December 10, 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

Format For Mobile Device




Law:

Associate Bonus Watch: Another Day, Another Simpson Match
(DBN)

Managing Partner Confidence in Legal Industry Slowly Grows
(DBN)

Are Lawyers Forced To Evolve?
(DBN)

Kirkland Bankruptcy Fees Hit $20 Million: Business of Law
(DBN)

Which Firms Are Considered The ‘Best Places To Work’ In NYC?
(DBN)

Beyond Biglaw: Market Analysis
(DBN)

Citigroup’s Year in Big Ticket Litigation Expenses
(DBN)

ABA Approves Duncan Law School, Defers Action on InfiLaw’s Acquisition of Charleston Law School
(DBN)

56 Cognitive Biases That Screw Up Everything We Do
(DBN)

The 9 Types Of Men's Collars, And When To Wear Them
(DBN)

Federal judge axes suit against law firm in sunken-treasure hoax, sets sanctions hearing for partner
(DBN)

Disbarred lawyer pleads guilty to using another lawyer’s identity to practice law
(DBN)

Why the World Hates Lawyers --- Legalities Over Civility
(DBN)

P--- Star Passes Most Difficult Bar Exam In The Country
(DBN)

The Road Not Taken: Find Your Useful
(DBN)

Training: The Key To A Strong Biglaw Culture?
(DBN)

8 Mistakes Your Law Firm Might Be Making
(DBN)

Ethical Considerations For Counsel When A Client Asks For Assistance In The Litigation Funding Process
(DBN)

Controversial Exam Question At UCLA Law Sparks Outrage
(DBN)

The Single Most Important Piece of Advice for Aspiring Public Interest Lawyers
(DBN)

9 Proven Ways To Get People To Take You Seriously
(DBN)

You Lose Up To 25 Minutes Every Time You Respond To An Email
(DBN)

The CIA Torture Details --- Report Portrays a Broken C.I.A. Devoted to a Failed Approach --- Report Shows C.I.A. Infighting Over Interrogation Program --- The CIA Reportedly Lied About How We Got Bin Laden --- Feinstein says CIA spied on Senate computers --- The 13 'Enhanced Interrogation Techniques' The CIA Used On Detainees --- CIA lawyers mulled how to improve acceptance of harsh techniques --- 7 key facts about the Senate's CIA torture report --- 5 questions about the CIA detention and interrogation report you wish you didn’t have to ask --- Main Takeaways From the Senate CIA Report --- McCain: Torture Was ‘Ineffective,’ ‘Stained Our National Honor’ --- Let’s not kid ourselves: Most Americans are fine with torture, even when you call it “torture” --- CIA Responds --- George Bush Didn't Know About The CIA's Torture Methods For 4 Years
(DBN)

Supreme Court: No Worker Pay for Exit Security Screening
(DBN)

Which state constitutions still ban atheists from public office?
(DBN)

Federal judge says acquitted attorney can sue Above the Law for defamation, but not Gawker
(DBN)

TGI Friday’s ‘Mobile Mistletoe’ drone crashes into journalist, severs part of her nose
(DBN)

Police: Student Gave H.S. Teacher Pot Brownie
(DBN)

New York Doctor Charged With Abortion And Strangulation In Allegedly Forcing Girlfriend To Swallow Morning After Pill
(DBN)

Man Swaps Furniture While Neighbors Are Out
(DBN)

Mother Outraged Her 6-Year-Old Handcuffed At School
(DBN)

Say What?!
(DBN)

______________

Judges:

New Bankruptcy Judge Named for Eastern California
(DBN)

Judge is investigated amid controversy over courtroom audio-recording system
(DBN)

Federal judge uses cartoon to display ire at BigLaw attorney’s motion
(DBN)

Posner on Legal Education: Tenure, Socratic Method, Con Law in the First Year, Balance Between Scholarship and Teaching
(DBN)

BigLaw lawyer faces possible sanction over petition filed with US Supreme Court
(DBN)

______________

Wall Street:

US stocks : Futures steady amid choppy global markets, weak oil
(DBN)

European indexes close down 2%; Greek stocks crash
(DBN)

