October 27, 2014

The Daily Bankruptcy News

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Law:

Stat of the Week: Where Are Young Lawyers? --- Number of LSAT test-takers drops 8 percent in continuing downward trend --- Law School Carnage Enters Its Fifth Year
(DBN)

Victories Against the Odds: Morrison's Levitt took on opponents in ResCap's monumental bankruptcy and orchestrated a tidy win
(DBN)

Banks Demand That Law Firms Harden Cyberattack Defenses
(DBN)

Hiring up at law firms, but far from pre-recession levels
(DBN)

Survey: New Associates Want to Make a Big Splash in Smaller Pool
(DBN)

'All-star' Eugene Driker stands out on bankruptcy mediation team
(DBN)

Skadden Arps Plans Move to New Tower on Manhattan’s West Side
(DBN)

Law Firm Leaves Law Library Behind – A Sign of the Times
(DBN)

Field of AG Candidates Narrows as Ruemmler Withdraws Name
(DBN)

Lawyer who didn’t share client payments with his partners is disbarred
(DBN)

A High-Dollar Koch Habit: Should Defense Lawyers Accept Money From The Koch Brothers?
(DBN)

Clifford Chance Staffing Up For The recovery
(DBN)

Clifford Chance partner in "jihadist" song shock
(DBN)

Houston Man, Company Sue Lawyer and Firm After Unfavorable Bankruptcy Judgment Based On Failure To Authenticate Settlement Agreement
(DBN)

Flagging Law School Seems Unsure About What ‘Lawyering Skills’ Are
(DBN)

Low-Ranked Law Schools Where Grads Make Big Bucks
(DBN)

Tina Fey's Law School
(DBN)

Banker Sues Arizona State Law Prof, Wash. U. Law Review, for Defamation in Article --- Federal Court Dismisses Banker's Lawsuit
(DBN)

Law Firm Uses Puppet As Pitchman
(DBN)

Awesome Cases For Your New iPad Air 2 --- 13 Apps For Getting What You Need, Fast --- 13 Apps For Transforming Your Phone Into The Ultimate Toolkit
(DBN)

The Secret To Grooming The 10-Day Beard
(DBN)

This Is What Every Young Professional's Résumé Should Look Like
(DBN)

Work From Home Successfully
(DBN)

Surprising Findings About Introverts in the Workplace
(DBN)

The Dos And Don’ts Of Hanging Out With Your Boss
(DBN)

Tips For Being More Persuasive At Work
(DBN)

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required
(DBN)

Teen On Way To Job Interview Violently Beaten, Stomped, Robbed By 'Sisterhood Gang'
(DBN)

Woman stabbed to death in front of children over parking dispute
(DBN)

Patrons bound, gagged, drenched in blood at extreme haunted house... Waiting-list tops 24,000
(DBN)

Hanged Woman Leaves Heartbreaking Last Message
(DBN)

Montana bride who shoved husband off cliff appeals murder conviction
(DBN)

Washington school shooting: Young teacher lauded as hero
(DBN)

Money, sex, madness and murder at fictional Bay Street law firm is focus of ex-partner’s new novel
(DBN)

Man avoids prosecution for two years with coma and quadriplegia claims; video shows him walking
(DBN)

DUI case dropped after arresting officer allegedly forwarded suspect’s photos to his own phone
(DBN)

Man Banned From Local Starbucks Throws Chihuahua at Store Window
(DBN)

Law firm director boasts about giving “damn good” f-------
(DBN)

Man Shoots Teenage Neighbor Nine Times For Laughing at Him
(DBN)

Man who died after driving flaming truck into law firm had dated one of its clients
(DBN)

It’s Week 5 Of ‘How To Get Away With Murder’ And Viola Davis Is Allergic To Sleeves
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy Judgeship Opportunity: WD WA
(DBN)

Bankruptcy Judgeship Opportunity: ED CA
(DBN)

Federal judge: Governor Christie, Ebola and locals acting like yokels
(DBN)

Ex-judge acquitted on all but 1 count now faces new criminal case as DA revives AG’s dropped probe
(DBN)

Three Justices Swap Stories at Yale Law School
(DBN)

Judge - why would anyone pretend to be a lawyer?
(DBN)

Justice Alito Turned Away From Sunday Brunch
(DBN)

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Wall Street:

US stock futures may open flat
(DBN)

Stocks close higher
(DBN)

Goldman: The S&P 500 Will Hit Another All-Time High Before Year-End
(DBN)

S&P 500 posts biggest weekly gain in nearly two years
(DBN)

Deutsche Bank lawyer in apparent NY suicide: Report
(DBN)

