November 6, 2014

The Daily Bankruptcy News

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Law:

Anders J. Maxwell: Successful Restructurings Require Strong Leaders
(DBN)

Lisa Donahue: Chapter 11s Can't Ignore Operations
(DBN)

Marc Leder: Let Businesses Fix Their Mistakes
(DBN)

Bingham Cancels Partner Retreat; Will The Morgan Lewis Deal Go Through?
(DBN)

Citi Report: Third Quarter Results (Almost) All Good for Law Firms
(DBN)

"Two Class" Partnership Culture Emerging in BigLaw
(DBN)

Why One Woman Gave Up A $100-An-Hour Corporate Job To Start Her Own Legal Practice
(DBN)

Seyfarth Partner Quits Law Firm Life to Become High School Teacher
(DBN)

alt.legal: All Your Profits Are Belong To Us
(DBN)

The Viability Of Contract Attorney Work In Big Cities
(DBN)

Law Schools: Bullet Dodged? Or Redirected Toward You?
(DBN)

The Best Law Schools For Career Prospects 2015
(DBN)

Creditors stand to lose if struggling law schools close
(DBN)

Charleston School of Law kept in suspense about InfiLaw sale
(DBN)

The Civil War Between The Generations
(DBN)

LawProse: An Introduction to Legal Editing
(DBN)

Much To Obama’s Dismay, This Woman Quit Law School To Be A Mother
(DBN)

Biglaw Firm Spends Thousands Of Dollars To Troll Client Online
(DBN)

The Deadliest Presentation Mistakes Anyone Can Avoid
(DBN)

Now IT's personal - how law firm IT departments are embracing lawyers' tech preferences
(DBN)

Google Just Redesigned Its Maps App To Let You Book Restaurant Reservations And Get Price Info On Uber Rides
(DBN)

Company Lawyer Plays 'Extraordinary' Role In Oil Tycoon's CEO's $17 Billion Divorce Case
(DBN)

New Zealand: The anti-NY
(DBN)

Mommy blogger claims she heard voices that told her to throw autistic son off Oregon bridge after joking about ‘pulling a Thelma and Louise’
(DBN)

Woman Accused Of Witchcraft Burned Alive --- Christian Couple Killed In 'Blasphemy' Case
(DBN)

Ex-UPS exec's son pleads guilty to fraud scheme over Maxim magazine, tricked escrow law firm with fake email
(DBN)

Federal judge says lawyer must pay $87K for filing ‘objectively baseless’ suit over Web news posts
(DBN)

Stuck in traffic en route to court, lawyer is told to pay $200 to charity when she arrives
(DBN)

Bus Driver Allegedly Stopped Bus to Stab Man Who Had Sex With His Wife
(DBN)

Feds claim Yankees star A-Rod paid personal assistant $900K to keep quiet
(DBN)

90 Yr. Old, 2 Pastors Charged with Feeding Homeless
(DBN)

AC/DC Drummer Arrested on Murder for Hire Charge
(DBN)

USA Today on Hardin’s hair: The question on every juror’s mind for Adrian Peterson’s lawyer: Is that a toupee?
(DBN)

Man uses wife's urine to pass drug test -- discovers she's pregnant!
(DBN)

Say What!?
(DBN)

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Judges:

Bankruptcy Judge Vacancy, District of Wyoming
(DBN)

Seven More Supreme Court Clerks Join Jones Day
(DBN)

Federal judge: WordPerfect the “most writer-friendly word processor on the planet”
(DBN)

‘Neurotic November’ is retired judge’s latest mystery novel
(DBN)

Judge accused of sexual harassment wins appeals court seat
(DBN)

Federal Circuit Benchslaps Prominent Practitioner
(DBN)

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Wall Street:

US Index Futures Little Changed With S&P 500 at Record
(DBN)

Dow, S&P 500 Close At Record Highs
(DBN)

Goldman Sachs reports lower legal risk --- Wells Fargo Cuts Upper End of Range of Possible Legal Losses
(DBN)

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Layoffs:

 

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Awards:

American College of Bankruptcy to Induct Dorsey Partner Peggy Hunt as a Fellow
(DBN)

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Corporate Governance:

Serial CEO Gives 10 Tips For Successfully Managing Your Board
(DBN)

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Autos:

Report: GM could face $2 billion liability, loss of 'bankruptcy shield'
(DBN)

GM tells court it not liable for claims over pre-bankruptcy cars --- GM Asks Judge to Bar $10 Billion Ignition-Claim Lawsuits
(DBN)

Spyker Might Be Getting Evicted, But Everything's Just Fine, CEO Says
(DBN)

Chrysler Q3 earnings jump 32% to $611 million
(DBN)

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Telecoms:

UniTek Global Services Receives Bankruptcy Court Approval for First-Day Motions in Connection With Its Restructuring Plan
(DBN)

