April 17, 2014

The Daily Bankruptcy News

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Good Friday: The Daily Bankruptcy News will not publish on Friday April 18, 2014

Law:

Seven law firms have cut an estimated 213 jobs since January
(DBN)

Paul Hastings Adds Prominent Restructuring Partner in New York --- Andrew Tenzer
(DBN)

Christin E. Deacon Joins Flaster/Greenberg's Bankruptcy Department
(DBN)

Ethics complaint alleges lawyer billed NCAA for her whistleblower client's bankruptcy depositions
(DBN)

Law professor's internet rant makes waves, stirs law school debate
(DBN)

Legal Sector: On the way to "right size," expect layoffs, cautious hiring to become routine
(DBN)

This New Low For Document Review Will Surprise You
(DBN)

'We're Not Going to be Everything to Everyone,' Dickstein Chairman Says
(DBN)

NY Attorney Discipline: A Timely Issue Draws Editorial Comment
(DBN)

F Bombs As Ethics Violations
(DBN)

Former law firm CFO charged in $1.2B swindle is 18th to face a criminal case, feds say
(DBN)

How Messiness Can Make You More Creative
(DBN)

The Downward Drift - At least in not working at Walmart
(DBN)

11 Tips For The Biglaw Interview Day
(DBN)

Will Work For… Free?
(DBN)

The Long-Term Career Plan
(DBN)

Business of Law
(DBN)

Hogan Lovells leadership rejig leads to new board role for under 45s
(DBN)

An Update On Mayer Brown’s Curious And Controversial Case
(DBN)

The State Of Law School In One Comprehensive Graphic
(DBN)

Theory: The Time Was Never Better to Enroll in Law School
(DBN)

When And How To Tuck In Your Shirt
(DBN)

All You Need Is Botox
(DBN)

Teen criminally convicted for recording his classmates bullying him in school
(DBN)

‘Law Tigers’ lawyer is reprimanded because referral website didn’t comply with testimonial ban
(DBN)

38 million gallons of water dumped after teen caught urinating in city reservoir
(DBN)

How To Tell If Someone Is Lying
(DBN)

12 Tips For Saving Tons Of Time On Email
(DBN)

Doc Review: 8 bucks hourly
(DBN)

Google autocomplete reveals people’s true feelings about lawyers
(DBN)

Pistorius prosecutor gets his own rap
(DBN)

CIA Allegedly Used Red Hot Chili Peppers Music To Torture Guantanamo Inmate
(DBN)

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Judges:

Scalia to Student: If Taxes Get Too High ‘Perhaps You Should Revolt’
(DBN)

Like Justice, Like Law Clerk
(DBN)

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Wall Street:

U.S. Stock -Index Futures Decline as Google Falls
(DBN)

U.S. Stocks Gain Broadly --- Stocks gain for 3rd consecutive day
(DBN)

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Layoffs:

Businesses Say They're Having Trouble Finding People Who Will Show Up For Work
(DBN)

Traits You’ll Find In Every Fearless Job Hunter
(DBN)

Tight Job Market in U.S. Cities Prompts Higher Pay
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

The General Motors you want to sue no longer exists, says GM --- GM Seeks to Fend Off Recall Lawsuits Using 2009 Bankruptcy Shield
(DBN)

Sen. Blumenthal urges bankruptcy judge to reject GM liability protection
(DBN)

Bankruptcy shield can't restore GM's moral solvency
(DBN)

GM to Seek Court Protection Against Ignition Lawsuits --- GM asks bankruptcy judge for special protection to head off lawsuits --- GM seeks court ruling it is protected from ignition-switch suits under bankruptcy law
(DBN)

GM move to freeze lawsuits may cut customer payouts by billions
(DBN)

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Electricity:

Optim creditor says Bill Gates is owner, not lender
(DBN)

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Hedge Funds:

A Horrible Year For Hedge Funds...
(DBN)

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Politics:

Elizabeth Warren: White House wanted me to be a "cheerleader" --- Elizabeth Warren’s new book: Run-ins with Obama and praise for Hillary Clinton --- Warren: 'I was hurt, and I was angry' --- Warren never questioned story of her background
(DBN)

TX: Dewhurst TV ad hits Patrick for not repaying old debts
(DBN)

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Golf:

Forest Oaks to reopen Thursday under new management --- Forest Oaks Country Club management company at least $100,000 in debt
(DBN)

Reno stokes big dreams for dead golf course
(DBN)

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Celebs:

Joe Giudice's former business parter wants him and Teresa behind bars
(DBN)

Broke 'Real Housewives' Star Has to Give Up Her Home
(DBN)

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Agriculture:

Guar company agrees to file bankruptcy
(DBN)

Massive soybean defaults loom as China buyers play hard-ball
(DBN)

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Food/Beverage:

Mi Pueblo to emerge from bankruptcy after replacing 80 percent of workers; no stores to close
(DBN)

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Electricity:

Demise of Biggest Buyout Poised to Put Oncor in Play
(DBN)

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Apparel:

Another women's clothing chain in Memphis closing its doors
(DBN)

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Economy:

Where Your Taxes Go
(DBN)

Fed: Industrial Production increased 0.7% in March
(DBN)

Economy Thawing Out, but Pockets of Weakness Remain
(DBN)

Yellen Stakes Out a Flexible Policy Path --- Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed --- Yellen: The recovery could be nearly complete within two years
(DBN)

Fed’s Fisher Reiterates Support for Winding Down of Bond-Buying Stimulus
(DBN)

10 Beige Book Gems --- District-by-District Summary
(DBN)

Krugman: "Oh, yeah? Guess what"
(DBN)

Central Banks Have Lost Their Power to Fix Economies
(DBN)

The State Of The Big Four Recession Indicators
(DBN)

No One is Noticing the Falling Deficit
(DBN)

Major Study Finds The US Is An Oligarchy
(DBN)

Electricity Price Surged to All-Time Record for March
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

In Many Cities, Rent Is Rising Out of Reach of Middle Class
(DBN)

Nearly 2M homeowners no longer 'seriously' underwater
(DBN)

March Home Starts Cloud 2014 Forecasts
(DBN)

Lawler: Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in March
(DBN)

No Big Spring Bounce for Housing Starts
(DBN)

MBA: Mortgage Applications Increase
(DBN)

BofA Reaches $950 Million Deal on FGIC-Backed Mortgage Bonds
(DBN)

A Settlement on Soured Mortgages May Raise Questions on What Is Enough
(DBN)

StoneRidge homeowners vote to rescind millions in unissued bonds
(DBN)

Carter’s Grove Faces Auction in May If Buyer Doesn’t Come Forward Soon
(DBN)

Sales of homes for more than $10 million increase
(DBN)

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Municipalities:

Orr files new version of Detroit reorganization plan, includes recent negotiations
(DBN)

Detroit asks judge to OK accuracy, completeness of bankruptcy plans
(DBN)

Detroit joins judge in effort to manage today's bankruptcy hearing
(DBN)

Pensioners in Detroit Rejoice, Though Deal Is Far From Done - Experts Wary
(DBN)

Detroit's rebirth is at chaotic, messy, suspenseful stage
(DBN)

Michigan will give funds up front if retirees approve deal
(DBN)

Detroit Seeks Creditor Votes With ‘Divide-and-Conquer’ Strategy
(DBN)

2 Philly firms vie for top U.S. bankruptcy deal
(DBN)

Orr: Detroit Will Emerge From Ch. 9 With Market Access
(DBN)

Detroit pension board endorses deal to cut benefits, eliminate COLA
(DBN)

You don't want to play poker with Kevyn Orr
(DBN)

Detroit's changing numbers in bankruptcy deal to face scrutiny
(DBN)

Detroit Renews Investor Faith With 74 Cent Recovery
(DBN)

Full docket for judge in Detroit bankruptcy case
(DBN)

2 deals done in Detroit bankruptcy case, more talks ongoing
(DBN)

Detroit Reaches Accord With Police, Firefighter Retirees --- Detroit pension funds say reach tentative pact with city
(DBN)

Detroit , feds talk up to $100M for blight funding
(DBN)

Detroit pension deals make sale of DIA art less likely - but still possible
(DBN)

Detroit's $1000 houses may be a lousy deal
(DBN)

Entrepreneurs: "You can do things here that would be impossible in a more functional city"
(DBN)

New Jersey's pension options are limited
(DBN)

Stockton: Smooth sailing on Chapter 9, choppy waters for charter
(DBN)

Ex-official leaves huge debt for California city
(DBN)

US Treasury plans new unit to monitor muni market
(DBN)

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Healthcare:

Palm Drive Hospital lines up emergency funding as shutdown looms
(DBN)

Community health center is bankrupt , reorganizing
(DBN)

BHS Closing In On Deal To Acquire NBH
(DBN)

UMass Memorial cuts services, 103 full-time jobs in Worcester
(DBN)

Poll: Americans Prefer Dems on Health Care
(DBN)

Obamacare's next chapter: More insurance firms opting 'in' than 'out'?
(DBN)

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Retailing:

Slow Death of America's Retail Workforce
(DBN)

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Consumer Credit:

Americans Are Paying Down Their Debt
(DBN)

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Banking:

Legal costs hit Bank of America's bottom line --- $276-million loss
(DBN)

Bank of America's Big Loss
(DBN)

Bank of America’s legal woes are only partly to blame for its disappointing quarter
(DBN)

