December 4, 2014

The Daily Bankruptcy News

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Law:

Reform Wishlists: Adam Levitin: Eliminate Vendor Priority Claims ---

Sharon Levine: Code Shouldn’t Hinder Small Business Restructurings ---

Marc Leder: Impose a Legal Cap on Creditors’ Professional Fees ---

Paul Leake: Make DIP Financing More Restructuring-Friendly
(DBN)

Despite Bingham's Demise, Tina Brozman Foundation Lives On
(DBN)

Associate Bonus Watch: Boies Schiller Pays Up To $350K --- Boies Schiller to pay as much as $350K to associates in end-of-year bonuses
(DBN)

Change is extending scope and impact of law firms
(DBN)

BigLaw bankruptcy lawyer billed Detroit $34K for travel to and from his vacation home
(DBN)

Debunking 3 Myths About The Mysterious Tribe Of Plaintiffs’ Lawyers
(DBN)

Law Departments Taking a Mature Approach to Legal Spend
(DBN)

Business of law: Knowledge is beginning to take wing
(DBN)

Donato Wades Into Latest Challenge of 'Unfinished Business' Claims
(DBN)

From Offshore to Onshore, Law Firm Merger Boom Continues
(DBN)

Georgetown 3L Claims Adjunct Professor Recorded Her N----
(DBN)

Do 0Ls Have Any Clue About Law School?
(DBN)

Law School Rankings Churn
(DBN)

The Aging of the American Law Professoriate
(DBN)

Distressed Law Schools - Beyond Tuition-Reductions To Career Management
(DBN)

Waving The White Flag To Our Robot Overlords
(DBN)

alt.legal: From Esquire To Intern — My Life After Law
(DBN)

Attorney General nominee previously spoke of ‘conflicted relationship’ between cops and minorities
(DBN)

Teresa Giudice Suing Her Bankruptcy Lawyer For Five Million Dollars!
(DBN)

19 Gifts The Modern Gentleman Should Buy For Everyone In His Life
(DBN)

13 Things You Didn't Know Your iPhone 6 Could Do
(DBN)

40% Of LinkedIn Users Earn More Than $100,000 A Year
(DBN)

7 Things The Most Interesting People All Have In Common
(DBN)

What about those Cayman Islands assets? - San Diego's self-proclaimed "best" tax lawyer charged with embezzlement
(DBN)

No indictment in NYC police chokehold death --- Legal Experts Say Feds Unlikely To Indict NYPD Officer Involved In Chokehold Death
(DBN)

Furious Protests Erupt In NYC
(DBN)

Hundreds of Police Killings Are Uncounted in Federal Stats
(DBN)

Do Police Body Cameras Even Work?
(DBN)

Court Stops Texas Execution of Delusional Man
(DBN)

Judge Sentences Ex-Law Firm Controller to 20 Months in Prison
(DBN)

‘Real Housewives’ star files $5M suit against her bankruptcy lawyer, blames him for prison sentence
(DBN)

NFL Player Pretends To Live-Tweet His Attempts To Get Kicked Off Jury Duty
(DBN)

Will Client-Matching Services Turn Participating Lawyers Into Uber Drivers?
(DBN)

Children cry as Santa leaves Christmas parade in back of a 'police riot van'
(DBN)

Police: Man used McChicken sandwich as weapon
(DBN)

Family lived 6 months with corpse, prayed for resurrection
(DBN)

Say What?!
(DBN)

______________

Judges:

How Do You Solve a Problem Like Scalia? Set His Dissents to Music
(DBN)

When Magistrates act like Judges
(DBN)

Saggy-pants-jailing judge is reassigned; voters retained her despite ‘no’ recommendations
(DBN)

A Look at ‘Justice Scalia’ on the Small Screen
(DBN)

Lawyer defending $91M verdict bought Lear jet from state justice’s husband when case was pending
(DBN)

Judge struck by wrong-way driver outside courthouse says she suffered debilitating injuries
(DBN)

______________

Wall Street:

U.S. Stocks : Futures Flat
(DBN)

U.S. stocks extend record run ahead of jobs report
(DBN)

What’s Worse: Big Banks or Bondholders Shaking Markets?
(DBN)

S&P 500 ties 1929 with 48 record closing highs
(DBN)

______________

Layoffs:

GSK confirms "hundreds" of US job cuts as market gets tougher --- Glaxo to Cut 900 Jobs in North Carolina to Reduce Expenses
(DBN)

100 layoffs at 2 Southern California newspapers
(DBN)

Chemical maker Huntsman to cut about 900 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Liquidation hearing for Trump Entertainment postponed
(DBN)

Why the Heart of the Las Vegas Strip May Soon Be Bankrupt
(DBN)

