February 21, 2014

The Daily Bankruptcy News

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Law:

Voluntary Buyouts Offered By Yet Another Top-Tier Law Firm
(DBN)

Associate Bonus Watch: Morrison & Foerster (Non-NYC)
(DBN)

Layoff Watch: The Upside Of Outsourcing?
(DBN)

Law firm hiring, the latest NALP report for fall 2013
(DBN)

25 Things All Young Lawyers Should Know In Order To Not Screw Up Their Legal Careers
(DBN)

'Merry' lawyer sparks insider trading scenario
(DBN)

George Mesires Adds Strength to Faegre Baker Daniels' Finance & Restructuring Practice
(DBN)

Reality bites at Bingham as credit crunch poster child's revenue falls by $110m
(DBN)

Going Up - The industry is still hurting, the job market is still sputtering, but fees rise
(DBN)

Coming and Going Concerns
(DBN)

Business of Law
(DBN)

Lawyer leads team to gold medal in Olympic curling event
(DBN)

Cringe-worthy: 8 Tips to Prevent Embarrassing E-Mails
(DBN)

This Awesome iPhone App Makes Sifting Through Email Way Easier
(DBN)

Too Much Information? Time For Meditation!
(DBN)

21 Signs It’s Time To Quit Your Big Law Job
(DBN)

Girl Allegedly Stoned To Death For Using Facebook
(DBN)

Partner Track :)
(DBN)

The 12 most popular law school memes on the internet
(DBN)

A journey through a pimped-up legal profession with gangsta app Gizoogle
(DBN)

Lawyer For Police Department Busted With Oodles Of Drugs
(DBN)

Five Year Old’s Letter to the IRS: ‘It’s OK If You Talk With My Mommy About My Taxes’
(DBN)

Con Artists, AUSAs, And American Greatness
(DBN)

Why You Shouldn’t Be Proud Of Your 60-Hour Workweek
(DBN)

Fugitive Captured After Falling 17 Stories Down Trash Chute
(DBN)

Woman calls 911 because husband wanted to 'hook up with her sisters'
(DBN)

Moron Arrested For Posting Video of His Drive-By Assaults to Instagram
(DBN)

Dallas Police Have Six-Hour Standoff With an Empty Apartment
(DBN)

Say What?!
(DBN)

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Judges:

Tentative Selection of a Bankruptcy Judge in Camden - Andrew B. Altenburg, Jr.
(DBN)

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Wall Street:

US Stock Futures Point To Firmer Open
(DBN)

Stocks close up on economic data
(DBN)

The Bankers That Worked On The Facebook-WhatsApp Deal Could Make More Than $80 Million In Fees
(DBN)

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Layoffs:

Second Circuit Declares WARN Act Liability of Operating Subsidiary May Be Imposed Upon Parent Holding Company
(DBN)

Why Companies That Build Homes Are Having A Hard Time Finding Workers
(DBN)

The Most Highly Recommended Job In America Pays Less Than $35,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

Long Island, N.Y., Hospital Files for Bankruptcy --- Hurricane Sandy Damages Force Filing
(DBN)

Antitrust fears steer bankrupt hospital to Westchester savior
(DBN)

Crystal Care Home Health goes into Ch. 7 bankruptcy
(DBN)

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Mass Torts:

Rail crash victims asked to organize
(DBN)

Free Pizza Offer Fuels Distrust --- Town attacks Chevron for offering pizza after explosion
(DBN)

Freedom Industries heads to court amid questions on 'insider' payments
(DBN)

Today: Freedom executives back in court for bankruptcy hearing
(DBN)

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Fraud:

Suit Says Madoff , From Jail, Claims JP Morgan Knew of Fraud
(DBN)

Madoff Ops. Director Testifies
(DBN)

Bernard Madoff crony Daniel Bonventre not big on job titles --- Ex- Madoff Executive on Trial Testifies He Can't Define COO Title
(DBN)

Wife of alleged Ponzi-schemer Jack Brown charged
(DBN)

Who Is Pleading Guilty Now For Role In Rothstein Scheme?
(DBN)

