June 6, 2014

The Daily Bankruptcy News

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Law:

Dreier Bankruptcy Advisers Request $18 Million
(DBN)

Associate Bonus Watch: Who Just Announced Midyear Bonuses?
(DBN)

Merging In The Post-Recession Market
(DBN)

New York High Court Weighs Unfinished Business Rule --- Judge Takes Dim View of 'Jewel' Doctrine
(DBN)

Firings at GM spare its top lawyer --- GM spares its top lawyer but not those below him --- GM Report Critical of Legal Dept., Recommends Changes
(DBN)

Coming and Going Concerns
(DBN)

Is There A Business Case For More Female Biglaw Partners?
(DBN)

Does the GC Have to Make the Coffee, Too
(DBN)

The Diversity Crisis: Time to Call It Racism?
(DBN)

A Summer Associate’s Premature Departure: ‘I Would Rather Be Farming’
(DBN)

Reinventing The Law Business: Blend In At Your Peril; You Need To Stand Out
(DBN)

Allens Linklaters partner investigated over time recording
(DBN)

White & Case pays junior lawyers more than senior lawyers
(DBN)

Oops! Top Law School Email Screw-Up Reveals Grades, Ranks Of All Clerkship Applicants
(DBN)

Once-confident law firm Clearspire closes its virtual doors, but its software will go global
(DBN)

Book Review: Failing Law Schools
(DBN)

3 lawyers face legal ethics case in claimed mid-trial DUI arrest setup of opposing counsel
(DBN)

Arrested before dawn, three Philly residents are rounded up for new Juror Scofflaw Court
(DBN)

Donald Sterling's Last Laugh: $2bn is Tax Free
(DBN)

Woman charged in wiretap case after videotaping traffic stop wins $57K settlement
(DBN)

Supreme Court Accidentally Legalizes Prostitution
(DBN)

‘Stabby, Stab, Stab’: What Inspired Two Preteen Girls To Attempt Murder?
(DBN)

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Judges:

New bankruptcy judge starts in Akron
(DBN)

White Collar Trials, Snitches, And Telling The Truth
(DBN)

Off the Bench, and In the Air
(DBN)

Ex-judge disbarred over relationship with prosecutor during murder trial in her court
(DBN)

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Wall Street:

Stock futures push higher ahead of jobs data
(DBN)

US stocks close at records after ECB moves
(DBN)

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Layoffs:

Job Market Dropouts May be Coming Back
(DBN)

US Jobless Claims Fall to Seven-Year Low
(DBN)

More layoffs could be in the works on Wall Street
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Religion:

Pope Francis shakes up Vatican's finance panel
(DBN)

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Electricity:

EFH creditors drop objection to DIP financing --- Creditor Support for $4.5 Billion Loan
(DBN)

Bankrupt Energy Future says resolves objections to financing --- Bankruptcy judge set to approve loans for Energy Future Holdings
(DBN)

Curbing GHG Emissions – Good for the Environment, Bad for Investors?
(DBN)

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Nonprofits:

YMCA restructuring rings familiar to former YWCA head Julia Taylor
(DBN)

U.S. Bank is trustee for largest block of YMCA of Metropolitan Milwaukee creditors at $24.2 million
(DBN)

Top Milwaukee YMCA officials say how they arrived at bankruptcy option
(DBN)

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Celebs:

Annie Leibovitz Buys Central Park West Pad for $11.25 Million
(DBN)

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Banking:

German Bad Bank Sells U.S. Loans With $1.2 Billion Nominal Value
(DBN)

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Food/Beverage:

C&K Market prepares to emerge from bankruptcy
(DBN)

The World's Largest Cupcake Company Is Crumbling
(DBN)

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Compensation:

Your Tax Dollars Pay for Walmart Execs’ Bonuses
(DBN)

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Economy:

US jobless claims rise as payrolls data loom --- US Jobless Claims Rise 8,000 to 312,000
(DBN)

Employment Report Preview for May
(DBN)

Americans Believe Recovery Comes in 2017
(DBN)

Household net worth climbs $1.5 trillion in 1st quarter
(DBN)

Corporate America’s mountain of cash just shrank by a huge amount
(DBN)

State governments may be expanding wealth gap
(DBN)

Workers' Wages Sink as 'Domestic Outsourcing' Grows
(DBN)

Addressing The American Savings Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%
(DBN)

Trulia: Asking House Prices up 8.0% year-over-year in May, "slowest rate in 13 months"
(DBN)

CoreLogic: Year Over Year, the Negative Equity Share Has Declined by 3.5 Million Properties
(DBN)

Mortgage Equity Withdrawal Still Negative in Q1 2014
(DBN)

Stuyvesant Town Lenders Move to Prevent Investor From Seizing the Property
(DBN)

The 12 Most Expensive Homes For Sale In The US
(DBN)

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Municipalities:

Detroit retirees crowd meeting to hear more about bankruptcy plan
(DBN)

Grand Bargain: Is.It.Legal.
(DBN)

With Michigan support set, Detroit an issue in governor race
(DBN)

Detroit police, fire retirees to hear details about bankruptcy plan
(DBN)

