June 12, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Lawyers Have Been Hallucinating for Decades, Judges Say—AI Just Made It Faster
(DBN)

Milbank’s ‘Power Move’ On Raises May Show Us Biglaw’s Haves And Have-Nots
(DBN)

The 2026 Salary Wars Are On… So Where Is Biglaw?
(DBN)

Mad money: Quinn Emanuel hikes salary for newly qualified solicitors to £189,000
(DBN)

A New Salary Scale Has Emerged: Elite Boutique Matches Susman’s $450K Pay Grid
(DBN)

Law Firm Salaries Climb Despite AI Promise of Lower Costs Firms take associate salaries higher despite looming AI threats
(DBN)

US lawyers clash with London counterparts over dodgy drafting, working hours and ‘Kind Regards’ email sign-off
(DBN)

Formal Law Firm Mentorship Programs Are At Death’s Door
(DBN)

It’s Still A Good Time To Be A Lawyer. So Far.
(DBN)

Chaos Is Part Of The Job
(DBN)

Litigators fight back after getting spanked by judge for threatening rivals
(DBN)

As recruitment for BigLaw summer jobs moves up, impact hits 1Ls hard, study finds
(DBN)

Lawyer convicted of orchestrating drug deals wins back law license
(DBN)

Man charged with impersonating lawyer after showing up at traffic stop
(DBN)

The NextGen UBE Drops Next Month
(DBN)

Miss America Legal Battle Intensifies: Former Counsel Faces Exclusion from Court Proceedings
(DBN)

US plans to deport Iranians to Central African Republic, sources say
(DBN)

Trump Isn’t Giving Up on His Slush Fund
(DBN)

WSJ asks judge to put Trump on hook for bringing 'meritless' defamation lawsuit
(DBN)

Trump Moves to Deeply Censor the Entire Internet
(DBN)

Connecticut's first anonymous jury moves forward despite appeal
(DBN)

NYPD cop charged months after he was caught on video shooting man he thought may have stolen wife’s car
(DBN)

Cops Keep Getting Arrested for Using Flock to Stalk People
(DBN)

Man pleads guilty to assassinating a top Minnesota Democrat and her husband
(DBN)

Massive search for Nancy Guthrie launched in Mexico after anonymous tip claimed her 'grave' has been found
(DBN)

‘Evil Lives Here’ docuseries details parents dealing with aftermath of their kids’ murder convictions
(DBN)

Woman taking out trash snatched by man who made her drive him around for hours: Police
(DBN)

Woman killed motorcyclist in DUI crash, then went to pick her daughter up from school
(DBN)

Cardiologist kills mom training to be nurse, mows her down as she helped car crash victim
(DBN)

Children’s lemonade stand robbed at gunpoint in broad daylight
(DBN)

College freshman killed in police shooting; deputy fired
(DBN)

Mom of 3 on her way to dinner with 3-year-old son and husband killed by stray bullet: Cops
(DBN)

Pregnant woman and sister toss hot grease on chicken shop worker over wrong order: Police
(DBN)

Man kidnapped from Margaritaville, tortured with blowtorch, faked seizure to escape: Feds
(DBN)

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Judges:

Court dismisses lawsuit tied to Jackson Walker partner's relationship with bankruptcy judge
(DBN)

Position Vacancy Announcement - Term Law Clerk in Augusta, GA
(DBN)

Coming Soon: Updated Password Standards Enforcement for PACER
(DBN)

Supreme Court Justice Brett Kavanaugh takes on a starring role in Maine’s Senate race
(DBN)

Protecting the justices
(DBN)

Supreme Court limits private lawsuits under investment law
(DBN)

Judge acquits Democratic congressional candidate arrested at New York immigration court protest
(DBN)

8th Circuit judicial nominee grilled by senators on refusing to hire Columbia law clerks
(DBN)

Pirro’s losses in Fed investigation should stay on the books, judge rules
(DBN)

Furious Judge Cancels Entire Trial After Finding Out Lawyers on Both Sides Used AI
(DBN)

