August 13, 2014

The Daily Bankruptcy News

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Law:

Unusual Referral from Supreme Court Could Spark Probe of Philadelphia Lawyer
(DBN)

Dreier Trustee Seeks Dismissal of Ex-Firm's Suit
(DBN)

How to have it all: Bring your kids to work. (Every. Single. Day.)
(DBN)

When Biglaw Firms Choke on Their Own Resources
(DBN)

Let Competitive Intelligence Be Your Guide
(DBN)

The Greatest Lawyer Letter Ever? The ATL Lawyer Letter Bracket — Day 4
(DBN)

Another Biglaw Partner’s ‘Reply All’ Misadventure
(DBN)

Widener Law Hires New Business Bankruptcy Professor
(DBN)

The Essential Law School Shopping Guide
(DBN)

Is Part-Time Work Getting Respect?
(DBN)

Corporate Lawyers Through Clients' Eyes: It's Not Pretty
(DBN)

The Creators Behind Siri Are Working On A Crazy New Virtual Assistant That Listens Like A Human
(DBN)

5 Powerful Life Lessons From Marcus Aurelius
(DBN)

Mindfulness For Lawyers And The Jedi Master
(DBN)

Beyond Biglaw: Warming the Chair
(DBN)
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How LinkedIn Plans To Have A New Billion-Dollar Business In 3 Years
(DBN)

Donald Sterling's Wife Is Still Going To Be Part Of Clippers Organization With Some Weird Perks --- Clippers Sale to Steve Ballmer: Is It Worth $2 Billion? --- LA Clippers Sale Vindicates Attorney's Probate Strategy
(DBN)

Tony Stewart Investigation Has Found 'No Criminal Behavior'
(DBN)

The Investigation Into A Teen's High-Profile Death In Missouri May Be Missing A Crucial Piece --- Tensions Still High In Missouri 'War Zone' After Monday's Riots --- The Terrifying Result Of The Militarization Of Police --- FAA Restricts Flights After Rioters Fired 'Multiple Times' At Police Helicopter --- Obama Makes Statement On 'Heartbreaking' Police Shooting That Led To Riots In Missouri --- Police Won't Release Name Of Cop In MO Shooting Over Death Threats --- New Black Panthers Rally at St. Louis Courthouse --- Mayor: 'People started driving in from other areas to steal stuff' --- St. Louis: Police, Protesters Clash Again
(DBN)

When police departments don’t look like the cities they’re meant to protect --- Why America's Police Are Becoming So Militarized
(DBN)

Fugitive cage fighter claims he brutally beat girlfriend, cut off her hair in self-defense
(DBN)

$8,346 Fine for Crossing Toll Bridge?
(DBN)

Civil rights group sues Philly DA, says illegal civil forfeiture ‘machine’ helps fund office
(DBN)

Law Prof Loses Slip-and-Fall Claim at Third Court
(DBN)

Gadfly buys website in DA’s name after he lets registration expire
(DBN)

Father, 2 Sons All Arrested... For Separate DUIs... At Scene Of Same Car Wreck!
(DBN)

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Judges:

ND IL: Judge Bruce W. Black Reappointment Application Notice
(DBN)

Appeals Court Reminds Judge That He Isn’t a Prosecutor
(DBN)

Federal Judge Allegedly Has Affair With Law Clerk, Goes To Jail Over Domestic Violence Incident
(DBN)

The Odds of a Supreme Court Vacancy in Obama’s Second Term
(DBN)

Surveillance Court Judge Criticized NSA 'Overcollection' of Data
(DBN)

States should adopt judicial recusal procedures related to campaign financing, ABA House resolves
(DBN)

Judge Judy settles suit over ads with her likeness
(DBN)

SCOTUS sends inmate’s claim he didn’t authorize cert petition to ethics board
(DBN)

Restriction on judicial quotes in lawyer ads violates First Amendment, 3rd Circuit rules
(DBN)

On Supreme Court, Does 9-0 Add Up to More Than 5-4?
(DBN)

Judge is accused of ‘extreme and personal’ hostility toward lawyer
(DBN)

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Wall Street:

US Stock -Index Futures Advance Before Retail-Sales Data
(DBN)

Stocks, euro fall with German sentiment; oil tumbles
(DBN)

Wall St falls modestly with Ukraine in focus
(DBN)

Short Sellers Hurt Again: The 25 Most Heavily Shorted Stocks Beat the Market
(DBN)

