March 4, 2015

The Daily Bankruptcy News

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Law:

Brett Miller: Don’t Fix Venue Rules That Aren’t Broken --- Shaunna Jones: Venue Debate is Much Ado About Nothing --- Lisa Donahue: With Creditors Getting More Aggressive, Controversy Will Continue --- Sharon Levine: Choosing Experienced Courts and Judges is Good Business Sense
(DBN)

Associate Bonus Watch: Mayer Brown (Non-New York)
(DBN)

The secret history of forum shopping by bankrupt businesses
(DBN)

This Orrick Ad Makes You Want To Join Biglaw. Or Kill Yourself.
(DBN)

Law firms clash over laptops taken by departing lawyers
(DBN)

Burr & Forman Names Bankruptcy Lawyer Eric Golden as Orlando Managing Partner
(DBN)

Bankruptcy Attorney Thomas Walsh Joins Marshall Dennehey in Wilmington
(DBN)

V&E Posts Second Record Year in a Row
(DBN)

Departure Memo Of The Day: A Love Letter To A Biglaw Firm
(DBN)

Men Are Geniuses. Women Just Work Hard
(DBN)

Maybe Corporations Aren’t People
(DBN)

Really Big and Really Global --- The Inside Story of Dentons' Combination with Dacheng
(DBN)

The Toughest Job in Big Law?
(DBN)

Lawyer Suspended for Demanding Large Bonus Before Releasing Client's Settlement Check
(DBN)

Litigation Finance Communications Protected: Business of Law
(DBN)

Personal Emergency At Work: Triage
(DBN)

Beyond Biglaw: 5 Tips For Dealing With Billing Guidelines
(DBN)

The Most And Least ‘Creditworthy’ Law Schools
(DBN)

How Whiter Teeth Could Destroy Bar Associations
(DBN)

BigLaw To Be Pulled North By Canadian Resources
(DBN)

Snowden in talks on returning to US, lawyer says --- Lawyer: Snowden willing to return to U.S. for trial
(DBN)

Report: Justice Department slams Ferguson police for pattern of racial bias
(DBN)

A tiny city is allegedly jailing people for being poor, and the Justice Department is weighing in on the case
(DBN)

Petraeus Pleads Guilty Over Classified Docs
(DBN)

An American was jailed in the United Arab Emirates for Facebook posts he made in the US
(DBN)

Bail industry comes up with new "products"
(DBN)

Over The Top Attention-Seeking Behavior
(DBN)

Federal agents raid 20 suspected 'maternity hotels' in California
(DBN)

Say What?!
(DBN)

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Judges:

Board of Judges for the ED NY Extends Term of Judge Carla E. Craig as Chief U.S. Bankruptcy Judge
(DBN)

MT: Court Announcement – Bankruptcy Clerk Retiring
(DBN)

A Brooklyn warehouse fire destroyed files from 1 million court cases
(DBN)

An immigrant student invited a Supreme Court justice to dinner. She took him up on it
(DBN)

Alabama Supreme Court Stops Gay Marriages
(DBN)

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Wall Street:

Futures lower as investors bide their time for jobs data
(DBN)

U.S. stocks fall on day after Nasdaq passes 5000 mark
(DBN)

‘Internships’ for 40-somethings take root on Wall Street
(DBN)

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Layoffs:

Shareholder Liability: Subsidiary WARN Act Violations
(DBN)

Standard Chartered's HUGE profit drop will lead to more job cut pain
(DBN)

RBS is cutting 14,000 investment banking jobs
(DBN)

Target Hopes to Save $2 Billion with Massive Layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Document Management:

Standard Register Hires CRO, bankruptcy possible
(DBN)

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Oil/Gas:

Insolvency-Related Implications for the Oil & Gas Industry in the U.S.
(DBN)

Tues. P.M.: Brent crude jumps back past $US60 --- Oil market jumps on Libya unrest
(DBN)

Anadarko to cut spending 33 percent, execs say
(DBN)

Oil and gas contractor Cal Dive files for bankruptcy --- Houston-based marine contractor files Chapter 11 in DE
(DBN)

Despite Falling Oil Prices, Texas Oil Output Surged In December To The Highest Level Since The 1970s
(DBN)

Nabors cuts nearly 3,500 jobs as U.S. drilling takes hit
(DBN)

States Feeling the Pain from the Oil Bust
(DBN)

Oil producers make pitch to Congress
(DBN)

How Low Can Oil Prices Go?
(DBN)

US running out of room to store oil; price collapse next? --- Oil storage tanks won't max out
(DBN)

