November 3, 2026

The Daily Bankruptcy News

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Law:

Weil Gotshal’s collapse highlights the risk of building a business around star talent • The Ethics Rules Behind Weil Gotshal’s ‘Partner Run’ • Weil Associate Blasts ‘Greed’ And ‘Lack Of Leadership’ As Firm Collapses • Weil Shows What Happens When Any Partner Could Leave at Any Time • Navigating the Complex Path of Large Law Firm Dissolutions: Financial, Regulatory, and Market Impacts Explored • Weil’s Planned Shutdown Puts High-Stakes Litigation, Bankruptcy Cases in Limbo • Top firms rally to help Weil TC holders find new homes
(DBN)

Big Law Firms Track Midterm Election Vote Risking Trump Backlash • Biglaw Firms That Cut Deals With Trump Are AWOL As Midterm Election Fights Heat Up
(DBN)

Bar Exam Pass Rates Tanked This Summer, And Not Just In California
(DBN)

Law’s millionaire-makers: The firms delivering eye-watering paydays to their top lawyers
(DBN)

AI: LOI, Not ROI
(DBN)

AI-Assisted Legal Work Does Not Justify Lower Fees, US Appeals Court Holds
(DBN)

Legal Tech Awards ‘Ask Why’ — And The Answer Keeps Coming Back To Lawyers Can’t Do It Alone
(DBN)

Exercise Your Constitutional Rights to Protect the Rule of Law
(DBN)

Canadian law firms see increased cyberattacks, data breaches
(DBN)

Trump vows to protect Musk, floats pre-emptive staff pardons
(DBN)

Grand Jury Rejects DOJ Bid to Bring Charges Over 'Voter Fraud'
(DBN)

Deportees Turn to Social Media to Share Life in Countries They Barely Know • Mamdani Threatens Legal Action to Stop ICE Use of N.Y.C. Parking Lots
(DBN)

Lindsay Clancy returns to court in a bid to dismiss charges she killed her three young children • Lindsay Clancy judge slaps down her hotshot lawyer after he names holdout juror in court
(DBN)

Prosecutor who was accused of ‘emotional affair’ with ex-NBA great dies by suicide
(DBN)

Prisons Using AI to Predict When Incarcerated People Will Commit Future Crimes
(DBN)

Officials decry mass shootings that left at least 8 dead and dozens wounded over Halloween weekend
(DBN)

Accused of Voter Fraud, They Ended Up in Shackles
(DBN)

Trump Has Found the Attorney General of His Dreams
(DBN)

Sean 'Diddy' Combs' new release date revealed after his prison transfer
(DBN)

Missing Utah teen found safe in Oregon after 500-day search
(DBN)

Man who shot girlfriend in head because she 'came at' him with Taser guilty of murder
(DBN)

Pardoned Jan. 6 rioter dodges jail again after allegedly threatening churchgoer with gun
(DBN)

Teens record themselves pummeling mentally and physically handicapped man at bonfire: Cops
(DBN)

Man arrested for shoving bar of soap into little boy's mouth over 'really bad' word: Cops
(DBN)

10-year-old shoots teen dead during fight over loud music — now his mom is in jail: Cops
(DBN)

3 men killed person they thought stole cargo, but it was a case of mistaken identity: Cops
(DBN)

Man searched 'how long fingerprints last' after he set girlfriend's body on fire: Sheriff
(DBN)

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Judges:

Bankruptcy Judgeship Opportunities – District of Nevada (Las Vegas)
(DBN)

BK SD NY: Updated Policy Regarding Court Proceedings - Hybrid Hearings
(DBN)

Will Alito or Thomas Retire if Democrats Win the Senate?
(DBN)

Courts check Trump’s attempts to hire or fire federal prosecutors
(DBN)

Judge tosses Trump administration’s admissions records lawsuit against Harvard
(DBN)

New Maduro Judge, ‘Immune to Pressure,’ Dealt With Bannon, Jay-Z
(DBN)

