May 13, 2015

The Daily Bankruptcy News

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Law:

Survey: Firm Leaders Say Overcapacity Is Hurting Profitability
(DBN)

Survey: Most Law Firms Losing Business to Corporate Legal Departments
(DBN)

The Big 4 Are Putting Down Roots in the Legal Sector
(DBN)

Judge says Facebook has right to sue DLA Piper and other firms for representing now-fugitive Ceglia More Bad News For DLA Piper And Milberg
(DBN)

Jay Goffman: There's No Easy Solution on Student Loans Student loan payments swamp borrowers J. Scott Victor: Universities’ Sweet Student Loan Deal Must End Lisa Donahue: Fix the Root Problem—Rising Education Costs
(DBN)

Think Harvard law grads are more likely to stay in law practice than others? 28% ditched legal jobs
(DBN)

Harvard Study: Wage Gap for Women Worsened Over 30 Years Harvard Study: Women Lawyers Work More Than Men
(DBN)

For Women in Law, Flexibility Can Help Break Barriers
(DBN)

Elizabeth Wurtzel on Working at Boies Schiller
(DBN)

GC: Stop Talking About Your Firm, Tell Me About Ours
(DBN)

Law school with goal of making legal education affordable has $3.8M deficit
(DBN)

Biglaw Could Use Some Gorgeous Yale Law Grads Who Are Also Bestselling Authors
(DBN)

Lawyer accused of lying about malpractice coverage is disbarred by consent
(DBN)

Why Excel Is The Best Illustration Program You Own
(DBN)

Looking at Law in the New Tech Era
(DBN)

2 lawyers and paralegal take Fifth; name partner says he didn’t direct DUI setup of trial opponent
(DBN)

The Monster In The Three-Button Suit: Why You Should Worry More About Your Colleagues Than A Villain In The Bushes
(DBN)

Who Will Take Care Of Your Clients When You Can’t?
(DBN)

State bars may be affected by SCOTUS antitrust case; public interest groups want review by state AGs
(DBN)

NFL fines Patriots $1M, eliminates 2 draft picks, suspends QB Tom Brady 4 games for ‘Deflategate’ Tom Brady merchandise sales instantly double Brady Refused to Show Investigators Cell Phone
(DBN)

When A Lawyer Becomes A Criminal
(DBN)

Sales exec claims she was fired for removing app that allowed boss to track her 24/7
(DBN)

Man Kills Imaginary Friend, Turns Self In, Takes World's Saddest Mug Shot
(DBN)

So Much for Zimmerman's Fresh Start to Life
(DBN)

Grandmother from Hell
(DBN)

Kids Think Lawyers Are Real A-*****
(DBN)

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Judges:

BK SD TX: David R. Jones appointed Chief Bankruptcy Judge
(DBN)

Wife of appellate judge charged with threatening him in effort to get son-in-law arrested
(DBN)

Review: The Originalist
(DBN)

Tilting at Windmills: Justices Preside Over Mock Trial of Don Quixote
(DBN)

Justice Sonia Sotomayor: 'If You've Read Our Decisions, You Know We Can be Nasty'
(DBN)

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Wall Street:

U.S. Index Futures Signal S&P 500 Will Rebound From Two-Day Drop
(DBN)

Wall Street pares early losses as US Treasuries rebound
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Mining:

Apollo Said to Lead Group Seeking Control of Bankrupt Miner
(DBN)

Magnetation's uncertain future trickles down to creditors
(DBN)

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Politics:

Chris Christie Offers Plan to Aid the Middle Class
(DBN)

Warren: Who is writing the TPP? Sen. Warren On The 'Tilted Process' Of Asia Trade Bill Feud with Warren breaks open amid ‘fast track’ vote
(DBN)

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Banking:

Jury sides against Wells Fargo, awards St. Louis County woman $77 million
(DBN)

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Education:

Lawyers for Students of Defunct Corinthian to Meet with Trustee
(DBN)

Bill Proposes Ban on Tuition Clawbacks in Bankruptcy
(DBN)

SEC alleges fraud by ITT Educational Services
(DBN)

Sweet Briar College Bids Goodbye, But Denies Whistleblower's Fraud Allegations
(DBN)

Q&A: Struggling private colleges' options to skirt bankruptcy
(DBN)

Veterans stranded after using GI Bill at defunct for-profit college
(DBN)

Arizona is No. 1 in College Cuts, Tuition Hikes
(DBN)

