June 2, 2026

The Daily Bankruptcy News

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Law:

Summer Bonus Season Picks Up Steam As Elite Firm Hands Out Up To $35K
(DBN)

Two Years Out Of Law School And Billing $1,410/Hr. Sure, Why Not.
(DBN)

Florida Makes New AI Rule: Check Your Damned Work Or Else!
(DBN)

Law Firms Are Using AI as Strategy Tool, Not for Reliable Forecasts of Litigation Outcomes
(DBN)

AI hallucinations are exposing weaknesses in legal review processes
(DBN)

M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring
(DBN)

Major Law Firm Insider Trading Case Exposes Document Security Flaws, Spurs Call for Enhanced Protocols
(DBN)

Federal vs. State Venue in Bankruptcy: New York Judge Questions Strategy of Real Estate Law Firms
(DBN)

Rising Salaries for Legal Executives Driven by Global Risks and Technological Change
(DBN)

Biglaw’s Newest Giant Is Officially Open For Business At ‘Record Speed’
(DBN)

Transatlantic tie-up creating Winston Taylor goes live
(DBN)

Tech Fluency Is the New Reputation
(DBN)

Illinois Enacts Stricter Regulations on Non-Lawyer Investments in Legal Sector
(DBN)

Guardianship rights may have fueled woman’s actions for allegedly shooting 2 lawyers outside courthouse
(DBN)

What the independent accreditation process means for the legal profession—and for the broader ABA
(DBN)

CBP announces Pete Vasquez to be new Border Patrol chiefACLU sues DHS over 'inhumane conditions' at largest immigration detention facilityTexas Immigration Law Enforced: Fifth Circuit Ends Injunction on SB 4 Amid Federal Jurisdiction Debate
(DBN)

FBI veterans form support group to help employees deal with Kash PatelTo aid agents facing ‘consequences of upholding their oaths’
(DBN)

The DOJ Should Step Aside and Let State Bars Regulate Attorneys
(DBN)

Kash Patel girlfriend alleges MS Now defamed her
(DBN)

Trump just received an 'astounding rebuke' that reveals 'it's gotten much worse': experts
(DBN)

Trump admin plans to drop "weaponization" fundDOJ says it will abide by ruling that temporarily paused 'Anti-Weaponization Fund'
(DBN)

Legal talent leaving Trump administration in droves10,000 Federal Lawyers Are Gone And Trump’s Response Basically Confirms Why They Left
(DBN)

Oregon governor halts undercover license plates for ICE
(DBN)

Election denier Tina Peters asks Trump for job hours after being released from prisonTina Peters doubles down on debunked election claims hours after release
(DBN)

Ex-DOJ Lawyer Who Defended Trump’s Big Law Attacks Lands at Firm
(DBN)

66-year-old woman stabbed 20 times on Atlanta train, throat slit in random attack
(DBN)

Nancy Guthrie likely targeted by local worker who believed family was wealthy, veteran investigator says
(DBN)

Sex offender allegedly cut open camping tent, kidnapped and bound two women from hiking trail
(DBN)

Granny locked kids in park bathroom with pit bull outside after granddaughter's spat: Cops
(DBN)

Dad and daughter crushed by bulldozer that rolled off truck, driver failed to secure it
(DBN)

Driver tried to run down wife on her birthday but slammed into nightclub manager instead
(DBN)

Iowa man suspected of shooting 6 relatives before turning gun on himself when confronted by cops: ‘Act of evil’
(DBN)

Murder trial to get underway over deadly stabbing at Texas high school track meet
(DBN)

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Judges:

Selection of Timothy P. Lyster to Serve as Bankruptcy Judge in the Western District of New York
(DBN)

Judge says NPS can’t revoke DC protest permit over ’86 47′ flag
(DBN)

The Supreme Court’s common sense problem
(DBN)

Federal judge asks US judiciary to adopt nationwide rule requiring lawyers to verify AI-generated citations
(DBN)