3 reasons to expect a 30% market meltdown
(DBN)

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Layoffs:

5 Websites All Job Seekers Should Know About
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Governance:

Delaware Court Confirms Applicability of Business Judgment Rule to Investment Decisions of Insolvent Corporations
(DBN)

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Failure:

What 33 Successful Entrepreneurs Learned From Failure
(DBN)

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Gambling:

Atlantic City, Revel battle over property taxes
(DBN)

Union Workers Picket at Atlantic City's Taj Mahal
(DBN)

Trump casino workers union appeals Delaware judge's termination of labor contract
(DBN)

Icahn presses casino union to help save the Taj
(DBN)

Carl Icahn Rues The Day His Assistant Told Him Trump Taj Mahal Was On The Line
(DBN)

New Jersey College May Buy Closed AC Casino
(DBN)

____________

Television:

CSN Houston Faces Closing Chap. 11 Arguments on Oct. 28
(DBN)

As the CSN Houston bankruptcy case continues … and continues
(DBN)

____________

Student Debt:

Survey: Student Loan Debt is a Primary Obstacle for Potential Homebuyers
(DBN)

Candidates Court 'Basement Grads' Who Struggle With Student Debt
(DBN)

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Autos:

Why General Motors Company Is One of the Biggest Warren Buffett Stocks
(DBN)

GM wins appeal, dismissal of $3B Saab-related Spyker suit
(DBN)

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Tax:

Swiss Banks Ask DOJ to Revise Amnesty Deals
(DBN)

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Religion:

Milwaukee archdiocese wants some sex-abuse cases dismissed from bankruptcy proceedings
(DBN)

____________

Economy:

US gasoline cheapest in nearly four years --- 5 Ways Falling Oil Prices Are Helping the Economic Numbers
(DBN)

Saudi SABIC: Oil Price Fall is Temporary --- Oil Speculators Bet Wrong as Rebound Proves Fleeting --- Oil Prices Put BP Profits at Risk --- Are Low Oil Prices Here to Stay? --- Why Lower Gas Prices Won't Bring Relief Why Lower Gas Prices Won't Bring Relief --- Earnings picture in the energy sector looks grim
(DBN)

U.S. economy on track for its best growth in 9 years
(DBN)

The Fed Is Expected To Pull Its QE Punch Bowl This Week --- US Federal Reserve Likely To Announce End Of Its Economic Stimulus Program --- Will the Fed delay the end of QE?
(DBN)

Things The Middle Class Can't Afford Anymore
(DBN)

Even Bankers See a Risk in Rising Wealth Gap
(DBN)

Krugman: Why America Won't Build Infrastructure
(DBN)

The Top 1 Percent of Wage Earners Falters in 2013 — Temporary?
(DBN)

Today’s Deficit Is Not the Problem
(DBN)

The Big Winners And Losers Of Low Oil Prices
(DBN)

Federal Workers’ Job Satisfaction Slips
(DBN)

COLA: Social Security Not Keeping Up w/ Prices
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Modifications: Senior Loans May Become Not So Senior
(DBN)

US new-home sales close to flat in September --- New-Home Sales Rose Last Month. Or Maybe They Fell. We Don’t Really Know --- Sales of New Homes Worse Than Most Years in 1980s, 1990s --- New home sales gains screech to a virtual halt in September
(DBN)

Foreclosure inventory lowest since February 2008
(DBN)

Freddie Mac: The top 5 improving metro housing markets
(DBN)

Former ‘People’s Attorney’ radio host is convicted in $10M mortgage-fraud case
(DBN)

The U.S. Housing Market in 10 Charts
(DBN)

Foreclosure Reversal Issued in Case With 'Robo-Witness'
(DBN)

Fannie Mae Settles Shareholder Lawsuit For $170 Million
(DBN)

Ocwen to hire independent firm to probe backdated foreclosure letters --- Ocwen’s bad week just got worse
(DBN)

Mississippi Lags Far Behind in Housing Recovery
(DBN)

The 50 Best Suburbs In America
(DBN)

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Municipalities:

Judge's Ruling Nears on Detroit's Debt-Cutting Plan --- Closing arguments today
(DBN)

Unidentified bidder offers $3 million for 6,000 of Detroit’s dilapidated homes
(DBN)

Seven Lessons From Detroit’s Bankruptcy For Muni Investors
(DBN)

Detroit is a phoenix, and I'm betting it will rise: Dan Gilbert
(DBN)

Detroit Seeks Public Comment On City's Budget
(DBN)

Detroit council OKs FGIC bankruptcy settlement
(DBN)

