March 3, 2014

The Daily Bankruptcy News

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Law:

Will Legendary Law Firm Patton Boggs Be Swallowed or Evaporate?
(DBN)

Movement To Lower Law School Tuition Gains Steam
(DBN)

GW law school becomes less selective
(DBN)

Thomas Jefferson Offers Guaranteed 3-Year 'Merit' Scholarships: 2.0 GPA/140 LSAT = $3k; 2.5 GPA/158 LSAT = $132k
(DBN)

Law School Rankings by Net Bar Passage Required, Full-time, Long-term Jobs
(DBN)

Business of Law --- Business of Law (2)
(DBN)

Profits Spike at Davis Polk
(DBN)

DLA Posts Slight Gains in Revenue, Profits --- DLA Piper’s global revenue creeps up to $2.48bn
(DBN)

Another $1 Billion Year for Wilmer Cutler
(DBN)

So Who Is The Best Law Firm Brand? Skadden, of course --- Skadden Strongest U.S. Law Firm Brand Again
(DBN)

With bonuses and record revenue at HogLove, things are looking Bright
(DBN)

Unrest in Ukraine Ripples Through Global 100 Firms
(DBN)

Generation X’s impact on the legal industry | A blogger shares his wife’s lung cancer struggle
(DBN)

Why Lawyers Are Still Waiting for the Future
(DBN)

Misguided Big Law Lessons From a Harvard Law Study
(DBN)

This Partner Wants You To Dress Up So You Can Be A Tool Just Like Him
(DBN)

There Is No Success Without Labor Or Effort
(DBN)

Who’s Afraid Of The BogeySam?
(DBN)

Pace Hires Taxi Man As New Law School Dean
(DBN)

Litigant Shows Judge His A-- In Court
(DBN)

12 Phrases You Should Never Say In A Professional Context
(DBN)

Justices May Weigh Reporter's Privilege for First Time in Decades
(DBN)

Injured lawyer pulls surviving colleagues from burning plane crash wreckage
(DBN)

Daughter’s Facebook Overshare Costs Dad $80,000?
(DBN)

Louie Gohmert: Black People Won Their Freedom to Discriminate Against Gay People
(DBN)

Trial in Carnival Triumph’s ‘floating hell’ underway in Miami
(DBN)

Men Rob Pregnant Woman In Labor At Gunpoint
(DBN)

104-Car Pileup
(DBN)

Meme Files Lawsuit
(DBN)

______________

Judges:

Public Comment Invited on the Reappointment of U.S. Bankruptcy Judge Alan Jaroslovsky
(DBN)

Public Comment Invited on the Reappointment of U.S. Bankruptcy Judge Sheri Bluebond
(DBN)

Public Comment Invited on the Reappointment of U.S. Bankruptcy Judge W. Richard Lee
(DBN)

Bankruptcy Judge Vacancy/Western Louisiana
(DBN)

SCOTUS on YouTube: Now, how about real cameras?
(DBN)

Judge Questions Basis for Ethics Charges
(DBN)

Court ban on PJs, fuzzy slippers, attire with ‘obscene language’ and more based on actual incidents
(DBN)

Told by judge to pull up sweatpants, defendant ‘dropped trou’ on way out of court, gets 10 days
(DBN)

The Supreme Court Protester Speaks!
(DBN)

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Wall Street:

Stocks Drop as Havens Sought on Crimea --- Stocks: Hit by rising turmoil in Ukraine
(DBN)

Markets Are Going Down
(DBN)

S&P 500 ends February at record high
(DBN)

From ‘Fabulous Fab’ to Teaching America’s Youth: Fabrice Tourre Is Back
(DBN)

______________

Layoffs:

IBM braced for fresh US job cuts
(DBN)

3 Top Tricks Of Successful Job Seekers
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Health Care:

NRMC staff raise payment concerns
(DBN)

