June 1, 2015

The Daily Bankruptcy News

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Law:

Former Dewey partner testifies she lost $621K in equity capital while two leaders earned millions
(DBN)

Will Firm Culture Supersede Prestige?
(DBN)

2nd Circuit Looks at Contract Attorneys Contract Attorneys Gather, Voice Frustrations
(DBN)

Always Be Selling — Even When Billing
(DBN)

GC: AFAs Are Overrated
(DBN)

How one startup wants to solve an 'insane' problem for a $400 billion industry (law)
(DBN)

Lawyer Arrested… Mid Trial Trial is stopped after judge learns lawyer has outstanding arrest warrant
(DBN)

Four law schools participate in residency program with legal tech firm
(DBN)

Yale Law School drops to No. 5 in blog’s rankings Why, YLS? Everything Wrong With The Above the Law Rankings
(DBN)

Free Market Law Professor Seeks Unpaid Help
(DBN)

Megan Fox Might Go To Law School
(DBN)

3 Things Law Firms Can Do Right Now To Increase Diversity In The Legal Profession
(DBN)

"I spent $134,918 and I don't even get a lousy law degree?"
(DBN)

Your email typos reveal more about you than you realize
(DBN)

Fixing your #@(*$#)$( Single-Spacing in Microsoft Word
(DBN)

5 body-language moves that will make people trust you
(DBN)

Former US House Speaker Dennis Hastert indicted, resigns from Dickstein Shapiro Hastert Post Congress: Chasing Cash How Hastert Made His Millions Hastert Scandal Gets More Disturbing Sources: Dennis Hastert cover-up for misconduct with male student
(DBN)

Josh Duggar Is Not The Only One Who Escaped Prosecution Duggar's Cop Friend Was a Pedophile
(DBN)

Haller Jackson, Former Federal Law Clerk, Pleads Guilty To A S-- Offense
(DBN)

Fatal police shootings in 2015 approaching 400 nationwide
(DBN)

A defense attorney uncovers a brazen scheme to manipulate evidence, and prosecutors and police finally get caught
(DBN)

Texas Senate clears concealed carry of guns on campus
(DBN)

The world's elderly are on a crime spree
(DBN)

Belichick Never Believed Brady on Deflation
(DBN)

Mississippi Yearning - Out-of-state paramour had insufficient contacts
(DBN)

Why the founder of Silk Road got life in prison without parole
(DBN)

Judge tosses defamation suit against boss-rating website
(DBN)

Chameleon owner who blew pot smoke in its mouth is acquitted of animal cruelty
(DBN)

Laws allowing mass collection of American phone records by the NSA have expired
(DBN)

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Judges:

Mr. Fuller has done the honorable thing, even if there was an inducement
(DBN)

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Wall Street:

U.S. stock futures inch up
(DBN)

European Markets Close Lower as Grexit Rumblings Echo Louder
(DBN)

Here's some great news for those who want the stock market to crash
(DBN)

Why gloom is looming for the stock market in June
(DBN)

Why a wife bonus makes complete sense
(DBN)

The New Way Wall St. Measures the Economy
(DBN)

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Layoffs:

Jobs robots are most likely to take over
(DBN)

This other unemployment rate is at its lowest level in 15 years
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Weather:

Texas floods and commodities: Farms face 'total loss for year' Texas Floods: $27M in Infrastructure Damage
(DBN)

California's Snowpack is Now Officially Zero
(DBN)

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Satellites:

NewSat may yet be back in orbit as turnaround efforts continue
(DBN)

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Lehman:

Ex-Lehman Chief Dick Fuld Says Firm Was ‘Mandated Into Bankruptcy’
(DBN)

Dick Fuld's Comeback Attempt Was a Disaster
(DBN)

Wall Street has one question for Dick Fuld
(DBN)

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Education:

Taxpayers will shoulder the financial burden of defunct schools’ students
(DBN)

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Toll Roads:

Indiana Toll Road Exits Bankruptcy Protection
(DBN)

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Healthcare:

Health care provider Atrinea Health and affiliates file Ch. 11 bankruptcy
(DBN)

El Paso Children's Hospital bankruptcy costs will grow, expert warns Bankruptcy is wrong choice for El Paso Children's Hospital What does Children's Hospital want? UMC board and county commissioners meet
(DBN)

