February 26, 2015

The Daily Bankruptcy News

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Law:

Bankruptcy lawyer accused of overcharging clients, misspending thousands of dollars
(DBN)

The Anemic Law Jobs Recovery
(DBN)

Latham profits per partner rise to US$2.9m
(DBN)

Formerly Top 30 Law School Enters Full-On Meltdown
(DBN)

The First Two Law Schools to Drop the LSAT Could Be Just the Beginning
(DBN)

Can Big Firms Innovate?
(DBN)

Number of women, minority partners at law firms still far lower than counterparts
(DBN)

Houston Lawyer Hit With Disciplinary Suit Over Bankruptcy Work
(DBN)

Milbank Sees Spike in Revenue, Profits
(DBN)

Shearman Builds on Breakout 2013
(DBN)

Kasowitz's Revenues Get Big Bounce From FHFA Settlements
(DBN)

Firm Finance Numbers for Haynes and Boone
(DBN)

Fast-growing Shook Hardy to open new office by acquiring 25-attorney Chicago firm
(DBN)

LawProse: “toward” or “towards”?
(DBN)

Law Student Joins Illinois Legislature
(DBN)

Supreme Desperation: A Grovel By A Jaded Lad (A Struggling Lawyer’s Story)
(DBN)

Lawyers struggle to deliver productivity demanded of their employers
(DBN)

More Than 70 Percent Of Law Firm Blogs Are Not ‘Mobile Ready’
(DBN)

Contract Attorneys: What Motivates You To Do Good Work At Your Job?
(DBN)

alt.legal: How Melrose Place Gave Me The Courage To Leave Law
(DBN)

A Conversation With The Founders Of Lake Whillans Litigation Finance
(DBN)

Man injured in mystery bathroom explosion
(DBN)

Policeman performs exorcism on 'drunk' suspect before arresting him
(DBN)

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Judges:

Attorney Henry Callaway appointed as U.S. bankruptcy judge
(DBN)

More on the Howard Shipley matter
(DBN)

Top state court refuses agreed discipline, says judge should lose $11.5K in pay for Facebook post
(DBN)

Judge agrees to reprimand for not revealing speeding ticket en route to appeals court job interview
(DBN)

Feds raid Texas secessionist meeting after judge "ordered" to appear in Republic of Texas court
(DBN)

Following courthouse prank, Delaware courts are reviewing which security officers should be armed
(DBN)

Censure recommended for judge who had little patience for smirking defendants
(DBN)

This Citation By Justice Kagan Looks A Little Bit Fishy
(DBN)

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Wall Street:

US stock futures set to open higher
(DBN)

Global stocks higher on earnings, China factory output
(DBN)

Stocks close mixed; Dow ekes out 3rd straight record
(DBN)

Analysts are becoming increasingly suspicious of Berkshire Hathaway
(DBN)

Portfolios with penny stocks were three times more likely to lose money in 2014
(DBN)

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Layoffs:

How unemployment warps your personality over time
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Elizabeth Warren just revealed her next big fight
(DBN)

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Retailing:

RadioShack to sell name separately with $20 million opening bid
(DBN)

RadioShack to slow sale process; GameStop eyes stores
(DBN)

RadioShack Dealer Group Forms to Participate in Bankruptcy Case
(DBN)

Standard Gen’l jabs back at RadioShack creditor panel over 2014 refi
(DBN)

SkyMall may have suffered 41% revenue dive before bankruptcy
(DBN)

Target beats sales forecasts in sign strategy working
(DBN)

Sears Holdings Corp : Why Bankruptcy Is Coming Soon
(DBN)

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Tax:

HSBC bosses face questions from MPs over Swiss bank claims
(DBN)

Actress Emma Thompson and her husband refuse to pay 'a penny more' in taxes until HSBC tax evaders go to jail
(DBN)

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Gambling:

March 4 hearing set to consider Revel sale
(DBN)

Revel casino buyer plans $100M renovation
(DBN)

Revel power plant company wants bankruptcy converted from Chapter 11 to Chapter 7 --- Revel utility supplier fights latest Straub deal
(DBN)

Bank of America in $300 mln Fontainebleau Las Vegas settlement
(DBN)

Foxwoods and Mohegan May Face Another Restructuring, Fitch Says
(DBN)

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Theatre:

Long Beach Island's Surflight Theatre Declares Bankruptcy
(DBN)

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Food/Beverage:

One of the country's top cherry factories is suspected of being a massive drug front
(DBN)

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Religion:

Archdiocese plans possible sale of Northfield property to pay bankruptcy debt
(DBN)