Holyoke Geriatric Authority board has discussed bankruptcy with lawyer and Mayor Alex Morse says sale, receivership, state takeover also possible
(DBN)

Look Where The US Is On This Chart Of Life Expectancy vs Healthcare Spending
(DBN)

Gadsden Etowah EMS surrenders transport license, files bankruptcy
(DBN)

Dizzying array of options in Obamacare can lead to expensive mistakes
(DBN)

____________

Currency:

Almost Half a Billion Worth of Bitcoins Vanish --- Mt Gox CEO Confesses: The Bitcoins Are Gone --- Hackers stole $437M worth of bitcoins in 'tinker toy' currency mess --- Bitsleuths Start Hunt for Mt. Gox's Missing Bitcoin --- Geek treasure hunt begins as bitcoins disappear --- Death knell: Erosion of faith
(DBN)

You Don't Need A Nobel Prize To Be Wrong About Bitcoin, But It Helps
(DBN)

Mt. Gox Could Follow Japan Bankruptcy With U.S. Case --- U.S. Bankruptcy Courts Could Offer Relief to Troubled Mt. Gox
(DBN)

Jon Stewart Hilariously Explains Bitcoin And The Mt Gox Bankruptcy
(DBN)

The Bitcoin Blasphemy
(DBN)

Bitcoin Exchange Looks Into Criminal Complaint
(DBN)

Fortress loses $8m on Bitcoin investment
(DBN)

Mt. Gox was always dead in the water
(DBN)

Mt Gox opens call center to deal with frantic bitcoin customers --- Mt. Gox Call Center Leaves Bitcoin Customers Lost in Translation
(DBN)

A bit(coin) confused? You're not alone
(DBN)

One Bitcoin address may have sunk Mt. Gox
(DBN)

Mt. Gox Bitcoin CEO Can't Stifle Grin as he Bows in Apology for Bankruptcy? --- Embattled Bitcoin Guru Squints in the Spotlight
(DBN)

Mt. Gox collapse spurs calls to regulate Bitcoin
(DBN)

Illinois native seeks legal action against bankrupt Mt Gox in class-action suit
(DBN)

____________

Retailing:

Ohio-based women's retailer Dots closing all stores
(DBN)

Women's clothing retailer DOTS going out of business sale
(DBN)

Grand plans give way to sad ending at Dots
(DBN)

Soaring Luxury-Goods Prices Test Wealthy's Will to Pay
(DBN)

Power Force Apparel files Chapter 11 bankruptcy
(DBN)

Sears looks for possible breach as Secret Service said to assist
(DBN)

Sbarro Said to Prepare Bankruptcy Filing as Mall Traffic Slows
(DBN)

The downfall of Redmond’s Altrec; Cyberattack started company’s descent into bankruptcy
(DBN)

____________

Furniture:

Judge requires Furniture Brands to set up utilities account
(DBN)

Another 14 Thomasville corporate stores closing
(DBN)

Finger Furniture files Chapter 11, liquidating assets
(DBN)

____________

Electricity:

Buffett Lost $900 Million on TXU --- Buffett Says Energy Future Will Probably Seek Bankruptcy
(DBN)

Tucson Electric parent halts bankruptcy hoax
(DBN)

____________

Celebs:

Teresa and Joe Giudice set to reach plea deal on 41 charges of fraud
(DBN)

____________

Economy:

Bankruptcy Is An Important, Under-Appreciated Part Of American Capitalism
(DBN)

US economic growth revised sharply downward --- Economy Expanded at Slower Pace Than First Estimated
(DBN)

Gov't Austerity Still Crushing GDP
(DBN)

Here's The Story About The Economy That Liberals Don't Want To Hear
(DBN)

US Fed searches for a new method of offering guidance
(DBN)

Obama Heads to Road to Push $10.10 Minimum Wage
(DBN)

