June 17, 2015

The Daily Bankruptcy News

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Law:

Former Dewey employee testifies he reclassified money paid to firm chairman Ex-Dewey employee testifies on payment reclassification to chairman
(DBN)

Dewey Client Manager Says Firm Missed Collections Target
(DBN)

Why a Top Law Firm Teaches Its Lawyers to Be More Like MBAs
(DBN)

Law firms face prospect of senior lawyers being too poor to retire
(DBN)

Biglaw Divorce Gets Nasty As Ex-Wife (Bankruptcy Lawyer) Cross-Examines Former Husband
(DBN)

Colt Targets O'Melveny As Debt Forces Bankruptcy Filing
(DBN)

Former law firm head accused of faking invoices worth $7m
(DBN)

Business of Law
(DBN)

The Capital of Diversity
(DBN)

What is the Value of Law Firm Rankings?
(DBN)

Graduate Student Loan ‘Horror Stories’ Are the Point
(DBN)

New Mexico Appoints Two Internal Co-Deans
(DBN)

Houston Law School Ranked High for Networking
(DBN)

Service Partner Resurrected?
(DBN)

NYLJ: Rising Stars
(DBN)

Student Loans Bite Lawyer In The ---
(DBN)

States Are Looking To Bolster Their LRAPs
(DBN)

Should You Leave Law and Learn to Code? A Conversation with Lawyer-Turned Programmer Will Ha
(DBN)

Summer School – Unexcused Absence
(DBN)

Kill The Bar Exam
(DBN)

Why Our Work Product Quality Has Gone Down And What To Do About It
(DBN)

The best time of the morning to drink coffee if you have a 9-to-5 job
(DBN)

When Lawyers Are Asked To Leave - The Art Of The Cover Story
(DBN)

FBI investigating St. Louis Cardinals for hacking Astros: report
(DBN)

Charges change against former Utah AG Shurtleff; pay-to-play, law firm counts are dropped
(DBN)

Lawyers disqualified from suit after claims they schemed with client to make secret s-- video
(DBN)

Lawyers receive notices to appear for ‘clients’ they never represented; tampering probe is underway
(DBN)

Terrible Tale Of Attorney With Murder In His Heart
(DBN)

Stolen bronze baseball statues had made law firm a local landmark
(DBN)

Facial Recognition May Not be Legal
(DBN)

NAACP Imposter Sued School Over Race Claims
(DBN)

Former Ravens cheerleader pleads guilty to r--- of teenager in Delaware
(DBN)

Man arrested as teen has waited 7 years in Rikers for trial
(DBN)

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Judges:

Morgan County welcomes new US Bankruptcy Judge
(DBN)

Judge: "I'm thinking about moving to Miami"
(DBN)

BK NV: Bankruptcy Bugle newsletter
(DBN)

Bad Briefing Begets Brutal Benchslap
(DBN)

Trial looms for Sheriff Joe Arpaio in DOJ suit alleging retaliation against judges and others
(DBN)

Judge cuts $2.4M ‘Cadillac Escalade’ legal fee bid by Beastie Boys, OKs $700K ‘Honda Civic’ award
(DBN)

Judge blasts ‘hookup’ culture
(DBN)

Ruth Bader Ginsburg - America's New Sweetheart, Replacing Mary Tyler Moore
(DBN)

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Wall Street:

U.S. stock futures pop higher ahead of Fed
(DBN)

U.S. stocks roll higher as Fed meets
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

How Elizabeth Warren Became an Advocate for Student Loan Reform
(DBN)

George P. Cohan - Sheer Recklessness In Even Trying To Game Debt-Repayment System
(DBN)

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Retailing:

Here’s Your Last Chance To Do Anything With A RadioShack Gift Card
(DBN)

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Aviation:

Sun Country's Marty Davis Talks "Ultimate Shutdown" as Pilots Union Fights for Higher Wages
(DBN)

