April 21, 2014

The Daily Bankruptcy News

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Law:

Venerable Bankruptcy Boutique Shutting Down
(DBN)

Former name partner sues, seeks comp and says firm hasn’t removed his name from firm materials
(DBN)

In Remembrance: Leonard M. Rosen, Co-Founder of Wachtell, Lipton --- In Memory of Leonard M. Rosen
(DBN)

Finding Your Passion Outside Of The Law
(DBN)

DC law firm leaders prioritize lateral hiring
(DBN)

Judge: Law Firms Don't Have Same Rights As Attorneys
(DBN)

Bright Spots Amid Glum Jobs Outlook
(DBN)

One Reason the Legal Industry's Crisis Persists
(DBN)

How To Hack Siri And Make It A Million Times More Useful
(DBN)

Buying a General Mills product eliminates the right to sue, according to online legal terms
(DBN)

12 Men's Clothing Items That Will Last Forever
(DBN)

Lawyerly Lairs: A $16 Million Brooklyn Brownstone
(DBN)

Political Talk at the Office: How to Deal
(DBN)

Who’s bringing cupcakes? Too often, female lawyers are expected to do office ‘housework,’ book says
(DBN)

Proof That Typos Are Racist
(DBN)

Law Revue Video Contest 2014: Dishonorable Mentions
(DBN)

Law School Is Mediocre And Proud
(DBN)

New Law School Only Accepts Students Who Want To Be Lawyers For 'Right' Reasons
(DBN)

The New York Attorney General Is Going After Airbnb For What It Calls 'Illegal Hotels'
(DBN)

Law firm’s revised debt-collection letter results in $49.5K settlement of federal class action
(DBN)

After Nevada ranch stand-off, emboldened militias ask: where next?
(DBN)

General Mills: About-Face --- You Can Sue General Mills Again
(DBN)

Cops: Man smothered crying toddler so he could play Xbox
(DBN)

Life's no picnic when the law is in the hands of lawyers
(DBN)

These 12 Tips Will Help You Get The Most Out Of Your iPhone
(DBN)

Captain who abandoned sinking ferry is arrested; 29 dead, hundreds missing --- Vice Principal Of South Korea School In Ferry Disaster Commits Suicide
(DBN)

DA will drop case against teen convicted for recording his classmates bullying him
(DBN)

Former client is charged in 2008 murder of lawyer killed while clearing his driveway of snow
(DBN)

Father Leaves Baby in Car at Work
(DBN)

Pets get legal status as ‘living beings capable of feelings’
(DBN)

Stop Using ALL CAPS to Email Kids, Court Tells Dad
(DBN)

Bank robber, 74, who wanted to go ‘home’ to prison gets his wish
(DBN)

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Judges:

Scalia and Ginsburg Chat About Snowden, Twitter
(DBN)

Scalia , Ginsburg Say Supreme Court Likely to Rule on NSA Programs
(DBN)

Scalia criticizes historic Supreme Court ruling on freedom of the press
(DBN)

New Clinton Documents: How to Celebrate Confirmation of Justice Ginsburg
(DBN)

Justice Roberts and the Color of Money
(DBN)

2 new suspects named, $25K reward offered in kidnapping of prosecutor’s dad
(DBN)

Panel recommends removal of judge who: "sold out her clients, her co-counsel, and ultimately herself"
(DBN)

Dogs With Jobs: Ellie – the courthouse dog
(DBN)

Lawyers say ‘woefully inadequate’ courthouse meals threaten clients’ defense
(DBN)

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Wall Street:

S&P 500 Futures Little Changed
(DBN)

Stocks end higher as earnings pour in; market closed Friday
(DBN)

Goldman looks to fight rivals with capital advantage
(DBN)

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Autos:

GM Bid to Freeze Ignition Lawsuit Is Called a 'Red Herring'
(DBN)

Payout czar set to dive into GM legal mess
(DBN)

Mary Barra: GM's Fall Girl
(DBN)

Judge: GM doesn't need to order customers to park recalled vehicles
(DBN)

New GM's talk is getting old
(DBN)

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Layoffs:

California jobless rate unchanged at 8.1 percent
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

When The NCAA Pays The Attorney For A Convicted Felon To Make Their Case...
(DBN)

