June 9, 2015

The Daily Bankruptcy News

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Law:

Few lawyers added at nation’s top law firms in 2014; which firms gained and lost the most? Legal Services Jobs Inch Up
(DBN)

Prosecutor: Dewey Pay Promises Exceeded Income
(DBN)

Barclays Wins Dewey Loan Case Against Michael Jackson Lawyer
(DBN)

Finally, Some New Jobs For Law School Graduates
(DBN)

Littler is hiring for new Kansas City admin center as it lays off 113 staffers in San Francisco
(DBN)

Ex-Deutsche Bank broker wins new trial in US after juror misconduct
(DBN)

At Law Firms, Managing Partners Slow to Try Twitter
(DBN)

Partners in Crisis Face Litmus Test
(DBN)

In Praise Of Compulsive Nutcases
(DBN)

Lawyers pay $1M and apologize to resolve ‘provably false’ claims made in abuse suit
(DBN)

UK law firm goes public, raises nearly $46M; how much will partners get? Law firm Gateley raises 30 mln pounds in pioneering London float
(DBN)

UK Top 100 see revenue rise - but worry about rising costs
(DBN)

DLA prepares to launch contract lawyer unit
(DBN)

Barnes & Thornburg law firm launches Dallas office
(DBN)

Bankruptcy Lawyer: How To Meditate: A Guide For Lawyers (Part I)
(DBN)

Panel Allows Marijuana Clinic to Pursue Ex-Lawyer in Bankruptcy 'Unclean hands' doesn't bar medical pot biz from recovering $25K taken by lawyer, 9th Circuit says Attorney Stealing Is More “Unclean” Than Selling Marijuana
(DBN)

SCOTUS to Consider Assets Seizure Question
(DBN)

59, JD, Underemployed Bartender - Never Letting Go
(DBN)

BigLaw ex-partner prepares for sentence over tax fraud
(DBN)

Your iPhone will now tell you who every mystery caller is so you can stop ignoring unknown numbers
(DBN)

These are all of the new features coming to your Apple Watch
(DBN)

The 12 best new features coming to the iPhone
(DBN)

Ten proven ways to free up space on your iPhone
(DBN)

There's a simple way you can tell whether a man is wearing a bad suit
(DBN)

New York Prison Break Probe Focuses on Whether Employees Helped Inmates New York Prison Break A Mystery Murderer who escaped from New York prison is 'the most vicious, evil person I've ever come across in 38 years as a police officer' New York prison break: What chance of success do escaped prisoners have? The maximum-security prison escape by 2 murderers is 'mind-boggling'
(DBN)

SC Grand Jury Indicts Ex-Police Officer Who Shot Walter Scott
(DBN)

McKinney teen describes the moment cop pulled her to the ground by her braids Dueling Views of McKinney Melee
(DBN)

Perjury charges filed against 4 police officers after dramatic ‘Perry Mason’-type reveal at hearing
(DBN)

Russia's richest man in $7 billion divorce fight
(DBN)

Oscar Pistorius out on probation in August
(DBN)

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Judges:

Christopher J. Panos Is Selected For The United States Bankruptcy Court In Worcester, Massachusetts
(DBN)

Poll: Trust lacking in Supreme Court over key issues
(DBN)

Supreme Court Scorecard: The big decisions due this month
(DBN)

Second Florida judge faces sanction for improper Facebook activity
(DBN)

A chance encounter with Justice Rehnquist
(DBN)

Kansas governor signs law cutting off court funding if courts strike down 2014 law
(DBN)

Justice Antonin Scalia Is Here To Rain On Your Nazi Parade
(DBN)

Justice Scalia's speech at a high school graduation was surprisingly funny
(DBN)

Good Grief! ‘Charlie Brown’ Calls Judge An A------
(DBN)

Complimentary CLE Program: Attorney Privilege and Work Product
(DBN)

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Wall Street:

US futures and global stocks lower
(DBN)

Wall Street loses ground as investors eye September rate hike U.S. stocks fall, pulling Dow into the red for year
(DBN)

The New York Post ripped a huge hole in that controversial 'wife bonus' tell-all, and now the publisher is backtracking Upper East Sider Has Heard Of Pre-Nups That Include No Fatties Clauses But Wife Bonuses? Get Out Of Town
(DBN)

