March 17, 2015

The Daily Bankruptcy News

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Law:

Average partner at Paul Weiss earns $3.85M; tops list of 17 financially outperforming firms
(DBN)

Who says you need a law degree to practice law?
(DBN)

‘Quite a surprise’ in increased number of LSAT test takers --- Small LSAT Spike Doesn't Mean Law School Slump Is Over
(DBN)

Legal Ed Section’s council approves change in reporting of school-funded jobs
(DBN)

Business of Law
(DBN)

Former Sidley partner who faked $69K in cab receipts is suspended
(DBN)

Deloitte sued for $384m in document reviewer class action
(DBN)

How To Pitch Your Legal Services To Startups
(DBN)

Quinn Emanuel’s New Marketing Initiative --- John Quinn: Marketing Is A Lawyer’s Job
(DBN)

Lewis Brisbois raids Kutak Rock to open in Wichita; 8 of 9 lawyers join the Los Angeles firm
(DBN)

Partner Profits Soar at Winston & Strawn
(DBN)

Harvard Prof: Law Firms Must Integrate Partners, Institutionalize Clients
(DBN)

Latham Leader: Be Honest If It’s A Body Blow
(DBN)

Law Firm Infected by Cryptolocker Variant
(DBN)

Morgan Lewis Makes Bold Push Back Into Asia
(DBN)

Why Are Women Not Leading in Law Firms?
(DBN)

From Lateral to Chairwoman in Eight Years at Crowell & Moring
(DBN)

Cultivating Big Law Diversity
(DBN)

London firms in 'do or die' warning over women
(DBN)

Law students combat anti-Semitic incidents at Emory
(DBN)

Science says these 9 tactics will help you win any argument
(DBN)

David Marcus and Michael Aiello discuss growing client relationships --- Jones Day's Bob Profusek discusses changing client relationships
(DBN)

Why Two “Old Lawyers” Didn’t Want to Leave the Law
(DBN)

Brown: Law School Without Borders
(DBN)

What Happened to the Law School Class of 2010?
(DBN)

6 Easy Ways For Firms To Cut Costs
(DBN)

Blackberry Launches More Secure Tablet
(DBN)

5 somewhat secret things you didn’t know your iPhone could do
(DBN)

20 stupid grammar mistakes that even smart people make
(DBN)

29 things that high-achieving people never do
(DBN)

Can Robert Durst’s Comments Become Evidence Against Him? --- The damning evidence HBO uncovered about a real-estate heir accused of murder --- What Robert Durst’s Lawyer Thought About The Jinx’s Shocking Finale
(DBN)

BigLaw partner harassed by negligence lawyer
(DBN)

State AG is investigating prison searches of lawyers wearing underwire bras
(DBN)

Family sues BigLaw firm, says ex-partner funneled $60M from its trusts
(DBN)

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Judges:

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

Study: Supreme Court's Not as Liberal as People Think
(DBN)

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Wall Street:

US stocks to open lower in pull back ahead of housing data
(DBN)

Stocks Rally into the Close Ahead of FOMC Meeting
(DBN)

Bull market is ‘closer to the end’
(DBN)

Robo-advisors are making Wall Street's trillion dollar money managers nervous
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Versa wins auction bid for troubled retailer Wet Seal --- Philly turnaround firm plans to buy bankrupt, shrunken Wet Seal store chain
(DBN)

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Religion:

Aptly-named megachurch pastor seeks donations for $65M jet
(DBN)

Where'd cemetery money go? asks priest who wants $7.8 million accounted for
(DBN)

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Education:

M&A world could teach niche US colleges
(DBN)

Free the Corinthian 15 -- And 41 Million Other Student Debtors
(DBN)

6 Situations That Could Wipe Out Your Student Loan Debt
(DBN)

A Simple Chart That Explains Why College Tuition Is Going Up
(DBN)

Virginia state senator questioning legality of closing Sweet Briar College
(DBN)

NYMA closing for three days due to bankruptcy
(DBN)

The income gap on college graduation is shocking — but not as bad as I thought
(DBN)

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Pensions:

PBGC Finds Holes in Safety Net for Multiemployer Plans
(DBN)

Buying a Troubled Co. With Pension Overhang: Must You Pay More for Certainty?
(DBN)

Pension cuts for some retirees allowed in new spending bill
(DBN)

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Autos:

Lawyers Say Documents Show GM 'Fraud' and Cover-Up
(DBN)

Family of GM Ignition-Switch Victim Settles for More Than $5 Million
(DBN)

Many Buyers for Subprime Auto Loan Bundle
(DBN)

PNC Provides $150MM ABL in Chassix Holdings DIP Financing
(DBN)

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Environmental:

Ex-Freedom owner pleads guilty in chemical spill case
(DBN)

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Celebs:

Ex-NFL player left out in the cold after $2 million award
(DBN)

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Sports:

Is Obama proposal the end of taxpayer-subsidized sports stadiums?

