January 24, 2014

The Daily Bankruptcy News

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Law:

Layoff Watch: Ringing In The New Year With Unemployment Woes
(DBN)

Layoff Watch: A Reorganization Claims More Jobs
(DBN)

Associate Bonus Watch: Goodwin Procter
(DBN)

Patton Boggs lures top V&E bankruptcy attorney Dan Stewart
(DBN)

Five Suspected Mobsters Arrested Three Decades After 1978 Lufthansa Heist At JFK
(DBN)

Business of Law
(DBN)

Freshfields' top earner took home £2.5m in 2012/13
(DBN)

Resume lies lead to disbarment for former Paul Hastings partner
(DBN)

Pregnant Biglaw Associate Realizes It Sucks Being Pregnant Biglaw Associate
(DBN)

3L In Charge Of Alumni Giving Encourages Unemployed 3Ls Not To Give
(DBN)

See Talent. Liberate It.
(DBN)

Does anybody really need a one-minute 'elevator pitch'?
(DBN)

Texas Prosecutor Gets Cut Off In Traffic
(DBN)

Justin Bieber Police Report Reveals He Was Combative, Rude To Cops, And Resisted Arrest --- Justin Bieber Was Partying And Drag Racing With His Dad Before Arrest --- Paparazzi And Fan Video Of Justin Bieber's Miami Arrest --- Mugshot
(DBN)

Town Considers Noise Ordinance That Would Ban Conversation
(DBN)

The Three Mayors Making Bombshell Allegations Against Chris Christie Have Suddenly Clammed Up
(DBN)

Man spends 41 years in mental hospital over theft of $20 necklace
(DBN)

George Zimmerman Unveils Painting of Florida Prosecutor
(DBN)

Guards May Be Responsible For Half Of Prison Sexual Assaults
(DBN)

The Insane Story Of The 1978 Airport Heist That Just Got A Suspected Mobster Arrested --- Suspect in JFK airport $5M cash heist portrayed in ‘Goodfellas’ is among 5 indicted by feds
(DBN)

Gov't Watchdogs: NSA Spying is Illegal --- Government board report refutes 9/11 argument for NSA phone records program --- US Hints at Edward Snowden Plea Bargain
(DBN)

Court sentences woman to be gang-r----
(DBN)

Say What?!
(DBN)

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Judges:

‘Judge Judy’ is behind a new courtroom TV drama, ‘Hot Bench’
(DBN)

Justices’ yearbooks for sale on eBay
(DBN)

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Wall Street:

US Stock Futures Fall
(DBN)

Markets fall for third straight day
(DBN)

Stocks slide on worries over China, US earnings
(DBN)

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Layoffs:

Initial Jobless Claims Barely Climb
(DBN)

What Jobs Will the Robots Take?
(DBN)

Sometimes The Wrong Job Is Better Than No Job At All
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Newspapers:

Virginia Newspaper Publisher Files for Bankruptcy
(DBN)

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Rail:

Judges in Quebec and U.S. approve US$16.85M sale of insolvent railway MM&A
(DBN)

‘It’s deja vu all over again:’ History repeats itself with MMA and GNP
(DBN)

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Telecoms:

Dish Can Ditch LightSquared Deal, Judge Says
(DBN)

Oops! Pentagon didn't actually order 80,000 new BlackBerries
(DBN)

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Food/Beverage:

Allens Inc. disputes $18 million in PACA claims
(DBN)

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Tech:

Digerati Resolves Chapter 11 Controversies
(DBN)

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Bankruptcy Crimes:

Former prosecutor denies bankruptcy fraud
(DBN)

Brockport Financial Adviser Indicted on Mail Fraud and Bankruptcy Fraud Charges
(DBN)

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Funeral Services:

Bankruptcy judge approves sale of George Washington Carver Memorial Gardens
(DBN)

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Corporate Reform:

Dimon Cries About Gov't Cases Against Chase
(DBN)

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Cash Management:

BNY Mellon Ordered to Give Up $337 Million From Sentinel
(DBN)

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Defense:

Creditors to seize Pentagon-hobbled IAP
(DBN)

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Personal Finance:

How I made sure all 12 of my kids could pay for college themselves
(DBN)

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Religion:

Jesuits: Seattle U’s money won’t be used to pay victims of abuse
(DBN)

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Economy:

Dimon: Economy Starting to Move Big Time
(DBN)

Eric Schmidt Reveals The Real Problem With Inequality
(DBN)

Kansas City Fed: Manufacturing Survey shows "Activity rebounded moderately in January"
(DBN)

Weekly Initial Unemployment Claims at 326,000
(DBN)

How Bad Was It? The Costs and Consequences of the 2007–09 Financial Crisis
(DBN)

The Geography of the American Dream
(DBN)

Fed’s $4T taper caper sets teeth on edge
(DBN)

These Two Ladders Perfectly Illustrate The Evolution Of Income Mobility And Inequality In America
(DBN)

O'Leary Says Inequality Is Fantastic
(DBN)

Most See Inequality Growing, but Partisans Differ over Solutions
(DBN)

Why billionaires of Davos must tackle inequality
(DBN)

Roubini's New Doom Scenario
(DBN)

A surprising map of where it’s hardest to escape poverty in America
(DBN)

Why Corporate America Eats Itself Alive
(DBN)

Economists: Your Parents Are More Important Than Ever
(DBN)

Fewer Immigrants Came to U.S. Last Year
(DBN)

Gallup: Two-Thirds Say Federal Gov't 'Too Big, Powerful'
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

December existing home sales rise 1%
(DBN)

Existing Home Sales Approach a New Normal
(DBN)

Cities Selling the Most Distressed Homes
(DBN)

5 states with the highest foreclosure rates
(DBN)

Framing Lumber Prices: Moving on Up
(DBN)

Three credit scores no longer needed for mortgage lending
(DBN)

The Boom And Collapse Of America's 'Subprime Generation'
(DBN)

Mortgage rates move lower again
(DBN)

Lehman Reaches Deal With Fannie Mae Over Mortgages --- Fannie would get about $537M in deal with Lehman
(DBN)

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Municipalities:

Jones Day Earns $17 Million in Detroit Bankruptcy So Far
(DBN)

Foundation, state funding deal won't stop Detroit pension cuts
(DBN)

For bankrupt Detroit, is $350 million just a drop in the bucket?
(DBN)

Snyder announces plan to attract 50,000 immigrants to bankrupt Detroit --- Michigan to US: Give immigrants visas to help rebuild Detroit --- A look at the visas sought by Mich. Gov. Snyder --- Michigan governor defends state money for Detroit pensions
(DBN)

Let's call a bailout a bailout
(DBN)

Detroit Bondholders See Legal Hurdles to State Plan
(DBN)

The Charitable Dilemma Of The Detroit's Lions, Tigers, And Red Wings
(DBN)

Quarter report shows Detroit general fund surplus
(DBN)

Houston, Citing Detroit, Sues Pension Fund
(DBN)

Morgan Stanley pressing $2 bln Puerto Rico financing -sources
(DBN)

What’s the Status of General Obligation Bonds in Municipal Bankruptcy?
(DBN)

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Aviation:

With Flight-Attendant Battle, United-Continental Merger Looks Far From Finished
(DBN)

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Health Care:

Ohio co. sees positives in Lake Shore Health
(DBN)

Percentage of Americans lacking insurance drops in January
(DBN)

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Mass Torts:

West Virginia Chemical Spill Firm Says It Has Insurance
(DBN)

Gene Robinson on silence over the West Virginia spill
(DBN)

West Virginia Senator Wants Leaking Chemical Storage Site Torn Down
(DBN)

Breaking down Freedom Industries' bankruptcy
(DBN)

In Charlotte, Judge Describes Asbestos Litigation 'Infected With The Impropriety Of Some Law Firms'
(DBN)

Court Rules That Due to Misrepresentations by Plaintiffs' Firms, Garlock's Settlement History Does Not Accurately Represent Its Actual Asbestos Liability
(DBN)

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Fraud:

How Much Control Does a Trustee Have in a Ponzi Scheme Case?
(DBN)

