February 5, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Is Bankruptcy Too Expensive? - Marc Leder: Fees Don’t Drive Bankruptcy Decisions --- Ralph Tuliano: ABI Commission Recommendations Deserve Consideration
(DBN) --- Jack Butler: Five Suggestions for Improving the Fee System --- Richard Chesley : Bankruptcy Costs Take a Toll on Smaller Companies

Business of Law
(DBN)

Associate Bonus Watch: A West Coast Round-Up
(DBN)

Bad Gamble: After Departures, Lionel Sawyer Enters Bankruptcy
(DBN)

Delaware Bankruptcy Court Provides Further Guidance on the Contours of the Common Interest Doctrine
(DBN)

Lawyer wants judge to order measles shots for 4 children --- Can Your Boss Make You Get Vaccinated?
(DBN)

Law School Exposed To Tuberculosis
(DBN)

New Opportunities For Entrepreneurial Litigators In Biglaw
(DBN)

Politician Rejects Biglaw Offer Due To Newfound Understanding Of How Law Firms Work
(DBN)

Do Lawyers With Modest Backgrounds Have A Chance At The Top Jobs?
(DBN)

Once-prominent Philadelphia lawyer disbarred on 10 disciplinary charges
(DBN)

Lawyer’s new Super Bowl ad: Fire, religion, claimed political corruption and anti-bullying message
(DBN)

Meet the Lawyer Who Found Harper Lee’s New Novel --- Harper Lee and the Capote Conspiracy
(DBN)

How Much Sleep Do You Really Need?
(DBN)

9 science-backed tricks for appearing smarter than you are
(DBN)

The 24 most important apps on my phone
(DBN)

Smells Like DWI: Law-Scented Candles Are A Thing Now
(DBN)

6 Types Of Document Reviews That Every Reviewer Has Seen
(DBN)

Teacher, daughter of former prosecutor, resigns amid accusations she kicked, slapped and berated a first-grader - "He only needed one taco"
(DBN)

Jury Candidate Released After Pulling Hair Out
(DBN)

Lawyers: Saudis Aided 9/11 Hijackers
(DBN)

Sisterly Betrayal Takes Shape in Aaron Hernandez Murder Trial
(DBN)

Meth addicts are fueling a resurgence of one of the oldest Wild West crimes
(DBN)

______________

Judges:

Lawmakers Propose Simple Majority for Confirming Supreme Court Justices
(DBN)

SD CA: Bankruptcy Confidential Newsletter
(DBN)

AL: Top Judge Says Ignore Fed Gay Marriage Ruling
(DBN)

Paul Clement And Bancroft Ride To The Rescue Of A Missing Pro Se Litigant
(DBN)

Are some opinions unpublished to avoid review? Thomas dissent highlights the issue
(DBN)

______________

Wall Street:

US Stock Futures Surge Ahead Of Jobless Claims Data
(DBN)

Stocks Falter After ECB Move
(DBN)

Diverging earnings forecasts signal bumpier road ahead for stocks
(DBN)

______________

Layoffs:

Siemens to Reorganize, Fire Over 7,000
(DBN)

Hundreds Show Up for Amazon Warehouse Jobs
(DBN)

Bank of America to cut hundreds of legacy servicing staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Investors are suing billionaire Ira Rennert for looting his own company to build a $110 million mansion
(DBN)

Former Arrow Trucking CEO, Doug Pielsticker, pleads guilty on two counts of federal charges
(DBN)

____________

Brokers:

US Bank to pay $18M to customers of collapsed Iowa brokerage
(DBN)

____________

Religion:

Same-sex marriage decision forces Christian bakers' bankruptcy
(DBN)

____________

Film:

Kodak Reaches Deals With Studios to Keep Film Business Alive
(DBN)

____________

Pensions:

Feds to take over Durham's Reichhold's $97 million underfunded pension plan
(DBN)

____________

Healthcare:

Here’s how the GOP would repeal and replace Obamacare
(DBN)

Fact Check: "If someone is in a room that has measles and leaves and you walk in two hours later, you could get measles from that person"
(DBN)

____________

Celebs:

Todd Chrisley Bankruptcy Almost Settled
(DBN)

____________

Batteries:

Court Approves Disclosure Statement and Other Milestone Agreements for Exide Technologies
(DBN)

____________


Economy:

ADP: Private Employment increased 213,000 in January
(DBN)

ISM Non-Manufacturing Index increased to 56.7% in January
(DBN)

In Detroit, Jeb Bush Tests Campaign Message on Economy --- Jeb Bush’s middle class speech was a historic shift — and more of the same
(DBN)

Number of billionaires surges to record high
(DBN)

Restaurant workers shouldn’t have to wash their hands, senator argues --- Bathroom-Gate
(DBN)

Wall Street And The Financialization Of The Economy
(DBN)

(DBN)
Wait, What, I'm a Millennial?
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Judge denies dismissal of ResCap mortgage lawsuit
(DBN)

Single Asset Real Estate Owners Have Options
(DBN)

Goldman Veteran Said to Buy Mortgages After Big Short
(DBN)

Judge denies dismissal of ResCap mortgage lawsuit
(DBN)

____________

Municipalities:

Detroit pension cuts, interest paybacks from bankruptcy prompt cries of betrayal
(DBN)

Illinois governor lays out controversial agenda
(DBN)

____________

Oil/Gas:

Thurs. A.M.: Brent rebounds near $55, outlook still fragile --- Oil futures turn higher in volatile trade after heavy losses
(DBN)

