November 17, 2014

The Daily Bankruptcy News

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Law:

Morgan Lewis Partners Approve Bingham Deal --- Law firm Morgan Lewis votes to take on 227 Bingham partners --- Morgan Lewis OKs 'mass lateral move' --- Law-firm Darwinism in huge Morgan Lewis & Bockius deal --- Morgan Lewis admits 227 Bingham McCutchen partners, expects to add 600 lawyers --- Morgan Lewis Nabs Partners From Troubled Boston Firm --- The Morgan Lewis and Bingham Tie-Up A Done Deal
(DBN)

Akin Gump boosts global offering with the addition of 25 partners from Bingham McCutchen
(DBN)

Dentons adds Giorgio Bovenzi as global credit risk, insolvency and restructuring partner in New York
(DBN)

Biglaw Associate Comp In The Big Apple
(DBN)

Business of Law
(DBN)

A third of in-house legal teams plan to increase budgets --- Recession-era spending appears to end for legal departments, but they continue to cut costs
(DBN)

US law firms face onerous tax changes
(DBN)

Projected Lawyer Surpluses Worsen: 3 New Lawyers for Every Law Job in 2022
(DBN)

Law School Women Don’t Need ‘Lower Pressure’ Environments
(DBN)

Undergraduate Prestige Affects Earnings Premium From Elite Graduate Programs
(DBN)

How New York Law School Gets 1Ls Ready For The Job Market
(DBN)

Working With A Recruiter — How To Get Big Time Results As A Small Time Attorney
(DBN)

Female Empowerment, Southern Style
(DBN)

Disgraced Law Dean Turns To Creepy Poetry
(DBN)

Fired California bar leader sues ‘with heavy heart,’ alleges ‘egregious improprieties’ --- California State Bar in Turmoil After Shake-up Triggers Whistleblower Claim
(DBN)

Three words best describe the appellate bench at Wilmer Cutler Pickering Hale and Dorr: broad, deep, successful
(DBN)

Here's How Apple Can Make Its Next iPhone Design A Lot Better
(DBN)

Facebook Is Secretly Working On A New Professional Website
(DBN)

17 Tactics For Reading People's Body Language
(DBN)

When a Police Department Has No Brains
(DBN)

Judge orders parents to pay estranged daughter’s $16K annual college tuition
(DBN)

Amanda Bynes: "I'm Gonna Murder My Family"
(DBN)

Police at court spot suspect in theft case they’re investigating
(DBN)

Ferguson Shooting: Facts vs. Myths
(DBN)

Managing partner, wife were stabbed in ‘torture session,’ prosecutor says; lawyer arrested in diaper
(DBN)

Student Facing Terroristic Threat Charges After Decorating High School Bathroom With Laughable ‘Satanic’ Graffiti
(DBN)

A 91-Year-Old Woman Woke Up In A Morgue After Being Pronounced Dead
(DBN)

An Oil Tycoon Used The 'Jed Clampett Defense' To Keep Most Of His $18 Billion Fortune From His Ex-Wife
(DBN)

World's Worst Deadbeat Dad Now Has 26 Kids
(DBN)

Sleeping Pill Zombie Murders In Week 8 Of HTGAWM
(DBN)

After Family Argument, Man Blows Himself Up
(DBN)

Florrick, Agos & Lockhart - There Could Be An Opening (Maybe 2)
(DBN)

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Judges:

Veteran Bankruptcy Judge To Retire From Southern District Bench, Approved For Recall
(DBN)

Charles M. Forman Appointed To Bankruptcy Court Mediator Panel
(DBN)

On the creation of Circuit splits
(DBN)

Federal Judge: I am tempted to scream “STFU” once again to the Supreme Court
(DBN)

Judge Accused Of Having Inappropriate Relationship With Cooley Law Student
(DBN)

Michigan board: Suspend super-drunk judge 90 days
(DBN)

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Wall Street:

US Stock -Index Futures Fall as Japan Enters Recession
(DBN)

Stocks end mostly up as gains extend into fourth week
(DBN)

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Layoffs:

Worker Bloodbath at CNBC
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Sears CEO Lampert has failed to revive dying company
(DBN)

Mike Myers Sears Canada Ad Saves Company From Bankruptcy
(DBN)

Strong Sales and Rising Consumer Sentiment Bode Well for Holiday Shopping
(DBN)

Despite Black Friday Hype, Retail Sales in November Run Below Average
(DBN)

RadioShack lines up new products, ads, policies for critical holiday season
(DBN)

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Fuel Oil:

Deal Made to Settle Fred Fuller Assets --- Customers relieved
(DBN)

