May 14, 2013

The Daily Bankruptcy News

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Law:

Bankruptcy Watchdog Defends Role in GSC Case
(DBN)

SCOTUS: Debtor Must Be At Least Grossly Negligent For "Fiduciary Defalcation" Nondischargeability --- Justices finally say what 'defalcation' means --- SCOTUS Sides with Emory Student Group's Client
(DBN)

How Jones Day Won Role of Trying to Save Detroit
(DBN)

Howrey Trustee Targets More Firms
(DBN)

Legal Job Market: Not As Bad As You Think?
(DBN)

Law Firms and Laterals Keep Houston Market Humming
(DBN)

Third-Party Litigation Financing: The Latest Chimerical Lifeline For The Legal Profession
(DBN)

Boies, S&C, Dechert Knock Out Barclays Investors' Suit over LIBOR
(DBN)

Law Firms: The Shoemaker’s Children Going Barefoot
(DBN)

Attorneys Bandy Fevers As Badges Of Honor
(DBN)

UK: BLP to cut jobs across fee earners and support services
(DBN)

Get a Hobby
(DBN)

Brooklyn Law School’s two-year degree program eliminates breaks
(DBN)

Update On Augustus Sol Invictus, Now With Video
(DBN)

Judged: Oxford law students’ attempts at smart casual
(DBN)

The Wussification of Legal Education Continues
(DBN)

Harvard Law Ranked #1 in the World (Yes, the World)
(DBN)

Justice Department Responds To Freedom Of Information Act Request On Online Snooping With 100% Blacked-Out Document
(DBN)

Former public defender gets 1 year in federal prison for submitting false payment vouchers
(DBN)

Lawyer’s suit claims law firm wrongly fired her, then misappropriated her likeness
(DBN)

Brothers Of Cleveland Kidnapping Suspect Tell CNN Why They Never Suspected Anything
(DBN)

Lawyers who didn’t notify insurance carrier of ‘nuisance case’ lose coverage appeal
(DBN)

Guy Refuses To Stop Drone-Spying On Seattle Woman
(DBN)

Jury finds abortion doctor Kermit Gosnell guilty of first-degree murder in deaths of 3 infants
(DBN)

Law License Plates: Constitutional Conundrums
(DBN)

Man found dead in courthouse parking lot may have committed suicide during jury selection
(DBN)

Retired Salomon Bros chief’s suit says secretary assigned in Citigroup consulting pact stole $3M
(DBN)

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Judges:

Liberal Supreme Court Justice Ruth Bader Ginsburg Criticizes Roe V. Wade
(DBN)

Trial begins for ex-DA accused in cash-for-court-favors case; convicted ex-judge is first witness
(DBN)

Not a Star Trek fan? Former DOJ lawyer provides a guide to judge’s opinion blasting Prenda lawyers
(DBN)

Justice Ginsburg: A ‘Great Diva,’ or Milli Vanilli?
(DBN)

Meet the Federal Judge Who's Dropping Sass All Over the Plan B Debate --- Unrestricted Plan B Sales Put on Hold
(DBN)

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Wall Street:

US stock futures trend lower
(DBN)

Stocks Close Little Changed --- Most US Stocks Fall After Record Highs Amid Sales Data
(DBN)

Shorts Getting Burned On Improving Stocks
(DBN)

What Bloomberg's Snooping Scandal Says About Wall Street's Culture
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

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Layoffs:

Private equity company escapes workers' WARN Act claims
(DBN)

Total Non-Farm Employment Is On Pace To Surpass Its Pre-Recession Peak In July 2014
(DBN)

Young US Workers Worse Off Than Some in EU
(DBN)

New Grads Should Approach The Job Market Like Dating In College
(DBN)

Mass layoffs lowest since 1996
(DBN)

America's Aging Labor Force
(DBN)

The 'Real Winners Of The World' Don't Have Work-Life Balance, They Have Work
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Municipalities:

Detroit Emergency Manager Targets Long-Term Debt for Cuts --- Could bankruptcy lie ahead? --- 5 reasons Detroit is broke
(DBN)

Detroit's Approaching Surgery
(DBN)