Natchez employees still waiting for benefits
(DBN)

Doctor Poisoned Patients for Money
(DBN)

Out-of-network medical bills a costly shock
(DBN)

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Alternative Energy:

NY: With million in debts, Latham solar firm seeks bankruptcy refuge
(DBN)

US Light Energy seeks bankruptcy court shield in $13 million debt
(DBN)

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Currency:

Bitcoin Mining Hardware Producer Bitmine Declares Bankruptcy
(DBN)

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Telecoms:

Same Issues, Fierce Debate as LightSquared Bankruptcy Ends; GPS Spectrum Battle Reappears
(DBN)

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Gambling:

Caesars’ Latest Court Loss Adds Pressure to Meet With Creditors
(DBN)

Caesars’ Creditors Can Try to Force Parent to Back Debt
(DBN)

Macau's Gaming Revenue Dropped 37% In May, And Other Troubling Signs
(DBN)

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Retailing:

Company buys SkyMall for $1.9 million, will make “dramatic changes”
(DBN)

High retail vacancy rate 'a one-off for Kamloops'
(DBN)

3 reasons Etsy is in big trouble
(DBN)

Abercrombie & Fitch's website shows everything that's wrong with the brand
(DBN)

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Hockey:

Canadian company wants to buy Erie Otters
(DBN)

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Construction:

Contractors seeking share of proceeds from sale of Mamtek site
(DBN)

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Shipping:

Frontline Sacrifices Huge Upside For Greater Stability
(DBN)

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Infrastructure:

Once Upon a Time We Could Raise the Gas Tax and Build Roads
(DBN)

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Economy:

Grim signs for the global economy
(DBN)

Sluggish factory growth puts central bank stimulus in spotlight
(DBN)

Economy in U.S. Shrinks for Third Time Since Expansion Began
(DBN)

Corporate Profits Tanked in Q1
(DBN)

The lifebelt for up-and-down U.S. economy
(DBN)

What It Really Means to Rely on Food Stamps
(DBN)

Why American Dream is unraveling, in 4 charts
(DBN)

The hotel industry is sending a clear signal about the US economy
(DBN)

Robert Shiller: 'There is a bubble element to what we're seeing.' Rate hike needed to pop bubbles: Robert Shiller
(DBN)

Roubini: There's a market 'time bomb' raising the risk of a dramatic collapse
(DBN)

Baby Boomers, Grab A Shovel And Help Millennials Dig Out Of Debt
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

New Lift For New-Home Prices
(DBN)

This MBA chart shows the real impact of the recession on homeownership
(DBN)

Map: Wage Needed to Rent 2 Room Apartment
(DBN)

The $265 Billion Bill That’s Coming Due for Homeowners
(DBN)

Bankruptcy judges get tough on debtors who don't surrender property
(DBN)

The Last Mortgage Crisis Bet Will Soon Be Over: Which Major Hedge Funds and Banks Will Come Out Ahead
(DBN)

Buffett’s home didn’t make him rich; neither will yours
(DBN)

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Municipalities:

Bill to ease Chicago pension payments heads to final vote City Hall pension proposal moves forward in Springfield Illinois Cuts Chicago a Pension Break as Its Own Finances Spiral
(DBN)

Prepa Says It's Set to Present Restructuring Plan in NYC Monday Puerto Rico's PREPA to ask creditors to take some pain - sources
(DBN)

Chapter 9 for Prepa Would Be Wrong
(DBN)

Debt Default Ahead for Puerto Rico?
(DBN)

Kevyn Orr Looks Back on Detroit's Bankruptcy
(DBN)

How can Detroit succeed post-bankruptcy?
(DBN)

Detroit is starting to shut off people's water again
(DBN)

Highland Park officials dismiss talk of dissolving city Snyder hints he wants to avoid dissolving Highland Park
(DBN)

San Bernardino bankruptcy deadline looms San Bernardino bankruptcy reaches 'beginning of the end'
(DBN)

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Oil/Gas:

OPEC oil output in May reaches highest since 2012
(DBN)

More oil rigs shut down
(DBN)

Oil prices jump on US tightening
(DBN)

EIA Reports Bizarre Increase In U.S. Oil Production
(DBN)

