June 30, 2015

The Daily Bankruptcy News

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Law:

News of DA probe ended Dewey merger and bank talks, says ex-leader of failed law firm
(DBN)

Dewey Defense Questions Ex-Partner Who Signed Bond Deal
(DBN)

Quinn Emanuel to Scale Back Summer Associate Program • Quinn Emanuel to slash summer associate program; savings will go to signing bonuses
(DBN)

‘Most Generous’ Big Firms Donate 1 Percent Revenue to Legal Aid
(DBN)

Bankruptcy Lawyer: 10 Ways Successful Lawyers Respond To Career Setbacks (Part I)
(DBN)

Lawyer is suspended for 2 years over wine-shoplifting incident and the way he handled it
(DBN)

When You Know You’ve Given Up On Law School
(DBN)

On ‘4 Ways Associates Screw Up’
(DBN)

Washington State Experiments with Legal Technicians
(DBN)

Have you hired an innovation intern?
(DBN)

Gender Balance: Striving to Do Better in Big Law
(DBN)

7 signs your job is slowly killing you
(DBN)

14 email etiquette rules every professional should know
(DBN)

8 ways you can be more charismatic at networking events
(DBN)

New Yorkers, You Can Still Yell At Cops On The Subway
(DBN)

Dear Texas: You Know You ARE Actually Part Of The United States, Right?
(DBN)

Performer goes from law school to juggler
(DBN)

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Judges:

Was any jiggery-pokery pudding or pure applesauce served?
(DBN)

SCOTUS Breakfast Table
(DBN)

Rock Band Sings Justice Scalia’s Dissents
(DBN)

Reverse Benchslap Of The Day: Judge Posner Smacks Chief Justice Roberts
(DBN)

County clerks, judges with religious qualms can refuse to issue gay marriage licenses, Texas AG says
(DBN)

John Roberts cited my article in his dissent on marriage equality. He missed the point
(DBN)

Over 100 convictions reversed over faulty jury instructions on manslaughter
(DBN)

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Wall Street:

U.S. stocks eye higher open after selloff
(DBN)

Dow negative for 2015 as decline deepens • US market has biggest drop in two years on Greek default fears
(DBN)

Greece Rattles but Doesn't Panic Markets • Global stocks slump on Greece
(DBN)

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Layoffs:

Microsoft to cut 1,200 jobs: report
(DBN)

University of Phoenix parent lays off 900 as part of strategy shift
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

U.S. Bank Will Pay $44.5 Million to Settle Litigation Tied to Peregrine
(DBN)

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Celebs:

Will Reality Star Teresa Giudice Leave Prison Early?!
(DBN)

How Martha Stewart Lost Her $2bn Empire
(DBN)

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Gambling:

Bank says Revel power plant company in danger of failing
(DBN)

HQ and other Revel tenants win crucial ruling
(DBN)

Revel Wins Approval of Plan Bringing Bankruptcy to a Close
(DBN)

Judge to Approve Revel Liquidation Plan, Settlements
(DBN)

Weary but Unbowed, Caesars CEO Defends His Tenure
(DBN)

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Coal:

The Coal Industry: Emerging Issues in Bankruptcy Cases
(DBN)

Supreme Court Gives Little Consolation for Coal
(DBN)

Patriot Coal Won’t Disclose Insider Pay Leading Up to Second Bankruptcy
(DBN)

Blackhawk Mining Plans to Buy Some Patriot Coal Assets
(DBN)

Coal Shares Jump After Supreme Court Rejects Mercury Rule
• Supreme Court Ruling Does Not Save the Coal Companies
(DBN)

Coal War: Alabama mining sector rocked by shifting market
(DBN)

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Mining:

Molycorp Back in Talks Over Loan
(DBN)

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Religion:

Clergy abuse victims want court to force St. Paul archdiocese to show video at churches
(DBN)

Ousting of Paraguay bishop exposes huge debt
(DBN)

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Autos:

Chrysler Bankruptcy - How Did Creditors Fare?
(DBN)

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Turnarounds:

Wilbur Ross: Man over-board?
(DBN)

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Economy:

For Fed to Delay Rate Hikes, Global Tumult Would Need to Infect U.S. • Why financial crisis in Greece won’t hurt the U.S. economy • China, Greece and Puerto Rico: Sickly But Not Yet Contagious
(DBN)

Here's How Fed Officials Are Likely to Weigh Greek Crisis Impact
(DBN)

Greece Takes Downgrade By S&P – Sees 50 % Exit of Euro
(DBN)

Greek drama not likely to waylay Federal Reserve
(DBN)

There's a new term to describe people who fall somewhere between middle class and super-rich
(DBN)

