February 9, 2015

The Daily Bankruptcy News

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Law:

Legal Services Sector Stagnant After a Weak 2014 --- In one year, legal sector loses 4,500 jobs
(DBN)

Associate Bonus Watch: O’Melveny & Myers, Winston & Strawn, And More About Morrison & Foerster
(DBN)

More Money, More Problems for General Counsel
(DBN)

Cadwalader’s profit per partner drops by 15 per cent as revenue stalls at $481m
(DBN)

Akin Gump reports 12.8 per cent profit rise to $356m
(DBN)

Profits, Revenue Bounce Back for Jenner & Block
(DBN)

Investors Prepare to Pounce on Possible Uptick in Restructurings
(DBN)

Katy Perry’s Biglaw Firm Sends Out ‘Left Shark’ Cease & Desist Letter
(DBN)

Swag at LegalTech New York 2015
(DBN)

Partner Defections Erode Old Patton Boggs
(DBN)

Does The ABA Care More About ‘Access To Justice’ Than It Cares About Members’ Access To Jobs?
(DBN)

10 Tips For Compiling A Deal Sheet
(DBN)

Stats Of The Week: Our Nation’s Capital (Of Law Student ‘Poaching’)
(DBN)

A land purchase CWRU would like to forget
(DBN)

This is Not the Attention Law Schools Want
(DBN)

Assistant public defender handcuffed in court hallway files complaint against police officers
(DBN)

BigLaw is commissioning major original art to ‘reflect the firm’s vision,’ consultant says
(DBN)

Both sides proclaim victory in jury’s $140K award to ex law firm associate, but say they may appeal
(DBN)

Alexandra Marchuk v. Faruqi & Faruqi: A Post-Trial Interview With Plaintiff’s Counsel
(DBN)

Judge who sanctioned lawyer $1M says she ‘sabotaged’ the case by eliciting banned testimony
(DBN)

Sarah Weddington on being a young, female lawyer in a watershed SCOTUS case that reverberates today
(DBN)

This is the only chart you need to pick out your next smartphone
(DBN)

Google shares its plan to nab 80% of Microsoft's Office business --- Microsoft Outlook is the best email app out right now
(DBN)

People Use These Apps Like Crazy On Smart Phones And Tablets
(DBN)

The only 2 tie knots you need to know
(DBN)

2 things only terrible bosses say
(DBN)

One thing super-successful people never do
(DBN)

Court says Aaron Hernandez defense team must remove new items from his home before jury tour
(DBN)

'Better Call Saul' review: Born to be 'Bad'? --- The Surprising Beauty of Better Call Saul --- 'Better Call Saul' Recap: A Premiere With 'Breaking Bad' in Its DNA
(DBN)

Harper Lee: The Sadness of a Sequel
(DBN)

New book reveals the story of the lawyer who was one of the last US soldiers to leave Vietnam
(DBN)

Lawyer's ‘gagging for it’ blog about r--- goes viral for all the wrong reasons
(DBN)

Losing litigant is charged in attack at law firm
(DBN)

Vermont Janitor Leaves $8 Million Estate
(DBN)

Perp Told Cops His Job Was "Drug Dealer"
(DBN)

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Judges:

Ruth Bader Ginsburg Cites ‘Frozen,’ Likely Thinks Originalists Need To ‘Let It Go’
(DBN)

Weather: BK Court in Boston, Springfield and Worcester Closed 2/9
(DBN)

Weather: ND NY Court Closed 2/9
(DBN)

Debate Escalates Over Cameras in Supreme Court
(DBN)

SCOTUS: Weekly Roundup
(DBN)

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Wall Street:

US stock futures to open lower
(DBN)

Greek jitters, China data knock Europe stocks sharply lower
(DBN)

Stocks close lower Friday, but S&P 500 still up 3% for week
(DBN)

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Layoffs:

Companies Cutting the Most Jobs
(DBN)

Staples and RadioShack deliver big hit to jobs
(DBN)

US unemployment rates jump for recent veterans and teens
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

TransAsia says to cancel more flights following crash
(DBN)

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Celebs:

Casey Anthony's attorney should not get bankruptcy settlement money, trustees say
(DBN)

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Funeral Industry:

Bankrupt former funeral home operator admits spending money for pre-paid services on herself
(DBN)

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Gambling:

Ruling could derail Revel sale --- Judge's stay blocks some terms in sale of Revel on eve of Straub deal expiration --- Legal maneuvers fly as Straub's agreement to buy Revel Casino Hotel expires Monday --- Nightclub owners want to stay put if Revel casino sold --- Buyer Will Extend Closing Date for Revel Casino --- Court hearing could speed way for Revel casino sale
(DBN)

Contested Caesars Swaps Payments Set to Be Decided by ISDA
(DBN)

Revel Unsecured Creditors to Get $1.35 Million in Lender Deal
(DBN)

Official unsecured creditor, second-lien panels named in Caesars Ch. 11
(DBN)

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Religion:

Insurance policies play major role in archdiocese bankruptcy
(DBN)

Nun Abuse Case Goes to Bankruptcy Court; Survivor Speaks Out
(DBN)

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Resorts:

Attorney: Ex-billionaire doesn't have resort sale documents
(DBN)

____________

Bankruptcy Discrimination:

Why Bankruptcy Could Keep You Unemployed Forever
(DBN)

____________

Student Debt:

Student loans are literally depressing people
(DBN)

Balancing Student Loans With Retirement Saving
(DBN)

____________

Currency:

Mt. Gox Parent Company Seeks to Expand Bankruptcy Protection to the US
(DBN)

____________

Fraud:

An investment advisor faces new fraud charges for allegedly using client money to settle earlier fraud charges
(DBN)

Billionaire Rennert Takes Stand in Suit Over Hamptons Estate
(DBN)

____________

Auto Racing:

Marussia Formula One Team Made "Duress Payments" To Recover Seized Assets
(DBN)

____________

Politics:

Economic Plan Is a Quandary for Hillary Clinton's Campaign
(DBN)

Lawmaker: Childbirth from R--- is Beautiful
(DBN)

____________

Electricity:

Illinois power plant at center of Midwest rate fights
(DBN)

____________

Tech:

The email encryption software the world relies on is one guy, who is going broke
(DBN)

____________

Mail:

The US Postal Service lost $754 million last quarter
(DBN)

____________

Shipping:

Genco Shipping among the 10 biggest bankruptcies in the United States during 2014
(DBN)

Claims "Pouring In" at Bankrupt Copenship
(DBN)

____________

Healthcare:

Medical Debt Still a Problem Under Health Law — Despite Protections
(DBN)

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Economy:

Fed's Rate Dilemma: Job Gains vs. Low Inflation
(DBN)

Fed Running Out of Excuses for Zero Interest --- Only raise US rates when whites of inflation's eyes are visible
(DBN)

U.S. companies may not be fleeing due to high tax rate, analysis shows
(DBN)

Jobs report shows best wage growth in six years --- The wage story is both ecstasy and agony --- Even as US job market picks up, unemployed face frustration
(DBN)

Best Private Sector Job Creation "Ever"?
(DBN)

The Great American Dream, Still Deferred
(DBN)

Is the Jobless Rate of 5.7% Just a Big Lie
(DBN)

A Jobs Report Without a Blemish
(DBN)

14 Ways Obama Will Hit Retirement Plans
(DBN)

Obama's second term is on pace to be the best ever for private sector job growth
(DBN)

Disability enrollment declines amid funding debate
(DBN)

Millennials: The most stressed-out generation --- What Stresses Americans the Most?
(DBN)

Stock Buybacks Are Killing the American Economy Profits once flowed to higher wages or increased investment. No longer
(DBN)

'Misery' in America is at an 8-year low
(DBN)

There was a huge jump in the number of people who went from 'not in the labor force' to 'employed'
(DBN)

Is it OK to cheat on your taxes? Most say no
(DBN)

US debt: Congressman McClintock Introduces The Default Prevention Act
(DBN)

Do Bankers Do Any Good for Society?
(DBN)

The Hidden Cost of a Flexible Job
(DBN)