Warren Buffett Gets Away With Paying His Employees Less By Using This One Weird Trick --- Buffett blames investment mistake on 'not asking Charlie' --- Warren Buffett Sets Fresh Goal as Berkshire Hathaway Misses Five-Year Target --- Warren Buffett 'moves goalpost' after missing key target
(DBN)

Mohamed El-Erian Has A Fascinating Theory For Why Companies Aren't Spending More Money
(DBN)

Why The Economy Sucks
(DBN)

US Debt Clock
(DBN)

The Wealth Gap Is Painfully Obvious In Washington D.C.
(DBN)

Why Wall Street Probably Isn't That Worried About The Proposal To Tax It
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

US pending home sales flat in January
(DBN)

Homeowners: 4M More Above Water
(DBN)

Debtors' Delusions of Bankruptcy
(DBN)

Tampa Port Authority board still eager to buy Channelside
(DBN)

Co-founder of defunct Chicago escrow company indicted on federal fraud charges
(DBN)

____________

Municipalities:

Detroit bankruptcy's bedrock dispute: Kevyn Orr talks tough as pensions cry foul --- Kevyn Orr on the DIA-pension rescue fund --- Public pension reform in Detroit: Many options — and all of them painful --- Detroit benefit cuts get painfully personal for survivors
(DBN)

Fitch drops Detroit water, sewer debt to junk
(DBN)

Need for speed in Chapter 9 butts up against Detroit slow-walk labor talks tradition
(DBN)

Detroit's financial situation is dire, but it's hard to see how retirees can survive such deep proposed cuts
(DBN)

Terms of the proposed pension deals in Detroit's restructuring plan
(DBN)

The Economist Calls Kevyn Orr's Bankruptcy Plan 'Revenge Of The 99%' --- Revenge of the 99%: A plan for creditors that spares pensioners and sticks it to bondholders
(DBN)

Detroit creditors want more time to vet city's bankruptcy plan
(DBN)

Do you tell them you're from Detroit — or hide it?
(DBN)

Detroit to mail ballots to 170,000 creditors to vote on bankruptcy plan
(DBN)

TARP Funds Demolish Homes in Detroit to Lift Prices
(DBN)

5 key unresolved factors in Detroit's bankruptcy
(DBN)

Motown revival: Detroit's first steps towards urban renewal
(DBN)

Detroit bond insurer: Sell off the art --- Fight over DIA art looming --- Bankrupt Detroit Could Face Long Legal Battle Over Art Collection
(DBN)

Creditor Objects to Stockton, Calif., Bankruptcy Plan
(DBN)

Judge Says City Not Liable For Mamtek Bonds
(DBN)

Seven Counties pensions in focus as bankruptcy case heads to trial Monday
(DBN)

Outgoing mayor sees 'incredible' future for San Bernardino
(DBN)

Bankrupt Cities? What About Distressed Cities?
(DBN)

Rating agencies struggle with murky muni market
(DBN)

Detroit Bankruptcy Prods Cities to Target Pensions
(DBN)

Municipal Bonds Regain Popularity
(DBN)

Buffett: Here Comes 'A Lot Of Bad News' About Public Pensions --- Pension Tapeworm Means Decade of Bad News
(DBN)

___________

Awards:

American College of Bankruptcy Announces 2014 Distinguished Law Students
(DBN)

____________

Fraud:

Supreme Court Doesn't Help Madoff Trustee
(DBN)

Ex-employee says Madoff 'told me what to do' --- Madoff Employee Wasn’t Splurging On Things Except When She Was Buying Bentleys, Benzes and Luxury Condos In Boca --- Madoff Secretary: What's a Ponzi scheme?
(DBN)

Two Executives Indicted In Alleged $190 Million Equipment Financing Fraud Scheme That Caused $100 Million Loss To Lenders
(DBN)

Martoma Asks for Acquittal or New Trial
(DBN)

____________

Personal Finance:

10 Men's Style Rules To Live By
(DBN)

6 Tricks For Waking Up Early
(DBN)

45 Successful People Share The Best Advice They've Ever Received
(DBN)

____________

Religion:

Attorneys' Advice on Representing Religious Organizations in Chapter 11
(DBN)

Helena: Catholic church will name 50+ priests who abused 100s of children in state--- Lawyers: Abusers to be named in settlement with Catholic church of western Montana
(DBN)

Helena Catholic Diocese faces tough decisions as it negotiates bankruptcy
(DBN)

Bishop hopes for rebuilding church after settlement
(DBN)

____________

Distressed Investing:

‘You Don’t Need a Global Recession’ to Be Distressed Investor, Says Leon Black
(DBN)

____________

Ethanol:

CEO Todd Becker has faith in the future of ethanol producer Green Plains
(DBN)

____________

Mass Torts:

In New Orleans courts, the legal gusher BP cannot contain
(DBN)

Lawsuit filed in Boone County against West Virginia American Water
(DBN)

____________

Student Debt:

Student Loans Ruining Lives and Economy
(DBN)

Student Loans Entice Borrowers More for Cash Than a Degree
(DBN)
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____________

Tax:

Credit Suisse and U.S. Senate disagree over Swiss banking secrecy laws
(DBN)

The United States of Income Tax
(DBN)

California Couple That Found $10 Million in Gold Coins Faces 47% Tax Rate
(DBN)

____________

Telecoms:

LightSquared Lenders Seek Ergen ‘Bait and Switch’ Papers
---Judge says Dish and Ergen must turn over certain documents
(DBN)

Sorenson Communications files for bankruptcy
(DBN)

____________

Alternative Energy:

Almost $1 billion in claims filed against bankrupt Fisker
(DBN)

____________

Debt Collection:

International Asset Recovery Enforcement Strategies
(DBN)

Debt Collection Complaints and Regulation: Last Chance to Comment on ANPR
(DBN)

____________

Fishing:

Rabobank filed bankruptcy petition against Salmon Colbun
(DBN)

____________

New Bankruptcy Opinions
(No new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (53 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (7 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)

Avoiding Bankruptcy for Small Businesses in Financial Distress
(DBN)

______________

Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Compensation:

Utilizing Pre-Approved Retainers Under Code Section 328
(DBN)

____________

Miscellaneous:

Forward Motions
(DBN)

____________

Credit Bidding:

Credit Bidding: Secured Creditors Face New Risks
(DBN)

Fisker Automotive: Narrow Decision Limiting Credit Bidding Rights Where the Scope and Validity of Creditor’s Lien Was in Question
(DBN)

____________

Appeals:

A Bankruptcy Court’s Newly Founded Ability to Certify Questions of Law, Namely Involving Corporate Law Issues, to the Delaware Supreme Court
(DBN)

____________

Sales:

Bankruptcy Sales: Acquiring Related Contracts (Whether the Debtor Cooperates or Not)
(DBN)

____________

Recent Pleadings:

Green Field Energy: Committee Opposes Exclusivity Extension - No Going Concern Business Purpose, Debtors Are "Interlopers"
(DBN)

______________

Aviation:

United Has Canceled 22,500 Flights This Year
(DBN)

Do airlines face a pilot shortage or a salary problem?
(DBN)

Now May Be a Good Time to Bail Out of Frequent-Flier Programs
(DBN)

____________

Environmental:

New Decision Highlights Split in Authority Over Priority of Environmental Fines in Bankruptcy
(DBN)

NY state, Kodak cleanup plan gets OK from feds
(DBN)

____________

Food/Beverage:

Mamtek trustee scolds former CEO for seeking escrow money
(DBN)

____________

Hollywood:

Visual Effects Artists Behind The Hobbit Are Picketing the Oscars
(DBN)

____________

Corporate Reform:

Flashback: 1992 Cover Story: How Corrupt is Wall Street?
(DBN)

Reforming the CFPB: Kabuki Theater
(DBN)

____________

Sovereigns:

A sovereign story: the Argentine experience
(DBN)

