June 5, 2026

The Daily Bankruptcy News

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3-Column Formating

 

Law:

‘Over The Top’: The Race To Outdo Milbank’s New Salary Scale Has Officially Started
(DBN)

Boutique Firm Hands Out Spring Bonuses As Compensation Fever Spreads
(DBN)

Paul Weiss Spinoff Dunn Isaacson Rhee Dishes Out Bonuses
(DBN)

When Your Partners Are Making $9 Million, Matching Milbank Is The Easy Part
(DBN)

Don’t Mess With Texas (Boutiques) — Or Their Associate Salaries
(DBN)

Quinn Emanuel Ups Associate Salaries, on Way to Record Year
(DBN)

The Real Difference Between The Highest And Lowest Paid Biglaw Equity Partners
(DBN)

Now Is Not The Time
(DBN)

Attorneys’ lack of candor over AI errors leads to stricter sanctions
(DBN)

Big Law’s AI Race Is Ripping Up Its Follow-the-Leader Culture
(DBN)

Kirkland Signals Meaningful but Not Transformational AI Future
(DBN)

Kirkland $500 Million AI Bid Highlights Access-to-Justice Issues
(DBN)

The AI Consultant Problem: What A Disgraced Immigration Lawyer Teaches About The Perils Of An Unqualified Lawyer Coach
(DBN)

Becoming AI-Proof In A Profession Being Rebuilt By AI
(DBN)

SpaceX Details Legal Fees as IPO Proceeds Without Law Chief
(DBN)

88 law school deans unite to support professional independence
(DBN)

DOJ seeks 8-year prison sentence for SCOTUSblog founder Tom Goldstein
(DBN)

Elon University gets nod from ABA Legal Ed council to move forward on merger
(DBN)

He was 3 when first taken from his mom's arms. Last year immigration officials took her away again.
(DBN)

Justice Department Eyes Alternative ‘Weaponization’ Payouts After Fund Pushback
(DBN)

Senate GOP defeats initial attempts to kill DOJ payout fundSenate passes $70B bill to fund immigration enforcement, without limits on Trump ‘anti-weaponization’ fund
(DBN)

Obscure Group With Trump Ties Plans to Route Funds to His Allies for Legal Fights
(DBN)

New SPLC Indictment Has Us Wondering If The DOJ Is Trying To Lose
(DBN)

John Bolton will reportedly plead guilty over mishandling classified documents
(DBN)

Here's why the DOJ's probe into billionaire's nonprofit over E Jean Carroll case worries me: Lawyer
(DBN)

Trump says he will nominate Todd Blanche as US attorney generalHow Todd Blanche Avoided Pam Bondi’s Missteps With TrumpTodd Blanche won over his key audience of one. Now come the 100.
(DBN)

Trump lawyers refuse to reveal financial information to BBC in $10bn lawsuit
(DBN)

Trump may have sued his way into a discovery nightmare in Florida
(DBN)

Leaked documents expose growing white supremacist group
(DBN)

Video shows Pentagon counterterrorism hire clambering into Capitol on Jan. 6
(DBN)

Shia LeBeouf Pleads Guilty To Mardi Gras Battery Charges
(DBN)

Prosecutor tells jury that the killing of a teen at a Texas track meet was murder, not self-defenseFamily of Austin Metcalf sobs in court as coach details teen’s ‘purple face’ & ‘hole in chest’ as twin brother screamed
(DBN)

Man griped about custody before whole family was found stabbed to death: Report
(DBN)

Family sues Campbell Soup over alleged ‘worm-like organisms’ inside SpaghettiOs
(DBN)

Man celebrated his birthday at a bar with his roommate, who later gunned him down: Police
(DBN)

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Judges:

View from the Bench: Bankruptcy Chief Judge Alan S. Trust (Ret.), Eastern District of New York
(DBN)

Chief Judge Michael B. Brennan announced that the United States Court of Appeals for the Seventh Circuit has reappointed Bankruptcy Judge Catherine J. Furay to another 14-year term
(DBN)

Career Opportunity - Judicial Law Clerk - Term, Pittsburgh, PA
(DBN)

The two Roberts courts
(DBN)

