March 16, 2015

The Daily Bankruptcy News

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Law:

Top Law Firm Withholding Bonuses Unless Associates Do A ‘Marketing Project’
(DBN)

The Mythical Non-Elite S&C Partner
(DBN)

America's Most Expensive Law Schools
(DBN)

Gainful employment rule could harm law schools
(DBN)

Yale Law always beats Harvard, and it's a complete mystery why
(DBN)

Law School Rankings by BigLaw Partners
(DBN)

Bankruptcy lawyer Prescott, of 'This is all we do, and we do it well' pitch fame, dies
(DBN)

TN: Kious, Rodgers Names Bankruptcy Partner
(DBN)

McConnell says attorney general nomination could be delayed
(DBN)

Lawyers Object to Making Legal Briefs Briefer
(DBN)

Morgan Lewis Merges With Singapore Law Firm
(DBN)

Pillsbury Finance Leader To Join Winston In Mass Acquisition
(DBN)

Litigation Lag Reveals Law Firms Making Same Mistakes
(DBN)

Elite New York Firms Once Again Break From the Pack
(DBN)

Cahill's Revenue, Profits Slip After Two Record Years
(DBN)

Fried Frank's Rebound Continues
(DBN)

Legal Mergers and Moves: Week in Review
(DBN)

Stay or Go? Hogan Lovells and Mayer Brown Decide Differently
(DBN)

Rodgin Cohen: There’s More Pricing Pressure
(DBN)

MoFo Sees Atty Drop In 2014 As Big Cases Wrap Up
(DBN)

Michigan law schools slide in US News national rankings
(DBN)

LSU Law center drops more than 20 spots, but still among top 100 schools in U.S. News 'Best Graduate Schools' rankings
(DBN)

Law School Launches First 'Teaching Law Firm'
(DBN)

Number of LSAT Test-Takers Increased in February 2015
(DBN)

Open Thread: 2016 U.S. News Law School Rankings (31 – 50)
(DBN)

Which Law Schools Do Students Love So Much That They’re Dying To Enroll?
(DBN)

Swimming Lessons For Baby Sharks – Practical Advice For New Lawyers
(DBN)

Following New York’s lead, California bar officials plan to require pro bono work for admission
(DBN)

Law firm is dissolving after nearly 60 years; senior partner points finger at retirement plan
(DBN)

The Story of Creation (of the Law)
(DBN)

Australia: How much do lawyers earn?
(DBN)

BlackBerry rolls out new high-security tablet
(DBN)

Apple failed to explain why we need a smartwatch, but it did give us a hint --- Apple may have 'totally oversold' a key feature on the Apple Watch --- Here's how the Apple Watch compares to its biggest rivals
(DBN)

Apple's new super-thin MacBook may be a bad deal now, but just wait --- Everyone is making fun of Apple's new MacBook, but here's why you should be excited about it --- Here are all the things you'll be able to do with the fancy touchpad on Apple's new MacBook
(DBN)

Clinton’s one-device issue is nightmare for employers
(DBN)

Master The LinkedIn Company Page: 12 New Data-Backed Tips To Max Out Yours
(DBN)

How to buy the right belt
(DBN)

How to go completely invisible on Facebook
(DBN)

20 things high achieving employees say to their bosses
(DBN)

A behavior-change expert explains how to get people to do what you want
(DBN)

6 habits of the most likable people
(DBN)

The embattled mayor of Ferguson, Missouri makes just $4,200 a year --- Ferguson mayor, under fire, says he shouldn't be held accountable --- Why Ferguson's protesters are still on the streets --- St. Louis Police: Suspected shooter of two police officers in custody --- Skipping the beach for Ferguson this Spring Break
(DBN)

Soccer Player Gets 8 Years for Killing Referee
(DBN)

Sleepwalking defense yields murder acquittal in dad’s trial
(DBN)

Trial next week could free Oregon man jailed for 900 days; he isn’t the defendant
(DBN)

Infamous NYC real-estate heir says he 'killed them all' on HBO finale of 'The Jinx'
(DBN)