Detroit can afford $700M of new debt, adviser tells judge
(DBN)

Big pensions drive proposed tax increases on California ballots
(DBN)

How One New York County Fell Into the Tobacco Debt Trap
(DBN)

State reaches for risky private equity investment for pension fund
(DBN)

____________

Banking:

Big Banks Are Losing Ground To An Emerging Force Of Unknown Firms
(DBN)

Deutsche Bank Sets Aside Another $1.1 Billion for Legal Costs
(DBN)

The National Republic Bank of Chicago Is Closed by OCC - 16th Bank Failure of 2014
(DBN)

Unofficial Problem Bank list declines to 423 Institutions
(DBN)

Deutsche Bank Braces for $1.3bn Libor Fine
(DBN)

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Health Care:

Assets of the Closed St. Anthony’s Hospital in Houston, Texas will be Sold at Auction
(DBN)

Crittenden Regional Hospital Assets Go up for Sale
(DBN)

Tobacco Settlements: It Didn't Go Towards Health Care Costs After All
(DBN)

Life in New York in the time of Ebola --- Top US Health Official Blasts 'Draconian' Ebola Quarantines --- Reed Smith Announces Global Ebola Task Force --- A biological warfare expert's warning against false comfort in Ebola messaging --- The Ebola Epidemic Is Causing People To Lose Faith In The Medical Order --- Possible fed quarantine for health workers from W. Africa --- New York And New Jersey Will Automatically Quarantine Health Workers Returning From Ebola Zones --- Lawyers question Christie's authority --- The White House Is Pressuring Governors Cuomo And Christie To Reverse 'Hurried' Ebola Quarantine Decisions --- N.Y., N.J. governors clarify Ebola policy - Self-quarantine at home OK for returning non-symptomatic health care workers --- Christie: Ebola Quarantine Will Become National Policy --- Obama: I don't like Ebola quarantines. NJ/NY: We do --- Nurse takes on governor --- Tested Negative for Ebola, Nurse Criticizes Her Quarantine --- Nurse Blasts “Frenzy of Disorganization” at NJ Airport --- Isolated nurse to mount legal challenge of forced quarantine --- Lawmakers Take Shots at Ebola Response --- Stop Bashing the CDC --- NY businesses Ebola patient visited facing ruin --- Liberian Slum Takes Ebola Treatment Into Its Own Hands --- Aid needed to stem explosion of Ebola in Liberia: study --- Here's What Happens If Someone Shows Ebola Symptoms On The NYC Subway --- Beds at Ebola treatment units empty in Liberia --- Why is Ebola less deadly in America than in Africa? --- Dallas Ebola Clean Up Leaves Family w/ Little
(DBN)

____________

Retailing:

Amazon's loss makes holidays a question mark --- Bezos Leads Amazon To $12 Billion Quarterly Loss --- Bezos named best-performing CEO in the world
(DBN)

Depressing Photos Of Kmart Stores
(DBN)

Why Sears Was Doomed In 1978 --- Sears Has Passed The Point Of No Return
(DBN)

Believe It or Not, This Near Bankrupt Retailer Has the Highest Online Prices
(DBN)

____________

Celebs:

Curt Schilling Candid On Bankruptcy
(DBN)

The Broke and the Beautiful: OITNB Edition
(DBN)

Mick Fleetwood likens himself to Donald Trump: 'I have lost track of the number of times I have gone bankrupt'
(DBN)

____________

Mail:

US Postal Service to begin delivering groceries
(DBN)

____________

Bankruptcy Crimes:

Poplarville income-tax preparer indicted
(DBN)

____________

Electricity:

Bankruptcy Courts Fail to Enlighten on Electricity as Goods or Services
(DBN)

Energy Future Says Oncor Bids May Be Higher Than Expected
(DBN)

____________

Distressed Investing:

A lost cause? This hedge fund wants in
(DBN)

____________

Aviation:

Bankruptcy trustee proposes another deal with one of Myrtle Beach-based Direct Air’s founders
(DBN)

Air France – KLM teetering on bankruptcy : report
(DBN)

____________

Fraud:

ZeekRewards Founder Indicted For $850 Million Ponzi Scheme
(DBN)

Zeek receiver clarifies timing of refund checks
(DBN)

____________

Personal Finance:

Life 's Unanswered Questions
(DBN)

Will a Cheap Wedding Help Your Marriage? A Lesson in Causation
(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 (41 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Miscellaneous:

The Week Ahead
(DBN)

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Plan Confirmation:

District Court Reins in Separate Classification of Claims
(DBN)

____________

Avoidance Actions:

Use and Occupancy Paid for Post-Petition Cannot Be Used as New Value
(DBN)

____________

IP:

The IP pitfalls and opportunities of bankruptcy
(DBN)

Bankruptcy Court: It Is the Proper Forum for Trade Secret Dispute
(DBN)

____________

TBTF:

Boies Labels AIG Bailout Cozy Deal as U.S. Preps Defense
(DBN)

____________

Labor:

Proposed Bankruptcy Fairness and Employee Benefits Protection Act of 2014 would place significant restrictions on employers in bankruptcy
(DBN)

____________

Litigation:

Excalibur Litigation Funders Take Another Hit
(DBN)

____________

Insurance:

D&O Insurance: Contractual Liability Exclusion Precludes Coverage for Negligent Misrepresentation Claims
(DBN)

____________

Mass Torts

All asbestos claims filed after established bar date disallowed in Garlock bankruptcy
(DBN)

____________

Tech:

Apple supplier GT Advanced’s bankruptcy puts big hurt on staffing firms
(DBN)

____________

Auto Racing:

'F1 is completely unsustainable'
(DBN)

____________

Education:

The Average SAT Score For Every College Major
(DBN)

____________

Fairs:

Northeast Arkansas District Fair Files For Chapter 11 Bankruptcy
(DBN)

____________

Agriculture:

Guar farmers to get 75 cents on the dollar in settlement
(DBN)

Turner Grain Merchandising Files $25M Bankruptcy
(DBN)

Decline of California Agriculture Has Begun
(DBN)

____________

Politics:

With Praise, Hillary Clinton Keeps an Adversary Close
(DBN)

____________

Sovereigns:

Courtroom Drama: Argentinian Sovereign Debt
(DBN)

Holdout Files New Complaint Against Argentina Over Defaulted Debt
(DBN)

Another hedge fund sues Argentina for $835 mln --- Argentina Bond Fight Judge Griesa Gets New Ken Dart Suit
(DBN)

Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing
(DBN)

____________

UK:

Monarch airline's rescue package takes off
(DBN)

Bankrupt Tory tycoon faces curb on financial life
(DBN)

Bankruptcy body holds £20million in unclaimed funds
(DBN)

Bankruptcies at lowest level in over six years
(DBN)

No wonder superstores are dying
(DBN)

Tesco Bondholders Seeing Cut to Junk Join Shopper Exodus
(DBN)

Lloyds Falls as Stress Test Threatens Return to Dividend
(DBN)

Lawyer jailed for tax fraud, bankruptcy perjury
(DBN)

____________

EU:

Four out of five eurozone banks pass ECB health test --- 25 Banks Failed --- What test failures mean for EU’s banks
(DBN)

ECB List of Failing Banks Shrinks If You Read Small Print
(DBN)

Despite Good News From ECB Tests, German Banks Still Face Challenges
(DBN)

Europe Stocks Are Little Changed After Stress Test
(DBN)

Europe's bank test celebrations mask mounting challenges
(DBN)

After stress test, will euro banks see lending uptick?
(DBN)

Draghi Sets Stimulus Pace as ECB Reveals Covered-Bond Purchases
(DBN)

David Tepper: Short The Euro
(DBN)

The debt of some euro-zone economies looks unsustainable
(DBN)

Why Europe is doomed, in 3 paragraphs
(DBN)

____________

PIIGS:

The World's Oldest Bank Is Today's Biggest Loser --- Monte Paschi will not ask for more state aid --- Italy's Monte dei Paschi shares suspended after 'stress tests'
(DBN)

9 Italian banks fail stress tests --- Italy’s stress test fail: Attack of the ‘drones’ --- What Two Pasta Factories Tell Us About The Italian Economy --- Italy's Economic Suicide Movement
(DBN)

Greece Puts a Happy Face on Stress Test Results --- Greece's Economic and Political Traps --- Greek bank shares rally after positive ECB test outcome
(DBN)

____________

Germany:

German Ifo Business Confidence Drops for Sixth Month --- 22-Month Low
(DBN)

____________

Brazil:

Rousseff Win Bad For Brazil Markets - Wall Street Will Not Be Kind --- ETF That Tracks Brazil's Stock Market Is Crashing --- It's Going To Be A Brutal Year For Rousseff
(DBN)

____________

MENA:

Foley, Other ISIS Hostages Suffered Horrific Torture Before Execution
(DBN)

Pakistan Considering Cannibalism Law After Cannibal Brothers Keep Getting Arrested
(DBN)

____________

Russia:

Russia Brain Drain Saps Talent as Sanctions Hit Financing
(DBN)

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