April 2, 2015

The Daily Bankruptcy News

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Law:

Steptoe & Johnson lays off attorneys, staff due to poor energy markets
(DBN)

Biglaw Firm Issues Color-Coded Uniforms For Young Lawyers (Not An April Fools’ Joke)
(DBN)

April 1 joke banning late-night and vacation emails backfires on Weil Gotshal
(DBN)

Dewey Case Takes Shape Weeks Before Trial
(DBN)

A turning point for law schools? As studies are cited, law prof bets not one will close
(DBN)

Law Schools and Industry Show Signs of Life, Despite Forecasts of Doom
(DBN)

The Relevance of Howard University School of Law
(DBN)

Report: Law Firms to Keep Chipping Away at Real Estate Costs
(DBN)

Arrest Made In DLA Piper Associate’s Killing
(DBN)

Fried Frank Hires DLA Piper's $5 Million Man
(DBN)

Biglaw Mommy: Let’s Hear It For The Dads
(DBN)

The Most Important Thing You Need To Know About Plaintiffs’ Lawyers
(DBN)

Kelley Drye Sees Improved Financial Performance In 2014
(DBN)

Law Firm Chief Brings Machete To Staff Meeting
(DBN)

Biglaw Firm Makes Big Joke Out Of Work/Life Balance
(DBN)

Full-Time Work As A Document Reviewer?
(DBN)

How to work 80 hours a week and still have a life
(DBN)

Mayo Clinic unravels a mystery disease for Minnesota lawyer... 60 seizures a day
(DBN)

21 things you didn't know your iPhone could do 5 tricks that will supercharge your iPhone in 5 minutes
(DBN)

Citi: iPhone sales are going to blow expectations away — again
(DBN)

Apple Watch: What is it good for?
(DBN)

The 13 best new apps you might have missed recently
(DBN)

The essential guide to men's ties
(DBN)

Cybercrime: Obama just opened a new 'weaponization of finance' front
(DBN)

Need a lawyer but can’t afford one? ‘Intangible Lawyer’ could help
(DBN)

The View From Up North: Where Do Old, White Lawyers Go To… Serve?
(DBN)

Feds charge former BigLaw attorney with aiding client’s fraudulent attempt to get money to buy Maxim
(DBN)

Atlanta schools cheating scandal: 11 of 12 defendants convicted Teachers could go to jail for 20 years
(DBN)

Follows GPS off Demolished Bridge, Wife Dead
(DBN)

Now We're Charging Women with Feticide
(DBN)

Lawyer Jailed for Wife Attack Faces Loss of Law License
(DBN)

Couple both dead after argument over $500 lottery ticket win
(DBN)

Q&A: ‘Better Call Saul’ Writer on Getting the Law Right
(DBN)

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Judges:

Ruth Bader Ginsburg’s Passover essay reminds women and girls they can save the world
(DBN)

Judge Benchslaps Fellow Jurist In Awesomely Feisty Footnote
(DBN)

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Wall Street:

US stocks : Futures point to third day of losses
(DBN)

Wall St. falls after data
(DBN)

McMillan: Sharp drop in S&P 500 futures points to nervous market
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears to set up REIT to raise $2.5 billion from shareholders Sears Holdings gains on real-estate move
(DBN)

RadioShack CEO Joe Magnacca steps down
(DBN)

Sneak peek at RadioShack, Sprint's new stores RadioShack Is Dead, Long Live RadioShack A slimmed-down RadioShack exits bankruptcy court
(DBN)

Texas wants RadioShack to specify what customer information would be for sale Koster files objection to proposed Radio Shack data sale
(DBN)

SkyMall has been saved
(DBN)

Wet Seal Wins Bankruptcy Court Approval for Sale to Versa
(DBN)

Kanye West Takes Over Bankrupt Karmaloop
(DBN)

Walmart seeks assist from its suppliers to lower prices
(DBN)

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Education:

There's a simple reason why Virginia might win its bombshell lawsuit against an imploding college
(DBN)

The Victims of For Profit Colleges
(DBN)

The list your college does not want to be on
(DBN)

EDMC campuses among those flagged by feds for cash monitoring Which Law School Is On The DOE’s Financial Monitoring List?
(DBN)

Ivy League colleges offer free tuition to certain students — here's how financial aid packages stack up
(DBN)

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Nuclear:

House Panel Investigates Ex-Energy Official Over Employment Laws
(DBN)

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Religion:

Daughter: Rev. Robert Schuller, founder of Crystal Cathedral megachurch, may be in final days
(DBN)

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Celebs:

Teresa Giudice's prison beauty and fitness secrets
(DBN)

Todd Chrisley Bankruptcy Case: Discharged?!
(DBN)

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Advertising:

Kal Liebowitz Sued (Again) For Fraudulently Hiding Assets
(DBN)

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Tech:

GT strikes deal to sell sapphire furnaces for $45M to Chinese firm
(DBN)

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Weather:

California just imposed mandatory water restrictions for the first time in history Key Provisions of California's New Water Cuts
(DBN)

