June 3, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Milbank Does It Again — Associate Salaries Are Going Up!!!
(DBN)

The Salary Wars Have Begun: First Firm Matches New Biglaw Pay Scale

The Associate Compensation Race Is On With Latest Set Of Raises
(DBN)

Milbank, McDermott Raise Associate Salaries Up to $455,000
(DBN)

New Jersey Supreme Court Censures Fox Rothschild Bankruptcy Partner Over Unauthorized Fund Disbursement
(DBN)

Weil, Gotshal & Manges Seeks Strategic Revamp Amid Competitive NYC Legal Market Pressures
(DBN)

Did Chat GPT Just Replace Law School Office Hours?
(DBN)

Seventh Circuit Court Penalizes Attorney $5,000 for ChatGPT-Generated Legal Brief Errors
(DBN)

The Wiley Rein Data Breach Lawsuit: Yet Another Cybersecurity Wake-Up Call
(DBN)

Sidley’s Partnership Promotions Are Off The Charts Thanks To The Firm’s Brand New Nonequity Tier
(DBN)

Lawyers plead not guilty in alleged insider trading ring
(DBN)

Touro Law Center will expand to Montana with hybrid program
(DBN)

Florida Bankruptcy Court Dismisses Case of Suspended Lawyer Amid Ethical Allegations
(DBN)

New Jersey sues Delaney Hall operators for access after allegations of inhumane conditions'Conditions are not good': Lawyer for ICE detainees shares details of what clients are experiencing inside Delaney Hall Newark mayor makes push to close controversial ICE detention facilityNew Jersey governor blames out-of-state agitators for inflaming Newark ICE detention protests Man charged with threatening to kill ICE officer as protests continue outside New Jersey detention facilityNewly released detainee details harsh conditions inside 'Alligator Alcatraz'Rights groups sue over conditions at largest US immigration detention center
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DOJ is investigating former congressman George Santos for insider trading on Kalshi
(DBN)

Former Trump’s Nevada Prosecutor Ignored DOJ Orders, Favored Allies, Report Reveals
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North Carolina police officer charged with assault after video shows him repeatedly punching Black woman during arrest
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South Carolina jury finds store owner not guilty of murder in killing of Black teen
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Police investigate Iowa man suspected of killing 6 of his relatives and then himself
(DBN)

Anxious GOP lawmakers seek specific promise that DOJ fund is dead before moving on Trump agenda5 lingering questions about Trump’s ‘Anti-Weaponization Fund’ GOP senators keep wary as DOJ tiptoes away from 'Anti-Weaponization Fund'Blanche says DOJ ‘not moving forward’ with $1.776B anti-weaponization fund: ‘Period’Trump to get audit immunity as $1.8 billion fund in doubt
(DBN)

DOJ Just Got Mossed On ’86 47′ Legal Theory
(DBN)

Blake Lively seeks damages, legal fees from Justin Baldoni
(DBN)

New Mexico ‘Truth Commission’ begins investigation into Epstein’s Zorro Ranch, will issue subpoenas
(DBN)

Florida woman charged with manslaughter after dogs fatally maul neighbor on walk
(DBN)

Driver tries mowing down woman at Raising Cane's after being told to be more careful: Cops
(DBN)

Florida Principal Stumbles Through Alphabet in Stunning DUI Arrest
(DBN)

Man stabbed mother of his children with 3-inch scratch awl over and over as kids watched
(DBN)

'Laws are pointless': Man allegedly told cops he would 'be back' to stalk ex-girlfriend
(DBN)

Health care executive drugged, strangled by husband who staged ‘Sex Studio’ crime scene
(DBN)

How I Met Your Mother star is jailed for rape & stabbing girlfriend
(DBN)

'Take care of it': Man upset over noisy neighbor kills him in front of his son, cops say
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Judges:

Free PACER: Senators take another stab at revamping access to federal court records
(DBN)

Trailblazing justice on the federal bankruptcy bench: Hon. Laurel M. Isicoff, J.D. ‘82
(DBN)

Notice of Appointment of United States Bankruptcy Judge Craig A. Pugatch
(DBN)

BK ED WI: Judge Beth E. Hanan Retirement
(DBN)

