March 14, 2014

The Daily Bankruptcy News

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Law:

Dewey Know Why The D.A., And Not The U.S.A.O., Is Going After Folks From This Former Firm?
(DBN)

LSAT test takers increase in February
(DBN)

Washington & Lee Tries To Calm Fears Of Entering Students
(DBN)

Buchanan Ingersoll & Rooney and Fowler White Boggs to Merge --- Buchanan Ingersoll acquires 90-attorney Florida firm
(DBN)

Another Canadian law firm will follow Heenan Blaikie to collapse in 2014, Deloitte report said to predict
(DBN)

Some American law schools are paying many of their graduates' salaries
(DBN)

ABA to Tackle Tenure
(DBN)

Former law firm name partner will plead guilty in election-law case, his attorney says
(DBN)

Boies Points to McDermott File Room in Patent Theft Suit
(DBN)

Ex-Sidley Partner's Slide Into Receipt Scam Detailed
(DBN)

‘Teaching while woman’ and battling disrespect, law prof has some advice
(DBN)

Lean in or recline? Law prof’s essay sparks response
(DBN)

Law Student Slays Jeopardy Villain
(DBN)

The 3 Best Ways To Roll Up Your Shirt Sleeves
(DBN)

Patriot Act Author: CIA Spying Is 'Almost Nixonian' --- White House more involved in CIA-Senate dispute, reports say
(DBN)

How To Stay In Shape While Traveling
(DBN)

Planning For A Legal Career Overseas (Part I): Picking The Right Practice Area And The Right Firm
(DBN)

Cops: Truck Driver Wore Vampire Fangs, Kept S-- Slaves In Semi
(DBN)

Brooklyn Cops Handing Out Fake Jaywalking Tickets
(DBN)

Alexandra Marchuk v. Faruqi & Faruqi: Are Lawyers Leaving The Faruqi Firm?
(DBN)

'Dead' Mississippi man who kicked out of body bag has died
(DBN)

Mother Sues Gun Shop For Selling Gun Later Used In A Murder
(DBN)

Bill Will Legalize 9 Year Old Child Brides
(DBN)

One Of US Army's Most-Wanted Fugitives Arrested After 37 Years On The Run
(DBN)

Ex-Cop Who Shot Man in Movie Theater for Texting Was Also Texting
(DBN)

Indicted lawyer used client to impersonate his own mother in $100K loan fraud, authorities say
(DBN)

Landmark Settlement Reached in Case of Man Arrested for Filming Police Making an Arrest
(DBN)

______________

Judges:

Top Lawyer to Ecuador's President Indignant at Barbs by NY Judge
(DBN)

Judge Posner Rips Litigant A New One --- Posner: Appeal brief is ‘a gaunt, pathetic document’; lawyer ‘shenanigans’ should have been reported
(DBN)

Chief Judge Jaroslovsky's Letter to the Bar regarding the Recruitment for the Bench-Bar Liaison Committee
(DBN)

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Wall Street:

Stock futures inch up as investors eye China, Ukraine
(DBN)

Markets Are In The Red
(DBN)

Stocks tumble as Dow drops more than 200 points --- Stocks knocked by unease over Ukraine, China
(DBN)

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Layoffs:

Senators reach deal extending jobless benefits
(DBN)

Bill Gates: People Don't Realize How Many Jobs Will Soon Be Replaced By Software Bots
(DBN)

Why Robots Will Start Replacing Retail Workers
(DBN)

US jobless claims dip to three-month low
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Personal Finance:

13 Times When Being Cheap Doesn't Pay Off
(DBN)

How Billionaire Mark Cuban Is Raising His Kids So They Don't Turn Into Spoiled Brats
(DBN)

Overlooked Aspect Of Networking
(DBN)

5 Types of Debt to Dump Before You Retire
(DBN)

How To Handle The 5 Most Awkward Money Situations
(DBN)

____________

Electricity:

Energy Future lining up loans for bankruptcy filing --- Said to Arrange $7 Billion of Bankruptcy Financing
(DBN)

____________

Religion:

Settlements and legal fees escalate for the Kansas City-St. Joseph Diocese
(DBN)

