March 5, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

J. Scott Victor: Venue Reform Is a Solution in Search of a Problem --- Paul Leake: Current Rules Strike a Fair Balance --- Jack Butler: For Large Companies, Venue Choice Isn’t a Bad Thing --- Perry Mandarino: The Myth of Forum Shopping --- Richard Chesley: Caesar’s Decision Proves Highly Instructive
(DBN)

The Life And Times Of A Biglaw Mommy
(DBN)

Nearly a dozen lawyers at one office give up traditional desks
(DBN)

The View From Up North: The DLA Piper/Davis Merger
(DBN)

Reed Smith Revenue Up 7 Percent, PPP 5.7 Percent
(DBN)

Kramer Levin Sees Mixed Results in 2014
(DBN)

U Law Students Take Top Honors at Bankruptcy Competition
(DBN)

The Top 10 Law Schools For ‘Job Accessibility’
(DBN)

Should Law Schools Offer Reduced Teaching Loads to Retain Star Faculty?
(DBN)

Competitor or Collaborator? What UpCounsel’s Growth Means for BigLaw
(DBN)

Why Employers Should Ignore The U.S. News Law School Rankings
(DBN)

Calling B------- On The Lawyer Ego Industry
(DBN)

Managing Partner Assures Us He’s Not Out Of Shape
(DBN)

$3.1 Million Legal Malpractice Suit Filed Against Two Dallas Lawyers For Not Pursuing Nondischargeability
(DBN)

Law firm Green Jacobson faces involuntary bankruptcy as creditor files petition
(DBN)

These are the 3 reasons Apple thinks people will want to buy an Apple Watch
(DBN)

How to supercharge your iPhone in only 5 minutes
(DBN)

Disruption in the legal industry? - Watson's Son Ross: "The Super Intelligent Attorney"
(DBN)

Reed Elsevier is dismissed from suit claiming malware rerouted law firm website visitors
(DBN)

The Wrong Kind Of Mentoring: "Equally problematic is Respondent's habit of twisting the truth"
(DBN)

Lawyer is jailed for contempt for refusing to answer federal judge’s questions about client
(DBN)

The only tie knot you need to know
(DBN)

Dzhokhar Tsarnaev’s defense attorney: 'It was him'
(DBN)

17 disturbing statistics from the federal report on Ferguson police
(DBN)

Washington prosecutor denounces wife over ‘do not trust Muzlims no matter what’ Facebook post
(DBN)

The Ferguson police department is strapped for cash and allegedly breaks the law to get it
(DBN)

______________

Judges:

ED PA: Closed For Weather --- ND TX: Lubbock Opening Late --- ED TX: Tyler Office Opening Late
(DBN)

Supreme Court closely divided on Obamacare's future --- Justice Kagan brilliantly illustrated how ridiculous the challenge to Obamacare is --- In Anti-Obamacare Case, Ruth Bader Ginsburg Questions the Foundation of the Lawsuit --- Supreme Court Obamacare Arguments Offer Small Hints Of Outcome --- Did Anthony Kennedy tip his hand --- Roberts stays silent --- Roberts, Kennedy hold the key to Obamacare --- Justice Scalia trashes how the Obamacare law was written --- Supreme Court justices divided over ObamaCare subsidies --- 5 Problems With a Supreme Court Anti- Obamacare King v. Burwell --- What Happens if the High Court Strikes Down Obamacare Subsidies? --- Hospital stocks soar after court’s Obamacare hearing
(DBN)

Alabama’s top court defies federal court and bans gay marriages, asks what’s love got to do with it
(DBN)

Top state court rebuffs judge’s constitutional challenge to moonlighting ban
(DBN)

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Wall Street:

U.S. stocks: Investors cautious ahead of ECB, crop of U.S. data
(DBN)

U.S. stocks fall, pulling market further below record highs
(DBN)

11 stock-market bubbles that have already popped
(DBN)

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Layoffs:

Pioneer Credit Recovery could cut 400 jobs
(DBN)

Gov. Seeks Meeting With Target CEO On Layoffs
(DBN)

Robots are hurting middle class workers, and education won’t solve the problem, Larry Summers says
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Sweet Briar College closes its doors after 114 years --- The moment when an imploding Virginia college knew it was in trouble
(DBN)

A college with a $94 million endowment is shutting its doors, and people in higher ed should be scared
(DBN)

