June 2, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Supreme Court: 'Underwater' Ch. 7 Homeowners Can't Void Second Mortgages in Bankruptcy
(DBN)

Dewey Defense Lawyers Say Lucrative Pay Deals Justified Retired Dewey partner tells of obstacles in getting back capital
(DBN)

Otterbourg Names Melanie L. Cyganowski Chair of Restructuring and Bankruptcy Practice
(DBN)

At Law Firms, Can Culture Create Value?
(DBN)

Arnold & Porter, Others Make Best Firms for Families List
(DBN)

Witnesses Line Up in Dewey Trial
(DBN)

Bankruptcy Lawyer: How to Know Anxiety
(DBN)

Second Circuit Sympathetic To Contract Attorneys? Contract Attorneys Push for Better Pay, Working Conditions
(DBN)

BakerHostetler Adds 32-Lawyer Group in Atlanta, Including 12 New Partners
(DBN)

RFPs: A Lesson In Value
(DBN)

Lawyer Sues Skadden for Overtime
(DBN)

Honigman opens in Chicago by acquiring 14-attorney litigation firm
(DBN)

Harvard Study Part II: Collaboration Strategies for Rainmakers
(DBN)

Lawyers Join the 'Crowd'
(DBN)

McDermott Poaches from K&L Gates in Dallas Up to 15 lawyers are exiting K&L Gates for Dallas office of McDermott McDermott Will & Emery Adds Up To 15 Lawyers from K&L Gates
(DBN)

Big Law Diversity Is Pathetic Says GC GC: Firms Aren’t Fully Committed to Diversity
(DBN)

Fertility Rate Is Up for Female Professionals
(DBN)

Top Female Lawyers Say They Are Treated Like Assistants at Work
(DBN)

A 16-Page Brief And A 15-Page Limit
(DBN)

Summer Associate Perk Watch: A Warm Welcome At MoFo
(DBN)

Drinking + Lawyering = Epic Fail
(DBN)

Morning is Actually the Worst Time for Coffee
(DBN)

China: Where Even The Lawyers Are Fake
(DBN)

How Dennis Hastert’s s-- abuse scandal led to him getting charged for a banking crime
(DBN)

SCOTUS rules in favor of man convicted of posting threatening messages on Facebook
(DBN)

SCOTUS rules for hijab-wearing teen who sued Abercrombie for refusing to hire her
(DBN)

It lasted 10 minutes': Loud s-- lands woman in prison
(DBN)

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Judges:

Should Supreme Court litigants be more aggressive?
(DBN)

Federal judge arrested for battery to resign from bench Judge resigns nearly a year after his arrest
(DBN)

Judge offers pepper-spraying woman a choice between jail and a shot of her own medicine
(DBN)

______________

Wall Street:

U.S. Index Futures Little Changed as Greek Debt Deadline Nears U.S. stock futures fall
(DBN)

Stocks close mildly higher
(DBN)

Debt is juicing market
(DBN)

Hulbert: Why the odds of a big drop in stocks are high — and rising
(DBN)

______________

Layoffs:

HSBC set to cut thousands of jobs 20,000 Workers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Madoff trustee to recoup $35.4 million from Merkin funds
(DBN)

US Court Dismisses Rogue Attorney Emeka Ugwuonye’s Bankruptcy Filing
(DBN)

Fair Finance trustee reaches $3M settlement with National Lampoon
(DBN)

____________

Aviation:

Malaysia Airlines is bankrupt : CEO Malaysia Airlines sends out 20,000 termination letters MAS opts for a 'hard reset'
(DBN)

TSA missed weapons almost every time TSA chief out after agents fail airport breach tests
(DBN)

____________

Celebs:

Teresa Giudice tweets from prison for first time
(DBN)

____________

Gambling:

Why Shars of Caesars Entertainment Corp Dropped 14%
(DBN)

Caesars Entertainment to plead for stay in bankruptcy case
(DBN)

____________

Alternative Energy:

Struggling Latham solar firm was big political donor
(DBN)

____________

Corporate Reform:

Outcry Follows SEC Hire of Goldman Sachs In-House Lawyer
(DBN)

Stanley Fischer pushes for harsher banker penalties
(DBN)

Libor-Style Rate Rigging in EU Crosshairs as Talks Start
(DBN)

____________

Debt Collection:

The government gets paid first: The surprising reach of the Federal Priority Act
(DBN)

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Healthcare:

Business of hospital turnarounds
(DBN)

Trustee needed for Children's bankruptcy
(DBN)

