April 17, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Layoff Watch: Biglaw Firm Will Shutter Atlanta Office (While Opening New Offices Elsewhere)
(DBN)

Nationwide Pay Raise Watch: Who Now Pays A Starting Salary Of $200,000? Associate Pay Still Lags Behind Prerecession Levels NY Times: Welcome to Your First Year as a Lawyer. Your Salary Is $160,000.
(DBN)

How Sidley Austin Compensates Lawyers & the Key to Survival
(DBN)

A bankruptcy attorney's open letter to auto shop after anti-gay Facebook post
(DBN)

Bankruptcy Attorney, 80, to Serve 30 Days for Theft From Firm
(DBN)

In Law Firm Mergers, Panelists Urge: ‘Avoid Drama,’ Bury Ego
(DBN)

How DLA Piper Plans To Become A Premium Global Law Firm DLA Piper’s Meltzer Sees Favorable Conditions For Mergers With Chinese Law Firms
(DBN)

Fox Rothschild opens Chicago office
(DBN)

Firm Finance: Head Count, Gross Revenue Drop at Strasburger
(DBN)

Law school brain drain: Fewer individuals with high LSAT scores are applying
(DBN)

Parents’ Weekend? Is This A Top-14 Law School Or Camp?
(DBN)

Court Denies Gibson Dunn Partner's Initial Appeal in $1.3M Sanction Case
(DBN)

NALP sees ‘upward movement’ in starting pay for associates; median increases $10K
(DBN)

Mentally Ill in a High-Stakes Job
(DBN)

Demanding work schedules are damaging their health, say 82% of surveyed lawyers
(DBN)

Minorities, Women Still Underrepresented In Law
(DBN)

The Art of Business Development
(DBN)

‘Hire’ LinkedIn for referrals, marketing your firm, lawyers advise
(DBN)

Standing Your Ground, Even To Clients
(DBN)

Clifford Chance cancels YouTube rant trainee's Singapore secondment amid regulatory concerns
(DBN)

From Big Law to Beaver Creek, One Partner's Journey
(DBN)

UT Law School faculty members fall victim to ID theft, tax scam
(DBN)

Is Laurence Tribe Right That Liberals Should Like His Bad Conservative Arguments?
(DBN)

4 steps for reinventing legal education
(DBN)

Loyola-L.A. Law School Shrinks Enrollment By 20%, Receives $20 Million From University Endowment For Student Scholarships
(DBN)

Firm to outsource all its IT
(DBN)

Manage your law office technology so it doesn’t manage you
(DBN)

Attorneys tout the benefits of having a paperless law practice.
(DBN)

The fashion risks every modern gentleman should take
(DBN)

Lawyer accused of stealing from his Washington law firm wasn’t licensed in state, prosecutors say
(DBN)

Many Court Cases Left for Aaron Hernandez Ex-NFL star Hernandez's murder conviction poses legal challenge The Arrogance of Aaron Hernandez Lots of Ex-Athletes are in Prison
(DBN)

Sheriff’s Office allegedly falsified training records for reserve deputy who killed Eric Harris
(DBN)

Texas Rep Wants To Make It Harder To Film The Police
(DBN)

Jury awards couple nearly $240K over neighbors’ barking dogs
(DBN)

Kentucky Man, 40, Arrested For Drunk Driving . . . A Horse
(DBN)

Woman Blames Coffee-Drinking Parrot For Car Crash
(DBN)

Ecstacy, Alcohol
(DBN)

______________

Judges:

Speaking Truth to the Supreme Court
(DBN)

100 Most Influential: Ruth Bader Ginsburg Ginsburg makes Time’s list of most influential people; Scalia explains why
(DBN)

Prosecutors Bring Supreme Court Protest Case in Federal Court
(DBN)

Federal Judge Benchslaps Litigant For Acting Like An Ostrich
(DBN)

Judge Judy: In Case You Were Wondering . . .
(DBN)

Courthouse workers build nesting box on 5th-floor ledge after peregrine falcon eggs fall off edge
(DBN)

______________

Wall Street:

U.S. Index Futures Extend Earlier Decline to Signal S&P 500 Drop U.S. stock futures tumble after China regulatory news
(DBN)

US stocks finish lower amid mixed economic data, earnings
(DBN)

Goldman's Profit Surges On Higher Trading Activity
(DBN)

______________

Layoffs:

Walmart lays-off 2,200 employees over plumbing issues at stores
(DBN)

Tentative settlement reached in Aberdeen beef plant dispute
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Healthcare:

Attorney General meeting on Mercy hospital sale
(DBN)

Improved Hospital Profits Are Not What They Seem As Malloy Cuts Loom
(DBN)

Protections in Place for Former Lifestyle Lift Patients, Employees
(DBN)

Worcester med device firm files for bankruptcy
(DBN)

7 charts that show what Obamacare critics are getting wrong Obamacare Savings Experiment Yields Modest Results in Study
(DBN)

____________

Student Debt:

Poor Americans are taking out student loans, failing to graduate, and struggling to pay back their debts for years
(DBN)

____________

Autos:

Warren: Car lending is like home loans before the crisis
(DBN)

GM bankruptcy filing in 2009 blocks economic loss claims in ignition-switch cases, judge rules GM's Swelling Bankruptcy 'Loophole' GM Car Owners to Fight On for Billions After Bankruptcy Ruling
(DBN)

____________

Consultants:

Alvarez & Marsal Adds Restructuring Pro In Detroit
(DBN)

____________

Tax:

While Swiss bankers indicted in U.S. tax-evasion probe remain at large, whistleblower went to jail
(DBN)

____________

Aviation:

Struggling West African airlines seek capital, partners
(DBN)

The jumbo jet faces a make or break year at Boeing, Airbus - Zero orders last year
(DBN)

____________

Corporate Reform:

Dodd-Frank 2.0: The Unfinished Business of Financial Reform
(DBN)

____________

Weather:

To Fight Drought, L.A. Needs Rain Revolution
(DBN)

____________

Gambling:

Caesars Seeks More Time to Control Bankruptcy Case Caesars seeks plan filing exclusivity extension through Nov. 15
(DBN)

State: Revel generators need to be replaced by cleaner ones
(DBN)

Bid fails to broker truce at Revel
(DBN)

Revel Energy Company Tries to Explain Itself
(DBN)

____________

Guns:

Colt considers refinancing debt or Chapter 11 bankruptcy filing
(DBN)

What Is the State of the U.S. Gun Business?
(DBN)

____________

Student Debt:

Who is Helping Consumers With Defaulted Student Loans?
(DBN)

____________

Credit Cards:

Target Agrees to Pay Banks $19 Million for Breach-Related Costs
(DBN)

____________

Banking:

Citigroup profit jumps as legal, restructuring costs fall
(DBN)

____________


Economy:

US housing starts data underperforms; jobless claims rise Jobless Claims in U.S. Hold Below 300000 for Sixth Week
(DBN)

$15 Fight Becomes Largest Protest by Wage Workers in US History
(DBN)

Fed’s Rosengren: Conditions Not Yet Met to Support Rate Rises
(DBN)

Fed’s Mester: ‘Comfortable’ Raising Rates Soon If First-Quarter Slowdown Proves Transitory
(DBN)

Fed’s Lockhart: Recent Weakness Calls for Caution on Rate Rises
(DBN)

Fed’s Fischer: U.S. Economy Should Rebound After ‘Poor’ First Quarter
(DBN)

The world's debt is greater now than it was before the 2007 crash
(DBN)

Philly Fed manufacturing index rises to 4-month high in April
(DBN)

Why even high earners are struggling to save - 1/3 live paycheck to paycheck
(DBN)

Car Reliance Squeezes the Middle Class
(DBN)

Dodd-Frank's Hotel California May Have Exit After All
(DBN)

Global property bubble fears mount as prices and yields spike
(DBN)

Bernanke Gets His First Job in Finance Ben Bernanke and the Revolving Door
(DBN)

Unemployment rate for recent college grads rose in 2014
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US home construction off to weak March start US housing starts rise below expectations; permits fall Deep weakness Sluggish Housing Starts Belie Builders' Confidence
(DBN)

Mortgage rates unchanged and remain near 2015 lows
(DBN)

RealtyTrac: Foreclosures see first year-over-year increase since 2010
(DBN)

These 15 states are getting hit hardest by foreclosures
(DBN)

Bank didn't tell widow she had mortgage insurance, even as home foreclosed
(DBN)

These are the top 5 single-family home markets in America
(DBN)

Montana Supreme Court Upholds Five Million Dollar Punative Damage Verdict Against U.S. Bank of Montana For Bait And Switch Loan
(DBN)

____________

Municipalities:

Puerto Rico's Junk-Rated Utility Gains Time for Creditor Talks
(DBN)

Puerto Rico's PREPA taps reserve fund for quarterly payment
(DBN)

