August 15, 2014

The Daily Bankruptcy News

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Law:

How Did Law Firms Fare In The First Half of 2014?
(DBN)

Ethical Considerations For Lateral Moves
(DBN)

Picking A Law Firm: Prestige Versus Practice Area
(DBN)

The Law-School Scam
(DBN)

A Law School That Preys Upon Students With Weak Test Scores For Financial Gain
(DBN)

Fall 2014 Law School Applicants Decline 8.2%
(DBN)

In Defense Of Cleary Gottlieb
(DBN)

EMS Response Time Reviewed After Dan Markel 911 Call
(DBN)

Baker & McKenzie slashes bonuses as partner profits soar 19%
(DBN)

Allen & Overy advertises job for "young" applicants
(DBN)

Barclays turns to Sullivan & Cromwell as litigation bill increases by £1.2bn
(DBN)

The Elite Face-Off: NY vs. London
(DBN)

Boies Schiller Sanctioned $271000 for Case Conflict
(DBN)

Why Men (and Women) Lie to Women
(DBN)

13 Cool Things Siri Can Do For You
(DBN)

Judge Directs Lawyer to Repay Old Student Loan
(DBN)

The 70% Rule Is An Easy Trick For Knowing When To Delegate Work
(DBN)

OK nonlawyer ownership of firms, says Canadian bar
(DBN)

Ferguson Unrest Focuses Attention on Rights of Protesters --- Unfiltered, uncomfortable truths --- A Former Police Chief Explains All The Ways The Cops In Ferguson Made A Bad Situation Worse --- Ferguson Gets Free Military Gear From The Pentagon — Like So Many Police Forces --- Want an armored personnel carrier for your police force? Just fill out this one-page form --- A Breakdown Of The Military-Style Gear Used On The Streets Of Ferguson, Missouri --- Members Of Congress Want Hearings To Ask Whether 'Local Law Enforcement Is Out Of Control' --- Missouri Police Fire Tear Gas At TV Crew And Take Their Equipment --- Police In Ferguson Get Yanked --- Where minority communities still have overwhelmingly white police --- A list of potentially unconstitutional things that police in Ferguson are doing --- Governor Puts Highway Patrol in Charge of Security in Ferguson --- What A Difference A Day Makes
(DBN)

Twitter Is Awful: Lessons From #Ferguson That Lawyers Can Use
(DBN)

Edward Snowden: James Clapper’s lies to Congress pushed me over the edge
(DBN)

Jailed for 48 hours for not paying $2K in truancy fines, woman suffers heart failure and dies
(DBN)

Police: Man Pulls Wendy's Worker Through Drive-Thru Window During Assault
(DBN)

Ron Goldman’s mom puts unpaid OJ Simpson judgment up for auction
(DBN)

Why Blue-Collar Criminal Problems Are White-Collar Criminal Problems
(DBN)

The Pastor in the Mink Coat
(DBN)

Seattle Woman, 33, Arrested After "Humping" Lawn Chairs
(DBN)

5 litigation stories bound to make waves
(DBN)

Defendant argues, to no avail, that robbery case should be dropped because he was then in jail
(DBN)

Lawyer removes fingertips to escape justice
(DBN)

11 Outrageous School Suspensions
(DBN)

Law student is arrested on attempted murder charges in mobile-home fire
(DBN)

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Judges:

Ethics charges reveal new details in case of judge who punched public defender
(DBN)

Judge facing felony case goes off on special prosecutor, says she cannot get a fair trial
(DBN)

What Do A Wendy Davis Campaign Ad And An Unusual SCOTUS Order Have In Common?
(DBN)

Judge Rakoff issues words of caution after begrudgingly approving Citigroup settlement with SEC
(DBN)

Judge: Life as Britain’s newest reality TV star
(DBN)

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Wall Street:

US Stock -Index Futures Advance Before Confidence Report
(DBN)

Stocks close up in light volume trade on easing geopolitics
(DBN)

George Soros Just Made A Huge Bet That US Stocks Might Fall
(DBN)

Markets Are Up Around The World
(DBN)

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Layoffs:

Whither summer jobs? They're coming back, but the road is long, experts say
(DBN)

