November 14, 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:

Settlement with Frank McCourt clears path for Bingham McCutchen merger
(DBN)

Bingham-Morgan Lewis merger: Bingham votes yes, Morgan Lewis keeps quiet
(DBN)

Litigators of the Week: David Heiman, Bruce Bennett and Heather Lennox of Jones Day
(DBN)

Klee, Tuchin, Bogdanoff & Stern LLP Partners Complete New Bankruptcy and the Supreme Court Book
(DBN)

Business of Law
(DBN)

Law firm mergers create conflicts for companies
(DBN)

States' Projected Lawyer Surpluses Deteriorate for 2022
(DBN)

Lessons Learned: 30 Years of Law Really is 'Practice'
(DBN)

What managing partners really, really hate
(DBN)

DE bankruptcy attorney in crash, charged with DUI can't practice law
(DBN)

Wrong hires can be costly to law firms, report says
(DBN)

"Psycho" banker worked for Linklaters and Skadden
(DBN)

Law-Firm Employee Pleads Guilty to Insider Trading
(DBN)

Linklaters co-US managing partner Norton stands down early
(DBN)

Infighting on Compensation Costs BigLaw Time and Money
(DBN)

‘Jeopardy!’ Champs Have a Go at ‘Debt’
(DBN)

Prominent attorney and wife stabbed in home invasion are identified; lawyer suspects are in custody
(DBN)

Reinventing The Law Business: A Satisfied Client Is… A Disaster!
(DBN)

Official stats: Great Recession has devastated applications to law schools
(DBN)

Obama plans to shield up to 5 million immigrants from deportation
(DBN)

Retailers Are Going To Offer Huge Discounts On iPads For Black Friday
(DBN)

11 Things Samsung's New Phone Can Do That The iPhone Can't
(DBN)

This Company Wants To Revolutionize The Way Men Buy Dress Shoes
(DBN)

T14 Law Student Expects You To Answer 185 Crazy Questions To Join His Elite Club
(DBN)

3 Tips for Dealing With A Micromanager
(DBN)

10 Business Etiquette Rules You're Probably Breaking
(DBN)

Develop Your EQ — Or Else
(DBN)

How To Attract More Recruiters To Your LinkedIn Profile
(DBN)

This Guy Was Caught Trying to Steal A Chainsaw From A Store By Shoving It Down His Pants
(DBN)

Would You Hire This Dick As Your Attorney?
(DBN)

‘Hunters’ targeted lawyer as ‘prey’ in fatal carjacking at upscale mall, retired detective says
(DBN)

Prison looms for onetime law student: 2nd Circuit denies stay in ‘most lucrative’ insider-tip case
(DBN)

Paralegal Held Hostage At Work Forgives Her Polite Kidnapper
(DBN)

White House intruder review reveals string of blunders
(DBN)

US spies on mobile phones from the sky in 'man-in-the-middle' --- Senate to Take Up Bill to Curb NSA Spying
(DBN)

Lawyer, 14 others charged in $20M ‘prince and pauper’ mortgage and welfare scheme
(DBN)

Barrister on trial for revealing plot to blow up Queen with nuclear bomb
(DBN)

LA School District: Students Can Consent to Sex With Their Teachers
(DBN)

A Schizophrenic Man Tried To Call Jesus As A Witness In Court — Now Texas Is Going To Execute Him
(DBN)

Say What?!
(DBN)

______________

Judges:

How Judges Decide: An Interview With Joel Cohen
(DBN)

High-Paying Jobs For People Who Hate Math (See No. 1)
(DBN)

We Need Someone to Judge the Judges
(DBN)

______________

Wall Street:

Dow Set To Remain In Record Zone Ahead Of Retail Data
(DBN)

Walmart powers Dow to record high; oil prices sink
(DBN)

Goldman’s new partner class shows shrinking role of trading
(DBN)

Want to Know More About the Goldman Sachs Partners?
(DBN)

______________

Layoffs:

