April 22, 2026

The Daily Bankruptcy News

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Law:

AI Hallucinations in Filing by a Top Law Firm An AI Screw-Up By... Sullivan & Cromwell? Sullivan & Cromwell law firm apologizes for AI 'hallucinations' in court filingElite law firm Sullivan & Cromwell admits to AI ‘hallucinations’Sullivan & Cromwell Files Emergency ‘Please Don’t Sanction Us For All These AI Hallucinations’ LetterA.I. ‘Hallucinations’ Created Errors in Court Filing, Top Law Firm Says Top law firm apologizes to bankruptcy judge for AI hallucination AI hallucinated — and now an elite law firm is profusely apologizing to a federal judge
(DBN)

Amit Trehan Joins Freshfields as Restructuring Partner in New York
(DBN)

Purpose-Built AI vs. Generic AI: Why Distinction Matters in Bankruptcy Practice
(DBN)

New Jersey Lawyer Fined $5,000 for Second Misuse of AI
(DBN)

AI And Billing: Flipping The Switch On The Bane Of Lawyers’ Existence
(DBN)

The Internet’s Favorite Lawyer Says We’re Living Through ‘Multiple Watergates per Week’
(DBN)

Vibe Coding Empowers Lawyers to Influence AI Winners, Losers
(DBN)

When Biglaw Ruins Everything, Law Schools Have To Adapt
(DBN)

Southern Poverty Law Center says it faces a Justice Department criminal probe over paid informants
(DBN)

Ranking The Best Law School Buildings In America (2026)
(DBN)

Harvey Weinstein’s Third Trial on Rape Charge Opens in Manhattan
(DBN)

Newest Anti-DEI Trump EO Violates First Amendment, Suit Says
(DBN)

Trump ordered to explain why 'discovery should not proceed against him' in Jan. 6 lawsuits
(DBN)

Inside Todd Blanche’s audition for attorney general
(DBN)

Trump FCC Chair Brendan Carr to Attend WHCD Amid Growing Outrage From Journalists at Attacks on Free Speech
(DBN)

John Roberts Calls FCC Fines Case Against Verizon, AT&T a ‘PR Problem’
(DBN)

Jimmy Kimmel Refers to Kash Patel’s Job in the Past TenseDid Kash Patel’s Lawyers Have ChatGPT File A $250 Million Lawsuit? House Judiciary Democrats request information from Patel following Atlantic reportPatel gets in shouting match with reporter as he defends job performanceWatchdog requests Patel’s calendar, security detail messagesHouse Republican on Patel reported alcohol use: ‘As long as it doesn’t affect his job … I’m cool’
(DBN)

Lawsuit: Blaze’s Crackpot Reporting Prompted a Wild, Unnecessary FBI Raid
(DBN)

Trump Urges Judge Not to Let Dimon ‘Escape’ JPMorgan Lawsuit
(DBN)

Louisiana mass shooter killed himself in front of ex-Army mentor’s home after slaughtering 8 kidsLouisiana gunman who killed eight children masked his rage before rampage
(DBN)

White House in Talks to Send Afghans Who Aided U.S. Forces to CongoVermont police ordered ICE to stand down in tense standoff captured on bodycam
(DBN)

Stepdad gunned down stepdaughter in front of her mother for criticizing his manners: Cops
(DBN)

Man going to pick up his 7-year-old daughter shot dead by driver who wanted to merge: Cops
(DBN)

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Judges:

The Shadow Docket Is John Roberts’ Disappointing Legacy
(DBN)

'Don't dare my colleagues': Alito kills the laughter after lawyer's Supreme Court quip
(DBN)

Trump Rips Into His Own Supreme Court Justice Picks
(DBN)

What the New York Times got wrong – and right – about the emergency docket
(DBN)

Justice Thomas’ wrong-headed attack on progressivism
(DBN)

Dems Aren’t Buying Reports of Alito Staying Put
(DBN)

Charges dropped against Texas handcuffing judge after she agrees to resign and never run againJudge resigns after being accused of handcuffing attorney during courtroom dispute
(DBN)

Judge rejects HHS Secretary Kennedy’s attempt to limit gender-affirming care for minors
(DBN)

Texas can force schools to post Ten Commandments, federal appeals court rules
(DBN)

Judge James Ho Urges Greater Accountability for Judicial System at Federalist Society Event
(DBN)

Supreme Court Clerks See Two Sides to Elena Kagan: Book
(DBN)

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Wall Street:

 

Dow jumps 300 points, oil prices dip as investors shrug off Iran war uncertainty
(DBN)

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Layoffs:

A Year After U.S.A.I.D.’s Death, Fired Workers Find Few Jobs and Much Loss
(DBN)

Gates Foundation to cut 20% of staff, review Epstein ties
(DBN)

