September 30, 2014

The Daily Bankruptcy News

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Law:

Global Law Firms Chart Slow But Steady Growth --- Revenue at Biggest 100 Law Firms Rose 4.3% in 2013 --- The Global 100 Rankings: Which Biglaw Firms Are The Richest In The World?
(DBN)

Are key partners on board for merger of Bingham and Morgan Lewis? --- What Needs To Happen For the Bingham / Morgan Lewis Deal To Proceed
(DBN)

Simpson Thacher deemed fastest growing law firm
(DBN)

How Corporations Actually Choose Outside Counsel
(DBN)

In-house Counsel Take Stock of Work-Life Balance
(DBN)

These 5 firms argued half of all SCOTUS cases last term
(DBN)

Bernstein Shur Adds New Restructuring Attorney
(DBN)

I Walked Into An Apple Store And Bent An iPhone 6 Plus --- 'I've Bent 3 iPhones Now, And They All Bend In Exactly The Same Place'
(DBN)

3 Lies You Tell Yourself That Kill Your Productivity
(DBN)

Departure Memo Of The Day: A Beery Farewell
(DBN)

Seeking forgiveness for a bad work result? State the facts, and don’t offer a vague excuse
(DBN)

And The Award For Worst Board Of Law Examiners Goes To…
(DBN)

18 Body-Language Tricks To Make A Great First Impression
(DBN)

Mistrust of police is highest where law enforcement is most needed
(DBN)

Bankruptcy Issues For Healthy Companies: What Creditors Face
(DBN)

Best Lawyer Ad Of All Time? --- Need A Lawyer? Call The Law Hawk!
(DBN)

Instagram Gets Trolled After Sending Cease And Desist Letter To ‘S---s of Instagram’
(DBN)

Donald Trump Threatens To Sue After Accidentally Tweeting A Picture Of Serial Killers
(DBN)

Louisiana Restaurant Offers 10 Percent Discount for Gun-Toting Customers
(DBN)

Judge Writes Stinging Ruling Against 6 Jail Guards Who Hog-Tied A Mentally Ill Man
(DBN)

Police Bust College Student On Jogging While Intoxicated Charge
(DBN)

Mom pulled over has baby in trunk
(DBN)

WalMart Blames Tracy Jordan for Injuries
(DBN)

Mug Shots
(DBN)

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Judges:

Judge Brian Lynch Now the Chief Bankruptcy Judge for Western District of Washington
(DBN)

The remarkable Justice Ruth Bader Ginsburg
(DBN)

Justice Ginsburg's Twisted Logic
(DBN)

What is Justice Ginsburg’s message to young feminists?
(DBN)

Justice Ruth Bader Ginsburg Thinks This Is The Worst Supreme Court Ruling
(DBN)

Should the Private Sector Drive PACER?
(DBN)

Should Federal Judges Have to Turn over Their Medical Records?
(DBN)

Special committee is appointed to investigate federal judge accused of domestic violence
(DBN)

Did any Pennsylvania judges receive ‘p---gate’ emails? Chief justice wants to know
(DBN)

Judge says lawyer appeared unsteady and disheveled in court, orders drug test and jailing
(DBN)

Judges on the Campaign Trail
(DBN)

Former Texas judge admits stealing dead man’s Social Security benefits
(DBN)

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Wall Street:

U.S. Stock -Index Futures Climb Before Sentiment Report
(DBN)

Global stocks mostly higher after after Wall Street declines, Hong Kong protests
(DBN)

Stocks close lower, following drops overseas
(DBN)

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Layoffs:

1 in 5 of U.S. workers were laid off in past five years, study says
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

The College Majors With The Biggest Lifetime Earnings
(DBN)

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Healthcare:

Rauner hit on HomeBanc failure
(DBN)

Rauner questioned about Trans Health Care connections
(DBN)

Miller: Rauner needs to get facts straight
(DBN)

Not all the dots connect on new Quinn attack ad against Rauner business deal
(DBN)

