January 29, 2015

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Half-Davis Bonuses Make For Unhappy Campers
(DBN)

alt.legal: The New Law Firm Taxonomy, And One That’s Doin’ It Well
(DBN)

Business of Law
(DBN)

Why Mega Firms Will Win
(DBN)

Best and Brightest?
(DBN)

Musical Chairs: Differing Views On A Prominent Partner’s Move
(DBN)

Hell Hath No Fury Like a Lawyer Scorned
(DBN)

Freshfields to pay £1bn to retired partners over next 50 years
(DBN)

Why Solo Practitioners And Small Firms Pay So Little To Their Associates
(DBN)

Contractor At Root Of ‘Discovery Debacle’
(DBN)

Loretta Lynch Puts On Master Class During Confirmation Hearing?
(DBN)

Judge finds attorney lacked 'good faith' in bankruptcy
(DBN)

Texas Firm, Florida Lawyer, Point Fingers in Legal Mal Suit Over Failed Lien Perfection
(DBN)

Students Allege Women Drugged At Off-Campus Law School Parties
(DBN)

Here's What The iPhone 7 Might Look Like --- Here's Why No One Can Beat The iPhone
(DBN)

Why Tim Cook Thinks The iPad Has Tons Of Room To Grow In Businesses
(DBN)

Boston lawyer develops iPad apps on the side
(DBN)

How Effective Is A General Law Blog For The Entire Law Firm?
(DBN)

Sheldon Silver and the Lawyers of New York --- Law firm Weitz & Luxenberg cuts ties with Sheldon Silver --- Sheldon Silver's downfall exposes corruption in Albany --- A Sheldon Silver Mystery: Did He Betray New York Renters?
(DBN)

Everything You Should Know About 'Better Call Saul'
(DBN)

Alleged g------ photo leads to suspension for Oklahoma lawyer
(DBN)

Bergdahl to be Charged, but Serve No Time
(DBN)

Aaron Hernandez Trial for 2013 Murder Kicks Off in R.I. Thursday
(DBN)

Say What?!
(DBN)

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Judges:

Alabama chief justice: Federal ruling on gay marriage doesn’t bind state judges --- Can Alabama Judges Defy Federal Court on Gay Marriage?
(DBN)

First Amendment Rights of Judges in the Spotlight
(DBN)

Cellphone spat at federal bankruptcy courthouse leads to 2-year prison term
(DBN)

Justices May Release Foley Partner's Response in Sanctions Case
(DBN)

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Wall Street:

Stock futures up as markets look for a win
(DBN)

Stocks fall after Fed statement, oil drop
(DBN)

Morgan Stanley: These Are The 9 Best Stocks In America Right Now
(DBN)

Wall Street bears warn: We're on verge of crisis
(DBN)

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Layoffs:

IBM Employees Say That Layoffs Have Begun
(DBN)

Citrix to eliminate 900 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Rating Agencies:

S&P near $1.37 billion settlement of crisis-era suits
(DBN)

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Mass Torts:

Senators urge GM to extend ignition fund deadline --- GM Rejects Senators’ Plea
(DBN)

FACT Act Favors Asbestos Industry Over Justice, Public Health
(DBN)

Top NY lawmaker prosecuted over $3M asbestos-case referral fees exits speaker post and law firm role
(DBN)

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Gambling:

Harsh Words for Caesars in Court
(DBN)

Caesars' gets its Chicago bankruptcy in win for Apollo --- Judge Says Bankruptcy of Caesars Unit Can Proceed in Chicago --- Caesars Wins Fight Over Venue for Casino Unit in Bankruptcy
(DBN)

Lawyers says Caesars' refinancing in trouble
(DBN)

Bankruptcy judge approves financing for Trump Entertainment
(DBN)

Trump Entertainment Wins Approval to Seek Vote on Icahn Plan
(DBN)

Former Revel casino gets big tax break for 2015; assessment lowered from $625M to $225M
(DBN)

Creditors Seek to Sue Icahn Over Trump Entertainment Cash
(DBN)

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Politics:

Hillary Clinton vs. Elizabeth Warren Could Be a Dream Match, for Republicans
(DBN)

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Lehman:

Lehman Trustee Seeks to Pay Another $2.2 Billion
(DBN)

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Autos:

Amendment would help Delphi retirees obtain health coverage
(DBN)

42% of Fiat Chrysler workers make lower wages
(DBN)

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Tech:

Lesson Learned: How An Apple Contractor Went Bankrupt
(DBN)

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Defaults:

Fitch: US high-yield default rate ended 2014 at 2.4%
(DBN)