Rushing to Cater to America's Rich
(DBN)

Ending Segregation Key to Ending Poverty?
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

The case for the next US housing boom
(DBN)

Consumer Confidence Lifting Home Sales
(DBN)

Zombie Foreclosures Making a Comeback
(DBN)

Is Buying a House Still the Best Way to Build Wealth?
(DBN)

Ocwen’s servicer ratings just took another hit
(DBN)

___________

Municipalities:

Calpers Gets Schooled - Public pensions can be impaired as part of bankruptcy
(DBN)

Judge Strikes Down Puerto Rico's Debt Restructuring Law --- Law Thrown Out in Win for Bondholders --- Puerto Rico set for tougher debt struggle after court ruling
(DBN)

Puerto Rico – Recovery Delayed?
(DBN)

Puerto Rico Preemption
(DBN)

New executive Warren Evans faces big budget problem in Wayne County
(DBN)

Lawyers: Wayne Co. appeal unlikely to threaten bankruptcy deal
(DBN)

Detroit bankruptcy judge orders private water talks --- More mediation: Detroit, counties to discuss water deal
(DBN)

Crain's Detroit Business presents a luncheon with U.S. Bankruptcy Judge Steven Rhodes and former Detroit Emergency Manager Kevyn Orr, Newsmakers of the Year for 2014
(DBN)

Atlantic City: Christie to the rescue
(DBN)

Confessions of a Stockton Slumlord
(DBN)

The 25 coolest new businesses in Chicago
(DBN)

____________

Personal Finance:

19 gifts guys secretly want for Valentine's Day
(DBN)

Here's what to say when your kid asks, 'How much money do you make?'
(DBN)

3 questions you should NEVER ask in a job interview
(DBN)

18 things you (supposedly) shouldn't ever pay for
(DBN)

____________

Taxis:

Uber's nightmare scenario: How everything could go wrong for the world's hottest new company
(DBN)

____________

Retailing:

Here are the 1,784 RadioShack stores that will close by March 31 --- After RadioShack Dies, There Will Still Be 1,000 Unchanged RadioShacks
(DBN)

RadioShack Is Closing Stores, but Few Signs of Big Discounts
(DBN)

This Is Not The End For RadioShack
(DBN)

RadioShack Rivals Poised to Divvy Up Chain's $3 Billion in Sales
(DBN)

RadioShack Begins Wave of Liquidation Sales
(DBN)

Here's how much RadioShack owes top creditors, former execs
(DBN)

RadioShack lines up $285 million in bankruptcy financing
(DBN)

What Radio Shack taught me: Lessons from a rookie salesman
(DBN)

Behind RadioShack's Collapse Is a Tiny Lender That Found Trouble
(DBN)

Is Radioshack's bankruptcy a bad omen?
(DBN)

RadioShack: You've Got Questions. We've Got Logos.
(DBN)

Is RadioShack's name even worth saving?
(DBN)

Bankrupt RadioShack will take all kinds of bids for all of its stuff
(DBN)

Sprint is the Big Winner in RadioShack Bankruptcy
(DBN)

Target workers claim 'walk of shame' that allegedly led to a suicide is a widespread practice
(DBN)

Where Did All the Retail Jobs Go?
(DBN)

____________

Agriculture:

Everything seems to be going wrong for America's hog farmers
(DBN)

____________

Oil/Gas:

Mon. A.M.: Oil steadies near $58 as US rig count offsets Chinese data --- Oil dips after weak Chinese trade data
(DBN)

Oil prices are having their best two weeks in 17 years
(DBN)

US oil production is still going through the roof --- US oil drillers continue to shut down rigs at a breakneck pace --- As Oil Rig Numbers Fall, Oil Prices are Still Declining
(DBN)

CEOs turn somber as oil price reality sets in
(DBN)

The Experts Know Exactly Where Oil is Going
(DBN)

Shut-Down Gas Driller Is in Bankruptcy to…Reopen?
(DBN)

A Lesson from the History of Oil
(DBN)

Oil price decline not just supply and demand - exacerbated by hedging, energy firms' debt
(DBN)

