June 3, 2015

The Daily Bankruptcy News

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Law:

The End of Lockstep? Not So Fast.
(DBN)

Are Pro-Family Policies Hurting Women's Careers?
(DBN)

Calling Mr. Mom
(DBN)

Dewey Defense Hammers Ex-Partner on Cross Examination Iconic NYC Law Firm on Trial; Prosecutors Say Books were Cooked
(DBN)

More CFOs Want Litigation Finance Considered
(DBN)

ATL Law School Rankings: Top Schools By Category
(DBN)

Counsel Deposing Opposing Counsel: Bad JuJu
(DBN)

Reid, Collins & Tsai Flourishing With Contingency Fees In Bankruptcy Litigation
(DBN)

Allen & Overy launches performance related bonus pool for high performing partners
(DBN)

Two upstate NY firms tie the knot; 275-attorney shop is largest in Northeast outside of big cities
(DBN)

Final name partner leaves Nelson Brown; is firm ‘effectively dead’?
(DBN)

Law school applicant who wanted his 1970s GPA adjusted for "grade inflation" won’t get SCOTUS hearing
(DBN)

7 Best Practices for Preserving In-House Counsel Privilege
(DBN)

Kicking It Old School
(DBN)

Beyond Biglaw: Care To Chat?
(DBN)

6 Ways That Associates Can Disappoint
(DBN)

“The In-House Essentials Treatise”
(DBN)

More Evidence that Software is Eating the Legal Industry
(DBN)

BigLaw Chair Lays Out Why He Joined Twitter
(DBN)

Seven people pass test to become nation’s first legal technicians
(DBN)

20 misused words that make smart people look dumb
(DBN)

5 tips for dressing like a CEO — even when it’s 100 degrees outside
(DBN)

7 men's style 'rules' that are completely outdated
(DBN)

The phone Americans love best is... (hint: it's not the iPhone)
(DBN)

The easiest way to undo the harms of sitting all day Don’t Take Your Desk Job Sitting Down Health experts have figured out how much time you should sit each day
(DBN)

How to make sending email easier
(DBN)

7 body language tricks to make anyone instantly like you
(DBN)

Microsoft is taking over my iPhone
(DBN)

Why Your Office Should Care About Upgrading to Windows 10
(DBN)

Biglaw Voyeur Attorney Faces The Music
(DBN)

Ted Cruz: 'Tom Brady was framed'
(DBN)

Nonlawyer is still at his desk, 12 years after court ordered him to stop practicing, newspaper says
(DBN)

Lawyer sues owner of racehorse American Pharoah for $10M, says response to client’s suit defamed him
(DBN)

This Time It’s Prosecutors On The Chopping Block
(DBN)

1 in 13 people killed by guns are killed by police
(DBN)

Driver unleashes rant on cyclist in road rage scene
(DBN)

Husband sues after wife’s coffin resurfaces during floods
(DBN)

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Judges:

Bankruptcy judge Joe Lee’s influence will continue despite his passing
(DBN)

It looks like no judicial pension for Mr. Fuller, and coupled with his resignation that is the best result possible Federal judge: Give me a f…ing break
(DBN)

Conduct of judge arrested for alleged domestic assault might be impeachable, judicial council says Goodlatte & Conyers Statement on Judge Fuller Resignation
(DBN)

The Greatest Concurrence Ever? Maybe….
(DBN)

Footnote is only portion of 4th Circuit opinion that isn’t sealed
(DBN)

Sotomayor Tops Supreme Court Celebrity Ranking
(DBN)

______________

Wall Street:

US stock futures climb as investors wait for ADP jobs clues
(DBN)

Asian Shares Follow Wall Street Lower
(DBN)

Wall Street ends down; utilities fall as yields jump
(DBN)

Stock market correction by October: Strategist
(DBN)

Here’s why the M&A wave is going to sink stocks
(DBN)

______________

Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Awards:

Robert S. Marticello Named California Bankruptcy Forum President
(DBN)

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Politics:

Poll finds distrust of Hillary Clinton has risen Why Hillary Clinton is upside down
(DBN)

The hidden truth about the presidential candidates
(DBN)

Jeb Bush backs higher Social Security retirement age. Big issue for 2016? Is Jeb's Social Security Flub the Worst Bush Gaffe Yet? The Right Way to Think About Social Security Pushing retirement back to age 70?
(DBN)

Jeb Is Not the Bush You Think He Is
(DBN)

