August 8, 2014

The Daily Bankruptcy News

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Law:

Weil Gotshal Pulls Bankruptcy Partner Away from Kirkland
(DBN)

Law firm sues now-former name partners after 16 lawyers exit in 3-way split
(DBN)

What To Do When The Partner Track Closes
(DBN)

BigLaw won't die, it will just have a 'miserable life'
(DBN)

Lawyers offer tips on how to adapt to the ongoing disruption in the legal market
(DBN)

Solo is censured for failing to detect paralegal's participation in mortgage fraud scheme
(DBN)

Speculation abounds in law prof's slaying; delayed response to his shooting questioned
(DBN)

Tech Interrogatories: 7 Questions With Ajay Patel From HighQ
(DBN)

Ashurst outsources support for lawyers
(DBN)

Those Articles on Not Going to Law School -They Will Always Get Tons of Traffic, But There's a More Compelling Issue
(DBN)

"Out of Time" - Why Young Lawyers Shouldn't Hate Hate Hate Baby Boomers Holding On to Jobs
(DBN)

On Remand: Purple Hearts And (Not So) White Lies
(DBN)

Mindset Matters: Lawyers Who Lead Well Are Receptive to Change
(DBN)

Reinventing The Law Business: Are Lawyers Only Happy When They’re Miserable?
(DBN)

Biglaw Adviser Says: These Layoffs Weren’t Personal, They Were ‘Appropriate’
(DBN)

Tenured Prof Sues Law School, Claiming Gender Discrimination in Pay
(DBN)

Summer Associate Offer Rates (2014): A Round-Up
(DBN)

Islamic State's new icon is a hipster jihadi lawyer
(DBN)

Here's The Best Way To Start A Negotiation (If You're A Guy)
(DBN)

Texas teen faces possible life sentence for making pot brownies
(DBN)

Pro se attorney credits holy card for acquittal in racketeering trial, along with 2 other lawyers
(DBN)

Law grads sue over ‘Barmageddon,’ seek refund of software fee and punitive damages
(DBN)

Pot Growers Steal Water In CA Drought
(DBN)

Insane case of mistaken identity: Woman arrested, told she’s actually dead, jailed anyway
(DBN)

‘Fed up’ FL woman fatally stabs 7-year-old grandson as he begs for his life
(DBN)

This Is The Worst Way To Start An Email
(DBN)

Why Republicans Could Have A Big Problem On Their Hands By Suing Obama
(DBN)

Oklahoma high school teacher arrives to first day of school drunk and removes her pants
(DBN)

An insurance agent’s improper fax rampage just cost MetLife $23 million
(DBN)

Detroit jury deliberates in porch shooting trial; media van is stolen outside courthouse
(DBN)

Man is accused of stealing lawyer's identity by duping attorney registration officials
(DBN)

Where Did Ally McBeal Go to Law School? 9 Fictional TV Lawyers' Alma Maters
(DBN)

What Seems To Be The Problem, Officer?
(DBN)

Reporters Threatened With Arrest After Filming President Grant’s Cottage Near A New York Prison
(DBN)

Officials Look For Man Shown Kicking Squirrel Off Grand Canyon As Joke
(DBN)

Detroit Man Convicted Of Murdering Teenager Who Came To His House Seeking Help After A Car Accident
(DBN)

Man Armed With Leaf Blower Arrested For Doing Yard Work In The Nude
(DBN)

Jailers Laugh and Joke While Inmate Slowly Dies
(DBN)

Teenagers Allegedly Hijacked A School Bus For A Joy Ride
(DBN)

Arrested Monday in LA as airline stowaway, woman, 62, is released Wednesday, arrested again Thursday
(DBN)

A Toddler Breached White House Security And The Secret Service Had A Fantastic Response
(DBN)

Thieves Case Funerals, Break Into Vehicles During Burials
(DBN)

The Number Of Children Caught Trying To Cross The Border Plummeted Last Month
(DBN)

Firm sued over partner's superyacht drafting blunder
(DBN)

Lawyer advertises himself as best ever human being
(DBN)

Lawyer accused in $6M client theft won’t face criminal or civil trial; where money went is unknown
(DBN)

