November 7, 2014

The Daily Bankruptcy News

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Law:

D.C. law firm Wiley Rein separates from its bankruptcy group --- A Biglaw Firm Bids Bye-Bye To Its Bankruptcy Department --- Wiley Rein Parts Ways With Bankruptcy Group
(DBN)

Richard Chesley: Courts, Bankruptcy Pros Must Ask Tough Questions
(DBN)

Sharon Levine: Blame Cheap Money, Bankruptcy Laws and Expense of Chapter 11
(DBN)

Perry Mandarino: Linking Repeated Chapter 11 Filings Can Be a Stretch
(DBN)

‘Watch Out For the Wall Street Firms,” and Other Advice From the Client Side
(DBN)

Which Biglaw Practices Did Well In The Third Quarter?
(DBN)

How Did Biglaw Do In The Third Quarter Of 2014?
(DBN)

10 Tips For Managing Partners From A Managing Partner Turned General Counsel
(DBN)

News and Gossip Roundup
(DBN)

Top partner in drunken email rant shocker
(DBN)

Bingham, Edwards Wildman Slim Down Ahead of Potential Mergers
(DBN)

Hourly Rates Rise While Bills Get Discounted
(DBN)

UK intelligence may have eavesdropped for years on lawyer-client communications, documents show
(DBN)

Law Schools and the Legal One Per Cent - The market for lawyers shrank following the post-2008 recession, and no one thinks that it’s coming all the way back
(DBN)

Which Law School Has Two Beauty Queens Competing For The Same Crown?
(DBN)

Why troubled law schools are like Dracula
(DBN)

The Land Of The Free — Free To Sue
(DBN)

For Lawyers of Color, Good and Bad News
(DBN)

Smartphones That Can Tell When You're Lying
(DBN)

Email Controversy Leads to Reprimand of Weil Gotshal Lawyer
(DBN)

7 Important Facts About LinkedIn That Every Professional Should Know
(DBN)

Natural Networking: Business Development On Your Terms
(DBN)

The Free Office For iPhone Is Missing All Of These Features
(DBN)

ATL’s Legally Themed Halloween Costume Contest: The Winner
(DBN)

The Navy Seal Who Wrote A Book About The Bin Laden Raid Is Suing His Lawyers For $8 Million
(DBN)

Lawyer accused of faking case numbers, defendants and work to get paid $328K is guilty of theft
(DBN)

This Hotshot Lawyer Is Playing An Extraordinary Role In One Of The Biggest Divorce Cases Ever
(DBN)

Arizona looks to Bundy Ranch: New amendment lets lawmakers defy federal law
(DBN)

Undeterred by arrest, 90-year-old Florida man gets another citation for feeding the homeless
(DBN)

Lawyer sanctioned $1M for allowing smoking reference in med-mal trial
(DBN)

Partner reacts brilliantly to premiere of firm's dire ad
(DBN)

Mom Arrested for Plotting to Feed Daughter's Ex to Alligators
(DBN)

Customer Furious After Restaurant Charges Him $3,750 For Wine It Said Cost 'Thirty-Seven Fifty'
(DBN)

You Can Cling to This Paltry Better Call Saul Teaser Until February
(DBN)

Partner shot tanks with Brad Pitt in Fury
(DBN)

Arrested banker was (briefly) poster boy for Latham & Watkins
(DBN)

Is an Uber ride covered if an accident occurs? Insurance representatives are dubious
(DBN)

Lawyer blackmailed after one night stand
(DBN)

Say What!?
(DBN)

______________

Judges:

Bankruptcy Judge Position for the Northern District of Illinois
(DBN)

Turnover on NY bankruptcy court brings heightened uncertainty
(DBN)

Chief Justice Roberts Wishes Magna Carta an Early Happy 800th Birthday
(DBN)

Golden Rule or Eye for an Eye: Senate GOP Divided on Judicial Filibuster
(DBN)

