March 24, 2015

The Daily Bankruptcy News

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Law:

Pillsbury Bolsters West Coast Insolvency & Restructuring Practice
(DBN)

Is MegaLaw Just Big Enough To Fail?
(DBN)

Salary Wars Help Boost In-House Counsel Pay
(DBN)

Chicago's Jenner & Block becomes latest US firm to announce London launch
(DBN)

Mintz Levin Holds Flat Amid Partner Moves
(DBN)

Pepper Hamilton Grows Revenue 3 Percent, PPP 8 Percent
(DBN)

CLO: Lawyers Matter, Law Firms Don’t
(DBN)

Want a Job at Apple? Go to MoFo
(DBN)

Israel spied on US nuke talks with Iran and then used inside info to lobby US Congress James Baker Blasts Netanyahu
(DBN)

Judge rules Gibson Dunn partner 'deliberately misled court' with falsified evidence
(DBN)

‘It’s Not My Fault! The Client Won’t Act!’
(DBN)

Here's what's coming in Apple's next iPhone update
(DBN)

Apple might cut Apple Watch shipments in half because it's having trouble producing the watch's screen
(DBN)

The Apple Watch will not be able to browse the web
(DBN)

5 reasons you wake up tired even with a full night's rest
(DBN)

Ellen Pao can sue Kleiner Perkins for up to $160 million in damages The Curious Case Of Ellen Pao And The Lesson We Can Learn From It Morgan Lewis Partner Questions Ellen Pao’s Claims
(DBN)

Jury convicts grandma in child’s running death; will consider death penalty
(DBN)

Seven Jewish Children Burned Alive In New York Due To Leaving Hot Plate On To Adhere To Ultra-Orthodox Sabbath Rules
(DBN)

Business Owner Millions in Debt Arrested Two Years After Faking Death
(DBN)

Prosecutor apologizes in heartfelt letter for helping send an innocent man to death row
(DBN)

Dad Shoots Teen Son in Butt Over Empty Orange Juice Carton: Police
(DBN)

6 weird laws unique to the US military
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy Judge Benchslaps A Biglaw Firm — Hard Bankruptcy judge sees ‘self-congratulatory blather’ in BigLaw brief; paralegals blamed for error Duane Morris Is Filled With Oligarchs!
(DBN)

TX District Judge Arrested, Jailed for DWI
(DBN)

Judicial Discipline for TX Intermediate Appellate Justice's DWI Arrest
(DBN)

Justices Scold but Decline to Punish Attorney Who Faced Rare Sanction
(DBN)

The satirist P.J. O'Rourke submitted an amazing brief in a big SCOTUS free-speech case
(DBN)

Judges Fired for Watching P--- on Court Computers
(DBN)

Alabama Chief Justice Roy Moore headlining anti-gay marriage rally in Texas
(DBN)

NV: Drop in traffic tickets has Supreme Court near broke, chief justice says
(DBN)

Justice Kennedy’s testimony about Congressional gridlock
(DBN)

Utah's governor just legalized firing squads for death row inmates
(DBN)

Could Texas have Nazi license plates? Supreme Court hears free speech case Do devotees of the Confederacy have a First Amendment right to put the rebel battle flag on their license plates?
(DBN)

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Wall Street:

Stock futures wary ahead of price data
(DBN)

US stock market starts week with small losses
(DBN)

Money pours into stocks—does that signal a top?
(DBN)

The 11 jobs on Wall Street no one wants
(DBN)

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Layoffs:

Steve Wozniak: 'Computers are going to take over from humans'
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Hedge Funds:

The New York Times wrote a brutal takedown of Chelsea Clinton's husband's hedge fund
(DBN)

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Food/Beverage:

Adios, 100 Montaditos. Chain shuts CityPlace eatery
(DBN)

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Politics:

