June 5, 2014

The Daily Bankruptcy News

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Law:

Gibson Dun Adds Restructuring Partner In Los Angeles
(DBN)

Drinker Biddle doubles size of Wilmington office
(DBN)

Business of Law -- Business of Law (2)
(DBN)

French bank reportedly cited legal memo by ‘well-respected’ US law firm in plea negotiations
(DBN)

The Unemployable Unemployed
(DBN)

Was Charleston law school a cash cow or is it bleeding red ink? Finances at issue before sale vote
(DBN)

Two Texas lawyers face felony barratry case
(DBN)

Former Sarasota bankruptcy attorney arrested
(DBN)

Are Law Firm Websites Evolving Or Dying?
(DBN)

How Alcohol Can Help You Network
(DBN)

Paul Hastings lawyer warns of aggressive US law departments
(DBN)

The larger the firm, the more the client pays
(DBN)

Unemployed lawyer launches hunger strike on SCOTUS sidewalk to promote Internet privacy
(DBN)

6 Subtle Things Highly Productive People Do Every Day
(DBN)

How To Make Traveling Cheap, Quick, And Easy
(DBN)

The Only 3 Accessories Men Can Get Away With --- 7 Items Every Guy Should Have In His Gym Bag
(DBN)

Lawyers Fined for Tweets Critical of Kingdom’s Justice System
(DBN)

Veteran lawyer fined $1K for using b-word to describe trial court in contempt-case appeal
(DBN)

Apple Didn't Even Announce the Most Useful New iOS 8 Feature
(DBN)

From Pope Francis: How Is Jesus Like A Criminal Defense Lawyer?
(DBN)

Wait, Wait, the NRA Didn't Mean to Call Rifle-Toting Members 'Weird' After All
(DBN)

Newlyweds Spend Their Wedding Night in Jail
(DBN)

Boko Haram Militants Raided Four Nigerian Villages, Slaughtering 'Hundreds' Of Civilians
(DBN)

24 Middle School Students Suspended For Sharing A Facebook Post About The School Dress Code
(DBN)

Say What?!
(DBN)

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Judges:

Appeals Court: Rakoff Erred in Blocking SEC, Citigroup Deal
(DBN)

Feds seek ‘very substantial’ sentence for corrupt judge who had ‘enormous power’ in his county
(DBN)

Judges should admit goofs instead of quietly revising opinions, says 9th Circuit judge
(DBN)

Judge Suspended Over Rape Remarks
(DBN)

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Wall Street:

US futures hold steady
(DBN)

US stocks edge higher; S&P hits another record
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Finance:

Unitranche Credit Facilities: An Untested Trend Gains Traction
(DBN)

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Coal:

Why Coal Stocks Have Been Crashing
(DBN)

The Clean Unclean Facts About Coal
(DBN)

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Oil/Gas:

Adverse ruling in CIRI dispute pushes Buccaneer into bankruptcy filing --- Officials Consider Rig Options After Buccaneer Bankruptcy
(DBN)

3 Major Red Flags About The Staying Power Of America's Fracking Boom
(DBN)

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Food/Beverage:

Mi Pueblo officially emerges from bankruptcy --- Chavez out as Mi Pueblo CEO, successor named
(DBN)

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Retailing:

A String of Mistakes Could Mark the End of Sears Holdings Corp
(DBN)

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Agriculture:

Choice Genetics USA Files Plan of Reorganization
(DBN)

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Celebs:

Teresa Giudice Sought Guidance From a Medium After Fraud Charges --- RHONJ Joe And Teresa Giudice Snub Bravo!
(DBN)

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Nonprofits:

Metro Milwaukee's YMCA Launches Chapter 11 Restructuring --- Will sell real estate
(DBN)

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Shipping:

Ship Owner: Arrest of Vessel Over Bunker Dispute is Unlawful
(DBN)

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Festivals:

Report Says Houston iFest Group Will File for Bankruptcy This Week
(DBN)

