July 8, 2014

The Daily Bankruptcy News

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Law:

The Haves And The Have-Mores: Partner Pay Spreads At Leading Law Firms
(DBN)

Dewey Trustee Presses 'Urgency' in Bankruptcy Claims
(DBN)

“Disruption:” Barbarians at the Gates?
(DBN)

Sam Anderson named co-chair of Bernstein Shur Business Restructuring and Insolvency Practice
(DBN)

Business of Law
(DBN)

Well-known law firm sues prominent clients over alleged unpaid bill of nearly $6.4M
(DBN)

Law schools react to smallest incoming classes since 1970s; top applicants buck the trend --- Do we have too many lawyers? Law school enrollment drops 24 percent since 2010 --- Law school enrollment fails to rebound after recession; local colleges make cuts
(DBN)

Fourth Of July Power Grab: Law School Admissions Scandal Could Trigger President’s Ouster - "Texas is certainly where our t-------- live"
(DBN)

This Law School Is LITERALLY Nickel And Diming Alumni
(DBN)

What Would You Do If An Anonymous Donor Paid Your Law School Debt In Full?
(DBN)

A Jaunt Through Chambers
(DBN)

Do we have too many lawyers? Law school enrollment drops 24 percent since 2010
(DBN)

The GC: Being a Legal Adviser Is Just a Starting Point
(DBN)

Big Law, Big Problems: The Bright Future For Small Firms
(DBN)

Businesswomen Should Wear Simple Clothes And Never Raise Their Voices Under Pressure
(DBN)

Work-life balance: Can women have it all?
(DBN)

Powerful Words That Win You New Business
(DBN)

Book Review: The Marble and the Sculptor
(DBN)

Appeals Court says to give 'dreamers' licenses
(DBN)

7 Body Language Mistakes You Never Want To Make
(DBN)

A New Dress Shirt Solves The Annoyance Of A Floppy Collar
(DBN)

12 Great Overnight Bags For A Summer Getaway
(DBN)

Apps that have stood the test of time
(DBN)

7 Bad Speaking Habits That Turn People Off
(DBN)

More Surveillance Revelations, More Calls for Reform
(DBN)

Border Crisis Looms Over Obama's Texas Trip
(DBN)

Lawyer pleads guilty in 3 bank robberies, admits shooting state trooper
(DBN)

Madonna breezes through jury duty, is excused early due to ‘distraction’ she caused at courthouse
(DBN)

Bride Sues After Her Wedding Is Ruined By Nude Vigilante
(DBN)

Lawsuit reveals the lucrative business of selling the blood you donated
(DBN)

NYC cop charged with attempted murder in drunken shooting of random strangers
(DBN)

Florida Beachgoer Hilariously Confronts Two Women Stealing His Stuff
(DBN)

Man throws woman onto hot coals, stabs her with barbecue utensil
(DBN)

Chicago cop gave daughter-in-law up to feds after helping her grow pot for sick child
(DBN)

63 Abducted Nigerian Girls Reportedly Escape From Boko Haram
(DBN)

______________

Judges:

What Businesses Need to Know About the Roberts Court
(DBN)

Delaware federal courts designate new chief judges
(DBN)

Federal Judge Tells Supreme Court To 'STFU' --- Federal judge who told SCOTUS to STFU considers giving up blogging
(DBN)

______________

Wall Street:

US stocks await start of Q2 earnings
(DBN)

Wall St. drops as cyclicals weigh; small-caps lag
(DBN)

Gotham City Targets Fall After Lets Gowex
(DBN)

Warren Buffett's 'Single Best Measure' Of Stock Market Value Is Higher Today Than It Was During The Credit Bubble
(DBN)

Fear follows Gotham City as firm seeks more scalps
(DBN)

______________

Layoffs:

3 Of The 5 Worst Cities For Recent College Grads Are In California
(DBN)

An Economist Has Put Together The Ultimate Guide To The State Of The Job Market
(DBN)

