March 19, 2015

The Daily Bankruptcy News

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Law:

New York firms mull possible 300-attorney merger; they’re ‘dating’ but ‘not engaged,’ leader says Layoff Watch: Biglaw Firm Lays Off 30+
(DBN)

Layoffs hit Goodwin Procter amid decline in litigation Goodwin Procter Slashes 2 Percent of Workforce
(DBN)

Study: Not only law school prestige but proximity points graduates to BigLaw partnership
(DBN)

Biglaw Mommy: Privacy Please
(DBN)

Top Silicon Valley investor Keith Rabois: Software will replace doctors and lawyers
(DBN)

Sedgwick Loses 12% Of Partners As Firm Turns To Core Areas
(DBN)

MoFo Hits Slump in Revenue, Profits
(DBN)

Interactive Chart: How Top New York Firms Fared in 2014 | The American Lawyer
(DBN)

Private Equity And Litigation Finance
(DBN)

Big Law’s Response to Online Attacks
(DBN)

Retired Partners Have Stories to Tell
(DBN)

General counsel, 3 others federally convicted in conspiracy to fleece Las Vegas HOAs
(DBN)

Lawyer and wife win $26M jury verdict Tuesday; defendant cab company immediately files bankruptcy
(DBN)

Law School Fire Sale: Pace Offers to Match In-State Public Tuition Private Law Program to Match State School Rates
(DBN)

Why Lawyers Need To Proofread Their Ad Copy
(DBN)

Plaintiffs’ Lawyers Are Gross
(DBN)

The Arrogant Lawyer’s Guide To A Successful Practice
(DBN)

Document Review Attorney Takes On Deloitte
(DBN)

LawProse: “Lie low” or “lay low”?
(DBN)

A former FBI agent reveals 3 techniques for detecting deception
(DBN)

TX: Bankruptcy Lawyer Disbarred After Repeated Sanctions
(DBN)

Philadelphia law firm facing class action over representation of tax attorney
(DBN)

Driverless cars could cut police forces in half
(DBN)

An epic and extremely rare cheating trial is coming to an end, and it could send teachers to prison for 20 years
(DBN)

Here's what Jon Stewart said about Robert Durst after his shocking murder trial verdict in 2003
(DBN)

Jailed: Law student who advertised for jihadi husband
(DBN)

Bag of marijuana falls from lawyer’s pocket in court; paralegal provides explanation
(DBN)

Sheriff Joe Admits to Contempt of Court
(DBN)

Lawyer who 'dressed as TSA worker for cavity search s-- tapes' accused of choking girlfriend
(DBN)

Say What?
(DBN)

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Judges:

Pet zebra mauls judge
(DBN)

Judge p--- scandal: Criminals could seek to overturn convictions
(DBN)

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Wall Street:

U.S. Index Futures Decline After Stocks ' Rally on Fed Optimism
(DBN)

Stocks Jump After Fed Ditches ‘Patient’ Dovish Fed whipsaws markets
(DBN)

The True Shame Is That Wall Street Bonuses Aren't Much Bigger
(DBN)

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Layoffs:

Report: Sharp plans to cut 6,000 jobs and spend $1.7 billion to restructure
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Telecoms:

LightSquared plans to repay Dish Network chairman in full New LightSquared Plan Would Pay Off Dish's Ergen in Cash Ergen Cash-Out Paves Way For LightSquared Ch. 11 Exit New LightSquared Restructuring Plans Offer Exit From 3-Year Bankruptcy Battle
(DBN)

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Soccer:

Parma chaos escalates as Chairman Manenti arrested
(DBN)

Parma bankruptcy postponed?
(DBN)

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Construction:

Seventh Circuit Court of Appeals: no coverage under title insurance for mechanics' liens arising after construction lender stops funding
(DBN)

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Retailing:

As Sears stumbles, suppliers grow uneasy: Report Sears Tries to Calm Supplier Jitters - Retailer accelerates payments; weak results make it harder to insure orders
(DBN)

Big Lender Brawl Breaks Out in RadioShack Bankruptcy: Salus Capital seeks to put a lid on credit bidding at a bankruptcy auction
(DBN)

