August 12, 2015

The Daily Bankruptcy News

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Law:

In Lean Times, Law Firms Reconsider Two-Tier Partnership
(DBN)

Dewey Defense Says COO, not Defendants, Responsible for Unpaid Loans
(DBN)

In potential job threat to associates, robot-like 'Ross' gets BigLaw bankruptcy gig
(DBN)

Business of Law
(DBN)

A Chat with Ex-Big Law Partner Frederic Rich
(DBN)

GC On Diversity, the “Usual Suspects” and Getting a Life Outside of Law
(DBN)

Lawyer friendships suffer as men see each other as rivals
(DBN)

GC’s fix for ‘broken’ law firm profit structure: Cut associate billing rates
(DBN)

LexisNexis Survey - So, What The Hell Were Law Schools Teaching Those 3 Years?
(DBN)

Structured Dialogue re Delivery of Legal Services
(DBN)

How to Make a Law Firm Merger Work: The Business Case
(DBN)

S.C. Says Insurer May Sue Squire Patton for Overbilling
(DBN)

King & Spalding to open in Sacramento with 8-lawyer team from DLA Piper
(DBN)

Michael Jordan is in the Courthouse
(DBN)

Complaining is like having wine and Cheetos for breakfast
(DBN)

From Harvard Law Prof To White House?
(DBN)

Amidst Turmoil, LSU Law School Appoints Interim Co-Deans
(DBN)

The 69 Most-Cited Law Faculties
(DBN)

12 ways strategic silence can make you more powerful
(DBN)

Should You Marry A Lawyer?
(DBN)

Fired coach sues Paul Weiss for alleged defamation
(DBN)

10 steps to beat your fear of public speaking
(DBN)

How to avoid burning out at work
(DBN)

From Windows 7 To 10 And Back
(DBN)

12 of the best-looking phone cases you can buy
(DBN)

5 mistakes that make recruiters click away from your LinkedIn page
(DBN)

Judge nixes request for makeup artist to cover defendant’s facial tattoos at trial
(DBN)

Prominent American Lawyer Murdered Abroad In Kidnapping Attempt Gone Bad
(DBN)

Lawyer says concern for safety of his clients motivated his leak of confidential documents
(DBN)

The FBI just got some new clues on a $500 million art heist that happened 25 years ago
(DBN)

How To Cover Up An Affair The Cooley Law Way
(DBN)

The Warrior Lawyer
(DBN)

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Judges:

Federal Law Clerk Competes On American Ninja Warrior
(DBN)

Chastened Ex-Blogging Judge Urges Other Judges to Use Social Media Judge Richard Kopf, Former Blogger, Urges Other Judges To Blog
(DBN)

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Wall Street:

U.S. stock futures slump as China devalues yuan again
(DBN)

US stocks set for another triple-digit tumble
(DBN)

Global shares fall as China devalues yuan Asia stocks slump, currency rout deepens
(DBN)

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Layoffs:

A startup dissolved overnight and laid off its 400 employees via email with no warning The CEO of the startup that dissolved overnight explains what happened: Burn Startup that laid off 400 employees gets second chance
(DBN)

A&P to issue layoff notices at all stores
(DBN)

StumbleUpon lays off dozens after failing to raise new round, source says
(DBN)

Urban Fulfillment Services to eliminate 265 Colorado jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

There's a big problem with the government's offer to 'forgive' your mountain of student-loan debt
(DBN)

How I'm paying off $60,000 of student loans with a $50,000 income
(DBN)

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Personal Finance:

Things that are never worth the money
(DBN)

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Fraud:

Alleged $100 million insider trading ring involved 'shopping lists' of hacked press releases
(DBN)

Market Cheating Moves From Trading Sex to Hacking to Gain Edge
(DBN)

Key Insider Trading Ring Suspect Freed on Bond as U.S. Appeals
(DBN)

A trader in Pennsylvania allegedly made millions in a huge insider trading scandal
(DBN)

Five arrested in insider trading hacking scheme: FBI
(DBN)

Owner of Orange County Real Estate Investment Firm Found Guilty in Fraud Scheme That Ended in $169 Million Bankruptcy
(DBN)

Schemer's Unauthorized Real Estate Investment May Pay Off For Victims
(DBN)

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Retailing:

Family Christian Stores given new life after bankruptcy judge approves sale God 'Has a Plan' for Business Says CEO Chuck Bengochea
(DBN)

American Apparel Warns It Needs to Raise Money American Apparel mulls bankruptcy filing amid unrest
(DBN)

RadioShack earnings breached by Ukrainian, Russian hackers, leading to $1 million in stock sales
(DBN)

