April 30, 2014

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Fees in Energy Future Case Could Hit $270 Million
(DBN)

Here Are All the Lawyers, Bankers and Advisers Collecting Fees In Energy Future Bankruptcy
(DBN)

Weltman, Weinberg & Reis Selects Scott Fink as Bankruptcy Business Unit Leader
(DBN)

Watch This Biglaw Partner Come Close To Losing His Mind During Deposition
(DBN)

Biglaw’s Eroding Edge
(DBN)

New York partners are the wealthiest
(DBN)

Business of Law --- Business of Law (2)
(DBN)

Lawyers Carve Out Their Own Unique Career Path: Ditch Declinism
(DBN)

Check Out This Law Professor Looking Like A Mad Scientist On NBC News
(DBN)

Do Bachelor(ette) Contestants Make Bad Lawyers?
(DBN)

Fox Rothschild Expands Wilmington Office Space
(DBN)

Lawyers Will Crave Lenovo ThinkPad 8 Tablet
(DBN)

Law Revue Video Contest 2014: The Winner!
(DBN)

The ATL Top 50 Law School Rankings: We Hope You Held Your Deposits
(DBN)

This Guy Is Taking SBA Elections Way Too Seriously
(DBN)

Qui Tam: Summer Associates
(DBN)

You've Been Rolling Your Shirtsleeves Wrong Your Entire Life
(DBN)

Law Professor Sends School-Wide Email Bitching About Grads Who Fail The Bar Exam
(DBN)

Do You Have CUD? - For Some, Caffeine Addiction Is Doubly Dangerous
(DBN)

Brooklyn lawyer ensnared in sting after asking undercover officer to ‘talk dirty’ to him, police say
(DBN)

Words That People Almost Always Get Wrong
(DBN)

Oklahoma inmate dies of heart attack after botched execution; second scheduled execution postponed
(DBN)

Adam Silver v. Donald Sterling: A Tale Of Two Lawyers --- Donald Sterling Banned For Life From NBA Including Forced Sale Of The Team --- Experts say his legal options are limited --- The NBA Narrowly Avoided The Biggest Disaster In League History By Banning Donald Sterling --- NBA Suspends Clippers’ Sterling for Life for Racist Remarks --- Chief Justice Roberts, Meet Bundy and Sterling --- The Warriors Had An Incredible Plan To Boycott Game 5 If The NBA Didn't Ban Donald Sterling --- Clippers Website Changes After Sterling Ban --- Donald Sterling Is Going To Make An Obscene Amount Of Money By Being Forced To Sell The Clippers
(DBN)

______________

Judges:

Another Week, Another Rift Between Justices Sotomayor and Kennedy
(DBN)

More On Writing for Judges
(DBN)

Oh Please, Like A Supreme Court Clerk Would Ever Do Such A Thing…
(DBN)

Judge who exercised and sunbathed nude in her office allowed to return to work
(DBN)

Ex-State Supreme Court Justice Hathaway won't see early release from Camp Cupcake
(DBN)

White House seeks swift action on judicial nominations
(DBN)

______________

Wall Street:

U.S. Stock -Index Futures Fall --- US stock markets to watch Yellen, slew of data
(DBN)

Markets Are Heading Down
(DBN)

US stocks gain on earnings; Dow ends up 0.53%
(DBN)

______________

Layoffs:

Here's The Percentage Odds That Your Job Gets Replaced By A Robot
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fashion:

Coach Sliding After North American Comparable Sales Plunge 21%
(DBN)

____________

Compensation:

Buffett says his successor should be the only one at Berkshire Hathaway to get stock options as compensation
(DBN)

The man pushing CEO pay to the stratosphere
(DBN)

____________

Aviation:

An Australian Exploration Company Says It May Have Found The Missing Plane In Area Where Nobody Is Looking
(DBN)

Etihad Still Open To Alitalia Talks, But Won't Budge On Demands
(DBN)

