January 20, 2015

The Daily Bankruptcy News

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Law:

Fired Simpson Thacher managing clerk is indicted, accused of surfing firm computers for merger info
(DBN)

Lawyerly Lairs: Dewey Wonder How The Owner Of This $4 Million Mansion Went Bankrupt?
(DBN)

Stat Of The Week: Throwback Elitism Edition
(DBN)

How This Family Got Creative To Eliminate $200,000 In Law School Debt
(DBN)

Fewer and Fewer Students Are Applying to Law School
(DBN)

2015: The Year the Law School Crisis Ended (or Not) - Part II
(DBN)

Top Litigation Firms By Law School Pedigree
(DBN)

Happy 800th, Magna Carta
(DBN)

Here's Why Edward Snowden Refuses To Use An iPhone
(DBN)

From The Career Files: How To Think About Your Legal Skills To Position Them For A Non-Legal Job
(DBN)

Can You Blog And Tweet Your Way Out Of Biglaw?
(DBN)

Lawyers Have a Part to Play in Fixing Legal Education
(DBN)

7 Practice Trends To Watch For In 2015 --- (Part II)
(DBN)

11 Things Successful People Do On Sunday Nights
(DBN)

This Is Why You Stay Awake All Night When You Know You Need To Sleep
(DBN)

FBI Agent: CIA Stopped Me from Trying to Stop 9/11
(DBN)

Alan Dershowitz’s Recurring Nightmare: Accusations Of Involvement In S-- Scandal May Be Older Than You Thought
(DBN)

Alexandra Marchuk v. Faruqi & Faruqi: A ‘Shocking’ Revelation
(DBN)

Top law firm employee's video diatribe against 'apologetic' Muslims in wake of Charlie Hebdo attack --- Video rant of trainee lawyer at top firm blaming non-Muslims for Paris terror attacks
(DBN)

5-year-old boy fined for missing birthday party
(DBN)

University Of Virginia Legal Costs Mount After Discredited Rape Story
(DBN)

How Two California Parents (Lawyers) Ended Up in Jail Over After-School Spat
(DBN)

Judge Thinks X-Wing Lawsuit Is Dumb
(DBN)

New Police Radars Can Actually See Inside Homes
(DBN)

Feds expand case against defense lawyer charged with perjury, indict another attorney
(DBN)

'Free Range' Parenting Is On The Rise In America
(DBN)

More fallout from Eric Holder’s changes to civil asset forfeiture law
(DBN)

______________

Judges:

The Supreme Court Has Been Preparing The Country For Marriage Equality --- Supreme Court agrees to hear same-sex marriage cases --- How the High Court Gay Marriage Battle Could Play Out
(DBN)

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Wall Street:

Futures rise, Shanghai rebounds after plunge
(DBN)

Goldman Sachs' revenue drops to $7.69 billion in 4Q
(DBN)

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Layoffs:

Frontier Airlines to Shed 1,300 Jobs in Denver and Milwaukee
(DBN)

Ocwen s Altisource Spinoff Fires 800 as CEO Pleas for Calm
(DBN)

Dreamworks Animation Begins Massive Layoffs
(DBN)

The 10 Strangest Things People Have Done In Job Interviews
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Torts:

Garlock Sealing Plans Deal with Asbestos Claimants
(DBN)

BP 'gulf spill' civil trial enters final phase
(DBN)

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Religion:

Archdiocese of St. Paul and Minneapolis files for bankruptcy protection --- Churchgoers Brace After Archdiocese's Chapter 11 Filing --- The archdiocese has filed for bankruptcy . Now what? --- Q&A: The Twin Cities archdiocese declares bankruptcy --- St. Paul Archdiocese declares bankruptcy, calling it 'fairest' recourse
(DBN)

For survivors, archdiocese bankruptcy brings uncertainty --- Attorneys for Alleged Victims Disagree on Archdiocese Bankruptcy Filing
(DBN)

Twin Cities Catholics brace for archdiocese bankruptcy fallout
(DBN)

St. Paul Archbishop: Bankruptcy will help clergy sex abuse victims --- Nienstedt: Bankruptcy best path for clergy sex abuse claims
(DBN)

