July 25, 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:

Bad News for Big Law Firms: Corporate Clients Do More Work In-House
(DBN)

Reinventing The Law Business: Low Overhead Is Great!
(DBN)

Business of Law
(DBN)

Minority GCs Want More Diversity From Outside Counsel
(DBN)

The Art of Billing: When It Comes to Fees, Firms Keep Options Open
(DBN)

There’s No Way This 0L Kid Will Regret This Website
(DBN)

DOJ Says They Can No Longer Afford To Respect The Attorney Client Privilege
(DBN)

Spencer Barasch Poised to Leave Andrews Kurth
(DBN)

Must-Know Secrets To A Great Business Card
(DBN)

Time Runs Out, in Hourly Matters, for 'Unfinished Business'
(DBN)

Bankrupt Company Sues Two Firms for Malpractice
(DBN)

MOOCs: The Final Nail in Legal Education's Coffin?
(DBN)

This Website Will Help You Avoid Hotels With Awful WiFi
(DBN)

Today’s Tech: A Litigation Attorney And His Smartwatch
(DBN)

If You've Ever Wanted To Erase Your Texts From Someone Else's Phone, Then You Should Try Wiper
(DBN)

Mandatory Law Firm Retirement, Succession Planning, And You
(DBN)

Clifford Chance scraps leadership elections in radical partnership overhaul
(DBN)

Consolidation Options For Law School Grads
(DBN)

Traits Of Highly Promotable Employees
(DBN)

New Book: Kate's Escape from the Billable Hour
(DBN)

Where Child Migrant Surge Could Hit Home --- Tea Party town hall erupts as Texas state Rep urges ‘compassion’ for migrant kids
(DBN)

Road-raging man run over by his own truck after drunken crash
(DBN)

Sterling Accuses Wife, NBA of Fraud in Clippers Sale
(DBN)

Man guns down teen girl after she asks him to stop riding lawnmower in her yard
(DBN)

Firm fired after calling clients stupid
(DBN)

Grim Details Emerge in FSU Professor's Shooting Death --- Dan Markel murdered with shot to head as police release photo of Toyota Prius seen nearby
(DBN)

Lawyer gets 30 years for abusing his wife
(DBN)

Fixing iOS Wi-Fi Woes
(DBN)

Attorney catches his first alligator, says head on law-office desk is ‘great conversation piece’
(DBN)

Pro se defendant held in contempt, gets 180 days, for refusing to approach bench at trial
(DBN)

There is a real billboard advertising the services of Saul Goodman’s junior lawyer self — and the phone number works
(DBN)

Police Baffled By Dolls Left On Porches In California
(DBN)

A Gunman Who Opened Fire At A Hospital Was Apparently Stopped By A Doctor Who Fired Back
(DBN)

San Francisco Professor Allegedly Filmed Students in Bathroom
(DBN)

Police: California Man Fatally Shoots Allegedly Pregnant Home Invader
(DBN)

Obama Sends Team to Texas Border to Assess
(DBN)

Death Row Prisoner Gasped For Air 660 Times Like 'A Fish On Shore' During Botched Execution --- Execution takes nearly two hours; PD filed emergency motion after first hour --- Let’s Make Death Row Inmates Drink Bleach --- Is The Death Penalty Worth It? --- AZ. Execution: Transcript Show Concerns --- John McCain: That Executi0n was Torture --- AZ: Officials Say Execution was Not Botched
(DBN)

Naked thieves rob Florida burger joint
(DBN)

______________

Judges:

Public Granted Access to Misrepresentation Evidence in Bankruptcy Case --- Asbestos Ruling Boosts Transparency—and Threatens Plaintiffs' Attorneys
(DBN)

Judge tells actor Alec Baldwin ‘be a good boy from now on’ as wrong-way bike-riding case fizzles out
(DBN)

Former judge identified as slain man found at Texas law firm --- Victim found in law office died of 'blunt force traumatic injuries, assailant and victim claimed law office was their residence
(DBN)

Federal Judge Gets Scammed By Notorious Serial Litigant
(DBN)

Attorney Sues Judge Who Locks Court Doors
(DBN)

Sixth Circuit: Michigan Judge Who Had Affair With Wife Of Man In Child Custody Case Before Him Is Entitled To Judicial Immunity From Lawsuit
(DBN)

Bankruptcy Court Moving to Save Money
(DBN)

______________

Wall Street:

US futures edge lower on Fed speculation
(DBN)

Wall St. finishes flat on mixed earnings; S&P at record
(DBN)

30 Stocks Traders Are Shorting Like Crazy
(DBN)

Lazard Climbs as Record Revenue Boosts
(DBN)

______________

Layoffs:

Jobless Claims Unexpectedly Drop to 2006 Levels
(DBN)

The long-term unemployed might finally be getting jobs
(DBN)

The Army Is Issuing Pink Slips To Dozens Of Officers Deployed To Afghanistan
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Mass Torts:

U.S. judge strikes sealing order over Garlock asbestos liability --- Judge sides with Legal Newsline, overturns sealing of fraud evidence against asbestos attorneys --- Garlock Ruling Is Out – The Trial Is Unsealed, and More
(DBN)