How Timothy McVeigh's Ideals Entered the Mainstream
(DBN)

'Run Warren Run' makes final move before suspending campaign
(DBN)

Elizabeth Warren’s Past Service as an Expert Witness Causes Controversy
(DBN)

Lindsey Graham is the bluntest candidate for president
(DBN)

Fact Check - Marco Rubio: "For the first time in 35 years, we have more businesses dying than we do starting."
(DBN)

Moderate Republicans are an endangered species
(DBN)

____________

Food/Beverage:

Bojangles is getting smoked
(DBN)

Golden County Foods workers may be terminated, rehired
(DBN)

___________

Education:

School known for grooming Olympic athletes closes
(DBN)

____________

Mining:

Molycorp skips payment, draws comparisons to Momentive case
(DBN)

Hardship hits the Iron Range
(DBN)

____________

Coal:

Oil Industry Takes Aim at Coal 6 European Oil Majors Throw Coal Under the Bus
(DBN)

Bankrupt Patriot Coal Picks Blackhawk Mining as Lead Bidder
(DBN)

Lexington-based coal operator eyeing layoffs
(DBN)

____________

Gambling:

Caesars shares punished after judge's ruling favors creditors
(DBN)

Revel options: Nightclub opening, tribal operators, maybe even sale
(DBN)

____________

Aviation:

Skymark's top creditor says looking for sponsor other than ANA
(DBN)

Your Wait At Airport Security to Get Worse
(DBN)

TSA Head Reassigned After Agents Flunk Out
(DBN)

The TSA Doesn't Work and Never Has
(DBN)

____________


Economy:

IMF Economists: Stop Obsessing Over Debt
(DBN)

U.S. factory orders post their eighth decline in nine months
(DBN)

Global economic growth has been incredibly slow this year, new report finds
(DBN)

Goldman: We expect the Fed to hike rates in September, but there's a 'strong' case for delaying Fed’s Brainard Wants More Economic Progress Before Rate Rises
(DBN)

Charts: what jobs liberal arts majors actually get
(DBN)

Americans hate their cable companies most of all
(DBN)

Janet Who? Ben Bernanke Says Stocks Aren’t Expensive
(DBN)

Debunking the education myth
(DBN)

Glut of Chinese Goods Pinches Global Economy Problems Mount for Asia’s Exporters
(DBN)

Preliminary May Vehicle Sales at 17.7 million SAAR: Best sales rate since 2005, On pace for Best Year since 2001
(DBN)

High Earners’ Frugality Shows Long Shadow of Recession
(DBN)

Now we know what the Federal Reserve did to inequality
(DBN)

Blame Congress for Inequality
(DBN)

Map: How coffee splits the United States in half
(DBN)

St. Louis mayor supports a $15 minimum wage
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

House Prices up 6.8% Year-over-year in April
(DBN)

Where the Housing Crisis Continues
(DBN)

How Housing Has Changed Since the 1970s
(DBN)

A Look at the Friendly Foreclosure Option
(DBN)

Failed condo conversion in West Palm Beach purchased out of bankruptcy
(DBN)

____________

Municipalities:

Facing deadline, Puerto Rico seeks to overhaul power company
(DBN)

Puerto Rico Power Authority Bondholders, Prepare for Bad News
(DBN)

Prepa Submits Recovery Plan as Creditors Say Talks Continue
(DBN)

PREPA's Transformation - A Path to Sustainability
(DBN)

Puerto Rico's PREPA turnaround plan suggests debt restructuring -S&P
(DBN)

In Puerto Rico Debt Talks, Things Are Heating Up - It is shaping up to be a hectic summer for holders of Puerto Rico's billions in debt
(DBN)

Water wars continue in Metro Detroit as bankruptcy deadline approaches
(DBN)

IL: Pension Plan To Suffer Changes
(DBN)

Emanuel won't say if CPS can make $634 million teacher pension payment Chicago pensions move to center stage
(DBN)

Pennsylvania state agents raid home of former Harrisburg mayor
(DBN)

Where Are the Cities with Good Job Markets and Affordable Housing?
(DBN)

More Proof New York Is Becoming A Gilded City
(DBN)

A map of what every state would be if it were a country
(DBN)

____________

Lehman:

Merrill may have let clients short foundering Lehman
(DBN)

____________

Banking:

In bid to cut costs, J.P. Morgan cuts voicemail for some employees
(DBN)

