May 11, 2015

The Daily Bankruptcy News

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Law:

Legal Services Sector Added 2,300 Jobs in April Layoffs Increase Legal sector in expansion mode
(DBN)

Jury Selection Completed for Dewey & LeBoeuf Criminal Trial
(DBN)

Four Practice Areas To Watch
(DBN)

Law Firms Hit Snag in Q1
(DBN)

Cravath’s Levin to Join Jenner & Block
(DBN)

Curtis Mallet Elevates Two Bankruptcy Attorneys To Counsel
(DBN)

Former Maine Aquarium owner suing bankruptcy lawyer
(DBN)

Orrick Gives Working Moms a Lift With New Parental Leave Policy Why women struggle at work
(DBN)

All The Chest Hair: A Russian Law Firm’s Website
(DBN)

NY Senate majority leader is on leave from his law firm job after arrest
(DBN)

Without Their Own Secretaries - Lawyers Lose Confidants, Buffers, Status
(DBN)

Project attorney’s ADA suit says Pepper Hamilton didn’t accommodate his sleep disorder
(DBN)

Swimming Lessons for Baby Sharks – Practical Advice For New Lawyers
(DBN)

US law firms less likely to conduct client feedback than globally
(DBN)

What Law Students And Young Lawyers Can Learn From NBA MVP Stephen Curry
(DBN)

Charleston School of Law May Suspend Enrollment The Charleston Saga: The Embodiment of Lucre and Malice
(DBN)

UMass Law School Cuts Incoming Class By 33%, Faces $3.8 Million Deficit UMass Law School = Distressed Entity
(DBN)

Crying Rooms - Financially Distressed Law Schools Might Install Them As Profit Centers
(DBN)

Law Student Gets Scholarship To Play Big East Ball
(DBN)

Competitive Scholarships, Mandatory Courses, and the Costs and Benefits of Disclosure More on Conditional Law School Scholarships
(DBN)

Texas A&M Law School Dean Is Still Cheerful About The Future Of Legal Education
(DBN)

After Seizing Couple’s Bank Accounts, Prosecutors Abandon Forfeiture Case
(DBN)

Walking the Tightrope: Responding to a Client's Online Criticism
(DBN)

Court ruling against NSA practice could reverberate far beyond phone spying
(DBN)

Second-Tier Firms Strike Back
(DBN)

Faegre Baker CIO Says Lawyers Need to Learn Tech
(DBN)

Investments Drive Growth at Haynes and Boone
(DBN)

Billable Hour’s Death Greatly Exaggerated
(DBN)

Why Some Men Pretend To Work 80-Hour Weeks
(DBN)

Restructuring Professionals: Prepping for the ’Perfect’ Pitch
(DBN)

15 tricks that will make you appear smarter in emails
(DBN)

How anyone can become a master networker
(DBN)

Value is a moveable feast
(DBN)

This video can help you figure out if you're the coworker everyone hates
(DBN)

How to know if you're a psychopath
(DBN)

Can wearing a suit make you less effective?
(DBN)

Here's the right way to give a proper handshake
(DBN)

Chasing the Myth of Work-Life Balance
(DBN)

10 sentences excellent speakers never say
(DBN)

Peeping Tom Attorney Can Lawyer No More
(DBN)

How Does The Law End Up On Television?
(DBN)

Judge Declares Mistrial in Etan Patz Case; Jury Entered 17th Day Jury Divided 11-to-1
(DBN)

Nine Georgia deputies fired over black inmate's death
(DBN)

After Freddie Gray death, US starts civil rights probe of Baltimore police AG Loretta Lynch announces ‘pattern and practice’ probe of Baltimore police practices
(DBN)

Cops charged in Freddie Gray death say prosecutor was trying to 'quell raging inferno' and needs to be recused
(DBN)

Woman sues Verizon Wireless, claims a customer service call led to her heart attack
(DBN)

Patriots fear lengthy suspension for Brady... 6 to 8 games? Tom Brady's Footballs Trigger College Course on Deflategate
(DBN)

Judge may allow video of paralegal at trial of 3 lawyers accused in DUI setup of opposing counsel
(DBN)

Man Accused of Trying to Murder His Wife With a Defective Parachute
(DBN)

