July 16, 2015

The Daily Bankruptcy News

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Law:

Attention on Dewey Trial Spans Globe
(DBN)

Witness Links Dewey Defendants to False Accounting
(DBN)

Study: Male Attorneys Far More Likely Than Women to Take Lead Role in Trials
(DBN)

Bob Hosch responds to allegations about abrupt closure of Butler & Hosch
(DBN)

The 2015 GC Compensation Survey
(DBN)

Business of Law
(DBN)

Pricing matters. Here's why.
(DBN)

Law Firm Imposes Ban on Hiring Ivy League Graduates NYC Firm Refuses To Hire Ivy League Law Grads: Top Students From Lesser Ranked Schools Are Hungrier, More Ambitious
(DBN)

Medicine, Law, Business: Which Grad Students Borrow The Most?
(DBN)

Adobe's Top Seven Writing Tips for Lawyers
(DBN)

Bigger Than BigLaw
(DBN)

LawProse: Are “certworthy” and “enbancworthy” bona fide words?
(DBN)

Sullivan & Cromwell’s H. Rodgin Cohen: On The Lawyer’s Role with Banks
(DBN)

Biglaw Mommy: Necessity Is The Mother Of Efficiency
(DBN)

3 Biggest Reasons Men Should Fear Women In Charge
(DBN)

Biglaw Wife Says Drunk Husband Spends So Much Time At Firm He Thinks His Office Is His Home
(DBN)

Hunton & Williams Decides To Keep Its Dallas Digs
(DBN)

Kaplan Rejects Jacoby & Meyers Challenge to Firm Ownership Rules
(DBN)

The View From Up North: Canadian Law Firm To Pay $45 Million Judgment For Breach Of Fiduciary Duty
(DBN)

4 Types Of People Who Shouldn’t Go To Law School
(DBN)

8 horrible things excessive coffee drinking can do to you
(DBN)

8 things people decide within seconds of meeting you
(DBN)

iPhones do something really weird when you ask Siri to charge them to 100%
(DBN)

Ex-SS guard guilty as accessory to 300K murders in Auschwitz death camp during WWII, gets 4 years
(DBN)

Mice, urine stains and file-filled halls photographed at ‘surprisingly gross’ DA’s office
(DBN)

Pet policy feud aired in officewide emails between US Attorney employees
(DBN)

This 1970s high school history book taught the most insane things about slavery
(DBN)

Protesters Greet Obama with Confederate Flags
(DBN)

Cost of Police-Misconduct Cases Soars in Big U.S. Cities
(DBN)

Recaptured David Sweat is now in solitary confinement
(DBN)

Obama is about to become the first sitting US president to visit a federal prison
(DBN)

Ex-attorney says NY senator asked law firm to hire his son
(DBN)

Cemetery Worker Arrested For Allegedly Using Veteran Markers For Flooring In Garage
(DBN)

How Obama answered a Bill Cosby question Cosby Show Actor: Of Course He's Guilty
(DBN)

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Judges:

Law School Dean Worries that Scalia’s Sarcasm is Spreading
(DBN)

With All Due Respect, Dean, Justice Scalia Probably Doesn’t Give A Damn About What You Think
(DBN)

Judicial Conference declares ‘judicial emergency’ in Idaho, which has only 1 federal judge on bench
(DBN)

Thomas writes most opinions this term; law prof sees ‘strange tone’ and abandonment of judicial role
(DBN)

WD PA BK: Proposed Amendments to Local Rules
(DBN)

Jury convicts ‘sovereign citizen’ of filing false liens against federal judge and prosecutor
(DBN)

Ex-judge gets 2 years in bribery case, lawyer gets 1 year
(DBN)

Benchslap Of The Day: Your Client Is Winning Despite Your Best Efforts To The Contrary
(DBN)

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Wall Street:

Wall Street set for higher open
(DBN)

Fund managers are holding cash at 2008 levels
(DBN)

Goldman Sachs had a great quarter … if you ignore legal costs
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Coal:

AL-based Walter Energy files for Chapter 11 bankruptcy protection Walter Energy Reaches Bankruptcy Deal as Coal Prices Drop Walter Energy Files for Bankruptcy Protection What Walter Energy's bankruptcy filing means for company, employees Fitch: Poor Unsecured Recoveries Expected for Walter Energy Who are Walter's largest unsecured creditors?
(DBN)

Alpha Natural Resources in Talks to Obtain Bankruptcy Financing
(DBN)

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Food/Beverage:

A&P could soon be gone for good A&P reportedly headed for bankruptcy , could impact NYC grocery chains Grocery Operator A&P Denies Bankruptcy Is Imminent
(DBN)

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Aviation:

More Than a Million People Are Getting Free Flights—and They Hate It
(DBN)

TSA: Really? Airport Lines to Get Longer?
(DBN)

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Mass Torts:

Proposed California Legislation Would Mandate Asbestos Bankruptcy Trust Disclosures Statewide
(DBN)

Second airbag maker probed by U.S.
(DBN)

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Retailing:

FAO Schwarz is Closing Down Today
(DBN)

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Personal Finance:

An Identity Thief Explains the Art of Emptying Your Bank Account
(DBN)

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Mining:

Gold mining company that sued Costa Rica files for bankruptcy
(DBN)

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Shipping:

Court Refuses Anti-Suit Injunction Brought by Bankrupt O.W. Supply & Trading Proceedings
(DBN)

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Lehman:

The Second Circuit Holds That Claims Against Lehman Brothers Related to Bilateral Repurchase Transactions Do Not Qualify for Customer Status
(DBN)

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Economy:

Yellen says economy on track, defends Fed 'transparency' Fed Chair: Interest rate hike still on table for 2015 U.S. Consumers are a Wildcard in Yellen's Midyear Outlook Watch Congressman screams at Yellen: 'You did nothing!'
(DBN)

Fed's Beige Book: Economic Activity Expanded, Respondents "optimistic about future growth"
(DBN)

CFOs: This Year is Going to be Bad
(DBN)

Manufacturing Shows Signs of Steadying as U.S. Oil Slump Wanes Fed: Industrial Production increased 0.3% in June
(DBN)

Will LA’s minimum wage lift 600,000 out of poverty?
(DBN)

Labor Department says dependency, not control, key in classifying workers
(DBN)

Price Change of Everything Since 1993
(DBN)

When Capitalism Becomes Cannibalism
(DBN)

The top 20 countries as ranked by reputation
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

US foreclosure activity fell to a 10-year low in the first half of 2015
(DBN)

Mortgage Applications Decrease in Latest Weekly Survey, Purchase Index up 17% YoY
(DBN)

Good Faith Deposit: Who Gets To Keep the Cash?
(DBN)

Beige Book: Housing continues positive trend
(DBN)

Insurance industry practice threatening to bankrupt thousands
(DBN)

Michigan veteran calls for armed revolution after losing home to scam: ‘It’ll go down like Bundy Ranch’
(DBN)

The New York City Housing Authority is 'making problems disappear on paper' and leaving residents to deal with the mess
(DBN)

This 1 graphic shows how newly constructed homes have changed in just 20 years
(DBN)

The cities where Americans are most likely to spend more than half of their paycheck on rent
(DBN)

Commercial Real Estate prices increased in May
(DBN)

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Municipalities:

Puerto Rico Says It Failed to Send Money for Bond Payments Puerto Rico agency fails to transfer funds 'Puts other payments in jeopardy'
(DBN)

Puerto Rico's PREPA extends contract with restructuring consultant
(DBN)

U.S. Senate Democrats seek bill to aid Puerto Rico fiscal crisis Puerto Rico bankruptcy bill introduced in Senate Schumer Seeks Republican Support for Puerto Rico Bankruptcy Bill Governor Padilla Supports Senate Bill, Journalists Sue For Hedge Fund Names
(DBN)

These are the three things crippling Puerto Rico's economy
(DBN)

