May 14, 2014

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Energy Future Unsecured Creditors Form Ranks, Hire Morrison & Foerster
(DBN)

Respected Biglaw Firm Plans To Suck Up Almost 40 Jobs With Buyouts
(DBN)

Mintz Levin Names New Bankruptcy Partner
(DBN)

Trustee Has Questions on Firms' Roles in Casino Bankruptcy
(DBN)

Winter Park bankruptcy lawyer pleads guilty in tax case
(DBN)

Law Firm Competitive Intelligence: Q&A
(DBN)

Patton Boggs defends role reversal in Chevron case
(DBN)

Beyond Biglaw: The Personal Touch
(DBN)

Once-prominent KC lawyer pleads guilty to money laundering
(DBN)

Top Law School Admitted Dozens Of Unqualified — But Politically Connected — Students
(DBN)

Law School Sends Phony Email Threats During Finals Because It Hates Students
(DBN)

Sad Ivy League Law Grad Says: ‘So Many Years Of Schooling Have Led Nowhere, Just To Debt.’
(DBN)

Law school chief chides faculty; buyouts reached
(DBN)

Man pleads guilty to attempted murder in attack on law professor
(DBN)

3 Problems With PowerPoint As Used By Lawyers
(DBN)

So You Are a 1 Percenter
(DBN)

FBI calls missing lawyer ‘armed and dangerous’
(DBN)

Lawyer shot at his home was targeted for theft by acquaintance and 3 others, say authorities
(DBN)

Man is freed after 34 years in prison; DA agrees to vacate sentence based on ‘shameful’ misconduct
(DBN)

The Best Apps to Pay Friends Back
(DBN)

Top London solicitor and law student who worked as prostitute sent each other ‘behaviour contracts’
(DBN)

How A Men's Dress Shirt Should Fit
(DBN)

The Most Expensive iPhone And iPad Apps In The World
(DBN)

Forced catheterization alleged; suit says cops wanted quicker urine sample after traffic stop
(DBN)

Cops: Woman Jailed For Calling 911 Because Subway Made Pizza Wrong
(DBN)

Cell Phone Video Shows Police Choking, Kicking 6th Graders
(DBN)

The 5 New Rules For Tipping While Traveling
(DBN)

68 lawyers charged with blasphemy
(DBN)

______________

Judges:

Federal District Judge: Supreme Court Partisanship "Disturbing" - "Scares the living crap out of me"
(DBN)

Obama Has Started Making Major Progress on Nominating Judges—and This Is His Most Important One Yet
(DBN)

Court garage sale, case delays and long lines are result of California cost cuts
(DBN)

______________

Wall Street:

U.S. Stock -Index Futures Are Little Changed After Record
(DBN)

______________

Layoffs:

700,000 Jobs at Risk If Highway Trust Fund Falters
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Corporate Reform:

Attorney General Holder Tightens the Squeeze on Banks
(DBN)

____________

Banking:

Big Banks and the Rise of Corporate Impunity
(DBN)

____________

Aviation:

Flight cancellations this winter worst in decades
(DBN)

____________

Electricity:

Energy Future Creditor Committee Includes Plan Opponents
(DBN)

MoFo’s Peck Picked by Energy Future Committee: Business of Law
(DBN)

____________

Rail:

Lac-Megantic: a lawyer for one of the accused says arrest was over the top
(DBN)

____________

Student Debt:

Sallie Mae Prepping to Pay $173 Million in Penalties for Alleged Borrower Violations
(DBN)

____________

Lehman:

Lehman’s Remains Reap Billions for Hedge Funds
(DBN)

___________

Weddings:

Jilted by a wedding venue: How to protect yourself
(DBN)

____________

Religion:

Court Sets August Deadline for Sex Abuse Claims Against the Diocese of Stockton
(DBN)

____________

Chemicals:

Momentive files reorg plan; disclosure-statement hearing set for June 19
(DBN)

____________

Economy:

US March business inventories up 0.4%
(DBN)

Looks Like the Economy is About to Roar
(DBN)

Tim Geithner Says Having Elizabeth Warren Set Up the CFPB Was His Idea --- Geithner's Book Facing Lots of Blowback --- Tim Geithner Fires Back At His Many, Many Critics --- The bigger beef between Tim Geithner and his critics --- An excerpt from Timothy Geithner's 'Stress Test'
(DBN)

This Is What $11.65 Trillion Worth Of Household Debt Looks Like
(DBN)

The 15 Wealthiest Zip Codes In America
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Housing regulator signals shift in policy on Fannie, Freddie
(DBN)

More Homes are Beyond Reach of Middle Class
(DBN)

Here We Go Again: Looser Mortgage Rules
(DBN)

Geithner: We Didn't Have Great Options on Housing Relief
(DBN)

A U-Turn On the Path to Fannie and Freddie's Future
(DBN)

Watt Reverses Efforts to Shrink Fannie Mae, Freddie Mac
(DBN)

LA: Home prices rise in April, but gains ease amid sales slump
(DBN)

Scammers renting out foreclosed homes across Vegas
(DBN)

Hawaii development Hokulia to emerge from Ch. 11 bankruptcy
(DBN)

Wells Fargo Must Answer for Failed Home Loans, U.S. Says
(DBN)

___________

Municipalities:

Orr tells Michigan lawmakers: 'We need your money' --- Orr: State Money Key to Healing Detroit
(DBN)

Business must ante up to get Detroit out of bankruptcy fast
(DBN)

Poll: Results show voters want state money earmarked for pensions, art --- Support for state funding crosses geography, political leanings
(DBN)

A bad bailout or a good investment? Non-Detroiters weigh in on state aid proposal
(DBN)

Attorney general likely to drop challenge to Detroit pension cut if retirees approve them
(DBN)

