June 10, 2026

The Daily Bankruptcy News

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Law:

Boutique Firm Matches Milbank’s New Salary Scale
(DBN)

Biglaw’s Lockstep Partner Compensation Is Dying
(DBN)

Lawyers Sanctioned Over AI Use on Both Sides in Federal Case • Lawyers Barred for A.I.-Generated Citations to Fake Cases
(DBN)

AI’s Promise for Clients Isn’t Lower Bills, It’s Better Outcomes
(DBN)

AI Misuse Claims Complicate FTX Bankruptcy Proceedings and Settlement Talks
(DBN)

Burford Capital Expands Minority Investments in Elite U.K. and U.S. Law Firms Amid Regulatory Shifts
(DBN)

Sorry, Associates, But Those Knicks Seats Were Always Going To Clients
(DBN)

Herbert Smith Freehills Expands U.S. Presence with Strategic Merger in Texas Legal Market
(DBN)

Smart Lawyers Don’t Make a Career Move on Law Firm Name Alone
(DBN)

Gay Law School Dean Sues For Discrimination, Alleging He Was Fired Because He Married His Husband
(DBN)

Dead Lawyering Theory: Too Much Of Litigation Is Fake
(DBN)

Florida Businessman Sanctioned $2.2 Million in Legal Battle Over Miss America Ownership Dispute
(DBN)

Albertsons’ $10 Million Package for General Counsel Reflects Growing Executive Legal Influence
(DBN)

Prosecutor admits to accessing databases to spy on romantic rival
(DBN)

State supreme court vacates sanctions against retired NFL player’s defense counsel
(DBN)

Wills and trust attorney gets 20 years in prison for stealing over $500K from kids’ trust
(DBN)

I'm a lawyer who couldn't pay $100k for H-1B workers. Opportunities could open up again now the fee has been scrapped.
(DBN)

House passes $70 billion immigration enforcement bill • ICE detention center in Texas flagged for missing records, medical failures and wasteful spending
(DBN)

Trump will ask Supreme Court to revive $475M CNN suit
(DBN)

Trump Lawyers Keep Missing Easy Filing Deadlines… How Is This Hard For Them?
(DBN)

Salt Lake City lawsuit is latest against DHS’ plan to use giant warehouses to detain immigrants
(DBN)

Judge's scathing denunciation ought to sink Trump AG nominee in a single word • Todd Blanche Got The Attorney General Nomination. Getting Confirmed Is Another Matter.
(DBN)

How Trump Keeps Exploiting America’s Legal Loopholes
(DBN)

DOJ finds EEOC guidelines on workplace discrimination unconstitutional
(DBN)

Twist in Karmelo Anthony murder trial as jury told teen can be convicted of lesser charge for Austin Metcalf stabbing • Karmelo Anthony’s lawyer blames Austin Metcalf for his own death in shocking courtroom argument • Karmelo Anthony sentenced to 35 years for murder in Texas track meet stabbing • Track Meet Killer Karmelo Anthony Sobs as He's Shipped Off to Prison • Austin Metcalf’s family confront his killer Karmelo Anthony & tell teen ‘look me in the eye’ as he’s jailed for 35 years
(DBN)

Rob Reiner son seeks money from parents trust -- for his defense in their killings • A $200 million Boomer estate, millennial heir Nick Reiner, and the dark side of the Great Wealth Transfer • Nick Reiner’s former attorney, Alan Jackson, finally comes clean about why he suddenly quit murder case
(DBN)

Diddy ‘sexually assaulted’ child actor after jailed rapper ‘asked to talk to him about career opportunities in private’
(DBN)

Smirking teacher, 55, told student, 16, ‘I’m crazy about you’ as cops find 19,000 texts after she ‘sexually abused’ teen
(DBN)

California housewife has courtroom meltdown as she learns her fate for killing man in kinky sex act
(DBN)