Say What?!
(DBN)

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Judges:

Judge Rips Into Lawyer For Dressing ‘Like Something Out Of Harry Potter’
(DBN)

Who Is Liberal Judge Abernathy on 'The Good Wife'?
(DBN)

Convicted judge is indicted again
(DBN)

Judge Seamus P. McCaffery wife and top aide paid referral fees - The Morning Call

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Wall Street:

U.S. Stock-Index Futures Advance After Three Weeks of Retreat
(DBN)

Stocks rocky, post 3rd weekly loss
(DBN)

How stocks will react to Fed rate-language revision
(DBN)

The 52-Week Low Club
(DBN)

Short selling's new sultans take the stage
(DBN)

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Layoffs:

Cypress Semiconductor and Spansion merger will lead to roughly 1,600 job cuts
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Weather:

California reservoirs running dry as drought continues --- NASA scientist says one year left of California water supply
(DBN)

Boston breaks seasonal snowfall record with 108.6 inches
(DBN)

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Celebs:

Joe & Teresa Guidice Update: ‘The Real Housewives’ Daughter Gia Giudice Slams Rumors That Joe Cheated on her Mother
(DBN)

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Gambling:

Monday's hearing on Revel casino sale postponed
(DBN)

Judge Says Caesars Examiner Gets Wide Powers
(DBN)

Revel Denied in Third Attempt at Selling $2.4 Billion Casino --- Judge denies Revel sale for $82M --- Revel suffers setback as judge rules against latest deal --- Revel sale to Polo North remains unfinished, fraught; liquidation discussed
(DBN)

Hundreds of union workers protest outside Taj Mahal casino
(DBN)

Caesars Quizzed Over Lost Pension Plans
(DBN)

Moody's: Sale-Leasebacks Could Prove a Solution for Struggling US Gaming Companies
(DBN)

____________

Mass Torts:

Sheldon Silver-linked law firm has hand in asbestos funds
(DBN)

Garlock not given key evidence in case that resulted in $24M verdict, company argued
(DBN)

US appeals ruling on size of BP oil spill
(DBN)

____________

Festivals:

Creditors from BottleRock 2013 win $3 million judgment
(DBN)

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Non-Profits:

Bank moves to block sale of Destin Y property
(DBN)

The wrecking of a blue-chip New York nonprofit
(DBN)

____________

Autos:

A $14,000 daily fine for Takata is making the company more forthcoming about investigation of exploding airbags
(DBN)

GM settles landmark suit over deadly ignition switches
(DBN)

Chassix files for Chapter 11 bankruptcy in New York court --- Chassix Receives Court Approval of First Day Motions
(DBN)

____________

Banking:

Fed Should Stop the Stress Test Guessing Game
(DBN)

HSBC should face criminal trial says prosecutor
(DBN)

U.S. seeks billions from global banks in currency investigation
(DBN)

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Publishing:

Dozens of Publishers Sue Bankrupt Family Christian Stores for Their Stuff Back
(DBN)

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Document Management:

Silver Point Capital hedge fund, set to buy Standard Register, says it will keep headquarters in Dayton
(DBN)

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Construction:

XL Specialty, BMO Harris reach settlement over Truland payments
(DBN)

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Tech:

GT Advanced Technologies Inc Secures $100 Million Loan
(DBN)

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Religion:

Jesus Wants Me to Have This Gulfstream G650
(DBN)

___________

Guns:

Ailing Colt hires financial restructuring adviser
(DBN)

____________

Environmental:

Scary Stories and the Limited Liability Polluter in Chapter 11
(DBN)

2 former Freedom owners set for plea hearings in spill case
(DBN)

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Corporate Reform:

S.E.C. Wants the Sinners to Own Up
(DBN)

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Ethanol:

USA Today: End the Ethanol Mandate
(DBN)

____________

Defaults:

Survey: Leveraged loan managers expect default rate to hold below historical average
(DBN)

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Consumer Finance:

Why are Credit Card Accounts Charged-Off? The Determinants of Delinquency and Bankruptcy
(DBN)