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Shipping:

No Sale of OW Bunker Despite 7 Suitors
(DBN)

OW Bunker Trustees to Fight Banks in Court over $71M Claim
(DBN)

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Economy:

Weak US factory data suggest softer economic growth --- Factory Cutbacks in February Held Back U.S. Growth --- Treasurys rally after weak industrial-production and housing-market data
(DBN)

There are zero reasons for the Fed to raise interest rates --- First rate hike now expected in August: survey --- ‘Hell will break loose’ if the Fed loses its patience --- Stock futures dip as FOMC jitters seep in
(DBN)

Why the Fed meeting could create fireworks
(DBN)

The surging dollar is crushing North American corporations
(DBN)

This could be the soaring dollar’s next victim
(DBN)

The US government 'improperly' spent $125 billion last year
(DBN)

Obama: Think more about the economy, war and peace and less about weed
(DBN)

New York state manufacturing index falls in March - NY Fed
(DBN)

Cars may drag on GDP growth for first time in nearly four years
(DBN)

Job gains continued in January; unemployment rate unchanged
(DBN)

EIA: Electricity prices rose at fastest rate in six years in 2014
(DBN)

Hedge fund manager: It's a 'truly scary time'
(DBN)

These black swans pose biggest threats
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

US NAHB Housing Market Index slips 2 points in March to 53 --- Home builder confidence falls for third straight month
(DBN)

Urban Institute: Freddie Mac won't need another bailout
(DBN)

Man facing foreclosure sets house on fire, fakes bomb to keep firefighters away
(DBN)

Has the luxury home market peaked?
(DBN)

What you can rent for $3,500 a month in San Francisco
(DBN)

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Municipalities:

Detroit City Council pay raise vehemently opposed
(DBN)

Why Jefferson County still pays millions to lawyers for a bankruptcy that ended in 2013
(DBN)

Pension Fight Comes to a Head in Memphis
(DBN)

San Bernardino defends CalPERS payment plan in bankruptcy
(DBN)

Desert Hot Springs, police union lawsuit drains budget
(DBN)

New Jersey, Pennsylvania Drag Down U.S. Average for Pension Funding
(DBN)

Chicago Update: What Inquiring Minds Want to Know? Who is Going to be Mayor?
(DBN)

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Healthcare:

Prime still interested in Daughters of Charity purchase
(DBN)

Under Obamacare, America's uninsured rate has fallen 35 percent
(DBN)

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Oil/Gas:

Tues. A.M.: Brent falls below $54 to reverse earlier gains as glut worries drag --- US oil prices under pressure after hitting six-year low
(DBN)

Mon. P.M.: Oil plunges to a 6-year low. Is $30 a barrel next? --- Crude falls to lowest point since 2009 in early trading --- How Low Can Oil Go? --- The US oil bust just got worse --- Misleading IEA Statement Sends Oil Prices Crashing
(DBN)

Merged Houston energy company to fight default claims
(DBN)

Rig count keeps falling
(DBN)

Oil could tumble 10% this week
(DBN)

Must Oil collapse will hit the Gulf, but don't panic
(DBN)

Crude oil below $45: Who you gonna call? Probably your energy lawyer
(DBN)

A Saudi oil adviser thinks the oil price is going higher
(DBN)

OPEC Warns U.S. Oil Boom Could Be Over by Year-End --- OPEC expects U.S. oil production to fall in late 2015
(DBN)

Late Friday, the US government proposed what looks like a stealth bailout of the oil industry
(DBN)

This signals more oilfield mergers may coming
(DBN)

Why another big drop in oil could pull down the whole S&P 500
(DBN)

Iran nuclear deal could make oil even cheaper
(DBN)

Private Equity and US Shale: Playing The Long Game
(DBN)

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Awards:

Patrick Hughes of Haynes and Boone Inducted to 26th Class of American College of Bankruptcy Fellows
(DBN)

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Fraud:

Court appearance delayed in ZeekRewards case
(DBN)

Stamp Farms trio indicted on fraud charges
(DBN)