Which Law Firm Won The SCOTUS Clerk Sweepstakes (Again)?
(DBN)

Judge Rakoff, Jury Trials, and Government Tyranny
(DBN)

Judge admonished for rude remarks; he called litigants a ‘train wreck’ and a ‘total human disaster’
(DBN)

______________

Wall Street:

US Stock -Index Futures Flat Ahead of October Jobs Report
(DBN)

Stocks at record levels as oil prices rebound after GOP victories
(DBN)

McKinsey Salaries --- Goldman Sachs Salaries
(DBN)

The best stock investment I ever made
(DBN)

______________

Layoffs:

LivingSocial Lays Off 400, Eyes Changes to Amazon Relationship
(DBN)

Lanxess AG to cut 1,000 employees
(DBN)

Symantec plots 2,000 layoffs
(DBN)

Express Scripts cuts 400 jobs
(DBN)

6 Interview Questions You Should Ask To Get To Know The Company’s Culture
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Health Care:

Steward to shut down Quincy Medical Center --- Hospital $20m in the red
(DBN)

Robert Wood Johnson University Hospital Hamilton files notice to lay off 87 employees
(DBN)

Boehner: Rolling Back Obamacare a Priority
(DBN)

____________

Mass Torts:

Turnaround in U.S. Senate could propel asbestos transparency bill to Obama’s desk
(DBN)

____________

Celebs:

Bankruptcy Judge Shuts Down Sam Wyly Book Projects
(DBN)

____________

Corporate Reform:

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare
(DBN)

Bank of America taking $400M litigation charge
(DBN)

Regulator Wants Greater Use of Bank Monitors
(DBN)

One Call From Jamie Dimon May Have Stopped The DOJ From Investigating Bankers For Fraud During The Financial Crisis
(DBN)

___________

Politics:

Missing From the Agenda? Signs of Compromise.
(DBN)

Wall Street Had a Great Election
(DBN)

For Obama and GOP, Is There a Middle Ground?
(DBN)

John Boehner and Mitch McConnell Lay Out GOP Goals --- House Speaker John Boehner touts bills to build Keystone, repeal Obamacare
(DBN)

Limbaugh: Republicans Were Elected "So That There'd Be Continued Gridlock"
(DBN)

Conservatives Outraged After The President Says He Wants To Work With Republicans
(DBN)

____________

Economy:

Here's What To Expect From The Jobs Report --- U.S. jobs data to show economy's resilience --- Solid US hiring likely, but Americans are anxious
(DBN)

First-Time Jobless Claims in U.S. Fell More Than Forecast
(DBN)

Global energy demand to soar 60% by 2040, says OPEC
(DBN)

US Productivity Rises at 2 Percent Rate in 2Q --- US Productivity Suggests Economy Can Grow 'Without The Threat Of Inflation'
(DBN)

Voters Remind D.C. That the Economy Still Sucks
(DBN)

OPEC Cuts Almost All Demand Forecasts for Its Crude on US Boom
(DBN)

Apple's Borrowing Costs Are Officially Lower Than The US Government's
(DBN)

Economists Believe the Jobless Rate Will Be Much Lower for the 2016 Election. Will Voters Feel Better?
(DBN)

The World Economic Forum Names The 10 Biggest Threats On Earth
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Fannie Mae, Freddie Mac to send $6.8 bln to US Treasury
(DBN)

Fannie, Freddie See Potential for Thaw in Mortgage Access
(DBN)

Average 30-year mortgage rate rises above 4%
(DBN)

Trulia: Asking House Prices up 6.4% year-over-year in October
(DBN)

Nationstar Leads Servicer Plunge as Probes Widen
(DBN)

NAHB: Builder Confidence improves for the 55+ Housing Market in Q3
(DBN)

Las Vegas Real Estate in October: YoY Non-contingent Inventory up 26%, Distressed Sales and Cash Buying down YoY
(DBN)

Walter Investment under regulatory scrutiny for mortgage servicing
(DBN)

