January 23, 2015

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Which Firm Just Decided To Troll Its Associates With ‘Generous’ Below-Market Bonuses?
(DBN)

Top New York Politician Arrested For Taking Bribes From A Law Firm
(DBN)

Departure Memo Of The Day: Sail Away, Sail Away
(DBN)

Business of Law
(DBN)

"Reputational kryptonite": Firms scramble to tighten disciplinary procedures in wake of Clifford Chance trainee’s Islamist rant
(DBN)

The Responsible Way Out of the Law School Crisis
(DBN)

Tracing the history of 'deal toys'
(DBN)

Reinventing The Law Business: How To Select A Law Firm Out Of Law School
(DBN)

Dentons, Dacheng law firm deal covers over 6,500 lawyers in 50 countries --- Dentons chair on the Dacheng merger: "Like Halley's Comet and the Holy Grail"
(DBN)

Is Kansas City big enough for Polsinelli and Littler’s back-office operations? IT shortage feared
(DBN)

At several DC firms, more women than men are promoted to partner
(DBN)

The Most Exciting Things You'll Be Able To Do With The Apple Watch
(DBN)

Night Law School Can No Longer Be Done At Night
(DBN)

Why You Should Never Check Email Before Noon
(DBN)

Transforming Anxiety Into Achievement
(DBN)

7 Valuable Leadership Lessons From LinkedIn's Billionaire Founder
(DBN)

The Top 10 Time Sucks Of Small Firm Practice
(DBN)

NFL Tipped Off On Patriots Using Deflated Balls Before Game --- Tom Brady: 'I didn't alter the ball in any way' --- Patriots Coach Bill Belichick Denies Knowledge Of Deflated Footballs --- Aikman: 'Obvious' Brady had a role in Deflategate --- Why NFL quarterbacks should get to do whatever they want with their balls
(DBN)

There Are 3 Men Who Truly Run New York — One Is In FBI Custody --- Top N.Y. Lawmaker Accused of Corruption Scheme Involving Law Firms --- Sheldon Silver Cited 9/11 as Official Justification for Spending in Alleged Kickback Scheme --- The Case Against Sheldon Silver
(DBN)

Top Prosecutor Warns NY Politicians To 'Stay Tuned' For More Corruption Arrests
(DBN)

Newly-released flight logs reveal for the first time the many trips Bill Clinton and Harvard law professor Alan Dershowitz took on Jeffrey Epstein's private jet with anonymous women
(DBN)

Alan Dershowitz’s Accuser Swears By Her Story Of Sexual Misconduct
(DBN)

Lawyer Defending Congressman’s Wife in Bigamy Case Accuses Client of Having a Second Lawyer
(DBN)

Former lawyer has 237 years to pay off malpractice judgment
(DBN)

Lawyers in bizarre Beach Boys video
(DBN)

The FBI Staged A Lovers' Fight To Catch The Alleged Kingpin Of The Web's Biggest Illegal Drug Marketplace
(DBN)

'Breaking Bad' Fans Will Love 'Better Call Saul'
(DBN)

Say What?!
(DBN)

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Judges:

Sen. Ted Cruz Heads Judiciary Committee
(DBN)

CO BK: Term Law Clerk Vacancy --- Career Law Clerk Vacancy
(DBN)

Federal Judge On Court's Switch From WordPerfect to Word: "I know damn well that this announcement was designed to kill me" - "From my cold, dead hands!"
(DBN)

Puerto Rico judge convicted in bribe-taking case
(DBN)

Judges who dined with indicted friend violated revised ethics rule, court says
(DBN)

Judge lays into Snoop Dogg
(DBN)

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Wall Street:

US stock futures to open higher
(DBN)

Stocks cheer ECB; S&P 500, Nasdaq positive for year
(DBN)

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Layoffs:

Ocwen's Troubles Cause Altisource To Trim Workforce By 800
(DBN)

DreamWorks to cut 500 jobs
(DBN)

US Steel to lay off more than 350 at Indiana tin mill
(DBN)

Air France confirms 800 fresh job cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mass Torts:

Sheldon Silver Arrest Shows The Seamy Side Of Asbestos Litigation
(DBN)

How a powerful N.Y. politician (allegedly) exploited asbestos victims
(DBN)

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Alternative Energy:

Will Falling Oil Prices Kill Wind and Solar Power?
(DBN)

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Rail:

Oil price drop leaves Union Pacific cautiously upbeat on economy
(DBN)

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Aviation:

Airline insolvency | Practical steps and pointers
(DBN)

