May 27, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

Opening statements start in criminal trial of ex-Dewey executives Prosecutor Alleges Dewey & LeBoeuf Cooked the Books for Years Prosecution Makes Its Case Against Former Dewey Leaders Prosecutor: Dewey Ex-Leaders Oversaw Plan to Mask Finances Live Blog Dewey Trial: Opening Arguments Jury Consultant: Dewey Lawyers Face High Bar at Trial NY Big Law Abuzz Over Dewey Trial More Litigation Arising From Firm's Failure After two year investigation, the trial of Dewey’s senior management kicks off with contest over the cause of the firm's collapse Stage Set for Dewey & LeBoeuf Trial with Opening Remarks
(DBN)

Merger Activity Continues… Why?
(DBN)

Skadden D.C. Really Has No Idea What It’s Doing
(DBN)

Why Lawyers Are So Bad At Persuading
(DBN)

There’s a New Kind of Lateral Hiring Going On
(DBN)

GC: ‘General Consigliere’ It’s a whole new world for general counsels, according to GC panel
(DBN)

Charleston School of Law lays off seven more faculty members, plans to enroll fall class
(DBN)

The Absolute Worst Way To Run A Law School
(DBN)

‘Don’t Be A**holes': The Graduation Speech You Must See
(DBN)

Columbia Law Speaker: Remember The Roots of Law
(DBN)

Commencement Speaker Tells New York Law School Grads To ‘Go Play In Traffic’
(DBN)

Looking for law schools? Yelp says it can help
(DBN)

Networking for Misanthropes – Showing Up
(DBN)

Gartner Report: eDiscovery Software Revenue at $1.8b
(DBN)

$200K sanction could close my law firm, lawyer tells court
(DBN)

Military Provided First Training for Some in Big Law
(DBN)

Liar! Three ways to tell if someone is lying
(DBN)

53 commonly misused words that can make you look dumb
(DBN)

Paralegal points way to $4.25M judgment reversal; defense now seeks $1.8M from plaintiffs and lawyer
(DBN)

Roller Derby Law Grad Skates on to Federal Clerkship
(DBN)

Apple's next iPhone could come with a type of screen that's unlike anything we've seen on a smartphone
(DBN)

11 things you didn't know about texting on your iPhone
(DBN)

Jenner & Block To Unveil ‘NextJen’ Desktop
(DBN)

The Best Gear for Travel
(DBN)

Lawyer lied about mother’s death to excuse discovery delay, ethics officials allege
(DBN)

Led Zeppelin denies most allegations in ‘Stairway to Heaven’ suit, but admits ‘exceptional talent’
(DBN)

Judge Expunges Duggar Child Molestation Record
(DBN)

Man finds occupied casket on Houston road
(DBN)

Sanctioning Judicial Discourtesy
(DBN)

‘Oxford law student’ offers Obama herd of cows, sheep and goats to marry daughter
(DBN)

How not to behave in court
(DBN)

App records cop during drunken-driving stop, will call a lawyer if not shut off in 45 minutes
(DBN)

NYPD: Teen Stole Lexus, Came Back Two Days Later to Steal Same Lexus
(DBN)

______________

Judges:

Sotomayor V. Roberts Smackdown As Supreme Court Expands Power Of Bankruptcy Courts - "Anna Nicole smiles approvingly"
(DBN)

Supreme Court to soon rule on 13 important cases
(DBN)

Woman's Insane Behavior Gets Her Thrown Off Judge Judy , Drug Tested
(DBN)

Judge Lee: bankruptcy judge who cared
(DBN)

______________

Wall Street:

US stocks set to bounce back, dollar in focus
(DBN)

Wall St. drops on rate concerns, Greece Stocks tumble as Dow falls nearly 200 points
(DBN)

______________

Layoffs:

Ore market woes trigger more Iron Range layoffs
(DBN)

500-plus workers may lose jobs as 3 N.J. grocery distribution centers close
(DBN)

Large Law Firm Faces Class-Action Suit After Laying Off Nearly 700 Legal Professionals
(DBN)

San Diego's Union-Tribune lays off 178 employees after sale to Times owner
(DBN)

