April 1, 2015

The Daily Bankruptcy News

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Law:

Wiley Rein cuts a combined 48 attorneys and staff
(DBN)

Associate Bonus Watch: Mixed Feelings — Plus Changes To Base Salaries — At McDermott Will & Emery
(DBN)

Why are so many former Dewey partners moving on to new firms?
(DBN)

Two Duane Morris partners resign after malpractice suit alleges their own LLC collected fees Duane Morris partners resign after malpractice claimed
(DBN)

Parsing the Value of Law Firm Brand Rankings
(DBN)

Physical Office Required for Nonresident's NY Practice
(DBN)

4 BigLaw Firms Join Female Attorney 'Returnship' Program
(DBN)

Despite witnesses taking the Fifth, judge OKs trial of 3 lawyers accused of DUI setup
(DBN)

Judge tosses bias suit by former Booz Allen lawyer
(DBN)

Clifford Chance lawyers prepare to swap their suits for hoodies that are color-coded by rank
(DBN)

2014 was a year of gains for law firms
(DBN)

Wachtell Lipton, Looking Out For The Little Guy
(DBN)

Law Firm Partner Charged After Pretending To Be A Lawyer For A Decade
(DBN)

Dewey Execs Can Tell Jury They Expected Firm To Recover How The Dewey Execs Found Themselves Facing Prison
(DBN)

Beyond Biglaw: Respect Is In The Details
(DBN)

The Best iOS Spreadsheets for Lawyers | Legaltech News
(DBN)

Law Firms Are Buying Cyber Insurance Cyber liability insurance is an increasingly popular, almost necessary choice for law firms
(DBN)

100 innovations in law
(DBN)

20 apps to help provide easier access to legal help
(DBN)

A gentleman only needs these 5 items to transition his wardrobe to spring
(DBN)

Indiana governor now wants a 'fix' to controversial religious freedom law Indiana gov: Need to fix legislation this week History of US Religious Freedom Laws Debate on Religious Freedom Law Explained Arkansas Sends Religious Freedom Bill to Gov. Walmart asks Arkansas gov to veto religion legislation
(DBN)

Patriots Owner Testifies In Hernandez Murder Case Hernandez Fiancee Does Her Best Tammy Wynette in Murder Trial
(DBN)

California lawyer's unusual YouTube video leads to awe, ire and clicks
(DBN)

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Judges:

Tentative Selection of a Bankruptcy Judge for the District of New Jersey
(DBN)

What is appropriate punishment for judge who punched assistant public defender?
(DBN)

Judge Judy creates new show to teach viewers about ‘crapshoot’ justice system
(DBN)

Judge’s home is raided; lawyer maintains his innocence of any charges that may be brought
(DBN)

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Wall Street:

US Stock Futures Edge Lower Ahead Of ADP Report
(DBN)

Stocks close volatile quarter mixed: S&P up, Dow down
(DBN)

Traders are betting on stocks with tons of borrowed money
(DBN)

US futures flash crash signals big correction Sam Zell: Why a stock correction could be coming
(DBN)

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Layoffs:

New jobs for older workers come with a pay cut
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Elizabeth Warren: 'I'm not running, I'm not running'
(DBN)

What The Hillary Clinton E-mail Scandal Means For Lawyers
(DBN)

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Retailing:

RadioShack Rescue Deal Clears Bankruptcy Court US judge to allow RadioShack to sell 1740 stores RadioShack Sale Approved, Keeping Hundreds of Stores Open A Slimmed-Down RadioShack Exits Bankruptcy Court Bankruptcy judge OKs Standard General's $160M bid for RadioShack
(DBN)

RadioShack co-branding of stores with Sprint wins court approval
(DBN)

Who Will Survive the Great Mall Shake-out?
(DBN)

Sears Holdings to form REIT for some Sears, Kmart stores
(DBN)

New Jersey company buying SkyMall in bankruptcy auction
(DBN)

Some cities offering tax abatements to find tenants for closed Alco stores
(DBN)

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Oil/Gas:

Weds. A.M.: Oil holds around $55 as Iran nuclear talks drag on Expect oil to tumble if Iran deal gets done
(DBN)

Samson Resources says may file for Chapter 11 bankruptcy Shale Producer Samson Says Bankruptcy May Be Best Option
(DBN)

Sabine’s Lenders Might Reduce Credit Line Sabine Oil & Gas working to avoid defaulting on its debt
(DBN)

Judge: Connacher's Lenders Right To Seek Repayment
(DBN)

Hercules Offshore gets Nasdaq delisting warning
(DBN)

Baker Botts Advises Global Geophysical Services
(DBN)

Frank’s International says it will cut up to 600 jobs
(DBN)

Cheap Oil Has Already Cost US 100,000 Jobs
(DBN)

The Hidden Effects of Cheap Oil
(DBN)

Oil & Gas Equity Raises: Buyer Beware
(DBN)

Oil Prices To Fall Or Fly Depending On Iranian Nuclear Talks Oil Heads for Third Quarterly Drop on Iran Deadline
(DBN)

