February 18, 2026

The Daily Bankruptcy News

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Law:

Pentagon Declares War On Good Law Schools Because Of Woke
(DBN)

DEI at Law Firms Remains Live Issue a Year Into Trump’s Term
(DBN)

ABA Committee Urges Inclusion of Alternative Licensure Pathways Language in Accreditation Standards
(DBN)

Connell Foley LLP Launches New Corporate Restructuring & Bankruptcy Practice with Five Additions, Opens Wilmington, Del., Office
(DBN)

Tom Goldstein Rests Defense in Tax, Loan False Statement CaseTom Goldstein’s Vigorous Defense Gives the Jury a Lot to Chew On
(DBN)

Law Firm Alleges Crypto Miner Board Blocked $11M Legal Fee
(DBN)

California Attorney General Hammers Paul Weiss Over Trump Deal
(DBN)

Paperwork Stands Between Law School Receiving Millions In Funding
(DBN)

Corporate DEI Hindered By Threats and Probes—Not Rules or Cases
(DBN)

Former University of Pennsylvania president named Georgetown Law dean and executive VP
(DBN)

The Mental Load Of Working Parenthood In Biglaw
(DBN)

Expelled law student convicted of hoax bomb threat that forced evacuation during induction week
(DBN)

La Jolla attorney disbarred for allegedly harassing legal social media influencer ‘Law by Mike’
(DBN)

To Retire Or Not? That Is The Question.
(DBN)

Wealthy legal scion, 87, is shot dead in Maryland senior living facility
(DBN)

AI-created documents sent to attorney aren’t privileged, judge says
(DBN)

Coaches’ racial discrimination case against NFL can proceed, federal judge rules
(DBN)

Masturbating In Court Not ‘Inappropriate’ As Long As No One Notices, Prosecutors Argue
(DBN)

ICE has jailed people illegally more than 4,400 times, data shows Inside the Homeland Security Forum Where ICE Agents Talk S--- About Other AgentsDHS Collecting Big Tech Users' Personal Data, Issuing Subpoenas For ICE-Related CriticismFury as Trump admin keeps cities in the dark on plans for massive ICE detention facilitiesExpert aghast at Trump admin's scheme to turn legal immigration system into a 'trap'Trump admin hoisted by its own petard as bid to 're-detain' Kilmar Abrego Garcia fails
(DBN)

Jeanine Pirro files $250,000 personal injury lawsuit against her hometown with her ex-husband acting as attorney
(DBN)

Trump administration sued for Stonewall Pride flag removal in New York
(DBN)

Justice Department antitrust chief Slater resigns
(DBN)

FBI sued for 'unlawful withholding' of answers about why probe of Tom Homan was dropped
(DBN)

Trump administration strikes three more alleged drug boats in the Pacific and Caribbean
(DBN)

Shirtless Shia LaBeouf arrested and charged after ‘brawling in New Orleans bar on five-day Mardi Gras bender’
(DBN)

Teen in tactical gear arrested after allegedly charging toward US Capitol with loaded shotgun
(DBN)

California man previously on FBI's most wanted list pleads guilty to assaulting federal officer during protest
(DBN)

Transgender father Robert Dorgan ID’d as RI hockey shooter who gunned down familyHockey match shooter’s messy split with wife over gender surgery
(DBN)

Utah dance mom ‘spiraled’ after getting ‘mean’ texts from another parent before murder-suicide: sources
(DBN)

Man lied 400 times after killing his girlfriend and claiming she shot herself
(DBN)

'I keep doing s— like this': Man used hands and feet to beat neighbor to death, cops say
(DBN)

Man claimed he shot girlfriend by 'accident' after she was 'calling him names': Police
(DBN)

Body armor-wearing man blows away wife's ex-fiance while supervising child visitation
(DBN)

Man targeted family to run over and shoot, leaving kid dead, parents injured: Cops
(DBN)

Man who fired a crossbow at sister was planning on killing her since Christmas: Police
(DBN)

Woman posed as DCF agent, tried to kidnap 9-year-old from babysitter
(DBN)

Mom, her lawyer owe $3.2 million to white teen they accused of racial bullying, forcing Black kid to drink urine
(DBN)

'Arguing over a parking space': Navy dad of 3 shot dead in garage gunfight, cops say
(DBN)

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Judges:

Will Trump get a fourth Supreme Court justice? Speculation swirls around AlitoRumors and speculation swirl around whether Justice Alito is planning to retire from SCOTUS
(DBN)

Supreme Court to use software to identify justices’ conflict of interests
(DBN)

