January 30, 2014

The Daily Bankruptcy News

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Law:

Despite Pressures, In-Housers a Mostly Happy Lot
(DBN)

More GCs Expected to Triage Legal Expenditures in the Year Ahead, ACC Chief Legal Officer 2014 Survey Reveals
(DBN)

What do Law Students Think About Law School?
(DBN)

Law School Enacts Scary And Stupid Alcohol Prohibitions
(DBN)

Law Students ‘Party’ Hard, Win Drinking Competition
(DBN)

No Easy Answers for Challenges Facing Law Schools
(DBN)

This Is Why You Shouldn’t Give Your Law Professor The Finger
(DBN)

Is The Tiger Mother A Tabby Cat?
(DBN)

Lawyerly Lairs: A MoFo Partner’s Badass Crib
(DBN)

Telephone Talk: Five Tips for Lawyers
(DBN)

Big Law Leaders “Get It”? Seriously?
(DBN)

CLO Pay Down, Challenges Mounting in ACC Survey
(DBN)

Do You Recognize Your Horrible Boss?
(DBN)

5th Circuit nixes tax shelter used by 3 attorneys to keep more of $600M legal fee award --- If You Win A Massive Judgment, Try Not To Put It Into An Illegal Tax Shelter
(DBN)

Snowden Nominated for Nobel Peace Prize
(DBN)

Police: Pizza Hut manager spit on food ordered by cop who arrested her for DUI
(DBN)

Millionaire convicted of murder is sued again to keep $13.5M unpaid judgment alive
(DBN)

Thieves Are Stealing Cars Left Running In Cold Weather
(DBN)

Tired SWAT Police Give Up On Battering Ram, Just Ask To Be Let In
(DBN)

Police Find Hundreds Of Snakes In Home Of California Man Accused Of 'Animal Hoarding'
(DBN)

Remains of 55 are exhumed at notorious reform school, 24 more than records showed were buried there
(DBN)

Business Sues Customer For $750,000 Over Negative Yelp Review
(DBN)

Cops: McDonald's Worker Sold Heroin In Happy Meals At Drive-Thru
(DBN)

Man Asks Ex-Wife to Stay On As His Housekeeper
(DBN)

Say What?!
(DBN)

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Judges:

Panel recommends suspending judge accused of using office to promote religious business
(DBN)

Bankruptcy Judges Honored
(DBN)

Which justices skipped the State of the Union?
(DBN)

Delay Continues on U.S. Judges
(DBN)

Strine Confirmed as Delaware Chief Justice
(DBN)

Supreme Court Ousts Attorney Who Sued to Oust Obama
(DBN)

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Wall Street:

US stock futures tick higher Thursday
(DBN)

Stocks dip lower after Fed stimulus announcement --- Fed Tapers And Stocks Dive
(DBN)

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Layoffs:

Who Are The Long-Term Unemployed? (In 3 Graphs)
(DBN)

Patch Lays Off Hundreds of Journalists
(DBN)

Texas Led Nation in Job Growth for 2013
(DBN)

The Myth of Wage Stagnation
(DBN)

Listen to Hundreds of Journalists Getting Fired
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Weather:

Atlanta: 1 day after storm, highways still gridlock --- Photos Of Abandoned Cars In Georgia And Alabama
(DBN)

What Northeners Need To Understand About The Snow Traffic Disaster In Atlanta
(DBN)

Experts Reveal All The Reasons Behind Atlanta's Snow Gridlock Nightmare
(DBN)

As Courts Close Again Thursday, Judges Recount Their Gridlock Journeys
(DBN)

This Is The Best Explanation We've Seen For Why All Of Atlanta Is Stuck In Traffic
(DBN)

Snow Causes 6-Hour Delays At Atlanta Airport, The World's Busiest
(DBN)

13 Examples Of People Being Awesome In The Middle Of The Atlanta Traffic Jam
(DBN)

Here's What It's Like To Be Stuck For 10 Hours In Traffic Before Spending The Night In A Home Depot
(DBN)

Woman Trapped In House For Weeks After Door Becomes Iced
(DBN)

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Mass Torts:

W.R. Grace Gets Court Approval on Bankruptcy Exit Financing
(DBN)

W.Va. official: People are inhaling formaldehyde after spill
(DBN)

US lawmakers send letter to FEMA requesting financial aid
(DBN)

Wrongful death claimants in Lac-Megantic disaster want George Mitchell to oversee allocation of railroad’s funds
(DBN)

____________

Tax:

IRS customer service leaves millions of calls unanswered
(DBN)