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Resorts:

Resort asks judge to approve restructuring
(DBN)

Montana tax board says club loan counts as income
(DBN)

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Retailing:

Few answers available in ALCO bankruptcy filing
(DBN)

Target Closing Another 11 Stores
(DBN)

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Pensions:

Japanese firm to pay PBGC $39.5M for pension in U.S. subsidiary's bankruptcy
(DBN)

Bankruptcy Judge Explains Pension Cut Hurdles
(DBN)

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Staffing:

Kelly Services moves forward with restructuring
(DBN)

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Economy:

ADP: Businesses added 230,000 jobs in October --- US services firms grow more slowly, but hiring up
(DBN)

Preview: Employment Report for October
(DBN)

ISM Non-Manufacturing Index decreased to 57.1% in October
(DBN)

Hiring Is Picking Up, With Job Growth in All the Right Places
(DBN)

Why Voters Hate the Obama Economy
(DBN)

Phoenix Lending Survey: Lenders’ Optimism of Economy Falls
(DBN)

Election Pay Day: Five States Vote to Raise Minimum Wage
(DBN)

Who are the 1% of voters who think the economy is “excellent?”
(DBN)

We Just Got An Employment Indicator That Was So Good It's Unbelievable
(DBN)

Is 2015 Too Soon to Raise Rates? Fed’s Kocherlakota Thinks So
(DBN)

Forcing Poor People To Save Is Not The Answer To Inequality In America
(DBN)

OECD: The World's Economy Is Stuck In The Mud And Europe Is Failing
(DBN)

The 18 Most Unequal Cities In America
(DBN)

Financial Stress Indices from 3 Federal Reserve Banks, 1990-Present
(DBN)

Big Rig Trucks Orders Jump 87%
(DBN)

Ben Bernanke: He lived ‘Too Big to Fail,’ so didn’t need to see movie
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Applications Decrease in Latest MBA Weekly Survey --- Mortgage applications continue to slide, down 2.6%
(DBN)

Saving for a Home? Could Take 13 Years
(DBN)

Refinancing boosted by declining mortgage interest rates
(DBN)

Goldman Sachs: Do these charts show housing heading for a bubble?
(DBN)

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Municipalities:

Judge Rosen's tough tack on creditors helped speed Detroit bankruptcy case
(DBN)

Detroit union blasts bankruptcy judge
(DBN)

Chapter 9 Bankruptcy Plan to Bring Slot Machines to L.I.
(DBN)

Stockton bankruptcy plan a sets good precedent for CalPERS, credit firm says
(DBN)

City Auction: Municipal Response to Fiscal Distress in Detroit
(DBN)

Push to end "autopilot" raises for police, firefighters nixed in bankrupt San Bernardino
(DBN)

Phoenix voters reject pension overhaul backed by billionaire
(DBN)

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Mass Torts:

Texas called ‘center of gravity’ for Garlock racketeering case against Waters & Kraus
(DBN)

Seventh Circuit: Arbitration proper in asbestos insurance dispute
(DBN)

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Politics:

What Happens Now Republicans Take Senate?
(DBN)

Can Obama, GOP Leaders Find a Way to Work Together?
(DBN)

GOP Senate Win Opens Door to Deals
(DBN)

Businesses See Hope for Stalled Agenda
(DBN)

Here's What A GOP Senate Means For Finance Regulation
(DBN)

What the Republican Majority Means for the Market
(DBN)

Limbaugh: Republicans Elected to Stop Barack Obama -- Not Work with Him
(DBN)

Electing a GOP Senate Won't Fix What's Broken in Washington
(DBN)

Republican Election Victory Seen as Positive for Business, but Others Temper Expectations --- State Election Results Embolden National GOP Agenda
(DBN)

Colorado elects Obama exorcist who wants to spank transgender children
(DBN)

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Celebs:

Dominique Strauss Khan's Investment Banking Venture Just Went Bust --- Board of Leyne, Strauss-Kahn & Partners Says Firm is Insolvent --- LSK Says It’s Insolvent as New Details Imperil Recovery --- Strauss-Kahn & Partners Bankruptcy follows Thierry Leyne’s Tel Aviv suicide --- Leyne, Strauss-Kahn & Partners shuts after “additional commitments” discovered which “aggravate its delicate financial situation”
(DBN)

'RHONJ' Teresa Giudice, Joe Giudice Marriage Hell
(DBN)

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Banking:

Big banks should be able to go into bankruptcy , Fed's Lacker says
(DBN)

____________

Lehman:

JPMorgan-Lehman trade barbs in $8.6 billion suit
(DBN)

____________

Distressed Investing:

Invesco Fund Treads Risky Path as Major Investor in Distressed Corporate Debt
(DBN)

____________

Batteries:

Exide Technologies Enters Into Plan Support Agreement
(DBN)

