January 21, 2015

The Daily Bankruptcy News

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Law:

The Am Law 100, the Early Numbers: Weil Sees 'Strong Rebound
(DBN)

Fox Rothschild Adds Bankruptcy Partner In Los Angeles
(DBN)

Chicago: Recovery means bigger bonuses at law firms
(DBN)

Odin, Feldman & Pittleman, P.C. Expands Bankruptcy & Creditor’s Rights Practice
(DBN)

After Two Years at Cadwalader, Woolery Leaves for Hedge Fund Role
(DBN)

How To Put A Story Together From Big Data
(DBN)

Fried Frank will ‘substantially downsize’ its offices in Asia, internal memo says
(DBN)

Beyond Biglaw: What Can Lawyers Learn About Client Service… From Exterminators?
(DBN)

Bad Blood or Bad Lawyering? - Prominent Death Row defense attorney, law professor suspended, allegedly over late filing --- Capital defense lawyer suspended 1 year for late filing in death row appeal
(DBN)

Everybody's talking 'bout the new kid in town
(DBN)

You’re probably using one of these 25 terrible passwords
(DBN)

The 9 Worst Mistakes People Make In Email Subject Lines
(DBN)

Gym Time Won’t Cancel Out Too Much Sitting
(DBN)

4 Winter Accessories Every Man Should Own
(DBN)

10 Of The Best iPhone 6 Accessories You Can Buy
(DBN)

Huddleston Bolen to merge with national law firm
(DBN)

‘N—— Go Home’: Vandals target black woman’s new home in wealthy Maryland town
(DBN)

Paris Wants To Sue Fox News
(DBN)

Indian tribe, lawyer ordered to pay more than $1 million in sanctions for frivolous claim
(DBN)

'Put 'em in a coffin' prank damages BMW
(DBN)

Child Invoiced For Missing Birthday Party, Threatened With Lawsuit
(DBN)

Man is ticketed for eating double quarter-pounder with cheese while driving
(DBN)

World's most expensive s--? Tourist hit with $249k bill after outdoor tryst
(DBN)

Arkansas Prisons Now Forced To Allow Hipster Beards
(DBN)

The NYPD Could Be Wasting $410 Million A Year
(DBN)

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Judges:

Bankruptcy Judgeship Vacancy, District Of New Jersey
(DBN)

Vacancy: Bankruptcy Judge, District of Utah
(DBN)

NV BK: 1/2015 Bankruptcy Bugle Newsletter
(DBN)

"Supreme Court 15 times over the last 120 years has said marriage is a fundamental right" and never said "it had to be between a man and a woman."
(DBN)

Who Is The Most Sarcastic Justice On The Supreme Court?
(DBN)

Fundraising Rule for Judicial Candidates Divides Justices
(DBN)

Three Supreme Court Justices Skip State of the Union Address
(DBN)

Obama administration to file amicus brief supporting same-sex marriage
(DBN)

Does takings clause apply to personal property? SCOTUS to consider the issue in raisin case
(DBN)

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Wall Street:

U.S. Index Futures Little Changed
(DBN)

Stocks cut losses, close higher; oil tumbles
(DBN)

Morgan Stanley Misses Wall Street 4Q Forecast
(DBN)

Morgan Stanley is bringing back the Wall Street bonus
(DBN)

Morgan Stanley rains on its own parade
(DBN)

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Layoffs:

How To Respond To 8 Illegal Interview Questions
(DBN)

Why Labor Force Participation is Still So Low
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Was RadioShack Corp.'s Bankruptcy This Hedge Fund's End Game All Along?
(DBN)

J.C. Penney Stock Falling Today as it Plans to Reintroduce Print Catalogs
(DBN)

Wet Seal's Still Alive, But Facing New Challenges and a Lawsuit
(DBN)

Wet Seal Whipped: Expect More Casualties As Fast Fashion Retailers Take Over Teen Market
(DBN)