NJ cop: Since Obama ‘doesn’t follow Constitution, we don’t have to’, Police Department: "He's An Embarrassment"
(DBN)

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Judges:

Magistrate S--
(DBN)

Olszewski goes on defensive - Former judge says lawsuit’s claims are ‘malicious attack’
(DBN)

Videos from the Ninth Circuit Judicial Conference
(DBN)

Academics Focus on the Behavior of Federal Judges
(DBN)

______________

Wall Street:

US Index Futures Slump After Obama Approves Air Strikes
(DBN)

World stocks mostly down on Ukraine, Iraq jitters
(DBN)

Dow Falls to Lowest Since April as Ukraine Tensions Grow
(DBN)

Markets Gripped by Political, Growth Fears
(DBN)

______________

Layoffs:

Thousands of Market Basket part-timers told they will be out of work as of Sunday
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Celebs:

Gordon Ramsay reportedly over $50 million in debt and near bankruptcy again
(DBN)

Real Housewives Of New Jersey Teresa Guidice Seeks Sympathy On Bravo! Criminal Tears Up After 41 Counts Of Fraud Stealing From Tax Payers And Flaunting Money On RHONJ
(DBN)

Judge Recommends Jail for Girls Gone Wild Founder Joe Francis
(DBN)

____________

Aviation:

Alitalia set to seal Etihad investment, secure jobs
(DBN)

State fund to take over Malaysia Airlines, plans 'complete overhaul' --- Malaysia Airlines to Be Delisted After $429 Million Offer
(DBN)

____________

Politics:

Elizabeth Warren Weighs In On The 'Having It All' Debate
(DBN)

Kansas GOP official: Americans have a ‘duty’ to offend Muslims — ‘especially with a .45′
(DBN)

____________

Infrastructure:

Feds call off highway funding cuts
(DBN)

____________

Corporate Reform:

Regulators Are Reportedly Looking Into Goldman Sachs' Dark Pools
(DBN)

Private equity firms pay $325 mln in US collusion settlement
(DBN)

US Seizes $480 Million in Abacha Assets
(DBN)

Santander Bank Gets Subpoena on Subprime
(DBN)

Goldman, JPMorgan in Senate's crosshairs for commodities holdings
(DBN)

____________

Construction:

First bankruptcy hearing for Truland Group Inc. reveals a house in disorder
(DBN)

____________

Student Debt:

Education Department to ease college loan rules
(DBN)

____________

Autos:

GAO Report Indicates GM Bailout Worked
(DBN)

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Economy:

Fed survey: 25 pct of households 'just getting by' --- 40% Of Households Show Signs Of Financial Stress
(DBN)

Almost 20 percent of people near retirement age have no retirement savings
(DBN)

Oil Boom and Housing Bust Alter US Spending Trends
(DBN)

Two Fed Officials Stake Out Different Positions on Market Levels
(DBN)

Jobless claims fell 14,000 last week to 289,000 --- Jobless Claims in US Have Dropped About as Much as They Can
(DBN)

The 1% May Be Richer Than You Think, Research Shows
(DBN)

Big Split: How Women and Men Disagree on the Economy
(DBN)

Many US families feel economic stress, few see wages rising: Fed
(DBN)

Junk-Bond Exodus Accelerates
(DBN)

America’s credit card addicts just climbed back on the wagon
(DBN)

Consumer Borrowing Posts Weak Growth --- Consumer Spending is Recovering Slowly From Recession
(DBN)

Fed Survey: A Third of Americans Say They’re Worse Off Post-Recession
(DBN)

Economists See Second-Half GDP Growth of 3% --- Economists Still Betting on 2015 Fed Rate Rise, WSJ Survey Shows
(DBN)

How Millennials Are Poised to Help the Housing Recovery
(DBN)

Poll: Americans Think Washington Is the Problem
(DBN)

Goldman Sachs Economist Dashes Our Hopes For A Big US Business Spending Boom
(DBN)

Americans Give Up Passports as Asset-Disclosure Rules Start
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US taxpayers to get another big check from Fannie Mae, Freddie Mac
(DBN)

WSJ Survey: More Worry that Housing Will Cave In
(DBN)

Foreclosure Starts Hit Pre-Crisis Low
(DBN)

