May 22, 2025

The Daily Bankruptcy News

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Law:

Cadwalader Looks to Fight Criminal Appeals to Meet Trump Pledge
(DBN)

Billionaire Says Biglaw Firms That Brokered Deals With Trump Are Persona Non Grata
(DBN)

Orange Shoe Law Firms? What Exactly Should We Call Biglaw Firms Cutting Deals With Donald Trump?
(DBN)

The Law Firm That’s Defying Trump on DEI Recruitment
(DBN)

KPMG Law Firm Faces California Blockade With Fee Shares Bill
(DBN)

SCOTUSblog founder Tom Goldstein asks judge to toss tax charges, suppress statement about $968K in cash
(DBN)

What today’s rainmakers do differently
(DBN)

Lawyer Arrested Following Apparent Mental Health Issue
(DBN)

Dykema’s Chicago Office Adds Bankruptcy Attorney Rosanne Ciambrone
(DBN)

Global Biglaw Firm Plans To Grow Its Own Forest
(DBN)

Hacker who breached communications app used by Trump aide stole data from across US government
(DBN)

Jan. 6 defendant nabbed at Obama home with guns, explosive materials guilty on all counts
(DBN)

Top Justice Department Nominees Face Scrutiny Over Court Orders
(DBN)

Trump Ramps Up Criminal Charges Against Migrants in California What's next for Venezuelans after Supreme Court allows Trump to revoke protected status? Disney Suspends Venezuelan Workers on Supreme Court Ruling
(DBN)

Civil suit against Sean 'Diddy' Combs had fabricated rape kit evidence
(DBN)

Armenian organized crime rings charged with stealing $83 million in Amazon cargo
(DBN)

Former New York state trooper pleads guilty to faking his own shooting
(DBN)

Man circled back to hit woman second time after intentionally striking her with car: Cops
(DBN)

Man who strangled his mom with bungee cord for 'sleeping around' learns his fate
(DBN)

'Cool! How deep?': Family allegedly texted about burying children they killed in backyard
(DBN)

Lawsuit accusing surgeon of removing wrong organ doesn’t tell whole story, hospital says
(DBN)

Killer posed for selfies with victim's jewelry after executing him in street: Prosecutors
(DBN)

Man strapped GPS monitor on a dummy before escaping sex offender treatment center: Police
(DBN)

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Judges:

Proposal to limit courts’ contempt power, part of spending bill, is ‘terrible idea,’ Chemerinsky says
(DBN)

Ketanji Brown Jackson Is Officially The Most Outspoken Supreme Court Justice
(DBN)

A Supreme Court Injustice to a District Judge
(DBN)

California Supreme Court Justice Goodwin Liu Shows Some Judges Actually Have A Good Sense Of Humor
(DBN)

Judge says Trump administration violated court order with deportation flight linked to South Sudan Judge orders US to maintain custody of migrants possibly sent to Africa, says US violated his order Judge slams Trump admin for 'unquestionably' violating order on third-country deportations
(DBN)

Trump admin asks court not to unseal documents in Abrego Garcia case
(DBN)

Classes May Be the Surprise Answer to Universal Injunctions
(DBN)

Blumenthal Says He’ll Put Senate Hold on Trump Judicial Nominees
(DBN)

An Open Letter to Clarence Thomas
(DBN)

Basic Ethics Breaks Supreme Court Because Too Many Justices Have Book Deals
(DBN)

US Privacy Board Democratic Members’ Dismissal Overturned
(DBN)

DOGE Asks US Supreme Court to Block Access to Its Records
(DBN)

Can judge order US to ask El Salvador for migrant’s release? 4th Circuit says yes, return can’t be done ‘telepathically’
(DBN)

The Supreme Court TV Show That Never Was
(DBN)

'Lady Trump' suspended as judge after POTUS pardon for stealing from slain cop charity
(DBN)

Judge Ho Says Trump Needs ‘Respect’ in Venezuelan Removal Case Judge Ho Indulges In Furious Rage Wank Over AEA Deportations
(DBN)

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Wall Street:

Stock futures are little changed after a big sell-off on deficit concerns
(DBN)

Dow sheds 800 points, S&P 500, Nasdaq slide as Treasury yields surge Wall Street Stocks Slip as Treasury Yields Rise on Worries About Trump Tax Cuts
(DBN)

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Layoffs:

Meta is about to start rating more workers as 'below expectations,' internal memo shows
(DBN)

Walmart to Cut 1,500 Corporate Jobs in Restructuring
(DBN)

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Corporate Governance:

How Two CEOs Mixed Romance and Business, Leading to Scandal
(DBN)

