March 17, 2014

The Daily Bankruptcy News

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Law:

Honors Georgetown law grad, 29, retains 6th Circuit clerkship despite being charged in Dewey case
(DBN)

A Dragnet at Dewey & LeBoeuf Snares a Minnow
(DBN)

Jacoby & Meyers Creditors Seek Bankruptcy for Failed Firm
(DBN)

Lawyers in prestige positions aren’t as happy as those in public service-jobs, study finds --- What Makes Lawyers Happy?
(DBN)

Lawyer Depression Begins in School
(DBN)

Claims Administration Puts Law Degree to Use
(DBN)

For Milbank, a Solid Year Under New Leader
(DBN)

Freshfields names litigator as US head
(DBN)

McKenna's Revenue, Profit Sag Amid Expansion Efforts
(DBN)

Merger of Buchanan Ingersoll & Rooney with Fowler White Boggs: Implications
(DBN)

Cotterman On Compensation: Realization
(DBN)

Contagious: Why (most) lawyers can't create that force field
(DBN)

Business of Law
(DBN)

Time for Lawyers to Connect Like the Most Connected Man in the World
(DBN)

Letter from London
(DBN)

UK sees ABS success as 300 firms use structure
(DBN)

Half of women experience discrimination in Australian law firms
(DBN)

USD sees dip in law students as an opportunity
(DBN)

Shrinking Law Schools Face Financial Devastation
(DBN)

February LSAT takers up very slightly from last year
(DBN)

The Most Overrated and Underrated Law Schools
(DBN)

Law Student Can't Beat Rap for Craigslist Ad
(DBN)

Law School Subtly Asks Students, ‘Have You Considered Wrestling’?
(DBN)

ATL March Madness: The Worst Law School In America
(DBN)

2015 U.S. News Law School Rankings (31 – 49) --- The U.S. News Law School Academic Reputation Scores, 1998-2014
(DBN)

Law School Rankings, Law Firm Bonuses & Other Preoccupations of the 2nd Gilded Age
(DBN)

Partner explains how a manufacturing practice is helping his firm grow and better serve clients
(DBN)

Facial recognition database leads feds to fugitive 37 years after prison escape
(DBN)

Top county prosecutor tackles fleeing defendant
(DBN)

This lawyer’s footnoted rap video could be the best thing on the internet
(DBN)

The Ides of March: How to Handle Backstabbing at Work
(DBN)

Playboy Model Sues After Sticking A Golf Tee Up Her B--- Goes Wrong
(DBN)

Smokey Robinson Sues Ex-Wife To Prevent Her From Claiming 50% Of His Recaptured Motown Hits
(DBN)

$50K-a-year bakery worker and wife lived lavishly while laundering $16.6M, feds say
(DBN)

Lawyer acquitted in voice-mail intimidation case
(DBN)

School counselor one of NYC-area’s worst toll skippers with $65K debt, says facing bankruptcy
(DBN)

Bank Robbery Suspect Nabbed After Allegedly Posting Selfie With Sub-Machine Gun
(DBN)

Gunman dressed like 'Rambo' storms restaurant, stabs patron
(DBN)

Patent theft suit blames former McDermott partner; defense sees ‘smoke and mirrors’
(DBN)

______________

Judges:

Federal judge who sent staffers to defendant businesses is removed from case
(DBN)

Will Justices Ginsburg and Breyer Head for the Exit?
(DBN)

Much depends on Ginsburg
(DBN)

______________

Wall Street:

Stock futures shrug off Crimea vote
(DBN)

World stock markets mostly shrug off Crimea vote --- European stocks firm after Crimea vote
(DBN)

Investors Await Response to Crimea Vote --- Shares hit as Crimea vote to spur sanctions against Moscow
(DBN)

US stocks end lower as investors weight tensions
(DBN)

______________

Layoffs:

Private Employment Slowly Reclaims Pre-Downturn Peak
(DBN)

Teens face toughest job market on record, study says --- The Plummeting Labor Market Fortunes of Teens and Young Adults
(DBN)

Cruz Blowing Smoke About Part Time Jobs
(DBN)

CA Technologies - 600 Additional Layoffs
(DBN)

