June 18, 2015

The Daily Bankruptcy News

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Law:

GC Uses e-Auctions to Lower Legal Spend
(DBN)

Transactional Work on the Rise at Law Firms, New Report Says
(DBN)

Ex-Dewey Employee Says Most Partners Didn't Question Backdated Checks
(DBN)

Law Firms Push For High-End Work is Short Sighted
(DBN)

BigLaw L.A. Divorce Gets Nasty As Ex-Wife (Sullivan & Cromwell, Bankruptcy) Cross-Examines Former Husband (Irell & Manella, Tax)
(DBN)

Kentucky Law Prof Retires After 50 Years: 'Shame On Us' For Explosion In Law School Tuition
(DBN)

UK: Male solicitors are paid 38% more than women at commercial law firms
(DBN)

Research: wannabe barristers are the biggest law student druggies
(DBN)

Lawyers Go Zen, With Few Objections
(DBN)

LawProse: How do you decide which Latin phrases to italicize?
(DBN)

Are General Counsel Losing Their Status as Moral Compasses?
(DBN)

Biglaw Mommy: Take Care Of Yourself
(DBN)

Who Wants All Their Student Loans Paid Off?
(DBN)

World’s Biggest Law Firm Wants To Blow Up The Whole Am Law 100 Rankings
(DBN)

The View From Up North: The Most Important Benefit of Publicly Traded Law Firms
(DBN)

New York bar mulls proposed social media rules for lawyers
(DBN)

Google’s “Mobilegeddon” Severely Impacting Blogs And Digital Content
(DBN)

When Starting A Legal Tech Company Is The Right Risk
(DBN)

2014-15 SALT Survey Of Law Professor Salaries
(DBN)

Apple Watch sales estimate: 2.79 million
(DBN)

Smartphones have made overtime culture ‘endemic’ in law, finds research
(DBN)

A coffee addict’s guide to the universe
(DBN)

The Brooklyn factory that makes suits for America's rich and powerful
(DBN)

Ralph Nader Readies Opening of Tort Museum
(DBN)

Fed up with law practice? In about a year, you can be a computer coder, says lawyer who made switch
(DBN)

Machines Are Now Deciding Whether You Deserve A Job Interview
(DBN)

Courtroom mic, left on during recess, picks up lawyer’s assertion that prosecutor is ‘in my pocket’
(DBN)

Beastie Boys Get The Gold Standard Of Legal Representation
(DBN)

College student had his life savings seized by the cops even though he was never charged with a crime
(DBN)

Female prison worker who helped escaped inmates also allegedly plotted to kill her husband
(DBN)

Nine people shot, killed during prayer meeting Lawmaker among 9 dead in Charleston shooting
(DBN)

‘Don’t Mess With Texas’ Does Not Supersede The ‘Supremacy Clause.’
(DBN)

Judge tentatively sets Ellen Pao's court costs at $275,000 — less than one-third what Kleiner Perkins wanted
(DBN)

Homeless Lawyer Disbarred
(DBN)

Complaints about c*****-touching lawyer led to firing, suit says
(DBN)

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Judges:

Judge jails woman who refused to testify; prosecutors, 2 other judges help win her release
(DBN)

Federal Judge: If you can’t afford civil justice, you don’t deserve it
(DBN)

Here's why Natalie Portman insisted on a female director for Ruth Bader Ginsberg biopic
(DBN)

SCOTUS - Only 32% Of Americans Have Confidence in it
(DBN)

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Wall Street:

Stock futures flicker
(DBN)

European stocks slump ahead of Greece talks
(DBN)

US stocks move higher after Fed statement
(DBN)

Goldman Sachs Tells Summer Interns to Leave Office by Midnight
(DBN)

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Layoffs:

Intel laying off hundreds of workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Pensions:

Government paves way for multi-employer pension plan cuts
(DBN)

Kenneth Feinberg to Oversee Cuts in Multiemployer Pension Plans
(DBN)

FedEx swings to quarterly net loss, weighed by pensions
(DBN)

States Swoop In to Save Your Retirement, Sort Of
(DBN)

____________

Shipping:

Korean Shipping Defaulter Has New Owners, Same Old Slump
(DBN)

Container ships are in serious trouble
(DBN)

____________

Celebs:

'Real Housewives' star Jacqueline Laurita's Franklin Lakes home in foreclosure
(DBN)