Obamacare Unravel Could be Lose-Lose
(DBN)

____________

Mass Torts:

Death toll from defective GM ignition switches rises to 109
(DBN)

____________

Banking:

New Bankruptcy Judge Set in Alabama One Case
(DBN)

____________

Economy:

US manufacturing growth accelerates in May as employment rebounds-ISM ISM Manufacturing beats expectations US Manufacturing Growth Accelerates for 1st Time in 6 Months
(DBN)

Markit manufacturing PMI falls
(DBN)

No margin for error in today’s 2% economy
(DBN)

Sluggish factory growth in Europe and Asia puts central bank stimulus in spotlight Global factory growth picks up but stays weak
(DBN)

Personal income rises, spending goes nowhere, and inflation disappoints in April Consumers Staying Frugal Despite Energy Savings Consumer spending growth slows as savings rise Hibernating consumers cast pall on US growth outlook
(DBN)

US construction spending jumps to near 6-1/2 year high
(DBN)

Fed's Fischer warns against complacency on financial crisis risks Says UK Financial Stability Approach a 'Leading Model' Fischer Says Bankers Should Be Punished for Financial Crimes Fischer, Rejecting 'Liftoff,' Says Rate Rises Will Be 'Crawling'
(DBN)

Fed's Rosengren says wants to normalize rates, but can't yet Economy growing too slowly to justify rate hike
(DBN)

Fed policy hasn't led to income inequality
(DBN)

US car and truck loans reach longest on record
(DBN)

Wal-Mart to raise wages for 100,000 US workers in some departments
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

High court: Bankrupt homeowners can't void second mortgage
(DBN)

Foreclosure-rescue law firm and others ordered to pay $27M, but their assets total only about $655K
(DBN)

The mREIT Bankruptcy Watch List
(DBN)

More Older Americans Are Being Buried by Housing Debt
(DBN)

____________

Municipalities:

Puerto Rico Bonds: Put Your Money Elsewhere
(DBN)

Puerto Rico’s $72 Billion Distress Mess Reunites Lehman-Era Foes
(DBN)

Changing U.S. Bankruptcy Law Will Not Help Puerto Rico
(DBN)

Surprise! Some of Your Muni Bonds May Include Risky Puerto Rican Debt
(DBN)

Detroit police settlements since 2004 cost city $70 million
(DBN)

Warren Evans growing confident Wayne County can avoid bankruptcy
(DBN)

Rauner: CPS declaring bankruptcy may be best option
(DBN)

Chicago pension bill moves to Governor's desk
(DBN)

Pension panic grips the heartland
(DBN)

____________

Oil/Gas:

Mon. P.M.: Oil falls on strong OPEC output, dollar strength Why $65 per barrel oil looks like a ceiling, not a floor
(DBN)

Oil falls as OPEC production stays high, dollar rises
(DBN)

Endeavour International puts all its assets up for sale
(DBN)

US shale producers now face a dilemma
(DBN)

OPEC seen holding oil output to defend market share
(DBN)

OPEC officials say no need to raise oil output target
(DBN)

____________

Awards:

6th Annual 40 Under 40 Emerging Leaders Awards Winners Announced
(DBN)

____________

Personal Finance:

10 things that are cheaper in June
(DBN)

Think you’ll work in retirement? Think again
(DBN)

We're Calculating Cost of Retirement Wrong
(DBN)

The Retirement Risk We All Share
(DBN)

____________

Corporate Governance:

New Tennessee law makes corporation directors personally liable for creditor claims
(DBN)

____________

Politics:

JFK was 12 times as rich as richest 2016 candidate
(DBN)

Elizabeth Warren drives solo in car-loan fight
(DBN)

Fact Check: "We spend more money on lobbying than we do on campaigns."
(DBN)

____________

Lehman:

Lehman Brothers' Dick Fuld trying to sell $27m Idaho mansion he hid for years
(DBN)

Dick Fuld still can't fess up to his part in Lehman's collapse
(DBN)

____________

Trucking:

YRC hits 52-week low as other truckers slide in 2015
(DBN)

____________

Coal:

Peabody lists liabilities in Patriot bankruptcy
(DBN)

Alpha Mining Faces Surety Bond Challenge Due to Finances
(DBN)

Patriot Coal's woes portend dire straits for Appalachian industry
(DBN)

____________

Toll Roads:

Indiana Toll Road Leaves Bankruptcy
(DBN)

____________

Soccer:

Aide to FIFA’s Blatter said to have moved $10 million
(DBN)

____________

Auto Racing:

Sochi Formula One Organizer Declares Bankruptcy
(DBN)

____________

Compensation:

Ex-WaMu Execs Seeking $23M 'Golden Parachutes'
(DBN)

____________

Guns:

Colt’s Lenders Agree to Restructuring Pact as Bankruptcy Weighed
(DBN)

____________

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 (89 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:

WNY bankruptcies dropped more than 6 percent in May
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Lien Stripping:

U.S. top court says 2nd mortgages on 'underwater' homes cannot be voided in Ch. 7 bankruptcy Underwater-Lien Case Win for Bank of America Supreme Court hands defeat to struggling homeowners SCOTUS Rules That Liens Ride Through, At Least in a Chapter 7 Case
(DBN)

____________

Avoidance Actions:

Powerwave Trustee Obtains Relief Regarding Service of Foreign Defendants
(DBN)

____________

Jurisdiction:

Supreme Court Holds that Bankruptcy Courts can Adjudicate Stern Claims
(DBN)

Wellness Raises a $920 Million Question
(DBN)

The Wellness Decision: The Supreme Court Resets Bankruptcy Court Jurisdiction
(DBN)

Asking Tough Questions About Mandatory Arbitration and Article III
(DBN)

Article Three protectionism
(DBN)

____________

Sales:

Fodder for the Dinner Table: The Rights of Secured Creditors in Chapter 11
(DBN)

____________

Safe Harbors:

Commercial Mortgage-Backed Securitization Investors Given “Safe Harbor” Protection
(DBN)

____________

Insurance:

D&O Liability Insurers: Whose Side Are They On?
(DBN)

____________

Mining:

Molycorp stock collapses as it misses $32.5M interest payment
(DBN)

Molycorp expected to file for bankruptcy after missing payment
(DBN)

___________

Electricity:

Judge Grants Energy Future Holdings's Bid to Hold Control in Bankruptcy
(DBN)

Bankruptcy judge scolds warring Energy Future parties
(DBN)

____________

Telecoms:

LightSquared in Step Toward Renewal as FCC Asks About Licenses
(DBN)

____________

Newspapers:

Salt Lake Tribune's parent company sells 11 newspapers in 3 states
(DBN)

____________

Tobacco:

Tobacco firms to appeal $11.9B Canadian court ruling
(DBN)

____________

Retailing:

Sears: A Turnaround Is Possible, But At A Lower Value
(DBN)

____________

Sovereigns:

Ukraine creditors' plan won't add to debt costs: Reports
(DBN)

Gov't rejects request to negotiate with Pollack, vulture funds Argentina states 'lack of confidence' in mediator Pollack named by Judge Griesa
(DBN)

____________

UK:

Adding value in insolvency procedures
(DBN)

____________

EU:

Eurozone deflation threat recedes
(DBN)

____________

PIIGS:

Greece vows not to be blackmailed by creditors after emergency summit Greece calls on lenders to accept 'realistic' plan sent on Monday Creditors prep ‘final’ text of Greek bailout deal Greek Standoff Takes New Twist as Dueling Plans Are Drafted Greece's 'deal or no deal' moment is finally here
(DBN)

Greek government faces dissent as debt deadline nears
(DBN)

Krugman: That 1914 Feeling
(DBN)

Greece victim of EU official monstrosity, says Greek Prime Minister Alexis Tsipras Tsipras accuses Greece bailout monitors of making ‘absurd’ demands Deadlock on Greek €300m debt continues Greece may need to default on debts as IMF deadline looms, warns Goldman Ultimatums Will Only Aggravate Greece's Problems Draghi, Lagarde joining Berlin meeting on Greece Germany's Gabriel says hopes for Greece deal soon Greece's IMF appointee steps down after ruling party backlash Greece must stop hoping for a miracle - it needs to leave the euro Germany's Gabriel: Consequences of a Greek bankruptcy would be 'gigantic'
(DBN)

€363m held in trust at BOV linked to fraudulent bankruptcy of Italian shipping company
(DBN)

____________

Canada:

How will Canadian pensions respond to waning demand for oil sands?
(DBN)

____________

China:

China's growth outlook remains patchy
(DBN)

Shipbuilding industry in China has titanic money problems
(DBN)

____________

South Korea:

Korean Chipmaker Cut by Moody’s as Bondholders Demand Repayment
(DBN)

____________

MENA:

Israeli bank chief warns about demographic economic fallout
(DBN)

____________

Japan:

Bankruptcies in Japan Caused by Weak Yen May Rise, Says Teikoku
(DBN)

____________

 

 


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