July 24, 2015

The Daily Bankruptcy News

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Law:

Barbarians At The K&L Gates?
(DBN)

Insurer Says Dewey Claimed to Be Financially Healthy
(DBN)

Law Firm Leaders Panel: Not “Secure,” but “Less Anxious”
(DBN)

Reinventing The Law Business: Where Is The Legal Profession Heading? (Part 3)
(DBN)

Madoff Trustee's Firm Seeks Payment of Legal Fees
(DBN)

How A Business Lawyer Automates His Practice
(DBN)

Holland & Knight, Ex-Partner Battle Over Payments
(DBN)

Allen & Overy gives associates rises of over 25%
(DBN)

The Best Large Metro Areas for Law School Graduates
(DBN)

BigLaw partner is accused of causing plane’s diversion after becoming unruly and disruptive Biglaw Partner Gets Wasted On Plane, Causes Mid-Atlantic Flight Diversion Sarah E. Buffett - Members Of 12-Step Programs Know What Allegedly Happened
(DBN)

Wage Lawsuit Against Skadden Arps Can Proceed, Appeals Court Says Document review arguably ‘devoid of legal judgment,’ 2nd Circuit says, allowing wage suit to proceed Appeals Court Revives Temp Attorney’s Overtime Lawsuit Against Skadden Circuit Clears Way for Lawyer's OT Suit Against Skadden
(DBN)

The Musicians Driving Skadden, Arps Crazy Are Now Playing at the Kennedy Center
(DBN)

Law School Promises Free Tuition to All of its Students* When Is Something NOT Worth $0? When It’s A Scholarship To Indy Tech Law
(DBN)

11 bad habits that could be holding you back at work
(DBN)

9 Ways for Lawyers To Jet-Propel Their LinkedIn Reach
(DBN)

Dress Like A Lawyer
(DBN)

What cops are saying about the Sandra Bland video
(DBN)

Struck by pickup, injured bicyclist sues another driver who she says gave pickup the OK to turn
(DBN)

Can I Sue My Attorney For Failing To Object To A Bogus Lien?
(DBN)

Lawyer who failed bar exam eight times is investigated for 18-year practice
(DBN)

Lawyer-turned-reality star is found dead; her boyfriend is arrested
(DBN)

"Won't Be Caught" Thief Has Many Collars
(DBN)

Cops: Man Called 911 To Get Help Fixing His AC
(DBN)

Bill Cosby Wants His Hush Money Back
(DBN)

Live-in nannies in au pair program are paid about $4 an hour because of collusion, suit alleges
(DBN)

Ever Wonder What Might Be Under Your Bed? Meet Jason Hubbard
(DBN)

______________

Judges:

Sen. Ted Cruz holds hearing on how to rein in SCOTUS ‘lawlessness’
(DBN)

How Are Natalie Portman And Judge Alex Kozinski Alike?
(DBN)

______________

Wall Street:

Stock futures point higher
(DBN)

Dow negative for year as 3M, CAT plunge more than 3.5% Wall Street slumps for third day as earnings disappoint Jobless Claims Causing Stock Market Anxiety
(DBN)

2 years after a Wall Street intern suddenly died, bank rookies are still putting in insane hours
(DBN)

______________

Layoffs:

Anglo American to Slash 53,000 Jobs as Commodity Price Falls Hit Results
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Peanut Executive Faces Possible Life Sentence in Salmonella Case Stewart Parnell - If He Spends Rest Of His Life In Prison, Will That Make Food Safer?
(DBN)

How Will The A&P Bankruptcy Impact Urstadt Biddle?
(DBN)

McDonald's profit falls as customer traffic slips in US
(DBN)

____________

Hotels:

John Paulson company to buy, renovate Puerto Rico hotel in $20M deal
(DBN)

____________

Taxis:

Uber's Rise Threatens Taxi Empire of Medallion Magnate New York's biggest taxi magnate files for bankruptcy for 22 companies
(DBN)

Uber triumphs as New York City officials abandon plans to limit transportation company
(DBN)

NY: Uber decision could cost city $312M in taxi medallion revenue next year alone
(DBN)

Rough Road Ahead for New York City's Yellow Taxis
(DBN)

____________

Education:

Here's the turnaround plan to save a beloved college from the brink of closure
(DBN)

____________

Gambling:

Las Vegas Sands Earnings Fall 30%
(DBN)

Bankruptcy Judge's Ruling Sends Caesars Shares Plunging
(DBN)

Caesars Entertainment Corp Takes Another Step Closer to Bankruptcy
(DBN)

