April 3, 2014

The Daily Bankruptcy News

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Law:

Patton Boggs gets ‘serious overture’ from Dentons
(DBN)

Ex-Dewey Partners Settle Trustee's Clawback Claims
(DBN)

Do law firms care what classes new lawyers took in law school?
(DBN)

Business of Law
(DBN)

Too Sexy Looking for Your Own Good?
(DBN)

Marketing: No Such Thing As A Free Lunch
(DBN)

Momentive Performance Lenders Hire Dechert for Restructuring
(DBN)

Which Law Schools Had the Best Yield Rate In 2013?
(DBN)

The Decision To Close Up Shop
(DBN)

3 Tips To Enjoying Time Off As A Contract Attorney
(DBN)

What Critics of Lateral Hiring Get Wrong
(DBN)

Excel For iPad: I Love It But Wouldn't Buy It And Neither Should You
(DBN)

Supreme Court Voids Overall Campaign Donor Limits --- Legal Experts React to Supreme Court’s Campaign-Finance Ruling --- Before and After the Supreme Court's Ruling --- Highlights from the Supreme Court’s Campaign-Finance Ruling --- Highlights from Justice Breyer’s McCutcheon Dissent --- Clarence Thomas: 'We Remain In A Halfway House Of Our Own Design'
(DBN)

Supreme Court: Airline can drop frequent flier who complains too much
(DBN)

Subway Reaches Tentative Deal With Plaintiffs Over ‘Footlong’ Claims
(DBN)

9 Habits Of Incredibly Charming People
(DBN)

Teen who sued parents going to WNEU
(DBN)

Cops: 80-Year-Old Woman Kidnapped By Couple Outside Salvation Army, Robbed
(DBN)

NJ police giving tickets to drivers caught eating
(DBN)

A Wounded Warrior Who Turned On His Own
(DBN)

Judge Has "Unclaimed Funds" Lawyer Jailed for Theft
(DBN)

US Intelligence Agencies Searched Americans' Emails Without Warrants
(DBN)

Fool Me Once . . . : April Fool’s Day Prank Of Daughter Leads To Mother’s Arrest
(DBN)

The Eggers Firm
(DBN)

Recruitment Staff Pet Peeves
(DBN)

Bomber blows self up after forgetting to set watch forward for Daylight Saving Time
(DBN)

Police Capture Millionaire Couple Living Off Welfare, Medicaid On Yacht
(DBN)

Auto Worker Had $50M in Stolen Art in Home
(DBN)

‘Rothko’ painting bought for $7.2M was a fake painted in a garage, purchaser says in lawsuit
(DBN)

Zac Efron to play Yale law grad in new movie based on John Grisham’s ‘The Associate’
(DBN)

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Judges:

Vacant Texas federal judgeships languish
(DBN)

Justice Roberts Doesn't Believe Money Corrupts
(DBN)

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Wall Street:

US Stock Futures Little Changed Before Jobless Claims
(DBN)

S&P 500 hits another record after ADP figures
(DBN)

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

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Layoffs:

Yellen gave a shout out to two ex-offenders in a speech this week. So what?
(DBN)

Wayne Farms to cut 560 jobs
(DBN)

Juniper Networks lays off 570
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

Hawk 'n' Dove Heads to Bankruptcy Court
(DBN)

Capitol Hill Restaurants' Former Owners Owed Millions
(DBN)

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Tax:

Caterpillar hearing morphs into tax-code debate
(DBN)

Credit Suisse takes $480m charge for tax inquiry
(DBN)

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Banking:

National Republic Bank's troubles deepen with biggest borrower's bankruptcy
(DBN)

Crime inquiry to open on Citigroup
(DBN)

Overdraft Fees at Bank Hit New Highs
(DBN)

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Consultants:

EPIQ Systems Rating Lowered to Neutral at Zacks
(DBN)

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Education:

Here's The College Essay That Got A High School Senior Into Every Ivy League School
(DBN)

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Fraud:

Minnesota Ponzi Scheme Fallout Spans the Globe
(DBN)

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Staffing:

Large U.S. Staffing Firm Files Pre-Packaged Chapter 11
(DBN)

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Finance:

'Amend and Pretend' or 'Fake it 'till you Make it'?
(DBN)

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Shipping:

Genco Shipping Says Definitive Debt Accord Needed by April 4
(DBN)

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Gambling:

Caesars Uses $100 Million Lure for Asset Shift
(DBN)

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Uranium:

Federal government to manage Ohio uranium project
(DBN)

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Retailing:

Outlet malls' popularity could spell their demise
(DBN)

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Economy:

More Americans see middle-class status slipping
(DBN)

Inequality: Even Worse Than We Thought
(DBN)

ADP: Private Employment increased 191,000 in March
(DBN)

Wall Street Economists Are Revolting Against The ADP Jobs Report
(DBN)

Survey: Small Businesses add more Jobs in March
(DBN)

US factory orders jump
(DBN)

IMF chief says global growth still too weak
(DBN)

Citi: Here's What Will Happen To The Global Economy In The Next 4 Years
(DBN)

Study: Civil servant system outdated
(DBN)

US Residents Paid 9.8% of Their Income in State, Local Taxes
(DBN)

New York leads US in residents' tax burden for 7th straight year
(DBN)

Everyone Hates Paul Ryan's Doomed Budget
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Apartment Vacancy Rate declined to 4.0% in Q1 2014
(DBN)

Philly: Partners in failed Foxwoods project file for bankruptcy
(DBN)

Mortgage Purchase Applications Increase, Refinance Applications Decrease
(DBN)

Hard-hit Vallejo, Calif. property market now on an upswing
(DBN)

Police Say Arrest Only “Days Away” In Brutal Slaying of Menachem Stark
(DBN)

Jury acquits 2 lawyers and developer in federal housing kickback case
(DBN)

Ireland Said to Hire Receivers for Builder Behind Chicago Spire
(DBN)

Those who lost homes in massive Wash. mudslide may still owe mortgage payments
(DBN)

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Municipalities:

Detroit Judge Asks Lawyer for Bankruptcy-to-English Translation
(DBN)

Constitutional challenges to the Detroit bankruptcy
(DBN)

Meet the (proposed) Expert
(DBN)

Busy Day in Bankruptcy Court
(DBN)

Detroit skips payment on GO bonds as revised plan comes under fire
(DBN)

US bankruptcy judge approves $120M US loan for Detroit
(DBN)

Orr turns up the heat on Detroit pensioners; they push back
(DBN)

A look at early Jones Day involvement in Detroit
(DBN)

Dining on Detroit's Coney Island Hot Dogs
(DBN)

Detroit's new lights signal brighter future
(DBN)

Dissecting the Disclosure Statement
(DBN)

A Better Way to Protect Detroit Pensioners
(DBN)

Judge approves loan to boost Detroit services: 'The time to begin is now, if not before now'
(DBN)

Detroit Bankruptcy Plan Outlines $1.5 Billion in Spending
(DBN)

How Alaska and Wyoming Make People From Elsewhere Pay Their Taxes
(DBN)

Detroit Water Tussle Avoided in Flint Pipeline Debt
(DBN)

PA: State House advances distressed-cities bill
(DBN)

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Autos:

Senators accuse GM of coverup in delayed ignition-switch recall --- Barra Seeks to Distance GM From Old Cost-First Culture --- Senators express doubts to Barra about new GM --- Senators attack Barra and GM culture in hostile interrogation --- Senate Turns Up Heat on GM’s Evasive CEO Barra --- McCaskill: GM lied about deadly ignition switch
(DBN)

GM could use a tip from BP on contrition's risks
(DBN)

Will G.M. Compensate Victims?
(DBN)

Mary Barra's Defining Moment: Can GM Become The Next Tylenol?
(DBN)

Is General Motors criminally liable for its faulty ignition? --- GM Hearings Revive Debate on Corporate-Fraud Penalties
(DBN)

Despite hurdles, Delphi's liability in GM recall could be tested
(DBN)

GM Recall Concessions Hardly Mollify Plaintiffs Bar
(DBN)

Without Answers, GM's Apologies Are Starting To Sound Hollow --- GM needs to provide specific answers: Expert
(DBN)

CEO Barra says GM to share everything related to safety from probe of defective part
(DBN)

Chrysler recalls nearly 900,000 Jeeps, Durangos to fix brake problem
(DBN)

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Personal Finance:

You Are Paying an Insane Amount in Overdraft Fees
(DBN)

____________

Aviation:

Etihad has examined Alitalia's books, to present plan soon
(DBN)

____________

Healthcare:

North Adams Regional Hospital bankruptcy plans could complicate efforts to reopen, expert says
(DBN)

____________

Fishing:

Pescanova Lenders Said to Present Alternative Restructuring Plan
(DBN)

____________

Private Equity:

Apollo's Momentive Performance Preparing for mid-April Bankruptcy Filing
(DBN)

____________

Oil/Gas:

Energy executives turn pessimistic about industry’s future
(DBN)

____________

Electricity:

Energy Future plan to wipe out KKR, TPG, Goldman investments
(DBN)

Energy Future Talks Pit Billionaires Against Billionaires
(DBN)

When will the Energy Future Holdings time bomb go off?
(DBN)

____________

For-Profit Education:

EDMC cuts 200 jobs nationwide, sells Art Institute of Pittsburgh building
(DBN)

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Derivatives:

Architect of credit default swaps to leave JPMorgan
(DBN)

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New Bankruptcy Opinions
(9 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 (6 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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Miscellaneous:

March Madness: Weil’s Championship Round
(DBN)

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Trustees:

Reflections on the Dark Side - What Is A Chapter 7 Trustee's Role?
(DBN)

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Secured Debt:

Dragnet Clauses: Sometimes They Don’t Work as Hoped, and Sometimes They Do
(DBN)

___________

Professional Compensation:

Getting Fees Paid by the Chapter 11 Estate Without Proving Substantial Contribution?
(DBN)

____________

Cross-Border:

An English man in New York COMI in the UK or the Us?
(DBN)

____________

Subordination:

Mandatory Subordination Under Section 510(b) Extends to Claims Arising From Purchase or Sale of Affiliate's Securities
(DBN)

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Executory Contracts:

Seventh Circuit Suggests That Longer Assumption/Rejection Deadline Should Govern Integrated Franchise and Commercial Lease Agreements
(DBN)

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Distressed Investing:

Giving a Debtor a Big Club Against Lenders
(DBN)

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Claims:

EDKY: FDCPA Does Not Apply to Proof of Claim
(DBN)

"Trade Away!" - Bankruptcy Court for the Southern District of New York Decides That Original Issue Discount From Fair Value Exchanges Is Allowable in Bankruptcy
(DBN)

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Exemptions:

Shielding Inherited IRAs From Creditors
(DBN)

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New: Take Our Bankruptcy Reform Issues Survey
(DBN)

Stress:

Zurich Insurance executive's widow confronts executives at company's annual meeting
(DBN)

Clifford Chance considers rolling out trainee stress programme across firm
(DBN)

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Celebs:

Ex-All-Star Lenny Dykstra sues, alleges jail beating
(DBN)

7 Celebs Whose Parents Decimated Their Fortunes
(DBN)

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Mass Torts:

Judge Denies Access to 'Misrepresentation' Evidence in Asbestos Bankruptcy
(DBN)

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Sovereigns:

Sovereign Debt Update
(DBN)

IMF ramps up loan conditions despite promises, study finds
(DBN)

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EU:

Investcorp Joins Rush to Invest in European Distressed Debt
(DBN)

Dexia Takes 447 Million-Euro Accounting Hit Amid ECB Test
(DBN)

The Euro Zone Just Had Its Best Quarter In Three Years
(DBN)

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PIIGS:

ie: 'Computers not people' decide how banks approach arrears --- Liquidator appointed to publisher of Buy & Sell --- New insolvency service 'too expensive' --- No disclosure on SME debt restructuring --- Just four insolvency deals involving mortgage debt approved
(DBN)

Borrowing costs in recovering Greece fall to pre-bailout levels --- Too early to tell if Greece needs new bailout, says Dijsselbloem --- Talks on debt relief could start in May, Greek official says
(DBN)

Europe’s Recovery Diverges as Italy Jobless at Record
(DBN)

Spain services sector grows for fifth straight month in March: PMI
(DBN)

____________

Germany:

Hypo Real Estate to pick Depfa buyer shortly - sources
(DBN)

____________

France:

Belvedere Shows Risks as French Insolvency Law Falls Short
(DBN)

____________

Ukraine:

Lagarde Says Ukraine Standoff May Cloud Global GDP Outlook --- US details charges against Ukrainian oligarch --- NASA Suspends Contact With Russia's Space Agency Over Ukraine
(DBN)

Russia's Binbank to take over Ukrainian bank unit after "political pressure"
(DBN)

____________

China:

Debt troubles within the Great Wall
(DBN)

China embarks on 'mini' stimulus programme to kick-start economy
(DBN)

Near-bankrupt Chinese property firm offers lesson in lending risks
(DBN)

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Australia:

Bevilles enters voluntary administration
(DBN)

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MENA:

Dubai World hires Blackstone to look at debt options
(DBN)

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