Quitting the academic job market: Should I give up on trying to be a professor and go into government or the private sector instead?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Currency:

MtGox Chapter 15 Case Brings Japanese Insolvency Proceeding and Bitcoin Drama to Dallas Bankruptcy Court
(DBN)

Bitcoin Bankruptcy : What the Heck Is Chapter 15?
(DBN)

MtGox knowingly traded non-existent bitcoins for two weeks?
(DBN)

Mizuho caught up in suits against Mt. Gox --- U.S. class action over bitcoin losses names Mizuho as defendant --- Canadian class-action lawsuit filed against Mt. Gox, Mizuho Bank
(DBN)

Regulators don’t want to regulate bitcoin, says BitPay’s Gallippi
(DBN)

Bitcoin? Here's what Warren Buffett is saying
(DBN)

Why the underworld loves bitcoin
(DBN)

Dorian Nakamoto Issues Statement Through Lawyer 'Unconditionally' Denying Creating Bitcoin
(DBN)

____________

Autos:

Lawsuit could test GM's immunity from pre-bankruptcy lawsuits --- GM under mounting pressure to pay crash victims --- Ignition Switch Recall Straddles Old And New GM --- GM pressured to compensate victims in faulty ignition crashes
(DBN)

GM , experts call latest crash death tally misleading --- US database may have overstated deaths in GM ignition switch recall --- GM’s Mounting Killer Car Problem --- Toll From GM Ignition Flaw Seen Rising as Victims Sought
(DBN)

As Scandal Unfolds, G.M. Calls In the Lawyers
(DBN)

How Will General Motors Fix This Recall Mess?
(DBN)

Fitch: Greatest Recall Risk to GM Is Reputational
(DBN)

Owners of recalled GM cars feel angry, vindicated
(DBN)

GM may recover quickly from ignition switch recall
(DBN)

Kyle Bass: GM shares could hit $50, despite probe
(DBN)

Bertone Reportedly Falls Into Bankruptcy
(DBN)

Why the DOJ won’t back down on auto lenders
(DBN)

____________

Banking:

In lawsuit, FDIC accuses 16 big banks of fraud, conspiracy
(DBN)

Big banks put forex bonuses on hold
(DBN)

Cashing Out on BankUnited
(DBN)

Unofficial Problem Bank list declines to 559 Institutions
(DBN)

On eve of stress tests, Fed asks banks for more info
(DBN)

___________

Video Games:

Chafee's office gave memo to 38 Studios defendant
(DBN)

____________

Television:

Astros, Comcast file more arguments in CSN Houston lawsuit
(DBN)

McLane asks federal judge to dismiss Crane lawsuit
(DBN)

____________

Aviation:

Qantas risk tops Air France-KLM on plan doubts
(DBN)

Unions focus on the future at merged American-US Airways
(DBN)

Ocean Off Perth Called Flight 370's Most Likely Last Fix --- 26 nations involved in search for Malaysian jet --- Search for Flight 370 Enters Daunting New Phase --- US Pilot Who Rode Malaysia Airlines A Lot: The Cockpit Door Was Often Unlocked --- Malaysian PM: Missing Airliner Flew on for Six Hours --- Malaysia Airlines Jet Made 'Tactical Aviation Maneuvers': Law Enforcement Officials --- Malaysia Appeals to 25 Countries in Flight 370 Search --- Jet Probably Crashed in Ocean as U.S. Help Resisted
(DBN)

____________

Mass Torts:

Freedom aims to repay its borrowed money
(DBN)

W.Va. chemical spill tanks coming down
(DBN)

____________

Nonprofits:

Telemarketer profiled in worst charities series files for bankruptcy
(DBN)

____________

Economy:

Consumer confidence, wholesale prices drop
(DBN)

Obama was right: To boost the economy, spread the wealth
(DBN)

Chance of U.S. Minimum Wage Rise So Remote Lobbyists Pay Little Heed
(DBN)

Yellen Chairs First Meeting as Guidance in Focus
(DBN)

Treasuries Drop Before Fed Meets, as Crimea-Vote Sanctions Loom
(DBN)

