June 26, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Another Boutique Goes Above Milbank On Associate Compensation While The Rest Of Biglaw Is Still Thinking About It
(DBN)

A Big Law CEO and Top GC Agree: AI Is Forcing a New Firm Model
(DBN)

How AI is powering new law firm structures
(DBN)

In-house lawyers aim to shed the grind, not the people
(DBN)

As large language models enter China’s legal profession, which lawyers will lose out?
(DBN)

FL: Bar Launches Free Legal Artificial Intelligence Member Benefit Through Clio
(DBN)

Judge tosses free speech claim of former public defender who alleged burnout
(DBN)

No Laughing Matter: Humor’s Place In Legal Pedagogy
(DBN)

Conflict Is Not The Problem. Avoiding It Is.
(DBN)

I Used Generative AI Responsibly For Legal Work. You Can Too.
(DBN)

Trump’s tests of the US justice system
(DBN)

Alligator Alcatraz Closes, Leaving Florida’s Disaster Funding Drained • Green Card Holder Released From ICE Custody Says She Needs Therapy
(DBN)

Supreme Court clears way for Trump administration to revive restrictive policy for asylum seekers • Migrants not entitled to apply for asylum while standing on Mexico side of border, Supreme Court rules • Supreme Court Expands Trump’s Power Over Immigration • Florida’s ‘Alligator Alcatraz’ immigration detention center is closing, governor says • US senator warns of administration plan to hastily remove over 500 unaccompanied migrant children • Texas woman sells home to free husband held in ICE detention
(DBN)

Mike Lindell Reaches Settlement With Dominion Voting Systems in $1.3B Lawsuit
(DBN)

Former Trump adviser-turned-foe John Bolton expected to plead guilty to mishandling classified information
(DBN)

Donald Trump DOJ nominee made and deleted negative social media posts about lawmakers, police and judges
(DBN)

Harvey Weinstein’s New York rape charge dropped after accuser says she can’t endure a fourth trial
(DBN)

The secret settlements protecting Jeffrey Epstein’s friends
(DBN)

Senator Whitehouse Is Still Waiting For Todd Blanche To Explain The Ghislaine Maxwell Prison Transfer
(DBN)

Long Island school clerk caught tearing up ballots, trashing votes to help her candidate win: probe
(DBN)

White nationalist groups have attracted young men around the U.S. Now, they're recruiting girls.
(DBN)

'Natural selection': Teen walks in library with shotgun, starts blasting people, FBI says
(DBN)

'Mom needs to go to jail': Woman allegedly poured hot wax on her 3 young children
(DBN)

Woman unhappy with how a mom kept home slashed her with broken Corona bottle: Police
(DBN)

15-year-old emptied gun on other student on school steps for stealing his headphones
(DBN)

Mother charged with murder after daughter, 16, drinks herself to death as cops uncover 173 empty bottles in teen’s room
(DBN)

Dad beat 9-year-old daughter to death because she smirked at him: Police
(DBN)

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Judges:

Trump's power takes center stage in US Supreme Court's home stretch
(DBN)

White House celebrates Supreme Court immigration rulings as ‘tremendous win’
(DBN)

Sotomayor offers blistering dissent on Supreme Court asylum decision: ‘More people will die’
(DBN)

Alito appears testy during Sotomayor’s asylum dissent reading from the bench • Sam Alito Takes Unusual Step Of Whining From The Bench
(DBN)

An unusual retort to a dissent from the bench
(DBN)

The Supreme Court’s Opinion Day Ritual Helps Conceal the Justices’ Favorite Lie
(DBN)

Gun owners may carry a weapon into stores, Supreme Court rules, rejecting a California law • Supreme Court strikes down Hawaii law requiring permission to carry guns in stores and hotels • Jackson Says SCOTUS ‘Protecting Guns’ Over Laws in Concealed Carry Ruling • Justice Barrett stunned that Hawaii relied on 'vile laws' to justify unconstitutional ban
(DBN)

Judge says lawsuit against Trump DOJ ‘anti-weaponization’ fund will proceed • Trump DOJ's 'unwillingness' to declare 'anti-weaponization fund' dead 'concerning': Judge
(DBN)

Appeals court deals biggest setback yet to Trump DOJ’s demands for confidential voter roll data
(DBN)

World court judges sue Trump administration over sanctions
(DBN)

Judge refuses to appoint man as constable because of alleged ‘checkered’ past
(DBN)

Map Shows Abortions Per State 4 Years After SCOTUS Overturned Roe v. Wade
(DBN)

