February 10, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Arent Fox Picks Bankruptcy Chief to Lead NY Office
(DBN)

The Imminent Capitulation Of Many Big Firms
(DBN)

Alexandra Marchuk v. Faruqi & Faruqi: A Juror Speaks
(DBN)

After Small Drop in 2013, Greenberg Traurig's 2014 Financials Are Much Better
(DBN)

Firm Finance: Gross Revenue, Net Income Up at Jackson Walker
(DBN)

'No Relief' for Law School Enrollment Slump
(DBN)

"Litigation-Centric, West-Of-The-Hudson" - Dark Forecast
(DBN)

For Sidley, It's Another Year of Growth
(DBN)

Paul Weiss Rides Robust Workload to Record Highs
(DBN)

This Lawyer’s Unpaid Internship And The Worst Generation
(DBN)

How to get more space on your iPhone
(DBN)

16 apps for your iPhone that are better than the ones Apple made
(DBN)

Supreme Court Declines to Block Gay Marriage in Alabama --- Alabama Chief Justice asks officials to defy gay marriage ruling --- Alabama judge stakes out defiant stance against same-sex marriages --- Same-Sex Marriages Proceed in Alabama as State Judge's Order Is Defied --- Governor refuses to intervene --- Forget Alabama–Federalism Has Been Great for Gay Marriage
(DBN)

The ‘Creepy’ ‘Stalker’ Lawyer Who Wasn’t
(DBN)

Arrest of Man for Drinking Iced Tea, Ruled Unconstitutional
(DBN)

CIA Lawyer Led Effort to Spy on Senate
(DBN)

Brian Williams’ Nemesis
(DBN)

Victims’ families outraged after baseball great Chipper Jones turns Sandy Hook ‘truther’
(DBN)

Before he died, a former head of Goldman Sachs warned the governor about corruption in New York
(DBN)

Teen faces murder charge after posting a selfie with the victim to Snapchat
(DBN)

Memo To Office Workers: Windows Aren’t The Same Thing As Walls
(DBN)

Cops: Facebook posts about inheriting jewelry lead to robbery
(DBN)

Convicted killer Drew Peterson charged with trying to put contract hit on state’s attorney
(DBN)

Furloughed for lawyer meeting, alleged art scammer escapes from custody
(DBN)

Defense lawyers ask judge to OK seat upgrade for Africa trip; federal prosecutors are flying coach
(DBN)

Woman, 82, Arrested For Theft Of ...
(DBN)

Casket pops open during murdered woman's burial as family watches in horror
(DBN)

Another Magna Carta is found
(DBN)

Driver caught using laptop, phone, headphones at wheel
(DBN)

‘Better Call Saul,’ But How Can You Reach Him? --- Here's where to watch the first episode of 'Better Call Saul' for free
(DBN)

Charged as a man, convicted as a woman... Unusual criminal case in Miami
(DBN)

Pastor Arrested for Lying to Cops About "Good Samaritan" Shooting
(DBN)

Vote to oppose ‘stand-your-ground’ laws passed unanimously by ABA House of Delegates
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy Judgeship Vacancy Announcement - Southern District of New York
(DBN)

Alabama probate judges might wish to brush up on federal contempt of court powers --- Judicial defiance in Alabama: Same-sex marriages begin, but most counties refuse
(DBN)

Please Keep Asking Ruth Bader Ginsburg, "How Many Women on the Supreme Court Are Enough?"
(DBN)

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Wall Street:

U.S. Index Futures Signal Stocks to Halt Two-Day Drop on Greece
(DBN)

Stocks fall
(DBN)

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Layoffs:

Layoffs Watch ’15: Barclays
(DBN)

Robots replacing human factory workers at faster pace
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Madoff victims get another $355 million --- Payout to swindled Bernie Madoff investors tops $7.2 billion
(DBN)

Hong Kong Bitcoin Exchange Suspected Of $387 Million Ponzi Scheme
(DBN)

Arizona's Stealth Solar owners admit fraud
(DBN)

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Gambling:

Revel sale in doubt as deadline looms --- Revel casino sale likely dead as sides fail to come together --- Owners Canceled the Revel Casino Hotel's Purchase, Pockets Straub's $10 Million Deposit
(DBN)

The Legacy of Gary Loveman and Caesars Entertainment
(DBN)

Sale of bankrupt Revel Casino Hotel keeping courts busy --- Judge to hear Revel buyer's case for extending sale deadline --- Straub's attorney: postpone sale to Feb. 28 at latest
(DBN)

ISDA Announces Decision on Caesars Entertainment Operating Company: Failure to Pay Credit Event Did Not Occur --- Caesars Swaps Payout Tied to Expired Contracts Denied by Panel
(DBN)
(DBN)

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Mass Torts:

Bankruptcy and Mass Tort
(DBN)

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Celebs:

Report says Casey Anthony’s money should be paid to trustee's attorney
(DBN)

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Telecoms:

Judge Rules Against LightSquared in Claims Against GPS Firms
(DBN)

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Pensions:

US Pension Assets Added 9% in 2014
(DBN)

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Shipping:

Baltic sea freight index at all-time low as weak cargo demand takes toll
(DBN)

Liquidator Acts on OW Bunker Debts
(DBN)

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Receiverships:

Ohio Receivership Laws Get Some Muscle
(DBN)

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Predatory Lending:

Many states have cracked down on payday loans. Here’s how lenders still get away with it.
(DBN)

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Tech:

GTAT Wrote Down The Value Of Its Furnaces
(DBN)

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Economy:

Obama: Here's why people aren't getting paid more
(DBN)

Lew: US Needs More Wage Growth
(DBN)

Why liberal Democrats might regret standing in Summers’s way
(DBN)

‘Peasants With Pitchforks’ Seen If Profits Get Any Fatter
(DBN)

Prime Working-Age Population Growing Again
(DBN)

Employment Graphs: Duration of Unemployment, Unemployment by Education, Construction Employment and Diffusion Indexes
(DBN)

Angry US Middle Class Feeling the Squeeze
(DBN)

Consumers Report Decline in Household Spending Expectations
(DBN)

Why politicians need to stop using the meaningless term “middle class”
(DBN)

The future of the US economy is BACK
(DBN)

Restaurants haven't been doing this well in 10 years
(DBN)

Why America is now a nation of truck drivers
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Statute of Frauds Prevents Borrower From Modifying Modification Agreement Orally
(DBN)

San Diego: Couple involved in mortgage fraud sentenced to federal prison
(DBN)

___________

Municipalities:

Gov. Rauner suggests bankruptcy for towns to fight pension woes --- Big Hurdles for Illinois Governor s Chapter 9 Proposal
(DBN)

Please don't leave! Connecticut tax agency keeps close watch on state's super-rich
(DBN)

Puerto Rico Power Bonds Rise After Judge Throws Out New Debt Law
(DBN)

Puerto Rico to appeal ruling voiding bankruptcy law --- Ruling throws Puerto Rico's effort to remake finances into doubt
(DBN)

Hedge funds still plan $2 bln financing deal with Puerto Rico -source
(DBN)

Bond Markets Are Watching: Will Puerto Rico Enact Sweeping Tax Reform?
(DBN)

Puerto Rico should focus efforts on Chapter 9 in Congress -Pierluisi
(DBN)

What Puerto Rico should do with its debt: Rep
(DBN)

Puerto Rico and the muni market
(DBN)

Puerto Rico’s Recovery Act Ruled Preempted: What Now? --- U.S. District Court Holds that Puerto Rico's Recovery Act is Unconstitutional
(DBN)

Cities Dig for Profit by Penalizing the Poor
(DBN)

AR: Reduced pension benefits proposed
(DBN)

Double pensions for Scranton employees never authorized by board
(DBN)

____________

Retailing:

RadioShack gets court approval for interim bankruptcy loan --- RadioShack Cleared to Continue Sales, Tap Bankruptcy Loan
(DBN)

Overworked Americans killed RadioShack
(DBN)

These states will miss RadioShack the most
(DBN)

John Oliver helps Radio Shack tell America to ‘Go f--- yourselves,’ you’ll miss us when we’re gone
(DBN)

A&G Handling Sale of RadioShack Leases
(DBN)

Gordon Bros., Hilco and Tiger to Manage RadioShack Closing Sales
(DBN)

RadioShack's demise puts 68 NYC retail leases on the market immediately
(DBN)

ISDA Americas Credit Derivatives Determinations Committee: RadioShack Bankruptcy Credit Event
(DBN)

Wet Seal's Fate: March 10 a Key Date
(DBN)

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Weather:

Boston's harshest winter ever
(DBN)

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Personal Finance:

25 thoughtful Valentine's Day gifts under $50
(DBN)

____________

Corporate Reform:

Government to Target Payday Lenders
(DBN)

To Stop Next Crisis, Make S&P Own Up to Fraud in Settlement
(DBN)

Report: The DOJ wants guilty pleas from big banks who allegedly manipulated foreign currency prices
(DBN)

____________

Debt Collection:

Civil Rights Attorneys Sue Ferguson Over 'Debtors Prisons'
(DBN)

Woman Must Face Bank $62M Claims Over Fraudulent Transfer Judgment
(DBN)

____________

Oil/Gas:

Tues. A.M.: Oil at $55 per barrel is here to stay --- Oil falls as IEA warns stocks may hit all-time high --- Oil futures fall as investors can't get comfortable with recent rally --- IEA: The US oil production party is far from over
(DBN)

Mon. P.M.: Oil gains as US drilling rig count continues decline --- Oil Advances After OPEC Lowers Outlook for U.S. Output --- OPEC says oil's drop hitting other producers faster than thought
(DBN)

G20: Plummeting oil prices will provide some boost to global growth
(DBN)

Booming jobs and falling gas prices make this the best economy in 15 years
(DBN)

What Oil Companies May Need to Know About Bankruptcy
(DBN)

Oil company SandRidge is going to shut 75% of its rigs
(DBN)

