April 29, 2014

The Daily Bankruptcy News

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Law:

‘Profits chasm’ widens between most- and least-successful BigLaw firms, Am Law 100 survey finds --- Biglaw's Rich Get Richer, But Most Major Law Firms Tread Water
(DBN)

Is Your Firm on This Year's Am Law 100 --- The Am Law 100 Numbers at a Glance --- How Firm Types Compare --- The Super Rich Get Richer --- The Party's Over --- The Trouble With Nonequity Partners --- King & Spalding: Breaking a Profits Barrier --- Shook Hardy: A 17-Year Run Concludes --- Akin Gump: Gains Follow a Soft 2012 --- O'Melveny: After a Record Year, a Fall --- Jenner & Block: Squeezed by the Sequester --- Mayer Brown: Record Profits Follow Some Bad Press --- Fried Frank: Roaring Back After a Blow --- Davis Polk: A Bullish Year, a Big Payday
(DBN)

Revenues at the Top 100 Law Firms Rose 5.4% Last Year
(DBN)

Large N.J. Firms Sluggish in Revenue, Profits
(DBN)

Pa. Am Law 100 Firms Like 'Everyone Else'
(DBN)

Stutman Partner Joins Levene, Neale
(DBN)

Ex-bankruptcy lawyer wins international prize for anti-frack efforts
(DBN)

How Should Solos and Smalls Respond to The Rise of Automated Self-Help Services? Not Like This…
(DBN)

An Inside Look At How One Biglaw Firm Absurdly Handles Its Diversity Initiatives
(DBN)

Terrible, Horrible, No Good, Very Bad Legal Advice!
(DBN)

Bingham Settles Discrimination Suit Filed by Ex-Associate
(DBN)

Donald Trump: Donald Sterling was “set up” by his “very, very bad” “girlfriend from hell” --- V. Stiviano Attorney: Donald Sterling Rant Audio Is 'Legitimate' --- Clippers' Coach Doc Rivers Not Talking To Donald Sterling --- Donald Sterling and the culture of segregation: He’s a porch racist, not a closet racist --- Donald Sterling Has No Future With the Los Angeles Clippers --- Magic Johnson buying Clippers? Donald Sterling could be forced to sell. --- Donald Sterling proves there’s no real anti-black racism in America --- Clippers Sponsors Pulling Out After Owner's Racist Rant --- For What It's Worth, Donald Sterling Is A Registered Republican --- Clippers Owner Will Not Receive NAACP Lifetime Achievement Award --- Boycott Clippers Warriors Series, Says Coach Mark Jackson -- The Donald Sterling Stories That The NBA Ignored For Years --- Highlights From Donald Sterling's Dirty Deposition
(DBN)

These Maps Show How Segregated The US Still Is
(DBN)

George Clooney engaged to UK attorney, firm says --- One Of London’s ‘Hottest Barristers’
(DBN)

So You Want To Be A China Lawyer? Fuggetaboutit!
(DBN)

LawProse: Weasel Words.
(DBN)

Embarrassing Gadgets And Apps You Should Stop Using
(DBN)

Oklahoma former prison warden: death penalty does not help families
(DBN)

The Surest Sign A Feminist Is Winning An Argument - Being Called A B----
(DBN)

Congressman Grimm Arrested in New York --- Prosecutors Explain Congressman's Alleged Tax Cheating With Handy Clip-Art Charts
(DBN)

Appellate panel says trial judge had right to jail prosecutor over his tactics
(DBN)

All You Thought You Knew About Juries Is Wrong
(DBN)

'Upskirt' GC Reinstated After Six-Month Suspension
(DBN)

Lawyer to stand trial accused of falsely notifying British government of Olympics nuclear attack
(DBN)

America: With Liberty and Justice for Some
(DBN)

New FBI 'Most Wanted' Fugitive Has Likely Been Hiding In Plain Sight Since 1976
(DBN)

680 sentenced to death
(DBN)

Up To 300 US Inmates Sentenced To Death May Be Innocent
(DBN)

Say What?!
(DBN)

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Judges:

Federal appeals judges failed to recuse themselves for financial conflicts of interest, study finds ---
--- Judge: "More bull shit from the humorously named 'Center for Public Integrity'"
(DBN)

Justice Alito Calls Law School Rankings “an Abomination”
(DBN)

Custom double-decker bus serves as mobile courthouse for far-flung trials
(DBN)

Sotomayor, Roberts Clash Over Race
(DBN)

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Wall Street:

U.S. Stock -Index Futures Rise
(DBN)

U.S. Stocks Gain as Selloff Fades
(DBN)

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Layoffs:

U.S. job growth is coming in all the wrong places
(DBN)

A Low-Wage Recovery? The Evidence Isn't There
(DBN)

The Depressing Truth About The US Jobs Recovery
(DBN)

It Couldn't Be More Clear What's Held Back The US Jobs Market
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Sports:

DeVry Has a Plan to Educate Former Football Players
(DBN)

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Shipping:

Genco Shipping Bites the Dust. What Does It Mean for DryShips Inc.?
(DBN)

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Celebs:

Tila Tequila Splits From Baby Daddy Because He Is Broke
(DBN)

Lorenzo Lamas Is Broke! Unemployed Soap Star Files For Bankruptcy — A Second Time?
(DBN)

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Personal Finance:

People are More Embarrassed of their Credit Score than their Age or Weight
(DBN)

10 Signs You Spend Too Much
(DBN)

How One Young Professional Cut Her Grocery Bill In Half
(DBN)

11 Money Mistakes You Probably Don't Know You're Making
(DBN)

When Being Cheap Could Cost You More
(DBN)

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Food/Beverage:

Taco Bell Explains The Long List Of 'Unpronounceable' Ingredients In Its Beef
(DBN)

The World's New Best Restaurant Is Noma (Again) --- What It's Like To Eat At Noma, The Best Restaurant In The World
(DBN)

The 100 Best Brunch Spots In The US
(DBN)

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Telecoms:

LightSquared Plan Will Benefit JPMorgan, Ergen Fund Says
(DBN)

Procedural feat at Nortel trial
(DBN)

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Student Debt:

Student Loan Debt Crisis?
(DBN)

Elizabeth Warren and other congressional members urge rulemaking by the Department of Education re: regulating college/bank partnerships for debit/prepaid cards for student aid disbursement
(DBN)

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IP:

Hilco Streambank to Sell Intellectual Property of Good Enterprises Ltd
(DBN)

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Economy:

Dallas Fed: "Texas Manufacturing Picks Up and Outlook Improves Notably"
(DBN)

Why a 700-Page Book about Economics is No. 1 on Amazon --- Thomas Piketty's Capital: everything you need to know about the surprise bestseller --- Thomas Piketty: Le French touch --- American Economists Are Not Equipped To Digest What Piketty Has Served Them --- How to write your own Piketty review, in 10 easy steps
(DBN)

Krugman: Macroeconomics and Class Warfare
(DBN)

The Pope's Thoughts On Inequality Couldn't Be More Clear
(DBN)

Will Yellen Change Her 'Considerable Time' Position This Week?
(DBN)

5 Big Demographic Trends Are Shaping The World Right Now
(DBN)

Where Does Money Come From? --- Krugman: A Monetary Puzzle
(DBN)

Ban All The Banks: The Wild Idea That People Are Starting To Take Seriously
(DBN)

Trucking used to be a ticket to the middle class. Now it’s just another low-wage job.
(DBN)

Declining Migration Within the U.S.: The Role of the Labor Market
(DBN)

Men Who Work Full-Time Earn Less Than 40 Years Ago
(DBN)

Are we on the edge of another crisis?
(DBN)

11 Fastest Shrinking US Companies
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US justices agree to hear homeowner case against bank
(DBN)

U.S. pending home sales jump 3.4% in March --- Sales rise for first time in nine months --- Down 7.9% year-over-year
(DBN)

House Price Index up 0.7% in February, Up 7.6% year-over-year
(DBN)

The rise in housing prices is slowing down
(DBN)

The Refi Boom Is Over
(DBN)

Tuesday: Case-Shiller House Prices
(DBN)

Freddie, Fannie bill facing key test
(DBN)

