August 29, 2014

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device

Due to the Labor Day holiday The Daily Bankruptcy News will not publish on Monday September 1, 2014

 

Law:

Nationwide Pay Raise Watch: Could Philadelphia To $160K Drive NY To $190K?
(DBN)

Which midlevel associates are the happiest? --- The Best Law Firms To Work For: Midlevel Associates Speak
(DBN)

The State Of The Lateral Hiring Market In Chicago
(DBN)

Ex-Client Sues Beirne Maynard Over Bankruptcy
(DBN)

Law Firm Billing Survey: Collections Conversations Leave Lawyers Uncomfortable
(DBN)

Law School Rankings by BigLaw Associates' Satisfaction With Their Legal Education
(DBN)

Mayer Brown JSM to expand Restructuring Bankruptcy and Insolvency practice in Bangkok
(DBN)

‘Practice-Ready’ Matters to Young Lawyers, Too
(DBN)

As Casino Gambling Busts, Atlantic City Firms Play On
(DBN)

Wilson Sonsini Adds Restructuring Partner
(DBN)

For bankruptcy professional's spouse, Mr. Mom title still works fine
(DBN)

Latham Sued For Malicious Prosecution
(DBN)

7 Signs You're A Workaholic
(DBN)

How To Rock A Bow Tie
(DBN)

I Think This Witness Might Be Missing The Point
(DBN)

Former US Attorney takes plea in tax-return case, agrees to pay $290K
(DBN)

Retired NYC cop takes plea in $27M disability-fraud case; ex-prosecutor is a claimed ringleader
(DBN)

Deputy distracted by patrol car’s computer won’t be charged in fatal collision with bicycling lawyer
(DBN)

Polygamy effectively decriminalized in Utah, Victory for family that appears in TV show 'Sister Wives' --- Judge finalizes 'Sister Wives' ruling as both sides prepare for appeals
(DBN)

Offenders pay fees for probation and even jury trials, an example of ‘poverty capitalism’
(DBN)

New NFL policy imposes 6-game suspension for domestic or sexual assault, banishment for 2nd offense
(DBN)

Splitting Hairs Over Causation: When Is Amish Beard Cutting A Hate Crime?
(DBN)

An AUSA Has His 82 Year-Old Neighbor Arrested Over A Dispute About A Fence
(DBN)

How to Stop People From Urinating in Public
(DBN)

L.A. Lawyer Recently Linked To Minnie Mouse Is Busted In Heroin Trafficking Case
(DBN)

Ferguson Police Sued for $41.5 Million
(DBN)

Stripper Who Hung Up On Cop Trying To Find Her Missing Child Explained, "I Have To Get On Stage"
(DBN)

Mayor: Adult Illegal Aliens With 'Graying' Hair Enrolled in Public Schools
(DBN)

______________

Judges:

Judge orders courtroom deputy to shock disruptive ‘sovereign citizen’ defendant
(DBN)

Posner derides tradition as ‘feeble’ justification for gay-marriage ban, says it’s ‘based on hate’
(DBN)

After prosecutor’s live courtroom feed is disclosed, judges consider expanding viewing areas
(DBN)

Bench Berates Contemptuous Court Reporters Over Tardy Transcripts
(DBN)

______________

Wall Street:

Futures rebound ahead of spending data
(DBN)

Stocks close lower on Ukraine concerns
(DBN)

David Tice: Stocks Will Fall 30%-60%
(DBN)

SocGen: S&P Running on Fumes
(DBN)

______________

Layoffs:

11 Things You Should Do When You Lose Your Job
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

Court rejects creditor protection for Saab carmaker NEVS
(DBN)

Subprime Auto Loan Conversation
(DBN)

____________

Banking:

FDIC: Earnings increased for insured institutions, Fewer Problem banks, Residential REO Declines in Q2
(DBN)

U.S. Banks Neared Record Profit in Second Quarter, FDIC Says
(DBN)

Banks Face 9% Slide in FICC Revenues This Year
(DBN)

Secretive Swiss Banks Release Financial Documents For The First Time In 200 Years
(DBN)

____________

Retailing:

Abercrombie & Fitch's Sales Decline Is Hammering the Stock
(DBN)

RadioShack Weighs Options Including Refinancing, Bankruptcy
(DBN)

RadioShack Soars for Third Day on Prospect of More Financing
(DBN)

How Much Can RadioShack Expect to Get From Standard General?
(DBN)

____________

Agriculture:

Farmers Sue Hedge Fund Over Guar --- Farmers Say New York Financial Firm Forced Them In Bankruptcy
(DBN)

PSC takes step toward ending insolvency case
(DBN)

____________

Gambling:

Struggling Caesars in talks to restructure debt
(DBN)

Another Revel issue: The fate of its $129 million utility plant
(DBN)

With His Parents' Home at Risk, Atlantic City Piano Man Prepares for a Fight
(DBN)

Closures will leave A.C. short of hotel rooms for conventions
(DBN)

____________

Brokers:

MF Global's $1 Billion Claim Advances
(DBN)

____________

Corporate Reform:

Federal consumer watchdog agency hit with employee complaints of retaliation, discrimination
(DBN)

____________

Television:

Comcast objects to Chapter 11 plan, says it benefits only Astros
(DBN)

____________

Video Games:

RI gets first payment from 38 Studios settlement
(DBN)

____________

Religion:

Judge to consider key part of sex-abuse settlement
(DBN)

____________

Electricity:

FPL parent NextEra to bid on bankrupt Texas energy company
(DBN)

____________

Economy:

Economy Grows More Than First Estimated on U.S. Investment Gains --- US second-quarter growth much stronger; jobless claims fall again --- Economic weaknesses remain
(DBN)

US growth races ahead by more than 4 percent as jobless queue shortens
(DBN)

Regional Manufacturing Surveys suggest Solid August ISM index
(DBN)

This is why it feels like the recession never ended
(DBN)

Many Americans Live on $2 a Day
(DBN)

The Next Generation Will Have It Worse, Most Americans Say Labor Day blues: Americans 'unhappy, worried, pessimistic'---
(DBN)

Americans foresee unending economic doom
(DBN)

Report: Members of Generation X Carry Heavy Debt Burden
(DBN)

Weekly Initial Unemployment Claims decrease to 298,000 --- Jobless Claims in U.S. Little Changed as Economy Strengthens
(DBN)

What you need to know about the CBO’s new report on the deficit
(DBN)

A Key Part Of The Economic Recovery Everyone's Been Waiting For Is Finally Happening
(DBN)

The Social Security solvency dodge
(DBN)

Federal Debt: All You Need to Know in Three Minutes
(DBN)

Teen Jobs Don't Pay Off Like They Used To
(DBN)

Yes, the stimulus worked: highway spending would have fallen 20% without it
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Pending Home Sales Rise 3.3% In July To Highest Level Since August 2013
(DBN)

NAR: Pending Home Sales Index increased 3.3% in July, down 2.1% year-over-year
(DBN)

Are Our Mortgage Markets Broken?
(DBN)

Fannie Mae to sell long-time headquarters
(DBN)

NYC Office Tower May Sell for Record $2 Billion... $48 Million Per Floor!
(DBN)

10 Markets Where Housing Prices Have Risen the Most - 2014
(DBN)

____________

Municipalities:

Detroit bankruptcy judge says Syncora owes apology, may face sanctions --- Detroit bankruptcy judge tosses hold-out creditor's charges
(DBN)

Detroit secures up to $275M in financing from Barclays
(DBN)

New bond issues signal a return of investor confidence in Detroit
(DBN)

Looking for Saviors in Bankrupt Detroit
(DBN)

City of Detroit Moves Ahead on Reorganization Plan
(DBN)

A trial preview
(DBN)

Detroit water department questioned for contracts, avoiding council scrutiny
(DBN)

Flint unions ask Detroit bankruptcy judge to allow lawsuit challenging emergency manager law to continue
(DBN)

Pennsylvania Localities Tap Swaps for Upfront Cash
(DBN)

DePasquale: Scranton's pensions running out of cash
(DBN)

Providence Mayoral Candidate: City Needs To File Bankruptcy
(DBN)

Los Argentina: LA's City Council Issues an Ultimatum to Wall Street. Default Ahead?
(DBN)

Derivative deals making comeback for municipalities
(DBN)

____________

IP:

Where Bankruptcy Law and Intellectual Property Law Intersect
(DBN)

____________

Fraud:

Lawyers, others seek $2M+ from TelexFree
(DBN)

____________

Food Beverage:

The Epic Story Of How Workers Staged A Revolt, Took Control Of A Grocery Chain, And Got The CEO They Wanted
(DBN)

Am Law Firms Help Smooth Family Feud Over Market Basket
(DBN)

Warring Demoulas Billionaires Finally Settle Family Score With Market Basket Deal --- Market Basket stores get back to business
(DBN)

Market Basket employees fought for weeks to bring back their former chief. They won
(DBN)

How The Market Basket Deal Works: No Risk, No Reward
(DBN)

Crunchies Files for Bankruptcy
(DBN)

____________

Student Debt:

Court Ruling May Pave Way for Some Student Loan Discharge in Bankruptcy --- The 8th Circuit Opens the Door to Partial Discharge of Student Loans and Upends the Totality of the Circumstances Test
(DBN)

____________

Aviation:

Malaysia Airlines posts Q2 net loss of $98 mln --- Malaysia Airlines' Financial Losses Have Nearly Doubled Since Flight MH370 Disappeared --- Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp --- MAS needs to clarify job, capacity cuts: Maybank
(DBN)

Malaysia Airlines shares to be suspended on Friday -source
(DBN)

Aeroflot reports big losses amid Ukraine turbulence
(DBN)

The Secret, Tiny Bedrooms Flight Attendants Use On Long-Haul Aircraft
(DBN)