Rising immigration-related caseload is ‘not sustainable,’ federal judges say
(DBN)

Immigration judge rejects Trump effort to deport Palestinian student
(DBN)

Even A Trump Judge Knows We’re In The Middle Of A Constitutional Crisis
(DBN)

Trump Ally Jason Miller Attacks His Paternity Case Judge In Social Media Blast
(DBN)

Federal Judge Tells The Trump Administration To Quit Acting Like Big Brother
(DBN)

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Wall Street:

Stock futures rise ahead of Fed minutes
(DBN)

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Layoffs:

FanDuel Sports Network Shuttering CT Office, 44 Layoffs Expected
(DBN)

Kenvue beats quarterly estimates, announces over 700 job cuts
(DBN)

New Seasons lays off 95
(DBN)

Baystate Health layoffs: 117 jobs cut
(DBN)

Possibility of 350 permanent layoffs looming at LA Semiconductor in Pocatello
(DBN)

Whirlpool to cut nearly 350 jobs at Amana, affecting more than a quarter of plant staff
(DBN)

LAUSD board to consider sending 3,200 notices of possible layoffs
(DBN)

Palo Alto to cut over 500 CyberArk jobs
(DBN)

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Pharma:

Two Out Of Three Americans Now Take Medication Every Week
(DBN)

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Gambling:

Republicans turn on Trump czar over prediction market power grab: 'Destroying lives!'
(DBN)

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Student Debt:

Navient borrowers begin receiving payments from consumer watchdog case
(DBN)

Trump administration identifies more borrowers eligible for student loan forgiveness
(DBN)

Got In To Your Dream Law School? Federal Loan Caps Could Change The Math
(DBN)

Saddled with Student Loan Debt? Lawmakers Are Too.
(DBN)

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Sports:

Outrage as three million dogs to be 'massacred' by firing squad ahead of the World Cup | Daily Mail Online
(DBN)

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Private Equity:

CD&R Kept Multi-Color’s Keys, Creditors Fought Back
(DBN)

The 401(k) Takeover: Private Equity Muscles In on Retirement
(DBN)

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Consumer Protection:

The Council of Economic Advisers Discredits Itself
(DBN)

President Trump Escalates Assault On CFPB
(DBN)

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Banking:

Lessons From the Silicon Valley Bank Chapter 11: Preserving Indemnification and Contribution Rights
(DBN)

Big Bank CEO pay surged by $45 million in 2025
(DBN)

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Economy:

Wall Street Is Sizing Up Warsh’s Options to Shrink Fed Portfolio
(DBN)

Fed’s Barr signals patience on rates, warns AI boom could be inflationary in the near term
(DBN)

Unprecedented ‘Jobless Boom’ Tests Limits of US Economic Expansion
(DBN)

The ‘boomcession’: Why Americans feel left behind by a growing economy
(DBN)

Why men are finding themselves out of work and on the scrapheap
(DBN)

"The subpoenas are coming," firm warns corporate America
(DBN)

Washington Senate OKs income tax on millionaires
(DBN)

Mamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passed
(DBN)

Berkshire cuts Amazon stake, makes bets on New York Times
(DBN)

Japan, US reach $36 billion of gas, mineral deals in Trump pact
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

US homebuilder sentiment remains subdued amid affordability challenges
(DBN)

Mortgage rates sink to the lowest level in a month, sparking more refinance demand
(DBN)

Part 2: Current State of the Housing Market; Overview for mid-February 2026
(DBN)

Nate Paul bankruptcy blocks foreclosure of downtown Austin IHOP site. Will it last?
(DBN)

The Mysterious Past and Murky Future of the Mansion on Ocean Avenue
(DBN)

San Jose apartments with failed loan suffer plunge in value
(DBN)

What to know about the Palm Greens bankruptcy in suburban Delray
(DBN)

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Municipalities:

Mamdani says if the state won't tax the wealthiest New Yorkers, he'd have to tax the middle class as a 'last resort'
(DBN)

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Agribusiness:

Chapter 12 Farm Bankruptcy and Ag Groups Applaud USMCA Hearing
(DBN)

Farm bankruptcies tick up in Wisconsin, US
(DBN)

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Retailing:

As 2026 kicks off, these retailers are vulnerable to bankruptcy
(DBN)

Online Shopping Could Be AI’s Next Victim
(DBN)

Saks and Neiman low on luxury goods as fashion labels fret over court battle with Amazon
(DBN)

Ex-QVC insiders see a comeback. Here's the playbook
(DBN)