Church Files BK in Evangelical Christian Foreclosure Case
(DBN)

Lender: Tampa's Without Walls seeks bankruptcy to dodge foreclosure
(DBN)

____________

Celebs:

Lisa Vanderpump & Brandi Glanville talk bankruptcy claims during 'RHOBH' reunion
(DBN)

When Hoop Dreams Turn to Bankruptcy Nightmares
(DBN)

____________

Brokers:

Gleacher to Liquidate as Failed Brokerage Can't Find Buyer --- Gleacher Taps Covington, Delaware Firm for Dissolution
(DBN)

____________

Television:

Despite the Astros Legal Claims, More Money's Not the Key to Competing With Texas
(DBN)

____________

Healthcare:

NRMC settlement money is concern
(DBN)

Monroe Hospital lays off employees
(DBN)

Toronto Doctor Dispels US Senator's Myths About Canadian Health Care
(DBN)

Mapping America's healthcare disparities
(DBN)

Where Each City's Uninsured Live
(DBN)

____________

Oil/Gas:

Chesapeake Survived by Slashing Royalties
(DBN)

____________

Corporate Reform:

Regulators Size Up Wall Street, With Worry
(DBN)

____________

Private Equity:

Hellas Liquidators File US$1.3 Billion Lawsuit against Leading Private Equity Funds
(DBN)

____________

Metals:

Berkeley steel foundry files for bankruptcy citing lawsuit
(DBN)

____________

Education:

New Federal Rules Target For-Profit Colleges
(DBN)

____________

Economy:

US retail sales rebound from winter chill, jobless claims fall
(DBN)

Business inventories up, but sales drop in Jan.
(DBN)

US budget deficit smaller than expected in February
(DBN)

Fischer defends Citi stint, toes line on Fed policy
(DBN)

Number of millionaires in U.S. reaches a new high
(DBN)

Paul Ryan In Trouble Over Poverty Comments
(DBN)

This Chart Shows How Much More Wall Street Made Last Year Than All Of America's 1 Million Minimum Wage Workers
(DBN)

Countries With More Money Tend To Be More Godless
(DBN)

Keystone Has Few Long Term Jobs
(DBN)

Gov. Workers Cost 45% More Than Private Sector
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

CFPB targets "zombie" foreclosures after Reuters report
(DBN)

Hands Off Fannie and Freddie Profits
(DBN)

Fannie Mae Pays Foreclosure Buyers, But Not Investors
(DBN)

Hedge Funds' Big Bet on Fannie and Freddie May End Up Worthless
(DBN)

CA: New Foreclosure Process Soars Again
(DBN)

DOJ Faulted for Making Mortgage Fraud a Low Priority
(DBN)

Slain Brooklyn businessman Menachem Stark won $18,000 from a charity raffle he entered before his death
(DBN)

Friend shares memory of Pia Farrenkopf, Pontiac woman believed to have died undetected in her garage years ago - Discovered when house fell into foreclosure
(DBN)

America's 1,000 Richest Neighborhoods
(DBN)

___________

Municipalities:

Detroit emergency manager expects 'violent opposition' to bankruptcy plan from creditors
(DBN)

Detroit’s pensioners — in their handwritten words — weigh in on bankruptcy court
(DBN)

Detroit council set to vote Friday on $120-million bankruptcy loan
(DBN)

How Detroit's bankruptcy impacts my life
(DBN)

Poll: State support strong for $350M DIA, pension aid
(DBN)

Learning to Object: Workshop planned for anti-PoA filings
(DBN)

Detroit EM Considers Privatizing Water Department --- Orr's alternative: Privatize or sell Detroit water department --- Don't be soaked by Detroit
(DBN)

America's Most Miserable City Emerges from Bankruptcy
(DBN)

San Bernardino Reports Progress in Mediation With Calpers
(DBN)

San Bernardino bankruptcy: All groups reporting progress except firefighters’ union
(DBN)

Despite blockbuster bond sale, Puerto Rico debt-holders still in crosshairs
(DBN)

Scranton council approves grant, appointments Scranton consultant
(DBN)

