November 21, 2013

The Daily Bankruptcy News

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Law:

As Chevron's RICO Case Heats Up, Opposing Counsel Regrets Nothing
(DBN)

Your 2013 Bonus Season Predictions
(DBN)

Shocking — Or Not — Tales of Wasteful Biglaw Billing
(DBN)

The High Cost of Outside Counsel
(DBN)

Modest Recovery for In-House Legal Departments
(DBN)

7 Tips For New Contract Attorneys
(DBN)

Male Bosses Are Still More Popular
(DBN)

More Evidence of Male Privilege
(DBN)

Business of Law
(DBN)

Gap grows between top and bottom among GCs
(DBN)

New law school grads trade top pay for job experience
(DBN)

The Hardest Legal Market of All: The Law Professor Track
(DBN)

Deborah Williamson shares her views on the future of the legal profession
(DBN)

Hard Conversations 101
(DBN)

A Biglaw Alum’s New Approach To The Legal Job Search
(DBN)

2013 Law Department Metrics Benchmarking Survey Results
(DBN)

Jury Sides With Ropes & Gray in Retaliation Lawsuit
(DBN)

Rise of the Machines: Using Big Data to Make Better Decisions
(DBN)

Alexandra Marchuk v. Faruqi & Faruqi: A Mental Case?
(DBN)

Stealth Lawyer: Kirath Miller, Legal Recruiter
(DBN)

Doing more for less
(DBN)

A Big Law Litigator’s Routine
(DBN)

Bow Before New York’s Sexiest Biglaw Firm
(DBN)

From shoe salesman to legal eagle, meet the lawyer with soul
(DBN)

Black belt lawyer promotes practice through martial arts home video
(DBN)

Hey, Let’s Look At A Different Pool Of Applicants For A Change
(DBN)

Lawyers want more flexible working
(DBN)

Sport Coats and Jeans: Not Okay
(DBN)

A&O kicks off Magic Circle reporting season with 7.5pc rise
(DBN)

Managing partner of White & Williams, 59, died in sleep at vacation home over weekend
(DBN)

12 Gifts Every Professional Young Guy Would Love
(DBN)

7 Rules Of Eating Lunch At Your Desk
(DBN)

5 Ways To Make Yourself Irreplaceable At Work
(DBN)

Right Before His Execution, A Serial Killer Explained Why He Shot Larry Flynt
(DBN)

Man Sues Bank Of America For Allegedly Giving Him A Heart Attack
(DBN)

George Zimmerman's Girlfriend Was Reportedly Trying To Sell A TV Interview, Claims He Is Suicidal
(DBN)

Corporations increasingly spying on nonprofits, group says
(DBN)

Girl sues mom’s ex for return of poodle
(DBN)

Florida Congressman Invited Undercover Police Officer Back To His Apartment To Use Cocaine Before He Was Caught --- Congressman Guilty Of Cocaine Possession Says He's Taking A Leave Of Absence For 'Intensive' Treatment --- Trey Radel arrest brings up drug testing for food stamps
(DBN)

Girl Who Sold Virginity for $780K Tries to Sell Virginity Again
(DBN)

How America’s model prison became the most horrific facility in the federal system
(DBN)

"Hero" Hailed For Killing Two Hikers
(DBN)

14% of all crime in NYC targets APPLE devices
(DBN)

Police: Examples Of Troubling ‘Knockout’ Game Popping Up All Over
(DBN)

?Iowa Parents Defend Bullying of Teen With Aspergers Syndrome
(DBN)

Drug dealer who wore crack cocaine sweatshirt in court is sentenced to prison
(DBN)

Woman Arrested For 396th Time
(DBN)

A-Rod Walks Out on Suspension Hearing
(DBN)

11-Year-Old Boy Sentenced For Plotting To Kill His 5th Grade Classmate
(DBN)

50 years after assassination of President Kennedy, experts debate exactly who was to blame --- Fidel Castro: 'Oswald Could Not Have Been the One Who Killed Kennedy'
(DBN)

Frowny bank robber was drunk on mouthwash and just wanted more
(DBN)

Rehab says Chris Brown threw rock at mom’s car after joint counseling session; he gets 3 months more
(DBN)

For toll scofflaw, no easy pass on skipping fees
(DBN)

Say What?!
(DBN)

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Judges:

Bankruptcy judge given 6-month term extension
(DBN)

Federal Bankruptcy Judge Won't Recuse Himself in David Bergstein Case
(DBN)

Harry Reid Might Have No Choice But To Go 'Nuclear'
(DBN)

Yellowstone Club founder seeks judge's ouster in bankruptcy case
(DBN)

