May 21, 2026

The Daily Bankruptcy News

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Law:

Big Law’s Innovation Leaders Have Never Been More Overwhelmed
(DBN)

Biglaw Firm Giving Their Associates The Best Work
(DBN)

Susman Godfrey Continues DEI Scholarship Program As Other Biglaw Firms Flinch Amid Intensifying Political Attacks
(DBN)

Quinn Emanuel Just Got a $3 Million Ethics Lesson. A Judge Made Them Write It ThemselvesQuinn Emanuel Gets $3 Million Sanction
(DBN)

Haynes Boone Guides LYCRA Through Chapter 11 Restructuring, Reducing Debt by $1.2 Billion
(DBN)

Lawyer can’t represent plaintiffs in morgue scandal because of past AI errors, judge says
(DBN)

Don’t Let The Client Write The Brief As A Treat
(DBN)

Spencer Fane Welcomes Plano Partner with Prolific Bankruptcy and Restructuring Background
(DBN)

Lawyer arrested in alleged hit man plot involving custody dispute between influencer, boy band member
(DBN)

Besides payment, what can be addressed in client engagement agreements? New ABA opinion offers directionLawyers Can Drop Uncooperative Clients, Within Limits, ABA Says
(DBN)

ABA announces eight winners of the 2026 Silver Gavel Awards for Media and the Arts
(DBN)

Maybe Law Professors Need To Sit Out The Next Few Constitutional Crises
(DBN)

Police officers who defended US Capitol on January 6 sue to stop Trump’s ‘anti-weaponization’ fund
(DBN)

Trump orders banks to take a closer look at clients’ citizenship in new immigration enforcement moveThe unintended consequences of mass deportations
(DBN)

Comey eyes new ‘anti-weaponization’ fund: ‘I’m guessing I’ll be in line’
(DBN)

Trump-Aligned Lawyers Set Sights on ‘Anti-Weaponization’ Fund
(DBN)

Jan. 6 cops say Trump's 'chilling' $1.776B fund puts them in perpetual danger
(DBN)

Senate confirms new US attorney in Wyoming, despite misconduct allegations
(DBN)

San Diego Mosque Suspects’ Manifesto Detailed
(DBN)

Trump’s EEOC chair is suing The New York Times because ‘we should bring it on behalf of white workers too’
(DBN)

America’s toxic divide reaches the jury room
(DBN)

He Was Jailed Over a Charlie Kirk Post. The Sheriff Now Owes Him $835,000.
(DBN)

Epstein's mysterious 'main girlfriend' facing new probe despite immunity deal: report
(DBN)

Former prosecutor charged with emailing herself Jack Smith report, disguising it as cake recipe
(DBN)

School official did nothing after being told about 6-year-old with a gun, prosecutor says
(DBN)

After 5 decades and 600 executions, these are the last words on Texas’ death row
(DBN)

Man caught by Amazon delivery driver trying to kill wife with hammer was worried about her retirement, police say
(DBN)

At least 3 dead & 20 more hospitalized after exposure to ‘unknown substance’ at New Mexico home as cops say ‘stay away’
(DBN)

Florida duo gloated about killing off-duty firefighter for his phone, sneakers in front of resort: witness
(DBN)

Man who offered woman new job kills her when she moves for the role: Authorities
(DBN)

Dad came home from vacation to find out his daughter killed a man at his house
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Man went to Walmart to pick out the perfect knife to kill his ex-girlfriend with: Police
(DBN)

Teen killed man, got angry when family called 911 instead of helping move body: Police
(DBN)

Man in Toyota Tacoma backs over ex-girlfriend's head, gets 3 weekends in jail for it
(DBN)

Beach days turn bloody with 3 stabbed in violent brawl after ‘teen takeovers’ mob coastal towns sparking strict curfewsHundreds of young people take over NJ beach town, sparking chaos and curfew ahead of Memorial Day weekendMap Shows US Cities Hit by ‘Teen Takeovers’
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Judges:

Extension of Designation for Bankruptcy Judge Heather Z. Cooper to Temporarily Serve in the Eastern District of New York
(DBN)

Jackson Issues ‘Consequences’ Warning as SCOTUS Faces Approval CrisisJustice Jackson's Supreme Court warning amid approval crisisJustice Jackson criticizes the court
(DBN)