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Guns:

Colt extends deadline on deeply distressed bond swap as just 5% join
(DBN)

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Religion:

Adelman invites mediation over archdiocesan cemetery trust
(DBN)

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Environmental:

Freedom proposes additional money for cleanup
(DBN)

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Gambling:

Revel papers claim shutting off casino power puts lives at risk
(DBN)

Caesars Palace could face up to $20 million in federal fines
(DBN)

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Rail:

5 Killed as Amtrak Train Derails in Philadelphia
(DBN)

The Twilight of American Trains
(DBN)

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Economy:

Americans quit jobs at rapid clip in March
(DBN)

The U.S. economy has left behind 20 million of us
(DBN)

This is what $11.85 trillion worth of household debt looks like US household debt levels held back by cautious consumers
(DBN)

Fed's Williams argues for earlier rate hike
(DBN)

7 Years Since Meltdown: Still Easing Like Crazy
(DBN)

US workers miss billions in retirement matches: study
(DBN)

The Horrible Truth About Your Retirement
(DBN)

The popping of this bubble poses a 'huge risk'
(DBN)

Robots Threaten These 8 Jobs
(DBN)

The Secret Truth About Income Inequality
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

MBA: It keeps getting easier to get a mortgage
(DBN)

Weekly mortgage applications fall 3.5% as rates rise
(DBN)

Student debt doesn't keep new grads from mortgages
(DBN)

New York Fed: Fewest foreclosures on credit reports since 1999
(DBN)

RBS facing substantial US damages claim over mis-sold mortgage bonds
(DBN)

Ocwen files 2014 yearly report without “going concern” qualification
(DBN)

Commercial Real Estate and the Broader US Economy: What Me, Worry?
(DBN)

Is REO on the Rise in Washington?
(DBN)

Tampa Bay still high in foreclosures, but delinquencies lower
(DBN)

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Municipalities:

Rauner's Illinois Pension Fix Depends on Three Sizable Ifs
(DBN)

No Evading Illinois Pension Woes
(DBN)

Moody's drops Chicago's credit rating to 'junk'
(DBN)

Calpers' Pension Hammer Forces Judge Into 'Unfair' Bond Ruling CalPERS wins ruling in San Bernardino bankruptcy
(DBN)

Illinois' Pension Crisis Continues With Court's Ruling
(DBN)

Oil, Politics Pave Path Toward $9 Billion Default in Puerto Rico
(DBN)

Save the Pensions: No Sudden Moves, Please
(DBN)

Saving America's 'worst city for business'
(DBN)

The 10 Richest Cities in America
(DBN)

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Coal:

Patriot Coal Is Back in Bankruptcy Hopes to sell ‘substantially all’ assets Patriot Coal files Ch. 11 for second time; in “active” talks on sale Patriot Coal Files for Bankruptcy Amid Commodity Price Slump Eighteen Months Later, A Second Bankruptcy Fitch: Patriot 2nd Chapter 11 Function of Challenging Coal Market
(DBN)

Walter Energy Narrows Loss, Bankruptcy Fear Looms
(DBN)

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Steel:

Impact Of Bankruptcy For AK Steel's Joint Venture May Be Limited
(DBN)

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Oil/Gas:

Oil extends gains after US fuel stocks drop
(DBN)

Oil tops $60 on weaker dollar, supply bets Global Oil Price War Not Over Yet
(DBN)

The big oil battle has just started US shale has 'blinked' in battle against OPEC: IEA US Shale Production to Fall Again in June
(DBN)

Capitala Finance says no energy sector loans in default in Q1
(DBN)

Forget OPEC, here's why Gartman's getting long oil
(DBN)

$2.1 Billion Noble Deal Could Start A Trend In Shale Sector
(DBN)

Loss-Laden ZaZa Raises Cash as Volatile Oil Prices Affect Industry
(DBN)

Strong dollar and cheap oil are hurting U.S. economy
(DBN)

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Autos:

GM payments not enough for some families
(DBN)

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IP:

In auction for RadioShack name, bid stands at $15M
(DBN)

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Telecoms:

Judges craft their own formula for Nortel's $7.3 bln in cash Judges make decision on fate of remaining US$7.3 billion of Nortel assets Nortel Networks Corp bankruptcy judges rule on how to divide US$7 billion among warring creditors Nortel Bankruptcy Judges Rule on Division of $7 Billion Judges divide $7B in bankrupt Nortel assets, but is nightmare over? Unusual rulings on Nortel assets provide some solace for pensioners
(DBN)