Woman who brought friend to help her break up with boyfriend killed in double murder: Cops
(DBN)

Behavioral therapist kicked 5-year-old with autism in the head: Police
(DBN)

Mom told kids they were having 'sleepover' in car, then tried to kill them: Police
(DBN)

Woman systematically blew away roommates, shooting one at a time while reloading her gun
(DBN)

Man tells date he has a 'gift' for her, which turned out to be a gun and a kill kit: Cops
(DBN)

Man posed as delivery driver, fired gun through cardboard box at ex's new man: Police
(DBN)

Mom who 'forcibly dunked' someone else's 6-year-old underwater at a hotel pool avoids jail
(DBN)

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Judges:

Biglaw Partner Headed For The Federal Judiciary
(DBN)

2 GOP reps plan impeachment articles against judge who had in-chambers sex with top police officer
(DBN)

The campaign to overrule Obergefell
(DBN)

Trump DOJ alerts Judge Cannon to 'violation' of court order burying Mar-a-Lago report
(DBN)

'Counsel sincerely regrets the oversight': Trump lawyers beg judge not to sanction them
(DBN)

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Wall Street:

Dow futures slide 400 points as Trump says Iran has taken too long negotiating
(DBN)

Another sell-off for AI stocks sends Wall Street reeling
(DBN)

Citi’s Chew Sees Aggressive Short-Selling Positions in US Stocks
(DBN)

Wall Street’s IPO boom threatens era of shrinking US stock supply
(DBN)

Top Goldman Sachs executive opposed David Solomon’s backing of Kathy Ruemmler
(DBN)

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Layoffs:

Palantir cofounder says CEOs are pretending layoffs are about 'AI productivity' when they're not
(DBN)

Salesforce lays off employees in a new round of cuts
(DBN)

Sea’s Shopee cuts hundreds of developer jobs during pivot to AI
(DBN)

Casino operator closes more locations, cuts jobs
(DBN)

Mankato Clinic announces layoff of 100 employees
(DBN)

UVM Health cuts 142 jobs
(DBN)

Bausch + Lomb to lay off 119 employees at Kirkwood facility
(DBN)

UPMC lays off 200 workers, cuts another 300 open positions
(DBN)

Iowa lays off 200 workers as it contracts out IT management
(DBN)

Expeditors cuts 230 tech jobs in Seattle region, ending decades-long policy against layoffs
(DBN)

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Tech:

Wyoming’s data-center boom meets the ‘man camp’ backlash
(DBN)

JPMorgan Chase plans to deploy more powerful AI agents this year
(DBN)

The bull and bear cases for SpaceX
(DBN)

SBA's Kelly Loeffler predicts AI will fuel Main Street growth
(DBN)

Killing the mood: smartphones reduce birth rate, studies say
(DBN)

Argentina Moves to Legalize “Non-Human Corporations” Run by AI
(DBN)

Disaster Strikes When Meme Coin Pays Man to Tattoo Its Name on His Forehead, But They Misspelled It
(DBN)

If You Think AI Companies Are Unethical Now, Wait Until They Go Public
(DBN)

You Can Now Get a Religious Exemption From Using AI at Work
(DBN)

Mystery NASDAQ selloff adds tension into a make-or-break week for the AI trade
(DBN)

There is no AI boom without these workers. Meta just proved it.
(DBN)

NY FAIR News Act Passes in State Legislature
(DBN)

Musk’s xAI, SpaceX hit with class action over data center ‘nuisance’
(DBN)

Apollo and Blackstone’s Large Lending Model
(DBN)

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Sports:

As LIV Golf faces a Saudi funding cliff, CEO says to take PIF ‘at their word’ • Star ‘hoping’ for LIV bankruptcy after boss’ startling answer on status of final tournaments • LIV Golf Forced Into Cost-Cutting as Bankruptcy Fears Refuse to Fade
(DBN)

England World Cup fans face paying staggering £820 for parking spot to see Three Lions’ opening game in Dallas
(DBN)