The Supreme Court refuses to ‘toy with’ protecting democracy
(DBN)

Appeals court says hospital can comply with subpoena over transgender child records
(DBN)

A MAGA Judge’s Shocking Power Grab Crosses Over Into an Impeachable Offense
(DBN)

Appeals court shrugs off complex legal battle over transgender child records
(DBN)

Federal judge orders Trump White House to comply with ‘modest constraint’ on president
(DBN)

ICE arrests man in immigration court right after federal judge tells them to stop
(DBN)

Judge who boosted Trump's 'Russiagate' suit against Pulitzer board faces ethics complaint
(DBN)

Appeals court upholds jury’s $5M award over attorney groping
(DBN)

Delaware Recusal Bids Look More Like Odd Blip Than New Normal
(DBN)

A docket in the shadow of bigger problems
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Wall Street:

S&P 500 futures edge lower as traders analyze Nvidia earnings
(DBN)

Stocks rally back as rate and oil fears ease. Dow jumps more than 600 points
(DBN)

Elon Musk’s SpaceX reveals plans for biggest-ever IPOSpaceX IPO requires leap of faith in AI, Mars and Musk’s visionWhat’s in SpaceX’s IPO prospectus?SpaceX shows $4.3 billion loss as Musk targets record IPOSpaceX not the behemoth everyone thoughtSpaceX finally files IPO prospectus, reveals revenue is up but losses are tooElon Musk’s proposed pay package in SpaceX’s IPO filing reveals what the company actually is: a $1 trillion monster built to colonize MarsSpaceX IPO targets $28.5 trillion total addressable marketSpaceX has spent more than $15 billion on Starship rocket
(DBN)

Sam Altman’s OpenAI reportedly preparing to file for blockbuster IPO soon
(DBN)

'Credit termites' are lurking in the bond market and eating away at your portfolio
(DBN)

JPMorgan banker fights back over ‘fabricated’ sex harassment claims
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Layoffs:

'Meta said it out loud': Leaked audio catches damning Mark Zuckerberg admission to staff
(DBN)

Zuckerberg promises no more ‘company-wide’ lay-offs at Meta after slashing jobs
(DBN)

Grand Rapids' Acrisure to cut 2,250 jobs, cites AI and technology
(DBN)

Intuit plans to cut workforce by about 17% as company reckons with slowing growth
(DBN)

While other tech CEOs warn of mass job losses, Glean’s chief says AI will never replace a single worker
(DBN)

Workers say mass Spirit Airlines layoffs violate federal law
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Crypto:

Prime Trust bankruptcy estate sued Strike over alleged $13.8 million and 1,758 BTC in transfers
(DBN)

Jane Street Sued Over Alleged Insider Trading During Terra Collapse
(DBN)

Crypto collapse: Bitcoin Depot files for Chapter 11
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Sports:

Thousands of World Cup Tickets Remain Unsold, Including USA Games
(DBN)

ICE Reveals World Cup Operations Amid Struggling Ticket Sales
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Personal Finance:

She paid an insurance company $99,000 to generate retirement income for life. Then it collapsed.
(DBN)

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Agribusiness:

Kansas farmers hit hard by weather extremes and growing costs, wheat crop could be worst since 1972
(DBN)

Farm crisis in MN: Bigger farm size doesn't guarantee survival
(DBN)

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Education:

School Choice Is Creating Two Separate School Systems
(DBN)

Harvard faculty votes to make it more difficult for undergrads to earn A’s
(DBN)

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Economy:

Credit Card Delinquencies Skyrocket As Consumers Feel Financial Strain
(DBN)

Most Fed Officials Embraced Possibility of Higher Rates at Recent MeetingFed officials see rate hike ahead if inflation stays elevated, minutes showMany Fed officials called for central bank to drop rate-cut signal in April
(DBN)

Battles to shrink the Federal Reserve's balance sheet begin
(DBN)

Fed's Paulson says current policy appropriate, but 'healthy' to consider extended hold or hikes
(DBN)

Americans Are Running Out of Unemployment Benefits
(DBN)

How to protect the economy from the ghosts of 1979
(DBN)

Krugman: New Trump nominee about to run into buzzsaw as he runs risk of humiliation
(DBN)

Trump Is the High-Prices President
(DBN)

Groceries just had the biggest price hike in years. It’s about to get even worse, experts warn
(DBN)

