February 17, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Law firm partner profits rose in 2014; top 15 law firms had the best showing, Citi report says
(DBN)

Associate Bonus Watch: Will Cadwalader Match Davis Polk?
(DBN)

K&L Gates Names New Bankruptcy Partner
(DBN)

State Of The Chicago Legal Market
(DBN)

GOP Seizes on HSBC Scandal to Hold Up Lynch
(DBN)

Love in Law: Two Legendary Lawyer Couples Talk Life and Love
(DBN)

Troutman Sanders Increases Gains Over 2013
(DBN)

Hogan Lovells posts 3.6 per cent rise in 2014 revenue to $1.78bn
(DBN)

Davis Polk Posts Record-High Revenue, PPP
(DBN)

Norton Rose Fulbright LLP accounts show a move into the black in 2013/14
(DBN)

Pillsbury year-end results show 3 per cent boost to $560m
(DBN)

NJ Firms, So Far, Short of National and Global Growth Rates
(DBN)

Foreign Firms Often Lose Out on Attorney-Client Privilege
(DBN)

UK: Financial performance at US headquartered global firms outstrips that of domestic rivals
(DBN)

Research shows lawyers are unprepared for retirement and set to work well beyond 65
(DBN)

Law firm is closing down in wake of claimed thefts by former president, attorney says
(DBN)

Two Lower-Tier Law Schools Merge To Become One… Lower-Tier Law School
(DBN)

Clients Eye Law Firms as Security Weak Link
(DBN)

Why Is The Junior Lawyer Saddled With Direct Exams?
(DBN)

9 ways to change the carnivorous partnership model and save BigLaw firms
(DBN)

Wife of slain DLA Piper lawyer told police ‘everything seemed fine’ when they last spoke
(DBN)

Meaning in Your Career
(DBN)

LawProse: literally.
(DBN)

From T14 To ---: A Law Student’s Racy Alternative Career
(DBN)

The changing face of the legal profession
(DBN)

The 10 best iPhone widgets you should be using
(DBN)

I just found my new favorite Windows laptop, and it's cheaper than the MacBook Air
(DBN)

An Essential Guide for Lawyers in Social Media
(DBN)

7 minimalist watches to step up your style game
(DBN)

How far for a custom suit? Try, around the world
(DBN)

The cofounder of LinkedIn has brilliant advice for anyone who wants to switch careers
(DBN)

The cyber bank heist that stole up to $1 billion relied on the easiest trick in the book
(DBN)

Fifty Shades Of Legal Liability – Legal Risks Of K---- S--
(DBN)

Huge Spy Program Exposed: NSA has hidden software in hard drives around the world
(DBN)

Banter with 80-year-old defendant lightens bond court hearing (see the video)
(DBN)

We now lock up so many people that prisons have lost their power to fight crime
(DBN)

Utah state house votes to bring back firing squad.
(DBN)

Federal judge halts Obama’s order on immigration
(DBN)

Judge requires return of $1.5M won by casino gamblers who detected something amiss
(DBN)

Why Doesn’t Annalise Understand The Constitution? Week 12 Of HTGAWM
(DBN)

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Judges:

Detroit's Bankruptcy Judge to Retire - Judge Rhodes Postponed His Retirement Two Years Ago to Oversee Historic Case
(DBN)

TN: Weather Delays - Chattanooga, Greeneville, Knoxville and Winchester divisions
(DBN)

MO: Rush Hudson Limbaugh Sr. U.S. Courthouse Closed Due To Weather
(DBN)

Roy Moore: 'I Would Not Be Bound' By A Supreme Court Ruling Supporting Same-Sex Marriage --- Federal court orders Ala. judge to issue same-sex marriage licenses; new suit seeks opposite result
(DBN)

A Black Mississippi Federal Judge's Breathtaking Speech To 3 White Murderers
(DBN)

Law Clerk Files Totally Unhinged Lawsuit Against His Own Judge
(DBN)

Notice of Job Vacancy - Term Law Clerk to U.S. Bankruptcy Judge-Southern District of Mississippi
(DBN)

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Wall Street:

Markets From Stocks to Debt to Euro Show Little Panic --- US stock futures slump after Greek debt impasse --- Breakdown of talks over Greece prompts fresh market jitters
(DBN)

Stocks tumble after Greek debt talks break down ... again
(DBN)