Another lawyer takes plea in connection to $1.2B fraud by now-disbarred attorney Scott Rothstein
(DBN)

Ex-celebrity advisor Dana Giacchetto charged with fraud
(DBN)

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Lehman:

Lehman-Freddie Mac Deal Frees Billions For Creditors
(DBN)

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Batteries:

Exide Probing for Damages From Lead Price-Fixing
(DBN)

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Electricity:

The Coal Plant an Illinois Town Couldn't Give Away
(DBN)

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Economy:

US economic activity gauge rises in January --- U.S. manufacturing PMI rises to highest since May 2010 in February
(DBN)

Leading Indicators Index in U.S. Increased 0.3% in January
(DBN)

U.S. CPI rises 0.1% in January; core prices inch up 0.1%
(DBN)

Income inequality: Among US cities, bigger ones are more unequal
(DBN)

Yellen Will Testify Feb. 27 Before Senate Committee
(DBN)

Obama to drop chained CPI from budget proposal
(DBN)

Obama Budget Sets Up GOP Showdown
(DBN)

Little Inflation Gives Fed Reason to Focus on Growth
(DBN)

Facebook's Gigantic Acquisition Shows What's Really Driving Inequality
(DBN)

American debt explosion: The good, the bad, and the ugly
(DBN)

Inequality Is Rising Faster In San Francisco Than Anywhere In America
(DBN)

Job Creation (And Destruction) In The World's Biggest Economies Since 2009
(DBN)

Philly Fed manufacturing weakens in February
(DBN)

U.S. initial jobless claims fall by 3,000 last week to 336,000
(DBN)

Number of US farms declines, farmers getting older
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US Mortgage Rates for 30-Year Loans Increase for a Second Week
(DBN)

Mortgage Delinquency Rate Near Prerecession Level
(DBN)

RealtyTrac: Monthly House Payments For Homebuyers Up An Average 21%
(DBN)

Port to Liberty Channelside: Remember the retailers --- Port commissioner questions doing business with companies that sue
(DBN)

Rapid home price gains make renting more attractive, study says
(DBN)

Kelleher determined to rescue Chicago Spire from black hole
(DBN)

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Municipalities:

Plan to restructure Detroit's debt expected Friday --- Creditors brace for landmark Detroit debt plan
(DBN)

Detroit lawyers: 3rd swaps settlement plan coming soon
(DBN)

Detroit Judge Hears Challenge To ULTGO Treatment
(DBN)

How will Detroit function after the bankruptcy is over?
(DBN)

Ficano: Deficit elimination plan 'gets us to viability'
(DBN)

Expert on Detroit bankruptcy: Goal is returning city to world-class status
(DBN)

Public-sector pensions - Little Rhody, big debts
(DBN)

United States Has a New Detroit, Except This One Can't Declare Bankruptcy
(DBN)

Detroit's worst-case scenario should motivate Wayne County
(DBN)

Pensioners living longer isn't the only cost crisis cities face
(DBN)

Moody's: Bankrupt California Cities Will Struggle With Pension Costs
(DBN)

The Happiest States In America
(DBN)

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Electricity:

Energy Holdings Prepares for a Breakup --- Lengthy bankruptcy looking more likely for Energy Future
(DBN)
(DBN)

Citigroup, Morgan Stanley, J.P. Morgan Poised for Another Windfall on Energy Future Holdings
(DBN)

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Retailing:

Bankruptcy Judge Clears Feb. 26 Auction for Retailer Dots
(DBN)

Wal-Mart Forecast Trails Estimates as Economy Hurts Sales
(DBN)

Wal-Mart's Big-Box Formula Under Strain
(DBN)

Walmart: Our Buyers are Under Fire
(DBN)

American Apparel approaches Skadden for restructuring advice --- Weakening sales and a hefty debt load
(DBN)

Gap Raising Its Minimum Pay To $10/hour
(DBN)

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Super-Heroes:

How Spider-Man and His Marvel Super-Friends Were Saved From Bankruptcy
(DBN)

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Autos:

The United States of Used Cars
(DBN)

