March 30, 2015

The Daily Bankruptcy News

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Law:

Wiley Rein Cuts 18 Partners, 30 Staff Members Amid Restructuring Layoff Watch: Almost 50 Partners And Staff Let Go At A Leading Law Firm
(DBN)

Winston Adds Insolvency Partner in NY
(DBN)

Which BigLaw firms were targets in cyberattacks? Internal Citigroup report lists two of them Internal Citibank Report Raises Questions on Law Firms' Cybersecurity Efforts
(DBN)

An Introvert's Advice for Getting Ahead
(DBN)

Corporate Chair, Partner Resign From Duane Morris
(DBN)

Business of Law
(DBN)

Debunking Myths About Hiring Outside Counsel
(DBN)

Is This How Big Law Partners Gamble on March Madness?
(DBN)

The Law Office Will Look Totally Different in Five Years
(DBN)

“How many lawyers will be out of work because of you?”
(DBN)

Charleston School of Law founder Ed Westbrook resigns from board, plans to sever ties with school
(DBN)

Widener Law announces split into two schools, new dean in Delaware
(DBN)

Is The Pace Tuition Discount A Treat Or A Dirty Trick?
(DBN)

These 7 apps can help you save money right away
(DBN)

21 iPhone cases that will make everyone do a double take
(DBN)

A Gentleman's Guide to buying shoes
(DBN)

Web success propels lawyer's practice
(DBN)

Amanda Knox murder conviction overturned
(DBN)

Ellen Pao Loses Bias Case Against Kleiner Perkins Courtroom Drama: Pao-Kleiner Juror Changed His Vote Mid-Verdict Why the jury rejected Ellen Pao's claim of gender discrimination In losing gender bias trial, Pao's lawyers denied millions in fees
(DBN)

New Indiana 'Religious Freedom' Law Seen Hampering Hiring Ability CEOs: Indiana Now a No-Go Zone Angie's List is halting expansion plans in Indiana because of a controversial new law there Indiana Governor Refuses to Clarify Anti-Gay Bill He Vowed to Clarify The Indiana Religious Freedom Restoration Act
(DBN)

Aaron Hernandez's fiancee testified at his trial — and may have made things worse for him
(DBN)

Fashion Statement at Justice: ‘Free Eric Holder’ Wristbands
(DBN)

Hedge fund manager who said 'sorry' for losing 99.7% of his clients' money is now being investigated by the SEC and DOJ
(DBN)

Guards at a San Fransisco jail allegedly forced inmates to fight 'gladiator-style' and bet on the outcomes Is Gladiatorial Prison Combat ?Worse Than What We Already Do?
(DBN)

Woman Faked Being Lawyer For 10 Years, Made Partner: Cops
(DBN)

Sometimes You Just Have To Shoot Up A McDonald’s
(DBN)

Watching Lawyers Freeze To Death For Fun And Cash
(DBN)

Texas Bill Would Make It Illegal for You to Film a Cop Beating You
(DBN)

Controversial new plan to reduce America's prison population
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Judges:

How Harry Reid Changed the Federal Courts
(DBN)

Detroit bankruptcy judge is Lawyer of the Year
(DBN)

Benchslap Of The Day: No More Mr. Nice Guy
(DBN)

A Tip From The Justices on Writing: Keep it Simple
(DBN)

Prosecutor seeks judge’s recusal in all pending cases, cites ‘legal advice’ email to public defender
(DBN)

Scalia Fan Fiction The Originalist Q&A with playwright John Strand
(DBN)

The Most Interesting Man In The HOV Lane
(DBN)

Suit Survives Against Over Judge Accused of Groping
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Wall Street:

Stocks Rise With U.S. Futures on Stimulus Bets; Oil Falls Futures rebound as bulls run with Yellen
(DBN)

A 'sobering' week for stocks U.S. stocks suffer big weekly losses
(DBN)

84% of S&P 500 outlooks have been negative
(DBN)

Who is gaining as investors flee U.S. stock funds
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Kiss Wall Street's 'middle class' goodbye
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Wall Street's biggest banks are being abandoned
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Most controversial stocks
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Layoffs:

Western banks axed 59,000 jobs last year
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National and State by State Unemployment Rates
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Animated Map of Unemployment
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Golf:

Faced with big losses, country clubs scramble to adapt
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Oil/Gas:

Mon. A.M.: Crude oil sinks below $48 as Iran talks continue to weigh
(DBN)

Fri. P.M.: Crude Prices Fall as Middle East Supply Fears Ease Oil sell-off intensifies after rig count report The oil rig count is not important — yet
(DBN)

US Oil and Natural Gas Rig Count Drops By 21 to 1048 Rig Counts in North Dakota Fall Below 100 Drilling Rigs are Stacking Up
(DBN)

Connacher Lenders Find Advocate in Ex-U.S. Bankruptcy Judge
(DBN)

Cash-strapped oil firms top Moody’s watch list
(DBN)

North Dakota’s Jobless Rate Is the Lowest No Longer
(DBN)

Texas Oil Town: Signs of Economic Slowdown
(DBN)

As Oil Prices Fall, Oil Firm Default Rate Rises
(DBN)

Barnett Shale play on hiatus
(DBN)

Wyoming has lost 1300 jobs in oil and gas since December
(DBN)

Houston area's economy loses some of its zing What a drag: Low oil prices continue to slow Texas job growth
(DBN)

Coping with an oil price crash
(DBN)

The 101-Year-Old Oil Woman Who Found Millions in Her Mailbox
(DBN)

Why Oil Could Be Facing A 20-Year Bear Market
(DBN)

Some Energy Companies Find the Going Tough
(DBN)

How American frackers plan to beat OPEC
(DBN)

Trustee in oil company's bankruptcy claims land grab conspiracy in federal lawsuit
(DBN)

Fitch: E&P Firms in Focus as US High Yield Energy Default Rate Rises
(DBN)

Canada’s Hit from Slumping Oil May be Broader than Expected
(DBN)

Low oil prices force 2 Oklahoma companies to cut jobs
(DBN)

Oil bonds are becoming a major problem
(DBN)

New survey shows what energy pros are thinking as oil prices tumble
(DBN)

Blackstone CEO sees ‘remarkable’ opportunities in slumping oil
(DBN)

U.S. Oil Glut Story Grossly Exaggerated
(DBN)

Robert Shiller: Buy oil
(DBN)

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Mass Torts:

Insurer Claims Asbestos Fraud Tainted Pittsburgh Corning Bankruptcy
(DBN)

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Privacy:

RadioShack Sale Sparks Data Privacy Concerns
(DBN)

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Healthcare:

Credit for NRMC recovery is misplaced Future looks bright for hospital merge Questions still remain regarding former hospital’s PERS accounts
(DBN)

Public holds bill for health co-op's collapse
(DBN)

A year after NARH closed, health care makes steady comeback
(DBN)

The only thing tougher than keeping DMC alive is letting it go
(DBN)

Report: 2 in 5 Cancer Patients Concerned About Bankruptcy
(DBN)

New bidders woo Daughters of Charity
(DBN)

Ameris Health planning to reopen Arkansas hospital
(DBN)

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Pensions:

Shortfalls sabotage promise of union retirees' pensions
(DBN)

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Beauty:

Lifestyle Lift Seeks Bankruptcy Protection - Plastic-surgery chain abruptly shut down, laid off entire staff
(DBN)

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Media:

Former Kalispell broadcaster loses another round in court
(DBN)

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Economy:

US Economy is Showing Signs of Cracks
(DBN)

Fed's Janet Yellen Pitches Cautious Tack on Rate Increases
(DBN)

The controversial theory that worries Janet Yellen
(DBN)

US jobs to add heat to Fed lift-off debate
(DBN)

Profit decline in 2014 was first since 2008
(DBN)

BLS: Twenty-Six States had Unemployment Rate Decreases in February
(DBN)

US 4Q GDP Revised to 2.2% Fourth-Quarter GDP – At A Glance
(DBN)

Survey: Consumers Report Higher Likelihood of Applying for Credit
(DBN)

Fed: Wages grew in recession, went flat in recovery
(DBN)

No, inequality actually doesn’t help everyone
(DBN)

