July 2, 2014

The Daily Bankruptcy News

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Law:

NY: Bankrupt Firm Trustees Lose Bid for Unfinished Business --- Ruling Limits Defunct Law Firms' Claims to Unfinished Business --- Bankrupt Firm Trustees Lose Bid for 'Unfinished Business'
(DBN)

Beyond Biglaw: The Limits of Lawyers
(DBN)

An Update On A Managing Partner’s Mysterious Departure
(DBN)

DLA Piper partners describe close watch on hire who faked expenses at Sidley
(DBN)

Baker Donelson Hires Nonlawyer To Manage Group
(DBN)

Clifford Chance revenue up 7% to record level
(DBN)

A&O posts record results to £1.23bn but revenue rise lags half year performance
(DBN)

Business of Law
(DBN)

What Nice Girls Don't Ask
(DBN)

Lawprose: whoever; whomever
(DBN)

The legal frog is comfortably numb
(DBN)

For When You Absolutely, Positively Need A Violent Sociopath To Represent You
(DBN)

EEOC case alleging ADA violations against Womble Carlyle nixed by federal judge
(DBN)

Stop freaking out about student grade inflation: it’s not a bad thing
(DBN)

Judge Dismisses Defamation Lawsuit Against Thomas Cooley Law School
(DBN)

Naughty Partner Claims He Stole From Firm Because Biglaw Made Him A Bad Father
(DBN)

New York state senator faces charge of lying about getting son a job at law firm
(DBN)

Is law school like an undervalued stock? Job hunt could be ‘relative cinch’ for class of 2016
(DBN)

Virginia lawmaker is accused of sex with teen worker at his law office
(DBN)

7 Horrible Things That Happen To Your Body When You're Stressed
(DBN)

Siri Is About To Get A Whole Lot Better
(DBN)

Social-Media Mistakes You May Be Making
(DBN)

Woman poisons children with Visine
(DBN)

The US Plans To Deport The Thousands Of Children Flooding Across The US Border
(DBN)

How To Use 'Structured Procrastination' To Get More Done
(DBN)

The CEO of PepsiCo—and a Bad Mom? --- Says her colleagues help her raise her kids
(DBN)

Breakdances With Wolves: Lawyer Dishes on Native American Hip-Hop
(DBN)

NYC cracks down on pole dancing in subway trains
(DBN)

'Cannibal Cop' Conviction Overturned
(DBN)

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Judges:

Justices Plot Middle Course on Business
(DBN)

Chief Justice Roberts' Maneuvering Draws in Court's Liberal Bloc
(DBN)

The Supreme Court Isn't Waging a War on Women in Hobby Lobby
(DBN)

Why Ginsburg's Hobby Lobby dissent might backfire --- The Notorious RBG’s Hobby Lobby Dissent… IN SONG!
(DBN)

Hobby Lobby Continues Trend of Expanding Corporate Rights
(DBN)

Here's What Could Happen To Your Healthcare Now That Companies Have Religious Rights
(DBN)

What the Hobby Lobby Ruling Means for Small Business
(DBN)

Judge: Isn’t the loosey-goosey “closely held” distinction in the Hobby Lobby cases intellectually incoherent?
(DBN)

The Deeply Held Religious Principle Hobby Lobby Suddenly Remembered It Had --- Hobby Lobby Does Invest in Birth Control
(DBN)

Barack Obama Got Destroyed At The Supreme Court
(DBN)

Alito's Day in Court --- Samuel Alito’s Moment
(DBN)

Supreme Court Declines to Review Appeals in Some High-Profile Cases
(DBN)

Do Americans think corporations have the right to religious freedom?
(DBN)

CO: Bankruptcy Judge Michael E. Romero Selected For 7-Year Term As Chief Judge
(DBN)

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Wall Street:

U.S. stocks: Futures quiet, but Dow once again eyes 17000
(DBN)

US stocks close at records; Dow near 17000
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Bankruptcy judge to review GM recall dispute today --- GM Bankruptcy Judge to Review Recall Legal-Dispute Rules
(DBN)

GM compensation bill could rise to US$8b
(DBN)

General Motors sales rise 1 percent despite string of safety recalls
(DBN)

GM recalls now touch nearly every single model
(DBN)

Chrysler's U.S. sales up 9 percent, besting forecasts
(DBN)

U.S. June auto sales hit level not seen since July 2006 --- Auto Sales Close to Hitting the Brakes
(DBN)

Blecker: GM Recalls Show Need for Harsher Penalties for "Red Collar" Criminals
(DBN)

For GM, One Lawsuit Refuses to Go Away
(DBN)

____________

Food/Beverage:

Quiznos sandwich chain emerges from bankruptcy
(DBN)