Trump administration turns to SCOTUS in California ballot case • Trump takes fight over 20K California mail-in ballots to Supreme Court • SCOTUS turns away Trump DOJ's last-ditch attempt to 'segregate mail ballots' in California
(DBN)

Trump Skirts Court Commands as Distrust Between Branches Spirals
(DBN)

Judge presses DOJ lawyer on why hundreds more poll monitors are needed, gets same answer
(DBN)

Judge orders Iowa to allow Satanic Temple holiday event in state Capitol
(DBN)

Judge cites ‘weaponization’ in tossing charges for ex-FBI agents accused of lying about Hunter Biden
(DBN)

Justice Kagan Confronts a Broken Court
(DBN)

Chicago U.S. Attorneys Ordered to Testify in Dismissed Anti-ICE Protest Case
(DBN)

Brooklyn Judge’s Ethical Misstep Highlights Judicial Conduct Concerns in New York
(DBN)

The Supreme Court could make it impossible to sue federal officers
(DBN)

'Bizarre 11th-hour stunt' sees judge urged to punish senior DOJ attorneys
(DBN)

Judge accused of making racial remarks, skipping court is no-show at her own hearing
(DBN)

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Wall Street:

US Stocks Drift as Midterms Keep Traders Cautious • Tech losses weigh on markets ahead of midterms • S&P futures dip, Nasdaq futures higher ahead of U.S. midterms
(DBN)

Dow pops 500 points, oil tumbles on hopes of a US-Iran peace deal
(DBN)

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Layoffs:

The 2026 layoff wave hits physicians: 6 things to know
(DBN)

Disney eyes thousands of layoffs, managers asked to cut 20% in costs
(DBN)

Children's Mercy announces swath of employee layoffs
(DBN)

Squarespace is laying off 19 percent of employees
(DBN)

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Healthcare:

698 rural hospitals at risk of closing, by state
(DBN)

Pennsylvania system files for bankruptcy
(DBN)

Welcome to $50,000-a-year health insurance for a family of three - in Alabama!
(DBN)

15 healthcare bankruptcies in 2026
(DBN)

148 rural hospitals have ended or plan to end labor and delivery services since 2020: Analysis
(DBN)

Healthcare costs could hit a 17-year high — what physicians are missing
(DBN)

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Education:

A college in Massachusetts closed. Why are students still being pursued for tuition debt?
(DBN)

Ten Commandments in Texas classrooms: What to know about the law • How Texas schools are dealing with law requiring 10 commandments in class
(DBN)

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Corporate Governance:

Corporate boards’ loss of faith in Delaware’s elusive new good faith contrivance
(DBN)

Texas Courts Begin to Define the Consequences of Reincorporation
(DBN)

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Food/Beverage:

61-Unit Outback Steakhouse Franchisee Files for Bankruptcy • Outback's once-biggest franchisee Cerca Trova files for bankruptcy • Cerca Trova Restaurant Group files bankruptcy as restaurant costs rise in California • Bloomin' Brands Agrees to Buy 61 Outback Steakhouse Restaurants After Franchisee Files for Chapter 11
(DBN)

2 years ago today, TGI Fridays declared bankruptcy. Now, its CEO says the company never thinks about it
(DBN)

KFC and Taco Bell Puerto Rico Closed After Encanto Split
(DBN)

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Trucking:

His Business Was Tough. Diesel Prices Made It Impossible.
(DBN)

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Economy:

Manufacturing grows for 10 straight months; erratic prices dim sentiment
(DBN)

Savills USA | State of the U.S. Industrial Market - Q3 2026
(DBN)

Americans now spend nearly half of their budgets on food and housing alone, the biggest share in 15 years
(DBN)

Average Credit Card Debt Hit $8,000. The Median Is Just $3,100
(DBN)

A major risk to the global economy: BofA warns about the AI boom the day before a midterm vote framed around data-center backlash
(DBN)

