January 28, 2014

The Daily Bankruptcy News

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Law:

On ‘Hybrid’ Partners And The Games Law Firms Play --- BigLaw ‘partner’ files for personal bankruptcy, lists $800 cash, clothes worth $900 and broken watch
(DBN)

Associate Bonus Watch: Muted Reaction At Latham & Watkins
(DBN)

Is It Too Cold To Go To Law School?
(DBN)

Business of Law
(DBN)

Yale Law Professors Defend Themselves Against Charges Of RACEISM™
(DBN)

5 Things I Wish They’d Told Me When I Started My Law Firm
(DBN)

Skadden Arps And The Funky Bunch
(DBN)

Learn To Negotiate Like A Transactional Lawyer
(DBN)

DLA Piper hires Mark Fairbairn and Ashley Bell to its restructuring group
(DBN)

Stephen Glass Not Fit to be a Lawyer, California Supreme Court Rules
(DBN)

15 Things Overachievers Do
(DBN)

6 Tips For Finding More Time In The Day
(DBN)

NSA Watching Phone Users With Google Maps --- Snowden Gets Threats Against His Life --- Snowden: NSA Also Spies on Companies
(DBN)

FBI is keeping a giant stash of e-mails from defunct Tor Mail service
(DBN)

84-year-old sues NYC for $5 MILLION after he was left bloodied by NYPD -- for jaywalking
(DBN)

The For-Profit Prison Boom
(DBN)

Inmates punished with bread-and-water diet for desecrating US flags in cells
(DBN)

Video Shows Bicyclist Getting Punched In The Face After Telling Car Driver He's In The Bike Lane
(DBN)

Former Va. governor rejected plea bargain that would have spared his wife, WaPo reports
(DBN)

Man sentenced to death for killing doctor after botched nose job
(DBN)

Woman Sentenced to Two Days in Prison; Ends Up Trapped for 154
(DBN)

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Judges:

Judge Disqualified over Facebook ‘Friend’ Request
(DBN)

Stop Procrastinating, State Lawmaker Tells Judges
(DBN)

Was Pacer shutdown due to a cyberattack? Group claims responsibility
(DBN)

(Totally Unhelpful) Tips On How To Become A Judge
(DBN)

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Wall Street:

US Stock Futures Suggest Mixed Open
(DBN)

Overseas worries hamper US stock markets
(DBN)

Stocks Fall Again: Here's What You Need To Know
(DBN)

Fed exit rattles markets yet again
(DBN)

______________

Layoffs:

Factory Jobs are Gone. Get Over It
(DBN)

Obama Tries New Tack for Long-Term Jobless
(DBN)

Telecommuting Growing in US
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

CHS-HMA deal hikes pressure on smaller systems, hospitals
(DBN)

Westerly Hospital restructuring receives national recognition
(DBN)

Republicans Pitch Obamacare Alternative
(DBN)

One in Four U.S. Families Struggles to Pay Medical Bills
(DBN)

____________

Retailing:

Loehmann’s Locations Begin Shuttering
(DBN)

____________

Buses:

Bankruptcy court sides with RTD in bus contract
(DBN)

____________

Telecoms:

LightSquared Gets Loan Offers From Fortress and Ergen Entity
(DBN)

____________

Golf:

IN: Hawthorns Golf Club in Fishers files for bankruptcy
(DBN)

____________

Cash Management:

Judge tells BNY Mellon it has to give back $337M
(DBN)

____________

Accounting:

Deloitte may seek outsider to lead restructuring practice
(DBN)

PwC loses bid to avoid claims of the Castor creditors for more than $1 billion
(DBN)

____________

Trucking:

YRC Worldwide shares jump on union vote
(DBN)

____________

Steel:

US Steel loss widens as steel shipments fall
(DBN)

____________

Alternative Energy:

Fisker Auction Ruling Is Appealed
(DBN)

____________

Mass Torts:

More hearings scheduled for Freedom Industries bankruptcy motion
(DBN)

