January 9, 2015

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Orrick Opens Up The Coffers
(DBN)

Reed Smith Names New Bankruptcy Counsel In Paris, Names 24 Partners, 19 Counsel Worldwide --- Brice Mathieu
(DBN)

Law Schools in Bidding Wars for Students
(DBN)

Reinventing The Law Business: Which Is More Important To The Success Of A Law Firm, The Rainmaker Or The Service Partner?
(DBN)

What Drove This Supreme Court Clerk To Become A Stay-At-Home Dad?
(DBN)

Harvard law grad loses defamation suit over plagiarism rebuke on transcript
(DBN)

SmallLaw Vacation Policies
(DBN)

World's Top 10 Law Firms
(DBN)

US law firms grow in China practice, staff
(DBN)

UK Firm of the Year 2015: The view from the partners
(DBN)

Glamorous UK Lawyer of the Year 2014: The final
(DBN)

In-house lawyers slam fee-ramping firms and crap perks
(DBN)

Marketing a Law Firm As If It Were A Music Festival
(DBN)

10 Ways To Become Incredibly Charismatic
(DBN)

Bad Life Hacks
(DBN)

11 Manly Ways To Wear A Scarf
(DBN)

10 Things You Should Never Say To Your Boss
(DBN)

Officer takes drunk woman from jail, drives her to his house ‘to pursue a personal relationship’
(DBN)

Former FBI Director: There Is No Evidence That The NFL Saw The Ray Rice Video Before It Was Public --- Report Says N.F.L. Did Not Aggressively Pursue Ray Rice Case After Learning About Nature of It
(DBN)

Grisham’s Latest Is A Dull Read
(DBN)

60 Minutes’ Steve Kroft Confirms Affair With Lawyer: Report
(DBN)

Murder trial delayed for lawyer accused of using forged power of attorney as lethal weapon
(DBN)

After losing BigLaw jobs, ex-Skadden associates form own firm, join Dentons as partners
(DBN)

Saudi Arabia To Flog Blogger For Blasphemy On Friday, 1,000 Lashes
(DBN)

Bonkers law firm website: We're mad, we are
(DBN)

Police arrest couple for having s-- atop car at dealership
(DBN)

Ex-employee gets 4 years in $163K law firm theft
(DBN)

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Judges:

Overpunishment, Rationality, And Rakoff
(DBN)

Judge Who Presides Over Controversial S-- Offender Cases Kept a Gun in His Lap During Hearings
(DBN)

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Wall Street:

US stocks: Futures in the red ahead of jobs report
(DBN)

US stocks higher at close of trade
(DBN)

Goldman: Here Are The 40 Cheapest Stocks On The Market
(DBN)

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Layoffs:

J.C. Penney to Close 4% of Stores, Cut as Many as 2,250 Jobs
(DBN)

Coca-Cola to Cut Up to 1,800 Jobs to Pare Costs Amid Sales Slump --- Coca-Cola Cuts Jobs But Not Executive Bonuses
(DBN)

McDonald's Is Cutting Jobs At Its Headquarters
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Oil/Gas:

Oil holds as traders search for floor to rout; Brent above $50 --- US oil prices rise, but Brent falls
(DBN)

Friday: Oil Is Heading For A Seventh Weekly Loss
(DBN)

Thurs Afternoon: WTI crude, Brent oil futures turn negative in volatile trade
(DBN)

Mounting debt for energy firms as oil prices plummet
(DBN)

Oil companies face new risk: Bankruptcy !
(DBN)

Sequels elsewhere could follow oil drama
(DBN)

Sub-$50 Oil Has US Shale Producers Cutting Rigs Loose Early
(DBN)

US Shale Oil Revolution is in Danger
(DBN)

Driller Helmerich says rig prices down 10 percent
(DBN)

Entire Oil Complex Falls into Contango
(DBN)

Here's Where You'll Find All Of America's Oil And Gas Jobs
(DBN)

