hits Law Schools, Law Firms
(DBN)

Federal Judge Allows Malpractice Lawsuit Against Winston & Strawn LLP Over Bank Startup Advisory
(DBN)

Lawyers should alert clients that AI prompts can be used in court
(DBN)

California attorney who tried to help overturn 2020 election loses law license
(DBN)

Prominent New Orleans attorney disbarred; forged signatures on divorce documents cited
(DBN)

A Wall Street law firm is betting on software for clients to do their own legal work
(DBN)

Berkeley Law dean Chemerinsky extends contract, citing ‘unprecedented moment’ in history of democracy
(DBN)

Lawsuits claim AT&T's CEO saw the relocation mandate as a way to replace older workers with younger ones
(DBN)

ICE deported 442k people in fiscal year 2025House opposes Trump on immigration with move to help HaitiansLongtime courtroom interpreter detained by ICE says she worked in U.S. legally for decades: "You can't sleep because you're afraid"'Grave constitutional violations': DHS agents violated engineer's civil rights during violent 'abduction' while he was on his way to work, lawsuit says
(DBN)

Democrats seek to bar presidents from collecting settlement money from the government
(DBN)

Gabbard sends criminal referrals to DOJ for whistleblower and watchdog who helped launch Trump's first impeachment
(DBN)

'Real Housewives of Miami' star Lisa Hochstein turns herself in amid spying allegations
(DBN)

Tennessee tourist in hockey mask attacks stripper, cuts her hair, cops say
(DBN)

Son used fishing spear to impale father to death, then stole his Dodge Ram and fled: Cops
(DBN)

Woman pulled gun out of fanny pack and threatened to shoot children at park, police say
(DBN)

Uber driver killed when teen fired at the passengers inside his car: Prosecutors
(DBN)

Boyfriend says he killed men for smiling at girlfriend, making eye contact with her: Cops
(DBN)

14-year-old shot mom in the head after she asked him if he was 'r—ed': Defense attorney
(DBN)

Woman fighting with roommate about dog suddenly doused in gasoline and lit on fire: Police
(DBN)

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Judges:

BK DE: Passing of Judge John T. Dorsey
(DBN)

Misleading Solicitation to Creditors
(DBN)

BK SD WV: Court's AI Announcement
(DBN)

Trump Lawyer Selected for Appeals Court Pledges Independence
(DBN)

Justice Jackson chides Supreme Court conservatives over ‘oblivious’ pro-Trump emergency ordersJackson Says Court’s Emergency Orders Risk ‘Zombie’ Proceedings
(DBN)

Sotomayor vs. Kavanaugh? Sotomayor apologizes for criticizing Kavanaugh over ICE arrests, in rare public Supreme Court clash
(DBN)

Trump reminds Alito that RBG died on the benchTrump ready if any justices retire early, citing GinsburgTrump says he's 'prepared' to appoint up to 3 new Supreme Court justicesThe Senate Is ‘Prepared’ To Confirm A Supreme Court Justice — And Ted Cruz Might Be The Pick
(DBN)

GOP senator calls on House to impeach Boasberg after contempt hearings halted
(DBN)

Trump DOJ lawyer sanctioned for blowing off court orders: 'Compliance is not optional!'Another DOJ lawyer in hot water as judge rips his repeated 'failures' to comply as ordered
(DBN)

US govt. cites 'safety of Trump' in court plea to keep ballroom construction going
(DBN)

Conservative Judges Hiring Clerks Before 1L Exams Because Ideology Is The Only Grade That Matters
(DBN)

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Wall Street:

Stock futures are marginally higher following a record-setting day for S&P 500 and Nasdaq
(DBN)

S&P 500 hits new all-time high as investors shrug off Iran war oil price spikeStocks Approach Record High as Wall St. Looks Beyond WarS&P 500 and Nasdaq Composite close at fresh records as traders look past Iran war fears
(DBN)

‘Megadeals’ defy market fears and volatile geopolitics
(DBN)

Morgan Stanley profits jump 30% as Iran war drives trading boom
(DBN)

S&P 500 hits record high as markets surge back from Iran shock
(DBN)

Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post
(DBN)

