May 9, 2014

The Daily Bankruptcy News

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Law:

Tuition Cuts are a Risky Bet for Law Schools, Moody’s Warns --- Moody's: Standalone Law Schools Without 'Premier Brands' Face Credit Stress
(DBN)

Voluntary Buyouts Being Offered By Leading Law Firm Considered Biglaw’s ‘Best Brand’
(DBN)

Nationwide Layoff Watch: 40 Felled In A Reduction In Force
(DBN)

Unlocking The Black Box Of Partner Compensation
(DBN)

How can we apply New Normal principles to increase access to justice?
(DBN)

Is Wal-Mart law coming to the US? Retailer adds lawyers on site for shoppers
(DBN)

Are you sure that's how you spell 'Ashurst'?
(DBN)

Lawyerly Lairs: A Law Clerk’s $1.7 Million Apartment
(DBN)

Bankruptcy Lawyer Mourning Death Of Son Suspended for Neglecting Clients
(DBN)

Business law firm to pay $8M to settle class action over its work for hedge-fund client
(DBN)

Casebook Publisher Has Aggressive New Plan To Rip Off Law Students
(DBN)

Old Dog Goes To Law School To Learn New Tricks
(DBN)

Essential Time Management Hacks
(DBN)

Grammatical Mistakes That Instantly Reveal People's Ignorance
(DBN)

Always Eat When You Negotiate
(DBN)

6 Things Never To Say During A Speech
(DBN)

Junior lawyer releases rap album about how much he hated BigLaw
(DBN)

Reinventing The Law Business: The First Mission — To Attract, Train, Retain, And Inspire Talent
(DBN)

How To Make Your Elevator An Express
(DBN)

Armed Woman Wearing Spiderman Outfit Robs Store
(DBN)

Cops: Serial Pooper 'Terrorizing' Neighborhoods At Night
(DBN)

Prosecutors Run Amok: An Interview With Sidney Powell, Author Of Licensed To Lie
(DBN)

Man kept mother's dead body in a freezer for 3 years
(DBN)

Company Threatens To Sue Man For Negative Amazon Review
(DBN)

Lawyer arrested at school board meeting for complaining about novel on daughter’s reading list
(DBN)

Trend: Women Buying Positive Pregnancy Tests To Trap Men?
(DBN)

Convicted Killer Released From Prison To Live In Famous Movie Director's Garage
(DBN)

Gruesome Tale of a 911 Dispatcher
(DBN)

Say What?!
(DBN)

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Judges:

Judge: Hot Weather Made Me Puke 'Cause Al Gore Might Be Right'
(DBN)

New Study Revisits Scalia-Posner Feud
(DBN)

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Wall Street:

U.S. Stock Futures Retreat as Investors Assess Earnings
(DBN)

Markets Are Slipping
(DBN)

Stocks close mixed as tech rebound fades
(DBN)

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Layoffs:

Barclays moves to cut 7,000 jobs in retreat from investment banking --- 19,000 over 3 Years
(DBN)

Weekly Initial Unemployment Claims decrease to 319,000
(DBN)

Parsons ordered to pay $12.2M to former employees
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Food/Beverage:

 

Where To Eat And Drink In The Hamptons This Summer
(DBN)

10 Amazing Dishes You Can Order On The GrubHub For Rich People
(DBN)

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Startups:

22 Qualities Of Entrepreneurs Likely To Fail
(DBN)

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Fraud:

Scott Rothstein’s Wife Faces $2 Million Judgment Over Hidden Jewels
(DBN)

Rothstein Divorce Stalls Due To Secrecy Of Whereabouts
(DBN)

Guilty Pleas For Fired Cops Tied To Rothstein
(DBN)

Telex: State subpoenas second firm in pyramid scheme probe
(DBN)

Judge: Ex-Schuylkill Products head responsible for $53.9M loss to U.S.
(DBN)

Four Indicted In $70 Million "Virtual Concierge" Ponzi Scheme
(DBN)

16 Psychological Reasons Good People Do Bad Things
(DBN)

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Electricity:

EFH and Oncor: An Electric Ring-Fence
(DBN)

Energy Future’s Oncor Electric Said to Plan $250 Million Bonds
(DBN)

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Television:

Ergen says Dish Network cannot afford to bid for DirecTV
(DBN)

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Coal:

James River Gets $110 Million Loan Over Creditor Objection
(DBN)

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Healthcare:

Edgewater Medical Center's Old Records Hauled Out of Site, Will Be Shredded
(DBN)

Yukon Kuskokwim Health Corporation to lay off 100 employees
(DBN)

New day for old hospital
(DBN)

