November 24, 2014

The Daily Bankruptcy News

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Law:

Simpson Thacher Launches Bonus Season With Some Big Numbers --- Simpson Thacher Sets High Bar With Associate Bonuses --- Early announcement of big year-end bonuses stuns Simpson Thacher associates --- Big League Law Pays Big Bonuses Again --- Elite Law Firms Lift Year-End Bonuses --- Bonus Season Comes Early! (And It’s Not Cravath)
(DBN)

Associate Bonus Watch: A Major Firm Matches Simpson
(DBN)

Associate Bonus Watch: Yet Another Firm Matches Simpson
(DBN)

Morgan Lewis Finalizes Bingham McCutchen Deal
(DBN)

Dewey Defendants Seek Delay as Funds Run Out --- Ex-Dewey execs seek trial delay amid insurance dispute
(DBN)

Key Ruling Brings Thelen Bankruptcy Closer to Conclusion
(DBN)

Bankruptcy Trustee Challenges Law Firm, "Scorched Earth" Tactics - Seeks Recovery of $2.6M from OMM
(DBN)

Number of in-house counsel who used litigation financing in a year has more than doubled
(DBN)

When Writing, Keep it Simple, Counselor
(DBN)

50 Ways To Leave Your Biglaw Firm (And Keep Your Bonus)
(DBN)

Business of Law
(DBN)

Law School Slashes Students To Game U.S. News Rankings
(DBN)

Maryann Jones, Hired as Charleston Law School President Under Renewable 3-Month Contract, Resigns After 8 Days on the Job
(DBN)

Law School Tuition: Helped or Hurt by Public Service Loan Forgiveness?
(DBN)

Law firm chief convicted in $13M loan-modification scheme, faces up to 70 years
(DBN)

After 100 years as tenant under a verbal lease, law firm is moving to another building
(DBN)

How to avoid becoming a workaholic
(DBN)

The 13 Best Custom iPhones Money Can Buy
(DBN)

Eric Schmidt's 9 rules for emailing
(DBN)

LinkedIn third-quarter loss widens
(DBN)

Gadget GiftSayer
(DBN)

The economic impact of the Ferguson protests --- Ferguson Is On Edge --- The FBI Opened Up A Special Intelligence Center To Deal With Ferguson --- FBI Sends 100 Agents to Ferguson To Prepare for The Protests That Will Soon Erupt --- Ferguson police families hiding or have left town after receiving death threats --- Safeguards in Place to Protect Identity of Jurors in Ferguson Case --- Michael Brown's father asks for calm --- Report: Officer Warns Ferguson ‘If You Do Not Have a Gun, Get One’ --- As Ferguson's Streets Tensely Await Decision, an Officer Brings Calm --- Why whites don’t understand black segregation --- How differently do blacks and whites view Ferguson? Here are the numbers
(DBN)

Prosecutors under fire for flashing gang signs in holiday photo
(DBN)

Rudy Giuliani: Whitey Cops are There Because You Kill Each Other
(DBN)

It Has Arrived: the Long-Threatened House Lawsuit Against Obama --- The Boehner Lawsuit Against Obama: an Explainer
(DBN)

UVA President Suspends All Campus Frats Following Explosive Rolling Stone R--- Article
(DBN)

Lawyer handcuffed at ATM sues police for alleged racial profiling
(DBN)

Cleveland police shoot dead 12-year-old boy holding 'airsoft' fake gun
(DBN)

Report: Sandy Hook shooter never got needed treatment despite disabilities dating to early childhood
(DBN)

News Crew Accidentally Captures Drug Deal on Live TV
(DBN)

42 Years in Isolation, Conviction Squashed
(DBN)

‘Better Call Saul’ is nearly here
(DBN)

The Legal Rule Behind The Conspiracy Of HTGAWM
(DBN)

Say What?!
(DBN)

______________

Judges:

Bauknight takes US Bankruptcy Court seat
(DBN)

Are federal trial judges who write bluntly in law reviews, blogs, etc., “flashers” who expose too much of themselves?
(DBN)

Spat between judge and courthouse security officer is resolved by requiring all judges to show ID
(DBN)

Why Pacer should (and should not) be like Edgar
(DBN)