The Proposed Trump NDA Is Following John Roberts’s Bad Example
(DBN)

House Republicans advance constitutional amendment to prevent US Supreme Court expansion
(DBN)

Supreme Court sides with Trump administration on federal regulation of telecom companies
(DBN)

The Supreme Court Doesn’t Care About Voting Anymore
(DBN)

Supreme Court fast-tracks Alabama gerrymander for 2026
(DBN)

Judge Leans Into The Dystopia Of 2026
(DBN)

House Republican Preps Impeachment Bid Against Atlanta Judge
(DBN)

Trump DOJ gives judge a deadline to oust herself after 'discovery' of 'misconduct'
(DBN)

Judges astonished at Florida lawyer's basic errors in appellate brief
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Wall Street:

S&P 500 futures tick lower amid tech slump; Wall Street awaits May jobs report
(DBN)

Dow surges nearly 900 points for record close as investors rotate away from tech names
(DBN)

SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy laterSpaceX IPO shows Musk’s genius is in mythmakingGoldman Sachs expects SpaceX’s AI revenue to increase 100-fold by 2030In 'wild' twist, SpaceX won't be allowed early entry to the S&P 500 after all Elon Musk’s SpaceX lines up retail investors for record IPO allocationWall Street’s red carpet for SpaceXMusk leaves investors starstruck at Dimon’s SpaceX extravaganzaWhat SpaceX is really worth, according to the professor called the dean of valuationElon Musk's $1.75 trillion SpaceX valuation leaves virtually zero room for error
(DBN)

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Layoffs:

US tech sector announces most job cuts in nearly two years
(DBN)

AI cited as top reason for US job cuts for third straight month
(DBN)

Senior Resource Connection to lay off 190 employees
(DBN)

Trump makes it easier to fire thousands of federal workersTrump's DOGE purge strikes back: 8,000 federal workers face the chop under sweeping order
(DBN)

AI drives 40% of May layoffs as job cuts hit highest level since 2020
(DBN)

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Tech:

AI fervor helped mint 2 million global millionaires in 2025
(DBN)

How much value is AI really creating?
(DBN)

Humanoids bring AI’s creative destruction to the shop floor
(DBN)

Wasted AI budgets at Uber, Microsoft and Nvidia trigger hiring - because human workers are cheaper
(DBN)

OpenAI says it will comply with Trump’s order requiring AI model reviews before release
(DBN)

By every measure, US companies are winning on AI adoption—but a series of high-profile snafus shows they’re getting pummeled by costs
(DBN)

Bernie Sanders wants Americans to own a piece of AI. The Trump White House seems to agree
(DBN)

The AI Bubble Has Become So Surreal That It’s Now Propping Up the Toilet Industry
(DBN)

A new AI-powered computer worm could prove to be the stuff of cybersecurity nightmares
(DBN)

Broadcom set to shed $300 billion in value as AI results fail to impress
(DBN)

Jeff Bezos Is Funding a Wild Hunt for the Brain’s ‘Core Algorithm’
(DBN)

AI capex rush seen as continuing as market stresses bubble up
(DBN)

The nightmare of finding a summer internship in the age of AI
(DBN)

What’s fueling AI companies’ IPO rush
(DBN)

House lawmakers introduce draft for national AI framework
(DBN)

UK lawmaker says she is suing Elon Musk's company over fake Grok bikini images
(DBN)

Anthropic calls for AI pause button to let humans take stock
(DBN)

Map Shows Where Data Center Bans Could Strike Next
(DBN)

Illinois Gov. JB Pritzker to suspend tax breaks offered to data centers
(DBN)

Bot web traffic has overtaken human web traffic, data shows
(DBN)

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Consumer Protection:

Consumer protection agency deletes thousands of pages as Trump administration seeks to dismantle it
(DBN)

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Education:

Trump officials went after dozens of colleges. Now they’re rewriting the rules for all of academia
(DBN)

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Economy:

May jobs report expected to show growth in an economy squeezed by inflation
(DBN)

US weekly jobless claims increase more than expected; labor market remains stableUS jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February
(DBN)

Coca-Cola CFO: Some consumers ‘not as resilient as you think’
(DBN)

Where’s the Global Economic Meltdown?
(DBN)

