August 21, 2014

The Daily Bankruptcy News

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Law:

The Biggest Wastes Of Money In Document Review
(DBN)

Michael Best's Paul Lucey joins creditor, debtor firm
(DBN)

Which students belong in law school? Law prof offers an answer
(DBN)

Tweets From TTT 1Ls Are The Saddest Thing You’ll Read Today
(DBN)

Law school graduates give their professors an A, failing grades for job placement
(DBN)

33 Words And Phrases You Should Never Put On Your LinkedIn Profile
(DBN)

LinkedIn Law School Rankings?
(DBN)

Habits Of Remarkably Persuasive People
(DBN)

Lawprose: y’all (Part 3).
(DBN)

Former bankruptcy lawyer with no fingerprints faces theft, forgery charges
(DBN)

Fake law firm websites use real lawyer photos, sometimes alter contact info for actual firm’s page
(DBN)

Did Your Participation Trophy Ruin Your Life?
(DBN)

Get Real With Law Firm Marketing — 5 Observations
(DBN)

Law And Retail
(DBN)

Ugly Nighttime Scenes Continue on Streets of Ferguson, Missouri --- 'They Threw Urine On Officers': 47 Arrested In Ferguson Amid Another Tense Night --- Dramatic And Bizarre Headlines About Ferguson, Missouri, From All Over The World --- Grand Jury in Brown Shooting to Get Evidence from Prosecutors --- What you need to know about the intensifying legal battles in Ferguson --- The Law That Might Protect The Missouri Cop Who Shot An Unarmed Teen --- Missouri Governor Calls For “Vigorous Prosecution” Before The Completion Of The Investigation Into Ferguson Shooting --- Policeman Suspended For Pointing A Rifle At A Peaceful Protester In Missouri --- Residents Caught In The Middle Of The Ferguson Protest Are Starting To Get Annoyed --- Police Officer To Cameraman In Ferguson: 'I Will F------ Kill You'
(DBN)

Special Prosecutor Facing Off Against Perry is a Straight Shooter, Say Colleagues --- Texas Titans: A Look at the Texas Players in Perry Case --- Jurors say Perry indictment based on facts, law
(DBN)

Drone drops phones over prison walls
(DBN)

Superheros Demand Equal Rights In Gotham
(DBN)

Lawyer charged in murder-for-hire plot, accused of planning to kill witness in felony barratry case
(DBN)

Affluenza’ teen’s father busted for impersonating a police officer
(DBN)

Florida county unanimously bans atheists from delivering invocations, opens door for Spaghetti Monster?
(DBN)

High school student says she was disciplined for saying ‘bless you’ after classmate sneezed
(DBN)

Chicago woman found dead in suitcase had received $840K in cruise line settlement
(DBN)

Police: Alleged Murderer Of Pregnant Woman In California Searched Computer For Ways To Dispose Of A Body
(DBN)

12-year-old dies from B.B. gun shot to the head
(DBN)

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Judges:

Federal judge likens Anna Nicole Smith case to ‘Bleak House,’ says 20 years of litigation is enough
(DBN)

Arrested US Judge Embarrassed, Entering Treatment
(DBN)

This Is Probably The Worst Insult Justice Breyer Has Ever Heard
(DBN)

Driver takes misdemeanor plea after striking and killing judge on bicycle; should law be upgraded?
(DBN)

Court-reporting champ has great hands and ‘nerves of steel’
(DBN)

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Wall Street:

US Index Futures Little Changed With S&P 500 Near High
(DBN)

Stocks push higher in last hour of trading
(DBN)

Wall Street Banks Lift Pay for Junior Bankers --- Millennial Bankers Get Raises as Firms Fight Defections
(DBN)

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Layoffs:

No Safety Net for Employees in Bryman College Shutdown
(DBN)

America's Major Shortage Of Truck Drivers Is About To Get Even Worse
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Update: Flight MH370 pilot 'turned off air supply before ditching plane into the sea'?
(DBN)

TSA Body Scanners Miss Guns, Explosives, Knives
(DBN)

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Gambling:

Where’s the Boardwalk? Ravel Isn’t Revel
(DBN)

Revel given OK to close
(DBN)

A Last Look at Atlantic City’s Failed $2.4 Billion (Yes, Billion) Revel Casino
(DBN)

Caesars Loyalty Program Transfer Will Cause A Fight
(DBN)

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Celebs:

Yellowstone Club Trustee Offers Bounty To Find Blixseth's Missing Millions
(DBN)

Judge Rejects Sanctions in Anna Nicole Smith Legacy Fight
(DBN)

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Corporate Reform:

Bank of America to Pay $17 Billion in Justice Department Settlement
(DBN)

Bank of America's $17 Billion Settlement Won't Cost It $17 Billion
(DBN)

How Will Bank Of America Stock Be Impacted By $17 Billion Justice Department Settlement?
(DBN)

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Debt Collection:

11th Circuit: Debt Buyer Violates FDCPA by Filing Proof of Claim in Bankruptcy Case to Collect on Out-Of-Statute Debt
(DBN)

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Lehman:

Lehman Brokerage Wants New Hearing in Dispute with Barclays
(DBN)

