November 18, 2014

The Daily Bankruptcy News

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Law:

US top court to hear Bank of America cases on second mortgages in bankruptcy --- Dealing with “underwater” mortgages --- Probably No Strip-Offs After Supremes Rule
(DBN)

Bingham To Go Bust In Wake Of Morgan Lewis Raid
(DBN)

As Bingham Partners Prepare for Exodus, Some Find Themselves Frozen
(DBN)

Morgan Lewis Takes 'Hybrid' Approach in Growing Law Firm
(DBN)

Blank Rome Adds Veteran Bankruptcy Attorney in New York
(DBN)

NY Law Firm Equity Partners: Your Services Have No (Reasonably Equivalent) Value
(DBN)

Practice Management Takes Hold in Small and Mid-Size Firms
(DBN)

Bankruptcy Judge Asks Ninth Circuit to Rule on "Unfinished Business"
(DBN)

Aging Attorneys Taking Toll on Legal Profession
(DBN)

Law Departments Look at the Future, Like What They See
(DBN)

Jackson Lewis to Eliminate Billable Hours for Associates
(DBN)

Deals Heat Up for Lawyers Like It's 1998: Business of Law
(DBN)

The Problem of Inflating Billable Hours
(DBN)

Fashion Law Is Becoming A Ridiculously Profitable Industry
(DBN)

US firms set to gain as exits mount from DLA Piper’s London litigation team
(DBN)

Confidence soars among UK law firms
(DBN)

Repairing In-house/Outside Counsel Trust Breakdowns
(DBN)

Law firm expresses confidence in just outcome after its managing partner and his wife were stabbed --- Lawyer Who Allegedly Stabbed Law Firm’s Managing Partner Was Arrested Wearing Only A Diaper --- Alecia Schmuhl charged with stabbing claims she was forced to do it
(DBN)

3 Ways Senior Partners Cheat
(DBN)

American Surveillance Now Threatens American Business
(DBN)

Law School Threatens To Report Student Lunch Thieves To State Bar
(DBN)

Difficult jobs market drives applications to top law schools
(DBN)

UK: Law has among the lowest proportion of privately educated students of any degree subject
(DBN)

15 Android Apps That Will Make Your iPhone Friends Jealous
(DBN)

Here's What Businesses Really Want From The iPad
(DBN)

BlackBerry Says 'No' To Kim Kardashian
(DBN)

Apple People And Android People Even Eat Different Foods
(DBN)

It Only Takes 5 Minutes To Become A Morning Person
(DBN)

Over 8,000 People Already Use Facebook's 'Secret' New Project: Facebook At Work
(DBN)

Protesters mob courthouse where grand jury weighs Ferguson case: ‘We want an indictment’ --- Missouri gov declares 'emergency' ahead of grand jury
(DBN)

Lawyer sued by former firm in claimed $2.3M fake billing scheme now faces mail fraud case
(DBN)

Man who fell out of reclining chair during deposition loses negligence case against law firm
(DBN)

FBI isn’t the only federal agency going undercover; investigators pose as lawyers, SCOTUS protesters
(DBN)

Fortune-Tellers - When Stress Trumps Common Sense (and even having a law degree)
(DBN)

Lawyer is disbarred for ‘inexplicable incompetence’ (see video)
(DBN)

Lawyer Who Quit His Job To Follow The Knicks Claims He Has No Regrets, Despite Losing Record
(DBN)

A Hero Goes On Trial For Attempted Murder
(DBN)

Fired bar leader’s suit is baseless and his whistleblower claims are ‘bewildering,’ Calif. bar says
(DBN)

Woman Suing Owner Of Dog Killed By Her Dogs For $1 Million
(DBN)

Lawyer sues Eric Holder and ATF over his own homemade machine gun, says feds banned it unlawfully
(DBN)

College student, stressed over midterms, arrested for shagging campus sheep
(DBN)

ADHD Mitigates Bar Sanction
(DBN)

Say What?!
(DBN)

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Judges:

GM's bankruptcy judge to retire, remain on recall status
(DBN)

Help Wanted: A New California Supreme Court Justice
(DBN)

Justice Taking Up Disputes Over Underwater Mortgages
(DBN)

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Wall Street:

US Stock Futures Mostly Flat Ahead Of Housing Data
(DBN)

JPMorgan Downgrades The US Stock Market
(DBN)

Here's What Credit Suisse Is Saying About Stocks To Its Private Banking Clients
(DBN)

Stocks little moved; S&P 500 at record-high close
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Madoff Trustee Strikes $497 Million Settlement with Investors --- Madoff trustee recoups nearly $500 million more for customers
(DBN)

Madoff Fraud Recovery for Bilked Investors Tops $10 Billion
(DBN)

U.S. Supreme Court won't hear Lyndhurst exec's Musicland appeal
(DBN)

An Ex-Financial Adviser Allegedly Used A Ponzi Scheme To Swindle Money From His Mother
(DBN)

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Telecoms:

LightSquared posts $67.5 million loss in October
(DBN)

Unitek Global Services Files a Prepack Chapter 11 Bankruptcy in Delaware
(DBN)

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Pensions:

US pension agency deficit doubles, to $62b --- Federal insurance fund for millions of pensions is deteriorating, report says
(DBN)

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Alternative Energy:

How Washington Bungled the Solyndra Story
(DBN)

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Banking:

More Guilty Pleas in Taupa Lithuanian CU Case
(DBN)

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Museums:

Defunct Civil War museum selling treasures
(DBN)

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Golf:

Lenexa golf course sold out of bankruptcy for $2.5M
(DBN)

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Tech:

Apple's Response to GT Advanced
(DBN)

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Food/Beverage:

Boomers Now Restaurant's Biggest Crisis
(DBN)

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Oil/Gas:

Shale Boom On Despite Falling Oil Prices
(DBN)

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Economy:

Fed: Industrial Production decreased 0.1% in October
(DBN)

US manufacturing expands, but may be losing speed
(DBN)

Fed Faces an Inflation Conundrum --- The Risks to the Inflation Outlook
(DBN)

NY Fed: Empire State Manufacturing Survey indicates "pace of growth somewhat faster than last month’s" in November
(DBN)

Fed researcher sees low inflation persisting through end of 2016
(DBN)

Maps: Which parts of the country have the most married, single and divorced people
(DBN)

Survey: Consumers Remain Focused on Financial Security
(DBN)

Why $3 a gallon gas is a bad sign for the global economy
(DBN)

If other industries acted like Wall Street...
(DBN)

The Economist Went Full Occupy Wall Street On Bankers
(DBN)

Can the GOP Balance the Budget?
(DBN)

Krugman: Dumb Rich Kids Get All The Breaks
(DBN)

7 Big US Companies Paid CEOs More Than Uncle Sam In 2013
(DBN)

Plunging Oil Prices Puts Money In The Pockets Of Those Who Need It Most
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

SCOTUS to consider when second mortgage can be void in bankruptcy
(DBN)

Audit shows FHA Back in Black
(DBN)

CoStar: Commercial Real Estate prices increased in September
(DBN)

Freddie Mac: 5 game-changing predictions for 2015
(DBN)

Old Foreclosure Debt Haunts Ex-Homeowners
(DBN)

Maryland Foreclosure Rate is Highest in U.S. in October
(DBN)

Cancellation of Wells Fargo deal spells more trouble for Ocwen
(DBN)

NYC’s Ebola cleanup czar is a con artist and convicted mortgage scammer
(DBN)

____________

Municipalities:

A Tale of Two Cities, Post-Bankruptcy
(DBN)

Two Detroits, Separate and Unequal
(DBN)

Detroit police board vies for role after bankruptcy
(DBN)

Detroit City Hall needs business discipline
(DBN)

Puerto Rico's PREPA urged to get tough on $1.8 bln owed --- Puerto Rico Electric Utility’s Late Accounts Surge 219% From ’12
(DBN)

Scranton city taxes have doubled in past five years
(DBN)

Moody's reacts to overhaul of Pennsylvania program for distressed municipalities
(DBN)

Cash-Strapped San Bernardino Eyes Plan To Disband Police Department --- San Bernardino pulls move toward outsourcing police
(DBN)

Stockton Highlights Nationwide Risk of Conflict between Muni Investors and Public Sector Unions
(DBN)

____________

Religion:

Ex-Billionaire Wyly Bankruptcy Pits Church Against State
(DBN)

____________

Mass Torts:

Garlock says asbestos firm is forum-shopping racketeering lawsuit
(DBN)

____________

Health Care:

Rural hospitals in critical condition
(DBN)

Thanks to Jonathan Gruber for revealing Obamacare deception
(DBN)

Most Disapprove of Obamacare --- Poll: A New Low For Obamacare
(DBN)

Through hallucinations and bankruptcy: A mother's care for a son with mental illness
(DBN)

____________

Gambling:

Trump Taj Mahal Sees Dec. 12 Closing; Creditor Panel Pushes Own Plan
(DBN)

____________

RVs:

Lawyer Seeks Norcold's Financials As Company Disputes Forbes Article
(DBN)

____________

Aviation:

CDA giving Freedom Air time to seek buyers
(DBN)

____________

Toll Roads:

Fitch Weighs in on Toll Road Bankruptcy
(DBN)

____________

Awards:

Kristina M. Johnson to be Inducted as a Fellow of The American College of Bankruptcy
(DBN)

____________

Autos:

Deadline extended for victims of crashes traced to faulty GM ignition
(DBN)

US Automakers Cutting Production
(DBN)

Chassix Said to Tell Lenders of Looming Restructuring
(DBN)

Why Younger Americans are Ditching Cars
(DBN)

____________

Celebs:

How faith and family helped one celebrity couple through bankruptcy
(DBN)

Brady Williams of 'My Five Wives' filed for bankruptcy
(DBN)

