June 19, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Former Dewey Rainmaker Praises Bankrupt Firm's Leaders
(DBN)

No One Questioned Backdated Checks at Dewey
(DBN)

Porter Hedges Grows Bankruptcy Practice with New Partner
(DBN)

Elliott Management Hires Ex-US Attorney Richard Zabel Preet Bharara's Lieutenant
(DBN)

When Millennials Rule The World Of Law
(DBN)

Envelopes Stuffed with Cash and Secret Offshore Companies: How $20 Million Goes Missing
(DBN)

Lawyers facing up to Grexit
(DBN)

In Wake of Bingham, Lawyers Contemplate Services Centers
(DBN)

You Can’t Be Great At Everything
(DBN)

Who Do You Identify As?
(DBN)

‘Mindfulness’ Movement Spreads to Legal Field
(DBN)

5 Key Marketing Strategies To Build An Online Marketing Blueprint
(DBN)

Have Yale Law Students Gotten Too Big For Their Britches?
(DBN)

NY Times: Put Lawyers Where They’re Needed
(DBN)

How A Business Law Attorney Uses Databases
(DBN)

Who is the mysterious cigar smoking lawyer on Instagram?
(DBN)

Lessons From the Rise of LegalZoom
(DBN)

Olswang in turmoil after whole German office quits
(DBN)

Dentons takes out adverts to lambaste American Lawyer
(DBN)

Reed Smith lawyers in uncomfortable video of the week
(DBN)

Big Law Art Collections: Dechert
(DBN)

Experienced business travelers reveal their favorite travel tips
(DBN)

This is how you choose the perfect pair of shoes for every color suit
(DBN)

How to eat a fast-food breakfast without completely wrecking your diet
(DBN)

Police arrest 21-year-old suspected of shooting 9 people in South Carolina Comprehensive Guide to Charlestown Shooting There's an incredibly interesting image on the Charleston shooting suspect's Facebook page 'This type of mass violence does not happen in other developed countries' Charleston shooting suspect's roommate: Roof was planning shooting for 6 months Before Charleston, a Long History of Attacks Dylann Roof: Drugs and Racism Gunman Feared Blacks Were Taking Over Really Fox? It Was an Attack on Christianity? Dylann Roof's Uncle: I'll Execute Him Myself Federal Judge: Evil
(DBN)

Obama is right about U.S. gun violence -- sort of
(DBN)

A man took revenge on his ex by sawing everything they own in half and selling it on eBay — Photos
(DBN)

Now It's Known Why Dolezal's Story is Bizarre
(DBN)

Everything Is Better When Lawyers STFU
(DBN)

Homeless Lawyer Is Terrible Lawyer, Says Supreme Court
(DBN)

Lawyer’s alleged gift card offer to a court assistant spurs disciplinary complaint
(DBN)

Cops Corral Notorious Mail Slot U--------
(DBN)

Wanted Man Was Wearing A "You Can Run, But You Can't Hide" T-Shirt When Apprehended By Fugitive Task Force
(DBN)

Despite Being Created By A Judge, ‘Silicon Valley’ Tackles Arbitration
(DBN)

______________

Judges:

A Woman On The $10 Bill -- The Case For RBG
(DBN)

Judge removed by top state court for long-ago conduct in class action, before she took the bench
(DBN)

Panel Overturns Court Rule Against Judges' 'Double Dipping'
(DBN)

Judge left ‘threatening’ voice mail for defendant, says lawyer now seeking jurist’s recusal
(DBN)

Judge suspended, accused of threatening ‘bullet in the head’ for cops
(DBN)

Stinging Benchslap for Fortune 50 CEO And His Attorney
(DBN)

New bankruptcy judge named for Southern West Virginia
(DBN)

______________

Wall Street:

U.S. stock futures tilt higher
(DBN)

Asian shares edge higher on Fed caution, China sell-off intensifies
(DBN)

US close : stocks higher on dovish Fed sentiment
(DBN)

What bubble? Nasdaq closes at record as stocks rally on dovish Fed
(DBN)

Stock market could soon pay the price for its hubris
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Guns:

Analysts see several reasons for Colt's slide to bankruptcy
(DBN)

Liquidation diet
(DBN)

Smith & Wesson Issues Lackluster Outlook

____________

Retailing:

Texas Sues Over RadioShack Gift Cards
(DBN)

Judge Rejects Winning Bidder for Family Christian Retail Chain
(DBN)

Kidswear Retailer Ezrani to Liquidate Assets in Bankruptcy
(DBN)