BK OR: Term Law Clerk Vacancy
(DBN)

Alabama’s new congressional maps do the one thing the Supreme Court still forbids
(DBN)

Kavanaugh, Roberts Join Supreme Court Liberal Justices in Death Row Ruling
(DBN)

Former judge sentenced to 60 days in jail for falsifying records
(DBN)

The radical Justice Thomas
(DBN)

Once-confidential documents reveal Scalia’s role in Supreme Court taking up famous Dick Cheney case
(DBN)

Supreme Court allows Alabama to use House map eliminating a majority-Black district
(DBN)

Democrats Promise to Wreck the Supreme Court
(DBN)

Senate Confirms Trump Judge Pick Rated Unqualified by ABA
(DBN)

Atlanta Judge Risks More Recusal Bids After Judicial Reprimand
(DBN)

Judicial Accountability in Question: Sex Scandal Highlights Concerns Over Judges’ Reliance on Clerks
(DBN)

US Judge Arrested in Drunken-Driving Case Ordered Back to Court
(DBN)

Trump's Jan. 6 judge allows Congress to intervene in Joe Biden's lawsuit against DOJ
(DBN)

Pete Hegseth lost in court again, but Kavanaugh's former clerk helped him avoid the worst
(DBN)

Trump supporter who vowed to execute judges handling POTUS cases tries to eat his words
(DBN)

Federal judge accused of stabbing wife tries using his position to get out of jail free
(DBN)

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Wall Street:

Stock futures are little changed after S&P 500 closes at another record
(DBN)

America’s stock market is surging, but it’s still all about AI
(DBN)

The CFTC has sparked a potential revolution on Wall Street. Exchange stocks are dropping
(DBN)

Trading firms generated $114bn in revenue last year
(DBN)

SpaceX is worth less than half of its $1.75 trillion IPO target, Morningstar says
(DBN)

Elon Musk Laid Out 602 Goals. We Counted How Many He Hit.
(DBN)

Goldman’s David Solomon sees ‘more greed than there is fear’ on Wall Street
(DBN)

Andrew Left’s fraud conviction leaves Wall Street asking: what are the rules?Andrew Left Conviction: Can Investors Be Liable for Stock Opinions?'Bad for everybody': Market pros see short-seller's fraud conviction creating a big chill on Wall Street
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Layoffs:

California Reviews WARN Act as AI Reshapes Jobs
(DBN)

Presbyterian Healthcare Services to layoff 150 workers
(DBN)

Fifth Third Bank to close 75 Michigan branches
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Celebs:

Mercedes-Benz again seeks to repo Shilo Sanders' carDeion Sanders faces backlash amid $11.89M bankruptcy case tied to son
(DBN)

11th Circuit says 2 Live Crew cannot reclaim music catalog
(DBN)

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Crypto:

Crypto liquidations top $1 billion as Bitcoin’s slide deepens
(DBN)

Popular crypto platform shuts down after $50 million hack
(DBN)

Mt. Gox Moves $739M in Bitcoin as Repayment Deadline Looms
(DBN)

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Fraud:

Aspiration co-founder sentenced to 14 years for fraud
(DBN)

May 2026 Ponzi Scheme Roundup
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Wind Energy:

Seven states sue US for paying $1bn to make TotalEnergies exit wind power
(DBN)

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Golf:

Potential PGA Tour Control of LIV Golf
(DBN)

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Private Equity:

KKR, Ares, Blackstone tumble premarket as Partners Group caps private equity fund withdrawals
(DBN)

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Radio:

Struggling Radio Sector Cleans Up Balance Sheets Ahead of Potential Deregulation-Induced M&A Boom
(DBN)

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Economy:

Warsh set to revamp Federal Reserve’s signaling to Wall StreetFed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author
(DBN)

Job openings soar to two-year high as hiring falls, BLS says
(DBN)

America's muddled factory recovery
(DBN)

Factories face soaring costs as Iran war causes supply shocks
(DBN)

OECD warns of global slowdown as U.S.-Iran war stymies economic growth prospects
(DBN)

US job openings are at their highest level in nearly two years
(DBN)

Americans are using buy-now-pay-later for gas and groceries, showing just how expensive daily necessities are now
(DBN)

