May 13, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

3-Column Formating

 

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)

______________

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)

______________

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)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Mining:

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

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

____________

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)

____________

Banking:

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

____________

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)

____________

Guns:

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

____________

Religion:

Adelman invites mediation over archdiocesan cemetery trust
(DBN)

____________

Environmental:

Freedom proposes additional money for cleanup
(DBN)

____________

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)

____________

Rail:

5 Killed as Amtrak Train Derails in Philadelphia
(DBN)

The Twilight of American Trains
(DBN)

____________

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)

______________

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)

____________

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)

____________

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)

____________

Steel:

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

____________

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)

____________

Autos:

GM payments not enough for some families
(DBN)

____________

IP:

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

____________

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)

____________

Fraud:

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

____________

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)

____________

Shipping:

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

____________

Retailing:

Firm asks to buy Hilo Hattie property
(DBN)

____________

Nuclear:

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

____________

Lehman:

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

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

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)

____________

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)

____________

Safe Harbors:

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

____________

Recharacterization:

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

____________

Bankruptcy Reform:

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

____________

Setoff:

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

____________

Plan Confirmation:

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

____________

Bankruptcy Bonuses:

Standard Register drops CEO from bonus plan
(DBN)

____________

TBTF:

The Progress on Ending Too Big to Fail
(DBN)

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

____________

Insurance:

Florida Will Not Appeal Decision Favoring Deloitte
(DBN)

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

____________

Weather:

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

____________

Student Debt:

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

____________

Corporate Reform:

US Set to Rip Up UBS Libor Accord
(DBN)

____________

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)

____________

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)

____________

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)

____________

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)

____________

France:

If Euro Disney Went Bankrupt
(DBN)

____________

Germany:

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

____________

China:

China outlook even worse than imagined: Analyst
(DBN)

____________

Australia:

insolvency cases on the rise
(DBN)

____________

Ukraine:

Ukrainian Railways declare bankruptcy
(DBN)

____________

 


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2014