May 26, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

5 Things to Know About the Dewey & LeBoeuf Trial More Litigation Arising From Firm's Failure Focus to go on email evidence as Dewey LeBoeuf trial starts in New York Opening statements set for Tuesday in criminal trial of Dewey trio
(DBN)

More Trouble for Defunct Butler & Hosch Law Firm. Employees File WARN Act Class Action
(DBN)

Trustee Demands Becker & Poliakoff Documents in Fashion Mall Dispute
(DBN)

Mintz Levin Names New Bankruptcy Member
(DBN)

Top 100 Law Firms For Minority Attorneys
(DBN)

Only 50% Of White Attorneys In Firms Are Partners
(DBN)

14 Tips For The Class Of 2015
(DBN)

Law Student Living In Poverty Relies On Food Stamps To Survive
(DBN)

Who Are You If You’re Not A Lawyer?
(DBN)

Here's who you should (and should not) accept on LinkedIn
(DBN)

Always Be Ready To Advocate On Any Open Issue
(DBN)

4 psychological tricks to instantly appear competent Be the most popular person in the room
(DBN)

Change in overtime rules could lead to more suits over worker emails sent outside work
(DBN)

The million dollar general counsel
(DBN)

Just How Badly Are Authorities Screwing Up The Arrest Of 170 Bikers In Texas? Texas restaurant that was site of biker shootout faces lawsuit by neighboring eatery
(DBN)

Shell Sued After Butane Causes ‘Hash Oil’ Explosion
(DBN)

Dad of hurt girl sues home insurer: House guest’s chain saw prank a foreseeable cause of truck crash
(DBN)

After a week in jail, tearful mom agrees to have 4-year-old son circumcised
(DBN)

Leader: Law firms should heed accountancy's listing mistakes
(DBN)

Serious charges stick in indictments of officers in Freddie Gray case
(DBN)

'Daredevil' is rated higher than 'House of Cards,' and it's getting amazing reviews on Netflix
(DBN)

______________

Judges:

Bankruptcy Judge Joe Lee: Elizabeth Warren Before There Was an Elizabeth Warren
(DBN)

Gass Weber Mullins partner named bankruptcy judge Milwaukee attorney Beth Hanan named U.S. Bankruptcy Court judge
(DBN)

H3GM bankruptcy head to serve as Middle District of Tennessee magistrate judge
(DBN)

Interview with Judge Catherine Bauer
(DBN)

The US Marshals Service Gets Involved In A Benchslap
(DBN)

Mississippi high court orders judge and PD to ‘make nice’
(DBN)

Quirky Chicago judge helps put accused felons back on track
(DBN)

Judge uses baseball analogy to explain why a cop who shot 15 times at an unarmed couple wasn't found guilty
(DBN)

______________

Wall Street:

Investors dump U.S. stock futures ahead of durable-goods data
(DBN)

Stocks close down in light trading as oil prices fall
(DBN)

Wall Street thinks the 'wife bonus' thing is just a joke and The New York Times didn't get it Why I let my husband pay me a 'wife bonus'
(DBN)

Summertime and the Fed’s making stocks queasy
(DBN)

______________

Layoffs:

BlackBerry to cut staff in smartphone unit BlackBerry CEO: We're going to make money on phones again one day Apple’s Jobs stunned BlackBerry with iPhone
(DBN)

Laid-off law firm workers file WARN suit seeking back pay and benefits for some 700 employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Mass Torts:

Asbestos bill roils public health groups
(DBN)

Rand report: Not identifying bankrupt company’s product as source of asbestos can help lawsuits
(DBN)

Corning Inc. facing asbestos settlements
(DBN)

Asbestos cases linger in courts
(DBN)

In Congress, NY's Silver Case Becomes Asbestos Reform Political Football
(DBN)

Texas bill would toughen rules on asbestos and silica injury claimants
(DBN)

Once vilified, BP now getting credit for gulf tourism boom
(DBN)

____________

Lehman:

Investors waiting to hear from former Lehman CEO
(DBN)

‘Big Short’ Recreates Lehman Bros. Offices in Regulator’s Building
(DBN)

Italian pension fund Enasarco wins $61.5m payout from Lehman
(DBN)