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Gambling:

Is Caesars in the running for bust Revel casino in NJ?
(DBN)

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Awards:

Choate, Hall & Stewart Receives 2013 “Restructuring Deal of the Year” Award from The M&A Advisor
(DBN)

Ben Mann Named an American College of Bankruptcy Fellow
(DBN)

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Video Rentals:

Blockbuster Lives on in Mexico as Upscale Chain
(DBN)

____________

Economy:

Parsing the Fed: How the Statement Changed --- Fed continues taper as Bernanke's term ends --- Fed trims bond-buying to $65 billion a month --- Fed Officials Unite Behind Taper as Yellen Era Begins
(DBN)

Timeline: Fed's Bernanke saw U.S. economy through turbulent times
(DBN)

Businesses Hem and Haw Over Spending
(DBN)

Fed Sets Bar on Tapering
(DBN)

Tom Perkins Was Right: We Do Hate the Rich. And For Good Reason
(DBN)

Michele Bachmann Demonstrates Why We Can't Have A Real Conversation About Entitlements
(DBN)

Rate Increases Fail to Stop the Bleeding in Emerging Markets
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Foreclosures Were Down 24% In 2013
(DBN)

Subprime Called Safer Makes Comeback as 'Nonprime'
(DBN)

Retiring Lehman Judge Approves Fannie Settlement
(DBN)

5 Things You Need to Know About Home Prices
(DBN)

5 Things That Will Help New-Home Sales This Year
(DBN)

Lindemuth's tab: $40.6M owed to Topeka-area banks
(DBN)

Silverstein Seeks New Debt Deal for World Trade Center Complex
(DBN)

One Bal Harbour Resort Sold, Racketeering Claims Against Former Owner Remain
(DBN)

New Jersey Tax Lien Foreclosures Subject to Claw Back
(DBN)

___________

Municipalities:

Detroit's bankruptcy moving forward --- Detroit sends its plan out of bankruptcy to creditors --- Detroit sends blueprint for way out of bankruptcy
(DBN)

Detroit May File $18 Billion Bankruptcy Plan in Two Weeks
(DBN)

Detroit museum pledges to raise $100M for rescue fund
(DBN)

Detroit Institute of Arts Devises Ways to Save Its Art
(DBN)

Detroit seeing uptick in conventions, visitors
(DBN)

Bankruptcy judge allows case involving Detroit officer's killing to proceed
(DBN)

Once-Broke Pennsylvania Capital Prepares Muni Market Return
(DBN)

17 CA Communities May Run Out Of Water In 60 Days
(DBN)

Carey Davis has right stuff to lead San Bernardino from bankruptcy
(DBN)

Placentia, facing fiscal disaster, vows it will not go bankrupt
(DBN)

____________

Autos:

Profit warning shows remodeled Fiat-Chrysler faces rocky road
(DBN)

____________

Financial Privacy:

Feds investigating Target data breach
(DBN)

____________

Banking:

Chapter 11 Strategies Increasingly Appeal to Banks in Need of Recapitalization
(DBN)

____________

Fraud:

Jumping Through Hoops to Get Trustee Standing in Ponzi Scheme Cases
(DBN)

Chicago accountant charged with insider trading
(DBN)

Madoff Victims' Group Seeks to Opt Out of JPMorgan Deal
(DBN)

Madoff Programmers Sought to ’Drag Out’ Probe, Jury Told
(DBN)

Some Madoff Investors Shun J.P. Morgan Settlement
(DBN)

What It's Like To Watch Mathew Martoma's Trial For A Day
(DBN)

SAC Trader Called to Try to Distance Martoma From Trades
(DBN)

Scott Rothstein, Stuart Rosenfeldt To Testify At Trial Of Former Partner
(DBN)

K&L Gates OKs settlement of $23.7M in LeNature’s legal malpractice case
(DBN)

____________

Food/Beverage:

Why You Should Be Drinking More Coffee
(DBN)

____________

Health Care:

Insurance giant WellPoint Says Health-Law Customers Match Projections
(DBN)

____________

Corporate Reform:

Will Hedge Funds Drive More Mortgage Fraud Litigation Against Big Banks?
(DBN)

____________

Retailing:

Report: JCPenney Is Jacking Up Prices To Fatten Discounts
(DBN)

Target says hackers stole credentials from vendor
(DBN)

____________

Celebs:

How Do NFL Players Go From Millionaires to Bankrupt?
(DBN)

____________

Rail:

MM&A Derailment Victims' Families File Payment Plan
(DBN)