Gold overtakes US bonds as world’s favorite investment
(DBN)

The career ladder's disappearing rung
(DBN)

One way to get hired right now: Be willing to go to the office five days a week
(DBN)

Hundreds of teens are flooding job ads to work at ice cream shops and swimming pools as they grapple with the worst summer job market in 80 years
(DBN)

Iran war has cost US families $100 billion between increased military funding and higher oil prices, says Moody’s
(DBN)

‘Where we are today is frightening’: A Pulitzer-winning historian sees a doomsday scenario involving China and the national debt
(DBN)

Trump amends tariffs on imported steel, aluminum, copperUS proposes tariffs of at least 10% after forced labor probeTrump begins rebuilding his tariff wall citing forced labor
(DBN)

Supply chain disruptions are back at 2022 levels
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US Debt Clock
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World Debt Clock
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Real Estate:

Biglaw Office Space Driving Best Real Estate Boom This Century
(DBN)

CMBS delinquency rates jump in first quarter
(DBN)

This tiny Texas ranching town is now growing faster than anywhere in America
(DBN)

A Worcester developer’s wife says he forged her name in bankruptcy filings
(DBN)

Bankruptcy judge approves sale of troubled Leland House building in downtown Detroit
(DBN)

Cedars sued again, for receivership over $32 million loan default
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Oil/Gas:

US Emergency Oil Reserve Approaching All-Time Low Despite Trump Promise
(DBN)

Oil industry faces ‘gruesome’ demand shock from Iran crisis
(DBN)

Plunging oil supplies threaten to push fuel prices even higher
(DBN)

Dollar General says customers are buying less food because driving is too expensive
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Media:

Alex Jones dealt setback as Texas judge says she has 'no faith' in Infowars finances, sets high bond
(DBN)

New "60 Minutes" head faces blowback as staffers rebuke changesScott Pelley of ’60 Minutes’ accuses CBS News head Bari Weiss of ‘murdering’ the show, report says CBS News Fires Scott Pelley of ‘60 Minutes’Turmoil at CBS News as Insiders Ponder: What Happens to Scott Pelley, Nick Bilton and Bari Weiss Next?
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Trump missing publicly for 7th day after 'too good to be true' health report
(DBN)

Trump repeats himself for the third time word-for-word in rambling message sparking concern
(DBN)

Trump thinks dementia test proved his 'extreme intelligence'
(DBN)

Donald Trump goes on unhinged social media posting spree with 45 posts in one hour
(DBN)

America’s 250th birthday celebration increasingly centers on Trump
(DBN)

Trump-backed Rep. Randy Feenstra loses Iowa governor primaryFarmer Upsets Trump-Backed Candidate in GOP Primary for Iowa Governor
(DBN)

Democrats see the stars aligning in Iowa
(DBN)

California primary election results: governor’s race too close to call
(DBN)

US primary voters choose midterm candidates as Democrats look to flip key seats
(DBN)

Trump names housing chief Bill Pulte acting intelligence director, replacing Tulsi GabbardGOP senators balk at Trump’s pick of Pulte to head national intelligenceThune on Pulte pick: ‘We don’t need a weaponized’ director of national intelligencePulte appointment as spy chief would give a Trump attack dog access to a trove of intelligence Top US spy agencies feud over turf, missionCassidy: Pulte not ‘competent’ for intelligence director role
(DBN)

Pentagon hires convicted Jan. 6 rioter for sensitive counterterror job
(DBN)

White House Seeks to Impose Political Test on Billions in Federal Grants
(DBN)

Rubio says U.S. is in talks with Iran over nuclear program as senators press for war endgame
(DBN)

Poll: Pope Most Popular, Tucker Least
(DBN)

MAGA Megadonor Gives $5.5 Million Estate to RFK Jr. Nonprofit
(DBN)

What Jill Biden Doesn't Tell UsJill Biden Reveals Details of ‘Frosty’ Interaction With Melania TrumpDoctors checked Biden just after Trump debate as Jill Biden feared he had a stroke
(DBN)

Cruz on high gas prices: ‘I don’t think it’s gonna impact the midterms’
(DBN)

Can a pro-hunting Dem lead blue wave in Iowa?
(DBN)

