July 14, 2015

The Daily Bankruptcy News

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Law:

Dewey executives cooked books, ex-finance director says at trial • Dewey & LeBoeuf Finance Director Testifies About CFO's Actions
(DBN)

Bankruptcy Lawyer: Quitting Someone Else’s Dream
(DBN)

New NYC Office Brings Advantages, Says Kaye Scholer Co-Chair
(DBN)

Reality TV Star Quits Law Firm In Epic Fashion
(DBN)

New Study Tries to Predict Law School Grades
(DBN)

Judge grants subpoena request for Gibson Dunn interview notes for report exonerating Chris Christie
(DBN)

Suit by former Glock general counsel claims outside lawyers, company founder tried to ruin him
(DBN)

Paid $650K in bonuses, 2 lawyers formed new firm and ‘wiped out’ senior lawyer, suit says
(DBN)

12 things to ask your boss for — instead of money
(DBN)

Lawyer Arrested With A Whole Lot Of Cocaine Hidden In A Very Uncomfortable Place
(DBN)

The 2 best features coming to the iPad
(DBN)

Here's the problem with companies that allow employees to BYOD - 'bring your own devices'
(DBN)

Here's why people work like crazy, even when they already have everything they need
(DBN)

Son of Boston Police Captain Arrested as Possible Terrorist
(DBN)

‘Backlash is beginning': Miles-long convoy of Confederate flag supporters rally in Florida • Confederate Madness Then and Now
(DBN)

Eric Holder, Wall Street Double Agent, Comes in From the Cold
(DBN)

Man who chewed up insider trading tips settles with SEC
(DBN)

Et tu, Atticus Finch? He’s a changed and racist man in Harper Lee’s new book
(DBN)

N.Y.C. to pay family of Eric Garner $5.9 million
(DBN)

Texas Court Upholds Unalienable Right To Groomed Eyebrows
(DBN)

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Judges:

Ex-judge likely to serve only 30 days for stealing drug evidence from courthouse
(DBN)

Potential hack of federal judiciary’s information is treated as a disaster
(DBN)

Ain’t No Party Like A Courthouse Rooftop S-- Party
(DBN)

Contesting a traffic ticket? Getting divorced? Some jurisdictions use software to resolve the issues
(DBN)

Homeless: Graduated Harvard Law w/ Roberts
(DBN)

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Wall Street:

Wall Street set to break win streak
(DBN)

U.S. stocks finish with solid gains for third straight session
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Advising White House hopefuls on economy: It’s a no-win occupation
(DBN)

Hillary Clinton calls out the sharing economy • Hillary Clinton just called out the economic problem of the next decade • Hillary has white male voter problem • Clinton's 'sharing economy' comments are striking a nerve in Silicon Valley
(DBN)

Prominent Hillary Clinton Supporter Files for Bankruptcy
(DBN)

Scott Walker: 'I'm in. I'm running for president'
(DBN)

After Prison Escape, Mexican drug lord 'El Chapo' Threatens Donald Trump • Trump calls FBI • Trump pinatas go on sale in Mexico • Trump-Named Golf Course Declares Bankruptcy Amid Opulent Success • Trump's Beloved Golf Empire Reeling as Marquee Events Canceled • Businessmen Against Trump
(DBN)

Fact Check: For African-Americans between the ages of 17 and 20, "the real unemployment rate … is 51 percent."
(DBN)

There's a fascinating difference between income inequality in red states and blue states
(DBN)

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Aviation:

Delta offers to invest in Japan's bankrupt Skymark
(DBN)

Airlines pocket record $38B from extra fees
(DBN)

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Autos:

Wilbur Ross's IAC Names Miller as CEO - Turnaround expert to manage auto-parts maker amid industry consolidation
(DBN)

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Religion:

Bankruptcy mediation to start again for Gallup diocese
(DBN)

Pope Says He Will Start Addressing Issues of the Middle Class
(DBN)

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Mass Torts:

Judge OK's $430-million settlement fund for Lac-Megantic victims and creditors
(DBN)

GM Ignition Fund Ends with 124 Paid Deaths
(DBN)

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Retailing:

FCS Creditors to Decide Fate of Chain by August 7
(DBN)

Hilco Streambank to Sell Simply Fashion Intellectual Property
(DBN)

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Healthcare:

Novant Health to lay off up to 400
(DBN)

SRHS officials call troubled pension plan 'a financial Katrina'
(DBN)

Children's Hospital CEO admits May's patient ER statistics are 'misleading'
(DBN)

Recent Middle District of Florida Case Highlights the Medicare Jurisdictional Bar and the Implications of Such Bar to Healthcare Bankruptcy Cases
(DBN)

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Economy:

NFIB small-business sentiment slides
(DBN)