FOMC Preview: More Tapering, Change to Guidance
(DBN)

Business Finds New Reason for Optimism
(DBN)

Loan Rebound Misses Black Businesses
(DBN)

Income Inequality a ‘Key Issue’ for Global Economy, Prasad Says
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Foreclosure Filings Plummet To Lowest Monthly Total Since 2006 --- Foreclosures Drop 10 Percent in February
(DBN)

14 US Housing Markets Struggling With Foreclosures
(DBN)

The Solution For Zombie Foreclosures: Cure Or Kill?
(DBN)

Justice Department's Phony Fight Against Mortgage Fraud
(DBN)

Adjustable-Rate Mortgages Make a Comeback
(DBN)

California Gov. Brown Sued Over Mortgage-Settlement Funds
(DBN)

Senate Draft Bill Seeks to Wind Down Fannie Mae in Five Years --- Fannie Mae Wind Down Deemed Threat to Home Recovery
(DBN)

What Can Take the Place of Fannie and Freddie?
(DBN)

NY state regulators eyeing Wells Fargo foreclosure manual
(DBN)

Kolko: Where Do Housing “Leading Indicators” Lead Us?
(DBN)

"Blackstone’s Home Buying Binge Ends"
(DBN)

Trial begins in Fannie Mae foreclosure kickback scheme
(DBN)

CoStar: Commercial Real Estate prices increased in January, Distress Sales Declining Rapidly
(DBN)

Fed's Fisher says U.S. housing on 'sustainable rebound'
(DBN)

Housing groups, small bankers wary of mortgage reforms
(DBN)

Hedge Funds vs. Uncle Sam Over Fannie and Freddie
(DBN)

The racist housing policies that created inner-city American poverty
(DBN)

The Best Hamptons Summer Rentals At Every Price Point
(DBN)

ResCap Liquidating Trust Provides Preliminary Tax Valuation Information
(DBN)

Man Unwittingly Rents Out Apartment on Airbnb For "--- Freak Fest"
(DBN)

Glittering prize of the Windy City
(DBN)

____________

Municipalities:

Detroit City Council approves loan on split vote 6-3
(DBN)

Deal still needs judge's OK
(DBN)

Detroit s $120M DIP Loan Remains Elusive
(DBN)

Detroit area water authority talks hit cutoff
(DBN)

How Standard & Poor's compares Chicago to Detroit
(DBN)

How to Fix Detroit
(DBN)

Paperwork, squatters, dirt just a few hurdles in Detroit blight blitz --- Detroit is going to need a lot of dirt: Can the city actually remove 400 blighted homes a week?
(DBN)

How will a Puerto Rican default affect the municipal bond market?
(DBN)

Pittsburgh to remain under state's Act 47 oversight
(DBN)

Duquesne, Clairton remain distressed
(DBN)

How to Become a (Public Pension) Millionaire
(DBN)

Christie Cannot Invoke ‘State of Emergency’ To Cut Pensions
(DBN)

____________

Food/Beverage:

Quiznos files for bankruptcy --- Quiznos Files Pre-Packaged Chapter 11 Plan After Debt Deal --- Bankrupt Quiznos to Honor Gift Cards --- Quiznos Goes Bankrupt, But the Sandwiches Will Live On --- What Quiznos Co-Founder Thinks of Its Bankruptcy --- Toasted: Quiznos files for bankruptcy --- Quiznos Follows Sbarro Into Bankruptcy as Competition Grows --- How Subway Toasted Quiznos --- Why only seven outlets affected --- Fortress poised to get biggest stake in bankrupt Quiznos --- Quizno's bankruptcy yanks chain's future into question
(DBN)

Changing consumer tastes take toll on food court restaurants
(DBN)

Sunland peanut plant to be auctioned this week
(DBN)

New producers paying some old BottleRock debts
(DBN)

Like Sbarro, Will Your Company Be the Next to Fall?
(DBN)

____________

Celebs:

The Broke and the Beautiful: Production Company Prospect Park Networks Enters Bankruptcy
(DBN)

Lady Gaga Bankrupt? Net Worth Ruined After Crazy Monsters Ball Tour Stage Cost
(DBN)