Rauner: No CPS bailout
(DBN)

____________

Environmental:

Texas regulators fine closed plant operators nearly $2.5M
(DBN)

Alpha Natural faces shortfall in coal cleanup funding -official
(DBN)

____________

Oil/Gas:

Oil ebbs from 2015 high; OPEC reports jump in output Oil futures retreat from 2015 highs Crude oil is falling again as Saudi production keeps climbing OPEC: Rivals' oil supply growth will slow OPEC Joins Downbeat Forecasts for U.S. Oil Output OPEC plan to strangle US suppliers working Saudi Arabia Adds Half a Bakken to Oil Market in a Month
(DBN)

Fri.: Oil slips below $64 as ample supplies weigh
(DBN)

BP CEO: Oil Could Stay Low for Years
(DBN)

This isn’t the oil rally you’re looking for
(DBN)

One emerging economy is coming out as the big winner from the drop in oil prices
(DBN)

Schlumberger cuts another 11,000 jobs in wake of oil crash
(DBN)

Nearly half Colombia oil companies at risk of insolvency
(DBN)

AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004
(DBN)

Are Fossil Fuels About to Go Extinct? Fossil Fuels Just Lost Race Against Renewables
(DBN)

Minot rent prices collapse
(DBN)

____________

Telecoms:

LightSquared's Losses Since Bankruptcy Hit $2 Billion
(DBN)

____________

Fraud:

Another Settlement of Fraud Accusations May Be on the Way for Plethico
(DBN)

The Mansions Owned by White-Collar Criminals
(DBN)

A Yale Graduate Leaves a Trail of Ventures and Debts
(DBN)

Former investment advisor charged with defrauding JP Morgan Chase clients of $20M
(DBN)

The Tragedy of Orange Is the New Black
(DBN)

U.S. Sentencing Commission Approves Major Changes to Fraud Guidelines
(DBN)

____________

Politics:

Hillary Clinton wrote Elizabeth Warren a love letter in Time magazine 100 Most Influential: Elizabeth Warren
(DBN)

Wall Street on Hillary's Populism: They Know She Doesn't Care
(DBN)

Elizabeth Warren's New Agenda for Democrats on Financial Reform Elizabeth Warren: Tax the Banks
(DBN)

Chris Christie says his Social Security plan hurts the rich, but it really hurts the poor
(DBN)

Fiorina gets ready... Would take Hillary's all-women pitch away
(DBN)

The World According to Jeb Bush
(DBN)

____________

Publishing:

Family Christian Stores Will Be Up for Auction on June 8
(DBN)

____________

Religion:

Judge cuts time for clergy abuse victims to file claims against St. Paul-Minneapolis archdiocese
(DBN)

____________

Retailing:

Frederick's of Hollywood closes all stores, strips down to Web
(DBN)

Simply Fashion files Chapter 11 bankruptcy
(DBN)

____________

Television:

Netflix CEO On The TV Industry: It had a great 50-year run, but it's over now
(DBN)

____________

Personal Finance:

Facebook parents gang up on allowance ingrate
(DBN)

A Navy Seal, a Yacht Captain, and the Other People Billionaires Trust to Manage Their Money
(DBN)

Retiring: You'll Need Less Money Than Thought
(DBN)

____________

Awards:

Justine Lau of Mayer Brown JSM receives the Fetner Award from The International Women's Insolvency & Restructuring Confederation
(DBN)

____________

Newspapers:

Little Saigon News Files for Bankruptcy Following Defamation Dispute
(DBN)

____________

Food/Beverage:

Twinkie's Miracle Comeback: The Untold, Inside Story of a $2 Billion Feast
(DBN)

____________

Compensation:

Your Pay Raise This Year? Just 3%. CEOs? Almost 13%
(DBN)

____________

Disruption:

Our Uber Future: Back to the 19th Century
(DBN)

____________

Celebs:

IRS hits Sam Wyly, brother's estate with $3B tax bill
(DBN)

Former NBA Player Josh Childress Explains Why So Many Athletes Go Broke
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (13 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)

______________

Bankruptcy Statistics:

Corporate bankruptcies are on the rise in America
(DBN)

Bankruptcies Suddenly Soar Across Corporate America, Worst First Quarter Since 2009
(DBN)

College grads and retired pro football players alike experience a high rate of personal bankruptcy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

Will ABI Bankruptcy Reforms Destroy Cash Flow Lending?
(DBN)

___________

Bankruptcy Cost:

The $12,473 Corporate Reorganization
(DBN)