California Probes Morgan Stanley Over Mortgage Bonds
(DBN)

How Weak Is Housing? Five Charts Tell the Story
(DBN)

Q2 National Delinquency Survey: About 2 Years until Normal Levels --- MBA: Delinquency and Foreclosure Rates Decrease in Second Quarter
(DBN)

NAHB: Builder Confidence improves for the 55+ Housing Market in Q2
(DBN)

Trulia: Asking House Prices up 7.8% year-over-year in July
(DBN)

___________

Municipalities:

Why Mishandling Detroit’s Bankruptcy Trial Could Hasten Other Municipal Bankruptcies
(DBN)

Detroit offers aid, payment plans on delinquent water bills
(DBN)

Detroit groups say Duggan's water plan is just a start
(DBN)

Detroit to Resume Water Shut-Offs After Aug. 25
(DBN)

Puerto Rico Weighs Restructuring Alternative
(DBN)

California Cities Stumble in Recovery
(DBN)

Flint emergency manager blasts City Council for 'obnoxious' behavior, denies meeting request
(DBN)

Donald Trump: 'Atlantic City Has Always Cannibalized Itself'
(DBN)

How Wall Street Tobacco Deals Left States With Billions in Toxic Debt
(DBN)

____________

Retailing:

RadioShack Restructuring Manual Plagiarizes From Holiday Handbook
(DBN)

Will RadioShack's Suppliers Let It Live Through The Holidays?
(DBN)

____________

Bankruptcy Crimes:

Jessamine woman sentenced to seven years in bankruptcy fraud case
(DBN)

____________

Debt Collection:

A High-Level Discussion of Debt Collectors, Involving no Debt Collectors
(DBN)

Firm Suing 270 Debtors Daily Accused of High-Speed Errors
(DBN)

____________

Fraud:

Distributions coming in high-profile Colorado Ponzi scheme
(DBN)

____________

Healthcare:

Chapters Health System, Parent Company of Good Shepherd Hospice, Cuts 89 Jobs
(DBN)

Bankruptcy court approves auction of Season Christian, other Lamad properties
(DBN)

Obama Says Problems At VA Were 'Wrong' And 'Outrageous'
(DBN)

____________

Personal Finance:

5 Things You Should Never Buy At Full Price
(DBN)

These 13 Things Are Blowing Up Your Budget
(DBN)

____________

Television:

AT&T and DirecTV agreed to buy CSN Houston
(DBN)

Astros, Rockets optimistic about new AT&T/DirecTV network plan
(DBN)

Plan to rescue sports network will keep games on Comcast
(DBN)

____________

Telecoms:

Lightsquared Files New Reorganization Plan With Ergen in Mind
(DBN)

LightSquared files revised reorganization plan
(DBN)

Harbinger Cut Out Of LightSquared Bankruptcy Exit Plan --- LightSquared Scraps Cerberus-Led Reorganization Plan
(DBN)

____________

Gambling:

Delay of Revel bankruptcy is hardly a good sign, experts say
(DBN)

____________

Mass Torts:

Texas Supreme Court applied unique approach to ‘every exposure’ theory in asbestos cases
(DBN)

Utility: chemical spill has cost $11M this year
(DBN)

____________

Banking:

Banks Hoarding Capital Not Enough for Basel as Nordics Raise Bar
(DBN)

____________

Hotels:

Hotels: Occupancy up 4.5%, RevPAR up 11.0% Year-over-Year
(DBN)

____________

Credit Reporting:

FICO Recalibrates Its Credit Scores
(DBN)

____________

Recycling:

Receiver at Creative Recycling Systems uncovers lease, payroll issues
(DBN)

____________

Amusement Parks:

Trustees see limited options to stop park sale
(DBN)

____________

New Bankruptcy Opinions
(6 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (12 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)

______________

Bankruptcy Statistics:

Birmingham bankruptcies continue to decline
(DBN)

Corporate Bankruptcy : Assessment, Analysis and Prediction of Financial Distress, Insolvency, and Failure
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Coming and Going Concerns
(DBN)

____________

Avoidance Actions:

In Assessing Solvency, Beware the Unknown Unknowns
(DBN)