You Will Not Believe The ‘Apology’ Letter Judge Eleanor Ross Wrote Her ClerksDemocratic Silence on Georgia Judge’s Misconduct Sparks Debate Over Judicial Accountability Sex, Lies and Secrets: A Federal Judge’s Trysts Go Public
(DBN)

Judge Finds ‘Legal Boss’ Who Solicited Tricolor Clients in Contempt
(DBN)

Detroit Judge Faces Misconduct Allegations: A Call for Judicial Reform Nationwide
(DBN)

Judges Warn AI May Accelerate Legal Errors, Highlighting Need for Cautious Integration in Legal System
(DBN)

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Wall Street:

Global stocks jump on signs of a potential U.S.-Iran peace deal, U.S. futures muted
(DBN)

Dow jumps 800 points, oil tumbles as Trump cancels evening strikes against Iran
(DBN)

From startup to $1.8 trillion: The investors who took a chance on SpaceX now reap the rewardsKrugman: Elon Musk, Human Ponzi Scheme How Elon Musk always wins SpaceX soon-to-be millionaires are set to spend big on luxury homes, watches and private jet travel SpaceX IPO will test how Wall Street prices ‘strategic tech’SpaceX to close above $2 trillion market cap on its debut, prediction market traders saySpaceX's valuation nearly equals every top U.S. IPO since 2000Elon Musk is the world’s first trillionaire (on paper) thanks to the SpaceX IPOSpaceX’s Gwynne Shotwell says IPO is one small step in ‘very futuristic’ journey
(DBN)

The AI public market floodgates are opening
(DBN)

How To Keep Your Job After An Epstein Scandal: The Goldman Sachs Case Study Democrats ask Goldman Sachs CEO why he’s keeping lawyer who said she’d resign over ties to Epstein
(DBN)

The circulatory system isn’t working. Goldman on what’s really wrong with private markets
(DBN)

The great bond and equity conundrum
(DBN)

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Layoffs:

UPMC to lay off 200 employees, cut 300 open positions
(DBN)

Jeff Bezos says AI will bring ‘golden ages’ not mass job losses
(DBN)

Dow begins notifying 4,500 workers about impending layoffs
(DBN)

UPMC laying off hundreds of workers
(DBN)

Sanitas Medical Centers layoffs cuts 211 Florida medical jobs
(DBN)

Iowa IT layoffs leave workers 'terrified' about jobs, pay, union warns
(DBN)

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Crypto:

Delaware and New Jersey move to ban crypto ATMs over scams
(DBN)

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Autos:

Bankrupt Auto Financier PrimaLend Sued for Lending Fraud
(DBN)

First Brands introduces new plan; creditor alleges company was a Ponzi scheme
(DBN)

Tricolor immigrant buyers trusted TikTok hero with criminal past
(DBN)

Ford CEO Jim Farley clarifies Blue Oval's position on 'right to repair' rules after Trump comments
(DBN)

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Agribusiness:

Cattle herd 'fix' is taking years longer than predicted, CEO warns amid historic beef shortage
(DBN)

USDA cuts US winter wheat harvest outlook after Plains drought
(DBN)

World Bank warns El Niño risks driving up global food prices
(DBN)

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Musical Instruments:

Dean Files for Chapter 11 Bankruptcy After Series of Legal Battles and Reported Debt of Up to $50 Million, Calls It 'a Proactive Step'Dean Guitars files for bankruptcy after years of legal battles
(DBN)

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Healthcare:

Medicare insolvency date creeps forward thanks to ‘Big Beautiful Bill,’ trustees find
(DBN)

Health plans say AI is pushing healthcare costs higher
(DBN)

Americans mostly blame insurers for rising healthcare costs, survey finds
(DBN)

Trump's DOJ can't get names and medical files of trans youth in California, for now
(DBN)

Congo says number of confirmed Ebola cases rises to 676
(DBN)

Socioeconomic factors are becoming 'biologically embedded' in children's brains
(DBN)

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Museums:

IAAM to stay open despite money woes that bring furloughs
(DBN)

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Economy:

Trump's new Fed chief may soon have to raise interest rates
(DBN)

High energy prices drive up US producer inflation in May
(DBN)

Unpaid Credit Card Balance Ratio Highest In Over 3 Years
(DBN)