Another Flight Was Diverted Because Passengers Were Fighting Over Reclining Seats
(DBN)

____________

Shipping:

Recovery in sight for the dry bulk shipping market
(DBN)

____________

Mass Torts:

Equityholder in Asbestos Case Wants Fee Examiner
(DBN)

____________

Construction:

Truland Group Inc. may have gone a year without pay on Utah data center
(DBN)

____________

Museums:

Official reports bigger crowds at Kearney Archway
(DBN)

____________

Cutlery:

Historic maker of cutlery says orders pouring in as it works through Chapter 11
(DBN)

____________

Healthcare:

Standby tax included in Natchez Regional bankruptcy plan
(DBN)

Even more questions arise in Natchez sale
(DBN)

____________

Education:

Students worry about possible Anthem College closure --- For-profit Anthem Education abruptly closes campuses after filing bankruptcy
(DBN)

Anthem College Files for Bankruptcy
(DBN)

Fate of Rancho Cordova college has students waiting anxiously
(DBN)

____________

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 (79 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)

______________

Cram Down:

Leon Black's Apollo Global Management Keeps Winning Battles And Outmaneuvering Creditors
(DBN)

Judge's Ruling Could Affect Bondholders in Corporate Bankruptcies
(DBN)

____________

Avoidance Actions:

Section 548(e) Authorizes Avoidance and Recovery of Transfer of Living Trust Assets
(DBN)
w

____________

TBTF:

US risk council to discuss oversight of nonbank firms on Sept. 4
(DBN)

____________

Resorts:

The Business Behind Renting a Resort Villa
(DBN)

____________

Tax:

Second Circuit's Significant Decision Could Impact Liquidating Trustees
(DBN)

The Biggest Tax Scam Ever
(DBN)

Be Careful What You Plan For in California: Bankruptcy Reorg Is Normal Course of Business
(DBN)

____________

Chemicals:

Momentive Performance Senior Lenders Seek to Change Vote on Plan
(DBN)

Momentive Ruling Shakes Up Debt Markets
(DBN)

____________

Music:

Album Sales Hit 23-Year Low
(DBN)

Damages 'Rollercoaster' in Funk Band Royalties
(DBN)

____________

Lehman:

Lehman Brothers: Pensions Regulator settles for full buy-out cost
(DBN)

Lehman Eyes Sale of Unsecured Claim Against Brokerage Unit
(DBN)

____________

Sovereigns:

New framework for sovereign defaults
(DBN)

ICMA victory to avoid next Argentina
(DBN)

Argentina Rules Out Further Talks With Elliott, Aurelius
(DBN)

Singer extends 'discovery' looking for Argentine assets in Chinese banks
(DBN)

Argentina will only negotiate with all bondholders: no more piecemeal debt talks
(DBN)

Group hopes to avert Argentina default disasters
(DBN)

Paul Singer Holding Argentina 'Hostage', Says Kyle Bass
(DBN)

Deeper Argentine Default Pain Looms as Cash Concerns Grow
(DBN)

Capitanich: 'They seek a devaluation that is obviously not going to happen'
(DBN)

Argentines strike over ailing economy
(DBN)

____________

UK:

Insolvency litigation update - August 2014
(DBN)

Pension freedoms and implication for bankrupts
(DBN)

____________

EU:

Draghi dials R for Reform. Line is busy
(DBN)

Eurozone Inflation Falls Closer To Zero
(DBN)

There's Just No End To The Bad Economic Data Out Of Europe
(DBN)

____________

PIIGS:

Spanish Bonds Slide With Peers on Bets ECB Action Overestimated --- Spanish Economy Strengthens While Consumer Prices Drop
(DBN)

The billion-dollar fall of the house of Espirito Santo
(DBN)

____________

Canada:

Charges laid in bankruptcy fraud investigation
(DBN)

Should Tim Hortons brace for job cuts?
(DBN)

____________

Austria:

Untangling the Mess of Austrian Bank Hypo
(DBN)

____________

Ukraine:

'Russia, Ukraine Now At War'
(DBN)

Russian armored columns said to capture key Ukrainian town
(DBN)

Putin Has Cornered Ukraine And Its President
(DBN)

Russia Releases Aggressive Geopolitical Map
(DBN)

NATO Releases Satellite Evidence That Russia Is Lying About Invading Ukraine --- NATO: 1,000 Russian Troops Now Fighting in Ukraine
(DBN)

Khodorkovsky: Moscow lying about Ukraine, urges protests
(DBN)

____________

MENA:

US Airstrikes Against ISIS Have Cost $100 Million Thus Far
(DBN)

ISIS strips 250 Syrian soldiers, marches them to mass execution
(DBN)

____________

Barbados:

PwC search for $190m continues
(DBN)

____________

Japan:

Bank of America's Japanese brokerage unit ordered to pay $140M over bond deal with Takefuji
(DBN)

Japan economy in doldrums, as incomes and spending languish
(DBN)

____________

Russia:

Veteran Electronics Retailer Files for Bankruptcy
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2014