June 11, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

GRRRRREAT News As Firm Announces Above-Market Salaries AND Special Bonuses
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Firm Matches Milbank’s New Salary Scale, Sealed With A Kiss…el
(DBN)

Salary Match Mania Continues At Elite Litigation Boutique
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Another Boutique Firm Beats Biglaw To The Punch On Associate Pay
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Elite Litigation Powerhouse Susman Godfrey Goes Above Market On Associate Pay
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Boutique Firm Raises First-Year Pay To $255,000
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Law Firm Salaries Surge Amid AI Integration, Defying Cost-Cutting Predictions
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Knicks NBA Finals Tickets Become Big Law’s Ultimate Client CardNavigating the Etiquette of Sports Ticket Requests in Legal Circles
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Latham’s Kelly forecasts private equity-fueled second-half surge
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Kennedys Law Firm Reports 9.1% Revenue Growth Amidst US Market Expansion
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Biglaw’s ‘Rising Tide’ Isn’t Lifting Every Partner’s Boat Anymore
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Big Law Equity Ranks Shrink to Make Room for $40 Million Pay
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Trouble For Midsize Law Firms: Is The Titanic Sinking?
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More courts are coming down on ‘non-offending counsel’ for AI missteps
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AI’s Role in Legal Transformation: Law Firms Embrace Technology to Enhance Efficiency and Competitiveness
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Meeting Clients Where They Are In An AI World
(DBN) Justice Department says agency guidance on worker civil rights is unlawful
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Majority of law school faculty self-censor, think legal education headed in wrong direction, new survey findsEven If Law Professors Are Self-Censoring, Let’s Not Rush To Any Conclusions About ‘Liberal Bias’
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Federal judge removes 4 plaintiff and defense attorneys over AI errorsCourt Sanctions Lawyers From Both Sides In The Same Lawsuit For Filing Briefs With AI-Hallucinated Cases
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Judges are losing patience with lawyers' AI mistakes
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Judge Rejects AI-Citing Attorney from Harvard Morgue Case, Raising Questions on Technology’s Role in Law
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‘Suffering Causes People To Make Mistakes,’ Says Prosecutor Who Used Cop Databases To Spy On Romantic Rival
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Trump signs $70 billion immigration funding bill after months of delayICE denies having a protester database. But a letter to Congress sheds more lightCan Anyone Say No to ICE?Report: ICE wasted millions, endangered detainees in largest immigration facilitySan Francisco immigration court shuts down, striking at heart of historic advocacyThe Supreme Court Hasn't Ruled On Birthright Citizenship. Trump May Be Deporting Newborn Citizens AnywayImmigration judge orders Columbia protest leader to be deportedUtah Court Clerks Charged for Allegedly Aiding Noncitizens Evade ICE: A Legal and Ethical QuandaryU.S. starts revoking visas allegedly tied to ‘birth tourism' networkA Haitian family waits, and prays, as the Supreme Court decides their future
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WSJ says Trump libel suit should be dismissed 'once and for all'
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DOJ official sought payout from Trump’s defunct slush fund
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Thousands of dollars poured into Karmelo Anthony fundraiser to be paid out after guilty verdict in Metcalf murderKarmelo Anthony appeals murder conviction
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Man took woman to Olive Garden after forcing her to marry him at gunpoint: Police
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Mom tried to help daughter stealing Disney pins avoid getting caught: Cops
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Man threatened to kill girlfriend and her family if she tried to leave his house: Police
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Man fuming over grass clippings on his car blows away landscaper who offered to fix it
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Man riding in back of pickup with 3 kids hurled to his death after driver guns it: Police
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Man strangled woman who got the promotion he applied for: Police
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California's new Hells Angels: Teens on e-bikes cut a path of danger
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They Tried to Catch a Predator. They Trapped Themselves Instead.
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Kids witness new stepdad shoot and kill their mom before fleeing in his Jeep: Police
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Violence prevention worker shoots man in the back after fight in gas station: Cops
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Judges:

United States Court of Appeals for the First Circuit-Bankruptcy Judge Position-District of MA at Worcester
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Amy Coney Barrett and Samuel Alito Sit Out Supreme Court Decisions
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When must justices recuse themselves over family members’ acts?
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Why the Supreme Court is debating which Founding Fathers were drunks
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Judge declines action on ‘weaponization’ fund while warning DOJ
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The Supreme Court Justice Who Ended Up Behind Bars
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The Supreme Court’s confusing use of “principles”
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Senators Press 8th Circuit Pick on His Vow Not to Hire Columbia Law Clerks
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Judge halts use of nitrogen gas for execution, citing cruel and unusual punishment
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Trump to Fill Fifth Circuit Seat as His Appointee Steps Back
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Judicial Nominees Affirm Biden’s 2020 Victory, Signaling Shift from Trump’s Influence
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Cornyn Bristles at Efforts to Impeach Judges Over Rulings
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Wall Street:

Stock futures rise as U.S. completes strikes against Iran
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Dow tumbles nearly 900 points, hitting session low into the close
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Unique SpaceX IPO is hedging challenge for Wall Street: ‘What are you going to do, short NASA?’Sen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governanceMusk Looks to an Army of Loyalists to Help Make Him a TrillionaireHere are all the red flags in the SpaceX IPOSpaceX IPO spurs Wall Street stress tests across market systemsHere’s that ‘SpaceX’s IPO is overvalued by 114%’ research in fullEuropean funds split on buying SpaceX over governance concerns
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Goldman CEO slammed by two lawmakers for standing by top lawyer Goldman Sachs Legal Chief Resigns Amid Scrutiny Over Ties to Jeffrey EpsteinKathy Ruemmler helps search for her own replacement as Goldman’s top lawyer
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Trump baffles Wall Street with top dealmaker praise for Citi
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Layoffs:

Xbox plans significant layoffs as it transforms under new CEO
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Texas school district plans nearly 250 layoffs as enrollment and funding fall
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Ubisoft Closing 2 More Studios Amid Further Cuts and Job Losses
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Celebs:

How These Child Stars From The '80s Lost So Much Of Their Money
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Shilo’s $11.89M bankruptcy heads to trial 11 years after a 2015 schoolyard fight
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Sports:

World Cup travel boost hasn’t materialized for U.S. businesses — yetWorld Cup players and officials are being detained or barred entry into U.S.World Cup team issues statement after players 'treated like criminals' in airport footage
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Healthcare:

‘I feel pretty encouraged’: Jackson Hospital, Blue Cross Blue Shield meet in federal court amid tight deadline to keep hospital afloat
(DBN)

Bankruptcy Judge Weighs Role in Jackson Hospital Reimbursement Dispute
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Rural health care crisis screams for more transparency
(DBN)

Why you might not need to pay that medical bill
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America’s doctors just voted for war with RFK Jr.
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US says it has boosted Ebola response funding by another $20 million
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Food/Beverage:

A Kentucky Distillery Filed for Bankruptcy With $34 Million in Debt. It Just Got a $16.7 Million Rescue Bid
(DBN)

Great Marsh Brewing abruptly closes, files Chapter 11 bankruptcy
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Restaurant went from ‘We are absolutely not closing,’ to closing plans real quickOn the Border closing locations nationwide after Pappas Restaurants takeover
(DBN)

Last-minute bankruptcy stalls defunct waterfront brewery sale
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Iran war ripple effects are increasing risks of acute hunger for millions, World Food Programme chief says
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Media:

Bari Weiss physically isolated from staff, hunkered down in locked sixth-floor office suite after '60 Minutes' bloodbath: report
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Labor:

20 House Republicans break ranks to join Democrats in passing pro-union bill
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Assisted Living:

3 years post-bankruptcy, Dallas CCRC has ‘fully rebounded,’ management exec says
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Private Credit:

Americas Private Credit Review
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Private credit lenders say their big software bet faces an AI reckoning — but not a 'SaaSpocalypse'
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Most withdrawals from Ares private credit fund came from outside US, CEO says
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Gambling:

As the World Cup begins, researchers warn sports bettors may be gambling with their grocery money
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Economy:

Inflation heats up to highest pace in three years, fueled by Iran warTrump says ‘I love the inflation’ after consumer price index hits 3-year highAnalysis: Trump said he loves inflation. Why that should be music to Kevin Warsh’s ears Consumer prices rose 4.2% annually in May, highest in three yearsThe 4.2% inflation rate is a bummer, but the worst might be overInflation is boosting next year’s Social Security raise. Here’s the new estimate.Housing Market Warning as Inflation Rises to Highest Level in 3 YearsHere’s the inflation breakdown for May 2026 — in one chart
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Krugman: Social Security is Facing a Political Crisis
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Americans grow more pessimistic about finances as rent and food cost fears surge, Fed says
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US households, businesses stung by higher energy prices
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Gas prices, student debt and relationship strain expose depth of American financial stress
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Why reviving US manufacturing is so hard
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As gold’s tumble continues, traders bet the pain may last for two more years
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Trump Says Iran Will ‘Pay the Price’—Here’s What War Costs Americans
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Trump says he doesn’t want to renew trade pact with Canada and Mexico
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US refunds $22 billion in tariffs, canceling out customs revenue
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Investors brace for a ‘long grind’ as Iran war escalation dims hopes of an early end to hostilities
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Pay trends suggest US bosses are wealthier and more nervous
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American capitalism is run by millionaires, not billionaires
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Hundreds of billions in loans didn’t make a dent in global poverty
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US Debt Clock
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World Debt Clock
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Real Estate:

New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions
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Commercial real estate saw record lending competition in April, according to JLL
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Government sells Trump’s former Washington, DC hotel
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As FHA Delinquencies Soar, Are These Loans The New Subprime Risk?
(DBN)

Florida Leads in Foreclosures as Filings Rise 14% Nationwide
(DBN)

Summit Properties says it’s made good on cleaning up Pinnacle’s portfolio. A tenants’ group disagreesLandlord targeted by Mamdani agrees to forgive back rent in 5,100 apartments
(DBN)

Pines condo association files for bankruptcy amid legal battle with ex-managers
(DBN)

Famed NYC office building seeks a $670M sale — after last trading hands for $1.2B in 2015
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Tegethoff Says He Is Still A Developer & Owner On Oasis Project, Clarifies Bankruptcy Filing
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Oil/Gas:

US crude oil inventories fall for seventh straight week
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Traders Are Shorting Oil As If The Hormuz Crisis Is Over
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Rystad Warns Oil May Climb Towards $150
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Oil tankers increase ‘dark’ transits through Strait of Hormuz
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Why the much-feared crunch in oil markets has yet to arrive
(DBN)

US oil reserves drop towards Reagan-era lows, 'significant impact at the pump' coming, experts warn
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Retailing:

QVC Group’s preferred shareholders challenge $6.6 billion debt restructuring plan in Texas court
(DBN)

West Marine Plans to Close 59 Stores Amid Bankruptcy Restructuring
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As West Marine Foundered, CEO Bonuses Were Paid
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Private Equity:

Apollo executive says private equity got ‘a little out of whack’
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Politics:

Tracking approval and key issuesTrump Says ‘I Love the Inflation’ as Approval Rating Sinks to Record Low
(DBN)

Trump doubles down on Pulte for DNI, calls for extension of foreign surveillance lawHopes Dim for Renewing Spy Law as Trump Digs In on Bill PulteHouse to take up last-minute extension of FISA spy power in likely-doomed vote
(DBN)

Trump keeps saying an Iran deal is close. Markets keep believing it
(DBN)

Donald Trump Sharing ‘West Wing’ Clip Misses One Important Detail
(DBN)

Inside the White House Freakout Over the Epstein FilesHaberman Bombshell Reveals Trump ‘Nipple Abuse’ Claim Prompted Panicky Situation Room MeetingJD Vance's peculiar Ghislaine Maxwell proposal6 Splashiest Revelations From Maggie Haberman and Jonathan Swan’s Blockbuster Book Excerpt on Trump and Epstein
(DBN)

Bill Gates tells House panel ‘I should have never met’ with Jeffrey EpsteinBill Gates reveals Epstein had ‘painful’ blackmail info on him & admits to cheating in shock congressional hearingBill Gates tells lawmakers he was not aware of Epstein's crimesBill Gates tells lawmakers he was 'never interested' in being Epstein's friend
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Three of four Republicans who forced the release of the Epstein files are now out of jobs
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Epstein’s PA named 160k times in files says pedo was 'master manipulator'
(DBN)

Bernie Sanders’ candidates just keep winning
(DBN)

Jane Fonda says Trump-era more dangerous than McCarthyism
(DBN)

Trump piles on about Platner, saying ‘he’s just an outright pig’Platner Wins; Washington Whines
(DBN)

US national parks visitors slam Trump administration for censoring history
(DBN)

Pope takes veiled swipe at Trump during Sagrada Familia blessing
(DBN)