Caesars' Defamation Claim Against Creditors Dismissed
(DBN)

____________

Resorts:

Baha Mar: Contractor Action ‘Disrupts’ Talks
(DBN)

Developer willing to spend $200 mln to finish Bahamas resort
(DBN)

Baha Mar: Government's perspective on the way forward
(DBN)

Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling
(DBN)

____________

History:

Bankruptcy in Russia, 1740-1800, and the First Non-Merchant Discharge!
(DBN)

____________


Economy:

Bellwether Warns: The global economy is 'stagnant' Second half of 2015 begins on shaky note
(DBN)

Global trade just experienced its sharpest drop since the Financial Crisis
(DBN)

Metals hit multi-year lows on global growth concerns, dollar rises China factories falter, commodities take the hit
(DBN)

National Consumer Credit Default Rates Increase
(DBN)

America Even Less Socially Mobile Than Thought
(DBN)

Reality check: Americans aren’t being frugal
(DBN)

Kansas City Fed: Regional Manufacturing Activity Declined Again in July Chicago Fed: Index shows "Economic Growth Picked Up Slightly in June"
(DBN)

A sign that the next US jobs report will be a monster
(DBN)

$15 an hour means no food stamps: KFC worker
(DBN)

Initial jobless claims plunge to the lowest level since November 1973 Weekly Claims decreased to 255,000 Plunge in jobless claims adds to Fed rate talk What you need to know about the jobless claims drop
(DBN)

There are some interesting things happening in US households
(DBN)

Wage inequality in three charts and 34 tweets from one ex-Googler
(DBN)

General Motors beats expectations, sees record results in North America
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US home sales surge in June to fastest pace in 8-plus years
(DBN)

FHFA: May home prices barely increase
(DBN)

Existing Home Sales: June 2015
(DBN)

Foreclosure inventory drops to lowest level since 2007
(DBN)

AIA: Architecture Billings Index increased in June, "Multi-family housing design showing signs of slowing"
(DBN)

Will this push millennials into the housing market?
(DBN)

Casino deal is latest to separate gambling from real estate
(DBN)

A&P bankruptcy likely to add to office vacancies
(DBN)

Redfin debuts new housing demand index, and it's got some bad news
(DBN)

____________

Municipalities:

Puerto Rico's economic disaster has political roots
(DBN)

Puerto Rico Fallout Seen Contained as Muni Defaults Prove Rare
(DBN)

Puerto Rico's PREPA bondholders propose $8 bln restructuring - outline
(DBN)

Puerto Rico Power Utility Says Debt Exchange Plan Unworkable Puerto Rico power utility rejects creditors' restructuring plan
(DBN)

How Houston lost control of its wallet
(DBN)

UBS is backing away from its Puerto Rico funds
(DBN)

Getting tested again: Municipal bond funds face more stress
(DBN)

Financial Reporting Implications: Greece, Puerto Rico and Other Regions Facing Economic Concerns
(DBN)

____________

Oil/Gas:

Hercules Offshore expects to emerge from bankruptcy in fourth-quarter
(DBN)

Oil turns lower on worry about demand, dollar's trimmed loss Supply glut tips oil futures under $49 Oil ends at lowest since March on demand concerns How low will oil go? Oil now in a bear market
(DBN)

Cuba's hoping to get into the oil and gas game
(DBN)

Why filling up your car is about to get cheaper
(DBN)

Weatherford takes “brutally realistic” approach to U.S. job cuts
(DBN)

Hercules CEO: Downturn among the worst in offshore services history
(DBN)

Patterson-UTI posts second quarter loss on falling rig count
(DBN)

Profit falls at EQT on low shale gas prices
(DBN)

Iran is eyeing $185 billion oil and gas projects once sanctions lift
(DBN)

Texas Weathers The Oil Slump Better Than Expected
(DBN)

Moody’s Says Low Oil Price Here to Stay
(DBN)

Morgan Stanley: Oil Price Collapse Warning
(DBN)

June job stats point to a resilient Texas despite oil slump
(DBN)

As Canada’s oil patch faces more job losses, robots add to the misery
(DBN)

____________

Politics:

Border patrol agents pull out of Trump event Trump on Texas Border: Mama Told Me Not to Come Trump on the Border Rick Perry: Trump's candidacy a 'cancer on conservatism' Donald Trump is threatening to make Republicans' worst nightmare come true One word explains Donald Trump’s rise Donald Trump is like that one kid on the playground who 'makes everyone else's recess hell' Here’s what Donald Trump really believes A secret to Donald Trump’s success that you simply can’t replicate Fact Check: Illegal immigrants bringing ‘tremendous’ disease across the border Trump’s Mobbed Up, McCarthyite Mentor Roy Cohn A lot of people love Donald Trump, but twice as many hate him Four reasons Donald Trump is leading in polls Donald Trump was a stock market disaster Trump Cashes In - Even When Properties Fail
(DBN)

IRS Should Avoid Bias Risk in Auditing Nonprofits, GAO Finds
(DBN)

How the Presidential Candidates Would Confront $18.6 Trillion of U.S. Debt
(DBN)

Maine Governor Forgot How to Veto a Bill
(DBN)

Jeb Bush Clarifies Phasing Out Entitlements
(DBN)

____________

Personal Finance:

Frequent flyer travel hacks
(DBN)

Top Regrets of the Rich
(DBN)

____________

Retailing:

RadioShack, creditors closer to bankruptcy deal
(DBN)

Amazon is now worth more than Wal-Mart Amazon’s stunning profit may be short-lived
(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 (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Tax:

Tax Court Tackles Cancellation Of Indebtedness For Consolidated Groups
(DBN)

____________

Finance:

Another One Bites the Dust - Energy Future Decision Likely Precludes Future Arguments to Lift the Automatic Stay in the Make-Whole Context
(DBN)

Delaware Bankruptcy Court Denies Stay Relief to Trustee to Decelerate Notes and Pursue Make-whole Claim
(DBN)

____________

Involuntary Bankruptcy:

Second Circuit Affirms Dismissal of Involuntary Bankruptcy Case Because of Creditors' Legitimately Disputed Claims
(DBN)

Bankruptcy Court Reinforces the Notion That Counting the Number of Eligible Creditors Commencing an Involuntary Case Really Counts
(DBN)

____________

Obituaries:

David Fickel: 1953-2015; Bankruptcy court clerk taught law at UT, ONU
(DBN)

____________

TBTF:

Bankruptcy Bill Would Replace Bank Bailouts
(DBN)

Getting Serious about Ending Bank Bailouts
(DBN)

____________

Aviation:

US airlines return to fuel hedging, get burned again
(DBN)

____________

Mining:

Anglo American posts $3 billion loss To cut 35% of workforce Looks at more asset sales Anglo American warns on further pain for commodities
(DBN)

Copper, aluminum prices hit multi-year lows
(DBN)

____________

Electricity:

Energy Future Drops Opposition to $19 Billion Hunt Proposal Energy Future Amends Chapter 11 Exit Plan
(DBN)

____________

Guns:

Colt in Dispute With Landlord and Owner Over Restructuring
(DBN)

____________

Fraud:

U.S. judge faults hedge fund founder's 'chutzpah,' upholds conviction
(DBN)

____________

Shipping:

Commodities shipper Trans Coastal Supply Co files for bankruptcy
(DBN)

____________

Student Debt:

This college tries to get students to borrow less
(DBN)

____________

Apparel:

Levi's CEO admits the company is 'scrambling'
(DBN)

____________

Ethanol:

Ethanol Mandate Rips Off Everyone
(DBN)

____________

Celebs:

Lawyer suing 50 cent says bankruptcy claim ‘laughable' 50 Cent: I'm Not Rich, I Just Borrowed Tons of Cool, Expensive Stuff 50 Cent Will Survive His Bankruptcy Thanks To Some Of His Businesses
(DBN)

____________

UK:

Clerys holds auction to sell IP rights
(DBN)

41% of insolvent businesses saved
(DBN)

____________

PIIGS:

Greek Crisis Weakens Eurozone Consumer Confidence Greece debt crisis: How did Yanis Varoufakis do? 'Grexit' struggle tests Germany's power duo Greek talks ready to start, but IMF may yet stand aside Lagarde Push for Greece Debt Relief Challenges Merkel
(DBN)

Beppe Grillo calls for nationalization of Italian banks and exit from euro
(DBN)

____________

Canada:

Music ends for Ottawa Folklore Centre
(DBN)

Glut of coal means more production cuts are possible, Teck Resources says
(DBN)

____________

China:

Giant Hedge Fund Bridgewater Flips View on China: 'No Safe Places to Invest'
(DBN)

China Slowdown? Depends on Where You Look
(DBN)

China PMI drops sharply; Asia markets sell off
(DBN)

____________

Australia:

GE Commercial seeks to bankrupt Nathan Tinkler over jet sale
(DBN)

____________


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