The 8 biggest job-killing companies
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Banks say practices that led to conspiracy charges will continue
(DBN)

____________

Telecoms:

Nortel: More Universalist Than Not
(DBN)

____________

Healthcare:

Tales of an accidental hospital CEO
(DBN)

What's next for El Paso Children's Hospital
(DBN)

Crowd gathers for prayer vigil at closed Yadkin hospital
(DBN)

Hutcheson hospital in Fort Oglethorpe courts suitor
(DBN)

Pennsylvania hospital margins tighten
(DBN)

____________

Religion:

Gallup Diocese Seeking to Sell Land to Pay Victims
(DBN)

Jury acquits ex-priest accused of abuse in Hastings church
(DBN)

Seventh Circuit Holds that the Religious Freedom Restoration Act does not Apply in Cases Where the Government is not a Party, and Further Holds a Creditors Committee is not “the Government”
(DBN)

____________

Celebs:

50 Cent's Boxing Promotions Company Files For Bankruptcy 50 Cent dodges court as s-- tape trial set to begin 50 Cent’s baby mama drama worsens after lawyers try to hide millions
(DBN)

David Cassidy’s Fort Lauderdale House on Auction Block
(DBN)

____________

Aviation:

Still Reeling From MH370 And MH17, Malaysia Airlines Expected To Lay Off Thousands This Week
(DBN)

Skymark creditor wants to block ANA from buying stake -sources Skymark restructuring plan with ANA support meets Airbus opposition - sources
(DBN)

____________

Corporate Reform:

‘Greedy’ alleged Libor ringmaster in court
(DBN)

____________

Steel:

Potential buyer wants to keep Georgetown steel mill open
(DBN)

____________

Politics:

The decline of Rand Paul Rand Paul takes liberty with the truth in attack on Hillary Clinton's handling of Libya
(DBN)

Fox Rips Huckabee and His Tax Plan
(DBN)

____________

Economy:

Consumer confidence rises slightly in May
(DBN)

It's ugly in Texas Dallas Fed: Texas manufacturers slumped to Great Recession-level output in May
(DBN)

Deutsche Bank shows us the financial crisis was even worse than we thought
(DBN)

Four Fed banks renewed call for discount rate hike: minutes Minutes show it — there’s less agreement at the Fed Fischer: Fed Rate Hikes May Trigger Global Volatility Fed’s Lacker still unsure about June hike Bumpy road ahead when Fed finally raises interest rates
(DBN)

Study: 41 percent expect no Social Security benefits
(DBN)

Goldman: The World is Drowning in Debt
(DBN)

Business investment climbs as factories thaw from winter Orders for Capital Equipment in U.S. Climb for Second Month
(DBN)

With victory in L.A., the $15 minimum wage fight goes national
(DBN)

The taming of the Fed's balance sheet
(DBN)

Fischer Says Fed Could Slow Rate Rises If Global Growth Falters
(DBN)

Bond traders uncover secret to interest rates that the Fed just doesn't seem to get
(DBN)

S&P 500: 25 Largest Companies & their Cash Holdings
(DBN)

These states rob from the poor and give to the rich
(DBN)

Billionaire boom may be ending China creating new billionaire -- every week
(DBN)

Unravelling 'gap risk' at Deutsche Bank
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

New home sales, prices rise strongly in April Comments on New Home Sales Survey says: Home prices keep rising
(DBN)

Housing Bubble? Despite Rising Prices, Most Economists Still Say No
(DBN)

One reason new-home sales are still so low: New-home prices are still out of reach for many Americans
(DBN)

Young people are investing in real estate — just not the same kind as their parents
(DBN)

US home prices rise in March: S&P/Case-Shiller Case-Shiller: National House Price Index increased 4.1% year-over-year in March
(DBN)

Horowitz facing loss of Cannon Building and Montana estate
(DBN)

Highland Capital Sues Credit Suisse Over Soured Loans
(DBN)

Taylor Commons, Pittston Crossings shopping centers seek bankruptcy protection
(DBN)

The World's Most Expensive Spec House Grows Like Cancer
(DBN)

____________

Municipalities:

Detroit water shutoffs continue Tuesday; Company donates $1 million
(DBN)