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Forest Products:

Former Charleston log exporter’s creditors seek repayment through forced bankruptcy
(DBN)

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Economy:

Welcome to a Fed outlook without patience --- Investors in ' patient panic ' over Fed language --- The Federal Reserve is ready for 'lift off' on interest rates
(DBN)

The US could have 4% unemployment and still not hit the Fed's 2% inflation target
(DBN)

Economy's not going according to script for breakout year
(DBN)

US consumer sentiment falls in March
(DBN)

Economy Changes: Middle Class Mindset Blurs
(DBN)

Surprise: U.S. Economic Data Have Been the World's Most Disappointing
(DBN)

America is full of slackers and deadbeats who won’t work
(DBN)

GOP to Offer Budget with Medicare, Food Stamp Cuts
(DBN)

2016 and the debt ceiling --- Debt fight to dominate
(DBN)

The US is about to hit the debt limit (again) --- US expands measures to buy time under debt limit
(DBN)

Congressman says criminal probe opened into 2012 Fed leak
(DBN)

UK Budget and Fed rate decision provide focus for data watchers
(DBN)

Average Spend on Engagement Ring +5% in 2014
(DBN)

At this rate, five states still won't close their gender wage gap this century
(DBN)

These are the states where more people get married a 2nd or 3rd time
(DBN)

Global currency wars are threatening a Lehman-style crisis
(DBN)

The world must prepare for its dollar-binge punishment — and it won’t be pretty
(DBN)

Global recovery fragile, India a bright spot - Lagarde
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Average mortgage loan size outpaces home prices
(DBN)

Disbarred attorney charged in claimed $44M foreclosure rescue scheme; bail is set at $17.8M
(DBN)

Why most renters aren't ready (or willing)
(DBN)

Are we headed for another subprime lending crisis in the United States?
(DBN)

Nomura is first to fight FHFA toxic mortgage lawsuit in court
(DBN)

Pagliara: Government's profit sweeps of Fannie and Freddie put taxpayers at risk
(DBN)

Carl Icahn went on an epic rant after losing a hot NYC property
(DBN)

Retail space still vacant as Sioux City legal fight drags on
(DBN)

Boca Raton office building faces $23M foreclosure, three big auctions scheduled
(DBN)

Scavengers raid foreclosed home
(DBN)

America's failing malls are getting a second life
(DBN)

____________

Municipalities:

Bankruptcy reaches limits in DPS, Wayne County
(DBN)

Atlantic City emergency manager's report shrouded in mystery
(DBN)

Atlantic City mayor details emergency manager process
(DBN)

Audit cost double, San Bernardino learns before bankruptcy deadline
(DBN)

Texas developer delivered 'heartbreak and desperation' with unmet expectations --- Herring's future remains uncertain after review
(DBN)

Experts: Detroit 'walking man' owes zilch in taxes
(DBN)

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Personal Finance:

Why Children Need Chores
(DBN)

How these 6 factors decide if you'll be a millionaire --- 7 habits of millionaires that anyone can learn
(DBN)

17 men's fashion experts on Instagram who will inspire you to dress better
(DBN)

The 8 most impressive questions you can ask in a job interview --- A CEO shares the one interview question he always asks job candidates
(DBN)

What to say when your kids notice some families are wealthier — or poorer — than yours
(DBN)

____________

Oil/Gas:

Mon. A.M.: Oil drops on Iran nuclear talks, ample stocks --- Oil extends losses, US crude drops below $45 a barrel
(DBN)

Sun. P.M.: Oil prices stabilizing, will continue to firm up: Saudi adviser --- The weekend is over and oil is getting slammed
(DBN)

BP CEO on oil : 'It's going to be very painful'
(DBN)

Trader who predicted rout sees oil falling below $40
(DBN)

The collapse of Big Oil: How the industry priced itself into oblivion
(DBN)

'Fracklog' means no oil bottom anytime soon
(DBN)

U.S. weekly rig count down 67 --- Lowest level in four years --- The oil rig count crash is following an eerily similar path that gas rigs followed years ago
(DBN)

