March 26, 2014

The Daily Bankruptcy News

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Law:

Dewey's Cautionary Tale of Culture and Compliance --- D.A. Agrees to Unseal Some Dewey Documents
(DBN)

Outlook for Corporate Restructuring: Paul Leake --- Marshall Huebner --- Carol Flaton
(DBN)

Merger talks heat up between law firms Patton Boggs and Squire Sanders --- Has Patton Boggs Found A Savior?
(DBN)

Dallas Bankruptcy Boutique Adds Litigation Partner
(DBN)

February LSAT Test Takers Up 11% from Same Time Last Year: Some faculty jobs might be saved
(DBN)

Law Practice: For Rich Kids Who Don’t Like Math
(DBN)

Dean Rodriguez: A most unfortunate narrative
(DBN)

Startling Statistics About Law Student Debt Levels
(DBN)

Supreme Court Says FICA Tax Due On Severance Pay
(DBN)

8 Tips to Grow the Law Firm Business
(DBN)

Business of Law
(DBN)

The Real and Ugly Facts of Litigation Funding
(DBN)

Legal Sector 2013: Corporate Hourly Purchasing down 1.3%
(DBN)

Year-end results show less growth than expected for big firms
(DBN)

Old Lady's Guide For Starting Over: Nuke Prestige (Part 2)
(DBN)

Attorney's Unusual Claim Against Website Survives
(DBN)

Use Big Customer Data for Law Firm Biz Dev
(DBN)

Jacoby Bankruptcy Troubles Similarly Named Firms
(DBN)

6 Fun Facts From A Billing Survey Of In-House Counsel
(DBN)

Lawyers’ definitions of virtual practice vary, but not when it comes to finding success
(DBN)

As lawyers learn to be integrators, who will be ‘the straw that stirs the drink?’
(DBN)

The Marilyn Monroe Unfair Advantage in Courtroom --- Women attorneys may face double standard when it comes to courtroom attire --- Judge: On being a dirty old man and how young women lawyers dress
(DBN)

Women are squarely in the picture where law and technology combine
(DBN)

Negotiation Styles Around The World
(DBN)

Law Profs, If You Could Just Go Ahead And Quit, That Would Be Great
(DBN)

Drexel University’s law school puts naming rights back on the table
(DBN)

Law firm offers wronged investors a birthday gift
(DBN)

A Simple Way To Find Out If You're Overworked
(DBN)

How To Make Partner
(DBN)

Ax these terms from your legal writing
(DBN)

The venerable Martindale-Hubbell says it’s still viable, vital
(DBN)

Catch up with tech or lose your career, judges warn lawyers
(DBN)

Florida woman charged in mulch madness attack on line-jumping Lowe’s customer
(DBN)

Obama’s NSA 'Reform' Leaves Out Email, Text, And Social Media --- Snowden: Obama's NSA Reforms Are A 'Turning Point'
(DBN)

11 Things You Can Do With The New HTC One That You Can't Do With An iPhone
(DBN)

Please turn around so we can discuss my briefs
(DBN)

Judge assigns 'medical guardian' to woman who won't stop calling 911
(DBN)

Drag racing attorneys put the pedal to the metal
(DBN)

Lawyer Says Scientologists Took Him for $200K
(DBN)

Cops: Man Leaves Prison, Robs Same Store 15 Years Later
(DBN)

How Gardner's 'Good Wife' death changes everything
(DBN)

Say What?!
(DBN)

______________

Judges:

Female Justices Dominate Questions in First Half of Contraception Arguments
(DBN)

Wall Street Arbitrator Booted For Fake Credentials Heard Dozens Of High-Profile 40 Cases
(DBN)

Judge Joe Brown In The Pokey? --- Why Judge Joe Brown was Arrested
(DBN)

Posner cites in-chambers donning and doffing experiment; dissenter is ‘startled, to say the least’
(DBN)

Supreme Court Declines to Revive Delaware Arbitration Program
(DBN)

Sandra Day O’Connor tells audience of her journey to Supreme Court
(DBN)

They ought to be in pictures
(DBN)

Benchslap Of The Day: LMAO At D.C. Cir.
(DBN)

______________

Wall Street:

US stock futures lean higher
(DBN)

Stocks Rise in Choppy Trading
(DBN)

Stocks And Bonds Are Set To Have Their Worst Long-Term Performance In History
(DBN)

The Golf Courses Where Wall Streeters Love To Play
(DBN)

______________

Layoffs:

The Shift From Low-Wage Worker to Robot Worker
(DBN)

America's Workers: Stressed Out, Overwhelmed, Totally Exhausted
(DBN)

Justices Say Severance Payments Must Be Taxed
(DBN)

7 Clichés You Should Never Use In A Job Interview
(DBN)

The 10 Best Part-Time Jobs In America
(DBN)

11 Things You Should Do In The 15 Minutes Before A Job Interview
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Fraud:

Sentinel Chief Bloom Guilty in $500 Million Investor Scam
(DBN)

Bernie Madoff's Ponzi Scheme Trustee Makes Fresh $349m Claim for Victims
(DBN)

Mexican Oil Executive Under House Arrest On Suspicion Of Defrauding Citibank Up To $400 Million
(DBN)

Ex-Goldman director Gupta's insider trading conviction upheld
(DBN)

Phelps gets 4 years in prison, ordered to pay $5.1 million in restitution
(DBN)

Picard: Madoff victims to get additional payment
(DBN)

SIPC: All Madoff Customers With Allowed Claims Under $925,000 To Be Satisfied In Full With Fourth Distribution --- Madoff trustee sees victims' payout nearing $6 bln
(DBN)

US court denies ex-Goldman director Rajat Gupta permission to visit India
(DBN)

____________

Retailing:

Walgreens to close 76 unprofitable stores
(DBN)

Which Retail Companies Are Due for a Makeover?
(DBN)

____________

Newspapers:

Dolan Pays $1.5M In Severance To Departing Leaders
(DBN)

FLS adviser testifies against large credit bid
(DBN)

____________

Brokers:

MF Global trustee may sue Corzine, others over collapse: judge
(DBN)

____________

Finance:

Why Companies Suffer Large, Unexpected Credit Losses
(DBN)

New crop of US loans getting riskier
(DBN)

____________

Apparel:

Cleveland millionaire Allan Jones makes bid to buy bankrupt Hardwick Clothes
(DBN)

____________

Economy:

Consumer Confidence in US Rises to a Six-Year High
(DBN)

Elizabeth Warren: There Are 17 Million Reasons To Raise The Minimum Wage
(DBN)

Huge Disappointment From The Richmond Fed
(DBN)

New York Fed Thinks Banks Need More Risky Debt
(DBN)

Rate rise only when Fed certain U.S. recovery well under way: Fisher
(DBN)

Fed's Bullard Says There's Ambiguity on Date for Bond-Buying End

Yellen: Women made America’s economy great
(DBN)

Even the Fed Knows Too Big to Fail is Wrong
(DBN)

The Industries And Counties Still In The Recession's Grip
(DBN)

Krugman: What It Would Have Taken
(DBN)

Most Americans can't afford new cars
(DBN)

The Homelessness Crisis That Silicon Valley Is Afraid To Confront
(DBN)

Lost Generations
(DBN)

N Dakota records nation's highest personal income growth
(DBN)

The Revenge of the 1%
(DBN)

Best retirement tip? Never stop working
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Impact of Lis Pendens: More Questions Than Answers
(DBN)

Home prices extend win streak in January: S&P/Case-Shiller --- Home Prices in 20 U.S. Cities Rose 13.2% in Year to January --- US home prices (MTM) dip in Jan. for 3rd straight month --- Sales of new homes fall to five-month low --- A comment on the New Home Sales report
(DBN)

A Look at Case-Shiller by Metro Area
(DBN)

America's Affordable Housing Crisis
(DBN)

Hedgie Paulson seeks new mortgage payday
(DBN)

An Exception to the Fair Market Value Rule: Use the Foreclosure Sales Price for a Deficiency after a Third Party Purchaser
(DBN)

The Most Overvalued And Undervalued Housing Markets In America
(DBN)

There’s No Housing Bubble, but Places Like California Starting to Look Frothy
(DBN)

Crisp & Cole defendant gets 6 1/2 years
(DBN)

Hawaii County wants to begin foreclosure on failed Hokulia development
(DBN)

____________

Municipalities:

Detroit bankruptcy judge seeks more details on proposed $120M loan
(DBN)

Michigan Board OKs $120 Million Detroit Bond Sale
(DBN)

Detroit Case Judge Seeks Own Expert
(DBN)

Detroit seeking offers for private management of water and sewerage department
(DBN)

S&P cuts Detroit water and sewer bonds by 5 notches
(DBN)

Detroit Threatens to Cut Water Service to Delinquent Customers
(DBN)