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Telecoms:

Canadian Judge Says Nortel Bondholders Can't Collect Interest
(DBN)

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Agriculture:

8 Farmers File Fraud Lawsuit Against Turner Grain
(DBN)

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Construction:

What to expect from the first meeting of Truland creditors
(DBN)

Rob Truland says he sought to keep company afloat
(DBN)

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Autos:

GM drops to No. 4 in revenue, No. 3 in sales
(DBN)

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Turnover:

ASARCO Obtains Approval of Order Enjoining Sesa Sterlite
(DBN)

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Economy:

Fed minutes show debate on job market's gains --- Fed notes labor market progress, but not convinced yet --- Fed Dissenters Increasingly Vocal About Inflation Fears --- Five reasons the Fed should raise rates --- The Fed has 10.8 trillion failures --- Some Fed officials favor reduced help for economy --- A new era for Fed policy?
(DBN)

FOMC Minutes: Most Participants will wait for more data --- The Fed’s July Minutes show it, predictably, inching towards the exit
(DBN)

US investors look to Jackson Hole, Yellen's speech
(DBN)

Returns Are Set To Plunge
(DBN)

Income inequality, and how it hurts economic growth
(DBN)

Krugman: Inequality Delusions
(DBN)

Markets Erase Gains After FOMC Minutes
(DBN)

Aging Americans Boost Share of Population Who Receive Government Benefits
(DBN)

Subprime Auto Lending Rise Not Yet Worrisome: N.Y. Fed Economists
(DBN)

Energy-Rich U.S. States Saw Fastest Economic Growth in Late 2013
(DBN)

Sure, So a Kid May Cost $245,340 to Raise, But Don’t Panic
(DBN)

‘Trapped Cash’ Phenomenon Labeled an Overstatement
(DBN)

Manufacturing Slows From Europe to China on Trade Risks
(DBN)

The 10 Fastest-Growing Private Companies In The US
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

With Rentals in Fashion, Apartment Construction Hits 25-Year High
(DBN)

Bankruptcy Judge Approves $75M Aventura Office Sale Pushed By 6 Percent Shareholder
(DBN)

The Feds Are Finally Going After One Of The Most Infamous Executives Of The Financial Crisis
(DBN)

AIA: Architecture Billings Index increased in July, "Highest Mark Since 2007"
(DBN)

MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
(DBN)

BofA reaches $17 billion settlement over sale of mortgage-backed securities --- Bank of America's $17 billion settlement not as large as it appears
(DBN)

How the ‘shadow price’ of housing makes some cities more expensive than you’d expect
(DBN)

Barclays to Pay $23 Million to Settle Thornburg Mortgage Lawsuit
(DBN)

5 Signs It's Time To Stop Renting And Buy A Home
(DBN)

Penthouse to Hit Market For $400 Million!
(DBN)

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Municipalities:

Detroit bankruptcy trial to begin Sept. 2
(DBN)

Will bondholders do deal? Detroit water department to learn today
(DBN)

About 25 percent of Detroit's water and sewer bonds tendered so far
(DBN)

Judge changes trial procedure for individuals without attorneys --- Detroit Residents to Take Part in Bankruptcy Trial
(DBN)

Detroit, police union agree on new contract; members must vote
(DBN)

Pensioners, Bondholders, and Unfair Discrimination in Municipal Bankruptcy
(DBN)

Detroit $5.5 bln bond sale readied as bond tender looms
(DBN)

What is a Lien? Lessons from Municipal Bankruptcy
(DBN)

DPS to get bridge loan, Benton Harbor schools in financial emergency
(DBN)

Prayers for Atlantic City as closings, layoffs loom
(DBN)

CA's Economic Collision Course: Immigration and Water
(DBN)

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Awards:

AlixPartners Honored by Turnaround Management Association For Work at Kodak
(DBN)

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Retailing:

Sears Posts Large Loss as Revenue, Margins Decline --- Sears reports 9th straight quarterly loss
(DBN)

Lowe's Cuts Sales Forecast
(DBN)

Target Slashes Full-Year Profit Outlook --- One Thing That's Consistent at Target Lately: Fewer Customers
(DBN)

Walgreen CFO's departure due to $1 billion forecasting error
(DBN)

Staples warns of weak sales on low demand for core office supplies --- Staples struggles to stop the bleeding --- Staples to shut 140 stores as online rivals take sales away
(DBN)

In Falls Church, Eden Center tenants sue landlord, say mall crumbling around them
(DBN)

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Video Games:

GameStop Running Out of Lives
(DBN)

____________

Banking:

The US Is One Of The Last Developed Countries Where It Can Still Take Days For Money To Show Up In Your Bank Account
(DBN)

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Heavy Equipment:

Caterpillar's Sales Keep Falling
(DBN)

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Nonprofits:

Bankruptcy trustee seeks jury trial for Community Foundation leaders
(DBN)

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Mass Torts:

Claimants’ reps ask them to reject Garlock bankruptcy plan
(DBN)

Freedom Industries' Insurance Settlement Plan Favors Nonprofits --- Plan Gifts Nonprofits, Ignores Pollution Claims
(DBN)