Wall Street Strategist Warns The Party's Over
(DBN)

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Layoffs:

Job openings hit 4.7 million in June, vs. 4.6 million in May
(DBN)

What are the best-paying jobs for 2014?
(DBN)

The Huge Disconnect In The Job Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Struggling hospital finds buyer, enters bankruptcy protection
(DBN)

Monroe Hospital Files For Bankruptcy , Looks For Buyer
(DBN)

12 facts about depression and suicide in America
(DBN)

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Private Equity:

GSE Environmental emerges from bankruptcy following sale to Littlejohn
(DBN)

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Biotech:

Dendreon: "Considering alternative", Sending shareholders off the cliff
(DBN)

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Gambling:

Game of poker over Caesars Entertainment heads to the courts
(DBN)

Bankruptcy Could Be In Caesars' Future After Earnings Release
(DBN)

Fitch flags 2 more casinos
(DBN)

Revel Casino in Atlantic City to Close Next Month --- Questions, answers about closing of Revel casino
(DBN)

As officials react to announcement that Revel will close, A.C. mayor is critical of decision
(DBN)

Revel closure means employees may uproot to nearby casino havens like Philadelphia, Maryland --- With Revel closure, one quarter of casino jobs gone
(DBN)

Revel closing puts Christie and AC at crossroads
(DBN)

Why the enormous casino that was supposed to save Atlantic City is shutting forever
(DBN)

Revel casino could go from Boardwalk jewel to ugly white elephant
(DBN)

Will Atlantic City's Revel casino get a second life?
(DBN)

State takes $300 million pension gamble on Revel Casino owner
(DBN)

Revenue report due as Atlantic City casinos prepare for mass closings
(DBN)
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Accounting:

Ernst & Young Seeks Affirmation of Lehman Accounting Decision
(DBN)

Proposed Accounting Change On Soured Loans Could Catch Lenders Unprepared
(DBN)

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Consumer Finance:

A Rare 'Payday Lending' Case Sheds Light On A Mysterious Multibillion-Dollar Industry
(DBN)

NY Charges Payday Lenders with Usury --- Lawyer, business owner and CEO are criminally charged with usury over payday lending operation
(DBN)

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Student Debt:

These Repayment Plans Enable Nearly Anyone To Pay Off Student Loans
(DBN)

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Trucking:

55-year-old trucking company Drug Transport files Chapter 11
(DBN)

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Recycling:

Grand Jury: ‘No prosecutable criminal case’ with regard to BGR
(DBN)

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Economy:

US budget deficit falls to $95 billion in July ---24.2 percent below last year
(DBN)

NFIB: Small Business Optimism Index increases in July
(DBN)

Economy Better, Public Still Pessimistic
(DBN)

Banks are lending at a feverish pace
(DBN)

Janet Yellen Determined To Avoid 'Nightmare Scenario'
(DBN)

Corporate Earnings Are Growing To Record Highs At An Accelerating Rate
(DBN)

Most jobs available in more than a decade --- The US economy just hung up a giant “help wanted” sign
(DBN)

US Cuts 2014 Oil Price Forecast as Production Surges --- EIA Forecast: Gasoline Prices expected to decline to $3.30 per gallon in December
(DBN)

Young Parents Jump on Savings Bandwagon --- Upper Middle Class Struggles to Save Money
(DBN)

White House: State, Local Minimum-Wage Efforts to Help 7 Million Workers
(DBN)

One in Four American Households Is One Person Living Alone
(DBN)

These Two Charts Should Pacify Anyone Freaking About Massive Corporate Debt Loads
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home Price Growth Slowdown a Mixed Trend for Economy
(DBN)

Home Price Growth Declines for Greater Balance Between Buyers and Sellers
(DBN)

U.S. housing finance regulator unveils proposal for common security
(DBN)

Tommy Hilfiger Relists His Penthouse At New York's Plaza Hotel For $80 Million
(DBN)

FL: Espirito Santo Plaza on Brickell owner seeks protection from creditors
(DBN)

5 Things To Do Before You Invest In New York City Real Estate
(DBN)

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Municipalities:

Bond insurer objects to Detroit's debt-fixing plan, says scrap it before bankruptcy trial --- Bankruptcy judge asked to send Detroit 'back to the drawing board' --- Big Bond Insurer Syncora Files Objection to Detroit's Bankruptcy Plan
(DBN)