____________

Currency:

Mt. Gox bitcoin exchange customers ask U.S. judge to approve settlement
(DBN)

Mt. Gox Shouldn't Stay Down…Or Should It?
(DBN)

____________

Finance:

CIT Group Declines Most in 18 Months as Earnings Miss Estimates
(DBN)

____________

Gambling:

Suffolk OTB to borrow up to $90M for casino
(DBN)

____________

Fraud:

A Quarter Century of Financial Fraud
(DBN)

____________

Food/Beverage:

Sbarro Cancels Auction After Tepid Interest
(DBN)

____________

Publishing:

U.S. trustee, shareholders criticize Dolan Media bankruptcy plan
(DBN)

____________

Private Equity:

How Private Equity Firms Defraud Investors By Extracting 'Fees' From Their Portfolio Companies
(DBN)

____________

Biotech:

Creditors try to force OPK Biotech into bankruptcy, claiming they are owed $1.4M
(DBN)

____________

Telecoms:

Pensioners take on Nortel bondholders over division of assets
(DBN)

____________

Engineering:

Bankruptcy filing alleges Marlborough's Comprehensive Power Inc. owes more than $15M
(DBN)

____________

Education:

ConnectEDU Files for Bankruptcy Protection
(DBN)

____________

Economy:

US consumer confidence near six-year high --- Consumer Confidence Falls More Than Expected
(DBN)

Yellen's Quest for Clarity Over Rates Leaves Some Saying: What?
(DBN)

What The Fed Will Do Today
(DBN)

Fed expected to keep tapering
(DBN)

Economy Appears to Continue Its Rebound
(DBN)

China Economy to Overtake US in 2014
(DBN)

If You Think Wealth Inequality Is Bad Now . . .
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Home prices in major US cities flat in February from month earlier --- Home-Price Gains Cooled in February
(DBN)

Case-Shiller: Comp 20 House Prices increased 12.9% year-over-year in February
(DBN)

Homeownership Rate Falls To 19-Year Low
(DBN)

HVS: Q1 2014 Homeownership and Vacancy Rates
(DBN)

NMHC Survey: Apartment Market Conditions Tighter in April 2014
(DBN)

MBA: Mortgage Applications Decrease in Latest Survey, Refinance Activity Lowest Since 2008
(DBN)

Fannie Mae Senate Vote Said to Be Delayed Amid Democrats' Rift
(DBN)

GAO Rips Regulators on Foreclosure Prevention
(DBN)

US Housing Market is Broken
(DBN)

N.Y. developer in bids for August Wilson Center
(DBN)

Tallest U.S. Skyscraper Dream Kept Alive by Irish Builder
(DBN)

Mortgage Complaints Overrun Wells Fargo Shareholder Meeting
(DBN)

Woman Loses Her Home Over $6.30
(DBN)

Home Prices Made 'Only a Partial Recovery,' Raskin Says
(DBN)

___________

Municipalities:

Orr struggles to rally senators' support in Lansing for $350M bankruptcy settlement --- Orr: We're counting on state funding
(DBN)

Orr: 'We need ... all the partners' for grand bargain
(DBN)

Detroit bankruptcy deals at mercy of politics, votes
(DBN)

Regrouping for Detroit
(DBN)

Some retirees speak out against Detroit bankruptcy plan despite agreements reached
(DBN)

State Revenue Gains Slow as Income-Tax Collections Decline
(DBN)

Puerto Rico Debt Rallies on Budget That Avoids Borrowing
(DBN)

Shamokin to pursue Act 47 status
(DBN)

Lincoln Park council votes to pursue consent agreement
(DBN)

Obama Moves to Add Tolls to Interstate Highways
(DBN)

TX: The Future of Perry's Corporate Welfare
(DBN)

What Cities Can Do to Avoid Bankruptcy
(DBN)

____________

Electricity:

Energy Future Files for Bankruptcy --- From TXU to Energy Future to Bankruptcy --- Biggest LBO Ends in Bankruptcy as Energy Future Files; Ranks With Enron's Collapse --- Pre-packaged bankruptcy deal --- Looking To Shed $40B In Debt --- Expects to exit bankruptcy in 11 months --- A Failure in Texas --- Energy Future files for bankruptcy, company splitting up --- Energy Future Files for Bankruptcy, Some Second Liens Not on Board
(DBN)

A Texas Bankruptcy Seeks a Home in Delaware
(DBN)

Biggest Buyout Gone Bust in Energy Future Dims Megadeals
(DBN)

Energy Future Bankruptcy Will Split Utility
(DBN)

Energy Future's Path To Chapter 11: A Long And Winding Road
(DBN)

TXU Energy Bankruptcy Has Texas Rivals ‘Licking Their Chops’

The Biggest Private Equity Deal of All Time Has Gone Bust
(DBN)

Bankruptcy’s Silver Lining for Energy Future’s Coal Power Plants
(DBN)

Junk-Bond Default Rate Will Double After TXU Bankruptcy Filing – Fitch
(DBN)

5 Things to Know About Energy Future's Bankruptcy
(DBN)

For those who blew TXU takeover, EFH chief has only praise
(DBN)

What's at stake in the massive Energy Future Holdings bankruptcy?
(DBN)

Energy Future Sponsors KKR, TPG, Goldman to Get 1% Equity
(DBN)

Bankruptcy won't hit Texas power customers
(DBN)

How The Shale-Gas Boom Led to Demise of Energy Future Holdings
(DBN)

Energy Future Holdings Default Highlights Risks of Leveraged Loans
(DBN)

Energy Future Holdings: Texas fold ’em
(DBN)

Warren Buffett's 'big mistake' ends up in bankruptcy court
(DBN)

Factbox: Energy Future Holdings and largest debtor-in-possession loans
(DBN)

Mach Gen Emerges From Bankruptcy With Lighter Debt Load
(DBN)

____________

Banking:

Barclays' US boss McGee quits ahead of new regulations --- McGee Exiting Barclays Shows Lehman Legacy Fading Away
(DBN)

Barclays: Lender to set up bad bank unit
(DBN)

How Bank of America lost billions and forgot to tell regulators
(DBN)

Deutsche Bank Among 15 Europe Lenders Cut to Negative by S&P
(DBN)

____________

Tax:

U.S. Banks to Help Authorities With Tax Evasion Probe
(DBN)

Lois Lerner’s Lawyer: Holding Her in Contempt Would Be ‘Un-American’
(DBN)

____________

Retailing:

Coldwater Creek Gets Approval to Hold Store-Closing Sales
(DBN)

These 15 Retailers Offer The Most Deals And Discounts
(DBN)

____________

Healthcare:

Study finds that debt for the middle-aged and seniors to be associated with increased depression
(DBN)

The Most Deadly Creature on Earth
(DBN)

____________

Agriculture:

USDA refuses to provide info on loan to troubled grain mill
(DBN)

____________

Celebs:

Teresa Giudice Jail Time: 'Real Housewives of New Jersey' Stiffs Waitress 25 Cents While Waiting For Sentencing?
(DBN)

____________

Student Debt:

Is Student Debt Really as Bad as We Think?
(DBN)

____________

New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (94 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (40 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)

______________

Plan Confirmation:

Castleton Plaza II
(DBN)

____________

Venue:

Delaware messes with Texas, sparks fight over mega-bankruptcy
(DBN)

____________

Claim Allowance:

Pre-Petition Default Interest: Don’t Take Anything For Granted
(DBN)

____________

Avoidance Actions:

The “No Harm No Foul” Rule is Alive and Well in the Tenth Circuit, and a Bankruptcy Trustee May Not Avoid Under Secs. 549 and 362 a Transfer if Recovery of the Transfer Does Not Benefit the Estate
(DBN)