Welllpoint, Aetna to House panel: The effects of Obamacare are not so dire
(DBN)

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Debt Swaps:

Affinion Group back in private debt swap space: offers PIK toggles for warrants
(DBN)

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Toll Roads:

Federal Highway Trust Fund In Danger of Insolvency --- How Tolls Could Help Prevent a US Transportation Crisis --- America’s transportation needs are huge. Too bad the way we fund them is broken
(DBN)

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Education:

Pope & Land says it wants Morris Brown property
(DBN)

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Private Equity:

IRS to Crack Down on Private Equity Execs
(DBN)

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Museums:

Wilder Slave-Museum Proposal Sparks Surprises
(DBN)

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Economy:

Yellen: Businesses Regaining Confidence as Budget Battles Fade
(DBN)

Fed Chair's Concerns on the Economy
(DBN)

What Timothy Geithner Really Thinks --- 5 takeaways on Geithner and the financial crisis --- Geithner: Suggested Clinton as possible successor
(DBN)

US jobless claims drop 26,000 to 319,000 --- Drop in US jobless claims signals firmer labor market
(DBN)

The story of the American recovery in 15 charts
(DBN)

WSJ Survey: Economists See Growth Rebound
(DBN)

TD Bank Survey: CFOs Increasingly Optimistic About Economic Growth
(DBN)

Foreign Banks Collecting Billions From the Fed
(DBN)

2 trends Janet Yellen calls 'disturbing'
(DBN)

The Number Of Old Americans Is Going To Explode
(DBN)

What Oil Costs All Around The World
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Greenbacks rule: All-cash deals hit 43% of total home sales in 1Q
(DBN)

Mortgage Rates Hit Seven-Month Low
(DBN)

Trulia: Asking House Prices up 9.0% year-over-year in April, "smallest year-over-year increase in 11 months"
(DBN)

NAHB: Builder Confidence improves year-over-year in the 55+ Housing Market in Q1
(DBN)

Freddie Mac Profit Down; To Pay Dividend Of $4.5 Bln. To US Treasury
(DBN)

Fannie and Freddie Results in Q1: REO inventory declines, "Lower demand for foreclosed properties"
(DBN)

Warren and Allies Said to Reject Fannie Mae Overhaul Bill
(DBN)

As One-Time Gains Fade, Fannie and Freddie Face a Less-Profitable Future --- Small investors are caught up in fight over future of Fannie Mae, Freddie Mac
(DBN)

Las Vegas Real Estate in April: Year-over-year Non-contingent Inventory Doubles, Median Price declines
(DBN)

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Municipalities:

Bills to propose $195M state payment to Detroit --- Bill could put Detroit under state financial oversight for 20 years --- Bolger: State money would come with 20 years of oversight --- Michigan bills attach strings to Detroit bankruptcy money
(DBN)

Michigan House forms panel for Detroit bankruptcy
(DBN)

Chapter 9 bringing reshaping political dynamics
(DBN)

Detroit's 2 largest public safety unions will probably fight debt plan
(DBN)

AFSCME releases witness list for bankruptcy trial
(DBN)

What’s the Grand Bargain?
(DBN)

Poll: 66 Percent Of Michigan Voters Say 'Let's Fix Detroit' --- Michigan voters support state money for Detroit
(DBN)

Detroit’s bankruptcy and one man’s wrongful imprisonment
(DBN)

Mediation pace criticized in San Bernardino bankruptcy
(DBN)

The Most Stressed-Out Cities In America
(DBN)

Mayor: NYC homelessness 'staggering'
(DBN)

By the Numbers: California's Jobs Comeback
(DBN)

Recovery Rates Varying More In Muni Bankruptcies – Moody's
(DBN)

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Mass Torts:

Plaintiff Lawyer Offers Inside Look At `Institutionalized Fraud' At Asbestos Trusts
(DBN)

Finally – An Asbestos Bankruptcy Court (Garlock) Provides Easy Access to 2019 Statements About Who Controls Claims
(DBN)

Judge has concerns over chemical spill co sale
(DBN)

Behind the scenes of the $100M New England Compounding Center settlement
(DBN)

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Defense:

Drone Defense Contractor: Bankruptcy Will Lead to Revival
(DBN)

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Personal Finance:

Here's How To Figure Out How Much Money Will Make You Happy
(DBN)

Tracking Your Spending Might Be A Huge Waste Of Time
(DBN)

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Aviation:

Jet Midwest To Buy 'Substantially All' Of Evergreen International's Assets
(DBN)

How To Get Treated Like The 1% And Avoid Long Lines At The Airport
(DBN)

Frequent Fliers: The Best Airlines by Miles
(DBN)

