October 11, 2013

The Daily Bankruptcy News

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Law:

Real change is here—whether you’re seeing it in your own practice area or not
(DBN)

Kirkland & Ellis Names New Restructuring Partners --- Ryan Dahl --- Noah Ornstein --- Jeffrey Pawlitz --- Christopher Greco --- David Meyer --- Brian Schartz
(DBN)

Bryan Cave Announces New Bankruptcy Group Head
(DBN)

BigLaw firm loses bid to dismiss $718M Ponzi malpractice lawsuit
(DBN)

Court Upholds $10M Greenberg Traurig Lawsuit Dismissal
(DBN)

Guy At The Center Of An Epic Law Firm Explosion Has An Absolutely Heartbreaking Story
(DBN)

"The Collapse" in THE NEW YORKER: Will it be law-firm culture, not models, which creates growth?
(DBN)

The Talented Mr. O'Riordan
(DBN)

Don’t Lie On Your Résumé — Even If You’re A Partner
(DBN)

UK: Female lawyers earn a third less than males
(DBN)

So How Much Do Contract Attorneys Really Make?
(DBN)

Prepping for That First In-House Job --- Expanding the View of In-House Life
(DBN)

10 Tips For Young Professionals Starting Their First 'Real' Jobs
(DBN)

Attorney suspended over forgeries in bankruptcy cases
(DBN)

The third year of law school has ignited a fierce and historic debate
(DBN)

1L Song
(DBN)

Is "Just Don't" the New J.D.?
(DBN)

Cooley Law Is A Great Place To Learn To Coach Hockey
(DBN)

Which Law School Has The Best Career Prospects?
(DBN)

Open Season On Interns?
(DBN)

The End of Class Action Lawsuits
(DBN)

Ohio Cannot Discipline D.C. Lawyer Who Has Bankruptcy Practice in Ohio
(DBN)

During Shutdown, Your Call Might Not Be Important to Us
(DBN)

I Was Sentenced To Life In Prison — Here's What My First Day Was Like
(DBN)

Lawyer’s fiction mirrors reality; his life fell apart after defending an accused pedophile priest
(DBN)

Drivers' Lawyers Say They Were Too Intoxicated To Commit Murder
(DBN)

Angry Houston Texans Fans Accost QB At His Home, Berate Over Poor Play
(DBN)

Father of boy who hopped flight: 'No one stepped up to help'
(DBN)

Undercover Cop In SUV Brawl Spied on Occupiers at Birthday Parties
(DBN)

‘Puffed up and angry’ park ranger tickets tourists for hiking on federal land during budget shutdown
(DBN)

Florida Woman Stabs Boyfriend In the Eye for Turning Down Threesome
(DBN)

Surprising Things That Could Make You A Sex Offender
(DBN)

Not All Voters Equal as States Move to Two-Tier Ballots
(DBN)

Inmate married defense lawyer for help with criminal deeds, authorities say; both are now charged
(DBN)

You're still dead, court tells live man
(DBN)

Oops. Former bar prez copies top court on email about its ‘ill-conceived and uninformed questions’
(DBN)

Robbing Banks for the CIA
(DBN)

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Judges:

U.S. District Judge W. Royal Furgeson Jr.: Shutdown Puts 'Big Hole in the Constitution'
(DBN)

NM federal courts will remain open during shutdown
(DBN)

McCutcheon Oral Argument: Or, Justice Scalia Explains How $3.5 Million Isn’t That Much Money
(DBN)

Lawyer's Guide to Scalia's New York interview
(DBN)

Judge admits selling religious material at courthouse, but says it didn’t distract her from work
(DBN)

‘Arrogant, power-abusing’ ex-justice should apologize as ordered, prosecutor says
(DBN)

Former Police Officer Armed With Assault Rifle Fires At West Virginia Courthouse
(DBN)

Judge fines defendant $50 over ringing cellphone ... then has to pay another $50 himself
(DBN)