High-Income Borrowers Pull Back As Credit Demand Softens: TransUnion
(DBN)

Recession fears rise as company confidence holds: AICPA
(DBN)

World Bank cuts global growth outlook to 2.5%, warns of drop to 1.3% if war fallout spreads to markets
(DBN)

Wholesale prices rose 1.1% in May, more than expectedUS producer inflation posts largest annual gain in 3-1/2 years as energy prices surge
(DBN)

US jobless claims jump to 229,000, highest since February
(DBN)

Gold slumps to 6-month low even as inflation fears rise. Here’s why bullion is out of favor
(DBN)

'You will lose your credibility' if you cut interest rates, billionaire Ray Dalio tells Trump's Fed chief pick
(DBN)

Fed faces growing hike odds as inflation hits 3-year high
(DBN)

Trump administration appeals ruling blocking $100,000 H-1B fee
(DBN)

Appeals court says U.S. government can keep collecting 10% tariffs for now
(DBN)

OpenAI and Nvidia CEOs didn’t flinch at Trump’s $100,000 H-1B visa fee, and now they’re paying up as their application numbers soar
(DBN)

Financial Engineering Is Resembling Pre-Crisis Era, Pimco Warns
(DBN)

Inside the industrial boom bringing millions of people to the South
(DBN)

How small-business loans got caught in Trump's immigration crackdown
(DBN)

The world’s wealthy are migrating like never before
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US Foreclosure Filings Rise 14% Annually In May
(DBN)

Construction: Theft by Contractor Issues
(DBN)

Rent Is So High, New Yorkers Are Living With Nuns
(DBN)

The "Home ATM" Mostly Closed in Q1
(DBN)

Embattled Silver Star files for Chapter 11 bankruptcy for second time in four years
(DBN)

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Municipalities:

Is Municipal Bankruptcy on the Horizon if Orange’s Sales Tax Measure Fails?
(DBN)

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Oil/Gas:

Oil executives warn White House that gas prices will get worse
(DBN)

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
(DBN)

Once an Arab oil embargo victim, US becomes world's top oil exporter
(DBN)

Oil tanker CEO sees Hormuz ship traffic quickly increasing if U.S. and Iran reach a deal
(DBN)

Asia energy crisis at ‘worst’ case scenario, ADB warns
(DBN)

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Summer Camps:

Frum Camp Families Reassured As Parent Company Faces Bankruptcy
(DBN)


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Politics:

Tracking approval and key issues
(DBN)

Trump gifts Dems ready-made midterm ads
(DBN)

GOP plots more safety-net cuts to fund Trump’s wars
(DBN)

Bankruptcy as Presidential Resistance
(DBN)

Teardown of Trump Phone Reveals Incredibly Embarrassing Secret
(DBN)

Trump sees 22 medical specialists, appearing to set new bar for presidents
(DBN)

Someone is marking a huge '8647' into the grounds of the National Mall in DC
(DBN)

The business model of white victimhood
(DBN)

Trump’s Event Disaster Deepens With Embarrassing New Exodus
(DBN)

$60M and 7 federal agencies required to stage Trump’s UFC fight at White House
(DBN)

How Republicans won the 2026 US congressional redistricting war, state by state
(DBN)

Kaine nears GOP support for Iran war powers curb
(DBN)

Trump picks former SEC Chairman Jay Clayton as national intelligence director
(DBN)

House rejects last-ditch FISA extension before Friday deadlineAmerica's spy powers are in deep trouble
(DBN)

Leaked Call Reveals Gabbard’s Final HumiliationPulte sought Gabbard's early removal as intel czar
(DBN)

After Senate Loss, Cornyn Predicts ‘Miserable’ Final Two Years for Trump
(DBN)

Vance chief of staff to leave administration
(DBN)

Bill Gates Offers Bizarre Excuse About Epstein
(DBN)

Why thousands of Americans are giving up their citizenship
(DBN)

Meth Scandal Rocks Nascent Greg Bovino '28 Campaign
(DBN)

Kennedy Center board seeks pause of ruling ordering removal of Trump's name
(DBN)

The rise of the pro-worker conservative is changing the US
(DBN)