U.S. runs budget surplus of $52 billion in June
(DBN)

Odds on for September rate hike: Fisher
(DBN)

Economic expansions usually don't go on for this long
(DBN)

Why are consumers hurting if inflation is so low?
(DBN)

CFOs losing confidence in their companies’ outlooks
(DBN)

Central Banks are Rigging and Manipulating Markets
(DBN)

NY Fed: Consumers cautiously optimistic about economy
(DBN)

US companies are expected to report their worst sales decline in nearly six years
(DBN)

Since 2008: 85% Hit with Lower Wages
(DBN)

U.S. Annual Budget Deficit Remains Near 7-Year Low in June
(DBN)

Find Out if Your State Is America’s Past or Future • In the Future the US Will Look Like Texas
(DBN)

This chart shows how Americans' living arrangements have changed since 1967
(DBN)

Big Investors Are Holding the Highest Amount of Cash Since Lehman's Collapse
(DBN)

Why Millennials Are Driving Less
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Despite Morris Schneider Wittstadt bankruptcy, Dustin Johnson vows to keep fighting for “stolen” $3M
(DBN)

Was the Third Amendment sweep of Fannie, Freddie a sham?
(DBN)

Fredericksburg developer sentenced in fraud charges
(DBN)

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Municipalities:

Puerto Rico will move to 'consensual adjustment' of its debt • Puerto Rico says turnaround requires sacrifice
(DBN)

Puerto Rico Says Too Soon to Say How Bondholders Will Fare
(DBN)

Puerto Rico officials hold 1st meeting with creditors to discuss restructuring island's • Puerto Rico urges creditors to co-operate
(DBN)

John Oliver rips greedy sports team owners who blackmail cities into building them absurd stadiums
(DBN)

Detroit expects early August sale of $275 mln in bonds
(DBN)

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Oil/Gas:

Crude falls to 3-month low •As Iran deal looms, is it time to worry about oil?
(DBN)

Why Big Oil Deals Are Ready for an Explosion, in Three Charts
(DBN)

Oil supply-demand balance could improve next year, OPEC says
(DBN)

These Factors Will Send Oil Prices Down Even Further
(DBN)

Last week’s oil price slide featured one of the worst the single-day losses of the last decade
(DBN)

Why The 'Smart Money' Was Right About Crude Oil Again
(DBN)

Oil Rig Firm Signal International Files Chapter 11 • Accused of Labor Trafficking, Oil-Rig Repairer Files for Bankruptcy • Signal bankruptcy shines light on human trafficking in the U.S.
(DBN)

Primera Energy's Chapter 11 trustee named
(DBN)

Hercules Offshore, Inc. Announces Launch of Solicitation of Votes for Prepackaged Reorganization Plan
(DBN)

Consol Energy Inc. begins new round of layoffs
(DBN)

Noble to shutter Rosetta’s headquarters, lay off 65 as two firms merge
(DBN)

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Celebs:

Rapper 50 Cent files for bankruptcy after losing s-- tape case • • 50 Cent Files For Bankruptcy In Rapid Fall From Financial Grace • 50 Cent files for bankruptcy on day of financial testimony in s-- tape suit • 5 ways the now-bankrupt 50 Cent tried to get rich • 50 Cent Filing for Bankruptcy Does Not Mean He's Broke • 50 Cent Files For Suspiciously Timed Bankruptcy • 50 Cent Sends A Message To Anyone Thinking Of Suing Him For Posting Their S-- Tape On The Internet • Is 50 Cent broke? Get Rich Or Die Tryin hitmaker 'files for bankruptcy' • US rapper 50 Cent says he is not worth a dime • Bankrupt 50 Cent is likely still making money on Starz's hit series 'Power' • Bankruptcy Differences: 50 Cent Is Opting For Chapter 11 Instead of Chapter 7 • Our burning questions about 50 Cent's bankruptcy • Funniest 50 Cent memes, tweets after filing for bankruptcy • Here's how 50 Cent spent his millions before filing for bankruptcy • 50 Cent's bankruptcy and the $16 million he owes to Sleek Audio in Bradenton • Stop making fun of 50 Cent's bankruptcy • 50 Cent responded to bankruptcy reports with this hilarious Instagram photo
(DBN)

From 50 Cent to Donald Trump: Celebrities and money troubles
(DBN)

14 rich and famous people who lost all their money • 9 rich and famous people who filed for bankruptcy
(DBN)

Jailed Yellowstone Club founder files new release request
(DBN)

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Lehman:

Lehman creditors' recovery may soon reach $7.8 billion
(DBN)

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Golf:

Trump Golf Club in Puerto Rico Files for Bankruptcy • Trump golf course blames weak Puerto Rico economy for bankruptcy
(DBN)

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Fraud:

Hundreds of businesses are trying to figure out whether UK banks defrauded them via LIBOR manipulation
(DBN)

Shel Silver's In-Law Cops to $6M Ponzi Scheme
(DBN)

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Resorts:

Baha Mar Claiming 'Deliberate Sabotage' • Baha Mar Developers Opt For Silence Following 'Dirty Tricks' Charge • Baha Mar developer plans talks to push resort forward
(DBN)

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Food/Beverage:

A&P's future up in the air
(DBN)

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Opera:

Plan to Sell New York City Opera's Name Is Withdrawn
(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 (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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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Plan Confirmation:

“Don’t Pass Me By”—The Jevic Case and Bypassing the Absolute Priority Rule
(DBN)

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Professional Compensation:

The Baker Botts Decision – – Are We All Overreacting?
(DBN)

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Discharge:

There Is No Limit to the Number of Times a Chapter 11 Debtor Can Receive a Discharge within a Certain Time Frame!
(DBN)

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Plan Confirmation:

A Word from the Ninth Circuit: Substantial Consummation is Not the Final Word!
(DBN)

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Distressed Investing:

Shoreline, Oaktree Team Up for $168M Chinese Nonperforming Loan Deal
(DBN)

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TBTF:

Five Years of Dodd-Frank: "Too Big to Fail" Still Unresolved
(DBN)

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Bankruptcy Crimes:

Brentwood Man Pleads Guilty To Bankruptcy Fraud
(DBN)

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Banking:

JPMorgan second quarter beats expectations
(DBN)

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Education:

Mid-Continent University settles case over student loans
(DBN)

Ashford University plans to close campus in Iowa
(DBN)

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Corporate Reform:

'Clawbacks' Could Backfire
(DBN)

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UK:

Begbies Traynor reports steep profit fall
(DBN)

UK's inflation rate falls to 0%
(DBN)

Britain's Osborne: No way we're pitching in for Greek rescue money
(DBN)

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EU:

Factory output across eurozone down in May
(DBN)

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PIIGS:

ESM bailout fund to offer Greece 40-50 bln euros -official • Greek PM Tsipras faces party revolt over bailout deal • Bailout deal that might save Greek leader's nation may cost him his job • Greek prime minister Alexis Tsipras 'beaten like a dog and crucified' by EU sanctions • Tsipras faces political backlash • Merkel faces treacherous Greece vote in Bundestag • German public skeptical of Greece bailout conditions • Greece’s deal simply won’t work for these 2 reasons • What Greece agreed to do to land its bailout
(DBN)

Here’s what Greece agreed to do to secure bailout funds • Greek banks starved for cash • Alexis Tsipras faces Syriza rebellion over ‘humiliation’ • Defiance in Athens, scramble for financing • Greeks see 'humiliation' in harsh terms of eurozone bailout • How Will Greek Parliament Vote on the EU Deal? •Greece is being treated like a hostile occupied state • 'Sell your family heirlooms', but can Greece raise the cash? • Why Greece should leave the euro zone • Sorry, but Grexit chance is still 'significant' • New Greek deal has wide repercussions for euro • Greece plays pawn in fight between France, Germany • Weirdest thing baked into Greece’s debt deal • Greece and Europe face several worst-case scenarios • Athenians struggle on with sun, sea, olives and despair • Greece doesn't need a bailout — it needs investors • Darkness at dawn: the fragile plan to rescue Greece • Bonds Show Greece Risks Persist on Path Set for Bailout Accord • After bailout deal with Greece, fingerpointing and rifts in Europe • Europe's Harsh Deal Puts Greece Into Receivership And Avoids Contagion • Greece needs a brain for business • What Paul Krugman Doesn't Understand About Greece • Greek small businesses face do-or-die scenario • Greece May Have to Sell Islands and Ruins Under Its Bailout Deal • Here’s Europe’s real reason for rescuing Greece • Wilbur Ross: Here's the real goal of Greek deal
(DBN)

Italy's public debt reaches new record high
(DBN)

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Canada:

Manning a ghost ship: Tax court allows undischarged bankrupt to obtain trustee consent for previously commenced appeal
(DBN)

Revenue Canada writes off billions in debt in last 2 years
(DBN)

Grim Economic Outlook Spikes Fear For Recession In Canada
(DBN)

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China:

China's market looks like Dow in 1929: Technician
(DBN)

The 'Chinese Dream' is fading
(DBN)

China detains or queries 100 lawyers, activists and others in sweep targeting human rights law firms
(DBN)

Chinese rebound fizzles as shares end lower
(DBN)

40 ways China is propping up its stocks
(DBN)

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Germany:

Mood among German investors at lowest in eight months
(DBN)

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Australia:

Private schools move to bankrupt parents over unpaid fees
(DBN)

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