Orr to negotiate with creditors, unions to help ease Detroit's debt --- Orr ready to play hardball, won't tolerate delays
(DBN)

Detroit Rescue Roadmap May Take Detour as Unions Reject Cutbacks
(DBN)

Detroit: Insolvency by numbers
(DBN)

State: Emergency managers were appointed due to financial crises, not race
(DBN)

$350M Incinerator Inspires Bill to Oversee Municipal Deals
(DBN)

Orr: 6 weeks to gauge whether Detroit can be fixed outside bankruptcy court
(DBN)

What Rick Perry Can Learn From California
(DBN)

Bankruptcy : Will Detroit follow Stockton's path?
(DBN)

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Autos:

Coda hit by WARN Act lawsuit after bankruptcy
(DBN)

Another Automaker With A Federal Loan Blames Its Failure On The Fisker Fiasco
(DBN)

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Hotels:

Lodge on the Desert seeks Chapter 11 protection
(DBN)

The 20 Most Expensive Hotels In New York City
(DBN)

Arizona Biltmore sold to arm of Singapore government
(DBN)

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Economy:

$2 Trillion Underground Economy Aids Recovery
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

ResCap examiners' report filed under seal --- ResCap Bankruptcy Report Could Remain Sealed Until July
(DBN)

Ally has reached creditor deal, ResCap examiner lawyer says
(DBN)

ResCap D-Day Looms
(DBN)

Private Equity Residential Landlords Rushing to Cash Out via IPOs
(DBN)

Foreclosure Activity Falls Again
(DBN)

The World Trade Center Is Having A Tough Time Finding Tenants
(DBN)

10 Misconceptions About Your Mortgage
(DBN)

Why Not Just Leave Fannie And Freddie Alone?
(DBN)

Massachusetts foreclosure filings drop 82% in March
(DBN)

Is Our Housing Recovery Just a Mirage?
(DBN)

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Retailing:

Retail sales edge up, show some strength in economy
(DBN)

JCPenney Finally Gets Shoppers Back In Stores
(DBN)

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Finance:

Dual-track system 'could replace Libor rate'
(DBN)

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Celebs:

Anthony says she can't get fair hearing in Orlando --- Attorneys: Judge Perry "eviscerated" chance of fair defamation trial --- Criticizes judge's 'Today' comments
(DBN)

OJ Simpson was ‘somewhat intimidated’ by his lawyer, witness says in new trial bid
(DBN)

The famous faces of bankruptcy
(DBN)

Why do athletes go bankrupt?
(DBN)

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Gambling:

Court OKs Revel's Chapter 11 reorganization plan
(DBN)

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Fraud:

Hedge Fund Boss Gets 6 1/2 Years in Insider Case
(DBN)

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Oil/Gas:

Gasco raises bankruptcy concern
(DBN)

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Food/Beverage:

CEDC Reorganization Plan Wins U.S. Bankruptcy Court Approval; Closing of Transaction Expected on or about May 31
(DBN)

Omtron USA pecks back at chicken farmers in bankruptcy court
(DBN)

13 Bizarre McDonald's Locations Around The World
(DBN)

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Basketball:

The Kings Owners Have A $100 Million 'Plan B' In Place To Spite The City Of Sacramento One Last Time
(DBN)

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Student Debt:

The Latest Proposal To Level The Playing Field For Student Debtors Is Pretty Weak
(DBN)

Warren says public can pressure politicians to act on student loans
(DBN)

Why are student loan rates so high?
(DBN)

Elizabeth Warren's Student Loan Petition Garners More Than 250,000 Signatures
(DBN)

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Defense:

Defense gets defensive
(DBN)

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Tax:

IRS Was Targeting Other Groups Critical of Government
(DBN)

Top IRS Chief Kept Mum About Tea Party Targeting
(DBN)

How the IRS is Supposed to Vet Social Welfare Groups
(DBN)

Obama: IRS Scrutiny of Conservatives Wrong
(DBN)

Report: IRS Targeting Of Tea Party Groups Involved Officials In Washington
(DBN)

Tea Party Group: The IRS Made Us Fill Out Endless Forms With Impossible Questions
(DBN)

