May 5, 2015

The Daily Bankruptcy News

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3-Column Formating

 

Law:

On the Scene at Dewey & LeBoeuf Jury Selection
(DBN)

Appeals court greenlights fraud suit against Proskauer related to tax shelter advice • Proskauer Must Face Fraud Claims Over 15-Year Old Tax Shelter
(DBN)

This BigLaw firm is operating without a chairman after posting worst lawyer revenue among top firms
(DBN)

Compensation, Billable Hour Limiting Firms' Success
(DBN)

Winston chairman will earn $1,300 an hour to represent Ferguson in Justice Department probe
(DBN)

‘Eye-Popping’ Lateral Deals Scare Big Law Chairs, Says Law Firm Consultant
(DBN)

Suspended Gibson Dunn Partner Confirms His Departure
(DBN)

The Key to Latham’s Growth: Focus and Consensus
(DBN)

GC Urges Skipping Fancy Dinners
(DBN)

A Woman-Led Law Firm That Lets Partners Be Parents
(DBN)

Lawyer’s ‘tale of apparent injustice’ in appeals brief falls short of argument, 10th Circuit says
(DBN)

Bar admission denied for law grad who used letter of recommendation he won in legal settlement
(DBN)

Is stay-at-home dad necessary for female lawyers with kids? Firm embraces ‘parenting while employed’
(DBN)

Law Revue Video Contest 2015: Honorable Mentions
(DBN)

Will Powerful Technology Replace Lawyers?
(DBN)

The Debate About Large Tech Purchases
(DBN)

Spinning Class with the U.S. Attorney General: Fewer Seats, Many Congratulations
(DBN)

6 Tips For Smarter Lateral Hiring
(DBN)

How Law Firms Can Navigate the Generational Divide
(DBN)

10 Law Schools Most Likely To Help You Land Jobs As Lawyers
(DBN)

75 Outstanding Women Attorneys (2015)
(DBN)

Who Needs Civility Anyway?
(DBN)

A Sick Burn For A Biglaw Partner Who Left His Firm In The Lurch
(DBN)

When A Partner Leaves, Will Clients Follow?
(DBN)

Self-Regulation: A Tale of Two Legal Markets
(DBN)

What’s Next For 147-Year-Old Pillsbury Winthrop
(DBN)

Stupid Prosecution Devolves Into Jury Room Food Fight
(DBN)

7 Things to Know About Marilyn Mosby • The criminal charges in Freddie Gray's case are a big deal • $500,000 bail for a Baltimore protester? Just one thing wrong with how we punish people before they’re convicted. • Baltimore Lifts Curfew • Baltimore is calm following ‘depraved-heart murder’ charge • 15 Baltimore neighborhoods have lower life expectancies than North Korea • The other reason Freddie Gray's Baltimore neighborhood is so angry
(DBN)

Mother of a 12-year-old shot by police says she's now living in a homeless shelter
(DBN)

Barney Frank: Here's the secret to influencing people to get exactly what you want
(DBN)

Stop apologizing, learn to say 'no,' and 7 more tips for women's success at work
(DBN)

15 words to eliminate from your vocabulary to sound smarter
(DBN)

Representing himself, accused art scammer seeks ‘dirty trick’ potty break, labels witness a liar
(DBN)

Florida couple guilty of having s-- on beach; man looking at up to 15 years in prison
(DBN)

Man on lawn mower charged with public intoxication; police say BAC was 5 times legal limit
(DBN)

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Judges:

Power outage closes Houston courthouses, but judge marries one young couple on the sidewalk
(DBN)

After agreeable term, Supreme Court is back to being disagreeable
(DBN)

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Wall Street:

U.S. stocks on track for first loss in 3 days
(DBN)

Wall Street ends on upbeat earnings from Berkshire, Cognizant
(DBN)

Investors borrowing more than ever to buy stocks
(DBN)

Bill Gross: Death coming for me and the bull market
(DBN)

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Layoffs:

Dow Chemical to cut up to 1,750 jobs as part of cost-cutting move
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Aviation:

Airlines report big gains from fees but don't expect lower fares
(DBN)

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Lehman:

US Supreme Court hands win to Barclays over $4 bn in Lehman assets • Barclays entitled to $4bn assets over Lehman Bros collapse
(DBN)

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Gambling:

Say Goodbye to Caesars Entertainment
(DBN)

Gamble and live forever in the new Atlantic City
(DBN)

ACR Energy in court protesting Revel sale proceeds
(DBN)

Let's talk rent, Straub tells tenants
(DBN)

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Electricity:

Judge says ACR Energy can't delay Chapter 11 disclosure
(DBN)

Judge orders mediation in Energy Future bankruptcy
(DBN)

Creditors win big as Energy Future Holdings' bankruptcy plan put on hold
(DBN)

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Mass Torts:

GM ignition-switch death toll rises to 97 • Some victims and families barred from suing GM
(DBN)

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Television:

The country's largest cable provider is undergoing a change that proves television is dying
(DBN)

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Golf:

How NFL owner Bob McNair prevailed in Charleston golf-course bankruptcy
(DBN)

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Retailing:

Hedge Fund Trying To Destroy American Apparel Because It Fired Dov Charney: Lawsuit
(DBN)

Schedule Set for RadioShack Customer Data Sale • RadioShack prepares to sell off data on 67 million shoppers
(DBN)

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Environmental:

DEP blasts Freedom bankruptcy and cleanup plans
(DBN)

W.Va. regulators: Company scheming to limit spill cleanup
(DBN)

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Social Media:

Bankruptcy Law and Facebook and Twitter "Likes"
(DBN)

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Economy:

Ben Bernanke smacks down everyone who says interest rates should be higher
(DBN)

Fed’s Williams ‘Very Optimistic’ on Economy’s Outlook
(DBN)

Fed’s Evans Continues to Advocate for Early-2016 Rate Increase
(DBN)

Buffett misunderstanding of Fed cost him $4 billion
(DBN)

Roubini: Dollar joins the currency wars
(DBN)

Traditional Retirement a Thing of the Past
(DBN)

How to Right America's Capsizing Economy
(DBN)

Death of the American Dream as a big bubble readies to pop
(DBN)

US factory orders rebound solidly, but trend still soft
(DBN)

WSJ/NBC Poll: Economic Mobility Trumps the Income Gap As Bigger Worry
(DBN)

Hotels at Record Occupancy Pace in 2015
(DBN)

Restaurant Performance Index shows Expansion in March
(DBN)

Here's what Warren Buffett told a 7th grader who asked for his advice
(DBN)

Where the Minimum-Wage Fight Is Being Won
(DBN)

Americans now want the government to "redistribute wealth by heavy taxes on the rich"
(DBN)

In the shadows of booming cities, a tension between sunlight and prosperity
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Fed Survey: Banks ease Standards for Residential Mortgages, CRE Loans • Fed: Loan demand surges as standards ease heading into spring
(DBN)

NAHB: Builder Confidence improves Year-over-year for the 55+ Housing Market in Q1
(DBN)

Negative Equity Population Shrinks to Just Over 4 Million • 8% of borrowers underwater
(DBN)

Framing Lumber Prices down Year-over-year
(DBN)

Judge dismisses bankruptcy protection for power plant project
(DBN)

America’s poorest renters are finally catching a break
(DBN)

Americans are running out of places to rent
(DBN)

Commercial, multifamily mortgage originations jump 49% in 1Q
(DBN)

Warren Buffett and Clayton Homes: The real vulture capitalists
(DBN)

___________

Municipalities:

Should Rauner cut pensions to lower debt?
(DBN)

Illinois among "sinkhole states" due to high per-capita debt
(DBN)

Atlantic City NJ - Layoff Plan Nears 200
(DBN)

100 cities in America where the middle class is getting richer
(DBN)

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Food/Beverage:

McDonald's to Refranchise 3500 Restaurants Worldwide • Wall St. fails to savor McDonald's turnaround recipe • McDonald's CEO explains the mistakes that led to the company's downfall
(DBN)

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Weather:

How to solve California's drought • Latest Victim of California's Drought: Water Bonds
(DBN)

People are furious about where Starbucks' Ethos bottled water comes from
(DBN)

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Education:

Corinthian Bankruptcy Caps Biggest U.S. Education Meltdown
(DBN)

A Boon to Big Law Firms as Corinthian Colleges Goes Bust
(DBN)

Corinthian Schools goes broke; all campuses shut down • For-Profit School Corinthian Declares Bankruptcy • Corinthian Colleges Files for Chapter 11 to Liquidate • Corinthian Colleges is out of money and drowning in debt • Corinthian's Failure Is the Government's Failure, Too • Corinthian Colleges Students Plan to Ask for Debt Forgiveness • Students scramble in wake of Corinthian bankruptcy
(DBN)

Corinthian Colleges Secretly Funded D.C. Think Tanks, Dark Money Election Efforts
(DBN)

Kid who got into every Ivy League university is turning them all down
(DBN)

Fewer Than Half of Families Are Saving for College
(DBN)

Blame government cuts for higher tuition
(DBN)

____________

Non-Profits:

Ex-FEGS Chief Sues Bankrupt Charity for $1.3M
(DBN)

____________

Celebs:

There’s A Difference Between Broke And Bankrupt For Ex-NFL Players
(DBN)

____________

Aviation:

PBGC to pay $5.5 million to retired US Airways pilots
(DBN)

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Fraud:

New York Senate leader taken into custody by FBI in corruption case • Criminal Complaint Against New York State Senate Leader Dean Skelos • NY's latest corruption scandal involves the worst thing you can say on a wiretap
(DBN)

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Amusement Parks:

Conneaut Lake Park says it can get $300000 in loans
(DBN)

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Politics:

Bill Clinton defends speaking fees: ‘gotta pay bills’
(DBN)

Carly Fiorina says she is running for president • President Fiorina? Already Forgot H-P Days? • Fiorina Can't be Happy with Website • 12 Things to Know About Carly Fiorina • Carly Fiorina runs as an outsider who can fix big D.C. problems — but her ideas are small
(DBN)

Republican Carson declares bid for president • 9 Things to Know About Ben Carson • Ben Carson Is Fighting a Culture War • Why Is Ben Carson Running for President?
(DBN)

Bernie Sanders: Don't Underestimate Me
(DBN)

The 2016 Presidential Race: A Cheat Sheet
(DBN)

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Telecoms:

Milbank Guides LightSquared to Confirmed Chapter 11 Plan
(DBN)

____________

Religion:

Missoula attorneys: Helena Diocese shows willingness to reform in sex abuse settlement
(DBN)

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Convenience Stores:

No, Couche-Tard’s Circle K Is Not Filing for Bankruptcy
(DBN)

____________

Coal:

Moody's downgrades Walter' CFR
(DBN)

Moody's downgrades Arch's CFR to Caa3, outlook negative
(DBN)

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Software:

Allen Systems emerges from bankruptcy
(DBN)

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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 (69 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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:

Bankruptcy Filings Continue April Decline; Total Has Fallen 47 Percent Since Peak
(DBN)

Commercial Chapter 11 Bankruptcies Drop 41% in April
(DBN)

Rochester: Bankruptcy filings in region jump nearly 10 percent
(DBN)

NH bankruptcies continue to slow in April
(DBN)

Consumer bankruptcies slip 5% in April
(DBN)

The States With the Highest Bankruptcy Rates
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Appeals:

Supreme Court Rejects Homeowner's Bankruptcy Appeal • Supreme Court: Debtors in bankruptcy can't immediately appeal order rejecting a plan • Supreme Court rules denial of proposed bankruptcy repayment plan not final action • Bankruptcy Plan Appeal Fails to Sway High Court
(DBN)

Boston bank scores U.S. Supreme Court win, much to Bank of America’s chagrin
(DBN)

