July 22, 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:

Lawyers for former Dewey leaders win points on cross-examination of key witness Dewey Defense Challenges Testimony of Finance Director
(DBN)

Blurred Lines: Seventh Circuit Keeps Alive Claims Based upon Law Firm’s Alleged Failure to Advise on Degrees of Business Risk
(DBN)

In-House Counsel Panel: Law Firms Gamble with High Fees
(DBN)

What corporate lawyers say vs. what corporate lawyers mean
(DBN)

How to Make a Law Firm Merger Work: It Starts with Culture
(DBN)

Greenberg Traurig Expands Leadership Team
(DBN)

Analytics Gain Traction at Law Firms
(DBN)

CRM For Legal: Relationships Are Not Easy
(DBN)

Dot Law'ers Are Coming -- in October
(DBN)

Ex-partner awarded $550K in law firm dispute loses appeal; firm says he now owes $200K
(DBN)

Lawyers Are Not Allowed to Speak with Their Clients about the Client’s Intention to File a State Bar Complaint!
(DBN)

War of words in UK
(DBN)

Two months after his arrest, Cadwalader partner is no longer with the law firm Problematic Biglaw Partner No Longer In Biglaw
(DBN)

The Importance Of Having A Technically Perfect Document
(DBN)

The right way to wear a skinny tie
(DBN)

5 office politics mistakes that could be holding you back at work
(DBN)

30 inspiring quotes from super-successful people that every professional should read
(DBN)

Speak Kindly… About Yourself At Least
(DBN)

35 life hacks for the modern gentleman
(DBN)

How to avoid distractions at work and actually get things done
(DBN)

Judge blasts class action firm for $5M fee maneuver; it now gets $0
(DBN)

Did ‘legendary’ former prosecutor withhold evidence in multiple cases?
(DBN)

Lawyer asked court to detain client before suicide but judge said he lacked the authority
(DBN)

The Road Not Taken: Go Set A Watchman
(DBN)

Stolen Refund Proceeds Draws Disbarment of Bankruptcy Attorney
(DBN)

Prosecutor: Wyoming Shooter "Went Hunting" for Drunk Homeless People
(DBN)

‘Breaking Bad’ star takes hard man role in bizarre law firm advert
(DBN)

______________

Judges:

Justice Alito Doggedly Holds Onto Logic Of The Past, Elites
(DBN)

Federal Judge Sez Judges Are All Too Old To Understand Technology
(DBN)

Supreme Court justice reveals how they make decisions
(DBN)

Trial Starts in Sanctioned Facebook Judge's Appeal
(DBN)

BK Judge Position Open In ND IA
(DBN)

House arrest expected for ticket-fixing judge
(DBN)

Fired secretary is star witness at trial of ex-judge accused of operating business from chambers
(DBN)

Do corporate amicus briefs pose a conflict for stock-holding SCOTUS justices?
(DBN)

‘Do You Hear Me?’ Judge Benchslaps State Department
(DBN)

______________

Wall Street:

U.S. stocks on track to open lower
(DBN)

U.S. Stocks Slip on Earnings as Dollar Tumbles, Bonds Advance
(DBN)

Goldman Sachs just downgraded US stocks
(DBN)

 

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Banking:

Morgan Stanley Shares Rise As Trading Profits Surge Nearly 70% In Second Quarter
(DBN)

____________

Food/Beverage:

Bankruptcy Court frees up A&P financing A&P gets green light to tap Fortress DIP
(DBN)

Acme to buy 76 A&P stores
(DBN)

Chipotle sales miss, stock is getting crushed
(DBN)

____________

Retailing:

Defunct stores get a second act in Mexico
(DBN)

____________

Autos:

Feds face tough laws requiring specific intent in possible criminal case over GM ignition issues
(DBN)

____________

Golf:

Judge approves settlement that will preserve golf course
(DBN)

____________

Resorts:

A Complex Bankruptcy Case, With Baha Mar and a Chinese Contractor, Lands in Delaware
(DBN)

The Baha Mar Battle Continues
(DBN)

 

____________


Economy:

Jobless rates fell in 21 states in June, rose in 12 Payrolls Rose in 31 U.S. States in June, Led by New York
(DBN)

This one map explains the entire worldwide economy
(DBN)

How millennials live, in 4 charts
(DBN)

Do millennials have it better than Gen X?
(DBN)

Here's each state's unemployment rate right now
(DBN)

Millennials feel too ‘guilty’ to take advantage of a common work benefit — and it’s affecting their productivity
(DBN)

These are some of the best cities to get a job right now — and they might not be the ones you think
(DBN)

What's behind the falling prices of oil, gold and copper
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

S&P/Experian: Mortgage defaults tick up from previous lows
(DBN)

Court Cites Mortgage Lenders' Failure to Act in Good Faith
(DBN)

Condos Left Behind in Housing Rebound
(DBN)

____________

Municipalities:

The Detroit Bankruptcy: Two Years Later
(DBN)

Review team finds Wayne County in financial emergency Evans wants chance to fix Wayne Co. finances
(DBN)

Restructuring Puerto Rico's General Obligation Debt
(DBN)

Two more Democratic senators join Puerto Rico bankruptcy push
(DBN)

Chapter 9: A bipartisan effort to give Puerto Rico a fair shot
(DBN)

Puerto Rico Left Adrift by Washington as Bankruptcy Bills Stall
(DBN)

How Puerto Rico Could Emerge from a Default
(DBN)

Pennsylvania May Sue Firms Over Ex-Harrisburg Mayor’s Bond Deals
(DBN)

Houston's debt now surpasses Detroit's
(DBN)

____________

Manufacturing:

United Technologies plunges on profit warning Struggling With China Slowdown
(DBN)

____________

Corporate Reform:

Why Citibank may owe you money Did You Fall for Citi's Card Tricks? Here Are 7 of Them, per the CFPB
(DBN)

Dodd-Frank At 5 Years Old: Making The Next Crash More Likely And Worse When It Happens
(DBN)

Elizabeth Warren says passing Dodd-Frank was like David beating Goliath
(DBN)

____________

Oil/Gas:

Oil prices fall on unexpected rise in US crude stocks
(DBN)

Chesapeake Energy suspends dividend payments
(DBN)

Primera Energy LLC owner Brian Alfaro warned by judge not to destroy documents
(DBN)

US Shale oil finances are shaky but doing better than deepwater oil and oilsands
(DBN)

U.S. Winning Oil War Against Saudi Arabia
(DBN)

Samson Resources leveraged loan, high yield debt at record lows amid restructuring reports
(DBN)

____________

Tech:

GT Advanced's Shareholders Want a Say in Bankruptcy Restructuring
(DBN)

____________

Gambling:

Caesars Debt Talks Ratcheting Up as New Bankruptcy Terms Emerge
(DBN)

Bankruptcy of Caesars unit racks up $47 million in costs
(DBN)

Caesars Fights to Avoid Bankruptcy
(DBN)

____________

Celebs:

50 Cent appears in Manhattan courtroom in sex tape trial 50 Cent: I borrowed my bling and I'm not rich 50 Cent testifies his lifestyle is an illusion: 'I take the jewelry and cars back to the stores' 'I'm not as cool as I was last week' Cent: Lawsuits are killing me 50 Cent's bankruptcy: End of an era?
(DBN)

Auction of Teresa Giudice's shore home rescheduled Teresa Giudice to be featured from prison on TV special To Appear on Husband's Ridiculous Reality Show
(DBN)

____________

Coal:

Bankruptcies Starting To Pile Up In Coal Industry
(DBN)

Coal Miners Going Bankrupt: Does the Road End Here?
(DBN)

Bankrupt Patriot Coal Asks Judge to Change Retiree Benefits
(DBN)

____________

Politics:

There's one group that is coming out in full-throated support of Donald Trump See also Mark Cuban puts asterisk on Donald Trump's billions Fact Check: Trump: John McCain "has done nothing to help the vets." The Phenomenal Trump - His admirers think he's the guy who 'gets things done,' but he hasn't been that Donald in decades Trump's Name-Calling Goes too Far, Says South Carolina's Haley
(DBN)

Jeb Bush's plan to regulate Wall Street lobbying is unfair and utterly toothless Fact Check: Jeb Bush: Clinton Passed Law Against Guns In Military Recruiting Offices
(DBN)

____________

Personal Finance:

7 résumé mistakes that send red flags to employers
(DBN)

____________

Privacy:

Now LifeLock stock plunges 49% on FTC claims
(DBN)

____________

 


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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (89 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:

2014 Report Shows Fewer Debtors Filing for Bankruptcy, But More Repeat Filers
(DBN)

______________

Exemptions:

Bankruptcy Mischief: Fraudulent Concealment and Bad Faith Do Not Matter When It Comes To Disallowing Bankruptcy Code Exemptions
(DBN)

____________

Finance:

Delaware Bankruptcy Court Allows Debtor to Sidestep “Make-Whole” Payment
(DBN)

____________

Avoidance Actions:

Reversing the Trend: Will Congress Act to Except College Tuition Payments from Clawback in Bankruptcy?
(DBN)

____________

Bankruptcy Forms:

Official Bankruptcy Forms Changes Effective December 1, 2015
(DBN)

____________

Cross-Border:

OAS, Hedge Funds Continue Chapter 15 Fight
(DBN)

____________

Bankruptcy Reform:

ABI Commission Report – Discharge of Claims Upon Confirmation
(DBN)

____________

UST:

Curbing the Exploitation of Passive Creditors in Chapter 11 Reorganization by Leveraging the Oversight Role of the United States Trustee
(DBN)

____________

Litigation:

E-Discovery a 'Stain' on the Legal System This Map Shows the Spread of eDiscovery
(DBN)

____________

Telecoms:

Harbinger sues Dish, Ergen over LightSquared, seeks $1.5 bln
(DBN)

____________

Religion:

Pope Francis ignites a revolt that will overthrow American capitalism
(DBN)

____________

Student Debt:

Navient adds to fears on US student debt
(DBN)

____________

Autos:

What’s next for Aston Martin after seven bankruptcies
(DBN)

____________

Software:

Microsoft reports biggest quarterly loss ever
(DBN)

____________

UK:

Isle of Wight's debt problems revealed by new insolvency figures
(DBN)

Scotland: Bankruptcies at lowest level in over eleven years
(DBN)

BOE minutes imply wider support for rate rise
(DBN)

Insolvency Service turns screw on directors
(DBN)

____________

EU:

Zombie firms: corporate carrion
(DBN)

‘Whatever it takes’ isn’t enough to fix eurozone
(DBN)

____________

PIIGS:

Athens delays increasing farmers' taxes Greece wants new bailout deal by 20 August Tsipras stays popular despite bailout hardship Greece: Next steps before it can get bailout Why Tsipras Remains in Power Tough approach to Greece makes Schäuble the toast of Germany Tsipras rallies troops ahead of Greek reform vote
(DBN)

____________

France:

French farmers block roads as '25,000 face bankruptcy ' France Seeks to Allay Farmers Blocking Cities, Tourist Sites
(DBN)

____________

India:

Number of defunct companies up 35% this fiscal
(DBN)

States’ insolvency exposes governors’ lack of creative management skills
(DBN)

____________

Austria:

Heta Creditors Seek Oversight to Stop ‘Further Harm’
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   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 stories 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 $62/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 phone or text us at 281-402-3957. You can email us 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 2015