Stocks hit near five-month high but Greek talks keep markets edgy
(DBN)

The Drexel collapse, 25 years later
(DBN)

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Layoffs:

Yahoo's brutal corporate re-alignment
(DBN)

United Airlines is cutting about 1,150 jobs
(DBN)

Bank of America slashes another 250 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Doctors' Hospital in distress: $2M lawsuit, retirees lose life insurance
(DBN)

Deadline looms on Prime purchase of Daughters of Charity hospitals
(DBN)

The things most likely to kill you
(DBN)

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Tax:

France ends investigation of HSBC's Swiss bank, eyes first trial
(DBN)

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Environmental:

W.Va. chemical spill company's bankruptcy at crossroads --- Judge calls for meeting
(DBN)

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Gambling:

Revel Claims They Have 'Many' Buyers for Ex-Casino --- Tuesday hearing could be end of deal to buy Revel
(DBN)

Family of Murdered Man Wants Right to Caesars' Insurance Money
(DBN)

Casino money misses states' expectations
(DBN)

____________

Hollywood:

Former Rhythm & Hues Owners Sued for Having "Pillaged" Oscar-Winning VFX House
(DBN)

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Golf:

Exclusive Golf Club at Briar's Creek in South Carolina Files for Bankruptcy
(DBN)

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Steel:

Former Isaacson head pleads guilty to conspiracy
(DBN)

___________

Autos:

GM returns to bankruptcy court seeking legal protection
(DBN)

GM Customers Get Last Shot at Reigniting $10 Billion Switch Suit
(DBN)

Bankruptcy court battle looms over economic-loss claims against GM concerning ignition-switch issues
(DBN)

63.9 Million Cars Recalled Last Year
(DBN)

GM: Lousy Year, but Big Executive Bonuses
(DBN)

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Guns:

Utah Gun Maker Files for Bankruptcy
(DBN)

____________

Banking:

3 Banks That May Not Survive 2015
(DBN)

Unofficial Problem Bank list declines to 386 Institutions
(DBN)

Bank Failure #3 in 2015: Capitol City Bank & Trust Company, Atlanta, Georgia
(DBN)

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Food/Beverage:

Owner of Harris Hills dairy in Union files for bankruptcy
(DBN)

Bennigan’s CEO liked the chain so much, he bought the company
(DBN)

____________

Shipping:

Bankrupt OW Bunker subsidiary owed $329 mln
(DBN)

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Bankruptcy Crimes:

TX: Former CPA from Spring convicted of bankruptcy fraud
(DBN)

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Aviation:

Delta CEO blames Gulf for bankruptcy protection
(DBN)

Orix considering support for Skymark Airlines --- Skymark Air Shares Surge 164% on Report Orix Weighing Investment
(DBN)

Delta CEO on why ticket prices haven't dropped
(DBN)

Will Airlines Begin To Post Losses If Oil Prices Rise In Coming Months?
(DBN)

____________

Education:

Cal Grants halted at 10 Heald College campuses
(DBN)

____________

Economy:

The Economics of Love in a Global Economy
(DBN)

Cleveland Fed president says the Fed 'could probably do better to be a bit more plain-spoken'
(DBN)

Inflation is dead: It’s below 1 percent in the U.S., U.K., Europe, China, and Japan
(DBN)

Consumer Confidence Falls in February
(DBN)

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

Morgan Stanley: US consumers just aren't spending their gas savings like we thought they would --- Americans used their savings from gas prices to save money and buy gas
(DBN)

Negative rates to shake up financial system, say experts
(DBN)

12 Ways the World Could End
(DBN)

The worst tippers in America live here
(DBN)

Ships, Ships, Everywhere Ships --- US labor official overseeing stalled West Coast port talks
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Surety Bonds: Direct Claims v Derivative Claims – Who Knew?
(DBN)

Goldman, Citi, UBS Shell Out $235M to Settle RMBS Suit
(DBN)

Bill would force banks to maintain 'zombie' homes
(DBN)

One bedroom Manhattan apartment hits market for $120,000 a month
(DBN)

3% down payments lure first-time homebuyers
(DBN)

The world’s superrich now own $3 trillion in homes
(DBN)

JPMorgan whistleblower: Justice still hasn’t been done
(DBN)

____________

Municipalities:

Municipal Bankruptcy -- Lessons for the Capital Markets
(DBN)

Retiring Detroit bankruptcy judge Rhodes gives up Detroit case
(DBN)

Detroit retirees who owe up to $96000 to city face deadline
(DBN)

A wakeup call on public worker pensions
(DBN)

CalPERS paid lawyers $7 million in bankruptcies
(DBN)

Puerto Rico bankruptcy bill to get US House hearing -sources
(DBN)

Puerto Rico casts shadow over muni market
(DBN)

Puerto Rico and US hedge funds wander into muni minefield
(DBN)

Atlantic City meltdown may haunt Christie
(DBN)

Taxpayers in 3 counties could be on hook for millions after solar project fizzles
(DBN)

Shamokin one step closer to Act 47 plan
(DBN)

Richest Cities for Young People: 1980 vs. Today
(DBN)

The geography of inequality in 9 US cities
(DBN)

New State Pension Rules Expose Fund Deficits
(DBN)

____________

Weather:

New England buried in historic snow
(DBN)

Latest Blizzard Puts Boston Within one foot of all time record --- City dispatches prison inmates to shovel subway tracks
(DBN)

Year 4: It Never Rains in California
(DBN)

Nationally, it's been one of the warmest winters on record
(DBN)

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Pensions:

The trillion-dollar pension crisis is only getting worse because people are living too long
(DBN)

Retired Texas teachers could face higher health care costs
(DBN)

____________

Personal Finance:

Your debts don't evaporate when you die — here's who has to pay
(DBN)

____________

Celebs:

Lance Armstrong ordered to pay back $10 million in prize money
(DBN)

Ginuwine wins battle over album cash
(DBN)

David Cassidy files for bankruptcy --- David Cassidy explains why he filed for bankruptcy --- Where are the stars of 'The Partridge Family' now? --- Come on Get Happy…In Bankruptcy?
(DBN)

More Money, More Problems: Why Pro-Athletes Go Bankrupt After Retiring
(DBN)

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Oil/Gas:

Mon. P.M.: Oil steadies around $61, Kuwait sees prices supported --- Gas Prices Increase Third Straight Week --- Crude Oil Trades Near Two-Month High as Drilling Slows in U.S.
(DBN)

Oilfield Jobs: Already Gone, More Pain Ahead
(DBN)

Shafted? Laid-Off Workers Sue Drilling Company for Not Giving Advance Notice
(DBN)

Goldman: US Oil-Rig Slump Not Enough to Halt Output Growth
(DBN)

Oil Producers in a Financial Trap
(DBN)

Transocean CEO steps down, dividend slashed amid oil slump
(DBN)

Is Louisiana's rig count safe from the nationwide tumble?
(DBN)

Oil jobs under threat as MHWirth to close Stockton base
(DBN)

Oil Crash: Houston Holds Its Breath
(DBN)

France's Total to Start Cutting Jobs
(DBN)

Helix earnings down 78 percent
(DBN)

Energy execs say their projects are budget busters
(DBN)

Where the World's Oil Will Come From
(DBN)

____________

Presidents' Day:

Abraham Lincoln And The First ‘JD Advantage’ Job
(DBN)

There are about 15,000 books on Abraham Lincoln — here are the 7 you should read --- 11 inspiring quotes from Abraham Lincoln on liberty, leadership, and character
(DBN)

Fascinating facts about 11 of America's presidents
(DBN)

Inspiring quotes on life, liberty, and the pursuit of happiness from every US president
(DBN)

America's Worst President Ever
(DBN)

Most US Presidents Were Lawyers
(DBN)

____________

Retailing:

Minnesota suppliers hit hard by Target's Canada collapse
(DBN)

RadioShack restructuring chief says retailer overestimated cash
(DBN)

Bankrupt RadioShack Wants to Reward Execs With Bonus Pay
(DBN)

Sprint Gets New Life From RadioShack's Demise
(DBN)

Who Wants The RadioShacks That Sprint Doesn't?
(DBN)

Why Aeropostale's good news isn't nearly good enough
(DBN)

Another KC area mall is about to bite the dust
(DBN)

Hilco Streambank to Sell dELiA*s Intellectual Property
(DBN)

____________

Politics:

Supporters ratchet up pressure, but Elizabeth Warren continues to resist presidential run
(DBN)