Army Cuts Hit Officers Hard, Especially Ones Up From Ranks
(DBN)

Nobel Prize-Winning Economist Reveals Why Robots Really Are Coming For Your Job
(DBN)

Caesars layoffs to impact 200 employees in Las Vegas
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Student Debt:

Why College Students Should Saddle Themselves With Debt ... But Not Too Much Debt
(DBN)

U.S. Treasury to Service Some Student Loans in Pilot Program
(DBN)

College Costs Continue to Rise Leaving Graduates in Debt --- Student loan debt grows, but signs of hope emerge
(DBN)

U.S. College Borrowing Drops 8% - Clampdown on For-Profit Schools Contributes to Decline
(DBN)

Debt for College Hits 70% of Graduates
(DBN)

One Quarter of College Students Expect Loan Forgiveness
(DBN)

Time: The Real Student Debt Problem No One is Talking About
(DBN)

Parents Drowning in Student Loan Debt
(DBN)

____________

Tax:

Hawkins v. Franchise Tax Board: The Ninth Circuit's Realistic Interpretation of "Willful Evasion"
(DBN)

Feds Go After Another Swiss Banker
(DBN)

____________

Religion:

Law firm files motion to dismiss Spokane diocese's claims of mishandled bankruptcy
(DBN)

'Secret Archive Files' Sought in Clergy Abuse Case
(DBN)

Mars Hill Church On Course to Dissolve by End of Year
(DBN)

____________

Food/Beverage:

Renault Winery goes bankrupt
(DBN)

Bottom Dollar grocery chain closing; 460 jobs could be lost
(DBN)

____________

Celebs:

Bucks Owner Wes Edens Held Private Financial Presentations For Players
(DBN)

World Football's Most Famous Streaker Jimmy Jump Bankrupt Because of Fines
(DBN)

____________

Gambling:

Taj Mahal to union: Drop appeal or we close Dec. 12
(DBN)

Former casino-license holder Foxwoods has Friday bankruptcy hearing
(DBN)

Why Caesars Entertainment Stock Continues to Spike
(DBN)

Fitch Solutions: Ch. 11 Talk Sends Caesars' CDS to All Time Widest Levels
(DBN)

Island Breeze casino boat operator files Chapter 11 bankruptcy
(DBN)

____________

Politics:

Sen. Elizabeth Warren to help craft Democratic Party's message and policy in new Senate leadership role
(DBN)

Elizabeth Warren 2016?
(DBN)

WSJ Survey: D.C. Power Shift Will Provide Little Help to U.S. Economic Growth
(DBN)

____________

Alternative Energy:

Remember Solyndra? Those loans are making money
(DBN)

BrightSource Energy Puts Off Repaying Creditors
(DBN)

____________

Fraud:

Here’s the first settlement for victims in the Galemmo Ponzi scheme
(DBN)

Accused ZeekRewards Ponzi mastermind pleads not guilty --- ZeekRewards Founder Released On $25000 Bond
(DBN)

Wife, brother of SC Ponzi scheme leader plead guilty to helping him hide assets from feds
(DBN)

Madoff trials in Geneva loom years after fraudster confessed
(DBN)

OneAmerica to pay $805,000 over former employee's Ponzi scheme
(DBN)

$1 billion of clients funds set to disappear in FX ponzi scheme
(DBN)

____________

Brokers:

Corzine's MF Global Settles Platinum, Palladium Fixing Claims
(DBN)

____________

Toll Roads:

Investment bank may lead counties' toll road bid
(DBN)

LaPorte County Officials Seek Multi-County Bid On Toll Road
(DBN)

____________

Economy:

Jobless Claims Extend Longest Sub-300,000 Stretch Since 2000 - Initial Filings Climb in Latest Week, but Trend Remains Healthy
(DBN)

Hiring in U.S. Picks Up as Workers Gain Confidence to Quit Jobs --- Hiring Picks Up, and Jobs Data Hints at Coming Wage Gains --- A Higher Quit Rate Actually Offers Hope
(DBN)