Repeat Debt-Default Rates Increase After Recession, Moody’s Says
(DBN)

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Celebs:

Beware Celebrities Hawking Financial Advice
(DBN)

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Aviation:

Bankrupt Skymark begins search for sponsors
(DBN)

Nomura to Weigh Business Opportunities From Skymark Bankruptcy
(DBN)

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Food/Beverage:

McDonald's CEO steps aside, stock jumps
(DBN)

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Economy:

Fed Stays Patient on Rates Amid Strong Job Gains, Low Inflation --- 7 Takeaways From the January Fed Statement: ‘The Committee Judges That It Can Be Patient’ --- Economists React to the January Fed Statement: ‘The Door is Still Open to a June Hike’ --- Parsing the Fed: How the Statement Changed --- Full Text of the Fed’s Statement
(DBN)

Fed upbeat on US economy, cites strong job gains
(DBN)

Another Plunging Economic Indicator: The Fed Yammering Index
(DBN)

Where There’s Already Faster U.S. Wage Growth
(DBN)

One in five US children now rely on food stamps
(DBN)

US Corporations in Great Financial Shape
(DBN)

Revenge of the Upper Middle Class
(DBN)

Millionaires Worried About Inequality
(DBN)

There's A Gender Pay Gap At Every Age, And It Only Gets Worse As Workers Get Older
(DBN)

The Last Boomer Turns 50
(DBN)

$1 Trillion for Infrastructure: No Money
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

7 Million Foreclosed Could Return to Market
(DBN)

Fitch warns Ocwen-related RMBS deals face major downgrade
(DBN)

Nomura fighting back against FHFA toxic mortgage lawsuit
(DBN)

Judge rules Fannie, Freddie lawsuits can continue
(DBN)

Detroiters to see property assessments drop by up to 20%
(DBN)

MO: College Suites auction halted
(DBN)

Westport parcels sell for $6 million
(DBN)

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Municipalities:

Orr: Detroit's financial issues far from over
(DBN)

Squatters slow Detroit's plan to bulldoze way to prosperity
(DBN)

Is the Great Lakes Water Authority in trouble?
(DBN)

Atlantic City Changing $12 Million Note Sale to Negotiated
(DBN)

Is Atlantic City the Next Detroit?
(DBN)

Chapter 9 Petitions Dismissed for Lack of Good Faith
(DBN)

Former Sugar Land mayor vanishes leaving Joplin, Mo. in shock --- City of Amarillo Cuts Ties with Mysterious, Missing Developer
(DBN)

Which States Have the Most Unwanted Babies?
(DBN)

The States of Our Union ... Are Not All Strong
(DBN)

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Pensions:

Teacher pensions: The math adds up to a crisis
(DBN)

Thanks to Congress, these pension plans could severely cut retiree benefits
(DBN)

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Oil/Gas:

Thurs. A.M.: Oil Trades Near Six-Year Low With U.S. Supply Highest Since 1982
(DBN)

Weds. P.M.: Crude Oil Is Getting Hammered
(DBN)

Barclays, Goldman forecast bearish first half for oil prices
(DBN)

Addressing oil and gas loan defaults: options and consequences
(DBN)

The Best Kept Secret In US Shale
(DBN)

Oil price slump set to hit oil majors
(DBN)

Carrizo Oil & Gas to cut drilling budget by 35 percent
(DBN)

Transit Agencies Brace for Low Gas Prices to Siphon Away Riders
(DBN)

California Oil County Declares Fiscal Emergency as Crude Tumbles
(DBN)

WSJ Experts Discuss the Chaos in Oil Markets
(DBN)

Shell profit rises as company resists oil slump
(DBN)

How low gas prices might literally kill you
(DBN)

BP cuts jobs in Houston as it trims Gulf of Mexico business
(DBN)

Economist: why today’s energy slump will be different from the ’80s
(DBN)

Houston apartment outlook not as rosy as oil price tumbles
(DBN)

Oil firms fall in London
(DBN)

Oil Crash Leaves Renewable Energy Shaken but Unbowed
(DBN)

Both Sides in Keystone XL Debate Bending the Facts
(DBN)

The Obama Oil Boom
(DBN)

____________

Forex:

Currency Broker FXCM Is Bailing Out Mom And Pop
(DBN)

____________

Healthcare:

Jury picked in trial of former administrators at West Side hospital
(DBN)

Bill allows lease of Attala hospital, borrowing to pay debt
(DBN)

Court Says Directors Liable for Poorly Managed Companies
(DBN)

Layoffs at St. James Mercy Hospital
(DBN)

Millions Owe Obamacare Tax Penalty
(DBN)

