August 22, 2014

The Daily Bankruptcy News

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Law:

Patton Boggs Managing Partner Comes Clean On Why Merger Was Necessary
(DBN)

15 Highest-Paying Jobs For Professionals With Excellent 'People Skills'
(DBN)

Reinventing The Law Business: An Ode to Large Law Firms
(DBN)

Business of Law
(DBN)

HogLove cuts jobs and offshores more work to South Africa
(DBN)

With BofA Settlement Comes Shift in Work for Firms
(DBN)

Argentina Blaming Cleary Gottlieb for Defaulting on Bonds
(DBN)

How GCs Can Benefit From Litigation Funding
(DBN)

LinkedIn for Dummies Lawyers More Associates Are Using LinkedIn, But Not Well
(DBN)

Two Law Schools Offer Refund Program for Students
(DBN)

ExamSoft Finally Apologizes For Botching The Bar Exam (Refunds Not So Much)
(DBN)

Why Did American University’s Law School Plunge in the Rankings?
(DBN)

Sublease Costs Belong to Defunct Firm, Panel Says
(DBN)

State Attorney General Candidate Described As ‘Train Wreck’ By His Former Law Firm Evaluators
(DBN)

Former Siri Skeptic Explains Why He Started Using The App All The Time
(DBN)

Body of Work: Lawyer Says Bodybuilding Has Changed Her Look and Her Life
(DBN)

Two Shapes Of Shoes Men Should Never Wear
(DBN)

Norton Rose Fulbright trainees star in dream movie
(DBN)

Are You Smarter Than A Paralegal?
(DBN)

Ferguson and the Modern Debtor’s Prison --- Lawyers Playing Key Roles Amid Unrest in Ferguson --- Finally a Peaceful Night in Ferguson --- Prosecutor in Police Shooting Tells Nixon to Decide His Status --- The National Guard Is Being Withdrawn From Ferguson --- ?The Road To Injustice Is Paved With Facts, Evidence, And Witnesses --- Video --- Ex-Police Chief Analyzes Shocking Cellphone Video Of St. Louis Police Shooting Man
(DBN)

Perry Lawyers Dispute Links Between Charges, Ethics Probe --- As Perry Faces Indictment, His GC Faces a Big Test --- Perry Indictment: All Hat, No Cattle
(DBN)

6-year-old won’t stop playing with mom’s BB gun — so she shoots him to teach a lesson
(DBN)

7-year-old turns in mother for cooking meth
(DBN)

Court: Home insurance doesn't have to cover damage from decomposing body
(DBN)

Williamsburg hipster-hater made 400+ fake 911 calls to get rid of cool kids
(DBN)

Tourists, Police, and Elmo Tangle in Times Square
(DBN)

Selfie sent to burglary victim’s cloud account puts couple at forefront of investigation
(DBN)

Woman Steals Police Cruiser, Takes Police On 132 MPH Chase While Yelling At Them Over The Police Radio
(DBN)

Cops: iPhone Shoecam Used To Film Store "Upskirts"
(DBN)

Losing litigant who threw chair at defendant cop after verdict gets 5 years
(DBN)

Attorney charged with murder solicitation wanted his former office manager killed, her lawyer says
(DBN)

Cops: Mail Carrier Beat Pregnant Woman After Questioned About Missing Letters
(DBN)

Feds: Obama Broke Law with Bergdahl Swap
(DBN)

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Judges:

Federal Judge's Arrest Shines Light on Federal Judicial Discipline --- Judge Could Avoid Prosecution in Atlanta --- 'Embarrassed' Judge Will Cooperate with Investigation, His Lawyer Says
(DBN)

A Federal Judge And His iPad
(DBN)

Justice Ginsburg Laments 'Real Racial Problem' in U.S.
(DBN)

The Twilight of Antonin Scalia
(DBN)

______________

Wall Street:

US Index Futures Little Changed Before Yellen Speaks
(DBN)

Wall Street Uneasy Ahead Of Yellen Speech
(DBN)

US stocks : S&P 500 sets record close ; Dow regains 17000
(DBN)

The 50 Stocks Hedge Funds Are Shorting Like Crazy
(DBN)

2 Simple Reasons Why Young Wall Streeters Are Getting Big Raises--- Pay Hike Watch ’15: The Youth Of Goldman Sachs --- Pay Hike Watch ’14: Raises For Everyone (Under 25)! --- But… Why that 20% bank pay raise may be deceiving
(DBN)

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Layoffs:

Jobless claims drop below key threshold, beat expectations
(DBN)

Americans' Satisfaction With Job Security at New High
(DBN)