US indexes end mostly lower, avoiding sharp declines
(DBN)

Shares fall on oil drop, Greek political turmoil --- Dow Plunges More Than 200 Points As Crude Oil Prices Tumble
(DBN)

______________

Layoffs:

The 50 Best Cities For Job Seekers This Winter
(DBN)

BP expects $1bn job cuts charge
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Environmental:

Investigation Continues Into Freedom Spill In Wake Of Charges
(DBN)

Freedom's Southern set for court appearance in Florida
(DBN)

Freedom Industries President given bond; travel restrictions
(DBN)

____________

Celebs:

NBA Player Who Lost $110 Million Shares His Greatest Financial Lesson
(DBN)

Wealthy rockstars, athletes exploit tax breaks
(DBN)

What Does Todd Chrisley Do for Living, Who Is He?
(DBN)

____________

Defaults:

Fitch: US HY Default Rate 1.5-2% in 2015; Eye on Energy
(DBN)

____________

Alternative Energy:

Hopes Dim for Renewable Power From Ocean Waves and Tides - Wave of marine-power companies go out of business
(DBN)

____________

Tax:

H&R Block Loss Widens as Expenses Rise; Misses Estimates
(DBN)

New Leak Shows Scope of Luxembourg Corporate-Tax Deals
(DBN)

Watchdog: IRS paid $6 billion in bogus child tax credits
(DBN)

____________

Electricity:

Energy Future Holdings Files Monthly Operating Report for October 2014
(DBN)

Paducah Power System Will Not File Bankruptcy
(DBN)

____________

Gambling:

Revel Asks Judge To Cancel Casino Sale
(DBN)

Tax Stabilization Plan May Be Able To Keep Taj Mahal Open
(DBN)

Caesars Seen Skipping Bond Payment Due Dec. 15: JPMorgan
(DBN)

____________

Video Games:

The fall of THQ
(DBN)

____________

Privacy:

Millions of Student Records Sold in Bankruptcy Case
(DBN)

____________

Chemicals:

Reichhold Inc. Announces Bidding Procedure for Sale of US Assets
(DBN)

____________

Autos:

Lessons learned from GM's bailout
(DBN)

____________


Economy:

Number of Job Openings in US Hits 13-Year High --- BLS: Jobs Openings at 4.8 million in October, Up 21% Year-over-year
(DBN)

Credit Card Debt Reaches Record Increase in Third Quarter
(DBN)

Economist: 'Summer Is Coming'
(DBN)

NABE: Economists Forecast Fast Growth in 2015
(DBN)

NFIB: Small Business Optimism Index Increases in November
(DBN)

The Most Unequal Place In America
(DBN)

Roubini: Things Heating Up
(DBN)

Congress Just Reached A Deal On A $1.1 Trillion Spending Bill — But Shutdown Deadline Still Looms
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Cash sales still almost 35% of sales even as share declines
(DBN)

Americans take advantage as mortgage rates tumble
(DBN)

Las Vegas Real Estate in November: YoY Non-contingent Inventory up 20%, Distressed Sales and Cash Buying down YoY
(DBN)

Lawmakers consider barring foreclosures on Sandy homes
(DBN)

Trulia: Asking House Prices up 7.4% year-over-year in November
(DBN)

Here's The Salary You Have To Earn To Buy A Home In 15 Major US Cities
(DBN)

Sen. Warren is right: Blacks and Hispanics were targeted by subprime policy
(DBN)

Defunct U.S. lender did not overcharge homeowners - lawyer
(DBN)

MBA: Mortgage credit got easier in November
(DBN)

4 predictions for the housing market in 2015
(DBN)

___________

Municipalities:

Detroit Emergency Manager Makes Plans to Leave as Formal Bankruptcy Exit Nears --- Detroit emergency manager Orr expected to resign Wednesday
(DBN)

Detroit emergency manager determines financial emergency will end when city exits bankruptcy
(DBN)

Detroit to exit bankruptcy on Wednesday-governor's office says
(DBN)

Finally, A Fresh Start For Detroit
(DBN)

Detroit prepares bankruptcy protection exit
(DBN)