C&K Market emerges from bankruptcy
(DBN)

____________

Mass Torts:

Former members of asbestos claims resolution group can sue bankrupt co-member
(DBN)

Plaintiffs' lawyers identify problems with GM compensation plan for ignition-switch accidents
(DBN)

Kenneth Feinberg On GM Payouts: 'Fast Is Possible, Fair Isn't'
(DBN)

____________

Retailing:

American Apparel Is In a Race For Survival
(DBN)

American Apparel Has No Good Alternatives
(DBN)

Dov Charney of American Apparel May Celebrate The 4th By Going Back to Work --- American Apparel: Ousted CEO Dov Charney gears up for a power grab --- American Apparel's Ousted CEO Is Buying Up A Massive Number Of Shares
(DBN)

____________

Economy:

U.S. ISM manufacturing PMI falls to 55.3 in June --- U.S. manufacturing stays strong in June --- Manufacturing expands in US, Asia; euro zone still lags
(DBN)

Business Is Booming
(DBN)

Americans Are No Longer Optimists
(DBN)

At Walgreen, renouncing corporate citizenship
(DBN)

What Will America Look Like in 2024?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Fifth Circuit Affirms Bankruptcy Court’s Reasonableness Review of Oversecured Lender’s Legal Fees in Non-Judicial Foreclosure Sale
(DBN)

HSBC settles U.S. fraud charges over foreclosure fees
(DBN)

Here Comes Construction Spending... --- US construction spending barely rises in May
(DBN)

Channelside auction might not be won by highest bidder
(DBN)

Where Americans Spend Too Much on Housing
(DBN)

15 Obnoxious Homes That Were Built Just To Annoy The Neighbors
(DBN)

____________

Municipalities:

Detroit bankruptcy judge offered three-hour blight tour in Ford F-150 - at no taxpayer expense
(DBN)

Detroit's $1.45B pension suit survives
(DBN)

Caravaggio Could Be the Key to a New Detroit
(DBN)

U.N. to intervene in Detroit water shutoffs
(DBN)

Puerto Rico move rattles US muni market --- US municipal market on edge over Puerto Rico power authority
(DBN)

Puerto Rico gets 3 notch super-downgrade: Moody's
(DBN)

Puerto Rico's Downgrade Shows Debt Law Can't Contain Rot
(DBN)

Puerto Rico's Indebted Power Utility Adds to Island's Problems
(DBN)

US bond funds sue Puerto Rico, worried about bankruptcy threat
(DBN)

Puerto Rico makes all July 1 debt payments: GDB chairman
(DBN)

These two debt payments may be heard around the world
(DBN)

Not another Detroit: States intervene in city fiscal crises
(DBN)

18 Facts That Make Houston The Best City In America
(DBN)

____________

Telecoms:

JPMorgan, funds to own LightSquared under bankruptcy exit plan --- LightSquared Has Tentative Bankruptcy Plan, Lawyer Says
(DBN)

LightSquared Unveils Restructuring Plan
(DBN)

Ergen still on a boil over LightSquared
(DBN)

____________

Awards:

Kramer Levin Wins Creditors Restructuring Law Firm Of The Year
(DBN)

Wiley Rein Bankruptcy Attorney Elected to Board of Directors of Northern Virginia Bankruptcy Bar Association
(DBN)

___________

Corporate Reform:

Huge BNP Paribas fine is putting currency markets on edge
(DBN)

BNP Paribas and Credit Suisse: Everything's Negotiable
(DBN)

BNP Paribas Says It Has Ample Cash to Cover U.S. Penalties
(DBN)

BNP's Punishment Might Just Be Strong Enough To Deter Wall Street
(DBN)

Analysts Expect More Penalties, Charges for Big Banks
(DBN)

BNP Deal Shines Spotlight on Law Firms' Sanctions Advice
(DBN)

____________

Electricity:

Energy Future Insiders Took in $46 Million Last Year
(DBN)

Energy Future Bonds Surge After Disclosure of Intercompany Loan
(DBN)

Key hearings in Energy Future bankruptcy extended to July 11
(DBN)

Energy Future Asks to Take Part in Optim Asset Auction
(DBN)

8 lender groups seek to throttle EFH's Chapter 11 bankruptcy
(DBN)

Judge urged to reject Energy Future's $2 bln bankruptcy loan plan
(DBN)

____________

Tax:

Federal Banking Agencies Adopt an Addendum to Policy Statement on Income Tax Allocation Agreements
(DBN)

____________

Fraud:

Former head of defunct Schuylkill Products sentenced to 7 years in federal prison
(DBN)

Supreme Court Declines to Consider Madoff Appeal --- Supreme Court Dashes Madoff Victims' Hopes
(DBN)