New York has no appetite for World Cup fever just days before kick-off… US fans still see ‘soccer’ as a sport for kids • American boomers ask ‘Who’s Messi?’ as World Cup 2026 arrives
(DBN)

FIFA mass book hotel rooms at World Cup host – before being forced to cancel 75 per cent of them over lack of interest
(DBN)

A ‘rowdy’ Knicks watch party ends with 21 in custody and 5 officers injured
(DBN)

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Agribusiness:

Creditor foresees ‘storm clouds’ for Anderson Hay despite spending deal
(DBN)

Central Washington fruit giant files for bankruptcy, selling orchards
(DBN)

Rising fuel prices hit US farms as Iran war drags on
(DBN)

USDA Secretary Rollins calls Texas ag chief ‘unserious’ amid screwworm threat • New World screwworm confirmed in Texas dog; Central Texas vet shares what pet owners should know • The pest that could devastate the American cattle industry was in Texas, but now it’s in New Mexico, too
(DBN)

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Climate:

Wild temperature swings are becoming the ‘new normal’, EU agency says
(DBN)

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Economy:

51% of U.S. adults say the American Dream is out of reach for most people right now: CNBC survey
(DBN)

The May inflation numbers are due out Wednesday morning. Here’s what to expect
(DBN)

Inflation is set to top 4% for the first time since 2023 - and the Fed is back in the hot seat
(DBN)

Inflation anxiety erodes small business optimism, NFIB says
(DBN)

The Fed is going to have to rethink its global role
(DBN)

Kevin Warsh’s narrow path to success as Fed chair
(DBN)

The Fed might yet again take the punch bowl away
(DBN)

White-collar jobs are under pressure, but labor market fine
(DBN)

Krugman: Money and Machismo are Undermining America
(DBN)

Rising US debt leaves dollar’s valuation on shaky ground
(DBN)

Social Security retirement trust fund may be depleted in 2032, new trustees report finds
(DBN)

U.S. customs agency, trade judge to seek path to final tariff refunds • ‘You Win Nothing’: Judge Urges Trump Administration Lawyers to Stop Appealing Tariff Refund Order • Tariff refunds: Who could be impacted by Trump's new legal move • The $166 billion tariff refund question: Who actually gets paid back?
(DBN)

Every 2028 candidate needs a Social Security plan • Social Security Faces Insolvency in 2032, Medicare in 2033
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home sales surged in May to the highest level since December • NAR: Existing-Home Sales Increased to 4.17 million SAAR in May
(DBN)

Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates
(DBN)

Mortgage Delinquencies And Foreclosures Are Rising
(DBN)

Lender can foreclose on downtown Denver office tower, bankruptcy judge rules
(DBN)

Tenants left with questions as Green Terrace bankruptcy case moves forward
(DBN)

Houston: Silver Star Properties Files For Chapter 11 Bankruptcy
(DBN)

Portland’s Public Housing Agency Faces Bankruptcy
(DBN)

‘Rent Now, Pay Later’ Loans Target US Consumers Squeezed By Housing Costs
(DBN)

Pinnacle Tenants Bargain with New Owner Over Lingering Repair Issues—With Help From City Hall
(DBN)

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Oil/Gas:

Oil prices fall nearly 4% after U.S. Energy Secretary says Hormuz ship traffic is increasing
(DBN)

Oil prices jump after Trump says Iran will ‘pay the price’ for failing at peace deal
(DBN)

War Erases 1B Barrels of Cumulative Oil Supply from Market
(DBN)

Oil prices are defying a worst-case energy crisis - but workarounds won't last forever
(DBN)

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Private Credit:

What investors may be missing as the rush for the exits in private credit continues
(DBN)

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Politics:

Tracking approval and key issues • Trump approval stays near record low as most Americans expect higher gas prices • Trump approval mired near record low: Survey
(DBN)