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Wall Street:

Nasdaq futures fall as tech sell-off continues
(DBN)

Tech Volatility Pulls Global Stocks Lower Again
(DBN)

SpaceX bond sale signals markets are in ‘bubble territory’, warns Allianz CIO
(DBN)

AI Backlash Is the Risk Wall Street Fears Can Stop Tech Stocks
(DBN)

Wealspring Asset warns AI stocks have formed a super bubble
(DBN)

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Layoffs:

The new push to ready millions for AI career upheaval
(DBN)

US jobless aid filings fall to 215,000 last week as layoffs remain low despite economic headwinds
(DBN)

SAS eliminates hundreds of positions across the company, spokesperson says
(DBN)

100+ Johns Hopkins University employees laid off due to federal research cuts
(DBN)

Elastic stretches workforce 7% thinner as AI does more of the heavy lifting
(DBN)

Northern Michigan boat manufacturer to lay off 239 in August
(DBN)

Renault plans 800 job cuts
(DBN)

Tuscaloosa’s BF Goodrich tire factory closing, 1,200 employees to lose jobs
(DBN)

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Tech:

Anthropic has hired an economist with . . .  interesting views on human survival
(DBN)

Democrats and Republicans agree: AI is scary
(DBN)

The AI Race Is Moving From Models to Manufacturing
(DBN)

Big tech is all in on AI. Now all they need is customers.
(DBN)

The $7 Trillion AI Boom Is Running Out of Power
(DBN)

Global markets fall as investors fret about AI demand
(DBN)

Why aren’t more companies adopting AI?
(DBN)

AI cost challenges mount as agent use gets more complex: KPMG
(DBN)

An emergency room for critically injured tech businesses
(DBN)

Competition intensifies for Anthropic and OpenAI ahead of IPOs • Why a reported delay for OpenAI's listing complicates further the picture for tech stocks
(DBN)

Michigan data center to deploy Chinese humanoid robots to support development of ‘autonomous workflows’
(DBN)

Teaching AI how people work is fraught with problems
(DBN)

Everyone agrees that you hate AI, but only Mark Cuban sees why Silicon Valley is powerless to fix it
(DBN)

Gen Z graduates are blaming AI for their unemployment woes when they should be looking somewhere else
(DBN)

Marc Lore's robots make 500 burrito bowls an hour. A human can make 45
(DBN)

AI models’ values are very different from most people’s
(DBN)

US lawmaker introduces bill to require AI companies to report critical incidents
(DBN)

Trump's 25% cut on every Nvidia chip sold to China just backfired — Beijing won't approve a single H200 purchase, costing Nvidia up to $30B
(DBN)

____________

Climate:

France’s heat this week was worse than a dire scenario imagined for 2050
(DBN)

Brutal nights and humidity mark Europe’s record June temperatures
(DBN)

Electricity prices soar as Europe battles heatwave
(DBN)

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Autos:

A Fatal Tesla Crash in Texas Sets Up a Legal Showdown
(DBN)

The Iran war is accelerating the EV transition faster than any climate policy ever did—but it’s still just not that much
(DBN)

Chinese carmakers ‘knocking at US gate’ from Mexico and Canada
(DBN)

Donald Trump — EV salesman extraordinaire
(DBN)

Throughout the rich world, the young are falling out of love with cars
(DBN)

Stellantis and Nissan in talks to buy assets from troubled Marelli
(DBN)

____________

Student Debt:

Student-loan borrowers are struggling with repayment. A new federal report shows a key reason.
(DBN)

Washington gutted the office that manages your student loans. Next week, it has to reinvent them
(DBN)

Judge blocks Trump’s rule limiting federal student loans for certain grad school borrowers
(DBN)

____________

Celebs:

Mayweather’s money woes
(DBN)

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Economy:

U.S. Jobless Claims Fell Last Week
(DBN)

Fed's Preferred Inflation Gauge Climbs Above Target Range • U.S. inflation tops 4%, but tumbling oil prices to bring price relief soon • Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
(DBN)

Kevin Warsh’s tough talk on inflation reassures investors
(DBN)

Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
(DBN)

Fed’s Williams: Current monetary policy stance well positioned to restore inflation to 2%
(DBN)

Apple's price hikes suggest inflation won't slow quickly, even as gas gets cheaper
(DBN)

Credit Card Delinquencies Are At Their Highest Level In 15 Years
(DBN)

Early career workers’ wages can’t match inflation, Glassdoor finds
(DBN)

Consumer Credit Holds Firm As Personal Loans Rise
(DBN)

