May 1, 2026

The Daily Bankruptcy News

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Law:

Surge in BigLaw’s first-quarter revenues, new Wells Fargo data showsUS Law Firms See Strong Q1 Revenue Growth Report
(DBN)

Biglaw Discovers That Charging $2,000/Hour Is Easier Than Actually Collecting It
(DBN)

Sullivan & Cromwell AI Error: Who Is Liable When Legal AI Gets It Wrong?
(DBN)

Brad Karp Defends Paul Weiss’ Decision to Represent Trump at Harvard Discussion
(DBN)

Illinois Court Ruling Paves Way for Jones Day to Seek Punitive Damages in Fee Dispute
(DBN)

Nussbaum bankruptcy sparks blowup with lawyer
(DBN)

Slaughter and May rolls out AI tool Harvey firmwide
(DBN)

Clifford Chance promotes 28 to partner in US-heavy round
(DBN)

Gibson Dunn and Moelis top their respective league tables in 1Q26 – US and Canada Restructuring Advisory Mandates Report
(DBN)

Law School Graduates Opt for Plaintiffs’ Firms Over Traditional Big Law Careers
(DBN)

The Most Prestigious Biglaw Firms In Texas (2027)
(DBN)

Big Law Firms Asked to Weigh in on Trump IRS Case Jurisdiction
(DBN)

Small Firms Can Train Great Lawyers Too
(DBN)

Higher racial diversity in US business and law schools is linked to higher graduate salaries
(DBN)

UCLA can’t threaten Federalist Society over ID’ing students who disrupted event, free speech group says
(DBN)

Emory Law kicks out 1L after ‘hateful and harassing emails and social media posts’
(DBN)

Law School Shuts Down Wrongful Convictions Clinic After Accusing Professor Of Misappropriating Funds
(DBN)

OnlyFans Goes Deep On Biglaw Talent, Pulls Out 20-Year Skadden Vet
(DBN)

Press freedom at lowest level in 25 years: RSF
(DBN)

Senators Say Lawyers Helped Wealthy Clients Dodge Taxes in Puerto RicoSenate committee urges investigation of wealthy clients who avoided taxes in Puerto Rico
(DBN)

Attorney will stand trial for leading break-in at beagle breeding farm
(DBN)

Harvey will expand legal AI presence with new Chicago office
(DBN)

WHCA shooting suspect agrees to remain detained ahead of trial
(DBN)

Man punches attorney when he learns he's going away for 50 years for murder: Authorities
(DBN)

Failed plane and bus trips: How ICE can't bring back man wrongfully deported to MexicoGreen Card Applicants Hit by Trump Travel Ban Got Two Legal Wins This WeekTrump's border wall expansion just bulldozed an ancient tribal siteDOJ sues New Jersey over tuition aid for some noncitizen studentsHochul asks Homan if ICE officer who shot Renee Good was reassigned to New York
(DBN)

Thin case for Comey’s prosecution stirs unease even among some in GOPThe Comey indictment could be upended by this 2015 Supreme Court precedentLongtime federal judge assigned to James Comey criminal caseTrump DOJ Pursuing Separate Comey Probe for Classified LeaksTop Comey Prosecutor Parroted Trump on Way to Targeting His Foe
(DBN)

Next stop Supreme Court? Trump loses $83 million appeal in Carroll case
(DBN)

‘We Know You Live Right Here’: No Secrets in America’s New Surveillance Dragnet
(DBN)

Trump demands judge halt discovery in Jan. 6 suit to avoid 'unnecessary distractions'
(DBN)

Case against Trump assassination suspect dropped after screwing up Miranda rights
(DBN)

Epstein Victims’ Pursuit of Justice Finds a New Venue: Albany, N.Y.
(DBN)

Goldman Sachs’ top lawyer Kathy Ruemmler turned down $30M to represent Jeffrey Epstein after his 2019 arrest: sources
(DBN)

Why Jeffrey Epstein’s purported suicide note is still being kept secret: ‘Time to say goodbye’
(DBN)

Nancy Guthrie Disappearance: Five Major Questions After 3 Months
(DBN)