Atkins Faces Ticking Clock as He Reshapes Rules for Wall Street
(DBN)

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Layoffs:

Snap is cutting 1,000 workers in the latest tech layoffSnap Is Laying Off 16% of Full-Time Staff as It Embraces A.I.
(DBN)

BBC Announces Plan to Cut Around 2,000 JobsBBC to cut one in 10 jobs in radical downsizing
(DBN)

Judson ISD school board approves 536 staff cuts
(DBN)

UnityPoint Announces 200+ Layoffs
(DBN)

Taboola lays off 100 employees, 5% of workforce
(DBN)

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Tech:

The first AI-era war is a "slopaganda" battle to control memes
(DBN)

Apple could win the AI race without running
(DBN)

Companies Just Learned a Brutal Lesson About Training AI to Do Human Jobs
(DBN)

The US Government to Ask Data Centers How Much Power They Use
(DBN)

Anti-data center vote in Wisconsin puts future AI projects on notice
(DBN)

The Deepfake Nudes Crisis in Schools Is Much Worse Than You Thought
(DBN)

The hidden menace behind Big Tech’s AI arms race: Meta, Amazon, and others are spending billions on hardware that’s worthless in 3 years, says CEO of Research Affiliates
(DBN)

The public sours on AI as Anthropic, OpenAI look to IPO and tech keeps spending
(DBN)

The FBI Just Recovered “Disappearing” Signal Chats From a Phone That No Longer Had the App
(DBN)

Ottawa 'very seriously' considering age restrictions for social media, AI chatbotsEU unveils age verification app as social media bans gain steam
(DBN)

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Climate:

Nature puts heat on blast as scorching temperatures in eastern US could smash records
(DBN)

A gas that causes climate change is bubbling out of reservoirs
(DBN)

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Culture:

How dating became an extreme sport for men
(DBN)

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Utilities:

Judge partially lifts litigation stay in PREPA bankruptcy to calculate value of bondholders’ claim.
(DBN)

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Convenience Stores:

7-Eleven expects to close hundreds of its stores in North America this year
(DBN)

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Horse Racing:

Hawthorne Set for First Race Day Since Bankruptcy
(DBN)

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Child Care:

Off-hand comment by Trump that White House tried to hide derailed GOP plans: report
(DBN)

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Hotels:

Berkeley hotel can't find buyer, lender urges court to OK foreclosure
(DBN)

Major European hotel chain files for insolvency with 125 locations affected
(DBN)

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Consumer Protection:

US Government Ends Lease For CFPB
(DBN)

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Radio:

Cumulus gets court approval to exit Chapter 11 bankruptcyCumulus Creditors Take the Keys in Court-Confirmed ReorgCumulus Restructuring Secures Fast-Track Bankruptcy Approval.
(DBN)

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Economy:

It's been a weird 24 hours for the FedJeanine Pirro’s Prosecutors Make Surprise Visit to Fed HeadquartersTrump Threatens to Fire Powell if He Does Not Resign From FedCan Donald Trump unseat Jay Powell as Federal Reserve chair?Krugman: Trump Wants Regime Change at the Fed
(DBN)

Wholesale inflation jumps to highest level in three years - but the news is not all bad
(DBN)

56% of Americans say everyday life is less affordable than last year
(DBN)

Here are all the ways the Iran war has affected the U.S. economy so far
(DBN)

War’s impact on firms goes beyond energy costs
(DBN)

Global disruption triggers non-payment, insolvency fears
(DBN)

White House budget chief Russell Vought won’t estimate Iran war cost in testimony
(DBN)

Trump administration set to launch tariff refund portal. Here's what to know.
(DBN)

5 Points on the Effort to Block Trump’s Latest Tariffs
(DBN)

Debt Alarms Ring as Countries Rack Up More Emergency Spending
(DBN)

Corporate America Aims to Preserve Profit Streak During War in Iran
(DBN)

As U.S. birth rate falls, Trump officials downplay contraception in family planning program
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Part 2: Current State of the Housing Market; Overview for mid-April 2026
(DBN)

Gov. Hochul proposes taxes on NYC homeowners who own second house worth more than $5M
(DBN)

America goes from roommates to boommates
(DBN)