Sonja Morgan Bankruptcy — Judge OKs ‘RHONY’ Star’s Chapter 11 Plan
(DBN)

Poker Pro Lindgren Folds Again as Creditors Up the Ante Eric Lindgren Files For Bankruptcy With Less Than $50k In Assets
(DBN)

Money Lessons From Former NFL Player Phillip Buchanon
(DBN)

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Agriculture:

Al Harrison files Chapter 7 bankruptcy
(DBN)

____________

Guns:

Colt Duels With Bondholders Over Financing, Planned Auction
(DBN)

Gun Maker Colt Files For Chapter 11 Bankruptcy
(DBN)

Noteholders Take Shots at Colt Over Sciens DIP
(DBN)

____________

Politics:

Ten Things You Should Know About Donald Trump Fact-checking Donald Trump Donald Trump's Festival of Narcissism Donald Trump reportedly paid actors $50 to cheer for him at his 2016 announcement Donald Trump would like you to know that 'Celebrity Apprentice' is 'a very big show' Donald Trump had a response at the ready for the conservative group that trashed his candidacy
(DBN)

Rand Paul wants a federal flat tax of 14.5 percent
(DBN)

NY Times: Carly Fiorina Shows Us Just How Weird America’s Tax System Is
(DBN)

____________

Coal:

U.S. Trustee objects to Patriot Coal bid process, Blackhawk deal
(DBN)

Will Cutting Costs, Idling Mines Help Walter Energy?
(DBN)

Met Coal Hits Lowest Price in a Decade
(DBN)

Can US Coal Miners Dodge the Bankruptcy Bullet?
(DBN)

____________

Banking:

Purchase will infuse American Founders Bank with new capital
(DBN)

Believe it or not…Barney Frank set to join a bank board
(DBN)

____________

Advertising:

PennySaver had been in financial distress for months before closure
(DBN)

____________


Economy:

Who Wins, Who Loses When Fed Raises Rates
(DBN)

Fed: Not Yet Fed says US economy still strong enough to handle rate hike
(DBN)

Fed says it’s on course to raise rates twice this year Highlights of Yellen’s press conference ‘Dot plot’ points to big divide in Fed on how fast to raise rates Fed’s View of Fragile Economy Means Slow Path for Rate Increases
(DBN)

Janet Yellen sees possible global turmoil if no Greece deal
(DBN)

Nearly a million people became millionaires last year
(DBN)

Yellen Says Tentative Signs of Wage Growth ‘Not Yet Definitive’
(DBN)

U.S. military is largest employer in the world
(DBN)

A financial planner explains why even rich people are stressed about money
(DBN)

As the Rich Bounce Back in the U.S., the Middle Class Stays Stagnant
(DBN)

US Economic Performance by State
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

US regulator limits mortgage servicing activities at six banks Regulators: Wells Fargo, Chase, U.S. Bank still fail mortgage service tests
(DBN)

Foreclosure activity hits 19-month high on rise in REOs
(DBN)

Report: Socal Home Sales up 5% year-over-year
(DBN)

Mortgage Equity Withdrawal More Negative in Q1 2015
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey, Purchase Index up 15% YoY
(DBN)

Why homebuilders are the most optimistic they've been since before the Great Recession
(DBN)

New York’s Highest Court Brings Finality to RMBS Repurchase Claims
(DBN)

TransUnion: 1.5M hit by mortgage crisis can re-enter housing market in next 3 years
(DBN)

Receiver Recovers $2.3 Million in Firm's Fees From Fraud
(DBN)

Creditors attempt to force KC apartment developer into bankruptcy
(DBN)

The bubble in farmland prices just vanished
(DBN)

New York's foreclosure backlog is finally showing signs of shifting
(DBN)

____________

Municipalities:

Puerto Rico governor says declaring bankruptcy was option
(DBN)

Lobbyists Spar Over Puerto Rico Bankruptcy Bill; Statehood Hearing Set
(DBN)

Consent Agreement Looming? Wayne County Seeks Financial Emergency Declaration Evans wants financial emergency declared for Wayne Co.
(DBN)

San Bernardino bankruptcy plan criticized in court Keep it moving, bankruptcy judge urges
(DBN)

‘Let us never forget what we did,’ DIA chair say
(DBN)

Williamsburg County Schools in dire financial situation
(DBN)

Robert Reich: Elites are waging war on public education
(DBN)

Pennsylvania lawmakers get experts’ take on proposed municipal pension fixes
(DBN)