______________

Wall Street:

US Index Futures Advance With S&P 500, Dow at All-Time Highs
(DBN)

European Stocks Are Up
(DBN)

Stocks close up for the fifth week; Dow, S&P at records
(DBN)

Goldman: Here Are The 10 Big Market Stories That Will Dominate 2015
(DBN)

How Goldman Cheated Libya
(DBN)

______________

Layoffs:

Eight States Where Unemployment is Over 7%
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Gambling:

Lawyers will meet in effort to save Revel deal --- Revel Casino tries to save sale, but buyer is AWOL
(DBN)

Who could have predicted the Revel casino would go bust? Anyone who was paying attention
(DBN)

A New Jersey College Plans To Turn Atlantic City's Showboat Casino Into A Campus
(DBN)

Bankrupt Trump Entertainment posts loss
(DBN)

Taj Mahal offers to restore workers' health care --- Taj Mahal offers concessions
(DBN)

Bankruptcy judge threatens Trump with liquidation
(DBN)

Will Caesars Entertainment's REIT Plan Offset Debt Issue?
(DBN)

In the midst of casino oversupply, another is born
(DBN)

Payday-Loan Fortune Backed by Medley Found Behind Indian Casino
(DBN)

____________

Celebs:

'RHONJ' Teresa Giudice sending daughter to $17,000 a year school?
(DBN)

Jacqueline Laurita won’t pay $8 million dollars yet? Bankruptcy lawsuit extended
(DBN)

Incoming lawmaker involved in NHL player’s bankruptcy proceedings --- Blum expects loan to hockey player to be repaid
(DBN)

Bankrupt NHL Players: Jackets' Jack Johnson Not the First
(DBN)

Shifting attitudes at play in Cosby allegations --- Bill Cosby says he does not have to 'answer to innuendos': report --- Bill Cosby accusers list
(DBN)

Warren Buffett Had An Epiphany At Age 10 That Set Him On The Path To Being America's Second-Richest Man
(DBN)

____________

Bankruptcy Crimes:

Fort Smith Man Convicted Of Bankruptcy Fraud
(DBN)

____________

Auto Racing:

F1 Teams Burn Up $570 Million Of Losses In Just Five Years
(DBN)

____________

Financial Privacy:

National Retail Federation CEO to banks: Breaches are your responsibility, too
(DBN)

____________

Health Care:

NRMC's past shouldn't be forgotten
(DBN)

What happens when your pregnant sister-in-law is paralyzed in an accident — and has no insurance
(DBN)

Republicans have found a new part of Obamacare they think is illegal
(DBN)

____________

Libraries:

USU tries to recover $2 million journal vendor fee
(DBN)

____________

Economy:

The Economics of Thanksgiving Dinner --- 46.3 million to hit the road --- 17 Thanksgiving Hacks For The Best Meal Of Your Life --- How to Keep Your Cool While Cooking Thanksgiving Dinner - Even if you have to spend Monday, Tuesday and Wednesday at the office
(DBN)

The skinny on whose salaries have gone down in America – and whose have gone up
(DBN)

America's Part Time Economy
(DBN)

Survey: Consumers Plan to Use Credit Cards for Holiday Shopping
(DBN)

Goldman: So Far, Larry Summers Has Been Wrong About The US Economy
(DBN)

Top Incomes Soared as Tax Rates Fell
(DBN)

World Bank: No Matter What Governments Do — Big Climate Change Is Coming
(DBN)

Millennial women will make more than their mothers, less than their brothers
(DBN)

46% of recent college grads are in jobs that don't typically require degrees
(DBN)

The Chart Of The Year
(DBN)

Deflation Becoming Global Threat
(DBN)

The five countries with the highest corporate tax rates
(DBN)

Krugman On Immigration
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

U.S. mortgage applications fall in latest week
(DBN)

Baltimore Landlord Halts Blight Suit With Bankruptcy Filing
(DBN)

U.S. Bankruptcy judge dismisses developer Pat Turner's Westport bankruptcy case, clearing way for foreclosure
(DBN)

Commercial Real Estate Is Now a Market of the Haves and Have Nots
(DBN)

Jeff Koons to Be Evicted
(DBN)

___________

Municipalities:

Some bankruptcy fees are 'bunkum' --- Consultants' reports reveal surprising Ch. 9 expenses --- Officials: Bankruptcy bills mostly paid; mediation unlikely to reduce balance --- Fee examiner persuades Dentons to cut Detroit fees --- Detroit bankruptcy fee examiner: A role Chicago lawyer couldn't pass up
(DBN)

Chinese Investors Snap Up Property in Bankrupt Detroit
(DBN)

Questions, answers about Detroit's bankruptcy
(DBN)

Wayne Co. Starts Foreclosing 75,000 Properties
(DBN)

Mich. working out federal blight funding details
(DBN)

Judge Strikes Down Illinois Pension Overhaul --- Illinois Law to Fix Worst Pension Deficit in U.S., Is Struck Down
(DBN)

In Pennsylvania, a Failing School District Resists Takeover
(DBN)

Bankruptcy no option for Paducah Power
(DBN)

Puerto Rico legislators to debate oil tax increase
(DBN)

Puerto Rico Rally at Risk With Rising Debt Expenses
(DBN)

Advisor to Christie pushing emergency manager for Atlantic City
(DBN)

3 Business Lessons Atlantic City Can Learn From Las Vegas
(DBN)

A Solution for Cities on the Brink of Bankruptcy
(DBN)

____________

Alternative Energy:

SolarCity Rises on Wal-Mart Plan to Install Panels, Storage
(DBN)

LDK Solar Announces Confirmation of U.S. Chapter 11 Plan, Recognition of Cayman Islands Proceeding and U.S. Enforcement of Cayman Islands Scheme
(DBN)

____________

Retailing:

Bankrupt Alco will close all its stores
(DBN)

Walmart workers increasingly rely on food banks, report says
(DBN)

Bon-Ton Stores Q3 Loss Widens , Again Lowers 2014 Outlook
(DBN)

The Truth About Black Friday: It Isn't Black, and It Isn't Friday --- US retailers move Black Friday sales push online --- Black Friday Guide? Don’t Buy Into It
(DBN)

Not all U.S. malls are reeling: These 10 centers are booming
(DBN)

____________

Television:

Aereo Files for Bankruptcy and (Almost) Declares Defeat --- Bankruptcy filing not the end for streaming service Aereo --- What’s the Takeaway From the End of Aereo?
(DBN)

____________

Oil/Gas:

'Age of abundance' in oil and gas poses fresh dilemmas
(DBN)

The Downside of the Boom
(DBN)

____________

Aviation:

The worst thing about flying? These people
(DBN)

____________

Telecom:

Endgame for the Pay Phone: Out of Quarters
(DBN)

____________

Awards:

Angela Allen Receives Award from Turnaround Association
(DBN)

____________

Paper:

Judge OKs compromise in Great Northern Paper bankruptcy
(DBN)

Bankruptcy judge approves plan to pay East Millinocket, other Great Northern Paper creditors
(DBN)

‘Nobody likes losing money’: Bankruptcy settlement plan leaves some GNP creditors somber
(DBN)

____________

Fraud:

Madoff Scorecard, in Billions: $17.5 Lost, $10 Recovered, $1 to Do It
(DBN)

____________

Personal Finance:

I Buy Everything But Haircuts On Amazon Prime
(DBN)

5 Big Bills You Can Cut Fast
(DBN)

____________

Festivals:

BR Festivals bankruptcy estate sues Uptown Theatre
(DBN)

____________

Tax:

Lost Lerner Emails No Longer Lost
(DBN)

____________

Corporate Reform:

SEC may face pressure to ease prosecutorial style
(DBN)

SEC: Number of Whistleblower Reports Continues to Increase
(DBN)

____________

Coal:

Hedge Funds Bet on Coal-Mining Failures
(DBN)

____________

Agriculture:

Receiver Says Mixed Ownerships Complicating Turner Grain Case
(DBN)

____________

Shipping:

OW Bunker lenders rope in PwC
(DBN)

____________

New Bankruptcy Opinions
(3 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 (15 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)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Avoidance Actions:

Buyer Beware: Payment on Assumed Debt in An Asset Sale Could Be An Avoidable Preference
(DBN)

____________

Sales:

A Ninth Circuit Appeal of a Bankruptcy Sale Order May Be Moot Regardless of Whether the Seller Actually Had the Authority to Sell the Assets
(DBN)

____________

Cross-Border:

Sale by Chapter 15 Debtor in Foreign Main Proceeding of Claim Against U.S. Obligor Must Be Reviewed by U.S. Bankruptcy Court
(DBN)

____________

Involuntary Bankruptcy:

A Dispute over Bona Fide Disputes in Involuntary Bankruptcy Proceedings
(DBN)

____________

TBTF:

AIG Case May Turn on Nonstar Witnesses
(DBN)

Hank Greenberg, AIG, CIC and the Backdoor Bailout
(DBN)

New York Fed chief gets grilled at Senate hearing on oversight failures
(DBN)

____________

Corporate Governance:

New York Joins Delaware, Rejects 'Entire Fairness' Test
(DBN)

____________

Student Debt:

The average student debt burden in each state—in one alarming map
(DBN)

82% of Americans want Congress to make student loans cheaper, but it's a bad idea
(DBN)

College students are increasingly spending federal financial aid and taking on debt for high school-level courses that don't count toward a degree
(DBN)

____________

Religion:

Parishes in Archdiocese of St. Paul-Minneapolis seek shelter from abuse claims
(DBN)

Some Bibles Are More Exemptable Than Others
(DBN)

____________

Ridesharing:

Geico’s hardline stance against ridesharing
(DBN)

____________

Construction:

Former Truland employees still awaiting release of 401(k) funds
(DBN)

____________

Autos:

GM Defect Claims Falling Flat - Only 72 out of thousands filed are deemed eligible
(DBN)

G.M. 'Bullied' Manufacturer Over Poorly Designed Part, Email Says
(DBN)

____________

Sovereigns:

Clifford Chance advises bondholders pursuing unpaid Ukrainian bond coupon
(DBN)

____________

UK:

Apcoa restructuring scheme of arrangement sanctioned by the English High Court despite being contested – Court of Appeal hearing set for 9/10 December 2014
(DBN)

Data Protection Law for Insolvency Practitioners
(DBN)

Thomas Cook’s ticket out of hell
(DBN)

Scotland marine energy dealt blow as Pelamis faces administration
(DBN)

The England goalkeeper who could not save
(DBN)

Supermarket Price War Killing British Food Producers
(DBN)

Credit Counseling: Heartache, as savings pots to pay off creditors go missing
(DBN)

____________

EU:

How the EU Plans to Turn $26 Billion Into $390 Billion
(DBN)

What's Bad For Europe Is Bad For Everyone
(DBN)

Draghi Urgency for ECB Action Gets Final Reality Check
(DBN)

____________

PIIGS:

Greece to Negotiate Stalled Review With Troika in Paris --- Bloomberg View Editorial Urges Troika To 'Give Greece A Chance'
(DBN)

Portugal's Ex-Prime Minister Is Spending His 3rd Night In Jail After His Shocking Arrest
(DBN)

____________

Canada:

Canada: Car Loan Bubble a Ticking Time Bomb
(DBN)

____________

Germany:

German business morale rebounds in November
(DBN)

____________

Russia:

Russia accuses West of seeking regime change in Moscow
(DBN)

Putin: We're Stronger Than Everybody
(DBN)

Not quite all there? - Russia's official reserve figures overstate the funds it has at its disposal --- Putin Has Been Hands-Off On The Russian Central Bank's Recession-Inducing Policies --- Russia Has Lost Up To $140 Billion From Western Sanctions And Oil Price Fall --- Russia Is Overstating The Funds At Its Disposal
(DBN)

A wounded economy - It is closer to crisis than the West or Vladimir Putin realize
(DBN)

____________

China:

China Just Made An Interest-Rate Cut That Could Screw Its Mid-Size Banks
(DBN)

China ready to cut rates again on fears of deflation: Sources
(DBN)

____________

Brazil:

Will Retirees Bankrupt Brazil?
(DBN)

____________

Latin America:

No One Expected Latin America To Slow Down Like This
(DBN)

____________

New Zealand:

Liquidations and voidable transactions – recent and future trends
(DBN)

____________

 

 

 

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