July 21, 2014

The Daily Bankruptcy News

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Law:

Is Bingham Experiencing The Urge To Merge? --- Bingham McCutchen: Will it merge, will that work?
(DBN)

Biglaw Firm’s New Timekeeping Policy May Screw Associates Out Of Bonuses
(DBN)

Dickensian Time-Keeping at Fulbright & Jaworski Makes Good Business Sense
(DBN)

Business of Law
(DBN)

What Exactly Is a Corporate Monitor
(DBN)

Flashback: New York’s Top 50 Law Firms, Circa 1991
(DBN)

And an Associate Shall Lead Them . . .
(DBN)

Continued Decline In LSAT Administrations Is Good News For Aspiring Lawyers
(DBN)

Professional Catastrophe: You will probably get through it, but ...
(DBN)

Client Matters are Not Law Firm Property in New York and Other Updates in Unfinished Business Cases
(DBN)

Tips for the Well-Dressed (Male) Lawyer
(DBN)

The life of a freelancing lawyer
(DBN)

A Riveting Story Of Extortion And $10,000 Bottles Of Wine
(DBN)

FSU law professor dies in shooting --- In Tribute to Dan Markel
(DBN)

NYPD Officer Stripped Of Gun And Badge After Death During Aggressive Arrest
(DBN)

The Body Of Legendary Radio Host Casey Kasem Has Gone Missing
(DBN)

NSA Spying: Less Damage Done Than Thought
(DBN)

Charges to be dropped for Arizona mother who left children in hot car
(DBN)

Jury Says RJ Reynolds Has To Pay $23 Billion To Widow Of Longtime Smoker
(DBN)

Unruly monkeys steal stuff, terrorize people and even kill
(DBN)

Police Kill 5 Year Old Girl in Shootout with Abductor
(DBN)

What triggered the child-immigration crisis
(DBN)

?Dress Thief Caught After Posting Stolen Dress Selfies on Facebook
(DBN)

Lawyers may look at what jurors post online, but only if it’s available to the public
(DBN)

Prosecutor had affair with, impregnated defendant in drug case, court records allege
(DBN)

Question of Negligence Could Limit Flight 17 Compensation Claims
(DBN)

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Judges:

New U.S. Bankruptcy Judge John T. Gregg follows in his father's footsteps
(DBN)

Chief Bankruptcy Judge Designated in DE
(DBN)

Detroit Bankruptcy Judge Set to Rock ABI Conference
(DBN)

Pressure Builds on Ginsburg To Step Aside
(DBN)

Clinton Docs’ Highlights: Bin Laden, Sotomayor
(DBN)

Should judge follow his own advice to 'STFU' Column?
(DBN)

SCOTUS A Friend to Business? Maybe not
(DBN)

Man wearing T-shirt with judge’s picture and ethics reference is asked to leave courthouse
(DBN)

Judge tells teen he needed a dad to ‘beat the hell out of you’ (see the video)
(DBN)

Appeals judge pleads ‘Let me go’ at DWI stop
(DBN)

The Unremarkable Rise of Gay Judges
(DBN)

______________

Wall Street:

US Stock -Index Futures Fall Amid Condemnation of Putin
(DBN)

World stocks weak as pressure on Russia grows
(DBN)

Wall St rebounds from selloff; indexes up for the week
(DBN)

What crisis? US stocks soar
(DBN)

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Layoffs:

House Democrats Seek to Protect Workers in Municipal Bankruptcy
(DBN)

8 Secrets To Writing The Perfect Resume
(DBN)

Sotheby's to cut jobs to cut costs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

Private jet sales take off after being grounded by recession
(DBN)

United Frequent Fliers Take One More Blow
(DBN)

Can Malaysia Airlines survive latest tragedy? --- Malaysia Airlines faces bankruptcy as superstitious tourists cancel flights --- Malaysia Airlines may be taken over by government or enter bankruptcy --- Malaysian Air Said to Present Turnaround Plan This Week --- Malaysia, the World’s Unluckiest Airline, Will Now Struggle to Survive
(DBN)