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Wall Street:

Europe Stocks , U.S. Futures Gain With Dollar as Oil Rises
(DBN)

Stocks close with small gains; Nasdaq drops
(DBN)

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Layoffs:

Chesapeake Fires 10% of Workforce
(DBN)

Ten US Companies Firing the Most People
(DBN)

Why Furloughed Government Employees Won't Cause Jobless Claims To Explode
(DBN)

Cities Where Pay Is Growing The Most Right Now
(DBN)

Poll: Americans Severely Underestimate How Many Jobs We're Adding
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Men's Wearhouse suits Jos. A. Bank to tune of $2.3B
(DBN)

JC Penney stock up as retailer cites 'solid progress' in turnaround
(DBN)

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Hotels:

Former Trenton Marriott hotel to be sold at auction next month
(DBN)

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Economy:

IMF Warns: World Financial System Not Safe
(DBN)

IMF says start of Fed tapering threatens $2.3tn bond losses --- Decision not to taper was a 'close call'
(DBN)

Failure to raise US debt limit would spark global recession: OECD --- Fidelity sells off short-term US government debt --- Moody's offers different view on debt limit --- Here's The Truth About Debt Ceiling Trutherism --- Some in GOP: Default Won't be that Bad --- Senator: US default could lead to municipal bankruptcies like Detroit's --- Fears of a U.S. default are increasing --- The Kochs Can't Control the Monster They Created --- Obama Sets Meetings With Lawmakers --- Obama Is Already Sniping At Republicans Ahead Of A Big Meeting Today --- Obama Issues Another Debt Limit Warning --- The Folly of the Debt Ceiling --- Fed's Fisher Warns on Flirtation with Default --- GOP Quietly Backing Away from Obamacare --- GOP Alters Asking Price to End Shutdown --- Wharton Negotiation Experts Map Out 15 Ways To End The Government Shutdown --- GOP Favorability Ratings Have Tanked To Their Lowest Point Ever --- It's Looking Like Republicans May Give In To A Short-Term Debt Ceiling Raise --- Why Congress's Lousy 5% Approval Rating Doesn't Matter --- Analyst: This Is The Tea Party's 'Alamo' — The Odds Of Default Are 20% --- 'Braveheart' --- Political Wrangling Hits Short-Term Loans --- Starbucks Wants The Shutdown To End So It's Giving Away Coffee --- Shutdown delays notice of Social Security COLA --- Man Tasks Himself with Keeping DC Memorials Tidy During Shutdown --- US shutdown makes an easy target, as diplomats gather in Washington --- Trucker Protest Gets Crazier with Lady Who Believes Obama Is Osama --- Tracing the Calendar Down to the Last Cent --- How the Shutdown Hurts Main Street
(DBN)

Obama announces Janet Yellen as nominee to be next Fed chair --- If approved as Fed chair, Yellen must confront tough challenges on stimulus, economic recovery --- What Janet Yellen's nomination means for middle-class Americans --- Yellen Promises to Help Hardest Hit Americans --- Why Janet Yellen Will Craft the Greatest Fedspeak Ever --- For Janet Yellen, quiet patience paid off --- Yellen Fed to Stick With Tougher Rules for Riskiest Banks
(DBN)

Ben Bernanke helped lead nation out of crisis
(DBN)

A New Poll Shows Americans Don't Actually Understand Anything About The Deficit
(DBN)

Even A Poll Asking People How The Debt Ceiling Works Doesn't Understand How The Debt Ceiling Works
(DBN)

The Most Important Charts In The World
(DBN)

Anxiety as stimulus hike in food stamps set to end
(DBN)

A Guide To America's Wealthiest Family
(DBN)

Here's Where The World's Richest 0.00001387015% Live
(DBN)

In Just 5 Years The World Will See A Stunning Increase In The Number Of Millionaires
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

 

