July 9, 2014

The Daily Bankruptcy News

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Law:

Firm Sues Former Partner Over $1.4 Million Trustee Fee Earned in Dreier Bankruptcy
(DBN)

Snapshot: Jim Nugent
(DBN)

Linklaters Outpaces Freshfields as Both Law Firms’ Revenues Rise --- Magic numbers
(DBN)

How Do Squire Sanders Partners REALLY Feel About The Merger With Patton Boggs?
(DBN)

The Story Behind the Squire Sanders-Patton Boggs Tie-Up
(DBN)

Leak: FBI Targets Muslim American Lawyers
(DBN)

Preserving Privilege When In-House Counsel Wear Multiple Hats
(DBN)

Inside a Law School's In-house Training Program
(DBN)

Ex-client says law firm filed suit in wrong state, causing loss of $161M case
(DBN)

Signs You're Seriously Overworked
(DBN)

7 Psychology Tricks To Influence People And Get Exactly What You Want
(DBN)

Blondes Make More Money
(DBN)

This Law School Is Looking For The Dumbest Possible Students
(DBN)

Law Firm Files Defamation Lawsuit Over Ex-Client's Yelp Review
(DBN)

'The Sheriff Of Wall Street' Has Finally Lost A Case
(DBN)

$47M cupcake operation that rose from lawyer’s mom-and-pop shop has crumbled
(DBN)

In Six Months, Microsoft Will Pull The Plug On Windows 7 Support
(DBN)

10 Hot New Apps You May Have Missed
(DBN)

Who Uses iPhone Cases And Why
(DBN)

Beyond Biglaw: Expensive Savings
(DBN)

LawProse: who(so)ever, whom(so)ever; *whoso(ever), *whomso(ever)
(DBN)

A Super-Salacious Lawsuit, Settled
(DBN)

Who Is New York’s Hottest Attorney?
(DBN)

White House Asks Congress for $3.7 Billion for Border Crisis --- Obama Balances Politics With Border Crisis
(DBN)

The Nonsense $10 Million Sleeping Yankee Lawsuit
(DBN)

What It's Like To Clean Up Crime Scenes For A Living
(DBN)

"Jerry": Ancient US Presidential Sex Scandal Revealed
(DBN)

Man impersonates cop while on test drive from dealership
(DBN)

Two public defenders fired over ‘hate speech’ in Facebook comments
(DBN)

Ohio lawyer is convicted of rape; defense sees ‘a miscarriage of justice in every way’
(DBN)

Teens Rescue Man Who Tried to Wrestle Gator That "Ate His Dog"
(DBN)

Aaron Hernandez moving to Boston jail Wednesday
(DBN)

Rampaging cow tosses officer, charges cop car
(DBN)

City of Houston Sues Couple for Too Many Garage Sales
(DBN)

Neurologist Testifies That Donald Sterling Has Had Alzheimer's For At Least Three Years --- Judge turns down Donald Sterling’s bid to remove case to federal court over medical privacy issue --- Sterling Attacks Everyone in Trial Testimony
(DBN)

Obama Seeks Emergency Funds to Counter Border Surge --- Perry and Obama to Meet Today --- Latin American Horrors Driving Kids North
(DBN)

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Judges:

Dallas: Bankruptcy Judge Seeks Law Clerk
(DBN)

Supreme Court Clerk Hiring Watch: The Official List For OT 2014, Plus More OT 2015 Hires
(DBN)

Justice Beyer: Take That, Alito
(DBN)

Public Defender Quits After Judge in Courtroom Fight Returns to Bench
(DBN)

Top state court OKs judge’s removal from bench for overseeing cases involving friends
(DBN)

Judge Dredd Dread Is coming to town
(DBN)

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Wall Street:

US Stock Futures Are Little Changed Before Fed Minutes
(DBN)

Dow falls more than 100, ends below 17000
(DBN)

Concern Over 'Severe' Pullback Send U.S. Stocks Tumbling
(DBN)

Wall St down sharply as earnings loom
(DBN)

A Cynical Explanation For Why Wall Street Can Recruit So Many Harvard Grads
(DBN)

The 20 Cheapest Stocks In The Market
(DBN)