Malaysia Airline Retires MH17 Flight Number --- Malaysia Airlines Management Needs Overhaul --- State support for Malaysian Airlines grows more urgent after black swan event
(DBN)

The Big Money Surprise About MH17
(DBN)

____________

Electricity:

Energy Future prepares to scrap bankruptcy plan --- Says It May Have to Scrap Bankruptcy Deal --- Energy Future Bankruptcy Plan in Jeopardy as Lenders Balk --- Restructuring plan on the ropes, EFH warns judge
(DBN)

NextEra ups ante on Oncor takeover
(DBN)

____________

Autos:

Lawyer: GM will use bankruptcy shield in recalled-vehicle cases --- Bipartisan Demands That GM Drop Civil Immunity Claim in Bankruptcy Court
(DBN)

CEO Mary Barra defends GM's top lawyer, blames fired employees
(DBN)

Barra Is Protecting GM Chief Counsel Millikin -- But Should She Be?
(DBN)

General Motors Resists Expanding Victims' Fund
(DBN)

GM Admits to More Problems with Ignitions
(DBN)

Subprime woes are back: This time in used cars
(DBN)

A bubble in deceptive, abusive subprime auto lending?
(DBN)

____________

Tax:

Swiss Banks Use Carrot and Stick in Addressing Hidden Accounts
(DBN)

Tea party groups' suit against IRS moves forward
(DBN)

IRS Gives Account of Missing Lerner Emails
(DBN)

If Corporations Can Change Citizenship to Lower Taxes, Why Can't I?
(DBN)

____________

Metals:

Bankruptcy Judge Clears Sale of Ormet Plant to Niagara Worldwide
(DBN)

Ormet loses another $4 million in June, nears $150 million in total losses
(DBN)

____________

Food/Beverage:

Marcus Lemonis Has a Sweet Tooth for a Bankrupt Crumbs Bake Shop
(DBN)

Something sweeter than $6.5M needed to ice Crumbs’ top bid
(DBN)

Crumbs Receives Approval of First Day Motions and Outlines Bid Procedures in 363 Sale
(DBN)

Empty grocery store shelves continue to frustrate small town residents in Colorado
(DBN)

Could Franchisees be Toasted by Quiznos Bankruptcy?
(DBN)

____________

Oil/Gas:

Buccaneer questions - Bankruptcy court seeking information about organizational structure of company
(DBN)

1 abandoned well has state struggling for remedy
(DBN)

____________

Furniture:

Judge OKs Furniture Brands liquidation plan
(DBN)

___________

Resorts:

Miss. resort settles consumer protection bankruptcy complaint
(DBN)

____________

Opera:

The Future of Opera
(DBN)

____________

Economy:

Fourteen states are already beating the best Fed estimates for 2016 U.S. unemployment --- Unemployment rates fell in 22 US states in June
(DBN)

Increasing Numbers Of Business Economists Confirm Wage Growth Is Happening
(DBN)

The Dollar's 70 Year Dominance Coming to an End
(DBN)

Income Inequality Is Not Rising Globally. It's Falling
(DBN)

Krugman: Debt Shall Have No Dominion --- Always Inflation Somewhere
(DBN)

The Fed's Tapering Has Now Evolved Into Tightening
(DBN)

The American Dream Is A Myth In These Parts Of America
(DBN)

Recovery Watch: Utilization's Weaker Reality
(DBN)

40 Hour Workweek is Dead
(DBN)

Billionaire Carlos Slim Calls For Three-Day Work Week To Improve Quality Of Life
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Delaware Bankruptcy Court Faces Circuit Split Concerning Scope of a Landlord’s Claim Against a Tenant in Bankruptcy
(DBN)

Walking Dead? Beware the Zombie Foreclosure
(DBN)