Cisco to take $700 mln in restructuring charges for layoffs
(DBN)

How states fared on unemployment benefit claims
(DBN)

So many job openings, but so hard to get hired
(DBN)

Exide Technologies Issues Layoff Notices
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Congressman suspects ‘undocumented Democrats’ are bringing Ebola across the border
(DBN)

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Healthcare:

Hospices Could Be Next in Health Care Consolidation Trend
(DBN)

Daughters of Charity mystery: Why is SEIU driving the discussion?
(DBN)

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Pharma:

Lemelson: Ligand Pharmaceuticals At Risk Of Bankruptcy
(DBN)

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Fraud:

The Ponzi Scheme Within Bernie Madoff’s Ponzi Scheme
(DBN)

Figure in Ball State investment scandal bankrupt
(DBN)

The Madoff Boys and Irving Picard
(DBN)

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Derivatives:

Fight Brews on Changes That Affect Derivatives
(DBN)

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Economy:

Jobless claims jump to 6-week high, but remain relatively low --- Weekly Initial Unemployment Claims increase to 311,000
(DBN)

This Is What $11.62 Trillion Worth Of Household Debt Looks Like
(DBN)

Citi: The Economy Has Entered Its Scary 'Phase 3' Where Bubbles Form Prior To A Crash
(DBN)

U.S. Population by Age and Distribution, 1900 through 2060
(DBN)

Household Debt Declines in Second Quarter - Decrease in mortgage balances while credit card balances, student loans and auto loans all increased --- NY Fed: Household Debt decreased Slightly in Q2 2014, Delinquency Rates Lowest Since Q3 2007
(DBN)

Millennials Are Renting Instead Of Buying And The Retail Industry Is Freaking Out
(DBN)

Weakness in Eurozone, Asia pose risks to US economy
(DBN)

Rail Logjams Are Putting The Whole US Economic Recovery At Risk --- Slow Pace of Rail Recovery and Future Woes
(DBN)

Here's How Rich You'd Be If You Had Invested $1,000 With Warren Buffett Way Back When
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Bank Of America Settles Bankruptcy Case By Giving Trustee $26.4 Million In Loans
(DBN)

California Bay Area: July Home Sales down 9% Year-over-year, Distressed Sales and Investor Buying declines
(DBN)

San Diego Real Estate Market Plunges
(DBN)

Ackman's Pershing Square Sues U.S. Over Fannie, Freddie
(DBN)

Threat of Sheriff's Sale of August Wilson Center
(DBN)

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Municipalities:

Bond insurer claims fraud in Detroit pension debt lawsuit
(DBN)

Detroit City Council approves bonds to pay bankruptcy settlements
(DBN)

Detroit City Council backs Orr's plan to refinance $5.2B in water bonds
(DBN)

Detroit city council approves no-bid contract to investigate insurance claims
(DBN)

Duggan gains control of homeland security department, fires director
(DBN)

Donald Trump explains why Atlantic City is failing
(DBN)

Atlantic City is going bust if it can’t break the gambling habit
(DBN)

Two Years After Bankruptcy, San Bernardino Has Begun Talks With Its Creditors
(DBN)

San Bernardino: Bankrupt city, police union reach agreement
(DBN)

Puerto Rico Electric Authority Wins Bank Loan Extension to March
(DBN)

Puerto Rico keeps the lights on, but debt crisis far from over
(DBN)

____________

Banking:

Should Bank Directors’ Fiduciary Duties Be Expanded?
(DBN)

Banks Don't Want To Be Responsible For Busting People For Laundering Money At Casinos
(DBN)

____________

Theme Parks:

Bad Day at Blackfish Rock – SeaWorld Now Says Its Losing Visitors and Money
(DBN)

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Food/Beverage:

Mass. Gov. Patrick wades into Market Basket fray
(DBN)

Former Georgia peanut plant manager testifies about company's practices at salmonella trial
(DBN)

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Retailing:

RadioShack's Hail Mary Pass
(DBN)

Fashion retailer to reopen liquidated DOTS stores
(DBN)

JC Penney Shares Surging As Sales Rebound
(DBN)