Southwest Airlines is saving billions on fuel
(DBN)

United Airlines closes out fuel hedges, sees hedge losses near $1 bln --- United Airlines Left Wondering Why It Hasn't Realized Merger Benefits --- United Airlines 4Q Profit Drops 80 Percent on Write-Downs
(DBN)

Why Airfares are Sky-High When Jet Fuel is Dirt Cheap
(DBN)

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Fraud:

Ex-Freedom Industries president faces new fraud charge --- Feds tweak allegations against former Freedom Industries exec
(DBN)

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Religion:

What's next for Twin Cities Archdiocese?
(DBN)

___________

Education:

Allow universities to restructure themselves through bankruptcy
(DBN)

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Currency:

While Mt. Gox Was Burning, Karpeles Was Heading Home for the Weekend
(DBN)

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Gambling:

Caesars restructuring will be ‘drawn out’ process
(DBN)

5 Reasons Why Caesars Shares Are Worthless
(DBN)

____________

Retailing:

Target's package for ex-CEO matches package for all 17,600 Canadian workers - Walk-Away: $61M
(DBN)

Target Canada workers feel left in the dark as stores close
(DBN)

Target Canada owes more than $5-billion to creditors
(DBN)

Cache Chain Said to File for Bankruptcy as Soon as Next Week
(DBN)

C. Wonder Files For Bankruptcy
(DBN)

SkyMall Orders Up a Bankruptcy Filing
(DBN)

RadioShack gets another delisting warning from the NYSE
(DBN)

Fresno: Sierra Vista Mall sold in foreclosure proceeding
(DBN)

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Environmental:

Asarco sues ARCO for environmental damages at East Helena site
(DBN)

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Climate:

Senate Votes 98-1: Climate Change is Not a Hoax --- GOP senators vote that climate change isn't human-caused
(DBN)

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Autos:

Fact Check: "The auto companies have now repaid taxpayers every dime and more of what my administration invested in."
(DBN)

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Economy:

Jobless claims above 300,000 for third straight week for first time since July
(DBN)

This Is The Most Brilliantly Simple Idea To Spur Economic Growth Aired At Davos So Far
(DBN)

If oil drops below $30 a barrel, brace for a global recession
(DBN)

The Oil Crash Won't Derail The Labor Market Recovery
(DBN)

Lew: Congress Should Deal with Business Taxes
(DBN)

Boston’s Poverty-Fighting Rosengren Pushes Activist Fed Vision
(DBN)

Why Should Americans Care About European Central Bank Policy Moves?
(DBN)

Billionaire tells Americans to expect less -- flies two nannies to Davos!
(DBN)

Inequality Models are Not Facts
(DBN)

Tax Cut Tactic: GOP's New Numbers Game
(DBN)

Why the wealthy go broke, too
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

The hottest neighborhoods for 2015
(DBN)

Wells Fargo, JP Morgan to Pay $35.7 Million in Settlement --- CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme
(DBN)

JPMorgan Chase Deposition: Voiding Endorsements, Creating Allonges And Endorsements, The “Swirl”
(DBN)

$890 million in subprime vintage debt hits secondary market
(DBN)

Delinquencies drop 7% in December
(DBN)

FHFA: Home prices gain 0.8% in November
(DBN)

Freddie Mac: Mortgage rates fall to new lows - Oil prices keep rates down
(DBN)

Las Vegas mystery: What will become of Fontainebleau?
(DBN)

____________

Municipalities:

Atlantic City bankruptcy possible as Christie names manager --- Atlantic City, NJ bankruptcy 'premature': turnaround team --- Pair won't say if bankruptcy in Atlantic City future --- Kevyn and Kevin have one mission: Save A.C.
(DBN)

Christie announces emergency measures to help save Atlantic City --- Turnaround team --- Gov. Christie Names Kevin Lavin Atlantic City Emergency Manager --- Powers of Atlantic City's new emergency manager --- Kevyn Orr named to Atlantic City emergency management team
(DBN)

Bankrupt San Bernardino to impair bondholders, not Calpers, in exit
(DBN)

In Detroit, city hall tries a new approach: Helping
(DBN)

Kansas City Struggles with Economic Growth
(DBN)

Town once run by polygamist leader is sharply divided
(DBN)

Chart: What Your City Will Become in 15 Years
(DBN)

60 percent of U.S. cities still in recession recovery
(DBN)

States Where the Middle Class is Dying
(DBN)

Tx. Cities Facing Fiscal Squeeze on Oil Pricing
(DBN)