Vista Ridge Mall owner looks to walk away and list it for foreclosure
(DBN)

Pressure To Raise Minimum Wage to $9 Being Led By Large Retailers
(DBN)

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Publishing:

Family Christian Stores drops bankruptcy plan
(DBN)

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Celebs:

'Real Housewives' star Joe Giudice gets temporary reprieve in driver's license fraud case
(DBN)

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Non-Profits:

FEGS Files for Bankruptcy Over Fiscal Collapse Bankruptcy filings detail FEGS descent Federation Employment and Guidance Services finally files Chapter 11
(DBN)

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Corporate Reform:

Elizabeth Warren Strikes Back Against New GOP Efforts to Weaken Dodd-Frank
(DBN)

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Currency:

U.K. To Regulate Bitcoin Exchanges
(DBN)

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Healthcare:

Memphis: Hospital's resurrection may be near
(DBN)

Attorney General Kamala Harris Blasts Prime Healthcare’s Deal Pullout
(DBN)

CA: North County health care continues to teeter
(DBN)

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Gambling:

Delaware Court Refuses to Squash Asset Transfer Suit Against Caesars
(DBN)

The Restructuring of Trump Taj Mahal Set to Begin
(DBN)

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Electricity:

Longview Power cleared to exit Chapter 11 with financing deal
(DBN)

Where Will Longview Power Rank Among The Top 10 Largest Ch. 11 Debtor Exits?
(DBN)

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Shipping:

Sobelmar Antwerp And Vessel Subsidiaries Commence Chapter 11 Reorganization Cases
(DBN)

Chapter 11 filing to protect assets amid court fight over loan
(DBN)

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Alternative Energy:

USA Synthetic Fuel Corporation Files Bankruptcy; Will Pursue A Sale
(DBN)

Six-Cent Bonds Signal Wind Farm Creditors Are Bracing for Worst
(DBN)

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Economy:

Fed Drops ‘Patient’ Pledge Fed Cuts 'Patient,' but Downgrades Economic Outlook Fed opens door for rate hike even as it downgrades economic outlook Fed Drops Patient Stance, Opening Door to June Rate Increase Yellen: This decision 'doesn't mean we're going to be impatient' Fed takes one step toward rate hike but scales back intended pace Must Here's what changed in the new Fed statement Fed Officials Trim Back Estimates Of Interest Rate Rises Amid Big Forecast Changes Full Text
(DBN)

10-year yields slump below 2% in wake Fed decision
(DBN)

National Credit Default Rates Show Mixed Results in February
(DBN)

Consumer Spending May Fall Next Year
(DBN)

Why the American Dream is Unraveling
(DBN)

What Happened to Middle Class Families?
(DBN)

Yellen Says Strong Dollar Holding Down Exports and Inflation, But Reflects U.S. Economy’s Strength
(DBN)

U.S. Stocks, Bonds Gain on Fed Caution
(DBN)w

Bond Traders to Yellen: You're Wrong on Oil's Impact on Economy
(DBN)

Everything Americans are worried about, in one chart
(DBN)

Dalio: This looks like 1937
(DBN)

Banks likely to face avalanche of bad corporate loans this year
(DBN)

Investors Raise Alarm Over Liquidity Shortage
(DBN)

Robert Reich: In our horrifying future, very few people will have work or make money
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Lost Mortgage Notes: Those Pesky State UCC Variations
(DBN)

Borrowing After Bankruptcy
(DBN)

US Foreclosure Activity Down 4 Percent in February to Lowest Level Since July 2006
(DBN)

Risky housing policies and the slowly inflating bubble
(DBN)

Is more trouble brewing between Ocwen and HLSS?
(DBN)

'Bankruptcy baron' to auction off 13 properties
(DBN)

Did housing starts nose dive because of a labor shortage?
(DBN)

A Craigslist for mortgage bond traders?
(DBN)

Housing Waits–and Waits–on Millennials
(DBN)

Chicago Spire bankruptcy quietly ends. Now what?
(DBN)

Report: Texas housing more resilient to oil prices
(DBN)

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Municipalities:

Historic Detroit bankruptcy doodle to be donated to DIA
(DBN)