Here's what you should know about 2016 presidential hopeful Ted Cruz A beginner's guide to Ted Cruz 2016 Ted Cruz: Patriot or Nutjob? FactCheck: Ted Cruz's Economic Talking Points Students at Ted Cruz's presidential campaign announcement trashed Cruz on social media FactCheck: Ted Cruz's Lies Rand Paul supporters crashed Ted Cruz's presidential campaign announcement Cruz upends early GOP race, fight for right intensifies Why Cruz Wants to be President Ted Cruz: His Student Loans and Others Cruz's Strategy: Kill the Mushy Middle Legal Experts Say Canadian-Born Cruz Is Eligible to Serve as President Donald Trump is a Ted Cruz birther
(DBN)

The Boston Globe Really, Really Wants Elizabeth Warren to Run for President Senator Warren to Speak at BCC Commencement
(DBN)

Clinton: US needs solutions to income inequality
(DBN)

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Coal:

Coal producers urged to cut production as soon as possible
(DBN)

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Mining:

Molycorp woes cast shadow over US mining efforts
(DBN)

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Environmental:

Bankruptcy solution doesn’t come close to cleaning up Exide’s mess in Frisco
(DBN)

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Fraud:

Recovery Agreement Reached with Defender Feeder Fund BLMIS Customer Fund to Benefit by $93 Million
(DBN)

Bernie Madoff victims' fund tops $10.6bn after feeder firm settles
(DBN)

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Student Debt:

5 biggest student loan mistakes
(DBN)

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Celebs:

Millionaire American Idol Phillip Phillips' parents file bankruptcy
(DBN)

How These 4 Celebrities Survived Bankruptcy and Thrived
(DBN)

George Zimmerman Speaks Out, Blames His Troubles on President Barack Obama
(DBN)

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Turnarounds:

Return of the Turnaround?
(DBN)

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Economy:

Fed expected to hike this year, but future path uncertain -Fischer Raise rates or face 'devastating' bubbles, says Fed official Fed's Bullard says watch out for market 'tantrum' Fed's Bullard says zero rates no longer appropriate for US Fed's Williams: In a few months 'it will be the time to have a serious discussion' about raising interest rates
(DBN)

Inflation seen rising for first time in months
(DBN)

JP Morgan: Are investors right to be concerned about the end of easy money? Yes.
(DBN)

FactCheck: Higher Taxes to Balance Budget
(DBN)

The Failure of 401Ks for Many Americans Is the 401(k) experiment a failure?
(DBN)

The world's next credit crunch could make 2008 look like a hiccup
(DBN)

GM, Ford to Ask UAW for Even Lower Paid Tier Impact of Two Tier Wages on Autoworkers
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Existing-Home Sales Up 1.2% In February On Tight Supply As Prices Rise Housing is "all about inventory" Existing home sales up in February, but trail last year
(DBN)

Can the landlord apply the tenant’s security deposit to the landlord’s claims?
(DBN)

Is There a Bearish Case on Spring’s New-Home Sales?
(DBN)

Ocwen Defends Itself Against Bondholders, Says Conflicts 'Resolved' After NY Settlement Ocwen fires back at “disingenuous” charges of negligence
(DBN)

Yale Law Clinic Seeks Relief for Homeowners Burdened with Underwater Second Mortgages
(DBN)

Nomura Executive’s "Danger Batman" Warning Emerges in Court
(DBN)

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Municipalities:

Municipal Debt Investors May Be on Uneven Footing in Chapter 9
(DBN)

Detroit: Bankruptcy Consultant, State Review Panel Seek “Harmonizing” In City Budget
(DBN)

Detroit launching zero-interest program to help repair homes
(DBN)

Detroit Compensation Commission to discuss pay raises for city council members Pay raises for Detroit officials draw fire at meeting Residents, retirees speak out against officials' raises
(DBN)

Atlantic City's emergency manager report will be made public today Atlantic City future could include more layoffs
(DBN)

New Bill Could Allow Illinois Municipalities To File For Bankruptcy
(DBN)

Puerto Rico restructuring talk hurting demand for bond deal
(DBN)

Franklin Templeton files opening brief in appeal of Stockton bankruptcy exit plan
(DBN)

Auditor General: Scranton, Wilkes-Barre, Hazleton among Pennsylvania cities with most underfunded municipal pensions Pensions drag down York's finances
(DBN)