Oil Boomtown on the Brink of a Bust
(DBN)

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Oil/Gas:

Fri. A.M.: Oil jumps as Saudi king's death feeds market uncertainty --- Oil Pares Gains as New Saudi King Says Policies Stable
(DBN)

Thurs. P.M.: U.S. oil stockpiles hit highest level in 80 years --- Oil tumbles after US crude stockpiles advance a second week --- Oil falls after EIA announces massive build in crude stocks --- Oil slips as U.S. crude stockpiles surge most in 14 years
(DBN)

Oil Drillers ‘Going to Die’ in 2Q on Crude Price Swoon --- Oil Companies Are Looking At 'Outright Liquidations'
(DBN)

Oil majors seek to claw back costs from service firms
(DBN)

Curb in US oil drilling
(DBN)

Shale Oil: Where the Slowdown Has Begun
(DBN)

Oil drill and exploration to collapse under lower oil prices
(DBN)

Chevron laying off 162 as activity slows in Western Pennsylvania
(DBN)

Impact of oil price rout starkly evident in North America
(DBN)

North American Oil Producers Will Blink First
(DBN)

Southern Pacific Resource Seeks Bankruptcy Protection in Canada
(DBN)

Tomahawk Resources files for bankruptcy in Midland
(DBN)

S&P: CLO exposure to recent Oil & Gas rating actions is limited
(DBN)

This is the price point to beware for falling oil
(DBN)

The Miracle Of $2 A Gallon Gasoline --- Gallon Of Gas Now Cheaper Than Sparkling Water
(DBN)

OPEC SecGen Says Oil Will Not Fall to $20
(DBN)

Oil Prices Could Spike to $200 After Slump
(DBN)

Icahn: I believe oil will go lower
(DBN)

At Davos, CEOs Eagerly Await Boost From Oil Price Drop
(DBN)

Oil price will stay low for 'two or three years' – BP boss --- Could the Rout in Crude Last for at Least Another Year?
(DBN)

Fitch Revises Base Case Crude Price Deck to Match Stress Case for 2015
(DBN)

Moody's downgrades American Eagle Energy to Ca, "unsustainable capital structure"
(DBN)

Iraq's Premier Calls Oil Price Drop "Disastrous for Us"
(DBN)

Africa oil boom put on hold
(DBN)

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Opera:

City Opera Board Still Prefers Lower Bid --- New York City Opera Selects Investor Group to Revive Opera
(DBN)

Revival of New York City Opera Heads Into Final Act
(DBN)

New York City Opera Chooses NYCO Renaissance Bid for Assets
(DBN)

More sour notes for New York City Opera
(DBN)

____________

Personal Finance:

11 Things You Should Be Renting Instead Of Buying
(DBN)

These 3 Basic Tips Could Save You Hundreds Of Dollars A Year
(DBN)

20 Items Under $20 That Everyone Should Own
(DBN)

Kids’ birthday parties keep getting more extravagant. Here’s how we let it happen.
(DBN)

____________

Food/Beverage:

Owner of Matt's Rancho Martinez chain seeks bankruptcy protection
(DBN)

Grimy East Village Dive Continental Has Filed for Bankruptcy
(DBN)

The Top 100 Restaurants In America, According To Yelp
(DBN)

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Non-Profits:

What's Next For Architecture For Humanity?
(DBN)

____________

Hockey:

NHL loses Arizona Coyotes bankruptcy decision
(DBN)

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Healthcare:

Gridlock at the hospital pushes deficit to more than $5 million
(DBN)

____________

Celebs:

Ryan Thomas doing bar work to settle tax bill?
(DBN)

____________

Bankruptcy Crimes:

Griffin guilty in restaurant equipment scheme
(DBN)

____________

Shipping:

Singapore Court of Appeal Overturns Decision on "Wrongful" Ship Arrest Over Unpaid Bunker Bill
(DBN)

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New Bankruptcy Opinions
(0 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (34 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

3 Stocks Nearing Bankruptcy
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

8th Circuit Appeals and BAP Courts' Recent Bankruptcy Decisions
(DBN)

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Professional Compensation:

River Road: A Cautionary Tale for Chapter 11 Financial Advisors
(DBN)

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Bankruptcy Reform:

ABI Chapter 11 Reform Commission Series: Venue and Core and Noncore Matters
(DBN)

Congressman Introduces Bill to Forgive Student Loan Debts during Bankruptcy
(DBN)

Let’s Not Just Create Jobs, Let’s Save Them, Too - SME companies are reportedly working to avoid chapter 11 filings at all costs
(DBN)

