January 22, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Mayer Brown & Simpson Thacher Make Epic Screwup --- Paperwork foul-up could cost JPMorgan $1.5B --- Little Big Mistakes: The Second Circuit Rules on GM/JP Morgan
(DBN)

The Little People - Let’s admit that a rigid social hierarchy exists at law firms
(DBN)

Weil back in profit as US firms start results season
(DBN)

Musical Chairs: A Major Move Out Of Cadwalader --- Partner Leaving Won't Harm Cadwalader: Business of Law
(DBN)

China's Biggest Law Firm Nears Deal With Dentons --- Dentons-Dacheng merger to dwarf other law firms --- World's biggest firm
(DBN)

Clifford Chance's Problem Associate
(DBN)

BigLaw Recruiter: We Didn't Kill Dewey & LeBoeuf
(DBN)

$1M Sanctions Sought Against Gibson Dunn For Hiring Contract Lawyers To Do Document Review
(DBN)

Morgan Stanley legal costs drop 80 per cent in fourth quarter report
(DBN)

Brownout Phenomenon: It's About Losing The Edge
(DBN)

Want A Hulking Competitive Advantage? Engage People Well…
(DBN)

Nixon Peabody eyes up Chicago acquisition
(DBN)

Innovation More Than Another App: How Wilson Sonsini Lawyer Turned YC Partner Carolynn Levy Is Revolutionizing Startup Investing
(DBN)

5 Things The State of The Union Might Mean For Contract Attorneys
(DBN)

2015: The Year That The Law School Crisis Ended (Or Not)— Conclusion
(DBN)

Are You Paying Too Much for Law School? --- Only 38% of Law Students Are Paying Full Tuition
(DBN)

LawProse: “Due to” what?
(DBN)

Back In The Race: Joining Bar Associations In Search of Employment
(DBN)

College Student Allegedly Sets Female Classmate On Fire Then Snapchats A Video Of It To Friends
(DBN)

The View From Up North: Driving While Black
(DBN)

Wife Shocked to Find Husband Demolished Home While She Was Away
(DBN)

U.S. to Pay Woman $134,000 for Impersonating Her on Facebook
(DBN)

Lawyer criticized over racy YouTube ad
(DBN)

Man, 20, Cops Plea To Unnatural Act With . . . Inside Walmart
(DBN)

FBI completes federal probe of Ferguson shooting
(DBN)

Protests Begin After A Video Shows A Man Shot By New Jersey Police While Raising His Hands
(DBN)

Brandishing a gun earns former N.M. sheriff 10 years
(DBN)

"Better Call Saul" - Struggling Criminal Lawyers Might Learn Some Tricks
(DBN)

Couple told they can't park truck in own driveway
(DBN)

Map: 16 states have more people in prisons and jails than college housing
(DBN)

Sheriff: Man arrested for tackling armed fellow Wal-Mart shopper who has a concealed-carry permit
(DBN)

Say What?!
(DBN)

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Judges:

Justice Alito Has Very Clear Reasons For Skipping The State Of The Union --- Which justices skipped Obama’s address? And was their absence unusual in historical terms?
(DBN)

Beleaguered Banker Benchslapped Back To The Stone Age --- Judge Finds Ex-Wall Street Trader Hid Millions From Bankruptcy Court
(DBN)

Justice Ginsburg Prompts Intrigue at State of the Union
(DBN)

County judge arrested on domestic violence charge; wife says he hit her until she blacked out
(DBN)

Con man's mom posed as federal judge in elaborate 'Catfish' scam
(DBN)

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Wall Street:

Futures edge up as investors await ECB, data
(DBN)

US stocks end bumpy day with gains
(DBN)

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Layoffs:

EBay Announces Plans To Shed Jobs
(DBN)

American Express Said to Plan Thousands of Job Cuts This Year
(DBN)

U.S. Steel plans to close plants affecting 545 workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

S&P to pay $77 million to settle U.S. civil charges over ratings --- Bigger deal looms
(DBN)

S&P still hasn't changed culture, SEC says
(DBN)

Credit Rater S&P to Be Banned for a Year From Biggest Part of Commercial-Bond Market
(DBN)

New York Prosecutor Expands ‘Dark Pool’ Complaint Against Barclays
(DBN)