September Foreclosure Activity Down 27 Percent From Year Ago, Marking 36 Months of Annual Decreases --- Charlotte foreclosure activity drops 46% in September --- Number of Fla. homes owned by banks still rising --- Foreclosure starts in Chicago area ease in 3Q
(DBN)

Builders Selling Houses but Don't Disclose They're Keeping the Mineral Rights
(DBN)

Photos Of The $1.4 Million House A Pittsburgh Steelers Coach Allegedly Trashed
(DBN)

Miami site fetches $7.3M at bankruptcy auction
(DBN)

____________

Municipalities:

Snyder explains path to bankruptcy filing in deposition --- Gov. Snyder Gets Grilled For 3 Hours By Union Lawyers --- Historic day: Unions grilling Michigan governor under oath
(DBN)

Detroit's Managerial Milestones
(DBN)

Request to freeze lawsuits against 36th District Court brings union objection
(DBN)

Detroit: Joining The Attention Economy
(DBN)

Long sentence expected for former Detroit mayor
(DBN)

Comedian Lewis Black Weighs in On Detroit's Bankruptcy
(DBN)

Detroit is Paying $600 an Hour to the Guy Appointed to Oversee Bankruptcy Expenses
(DBN)

Why the Detroit Institute of Arts is one asset that Kevyn Orr shouldn't touch
(DBN)

Puerto Rico Might Need A Federal Bailout Because It Can't Declare Bankruptcy --- Puerto Rico Yields Above Venezuela’s in Worst Rout
(DBN)

Stockton gives CalPERS a pass, but pension costs still big issue
(DBN)

Citigroup breaks securities law in Jefferson County bankruptcy deal, lawsuit says
(DBN)

Next two weeks busy for Jeffco Commission bankruptcy
(DBN)

California ranks 48th in Tax Foundation's business climate index --- New York Not-So-Open For Business --- Texas Drops Out of List of Top 10
(DBN)

____________

Awards:

Butler-Cooley Excellence in Teaching Awards Presented at The TMA Annual
(DBN)

Carl Marks Student Paper Competition Winners Recognized at The TMA Annual
(DBN)

____________

Mass Torts:

Garlock lawyers say asbestos plaintiffs’ firm concealed exposure and ‘implanted memories’ to increase fees
(DBN)

____________

Video Games:

THQ sues UFC and EA over UFC video game license --- EA discussed buyout of THQ a year before it went bankrupt, say court docs
(DBN)

____________

Compensation:

McDonald's Employee And Single Mother Detained For Confronting Company President About Worker Pay
(DBN)

____________

Food/Beverage:

NM peanut butter plant closes, files for Chapter 7
(DBN)

NYC restaurant requires patrons to eat in silence
(DBN)

____________

Credit Cards:

Card issuers ready to check cardholder income, assets
(DBN)

____________

Fraud:

Madoff Trustee Asks Supreme Court to Let Him Sue Banks
(DBN)

Ex- Madoff Workers Trial to Be Jurors' Reality for 5 Months
(DBN)

Martha and Milken and Madoff, Oh My! Profiting From Corporate Criminals and Prison Stocks
(DBN)

Potential jurors in Madoff employee trial asked about celebrity victims of $65B scam
(DBN)

____________

Coal:

Patriot Coal Announces Settlement with Peabody Energy --- $310 Million Accord on Patriot Retiree Benefits --- Plans Bankruptcy Emergence By Year-End
(DBN)

Arch Coal to Acquire Patriot's Guffy Assets; Parties Resolve Litigation
(DBN)

____________

Banking:

JPMorgan seeks to bail on dicey lenders
(DBN)

____________

Religion:

Bankruptcy judge rejects Charles Street AME church’s repayment proposal to OneUnited Bank, creditors
(DBN)

____________

Health Care:

Dantra Healthcare to close 3 facilities in King George following Chapter 11 bankruptcy filing
(DBN)