Vernon faces tough times
(DBN)

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Oil/Gas:

Energy Restructuring And Reorganization
(DBN)

Mon: P.M.: Oil rises as weakening dollar outweighs OPEC oversupply Oil gets a lift from dollar as traders mull Saudi's tough talk Oil rises more than 1 pct, boosted by weaker dollar
(DBN)

Energy bankruptcy : Who's next?
(DBN)

Oil’s perfect storm
(DBN)

Here's what Wall Street is losing from the oil crash: fees
(DBN)

Saudis claw back global market share with oil output push
(DBN)

Keeping oil below $100 will shut shale out of market: Saudi official
(DBN)

U.S. drillers scrambling to thwart OPEC threat
(DBN)

A major shale producer was reported to be exploring a sale — but instead it just issued a ton of stock and debt
(DBN)

Saudi Arabia Hiring Away US Oil Workers Amid Mass Layoffs
(DBN)

Texas landmen left out of work as oil patch boom times go bust
(DBN)

The US oil bust is getting uglier
(DBN)

Chesapeake Energy Corp. cuts its 2015 drilling budget Carl Icahn boosts stake in Chesapeake Energy
(DBN)

Goldman thinks US oil production will grow through 2016
(DBN)

Private company buys assets of failed GasFrac Energy
(DBN)

Oil ETF investors, not just OPEC, hold the cards in the crude market
(DBN)

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Personal Finance:

13 personal finance experts share their favorite money-saving tricks
(DBN)

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Non-Profits:

Nonprofit Bankruptcy Renews Questions About HRA Program
(DBN)

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Ecommerce:

Karmaloop is Reportedly on the Brink of Bankruptcy Kanye West among those looking to buy embattled e-commerce firm Karmaloop Karmaloop Inc. Announces Investment as Part of Formal Restructuring Process
(DBN)

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Retailing:

RadioShack's future rides on bankruptcy auction RadioShack's future? No announcement yet on retailer's bankruptcy
(DBN)

Standard General bids to save RadioShack from oblivion
(DBN)

Another top executive leaves J.C. Penney
(DBN)

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Healthcare:

Daughters of Charity Health System attracts more potential buyers Daughters of Charity hospitals attract other possible suitors Daughters: Harris' conditions were anything but charitable
(DBN)

If restaurants billed like hospitals, you’d probably stop going out to eat Why hospital bills are outrageous and impossible to understand
(DBN)

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Consultants:

Deloitte CRG Names Skillman as Director in LA Office
(DBN)

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Education:

Superintendent of NYMA steps down
(DBN)

Grads call for Sweet Briar leaders to resign, citing fiduciary duties and claimed charity-law issue
(DBN)

____________

Coal:

US coal crash 'serves as a warning' to fossil fuel investors
(DBN)

No Country For King Coal – The Changing U.S. Energy Mix
(DBN)

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Flooring:

Whitney Tilson At It Again, Calls Lumber Liquidators 'Evil'
(DBN)

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Insurance:

Luxury cars seized from Life Partners Holdings CEO
(DBN)

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Aviation:

Plane with 142 passengers crashes in France Lufthansa and Airbus shares plunge after report of plane crash
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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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Avoidance Actions:

I’ve Just Learned My Customer Is A Crook – Do I Have To Return The Money He’s Paid Me?
(DBN)

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Cross-Border:

Bankruptcy Courts in the Second Circuit Must Review a Sale of a US Property under 11 U.S.C. § 363
(DBN)

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Lien Stripping:

Yale Law School Files Amicus Brief in 'Stripping Off' Mortgage Case Headed to U.S. Supreme Court
(DBN)

Argument preview: Underwater mortgages and the Bankruptcy Code
(DBN)

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Discharge:

Seventh Circuit Says Finding of Intent Must Be Explicit for Preclusive Effect in Non-Dischargeability Action
(DBN)

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IP:

Trademark Owner Consent Required for Debtor Licensee Assumption of Contract
(DBN)

Trump -ing the Automatic Stay: Delaware Bankruptcy Court Allows Suit to Terminate Trademark Licensing Agreement
(DBN)