Filing Alert: Skybound Properties Chapter 11
(DBN)

The under-the-radar cities where new college grads can get a good job - and even afford to buy a house
(DBN)

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Municipalities:

Detroit Set To Slam The Door On Its 13-Year Bankruptcy Saga
(DBN)

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Oil/Gas:

IMF Warns Of Potential Global Recession Amid High Oil Prices
(DBN)

Chevron executive suggests Americans should drive less amid high gas prices
(DBN)

Oil futures hold to tight range as hopes of peace deal between U.S. and Iran grow
(DBN)

Here's the 'biggest single reason' gas prices hasn't hurt consumers, according to JPMorgan
(DBN)

The US Oil Industry Doesn’t Want the Iran War Either
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Trump’s Go-To Justification for Contentious Decisions: National Security
(DBN)

Iran mocks Trump by posting AI video of Jesus throwing him into hell
(DBN)

Krugman and Richardson: How America Is Losing the World
(DBN)

Trump posts deranged new Jesus picture after furious backlashTrump skewered by onlookers for new AI post of himself with Jesus amid outrage: 'Deranged'Donald Trump messed with the wrong popeTrump posts 'Praise be to Allah,' a roast of the pope and an image of himself as Christ. Nope, not weird at all
(DBN)

Pope Leo's feud with Trump overshadows his spiritual homecoming
(DBN)

Iran Embassy in Tajikistan posts AI video of Jesus punching Trump in the face
(DBN)

The pope versus the president: how Leo became Trump’s fearless foe
(DBN)

Inside the Vatican bubble during a remarkable exchange between pope and president
(DBN)

Trump isolation deepens on world stage as allies rebuff, condemn
(DBN)

Dems file 5 impeachment articles against HegsethHegseth accused of war crimes in newly filed articles of impeachment
(DBN)

Dems file long-shot 25th Amendment bill targeting Trump
(DBN)

JD Vance heckled repeatedly in fiery clash at top MAGA eventVance heading to Iowa for midterm eventsCatholic bishops hit Vance with blistering response for criticizing Pope LeoJD Vance hit with withering fact check by famed priest: 'You can look all that up online''Something's up' after Vance's right-wing event appearance falls apart: campaign advisor
(DBN)

In 1960, fears over papal influence. In 2026, a president attacks a pope
(DBN)

Amid quarrel with pope, Trump strips Florida charity of funding to house migrant kids
(DBN)

Trump’s religious mocking, Iran war inject distractions from domestic policy
(DBN)

Mike Johnson delays FISA renewal vote after conservative revolt
(DBN)

Women snatch MAGA's megaphone
(DBN)

Senate plans to grill six Cabinet officials on Trump's budget
(DBN)

2028 buzz builds as shadow presidential primary takes shape
(DBN)

Greenland's prime minister says citizens 'don't feel safe' after Trump's threats
(DBN)

Spanberger counters false GOP claims of tax hikes: 'A desperate tactic'
(DBN)

MAGA Is Starting to Look Beyond Trump
(DBN)

Jared Kushner’s Mysterious Role in the Trump Administration
(DBN)

Talarico raises $27M for Texas Senate campaign
(DBN)

Epstein accusations fly in Senate after César Chávez Monument row
(DBN)

Blanche backs public hearings with Epstein survivors
(DBN)

David Ellison to Host Private Dinner ‘Honoring’ Donald Trump as Paramount Awaits Closing of Warner Bros. Deal
(DBN)

Labor Dept. Investigates Texts Among Secretary’s Family and Staff
(DBN)

Billionaires, dark money fuel questions ahead of 2026 midterms
(DBN)

Army Secretary shuts down social media accounts after post celebrating Duckworth
(DBN)

Leavitt says Interior will submit plans to begin construction of 250ft Trump arch
(DBN)

____________

Retailing:

Saks of Sh...
(DBN)

Major TV network ‘to file for bankruptcy’ after almost 40 years on air to overhaul more than $5billion in debtTV-shopping network QVC plans to file bankruptcy imminentlyEnd of an era?: US TV shopping network QVC to file for bankruptcyQVC Group slides after-hours on bankruptcy filing — QVCGA plunges 68% Wednesday night
(DBN)