Twinkie bakery to close, putting 400 out of work
(DBN)

EMS service to lay off 361 workers in central Indiana
(DBN)

10 Companies Hiring Like Crazy Right Now
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Student Debt:

The Student Loan Crusader: How Elizabeth Warren Wants to Reduce Debt --- Elizabeth Warren Wants To Reduce Student Debt By Taxing The Rich --- Warren : Senate to vote again on student loans --- Zywicki : What Elizabeth Warren Fails to Understand About Finance
(DBN)

Stop paying your kids’ student loans
(DBN)

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Finance:

Covenant-Lite Loans: Borrowers Are Running the Show
(DBN)

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Politics:

Elizabeth Warren dodges Hillary question
(DBN)

____________

Celebs:

Not So Fast: The Anna Nicole Smith Estate Battle Isn't Over Yet
(DBN)

Dentist Auctions Off 12-Year-old Unpaid Judgment Against Kim Kardashian
(DBN)

Chef Gordon Ramsay Bankruptcy Issue: 'Kitchen Nightmares' Host Admits To Facing Challenges In Restaurants and Business, Almost $50 Million Dollars In Debt?
(DBN)

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Nonprofits:

Foam Race Facing Bankruptcy, Racers Out Money
(DBN)

____________

Brokers:

Judge Lets Corzine, Other Ex-MF Global Executives Tap Insurance
(DBN)

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Retailing:

Sears 2Q loss widens on sluggish sales --- Sears Is Headed Straight For Death --- Sears more 'irrelevant by the day' --- Here's how you finally fix Sears, says Cramer
(DBN)

Sears Earnings: A Textbook Example of a Company in Freefall
(DBN)

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Cutlery:

America's Knifemakers Are Losing Their Edge
(DBN)

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Personal Finance:

10 Key Characteristics Of Debt-Free People
(DBN)

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Construction:

Robert Truland and his wife could be personally on the hook for millions, surety claims
(DBN)

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Education:

Green Bay: Parents unlikely to get tuition money back from bankrupt private school
(DBN)

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Aviation:

$9 million tentative agreement reached for Rock Airport property
(DBN)

____________

Economy:

US jobless claims fall, bolster labor market outlook
(DBN)

Why Are Jobless Claims Falling So Fast?
(DBN)

Philly Fed Manufacturing Survey increases to 28 in August, Highest since March 2011
(DBN)

Fed Officials Said Job Gains May Bring Faster Rate Increase --- Fed's Williams: Summer 2015 rate hike 'reasonable' --- Fed's George: Hike rates sooner than later --- Fed optimism will give way to total economic meltdown --- The Fed just might raise rates sooner than expected
(DBN)

In Jackson Hole, Central Bankers and Easy Money Collide
(DBN)

‘Hissy Fit’ Risk to Markets Seen If Hawks Prevail in Fed
(DBN)

Banks Told Fed Ahead of July FOMC They Expected 3Q 2015 Rate Hike
(DBN)

Manufacturers Love US, Mexico --- US manufacturing PMI rises to 4-year high in August
(DBN)

Rates Tick Higher As Fed Minutes Hint At Earlier Hike
(DBN)

Families Forced to Live in Cars
(DBN)

Census: The Poor Did Get Poorer
(DBN)

The World Economy Is Stuttering, And Russian Sanctions Haven't Even Been Felt Yet
(DBN)

Saving Horatio Alger: Equality, Opportunity, and the American Dream
(DBN)

Car Loan Delinquencies Rise Slightly
(DBN)

How The World Feels About 8 Moral Issues
(DBN)

11 Companies That Lost Money in 10 Quarters
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Existing- home sales have hit their strongest pace of 2014 --- Sales Rise for 4th Straight Month --- A Few Comments on Existing Home Sales
(DBN)

Foreclosed-Property Sales Fall to Lowest Levels Since 2008
(DBN)

Florida homeowners get huge chunk of BofA settlement
(DBN)

It's officially unaffordable to rent in almost all major cities
(DBN)

Los Angeles Housing Still the Least Affordable
(DBN)

Bank of America Monitor Vows to Speed Mortgage Relief
(DBN)

Some homeowners could get hit with a whopping tax bill if they accept help through Bank of America’s settlement
(DBN)

Homes Built for Rent Claim Smaller Share
(DBN)

Freddie Mac: Mortgage rates fall to year's lows
(DBN)

Distressed sales down to lowest share since before housing bubble broke
(DBN)

Capmark Strikes Secret Settlement With Former CEO
(DBN)

Bankruptcy judge approves unusual Aventura office sale
(DBN)

