May 5, 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:

J. Scott Victor on the Rural/Metro Ruling --- Mark Roe --- Harvey Miller --- Anders J. Maxwell
(DBN)

Diamond McCarthy, Already Involved in Dewey, Takes on Heller, Opening San Francisco Office
(DBN)

Defunct law firm isn't entitled to profits from hourly-fee cases taken to new firms, ABA brief says
(DBN)

Venture capitalists skip law firms for legal services startups
(DBN)

Legal Sector Shed 1,200 Jobs in April
(DBN)

Business of Law
(DBN)

In bankrupt law firm case ABA argues that clients, not lawyers, own their legal matters
(DBN)

Law firms add coaches to their staffs
(DBN)

Lateral hiring drops again in 2013
(DBN)

Civility oath requires new California lawyers to pledge to behave with dignity
(DBN)

All Lawyers Lie, Depending On Your Point Of View
(DBN)

Biglaw Blind Item: A Managing Partner Who Needs To Manage His Drinking
(DBN)

Using Your Middle Initial Makes You Sound Smarter
(DBN)

2 new tools allow you to compare major firms’ billing rates
(DBN)

Firms raise partners’ contributions, delay payback
(DBN)

Harvard Law is on list of 55 schools being investigated for sexual-assault policies
(DBN)

Visual law services are worth a thousand words—and big money
(DBN)

When it vereins, it pours
(DBN)

What will you do with your life post-retirement?
(DBN)

Working Late Is NOT An Excuse To Treat Yourself
(DBN)

The Illusion of Leisuretime
(DBN)

Students at 24 California community colleges are offered a ‘smoother pathway’ to law school
(DBN)

Law School Loves That You’re Bad At Math
(DBN)

Donald Sterling Breaks His Silence: 'I Wish I Had Just Paid Her Off' --- V Stiviano: Donald Sterling 'Not Racist' --- Sterling's Tarnished Silver --- The NBA Constitution Is Not A Suicide Pact
(DBN)

Best Smartphones
(DBN)

Responsive websites may not be the way forward for firms
(DBN)

Silicon Valley lawyer creates another social network for lawyers
(DBN)

MoFo starts Twitter feed to promote its female lawyers
(DBN)

The tortuous tale behind the 10th edition of the most widely cited lawbook in the world
(DBN)

Stop Embarrassing Yourself: Here's How To Wear Colors Without Clashing
(DBN)

Ben Affleck Under Investigation In Las Vegas For 'Card Counting'
(DBN)

The meteoric, costly and unprecedented rise of incarceration in America
(DBN)

New Orleans: Deal to stay out of federal court ends disciplinary action for ex-prosecutors Jan Mann and Sal Perricone
(DBN)

Airlines and World Trade Center leaseholder don’t have to pay cleanup costs for 9/11 attacks
(DBN)

White-collar criminal defense lawyer is shot by man posing as police officer
(DBN)

Billionaire Gets Into Fist Fight With Close Friend Right Out In The Middle Of The Street
(DBN)

Horrifying Audio of Man Killing Unarmed Teens Released By Court
(DBN)

Watch A Bunch Of Hyper 3rd Graders Tackle Jury Duty
(DBN)

Which groups do criminals target? Not who you might think
(DBN)

______________

Judges:

US Bankruptcy Court for Arizona gets a new judge
(DBN)

Chattanooga Senior Bankruptcy Judge John Cook Is Retiring; Applications Being Taken For His Replacement
(DBN)

Koschik appointed new bankruptcy judge in Akron
(DBN)

President Obama Nominates Bankruptcy Judge Pamela Pepper to Serve on the United States District Court for the Eastern District of Wisconsin
(DBN)

Liberal Supreme Court Justice Comes To The Defense Of Scalia
(DBN)

‘Sovereign citizens’ plaster courts with bogus legal filings—and some turn to violence
(DBN)

Experts sound off once again on Justice Thomas’ silence
(DBN)

The Supreme Court’s Real Technology Problem: It Thinks Carrying 2 Phones Means You’re A Drug Dealer
(DBN)

Man held in fatal hit-and-run of federal judge's son, police say
(DBN)

Former Justices Aren't Above Playing Politics
(DBN)

______________

Wall Street:

US futures decline amid Ukraine worries; Dow Jones down 0.36%
(DBN)

Markets Are Going Down
(DBN)

Stocks close lower despite surprisingly strong jobs report
(DBN)