Archdiocese parishes concerned about bankruptcy --- Some parishes hire lawyers after archdiocese bankruptcy --- How will Archdiocese bankruptcy impact parishes?
(DBN)

Bishop Quinn weighs in on bankruptcy rumors; assures parishioner --- Winona Diocese not planning for bankruptcy
(DBN)

Pope: Catholics Don't Need To Breed 'Like Rabbits'
(DBN)

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Retailing:

Bankruptcy Code Forces Rush of Empty Stores
(DBN)

US teen fashion retailer Wet Seal files for bankruptcy after sales slump --- Wet Seal the latest teen clothing chain to file for bankruptcy --- Stock dives
(DBN)

Fast Fashion Retailers Are Taking Over The Teen Market
(DBN)

Facing Bankruptcy, RadioShack Corporation Future Depends On Branding
(DBN)

RadioShack's big Super Bowl ad bet goes bust
(DBN)

Is Sprint Eyeing RadioShacks Stores for a Turnaround?
(DBN)

Deb begins liquidating stores
(DBN)

Why Sprint Wants to Buy Some RadioShack Stores in User Race
(DBN)

Thin crowds during CEO's visit helped seal Target Canada's demise
(DBN)

3 Retail Stocks I Would Never Buy
(DBN)

____________

Architecture:

Architecture for Humanity Files for Bankruptcy
(DBN)

____________

Gambling:

Caesars bankruptcy gets more complicated --- Caesars bankruptcy reorganization faces setback
(DBN)

Federal Judge Criticizes Caesars Over Financial Restructuring - Ruling Isnýt Expected to Affect Restructuring Efforts, Company Spokesman Says
(DBN)

Caesar's bankruptcy case venue up in the air
(DBN)

Caesars Will File Chapter 11 Refinancing Plan Within 45 Days
(DBN)

Caesars Is in Bankruptcy, But It's Still Business as Usual for the Gaming Giant
(DBN)

Caesars bankruptcy ratchets up pressure on other AC casinos
(DBN)

Nevada Casino Expert: Caesars Bankruptcy Could Be Good News for A.C.
(DBN)

Caesars Move Highlights Risks to Multiemployer Pensions
(DBN)

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Imaging:

Kodak's feeble comeback attempt
(DBN)

____________

Consumer Finance:

Rise in Loans Linked to Cars Is Hurting Poor
(DBN)

Big Data Underwriting for Payday Loans
(DBN)

____________

Fraud:

Investors huddle in aftermath of Novato firm's collapse
(DBN)

Jeb Bush kept key roles in Florida firm amid signs of trouble
(DBN)

____________

Currency Brokers:

FXCM to Get $300 Million Rescue Package From Jefferies
(DBN)

____________

Politics:

Mitt Romney Flips on the Poor
(DBN)

____________

Aviation:

Get Ready for Airline Coach Downgrades
(DBN)

Record fine of up to $1.6M imposed on Southwest over planes sitting for hours on tarmac
(DBN)

Customer Rebellion Against JetBlue
(DBN)

____________

Bankruptcy Crimes:

Woman Sentenced in Federal Court for Committing Bankruptcy Fraud
(DBN)

____________

Personal Finance:

How to survive a bust
(DBN)

Working 3 Jobs in a Time of Recovery
(DBN)

Man cashes in lifetime of pennies
(DBN)

____________


Economy:

The IMF Cut Its Global Economic Growth Forecast Again
(DBN)

Obama to Propose Capital Gains Tax Hikes to Benefit Middle Class --- Obama's $325bn in Middle Class Tax Cuts --- Obama's tax proposals get cool reception from GOP lawmakers --- Obama’s new tax plan would go straight after Mitt Romney’s money --- President Obama finally has his Piketty moment
(DBN)

Obama's Final Years: The Middle Class Decline
(DBN)

Americans Shake Off Economic Pessimism
(DBN)

Storm Clouds Over the US Economy
(DBN)

2008: Jobs Gone Not Coming Back
(DBN)

80 rich people now have as much as 50% of the rest of humanity combined
(DBN)

