December 26, 2014

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Two BigLaw firms paid $5.75M to partner’s fake companies, prosecutors allege --- Partner Allegedly Steals Millions From Biglaw Firms To Lead Luxurious Lifestyle
(DBN)

Texas Firms Have Optimistic Outlook for 2015 --- CA: Law Firm Leaders See Jumps, Bumps in 2015
(DBN)

Accountability? Who, Me?
(DBN)

Five Am Law 100 Firms Play Role in Caesars Reshuffling
(DBN)

Binder & Binder Pulls the Plug on TV Ads
(DBN)

A Look Back At A 1981 Biglaw Holiday Party
(DBN)

Law School Special Snowflake Trigger Warning: I’m A Jerk
(DBN)

Back In The Race: Small Law Bonuses And New Year Planning
(DBN)

How to Flirt (and Not) Your Way to Success
(DBN)

Business of Law --- Business of Law (2)
(DBN)

Which Jobs Have the Highest Rates of Depression?
(DBN)

The 12 Days of Christmas -- for Lawyers
(DBN)

Former Cleary Project Attorney Sues Firm Over Alleged Race Discrimination
(DBN)

Pace Law School: For those whose "current LSAT score is not competitive enough to secure. . . admission to law school"
(DBN)

Lack of Expert Testimony Required Judgment for Bankruptcy Lawyer
(DBN)

‘The Night Before Christmas Legally Speaking’
(DBN)

Cooley law school seeks to sell a building in downtown Lansing
(DBN)

NY Law Schools Mirror Nationwide Drop in Enrollment
(DBN)

The Law School Transfer Market
(DBN)

The Best Apps For Your New Android Phone --- 13 Useful Android Widgets iPhone Users Wish They Had
(DBN)

A Step-By-Step Guide To Packing Your Dress Clothes In A Suitcase
(DBN)

7 Common Grooming Mistakes That Guys Make
(DBN)

How to Safely Clean Your iPhone or iPad
(DBN)

The First 21 Apps To Download For Your New iPhone 6
(DBN)

Texas Realtor celebrates the murder of two NYPD officers
(DBN)

Demand for Christmas wreaths has triggered a crime wave in Maine
(DBN)

Black, Off-Duty Cops In New York Feel Threatened By The Police --- Protesters Defy NYC Mayor's Call to Hold Off While Slain Cops Are Mourned --- Black Teen Killed by White Cop Near Ferguson Pointed Gun at Officer, Authorities Say; Police Distribute Video
(DBN)

Lawyer waiting in court offers $1K to defendant facing a felony if he didn’t pay restitution
(DBN)

Uber Driver Sued for Punching Model in Face
(DBN)

Uber Called ‘Criminal Enterprise’ by Philadelphia Cab Owners
(DBN)

Homeowner told to take down zombie nativity scene
(DBN)

Man Stopped His Car Being Towed by Using a Samurai Sword
(DBN)

How many JDs are in Congress?
(DBN)

From disabled ‘goblin topplers’ to ‘Frozen is my life’: The 10 most ridiculous lawsuits of 2014
(DBN)

Say What?!
(DBN)

______________

Judges:

Detroit bankruptcy judge hints at retirement
(DBN)

President Obama Outpaces Predecessors in Filling Judicial Posts
(DBN)

Posner on Case Workloads & Making Judges Work Harder
(DBN)

To traumatized law students: How does it feel?
(DBN)

Scalia demonstrates how to recover from an apparent misstep with a ‘Scalia culpa,’ says reporter
(DBN)

______________

Wall Street:

U.S. Index Futures Gain as Dow Above 18000, S&P 500 Near Record
(DBN)

S&P 500 Erases Gain in Final Minutes After Five-Day Rally
(DBN)

Why stock market’s rally won’t last for much longer
(DBN)

7 shocks for the markets in 2015
(DBN)

______________

Layoffs:

Coca Cola to Fire 2,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Brokers:

MF Global Holdings to Pay $1.21B in Restitution
(DBN)

MF Global Holdings to pay $100 million fine in CFTC settlement
(DBN)

____________

Television:

Most People Plan On Cutting Ties With Cable TV In 10 Years
(DBN)

____________

Compensation:

The Most Overpaid And Underpaid CEOs In Tech
(DBN)

____________

Autos:

Fiat dealership appears near closure
(DBN)

____________

Gambling:

Caesars Is Headed Straight For Chapter 22 Bankruptcy --- Caesars Entertainment Corp's Buyout Deal Brings it Closer to Bankruptcy
(DBN)

A Bitter Fight for Caesars Assets
(DBN)

Bank debt won't deter Caesars' Ch. 11 plan for unit
(DBN)

Potential Revel Casino Buyer Wants Discount
(DBN)

Carl Icahn Keeps the Lights On in Atlantic City for One More Year
(DBN)

____________

Consumer Finance:

Rise in Loans Linked to Cars Is Hurting Poor
(DBN)

____________

Shipping:

OW 'interpleaders' flow
(DBN)