Next step for bankrupt Detroit: Ending abandoned home crisis
(DBN)

Detroit 3 consider aid to art museum in city's bankruptcy
(DBN)

DIA tells bankruptcy judge: Inspecting art puts it at risk
(DBN)

Bankruptcy judge rips Detroit's law firm for sharing confidential info
(DBN)

Duggan acknowledges limited role in Detroit budget
(DBN)

Chafee blasts Block, Fung on 38 Studios debt
(DBN)

RI Gov: We can't let credit agencies devastate us
(DBN)

RI: The bond-default debate --- Chafee: Pro-default GOP hopefuls 'unfit' to serve --- Chafee blasts Block, Fung for favoring default
(DBN)

Pittsburgh: Peduto: City's Financial Situation Is 'Grim But Solvable' --- Budget shortfall of $60M
(DBN)

Stockton bankruptcy battle may foreshadow Detroit showdown
(DBN)

Stockton bankruptcy judge to decide if pensions should share losses --- Judge focuses on pension contract
(DBN)

Day 2 of Stockton's bankruptcy trial wraps up
(DBN)

Philadelphia: America's Poorest Big City
(DBN)

____________

Retailing:

Retail sales slow, but growth outlook still upbeat
(DBN)

Bankruptcy Could Soon Be RadioShack Corporation's Best Option
(DBN)

Sears Considering Selling Its Canadian Operations
(DBN)

____________

Celebs:

Alec Baldwin Taken Into Police Custody For Biking On The Wrong Side Of The Road --- 'Belligerent' --- 'They don't even know who I am'
(DBN)

Donnan says he won't testify
(DBN)

Jury deliberations to start in Donnan trial
(DBN)

Judge: Where is Casey Kasem?
(DBN)

Teresa and Joe Giudice celebrating after $260k mortgage fraud case against him is dropped
(DBN)

____________

Politics:

Bill would force Congress to fly coach
(DBN)

____________

Video Games:

Analyst to go before panel on 38 Studios report
(DBN)

____________

Shipping:

Genco Shipping equity panel seeks to delay plan hearing by 45 days
(DBN)

____________

Personal Finance:

24 Ways To Pay Off Your Debt Faster
(DBN)

____________

Tax:

IRS paid $13b in bogus credits, inspector says
(DBN)

____________

Healthcare:

Only hospital in Nicholas County shutting down
(DBN)

Philly CCRC Seeks Buyer, Re-Org Following Bankruptcy Filing
(DBN)

Morehead Memorial Hospital to cut 22 positions
(DBN)

____________

New Bankruptcy Opinions
(2 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 (44 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)

______________

Jurisdiction:

In re Bellingham Insurance Agency: To "Protect" the Article III Jurisdiction of the District Courts, the Supreme Court May Radically Alter the Bankruptcy System (and Toss Out the Federal Magistrate System To Boot)
(DBN)

____________

Avoidance Actions:

ResCap Sues to Recover Money Paid Before Bankruptcy
(DBN)

____________

Plan Confirmation:

Post Confirmation Loan Documents: What Happens If The Parties Don’t Agree?
(DBN)

____________

Trustees:

5th Circuit affirms bankruptcy trustee standing in qui tam case
(DBN)

____________

Credit Bidding:

Recent Challenges to Credit Bidding - A New Trend?
(DBN)

____________

Appeals:

How NOT To Argue That A Court Should Avoid Creating A Circuit Split
(DBN)

____________

Insurance:

Corporate Employment Practices and D&O Liability Exposure
(DBN)

____________

Aviation:

Ranked: The Best Frequent Flyer Programs In America
(DBN)

__________

Mass Torts:

Asbestos bankruptcy trust transparency bill introduced in Senate
(DBN)

Lawsuit accuses Bishop Cronin of not supervising priest accused of abuse
(DBN)

Wal-Mart settles with Colorado cantaloupe victims
(DBN)

____________

Currency:

At Least A Hundred Million Dogecoins Are Believed To Have Been Stolen
(DBN)

Bitcoin needs regulatory framework to change "risky" image
(DBN)

____________

Television:

No movement on CSN Houston carriage deal
(DBN)

___________

Heating Oil:

Norton Oil Co. creditors seek foreclosure, payment of more than $400,000
(DBN)

____________

Fraud:

Claims on Madoff Victim Fund Reach $40B
(DBN)

Madoff victim fund swamped with claims
(DBN)

Nearly 52K seek relief from Madoff Victims Fund
(DBN)

Former Sentinel CEO Asks Judge to Overturn Fraud Conviction
(DBN)

Geithner Ordered To Give S&P Documents In US Fraud Lawsuit
(DBN)

SEC lawsuit on $300 million Ponzi scheme too late, judge rules
(DBN)

Another Broward Sheriff's Deputy Admits To Being In Scott Rothstein's Pocket
(DBN)

____________

UK:

UK Unemployment Hits 5-Year Low
(DBN)

____________

EU:

Time for Draghi to open the sluice
(DBN)

The ECB Is Finally Ready To Act
(DBN)

____________

PIIGS:

US judge seeks list of Drumm's alleged frauds
(DBN)

Spain’s Codere Says Latest Restructuring Deadline May Be Missed
(DBN)

____________

Canada:

Court Clarifies Principles for the Distribution of Sales Proceeds and the Allocation of Costs in Receivership Proceedings
(DBN)

Canadians Getting Mixed Messages on Debt
(DBN)

____________

Germany:

Berlin halts €320m sale of bailed out bank Depfa to US buyer
(DBN)

____________

Japan:

Sony Sinks to $1.3B Quarterly Loss --- Sony CEO to take up to a 50 percent pay cut
(DBN)

____________

Ukraine:

Ukraine Carve-Up Risks Debt Default
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2014