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Gambling:

Caesars Accused in Suit of Paying Creditors for Plan Support
(DBN)

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Environmental:

Judge rules for cleanup firm in Freedom bankruptcy dispute
(DBN)

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Consumer Finance:

Prime, Subprime, Deep Subprime, Suprime-Like . . . and hold it, my fav "Aspriring Prime"
(DBN)

Meet the New King of Subprime Lending
(DBN)

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Economy:

Small firms seeing some signs of hope
(DBN)

US wholesale inventories up solidly, signal upward GDP revision
(DBN)

June Consumer Borrowing Surpasses Economists’ Predictions
(DBN)

Economic Confidence Index in the U.S. Remains Lower at -12
(DBN)

Productivity is worse than previously thought This is 'more damaging...than the Great Recession'
(DBN)

U.S. Population Distribution by Age, 1900 through 2060
(DBN)

U.S. Births increased in 2014
(DBN)

Cities Where Wages Have Jumped the Most
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home prices rise in 93% of metro areas
(DBN)

The median home price here is $980,000
(DBN)

MBA: Mortgage Applications "Flat" in Latest Weekly Survey, Purchase Index up 20% YoY
(DBN)

Gap between appraiser, homeowner perceptions doubles in July
(DBN)

43,000 foreclosures complete in June 2015
(DBN)

Mortgage Lender Receives Stay of $109.2M CFPB Fine
(DBN)

Colony Beach & Tennis Resort Association files emergency motion
(DBN)

John Paulson Starts Selling Land to Reap Gains in U.S. Housing
(DBN)

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Municipalities:

Puerto Rico water authority files to sell $750 mln in bonds Puerto Rico Agency Sets $750 Million Bond Sale After Default
(DBN)

Puerto Rico Needs a Haircut
(DBN)

Gutting schools won't solve Puerto Rico's debt crisis
(DBN)

Puerto Rico Investors Win Relief From UBS
(DBN)

Wayne County Seeks to Avoid Bankruptcy Through Consent Pact
(DBN)

Kansas' $1 bln bond sale won't solve pension problems -Moody's
(DBN)

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Consultants:

Houlihan Rides Merger Wave to IPO After 40 Years of Bankruptcies
(DBN)

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Oil/Gas:

Crude oil crashes to a 6-year low EIA lowers US crude production outlook OPEC just kicked oil into the $30s
(DBN)

If oil goes to $40 a barrel something is 'very, very wrong with the world'
(DBN)

Oil demand growing at fastest pace in 5 years IEA sees oil glut persisting in 2016 despite soaring demand
(DBN)

Discarded Primera Energy documents expected back in the spotlight during hearing Investors in bankrupt San Antonio oil company subpoena reporter who allegedly found documents in dumpster
(DBN)

Is OPEC winning? IEA says non-members 'stalling' Saudi Oil Strategy: Brilliant Or Suicide?
(DBN)

OPEC pumps at 3-year high despite oversupply
(DBN)

Will A Possible Interest Rate Increase Hit Energy Markets?
(DBN)

Shale Oil Output Wanes as U.S. Producers Retreat in Bear Market
(DBN)

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Coal:

W.Va. officials object to Patriot Coal bankruptcy plan
(DBN)

Peabody Energy Tries To Strike Song Lyrics From Complaint: Welcome To The Streisand Effect
(DBN)

Bankruptcy 101: a primer for U.S. coal markets
(DBN)

How far coal stocks have fallen in 2015
(DBN)

____________

Media:

Christian Media Company Gospel Light Files for Bankruptcy
(DBN)

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Politics:

Trump Teaches Americans a Bankruptcy Lesson The man who just resigned from Donald Trump's campaign explains how Trump can still win Donald Trump, Pivoting Toward Policy, Urges Simpler Tax Code Trump's female fans shrug off comment about TV host Fact Check: Donald Trump has "changed his mind" on abortion Donald Trump Just Isn't His Father Could Trump Actually Win? The Trump Problem: A Tale Courtesy of Texas
(DBN)

GOP thinks skimpy Social Security is still too much
(DBN)

How Perry Ended Up in a Financial Hole
(DBN)

Rapper Drops Clinton For Sanders
(DBN)

Hillary Clinton Responds to Student Debt Voters Enrollment surge likely under Clinton debt-free tuition plan, potentially boosting its cost Hillary Clinton’s student debt video misses the biggest problem with paying for college
(DBN)

Walker to Fire Professors He Disagrees With
(DBN)

Harvard law prof explores Democratic presidential bid financed through crowdsourced funding
(DBN)

Sanders: Make Election Day a holiday Dissent Forming in Bernie Sanders' Camp
(DBN)

