October 15, 2015

The Daily Bankruptcy News

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Law:

Dewey Trial Continues After Additional Not Guilty Verdicts Record Deliberations in the Dewey Trial May Signal Hung Jury
(DBN)

Baseball And Big Law
(DBN)

Cause and Effect: How Law Department Demand Is Disrupting the Legal Profession
(DBN)

Survey Finds Uptick in Hiring Law Firms for M&A Work
(DBN)

Lawyers, Law Firms, And A Sophisticated Buyer
(DBN)

Justice Department hires lawyer to fight domestic terrorism; sovereign citizens a key concern
(DBN)

Ageism Knows No Age
(DBN)

Being Greenberg Traurig’s CEO
(DBN)

Big Law Partner: Changes I've Seen Over 25 Years in the Practice of Law
(DBN)

Truth To Power
(DBN)

Lawyerly Lairs: An Acclaimed Actress, Her Biglaw Beau, And Their Multimillion-Dollar Apartment
(DBN)

Product Placement At Law Firms
(DBN)

No more 85ft Helter Skelter rides: Law firm with coolest office moves on
(DBN)

Hogan Lovells joins Ashurst in piloting "fairer allocation" scheme to associates Hogan Lovells denies joining movement to allocate work blindly to junior lawyers
(DBN)

Former Graubard Miller Partner Sues Firm Over Fee Distribution
(DBN)

After Boosting Lawyer Count, Covington Chair Remains at Helm
(DBN)

Don’t Get ‘Friend Zoned’ By Potential Clients
(DBN)

Villanova law school paying a price despite doing right
(DBN)

Cornell 1L Loses His Mind On Message Board, Spars With Dean
(DBN)

Texas A&M Fires Back At Texas Wesleyan Alumni: Things Change. Deal With It.
(DBN)

From Tenured Law Professor To… Stand-Up Comedian? An Interview With Liz Glazer
(DBN)

Gentlemen, here's how you get dressed for work in 5 minutes or less
(DBN)

Man sets Halloween costumes on fire inside Walmart
(DBN)

N---- woman destroys SUBWAY restaurant
(DBN)

UC Berkeley admits professor's conduct was 'contemptible' even though it didn't fire him
(DBN)

Trophy hunters are paying to kill lion cubs bred in captivity — and it’s totally legal
(DBN)

Jury finds 8-year-old not liable for leaping into aunt’s arms and breaking her wrist
(DBN)

Third Circuit Helps New Jersey’s Bid For Relevancy
(DBN)

Gun owner is charged for shooting at tires of fleeing shoplifting suspect
(DBN)

Guns have killed more preschoolers than police officers in the line of duty
(DBN)

City owes $117K in legal fees to critic it sued over meeting clips in his YouTube videos
(DBN)

Gun Shop Held Liable for Injuries to Officers
(DBN)

Former police chief gets time, another takes plea for using stun gun on compliant inmates
(DBN)

Georgia: Cops Tortured Kid to Death
(DBN)

Ohio: Police Shoot 4 Year Old Instead of Dog
(DBN)

Testimony in Arpaio Contempt Hearing Describes a Loosey-Goosey Sheriff's Office
(DBN)

Man is accused of posing as client and shocking lawyer with specialty cane
(DBN)

Lawsuit You Won’t Believe: Students Sue To Keep School Open
(DBN)

Jobless lawyer is accused of robbing bank; his mother thought he was applying for work
(DBN)

Lawyer Arrested On Murder Charges Allegedly Threatened: Snitches Get Stitches!
(DBN)

People Now Shot by Toddlers Every Week
(DBN)

Patron Arrested For McDonald's Condiment Attack
(DBN)

The NYPD is using X-ray vans that can see into cars and homes
(DBN)

The Enviable Legal Career Of Perry Mason
(DBN)

______________

Judges:

Judge found guilty of lying about attack outside courthouse gets 6 months
(DBN)

Man faces terrorism charge after driving through courthouse doors during traffic stop
(DBN)

Judge is removed from office for living outside district and lying about doing so
(DBN)

Wilson Sonsini Partner Picked by Gov. for Del. Chancery Court
(DBN)

______________

Wall Street:

Wall Street set for gains
(DBN)