What Texas Learned from the Last Oil Bust
(DBN)

Investors buy into oil price dip --- Don't Bank on Rebound in Oil Prices --- The World's Biggest Oil Traders Are Now Storing Crude In Leased Supertankers
(DBN)

Oil Crisis More Dangerous Than Thought
(DBN)

The Plunge in Petroleum
(DBN)

Crude Ambition Crashes as Price Slump Exposes Risk Takers
(DBN)

Supply Side Of The Crude Oil Market: Part II
(DBN)

Here's What The Oil Decline Looks Like Compared To Past Crashes
(DBN)

Saudi Arabia Has Launched An Oil Price Offensive
(DBN)

The Big OPEC Members Are Fine With The Oil Crash, While Other Members Are Saying 'These Prices Are Killing Us'
(DBN)

As Saudi Arabia refuses to ride to the rescue, oil traders give up betting on how low prices can fall
(DBN)

Why oil will go even lower
(DBN)

OPEC Finds Everyone Else Guilty in Oil-Glut Blame Game
(DBN)

Five lessons from plunging oil prices
(DBN)

European banks and oil price exposure
(DBN)

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Healthcare:

Hundreds face off in San Jose over proposed sale of charity hospitals
(DBN)

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Distressed Investing:

McDermott, distressed debt pros launch debtstream sales & trading platform
(DBN)

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Fraud:

Jeweler on Trial to Recover Commission From Kim Rothstein
(DBN)

____________

Debt Collection:

ABA Reminder to Prosecutors: Owing Money Is Not A Crime
(DBN)

____________

Corporate Reform:

House Dems Defeat GOP Dodd-Frank Rollback Efforts
(DBN)

Justice Department Set to Tap Ex-FBI Lawyer as Fraud Chief
(DBN)

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Unclaimed Funds:

US court voids payout of unclaimed funds in BofA class action
(DBN)

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Forfeiture:

Government Seizures of Cars, Cash Prompt Calls for Reform
(DBN)

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Economy:

Jobless claims fall, suggests strong hiring
(DBN)

Goldman: Here's One Reason Why The Jobs Report Could Be Great, And Another Why It Could Be A Disappointment
(DBN)

Most of America’s rich think the poor have it easy
(DBN)

Where America’s Social Security benefits go, in four maps
(DBN)

Consumer Delinquencies Continue Decline in Third Quarter
(DBN)

Buying Power Of Your Dollar Over The Years
(DBN)

Stephen Roach: Fed Hasn't Learned Its Lesson
(DBN)

America's manufacturing renaissance that never was
(DBN)

The Most Entitled Generation Isn't Millennials
(DBN)

3 Signs World Economy is in Deep Trouble
(DBN)

Jeb Bush: Income Inequality Is Core Economic Problem
(DBN)

JPMorgan's Ultimate Guide To The Markets And The Economy
(DBN)

$1 In 1872 Is Worth $0.05 Today
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage rates hit 20-month low as 30-year loans fall to 3.73%
(DBN)

Obama announces plan that could save home buyers hundreds of dollars a year
(DBN)

Las Vegas Real Estate in December: Lowest Sales in Years, Non-contingent Inventory up 18% YoY
(DBN)

CoreLogic: "273,000 Residential Properties Regained Equity in Q3 2014"
(DBN)

13 Of The Most Unusual Homes For Sale Right Now
(DBN)

___________

Municipalities:

A few retirees still fighting Detroit bankruptcy plan --- Detroit retiree group vows to exhaust appeals process in bankruptcy
(DBN)

Creditors launch challenge to CalPERS in San Bernardino bankruptcy --- Luxembourg Bank Seeks Payment on San Bernardino's Bonds --- Pension bondholder sues San Bernardino --- Sued for favoring pensions over bondholders
(DBN)

Detroit mayor raves about city's resurgence during tour of auto show
(DBN)

Atlantic City approves budget cuts, rejects more state oversight
(DBN)