9th Cir. judge's son ID'd as suicide victim outside Mormon temple
(DBN)

Sotomayor Says Lack of Diversity is 'Huge Danger' for Judiciary
(DBN)

Surveillance court chafes at Obama administration secrecy
(DBN)

The Dancing Judge
(DBN)

Judge's sage comment to man who posted naked pics of his ex-girlfriend on Flickr is perfect
(DBN)

A Secret Court Judge Warned The NSA It Was Close To Breaking The Law -- Then Gave It More Power

Lawyers’ nightmare: When 9th Circuit Chief Judge Kozinski is class objector
(DBN)

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Wall Street:

Stock futures trade flat with stimulus in focus
(DBN)

Stocks fall after Fed meeting minutes released
(DBN)

Goldman: Here Are The 10 Big Market Themes For 2014
(DBN)

The 50 Stocks That Big Hedge Funds Love Most
(DBN)

Here's What Billionaire Value-Hunter Carl Icahn Is Buying
(DBN)

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Layoffs:

Tribune To Cut 700 Publishing Jobs
(DBN)

Calif. Has Second Highest Job Distress Rate
(DBN)

In Retailing, the Robots Are Winning
(DBN)

Survey: Americans hate their jobs the most
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Money Can Buy Relief On Wall Street: And Other Lessons From JPMorgan's $13B Deal
(DBN)

SEC Releases Fiscal 2013 Whistleblower Report
(DBN)

FBI Tries New Tactic
(DBN)

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Video Games:

Multiple "well-known" studios looking to purchase bankrupt 38 Studios' assets
(DBN)

There's a bidding war brewing over TimeGate's old IP
(DBN)

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Brokers:

Corzine, others appeal MF Global ruling to repay customers 100 percent of losses --- Corzine Appeal Could Hold Up Payback to MF Global Customers
(DBN)

U.S. lawmakers seek fix to help investors file claims against brokers
(DBN)

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Celebs:

'Real Housewives' stars plead not guilty
(DBN)

Teresa Giudice Hires Crisis Manager
(DBN)

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Politics:

Elizabeth Warren Nails It: We Shouldn't Be Fighting Each Other for a Handful of Crumbs --- Here's Why Hillary Clinton Shouldn't Be Threatened By Elizabeth Warren
(DBN)

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Economy:

Fed eyes options to offset end of QE3 --- Fed Puzzles Over Message on Easy Money --- Fed Taper Likely in 'Coming Months' on Better Data --- Fed Minutes Takeaways: On Track to End QE, but Stick to Low Rates --- Fed Casts About for Endgame on Easy-Money Policy
(DBN)

Fragile global recovery stumbles as Europe, China falter --- Shift in Fed stimulus views spooks global stocks
(DBN)

Bullard: A December Taper Is 'On The Table'
(DBN)

Yellen Details Regulatory Views in Responses to Senators --- Support of Republican Corker Eases Yellen’s Path to Fed Chief
(DBN)

Fed Would Accept Treasurys Even if Government Missed a Payment
(DBN)

US retail sales point to pick-up in demand, but inflation subdued
(DBN)

Consumer Prices in U.S. Decline for First Time in Six Months
(DBN)

Rural Residents Dragging on Confidence
(DBN)

Bullard Optimistic on 2014, Against Lower Jobless Threshold
(DBN)

FOMC Saw Impact Of Government Shutdown As Temporary, Limited
(DBN)

Ways Bernanke Revolutionized the Fed
(DBN)

Best-Selling Car In Every State
(DBN)

Millennials Wary of Borrowing, Struggling With Debt Management
(DBN)

McDonald's to Employees: Low on Cash? Sell Your Stuff and Eat Less
(DBN)

Ryan: No need to worry about another shutdown
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home sales in October weaken more than forecast
(DBN)

Mortgage Debt Lesson: Don't Pursue Collection of a Discharged Mortgage
(DBN)

JPMorgan Settlement Offers Look Into Mortgage Machine
(DBN)

BofA Argues It Shouldn’t Pay Penalty in Countrywide Case
(DBN)

Bankrupt ResCap did not put value on intercompany claims: exec --- Top ResCap, Ally Executives Testify at Plan Hearing
(DBN)

US rejects Fairholme's proposal to recapitalize Fannie, Freddie
(DBN)

Upcoming Mortgage Rules And Low Quality Inventory Are Weighing On Home Sales
(DBN)

Where The Celebrities And Big Shots Live In New York's Hippest Borough
(DBN)

One Bal Harbour condo-hotel auction date set
(DBN)

Consumer Bureau Yields to Title Insurers on Mortgage Rule
(DBN)