Antonio Weiss Nomination Post-Mortem
(DBN)

Facebook Says It Adds More Than $200 Billion To The Global Economy
(DBN)

The 15 College Majors With The Lowest Starting Salaries
(DBN)

The 25 Best Jobs Of 2015
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Barclays: Oil plunge could put some SFR deals at risk
(DBN)

Here’s how much the FHA premium cut will actually save borrowers
(DBN)

The LSTA Files Amicus Brief with U.S. Supreme Court Over Holders of Mortgages in Bankruptcy
(DBN)

The Uneven Housing Recovery
(DBN)

Long way home: Foreclosures drop, but 'zombie' properties remain
(DBN)

Bankers: Optimistic about economy, housing in 2015
(DBN)

“Surprise” Warnings on Margins/Effective Prices Whacks Home Builder Stocks
(DBN)

IMF Paper Shows How A Housing Crisis Lingers
(DBN)

More banks targeted for mortgage securities fraud: NY attorney general
(DBN)

Growing threat hangs over legacy mortgage bonds
(DBN)

___________

Municipalities:

Detroit bankruptcy shows mediation can get the job done
(DBN)

Jones Day cuts $17.7 million from Detroit legal bills --- Jones Day defends Detroit bankruptcy fees
(DBN)

For San Bernardino to exit bankruptcy , state must get involved
(DBN)

Michigan Budget Facing Shortfall as Businesses Use Tax Credits
(DBN)

Las Vegas: On Pace for Record Visitor Traffic in 2014, Convention Attendance Slowly Returning
(DBN)

States with the most people on food stamps
(DBN)

Most Financially Irresponsible Cities
(DBN)

____________

Oil/Gas:

Tues. A.M.: Iran Says It's Strong Enough To Cope With Oil At $25 As Prices Start Plunging Again
(DBN)

Mon, A.M.: Oil prices slip on Chinese data, record Iraq output --- Oil futures rally as investors buy in after price slump
(DBN)

How Low Can Oil Go? And When's It Going Back Up? --- Is the oil bust here?
(DBN)

What's So Bad About Cheap Oil?
(DBN)

Oil Forecasters Adjust to New Market Reality
(DBN)

Hedge Funds Cut Oil Bets After Worst Drop Since 2008
(DBN)

Drilling activity takes another slide in Eagle Ford, Permian Basin
(DBN)

GasFrac files for bankruptcy protection in San Antonio --- Canadian drilling services firm files bankruptcy
(DBN)

Precision Castparts feels heat from energy downturn
(DBN)

US Rig Count Drops 4% in One Week
(DBN)

US Won't Intervene in Oil Market Amid Price Declines
(DBN)

No Oil Price Recovery Yet Despite US Shale Slowdown-IEA
(DBN)

Surprise! An Oil Price Spike is Coming
(DBN)

Oil producers caught in a perfect storm
(DBN)

Saudi Arabia's oil exports rises to seven-month high
(DBN)

Former Saudi oil boss says it can cope with low price --- Saudi Arabia can last eight years on low oil prices, says former adviser
(DBN)

Low Oil Prices Force OPEC Members To Rethink 2015 Budgets
(DBN)

Iran Sees OPEC Sticking by Oil -Output Decision Amid Price Slump
(DBN)

Get Ready For Life Without Oil
(DBN)

Among states, 28 now average sub-$2 a gallon gasoline
(DBN)

A Light at the End of the Tunnel for Crude Oil Prices
(DBN)

Low gas prices come at a high price for Texas economy --- In Texas, Hunkering Down for the Oil Bust
(DBN)

State faces $217M hit as oil declines
(DBN)

Alberta's oil woes: typical downturn or end of an era?
(DBN)

Declining oil prices forcing industry to cut jobs in Tulsa
(DBN)

Not your usual oil-price decline effect
(DBN)

Winners and losers in oil's plunge
(DBN)

Oil price drop is 'giant tax cut for UK economy'
(DBN)

____________

Soccer:

Andrea Pirlo Trying to Help Former Club Brescia Avoid Bankruptcy
(DBN)

