January 31, 2014

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Bogus ‘Benchmark’ Bonuses At Kasowitz Benson?
(DBN)

Stingley Named to 25th Class of American College of Bankruptcy
(DBN)

The agile lawyer will rise as permanent, full-time, salaried employment vanishes
(DBN)

Entrepreneurs are the future of law
(DBN)

Looking Ahead: Predictions for the Restructuring Industry in 2014
(DBN)

Coming and Going Concerns
(DBN)

Business of Law
(DBN)

‘Uppity B----’ Frowns Upon Using Firm Funds For ‘Strip Club Outings’
(DBN)

Icy Weather Didn't Spare Law Schools, Even in the South
(DBN)

Dechert Grows Revenue 6.6 Percent, PPP 2.4 Percent
(DBN)

More factual problems for law school bashers: law students are not unhappier now than they were before the recession
(DBN)

6 Essential Leadership Traits for Law Department Managers
(DBN)

Why YOU need to care about Congress’ push for accrual based accounting for law firms
(DBN)

Should Non-Lawyers Own Firms? Do They Already?
(DBN)

File Your Own Frivolous Lawsuit Here!
(DBN)

Twitter: Lawyers Slow Adopters
(DBN)

UK: Firm of the Year Loser
(DBN)

Asian Associate Numbers Up; Black Associate Numbers Drop --- Asians account for ‘lion’s share’ of increase in minority associates at law firms
(DBN)

Sunny Days Forecasted For Florida Market
(DBN)

The White-Collar World: A Tale of Two Conferences
(DBN)

Top Managing Partner in storm over explicit Facebook groups
(DBN)

Queried about understanding of ‘deep intellectual stuff,’ jurors quickly convict disbarred lawyer
(DBN)

How To Respond To Interview Questions About Your Salary History
(DBN)

Paralyzed Florida Man Boosts Pontiac From Sales Lot, Out-Drives Cops
(DBN)

Amanda Knox Found Guilty Of Murder During Retrial In Italy
(DBN)

Suit says NASA was ‘recklessly negligent and bizarre’ for failing to investigate Mars rock
(DBN)

New York Man Arrested With More Than $100,000 In Fake Super Bowl Tickets
(DBN)

Thieves With Hammers Robbed A Manhattan Cartier Store In Broad Daylight
(DBN)

George Zimmerman Agrees To Fight In Celebrity Boxing Match
(DBN)

Woman dies after scarf gets caught in escalator...
(DBN)

New Mexico County Faces New Lawsuit Involving Abusive Cavity Searches By Police
(DBN)

Say What?!
(DBN)

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Judges:

Me, sleeping? Federal judge offers proof she was taking notes rather than snoozing during trial --- Do Boring Trials Double As Nap Time For 90-Year-Old Judges?
(DBN)

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Wall Street:

US Stock -Index Futures Drop as Amazon Profit Misses Estimates
(DBN)

Markets Jittery Again
(DBN)

Stocks close higher on GDP growth, Facebook
(DBN)

Stocks: Closing out a jittery January
(DBN)

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Layoffs:

U.S. Weekly Jobless Claims Climb To 348,000, More Than Expected
(DBN)

The Worst Unemployment Chart In The World
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Rail:

Mitchell may serve as negotiator for some Quebec rail disaster victims
(DBN)

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Debt Collection:

Third Circuit Holds that Debt Collectors Must Generally Comply with the Bankruptcy Code and the Fair Debt Collection Practices Act
(DBN)

When an Oath of Poverty (or Waterboarding) Isn't Even Enough
(DBN)

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Banking:

As Banks Loosen Underwriting, Credit Risk Rises
(DBN)

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Fraud:

Scrutiny of Dun & Bradstreet, D&B Credibility Rises
(DBN)

SEC Suspends Corporate Lawyer Over Ponzi Scheme
(DBN)

Madoff 'Winners' Plan To Keep Suing JPMorgan
(DBN)

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IP:

A Possible New Trademark Exception to the Corporate Discharge
(DBN)

Overkilling Qimonda
(DBN)

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Shipping:

Is This the End for Genco Shipping & Trading?
(DBN)

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Brokers:

MF Global's Liquidation Fees Are Questioned by Knighthead --- MF Global Creditor Seeks Accounting of Liquidation Costs
(DBN)

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Mass Torts:

The Mystery Men of Freedom Industries
(DBN)

US Senate hearing on W.Va. chemical spill
(DBN)

Charleston Gazette's Ken Ward on West Virginia Chemical Spill
(DBN)

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Aviation:

Group files to bring back Eastern Airlines
(DBN)

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Coal:

Slumping Coal Prices Impact Earnings at Peabody Energy Corporation --- Peabody Breaks Even in Q4, Beats Estimates
(DBN)

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Oil/Gas:

Shell to cut spending and sell assets after profit warning
(DBN)

