May 28, 2014

The Daily Bankruptcy News

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Law:

Berger Singerman's Business Reorganization Team Receives High Rankings In The World-Famous Chambers USA 2014 Guide
(DBN)

Patton Boggs and Squire Sanders Follow Unusual Course --- So Long Sanders: Squire's Founding Partner Tossed in Tie-Up --- Squire Patton Boggs: Who Will Stay, Who Will Go, Who Will Be Pushed
(DBN)

Latest Stutman Refugee Heads to Utah Firm
(DBN)

Business of Law
(DBN)

Why Law Firms Are Starting to Think Like Media Companies
(DBN)

Beyond Biglaw: A Champion Arises….
(DBN)

LawProse Lesson #165: “Ruling” vs. “opinion” vs. “judgment,” etc.
(DBN)

A Tale of 2 Associates: How polish and attention to detail can win the motion
(DBN)

University of Arizona Law School Woos Bargain Hunters With Tuition Drop
(DBN)

Closing The Loop On Silly New Law School
(DBN)

Charleston School of Law founders withdrew $25 million in profits leaving school on shaky financial ground
(DBN)

Dean Resigns Abruptly at Indiana Tech Law School
(DBN)

Who owns the law? Technology reignites the war over just how public documents should be
(DBN)

Law firms are sponsoring incubators, cozying up with young entrepreneurs
(DBN)

Be vigilant about protecting sensitive client data with these tools
(DBN)

How To Move Firm Tech to the Cloud
(DBN)

How To Use Your iPhone As a Voice Recorder
(DBN)

Onetime inmate gets his law degree after settling wrongful conviction suit for $3.4M
(DBN)

Bank of America Said Hired by Sterlings to Sell NBA Clippers
(DBN)

This Law Student Will Bang Your Boyfriend If You Mess With Her Stuff
(DBN)

A Father Found Out His Daughter Had Been Killed By The Santa Barbara Shooter By Tracking Her iPhone
(DBN)

Father Of California Shooting Victim: 'I Don't Give A S— That You Feel Sorry For Me ... Get To Work And Do Something' --- Joe the Plumber : 'Dead kids don't trump ' gun rights --- Slaying of son in killing rampage catapults lawyer to forefront of gun-control debate
(DBN)
(DBN)

What Is ‘Hummus’ Anyway?
(DBN)

ADA Takes 14 Bachelors on a Group Date and Makes them Strip
(DBN)

1st Circuit says woman had right to video traffic stop, OKs civil rights suit against police
(DBN)

State bars may probe applicants’ behavior, but not mental health status, says DOJ
(DBN)

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Judges:

Delaware Bankruptcy Judge Walsh to Retire
(DBN)

Vacancy Announcement - Bankruptcy Judgeship - District of New Jersey (Newark)
(DBN)

Three Judges From Same Court Busted For DWI
(DBN)

It's Scalia v. Law Schools
(DBN)

Police seek suspect for allegedly abducting a judge from home
(DBN)

Following recusals, chief judge on U.S. patent court steps down from lead role
(DBN)

SCOTUS decisions are works in progress; revisions are sometimes made years later, study finds
(DBN)

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Wall Street:

Stock futures up as investors gauge life in rally
(DBN)

Markets Are Quiet
(DBN)

Stocks surge as S&P 500 closes at new record high
(DBN)

Citigroup Warns Its Trading Revenue Could Plunge 25% In Q2
(DBN)

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Layoffs:

RBS to cut hundreds of jobs in U.S. trading businesses
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Healthcare:

Bidding Procedures, Dates Approved In Fairmont General Hospital
(DBN)

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Fraud:

Obama sides with banks in Madoff dispute
(DBN)

Madoff Is Back, And You're Going To Want To Invest In Him
(DBN)

Judge frees wife of TelexFree owner accused of fraud
(DBN)

TelexFree to Get a Bankruptcy Trustee Soon as Fraud Charges Loom
(DBN)

TelexFree, accused of Ponzi scheme, has numerous creditors
(DBN)

Ex-Goldman trader Tourre won't appeal SEC fraud case verdict
(DBN)

Money seized in DBSI case in dispute
(DBN)

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Food/Beverage:

Border Foods is selling off its Minnesota Pizza Huts
(DBN)