Colorado attorney general settles with three more foreclosure law firms --- Colorado attorney general files complaints against more foreclosure law firms
(DBN)

Home in Seaside Town Includes Rotting Corpse in Master Bedroom
(DBN)

___________

Municipalities:

Detroit's $3.7 trillion wake-up call to the muni market
(DBN)

Judge Set to Decide if Detroit Ready to Exit Bankruptcy Protection --- Judge poised to make decision that could end Detroit's bankruptcy in just under 16 months
(DBN)

Detroit breaks new ground in bankruptcy settlements
(DBN)

On eve of bankruptcy ruling, Detroiters optimistic
(DBN)

Detroit museum directors repay some bonuses
(DBN)

Detroit bankruptcy teaches muni bond investors painful lessons
(DBN)

Japanese businesses contribute $2 million to DIA
(DBN)

SEC Charges Ex-Mayor of Detroit Suburb Over Movie Plan
(DBN)

California Pension Fund A Big Winner In Stockton Bankruptcy
(DBN)

CA: King City makes 'financially distressed' city list
(DBN)

Judge: Atlantic City can collect millions in unpaid taxes from Revel
(DBN)

Bankrupt San Bernardino, Calif., warns it may contract out services, raise debt
(DBN)

____________

Derivatives:

JPMorgan Spars With CME Over $375 Million
(DBN)

____________

Tax:

IndyMac Bankruptcy Trustee Settles Tax Refund Fight With FDIC
(DBN)

Luxembourg Fends Off Tax Haven Status as Juncker Pressed
(DBN)

____________

Personal Finance:

Tips From A Top Chef On How To Eat Well After A Long Day At Work
(DBN)

How To Get Big Portions At Chipotle
(DBN)

Prepaid Card Use on the Rise Among Unbanked and Underbanked
(DBN)

____________

Fraud:

Texas man charged with running bitcoin Ponzi scheme
(DBN)

Founder of O.C. real estate firm admits to fraud in scheme that lost more than $100M
(DBN)

Long Beach man pleads guilty in $110M fraud scheme
(DBN)

____________

Autos:

Old GM says it can't pay owners of recalled cars
(DBN)

GM Makes Bankruptcy Shield Argument in Opening Brief
(DBN)

Judge Sets Date for GM Ignition-Switch Trial
(DBN)

GM Says Customers Demanding $7 Billion for Price Declines
(DBN)

GPS device placed by car dealership led to suspect in woman’s abduction --- Did Bad Credit Lead To Kidnap Arrest? Police Rescue Abducted Philadelphia Woman And Arrest Habitual Offender
(DBN)

____________

Shipping:

OW Bunker on the brink after fraud claims
(DBN)

Bank advisers left red-faced by collapse in OW Bunker share price
(DBN)

Shippers, traders scramble after OW Bunker says near bankruptcy
(DBN)

Police, authorities investigating OW Bunker fraud
(DBN)

OW Bunker in restructuring attempt
(DBN)

____________

Lehman:

LBS Trustee Considers Possible Wind Down of Bankruptcy Estate
(DBN)

____________

Celebs:

Bob Dylan On The Verge Of Bankruptcy? - Divorces Secret Wife Who Spent ALL of His Money?
(DBN)

Real Housewives Of Atlanta Star Claudia Jordan’s Bankruptcy Revealed; Was Suicidal Over Financial Failures!
(DBN)

SEC seeks to slash Sam Wyly's lavish lifestyle
(DBN)

____________

Tech:

GT Advanced says SEC investigating its business
(DBN)

Will There Be Consequences for Apple Once GT Court Docs are Unsealed?
(DBN)

____________

Student Debt:

Student-Loan Market Recalls Subprime Crisis for U.S. Treasury
(DBN)

We All Lose Under Current Student Loan Bankruptcy Rules
(DBN)

____________

Batteries:

Exide settles with California Department of Toxic Substances Control --- Exide ordered to clean up homes tainted by battery plant --- Exide Ordered To Pay Millions For Pollution
(DBN)