How Much Will Mortgage Rates Rise In Fannie, Freddie Overhaul?
(DBN)

August Wilson Center could be sold to New York LLC
(DBN)

County declines to bid on purchase of Blue Heron property
(DBN)

US leaves whistleblower to deal with foreclosure-fraud lawsuit
(DBN)

OK to sell widow's home over $6 bill, judge rules
(DBN)

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Municipalities:

Detroit reaches deals with 14 unions, retirees --- Collective-Bargaining Deal Reached With Unions in Detroit --- Mediators Say Unions Agree on Five-Year Contracts
(DBN)

Kevyn Orr to meet lawmakers at Capitol Tuesday seeking support for bankruptcy settlement
(DBN)

Sources: Lump sum Detroit pension payment could save Michigan 45%
(DBN)

Michigan Speaker Jase Bolger congratulates Detroit, unions on collective-bargaining agreement
(DBN)

Snyder confirms Highland Park financial emergency
(DBN)

Detroit Homeowners Kill Burglars as Police Await Patrol Cars
(DBN)

Detroit creditor gains access to DIA-attorney general correspondence
(DBN)

In Detroit Bankruptcy , Delay Is Better Than Error
(DBN)

Detroit Bankruptcy Deal Largely Spares Pensions
(DBN)

Nowling's mustache: the talk of the EM's office (along with bankruptcy )
(DBN)

NJ Faces Four-Year Fiscal Crisis
(DBN)

Bankrupt Detroit pensioners agree to cuts; is Chicago next?
(DBN)

Toyota moving US base from California to Texas --- Rick Perry Takes A Victory Lap After Texas Takes Toyota From California --- Toyota's Move Relied on In-House Study Rather Than Perry Pitch --- Should Detroit's Carmakers Follow Toyota To Texas? --- Texas to pay $10,000 for each Toyota job relocated --- Plano mayor says Toyota negotiations were nonstop
(DBN)

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Banking:

How Bank of America Botched Some Basic Accounting --- Bank of America halts dividend boost, buyback after finding bad data --- BofA Seen Asking Fed for Dividends Rather Than Buybacks --- Explaining the BofA Error: Debt Accounting Rule Bites Again
(DBN)

Bank Of America Just Completed The Wall Street 'Trifecta Of Misery'
(DBN)

Doing the Math of a Bank of America Settlement
(DBN)

Unofficial Problem Bank list declines to 513 Institutions
(DBN)

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Aviation:

Frontier starts charging for carry-on bags
(DBN)

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Mass Torts:

W.Va. spill company: fees 'appear to be large'
(DBN)

W.Va. federal judge consolidates water crisis lawsuits
(DBN)

Pandora's Box: Dems Should Pay Close Attention to Victims Facing Asbestos Perjury Claims
(DBN)

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Fraud:

DBSI Officials Seek Acquittal of Criminal Convictions
(DBN)

Bank ordered to pay $1.2 million penalty over ZeekRewards involvement
(DBN)

Victims get another small payment in Pearlman 'Boy Band' fraud
(DBN)

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Newspapers:

Decline of newspapers hits a milestone: Print revenue is lowest since 1950
(DBN)

___________

Healthcare:

Tennessee's Community Health Systems in talks to buy Natchez hospital
(DBN)

BMC Offers $4M for Bankrupt Northern Berkshire Healthcare
(DBN)

Mental health nonprofit, in bankruptcy, owes DHHS $2 million
(DBN)

Has New York State Failed its Hospitals?
(DBN)

Reduction of inpatient care is challenging hospital revenues
(DBN)

____________

Hotels:

Preparing for a franchisor bankruptcy filing
(DBN)

____________

Theatre:

Bank Forecloses on Philadelphia Theatre Company's Suzanne Roberts Theatre
(DBN)

____________

Weather:

At Least 21 Killed In Vicious US Tornadoes
(DBN)

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New Bankruptcy Opinions
(4 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 (10 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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Bankruptcy Rules:

Changes to Bankruptcy Rules Go To Congress
(DBN)

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New: Take Our Credit Bid Survey

eDiscovery:

Don’t Argue Gmail is Not Reasonably Accessible
(DBN)