Fred Fuller Can Use Cash To Fulfill Oil Contracts
(DBN)

Bankrupt oil company has thousands of unfilled orders
(DBN)

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Fraud:

Alleged Ponzi Scheme Victims Trusted Client List
(DBN)

Wilson Sonsini systems engineer pleads guilty to insider trading
(DBN)

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Tech:

GT sapphire glaziers: You signed WHAT deal with Apple?
(DBN)

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Mass Torts:

Garlock Seeks to Block Rehash of Damages Issue
(DBN)

Garlock: ACC motion to reopen estimation proceeding ‘remarkably thin’
(DBN)

RICO cases against asbestos firms unsealed
(DBN)

Judge To Open Files Supporting Garlock Asbestos Fraud Claims
(DBN)

Hilliard Calls On GM To Extend Fund Deadline By 12 Months
(DBN)

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Celebs:

'RHONJ' Fired Teresa Giudice Bankrupt After Jail Time Prison Sentence, Fraud Trial?
(DBN)

Ginuwine Speaks Out About Bankruptcy
(DBN)

The Broke and the Beautiful: Twofer Edition
(DBN)

Jose Canseco's Finger Has Fallen Off Again
(DBN)

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Banking:

Unofficial Problem Bank list declines to 415 Institutions
(DBN)

____________

Aviation:

US airline profits, stock prices have soared
(DBN)

Why I Won't Fly United Anymore
(DBN)

Etihad move on Alitalia cleared for take-off
(DBN)

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Corporate Reform:

Too big to jail: why so few banks have been prosecuted since the financial crisis.
(DBN)

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Movies:

Bankrupt Soundelux Sound Effects Library Sold To Sounddogs
(DBN)

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Biotech:

Bankruptcy means Dendreon won't have to pay if employees win racial discrimination lawsuit
(DBN)

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Auto Racing:

Caterham Plans Formula One Return After Bankruptcy Filing
(DBN)

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Telecoms:

Falcone Won’t Give Up on $2.4 Billion LightSquared Claim
(DBN)

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Corporate Governance:

Delaware Chancery Requires Payment of Merger Consideration to Dissenting Stockholder After Expiration of Appraisal Period
(DBN)

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Economy:

Majority of Americans Make Less than $20 Per Hour
(DBN)

1 in 30: Our Homeless Children Problem
(DBN)

G20 Nations Agree to $2 Trillion Growth Plan
(DBN)

Fed Officials Say They Are Watching Overseas Risks
(DBN)

Janet Yellen Meets With Community Leaders on Fed Policy, Jobs
(DBN)

Maybe Janet Yellen Should Meet Next with Bankruptcy Lawyers Whose Business Has Dropped Off
(DBN)

Fed’s Bullard Still Wants Fed Rate Rise in Late First Quarter 2015
(DBN)

Preliminary November Consumer Sentiment increases to 89.4
(DBN)

TransUnion Study: Consumers on the Move Throughout the Year
(DBN)

Republicans May Shut Down The Government If Obama Acts On Immigration
(DBN)

Buffett's family business tests the ties that bind
(DBN)

Can Money Buy You Happiness? - It's True to Some Extent. But Chances Are You're not Getting the Most Bang for Your Buck
(DBN)

Here's What Japan's Recession Means For The Country And The World
(DBN)

March of the Non-White Babies
(DBN)

13 US Companies That Keep Losing Money
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Foreclosures Surge? Take a Closer Look --- MBA: Mortgage Delinquency and Foreclosure Rates Decrease in Q3, Lowest since 2007
(DBN)

Homes are Getting Harder to Afford
(DBN)

MBA National Delinquency Survey: Judicial vs. Non-Judicial Foreclosure States in Q3 2014
(DBN)

Lawler: Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in October
(DBN)

Early Read on Existing Home Sales in October
(DBN)

Freddie Mac: "Fixed Mortgage Rates Hovering Near 2014 Lows"
(DBN)

Man facing foreclosure beats creditors, takes ownership of house
(DBN)

Appeals court allows DBSI executives to remain free
(DBN)

NY: Real-estate honcho 'stiffs' contractors over measly amounts
(DBN)

The Unfinished Suburbs of America
(DBN)

'The Godfather' Mansion On Sale For $2.9 Million
(DBN)

Cleveland's Plan to Destroy Nearly 6,000 Homes
(DBN)

The Poorest Cities in America
(DBN)

___________

Municipalities:

Complex Detroit bankruptcy case moved at breakneck pace for Jones Day team
(DBN)

Buffett backs Detroit with bigger GM stake
(DBN)

Detroit and Stockton Plans Confirmed; Lessons Learned
(DBN)

