May 21, 2014

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Beyond Biglaw: The Biglaw Scarlet Letter
(DBN)

Patton Boggs Partners Begin Merger Vote
(DBN)

Deviations From The Norm: The Lawyer ‘Type’ And Legal Hiring
(DBN)

Business of Law
(DBN)

What can you learn from the Big 4
(DBN)

DLA partner in scandal: "I let myself, my firm and its clients down" --- What some deeply unoriginal sexist emails say about lawyers
(DBN)

Pricing, Profitability and Compensation
(DBN)

Law firms ready for Gen X, Y leaders, brace for Millennials
(DBN)

Patton Boggs voting on merger with Squire Sanders
(DBN)

Attorney Pleads Guilty For Filing Bankruptcy Case Without Debtor's Authorization Or Knowledge, Faces 5-Year Sentence
(DBN)

Law School Reforms Will Harm Law Students and the Legal Profession
(DBN)

Law School Rankings: U.S. News (Second Quartile) v. SSRN
(DBN)

InfiLaw Purchase Of Charleston Law Rejected By Licensing Committee
(DBN)

Short-Sighted Law School Seeks Long-Term Vision
(DBN)

Thanks, Dad, For Memorializing My Embarrassing Childhood Comments In F. Supp. 2d
(DBN)

Blackshear Fellowship Opportunities
(DBN)

What We Can Learn From The Diary A Lawyer Kept During The Great Depression
(DBN)

Possible Prostitute Patronage Puts Partner In Pickle
(DBN)

What Happened When A Scorpio Responded To The ‘No Scorpios’ Job Listing?
(DBN)

Here's The Gear You Need To Pack For Your Next Business Trip
(DBN)

Work 80 Hours A Week Without Burning Out
(DBN)

5 (Or More) Mac Apps to Ease Your Transition From Windows
(DBN)

Must-Have iPhone Travel Apps
(DBN)

Lawyers' Private Social Network Promises Anonymity
(DBN)

Lawyer who impersonated bar official in aid of law firm founder’s Ponzi scheme gets 5 years
(DBN)

Trigger Warning: Special Little Snowflake Ahead
(DBN)

US To Finally Disclose The Legal Justification Behind Drone Strikes On Americans
(DBN)

BOLO: Wang Dong
(DBN)

Cops: Strip Club Employee Gave Lewd Jail Show
(DBN)

Speeding lawyer dodges prison after knocking down and killing pensioner
(DBN)

"Leggy" lawyer lunches
(DBN)

6 Arrested and Forced to Repent For Trying To Spread Happiness
(DBN)

World's 'most expensive divorce' set to halve billionaire's fortune
(DBN)

Say What?!
(DBN)

______________

Judges:

Note to law students: No “trigger warnings” in Kopf’s court
(DBN)

Murder trial is stopped after judge spots court staff having sex
(DBN)

______________

Wall Street:

 

Stocks tumble on weak retail earnings
(DBN)

1277 Reasons To Fear A Market Correction
(DBN)

______________

Layoffs:

Recent Black College Grads Face Severe Underemployment
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Autos:

GM Recalls Another 2.4 Million Cars
(DBN)

GM's Switchgate May Impact Entire Industry
(DBN)

Are there any GM cars that haven't been recalled?
(DBN)

Fisker's New Owner: I'll Burn As Much Cash As It Takes To Succeed
(DBN)

____________

Fraud:

Scott Rothstein: Lawyer Christina Kitterman gets five years in prison for fraud
(DBN)

Ponzi schemer Scott Rothstein still a Florida registered voter
(DBN)

Trouble at TelexFree: Unraveling the Litigation
(DBN)

Sino-Forest creditors sue ex-chief for C$3bn over alleged fraud
(DBN)

____________

Electricity:

Lazard, FTI to Advise Creditors Committee in Energy Future Bankruptcy
(DBN)

Bankruptcy notice sent to TXU Energy customers just "informational"
(DBN)

Energy Future hit with make-whole litigation
(DBN)

Energy Future says it will file disclosure statement on June 13; “longer-term road map”
(DBN)

