December 22, 2014

The Daily Bankruptcy News

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Law:

Associate Bonus Watch: Kirkland & Ellis Returns To Shattering The Bonus Market Ceiling
(DBN)

Associate Bonus Watch: Quinn Emanuel (2014)
(DBN)

Those Hefty Associate Bonuses - Note, Base Pay Hasn't Been Raised
(DBN)

10 Predictions For 2015
(DBN)

Business of Law
(DBN)

Chicago: This law firm is growing like a weed
(DBN)

‘The Gilded Age of Biglaw’: Biglaw Culture Breeds Big Bonuses, But Little Diversity
(DBN)

Unpaid Farmers Sue Allens’ Bankruptcy Advisers
(DBN)

Proskauer Cases Reflect Efforts to Put Firms on Defensive
(DBN)

America’s Richest Lawyer Is An Inappropriate SOB Who Loves To Drop F-Bombs
(DBN)

Benefits Law Firm Files for Bankruptcy
(DBN)

Litigation Finance: Understanding Champerty, Maintenance, And Barratry
(DBN)

Secretary Gifts: What To Get Your Assistant for the Holidays
(DBN)

Lawyers Like Google, But Prefer Paid Research Tools
(DBN)

Here's What To Say In Your LinkedIn 'Summary' Statement
(DBN)

Last-Minute Shoppers Unite! The Ultimate Round-Up of Gift Lists for Lawyers
(DBN)

Stat Of The Week: Dumber Law Students Or A Stupid Test?
(DBN)

The Last Time So Few People Were Starting Law School, It Was 1973 (When There Were 53 Fewer Law Schools)
(DBN)

Declining interest leads LSU Law to look at cutting costs
(DBN)

Law school enrollment plummets to 27-year low, ABA says --- How Can Law Schools Survive?
(DBN)

Tuition Dollars At Work: Pics Of NYU Law’s Over-The-Top Faculty Party
(DBN)

Low Enrollment: A Dream for Law School Hopefuls?
(DBN)

Law Schools - Story Is Their Slow Response To Structural Change In Legal Sector, Not Decline In Students
(DBN)

Best Jobs For Every Personality
(DBN)

Career Choices You Will Regret
(DBN)

Ferguson Grand Jury Heard Witnesses Who Lied, Prosecutor Says --- Did Robert McCulloch Just Admit To Suborning Perjury??
(DBN)

Suspect in NYPD Killings Noted Garner, Brown Cases --- Obama Condemns Killing of Two New York Officers --- The New York Cop Killer Made A Chilling Statement To Passersby Before His Ambush --- NYPD Officers Turn Their Backs On Mayor De Blasio --- NYC mourns officers as rift widens between police, mayor
(DBN)

U.S. Executions in 2014 Dip to 20-Year Low
(DBN)

Ferris Bueller’s day in Court
(DBN)

Woman who stopped car to help ducks gets jail time for causing fatal accident
(DBN)

Orangutan Declared A ‘Person’, Granted Right To Freedom
(DBN)

Say What?!
(DBN)

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Judges:

Posner on greatness
(DBN)

Review of justices' email after p--- scandal finds nothing else inappropriate
(DBN)

Top state court temporarily suspends judge without pay, orders her not to practice law
(DBN)

Judge who flashed badge at police officer claims selective DUI prosecution, but jury convicts her
(DBN)

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Wall Street:

 

Jefferies May Be Headed Toward Junk Credit Rating, Moody’s Says
(DBN)

The Unofficial Goldman Sachs 2014 Holiday Gift Guide
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

Alleged Ponzi schemer used money to put wife on ice
(DBN)

$13M Payback: Judge Approves Rothstein Bankruptcy Distribution
(DBN)

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Gambling:

Caesars plans mid-January bankruptcy filing --- Main Caesars unit plans to seek bankruptcy protection
(DBN)

Caesars, Asset Stripping Allegations, and Absolute vs Relative Priority
(DBN)

Caesars Credit-Swaps Payout Ruling Sought After Payment Skip
(DBN)

Caesars faces rough road as re-org, bankruptcy looms
(DBN)

Caesars Said to Sign Bankruptcy Deal With Senior Creditors
(DBN)

Carl Icahn injects $20M into Trump Taj Mahal --- Despite lack of customers, Taj Mahal still in business
(DBN)

Power supplier wants OK to end Revel energy service
(DBN)

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Financial Privacy:

How The Hackers Broke Into Sony And Why It Could Happen To Any Company
(DBN)