Warren Is Using Community Banks as Human Shields
(DBN)

Under fire over fiancee’s role as ‘first lady’ and paid outside consultant, Oregon governor resigns
(DBN)

Scott Walker will have a hard time explaining his economic record if he runs for president
(DBN)

Boehner: GOP Will Let Homeland Security Funding Lapse --- Boehner: Blame Dems for DHS Shutdown
(DBN)

____________

Tech:

GT Advanced wins more time to exit bankruptcy protection
(DBN)

Running With The Big Dogs in Supply Chain Relationships, Part I (Or, Why My iPhone 6 Screen Isn’t Made Of Sapphire) (Or, If You Ain’t Made It Before, Don’t Bet The Company On It)
(DBN)

Running With The Big Dogs in Supply Chain Relationships, Part II (Or, A Product’s Components Have To Work Together) (Or, The Thigh Bone Is Connected To The Knee Bone…)
(DBN)

____________

Asset Protection:

Utah Supreme Court Decides Conflict-Of-Laws Issue In Revoking Dahl
(DBN)

____________

Finance:

Arcapita: Rising from the ashes
(DBN)

____________

History:

An Important Lesson About Banking From the Panic of 1873
(DBN)

____________

Awards:

Who's Who - Banking 2015
(DBN)

Attorney Nicholas Wajda Named as One of the Top 40 Lawyers Under 40
(DBN)

____________

Opera:

While large operas flounder, small companies flourish
(DBN)

____________

Religion:

Coming to Law -- Churches in Bankruptcy Edition
(DBN)

When Faith Falls Short: Bankruptcy Decisions of Churches
(DBN)

____________

Insurance:

Debt Repayment Drops AIG Profits 67%
(DBN)

____________

New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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UCC:

Pre-Bankruptcy Planning for the Secured Creditor Under the Uniform Commercial Code: Five New Year’s Resolutions
(DBN)

Paralegal's Mistake Costs Lender (JPMorgan Chase) a $1.5 Billion Security Interest in Loan
(DBN)

____________

Bankruptcy Reform:

2015 Outlook on Bankruptcy: What's Ahead for Chapter 11 Reform - Treatment of Executory Contracts and Leases Financial Contracts, Derivatives, and Safe Harbor Provisions Avoiding Powers and Administrative Claims
(DBN)

2015 Outlook on Bankruptcy: What's Ahead for Chapter 11 Reform - Recommendations on Small and Medium-Sized Enterprises Estate Neutral Concepts Financing the Case; DIP Financing and Related Issues
(DBN)

2015 Outlook on Bankruptcy: What's Ahead for Chapter 11 Reform - Sales, Including Sales of All or Substantially All of Assets of the Business Value Determinations, Allocation and Distribution Plan Voting and Confirmation Issues
(DBN)

____________

Arbitration:

Eleventh Circuit Affirms Arbitration Dismissal in Favor of Investor’s Estate in Clawback Suit
(DBN)

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Jurisdiction:

Stern with a Twist: Supreme Court to Consider Constitutional Authority of Bankruptcy Courts
(DBN)

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Sanctions:

Sixth Circuit Bankruptcy Appellate Panel Affirms $200,000 Attorney Sanctions
(DBN)

Fox Team Scores Win in Texas Civil Contempt Case
(DBN)

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Discharge:

Even Exes Can Tell the Truth Sometimes: A Valentine’s Day Reminder
(DBN)

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Cross-Border:

Cayman's Caledonian Bank Files Bankruptcy After SEC Freeze
(DBN)

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Tax:

Secured Lender Primes Earlier Federal Tax Lien
(DBN)

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Professional Compensation:

Crowdsourcing Fee Control
(DBN)

____________

Fraud:

Zeek Receiver Wins Approval To Pursue Class Action Clawbacks
(DBN)

Jury: Former Ambassador Must Return $700,000 To Stanford Receiver
(DBN)

Former Tifton Banking CEO charged with bank fraud
(DBN)

____________

Electricity:

Energy Future Holdings Seeks Bankruptcy Court Approval to Pay Down Debt - Proposed Payoff Involves Debt Linked to Stake in Oncor
(DBN)

Battle over carcass of Energy Future Holdings heats up
(DBN)

____________

Corporate Governance:

Should There Be More Litigation Against Corporate Officers? (Uh, No.)
(DBN)