Finance - Punishing 'Bad Behavior': When Non-Recourse Becomes Full Recourse
(DBN)

The 10 Most Expensive Streets In The World
(DBN)

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Municipalities:

Detroit pays bankruptcy law firms, consultants $22 million so far
(DBN)

Detroit bankruptcy judge's ruling: 6 ways it could go
(DBN)

DIA executive says Detroit emergency manager wants $500 million from art museum --- Christie's price-tagging of DIA artwork for bankruptcy planning is delayed
(DBN)

Detroit's pension fund liabilities not to blame for bankruptcy — report --- Bad decisions behind cities' pension problems --- Collapse caused more by declining revenue than legacy costs --- Long-term debt not Detroit bankruptcy cause --- The truth about Detroit: Bankruptcy more than a revenue problem --- Detroit accused of exaggerating debts --- The Report
(DBN)

How Wall Street — not pensioners — wrecked Detroit
(DBN)

Detroit Pension Funds Hire Appeals Lawyers in Advance of Bankruptcy Ruling
(DBN)

Derrick May: 'I stick around in Detroit because it's my home No 1'
(DBN)

Jefferson County Commission approves sale of warrants; bankruptcy exit nears
(DBN)

Jefferson Co. bankruptcy hearing set for Wednesday --- Jefferson County Judge to Rule on Bankruptcy Plan From Bench --- Jefferson County faces bankruptcy confirmation hearing (live blog)
(DBN)

Jefferson County JPMorgan Deal Called Safer Than Suing
(DBN)

Birmingham residents object to Jefferson County's bankruptcy exit plan
(DBN)

Fat yields needed for Alabama county deal lure overseas buyers
(DBN)

What they're saying about JeffCo's bond sale
(DBN)

Good news, California: Surplus is $2.4 billion
(DBN)

Harrisburg Ballpark Bleeding Capital in Receivership
(DBN)

Mayor: East St. Louis soon free of state financial oversight
(DBN)

Miami vice: Shady muni deals cripple cities
(DBN)

Drop in Traffic Takes Toll on Investors in Private Roads
(DBN)

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Retailing:

JC Penney Posts Bigger Loss Than Anticipated, Touts Sales Turn --- JC Penney surges on hopes of better sales --- JC Penney turnaround showing signs of taking hold
(DBN)

JC Penney Is Probably Going Bankrupt : Davidowitz
(DBN)

Understanding Why J.C. Penney Is Facing Bankruptcy
(DBN)

Sales Gain Shows Resilient US Consumer Before Holiday
(DBN)

Walmart could give big raises without raising prices, Demos think tank says --- Should Walmart Pay Its Workers More? --- Wal-Mart's No Good, Very Bad, Pre-Thanksgiving Week
(DBN)

13 Must-Have Free Shopping Apps For Black Friday
(DBN)

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Resorts:

Scrub Island Development Seeks Chapter 11 Protection --- Scrub Island likely to sue FirstBank --- Epicurean not affected by Scrub Island bankruptcy
(DBN)

____________

Health Care:

12 Hospitals S&P Has Lowered to Speculative Grade
(DBN)

New terrible poll numbers for Obama and Obamacare
(DBN)

Tens of Millions Could be Forced Out of Health Care
(DBN)

Insurers restricting choice of doctors and hospitals to keep costs down
(DBN)

Two Depressing Charts About Life Expectancy In The US
(DBN)

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Personal Finance:

5 Things To Consider Before Lending Money To Family
(DBN)

Black Friday survival guide: Have a plan, be early
(DBN)

____________

Tech:

Alydian Aims to Sell Bitcoin Mining Platform in Bankruptcy
(DBN)

____________

Banking:

JP Morgan after the settlement: The FDIC fight isn't over
(DBN)

The JP Morgan settlement saga
(DBN)

What JPMorgan did wrong: 2006 meeting and ignored warnings spurred $13B settlement
(DBN)

JPMorgan's Deliberate Decision to Sell Toxic Garbage
(DBN)

Where Does JPMorgan's $13 Billion Go?
(DBN)

FDIC settles with execs of failed Miami bank
(DBN)

Attorney comes out ahead in FDIC settlement over failed bank
(DBN)

Judges Mull Bank Officers' Liability
(DBN)

____________

Toll Roads:

Tolled Parts of Texas Highway Taps Restructuring Lawyers
(DBN)

____________

IP:

'About Two Dozen Parties' Interested in 38 Studios IP
(DBN)

____________

Biotech:

Biomoda Files for Chapter 11 Relief
(DBN)

____________

Student Debt:

FAFSA federal student aid: Benefits go to the middle class, not the poor.
(DBN)