E.l.f. Beauty to walk back some tariff price increases amid high gas prices and consumer ‘suffering’
(DBN)

To 2026 Graduates Facing a Bleak Job Market, 1991 Grads Have Some Advice
(DBN)

Amazon’s Jeff Bezos calls for zero income taxes on bottom half of earners — while also taking jab at tax-the-rich pols
(DBN)

Jeff Bezos says raising taxes on the wealthy won’t help the average AmericanZohran Mamdani Claps Back At Jeff Bezos' 'Teacher In Queens' Quip: 'Beg To Differ' Zohran Mamdani rebuffs Jeff Bezos comment on raising taxes
(DBN)

80% of companies have an immigrant in a top leadership role—Trump’s visa crackdown is forcing them to make a 'plan C'
(DBN)

Pay for American workers is lagging inflation — again
(DBN)

US national debt officially hits $39 trillion—adding approximately $5 billion a day since October
(DBN)

Pay transparency is exposing a bigger problem: Most companies can’t explain why they pay what they pay
(DBN)

Junk Debt's Red-Hot Rally Sparks Complacency Fears as Risk Rises
(DBN)

US Debt Clock
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World Debt Clock
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Real Estate:

Map Shows Most Affordable Cities to Buy a Home
(DBN)

Bipartisan home affordability bill passes the House
(DBN)

Architecture Billings "Retreat" in April
(DBN)

Massive Palm Beach County tract to hit market as Don King’s jai alai fronton heads to bankruptcyDon King's Palm Beach Jai Alai Land Play Ducks Foreclosure, Hits Market
(DBN)

Jeff Bezos weighs in on Mayor Mamdani’s pied-à-terre tax: "A fine thing for New York to do"Jeff Bezos blasts Mamdani for casting billionaire Ken Griffin as a ‘villain’Jeff Bezos on Zohran Mamdani’s big mistake: 'When you don’t know how to solve a problem, create a villain, blame them'
(DBN)

Mamdani’s tax plans may hurt New York, says JPMorgan’s Dimon
(DBN)

A major chunk of Chicago-area home listings just went dark on Zillow. Here's why
(DBN)

The State Of REITs: May 2026 Edition
(DBN)

Huge Poipu Vacation Condo Project Lands In Bankruptcy
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Municipalities:

Detroit's bankruptcy case closed, no longer under court supervision
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Oil/Gas:

US Average Gas Price Surges Back to Record High Under Trump
(DBN)

The oil shock is coming for America
(DBN)

U.S. crude oil falls below $100 per barrel after Trump says Iran talks in final stages
(DBN)

Prices at the pump hit $4 a gallon in all 50 states—just as summer driving season begins
(DBN)

GasBuddy Forecasts Most Expensive Summer at the Pump in Years Amid Strait Closure
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Politics:

Tracking approval and key issuesNew poll: GOP backlash to Trump's economic policiesTrump’s Approval Rating Hits All-Time Low With Republicans: Fox News Poll
(DBN)

‘Never Forget the Sins’ of Biden: Trump Turns Military Academy Grad Ceremony Into MAGA Rally With Political Attacks
(DBN)

Poisoned Chalice? Donald Trump Backs Spencer Pratt For L.A. Mayor In “Rigged” Election; “I Heard He’s A Big MAGA Person”
(DBN)

Trump’s $1.8 Billion Fund Tests Constitutional LimitsFactCheck: "There's been numerous other occasions over the years” when the federal government created a reserve similar to a new $1.776 billion anti-weaponization settlement fund.Republican Congressman Engaged to Fox News Star Vows to ‘Kill’ Weaponization Fund Hours After Trump Attacked HimRaskin introduces bill to block Trump’s $1.776B after GOP shoots down effort to subpoena BlancheHow Trump's $1.8B "anti-weaponization" fund worksTrump’s newest deal with the IRS could save his family about $100 million in tax penalties: reportDemocrats move to shut down Trump's $1.8B "weaponization" fund
(DBN)

There Has Never Been an Example of Presidential Corruption Like This
(DBN)

Trump makes eyebrow-raising admission on his failing economy
(DBN)

Massie Split MAGA. Affordability May Split Democrats
(DBN)

Idaho’s Hard-Right Republicans Suffer Heavy Losses in Primary Elections
(DBN)