Greece, Puerto Rico, Illinois and bankruptcy
(DBN)

Investors at confab split on Puerto Rico's fate
(DBN)

Bankruptcy judge: San Bernardino may outsource Fire Department
(DBN)

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Distressed Investing:

Vulture Fund with History of Strong-arm Tactics Steps Up Campaign against Samsung
(DBN)

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Corporate Reform:

Warren: Reinstate Glass-Steagall
(DBN)

White House Finds Ways to Let Criminal Banks Go Free
(DBN)

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Oil/Gas:

Goldman Sachs: So far, cheap oil has been mostly bad for the economy
(DBN)

Energy 2015: Trends Who's Who Legal: Energy 2015
(DBN)

Oil falls on prospect of higher Iranian exports Will Iran deal nuke oil prices?
(DBN)

Sabine sixth U.S. producer to seek bankruptcy protection this year Oil and Gas Company Sabine Files for Chapter 11 Bankruptcy Billionaire William Macaulay Suffers Another Oil Setback with Sabine Bankruptcy
(DBN)

Oil and gas company with East Texas ties files for bankruptcy

BHP Billiton makes $2.8 billion writedown in Texas shale
(DBN)

Oil majors shun Mexico offshore auction as blocks go unsold
(DBN)

Shale Industry May Need A Complete Rethink To Survive
(DBN)

Texas energy company Sabine, which merged with Denver's Forest Oil, files Chapter 11 Moody's downgrades Sabine's PDR to D-PD on bankruptcy filing
(DBN)

Banks Put Cash Aside To Cover Energy Loans
(DBN)

How the plunging price of oil has set off a new global contest
(DBN)

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Banking:

BofA profit soars as expenses fall to lowest since 2008
(DBN)

BofA Closes Hundreds of Locations Nationally
(DBN)

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Celebs:

50 Cent filed for bankruptcy because he didn't want to "become a target" 50 Cent on bankruptcy: 'I'm just a good businessman' Forbes analyst on 50 Cent's bankruptcy 50 Cent Makes It Rain, Bankruptcy Be Damned 50 Cent Opens Up To 'Conan' About Filing For Bankruptcy
(DBN)

The Broke and Famous: Celebrities Who Have Gone Bankrupt
(DBN)

Riches to rags: a brief history of bankruptcy in pop | Music | The Guardian

David Cassidy's Fort Lauderdale home headed for bankruptcy auction
(DBN)

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Politics:

Donald Trump says he is the $10 billion man
(DBN)

Cruz salutes Trump, rips 'Obamanomics,' Clinton Cruz's Book Put on NYT's Best Seller List
(DBN)

Only 3 Percent of Jeb Bush's Campaign Cash Came From Small Donors Goldman Bankers Are Biggest Backers
(DBN)

Walker plays up humble, Harley-riding roots
(DBN)

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Disruption:

Uber use surges among business travelers
(DBN)

Uber: The Future of Our Economy and Politics
(DBN)

California Fines Uber $7.3 Million
(DBN)

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Fraud:

Tampa: Receiver says bankruptcy maneuver involving firm named in Ponzi scheme will delay paying back investors
(DBN)

How Lynn Tilton Went From Company Savior to SEC Target
(DBN)

Scammers use this guide to steal huge amounts of money from men on dating sites
(DBN)

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Religion:

Pope Francis Calls for Global Bankruptcy Process
(DBN)

Holy See Posts Deficit As Staff Cost Offset Asset-Value Increase
(DBN)

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Telecoms:

Semtech to layoff 8 percent of workforce
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (51 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

Seminar: Tipping the Balance: Practical Tips for Managing High Level Practice and Family
(DBN)

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Bankruptcy Statistics:

Here's where America's bankrupt people live
(DBN)

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Bankruptcy Policy:

Debtors Unfairly Excluded From Protection
(DBN)

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Bankruptcy Reform:

Ohio Senator Introduces Bill to Improve Accuracy of Consumer Credit Reporting
(DBN)