What Cole Tomas Allen’s Social Media Posts RevealSecret Service Director Discusses How Cole Allen Went Down Unshot
(DBN)

Alabama man arrested in brutal murders of mother, pregnant teen daughter and 12-year-old son
(DBN)

New York rabbi found dismembered, stuffed in closet after being killed by Colombian gang
(DBN)

Grandma forced 4-year-old to drink 1/2 pint of whiskey as punishment, DA says
(DBN)

Target worker ruined innocent man's life with fake story about child porn on phone: Jury
(DBN)

Man fatally shot wife of 59 days because she was 'nagging' him about his drinking
(DBN)

Husband said it was 'easier to kill his wife' after being called a failure: Cops
(DBN)

Man agitated by slow driver pulled up to him and said 'Watch this' before shooting him
(DBN)

Man pushed ex from moving pickup, ran her over, then claimed 'she jumped,' police say
(DBN)

Duo committed murder-for-hire highway shooting against the wrong victim
(DBN)

Multiple people stabbed at Foss High School in Tacoma, WA
(DBN)

Juror found man guilty of fatal stabbing then allegedly went out and stabbed people
(DBN)

______________

Judges:

The Roberts Court Came In Like A Wrecking Ball For The Voting Rights Act Chief Justice Roberts Played the Long Game on Voting RightsIn Narrowing Voting Rights Act, Conservative Justices See Progress on RacismWhat the Supreme Court did to the Voting Rights Act
(DBN)

"They Are Who We Thought They Were"
(DBN)

The Supreme Court Did Not Want to Talk About Trump’s Long History of Gutter Racism
(DBN)

A Judge Just Turned The Government’s Own ‘Reconsider’ Motion Against Them And It’s Glorious
(DBN)

Judge Asks Justice Department: Will You Oppose Trump IN Suit Against US?
(DBN)

Shadow Docket Memos Reveal Uneven Reliance on Officials’ Remarks
(DBN)

Trump Judicial Pick ABA Rated Unqualified Advances in Senate
(DBN)

Entire court sued by Trump admin urges 4th Circuit to dismiss lawsuit immediately
(DBN)

______________

Wall Street:

Stock futures edge higher after the S&P 500 hits a record to wrap April’s trading
(DBN)

Stocks clock their best month since 2020 as Wall Street shakes off Iran oil shock
(DBN)

Junior Bankers Sick Of Grunt Work Build $2 Billion AI Tool To Do The Job
(DBN)

______________

Layoffs:

Saks Global cuts 16% of corporate staff as part of bankruptcy
(DBN)

Chattanooga Volkswagen Supplier Yanfeng Laying Off 153 Workers
(DBN)

Meta just told staff in an internal meeting that it isn’t ruling out further layoffs
(DBN)

Estée Lauder to cut up to 3,000 more jobs as CEO pushes overhaul
(DBN)

Major fresh meal-kit supplier files bankruptcy, plans 800-plus job cuts
(DBN)

List of Companies Laying Off Employees in May
(DBN)

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Climate:

Record heat, zero rain, millions of acres lost: Experts warn wildfires are now America’s problem to survive
(DBN)

The invisible force making food less nutritious
(DBN)

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Agribusiness:

U.S. Farm Bankruptcies Rose 46% in 2025
(DBN)

House Passes Farm Bill After Republican Infighting 'It Doesn't Help Save One Family From Farm Bankruptcy': Angie Craig Shreds Farm Bill
(DBN)

____________

Prediction Markets:

Senators just banned themselves from trading on prediction marketsHouse may ban lawmakers from prediction markets
(DBN)

____________

Water:

The Summer the American Water Crisis Turned Real
(DBN)

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Tech:

Inside the Courtroom at the OpenAI Trial Elon Musk Seemingly Admits xAI Has Used OpenAI’s Models to Train Its OwnMusk casts himself as AI's good guy in testimony vs. OpenAIOpenAI Is Shedding Baggage. Now It Needs a Jury’s Help
(DBN)

Big Tech’s AI payback might be coming into view
(DBN)

Google stock pops on Q1 earnings as analysts trumpet 'full stack' AI platform
(DBN)

