June 4, 2015

The Daily Bankruptcy News

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Law:

Two More Ex-Dewey & LeBoeuf Partners Say Firm Cut Corners
(DBN)

Judge Rejects Howrey 'Unfinished Business' Claims
(DBN)

Lawyers’ rates in Texas rocket
(DBN)

GC to Firms: Study Our SEC Filings
(DBN)

Biglaw Mommy: Stop Calling It ‘Vacation’ Already
(DBN)

Former senator exits Bryan Cave after his testimony helped widow win $77M judgment from firm client
(DBN)

Florida lawyer asks appeals court to unmask anonymous Avvo reviewer
(DBN)

Can Lawyers Be People Too?
(DBN)

Bankruptcy Lawyer: Embracing Conflict As Lawyers
(DBN)

LawProse: Caselaw: one word or two?
(DBN)

Binder & Binder Cash Flow Beats Budget
(DBN)

What to Ask if TAR is on the Table
(DBN)

Albany Law School to Affiliate With SUNY-Albany Amidst 34% Enrollment Decline, Faculty Buyouts
(DBN)

Everything we know about Apple's next big iPhone update, iOS 9
(DBN)

A Social Media Primer For New Lawyers (2015 Edition) Part 1
(DBN)

Law Clerk Gets Burned By Facebook Post
(DBN)

“The Lawyer Bubble, A Profession in Crisis”
(DBN)

Texas patent holding company files 49 lawsuits in a week, isn’t listed on own office building’s directory
(DBN)

The 6 trendiest beard styles
(DBN)

Arrest Warrants Issued To People Who Cheered At High School Graduation
(DBN)

Furor Erupts Over Female Cal-Tech Science Prof's Advice To Post-Doc: 'Put Up With' Adviser Looking Down Her Shirt
(DBN)

Man Accused Of Killing Son Over Potty Training
(DBN)

Federal Circuit: US must pay attorney’s fee to lawyer who took veteran’s case 20 years ago
(DBN)

US-born Israeli soldier won’t be jailed for eating non-kosher sandwich
(DBN)

Science teacher suspended without pay for using a signal jammer to block his students' phones
(DBN)

Lawyer Will Gladly Punch A Kid For You
(DBN)

______________

Judges:

7th Circuit judge writes one-sentence ‘maybe’ concurrence; was it a ‘dubitante’ opinion?
(DBN)

Sotomayor Sounds Off: How the lack of professional diversity is hurting the high court
(DBN)

Judge Accused Of “Tyrannical Partiality” By Ethics Commission Gets Indicted
(DBN)

______________

Wall Street:

US stocks set for lower open amid bond rout
(DBN)

Stocks close higher on data, Greece
(DBN)

The US could be heading for a big stock market crash US market could be heading for a big correction
(DBN)

______________

Layoffs:

Last Task After Layoff: Train H-1B Foreign Replacements
(DBN)

Kansas Agencies Brace for Furloughs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Vera Bradley Drops to Record Low as Brand Struggles for Buyers
(DBN)

Frederick's of Hollywood Sale to Authentic Brands Approved by Judge
(DBN)

Retail Stocks Up Despite a Sidelined American Consumer
(DBN)

The Two ‘Ugliest’ Looking Companies in Retail
(DBN)

___________

Social Media:

Treatment of Social Media Accounts in Bankruptcy
(DBN)

____________

Coal:

UMWA pushes back on possible Patriot Coal sale to Blackhawk Mining
(DBN)

Patriot bankruptcy sale proposal excludes union mines in W.Va.
(DBN)

Peabody cutting coal production
(DBN)

Mining Union President Urges Members to Lobby Against Natural Gas Plants - Reeling from the loss of coal-mining jobs in Appalachia
(DBN)

Uncharted territory: What do Alpha Natural Resources self-bonding woes mean?
(DBN)

____________

Celebs:

Get rich or die tryin'
(DBN)

____________

Lehman:

Dick Fuld's Return to Wall Street Was Hard to Watch
(DBN)

____________

Education:

Purchaser of defunct for-profit begins to plot a strategy
(DBN)

John Paulson to donate $400 million to Harvard For the love of God, rich people, stop giving Harvard money
(DBN)

Career Education cutting 149 jobs
(DBN)

____________

Non-Profits:

NYC nonprofit picks up programs from bankrupt agency
(DBN)

____________

Defaults:

Amid Volatility, High Yield Bond Defaults In May Most Since October 2009 Speculative-grade bond defaults in May climb to highest since 2009, S&P report says
(DBN)

____________

Aviation:

Parker to retirees: American Airlines isn’t going to change its travel policy, period
(DBN)

____________

Politics:

Rudy Giuliani thinks it 'makes a lot of sense' for Michael Bloomberg to challenge Hillary Clinton
(DBN)

Liz Warren vs. Mary Jo White: Woman-on-Woman Violence
(DBN)

Elizabeth Warren targets auto loans
(DBN)

Christie: $250,000 in Expenses, No Receipts
(DBN)

Fact Check - Rick Perry: "One out of five of our children live in a family that’s on food stamps."
(DBN)

____________

Corporate Reform:

After Hey Hey, Ho, Ho, Mary Jo It's Time to Go
(DBN)

____________

Soccer:

The net is closing on senior FIFA leaders
(DBN)

Piazza interested in buying bankrupt Italian soccer team
(DBN)

____________

Private Equity:

Buyout Firms Cash Out at the Exit
(DBN)

____________


Economy:

Survey: US Business Hiring Picks up in May to 201,000
(DBN)

Federal Reserve Board’s Survey Reveals State of Economic Recovery
(DBN)

US, World Economies Slowing Down
(DBN)

U.S. Workers Ask: Where's My Raise?
(DBN)

Service sector expanded at a slower pace in May Slower U.S. Services Growth Signals Subdued Economic Rebound
(DBN)

Reports Paint Mixed Picture of US Economy
(DBN)

29% of Americans over 55 have zero retirement savings
(DBN)

The 9-to-5 job is dying Working around-the-clock has become a status symbol in America
(DBN)

A strong case for waiting until 2016 for Fed rate hike
(DBN)

Almost everyone the Fed talks to says wages are going up
(DBN)

5 sectors in the gravest danger from rising rates
(DBN)

Federal Reserve policy helping rich get richer: BlackRock pro Rick Rieder
(DBN)

Fed: The economy expanded during April and May
(DBN)

You Make the 1% & Tax Rate Drops from There
(DBN)

We have reached a tipping point where technology is now destroying more jobs than it creates, researcher warns
(DBN)

New retirement age is not 65, not 95: It's higher
(DBN)

Inequality worries Americans across parties: Poll
(DBN)

Why men (at least pretend to) work longer
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

“Deed in Lieu”: Deed That Is Not Really In Lieu Of Foreclosure Will Likely Not Be Treated As a Deed
(DBN)

Weekly Mortgage Apps. Plunge 7.6% on Higher Rates
(DBN)

Beige Book: Housing continues to expand through the spring
(DBN)

San Francisco Median Rent Skyrockets to $4,225 a month
(DBN)

JPMorgan Partly Escapes WaMu Takeover Mortgage Liabilities J.P. Morgan Wins in WaMu Case
(DBN)

Snakes in walls: Realtor accused of selling infested home
(DBN)

Second-Lien Holders No Longer Second Class
(DBN)

HOA Fights Swingers Home
(DBN)

Hollywood realistically tackles foreclosure crisis with '99 Homes'
(DBN)

Older Americans Facing Record Foreclosures
(DBN)

____________

Municipalities:

Puerto Rico’s Power Agency Forecasts $3 Billion in Annual Operating Expenses
(DBN)

After Loss of Pension Amount, Increase in Taxes Await Residents of Wayne County
(DBN)