United Airlines to end service at JFK
(DBN)

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Gambling:

Caesars hit with $6 billion lawsuit tied to restructuring UMB Bank hits Caesars with $6 billion lawsuit tied to restructuring
(DBN)

Caesars Senior Lenders Sue in Rebuke to Restructuring Plan
(DBN)

Taj Owner and UNITEHERE Union Exchange Jabs
(DBN)

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Education:

In bankruptcy, N.J. private school for disabled children seeks $200K sale
(DBN)

The real reasons a college degree costs so much
(DBN)

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Ethanol:

Archer Daniels Midland offers no settlement in defunct ethanol plant suit
(DBN)

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Healthcare:

ME: Brunswick hospital files for bankruptcy Parkview hospital files for Ch. 11, plans merger with Mid Coast Parkview bankruptcy: Reorganization of Brunswick hospital relies on Mid Coast merger, shuns Lewiston partner Proposed Merger Could End Two Hospitals' Contentious Relationship
(DBN)

HDL hits pause on $84M lawsuit
(DBN)

Poll: 73% Say Drug Prices are Too High
(DBN)

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Electricity:

Hunt-led group of creditors could upend NextEra bid for Oncor
(DBN)

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Weather:

Pope denounces world leaders for “lack of conscience” in fossil fuels debate
(DBN)

New NASA data show how the world is running out of water
(DBN)

California Water Cuts Leave Upscale City Days Away From Running Out Of Water
(DBN)

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Skiing:

Ski mountain's owners faced costly legal defeat before filing for bankruptcy
(DBN)

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Economy:

IMF: Trickle Down Economics is Nonsense
(DBN)

Economic recovery hits another milestone
(DBN)

Caution reigns as Fed and Greek uncertainty rumble on
(DBN)

CNBC Fed Survey: Wall Street Sees Fed Rate Hike in 3Q
(DBN)

Do Teenagers Still Believe in the American Dream?
(DBN)

Only those with advanced degrees are gaining in income
(DBN)

At stake in a financial meltdown: $26 trillion?
(DBN)

The poorest Americans can’t even afford to rent
(DBN)

5,000 U.S. Households Worth More Than $100 Million
(DBN)

5 things millennials actually do own
(DBN)

11 chilling predictions for what the world will look like a decade from now US in 25: More Taxes, Spending, Debt
(DBN)

Researchers: 'More than half of US pregnancies are unintended'
(DBN)

U.S. Charitable Giving Hits Record High
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Housing Seesaws to Recovery Despite May Setback in U.S. Starts
(DBN)

US building permits near eight-year high; starts pull back
(DBN)

Why the homeownership rate will keep falling – and falling, and falling
(DBN)

Mortgage applications drop 5.5% on rising interest rates
(DBN)

CoreLogic: 254,000 US Properties Regained Equity in the First Quarter of 2015
(DBN)

Chicago: High-end North Shore homebuilder declares bankruptcy —sort of
(DBN)

Building permits surge in May as apartment demand soars Strongest since January 2007
(DBN)

Why aren't more new homes being built?
(DBN)

More homeowners are paying their mortgages on time
(DBN)

Letters from unknown ‘Watcher’ spark suit against seller of upscale home and title company
(DBN)

Wells Fargo: Most potential homebuyers don’t understand mortgages
(DBN)

Fannie Mae Shareholders Optimistic About Recent Rulings
(DBN)

Rolling Acres Mall sale thwarted by another bankruptcy filing
(DBN)

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Municipalities:

EM: Detroit turnaround incomplete without solid schools
(DBN)

Many dissenting voices over Puerto Rico bill
(DBN)

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Oil/Gas:

Drill, drill, drill! And then maybe go bankrupt
(DBN)

Global Oil Production Substantially Lower Than Believed
(DBN)

Oil Job Losses Mount for Canada
(DBN)

Petrobras delays cuts to July when govt meets for oil plan- sources
(DBN)