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Student Debt:

How This Young Professional Is Paying Off $100,000 Of Student Loan Debt
(DBN)

Our Generous Uncle Sam: Lenient College Debt Rules Encourage Students To Keep Borrowing And Hunt For "Public Service" Jobs
(DBN)

Janet Yellen warns student debt may be holding back housing
(DBN)

Student Loan Debt may Stifle Retirement Savings
(DBN)

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Accounting:

The increasing scope of auditors' negligence: Livent Inc. v. Deloitte & Touche LLP
(DBN)

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Tax:

In Showdown With Lerner, House Imprisonment Not Out of the Question
(DBN)

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Autos:

Bankruptcy confirmed for Engström Motorsport
(DBN)

Wiesmann Officially Dies Following Bankruptcy Announcement --- Wiesmann at the end: hardly any hope for insolvent manufacturer
(DBN)

GM recalls challenge company, frustrate customers
(DBN)

GM asks Texas court to bar depositions of executives
(DBN)

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Chemicals:

Momentive Performance unsecured creditor panel amended; full list
(DBN)

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Hotels:

Viscount Suite Hotel files for reorganization
(DBN)

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Rail:

Sale of bankrupt Maine railway's assets in U.S. to close May 15
(DBN)

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Financial Literacy:

The Average American Can't Answer These Three Simple Finance Questions
(DBN)

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New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (26 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:

 

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Coming and Going Concerns
(DBN)

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DIP Finance:

James River Gets $110 Million Loan That Creditors Opposed
(DBN)

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Secured Debt:

Top 5: Exotic Collateral
(DBN)

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Final Day: Take Our Credit Bid Survey

Recent Pleadings:

 

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TBTF:

Regulators Point to New Financial Risks Outside Traditional Banks
(DBN)

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Litigation:

What Kind of Litigator Are You?
(DBN)

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eDiscovey:

Native File for Cloud Email
(DBN)

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Telecoms:

Judge Subordinates Part of Ergen Claims in LightSquared Case --- LightSquared wins key ruling over debt held by Dish's Ergen --- Ergen's LightSquared Claim Can Be Marginalized
(DBN)

Ruling in LightSquared Case --- Falcone's LightSquared Bankruptcy Plan Rejected as 'Shell Game' --- LightSquared plan denied; judge gives lawyers 2 weeks to make deal
(DBN)

Apple-Microsoft Venture Fights Release of Nortel Patent Data
(DBN)

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Currency:

Mt. Gox Depositors Win Preliminary Approval on Settlement Plan
(DBN)

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Banking:

Investors say parent of St. Paul's American Bank owes them $48 million
(DBN)

An Overhaul at Barclays
(DBN)

___________

Gambling:

Caesars' guarantee removal will likely spur rights fight
(DBN)

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Retailing:

Target’s CEO didn’t leave because of a cybersecurity breach
(DBN)

US retailers benefit from warmer April as sales bounce back
(DBN)

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Hedge Funds:

Hedge Fund vs S&P500 Performance
(DBN)

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Video Games:

Simmons: Default cost would exceed 38 Studios debt
(DBN)

____________

Celebs:

Ex-Bulldogs Bell, Jennings testify in Donnan trial
(DBN)

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Sovereigns:

Argentina's bondholders urge against Supreme Court appeal
(DBN)

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UK:

Insolvency trade body R3 announces new president
(DBN)

Co-op reduces stake in Co-op Bank
(DBN)

Insolvency experts Robson Scott raise fears over tax grab powers
(DBN)

Household Debt Back at Alarming Levels
(DBN)

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EU

Draghi, worried by strong euro, says ECB poised to act as soon as June
(DBN)

Europe’s Bad Bank Assets Since 2008 Top $2.5 Trillion
(DBN)

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PIIGS:

Greece's Unemployment Rate Falls To A Level That's Still Painfully High
(DBN)

Bank of Ireland chief defends hard line on debt forgiveness
(DBN)

Codere's Debt Battle Highlights Conflicting Interests Among Investors
(DBN)

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Canada:

No obvious suitor for Jacob's closing stores
(DBN)

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Ukraine:

Pro-Russian Separatists Defy Putin --- Ukraine Rebels Defy Putin — And Now He's Facing A Dangerous Predicament --- Russia to demand advanced payment for gas supplies
(DBN)

___________

Norway:

The End Of An Oil Boom Is Threatening Norway's Welfare Model
(DBN)

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Brazil:

Brazil court freezes some assets of fallen tycoon Batista -paper
(DBN)

Brazil consumer defaults soar 8.6 pct in April
(DBN)

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MENA:

New $1.9bn claim in bank collapse
(DBN)

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