____________

UK:

Ex-Bridge insolvency partner and accountant sent to prison
(DBN)

UK Mortgages Soar With House Prices as Economy Strengthens
(DBN)

Does an improving economy mean a zombie cull?
(DBN)

____________

EU:

Weak inflation proves headache for ECB: Analysts
(DBN)

Manufacturing Eases in Eurozone
(DBN)

____________

PIIGS:

ie: Young and old, they come seeking a way out of debt --- Seán Dunne was sued by wife over €100m --- Sean Dunne gifted wife €60 m to buy house --- Ireland's most expensive house --- Bankruptcy group defends €3k fee it charges distressed borrowers --- Severity of Irish construction slump worries government
(DBN)

Rome spared bankruptcy as Italy approves €500m rescue --- Restaurant that invented Tiramisù to close down
(DBN)

Spain dumps stake in €20bn 'catastrophe bank' --- Spain's Royal wedding cake baker battered into bankruptcy --- Discharge, Yes...But, How Much?
(DBN)

____________

China:

Official PMI falls to eight-month low --- HSBC China PMI Falls To 48.5
(DBN)

The Hong Kong New Companies Ordinance: Director Liability and D&O Insurance Implications
(DBN)

____________

Ukraine:

Russia Took Crimea — What Happens Next Is Critical --- Russian parliament gives Putin approval to invade Ukraine --- Ukraine Mobilizes for War --- NATO warns that Russia is risking Europe's peace and security --- Why Crimea Matters --- Ukraine Crisis Escalation: Analysts and Investors React --- IMF mission to start work in Ukraine on Tuesday --- The Hilarious Way Russia's Official Propaganda Network Covers The Situation In Ukraine --- How Crimea Is Different From the Rest of Ukraine --- Ukraine Tells Russia Invasion Means War as Putin Makes Plans --- Schumer: U.S. Has 'Economic Options' To Pressure 'Bully' Putin --- Putin To Obama: Here's Why We're Intervening In Ukraine --- Obama To Putin: Withdraw Your Troops --- Obama Tells Putin U.S. Halts G-8 Planning on Ukraine Call --- G-7 Leaders Condemn Russia In Scathing Statement --- Why Crimeans Prefer a Crook as a President --- Kerry: Putin's 'Incredible Act Of Aggression' Will Bring US Repercussions --- Kerry Says U.S. Weighing Sanctions on Russia --- GOP Senators Blast 'Tyrant' Putin, And Urge Obama To Respond --- The West Has No Good Options For Stopping Russia In Ukraine --- Putin's Crimea Aim Is To Make The West Look Weak --- Putin Grab for Crimea Shows Trail of Warning Signs West Ignored --- Ukraine Has Ordered Its Armed Forces To Be Combat-Ready
(DBN)

Investors Desert Russian Stocks --- Russia Pays The Price: Its Stock Market Is Crashing And Its Central Bank Was Forced To Hike Rates
(DBN)

____________

Japan:

Japan's Ambitious Economic Revival Plan Is Running Into Big Problems --- Key Tokyo index down 1.8% on Ukraine fears
(DBN)

____________

MENA:

UAE Bankruptcy Law Key For Business Growth
(DBN)

____________

Austria:

Treichl: „Not Afraid of Hypo Group Bankruptcy“
(DBN)

____________

Mexico:

Paul Hastings Advises Ventura Capital Privado S.A. de CV in the Takeover and Restructuring of Maxcom Telecomunicaciones, S.A.B. de C.V.
(DBN)

____________

Australia:

Watchdog shies away from enforcement
(DBN)

Australia's Manufacturing Continues To Contract As Exports Collapse
(DBN)

____________

MENA:

Strikes sweep Egypt as economy struggles
(DBN)

Obama to Israel: Time is Running Out
(DBN)

Ultra-Orthodox Jews Stage Mass Protest Against Israeli Draft Law
(DBN)

____________

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