House Democratic leaders condemn Texas candidate for antisemitic commentsRed flag raised over alleged GOP effort to boost controversial Dem's candidacy
(DBN)

Jeff Bezos Fawns Over Trump in Wild CNBC Interview: ‘A More Mature, More Disciplined Version’ Than His First Term
(DBN)

GOP senator shares post calling Trump 'Commander-in-Cheat' — and then deletes it
(DBN)

GOP senator admits Trump's new scheme 'doesn't pass the smell test'
(DBN)

Trump demands Senate fire parliamentarian who ruled against ballroom funding planSen. John Thune addresses Trump's criticism of Senate Parliamentarian Elizabeth MacDonoughSenate Republicans Don’t Have the Votes to Fund Trump’s BallroomRepublicans expected to abandon $1B security proposal for White House and Trump’s ballroom
(DBN)

Trump officials say they can build 250-foot arch without Congress’s approval
(DBN)

Trump eyes more GOP targets for revenge in 2028Trump's priorities are in deep trouble after his revenge tour
(DBN)

Marjorie Taylor Greene erupts after Thomas Massie loses Kentucky primary: ‘Future of Republican Party destroyed’
(DBN)

Senate GOP expresses frustration, anger, sadness as Trump snubs Cornyn in Texas
(DBN)

Senate advances reconciliation bill funding immigration agencies through 2029 to floor
(DBN)

US Republican senator says Trump ballroom funding removed from spending bill
(DBN)

At one Kentucky bar, young Republicans wrestle with their disappointment in Trump and their party
(DBN)

Trump’s false claims about the 2020 election are casting a shadow over Georgia’s GOP runoffs
(DBN)

Mace unveils amendment limiting Congress, judges to natural-born citizens
(DBN)

How a 'toxic' City Hall was unraveled by 'very horrible' anonymous letters
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Autos:

Cybertruck driver tries out new ‘Wade mode’ in lake – it doesn’t end well
(DBN)

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Religion:

San Diego Attack Follows Alarm About Rising Islamophobia
(DBN)

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Healthcare:

North Star Pediatrics to close at the end of JuneNorth Star relocates departments, closes pediatrics clinic amid bankruptcy
(DBN)

YesCare nurses in Leon County voice concerns after allegedly not receiving paychecks for weeks
(DBN)

Ebola Outbreak Is Unlikely to Become Global Threat, W.H.O. Head Says
(DBN)

Ebola outbreak raises alarms about Trump's global health moves
(DBN)

US health secretary Kennedy fires heads of key preventive health panel
(DBN)

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  New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (14 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (15 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
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Bankruptcy Statistics:

Chapter 11 Bankruptcies Jump 42% in April
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Mass Torts:

Catholic Diocese of Ogdensburg announces $45 million abuse settlement
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Bankruptcy Crimes:

Former Boalsburg Bed and Breakfast Owners Sentenced to Prison for Bankruptcy Fraud
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Aviation:

Spirit Airlines collapse shows the ‘new antitrust’ movement is a flop
(DBN)

Spirit is gone. Can the other budget airlines survive?
(DBN)

Jet fuel shortage: All the airlines canceling flights
(DBN)

Plane heading to US forced to divert mid-air over Ebola fears after passenger from Congo boarded flight ‘in error’Air France flight blocked from entering US, diverted to Canada over Ebola fears
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Retailing:

Pet Supplies franchisee with more than 700 stores seeks Chapter 11 bankruptcy
(DBN)

Filing Alert: Rolling Greens Chapter 11
(DBN)

Home Depot Profits Fall Amid ‘Greater Consumer Uncertainty’
(DBN)

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Tech:

AI Is Making Workers Faster. That May Be the Problem.
(DBN)

Two hours that changed AI
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These 5 charts show how ChatGPT is flooding our lives
(DBN)

Dimon says JPMorgan will hire more for AI, fewer bankers
(DBN)

Nvidia says it has largely conceded China’s AI chip market to Huawei
(DBN)

3 reasons kids hate AI—especially the ones who refuse to even try it
(DBN)

‘We’ve given them the short end of the stick’: Business school dean says AI could eliminate many jobs for young people—even as they lead innovation
(DBN)

How 8,000 robots are changing work inside logistics giant DHL Supply Chain
(DBN)