Fight rages over punitive damages in N.Y. asbestos cases; Defendants claim ‘chaos’
(DBN)

____________

Horse Racing:

Yavapai Downs for sale, but owner holds out hope
(DBN)

____________

Electricity:

EFH officially dumps restructuring plan
(DBN)

Energy Future seeks longer bankruptcy as it scraps plan
(DBN)

Energy Future Invites Bids for Oncor Unit as Plan Dropped
(DBN)

____________

Publishing:

Sandton, creditors reach settlement in FLS sale
(DBN)

____________

Gambling:

Showboat Casino Workers To Protest Planned Closing
(DBN)

Caesars Wins Illinois Officials’ Support for Refinancing
(DBN)

____________

Opera:

Crisis engulfs New York’s Met, world’s richest opera company, concerned about bankruptcy
(DBN)

____________

Currency:

Mt.Gox Trustee leaves door open for Bitcoin exchange revival
(DBN)

____________

Economy:

US jobless claims lowest since early 2006; new home sales tumble --- Why Everyone's Trashing Awesome Jobless Claims Report
(DBN)

IMF Cuts 2014 Global Forecast After Slowdowns in China, U.S.
(DBN)

Caterpillar: Here's What The Global Economy Looks Like To Us Right Now
(DBN)

Kansas City Fed: Regional Manufacturing "Activity Edged Higher" in July
(DBN)

US Manufacturing Job Creation Slows To Lowest Pace Since September
(DBN)

The Lingering, Hidden Costs of the Bank Bailout
(DBN)

Paul Ryan's Plan To Defeat Poverty --- What Exactly is Paul Ryan's Poverty Plan? --- 3 ideas from Paul Ryan’s poverty plan that liberals can love
(DBN)

Walmart's US CEO Puts Himself Out To Pasture --- The Sudden Departure Of Wal-Mart's U.S. CEO Is A Troubling Sign For The Economy
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

New home sales fall 8.1% in June --- Biggest Drop in Nearly a Year --- Comments on the New Home Sales report
(DBN)

These two charts explain why it’s unusually tough right now to find a newly built home
(DBN)

Housing Collapse Debt Still Stifles Economy
(DBN)

Lawler: Various Builder Results: Horton Home Orders, Market Share Jumps on Increased Sales Incentives; Orders “Lackluster” at Other Builders
(DBN)

NMHC Survey: Apartment Market Conditions Tighter in Q2 2014
(DBN)

Standards are Tighter, Sure. But is It Really That Hard to Get A Mortgage?
(DBN)

Chicago: Sale of Arlington Heights condos ends bankruptcy battle
(DBN)

Man Comes Home From Vacation, Finds Locks On House Changed, Strange Family
(DBN)

San Francisco's Tech Boom Has Pushed Up Office Rents 81% in Four Years
(DBN)

It's Cheaper To Live In A Movie Theater Than Rent An Apartment In London Or New York
(DBN)

___________

Municipalities:

Whether Detroit can pay bills after bankruptcy still relatively unknown
(DBN)

Canadian protesters to deliver water to Detroit --- National, international groups pour into Detroit to bring halt to water service shutoffs
(DBN)

Can Detroit pay its bills after bankruptcy?
(DBN)

Maine: One Octomom Away from Bankruptcy
(DBN)

Moody's: Atlantic City a risky bet
(DBN)

High Yield Muni Bonds Versus Iraq
(DBN)

____________

Aviation:

American Air sets first dividend since 1980 as profit rises
(DBN)

Q2 Results Shatter Airline Earnings Records
(DBN)

Will Malaysia Airlines Go Out Of Business?
(DBN)

Malaysian Airline Needs State Rescue as Cash Falls: Asean Credit
(DBN)

____________

Autos:

GM Sets Aside at Least $400 Million to Pay Recall Victims
(DBN)

GM details lawsuits, investigations in new filing
(DBN)

GM's Profit, Hit by Recalls, Tumbles 80%
(DBN)

GM seeks broader immunity from suits over flaws in older cars
(DBN)

It's Shocking That GM Is Only Now Making Safety Its Top Priority
(DBN)

GM recalls far from calamity for some dealers who find new customers, business
(DBN)

GM: 45 state AGs investigating ignition recalls
(DBN)

____________

Telecoms:

Nortel U.S. Unit Agrees to $1 Billion in Bond Interest
(DBN)

____________

Food/Beverage:

Crumbs Wins Approval to Hold August Bankruptcy Auction
(DBN)

The 14 Hottest Restaurants In New York State
(DBN)

Fresh World One posts PACA cash surety agreement
(DBN)

RTXB to Focus on Cannabis-Based Beverage Lines
(DBN)

____________

Fraud:

Madoff Five Face Sentencing as U.S. Calls Denials Galling
(DBN)

Bizarre Madoff motion appears to be a forgery; judge denies request
(DBN)

Adelphia Recovery Trust Announces That It Is Seeking Court Approval To Extend The Term Of The Trust
(DBN)