Fed Beige Book shows steady employment, higher inflation
(DBN)

Fed’s Logan finds more inflation drivers in West Texas
(DBN)

Long-term unemployment is surging in the U.S. There are hidden costs for workers and the economy
(DBN)

The super rich rocket ahead of the regular rich
(DBN)

These Fortune 500 companies are bigger than most national economies—here’s where they’d rank as countries
(DBN)

The labor market’s next chapter is taking shape. Here’s what to watch for in Friday’s jobs report
(DBN)

A war-weary Treasury market faces a fresh test with Friday's jobs report
(DBN)

Krugman: Illegal Tariffs, Round 3 Trump's rebuilding his tariffs. They could end up a lot narrower. Court halts order finding new Trump tariffs unlawful for now
(DBN)

Delinquency Rates On Almost Every Type Of Major Loan On The Rise As Americans’ Savings Hit Rock Bottom
(DBN)

How to pay for a life of abundance in a world without work
(DBN)

US Debt Clock
(DBN)

World Debt Clock
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Real Estate:

The Bankruptcy Code's Missing Link: How the Undefined "Executory Contract" Quandary is Leaving Land Sales and Bankruptcy Courts in Limbo
(DBN)

Higher mortgage rates don’t just keep buyers on the sidelines. Application denials rise too
(DBN)

Zohran Mamdani’s capitalist plan to fix the housing crisis
(DBN)

Long-stalled San Antonio development designed for military, veterans files bankruptcy
(DBN)

FL property tax plan: Will it ‘defund’ essential services?
(DBN)

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Municipalities:

Some of the biggest US sporting towns decided not to host any World Cup games, fearing a major financial burden to our cities
(DBN)

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Oil/Gas:

Oil prices fall 3% on report Trump reluctant to restart Iran war
(DBN)

US gasoline stockpiles are falling at a record rate
(DBN)

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Politics:

Tracking approval and key issuesTrump net approval hits new low: Polling tracker
(DBN)

Republicans see trouble with independents for Trump
(DBN)

Is Donald Trump’s aura of invincibility fading?
(DBN)

House passes Ukraine aid bill in another GOP rebuke of Trump’s foreign policy
(DBN)

Trump broadens US military footprint
(DBN)

Trump threatens huge attack on Cuba immediately after Iran was as WW3 fears explode
(DBN)

Kennedy Center memo directs staffers to remove Trump’s name from the arts center
(DBN)

The four Republicans who broke with Trump on Iran and now face his wrath
(DBN)

These 7 GOP Senators Are Most Likely to Rebel Against Trump
(DBN)

Democrats question reported White House intervention in loan for Donald Trump Jr.
(DBN)

Bill Pulte Was a “Degenerate” Buffoon. Now He’s Head of U.S. Intelligence. Trump says Pulte won’t be permanent national intelligence director
(DBN)

Inside the UFC’s $60 Million Made-For-TV White House GambitSaudi plans for UFC and WWE emerge after pulling plug on LIV Golf funding
(DBN)

The hair-loss drug Trump took for years is now absent from his medical records
(DBN)

Some Republican governors are rebranding June with conservative alternatives to Pride
(DBN)

Richard Gere calls Trump a ‘maniac’ at Oslo human rights forum
(DBN)

Trump goes after California, claiming election being stolen as results trickle in
(DBN)

Several Women Who Dated Graham Platner Recall ‘Unsettling’ Behavior
(DBN)

Fox News poll finds Brown leading Ohio Senate race by 8 points as Trump favorability drops
(DBN)

Four Senate Republicans again unite with Dems to block Trump's SAVE America Act
(DBN)

US cities dust off statues they hid away in 2020
(DBN)

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Crypto:

Bitcoin has longest losing streak since August in bruising week
(DBN)

Bitcoin tumbles after Strategy sale unnerves crypto traders
(DBN)

The American Legal System Indicted: The Troubling Story of the FTX Bankruptcy and Prosecution of Sam Bankman-Fried
(DBN)

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Gambling:

Two more WA casinos to close, 132 jobs cut amid Kirkland casino company’s bankruptcy
(DBN)

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Religion:

Ahead of papal visit, Spain pushes forward with reparations for church sex abuse victims
(DBN)