Woman Allegedly Put . . . in Family's Milk
(DBN)

Who is Threatening Texas?
(DBN)

Say What?!
(DBN)

______________

Judges:

Chief Justice John Roberts Comes Out
(DBN)

Supreme Save the Date
(DBN)

Is this the most inappropriate gavel ever?
(DBN)

Justices Scarce on The Commencement Scene This Year
(DBN)

Bankruptcy trustee says she’s most qualified for Common Pleas Court
(DBN)

How to Clear a Room: Bankruptcy Court Reduces Rent and Long-Term Storage Costs
(DBN)

6th Circuit: Federal judge abused discretion by refusing to let law firm withdraw in civil case
(DBN)

Destruction of the Wisconsin Supreme Court
(DBN)

______________

Wall Street:

US stocks : Futures dip as markets struggle to build on post-jobs gains
(DBN)

Buffett: Stocks won't look cheap if interest rates rise
(DBN)

The disconnect in the US stock market just keeps getting bigger
(DBN)

Collapse of Bond Market to Hit Stocks Next
(DBN)

As one bull run winds down, another may be born
(DBN)

Wall Street's jobs rally looks set to peter out
(DBN)

______________

Layoffs:

Strong U.S. dollar pressures jobs at exporters
(DBN)

Nearly 500 Labinal Power Systems layoffs to start in July
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Turnarounds:

Kodak CEO Jeff Clarke on What It Takes to Turn Around a Fallen Brand
(DBN)

Study: Chief Restructuring Officers (CROs) are more in demand than ever
(DBN)

___________

Awards:

Lisa J. Donahue Honored By Her Justice (scroll down)
(DBN)

____________

Gambling:

School funding at stake in casino debate
(DBN)

Caesars Bankruptcy Doesn't Hinder Best Revenue Postings Since 2008
(DBN)

Officials hold closed meeting on fate of former Showboat
(DBN)

Investors Are Placing New Bets on a Las Vegas Rebound
(DBN)

____________

Aviation:

Will Gulf Carriers Triumph Over US Airlines In The Subsidy Row? - Bankruptcy = "Subsidy"
(DBN)

Flight Attendants Fail to Wrest Back Their Right to Give You a Hard Time
(DBN)

____________

Telecoms:

What RCC Consultants' Chapter 11 bankruptcy filing means to customers
(DBN)

____________

Celebs:

Lenny Dykstra Trades Barbs With Mitch Williams in Philly Sports Roast
(DBN)

Teresa Giudice’s Jersey Shore Home Going To Foreclosure Auction
(DBN)

Courtney Love Allegedly Owes Insane Amount of Money to Her Psychiatrist
(DBN)

____________

Bankruptcy Crimes:

SA businessman indicted in tax, bankruptcy fraud schemes
(DBN)

____________

Theatre:

Surflight Theatre to be liquidated in bankruptcy auction
(DBN)

____________

Paper:

Great Northern Paper bankruptcy creditors receive nearly $3 million
(DBN)

____________

Mail:

Post Office Reports $1.5 Billion Loss in Q1
(DBN)

____________


Economy:

World interest rates have only been this low 3 times since 1522
(DBN)

Janet Yellen is losing patience
(DBN)

Robert Shiller: I think Janet Yellen did the right thing
(DBN)

Most of America's Unemployed Are from 16-34 Age Group - Pew Unemployment rate falls to 5.4% Americans are coming back into the workforce at a near-record rate Wages... Meh How ‘good’ is jobs report when 15 million want work? The Pain That the Job Numbers Don't Show
(DBN)

Millennials have come all the way back
(DBN)

World interest rates have only been this low 3 times since 1522
(DBN)

What retail sales report will tell us about the economy
(DBN)

Fed faces limits on crisis lending powers... Bipartisan proposal to stop 'backdoor bailouts' Bills to Rein in Fed Take Shape as Lawmaker Criticism Mounts
(DBN)

Annaly CEO: Blame Fed policy for failed economic recovery
(DBN)

Unemployment drops to lowest level in 7 years -- so why are investors worried?
(DBN)

Social Security's Demise Is Much Closer Than You Think
(DBN)

How much the average member of the 1% makes in every state
(DBN)