Trump threatens DC takeover if Janeese Lewis George wins primary
(DBN)

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Personal Genomics:

23andMe Data Breach Claimants to Receive $47 Million Under Deal
(DBN)

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Consumer Protection:

Trump Picks Capital One Exec Brian Johnson To Lead CFPB
(DBN)

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Sports:

'A lot' of people in college football could be headed to bankruptcy
(DBN)

LIV Golf events in doubt as Saudis drip-feed funding
(DBN)

Phil Mickelson accused of inappropriate contact with female course employee, removed from club
(DBN)

This Is Mexico and Canada’s World Cup, Too. Don’t Expect Unity.
(DBN)

World Cup collides with Trump's America First agendaMessi Made MLS Profitable. He Hasn't Delivered Soccer's American Breakthrough.
(DBN)

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Finance:

PIMCO warns of credit losses as $14T AI boom reshapes markets
(DBN)

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Mattresses:

Sleep Number Files Ch. 11, Enters Asset Purchase Agreement to Combine with Sleep Country Canada, Creating an Industry Leader in North America
(DBN)

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Fraud:

Burt Marshall sentenced to prison in decades-long Ponzi scheme that bilked millions from victims
(DBN)

Attorney General James Announces Sentencing of Madison County Tax Preparer Who Stole More Than $50 Million in Decades-Long Ponzi Scheme
(DBN)

____________

Tech:

OpenAI Execs Are Panicking
(DBN)

Jeff Bezos Wants to Build an ‘Artificial General Engineer’
(DBN)

ChatGPT hits a billion monthly app users despite souring public AI sentiment
(DBN)

KPMG report contained AI hallucinations on benefits of . . . AI
(DBN)

US insurance rulemaker probes credit risks tied to data centers
(DBN)

Scathing class-action lawsuit accuses Washington Post of surveillance pricing: ‘Covert data-harvesting’
(DBN)

These Logs of ChatGPT Allegedly Driving a Suicidal Woman to Her Death Are Deeply Disturbing
(DBN)

Congress wants in on the data center backlash
(DBN)

The unlikely alliance pushing an AI sovereign wealth fund
(DBN)

A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI build-out
(DBN)

Five human skills AI still can't match — and why they could save your job
(DBN)

Grok Is Still Hosting Sexualized Deepfakes
(DBN)

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New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (5 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Coface Raises Its Business Insolvency Forecast to +6% in 2026
(DBN)

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Jurisdiction:

Bankruptcy Court Holds ‘Related To’ Jurisdiction Satisfied by Any Claim Reduction in Bankruptcy
(DBN)

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Bankruptcy Prediction:

Seven ratios predict SME insolvency up to three years early
(DBN)

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Mass Torts:

LA County DA claims four in five cases in $4 billion sex abuse payout may be fraudulent
(DBN)

Purdue Pharma Settlements: < $1 Billion For Victims But $60 Billion For Governments. Say What?!
(DBN)

Proceeds from seminary sale can now be used toward diocese settlement
(DBN)

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Cannabis:

Chapter?15: A New Path for Cross-Border Cannabis Restructuring
(DBN)

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Cross-Border:

Recent Developments in Cross-Border Restructuring Under Chapter 15 of the Bankruptcy Code
(DBN)

Bucks Boss Wes Edens in High-Stakes New York Bankruptcy Play
(DBN)

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Estoppel:

Unanimous Supreme Court Adopts Totality-Of-The-Circumstances Test for Bankruptcy Judicial EstoppelUS Supreme Court Rules on Judicial Estoppel in Chapter 13 Bankruptcy CaseSupreme Court Narrows Bankruptcy Judicial Estoppel: Thomas, Gorsuch Call for Full ReexaminationIn bankruptcy case, Thomas urges Supreme Court to reexamine 169-year-old judicial doctrine
(DBN)

Supreme Court says bankruptcy paperwork error shouldn't knock out debtor’s injury suit
(DBN)

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IP:

Keep Your Recission Rights Close: The Intersection Between Bankruptcy Law and Copyright Law
(DBN)

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Aviation:

Spirit Airlines Secures Initial Approval for Executive Bonuses Amid Restructuring Efforts
(DBN)