Lease Abatement: The Act of Eliminating or Nullifying
(DBN)

Jury awards homeowner $16 million in mortgage case
(DBN)

Hearing complete, judge delays ruling in Channelside case
(DBN)

Settlement in the works for downtown Tampa's Channelside
(DBN)

Mansions You Can Own for Under $1 Million
(DBN)

___________

Municipalities:

Trading gavel for guitar, Detroit bankruptcy judge Rhodes doesn't miss a beat --- Bankruptcy Judge is Hipper Than You Think
(DBN)

Detroit’s Bankruptcy Losers Vote on City’s Plans --- Voting Results On Pension Cuts By City Employees And Retirees Expected Today
(DBN)

Creditor again asks judge to delay Detroit bankruptcy trial
(DBN)

Motor City Revival: See Detroit's Stunning Evolution in 19 GIFs --- Time takes powerful look at Detroit a year after bankruptcy with Google Street images
(DBN)

Detroit: A city in distress struggles for rejuvenation
(DBN)

How Detroit Is Faring on Jobs, Crime, Housing
(DBN)

Water cutoffs spur protest in Detroit --- 5000 residents march in Detroit chanting 'turn on water' --- The terrible choices Detroit confronts as it cuts off water to its own residents --- Detroit Water Crisis: The Dangers of Putting Profits Before People --- Life without water makes for some difficult choices for Detroit residents --- Is there a better way on water for poor? --- Detroit faces heat over water shutoffs
(DBN)

Macomb County sewer repair charges now an issue in Detroit bankruptcy
(DBN)

By the Numbers: Detroit Pensioners [INFOGRAPHIC]
(DBN)

Detroit pensioners feel abandoned in bankruptcy - Not everyone is impressed
(DBN)

Armed citizenry helped cut crime in Detroit, police chief says; recent shooting goes awry
(DBN)

Detroit seeing upgrades ahead of bankruptcy trial
(DBN)

Authorities identify mummified remains of woman in Detroit suburb
(DBN)

Atlantic City doomed by glut of casinos in region --- Things Atlantic City is doing to reverse slide --- City Adrift as Casinos That Revived Resort in ’70s Die --- Atlantic City Will Soon Disappear Alongside Its Casino Economy
(DBN)

AC’s pain felt far from casinos
(DBN)

Workers seek to keep Atlantic City casinos open
(DBN)

A history of casino revenue, jobs in Atlantic City
(DBN)

'Everything that dies comes back': an ode to Atlantic City
(DBN)

PA: Gov. Corbett sounds the alarm on pensions
(DBN)

Puerto Rico Bond Restructuring Remains Likely
(DBN)

Puerto Rico faces substantive choices after muni market meltdown
(DBN)

Jefferson County's '$14 billion' bankruptcy is larger than Detroit's, Sheila Tyson tells national press
(DBN)

Fitch: In the Wake of Bankruptcies, State Intervention for Local Fiscal Stress Still Varies
(DBN)

Ranking States by Job Creation
(DBN)

____________

Fraud:

Appeals Court Denies SEC Bid to Pay Investors in Stanford Scheme
(DBN)

Stanford Losses Not Covered by SIPC, Appeals Court Rules
(DBN)

Madoff Bankruptcy Decision Offers Protection for Foreign Investors
(DBN)

____________

Healthcare:

Report Says Massena Hospital Could Go Bankrupt
(DBN)

CSEA calls Massena Memorial Hospital report ‘nothing more than a public relations sales pitch’
(DBN)

Taxpayers should be disgusted with Natchez sale --- Details of Natchez hospital sale revealed
(DBN)

Surgical Hospital of Phoenix bought out of bankruptcy
(DBN)

Oklahoma City retirement home files for bankruptcy relief after $15.1 million judgment
(DBN)

____________

Tax:

Walgreens plans move to Switzerland to escape U.S. taxes
(DBN)

____________

Consumer Finance:

Subprime Loans Are Booming Again, This Time In Cars
(DBN)

____________

Agriculture:

Former West Texas Guar shareholder sues company, unpaid farmers --- WTG hearings pit farmers, NY hedge fund
(DBN)

____________

Student Debt:

Should You Pay Off Student Loans Or Invest More?
(DBN)

Rubio Introduces Bipartisan Student Loan Bill
(DBN)

Bipartisan Plan To Screw Poor Student Borrowers Is Actually Kind Of Good
(DBN)

The Real Crisis with U.S. Student Debt No One Is Talking About
(DBN)

____________

Paper:

Verso debt exchange doubt jeopardizes NewPage merger
(DBN)

____________

Mass Torts:

Fraud and Abuse in Mesothelioma Litigation
(DBN)

Warren Buffet Companies Take Over Even More of the US Asbestos Risk – New Deal Takes on Liberty Mutual Asbestos Risk
(DBN)

Personal bankruptcy claims against Freedom trickle in
(DBN)

$2.9M settlement proposed for chemical spill cases --- Proposed settlement would use $2.9 million in insurance money
(DBN)

Proposed leak settlement could fund health studies, water testing
(DBN)

____________

Gambling:

As Atlantic City struggles, lawmakers eye North Jersey casinos
(DBN)

____________

Corporate Reform:

CFPB: Let Consumers Make Their Complaints Public; All Rejoice
(DBN)

In This One Way, At Least, the Lions of Wall Street Have Been Tamed
(DBN)

House Republicans Take Aim at Dodd-Frank
(DBN)

____________

Batteries:

Exide's future still up in the air
(DBN)

____________

Shipping:

Overseas Shipholding nets court confirmation of reorganization plan; history, analysis
(DBN)

Kramer Levin Pilots Genco “Pre-Pack”
(DBN)

____________

Festivals:

Fun run's cancellation in US angers participants
(DBN)

____________

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 (21 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (6 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:

Pittsburgh region sees fewer personal bankruptcies
(DBN)

HI: Bankruptcies decline in most isle counties
(DBN)

Insolvency World Cup 2014: Who Will Score Fewer Insolvencies?
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

Week Ahead
(DBN)

Highlights From 2014 (and Beyond)
(DBN)

____________

Bankruptcy Rules:

Meeting of the Judicial Conference Committee on Rules of Practice and Procedure
(DBN)

____________

Avoidance Actions:

The Uniform Voidable Transactions Act - What's With The Name Change?
(DBN)

____________

Discharge:

Fourth Circuit Invalidates Third-Party Release Provision in Chapter 11 Plan
(DBN)

____________

Finance:

Make-Whole Provisions Continue to Cause Controversy: What You Can Do to Avoid Litigation
(DBN)

____________

Retailing:

Another Retailer Falls Victim to Consumer Retrenchment
(DBN)

Dots lives on: New owner reopens some locations
(DBN)

____________

Education:

Corinthian Colleges to be monitored by ex-U.S. Attorney Fitzgerald
(DBN)

Wisconsin International School owes more than $500K
(DBN)

____________

Celebs:

Sonja Morgan Sells $5.7M French Estate To Help Pay Debt
(DBN)

Burt Reynolds Ordered to Pay Ex Loni Anderson $154K
(DBN)

U.S. Bankruptcy Judge Finds Joe Francis in Contempt
(DBN)

RHONJ Teresa Giudice Spending $700K For Joe Giudice And Her Legal Fees Before Jail Sentence
(DBN)

____________

Construction:

MI: Lamar in Chapter 7 bankruptcy
(DBN)

___________

Bankruptcy Crimes:

Dallas woman who filed for bankruptcy six times in four years given federal prison time
(DBN)

____________

Sovereigns:

Argentina nears cliff in risky debt game
(DBN)

Holdouts: all eyes turn toward Griesa's court
(DBN)

Holdouts' law firm on lookout for merger
(DBN)