Detroit: economic recovery in a bankrupt city
(DBN)

Detroit's blank canvas offers a chance to talk about...sorry about that
(DBN)

Detroit's challenge: To spread the wealth
(DBN)

Was bankruptcy a fresh start for Detroit?
(DBN)

Experts talk bankruptcy, Saunteel Jenkins talks council
(DBN)

Detroit should follow New York’s model to address urban decline, jump-start recovery
(DBN)

He helped rescue New York. Next up: Detroit
(DBN)

Creditor appeals bankruptcy plan for Stockton --- Creditor Franklin appeals Stockton bankruptcy ruling --- Holdout creditor files appeal --- Stockton nemesis appeals ruling --- Appeal threatens bankruptcy ruling
(DBN)

Are Jefferson County leaders any better now? At least they aren't in jail
(DBN)

Chris Christie's gambling problem
(DBN)

Governor-elect Raimondo faces daunting to-do list
(DBN)

Bankruptcy not a panacea for Luzerne County's ills
(DBN)

Report: Central Coventry Fire District to File for Bankruptcy --- Impasse with union
(DBN)

States with the Highest Divorce Rates
(DBN)

____________

Paper:

Great Northern bankruptcy trustee seeks deal despite alleging mill was mismanaged
(DBN)

East Millinocket mill has a dozen potential auction bidders
(DBN)

Bankruptcy judge OKs procedure for sale of East Millinocket mill
(DBN)

____________

Shipping:

Bunker Lawyers Identify One Car for Creditors as Assets Reviewed
(DBN)

OW Bunker's US Units to Consider Bankruptcy Asset Sale
(DBN)

Law firm Deminor says contacted by OW Bunker investors
(DBN)

Bunker market all at sea after OW collapse
(DBN)

SSA, MPA confirm no bunker disruption in wake of fraud at OW --- Collapse shakes up marine fuel market --- Tanker Operator OW Bunker bankruptcy fallout
(DBN)

Ships to Divert to Hong Kong for Bunkers
(DBN)

Damage OW Bunker Insolvency in Holland Estimated at € 30 M
(DBN)

Falling on deaf ears?
(DBN)

____________

Compensation:

Guess how much Bill Gross made at Pimco last year?
(DBN)

____________

Newspapers:

OC Register asks reporters to help deliver its newspapers
(DBN)

____________

Mediation:

Charles M. Forman Appointed To Bankruptcy Court Mediator Panel
(DBN)

____________

Accounting:

Five questions with one of the nation's top forensic accountants
(DBN)

____________

Distressed Investing:

Altegrity Debt Investors Aim for Rainy-Day Payout - Senior Creditors Negotiated a 'Make-Whole' Provision
(DBN)

Distressed-Loan Buyers Watch Indebted Chinese Developers
(DBN)

____________

Personal Finance:

Retail Pro: Black Friday Deals Debunked
(DBN)

____________

Health Care:

Quincy Medical Center decreases employees prior to closure
(DBN)

Facts Drug Companies Didn't Want You to See
(DBN)

Cost of coverage under care act set to increase
(DBN)

____________

Resorts:

Jack Antaramian files bankruptcy reorganization plan to end bitter legal feud over Naples Bay Resort
(DBN)

____________

Defense:

US military scrambles to keep its edge despite budget woes
(DBN)

____________

Alternative Energy:

Hybrid Car Momentum Stalls
(DBN)

____________

Entrepreneurs:

How Elon Musk Manipulated 7 States for His $1.4 Billion Score
(DBN)

____________

Apparel:

Joe’s Jeans Defaults on $60M Leveraged Loan; Interest Rises to 14%
(DBN)

____________

Mail:

Postal Service Lost $5.5B in 2014
(DBN)

____________

New Bankruptcy Opinions
(1 new opinion today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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:

Scranton: Bankruptcies fall in region
(DBN)

Phoenix bankruptcies improve again as jobs rise, gas prices dip
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Appeals:

Second Circuit Holds That Equitable Mootness Doctrine Applies to Appeals from Orders Confirming Liquidating Chapter 11 Plans
(DBN)

____________

IP:

Crumbs Court Deals Protection for Trademark Licensees in Bankruptcy
(DBN)

____________

Avoidance Actions:

NOLs - A Recoverable Transfer?
(DBN)

____________

Cross-Border:

Chapter 15 Bankruptcy: Game-Changer or False Dawn?
(DBN)

____________

Plan Confirmation:

Cramdown Hurdles Round 2: Confirmation Can Be An Elusive Prize
(DBN)

____________

TBTF:

AIG May Be on Hook If Hank Greenberg Wins Bailout Suit
(DBN)