Washington archbishop removes priest as exorcist after comments on UFOs and demons
(DBN)

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Retailing:

QVC celebrates 40th anniversary with TikTok Shop event
(DBN)

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Apparel:

Lululemon admits far more work is needed for a turnaround, and its stock sinks
(DBN)

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Private Credit:

Blackstone restricts flagship fund withdrawals as private asset fears reemergeBlackstone fund caps withdrawals. Why private-credit stocks aren’t falling this time.
(DBN)

US prosecutors are asking about private markets valuations, DOJ's Clayton says
(DBN)

Private credit industry in a stress test: Oaktree's Lee
(DBN)

Private Credit’s Resurgent Redemptions Shatter Short-Lived Calm
(DBN)

Buyout and Debt Funds Struggle With $632 Billion Stockpile
(DBN)

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Celebs:

Mercedes Hunts Shilo Sanders Over $9,170 After He Ignored $11.89M Judgment
(DBN)

Cardi B Hits Tasha K With $110K Attorneys’ Fees Bill After Lawyer’s AI Slop Backfire
(DBN)

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Student Debt:

Congressman Shri Thanedar Proposes Legislation to Reform Student Loan Bankruptcy Practices
(DBN)

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Awards:

Chambers 2026: Bankruptcy/Restructuring | USAHighly RegardedThe Elite
(DBN)

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Accounting:

PwC cuts partner payouts in China Evergrande fallout
(DBN)

Backlash over plan to drop US quarterly reporting demands is building
(DBN)

KPMG’s global bosses refused to probe Australia whistleblower claims
(DBN)

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History:

The forgotten crash of 1873 and its lessons for today’s AI frenzy
(DBN)

The Supreme Court’s long history of shaping race
(DBN)

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Media:

Inside the CBS mutiny against Bari Weiss and David Ellison
(DBN)

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Freight:

Freight distress spreads as bankruptcies, layoffs top 600 jobs
(DBN)

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Ride Hailing:

Uber is recruiting fewer drivers in cities with self-driving taxis, CEO Dara Khosrowshahi says
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (188 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Policy:

Chapter 11 Used to Fix Businesses. Not Anymore, Says Weil Gotshal’s Sunny Singh
(DBN)

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Mass Torts:

Ohio State University reaches $100 million settlement in sexual abuse case
(DBN)

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D&O:

AI, D&O Risk, and the Limits of Underwriting
(DBN)

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Subchapter V:

A Removed Debtor In Possession Problem
(DBN)

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Miscellaneous:

Paul Weiss: Restructuring and Debt Capital Solutions Group Bulletin – June 2026
(DBN)

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Aviation:

NY Port Authority Objects to Spirit Push to Sell LaGuardia Slots
(DBN)

Spirit Airlines Shutdown Forces Thousands of US Employees to Reset Careers
(DBN)

European Cargo files for bankruptcy
(DBN)

Nigeria: Government Deductions May Push Aviation Agencies to Cash Crunch, Bankruptcy
(DBN)

Terrifying moment new Boeing plane’s landing gear collapses as passengers are boarding with ‘several’ crew members hurt
(DBN)

American Airlines temporarily suspends some of its summer routes due to steep jet fuel costs
(DBN)

United co-pilot warned plane was slow, low before Newark mishap
(DBN)

How the war in Iran could end affordable air travel
(DBN)

Man is charged with bringing a bomb in his carry-on bag to a California airport
(DBN)

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Social Media:

‘Teachers Are Going to Hate It’: How Social Media Apps Hooked Teens at School
(DBN)

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Coal:

Trump to announce nearly $700 million in coal supportCoal stocks climb as Trump shovels $700 million to the sector
(DBN)

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Healthcare:

‘I’ve become less optimistic’ says CEO as Jackson Hospital sets closing deadline for BCBS Alabama dealStruggling Alabama hospital to close July 1 without Blue Cross deal: ‘True emergency’BCBS Alabama responds to Jackson Hospital’s warning of imminent closure without deal
(DBN)

RFK Jr. seeks to peek at Americans’ medical records for clues on autism and vaccines
(DBN)

Inside the Trump-backed push to bring AI doctors into American medicine
(DBN)