Hillary Clinton to turn over personal computer server
(DBN)

U.S. Congress and Its Leaders Suffer Public Discontent
(DBN)

____________

Music:

Who killed the music industry?
(DBN)

Columbia House owner wants to drop its mail-order business Music Fans Mourn (And Mock) Columbia House Bankruptcy
(DBN)

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Compensation:

Pay ratios: Who's getting named and shamed?
(DBN)

____________

Waste:

FBI investigating Creative Recycling Systems
(DBN)

____________

Healthcare:

UMC-Children's Hospital exchange charges in court
(DBN)

After six hours of litigation, Exclusivity Hearing ruling to come Thursday
(DBN)

Children's Hospital argues for hiring investment banker
(DBN)

Nearly 90% of All Americans Now Insured
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 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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Bonds:

TIA Provision Read Broadly to Protect Bondholder in Restructuring
(DBN)

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Channeling Injunctions:

SDNY Bankruptcy Court Says Claims Against Insurer Need Not Be “Inextricably Intertwined” with Insurer’s Relationship with Debtor to Fall Within Scope of Channeling Injunction
(DBN)

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Trustees:

Chapter 7 Trustee Fee Application Denied Because No Disbursements
(DBN)

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Recent Pleadings:

Dechert Slams "far-fetched" "grand conspiracy" litigation seeking $80M In Sanctions
(DBN)

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Insurance:

The Problem with a Broadly Worded Professional Service Exclusion in a Service Firm’s D&O Insurance Policy
(DBN)

____________

Litigation:

A Litigator's Lessons on Winning Cases and Clients
(DBN)

____________

Buses:

Bankruptcy lawsuit filed against former Charlotte mayor over work at debtor bus company Trustee in DesignLine bankruptcy seeks to recover $421,000 in pay from former Mayor Anthony Foxx
(DBN)

DesignLine trustee seeks $300,000 from NASCAR team owner
(DBN)

____________

Electricity:

SME bankruptcy trust to dismantle $85M natural-gas plant
(DBN)

____________

Religion:

Creditors: Archdiocese excluded 73 victims from settlement
(DBN)

____________

Weather:

Looking for a silver lining in a drought
(DBN)

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Auto Racing:

Michael Andretti slams lawsuit claiming IndyCar team is insolvent
(DBN)

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Banking:

FDIC Claims Over Failed Bank Revived by 5th Cir.
(DBN)

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Movies:

Relativity blames bank for bankruptcy woes
(DBN)

Relativity Media outlines sale process
(DBN)

Who are Relativity’s creditors?
(DBN)

Relativity Media Chapter 11 Proposed Schedule Revealed
(DBN)

Relativity's Latest Ticking Clock: Deadline Set to Challenge Low-Ball Bid for Bankrupt Studio
(DBN)

Relativity Bankruptcy: 'Act of Valor' Owner Wishes to Protect License Fees, Sequel Rights
(DBN)

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Accounting:

Accounting Hiring, Enrollments Are At Record Levels
(DBN)

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Hockey:

Erie Otters' ex-owner to get nearly $1.5 million from sale
(DBN)

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Resorts:

Baha Mar pleads to strike out ‘baffling’ to bankruptcy
(DBN)

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UK:

Water into WIFI – A Modern Definition of “Essential”
(DBN)

Insolvency figures fall as wages outstrip inflation again
(DBN)

____________

PIIGS:

Greece's Preliminary Bailout Deal Faces German Turbulence A deal that addresses nothing Alexis Tsipras calls emergency parliament session to vote on new bailout deal Thorns in the side of the Greek bailout deal Greek Main Opposition Leader: Agreement Between Greece and Creditors is ‘Very Bad’ Greece’s Third Bailout at a Glance: Five Things You Need to Know Greece Ends One Crisis and Braces for the Next
(DBN)

____________

China:

China just slashed its currency for the second-day running China's sudden currency devaluation is a sign of the country's weakness China devalues the yuan: What you need to know What China’s surprise currency devaluation means for its economy and the world Here’s why China really devalued the yuan
(DBN)

China is about to absolutely hammer some of the weakest economies in the world
(DBN)

Don't be distracted by China: Goldman's Kostin
(DBN)

Donald Trump: China devaluation will devastate US
(DBN)

Stop freaking out — China's currency devaluation is 'trivial'
(DBN)

China July data: A new slew of misses
(DBN)

____________

Brazil:

Moody's cuts Brazil rating to near-junk status
(DBN)

____________

Russia:

Russia Pushes Crackdown on Banks as Top-100 Lender Loses License
(DBN)

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