Market At Risk Of 10-12% Plunge?
(DBN)

Gotham's Batman of Short Sellers Takes Down Spain's Gowex
(DBN)

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Layoffs:

There Are Now Just 2.1 Unemployed Americans Per Job Opening
(DBN)

The 5 Factors Gen Y Look For In A Job
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Lion Capital issues default notice to American Apparel --- Lender Seeks Immediate Loan Payment
(DBN)

American Apparel investor dumps its stake
(DBN)

American Apparel Lender Said to Favor Changing Terms
(DBN)

Wal-Mart Scrambles to Reinvent Itself as Sales Slump
(DBN)

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Food/Beverage:

The Crumbs Cupcake Boom and Bust --- Crumbs Bake Shop is closing all stores. Is the cupcake craze over? --- Two Important Lessons From Crumbled Crumbs Bake Shop --- Crumbs Posted This Bizarre Job Opening The Day Before Closing For Good --- How The Massive Crumbs Cupcake Empire Finally Caved --- 4 Reasons Why Crumbs Bake Shop Massively Failed --- Crumbs Shows Dangers of Focusing on Single Product
(DBN)

D.C. Restaurateur’s Past Includes Drug Conviction
(DBN)

Ralph Brennan unopposed in purchase of Brennan's restaurant name
(DBN)

Bella's: Shelves empty at grocery stores
(DBN)

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Fishing:

Only two of Pescanova’s subsidiaries are not requesting pre-creditors meeting
(DBN)

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Fraud:

Gotham Shines Light in Shadows
(DBN)

Insider-Trading Acquittal Marks a Rare Defeat for Bharara
(DBN)

Stunned, friends rally behind TelexFree cofounder
(DBN)

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Shipping:

Eagle Bulk Shipping Hits 52-Week Low on Heavy Volume
(DBN)

International Shipping Companies Successfully Navigate Chapter 11 With Prenegotiated Plans Of Reorganization
(DBN)

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Tax:

GAO Flags More Problems at the IRS
(DBN)

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Finance:

Congress wants to clobber my company
(DBN)

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Economy:

Job Openings Rise to 7-Year High, but Hiring Notches Scant Gains --- Job Openings Hit Recovery High, A Jolt To Labor Market
(DBN)

Treasuries Advance as Uneven Economy Speculation Sparks Demand
(DBN)

Growth in Credit-Card Balances Slows Sharply in May --- Consumer Credit Balances Expand --- Rise in Credit Card Balance Growth Slows While Auto Loans Jump
(DBN)

Fed's Kocherlakota gives lukewarm welcome to US unemployment drop --- Fed's Lacker: 'Middling' Productivity Gains Will Restrain US Economic Growth --- Kocherlakota downplays recent inflation rise --- No Urgency To Raise Short-Term Rates --- Kocherlakota: It Could Take 4 Years to Get Back to 2% Inflation
(DBN)

Fed Members Send Mixed Messages on Rate Hikes, Labor Markets
(DBN)

Report finds small-business owners remain cautious
(DBN)

Government made $100B in improper payments
(DBN)

Bankers warn over rising US business lending
(DBN)

This Market Measure Has A Perfect Track Record For Predicting US Recessions
(DBN)

Female White House Staffers Got Smaller Raises Than Men
(DBN)

The 13 Most American Companies
(DBN)

Positively un-American Tax Dodgers
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

U.S. Officials Try To Rebuild Momentum In Stalling Mortgage Refinance and Modification Programs
(DBN)

Title Insurance: May Not Solve As Many Problems As You Might Expect
(DBN)

Citigroup Said to Near Settlement of U.S. Mortgage Probe --- $7 Billion: Citigroup Will Reportedly Pay Twice What Analysts Expected To Settle Mortgage Fraud Cases
(DBN)

China Fuels Surge in Foreign Purchases of U.S. Housing
(DBN)

5 States with the Most and Least Foreclosures --- Foreclosure Inventory Is Down 37% From A Year Ago — But The News Isn't All Good

10 States Where Home Values Have Surged Past Their Housing Bubble Peaks
(DBN)
(DBN)

Foothills Mall developer misses key financing deadline
(DBN)