10 most miserable cities in America
(DBN)

____________

Oil/Gas:

Oil prices up on weak dollar, hopes of Greek talks progress
(DBN)

The biggest oil glut in history is taking shape
(DBN)

Small U.S. frackers face extinction amid drilling drought
(DBN)

How Big Oil Was Saved From The Oil Price Crash
(DBN)

OPEC revenues slump below $1 trillion for first time since 2010
(DBN)

Judge unlocks bank accounts allowing Primera Energy to pay its employees Court unlocks Primera salaries— except for CEO Investors: Alfaro refuses to turn over financial records
(DBN)

Hercules Gets Majority of Creditors to Support Bankruptcy Plan
(DBN)

Low Oil Prices Prompt Statoil To Cut Even More Jobs
(DBN)

Plano driller Torchlight avoids delisting as stock rebounds
(DBN)

____________

Education:

Elizabeth Warren: The Tuition Is Too Damn High
(DBN)

____________

Taxis:

Uber drivers are employees, not contractors: California Labor Commission The Beginning Of The End For Uber? A California Ruling Just Challenged Uber's Entire Business Model Uber is facing a potentially huge blow in California California labor commission rules Uber drivers are employees, which could clobber the $50 billion company Meet the lawyer fighting to get Uber and Lyft drivers classified as employees Ex-Uber driver says she used her experience running a phone s-- company to beat Uber in court
(DBN)

New York City has seized 496 Uber cars for illegal pickups
(DBN)

____________

Telecoms:

AT&T gets hit with a $100 million fine from the FCC
(DBN)

____________

Fraud:

Will Preet Bharara Take His Insider-Trading Smackdown to the Supreme Court?
(DBN)

____________

Religion:

Archdiocese Seeks Judge's Permission to Hire Criminal Defense
(DBN)

Pope Francis is about to make some powerful enemies
(DBN)

____________

Gambling:

Atlantic City casino workers plan protest over benefit cuts Casino union: Carl Icahn is 'a malignancy' in Atlantic City
(DBN)

Caesars Entertainment hit with $6B lawsuit
(DBN)

____________

Retailing:

Former RadioShack Real Estate Sold for More Than $50 Million
(DBN)

Macy's Real Estate Has Shareholders Salivating
(DBN)

Anna’s Linens Files With Sale and Liquidation Plans
(DBN)

Meet the average Wal-Mart shopper
(DBN)

Gap's tale of 2 brands shows that Americans are strapped for cash
(DBN)

____________

Art:

Bankrupt Art Investor Accused Of Concealing £20 Million JMW Turner Painting
(DBN)

____________

Mass Torts:

U.S. Chamber Applauds Enactment of Texas Law to Curb ‘Double Dip’ Asbestos Claims
(DBN)

____________

Communications:

Delaware bankruptcy judge tentatively OKs sale of Standard Register assets to Taylor Corp.
(DBN)

____________

Food/Beverage:

Judge Approves Sale of Gourmet Dining to Genesis Merchant Partners
(DBN)

Debt Weighs On Weight Watchers as Dieters' Habits Change
(DBN)

____________

Student Debt:

Simkovic: Understanding Student Loans
(DBN)

____________

Personal Finance:

A debt attorney shares 5 unexpected steps to build wealth
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (1 new filing 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)

______________

Cross-Border:

Fifth Circuit Curtails Remand and Abstention Remedy for U.S. Litigation Broadly Related to Foreign Debtor Chapter 15 Bankruptcy Proceedings
(DBN)

____________

Discharge:

Seventh Circuit Says Violations of Wisconsin’s Theft-by-Contractor Statute Are Not Dischargeable in Bankruptcy
(DBN)

____________

SCOTUS:

Did Justice Thomas Foreshadow the Downfall of Obamacare in Baker Botts?
(DBN)

____________

Plan Confirmation:

Cramdown Hurdles Round 3: Try, Try Again
(DBN)

Speak Before Confirmation or Forever Hold Your Peace: Tenth Circuit Upholds Dismissal of Nondischargeability Suit After Confirmed Plan Treats Claim as “Satisfied in Full”
(DBN)

____________

Deadlines:

AT&T, Sidley Austin lawyers to appeal $40 million missed deadline case to Supreme Court
(DBN)

____________

Trustees:

Change To Timing Of Percentage Fees To Ch. 13 and Ch. 12 Trustees
(DBN)

