February 4, 2015

The Daily Bankruptcy News

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Law:

Is Bankruptcy Too Expensive?

Lisa Donahue: Context Counts When It Comes to Fees --- Anders J. Maxwell: Studies Show Costs Are in Check --- Jay Goffman: Bankruptcy Has Actually Become Less Expensive --- Brett Miller: Lehman Brothers Shouldn’t Be Used to Rewrite Fee Laws
(DBN)

Associate Bonus Watch: Bitterness At A Biglaw Behemoth
(DBN)

End of the 'Unfinished Business' Doctrine in New York
(DBN)

Lionel Sawyer law firm files bankruptcy owing $3.37 million
(DBN)

More Money, More Problems for General Counsel
(DBN)

The Lateral Report: 2014's All-Star Hires
(DBN)

Business of Law
(DBN)

The Deal Announces Results Of Q4 2014 Bankruptcy League Tables
(DBN)

Obermayer Rebmann Attorney Joins DE Bankruptcy Court's Mediation Panel
(DBN)

Turnround specialists see a glimmer of hope
(DBN)

The law school transfer market heats up, getting some deans hot under the collar
(DBN)

University Of Missouri-Kansas City Joins Rankings Hall Of Shame; Dean Ordered Staff To Raise Ranking "By All Means Necessary"
(DBN)

Will the Income-Based Repayment Program Enable Law Schools to Continue to Provide 'Harvard-Style' Legal Education?
(DBN)

Sleep-Deprived Lawyer Sues Neighbor
(DBN)

Valentine's Day - Best Expressions Of Affection For Lawyers, Law Students in 2015
(DBN)

$1.37B case is abruptly dropped after lawyers’ Google search spots alleged fakery --- Baker Botts Derails $1.37B Case in Trial Stunner
(DBN)

Akerman Sets a Revenue Record for a Law Firm, the $$ Is Impressive
(DBN)

Skadden still strongest law firm brand, but field closes gap
(DBN)

Former law dean allegedly offered to pay $100 for s-- acts, arrest affidavit says
(DBN)

Replace or find my $500 Montblanc pen, lawyer tells county; he left it at courthouse security kiosk
(DBN)

Time To Remodel Your Solo Practice
(DBN)

Beyond Biglaw: Invest In The Now
(DBN)

Translating Talent Into ‘Success': Another Look At Law School Pedigree
(DBN)

This is the proper order in which to build your suit wardrobe
(DBN)

How to talk to anyone at a networking event
(DBN)

How successful people overcome toxic bosses
(DBN)

What’s Biglaw Like In Israel? A Conversation With Attorneys from Yigal Arnon & Co.
(DBN)

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

The iPhone is outselling Android in the US for the first time in years

Famed trial lawyer Sanford Rubenstein files defamation suit over r--- claim
(DBN)

Eric Holder Speaks About Eric Holder
(DBN)

SFPD Constitutional Education Fund
(DBN)

Does Your Law School Smell? Custom Scents and Law School Branding
(DBN)

Cops: 'Devil' steals woman's wallet
(DBN)

Woman With Kangaroo Asked To Leave McDonald's
(DBN)

Man rips out another man's heart 'to prove he was not gay'
(DBN)

Teen pours acid on boyfriend's p---- after he releases s-- tape
(DBN)

55 years later, author Harper Lee is coming out with a sequel to 'To Kill a Mockingbird' --- The heartbreaking story of how Harper Lee was allegedly robbed of the copyright to her iconic novel
(DBN)

Pilot's selfies led to a deadly plane crash
(DBN)

What the Warren Commission Didn't Know About The Conspiracy
(DBN)

Ethics Case Over Facebook 'Friending' Can Proceed
(DBN)

Double Platinum Rapper Shilling For Local Lawyer Now
(DBN)

Argentine prosecutor mystery deepens --- Apparent arrest warrant for the president of Argentina found: what we know
(DBN)

"Better Call Saul" - Learning About Succeeding From Bottom-Feeding Role Models
(DBN)

Say What?!
(DBN)

______________

Judges:

This Pissed-Off Judge Is Really Sick Of Discovery Disputes
(DBN)

New Jersey Joins Number of States Creating Specialty Business Courts
(DBN)

Judge in hot-car case suddenly resigns; lawyer says profession needs to ‘stop abusing its members’
(DBN)

Lawyers, Law Professors Tilt to the Left; Judges Tilt to the Right
(DBN)

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Wall Street:

U.S. Stock -Index Futures Retreat After S&P 500's Two-Day Rally
(DBN)

Hopes for an end to oil price rout sends stocks higher
(DBN)

______________

Layoffs:

The Big Lie: 5.6% Unemployment
(DBN)

The US Army is shrinking by 23,000 soldiers under the Pentagon's 2016 budget proposal
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Torts:

Part of Garlock estimation record to be revealed
(DBN)

Trial ends over how much BP should pay for Gulf oil spill --- Ruling on BP fine over 2010 US oil spill months away: lawyers
(DBN)

BP urges appeals judges to remove administrator who is in charge of oil spill settlement money
(DBN)

Leon Silverman dies, 93
(DBN)

____________

Celebs:

Financially-Struggling Tori Spelling and Dean McDermott Divorce Rumors
(DBN)

Former RHOC Star Peggy Tanous Facing Foreclosure — Report
(DBN)

Tim Duncan claims he got 'hustled' by his financial advisor
(DBN)

Former En Vogue Member Maxine Jones’ Home Goes into Foreclosure
(DBN)

1% Gone Wild
(DBN)

____________

Investigations:

Altegrity Plans Chapter 11 Bankruptcy Filing - Firm That Vetted Edward Snowden Sets Restructuring Pact to Cut $700 Million in Debt
(DBN)

____________

Gambling:

Caesars Creditor Panel Will Set Tone for $20 Billion Bankruptcy
(DBN)

Taj Mahal casino to get 1st new Icahn funds on Thursday
(DBN)

US union files unfair labour charges against Taj Mahal casino; Revel sale remains in turmoil
(DBN)

Revel threatens liquidation if sale is held up --- New Jersey's Revel Casino asks court to let sale go through
(DBN)

Caesars Seeks to Avoid Deciding Start Date of Bankruptcy
(DBN)

____________

Food/Beverage:

Tex-Mex chain seeks to survive after sudden bankruptcy
(DBN)

Chipotle sales disappoint, stock falls 6%
(DBN)

American Seafoods struggles with high debt, low fish prices --- American Seafoods headed for default, S&P says
(DBN)

Flying Star says former COO ripped off company
(DBN)

____________

Information Services:

Altegrity Reaches Agreement with Secured Creditors on Terms of Restructuring Support Agreement
(DBN)

____________


Economy:

The Legacy of Debt: Interest Costs Poised to Surpass Defense and Nondefense Discretionary Spending
(DBN)

Fed’s Kocherlakota Concerned About Low Bond Yields
(DBN)

Fed’s Bullard Shrugs Off Inflation Expectations Drop, Favors Rate Rises
(DBN)

Lew: Global Economy Can’t Depend Just on the U.S. for Growth
(DBN)

Inflation, the Unemployment Rate and Demographics
(DBN)

Private Equity Execs See Rate Hikes on Horizon
(DBN)

U.S. Auto Sales Hold Strong
(DBN)

TARP Watchdog Isn't Ready to Pack It Up - Special Inspector General Asks for Bigger Budget Evan as Rescue Program Largely Ends
(DBN)

U.S. Light Vehicle Sales decrease to 16.6 million annual rate in January
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Real Estate Sales: Fixtures Can Be In the Eye of the Beholder (a/k/a Boilerplate Matters)
(DBN)

Mortgage applications continue to climb with 1.3% increase
(DBN)

Lawler: Historical New Housing Put in Place
(DBN)

BofA fails to overturn $1.27 bln Countrywide fraud verdict
(DBN)

This state enjoyed the best home-price growth in 2014
(DBN)

Berkowitz Optimistic in Fannie-Freddie Profit Dispute
(DBN)

___________

Municipalities:

Atlantic City's borrowing cost seen tripling under new loan plan
(DBN)

Atlantic City borrows $12M at 5 percent to repay debt
(DBN)

Wallace Bajjali employee files lawsuit against firm
(DBN)

Two Chicago suburbs lose their credit ratings
(DBN)

____________

Corporate Reform:

S&P reaches $1.5 bln deal with US, states over crisis-era ratings --- How Much of Its Record Settlement Will S&P Write Off at Tax Time?
(DBN)

____________

Retailing:

Who Fails Next After RadioShack?
(DBN)

RadioShack in talks with several bidders for asset sales
(DBN)

RadioShack's pain could be Amazon's gain --- 5 reasons Amazon should buy RadioShack's stores --- Amazon's Keen Desire For RadioShack's Physical Assets --- What Amazon Could Do With RadioShack Stores
(DBN)