____________

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 (23 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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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Liquidity:

Liquidity is King in the Financial Structure of a Struggling Company
(DBN)

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Miscellaneous:

Davis Polk: Insolvency and Restructuring Update
(DBN)

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Bankruptcy Reform:

BAPCPA Backfires: Unsecured Creditor’s Returns Decrease in Post-BAPCPA Landscape
(DBN)

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Claims Trading:

Buyer Beware: Third Circuit's Decision in In re KB Toys Highlights Potential Pitfalls for Purchasers of Claims from Claimants with Preference or Other Avoidance Exposure
(DBN)

Third Circuit Holds that Transferred Trade Claims Remain Subject to Disallowance under Section 502(d)
(DBN)

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Safe Harbors:

Sidestepping the Section 546(e) Safe Harbor
(DBN)

____________

Claim Allowance:

SDNY Bankruptcy Court Holds That a Fair Value Debt-for-Debt Exchange Does Not Create Disallowable OID
(DBN)

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TBTF:

Ally Financial Repays $5.9 Billion to US Treasury --- Taxpayers Are One Step Closer to Exiting Ally
(DBN)

Credit Suisse to Fence Off Swiss Operations in Separate Unit
(DBN)

____________

Finance:

Protecting Lenders In Structured Financing Transactions: The Utility of “Bankruptcy-Remote” Entities Following In re GGP Properties, Inc.
(DBN)

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Food/Beverage:

7 Foods We Should Be Eating But Aren't
(DBN)

Restaurant offers 50% discount to turn off cell phones
(DBN)

____________

Newspapers:

Tribune Co. Cutting 700 Newspaper Jobs Amid Dropping Advertising Revenues
(DBN)

___________

Furniture:

Report: Samson Holding doesn't make bid for Furniture Brands
(DBN)

Auction of Furniture Brands' assets canceled; KPS is only bidder
(DBN)

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Consumer Finance:

Consumer bureau fines payday lender Cash America, orders refunds --- Payday lender overcharged military, 'robo-signed' docs
(DBN)

CFPB Director Cordray Vows Close Scrutiny Of Auto Lending for Potential Discrimination
(DBN)

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Opera:

Last call for wigs and harps: NYC Opera OK'd for auction of assets
(DBN)

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Horse Racing:

Pa. horse racing agencies said to face insolvency
(DBN)

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Aviation:

Global Aviation Second Bankruptcy Can Proceed, Court Rules
(DBN)

Attorneys for American and plaintiffs in private antitrust suit to meet with judge on Wednesday
(DBN)

AA: Fliers Can Bid for First Class Upgrade
(DBN)

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Pigeons:

After business went bust, breeder 'ate a lot of pigeons'
(DBN)

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Fraud:

As Trader's Trial Begins, Name of One Insider Stands Out
(DBN)

SAC Trader Had 'Secret Pipeline' of Information, Prosecutors Say
(DBN)

Madoff Ex-Controller Says She Sought Mercy While Lying
(DBN)

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Sovereigns:

BoE Paper Endorses Automatic Restructuring of Sovereign Debt
(DBN)

____________

UK:

Building a business in recovery
(DBN)

Timber merchant sold out of administration
(DBN)

____________

EU:

EU refiners burn last barrels as closures loom
(DBN)

EU must enforce restructuring of refining sector: Kemp
(DBN)

Euro-Area Factory Production Accelerates as China Cools
(DBN)

Euro Zone Growth Unexpectedly Slows
(DBN)

Markets Are Falling In Europe
(DBN)

____________

PIIGS:

Troika Leaves Athens Without Deal --- Creditors conclude talks in Greece, back December --- Greek budget predicts higher primary surplus this year
(DBN)

Recent Amendments to the Spanish Insolvency Act
(DBN)

BES to end Portugal's bank sub debt hiatus
(DBN)

____________

Canada:

Geovencap Files a Notice of Intention to Make a Proposal and signs a Letter of Intent for the sale of its assets
(DBN)

____________

France:

France's Private Sector Economy Sinks Into Contraction
(DBN)

____________

Russia:

Russian bank's license withdrawal may signal central bank crackdown
(DBN)

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Kazakhstan:

Kazakhstan considers Personal Bankruptcy law
(DBN)

____________

China:

Chinese Manufacturing Hits Two-Month Low
(DBN)

SocGen: China Growth Acceleration Ending
(DBN)

______________

Venezuela:

Venezuela seizes more stores
(DBN)

____________

Finland:

Talvivaara slumps as Finnish miner fails to raise further funds --- No crisis funding for Talvivaara; restructuring to proceed
(DBN)

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Copyright 2013