I built an agent to do my job. Then it hung up on my boss.
(DBN)

McKinsey says clients are getting $3 back for every $1 spent on AI: 'Not too shabby.'
(DBN)

Teens embrace social media and influencers for news but remain skeptical
(DBN)

The Secret Weapon Against AI Dominance
(DBN)

OpenAI’s Amazon-level ambitions have one big problem
(DBN)

Mark Cuban warns the biggest career mistake right now is letting AI do your thinking for you
(DBN)

Ex-Meta manager says just 2% of engineers are winning the AI era
(DBN)

AI's endless game of thrones
(DBN)

This Texas billionaire’s nuclear-powered data center company faces collapse
(DBN)

____________

Personal Finance:

Nearly Half of Americans Regret Financial Decisions Due to a Lack of Understanding
(DBN)

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Economy:

Inflation spikes to 3.5 percent in March as Iran war drove prices higher
(DBN)

Economy rebounds to 2% growth in Q1, spurred by AI spending
(DBN)

Fitch warns US debt burden is far above other AA rated nations
(DBN)

Big central banks say rate hikes are getting closer
(DBN)

In the U.S., CEO pay grew 20 times faster than workers’ wages in 2025, says Oxfam
(DBN)

The US economy bounced back in the first quarter of 2026Economy picked up in early 2026, but inflation jumped, too
(DBN)

Rising Fuel Prices Force Policymakers to Weigh Excruciating Choices
(DBN)

US jobless aid filings fall to 189,000 last week despite multiple economic headwinds and Iran warUS Jobless Claims Plunge to 189,000, Lowest Since 1969
(DBN)

US economy grew 2% from January-March, recovering from last fall’s federal shutdown
(DBN)

Behind Powell’s High-Stakes Decision to Stay at the FedTrump says he doesn’t care if Powell remains on Fed boardCould Powell's decision to stay worsen relations between the Fed and the White House? Trump fumes as Jerome Powell plots future at Federal ReserveDOJ readies Fed subpoena appeal after closing Powell probePowell vows he won’t be a ‘shadow chair,’ but a Warsh clash will be tough to avoidJay Powell’s defiant curtain callBond investors brace for ‘volatile’ Federal Reserve transition as Powell stays on
(DBN)

Warsh's Fed challenges are clear with Powell's last hurrahKevin Warsh wanted a family fight at the Fed. It has already startedWarsh Must Confront Risks of Dissenting in His First Fed VoteKevin Warsh Has No Good Reason To Lower RatesFormer Fed economist raises alarm on Warsh after historically partisan vote: ‘this is not normal is going to be a theme’
(DBN)

Debt Reaches 100% of GDP
(DBN)

America Now Spends More on Interest Than Defense
(DBN)

The global economy has a month—eight weeks at most—to avoid a recession, warns top economist
(DBN)

Sam Altman Spent Millions on Universal Basic Income. Now He’s Changing His Mind
(DBN)

Silicon Valley Is Bracing for a Permanent Underclass
(DBN)

DEI Goes Quiet, But The Returns Are Speaking Volumes
(DBN)

Trump removes tariffs on Scottish whiskey after King Charles III’s visit leaves prez singing royal praises
(DBN)

Apple to seek tariff refunds, plans to reinvest money in the US
(DBN)

First Trump tariff refunds expected about May 11 
(DBN)

Moody's: America’s corporate credit is at a tipping point
(DBN)

How Populist Anger Fuels U.S. 'Tax The Rich' Movement
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

Freddie Mac House Price Index Decreased in March; Up only 0.7% Year-over-year
(DBN)

Rates Rise to 6.30% as Inflation Threat Returns
(DBN)

Ranked: Homeownership Rates by U.S. Occupation
(DBN)

Is It Too Expensive to Sell a House?
(DBN)

Zillow listings show just how desperate sellers are getting in Florida as real estate crash begins
(DBN)

When a Squatter Moves In, Homeowners Find Little Recourse
(DBN)

“Deliberate sabotage”: Bankrupt hedge funder’s UES townhouse sells after family legal spat
(DBN)

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Oil/Gas:

Blockbuster Oil Company Profits Revive Calls for Windfall Tax
(DBN)

Trump said Iran’s oil pipelines will soon ‘explode.’ Energy experts doubt it.
(DBN)

Trump bets on quick Iran oil crunch. Experts see prolonged pain and rising costs.
(DBN)

Returns before rigs: why surging oil prices haven’t sparked a Permian boom
(DBN)

GOP faces gas pump problem at the polls
(DBN)

$6 Gas in California Signals New Phase of the Global Energy Crunch
(DBN)

Oil's surge to $125 a barrel just made the next bet for traders a lot harder
(DBN)

Oil rises as White House says Iran ceasefire halts 60-day war deadline
(DBN)

Why betting on rising oil prices is now 'like picking up nickels in front of a bulldozer'
(DBN)

Pain at the pump is intensifying for US consumers as Iran war drags on
(DBN)

Higher Gas Prices ‘Worth It’ Says Florida Republican as Shortages Reported
(DBN)

Trump says Iran blockade working after oil hits wartime high
(DBN)

More than 50 countries agree to work on trade measures to cut out fossil fuels
(DBN)

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Politics:

Tracking approval and key issues
(DBN)

Trump claims he's served 3 terms while bragging he 'aced' cognitive tests
(DBN)

Trump adrift: the president’s second term is at risk of foundering
(DBN)

Public rejects Trump’s ballroom by wide margin
(DBN)

Eye-opening graphic shows how Iran war is most unpopular conflict of last 76 years
(DBN)

Republicans break ranks to challenge Trump administration on Iran war
(DBN)

Hedge fund Elliott likens Iran war to fight against Nazis
(DBN)

Trump sons to take stake in Kazakh miner that won $1.6bn US backing
(DBN)

Krugman: The Logic of NACHO - The only available deal is no deal
(DBN)

House passes DHS funding bill that would end shutdown for most of agencyHouse Republicans cave to Senate with vote to end 75-day DHS shutdown
(DBN)

$50B more accurate Iran war cost estimate: Angus King
(DBN)

After Supreme Court Decision, Louisiana Weighs Redrawing House Maps After major voting rights ruling, parties dispute whether the Supreme Court should finalize decision immediately to allow changes to Louisiana’s congressional map Supreme Court supercharges the death of competitive districts 7 House seats could shift to GOP after voting rights ruling: Cook Political Report, Sabato’s Crystal BallWhat a weakened Voting Rights Act means in today's AmericaSpeaker Johnson calls for redistricting Southern states before NovemberHow the Voting Rights Decision May Block the Rise of Young Black LeadersSome Black Southerners Say Voting Rights Ruling ‘Missed the Mark’
(DBN)

Three Ways Republicans Are Trying To Save the Midterms
(DBN)

About 6 in 10 say they try to avoid Trump news: Survey
(DBN)

Amazon considers ‘Apprentice’ reboot with Donald Trump Jr. as host
(DBN)

Top Democrat on military panel gives sweeping critique of Hegseth’s leadership Hegseth again has harsh words for critics6 takeaways from Hegseth’s first hearing since Iran war started
(DBN)

Candace Owens warns that Laura Loomer may have blackmail material on President TrumpEx-Charlie Kirk Security Chief Sues Candace Owens for DefamationLaura Loomer Denies Working Against JD Vance: ‘I Have Receipts’
(DBN)

Trump pulls Casey Means nomination for surgeon general for Fox News’s Nicole SaphierTrump turns against 'very disloyal' GOP senator in furious rant: 'Vote him out of office'
(DBN)

Beauty queen stripped of crown for racist tweets takes over state GOP's digital media
(DBN)

The pastor of the nation’s largest Methodist church is running for the US Senate in Kansas
(DBN)

Rep. Chuck Edwards under investigation by House Ethics
(DBN)

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Pensions:

PBGC to pay pension benefits for three First Brands plans
(DBN)

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Culture:

How American Dads Became the Parents Their Fathers Never Were
(DBN)

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Healthcare:

Filing Alert: Mizell Memorial Hospital Chapter 11
(DBN)