Americans Born After 1970 Are Dying Faster Than Previous Generations Did At Their Age
(DBN)

US to keep out green-card holders with Ebola-area travel
(DBN)

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Fraud:

Supreme Court upholds broad reading of SEC authority to recoup ill-gotten gains in fraud cases
(DBN)

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Tax:

Trump’s ‘big beautiful bill’ has a ‘double taxation’ trap for top earners, tax experts say
(DBN)

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Food/Beverage:

Red Lobster survived bankruptcy. It couldn't survive Times Square.
(DBN)

Viral cookie chain files Chapter 11 bankruptcy
(DBN)

Austin's Hi Sign Brewing turns to bankruptcy court as craft beer industry struggles
(DBN)

What would Jesus drink? Welcome to the age of Christian energy beverages
(DBN)

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Social Media:

China uses LinkedIn to lure spy recruits in West, US and allies warn
(DBN)

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Distressed Investing:

The Bankruptcy Arbitrage , How Smart Money Profiles and profits Off Corporate Restructurings
(DBN)

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Call Centers:

Hedge funds bet against call center stocks as AI threat grows
(DBN)

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Corporate Governance:

Thinking About Exxon’s Reincorporation in Texas
(DBN)

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Agribusiness:

Monette Farms Puts 274K Acres for Sale
(DBN)

Flesh-eating screwworm returns to USA after 60 years, threatening cattle herd
(DBN)

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Personal Finance:

Some singles now expect their dates to pay for their Ubers while gas prices are so high
(DBN)

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Sovereigns:

Governments need to learn how to talk about debt
(DBN)

Loss of nature is pushing nations toward credit downgrades and 'bankruptcy'
(DBN)

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UK:

Private schools in England lose 20,000 pupils in first full year of VAT on fees
(DBN)

Lex Greensill banned from UK directorships for 9 years
(DBN)

UK consumers most pessimistic in Europe about their finances
(DBN)

U.S. cites ‘civilizational decline’ in criticism over murder case roiling Britain
(DBN)

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EU:

Pentagon likely to cancel missile deal with Germany over fears of Russia
(DBN)

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Canada:

Natasha MacParland to lead Dentons’ restructuring, insolvency, and bankruptcy group in Toronto
(DBN)

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MENA:

Kuwait bears brunt of Iranian response to US ship attacks
(DBN)

Hezbollah rejects Israel-Lebanon ceasefire termsHezbollah denounces Israel-Lebanon ceasefire deal as a 'farce'Hezbollah’s Fiber-Optic Drones Expose Cracks in Israeli Defenses
(DBN)

Oil falls after Lebanon and Israel agree ceasefire
(DBN)

Trump allies and critics worry he’s boxed in by Iran warTrump says he could meet Iran’s supreme leader ‘if it was to make a deal’US and Iran show little progress in talks after week of clashes
(DBN)

Penny Wong says she believes Israeli soldiers sexually assaulted and abused Australian women after Gaza flotilla
(DBN)

Ships stranded in Persian Gulf quietly coordinate with U.S. Navy to exit Hormuz
(DBN)

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Colombia:

Can a U.S. Citizen Become Colombia’s President?
(DBN)

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Russia:

Putin faces rival visions of war and peace at Russia's 'Davos'Putin faces Ukrainian drone threat and stagnating economy at ‘Russian Davos’
(DBN)

Zelenskyy asks Putin for meeting to end war as they 'can't wait for United States'Zelensky says he would meet Putin face-to-face but dictator Vlad reveals who he wants to mediate peace deal
(DBN)

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India:

IBBI Revises Personal Guarantor Rules as Asset Transfers Now Require Creditor Approval
(DBN)

IBBI Notifies CIRP Amendment Regulations 2026 to Reduce Insolvency Disputes
(DBN)

India’s economy expands at 7.8% over January to March — faster than expected
(DBN)

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Australia:

Two Sydney venues of bankrupt publican Jon Adgemis in new hands
(DBN)

No Set-Off for the Insolvent Trustee: What Segal v Sharma (No 3) Means for Trust Creditors
(DBN)

Australian cockroach kingpin caught with 100,000 illegal insects in record bug bust
(DBN)

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