______________

Layoffs:

Participation Rate: Trends and Cohorts
(DBN)

Goldman Sachs on the Labor Force Participation Rate
(DBN)

What's the Real Unemployment Rate?
(DBN)

Americans Are Giving Up the Job Search
(DBN)

The other unemployment crisis: Teenagers are being left out of the recovery
(DBN)

New York Bankruptcy Court Strikes Defenses to Federal and State WARN Acts
(DBN)

How To Answer The ‘Tell Me About Yourself’ Interview Question
(DBN)

The Biggest Jobs Report Conspiracy Just Got Destroyed
(DBN)

Pentagon, lawmakers approve plan to cut thousands of American troops
(DBN)

Study: With good jobs scarce, more twenty-somethings use the Army as a last resort
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

Direct Air owner files for bankruptcy
(DBN)

Spy Plane Fried Air Traffic Control Computers, Shut Down LAX
(DBN)

Alitalia, Creditors Working On Plan To Woo Etihad At Key Meeting
(DBN)

Woman gives birth aboard plane
(DBN)

The Residence: Airline Reveals Mindblowingly Luxurious Flying Apartment With Bathroom, Bedroom, Chef, And Butler
(DBN)

____________

Video Games:

Debate over 38 Studios bond default to heat up
(DBN)

____________

Banking:

Unofficial Problem Bank list declines to 509 Institutions
(DBN)

____________

Education:

Residents Skeptical About City's Intentions for Morris Brown
(DBN)

____________

Economy:

U.S. Jobs Growth Jumps --- April Employment Report: 288,000 Jobs, 6.3% Unemployment Rate --- The hidden weakness in this month’s jobs report --- About That Jobs Report.. Maybe it Wasn't So Great --- A Jobs Report Dickens Could Love --- 5 Cautionary Signs in April Jobs Report --- Strong Job Creation, Weak Stock Market
(DBN)

Merrill: Q1 GDP now tracking negative 0.4% --- Why the first-quarter GDP may get even uglier
(DBN)

US Factory Orders Up
(DBN)

Is the Fed near its target?
(DBN)

Fed's Fisher Says It Is Too Soon for Talk of Rate Increases
(DBN)

Here's How Much Money Someone Has To Make To Be In The 1%
(DBN)

What It Means To Be Middle Class Today
(DBN)

Fed: Poor Falling Behind Rest of US
(DBN)

Inequality Has Been Going On Forever ... but That Doesn't Mean It's Inevitable
(DBN)

Warren Buffett Lost $132 Million On Financial Weapons Of Mass Destruction
(DBN)

Basic Facts About the American Economy
(DBN)

Aging Boomers Become Roommate Generation
(DBN)

Krugman: Why Economics Failed
(DBN)

Theory: When Recovery Follows Austerity
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama
(DBN)

Who pays the most income taxes? You'd be surprised
(DBN)

The Simple Reason Interest Rates Continue To Be Absolutely Rock Bottom
(DBN)

The Countries Where It's Easiest To Become A Self-Made Billionaire
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Recent Decision Underscores Difference in Treatment of Landlord Claims Arising Under Section 503(b) versus 365(d)(3)
(DBN)

Lawler on New Homes: Sales will probably move higher over the course of 2014, Prices will not
(DBN)

Are mortgage lenders finally lowering their standards? Not so much.
(DBN)

Why Your Home Is Not A Good Investment
(DBN)

The New Math of Renting vs. Buying
(DBN)

Why thousands of homeowners are getting money for mortgage abuses they never suffered
(DBN)

Ohio Foreclosures in the Post Schwartzwald Era
(DBN)

Mayor Bill De Blasio Set To Unveil Affordable Housing Plan
(DBN)

Judge: Bankrupt Phoenix real-estate investor did not disclose assets
(DBN)

Billionaire Greene buys West Palm Beach properties at 77% discount to foreclosure
(DBN)

Hedge fund manager buys America's priciest home
(DBN)

____________

Municipalities:

Detroit Retired City Employees Association supports bankruptcy plan ---Detroit Reaches Tentative Agreement With Retirees Association --- Detroit retiree group agrees to 4.5% pension cut
(DBN)

Detroit bankruptcy coming down to the wire
(DBN)

Kevyn Orr Speaks: A full transcription of remarks at the American Bankruptcy Institute
(DBN)

Judge to see city's plan to emerge from Chapter 9
(DBN)