Small businesses left scrambling after sudden bankruptcy of boutique hubBusiness owners forced out as the Painted Tree Boutique files for bankruptcy
(DBN)

The ’90s really are back. Barneys is getting a reboot.
(DBN)

____________

Private Credit:

Private credit funds faced a $20 billion redemption rush. Here are 3 charts showing how much investors got.
(DBN)

Goldman president warns private credit funds are not marketed properly
(DBN)

Private credit not only won't spark a financial crisis - it may be more stable than your bank
(DBN)

____________

Pharma:

CVS division enters Chapter 11 liquidation sale$250M stalking horse bid approved in Omnicare bankruptcy case
(DBN)

____________

Footwear:

Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in valueAllbirds stock dives after spike
(DBN)

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Solar:

Filing Alert: Freedom Forever Chapter 11Major residential solar installer files for Chapter 11
(DBN)

____________

Celebs:

Slutty Vegan Boss Pinky Cole Wants Bankruptcy Court to Seal Cash Secrets as $1.3M Debt Sparks Viral Chatter
(DBN)

NSYNC Singer Joey Fatone’s Bankruptcy Mansion Languishes on the Market at $7.9 Million—Years After He Was Forced To Auction It Off
(DBN)

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Agribusiness:

South Georgia Farmers Face Bankruptcy Surge
(DBN)

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Student Debt:

Treasury’s Deal To Take On Student Debt Collection Has The Education World Confused
(DBN)

____________

New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Texas Two-Step Spat Revival Deserves Supreme Court’s Attention
(DBN)

Jones Day Disqualified as Bankruptcy Counsel to R.T. Vanderbilt Unit Before Asbestos Trial
(DBN)

____________

Jurisdiction:

Rooker-Feldman: Justices to consider when federal courts may review state-court decisions
(DBN)

____________

Aviation:

Spirit’s Bankruptcy Exit In Flux as Jet Fuel Prices Surge Spirit Airlines could liquidate as early as this week, sources saySpirit Airlines Wants Out Of Bankruptcy Again — The U.S. Trustee Is Not Convinced
(DBN)

JetBlue founder Neeleman says airline is headed for bankruptcyJetBlue Founder Warns The Airline May Go Bankrupt This Year — And Says Nobody Will Buy It
(DBN)

EasyJet stock drops as Middle East conflict, fuel costs hit bookings outlook
(DBN)

Airline mega-merger story is all about Trump
(DBN)

How Airline Passengers Are Being Hit by the Jet-Fuel Crunch
(DBN)

____________

Healthcare:

MPT-Owned Hospitals Taken Over From Bankrupt Operators Face New Issues
(DBN)

Greenwood Leflore Hospital warns workers of mass layoffs ahead of expected closureGreenwood Leflore Hospital Files for Bankruptcy as It Works out Deal with UMMC
(DBN)

North Star in talks with four potential partners amid financial crisis; no comment offered on services impacted by restructuring
(DBN)

CEO resigns from bankrupt Palo Verde Hospital
(DBN)

Vance anti-fraud task force suspends 447 hospices in Los Angeles over more than $600M in suspected fraud
(DBN)

These 12 NJ hospitals are at risk of closing due to Medicaid cuts
(DBN)

NJ health officials spar with Hudson County hospital system
(DBN)

Caregiving is now so crazy expensive that it's financially devastating to most families, new research shows
(DBN)

'That's laughable!': Project 2025 architect called out in hearing over healthcare claim
(DBN)

Doc indicted for removing wrong organ, killing man, was still practicing medicine: Lawyer
(DBN)

____________

Golf:

LIV Golf on verge of losing Saudi funding as execs hold ‘emergency summit’Saudi Fund to Back Away From LIV Golf Under Mounting Financial Pressures
(DBN)

____________

Banking:

Banks’ soaring exposure to trading firms creating ‘inherent fragility’, warns S&P
(DBN)

Wall Street’s Big Banks Signal The Next Credit Risks
(DBN)

____________

Ticketing:

US jury finds promoter Live Nation monopolized concert ticketing markets
(DBN)

How the Live Nation verdict could affect concertgoers
(DBN)

