March 3, 2015

The Daily Bankruptcy News

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Law:

Venue Rule Change Needed? - Jay Goffman: Current Venue Laws Are Appropriate --- Marshall Huebner: Laws Permit Cost-Effective and Convenient Forum Selection --- Mark J. Roe: Venue Choice Has Pros and Cons but Shouldn’t Be Reformed --- Anders Maxwell: Current Rules Aren’t Clearly Problematic
(DBN)

Jackson Walker names bankruptcy lawyer as new leadership at San Antonio office
(DBN)

Burr & Forman Adds Bankruptcy Partner
(DBN)

Out-Of-Court Restructuring League Tables
(DBN)

DLA Piper Goes North to Find Latest Merger Partner
(DBN)

BigLaw’s Young: You’ll Miss Them When They’re Gone
(DBN)

Brooklyn Federal Prosecutor Sarah Coyne Moves to Debevoise
(DBN)

How To Succeed In The Law — Using This One Weird Trick!
(DBN)

This law school charges more than $60K; tuition is up 13% in 3 years at top BigLaw feeder schools --- Which Law School Has The Highest Tuition In The Country?
(DBN)

Bad News For The Class Of 2008
(DBN)

Former partner with Asperger’s alleges bonus bias, solicitation by colleague
(DBN)

Preet Bharara is an entertaining speaker, but he goes too far
(DBN)

Lawyers vs. Accountants Round 2
(DBN)

Lawyer is publicly censured for not disclosing teen shoplifting conviction on bar application
(DBN)

Man wears perfect shirt for 9th DWI arrest
(DBN)

Sentences reduced for Amish jailed in beard-cutting attacks
(DBN)

Free-range parents found responsible for ‘unsubstantiated’ child neglect plan to appeal
(DBN)

Teen’s texts encouraging friend’s suicide are cited in decision to charge her in his death
(DBN)

Juror accused of lying about her past is indicted, excused from trial
(DBN)

From Acting Solicitor General To Acting On ‘House Of Cards’
(DBN)

Students Find Teacher Hanging In High School Classroom
(DBN)

Another Satisfied Walmart Patron Gets Arrested
(DBN)

"Not Weed"
(DBN)

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Judges:

CD CA BK Newsletter
(DBN)

Debevoise partner Wiles joins Manhattan's bankruptcy bench
(DBN)

'Judge Judy' Renewed -- Through 2020!
(DBN)

Allegation of sexual misconduct by federal judge in 1998 will be investigated by committee
(DBN)

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Wall Street:

Stock futures retreat after Nasdaq breaks above 5,000
(DBN)

Wall St. rallies; Nasdaq hits highest level since 2000
(DBN)

Buffett: These investments are a 'fool's game'
(DBN)

A fund that hasn't bought any new stocks in 80 years is beating 98% of its competitors
(DBN)

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Layoffs:

A WARN Act Roundup: Jury Trial Rights, the Unforeseen Business Circumstances Defense, and the Single Employer Rule
(DBN)

A Problem for a Fed Theory on Wages
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Celebs:

10 richest newcomers on Forbes' billionaire list --- The 20 richest people on the planet --- Michael Jordan still makes $100 million a year off his sneaker deal
(DBN)

The 40 richest hedge fund managers
(DBN)

The secretive Cargill family has 14 billionaires — more than any other clan on earth
(DBN)

Here's how rich you'd be if you had bet $1000 on Warren Buffett way back when --- 17 mind-blowing facts about Warren Buffett and his wealth
(DBN)

Curt Schilling fires back after offensive Twitter posts
(DBN)

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Credit Cards:

Costco ditches AmEx; joins with Citi, Visa for new credit card
(DBN)

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Banking:

Citigroup CEO Michael Corbat awaits stress - test verdict
(DBN)

Will Bank Of America Corp. Pass The Fed's Stress Test ?
(DBN)

Foreign Banks Brace for Fed Stress Tests
(DBN)

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Personal Finance:

Kids' allowances: You're doing it completely wrong
(DBN)

Barack Obama's go-to career advice is perfect for anybody who has felt stuck
(DBN)

This couple's budget shows how retirees can live on $31,000 a year
(DBN)

Amazon's new one-hour delivery service is so convenient that it might bankrupt me
(DBN)

How do you ask a freeloading carpooler to pay up?
(DBN)

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Aviation:

Malaysia Airlines to cut capacity lay off staff, amid restructure
(DBN)

How to beat jet lag, from a CEO with an insane travel schedule
(DBN)

Federal Judge: "The airline that begins with “A” and should end with a------"
(DBN)

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Electricity:

Want to buy Oncor? Bids due.
(DBN)

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Healthcare:

Judge finds CHCC technically bankrupt
(DBN)