Analyst: Gas prices $3 per gallon by April
(DBN)

The Facts Behind Oil's Price Collapse
(DBN)

Is OPEC winning an oil price war against the US?
(DBN)

Citi: Here comes $20 oil ...
(DBN)

S&P Lowers Outlook on Saudi Arabia Due to Plunge in Oil Prices --- Rating Outlook Cut to Negative
(DBN)

Iraq Oil Production Setting Records
(DBN)

North Sea oil bankruptcy risk surges amid calls for tax cuts
(DBN)

____________

Resorts:

Former billionaire makes last-ditch effort to appease judge
(DBN)

____________

Student Debt:

Counsel young lawyers about debt, ABA policymakers urge law schools and bar groups
(DBN)

Lowering student debt payments is costing taxpayers billions of dollars
(DBN)

____________

Aviation:

Emirates Boss Strikes Back at U.S. Airlines for Hiding Behind Bankruptcies
(DBN)

US Airways Flight 1825 Makes Emergency Landing In Houston Without Nose Gear
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Bankruptcy Index Rises
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

The Baffling Rejection of Venue Reform by the ABI Chapter 11 Reform Commission
(DBN)

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Bankruptcy Policy:

Bankruptcy and Debt: A New Model for Corporate Reorganization
(DBN)

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UCC:

Court Finds Mistaken Filing Terminates Security Interest Securing $1.5 Billion Loan
(DBN)

____________

Settlements:

U.S. District Court of Delaware Reverses and Remands A Bankruptcy Settlement Effected With No Notice
(DBN)

___________

Cross-Border:

Managing the Chapter 15 Cross-Border Insolvency Case – A Book Review of The Pocket Guide for Judges by the Honorable Louise De Carl Adler
(DBN)

____________

Recent Pleadings:

Skadden Faces Sanctions Bid For Alleged "Numerous Undisclosed Material And Adverse Conflicts"
(DBN)

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Tax:

US government faces pressure after biggest leak in banking history --- HSBC admits Swiss bank failings over client taxes --- Swiss mess: another legacy issue for HSBC to clean up --- HSBC’s dodgy dealings exposed
(DBN)

HSBC Faces U.K. Parliament Probe Into Secret Swiss Accounts
(DBN)

Hiding money in a tax shelter can come back to bite you
(DBN)

Belgium considers arrest warrant against HSBC Switzerland directors
(DBN)

Swiss tax row raises spectre of fresh legal action for HSBC
(DBN)

HSBC Stock Sinks
(DBN)

Paraguay’s Cartes in HSBC files
(DBN)

UBS confirms it is being investigated in Swiss tax evasion scandal
(DBN)

Lawyer moved Halliburton subsidiary bribes through secret Swiss HSBC accounts
(DBN)

____________

Currency:

Did Chinese Bitcoin Trading Site Go Bankrupt And Lose $386M?
(DBN)

____________

Sovereigns:

Paul Singer Feeling Philosophical About Argentina
(DBN)

What Happens If a Country Goes Bankrupt ?
(DBN)

Venezuela's collapse has nothing to do with falling oil prices
(DBN)

____________

UK:

Insolvency practitioners to guarantee debtors' bill payments
(DBN)

R3 issues five-point plan to avoid insolvency
(DBN)

____________

EU:

Europe turns lower on Greek bailout jitters
(DBN)

____________

PIIGS:

Greece just outlined its new demands to Europe --- Greek official: If Germany remains rigid on debt deal, we can get funding from another source
(DBN)

Pigasse, head of Lazard Paris, says troika 'all wrong' on Greece
(DBN)

PM: Greece has 'moral obligation' to claim German WWII reparations --- Germany tells Greece there is 'zero' chance it is going to pay World War II reparations
(DBN)

Greece Condemns Bailout Program as Markets Slide --- Greek Finance Minister pledges deep reform after PM rattles markets --- Greek leader Tsipras pledges to press ahead on undoing austerity measures --- Tsipras lays out a risky road map for Greece
(DBN)

Greece says restructuring debt, cutting surplus are non-negotiable
(DBN)

Bond Traders Unimpressed by Greek Drama They've Seen Before
(DBN)

____________

Canada:

Court Interprets Receivership Order Stay Provisions and Addresses The Impact of Inter-Creditor Disputes on The Distribution of Proceeds into Court
(DBN)

____________

Ukraine:

Donors plan Ukraine conference in April to raise $15 bln
(DBN)

Obama just bummed out Ukraine
(DBN)

____________

Brazil:

Brazilian police posted pictures of 'negative billionaire' Eike Batista's impounded Lamborghini on the internet
(DBN)

____________

Russia:

Russian Car Sales Fell 24% in January
(DBN)

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Ukraine:

Ukraine’s currency just collapsed 50 percent in two days
(DBN)

____________

China:

China's debt is marching into uncharted territory
(DBN)

____________

Thailand:

Cabinet nods to bankruptcy draft act
(DBN)

____________

Cyprus:

Optimism for nod to fifth insolvency bill
(DBN)

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