US stocks drop
(DBN)

______________

Layoffs:

Tulane to offer buyouts, consider layoffs
(DBN)

Aston Martin to cut up to 295 jobs as a part of restructuring
(DBN)

Mineworkers rally in Brookwood as more layoffs loom
(DBN)

LivingSocial announces 200 North American layoffs, including 30 at its D.C. headquarters
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Student Debt:

Obama Administration Hits Back at Student Debtors Seeking Relief
(DBN)

How Montana State Educates Students on College Debt
(DBN)

____________

Education:

EDMC, federal government close to settling multibillion-dollar suit
(DBN)

____________

Coal:

UMWA to protest in Brookwood against Walter Energy cutting benefits
(DBN)

Coal companies have a final dirty trick for miners
(DBN)

Who Wants to Buy a Coal Mine?
(DBN)

Community rallies around coal miners while layoffs continue
(DBN)

Should Investors Worry About Teck Resources Ltd.'s Debt Downgrade?
(DBN)

____________

Politics:

Fact-checking the first Democratic presidential debate 'Flawless' Focus groups: Clinton lost the debate for being "tame." Sanders won because he's "strong." Democratic Debate Clocks Record 15.3M Viewers For CNN Even Without Joe Biden Democrats Wasted Their Chance to Test Clinton Clinton in Command as Rivals Hold Their Fire The Hillary and Bernie Show Glass-Steagall: It's the Politics, Stupid! A handy Venn diagram of the very different debates Republicans and Democrats are having
(DBN)

Hillary Clinton towers over her debate rivals Body language expert: Hillary owned the debate from the moment she walked on stage Hillary Clinton was right: The economy has done better under Democrats
(DBN)

TiVo credits Sanders with top debate moment 8 questions about democratic socialism and Bernie Sanders’s vision for the United States Why Bernie Sanders loves Denmark but Hillary Clinton doesn’t
(DBN)

The Debate Was Great for Joe Biden
(DBN)

The candidate winning on social media
(DBN)

The Tea Partier Who Loves Wasting Billions
(DBN)

Lincoln Chafee gave one of the worst answers in presidential debate history
(DBN)

Marco Rubio doesn't support raising minimum wage, but also doesn't believe that people can live on $11 per hour
(DBN)

Trump: Economic bubble about to burst
(DBN)

6 questions about socialism you were too embarrassed to ask
(DBN)

____________

Banking:

Wells Fargo beats expectations with 3Q revenue of $21.88B
(DBN)

Bank of America beats expectations despite declining 3Q revenue Legal Bills Plummet, Trading Hangs On
(DBN)

Breaking Down JPMorgan's Earnings Disappointment
(DBN)

The CFO of America’s biggest bank just fired a warning shot
(DBN)

____________

Retailing:

Wal-Mart cuts profit outlook Wal-Mart stock on track for the worst day in its history Wal-Mart plunge is tipping point for e-commerce: VC Wal-Mart just made things worse for everybody else Walmart is finally paying the price Why Wal-Mart’s plunge is bad news for the market Buffett’s $390 million Wal-Mart loss is nothing next to the Waltons’ hit
(DBN)

U.S. retail sales slow toward end of summer
(DBN)

Oaktree May Combine Reorganized Quiksilver With Rival Billabong
(DBN)

Fast Retailing’s US struggles at the root of profit woes
(DBN)

____________

Fraud:

Bankruptcy Filers Beware: Con-Artists Posing As Attorneys
(DBN)

Ex-Rabobank traders rigged Libor for 'unfair advantage', US tells jury
(DBN)

First Madoff auditor case goes to trial Investor Seeks to Hold Ernst & Young Liable for Madoff Losses
(DBN)

7 of the biggest corporate scandals
(DBN)

____________


Economy:

Economy in U.S. Expanded Modestly Since Mid-August, Fed Says
(DBN)

Weak US retail sales, inflation data cloud rate hike outlook
(DBN)

America's Working Class Blues
(DBN)

The greatest American debt selloff in 15 years
(DBN)

Global Yields Slide to Least Since April on Shifting Fed Outlook
(DBN)

Corporate America's Epic Debt Binge Leaves $119 Billion Hangover
(DBN)