Inside MAGA’s Fake Gay Motorcycle War
(DBN)

The fall of Ben Shapiro
(DBN)

This Democratic governor won in a landslide — and is now at war with her own base
(DBN)

Ogles says during Pride that ‘Homosexuality has no place in America,’ gets immediate pushback from Lawler, Santos
(DBN)

Ken, Angela Paxton’s divorce trial canceled
(DBN)

‘Like a Klingon prison’: inside Barack Obama’s audacious, near-windowless, $850m presidential library
(DBN)

The Federal Government’s Insect-Defense Agency Is Infested With Bed Bugs
(DBN)

Why young America is trending socialist
(DBN)

‘I thought I had my future wife’: The Florida woman catfishing America’s political class
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Tech:

Trump quietly signs new AI executive orderCritics say it's almost meaningless.
(DBN)

Anthropic faces AI spending backlash before IPO
(DBN)

Anthropic expands powerful Mythos to 150 orgs in 15 countries
(DBN)

Google’s $80bn equity raise adds to that giant AI sucking sound
(DBN)

Martin Scorsese Is Embracing A.I.
(DBN)

Democratic senators push for AI guardrails on military in NDAA
(DBN)

Meta expands safety features to limit harmful content for teens
(DBN)

Florida AG brings ‘first-in-the-nation state-led lawsuit’ against OpenAI and its CEO
(DBN)

Beyond the 'brazen theft' of news: The entire $12 trillion creative economy may now be at risk from AI
(DBN)

Humanoid robots touted as Wall Street’s next ‘golden goose’ amid forecasts of a $200 billion boom
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Consumer Finance:

Credit Card Delinquencies Improve Across All Stages
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Private Credit:

Is the $1.8 Trillion Private Credit Market Headed for a ‘Credit Winter’?
(DBN)

Cliffwater’s flagship private credit fund redemption requests hit 17%
(DBN)

Private-credit firms’ insurers brace for looming legal storm
(DBN)

Private Credit Revenue Climbed 25% at S&P Global Last Quarter. Why That Number Matters More Than the Mobility Spinoff.
(DBN)

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Rail:

Fortress-Backed Brightline Fields Bankruptcy Loan Proposals
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

California personal bankruptcies up 15% in a year
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Mass Torts:

Chubb Unit Ordered to Defend California Diocese in Abuse Cases
(DBN)

Plaintiffs hope state lawsuits spur Baltimore’s Catholic church to agree to larger settlement
(DBN)

Parishes in Buffalo Diocese will undergo ‘rapid’ bankruptcy as part of Chapter 11 process
(DBN)

Canadian Company Seeking Protection from Mesothelioma Lawsuits Wins U.S. Recognition for Bankruptcy
(DBN)

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Chapter 13:

Whose Problem is it, Anyway? Some Thoughts on § 541(b)(7)’s Hanging Paragraph
(DBN)

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Venue:

New Jersey bankruptcy court upholds debtor-chosen venue under Asset Based Approach
(DBN)

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SCOTUS:

Anniversaries: 15 Years of Stern v. Marshall & 44 Years of Northern Pipeline (Part 1)
(DBN)

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Bankruptcy Administrators:

BK WD NC: Bankruptcy Administrator seeks Staff Attorney and Subchapter V Trustees
(DBN)

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Insiders:

Retention of Bankruptcy Professionals: Court Concludes that a Debtor’s First Cousin is Not a “Relative” and Thus Not an “Insider”
(DBN)

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Trustees:

Is Trustee Required to Disclose Information Voluntarily Provided by a Creditor on a Confidential Basis?
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Aviation:

Spirit Airlines shutdown expands in Atlanta as more than 600 employees face layoffs
(DBN)

Shocking moment crazed passenger tries to open plane door and jump out mid-air before others tackle him
(DBN)

Americans are facing massive lines at European airports amid new rules
(DBN)

Mullin faces backlash over ‘naive or dumb’ plan to pull CBP from blue-city airports
(DBN)

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Corporate Governance:

SpaceX Pioneers Texas Legal Strategy to Navigate Securities Class Action Challenges
(DBN)

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Personal Finance:

Many Americans now need $20,000 in an emergency savings fund. Yes, really.
(DBN)

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Food/Beverage:

Hi Sign Brewing files for bankruptcy
(DBN)

Red Mesa files for bankruptcy, closes downtown location
(DBN)

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Agribusiness:

The Iran war is jacking up fertilizer prices and forcing farmers to make tough calls. 'If I guess wrong, I lose the farm.'
(DBN)

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Education:

Croft School plans to file for bankruptcy this weekNo buyers for Croft Schools in Providence, Jamaica Plain, board says
(DBN)

South Florida nursing-school scandal heads to its end with trial of former owner
(DBN)

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Festivals:

Phoenix Pride files for bankruptcy amid nationwide financial crunch
(DBN)

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Retailing:

Neiman Marcus will close landmark downtown Dallas store
(DBN)

West Marine’s Slow Capsize: Debt, Bad Weather, and a Pandemic Hangover Drive Chapter 11 Filing
(DBN)

Saks Achieves $1.6 Billion in Sales During Bankruptcy Period, Suffers $63 Million LossRichard Baker objects to Saks Global's Chapter 11 reorganization plan
(DBN)

Macy’s posts strongest Q1 growth in four years, raises guidance despite consumer worries
(DBN)

Ulta shares pop as beauty retailer beats Wall Street expectations and hikes earnings outlook
(DBN)

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Trucking:

118-year-old transportation company files for bankruptcy
(DBN)

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Theme Parks:

Thirty beluga whales remain at Marineland, the defunct theme park and zoo in Niagara Falls, Ont.
(DBN)

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Healthcare:

Who will buy Oroville Hospital? Auction date now set
(DBN)

Gov. Lamont signs CT hospital oversight law targeting private equity influence
(DBN)

97,000 More Connecticut Residents Will Have Medical Debt Erased
(DBN)

Massachusetts Attorney General Sues UnitedHealthcare, Alleges $100M MassHealth Fraud
(DBN)

Trump issues final rule requiring most Medicaid beneficiaries to work
(DBN)

Ebola may have been spreading unchecked since January, aid groups fearKenyan court extends order blocking US hospital for American Ebola patientsWhy the US doesn’t want American Ebola patients to return home
(DBN)

Some hantavirus-exposed cruise ship passengers return home to finish quarantine
(DBN)

Cleveland mandates jail time, stricter penalties for menacing healthcare workers
(DBN)

Michigan found a way to reduce school vaccine waivers. Until it backfired
(DBN)

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Sovereigns:

Venezuela Retains Hogan Lovells for Major Sovereign Debt Restructuring
(DBN)

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UK:

MFS administrators clash over Apollo-backed plan to reclaim lost billions
(DBN)

Ancient cathedral in Britain's smallest city could go bust
(DBN)

Debt-ridden graduates seen as ‘cash cows’ to fund older people’s lifestyles, MPs told
(DBN)

Lawrence Dallaglio accused of lavish lifestyle after bankruptcy extended
(DBN)

Bradford housebuilder 'moved most valuable asset into partner's hands as creditors closed in'
(DBN)

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EU:

EU risks losing more than one million jobs over global pressures
(DBN)

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MENA:

How Israel’s Strategy in Lebanon Was Thwarted, by Hezbollah and Trump
(DBN)

94 days of paralysis: The Strait of Hormuz remains choked off
(DBN)

Rubio details US demands as Iran peace talks falterRubio: Iran Supreme Leader ‘increasingly engaging’Trump attacks Iranian island & dramatic vid shows US unleash hellfire missileIran launches missiles at Gulf neighbors as ceasefire on brink of collapseKuwait Says Iranian Attack Has Damaged Its Main Airport
(DBN)

Axelrod on reported Trump outburst at Netanyahu: ‘His analysis is not wrong’Trump’s Netanyahu problem is latest key hurdle to Iran deal
(DBN)

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Russia:

Wealthy Russians see empires crumble as Putin seizes assets
(DBN)

As Russia fails to achieve war aims in Ukraine, Putin needs a way out
(DBN)

Ukraine changed its tactics, and now Putin is slowly losing
(DBN)

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Mexico:

Mexico rebukes US ambassador in growing narco spat
(DBN)

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