Fitch: Modest but Negative Rating Drift for US Public Finance
(DBN)

____________

Telecoms:

LightSquared Says Dish Planned To Buy Spectrum In '12
(DBN)

Phil Falcone Says Charlie Ergen's Lying Now A Criminal Matter
(DBN)

____________

Aviation:

New Evidence Suggests That Plane Disappearance Was A Deliberate Act --- India Looking for Malaysian Jet as U.S. Sees Air Piracy --- Investigators Think Missing Plane Might Have Been Stolen To Use Later --- Here's How A Giant Commercial Plane Can Suddenly Vanish Without A Trace --- Everything We Know About the Location of the Missing Flight, in One Map --- US Investigators Suspect That Missing Flight Kept Flying For Hours Beyond Its Last Communication --- Satellites Picked Up 'Pings' From Malaysian Jet After It Went Missing --- Could the missing Malaysia Airlines plane have been stolen? --- Long Search for Missing Plane Could Cost 'Hundreds of Millions of Dollars'
(DBN)

The Private Jet Market: The Super-Rich Pull Away From The Merely Rich
(DBN)

Cyprus Airways sells Heathrow slot to MEA “dirt cheap”
(DBN)

How Qantas could live the American aviation dream
(DBN)

Airlines fill planes to record capacity as demand continues to grow
(DBN)

____________

Consumer Finance:

World Acceptance Reveals Probe By U.S. Consumer Regulator
(DBN)

____________

Retailing:

Calumet Photographic abruptly closes U.S. stores --- Popular chain Calumet Photo files for bankruptcy
(DBN)

Calumet Employee Reveals what Was Happening
(DBN)

Target Was Warned Its Credit Card Data Was Being Stolen — And For 12 Straight Days Did Nothing About It
(DBN)

Mobile phone retailer Wirefly reportedly shuts down after bankruptcy
(DBN)

Are Indoor Shopping Malls Dying Off?
(DBN)

The shopping mall is dead. Long live wandering aimlessly around the mall
(DBN)

____________

Textbooks:

Cengage Wins Approval of Plan to Cut Debt by $4 Billion
(DBN)

____________

Tax:

Bankruptcy Procedures Designed to Protect Taxpayer Rights and the Government’s Interest Were Not Always Followed
(DBN)

____________

Autos:

Will Bankruptcy Provide Airbag for GM Recall? --- GM's Bankruptcy Shield in Recall Firestorm --- GM pressured to compensate victims in faulty ignition crashes
(DBN)

US safety watchdog says 303 deaths linked to recalled GM cars
(DBN)

The Coming GM Ignition Litigation Storm: 4 Blunt Points
(DBN)

Legal Issues Pile Up for General Motors GC
(DBN)

GM's alphabet soup handling of recall spells trouble ahead
(DBN)

Another GM board member to step down
(DBN)

____________

Mail:

White House Budget Proposes Damaging Postal Service Cuts
(DBN)

Warren's Post Office Proposal
(DBN)

____________

Compensation:

Wall Street Bonuses Are Bouncing Back, While Everyone Else's Wages Are… Meh
(DBN)

____________

Food/Beverage:

Sunland plant to be auctioned
(DBN)

11 Awesome Starbucks Secret Menu Frappuccinos
(DBN)

____________

Pensions:

An Unpalatable Plan to Rescue Failing Pensions
(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 (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Equity:

U.S. Supreme Court Clarifies Limits of Bankruptcy Judge's Equitable Authority Under Section 105(a)
(DBN)

____________

Chapter 12:

Liens Will Survive — All Goes Well for Secured Creditor When Ninth Circuit Extends Dewsnup Principles to Chapter 12
(DBN)

____________

Secured Debt:

Parties trade strategic jabs in high-stakes SCOTUS strip-down bankruptcy petition
(DBN)

____________

Bankruptcy Rules:

Bankruptcy Rules Committee To Meet
(DBN)

____________

Litigation:

Cornerstone Research Releases 2013 M&A Litigation Study
(DBN)

____________

Mass Torts:

West Virginia’s new normal is anything but
(DBN)