This chart shows only growing sector of economy
(DBN)

Fears of a new global crash as debts and dollar’s value rise
(DBN)

Why We Cannot Afford The Republican Budget
(DBN)

Carly Fiorina: Economy is suffering because workers are ‘watching p--- all day long’ This former HP exec just told the world she's almost definitely running for president
(DBN)

Hotels: On Pace for Best Year on Record
(DBN)

Krugman: Air Conditioning and the Rise of the South
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
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Real Estate:

Foreclosure to Free Home, as 5-Year Clock Expires
(DBN)

Foreclosure Crisis Update
(DBN)

Freddie Mac completes largest sale ever of seriously delinquent loans
(DBN)

Chart: US Housing Recovery
(DBN)

Will the Fed’s inevitable interest rate hike break a fragile recovery?
(DBN)

Rate of Delinquent Mortgages Still on the Decline, OCC Says
(DBN)

It's getting harder to afford a home
(DBN)

8 Housing Markets with Long Road to Recovery
(DBN)

Does Non-Recourse Liability Still Exist?
(DBN)

Thomas Kee: Three reasons I shorted housing
(DBN)

Buffalo: Special servicer takes over University, D&L Plazas
(DBN)

DC: Pair of suburban office buildings drops $126M in value since 2007
(DBN)

Public Tax Sale to Pay Unpaid Real Estate Taxes Held to Constitute “Reasonably Equivalent Value” for Fraudulent Transfer Purposes
(DBN)

The Automatic Stay Does Not Preclude A Foreclosure Committee From Seeking Fees From A Non-Debtor Party In A Foreclosure Action Pending Against a Debtor
(DBN)

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Municipalities:

Bill pushes for possible municipal bankruptcies in Illinois Bill would allow Illinois' cash-strapped local governments to file for bankruptcy
(DBN)

Atlantic City report hazy on answers Christie on Atlantic City aid plan: Show me the passed bill A.C. on the brink Sucker Bet: Bankruptcy is looking more likely for Atlantic City Atlantic City May Default on Debt
(DBN)

Now It's Detroit's Turn for a High-Speed Comeback
(DBN)

Detroit: Police command officers violated terms of bankruptcy order
(DBN)

Detroit City Council pay raise could be decided today
(DBN)

Duggan may have tough time finding blight funds
(DBN)

Creditors offer Puerto Rico's troubled utility $2 bln financing-sources Puerto Rico utility closer to deal with creditors - sources
(DBN)

San Bernardino bankruptcy 'unique,' 'perplexing,' creditor says
(DBN)

Chicago's on the brink of bankruptcy New York Lessons for Chicago's Fiscal Blues
(DBN)

LA: State needs to fix its retirement
(DBN)

Financially Distressed Municipalities Obtain New Taxing Powers
(DBN)

Cities on the brink? Municipal pensions causing fiscal frailty
(DBN)

Philly’s School District is Bust
(DBN)

City of Joplin sues Houston area man, former master developer for fraud
(DBN)

The 10 US cities where it's cheapest to live
(DBN)

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Gambling:

Caesars close to deal with top lenders to bail out its unit
(DBN)

Vegas casinos back to cashing in: Caesars CEO
(DBN)

You'll Never Guess Las Vegas' Caesars Entertainment's Latest Bad Idea
(DBN)

Plan to Turn Showboat Casino Into College Campus Runs Into Legal Issues
(DBN)

Report: N.J. real estate veteran Goldberg and N.Y. developer preparing bid for Revel
(DBN)

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Politics:

Election 2016: People are ready for Elizabeth Warren Warren Pushes Back at Banks
(DBN)

Ron Paul supporters turn backs on Rand Paul
(DBN)

When Clinton deleted work emails from server O’Malley Criticizes Clinton as 2016 Candidate
(DBN)

Rubio Likely to Announce Presidential Run
(DBN)

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Food/Beverage:

Bankruptcy trustee seeks $25.7 million from Tyson Foods
(DBN)

Divers discover holes leaking water into bankrupt restaurant barge
(DBN)

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Bankruptcy Crimes:

Car Buff Indicted, Accused of Lying about a Lamborghini, a Viper, 2 Corvettes and 2 Trans Ams
(DBN)

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Education:

Morris Brown College “victoriously emerges” from bankruptcy Morris Brown trustee: College emerging from bankruptcy
(DBN)

Students, staff left scrambling after Bucks Co. school abruptly closes
(DBN)

Trump casino execs fault Stockton Univ. in Atlantic City property purchase
(DBN)

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Celeb:

Kanye West Seeks to Buy Streetwear Retailer Karmaloop Karmaloop Sale Buzz Heats Up: Will Kanye, Damon Dash Nab the Deal? Will Kanye West buy Karmaloop? Maybe, says CEO
(DBN)

Once worth $1 billion, Sam Wyly is bankrupt but still fighting
(DBN)

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Batteries:

Exide Wins Bankruptcy-Court Approval for Restructuring Plan - Cuts $600 million from company's $1 billion debt and puts it under ownership of senior lenders
(DBN)

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Theatre:

Steiner and Supporters Pushing Surflight Theatre Bankruptcy Trustee for Decision
(DBN)

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Student Debt:

A Simple Solution for Overburdened Student Loan Borrowers
(DBN)

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Aviation:

Germanwings Co-Pilot's Death Wish Crash pilot was psychiatric patient, planned big gesture Depression didn't make the Germanwings co-pilot murder 149 people Liability for Germanwings Crash May Still Rest With Airline, Insurer Germanwings crash co-pilot may have had detached retina The Germanwings pilot left for the bathroom and came back shouting 'open the d--- door'
(DBN)

Germanwings - Could Be On The Hook For Unlimited Liability Germanwings: Urged Pilot to Leave Cockpit?
(DBN)

Want to Live? 4 Airlines to Avoid
(DBN)

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Personal Finance:

7 things hiring managers value much more than your education 2 common résumé mistakes that make hiring managers cringe
(DBN)

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Banking:

Unofficial Problem Bank list decline to 349 Institutions in March, Q1 2015 Transition Matrix
(DBN)

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Publishing:

Picture changing for bankrupt Christian retailer
(DBN)

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Fraud:

Utah judge rules that 'legal' Ponzi scheme, targeted to Mormons, was still just fraud
(DBN)

Ex-Direct Access CEO Sentenced to Four Years in Bribe Scheme
(DBN)

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Tech:

GTAT secures US$95 million debtor-in-possession financing
(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 (237 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
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Miscellaneous:

The Week Ahead
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Discharge:

Boies Schiller attorneys keep pushing over BofA's post- bankruptcy credit reports
(DBN)

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Professional Compensation:

Section 328 and Its 'Two-Way Ratchet'
(DBN)

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Mootness:

Creditors' Rights in Chapter 11: Use Them or Lose Them
(DBN)

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Avoidance Actions:

Think You Have a “Good Faith, for Value” Defense? Value to Creditors is the Key!
(DBN)

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Settlements:

Third Circuit Finds Settlement Agreement to be Plan Modification
(DBN)

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Tax:

SCOTUS Asked To Look At Level Of Culpability Required To Lose Discharge For A Tax Shelter
(DBN)

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TBTF:

Senate Takes Swing at Big Banks
(DBN)

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Retailing:

RadioShack bankruptcy hearing drags on, Salus plans new bid Lender working on 'significant' new RadioShack bid
(DBN)

Retired RadioShack chief sees bright tech future as company struggles
(DBN)

Bidders ready for second week of action in RadioShack bankruptcy
(DBN)

Grupo Gigante to Buy RadioShack's Mexican Business
(DBN)

New SkyMall Owner May Relaunch Catalog
(DBN)

Slow Bleed in GameStop Stock Resumes
(DBN)

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Autos:

Bankruptcy Judge May Lift Shield for GM Over Ignition Switch Claims
(DBN)

Payback Due for Sacrifices, UAW Tells Detroit Three
(DBN)

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Furniture:

Chromcraft Revington has been ordered to pay more than $632K after defaulting on IHFC lease
(DBN)

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Amusement Parks:

Hotel Conneaut operator says events will go on despite letter canceling lease
(DBN)

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Religion:

Archdiocese asks bankruptcy court for more time to reorganize
(DBN)

Bankruptcy shadows New Mexico diocese's 75th anniversary
(DBN)

Supreme Court weighing whether to hear Rev. Schuller case
(DBN)

Looking Past Cardinal Dolan's Hearty Smile
(DBN)

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Asset Protection:

The MacDaddy Of All Intra-Member Charging Order Versus Levy Disputes
(DBN)

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Sovereigns:

Changes in Sovereign Debt Risk Rules Won’t Come Quickly
(DBN)

Gov't suspends Citibank's market operations Argentina Bans Citi From Market Operations on Holdout Agreement Argentina: 'We will maintain Citibank’s suspension' 'Citibank has left its clients high and dry'
(DBN)

Argentina's Local Dollar Bonds Fall on Griesa Contagion Concern
(DBN)

Argentina bond saga takes another twist
(DBN)

Argentine Bond Plaintiffs to Withdraw Subpoenas, Judge Told
(DBN)

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UK:

Britain's biggest banks face a new investigation over their decimation of hundreds of businesses through dodgy interest-rate swaps
(DBN)

Solicitor struck off, bankrupt and now behind bars after swindling two sisters out of £60,000 from a will
(DBN)

Investigation into Comet's collapse concludes
(DBN)

New rules could prevent certain pre-packs from proceeding
(DBN)

Govt confirms undrawn pensions out of debt collectors' reach
(DBN)

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EU:

The EU Bank Recovery and Resolution Directive: moving towards full implementation
(DBN)

Eurozone can't survive in current form, says PIMCO
(DBN)

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PIIGS:

Greece Submits Reform Proposals to Eurozone Greek Bailout Proposals Lack Necessary Detail, Officials Say - Eurozone finance ministers unlikely to meet before mid-April to give Athens more cash Greek Economic Reform Proposals Don't Make The Grade Greece says not backing down on debt relief goal Greece struggles to accommodate lenders as cash dwindles Greece says talks with lenders are continuing positively Greece's bailout talks are still going nowhere as the country runs out of money Tsipras seeks 'happy ending' with EU Greece aims to unlock bail-out cash with €3bn reform plan Investors fear Greece will impose capital controls
(DBN)

Greece's Fate Lies in Athens' Hands, Not Berlin's
(DBN)

Fitch downgrades Greece's rating to 'CCC'
(DBN)

Greek stocks slammed with reforms in view
(DBN)

How Greece pushed Europe's creditors to the edge
(DBN)

Factory in Portugal exemplifies Europe's jobs fight
(DBN)

ie: Massive vacant stores struggle to find buyers
(DBN)

Weak capital ties Italian banks to bad debts
(DBN)

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Canada:

Comark Inc , owner of Ricki's , Bootlegger and Cleo, is latest Canadian fashion retailer to seek creditor protection
(DBN)
(DBN)

Target moves to shut all Canadian stores faster than planned
(DBN)

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Germany:

Demographic change could be disastrous for German pensions
(DBN)

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China:

Half-Pie or No Pie? News for Kaisa’s Offshore Creditors
(DBN)

THSRC proposes new restructuring plan to avoid bankruptcy
(DBN)

Chinese developers build into bust
(DBN)

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Andorra:

Andorra's Fascinating Experiment, FRB Without LOLR
(DBN)

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Brazil:

Petrobras engineering firm contractor files for bankruptcy
(DBN)

Brazil police arrest Grupo Galv+úo CEO in Petrobras probe
(DBN)

Vale chief nominated to be next chairman of scandal-hit Petrobras
(DBN)

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Ukraine:

Ukraine's Pension Fund is bankrupt
(DBN)

What’s $3 Billion Between Enemies? Ukraine and Russia Battle Over Debt Terminology Russia is refusing to negotiate over its $3 billion loan to Ukraine
(DBN)

Soros 'stands ready' to invest $1 billion in Ukraine
(DBN)

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Hungary:

Calls for Orbán’s resignation: In Quaestor scandal, all roads lead to Fidesz
(DBN)

Quaestor Brokerage Scandal: Chief Prosecutor Under Fire
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