Source: Hampden County Physician Associates to file for bankruptcy; many doctors joining Mercy Medical Center
(DBN)

NRMC employees question PERS payments at bankruptcy hearing --- No option left: Judge said he will approve hospital sale
(DBN)

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Pharma:

Troubled AMAG snaps up fresh-from-bankruptcy Lumara in $1.25B deal
(DBN)

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Paper:

Great Northern creditors want bankruptcy case moved to Maine --- Trustee objects
(DBN)

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Alternative Energy:

Vision Industries Has Ties to Really Cool People
(DBN)

Ericsson to Buy Ambient Corp. Out of Bankruptcy
(DBN)

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Student Debt:

US Treasury doesn't see student loans leading to meltdown
(DBN)

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Brokers:

Illinois Federal Court Permits Customer and IB Claims to Proceed Against U.S. Bank Over Peregrine Collapse
(DBN)

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Weather:

Water rationing hits California: limit of 50 gallons per person per day or face fines of $500
(DBN)

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Tax:

Escaping Taxes in Bankruptcy Through S Corporations
(DBN)

Fed Report: IRS Bungles Hunt for Unpaid Taxes
(DBN)

Tax breaks worth billions set to expire unless Congress acts
(DBN)

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Construction:

Truland asks again for more time to detail who it owes
(DBN)

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Economy:

Study finds recession can postpone motherhood forever
(DBN)

Consumer spending rises 0.5%, personal income up 0.3% --- Americans are spending again
(DBN)

27 new billionaires in richest Americans list --- Inside The 2014 Forbes 400: Facts And Figures About America's Wealthiest --- The Incredible Life Of Bill Gates, Who Is Still America's Richest Man --- Larry Ellison Is A Billionaire Today Thanks To The CIA --- The Richest Women In America 2014
(DBN)

Dallas Fed report: Texas manufacturing growth accelerates in September
(DBN)

Richard Fisher Raises Worry About Inflation
(DBN)

Bill Clinton: Why US Wages are Stagnant
(DBN)

Finally, The US Manufacturing Renaissance Is Happening
(DBN)

Pending home sales dip in August as investors pull back
(DBN)

Bill Gross exit could cost Pimco $400 billion --- Gross's Last Defiance Stuns Allianz, Pimco in Janus Move --- PIMCO Just Erased Bill Gross From Its History --- Vanguard, BlackRock May Reap Billions From Pimco After Gross Exit --- Pimco Staff Are 'Frantic And Sad'
(DBN)

Here's Where The US Really Gets Its Oil
(DBN)

A 'Poisonous Combination' Of Debt and Stagnation Could Sink The Recovery
(DBN)

Gross Trades Against Gross. Should Be Fun for Pimco
(DBN)

Why Peak-Oil Predictions Haven't Come True
(DBN)

US poised to become world’s leading liquid petroleum producer
(DBN)

Wealthiest ZIP Code In The Nation
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Contracts to buy homes slide in August --- Down 2.2% year-over-year
(DBN)

Program seeks to speed up backlog of foreclosures - Trustees would conduct short sales while homes are still tied up in bankruptcy
(DBN)

US top court, in reversal, dismisses IndyMac securities case
(DBN)

Flagstar Bank to Pay Homeowners 27.5 Million
(DBN)

Stock Falls 45% After Company Abandons Plan To Become A REIT, Decides To Move To Canada
(DBN)

A High-Frequency Trader Is Selling The Most Expensive Home In Houston For $43 Million
(DBN)

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Municipalities:

Detroit Bankruptcy Judge Refuses to Halt Water Shutoffs --- No right to free water --- Judge's decision on Detroit water shutoffs may be appealed
(DBN)

Day 12: Detroit’s Bankruptcy Trial
(DBN)

Judge allows suit to proceed over closed-door Orr talks --- Davis can sue Detroit council over Orr tenure deal
(DBN)

Holdout creditor FGIC wants Detroit cash, land --- Source: Detroit close to deal with last major creditor
(DBN)