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Corporate Reform:

Wall Street Bankers Shouldn t Be Too Big to Prosecute - Bank Think Article - American Banker

____________

Waste:

No bankruptcy yet for Tri-County
(DBN)

____________


Economy:

Yellen Defends Fed Against Lawmaker Criticism on Independence
(DBN)

Yellen's 'patient' retreat from zero interest rates
(DBN)

Translating the Warren-Yellen Exchange
(DBN)

Why rising wages might be bad news
(DBN)

Why companies are rewarding shareholders instead of investing in the real economy
(DBN)

Dallas Fed: Texas factory activity flat in February
(DBN)

T.J. Maxx Follows Wal-Mart in Boosting Wage to $9 an Hour
(DBN)

Your next bubble warning? Try looking in the Bible
(DBN)

The Coming Financial Bubble: Worst One of All
(DBN)

Countdown to crash of 2016 begins?
(DBN)

Retailers Want Food Stamps Too
(DBN)

Women need time off from work the most but often get it the least
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US new-home sales avoid a winter dip --- New home sales stall out in January, falling 0.2%
(DBN)

US new home sales steady near multi-year highs; supply up
(DBN)

MBA: Mortgage Delinquency and Foreclosure Rates Decrease in Q4, Lowest since 2007
(DBN)

Morgan Stanley agrees $2.6 billion settlement
(DBN)

A realistic look at homeowner tax breaks
(DBN)

Fannie, Freddie declining profits revive push for housing reform
(DBN)

How much money you need to earn to buy a house in these cities
(DBN)

Foreclosure vulture group files Chapter 11 over $5M in loans
(DBN)

Latest data shows housing economy sluggish
(DBN)

Mortgage Risk Index hits series high in January
(DBN)

Drama around 45 John reaches showbiz heights
(DBN)

____________

Municipalities:

Orr, Rhodes reflect on end of Detroit bankruptcy
(DBN)

Detroit bankruptcy kudos widely shared
(DBN)

Kevyn Orr defends pension moves in Detroit bankruptcy
(DBN)

Stockton's Chapter 9 case moving to bankruptcy appellate panel
(DBN)

Stockton, Calif., issues checks to creditors in bankruptcy exit
(DBN)

Stockton officials return to court as city emerges from Chapter 9
(DBN)

Police launch investigation into Scranton pension payments
(DBN)

In an ideal world, Puerto Rico would be bankrupt
(DBN)

House Judiciary Committee On PR Bankruptcy: John Pottow Comments --- Melba Acosta-Febo Comments --- Robert Donahue Comments --- Thomas Mayer Comments
(DBN)

Puerto Rico Bankruptcy Bill Would Change Rules on Creditors Midstream
(DBN)

Chapter 9 a 'Wild West' solution for Puerto Rico agencies
(DBN)

Public Pensions, Once Unassailable, Start to Look Vulnerable
(DBN)

Pension plans too costly for cities
(DBN)

____________

Mass Torts:

Garlock offered Philly cases as proof asbestos lawyers were withholding evidence
(DBN)

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Oil/Gas:

Thurs. A.M.: Oil rises above $62 after Saudi comments on demand
(DBN)

Weds. A.M.: Oil gains, but holds below $50 after supplies rise --- Oil up on Saudi demand view even as U.S. crude stocks rise
(DBN)

Energy companies slash $50 billion from budgets
(DBN)

Companies are hoarding their oil savings
(DBN)

Yellen says oil price means inflation will fall before it rises
(DBN)

Cheseapeake cutting back 26 percent on capital budget, drilling --- Chesapeake Energy shares fall --- Chesapeake Energy Capital Expense Cuts Won't Help Its Bottom Line
(DBN)

How Does BP Plan To Ride Through The Oil Crash?
(DBN)

Expert warns Calgary oil companies to deal with mounting debt --- Calgary energy giant Encana slashes capital spending as profits fade
(DBN)

Barclays: Oil Bulls 'Need To Be Cautious'
(DBN)

The Awful Oil Market Causes Another Oil Sands Project to Get Shelved
(DBN)

OPEC and the oil glut
(DBN)

Nigeria suffers ‘substantial’ revenue loss as oil prices fall
(DBN)

Oil boom’s end threatens pain for much of Latin America
(DBN)

Colombia's richest city is busted
(DBN)

What the Texas oil slump means for your industry
(DBN)

____________

Autos:

Bank of America predicts a massive Tesla collapse
(DBN)

Chassix Negotiating Prearranged Bankruptcy Filing
(DBN)

____________

Education:

D'Amato: Where's the assistance for Everest students?
(DBN)

____________

Student Debt:

Student Debt Strikers Risk Ruining Their Credit for a Cause
(DBN)

Sallie Mae On Guard Against Student Loan Discharges
(DBN)

____________

Tech:

This video of seniors using the internet for the first time will make your day
(DBN)

____________

Healthcare:

El Paso Children's Hospital considers bankruptcy filing in response to UMC takeover offer
(DBN)

Daughters of Charity system sues SEIU, Blue Wolf Capital for "interfering" with sale
(DBN)

NuOrtho Surgical files for bankruptcy ; former employees seek $2.7M
(DBN)

Denver's ProNerve acquired by Nashville company, bankruptcy part of deal
(DBN)

Major insurers are finally revealing one of health-care’s greatest mysteries
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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:

Distress Index Down 60% Since 2010, 26% YtY
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Professional Compensation:

U.S. Supreme Court Hears Bankruptcy Lawyers' Billing Dispute
(DBN)

Transcript: SCOTUS hears arguments in Baker Botts v. Asarco - Can bankruptcy lawyers be paid for defending fee applications?
(DBN)

____________

Avoidance Actions:

Ask the Professor: Did the 7th Circuit Properly Rule in Sentinel II?
(DBN)

____________

Corporate Governance:

Pick Your Partner versus the U.S. Bankruptcy Code
(DBN)

'One Court' Corporate Bylaws Working
(DBN)

____________

IP:

Rights of Trademark Licensees: Protection for Non-Debtors After Rejection of Trademark License Agreements
(DBN)

____________

Distressed Investing:

Barbarians at the Gate: Loan Syndications and Trading Association Issues Market Advisory Regarding Disqualified Institutions Provisions for Blacklisted Lenders
(DBN)

____________

TBTF:

TBTF and The Single Point of Entry (SPOE): Part Two
(DBN)

SPOE: Backdoor Bailouts and Funding Fantasies?
(DBN)

____________

Aviation:

Sun Country pilots vote to strike if no deal reached
(DBN)

____________

Banking:

Doral Receives FDIC Prompt Corrective Action Letter
(DBN)

____________

Sovereigns:

Argentina loses debt ruling in Germany
(DBN)

Argentina says has 'window of opportunity' to issue debt
(DBN)

Gov't seeks to circumvent Griesa with new US$ bonds
(DBN)

____________

UK:

Insolvency Changes
(DBN)

London court refuses to annul bankruptcy of JFC CEO Kekhman
(DBN)

____________

EU:

The Eurozone Taxpayers' Possible Loss On ECB QE Is €3.4 Trillion
(DBN)

Negative interest rates are here to stay — so get used to them
(DBN)

____________

PIIGS:

Doubts cloud deal to extend Greek bailout --- Greece sees problems repaying IMF, ECB
(DBN)

What Greece Needs
(DBN)

Why Greece needs a basic income
(DBN)

Cracks appear in Greek government as Tsipras walks tightrope
(DBN)

Greece debt crisis: Athens clears one hurdle . . . and faces more --- An overwhelming majority of German conservatives support an extension of the Greek bailout
(DBN)

Greece struggles to get citizens to pay their taxes
(DBN)

9 facts about Greece and the Eurozone crisis
(DBN)

Former Greek finance minister stands trial over tampering with tax-dodger list
(DBN)

ECB Denies It Plotted to Burn Greece Bondholders in 2012
(DBN)

Reading the Greek Deal Correctly
(DBN)

____________

Canada:

Acquisitions in an insolvency context: mandatory assignment of contracts
(DBN)

Low Oil Prices Drowning Alberta's Finances
(DBN)

____________

Germany:

Germany sells 5-yr bonds at negative yield --- Yes, investors now pay to lend Germany money
(DBN)

____________

China:

China’s factories halt their contraction
(DBN)

____________

Russia:

Seven Russian banks downgraded by Moody's
(DBN)

____________

Ukraine:

Ukrainian currency in limbo after central bank bans most trade
(DBN)

Report: Russia had Ukraine incursion planned a year ago
(DBN)

Putin threatens Ukraine with gas cutoff
(DBN)

Ukraine under pressure from currency fall, gas supply threat
(DBN)

Ukraine heaps on economic pressure as central bank confuses, truce takes hold
(DBN)

____________

Brazil:

Brazilian judge investigated over use of cars seized from tycoon
(DBN)

Downgrade of Brazil Oil Giant Stirs Wider Concern
(DBN)

Brazil's coming recession
(DBN)

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