Losing Trust in Justice Dept., Judges Call Out Its Lawyers’ Behavior
(DBN)

US Judge Arrested in Drunken-Driving Case Ordered Back to Court
(DBN)

Trump ominously says judge 'will be held responsible' just days before ballroom appeal
(DBN)

Justice Thomas upset SCOTUS wasted time fixing 'inconsequential' mistake in capital case
(DBN)

DOJ Wants Reprimanded Judge Recused in Georgia Voter Rolls CaseTrump DOJ tries to disqualify judge accused of having too much fun at Fani Willis event
(DBN)

Supreme Court Term Limits Are The Least Dangerous, Most Necessary Reform On The Menu
(DBN)

Supreme Court slams door on ex-Trump aide behind 2020 voting machine plot
(DBN)

Judge postpones civil trial over deadly collapse of Baltimore’s Key Bridge after late settlements
(DBN)

No more masks in courtroom, Texas Supreme Court tells judge with autoimmune disorder
(DBN)

Trump's Past Is Catching Up With Him
(DBN)

Inmate Who Filed Own Appeal Gets Supreme Court Review
(DBN)

The most important SCOTUS cases yet to be decided
(DBN)

______________

Wall Street:

Dow futures slide after record-setting session on Wall Street
(DBN)

S&P 500 rises to start June, but it’s all tech as oil spike hits rest of the market
(DBN)

For Goldman’s Top Bankers, It’s All AI Data Centers All the Time
(DBN)

Anthropic files for IPO before OpenAI amid race to the public markets for trillion-dollar startups
(DBN)

America’s AI boom is carrying more than investors admit
(DBN)

The AI trade is remaking the global stock-market order
(DBN)

Wall Street isn't about to share its AI stock-picking secrets with your robo-adviser
(DBN)

The stock market just did something eerily similar to the dot-com bubble top in 2000
(DBN)

Investors are piling into bullish options bets - another sign that the stock market is getting overheated
(DBN)

Short seller Andrew Left found guilty of securities fraud
(DBN)

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Layoffs:

'Zero evidence': Apollo's chief economist says AI-related job losses aren't happeningIs A.I. Replacing Tech Workers or Providing an Excuse for Job Cuts?
(DBN)

Tech’s Mass Layoffs Are Brutal—but They’ve Created a Massive Opening
(DBN)

Kellogg’s details hundreds of Omaha plant layoffs
(DBN)

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Religion:

Surging Antisemitism Threatens Jews and America
(DBN)

Jewish woman wearing Star of David pendant forced out of Spanish sauna
(DBN)

____________

Healthcare:

Rep. Davis appeals for federal funds to reopen bankrupt rural hospital
(DBN)

Hundreds protest outside Kenya quarantine center for US citizens
(DBN)

____________

Horse Racing:

Hawthorne creditors seek probe into racing funds amid bankruptcy dispute case
(DBN)

____________

Alternative Energy:

There's Enough Hydrogen Underground to Power Earth for 170,000 Years
(DBN)

____________

 

Economy:

CEOs are losing confidence in the economy and expect conditions to worsen in the next six months, survey finds
(DBN)

Young and unemployed? Remote work, not AI, may be the problem, study finds
(DBN)

U.S. manufacturers extend best hot streak since 2022, so why aren't business leaders happy?Manufacturing activity speeds up to fastest pace in four years: ISM
(DBN)

After issuing more than $20 billion in tariff refunds, the Trump administration is now pursuing legal action to bring the process to a standstill
(DBN)

Trump administration proposes 25% tariff on Brazilian goods over unfair trade practices
(DBN)

Another dire problem for Social Security: Trustees may be calculating the birth rate wrongSocial Security faces earlier insolvency as 2027 COLA surgesCBO projects Social Security insolvency by 2032, warns of major cuts
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

______________

Real Estate:

Seattle home prices see nation's biggest drop
(DBN)

Fannie and Freddie: Single Family Delinquency Rate Decreased Slightly in AprilTennessee among states with fastest-growing mortgage delinquency in homeowners
(DBN)

U.S. Foreclosure Activity Climbs to Highest Level Since 2020
(DBN)

Commercial, Multifamily Mortgage Delinquencies Mixed in First Quarter
(DBN)

NYC landlord pleads for help as ‘9-year-squatter’ nightmare costs him hundreds of thousands in unpaid rent, fees
(DBN)

Filing Alert: Twenty Three Times Investments Chapter 11
(DBN)

Filing Alert: Feng Tai Chapter 11
(DBN)

Western Iowa builder faces criminal charges, bankruptcy after taking money for unfinished homes
(DBN)

______________

Oil/Gas:

Global oil prices jump 7% to top $97 a barrel after Iran reportedly suspends talks with U.S. and fully closes Strait of HormuzGlobal oil prices top $95 a barrel and log best day in a month despite Trump saying peace talks with Iran have resumed following a pauseOil prices rise, but not by enough to drag Wall Street far off its records
(DBN)

Many big oil tankers remain stuck in the Strait of Hormuz - and may not return once they escapePersian Gulf Oil Tanker Traffic May Never Fully Recover
(DBN)

JP Morgan Sees Increasing Monthly Oil Demand Losses
(DBN)

____________

Crypto:

Mt. Gox moves 10,422 bitcoin worth $739 million to a new wallet as deadline nears
(DBN)

Keyrock Moves to Buy Bankrupt Blockfills in Chicago Chapter 11 Deal
(DBN)

____________

Agribusiness:

Farm Bankruptcy Filings Accelerate as Costs Continue to Outpace Crop Prices
(DBN)

____________

Politics:

Tracking approval and key issues
(DBN)

Donald Trump slams ‘unpatriotic’ Republicans in 1am postTrump’s 1AM war brag blows up in his face
(DBN)

Booted From Kennedy Center, Trump Stomps Off In A Rage
(DBN)

Krugman: Pogroms, American Style
(DBN)

Farmer Frustrations With Trump Spell Trouble for Iowa Republicans
(DBN)

Trump's health report sparks alarm as vascular surgeon makes ominous claim
(DBN)

Beneath All That Bluster, Trump Is Sweating
(DBN)

They Voted for Trump. Here’s How They Feel About High Gas Prices.
(DBN)

MAGA Rubin Stumbles When Repeatedly Asked to Name One Metric Trump's Made Better
(DBN)

Mockery abounds as GOP lawmaker says those who disagree with Trump should 'leave America'
(DBN)

Tensions linger between Republicans and White House over the ‘anti-weaponization’ fund
(DBN)

The White House Is the New Green Zone
(DBN)

Are Texans Ready for Talarico’s Kind of Christianity?
(DBN)

Rubio odds for GOP 2028 nominee close to overtaking Vance on Kalshi
(DBN)

Hegseth Strikes Female and Black Navy Officers From Promotion List
(DBN)

Appeals court blocks removal of transgender troops, but allows restrictions on recruits
(DBN)

Platner tests Democrats' tolerance for scandal
(DBN)

____________

Food/Beverage:

Filing Alert: Revolving Kitchen Dallas Chapter 11
(DBN)

Red Lobster survived bankruptcy but is still shutting down restaurants — here's where things stand now
(DBN)

Troubled whiskey brand Uncle Nearest has a buyer. What the latest court filing says
(DBN)

____________

Culture:

The Rattled Generation: A unified theory of this American moment
(DBN)

____________

Tourism:

With visitors dropping, Hawaii faces 'difficult' summer
(DBN)

____________

Family Entertainment:

Filing Alert: Urban Air Adventure Park Franchisee Chapter 11
(DBN)

____________

Furniture:

Filing Alert: Ortho Mattress Chapter 11
(DBN)

____________

Personal Finance:

Job seekers are using 'AI role-play' to negotiate salary. Here's how to do it.
(DBN)

____________

Renewable Energy:

GoldenPeaks Poland files for bankruptcy in US amid Brookfield bid
(DBN)

____________

Celebs:

Lawsuit over unpaid bills dropped against Deion Sanders' son ShiloDeion Sanders Called Out For Mishandling Shilo’s $11 Million BankruptcyThe Shilo Sanders bankruptcy mess apparently could have been avoided
(DBN)

____________

Telecom:

Optimum Reaches Equity Deals in Bid to Address Debt MaturitiesPatrick Drahi’s indebted US cable group escalates fight with creditors
(DBN)

____________

Consumer Protection:

Vermont Shields Vulnerable From Coerced Debt As Nine States Now Have Protections In Place
(DBN)

Toyota, Walmart, Apple Benefit from CFPB’s Deregulation Under Trump
(DBN)

____________

Autos:

America's New Car Market Just Lost 1 Million Buyers, And It's Getting Worse
(DBN)

More monthly auto loan payments are above $1,000, and most are not for luxury models
(DBN)

____________

Fraud:

Receiver in Ferrum Capital case asks judge to keep Josh Allen from selling assets in effort to reclaim money for victims
(DBN)

Aspiration co-founder sentenced to 14 years in prison after wire fraud amid NBA investigation, Clippers scandal
(DBN)

____________

Rail:

PKP Cargo asks creditors to swap debt for faster repayment
(DBN)

____________

  New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (51 new filings today)
(DBN)

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

Chapter 11 Bankruptcy Case Studies
(DBN)

Bankruptcy Statistics:

Bankruptcy filings are rising in Georgia. Here's where it ranks
(DBN)

______________

Mass Torts:

U.S. Supreme Court Declines to Review Georgia-Pacific’s Controversial Bankruptcy Maneuver, Raising Questions on Corporate Liability Strategy
(DBN)

Buffalo Diocese on plans for parishes to file for bankruptcy in Chapter 11 case'It's a very limited in scope bankruptcy': Buffalo Diocese asks all parishes to file for bankruptcy
(DBN)

Key hearing could affect payouts, lawsuits in Archdiocese of Baltimore's bankruptcy case
(DBN)

____________

Bankruptcy Research:

Women-Owned Firms Are Pushed to Liquidate During Bankruptcy
(DBN)

____________

D&O:

SpaceX’s IPO Filing and the Expanding Use of Litigation Deterrence Provisions
(DBN)

____________

Aviation:

Maeve Aerospace’s Hybrid-Electric Dreams Dashed by Insolvency
(DBN)

EasyJet calls Castlelake approach ‘highly opportunistic’
(DBN)

Traveler used AirTag to prove airline lied about lost luggage — and responses show it happens all the time
(DBN)

____________

Retailing:

Saks Global Nears Bankruptcy Exit, Logs $422.6M Revenue in AprilSaks Global’s Bankruptcy-era Sales Tally $1.6B With Heavy Reorg Costs
(DBN)

In QVC’s Bankruptcy Battle, Preferred Shareholders Challenge $400M Settlement in Court
(DBN)

Retail had a ‘surprisingly robust’ first quarter, but the real test is ahead as tax refunds dry up
(DBN)

____________

Education:

The 34 US colleges with the highest-paid graduates, ranked
(DBN)

____________

Cameras:

GoPro shutting down? Company raises survival concerns amid AI-driven memory crunch
(DBN)

____________

Tech:

Fed: AI's economic costs may hit faster than benefits
(DBN)

Unfortunate Company Accidentally Blows Half a Billion Dollars on Claude in One Month
(DBN)

OpenAI Is Latest Tech Company In The Litigation Hot Seat
(DBN)

Malaysia enforces social media ban for children under 16
(DBN)