Doctor goes toe to toe with Martoma lawyer
(DBN)

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Alternative Energy:

After ambitious plans, Xtreme Power runs out of cash, files for bankruptcy --- Seeks strategic sale
(DBN)

Martifer Executives to Judge: Business Is Turning Around
(DBN)

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Metals:

Bankruptcy judge dismisses Powell Steel's case
(DBN)

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Celebs:

Lawyer speculates on strategy behind Vince Young’s Chapter 11 bankruptcy filing
(DBN)

Why a broke Vince Young is a warning to young NFL hopefuls
(DBN)

8 things to know about 'Octomom' Nadya Suleman
(DBN)

The 25 Sexiest Celebrity Mug Shots
(DBN)

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Video Games:

RI lawmakers to review 38 Studios settlement bill
(DBN)

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MLM:

Massachusetts Senator calls for investigation into Herbalife
(DBN)

Bill Ackman's Push Against Herbalife Gathers Steam
(DBN)

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New Bankruptcy Opinions
(1 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (17 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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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Avoidance Actions:

Bankruptcy Ruling Highlights Potential Problems Of Using Deeds As Estate Planning Tools
(DBN)

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Trustees:

Ninth Circuit Gives Some Protection to Both Bloggers and Trustees
(DBN)

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Secured Debt:

Ignoring Its Own Precedent, Seventh Circuit Refuses to Allow Tax Lien to Ride Through Chapter 13 Case
(DBN)

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Credit Bidding:

Delaware Bankruptcy Court Caps Secured Creditor’s Credit Bid at the Amount it Paid to Acquire that Debt
(DBN)

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Avoidance Actions:

The Lyondell Decision and Implications for Lawsuits Seeking to Claw-Back Payments to Shareholders in LBO Transactions
(DBN)

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TBTF:

Dad, Someday Can I Grow Up to Be Too Big to Fail?
(DBN)

Berkshire faces US scrutiny on systemic risk
(DBN)

Ally Financial shares disappoint, taxpayers reap less than predicted
(DBN)

Are banks too big to indict?
(DBN)

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Retailing:

Retailer closures rock malls
(DBN)

Neiman Marcus Says 1.1M Credit Cards Vulnerable to Malware During Breach --- Malware Lurked for Months Inside Neiman
(DBN)

FBI warns retailers to expect more credit card breaches
(DBN)

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Workouts:

E.D.N.C. Bankruptcy Court Rules that Borrower Can Raise Unfair and Deceptive Trade Practices Claims Against Lender Based on Refusal to Modify Loan
(DBN)

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EU:

Eurozone PMI up – China domestic demand down
(DBN)

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PIIGS:

Waterford developer files for bankruptcy in New York
(DBN)

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Canada:

Canadian tubing producer Delhi-Solac in receivership
(DBN)

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Germany:

Prokon insolvency triggers debate about tougher regulation
(DBN)

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France:

To boost entrepreneurship, France tries to change its attitude toward failure
(DBN)

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China:

Goldman: Could Be China's Century
(DBN)

Weakness in Asian economies seen persisting in 2014, China weighs
(DBN)

Coming $500M Default to Test China's Banks
(DBN)

China provincial govt may bail out shadow bank to avert default
(DBN)

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Brazil:

Batista's OGP Struggles to Meet Deadline for Restructuring Plan
(DBN)

Batista oil company may lose rights to exploration blocks -source
(DBN)

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MENA:

Dubai Group Agrees to $10 Billion Debt Restructuring
(DBN)

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PIIGS:

Bankrupt Málaga bailed out by Spanish government
(DBN)

Spain: Toll Road Traffic Declines To 1996 Levels
(DBN)

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Germany:

Most Germans don’t buy their homes, they rent. Here’s why
(DBN)

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China:

Stocks fall on fears of China's economy
(DBN)

The average Chinese private-sector worker earns about the same as a cleaner in Thailand 2 hours ago
(DBN)

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Australia:

Directors duties - Insolvent trading: Five rules to deal with a company in financial difficulty
(DBN)

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Kazakhstan:

Kazakhstan's Alliance Bank maps out debt restructuring
(DBN)

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