Rennert's bill in Hamptons estate case rises to $200M+ --- Ira Rennert slammed with more than $200M in fines
(DBN)

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Photography:

Rolleiflex Camera Factory On The Block
(DBN)

____________

Derivatives:

Negative CDS? Not Impossible, Citi Poll Finds
(DBN)

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Lehman:

Ernst & Young Settles Lehman Suits With New Jersey, California Municipalities
(DBN)

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Coal:

These Coal Tycoons Aim To Be The Last Ones Standing
(DBN)

____________

Television:

Apple is going to launch a TV service this fall that could kneecap cable
(DBN)

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Currency:

World Bitcoin Association files for bankruptcy
(DBN)

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Asset Protection:

Few Business Owners Have Asset Protection Plans, But They Probably Should
(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 (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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:

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

Senate bill would waive student loans in bankruptcy
(DBN)

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Cross-Border:

US Bankruptcy Court Declines to Grant Comity to Mexican Labor Board’s Decision
(DBN)

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Holidays:

Why St Patrick was an Insolvency Litigator :)
(DBN)

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Litigation:

3 Perspectives On Preparing Witnesses
(DBN)

When Considering TAR, It's Never Too Late
(DBN)

How Do You Handle 500 Truckloads of Emails
(DBN)

Stay Clear of Form Preservation Letters
(DBN)

Move Your Discovery Onto a Smarter Path
(DBN)

____________

Investigations:

Altegrity Gets Final OK on Bankruptcy Finance, Lender Pact
(DBN)

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Insurance:

Court Rules No D&O Insurance Coverage for Civil Theft Jury Verdict
(DBN)

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Gambling:

Ruling Limits Options for Atlantic City's Revel Casino
(DBN)

More Complications Face Caesars in CEOC Bankruptcy Proceedings
(DBN)

____________

Politics:

Leading Lobbyist Bankrupt: Owes Over $10 Mil
(DBN)

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Weather:

Greedy Californians are almost out of water
(DBN)

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Sovereigns:

Griesa rejects Citi 'stay' plea for bond payments
(DBN)

Argentina Default No Longer Foreign Affair as Refuge Endangered
(DBN)

Restructuring a Sovereign Bond Pari Passu Work-Around: Can Holdout Creditors Ever Have Equal Treatment?
(DBN)

Argentina: Bonds to repay debt?
(DBN)

Argentina's Debt Situation Is Unsustainable
(DBN)

Katherine the Great vs the activist investors
(DBN)

____________

UK:

Clifford Chance embarrassed by MP comments on bank report
(DBN)

Care homes facing bankruptcy because of council squeeze
(DBN)

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EU:

Investors Turn to Stocks as European-Bond Returns Fall
(DBN)

Europe car sales grow for 18th consecutive month
(DBN)

____________

PIIGS:

Germany and Greece: A couple in need of counseling
(DBN)

Germany wants to kick Greece out of the eurozone
(DBN)

Greek, German tensions rise amid swearing claims
(DBN)

Irish Recovery a Model for Greece, Say Analysts
(DBN)

Spanish Stock Regulator Takes Control Of Banco De Madrid Broker Interdin And Freezes Client Accounts --- Withdrawals rush prompts Andorra bank clampdown --- Andorra moves to contain money-laundering scandal
(DBN)

____________

Canada:

The Sale of Litigious Rights in an Insolvency Context – A Civil Law Approach
(DBN)

Target says it considered Canadian windup in September, didn't decide for months
(DBN)

If health care is free in Canada, why can't this woman afford surgery?
(DBN)

____________

Austria:

Auditor EY defends Hypo Alpe Adria role
(DBN)

____________

Germany:

German Investor Confidence Increases Less Than Forecast
(DBN)

____________

Africa:

Zimbabwe national airline seeks $260 mln capital injection
(DBN)

Air Zimbabwe is bankrupt --- Air Zimbabwe Broke, Requires US$600 Million Bailout
(DBN)

____________

Brazil:

Brazilian protesters are calling for something downright scary
(DBN)

Oleo e Gas suspends payment to OSX for Brazil oil-production ship
(DBN)

The Petrobras soap opera
(DBN)

____________

Ukraine:

Russia not ready to restructure Ukraine's debt - FinMin
(DBN)

____________

Andorra:

Andorra, another little country with big banking troubles
(DBN)

____________

Cyprus:

As Cyprus recovers from banking crisis, deep scars remain
(DBN)

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