Traders Are Passing Around A Hedge Fund Manager's Warning Of 'Powerful And Dangerous' Delusions
(DBN)

WSJ Survey: Economists Are Less Worried Fed Will Fall Behind the Curve
(DBN)

Is the Fed Due for a Revamp?
(DBN)

US budget deficit at $122 billion in October
(DBN)

Dark Secret: Wall Street Wins Coming and Going
(DBN)

US Economy's Job Creators Aren't Growth Engines
(DBN)

WSJ Survey: Hopes for Capital Spending Surge Disappear
(DBN)

Wall Street Has Decided It's Time For The Fed To Raise Interest Rates
(DBN)

Economists' View: Lower Inflation, Decent Growth
(DBN)

Gallup Reports Improvement in Economic Confidence
(DBN)

Lower Oil Prices Give a Lift to the American Economy --- BlackRock's Brief Guide To The Oil Crash Story --- The Saudis say there is no price war, but they are experts at “sweating” their rivals
(DBN)

Oil to fall further in 'new chapter' for markets: IEA
(DBN)

Oil shares drop in Europe as Brent falls below $79 a barrel
(DBN)

Former Fed Chief At Odds With How Central Bank Now Makes Policy
(DBN)

Yellen Says Fed Can’t Ignore World Economy
(DBN)

Dallas Fed President Sets Retirement Date in March
(DBN)

The 10 Most Prestigious Jobs In America
(DBN)

40 Under 40: People To Watch
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Regulators to Curb Financial Risks at US Servicers
(DBN)

Average US rate on 30-year mortgage slips to 4.01 pct.; 30-year loan at 3.20 pct.
(DBN)

A House Is Not a Credit Card
(DBN)

Foreclosure filings climb 15% in October --- New Home Sales in October Spike as Foreclosure Filings Increase --- 14 States Getting Slammed By Foreclosures --- Orlando remains among top cities for foreclosures --- Why more homes are being sold at foreclosure auctions
(DBN)

Another Three Years Before Housing Returns To 'Normal,' Zillow Survey Reveals
(DBN)

Owner of homes and land near prized Martha's Vineyard site files for bankruptcy protection
(DBN)

___________

Municipalities:

Jones Day Counsels City of Detroit Throughout Historic Municipal Bankruptcy Case
(DBN)

Far from over: Detroit bankruptcy proceedings continue as oversight mechanism launches
(DBN)

Was bankruptcy necessary for Detroit?
(DBN)

Does Detroit Need Financial Oversight?
(DBN)

Duggan, council ready to take city's reins
(DBN)

Can Detroit recover?
(DBN)

7 Lessons From The Detroit Bankruptcy
(DBN)

Imagine Your Water Bill Shooting Up to $4,000: Inside One of Detroit's Biggest Crises
(DBN)

Bolger: Detroit is on a tough road with a bright future
(DBN)

McTevia: Detroit must stay out of bankruptcy court
(DBN)

Gross: Detroit has a new lease on life
(DBN)

Jacques: Detroit's future tied to schools
(DBN)

Orr: Bankruptcy was painful, but offers a fresh start
(DBN)

Media ‘cheer-leading’ does no good for post-bankruptcy Detroit
(DBN)

DIA directors repaid exec bonuses out of own pockets
(DBN)

Ohio's unfunded pension liability more than $25K per resident
(DBN)

San Bernardino's bankruptcy minefield
(DBN)

Lubben on Puerto Rico the Bankruptcy Clause
(DBN)

State should install 'emergency manager' for troubled Atlantic City, commission finds
(DBN)

Abuse of Free Parking Has Cities Scrambling
(DBN)

____________

Shipping:

O.W. Bunker's U.S. Units File for Bankruptcy Protection
(DBN)

OW Bunker collapse to shake up world's largest ship fuel market
(DBN)

As claims mount, SSA insists there’s no local bunker disruption
(DBN)