____________

Tax:

Treasury Promises To Consider Bankruptcy Reporting Issues.
(DBN)

The tax-focused hedge fund craze taking over Wall Street
(DBN)

____________

Autos:

Pentagon held talks with Ford and GM about supporting weapons production
(DBN)

____________

Food/Beverage:

Denton County Brewing files bankruptcy
(DBN)

Steakhouse group 801 Restaurants files for Chapter 11 bankruptcy
(DBN)

____________

Fraud:

Nevada mom Haleigh Knight faked cancer diagnosis to scam more than $20K from victims
(DBN)

'SantaCon' organizer accused of pocketing more then $1 million earmarked to charitiesSantaCon organizer charged with wire fraud by New York federal prosecutors
(DBN)

Bankruptcy Trustee Alleges Brett McClafferty Used Company Funds for Personal Expenses, Senate Bid, and Image Repair
(DBN)

____________

Sovereigns:

Sovereign borrowers launch platform to amplify voice in debt talks
(DBN)

____________

UK:

Preferred bidder confirmed for insolvent steel group
(DBN)

Britain's Ofwat board split over approval for Thames Water rescue deal
(DBN)

Donald Trump warns he could rip up trade deal with UK
(DBN)

UK economy grew 0.5% in February, beating economists’ expectations by a long shot
(DBN)

____________

EU:

‘We Cannot Lose Sight of Ukraine.’ Europeans Promise More Aid to Kyiv.
(DBN)

____________

Canada:

Lytton was razed by fire. Some fear financial ruin is next for the tiny BC village
(DBN)

____________

MENA:

US sends thousands more troops to Mideast as Trump seeks to squeeze IranThe Battle of the BlockadesChinese oil tanker’s retreat from the Strait of Hormuz shows how Trump’s blockade is working Ship ‘Spoofing’ in Strait of Hormuz May Compound ConfusionIran’s Regime Has Changed—for the WorseU.S. and Iran inch toward framework deal to end war, U.S. officials sayIs Anybody Actually Winning Trump’s Iran War?Trump says China has agreed not to send weapons to IranIran-Linked Ships Slow or Stop as U.S. Blockade Is ‘Fully Implemented’Navy admits $240M drone was lost in Trump war 'mishap'Amid Trump's Blockade, Threat of Escalation Leaves Thousands of U.S. Forces on High AlertUS pivots to economic warfare on IranWhere US-Iran talks stand as ceasefire deadline looms
(DBN)

Israel Considering Cease-fire With Lebanon, Officials SayU.S. Puts Little Pressure on Israel to Stop Attacks on LebanonTrump says Israel and Lebanon leaders to hold talks after first high-level meeting in decades
(DBN)

Senate rejects effort to halt arms sales to Israel, but most Democrats vote to block them
(DBN)

Senate rejects 4th attempt to curb Trump's war powers in Iran
(DBN)

Iran war damaged as much as $58 billion of energy infrastructure, Rystad estimates
(DBN)

____________

China:

Americans grow a bit friendlier toward China
(DBN)

Pentagon ramps up planning of possible military ops in CubaTrump 'planning invasion of Cuba' as attack 'could be imminent'
(DBN)

The ‘Chinamaxxing’ meme shows the country’s soft power moment is here
(DBN)

China’s first-quarter GDP grows 5%, driven by industrial output
(DBN)

China shock 2.0: the countries feeling the ‘Chinese squeeze’
(DBN)

____________

Cuba:

U.S. suggests Cuba complicit in helping Russia fight Ukraine
(DBN)

____________

Mexico:

Sheinbaum’s War on Crime Faces a Grim Reckoning: 133,000 Missing
(DBN)

____________

Italy:

Trump and Meloni Split Amid Growing Dispute Over Pope and Iran
(DBN)

____________

India:

After a decade of bankruptcy law, top conglomerates Adani, JSW, Reliance, Tata emerge as biggest winners
(DBN)

India plans special NCLT bench for cross-border insolvency cases to speed up resolutions
(DBN)

Insolvency with Foreign Elements: Whose Law Should Prevail?
(DBN)

____________

Australia:

Strengthening oversight of Australia’s insolvency system
(DBN)

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