Citi Reportedly Thought It Had More Time To Fix The Problems That Caused It To Fail The Fed's 'Stress Test'
(DBN)

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Alternative Energy:

Younicos Buys Assets Of Bankrupt Energy Storage Company Xtreme Power
(DBN)

SPI Solar running out of cash
(DBN)

U.S. Energy Dept plans $4 billion in loan aid for renewable energy
(DBN)

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Gambling:

Deutsche Bank Is Reportedly Trying To Sell A Las Vegas Casino It Owns For More Than $2 Billion
(DBN)

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Brokers:

MF Global Judge Narrows Corzine Customer Suit Alleging Fraud Claims
(DBN)

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Compensation:

Sporting Goods CEO Accused Of Expensing $7 Million On Vacations And Steaks
(DBN)

AFL-CIO study finds CEO/employee pay gap is widening
(DBN)

Yahoo VP: 18 Months on Job, Fired, $58 Million
(DBN)

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New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Shapero Symposium: Breaking Bad: BAPCPA And A Fresh Approach To Bankruptcy Reform
(DBN)

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Bankruptcy Fees:

Bankruptcy Filing Fees Increase June 1
(DBN)

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Sales:

FLS note holder appeal's judge's ruling on credit bid
(DBN)

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Cross-Border:

A Constructive Mexican Response to Vitro
(DBN)

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Administrative Claims:

When it Comes to Administrative Expenses Under Section 503(b) of the Bankruptcy Code, Hindsight Isn’t Always 20/20
(DBN)

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IP:

Chancery Interprets Bankruptcy Code to Find Jurisdiction Over IP
(DBN)

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Corporate Reform:

Too Big to Jail
(DBN)

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Insurance:

These Ver Ploeg Lawyers Get AIG To Pony Up $6M In Bankruptcy D&O Settlement
(DBN)

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Litigation:

Cornerstone Releases 2013 Study of M&A Lawsuit Settlements
(DBN)

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Fraud:

Scott Rothstein's Former CFO Charged
(DBN)

Lawyer who represented UM Ponzi schemer accused of ethics violations
(DBN)

5 ex-Madoff staffers want guilty verdicts thrown out
(DBN)

Liquidators of Madoff fund receive Privy Council blow in key ruling
(DBN)

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Currency:

Bitcoin exchange Mt. Gox says 'no prospects' for restart of business
(DBN)

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Ethanol:

Pacific Ethanol pays off last of bond debt
(DBN)

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Mass Torts:

Freedom's Bankruptcy Lawyers, Advisers Bill $1.9 Million
(DBN)

Official: $2M in chemical spill costs reimbursable
(DBN)

Asbestos law firms among Callis’ biggest donors in IL13 race
(DBN)

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Tax:

Emails Show Former IRS Official Lerner Talked with Justice Department
(DBN)

Offshore Tax Havens Cost You $1,259 a Year
(DBN)

Lawsky sends subpoena to Credit Suisse over tax evasion - source
(DBN)

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Personal Finance:

10 Habits Of People Who Are Good With Money
(DBN)

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Sovereigns:

Argument preview: A global search for money
(DBN)

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UK:

Ex- JJB boss forged bank statement, court told
(DBN)

Pritchard's £3 million shortfall may widen as fresh claims lodged
(DBN)

Hearts back from the brink
(DBN)

Crisis hit Co-op set to unveil loss of up to 2.5 billion pounds
(DBN)

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EU:

Yellen Pegs Europe’s Economic Struggles to Weak Banks
(DBN)

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PIIGS:

Anglo Irish Bank: Ex-chair Sean FitzPatrick walks free from court after being found not guilty of fraud charges
(DBN)

German study belittles optimism over Greek recovery
(DBN)

Clashes at mass eviction in Rome as crisis bites --- Time is not on Renzi’s side in reforming Italy’s economy
(DBN)

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France:

France targets welfare for big spending cuts
(DBN)

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Germany:

German luxury fashion house Strenesse files for insolvency
(DBN)

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Ukraine:

All Eyes on Russia as Ukraine Begins Offensive --- Ukraine's Military Thrust Sputters --- Obama warns of "consequences" for Russian actions destabilizing Ukraine --- Ukrainian troop defections escalate tensions in eastern Ukraine --- It’s hard for Ukraine to fight back when it’s basically broke --- Ukrainian Government Implements Fiscal Measures to Ease Economic Crisis --- US Financial Showdown with Russia Dangerous
(DBN)

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Brazil:

Batista's Struggling Oleo e Gas Receives Investor Backing
(DBN)

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China:

How China's Near-Defaults Avoided Going Bust
(DBN)

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Japan:

Japan downgrades its assessment of economy
(DBN)

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Austria:

Hypo Alpe Loss Balloons as Shutdown Boosts Asset Writedowns
(DBN)

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