The new sign of the top 1 percent in America? It could be having a third kid.
(DBN)

Interrogating confusion at the Fed
(DBN)

What Millions of Data Points Reveal About US Inflation
(DBN)

Affordability top of mind for voters in final sprint to midterms: ‘I have to pick between medicine or groceries’ • A Midterm Campaign Dominated by Concerns Over High Prices Nears Its End
(DBN)

The economy is 'less K-shaped than you think' — and that's bad news for the Fed
(DBN)

Ranked: The World’s Richest Countries by 2031
(DBN)

Mapped: Average Salary by State in 2026
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Home Foreclosures Are Rising Across The US
(DBN)

Freddie Mac House Price Index Increased in September; Up 1.9% Year-over-year
(DBN)

Grenfell Tower Fire Lessons for Landlords & Insurers
(DBN)

Chart: U.S. Home Insurance Premiums Rising Quickly
(DBN)

Immigration Slowdown To Sharply Reduce Renter Household Growth, Study Says
(DBN)

New York Real Estate Surge Fuels Growth for Law Firms and Corporate Entities
(DBN)

Parents With Preschool Kids Are Saving for Their Down Payments, Survey Says
(DBN)

The 'haunted' housing market's real problem may be too few people, not too few homes, says JP Morgan's David Kelly
(DBN)

'Nasty' landlord blasted 2 tenants with shotgun for eating his ice cream: Police
(DBN)

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Municipalities:

Oakland Unified at “high” risk of financial insolvency, independent analysis says
(DBN)

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Oil/Gas:

Oil prices retreat sharply
(DBN)

Oil rises after reported U.S. strike on Iran’s Qeshm Island dents peace hopes
(DBN)

Trump's diesel deal with Putin benefits no one except Putin
(DBN)

Oil stocks in U.S. strategic petroleum reserve lowest since 1982
(DBN)

Ranked: Which Countries Use the Most Oil Per Person?
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

96% chance the Democrats take the House • 79% chance the Democrats take the Senate • The NYT/Siena polls show a blue tsunami • Prediction Markets Now Favor Dems to Win All 7 of Top Swing Races
(DBN)

‘We forgot what it's like to be populist’: Republicans see Trump’s 2024 crumbling
(DBN)

Democrats plan big Trump probes if they win Congress. Then the real fights begin.
(DBN)

Leader of GOP group quits rather than vote for party’s candidate
(DBN)

46 Million Already Voted!
(DBN)

Trump allies brace for massive legal bills if GOP loses midterms
(DBN)

ChatGPT Is Giving Voters Ludicrous Misinformation Right as the Midterms Hit
(DBN)

America's left and right agree: The country they know is slipping away
(DBN)

Trump quietly plotting his own escape to friendly dictatorships: legal expert
(DBN)

Trump delivers final midterms speech to just 60 people at the renovated Reflecting Pool
(DBN)

What Caused the Ratings Decline at Fox News? • Fox News Ratings Decline Due to Viewer Fatigue, Murdoch Says
(DBN)

Stephen Miller’s secret plot for after election exposed • Trump preparing to steamroll Congress if Democrats win
(DBN)

A Right-Wing Think Tank Has a Plan to Prevent Democrats From Being Seated in Congress
(DBN)

Trump Living in Alternate World of AI Slop, Insiders Say
(DBN)

Ken Paxton Campaigns With Free Beer, Trump and a Plea: ‘Pray for Me’ • Ken Paxton's last stand
(DBN)

‘In the trenches’: Wisconsin’s struggling small businesses could turn a Trump ally’s district blue
(DBN)

Shocking new report reveals half of the military wants to quit over Trump • 79% of Veterans and Service Members Say Politicians and Society Are Leaving Them Behind: Poll
(DBN)

The Backlash to Corruption Is Going Global
(DBN)