PRMC hospital leaders considering several options to curb dire financial situation and potential bankruptcy
(DBN)

Hundreds of US Hospitals at Risk of Shutting Down From Medicaid Cuts
(DBN)

FactCheck: “As a result of the 'Big Beautiful Bill' 15 million Americans have been thrown off the healthcare that they need."
(DBN)

PwC will drop cover for weight-loss drugs from employee health plans
(DBN)

Trump administration appeals order blocking government from cutting vaccine recommendations
(DBN)

Third Of Americans Are Having An Existential Crisis Right Now
(DBN)

____________

Trucking:

China’s self-driving truck leaders say AI breakthroughs won’t accelerate rollout — here’s why
(DBN)

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Furniture:

Soft market, tariffs among reasons for eSolutions bankruptcy
(DBN)

____________

Hotels:

ID: Shilo Inn Nampa abruptly shuts down Thursday, second closure in Idaho this weekEmployees say they were given no notice
(DBN)

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Gambling:

Maurice Hawkins Fires Back Over Bankruptcy Controversy
(DBN)

____________

Religion:

Church autonomy returns to SCOTUS
(DBN)

____________

  New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Bankruptcy court rules archdiocese can continue to assist parishes with real estate sales and affirms legal separateness
(DBN)

Buffalo: 8 churches will not have to contribute to Diocese bankruptcy settlementVatican ruling frees 8 Western New York parishes from Buffalo diocese settlement payments
(DBN)

Why 13 Catholic churches are closing in Northern California
(DBN)

Purdue Pharma $5.5B Opioid Settlement Approved
(DBN)

N.Y. Archdiocese Offers $800 Million to Settle Sex Abuse Claims
(DBN)

____________

UST:

“More Cases, Fewer Staffers Pinch US Bankruptcy Watchdog”
(DBN)

____________

Discharge:

Nondischargeability For “Willful And Malicious Injury” Cannot Be Based On Vicarious Liability (M.O. v. Rosario)
(DBN)

____________

Aviation:

Spirit’s Creditors Could Give Airline More Time, Hassett SaysSpirit Airlines 'days' from running out of cash as creditors resist Trump buyout: reportPeople who don’t agree on much do agree Trump shouldn’t bail out Spirit Airlines
(DBN)

Air Baltic Bondholders Engage Legal Counsel Amid Escalating Restructuring Concerns
(DBN)

The last time Trump bought an airline, it didn’t end well. Now, budget carriers are asking him for help
(DBN)

Disruptive passengers are such a nuisance that one airline wants to build a database of the worst offenders
(DBN)

‘Maniac’ passenger assaults airport crew after arriving late to flight
(DBN)

Trump signs DHS funding bill, ending shutdown for most of agency, including TSA
(DBN)

____________

Retailing:

Saks Global reduces workforce at its corporate offices
(DBN)

Bankruptcy filing reveals long list of creditors owed money by Wren Kitchens
(DBN)

____________

Crypto:

Elon Musk likes Bitcoin—but he just told a jury most crypto coins are scams
(DBN)

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Environmental:

Bankruptcy Court Orders Owner of Polluted Scrapyard to Surrender Property in North Portland, Allow Environmental Assessment
(DBN)

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Banking:

Glam JPMorgan executive Lorna Hajdini ‘drugged & abused married junior employee’ as she ‘made him her office sex slave’
(DBN)

____________

Summer Camps:

Camp Mystic drops summer reopening plan over outrage by families and Texas lawmakers
(DBN)

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Media:

Texas court pauses InfoWars turnover orders amid bid from The OnionThe Onion's bid to take over Alex Jones' Infowars is in limbo as new court battles emergeThe Onion's bid to take over Infowars moves to the Texas Supreme CourtSandy Hook families allege Alex Jones is making false claims to block Onion bid for InfowarsAlex Jones Makes Comeback Vow in Final InfoWars Broadcast
(DBN)

Trump Calls for Kimmel’s Firing, Again: ‘It Better Be Soon!’Trump: ABC in jeopardy by keeping Kimmel on airTrump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fireFree Speech Means Kimmel Has the Right to Ridicule You
(DBN)

