July 18, 2014

The Daily Bankruptcy News

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Law:

Bingham McCutchen reportedly has approached 4 major firms seeking a merger partner
(DBN)

Who Are America’s Best-Paid General Counsel? (2014 Rankings)
(DBN)

Business of Law
(DBN)

NJ: Midsized Firms Seizing on Post-Recession Opportunities
(DBN)

New York Is A Great Place To Be Indicted
(DBN)

ABA To Honor Law Dean Who Has Done The Most To Embarrass Legal Education
(DBN)

Law school enrollments decline, starting salaries rise
(DBN)

Which Firms Are Potable For Your Portable Business?
(DBN)

Paralegal’s suit claims law firm should have paid for overtime
(DBN)

Are These The Law Schools With The Largest Gains In Employment?
(DBN)

Former Client Sues Firm, Lawyers for Legal Malpractice Alleging Payment of $400,
(DBN)

GM's Top Lawyer Hit for Legal Department's Recall Failings
(DBN)

Law School Debt Leads Some Grads to Consider Bankruptcy
(DBN)

'Too Old' Miss Delaware Sues Miss America For Millions After Being Stripped Of Crown
(DBN)

NSA monitored calls of 35 world leaders after US official handed over contacts
(DBN)

10 Secret Features Hidden In Your Mac
(DBN)

The Best Men's Dress Shoes For Less Than $200
(DBN)

Suspect in lawyer’s slaying said messages in newspaper, music told him to do it, cop says
(DBN)

San Diego strippers sue police over naked pictures during 'inspections'
(DBN)

This Lucky Lawyer Gets To Marry Winnie From The Wonder Years
(DBN)

George Clooney's Lawyer Bride Wigging Out
(DBN)

Freelance Lawyers Working From the Beach. Really?
(DBN)

Associates launch women’s pre-partnership network to promote talent retention
(DBN)

Hailing cab in handcuffs points police to man who escaped custody en route to court hearing
(DBN)

Atheists ready to deliver invocations after Supreme Court ruling
(DBN)

Jailed Man Orders Pizza to Arresting Officer's Home
(DBN)

Denver Airport Rental Car Agencies Inundated With Pot Left Behind In Cars By Travelers
(DBN)

Drunk Man Posed As TSA Agent, Patted Down Women At Airport
(DBN)

I Was Wrongfully Convicted Of Murdering My Wife — Here's How I Adapted To Prison --- Millions Appropriate for Exonerated New Yorker
(DBN)

This Drug Trafficking Case Says A Lot About What's Wrong With Undercover Cops In America
(DBN)

State trooper admits to stealing bloody gold crucifix, cash from dying motorcyclist
(DBN)

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Judges:

The Mother Court: Tales Of Cases That Mattered In America’s Greatest Trial Court
(DBN)

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Wall Street:

US Index Futures Are Little Changed After S&P 500 Slump
(DBN)

US stocks tumble on geopolitical turmoil; Dow drops 0.94%
(DBN)

Bubble Paranoia Setting in as S&P 500 Surge Stirs Angst
(DBN)

We’re in the third biggest stock bubble in U.S. history
(DBN)

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Layoffs:

Microsoft to lay off 18,000 --- How Microsoft Exec Told 12,500 Employees They Were Getting Laid Off --- Microsoft Shares Rise To New 14-Year High --- Microsoft Employees In Seattle Are 'Shell Shocked' At The Size Of The Layoffs
(DBN)

More Than 1,400 Flour-B&W Workers To Receive Possible Layoff Notices
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

An Obscure Hedge Fund Has Mapped Out A Recovery Plan For American Apparel
(DBN)

How RadioShack Made Billions Disappear
(DBN)

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Toys:

Can Anyone Save Barbie? Mattel Sales Fall Again
(DBN)

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Autos:

GM Faces New Round of Tough Questions on Capitol Hill
(DBN)

Quinn Emanuel to Conduct Review
(DBN)

Lawyer confirms GM will use bankruptcy shield against recalled-vehicle claims
(DBN)

US senators to GM: Why wasn't top lawyer fired?
(DBN)

GM's GC Tells Skeptical Senators He's 'Deeply Sorry'
(DBN)

Senators call on GM CEO to fire top lawyer
(DBN)

At Hearing on G.M. Recall, Mary Barra Gives Little Ground
(DBN)

GM CEO says will not fire general counsel Millikin
(DBN)

GM to review, reorganize legal dept in response to recall
(DBN)