The Shale Revolution Did Not Pay Investors Well
(DBN)

Lukoil profit drops 39 percent after impairments, oil-price slump
(DBN)

Debt-laden Petrobras targets $13.7B of asset sales
(DBN)

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Banking:

Fitch Downgrades Doral Bank to 'D' on Receivership
(DBN)

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Toll Roads:

Counties Finalizing Bid To Buy Indiana Toll Road
(DBN)

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Turnarounds:

For distressed companies, remnant assets can be a boon
(DBN)

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Mail:

Heavily-funded Earth Class Mail files for bankruptcy , leaving Ignition as largest creditor
(DBN)

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Economy:

US CEOs modestly more upbeat on economy, spending -survey --- CEOs optimistic on sales -- not so much on jobs --- AT&T's Stephenson says Washington holding economy back
(DBN)

The cure for deflation can be worse than the disease
(DBN)

Bernanke: Give President Economic Power
(DBN)

The Yellen inflation dashboard
(DBN)

Millennials to Inherit $30 Trillion
(DBN)

How Americans define "rich," in one chart
(DBN)

Ranked: The 50 US state economies from worst to best
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

JPMorgan Chase: Hold the phone on those DOJ robo-signing charges
(DBN)

Environmental Liability: Relief Through Bankruptcy Or Not?
(DBN)

NYC Landlords Can't Touch Rent-Controlled Flats --- NY: Court delivers major blow to property owners
(DBN)

Is the Next Real Estate Bubble Here?
(DBN)

Here are the details of Freddie’s massive delinquent loan sale
(DBN)

U.S. Trustee Program Reaches $50 Million Settlement with JPMorgan Chase to Protect Homeowners in Bankruptcy --- DOJ fines JPMorgan Chase $50 million for robo-signing
(DBN)

Michigan home prices rose 9% in January vs. 2014
(DBN)

Ocwen Financial to review capital structure, strategic options
(DBN)

Related Midwest asks judge to close Chicago Spire bankruptcy case
(DBN)

This state may never revisit its house-price peak
(DBN)

Welfare with an Ocean View
(DBN)

Coyotes in suburban New York 'aren't afraid of people anymore'
(DBN)

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Municipalities:

Chicago's only salvation: A Detroit-like bankruptcy
(DBN)

Illinois governor says New Jersey is 'going down the drain'
(DBN)

Recap of House Subcommittee Hearing on Puerto Rico Chapter 9 Uniformity Act of 2015—H.R. 870
(DBN)

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Autos:

February auto sales up, but not for all
(DBN)

Honda, GM, Ford, Chrysler, and Nissan sales all miss expectations
(DBN)

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Politics:

US House to vote on security bill without immigration provisions --- Shutdown averted: Congress passes bill fully funding DHS
(DBN)

Bankruptcy lawyer on Wisconsin right-to-work debate: "would send a clear message that Wisconsin is open for bankruptcy”
(DBN)

Bibi Blows Up the Special Relationship --- This was the most important part of Netanyahu's speech to Congress on Iran --- Netanyahu's argument to Congress about Iran, explained in 2 minutes --- Fact-checking claims about Iran --- Fact check: Did Netanyahu go too far in his US speech? --- This tweet captures the glaring contradiction at the heart of Netanyahu's speech
(DBN)

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Retailing:

Target to cut thousands of jobs as seeks to cut costs by $2 billion
(DBN)

SkyMall is coming back!
(DBN)

Best Buy is not the next RadioShack
(DBN)

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Golf:

Woodlake Resort and Country Club up for auction
(DBN)

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Religion:

Judge could rule on critical archdiocesan sex abuse claims
(DBN)

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Aviation:

800 staff sent home after Norwegian strike action
(DBN)

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Fraud:

In 16 months, TelexFree took in $1B, court files say
(DBN)

Dennis Kozlowski ‘Bout Ready To Print Up New Business Cards
(DBN)

Second Circuit Expands Bankruptcy Code’s Safe Harbor Protection for Transferees of Ponzi Scheme Payments
(DBN)

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Coal:

U.S. Coal Industry Redux 2015: It's Not Getting Any Easier
(DBN)

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Accounting:

It’s a Seller's Market for Accountants: Report Finds Demand Is High
(DBN)

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Healthcare:

Many Americans in Debt, Bankruptcy Paying for Cancer Care
(DBN)

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Pharma:

AtheroNova Files for Bankruptcy
(DBN)

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Flooring:

Lumber Liquidators knew the risks
(DBN)

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Soccer:

Cash-strapped Twente deducted three points
(DBN)