NFIB: Small Business Optimism Index increased in September, Solid Improvement in Hiring
(DBN)

NBER Paper: "Strategic default rarely occurs"
(DBN)

Fed Governor Daniel Tarullo: "I wouldn't expect it to be appropriate to raise rates this year"
(DBN)

Surprising Fed paper drops a dovish bombshell
(DBN)

Consumers shutting down as US economy deflates US consumer finally losing the will to shop
(DBN)

DLA Piper Senior Policy Advisor Bart Chilton
(DBN)

Bernanke Sees Risks In Global Economy
(DBN)

Here's Why Goldman Economists Expect Even Lower U.S. Unemployment
(DBN)

There's an emerging solution to the debt ceiling mess
(DBN)

CBO: Debt Limit Has to Be Raised in 30 Days
(DBN)

Debt-limit anxiety is running high
(DBN)

There Are More Poor People In America Than China
(DBN)

One signal of the 'real economy' has sunk to it's worst showing in 5 years
(DBN)

America's Campaign to Ditch Workers' Comp
(DBN)

Ben Bernanke on why he was right about the economy
(DBN)

Inequality in everything: The rich get better breakfast sandwiches, too
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Equitable Liens: No Mortgage Does Not Necessarily Mean No Lien
(DBN)

5 States Still Hot Spots for Foreclosures
(DBN)

Bank repossessions up 66% in third quarter from 3Q14
(DBN)

MBA issues warning: CFPB is coming for marketing services agreements CFPB, regulatory concerns drive Bank of America out of MSAs
(DBN)

Mortgage applications tumble more than 25% due to TRID MBA: Mortgage Applications Down Sharply due to TILA-RESPA regulatory change
(DBN)

FNC: Residential Property Values increased 5.5% year-over-year in August
(DBN)

Is the rental market about to bust?
(DBN)

Federal Court of Appeals hands MERS another victory
(DBN)

Seattle homes selling in 5 days —and over asking price
(DBN)

Watch the spread of million-dollar homes consume a city
(DBN)

Downtown Miami condo market may be set for a fall
(DBN)

Gemini Real Estate Moves Forward With Bankruptcy Auction
(DBN)

____________

Municipalities:

Puerto Rico’s Slide
(DBN)

Puerto Rico, Treasury in Talks to Restructure Island's Debt Treasury says not in talks to undertake Puerto Rico obligations
(DBN)

Puerto Ricans leave in record numbers for mainland U.S.
(DBN)

Seven Ways Congress Can Help Solve Puerto Rico's Debt Crisis
(DBN)

Chicagoans' Cost to Exit Swap Agreements Approaches $300 Million
(DBN)

Muni-Bond Buying Falls to Decade Low as Investors Balk at Yields
(DBN)

Illinois delays lottery payouts amid budget drama
(DBN)

____________

Oil/Gas:

Oil prices under pressure Current Oil Price Rally Will Fizzle Out Say Analysts
(DBN)

Operating in a World of $50 Oil
(DBN)

Wall Street Setting Aside More Cash to Cover Weakening Oil Loans
(DBN)

No end in sight as oil bust intensifies
(DBN)

Barclays: Oil prices are going to come surging back much faster than the market expects
(DBN)

How Many More Oil & Gas Companies Will File for Bankruptcy?
(DBN)

Houston law community to shrink amid oil slump
(DBN)

Wilbur Ross Turns to Ex-TXU CEO to Save Exco
(DBN)

Oil Slide Means ‘Almost Everything’ for Sale as Deals Accelerate
(DBN)

Rig Trends: Offshore Rig Supply/Demand Gap Continues to Widen
(DBN)

Can The Oil Industry Really Handle This Much Debt?
(DBN)

Ludicrous Proposal By Venezuela’s Maduro To Combat Oil Price Damage
(DBN)

Texas comptroller Hegar concedes budget forecast was too rosy Texas Sees Tax Revenue Down $2.6 Billion On Oil Rout
(DBN)

Magnum Hunter Needs To Eliminate Over 75% Of Its Interest And Dividend Payments To Become Competitive
(DBN)

The End Of The Oil Major?
(DBN)

Why Everything's Up for Sale in the Oil Industry
(DBN)

Primera trustee wants to sell oil wells
(DBN)

