December 16, 2013

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Cahill Gordon Tops Market With ‘Special’ Bonuses
(DBN)

Kaye Scholer ups ante, will pay bonuses of $10K to $80K in its two-tier plan --- Kaye Scholer Rewards Big Billers With Extra Cash
(DBN)

Kirkland & Ellis LLP Achieves Landmark Trial Victory for Tronox Litigation Trust
(DBN)

In-House: Answers to Commonly Asked Questions for the Year-End
(DBN)

A New Paradigm For Attorney Time Management
(DBN)

Growing Pains: The Necessity of Fear
(DBN)

When Lawyers Instigate Their Clients
(DBN)

Business of Law
(DBN)

Art, Life, and A Big Law Lesson From The Good Wife
(DBN)

Curious beasts: Lawyer 2B looks at the myths and reality of American firms in London
(DBN)

Big Firm Tie-Ups Abroad Keep 2013 Merger Mania Alive
(DBN)

A&O unveils business-focused course for incoming lawyers
(DBN)

Contract Attorney Wins Battle. . . Status of War Unclear
(DBN)

‘I Consider Law School A Waste Of My Life And An Extraordinary Waste Of Money'
(DBN)

Alan Dershowitz Says Goodbye to Teaching Law (But Not to The Spotlight)
(DBN)

The 1980s were great years if you were law firm associates, but - if you were clients, not so much
(DBN)

The Most Important Legal Stories of 2013 --- The Seven Top Legal Stories of 2014
(DBN)

First law degrees to be awarded from Texas A&M University School of Law
(DBN)

Plaintiff Backed by Litigation Funders Ordered to Pony Up Millions More
(DBN)

Survey Shows Fax Is Far From Dead
(DBN)

Does Your Social Media Policy 'Read Like the Patriot Act'
(DBN)

The Best Scanners for Lawyers
(DBN)

The Skadden Associate Who Crawls Through Barbed Wire
(DBN)

Turley: Obama's "Become The Very Danger The Constitution Was Designed To Avoid"
(DBN)

Lawyer convicted in failed contract-hit attempt on wife sues defense counsel for malpractice
(DBN)

Law firm sues Florida Bar over rules restricting what legal websites and blog posts can say
(DBN)

Jilted husband blames attorney-owned website in alienation-of-affection suit
(DBN)

His legal career upended, lawyer feels new freedom in prison
(DBN)

Former US atty and fired lawyer were ‘unrepentant hard heads,’ judge says; no bias found
(DBN)

Jail Sentence Helps Lawyer Realize Prosecutors Make Mistakes
(DBN)

I'm Your Lawyer, Mr. Grinch
(DBN)

Joe Jamail And Texas Football
(DBN)

The Perfect Holiday Gift for the Lawyer in Your Life
(DBN)

Man Shoots Up Other Employee's Car Who Won Worker of The Month
(DBN)

Bankrupt man tries to 'rob' bank to go to jail
(DBN)

NSA officials consider Edward Snowden amnesty in return for documents --- IBM sued for cooperating with NSA for spy program --- 60 Minutes: NSA speaks out on Snowden, spying
(DBN)

England and Wales Crack Down on Googling Jurors; U.S. Not So Much
(DBN)

This Crap Needs To Stop
(DBN)

Burned: Michigan Man Fired After Helping Put Out Fire
(DBN)

Boy, 11, Arrested For Punching Grandmother In Face After She Refused To Buy Him Toy At Department Store
(DBN)

Woman Sets Up Booby Traps in Ex-Boyfriend's Home After He Kicks Her Out
(DBN)

School Rehires Teacher Who Soaked Autistic Boy's Crayons in Hot Sauce
(DBN)

US Government Report Warns That Prisons May Be Making Us LESS Safe
(DBN)

New Mexico teacher chides black student for costume because ‘Santa Claus is white’ --- Megyn Kelly Defends Her Santa Comments, Attacks Critics For 'Race Baiting' --- Was Jesus White? --- Is Santa Claus Now or Has He Ever Been a Member of the Communist Party? --- Drunken SantaCon Brawl Features Six Santas
(DBN)

Mug Shots
(DBN)

Say What?!
(DBN)

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Judges:

Tx. Judge Under Fire for Teen's Sentencing
(DBN)

______________

Wall Street:

Futures signal higher open ahead of Fed meeting
(DBN)

Stocks fail to break losing streak
(DBN)

______________

Layoffs:

How America created a low-wage work swamp
(DBN)

Here’s how unemployment insurance will soon shrink, in two simple maps
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Madoff says he provided 'key information' to authorities
(DBN)

JP Morgan facing $2bn fine for involvement in Madoff ponzi scheme
(DBN)

What else should JP Morgan settle for? Just ask Twitter
(DBN)