Cal Dive asks court for speedy auction after $17m asset bid
(DBN)

Sabine Oil skips interest payment on acquired Forest Oil bonds after loan default
(DBN)

Embattled Primera Energy could be liquidated Primera Energy due back in bankruptcy court on Wednesday morning
(DBN)

IEA’s “missing barrels” may take a bite out of crude supply glut
(DBN)

Shares for railcar manufacturer plunge on concern oil drop will hurt demand
(DBN)

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Consumer Finance:

Goldman Sachs to venture into small loans
(DBN)

The Real Cost of Predatory Lending
(DBN)

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Accounting:

EY fined for conflict of interest over Hellas
(DBN)

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Politics:

Donald Trump Says He's Running For President 'I Will Be Greatest Jobs President God Ever Created' Trump Exaggerating His Net Worth (By 100%) In Presidential Bid 6 reasons you can’t believe anything Donald Trump says about his $9 billion net worth Only President Trump Knows Real Unemployment Rate How Donald Trump Bought A Mansion Once Listed At $100 Million For Pennies on The Dollar Trump: I'll Force Ford to Cancel Mexico Plant Five things I've learned from Donald Trump Fact Check: The last quarter, it was just announced, our gross domestic product … was below zero
(DBN)

Jeb Bush and a giant Ponzi scheme: Did the GOP candidate help a Miami hustler defraud his shareholders?
(DBN)

Who said it? - Jeb-Hillary quiz
(DBN)

A housing bubble made Jeb Bush look great — and then it tanked Florida’s economy FactCheck: Jeb's Economic Goals
(DBN)

4 Attend Santorum Campaign Stop Thousands Attending Sander's Campaign Stops
(DBN)

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Guns:

Why Gun Manufacturers Are in Serious Financial Trouble
(DBN)

Colt Owes Money to NRA, Political Consultants
(DBN)

Colt Bankruptcy Asks to Shed Debt Burden To Avoid Being Sold Off in Pieces
(DBN)

Bondholders clash with Colt as US gun maker's bankruptcy begins
(DBN)

Colt failure more mismanagement than guns
(DBN)

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Entertainment:

Tampa: The Fox Jazz Club files Ch. 11 bankruptcy , will remain open
(DBN)

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Personal Finance:

This is what you should be paying your baby sitter
(DBN)

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Banking:

The Rapid Decline of America's Community Banks
(DBN)

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Religion:

Archdiocese moves to hire Joseph Dixon III for special criminal defense
(DBN)

Archbishop's resignation could spur donations to parishes
(DBN)

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Communications:

Taylor Corp. buying Standard Register likely good for employees, bad for suppliers
(DBN)

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Celebs:

Sonja Morgan has a plan to bounce back from bankruptcy
(DBN)

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Financial Literacy:

Doing More, Not Less, to Save Retirees From Financial Ruin
(DBN)

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Tax:

WalMart's $76bn in Overseas Tax Havens
(DBN)

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New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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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Professional Compensation:

Opinion analysis: Divided Court rules that “American Rule” bars fees for litigation over attorney’s fees in bankruptcy
(DBN)

No Fees on Fees for Bankruptcy Lawyers
(DBN)

Supreme Court denies law firm payment for defending right to be paid
(DBN)

Lawyers React To Justices' Ruling In Baker Botts Fees Case
(DBN)

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Bankruptcy Litigation:

Deepening Insolvency: A Viable Theory of Damages in the Eleventh Circuit
(DBN)

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Plan Confirmation:

Momentive Plan Confirmation Affirmed: I Can See Clearly Now the Claim Has Gone
(DBN)

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Sales:

Bankruptcy sale of 9/11 memorial raises ire
(DBN)

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TBTF:

Former AIG Chief Greenberg to Appeal Ruling in Government Bailout Case
(DBN)

How Davis Polk and N.Y. Fed structured ‘illegal’ AIG takeover
(DBN)