Older College-Educated Workers Now Have Higher Unemployment Rates Than Fresh Graduates
(DBN)

The Industries Where Job Openings Are Really Starting To Pick Up
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Nuclear:

Court Approves USEC Disclosure Statement
(DBN)

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Retailing:

American Apparel Lender Said to Demand Loan Repayment
(DBN)

American Apparel Faces CEO Firing Fallout
(DBN)

Lion Capital Said to Want Return of American Apparel CEO
(DBN)

American Apparel crisis nears end with hedge-fund deal
(DBN)

Standard General gains control of ousted American Apparel CEO's shares
(DBN)

American Apparel deal gives breathing space
(DBN)

American Apparel lender demands its $10 million back
(DBN)

____________

Video Games:

Former EDC staffers sue to block proposed 38 Studios settlement
(DBN)

____________

Mass Torts:

Asbestos claimants object to Garlock’s bar date proposal for a second time
(DBN)

Few chemical spill claims so far in Freedom bankruptcy
(DBN)

____________

Infrastructure:

Why the Highway Trust Fund is running out of money
(DBN)

DOT: Infrastructure fund bankruptcy will mean 28 percent cut for states
(DBN)

Senate Democrats Invoke Specter of ‘Shutdown’ in Highway Funding Fight
(DBN)

Dwindling highway funds may cost jobs --- Without Highway Bill, 70,0000 Jobs at Risk
(DBN)

Limits to inherited IRAs floated to pay for highway repairs
(DBN)

____________

Opera:

Potential buyer of New York City Opera objects to delays
(DBN)

____________

Hotels:

Hotel Los Gatos may be sold after bankruptcy
(DBN)

____________

Economy:

Consumer Spending in U.S. Dips in June
(DBN)

Walmart CEO: Things Aren't Getting Better For America's Middle Class
(DBN)

Yellen's Economy Echoes Burns's More Than Greenspan's
(DBN)

Myths About The Economy That Just Won't Die
(DBN)

42% Of Millennials Are Seriously Worried About Debt
(DBN)

Fitch: U.S. Credit Card ABS Losses Hit New Low Along with Unemployment
(DBN)

Central banks back to opaque policy approach
(DBN)

Wages and inflation: Things could get complicated
(DBN)

Inside Silicon Valley's Tent City
(DBN)

More Companies Bail US Over Taxes
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Trustee In Failed Las Vegas Fontainebleau Project Reaches $83M Settlement
(DBN)

Fannie, Freddie conservatorship hurts investors, destabilizes mortgage market
(DBN)

Mortgage eminent domain survives Richmond City Council opposition
(DBN)

The U.S. housing market is a 'crapshoot' right now, according to Case-Shiller co-creator
(DBN)

The 20 best and 20 worst markets for being a landlord
(DBN)

____________

Municipalities:

Detroit facing 2 pivotal Circuit Court appeals on bankruptcy
(DBN)

They're bulldozing a fifth of Detroit
(DBN)

The Nerd Who’s Trying to Save Detroit
(DBN)

Puerto Rico's electric power authority gets creditor reprieve to July 31
(DBN)

Wall Street Waits While Statehood Debate Handcuffs Puerto Rico Decision Makers
(DBN)

Puerto Rican debt restructuring law causes problems for MBIA and Assured Guaranty --- Trouble Could Be Looming for Puerto Rico Bond Insurers
(DBN)

Stockton: Final bankruptcy ruling not likely this week
(DBN)

Franklin, Calpers Clash on Stockton Pension Issue
(DBN)

Lincoln Park emergency manager cancels council meeting
(DBN)

Boardwalk blues in Atlantic City
(DBN)

San Bernardino: Bankrupt city has austere budget for 2014-15
(DBN)

16 Cities Where Women Out-Earn Men
(DBN)

____________

Personal Finance:

Should You Buy Or Lease A Car?
(DBN)