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Gambling:

Milstein possibly bidding $88M for Revel Casino
(DBN)

Lender: 'New' Revel casino bidders are full of hot air Lender to judge: Approve Revel sale
(DBN)

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Soccer:

Parma restructure job for FIGC president Demetrio Albertini
(DBN)

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Aviation:

Russia Launches Rescue Bid for Debt-Laden UTair
(DBN)

Germanwings co-pilot lied to doctors about sick leave
(DBN)

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Economy:

The current unemployment rate in each state
(DBN)

So why is no one talking about risk of recession?
(DBN)

Doubts over US growth cool dollar rally
(DBN)

Republicans have a new plan to cut taxes for the top 0.2 percent
(DBN)

ADP's March private jobs gains miss estimates Private-sector job growth slowed sharply in March to 189000, ADP says
(DBN)

Fed's Lockhart sticks with June to September liftoff, despite growth downgrade Goldman economist says Fed hike likely late 2015 or early 2016
(DBN)

US private payrolls, factory data point to weak economic growth
(DBN)

U.S. factory activity at five-month high in March: Markit Manufacturing in U.S. Expands at Slowest Pace Since 2013
(DBN)

Larry Summers Responds To Ben Bernanke: I want to be wrong Summers and Bernanke engage in wonky flame war Larry Summers to Ben Bernanke: I Hope You’re Right, But…
(DBN)

Small-Business Hiring Gives Mixed Signals on U.S. Economy
(DBN)

Are Wages Flat or Falling?
(DBN)

Gap is finding out whether boosting the minimum wage really boosts business
(DBN)

Restaurant Performance Index shows Expansion in February
(DBN)

Why you can’t solve income inequality by sending people to college
(DBN)

This grad student didn't really debunk Piketty, but what he did do is just as important
(DBN)

Winners and losers of the global financial markets in Q1
(DBN)

McDonald's: Workers to get pay hikes at company-owned stores But 90% of workers won't be getting one Every major company that has hiked pay in the US in the last two months Behind McDonald’s Pay Boost: Growing Wage Pressure for Low-Skilled Jobs
(DBN)

What It Feels Like: 23 and Still Living at Home
(DBN)

LA Wants New Ban on People Living in Cars
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Office Vacancy Rate declined in Q1 to 16.6%
(DBN)

JPMorgan over half way done in $4B consumer relief requirement
(DBN)

MBA: Mortgage Applications Increase, Purchase Applications Up 8% YoY
(DBN)

Fannie Mae: Mortgage Serious Delinquency rate declined in February, Lowest since September 2008
(DBN)

US construction spending falls for second straight month
(DBN)

Manhattan Real-Estate Prices Finally Cooling Off
(DBN)

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Municipalities:

Puerto Rico Utility Bondholders Propose $2 Billion Capital Plan
(DBN)

Puerto Rico's PREPA upset with creditors after disclosure of finance plan
(DBN)

Some Investors Shun Chicago Bonds
(DBN)

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Oil/Gas:

Thurs. A.M.: Though oil prices rise, the outlook is still dim
(DBN)

Weds. A.M.: Oil rallies as Iran nuclear talks drag on Crude prices are jumping after the latest storage report showed another build Iran nuclear talks move closer to a deal America's Oil Inventories Rise for the 12th Straight Week
(DBN)

4 Key Restructuring Considerations for Distressed E&P Companies
(DBN)

Financing of North Sea oil and gas - a restructuring and insolvency perspective
(DBN)

Moody’s predicts tough year for oil field services firms
(DBN)

April is the month energy companies have been dreading
(DBN)

Reckoning arrives for cash-strapped oil firms amid bank squeeze
(DBN)

Lenders Will Reduce Junk-Rated Shale Oil Companies’ Credit Lines
(DBN)

Flush with capital, Kinetics Energy Services ready for buying spree
(DBN)

Busting The Myth Of Oil Storage Hitting 'Tank Tops' US may skirt oil storage crisis as drivers hit the road
(DBN)

Exall Energy enters bankruptcy protection
(DBN)

Comerica: Low crude oil prices slow economic growth in Texas
(DBN)

Is Warren Buffett Wrong About Oil Stocks?
(DBN)

What If An Oil Rebound Never Comes?
(DBN)

Saudi Arabia is losing its grip on the oil market
(DBN)

California activists want water restrictions to include oil industry
(DBN)

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Mass Torts:

$77M settlement proposed for families in 2013 Lac-Megantic rail disaster
(DBN)

Arizona Legislature approves bankruptcy trust bill making it harder to file asbestos lawsuits
(DBN)

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Celebs:

Dwight Freeney is suing Bank of America, alleging $20 million in lost wages
(DBN)

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Fraud:

Lynn Tilton: SEC mischaracterized word 'valuation' Distressed Diva Tilton Girds for SEC Battle Over Complex Loans
(DBN)

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Personal Finance:

Here's what the modern résumé should look like
(DBN)

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Housewares:

EveryWare Global to file for prepackaged bankruptcy Anchor Hocking parent company filing for bankruptcy
(DBN)

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Video Games:

Oracle settles with Rhode Island in 38 Studios bankruptcy case
(DBN)

____________

Resorts:

Judge confirms Naples Bay Resort reorganization plan
(DBN)

____________

Environmental:

Judge pens conflict survey for prosecutors in WVa spill case
(DBN)

____________

Banking:

Doral Financial Seeks Sale of Insurance Unit
(DBN)

Bank Directors Facing Increased Regulatory Scrutiny, Raising Fears of Potential New Liability Exposures
(DBN)

____________

Politics:

Menendez indicted on federal corruption charges
(DBN)

Tensions with Warren camp could loom over Clinton campaign Sen. Warren Challenges Wall Street Banks
(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 (29 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (53 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:

Buffalo: Area bankruptcies continue to decline
(DBN)

Bankruptcy filings down in N.W. Ohio
(DBN)

Rochester-area bankruptcy filings drop in first quarter
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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SCOTUS:

In The Midst Of SCOTUS Bankruptcy Case Arguments, Protesters Interrupt Protesters charged after U.S. Supreme Court disruption
(DBN)

Supreme Court hears arguments in bankruptcy cases
(DBN)

Argument Transcripts: Harris v. Viegelahn (Disposition Of Property In A Ch. 13 -> 7 Conversion) Bullard v. Blue Hills Bank (Appealability Of Confirmation Denial)
(DBN)

Bank of America at center stage in U.S. top court bankruptcy case
(DBN)

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Appeals:

Appeals: Try, Try Again – If You Can Get Your Foot in the Door You May Succeed
(DBN)

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Examiners:

A Third Way: Examiners as Inquisitors
(DBN)

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Sales:

Congress Passes 15% Senior Discount on 363 Sales :)
(DBN)

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Bankruptcy Rules:

Have You Noticed Your Payment Change? Advisory Rules Committee Proposes Amendments to Bankruptcy Rule 3002.1
(DBN)

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Theatre:

Bankruptcy Attorney May Put Surflight Up For Sale Or Auction
(DBN)

____________

Student Debt:

Student Debt Strikers Grow in Number and in Power
(DBN)

___________

Coal:

As more countries turn against coal, producers face prolonged weakness in prices
(DBN)

____________

Corporate Reform:

SEC Official: ‘Not Clear’ Bank Regulation Has Made Economy Safer
(DBN)

____________

Food/Beverage:

Approval given to help speed the removal of the Casey barge Cherokee Nation eyes Allen Casey's dilapidated barge
(DBN)

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Shipping:

Can Shipping Lines Survive?
(DBN)

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Sovereigns:

Argentina's Take On U.S. "Vulture" Bond Investors
(DBN)

Argentina Ousts Local Citibank CEO Amid Holdout Creditor Dispute
(DBN)

____________

UK:

The Moral of the Tael – Tael One Partners Limited v Morgan Stanley & Co International PLC [2015] UKSC 12
(DBN)

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

Administrator KPMG still not ready with valuation of Swiss Franc trades for Alpari UK clients
(DBN)

____________

EU:

European manufacturers getting more positive amid lower euro
(DBN)

____________

PIIGS:

Alexis Tsipras threatens to end EU sanctions against Moscow
(DBN)

'Greece leaving the euro might not be a bad thing' - Warren Buffett A Eurozone Without Greece
(DBN)

No deal in Greece reform list talks: source Greece reform plan not enough for a deal
(DBN)

Elderly Greeks hold anti-government rallies, demanding pre-austerity pensions
(DBN)

Greece might trip up Europe but not a solid Germany
(DBN)

ECB increases Greek banks’ emergency assistance fund by €700m, says banking source
(DBN)

____________

Canada:

US Steel Canada Terms of Sale Scheduled for Court Hearing Thursday
(DBN)

Last Target Canada stores to close April 12
(DBN)

____________

Austria:

Austrian court rebuffs Hypo investors, case still open
(DBN)

____________

Brazil:

Brazil's Petrobras signs $3.5 bln deal with China Development Bank
(DBN)

Fitch Downgrades OAS and Subsidiaries' Ratings to 'D'/'D(bra)'
(DBN)

Aurelius Says OAS Seeking to Defraud Bondholders in Bankruptcy
(DBN)

Brazil Is Going To Hell In A Handbasket
(DBN)

____________

Russia:

World Bank sees protracted recession in Russia
(DBN)

Here's how Western sanctions have affected Russia one year out
(DBN)

Yukos Shareholders Capitulate, Settle Legal Dispute that Followed Khodorkovsky’s Arrest and Rosneft Takeover
(DBN)

____________

China:

China’s stock market sure looks like a bubble PBOC Fueling Chinese Stock Rally
(DBN)

____________

Australia:

Budget Woes Could Pressure Australia’s Credit Rating
(DBN)

____________

Iceland:

Iceland prepares to come in from the financial cold
(DBN)

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