Trump claims Iran peace deal imminent -- for 38th time • Trump thinks Iran deal 'still close' despite retaliatory strikes over downed helicopter
(DBN)

Donald Trump and granddaughter Kai smirk as President is brutally booed at MSG during Spurs-Knicks national anthem • Trump astounds analyst as his 'Manhattan project' blows up in his face • Stephen A. Smith fires back at Trump in Knicks beef: 'The brother wasn't awake'
(DBN)

UFC White House event to be staged at Lincoln Memorial as images released • White House will be closed to reporters during UFC fight — unless UFC lets them in • Trump Family, UFC Selling $12,000 'Freedom 250'-Themed Coins Ahead Of White House Fight Night • Dana White admits UFC White House card is under threat days before Ilia Topuria vs Justin Gaethje at Freedom 250
(DBN)

Trump family got about $500M from crypto venture — but investors saw steep losses
(DBN)

An Indian Billionaire Was Targeted by Trump. Then He Poured Money Into a Startup Secretly Backed by Donald Trump Jr.
(DBN)

Collins, McConnell: ‘Safe to conclude’ third reconciliation bill not happening
(DBN)

Decisive defeat finally shows Trump House GOP might not be on his side
(DBN)

Jeffrey Epstein’s former assistant Lesley Groff interviewed by House panel • Longtime Epstein assistant says she set up phone calls between Epstein and Trump
(DBN)

Some Jewish Republicans say Tucker Carlson threat diminished, others fear presidential run
(DBN)

They devoted their lives to serving the United States. Now the nation’s top military leader is sending the message that they’re not welcome
(DBN)

MAGA influencer torched for ‘harassing’ 86-year-old woman with false election fraud claim
(DBN)

Vance demands Justice Department probe of Minnesota officials as White House presses ‘war on fraud’
(DBN)

Gates Said to Have Hired Ex-Oversight Chief to Advise on Epstein Testimony
(DBN)

Ex-Epstein assistant needed a two-person escort to face grilling before the House
(DBN)

Insiders sound alarm as Pentagon loyalty purge goes off the rails: ‘Mass paranoia’
(DBN)

Democrats gamble on Trump playbook to flip key Senate seat • Platner to frame overtly negative campaign against Collins • The Democratic establishment begrudgingly moves to embrace Graham Platner • Why progressives are refusing to drop Graham Platner
(DBN)

Nancy Mace loses GOP primary for South Carolina governor • Navy admiral fired by Hegseth advances to runoff in Democratic primary for Mace seat
(DBN)

Nithya Raman: progressive who bested Spencer Pratt eyes Hollywood ending
(DBN)

Talarico leads Paxton by 3 points in Texas Senate race: Poll • AI-generated GOP ad has James Talarico singing 'trans kids' praise
(DBN)

In stunning vote, California's reddest county chooses Bay Area Democrat
(DBN)

Trump notches win in Nevada GOP House primary for Amodei’s seat
(DBN)

House Judiciary Committee says Biden is a 'third-party actor' with no say on audiotapes
(DBN)

Krugman: White rural voters are belatedly awakening to reality
(DBN)

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Software:

Fortress Co-CEO Warns of Defaults in Software-Linked Private Credit
(DBN)

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Banking:

FDIC outlines bank resolution overhaul and assessment cuts
(DBN)

Evaluating The FDIC’s New Direction
(DBN)

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Telecom:

Rural internet provider abruptly shuts down after bankruptcy filing, leaving customers without service • Rural Minnesota internet provider's abrupt shutdown under investigation • Attorney General Ellison issues consumer alert about Radio Link Internet's abrupt closure and filing for Chapter 7 bankruptcy
(DBN)

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Ratings:

Inflated ‘Private’ Ratings Are Masking Credit Risk, Columbia Study Says
(DBN)

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Prediction Markets:

Kalshi to deploy measures against insider trading
(DBN)

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Utilities:

US Power Use to Beat Record Highs in 2026 and 2027, EIA Says
(DBN)

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Fraud:

Prosecutors want Michael Hild to begin prison sentence next month
(DBN)

Columbia Bank Faces Suit Over Alleged $230M Ponzi Scheme
(DBN)

Companies aren’t prepared for how AI is accelerating impersonation attacks
(DBN)

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Gambling:

Primm is a spooky shell of its former self. But the gambling oasis may have found a savior
(DBN)

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Textiles:

Keel Labs Files for Bankruptcy After Landlord Dispute
(DBN)

Top unsecured creditors owed over $21 million in Simply Interior Homes bankruptcy
(DBN)

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Consumer Protection:

Senate Democrats Introduce Bill To Automatically Fund CFPB
(DBN)

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Corporate Governance:

NYC Pensions Boss Says SpaceX’s Disregard for Shareholders Has ‘No Precedent’
(DBN)

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Private Equity:

Private equity founder Constantino ran firm in ‘drunken haze,’ ex-COO says
(DBN)

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  New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Law Firms Disqualified from NFL Concussion Settlement Over Dubious Parkinson’s Claims
(DBN)

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Arbitration:

State of New York sues ‘sham’ arbitration provider
(DBN)

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Jurisdiction:

Bankruptcy Court Authority & “Stuff . . . Tried By The Courts At Westminster In 1789” (Part 2)
(DBN)

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Appeals:

Timing Is Everything: Navigating Rule 8006(b)’s 30-Day Window in Bankruptcy Appeals
(DBN)

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Venue:

New Jersey Bankruptcy Court’s Asset-Based Venue Decision: Implications for Multi-State Corporations
(DBN)

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Pensions:

Yellow Corp. Judge Plots Course to Resolve Pension Fund Claims
(DBN)

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Reference Withdrawal:

Former Celsius Customers’ Motion to Withdraw Bankruptcy Court Reference Rejected by SDNY
(DBN)

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Aviation:

5 takeaways from airline CEOs’ biggest annual gathering
(DBN)

‘You can’t fly planes that are empty’: Airlines draw up cuts for ‘ugly’ winter
(DBN)

Another airline files for bankruptcy protection, cancels flights
(DBN)

Spirit’s Shutdown Is Reshaping Summer Flight Options. What Travelers Should Know Before Booking
(DBN)

Spirit Airlines, Port Authority at odds over LaGuardia flight sale
(DBN)

Boeing jet deliveries jump to 60 in May, 33% higher than last year
(DBN)

US airline fuel bill spikes 78% • Fuel price shock to widen product gap between US airlines
(DBN)

Air Canada pilot charged after allegedly flying without a proper license between 2009 and 2025
(DBN)

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Space:

Blue Origin’s Rocket Explosion Complicates a Return to the Moon
(DBN)

How SpaceX’s IPO ambitions ride on Starship’s path to Mars
(DBN)

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Media:

Texas Supreme Court signals it may weigh in on fight over who controls Infowars
(DBN)

Paramount seeks biz counterpart for Weiss at CBS News • CBS News boss Bari Weiss poised to oversee CNN editorial operations: report • Paramount C.E.O. Promises Editorial Independence for ‘60 Minutes,’ Lesley Stahl Says
(DBN)

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Autos:

May bankruptcy cases continue to deepen pool of potential BHPH customers
(DBN)

Filing Alert: Sundown Audio Chapter 11
(DBN)

How pandemic car shortages are still making new and used cars expensive
(DBN)

Stellantis tells owners of 1.3 million Jeeps to park outside over fire concerns
(DBN)

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Personal Finance:

Millions of grandparents are spending their retirements raising their grandkids - and it's taking a financial toll
(DBN)

Brides Paying “Witches” to Ensure Perfect Wedding Weather Amid Inflation
(DBN)

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Healthcare:

Bankrupt Alabama Hospital’s Closure Risks Disaster, Report Warns
(DBN)