Detroit pay-raise gambit defines 'bad optics' Would city council pay raise impact the Plan of Adjustment?
(DBN)

Detroit financial review commission hires bankruptcy expert Martha Kopacz as adviser
(DBN)

Puerto Rico Faces Fiscal Distress in Cities
(DBN)

Auditor: San Bernardino unlikely to meet deadline
(DBN)

A New Fulcrum Point for City Survival
(DBN)

America's Most Unequal Cities Income inequality increasing in major US cities
(DBN)

How to Stop the Stadium Wars Sports Stadiums Are a Bad Public Investment
(DBN)

Investors seek government seizure of Wallace Bajjali real estate
(DBN)

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Oil/Gas:

Thurs. A.M.: Oil futures give up gains as oversupply fears resurface
(DBN)

Weds. P.M.: Brent oil slips as data shows record U.S. inventories Crude Oil Prices Drop Again, but They're Unlikely to Hit $20 U.S. Oil Prices Turn Positive After Fed Statement - EIA's inventory report shows crude supplies in Cushing, Okla., at another record high Oil rallies on Fed news despite higher supplies
(DBN)

Saudi crude exports in January reached highest in 11 months
(DBN)

Drilling data shows U.S. oil production is slowing
(DBN)

Report: Oil firms’ rising debts add downward price pressure
(DBN)

Another Oil Company Files For Bankruptcy, More Companies To Follow
(DBN)

Quicksilver bankruptcy: Who are the company's debt holders?
(DBN)

Why Willbros Group Inc Stock Blasted Down 57% Willbros Group may come under financial pressure in oil slump
(DBN)

Quicksilver files for bankruptcy protection, plans to continue operations

America is brimming with oil
(DBN)

ConocoPhillips to lay off 200 Canadian workers
(DBN)

Dallas Fed: Texas job growth to slow, Houston to see the biggest impact
(DBN)

5 charts explaining the US shale boom
(DBN)

The Downside of Cheap Gasoline
(DBN)

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Autos:

GM says will shut Russian plant, wind down Opel brand
(DBN)

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Tax:

Life after loopholes leaves Luxembourg scrambling to preserve tax-haven status
(DBN)

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Flooring:

Does It Even Matter If Lumber Liquidators Is Telling the Truth?
(DBN)

____________

Politics:

This is the best news Hillary Clinton has had in weeks
(DBN)

Democratic support for Hillary is waning
(DBN)

16 Iowa Democratic leaders sign Elizabeth Warren presidential run letter New Hampshire pols plead for Warren to run
(DBN)

Trump card: ‘The Donald’ eyes a White House bid Donald Trump: Only I Can Make America Great Again
(DBN)

Bush served on board of Florida timber firm facing lawsuits
(DBN)

Fact Check: "Jeb Bush has released 10 percent of his emails."
(DBN)

The GOP's Fiscal Phonies
(DBN)

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Personal Finance:

The myth of the senior discount
(DBN)

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Fraud:

Picard Taps SCOTUS Pro for Swipe at Madoff 'Net Winners'
(DBN)

Back in the saddle again: Madoff feeder fund plaintiffs closer to recovery from fund service providers Citco and PricewaterhouseCoopers
(DBN)

Church swindler Ephren Taylor sentenced to long prison time
(DBN)

Think the Petters bankruptcy has lasted forever? So does a judge
(DBN)

____________

Taxis:

Yellow Cab Chicago hit with $26M verdict, files for bankruptcy Yellow Cab files bankruptcy after $26 million verdict
(DBN)

____________

Defaults:

Moody's: Global spec-grade corporate default rate rises slightly in February
(DBN)

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Beauty:

For Some Face-Lift Chains, Future Doesn't Look Pretty
(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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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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Miscellaneous:

March Madness: Weil’s Elite Eight --- The Survey
(DBN)

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Tax:

Discharging Tax Debts in Bankruptcy
(DBN)

____________

Avoidance Actions:

Eighth Circuit Says Focus is on the Intent of the Debtor in Fraudulent Transfer Law, Does Not Adopt Ponzi Scheme Presumption
(DBN)

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Safe Harbors:

Swap Agreement Safe Harbors at Risk in Latest Lehman Dispute
(DBN)