Guilty Plea in $5.8 Million Ponzi Scam
(DBN)

U.S. judge declines to void ex-Sentinel CEO's fraud conviction
(DBN)

____________

Celebs:

Divorce Filings Reveal Liberal Icon Michael Moore Has 9 Properties, Millions Of Dollars, And Is Far From An 'Everyman'
(DBN)

____________

Bankruptcy Crimes:

Former attorney gets 5 years in federal prison for lying in bankruptcy court
(DBN)

____________

Television:

Houston Regional Sports quietly seeking buyers
(DBN)

____________

Transit:

Officials Crack Down On 'Jersey Jitneys' That Clog Midtown Manhattan
(DBN)

____________

Auto Racing:

Cleveland Speedway Sold at Auction
(DBN)

____________

Construction:

Truland Group starts bankruptcy process with affiliates
(DBN)

____________

Weather:

Western Drought Far Worse Than Thought
(DBN)

____________

Student Debt:

Let Students Discharge College Debts In Bankruptcy? Yes, But...
(DBN)

____________

New Bankruptcy Opinions
(7 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 (18 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:

2013 Report Shows Fewer Debtor Assets, More Repeat Bankruptcy Filers
(DBN)

NM bankruptcy filings still going down
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Bankruptcy Rules:

Amendments to SD NY Local Rules
(DBN)

____________

Ipso Facto:

Termination-on-Bankruptcy Provisions: Some Proposed Language
(DBN)

____________

Successor Liability:

Limitations on Corporation's Ability to Free Itself from Legacy Liabilities
(DBN)

____________

Insurance:

What D&O Coverage Doesn’t Always Cover
(DBN)

____________

Shipping:

Genco : Dry Bulk Shipping Valuations No Longer Anchored to Discounted Cash Flow Method
(DBN)

____________

Coal:

Coal Company Pain Accelerates as Bankruptcy Cases Rise
(DBN)

___________

Hedge Funds:

The Beginning Of A Revolt Against Hedge Funds?
(DBN)

____________

Retailing:

Silver Jeans Stores Files Chapter 11, Plans Retail Liquidation
(DBN)

Amazon Stock Falls on Big Loss
(DBN)

____________

Financial Literacy:

29 Money Lessons Every High School Graduate Should Know
(DBN)

____________

Corporate Reform:

The Shortcomings of Dodd-Frank
(DBN)

____________

Healthcare:

Audit Finds That It Is Really Easy To Defraud The Obamacare Subsidies Application
(DBN)

The drug that’s forcing America’s most important – and uncomfortable – health-care debate
(DBN)

We are one step closer to a new generation of cheaper drugs

____________

Tax:

Backup Tapes Scrutinized As Hunt for Missing IRS Emails Resumes
(DBN)

Irish, Dutch, UK law firms in tax inversion beauty contest in US
(DBN)

Obama Is Going After The Loophole That Sends American Companies To Cheap Tax Countries --- How to Stop Corporate Inversions
(DBN)

____________

Sovereigns:

Argentina's debt saga
(DBN)

Argentina Very Close to Default
(DBN)

Argentine debt mediator says time running short for deal
(DBN)

Cost of Argentine default substantial: IMF
(DBN)

Argentina to choose default next week: NML Spokesperson
(DBN)

Argentine Dollar Bonds Rally on Speculation Ruling to Be Delayed
(DBN)

Holdouts not asking to suspend Argentine debt order
(DBN)

Argentina Default Bets Surge as Singer Settlement Deadline Looms
(DBN)

Day of the Vulture Over Argentina
(DBN)

"The muddled case of Argentine bonds", as seen by New York Times
(DBN)

Argentina insists on Griesa for some insurance against the RUFO clause
(DBN)

Clintonians flock with vultures
(DBN)

Cry for holdouts could force a deal that hurts markets
(DBN)

Trillion-dollar boo-boo
(DBN)

____________

UK:

200 strangers stop bailiffs from evicting cancer patient from his home
(DBN)

Car parts supplier Unipart Automotive goes into administration
(DBN)

____________

PIIGS:

Banco Espirito Santo Patriarch & Former CEO Arrested in Portugal --- Ex-BES chief Salgado named as suspect in money-laundering probe
(DBN)

Espirito Santo Financial Group seeks creditor protection
(DBN)

BES's largest shareholder seeks controlled management in Portugal
(DBN)

Spain unemployment falls to lowest in two years
(DBN)

____________

Canada:

Nortel, bondholders reach settlement on key dispute
(DBN)

____________

MENA:

US and Europe lift bans on flights to Tel Aviv --- Gaza Death Toll Crosses 800
(DBN)

ISIS Uses These Parts In Quran To Justify Anti-Christian Violence --- ISIS Levels Tomb of Jonah; Biblical Sites No Longer Safe
(DBN)

____________

Ukraine:

Why Putin Is Not Panicking --- Ukraine's Richest Man Is Having A Lucrative War
(DBN)

____________

Iceland:

Chinese investors in talks to buy stake in failed Icelandic bank
(DBN)

___________

Austria:

Hypo haircut law passes in Austrian upper house
(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