Wet Seal Bankruptcy Filing Leaves Experts Wondering Who's Next
(DBN)

Express Shares Plunge After Sycamore Ends Talks to Buy Chain
(DBN)

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Mass Torts:

Unsealed U.S. lawsuits tell of alleged fraud by asbestos law firms
(DBN)

Billions in federal penalties at issue in BP spill trial
(DBN)

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Consultants:

Restructuring Veteran Marc S. Kirschner Joins Goldin Associates
(DBN)

Shares of EPIQ Systems Under Pressure, Down 2.5%
(DBN)

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Paper:

Judge urges parties in Bucksport mill suit, potential buyers ‘to sit down in a room together’
(DBN)

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Awards:

Greenberg Glusker Receives M&A Advisor Turnaround Award for Sale of the Los Angeles Clippers
(DBN)

Complete List of M&A Advisor Turnaround Award Winners
(DBN)

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Viaticals:

Life Partners Holdings Files for Bankruptcy, Seeks CRO - Move by Company an Effort to Avoid Potential Liquidation
(DBN)

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Autos:

Closed auto dealers could reopen under appeals court ruling
(DBN)

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Religion:

Judge orders Twin Cities archdiocese bankruptcy into mediation
(DBN)

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Agriculture:

Investors have lost millions backing this humble legume
(DBN)

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Aviation:

Delta Air Lines is saving $2 billion on fuel --- Fuel Hedging Cost Delta Over $700 Million In The Fourth Quarter
(DBN)

Airlines could slash ticket prices as fuel costs plummet. Here’s why they won’t
(DBN)

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Currency:

How The Silk Road Trial Could Affect The Future Of Bitcoin
(DBN)

Silk Road Judge 'Eviscerates' Defense's Evidence That Mt. Gox CEO Was a Suspect
(DBN)

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Gambling:

How Caesars’ Bankruptcy Plan was Shot Down
(DBN)

Revel Sale Remains in Limbo as Judge Weighs Creditor Challenge
(DBN)

Icahn Acquisition of Trump Casinos Delayed Two Weeks
(DBN)

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Currency Brokers:

Jefferies CEO Richard Handler Rescues FXCM From the Jaws of Bankruptcy --- Market gives thumbs down to FXCM after rescue deal
(DBN)

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Alternative Energy:

Founder of Greenspring Energy solar firm files for bankruptcy
(DBN)

Biofuels industry in gridlock as it awaits EPA ruling
(DBN)

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Economy:

Obama: U.S. economy has 'turned the page'
(DBN)

Barack Obama's 2015 State of the Union address: annotated --- The 2015 State of the Union Address --- FactCheck: Obama's State of the Union Address
(DBN)

Obama has failed to get the middle class going again. He’s giving it one more try. --- In State of the Union, Obama Makes Middle-Class Pitch --- Obama's Pro-Business Agenda is What Will Really Be Passed --- Chart: Chances That a SOTU Proposal Becomes Law --- Obama Had The Perfect Response When Republicans Dissed Him During The State Of The Union
(DBN)

Middle Class: Why One Should be Concerned
(DBN)

The state of inequality in America
(DBN)

Getting Drunk For The 2015 State Of The Union
(DBN)

Here’s what you need to know about Obama’s new plan to help families afford college
(DBN)

National Credit Default Rates Continued Their Upward Trend in December 2014
(DBN)

U.S. is bright spot for Davos CEOs in troubled global economy --- Davos is still mostly a men’s club
(DBN)

Fed's Powell: More Oversight of Trading Needed
(DBN)

Map: Who would pay higher taxes under Obama’s capital gains proposal
(DBN)

Why aren't Americans having more babies?
(DBN)

Bleak Future for Retirees as Savings Slashed
(DBN)

This Chart Shows The Big Problem With That Inequality Study Everybody's Talking About
(DBN)