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Politics:

Trump Overall Job Disapproval Rating at 55% As 60% Disapprove of Trump's Handling the Economy
(DBN)

Racist memes shared by Navy SEALs prompt investigation, disciplinary actions
(DBN)

Nervous Corporate Sponsors Retreat from New York Pride
(DBN)

Official Pushed to Rewrite Intelligence So It Could Not Be ‘Used Against’ Trump
(DBN)

Inside Kristi Noem’s Polygraph Operation
(DBN)

Qatar prime minister insists $400 million gifts are normal between friends Pentagon says it has accepted Qatar's gift of a luxury megajet for Trump's use
(DBN)

S Africa President in Oval Office: 'Sorry I Don't Have a Plane for You' Trump confronts S. Africa's president in Oval Office, pushes false genocide claims Trump’s Afrikaner refugee policy based on unfounded claims about land, white farmer ‘genocide’ Trump’s Ambush of Ramaphosa Leaves South Africa Reeling Trump Seeks 'Explanation' From South Africa's Ramaphosa On Genocide Claims Ramaphosa Denies SAfrica Allows Land To Be Taken From White Farmers Fringe White Afrikaners Show How Lobbying Trump Can Work
(DBN)

Prized Oval Office Visits With Trump Become Perilous Tests of Nerve
(DBN)

James Comey on Trump: ‘He’s the monster in a horror sequel’ Are Those Seashells In Your Pocket Or Are You Just Threatening An Assassination?
(DBN)

Trump posts altered video of himself hitting Bruce Springsteen with a golf ball in ongoing feud
(DBN)

U.S. Army to change transgender soldiers' records to birth sex
(DBN)

Trump urged to make Musk, DOGE workers certify they won’t use government data for personal benefit
(DBN)

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Crypto:

New crypto bill could turbocharge the stablecoin industry: 4 changes it might bring
(DBN)

White House crypto czar David Sacks says stablecoin bill will unlock ‘trillions’ for U.S. Treasury
(DBN)

Hong Kong passes stablecoin bill as more governments recognize the digital assets
(DBN)

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Trucking:

Wisconsin trucking company, affiliate brokerage file for bankruptcy
(DBN)

Texas trucking company declares bankruptcy two months after lawsuit alleges it didn't pay debts | Daily Mail Online
(DBN)

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Celebs:

With Only $10 Million Asset, Ex-NBA Star Michael Beasley Raises Concern Over Bankruptcy
(DBN)

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Climate:

GOP Ends Clean Energy Credits Years Earlier in Revised Bill
(DBN)

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Economy:

Weak US economic outlook persists despite brief trade truce with China: Reuters poll
(DBN)

Investors dump bonds globally as U.S. credit downgrade, Trump’s tax bill ignite fiscal worries
(DBN)

Bond Market Warns Trump, Congress on Dangers of Swelling Deficit
(DBN)

Yes, the GOP Bill Is Big. Beautiful, Not So Much.
(DBN)

Dimon warns of US stagflation risk, says bank committed to China
(DBN)

US business equipment borrowings decline in April, ELFA says
(DBN)

US states mount court challenge to Trump's tariffs
(DBN)

House GOP grinding ahead with Trump’s big tax cuts bill, but new report says it will add to deficit House G.O.P. Races to Revamp Major Policy Bill, Grasping for Votes to Pass It "THINGS ARE NOT LOOKING GOOD!!": Mike Johnson faces 11th-hour blowup on Trump's big bill The Republican party is being torn apart by Trump’s new tax bill Yes, the GOP Bill Is Big. Beautiful, Not So Much. Trump tax bill clears the House in a victory for Republicans, advances to Senate
(DBN)

Boomers are leaving their millennial children with a huge headache
(DBN)

CSX CEO says industrial projects are growing amid push for domestic manufacturing
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Not quite the American dream: Renting is becoming a better deal, even if you're wealthy or a retiree
(DBN)

Trump floats taking Fannie Mae and Freddie Mac public as deficit fears grow
(DBN)

ICE: "Annual home price growth nationally slowed to 1.6% in May"
(DBN)

AIA: "Billings continue to decline at architecture firms"
(DBN)

In Q1 2025, 19% of Units Started Built-for-Rent were Single Family
(DBN)

The surprising factor that's driving up home-foreclosure rates
(DBN)

Path to the future for a Homewood street involves conservatorship, bankruptcy and the land bank
(DBN)

A senior living company facing bankruptcy spins an elaborate web of companies.
(DBN)

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Municipalities:

Receiver explains how Isaac School District found itself with $28M budget crisis
(DBN)