____________

Healthcare:

Contra Costa County offers loan forgiveness to Doctors Medical Center
(DBN)

Doctors Diagnostic Hospital to reopen in Cleveland
(DBN)

After $25M in Medicare fraud and a federal raid, a Florida Healthcare Plus company tries to bounce back
(DBN)

Here’s exactly how the United States spends $2.9 trillion on health care
(DBN)

Even Wealthy Boomers Scared of Medical Costs
(DBN)

____________

Awards:

North America Innovative Lawyers: Finalists make imposing group --- Bankruptcy beyond borders
(DBN)

____________

Weather:

World on Course for Warmest Year Ever
(DBN)

____________

Compensation:

Deloitte Managers Made Huge $400,000+ Salaries, Hacked Documents Show
(DBN)

Leaked Data Reveals A Big Gender Pay Gap At The Top Of Deloitte
(DBN)

New Microsoft CEO to be Paid $84 Million
(DBN)

____________




Economy:

Fed's Beige Book: Economic Activity "continued to expand"
(DBN)

Fed Beige Book Shows 'Widespread' Job Gains Across US
(DBN)

Obama to CEOs: Let's work on wage growth
(DBN)

ISM Non-Manufacturing Index increased to 59.3% in November
(DBN)

10 Biggest Tax Breaks Extended by Congress
(DBN)

ADP: Private Employment increased 208,000 in November
(DBN)

Preview: Employment Report for November
(DBN)

U.S. third-quarter productivity revised up, wages slashed
(DBN)

US jobs, services sector data underscore economy's resilience
(DBN)

Early November jobs data paints mixed but worrisome signal
(DBN)

Top CEOs tell Congress and Obama to get to work --- Obama's Message to CEOs
(DBN)

Fed officials split on inflation outlook
(DBN)

Fast Food Workers Plan to Strike in 150 US Cities --- See What Happens When Fast Food Workers Are Tipped $100
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Philadelphia Fed: Could principal reduction save bankrupt homeowners?
(DBN)

$89 billion: The principal reduction price tag to save American homeowners
(DBN)

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

What are the unique dynamics of a low-income housing tax credit workout?
(DBN)

Self Employed Finding Mortgages Harder to Get
(DBN)

Homeowners murdered while taking possession of Detroit foreclosure
(DBN)

Only 3 years left for the average American to buy a home
(DBN)

One in five housing markets less affordable
(DBN)

Home sales for the rich and famous spike while everything else lags
(DBN)

Housing, mortgage lending mixed in latest Beige Book
(DBN)

Fresno, Not San Francisco, Among Nation’s ‘Strong’ Housing Markets, Trulia Says
(DBN)

Highland Capital seeks $250 million from Credit Suisse for appraisal
(DBN)

FL: Shopping center owner files Chapter 11 to avoid foreclosure
(DBN)

____________

Municipalities:

Was Detroit's power outage last stand for dysfunction?
(DBN)

Negotiations on attorney fees in Detroit's bankruptcy case
(DBN)

Detroit facing big bill from bankruptcy consultant
(DBN)

Orange County: 20 Years Later, Supervisors Might Rollback Key Reform From Bankruptcy
(DBN)

One year ago Jefferson County emerged from bankruptcy. Did Wall Street fleece the County Commission?
(DBN)

Federal judge allows Jefferson County to appeal decision in sewer customers' challenge to bankruptcy exit plan
(DBN)

Puerto Rico's Senate passes oil tax hike needed for $2.9 bln bond
(DBN)

Firefighters lose bid to sue bankrupt San Bernardino
(DBN)

The Best and Worst Run States in America: A Survey of All 50
(DBN)

____________

Retailing:

S&P outlines trail to RadioShack bankruptcy if lender claims prove out
(DBN)

Clouds Of Bankruptcy Loom Over RadioShack Corporation
(DBN)

RadioShack's Stock Races Toward $0 --- RadioShack's Future Just Got Much Bleaker
(DBN)

Empty Shelves At Sears And Kmart As Vendors Get Squeezed
(DBN)

Sears Loss Widens , But Tops Wall Street Expectations
(DBN)

Aeropostale 3Q loss widens , outlook disappoints
(DBN)

____________

Mass Torts:

The Seemingly Interminable Garlock Saga: Where Are We Now?
(DBN)

NECC trustee files compensation plan for 2012 meningitis outbreak victims
(DBN)

____________

Celebs:

Teresa Giudice Sues Lawyer For $5 Million, Blames Him For Prison Sentence
(DBN)

Joe Giudice to keep his wife, Teresa, out of lockup
(DBN)

Loni Anderson Reveals Why She Is Auctioning Off Everything Burt Reynolds Gave Her
(DBN)