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Equity:

Bankruptcy Courts Are No Longer Courts of Equity
(DBN)

___________

Plan Confirmation:

Gerrymandering the Claims in a Bankruptcy Case
(DBN)

Distributions – Section 1143
(DBN)

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Free and Clear:

New GM Is ‘Free and Clear’ of Old GM’s Ignition Switch Economic Loss Claims
(DBN)

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Bankruptcy Discrimination:

Judge Finds Arvest Violated Bankruptcy Code by Firing Employee
(DBN)

____________

Intercreditor:

A Comparative Overview of Transatlantic Intercreditor Agreements
(DBN)

____________

TBTF:

Buffett Dismisses Idea That Too-Big-to-Fail Applies to Berkshire
(DBN)

____________

Insurance:

D&O Insurance: The Basic Value Proposition
(DBN)

Reps and Warranties Insurance: Why it is Increasingly Common
(DBN)

____________

Oil/Gas:

Is Your ORRI What You Think It Is?
(DBN)

Diamond Offshore sees drilling rig downturn ‘lower for longer’
(DBN)

Oil falls under $59 as China data dull prospects • Only Allah knows about oil prices: Saudi oil chief
(DBN)

Banks are worried that oil-sector loans will turn sour • Bankers: Energy Loans Comprise Less Than 10% Of Portfolios
(DBN)

Oil And Gas NewsWire: A Buyer's Market
(DBN)

W&T Offshore Said to Pay Up for Financing After Credit-Line Cut
(DBN)

Einhorn just came out swinging against the fracking industry • Money manager criticizes big bucks spent on shale wells • Shale Oil Drillers Plunge After Einhorn Slams Fracking Costs • Pioneer Tumbles as Einhorn Attacks Fracking Returns
(DBN)

The U.S. Energy Boom Will Give a Modest Boost to the Economy, an IMF Paper Says
(DBN)

Fitch: Mineral Rights Pose Unique Bankruptcy Challenges for E&Ps
(DBN)

Anadarko writes down $3.7 Billion in value from Utah field
(DBN)

Natural gas may be putting in long-term bottom
(DBN)

Houston Housing Market Holds Up
(DBN)

____________

Consumer Finance:

It’s becoming increasingly hard to get a loan in the Deep South
(DBN)

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Sovereigns:

Judge Griesa orders new hearing for 'me too' bondholders
(DBN)

____________

UK:

Lloyds' bad debt losses drop nearly 60%
(DBN)

Baker Tilly responds to latest personal insolvency figures • Baker Tilly predicts personal insolvencies in first quarter of 2015 to fall to 10 year low
(DBN)

____________

EU:

EU lifts eurozone growth forecast
(DBN)

____________

PIIGS:

Charlie Munger calls Greece a ‘drunken brother’
(DBN)

Grexit may be the best end for a bad marriage
(DBN)

Syriza's 100 days: a slow reckoning with financial reality • Greece's Firebrand Finance Minister Deserves to Be Heard
(DBN)

IMF sharpens its tone on Greece • Greek markets spooked by reports of IMF's debt relief stance
(DBN)

EC slashes Greek growth forecasts
(DBN)

Greece to lobby EU, ECB for swift loan payout
(DBN)

Can the EU Solve the Greek Puzzle While Pushing for Growth?
(DBN)

IMF takes hard line on aid as Greek surplus turns to deficit
(DBN)

Greek Hospitals on the Brink of Bankruptcy
(DBN)

Household debt in Spain falls to its lowest for nine years
(DBN)

____________

Canada:

More seniors filing for insolvency, report says • Ontario Seniors' Insolvency Filings Reveal High Debt Levels: Study • A Retirement Crisis in Canada: Ontario seniors account for one-third of bankruptcies
(DBN)

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China:

This is how China is trying to save its economy
(DBN)

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Venezuela:

Venezuela can now barely keep the lights on
(DBN)

____________

Romania:

Insolvencies down by more than half in Romania
(DBN)

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