____________

Food/Beverage:

Crumbs Cupcake Empire Collapses --- Shuttering all its stores
(DBN)

Move to liquidate contract winery
(DBN)

This Little-Known McDonald's Burger Is One Of The Best Deals In Fast Food
(DBN)

____________

Taxis:

Uber Cuts The Price Of An UberX By 20% In New York City, Making It Cheaper Than A Taxi
(DBN)

Uber's Fare War on New York Taxis Puts Million-Dollar Medallions at Risk
(DBN)

Grover Norquist thinks Republicans can ride Uber to power in urban areas
(DBN)

The War Between Taxis And 'Rideshares'
(DBN)

North Charleston taxicab company files for bankruptcy protection
(DBN)

____________

Celebs:

The Incredible Story Of How A Bankrupt And Unemployed Brian Williams Got His Big TV Break
(DBN)

Girls Gone Wild Founder Faces Fines for Keeping Bentley, Escalade
(DBN)

Bankruptcy filing raises concern at West Seattle Athletic Club
(DBN)

____________

Religion:

Pope Francis: Catholic sex abuse ‘like a sacrilegious cult’ that sacrifice boys and girls --- Pope Francis Begs Sex Abuse Victims For Forgiveness --- Pope Francis' Apology - Will "Forgiveness Movement" Reduce Litigation?
(DBN)

____________

Finance:

Lawrence Summers goes to bat for endangered Export-Import Bank
(DBN)

____________

Student Debt:

Student loan forgiveness may be coming
(DBN)

The Student Loan Strategy That Could Simplify Your Monthly Bills
(DBN)

____________

Telecoms:

Nortel's former European operations may be near a settlement in bankruptcy trial
(DBN)

____________

Currency:

Leaked Document Shows Mt. Gox Funds On The Move
(DBN)

____________

Education:

Wisconsin International School Considers Filing for Bankruptcy
(DBN)

For Profit College to Sell 85 Campuses
(DBN)

Who’s really benefiting from the GI Bill?
(DBN)

____________

Politics:

Elizabeth Warren, Pope Francis and Adam Smith --- Elizabeth Warren Takes Her Fight to the People --- Warren’s Presidential Pass Leaves Other White House Paths --- Obama ditching Hillary for 'Mini-Me' Elizabeth Warren: Edward Klein --- What's With This 'Obama Is Backing Elizabeth Warren Over Hillary' Story?
(DBN)

____________

Hollywood:

Hollywood Box Office Down 20%, Few Hits in Sight
(DBN)

____________

Ethanol:

An ethanol dream dashed six years ago turns to bankruptcy
(DBN)

____________

Healthcare:

Natchez: Commission pushing county, city commitments to help recruit director
(DBN)

Some Still Lack Coverage Under Health Law
(DBN)

____________

Shipping:

Genco’s Reorg Plan to Reduce Debt by Approximately $1.2 Billion
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (32 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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:

Commercial Bankruptcy Filings Drop 22% for the First Half of 2014
(DBN)

Bankruptcy Filing Trends in the Northern District of Ohio
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

DIP Finance:

Momentive seeks OK for arrangers of $250M second-lien exit facility
(DBN)

____________

Secured Debt:

Lien Stripping: Should a debtor's eligibility for a discharge be a factor?
(DBN)

____________

Insurance:

D&O Insurance: Excess Insurance Not Triggered Due to Insolvency of Underlying Insurer and Due to Insufficient Loss
(DBN)

____________

Fraud:

Madoff Trustee Suffers New Legal Setback in Global Money Hunt --- Judge: Madoff trustee can't chase foreign funds
(DBN)

Ex-Stockbroker Had A Feeling Investment Scam Was A FBI Sting, But Thought, ‘What The Hell, I’ll Give It A Shot’
(DBN)

____________

Prisons:

Bondholders says there’s no need for Wyatt receivership
(DBN)