Royal Oak Township could be next Chapter 9 bankruptcy
(DBN)

Is the grand bargain threatened?
(DBN)

Kevyn Orr: We kept 'Russian oligarchs, Brazilian millionaires' from grabbing DIA treasures
(DBN)

Detroit's Bankruptcy Exit Plan Threatens Its Financial Credibility
(DBN)

One Year of Orr: Detroit EM marks anniversary
(DBN)

Watertown School Officials Worry About Insolvency
(DBN)

Christie Retroactively Cuts State Pensions
(DBN)

5 Cities Most Confident in US Economy
(DBN)

10 of the worst states in which to spend retirement
(DBN)

The Happiest And Healthiest Cities In America
(DBN)

____________

Tax:

Supreme Court: Severance payments are taxable
(DBN)

____________

Consumer Finance:

Four out of five payday loans are rolled over or renewed --- Predatory Lenders Hook Consumers in ‘Debt Traps’
(DBN)

Payday loan borrowers pay more in fees than original loan
(DBN)

CFPB Payday Loan Rulemaking is Imminent and Will Target Repeated Borrowing
(DBN)

____________

Aviation:

Malaysia Says There Is Evidence Of A Final 'Ping' From The Missing Malaysia Flight --- Malaysia Jet Traced With Physics in Pizza-Fueled Inmarsat Huddle --- Yet more objects sighted in search for Flight 370 --- Jon Stewart's Brutal Takedown Of CNN's Missing Plane Coverage --- Malaysian Airlines jet: No hope? Anger rises amid demand for evidence --- Families of Flight MH370 Victims Issue Blistering Statement Against Malaysian Authorities --- There Will Be A Massive Legal Battle Over Missing Malaysia Flight 370 --- Potential liability for Malaysia Air crash depends, in part, on finding plane --- Court filing seeks information about Malaysia Air crash --- Investigators Believe Airliner Crashed in Pilot 'Suicide Mission' --- Australia Suspends Search for Plane
(DBN)

Malaysia Airlines staring at bankruptcy post MH370 tragedy? --- Airline Bound to Pay Over $40m in Damages
(DBN)

Malaysia Airlines and Boeing face $1.9 billion lawsuit
(DBN)

Will Malaysian Airlines need a government bailout?
(DBN)

3 Easy Ways To Save Money On Plane Tickets
(DBN)

____________

Oil/Gas:

NGP v. ATP: Should Overriding Royalty Interest Owners Be Concerned?
(DBN)

Global Geophysical Services Files for Reorganization in Texas
(DBN)

____________

Mass Torts:

Asbestos Plaintiffs Fight Ford on 'Misrepresentation' Evidence
(DBN)

GM's Seriously Huge Liability Trouble
(DBN)

Why GM May Never Pay a Dime in Liability Claims
(DBN)

Senator wants GM to set up fund for victims in ignition recall
(DBN)

How GM misled grieving families about deadly ignition flaw for years
(DBN)

GM Bailout Claims the Legal Rights of Americans
(DBN)

Lawmaker Accuses GM of “Criminally Deceiving” the Gov't
(DBN)

How [the old] GM betrayed its customers
(DBN)

The 'Sin' GM May Have Committed On Chevy Cobalt
(DBN)

GM told us 'nothing to this': Grieving father
(DBN)

____________

Telecoms:

LightSquared Lenders Protest Exclusion by Judge From Conference
(DBN)

____________

Opera:

San Diego Opera won't regroup in bankruptcy --- Stunned Opera Fans Want an Encore
(DBN)

San Diego Opera's Sudden Demise
(DBN)

____________

Celebs:

‘RHOBH’ star Kyle Richards denies knowing about the bankruptcy
(DBN)

Formerly-Bankrupt Michael Vick To Pass $100 Million In Career Earnings
(DBN)

____________

Imaging:

Kodak, continuing post- bankruptcy restructuring, pursues sale of its upstate NY business park
(DBN)

____________

Fishing:

Pescanova lenders could foil Damm's restructuring plan
(DBN)

____________

Publishing:

Judge sides with FLS, protects radio assets
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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)

______________

Exemptions:

U.S. Supreme Court Hears Bankruptcy Fight Over Inherited IRA Money
(DBN)

____________

Avoidance Actions:

Telling Clients to “Just Keep Paying” Won’t Cut It – Bankruptcy Court Claws Back Legal Fees as Constructively Fraudulent Transfers
(DBN)