What does buyer see in small, bankrupt Maine railway?
(DBN)

____________

Pensions:

First Circuit Holds Private Equity Fund Responsible For Portfolio Company's Unfunded Multiemployer Pension Obligations
(DBN)

With Detroit Eligible For Chapter 9, Pensions In Jeopardy
(DBN)

____________

Religion:

Philly to Dallas: Ex-Priest a Brutal Abuser
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (33 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:

Overall Bankruptcy Filings Down 12 Percent in Calendar Year 2013, Ch. 11s Down 13.3%, Business Filings Down 17.1%
(DBN)

The Year In Review: U.S. Business Bankruptcies In 2013
(DBN)

Albany: Capital Region bankruptcies sink to seven-year low
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

International Restructuring NewsWire
(DBN)

____________

Avoidance Actions:

Did I Do That? When It Comes to Affiliation, Family Matters. (So, Too, May the Definition of “Corporation.”)
(DBN)

____________

Safe Harbors:

Storm Warnings for 'Safe Harbor' of Bankruptcy Code Section 546(e)
(DBN)

Lyondell Bankruptcy Court Holds That Safe Harbors Do Not Prohibit Creditors From Asserting State Law Constructive Fraudulent Transfer Claims
(DBN)

Has Section 546(e) Safe Harbor Finally Reached Its Outer Limits?
(DBN)

____________

Sales:

Fisker Automotive Puts the Brakes on Distressed Investors' Right to Credit Bid
(DBN)

____________

Finance:

Enforcement of Make-Whole Provisions in Bankruptcy: The Importance of Careful Drafting
(DBN)

____________

Turnover:

Debtor Required to Turnover Property She No Longer Possessed
(DBN)

____________

Cross-Border:

Using Chapter 11 to Restructure Non-US and Multinational Companies
(DBN)

Recognition Affirmed In First Chapter 15 Case Considered By The Third Circuit
(DBN)

Fourth Circuit Concludes That Applying Section 365(n) In A Foreign Proceeding Was Reasonable
(DBN)

Second Circuit Vacates Order Granting Recognition To A Foreign Proceeding
(DBN)

____________

Claim Allowance:

The Third Circuit Finds That A Transferred Claim Remains Subject To Disallowance
(DBN)

____________

Recent Pleadings:

Mayer Brown Gets Dinged: "Given the fact that the items billed for, and the number of hours allegedly spent on them, is incredible, the court finds there is no basis to award any fee"
(DBN)

______________

TBTF:

Ex- AIG CEO loses appeal of bailout lawsuit vs NY Fed
(DBN)

The SEC Released Files On Its Probe Into AIG — And Everything Is Ridiculously Redacted --- Request to SEC for AIG Files Nets Heavily Redacted Documents
(DBN)

____________

Litigation:

Nitty Gritty Discovery Requests
(DBN)

____________

Sovereigns:

Singer Blasts Gramercy's Argentina Proposal, Blasts Min. Wage Hike, Lawlessness, Bitcoin
(DBN)

____________

UK:

RBS GRG: Tomlinson Reveals 1,000 More Firms Accuse Bank of Engineering Bankruptcy
(DBN)

The New Challenge With Defining Insolvency in the UK
(DBN)

Creditor chases Solarstrom UK unit
(DBN)

Asset realizations in insolvency procedures
(DBN)

Scotland, the U.K.’s Next Big Economic Union Question
(DBN)

A&O tops law firm branding league table
(DBN)

____________

EU:

English Schemes of Arrangement Expand to Continental Europe and Beyond
(DBN)

ECB Paper Defends Embattled SMP Bond-Buying Program
(DBN)

____________

PIIGS:

Restructuring ELA Liabilities: Lessons From Ireland --- No cases for €140k-a-year judges
(DBN)

____________

Germany:

German Joblessness Falls More Than Forecast as Economy Grows
(DBN)

____________

Austria:

Austrian finance minister opposes Hypo insolvency
(DBN)

____________

Emerging Markets:

Leaders Of Emerging Market Countries Are Going Into Denial
(DBN)

____________

Russia:

Bank Run Fears Escalate as Russian Lender Bans Cash Withdrawals
(DBN)

____________

Brazil:

BlackRock No Longer Part of OGP Creditors Group
(DBN)

____________

China:

Chinese Manufacturing Contracts --- Index at six month low
(DBN)

Shadow Banking: China's Foundation Problem
(DBN)

____________

Australia:

Australian wine grape growers being 'forced into insolvency '
(DBN)

____________

 

 

 

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