Thousands of Detroit Properties "Revert" Back to Government Ownership
(DBN)

Atlantic City school employees to receive layoff notices Tuesday
(DBN)

Already deep in debt, Puerto Rico now faces a new crisis
(DBN)

Puerto Rico’s 10 Percent Yields Prove Too Tempting for Goldman to Skip
(DBN)

Puerto Rico Lawmakers Pass Sales-Tax Boost to Ease Cash Crunch
(DBN)

Bankruptcy = "Bailout"?
(DBN)

Chicago’s Wall Street Reprieve Spurs Rally Before Junk-Bond Sale
(DBN)

Chicago is What a Pension Crisis Really Looks Like for Kentucky
(DBN)

____________

Oil/Gas:

Weds. A.M.: Oil attempts to rebound Oil Prices Rise Ahead of Supply Data
(DBN)

Tues. P.M.: Oil futures finish at a one-week low Crude oil is getting smoked Oil seen by JPMorgan bottoming as Goldman Sachs still bearish Surging dollar pressures stocks, gold, oil
(DBN)

Iraq about to flood oil market in new front of OPEC price war
(DBN)

A single oil rig was shut down last week, extending six month decline
(DBN)

Torchlight Energy Resources offers $1M in securities while creditors loom
(DBN)

Oil prices hit struggling oil companies
(DBN)

Endeavour International Notice of Auction Filed
(DBN)

Gulf Marine Fabricators Announces 554 Layoffs
(DBN)

The next fracking boom could be in Saudi Arabia
(DBN)

This is how reliant Saudi Arabia is on oil money
(DBN)

____________

Gambling:

New Jersey college sues Caesars over shuttered Showboat Stockton University seeking $22M Battle between Stockton, Showboat heads to bankruptcy court Deed restrictions at heart of Stockton's claim against Caesars, Showboat
(DBN)

Costs from Stockton University's casino purchase grow
(DBN)

Straub says Revel casino won't reopen this summer Ongoing Dispute Over Electrical Service
(DBN)

____________

Utilities:

Report: CUC faces collapse or insolvency
(DBN)

____________

Satellites:

NewSat cut from Lockheed contract NewSat crashes to earth in US bankruptcy court
(DBN)

____________

Personal Finance:

A financial planner outlines the top 10 money goals everyone should have
(DBN)

____________

Fraud:

Six FIFA officials arrested in $100M corruption probe U.S. Starts World Cup Bribery Sweep; Swiss Police Raid Hotel
(DBN)

____________

Taxis:

Taxi drivers fight back against Uber and Lyft
(DBN)

____________

Weather:

Epic Texas rainfall floods parts of Houston, Austin, Dallas; Thousands displaced Pictures Floodwaters deepen in Houston after city gets more rain Homecoming Queen Swept Away In Floodwaters Coming Home From Prom
(DBN)

____________

Private Equity:

Firm behind PennySaver closure cited in abrupt shutting of Wisconsin dairy
(DBN)

____________

Autos:

Goldman: 7 Megatrends Altering Car Industry
(DBN)

____________

Debt Collection:

Reach Of Fair Debt Collection Practices Act Expanded To Formal Foreclosure Pleadings In Recent Third Circuit Decision.
(DBN)

____________

Private Clubs:

The Kansas City Club padlocks doors, pursues bankruptcy History can't save Kansas City Club from closing
(DBN)

____________

Privacy:

IRS: Thieves stole tax info from 100,000 people
(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 (27 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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)

______________

Jurisdiction:

Supreme Court Backs Power of Bankruptcy Judges Some Guidance from SCOTUS on Stern v. Marshall! (And What You Really Need to Know) Supreme Court clarifies bankruptcy judge powers Wellness Case Brings Healing for Bankruptcy Court Authority High Court Expands Role of Bankruptcy Courts Bankruptcy judges may decide related issues with parties' consent, Supreme Court rules Supreme Court Decides Wellness International Network, Ltd. v. Sharif
(DBN)

Springtime is Stern Time
(DBN)

Bankruptcy Judges May Adjudicate Stern Claims with Parties' Consent
(DBN)