'Brutal': A growing tribe of jobless techies is lost in Silicon Valley's new reality
(DBN)

Indeed chief economist says execs are 'overestimating the speed' of AI transformation in the labor market
(DBN)

America’s new AI map shows something surprising: 'A lot of normal people are adopting AI'
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Utilities:

2025 was a turning point for your electricity bill and it’s just getting more expensive from here. It’s not just data centers
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Tax:

Jeff Bezos says there is ‘no truth’ to the ‘buy borrow die’ tax strategy
(DBN)

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Weddings:

Popular NJ wedding venue sold to investor for $6M after bankruptcy filing
(DBN)

Beach wedding ceremony turns violent after officiant assaulted over cost, cops say
(DBN)

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Climate:

See how this 9,000-mile freight train of warm water may fuel a super El Niño
(DBN)

Map shows US cities that could go underwater if sea levels rise 3 meters
(DBN)

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Resorts:

State moves to intervene in lawsuit over The Greenbrier over $4.4 million in tax liens
(DBN)

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Valves:

Filing Alert: Rotary Airlock Chapter 11
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Food/Beverge:

FAT Brands Split Up in Nearly $1 Billion Bankruptcy Sales Process
(DBN)

Cultivated meat crisis deepens as startup files for bankruptcy
(DBN)

Planta closes all Toronto locations permanently amid bankruptcy filings
(DBN)

Why these are sobering times for alcohol companies
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Student Debt:

States sue over new student loan limits on certain nursing and healthcare degrees
(DBN)

Private student loan do’s and don’ts every borrower should know
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Golf:

Bankruptcy Protection Concerns Forces LIV Golf Into Drastic Business OverhaulLIV Golf 'firmly focused' on funding solution amid bankruptcy possibilityLIV Golf forces tournament to U-turn on record prize money announcementLIV Golf needs $250 million to survive, as league prepares for bankruptcyLIV Golf Business Model Announced With ‘Long Term’ Focus‘Don’t know what to do’: Bryson’s bizarre reveal as LIV prepares for $351m doomsday scenario'A Nightmare': Bryson DeChambeau Shows Regret Over Spending Nearly $10M Amid LIV Bankruptcy Rumors
(DBN)

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Sovereigns:

Greek finance minister says most troika reforms ‘absolutely necessary’
(DBN)

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UK:

Lawrence Dallaglio’s bankruptcy plight continues
(DBN)

Monthly construction insolvencies rise 14%
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EU:

Euro zone growth set to slow in 2026 as Middle East conflict fuels inflation, says EU Commission
(DBN)

Trump reportedly planning to limit US military resources for NATO allies in Europe during crises
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MENA:

Iran threatens war ‘beyond the region’ if U.S. attacksTrump says he is not in a hurry to end the war on IranTrump says US in ‘final stages’ of talks with Iran: ‘We’ll see what happens’Trump threatens to hit Iran ‘even harder’ & even get a ‘little bit nasty’ as peace deal deadline ticks down Trump bleeds votes in Congress to keep Iran war going Early War Goal Was to Install Hard-Line Former President as Iran’s LeaderF-15s, F-35, MQ-9 Reaper Drones: US Report Says 42 Aircraft Lost In Iran War
(DBN)

Trump, Netanyahu hold testy call over IranNetanyahu ‘will do whatever I want him to do’ on Iran, Trump says
(DBN)

The world has 6 months to avert major food crisis, says UN as Hormuz struggle drags on
(DBN)

Why Trump can’t reopen the Strait of Hormuz without NATO minehunters
(DBN)

UAE Oil Pipeline to Bypass Hormuz Reaches 50% Completion
(DBN)

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Cuba:

Raúl Castro is expected to be indicted by the U.S., sources sayDOJ indicts Raúl Castro over fatal 1996 civilian planes’ shooting Castro Indictment Is Trump’s Latest Move Against CubaCastro could be captured like Maduro, Trump administration hints
(DBN)

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Thailand:

Thailand tightens visa rules for tourists, citing crime by foreigners
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China:

As Trump Gambles on Iran, Putin and Xi Play a New Great Game
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Brazil:

A $10 billion banking scandal is tainting Brazil’s elite
(DBN)

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India:

Insolvency And Bankruptcy Code (Amendment) Act, 2026: Key Changes Reshaping Insolvency Framework In India.
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