Ergen Says LightSquared Plan Unfairly Favors Hedge Funds
(DBN)

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Fraud:

Fair Finance trustee reaches $35M settlement with lender
(DBN)

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Healthcare:

Judge Murphy Directs Hutcheson To Turn Over Disputed Emails, Documents To Erlanger
(DBN)

Baby Boomers' Coming Health Crisis
(DBN)

500,000 Americans spend $50K on medicine each year
(DBN)

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Shipping:

Korean Bulk Carrier Daebo Wins U.S. Bankruptcy Court Protection
(DBN)

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Retailing:

Firm asks to buy Hilo Hattie property
(DBN)

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Nuclear:

Everything You Hate About Washington Confirmed by One Simple Job Change
(DBN)

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Lehman:

Lehman Just Won't Die as London Lawsuits Delay Final Reckoning
(DBN)

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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 (73 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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
(DBN)

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Sales:

Fifth Circuit Finds Undersecured Creditor Waived Right to Credit Bid
(DBN)

SDNY Bankruptcy Court Denies Successor Liability Claims Against New GM for Ignition Switch Defect
(DBN)

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Finance:

What the Future Holds for Make-Whole Claims in Bankruptcy: Examining the Energy Future Holdings EFIH First Lien Make-Whole Decision – Part 1
(DBN)

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Safe Harbors:

Payments on Securitized CMBS Loan Protected by 546(e) "Securities Contract" Safe Harbor
(DBN)

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Recharacterization:

Oak Rock Financial District Court Addresses the Applicable Legal Standard for True Participation Agreements
(DBN)

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Bankruptcy Reform:

Chapter 11 Duration, Preplanned Cases and Refiling Rates: An Empirical Analysis in the Post-BAPCPA Era
(DBN)

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Setoff:

Court Reiterates that Debtor’s Setoff Rights Trump those of Claimant
(DBN)

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Plan Confirmation:

Supreme Court Nixes Debtor’s Efforts to Automatically Appeal Denial of Confirmation
(DBN)

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Bankruptcy Bonuses:

Standard Register drops CEO from bonus plan
(DBN)

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TBTF:

The Progress on Ending Too Big to Fail
(DBN)

Bringing Too-Big-to-Fail Banks to Heel
(DBN)

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Insurance:

Florida Will Not Appeal Decision Favoring Deloitte
(DBN)

Ruling Blocks Lender's Claim Against 'Political Risk' Insurer
(DBN)

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Weather:

The drought drama that's been a long time coming
(DBN)

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Student Debt:

How bad is student loan debt? This bad
(DBN)

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Corporate Reform:

US Set to Rip Up UBS Libor Accord
(DBN)

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Sovereigns:

'Argentina took the anti-vulture flag to the world' ‘Vultures’ target country's latest bond issue Gov't slams holdout efforts to derail Bonar 24
(DBN)

Argentina Veteran Sees Ukraine Debt-Talks Risk as Deadline Looms
(DBN)

Ukraine Bond Talks Take Hit as Creditors, Government Trade Blows
(DBN)

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UK:

First U.K. Law Firm to Sell Shares Hopes to raise $15M in IPO
(DBN)

Bank of England cuts U.K. growth forecasts
(DBN)

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PIIGS:

Greece Pays IMF with Emergency Funds, Says Eurozone Deal Urgent Skeptical Greek mayors refuse to lend to near-bankrupt state Why markets are shrugging off the Greek drama The real sign that Greece's financial turmoil is getting worse Greece Plans Tax Hike On Foreign Visitors Greek Default Doesn't Spell Grexit, Renzi Adviser Says Greeks pulling money out of banks...and spending it on cars Why you shouldn’t worry if Greece exits eurozone
(DBN)

ie: Plan to cut bankruptcy term referred to committee
(DBN)

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Canada:

Growing popularity of home equity lines of credit spurs debt warnings
(DBN)

Average debt reaches all-time high for Alberta seniors' ages 55-70+
(DBN)

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France:

If Euro Disney Went Bankrupt
(DBN)

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Germany:

German economy slows more than expected in Q1 as trade drags
(DBN)

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China:

China outlook even worse than imagined: Analyst
(DBN)

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Australia:

insolvency cases on the rise
(DBN)

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Ukraine:

Ukrainian Railways declare bankruptcy
(DBN)

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