____________

IP:

Trump Card: Delaware Bankruptcy Court Deals Trademark Owner The Winning Hand Over A Debtor Licensee
(DBN)

____________

Religion:

The Seventh Circuit Injects Common Sense into Religious Liberty Debates with Official Committee of Unsecured Creditors v. Listecki
(DBN)

US Presbyterian Church OKs Gay Marriage
(DBN)

Priest arrested for repeated exorcisms on anorexic girl
(DBN)

____________

Student Debt:

U.S. student borrowers need relief in bankruptcy
(DBN)

A now-defunct college at the center of a student loan boycott marketed itself to people who liked daytime TV
(DBN)

____________

Education:

WIS Student Records End Up with Bankruptcy Attorney
(DBN)

____________

Food/Beverage:

Kareem: Starbucks race conversations 'could quickly escalate to violence'
(DBN)

____________

Video Games:

The Angry Birds brand is in big trouble
(DBN)

____________

Tech:

GT Advanced to Pursue $95 Million Bankruptcy Loan: Manufacturer filed for bankruptcy protection last year after Apple spurned the sapphire screen material it had produced
(DBN)

____________

Aviation:

Airbus Said to Seek $700m From Skymark for Canceled Orders
(DBN)

U.S. Airlines Seek Ban on Gulf Carrier Trips From Outside Region
(DBN)

____________

Pharma:

MannKind's Financial Health Complicated by Looming $100M Debt Payment
(DBN)

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Sovereigns:

Argentina wants to hold Citigroup hostage Citigroup Stock Lower as Argentina Won’t Allow Custody Business Exit
(DBN)

Argentina opposes "me-too" claims for $5.4 bln in US Courts
(DBN)

Judge OKs Hunt for Argentine Millions
(DBN)

Kicillof: Citibank has incriminated itself
(DBN)

____________

EU:

Frankfurt Flares as Anti-Austerity Protesters Rage Against ECB --- Riots at the European Central Bank
(DBN)

Draghi says 'European unity is being strained'
(DBN)

The euro is plunging again after yesterday's colossal surge
(DBN)

____________

PIIGS:

Greek PM demands EU stop 'unilateral actions' as tensions flare
(DBN)

Greece Passes Anti-Poverty Bill Despite EU Concerns
(DBN)

EU's Schulz warns before summit Greek finances are 'dangerous'
(DBN)

EU aims to solve its Greek 'elephant'
(DBN)

Merkel downplays hopes for Greek deal
(DBN)

EU to tell Greece time, patience running out
(DBN)

Biggest euro threat? The guys running Greece?
(DBN)

"Varoufakis problem" weighs on Greek debt talks
(DBN)

Did a German comedian fake Greek finance minister Yanis Varoufakis giving Germany the finger?
(DBN)

Spain's bank fund says will not bail out BPA's Banco Madrid
(DBN)

____________

Russia:

GM Says It Won't Throw Good Money After Bad in Russia
(DBN)

Mechel Rebounds as Debt Talk Quells Bankruptcy Concern
(DBN)

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Sweden:

Sweden's central bank cuts rates deeper into negative territory
(DBN)

____________

Andorra:

Fitch Downgrades Banca Privada d'Andorra to 'RD'; off RWN
(DBN)

____________

Brazil:

Swiss prosecutor finds 300 bank accounts linked to Petrobas scandal Switzerland Freezes $400 Million Amid Petrobras Laundering Probe
(DBN)

Brazil operator suspends payments for FPSO
(DBN)

Brazil watchdog says tycoon Batista failed to inform market
(DBN)

Petrobras Bankruptcy Seen Unlikely Despite Tumult in Brazil
(DBN)

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Malaysia:

Don claims veil of secrecy surrounding 1MDB’s affairs not unusual
(DBN)

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Bulgaria:

Bulgaria changes law to reverse Corpbank asset drain
(DBN)

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MENA:

Netanyahu Scores Dramatic Election Victory
(DBN)

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China:

Record Fall in China Real Estate Market
(DBN)

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Australia:

Mutiny on the Bounty Descendants Will Lose Control Over Bankrupt Island
(DBN)

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