____________

Soccer:

Sepp Blatter steps down as FIFA president Sepp Blatter said quitting would mean he did something wrong 5 days before his shock resignation
(DBN)

Interpol puts ex-FIFA officials on its wanted list
(DBN)

Blatter has dealt a blow to the shady Swiss economy
(DBN)

____________

Oil/Gas:

Weds. A.M.: Oil prices drop on dollar, oversupply Oil prices fall as OPEC chatter builds OPEC to continue pumping oil at current rate BP CEO sees oil price 'softness' in second half of 2015 OPEC signals oil price rebound as demand picks up
(DBN)

Warnings Over Oil Debt Getting Louder
(DBN)

Samson Resources Weighing Debt Restructuring Options
(DBN)

Ivanhoe Energy declared bankrupt after failing to restructure
(DBN)

Endeavour to sell North Sea assets
(DBN)

How the oil slump is breathing new life into Calgary’s commercial real estate market
(DBN)

Saudis say push for market share is working as OPEC meeting nears OPEC Is Winning the Oil Price War How OPEC Hurt Big Oil
(DBN)

Energy industry financial stress at highest level since 2010
(DBN)

Largest oil & gas drilling company in Romania files for insolvency
(DBN)

Big Oil’s plan to become Big Gas
(DBN)

____________

Fraud:

Picard Reclaims $35.4M From Merkin's Madoff Feeder Funds
(DBN)

Madoff trustee largely prevails in 233 lawsuits
(DBN)

Google security expert warns computer crime has become 'very big business'
(DBN)

May 2015 Ponzi Scheme Roundup
(DBN)

____________

Corporate Reform:

Warren Says SEC Chairman’s Tenure ‘Extremely Disappointing’ Elizabeth Warren calls out Obama’s top Wall Street cop, saying she has ‘broken’ promises
(DBN)

SEC Eyes Broadened 'Clawback' Restrictions
(DBN)

____________

Hedge Funds:

The hedge fund behind Olive Garden's makeover forced its board members to wait tables there
(DBN)

____________

Guns:

Colt: lenders agree to keep funding through restructuring
(DBN)

____________

Electricity:

Energy Future Wins More Time to Get Chapter 11 Plan Support
(DBN)

____________

Pensions:

Supreme Court declines to hear Verizon case on pension fund switch
(DBN)

____________

Shipping:

Shipbuilding industry in China has titanic money problems
(DBN)

____________

Horse Racing:

Jockeys Nearing Finishing Line in 25-YEAR Civil and Bankruptcy Litigation with their Former Business Managers
(DBN)

____________

Art:

Agent's Art-World Fire Sale Upsets British Peeress
(DBN)

____________

Opera:

Bequest Issue Arises in New York City Opera Bankruptcy Case
(DBN)

___________

Mass Torts:

Wagoner, a former GM CEO, to be questioned about ignition switch recalls
(DBN)

____________

Amusement Parks:

Bankruptcy judge wants more information in Beach Club fire insurance money case
(DBN)

____________

Ethanol:

Corn Ethanol is Worse Than Keystone XL
(DBN)

____________

 


New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (101 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:

May Commercial Chapter 11 Bankruptcies Increase 16%
(DBN)

Bankruptcy in America
(DBN)

Isle bankruptcies in May declined from a year ago
(DBN)

MA: Bankruptcies are on the decline
(DBN)

WD NY: Bankruptcy filings drop more than 18% in May
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Bankruptcy Reform:

The ABI Commission on Reform of Chapter 11 Final Report - What Secured Creditors Need to Understand
(DBN)

____________

Intercreditor:

Recent Unitranche Issues in the RadioShack Bankruptcy Case
(DBN)

____________

Professional Compensation:

Can Attorneys Get Paid for Defending Their Right to Get Paid?
(DBN)

____________

Insolvency:

To What Extent Does 'The Point of No Return' Impact on the Notion of Balance Sheet Insolvency
(DBN)

____________

Lien Stripping:

A Lien Strip Tease from the Supremes
(DBN)

Supreme Court Extends Dewsnup But Suggests They Really Don't Care for the Decision
(DBN)

Bank of America notches win in Supreme Court ruling on second mortgages
(DBN)

Junior Unsecured Mortgages Receive Protection from the Supreme Court
(DBN)

Scarberry On Caulkett (and Dewsnup)
(DBN)