____________

Discharge:

Big Victory for New GM, but Threats Remain
(DBN)

____________

Trustees:

Not Necessarily Lockstep: Trustee’s Compensation Still Subject to Reasonableness Requirement
(DBN)

____________

Jurisdiction:

More on Stern: What Does “De Novo Review” Mean?
(DBN)

____________

Proofs of Claim:

SCOTUS May Take LVNV Case Addressing FDCPA Liability For Filing POC
(DBN)

____________

Litigation:

As Data Grows, More Challenges in e-Discovery
(DBN)

Page Missing in Discovery = Award of $6K in Attorney Fees
(DBN)

____________

Education:

Million-plus students go to financially shaky colleges
(DBN)

Sweet Briar College Lawsuit: Verdict Declared Victory
(DBN)

A Guide To Small College Survival
(DBN)

Louisiana College Students March on Capitol Over Education Cuts
(DBN)

Moody's: Rich Colleges and Universities Are Getting a Lot Richer
(DBN)

'Culture of Cheating' Prevalent at Stanford, Other Elite Colleges
(DBN)

____________

Lehman:

Ernst & Young settlement marks end of Lehman saga
(DBN)

____________

Sovereigns:

Argentina’s priority payment on its restructured sovereign debt
(DBN)

Argentina: Judge dismisses Citibank injunction plea against Central Bank
(DBN)

Argentina raises 4.7 bln pesos in local debt sale
(DBN)

____________

UK:

UK pension scheme deficits increase by further £50bn as inflation stays at record low
(DBN)

WTH: 'Sleeper'
(DBN)

Scottish courts too protective of banks - QC's warning
(DBN)

____________

EU:

Europe Is Running Low on Children
(DBN)

____________

PIIGS:

Ahead Of Varoufakis' Meeting With Famous Sovereign Bankruptcy Lawyer S&P Downgrades Greece To CCC+ Varoufakis digs in heels on ‘Ponzi scheme’ austerity
(DBN)
(DBN)

Greek bonds set for worst week since January as cash crunch looms
(DBN)

Greece's Government: 'Molon Labe'
(DBN)

Today's Unsurprising News Story; Greece At Risk Of Default Greece in 'slow-death scenario' amid defaults fears
(DBN)

'Neighbouring countries have effectively quarantined Greece'
(DBN)

Lagarde Won't Give Support to Greece Missing IMF Payment IMF's Lagarde To Greece; Pay Us Or Else IMF knocks Greek debt rescheduling hopes Greece pushed a step closer to Grexit after IMF snub Schaeuble Warns Greece to Ditch False Hopes, Do Reforms Greece plans to raid coffers as creditors dash hopes of resolving cash crisis S&P on Greece: 'It's a race against the clock' Officials nix Grexit despite languid talks How close is Greece to Grexit?
(DBN)

Why it's proving hard to save Greece
(DBN)

Greek call for reparations might actually make sense
(DBN)

Espirito Santo Insolvency Receivers Put Art, Buildings Up for Sale
(DBN)

IMF upgrades economic forecast for Spain
(DBN)

Italians revolt against migrant 'invasion'
(DBN)

____________

Canada:

P.F. Chang’s files for bankruptcy protection as U.S. eatery loses way in ‘ethnically diverse’ Canada
(DBN)

Stelco's fall from grace
(DBN)

____________

Austria:

German state asks Schaeuble to intervene in Heta case
(DBN)

____________

Brazil:

Brazil's Grupo OAS Seeks Protection of U.S. Court
(DBN)

Brazil’s Tonon Said to Discuss $530 Million Bond Restructuring
(DBN)

BNDES sees oil rig supplier Sete Brasil reorganization by June
(DBN)

____________

China:

China's economy is worse than Beijing admits and demand is plunging for the first time on record
(DBN)

The smart money is now *following* the dumb money into Chinese stocks
(DBN)

____________

Ukraine:

Ukraine plays hardball on bank debt restructuring
(DBN)

Ukraine's Ukreximbank to restructure 2015 bond
(DBN)

Ukraine mining-metal sector on verge of bankruptcy
(DBN)

____________

Russia:

The Russian banking sector is about to implode
(DBN)

Russia's Bond: It's Official! (... and Private ... and Anything Else It Wants to Be ...)
(DBN)

____________

Vietnam:

Getting ‘death certificate’ a trouble for bankrupt firms in Vietnam
(DBN)

____________

Cyprus:

Cliff-hanger over insolvency vote
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2015