Hackers To Sony: If You Make Any More Trouble, We'll Destroy You
(DBN)

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Celebs:

Jailed ex-billionaire's lawyers seek his release
(DBN)

'Sharktank''s Daymond John Explains The Anatomy Of A Bankruptcy
(DBN)

SEC Loses Bid for Larger Forfeiture From Wyly Brothers
(DBN)

Mark Cuban Threatened To Leave Shark Tank Over Sony's 'Insulting' $30,000 Per Episode Offer
(DBN)

Lil Kim IRS Tax Bill Bankrupts Net Worth after K. Michelle Instagram Feud?
(DBN)

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Education:

Arizona State Completes Deal for Troubled Business School - University to Pay Off $22 Million in Debts Owed by Thunderbird
(DBN)

How two words stir controversy on federal plan to rate US colleges
(DBN)

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Economy:

Fed: Yellen's Christmas Gift for Wall Street
(DBN)

Kocherlakota: The Fed Risks Going Down The Same Road As Japan And Europe
(DBN)

Credit Card Markets Rebound as U.S. Economy Improves
(DBN)

Most US States Are Seeing Jobs Growth, But New Unemployment Numbers Don’t Tell The Whole Story
(DBN)

This Is What GDP Growth Looks Like Around The World
(DBN)

Fed Official Warns of Risk from Hasty Rate Increase
(DBN)

America's Worst Run Companies
(DBN)

US Made $15bn From Bailouts
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Recording: What Happens When There Is An Extra “E”?
(DBN)

Highland Wins $40 Million Verdict in Credit Suisse Case --- Jury faults Credit Suisse in Lake Las Vegas refinancing
(DBN)

Looking back, the housing industry is totally Scrooged
(DBN)

FHA loans could face "tidal wave of defaults"
(DBN)

Fitch Ratings: Housing in Texas and California are officially overvalued
(DBN)

America’s housing market value soars to $27.5 trillion
(DBN)

10 Up-And-Coming US Housing Markets To Watch In 2015
(DBN)

Couple earns court victory over mortgage debt ‘vulture’ investor
(DBN)

In wake of class action filing, Philadelphia DA drops effort to forfeit some homes
(DBN)

Joplin: Indicted developer tries to gain jail release
(DBN)

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Municipalities:

Judge Rhodes Reflects on Detroit Case
(DBN)

$100 Million Cézanne Secret Detroit Bankruptcy Sale By Ford House
(DBN)

Detroit bankruptcy a gift to social studies teachers
(DBN)

Tent city sprouts in shadow of downtown Detroit
(DBN)

Duggan bus tour shows governor the new Detroit
(DBN)

Public Pensions Are America's Greece
(DBN)

Oil Prices Might Mess with Texas
(DBN)

Kansas: Brownback to Use Pension Money for Budget Shortfalls He Created
(DBN)

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Oil/Gas:

Will Oil Price Drop Trigger Change for Law Firms?
(DBN)

Saudi oil chief: No conspiracy behind oil prices --- Saudi Arabia: We'll never cut oil production
(DBN)

Oil rebounds above $62, tracking broader markets
(DBN)

Chart: Proven Oil Reserves
(DBN)

The Energy Sector Goes into Survival Mode
(DBN)

Citing low oil prices, 2nd company halts shale drilling
(DBN)

Gulf Oil Exporters Blame Non-OPEC Producers for Glut
(DBN)

Why the Oil Rout Has Spread - Economists See Benefits of Cheaper Oil. But Before the Gain, Markets Feel the Pain
(DBN)

Fundamentals Aren't Causing Oil Price Slide
(DBN)

The Number Of US Oil Rigs In Use Fell Again
(DBN)

Marks: Oil Prices Expose Debt's Weaknesses
(DBN)

Gas Below $2 at Some Stations in 24 States
(DBN)

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Corporate Reform:

Volcker blasts delay in banks' compliance
(DBN)

Whistleblowers Score a Big Payday - Three Individuals, One Firm to Receive $170 Million in Bank of America Probe
(DBN)

5 Things to Know About How the Government Got $37 Billion From Three Big Banks
(DBN)

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Retailing:

3 Trends That Are Killing Teen Retail
(DBN)

Staples says security breach may have affected 1.16 million cards
(DBN)

OH: Rolling Acres Mall bankruptcy dismissed; county again to try for sheriff’s sale
(DBN)

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Aviation:

American Flight Attendants Helped Doug Parker - So He Pays Them Back --- American Airlines CEO Agrees to $81 Million in Pay Raises for Flight Attendants
(DBN)