Michigan's emergency manager law worked after all
(DBN)

Here is a brief overview of Merrill, Michigan's 1987 bankruptcy filing
(DBN)

Stockton schedules special city council meetings Tuesday and Wednesday
(DBN)

Why everybody is moving to Texas
(DBN)

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Retailing:

American Apparel Hires Turnaround Expert As Interim CEO --- More drama at American Apparel
(DBN)

In Sears free fall, its CEO may do well
(DBN)

RadioShack Still Fighting An Uphill Battle?
(DBN)

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Mass Torts:

Death toll from GM ignition switches now at 23
(DBN)

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Lehman:

Revisiting the Lehman Brothers Bailout That Never Was
(DBN)

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Personal Finance:

The Worst Things To Buy In October
(DBN)

8 Surprising Things You Can Get For Free
(DBN)

Becoming Financially Independent: Habits to Make You A Millionaire
(DBN)

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Celebs:

'Real Housewives of New Jersey': The United States vs. Joe and Teresa Giudice
(DBN)

Teresa Giudice To Be Fired From ‘Real Housewives of New Jersey?’
(DBN)

Teresa Giudice Sentence Hearing: Bravo Star Likely To Be On House Arrest, But Reportedly Can't Find New Home
(DBN)

Antoine Walker no longer embarrassed over being broke
(DBN)

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Gambling:

Would-be Revel buyers slated to reconvene for Tuesday auction in New York City
(DBN)

Bidder for Atlantic City's Revel to contest auction if he loses
(DBN)

Millions sought to keep Trump Taj Mahal open
(DBN)

Mayor Don Guardian Declines to Lower Taxes to Save Trump Taj Mahal
(DBN)

Ichan weighs $100M bid to save Taj Mahal casino --- Trump's Last-Ditch Effort to Save Casino May Include Carl Icahn - Billionaire Investor Weighs $100 Million Capital for Casino If Union Agrees to New Deal
(DBN)

Trump Entertainment bankruptcy case ramps up
(DBN)

Trump Entertainment: End union pension for casino
(DBN)

Caesars ‘loyalty’ ruling a win for Leon Black’s Apollo, increases likelihood of casinos' bankruptcy filing
(DBN)

Ultimate Poker Future Unclear After New Jersey Exit
(DBN)

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Autos:

Ford shares plunge on bad news
(DBN)

Ford Europe Return To Profit Delayed, Long-term Forecast Cut
(DBN)

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Aviation:

Chicago shutdown will cost airlines 'hundreds of millions'
(DBN)

Chicago Flight Disruptions Ease as FAA Shifts Air Control
(DBN)

Danish airline calls it quits
(DBN)

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Fraud:

Big Banks Manipulated $21 Trillion Dollar Market for Credit Default Swaps
(DBN)

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Bankruptcy Crime:

Montour man sentenced to 18 months for bankruptcy fraud
(DBN)

Williamstown woman indicted for bankruptcy fraud after inheriting $100k from nursing home patient
(DBN)

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Publishing:

NYC publisher agrees to pay $1.6M for Good Books
(DBN)

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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 (18 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)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Finance:

Make Whole Provisions In Bankruptcy
(DBN)

MPM Silicones Latest Court to Whittle Away at Secured Creditor Protections: Plan Confirmed Providing Secured Creditors with Below Market Replacement Notes
(DBN)

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Cross-Border:

Second Circuit Vacates Bankruptcy Court's Refusal to Review Foreign Debtor's Sale of U.S. Asset
(DBN)

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TBTF:

Ex-AIG Chief Greenberg Looks to Scorch Government in Trial
(DBN)

The AIG Bailout Trial – The Short Answer --- AIG Shareholders Have Day in Court: What's at Stake? --- A.I.G. Trial Witnesses Will Be Central Cast From 2008 Crisis
(DBN)

Greenberg suit claims AIG was penalized
(DBN)

As AIG Trial Begins, Hank Greenberg Makes the Case for Hank Greenberg
(DBN)

