May 14, 2015

The Daily Bankruptcy News

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Law:

15-lawyer team exiting Gordon Silver to form new firm
(DBN)

Cravath Gets It Right, Again
(DBN)

There Are Too Many Lawyers , Say Law Firms
(DBN)

Disappointed with earnings after law school? You’re in good company, lawyer happiness study says Lawyers With Lowest Pay Report More Happiness
(DBN)

Sharon Levine: Bankruptcy Reform Could Actually Aggravate Student Loan Issue Shaunna Jones: Everyone Suffers Without Bankruptcy Reform for Student Debt Richard Chesley: Helping Over-Burdened Borrowers is the Goal of Bankruptcy
(DBN)

Bankruptcy Litigator Named Director of Dykema’s Newly Expanded Financial Industry Group
(DBN)

Former SMU Law Professor Donates $2M to School to Help Advance Gender Equality
(DBN)

Evansville bankruptcy attorney suspended, used client money to pay the cost of filing his own bankruptcy
(DBN)

Unchartered Territory: Law Firm IPOs
(DBN)

Biglaw Mommy: You Are Not A Failure
(DBN)

Lifestyles of The Am Law 100
(DBN)

Law Schools Are Trying To Fix Lawyers' Business Ignorance
(DBN)

McKenna Long Waived Rules to Ease Dentons Merger
(DBN)

4 Tips to Help Lawyers Master Their Lives
(DBN)

Collaboration in BigLaw; Easier Said Than Done
(DBN)

Law School Website Rankings
(DBN)

Hawaii Law Will Admit Students Who Haven't Taken LSAT
(DBN)

The Author of 'Prozac Nation' Hasn't Stopped Working for Superlawyer David Boies
(DBN)

7 Strategies for Dealing With Negative People
(DBN)

Is The Apple Watch Tax Deductible?
(DBN)

After 3 weeks of using an iPhone, I'll never use Android again
(DBN)

Texas attorney general tells CNN: Gays can ‘feel how they want’ but marriage is for straight people
(DBN)

Homeless Lawyer Secretly Lived In Public Defender’s Office For 5 Months
(DBN)

Weed-loving church will fill sanctuary with pot smoke to test new religious freedom law
(DBN)

Thieves are stealing cash from ATMs using an iPod Nano and a piece of plastic
(DBN)

Lawyer pleads guilty to insider trading based on tip from golfing buddy
(DBN)

Should Tom Brady Sue The NFL And Roger Goodell? A Deflategate Email Exchange
(DBN)

So, I CAN’T Tell My Associate To Do More To ‘Satisfy’ Her Husband?
(DBN)

Lawyer’s tree house, rented online for $195 a night, is legal but may raise property tax bill
(DBN)

Ex-lawyer is accused of soliciting murder of third wife after second wife’s slaying
(DBN)

Two lawyers are convicted of extortion for arrest threat in bid to collect fee
(DBN)

Managing partner: Lawyer asked about firm, Knights Templar before knife attack; wife played dead
(DBN)

Say What?!
(DBN)

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Judges:

Sonia Sotomayor On Vicious Infighting At The High Court
(DBN)

Retiring Judge Sanctions Lawyers $451,381
(DBN)

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Wall Street:

Wall Street set for solid open
(DBN)

U.S. stocks close flat after early gains fade
(DBN)

The bond market is sending shock waves, and Wall Street insiders are worried
(DBN)

57% of investors expect a correction soon: Poll
(DBN)

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Layoffs:

Settlement underway for shuttered firetruck-maker’s former employees
(DBN)

HRG’s Salus Capital Lending Unit Said to Trim 40% of Its Staff
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Rail:

For Many Northeast Lawyers, a Life Riding Rails
(DBN)

The Amtrak train that crashed in Philadelphia was going way too fast Hit Curve Going Over 100 Miles Per Hour Train cars ripped apart... 'Disastrous mess' Passengers 'Didn't Care About Anyone Else, Stepping Over People' 'Dozens' Remain Unaccounted For What we know about Amtrak’s history of accidents, injuries and deaths
(DBN)

Amtrak crash may reveal the high cost of neglect Amtrak Crash Fuels Rancor Over Transportation Budget
(DBN)

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Politics:

Trade proposal deal reached, congressional leaders say
(DBN)

Senator Warren Means Well, But She's Dangerously Wrong
(DBN)