Calpers weighs in on Detroit pension debate
(DBN)

Detroit News urges Lansing to fund “grand bargain”, Koch Brothers lobby against it
(DBN)

Snyder: Detroit should have oversight committee post-bankruptcy
(DBN)

Drip by drip: Region's water challenges --- Metro water group calls Detroit's regional proposal 'viable solution'
(DBN)

Shamokin, Pennsylvania is so broke that city hall's gas was cut off
(DBN)

Pennsylvania city seeks state crutch that's hard to cast off --- 'Financially distressed' Pa. cities seek exit from Act 47
(DBN)

____________

Social Media:

LinkedIn Revenue Forecast Trails Estimates as Growth Slows
(DBN)

____________

Print Media:

If Newspapers And Magazines Think Life Is Tough Now, They Won't Want To See What Happens Next...
(DBN)

____________

Autos:

GM Proposes Treating Injury Victims Equally, Plaintiffs' Attorney Says --- GM Adviser, Attorney Spar on Compensation Plan
(DBN)

A risky move? GM heads to bankruptcy court in effort to head off ignition class actions --- GM tackles 300 wrongful death and injury claims --- Judge will consider whether GM committed bankruptcy fraud --- GM Judge Inclined to Have Switch Probe on Expedited Basis
(DBN)

GM Judge Bars Probe Until Preliminary Issues Evaluated
(DBN)

Judge Hears Argument by Owners of GM Recall Cars --- Judge Urges General Motors to Settle in Faulty Ignition Switch Case --- GM begins discussions to settle ignition lawsuits --- GM Adviser Calls Talks With Accident Lawyers 'Very Preliminary' --- GM Adviser Says Carmaker Agreed to Nothing on Settlements
(DBN)

GM Seeks Bankruptcy Court Protection Against Lawsuits
(DBN)

Carmakers' Summer Plans: Back to Bankruptcy?
(DBN)

GM's Barra Uses Crisis To Spur Broader Change
(DBN)

Fisker creditors want own liquidation plan
(DBN)

____________

Resorts:

Colony trustee considers sale of assets; legal landscape shifting
(DBN)

____________

Photography:

Buyer snaps up bankrupt Calumet Photographic
(DBN)

____________

Finance:

Borrowing Cash to Buy Complex Assets Is In Vogue Again
(DBN)

____________

Alternative Energy:

Fuel-Cell Producer ClearEdge Power Files for Bankruptcy
(DBN)

Plug Power Inc, Ballard Power Systems Fall On ClearEdge's Bankruptcy News
(DBN)

Sunways AG announces sale of solar inverter business
(DBN)

____________

Asset Protection:

The Asset Protection Kit Scam Continues To Lure Suckers
(DBN)

____________

Mass Torts:

New York Appeals Court Sustains Asbestos Plaintiffs’ Direct Suit against Liability Insurer of Dissolved Corporate Defendant
(DBN)

Judge has concerns with Freedom’s legal fees
(DBN)

____________

Consultants:

FTI Consulting Beats on Earnings & Revs in Q1
(DBN)

____________

Golf:

Forest Oaks Country Club reopening
(DBN)

____________

Fraud:

A Fraud Case Offers a Cautionary Tale of Finance
(DBN)

____________

Environmental:

GSE Environmental files for Chapter 11 bankruptcy protection
(DBN)

____________

Health and Beauty:

Lisa Price: Carol's Daughter Isn't Bankrupt --- Jada Pinkett-Smith and Lisa Price address Carol’s Daughter bankruptcy
(DBN)

____________

New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Hawaii: Bankruptcy filings across state fall for 10th consecutive month
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Cravath: Recent Developments in Bankruptcy Law
(DBN)

____________

Art:

“Release the Kraken” II: For Want of a Lien, the Botticelli Could Be Lost. . .
(DBN)

____________

Personal Bankruptcy:

Confronting the Challenges Arising in Individual Chapter 11 Bankruptcy Cases
(DBN)

____________

Claims Trading:

Claims Trading: Taking The Good With The Bad
(DBN)

Beware the 'Meridian Sunrise' - District Court Rules Investment Funds Are Not 'Financial Institutions' Under Loan Transfer Restrictions
(DBN)

____________

Professional Compensation:

Massive Bankruptcy Attorneys' Fee Award Upheld on Appeal
(DBN)

____________

Credit Bids:

Delaware Bankruptcy Court Limits Credit Bid of Senior Secured Creditor to Promote Competitive Asset Auction
(DBN)

____________

Interest:

Prepetition Default Interest - Take Nothing for Granted
(DBN)

____________

New: Take Our Credit Bid Survey

Celebs:

Janice Dickinson's plastic surgery bills wiped out as California court discharges debts totaling up to $1 million
(DBN)

____________

Electricity:

Energy Futures Holdings' bankruptcy prompts worries
(DBN)

Overflow crowd shows up for first Energy Future Holdings bankruptcy hearing --- Texas' Energy Future, creditors square off in bankruptcy hearing --- Amid first-day squabbles, Energy Future DIP nets interim OK
(DBN)
(DBN)

EFH bankruptcy breaks records
(DBN)

Energy Future's revamp may put new Oncor owners under microscope
(DBN)

Energy Future Holdings Receives Court Approval Of First Day Motions
(DBN)

Energy Future Parts Crowd to Get Early Bankruptcy Financing
(DBN)

Why are private-equity firms behind Energy Future deal the only ones coming out OK?
(DBN)

Inside the negotiations over Energy Future Holdings' breakup
(DBN)

The Fracking Boom and the Fall of a Texas Utility
(DBN)

What, me worry? Consumers don't suffer from EFH troubles
(DBN)

____________

Tax:

Whose Refund Is It? Ninth Circuit Holds Tax Refund Belongs to Bankruptcy Estate of Bank Holding Company, Not to Receivership Estate of Subsidiary Bank
(DBN)

Switzerland Urges Fair Treatment for Banks
(DBN)

U.S. Firms With Irish Addresses Get Tax Breaks Derided as 'Blarney'
(DBN)

____________

Corporate Governance:

Warren Buffett Has Some Interesting Views On Boards And Corporate Governance
(DBN)

____________

Telecoms:

Forward Motions: LightSquared to Make Case for Bankruptcy-Exit Plan
(DBN)

A Fight Over Voting Rights Goes to Bankruptcy Court
(DBN)

____________

Currency:

MtGox's Founder Jed McCaleb Lost $50,000
(DBN)

Proposal Made for Restarting the Mt. Gox Exchange
(DBN)

____________

Healthcare:

The last-minute Obamacare shoppers were bargain hunters
(DBN)

Obamacare: You still can't fix stupid...or make it pay
(DBN)

____________

Fishing:

Pescanova's creditors back debt restructuring plan
(DBN)

____________

IP:

U.S. Bankruptcy Laws May Prevent a Patent Licensor from Using Foreign Bankruptcy Proceedings to Cancel Patent Cross-Licenses and Impose New Royalty-Bearing Licenses
(DBN)

____________

Religion:

Claimants resist as Milwaukee bankruptcy inches forward
(DBN)

____________

Bankruptcy Crimes:

Liberty man indicted in $6.2M Ponzi scheme
(DBN)

____________

UK:

Popularity of UK Scheme of Arrangements to Restructure Foreign Companies Continues — Boundaries of Application Further Extended
(DBN)

Hull MP leads delegation over Insolvency Office closure
(DBN)

____________

EU:

EU Cuts Euro-Area Growth Outlook as Inflation Seen Slower
(DBN)

____________

PIIGS:

Portugal passes its final bailout audit; on road to recovery --- Portugal Plans to Exit Bailout --- Portuguese yields dip as Lisbon pledges "clean" bailout exit
(DBN)

Bank of Italy warns of ‘fragile’ recovery
(DBN)

____________

Ukraine:

Kiev's Grip on East Loosens Further --- Ukraine Separatists Stormed Police HQ --- The CIA And FBI Are Reportedly Advising Ukraine As Pro-Russia Separatists Spread Across The Country --- 70% Of Southeast Ukraine Opposes What Could Happen Next With Russia --- Russian bombers, fighter jets 'seen over Crimea' --- The Mob Now Rules Eastern Ukraine --- Ukraine Is Moving Special Forces To Control The Country's Southwest --- Odessa Jewish community mulls emergency evacuation
(DBN)

____________

Brazil:

Batista Re-elected as OGP Chairman
(DBN)

____________

Mexico:

Homex Reaches Deal to Give Unsecured Creditors Most of Equity
(DBN)

____________

China:

Chinese Manufacturing Continues To Contract
(DBN)

____________

Poland:

Company bankruptcy rate falling in Poland
(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