US Regulators Aren't Done With Raj Rajaratnam's Brother Just Yet
(DBN)

Rajat Gupta Agrees to Surrender to Prison
(DBN)

Embattled TelexFree rose from humble beginnings --- Upset customers look for answers at TelexFREE offices --- Massachusetts firm accused of running pyramid scheme --- SEC charges TelexFREE , freezes assets
(DBN)

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Electricity:

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

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Financial Literacy:

How To Raise Kids To Be Smart With Money
(DBN)

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Art:

Ovitz, Shepard Fairey among creditors in Rubenstein Gallery bankruptcy
(DBN)

Art Dealer Arrested for Fraud in Spain
(DBN)

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Retailing:

Clearlake Emerges as Lone Bidder for Ashley Stewart Stores
(DBN)

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Banking:

Conflict-of-interest questions raised in 1st Mariner fight
(DBN)

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Religion:

Archdiocesan bankruptcy case moves one more step forward
(DBN)

Judge orders changes to information going to voters on Milwaukee archdiocese bankruptcy plan
(DBN)

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Bankruptcy Crimes:

Prosecutors seek to keep Bujak filings sealed
(DBN)

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Corporate Governance:

Liability Exposures of Audit Committee Chairs
(DBN)

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Finance:

The New Rise in Leveraged Loans
(DBN)

Collecting A Prepayment Premium: Plain Language May Not Be So Plain
(DBN)

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Consumer Finance:

Average credit card interest up to shocking 21%
(DBN)

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Auto Racing:

Owner confident deal will be made to keep track
(DBN)

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Tax:

Switzerland: You can dodge, but you can’t hide
(DBN)

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Economy:

Payrolls Rose in Most US States in March, Led by Florida
(DBN)

Jobless claims, factory data put some shine on economy
(DBN)

Sluggish Economic Recovery Proves Resilient
(DBN)

Recession is Not Over for the Poor
(DBN)

US Could Face a Permanent Slump
(DBN)

Is America an Oligarchy?
(DBN)

To Reduce Inequality, Start With Families
(DBN)

Warren Buffett's Favorite Economic Indicator Is Showing Serious Upward Momentum
(DBN)

The Wealthiest Are Getting Wealthier Three Times Faster Than Any Other Group
(DBN)

Taking on Adam Smith (and Karl Marx)
(DBN)

Yellen's big speech number two
(DBN)

Time to stop following defunct economic policies
(DBN)

Venture capital funding soars to levels last seen in dot-com bubble
(DBN)

47% Of The United States Has Absolutely No Inhabitants
(DBN)

Obama Leads The Way On Smaller Government
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

More homeowners no longer need to be in foreclosure, and they may not even know it
(DBN)

Mortgage Lenders Ease Rules for Home Buyers in Hunt for Business
(DBN)

5 Questions on the State of Mortgage Lending
(DBN)

Court hearing on Pat Turner's Westport land rescheduled
(DBN)

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Municipalities:

Judge Wants Detroit Mayor to Back Bankruptcy Plan --- Detroit bankruptcy judge seeks input from mayor, city council
(DBN)

This Is How Detroit Found Itself a Mysterious Pot of Gold
(DBN)

Live blog: DIA, retiree health care benefits at issue
(DBN)

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

Judge interviewing experts in Detroit bankruptcy --- Rhodes conducts interviews --- In Detroit, Judge Takes Offbeat Tack in Hiring Help --- Seeking expert help, Detroit bankruptcy judge interviews applicants
(DBN)

Can Detroit get out of bankruptcy ?
(DBN)

Detroit suburbs ordered back to table for water authority talks --- New DWSD Talks About Regional Authority: Meet the mediators --- Bankruptcy judge revives idea of regional water agency --- Oakland officials, residents react to bankruptcy judge’s ruling
(DBN)

Detroit pension cuts hit civilian workers hardest
(DBN)

Pensioners’ deal terms prevent lawsuits over EM law, constitutional pension protections --- Deal raises new questions related to voting on bankruptcy exit
(DBN)

Bankruptcy at “lightning speed”
(DBN)

Gilbert, Penske on Detroit bankruptcy witness list
(DBN)