____________

Internet:

How The Internet Will Wallop Radio Shack, Comcast And A Few Other Giants in 2015
(DBN)

Angie's List: Bankruptcy or Buyout
(DBN)

____________

Marine:

Cal Dive International won't make interest payment on debt
(DBN)

____________

Banking:

1st Bank Failure of 2015: First National Bank of Crestview, Crestview, Florida
(DBN)

Unofficial Problem Bank list declines to 392 Institutions
(DBN)

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock
(DBN)

Chicago: Owners of failed bank must come up with another $50 million
(DBN)

Why People Pay Banks to Hold Their Money
(DBN)

____________

Taxis:

Boston Taxi Owner Suit Latest Legal Salvo in Ride-Share Wars
(DBN)

How Uber and Lyft have exploited long waits, slow travel and poor service to crack open transportation
(DBN)

____________

Corporate Reform:

Will big banks sue the government for too much oversight?
(DBN)

____________

Chemicals:

Year after West Virginia chemical spill, new firm racks up safety violations
(DBN)

____________

Healthcare:

Bankrupt Baltimore eye care stores close shop
(DBN)

Southcoast Health lays off 35 in move to 'restructure'
(DBN)

Ingalls hospital in Harvey cuts 80 jobs
(DBN)

Penn Highlands Clearfield in central Pennsylvania cutting 30 jobs, eliminating ICU citing cost
(DBN)

Community Calls on Gov. Cuomo to Remove Execs at Interfaith Medical Center
(DBN)

There's a bidding war for St. Catherine Regional Hospital in Charlestown
(DBN)

Johnson Memorial Medical Center announces approval of asset purchase agreement with Saint Francis Care
(DBN)

ER at Quincy Medical Center will stay open until deemed unnecessary
(DBN)

____________

Weather:

Year 4: It Never Rains in California
(DBN)

____________

Paper:

Two new potential buyers emerge for closed paper mill in Bucksport
(DBN)

____________

Celebs:

Teresa Giudice sheds her extensions and puts on khakis for life behind bars
(DBN)

____________


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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:

Arizona bankruptcies decline for third straight year
(DBN)

6 Signs That It Might Be Time To Short A Company
(DBN)

Bankruptcies plummet in SE NM oil patch
(DBN)

WD NY: Bankruptcies on the wane
(DBN)

Oregon bankruptcies decline as the economy improves, but recovery may not be only reason
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Jurisdiction:

Justices searching for a clear rule to define bankruptcy jurisdiction
(DBN)

____________

Bankruptcy Reform:

A Bankruptcy Process That Works for Small and Midsize Companies
(DBN)

____________

Cross-Border:

Second Circuit Denies Petition for En Banc Review of Fairfield Decision
(DBN)

____________

Proofs of Claim:

Proof of Claim: Foreign Qualification Requirements May Be More Important Than You Thought
(DBN)

____________

Mootness:

A Refresher on Constitutional Mootness and Its Application to Lift-Stay Motion Appeals
(DBN)

____________

TBTF:

MetLife Fights Threat of Government Scrutiny
(DBN)

____________

Insurance:

N.Y. Intermediate App. Ct. Allows D&O Insurers to Assert Public Policy Defense in Long-Running Bear Stearns Coverage Action
(DBN)

____________

Pharma:

Siga Must Pay Total of $194 Million in Smallpox-Drug Case
(DBN)

____________

Sovereigns:

Traders counting on 2015 bond payments
(DBN)

Shortages hit Argentina as bond talks freeze
(DBN)

German court to rule on Argentina bond repayment terms
(DBN)

____________

UK:

R3 spots signs of recovery for construction
(DBN)

40% of Brits Too Poor to be Part of Society
(DBN)

Boss of collapsed UK hedge fund Weavering convicted in fraud case
(DBN)

Alpari administrator says Alpari UK holds $98.5m in retail client money --- Broker Alpari looks at rescue sale in wake of Swiss franc fallout --- Broker Alpari says exploring all options including sale after Swiss shock
(DBN)

Restructuring using a Pre-Pack? Best not to ask!
(DBN)