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Oil/Gas:

List of bidders in Citgo auction narrows, remaining groups to sweeten terms
(DBN)

Oil Prices Fall as Uncertainty Clouds Market Outlook
(DBN)

OPEC+ Discusses Another Super-Sized Output Hike for July
(DBN)

The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns
(DBN)

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Retailing:

Target sales drop in 1st quarter and retailer warns they will slip for all of 2025 Target Sees Sales Falling This Year as Turnaround Falters
(DBN)

Court approves fire sale of most of Rite Aid's pharmacy assets
(DBN)

Married Kohl’s CEO affair with a Walmart exec was retail’s dirty little secret. When it was exposed, it upended retail
(DBN)

Retail smiles through headache of macro uncertainties
(DBN)

Target cuts annual forecasts as tariff pressure mounts, demand slows further
(DBN)

Off-price retailer TJX beats sales estimate as tariff uncertainty looms large
(DBN)

Nike will raise prices on a wide range of products as soon as this week
(DBN)

TJ Maxx Owner Says It Has the Flexibility to Offset Tariffs
(DBN)

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MLM:

An Awkward Truth About American Work
(DBN)

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Autos:

Tesla is now accepting Cybertruck trade-ins. 2 owners showed us how much their vehicles have depreciated.
(DBN)

Stellantis to build $388 million spare parts plant in Detroit
(DBN)

Bankruptcy Rumors Explode as Neta Faces 277M USD Debt
(DBN)

Nissan in Talks to Buy Batteries in US from Ford-SK On Venture
(DBN)

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Healthcare:

UnitedHealth secretly paid nursing homes to cut hospital care
(DBN)

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Education:

Paier College sale appears dead; state orders defunct school to change website
(DBN)

Bacone College, founded in 1881, gives up control after financial collapse, bankruptcy
(DBN)

Universities Hit by US Funding Drain Have Legal Means to Recover
(DBN)

Columbia University president acknowledges Mahmoud Khalil's absence in commencement speech
(DBN)

Court blocks Temecula Valley Unified from enforcing CRT ban
(DBN)

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Tax:

Senate unexpectedly passes the No Tax on Tips Act in a unanimous vote
(DBN)

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Private Credit:

Private credit’s boom faces a cyclical test
(DBN)

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Consumer Finance:

A 700% APR Lending Business Tied to Dr. Phil’s Son Is Dividing an Alaska Tribe
(DBN)

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Nursing Homes:

Judge slaps bankrupt nursing homes with $15M penalty in ’tragic’ staffing case
(DBN)

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Luggage:

Paravel’s Website Has Shut Down, But Its Luggage Is on Sale Elsewhere
(DBN)

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Sports:

Man United’s Billion-Dollar Game Why Losing to Spurs Could Bankrupt Them
(DBN)

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Batteries:

Bankrupt Northvolt on its way to lose biggest — and last remaining — customer Northvolt Production May Halt by June Without Buyer
(DBN)

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Food/Beverage:

Popular S.F. Italian restaurants file for bankruptcy
(DBN)

Food industry fights for SNAP as program faces massive cuts
(DBN)

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Motorcycles:

Bajaj Auto moves to take charge of KTM, commits 800 million euros for revival Bajaj Auto comes to the rescue of insolvency-bound KTM
(DBN)

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Private Equity:

Private Equity's Big Guns Are Tearing Up the Rules on Leverage
(DBN)

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Weight-Loss:

WeightWatchers given lifeline from bankruptcy...thanks to deal signed with fat jab firm
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Archdiocese of New Orleans proposes settlement to survivors. More than 600 have to vote on it New Orleans Archdiocese agrees to pay nearly $180M to victims of clergy sexual abuse Archbishop Aymond announces memorandum of understanding A slap to the face,' says a victim as New Orleans Archdiocese agrees to pay nearly $180M to clergy sexual abuse victims Group of abuse survivors endorses settlement with New Orleans archdiocese Abuse survivors to vote on archdiocese bankruptcy deal for first time in 5 years
(DBN)

The Diocese of Norwich Emerges from Chapter 11 Bankruptcy with Confirmation of Reorganization Plan
(DBN)

Bayer Considering Bankruptcy for its Monsanto Unit
(DBN)

Thinking About PFAS-Related Corporate and Securities Litigation Risk
(DBN)

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Bankruptcy Reform:

A New Deal For Corporate Bankruptcy : Bring Back Chapter X
(DBN)

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Corporate Governance:

Corporate Governance Competition Pushes Boards Toward Irrelevance
(DBN)

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Miscellaneous:

Turnarounds, Triumph & (Bio)Tech Turds
(DBN)