‘A slap in the face’: YesCare nurses describe ongoing challenges of not being paid despite showing up to work
(DBN)

Former Alabama Corrections healthcare provider says it can’t pay pre-bankruptcy wages
(DBN)

Why you might not need to pay that medical bill
(DBN)

IVF: White couple gave birth to 'non-Caucasian' baby. Now doctor blamed for mix-up breaks his silence
(DBN)

Americans on Medicaid brace for strict healthcare rule that forces patients to pass new ‘sickness test’
(DBN)

Trump administration warns more than 500 hospitals to provide more price information or face fines
(DBN)

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Musical Instruments:

Filing Alert: Armadillo Enterprises Chapter 11
(DBN)

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Food/Beverage:

Major Carl’s Jr operator reportedly set to shutter, sell dozens of California locations • Fresh blow for California’s Carl’s Jr as iconic burger chain to close more stores
(DBN)

The White House blocked a study on alcohol consumption. This is what it said
(DBN)

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Summer Camps:

Jewish camp world rocked as major player in for-profit Jewish camping declares bankruptcy
(DBN)

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Retailing:

Court Approves Saks Global’s Bankruptcy Plan
(DBN)

Connecticut becomes second state to regulate dynamic pricing
(DBN)

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Sovereigns:

Governments Sell Bonds at Record Pace as Spending Soars
(DBN)

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UK:

Thames Water to pay $1 billion under creditor takeover deal
(DBN)

Court of Appeal Refocuses the s.238 Test: Identifying the Real Transaction
(DBN)

Insolvency Service shuts two more businesses exploiting UK business register for China-based clients
(DBN)

American Law Firms Outpace British Rivals in U.K. Revenue Growth
(DBN)

Epstein victim ‘had dinner with Andrew at Buckingham Palace and was at Beatrice’s 18th party’
(DBN)

What Rolling Back Brexit Would Mean for the UK Economy
(DBN)

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Canada:

Fired faculty and staff from Laurentian University's insolvency finally get their reduced severance
(DBN)

Canada's economy posts biggest trade surplus since before Trump's tariffs
(DBN)

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MENA:

Crew rescued after U.S. helicopter goes down near Iran
(DBN)

Trump officials privately worry ceasefire being used as cover for Iran attacks: report • Trump says Iran will ‘pay the price’ and claims they have ‘taken too long’ to agree to a deal • Trump says US ‘must’ respond after Iran shot down US Army helicopter near Strait of Hormuz • US launches strikes on Iran in response to downed Army helicopter • US, Iran attack each other over Apache downed near Hormuz Strait • Unmanned drone boat rescues 2 US crew members after helicopter downed by Iranian drone • Netanyahu and Trump are at odds over the war they started together
(DBN)

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Russia:

Russia threatens NATO with nuclear Armageddon as Putin faces 'strategic defeat'
(DBN)

The Ukrainian weapons boom catching Putin off guard • Ukraine builds cheap alternative to Patriot missiles
(DBN)

Ukraine drones target Moscow for 3rd consecutive day, mayor says, amid major attack
(DBN)

Putin’s forces ‘retreat from stronghold’ as Ukraine turns tide in brutal counter-offensive and recaptures 600km of land
(DBN)

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China:

A Mayor, Her Boyfriend and China’s Mysterious Propaganda Machine
(DBN)

China’s inflation split widens as AI, war stir up factory prices • China factory gate prices rise at fastest rate in 4 years
(DBN)

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Mexico:

Mexico’s gripe with US trade pact: South Korea has better deal
(DBN)

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India:

When insolvency is not a shortcut
(DBN)

Insolvency and Bankruptcy Code prevails over apex court rules in case of conflict: Supreme Court
(DBN)

Rewriting the Rules of Resolution: The Insolvency and Bankruptcy Code (Amendment) Act, 2026 and What It Changes
(DBN)

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