Bernie Sanders: The Public Should Own Half of the Big A.I. Companies
(DBN)

OpenAI’s Altman says ‘people are right to be anxious’ about AI
(DBN)

Florida AG sues OpenAI, seeks to hold Altman personally liable for alleged harms
(DBN)

‘Disrupted or dead’: AI is crushing a generation of startups built before ChatGPT
(DBN)

Top AI labs expand research into machine ‘consciousness’
(DBN)

How One Tech Company Created 13 New Types of Jobs Because of A.I.
(DBN)

The massive run-up in AI stocks this year may be built on a 'token mirage'
(DBN)

AI stumbles on questions of faith
(DBN)

Nvidia expands AI push with Cosmos 3 world model
(DBN)

Alphabet asks shareholders to foot an $80 billion bill for AI expansion
(DBN)

____________

MENA:

US and Iran exchange renewed fire as Trump claims ‘all will work out well in the end’Iran suspends talks with US: reportUS bombs Iranian military sites, then downs missiles Tehran fired at troops in KuwaitThe Strait of Hormuz is splitting into U.S. and Iranian lanes as ship traffic picks up even while fighting intensifiesIran issues horror threat to attack Israel as Trump's ceasefire collapsingTrump says Iran did not inform US it was ceasing negotiations, says talks will go on Trump: ‘I don’t care’ if Iran negotiations are over
(DBN)

Israel orders strikes on Beirut’s southern suburbs as Hezbollah rockets hit northern IsraelIsrael orders strikes on Beirut’s southern suburbs as Hezbollah rockets hit northern IsraelHow Lebanon’s Best Chance to Disarm Hezbollah FailedLebanese official told U.S. that Hezbollah ready for full ceasefire with IsraelSea of tents in the heart of Beirut lays bare scale of Lebanon’s crisis
(DBN)

Trump reins in Netanyahu over Lebanon after Iran threatens to quit talksBlowin' up Trump reportedly tears into Netanyahu over Hezbollah strikes
(DBN)

Scott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
(DBN)

____________

UK:

St Davids Cathedral could face insolvency within two years, bishop’s visitation warns
(DBN)

Bradford housebuilder cheated creditors by secretly transferring company land to his partner
(DBN)

UK blocks visits by left-wing US commentators Cenk Uygur and Hasan Piker
(DBN)

UK dumps new tranche of damaging Epstein documents tied to ex-US ambassador: report
(DBN)

SRA appeals sanction given to law firm boss who bullied junior female staff
(DBN)

Confidence in the value of a degree hits record low in England
(DBN)

____________

EU:

Euro zone inflation rises to 3.2% in May as ECB prepares to raise rates
(DBN)

Hardening views on migrants push Europe toward Trump-like tacticsRefugees and migration: Is Europe closing its doors?
(DBN)

____________

Canada:

Dentons enhances insolvency and restructuring capabilities with the addition of seasoned partner Natasha MacParland
(DBN)

____________

Russia:

Russia finance officials tell Putin war spending is unaffordable
(DBN)

France seizes sanctioned Russian oil tanker
(DBN)

____________

Australia:

AFSA reports 6.2% rise in personal insolvencies
(DBN)

____________

Belgium:

Transport firm Ziegler is bankrupt; majority of 500 Belgian jobs lost
(DBN)

____________

Mexico:

Mexico cops discover massive tunnel into the US from Tijuana — and it was hidden in plain sight
(DBN)

____________

South Korea:

Lee Calls for Bankruptcy Forgiveness, Slams "Primitive Society" Where Debt Drives Families to Suicide
(DBN)

Corporate bankruptcies surge as SMEs buckle under debt burden
(DBN)

____________

China:

China’s housing market could have further to fall
(DBN)

____________

India:

Why so many company law, insolvency appeals reach Supreme Court from NCLAT? Justice Pankaj Mithal asks
(DBN)

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