There's No Place to Hide as Bonds Move in Tandem With Equities
(DBN)

Deutsche Bank sees 5%-9% correction for S&P 500
(DBN)

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Layoffs:

HSBC is getting ready to cut thousands of jobs HSBC to shed 50,000 jobs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Banking:

Deutsche Bank's new CEO brings turnaround record Cryan's no-nonsense approach caught eye of Deutsche Bank board
(DBN)

Bank Accounts: Next Thing to Go Obsolete
(DBN)

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Healthcare:

Blood-testing company files for Chapter 11 bankruptcy Health Diagnostic Laboratory Files for Bankruptcy Embattled Laboratory Files For Bankruptcy HDL's lawyer: 'We're starved of cash'
(DBN)

Bankruptcy judge OKs El Paso Children's Hospital budget to stay open Texas Tech claims El Paso Children's payments 'woefully insufficient'
(DBN)

Dark choices ahead for some rural Ohio hospitals
(DBN)

Hospitals That Overcharge the Uninsured by 1000% Why some hospitals can get away with “price-gouging” patients, study finds
(DBN)

Hospitals Price-Gouge, But It's Not Their Fault
(DBN)

Republican senator criticizes Obamacare on the grounds that Obamacare subsidies are awesome
(DBN)

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Celebs:

Teresa Giudice gives feds Maserati, Bravo pay to satisfy court debt 'Real Housewives' star Oks deal on court judgment Teresa Giudice gives feds percentage of Bravo network pay
(DBN)

Allegedly Drunk Kate Moss Escorted Off Plane, Called Pilot "Basic B----"
(DBN)

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Lehman:

Lehman Brothers to Pay Barclays to End Legal Battle
(DBN)

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Food/Beverage:

Pizza Hut made one mistake that sabotaged its turnaround
(DBN)

McDonald's sales slip in US and overseas
(DBN)

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Fraud:

Warren Capital receiver hires firm to seek insurance
(DBN)

CSC Books Called 'Unspeakably Unacceptable' SEC Claws Back $3.7 Million From Ex-CEO
(DBN)

Mastro associate Hazelrigg now in prison in Oregon
(DBN)

Rezko creditors come up short in bankruptcy case
(DBN)

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Gambling:

Caesars stock hits 52-week low as company seeks to stop bankruptcy litigation
(DBN)

Revel Nightclub Could Reopen in July – Straub Talks Selling Property Revel, power company agree to keep lights on for now
(DBN)

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Economy:

CEOs temper US economic growth outlook for 2015: survey
(DBN)

One-year US inflation expectations rebound -NY Fed survey
(DBN)

Demographics are going to cause the US economy to see decades of slower growth
(DBN)

NFIB small-business optimism index rises to five-month high in May
(DBN)

Study: Consumers on pace to rack up $55 billion in credit card debt
(DBN)

Krugman: Inflation Derp
(DBN)

Billionaire Sees Wealth Gap Fueling Social Unrest
(DBN)

OECD indicators cast doubt on US rebound OECD cuts global growth forecast, says recovery taking hold Investment Lags, Greece Looms
(DBN)

How tax rates are far higher than we all realize
(DBN)

Economy adds 280K jobs in May, but the definition of 'job' is changing
(DBN)

New Fears of job loss hit a new low: NY Fed
(DBN)

Get ready for autumn rate move from the Fed
(DBN)

Give to Those at the Bottom? Sure, as Long as They Stay There
(DBN)

Skyscrapers correlated with economic doom
(DBN)

Why are Americans buying so many cars?
(DBN)

$Millions in Medicaid Benefits Flow to Dead People
(DBN)

Chipotle to Offer Part-Time Workers Paid Vacation, Sick Pay, Tuition
(DBN)

Why mergers might not signal optimism
(DBN)

Cisco CEO: 40% of Companies Dead in 10 Years
(DBN)

How the Post Ownership Society Works
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Tactical Use of Bankruptcy when a Lis Pendens is Recorded
(DBN)

Is the rental crisis bringing down housing?
(DBN)

62% of serious delinquencies already used retention programs
(DBN)

Distressed sales accounted for 12% of home sales in March 2015
(DBN)

Home-Equity Lines of Credit See Jump in Delinquencies
(DBN)