____________

TBTF:

Court rules that federal takeover of AIG was an “illegal exaction,” but not a taking

Why the A.I.G. Verdict Kind of Makes Sense
(DBN)

Will A.I.G. Decision Affect the Next Bailout? Don't Bet on It
(DBN)

____________

Finance:

GE CEO: Kill Import-Export Bank and Get Economic Catastrophe
(DBN)

____________

Healthcare:

Maine hospital acquires former competitor in 'prepackaged bankruptcy plan'
(DBN)

Former Children's hospital CEO received $250000 severance
(DBN)

Crittenden County Voters Get Opportunity To Revive Hospital
(DBN)

Mercy Health plans to cut up to 350 positions next week
(DBN)

Health policy experts: We don’t have a solution if Supreme Court strikes down Obamacare subsidies
(DBN)

With Obamacare In Peril at Court, Government Offers Scant Relief
(DBN)

____________

History:

The Effect of Bankruptcy Law on Roman Credit Markets
(DBN)

____________

Environmental:

Airport authority files federal claim against Hawker Beechcraft for Schilling cleanup
(DBN)

____________

Hockey:

Same ownership group for Muskegon Lumberjacks files for bankruptcy in New York
(DBN)

____________

Aviation:

Two passenger jets nearly collided on a runway in Chicago
(DBN)

Plans for smaller carry-on bags got scrapped after North American passengers revolt
(DBN)

The 20 best airlines in the world
(DBN)

____________

Ethanol:

GOP Bill Would End Federal Ethanol Standard
(DBN)

Has U.S. Ethanol Production Topped Out?
(DBN)

____________

Sovereigns:

Argentina Seeks to Bar Investors Who Sold Bonds From Class
(DBN)

____________

UK:

A Premier case for VAT recovery insolvency
(DBN)

Bankrupt footballer linked to failed Ponzi scheme
(DBN)

____________

PIIGS:

Barring miracle, no Greece deal expected tonight Tsipras: Wife Will Leave If I Sign a Bad Deal The tougher the better for Tsipras’ home crowd Merkel Says Greece Deal Still Possible Only If Tsipras Moves Lagarde Rehearses Greek Dealmaker Role in Bid for Compromise Merkel is doing everything she can to keep Greece in the eurozone Greece rejects use of capital controls ahead of Eurogroup talks Greece still unlikely to reach a deal over debts despite 'moral duty' to do so Greece's Tsipras set to head to Russia for some love Greek PM Alexis Tsipras faces partner's departure should he agree to EU terms Tspiras on 'lies, damned lies' and pensions stats Greek Deal Won't Save the Country's Banks
(DBN)

Greece Has Already Cost Investors $897 Billion This Year
(DBN)

Tsipras: Greek Government Ready to Give ‘Big No’ to Bad Agreement' Greece's future in EU in doubt if talks fail, central bank warns Weidmann says ECB can't fund Greece if political talks fail ECB raises emergency funding for Greek banks by 1.1 billion euros Greece says it will run out of money by end of month without bailout deal US official urges Greece to make "serious move" for bailout deal Greece Has Made Tough Choices. Now It's the IMF's Turn. Burden of debt to IMF and European neighbors proves too much for Greece Greece : The ultimate doomsday scenario What If Greece Just Disappeared? The Economic Crisis In Greece –- As Told By An Athens Taxi Driver Greek stocks are tumbling as 'Grexit' fears ramp up The USB stick that has rattled the Greek parliament
(DBN)

Portugal offers reassurances about possible Greece contagion
(DBN)

Quinn Family Enters Mediation in 2.3 Billion Euro Loan Battle
(DBN)

10 ways to embarrass yourself in Spain
(DBN)

____________

Canada:

Yellen tells Canadian homeowners to watch out
(DBN)

Union demands access to U.S. Steel Canada bidders' list
(DBN)

Canadian Pacific asks judge not to approve Lac-Megantic derailment settlement
(DBN)

____________

Austria:

Austrian ‘Bad Bank’ Heta Reports $7.9 Billion Shortfall
(DBN)

____________

China:

China home prices reverse drop
(DBN)

____________

Ukraine:

German police have arrested one of Ukraine's most prominent bankers
(DBN)

____________

Africa:

Business Rescue Provisions of the Companies Act Clarified
(DBN)

____________

Russia:

Russia's VTB says Mechel has agreed to debt restructuring ...
(DBN)

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