Oil Prices : 5 Things You Need to Know Now
(DBN)

The 17-week streak of tumbling gas prices has ended --- U.S. Pump Prices Rise for First Time Since June
(DBN)

Low oil prices fuel economic problems --- Oil Price Dip, Global Slowdown Create Crosscurrents For U.S.
(DBN)

Big oil is not the biggest victim of cheap crude
(DBN)

Oil's Mixed Signals --- After a Wild Week, Where Do Oil Prices Go From Here?
(DBN)

Oil worker union strike grows larger
(DBN)

Best party mood for oil traders since 2008 price crash
(DBN)

Why Today's Shale Era Is The Retirement Party For Oil Production
(DBN)

No let-up on oil and gas cost cuts
(DBN)

Pemex to cut capital spending --- Oil price slide dims hopes for Mexican replay of Eagle Ford
(DBN)

Max Petroleum in last-ditch attempt to stay afloat
(DBN)

Prosafe secures new credit facility, net profit lags forecasts
(DBN)

Office space demand slips in Abu Dhabi
(DBN)

Low prices raise alarm in North Dakota oil patch --- Optimism Remains In North Dakota, But For How Long? --- Williston fights to keep boomtown spirit alive after slump in oil prices
(DBN)

Expert: Jobless surge looms
(DBN)

Low Oil Prices Threaten US Fracking Industry
(DBN)

Death knell for the North Sea as Shell pulls out of Brent field
(DBN)

Cuero's Texas swagger fades as oil town finds itself in OPEC squeeze
(DBN)

Statoil slashes costs and investment as low oil prices weigh
(DBN)

Here’s Why Big Oil Companies Are Unable To Increase Reserves To Counter Declining Production
(DBN)

CA: Job figures show oil - price drop hasn't sunk employment
(DBN)

Oil Price Drop Affecting Canadian LNG Projects
(DBN)

America’s energy industry is undergoing a big switch
(DBN)

Drop in oil price squeezes ethanol producers
(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 (59 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Wisconsin bankruptcy filings fall 8% in 2014 amid improving economy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Bankruptcy Reform:

Redemption Option Value": Mandatory Distributions to Out-of-the-Money Stakeholders
(DBN)

____________

UCC:

Second Circuit to Lenders: Get Your UCC Filings Right
(DBN)

___________

Claims Allowance:

Lease Damage Claim: Federal or State Law – Flip A Coin?
(DBN)

____________

Finance:

Stuyvesant Town (Mezz vs Senior Deb) - A Case to Watch
(DBN)

____________

Recent Pleadings:

3rd Circuit Stays Revel Sale To Address Nightclub Owner's Appeal
(DBN)

______________

Bankruptcy Forms:

NJ BK Court Approves New Individual Debtor's Chapter 11 Combined Plan Of Reorganization [Or Liquidation] And Disclosure Statement
(DBN)

____________

TBTF:

Breaking Up Big Banks Is Hard to Do. But Not Impossible
(DBN)

____________

Tax:

The HSBC Banking Scandal
(DBN)

HSBC: Who Was Banking on Swiss Secrecy?
(DBN)

How a 1934 Swiss law enshrined secrecy
(DBN)

HSBC Clients: Dictators and Tax Dodgers
(DBN)

Here's what you need to know about the Swiss bank document leak
(DBN)

Swiss banker arrested in Germany over US tax case: lawyer
(DBN)

____________

Banking:

Unofficial Problem Bank list declines to 387 Institutions
(DBN)

____________

Investigations:

Altegrity Files for Chapter 11 Bankruptcy --- Firm that vetted Snowden files for Chapter 11 bankruptcy
(DBN)

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Privacy:

Banks, Debt Collectors Want Cellphones Opened to Robocalls
(DBN)

____________

Mass Torts:

Prominent plaintiffs attorney backs BP’s bid to remove Claims Administrator Patrick Juneau
(DBN)

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Sovereigns:

A 50% haircut on Ukrainian bonds is easy to say, harder to do
(DBN)

____________

UK:

Rangers kingpin faces probe
(DBN)