____________

Shipping:

Second OW Bunker Unit in Singapore Files for Liquidation
(DBN)

OW Bunker Far East to meet liquidator on Dec. 4; six more vessels arrested
(DBN)

Concerns Raised Over Further Singapore Bunker Tanker Arrests
(DBN)

Creditors seek to wind up Singapore-based OW Bunker Far East
(DBN)

Slow Start in Search for OW Bunker Assets
(DBN)

HIT settles debt
(DBN)

____________

Mail:

US Postal Service to shut down 82 plants in January 2015
(DBN)

____________

Batteries:

Exide Technologies Files Plan of Reorganization and Disclosure Statement
(DBN)

____________

Personal Finance:

6 Money Problems That Can Be Solved With An App
(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 (12 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)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

A Dozen Reforms the ABI’s Bankruptcy Reform Commission Report Should Endorse
(DBN)

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Jurisdiction:

The Supreme Court Keeps Its "Stern" Promise Not To Change Bankruptcy Court Jurisdiction
(DBN)

____________

Secured Debt:

'Stripping Off' Second Mortgages Cases Heading To High Court
(DBN)

4th Circuit Rules Executed but Unrecorded Security Interest Has Priority Over IRS Tax Lien
(DBN)

____________

Franchises:

Franchisor Strikes Out in Bankruptcy Court
(DBN)

____________

Bankruptcy Fees:

New fee for redaction requests
(DBN)

____________

Finance:

Prepayment Premium Claims Disallowed by Bankruptcy Courts
(DBN)

____________

IP:

New Jersey Bankruptcy Court Decision Protects Rights of Trademark Licensees
(DBN)

Crumbs Bake Shop Finds Layers of Rights Under a Rejected Trademark License
(DBN)

New Considerations for Trademark Licenses in a 363 Sale
(DBN)

____________

Class Claims:

Class Cannot Object to Dynegy Reorganization Plan
(DBN)

____________

TBTF:

Hank Greenberg unlikely to testify in AIG trial
(DBN)

The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic?
(DBN)

____________

Litigation:

South Carolina agency rules lawsuit loans are traditional loans subject to state law
(DBN)

____________

Weather:

The huge, hidden cost of protecting homeowners from the rising sea
(DBN)

____________

Environmental:

Chemical Spill Litigation Staying in Bankruptcy Court
(DBN)

____________

Politics:

The Keystone XL Pipeline Bill Is Headed For Obama's Desk --- Will Obama Kill The Keystone Pipeline?
(DBN)

Reagan And Bush Made The Same Immigration Move That Has The GOP Enraged At Obama
(DBN)

____________

Sovereigns:

Capitanich praises G20 debt restructurings clause
(DBN)

G20 includes anti- 'vulture' clause
(DBN)

CFK praises 'anti-vulture' message in G20 summit
(DBN)

Argentina Bondholders Come Out of Woodwork
(DBN)

____________

UK:

UK debt problem remains despite fall in bankruptcies
(DBN)

How bankers are paid is now everyone's business
(DBN)

UK inflation rate rises to 1.3% in October
(DBN)

Developer Ray Grehan agrees to UK bankruptcy restriction order until 2021
(DBN)

Liquidators for Rangers bank £24m payout
(DBN)

Britain's Low Wage Economy Is Killing The Government's Austerity Plan
(DBN)

____________

EU:

Troika team remains in Cyprus
(DBN)

European car sales rise for 14th straight month --- European car sales recovery vulnerable to slowing economy
(DBN)

Why Banks Are Betting On A European Stock Boom In 2015
(DBN)

____________

PIIGS:

Portugal investigates 'massive' BES debt issues to cover family dues
(DBN)

____________

Germany:

German Investor Confidence Rebounds as Recession Averted
(DBN)

____________

MENA:

Bahrain’s Arcapita Raises $100 Million After Exiting Chapter 11
(DBN)

US hostage beheaded by Islamic State jihadists remembered for fearless dedication to refugees --- Iraqis Show No Sign Of Uniting Despite ISIS Tribal Massacre
(DBN)

4 Israelis Killed in Deadliest Jerusalem Attack In Years
(DBN)

Hadassah hospital’s board chair quits
(DBN)

Israel plans new rules for insolvency to help bondholders
(DBN)

____________

China:

China's Bad Debt Jumps Most in Five Years in Third Quarter
(DBN)

China house prices fall for second month
(DBN)

Haixin Enters Bankruptcy Proceedings Amid Steel Industry Woes
(DBN)

____________

Japan:

Japan PM calls snap election for next month, puts off sales tax increase
(DBN)

____________

Brazil:

Batista Faces Trial as Brazilian Middle Class Watches
(DBN)

____________

Russia:

A Russian Oil Giant's Dispossessed Are Hunting For $50 Billion
(DBN)

Russia Will Lose $130 Billion As Capital Flees The Country
(DBN)

Putin: There's A Plus Side To The Economic Sanctions Making Russians Miserable
(DBN)

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