Schiff Calls for a Broad Probe of IRS
(DBN)

Scandal Could Change How IRS Regulates Political Groups
(DBN)

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Consumer Finance:

The 182% Loan: How Installment Lenders Put Borrowers In A World of Hurt
(DBN)

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Golf:

Cherry Hill Republicans challenge golf club plan --- Bankruptcy Auction Turns Political
(DBN)

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Lehman:

First BanCorp Announces Decision in Lehman Related Claim
(DBN)

Bank Loses Bid for Return of Securities Sent to Lehman
(DBN)

Lehman Reaches Beyond Grave to Grab Millions From Nonprofits
(DBN)

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Religion:

Insurer Let Off the Hook on Priestly Abuse Payout
(DBN)

Family Says Church Covered for Molester
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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:

Interactive Bankruptcy Statistics Map
(DBN)

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Discharge:

U.S. Supreme Court Remands Bankruptcy Defalcation Case, Says Higher Standard Needed
(DBN)

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Avoidance Actions:

Agriprocessors Bankruptcy Trustees Eye Jewish Charities
(DBN)

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Finance:

Bankruptcy Court Approves Repayment of Aircraft Debt Without Payment of Make-Whole Premium
(DBN)

Arcapita to Weigh Loan Offers From Fortress, Goldman Sachs
(DBN)

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Aviation:

A Woman Was Kicked Off A Plane For Belting Out Whitney Houston's 'I Will Always Love You'
(DBN)

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Unexpired Leases:

One Potato, Two Potato, Three Potato…Well Actually It’s All One Potato.
(DBN)

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Professional Compensation:

Step away from the minibar: Bankruptcy lawyers’ fees and expenses face increasing scrutiny
(DBN)

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Recent Pleadings:

UST Files Unusual Letter In GSC Case Defending Actions On Law Firm Conflict
(DBN)

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Litigation:

Meet & Confer at 10 Paces
(DBN)

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Politics:

Obama Has Two New Scandals, And It Could Mean Disaster For Democrats In The Next Election
(DBN)

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Waste:

Synagro Wins Court Approval of Auction Process, EQT Ups Bid
(DBN)

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Health Care:

LA: Hospital layoffs will cost state millions
(DBN)

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Sovereigns:

Argentina faces very different debt default if loses legal fight
(DBN)

Argentina’s grand plan to recover US dollars is about as worthless as its own currency
(DBN)

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UK:

"Balance sheet" test for insolvency must take account of wider commercial context, says Supreme Court
(DBN)

Hearts' bank appeals against bankruptcy order
(DBN)

R3 president asks if Insolvency Service can go further
(DBN)

Lehman administrators in Supreme Court over pension payments
(DBN)

Hearts buy-out: Ukio Bankas in bankruptcy appeal
(DBN)

Supreme Court to rule on FSD ‘super priority’
(DBN)

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EU:

Cyprus receives first tranche of EU-IMF bailout funds
(DBN)

France Leads Europe in Growing Disillusionment, Pew Study Shows
(DBN)

Cash-Strapped Portugal Sells Its Swanky Spread At The Dakota For $11.5 Million
(DBN)

Distressed Investing in Europe: The New Gold Rush?
(DBN)

EU-IMF report highlights rebound risks
(DBN)

Euro rises vs dollar, German ZEW holds key to more
(DBN)

Germany Is Different Than Everywhere Else In Europe, And You Can See Why Nobody Wants Anything To Change
(DBN)

ECB Picks Fight With Germany on EU Plans for Failing Banks
(DBN)

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PIIGS:

Irish Insolvency Chief to Chase Borrowers Who Refuse to Pay
(DBN)

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Canada:

No way out – Ontario insolvency court approves class action settlement that prohibits any affected person from opting out
(DBN)

Canadian Housing Bubble May Hit Its Big Banks
(DBN)

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China:

China's Debt: A Crisis in the Making
(DBN)

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Japan:

Japan’s Vacant And Abandoned Houses Evoke Visions of Detroit
(DBN)

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Brazil:

Brazil's Grupo Caoa rescinds offer to buy troubled lender BVA
(DBN)

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