When they were rich: Madoffs' '04 tax return
(DBN)

Who benefits from JPMorgan's Madoff deal uncertain --- Victims of Bernie Madoff's ponzi scheme deserve $1billion from JP Morgan
(DBN)

Bernie Madoff Victim: 'In A Way It Was A Blessing'
(DBN)

Waterford success story Buddy Fletcher accused of fraud
(DBN)

Koster announces restitution payments for thousands of former US Fidelis customers
(DBN)

Petters bankruptcy estate collects $85 million
(DBN)

____________

Aviation:

Initial handout of new American stock gives AMR investors a scare
(DBN)

Australia May Let Foreigners By Quantas
(DBN)

____________

Alternative Energy:

Delaware's financial hit from Fisker comes into focus
(DBN)

Electric Cars Work for 40% of Households
(DBN)

Houston Leads in Alt-Fuel Vehicles
(DBN)

____________

Religion:

Stockton Diocese may ask for bankruptcy protection
(DBN)

Gallup diocese bankruptcy raises question of how many more victims there are
(DBN)

Lawyers in case to define assets of Gallup Diocese
(DBN)

____________

Tax:

Tax Status of Q-Sub Debtor Not Estate Property; Debtor Has No Standing to Challenge Parent's Sub-S Revocation
(DBN)

12 Agreements Signed to Help U.S. Fight Offshore Evasion
(DBN)

____________

Rail:

Bidder Emerges for Bankrupt MM & A Railway
(DBN)

____________

Food/Beverage:

Bankruptcy Judge Approves Sale of 'Sideways' Sibling Winery
(DBN)

Bankruptcy Court Hearing Examines Mystery at Wine Storage Business
(DBN)

Gruet settles suit over failed winery bid for $2.5 million
(DBN)

Candy maker taps Sunland CEO for bill
(DBN)

America’s Disappearing Restaurant Chains
(DBN)

Sports bar and pub operator Fox & Hound files for bankruptcy --- Fox & Hound, Champps Restaurants File Bankruptcy , Plan Sale
(DBN)

Snuffer's, Firebird heading to court over burgers and fries
(DBN)

The Birth Of An Espresso
(DBN)

____________

Training:

Lender to buy training firm Adayana in bankruptcy case
(DBN)

____________

Golf:

New park in Lehigh blossoms where defunct golf course once was
(DBN)

____________

Hotels:

Hospitality Staffing Announces Approval of Asset Sale
(DBN)

____________

Economy:

Time for Taper?
(DBN)

The Return of the Welfare Queen
(DBN)

Our “Virtuous” Rich
(DBN)

Wholesale costs fall again on cheap gas
(DBN)

Has America Become Less Poor?
(DBN)

America's Wealth Is Staggeringly Concentrated in the Northeast Corridor --- Here's Who Makes The Money In This Country — And Who Pays The Income Taxes
(DBN)

Addressing economic inequality in 2014 --- Robert Reich hammers Newt Gingrich after he blames Democrats for increasing poverty --- American inequality is on the rise. But global inequality is falling. --- Krugman: Inequality As A Defining Challenge, (2) --- Klein: Inequality isn’t ‘the defining challenge of our time’
(DBN)

How America Gets to Work
(DBN)

Paul Ryan: Stay tuned for GOP debt ceiling demands --- Budget Negotiators See Tax Overhaul Up Next --- Paul Ryan: Budget deal to avert shutdown allows GOP to ‘focus’ on killing Obamacare --- Durbin: Budget deal needs support from 8 more Senate Republicans
(DBN)

How can we help Dasani’s family?
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Missing Mortgage Details: This Time a Mortgage Survives the Trustee’s Attack
(DBN)

Write-Down Reversal Helps Hovnanian Book 2013 Profit
(DBN)

New Mortgage Rules Will Affect Your Next Home Loan
(DBN)

Secret Inside BofA Office of CEO Stymied Needy Homeowners
(DBN)

____________

Municipalities:

Detroit faces week of critical bankruptcy hearings
(DBN)

Judge: Trial on Detroit bankruptcy financing will proceed
(DBN)

Detroit bankruptcy judge says $350M loan must benefit restructuring, residents to be approved --- Bankruptcy judge denies Syncora request to delay Detroit's $350-million refinancing deal
(DBN)

Orr: Detroit's public services already improving --- Detroit emergency manager urges residents to be patient
(DBN)

When Detroit emergency manager Kevyn Orr leaves, state may use new form of control
(DBN)

Detroit lighting authority completes $60M bond sale --- Moody's says Detroit public lighting ruling bad for bondholders
(DBN)