Detroit Art Deal Brokered by Biased Mediators: Syncora --- Detroit bankruptcy mediators accused of 'naked favoritism' --- Detroit bankruptcy creditor blasts mediators over 'fraudulent' grand bargain
(DBN)

Detroit Now Underwater
(DBN)

Oakland, Macomb and Wayne counties can object to Detroit's bankruptcy
(DBN)

Water deal could force another delay in Detroit bankruptcy trial
(DBN)

Seven Counties, state lawmakers seek accord in pension dispute
(DBN)

Puerto Rico Electric Power Authority Bondholders Seek Summary Judgment Invalidating Puerto Rico’s Public Corporation Bankruptcy Legislation
(DBN)

Stockton, Calif., amends bankruptcy plan, but pension issue hovers
(DBN)

Closing of Revel Casino Deals Another Blow to Atlantic City --- Atlantic City Faces Downward Spiral With Revel's Demise --- Revel casino to close: What's next for Atlantic City?
(DBN)

Pensions insolvent? Let's reward the staff!
(DBN)

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Alternative Energy:

KiOR warns of bankruptcy
(DBN)

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Oil/Gas:

Politician: Fracking is okay, it’s natural for water to burn. ‘Indians’ used it for warmth.
(DBN)

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Autos:

Saab Owner Faces Bankruptcy Petition
(DBN)

Moody's Tamps Down Concerns About Surge in Auto Loans
(DBN)

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Celebs:

15 Rich And Famous People Who Were Once Homeless
(DBN)

What's Next for Robin Williams' Family and Estate? --- Robin Williams Set Up A 3-Part Trust Fund For His Kids Amid Money Troubles Before Death
(DBN)

Robin Williams Had Serious Money Problems --- Robin Williams Did Not Have Money Problems
(DBN)

Robin Williams' Friends Are Arguing Over Whether Money Troubles Led To His Suicide --- Robin Williams was facing bankruptcy, did money troubles tip him over the edge?
(DBN)

Chef Gordon Ramsay Denies Debt Reports
(DBN)

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Fraud:

Ponzi defendant Wannakuwatte pleads Fifth in bankruptcy hearing
(DBN)

Court Won't Unravel Madoff Settlements
(DBN)

____________

Compensation:

The incredible amount of money a giant bond trader makes
(DBN)

____________

Video Games:

Candy Crush Maker King Digital May Have Just Waved The White Flag On Its Future
(DBN)

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Lehman:

Arbitrators ease blame on Ernst & Young for Lehman’s audits
(DBN)

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Retailing:

Kate Spade Shares Tumble
(DBN)

RadioShack's Turnaround Plan Probably Won't Help Business --- RadioShack's Comeback Effort Is 'Highly in Doubt,' UBS Says
(DBN)

America's Fastest Growing Retailers
(DBN)

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Telecoms:

LightSquared plans head toward confirmation hearing
(DBN)

LightSquared aims for Oct. 20 confirmation hearing amid deep divides
(DBN)

Moody's Cuts NII Holdings' (NIHD) CFR to 'Ca2'; Sees Further Liquidity Issues
(DBN)

NII may file for bankruptcy as revenue plummets, net loss widens --- NII plunges 75% on possibility of bankruptcy filing
(DBN)

NII high yield bonds go flat, shares plunge 70% with Ch. 11, Aug.15 coupons looming
(DBN)

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Derivatives:

JPMorgan Joins Goldman in Designing Derivatives for a New Generation
(DBN)

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Defaults:

Fitch: US Leveraged Loan Default Rate a Low 1.3% Excluding EFH
(DBN)

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Tax:

Obama Donors Embrace Corporate Inversions He Criticizes --- Law Firms Cash In on Inversion Bonanza
(DBN)

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Food/Beverage:

Market Basket dispute tied to staffing agency's bankruptcy filing
(DBN)

Market Basket a rare case in labor world
(DBN)

Logan’s Roadhouse joins Restructuring Watchlist
(DBN)

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Politics:

Why the Economy Grows More Under Democratic Presidents
(DBN)

95% of Republican House districts are majority-white
(DBN)

Feds allege Dallas County Commissioner John Wiley Price aided Austin debt collection law firm
(DBN)

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Coal:

James River Coal plans asset auction Aug. 18
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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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Jurisdiction:

Still Trying To Close The Stern V. Marshall Can Of Worms
(DBN)

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Bankruptcy Rules:

NV Bankruptcy Court Seeks Comments On Proposed Local Rules
(DBN)

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Avoidance Actions:

Affiliate Transfer: Fraudulent Conveyance or Unwinding Resulting Trust?
(DBN)

Pass the Buck: Fourth Circuit Preserves the Mere Conduit Defense
(DBN)

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Consultants:

Houlihan Lokey Opens A New Front For Boutiques: Consulting
(DBN)

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Banking:

Banks can’t seem to kick the habit of underwriting risky loans
(DBN)

Banking's trading nightmare is far from over
(DBN)

For Low-Performing Banks, It s Fold or Be Sold
(DBN)

If the tiniest US banks have such bad prospects, why are their stocks doing so well this year?
(DBN)

Banks Are Quietly Pressing The US Fed To Delay Volcker Rule
(DBN)

____________

Aviation:

These companies want to bring down America’s airline mafia
(DBN)

CEOs Are Shopping For Jets Again
(DBN)

787 Dreamliner Engine Fails Over Atlantic
(DBN)

Willful defaulter tag: The final nail in the coffin for grounded Kingfisher Airlines
(DBN)

The 27 Worst Things About Flying
(DBN)

____________

Newspapers:

An alternate reality for America’s struggling newspapers exists, but it’s in South Africa
(DBN)

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Taxis:

Lyft vs. Uber: The battle between the ridesharing rivals intensifies --- Uber Claims Lyft Employees Canceled Nearly 13K Rides
(DBN)

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Mass Torts:

A look at two rulings $1.5B apart in bankruptcy proceedings of Garlock, Bondex
(DBN)

Ga. plant manager 'scared' by salmonella test
(DBN)

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Religion:

Evangelical Christian Florida Church Gets a Buyer
(DBN)

____________

Hedge Funds:

Hedge funds turn to investigative techniques to find short-selling targets
(DBN)

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Sovereigns:

Argentine Bonds Extend Losses as No Progress Seen in Debt Talks --- Talks between Argentina holdouts and banks stall -sources
(DBN)

International banks struggling to cut Argentina debt deal
(DBN)

Acceleration threatens to make Argentina holdout crisis messier
(DBN)

Argentine debt mediator expects more meetings ahead
(DBN)

Las Vegas Judge Sides with NML in Argentine Bonds Spat
(DBN)

____________

UK:

Limitation on relief under UK Cross Border Insolvency Regulations
(DBN)

BOE Says Slack Has Fallen as Carney Puts Focus on Weak Wages
(DBN)

Bank Of England Warns: Interest Rate 'Will Need To Start To Rise' To Fight Inflation
(DBN)

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EU:

What Europe's banks did with the ECB's trillion euros
(DBN)

Cyprus: ‘Back to the brink of bankruptcy’
(DBN)

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PIIGS:

Behind the Collapse of Portugal's Espirito Santo Empire
(DBN)

____________

Canada:

Retailers Bombay, Bowring under bankruptcy protection --- Housewares battle pushes Bowring, Bombay into bankruptcy
--- Bombay, Bowring under court protection while looking for solution to debt problem
(DBN)

____________

Germany:

Ways to restructure financings in Germany
(DBN)

____________

MENA:

No, oil isn't behind the US strike against ISIL --- ISIS Seizes More Land in Syria
(DBN)

Iraq's Maliki Still Refuses To Step Down
(DBN)

____________

Ukraine:

Russian Aid Trucks Head to Ukraine as U.S. Warns Against Invasion
(DBN)

Ukraine: We Will Not Let Russian 'Aid' Trucks Cross The Border
(DBN)

On Russia's Border With Ukraine, Fighters And Military Gear Move Freely
(DBN)

Ukrainian Hryvnia Sinks To Record Lows Against US Dollar
(DBN)

____________

China:

Fitch: Outcomes Uncertain with China Bank Ownership Reform
(DBN)

China Swap Rate Drops Most in Three Months on Lending Slowdown
(DBN)

China's July economic data points to further softness
(DBN)

Money Flowing Through China Is Drying Up Faster Than Expected
(DBN)

____________

Bulgaria:

Bulgaria Charges Lead Bank Shareholder With Embezzlement
(DBN)

Unease grows among investors in Bulgaria’s Corpbank
(DBN)

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Australia:

Things Aren't Looking Good In Australia
(DBN)

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Japan:

Japan's Economy Shrinks by 6.8% --- Worst economic contraction since tsunami of 2011
(DBN)

____________

South Africa:

We're sorry says Coronation Fund Managers
(DBN)

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