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Food/Beverage:

Aberdeen beef plant sale moving forward
(DBN)

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Data:

Nirvanix secured creditor settlement is approved
(DBN)

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Economy:

Fed’s GDP Forecast Finally Hits the Bull’s Eye --- 5 Takeaways From the GDP Report --- Economists React: Fourth Quarter GDP ‘Pretty Impressive’
(DBN)

Economy Grew 3.2% in Fourth Quarter
(DBN)

Report: Nearly Half of America Lives Paycheck-to-Paycheck
(DBN)

U.S. initial jobless claims rise by 19,000 last week to 348,000
(DBN)

World markets recover after US GDP
(DBN)

US economy hits its stride as consumer spending returns
(DBN)

Three Big Economic Datapoints Are Coming Out Today
(DBN)

Putting U.S. Economic Growth in Perspective
(DBN)

Millennials Are The Most Financially Conservative Generation Since The Great Depression
(DBN)

How Were Fed Forecasts? Too High, Too Low and Just Right
(DBN)

The Senate Is Nearing A Deal On Unemployment Insurance And It Shows The Absurdity Of The Republican Position
(DBN)

Psychologist To The Rich Says His Clients Are Feeling Really Persecuted Right Now
(DBN)

Should the Minimum Wage Be Raised? Economists Weigh In
(DBN)

50 Reasons It's The Best Time In History
(DBN)

Lew Urges Dems Not to Negotiate on Debt Ceiling
(DBN)

Poll: Majority Now See Bush's Wars as Failures
(DBN)

Top Ten Blue Collar Hot Spots
(DBN)

Is Crazed Super Bowl Security Our Future?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Cold weather, hot prices put chill on home sales --- Pending Home Sales Tumble 8.7% --- Slump Most Since 2010
(DBN)

Mortgage rates fall on sluggish housing reports
(DBN)

Freddie Mac: Mortgage Serious Delinquency rate declined in December, Lowest since February 2009
(DBN)

These Are New York City's Most Rat-Infested Neighborhoods
(DBN)

REITs are supposed to be safe: Why this one's flirting with bankruptcy
(DBN)

The 10 Most Exciting Suburbs In America
(DBN)

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Municipalities:

Detroit Said to Demand New Swaps Deal From BofA, UBS by Friday
(DBN)

Despite up to $820 million being set aside, Detroit retirees not shielded in bankruptcy
(DBN)

Cutting spending and increasing revenue won’t be easy for Detroit without more jobs and taxes
(DBN)

Windsor Mayor Weighs in on Detroit Bankruptcy
(DBN)

Detroit Bankruptcy Plan of Adjustment revealed --- Detroit Plan Is Said to Split Creditors Into 2 Groups --- Detroit bankruptcy blueprint gives edge to retirees over bankers --- Will Detroit’s POA Be DOA With Creditors?
(DBN)

Now starts the hard work for DIA: Raise $100 million to meet its pledge --- DIA Director Graham Beal Explains the $100 Million Pledge
(DBN)

Detroit Agenda
(DBN)

Benchmarking Detroit: Charting Detroit's path from rock bottom
(DBN)

Detroiters need jobs and Detroit needs taxpayers
(DBN)

Two Michigan Cities Declared Financial Emergencies by Governor
(DBN)

Sorry D.C., You’re Not a Municipality
(DBN)

Ruling adds to North Las Vegas' financial woes
(DBN)

Stockton names new city manager
(DBN)

Residents of Bankrupt California City Target Animal Shelter’s Euthanasia Practices
(DBN)

State pension obligations can be crushing. But corporate welfare costs more.
(DBN)

____________

Health Care:

Hospital bankruptcies a result of trends, not a single event
(DBN)

Saint Francis Hospital layoff rumors denied
(DBN)

____________

Corporate Reform:

US seeks $2.1 billion from Bank of America in "Hustle" fraud case
(DBN)

Change Of Heart: DOJ Wants $2B Instead Of $864M In BofA Fraud Case
(DBN)

____________

Hollywood:

Hollywood Hired Hands See Greener Pastures Outside California
(DBN)

____________

Video Games:

Rhode Island and 38 Studios move closer to a settlement --- RI Senate approves 38 Studios settlement bill
(DBN)

____________

Gambling:

NJ pol: Don't let Caesars buy Revel casino
(DBN)

____________

Distressed Investing:

Distressed Debt Investors See Default Rate Hitting 4 Percent
(DBN)

____________

Retailing:

Amazon's Bad Omen for the U.S. Economy
(DBN)

Target representative guarded in U.S. panel briefing: sources
(DBN)

'ChewBacca' Hackers Targeted Retailers In 11 Countries
(DBN)

____________

Celebs:

Teresa And Joe Giudice Fraud Update
(DBN)

____________

Weather:

The Big Grind: Judges, Lawyers Recall Epic Commute
(DBN)