Mi Pueblo set to emerge from Chapter 11
(DBN)

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Autos:

Canada Investigating Crashes Tied to GM Recall
(DBN)

Why GM recall death toll will rise
(DBN)

Did the Bailout Ruin GM?
(DBN)

Total recall
(DBN)

The imperfect math of the automobile recall
(DBN)

GM pressured to disclose how it counted recall deaths
(DBN)

A Woman Spent 10 Years Thinking It Was Her Fault Her Saturn Crashed
(DBN)

Tesla Motors given junk credit rating by Standard & Poor's
(DBN)

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Economy:

U.S. consumer confidence edges up in May --- Second-Highest Since 2008 --- Consumer-confidence rise masks housing caution
(DBN)

The Problem With Piketty's Inequality Formula --- 'Financial Times' Picks Apart Picketty, Sparking An Argument --- Piketty Says He Was Ambushed
(DBN)

Durable Goods Orders Increase
(DBN)

Report: Irresponsible Spending Has Little Influence on Credit Card Debt - What does: Lack of insurance coverage, Expenses for children and Unemployment
(DBN)

Mark Carney warns of dangers of growing inequality
(DBN)

The Most Expensive Places In America
(DBN)

8 Months After Learning To Code And Launching An App, Leo The Homeless Coder Is Still Homeless
(DBN)

Airbnb And Uber Are Terrible For The Economy
(DBN)

US data, ECB easing bets feed risk appetite
(DBN)

IMF: Banks Haven't Changed Since Crisis
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Rents in Bankruptcy: Grab While You Can and You May Hold A Winning Hand
(DBN)

Mortgage Probes Shift to Smaller Banks
(DBN)

RBS slashes US mortgage business, hundreds of jobs
(DBN)

Judge tentatively approves August Wilson Center sale to NY developer --- Judge OKs sale of August Wilson Center; hotel feasibility study to begin
(DBN)

Rents being slashed at 1 World Trade Center
(DBN)

Arizona developer, family accused of $20 mil fraud over 20 years
(DBN)

The 10 Happiest Suburbs In The US
(DBN)

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Municipalities:

Detroit defends its plan to emerge from bankruptcy
(DBN)

Detroit far from sealing Chapter 9 deal
(DBN)

Eliminating blight could cost bankrupt Detroit more than $850 mln --- Eradicating Detroit Blight May Cost $2 Billion, Report Says --- Task Force Clearing Detroit of Blighted Properties --- Detroit's emergency manager may buy historic home in city auction, doesn't plan permanent move
(DBN)

A Call to Tear Down 10 Percent of Detroit's Buildings, Right Now --- Why bankrupt Detroit wants to destroy nearly one-quarter of its houses --- Report identifies 84,641 structures and vacant lots in Detroit that need help --- Highlights & recommendations
(DBN)

White House to review Detroit blight report
(DBN)

DIA Statement: Supports Grand Bargain, Raises Objections To Detroit Creditors’ Demands --- DIA: Detroit barred by own laws from selling art
(DBN)

Should Detroit Sell Off Assets in Bankruptcy Deal?
(DBN)

Lansing Ignores Koch Brothers, Supports Detroit’s ‘Grand Bargain’
(DBN)

States Intervene When School Districts Hit Financial Trouble
(DBN)

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Compensation:

Top-paid CEOs get 400% raises — you'll get 2.9% --- The CEO got a huge raise. You didn't. Here's why.
(DBN)

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Currency:

Bankruptcy Judge Rejects Complaints Over Potential Mt. Gox Deal
(DBN)

Report Claims Bot Manipulated Bitcoin Price on Mt. Gox
(DBN)

Mt. Gox Operator Looks to Sell Bitcoin Trademarks
(DBN)

US Court Decision May Prompt More Mt. Gox Revival Bids
(DBN)

MtGox Operator Tibanne to Sell Trademarked Word 'Bitcoin'
(DBN)

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Aviation:

Rock Airport of Pittsburgh submits new plan capitalizing on energy lease to U.S. Bankruptcy Court
(DBN)

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eCommerce:

Pricey coders push firm into bankruptcy
(DBN)

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Telecoms:

LightSquared Needs More Mediation to Develop Plan
(DBN)