Objection filed against Vinik’s winning Channelside bid --- Liberty Channelside bids $10M to bankruptcy court for control of Channelside Bay Plaza
(DBN)

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Municipalities:

EM Kevyn Orr gives Detroit officials, appointees 5% pay raise
(DBN)

Detroit reaches key labor deal with police union amid bankruptcy
(DBN)

Some European Banks Sell Holdings of Detroit Bonds
(DBN)

Conyers, Detroit Water Brigade vow fight to help those threatened by shut-offs
(DBN)

After Detroit, another city ponders bankruptcy --- Flint --- Could Flint follow Detroit into bankruptcy ?
(DBN)

Puerto Rico Claims Authority to Nonconsensually Restructure Public Corporation Debt
(DBN)

Judge Declines To Rule If Distressed California City Can Cut Pension Obligations
(DBN)

Judge suggests Stockton worker pensions could be reduced in city’s bankruptcy case
(DBN)

Stockton bankruptcy judge says city's collateral not worthless
(DBN)

Stockton will have to repay $4M, could lose properties
(DBN)

Stockton bankruptcy ruling on hold until Oct. 1
(DBN)

More Than 550 Memphis Police Officers Protested Benefits Cuts By Calling In Sick
(DBN)

10 Cities With Booming Job Growth
(DBN)

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Infrastructure:

A Highway Trust Fund party invite? Only in Washington
(DBN)

Senators nearing deal on highway bill --- Congress Moving Quickly on New Highway Bill
(DBN)

10 States with Worst Highway Spending Woes
(DBN)

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Religion:

Vatican bank's profit takes big dip amid reform --- Vatican Bank Gets New Management and Marching Orders From the Pope
(DBN)

Future uncertain for Without Walls church property
(DBN)

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Aviation:

Airlines slide as Air France-KLM warns on profits --- European Carriers Add Capacity, Lose Money. Again
(DBN)

The New Airport Cellphone Rules Wouldn't Stop An iBomb
(DBN)

Is It Worth $100 to Skip Airport Security Lines
(DBN)

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Finance:

S&P warns of ExIm Bank risk for Boeing
(DBN)

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Electricity:

Oncor's credit rating gets a boost from Moody's
(DBN)

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Banking:

J.P. Morgan Ramping Up Efforts to Cut Wasteful Expenses
(DBN)

Ex- JPMorgan trader challenges 'whale' findings
(DBN)

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Education:

Wisconsin International School may file for bankruptcy
(DBN)

Truth, Candor, and Crisis at Yeshiva University
(DBN)

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Currency:

Mt. Gox's Mark Karpeles Is Auctioning Off 'Bitcoins.com,' Hoping For At Least $750,000
(DBN)

Mt. Gox Pays Parent as Liquidation Continues
(DBN)

Creditor’s Outraged Again, Meeting Scheduled with Mt. Gox in Japan
(DBN)

____________

Corporate Reform:

Private equity firms face new scrutiny in age of wiretaps and prosecution
(DBN)

U.S. in sanctions talks with Commerzbank and Deutsche: source --- US moves closer to sanctions settlement with Commerzbank
(DBN)

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Electronics:

What's going on at Samsung? --- Samsung's Smartphone Business Is Suddenly At Risk
(DBN)

Samsung's Q2 Operating Profit Hits 2-Year Low
(DBN)

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Nuclear:

USEC Surges On Bankruptcy News, Common Holders Assumed To Reject Plan
(DBN)

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Financial Literacy:

Chinese teens beat US peers in money smarts
(DBN)

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Gambling:

Caesars Considering Offers for Showboat Casino
(DBN)

Even When You Win At Gambling, You Still Lose
(DBN)

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Autos:

GM, Delphi's CEOs Go Before Senate Panel
(DBN)

Honda Expands Recalls by up to 1 Million Cars
(DBN)

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New Bankruptcy Opinions
(3 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 (12 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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SIPC:

Will Congress keep your investments safe? Maybe. maybe not
(DBN)

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Jurisdiction:

Supreme Court to Review Another Decision Limiting Bankruptcy Court’s Power
(DBN)

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Cross-Border:

Octaviar Revisited - Litigation Claim is Sufficient Basis to Obtain Chapter 15 Recognition of Foreign Proceeding
(DBN)