Weak Economic Data Hamstrings Oil Rally
(DBN)

North Dakota oil output slips again as outlook for industry gets bleaker Federal rules, more than prices, threaten North Dakota’s oil output, industry official says
(DBN)

Report: Low Oil Prices Pressure Regional Banks
(DBN)

Wall Street firms that bankrolled oil boom are hurting
(DBN)

____________

Aviation:

Aeroflot to help 230,000 stranded Transaero passengers
(DBN)

Aeroflot Seeks to Exit Deal for 22 Boeing Dreamliner 787s
(DBN)

Boeing: What Transaero's Bankruptcy Means For The 747-8 Program
(DBN)

Flying American? Better Check in Early
(DBN)

____________

Celebs:

'Dance Moms' star indicted on bankruptcy fraud charges Feds: 'Dance Moms' star hid show income in bankruptcy Is Dance Mom’s Abby Lee Miller Headed to Jail for Bankruptcy Fraud
(DBN)

50 Cent pokes fun at money troubles by spelling out 'broke' in $100 bills 50 Cent Is Trolling Anyone That Thinks He's Broke 50 Cent Defines The Word "Unbothered" Over Bankruptcy Jabs
(DBN)

'Sister Wives' Stars Secrets Exposed: Was Huge Debt The Reason They Put Family At Legal Risk?
(DBN)

David Cassidy: Former "Partridge Family" star pleads not guilty in hit and run Denies Leaving Scene Of Car Accident
(DBN)

Teresa Giudice To Write Tell-All About Bankruptcy Experience
(DBN)

____________

Healthcare:

Bankruptcy Trustee Asks Judge For Approval To Sell Hutcheson Medical Center At Auction Trustee: Hutcheson Medical Center must be auctioned off
(DBN)

El Paso Children's Hospital board approves joint plan with UMC, details of plan revealed El Paso Children’s Hospital, UMC, county commissioners reach agreement, file joint plan
(DBN)

Ex-CEO of defunct Chicago hospital gets 21 months for perjury
(DBN)

Allergan’s Kythera to Lay Off 117
(DBN)

15M uninsured individuals eligible for Medicaid or subsidized coverage
(DBN)

This study is forcing economists to rethink high-deductible health insurance
(DBN)

____________

Resorts:

U.S. Judge Dismisses Baha Mar's Chapter 11 Filing
(DBN)

____________

Tax:

Lawyers attack offshore tax evasion plans
(DBN)

____________

Bankruptcy Crimes:

Scranton: Man faces fraud charges
(DBN)

IL: Gambling addiction fueled businessman's financial crimes
(DBN)

____________

Food/Beverage:

Iconic Sinbad's restaurant at San Francisco's Pier 2 files for bankruptcy
(DBN)

A&P clean-up auction possible for unsold stores
(DBN)

____________

Corporate Reform:

Nothing has changed since the 2008 crash and it's 'disgusting,' says an ex-Barclays exec
(DBN)

____________

Shipping:

REJECTED! The power to reject charterparties in US Bankruptcy proceedings
(DBN)

South African enforcement of Chapter 11 bankruptcy orders
(DBN)

____________

 


New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (29 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)
(DBN)

Seminars - (Contact us to list your seminar)

______________

Bankruptcy Reform:

Should Congress Rebalance Employee and Retiree Rights in Bankruptcy?
(DBN)

____________

Mootness:

Divided Third Circuit Partially Stays Sale of Casino Pending Commercial Tenant’s Appeal
(DBN)

____________

Claims:

Remembrance of Claims Past: The Due Process Owed to Unknown and Unknowable Future Claims
(DBN)

____________

Service:

Bankruptcy Rule 7004(H) after Espinosa: A Timely Distinction between Constitutional and Statutory Service
(DBN)

____________

Contempt:

Sherlock's Admonition: Vindicatory Contempts as Criminal Actions for Purposes of § 362
(DBN)

____________

Arbitration:

The Effect of Insolvency on Pending International Arbitration: What is and What Should Not Be
(DBN)

____________

Automatic Stay:

Nondebtor Alter Egos Don’t Automatically Benefit from the Automatic Stay, Says New York’s Eastern District
(DBN)

____________

Sanctions:

Rule 9011 is Applied Much Harsher to Bankruptcy Cases than its Rule 11 Counterpart!
(DBN)

____________

Recent Pleadings:

Court Approves $17M Sale of Odyssey Specialty Vehicles (Echostar)
(DBN)

______________

Mining:

Molycorp Creditors Ask Court for Help in Oaktree Probe Molycorp's unsecured creditors want Oaktree's actions investigated
(DBN)

____________

Software:

PE-backed Convenant Review buys PacerMonitor
(DBN)

____________

Religion:

Pope asks forgiveness after sex scandals rock Vatican and Rome
(DBN)

____________

Mass Torts:

Asbestos firm files appeal in effort to dismiss racketeering case against it
(DBN)

____________

Accounting:

Ernst & Young Confronts Madoff's Specter in Trial Over Audits
(DBN)

____________

Autos:

Germany orders recall of Volkswagen cars VW: Another Defeat Device Admitted on 2016s VW: New North American Head Quits VW: Dozens of Managers Involved in Deception
(DBN)

____________

Lehman:

Court Largely Dismisses Lehman's $8.6 Billion "Slush Fund" Claims Against JPMorgan
(DBN)

____________

Internet:

Angie's List: Chances of Bankruptcy are High
(DBN)

____________

Hollywood:

Relativity Bankruptcy : Television Execs Will Stay Aboard After Sale
(DBN)

Director John McTiernan Wants to Make a 'Thomas Crown' Sequel to Fight Bank Liquidation
(DBN)

____________

Gambling:

DiNapoli: NYRA still lacks priorities in capital planning
(DBN)

Fight over Revel heat, electricity gets uglier
(DBN)

DraftKings is in trouble again
(DBN)

____________

Taxis:

Yellow Cab of Reno files for bankruptcy
(DBN)

____________

Publishing:

Gospel Light Christian Publishing Company to Be Sold In Bankruptcy Auction
(DBN)

____________

Sovereigns:

Paul Singer: Developed countries are hopelessly and utterly insolvent
(DBN)

____________

UK:

The UK New SIP 16 and Pre-pack Pool
(DBN)

'Ringfenced' U.K. banks need extra capital
(DBN)

Tesco CEO Lewis Shuns More Quick Fixes to Retailer's Debt Woes
(DBN)

Directors of failed City Link to face criminal charges over collapse Directors face trial in November
(DBN)

Lying Husbands Pave Way for Bigger U.K. Divorce Payouts
(DBN)

Sharp China slowdown hits Burberry sales
(DBN)

Retailers' risk of insolvency is dropping, claims report
(DBN)

____________

PIIGS:

Bank of Italy extends special administration for Banca Marche -source
(DBN)

6 reasons you shouldn't buy the Spanish government's 'rose-tinted' version of reality
(DBN)

____________

Canada:

The View From Up North: Welcome To Our Newest Supreme Court Judge — I Think
(DBN)

____________

China:

China economic growth seen slowing despite policy easing
(DBN)

The Next China Default Could Be Days Away as Steel Firms Suffer
(DBN)

China Said to Loosen Rules on Issuance of Corporate Bonds
(DBN)

China's economic turmoil is part of Xi's grand plan
(DBN)

____________

Brazil:

Brazil's Next Big Crisis Is Scaring Bankers and Wiping Out Jobs
(DBN)

Brazil's deepening recession worries bankers, fuels job cuts
(DBN)

Latest Symptom of Brazil's Misery: Once-Great IPO Market Is Dead
(DBN)

____________

Ukraine:

‘Bribery, Back Room Dealing, And Bullying’ In Ukraine: The Origins of Burisma
(DBN)

____________

Ghana:

Ghana May Raise $500 Million More in Debt, Minister Says
(DBN)

____________

Austria:

Heta Creditors Dismiss Austrian Bail-In as Doomed to Failure
(DBN)

____________

Russia:

Putin's Fake Good News on the Economy
(DBN)

Rusal President: Worse to come for Russian economy
(DBN)

____________

Australia:

Half of WA potato businesses may be bankrupt in three years
(DBN)

Australian Jobs Unexpectedly Fall in September
(DBN)

____________

Japan:

Japan factory output slumps, hints at recession
(DBN)

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