Ohio jury awards 40-year-old $27M in second-hand asbestos exposure case
(DBN)

____________

Celebs:

Toni Braxton Buys $3 Million Mansion 6 Months After Bankruptcy
(DBN)

____________

Economy:

$1 Trillion Farm Bill Cuts Food Stamps by $9 Billion
(DBN)

More Businesses Expect to Raise Prices in Coming Months
(DBN)

Businesses More Optimistic, Not Hiring
(DBN)

Poll Finds Americans Anxious Over Future, Obama's Performance
(DBN)

Pessimism Defines State of the Union
(DBN)

How Spending Has Fallen Under Obama
(DBN)

The American Dream is Dead in the South
(DBN)

Tom Perkins’s Unhinged Nazi Rant
(DBN)

One Cause of Inequality: More Rich Marrying One Another
(DBN)

Your Guide to the World's Wealth Gap
(DBN)

Stephen Roach: US Recovery is a False Dawn
(DBN)

Highly Educated, Highly Indebted: Today's 27-Year-Olds In Charts
(DBN)

Fed Intervention Helps Markets, Not Economy
(DBN)

America's Retirement Time Bomb
(DBN)

Obama Wants to Raise Minimum Wage for Federal Contract Workers --- State of the Union: Minimum Wage 101
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US sales of new homes drop 7 percent in December --- Good and Bad in December Report
(DBN)

Inventory of New Homes Remain Low
(DBN)

Lehman Seeks Approval of $2.15 Billion Fannie Mae Accord
(DBN)

Cold Spell Heats Up House Searches in Warm-Weather Markets
(DBN)

____________

Municipalities:

Fitch Ratings: Michigan Gov. Rick Snyder's $350M plan for Detroit pensions a 'troubling' precedent --- Bond rating agency blasts rescue plan --- Michigan plan for Detroit pensions snubs bondholders
(DBN)

Can Taxpayers Leverage the Ambiguity of "Party-in-Interest" to Enter the Chapter 9 Arena?
(DBN)

Mich. AG asks Court of Appeals court to intervene in bankruptcy on pension issue
(DBN)

Were Detroit’s Swaps Unfair?
(DBN)

Detroit Suburbs Balk at Spinning Off Water Works to Help City
(DBN)

Detroit mayor plans to get more tax by cutting property assessments
(DBN)

Wrongful death lawsuit may proceed, despite Detroit bankruptcy
(DBN)

Will Fifth Third push this Michigan city into bankruptcy ?
(DBN)

Protect Our Earned Pensions
(DBN)

How Detroit's bankruptcy could affect immigration reform
(DBN)

Immigrants, beware: There's a reason thousands fled Detroit
(DBN)

NJ Taxes Could Eat Up All Super Bowl Earnings
(DBN)

Puerto Rico gov't denies rumors of bankruptcy , US takeover
(DBN)

50 States Ranked: Fabulous to Failed
(DBN)

States Outspend Revenues in 2012
(DBN)

____________

Oil/Gas:

Bankruptcy Court Rules That Term Overriding Royalty Interests May Be Disguised Loans
(DBN)

____________

Education:

Manhattan Private Schools Reportedly Deploying Parents To Spy On Prospective Students' Families
(DBN)

____________

Financial Privacy:

Shoppers seem to ignore risks
(DBN)

____________

Consumer Electronics:

Sony downgraded to 'junk'
(DBN)

____________

Batteries:

Texas battery maker files for bankruptcy
(DBN)

____________

Hotels:

Judge denies payment to head of Trenton hotel board, who then resigns
(DBN)

____________

Maritime:

Excel Maritime Announces Confirmation of Plan of Reorganization
(DBN)

____________

Aviation:

Bankruptcy Court Sends Global Aviation to March Auction
(DBN)

Airline Mergers End Perks for Cardholders
(DBN)

American Airlines CEO's salary set at $700,000
(DBN)

Romanian regional carrier Carpatair gets approval for restructuring
(DBN)

____________

Politics:

The poorest in Congress
(DBN)

____________

Skiing:

Ski Resorts Seen as Buyout Targets Amid U.S. West Drought
(DBN)

____________

Nuclear:

Company Struggles to Keep U.S. in the Uranium Enrichment Game
(DBN)

____________

Tax:

Swiss Banks Seek Tax Amnesty as Third Accept U.S. Offer
(DBN)

____________

New Bankruptcy Opinions
(3 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 (24 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:

Altman Expects Low Default Rate to Continue Barring Overseas Disaster
(DBN)

Study: Most bankruptcy due to lawsuits, not debt level
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Sales:

Credit Bid Limited to Amount Paid for Debt
(DBN)

"Buyer Beware" Warning to Lenders and Purchasers of Secured Claims Seeking to Credit Bid
(DBN)

Fisker Case Brings New Life to the Credit Bidding Debate
(DBN)

____________

Avoidance Actions:

Sixth Circuit Issues Significant 502(d) Decision
(DBN)

____________

Miscellaneous:

The Year in Bankruptcy 2013
(DBN)

____________

Safe Harbors:

"The Unsafe Harbor: The Tribune Decision and the Erosion of Bankruptcy Code Section 546(e)"
(DBN)

Lehman Court Finds Safe Harbors Protect Damage Calculation Provisions in Swap
(DBN)

Southern District of New York Deepens Internal Split Over Loophole in Bankruptcy Safe Harbor for Capital Markets Transactions
(DBN)

____________

Eligibility:

Debtor’s Ch. 7 to Ch. 13 Conversion Denied; Title Dispute Claims Exceed Debt Ceiling
(DBN)

____________

Recent Pleadings:

K&L Gates To Pay $23.8M To End Malpractice Suit
(DBN)

Bankruptcy Judges Get Class Certification In Back Pay Action
(DBN)

______________

Litigation:

8 Reasons Why E-Discovery Projects Fail
(DBN)

____________

Compensation:

JPMorgan Seen Paying CEO Dimon $34 Million Options Award --- Mike Mayo: Jamie Dimon's Pay 'Feeds the Big Brother Banking Beast'
(DBN)

____________

Banking:

Judge allows potential legal claim against defunct Mt. Clemens bank’s operators
(DBN)

R.B.S. to Take Nearly $5 Billion Charge Related to Litigation Claims
(DBN)

U.S. Banks Prune Branches
(DBN)

____________

Fraud:

Mass. Pension Sues Fletcher Auditor
(DBN)

JPMorgan-Madoff Case Won’t Be Last Big One, Bharara Says
(DBN)

____________

Autos:

GM CEO Stands Behind Struggling Opel
(DBN)

____________

Hedge Funds:

Hedge Fund Manager Describes What It's Like When It All Goes Terribly Wrong — Like Last Friday
(DBN)

____________

Art:

Jeweler Esmerian’s Art Raises $10.5 Million for Creditors
(DBN)

____________

UK:

TUPE and insolvent companies
(DBN)

Investor groups rebuff Punch restructuring plan
(DBN)

UK's economic output slows in fourth quarter
(DBN)

UK lawmakers tell queen to cut costs, boost income
(DBN)

Law firm Cobbetts insolvency costs nearing £1m
(DBN)

____________

EU:

Bundesbank calls for capital levy to avert government bankruptcies --- Wealth tax for EU states facing bankruptcy
(DBN)

____________

PIIGS:

Lagarde: Ireland's bankruptcy laws exemplary
(DBN)

____________

Canada:

Creditors of XL-ID Solutions Inc. Approve Proposal
(DBN)

Failure of high-tech rooftop greenhouse in Vancouver leaves $4-million trail of debt
(DBN)

____________

Germany:

Germany to Take Brunt of 5,291 Airbus Firings
(DBN)

German church to help insolvent bookseller
(DBN)

____________

Argentina:

The Worst Case Scenario For Argentina Going Forward
(DBN)

____________

Brazil:

Brazil regulator to mull revoking block rights of Batista oil company
(DBN)

____________

 

 

 

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