PSA Peugeot Citroen: China to the rescue
(DBN)

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Consumer Finance:

Do People In Other Countries Use Credit Cards As Much As Americans?
(DBN)

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Health Care:

LBMC Files for Chapter 11 Bankruptcy
(DBN)

Natchez Regional Medical Center bankruptcy bill passes House
(DBN)

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Food/Beverage:

Court approves $42M funding for bankrupt Mi Pueblo
(DBN)

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Religion:

Milwaukee Archdiocese's reorganization plan shatters hope
(DBN)

Court should move ahead with archdiocese's plan
(DBN)

Court needs to make sure that archdiocese is doing all it can
(DBN)

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Agriculture:

Calif. Farmers Brace for News on Water
(DBN)

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Corporate Reform:

Don't Challenge J.P. Morgan's Settlement With The Government; Instead, Sue The Federal Reserve
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Sales:

Fisker Credit Bid Controversy Update: Hybrid Leave to Appeal Denied; Wanxiang Wins Auction; Court Approves Sale
(DBN)

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Avoidance Actions:

Trustee's Right to Jury Trial on Fraudulent Transfer Claims
(DBN)

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Surcharge:

Third Circuit Decision in In re Towne Reaffirms Rule That It Is Not Easy To Surcharge A Secured Lender’s Collateral Under 506(c)
(DBN)

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In Pari Delicto:

In Pari Delicto Defense Bars Liquidating Trustee’s Aiding and Abetting Breach of Fiduciary Duty Claim
(DBN)

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TBTF:

Hedge Fund Billionaire: Anyone Who Doesn't Think Goldman Got Preferential Treatment During The Crisis Is An Idiot
(DBN)

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Insurance:

NY Court of Appeals Reverses Itself, Holds Insurer’s Breach of Duty to Defend Doesn’t Waive Coverage Defenses After All
(DBN)

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Receivers:

Can a State Court Receiver Appear in the Bankruptcy Court or the District Court on Behalf of the Receivership Estate?
(DBN)

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Oil/Gas:

Anadarko Revised To $85 As Tronox Liabilities Weigh On A Strong Operational Outlook
(DBN)

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Student Debt:

Student Loans: The Home Mortgage Crisis Redux
(DBN)

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Lehman:

Ernst & Young Ordered to Face New York Lehman Fees Claim
(DBN)

Former Bank Gets Extra $3.7 Billion Or So To Play Around With
(DBN)

Citigroup, Barclays settle lawsuit over losses tied to Lehman
(DBN)

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Banking:

First Mariner Bank deal comes with $1M breakup fee
(DBN)

UK: The US Has Bullied Our Banks
(DBN)

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Alternative Energy:

Suzlon Considers Foreclosure on Illinois Wind Farm
(DBN)

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UK:

UK retail sales fall 1.5% in January
(DBN)

Bankrupt travel company pens heartbreaking letter to customers
(DBN)

Fee & regulatory reform: Insolvency Service inspired by FRC
(DBN)

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PIIGS:

Recent developments in Spanish Schemes of Arrangement --- Pescanova Shareholders Said to Seek 73% Debt Writeoff Amid Talks
(DBN)

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Canada:

NERA: Canadian Securities Class Action Filings Steady in 2013
(DBN)

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Germany:

Deutsche Bank settles Kirch case in milestone deal
(DBN)

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India:

IMF warns India of economic risks as polls loom
(DBN)

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Brazil:

Brazilian Court Blocks OSX From Joint Bankruptcy Filing With Oleo E Gas
(DBN)

Eike Batista's assets: The great X-it
(DBN)

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Austria:

Creditors should help cushion Austrian Hypo blow -finmin
(DBN)

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Ukraine:

S&P: Ukraine Likely To Default
(DBN)

Ukraine Says It Will Sign Peace Agreement
(DBN)

Ukraine has canceled one of its only hopes to stave off bankruptcy
(DBN)

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Jamaica:

IMF agrees to new timeline for passage of Bankruptcy Act
(DBN)

CaPRI supports new insolvency laws
(DBN)

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