____________

Television:

Aereo lays off most of its staff, as prospects dim
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Year-Over-Year Bankruptcy Filings Continue to Decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Involuntary Bankruptcy:

Involuntary Bankruptcy: The Retail Vendors Payment Tool To Maximize Trade Vendor Recoveries
(DBN)

____________

Discharge:

Bankruptcy Court Bars Future Claimant from Seeking to Avoid Effect of Discharge
(DBN)

____________

Equity Interests:

Restricted Stock Units Are "Equity Securities" Rather Than "Claims"
(DBN)

____________

TBTF:

FDIC’s Hoenig: Banks ‘Should Assume the Worst’ In Living Wills
(DBN)

Cry of Protest From MetLife Signals Right Direction for Regulators
(DBN)

Living Wills Still Alive for Regulators
(DBN)

____________

Litigation:

8 tips from an appellate attorney for managing litigation
(DBN)

____________

Insurance:

An Insurance Company Underestimated How Long People Would Live — And Now Its Stock Is Crashing
(DBN)

____________

Oil/Gas:

Buccaneer assets sold; claims state owes $20M in credits
(DBN)

US fracking firms stay in top gear despite oil price slump
(DBN)

____________

Financial Privacy:

Home Depot Hackers Got in Via a Vendor, Took E-Mails, Too
(DBN)

____________

Education:

For-Profit Colleges Sue Over ‘Irrational’ Loan Rules
(DBN)

____________

Asset Protection:

Off Shore Trust: The SEC is Looking; Not Just the SEC
(DBN)

____________

Newspapers:

Investors claim US publisher of Orange County register is insolvent
(DBN)

____________

Paper:

Great Northern Paper trustee says bidders include some that might restart mill
(DBN)

____________

Sovereigns:

'Vulture funds are the ebola of the financial system'
(DBN)

Gov’t defends 'success' of Sovereign Payment Law
(DBN)

UK High Court court wades into Argentina's debt crisis
(DBN)

Argentina Says No Exchange Bondholders Have Agreed to Debt Swap
(DBN)

____________

UK:

One in three NHS hospitals needed Government bailout funds last year
(DBN)

____________

EU:

ECB ready to do more if needed, signs up to Draghi's target
(DBN)

European Central Bank ready to inject €1tn in the eurozone
(DBN)

____________

PIIGS:

Pescanova's Novapesca Trading files for voluntary bankruptcy
(DBN)

Spanish Toll roads benefit from Insolvency Law reform
(DBN)

____________

Germany:

Germany may dodge recession data suggest
(DBN)

____________

France:

Hollande′s declaration of bankruptcy
(DBN)

____________

Bulgaria:

Bulgaria lets Corpbank fail, faces clean-up bill
(DBN)

Bulgaria’s Corpbank loses license after report reveals $2.6bn hole
(DBN)

Corpbank depositors to be paid on Dec 4
(DBN)

____________

Denmark:

Banks in Denmark Fight Plan to Write Down Junior Covered Bonds
(DBN)

____________

MENA:

ISIS Is Buying Children To Turn Them Into Soldiers
(DBN)

____________

Malaysia:

Minority shareholders of Malaysia Airlines back buyout plan
(DBN)

____________

China:

Howard Marks: Oaktree To Potentially Invest In China's Non-Performing Loans
(DBN)

____________

Brazil:

Billionaire Brazilian Headed to Prison for Insider Trading? That'd Be a First
(DBN)

____________

Russia:

Ruble Set for Worst Week Since 1999 Amid Ukraine, Oil Pressures
(DBN)

____________

Ukraine:

Ukraine Is Heating Up Again ...
(DBN)

____________

Australia:

Proposal to amend Bankruptcy Act 1996 and Corporations Act 2001 – draft Bill released by Treasury
(DBN)

Reforms to align, simplify and strengthen insolvency rules
(DBN)

____________

 

 

 

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