Barclays-Thornburg Settlement; Every CEO Should be Watching BofA & Mozilo Events
(DBN)

Check Out The Floor Plan For NYC's New $110 Million Penthouse
(DBN)

___________

Municipalities:

Detroit Updates Bankruptcy Plan Saying Water Agency Possible
(DBN)

Detroit’s latest Plan of Adjustment
(DBN)

Detroit's bond offer may not have hit mark --- Detroit water and sewer bond tender appears to fall short
(DBN)

Detroit Seeks Water-Bond Sellers to Escape Default
(DBN)

Fitch: Detroit Water/Sewer Tender Would Not be a Distressed Debt Exchange
(DBN)

How Detroit will pay its bills, post-bankruptcy
(DBN)

Plan to cut Detroit schools' pay by 10 percent OK'd
(DBN)

Atlantic City is a debacle where the worst is yet to come
(DBN)

Hedge Funds in Puerto Rico's power authority accord include Redwood, Knighthead
(DBN)

____________

Coal:

NWR Bondholders ‘Likely’ to Back Restructuring, CFO Says
(DBN)

____________

Telecoms:

LightSquared Is Back In Business
(DBN)

____________

Healthcare:

UMC announces second, bigger round of layoffs
(DBN)

____________

Mass Torts:

Asbestos Defendant Wants to Comply with Subpoena
(DBN)

Garlock Creditors Oppose Bankruptcy Asbestos Plan Proposal
(DBN)

____________

Food/Beverage:

Warren Blasts Market Basket
(DBN)

MI: Louie's Fresh Supermarket files for bankruptcy
(DBN)

Hot Dog on a Stick is purchased from bankruptcy for $12.2 million
(DBN)

Auction dud leaves Lemonis clear path to pick up Crumbs
(DBN)

____________

Corporate Reform:

US Regulators Issue Verbal Slap Down To The World's Largest Banks
(DBN)

Record Bank of America Settlement Latest in Government Crusade
(DBN)

Bank of America's $16 Billion Mortgage Settlement Less Painful Than It Looks
(DBN)

The largest bank settlements in history
(DBN)

How Much Banks Have Paid Out in Fines
(DBN)

____________

Music:

Watch The American Music Industry Splinter Into Bits Over 30 Years In 30 Seconds
(DBN)

____________

Accounting:

Extra-Marital Affairs Site Claims Accountants are Kings of Romance Because Their Jobs are Boring
(DBN)

____________

Fraud:

Ken Springer airs Wall Street's dirty laundry
(DBN)

____________

Soccer:

Pittsburgh Riverhounds Aim to Score Bankruptcy Exit
(DBN)

____________

Alternative Energy:

The MIT Curse Strikes Again: Lilliputian Systems Files For Bankruptcy
(DBN)

Financially troubled fuel maker KiOR misses key payment
(DBN)

____________

Debt Collection:

ABA continues to oppose CFPB’s proposed debt collection survey
(DBN)

____________

Rare Earth Minerals:

Molycorp: Sans Oaktree Financing, Q1 2015 Bankruptcy Likely
(DBN)

____________

Bankruptcy Crimes:

Iowa man sentenced to 46 months in prison for grain and bankruptcy fraud loses sentence appeal
(DBN)

____________

Golf:

Job losses after Milton Park Golf Club goes into liquidation
(DBN)

____________

Weather:

Think the Water Crisis Can't Get Worse? Think Again
(DBN)

Has Atlantic Ocean Stalled Global Warming? --- Temperatures to Rise Again After 2030
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (15 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (21 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)

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History:

J. Howard Marshall: Scion of Bankruptcy Reform?
(DBN)

____________

DIP Finance:

Let’s Call the Whole Thing Off: What Happens if the Bankruptcy Code Says Yes, But the Debtor’s Governance Documents Say No?
(DBN)

____________

Successor Liability:

Delaware Bankruptcy Court Holds Section 363(f) Bars Successor Liability for ERISA Claims
(DBN)

____________

Administrative Claims:

International Shipments Deemed "Received" by Debtor When Delivered to Common Carrier "FOB Port of Origin" - Rather Than Physically Received - for Purposes of Granting an Administrative Expense Claim Under Sec. 503(B)(9) of Bankruptcy Code
(DBN)

____________

Cross-Border:

Chapter 15 Bankruptcy a Developing Area of Law
(DBN)

Judicial cooperation in international insolvency- swings and roundabouts?
(DBN)

____________

TBTF:

Breaking Up (the Banks) May Not be Quite So Hard to Do
(DBN)

____________

Autos:

Some GM Plaintiffs Seek a Way Around Bankruptcy Stay
(DBN)