Mere Conduit Saved From Preference Liability – Fourth Circuit Upholds Defense Under § 550
(DBN)

____________

Jurisdiction:

Bankruptcy Jurisdiction: From Stern to Executive Benefits, Wellness International and Beyond
(DBN)

____________

TBTF:

'No more bank bailouts' cannot be an empty slogan
(DBN)

What if banks fail now?
(DBN)

____________

Shipping:

Shipping Chapter 11s: Safe Harbor or Rough Seas? (Continued)
(DBN)

____________

Awards:

Turnarounds & Workouts Honors Carl Marks as 2014 Outstanding Investment Banking Firm
(DBN)

____________

Theatre:

On the Block: San Jose Repertory Theatre’s Costumes, Props
(DBN)

____________

Tax:

Obama Explores Tax-Code Weapons in Inversion-Merger Fight
(DBN)

As U.S. firms flee to Europe, can Washington get its act together on tax reform?
(DBN)

Transfer Pricing Questions Arising in Bankruptcy, Whistleblower Cases
(DBN)

____________

Sovereigns:

The Hedge Fund Manager Taking Down Argentina Massively Trolled The Country At The World Cup
(DBN)

Griesa summons hearing for Friday
(DBN)

How Barack Obama could end the Argentina debt crisis
(DBN)

Argentina Sues U.S. in International Court of Justice Over Debt Dispute --- Argentina seeks legal case against US in The Hague
(DBN)

Pari passu goes to the Peace Palace
(DBN)

Argentina's Rational Default
(DBN)

Argentina’s Griesafault
(DBN)

Argentina Hardens Discourse, Could Stymie Solution on Debt
(DBN)

Holdouts could reach debt deal next week
(DBN)

Argentina's Wall Street Fixers Joined by Deutsche Bank for Talks
(DBN)

Threat of new claims in Argentina debt fight
(DBN)

____________

UK:

Banks Will Flee Scotland If It Votes For Independence, Threatening 9% Of GDP
(DBN)

London Home Price Up 19% in a Year
(DBN)

____________

EU:

Europe weaker after Russia sanctions, ECB
(DBN)

Europe’s low inflation is sending it into a lost decade
(DBN)

___________

PIIGS:

Portugal to promote swift sale of new BES after rescue -central bank chief
(DBN)

Spanish Insolvency Proceedings Drop to Three-Year Low on Economy
(DBN)

Italy’s triple-dip recession has wiped out all its growth since 2000
(DBN)

____________

Germany:

German Interest Rates Go Negative
(DBN)

____________

MENA:

Pope calls for action --- Isis pulls down church crosses --- U.S. Approves Iraq Strikes, Airdrops Aid
(DBN)

27 Maps That Explain the Crisis in Iraq
(DBN)

Gaza Archbishop: Hamas Fired Rockets From The Roof Of A Church Filled With Refugees --- Hamas Not Extending Gaza Truce
(DBN)

Creditors approve $2.7 billion debt restructuring for Dubai's Amlak
(DBN)

____________

Poland:

Fewer bankruptcies forecast for 2014
(DBN)

____________

Hong Kong:

Hong Kong Court Recognizes Foreign Liquidators
(DBN)

____________

China:

Meet China’s Boomerang Kids: One-Third of Graduates Rely on Parents, Survey Says
(DBN)

____________

Australia:

Australia's Unemployment Rate Suddenly Surged To A 12-Year High
(DBN)

Australia's Lenders Flagged as Economy Attempts Shift
(DBN)

Misfiring Australian Economy Brings Rate Cut Closer
(DBN)

____________

Ukraine:

World Bank approves loans to strengthen Ukraine's banking system
(DBN)

World War on Russia’s Mind When U.S. Duels Over Ukraine
(DBN)

____________

Korea:

Pantech confirms filing for court receivership
(DBN)

____________

Brazil:

Pescarmona Seeks Brazil Bankruptcy Lift With Credit Deal
(DBN)

Brazil's Oleo sells shares in former OGX gas unit for $87 million
(DBN)

____________

Russia:

Former Yukos Investors in Record Win Following Ten-year Dispute With Russia
(DBN)

Russia’s ban on American food imports is going to hit the U.S. poultry, pork and nut industries the hardest
(DBN)

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