US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
(DBN)

Trump wants lower interest rates. Wall Street is now betting they're going higher.
(DBN)

May Durable-Goods Orders Fall Slightly More Than Forecast
(DBN)

M.B.A. Pay Is Drifting Down—and So Is Demand for the Degree
(DBN)

California fault lines reach highest stress in 1,000 years as experts warn of mega quake risk
(DBN)

A record 25 million adults under 35 are living with their parents
(DBN)

Is America becoming a gerontocracy?
(DBN)

Fortune 500 bosses demanding staff return to the office share one trait: narcissism, research finds
(DBN)

Gen Zers want to help, they really do, if the work pays well enough
(DBN)

'Frightening': Are regulators laying the groundwork for a new financial meltdown?
(DBN)

Why the South is the only US region growing across every age group
(DBN)

Map Shows Which States’ Economies Are Growing and Shrinking in 2026
(DBN)

The bond market knows something about the $39 trillion national debt that Washington doesn’t
(DBN)

As Social Security faces trust fund depletion, some Washington lawmakers want to tax high earners
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Average 30-year U.S. mortgage rate rises to 6.49%, little changed from its range the past 6 weeks
(DBN)

Young Americans expect to buy a home later or not at all
(DBN)

Embattled firm Pacific Private Money files for bankruptcy as investigations continue
(DBN)

Rent board fulfills Mamdani's vow to freeze the rent on 1 million NYC apartments
(DBN)

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Municipalities:

School leaders: Some counties headed to insolvency after lawmakers didn’t tackle funding
(DBN)

Puerto Rico marks a decade under PROMESA – a timeline
(DBN)

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Oil/Gas:

Chevron says no quick fix for gas prices as Trump takes on Big Oil: ‘It’s going to take time’
(DBN)

Trump turns on big oil donors who spent nearly $100 million to get him elected—now he wants the DOJ to investigate them for price gouging
(DBN)

U.S. crude oil falls below $70, resuming losses after attack on cargo ship near Oman • Why Is Oil Trading Down Today?
(DBN)

Poll finds gas prices straining US households ahead of midterms
(DBN)

Iraq pushes OPEC to let it pump more oil
(DBN)

A world rejecting OPEC controls could usher in oil below $50 a barrel
(DBN)

US companies swallowed the oil shock. They’re not sure they can do it again
(DBN)

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Politics:

Tracking approval and key issues • MAGA divided over Trump polling numbers as president hits historic lows
(DBN)

Hard-liners grind House agenda to a halt over SAVE America Act demands
(DBN)

‘Mad as a murder hornet’ Trump spars with disaffected Senate
(DBN)

Senate Republicans reject war powers resolution after Trump berates them at Capitol meeting
(DBN)

Postmaster general confirms plan to hold back mail ballots in states that won’t share voter data
(DBN)

Donald Trump left humiliated as supporters flee speech while he's still talking
(DBN)

How Americans describe the US ahead of 250th anniversary, according to new AP-NORC poll
(DBN)

Reflecting Pool liner was cut with a sharp knife or razor, National Park Service says • Trump lays out new details on Reflecting Pool ‘vandals’ • Trump May Have Damaged Reflecting Pool by Having Motorcade Drive Over It • A guide to Trump’s reflecting pool enemies, real or imagined • ‘Blue and Clear’—Reflecting Pool Appearance Shifts Again in New Images
(DBN)

Even QAnon Hates Trump Now
(DBN)

Great American State Fair sparks outrage with $24.96 pretzels after power outage stops sales & no extra food allowed in
(DBN)

Livid Markwayne Mullin squeezes stress ball as he struggles to control temper • Markwayne Mullin mocked as he struggles to control temper: 'Too emotional for this job' • Democrat Demands DHS Secretary Mullin Be ‘Put In His Place’ During Hearing Clash • GOP Chairman Threatens to Postpone Hearing After Dem’s Heated Battle With Mullin
(DBN)

Cassidy says he passed a note to Witkoff to request briefing during heated Trump meeting
(DBN)

Lawmakers expected to press billionaire Leon Black about Epstein ties
(DBN)

Tucker Carlson Excoriates Trump: ‘Shut Up, B----! I Don’t Take You Seriously’
(DBN)

Peter Navarro Says Fauci ‘Created’ Covid-19 and ‘Killed People’ in Wild Rant
(DBN)

CNN’s Kaitlan Collins Reads Trump ‘Pocahontas’ Attack to Elizabeth Warren
(DBN)