Lessons on inequality, from Piketty to Pharaoh
(DBN)

Little room for optimism as global anxiety grows
(DBN)

Facebook Added 4.5 Million Jobs to Global Economy, Report Shows
(DBN)

Why Financial Companies Collapse When Unexpected Things Happen
(DBN)

DOT: Vehicle Miles Driven increased 1.1% year-over-year in November, Nearing All Time High
(DBN)

ATA Trucking Index unchanged in December, Up Solidly Year-over-year
(DBN)

4 maps that show how demographic change will touch every corner of the country
(DBN)

Sales Taxes Target the Poor, Widen Income Gap
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home builder confidence slips to start the year, report says --- NAHB: Builder Confidence decreased to 57 in January
(DBN)

President Obama: No more housing initiatives
(DBN)

Fifth Third posts net income of $1.5B in FY 2014, down 19%
(DBN)

Experian: More Americans miss monthly mortgage payment
(DBN)

Vineyard Commons developer Barnett pleads not guilty
(DBN)

A New York Townhouse With A Two-Car Garage And Indoor Pool Has Listed For $29 Million --- Inside One57, Where New York's Most Expensive Penthouse Just Sold $100 Million
(DBN)

I Declare Rescission!!
(DBN)

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Municipalities:

Detroit's Lawyers and Advisers Defend Billing - At Judge's Request, Those That Worked on Debt Restructuring Made Case for Why the Tab Was Reasonable
(DBN)

Detroit Motors Ahead on the Road to Recovery
(DBN)

Judge approves Stockton to move forward with bankruptcy plans --- Judge rejects creditor's bid for stay on Stockton's bankruptcy exit plan --- Judge rejects bid to keep Stockton in bankruptcy --- Stockton, Calif., Can Leave Bankruptcy During Appeal, Judge Rules
(DBN)

Is Scranton, Pennsylvania the Next Detroit? Public Union Pensions Driving Scranton to Bankruptcy
(DBN)

Puerto Rico Will Be The Big Headache For 2015
(DBN)

Nebraska Bills Favor Bondholders Over Pensions
(DBN)

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Oil/Gas:

Crude Collapse Has Investors Braced for ’80s-Like Oil Casualties --- Falling oil prices to spur business bankruptcies in Houston
(DBN)

TX: Abbott Faces Oil Price Shadow on Economy
(DBN)

Tues. P.M.: Oil falls again as IMF cuts forecast; Iran hints at $25 oil --- Even if it hits $25-a-barrel, Iran's not sweating falling oil --- Oil Falls as Record Iraqi Output Seen Compounding Surplus --- Crude Oil Is Getting Smoked --- US oil prices decline further 4.7%
(DBN)

Study: US Should End Export Ban on Oil
(DBN)

The Hedge Fund Manager Who Nailed The Oil Crash Made $1 Billion From His Bet
(DBN)

Top Consulting Firm Reveals How Companies Are Seeing The Oil Crash
(DBN)

Halliburton, Baker Hughes Profit as They Plan for Downturn --- Baker Hughes To Lay Off 7000 Employees As Oil Prices Free Fall --- Halliburton, Baker Hughes to lay off thousands as oil slumps
(DBN)

Halliburton, primed for a difficult year, hints at more layoffs
(DBN)

Can BP Survive Amid Heavy Oil Spill Fine And Tumbling Crude Price?
(DBN)

Behind Oil Price Drop, Washington's Hand
(DBN)

IMF cuts global growth forecast amid 'sizable uncertainty' about oil
(DBN)

Energy sector will have all eyes on State of the Union
(DBN)

Coming to Terms With the New Oil Reality - The Effect of the Sharp Drop in Oil Prices Will Last Years Past the Moment Prices Have Recovered
(DBN)

As rigs idle, a town in oil country reels
(DBN)

Traders Are Hoarding Oil In Colossal Ships While They Wait For Prices To Bounce Back
(DBN)