Many Traditional Shopping Malls Are on Life Support
(DBN)

We return $642 billion in goods each year
(DBN)

____________

Student Debt:

For this millennial Congressman the student loan debt fight is personal
(DBN)

Co-signing a student loan? You may never be free of it
(DBN)

____________


Economy:

Jobless claims fall to nearly 15-year low Low jobless claims reflect healthier labor market
(DBN)

US inflation stirring as energy-driven price plunge ebbs
(DBN)

Economists Find China Killing U.S. Factory Jobs
(DBN)

Fed may be getting gun-shy on rate hike
(DBN)

Obama's Betrayal of Middle America
(DBN)

How Democrats and Republicans could double economic growth
(DBN)

Rand Paul Pitches Flat Tax Fantasy Sen. Rand Paul’s radical tax bill would eliminate all deductions, except mortgages Paul's Flat Tax Proposal: Winners and Losers
(DBN)

Feds Back Defaulted Loans for Luxury Business
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Rent inflation shows no signs of letting up Apartment occupancy at all-time high: Here's why
(DBN)

 

A shack in Silicon Valley and a mansion in Austin: Here's what a $1-2 million home looks like in 7 major US cities
(DBN)

____________

Municipalities:

Prepa Gets Forbearance Extension Through June 30 From Creditors
(DBN)

Central States unveils website for rescue plan to save underfunded pension plan
(DBN)

Puerto Rico bankruptcy bill seen as unlikely to pass
(DBN)

Puerto Rico faces a 'bailout' problem
(DBN)

Detroit ended FY2014 with $53.4 mln balance -audit
(DBN)

Detroit's county seeks state help on fiscal woes, delays note sale
(DBN)

Facing down recession and bankruptcy at the DIA
(DBN)

Scranton: Municipal pension suggestions emerging
(DBN)

State of Texas Has $81 Billion in Hidden Debt
(DBN)

These 18 Cities Will See the Most Economic Growth in the U.S. Next Year
(DBN)

The Richest Town in Each State
(DBN)

____________

Oil/Gas:

Oil up nearly 1% on reports of new US crude draws
(DBN)

The Shale Industry Could Be Swallowed by Its Own Debt
(DBN)

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

Hercules Offshore to file for bankruptcy Hercules to Restructure as It Seeks to Weather Market Downcycle Hercules Offshore heads for bankruptcy
(DBN)

Saratoga Resources Files for Bankruptcy
(DBN)

After Oil
(DBN)

3 Risks That Could Sink National Oilwell Varco
(DBN)

____________

Food/Beverage:

Number of American McDonald's Locations to Shrink for 1st Time in Decades
(DBN)

A&P Said to Consider Second Bankruptcy Filing in Five Years
(DBN)

___________

Corporate Reform:

SEC charges 36 firms in muni-bond probe
(DBN)

Elizabeth Warren Intervenes in Search for New York Financial Regulator
(DBN)

Preet Bharara can win cases — but can't keep his top lawyers
(DBN)

____________

Student Debt

CFPB Report Finds 90% Of Student Loan Borrowers Who Seek Co-Signer Release Are Denied Federal Watchdog Criticizes Lenders for Treatment of Borrowers’ Co-Signers
(DBN)

Student Loan Debt Is A Big — And Growing — Problem for Retirees
(DBN)

Should Law Students Get A Lower Student Loan Interest Rate?
(DBN)

The 'Tax Bomb' Facing Lawyers Who Enroll In Income-Based Student Loan Repayment Plans Is Even Better
(DBN)

____________

Celebs:

Bankrupt No More, Sonja Morgan Gets to Keep NYC Home
(DBN)

Judge Sets Auction for David Cassidy's House
(DBN)

Martha Stewart nears deal to sell fading empire
(DBN)

____________

Pensions:

Groups start working to pass federal law intended to stave off private pension cuts
(DBN)

____________

Banking:

Trustee touts FDIC, Downey settlement in bid to end Ch. 7 case
(DBN)

Stonebridge Financial Files Reorganization Plan
(DBN)

____________

Electricity:

Energy Future Holdings weighs Hunt’s offer for Oncor
(DBN)

____________

Book Review:

Fighting Chance review: the story of Elizabeth Warren
(DBN)

____________

Television:

CORE Entertainment, Owner Of Rights To American Idol, Misses Loan Interest Payment
(DBN)

____________

Gambling:

Union Workers Hold Anti-Icahn March on Atlantic City Boardwalk
(DBN)

The global casino industry is quivering
(DBN)