Firn '16: Riches to rags: How million-dollar athletes go broke
(DBN)

____________

Fraud:

Ex-Synergy CEO convicted of running check fraud in U.S., Canada
(DBN)

Former NAPFA chairman Spangler gets 16 years for fraud, must pay $19.8M in restitution
(DBN)

JPMorgan accused of aiding yet another Ponzi scheme
(DBN)

4 Accused in Law Firm Fraud Ignored a Maxim: Don’t Email
(DBN)

____________

Retailing:

Avenue & Lane Bryant Are Looking At Ashley Stewart's Assets
(DBN)

Target Warns Data Breach Could Still Get Worse --- Target details risks from giant data breach
(DBN)

Buyout activity in retail expected to be strong this year
(DBN)

The Death of the Shopping Mall in 3 Charts
(DBN)

____________

Healthcare:

Nursing a hospital back to health
(DBN)

Brooklyn Hospital’s plan for LICH causes some consternation at Carroll Gardens Q and A
(DBN)

Confirmed: LICH bidding attracts strong interest from full service hospital teams
(DBN)

Hundreds to be laid off at LICH, as final bidding round approaches deadline
(DBN)

Theater in a Hospital Throws Spotlight on Inequality
(DBN)

Brooks Memorial begins ‘transformation’ effort
(DBN)

Coshocton Hospital- 25 Layoffs , 22 Pos. not Filled
(DBN)

Fear growing that Newfane hospital may close
(DBN)

Hospital revenues fall with state, federal cuts
(DBN)

Doctor’s bankruptcy means injured patient can’t collect on $30 million verdict
(DBN)

$200k 'exquisite' pens go on sale as new clues emerge about Michael Brown's missing fortune --- Judge freezes bank accounts of artist linked to Michael Brown
(DBN)

____________

Telecoms:

Ergen Calls LightSquared Suit Illicit Ploy to Help Falcone
(DBN)

____________

Fuel Supply:

Thousands of heating oil customers left out in cold in fight for refunds
(DBN)

____________

Tax:

IRS Violated Procedures in Trying to Collect from Bankrupt Taxpayers
(DBN)

____________

Religion:

Legal costs escalate in Kansas City diocese
(DBN)

How and why more churches are teaching about personal finance
(DBN)

____________

Debt Collection:

The Town That Turned Poverty Into a Prison Sentence
(DBN)

Class Accuses Chase Bank of Robosigning
(DBN)

____________

Tech:

Many Silicon Valley start-ups 'doomed' --- Bill Gates says it's ok if half of Silicon Valley startups are silly
(DBN)

____________

Oil/Gas:

Duncan family leaves tangled legal mess in oilpatch
(DBN)

____________

Hedge Funds:

Frustrated investors sue ‘zombie’ Cayman funds
(DBN)

____________

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 (46 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Absolute Priority:

USEC Bankruptcy Shakes Up Creditor Line
(DBN)

____________

Sales:

363 Asset Sales: Going Once, Going Twice, Sold! . . . Subject to Court Approval
(DBN)

Sale Contract for Mineral Interests: Speak Early and Often, Or Forever Hold Your Peace
(DBN)

____________

Insurance:

Directors' Bankruptcy Does Not Relieve D&O Insurer of Obligation to Defend
(DBN)

____________

Corporate Governance:

Bankruptcy Court Says Directors May Owe Fiduciary Duties to Debtor's Estate Despite Disclaimer in Partnership Agreement
(DBN)

Delaware Court of Chancery Finds Financial Advisor Liable for Aiding and Abetting Breaches of Fiduciary Duty
(DBN)

__________

Contracts:

The Interpretation of Contractual Survival Clauses
(DBN)

____________

Agriculture:

Farmers seek trustee control of Brownfield guar business over $4M in unpaid bills
(DBN)

____________

Gambling:

Revel Casino: The $300 million pension gamble
(DBN)

____________

Corporate Reform:

Why No CEO Paid Price for 2008 Meltdown
(DBN)

Why Prosecutors Whiffed on Subprime Crime
(DBN)

Banking's back room risk cops step into top jobs
(DBN)