Mastro jewelry to glitter on online auction --- Linda Mastro: The woman behind the man
(DBN)

Rengan Rajaratnam Judge Narrows Case, Weighs Dismissal
(DBN)

____________

Religion:

Report: Minnesota Archbishop Nienstedt under scrutiny for same-sex relationships
(DBN)

____________

Oil/Gas:

Shale's junk debt could get shaky if Fed raises rates
(DBN)

____________

Asset Protection:

Mississippi Enacts Self-Settled Asset Protection Trust Legislation
(DBN)

____________

Education:

BU owed $5.3M in royalties from failed for-profit school, unlikely to collect
(DBN)

____________

Banking:

Banks’ Living Wills Get Silent Treatment From U.S. Regulators
(DBN)

Bank May Be on the Hook for $66 Million for is Role in Bankrupt's Check-Kiting
(DBN)

____________

Shipping:

Shippers may face rough waters, but it's smooth sailing for ports
(DBN)

____________

Museums:

Mediation Used in Dispute Resolution Over Art Museums
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

WNY bankruptcies at lowest in decade
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Cross-Border:

Foreign Debtor Eligibility for Chapter 15: The Second Circuit’s Gateway Requirements May Not Limit Access After All
(DBN)

____________

Jurisdiction:

Bankruptcy Court Power to Face SCOTUS Again
(DBN)

Dare We Hope for Some Clarity on Stern?
(DBN)

Supreme Court Clarifies Procedure for Deciding Stern Claims in Bankruptcy Courts, But Leaves Big Questions Unresolved
(DBN)

____________

DIP Finance:

Tortious Interference Claims: Something To Keep In Mind
(DBN)

____________

Sales:

When Bankruptcy and Your Shipping Terms Collide
(DBN)

____________

Recent Pleadings:

SCOTUS To Hear Another Bankruptcy Jurisdiction Case --- The 7th Circuit Opinion
(DBN)

______________

IP:

Inside the Hidden World of Offline Auctions for Online Property
(DBN)

____________

Student Debt:

Interest Rates Increase for New Federal Student Loans
(DBN)

Loan Monitor Is Accused of Ruthless Tactics on Student Debt
(DBN)

Student loan debt should be treated like Detroit’s
(DBN)

____________

Aviation:

Judge Approves $388 Million in AMR Bankruptcy Fees, Expenses
(DBN)

Another Reason to Hate the TSA
(DBN)

British Airways: Your Luggage Within Days
(DBN)

____________

Healthcare:

Natchez: Hospital details will be swept away
(DBN)

Vidant Pungo Hospital closing, community speaks out
(DBN)

Washington Regional Cuts 27 Positions; Hospital Leaders Blame Health Reform
(DBN)

America Loves Painkillers
(DBN)

____________

Gambling:

NJ: Pensions' bet on Revel owner hasn't started
(DBN)

More Bad News for Atlantic City Hotels and Casinos
(DBN)

Caesars' turnaround odds hobbled by swap buyers
(DBN)

Atlantic City sees our folly of casinos
(DBN)

____________

Bankruptcy Crimes:

Biloxi attorney sentenced in bankruptcy fraud case
(DBN)

Kansas City Woman Indicted in $3 Million Fraud Scheme That Forced Employer into Bankruptcy
(DBN)

____________

Call Centers:

Sitel gives layoff notice - 384 jobs
(DBN)

____________

Sovereigns:

What Brought Argentina to the Brink of Default?
(DBN)

Argentina Eyes Changing Bank to Pay Exchange Bondholders
(DBN)

Argentina’s Interest Payment Hangs In Limbo
(DBN)

Gouging the Gauchos
(DBN)

Fitch: Argentina's Missed Coupon Payments Raises Possibility of Default
(DBN)

Argentina agrees to talk to vulture funds as default looms
(DBN)

Holdout hedge funds claim Argentina never turned up to negotiate a settlement --- Gov't 'working' on vulture talks’ details
(DBN)

Argentine holdout sees Repsol, Paris Club deals as model for talks
(DBN)

____________

UK:

Law graduates face difficulty obtaining employment
(DBN)

____________

PIIGS:

Deutsche Bank, CarVal Said to Make Irish Loan-Sale Shortlist --- Bank in new bid to establish whether Dunne and Killilea are still married
(DBN)

Italian carrier gains bankruptcy protection
(DBN)

____________

Austria:

IMF Warns Austrian Hypo Alpe Bond Wipe-out May Cause Contagion
(DBN)

____________

France:

French ex-leader Nicolas Sarkozy charged with corruption
(DBN)

____________

MENA:

The New Face Of Terrorism
(DBN)

____________

Switzerland:

Switzerland: More Restructuring- Friendly Insolvency Law
(DBN)

____________

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