Conn’s bankruptcy case still shows signs of life
(DBN)

72% of consumers abandon baskets at check out after being declined for credit
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Trump turns civil rights champion in manic posting spree
(DBN)

Hillary Clinton accuses Trump administration of Epstein files 'cover-up' in BBC interviewHillary Clinton Accuses Trump Administration of Epstein Files ‘Cover-Up’Clintons call for their Epstein testimony to be held publiclyCasey Wasserman Loses L.A Mayor’s Support For LA28 Job Over Epstein Files Revelations: “He Should Step Down”Britain’s Monarchy Can’t Escape the Shadow of the Epstein ScandalThe Epstein files have brought a wave of resignations and investigationsNew Investigation Launched into Epstein’s 7,600-Acre Zorro Ranch. Here’s What We KnowHow a low-key Norwegian became Epstein’s top diplomatic fixer
(DBN)

‘You’re Going to See More Defections’: Thomas Massie’s Ominous Prediction for the GOP
(DBN)

Stephen Colbert Defies CBS, Says Network Banned Him From Interviewing James Talarico On ‘The Late Show’Says CBS Blocked James Talarico Interview Over FCC ‘Equal Time’ FearsCBS Hits Back At Colbert Over His Claim Network Pulled Plug On Talarico Interview‘Crap’: Stephen Colbert blasts CBS for denying it blocked James Talarico interview from air
(DBN)

Trump picks his White House assistant for panel reviewing ballroom
(DBN)

House Republican Faces Backlash to Islamophobic Post
(DBN)

With Witkoff and Kushner, Trump Bets on Diplomacy Without Diplomats
(DBN)

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Corporate Governance:

Companies are cycling through CEOs—and replacing them with first-timers
(DBN)

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Environmental:

A reckoning on the Potomac sewage spill
(DBN)

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Ride Hailing:

Tesla’s Austin robotaxis report 14 crashes in first eight months
(DBN)

Mom ditches hungry kids in Uber for hours, ignores driver's pleas to pick them up: Cops
(DBN)

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Autos:

Why it’s becoming so expensive to buy a car in America
(DBN)

Tesla avoids California sales halt over Autopilot marketing
(DBN)

Identity fraud revs up in the automotive sector as purchases move online
(DBN)

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Food/Beverage:

Baltimore: Black Olive files for bankruptcy to halt upcoming foreclosure sale
(DBN)

Red Lobster likely closing more restaurants after shuttering 130, CEO warns
(DBN)

Here's why these failed celebrity restaurants actually closed
(DBN)

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Furniture:

Bankrupt Value City may owe customers over $57M for undelivered orders
(DBN)

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Trucking:

30-year-old shipping company files Chapter 11 bankruptcy
(DBN)

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Footwear:

Nike Was One Bad Phone Call Away From Bankruptcy. Here’s How It Survived
(DBN)

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Cosmetics:

Pat McGrath Labs secures $30 million investment following bankruptcy filing Pat McGrath Labs secures $30M financing What Pat McGrath Labs’ bankruptcy tells us about the current state of Black beauty
(DBN)

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Aquaculture:

Waldoboro eel farm shutters, leaving harvesters and tribe high and dry
(DBN)

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Gift Cards:

Costco has a major update on the gift cards that have become useless — and how to get refund
(DBN)

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Assisted Living:

Court confirms a $5,000 nursing home settlement negated a $2.1M insurance claim
(DBN)

Bankruptcy hits assisted living developer that raised money through brokers
(DBN)

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Software:

More than 50% of enterprise software could switch to AI, Mistral CEO says
(DBN)

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Ports:

At nation’s biggest port in LA, ‘dismal’ China trade leads freight slump
(DBN)

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  New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

U.S. Farm Bankruptcies Surge in 2025
(DBN)

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Mass Torts:

The Diocese of Camden said it will help pay $180 million to resolve clergy sex-abuse claimsCamden Diocese announces $180 million settlement with clergy abuse survivorsClergy abuse survivors in South Jersey to receive $180 million in proposed settlementStatement from Bishop Joseph Williams on settlement with sexual abuse survivors
(DBN)

Brooklyn Diocese Agrees to Mediation to Settle Over 1,000 Abuse Claims
(DBN)

AI Is Disrupting Mass Torts With the Promise of Lower Costs
(DBN)

Asbestos Lawsuits Prompt Vanderbilt Minerals to File Bankruptcy
(DBN)

Bayer eyes deal to pay more than $7 billion in Roundup cases
(DBN)

Jury: Johnson & Johnson Liable in Case Linking Baby Powder to Cancer
(DBN)