"Montenegro Airlines" in bankruptcy to return 70 million to the state
(DBN)

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Solar:

Solar nonprofit offers guidance to customers amid bankruptcy filing
(DBN)

Solar generates more energy in USA than coal for first time
(DBN)

GoldenPeaks Poland files for bankruptcy protection amid liquidity crisis
(DBN)

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Celebs:

Elon Musk's age of impunity
(DBN)

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Religion:

Southern Baptists vote to advance a formal ban on churches with women pastors
(DBN)

Pope slams world's indifference to migrants while visiting onetime 'dock of shame' in Canary Islands
(DBN)

Mike Lee Learned Nothing From Trump Administration Openly Discriminating Against Mormons
(DBN)

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Education:

College Students Are Rapidly Losing the Ability to Read
(DBN)

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Food/Beverage:

Village Inn Restaurant franchisee files Chapter 11 bankruptcy
(DBN)

Tsunami shutters New Orleans restaurant months after bankruptcy filing
(DBN)

Why Is Carl's Jr. Closing? The Real Reason a Major Franchisee Is Selling Dozens of Locations After Bankruptcy
(DBN)

Dallas-founded On The Border to close company-owned locations by Friday
(DBN)

Another new boss aims to fix the world’s biggest chocolate-maker
(DBN)

The Taste of Leverage
(DBN)

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Electricity:

Filing Alert: Danskammer Energy Chapter 11
(DBN)

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Privacy:

23andMe data breach victims deserve $46.75 million payout, bankruptcy administrator says
(DBN)

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Student Debt:

Nearly 7 million student loan borrowers remain in defunct Biden-era payment plan: Trump official
(DBN)

Treasury’s Student Loan Plan Carries Significant Risk
(DBN)

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Defense:

Defense industry leaders preparing to meet with Trump as worries over missile supply grow, sources say
(DBN)

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UK:

Truro bankrupt criminal developer's latest business goes bust over tax debts
(DBN)

Top barrister accused of tax evasion was avoiding ‘red tape’, court hears
(DBN)

The Bankrupting of a Mobile Home Billionaire
(DBN)

SME lending rises by 16% hitting post-pandemic high
(DBN)

Record numbers turning to loan sharks
(DBN)

UK economy contracted 0.1% in April as Iran war hit growth
(DBN)

____________

EU:

Europe Raises Interest Rates as War Stokes InflationECB raises interest rates for first time since 2023
(DBN)

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Canada:

Canadian Lawyer survey: How Canada’s courts are regulating, using, and evaluating generative AI
(DBN)

Jailed Vancouver developer declared bankrupt after 'history of financial shenanigans'
(DBN)

Donald Trump’s Canada envoy ‘encouraged’ by Mark Carney’s softer tone on US
(DBN)

____________

MENA:

Trump says US will be 'hitting Iran very hard tonight,' threatens to take over oil infrastructureTrump threatens to seize Kharg Island and other Iran oil infrastructureWhy Kharg Island is central to Trump's escalating Iran threatsDonald Trump cancels strikes against Iran as President makes humiliating climbdownTrump cancels Iran strikes as mediators claim a deal is closeTrump claims Iran war settled 'subject to finalization,' expects signing in 'next few days' Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says How Trump has deceived himself on Iran
(DBN)

Hegseth: "Operation Freedom" has been quietly moving things through Straits of Hormuz for weeks
(DBN)

Iran threatens Elon Musk’s companies in Middle East: Iranian state media
(DBN)

____________

Switzerland:

People overwhelmed with debt will now be able to declare bankruptcy in Switzerland
(DBN)

Swiss voters weigh world’s first population cap
(DBN)

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Italy:

Foreign workers say they were paid less than $2 an hour to build a new US Consulate in Milan
(DBN)

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India:

The moratorium question beneath the new personal guarantor framework
(DBN)


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Australia:

Bluesfest’s Liquidator Uncovers Possible Insolvency Before Collapse
(DBN)

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Russia:

US lawmakers seek $750 million for Ukraine
(DBN)

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Cuba:

US slaps sanctions against Cuban oil and gas company as tensions rise
(DBN)


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