December 26, 2013

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Irell & Manella Beats The Market Again (But By Less Than Usual)
(DBN)

Managing Partner Reminds Minions That He’s Way Richer Than They Are
(DBN)

As The Weil Turns: A Promising Young Partner Packs Up And Moves On
(DBN)

Business of Law
(DBN)

Kane Russell Names Bankruptcy Lawyer As Director --- Jason Binford
(DBN)

Bona Fide Office Rule In the News Again
(DBN)

A Discussion About Biglaw’s Present
(DBN)

For Attorneys, It's the Season for Collecting --- Unpaid Invoices: Law firms have some special problems
(DBN)

Am Law 100 Firms Snap Up Red Lobster Work
(DBN)

Miserable High-Paying Jobs
(DBN)

This Sentence Probably Should’ve Included A Spanking
(DBN)

Why lawyers can’t write
(DBN)

Students Outsmart Professors?
(DBN)

Reading The Tea Leaves When Heads Roll
(DBN)

Want Ad Seeks Lawyers Willing To Sell Out Other Lawyers
(DBN)

No Shades of Gray in the Commoditization of Law
(DBN)

Law firms change from lay-offs to compensation and training
(DBN)

14 Mistakes You're Making On LinkedIn
(DBN)

U.S. Email Is Still a Safe Bet
(DBN)

The First 15 Apps You Have To Download For Your New iPhone
(DBN)

18 Apps We Couldn't Live Without In 2013
(DBN)

How to look good in a dress shirt
(DBN)

Santa Claus shot with pellet gun at DC toy giveaway
(DBN)

Santa, elf face drunk driving charges after crashing horse-drawn sleigh
(DBN)

Man in Santa outfit robs bank
(DBN)

Woman jailed for throwing peanut butter at brother
(DBN)

Bank Takes 85-Year-Old Woman To Court After Losing Thousands In Scam
(DBN)

The Heartbreaking Tale Of A Craigslist Serial Killer Reveals A Lot About Society And Relationships
(DBN)

Stepfather Shoots And Kills Teenage Daughter Mistaken For A Burglar
(DBN)

The 10 Most Ridiculous Lawsuits Of 2013
(DBN)

Family's Front Door Kicked In, Christmas Gifts Stolen While At Church
(DBN)

Congress Skeptical of New Pentagon Spy Agency
(DBN)

Unwise Man In Frankincense, Myrrh, Pot Bust
(DBN)

Top 5 'Bad Santa' Arrests: A Ho-Ho-Holiday Lineup
(DBN)

Surgeon suspended after 'branding' initials on patient's liver
(DBN)

______________

Judges:

The Ohio Supreme Court Does Not Know What A Text Message Is
(DBN)

Justice Ginsburg Shouldn’t Retire, Says Too-Clever-By-Half Article
(DBN)

Courts reviving 'debtors' prison'
(DBN)

The weasel and the pigeons: A Christmas story about lawyers in general practice
(DBN)

Judge: “Merry F---ing Christmas”
(DBN)

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Wall Street:

U.S. Index Futures Little Changed Before Jobless Claims
(DBN)

Global shares end higher in short session
(DBN)

23 Reasons Why Being A Wall Streeter Is Just The Worst
(DBN)

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Layoffs:

Fisker argues former employees should not get compensation as part of bankruptcy case
(DBN)

Entire staff at Chicago sandwich shop fired just before Christmas
(DBN)

Eight ways robots stole our jobs in 2013
(DBN)

Rand Paul has some Festivus grievances with Washington. The unemployed have some with him
(DBN)

Krugman: The Plight of the Employed
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Top Loehmann's Executive Would Get Bonus Under Proposal
(DBN)

Store Traffic Down Ahead of Christmas
(DBN)

As the clock ticks, retail traffic continues slide
(DBN)

Online holiday sales in last key weekend jump 37% --- Rampant Returns Plague E-Retailers
(DBN)

Justice Department Investigates Target's Credit Card Hack --- Target meets with US state attorneys as lawsuits pile up --- Banks could sue
(DBN)

Target hackers stole encrypted bank PINs - source --- Target Denies That PIN Numbers Stolen During Huge Security Breach
(DBN)

'After Christmas' begins before the holiday
(DBN)

30 Deals And Discounts To Maximize Your After-Christmas Shopping
(DBN)

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Trucking:

YRC Worldwide reaches deal to cut debt --- YRC Sees Interest Savings as Pivotal Union Vote Nears
(DBN)

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Health Care:

Interfaith Medical Center closure on hold --- Surprise three-month reprieve
(DBN)

Saint Francis Hospital bidders will face 3 hurdles
(DBN)

Judge Finds HealthBridge In Contempt, Orders Back Pay
(DBN)

Obamacare Deadline Keeps Getting Delayed, Even As Enrollment Skyrockets
(DBN)

Here Are The 14 Ways You May Qualify For An Exemption To The Individual Mandate
(DBN)

____________

Awards:

Milbank Partner Mark Shinderman Named "Outstanding Restructuring Lawyer" by Turnarounds & Workouts
(DBN)

____________

Economy:

Durable goods orders jump 3.5% in November --- Signals stronger US growth
(DBN)

Consumer Confidence Improves
(DBN)

Demand for Food Stamps Soars
(DBN)

Inequality Growing Around the World
(DBN)

Now It's a Deflation War
(DBN)

Bernanke at Fed Wasn't Net Positive
(DBN)

Pope's Christmas Wish: A Better World
(DBN)

New home sales give up some ground
(DBN)

The Biggest Business Failures and Successes of 2013
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Lease Termination: Say It Like You Mean It (Or Else)
(DBN)

New-home sales slip in November from five-year high --- Fell 2.1% in November
(DBN)

Housing Recovery May Be Running Out of Steam
(DBN)

US weekly mortgage applications sink 6.3 percent to 13-year low as higher rates slow sales
(DBN)

BofA Wins HELOC Decision
(DBN)

Behind the Headline Numbers of a Mortgage Settlement
(DBN)

What should happen to Fannie Mae, Freddie Mac? --- How Do You Solve a Problem Like Fannie?
(DBN)

SC developer proposes repaying creditors less than 5 cents on the dollar
(DBN)

Bank, owner in final negotiations over sale of defunct White House project
(DBN)

Bank Contributed to Lend America's Demise
(DBN)

Memphis: First Capital Center owner files for bankruptcy
(DBN)

ResCap Liquidating Trust Announces Initial Distribution of Units and Cash on or About December 27, 2013
(DBN)

The Most Incredible Homes To Hit The Market In 2013
(DBN)

Real Estate Agent Accused Of Having An Affair In The Home He Was Hired To Sell
(DBN)

____________

Municipalities:

'Safe Harbor' in Bankruptcy Is Upended in Detroit Case
(DBN)

Committee for unsecured creditors appointed in Detroit bankruptcy
(DBN)

Detroit reaches new settlement with banks --- Cuts Bank Payment From $230 Million to $165 Million
(DBN)

Detroit’s Beleaguered 36th District Court Making Strides Despite City’s Bankruptcy
(DBN)

Widows' Fire And Police Benefits Targeted In Detroit Bankruptcy --- 'Haven't we lost enough?'
(DBN)

Detroit Needs Money. Can A 'Grand Bargain' Save The City's Art?
(DBN)

Detroit's abandoned buildings draw tourists instead of developers
(DBN)

Plan to fix Harrisburg is in force, Pa. court told
(DBN)

Meet the key players in Harrisburg's debt deal
(DBN)

LA suburb back on financial feet after near- bankruptcy
(DBN)

Puerto Rico: The View From The Municipal Bond Market
(DBN)

Is East Cleveland headed for bankruptcy ?
(DBN)

FBI Ramapo Probe Shows Risks of Minor-League Stadium Boom
(DBN)

Cut Salaries, Not Pensions in San Jose, Judge Rules --- Judge blocks pension cuts in San Jose
(DBN)

Money city owes defunct MCS is growing fast, exceeding $80M
(DBN)

These Maps Show Where People From Different States Like To Vacation
(DBN)

State-By-State Economic Growth Breakdown - Three States In The US Are Contracting
(DBN)

____________

Food/Beverage:

Red Lobster May Close Its Doors Forever
(DBN)

McDonald's Tells Employees To Avoid Fast Food
(DBN)

____________

Student Debt:

Student Loan Delinquencies Rise
(DBN)

____________

Fraud:

Ponzi Scheme Victims: Are Courts Looking Under Rocks for Reasons to Bar Recovery?
(DBN)

Cohen Said to Have Warned Friend About Possible Federal Investigation
(DBN)

2013 Ponzi Schemes In Review: Nearly $3 Billion of Ponzi Schemes, Over 1,000 Years Of Prison Time
(DBN)

____________

Mass Torts:

$100 million deal agreed over US meningitis outbreak
(DBN)

A Look Inside the $100 Million Tainted-Drug Settlement
(DBN)