A 114-year-old college that's closing its doors may have to give more than $50 million back to donors
(DBN)

Everest College may have a buyer, no names being released
(DBN)

New York Military Academy has filed for bankruptcy protection, hoping to reorganize its finances
(DBN)

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Religion:

Judge confirms plan settling Montana clergy sex-abuse claims
(DBN)

Judges dismisses key sex abuse claims against archdiocese
(DBN)

East Flatbush, Brooklyn church may be saying its final prayer
(DBN)

____________

Retailing:

Abercrombie & Fitch turns to price cuts, outlets to escape its own hot mess
(DBN)

American Eagle leadership details recovery after difficult year
(DBN)

Customers of RadioShack, other retailers facing bankruptcy often left holding gift cards
(DBN)

Cache Stores to Start Going-Out-of-Business Sales
(DBN)

Target owes $1.9-billion to its own property firm
(DBN)

Possible SkyMall Savior: I'm Not Bidding Without Airlines Deals
(DBN)

Costco profit up 29%
(DBN)

Bankruptcy judge OKs revised $1.5M bonus plan to retain 8 RadioShack execs
(DBN)

RadioShack's Bankruptcy Could Take a Toll on Junior Creditors
(DBN)

____________

Golf:

Briar's Creek Files To Reorganize
(DBN)

Carson City's Empire files for bankruptcy , course doing better
(DBN)

____________

Soccer:

'Parma rescue plan in place'
(DBN)

The Glory Days of Italian Soccer Are Nowhere to Be Seen
(DBN)

50% chance of Parma postponement - mayor
(DBN)

____________

Consumer Finance:

UNM bankruptcy law prof speaks against payday loans
(DBN)

Car buyers borrow most ever, make record payments
(DBN)

____________

Publishing:

Houghton Mifflin Harcourt Company: Full Year Results Show No Growth On Higher Overhead, Headed For Bankruptcy?
(DBN)

____________

Celebs:

Bankruptcy Judge Clears Girls Gone Wild to Pay Old Debts
(DBN)

10 wealthiest people in the world under 40
(DBN)

____________

Television:

An Epitaph for Aereo
(DBN)

____________

Theater:

Oakland Center leaves home and cancels rest of its season
(DBN)

____________

Economy:

Fed Beige Book: Better economy, some rough spots --- The Fed’s Beige Book: We Read It So You Don’t Have To --- Fed's Beige Book: Economic Activity Expanded "across most regions", Oil "declined"
(DBN)

For the First Time in 30 Years, Unemployment Fell in Every State in 2014
(DBN)

Preview for February Employment Report --- Early soundings suggest slowing job creation in February
(DBN)

ISM Non-Manufacturing Index increased to 56.9% in February
(DBN)

US services sector activity rises in February: Markit
(DBN)

Lower oil price , stronger dollar impact felt across country: Beige Book
(DBN)

Ben Bernanke Has an Impressive Passive-Aggressive Streak, and Other Things We Learned in the New Fed Transcripts
(DBN)

Fed's Yellen Fretted Over Weak Recovery in 2009, Transcripts Show --- From The Fed Minutes Janet Yellen Seems To Have Read Things Right
(DBN)

Janet Yellen sounded a lot like Elizabeth Warren at a dinner Tuesday night
(DBN)

Kansas City Fed's George sticks with mid-year rate lift-off
(DBN)

Fed’s Evans Sees Early 2016 as Timeframe for Rate Increase --- Says Low Inflation Is A Bit of a Puzzle
(DBN)

Key Republican senator says he will push Fed reform measure
(DBN)

If the economy’s so good, why aren’t workers getting raises?
(DBN)

Startfor alarming predictions for the next decade
(DBN)

5 financial crisis-era charts that haunt Wall Street's nightmares
(DBN)

$30 Trillion Is Why Wall Street Cares About Millennials
(DBN)

In January, spending at bars and restaurants topped grocery stores for the first time
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Mortgage applications hold the line
(DBN)

The salary you must earn to buy a home in 27 metros
(DBN)

What $325,000 will get you in 10 housing markets across America
(DBN)

Citigroup is finally sending checks to 23,000 people it forgot to pay after wrongfully foreclosing on their homes
(DBN)

Bankruptcy , Receivership: the Fundamental Differences
(DBN)

____________

Municipalities:

Just Months Out Of Bankruptcy, Detroit Elected Officials Want A Raise
(DBN)