Detroit Art in Limbo Amid Bankruptcy --- Detroit awaits direction on options to art sale --- Detroit should sell its art --- Why Bankrupt Detroit Should Sell Off its Art Masterpieces
(DBN)

Bankruptcy judge reject activist's attempt to stop Mayor-elect Mike Duggan from taking office
(DBN)

Bing 'made it safe again' to invest in Detroit
(DBN)

Lender's Use of Debtor's Valuation Judicially Estops Lender from Making Value Objection
(DBN)

Cuts coming for Detroit creditors, retirees --- Early retirements endanger pension plans --- Pension problems were key to Detroit's bankruptcy --- Pension Busting
(DBN)

How Detroit leaders ignored causes of bankruptcy for 65 years
(DBN)

What Americans should learn from Detroit
(DBN)

Inconvenient Questions Regarding Detroit's Bankruptcy
(DBN)

How not to think about the pension crisis
(DBN)

Stockton Doomed to Another Bankruptcy
(DBN)

Upland grapples with fiscal issues familiar to San Bernardino
(DBN)

Emergency manager issues order to restrict city councilman
(DBN)

Flint City Council goes through training, orientation session on how to transition out of emergency management
(DBN)

CalPERS officials: Detroit pension ruling won’t affect public employee retirements here
(DBN)

U.S. District judge certifies CalPERS appeal of San Bernardino bankruptcy
(DBN)

Poll: Californians gradually souring on unions
(DBN)

The dark side of the West’s oil and gas boom
(DBN)

Little respite seen for U.S. municipal bonds in 2014
(DBN)

____________

Banking:

Texas Community Bank, The Woodlands, Texas, Becomes 24th Bank Failure of 2013
(DBN)

Ghost of WaMu could be fruitful
(DBN)

____________

Awards:

IWIRC Names Trish Redmond 2013 Woman Of The Year In Restructuring
(DBN)

____________

Oil/Gas:

Oil and Gas Lease is Executory When No Extraction Made Pre-Petition
(DBN)

Why Anadarko Petroleum Shares Plunged --- Anadarko, Kerr-McGee liable for Tronox cleanup costs --- Why Anadarko will survive Tronox --- Tronox, Anadarko fight over cleanup costs may be just getting started --- Anadarko Should Embrace Settlement in Tronox Lawsuit
(DBN)

World Energy Dynamics Changing
(DBN)

____________

Video Games:

Last of 38 Studios sold off at auction
(DBN)

____________

Hedge Funds:

Trustee: Hedge fund manager conned La. retirement systems out of $100 million
(DBN)

____________

Politics:

Take that, Paul Ryan! Elizabeth Warren beats back Social Security plot
(DBN)

Why This Round of the Republican Civil War Was Different
(DBN)

96 percent of Americans think this Congress is at or below average
(DBN)

____________

Retailing:

Loehmann’s Designer Discounter Files for Bankruptcy
(DBN)

Price Busters to close all eight Hawaii stores
(DBN)

Why J.C. Penney Shares Plummeted More Than 50% in 2013
(DBN)

Amazon changes its prices more than 2.5 million times a day
(DBN)

____________

Pensions:

Private Equity Funds Potentially Liable for Portfolio Company's Unfunded Pension Liability
(DBN)

The Pension-Busters' Playbook
(DBN)

Lawmakers Should Let the Sun Set on the Pension Protection Act
(DBN)

___________

Health Care:

FirstMed companies file for liquidation
(DBN)

Medics Not Paid After Company Abruptly Shuts Down
(DBN)

Tonapah hospital files for bankruptcy protection
(DBN)

Savient Drug Auction Doubles Price: Bankruptcy
(DBN)

D&O Insurance: Health Care Organizations Face Increasing Rates, Tightening Terms
(DBN)

Expensive Healthcare Doesn’t Help Americans Live Longer
(DBN)

Obamacare counting on insurers to make it work
(DBN)

Obamacare exposes Republican hypocrisy on health care
(DBN)

____________

Corporate Reform:

Telling Merrill Lynch to Obey the Law Doesn't Work
(DBN)

Why the Bernie Madoff Case Is So Dangerous for JPMorgan Chase
(DBN)

Banks Draw Out Their Knives
(DBN)

Is there a conservative alternative to financial reform?
(DBN)

CFPB Targets Arbitration
(DBN)

____________

Bankruptcy Crimes:

Oahu Woman Convicted for Concealing Assets During Bankruptcy
(DBN)

____________

Personal Finance:

20 Lottery Winners Who Blew It All
(DBN)

____________

Electricity:

USEC says expects to file for bankruptcy in first quarter of 2014
(DBN)

____________

Gambling:

A.C. casino sale on a fast track this week
(DBN)

____________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (72 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

______________

Petition Preparers:

Banned bankruptcy preparer stays ahead of law
(DBN)