Hank Greenberg's immoral victory
(DBN)

What AIG Won When Court Awarded Nothing in 'Harsh' Bailout Complaint
(DBN)

Judge’s Ruling On Government's AIG Takeover Leaves Some Bailout Questions Unanswered
(DBN)

Revisiting Fannie Mae and Freddie Mac Takings Lawsuits in the Wake of AIG Decision
(DBN)

Judge Wheeler's Opinion in Starr, and Is There Any Read Through to FNMA?
(DBN)

More on AIG: Between Hysteria and Complacency
(DBN)

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Corporate Reform:

Feds Get Aggressive In Pursuit Of Their White Collar Criminal Theory - Case Of Derian Eidson
(DBN)

SEC Chair’s Conflicts Fuel Sympathy for Wall Street, Group Says
(DBN)

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Rail:

Railroads share coal industry’s problems
(DBN)

____________

Photography:

These powerful photos of people living with debt will make you feel not alone
(DBN)

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Environmental:

Freedom, DEP reach $2.5 million deal on spill site cleanup
(DBN)

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Coal:

Coal miners union objects to Patriot Coal bankruptcy plan
(DBN)

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Theme Parks:

Court case could decide future of former Adirondacks theme park
(DBN)

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Telecoms:

LightSquared $1.5B bankruptcy exit leveraged loan quoted atop new-issue price in secondary
(DBN)

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Tech:

GTAT seeks new extension on financing plan
(DBN)

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Sovereigns:

Stiglitz comes to the rescue of Argentina and Greece on debt restructuring
(DBN)

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UK:

Bank of England officials unanimous in keeping rates on hold
(DBN)

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EU:

Will Europe really risk it all for a few crumbs from Greek retirees? Majority of Germans think Grexit great idea
(DBN)

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PIIGS:

How to know when Greece is about to exit the euro The odds of a Greek default just spiked Greek PM tears into lenders as euro zone prepares for 'Grexit' Greek central bank sees ‘uncontrollable crisis’ if no bailout Wall St predicting Greek tragedy: CNBC Fed Survey Greece is 'staring down the barrel at default' The Slow Motion Greek Bank Run Gathers Pace Greeks are stashing €10,000 bundles in their homes in fear of Grexit
(DBN)

Greek PM tears into lenders, euro zone prepares for 'Grexit' We've only just begun, Tsipras says Greece Rules Out Offering New Bailout Concessions IMF has 'criminal responsibility' for Greek crisis: PM 5 takeaways from Alexis Tsipras' latest zingers A Greek suicide wouldn't hurt the rest of the eurozone Greeks Brace for More Economic Pain, Bailout Deal or No We cannot escape economic impact of the Greek crisis Greek leader, top EU executive clash over austerity claims Alexis Tsipras launches scathing attack on IMF as Greek authorities vow to fight desperate state cash grab Europe has nothing to fear from Syriza's belligerence Europe's secret fear about Greece Cramer: Greece default coming Greek Crisis Could Drag on Throughout the Summer The crumbs of Greek pensioners This man could win if Greece quits the euro The trump card the ECB could use on Greece
(DBN)

Will Grexit cause the most predictable crash ever?
(DBN)

____________

Canada:

'No More Secret Deals' for US Steel, Steelworkers Say
(DBN)

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Australia:

Mining magnate Gina Rinehart's two eldest children say that she committed 'fraud' by allegedly deceiving them into signing away the deeds to their inheritance
(DBN)

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China:

China adds a million millionaires in a year
(DBN)

The China Bubble is Going to Burst
(DBN)

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Russia:

Relief Delayed for Russian Consumer Debtors?
(DBN)

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Jamaica:

Jamaica teetered on brink of bankruptcy , says Finance Minister
(DBN)

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Finland:

Finland to inject more funds into troubled nickel mine
(DBN)

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Brazil:

Brazil power producer Eneva missed June 15 debt payment
(DBN)

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