OSG in Second Try to Avoid Tanker Arrest Over Unpaid Bunkers
(DBN)

OW Bunker Singapore Lost as Much as $13 Million on a Single Russian Oil Shipment
(DBN)

____________

Lehman:

Lehman sues Saint Louis University over old swaps
(DBN)

____________

Tech:

GT Advanced to sell its sapphire furnaces
(DBN)

____________

Banking:

Bankruptcy Court Approves Royal Financial, Inc.'s Acquisition of PNA Bank
(DBN)

____________

Economy:

US Jobless Claims falls: Markets Rejoice. Dow Scales 18000 --- Weekly Initial Unemployment Claims decreased to 280,000
(DBN)

Surge in healthcare spending drives up 3Q GDP to 5% --- The boom is here: the economy just grew 5 percent, and it’s not going to stop
(DBN)

Krugman: What 5 Percent GDP Means
(DBN)

Less than half of U.S. kids now have a “traditional” family
(DBN)

2015: The year jobs surge in the US
(DBN)

17 Things We Learned About Income Inequality in 2014
(DBN)

'The 12 Days of Christmas' will cost you $27,673 this year
(DBN)

Why the Fed Won't Raise Rates Soon
(DBN)

How US Became an Economic Superpower
(DBN)

The Worst CEOs of 2014
(DBN)

Vehicle Sales Forecasts: "Strongest December in 10 Years", 17 Million in 2015
(DBN)

Backlash Against Low Pay on the Factory Floor
(DBN)

Economy and Why the Young are Carless
(DBN)

GDP Growth Around The World
(DBN)

1 Chart Summary of the Global Economy in '14
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Credit Suisse Told to Face New York's Mortgage-Fraud Claims
(DBN)

Mortgage applications tick up 0.9%
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate unchanged in November
(DBN)

"Mortgage Rates Match December Highs"
(DBN)

Colorado AG charges two more foreclosure law firms with fraud
(DBN)

Foreclosure defense lawyer says he will give away free home for best ‘tear-jerker’ essay
(DBN)

____________

Municipalities:

Central Coventry Fire District files for bankruptcy
(DBN)

Ocean View School District Flirts with Bankruptcy
(DBN)

Municipal Bond Interest Paid By a Bond Insurer After an Issuer’s Bankruptcy Discharge Can Remain Tax-Exempt
(DBN)

Newark watershed trustees to file for bankruptcy in bid to recover allegedly stolen funds
(DBN)

Puerto Rico's downward spiral
(DBN)

New Jersey Is Bailing Out Atlantic City
(DBN)

Party in muni bonds may not last
(DBN)

____________

Fraud:

NY Mets Ownership Madoff Losses Slashed to $75.6 Million
(DBN)

Allen Stanford's Lawyers Shed Some Charges
(DBN)

____________

Oil/Gas:

Oil slides, Brent tests $60 as data shows glut building --- Oil Trades Above $60 Amid Signs of Saudi Confidence in Rebound
(DBN)

Natural gas falls to 27-month low on supply drop below forecasts
(DBN)

What Else Might Fall After Oil
(DBN)

Saudi Rulers to Curb Wages as Kingdom Confronts Oil Slump --- Saudi projects big deficit in 2015 after oil price drop --- Saudi to dig into reserves for the 2015 budget
(DBN)

Oil spin-off stocks could face longer road to recovery
(DBN)

Texas Drilling Permits Decline
(DBN)

Oil Drillers Are Under Pressure to Scrap Rigs to Cope With Downturn
(DBN)

Is Saudi Arabia Targeting U.S. Shales?
(DBN)

Why speculators are stashing vast quantities of crude oil on tanker ships
(DBN)

Oil's Swift Fall Raises Fortunes of U.S. Abroad
(DBN)

So, China's Oil Demand Wasn't Falling
(DBN)

SandRidge Energy And Its Potential Bankruptcy Risk
(DBN)

____________

Personal Finance:

How to exchange unwanted gifts with ease
(DBN)

5 'Band-Aid' Fixes That Hurt Your Finances
(DBN)

The Hottest Christmas Gifts In Each American City This Year, According To Google
(DBN)

10 important habits of debt-free people
(DBN)

____________

Environmental:

2nd former executive wants prosecutor off chem spill case
(DBN)

____________

Celebs:

How did Todd Chrisley Make his Money: 2 Bankruptcy Trustees Sue Julie
(DBN)

____________

Mass Torts:

The Double-Dipping Legal Scam - Bogus asbestos claims break into the open in federal court
(DBN)

Oil train disaster settlement growing
(DBN)

____________

Banking:

Judge Approves $37 Million Washington Mutual Bankruptcy Settlement
(DBN)

F.B.I. Searches Doral Financial's Offices in Puerto Rico
(DBN)

____________

Healthcare:

Private Bloomington hospital getting a new start
(DBN)

Co-op health insurer taken over by regulators --- Troubled insurer may be liquidated
(DBN)

