January 6, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Nelson Mullins Nabs Wiley Rein Bankruptcy Group --- Wiley Rein Bankruptcy Team Lands at Nelson Mullins --- Nelson Mullins Expands Bankruptcy Practice with the Addition of Three Experienced Partners
(DBN)

LeClairRyan Adds Bankruptcy Litigation Partner In Sacramento
(DBN)

Burr & Forman Adds Two Bankruptcy Partners In Nashville --- Burr & Forman makes big expansion play in Nashville
(DBN)

Gibbons Promotes New Bankruptcy Director In Wilmington
(DBN)

Alston & Bird Names New Bankruptcy Partner
(DBN)

Morrison & Foerster Elects New Bankruptcy Partner
(DBN)

Hogan Lovells Names New Bankruptcy Partner
(DBN)

Morrison Cohen Announces New Bankruptcy Partner
(DBN)

Burr & Forman Elevates Atlanta Bankruptcy Attorney To Partnership
(DBN)

Haynes and Boone Presents Largest Class of New Partners in Its History
(DBN)

Sedgwick Fighting for Dismissal of Malpractice Claims Arising From Ponzi Scheme
(DBN)

Billable hour rates rise, but who’s paying full price?
(DBN)

Law firms warned on over-optimistic pay in 2015
(DBN)

Size of the US Legal Market by Type of Client
(DBN)

Predictions: 3 For 3 In ’14; ’15, Here I Come!
(DBN)

Business of Law
(DBN)

43 and Counting as Lateral Moves Start to Mount: Business of Law
(DBN)

LawProse: Legalese
(DBN)

3 Jealousy-Provoking Lawyers from the Forbes 30-Under-30 List
(DBN)

New Year’s Resolution (A Suggestion)
(DBN)

Study: Law School's Practice-Ready Program Produced Better Grads
(DBN)

The 22 Websites Every Modern Gentleman Should Bookmark
(DBN)

The 14 Biggest Fashion Mistakes That Men Make
(DBN)

25 Life Hacks For The Modern Gentleman
(DBN)

How Much Coffee Can You Safely Drink?
(DBN)

Virtru Makes Email Encryption Easy, In Either Outlook or Webmail
(DBN)

Irritating Behaviors That Will Ruin Your Career
(DBN)

Ferguson Grand Juror in Michael Brown Case Sues to Go Public
(DBN)

Lawyer convicted of stealing money meant for his employees’ retirement accounts
(DBN)

ATL Holiday Card Contest: The Winner!
(DBN)

Judge accepts defendant’s Nike sneakers instead of cash bail
(DBN)

Alan Dershowitz Fights Back Against Allegations Of Relations With A Minor --- A Second Look At The Allegations Against Alan Dershowitz
(DBN)

Billionaire S-- Offender's Phone Book Contained E-Mail Addresses, 21 Phone Numbers For Bill Clinton
(DBN)

FBI Says Doesn't Need Warrant to Spy on Cell Phones In Public
(DBN)

Off-duty Ky. cop accidentally shoots himself in stomach during dinner date with wife
(DBN)

Why the NYPD Turned It's Back on the City
(DBN)

Lawyer Films Crazy Commercial With Talking S-- Doll
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

______________

Judges:

Federal Bankruptcy Judge Warren Bentz Passes Away
(DBN)

“Afterword: Posner at 75 — ‘It’s My Job.'”
(DBN)

Charged in cop assault, man slapped security officer at courthouse en route to hearing, sheriff says
(DBN)

Judicial Humor
(DBN)

Which Supreme Court Justice Was Called A ‘Bitch’ During Law School?
(DBN)

19 Years Later, Article by Kagan Echoes at the Supreme Court
(DBN)

______________

Wall Street:

US stocks: Futures fall as oil prices plunge again
(DBN)

Dow plunges 300 points as oil falls below $50 --- Markets Plunge as Oil Dips Below $50; Euro Drops on Greece
(DBN)

Fired Morgan Stanley Worker Didn't Try to Sell Data, Lawyer Says
(DBN)

JPMorgan Worth More In Pieces? Goldman Analysts Think Breakup Makes Sense
(DBN)

______________

Layoffs:

Criminal Records Could Be Having A Huge Impact On Labor-Force Participation
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________


Economy:

Fed's Williams: Rate hikes should be gradual because economy still needs help
(DBN)

Fed might not raise rates in 2015: Bill Gross
(DBN)

The American Dream Is Dying
(DBN)

Gallup Poll: Consumer Spending Remained Steady in December Despite Holiday Shopping --- Consumer spending hits six year high in December
(DBN)

1/1000 Of The US Now Controls More Than 1/5 Of The Wealth
(DBN)

Thomas Piketty Offered Legion Of Honor, Does Exactly What You’d Expect Him To Do With It
(DBN)

The U.S. is about as unequal today as the U.K. was during Downton Abbey
(DBN)

How Krugman was wrong on Obama recovery
(DBN)

