July 1, 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

Law:

A Biglaw Firm Cancels Its Summer Program In Two Cities
(DBN)

Managing Partner Quits Suddenly, Firm Sends Out Snarky Email In Her Wake
(DBN)

Ranking The Best In Biglaw: The Am Law A-List (2014)
(DBN)

Mounting Legal Fees In Petters Case Now Top $80M
(DBN)

Judge Tosses Defamation Suit Against Cooley Law
(DBN)

BNP Paribas lawyer appears in NY state court to answer 2 counts
(DBN)

Law School Is Not A Stock: It’s A Very Expensive Lotto Ticket
(DBN)

Shuttered Birmingham law firm Johnston Barton faces involuntary bankruptcy; office building owner says $2.5 million owed
(DBN)

Mobile Device Security for Lawyers: How Firms Can Ethically Allow Bring Your Own Device
(DBN)

A Guide To How Men's Shirts And Pants Should Fit
(DBN)

14 Sleek iPhone Accessories That Will Make Your Life Better
(DBN)

Ohio preteens take mom’s boyfriend’s gun, steal booze, terrorize other kids during two-day spree
(DBN)

Meet The 17 Year Old Who Could Soon Be The Youngest Legislator In Her State
(DBN)

Cop Forces Professor To Ground After Being Stopped For Jaywalking
(DBN)

Judge rules against Zimmerman in NBC lawsuit
(DBN)

Massive brawl breaks out on cruise ship
(DBN)

Video: Trucker Pulls Over Speeding Cop
(DBN)

Man Sentenced to 30 Days for Catching Rain Water on Own Property Enters Jail
(DBN)

Dad charged with murder after toddler’s death in hot SUV researched the topic online, affidavits say
(DBN)

Cops: Woman posed as doctor, gave truckers physical exams
(DBN)

New NSA Head: Snowden Did Little Damage --- Snowden Strikes Again: NSA Monitors Entire World
(DBN)

Woman sues employer over stressful commute
(DBN)

______________

Judges:

Poll: Only 30% Have Confidence in Supreme Court
(DBN)

The 49-page Supreme Court Hobby Lobby ruling mentioned women just 13 times
(DBN)

More Than 90% Of Corporations In The US Are Just Like The One At The Center Of Today's Obamacare Decision
(DBN)

Hobby Lobby And The True Gangsta Life Of Justice Alito
(DBN)

The Single Dumbest Headline In SCOTUS History
(DBN)

The Big Cases: How the Supreme Court Ruled
(DBN)

Judge who hit public defender returns to bench, less than a month later
(DBN)

Loincloth-wearing anarchist plotted suicide bomb attack on Indiana courthouse, cops say
(DBN)

Dear Internet, SCOTUSblog Is Not the Supreme Court --- People Have Been Sending Angry Tweets To A Supreme Court Blog All Day — And Its Comebacks Are Hilarious
(DBN)

Ginsburg: Supreme Court Has 'Ventured Into A Minefield' On Obamacare Decision
(DBN)

Justice Ginsburg on Law — and Opera
(DBN)

Federal PDs have 40 days to explain inmate’s letter saying he didn’t authorize SCOTUS appeal
(DBN)

CA CD: Revised Local Bankruptcy Rules Forms Effective June 30, 2014
(DBN)

CA CD: Changes in Requirements for Filing a Bankruptcy Case Effective July 1, 2014
(DBN)

______________

Wall Street:

U.S. Stock -Index Futures Rise on China Manufacturing Data
(DBN)

Stocks post 6th straight quarterly gain: S&P surges 4.7%
(DBN)

Nasdaq set for sixth straight quarter of gains
(DBN)

10 Things You Need To Know Before The Opening Bell
(DBN)

______________

Layoffs:

Underemployment Crisis Bad, Getting Worse
(DBN)

8 Tips For Successfully Penetrating The Hidden Job Market
(DBN)

America’s Underemployment Crisis Is Bad And Getting Worse
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Soccer:

Flaschen Shows Owners How to Play Chapter 11 Game
(DBN)

____________

Autos:

GM recalls 7.6M more vehicles, trading briefly halted --- Cost $2.5 billion against $3.8 billion annual profit --- GM safety crisis grows as recalls mount
(DBN)

