May 19, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Foreclosure Firm Butler & Hosch Abruptly Shuts Down 700 jobless Workers told there’s no money to pay them
(DBN)

When Partners Ask Associates Not To Record Time . . .
(DBN)

North American lawyers accept 50pc pay cut in return for quality of life
(DBN)

MetLife GC: Lawyers Should Learn to Talk Business
(DBN)

Are Big Firm Lawyers Incapable of Happiness?
(DBN)

Survey Of Law Firm Managing Partners: There Are Too Many Lawyers; BigLaw Is Running Out Of Work
(DBN)

Elizabeth Wurtzel on Big Law Inefficiency
(DBN)

Bankruptcy Attorney Melissa Youngman Joins Wilson Elser’s Orlando Office
(DBN)

Top Lawyer in househusband U-turn as she tells young women lawyers to share domestic chores
(DBN)

Bankruptcy Lawyer: Flying Solo - 10 Things I Wish I Knew (Part 2)
(DBN)

For Lawyers, Professor Sees Growth in Liability To Non-Clients
(DBN)

With Eye on Tech Space, Dentons Leaders Create “Accelerator”
(DBN)

Appeals court condemns ‘puerile name calling’ and reverses verdict because of lawyer’s comments
(DBN)

Victims Of ‘Biggest Bar Exam Disaster Ever’ Continue To Get The Shaft, Even After ExamSoft Settlement
(DBN)

Stanford Law Students Are Crowdsourcing Graduation Speech
(DBN)

Why Does It Take SOOOO Long For Law Profs To Grade Exams?
(DBN)

Can this legal maneuver save Charleston School of Law?
(DBN)

University of Denver adds professor of pot
(DBN)

New Cardozo, Suffolk Law Deans Plan Smaller Classes
(DBN)

Law Review Publishes Entire Issue Dedicated to ‘Breaking Bad’
(DBN)

Paychecks will shrink for Pace Law School professors and staffers
(DBN)

Flame War At UChicago Law School
(DBN)

UK: Top 30 foreign firms grow at 13pc in London, led by Lathams
(DBN)

A&O rescues Sao Paolo office by persuading last partner to stay
(DBN)

Clients demand more of firms on data security
(DBN)

Felons who are barred from possessing guns can sell them with court approval, Supreme Court says
(DBN)

Prominent lawyer jailed in child-p*** case until he made $400K bail
(DBN)

A good night’s sleep on a $4K mattress pointed a former BigLaw attorney to a new job in sales
(DBN)

Nearly 200 charged after 9 die in Texas biker brawl; courthouse, other buildings under heavy guard
(DBN)

John Oliver Takes On Contracts
(DBN)

Saudi Arabia advertises for eight new executioners as beheading rate soars
(DBN)

Did You Know These 10 Famous People Were Also Lawyers?
(DBN)

Lawyer removes Confederate flags from civil war cemetery, sparking calls for disbarment
(DBN)

______________

Judges:

TX Judge Disciplined for 'New York Jew' Comment
(DBN)

Judge Cote Strikes Again
(DBN)

______________

Wall Street:

Dow, S&P hit record highs as rate-hike worries fade
(DBN)

A ‘scary summer’ ahead for stocks: Bank of America
(DBN)

Goldman: Market's going nowhere for a year
(DBN)

______________

Layoffs:

UW-Madison could eliminate 434 total positions, lay off 70
(DBN)

Rise of the Robots : How 'The Job-Eating Maw Of Technology Threatens Even The Nimblest And Most Expensively Educated,' Including Lawyers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Privacy:

The RadioShack Bankruptcy Consumer Privacy Report Is Out The FTC is trying to protect shopper data caught up in RadioShack's bankruptcy FTC proposes a compromise so RadioShack can sell consumer data RadioShack’s sale of customer data could be unlawful, FTC says Privacy promises and bankruptcy : The latest letter
(DBN)

A hedge fund bought RadioShack's customer-base for $2.6 million — but the FTC doesn't think it should be able to use it
(DBN)

Your Boss Is Now Tracking You at Home
(DBN)

____________

Corporate Governance:

Delaware Chancery Court Clarifies Fiduciary Duties of Insolvent Corporation Directors in Derivative Action
(DBN)

Parties to Whom Directors Owe Duties Depend on Solvency
(DBN)

Punitive Damages of Officers Upheld, but Vacated as to Directors, in Mismanagement Case
(DBN)

Recent Delaware Court Rulings Clarify Standing Issues in Creditor Derivative Litigation Against Allegedly Insolvent Corporation's Directors or Officers
(DBN)

More Clarity for Delaware Directors When Considering Restructuring Transactions
(DBN)

____________

Student Debt:

The Examiners on Student Loan Debt: What Our Readers Thought
(DBN)

Student debt fuels racial inequality
(DBN)

___________

Coal:

Walter Energy says nearly 400 jobs in danger
(DBN)

Will Cost Cuts See Arch Coal Through the Downturn?
(DBN)

____________

Food/Beverage:

Golden County Foods files for bankruptcy
(DBN)

Blue Bell Closes Arizona Distribution Center
(DBN)

____________

Telecoms:

Lessons from the Nortel case
(DBN)

____________

Agriculture:

Oregon farmers say company lags on payments for seed
(DBN)

____________

Baseball:

ASU files motion to have baseball club’s assets liquidated
(DBN)

____________

Hockey:

Erie Otters' smaller creditors push for team to stay
(DBN)

____________

Education:

Institutions of Higher Education and Access to Bankruptcy: Are Things as Simple as They Seem?
(DBN)

Students who went to a now-defunct for-profit college made an unprecedented move to get their money back
(DBN)

____________

Autos:

Really: Nobody Wants to Merge with Chrysler?
(DBN)

____________

Economy:

What the U.S. economy needs is a lunar landing: Shiller
(DBN)

People have no idea what inequality actually looks like
(DBN)

The top 10 jobs employers can’t get filled: Manpower
(DBN)

El-Erian: Forget Greece, this has me worried
(DBN)

Bill Gates Scoffs At Suggestion That 35% Corporate Tax Rate Is Stifling Economic Growth
(DBN)

US income gap through average CEO paycheck
(DBN)

4 Companies Drowning in Debt
(DBN)

Hensarling Takes on Corporate Welfare
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Homebuilders' confidence in sales prospects ebbs Confidence Falls for Fourth Time in Five Months
(DBN)

2 reasons the housing market is underachieving
(DBN)

Fannie, Freddie, MBA economists predict interest rate hike in 2015
(DBN)

Freddie Mac: Rising rents aren’t pushing residents to homeownership
(DBN)

Ocwen Warns On Cash Crunch Amid Talks With Lenders Bankruptcy’s Big Three: Two judges and a (former) emergency manager walk into a lunch…
(DBN)

Major mortgage firms agree to deal with zombie properties
(DBN)

Apartments: Supply and Demand
(DBN)

____________

Municipalities:

Emanuel Begins Second Term With Chicago on Financial Edge
(DBN)

Rahm Emanuel Scrambles To Avoid Failing Grade For Chicago Public Schools
(DBN)

A Bankrupt City Votes on Its Next Steps San Bernardino council backs bankruptcy plan that hammers bondholders San Bernardino's bankruptcy plan favors CalPERS
(DBN)

Stockton's Chapter 9 Plan Approval
(DBN)

Orr: 5 months after bankruptcy, Detroit still on track
(DBN)

Community Development Lessons From Detroit
(DBN)

Dallas is friendliest city for business in the U.S.
(DBN)

____________

Retailing:

OH: Owner of Woodville Mall files for bankruptcy
(DBN)

How Akron's Rolling Acres Mall rotted away
(DBN)

Home Depot earnings, revenue top estimates
(DBN)

____________

Gambling:

Caesars' creditors appeal bankruptcy start date, cite $468 mln lawsuit
(DBN)

____________

Celebs:

Dionne Warwick Owes The IRS $6 Million
(DBN)

Bitter Wrangles Finally Settled Over Sammy Davis' Estate
(DBN)

____________

Bankruptcy Crimes:

FL: David W. Griffin Indicted by FBI in Foreclosure and Bankruptcy Fraud Scheme
(DBN)

____________

Oil/Gas:

Oil prices drop as weak fundamentals weigh on market
(DBN)

Goldman Sees Oil at $45 by October After 'Self-Defeating' Rally Oil Prices Will Fall: A Lesson In Gravity
(DBN)

Pipeline Billionaire Kelcy Warren Is Having Fun in the Oil Bust
(DBN)

Former Top Lehman Brothers Banker Skip McGee Sees Opportunity In Troubled Oil Patch
(DBN)

Energy groups' $100B spending cuts after oil rout FT
(DBN)

National Oilwell Varco Scores $395K from Mud King over Stolen Trade Secrets
(DBN)

"Shocking" global energy subsidies to hit $5.3 tn this year: IMF
(DBN)

Frac Specialists Cuts Debt but Still Has to Make Chapter 11 Filing
(DBN)

Analysts: TX shale drilling will get a lot cheaper by mid-2016
(DBN)

American Eagle Energy unsecured creditor panel appointed
(DBN)

Rolls-Royce to Cut Jobs at Marine Unit Amid Slowing Business
(DBN)

Oil companies named for star athletes in DFW file for bankruptcy
(DBN)

Finding a job after the oilfield
(DBN)

____________

IP:

Delaware Joins the 7th and 9th Circuits in Protecting Trademark License Owners from Non-consensual Bankruptcy Assumptions and Assignments
(DBN)

____________

Fraud:

Two Recent Decisions Potentially Expand Fraudulent Transfer Exposure in Ponzi Schemes
(DBN)

Bharara: ‘We Have Corrosive Corruption in Our State Capital’
(DBN)

US law firms pay $2.7m in settlement over Ponzi schemes
(DBN)

MF Global Investors Seek Settlement Approval
(DBN)

____________

Politics:

Brandus on the ‘dumb’ Republican no-bailout pledge
(DBN)

Bill Clinton Promised Town Real Hope...Not
(DBN)

And Now Graham Wants to be President
(DBN)

____________

Taxis:

Disruption: Taxi medallions becoming unsellable
(DBN)

Uber: We Might Cut Driver Pay Because We Can
(DBN)

____________

Compensation:

2014's highest paid CEOs
(DBN)

____________

Lehman:

Self-Help Setoff in Lehman Case Deemed Impermissible
(DBN)

____________

Pensions:

Employers must monitor 401(k) fees, Supreme Court rules
(DBN)

____________

Fishing:

Pescanova creditors: All subsidiaries in bankruptcy will be rescued
(DBN)

____________

Amusement Parks:

Lawyer asks judge to rule on Conneaut Lake Park settlement
(DBN)

____________

Healthcare:

New uses considered for former Quincy Medical Center campus
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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)

______________

Claims:

The Third Circuit Rejects the Accrual Test and Adopts a Different Standard for Determining the Existence of a Claim
(DBN)

____________

Setoff:

Delaware Bankruptcy Court: Debtors Can Offset Administrative Claims Before General Unsecured Claims
(DBN)

____________

Lien Priority:

Equitable Conversion Enables Lender's Security Interest to Relate Back, Giving Lender Priority over IRS Lien
(DBN)

Equitable Marshalling Does Not Require Secured Lender to Foreclose or Reduce the Value of its Claim
(DBN)

____________

UCC:

Typo in Security Agreement Cannot Be Repaired Using Parol Evidence after Bankruptcy Filing
(DBN)

____________

Cross-Border:

The Scope of the Stay Under Chapter 15 of the Bankruptcy Code
(DBN)

Dutch Company, New York Law - An English Scheme of Arrangement?
(DBN)

____________

Safe Harbors:

How Safe are the Bankruptcy Code Safe Harbors?
(DBN)

____________

Standing:

Creditors Do Not Have Standing To Pursue Derivative Claims On Behalf of Delaware Limited Liability Companies
(DBN)

____________

Personal Bankruptcy:

Bankruptcy Leftovers Go to Debtor, SCOTUS Says Tie goes to the debtor in consumer bankruptcy dispute about funds paid to trustee Supreme Court Decides Harris v. Viegelahn Postpetition Wages Held by Chapter 13 Trustee Belong to Debtor Upon Conversion
(DBN)

