December 12, 2014

The Daily Bankruptcy News

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Law:

On ‘a hiring tear,’ Kirkland reportedly pays $9M a year to high-profile lateral hire --- Who Is Biglaw’s $9 Million Man?
(DBN)

Report: Legal Market Stabilizes, Poised for Growth in 2015
(DBN)

SullCrom Sees Litigation Boom Despite Waning Credit Crisis
(DBN)

Associate Bonus Watch Wars: Cleary Strikes Back! --- Sullivan & Cromwell, Cleary Meet Davis Polk on Associate Bonuses --- Simpson And Cravath Follow Davis --- Paul Weiss Pays Up
(DBN)

There’s No Hiding In SmallLaw
(DBN)

Small Firm, Big Ego: A Memo You Must See
(DBN)

Reinventing The Law Business: You Don’t Have To Be Good At Everything, But You Have To Be Great At Something
(DBN)

Sony GC's Emails Leaked in Ongoing Hacker Fallout
(DBN)

How to Ruin Your Brand
(DBN)

Firm of the Year: Which has "lunatic clients" and "dallying" partners?
(DBN)

Linklaters storms ahead in poll of in-house lawyers
(DBN)

This Law School Wants To Stop Students From Drowning In Debt
(DBN)

The Ten Best States For Paying Back Your Law School Debt
(DBN)

The Law Student Transfer Market: Arizona State, Florida, George Washington, Georgetown, and Utah Lead the Way
(DBN)

The Over/Under On The Number Of Law Schools Closing By 2020: Less Than Five (Probably Zero)
(DBN)

Asking Lawyers to Swear To Be Civil Met With Hostility
(DBN)

UK lawyers demand confidentiality after state admits spying
(DBN)

10 Ways To Upgrade Your Work Wardrobe
(DBN)

How to deal with a boss who doesn’t like you
(DBN)

US looks set to ease rules for foreign lawyers
(DBN)

15 Ways To Overcome Procrastination And Get Stuff Done
(DBN)

The Best iPad Apps Of The Year, According To Apple
(DBN)

One-stop shopping for lawyer holiday gifts
(DBN)

This App Is The Single Best Way To Keep Track Of All Your Travel Plans
(DBN)

Sections and pilcrows -- making the § and ¶ on the iPhone
(DBN)

Legendary Model Reveals Details About Bill Cosby
(DBN)

CIA Chief John Brennan Defends Agency But Questions Some Tactics --- Chilling Details About The Doctors Who Enabled The CIA Torture Program
(DBN)

Push for Greater Transparency on Police Killings Gathers Pace
(DBN)

Lawyer is accused of leaving court during recess, telling client she couldn’t deal with the matter
(DBN)

Office manager’s alleged theft of client funds and office computer leads to suspension for lawyer
(DBN)

Lawyer is suspended for ‘intentional bullying tactics’ in Facebook message
(DBN)

Attorney Facing Suspension Has N--- Pics Past
(DBN)

NYC Drunk Diver, A Lawyer, Mowed Down Five People On Herald Square, Crack Pipes Found In Car
(DBN)

UK: Glamorous Solicitor of the Year 2014: Round One
(DBN)

Shoes said to contain killer’s blood weren’t for sale in US at time of murder, suit claims
(DBN)

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Judges:

CD CA: Hearings On Cases Assigned To Judge Ahart Cases Following His Retirement In January 2015
(DBN)

NYC court clerk to retire after 45 years on job, 11M jury summonses
(DBN)

Will convicted judge serve 6-month jail term before her appeal is heard?
(DBN)

Court hears evidence for an hour before being told it's not in English
(DBN)

Ethics trial continues for judge claimed to be delusional, even after she announces her retirement
(DBN)

Judge quits after racist slurs
(DBN)

Trial by Cash
(DBN)

Judge Blasts Federal Prosecutor For Lying in Court: "You’re branded as a liar and you’ll remain a liar for the rest of your life"
(DBN)

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Wall Street:

US Index Futures Fall as Oil Drops, China Production Data Miss
(DBN)

Stocks close higher, but off day's previous highs
(DBN)

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Layoffs:

Halliburton to cut 1,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

RadioShack's tale of woe gets worse --- Cuts costs as losses swell --- RadioShack says it expects cost cuts to save $400 mln a year --- Fitch: RadioShack Cost Cutting Likely Not Enough to Prevent Debt Restructuring
(DBN)

RadioShack on the brink as key decision looms
(DBN)

Radio Shack Is Now Trading at 50 Cents a Share—Here's Why
(DBN)

RadioShack Posts 11th Straight Quarterly Loss
(DBN)

RadioShack’s big loss and retail sales numbers — Things to know --- RadioShack says lenders yet to agree on store closures
(DBN)

RadioShack's Tussle With Its Lead Lenders Can Leave The Company Bankrupt --- Radioshack's Creditors Stymie Plan to Shutter Stores
(DBN)

Hiring, Cheaper Fuel Give U.S. Retailers Holiday Boost
(DBN)

____________

Aviation:

The untold story of Laura Glading’s seat at the table during the American Airlines merger with USAirways
(DBN)

____________

Healthcare:

Buyer circling Crittenden Regional Hospital
(DBN)

Medical Debts Sent to Collections Can Be a Nightmare
(DBN)

Medical bills, bills, bills --- Change In Rules Of Reporting Medical Debt
(DBN)

____________

Lehman:

Ruling crushes Lehman RMBS investor hopes
(DBN)

____________

Batteries:

Exide Shareholders Lose Bid for Bigger Role in Bankruptcy
(DBN)

Exide Technologies Enters into Amended and Restated PSA to Continue Backstop Commitment Negotiations
(DBN)

____________

Celebs:

Fight over Trump brand stuck in bankruptcy court
(DBN)

Burt Reynolds auctioning off a lifetime of glittery memorabilia
(DBN)

The celebrities you didn't know were bankrupt
(DBN)

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Shipping:

Marine Fuel Supplier OW Bunker Collapses Months After Its IPO
(DBN)

New company salvaging the wreck of OW Bunker
(DBN)

____________

Debt Collection:

Couple Wins $1M Suit Against Major Bank for 'Outrageous' Robocall Harassment
(DBN)

____________


Economy:

Solid US retail sales point to firming economic recovery --- Retail sales report boosts US stock market
(DBN)

Jobless Claims in US Decreased 3,000 Last Week to 294,000
(DBN)

US business inventories rise, sales slip
(DBN)

The Vanishing Male Worker: How America Fell Behind
(DBN)

Many Feel the American Dream Is Out of Reach, Poll Shows
(DBN)

Americans' Debt-Cutting Levels Off - Despite Decline in Net Worth, Households Seem Primed for Growth
(DBN)

The Most Completely Depressing Stat About Americans’ Debt
(DBN)

How Democrats Lost the White Middle Class
(DBN)

Where Do Our Federal Tax Dollars Really Go?
(DBN)

Fed: Household net worth dipped in Q3 for first time in three years --- Americans' wealth slips in 3rd quarter as stock values fall
(DBN)

Paul Singer: I Blame The Fed For Income Inequality In The US
(DBN)

What Was Snuck into the New Spending Bill --- Why conservative Republicans consider the spending bill a betrayal --- Lawmakers fight to keep big bank swaps spinoff provision --- Vote to Avoid Government Shutdown Going Down to Wire --- House Narrowly Passes Bill to Avoid Shutdown; $1.1 Trillion in Spending
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fannie, Freddie to Begin Payments to Affordable Housing Funds
(DBN)

Home-Builder Results Provide Muddled, Sober Outlook For 2015
(DBN)

Applications for new home purchases plunge
(DBN)

Mortgage Equity Withdrawal Still Negative in Q3 2014
(DBN)

Mortgage rates inch slightly higher but still under 4%
(DBN)

What NYC's Most Famous Fictional Apartments Would Cost In Real Life
(DBN)

RealtyTrac reports foreclosure activity fell 9% in November
(DBN)

Zillow: The rent is too damn high
(DBN)

How Borrower Got 'Free House' In NJ Bankruptcy Case
(DBN)

Disbarred closing attorney scheduled to plead guilty in mortgage-fraud case is found dead
(DBN)

Kentucky Tax Lien Sales and the Curiously Overlooked Foreclosure Action
(DBN)

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Municipalities:

Detroit bankruptcy pros write off millions in fees --- Deals reached over Detroit bankruptcy fees: court mediators --- Source: Law firms will cut Detroit bankruptcy fees under deal
(DBN)

In Re City of Detroit: Nine Lessons for Creditors
(DBN)

Detroit, bankruptcy, and how to save a city
(DBN)

Detroit Sells $1.3 Billion in Bonds for Post- Bankruptcy Debts --- Detroit Closes Four Bond Financings Totaling $1.28 Billion to Fund Revitalization Efforts and Creditor Settlements
(DBN)

Detroit Seen as Model in Ohio City Facing Collapse
(DBN)

Former emergency manager Kevyn Orr looks to the future
(DBN)

First payment made toward Detroit's 'grand bargain'
(DBN)

Chapter 9 over, it's all Duggan's Detroit now
(DBN)

Bill Ford: I Feel Great About Detroit's Future
(DBN)

After bankruptcy, Detroit costs still rising
(DBN)

Lawmakers may strip schools of EM choice
(DBN)

Stockton's bankruptcy exit plan set to become effective
(DBN)

Investors, Just Say No To Illinois, NJ And PR Muni Bonds
(DBN)

Falling Oil Prices Raise New Concerns for States
(DBN)

____________

Tax:

Burger King's Move To Canada Could Save It $275 Million In Taxes
(DBN)

____________

Corporate Reform:

Bharara fenced in by ruling undercutting insider convictions
(DBN)

US authorities face new fallout from insider trading ruling
(DBN)

SEC boss criticizes court over insider-trading ruling
(DBN)

Experts Take Stock of Insider Trading Ruling
(DBN)

The New Definition of Insider Trading
(DBN)

FINRA Fines 10 Banks Over Toys R Us IPO Conflicts --- Analyst Would Do Anything for Toys 'R' Us IPO, Including That
(DBN)

Will First Change to Dodd-Frank Open the Floodgates?
(DBN)

Pointing Fingers: Who Started The Dodd-Frank Fight?
(DBN)

____________

Tech:

GT Advanced Bond Traders Drawn to Prospect of Apple Suits
(DBN)

GTAT co-founder Kedar Gupta: Apple deal was a 'Hail Mary'
(DBN)

___________

Distressed Investing:

Distressed Debt Investment Opportunities Are Expected to Rise
(DBN)

____________

Student Debt:

Most college students literally have no idea how much they’re paying to go to school
(DBN)

____________

Brokers:

Bid by MF Global Ex-Managers to Tap More Insurance Funding Opposed
(DBN)

MF Global's underwriters to settle suit for $74 million
(DBN)

____________

Accounting:

Trial Looms for Deloitte Over Decade-Old Adelphia Collapse
(DBN)

____________

Pensions:

Congress Says It Has to Cut Pensions to Save Them
(DBN)

____________

Banking:

Bank CFO Admits Guilt in TARP Fraud
(DBN)

____________

Mass Torts:

Bard Judge Says Implant Maker Facing Billions in Verdicts
(DBN)

____________

Theme Parks:

SeaWorld CEO to step down, company to cut jobs
(DBN)

ow SeaWorld became such an unpopular company
(DBN)

____________

Food/Beverage:

Think your milk and eggs are ‘organic’? These aerial farm photos will make you think again.
(DBN)

____________

Hedge Funds:

How a $600 Million Hedge Fund Disappeared
(DBN)

____________

Fraud:

US insider trading ruling roils prosecutors, SEC
(DBN)

____________


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 (15 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:

Distressed Firm and Bankruptcy Prediction in an International Context: A Review and Empirical Analysis of Altman's Z-Score Model
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Coming and Going Concerns
(DBN)

Willkie Farr & Gallagher: Business Reorganization & Restructuring Digest
(DBN)

____________

Bankruptcy Reform:

Broadcast Media Coverage Of Reform Report
(DBN)

ABI Chapter 11 Reform Report Part I: Ten Early-Case Changes
(DBN)

____________

Dismissal:

District Court Affirms the Bankruptcy Court’s Dismissal of an Individual Chapter 11 Case For The Debtor’s Failure to Satisfy Section 1112(b)(2)’s Strict Standards
(DBN)

____________

IP:

New considerations for trademark licenses in a 363 sale
(DBN)