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Financial Advisers:

How advisers bounce back from bankruptcy
(DBN)

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Electricity:

Energy Future Says Fidelity May Fund $500 Million of Loan
(DBN)

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Education:

For-Profit Colleges Face Test From State, Federal Officials
(DBN)

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Celebs:

Jay-Z Has More Important Things To Do Than Sit Down For Some Dumb Deposition
(DBN)

Getting Out of Jury Duty Is Easy When You're Madonna
(DBN)

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Tax:

In wake of Credit Suisse plea, US expects ‘wealth of information’ leading to ‘the rest of the world’
(DBN)

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Resorts:

Developers make pitches for Colony estate today
(DBN)

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Shipping:

Genco Shipping & Trading Announces Extension Of Rights Offering Deadline
(DBN)

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Oil/Gas:

Shakeout Threatens Shale Patch as Frackers Go for Broke
(DBN)

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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 (13 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

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Bankruptcy Statistics:

Bankruptcy filings fall nationally and in the Western District of Pennsylvania during the first quarter
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Plan Confirmation:

Court Reaffirms Distressed Debt Funds Are Not Eligible Assignees
(DBN)

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Avoidance Actions:

District Court Adopts Subjective Good Faith Defense for Fraudulent Transfer Claims in SIPA Case
(DBN)

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Executory Contracts:

All or Nothing: Delaware Bankruptcy Court Decision in Physiotherapy Holdings Addresses Contract 'Integration' for Purposes of Assumption Under Section 365(a)
(DBN)

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Sanctions:

Fifth Circuit Finds No Clear and Convincing Evidence of Bad Faith and Undoes Bankruptcy Court Sanction
(DBN)

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Sales:

What You Don’t Know Can Hurt You: Lender’s Appeal of Sale Order is Statutorily Moot Despite Lender’s Claim That it Didn’t Know About the Sale
(DBN)

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Litigation:

The 3 Most Impressive Things You Can Do In Trial For Cheap
(DBN)

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Retailing:

RadioShack: Vultures Circling, Bankruptcy Worries Mount?
(DBN)

The Real Problem Behind Best Buy's Lagging Sales
(DBN)

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Coal:

Coal: No ‘Imminent Bankruptcy Risk’ But UBS Discusses Anyway
(DBN)

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Mass Torts:

Garlock responds to motion to adjourn bar date, calls opposing arguments “mistaken”
(DBN)

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Book Review:

Working and Living in the Shadow of Economic Fragility
(DBN)

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Golf:

Defunct Bayview Golf course owners seek rezoning to agriculture
(DBN)

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Personal Finance:

Here's Why Saving For College Is Not Enough
(DBN)

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UK:

BoE's Carney says solving 'too big to fail' still top priority
(DBN)

RBS and Lloyds retreat from London mortgages
(DBN)

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EU:

ECB chief notes risk of low inflation
(DBN)

Euro heads back toward three-month lows
(DBN)

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PIIGS:

Greece faces new debt threat of unpaid taxes
(DBN)

Court hears of David Drumm statement 'mistakes' --- Drumm omitted ‘large amount’ from US bankruptcy filings --- Drumm cash omissions not due to ‘mere oversight’, court told
(DBN)

Pescanova last year's sales plummeted by 64%, compared to 2011 --- Pescanova racked up losses of €719m in 2013, equity at minus €2.2bn
(DBN)

IMF says Spain tax overhaul is critical
(DBN)

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Canada:

Canadian Government Initiates Public Consultation Process on Insolvency Law Reform
(DBN)

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Germany:

German Unemployment Unexpectedly Rises as Growth to Slow --- Unemployment Unexpectedly Jumps Most In 5 Years
(DBN)

Germany's Trimet buys insolvent Voerde Aluminum
(DBN)

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Iceland:

Defunct banks could be made bankrupt
(DBN)

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China:

China's Property Slump Worsens
(DBN)

China’s ‘Golden Era’ for Property Over, Vanke President Says
(DBN)

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Australia:

Receivers ground Vincent Aviation
(DBN)

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Argentina:

Argentina stresses commitment to servicing restructured debt
(DBN)

Argentina offers Paris Club initial payment of $250 mln
(DBN)

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