____________

Discharge:

Collateral Estoppel For Nondischargeability Claims Based On Falsities Or Fraud (In re Timperman)
(DBN)

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UST:

USTP to Resume Debtor Audits
(DBN)

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Aviation:

Spirit Airlines canceled flights leave South Florida travelers stranded
(DBN)

United States Aviation Turbulence: Spirit Airlines Faces Credit Card Split and Bankruptcy Strain Amid 2026 Financial Storm
(DBN)

____________

Crypto:

Law firm says crypto miner's board waged 'scorched earth’ campaign to block legal fee
(DBN)

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Tech:

Chatbots Are the New Influencers Brands Must Woo
(DBN)

Apple Decouples From Nasdaq as AI ‘Whack-a-Mole’ Grips Market
(DBN)

AI concentration is everywhere
(DBN)

Meta patents an AI that lets people post from beyond the grave
(DBN)

AI 'Arms Race' Risks Human Extinction, Warns Top Computing Expert
(DBN)

AI Delusions Are Leading to Domestic Abuse, Harassment, and Stalking
(DBN)

Doorbell cams and surveillance tech face growing public backlash
(DBN)

How Trump saved TikTok: Backstory of a 2-year campaign
(DBN)

AI Data Centers Are Now Spiking Hard Drive Prices
(DBN)

India discussing age-based social media curbs, minister says
(DBN)

____________

Education:

Texas Takes A Flamethrower To Higher Ed (And Calls It ‘Reform’)
(DBN)

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Climate:

Why rivers in the far north are turning orange
(DBN)

EPA Ignores Congress’ Intent in Unwinding Greenhouse Gas Rules
(DBN)

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Non-Profits:

Fallout continues for Oregon nonprofits after San Francisco company goes bankrupt
(DBN)

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Healthcare:

Driggs’ hospital faced bankruptcy. Then an anonymous donor stepped in
(DBN)

New Bill Seeks To Ban Sale Of Medical Debt, Prohibit Impact To Credit Scores In Massachusetts
(DBN)

The problem with turning to pharmacists during a doctor shortage
(DBN)

____________

UK:

UK business administrations jump 41 per cent in 2026 with 150 retail and hospitality companies insolventBusiness insolvencies rise by 4%Personal insolvencies increased by 12% in JanuaryNorthern Irish insolvencies fallScottish insolvency rates edge upward despite January dipScottish business insolvencies fall
(DBN)

____________

EU:

Rubio Tries To Reassure Europe That US Is Not About To Sever Transatlantic Ties
(DBN)

Lagarde reported to consider early exit
(DBN)

____________

Canada:

Ontario court issues rare Ponzi scheme clawback order, requiring ‘winners’ to return $21.5 million
(DBN)

Canadian consumer confidence hits post-tariff high as youth lead rebound
(DBN)

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Thailand:

Thailand’s Pre-Packaged Rehabilitation: Can Thailand’s New Pre-Packaged Rehabilitation Regime Deliver the Efficiency of U.S. Chapter 11?
(DBN)

____________

MENA:

Iran fires missiles, Khamenei threatens to sink US warship amid nuclear talks Iran says 'understanding' reached with US as Geneva nuclear talks conclude amid threat of warIran and US agree on ‘guiding principles’ of nuclear deal, Tehran says
(DBN)

USA sends over 50 fighter jets to Middle East
(DBN)

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Russia:

Bankruptcies hit small Russian oil firms amid U.S. sanctions, price crash
(DBN)

Zelensky says Ukrainian public won't let him hand Russia territory
(DBN)

Russia demands US$2.1 billion from Google Ireland
(DBN)

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Austria:

Signa bankrupt René Benko remains in custody for another two months
(DBN)

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China:

U.S. releases new details on alleged secret Chinese nuclear test
(DBN)

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Finland:

Finnish fashion firm Voglia files for bankruptcy
(DBN)

At least 15k customers in limbo after ordering from bankruptcy-hit Asko, Sotka
(DBN)

____________

India:

India's bankruptcy process set for major revamp: IBBI wants commercial prudence, more transparency
(DBN)

IBBI moots changes in insolvency rules to plug procedural gaps; disputes on delayed claims to be handled solely by NCLT
(DBN)

____________

Germany:

Furniture distributor hits financial trouble as insolvency is filed
(DBN)

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Argentina:

Argentine court declares “king of beef” bankrupt
(DBN)

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Belgium:

Brussels cinema to close after Belgium’s oldest film distributor goes bankrupt
(DBN)

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