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Recent Pleadings:

Howrey Trustee Slams Committee Co-Counsel's Fee App: "Dogged pursuit of irrelevant theories brought absolutely no benefits whatsoever to this estate"
(DBN)

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Litigation:

Using Graphics In Trial
(DBN)

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Wi-Fi:

Gowex Bankruptcy Filing Leaves Deals With Cities in Limbo
(DBN)

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Telecoms:

Nortel Networks’ former overseas operations reach settlement over remaining assets --- Settlement reached in smaller part of big Nortel trial
(DBN)

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Healthcare:

Lake Shore hospital wins $6.6 million infusion of operating aid
(DBN)

Riverside Hospital Six Weeks from Closing?
(DBN)

Some Insurance Companies Ask Customers to Cross the Border for Care
(DBN)

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Television:

Crane: Judge won’t allow third delay in CSN Houston bankruptcy reorganization
(DBN)

Even Wile E. Coyote Must Think CSN Houston Is Poorly Conceived
(DBN)

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Personal Finance:

3 Money To-Dos To Prioritize In Every Decade Of Your Life
(DBN)

Here's Why You Should Always Buy Generic Drugs
(DBN)

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Credit Counseling:

Report Says Debt Settlement Companies May Leave Clients Worse Off
(DBN)

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Celebs:

'My Five Wives' star files for bankruptcy : Brady Williams is broke
(DBN)

As Seen on TV company CEO talks bankruptcy, epic comeback
(DBN)

As Ray Nagin's sentencing nears, picture of man in financial ruin
(DBN)

Sonja Morgan Denies Reports That She’s Broke; Explains Bankruptcy !
(DBN)

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Mass Torts:

Insurers suspect fraud in the THAN asbestos bankruptcy trust, call for audit
(DBN)

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Amusement Parks:

Trustees of Conneaut Lake Park explore options to avoid tax sale
(DBN)

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Museums:

Please Touch Museum may be forced to sell assets, exhibits
(DBN)

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Corporate Governance:

Adoption of Fee-Shifting Bylaws by Pennsylvania Corporations
(DBN)

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Politics:

Hillary Clinton Is Finally Figuring Out How To Talk About Wealth
(DBN)

GOP Likes Cleveland More Than Dallas
(DBN)

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Sovereigns:

Argentina to meet again with debt mediator, bonds rise
(DBN)

Kicillof blasts holdouts: "they never negotiated or lent money to Argentina"
(DBN)

The 105-Cent Defaulted Bonds That Keep Soaring
(DBN)

Gov't confirms new meeting with Special Master Pollack on Friday --- Argentina Stock Index Surges to Record on Outlook for Debt Deal --- Argentina, creditors willing to keep talking settlement -mediator
(DBN)

Argentine presidential hopefuls tip-toe around debt negotiations
(DBN)

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UK:

Begbies Traynor Revenue Falls 10% Amid Fewer UK Insolvencies --- Begbies poised to prosper from interest rate rise
(DBN)

U.K. courts emerge as go-to global jurisdiction for distressed companies
(DBN)

Unipart Automotive closes in on rescue deal
(DBN)

The Pre-Pack Review and Trust and Transparency
(DBN)

Support for the rescue of viable insolvent businesses
(DBN)

Global Borrowers Avoid $70 Billion Debt Distress in U.K. Courts
(DBN)

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EU:

Thirst for yield drives investors deep into European ‘junk’ bonds
(DBN)

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PIIGS:

The Magic Fades for Gowex's Jenaro Garcia --- Disgraced Gowex founder turns to Kipling for solace and guidance
(DBN)

Insolvency regime needs overhaul, says committee --- Former Quinn executives seek deal
(DBN)

Greece Resists Troika on Third Bailout as Draghi Protests Delays --- Greek public sector holds 24-hour strike
(DBN)

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S. Korea:

Incoming South Korean minister cites weak economy
(DBN)

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Ukraine:

IMF package for Ukraine 'not enough', minister says
(DBN)

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Australia:

Fewer Australians heading into bankruptcy
(DBN)

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MENA:

US Could End Aid To Afghanistan Over Their Disputed Presidential Election
(DBN)

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