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Trustees:

PA Justices Agree to Consider Amendment of Case Caption To Substitute Bankruptcy trustee
(DBN)

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Unexpired Leases:

Third Circuit refuses to permit Debtor Lessor to Reject an Oil and Gas Lease
(DBN)

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Good Faith:

Bankruptcy Advisory: Seven Factors and Good Faith: The Eleventh Circuit Clarifies Bankruptcy Courts’ Authority
(DBN)

____________

TBTF:

U.S. Regulators Find 'Shortcomings' in Living Wills of 3 Foreign Banks - U.S. units of HSBC, RBS, BNP Paribas hit with criticism of bankruptcy plans
(DBN)

____________

Gambling:

Former Weil Litigator Nominated as Caesars Bankruptcy Examiner Former Weil partner Davis tapped as Caesars examiner
(DBN)

Creditors: 'Sophisticated' potential Revel buyers toured site this weekend
(DBN)

____________

Sovereigns:

Countries try to ward off ‘vultures’
(DBN)

NML claims it reached agreement with Citibank
(DBN)

Holdouts of Argentine-law bonds 'reach agreement' with Griesa and Citibank
(DBN)

Elliott emits ray of pragmatism in Argentina feud
(DBN)

An Argentine bond reprieve — or is it?
(DBN)

Russia hasn't responded yet to debt talks invite - Ukraine fin min
(DBN)

____________

UK:

City Link Backer Warns Over Company Rescues MPs criticize insolvency rules following City Link collapse
(DBN)

Government to improve insolvent redundancy consultations
(DBN)

Tesco potentially faces a huge lawsuit over 'permanent destruction of value to shareholders'
(DBN)

UK household debt hits an all time high as Brits 'fall back in love' with borrowing
(DBN)

____________

EU:

No Room for Complacency on Euro's Path
(DBN)

Draghi: We're not budging on QE
(DBN)

Rail: Spain – France HS concessionaire fights to avoid bankruptcy
(DBN)

Good news for euro zone as business growth soars
(DBN)

Flood of cash streaming out of the eurozone
(DBN)

____________

PIIGS:

Kissing Couples Urge End to Germany's War of Words With Greece
(DBN)

Greece wants 100 mln euros in damages from German defense firms
(DBN)

ECB's Draghi: We're not blackmailing Greece Alexis Tsipras warns Angela Merkel of Greek 'cashflow issue' ahead of talks
(DBN)

Keeping Greece in the euro: Mission impossible?
(DBN)

Chancellor Merkel and PM Tsipras Seek Reconciliation, Even If Animosities Continue Tsipras, Merkel urge end to ugly eurozone 'stereotypes' Greece and Germany—all talk and no action? Tsipras meeting German opposition as Athens promises reform list by Monday In skeptical Berlin, Merkel hears Greek PM's reform plans in person Tsipras raises Nazi war reparations claim at Berlin press conference Running Out of Time and Money, Greece and Germany Seek Common Ground Greek Banks Not in `Panic,' Despite Crisis, Humes Says Soros: Greece is 'now a lose-lose game' A Greek deal with the euro zone is likely to come this week
(DBN)

Greek financial drama weighs on European stocks
(DBN)

Hard for Greece to avoid reforms, say EU officials
(DBN)

Italy's Bonds Drop Before Greek Talks as Draghi Sees Inflation
(DBN)

Portugal investors feel cost of BES collapse
(DBN)

____________

Canada:

Auditor general set to deliver report on Atcon fiasco
(DBN)

____________

Cyprus:

Opposition prepares slew of changes to insolvency bills
(DBN)

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Africa:

Aurora liquidators defend their decisions
(DBN)

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Ukraine:

Russia is holding a $3 billion sword over Ukraine's neck
(DBN)

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MENA:

Secured creditors of Espirito Santo Dubai unit to get 82.7 pct payout
(DBN)

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Brazil:

Credit Suisse-Backed Firm to Raise Brazil Distressed-Asset Fund
(DBN)

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China:

China's factory activity crumbles in March
(DBN)

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