____________

Education:

Penn State may cut 49 majors after closing 7 campuses
(DBN)

How A.I. Killed Student Writing (and Revived It)
(DBN)

____________

Horse Racing:

Progress in Hawthorne Bankruptcy Proceedings
(DBN)

____________

Private Credit:

Blue Owl surges as growth eases private credit doomsday fearsBlue Owl draws in $9bn as private credit market cools Blue Owl: Private credit BDC redemptions driven by concentrated minorityBlue Owl highlights business beyond private credit after profit beat
(DBN)

Blackstone's private credit fund sees investor demand cool in first quarter
(DBN)

Why I am buying private credit
(DBN)

Private credit strain pushes firms toward asset sales
(DBN)

____________

Golf:

LIV Golf reportedly loses Saudi funding as tour's future looks murkyLIV Golf races to secure financial lifeline as Saudis walk awayGolfers who rejoin the PGA Tour may face financial fallout.
(DBN)

____________

Autos:

First Brands’ creditor sues BDO over car parts maker’s collapse
(DBN)

How the Strait of Hormuz standoff threatens luxury auto giants
(DBN)

China’s EV price war turns into AI arms race beyond cheaper cars
(DBN)

____________

Food/Beverage:

Blue Apron Supplier Files for Bankruptcy. Here's Who's Taking Over
(DBN)

Potato Specialty filed Chapter 7 bankruptcy
(DBN)

Smokey Bones Chain Closes All Restaurants Nationwide
(DBN)

A smaller Hooters starts its comeback from bankruptcy
(DBN)

77 Hardee’s locations are shutting down following dramatic legal battle & bankruptcy
(DBN)

____________

Wind Energy:

Wind energy CEO says company 'must adapt' as Trump offers $2 billion to kill offshore wind projects
(DBN)

____________

Student Debt:

Trump Administration Imposes Caps on Graduate School Loans
(DBN)

Trump's sweeping student-loan repayment overhaul cleared its final hurdle
(DBN)

A major student-loan lender says it will ‘surprise and delight’ borrowers after Trump’s repayment overhaul
(DBN)

____________

Music:

AI Songs Take Up Four Spots in iTunes Top 10
(DBN)

____________

UK:

Claire's comeback? French tycoon looks set to revive defunct chain
(DBN)

Building Liability Orders: Group Exposure, Insolvency and Legacy Building Safety Claims
(DBN)

UK Toughens Audit Tests for Fraud, Bankruptcy Risk After Lapses
(DBN)

Three million households skipping meals as confidence in the economy plummets
(DBN)

Economic Gloom Grips the U.K.
(DBN)

Business confidence reacts to global uncertainty
(DBN)

____________

EU:

ECB holds rates amid Middle East tensions, inflation concerns persist
(DBN)

ECB and BoE warn of rate rises as they grapple with Middle East shock
(DBN)

Volodymyr Zelenskyy’s push for EU membership strains ties with allies
(DBN)

Mapped: Europe’s Birth Rate Collapse
(DBN)

____________

MENA:

Iran’s supreme leader vows to protect nuclear and missile capabilitiesSupreme Leader Says Iran Is Planning for Ongoing Control of StraitTrump, Iran are locked in high-stakes standoff as oil prices hit 4-year highCommanders to brief Trump on new Iran military options ThursdayTrump Claims ‘We’ve Already Won’ the Iran War But ‘I Want to Win By a Bigger Margin’Iran’s Leaders Turn to Old Supertanker to Survive US BlockadeTrump sticks with blockade, says it's 'incredible'US, Iran bet on the clock as stalemate endures
(DBN)

Top defense official confirms Russian involvement in Iran war
(DBN)

Trump floats a new plan to reopen the Strait of Hormuz
(DBN)

____________

Venezuela:

The first direct US-Venezuela commercial flight in 7 years lands in Caracas
(DBN)

____________

Russia:

Make no mistake, Vladimir Putin is now afraid
(DBN)

____________

Mexico:

Sheinbaum defies US demand to extradite Mexican officials on drug charges
(DBN)

____________

India:

A timely reset
(DBN)

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