Texas Petro Index falls as oil and gas activity continues to suffer
(DBN)

Watch Four Years of Oil Drilling Collapse in Seconds
(DBN)

Fri. P.M.: Oil plunges on bloated US supply, dollar --- Oil is back in the doldrums as the IEA warns of glut --- Oil Prices Drop as Production Hums Along Despite a Brimming Supply
(DBN)

Consol to cut capital spending further in Marcellus --- A major US driller just announced a huge cut in its spending plans --- Consol cuts another $80 million from well budget
(DBN)

Eni Becomes First Oil Major to Cut Dividend After Price Drop
(DBN)

"Closed for Business" -- Oil Prices Force Bankruptcy Filings in Oil Country
(DBN)

Greenspan: The US is producing oil that has nowhere to go
(DBN)

Oil suffers 9% weekly loss on supply fears
(DBN)

Big Changes Needed For Big Oil To Survive
(DBN)

The Truth About U.S. Crude Storage
(DBN)

The Real Problem Behind Low Oil Prices
(DBN)

Low oil prices a credit positive for most ABS sectors
(DBN)

Data Suggests An Oil Price Recovery Could Be Sooner Rather Than Later
(DBN)

Get Ready for Merger Mania
(DBN)

Low Oil Prices Produce Bargains Beyond The Oil Patch
(DBN)

And So it Begins: North Dakota Oil Output Slides 3.3%
(DBN)

In Mexico Oil Market, Mood Moves From Excited to Anxious
(DBN)

European oil giants profit from crude's slump
(DBN)

How U.S. Steel Would Benefit From A Recovery In Oil Prices
(DBN)

Airlines – but not passengers – see benefits as crude oil prices drop
(DBN)

The Real Story Behind the Oil Price Collapse
(DBN)

____________

Education:

Here's the type of college that's most in danger of closing
(DBN)

____________

Television:

Here's What TiVo Plans to Do with Aereo's Assets --- TiVo acquire some customer lists from bankrupt Aereo
(DBN)

TV ratings see double-digit declines for fifth straight month --- The Death of Broadcast TV
(DBN)

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Hollywood:

Five Worrisome Moviegoing Trends in 2014
(DBN)

____________

Lehman:

N.J. settles suit over Lehman collapse, report says
(DBN)

____________

Retailing:

Retailers, restaurants raid ex-RadioShack sites for prime real estate
(DBN)

Radioshack Unsecured Creditors Subpoena Loan, Swap Documents
(DBN)

Versa Capital Trumps B. Riley at Wet Seal Auction
(DBN)

TigerDirect will close 6 South Florida stores, keep one open
(DBN)

Sears Hometown stock tumbles on declining sales
(DBN)

Retailers closing the most stores
(DBN)

Shopko goes shopping for defunct Alco stores
(DBN)

____________

Theater:

Does bankrupt Surflight Theatre have a savior?
(DBN)

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Corporate Governance:

Grassroots Shareholder Activism in Large Commercial Bankruptcies
(DBN)

____________

Bankruptcy Alternatives:

In tough times, dissolution may offer the benefits of bankruptcy but without the high costs
(DBN)

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Student Debt:

Crackdown on Five Private Student Loan Collection Agencies -- But More Needs to Be Done
(DBN)

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Alternative Energy:

Biodiesel industry faces uncertain future
(DBN)

____________

Toll Roads:

Toll road sale means world is 'nuts'
(DBN)

____________

Resorts:

Replay Resorts to take control of Tamarack Resort
(DBN)

____________

Shipping:

ING and BNP Paribas drawn into OW Bunker bankruptcy saga
(DBN)

____________

Mining:

Is Barrick Gold A Candidate For Bankruptcy ?
(DBN)

____________

Finance:

Junk-Bond Indigestion Seen Amid $11 Billion Glut
(DBN)

____________

Coal:

Coal miner Murray to gain control of rival, sees coal bankruptcies ahead
(DBN)

____________

Politics:

Walker Slashed Taxes, Will Miss Debt Payment
(DBN)

____________

Agriculture:

Stamp Farms saga: How a prominent business was crippled by bankruptcy, crime
(DBN)

____________

Tax:

Tax Cheat Hid $300 Million In Swiss Accounts
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (29 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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Miscellaneous:

The Week Ahead
(DBN)

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Bankruptcy Reform:

Following Obama's lead, Democrats propose bankruptcy option for student loans
(DBN)

Assessing Bankruptcy Reform in a Model with Temptation and Equilibrium Default
(DBN)

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Bankruptcy Strategy:

Chapter 11 Triage: Diagnosing a Debtor's Prospects for Success
(DBN)

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Cross-Border:

Jacobs v. Terpitz: Entering Into a Partnership Constitutes “Minimum Contacts”
(DBN)

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Small Business:

An Argument for Simplifying the Code's 'Small Business Debtor' Definition
(DBN)

____________

Avoidance Actions:

Golf is a Crazy Game --- Golf Channel Must Repay Nearly $6M In TV Ad Money To Stanford Receiver, Says Appeals Court
(DBN)

____________

Withdrawal of the Reference:

Four Non-Core Matters and A RICO Claim Don't Justify Immediate Withdrawal of Reference, USDC Rules
(DBN)

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Indentures:

The Trust Indenture Act has Reemerged as a Powerful Tool for Objecting Bondholders Outside of Bankruptcy
(DBN)

____________

Recent Pleadings:

NII Junior Creditors Slam Link Between DIP and PSA
(DBN)

______________

Fraud:

Court ruling could affect $1 billion in Petters clawback lawsuits
(DBN)

Take a fly-over tour of the $110 million Hamptons mansion that's at the center of a huge lawsuit
(DBN)

Ackman Addresses FBI Investigation: We don't need to lie. Herbalife is a pyramid scheme!
(DBN)

Hurricane Sandy: Four Class Action Lawsuits Allege Insurers Manipulated Software To Underpay FEMA Flood Claims
(DBN)

Use of Z-Score in Detection of Earnings Manipulations
(DBN)

____________

Healthcare:

Daughters' hospitals aren't alone in facing financial trouble
(DBN)

Worry Over Hospital's Uncertain Future
(DBN)

After Prime Healthcare pullout: 3 scenarios for Daughters of Charity
(DBN)

Goal should be to keep Daughters of Charity hospitals open
(DBN)

How Bay Area's hospital landscape is shifting radically
(DBN)

Consolidation to Rise for Non-Profit Senior Living Operators in 2015
(DBN)

____________

Soccer

Parma's crisis deepens as more points docked --- Di Francesco: 'Parma like Juve'
(DBN)

____________

Flooring:

Lumber Liquidators is tanking --- US businesses avoiding Lumber Liquidators amid safety allegations --- Goldman Sachs didn't like what it heard from Lumber Liquidators
(DBN)

____________

Taxis:

Yellow Cab Of Reno Reeling From ADA Lawsuit, Bankruptcy Possible --- Yellow Cab May File Bankruptcy In Wake of Lawsuit
(DBN)

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Sovereigns:

Griesa warns against helping Argentina --- Now Argentina Can't Even Pay Bonds in Argentina --- Argentina blasts Judge Griesa ruling blocking Citigroup from paying --- Gov't considers Griesa's ruling a 'shameful excess of jurisdiction' --- Unmade in Manhattan --- Gov't warns Citibank it could lose its license --- Argentina says bond payment must go through despite US ruling --- Argentina says to be inflexible with banks despite US court ruling
(DBN)

Ukraine's debt restructuring to include haircuts: finance minister
(DBN)

Franklin Templeton hires Blackstone to advise on Ukraine debt restructuring talks
(DBN)

Sovereign Defaults Before International Criminal Courts and Tribunals
(DBN)

____________

UK:

PwC finds UK high street store closures 'rocketed' in 2014 --- Loss of UK shops up nearly threefold in 2014
(DBN)