____________

Gambling:

Experts bet more Atlantic City casinos will fold
(DBN)

Hard Rock: Interested in Revel if price is right
(DBN)

____________

Celebs:

Michael Jace: Anger Issues, Financial Problems, Alleged History of Violence Surface --- Michael Jace Bankruptcy Case Revealed, Payments Stopped in July --- Michael Jace Murder Motive Uncovered? Actor Was $500,000 In Debt Following Bankruptcy Filing: Report
(DBN)

Real Housewives Of New Jersey Star Insults Network That Make Her Famous After Pleading Guilty To Fraud
(DBN)

____________

Economy:

Fed's Dudley signals support for reverse repo tool --- Fed’s Dudley: No One Can Say When the First Rate Increase Will Be
(DBN)

Fed’s Williams Says First Rate Hike Is Likely In Second Half Of 2015
(DBN)

Why interest rates will stay low for years
(DBN)

Yellen expands fed full-employment definition as disparity grows
(DBN)

Government Jobs: Slow Hiring + More Retirements = Tepid Recovery
(DBN)

Housing Makeover Downsizes GDP Growth Outlook
(DBN)

Tim Geithner Deserves to Be Heard --- Housing Crisis Was Overlooked
(DBN)

Philly Fed: State Coincident Indexes increased in 47 states in April
(DBN)

How to get people saving in America again? Obamacare for retirement accounts.
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing debt still traps 10 million Americans
(DBN)

Foreclosures may be driving the rise in suicides
(DBN)

Dudley: Why Housing’s Recovery Will Be Slower
(DBN)

To Get A Home in San Francisco, First Get A $200,000-A-Year Job
(DBN)

Plosser: Fundamentals of U.S. Housing Market Remain Sound
(DBN)

Apartments: Supply and Demand
(DBN)

Investor Demand High as Fannie Mae Sets Price Range for Risky Mortgage Securities
(DBN)

Ryerson, Indian Wells developer, files for bankruptcy
(DBN)

___________

Municipalities:

JPMorgan Chase & company investing $100 million in Detroit, official announcement expected Wednesday --- When Dimon called Gilbert: How a phone call led to $100M for Detroit
(DBN)

"Municipal Debtors: ' Cram Down ' of Special Revenue Debt"
(DBN)

Lawmakers delay initial vote on Detroit bankruptcy --- Detroit mayor backs bankruptcy bills, with tweaks
(DBN)

Koch brothers' group fights Detroit bankruptcy aid
(DBN)

Duggan, Jones testifying before committee weighing bankruptcy aid
(DBN)

Detroit retiree committee to host Q&A session on benefits plan voting
(DBN)

Detroit Police officers consider retiring over bankruptcy cuts
(DBN)

Detroit to would-be retirees: Leaving now won't save pensions from cuts
(DBN)

Answers to retirees' bankruptcy ballot questions
(DBN)

Retirees don't despair with bankruptcy ballot paperwork
(DBN)

Detroit: So Many Questions
(DBN)

Rebuilding Detroit, One Small Business at a Time
(DBN)

Should businesses donate to help Detroit through bankruptcy ?
(DBN)

Detroit needs jobs for Detroiters
(DBN)

RI House speaker to meet with bond rating agencies
(DBN)

Taking New York Back to the Bad Old Days
(DBN)

How Far Your Paycheck Goes, In 356 U.S. Cities
(DBN)

____________

Finance:

Debt Rises in Leveraged Buyouts Despite Warnings
(DBN)

____________

Corporate Reform:

Will Other Banks Face Same Fate as Credit Suisse?
(DBN)

BNP Falls as U.S. Probe Said to Cost More Than $5 Billion
(DBN)

Credit Suisse guilty plea has little immediate impact as shares rise --- Credit Suisse still too big to jail despite guilty plea --- Mixed Signals in a Corporate Felon's Punishment
(DBN)

Credit Suisse CEO Brady Dougan Nearly Lost Job During Tax Probe
(DBN)

____________

Retailing:

On sale: 15 retail stocks getting slammed
(DBN)

