June 16, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

U.S. Supreme Court bars some fees sought by bankruptcy lawyers Professionals Are Not Entitled to Fees for Defending Fee Apps Biglaw Firm Suffers SCOTUS Defeat
(DBN)

The 25 US law schools that offer the best financial aid
(DBN)

Chapman & Cutler Adds NY Bankruptcy Partner
(DBN)

Bankruptcy Lawyer: How to get through a 100-mile race
(DBN)

Bankruptcy Lawyer: How To Love A Lawyer
(DBN)

Rolling Out The App, Polsinelli Authors Say "The Devil Made Us Do It"
(DBN)

Jacksonville Bankruptcy Bar Association installs 2015-16 leadership
(DBN)

An Interesting Dilemma For Laid-Off Lawyers
(DBN)

For In-House Counsel, Work Is Happening Online
(DBN)

4 Ways Associates Screw Up
(DBN)

The Firm That Topped The 2nd Annual ATL Summer Trivia Showdown
(DBN)

New Lawyers In Solo Practice Incubators Are Starving For Work
(DBN)

Colorado court: Workers can be fired for using (legal) pot off-duty
(DBN)

Asked to appeal capital sentence, BigLaw lawyer gets pro bono client freed from prison
(DBN)

Lawyer is accused of trying to hire hit man after poisoning attempt fails
(DBN)

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Judges:

A View from the Courtroom: The Goldbergs
(DBN)

Federal judge sees late-night deadline issue as ‘sad commentary’ on lives of associates
(DBN)

6th Circuit criticizes federal judge who told lawyer to shut up, improvised jury instruction
(DBN)

Hacks Desperately Try To Disprove Deflategate
(DBN)

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Wall Street:

Stock futures drop on Fed, Greece worries
(DBN)

U.S. stocks slide on disappointing data, Greek financial woes
(DBN)

Only one business on Wall Street has been growing consistently since the crisis
(DBN)

Wall Street’s best are doing better than ever
(DBN)

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Layoffs:

Gap plans to close stores, cut jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Woodlands-based health system files for Chapter 11 San Antonio hospital could be sold Future of Loop 1604 medical campus clouded by Victory Healthcare's bankruptcy filing
(DBN)

EPCH: Running the numbers
(DBN)

Millennium Loan Plunges as Lab Tester Negotiates U.S. Settlement
(DBN)

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Food/Beverage:

Saladworks acquired for $16.9M
(DBN)

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Art:

Art investor accused of hiding long-lost JMW Turner painting worth £20m
(DBN)

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Retailing:

Gap to close 175 stores and lay off 250 HQ workers How millennial shoppers have made Gap's 'basic' look obsolete
(DBN)

New Frederick’s of Hollywood’s owner Authentic Brands Group will wholesale to department stores, partner with retailer
(DBN)

Anna's Linens Files for Chapter 11 Protection, Aims to Sell Chain
(DBN)

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Politics:

Jeb Bush announces bid for 2016 presidential run Jeb Bush's Truth-O-Meter record
(DBN)

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Weather:

What cuts to California water rights really mean
(DBN)

Class Warfare Started with California Drought
(DBN)

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Communications:

New (strategic) buyer emerges for Standard Register, tops previous $275M bid
(DBN)

Financial advisors for unsecured creditors sent $400K bill to Standard Register for April
(DBN)

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Mining:

Molycorp skipping an interest payment Molycorp to Use Grace Period to Evaluate Ways to Restructure Debt
(DBN)

Resource Tycoon Timis Faces Investor Anger as Miner Implodes
(DBN)

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PACA:

Providing Notice Under the Perishable Agricultural Commodities Act: Get it Exactly Right, or Risk Not Getting Paid
(DBN)

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Celebs:

50 Cent Wants his Money Back!
(DBN)

SEC charges ex-Mike Tyson financial adviser with fraud
(DBN)

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Economy:

Industrial production declines in May NY Fed: Empire State Manufacturing Survey indicates "conditions worsened slightly" in June U.S. factories in a technical recession
(DBN)

Fed on track for September rate hike as economy picks up: Reuters poll Why nobody believes the Federal Reserve’s forecasts
(DBN)