Recession time bomb is ticking, warns Farrell
(DBN)

Obama Improves Overtime Pay for Millions
(DBN)

99% Get Raises, but the 1% Still Gets More
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Homebuyers Sign on Dotted Line to Bolster U.S. Housing Rebound
(DBN)

Smoke on housing: Summer best buying season since 2006
(DBN)

New study provides an excellent explanation for inequality in America
(DBN)

SIGTARP snares seven schemers for massive mortgage fraud
(DBN)

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Municipalities:

Puerto Rico facing historic default on its $72 billion debt
(DBN)

'There is no US precedent for anything of this scale or scope'
(DBN)

Puerto Rico now belongs to Wall Street • US Bankruptcy Code Can't Help Puerto Rico • White House urges Congress to consider bankruptcy change • Suggests lawmakers consider allowing Puerto Rico's public corporations access to bankruptcy • Puerto Rico seeks bankruptcy • Puerto Rico's deepening crisis threatens high-yield U.S. funds • Puerto Rico Leaders Vow to Pay Debts While Seeking Restructuring • Puerto Rico: not so rich • Next for Puerto Rico: 'People are going to leave' • The Curious Case of Puerto Rico, And Why Default Poses A Risk To The U.S. • Puerto Rico bonds tumble on debt fears • White House: No Federal Bailout for Puerto Rico • Puerto Rico urges U.S. to help save it from default • Puerto Rico faces crunch-time decisions on reform, restructuring • Let Puerto Rico Go Bankrupt ? Maybe. • Millions of American Retirees at Risk if Puerto Rico Defaults on Debts • Puerto Rico worries pummel bond insurer stocks • If Puerto Rico can't pay its debt, how will it impact investors? • Puerto Rico bonds tumble on debt fears • What you should know about Puerto Rico's economic crisis • Puerto Rico's Bond Crisis: Don't Do To The Island What Was Just Done To Greece • Puerto Rico Is Going Broke. That Could Be Bad for Your Savings Account. • Another fine debt crisis • How big a deal is Puerto Rico debt crisis?
(DBN)

Ex- bankruptcy Judge Rhodes hired to advise Puerto Rico • Rhodes on Puerto Rico: 'It's exactly like Detroit' • Puerto Rico insolvent, running out of cash -ex Detroit bankruptcy judge
(DBN)

Puerto Rico poses 'substantial threat': Strategist
(DBN)

Profligate Puerto Rico on the Brink
(DBN)

Puerto Rico Urges Concessions From Creditors • Puerto Rico's Governor Wants Lenders To Wait For More Than $73 Billion Debt Payments • Puerto Rico wants bondholders to postpone debt payments • Padilla Creates Committee To Negotiate Payments Suspension With Creditors • Puerto Rico Creditors Said Drawing Battle Lines as Default Looms • Puerto Rico Governor Calls for Delay in Debt Payments for 'Number of Years'
(DBN)

Banks, bond insurers shares drop on Puerto Rico worries, options see more falls
(DBN)

Puerto Rico’s Debt Is Worse Than Detroit’s Debt Was
(DBN)

S&P cuts Puerto Rico rating, says default seems inevitable
(DBN)

Delaware, Key To Corporations, Is Now The Only U.S. State Without Air Service
(DBN)

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Politics:

Donald Trump Hasn’t Voted in the Last Six Presidential Primaries • 4 Times Donald Trump's Companies Declared Bankruptcy • NBC fires Donald Trump after he calls Mexicans 'rapists' and drug runners • Donald Trump: NBC will stand behind 'lying' Brian Williams, but they won't stand behind me • Adios Senor Trump
(DBN)

Jeb Bush Supports Chapter 9 for Puerto Rico • Puerto Rico’s crisis is ours, too
(DBN)

Cruz Unloads on Everyone but Cruz
(DBN)

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Oil/Gas:

Greek crisis, Iran talks weigh on crude prices
(DBN)

Is U.S. Energy Going To Zero? Low Debt Is Not Enough To Survive
(DBN)

Revenue sliding at Primera
(DBN)

Norway Dims Hopes of Help for Struggling Oil Drillers
(DBN)

Upstream Companies Increasingly Vulnerable To Collapse
(DBN)

Current Oil Price Slump Far From Over
(DBN)

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Healthcare:

Children's Hospital bankruptcy mediation extended
(DBN)

Blood-testing company asks court to set procedures for sale
(DBN)

Accused of Fraud, Nurses' Registry Files for Bankruptcy
(DBN)

Replacing doctor's visits with apps could save us $104 billion a year
(DBN)

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Mass Torts:

US Supreme Court rejects BP, Anadarko over Deepwater Horizon spill penalties
(DBN)

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Lehman:

Lehman 'repo' clients are not customers - U.S. appeals court
(DBN)

Lehman Brothers, Barclays Settlement Approved by Bankruptcy Judge
(DBN)

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Retailing:

A month left for Anna's Linens?
(DBN)

Meet the Plaintiffs Lawyer Out to Save Gift Cards
(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 (10 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (40 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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Bankruptcy Statistics:

 

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Consignment:

Protecting Consignors' Interests And Rights to Recover Property
(DBN)

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Venue:

The Venue Debate: A Neverending Story
(DBN)

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Professional Compensation:

20 Questions about Baker Botts v. ASARCO & “Fee-Defense” Costs – Part 1
(DBN)

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Immunity:

Despite Changing Economic Reality, Federal Court Holds Indian Tribes Have Sovereign Immunity in Bankruptcy, Absent Waiver
(DBN)

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Avoidance Actions:

Is a 10 Year Clawback Period Really an Option?
(DBN)

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Currency:

Banks and Bitcoin Exchanges
(DBN)

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Resorts:

Baha Mar Resort Undertakes Voluntary Chapter 11 to Complete Construction • Blaming Contractor Delays • Baha Mar Resort Files for Bankruptcy, With Only Itself to Blame – Skift
(DBN)

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Student Debt:

You’ll Never Guess the Latest Victims of the Student Loan Crisis
(DBN)

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Trucking:

CA: Trucking firm gets run-around on independent contractors, files for bankruptcy reorganization
(DBN)

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Education:

Apollo Education Profit Falls; Guidance Is Cut
(DBN)

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Taxis:

Mayor Conference Starts Uber Backlash • Uber's numbers seem ugly either way you look at them • Turns Out Uber's Lost $470 Million
(DBN)

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Personal Finance:

17 interview questions that are designed to trick you
(DBN)

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UK:

Corporate insolvencies up 10pc in Q2; examinership numbers still at "disappointingly" low level - Deloitte
(DBN)

HMRC moves to shut down 3000 firms
(DBN)

Councils step up bankruptcy orders amid “unsustainable” tax debts
(DBN)

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EU:

Why the Greek crisis is actually good for Europe
(DBN)

New EU Regulation on Insolvency Proceedings
(DBN)

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PIIGS:

Greece faces midnight default deadline • Greece lifelines run out as IMF payment looms • Greece's economic pain is already getting much worse • Banks closed, no fuel — what life in Greece looks like today • Stiglitz: Greek ‘yes’ vote means endless depression • Greece has no good options left • Here's what people told me at the massive rally against a bailout deal in Athens • Greece is falling apart. Here's what you should know.
(DBN)

Tsipras: There won't be a Grexit • Greece threatens top court action to block Grexit • Greece Has a Long History of Debt and Bankruptcy • How Alexis Tsipras's Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink • Yay or Nay: Greece’s referendum will be complicated • Nobody knows what will happen in Greece, and European markets are getting crushed • Greece will default • Five scenarios for Greece in the coming days • What You Can and Can’t Do Under Greece’s Capital Controls • Panic Sets in Among Hardy Hedge Fund Investors Remaining in Greece • What to Look Out For in Greece's Referendum • These heartbreaking pictures of elderly people lining up outside banks sum up the chaos in Greece right now • Cash Withdrawals and Hoarding as Default Looms Over Greece • Greeks queueing to pull their money out of banks are getting mobbed • 850 Greek banks could re-open on Thursday — but only for one specific reason • The bankruptcy crisis has brought Greece to the brink of large-scale social unrest • Greece's Debt Crisis Sends Stocks Falling Around Globe • Greek Crisis Shakes Markets • Creditors Prevented Debt Reduction Deal In Greece • The Next Few Days Have the Potential to Transform Greece and Europe • Western Union to close in Greece for rest of week • If Greece Is Shut Out of the Eurozone, It Will Sail Into Uncharted Waters • Greece stumbling toward default: A game of chicken gone wrong • Greece's neighbors feel ripples from bank crisis in Athens • The moral crusade against Greece must be opposed • EU chief feels 'betrayed' by Greece • Europe to Greece: Vote Is About Keeping or Quitting Euro • Citigroup Girded for 'Challenging Situation' in Greece • Crisis-Ready Europe Urges Tsipras to Step Back From Brink • Now is when the Greece debt crisis gets really scary • One chart shows why the Greek economy is a mess • Tourists in Greece told to carry cash
(DBN)

Greece may find it is easier to close banks than re-open them
(DBN)

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MENA:

The end of sanctions is worth hundreds of billions to Iran
(DBN)

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