____________

Debt Collection:

School District Seizes Lunches From 40 Elementary Students in Debt
(DBN)

____________

Autos:

Advantage Rent a Car Requests $20 Million in New Financing
(DBN)

____________

Oil/Gas:

Natural Gas Prices See Largest Single-Day Drop In Nearly Four Years
(DBN)

____________

Politics:

Mark Callahan's party switches, bankruptcy and divorce roil Oregon GOP Senate race
(DBN)

House leaders sell immigration blueprint
(DBN)

____________

Lehman:

State recovers $31 million lost in Lehman bankruptcy
(DBN)

____________

Gambling:

Senator seeks to stop Caesars from buying Revel casino
(DBN)

____________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (Temporarily Unavailable)
(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:

Bankruptcies in NM decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Rules:

Proposed Amendments to the Federal Rules of Bankruptcy Procedure
(DBN)

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Avoidance Actions:

Local companies sued in Kodak bankruptcy
(DBN)

Key Decision Allows Massive Lyondell Shareholder Clawback Litigation to Move Forward
(DBN)

Kodak trust sues seeking funds for creditors
(DBN)

____________

UCC:

Beware of the Dragnet
(DBN)

First Source v. Wilson Bank: Sixth Circuit Opinion May Effect How Other Jurisdictions Recognize the Perfected Security Interests
(DBN)

____________

Secured Debt:

Northern District of New York Bankruptcy Court Rules On Issue of First Impression Concerning Lien Stripping in A Chapter 7 Case
(DBN)

____________

Subordination:

Lehman Decision Highlights Quirk in Bankruptcy Code Subordination Provision
(DBN)

____________

Cross-Border:

Cross-Border Bankruptcy in 2013: 10 Decisions Shaping Chapter 15
(DBN)

____________

Plan Confirmation:

Fifth Circuit Rules That Debtor’s Plan Failed to Effectively Preserve Post-Confirmation Causes of Action
(DBN)

____________

Recharacterization:

Ninth Circuit Overturns Longstanding Precedent in Ruling that Bankruptcy Courts Have Power to Recharacterize Debt Claims To Equity
(DBN)

____________

Obits:

Lawyer John A. Tosney, 62
(DBN)

____________

TBTF:

Banks Could Still Face Tougher Capital Requirements to Prevent Crises
(DBN)

____________

Sovereigns:

Impact of U.S. Supreme Court Argentina Decision On Sovereign Debt Restructuring
(DBN)

____________

UK:

Northern Ireland hit hard by insolvencies as rest of UK improves
(DBN)

Law firms experience rising insolvencies and mounting pressures
(DBN)

Debt-ridden over-50s 'more likely to suffer mental-health problems'
(DBN)

Tax avoiders to pay up while HMRC investigates schemes
(DBN)

Firms 'helpless' as new LLP tax guidance looms
(DBN)

Insolvency investigators to probe failed companies over opencast mines
(DBN)

____________

EU:

ECB survey shows banks no longer tightening mortgage standards
(DBN)

Creditors begin Cyprus' 3rd bailout review
(DBN)

EU bank reform too complicated
(DBN)

European distressed opportunities under scrutiny
(DBN)

Eurozone Inflation Drop Fuels Talk of Rate Cut
(DBN)

Eurozone unemployment stays at 12.0% in December
(DBN)

____________

PIIGS:

Born In Debt: Greece's History of Borrowing --- Greek PM promises hefty budget surplus, recovery in sight
(DBN)

____________

Canada:

Aird & Berlis Announces New Insolvency Partner --- Ian Aversa
(DBN)

Sears cuts store staff, more
(DBN)

Lac-Megantic victims seek money from railroad
(DBN)

Rate of Canadian Debt Accumulation Slowed Last Year
(DBN)

____________

Germany:

Germany's Strauss department stores seek creditor protection
(DBN)

Germany's Schaeuble wants tougher rules after wind park insolvency
(DBN)

____________

France:

Vivarte lenders to appoint restructuring adviser
(DBN)

____________

Bulgaria:

Bulgaria's Govt Mulls Personal Bankruptcy Bill
(DBN)

____________

Denmark:

The Danish Government Nearly Collapsed Over A Deal With Goldman Sachs
(DBN)

____________

MENA:

Libya's sovereign wealth fund to sue Goldman over $1bn trades
(DBN)

____________

Australia:

Super Rugby clubs battling financial woes
(DBN)

____________

Finland:

Bankruptcy Act Finland Is Not Suitable For Solving Problems, says Professor
(DBN)

____________

Argentina:

Argentinians horde US dollars, supplies amid economic turmoil
(DBN)

____________

Romania:

Romanian airline Carpatair to undergo restructuring
(DBN)

____________

Brazil:

Batista’s OGX Delays Debt Deal a 2nd Week After Blackrock Flees
(DBN)

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