March 6, 2015

The Daily Bankruptcy News

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Law:

Dewey finance department was overwhelmed and sloppy, ex-COO says; defense is buoyed by statements
(DBN)

Dentons and McKenna Long reportedly resume merger talks
(DBN)

Paul Hastings Chairman: All Boats Are Not Rising
(DBN)

A 24/7 job? It’s reality when you chair a global law firm; Ambien, exercise and Zen may help
(DBN)

Bankruptcy lawyer Neil Smith elected partner at Mackenzie Hughes
(DBN)

McKenna Long, Dentons Looking to Merge Again
(DBN)

Arnstein & Lehr Names Bankruptcy Lawyer As New Firm Leader In Chicago
(DBN)

Debevoise Delivers Solid Revenue, Profit Growth
(DBN)

Proskauer Profits Hit New High
(DBN)

Weil’s UK revenue hits $125m as global PEP soars by 16 per cent
(DBN)

General Electric GC: Biggest Budget Woes Aren’t Fees
(DBN)

DLA Posts Record Profits Despite Flat Revenue
(DBN)

Arnold & Porter's Modest Growth Still Made for Strong Year
(DBN)

Which Law Firms Are Considered Some Of The ‘Best Companies to Work For’?
(DBN)

The Declining Scale of the ‘Law School Industry’
(DBN)

Third-year student at Maine Law honored as ‘Distinguished Bankruptcy Law Student’
(DBN)

As A Junior Lawyer, Your Attitude Matters A Lot More Than You Think
(DBN)

Assuring Our Law School Grads Are Competent Lawyers
(DBN)

Law Firms to Form Cybersecurity Alliance
(DBN)

More Law Firms To Face Suits Over Sensitive Client Data
(DBN)

Integreon Exec: Big Data Still ‘Futuristic’ for Law Firms
(DBN)

Mobile Lawyering: 3 Risks and 3 Solutions
(DBN)

Why Apple won't put bigger batteries in the iPhone even though it improves battery life
(DBN)

The Best Touchscreen Winter Gloves
(DBN)

UK: Reports of fake law firms double
(DBN)

Gibson Dunn partner quizzed over fake grenade attack evidence
(DBN)

Atty Says Orrick Got Him Fired After Failed DQ Bid
(DBN)

Hogan Lovells partner plays himself in House of Cards
(DBN)

Attorney who tried to have rival attorney killed sentenced to at least six years
(DBN)

Summer Associate Hiring Increases for Fifth Straight Year --- Summer Associate Hiring: Is It Making A Comeback?
(DBN)

New Bankruptcy Trustee Will Have To Barge In
(DBN)

Everything a modern gentleman should know about buying a suit
(DBN)

Here's how to properly shake hands in 14 different countries
(DBN)

Science says that charisma can be learned — here are 9 proven strategies
(DBN)

Man drives truck with dead neighbor to lawyer’s office, says he killed in self-defense
(DBN)

Better Call Saul Is Better Than Most In Depicting Life As A Lawyer
(DBN)

Ex-NFL star's car matched tracks at murder scene, police testify
(DBN)

A $60,000 speeding ticket
(DBN)

Neighbor Hell: Frat terrorizes couple with endless parties
(DBN)

DLA lawyer sues hospital after appendix blunder left her infertile - Hospital defends: Kids would have messed up her law career
(DBN)

States Weigh Legislation to Let Businesses Refuse to Serve Gay Couples
(DBN)

Lawyers 'are using threats to stop negative client reviews'
(DBN)

Say What?!
(DBN)

______________

Judges:

Justice Who Once Tried to Kill Obamacare Now Potential Savior
(DBN)

John Roberts in the hot seat: Now it’s his fellow conservative justices playing political games with him --- Reading Chief Justice Roberts isn't easy when weighing Obamacare
(DBN)

Roy Moore: Two U.S. Supreme Court justices should abstain from gay marriage vote
(DBN)

I Was Alabama’s Top Judge. I’m Ashamed by What I Had to Do to Get There
(DBN)

You Must Watch The Notorious R.B.G. Make Fun Of Scalia
(DBN)

Justice may be deposed in suit claiming State Farm orchestrated his election, judge rules
(DBN)

Federal judge shot outside home in Detroit
(DBN)

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Wall Street:

US Stock Futures Mixed, All Eyes On Jobs Data
(DBN)

Stocks close higher, break 2-day losing streak
(DBN)

S&P 500 earnings point to correction --- Three things most likely to kill the bull
(DBN)

Goldman Shareholders’ Hope for Bigger Payout Is Dashed by Fed
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Tech:

Cuban: Tech is a bubble, and it’s worse than 2000’s
(DBN)

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Furniture:

Sport-Haley Holdings Files Voluntary Chapter 11 Petition to Address Chromcraft Subsidiary Challenges
(DBN)

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Construction:

Judge rules against Truland Group Inc. CEO Robert Truland, wife in lawsuit following bankruptcy
(DBN)

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Retailing:

SEC Discloses Investigation of Xhibit Corp. in Objection to SkyMall Bankruptcy Sale
(DBN)

____________

Shipping:

Shipping firms’ recovery stymied by drop in dry-cargo transport prices
(DBN)

Morgan Stanley possible target for lawsuit over OW Bunker float
(DBN)

____________


Economy:

US factory orders fall for sixth straight month
(DBN)

US jobless claims rise; fourth quarter productivity revised down --- Jobless claims hit highest level since May
(DBN)

Weather expected to temper latest hiring numbers
(DBN)

Employers cut 50,579 jobs in Feb: Challenger
(DBN)

American workers are less productive and better compensated than we thought
(DBN)

Temp jobs are a growth industry
(DBN)

NYC Mayor de Blasio Urges Business Leaders to Start Pay at $13 an Hour
(DBN)

New Study on Generation Finances Shows Challenges Since Great Recession
(DBN)

New York Fed not regulating Wall Street --- Missteps, consolidation eroded New York Fed authority over banks
(DBN)

Janet Yellen Is a Wizard Who Knows the Future
(DBN)

Class 8 Truck Orders Best in 9 Years
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

More troubling signs point to potential increase in defaults
(DBN)

The Pre-Recession Housing Problem That's About to Slam Homeowners
(DBN)

Erasing The Invisible Line In The Sand: The Need To Amend Section 1307(C) Of The Bankruptcy Code To Establish A Statutory Basis Of Bad Faith And Dismissal In Foreclosure Driven Chapter 13 Cases

US average rate on 30-year home loan drops to 3.75 percent
(DBN)

NY appeals court approves Countrywide’s $8.5B settlement --- BofA Countrywide Deal Approval May Help JPMorgan, Citi Deals
(DBN)

Boston housing market slowdown isn’t the weather
(DBN)

JP Morgan Chase Settles Robo-Signing Charges For $50 Million, Tax Deductible
(DBN)

____________

Municipalities:

Who Bears the Burden? The Place for Participation of Municipal Residents in Chapter 9
(DBN)

Detroit council president, clerk seek pay raise
(DBN)

Detroit narrative turns on redemption, change
(DBN)

Public pensions, once thought bulletproof, taking hits across the country
(DBN)

Scranton council OKs revised recovery plan
(DBN)

Attorney: Fees following immigration trial would bankrupt Hazleton
(DBN)

Welcome to the Neighborhood: The Rise (and Rise) of Suburban Poverty
(DBN)

Why on earth is everyone moving to Texas? --- Food stamp use increasing in Texas --- U.S. urbanization: Big cities are booming
(DBN)

TX: Rising Local Debt Draws Attention of Legislature
(DBN)

____________

Oil/Gas:

Thurs. P.M.: Oil up despite strong dollar, US stance on Iran
(DBN)

Thurs. A.M.: Crude oil retreats as Libyan production woes boost Brent
(DBN)

Opportunities in Distressed Markets: Insights into the Acquisition and Divestiture Process
(DBN)

Impact of Declining Oil Prices - Global Trends
(DBN)

7 Energy Stocks That Look Cheap Due to Bankruptcy Fears
(DBN)

Another 18,299 jobs were lost in February because of crashing oil prices
(DBN)

Low Oil Prices Blamed for More Than a Third of Job Cuts
(DBN)

Where Have All The Rigs Gone?
(DBN)

Credit Suisse thinks oil prices could fall as the market approaches 'super contango'
(DBN)

Which Oil Producer Is Next to Fall After SandRidge Energy
(DBN)

Calgary housing market a canary in the shale mine?
(DBN)

Oil bust threatens mortgage-backed securities in Wall Street-funded shale towns
(DBN)

Libya says 11 oil fields non-operational after Islamic State attacks --- Libya Declares Force Majeure on Oil Fields
(DBN)

____________

Personal Finance:

Here are some ridiculous things you can buy if you have boatloads of money
(DBN)

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Food/Beverage:

Miami-based restaurant operator files for bankruptcy
(DBN)

____________

Autos:

Chassix Inc. given more time to work out debt problems
(DBN)

GM Case Highlights Thorny Due Process, Bankruptcy Issues
(DBN)

____________

Pensions:

How Corporate Pension Plans Help Restructure Firms In Financial Distress
(DBN)

Health care for retired Texas teachers facing huge deficit
(DBN)

____________

Fraud:

Oil CEO’s Jail Time Won’t Bring Citi’s Mexico Money Back
(DBN)

Ira Rennert Could Owe Shareholders $700 Million, Judge Throws Out Mistrial Request
(DBN)

Snuggie maker pays $8 million to settle fraud charges
(DBN)

Dan Laikin agrees to settle Fair Finance suits for $3.5M
(DBN)

Government Blasts Stanford's Appeal Of 110-Year Sentence
(DBN)