Why OPEC Can't Kill US Oil Boom
(DBN)

Oil is heading for its longest run of quarterly drops as the deadline for an Iran deal looms
(DBN)

The Long-Term Average Price Of Oil Is $30 A Barrel
(DBN)

Bank of Canada: Economic Oil Shock Coming
(DBN)

Fracking town’s desperate laid-off workers: ‘They don’t tell you it’s all a lie’
(DBN)

Disputes arising from oil price decline
(DBN)

‘Utter Collapse’ Of Spending Might Cause US Production To Falter
(DBN)

Credit counseling in high demand in Alberta as oilpatch downturn hits home
(DBN)

Kilgore bank named in New Mexico bankruptcy complaint
(DBN)

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Fashion:

Prada is in crisis
(DBN)

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Environmental:

Feds: 2 ex-Freedom execs agree to testify on behalf of US
(DBN)

Freedom Industries, state sign spill site cleanup agreement
(DBN)

Freedom Industries reaches deal with DEP on cleanup timeline
(DBN)

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Advertising:

Out of Bankruptcy, Dex Media Show New Signs of Struggle
(DBN)

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Economy:

Huge Economic Miss From The Midwest
(DBN)

Americans' Confidence Climbs to Second-Highest Since 2007 Consumer confidence goes above pre-Great Recession level
(DBN)

Why Wage Growth Is So Slow Even in a Hiring Boom
(DBN)

Why are interest rates so low, part 2 Inflation Remains Below Target
(DBN)

Demographics and GDP: 2% is the new 4%
(DBN)

Who pays the biggest share of taxes in America
(DBN)

Texas manufacturers are blaming oil prices for March’s production slump
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices rose in January: S&P/ Case - Shiller Growth Moderates in Early 2015 Case-Shiller home prices rise in-line with expectations Case-Shiller: National House Price Index increased 4.5% year-over-year in January
(DBN)

House Prices: Real Prices and Price-to-Rent Ratio in January
(DBN)

Mortgage applications surge on spring demand
(DBN)

Priced out: New housing froth discourages buyers
(DBN)

If Receiver's Sales Aren't Foreclosures, Then What Are They?
(DBN)

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Municipalities:

Detroit Mayor Calls for End of State Oversight of City Schools
(DBN)

Detroit's anti-blight efforts turn in part to vacant, dilapidated business properties
(DBN)

Icahn: Union a big part of what's wrong with Atlantic City
(DBN)

PREPA Reveals Forbearance Details
(DBN)

GE could fund turnaround of Puerto Rico utility, documents show
(DBN)

Atlantic City Seen Following Detroit in Deferring Bond Payments
(DBN)

Vernon, TX Financial Troubles Vernon Cuts $509K from Budget
(DBN)

America's Fastest Shrinking Cities
(DBN)

Calif. Cities Don't Fare Well in Recovery Rank
(DBN)

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Rail:

Lac Megantic relatives may share $70 million
(DBN)

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Management:

6 ways to successfully manage a team through failure
(DBN)

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Corporate Reform:

JP Morgan CEO Jamie Dimon once told Elizabeth Warren to 'hit' him with a fine because the bank could 'afford it'
(DBN)

The Fed has basically infiltrated Wall Street board meetings
(DBN)

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Fraud:

The Gift That Keeps On Giving--HP Sues Autonomy Executives For Fraud Autonomy former-CEO counter sues
(DBN)

Former pastor, partner used PFGBest failure to hide scam: CFTC lawsuit
(DBN)

Renegades of Junk: The Rise and Fall of the Drexel Empire
(DBN)

March 2015 Ponzi Scheme Roundup
(DBN)

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Aviation:

Lufthansa insurers set aside $300M for Germanwings
(DBN)

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Banking:

BofA, JPMorgan, Citi, Morgan Stanley profits under pressure
(DBN)

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Privacy:

Your Personal Data Is Safe With RadioShack, But May Be at Risk Everywhere Else
(DBN)

Morris James Launches Data Privacy and Information Governance Group
(DBN)

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Healthcare:

KY Auditor: A third of rural hospitals in poor shape; closure may be ‘unfortunate reality’
(DBN)

CT: Bristol Hospital claims budget cuts could lead to bankruptcy
(DBN)

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Distressed Investing:

Goldman Sachs Distressed-Debt Head Keefe Leaves for CarVal
(DBN)

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Mass Torts:

Meaning of ‘intent’ in NYCAL order becomes issue in deposition of asbestos attorney
(DBN)

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Education:

Morris Brown’s Bankruptcy Gets College On Financial Footing, But Still Struggling For Students
(DBN)

Stop efforts to close Sweet Briar, lawsuits by county attorney and alumna urge Virginia court
(DBN)

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Student Debt:

Stop Giving Everyone a Student Loan
(DBN)

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Celebs:

'Real Housewives' Joe Giudice to face sentencing Thursday in driver’s license fraud
(DBN)