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Aviation:

Azul Debt Talks Accelerate Toward Financing Through Chapter 11
(DBN)

EasyJet loss widens but UK budget airline confirms its 2025 targets
(DBN)

Judge Sets Date for Silver Airways Bankruptcy Auction
(DBN)

Number of Newark airport flights to be slashed after planes lose contact with traffic control AGAIN in fourth blackout
(DBN)

Airline CEOs say US air traffic control system 'failing Americans,' call for action
(DBN)

Boeing increases 737 production pace as quality, safety culture improves
(DBN)

You pack it for every flight. A new rule forbids you from hiding it
(DBN)

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Healthcare:

Report: Nearly half of Maine's rural hospitals at risk of closing
(DBN)

'Heinous': Texas doctor sentenced for $325M fraud, gave chemo to healthy patients
(DBN)

House GOP budget could cost Medi-Cal nearly $40 billion per year, bankrupt CA
(DBN)

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Tech:

Builder.ai coded itself into a corner – now it's bankrupt ETtech Explainer: Why AI startup Builder. ai is filing for bankruptcy despite backing from Microsoft and QIA
(DBN)

Wolfspeed’s stock more than halves its value as bankruptcy fears build Picente on Potential Wolfspeed Bankruptcy: "Wait and See"
(DBN)

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Theme Parks:

The Dolphin Company appears in court; here’s what happened Ex-CEO Of Ocean Theme Parks Defends Record After Dolphin Deaths
(DBN)

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Pharma:

HHS sets pricing targets to lower US drug costs: 6 things to know
(DBN)

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Sovereigns:

‘Worse than Greece’: The debt crisis threatening to blow up the global economy
(DBN)

Colombia public debt puts sovereign rating at risk, Moody's analyst says

Debt-Ridden Pakistan Looks To Borrow $4.9 Billion More After Failing Growth Target
(DBN)
(DBN)

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Utilities:

After L.A. wildfires, Edison faces blowback over proposed rate hike
(DBN)

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Fintech:

Is Klarna really going bankrupt and shutting down? This is what’s actually happening
(DBN)

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UK:

Veteran solicitor struck off for concealing bankruptcy
(DBN)

US Singer Chris Brown Freed On £5 Mn Bail In UK Assault Case
(DBN)

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EU:

Giant US Companies Are Rushing to Europe to Borrow Money
(DBN)

EU looks to revive US trade talks
(DBN)

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Canada:

Canada Post is in trouble. Here are the facts
(DBN)

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MENA:

New intelligence suggests Israel is preparing possible strike on Iranian nuclear facilities, US officials say
(DBN)

Two of the last functioning hospitals in northern Gaza are encircled by Israeli forces, staff say
(DBN)

Iran-US Nuclear Talks To Take Place Friday In Rome: Mediator Oman
(DBN)

Gazans Mourn At Dawn After Night Of Intense Israeli Strikes
(DBN)

Israel Supreme Court Rules Security Chief Sacking 'Unlawful'
(DBN)

Belgium Demands Israeli 'Explanation' After Warning Shots At Diplomats EU's Kallas Says Any Threats On Diplomat Lives 'Unacceptable' After West Bank Shots Spain Says 'Strongly Condemns' Israeli Fire On West Bank Delegation Italy Says Threats To Diplomats 'Unacceptable' After West Bank Shots Israel Army Says Fired 'Warning Shots' After Diplomats 'Deviated' From West Bank Route
(DBN)

Two Israeli Embassy staffers shot dead outside D.C.’s Capital Jewish Museum
(DBN)

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Russia:

Ukraine Detained 50,000 Men Trying To Flee Since War Began
(DBN)

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China:

Country Garden debt plan gets nearly 75% of bondholders’ support
(DBN)

China says US trade talks important but multilateralism key to solution
(DBN)

Electricity Demand Defies China Slowdown Fears
(DBN)

____________

India:

Resolution cases double liquidations under IBC, but delays drag on
(DBN)

Aakash accuses EY of conflict of interest in Byju’s dispute
(DBN)

Death By Thousand Cuts: How India's Insolvency Regime Fails MSMEs
(DBN)

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Australia:

One of Australia’s largest powersports dealers enters bankruptcy, which could cause ripple effects in the U.S.
(DBN)

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Indonesia:

Indonesia's Attorney General's Office arrest CEO of Indonesia's textile giant Sritex Indonesia’s collapsed textile giant Sritex faces delisting as former executive named suspect in bank loan scandal
(DBN)

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Australia:

Administrators' report shows activewear label has debts of more than $13m
(DBN)

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