____________

Plan Confirmation:

SDNY Affirms Denial of Make-whole Claim and Confirmation of Cramdown Plan with Below-market Rate Replacement Notes
(DBN)

Court Rejects 'Business Justification' for Claim Classifications, Creditor Cannot Be Forced to Make Section 1111(b) Election
(DBN)

Applying Till, Court Requires Evidence to Increase Interest Rate Above Prime
(DBN)

Bankruptcy Court Rejects Creditor Argument that Plan Not Feasible, Refuses to Vacate Order Confirming Chapter 11 Plan
(DBN)

The Supreme Court Rigidly Applies the Rules of “Flexible Finality” in Bullard v. Blue Hills Bank
(DBN)

Beware! – Approach Chapter 11 Releases With Caution
(DBN)

____________

Valuation:

Be Careful When Using the Owner of Property to Establish the Value in a Declaration
(DBN)

____________

Avoidance Actions:

Fraudulent Transfers May Not Be Avoided Where No Benefit to the Estate
(DBN)

____________

Sales:

SCOPAC: New Opportunities for Secured Creditors in Sales of Bankrupt Companies through Chapter 11 Plan
(DBN)

Going, Going, Gone: Selling the Cubs and Rangers in Bankruptcy
(DBN)

Bankruptcy Court Refuses to Allow Debtor and Committee to Renegotiate Carve-out from Section 363 Sale Proceeds
(DBN)

____________

Data:

When Big Data Becomes Your Most Valuable Asset
(DBN)

____________

Litigation:

Litigation Trends Annual Survey from Norton Rose Fulbright Released
(DBN)

____________

TBTF:

Sorry, Jamie Dimon: Bigger Always Means Riskier
(DBN)

____________

Sovereigns:

Judiciary sets limits on judge Griesa after Citi agreement Argentine court suspends US judge-backed agreement between Citibank and vulture funds Argentina , the Paul Singer Hater, Plays Cut-Throat Creditor Too
(DBN)

____________

UK:

Insolvency profession launches web guide for creditors
(DBN)

UK businesses owed £41bn in late payments
(DBN)

UK pensioners to benefit as judges order insolvent Nortel’s assets to be divided equally
(DBN)

Gateley's gamble - why law firms should heed accountancy's listing mistakes
(DBN)

Administrators are not required to investigate directors’ motives for appointing them
(DBN)

Biggest employers 'not paying living wage'
(DBN)

U.K. Inflation Falls Below Zero for First Time Since 1960 Time to Worry? The UK Just Fell Into Deflation
(DBN)

____________

EU:

Euro Plunges as ECB Official Pledges to Speed Up Bond Purchases
(DBN)

____________

PIIGS:

Greece says must strike debt deal in May as money runs low How Much Money Does Greece Have Left? Athens staggers closer to the financial precipice Athens sees EU deal soon, Greeks' approval of government stance dwindles ECB rolls its tanks onto the lawn as Greece's PM faces a party mutiny European Stocks Seesaw Over Greece Default Jitters Europe shares close higher as Greek fears abate EC denies reports of new Greek plan Greek bonds tumble on speculation cash may only last a few weeks Greece must reform to avoid insolvency Bank run gains pace as default fears grow Greece 'in crisis' as officials insist deal is near
(DBN)

____________

Germany:

German Investor Confidence Falls Amid Slower Economic Growth
(DBN)

____________

Mexico:

Mexicana Airlines: A New Test Case In Mexico
(DBN)

____________

Serbia:

Serbia agrees to program to speed up bad loan resolution
(DBN)

____________

Netherlands:

Clothes shops lose 66% of their profit margin
(DBN)

____________

Japan:

Japan's Sharp Gets $1.9 Billion Bank Bailout
(DBN)

____________

China:

China’s Slowing Economy Means Its Tax Authorities Are Coming After You
(DBN)

In China, ‘Breaking Bad’ is real
(DBN)

The Chinese Century is Already Over
(DBN)

____________

 


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