QMC to close Friday night --- Quincy officials mull legal action to block Steward closure of hospital
(DBN)

Prime urged to keep California hospitals open 10 years
(DBN)

Battle rages over Daughters of Charity sale to Prime Healthcare
(DBN)

With Urban Hospitals in Decline, One Hospital Changes the Rules of the Game
(DBN)

____________

Golf:

Southwick Golf course in Burlington could close at year's end
(DBN)

____________

Horse Racing:

Illinois Horse racing tracks tied to Blagojevich scandal file for bankruptcy
(DBN)

Balmoral Park and Maywood Park File for Bankruptcy
(DBN)

____________

Rating Agencies:

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds
(DBN)

S&P nears settlement on real-estate bond ratings
(DBN)

____________

Bankruptcy Crimes:

Melissa Stamp, co-owner of Stamp Farms, pleads guilty to bankruptcy fraud
(DBN)

____________

New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (44 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

DIP Finance:

Priming DIPs: The New Normal?
(DBN)

____________

Avoidance Actions:

The Uniform Voidable Transactions Act; or, the 2014 Amendments to the Uniform Fraudulent Transfer Act
(DBN)

Delaware Bankruptcy Court Grants Summary Judgment Based On Ordinary Course of Business Defense
(DBN)

____________

Bankruptcy Reform:

Skadden: Overview of ABI Commission Report and Recommendation on the Reform of Chapter 11 of the Bankruptcy Code
(DBN)

____________

Contempt:

Federal appeals court orders release of jailed real estate mogul whose creditors seek $241M --- Creditors go after jailed real estate mogul's wife
(DBN)

Business Owner Who Refused To Turn Over Facebook Account Passwords Arrested For Contempt Of (Bankruptcy) Court
(DBN)

____________

Insurance:

State Takes Over Troubled Iowa Health Insurer
(DBN)

____________

Personal Bankruptcy:

The Chapter 13 Debtor's Absolute Right to Dismiss
(DBN)

____________

Subordination:

Equitable Subordination: Construction Lenders Beware
(DBN)

____________

Bankruptcy Bonuses:

Judge Authorizes NII Bonuses Over Watchdog's Objection
(DBN)

____________

TBTF:

Resolution Planning in the United States
(DBN)

____________

Awards:

Central NY Bankruptcy Bar Association elects Smith as president
(DBN)

____________

Corporate Governance:

New Debate in January on Delaware Bylaws re Shareholder Liability
(DBN)

A Cautionary Tale: Members of a Defunct LLC May Have Liability For Attorney Fees
(DBN)

Chancery Clarifies Nuances of Advancement for Directors and Officers
(DBN)

How Dov Charney got fired from American Apparel - twice
(DBN)

____________

Retailing:

US retailers may only just meet holiday sales forecasts
(DBN)

Sears says online chief resigns, key member of management team
(DBN)

Delia's Gift Cards Valid for Limited Time
(DBN)

5 Reasons For Wet Seal's Downfall
(DBN)

RadioShack 401(k) Draws U.S. Probe Over Money Handling
(DBN)

RadioShack's Problem: So Many Stores, So Few Shoppers
(DBN)

Holiday Shopping and Credit Card Clampdown
(DBN)

____________

Apparel:

American Apparel hires investment bank to weigh 'strategic options'
(DBN)

____________

Student Debt:

Mark Cuban: Student Loan Bubble Will Burst
(DBN)

The Government's Math Is Masking the True Cost of College
(DBN)

Some Colleges Are Taking Out Insurance Policies On Students To Guarantee They Can Pay Their Loans
(DBN)

____________

Sovereigns:

Leon Black Takes On Paul Singer In Vegas Showdown
(DBN)

NY court: Argentina must disclose to US creditors
(DBN)

____________

UK:

UK's Madoff ? Trader vanishes with clients' $200M
(DBN)

Stand And Deliver Up – obtaining information from third parties under UK Insolvency Act
(DBN)

Collapsed law firm Blakemores gave staff 30 minutes to leave office
(DBN)

____________

France:

France Ends 75% Super Tax on Rich
(DBN)

French Jobless Rates Hits New Record
(DBN)

____________

Russia:

Russian upper house passes personal bankruptcy bill
(DBN)

Ruble Crisis Is Over, Russian Finance Minister Says
(DBN)

S&P’s Russia Junk Warning Shows Ruble Rebound Comes Late
(DBN)

Putin Is Putting A Cap On Vodka Prices
(DBN)

Expats Are Looking To Flee Russia After The Plunge Of The Ruble
(DBN)

Pressures Intensify On Russia's Banking Sector
(DBN)

____________

Japan:

How Japan's economy put itself out to pasture
(DBN)

____________

China:

China to Ease Rules to Boost Lending
(DBN)

____________

Cyprus:

Insolvency bill offers protection to crisis-stricken homeowners
(DBN)

____________

Bosnia:

Bosnia's Bobar bank shut, big depositors face losses
(DBN)

____________

 


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