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Finance:

A practical cross-border insight into lending and secured finance
(DBN)

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Retailing:

Brookstone Headed to Auction Block in June
(DBN)

Mall at Steamtown will go on auction block June 10
(DBN)

____________

Electricity:

Energy Future unit Texas Competitive Electric files for bankruptcy --- Energy Future Board Said to Vote for Bankruptcy With Lender Deal --- Energy Future Holdings Files for Chapter 11 Bankruptcy --- Energy Future Files for Bankruptcy Protection in Delaware --- Big Texas Utility Files for Bankruptcy --- Energy Future Holdings Reaches Restructuring Agreement --- Energy Future files for bankruptcy
(DBN)

EFH deal imminent, bankruptcy filing within 48 hours --- Energy Future close to $9.7B bankruptcy financing commitment from banks
(DBN)

NRG Energy seizes the moment while EFH is hamstrung
(DBN)

____________

Autos:

Deadly GM Switch Spells Demise of Antiquated Ignition Key
(DBN)

Used Cars Are About To Get Much Cheaper
(DBN)

____________

Derivatives:

Protection of Collateral for Uncleared Swaps—the Importance of Initial Margin Segregation
(DBN)

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Fishing:

Pescanova Seen Agreeing to $1.4 Billion Restructuring Deal
(DBN)

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Consultants:

Leading Florida bankruptcy investigators Kapila and Mukamal form new firm
(DBN)

____________

Manufacturing:

Baltimore manufacturer awaits bankruptcy auction
(DBN)

Time is running short to save Rosie's plant
(DBN)

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Compensation:

Compensation Committees Inner Workings Revealed
(DBN)

LinkedIn CEO's pay increases more than 40-fold to $49 million
(DBN)

____________

Alternative Energy:

ClearEdge Power: 'No reasonable option' except pursuing bankruptcy, closing Connecticut operations
(DBN)

Suntech Seeks New Cash After China Bankruptcy, Liquidator Says
(DBN)

____________

Currency:

MtGox May Not Be Dead Yet --- Mt. Gox stakeholders to try reviving exchange
(DBN)

Bitcoin Traders Settle Class Actions --- Mt. Gox Bitcoin Exchange Clients Seek Approval of Accord
(DBN)

Sunlot Moves to Halt Japanese Mt. Gox Liquidation
(DBN)

Sueball-slingers seek stake in bankrupt Bitcoin blunder bunker MtGox
(DBN)

____________

UK:

UK prosecutor charges US-based ex-Barclays staff in Libor probe
(DBN)

Insolvency levels increase 4.8% on last quarter
(DBN)

____________

EU:

East Europe Risks New Funding Shock on Tapering, IMF Says
(DBN)

The Only Countries Whose Populations Have Actually Declined Since 1990
(DBN)

Euro zone sentiment, inflation expectations dip in April
(DBN)

____________

PIIGS:

No all-clear on Anglo deal - lawyer --- Irish Bankers Face Jail Threat on Secretive Deal to Survive
(DBN)

____________

Ukraine:

Obama Just Slapped Sanctions On 'The Scariest Man On Earth' --- Who are the Russians on US sanctions list? --- U.S. imposes new sanctions on senior Russian leaders despite officials’ misgivings ---Putin Facing Junk That Rates Powerless to Prevent --- Why Putin Is Probably Chuckling At The Latest Sanctions --- Glory seeker: The latest sanctions threaten Putin’s personal wealth, but this isn’t his main pressure point --- Germany's Ambivalence Exposed By Ex-Chancellor's Birthday Party With Putin --- NATO: Actually, There Is No Sign Of Russian Troops Withdrawing From Ukraine Border --- Ukraine loses at least $80 billion since Russia takes Crimea
(DBN)

____________

Canada:

Ceci n’est pas une institution financière : Existential Crisis For Distressed Debt Focused Hedge Funds
(DBN)

____________

China:

Survey: China's lending bubble a global threat
(DBN)

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Brazil:

Plague of Defaults Seen Deepening Rousseff’s Woes
(DBN)

____________

Austria:

Hypo bank to push Austrian debt to record high in 2014
(DBN)

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