Concern mounts for Democrat Haley Stevens after ‘trainwreck’ interview over Republican endorsement • El-Sayed campaign says it raised record $2.4 million in one day after Stevens GOP endorsement • Haley Stevens' mom rips misogynistic trolls who say Jewish fiance to blame for stunner • Trump Invites Haley Stevens to Join GOP as Democrats Condemn Her ‘Betrayal’
(DBN)

‘What does that mean?’ Trump drops baffling rationale to disqualify midterm challenge • Trump floats plot to ‘redo’ critical Senate election if GOP loses • Stan Woodward’s Brainwave Shorts Out In Alaska • US judge dismisses Trump election lawsuit in Alaska
(DBN)

The Trump Administration Is Wreaking Havoc on the Electoral System Before the Midterms
(DBN)

Trump stuns by telling ranchers they’re to blame for plunging beef prices
(DBN)

‘Prefers whites only’: Town reverses Trump on covering ‘diversity’ mural at his rally site
(DBN)

Texas voters on high gas prices under Trump: ‘Probably made me go more Democrat’
(DBN)

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Precious Metals:

97-Year-Old Sues 'Toy Story' Star Over 58% Gold Markups As Bankrupt Dealer Owes Customers $49 Million
(DBN)

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Cruise Lines:

Villa Vie residents made a 'Hail Mary' effort to buy the Odyssey. Read the letter confirming the plan is dead.
(DBN)

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Tax:

California's mega-rich have outspent foes 250-1 to sink billionaire tax
(DBN)

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Pulp:

Mercer International plans Chapter 11 to cut $1.1 billion in debt
(DBN)

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Fraud:

Options When Fraud Is Discovered in Commercial Cases
(DBN)

Doctor who billed Medicare millions for fake Botox while sunbathing, splurging learns fate
(DBN)

N.J. College Planner Pleads Guilty To $9.7M Ponzi-Like Scheme
(DBN)

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Forest Products:

Lebanon County lumber manufacturer emerges from bankruptcy
(DBN)

____________

Sports:

LIV Golf 2.0: why the breakaway league is probably finished
(DBN)

____________

  New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (116 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Cross-Border:

U.S. Federal Court Orders Papaya to Stop Moving Assets Outside the United States
(DBN)

____________

Aviation:

Victims of Florida plane crash include a 20-year-old who got her pilot’s license as a teen • Evidence indicates parts of jet broke off before Florida crash that killed 9, investigators say • Plane appears to have entered strong storm minutes before crash • Doomed Learjet co-pilot Nathalia Filgueiras texted boyfriend just minutes before deadly crash • NTSB reveals chilling details of Florida Learjet crash as agency probes co-pilot’s role in incident • Victim of doomed Florida plane heard reciting Lord’s Prayer before jet crashed, killing all onboard
(DBN)

Ranked: The 10 Busiest Airports in North America
(DBN)

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Telecom:

Brightspeed swaps CEOs as it reportedly nears bankruptcy
(DBN)

Inside Elon Musk’s plan to conquer a new industry
(DBN)

____________

Crypto:

Binance will survive the $6.3 billion hack but this is the start of a terrifying new era
(DBN)

What can we learn from the Binance hack and recovery?
(DBN)

____________

Retailing:

Children’s Place weighs bankruptcy sale or liquidation
(DBN)

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Celebs:

Princess Diaries star Erik von Detten's former company alleged to owe more than $63m in bankruptcy
(DBN)

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Tech:

Investors Are Getting Palpably Nervous About the AI Industry’s Financial Situation
(DBN)

S&P’s negative outlook on Meta underscores the risks of the AI spending boom
(DBN)

Wall Street CEOs split over AI risks
(DBN)

China Plans Broad AI Guardrails After Global Security Lapses
(DBN)

The AI boom is facing another supply crunch. This time it’s the amount of capital available to feed Silicon Valley’s endless need for cash
(DBN)

Permanent WFH Is AI’s Best Promise Yet
(DBN)