RadioShack employees wonder: What's next?
(DBN)

Why RadioShack's demise is a good thing
(DBN)

What Will Happen to the Thousands of RadioShack Stores?
(DBN)

Fight brews over Target Canada's pharmacists
(DBN)

Target Canada’s liquidation sales worry landlords
(DBN)

Judge gives SupplementWarehouse more time on loan after setbacks
(DBN)

CACHE, Inc. Files for Chapter 11 Continues to Seek Strategic Partner
(DBN)

____________

Oil/Gas:

Weds. A.M.: Oil Falls Before Data --- Oil falls after four-day rally on demand concerns, high stock levels --- Oil's Surge to Bull Market Viewed as Temporary Bounce --- Crude oil futures fall 2% after rallying 19% in four days --- Oil retreating from highs as inventory data show huge build
(DBN)

Tues. P.M.: Don't Look Now, but Oil Prices Are Rising --- Oil futures rally to settle at highest level for 2015 --- Oil jumps as dollar dives, crude up 19 pct in 4 days --- Oil surges again on signs companies slow production --- Oil surge continues on signs worldwide production is dropping
(DBN)

As Oil Prices Climb, Some Harbor Doubts
(DBN)

After Record Decline, Drop In Fuel Prices May Be Running Out of Gas
(DBN)

Oil Price Decline: Positioning for Turnaround or Sale
(DBN)

As Oil Prices Go Down, Will Lawyers' Workload Go Up?
(DBN)

Royalty Partners files for Chapter 11 bankruptcy
(DBN)

Chaparral Energy Announces 121 Layoffs In OKC Headquarters
(DBN)

How Plunging Crude Oil Prices Are Forcing Companies To Lay Off Workers
(DBN)

More downside ahead for oil: Adami
(DBN)

Sustained low oil prices provides canvas for industry to reinvent itself
(DBN)

BP cuts spending as profit falls on slumping oil prices --- BP slashes capital spending by 20% --- $100 oil isn't coming back for a 'long time': BP CEO
(DBN)

Paul Singer blames Saudi Arabia for oil's rapid free-fall
(DBN)

Saudis higher oil prices Russia Syria support
(DBN)

Petrobras Cuts Are Blow to Brazilian Oil Boom Town
(DBN)

____________

Coal:

Arch Coal reports 2014 loss of $558M, suspends dividend
(DBN)

____________

Politics:

Vaccine debate tests first-time White House hopefuls --- Should Vaccination Be a Choice? In Many States, It Already Is
(DBN)

Fact Check - Megyn Kelly: Science is "very certain" that the measles vaccine doesn't cause autism.
(DBN)

Why we should ban non-vaccinated kids from schools
(DBN)

____________

Personal Finance:

Six Spending Tips Every Parent Should Give College Students
(DBN)

____________

Fraud:

TelexFree Trustee Files Status Report; Alleges $1.8 Billion Pyramid Scheme
(DBN)

JP Morgan to Pay Another $500M for Fraud
(DBN)

Ira Rennert appears in court for allegedly taking $100 million
(DBN)

Venezuelan Hedge-Fund Manager Gets 13 Years For $723 Million Ponzi Scheme
(DBN)

____________

Insurance:

Update on Delaware Law Impacting D&O Liability
(DBN)

____________

Religion:

What mediation means for the archdiocese, insurers and victims
(DBN)

____________

Payroll Management:

Watch out: Ponzi scheme on steroids
(DBN)

____________

Financial Literacy:

Why Financial Education Must Start at Home—but Often Doesn’t
(DBN)

____________

Brokers:

Most brokers and advisers don't guarantee your money back after a hack attack
(DBN)

____________

Aviation:

Skymark Airlines to Prepare Business Recovery Plan by End of May
(DBN)

TransAsia flight GE 235 has crashed in Taiwan --- A dashcam caught this amazing footage of the crash
(DBN)

____________

Shipping:

Danish OW Bunker Trustees: Another Month Before First Real Picture of Creditor Claims
(DBN)

____________

Tax:

The income tax started as a conservative political stunt
(DBN)

____________


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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (49 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:

Top 10 Bankruptcies of 2014
(DBN)

Notable Exits From Bankruptcy in 2014
(DBN)

Highlights of 2014
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Notable Business Bankruptcy Decisions of 2014
(DBN)

____________

Bankruptcy Reform:

Chapter 11 Reform: ABI Commission Co-Chairs Address Secured Lenders’ Concerns
(DBN)

____________

Professional Compensation:

Baker Botts takes its quest to the top
(DBN)

____________

Bankruptcy Litigation:

Deepening Insolvency Not a Claim
(DBN)

____________

Avoidance Actions:

Creditor Entitled to Full Value of Services in 'New Value' Defense to Preference Action
(DBN)

Trustee's Theory of Unreasonably Small Capital Fails in Constructively Fraudulent Avoidance Action
(DBN)

____________

IP:

Court Rules That Trademark Licensees Are Protected by Section 365(n) and That Licensees' Rights Cannot Be Extinguished by Sale Free and Clear Absent Consent
(DBN)

____________

Plan Confirmation:

'Deemed Acceptance' Deemed Acceptable for Cramdown, But Not for Section 1129(a)(10) 'Actual Acceptance'
(DBN)

Second Circuit Rules That Equitable Mootness Applies in Chapter 11 Liquidations as Well as Reorganizations
(DBN)

____________

Dismissal:

Structured Dismissal Approved When in the Interests of the Creditors
(DBN)

____________

Insiders:

'Officer' Indemnification Case Under Delaware Law May Provide Bankruptcy Code 'Insider' Insights
(DBN)

____________

Sales:

Credit Bid Rights Bolstered in Tennessee Bankruptcy Court Decision
(DBN)

___________

UCC:

Santa Left New York a Revised UCC – With Lumps of Coal and Switches!
(DBN)

Second Circuit Holds Secured Creditor to Errant Termination Statement Filing
(DBN)

____________

Finance:

Make-Whole Premium Denied, and Cramdown of Below- Market Interest Rate Notes Allowed
(DBN)

____________

Administrative Claims:

Drop-Shipped Goods are Not 'Received' by the Debtor and Thus Not Entitled to Administrative Priority
(DBN)

____________

Indentures:

Minority Holders Gain Leverage Through Recent Interpretation of Trust Indenture Act
(DBN)

____________

Automatic Stay:

Does a Bank Violate the Automatic Stay by Freezing an Individual Bankrupt's Account?
(DBN)

____________

Intercreditor:

More from MPM Silicones - Junior Lienholders' Actions Were Consistent with Their Rights under an Intercreditor Agreement
(DBN)

____________

Subordination:

IRS Obtains Equitable Subordination of PIK Notes
(DBN)

Construction Lender's Failure to Notify Builder of Financial Insufficiencies Does Not Warrant Equitable Subordination
(DBN)

____________

Bankruptcy Rules:

The New Delaware Bankruptcy Local Rules Are Here!
(DBN)

____________

Recent Pleadings:

Brown Rudnick, Emerald Capital and Saul Ewing Appeal Order Denying Fee Enhancement --- The Original Decision
(DBN)

Law Profs File SCOTUS Amicus Supporting Ban On Fees For Fee App Defense
(DBN)

_____________

TBTF:

Fed’s Bullard Calls For Breaking Up Nation’s Biggest Banks
(DBN)

____________

Sovereigns:

Ukraine says to hold talks with creditors after IMF discussions
(DBN)

Legal Options for Ukraine's Russian Debt Problem
(DBN)

____________

UK:

Personal insolvencies at nine year low despite IVA increase
(DBN)

____________

EU:

S&P lowers ratings on several big European banks --- Rules Forcing Losses on Bondholders
(DBN)

The EU's Nightmare In The 'Hotel California'
(DBN)

Disarming the Italian Torpedo: EU Judgments Regulation gets a Face-lift
(DBN)

____________

PIIGS:

Investor Hopes Grow On Greece --- Greece is facing three massive tests today
(DBN)

Why Europe should back Greece's debt swap plan
(DBN)

For Greece, GDP-linked Debt May Be More Curiosity Than Cure --- Greek debt offer sounds appetizing but details could be bitter
(DBN)

For Greece and euro, much hangs on a word
(DBN)

Italy gives Tsipras warm welcome, but no guarantees
(DBN)

____________

Canada:

Will a Court order a Declaration that a Judgment will Survive Bankruptcy?
(DBN)

Cliffs Canada unit rail contract will be renegotiated - CEO
(DBN)

____________

Russia:

Russia wants to make an ally within its biggest enemy
(DBN)

____________

Venezuela:

Venezuela's 'socialist paradise' turns into a nightmare: medical shortages claim lives as oil price collapses
(DBN)

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