____________

Secured Debt:

SCOTUS Cert Petition Filed On Underwater Ch. 7 Junior Lien Strip-Off
(DBN)

____________

Safe Harbors:

Contractual Terms in Swap Agreements Specifying a Liquidation Methodology Are Within Bankruptcy Code Safe Harbors
(DBN)

____________

TBTF:

U.S. banks enjoy 'too-big-to-fail' advantage: Fed study
(DBN)

____________

Litigation:

$100 Million Malpractice Action Filed By EBG On Behalf Of Bankruptcy Trustee Against Biglaw Firm Reinstated By Ninth Circuit
(DBN)

____________

Autos:

GM recall: A civil case or criminal prosecution?
(DBN)

____________

Healthcare:

Interfaith Medical Center files plan to exit bankruptcy
(DBN)

North Adams hospital closing, 500 jobs lost
(DBN)

Judge: Saint Catherine medical records can be transferred to Simon Kramer trust
(DBN)

One year after St. Pete company shutdown, employees still can't access 401K money
(DBN)

An American Posted His Hospital Bill Online, See Why Everyone’s Talking About It
(DBN)

____________

Banking:

Failed Bank D&O Litigation, Trends, and Economics
(DBN)

____________

Currency:

Mt. Gox says working with police in missing bitcoin probe
(DBN)

Mt.Gox clients are hopeless about their bitcoins
(DBN)

Thieves Swipe Nearly $70,000 From Bitcoin Exchange
(DBN)

IRS moves to tax bitcoins --- Bitcoin is 'Property,' Subject to Tax --- 1099s Are Required --- Bitcoin Currency Use Impeded by IRS Property Treatment
(DBN)

____________

Food/Beverage:

Judge reopens bidding in Sunland auction
(DBN)

____________

Student Debt:

Grad School Debt Surges Amid Lax Lending Laws --- Is grad school to blame for the student-loan crisis?
(DBN)

Don't Believe the Student-Loan Sob Stories
(DBN)

Will a For-Profit Degree Help You Get a Job?
(DBN)

____________

Golf:

Assignment of Rents May Not Allow Golf Course Lenders to See The Green
(DBN)

____________

Pensions:

Pension balance sheets stronger in 2013
(DBN)

____________

Alternative Energy:

County receives back taxes from Fisker
(DBN)

As KiOR crashes, it's another cautionary tale for energy innovation
(DBN)

____________

Gambling:

Revenue growth seen slowing at Indian casinos
(DBN)

____________

Sovereigns:

Argentine gov't praises support of France, Mexico, Brazil in vulture funds row --- Country and organizations support for Argentina's litigation with hedge funds increases
(DBN)

Singer's NML Sues Musk's SpaceX Over Argentina Contracts
(DBN)

____________

UK:

Deloitte CVA proposal approved at LA Fitness --- LA fitness creditors approve CVA plan
(DBN)

Women struggling to crack glass ceiling in top UK companies
(DBN)

____________

EU:

ECB's Weidmann opens door to quantitative easing
(DBN)

Silence on ECB's Bank Asset Review Tested by Legal Blind Spot
(DBN)

____________

PIIGS:

Spain proposes 2.3 billion euro rescue of failed motorways
(DBN)

Pescanova Lenders Said to Oppose Debt Restructuring Proposal
(DBN)

Portugal's January - February public deficit falls 83 percent
(DBN)

____________

Germany:

The Ex-Deutsche Bank Exec Who Committed Suicide In January Was 'Very Anxious' About Investigations Into The Bank
(DBN)

____________

Ukraine:

The West Is Drawing The Line At Crimea In Ukraine Crisis --- Obama Moves to Reassure Allies --- Russian deputy isolated after opposing Crimea annexation --- Ukraine Navy Defies Russia to the End --- Senate drops IMF reforms from Ukraine bill --- Historian explains ‘unsavory realities’ about Crimea: Putin is Russia’s Ronald Reagan
(DBN)

____________

China:

China Experiments With Allowing Debt Defaults
(DBN)

China sells bottled air to tourists
(DBN)

China official urges calm as depositors again line up outside rural banks
(DBN)

Default risks surge at China steel mills – survey
(DBN)

Spooked by defaults, China banks begin retreat from risk
(DBN)

____________

Bermuda:

Guide to insolvent liquidations in Bermuda
(DBN)

____________

Austria:

German banker to head up Hypo
(DBN)

Essl to sell art collection to save 4000 jobs
(DBN)

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