US Oil Contango Vanishing
(DBN)

A Look at Quicksilver Resources
(DBN)

Saudi Arabia is no friend to the United States
(DBN)

OPEC could drown world in oil for years
(DBN)

Big Oil's Campaign to Misled the US Public Commentary: the resurrection of McCarthyism
(DBN)

Midstates Petroleum Company Distressed Debt Exchange
(DBN)

Oil Falls, Calgary Housing Hammered
(DBN)

Energy sector cost cuts put spotlight on Origin Energy for similar action
(DBN)

____________

Tech:

AMD Bonds: How Much Time Is Really Left On The Clock?
(DBN)

Elon Musk's growing empire is fueled by $4.9 billion in government subsidies
(DBN)

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Celebs:

Find Out Which Bachelorette Contestant Filed For Bankruptcy Last Month Bachelorette suitor files for bankruptcy and he'd better not blame the show
(DBN)

50 Cent can't dodge s**-tape trial with bankruptcy: judge
(DBN)

Angelina Jolie And Brad Pitt Millions Of Dollars In Debt?
(DBN)

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Aviation:

Malaysia Airlines 'technically bankrupt': CEO Malaysia Airlines' new CEO is off to a good start but doubts loom about the airline's future Will cut about 6,000 jobs
(DBN)

Passenger jet nearly collides with drone in midair; lasers target planes
(DBN)

Why airplane windows have tiny holes
(DBN)

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Debt Collection:

BofA fined $30M for improper debt-collection practices
(DBN)

____________

Software:

CEO of bankrupt Linux company says employee lawsuits put it out of business
(DBN)

Creditors trying to force Thinkstream into reorganization
(DBN)

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Mass Torts:

New Discovery Order Requiring Greater Transparency Regarding Bankruptcy Trust Claims in Southern California Asbestos Litigation
(DBN)

The DOJ is About to Take General Motors on a Rough Ride
(DBN)

Jury in Delaware awards $100M to 51-year-old woman in mesh case
(DBN)

Judge Upholds Convictions in Peanut Corporation of America Case
(DBN)

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Museums:

Settlement deal puts Evergreen Aviation & Space Museum on firmer ground
(DBN)

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Water:

Bankruptcy case could leave hundreds without water
(DBN)

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Soccer:

Indicted former FIFA VP actually cited an Onion article to defend himself Sepp Blatter wins fifth term as FIFA president despite corruption Fans don't care if FIFA is corrupt FIFA Scandal Explained in 2 Minutes
(DBN)

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Advertising:

PennySaver files for bankruptcy in the wake of lawsuits
(DBN)

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Bankruptcy Crimes:

Former Owner of Gallup-Based Oil Distributor Sentenced to Prison for Federal Bankruptcy Fraud Conviction
(DBN)

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Taxis:

Don't blame Uber for being an attractive job opportunity for many Americans
(DBN)

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Environmental:

Prosecutors oppose motion to move W.Va. chemical spill case
(DBN)

____________

Personal Finance:

Why Kevin O'Leary flies first-class, but puts his kids in economy
(DBN)

Survey: Married and Engaged Couples Struggle With Debt
(DBN)

____________

Corporate Reform:

SEC Names Goldman’s Donohue Chief of Staff
(DBN)

The SEC Gets High Living Debtor Sent To Jail In Greenberg
(DBN)

____________

Politics:

Fact Check - Huckabee: The Supreme Court "can’t overrule the other two" branches of government.
(DBN)

The next president needs to speak up about housing right now
(DBN)

Debunking the Benghazi Myths
(DBN)

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New Bankruptcy Opinions
(7 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 (14 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:

Changing Nature of Consumer Debt Influences Decline in Bankruptcy Filings
(DBN)

Bankruptcy League Tables
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Automatic Stay:

Is an Underinsured Motorist Policy Subject to the Automatic Bankruptcy Stay?
(DBN)

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IP:

Trademark Licensees Beware: The Hypothetical Test Lives On in the Third Circuit
(DBN)

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Finance:

Dashed Expectations: Delaware Court Rules Make-Whole Premium Not Payable Upon Early Repayment of Bond Debt in Bankruptcy
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

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Standing:

Delaware Courts Continue to Clarify Creditor Standing With Respect to Insolvent Companies
(DBN)

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Derivatives:

Can ISDA’s Close-out Protocol Stay the Next Lehman Brothers?
(DBN)

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Avoidance Actions:

No Decision From Eighth Circuit on Validity of Ponzi Scheme Presumption
(DBN)

Liquidators for Two ICP Asset Mgt. Funds Sue Barclays For Fraudulent Transfers
(DBN)

Actions Speak as Loud as Words in Deprizio Waivers
(DBN)

____________

Sales:

Credit Bidding Alert: Fifth Circuit Rules That Inaction Results in Waiver of Right to Credit Bid
(DBN)

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Jurisdiction:

Wellness: To Consent or Get the Bankruptcy Judge Anyway
(DBN)

U.S. Supreme Court Holds Implied Consent Sufficient for Bankruptcy Court Jurisdiction
(DBN)

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Discharge:

Fifth Circuit Narrows Fraud Dischargeability Claims
(DBN)

____________

Insurance:

E&O Carrier’s Duty to Defend Was Triggered Because Allegations that the Insureds Mismanaged Debtor’s Trust Account Concerned Professional Services for Others
(DBN)

____________

TBTF:

Failure resolution not breakup
(DBN)

____________

Coal:

Alabama's Birmingham Coal & Coke files for Chapter 11 bankruptcy
(DBN)

The American coal industry is collapsing Coal Facing Worst Year Yet in 2015
(DBN)

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Compensation:

WaMu 'Golden Parachutes' Contested
(DBN)

____________

Student Debt:

The US has a festering student loan problem
(DBN)

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Sovereigns:

Sovereign Debt Update
(DBN)

Griesa tells 'me too' bondholders to negotiate with appointed mediator Argentina 'Me-Too' Bond Holdouts Seek Equal-Treatment Ruling Bondholders piggyback off Paul Singer's battle with Argentina
(DBN)

US judge issues no ruling in latest hearing on Argentine bond dispute
(DBN)

Ukraine says debt restructuring talks with creditors picking up pace
(DBN)

____________

UK:

Queen Elizabeth II is making too much money
(DBN)

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EU:

Forum shopping – the end of an era?
(DBN)

Europeans are so sick of being unemployed that they're working fake jobs at fake companies
(DBN)

Eurozone PMI rises, but lower than estimate
(DBN)

How To Make Europe’s Turnaround Permanent
(DBN)

____________

PIIGS:

Greek prime minister Alexis Tsipras says we're seeing 'the complete abolition of democracy in Europe' Greek PM slams creditors in 'defiant' tirade EU's Juncker warns against Greek exit from euro How Greece is playing the ECB for chumps Varoufakis’s Great Game Greece, creditors agree on need for quick deal as talks continue Savers pull cash out of Greece Greece continues talks on aid, deal unlikely on Sunday: sources Can a Few Chocolate Euros Stop a Grexit? Deutsche Bank Breaks Down Greece's Possible Futures
(DBN)

ie: Drumm rejects IBRC challenge to bankruptcy appeal David Drumm accuses IBRC of personal attack Accountability among Ireland's elite? Don't bank on it
(DBN)

Spain, Italy Manufacturing Strengthen on Euro Boost
(DBN)

____________

Canada:

The “bitter bidder”: late bids in insolvency sales processes
(DBN)

Bankruptcy rates drop
(DBN)

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Russia:

Russia's Football Governing Body Ousts President Amid Bankruptcy Fears
(DBN)

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Australia:

Twice-bankrupt developer Craig Gore banned permanently from financial services
(DBN)

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Hungary:

Hungary's central bank says number of foreign currency personal loans is dangerously high
(DBN)

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China:

Slow payments force more firms to fold
(DBN)

China HSBC PMI at 49.2 in May, contracts third month, export orders near two-year low
(DBN)

____________

Brazil:

Brazil's economy shrinks by 0.2%
(DBN)

____________

Mexico:

Junk + Junkier = Less Junky in Mexican Bond Market Topsy Turvy
(DBN)

____________

MENA:

Islamic State is a threat to attack U.S.: CIA chief
(DBN)

How Did Egypt's First Elected President End Up on Death Row?
(DBN)

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