Series LLCs: The Next Generation Of Passthrough Entities?
(DBN)

____________

Sovereigns:

Pari passu: the English patience
(DBN)

Hunting Titans: RPC fails to convince judge to order BNY Mellon to release Argentinian bondholders
(DBN)

Argentine Debt Dispute Remains Murky Even as London Court Sheds Some Light
(DBN)

Argentina's Bond Mess Gets Slightly More Complicated
(DBN)

Soros, Hayman Funds Get UK Court Order on Argentina Bonds
(DBN)

Argentina Wins British Victory in Vulture Funds Battle
(DBN)

Opinion divided on Argentina debt rally after UK ruling
(DBN)

____________

UK:

Helicopters, UK Cape Town ratification and English insolvency law - best leave well alone?
(DBN)

Tesco to cut up to 10,000 jobs
(DBN)

UK inflation hits lowest level since records began --- Britain Enjoys Negative Inflation For the First Time Since 1960
(DBN)

____________

EU:

A Lasting Fix for Europe's Debt Woes - Monetary policy tools only delay the inevitable. What Europe needs is a deeper capital market and a way to restructure losses
(DBN)

____________

PIIGS:

Greeks brim with pride as country totters on the edge --- Greeks with cash are voting with their feet --- EU hangs tough, waiting for Greece to bend as euro wilts
(DBN)

Greece's Rift With Euro Area Deepens as Rescue Talks Break Down --- Greece rejects eurozone's 'absurd' bailout offer as time runs out on talks --- Greek official: No agreement is possible --- Greece's finance minister says the country won't back down in crucial negotiations--- Greek bailout: Eurogroup talks collapse --- Talks break down between Greece and creditors over Europe's 'absurd' demands --- Greece and the Eurozone dance on the precipice, snarling at each other --- Eurozone finance ministers pessimistic over Greece bailout --- Eurozone meeting on Greece bailout ends amid discord --- 'Dying out of poverty!' Thousands gather for anti-austerity rally in Athens --- The short-sightedness of looking back, not forward --- Battle lines drawn as euro zone starts Greek debt talks --- Greece and the eurozone both have a lot to lose in their dangerous game of chicken
(DBN)

Here's what happens if Greece is forced out of the euro --- JP Morgan: Greek banks would run out of collateral in 14 weeks --- Greek Euro Exit Risk Increases as EU Delivers Ultimatum on Aid --- The only way for Greece is out of the eurozone
(DBN)

Greece's economic disaster is even worse than it looks
(DBN)

Greece is teaching a lesson in game theory
(DBN)

Eurozone issues Greece an ultimatum; Athens hopeful of deal
(DBN)

Italy considers bank reforms package to clean up bad loans
(DBN)

When Italy's Bad Bank Is a Good Idea
(DBN)

Italy is Europe’s ticking time bomb
(DBN)

Bank of Portugal keeps 15 potential bidders in race for Novo Banco
(DBN)

____________

Canada:

Global supply glut, low prices force LIM to stare down bankruptcy filing
(DBN)

____________

Russia:

Russia's former largest foreign investor: Putin is worth $200 billion
(DBN)

SocGen’s Russian Bank Unit Will Cut 1,500 Jobs This Year
(DBN)

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Japan:

Japan's economic recovery weaker than expected
(DBN)

____________

France:

Les Atelières File For Bankruptcy
(DBN)

____________

Ukraine:

Ukraine's hryvnia currency plunges to new lows
(DBN)

Ukraine GDP falls 15.2 pct in Q4 2014 y/y
(DBN)

Ukraine's goods trade deficit narrows sharply in 2014
(DBN)

The Ukraine peace deal is on the verge of collapse
(DBN)

____________

Malawi:

Malawi Is Almost Bankrupt
(DBN)

____________

Brazil:

Brazil's Eneva proposes up to 65 pct debt haircut in bankruptcy plan
(DBN)

____________

MENA:

Dubai World's debt restructuring gets 100 pct creditor backing
(DBN)

Gaza is Near a Total Collapse
(DBN)

____________

South Africa:

South Africa's Telkom may cut up to 10,000 jobs - union
(DBN)

____________

China:

China's Kaisa says total debt now over $10 bln, looking to restructure
(DBN)

China's Kaisa says more than $2 bln assets now frozen by courts
(DBN)

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