The ridiculousness of the Obama/Warren sexism flap
(DBN)

RNC Lists 36 Candidates
(DBN)

Bush slips, admits running for president
(DBN)

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Golf:

How California golf courses are responding to the historic drought
(DBN)

Briar's Creek bankruptcy plan approved
(DBN)

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Education:

Corinthian Students to Receive Official Committee Representation
(DBN)

Corinthian students in the dark about their options, state AGs say
(DBN)

Here's a big reason why Americans have $1.16 trillion in student debt
(DBN)

Art Institute of Jacksonville to close campus, 'teach out' remaining students
(DBN)

Latest college with financial problems: ITT Educational Services
(DBN)

The Real Cost of College
(DBN)

Which For-Profit Colleges Will Shut Down Next?
(DBN)

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Environmental:

Judge Rejects Bankruptcy Plan for Freedom Industries
(DBN)

Freedom's Southern hit with additional charge
(DBN)

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Theatre:

Surflight Theatre Auction Scheduled for July
(DBN)

San Jose Rep theater plan clears first hurdle
(DBN)

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Coal:

Patriot Coal Says Talks With Buyer 'Highly Advanced'
(DBN)

NWR Reports Operating Loss in ‘Extremely Difficult’ Coal Market
(DBN)

Walter Energy Is A 'No-Touch' Stock
(DBN)

Does Coal Have a Future in the United States?
(DBN)

Tough Times for Coal Getting Worse
(DBN)

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Mining:

Molycorp Could Exhaust Domestic Cash Within Weeks
(DBN)

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Aviation:

Qatar Air CEO decries 'bullying tactics' of rival U.S. airlines - Says Ch.11 Is "Government Subsidy"
(DBN)

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Corporate Governance:

Is The Only Purpose of a Corporation to Maximize Profit?
(DBN)

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Economy:

Food-Stamp Use Is Now the Lowest Since 2011
(DBN)

Household Debt Remains Flat in First Quarter
(DBN)

First Quarter Casts Shadow on Spring
(DBN)

Dollar slides to lowest since January
(DBN)

Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama
(DBN)

Where Are Americans Spending Their Money? Restaurants and Online Shopping
(DBN)

Sales bummer adds to bleak economic outlook
(DBN)

Reckoning for the Fed
(DBN)

Senate Duo Takes Aim at Fed’s Lending Powers
(DBN)

The latest ugly economic report has people saying 'recession'
(DBN)

Dick Grasso: $4T question nobody is asking the Fed
(DBN)

Secret corporate takeover hidden in trade bill: Stiglitz
(DBN)

Greenspan: Get ready for another taper tantrum
(DBN)

HSBC: The world economy faces a 'titanic problem'
(DBN)

Facebook mandates $15 minimum wage and paid leave for contract workers
(DBN)

America's wealthiest zip codes
(DBN)

Mapped: The places where most public school children are poor
(DBN)

These are the things people who are forced to work long hours miss the most
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Foreclosures: Beware Unexpected Violations
(DBN)

Cash home sales drop as cheap investments dry up
(DBN)

MBA: Mortgage Applications Decrease in Latest Weekly Survey
(DBN)

Map: Where it’s cheaper to buy than rent
(DBN)

Goldman’s odd reason to bet against housing stocks
(DBN)

Foreign Money Is Pouring Into U.S. Real Estate, and It's Not Just Houses
(DBN)

A.G. Schneiderman Announces Court Judgment Against Brooklyn & Florida Law Firms For Running Fraudulent Mortgage Rescue Scheme
(DBN)

Fannie Mae accused of neglecting homes in minority communities
(DBN)

Survey: More Millennials Renting, But Just As Many Want To Own
(DBN)

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Municipalities:

What It's Like When Your City Goes Broke
(DBN)

Court fight revs up over legality of Chicago pension reforms Unions demand Emanuel drop pension court battle Judge sets hearing in Chicago pension deal lawsuit
(DBN)

Report: Illinois is Hiding Billions More in Retirement Debt
(DBN)

How Chicago, City of Junk, Just Moved a Little Closer to Detroit
(DBN)

Chicago's first junk-rating blow: a $2.2 billion bank payout Chicago's race to the bottom accelerates
(DBN)

How Illinois’ Pension Debt Blew Up Chicago’s Credit
(DBN)

As Moody's junks Chicago, more peril across Illinois
(DBN)