Did You Know That Abraham Lincoln Lost His Home… Twice?
(DBN)

____________

Oil/Gas:

Saudi Arabia Sees Oil Prices Stabilizing Around $60 a Barrel - OPEC's Biggest Oil Producer Isn't Likely to Push for Production Cuts as a Result
(DBN)

ExxonMobil OK with oil at $40: CEO --- $40 Oil Doesn't Scare Big Oil for a Reason
(DBN)

Gas dips below $2 a gallon in Oklahoma City
(DBN)

Sub-$50 Oil Surfaces in North Dakota as Regional Discounts Swell
(DBN)

Wall Street starting to pick an oil bottom
(DBN)

Texas bank stocks dinged by drop in oil prices
(DBN)

OPEC is no threat to US oil production growth
(DBN)

Bank Analyst Explains How We Should Think About Wall Street's Exposure To The Oil Crash
(DBN)

What The Fed's Industry Contacts Are Saying About The Oil Crash
(DBN)

Low oil prices are a good thing, right? Not always.
(DBN)

Sorry, Iran-lower oil prices are a win for America
(DBN)

As oil and gas prices sink, effects spread around the globe
(DBN)

Most Speculators Saw Oil Drop Coming
(DBN)

____________

Paper:

GNP mill's buyer: All options are open
(DBN)

____________

Religion:

Sam Wyly's Church Wins Bid to Seek Scrap of Fortune
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

November Bankruptcy Filings Decline 16 Percent From 2013
(DBN)

Bankruptcy Filings Tumble
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Plan Confirmation:

Voter's Remorse: Taking Back an Acceptance or Rejection of a Chapter 11 Plan
(DBN)

____________

Recharacterization:

There’s a Thin Line Between Equity and Debt: Affiliates, Advances and Avoiding Recharacterization
(DBN)

____________

Professional Compensation:

Judge nixes fees for bankruptcy lawyer, citing ‘passive-aggressive’ response to required forms
(DBN)

____________

Avoidance Actions:

Tronox: Lessons for Buyers on Statute of Limitations
(DBN)

____________

Executory Contracts:

Court Rejects Debtor’s Attempt to Reject Part of an Integrated Contract
(DBN)

____________

Intercreditor Agreements:

'Momentive' Provides a Reminder About Intercreditor Agreements
(DBN)

____________

Corporate Governance:

Lightsway Litigation Services, LLC v. Yung: A Further Study of Fiduciary Duties
(DBN)

____________

Obits:

Another Tribute to Jean Braucher: On the Lighter Side
(DBN)

____________

Personal Finance:

11 Websites That Will Make You Smarter About Money
(DBN)

____________

Politics:

Who's Afraid of Elizabeth Warren?
(DBN)

____________

Corporate Reform:

10 Things to Know About the SEC Whistleblower Program
(DBN)

____________

Credit Unions:

Detroit Church Credit Union Seized
(DBN)

____________

Television:

The TV Industry As We Know It May Really, Finally Be Entering A Death Spiral
(DBN)

____________

Foam:

Latex International resolves bankruptcy case
(DBN)

____________

Education:

Defunct for-profit Florida school chain faces suit over fraudulent federal aid practices
(DBN)

____________

Tech:

Bankruptcy filings paint a picture of GTAT debt
(DBN)

____________

Sovereigns:

The Man Argentines Love To Hate Is An American Judge
(DBN)

How the Swaps Market is Preparing for a Venezuelan Default
(DBN)

____________

UK:

U.K. Economy Perks Up but Tax Revenues Lag Behind
(DBN)

Leeds turnaround firm in merger with Canary Wharf’s PKF Littlejohn
(DBN)

Fleeing war and crumbling economy, Ukrainians flock to Europe
(DBN)

____________

EU:

Euro Slides as Eyes Turn to ECB
(DBN)

ECB weighs further action as economic picture darkens
(DBN)

Europe stocks at fresh high before ECB policy decision
(DBN)

____________

PIIGS:

Luxembourg rejects bankruptcy appeal by Espirito Santo's Rioforte
(DBN)

____________

Canada:

Record household debt triggers warnings over 'insatiable' borrowing
(DBN)

____________

Ukraine:

Ukraine currency, sovereign woes to push more and more firms into default
(DBN)

Ukraine to hold talks with IMF soon: Finance Minister
(DBN)

Ukraine gets 500M euro loan from EU
(DBN)

____________

India:

Half of India's 500 top companies in debt trouble
(DBN)

____________

Vatican:

We’ve discovered hundreds of millions of euros off the Vatican’s balance sheet, says cardinal
(DBN)

____________

Bulgaria:

Bulgarian banks prepare to begin payouts of CCB deposits
(DBN)

____________


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