List of Companies Laying Off Employees This Week
(DBN)

Quest protein bar owner cuts 15% of workforce in restructuring
(DBN)

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Fraud:

This Scammer Used an AI-Generated MAGA Girl to Grift ‘Super Dumb’ Men
(DBN)

Billionaire Investor Sues Trump Crypto Venture for Fraud, Says It’s on ‘Verge of Collapse’
(DBN)

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Agribusiness:

The US cattle industry is eating its own tail
(DBN)

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Tech:

Florida Inquiry Into ChatGPT Shifts to Criminal Investigation
(DBN)

Silicon Valley Needs to Notice That Molotov Cocktail
(DBN)

AI payoff remains distant as firms keep spending, PwC finds
(DBN)

Anthropic’s Mythos Model Is Being Accessed by Unauthorized Users Anthropic Probes Unauthorized Access To Mythos AI Model
(DBN)

An AI bot is running a retail store. Is this the future?
(DBN)

Companies are hoarding AI compute because of FOMO — and they're sitting on most of it
(DBN)

JPMorganChase Data Center Gets $77 Million Handout to Create Grand Total of One Job
(DBN)

Thinking of using a chatbot for medical advice? Read this first.
(DBN)

Workers Horrified as Bosses Direct Them to Train Their AI Replacements
(DBN)

What is Cursor? SpaceX could buy the AI company for a whopping $60 billion.
(DBN)

ChatGPT is so 2025 - here are the real AI gold mines for investors in 2026
(DBN)

Here's what will really matter to Tesla investors when the company reports earnings
(DBN)

Feud between AI power startup Fermi and its fired CEO and top shareholder heats up over proposed saleFermi shares slump after CEO, CFO step down
(DBN)

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Batteries:

Case Summary: Ascend Elements Chapter 11
(DBN)

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Food/Beverage:

These Florida Hardee's restaurants closed as franchisee files bankruptcyWhat The Hardee’s Bankruptcy Story Really Tells Us
(DBN)

Pacific Rim Winemakers Bankruptcy Hits Oregon Hard
(DBN)

Hormuz disruption raises risk of global food shock, traders warn
(DBN)

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Non-Profits:

Over $175k in donations to Spokane-area nonprofits withheld as fundraising platform files for bankruptcy
(DBN)

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History:

Six lessons from history’s greatest financial crises
(DBN)

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Economy:

America's dissatisfied workforce
(DBN)

Solomon says U.S. recession risk could be 'one tweet away'
(DBN)

Krugman: The Vindication of Bidenomics
(DBN)

Americans Face Rising Credit Card Debt
(DBN)

Trump Fed pick grilled for hiding $100 million in holdings and Epstein tiesTrump’s Fed pick gets his hearing, but confirmation is still in limboWarsh insists he wouldn't do Trump's bidding as Fed chair Warsh says he would not be Trump’s ‘sock puppet’ on monetary policy Warsh Ties Himself in Knots to Please Trump. It Can’t LastWarsh signals evolution, not revolution at the FedTrump’s Pick to Lead Fed Will Face Senators at a Tricky MomentWarsh Says Fed Needs New Framework for Addressing InflationSen. Tillis Calls for End to Powell Probe During Warsh HearingHow the Fed would be different under Kevin WarshKevin Warsh Fed Nomination Stalls as Key Republican Withholds SupportWarsh declines to say whether Biden won 2020 electionWho is the real Kevin Warsh?
(DBN)

Thune nudges Trump to "wrap up" Fed probe
(DBN)

Iran War Has Boosted Costs of Energy, Food and Now Condoms
(DBN)

'Trump is not going to be around forever': GOP lawmakers at each other's throats over immigration bill
(DBN)

What happens if nothing is done to fix Social Security by 2032?
(DBN)

This is the No. 1 financial worry for retirees right now
(DBN)

Republicans fear succession of government shutdowns under TrumpCruz: Schumer will shut down government weeks before midterms
(DBN)

$166 Billion Tariff Refunds: Consumers ‘Might Have a Claim’ to Their Share
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Future of Adelaide Pointe uncertain as competing court filings tell very different stories
(DBN)

Leland House in downtown Detroit hits auction block
(DBN)

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Oil/Gas:

The $100 oil shock is hitting the middle class like a margin call
(DBN)

Oil, Stocks Fall As Traders Weigh Outlook After Trump Extends Truce
(DBN)

Oil market has lost a billion barrels due to Iran war, Vitol boss warns
(DBN)

GE sees fuel prices higher than they are now through the summer due to the Iran conflict
(DBN)

UN climate chief warns of fuel price chaos
(DBN)

Texas Oil Pipes Are Running All-Out on War-Driven Demand
(DBN)

Retail sales jump to a 3-year high due to surging gas prices, but consumers also aren't showing any quit
(DBN)