The New York State Assembly Speaker Will Be Arrested On Federal Corruption Charges
(DBN)

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Gambling:

Island Breeze Casino faces an uncertain future in bankruptcy court
(DBN)

Carl Icahn's acquisition of Trump casinos on hold
(DBN)

Judge: Revel Sale to Florida Developer Can Proceed
(DBN)

Revel Creditors Lose Bid to Halt Sale to Challenge Terms
(DBN)

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Golf:

A new Escondido Country Club plan
(DBN)

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Bankruptcy Crimes:

Gallup business' ex-owner pleads guilty to bankruptcy fraud
(DBN)

Ex-cop gets jail time for bankruptcy fraud in elder abuse case
(DBN)

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Aviation:

How Cheap Oil Fooled Delta Airlines
(DBN)

Ridiculous Delays Are Making Airline Passengers Do Crazy Things
(DBN)

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Education:

NSA bankruptcy shows debts, lawsuits
(DBN)

Low Income Students Now A Majority In Public Schools
(DBN)

The growth of American higher ed, in one GIF
(DBN)

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Retailing:

Have Retail Reorgs Gone the Way of the Dodo?
(DBN)

Here's Who Benefits The Most If Sears Goes Bankrupt
(DBN)

The Aging of Abercrombie & Fitch
(DBN)

Lands' End gives weak profit, sales outlook
(DBN)

These 6 Stores Are 'Disappearing' From Malls
(DBN)

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Mass Torts:

Law Firms Accused of Fraud in Asbestos Litigation --- Unsealed RICO complaints detail fraud allegations against asbestos plaintiffs firms
(DBN)

Amend the Federal Rules of Bankruptcy Procedure to Combat Fraudulent Asbestos Claims
(DBN)

Unsealed Court Documents Reveal Garlock RICO Claims Based on 'Boldly False Claims,' Say Lawyers for Asbestos Victims
(DBN)

Garlock Reaches Unprecedented Deal with Future Claims Representative on Value of Trust for Asbestos Claims
(DBN)

Judge in BP Trial Raises Prospect of Big Penalty Paid in Installments
(DBN)

BP, U.S. attorneys clash in opening statements in oil spill trial
(DBN)

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Economy:

As its peers surprise, Fed may toss in towel
(DBN)

Americans See Healthcare, Low Wages as Top Financial Problems
(DBN)

While US Middle Class Falters, Global Middle Class is Growing
(DBN)

Americans overwhelmingly want paid sick time, even if it lowers their wages
(DBN)

Republicans to Offer Conservative Path to 'Middle-Class Economics' --- Republicans follow Obama’s lead on inequality after the State of the Union
(DBN)

Lew slams door on efforts to lower top individual tax rate
(DBN)

Paul Singer: The Fed is Causing Inequality
(DBN)

Why Falling Prices Are Actually a Really Bad Thing
(DBN)

Cramer Sees Red Flags Around the Economy
(DBN)

Aetna CEO: Paying Less than $16 Hour Not Fair
(DBN)

Central Banks Step Up Low-Inflation Fight as Canada Cuts Rate
(DBN)

The politics of economic stupidity
(DBN)

Obama's "Middle-Class Economics" Push Ignores A Valuable Point About The Middle Class
(DBN)

Bankers at Davos Say They Support Regulation, With Some Caveats
(DBN)

New report finds ‘staggering inequality’ of incomes once decried by MLK
(DBN)

Most State of the Union tax deals are DOA
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing starts rise to highest annual tally in seven years
(DBN)

Resurgent Housing May Buffer U.S. From Slowing Global Growth
(DBN)

Single-Family Home Gain Brightens U.S. Housing Outlook
(DBN)

Seriously underwater properties decrease 2.2 million in 2014
(DBN)

AIA: Architecture Billings Index increased in December
(DBN)

Can getting sick push you into foreclosure?
(DBN)

Here's why Standard & Poor's mortgage bond fraud is so shocking
(DBN)

Americans have many problems, but owning a home isn’t one
(DBN)

Delray Beach likely to pay millions to take financial control of housing complex
(DBN)

A Hurricane Without Water: Foreclosure Crisis Looms in Detroit as State Takes Action
(DBN)

Orlando agent to sell Nikesh A. Patel's real estate assets
(DBN)