US senators introduce bankruptcy bill for Puerto Rico
(DBN)

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Recharacterization:

Debt or Equity? Which Circuit? Recent Cases on Equitable Recharacterization
(DBN)

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Receivers:

Standing in the Shoes or Freeing Evil Zombies? The Public Policy of Applying the In Pari Delicto Defense to Actions Brought by a Receiver
(DBN)

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Executory Contracts:

Delaware USDC Analyzes Contract Integration; Remands to Bankruptcy Court for Debtor to Assume or Reject One Integrated Agreement
(DBN)

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Tax:

Acquisition of debtor's indebtedness by a person related to the debtor results in COD income
(DBN)

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Litigation:

Advisen Report: Declining Corporate and Securities Litigation Filings Continued in Second Quarter, But Most Recent Quarterly Trend May be Upward
(DBN)

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Sanctions:

No Inherent Sanction Authority When Settlement Breaks Down
(DBN)

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Privacy:

Lessons From Bankrupt RadioShack’s Sale of Customer Info
(DBN)

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Healthcare:

El Paso County asks judge to fire Children's Hospital consulting firm
(DBN)

The Disastrous Loan Deal That Shows Wall Street Still Has a Wild West
(DBN)

Arkansas county raises sales tax to help hospital reopen
(DBN)

Parkview of Brunswick, Lewiston's CMHC in bankruptcy court dispute over $13M claim
(DBN)

FactCheck: Obamacare Premium Increases
(DBN)

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Debt Collection:

Big Win for CFPB on Debt Collection
(DBN)

JPMorgan Chase accused of selling 'zombie debts' to third-party buyers
(DBN)

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Sovereigns:

Elliott's Singer says Argentina damaging itself, on 'sad path'
(DBN)

Paul Singer mocks Libertad frigate case
(DBN)

Pope Francis: Why can't countries go bankrupt ?
(DBN)

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UK:

Insolvency specialist suffers due to economic recovery
(DBN)

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EU:

What’s next for insolvency law reform in Europe: a pan-European insolvency law?
(DBN)

Greece to cast a large shadow over Draghi at ECB meeting
(DBN)

European car sales surge 15 percent in June
(DBN)

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PIIGS:

Greece approves divisive austerity for bailout, but political shakeup awaits Greece needs to leave the euro right now Europe’s dirty little secret is Greece will never pay back its debt Krugman: History Lessons for Euro Debtors Tsipras says Greece needs debt restructuring to exit the crisis Clashes break out in Athens Moody's warns Greece may struggle with bailout EU Agrees in Principle to $7.6 Billion Greece Loan Schaeuble Still Says Euro Exit Is What's Best For Greece
(DBN)

Why Germany refuses to write off Greece's debts The IMF clears its throat very, very loudly on Greece. Make-or-break moment as Greek MPs prepare to vote on austerity proposals Greek civil servants, pharmacists strike against bailout reforms Why investors should listen to Dimon on Greece
(DBN)

Overregulating Life in Greece
(DBN)

Increase in alternative solutions to bankruptcy Over 500% increase in people being declared bankrupt
(DBN)

Cerberus Deal Sparks Row as Lawyers Fight Over Irish Fees
(DBN)

Its glory faded, decaying modern Rome 'needs a miracle'
(DBN)

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Canada:

Bank of Canada cuts rates again as economy contracts
(DBN)

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China:

The Real Risk Behind China's Stock-Market Drama
(DBN)

China's surprise 7% growth: Believe it or not?
(DBN)

China Crash Is 'Way Bigger Than Subprime'
(DBN)

China's debt is now twice the size of its gross domestic product
(DBN)

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India:

The story behind sudden boom in distressed assets business
(DBN)

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Malaysia:

Is Malaysia really headed for bankruptcy?
(DBN)

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Russia:

The Moscow Times: Debt crisis looms as Putin's pledges bankrupt Russian regions
(DBN)

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Brazil:

Brazil court approves DIP loan for engineering firm OAS
(DBN)

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