This fundamental problem with the housing market is stopping lots of people from buying a home
(DBN)

Tech money is destroying streets of San Francisco
(DBN)

Colony trustee seeks $23 million judgment sale
(DBN)

Former DBSI chief operating officer released from prison
(DBN)

This is why your rent just won't stop going up
(DBN)

Homeowner Furious after Police Destroy House to Capture Burglar
(DBN)

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Municipalities:

Chapter 9 Cases with Debtors Other Than Cities, Counties and Towns
(DBN)

Bankruptcy or annexation appear most likely solutions to East Cleveland's financial woes
(DBN)

State rep. suggests Chicago Public Schools should declare bankruptcy
(DBN)

Pensions mean cash trouble for CPS
(DBN)

Volcker Sees Hidden Peril in State Budgets Paul Volcker, others fault New Jersey budgets
(DBN)

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Oil/Gas:

Tumbling Oil Boon for Hedge Fund Bankruptcy Specialists
(DBN)

Oil drilling in Montana taps out
(DBN)

Global Oil Shortage Before Year's End?
(DBN)

Could This Be OPEC’s Long-Term Goal?
(DBN)

U.S. shale production set to fall again in July, EIA says US Shale Boom is Grinding to a Halt
(DBN)

BPZ Energy Provides Update on Chapter 11 Process, Will Sell Substantially All Assets
(DBN)

Against Odds, Conventional Crude Oil Production Reaches New High Key Oil stockpiles continue to build: Govt.
(DBN)

Rubiales Becomes Riskiest Oil M&A as Biggest Holder Vows Dissent
(DBN)

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Pensions:

A $300 billion institution is about to make a move that will send chills down all of private equity's spine Calpers cuts costs by dumping many outside managers
(DBN)

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Retailing:

Kmart's sales have fallen off a gigantic cliff
(DBN)

Ann Taylor Pulled from the Bargain Bin
(DBN)

Anna's Linens Said to be Near BK
(DBN)

Family Christian bankruptcy sale hearing set for June 9
(DBN)

Sears' biggest problem: cash
(DBN)

Sears Officials Plan To Sell About 235 Properties And Form New Leasing Contracts
(DBN)

Unsecured Creditors Cry Foul at Proposed Karmaloop Auction
(DBN)

Gift cards becoming worthless for merged, bankrupt stores
(DBN)

See America's most lucrative shopping malls
(DBN)

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Student Debt:

A New York Times op-ed says you should default on student loans. That's a terrible idea Is this the worst op-ed ever written about student loans?
(DBN)

Gov't announces plan to ignore debt for more Corinthian students that could cost $3.6B Why the federal government is forgiving millions of dollars of student loans, explained
(DBN)

Boycott student loan debt?
(DBN)

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Coal:

Coal Miners: Is Bankruptcy the Smart Move?
(DBN)

US coal producer Peabody Energy cuts jobs Will Fire 250 Workers, Close Two U.S. Offices
(DBN)

Coal country college students are divided about whether to let their regions rot
(DBN)

Peabody Energy to Layoff 250 Employees Downtown
(DBN)

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Aviation:

US carriers drive record global profits for airline industry
(DBN)

Many airlines still struggling - IATA boss
(DBN)

Falcon Air Goes Out of Business
(DBN)

TSA Misses Airport Workers on Terror List
(DBN)

Delta Air Lines approached about investing in Skymark Airlines
(DBN)

Airlines have $3.7 bln ticket sales cash trapped in Venezuela -IATA
(DBN)

____________

Mass Torts:

World Fuel Services Corporation Announces Lac-Mégantic Settlement
(DBN)

Lac-Megantic settlement fund grows to $345 million
(DBN)

Trial Tuesday to decide Chinese drywall damages for 3000
(DBN)

____________

Television:

Aereo Wins Court Approval of Liquidation Plan
(DBN)

____________

Alternative Energy:

Bankruptcy hearings continue in KiOR case this week
(DBN)

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New Bankruptcy Opinions
(5 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 (59 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)

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Eligibility:

Section 109(a) – Filing a Chapter 11 Case for a Foreign Business
(DBN)

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Cross-Border:

Fifth Circuit Sharply Limits Discretion to Remand Proceedings Related to Chapter 15 Bankruptcy Cases
(DBN)