Who Won Big after Detroit’s Bankruptcy?
(DBN)

Des Moines in danger of being insolvent; city says lost state money causing pain
(DBN)

Stockton: Bankruptcy timeline expected Wednesday
(DBN)

Puerto Rico governor says deal reached; buses, trains won't be paralyzed
(DBN)

Puerto Rico's Day Of Economic Reckoning Has Arrived
(DBN)

Cities should talk to unions, not consider bankruptcy
(DBN)

East Cleveland to decide on bankruptcy filing after Q1 -official
(DBN)

Plunging Oil Prices Starting to Hurt Oklahoma's Revenues
(DBN)

____________

Oil/Gas:

WTI, Brent rebound after historic slump --- WTI to average $63 a barrel next year, feds predict
(DBN)

Oil falls below $66 on ample supply, rising stocks
(DBN)

Brent stays above $66 after dip on oversupply worries
(DBN)

Bank of America sees $50 oil as OPEC dies
(DBN)

Big money: Oil to fall more, but energy stocks OK?
(DBN)

Oil prices falling but Bakken producers expected to tough it out
(DBN)

How Oil Trading `God' Hall Made Money as Crude Fell
(DBN)

US shale industry faces endurance test after Opec rejects cuts --- EIA: US Shale Output Still Growing
(DBN)

5 Stock Sectors Feeling Effects Of Low Oil Prices
(DBN)

Texas drilling frenzy made oil crash inevitable
(DBN)

Will this country be the next oil domino?
(DBN)

Crude's plunge takes toll on oil -field services sector
(DBN)

The slick slope of dropping oil prices
(DBN)

BP Is Going To Spend $1 Billion On Restructuring
(DBN)

Oil Producers: Saudi Arabia Knows Exactly What Must Be Done
(DBN)

Iran: Fall in oil prices is Muslim 'treachery'
(DBN)

A global map of oil production says a lot about oil's plunge
(DBN)

Don't look for oil glut to end any time soon
(DBN)

$2 gas is the worst thing to happen to America
(DBN)

____________

Telecoms:

US telecom shares tumble after Verizon warning
(DBN)

____________

Bankruptcy Crimes:

Federal trial to start in Westmoreland bankruptcy fraud case
(DBN)

____________

Personal Finance:

80 Small and Big Ways to Save Money This Year
(DBN)

Harvard Professor Goes On Rant About Business Ethics After He Was Overcharged $4 For Chinese Takeout
(DBN)

____________

Retailing:

The Rise And Fall Of Abercrombie & Fitch
(DBN)

Saving Sears: Eddie Lampert's complicated dance
(DBN)

Catalog retailer Orchard Brands retains Goldman for sale -sources
(DBN)

A&G Realty Partners Retained to Manage Bankruptcy Sale of All Alco Stores
(DBN)

Radio Shack in Talks With Cellular Phone Carriers in Attempt to Avoid Bankruptcy
(DBN)

It ain't easy being a teen (retailer)
(DBN)

Costco quarterly profit tops estimates
(DBN)

____________

Politics:

Elizabeth Warren Joins Revolt Against Wall Street Deal In Government Shutdown Talks --- Warren: Lock 'revolving door' between Wall Street and Washington
(DBN)

____________

Fraud:

Madoff's Former Secretary Gets 6 Years in Prison
(DBN)

Madoff Lieutenants Get Lenient Terms as Ex-Boss Blamed
(DBN)

Concert promoter extradited to face $300M Ponzi charges
(DBN)

Judge: Millions diverted from benefit plan based in Cherry Hill
(DBN)

____________

Religion:

Report: Archbishop Nienstedt lawyers up
(DBN)

____________

Golf:

A golf course closes somewhere in America every 48 hours?
(DBN)

____________

Education:

36 Presidents of Private Colleges Earn More Than $1 Million
(DBN)

____________


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (20 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (3 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:

Bankruptcy Index Declines
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Reform:

The "Redemption Option Premium" in the ABI Chapter 11 Reform Proposals
(DBN)

Weil: The ABI Commission to Study the Reform of Chapter 11 Issues Its Final Report and Recommendations
(DBN)