____________

Professional Compensation:

New fee guidelines may make getting paid harder
(DBN)

____________

Automatic Stay:

Court Clarifies Burdens of Proof in Adequate Protection and Lift-Stay Motions
(DBN)

____________

Secured Debt:

Consequences of the Failure of a Secured Creditor to File a Timely Proof of Claim
(DBN)

Creditor Has Two Separate Security Interests in Property and Rents
(DBN)

Failure to Precisely Punctuate Debtor's Name in UCC Filing Costs Creditor Its Liens
(DBN)

Delaware Chancery Court Evaluates ýPublic, Commercially Reasonableý Foreclosure Sale Under UCC
(DBN)

Parent Obligor Can Pledge Subsidiaryýs Collateral with Subsidiaryýs Knowledge and Consent
(DBN)

___________

Cross-Border:

Cross-Border Comparisons: Piercing the Corporate Veil
(DBN)

No Bright-Line For Foreign Insolvency Law In Ch. 15
(DBN)

Another U.S. Court of Appeals Decision Protects U.S. Creditors from the Effects of Foreign Bankruptcy Law
(DBN)

____________

Avoidance Actions:

Third Circuit Predicts Pennsylvania Supreme Court Would Permit Punitive Damages Under Fraudulent Transfer Act
(DBN)

____________

Unexpired Leases:

Lease Amendments May be Severable, and Thus Subject to Assumption and Rejection
(DBN)

____________

Finance:

Make-Whole Payment Not 'Unmatured Interest'
(DBN)

____________

Plan Confirmation:

Fifth Circuit Holds Absolute Priority Rule Applicable to Individual Chapter 11 Debtors
(DBN)

Undersecured Creditor Electing 1111(b) Treatment Allowed Post-Petition Attorney Fees, But Not Interest
(DBN)

Cramdown Matrix Update: The Well-Adjusted Interest Rate
(DBN)

____________

Plan Implementation:

Failure to Execute Plan-Required Documents Very Costly for Subsequent Purchaser
(DBN)

____________

Claim Allowance:

Clouds on the Horizon for Claim Purchasers in the Third Circuit
(DBN)

Nonrecourse Claimants Have a Claim in Bankruptcy
(DBN)

____________

UST:

Amount of Credit Bid Must Be Included in Calculation of Quarterly Fee
(DBN)

____________

Arbitration:

Participation in Bankruptcy Case and Adversary Proceeding Constitutes Waiver of Contractual Arbitration Right
(DBN)

____________

Recent Pleadings:

 

______________

TBTF:

Banks Still Aren't Safe Enough
(DBN)

____________

Insurance:

Don't Let Excess Insurers Avoid Coverage Based on Settlements or Bankruptcy
(DBN)

____________

Celebs:

The Broke and the Beautiful: Speidi Edition
(DBN)

___________

Education:

Morris Brown close to settling debt
(DBN)

____________

Autos:

GM bailout legacy a debate for the ages
(DBN)

UAW's gain is taxpayers' loss
(DBN)

____________

Corporate Governance:

Turnaorunds: Microsoft Must be Terrified by JC Penney Lesson, Miller Says
(DBN)

____________

UK:

UK Supreme Court Finds Certain Pension Liabilities Are Not Entitled to Priority Treatment, in Nortel and Lehman Decisions
(DBN)

Agencies warn over bankruptcy changes
(DBN)

Scrap this clause that would serve poor and insolvent Scots badly
(DBN)

____________

EU:

Euro-Area Factory Output Expands Faster Than Forecast
(DBN)

____________

PIIGS:

ie: More than 1000 apply for bankruptcy --- Stigma of bankruptcy is fading with new laws --- Ireland's austerity paying dividends --- Troika Translator: What they said and what they meant --- 'I should have cashed up in 2007', says former Baron of Ballsbridge --- Enda Kenny thanks Irish people after exit from IMF-EU bailout programme
(DBN)

____________

Canada:

Canada looks to require emergency response plans for oil by rail
(DBN)

____________

Australia:

Australian Man Goes Bankrupt After Spending $200,000 In Fight To Keep Pet Sheep
(DBN)

____________

Brazil:

Bankruptcy in Brazil
(DBN)

____________

Japan:

Tepco’s Banks Said to Mull $19 Billion Loan Tied to Projects
(DBN)

____________

Germany:

Germany's SAG Solarstrom to file for insolvency
(DBN)

____________

China:

Wuhan: Detroit of the East gives green light to Renault
(DBN)

____________

Russia:

Strabag files for bankruptcy of three Russian insurers
(DBN)

____________

Finland:

Talvivaara Short-Term Default Concern Eases on Nyrstar Support
(DBN)

____________

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Copyright 2013