Fed's worst nightmare: The 'ghost of 1937'
(DBN)

Investors can pay now for Fed rate hike, or pay more later
(DBN)

Millionaires control 41% of world's wealth
(DBN)

Yellen's message this week: Rate hikes coming
(DBN)

C’mon Greece, You’re Making It Tougher for the Fed to Hike Rates
(DBN)

Soon North America won't be richest region
(DBN)

Paul Krugman says Davos Democrats are over, and the leading Davos Democrat agrees
(DBN)

11 stunning facts about how Kansas treats the poor
(DBN)

Why your middle-class salary is better than you might think
(DBN)

This sentence explains the striking importance that income inequality has for the economy
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

US home builder sentiment rises in June: NAHB
(DBN)

Here’s where California went all wrong with the National Mortgage Settlement
(DBN)

These 5 charts show the very best housing markets in America for families
(DBN)

Update: Real Estate Agent Boom and Bust
(DBN)

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Municipalities:

How Detroit is rising from the ashes
(DBN)

These common tax breaks are a disaster for small business
(DBN)

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Oil/Gas:

Oil falls below $60; natural gas jumps U.S. crude supported by Gulf of Mexico storm Oil Demand Weaker Than Many Expect Here’s what’s fueling a natural-gas price rally
(DBN)

Biggest, Longest Oil Glut in Three Decades Oil Prices Up When They Should Have Fallen
(DBN)

Oil Rout Doesn't Hit Houston's Economy
(DBN)

North Dakota drill rig count drops to lowest since 2009
(DBN)

Sabine Oil & Gas skips $21 million interest payment
(DBN)

Norway's Statoil to cut up to 1500 jobs by end of 2016
(DBN)

U.S. Trustee moves to liquidate Primera Energy
(DBN)

A massive discovery in Mexico could mark the dawn of a new oil boom
(DBN)

This U.S. Shale Play Has Flattened Out Substantially
(DBN)

Willbros continues to sell off business units after spate of investor activism
(DBN)

Petrobras Lowers Rig Activity: Are Drillers Threatened?
(DBN)

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Guns:

Gun maker Colt fights for survival as it files for bankruptcy Colt Pulls the Trigger on Bankruptcy Filing Colt Bankruptcy Bucks Surge in Gun Sales Behind Colt's Bankruptcy, Financial Engineering That Backfired Colt Defense targets quick exit from bankruptcy Colt Seeks Bankruptcy Protection After Being Outgunned on Sales Colt Defense LLC Files For Bankruptcy -- Now What?
(DBN)

Colt Backer Faces Test to Hang On To Gun Maker Colt Insider's Bid for Control Sets Up Bankruptcy Court Showdown
(DBN)

Gun maker Colt up for auction. Opening bid: $0
(DBN)

Colt sponsor Sciens locks and loads stalking horse bid of its own Colt’s proposed insider sale to Sciens will heighten scrutiny, temper pace and trigger tension with DIP lenders
(DBN)

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Religion:

Minnesota Archbishop Steps Down After Rocky Eight-Year Archbishop John Nienstedt resigns after charges against archdiocese Term
(DBN)

Pope Francis has started making good on his abuse scandal promise
(DBN)

Pope Francis’s anticapitalist revolution launches on Thursday
(DBN)

Vatican orders former archbishop to stand trial for abuse
(DBN)

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Skiing:

Willard Mountain files for bankruptcy as owners seek potential buyer
(DBN)

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Student Debt:

A default on your student loans can harm someone you may not have guessed
(DBN)

There is a perverse conflict of interest in the student loan business
(DBN)

Guy who suggested you default on your student loans: 'I'm crucified by the pampered elite media'
(DBN)

The high costs of student loan debt
(DBN)

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Tech:

Micron stock falls to 14-month low
(DBN)

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Coal:

Crunch Time For The US Coal Industry
(DBN)

Bankers see hope for coal despite funding woes
(DBN)

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Shipping:

Should industry experts be optimistic about the shipping industry?
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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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Bankruptcy Statistics:

Polsinelli's Jim Bird talks top five distressed industries
(DBN)

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Plan Confirmation:

Losing Momentive: A Roadmap to Higher Cramdown Interest Rates
(DBN)

Can You Vote More Than Once? The Bankruptcy Code's Current "Numerosity" Standard Under Section 1126(c) and Possible Reform
(DBN)

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Professional Compensation:

Bankruptcy Lawyers Lose Fee Dispute in SCOTUS High court rules against law firm in bankruptcy fee fight Supreme Court Decides Baker Botts L.L.P. v. ASARCO LLC
(DBN)

Explaining Disparities in Professional Fees Charged Private Equity Funds
(DBN)

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Fraud:

MF Global: The In Pari Delicto Defense is Alive and Well
(DBN)

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Lien-Strripping:

Discussing Bank of America v. Caulkett
(DBN)

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TBTF:

Judge Rules in Former AIG Chief Greenberg's Favor in Bailout Trial, Damages: $0.00 A bunch of people wanted to punish the government for bailing out AIG — here's why they all just got hosed Judge rules for ex-AIG CEO Greenberg over 2008 bailout, but no damages Court says Fed broke the law but won't pay a price Moral Victory Pyrrhic victory
(DBN)

How Boies Did It: Relentless Focus on U.S. Unfairness to AIG
(DBN)

In A.I.G. Case, Surprise Ruling That Could End All Bailouts
(DBN)

Andrew Ross Sorkin in SO Wrong about Starr v. Board
(DBN)

Greenberg Won What He Wanted in AIG Bailout Suit Without Damages
(DBN)

Judge Adds The Fed To List Of Financial-Crisis Lawbreakers In AIG Ruling
(DBN)

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Gambling:

Casino union planning 'mass civil disobedience' in Atlantic City
(DBN)

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Sovereigns:

Nobel Laureate in Economics, Joseph Stiglitz: A Rule of Law for Sovereign Debt Sovereign debt needs international supervision
(DBN)

Ukraine fulfilling all debt obligations, moratorium still an option - minister
(DBN)

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EU:

Draghi seeks to keep ECB above Greek fray
(DBN)

Aggressive contagion from Greek crisis engulfs euro zone bonds
(DBN)

Top EU court clears ECB's 2012 bond-buying scheme
(DBN)

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PIIGS:

Greek shares fall for third day as euro exit fears grow No sign of reconciliation between Greece, creditors after talks failure Amid turmoil, Greece says it’s ready to resume talks Poll: 7 in 10 Greeks Want the Euro at Any Cost Europe Asks if Greece Could Default Without Exiting Euro Greece's economy faces a major lockdown if it can't agree to a deal to by the weekend
(DBN)

Lenders have already made big concessions to Greece: EU Commission Ball in Greece's court in debt talks: ECB's Draghi Greece Prime Minister Alexis Tsipras Remains Defiant Defiant Tsipras accuses creditors of ‘pillaging’ Greece Greek PM: waiting for creditors to be realistic Greece on 'brink of disaster,' calls emergency meeting ECB will keep funding lifeline for Greece open if banks solvent Greek banks see deposit outflow of $449 million on Monday: bankers Question Time: Is it too late for a Greek deal on its debt? Europe anger at 'amateurish' Greeks US stocks sell off as Greek worries mount Why can't Greece just declare bankruptcy ? Greece must be saved for the sake of Europe Germany's Merkel Faces Tough Test as Greek Bailout Showdown Nears
(DBN)

This man could win if Greece quits the euro
(DBN)

Greek non-payment to ECB not a default: S&P
(DBN)

Unsustainable futures? The Greek pensions dilemma explained
(DBN)

____________

Canada:

Port Hope's Viceroy Homes Ltd. files for bankruptcy
(DBN)

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Russia:

Bank of Russia Signals Limits to More Easing After Four Cuts
(DBN)

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Africa:

Uchumi Fires CEO Who Rescued Kenyan Retailer From Bankruptcy
(DBN)

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MENA:

Qatar's secretive sovereign fund to restructure
(DBN)

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Mexico:

Judge approves debt restructuring plan for Mexico homebuilder Geo
(DBN)

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China:

China’s debt, not stocks, is too big to ignore
(DBN)

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