Time to heed the alarms on junk bonds
(DBN)

Companies authorize record buybacks in April
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Rents rise as millennials keep forking over the cash
(DBN)

Green Tree mortgage servicer accused of abusing customers with profanity, name-calling, inflated payments, lies
(DBN)

American Homes 4 Rent revenue explodes in first quarter
(DBN)

Silver Bay first-quarter revenue jumps 23%
(DBN)

MGIC reports fewer delinquencies on file in April
(DBN)

FHFA: HARP now extended through 2016
(DBN)

FL: Beware the zombie (houses)
(DBN)

___________

Municipalities:

What are the chances of Atlantic City going bankrupt ? Atlantic City faces massive layoffs
(DBN)

San Bernardino to release bankruptcy exit plan on May 14
(DBN)

Firefighters need to start cooperating with bankrupt SB
(DBN)

Illinois Supreme Court Strikes Down Law to Rein in Public Sector Pensions Illinois Bid to Solve $111 Billion Pension Shortfall Is Dead
(DBN)

Court Pension Smackdown Toughens Job for U.S. Governors, Mayors
(DBN)

Detroit: 25,000 households face water shutoff this month
(DBN)

Puerto Rico braces for austere budget amid cash shortfall
(DBN)

Assured CEO Says Puerto Rico Bankruptcy Bill Is Wrong Plan
(DBN)

Why Chicago is not 'the next Detroit'
(DBN)

Cities And States Are Making Risky Bets To Cover Pension Costs
(DBN)

____________

Politics:

Congress Tells Court That Congress Can't Be Investigated for Insider Trading
(DBN)

Michigan Governor Rick Snyder Won't Seek the White House
(DBN)

Student loans and the presidential race
(DBN)

Scott Walker's New Flip-Flop: He Now Supports Auto Bailouts?
(DBN)

Here's who Wall Street really wishes would run for president
(DBN)

Clintons not as well-off as predecessors
(DBN)

Fact Check- Cary Fiorina: "We doubled the size of the company (Hewlett-Packard)."
(DBN)

Bush courts evangelicals, defends religion in public life
(DBN)

____________

Education:

Colleges try to lure Corinthian students
(DBN)

Obama Administration Improperly Denies Student Loan Debt Relief
(DBN)

Senators Urge Secretary of Education Arne Duncan to Provide Support to Students Affected by the Closure of Corinthian Colleges
(DBN)

Government must stay tough on for-profit colleges
(DBN)

For-profit college shutdowns cap $8 billion market-value plunge Decline in For-Profit Colleges Takes a Big Toll on Their Stocks
(DBN)

New owners pledge cheaper, better Everest U.
(DBN)

Christians schools will have no choice about gay marriage
(DBN)

The Radio Shack Phenomenon and the Future of Private Independent Higher Education
(DBN)

____________

Student Debt:

Class of 2015 setting a record for student debt
(DBN)

____________

Television:

Cable news is in trouble, and it’s more about the news than the cable
(DBN)

___________

Religion:

Parishes get role in archdiocese bankruptcy
(DBN)

Lawyers in Milwaukee bankruptcy proceedings threaten to drag out litigation
(DBN)

____________

Horse Racing:

Bankrupt Chicago Horse-Racing Tracks Look for Buyers
(DBN)

____________

Retailing:

RadioShack - Bankruptcy Court Implicitly Recognizes Enforceability of Agreement Among Lenders But Limits Coverage of First Out Contingent Indemnification Claims
(DBN)

RadioShack Intellectual Property Hits Auction Block Monday
(DBN)

What Could RadioShack's Bankruptcy Mean For Best Buy?
(DBN)

RadioShack Failure Still Haunts HRG as Two Units Take Losses
(DBN)

Wage increases in focus ahead of retail earnings
(DBN)

____________

Healthcare:

Interfaith Medical Center Survives Bankruptcy with State Support
(DBN)

Louisiana healthcare on the state budget chopping block
(DBN)

____________

Corporate Reform:

Dodd-Frank Supporters Say Safer System Justifies Cost of Regulation
(DBN)

Krugman: Wall Street Vampires
(DBN)

____________

Oil/Gas:

Turnaround titan takes his talents to troubled EXCO
(DBN)

10 Things to Know Before Investing in Distressed Energy
(DBN)

American Eagle Energy Files For Bankruptcy Protection
(DBN)

Crude-oil futures push lower after China cut
(DBN)

The tumble in US oil rigs slowed again last week Oil rig count falls to lowest since late 2010
(DBN)

More oilfield jobs lost despite modest rebound in crude prices
(DBN)

Rescinded Job Offers Now Hit Petroleum Engineer Graduates - Remembering "Def Land" In Legal Sector
(DBN)

The shale boom? It looks a lot like the dot com bubble, not the financial crisis
(DBN)

Goldman: 'Yields have been strongly linked with crude...'
(DBN)

Boone Pickens bets on rising oil prices and Bush
(DBN)

____________

Fraud:

Madoff Trustee Seeks Supreme Court Review of Second Circuit's Decision Shielding Customer Payments from Avoidance
(DBN)

Bernie Madoff's Second-in-Command Dies Before Sentencing
(DBN)

As Incarcerated Borrower Accuses Bank Of Forgery, Bank Demands Prison Hearing
(DBN)

Court appearance postponed for ZeekRewards.com founder
(DBN)

$9 Million Sought From Alleged Madoff Feeder Funds
(DBN)

The Collapse of MF Global: What Happened and Lessons Learned
(DBN)

Wells Fargo Settles Florida Ponzi Case For $3.175 Million
(DBN)

____________

Food/Beverage:

McDonald's Key Sales Figure Dips in April McDonald's should fear its franchisees
(DBN)

Blue Bell Didn't Tell FDA About Listeria
(DBN)

____________

Waste:

City's recycling is trashed as cheap oil sinks plastic
(DBN)

____________

Agriculture:

Manatee tomato farm companies file for bankruptcy
(DBN)

____________

Bankruptcy Music:

That New Song About Bills
(DBN)

____________

Construction:

IBC Files for Bankruptcy , Owes GovGuam $4.7M
(DBN)

____________

Electricity:

Bill Gates' fund would get power plants in Optim bankruptcy plan
(DBN)

____________

Weather:

Arizona Water Shortage Worse Than Calif.
(DBN)

____________

 


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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:

NM debtors tend to shun filing Chapter 13
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Bankruptcy Reform:

ABI Commission Report – Third-Party Releases in Plans
(DBN)

Debtor's Prison in the Neoliberal State: 'Debtfare' and the Cultural Logics of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
(DBN)

Swords, Shields, and Shackles: Human and Corporate 'Persons' Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
(DBN)

____________

Professional Compensation:

Restructuring firm sent Standard Register a hefty bill for April
(DBN)

____________

Plan Confirmation:

Supreme Court Weighs-In on the Finality of Confirmation Orders (Part 2)
(DBN)

____________

Discharge:

Move by 2 big banks could help some consumers When Will Bank of America Get the Hint? Taking Advantage of Customers Isn't Good for Business
(DBN)

____________

Standing:

Fleshing Out Creditor Derivative Standing in Delaware
(DBN)

____________

Avoidance Actions:

Bankruptcy Court Orders Bank to Disgorge Over $1.5 Million for Allowing Account Overdrafts
(DBN)

____________

TBTF:

The US government's not-so-secret plan to break up the banks?
(DBN)

Mixed Messages Regarding OLA
(DBN)

Feds Move to Dismiss MetLife Suit Over 'Too Big to Fail'
(DBN)

____________

Insurance:

Deloitte cleared in $850 million lawsuit
(DBN)

___________

Mass Torts:

BP wins right to appeal some Gulf spill damages claims
(DBN)

Texas Considers Asbestos Transparency Legislation
(DBN)

____________

Personal Finance:

The 9 biggest mistakes people make in their 30s
(DBN)

6 common interview mistakes that could cost you the job
(DBN)

The worst things to buy in May
(DBN)

__________

Coal:

Walter Energy fighting to stay afloat financially Walter Energy Plans to Make Payment on Debt Offering Walter Energy to pay high yield bond coupons as revamp talks continue Walter Energy's future uncertain as major financial deadline looms
(DBN)

____________

Debt Collection:

The Right Way to Execute a Writ in the Western District of Michigan
(DBN)

____________

Amusement Parks:

Conneaut Lake Park creditors push to see payment plan
(DBN)

Conneaut Lake Park's future in court's hands today
(DBN)

____________

Museums:

Report lashes Young At Art Museum as financial failure
(DBN)

____________

Sovereigns:

Gov't to file complaint against NML for Belgium seizure attempt
(DBN)

Belgium proposes to fight 'vulture’ funds praying on indebted developing countries
(DBN)

'Vulture' fund warns of more embargoes of Argentine assets
(DBN)

____________

UK:

R3 calls on Conservatives to secure 'no win no fee' arrangement
(DBN)

Questions over bankrupt property boss
(DBN)

Supreme Court considers place of “establishment” in Olympic Airlines appeal
(DBN)

Tory win sounds death knell for criminal bar, predicts top QC
(DBN)

‘Free Chambers’? Disgruntled lawyer edits Wikipedia page of new Justice Secretary Michael Gove
(DBN)

____________

EU:

London Calling: Pre-Pack Administrations and Progress of the European Cross Border Insolvency Regulation Reforms
(DBN)

____________

PIIGS:

Greece says deal will be 'difficult' at Eurogroup meeting German, Greek finmins to talk before Eurogroup meeting-German spokesman Merkel Pressed to Give Up Greece as Germans Urge Strong Euro
(DBN)

Germany sees no Greek debt deal on Monday, warns against default 'Groundhog week for Greece' — analysts downbeat Euro dips on Greek fears ahead of key meeting Germany's Schaeuble warns of Greek 'sudden insolvency' risk Documents Distributed by Greece's Yanis Varoufakis Baffle Eurozone Officials Greece could exit EU if fails to end bankruptcy Making Sense of the Options for Greece Greece out of time and out of money yet remains defiant Greece still hopeful of positive statement from Eurogroup meeting I.M.F. and Central Bank Loom Large Over Greece's Debt Talks Greek leader faces revolt by party hardliners as debt showdown looms Greece seemingly has no Plan A or Plan B Making Sense of the Options for Greece
(DBN)

Gayle Killilea in new bid to save her €100m 'gift'
(DBN)

Plan to stop banks vetoing debt deals 'a game changer'
(DBN)

____________

Canada:

Lac-Mégantic disaster class-action suit gets green light
(DBN)

Major miner in B.C., on verge of bankruptcy, says overdue payments coming
(DBN)

Wal-Mart, Canadian Tire buy some Target spots in Canada
(DBN)

The debt ‘crisis’ in Canada? If your paycheque is $100,000 plus, that means you
(DBN)

____________

Germany:

Refinancing and Restructuring of German Mittelstandsanleihen (Minibonds)
(DBN)

____________

China:

China Cuts Rates to Halt a Slide in its Economy China’s high-risk rate cuts aren’t working
(DBN)

Another Chinese Firm Defaults on Its Dollar Bond
(DBN)

China's Total Debt Load Now Over 280% Of GDP
(DBN)

China Car Sales Slowest Since February 2013
(DBN)

____________

Cyprus:

Loan restructuring should proceed more rapidly says House President
(DBN)

Cyprus confident next bailout review will be positive
(DBN)

____________

Ukraine:

Metinvest faces bankruptcy if bondholders shun new debt plan
(DBN)

Russian soldiers are quitting the army over the crisis in Ukraine
(DBN)

____________

Bulgaria:

Conservators at Bulgaria’s CorpBank: We have not violated law
(DBN)

____________

Venezuela:

Venezuela: Motorcyclists are reportedly being killed for scarce spare parts
(DBN)

____________

Brazil:

Cimento Tupi Will Miss $9 Million Interest Payment Due Monday
(DBN)

____________

New Zealand:

Taxman closes in on accountants $485m debt
(DBN)

____________

MENA:

Life Under the Islamic State's Rule
(DBN)

____________

Japan:

Sharp shares plunge on capital reduction reports Is it the end of the road for Sharp?
(DBN)

____________

Singapore:

Singapore seeks to 'create a more rehabilitative regime for bankrupts' Parliament: Changes to ease bankruptcy rules tabled
(DBN)

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