Calmena Energy says key lender seeking to put drilling company into bankruptcy - Winnipeg Free Press
(DBN)

Former oil exec: $5-a-gallon gas on the way
(DBN)

Whither Oil Prices?
(DBN)

Financiers urge airlines not to squander oil price windfall
(DBN)

Alaska Governor: State's Savings Mean Oil Revenue Decline Doesn't Make Budget Situation a 'Crisis'
(DBN)

What Falling Oil Prices Are Doing To America's 10 Richest Oil Tycoons
(DBN)

Rush Limbaugh's Gasoline Conspiracy Depends On The Price
(DBN)

____________

Credit/Debit Cards:

Supreme Court Won't Hear Dispute Over Debit Card Fees --- Win for Bank of America, Wells Fargo --- Merchants lose bid to force lower debit card swipe fees
(DBN)

These Are The Top 7 Credit Cards For People With Excellent Credit
(DBN)

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Fraud:

Former McAllen trucking CEO admits to $26M in fraud
(DBN)

Judge says former Utah A.G.s won't have to testify at fraud trial -- for now
(DBN)

Tone Grant, Refco Ex-President Serving 10 Years, Dies
(DBN)

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Banking:

Banks Must Bear the Risk of Derivatives Losses, CME Paper Says
(DBN)

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Telecoms:

Judge Sends LightSquared Bankruptcy Plan for Creditor Vote
(DBN)

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Healthcare:

Health Insurance CO-OPs Fight Insolvency
(DBN)

Teen Caught Posing As Hospital's OB-GYN For Nearly A Month
(DBN)

Parents earning more than $3,760 (annually) are ‘too rich’ to qualify for Medicaid in Texas --- Kaiser: Modern Era Medicaid: Findings from a 50-State Survey
(DBN)

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Celebs:

Kate Gosselin 'Celebrity Apprentice' And 'Kate Plus 8' Star Millionaire Boyfriend Bankruptcy Past: TLC Star Knew BF Was Broke?
(DBN)

Gordon Ramsey Loses Suit Over Pub Rent
(DBN)

14 Rich And Famous People Who Lost All Their Money
(DBN)

Ohio State's Quarterback Won't Leave School Early To Turn Pro Because He Wants To Be A Financial Planner
(DBN)

____________

Student Debt:

This City Is Offering $7,000 Towards Your Student Loans If You Move There For 2 Years
(DBN)

Obama To Propose To Make COD Income From Income-Based Repayment Tax-Free
(DBN)

Public Service Loan Forgiveness Might Be Capped — You Can Help Stop It
(DBN)

Who’s Looking Out for the Students?
(DBN)

____________

Pensions:

Significant Multiemployer and Single Employer Benefit Rule Changes Take Effect
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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:

Distressed Company Watch List
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Grassley Wants Bankruptcy Protections for Farmers
(DBN)

ABI Chapter 11 Reform Commission Series: Claims Trading
(DBN)

____________

Sales:

Bankruptcy Sales: “It Ain’t Over ’Til It’s Over”
(DBN)

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Trade Secrets:

Appellate Court Holds That Non-Compete Agreement Assigned Pursuant to Bankruptcy Court Order is Enforceable by Assignee
(DBN)

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Property of the Estate:

Tenth Circuit BAP Adopts Majority Rule That Bankruptcy Estate does not Include Property Placed in Escrow by the Debtor Absent Debtor’s Compliance With Escrow Terms
(DBN)

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Bankruptcy Policy:

What’s Fairness Got To Do with It? When the “It” Is Chapter 11, a Lot….
(DBN)

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Cross-Border:

Show Me the Money – Courts in the Second Circuit Continue to Apply Section 109 to Chapter 15 Cases and Cash in the Bank Does the Job
(DBN)

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M&A:

Cashing out: The Rise of M&A in Bankruptcy
(DBN)