Financially Fit Cities: Where Keeping Up With These Joneses Is A Good Thing
(DBN)

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Food/Beverage:

ME: Burger King shuts its doors after owner files for bankruptcy
(DBN)

HomeMade Pizza files for bankruptcy ; owes $11.2 million
(DBN)

The Most Sought-After Bottles Of Liquor In 2014
(DBN)

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Retailing:

J.C. Penney to close 40 stores in 2015 --- See If Your Hometown JC Penney Is Closing
(DBN)

Macy's Is Shutting Down 14 Stores And Cutting Jobs
(DBN)

Wet Seal may be too late to stave off bankruptcy --- Retailer Wet Seal could seek bankruptcy protection next week
(DBN)

Teen retailer Wet Seal hires restructuring lawyers
(DBN)

Barnes & Noble has better-than-expected holiday
(DBN)

Real Estate Costs Part of Wet Seal's Burden
(DBN)

Retailers’ ‘strong’ sales figures exaggerated by low expectations
(DBN)

____________

Autos:

GM Says Booming U.S. Auto Industry Still Has Room To Grow
(DBN)

____________

Politics:

What We Think We Know: Why many Americans hold false beliefs about WMDs in Iraq and Obama's birth place
(DBN)

Obama And Mitch McConnell Are Preparing For A Bunch Of Showdowns
(DBN)

____________

Personal Finance:

10 Money-Saving Resolutions You Can Actually Keep
(DBN)

Economists Explain Why Tall People Make More Money
(DBN)

How To Answer The Tricky Interview Question, ‘Where Do You See Yourself In 5 Years?’
(DBN)

____________

Gambling:

Judge rules in favor of buyer in key aspect of Revel Casino sale
(DBN)

Revel buyer plans water park for former casino property
(DBN)

Caesars Getting More Support from Pro-Bankruptcy Creditors
(DBN)

Caesars Wins More Bankruptcy Support Through BlackRock Bond Sale
(DBN)

Caesars nears threshold for creditor agreement on bankruptcy plan
(DBN)

____________

Politics:

What Elizabeth Warren would say in her stump speech — if she runs for president
(DBN)

Elizabeth Warren is worth millions
(DBN)

____________

Celebs:

Teresa Giudice may be sprung from jail two months early
(DBN)

Samuel Wyly’s bankruptcy judge approves sale of Aspen’s Explore Booksellers
(DBN)

More Bill Cosby Accusers Come Forward
(DBN)

____________

Environmental:

FBI: Freedom executives “long aware” of chemical containment problems --- 3 executives charged in W.Va. chem spill plead not guilty
(DBN)

Executives plead not guilty over West Virginia chemical spill
(DBN)

____________

Fashion:

Uh-Oh! Is American Apparel Running Short of Cash?
(DBN)

____________

Accounting:

9 Predictions for What Your World Just Might Look Like in 2025: "Drastic corporate restructuring"?
(DBN)

____________

Religion:

How JPMorgan Robbed a Church
(DBN)

____________

Banking:

Top Bankers in Europe Making Big Bonuses, According to Latest Data
(DBN)

____________

Shipping:

OW Bunker Issues Warrant for COSCO Ship Over Unpaid Bunkers
(DBN)

____________

Education:

Obama to propose two free years of community college for students
(DBN)

____________

Weather:

TV Reporter Suffers Severe Frostbite After Attempting Live Report
(DBN)

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New Bankruptcy Opinions
(2 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 (8 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 Count Lowest Ever. Uptick Anticipated - Health Care Filings Lead Count
(DBN)

Bankruptcies Down 12% in 2014, Forecast Predicts the Same Decline for 2015
(DBN)

NM bankruptcy filings drop 11.5 percent last year
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Corporate Governance:

Appointment Of Independent Directors On The Eve Of Bankruptcy: Why The Growing Trend?
(DBN)

____________

Bankruptcy Reform:

ABI Chapter 11 Reform Commission Series: Oversight of the Case (Part I)
(DBN)

An Unnecessary Chapter 11 Overhaul
(DBN)

ABI Commission Report on Chapter 11 Reforms—More Hope in Sight for the Little Guy?
(DBN)

Are ABI's Bankruptcy recommendations too debtor friendly?
(DBN)

____________

Good Faith:

Bankruptcy Court Slaps Down Chapter 11 Filing Used as a Litigation Tactic
(DBN)

____________

Leases:

It’s Not Purdy, But It’s Not A Per Se Security Agreement
(DBN)

____________

Avoidance Actions:

Tronox: Lessons for Buyers on Disproving Actual Fraud
(DBN)

____________

IP:

A “Crumby” Decision Confuses Trademark Law for Rejected Licenses in Chapter 11 Cases
(DBN)

____________

Recent Pleadings:

Bondholders, Insurer Sue Over San Bernardino's Plan to Prefer CALPERS
(DBN)

______________

Insurance:

D&O Insurance: No Coverage for Enforcement Action Because Claim First Made When SEC Subpoena Served Before Policy Inception
(DBN)

____________

Litigation:

Should You Tap Litigation Finance for Lawsuits
(DBN)

____________

Sovereigns:

Ha! You Thought Argentina Would Negotiate
(DBN)

____________

UK:

UK Data Protection Guide for Insolvency Practitioners
(DBN)

The Collapse Of UK Manufacturing Is Astonishing
(DBN)

An inquiry into the collapse of City Link could go-ahead
(DBN)

Tesco store closures herald broader property overhaul
(DBN)

HMRC dispute sparked Forum Law failure
(DBN)

____________

EU:

Stiglitz: 'The Issue Is Not Greece. It Is Europe.'
(DBN)

Europe Is Under Siege
(DBN)

Deflation is back, and markets are freaking out
(DBN)

Cyprus Air could shut if EU rules it illegally got aid - minister
(DBN)

Euro near 1999 level in losing streak
(DBN)

____________

PIIGS:

Distressed Debt Strategies Tested In Spain As Creditors Spar With Carlos Slim's FCC
(DBN)

____________

Canada:

U. S. Steel on brink of bankruptcy
(DBN)

Deutsche Bank: 'Canada Is In Serious Trouble'
(DBN)

____________

France:

Several Attacks Against France Mosques Since Magazine Killings
(DBN)

French Corner Paris Terror Suspects --- Hostage Taken North of Paris During Manhunt for Killers --- Cornered Charlie Hebdo terror suspects vow to die as martyrs
(DBN)

12 powerful political cartoons responding to the Charlie Hebdo attack
(DBN)

____________

Russia:

Merkel: no end to Russia sanctions if Minsk agreement not met
(DBN)

____________

China:

Kaisa Group Appears To Default On Offshore Bond Debt After Defaulting On HSBC Loan
(DBN)

Kaisa Bondholders Are Dreaming of White Knight While Default Becomes Reality
(DBN)

____________

Bulgaria:

Bulgarian regulator to fine KPMG over Corpbank audit
(DBN)

____________

Ukraine:

EU's Juncker announces new €1.8b in Ukraine aid
(DBN)

Soros: EU Must Bail Out Ukraine
(DBN)

Ukraine facing deep economic crisis
(DBN)

____________

Venezuela:

China agrees to invest $20bn in Venezuela to help offset effects of oil price slump
(DBN)

Venezuela’s bizarre response to McDonald’s running out of french fries
(DBN)

____________

MENA:

Dubai's Limitless seeks more time after missed debt talks deadline
(DBN)

Libya: The Next Failed State
(DBN)

____________

Hong Kong:

Cross-border Restructuring in Hong Kong: Jurisdiction to Sanction Schemes for Insolvent Foreign Debtors
(DBN)

____________

Australia:

AU: Personal bankruptcies fall in December qtr
(DBN)

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