'Absolute disaster' as waste company folds leaving huge pile of rubbish
(DBN)

____________

EU:

Insolvency proceedings: new rules to promote economic recovery
(DBN)

Euro Seen Draghi's Savior as Week-Old QE Targets Lagging Economy
(DBN)

The dollar has hit a 12-year high against the euro --- The weak euro is powering European stocks to new highs
(DBN)

Is It Time for the Jews to Leave Europe?
(DBN)

____________

PIIGS:

Schaeuble tells Greece: don't blame others for your economic woes
(DBN)

Greece faces no liquidity issues: PM
(DBN)

Greek PM Tsipras says there is no going back to austerity
(DBN)

Why investors should be more wary of a Grexident
(DBN)

Greece's finance minister is showing off his fancy Athens house in a glossy French magazine --- Greece's 'rockstar' finance minister walked away from an interview when asked if he's becoming a liability --- Greece's finance minister was filmed giving the finger to Germany
(DBN)

Greek crisis tests ECB’s credibility
(DBN)

Varoufakis spreads gospel of radical reform to Italy's capitalists
(DBN)

CompaniesBanco de Madrid files for bankruptcy --- Spanish unit of Andorra bank files for bankruptcy protection --- Spain's Banco Madrid enters insolvency proceedings --- Files for bankruptcy after parent is accused of money laundering
(DBN)

Private Equity Cashes In On Ireland's Commercial Property Bounce-back
(DBN)

____________

Canada:

Target Canada announces 16 closures next week as it winds up operations
(DBN)

Air Canada Q4 loss widens
(DBN)

Direct Payment Clauses and the Fraud Upon the Bankruptcy Law Principle: Re Horizon Earthworks Ltd.
(DBN)

____________

Austria:

Austrian province looks at how to avoid insolvency
(DBN)

German rescue fund takes over Duesselhyp bank after Heta problems
(DBN)

____________

China:

Corporate Reorganizations in China: Recent Developments and Challenges
(DBN)

Non-Performing Loans and Asset Management Companies in China: Legal and Regulatory Challenges for Achieving Effective Debt Resolution and Recovery
(DBN)

China's Li: Meeting growth target won't be easy --- The days of double-digit growth in China are over
(DBN)

Chinese property developer Kaisa seeks 'amicable' talks with creditors
(DBN)

In China, a Building Frenzy's Fault Lines
(DBN)

____________

Malaysia:

1MDB bankrupt without federal loan --- Face reality of 1MDB's cash woes, DAP tells BN ministers --- Broaden 1MDB audit, says veteran newsman --- $3 billion liability if 1MDB’s unit fails to pay up
(DBN)

____________

MENA:

Bahraini court slaps travel ban on Al-Arab TV loan defaulters
(DBN)

ISIS is making civilians put up $20,000 in collateral just to leave the 'caliphate' for 2 weeks
(DBN)

____________

Russia:

Russian Billionaire Oligarch Faces Bankruptcy
(DBN)

The Kremlin in stumbling
(DBN)

Russia puts 40,000 troops on full alert
(DBN)

Crazy Things You Didn't Know About Russia
(DBN)

Oil Crash Is Crushing Russia
(DBN)

Bankruptcy of Russian Mining Giant Mechel 'Inevitable'
(DBN)

____________

Australia:

Billionaire's son bankrupt
(DBN)

____________

India:

Indian bride bails on her wedding after the groom bombs a ridiculously easy math test
(DBN)

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Czech Republic:

Frivolous Petitions Cannot Be Completely Eliminated
(DBN)

____________

Brazil:

A Brazilian Billionaire Is Being Punished in the Bond Market
(DBN)

Brazil's Petrobras slides to new 12-month low
(DBN)

More Than a Million Protest Brazil's President
(DBN)

____________

India:

The urgent need for fast bankruptcy
(DBN)

____________

Ukraine:

State-run Ukraine firms' dollar bonds fall as restructuring looms
(DBN)

____________

Bulgaria:

Interim receivers in Bulgaria's CorpBank to have vast powers
(DBN)

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