Puerto Rico Talks Seeking to Avoid Receiver, Knighthead Says
(DBN)

San Bernardino plan to exit bankruptcy to be released today
(DBN)

Las Vegas: Record Visitor Traffic in 2014, Same pace in 2015
(DBN)

The 10 best cities to start your career
(DBN)

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Oil/Gas:

Mitigating Buyer Risk in Oil and Gas Acquisitions
(DBN)

Bankruptcy expert says more calls rolling in from Sask. oilpatch
(DBN)

Crude oil prices rise again after U.S. inventories continue to dip
(DBN)

U.S. shale-oil producers set to raise output
(DBN)

Analysts turn more optimistic on oil Forecasters Are Wrong About Oil Prices US Oil Execs: No Hope for Price Bounce This Yr
(DBN)

Goldman Sees Oil Dropping As Price Rally Makes Crude Too Costly
(DBN)

Brazil, Russia enter ring in U.S.-OPEC heavyweight fight OPEC Output Up, U.S. Shale Down
(DBN)

3 Ways Oil Companies Can Survive Low Prices
(DBN)

Canadian oil field services company cuts 2,000 jobs across North America
(DBN)

Saudi claims oil price strategy success
(DBN)

Colorado's oil and gas slump is fallout from global game of 'chicken,' says exec
(DBN)

 

Mud King Products Exits Bankruptcy, Litigation Dismissed
(DBN)

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Retailing:

U.S. retail sales flat in April, continue to slow
(DBN)

As April retail sales fall flat, mall stores close in droves
(DBN)

Woodville Mall owner files for bankruptcy
(DBN)

Southwest Center Mall, which Dallas has been trying to save since 2009, is now up for grabs
(DBN)

The RadioShack brand sells for $26 million RadioShack IP Auction Won by Hedge Fund Standard General
(DBN)

Judge Approves $7 Million Sale of Fresh Produce Retail Chain
(DBN)

JC Penney posts narrower 1st qtr loss, lifts margin target
(DBN)

Macy's has ominous insight about US consumers Macy's falls on lower profits
(DBN)

Why Best Buy Won't Go Away in the 'Age of Amazon'
(DBN)

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Taxis:

How Uber's subprime auto loans trap drivers like a 'ball and chain'
(DBN)

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Newspapers:

Cable giant drops $1 bid for the New York Daily News, says it's too much to pay
(DBN)

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Fashion:

Final Report Filed in Betsey Johnson Bankruptcy Cases
(DBN)

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Healthcare

Bankruptcy judge approves auction for Hollywood hospital with jailed owner
(DBN)

Judge: Hutcheson must give debated documents to Erlanger
(DBN)

Utah company facing bankruptcy ; nursing home residents in limbo
(DBN)

‘Mercy Killers’ puts human face on health care debate - Play inspired by huge numbers of Americans driven into bankruptcy by medical debt
(DBN)

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Downgrades:

Fitch: 1Q Downgrades Surpass Upgrades; US Issuance Still Strong
(DBN)

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Bonds:

Bond Protections Still Weak: Moody's
(DBN)

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Celebs:

‘Sonja Morgan Needs Some Help’ Says Kristen Taekman After ‘RHONY’ Meltdown
(DBN)

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Corporate Reform:

UBS Guilty Plea for Libor Seen Opening Door to Political Battle
(DBN)

5 banks expected to plead guilty to felony charges
(DBN)

Consequences? Barclays Exec Involved In LIBOR Fixing Becomes Bank's Head Of Asia-Pac
(DBN)

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Hockey:

Bankruptcy Judge Thomas Agresti Rejects Joint Administration in Erie Hockey Cases
(DBN)

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Alternative Energy:

City hires lawyers in Lima Energy bankruptcy
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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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Avoidance Actions:

Bankruptcy Court Analyzes Preferences and Fraudulent Transfer Claims as Applied to a Lease Termination Agreement
(DBN)

Ninth Circuit Insulates Corporate Insider from Preference Liability
(DBN)

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Bankruptcy Bonuses:

Court OK's multi-million dollar bonus plan for critical Standard Register employees
(DBN)

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Automatic Stay:

Act in Good Faith or Else: The Limits of the Automatic Stay
(DBN)

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Bankruptcy Reform:

It's Not All Bad: ABI Proposals That Could Benefit Secured Creditors
(DBN)

How Bankruptcy Reform Undermined Cigar Butt Investing
(DBN)