American Bankruptcy Institute Reform Commission Releases Report Recommending Significant Changes to Chapter 11
(DBN)

Secured Lenders Nervous About Bankruptcy Code Reform
(DBN)

Bankruptcy Panel Upholds Credit Bidding
(DBN)

Rethinking the Role of the Law of Corporate Distress in the Twenty-First Century
(DBN)

____________

Property of the Estate:

“Take That… And Rewind It.”
(DBN)

____________

Unexpired Leases:

Leases: Avoid Unnecessary Headaches With Precise Drafting
(DBN)

____________

UST:

USTP Announces Two Acting U.S. Trustee Appointments
(DBN)

____________

TBTF:

Fed proposing big US banks boost capital cushions
(DBN)

Fed Sets Tough New Capital Rule for Big Banks - J.P. Morgan Would Face $21 Billion Shortfall
(DBN)

____________

Opera:

Two Am Law Firms Seek Another Season for New York City Opera
(DBN)

____________

Aviation:

Russia's Avialeasing files bankruptcy petition against UTair
(DBN)

____________

Finance:

The $1.5 billion oops with Chase and General Motors
(DBN)

____________

Mass Torts:

Garlock Asbestos Plaintiffs Suffer Another Setback
(DBN)

____________

Healthcare:

Specialty Hospital of Washington close to solidifying $5.2 million bankruptcy deal with Silver Point Capital
(DBN)

The Unhealthiest States In The US
(DBN)

____________

Sovereigns:

Singer Default Deal Odds Diminish on Argentina Debt Sale
(DBN)

Venezuela bond prices at all-time low
(DBN)

Venezuelan Bond Buyers Pack Into Manhattan Law Office
(DBN)

Ukraine Faces Bankruptcy If It Cannot Secure A $15 Billion Bailout 'Within Weeks'
(DBN)

____________

UK:

City demands devolution amid attack on bankrupt funding system
(DBN)

Scot Young dead: Bankrupt tycoon falls 60ft from penthouse
(DBN)

____________

EU:

New EU insolvency rules aim to "rescue and recover" viable businesses, ministers say
(DBN)

____________

PIIGS:

Greek Stocks Fall Further on Political Uncertainty --- Greek Stocks Are Tumbling
(DBN)

What The Leftists Who Are Terrifying Greek Investors Actually Want
(DBN)

Greece's stock market just suffered its worst collapse ever
(DBN)

BES collapse could have been avoided, former chief says
(DBN)

____________

Canada:

Ontario Court of Appeal Rejects Theory of “Common Enterprise Insolvency”
(DBN)

Canadian energy firms struggle with debt, survival as oil prices plummet
(DBN)

Plunging oil prices could hurt incomes in Saskatchewan: report
(DBN)

TSX Plummets 2.3% As Financial, Energy Stocks Fall
(DBN)

____________

MENA:

Dubai leads losses as oil drags most Gulf markets down
(DBN)

Saudi king reshuffles cabinet amid falling oil prices and ISIL threat
(DBN)

____________

Ecuador:

Oil Rout Signals Budget Cuts or More Debt for Ecuador
(DBN)

____________

Russia:

Russian Shares Dragged Down by Falling Oil Prices
(DBN)

Russian government mulls aid for ailing airline UTair
(DBN)

____________

Ukraine:

Ukraine facing bankruptcy
(DBN)

Cold Comfort: IMF Mission Returns to Ukraine Empty-Handed
(DBN)

____________

Iceland:

Iceland's Thor Borgolfsson Chronicles His Own Journey To Billionaire, Bust and Back
(DBN)

Iceland's Showdown With Creditors Arrives
(DBN)

____________

China:

China stocks post sharpest decline in five years --- China's Stocks Advance on Stimulus Bets as Banks Rebound
(DBN)

____________

Argentina:

Argentina: Where Cash Is King And Robberies Are On The Rise
(DBN)

____________

Brazil:

Batista Venture in Brazil Seeks Bankruptcy Protection
(DBN)

Brazil Power Utility Eneva Files for Bankruptcy
(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 sto ries 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