GM Ignition-Flaw Death Toll Seen Rising as Victims Sought
(DBN)

____________

TBTF:

The Fed Was Supposed to Rein In Its Bailout Powers. Instead It Did This
(DBN)

____________

Currency:

Bitcoins in Bankruptcy: Trouble Ahead for Investors and Bankruptcy Professionals?
(DBN)

What Mt. Gox's U.S. bankruptcy papers teach us
(DBN)

Mt. Gox Knew It Was Selling Phantom Bitcoin 2 Weeks Before Collapse?
(DBN)

Bitcoin 'vault' company raises $20 million from big-name investors
(DBN)

Riding the Bitcoin wave is nothing short of wild
(DBN)

The Bitcoin Bugle: The Race is On
(DBN)

FINRA Trash-Talks Bitcoin In A Scary Investor Alert
(DBN)

The one thing that might save bitcoin
(DBN)

____________

Toilet Seats:

Sanderson to shut down if no buyer found
(DBN)

____________

Fraud:

Another SAC trader charged with insider trading
(DBN)

Ex-analyst tied to SAC Capital barred in SEC deal
(DBN)

Justice Didn't Ensure Mortgage Fraud Was Priority, IG Says
(DBN)

'Bernie Claus' Gifts Said to Have Kept Madoff Fraud Alive
(DBN)

Jon Corzine's Son Committed Suicide
(DBN)

____________

Sovereigns:

Washington 'won't side with Argentina in court,' Kerry affirms on vulture funds dispute
(DBN)

____________

UK:

What Constitutes an Insolvency Derived Claim?
(DBN)

Nearly three-quarters of personal insolvency practitioners have seen individuals unable to go bankrupt
(DBN)

London Is About To Experience A Residential Building Boom Not Seen In Decades
(DBN)

____________

EU:

EC to roll out Chapter 11 style insolvency across Europe
(DBN)

Euro Weakens Sharply Following Draghi Comments
(DBN)

European Stocks Hit Five-Week Low on Ukraine Crisis
(DBN)

____________

PIIGS:

Hellas Liquidators Say TPG, Apax Left Company Insolvent
(DBN)

____________

Canada:

Contamination is Risky Business for Restructuring Companies and their Directors and Officers
(DBN)

Heenan Blaikie wills & estates vaults transferred
(DBN)

____________

China:

China's Li Keqiang warns investors to prepare for wave of bankruptcies
(DBN)

China's Big Four Lenders See $70 Billion Vanish From Stocks
(DBN)

Chaori default will provide resolution template
(DBN)

11 Charts That Confirm China's Dramatic Slowdown
(DBN)

Its Growth Targets Elusive, China Focuses on Jobs and Quality of Lifew
(DBN)

Another Chinese Default - But It's Still Not A Bear Stearns Moment For China
(DBN)

____________

Ukraine:

Kerry Gives Russia Monday Deadline --- Would Sanctions Against Russia Even Work? --- Russia Massing Military Forces Near Border With Ukraine --- Ukraine Says 80,000 Russian Soldiers And 270 Tanks Are Threatening A 'Full-Scale Invasion' --- Jittery customers run on banks in Crimea --- George Soros: Ukraine a "Wake Up Call" for Europe --- Ukraine gas tycoon Firtash arrested over corruption claims --- Russia Is Taking the Sanctions Threat Seriously—With Good Reason --- IMF to start negotiations with Ukraine on aid program --- Why $3B for Ukraine Would Go to Russia --- Crimea: Majority Want to Go with Russia
(DBN)

____________

Brazil:

Brazil's Óleo e Gás receives $125 mln in DIP financing
(DBN)

Brazil's OSX offers to pay more interest in bond restructuring plan
(DBN)

Did You Buy a Shower Head from Eike Batista’s Empire? Be Prepared to Wait
(DBN)

____________

Austria:

Hypo Group: Decision Has Finally Been Made --- Austria rules out Hypo Alpe Adria insolvency
(DBN)

____________

South Africa:

Insolvency specialists to fight policy
(DBN)

____________

Hungary:

Hungary Central Bank Fines 35 Banks
(DBN)

____________

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