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Retailing:

SkyMall May Fly Again After Potential Buyout --- Shark Tank contestant may save SkyMall --- Judge Says SkyMall Can Stay Open Online Pending Sale
(DBN)

Revenge Retail Gone Awry? Tory Burch's Ex-Husband Describes C. Wonder's Fall
(DBN)

Radio Shack Bankruptcy Watch: Stiffing Landlords, Husbanding Cash, and Separating Sheep From Goats
(DBN)

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Newspapers:

Judge approves sale of Rome News-Tribune
(DBN)

____________

Mining:

Freeport McMoran bloodied after $2.9B loss, $2B capital cut
(DBN)

____________

Hockey:

Glendale lost $1.8M on Coyotes arena deal, could grow to $8.8M
(DBN)

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Asset Protection:

Lenders Beware! Notice Of The Borrower's Trust Planning Can Start A Statute of Limitations Running
(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 (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

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Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Year in Review: U.S. Bankruptcy and Restructuring Matters
(DBN)

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Jurisdiction:

Stern v. Marshall: A "Narrow" Decision Still Causing Jurisdictional Mayhem Three Years Later
(DBN)

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Professional Compensation:

Judge Denies Request for $2.4M Fee Increase in Fisker Bankruptcy
(DBN)

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Bankruptcy Reform:

ABI Chapter 11 Reform Commission Series: Small and Medium Sized Debtor Enterprises
(DBN)

Are U.S. bankruptcy laws in need of reform? Yes, according to the ABI Reform Commission
(DBN)

The ABI Commission Report: Is a Major Overhaul of Chapter 11 Coming?
(DBN)

Deflate Gate and Bankruptcy Reform
(DBN)

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Plan Confirmation:

Think Twice Before Entering into a Pre-Filing Restructuring Support Agreement
(DBN)

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Bonds:

Expansive Trust Indenture Act Interpretation May Negatively Affect Bond Restructurings
(DBN)

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Claims Trading:

Are Secured Claim Purchasers Under Attack?
(DBN)

____________

IP:

Trademark Licensees May be Afforded Special Protections in the Licensor's Bankruptcy
(DBN)

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Cross-Border:

Review of the Chapter 15 Cases in 2014: Relief Available to a Foreign Representative
(DBN)

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Insurance:

Ninth Circuit Finds Breach of Fiduciary Duty Claim Seeks Damages, Not Restitution
(DBN)

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Sovereigns:

A Question of Behavior: Foreign Sovereign Debt Restructuring Before US Courts
(DBN)

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UK:

Personal insolvencies fall to lowest level for 10 years --- Q4 2014 insolvency statistics – R3 comments --- Baker Tilly responds to latest personal insolvency figures
(DBN)

One Bankruptcy Typo Brought Down A 124-Year-Old Company
(DBN)

Here Are The 43 Tesco Stores That Will Be Shut Down To Cut Costs
(DBN)

Sterne Agee hires Inna Zhuranskaya as MD sourcing high yield and distressed debt
(DBN)

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EU:

Carney: Eurozone needs fiscal risk-sharing to recover
(DBN)

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PIIGS:

S&P To Greece: We're Watching You --- EU Official To Greece: 'Respect The Rest Of Europe' --- Greek borrowing costs at highest since 2013
(DBN)

Greek PM Tsipras freezes privatisations, markets tumble --- Prime Minister Promises Greek "Ordinary People" Stimulus; Market Tanks
(DBN)

Greek Markets Buckle
(DBN)

Greek health crisis among many battles Syriza faces
(DBN)

The Greek end-game
(DBN)

How Investors in the United States Should Think About the Events in Greece
(DBN)

____________

Canada:

Coast's largest builder files for bankruptcy
(DBN)

US Steel expects hit from high dollar, low oil
(DBN)

____________

China:

China's 'Long-Awaited Day Of Reckoning' Is Almost Here
(DBN)

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Brazil:

Surreal Day For Brazil
(DBN)

____________

Russia:

Russia's Central Bank Is Encouraging Banks To Accept Losses As Crisis Deepens
(DBN)

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Japan:

Cash-strapped Skymark files for court protection
(DBN)

____________

MENA:

UAE insolvency law closer to reality
(DBN)

Dubai urged to relax bankruptcy , bounced cheque rules
(DBN)

____________

Ukraine:

Ukraine appoints Lazard as restructuring adviser
(DBN)

Putin goes all in as Ukraine chases funding to avert default
(DBN)

One Of The World's Best Bond Managers Has Lost £1.98 Billion In A Huge Gamble On Ukraine's Future
(DBN)

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