____________

Safe Harbors:

United States Court of Appeals for the Second Circuit Holds that Section 546(e) Safe Harbor Protects from Avoidance Transfers of Fictitious Profits in Connection with Madoff Ponzi Scheme
(DBN)

Second Circuit Applies Safe Harbor to Protect Withdrawals Made by Madoff Customers
(DBN)

____________

Settlements:

Connecticut Bankruptcy Court Approves Settlement In Two Related Cases with a Torturous Twelve Year History
(DBN)

____________

Cross-Border:

Bankruptcy Court Decision Sheds Light on Cross-Border Eligibility, Venue, and COMI Issues
(DBN)

____________

TBTF:

MetLife to Buy Back $1 Billion More in Shares as Ruling Awaits - Insurer Expects to be Named 'Systemically Important' Financial Institution Very Soon
(DBN)

____________

Gambling:

Taj Mahal gives union till Monday to drop appeal
(DBN)

Caesars expected to miss $224 million interest payment
(DBN)

Caesars Entertainment reaches tentative deal over debt restructuring --- Caesars Reaches Tentative Debt-Restructuring Deal for Largest Unit - Caesars Still Trying to Reach Restructuring Deal With Holders of Unit's Senior Loans
(DBN)

Caesars Entertainment debt restructuring talks reach deadlock
(DBN)

Caesars Lenders Reveal Bankruptcy Plan as They Exit Talks
(DBN)

A lot of Money to Throw Around For Straub In AC, Or Is There?
(DBN)

Hotel owner: I'll open small Atlantic City casino
(DBN)

Golden Nugget to sue over Atlantic City tax aid plan, says it hurts smaller casinos
(DBN)

____________

Oil/Gas:

Oil Price Rout Continues
(DBN)

Saudi Oil Minister Naimi: 'Why should we cut production?'
(DBN)

Bank of America: OPEC is Finished
(DBN)

The Relentless Production of Shale Oil Is Breaking OPEC's Neck
(DBN)

A Simple Way Of Seeing Who Gets Screwed Most As Oil Tumbles
(DBN)

The Fed Helped Cause $550 Billion Energy Debt Boom, and Now It Could End in Tears
(DBN)

Oil is falling, but this big producer isn't worried
(DBN)

$60 oil will be norm for next 5 years: Economist
(DBN)

U.S. Oil Prices Drop Below $60 --- The reasons oil just plunged to $59
(DBN)

Lew: Lower energy prices huge boost to economy
(DBN)

Sharing the Pain in Shale
(DBN)

____________

Politics:

Elizabeth Warren is fighting Wall Street for the soul of the Democratic Party
(DBN)

____________

Sovereigns:

Singer Questions Argentina's Willingness to Settle Debt Dispute
(DBN)

Argentine argues before NY Appeals court the central bank is not an 'alter ego' of the administration
(DBN)

Waiting for RUFO
(DBN)

Singer: ‘Difficult to predict what Argentina will do after Jan. 1’
(DBN)

Ukraine Has 24 Hours of Peace as Premier Warns on Default Risk
(DBN)

____________

UK:

Begbies Traynor reports 'challenging' conditions and £8.5m acquisition
(DBN)

Scot Young: Bankrupt property tycoon's friends 'believe he was murdered by Russian mafia'
(DBN)

'Ring of death' claim as fifth tycoon takes his own life
(DBN)

____________

PIIGS:

Greek stocks plunge further 7 per cent --- Greek Stocks Plunge For Third Straight Day
(DBN)

It's Baaack: Looming Greek Elections Threaten To Re-Ignite The Euro Crisis ...
(DBN)

____________

Canada:

Canada Stocks Close to Wiping Out Gains Amid Oil Slick
(DBN)

Canadians Racking up Debt, But CIBC Finds Few Worried
(DBN)

____________

Russia:

Russia Is Fighting Its Financial Problems By Selling The Gold They've Been Hoarding
(DBN)

____________

China:

China's Slowdown Deepens as Factory Output Growth Wanes
(DBN)

China Sets Up Fund to Bail Out Trust Firms
(DBN)

____________

Brazil:

GVO Said to Discuss Debt-to-Equity Swap in Bondholder Meeting
(DBN)

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