US Probing GM Lawyers on Recalls
(DBN)

____________

Gambling:

Interest payment looms for Hard Rock's owner
(DBN)

____________

Sovereigns:

Argentina's Defaulted Bonds From 2001 Plunge as Payout Odds Fall --- Argentina bonds steady as investors brace for long fight
(DBN)

Argentine Debt Proposal Falls Flat; Aurelius Says Country Choosing ‘To Be Outlaws’
(DBN)

Argentina Bonds Judge to Hold Hearing on Contempt Request --- Argentina describes Griesa as 'ignorant'
(DBN)

Frustrated Judge Scolds Argentina but Does Not Hold It in Contempt
(DBN)

US judge Griesa declares jurisdiction change illegal
(DBN)

The Judge In The Argentina Vs. Hedge Funds Case Just Exposed A Big Weakness
(DBN)

Argentina and Elliott – was it really a bond play?
(DBN)

Argentina’s Defiance in Debt Swap Dims Market Redemption
(DBN)

Gov't calls holdouts to accept new swap for 'certain' payment chances
(DBN)

European holders of swapped Argentine bonds willing to accept removal of the RUFO clause --- Argentina bondholders working with Deutsche Bank on RUFO waiver
(DBN)

'Macri more in tune with vultures, Griesa than with Argentina’s interests'
(DBN)

Stiglitz would have recommended debt swap reopening
(DBN)

Argentina Swaps Auction to Include Disputed Yen Bonds , ISDA Says
(DBN)

Argentina’s Peso Weakening at Fastest Pace Since January
(DBN)

____________

UK:

Ex-BlackRock Exec Doesn’t Have To Explain His £43,000 Commuting Scam To You
(DBN)

Hedge Fund Bonuses Got Whacked In London
(DBN)

Antony Costa becomes the third member of Blue to become bankrupt in a year
(DBN)

Co-op Bank reports loss of £75.8m --- Co-operative Bank warns more job losses to come
(DBN)

____________

EU:

Nobel Laureate: 'Historians Are Going To Tar And Feather Europe's Central Bankers'
(DBN)

Spectre of ‘lost decade’ haunting Europe
(DBN)

Europe Worried Banks Lack Cash to Cover Bad Loans
(DBN)

Worse than the 1930s: Europe’s recession is really a depression
(DBN)

____________

PIIGS:

Surprise as Dunne tries to drop US bankruptcy bid --- Tycoon badly miscalculated in seeking redemption in US
(DBN)

____________

Russia:

It Could Take 6 Months To A Year Before Sanctions Begin To Really Hit Russia
(DBN)

Russia Is Going After More McDonald's Restaurants --- After Russia targets McDonald's, businesses on edge --- Russians Are Peeved --- Kremlin to Russians: No food? No problem
(DBN)

____________

MENA:

The Islamic State Warned The Foleys Their Son Would Be Killed In An Email --- James Foley Was Reportedly Traded As A 'Pledge Of Allegiance' To ISIS By Another Rebel Group --- The Final Email ISIS Sent To James Foley's Family Is Released --- ISIS offered to swap Foley for 'Lady al Qaeda'
(DBN)

Up to twenty more Westerners held hostage
(DBN)

ISIS Is 'Beyond Anything We've Ever Seen'
(DBN)

Everyone Who Wants To Destroy ISIS Needs To Know One Hard Truth --- Obama's Mission Against ISIS Just Fundamentally Changed
(DBN)

More British Muslims fight for Islamic State than Britain
(DBN)

The Failed Rescue Operation In Syria Was Huge
(DBN)

A Leading Hamas Commander Just Said The Group Was Behind June's West Bank Kidnappings --- Israel Is Now Going After Top Hamas Commanders With Air Strikes
(DBN)

____________

China:

China's Big Bosses Face Massive Pay Cuts
(DBN)

____________

Ukraine:

Russia's Gazprom Says Ukraine's Unpaid Gas Bill Tops $5 Billion
(DBN)

Moscow Defies Kiev, Moves Russian Aid Trucks Toward Ukraine
(DBN)

Germany Is Telling Ukraine To Back Off Crushing Pro-Russian Rebels Or Else Putin Will Get Mad
(DBN)

____________

Mexico:

Oceanografia Ships Said to Sit Idle as Losses Increase
(DBN)

____________

Asia:

Legal hodge-podge frustrates Asian harmonization
(DBN)

____________

South Korea:

Daewoo founder blames gov't for group failure
(DBN)

____________

Australia:

Does Australia need a US style chapter 11? Encouraging and facilitating corporate turnaround in Australia
(DBN)

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