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Bankruptcy Crimes:

Car Dealer Nets 2-year Federal Sentence
(DBN)

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Currency:

How Rogue U.S. Agents Allegedly Shook Down Mt. Gox These Are The Accused Crooked Silk Road Cops And Their Terrible 'Front' Companies
(DBN)

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Asset Protection:

The Common But False Myth Of The Asset-For-LLC Interest Exchange In Asset Protection Planning
(DBN)

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Shipping:

Rough seas ahead for container shipping industry
(DBN)

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Weather:

GOP Warns World That Obama Climate Plan Can be Undone
(DBN)

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Infrastructure:

61,000 US Bridges Structurally Deficient
(DBN)

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Alternative Energy:

Citigroup says renewables will continue upward trajectory, even as crude tumbles
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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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Debt Exchange:

Tender Offer Approved to Implement Classwide Debt Exchange Outside Plan of Reorganization
(DBN)

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Lien Stripping:

Should Underwater Junior Liens Survive Bankruptcy?
(DBN)

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Jurisdiction:

Following Stern, Bankruptcy Courts Are Sending State Law Claims to the District Court for Final Review
(DBN)

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Eligibility:

Ninth Circuit Holds Discharged Debts are Still Debts for Purposes of Determining Eligibility to File under Chapter 12
(DBN)

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Cross-Border:

Foreign Representative Lacks Standing to Assert State-Law Avoidance Claims in Chapter 15 Case
(DBN)

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Tax:

Minority Shareholders Liable as Transferees for Unpaid Corporate Taxes Due to Wrongdoing of Majority Shareholders
(DBN)

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Corporate Governance:

Sponsor/Owner Series : Initial Considerations When Your Company is Heading Toward Distress—Fiduciary Duties and More
(DBN)

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Finance:

Energy Future Holdings Make-Whole Ruling Extends Rationale of Important SDNY Decisions to Delaware
(DBN)

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Recent Pleadings:

Revel Committee Says Too Soon To Sell
(DBN)

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TBTF:

Too Big to Fail Part 1 - INSOL San Francisco Conference 2015
(DBN)

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Litigation:

Searching for Meaning, Not Words in eDiscovery
(DBN)

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Gambling:

Revel hopes for sale 'soon', seeks extension on Ch. 11 case
(DBN)

Ex-Islanders owner and the ex-chairman of N.J. sports authority bid $88M for Revel
(DBN)

Revel Casino drama - new rival bidder emerges for shuttered hotel
(DBN)

Icahn: Union costs helped kill 4 Atlantic City casinos
(DBN)

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Sovereigns:

Interest payment on Argentine-law bonds due
(DBN)

Clearstream stops settlement on all Argentine bonds Argentine Bonds Fall After Clearstream Suspends Settlement
(DBN)

Sovereign Debt Update
(DBN)

Lending boom to impoverished countries threatens ‘Greece style’ debt crisis
(DBN)

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UK:

Personal insolvency changes come into effect
(DBN)

Developments in the insolvency world – The Small Business, Enterprise and Employment Bill
(DBN)

UK manufacturing activity hits 8-month high
(DBN)

Begbies snaps up Yorkshire insolvency firm
(DBN)

Pension access to prevent bankruptcy orders
(DBN)

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EU:

Euro heads for worst quarter ever, skids on Greece worries
(DBN)

A Test for the Banking Recovery and Resolution Directive
(DBN)

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PIIGS:

Greece's urgent talks have stalled without a deal and the cash is running out
(DBN)

Greece bailout talks aren’t going well. Here’s the ‘ugly scenario’ if it doesn’t get a deal Greece: current phase of reform talks wrap up in Brussels Greek bailout deal possible by end April: EU
(DBN)

ie: 'Bust' Dunne linked to $14m luxury homes in the US
(DBN)

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Canada:

Apax Partners, Omers Private Equity Inc said to hand over publisher Nelson Education Ltd to funds
(DBN)

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Germany:

Ex-Bertelsmann CEO files for personal insolvency
(DBN)

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China:

Beneath China’s GDP Slowdown
(DBN)

Bank of England Worries China May Meltdown
(DBN)

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Yemen:

UN rights chief warns Yemen on verge of 'total collapse'
(DBN)

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Argentina:

Argentine workers walk out in general strike over taxes
(DBN)

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Brazil:

Units of Brazil's OAS file for bankruptcy protection amid scandal OAS Files for Bankruptcy Protection After Cut Off by Petrobras
(DBN)

Brazil Builder Collapse Jeopardizes World Cup Stadiums
(DBN)

Petrobras investors claim PwC ignored red flags of fraud
(DBN)

Petrobras independent director to quit board
(DBN)

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Cyprus:

Insolvency framework left hanging till after Easter
(DBN)

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Australia:

How a US Chapter 11 review could impact Australian insolvency law
(DBN)

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Russia:

Russia's Rosneft Settles Longstanding Legal Dispute With Yukos
(DBN)

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