April 15, 2015

The Daily Bankruptcy News

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Law:

Citi Survey: Law Firm MPs Less Confident About Economy
(DBN)

Should Law Firms Follow General Electric's Lead?
(DBN)

What’s Your GE Capital Practice?
(DBN)

Polsinelli Adds Distressed Health Care Specialist To Open Nashville Office
(DBN)

Insurer Aims at New Target in Dewey Bond Offering Suit
(DBN)

Georgetown, DLA and Arent Fox Launch Low-Cost Firm
(DBN)

Bankruptcy Lawyers Have Right to Work
(DBN)

No Privilege for Defunct Companies, Judge Concludes
(DBN)

Ave Maria Law School to Purchase Vineyards Campus as Permanent Home
(DBN)

Playing Fast and Loose With Law School Transfers
(DBN)

Harvard Parody: "Bust a Moot" (ft. Elena Kagan and Eliot Spitzer")
(DBN)

A New Way To Rate Law Schools: By How Quickly You Can Pay Off Your Loans
(DBN)

Organ Projects 2.6% Decline in Fall 2015 1L Enrollment, With 12.4% Decline in 165+ LSATs, 4.1% Increase in <150 LSATs
(DBN)

Litigators Who Don’t Know Enough About E-Discovery Should Be Afraid, Very Afraid
(DBN)

Which Biglaw Firm Makes Partners Write Essays To Prove Why They Should Be Paid?
(DBN)

Litigation Finance: Lake Whillans Is NOT The Iron Bank Of Braavos
(DBN)

Beyond Biglaw: Lessons From Jury Duty (Part 2)
(DBN)

Cahill's Unconventional London Office
(DBN)

Harvard Law School Now Wants Older Applicants
(DBN)

Under ABS Structure, Cahill Makes London Litigation Debut
(DBN)

Trial Looming, Uber Drops Morgan, Adds Gibson
(DBN)

Gardere Has a Solid 2014
(DBN)

Slow Start, Strong End to 2014 for Munsch Hardt
(DBN)

3 Questions To Ask When Considering the Cloud
(DBN)

This could be the Apple Watch's first killer app
(DBN)

The Best iPad Stylus
(DBN)

Boutique Law Firm Benefits From Dropbox Alternative
(DBN)

Lawyers to be offered new .law domain names for $200 a year
(DBN)

Here's how to expertly repair the damage this horrible winter did to your leather shoes
(DBN)

Guy who was charged with attempted murder as part of notorious 'Jena 6' got a full ride to law school
(DBN)

Employer who nixed $400K settlement now owes $270K plus $2.1M in attorney’s fees, federal judge says
(DBN)

Polluted town in movie about Erin Brockovich’s work for $333M settlement is largely gone
(DBN)

10 things the police won’t tell you Reserve deputy who mistook gun for Taser is charged in fatality; ACLU blames ‘buy a badge’ program
(DBN)

Former prosecutor offers a terrifying explanation for why he helped convict an innocent man
(DBN)

Lawyer Becomes Fugitive From Justice
(DBN)

Jail Terms Handed To Most Atlanta Teachers Convicted In Cheating Scandal
(DBN)

Lawyer Learns That Toilet Cameras Involve Moral Turpitude
(DBN)

Craigslist Ads Sink Moronic Counterfeiter
(DBN)

Window washer who survived 11-story fall is sued by driver whose car he struck
(DBN)

Man Pays Ticket With Origami Pigs
(DBN)

Say What?!
(DBN)

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Judges:

Supreme Court Clerk Hiring Watch: Shout-Outs From Justice Kagan, And The Leading ‘Feeder Firm’
(DBN)

Battery charge against U.S. judge dropped, angering congresswoman
(DBN)

Former Judge Charged With Extorting Clients
(DBN)

Posner Mania — Two New Books Coming this January: One by Posner, the other on Posner
(DBN)

Sandra Day O'Connor's post-court legacy: Civics games
(DBN)

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Wall Street:

Stock futures gain ahead of data, BofA
(DBN)

Stocks close mixed: Dow, S&P rise; Nasdaq drops
(DBN)

Bubble fears are the highest in 15 years
(DBN)

Fed official warns ‘flash crash’ could be repeated
(DBN)

Goldman’s 19 Best Stocks to Short
(DBN)

Corporate Pension Funds Pile Into Bonds
(DBN)

Odd indicator is ‘significant concern’ for stocks
(DBN)

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Layoffs:

Today's Personality Tests Raise the Bar for Job Seekers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Electricity:

Energy Future Holdings reveals its path out of bankruptcy Energy Future files $42 billion Chapter 11 reorganization plan Energy Future Talks Aim to Raise $11 Billion, End Bankruptcy Texas power firm Energy Future lays out debt overhaul plan
(DBN)

The Plan Disclosure Statement
(DBN)

Energy Future Holdings moves to begin bankruptcy trial in November
(DBN)

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Heating Oil:

Probe into Norton Oil's sudden closure ends
(DBN)

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Aviation:

Is American Airlines Group's Debt Load Too High?
(DBN)

TSA Screeners Manipulated System To Grope Men
(DBN)

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Gambling:

Generator trucks arrive at powerless Revel casino site
(DBN)

Straub moves to evict Revel power operator Generators arrive at Revel; power struggle continues in court
(DBN)

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Buses:

Hoyt Ready to Exit Bankruptcy After Successful Restructuring
(DBN)

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Housewares:

EveryWare Sales Fall on Declines in Every Segment
(DBN)

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Publishing:

Bankruptcy sale of Family Christian Stores scheduled for early June
(DBN)

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Mass Torts:

Los Angeles Asbestos Court Demands Bankruptcy Trust Transparency
(DBN)

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Student Debt:

The Student-Loan Problem Is Even Worse Than Official Figures Indicate
(DBN)

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Currency:

Bitcoin Foundation is “effectively bankrupt,” board member says
(DBN)

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Healthcare:

Big Bills A Hidden Side Effect Of Cancer Treatment
(DBN)

The problem with Congress's new plan to pay Medicare's doctors
(DBN)

Health care consulting firm laying off 88 workers
(DBN)

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Economy:

Normal interest rates are still far away
(DBN)

Lackluster Rebound in U.S. Retail Sales Shows Consumers Hesitant
(DBN)

Post-Recession, Have U.S. Consumers Abandoned Their ‘Shop ‘Til You Drop’ Mentality?
(DBN)

Where the poor and rich really spend their money
(DBN)

When work isn’t enough to keep you off welfare and food stamps
(DBN)

Farrell on how the inequality bubble is accelerating Inequality Worse Than 1929 or 1789
(DBN)

NFIB: Small Business Optimism Index decreased in March
(DBN)

IMF: Low oil prices will spur global economy MF says currency shifts support global economic growth IMF ‘complex forces’ are shaping world economy with growth moderate US, European stocks in red after IMF report IMF sees wider split in growth prospects
(DBN)

The average man's retirement account contains $139000. For women, it's $82000.
(DBN)

Is $70,000-a-year minimum wage genius or crazy?
(DBN)

Wells Fargo Sees Rare Profit Dip
(DBN)

The 9 jobs where women earn more than men The Gender Wage Gap in Eight Charts
(DBN)

4 High-Earning Careers Surprisingly Likely to Lead to Bankruptcy
(DBN)

Bye-bye USA: Investors putting money elsewhere
(DBN)

We Pay Less in Taxes Than Most Countries
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Q1 Report on Commercial Real Estate
(DBN)

Weekly mortgage applications drop as rates tick higher
(DBN)

Houses passes Mortgage Choice Act of 2015 by 286-140
(DBN)

Homeowner value perceptions don’t mesh with appraisal realities
(DBN)

No One Knows What to Do With This 76-Foot-Deep Hole in Chicago
(DBN)

It’s Even Hard to Buy a House When Your Father Runs Wells Fargo
(DBN)

Billionaire Greene buys oceanfront mansion at bankruptcy auction
(DBN)

Ocwen reports loss of $546 million in 2014
(DBN)

It’s over: SEC settles with Freddie Mac executives
(DBN)

Appeals court denies rehearing in Civic Partners case
(DBN)

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Municipalities:

Detroit and Stockton Failures May Signal More Widespread Problems Fed official hints many cities to follow Detroit bankruptcy road
(DBN)

Detroit bankruptcy shows 'daunting challenge' of managing municipal finances
(DBN)

IL Governor Says Chicago Headed For Bankruptcy Thinks schools heading toward bankruptcy too
(DBN)

Puerto Rico Not Trying To Entirely Steal Greece's Playbook, But…
(DBN)

Pouring fuel on Puerto Rico's financial fire
(DBN)

Bondholder plan to restructure Puerto Rico's PREPA is flawed-CRO PREPA Restructuring Officer Says No Debt Decision Made
(DBN)

New York's Leaky Public Pension Funds
(DBN)

Calpers raises pension contribution rates in CA by 6%
(DBN)