Puerto Rico's debt crisis: A Lehman moment for the island
(DBN)

Seminar: The Puerto Rico Turnaround
(DBN)

Experts: Beware of localities borrowing retiree costs
(DBN)

Detroit, Wayne County resolve bankruptcy dispute
(DBN)

New judge to get update on loose ends in Detroit bankruptcy
(DBN)

Dispute resolved over Syncora bankruptcy settlement
(DBN)

Dispute over aid to some Detroit retirees emerges as new judge holds bankruptcy hearing --- State: No aid for Detroit retirees with big annuity returns
(DBN)

Chicago avoids $20 million payment after renegotiating swap contract
(DBN)

Desert Hot Springs approves unpopular cuts
(DBN)

____________

Mass Torts:

US Chamber pushes bankruptcy trust changes to Arizona asbestos lawsuits
(DBN)

____________

Oil/Gas:

Thurs. A.M.: Brent above $61 as Iran news offsets US stockpiles
(DBN)

Weds. P.M.: U.S. oil holds above $50 ahead of EIA data --- Oil prices slip on US supply jump --- Brent Falls on Glut --- Oil Prices Reverse Losses --- Oil down as US supply jumps; Saudi remarks keep prices off lows
(DBN)

Crude inventories at their highest level in decades after another build --- U.S. Running Out Of Oil Storage? Blame Canada
(DBN)

Energy a dark spot in otherwise stable regional economy, Beige Book reports
(DBN)

Saudi Arabia pledges to pump as much oil as its customers need --- Saudis: Don't Blame Us for Oil's Plunge
(DBN)

Why OPEC is Dead
(DBN)

The intersection of M&M liens and bankruptcy law
(DBN)

Oil price collapse coming as US runs outs of storage room?
(DBN)

Exxon CEO: Get used to lower oil prices
(DBN)

Exxon Mobil to cut 2015 budget by 12 percent --- Exxon may delay spending after 2017 if down market persists --- Exxon’s plan to ride out the oil price collapse
(DBN)

Welcome to the ‘new paradigm’ in crude oil
(DBN)

Cal Dive begins voluntary Chapter 11 proceeding --- First Day Dec
(DBN)

Sabine Oil & Gas draws full revolver amount; receives default notice
(DBN)

Oil Driller Energy XXI Seeks Junk Bonds to Head off Bank Squeeze
(DBN)

Gulf Projects Saved From Brunt Of Oil Price Storm
(DBN)

Oil producer Afren defaults on 2016 bonds, shares fall
(DBN)

Who's the Next Offshore Driller to Go From Hero to Zero?
(DBN)

PetroSA contemplates job cuts --- PetroSA employees still in the dark over retrenchments
(DBN)

Mexico preparing for low oil prices ; crude output fall
(DBN)

____________

Fraud:

PwC, Citco Must Face Madoff Feeder Fund Class Action
(DBN)

Financial watchdog hasn't barred any brokers who worked at 'Wolf of Wall Street' firm
(DBN)

One of Madoff's former employees is heading to federal prison, and she asked me for advice
(DBN)

Judge calls out Rennert's legal team as ‘devious at worst’
(DBN)

____________

Aviation:

Norwegian Air Shuttle grounded by pilot strike
(DBN)

Emirates Airline president plans talks in Washington over subsidy row
(DBN)

Airlines Monkeying with Frequent Flier Miles
(DBN)

Skymark Airlines Sees Profit by July on Cost Reductions
(DBN)

____________

Currency:

One year later, we're no closer to finding MtGox's missing millions
(DBN)

____________

Banking:

The fallout from Frontier Bank failure
(DBN)

U.S. banks plead for more tailored approach to Fed stress tests
(DBN)

____________

Politics:

Democrats Aren’t Rushing To Defend Hillary Clinton
(DBN)

John McCain's explanation for why he doesn't use email is absolute gold
(DBN)

____________

Personal Finance:

3 biggest money mistakes made by each generation
(DBN)

A statistician figured out the perfect amount to put on a subway card so you'll never have left over change
(DBN)

____________

Telecoms:

LightSquared judge lets trial on bankruptcy plan proceed
(DBN)

____________

New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (14 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)

______________

Bankruptcy Statistics:

Bankruptcy Filings Continue Year-Over-Year Decline, But Rise 10 Percent Monthly --- February Bankruptcy Filings Decrease 13 Percent From 2014 --- February Chapter 11 Filings Down 25%
(DBN)