Here Are the U.S. Cities Where Wage Growth Has Lagged Job Growth
(DBN)

____________

Opera:

Rival Bidders in Talks On Reviving New York City Opera
(DBN)

____________

Oil/Gas:

OPEC set to keep pumping as oil price stabilizes Saudis and OPEC want to kill the US shale industry with cheaper oil Saudis Believe They are Winning The Oil Price War
(DBN)

US crude oil inventories tumbled last week
(DBN)

CNBC Oil Survey: No OPEC action, but what about shale?
(DBN)

More OPEC Oil Coming When Iranian Sanctions Removed
(DBN)

Some OPEC members are floating a new 'fair' price for crude
(DBN)

Six Faces in the Race to Pump More Oil
(DBN)

Barclays: Expect production to rise for a few companies taking advantage of cheap oil
(DBN)

Bankrupt Ivanhoe Energy assets to be sold 'in near term'
(DBN)

Oil Company Championed By Former Billionaire Goes Bankrupt
(DBN)

Asian Financial Sector Hit Hard By Low Oil Prices
(DBN)

"Dealing with Counterparty/Bankruptcy Risk in the Upstream Oil and Gas Industry"
(DBN)

____________

Mining:

Moody’s Downgrades Molycorp Rare-Earths Miner Molycorp Prepares to File for Bankruptcy Protection
(DBN)

China's Rare Earth Plays Fly While Molycorp Teeters
(DBN)

____________

Steel:

Algoma Looks Distressed Again, Eight Months After Debt Reprieve
(DBN)

____________

Fraud:

FIFA auditor KPMG totally whiffed on bribery scandal
(DBN)

Judge Gives Trustee Green Light to Seek 'Fictitious Profits' From Madoff Customers
(DBN)

Miami Investment Adviser Accused Of $2 Million Ponzi Scheme Targeting Retired Public Sector Employees
(DBN)

SEC Seeks Deceased Alleged Ponzi Schemer's Life Insurance Proceeds To Pay Victims
(DBN)

____________

Gambling:

The Litigation in Caesars’ Bankruptcy Case is Decadent and Depraved
(DBN)

Caesars argues case for staying lawsuits related to bankrupt unit
(DBN)

Adviser of Caesars Unit Sees Danger in Lawsuits Continuing Against Parent
(DBN)

Hard Rock just revealed plans for a new casino that could put Atlantic City out of business
(DBN)

____________

Viaticals:

Buying Out Life Insurance Policies Is A Bad Investment When People Keep Living
(DBN)

____________

Healthcare:

El Paso Children's Hospital Foundation: says donations will never go toward debt, bankruptcy costs
(DBN)

Yadkin sues hospital operator
(DBN)

Moody's downgrades East Liverpool City Hospital bond rating
(DBN)

6.4 Million Could Lose Obamacare Subsidies
(DBN)

13% Have Fallen Off Obamacare Rolls
(DBN)

____________

Guns:

Colt to Trim Unsecureds Recoveries If Tender Rejected
(DBN)

____________

Tech:

GT Advanced Technologies Extends Solicitation Period in Connection With DIP Loan Facility
(DBN)

Why Tesla’s Musk is no corporate welfare queen
(DBN)

____________

Metals:

Portland metal recycler files for Chapter 11
(DBN)

____________

 


New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (107 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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Personal Bankruptcy:

Updated Means Test Information for Cases Filed on and After May 15, 2015
(DBN)

____________

Lien Stripping:

The Supreme Court Continues Stability In The Secondary Mortgage Market
(DBN)

A Victory for Lenders—for Now
(DBN)

____________

Intercreditor:

RadioShack; Unitranche Clarity, or Radio Silence?
(DBN)

____________

Tax:

First Circuit tells late filers that tax debts are not dischargeable in bankruptcy
(DBN)

Baron David de Rothschild’s Bank Fined Over U.S. Tax Dodging
(DBN)

____________

Privilege:

What Corporate Officers and Trustees Need to Know About the Waiver of the Attorney-Client Privilege in Bankruptcy
(DBN)

____________

Secured Debt:

Collateral Descriptions and Blanket Liens: Is the Kitchen Sink Enough
(DBN)

____________

Proofs of Claim:

You’re Late! You’re Late! For a Very Important Date! Seventh Circuit Holds Bankruptcy Rule 3002(c) Deadline to File Proofs of Claim Applies to Secured Claims
(DBN)

____________

TBTF:

House bill would limit Fed emergency powers
(DBN)

Keep Dreaming, Regulators: Bailout Risk Is Alive and Well
(DBN)

____________

Agriculture:

Strawberry Farm Takes Dispute With Selling Agent to Bankruptcy Court
(DBN)

____________

Personal Finance:

How to buy more time when you're considering a job offer
(DBN)

____________

Consultants:

GlassRatner Announces Worldwide Financial Advisory, Insolvency & Restructuring Group Launch
(DBN)

____________

Telecoms:

NII Holdings chief denies giving creditors sweetheart deal in bankruptcy case
(DBN)

____________

Weather:

Freddie Mac extends disaster relief to borrowers in Texas, Oklahoma
(DBN)

____________

Hockey:

Lead bidder says he would keep Otters in Erie
(DBN)

Pens hire bank to gauge team finances
(DBN)

____________

UK:

Ex-Barclays chairman says a historic move to slice UK banks into two arms could destroy the economy
(DBN)

A devastating Credit Suisse note says Britain's economy is screwed
(DBN)

Bank of England Holds Rate Steady
(DBN)

Lloyd's Loses Case to Screw Investors Out of £1B
(DBN)

Weil’s London Restructuring and Structured Finance team advises Barclays on the £1.5 billion financial restructuring of the General Healthcare Group
(DBN)

____________

EU:

ECB says won't roll back QE, wants Greece to stay in euro German Bonds Fall After Draghi Comments ECB sees growth faltering as it presses on with QE
(DBN)

Why Draghi laughs at notion of an ECB ‘exit strategy’
(DBN)

Global Bonds Battered a Day After Draghi Comments
(DBN)

____________

PIIGS:

Tsipras rebuffs reform proposal Tsipras says more talks needed for deal Tsipras sees Greek deal, but differences remain Greece to make counter-offer on deal to creditors What reforms are EC, IMF and Athens arguing over? Can Greece and its lenders bridge their differences? The axe is about to fall on Greece 'Combative' negotiations resume after 'some aspects of a financing deal' agreed overnight Greek Groundhog Day: Talks Fail to Break Impasse
(DBN)

Greece's Creditors Make Some Concessions as Showdown Approaches France, Germany agree to ease budget targets in debt deal: Greek govt Creditors' offer prompts anger, dismay in Greece Germany Fin Ministry: Greece’s Financing Proposal Not Sufficient to Meet Lenders’ Requirements Greece proposes low primary surplus targets, VAT reform Greece : The never-ending crisis Spanish economy minister 'totally sure' of Greek deal Why Greece could erupt into complete chaos Greece may opt for elections if hard pressed with EU/IMF ultimatum Warning: Greek debt drama could spread disaster
(DBN)

Here's What Defaults Did to Other Countries as Greece Teeters
(DBN)

Risk As Greek Deposits Bleed
(DBN)

New provisions for secured creditors in the Spanish Insolvency Act
(DBN)

____________

Canada:

The View From Up North: A Look At Who’s Advising On The Biggest Canadian Deals
(DBN)

____________

China:

Alibaba to sell portfolio of bad loans online
(DBN)

____________

Australia:

Australian Indemnitees from the Perspective of US Noteholders
(DBN)

Courts eye SMSF assets of bankrupt estates as 'honeypot' grows

____________

India:

Markets hammer debt-laden firms
(DBN)

____________

South Korea:

US fund Elliott challenges Samsung Group restructuring move
(DBN)

____________


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