____________

Food/Beverage:

Crumbs Bake Shop No Longer Crumbling with Bid From Marcus Lemonis
(DBN)

Original Twinkies factory to close
(DBN)

____________

Hotels:

Former Trenton Marriott bankruptcy proceedings end with agreement to pay vendors
(DBN)

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Fraud:

Two DBSI officials are sentenced to prison
(DBN)

An Ex-Aeropostale Executive Gets 8 Years Prison For Defrauding The Company
(DBN)

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New Bankruptcy Opinions
(6 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 (12 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)

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Trustees:

Judge Lynn Hughes Removes Bankruptcy Trustee Over Family Trip to New Orleans
(DBN)

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Bankruptcy Reform:

The Consumer Bankruptcy Creditor Distribution Study
(DBN)

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UCC:

The Proposed Bankruptcy Code Amendments and Securitizing Debtors and Their Creditors
(DBN)

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Third Party Release:

Bankruptcy Court Approves Non-consensual Third-party Releases Granted by Unimpaired Parties
(DBN)

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Derivatives:

Calculations on ISDA close-out
(DBN)

____________

Tax:

Not So Fast! Sixth Circuit Rescinds Award of Tax Refund to Bankruptcy Estate
(DBN)

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Recent Pleadings:

 

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TBTF:

Breaking Up (the Banks) May Not Be Quite So Hard to Do
(DBN)

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Sovereigns:

Who to blame for Argentina's disastrous default? Its lawyers, of course
(DBN)

Argentina and the Swap Puzzle
(DBN)

Argentina's Debt Drama: The Plan to Exit Default --- Argentina Holdouts Call Latest Plan 'Affront' to Court --- Argentina : US Accountable For Judge's "Illegal Act" In Debt Case --- Escape from New York, pari passu edition
(DBN)

Argentina Has Started To Go Totally Rogue
(DBN)

Escalating to Nowhere?
(DBN)

Argentina's default strategy raises debt acceleration risk --- Debt ‘acceleration’ turns into issue while new swap splits opposition
(DBN)

'We should be asking Griesa for BoNY deposits'
(DBN)

Gov't says 'contempt ruling' inapplicable to Argentina
(DBN)

Argentina bonds, peso reel on country's debt swap plan
(DBN)

Argentina's Bonds Decline on Plan to Offer Local-Law Swap --- Argentina country risk edges higher on JP Morgan Index --- Argentina's Last Bond Exchange Went So Well It's Doing Another
(DBN)

Argentina Bond Payment Plan Met With Skepticism in Market --- Bondholders Not Optimistic About Argentina's New Scheme --- Italian bondholders praise jurisdiction change
(DBN)

Argentina in latest debt default crisis pits 'motherland' against 'vultures'
(DBN)

Scioli supports debt payment bill, says VFs 'ravaged' Argentina
(DBN)

Macri on paying bondholders in BA: ‘This is clearly not the way’
(DBN)

Aurelius: 'Argentine leaders have chosen to be outlaws'
(DBN)

Three Views for Argentine Bondholders on to Swap or Not to Swap
(DBN)

Argentina moves to cut out US hedge funds
(DBN)

Argentina says proposed debt bill does not break contracts
(DBN)

Kicillof warns 'no change of payment jurisdiction'
(DBN)

CFK tables bill to bring debt jurisdiction back home
(DBN)

Cristina Fernandez blasts those who invest in the 'illegal currency' (US dollar)
(DBN)

Tearful Argentine president fights back – and the law is on her side
(DBN)

____________

UK:

Carney Seen Holding Sway as BOE Dissenters Pull Away From Pack
(DBN)

Verbally bullying husbands face jail under new proposals
(DBN)

____________

EU:

Europe Is Failing
(DBN)

____________

PIIGS:

Ailing Fish Farmer Shows Gaps in Greek Bankruptcy Regime
(DBN)

Portugal borrows at record low rates, despite BES rescue
(DBN)

When PIIGS fly, everything you know about euro crisis is wrong
(DBN)

____________

Canada:

Sears Canada widens Q2 loss to $21.3 million
(DBN)

Charges Laid in 'Bust-Out' Bankruptcy Fraud Investigation
(DBN)

____________

MENA:

The Men Who Killed James Foley
(DBN)

Obama rebukes Islamic State, vows to continue airstrikes --- Obama says Islamic State is 'a cancer,' U.S. will do what it must --- Obama: 'The entire world is appalled' --- We Will 'See That Justice Is Done' --- Will Obama punish ISIS for James Foley's murder?
(DBN)

ISIS barbarians demanded $100M ransom for Foley's life
(DBN)

U.S. Tried to Rescue Slain Journalist
(DBN)

Flashy Qatar Is Being Blamed For The Collapse Of Israel-Gaza Talks
(DBN)

____________

Brazil:

Batista’s MMX to Halt Work at Mine as Iron-Ore Falls
(DBN)

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China:

China's Top Graft Buster Probing Thousands
(DBN)

____________

Bulgaria:

Half of Bulgarians don't trust the local banking system: poll
(DBN)

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