Penny-Pinchers Are Slamming The US Retail Chains
(DBN)

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Celebs:

Robin Williams Trust: Actor Left Huge Funds For 3 Kids Before Suicide
(DBN)

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Consumer Finance:

Payday mayday A boom in consumer credit has run its course
(DBN)

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Mass Torts:

Garlock decision could have pushed Bondex's asbestos agreement
(DBN)

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Debt Collection:

Inside The Dark World Of Consumer Debt Collection
(DBN)

___________

Autos:

3 Charts of US Subprime Auto Loans
(DBN)

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Religion:

Diocese of Wilmington Pays High Price for Bankruptcy
(DBN)

Sex-abuse claim filing deadline today
(DBN)

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Construction:

Financial noose began to tighten around Truland's neck two weeks prior to shutdown
(DBN)

____________

Finance:

Import-Export Bank: Congress Divided
(DBN)

____________

Telecoms:

Harbinger Files Competing LightSquared Bankruptcy Plan
(DBN)

____________

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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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:

Rochester-area bankruptcy filings drop sharply in July
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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LLCs:

Peering Through the Muck Again: Another Court Analyzes Whether LLC Operating Agreements are Property Interests or Executory Contracts
(DBN)

____________

Sales:

Sale of Assets Free and Clear Insulates Employee Claims Against Purchaser . . . Almost
(DBN)

____________

Recent Pleadings:

In Fees Suit By Diamond McCarthy Against Bankruptcy Trustee Who Left Firm, Allegations Of Conflicts, Improper Billing In Dreier Case
(DBN)

______________

TBTF:

Confronting Too Big To Fail With Reorganization Bonds
(DBN)

Treasury to Sell Last of Ally Financial Shares
(DBN)

____________

Gambling:

Casino market is getting flooded around Pennsylvania
(DBN)

Revel casino still negotiating with potential bidders
(DBN)

What Revel’s Demise Tells Us About Gaming Tourism’s Shortcomings
(DBN)

Christie vows to do all he can to help casino workers find new jobs after bankruptcy
(DBN)

____________

Environmental:

US Court of Appeals for the Eighth Circuit Preserves CERCLA Contribution Protection Despite Tolling Agreement
(DBN)

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Trustees:

Trustee Rightly Removed for Billing Big Easy Trip
(DBN)

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Weather:

Study: Global Warming Caused By Humans Is The Number One Reason The Glaciers Are Melting
(DBN)

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Heavy Equipment:

Things Not Going Well for John Deere
(DBN)

____________

Education:

Top Prep Schools Can Cost $1M Per Family
(DBN)

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Aviation:

AMR/American Airlines bankruptcy case still has 240 disputed claims totaling $2.7 billion
(DBN)

____________

Sovereigns:

Argentina Defaulted on Bonds No One Can Even Find
(DBN)

Ex-Fitch Argentina Analysts to Advise on Company Finance
(DBN)

Paul Singer Given Green Light to Go After Argentinian Fraudsters
(DBN)

Argentina dubs holdouts an 'international mafia' as deal hopes fade
(DBN)

The Argentina Rescue Mission Has Failed
(DBN)

Cristina Fernandez will use anti-terrorism law against US company that closed its Argentine plant
(DBN)

____________

UK:

Hereford United given two weeks to pay off debts
(DBN)

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EU:

Europe now needs full-blown QE
(DBN)

Eurozone recovery is stalled over Russian sanctions
(DBN)

____________

Germany:

Ex-Hypo Real Estate Managers Charged After Six-Year Crisis Probe
(DBN)

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Australia:

Buccaneer Energy: Recognition of foreign main proceedings in cross-border insolvency matters
(DBN)

Australian court opens door to Chapter
(DBN)

____________

Ukraine:

Russian Military Vehicles Cross Into Ukraine
(DBN)

Heavy Russian Military Equipment Is Joining The 'Aid' Convoy To Eastern Ukraine
(DBN)

Buildup Of Russia Military Vehicles As Aid Convoy Waits Near Ukraine Border
(DBN)

____________

MENA:

Iraq's Maliki Relinquishes Power
(DBN)

____________

China:

China banks fortify balance sheets against loan risks
(DBN)

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