Former trader sues Lehman estate
(DBN)

____________

Religion:

Minnesota Child Victims Act continues to rock Catholic Church
(DBN)

Pope Francis: ‘Wealth not shared generates corruption’
(DBN)

____________

Education:

How to keep the music playing at American Boychoir School
(DBN)

National Sports Academy succumbs to financial troubles
(DBN)

Is the Student Loan Bubble Starting to Pop?
(DBN)

Why Students Say Their Degrees From The Art Institute Are 'Worthless'
(DBN)

____________

Hockey:

Erie Otters owe ex-player Boyes $300,000 in bankruptcy case
(DBN)

____________

Fraud:

Madoff Trustee Picard Presses Claims Against Defunct Avellino and Bienes
(DBN)

Two ex- Madoff employees avoid jail time
(DBN)

PricewaterhouseCoopers Ducks MF Global Suit
(DBN)

Securities Fraudsters Lose 2nd Circuit Appeal
(DBN)

'If you aint cheating, you aint trying' and other ridiculous quotes from the traders who just cost Wall Street $5.8 billion
(DBN)

Book review: 'Empire of Deception' con man rivals Madoff , Ponzi
(DBN)

____________

Retailing:

Fresh Produce to emerge from bankruptcy with smaller store base
(DBN)

Comvest, CapX win bankruptcy auction to buy Karmaloop
(DBN)

RadioShack Real Estate Asset Procedures Approved
(DBN)

A scary reality about Urban Outfitters' customers: they're broke
(DBN)

____________

Soccer:

Still no Parma offers
(DBN)

____________

Economy:

Yellen: If nothing changes, expect higher interest rates this year
(DBN)

Fischer Flagging Gradual Fed Increases Flattens Treasuries Curve
(DBN)

Howard Marks: 'Virtually all assets are trading above their intrinsic value'
(DBN)

These 2 reports will show where economy's heading
(DBN)

Shocker: 40% Now Have Contingent Jobs
(DBN)

G7 finance ministers to address faltering global growth
(DBN)

Who better to judge the market than failed CEO?
(DBN)

People are outraged about a Kansas law that critics are calling a 'tax on the poor'
(DBN)

No, the economy does not have a 'titanic problem'
(DBN)

How the American economic story changed in just a few weeks
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Jeb Bush: Current housing and debt situation unsustainable
(DBN)

Black Knight: Total loans in foreclosure fall to lowest level since 2008
(DBN)

Catsimatidis' Gristedes sues Madison Capital over allegedly unpaid rent at Ansonia - Investment firm accused of misrepresenting its financial stability in bankruptcy court
(DBN)

25 of the weirdest houses from around the world
(DBN)

____________

Municipalities:

Atlantic City bond offering attracts hedge funds as buyers
(DBN)

Choosing Sides in Illinois Pension Dispute
(DBN)

Pensions and Politics Fuel Crisis in Illinois
(DBN)

Chicago's junk status: The basics
(DBN)

Democrats giving no hint of compromise with Rauner on budget
(DBN)

Pennsylvania may need to bail out Scranton pension fund -official
(DBN)

St. Bernard struggles to find solution to maintain levee systems, bankruptcy considered
(DBN)

Is Water Supply a Commodity, a Service, or a Right? 71-year-old Los Angeles widow loses running water over $11,000 bill, survives by toting 50 gallons a week
(DBN)

The 10 Richest Towns in America
(DBN)

____________

Oil/Gas:

Tues. A.M.: Oil drops to $65 on US shale outlook, dollar
(DBN)

Deja vu all over again? Traders bet on oil upside
(DBN)

Oil moves further below $60 as dollar firms up WTI oil futures decline in Memorial Day trade Oil prices steady as firm demand offsets dollar strength
(DBN)

Bankruptcies stack up in the oil industry
(DBN)

No Reason For OPEC To Relent in Oil Market Tussle
(DBN)

Oil Markets Can’t Ignore The Fundamentals Forever
(DBN)

Texas Showing Signs Of Low Oil Price Pressure
(DBN)

Apollo Investment moves Venoco to non-accrual
(DBN)

S&P: Producers could face more serious cash crunch by year end
(DBN)