Nearly half of Americans didn’t take a vacation day in 2014
(DBN)

U.S. Light Vehicle Sales decrease to 16.8 million annual rate in December
(DBN)

In 10 years, your job probably won’t exist. Here’s how to make sure you’re still employable
(DBN)

Twentysomethings: Barely Saving, but Surprisingly Confident
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

SunTrust Falls Most Since October on Mortgage-Related Legal Cost
(DBN)

Office Vacancy Rate Continues to Decline
(DBN)

Here’s how the top 5 housing markets look going into 2015
(DBN)

The six housing market archetypes you’ll see in 2015
(DBN)

Lender agrees to pay $4.2 million for post-crash mortgage fraud
(DBN)

Florida’s foreclosure crisis far from over
(DBN)

This Bronx landlord cannot remove a stranger from her house
(DBN)

Office Vacancy Rate declined in Q4 to 16.7%
(DBN)

____________

Municipalities:

How Jefferson County's $30 million legal tab for bankruptcy may now seem like a bargain
(DBN)

Bankruptcy counsel for Central Coventry Fire District outlines sweeping changes in finances
(DBN)

Detroit Institute Of Arts Reaches $100M Grand Bargain Goal
(DBN)

____________

Gambling:

Judge Approves Sale of Revel Casino for $95.4 Million - Florida Developer Straub Is Named Winning Bidder But Wants to Pay $87 Million, Vows Appeal --- Runner-up bidder wins Revel casino but rejects deal
(DBN)

Judge approves sale to backup bidder
(DBN)

Caesars Swaps Ruling Heads to Arbitration Panel, ISDA Says
(DBN)

How Caesars Entertainment Became the Worst Bet in the Gaming Industry
(DBN)

____________

Oil/Gas:

WTI Falls Below $50 a Barrel First Time in 5 1/2 Years
(DBN)

As Oil Drops Below $50, Can There Be Too Much of a Good Thing?
(DBN)

How Low Can Oil Go? --- Oil Analyst: $33 Oil Wouldn't Surprise Me
(DBN)

Will Oil Continue to Fuel the Jobs Market?
(DBN)

Flurry of Pink Slips Expected in Texas Oil Patch
(DBN)

2014: The Year Fracking Broke OPEC's Grip on Your Wallet
(DBN)

Some bearish traders now betting on $20-a-barrel oil
(DBN)

Plunging oil will pain these people most
(DBN)

Oil to hit $70 this quarter: Analyst
(DBN)

These Five Issues Will Impact Oil Prices in 2015
(DBN)

Oilfield Writedowns Loom as Market Collapse Guts Drilling Values
(DBN)

Sheiks vs. Shale: the Future of OPEC
(DBN)

Saudis Slash Oil Prices to EU Buyers
(DBN)

The Number Of US Oil Rigs In Operation Just Fell Again
(DBN)

The Breakeven Oil Prices For Every Drilling Project In The World
(DBN)

Oil Below $60 Tests Economics of U.S. Shale Boom
(DBN)

Oil prices at $50: Why a barrel of crude costs less than a pair of shoes
(DBN)

SandRidge Energy Inc. Takes Another 10% Dive on as Oil Prices Drop Again
(DBN)

Why Falling Oil Prices Don't Hurt Demand For Renewable Energy
(DBN)

As oil breaks $50, Wall Street getting more bearish
(DBN)

____________

Currency:

Possible hack at major bitcoin exchange
(DBN)

____________

Retailing:

January Usually Means Bankruptcy in Retail
(DBN)

Wet Seal Employees Post A Brutal Sign In A Dying Store To Protest Management
(DBN)

Teen Retailers in Trouble as Malls Lose Luster
(DBN)

Radio Shack Bankruptcy Watch Vii: Recommended Reading On the Role of Credit Default Swaps in this Serial Drama
(DBN)

____________

Financial Privacy:

A Morgan Stanley Employee Stole And Posted Data On 900 Clients
(DBN)

____________

Politics:

House Dems set to unveil alternative agenda
(DBN)

____________

Telecoms:

LightSquared Offers Restructuring Backers $200 Million Breakup Fee
(DBN)

____________

Taxis:

How One 24-Year-Old Got $50,000 In Free Uber Rides By Duping Uber's Promo-Code System
(DBN)

Is Uber's Surge Pricing Even Ethical?
(DBN)

____________

Fraud:

Ponzi victims seek to question Madoff before it's too late
(DBN)

Three former law partners – Rothstein Rosenfeldt and Adler – are all behind bars and disbarred
(DBN)

____________

Coins:

Out of his castle, coin dealer Yaffe moves to "small'' $1.3 million house
(DBN)

____________

Healthcare:

CA attorney general's office to hold hearings over Prime, Daughters of Charity - CEO: "Hospitals continue to lose money and are in danger of closing or filing for bankruptcy"
(DBN)

Harvard professors freak out about getting slightly-less excellent health insurance
(DBN)