GM General Counsel Millikin Says Company Will Not Waive Bankruptcy Shield For Those Who Pursue Legal Claims Outside The Feinberg Fund
(DBN)

GM 'approved and wanted' faulty switch design, says Delphi CEO
(DBN)

GM Warned by Their Own Lawyers on Ignitions
(DBN)

Senate bill would punish executives who conceal product dangers
(DBN)

AutoNation profit misses expectations, shares drop
(DBN)

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Fraud:

Trustee: TelexFREE was pyramid scheme
(DBN)

Ponzi Man Is on the Lam, SEC Says
(DBN)

NY Trustee: Madoff’s Sons Created Accounts to Buy Pricey Manhattan Real Estate
(DBN)

Mastro jewels bring in $350K at auction
(DBN)

SEC Looking at 44 Firms for Possible Insider-Trading Violations
(DBN)

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Economy:

Jobless Claims Beat Expectations
(DBN)

Big jump in number of millennials living with parents reported
(DBN)

Only 63% of Adults are in Labor Force
(DBN)

Surprise: The Economy isn’t As Bad As You Think
(DBN)

Think the Fed Should Raise Rates Quickly? Ask Sweden How That Worked Out
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

U.S. building permits tumble 4.2% in June, housing starts down 9.3%
(DBN)

Horrific Housing Report Was All About One US Region
(DBN)

US average rate on 30-year home loan 4.13 percent
(DBN)

Channelside suitor accuses Vinik, port of collusion
(DBN)

Colorado Whacks Foreclosure Attorneys, Hard
(DBN)

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Municipalities:

Emergency Manager Kevyn Orr Says He’ll Leave Detroit Once Bankruptcy Is Settled
(DBN)

Conyers, U.S. House Dems push bill to protect workers in municipal bankruptcy
(DBN)

What Happens When Detroit Shuts Off the Water of 100,000 People
(DBN)

Detroit water shutoffs timeline
(DBN)

The truth about Detroit's pension woes
(DBN)

Schilling, Zaccagnino hearings on 38 Studios lobbying postponed to Aug. 4
(DBN)

Puerto Rico bonds crash high-yield municipal debt party
(DBN)

New creditor group backs Puerto Rico efforts to revamp debt
(DBN)

Guam Governor Sells Trust to Puerto Rico Buyers
(DBN)

Atlantic City Adrift as Casino Closings Sap Jobs Market
(DBN)

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Aviation:

Malaysian Plane 'Shot Down With 295 On Board' --- UK Stocks Fall as Passenger Jet Shot Down Over Ukraine --- Separatists Have Shot Down Multiple Aircraft Over The Past Month --- Pilots Continued Flying Over Ukrainian War Zone Because It Was The Fastest And Cheapest Route --- Now, Airplanes Getting The Heck Out Of Ukrainian Airspace --- Chilling Transcript Of Militants Realizing They Shot Down A Passenger Plane --- Graphic Photos Show Wreckage Of Malaysia Airlines Crash In Ukraine --- The Black Box Has Already Been Taken To Moscow --- Malaysia Airlines Confirms The Nationalities Of 298 Passengers Aboard MH17
(DBN)

State support for Malaysian Airlines grows more urgent ---- Is this the end for Malaysia Airlines?
(DBN)

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Personal Finance:

37 Products With Crazy High Markups
(DBN)

7 Money Lies Too Many Couples Tell
(DBN)

How To Get Around New York In Case The LIRR Strike Actually Happens
(DBN)

Why You Can't Rely On A Salary To Get Rich
(DBN)

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Currency:

New York Just Released Its Bitcoin License, And They're Going To Change The Face Of Digital Currencies In The US
(DBN)

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Banking:

Bank Liable for Aiding and Abetting Breach of Fiduciary Duties
(DBN)

New Frontiers in Foreclosing on Banks
(DBN)

Morgan Stanley Beats Earnings Expectations By A Hair
(DBN)

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Mass Torts:

Report: FBI quizzing people about meningitis that sickened 751 nationwide
(DBN)

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Electricity:

NextEra Sweetens Energy Future Loan in Oncor Takeover Bid
(DBN)

Power company NextEra outbids itself in fight for Oncor
(DBN)

Energy Future Holdings acquisition: NextEra, noteholder group up offer
(DBN)

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Chemicals:

Momentive’s Senior Lenders Sue Juniors Over Payment Plans
(DBN)

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Healthcare:

Jennie Stuart Medical Center to drop 70 jobs
(DBN)