____________

Cross-Border:

Global Distress Signal: Developments in International and Cross-Border Insolvency
(DBN)

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Sales:

District Court Upholds Bankruptcy Court's Power to Enforce Section 363 Sale Order
(DBN)

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Indentures:

Two SDNY Decisions Hold that the Termination of a Parent Guarantee in an Out-of-Court Restructuring Violates Section 316(b) of the Trust Indenture Act
(DBN)

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Student Debt:

'Sugar Daddies' and Student Loan Debt
(DBN)

____________

Lehman:

Judge Approves Lehman Settlement With Pimco - Bond Firm Will Get a Fraction of What It Said It Was Owed by the Brokerage
(DBN)

Investor Protection in Lehman Brothers’ Insolvency Litigation
(DBN)

____________

Sovereigns:

Ukraine bond selloff intensifies; funds brace for restructuring
(DBN)

Ukraine begs IMF for more help as bankruptcy looms
(DBN)

EU to consider raising new Ukraine aid to 2.5 bln euros
(DBN)

____________

UK:

Alpari UK Administrator KPMG posts FAQs for clients and creditors
(DBN)

Will moving goal posts create a bankruptcy bonanza?
(DBN)

BOE's Carney says ECB steps "absolutely necessary" for prosperity
(DBN)

____________

EU:

European Central Bank announces huge stimulus program --- How the ECB’s Bond-Buying Could Lift the Eurozone Economy --- European Government Bond Yields Cratered After The ECB's QE Announcement --- Who Owns the Government Bonds the ECB Will Buy? --- Program Expected to Boost Commercial Real Estate Sales --- ECB and Draghi Say 'Go Big or Go Home' --- Draghi wins praise for bond-buying spree --- Everything You Need To Know
(DBN)

European Central Bank Expected to Spend 1 Trillion Euros on QE
(DBN)

Draghi’s version of QE has one major flaw --- A One Sentence Explanation Of Why European QE Will Come Up Short
(DBN)

German Officials at ECB Led Opposition to Draghi's QE --- Mario Draghi's QE blitz may save southern Europe, but at the risk of losing Germany
(DBN)

Eurozone bond yields hit record lows
(DBN)

The Owners Of European Sovereign Debt
(DBN)

European sovereign debt hypocrisy
(DBN)

____________

PIIGS:

Five must-knows about the Greek elections
(DBN)

Greek Stocks Surge 5% On ECB Stimulus Package
(DBN)

Greece's Syriza party widens lead as election looms, polls show --- Greek leftist widens poll lead, says to end 'humiliation' --- Radical Left outsiders promising end to austerity prepare for power in Greece
(DBN)

Top Economists Call For Greece To Get A Debt Write-Off Ahead Of Crucial Election
(DBN)

____________

Canada:

Why the Bank of Canada could cut rates again
(DBN)

Toronto, Vancouver Among Cities Seeing Falling Wages
(DBN)

Williams Moving and Storage filing for bankruptcy after 86 years
(DBN)

____________

Russia:

Ruble Colluding With Oil Brews Russian Toxic Loan Morass
(DBN)

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MENA:

What We Know About The New Saudi King
(DBN)

Libyan Militants Just Seized A Central Bank Branch With As Much As $100 Billion Inside
(DBN)

Middle East Millennials Say Their Biggest Challenge Is Finding A Job
(DBN)

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Ukraine:

Bankruptcy threatens crisis-torn Ukraine
(DBN)

Ukraine Just Lost A Crucial Airport To Russia-Backed Rebels
(DBN)

____________

China:

China's New Enterprise Bankruptcy Law — A Great Leap Forward, But Just How Far
(DBN)

Chinese factory gauge recovers lost ground on stimulus
(DBN)

The Reorganization Process Under China's Corporate Bankruptcy System
(DBN)

China’s civil servants to get 60% pay raise
(DBN)

China pumps billions in cash into banks in bid to accelerate growth
(DBN)

Chinese developer Kaisa in talks on possible asset sales-sources
(DBN)

In race for best economy, China handily beats Houston, London and other Western cities
(DBN)

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Venezuela:

Bonds slip, foes gripe at Venezuela's economic changes
(DBN)

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Brazil:

Impsa’s Brazil Bankruptcy Said to Delay $2 Billion Wind Parks
(DBN)

____________

Switzerland:

Smile Shows Lehman-Like Currency Jolt From SNB
(DBN)

Swiss face long hangover as ECB injects cash
(DBN)

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