____________

Shipping:

Creditors seize ship tied to Mexican oil company probe
(DBN)

____________

Personal Finance:

Pawnshops for the wealthy
(DBN)

5 strategies to use to get the most Social Security
(DBN)

____________

Education:

Morris Brown and Atlanta may revive talks over selling property
(DBN)

Half of U.S. Business Schools Might Be Gone by 2020
(DBN)

____________

Student Debt:

The Truth Behind the Student Loan Crisis Isn’t as Bad as You Think
(DBN)

____________

Sovereigns:

Skeel on Bankruptcy for States and Nations
(DBN)

____________

UK:

Insolvency Service increases fees
(DBN)

Scotland Set to Modernize Bankruptcy Laws
(DBN)

New York takes London's crown as top financial center: survey
(DBN)

Cash crisis: One in 10 Brits is £10000 in debt --- Average family is £54000 in debt
(DBN)

Now Co-op pays official £2,000 a day to examine why it is in debt
(DBN)

____________

EU:

Europe's Economic Woes Could Enrich Some - Those Who Bill for Bankruptcy Advice May Emerge as Winners
(DBN)

Draghi holds course in face of deflation threat
(DBN)

One year on, Cyprus still scrambling back from the brink of bankruptcy
(DBN)

Lloyds Is Being Too Nice, or Too Mean, to Its Bondholders
(DBN)

Proposed 'common principles' for EU insolvencies reflect UK's current, "more flexible" approach, says expert
(DBN)

____________

PIIGS:

ie: Dunne's wife wants visa files kept secret --- Stephen Donnelly: We need a strategic review of mortgage crisis --- KPMG conduct as Nationwide’s auditor queried
(DBN)

Hellas liquidators say TPG and Apax left it insolvent --- Greece: Government Negotiations with Troika Continue; Hopes for Agreement by Monday --- Onassis: When Bankrupt Germany Greeted Him With Greek Flags
(DBN)

What Happened to Mortgage Debtors?
(DBN)

____________

Canada:

Ontario court approves Colossus Minerals bankruptcy plan
(DBN)

Sears Home Services bankruptcy leaves customers in the lurch
(DBN)

____________

China:

Creditors look beyond China default
(DBN)

Hurdles ahead for China workout
(DBN)

Chinese private steel mill Haixin Steel defaults on bank loan
(DBN)

Small aluminum producers could face closure
(DBN)

China's high wire act on failing companies
(DBN)

Krugman: Chinese Debt Worries
(DBN)

How Chinese Defaults Could Create Opportunity
(DBN)

The end of China's boom need not trigger a bust
(DBN)

Yuan Tumbles Again
(DBN)

____________

Brazil:

IMG Worldwide Hasn't Held Talks About Buying Out Brazil's Eike Batista
(DBN)

____________

Ukraine:

Crimea referendum: Voters 'back Russia union' --- Will Russia Press Further Into Ukraine --- Ukraine: Russia and West on Collision Course --- East-West standoff complicates any IMF deal for Ukraine --- Russia's Deputy Economic Minister Warns Kremlin Economy Is In Crisis --- In Putin’s Russia, risk prices you --- What History Teaches Us About Ukraine Crisis --- How Russians Became Crimea's Largest Ethnic Group --- Russian soldiers seize natural gas terminal --- Crimea's Deputy Prime Minister Made A Troubling Prediction About What Happens Next --- Crimea: Economic fallout of a 'yes' vote --- Is Russia Pulling Money Out of U.S. for Safekeeping? --- Cold War Reflexes Return To Europe Over Ukraine
(DBN)

____________

Argentina:

Creditor nations Paris Club and Argentina will begin debt discussions in May
(DBN)

____________

Venezuela:

Venezuela's economic nightmare takes an ugly turn
(DBN)

____________

Australia:

Fortress Hit With Lawsuit Over Australian Co. Bankruptcy
(DBN)

____________

MENA:

Iran's central bank may cut services to debtors
(DBN)

____________

Austria:

Austria says plans to play hardball in Hypo cost recovery
(DBN)

____________

India:

ABG Shipyard's corporate debt restructuring fails to take off
(DBN)

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