Will We Find Out Why The Feds Did What They Did?
(DBN)

AIG Bailout by U.S. Was 'Extortion,' Greenberg Lawyer Says
(DBN)

Bizarre Trial Accuses Government Of Illegally Bailing Out AIG
(DBN)

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Food/Beverage:

Judge: Crumbs-Branded Cupcakes Can Stay in Stores for Now
(DBN)

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Banking:

SEC Investigation Sheds Light on BofA's $4 Billion Mistake
(DBN)

UBS Restructuring Shows Need for Banking's Simpler Future - But Ending 'Too Big to Fail' Is Going to Be Costly
(DBN)

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Sovereigns:

Griesa to decide whether to hold country in contempt
(DBN)

Argentina in Contempt of Court, U.S. Judge Rules --- Argentina Found In Contempt --- Argentina Found in Contempt by NY Bond Fight Judge --- US debt sanctions would be illegal, says Argentina --- US judge Thomas Griesa declares Argentina in contempt of court, monetary fine decision postponed
(DBN)

US court ruling on Argentine debt violates int'l law
(DBN)

Argentina to deposit Par coupon payment Tuesday -source
(DBN)

U.S. Courts To Join Holdouts In Argentina Repossession Game?
(DBN)

Argentina Asks Judge to Deny Hedge Funds' Contempt Bid
(DBN)

Argentina warns US of 'consequences' of possible judge Griesa contempt order
(DBN)

So Long, Then, Cristina Fernandez De Kirchner
(DBN)

Citi Can Make Argentine Bond Payment
(DBN)

What happens if Nauru runs out of money?
(DBN)

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UK:

Insolvency Claims – The end of recovering premiums and success fees
(DBN)

U.K. GDP Grows 0.9% as Strength of Recovery Revised Up
(DBN)

Royal Bank of Scotland cuts $1.3 billion from provision pot as economy improves
(DBN)

Begbies warns of challenging year ahead --- Begbies bemoans challenging insolvency market
(DBN)

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EU:

Weak eurozone inflation data raises pressure on ECB
(DBN)

EU questions Ireland's tax deal with Apple
(DBN)

Eurozone Inflation Continues To Slip
(DBN)

Europe Ticking All the Wrong Boxes Starts Mirroring Japan
(DBN)

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PIIGS:

Could Fraud and Money Laundering Litigation Impede Miami's Espirito Santo's Bank Sale? --- Espirito Santo Bank sued over bad $38M investment in related company
(DBN)

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Canada:

No Loss is No Defense: Asset-Flipping and Fraudulent Misrepresentation in Receiverships
(DBN)

XS Cargo fails to restructure, starts liquidating stores --- Discount retailer to close its 50 stores
(DBN)

U.S. Steel bankruptcy affects small businesses
(DBN)

Canadian Economy Still Waiting for its Growth Spurt
(DBN)

U.S. Steel seeks incentive payouts to retain 'key employees'
(DBN)

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Germany:

German Unemployment Unexpectedly Rises as Risks Increase
(DBN)

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Hong Kong:

Hong Kong Protesters Are Furious About A 30-Year-Old Broken Promise
(DBN)

Day 2 Hong Kong Protests: Unbelievably Huge --- Hong Kong protesters brace for police action
(DBN)

Hong Kong's Tipping Point Is Coming --- Hong Kong Leader Says Beijing Won't Back Down
(DBN)

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China:

China manufacturing steady in Sept.: HSBC PMI
(DBN)

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MENA:

ISIS Seems To Be Getting Closer And Closer To Baghdad
(DBN)

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Brazil:

Brazil corporate defaults fall in August, Serasa says
(DBN)

Brazil Study Shows 30 Ethanol Mills Near Bankruptcy , Valor Says
(DBN)

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Jamaica:

MIIC: Bankruptcy Act to be tabled today
(DBN)

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Australia:

Insolvency Update
(DBN)

SMEs dominate corporate insolvency rates
(DBN)

September shocker as Australian shares lose $90 billion
(DBN)

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