Urban Outfitter shares take a spill
(DBN)

Dick's Sporting Goods Is Collapsing
(DBN)

TJX Falls Most in Five Years After Profit Trails Estimates
(DBN)

Target faces identity crisis
(DBN)

____________

Personal Finance:

4 Ways To Triage Your Money After A Financial Setback
(DBN)

____________

Telecoms:

Nortel's body lies a mouldering in the grave but the lawyers keep marching on
(DBN)

____________

Coal:

Walter Energy Might be the Next Coal Company to Keel Over
(DBN)

____________

Mass Torts:

Rep for future claimants supports deadline for asbestos claims against Garlock
(DBN)

____________

Education:

Map: The Most Selective College In Each State
(DBN)

Here’s how much your high school grades predict your future salary
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Waivers:

In re Bay Club Partners-472, LLC: Court Invalidates Bankruptcy Waiver in LLC Operating Agreement
(DBN)

____________

Credit Bidding:

Credit-Bidding Updates: Fisker and Free Lance-Star
(DBN)

____________

Recharacterization:

Bankruptcy Court Shields Equity Sponsors Serving as Secured Lenders from Individual Creditor Seeking to Litigate Subordination and Recharacterization Claims Released by the Debtor
(DBN)

____________

Claim Allowance:

Original Issue Discount in a Fair Market Value Exchange Is an Allowable Claim in Bankruptcy
(DBN)

____________

Fiduciary Duty:

The Rural/Metro Decision and its Relevance to Reorganization
(DBN)

____________

Insiders:

Affiliates and Insiders: Is A Limited Liability Company A Corporation (And Who Cares)?
(DBN)

____________

Exemptions:

Debtor's Estate Set to Expand or Contract Based on Supreme Court Ruling in Clark v. Rameker
(DBN)

____________

Recent Pleadings:

 

______________

TBTF:

Big banks are riskier than ever, says FDIC vice chair
(DBN)

____________

Privilege:

Attorney-Client Privilege Following Corporate Dissolution
(DBN)

____________

Tax:

Tax Havens (Other than Switzerland) Feeling the Heat From Tax Collectors
(DBN)

Credit Suisse is Latest Swiss Bank Humbled by U.S. Tax-Evasion Crackdown
(DBN)

Dems Proposal on Tax Avoidance Misses Real Problem
(DBN)

____________

Tech:

Cisco CEO: 'Brutal' Times Are Coming For The Tech Industry
(DBN)

____________

Oil/Gas:

Judge Confirms Tuscany Drilling Sale to Lenders - No Competing Bids Were Made at Auction
(DBN)

____________

Shipping:

Arrested ship sold for $61m
(DBN)

____________

Student Debt:

Q&A: Elizabeth Warren on Spiraling Student Debt and What Should Be Done About It
(DBN)

17 Tips For Quickly Paying Down Student Loans, From Someone Who Paid Off $74,000 In 2 Years
(DBN)

____________

Brokers:

Corzine's ambition led to MF Global demise: Flowers
(DBN)

____________

Weather:

CA: Drought Could Cost Farms $1.7bn
(DBN)

____________

UK:

BOE’s Bean Says Crisis Shows Worse Things Can Happen Than You’d Imagine
(DBN)

David Cameron agrees house prices are biggest risk to UK recovery
(DBN)

Bank of England's Bean sees echoes of crisis build-up in markets
(DBN)

UK Retail Sales Explode
(DBN)

____________

EU:

Euro-Zone Bond Selloff Continues
(DBN)

European Regulators Accuse 3 More Banks of Manipulating Interest Rates
(DBN)

____________

PIIGS:

David Drumm 'hid assets to avoid his debts' --- Drumm facing litany of fraud allegations at bankruptcy trial --- Drumm to testify at US bankruptcy court --- Dunne accused of 'wild goose' chase in US court
(DBN)

____________

Canada:

Contingent Liabilities Revisited: In Re Nortel; In Re Lehman
(DBN)

____________

Asia:

Restructuring Boom could Boost Asian Private Equity Dealflow
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2014