____________

Theme Parks:

Conneaut Lake Park heads to bankruptcy court today
(DBN)

____________


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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (13 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:

Bankruptcies dropped 13.3% in WNY in 2014
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Bankruptcy Reform:

ABI publishes its review of US Chapter 11 bankruptcy
(DBN)

____________

Professional Compensation:

Ninth Circuit Affirms Bankruptcy Court's $10.1 Million Attorney Fee Award
(DBN)

____________

Anti-Bankruptcy Strategies:

Even the “Cleverly Insidious” Lender Cannot Prevent its Borrower from Filing Bankruptcy
(DBN)

____________

Finance:

Redemption Option Value: Broad Implications for Secured Lenders
(DBN)

____________

TBTF:

Is Citi The Next AIG?
(DBN)

____________

Celebs:

Teresa Giudice of 'RHONY' starts 15-month prison sentence --- 'Real Housewives' Star Teresa Giudice Reports To Same Prison As Hill, Helmsley --- Cringey Teresa Giudice Fans Are Making Her Jail Term All About Them --- The Hair Extensions Teresa Giudice Surrendered To Prison
(DBN)

Dershowitz denies involvement with minor, wants disbarment for her lawyers
(DBN)

____________

Mass Torts:

Philly asbestos firm fighting to have RICO suit against it moved out of North Carolina
(DBN)

Lac-Megantic tragedy: $9M for lawyers, nothing for relatives yet
(DBN)

U.S. Insurers Still Funding Asbestos, Environmental Liabilities: A.M. Best
(DBN)

____________

Religion:

Is the Diocese of Gallup New Disclosure Just Bankruptcy Protection?
(DBN)

____________

Corporate Reform:

JPMorgan settles currency manipulation lawsuit in US
(DBN)

For JPMorgan, breaking up could be hard to do
(DBN)

Nobel Laureate Stiglitz Blocked From SEC Panel After Faulting High-Speed Traders
(DBN)

____________

Currency:

Exchange: Lost 'less than' $5.1M of bitcoin
(DBN)

Bitcoin exchange Bitstamp suspends service after security breach
(DBN)

____________

Tax:

IRS Scandal: No Christmas Pony for Issa
(DBN)

____________

Environmental:

Conflict of Interest Arguments Heard in Freedom Case
(DBN)

____________

Personal Finance:

How to ask people nicely for money they owe you
(DBN)

7 Legal Ways to Squeeze More Aid From the FAFSA
(DBN)

____________

Autos:

Automakers are grinning as they close the books in US and Canada
(DBN)

Fiat Chrysler, Nissan, Honda US Sales Rise to End Strong Year --- GM And Chrysler Sales Surge
(DBN)

____________

Sovereigns:

Hello 2015: Trouble for Venezuela and Argentina
(DBN)

New Year Won't End Argentina Bond Mess
(DBN)

____________

UK:

How To Get Cheap iPhones And Game Consoles From Bankrupt Phones 4U
(DBN)

British banks to outline plans to protect ordinary customers
(DBN)

The BADAS Act brings major changes to bankruptcy law in Scotland
(DBN)

City Link administrators sell off £1.125m of assets
(DBN)

____________

EU:

Euro's Early Dive Means Forecasters May Get It Wrong Again in 2015
(DBN)

Europe's blue-chip shares take biggest one-day tumble in 3 years
(DBN)

Falling Euro Fans Fears of a Regional Slowdown
(DBN)

Draghi Girds for Risk of Deflation With His Finger on the Bond-Buying Button
(DBN)

German Inflation, Weakest Since 2009, Raises Pressure on ECB
(DBN)

European Stocks Decline for Third Day as Energy Companies Fall
(DBN)

Euro Area Menaced by Relapse Threat as ECB Weighs Stimulus
(DBN)

Eurozone private-sector growth slower than expected
(DBN)

____________

PIIGS:

Greek Stocks Are Getting Hammered Again --- German Bank Exposure To Greece Around $28 Billion --- France: It's up to Greece to decide whether to leave euro --- Greek vote will supply shock, but not awe
(DBN)

Fear the Grexit --- More bark than bite: the 'Grexit' debate --- 'Grexit' Is Back: A Greek Exit From the Euro Raises Fears of Fiscal Contagion --- Why Europe Still Can’t Afford a Greek Exit
(DBN)

The stocks to buy if Greek crisis hits the U.S. market
(DBN)

France and Germany Push Athens on Bailout Commitments
(DBN)

____________

Canada:

Rare Substantive Consolidation Order Issued by Ontario Court
(DBN)

____________

Russia:

29-Year-Old Russian Hedge Fund Founder Disappears With All The Firm's Money
(DBN)

The Collapsing Ruble Is Creating Food Shortages
(DBN)

____________

Poland:

Bankruptcy fears for Poland’s credit unions
(DBN)

____________

Australia:

Rockwell Olivier enters administration
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news sto ries in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2014