Hospital management firm found liable in botched spine surgeries
(DBN)

MidCap Financial Trust to Provide DIP Loan in UGHS Bankruptcy
(DBN)

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Theater:

Bankrupt Hollywood Palms could gain new operator
(DBN)

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Economy:

Consumers spend less, save more at start of 2015 --- Why incomes are surging and spending isn’t
(DBN)

Weak U.S. consumer spending points to slower first-quarter growth
(DBN)

Fed’s Regional Banks Are ‘Unconstitutional,’ Brookings Paper Says
(DBN)

U.S. ISM manufacturing PMI falls to 13-month low in February --- Manufacturing in U.S. Expands at Slowest Pace in a Year
(DBN)

US construction spending down 1.1 percent in January
(DBN)

Inflation Undershoots Fed Target Again --- 33rd Straight Month
(DBN)

Fed’s Williams Sees Full U.S. Employment by Year End
(DBN)

Dollar Bulls Undone as Yellen Turns Foe Not Friend
(DBN)

Ben Bernanke Says Fed Already Follows Policy Rule
(DBN)

Bill Gross sees negative rates turning investors into Oliver Twist
(DBN)

After Sleepy February, US Leveraged Loan Volume Down Nearly 50% from 2014
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Rent-stabilized lease can't be sold to satisfy bankruptcy creditors, says 2nd Circuit
(DBN)

Morgan Stanley expects mortgage bond lawsuit from New York AG
(DBN)

Ocwen troubles aren’t over yet
(DBN)

Most affordable small towns
(DBN)

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Municipalities:

Rhodes And Orr Say Trillions In Unfunded Liabilities Nationwide
(DBN)

Stockton Bankruptcy's Unsettled Pension Legacy
(DBN)

Puerto Rico Senators support bankruptcy legislation
(DBN)

The next mayor faces an incredible, shrinking Chicago
(DBN)

The 27 coolest new businesses in New Orleans
(DBN)

The 10 richest cities in the U.S.
(DBN)

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Flooring:

Lumber Liquidators resumes trading, down 22% --- Morgan Stanley: We don't know what Lumber Liquidators is worth anymore --- Going to $0? --- '60 Minutes' Report On Formaldehyde In Laminate Floors Has Parents Worried --- The '60 Minutes' report on Lumber Liquidators was way worse than expected --- Lumber Liquidators' Stock Has Not Seen the Worst, Following Damning Report --- Whitney Tilson: I would short more Lumber Liquidators shares if I could --- Lumber Liquidators: '60 Minutes' is wrong --- This Lumber Liquidators chart should've raised red flags for everyone who saw it
(DBN)

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Autos:

Is GM Shielded From Ignition Switch Defect Liability? Hearing Highlights Thorny Due Process and Bankruptcy Issues
(DBN)

5 offers from GM compensation fund rejected
(DBN)

Berkshire's Buffett opposes putting Wilson on GM board
(DBN)

Wells Fargo is worried about the auto loan market
(DBN)

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Oil/Gas:

Tues. A.M.: Oil prices steady along with global markets, but oversupply remains --- Brent crude oil steadies above $60 after sharp Monday fall
(DBN)

Mon. P.M.: Sharp drop in oil prices amid instability in Libya, Iran --- WTI oil races higher after ISM data, Brent down 2% on Libya supply --- Crude oil futures decline as oversupply concerns linger --- Crude oil production surges again despite falling rig count
(DBN)

Oil price cuts beginning to take a cash toll on the corporate level, corporate restructurings, bankruptcies looming
(DBN)

Bets on Oil Rally Highest Since July
(DBN)

The fracking bust has been breathtaking
(DBN)

Shale Oil Bust Enters Phase Two, Led by Hercules and SandRidge
(DBN)

Nabors posts $891 million net loss in fourth quarter
(DBN)

WPX Energy plans layoffs; Colorado operations hit hard
(DBN)

Risk of US$32 oil price as U.S. heating demand fades --- Could Oil Prices Plummet A Second Time?
(DBN)

Ripple effect of tumbling oil prices
(DBN)

In Houston, Falling Oil Prices Spark Fears Of Job Cuts Beyond Energy --- In West Texas oil boomtowns, 'the end is near'
(DBN)

We’re at our Lowest Level of Misery in 56 Years, Thanks to Gas Prices
(DBN)

Cheap oil threatens debt squeeze for smaller UK North Sea producers
(DBN)

Don't bet on a bottom for this oil patch stock
(DBN)

Shale Cycle Busts Out a Pair of Zeros
(DBN)

Houston’s richest man got richer despite crashing oil prices
(DBN)

Guess what country's energy sector is up 22%
(DBN)

Fitch: Oil Trading Houses To Benefit From Volatility In 2015
(DBN)

____________

Shipping:

Excess fleet holding dry bulk freight rates at historic low
(DBN)

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Lehman:

After Bankruptcy, Lehman Pays $44 Million in Bonuses - Failed investment bank still paying bonuses to team winding down its business
(DBN)

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Food/Beverage:

What’s Behind Restaurant Workers’ Faster-Rising Paychecks?
(DBN)

As buyers line up for A-Treat, creditors follow suit
(DBN)

___________

Finance:

Secured lending and the perfect storm: nontraditional lenders and covenant light loans
(DBN)

____________

Education:

Should Students Be Required to Work in College?
(DBN)

Next Philly Fed chief: Universities may go extinct
(DBN)

____________

Gambling:

Caesars Revenue Rises 6.3% --- Caesars Tumbles On $1 Billion Loss
(DBN)

Blatstein asks to move Pier suit to bankruptcy court
(DBN)

____________

Religion:

Judge set to approve settlements in Montana church abuse cases
(DBN)

____________

Baseball:

Wrigley rooftops disclose profit at risk vs. Cubs --- Inside the books of a Wrigley Field rooftop
(DBN)

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Agriculture:

Trustee: Turner Grain is hopeless
(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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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:

A Push for Unanimity in the ABI Commission Report Leaves Important Issues Unaddressed
(DBN)

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Secured Debt:

No Security by Obscurity: The Importance of Clearly Identifying Collateral
(DBN)

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Miscellaneous:

Global restructuring and insolvency
(DBN)

____________

IP:

Don’t Complicate Things: Existence of a License Comes Down to the Terms of a Contract
(DBN)

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Recent Pleadings:

Kirkland Fires Back In Caesars: No conflict, Has waivers - "The Debtors selected K&E as their counsel for a reason"
(DBN)

TelexFree Trustee Files Report Detailing Ponzi Scheme
(DBN)

______________

TBTF:

Big banks are bracing for new regulations, but they still might not be enough to end 'too big to fail'
(DBN)

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Politics:

Warren Buffett: Elizabeth Warren should be 'less angry' --- Why Warren Buffett is wrong over Elizabeth Warren
(DBN)

Centrist Dems Ready to Hit Warren Wing
(DBN)

Minnesota GOP leaves unpaid bills with national vendors
(DBN)

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Tax:

IRS business audits drop
(DBN)

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Retailing:

Bankruptcy trustee opposes bonuses for RadioShack executives
(DBN)

New retailer moving into former Alco stores
(DBN)

RadioShack Gifts That Don't Keep On Giving --- You have less than a week to use your RadioShack gift card
(DBN)

____________

Health & Beauty:

Lifestyle Lift Shuts Down Most of Its Business, Considers Bankruptcy
(DBN)

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Sovereigns:

Argentina's president just gave her most delusional speech yet
(DBN)

Argentina , hedge funds far apart as bond hearings restart
(DBN)

‘Me-too’ bondholders claim US$6 billion
(DBN)

____________

UK:

Barclays boss takes £1.1 million bonus despite BILLIONS spent on financial scandals
(DBN)

____________

EU:

Investors are increasingly expecting the euro zone to break apart
(DBN)

____________

PIIGS:

Spanish Official Says Greece Seeking Third Bailout
(DBN)

Spanish property developer Martinsa files for liquidation bankruptcy
(DBN)

The Fairy Tale of Portugal's Successful Turnaround
(DBN)

ie: 'Arrears deals must be made'
(DBN)

ECB will need to get creative to deal with Greece
(DBN)

____________

Canada:

Alberta sees bankruptcies surge in December
(DBN)

Landlords snap up coveted Target leases
(DBN)

A New Target For Distressed Investors
(DBN)

Target Canada reaches agreement to return 11 properties
(DBN)

____________

Germany:

German retail sales rise much faster than expected
(DBN)

____________

Norway:

Norwegian Air pilots braced for bankruptcy
(DBN)

'No discussion of bankruptcy ': Norwegian
(DBN)

____________

Russia:

Russian Government considers amending bankruptcy law - report
(DBN)

Rampant inflation means Russians are spending half of their incomes on food this year
(DBN)

____________

MENA:

What Sanctions Have Done to Iran's Economy
(DBN)

How ISIS funds its caliphate
(DBN)

____________

Venezuela:

Venezuela tells US to downsize embassy staff from 100 to 17 as tension escalates --- What Is Happening in Venezuela?
(DBN)

____________

Ukraine:

Target of nation's outrage, Ukraine central bank chief plows on
(DBN)

Russia, Ukraine hold emergency gas talks as cutoff looms
(DBN)

____________

China:

China developer Kaisa announces onshore debt restructuring plan
(DBN)

Doomsday Warning: China Could be on the Brink of Collapse
(DBN)

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