How Come the President Never Talks About My Rent?
(DBN)

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Municipalities:

County leaders criticize Detroit over Water Authority
(DBN)

Snyder pledges to change how state helps those in need
(DBN)

Second Company Having Trouble with RI Loan Guarantee Program
(DBN)

New Jersey governor to hire emergency manager for Atlantic City
(DBN)

Dueling Atlantic City recovery plans as 3rd summit looms
(DBN)

Governor: Illinois Financial Condition is Dire
(DBN)

Millionaires Leaving NJ by the Thousands
(DBN)

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Oil/Gas:

Thurs. A.M.: Oil prices above $49 ahead of ECB bond buying move
(DBN)

Weds. P.M.: Oil jumps 2.5 percent to above $49, outlook remains weak --- Crude rebounds as U.S. drilling slows
(DBN)

Gas Prices Have Fallen For A Record 16 Straight Weeks
(DBN)

Total cuts North Sea, U.S. shale spending after oil price plunge
(DBN)

Major U.S. shale player cuts rigs by 40 percent
(DBN)

These hedge funds may be plunging oil's biggest winners
(DBN)

Cramer and Dicker: Distressed Oil Companies Still Have Value -- in Their Bonds
(DBN)

Falling oil investment will hit US economy: Kemp
(DBN)

IEA Chief Warns Oil Drop May Hurt Investment in Energy Projects
(DBN)

Opec defends refusal to cut crude output --- OPEC's Al-Badri: Oil Prices Will Rebound
(DBN)

Energy Firms Expect To Trim Spending, Jobs In Oklahoma In 2015
(DBN)

Here Comes The Rush To Buy Energy Stocks
(DBN)

There’s still time to cash in on the collapse in crude oil
(DBN)

OPEC Head Says Oil Isn't Going To $20 A Barrel
(DBN)

Davos oil barons eye $150 crude as investment slump incubates future crunch
(DBN)

Ross Perot Jr. warns US shale industry is 'unsustainable' --- Perot Jr.: US Lose 30% of Shale Industry
(DBN)

Dip into those profits, oil industry is advised
(DBN)

At Davos, Tallying the Winners from Oil’s Big Drop
(DBN)

Harold Hamm to Sell $3bn in Shale Assets
(DBN)

There is a first time for everything - US bankruptcy plan for Australian debtor
(DBN)

____________

Personal Finance:

Many spouses cheat financially
(DBN)

These 5 Questions Can Determine How Financially Healthy You Are
(DBN)

$700,000+ mistake nearly 6 in 10 millennials may make
(DBN)

____________

Religion:

Pope removes Iowa priest accused of abusing minor
(DBN)

Vatican names former sex-crimes prosecutor to lead appellate board for priests accused of abuse
(DBN)

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Mining:

Bankruptcy Court Approves Sale Of Mohave County Mine
(DBN)

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Consultants:

MorrisAnderson Promotes Mark J. Welch to Principal
(DBN)

____________

Hedge Funds:

Starboard Tells Company to Sell Its Private Planes… and Itself
(DBN)

Manager 'truly sorry' for blowing up hedge fund
(DBN)

____________

Construction:

MI: Bankruptcy judge clears sale of former Lamar Construction headquarters
(DBN)

Woburn glass contractor files Chapter 7 bankruptcy
(DBN)

____________

Marketing:

Hipcricket files for Chapter 11 bankruptcy ; Sito Mobile to acquire assets for $4.5M
(DBN)

____________

Healthcare:

City says it will fight for Quincy Medical Center property
(DBN)

CA: Sale of struggling hospitals will be good for patients
(DBN)

A knee replacement surgery could cost $17k or $61k. And that’s in the same city.
(DBN)

____________

Compensation:

Executive Compensation: Do Clawbacks Lead to Certain Types of Earnings Manipulation?
(DBN)

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New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Bankruptcy Forecaster Sees Junk-Debt Bubble Bursting Next Year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Fiduciary Duty:

Court Dismisses Breach of Fiduciary Duty Claims Against Sole Owner of Solvent, but Injured, Debtor Subsidiaries
(DBN)

Delaware Bankruptcy Court Applies Business Judgment Rule to Protect Corporate Fiduciaries
(DBN)

____________

UCC:

JPM Must Live With $1.5 Billion Error
(DBN)

____________

Automatic Stay:

Examining the Enforceability of Prepetition Waivers of the Automatic Stay
(DBN)

Want to Shop? Don’t Let Bankruptcy Stop You!
(DBN)

____________

Appeals:

The Seventh Circuit Interprets Wisconsin Exemption Law on College Savings Accounts and Retirement Annuities, but Did It Have Jurisdiction? (Part 2 of 2)
(DBN)

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Fraud:

SEC Accuses South Florida Fund Manager Of Running $17 Million Ponzi Scheme
(DBN)

____________

Autos:

GM Creditors Win Challenge to $1.5 Billion Loan - Paperwork Error Renders Loan An Unsecured Debt
(DBN)

Judge asked to shed light on Treasury bailout data concerning General Motors
(DBN)

Elon Musk’s Tesla Motors gets a reality check
(DBN)

____________

Pensions:

Corporate Pensions and Financial Distress
(DBN)

____________

Coal:

M&A Flashback: Wilbur Ross' Wild Ride In Coal Mining
(DBN)

____________

Tax:

In US tax reform talks, small firms fear missing out on relief
(DBN)

____________

Celebs:

Ring of "Honor"? Jamal Lewis pawned Super Bowl XLVII ring - now up for auction
(DBN)

Gordon Ramsay's £10m bill as he loses 'forged signature' court fight
(DBN)

____________

Paper:

Judge refuses to halt sale of Bucksport mill to scrap metal firm
(DBN)

____________

Taxis:

Now we know how many drivers Uber has, and how much money they’re making?
(DBN)

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Sovereigns:

Ethiopia: The recent default scenario worries lending institutions
(DBN)

____________

UK:

Bank creditors set for hit as losses revealed
(DBN)

____________

EU:

European Central Bankers Poised for QE
(DBN)

Lagarde on European QE: It's already working
(DBN)

How Mario Draghi and the ECB could disappoint
(DBN)

Markets primed for ECB debt-buying splurge
(DBN)

Draghi Is Pushing Boundaries of Euro Region with QE Program
(DBN)

Here's What To Expect From Thursday's Big European Central Bank Meeting
(DBN)

ECB Proposes QE Stimulus of 50 Billion Euros a Month
(DBN)

How Good Would QE Be for European Equities?
(DBN)

Hungarian Franc-Loan Fix Provides Cautionary Tale
(DBN)

____________

PIIGS:

Polls point to victory for Syriza as Greek election nears
(DBN)

ECB approves emergency funding line for Greek banks -banking source
(DBN)

Portugal to repay IMF bailout loans early
(DBN)

How Greece and Germany Brought Europe's Long-Simmering Crisis Back to a Boil
(DBN)

The Revenge of Disaffected Europe Threatens a New Crisis Starting in Greece
(DBN)

____________

Canada:

Bank of Canada makes shock rate cut on oil concerns --- Interest rate cut doubles effect of falling oil price --- Bank of Canada Cuts Rates to Protect Its Hot Housing Market --- Poloz Responds to Oil-Price Shock With Canada Rate Cut Jolt
--- The winners and losers --- 5 Takeaways from the Bank of Canada's Surprise Rate Cut
(DBN)

The Canadian Dollar Is Going Crazy After The Bank Of Canada Cuts Rates
(DBN)

CAPP predicts $23 billion decline in oilpatch investment
(DBN)

____________

Germany:

Insolvency plan proceedings – it ain't over 'til it's over
(DBN)

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France:

Reform of the French Insolvency Regulation
(DBN)

____________

Russia:

Russia Is Changing Its Tune After Historic 17% Rate Hike
(DBN)

Russia's Ruble Crisis Was Big Fun in Belarus—Just Not for Very Long
(DBN)

____________

MENA:

Dubai's Limitless nears creditor assent
(DBN)

A sea change in UAE corporate law: Doing away with minimum capital
(DBN)

IMF warns oil plunge will cost GCC dearly - $300 Billion
(DBN)

____________

China:

China's premier says economy will continue to feel pressure in 2015
(DBN)

____________

Switzerland:

You have to pay Switzerland to lend it money
(DBN)

____________

Venezuela:

Venezuela should be rich, but its government has destroyed its economy
(DBN)

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