Alabama among states with highest bankruptcy filings per capita
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

One Shining Moment: March Madness Is Here!
(DBN)

____________

Mootness:

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

____________

Petition Preparers:

Legitimizing Bankruptcy Petition Preparers
(DBN)

____________

Proofs of Claim:

Circuit Court Rejects FDCPA Claim Based on Alleged Invalid Proof of Claim
(DBN)

____________

Settlements:

Third Circuit Finds That If the Settlement Does Not Fit, You Must ... Revisit
(DBN)

____________

TBTF:

US Fed struggled with 2009 bailouts, bond-buying US Fed struggled with 2009 bailouts, bond-buying --- Transcripts: Bernanke was 'uncomfortable' with Bank of America bailout
(DBN)

Global Bail-In Plan Could Still Leave Taxpayers Holding the Bag
(DBN)

The Biggest Banks Aren't Ready to Shrink
(DBN)

____________

Insurance:

When a Non-Executory Insurance Policy Is Assumed: A Case Study
(DBN)

Insurers say driverless cars could hurt business
(DBN)

____________

Autos:

Federal Reserve kept close eye on auto decline in '09
(DBN)

____________

Gambling:

Trump Entertainment's Fight with Union Heads to Appeals Court
(DBN)

Caesars Files Plan Shows No Creditor Recoveries
(DBN)

Caesars' Junior Creditors Can Keep Voice in Case
(DBN)

Bankrupt Caesars unit gets court's OK to use cash, for now; examiner decision delayed
(DBN)

Caesars OpCo seeks REIT path to exit bankruptcy --- What can a REIT do for Caesars Entertainment?
(DBN)

Las Vegas Giant Caesars Entertainment Begins Sell-Off --- Caesars selling Horseshoe properties
(DBN)

More opposition than ever expected at Revel sale hearing --- Revel sale hearing starts amid firestorm of opposition --- "82 million reasons" for sale to Straub, Revel attorney says
(DBN)

Judge declines to approve Revel sale --- Judge tells Atlantic City's Revel Casino to seek higher bid
(DBN)

____________

Healthcare:

Doctors Medical Center remains in near-death state
(DBN)

UMC open to mediation with El Paso Children's Hospital
(DBN)

____________

Lehman:

Lehman Settles Lawsuit Against N.Y. Giants
(DBN)

____________

Student Debt:

This Fed Official Just Perfectly Described Why Student Loans Are a Terrible Investment For Taxpayers
(DBN)

____________

Furniture:

Carolina Mattress inventory deemed unsafe; company seeks emergency sale --- Judge OKs emergency Carolina Mattress asset sale
(DBN)

____________

Sovereign:

A Fair Hearing for Sovereign Debt
(DBN)

____________

UK:

The Bank of England is being investigated by the Serious Fraud Office
(DBN)

____________

EU:

With Negative Rates, Europe Is Entering a No-Default World
(DBN)

Euro plumbs 11 1/2-year low as details of ECB's quantitative easing plan awaited
(DBN)

____________

PIIGS:

Can Greece avoid going bankrupt this month?
(DBN)

ie: Life, Death and Debt
(DBN)

ie: Both debtor and bank must face a new reality after bankruptcy
(DBN)

Limerick solicitor Brian O'Donnell leaves €6m mansion
(DBN)

____________

Germany:

German industrial orders plunge, darkening Q1 growth outlook
(DBN)

____________

France:

French unemployment just smashed to a record high
(DBN)

____________

Russia:

Moscow's half-empty $12 billion financial district looks worse than you imagined
(DBN)

____________

Ukraine:

Worry for Ukrainians as banks shut doors amid financial turmoil
(DBN)

Budget and reform plans put Ukraine on track for IMF aid, says G7
(DBN)

____________

Indonesia:

Hedge Funds Seek To Quash Indonesia Bakrie Telecom Ruling
(DBN)

____________

Japan:

Sharp planning to tap banks for second bailout in three years
(DBN)

____________

China:

China signals "new normal" with higher spending, lower growth target
(DBN)

____________

Brazil:

Brazil’s currency plunges to 10-year low
(DBN)

Brazil's Rousseff races to contain Congress revolt over austerity
(DBN)

____________

Finland:

Finland's Tecnotree applies for debt restructuring
(DBN)

____________

 


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