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Environmental:

Answers remains elusive in Freedom Industries bankruptcy case
(DBN)

Freedom Industries bankruptcy case heading toward finish line
(DBN)

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Shipping:

Shipping industry faces shake up as private equity unwinds bets
(DBN)

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Finance:

A former AIG unit is about to become the biggest subprime lender in the US
(DBN)

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Education:

Rival of imploding women's college tells its students not to panic
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 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:

WD NY: bankruptcy caseload continues to decline
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Emory Bankruptcy Development Journal Symposium 2015: Corporate Panel
(DBN)

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Personal Bankruptcy:

Emory Bankruptcy Development Journal Symposium 2015: Consumer Panel
(DBN)

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Bankruptcy Reform:

Fed: Insolvency after the 2005 Bankruptcy Reform
(DBN)

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Plan Confirmation:

Cramdown, DENIED.
(DBN)

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Safe Harbors:

The ISDA 2014 Resolution Stays Protocol and the Bankruptcy Code Safe Harbors
(DBN)

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Litigation:

Document Preservation Strategies for Creditors in a World with Changing Discovery Rules
(DBN)

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Personal Finance:

5 simple habits of people who manage to save a fortune
(DBN)

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Gambling:

An ingenious 11-hour bid just came in for Atlantic City's troubled Revel Casino
(DBN)

Is 3rd time the charm for the attempted sale of Atlantic City's former Revel casino? --- Judge to, Yet Again, Consider Sale of Atlantic City's Revel
(DBN)

New Revel bidders arrive to take a look around
(DBN)

Caesars' operating unit files bankruptcy exit plan --- Caesars operating unit details plan to cut $10 billion in debt
(DBN)

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Credit Cards:

Nearly Impossible to Sue Credit Card Company
(DBN)

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Celebs:

Why the Anti-Banker Buffett Rant?
(DBN)

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Sovereigns:

Ukraine looks to be poised on the edge of default
(DBN)

Ukraine's next battle zone is its economy --- Ukraine's fourth largest lender Delta Bank insolvent – central bank --- Ukraine hikes interest rate amid tanking economy --- Interest rates rise to 30% in Ukraine
(DBN)

Kicillof: 85% of 'me-too' bondholders are vultures
(DBN)

Citibank Seeks Permission to Make Argentine Bond Payment
(DBN)

Argentina's Bond Euphoria Raises Valuation Alarms
(DBN)

Argentina, hedge funds far apart
(DBN)

US judge not ready to rule on Argentine bond payments via Citigroup --- Euro-bondholders pressure Griesa for ruling
(DBN)

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UK:

Insolvency fees to be shown upfront --- Transparency for insolvency fees --- Estimated insolvency costs introduced by government
(DBN)

UK Companies Court will not fetter its Winding Up Jurisdiction to Specialist Courts
(DBN)

UK: Wealthy Still Have 100 Yr. Old Tax Break
(DBN)

Barclays' Profits Fall 21%
(DBN)

Scheme Hot Topics
(DBN)

British property has become a safe haven for stolen cash
(DBN)

I’m poor and can’t support my family says ‘Putin's banker’ with £10,000 a week allowance
(DBN)

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EU:

Bondholders "bailed in" --- Austria to Ask Heta Creditors to Take Voluntary Losses
(DBN)

Eurozone faces first regional bankruptcy as debt debacle stalks Austria's Carinthia
(DBN)

Eurozone showing signs of economic momentum
(DBN)

Europe's retail sales are surging at the fastest pace in 10 years
(DBN)

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PIIGS:

Talk of third Greek bailout gains ground in Europe
(DBN)

Greek officials have ruffled feathers in Brussels for not having good diplomatic manners
(DBN)

IDI bankruptcy 'a consequence of plunder' investigators say
(DBN)

ie: O’Donnells went from €1bn portfolio to seeking bankruptcy --- Bankrupt property tycoon who owes Bank of Ireland £52m barricades himself into his Dublin mansion to stop bailiffs seizing it
(DBN)

____________

Canada:

Suppliers question Target's insolvency timing
(DBN)

Quebec-based Savoura files for bankruptcy
(DBN)

Top Ten Richest Canadians
(DBN)

The Bank of Canada is warning people to stop drawing Spock on their money
(DBN)

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Iceland:

Crazy Comeback: From Near Bankruptcy Back to Iceland's Only Billionaire
(DBN)

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China:

US companies in China expect that hard times are ahead
(DBN)

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Russia:

Russian developer SU-155 faces default, seeks restructuring
(DBN)

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