Detroit council to vote on state-approved pension, DIA deal --- City Council OKs charitable trust for Detroit art
(DBN)
(DBN)

Can this love fest last? Grand bargain brings state, city together
(DBN)

A 3,000-Sq.-Ft. Colonial Home in Bankrupt Detroit has Spurred an Online Bidding War
(DBN)

Fund Manager Sets Goats Grazing in Blighted Detroit
(DBN)

Why Skillman Foundation Joined Detroit's “Grand Bargain”
(DBN)

Governor Quinn needs to sign Chicago's pension reform bill
(DBN)

Stockton bankruptcy trial yields no hint on cutting CalPERS payments
(DBN)

Chapter 9 legal teams face off for hardball
(DBN)

KY: Appeal ruling on pension system; Agency departure would undermine funding
(DBN)

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Autos:

Barra shouldn't play bankruptcy card: Attorney
(DBN)

GM Fires 15 Employees Over Ignition Switches, Feinberg To Oversee Compensation Fund --- GM CEO axes 15 over switches, says 'no conspiracy' --- Pattern of Incompetence, Says GM CEO --- Reaction: GM switch report, firings applauded --- Plaintiffs Lawyers Suing GM Assail Internal Report --- The Valukas Report
(DBN)

GM says death toll could rise; Feinberg will set compensation terms --- Feinberg History With 9/11 May Give Glimpse of GM Program --- GM's compensation offer not enough: victim's dad
(DBN)

GM opens door for lawyers: Analyst --- Lawyers scan GM report for details to bolster negligence suits
(DBN)

Firings at GM spare its top lawyer
(DBN)

GM Seeks to Block Disclosure of Bankruptcy Documents
(DBN)

GM Report Confirms Barra Didn't Know of Fatal Flaw Prior to Recall
(DBN)

GM's Chief Threads The Needle: Look In Charge While Keeping a Distance From 'Old' GM
(DBN)

Man in the News: GM Investigator Anton Valukas
(DBN)

New lens needed for GM's myopia, says Barra
(DBN)

The ‘GM Nod:’ 325 Scathing Pages on General Motors’ Culture
(DBN)

At GM It Was Called the Switch from Hell
(DBN)

GM to Compensate Crash Victims, But What About Those Who Lost Money?
(DBN)

Barra likely to be called back to Capitol Hill
(DBN)

'Doing the right thing' for GM victims
(DBN)

Botched recall: 'Fundamental failure'
(DBN)

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Tax:

Tax haven use widespread among Fortune 500 companies --- Without Offshore Tax Havens, These Companies Would Owe the US This Much
(DBN)

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Bankruptcy Crimes:

Eldorado couple guilty of bankruptcy fraud
(DBN)

Montour Man pleads guilty in bankruptcy fraud case
(DBN)

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New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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:

May Business Bankruptcy Filings Decrease 21%
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Sales:

Court Upholds Section 363 Sale of Collateral of Lender that was Unaware of the Sale
(DBN)

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TBTF:

Eclectic Who's Who Ready to Chip in for Greenberg's Defense
(DBN)

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Retailing:

Sears’ Lampert met Ford’s Mulally for restructuring advice
(DBN)

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Student Debt:

What Americans Don't Know About Student Loans: A Lot
(DBN)

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Healthcare:

JPMorgan Unit’s MModal Wins Approval of Bankruptcy Terms
(DBN)

City wants nonprofit Washington Hospital to pay up
(DBN)

Nurses union fears lockout at Christ Hospital in Jersey City
(DBN)

VA: 100,000 Vets Were on Fake Waiting Lists
(DBN)

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Corporate Reform:

BofA May Pay $12bn to Settle Gov't Probes
(DBN)

BNP Executive Firings Sought by Top New York Bank Regulator
(DBN)

Risk of Banks Dodging Rules Leads to U.S. FDIC Scrutiny
(DBN)

Payday Lenders Sue Over US Regulations
(DBN)

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Fishing:

Pescanova loses EUR 17 million in the first quarter
(DBN)

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Golf:

Auction of golf course, castle set despite legal challenge
(DBN)

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Oil/Gas:

More details released in Buccaneer bankruptcy
(DBN)

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Politics:

Hillary Clinton's Goldman Sachs Problem
(DBN)

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Fraud:

Jailed TelexFree co-owner Merrill says he couldn't, wouldn't flee if released
(DBN)

Ex-Refco Finance Chief Trosten Avoids Prison for Scheme
(DBN)

Citi engages law firm to oversee Banamex investigation
(DBN)

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Sovereigns:

Billionaire Singer's Smoking Gun Sparks Default-Risk Jump
(DBN)

Argentina Edges Back From the Debt Brink
(DBN)

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UK

Bank of England keeps rates at record low, split seen coming
(DBN)

UK Car Industry: Best Growth Since 1959
(DBN)

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EU:

European Central Bank to Impose Negative Interest Rates
(DBN)

Modern insolvency rules: EU Ministers back Commission proposal to give honest businesses a second chance
(DBN)

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PIIGS:

Sean Dunne’s US bankruptcy hearing to go ahead in January
(DBN)

Monte dei Paschi offers deep discount for capital-raising drive
(DBN)

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