UK logistics sector hit by collapse of couriers and hauliers
(DBN)

HMV proves that down does not mean out
(DBN)

Half of young Scots don't know whether high or low interest rate is better on a loan
(DBN)

More firms are 'feeling the pinch'
(DBN)

____________

EU:

Critical ECB Meeting Looms As Euro Lies Low
(DBN)

European shares hit 7-year high as Italian banks rally
(DBN)

This Big Increase In Credit Demand By European Companies Could Signal Recovery
(DBN)

____________

PIIGS:

A new idea steals across Europe – should Greece’s debt be forgiven?
(DBN)

"Grexit" risk may be underestimated, Greek officials say --- IMF's Lagarde warns of consequences to Greek debt restructuring
(DBN)

Italy's Economic Salvation -- Rename Its Debt
(DBN)

Why leaving the euro would still be bad for both Greece and the currency area
(DBN)

Sean Dunne and his wife face new US court action
(DBN)

Sean Quinn's second coming
(DBN)

Former Anglo Irish Bank boss David Drumm appealing bankruptcy ruling in US
(DBN)

____________

Canada:

Home sales fell almost 6% in December, latest CREA index shows
(DBN)

TSX declines as oil prices , energy shares weaken
(DBN)

Settlement offer tabled in long-running Castor Holdings real estate case
(DBN)

Target Canada’s 17,000 laid off workers face grim job prospects, labour experts say --- Target Canada workers being offered Sears jobs
(DBN)

Filling Canadian Target locations won't be simple
(DBN)

____________

China:

China's 2014 economic growth misses target, hits 24-year low --- China industrial output rises 7.9%, beats forecast
(DBN)

China stocks plummet after margin trade crackdown --- China Brokers Face Double-Whammy as Margin Finance Curbed --- Chinese Stocks Just Got Obliterated
(DBN)

China's Massive Corruption Crackdown Is Even Going After State-Owned Firms
(DBN)

China's shipyards brace for leaner times as oil slump sours rig building spree
(DBN)

China Cities Signal Property Crash By Halting Apartment Sales --- Chinese developers keep chin up even as prices cool --- China developers seek alternative finance as offshore market dries up --- Chinese Developer on Brink of Dollar Default Spooks World’s Money Managers --- Why a tiny Chinese property company is spooking money managers around the world
(DBN)

China to Promote Reform as Economy Faces Difficulties, Li Says
(DBN)

Oil Prices Won't Solve China's Economic Issues
(DBN)

Why China's Slowdown Could Be A Great Thing For The World
(DBN)

____________

Russia:

How We Know Russia's Economic Crisis Has Officially Arrived
(DBN)

____________

Cyprus:

Cyprus Airways now defunct, but where have its planes gone?
(DBN)

____________

MENA:

Man who filmed woman being publicly beheaded in Mecca reportedly arrested --- Saudis worried about image
(DBN)

Russia Signs Military Cooperation Deal with Iran
(DBN)

____________

Switzerland:

Former Swiss banker guilty of passing client secrets to WikiLeaks
(DBN)

Maybe the Swiss central bank isn't really crazy --- The Swiss National Bank Is Different From Most Central Banks In One Critical Way --- Good Luck Finding Anyone On Earth Who's Not Angry At The Swiss National Bank --- The Real Reasoning Behind The Swiss Franc Market Chaos
(DBN)

Swiss franc borrowers in Balkans struggle to survive
(DBN)

Speculators hit by Swiss franc move
(DBN)

Swiss Francs and Bankruptcy: Foreign-exchange brokers are going bankrupt as the value of Swiss Franc soars
(DBN)

Alpari Applies for Insolvency as Potential Buyers Circle - Online Currency Trader 'Looking at' Retail Broker
(DBN)

____________

Brazil:

OAS Bondholders Brace for Collapse as Cash Crunch Deepens
(DBN)

____________

Kosovo:

Kosovo moves to take control of mining giant anger Serbia --- Kosovo backtracks on bid to take control of giant mine
(DBN)

____________

Hungary:

KDNP submits family bankruptcy draft bill
(DBN)

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