S'pore unit of OW Bunker to be liquidated
(DBN)

Hong Kong bunker suppliers expect more demand as shipowners divert from Singapore
(DBN)

Shipping Fuel Dealers Hit by OW Bunker Bankruptcy - Firms Bracing for Payment Defaults and Potential Cash Crunch
(DBN)

ING says 'pay us'
(DBN)

Shipping fuel premium spikes to more than two-year high
(DBN)

____________

Credit Reporting:

Justice Department Investigating Synchrony Financial Over Potential Bankruptcy Violations
(DBN)

____________

Retailing:

Why Wal-Mart's Tepid Sales Growth Is Drawing Cheers
(DBN)

Will J.C. Penney Close Down its Stores? --- JCPenney Is Not a Rebound Trade --- J.C. Penney Stock Wrecked by Earnings
(DBN)

Weak October hurts retailer Kohl's profit, revenue
(DBN)

Sears Holdings: Examining A Possible REIT Spin-Off
(DBN)

How Long Does American Apparel Have Left?
(DBN)

What Victoria's Secret Workers Think When Men Walk Into The Store
(DBN)

____________

Mass Torts:

Court to Hear Claim EnPro's Garlock Hid Asbestos Evidence
(DBN)

Judge Upholds BP Gross Negligence Ruling
(DBN)

____________

Health Care:

Does Prime scavenge dying hospitals?
(DBN)

Medical Device Firm Baxano Files for Bankruptcy , CFO Resigns
(DBN)

Memphis VA Hospital Braces For Ax To Fall
(DBN)

Buyer defends sale of Saint Michael's Medical Center amid controversy
(DBN)

Maybe You Don't Need Long-Term Care Insurance After All
(DBN)

____________

Golf:

Closing a golf course brings tax penalties, angry homeowners
(DBN)

____________

Banking:

Regulators Say Overdraft Protection Is a Loan in Disguise
(DBN)

Poor cut off from banks as U.S. lags most of G-7 --- Too Big to Serve the Working Class
(DBN)

Big banks’ new money-saving strategy: streamlined snitching
(DBN)

____________

Waste:

Regional recycling firm files for bankruptcy in Memphis
(DBN)

____________

Aviation:

Air Mauritius first-half pre-tax loss widens on euro woes
(DBN)

____________

Oil/Gas:

CEO resigns from Endeavour as it goes through bankruptcy --- Endeavour Announces Accelerated Schedule for Chapter 11 Court Hearings
(DBN)

____________

Corporate Governance:

The latest in restrictive corporate bylaws: Small shareholders can’t sue
(DBN)

____________

Music:

Disruption: Apple's Secret Plan To Rule The Music Industry
(DBN)

____________

Video Games:

Last Rebellion Developers, Hit Maker, File For Bankruptcy
(DBN)

____________

Autos:

A Fatally Flawed Switch, and a Burdened G.M. Engineer
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Discharge:

Feds Investigating Banks’ and Debt Buyers’ Treatment of Bankruptcy Accounts --- Will JPMorgan Be Affected Today by Investigation?
(DBN)

Zombie Debt and the Metaphysics of Discharge
(DBN)

____________

Unexpired Leases:

When termination is not termination: Bankruptcy Courts views on leases
(DBN)

____________

Debt Collection:

New York’s Highest Court Rules on Restraining a Debtor’s Assets in Foreign Bank Branches
(DBN)

____________

UCC:

Did You Ever Hear Of A Floating Lease?
(DBN)

____________

Plan Confirmation:

Nixing Permissive Plan Payments Effectively Repeals § 1129(a)(4)
(DBN)

____________

Avoidance Actions:

Fifth Circuit Clarifies Section 548(c) Good Faith Fraudulent Transfer Defense
(DBN)

Dots, LLC Preference Actions Filed
(DBN)

____________

Cross-Border:

Reorganization by Foreign Debtors in the US and UK
(DBN)

OW Bunker Files US Bankruptcy Days After Fraud Report
(DBN)