Christie urges benefit cuts as N.J. retiree rush strains pension
(DBN)

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Finance:

JPMorgan says banks may be making 'bad loans' as LBOs boom
(DBN)

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Oil/Gas:

Tues. P.M.: Oil rises on US output dips, Middle East tensions Oil tops $53 to settle at highest level in a week
(DBN)

Oil demand seen rising, but Iran calls for cut Don't expect OPEC to budge on Iran’s call
(DBN)

Bankruptcy "Essentials" in a Low-Price Environment
(DBN)

Oil Layoffs Hit 100,000 and Counting Survey: Oil workers value job security; oil executives value bonuses
(DBN)

Supply or demand? IMF breaks down collapse in oil
(DBN)

One-two punch from hedge funds may be lurking for oil
(DBN)

EIA Projects "U.S. energy imports and exports come into balance, First time since the 1950s"
(DBN)

Cheap crude won’t slow U.S. oil fields by much, EIA says
(DBN)

Shale Boom Finally Starting to Go Bust
(DBN)

Oil-rich nations selling off petrodollar assets at record pace
(DBN)

Oil in 2040: $252. Or $76. Or Somewhere in Between. Or Not.
(DBN)

U.K. at risk from oil shakeout: IMF
(DBN)

Junk Bond Market Thaws as Norway Learns to Live With Oil Slump
(DBN)

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Privacy:

RadioShack Consumer Data Might Be Back Up For Auction RadioShack presses ahead with plan to sell customer data
(DBN)

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Retailing:

Retail sales spring back 0.9 percent in March. Is the economy back on track?
(DBN)

D&H Reaching Out To Independent RadioShack Dealers
(DBN)

JC Penney executive inadvertently discloses sales Same-store sales outlook tops expectations J.C. Penney Turnaround Still Unlikely
(DBN)

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Celebs:

Gretchen Rossi’s Ex-Boyfriend Jay Photoglou Still Owes Her $500K
(DBN)

One in Six NFL Players Goes Bankrupt Within 12 Years of Retirement Why NFL Players Are So Likely to Declare Bankruptcy —and Die Early
(DBN)

Tax Havens: Celebrities Sheltering Money
(DBN)

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Tax:

Swiss Banks Preach Transparency in U.S. Tax Evasion Endgame
(DBN)

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Fraud:

1 HSBC Swiss account, 3 swindlers, missing millions
(DBN)

Notorious Tax Cheats: Billionaire Olenicoff Still Battling UBS Over $200 Million Offshore Stash
(DBN)

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Personal Finance:

The only 5 things you need to bring to a job interview
(DBN)

What you REALLY sound like when you lie to your boss about going on a job interview
(DBN)

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Non-Profits:

Inside FEGS' Financial Free Fall
(DBN)

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Weather:

California water supplier slashes summer deliveries
(DBN)

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History:

37 maps that explain the American Civil War
(DBN)

150 years ago, Abraham Lincoln was shot. Historians still argue over what happened next.
(DBN)

There are about 15,000 books on Abraham Lincoln — here are the 7 you should read
(DBN)

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MLM:

Avon Eyes Possible Sale Amid Deep Woes
(DBN)

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Coal:

Is The Coal Market Finally Capitulating?
(DBN)

Murray American lays off more than 200 West Virginia mine worker
(DBN)

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Shipping:

Alix Partners: Shipping On The Rocks
(DBN)

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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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (2 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:

Q1 Bankruptcy Filings Fall 15%
(DBN)

U.S. public companies seek bankruptcy at fastest 1st-qtr rate since 2010
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Changes to “Flexible Finality”? Civic Partners and the Supreme Court Oral Argument in Bullard
(DBN)

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Miscellaneous:

CA: Bankruptcy Year In Review 2014
(DBN)

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Subordination:

Mandatory Subordination: How Even A Money Judgment Can Be Treated Like Equity In Bankruptcy
(DBN)

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Involuntary Bankruptcy:

Creditors Beware: Eleventh Circuit Imposes Greater Liability on a Petitioning Creditor Whose Petition is Later Dismissed
(DBN)

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Bankruptcy Reform:

Why Has Chapter 11 Failed as a Reorganizing Chapter?
(DBN)

Too Poor to File (for Bankruptcy)
(DBN)

Fed: Insolvency after the 2005 Bankruptcy Reform
(DBN)

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Professional Compensation:

Fifth Circuit Kills Controversial Attorney Fee Rule
(DBN)

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UCC:

JPMorgan Loses Rehearing Bid to Renew Security of Accidentally-Terminated $1.5 Billion GM Loan
(DBN)

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Banking:

Ninth Circuit Holds that the FDIC is Subject to Damage Claims for Breach of Bank’s Pre-Receivership Contractual Obligations
(DBN)

Bank of America Swings to Quarterly Profit
(DBN)

JPMorgan shares hit record after beating forecasts
(DBN)

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TBTF:

Financial reform is working, kind of: GE doesn’t want to be a bank anymore
(DBN)

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Politics:

Christie plan could turn Social Security into welfare Billionaire Fund Manager: It's 'ridiculous' that I could get a $2,500 Social Security check
(DBN)

Chris Christie's plan to win the White House is to tell people what they don't want to hear
(DBN)

Clinton calls out CEOs for making too much money
(DBN)

The big issue with Hillary Clinton running against inequality
(DBN)

Hillary Clinton Isn't Inevitable
(DBN)

Marco Rubio has found the perfect message against both Jeb and Hillary Rubio's bad analogy: Borrowing 'like it's 1999'
(DBN)

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Education:

Ex-SBC president Parker backs school; Saving Sweet Briar pledges hit $10M Sweet Briar faculty join lawsuit seeking to stop the college from closing Judge will consider injunction to keep Sweet Briar College open The case to save an imploding college is moving forward, despite steep legal challenges
(DBN)

Guy who spent $37,000 on a computer-science degree at a for-profit college can't get a job at Best Buy's Geek Squad
(DBN)

When the Financial Crisis Looms: A Tale of Three Colleges
(DBN)

For-profit school firm, Education Management , restructures
(DBN)

US fines Corinthian Colleges $30 million over false job placement rates
(DBN)

'We have no safety net': After bankruptcy filing, American Boychoir School to end school year early
(DBN)

25% of Adjunct Professors on Public Assistance
(DBN)

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Sovereigns:

Venezuela Reins In Overseas Vacations to Delight of Bondholders
(DBN)

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UK:

Phones4U secured creditors to get up to 24p in the £1, says PwC
(DBN)

Appointment of English administrators not invalidated by improper purpose of directors
(DBN)

The Real Cost of a British Pint of Milk
(DBN)

Collapse of Phones 4U costs HMRC £74.7m
(DBN)

Court overturns former SuperGroup finance chief's bankruptcy
(DBN)

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EU:

Greece Is Risk for Euro Area as Contagion Possible, Knot Says
(DBN)

Investors Hunt Bargains in European Corporate Bonds
(DBN)

Around 40% of the Value of B2B Invoices in Western Europe in Default
(DBN)

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PIIGS:

Greek crisis casts shadow over Portugal debt plans
(DBN)

FSF Chief Regling: Greece Has Yet to Submit a Comprehensive Reform List IMF close to giving up on Greece after official admits bail-out negotiations are 'not working' A senior eurozone figure says it's 'impossible' to work with Greece and they'll miss their deadline for a deal Germany declines comment on Greek bankruptcy plan report Greek exit could have contagion effect on other states, says UBS

Euro Armageddon? Greece prepares for debt default Greece Denies Report That It Is Preparing for Debt Default Greece intends to default or intended to default all along?
(DBN)

Greek short-term bond yields rise sharply
(DBN)

Greece has "alternative options" as deadline for deal with creditors looms: minister
(DBN)

Germany and Greece Locked in a Mutual Obsession EU on a collision course with Greece
(DBN)

Euro Exit Would Be `Very Costly' for Greece Greek crisis can't be ruled out, says IMF chief economist Greek securities tumble as negotiations raise specter of crisis
(DBN)

Don't bank on Tsipras dumping Syriza's left-wing diehards
(DBN)

EU expert group for Greece set for overhaul after Athens' protest
(DBN)

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Canada:

Board holds off on recommendation for Unique Broadband Systems shareholders
(DBN)

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China:

China's First-Quarter Growth Slowest in Six Years at 7%
(DBN)

People don't believe China's growth figures and the truth about the economy could be far worse
(DBN)

China’s slow growth: What the experts are saying
(DBN)

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Hungary:

Parliament passes law for compensation of Quaestor clients
(DBN)

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Russia:

Russia’s shocking rebound: The ruble has climbed 34 percent in just two months
(DBN)

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Australia:

Australian mining towns reel from iron ore price dive
(DBN)

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Bulgaria:

Bulgaria court to proceed with CorpBank trial
(DBN)

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Russia:

Russia Sberbank threatens Mechel with bankruptcy lawsuit
(DBN)

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