Michigan College Tries to Draw Students With Class on Detroit’s Bankruptcy
(DBN)

Detroit pension cuts hit civilian workers hardest
(DBN)

Deconstructing the “Two Cities” Tale
(DBN)

Bank: Detroit councilman Cushingberry stripped foreclosed home
(DBN)

Bankruptcy Mural: Detroit not on list of best cities around the globe for street art
(DBN)

Bankrupt Detroit being 'grossly mismanaged'
(DBN)

Mich. House Speaker: Unions Need To Pay Part Of Bankruptcy --- Bolger ups ante in Detroit bankruptcy: Unions put up cash, or no money from state --- State money for Detroit bankruptcy deal no sure bet
(DBN)

In Detroit, You Can Buy a Liquor License on Craigslist for $20,000
(DBN)

More State Favors for Detroit
(DBN)

Flint, Saginaw rank high among the fastest shrinking cities in US
(DBN)

Puerto Rico Has Model in Restructuring of Foxwoods
(DBN)

Puerto Rico Considers Legalizing Prostitution, Marijuana to Fix Debt Crisis
(DBN)

Bankrupt City Fighting to Open a Crack in California's Pension Agency
(DBN)

San Jose Mayor: San Bernardino on 'bleeding edge' of pension crisis
(DBN)

Pension problems: Where have we heard this before?
(DBN)

10 cities where Americans don't feel safe
(DBN)

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Mass Torts:

Ford Gets Access to Bankruptcy Statements in Case of Asbestos 'Misrepresentation'
(DBN)

BP refuses to fund Gulf oil spill studies
(DBN)

The legal quagmire of Lac-Mégantic
(DBN)

Asbestos losses likely to continue to ‘bleed through’ insurers’ earnings, report says
(DBN)

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Hedge Funds:

21 Sweet Perks Hedge Funds Give To Their Employees
(DBN)

____________

Aviation:

AMR can't slash retiree benefits: judge --- Bankruptcy judge rules mostly in retirees’ favor in American Airlines benefit case
(DBN)

Direct Air founder files for bankruptcy protection
(DBN)

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Food/Beverage:

Mi Pueblo grocery chain says it might have to liquidate
(DBN)

Company Which Aided Defunct Northern Beef In Trouble Again
(DBN)

Secret Restaurants In New York City
(DBN)

Simple Food Swaps That Will Change Your Life
(DBN)

Is 'pizza cake' the next food game changer?
(DBN)

____________

Theme Parks:

SeaWorld Visits Are Tumbling
(DBN)

____________

Operas:

Asking How Much Opera Singers' Work Is Worth - "It sure beats working at a law firm"
(DBN)

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Personal Finance:

Here's How Money CAN Buy Happiness
(DBN)

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Coal:

James River Coal wants to auction off business
(DBN)

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Symphonies:

Nashville Symphony chips away at debt, work still to be done
(DBN)

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Construction:

Geneva Pipeline files for Chapter 11 bankruptcy protection
(DBN)

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Golf:

Owner of West Chase Golf Club files bankruptcy
(DBN)

Forest Oaks country club re-opening delayed pending court approval
(DBN)

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Gambling:

Caesars prints issue as workout looms
(DBN)

____________

Healthcare:

Court to consider NRMC ombudsman
(DBN)

Defendants Call For Equal Access to Steroid Bankruptcy Docs
(DBN)

Surgeons Find 12 Gold Bars Inside Man's Stomach
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (45 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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:

New Mexico Bankruptcy Filings Below U.S. Average
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Sales:

The Fisker Case and Its Impact on Distressed M&A
(DBN)

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Secured Debt:

Lenders' risk: Who really owns the collateral?
(DBN)

1st Circuit Limits Secured Lender's Right to Post-Petition Interest by Applying Flexible Standard
(DBN)

____________

Avoidance Actions:

“Keep Calm and Carry On”: “Panicked” Asset Sale Not Inconsistent With Good Faith Finding for Constructive Fraudulent Transfer Analysis
(DBN)

Whose Value is It Anyway? When it Comes to Three-Party Relationships and Preference Liability, It May Not Matter.
(DBN)

Preference Defendant May Utilize New Value From Third Party
(DBN)

____________

Personal Bankruptcy:

Just Punch My Bankruptcy Ticket
(DBN)

____________

Committees:

New Limitations on Plan Payment of Individual Creditors' Committee Members' Professional Fees
(DBN)

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Discharge:

Self-Executing Corporate Discharge Exception May Save $2.3 Billion Whistleblower Suit Against Reorganized Debtor
(DBN)

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Litigation:

Scanning Paper Makes the Production ESI And Not a Document
(DBN)

____________

Pensions:

Bankruptcy Judge Says AMR Can’t Cut Retiree Benefits

____________

Alternative Energy:

Judge to Trash-to-Biofuel Firm: Hit the Bricks
(DBN)

Ideas for Fisker site abound
(DBN)

The Guy Behind Failed Fisker Automotive Is Back With A Motorcycle Design
(DBN)

Federal Study: Biofuels worse than gasoline
(DBN)

Internal report slams U.S. handling of Abound Solar guarantees
(DBN)

____________

Awards:

Weil’s Garrett Fail Named Among Turnarounds & Workouts’ "Outstanding Young Restructuring Lawyers – 2014"
(DBN)

____________

Currency:

Mt. Gox CEO: I'm Not Coming To The United States
(DBN)

The Story Behind The 'Geek' CEO Of Bankrupt Bitcoin Exchange Mt. Gox
(DBN)

Mt. Gox CEO Focused On Coffee During Corporate Collapse
(DBN)

Tracing a Bitcoin's Exchange's Fall From the Top to Shutdown
(DBN)

Mt. Gox suitors seek support to save bitcoin exchange
(DBN)

____________

Celebs:

Even Alex Rodriguez Reportedly Almost Fell Victim To Eike Batista's Financial Collapse
(DBN)

Teresa Giudice Homeless?
(DBN)

Teresa Giudice Staying “Prisoner” in Her NJ Home
(DBN)

Desperate Housewife! Teresa Giudice Begging Friends For Money?
(DBN)

____________

Agriculture:

State Water Project to make small deliveries this year
(DBN)

____________

Politics:

Sen. Elizabeth Warren Writes Of A Worldview Shaped In Youth
(DBN)

Sen. Warren willing to take on system
(DBN)

Sen. Elizabeth Warren's new memoir is far friendlier than anyone expected.
(DBN)

____________

UK:

RBS cleared of forcing clients into insolvency to buy up assets
(DBN)

'Dodgy directors': Tougher sanctions could see them paying compensation
(DBN)

Bankrupt British loans official resigns, embarrassing PM Cameron
(DBN)

Poll: Scotland on brink of independence
(DBN)

____________

EU:

Failed policies that have lost Europe half a decade
(DBN)

____________

PIIGS:

Saga set to drag on long after end of Anglo trial --- 'Fugitive' ex-Anglo chief Drumm is all smiles --- David Drumm's Boston bankruptcy trial set for May 21st
(DBN)

Seat Pagine Gialle may shut for business due to significant uncertainties -PwC
(DBN)

Ordinary customers take the rap as Anglo Irish bankers face jail terms
(DBN)

____________

Canada:

Canadian telecom firm Telus to buy bankrupt rival Mobilicity for $350 mn
(DBN)

____________

France:

French workers threaten to set fire to factory after being denied extra money
(DBN)

____________

Ukraine:

Russia says reinforced troops on Ukraine border as precaution --- Ukrainian Jews Seek Extra Security After Anti-Semitic Incident --- Deadly Shootout at Ukraine Checkpoint --- EU Companies Speak Out Against Tougher Sanctions on Russia --- Ukraine's Jewish residents look for a refuge in Israel --- U.S. Warns Money Managers of More Russia Sanctions
(DBN)

____________

Switzerland:

Switzerland May Soon Have The World's Highest Minimum Wage
(DBN)

____________

Brazil:

Brazilian tycoon Batista investigated for financial crimes: reports
(DBN)

____________

China:

Why China Needs to Let More Companies Go Bankrupt
(DBN)

Office buildings sit idle in China's economic heartland
(DBN)

No One's Buying Chinese Economic Doomsday Insurance
(DBN)

____________

New Zealand:

New Zealand's Economic Bubble Will Burst
(DBN)

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