The Dems already had AOC. Now they have DAC • How Crazy Is Darializa Avila Chevalier on a Scale From “Yowza!” to “Ay Caramba!!!”?
(DBN)

Centrist Democrats are freaking out about progressives’ winning streak • Why urban Democrats love socialists now
(DBN)

Letitia James faults Mamdani for ‘blowing up’ Democratic Party
(DBN)

Tom Kean Jr. suddenly reappears as if nothing happened
(DBN)

____________

Private Credit:

Ares Management’s flagship private credit fund hit by 14% withdrawal requests • Ares caps withdrawals again at flagship $23 billion private credit fund
(DBN)

Life insurers aren’t just investors in private credit. They’re major lenders, too.
(DBN)

Large deal drought drags private credit LBO financings down 21% YoY
(DBN)

A Private Credit Veteran Warns ‘A Canary in the Coal Mine Is Coming’ as a $1.8 Trillion Market Cracks
(DBN)

Winner in 2008’s Big Short Unveils Bearish Private Credit Play
(DBN)

Private-credit fund locks exits for 4 years as redemption requests pile up
(DBN)

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Debt Collection:

Debt Collector Complaints Hit Record 387,400 As 77 Million Americans Face Collections
(DBN)

____________

Fraud:

A $600,000 Ferrari? How healthcare scam artists are laughing at the rest of us.
(DBN)

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Summer Camps:

Camp Mystic bankruptcy a 'gut punch' near flood anniversary, families say
(DBN)

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Radio:

Judge Approves SBS Chapter 11 Plan, Clearing Path To Debt Overhaul.
(DBN)

____________

Telecom:

Elon Musk’s SpaceX plans Starlink mobile push into US consumer market
(DBN)

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Environmental:

Va. legislature grants emergency funds to help close leaking, bankrupt landfill in Chesterfield
(DBN)

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Tax:

Missouri voters to decide whether to end the state income tax
(DBN)

Newsom, billionaires face costly battle as California wealth tax advances
(DBN)

____________

Assisted Living:

Bankrupt Inspired Healthcare’s CEO fighting for lawyer’s fees
(DBN)

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Corporate Governance:

AI Governance Is a Fiduciary Duty
(DBN)

___________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Adversary Proceeding Filings (9 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Committee moves to bring $500M in parish assets into Burlington Diocese bankruptcy case • Creditors in Vermont Catholic bankruptcy case seek access to an estimated $500M in parish assets
(DBN)

Bayer’s Supreme Court win in Roundup case no ‘silver bullet’
(DBN)

____________

UST:

Kevin Epstein Designated as Interim U.S. Trustee for Louisiana and Mississippi
(DBN)

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Avoidance Actions:

The New Era of Preference Action Defense
(DBN)

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Arbitration:

Goldman Sachs Petitions Supreme Court for Review in Automatic Stay Arbitration Case
(DBN)

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Bankruptcy Strategy:

The Debtor/Creditor Toolbox For Liquidating Assets Of A Failing Business
(DBN)

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Mass Torts:

Supreme Court ruling blocks thousands of lawsuits against maker of Roundup weedkiller • Bayer Wins Supreme Court Challenge Over Roundup Litigation • Supreme Court Rejects Lawsuit Alleging Roundup Weedkiller Caused Cancer • Bayer Shares Jump After U.S. Supreme Court Sides With Company Over Roundup Litigation • Gorsuch and Jackson Unite in Supreme Court Roundup Ruling Dissent
(DBN)

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Aviation:

Why easyJet may be heading for a break-up
(DBN)

Spirit Airlines bankruptcy raises questions about future of low-cost air travel
(DBN)

Passengers restrain pilot in terrifying midflight medical emergency
(DBN)

____________

Tourism:

Is Space Tourism Finally Ready for Takeoff?
(DBN)

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Social Media:

Eighty per cent of Australian children escape social media ban
(DBN)

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Healthcare:

Updates on the Oroville Hospital bidding and sale process
(DBN)

African officials say cost to fight Ebola outbreak has tripled
(DBN)

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Sports:

JPMorgan exec apparently loses job over Knicks trash can
(DBN)

____________

Education:

Students are doing worse than you think
(DBN)

One US college is fixing tuition at just 10% of parental income: 'We're not hiding the cost of college behind secret formulas'
(DBN)

AI glasses are creating a cheating problem
(DBN)

____________

Retailing:

Most Amazon Prime Day Deals Aren’t Real, New Report Indicates
(DBN)

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Trucking:

Tennessee trucking business files for bankruptcy
(DBN)

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Food/Beverage:

Endless shrimp deal was scheme to squeeze Red Lobster, suit says • Red Lobster’s Ultimate Endless Shrimp promotion described as a ‘car crash’ for the company: lawsuit
(DBN)

Fried chicken chain closures spread as bankruptcy crisis deepens and customers aren't surprised
(DBN)

Woody's Bar-B-Q franchisee files Chapter 11 bankruptcy
(DBN)

A major Popeyes franchisee is closing dozens of Florida and Georgia stores • Fans say goodbye to 22 Popeyes restaurants as chain pulls the plug on more locations amid bankruptcy • Popeyes Franchisee Sailormen Heads to Court as 52 Locations Find No Buyers
(DBN)

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Furniture:

Home furnishings industry records 12 bankruptcy filings in first half of 2026
(DBN)

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Pensions:

White House requests $1 billion for Delphi salaried retirees
(DBN)

____________

UK:

UK Turnaround and Restructuring update: June 2026
(DBN)

Invalid Administration Appointment, Procedural Defects and Substantial Injustice
(DBN)

UK arm of Crédit Agricole to pay £32mn to clients of WealthTek
(DBN)

Prince William is now billionaire and richer than the King - as new documents reveal tax paid
(DBN)

Taxpayer funding for royals will rise to £138mn amid Buckingham Palace works
(DBN)

____________

Canada:

Canada PM Carney Reiterates He's Not Interested in 'Bad' U.S. Trade Deal
(DBN)

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Venezuela:

Chaos and Fear After Deadly Earthquakes • Venezuela suffers its worst earthquake in a century • Venezuelans search rubble for survivors after 2 strong quakes kill at least 164 • US military rushing aid to Venezuela after powerful twin earthquakes strike • On the ground and online, Venezuelans desperately search for missing relatives. • Rubio says US search and rescue teams deploying to Venezuela • Trump says US ready to help after major Venezuela earthquakes • ‘The Floor Kept Moving’: Caracas Survivors Recount Deadly Venezuela Quakes • As Venezuela Reels, Experts Warn California Fault Stress at 1,000-Year High
(DBN)

____________

MENA:

From Israel’s most powerful businessman to bankruptcy proceedings
(DBN)

Iran tells ships in Strait of Hormuz to turn back • Iran tightens its grip on Strait of Hormuz, sending oil prices higher • Shipping traffic rebounds in Strait of Hormuz but fragile confidence threatens recovery
(DBN)

Iran plans to charge billions for Hormuz Strait passage • Iran Estimates $40 Billion Windfall From Reopening Hormuz With Gulf States • Rubio rejects Hormuz tolls after touring wary Gulf nations • Iran tightens its grip on Strait of Hormuz, sending oil higher • Fears in Strait of Hormuz as tanker struck after Iran warned ships to turn back • Iranian leader scoffs at Trump claim that Iran must buy U.S. farm products with unfrozen assets • Trump’s Gulf allies fear his Iran agreement is a 'disastrous turning point' • Rubio: We expect Iran to allow nuclear inspectors "as soon as possible," oil sanctions waivers are "temporary"
(DBN)

____________

Russia:

Putin’s reign may not survive the impending fall of Crimea
(DBN)

Is Vladimir Putin on the brink of taking war into space?
(DBN)

France seizes 'shadow fleet' tanker, stepping up pressure on Russia
(DBN)

Zelenskyy says Russia is shifting air defenses to Moscow and other key sites after drone strikes
(DBN)

Moscow gets a taste of Vladimir Putin’s war
(DBN)

Why Vladimir Putin will never stand trial in The Hague
(DBN)

____________

Italy:

US ambassador billionaire is accused of 'flaunting' his wealth by furious Italians by sailing his $450m six-floor superyacht to Venice
(DBN)

____________

Argentina:

IMF: Confident on Argentina repayment, even after staff flags exceptional risks
(DBN)

____________

Germany:

Why Germany’s cities are going broke
(DBN)

AFD: German Far-Right on Brink of First State Government Since WWII
(DBN)

____________

China:

Salami slicing: How China is trying to increase control in the Pacific
(DBN)

____________

South Korea:

South Korea’s housing crunch offers a warning for other countries
(DBN)

____________

Brazil:

Braskem seeks emergency protection as debt talks hit snags
(DBN)

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Hong Kong:

Court of Appeal clarifies creditor benefit test for foreign-company winding up
(DBN)

____________

Malaysia:

When One Creditor Says No: The High Court Considers Malaysia’s New Cross-Class Cramdown Mechanism
(DBN)

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