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Student Debt:

6 Things Private Lenders Don't Tell You About Student Loans
(DBN)

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Religion:

Franciscan Order On Verge Of Bankruptcy After Financial Fraud Uncovered, Tens Of Millions Missing, Invested Offshore
(DBN)

Milwaukee archdiocese reaches $2.3M settlement with insurers; half proposed for abuse victims
(DBN)

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Healthcare:

How Nonprofit Hospitals Are Seizing Patients' Wages
(DBN)

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Shipping:

Overseas Shipholding Group Announces Board and Management Changes
(DBN)

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Golf:

The future of golf: Handicapped
(DBN)

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Asset Protection:

Denman Creates Confusion For Bankrupt Debtor's Interest In LLC
(DBN)

Bankruptcy Considerations In Asset Protection Planning
(DBN)

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Autos:

Auto Loan Delinquency Rates Expected to Increase in 2015
(DBN)

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New Bankruptcy Opinions
(2 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (24 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (19 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

The Week Ahead
(DBN)

Weil: 2014 - Bankruptcy and Restructuring Annual Review
(DBN)

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Bankruptcy Reform:

ABI Commission Proposes Changes That Would Change Bankruptcy for Secured Creditors
(DBN)

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Plan Confirmation:

Determining the Cramdown Interest Rate: The Burden is on the Creditor
(DBN)

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Dismissal:

Structured Dismissals – How They Work Part II: Proving That Cause Exists to Dismiss the Case Under Section 1112(b)
(DBN)

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Avoidance Actions:

The 'Triggering Event Test' in Bankruptcy
(DBN)

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Recent Pleadings:

9th Cir. Agrees To En Banc In Case Involving Legal Fees For Debtor In Appeal Of Stay Violation --- The Prior Ruling
(DBN)

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Corporate Governance:

Insolvent Company Directors’ Duties to Creditors Under Delaware Law
(DBN)

The GC's Role in Firing the CEO
(DBN)

Why 60% Of America's Companies Are Incorporated In One State
(DBN)

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TBTF:

Bank Bailouts Approach a Final Reckoning - Treasury Sells Remaining Stake in Ally, Last Major Holding in Financial-Crisis Bailout Program --- Ally's Six-Year Bailout to End as U.S. Will Sell Stake
(DBN)

U.S. ends TARP with $15.3 billion profit
(DBN)

Fresh Doubt Over the Bailout of A.I.G.
(DBN)

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Bankruptcy Crimes:

Marijuana manager hid $1 million then filed bankruptcy
(DBN)

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Politics:

Populists Press Democrats to Ease Clinton-Era Embrace of Bankers
(DBN)

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Distressed Investing:

The Vulture Spread Premium: Distressed Investors’ Impact on Recovery Rates and Bond Prices
(DBN)

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Tax:

How Bad Would an IRS Shutdown Be?
(DBN)

Federal judge to FedEx, HSBC and others: Produce any info on U.S. taxpayers who used an offshore service to evade federal taxes
(DBN)

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Sovereigns:

Oil Shakes Venezuelan Debt to Its Foundations
(DBN)

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UK:

Boxing tycoon Barry Hughes goes bankrupt
(DBN)

Opencast coal 'crisis'
(DBN)

Businesses are showing more signs of growth but the recovery remains uneven, say insolvency experts
(DBN)

Here's What London Bankers' Year-End Bonuses Will Look Like Before The New Bonus Cap Comes Into Effect
(DBN)

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EU:

Banks to shun ECB easy money as regulation bites
(DBN)

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PIIGS:

Who lost Greece
(DBN)

Mortgage arrears may be caused by Irish banks' leniency
(DBN)

Receivership 'boom' as fees paid by NAMA hit €66m
(DBN)

Fallen billionaire Sean Quinn now back working for the firm that carries his name
(DBN)

Spain's Princess Cristina Is Going To Court Over Tax Fraud Charges
(DBN)

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Russia:

There's A Problem With Russia's Foreign Currency Reserves
(DBN)

For Russia’s economy, the worst is yet to come
(DBN)

Russia's Central Bank Is Risking A 'Full-Scale Banking Crisis'
(DBN)

Companies In These Countries Have The Most Exposure To Russia
(DBN)

Obama Orders Ban on Trade with Crimea
(DBN)

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Ukraine:

Ukraine's Rating Cut by S&P as IMF Delay Raises Default Risk
(DBN)

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Belarus:

Belarus takes extreme measures to stem currency panic
(DBN)

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