____________

Gambling:

Papers filed to close Trump Taj Mahal --- Casino set to close within four weeks
(DBN)

Workers Say Employers In Ailing Atlantic City Hold All The Cards
(DBN)

Caesars warns of potential casino bankruptcy
(DBN)

Caesars Says Operating Unit to Run Out of Cash Next Year
(DBN)

Caesars Entertainment's Bankruptcy Deal: Is This a Scam?
(DBN)

Nearly Half of Atlantic City’s Casinos Shut Down in 2014
(DBN)

Ultimate Gaming closes Nevada online poker site
(DBN)

Landmark Northern Nevada Casino Closes
(DBN)

____________

Oil/Gas:

Buccaneer reorganization plan approved by bankruptcy court
(DBN)

Welcome To The New Era Of Cheap Oil --- Why Oil Price Keeps Dropping
(DBN)

Oil price slump could trigger another US debt default crisis
(DBN)

Goldman: Everybody In Texas Is Resigned To Lower Oil Prices
(DBN)

Saudis Pledge Oil Market Stability
(DBN)

____________

Food/Beverage:

“New Jersey Champagne” Winery Enters Chapter 11
(DBN)

Peanut drying facility owner files in bankruptcy court
(DBN)

Company wins bid to buy Associated Wholesalers
(DBN)

____________

Sovereigns:

Timerman to go to NY to discuss debt restructuring legal framework
(DBN)

'Me-too' holdouts file new demand
(DBN)

Singer-Proof Bond Contract Inspired by Argentina
(DBN)

Debt restructuring included in G20 communique
(DBN)

Argentina welcomes G20 call for work on debt restructurings
(DBN)

____________

UK:

Bank of England’s New Strategy for Resolving Failing Financial Institutions
(DBN)

Poor areas of UK launch more new businesses
(DBN)

Cameron: Don't Blame Me If The Economy Crashes — It's Everyone Else's Fault
(DBN)

____________

EU:

Eurozone Clings To Meager Economic Growth As Large Economies Struggle
(DBN)

Across Europe disillusioned voters turn to outsiders for solutions
(DBN)

Germany Is Falling Into The Same Trap That Punished Japan's Economy For 25 Years
(DBN)

Inflation At 0.4% And Growth At 0.2% For Europe
(DBN)

German Bundesbank President Goes Against Europe's Plans To Stimulate Its Floundering Economy
(DBN)

____________

PIIGS:

Battered, Greece faces years to recoup recession --- Greece emerges from recession, leaving behind a battered society --- Greece’s recession is over, but its depression will be the worst in history --- Greece to seek extra debt relief as 'reward', says PM Antonis Samaras
(DBN)

____________

Germany:

German Department Store CEO Imprisoned After Firm Goes Bankrupt
(DBN)

____________

Ukraine:

World leaders take Putin to task over Ukraine at G20
(DBN)

Putin says Russia won't demand early repayment of $3 billion lent to Ukraine --- Russia's Squeezing Ukraine's Energy Prospects
(DBN)

____________

Russia:

Russian State-Run Banks Put Pressure on Mechel Over Debt --- Mechel Should Take Deal to Avoid Default, Sberbank Says
(DBN)

Putin Unloads On The Sanctions Wrecking Russia's Economy --- Apple Is Now Worth More Than The Entire Russian Stock Market
(DBN)

From Russia with bonds
(DBN)

Russia Is Threatening France With 'Grave Consequences' If It Does Not Deliver War Ships
(DBN)

____________

Chile:

Chile takes a great step in modernizing bankruptcy laws
(DBN)

____________

MENA:

ISIS Kills US Hostage --- Obama: Beheading 'an act of pure evil' --- Before the Beheadings: Remembering a time when Islamist extremists wanted to persuade reporters, not kill them --- The UN Says 13.6 Million People Have Been Displaced By The Wars In Iraq And Syria --- UN: ISIS Commanders Are Liable For War Crimes On A 'Massive Scale' --- US military chief says battle with IS starting to turn
(DBN)

EU Threatens Sanctions on Israel Over Settlements --- Israel: More Demolitions of Palestinians Homes
(DBN)

____________

Japan:

Japan In Recession, Q3 GDP Falls Unexpectedly --- Abenomics' direction uncertain after GDP shock
(DBN)

Economists React To Japan's Awful GDP Report
(DBN)

____________

China:

Major private steel company in China files for bankruptcy protection
(DBN)

____________

S. Korea:

Debt behind Korea's notorious suicide rate
(DBN)

____________

Brazil:

Eike Batista's Insider Trading Case in Brazil to Test a Much-Criticized Justice System
(DBN)

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