SCOTUS and Bankruptcy Court Jurisdiction Regarding Adjudication of Claims Related to Mass Tort Bankruptcies
(DBN)

____________

Corporate Governance:

Delaware Chancery Court Holds that Creditor Plaintiffs in Derivative Suits May Satisfy Standing Requirement by Showing Corporation’s Insolvency at Time of Suit, Regardless of Later Solvency
(DBN)

Recent Case Highlights Current and Evolving Fiduciary Duty Law
(DBN)

Delaware Court of Chancery Addresses Derivative Standing, Solvency Issues, and the Law Governing Breach of Fiduciary Duty Claims
(DBN)

____________

Cross-Border:

2015 Cross-Border Lending and Secured Finance Guide
(DBN)

____________

Court Access:

To Seal or Not To Seal: Access To Commercially Sensitive Information In Bankruptcy Proceedings
(DBN)

____________

Bankruptcy Rules:

2015 Amendments to the Federal Rules and Potential Changes in 2016
(DBN)

____________

Sales:

Credit Bidding Rights Stalled: In re Fisker Automotive
(DBN)

____________

Plan Confirmation:

U.S. District Court affirms use of below-market interest rates in “cramdown” of secured creditors under Chapter 11 bankruptcy plan
(DBN)

____________

Unexpired Leases:

Delaware Bankruptcy Court Weighs in on Limits to Landlord’s Lease Damages
(DBN)

____________

Insurance:

Trustee Wants to Use Assets for Victims
(DBN)

Judge Approves Sale of Doral Insurance Unit
(DBN)

____________

Litigation:

Florida Court Rules Technical Admissions Cannot Overcome Facts Already in the Record
(DBN)

____________

TBTF:

The Wrath of Hank: Ex-AIG CEO Greenberg Won’t Give Up at Age 90
(DBN)

Big Banks Still Seen as Too Big to Fail, Fed’s Lacker Says
(DBN)

____________

Coal:

Arch Coal In A Serious Down Slide Arch coal shares tumble following report of restructuring talks
(DBN)

US coal shares tumble to record lows after job cuts, restructuring
(DBN)

____________

Hotels:

Company that owns Butte hotel files for bankruptcy
(DBN)

____________

Education:

Ivy League Presidents Are Starting to Get Paid Like Corporate Executives
(DBN)

____________

Sovereigns:

Ukraine sees early debt restructuring after Ukreximbank deal
(DBN)

The legal reality of Ukraine's debt plan
(DBN)

ICMA Publishes Updated Model Sovereign Bond Clauses
(DBN)

____________

UK:

Former Keydata CEO faces record £75m fine over ‘death bonds’
(DBN)

Take Note: Amended UK Insolvency Law Now In Force
(DBN)

Why U.K. leaving the EU wouldn’t make much difference
(DBN)

Number of Personal Insolvencies in Scotland is Lowest in a Decade
(DBN)

____________

EU:

EU Rules Prescribe More Austerity For Crisis-Weary Nations
(DBN)

____________

PIIGS:

Krugman: Grexit and the Morning After Greece must stay in euro but work to avoid default: German economic adviser Greece says ATM levy, bank transaction tax no longer being discussed ECB to Leave Emergency Aid Level for Greek Banks Unchanged Greece Will Make its Next IMF Payment, Says Yanis Varoufakis With Money Drying Up, Greece Is All but Bankrupt Fears over economic meltdown as Greece 'set to default' 'Little Time Left for Greece'
(DBN)

Angela Merkel's fear of Russia could turn her into Greece's unlikely savior
(DBN)

Meet One of the Most Hated Men in Greece
(DBN)

Fragmented Spain sees borrowing costs edge up after regional elections
(DBN)

____________

Canada:

Lower Oil, Sluggish Economic Growth to Test Canada's Banks
(DBN)

____________

Australia:

Insolvency reform - Productivity Commission weighs in -- U.S. Chapter 11 is a no-go
(DBN)

____________

France:

French corporate insolvencies decline as economy picks up steam
(DBN)

____________

China:

Bernanke: No risk of hard landing in China
(DBN)

____________

South Korea:

Pantech on verge of bankruptcy
(DBN)

____________

 


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