Oil price slide puts producers under pressure: Hercules Offshore, Seadrill, Petroleo Brasileiro Petrobras SA, Halcon Resources
(DBN)

Long slide in oil price has new impacts
(DBN)

Australia: Energy sector cuts lawyers and relies on finance team for legal brief
(DBN)

____________

Autos:

GM Inquiry Said to Find Criminal Wrongdoing
(DBN)

Fiat Chrysler Falls as M&A Prospects Hit by Report of GM Rebuff
(DBN)

____________

Coal:

Arch Coal In Talks With Restructuring Advisers
(DBN)

Patriot Coal picks buyer for assets in bankruptcy : report
(DBN)

Murray Energy to lay off more than 1800
(DBN)

Coal's worst fears affirmed in analysis of climate plan
(DBN)

____________

Gambling:

Payments resume to some Caesars employees who lost out in bankruptcy
(DBN)

Surviving Atlantic City casinos' operating profit increases
(DBN)

Stockton files complaint against Caesars over Showboat purchase
(DBN)

Boom and bust: Las Vegas' shortest-lived clubs, restaurants and shows
(DBN)

____________

Celebs:

Lee Ryan Feeling Blue in Bankruptcy
(DBN)

Karmaloop 'Starstruck' Over Celebrity Interest
(DBN)

Frederick’s of Hollywood Has Undies of the Rich and Famous
(DBN)

Supreme Court: Former billionaire from Wash. will stay in jail
(DBN)

3 Things Law Students And Young Lawyers Can Learn From The Late Blues Legend B.B. King
(DBN)

Ahmed Zayat, American Pharoah Owner, Calls Lawsuit ‘A Scam’
(DBN)

Former Dallas Cowboy out of prison after serving 3 years for mortgage fraud
(DBN)

____________

Healthcare:

Children's Hospital Bankruptcy Stirs Acrimony in El Paso
(DBN)

Natchez: $500K needed to resolve PERS issue for employees
(DBN)

Agreement reached to sell Saratoga nursing home
(DBN)

IMRIS Files for Bankruptcy with Buyout Offer From Deerfield
(DBN)

Sticker Shock for Some Obamacare Customers
(DBN)

____________

Corporate Reform:

Banks and Punishments
(DBN)

U.S. Senator Warren calls for public hearings on bank waivers
(DBN)

First Libor-rigging case goes to trial
(DBN)

____________

Aviation:

Troubled Malaysia Airlines is planning to undergo a complete overhaul State fund appoints administrator for Malaysia Airlines
(DBN)

Lithuanian airline Air Lituanica grounded due to financial problems
(DBN)

____________

Credit Counseling:

Judge rules defrauded credit counseling customers entitled to $1.45 billion
(DBN)

____________

Amusement Parks:

Conneaut Lake Park Set To Open
(DBN)

____________

Guns:

Armatix in chapter-11 style restructuring
(DBN)

Pentagon clears Colt for $36M foreign military weapon sales
(DBN)

____________

Debt Collection:

WI: State jobs agency has private lawyers seeking bad loan repayment
(DBN)

____________

Construction:

Guam: Judge: IBC may access cash
(DBN)

Gladstone Capital adds GFRC Cladding Systems loan to non-accrual
(DBN)

____________

Finance:

Risky Loans Shunned by Banks Are Booming in Wall Street
(DBN)

____________

Compensation:

Top 10 highest-paid CEOs
(DBN)

____________

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 (12 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Restructuring Firm Chief Expects Renewed Demand in Asia
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Origin of “…the Honest but Unfortunate Debtor”
(DBN)

____________

Bankruptcy Policy:

Investment Incentives, Bankruptcies and Reverse Convertible Debt
(DBN)

____________

Sanctions:

Fake It ‘til You Make It — or at Least Keep the Frivolous to a De Minimis
(DBN)

____________

Structured Dismissals:

Third Circuit OKs Bankruptcy Accords That Skip Creditor Groups
(DBN)

___________

Safe Harbors:

Prioritization and Mutualization: Clearinghouses and the Redundancy of the Bankruptcy Safe Harbors
(DBN)

____________

Mediation:

Should Court Approval Be Required to Engage in Mediation?
(DBN)

____________

Avoidance Actions:

Estate Planning Bar Breathes Sigh Of Relief As Castellano Gets Turned Around
(DBN)

Court Validates Rescue Loan, Rejecting Equitable Subordination and Fraudulent Transfer Claims
(DBN)

____________

Privilege:

Beware: Not All Communications Between Court-Appointed Bankruptcy Professionals Are Privileged
(DBN)

____________

Insurance:

Death-Bond Fraud Was Wide Ranging, Alleges Trustee
(DBN)

____________

Student Debt:

The Student Loan Companies With The Most Complaints
(DBN)

____________

Politics:

Has trade battle helped Liz Warren don the mantle of Ted Kennedy?
(DBN)

Why Nobel economists say Christie's 2016 economic plan is not much of a plan
(DBN)

____________

Sovereigns:

Greece’s misery shows we need Chapter 11 bankruptcy for countries
(DBN)

'Noticeable progress' made in Ukraine debt talks - Finance Minister
(DBN)

Russia: If Ukraine defaults, expect a hard line from us
(DBN)

It’s Deja Vu for Bond Traders as Argentina CPI Is Deemed Unreal
(DBN)

____________

UK:

Barclays paid a trader £170million AFTER the global economic meltdown
(DBN)

5 Points to Know About the FCA’s Probe Into Investment Banks
(DBN)

UK: GDP Per Capita Lower Than Before Crisis
(DBN)

____________

PIIGS:

IMF debt will not be paid on time, says Greek minister The new Greek government's honeymoon is over Greece says wants to make debt payments but needs aid urgently Greek Finance Minister says Athens committed to reforms, rules out more austerity Greek deal hobbled by hard-left split in Syriza party No more 'quick and dirty' fixes for Greece Greece to keep repaying creditors as long as it can: official Krugman: Grexit and the Morning After Greek government rules out imposing controls on money transfers if bailout talks fail Greece needs a second election Greek Finance Minister admits to taping Eurogroup meeting Schaeuble Said to Cite Option of Greek Parallel Currency
(DBN)

Portugal loses yearning for more reform after bailout
(DBN)

Spain's ruling party just had its worst election in 20 years The big reason to worry about Spain’s election
(DBN)

Spanish and Greek concerns peg back European shares
(DBN)

____________

Canada:

U.S. Steel played shell games with Canadian plants, says past Stelco president
(DBN)

Alberta Home Prices to Fall for First Time in CMHC Report Albertan downturn causing rise in personal insolvencies
(DBN)

Orchestra London Files for Voluntary Bankruptcy
(DBN)

____________

China:

China Stalls On Debt Reforms
(DBN)

United PV considering Yingli debt assistance
(DBN)

____________

Vatican:

Vatican Bank Profits Rebound as Clean-Up From Scandals Continues
(DBN)

____________

Cyprus:

MPs warned over changes to foreclosures
(DBN)

____________

Malaysia:

A week of reckoning for MAS 20,000 staff
(DBN)

Why auditors can't guarantee there was no fraud at 1MDB
(DBN)

____________

Thailand:

NLA to convene on Thursday to deliberate bankruptcy bill
(DBN)

____________

Hungary:

Family bankruptcy bill could help 25000 families
(DBN)

____________

MENA:

Israel Refuses To Pay Old Oil Debt To Iran
(DBN)

Agrexco liquidators sue State of Israel
(DBN)

Kuwait Considers New Insolvency Legislation
(DBN)

Defense Secretary: 'We have an issue with the will of the Iraqis to fight ISIL and defend themselves'
(DBN)

____________

Nigeria:

Nigeria's leading cellphone provider is going to shut down if it doesn't get more fuel
(DBN)

____________

South Africa:

Evraz South Africa Asks Court to Annul Sasfin Debtors’ Claim
(DBN)

____________

Japan:

Sharp’s Default Risk Jumps as Government Rescue Prospects Fade
(DBN)

Japanese group Lixil faces losses after unit files for insolvency
(DBN)

Skymark creditor wants to block ANA from buying stake -sources
(DBN)

____________

India:

India’s shadow banks lend where others fear to tread
(DBN)

____________

 


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