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Jurisdiction:

A Wellness Check for Bankruptcy: Confusion Reigns
(DBN)

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Insurance:

Life Partners Files for Bankruptcy After $46 Million Judgment
(DBN)

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Opera:

Potential Buyers of New York City Opera Hold a Bidding War in Court
(DBN)

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Politics:

Fact Check: Rand Paul - "Over half the people on disability are either anxious or their back hurts."
(DBN)

Fact Check: Elizabeth Warren - "The average family not in the top 10 percent makes less money today than they were making a generation ago."
(DBN)

Congress Continues to Sell Out for Big Business
(DBN)

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Hedge Funds:

Paulson Funds Said to Shrink by $1.3 Billion After Losses
(DBN)

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Sovereigns:

Should Ethiopia Worry About Sovereign Default?
(DBN)

____________

UK:

Alpari UK Should Have Shut down a Year Ago Says Majority Owner --- Wiped out by Swiss currency decision, Alpari considered offers from suitors --- Alpari co-owner says applied to wind up business a year ago
(DBN)

Court of Appeal to rule on landmark pension access case
(DBN)

How Working Class People Became the Problem
(DBN)

____________

EU:

Europe ends higher as bets on ECB action rise
(DBN)

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PIIGS:

Greek elections reflect conflict between generations
(DBN)

David Drumm’s €1m liability to US bank repaid in full
(DBN)

____________

Canada:

Bad Faith and Claims Surviving Bankruptcy
(DBN)

US Steel making money amid restructuring
(DBN)

New court documents in Del Mastro case point toward appeal
(DBN)

Only Hong Kong has less affordable housing than Vancouver
(DBN)

Oil - price collapse to cut $4.3 billion from federal revenues: report --- Oil price drop will 'shock' Canada economy: forecast --- Calgary oil analyst offers dim outlook for 2015 --- Canadian oil sands producers stay defiant in face of price slump
(DBN)

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Romania:

Romania searching for way to help thousands of Swiss franc borrowers
(DBN)

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Croatia:

Croat Swiss-Franc Plan May Sink Economy Further, Analysts Warn
(DBN)

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China:

Questions That Kaisa Dollar Bondholders Should Ask
(DBN)

Concern Rising as China's Growth Rate Hits 7.4% --- China Stimulus Kicks In to Help Keep 2014 Growth Near Target
(DBN)

Chinese economy posts lowest growth rate since 1990
(DBN)

China 2014 growth the template for years to come: Russell
(DBN)

China says it never claimed to be the world’s largest economy
(DBN)

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New Zealand:

Ponzis square pegs in insolvency law's round holes
(DBN)

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Switzerland:

Swiss tourism staring into the abyss
(DBN)

Swiss move is small preview of what would happen in euro breakup
(DBN)

Swiss Franc 'Nuclear Explosion' Spreading, Credit Suisse, Saxo Hurt
(DBN)

How Swiss Shock Humbled the King of Leveraged Currency Trading
(DBN)

Tax Treatment Of Forex Losses In Wake Of Swiss Surprise
(DBN)

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Nigeria:

Nigeria has record-high interest rates and a currency at record lows
(DBN)

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MENA:

Dubai's Limitless gets 85 pct creditor assent for debt extension
(DBN)

IMF lowers Middle East growth forecasts as oil prices remain weak --- HSBC cuts GDP outlook for UAE and 12 other oil exporters
(DBN)

Why Saudi Arabia still has public beheadings
(DBN)

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Australia:

Insolvency Update
(DBN)

Australian economic outlook 'downbeat'
(DBN)

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Kosovo:

Kosovo Miners Stay Deep Underground in Row Over Struggling Mine's Fate
(DBN)

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Singapore:

Public Consultation on the Bankruptcy (Amendment) Bill
(DBN)

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Venezuela:

Things Are So Bad In Venezuela That Standing In Line Is A Profession
(DBN)

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