____________

New: Take Our Credit Bid Survey

Bankruptcy Social Media:

Xylophone you #discharge such a beautiful melody
(DBN)

____________

Guaranty:

Guarantors Remain Liable Under Renewed Promissory Note, Even Absent Notice or Consent, Where the Modifications Are Not Adverse To the Guarantors’ Interests
(DBN)

____________

Nonprofits:

Navigating a Nonprofit Corporation through Bankruptcy
(DBN)

____________

Television:

Decision on venue in CSNH dispute to come within 2 weeks
(DBN)

____________

Autos:

US government finds out it lost more money with GM
(DBN)

GM Customers Pick Lawyers for Ignition-Switch Bankruptcy Hearing
(DBN)

U.S. Wants to Up Auto Defect Penalties to $300 Million
(DBN)

____________

Corporate Reform:

Bogus Fund Fees Cited by SEC's White in Push to Boost Budget
(DBN)

The Rise of Corporate Impunity
(DBN)

Why Are Big Companies Rarely Ever Punished?
(DBN)

____________

Religion:

Family sues church for $8.5M in sex abuse case
(DBN)

____________

Sovereigns:

Elliott Says Argentina Giving 'Radio Silence' on Talks
(DBN)

Kings, Contracts, and the Rule of Law: Republic of Argentina v. NML Capital
(DBN)

____________

UK:

Number of companies going bust falls 8% in first quarter of 2014 as economic recovery picks up speed
(DBN)

Insolvencies slightly up but levels stable
(DBN)

Rise in corporate insolvencies to hit Hampshire retail sector
(DBN)

Walkers Expands London based Restructuring Practice
(DBN)

Punch Taverns bondholders vote to waive covenants
(DBN)

____________

EU:

European Bonds Stymied as Investors Ponder ECB's Policy Options
(DBN)

____________

PIIGS:

Garda chief: ‘The Anglo case was a very complex, complicated investigation’ --- Gardai are preparing to extradite Drumm from US over Anglo loans --- ISI criticizes bank’s ‘blunt’ approach when dealing with distressed borrowers
(DBN)

Spanish jobless rate nears 26%
(DBN)

2 Convicted Anglo Irish Bank Directors Avoid Jail
(DBN)

____________

Canada:

Who Gets the Upside in a Single-Asset Real Estate Company? Unsecured Creditors, Québec Court Rules
(DBN)

Wincrief Forest Products facing prospect of bankruptcy
(DBN)

Authors Guild Issues Call to MacAdam Cage Authors
(DBN)

Olympic Village proves to be a costly lesson for Vancouver
(DBN)

____________

China:

China's Resource-Dependent And Manufacturing-Heavy Provinces Are Seeing A Major Slowdown
(DBN)

____________

Germany:

German court opens Sunways insolvency proceedings
(DBN)

German jobless total falls in April
(DBN)

____________

Japan:

Japan's Manufacturing Output Tumbles To A 14-Month Low
(DBN)

____________

Ukraine:

Ukraine falls further into chaos --- Ukraine Vows to Staunch Separatism as Militants Spreads --- Russia Threatens Astronauts Over Sanctions --- Exxon’s $900 Billion Arctic Prize at Risk After Ukraine --- Putin Says Sanctions Jeopardize U.S. , EU Energy Deals --- Putin Threat to Retaliate for Sanctions Carries Risks --- Visa And MasterCard Are Suspending Services To Sanctioned Russian Banks --- The United States' Latest Threat To Russia Makes Little Sense --- Putin's Ukraine Fiction Is Falling Apart --- Some US Companies Are Starting To Feel Pain From Ukraine Crisis
(DBN)

____________

MENA:

Two Men Crucified
(DBN)

____________

Vietnam:

Vietnam should consider bankruptcy , economists say
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2014