Today's GM Recall Brings The Total Number Of Recalled Cars Above 25 Million
(DBN)

GM Recall Compensation Plan Sees Payouts From $20,000 to Millions
(DBN)

GM Compensation Chief Feinberg: At Least $1M For Each Ignition Switch Death
(DBN)

GM to pay all injured, even those drunk or texting
(DBN)

Attorneys Complain GM's Compensation Plan Falls Short
(DBN)

GM sets $US1m minimum payout in switch case --- GM victims fund for ignition defect to have wide eligibility
(DBN)

GM auto dealers sue GM Canada as sales plunge
(DBN)

New Car Sales Likely Fell in June
(DBN)

____________

Gem Stones:

Giant Emerald for Sale After Owner Loses Battle for an Even Bigger One
(DBN)

____________

Shipping:

Genco loses $17.2m
(DBN)

____________

Banking:

Banner Announces Termination of Purchase Agreement With Idaho Banking Company
(DBN)

____________

Celebs:

Evelyn Lozada Accused Of Fraud?
(DBN)

How not to lose $110 million
(DBN)

Aaron Carter Settles Tax Debt
(DBN)

Brandi Glanville moves into new rental pad outside of Beverly Hills,
(DBN)

____________

Politics:

Poll: Majority think Hillary Clinton can relate to average Americans
(DBN)

____________

Financial Literacy:

Students learn responsible credit card use
(DBN)

____________

Healthcare:

Brooks Memorial prepares to go it alone
(DBN)

Natchez hospital deal moves forward
(DBN)

____________

Oil/Gas:

Despite boom, drilling company faces bankruptcy
(DBN)

____________

Coal:

Coal producer seeks more time for bankruptcy plan
(DBN)

____________

Economy:

Chicago PMI falls to 3-month low of 62.6 in June
(DBN)

Fed's Williams sees no rate hike until after mid-2015
(DBN)

Census: More People Living in Areas of Poverty
(DBN)

Dallas Fed: Manufacturing Activity Increases "Picks Up Pace" in June
(DBN)

Iraq Crisis May Send Oil to $150
(DBN)

Report: More Consumers are Avoiding Credit Card Debt
(DBN)

By The End Of Today, We're Going To Know Something Very Important About The US Economy
(DBN)

Tuesday: ISM Mfg Survey, Vehicle Sales, Construction Spending
(DBN)

Janet Yellen Lives In A Gated Community, And Her Neighbors Are Not Happy About All Her Security
(DBN)

Will inflation stay low or rise? A Fed study shows it could go either way --- US inflation hinges on long-term unemployed: Fed study
(DBN)

KKR: The US Economic Recovery Will Last Through 2017
(DBN)

Epic Demographic Chart Shows What's Happening To The Populations Of The US, China, And Japan
(DBN)

Pew: Youth becoming majority-minority
(DBN)

These 30 Countries Contribute The Most Good To The World
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Pending Home Sales Rise Over Six Percent in May --- Pending home sales highest in eight months
(DBN)

Weekly Update: Housing Tracker Existing Home Inventory up 14.0% YoY on June 30th, Above June 30, 2012 Level
(DBN)

US Bank in $200 million deal over mortgage lending violations
(DBN)

Bankruptcy judge OKs purchase of historic Mountain Lodge
(DBN)

Millennials, the Next Key Cog in the Housing Market, Off to Slow Start
(DBN)

Former Miami Beach developer Michael Stern faces more prison time in fraud plea
(DBN)

Trustee wants Vantium to service Community Home loans
(DBN)

Meeting to give glimpse of Channelside's future?
(DBN)

____________

Municipalities:

Majority Of Delinquent Detroit Water Customers In Culture Of: ‘You’re Not Making Me Pay,’ Says Deputy Director
(DBN)

Thousands go without water as Detroit cuts service for nonpayment
(DBN)

Detroit retirees can choose lump sum repayment for annuity 'clawback'
(DBN)

Just Say No! Union Leader Explains Why Retirees Should Reject 'Grand Bargain'
(DBN)

Wall Street Journal Says 'Michelin-Level Dining' And 'Detroit' In The Same Headline
(DBN)

Madonna donating to her hometown of Detroit
(DBN)