Donald Trump’s pick to lead statistics agency disputes president’s faked data claims
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Republicans 'utterly disgusted' by Trump official's push to get son-in-law elected
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Coal:

Solar beats coal for US electricity generation despite Trump policies
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Banking:

Major US banks face federal probe over debanking allegations
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Autos:

JPMorgan, Barclays, Fifth Third defeat lawsuit over missed 'red flags' at Tricolor
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Subprime Auto Dealer America’s Car-Mart Seeks Rescue FundsAmerica's Car-Mart plunges on report it's seeking rescue financing
(DBN)

Tricolor Holdings Faces Scrutiny Over TikTok Influencer’s Criminal Past: A Case for Rigorous Vetting in Corporate Partnerships
(DBN)

Ford CEO outlines USMCA demands as renewal stalls
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Tech:

The theory taking the rich by storm: China funds data center haters
(DBN)

Judge Upholds $6M Verdict in Groundbreaking Social Media Addiction Case, Setting Possible Legal Precedent
(DBN)

Apollo's President Warns AI Is Coming For Professional Services Jobs Next
(DBN)

AI and the productivity paradox
(DBN)

We will need a new tax code for the wealth AI creates
(DBN)

Anthropic CEO calls for FAA-style regulation of powerful AI models
(DBN)

OpenAI mulls slashing prices as it competes with Anthropic for usersChatGPT price-war report comes as data shows AI usage already tailing off
(DBN)

Oracle to spend $70bn on data center build-out in coming yearOracle stock falls as AI funding plans overshadow earnings beat
(DBN)

Trump’s AI fund idea is good politics, but bad economics
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Four in five UK boards discussing which decisions should be led by AI
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Weddings:

Florida brides may be out $6,000-plus after wedding venue suddenly shuts down
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Summer Camps:

David and Michael Shabsels’ camps to open for summer despite bankruptcy, bond default
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Summer Camp Operator Files for Bankruptcy After Default on Israeli Bonds
(DBN)

Bankruptcy Filing Shakes Jewish Summer Camp Network
(DBN)

Courtroom Decorum Challenged: Camp Mystic’s Legal Battle Over Tragic Flood Case Intensifies
(DBN)

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Crypto:

US government moves $984,000 in seized FTX, Alameda assets to Coinbase
(DBN)

The Hidden Forces Behind Crypto Market Crashes
(DBN)

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Tax:

Lawmakers push to end Social Security taxes as insolvency nears
(DBN)

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Personal Finance:

These in-demand jobs pay over $100,000 - and offer raises that keep ahead of inflation
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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 new filings today)
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

States of Bankruptcy – 2026 Study
(DBN)

Tennessee remains in ‘bankruptcy belt’ as filings rise, study finds
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Bankruptcy filings are rising in Georgia. Here's where it ranks
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Cross-Border:

Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief
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Mass Torts:

In Roundup litigation, a funny thing is happening on the way to forum selection
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Third Party Releases:

Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions
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Privilege:

Fifth Amendment Act-of-Production Privilege: A Shield, Not a Scalpel
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Avoidance Actions:

Delaware Bankruptcy Court: Initial Transferee Need Not Be Defendant in Fraudulent Transfer Avoidance and Recovery Litigation
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Aviation:

Broward weighs bid on parts of former Spirit Airlines headquarters ahead of auction
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Education:

El Paso: St. Pius X Catholic School closes immediately due to financial challenges
(DBN)

College sticker prices top $100,000 at 16 schools — but many students pay significantly less
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Freight:

Amazon trucking expansion sparks freight stock sell-off
(DBN)

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Student Debt:

July 1 brings big student loan changes. Here's what you need to know
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Litigation Finance:

First Brands bankruptcy: How legal finance can unlock value in fraud-driven Chapter 11 cases
(DBN)

North Carolina Legislature Advances Bill to Ban Third-Party Litigation Funding
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Finance:

Pimco warns credit loss cycle is upon us amid AI spending surge
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Agribusiness:

USDA’s Rollins called screwworm a ‘little pest’ amid U.S. spread. Last year, she called it ‘terrifying’
(DBN)

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Fraud:

Bacigalupo files for bankruptcy after sentencing for wire fraud
(DBN)

Treasury watchdog finds no evidence backing Musk’s payment fraud claims
(DBN)