Free Trade, Comity, and the Bankruptcy Code
(DBN)

____________

TBTF:

J.P. Morgan Dealmaker Lee to Take Stand in Greenberg’s AIG Suit
(DBN)

US Revisits Process for Labeling Financial Firms ' Systemic '
(DBN)

____________

Litigation:

Producing as PDFs When Native Files Are Not in a Reasonably Useable Form
(DBN)

____________

Chemicals:

Reichhold Seeks January Auction With Lead Bid From Bondholders
(DBN)

____________

Television:

Final thoughts on CSN Houston
(DBN)

____________

Corporate Reform:

Inside the 'cartell': chat-room traders boasted of whacking FX market
(DBN)

British Treasury Minister calls forex rigging scandal “disgusting” and hopes for prison for financial corruption
(DBN)

The forex debacle – a scandal to end all scandals
(DBN)

Ex-coal mine chief joins small club: charged CEOs
(DBN)

____________

Consumer Finance:

Consumer Groups Applaud CFPB Prepaid Card Rules
(DBN)

____________

Paper:

Bankruptcy judge ruling to decide GNP's fate
(DBN)

Bankruptcy trustee seeks sale of East Millinocket paper mill assets for $2.6 million, other bidders sought
(DBN)

Company announces plans for mill site
(DBN)

____________

Fuel Oil:

Judge orders Fuller Oil to provide evidence of the full extent of all its assets
(DBN)

____________

Guns:

Colt Defense Searches for Financing as Default Looms --- Gun Manufacturer Colt Warns of Possible Default
(DBN)

____________

Sovereigns:

Mexico Outsmarts Paul Singer
(DBN)

Traders 'Scared As Hell' Of Venezuela
(DBN)

____________

UK:

Negligent valuation decision may open way for securitization disputes
(DBN)

Diageo calls time on KPMG
(DBN)

How Americans Would View British Unemployment
(DBN)

Huge sums owed to Phones 4U customers and staff
(DBN)

____________

EU:

Sign of the Times: Tightening Mortgage Rules in Europe
(DBN)

Eurozone policy makers braced for weak growth figures
(DBN)

German-French Rebound Kept Euro Economy Growing in Third Quarter
(DBN)

Inflation At 0.4% And Growth At 0.2% For Europe
(DBN)

____________

PIIGS:

Greece's economy emerged from 6-year recession in first quarter --- Greece Exits Recession After Crisis That Put Euro at Risk
(DBN)

Italy Just Notched Up Another Quarter Of Recession
(DBN)

Irish vote against sovereign debt mechanism puzzling
(DBN)

Swiss Banking Refuge Brings No Solace to Espirito Santo Clients
(DBN)

____________

Canada:

US Steel to debate creditor list in court
(DBN)

Province pushes for changes to US Steel creditor process
(DBN)

____________

France:

Lenders face further losses on French retailer Vivarte
(DBN)

____________

Germany:

Top German ex-chief executive sentenced for abuse of company funds
(DBN)

____________

Russia:

Bankruptcy Case Law in 2014: The Main Trends
(DBN)

Ukraine and Russia take center stage as leaders gather for G20
(DBN)

____________

Ukraine:

Ukraine teetering on edge of debt restructuring plunge
(DBN)

Ukraine Battles With Bankruptcy , Hopes for Warm Weather in Russia
(DBN)

Ukraine crisis: A repeat of the summer?
(DBN)

The Ukraine Ceasefire Is A Cynical Sham
(DBN)

____________

Hungary:

Hard Lessons for Borrowers in Hungary
(DBN)

____________

China:

China Communist Party's anti-graft watchdog finds gold, cash in official's home
(DBN)

____________

Thailand:

Reviving Dead Companies Using Thai Law
(DBN)

____________

Brazil:

Brazil Aims to Put Eike Batista Behind Bars
(DBN)

____________

MENA:

General: Iraq Needs 80,000 Good Troops
(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