____________

Autos:

GM resists more recalls
(DBN)

GM Gives 2 Million Pages in House Probe
(DBN)

Spyker fends off asset sales, but not out of trouble
(DBN)

____________

Aviation:

Air France-KLM Cuts Profit Goal on Overcapacity
(DBN)

Outsourced: United to Dump Union Workers
(DBN)

Terrifying moment planes almost collide at airport caught on video
(DBN)

____________

Banking:

Banks' Cuts Fall Short as Growth Stays Tepid
(DBN)

____________

Sovereigns:

Argentina: 'No third party judge is entitled to prevent bondholders from receiving payment' --- Kicillof meets Pollack requests 'stay' injunction to pay bondholders
(DBN)

Argentina's Euro Bondholders Dispute US Court Ruling --- EU holders of restructured Argentine bonds begin court actions in Belgium
(DBN)

Argentina Bond Holdouts to Form Group as Debt Talks Begin
(DBN)

Vulture funds 'open to compromise' with Argentina
(DBN)

Meet the Lawyer Who's Helping Argentina, Holdouts Negotiate a Settlement
(DBN)

Argentina's Kicillof to meet with special master in debt case --- Argentina Will Meet With Mediator, But Not Hedge Funds
(DBN)

We are negotiating. You are litigating. They are going for the eyes
(DBN)

Hedge fund mogul stands to make over 1600% return
(DBN)

Holdouts: taking on a sovereign
(DBN)

Argentine debt beef coming to a boil in US
(DBN)

Creditors offer Argentina breathing room --- Leading holdout hedge fund willing to give Argentina more time to negotiate
(DBN)

The Most Dangerous Politician In Latin America
(DBN)

BNY Mellon facing legal action by Argentine funds
(DBN)

Talks Lift Hopes of Small Argentine Bondholders
(DBN)

Argentina Needs YOU (And Everyone Else On Earth) To Help It Out Of A Little Jam
(DBN)

____________

UK:

Signs of company growth reach record high, say insolvency experts
(DBN)

United Kingdom sees surprise slump in May factory output
(DBN)

U.K. Financial-Fraud Cases to Go Ahead After Deal Over Legal Fees
(DBN)

____________

EU:

EC kicks off EU-wide interconnection of insolvency registers
(DBN)

Asset-buy plan only for an emergency: ECB's Lautenschlaeger
(DBN)

____________

PIIGS:

A Spanish Wi-Fi Star Implodes, Admitting Its Financial Reports Were Faked --- Shorting vigilante Gotham City pulls no punches --- Dear people of Spain, --- Spanish Bright Spot Shot as Gowex to File for Insolvency, CEO Quits on Fake Accounts --- Gowex's Four Year Lie --- Spain seeks to reassure investors following Gowex collapse --- Spain: Banks exposed to Gowex fraud --- Bankrupt Gowex Highlights Batman-Like Pursuits
(DBN)

Dunne’s US bankruptcy official seeks private hearing --- ' Insolvency rules helping those with money – not the poor'
(DBN)

____________

Canada:

Quebec cannot afford its public sector pension plans
(DBN)

Fairness Opinions and Plans of Arrangement: A Second Look
(DBN)

____________

France:

Europeans Fear France Could Threaten Recovery
(DBN)

____________

China:

China should let more ailing firms fail - deputy central bank governor
(DBN)

Chinese coal miner faces bankruptcy as cash supplies dwindle
(DBN)

____________

MENA:

Iraq Parliament Paralyzed
(DBN)

____________

Serbia:

Serbia restarts its only steel mill, hopes for an investor
(DBN)

____________

Hong Kong:

Workers' rights key for legislators in weighing up Hong Kong bankruptcy bill
(DBN)

____________

Netherlands:

Fewer bankruptcies in first half
(DBN)

____________

S. Korea:

Insolvency of Korean conglomerates worsens in 2013
(DBN)

____________

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