Weds P.M.: Crude Is Crashing Again --- Oil drops 7% as inventories climb for 4th week --- Oil renews that sinking feeling as crude plunges nearly 9% --- Oil's Biggest Drop in 2 Months Ends Day-Long Bull Market --- Oil Prices Slump as Inventories Rise Near 80-Year Highs - Nymex Crude Posts Biggest One-Day Drop in Two Months --- Oil keeps pitching lower after four-day rally fizzles out
(DBN)

U.S. Drillers Drove Oil Prices Down. Can They Prop Them Back Up?
(DBN)

Weatherford Oilfield Services Cuts 5,000
(DBN)

14 oil companies that should start looking for merger partners
(DBN)

Citi: Oil, Gas Plunge Not Over Yet
(DBN)

US Oil Production Still Going Up
(DBN)

Oil CEOs today sound like tech CEOs in 2000
(DBN)

Rise Of The Vulture Investing Class
(DBN)

____________

Apparel:

Ralph Lauren's stock heads for biggest ever one-day drop
(DBN)

____________

Politics:

Jeb Bush: 'American Dream has become a mirage'
(DBN)

Chris Christie's schmoozing and private jet rides with casino mogul raise new ethical questions
(DBN)

____________

Autos:

GM Recalls Said to Trim Executive Bonuses While Sparing Union --- Despite Recalls, G.M. Pays Workers Big Bonus
(DBN)

Hundreds of Ford workers get $19,000 raise
(DBN)

Ontario Sells Shares in GM for $1.1bn
(DBN)

____________

Retailing:

Weds. 6:00 P.M. CT: RadioShack Said to Plan Bankruptcy Filing Within Hours
(DBN)

RadioShack Store Closings to Jolt Some Developers
(DBN)

R.I.P. RadioShack
(DBN)

Wet Seal Creditor Committee Wangles Changes in Purchase Price
(DBN)

Get ready to shop: Target Canada liquidation sale set to begin
(DBN)

Caché Follows Wet Seal And Delia's In Filing For Bankruptcy
(DBN)

Cache Plans Liquidation in Latest Retail Clothing Bankruptcy
(DBN)

The End of Guitar Center
(DBN)

The retailers that could be swallowed up next by Amazon
(DBN)

____________

Mass Torts:

FACT Act testimony begins in House subcommittee
(DBN)

GM Counts 104 Death, Injury Suits Related to Car Defects
(DBN)

Few Hints on BP Fine as Oil Spill Trial Wraps Up
(DBN)

____________

Shipping:

Copenship Files for Bankruptcy
(DBN)

____________

Tech:

Arizona Legislature cooks up Apple incentives for new data center previously owned by bankrupt sapphire glass maker
(DBN)

____________

Corporate Reform:

Exec asked general counsel to pull up shirt but didn’t spot FBI body cam, news report says
(DBN)

____________

Insurance:

Give Notice on Your D&O Claim…Yesterday
(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 (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (36 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:

AACER: Bankruptcy Filings Continue Five-Year Downward Trend in January
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Rules:

Comment Period Open For Proposed Amendments To NJ Local Rules
(DBN)

____________

Indentures:

Old is New Again: Courts Rely on Trust Indenture Act of 1939 to Limit Nonconsensual Out-of-Court Restructurings
(DBN)

____________

IP:

Navigating the Maze of IP Licenses in Bankruptcy
(DBN)

____________

Tax:

The Ongoing Saga of Tax Refund Ownership for Bank Holding Companies
(DBN)

Coming Soon: No Travel Or Passport If You Owe IRS
(DBN)

____________

Finance:

You now have to pay Nestle to lend it money
(DBN)

____________

Aviation:

Skymark Wins Integral’s Support After Bankruptcy Filing --- Skymark says it will seek sponsors besides Integral
(DBN)

____________

Gambling:

Caesars Entertainment CEO to leave post July 1
(DBN)

Caesars Creditors Seek Sway Over $20 Billion Reorganization
(DBN)

____________

Sovereigns:

Argentina the rogue
(DBN)

Argentine Prosecutor's Death Seen Curbing Pressure for Debt Deal
(DBN)

Banker to the broke: Lazard grabs work advising Greece, Ukraine
(DBN)

Ukraine hikes key interest rate to fight financial collapse --- Bankruptcy threatens crisis-torn Ukraine
(DBN)

____________

UK:

A new investigation just made Tesco's crisis even worse
(DBN)

____________

EU:

The euro is getting walloped
(DBN)

European shares fall after ECB decision on Greek debt
(DBN)

____________

PIIGS:

Greece is running out of cash --- One Way Greece Can Keep Its Banks Alive
(DBN)

Greece's finance minister has a critical meeting with his German counterpart today
(DBN)

Germany urges Greece to 'stand on its own feet' --- Greece's endgame is finally coming into view --- Have the Greeks come to their senses? --- ECB tightens the screw on Greece with plan to cut funding earlier --- EU's Schulz warns Greece risks national bankruptcy --- ECB to stop accepting Greek debt in warning to Athens --- Greek markets hammered after ECB raises stakes for Athens --- Merkel says Greece is isolated on diplomatic push to ease debt
(DBN)

ie: Numbers to be declared bankrupt set to double, says official
(DBN)

____________

Canada:

Toronto man facing 18 charges following bankruptcy fraud investigation
(DBN)

____________

Germany:

Retention of Title (ROT) Agreements as a Creditor Protection Against Insolvent German Customers
(DBN)

German factory orders jump in December
(DBN)

____________

Argentina:

Argentine president goes off the rails
(DBN)

____________

China:

China cuts bank reserve requirement to spur growth
(DBN)

____________

Russia:

Longtime Sberbank Champion Says Sell as Crisis Escalates
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2014