Trump mulls extending waiver to ease U.S. oil shipments
(DBN)

Shell faces fresh climate court case
(DBN)


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Politics:

Tracking approval and key issuesTrump Approval: 32%Nearly Half of Republicans Disapprove How Trump Is Handling Cost of Living
(DBN)

Trump 'tried to use nuclear codes but was stopped by military chief'
(DBN)

Democrats expand their fight for the House into redder territoryDemocrats aim for midterm upsets in districts that Trump safely won
(DBN)

Americans deserve to know who’s behind those suspiciously timed Iran war-related trades and bets
(DBN)

Gallego met with Ethics after GOP lawmaker accused him of misconduct
(DBN)

Cherfilus-McCormick resigns from Congress before ethics hearing on sanctions
(DBN)

Mills-Mace feud blows up into tit-for-tat expulsion threats
(DBN)

Some Democrats regret voting to expel George Santos
(DBN)

Mejia sworn in, filling Sherrill’s seat and further narrowing GOP House majority
(DBN)

Ilhan Omar cites accounting error for multimillion-dollar disclosure revision
(DBN)

Tina Brown: The King, the Bling, and A Fraught State Visit
(DBN)

Dems' Virginia gamble pays off in redistricting warsDemocrats boost midterm edge with Virginia redistricting win: 5 takeawaysWith Virginia vote, Democrats gain edge over Trump's national GOP redistricting pushVirginia Shows 2026 Is a Map-Wars MidtermJeffries Targets Florida GOP in Redistricting Warning After Virginia Win
(DBN)

Trump Says He Loved Seeing Outgoing Apple CEO Tim Cook Previously Call to 'Kiss My Ass'
(DBN)

Trump media company replaces CEO, ex-congressman Nunes after stock plunge that wiped out billions
(DBN)

Democrat Rob Sand Could Flip State Donald Trump Won Three Times—Polls
(DBN)

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Culture:

The Generations Fantasizing About Boring Office Jobs
(DBN)

Why Being Middle-Aged Sucks So Much for Americans (and No One Else)
(DBN)

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Media:

Did The Onion buy Infowars? Texas judge to weigh in on take overShirtless Alex Jones Reacts to The Onion-Infowars DealJones accuses The Onion of being ‘skinwalkers’ after new takeover planThe Onion’s wild new plan to take over Alex Jones’ InfowarsAlex Jones tries to sell a few more shirts on his way out of InfoWars
(DBN)

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Private Credit:

US equities regulator 'closely monitoring' shaky private credit market Opacity in private credit can be an issue, says SEC Chair Paul Atkins
(DBN)

Private credit competition eases as redemptions sideline some funds
(DBN)

Asset Managers, RIAs Try to Reassure Investors on Private Credit
(DBN)

Despite stresses, private credit funds lure money
(DBN)

Private Credit Stress Test: What Breaks And What Holds
(DBN)

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Pharma:

Health insurers raise questions about Medicare program that will offer GLP-1s to seniors for $50
(DBN)

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Religion:

Pope Leo's popularity withstands Trump's papal attacks
(DBN)

How a War of Words With Donald Trump Has Been the Making of Pope Leo XIV
(DBN)

Pope warns humanity at risk -- new plea to world leaders
(DBN)

Report: Mormon cult prophet with 20 wives exposed
(DBN)

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Water:

Corpus Christi projects water emergency onset in September
(DBN)

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Golf:

Summit County golf resort bankruptcy ignites debate over development financing
(DBN)

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Social Services:

Bankruptcy court approves Newcap's plan to use assets to pay its employees
(DBN)

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Cosmetics:

Pat McGrath Labs has avoided bankruptcy
(DBN)

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  New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Allianz Trade expects the Middle East conflict to lead to +15,000 global business insolvencies over 2026-2027
(DBN)

Alabama bankruptcy filings hit highest level since 2019
(DBN)

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Bankruptcy Strategy:

Lessons from the Convergence of Corporate Restructurings
(DBN)

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Subchapter V:

The Evolved “Engaged In Commercial Or Business Activities” Standard For Subchapter V Eligibility (In re Stevens)
(DBN)

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Mass Torts:

‘Texas Two-Step’ Bankruptcy Tactic Targeted Again by Lawmakers
(DBN)

Purdue Pharma's $5.5 billion sentencing for opioid charges delayed after victims show up to court
(DBN)

Judge to consider whether 'Seek the City' sales apply to Baltimore archdiocese's bankruptcy
(DBN)

Sex Abuse Claimants Pursue Their Own Plans for Bankrupt Dioceses
(DBN)

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Aviation:

Trump Dismisses a Merger While Seeking Suitors for Spirit AirlinesTrump says ‘maybe’ government should help struggling Spirit AirlinesTrump raises prospect of federal support or merger as Spirit Airlines struggles with costs and debt Will Trump Administration Add an Airline To Its Investment Portfolio?How the airline industry could be impacted if Spirit Airlines is liquidated Saving Spirit Airlines possibly puts 'good money after bad', Transportation head Duffy says
(DBN)

Trump opposes United–American merger, signals support for Spirit
(DBN)

Alaska Air says it will spend more on fuel this quarter than it earned the last two years
(DBN)

Lufthansa cuts 20,000 flights to save fuel as prices soar
(DBN)

Baggage Fees Are Up. Here’s How to Avoid Them.
(DBN)

Airlines cut flights as fuel costs surge - an economic fallout from the Iran war that markets may be missing
(DBN)

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Healthcare:

Rural hospital in Marshall files to restructure finances amid bankruptcyFitzgibbon Hospital files for bankruptcy
(DBN)

Scripps CEO: Hospitals running out of ways to cut costs
(DBN)

AI Startup Has Helped Reverse Thousands of Denied Health Insurance Claims
(DBN)

Integris prepares for clinic, service line closures amid funding concerns
(DBN)

These 45 NY hospitals at risk of closing, layoffs due to Medicaid cuts
(DBN)

When Your Child Dies of Measles
(DBN)

6-month-old died after Amish 'healer' treated him with lavender oil: Police
(DBN)

Are cancer-screening blood tests close to prime time?
(DBN)

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Student Debt:

Student Loan Collections Ramp Up As Treasury Targets 500,000 Borrowers This Summer
(DBN)

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Coal:

US coal producers squeezed as Iran crisis lifts demand and costs
(DBN)

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Retailing:

Painted Tree issues next steps to vendors, as company heads toward bankruptcy
(DBN)

Shuttered retailer making 700-store comeback this year: Here’s where
(DBN)

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UK:

UK Inflation Jumps As Mideast War Propels Energy PricesInflation hits 3.3% – industry reaction
(DBN)

Smoking will be banned for anyone born after 2008 as landmark legislation clears Parliament
(DBN)

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EU:

Europe Wanted a Say on the Iran War, but It’s Still on the Sidelines
(DBN)

Primark owner warns of impact of war in Iran on outlook - making it one of the first European retailers to do so
(DBN)

Chinese Carmakers Aim To Build Up Presence In Europe
(DBN)

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MENA:

Scammers cast phishing nets wide in Hormuz with promises of safe passage for shipsOpen or Shut, the Strait of Hormuz May Not Go Back to NormalHow Iran Weaponized the Strait of HormuzIran Tankers Go Dark to Sail Past US Blockade Laden With OilIraq Turns to Risky Overland Routes as Oil Exports Collapse
(DBN)

Two Israeli soldiers jailed over smashing of Jesus statue in Lebanon
(DBN)

Trump extends Iran ceasefire after Pakistan talks appear to collapse as Don vows to keep up blockade Trump extends Iran ceasefire indefinitely, in an about-faceTrump extends Iran ceasefire, citing "fractured" Iranian governmentTrump gives Iran days to end power struggle, return to peace talksTrump says Iran keeping Strait of Hormuz closed to ‘save face’ Vance grounded at White House as Iran peace talks in turmoil and Trump declares: 'I expect to be bombing'
(DBN)

Trump says administration is weighing currency swap for UAETrump Considers Bailing Out His Family’s Major Business Partner
(DBN)

The war in Iran didn’t end; it became something new
(DBN)

2 Cruise Ships Exit Strait of Hormuz After Being Stranded for Weeks
(DBN)

Satellite images show oil spills near Strait of Hormuz harming 'entire ecosystem'
(DBN)

Xi Calls For Hormuz to Reopen as China Balances Its Gulf Interests
(DBN)

US at risk of running out of missiles if another war breaks out after depleting stockpile in Iran operations
(DBN)

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Australia:

Aussies warned about the nation’s reliance on the Strait of Malacca as tanker traffic plummets
(DBN)

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China:

Young Chinese Use AI To Launch One-person Firms Over Job Anxiety
(DBN)

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Asia:

War Shock in Asia
(DBN)

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Cuba:

Trump’s Cuba threats revive exile hopes, fears over property claims
(DBN)

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India:

SBI Moves Supreme Court for Review of Verdict on Spectrum Treatment in Insolvency Cases: Report
(DBN)

Real estate accounts for 16% of insolvency cases; homebuyers remain key concern: IBBI
(DBN)

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Colombia:

Up to 35,000 Citizens Could Evade Debts in 2026: Asobancaria Warns of the ‘Insolvency Cartel’
(DBN)

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Venezuela:

Venezuela Creditors Met With Trump Officials to Discuss Rebuild
(DBN)

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