Hospital officials: Massena Memorial could be bankrupt by next year
(DBN)

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Theatre:

Local theater community rallies behind troubled Philadelphia Theater Company
(DBN)

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Tax:

Supersizing Warren Buffett's $2.8 Billion Tax Deduction
(DBN)

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Awards:

Chadbourne Named "First Tier" Municipal Bankruptcy Firm
(DBN)

Top 250 Women in Litigation - winners announced
(DBN)

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Distressed Investing:

RBS winding down distressed debt unit, sources say
(DBN)

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Student Debt:

A Student Loan Is a Loan... Really?
(DBN)

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Furniture:

Furniture Brands creditors to receive 3.4% to 13.9%
(DBN)

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Batteries:

Exide creditor panel objects to new DIP, at issue is noteholders’ control
(DBN)

Residents Don't Trust Exide to Live Up to Deal
(DBN)

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Weather:

CA Residents Urged to "Keep Lawns Green" While Saving Water
(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 (7 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (26 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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Jurisdiction:

U.S. Supreme Court to Tackle Questions Left Unanswered by Stern and Executive Benefits
(DBN)

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Miscellaneous:

Win Rudy's Yankees Tickets!…
(DBN)

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Discharge:

The Fourth Circuit Provides a Useful Roadmap for Debtor’s Seeking Third-Party Releases
(DBN)

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Safe Harbors:

The Bankruptcy Code's Safe Harbors for Settlement Payments and Securities Contracts: When Is Safe Too Safe?
(DBN)

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IP:

The Acquisition of IP Assets in Bankruptcy
(DBN)

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Pro Bono:

The ethics of pro bono bankruptcy clinics
(DBN)

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TBTF:

Republicans take issue with big bank living wills
(DBN)

Warren, McCain: Rein in 'Big Banks'
(DBN)

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Religion:

Creditors' Lawyers Press Archdiocese of Milwaukee to Pay Up
(DBN)

Missouri Catholic diocese fires lesbian church worker after her marriage appears in newspaper
(DBN)

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Infrastructure:

Jon Stewart tackles highway funding fight
(DBN)

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Hedge Funds:

Cohen pays $900M fine to federal government
(DBN)

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Sovereigns:

Harvard Professor Jeffrey Frankel: Sovereign Debt at Square One
(DBN)

Argentina must make whole the retail bondholders whom it once targeted
(DBN)

Argentina Hasn't Defaulted Until It Says It's Defaulted!
(DBN)

Defiant CFK tells BRICS Argentina will not default debt
(DBN)

Argentine creditors seek names to waive deal-killer clause
(DBN)

Argentina Default Nears,Govt Says Funds Deposited for Payments
(DBN)

Argentina Default Worries Renewed as Fernandez Defiant
(DBN)

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UK:

UK financial watchdog has prioritized most serious Libor cases
(DBN)

Begbies issues red flag
(DBN)

Planning to study law at university? Read this first
(DBN)

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PIIGS:

Final submissions filed in Drumm's US bankruptcy case --- Drumm blamed markets for Anglo problems --- Bank seeks to seize Sean Dunne's former home --- Rise in number of bankrupt Nama debtors
(DBN)

Spanish court issues search warrant for missing Gowex auditor --- Spain looks for way to keep motorway firms' debt off its books
(DBN)

Portugal prosecutors probe Espirito Santo group
(DBN)

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Canada:

Ontario judge OKs up to $122.66 million for creditors of Nortel's EMEA unit
(DBN)

MMA railway buyer had train derailment in '09, similar to Lac-Megantic causes
(DBN)

Wedding shop closes doors on brides and grooms-to-be
(DBN)

Ontario's law society revokes Garth Drabinsky's license
(DBN)

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Ukraine:

IMF sees Ukraine's economy falling by 6.5 pct in 2014 --- IMF Says Ukraine Qualifies for Second Tranche of Loan --- Russia warns of grave financial consequences over 'evil' US sanctions --- Third Wave of Sanctions Slams Russian Stocks --- Ailing Russian loan market hit by fresh US sanctions --- BP Shares Sink --- Malaysian Passenger Jet Crashes in Ukraine, Officials Say --- Putin: US Sanctions Unprofessional
(DBN)

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Iceland:

The darker side of Iceland's showcase recovery
(DBN)

Don't Be Fooled By Iceland's Recovery
(DBN)

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Russia:

UK court serves $2.0 bln asset freeze order on Russian tycoon --- Russian Stocks Tumble
(DBN)

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