Wholly Underwater Junior Liens May Not Be Stripped Off in Chapter 7 Bankruptcy Proceedings
(DBN)

Supreme Court Decides "Underwater" Debtors Cannot Lien Strip Second Mortgages in Bankruptcy
(DBN)

Tampa man at center of US Supreme Court bankruptcy ruling
(DBN)

____________

Structured Dismissals:

The Third Circuit Court of Appeals Affirms Structured Dismissal of Chapter 11 Case, Holding That a Structured Dismissal Can Deviate From the Bankruptcy Code’s Priority Scheme in Rare Circumstances
(DBN)

____________

Committees:

Official Committees in Bankruptcy Court
(DBN)

____________

Plan Confirmation:

Momentive Plan Confirmation Affirmed: Efficient Market Cramdown Interest Rate Unlikely in Second Circuit Any Time Soon
(DBN)

____________

Sales:

Bankruptcy Judge Frowns On 26% Minimum Overbid, Doesn't Like Trading In Avoidance Actions Either
(DBN)

____________

Cross-Border:

Nortel: The CBI Case of the Century (So Far)
(DBN)

____________

Personal Bankruptcy:

Debtor’s Funds When Case Is Converted From Chapter 13 To Chapter 7
(DBN)

____________

Insurance:

Lawyer for Defunct Nebraska Insurance Agency Fined $15K
(DBN)

Death Bond Investors Risk Total Loss in Life Partners Bankruptcy
(DBN)

____________

Healthcare:

Children's Bankruptcy Puts "Negative Watch" On UMC's Bond Rating
(DBN)

Rural KY hospital, New Horizons, files bankruptcy
(DBN)

Legal drama escalates over hospital
(DBN)

Obamacare sticker shock: Big rate hikes proposed for 2016
(DBN)

Blue Cross' $71 Billion Shift From Fee-For-Service Medicine Escalates
(DBN)

____________

Retailing:

Shareholders sue Sears over 'unfair deal' they say will benefit the CEO while killing the company
(DBN)

Salus Capital Seeks Conversion to Chapter 7 of RadioShack Bankruptcy
(DBN)

____________

Sovereigns:

US court clears way for Argentina appeal in Citibank dispute
(DBN)

Echegaray notifies SEC over vulture link to FIFAgate scandal
(DBN)

Buenos Aires Province Sells First Global Bond in Four Years
(DBN)

Weil Represents Bondholder Group in Ukrainian Debt Restructuring Negotiations
(DBN)

____________

PIIGS:

Take it or leave it: Will Greece accept deal? Greek Prime Minister Alexis Tsipras Heads to Brussels for Bailout Negotiations
(DBN)

Greece’s lenders agree on draft bailout deal Greece's creditors draft deal to unlock aid, Athens resists Greece's Creditors Set to Throw Down Gauntlet With Proposal for Bailout Deal Greek PM Tsipras Urges Creditor 'Realism' A flurry of last-minute maneuvering with Greece Greek Insolvency Could Be 'Gigantic' Greece and creditors still at odds as country slides towards abyss What happens if Greece defaults? Markets 'meh' on latest hope of Greek deal as default looms ECB Raises Emergency Liquidity for Greek Banks A guide to what Greece owes, and when Greece has two options: A deal or chaos
(DBN)

____________

Canada:

Target Stores Insolvency Biggest in Canadian Retail History: Creditors Working Together to Win Equitable Settlement
(DBN)

Air Canada ‘raising the bar’ for turnaround with ambitious new financial targets
(DBN)

Ivanhoe Energy unable to reach agreement on restructuring proposal
(DBN)

Canada's 2015 Economic Growth Forecast Downgraded by OECD Canada's economy to restart growth for the rest of 2015: reports
(DBN)

____________

France:

Are 'Loan to Own' Strategies Possible Under French Law?
(DBN)

____________

Russia:

Moscow’s poshest neighborhood is shockingly empty as money pours out of Russia
(DBN)

____________

MENA:

Saudi's Algosaibi outlines new debt proposal to creditors
(DBN)

____________

Ukraine:

Metinvest Restructuring Offer Said to Blocked by Creditors
(DBN)

____________

Sweden:

Riksbank Sees Increased Risks to Swedish Financial System
(DBN)

____________

Bulgaria:

Bulgaria court assigns trial on CorpBank bankruptcy
(DBN)

____________

Romania:

Romania PM hopes Hidroelectrica will exit insolvency next year
(DBN)

____________


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