Italian holdouts say solution 'in the hands of Argentina '
(DBN)

Holdout says Argentina bent on default
(DBN)

Countdown to Argentine default: 11 days to go
(DBN)

Argentine Bonds Rise on Speculation Court May Grant Ruling Delay
(DBN)

Third Point Renews Argentina Bet Seeing Exit from Malaise
(DBN)

Argentina Countdown to July 30 Deadline: Default or Boom
(DBN)

Ten hectic days await Argentina, and a possible second default in 12 years
(DBN)

In snub to U.S., Argentina turns to China ahead of default
(DBN)

____________

UK:

Serious Fraud Office set to launch criminal probe into forex rigging
(DBN)

Banks: More Corrupt Than Ever
(DBN)

Zombie alert: SMEs face financial difficulty as they invest too quickly
(DBN)

____________

EU:

The EU's Economic Engine Continues To Slow
(DBN)

Should We Worry About Possible Bank Runs in Europe?
(DBN)

____________

PIIGS:

ie: Warnings that insolvency laws could contain “an extra layer of bank veto” --- Insolvency service needs to step in where banks refuse to tread --- Former minister faces prospect of bankruptcy over €2.4m bank debt --- How many Nama debtors have gone bankrupt so far?
(DBN)

Espirito Santo International files for creditor protection --- Banco Espírito Santo Reassures Retail Clients over Parent's Debt --- Espirito Santo woes spill over to Angolan banking unit
(DBN)

Spain gets more time to keep motorway debt off books --- Spanish motorway creditors call off liquidation meeting --- Auditor of collapsed Spanish company Gowex freed on bail
(DBN)

____________

Canada:

Stelco retirees get a little good news on pensions
(DBN)

Church developer has history of bankruptcies and receiverships
(DBN)

‘A horrible, ugly, stressful process’: The five-year legacy of Canada’s auto bailout
(DBN)

Consumers Spur Growth in Canadian Economy
(DBN)

___________

MENA:

Dubai Stocks Crash
(DBN)

Gaza Battles Take Heavy Death Toll --- What Drove Hamas to Take on Israel? --- Understanding What Hamas Wants
(DBN)

Gaza: UN, Obama Call for Immediate Ceasefire
(DBN)

____________

Ukraine:

John Kerry: 'Drunken' Separatists Are Piling MH17 Bodies In Ukraine --- Graveyard of desecration --- Mountain Of Evidence Linking Russia To The Downing Of The Malaysia Airliner --- 'Russia Risks Becoming A Pariah State' --- Kerry Lays Out U.S. Case on Malaysia Airlines Shootdown --- Malaysia Flight MH17 May Have Been Escorted By Ukrainian Su-27 Fighter Jets --- Pro-Russian Rebels Say They Have The Black Boxes From Downed MH17 --- World Leaders Are Furious With Russia Over MH17 Crash --- Looters Stole Cash, Credit Cards, And Jewelry From Flight MH17 Crash Victims --- Dutch banks act on MH17 credit card looting reports --- Rebel leader gives bizarre account of plane crash --- Russian government edits Wikipedia on flight MH17 --- Bodies rained down on Ukraine village after plane disaster --- United Nations Demands Crash Probe --- European Anger Grows Over Crash --- Investigators face tough task in Ukraine plane inquiry
(DBN)

Deutsche Bank: Here's The Worst-Case Scenario For The Russia-Ukraine Conflict
(DBN)

____________

Australia:

Tough times in building trades won't end soon, experts say
(DBN)

Former solar giant Suntech rises from the ashes
(DBN)

The Financial System Inquiry calls for views on the reform of Australia’s external administration systems
(DBN)

____________

Bulgaria:

Oman fund mulling Bulgarian bank rescue
(DBN)

Bulgaria turns to ECB to stave off banking crisis
(DBN)

____________

Austria:

Austria to face down World Bank over burning bondholders
(DBN)

____________

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