California real estate investor charged with $100M fraud by US
(DBN)

Don’t Click That Box: The Deceptive New CAPTCHA Scam Outsmarting Web Browsers
(DBN)

Synthetic identity fraud surges as criminals weaponize AI: study
(DBN)

New federal strategy targets elder fraud as reported losses hit $8B
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Musical Instruments:

Höfner has been bought out after filing for bankruptcy
(DBN)

Dean Guitars’ parent company Armadillo files for bankruptcy
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Campgrounds:

Bankrupt Kennebunkport Glampground Sold To Out-Of-State Giant For $14 Million
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Biotech:

From trade-secret lawsuit to Chapter 11: The unraveling of a San Antonio biotech company
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Telecom:

Hundreds of rural customers’ internet drops after provider files for bankruptcy
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Software:

Fear of the SaaSpocalypse is tormenting techland
(DBN)

Brookfield-backed CDK Global in Talks With Creditors for Debt Restructuring Deal
(DBN)

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UK:

Watchdog opens probe into auditors of collapsed lender MFS
(DBN)

English law ICAs: what’s next for distressed disposal ‘LMEs’?
(DBN)

Insolvency Service Targets UK Register Misuse by China
(DBN)

Property company insolvencies hit ten-year high
(DBN)

Council faces 'inevitable' bankruptcy without £40m savings
(DBN)

North Northamptonshire Council reports £13.8m overspend for year end
(DBN)

Tim Farron will 'fight government' as council insolvency looms
(DBN)

How Nottingham is making a comeback after collapsing into bankruptcy
(DBN)

Lending platform enters administration
(DBN)

American Law Firms Lead UK Revenue Per Lawyer Rankings Amid Global Challenges
(DBN)

70% of SMEs fear bankruptcy as Iran conflict drives up costs
(DBN)

‘Pure racism’: East Belfast reels from riots led by masked young men
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EU:

Only 11% of Europeans view USA as an ally
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Europe is finally, slowly getting its act together
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China cancels high-level meetings with EU
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Canada:

Quebec auditor slams government for poorly planning subsidies for battery companies
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MENA:

Trump pledges more Iran strikes, saying U.S. will be ‘attacking them very hard’US launches fresh wave of strikes on IranUS and Iran Exchange Strikes for Second Day, Undermining Ceasefire Why a frustrated Trump is turning again to bombs to force Iran’s handTrump vows more strikes on Iran Thursday if it holds out on dealIran says 20,000 people left without water after US hits reservoir tanks Donald Trump’s least bad option in Iran Iran’s UN envoy says Trump should refrain from threats of force if he wants a dealIsraeli defense minister says Israel is prepared to strike Iran ‘with great force’Trump says he ordered US military mission to help oil tankers navigate Strait of HormuzUS military disables merchant vessel trying to transport oil from IranIran says the US bombed 2 of its water reservoirsIran’s media posts photos purportedly showing US bomb remains at destroyed water reservoir Trump vows immediate attacks on Iran, straining ceasefireUN chief warns escalating attacks and rhetoric risk ‘full war’ in Iran and Gulf region
(DBN)

Trump: US Took Millions of Barrels of Oil From Iran
(DBN)

Israelis despair as Benjamin Netanyahu fails to deliver ‘total victory’
(DBN)

Vance: War May Last Another Year
(DBN)

Netanyahu says Iran could never have a nuclear weapon
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Australia:

Byron Bay Bluesfest liquidator’s report reveals creditors owed $7 million
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Cuba:

Hegseth says, ‘We are taking back our hemisphere’ to US troops in Cuba
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China:

China Evergrande's liquidation prompts some PwC partners to shield assets, contemplate divorce
(DBN)

Treasury sanctions Chinese and Hong Kong-based people and companies for supporting Iran
(DBN)

US firms wary of investing in China despite improved profits
(DBN)

China on track to surpass US as world’s leading tourism economy
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Hungary:

SMEs Face Severe Payment Delays, Rising Insolvency Risks
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India:

The expanding commercial wisdom of CoC: Will the IBC (Amendment) Act 2026 actually reduce delays?
(DBN)

Cross Border Insolvency In India: What Rules Must Say
(DBN)

NCLT Order on Anil Ambani's Insolvency: What Investors Need to KnowAnil Ambani to challenge NCLT order admitting SBI's personal insolvency plea
(DBN)

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