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Debt Collection:

No FDCPA Violations in Simon After Remand
(DBN)

____________

Subordination:

Substance Triumphs Over Form in American Housing Foundation
(DBN)

Fifth Circuit orders mandatory subordination of contractual guaranty claims
(DBN)

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Bankruptcy Reform:

ABI Commission Report – Class Acceptance & Cramdown
(DBN)

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Plan Confirmation:

A Lender’s First Line of Defense May be the Debtor’s Own Chapter 11 Plan
(DBN)

FRBP 3017: Don’t Forget To Serve The S.E.C. Your Disclosure Statement
(DBN)

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Usury:

Second Circuit Holds Application of State Usury Laws to Third-Party Debt Purchasers Not Preempted by National Bank Act
(DBN)

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Litigation:

Seventh Circuit holds that emailing complaint to the clerk's office constitutes timely initiation of suit
(DBN)

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Personal Finance:

The best and worst things to buy in June
(DBN)

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Education:

Students duped by colleges might get some relief
(DBN)

This is America’s worst college: Screwed-over Corinthian College students get screwed again by so-called debt relief
(DBN)

The US government is about to provide unprecedented debt relief to a huge pool of students
(DBN)

Hey, kids: better start saving up now for college
(DBN)

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Travel:

Luxury cruise travel company files for bankruptcy
(DBN)

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Politics:

Only one group of Americans has become less accepting of homosexuality in the last two years
(DBN)

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Soccer:

Football League toughens insolvency rules
(DBN)

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Accounting:

10 companies that won’t stop playing games with earnings figures
(DBN)

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Hoarders:

Accused hoarder violates bankruptcy judge's order, gets monitoring bracelet
(DBN)

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Sovereigns:

Kicillof: Griesa’s ruling proves we were right
(DBN)

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UK:

Milbank, Paul Hastings and Weil complete £1.5bn restructuring of General Healthcare Group
(DBN)

OECD tells George Osborne to spread pain of public spending cuts
(DBN)

Plus500 has unfrozen over 8,000 accounts — and only 457 customers have left
(DBN)

Councils 'may lose out' from increase in bankruptcy threshold
(DBN)

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EU:

When America gets snippy about Europe
(DBN)

If Europe cannot bend it will break
(DBN)

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PIIGS:

Greece submits new reform plan to EU and IMF Greece is now asking for an extra bailout to cover the €6.7 billion of debt it owes this summer Greek shares soar on reports of new reform plan
(DBN)

Greece willing to compromise with EU/IMF: government The prime minister's dilemma Tsipras moves Greece closer towards a debt default Greece's and the Eurozone's Best Move -- Adopt Limited Purpose Banking and Then Default The Greek Trap Merkel warns time running out President Barack Obama Warns Both Sides Need Flexibility Greece, Creditors Consider Extending Eurozone Bailout And now it looks like the Greece drama could drag on... until 2016 Greek finance minister calls for quick deal Obama Leads Calls for Greece to Secure Deal Swiftly Merkel should give a "speech of hope" in Greece - Varoufakis Joseph Stiglitz: Backing Greece into a corner serves no one Juncker says waiting for Greece to 'build its part of bridge' WSJ Foresees Elections and Third Memorandum for Greece Greece is in crisis (again), and here's what you need to know
(DBN)

Tsipras says Spain or Italy could follow Greece out of the eurozone
(DBN)

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Canada:

OECD slashes Canadian GDP growth forecast to 1.5% in 2015
(DBN)

39 suitors show interest in purchasing U.S. Steel Canada plants
(DBN)

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Iceland:

Iceland to Ease Capital Controls Imposed After 2008 Crash
(DBN)

Claimants of Collapsed Banks Accept Terms
(DBN)

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Japan:

Japanese Bankruptcies Hit 25 Year Low in May
(DBN)

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Ukraine:

Central bank decides to liquidate insolvent Kiev Bank Nadra
(DBN)

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China:

China Shadow Banker Sidesteps Default Concern to Sell Debt
(DBN)

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India:

New debt rules squeeze India's crony capitalists
(DBN)

Gandhi-Style Protests Used to Combat Indian Bad Loans
(DBN)

Why bankruptcy code should be a part of Companies Act
(DBN)

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