Calif. health exchange processed 16K applications
(DBN)

Some Left Out in the Cold by Obamacare
(DBN)

____________

Telecoms:

Judge sends various LightSquared plans to creditors for vote
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Tax:

Hedge funds score 1,000% return bankrolling tax refund bankruptcy case
(DBN)

Overseas Shipholding to Sue Former Legal Counsel Over Tax Snafu
(DBN)

Supreme Court Will Hear Quality Stores Case
(DBN)

____________

Bankruptcy Bonuses:

Judge Clears ResCap to Pay $2 Million Bonus to Restructuring Chief
(DBN)

____________

Plan Confirmation:

Supreme Court Leaves Standing Seventh Circuit’s Castleton New Value Opinion
(DBN)

____________

Cross-Border:

Foreign Representative Alert: Chapter 15 Gap Period Relief Subject to Preliminary Injunction Standard
(DBN)

____________

Involuntary Bankruptcy:

Ninth Circuit Splits From Fourth Circuit on Involuntary Bankruptcy Standard: In re Marciano
(DBN)

____________

Jurisdiction:

Fifth Circuit Nixes Consent in Stern Cases
(DBN)

____________

Due Process:

A Tale of Two Rules: The Questionable Applicability of Rule 7004(b)(3) to Claim Objections
(DBN)

____________

Personal Finance:

Awesome Free Things Nobody Knows About
(DBN)

____________

Tech:

Avoiding the Fallout From a Bankruptcy in the Cloud
(DBN)

____________

Electricity:

Old Russian Warheads Power 10% of America
(DBN)

____________

Rail:

Eight suitors express interest in MM&A auction
(DBN)

Bankruptcy judge approves $3 million loan to allow Montreal, Maine and Atlantic Railway to continue operating
(DBN)

____________

Corporate Governance:

When Board Members Behave Badly
(DBN)

____________

Education:

The Ridiculous Items A Dartmouth Fraternity Makes Its Pledges Carry Around At All Times
(DBN)

____________

Television:

Crane: Astros' payroll could be $50-60 million in '14 --- Crane hopes Astros, CSN Houston can strike deal
(DBN)

Astros Owner: CSN Holding Out
(DBN)

Comcast opts not to get in war of words with Astros before hearing
(DBN)

____________

Aviation:

Union: Alitalia closes on cash injection to stay in the skies
(DBN)

Alitalia's Capital Needs Soar as Collapse Looms
(DBN)

____________

Alternative Energy:

A123 Systems reorganizes and names new CEO --- Announces Alignment Plans With Wanxiang
(DBN)

____________

Hockey:

NHL plans to pursue further legal action against Jerry Moyes
(DBN)

____________

Furniture:

Investors’ lawsuit accuses Furniture Brands of hiding financial problems
(DBN)

____________

Sovereigns:

Critics: Argentina could pay unnecessary billions
(DBN)

____________

UK:

Bankrupt sentenced for transferring money out of reach of his creditors
(DBN)

____________

EU:

Cyprus C.Bank appoints Oliver Wyman as restructuring advisers
(DBN)

____________

PIIGS:

Greek Unemployment Hits 27.6%
(DBN)

____________

Austria:

Alpine owes creditors around 4.15 billion Euro
(DBN)

____________

China:

Bad Banks Turn Toxic China Debt to Treasure for Investors
(DBN)

____________

Brazil:

Batista cut OGX stake to 50.2 pct in September
(DBN)

Brazil's OGX, Bondholders Unlikely to Reach Agreement This Week, Sources Say
(DBN)

Brazil's Batista sells stock in shipbuilder OSX
(DBN)

____________

India:

India Inc needs stronger bankruptcy legislation
(DBN)

____________

Montenegro:

Montenegro court declares country's sole aluminum plant bankrupt
(DBN)

____________

Russia:

110 People Now Own 35% of Russia's Wealth
(DBN)

____________

 

 

 

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