Glenn Straub's company sues ACR Energy Partners
(DBN)

____________

Fraud:

NY case against ex-AIG CEO Greenberg heads back to top state court
(DBN)

____________

Politics:

Donald Trump: The Art of the Fail
(DBN)

____________

 


New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

______________

Professional Compensation:

Baker Botts v. Asarco: The Supreme Court Shows Again That It Really Doesn’t Understand Corporate Bankruptcy Cases
(DBN)

____________

Involuntary Bankruptcy:

Numerosity Requirement for Filing Involuntary Bankruptcy Petition
(DBN)

____________

Subordination:

Guaranteed Subordination: Fifth Circuit Subordinates Claims Arising Under Guarantees of Securities Issued by an Affiliate
(DBN)

____________

TBTF:

Starr v. United States ruling favors legality over expediency, but not enough to change anything for Hank Greenberg and AIG
(DBN)

____________

Litigation:

Appeals Court Blesses Google-Generated Evidence
(DBN)

____________

Weather:

This Year Is Headed for the Hottest on Record, by a Long Shot
(DBN)

____________

Healthcare:

Americans stand to lose a ton if the Supreme Court rules against Obamacare
(DBN)

GOP Wants to Extend Obamacare Subsidies
(DBN)

____________

Education:

Calif. AG announces new debt relief tool for former Corinthian College students
(DBN)

____________

Telecoms:

NII Holdings' bankruptcy exit plan wins court approval - lawyer
(DBN)

____________

Aluminum:

Noranda to Evaluate Strategic Alternatives
(DBN)

____________

Education:

Saving Sweet Briar
(DBN)

____________

EU:

Directors' duties in Europe: On insolvency, where do directors owe their duties when the company's centre of main interests is in another Member State?
(DBN)

____________

PIIGS:

Capital controls are 'imminent' as money floods out of Greek banks Greek Banks Brace for Massive Outflow After Eurogroup Breakdown Greek PM optimistic on debt deal as banks bleed No breakthrough on Greek debt deal Greece Stumbles Toward Exit as Tsipras Says Deal Can Still Be Done ECB Plans Emergency Greek Aid Call Amid Deposit Flight Thousands Rally in Athens to Urge Deal as Default Threat Grows Fears over Greece mount as talks collapse Emergency summit called as Greek default, chaos loom Final acts in Greek drama may be rough for markets Europe scrambles to pick up pieces of Greek talks failure Greece Is No Lehman Brothers to European Markets Gartman: Greece Should Tell EU to Pound Sand
(DBN)

IMF's Lagarde says 'no period of grace' for Greece Greek Debt Committee: All Debt to the Troika is “Illegal, Illegitimate, and Odious” The ECB doesn’t even know if Greek banks will be able to open on Monday Here's the complete list of reforms from Greece that its creditors don't want to hear Optimism 'low' for bailout success It looks like there won't be a deal for Greece Euro zone has not discussed Greek debt restructuring proposal Greek savers bail on banks: 2B euros in 3 days Emergency summit called for Monday on Greek crisis EU's Dombrovskis says no deal for Greece aid at Eurogroup meetings Grexit: the truth is it would help Britain no end Greece default: an unscripted tragedy that may end with euro ending Deposit withdrawals surge at Greek banks Surrender to austerity or game is over, ministers tell Greece Elderly struggle to make ends meet in Greece
(DBN)

5 questions for leader of Spain’s antiausterity party
(DBN)

Portugal Prepares for Worst as Greek War of Attrition Escalates
(DBN)

Cardinal in wiretap linked to bankruptcy case
(DBN)

____________

Canada:

Why CP Rail is fighting a $430-million settlement for victims of the Lac-Mégantic rail tragedy
(DBN)

____________

France:

Steak Frites Can’t Pay the Bills for French Farms
(DBN)

____________

Norway:

Norway cuts rates to record low, hints at further cut
(DBN)

Norway Gas-Pipe Dispute Has Generated $10 Million in Lawyer Fees
(DBN)

____________

Mexico:

Mexico central bankers see weak growth
(DBN)

____________

Russia

Russian assets in France, Belgium seized in Yukos dispute
(DBN)

Russia preparing response to overseas asset freezes: deputy FM See you in court, Moscow warns Belgium over Yukos assets
(DBN)

____________

China:

China copper smelter faces new risk over restructuring
(DBN)

Chinese stocks annihilated
(DBN)

Too Big to Fail in China
(DBN)

____________

Venezuela:

The Sudden Plunge in Venezuela Dollar Reserves Alarms Creditors
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2015