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Mediation:

Cooler heads prevail: Why mediation is growing as a tool in bankruptcy
(DBN)

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Discharge:

Major Banks to Delete Records for Some Borrowers Who Filed for Bankruptcy
(DBN)

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Bankruptcy Litigation:

Orchard Supply - The Trouble With Motions to Dismiss
(DBN)

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Estoppel:

Dismissing Bankruptcy-Debtor Plaintiffs' Cases on Judicial Estoppel Grounds
(DBN)

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Personal Bankruptcy:

Secured Creditors Must File Timely Proofs of Claims to be Paid: Seventh Circuit
(DBN)

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TBTF:

Banks must get 'serious' about bankruptcy plans: FDIC's Hoenig
(DBN)

Federal Scrutiny of MetLife Isn't Focused on Its Biggest Business
(DBN)

‘Too big to fail’ banks are still around — but Elizabeth Warren and David Vitter plan to change that
(DBN)

Free Lunch: The legacy of America's bailouts
(DBN)

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Insurance:

Nebraska firm loses round but insurance fight continues
(DBN)

Thinking About Excess D&O Insurance
(DBN)

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Gambling:

Atlantic City casino revenue down 3 percent in April
(DBN)

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Telecoms:

Judges rip into squabbling Nortel lawyers Judges craft their own formula for Nortel's $7.3 bln in cash
(DBN)

DLA Piper obtains success in Nortel cross border insolvency allocation trial
(DBN)

Nortel Networks beaten as thousands of British pensioners win share of billion dollar fund
(DBN)

Nortel bonds plummet after court ruling on assets
(DBN)

Pressure mounting on creditors to accept Nortel ruling
(DBN)

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Personal Finance:

Bankruptcy Can Help Seniors Protect Assets
(DBN)

What to say when the hiring manager asks, 'What motivates you?' The 50 most common interview questions
(DBN)

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History:

Business Booms and Busts
(DBN)

Crisis Chronicles: The Man on the Twenty-Dollar Bill and the Panic of 1837
(DBN)

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Mass Torts:

Once hailed as victory, Texas man’s asbestos case was used against plaintiffs firm in bankruptcy case
(DBN)

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Bankruptcy Crimes:

Ex-Freedom Industries president faces new fraud charge
(DBN)

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Shipping:

Esco Marine attempts to reorganize
(DBN)

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Sovereigns:

Argentina rejects appointment of pro-vulture lobbyist
(DBN)

Greek bailout talks: Here’s one way to avoid ugly fights over sovereign debt.
(DBN)

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UK:

Illegality, insolvency and fraudulent directors: Clarity at last?
(DBN)

Olympic Airlines pensions case raises question of establishment in insolvencies
(DBN)

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EU:

Euro zone economy outpaces US Euro at 3-month high, bond yields key
(DBN)

Bank Recovery and Resolution Directive – Implications for Repo and Derivative Counterparties
(DBN)

'Father of Euro' Knew It Was a Problem Child
(DBN)

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PIIGS:

Greek minister calls for ECB repayment delay Greece rules out bailout deal that won't allow crisis exit Europe Preparing Greek Bankruptcy Loan "In Event Of Grexit" Should You Really Fear a Grexit? Political Will Is Keeping Greece From Bankruptcy : Vogt Greece's Payment Plan Is a Shell Game EU Said to Consider Plan for Greece in Event of Euro Exit One more risk for Greece right now Greek economy: Just how is the country paying its bills?
(DBN)

ie: Big plan to help mortgage holders ‘won’t have the banks quaking in their boots’ Banks' veto removed under Coalition mortgage arrears plan Courts Service to be given powers to overrule banks which reject debt deals Mortgage groups call on banks to stop repossession cases
(DBN)

Drumm faces uphill battle in appeal against bankruptcy ruling
(DBN)

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Argentina:

The only picture you need to see to understand how insane Argentine inflation is
(DBN)

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China:

Everything China's doing isn't working Economists React: China’s April Economic Weather Report Is Mostly Cloudy
(DBN)

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India:

Indian child bride, now 19, faces $25000 fine for rejecting marriage
(DBN)

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Japan:

Sharp Posts Annual Loss, Reaches Financing Deal With Lenders Sharp again saved from bankruptcy by its banks
(DBN)

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Sri Lanka:

Former Sri Lankan president warns of government financial bankruptcy
(DBN)

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