WR Grace Bank Settlement Opens Path to Bankruptcy Exit --- WR Grace to emerge from bankruptcy after 12 years
(DBN)

BP Loses Bid to Force Proof of Spill Losses
(DBN)

____________

Environmental:

Kodak, state, EPA still talking about cleanup fund
(DBN)

____________

Credit Cards:

AmEx to issue refunds for illegal card practices
(DBN)

____________

Celebs:

Bankrupt stars 2013: Celebrity faces who've been declared broke
(DBN)

____________

Brokers:

In Soured Investments, Brokers Emerge as Culprits and Victims
(DBN)

____________

Aviation:

Airlines make billions on flight switches
(DBN)

____________

Buses:

City Re-Assigning School Bus Routes Operated By Bankrupt Company
(DBN)

Felder: Resolution Has Been Reached In Bus Bankruptcy Crisis
(DBN)

____________

Telecoms:

Will BlackBerry Run Out Of Cash?
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (34 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Statistics:

Pittsburgh: Bankruptcy filings could hit 10-year low
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Avoidance Actions:

Happy Holidays to Preference Defendants: Third Circuit Holds Post-Petition Payments Do Not Reduce New Value Defense in Subsequent Preference Action
(DBN)

____________

TBTF:

Fed wants to scale back emergency lending powers
(DBN)

____________

Cross-Border:

Cognor's Zlomrex Seeks Bankruptcy Protection in New York
(DBN)

____________

Litigation:

Vendor Voice: Controlling E-Discovery Prices Is Crucial
(DBN)

____________

Gambling:

Philadelphia investors kicked the Atlantic Club's tires
(DBN)

Blue Christmas for some at soon-to-close AC casino
(DBN)

Judge approves casino's closure
(DBN)

Demise of Atlantic Club Casino Hotel leaves much uncertainty
(DBN)

After Atlantic Club sale, who's next in A.C.?
(DBN)

Hard Rock interested in buying Atlantic City Revel
(DBN)

____________

Holidays:

15 Unusual Christmas Rituals From Around The World
(DBN)

UPS backlog means missing Christmas gifts; Amazon responds
(DBN)

____________

Corporate Reform:

Bankers May Sue Over Volcker Rule
(DBN)

A User's Guide To The Volcker report
(DBN)

____________

Corporate Governance:

To Whom Are Directors" Duties Owed?
(DBN)

____________

Derivatives:

Surprise! A Good Decision for Derivatives Counterparties in the Lehman Cases
(DBN)

SDNY Bankruptcy Court Upholds Swap Provision That Modifies the Method to Calculate Amounts Owing Upon the Counterparty's Bankruptcy
(DBN)

____________

Movie Reviews:

American Hustle
(DBN)

____________

RVs:

RV Sales at Pre-Recession Levels --- Oregon Slammed by RV Industry Collapse - Thousands Fall From Middle Class
(DBN)

____________

Tax:

Swiss Banks Under Pressure as Deadline Nears for DOJ Program to Find U.S. Accounts
(DBN)

____________

Sovereigns:

The Real Facts On Argentina's Sovereign Debt Restructuring
(DBN)

____________

UK:

Firms entering insolvency rockets 41% in a year
(DBN)

Top insolvency practitioner loses battle against cancer at 54
(DBN)

Britain: Europe's Top Economy by 2030
(DBN)

____________

PIIGS:

Bertone facing bankruptcy yet again - report
(DBN)

ie: Bankrupt hurler let out of jail after court U-turn --- 'Hope to be bankrupt for Christmas'
(DBN)

____________

Canada:

RCMP investigating Golden Oaks, J.C. Lacasse
(DBN)

Jaguar Mining files for bankruptcy protection
(DBN)

45% Recovery For Victims of $50 Million Canadian Ponzi Scheme
(DBN)

____________

Russia:

Khodorkovsky could return to Russia after personal bankruptcy procedure
(DBN)

Russia Supreme Court to Review Khodorkovsky Cases
(DBN)

____________

Poland:

Historic Gdansk shipyard on the brink of bankruptcy
(DBN)

____________

China:

China Estimates 2013 Economic Growth to Beat Target
(DBN)

____________

Brazil:

Tycoon Eike Batista Reaches Deal With Creditors Over Oil Firm --- Batista Gives Up Oil Unit Control in $5.8 Billion Debt Deal
(DBN)

____________

Japan:

Head Of Japan's Second Largest Bank Stepping Down Over Mob Loans Scandal
(DBN)

____________

 

 

 

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