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Newspapers:

Block Communications to lay off hundreds at newspapers in Pittsburgh, Toledo
(DBN)

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Opera:

A Third-Act Twist for the San Diego Opera
(DBN)

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Economy:

US trade gap widens as Americans buy more imports
(DBN)

U.S. Workers' Productivity Falters
(DBN)

ADP report: US private firms added 179K jobs in May --- Weak ADP Report Shows Housing Is Still No. 1 Problem for Economy
(DBN)

ISM Non-Manufacturing Index increased in May to 56.3
(DBN)

The Downward GDP Revisions Have Begun
(DBN)

Fed Saw Modest to Moderate Growth as Labor Market Improved
(DBN)

US trade gap widens for 5th straight month in April
(DBN)

Meet the Uber Rich
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fed's Beige Book: Non-residential construction activity picking up, Residential is Mixed
(DBN)

Dispute with contractor leads to bankruptcy filing for Wichita developers’ project
(DBN)

Willis Tower Said to Seek Loan Modification
(DBN)

Medline Industries closes $7.1M bankruptcy acquisition of Triad Group
(DBN)

The American Dream Is Alive—and It's Really, Really Tiny
(DBN)

A Tidal Wave Of Millennials Could Unlock The US Housing Market
(DBN)

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Municipalities:

Creditors ask judge to delay bankruptcy hearing, claim Detroit slow to share information --- Creditors seek to delay Detroit bankruptcy trial until fall
(DBN)

Detroit's 'grand bargain' sweeps ahead
(DBN)

No "grand bargain" for Detroit's water department, as Orr considers private bids
(DBN)

Snyder last summer: State won't issue Detroit funds to payoff debt
(DBN)

Schuette response sought on Michigan's liability regarding Detroit pensions
(DBN)

DIA millage renewal bill not included in Senate-approved bankruptcy package
(DBN)

Detroit city council to vote today on transfer of DIA assets, city budget
(DBN)

The DIA on the Grand Bargain Legislation: Museum exec explains what’s next
(DBN)

Pension expert defends Stockton’s decision to pay CalPERS while cutting payments to creditors
(DBN)

Stockton's bankruptcy trial nearing the end --- Testimony complete; bankruptcy ruling due in July
(DBN)

Stockton Seeks to End Bankruptcy After 2 Years of Talks
(DBN)

Cash-strapped Upland begins search process for interim city manager
(DBN)

Kentucky's big pension mess
(DBN)

KY has already spent $1.2 million trying to force charitable agency to remain in the public pension system
(DBN)

Pittsburgh City council gets set to tackle plan for recovery --- Council delays vote on 5-year Act 47 plan
(DBN)

PA: House passes distressed cities bill
(DBN)

The Top 10 Cities For Recent Grads
(DBN)

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Telecoms:

Personal Communications Devices Joint Liquidating Plan Becomes Effective, Electronic Balloting Key Factor
(DBN)

Judge Warns Harbinger Not To Keep Her Informed Via Newspaper
(DBN)

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Autos:

GM to unveil details of Valukas recall probe --- Seeking Answers From Valukas Report --- GM probe to shine harsh light --- GM recall probe to clear senior execs, finds no concerted coverup
(DBN)

GM Investigation Presents Moment Of Truth For CEO Mary Barra
(DBN)

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Compensation:

Here's How Much The Average Money Manager At A Hedge Fund Made Last Year
(DBN)

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Consulting:

Craft International files for bankruptcy amid ownership dispute
(DBN)

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Movie Reviews:

“Citizen Koch”
(DBN)

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Art:

Delaware Art Museum's Planned Sale of Homer Work To Pay Debt Draws Ire
(DBN)

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Electricity:

Bankrupt Energy Future and creditors to clash over loans, value
(DBN)

Parties agree to September trial on EFIH first-lien make-whole claim
(DBN)

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Apparel:

Subpoena served in Hardwick Clothes case
(DBN)

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Fraud:

New Jersey Woman Accused Of $42 Million Ponzi Scheme
(DBN)

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Tax:

U.S. Sues Tax Lawyer for Aiding Unlawful Shelter Schemes
(DBN)

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New Bankruptcy Opinions
(1 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

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Bankruptcy Statistics:

900,000 Bankruptcy Filings This Year, Maybe
(DBN)

May Bankruptcy Filings Decrease 11 Percent from Previous Year, Business Filings Decrease 21 Percent
(DBN)

Updated AZ BK Filing Statistics
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

ABI/Illinois Symposium -- Now on Video!
(DBN)

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Cross-Border:

Misconduct Not a Cause to Terminate Recognition in Chapter 15
(DBN)

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Avoidance Actions:

Eighth Circuit Expands Subsequent New Value Preference Defense in Cases Involving Three-Party Relationships
(DBN)

Fourth Circuit Weighs In on Good- Faith Defense to Avoidance of Fraudulent Transfer
(DBN)

Taking Sides - Lyondell Limits the Use of the Section 546(e) Safe Harbor in Fraudulent Transfer Litigation
(DBN)

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Plan Confirmation:

Recent Bankruptcy Court Decision Renews Debate over Artificial Impairment
(DBN)

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DIP Finance:

DIP Dimensions: Generating Sparks
(DBN)

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Automatic Stay:

Lawyer Acting at Judge's Behest Denied Immunity
(DBN)

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Recent Pleadings:

Garlock Asbestos Claimants Try To Turn The Tables --- The Brief
(DBN)

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Aviation:

American Airlines' Retirees Are Furious Over Changes to Their Flight Benefits
(DBN)

Navigating Financial Turbulence - Preserving Air Carrier Certificates in Chapter 11
(DBN)

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Healthcare:

Bed-Stuy's Interfaith Medical Center to remain in operation --- Interfaith Hospital Restructured, Cleared of Bankruptcy
(DBN)

Bankruptcy judge impatient in Deer Meadows case
(DBN)

70 billion reasons why Medicare Advantage just got harder to defend
(DBN)

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Alternative Energy:

Waimea biomass plant up for online auction
(DBN)

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Mass Torts:

Fifth Circuit declines to create ‘new rule’ in asbestos case over bar date
(DBN)

Judge denies some West Virginia spill company fees --- Judge denies more than $1M in fees for Freedom Industries' lawyers
(DBN)

Freedom cleanup budget under seal
(DBN)

Meet the lawyer who decides what a life is worth
(DBN)

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Student Debt:

Elizabeth Warren Seeks Support For Student Loan reform
(DBN)

Rep. Tom Petri discusses his legislation and other proposed remedies before Congress aimed at the student debt crisis
(DBN)

The Only Way To Get A Better Interest Rate On Your Student Loans
(DBN)

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Awards:

Sheppard Mullin Partner Carren Shulman Elected Member Of International Insolvency Institute
(DBN)

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Batteries:

Exide Technologies receives approval for credit agreement
(DBN)

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UK:

Government-owned 'bad bank' UKAR issues mortgage arrears warning
(DBN)

UK Home Prices Go Nuts
(DBN)

British grocer Morrisons may cut 2,000 jobs in restructuring
(DBN)

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PIIGS:

Drumm bankruptcy trial hears closing statements --- David Drumm’s lawyers accuse bank of ‘witch-hunt’ --- Quinn family’s explanations for transactions ‘improbable’ --- Drumm 'clearly showed intent to defraud', Anglo attorney tells court --- Drumm showed ‘disdain’ for US bankruptcy rules, court hears --- Insolvency Services gear up for rise in workload --- Large take-up expected for new fast-track insolvency agreements
(DBN)

Last tranche of Portugal’s bailout at risk because of austerity ruling
(DBN)

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France:

Vivarte lenders propose 2 bln euro restructuring
(DBN)

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