Puerto Rico Law Increases Corporation Default Risk
(DBN)

Puerto Rico worries deepen on lawsuits, bond selloff
(DBN)

Puerto Rico Swap Cost at Record High Before Bond Payments
(DBN)

Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
(DBN)

U.S. bond funds sue Puerto Rico, worried about bankruptcy threat --- Puerto Rico Gets 21 Days to Respond to Investors’ Lawsuit
(DBN)

Puerto Rico worries deepen on lawsuits, bond selloff
(DBN)

The 10 Smartest and Dumbest States in America
(DBN)

Boom Meets Bust in Texas: Atop Sea of Oil, Poverty Digs In
(DBN)

____________

Corporate Reform:

Record fine on BNP Paribas --- BNP Paribas's $8.9bn fine is hefty but it's still only a third of the dodgy deals --- 5 Questions Remaining About BNP Paribas’s U.S. Sanctions Settlement --- Cringe-Worthy Memos Show Blatant Fraud At BNP Paribas
(DBN)

BNP's $9 Billion Fine Is Just The Start As US Eyes More Firms
(DBN)

BNP Paribas bankers face personal penalties
(DBN)

50 VA workers seek protection for blowing whistle on poor care
(DBN)

____________

Mass Torts:

Feinberg Reveals Details of GM Compensation Plan --- GM's Victim Compensation Plan Won't End the Liability Mess --- The Cold Calculus of Death In GM's Victims Compensation Fund
(DBN)

GM to Pay All Legal Claims From Faulty Ignition Switches ---- Attorney: GM should waive bankruptcy defense
(DBN)

Lawyers Criticize GM Compensation Plan
(DBN)

GM Sued by California D.A. Over Claims It Hid Defects
(DBN)

____________

Food/Beverage:

A Science Teacher Lost 60 Pounds Eating Nothing But McDonald's
(DBN)

The 10 Best Espresso Machines You Can Buy For Your Home
(DBN)

____________

Aviation:

Jet makes emergency landing after escape chute inflates inside plane
(DBN)

____________

Awards:

Greenberg Traurig Receives Multiple Honors at 2014 Turnaround Atlas Awards
(DBN)

____________

Pensions:

PBGC warns of its own possible insolvency
(DBN)

Pension agency says plans for 1.5 million at risk
(DBN)

PBGC estimates its future financial position
(DBN)

PBGC: Single and multiemployer plan deficits moving in opposite directions
(DBN)

____________

Gambling:

Caesars Turnaround Odds Hobbled by Default-Swap Volumes
(DBN)

____________

Corporate Governance:

American Apparel denies Charney’s request for stockholder meeting
(DBN)

Welcome back Charney? American Apparel saga gets weirder --- Ex-American Apparel CEO might come back
(DBN)

____________

Education:

Anamarc College facing financial problems, students concerned over future
(DBN)

Harvard's President Reveals Her Top Tip For Getting Accepted
(DBN)

Here's Why A University Degree Is Still Worth The Investment
(DBN)

____________

Retailing:

Why You Shouldn't Gamble on RadioShack
(DBN)

___________

Bankruptcy Crimes:

Opelousas man pleads guilty to bankruptcy fraud
(DBN)

____________

Alternative Energy:

Green Power's Tri-City creditors wait for foreclosure decision
(DBN)

5 Truly Bizarre Sources Of Energy
(DBN)

____________

Telecoms:

Phone Provider MIG Files Second Bankruptcy in Five Years
(DBN)

LightSquared Mediator Accuses Ergen Of Bad Faith, Wasting Time
(DBN)

____________

New Bankruptcy Opinions
(0 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (24 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)

______________

Jurisdiction:

Did The Supreme Court Finally Explain Marathon And Stern? Executive Benefits' Impact on Bankruptcy Court Jurisdiction
(DBN)

____________

IP:

The Tale of Breadcrumbs: Eighth Circuit Finds Trademark License No Longer Executory in Interstate Brands Case
(DBN)

____________

Administrative Claims:

What Constitutes “Goods” Under Bankruptcy Section 503(b)(9)?
(DBN)

____________

Sanctions:

Sanctions Over Mexican Villa Transfer Upheld
(DBN)

____________

Veil Piercing:

Court Pierces the Corporate Veil and Tells Designer Knock-Off to Knock It Off
(DBN)

____________

Insurance:

D&O Insurance: Liberalization Endorsement Allows Insureds to Rely on New Policy Form’s Enhanced Insured vs. Insured Exclusion Carve-Back
(DBN)

____________

Electricity:

Energy Future $1.9 Billion Loan Draws Competition, Opposition
(DBN)

TXU debt trades as key hearing progresses over 2nd-lien recoveries
(DBN)

Energy Future Lenders Fight to Put Brakes on Turnaround
(DBN)

Judge urged to reject Energy Future's $2 billion bankruptcy loan plan
(DBN)

Hunt, Teacher Retirement System of Texas may be pursuing Oncor purchase
(DBN)

Lenders line up to oppose Energy Future Holdings financing plan
(DBN)

Energy Future $1.9 Billion Loan Draws Competition, Opposition
(DBN)

Fitch: More Secured Bonds in US High Yield Default Mix
(DBN)

____________

Personal Finance:

Common Money Mistakes New Parents Make
(DBN)

12 Questions You Should Always Ask Yourself Before Accepting A New Job
(DBN)

____________

Fraud:

Supreme Court turns away Madoff trustee claim --- Madoff , Stanford fraud victims refused appeals by US top court
(DBN)

$83 million — so far — for attorneys, accountants in Petters clean-up
(DBN)

June 2014 Ponzi Scheme Roundup
(DBN)

Meet Michael Corliss, the man at the center of the latest Mastro controversy
(DBN)

____________

Sovereigns:

What to Know on Argentina’s Debt Standoff – The Short Answer
(DBN)

Argentina nears default as it reaches bond payment deadline, enters grace period
(DBN)

Argentina Hits Debt Deadline, but Not yet Default
(DBN)

(Technical) Default Watch '14: Argentina
(DBN)

Gov't reiterates willingness to negotiate, rejects 'technical default'
(DBN)

Holdout bondholders say Argentina not at negotiating table --- Singer Says Argentina Won't Negotiate as Default Looms --- Behind The Scenes, Negotiations Between Argentina And Hedge Funds Are Going As Badly As You Can Imagine --- Argentina Obstinate With 'Vulture Funds'
(DBN)

Argentina confirmed Monday 7 July negotiations with hedge funds as instructed by Griesa
(DBN)

Argentina Bond Battle Enters New Phase
(DBN)

Argentina: will it or won't it default?
(DBN)

Argentina lashes out at US over ruling to block interest payments
(DBN)

Eurobonds holders ask Griesa for an exemption on funds block
(DBN)

Argentina, 'vulture' funds battle as debt deadline arrives
(DBN)

A Sort of Special (Sovereign Debt) Language
(DBN)

What's Up With Argentina's 'Vultures' Today?
(DBN)

Argentina vs. Bondholders: The Epic Saga
(DBN)

Corruption charges add to Argentina's debt woes
(DBN)

Argentina : Greed Against Chaos
(DBN)

____________

UK:

Bank Of England Imposes Limits On Household Loans
(DBN)

I Just Moved Back To Britain After 20 Years Abroad — Here's Everything That's Changed
(DBN)

London, After Two Years
(DBN)

____________

EU:

This Unemployment Chart Is A European Scandal
(DBN)

Former French President Nicolas Sarkozy Held For Questioning On Corruption Allegations
(DBN)

____________

PIIGS:

Deloitte acquires restructuring specialist Kavanagh Fennell
(DBN)

Spain Is On Such A Tear
(DBN)

____________

Canada:

IEMR HK Demands Repayment of Note From American CuMo and Files Notice Under the Bankruptcy and Insolvency Act to Enforce Security Held Over American CuMo's Assets
(DBN)

____________

Vietnam:

News laws shut the doors to foreign buyers of bad debt
(DBN)

___________

China:

Chinese Manufacturing Expands But Employment Falls For Eighth Straight Month
(DBN)

____________

Australia:

An Australian chapter 11? Rethink on US-style insolvency
(DBN)

____________

MENA:

What is an Islamic Caliphate? --- Iraq's Parliament Is In Disarray As Insurgents Hold Their Ground
(DBN)

____________

Bulgaria:

Bulgarian channels head 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 stories 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