Anthropic posts $17B quarterly revenue but losses continue in fresh IPO filing
(DBN)

Anthropic’s colossal pay packages cost the company more than $100,000 a month per employee
(DBN)

Inside Anthropic’s Urgent Hunt for A.I. Computing Power
(DBN)

OpenAI pledges data center power cuts
(DBN)

Microsoft Patents an AI That Can Literally Put Words in People’s Mouths in Real Time
(DBN)

Meta Is Refusing to Remove AI-Generated Videos of Coaches Inappropriately Touching Young Athletes When Users Report Them
(DBN)

Former Meta security chief says giving AI agents your financial logins is totally insane
(DBN)

Political opposition to data centers mounts in US and abroad
(DBN)

This Wharton professor says becoming a plumber won’t save you or your kids from AI — but these 4 things could
(DBN)

Pentagon probes overnight sabotage of food supply at 14 US military bases as hackers exploit global loophole
(DBN)

Number 1 on iTunes: AI Christian Rock Song by Fake 'Artist'
(DBN)

____________

Personal Finance:

A prank meant to humiliate a Red Baron worker backfired—now strangers have given the dad of 4 more than $760,000
(DBN)

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Biotech:

Karyopharm, deep in debt, to sell itself in bankruptcy
(DBN)

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Social Media:

Scrolling for Massacres
(DBN)

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Autos:

America’s Car-Mart receives shortest extension yet on $892M debt deadline
(DBN)

____________

Climate:

Chart: Natural Disasters Are Taking a Bigger Toll on Insurers
(DBN)

Disaster 'larger than any in world history' could hit California • What the El Niño worst-case scenario would look like in California
(DBN)

Big tech promised to lead on climate. Now it's driving a fossil fuel boom.
(DBN)

____________

Sovereigns:

A Debtors’ Club for a Fragmented World
(DBN)

____________

UK:

30,000 jobs on line as PM urged to block UK brand's administration • Poundland founder challenges administration amid rising sales
(DBN)

'Quiet quitting' could be hitting the economy - here's why
(DBN)

____________

EU:

Wave of discontent sweeps Europe • France's student protests resume as pupils blockade schools
(DBN)

The French economy is in a terrible state
(DBN)

____________

Canada:

Tariffs: Manufacturers group optimistic about Canada-U.S. trade
(DBN)

____________

Russia:

False nuclear attack warnings hit Ukraine
(DBN)

Russia kills at least 24 in horrific bombing on Ukraine school
(DBN)

Ukraine has put thousands of new war robots into the fight. Fall and winter will test how they handle mud and snow.
(DBN)

Russian strikes choke Ukraine’s economy as steel shuts down and grain exports stall
(DBN)

Ukrainian drone strike sparks major fire at one of Russia’s largest oil refineries
(DBN)

____________

Argentina:

Argentina's austerity-hit economy reels towards recession, testing Milei ahead of 2027 vote • Argentina's Kirchner betting on Trump's defeat -- and her own comeback • Milei pitches Patagonia for AI data centers as resistance grows in the US and Europe
(DBN)

____________

MENA:

Israeli officials say elections will stand after Netanyahu claimed Arabs stole vote
(DBN)

US and Iran resume ‘very intensive’ peace talks on ending war — as Trump threatens new strikes • Iran Says It Would Reopen Strait of Hormuz in 2 Days as Part of U.S. Deal • US, Iran Study Proposals amid Limited Strikes • Iran Says U.S. Must Meet Seven Demands Before Hormuz Reopens
(DBN)

Gulf Economies, Torn by War in Iran, Desperately Need a Return to Normal
(DBN)

Shipping Strikes In Hormuz Leave Both Sides With Economic Pain
(DBN)

____________

Serbia:

Owner of private Serbian bank detained and accused of siphoning money
(DBN)

____________

Ireland:

Irish Courts in a Borderless Economy: Global Corporate Disruption, Strategic Restructuring and Cross-Border Recognition
(DBN)

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