Dave King confident of plan to wrest control of Rangers
(DBN)

Tesco tells suppliers to cut prices as commodities slump
(DBN)

____________

EU:

'The euro is like building a castle of cards'
(DBN)

____________

PIIGS:

Greece's banks are crashing again --- European markets are sinking as Greece's showdown heats up
(DBN)

Greek finance minister: The euro will collapse if Greece exits --- All Grexit needs is a few more disastrous weeks like this --- UK planning for possible Grexit, says George Osborne --- Grexit Would Be A Black Swan For The Eurozone --- Greenspan: Greece Will Exit Euro
(DBN)

Greek PM Tsipras pledges to deal with the wounds of austerity --- Tsiprias favors Greek jobless over creditors in defiant policy speech --- Greece 'on verge of going broke' --- Europe leaders to Greece: Stick to your commitments --- Germany v Greece is a fight to the death --- Varoufakis: The memorandum is the cause of Greece's ongoing recession --- The Real Reason Greece Can't Get a Debt Deal From Eurozone --- Tsipras Says Greece Seeks Bridge Accord Until June --- Greek PM sets up another EU clash, refuses bailout extension --- Isolated Greece wants no more bailout money with strings --- An economic game of chicken in Greece --- The ECB is forcing forward Greece's endgame --- Greece to Unveil Economic Policy Ahead of Key European Union Talks --- U.S. urges euro zone leaders to compromise with Athens --- A Greece debt deal is by all means not impossible --- Scenarios on Greece's Current Position --- In A Twist, Greeks Demonstrate In Favor Of Their Government --- Greeks stash cash as debt clashes rack up tension --- Greece: Disaster Capitalism's Disaster --- Greece has spent 90 of the past 192 years in financial crisis
(DBN)

The vast majority of Greeks are backing Prime Minister Alexis Tsipras in his showdown with Europe

Greek markets plunge after defiant PM Tsipras speech
(DBN)

The world should listen to Greece's big idea about debt --- Rare growth-linked debt could work for Greece --- The Pitfalls in the Greek Debt Proposal
(DBN)

Greece: Undeclared assets may be confiscated --- Minister moves in on large-scale tax evaders --- Investors incur losses of more than 4.5 bln --- Greece says has no cash problem --- S&P downgrades Greece one notch --- Greece must take bitter pill like Portugal, economy minister says
(DBN)

____________

Canada:

Cliffs's Quebec Mine Draws Interest From Asia, Minister Says
(DBN)

Parasuco Retail to close its seven stores, files for bankruptcy
(DBN)

$110M Ponzi scheme winners become losers
(DBN)

____________

Russia:

Putin's New Challenge: Propping Up Russia's Ailing Banks --- Russia Faces A Possibly Crippling Bank Crisis
(DBN)

As hard times deepen in Russia , frugality makes a comeback --- Outraged Russians are Instagramming their food-inflation nightmare --- Russians are happier than ever despite the war in Ukraine and the crumbling economy
(DBN)

Fear of Vladimir Putin grows in EU capitals amid spectre of ‘total war’
(DBN)

____________

Ukraine:

Economy deteriorates as conflict rages in Ukraine --- 7 things to know about what's happening in Ukraine
(DBN)

Moscow talks on Ukraine crisis end without agreement
(DBN)

Merkel defends Ukraine arms stance in face of US criticism
(DBN)

____________

China:

Worrying slump in mainland trade
(DBN)

Kaisa pays $26m bond coupon just before grace period expires: notice
(DBN)

____________

Venezuela:

Venezuela's president is fighting an 'economic war' against the private sector
(DBN)

____________

Australia:

Australian wind farms face wipeout from political impasse
(DBN)

____________

MENA:

Libya could go bankrupt , warns West
(DBN)

____________

Cyprus:

Creditors urge Cyprus to put foreclosure laws in gear
(DBN)

____________

Brazil:

Eike Batista is now a 'negative billionaire' --- Police seize Brazil tycoon Batista's cash, cars
(DBN)

____________

Vatican:

`God's Bankers' Provides Look at Vatican Bank's Secrecy
(DBN)

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