May 7, 2014

The Daily Bankruptcy News

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Law:

ABA Joins Battle Over Dead Law Firm Profits
(DBN)

Howrey Trustee Cuts $4.2 Million Deal With Ex-Partners
(DBN)

Biglaw’s Eroding Edge (Part 2)
(DBN)

America's Taxpayers Are Footing The Bill For Massively Overpriced Law Schools
(DBN)

As Law Schools Recover, Online Learning Part Of The Equation
(DBN)

Again With The Law School Rankings: Winners, Losers, Critics, And U.S. News
(DBN)

Summer Associate Trivia Showdown
(DBN)

Former Detroit mayor Dennis Archer to lead law school financing task force
(DBN)

Competitive Intelligence & Law Firms: An Integral Part of the Legal Business
(DBN)

Law School Has 3L Football Agent? Yes, One More Law Grad Employed In A ‘JD Advantage’ Position!
(DBN)

For America’s Oldest Law Firm, Longevity is a Selling Point
(DBN)

Do Girls Like Guys In T14 Law Schools?
(DBN)

That signature moment - Can your paralegal ethically sign for you?
(DBN)

Apple P--- Guy Wants To Marry His P--- Filled Computer — Let’s All Laugh At His Motion
(DBN)

Shocking Testimony! Literally — Lawyer Administers 750-Volt Shock To Witness
(DBN)

Donald Sterling Goes Law Firm Shopping
(DBN)

More girls abducted by militants for attending school --- Girl Describes School Kidnapping — 276 Of Her Classmates Are Still Missing
(DBN)

Cops: Wedding couple are caught having s-- on church lawn
(DBN)

Drunk Woman Busted Having Sex on Flight that her Parents Were Also On
(DBN)

Pistorius Accused Of Making Sinister Remark To Witness
(DBN)

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Judges:

Remembering Bankruptcy Judge Larry Kelly
(DBN)

New phrase in hiring SCOTUS clerks: the "Full Kagan"
(DBN)

Nearly All Of The Biggest Supreme Court Decisions Are Upcoming Business Cases
(DBN)

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Wall Street:

U.S. Stock -Index Futures Little Changed
(DBN)

Wall St. falls in broad selloff
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

Nortel’s Hush-Hush $7.3 Billion Court Fight
(DBN)

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Photography:

Calumet Photographic Sold to C&A Marketing
(DBN)

Walleye Technologies, maker of a camera that sees through walls, files for bankruptcy
(DBN)

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Bankruptcy Crimes:

Bujak federal trial set to start
(DBN)

Bujak: Rolex was a victim of divorce
(DBN)

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Mass Torts:

Secrecy Crumbling As Judge Gives Ford, Insurers Access To Asbestos Files
(DBN)

NECC seeks $100M bankruptcy deal after meningitis outbreak
(DBN)

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Religion:

Milwaukee Archdiocese cemetery trust bankruptcy case arguments on June
(DBN)

Post-discharge sex abuse suit filed against Portland church
(DBN)

Archbishop Says the Vatican Has Punished Thousands of Priests
(DBN)

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Private Equity:

Supreme Court Declines to Hear Appeal of Conclusion that PE Funds are Potentially Liable for Pension Obligations of Portfolio Companies
(DBN)

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Celebs:

Teresa Giudice Trial 2014: 'Real Housewives' Star's Legal Team 'Pleased' After Mortgage Fraud Civil Case Dismissed?
(DBN)

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Manholes:

GSE May Borrow Up To $35 Million in Bankruptcy Financing
(DBN)

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Gambling:

Are Caesars' Debt Holders Being Dealt a Losing Hand?
(DBN)

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Fraud:

Madoff Victims To Be Reimbursed $12B Total
(DBN)

Company run by accused West Roxbury Ponzi mastermind files for bankruptcy
(DBN)

3 new pleas linked to ex-law firm chief serving 50 years in $1.2B swindle; 20th conviction now looms
(DBN)

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Education:

McDonald Hopkins issues alert on the looming financial crisis facing Higher Education
(DBN)

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Pharma:

Morrisville pharma files Chapter 7 bankruptcy
(DBN)

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Economy:

US trade deficit narrows, but not enough to help GDP
(DBN)

Capital Goods Trade Is Firmly in Deficit
(DBN)

Millionaires' Poll: Raise Our Taxes
(DBN)

New Report Finds Climate Change Already Having Broad Impact --- Harming Economy
(DBN)

What Tim Geithner Got Wrong - Choosing banks over people
(DBN)

7 Ways Rich People Think Differently Than The Rest Of Us
(DBN)

How Super Rich Families Blow Their Wealth
(DBN)

Facts That Summarize The World We Live In Now
(DBN)

Pimco's bad bets add to firm's troubles
(DBN)

Higher Gasoline Prices Coming
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Landlord Lease Claims: Avoiding the Statutory Cap – Round 2
(DBN)

Reality Check on Housing
(DBN)

Florida Real Estate Developer Indicted in $6.2 Million Fraud Scheme
(DBN)

Roy Black Says He Never Represented Worldcenter Developer, Just Friendly Advice Before A Bankruptcy Deposition
(DBN)

Judge asked to reject August Wilson Center sale
(DBN)

Bill Ackman's Presentation On How You Can Make An Insane 1,000% Return Betting On Fannie Mae
(DBN)

2 lawyers among 6 charged in $30M mortgage fraud conspiracy
(DBN)

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Municipalities:

Michigan would send $195M to Detroit - not $350M - under lump sum bankruptcy settlement option
(DBN)

Detroit vote: Key to comeback
(DBN)

Detroit heads to confirmation
(DBN)

Detroit bankruptcy vote hinges on creditors' homework
(DBN)

Bankruptcy: Bad News for Bond Insurers
(DBN)

Michigan appoints special committee to deal with Detroit bankruptcy legislation
(DBN)

Michigan House committee to consider state money for Detroit
(DBN)

Detroit Bonds Lead Seven Moody’s-Rated Municipal Defaults in ’13
(DBN)

Snyder, Orr obstruct scrutiny of PA 436
(DBN)

Lawmakers split on upfront payment to help settle Detroit bankruptcy
(DBN)

A new chance for Lansing to do the right thing for Detroit
(DBN)

Report: Ex-Detroit council president working as a waiter in New York
(DBN)

Dave Bing reflects on life as Mayor and making difficult decisions as city headed toward bankruptcy
(DBN)

Detroit bankruptcy plan moves ahead; more cities facing fiscal crises: Richard Ravitch
(DBN)

Is Your City Drowning in Debt?
(DBN)

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Retailing:

Office Depot to close 400 US stores, shares jump
(DBN)

Stores Face the Retail Plague, Close Doors in 2014
(DBN)

Coldwater Creek Begins Liquidation With Hilco, Gordon Deal
(DBN)

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Telecoms:

Judge to Rule Thursday on LightSquared Plan, Ergen Trial
(DBN)

Ergen Seeks To Sink LightSquared Bankruptcy Plan
(DBN)

LightSquared lawyer discredits Ergen testimony
(DBN)

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Compensation:

Apple Grants New Retail Chief Ahrendts Stock Worth $68.1 Million
(DBN)

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Corporate Reform:

Morgan Stanley CEO says bankers' bad judgment was not a crime
(DBN)

The Difficult Task of Criminally Charging Big Banks
(DBN)

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Autos:

Another GM recall?! Now it's the transmission...
(DBN)

GM offers employee pricing to owners of recalled cars
(DBN)

Wiesmann Factory Closed: Employees Quit and Repairs Are no Longer Possible
(DBN)

CA: Bill Wants to Tax Drivers by the Mile
(DBN)

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Healthcare:

Pauls Valley: A season of healing for hospital
(DBN)

Four Bidders Are Finalists for Griffin-American Healthcare REIT II
(DBN)

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Student Debt:

You Can Get Student Loans Forgiven in Bankruptcy, but It's Far From Easy
(DBN)

The Little-Known Student Loan Bait & Switch
(DBN)

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Aviation:

American Employees Locked Out of 401K Plans
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

April Commercial Bankruptcies Decrease 24% Y/Y
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Privilege:

New ruling denying privilege to defunct businesses challenged
(DBN)

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Avoidance Actions:

Judge Rules for FPL in Adelphia Clawback Suit
(DBN)

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Safe Harbors:

Seventh Circuit Court of Appeals Reverses District Court, Follows Trend of Applying Bankruptcy Code Safe Harbors Literally and Expansively
(DBN)

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Cross-Border:

Jurisdictional limits on recognition of foreign non-debtor releases
(DBN)

___________

DIP Finance:

James River creditor panel objects to ‘extraordinarily expensive’ debtor-in-possession loan
(DBN)

____________

TBTF:

Washington delays big banks from writing wills before a collapse
(DBN)

____________

Banking:

HSBC profits hit by fall in investment banking revenue
(DBN)

____________

Video Games:

RI's probe into 38 Studios loan expanding
(DBN)

Official won't testify in Schilling case
(DBN)

____________

Debt Collection:

How New York Collection Lawsuits Will Get Harder For Debt Buyers
(DBN)

____________

UK:

Ahmad loses cash freeze bid as judge rules out Rangers insolvency
(DBN)

Construction administrations down 19% in year to Q1 2014
(DBN)

____________

PIIGS:

Dunnes win planning to build $22m Manhattan property
(DBN)

Dunne seeks protocol for his dual Irish-US bankruptcy
(DBN)

____________

Canada:

Women's clothing retailer Jacob files for bankruptcy, set to close 92 stores
(DBN)

Equitable Subordination in Canada — Waiting for the Right Facts
(DBN)

____________

France:

Hollande Promises to Turn Around Economy With Tax Cuts
(DBN)

Schneider Electric to unveil French restructuring in June
(DBN)

____________

Ukraine:

Border Getting More Tense --- U.S. Trade With Russia Grows in March Despite Ukraine Crisis --- Ukraine: 34 Dead, Mostly Insurgents --- Both sides bury dead as Ukraine slides towards war --- SocGen writedown on Russia unit
(DBN)

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China:

China Doesn’t Want Its Economy to Be No. 1
(DBN)

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Brazil:

Aralco Bondholders Said Preparing Bid to Avert Chapter 11
(DBN)

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South Africa:

New policy on the appointment of insolvency practitioners – could this be a turning point in the South African insolvency industry?
(DBN)

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New Zealand:

The New Giant - plotting the course between Admiralty and cross border insolvency rules
(DBN)

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Hong Kong:

HK to Amend Bankruptcy Ordinance
(DBN)

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MENA:

The Sultan Of Brunei Just Imposed A Draconian Set Of Laws — Here's What They Mean
(DBN)

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Iceland:

Biggest Icelandic Mortgage Bank to Be Wound Down Amid Losses
(DBN)

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