Venture Capitalist In Multimillion Ponzi Scheme Using Twitter & Uber Bait
(DBN)

New Way Scammers are Fleecing America
(DBN)

____________

Soccer:

Parma auction deserted
(DBN)

____________

Aviation:

Eastern Air Lines: Ready to Fly Again?
(DBN)

____________

Education:

Sweet Briar College to Close; Who Gets the $80 Million Endowment?
(DBN)

Everest College students, staff hope potential purchase deal goes through
(DBN)

____________

Electronics:

Sharp asks turnaround fund for help, on top of aid from banks -source
(DBN)

____________

 


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 (30 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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 Down Again 10.1% in February 2015
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Personal Bankruptcy:

CTRL+ALT+DELETE: Does the Bankruptcy Code Need a Reboot? The Eligibility of Consumer Digital Goods for Liquidation
(DBN)

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Plan Confirmation:

Del. District Court Upholds Use of Pre-Confirmation Tender Offers
(DBN)

Interpreting Finality in § 158(d): Whether an Order Denying Confirmation of a Debtor's Reorganization Plan Should Be Considered Final or Interlocutory for the Purpose of Appeal
(DBN)

____________

Awards:

Shapiro Award for Consumer Bankruptcy Writing
(DBN)

Shapiro Award for Corporate Bankruptcy Writing
(DBN)

David Epstein Receives Tribute Award From Emory --- And Keith Shapiro
(DBN)

____________

Avoidance Actions:

Avoiding the Avoid: Re-securing the Mortgage Lender Post-BFP
(DBN)

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Lien-Stripping:

Supreme Court to Decide on Lien Stripping in Chapter 7
(DBN)

____________

Property of the Estate:

#Bankruptcy: Reconsidering ¿Property¿ To Determine The Role of Social Media in the Bankruptcy Estate
(DBN)

When an Alleged Wrong Becomes a Protected Right: Casey Anthony's Life-story and Future Book Rights Are Property of the Bankruptcy Estate
(DBN)

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Cleavage:

Not Just Anna Nicole Smith: Cleavage in Bankruptcy
(DBN)

____________

Deadlines:

Technical Difficulties, Efforts to Avoid Overtime Work Do Not Excuse a Missed Filing Deadline
(DBN)

____________

Litigation:

Five Strategies to Get a Better Deal in Mediation
(DBN)

____________

Alternative Energy:

A Flighty Wind - Thanks to government gridlock, the wind energy industry is grinding to a halt
(DBN)

Maui solar firm that helped install Ala Moana Center's PV system files for Ch. 11 bankruptcy
(DBN)

____________

Healthcare:

Good news for unionized healthcare facilities in bankruptcy
(DBN)

Obamacare fixed US healthcare inflation
(DBN)

____________

Banking:

Banks clear first phase of Fed stress testing --- Fed Stress Tests Show 31 Largest Banks Meet Capital Goals --- The Fed stress tested 31 big banks and everyone passed. Don’t you feel better now?
(DBN)

____________

Hats:

The maker of the world’s coolest hats is heading toward bankruptcy
(DBN)

____________

Gambling:

Revel's main lender warns of possible liquidation
(DBN)

Revel's bidding war on horizon?
(DBN)

____________

Consumer Finance:

Subprime Consumer Lenders Will Learn Their Lesson the Hard Way
(DBN)

____________

Sovereigns:

Griesa-Proof Bondholders Unfazed by Sale Halt
(DBN)

Ukraine: Creditors organize ahead of restructuring --- Rothschild looks to organize Ukraine bondholders ahead of talks
(DBN)

Another three of Ukraine's banks bite the dust, NBU reports
(DBN)

____________

EU:

Draghi Declares Victory for Bond-Buying Before It Starts
(DBN)

The European Union Reaches Agreement on New Insolvency Regulation
(DBN)

EU discontent over French budget deal's 'political bazaar'
(DBN)

Land 'o lenders: If you’ve got bonds, Europe’s got buyers
(DBN)

____________

PIIGS:

ECB poised to raise funding for Greek banks as euro falls to 12-year low
(DBN)

German Finance Ministry: Greece Has Paid Back €360 Mln in Interest
(DBN)

ie: Bankrupt property tycoon likened to Walter Mitty in eviction fight --- ie: Farce and drama as Brian O’Donnell complains of Gorse Hill ‘circus’
(DBN)

ie: 'We are facing a tsunami of home repossessions - the law needs to change'

____________

Canada:

Target Canada debt claims questioned
(DBN)

____________

Nigeria:

As World’s Hottest Economy Unravels, Nigerians Feel the Squeeze
(DBN)

____________

Russia:

Amendments to insolvency law
(DBN)

The Russian state can no longer afford to pay its own salaries
(DBN)

____________

China:

China's Kaisa to unveil offshore debt restructuring plan on March 9
(DBN)

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