____________

Fraud:

Enron Meets Red Grouper as High Court Mulls Evidence Case
(DBN)

Madoff Testimony Blocked in Bankruptcy Dispute
(DBN)

____________

Television:

Federal judge to hear Comcast’s stay request for new Root Sports Houston network
(DBN)

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Tax:

Leak shows scale of Luxembourg's sweet tax deals --- Companies sign secret tax deals with Luxembourg: report --- Full List Of Companies That Allegedly Have Shady Tax Deals With Luxembourg --- Bombshell Report On Luxembourg's Shady Tax Deals Looks Ugly For Junker
(DBN)

____________

Student Debt:

6 Ways Student Loan Servicers Are Trying to Trick You
(DBN)

____________

Shipping:

OW Bunker files for court restructuring after $125m fraud --- Overseas banks pulled plug --- Oil firm in more hot soup after fraud probe in S'pore office
(DBN)

___________

Religion:

Court: Clergy abuse victim cannot seek new settlement
(DBN)

____________

Electricity:

Bankruptcy judge approves plan for Steele Shaft
(DBN)

____________

New Bankruptcy Opinions
(5 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (4 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 declined 13% in Fiscal 2014, Lowest Filings in Seven Years
(DBN)

October consumer bankruptcies rise 8% from September
(DBN)

Two New Signs the Economy Really Is Getting Better
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Cravath: Recent Developments in Bankruptcy Law
(DBN)

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Administrative Claims:

Court Denies Section 503(b)(9) Claims of Sellers Who Did Not Ship Goods Directly to the Debtor
(DBN)

____________

UCC:

No Intent Required for UCC-3 Termination Statement to be Effective
(DBN)

Avoiding Collateral Damage: In re Motors Liquidation and the Effectiveness of UCC Termination Statements
(DBN)

____________

Financial Privacy:

Data Privacy Required in Bankruptcy Filings
(DBN)

____________

Bankruptcy Reform:

Fed's Lacker says must better adapt bankruptcy code to financial firms
(DBN)

Lacker: Repeal Fed's emergency lending powers
(DBN)

Banks Should Seek Bankruptcy Stays for Repos, FDIC’s Hoenig Says
(DBN)

____________

Sales:

When Things Do Not Go As Planned In A Bankruptcy Sale
(DBN)

____________

Bankruptcy Fees:

New and Increased Miscellaneous Bankruptcy Fees Effective December 1, 2014
(DBN)

____________

Plan Confirmation:

To Deem Accepted or Not to Deem Accepted . . . That is the Question
(DBN)

____________

TBTF:

AIG Ex-CEO Willumstad Testifies Bailout Was Only Deal
(DBN)

____________

Oil/Gas:

As Oil Plunges Further, Why It Might Be 'Game Over' For The Fracking Boom
(DBN)

OPEC shaken by Saudi price move
(DBN)

Oil Price Falls Consequence of Fed Bubble
(DBN)

Brent Below $83 on Oil Oversupply
(DBN)

Buccaneer seeks $20M from state
(DBN)

Republicans pledge vote soon on Keystone XL
(DBN)

____________

Sovereigns:

'Gov't will not go down on its knees to negotiate with vultures'
(DBN)

UK Judge Delays Ruling on Order Sought by Argentina Creditors
(DBN)

Capitanich: Soderberg's appointment is ‘shameful’
(DBN)

Argentina par holders eye group to control acceleration
(DBN)

Argentina Thinking About Drunk-Dialing Paul Singer On New Year’s
(DBN)

Singer Seeks Order to Keep Argentine Lawyer in U.S.
(DBN)

Argentina Defaults on $5.4 Billion in Bonds
(DBN)

Argentina and hedge fund NML Capital ratify their commitment to keep fighting
(DBN)

____________

UK:

No leave to appeal Game rent on insolvency decision means certainty for landlords, says expert
(DBN)

MacIntyre Hudson appointed trustee for bankrupt England goalkeeper
(DBN)

Third UK refinery shuts, Hundreds of jobs lost --- More Refinery Closures Likely After Third U.K. Plant Shuts
(DBN)

Litigation funding and the short-lived insolvency exception
(DBN)

UK Banks Face Threat of Break Ups
(DBN)

____________

PIIGS:

Here's The Secret Letter That Shows The ECB Forced Ireland To Ask For A Bailout
(DBN)

Dunne backs down on bid to withdraw US bankruptcy case --- Quinn family have no confidence in disclosure
(DBN)

____________

Canada:

Bankrupt Calgary private school ‘never had a strong financial foundation’
(DBN)

The View From Up North: Changing The ‘Justice System’ Into A ‘Human System’
(DBN)

TV renovation star goes bankrupt , leaves Calgary homeowners stuck
(DBN)

Capital Pride pulls back from bankruptcy filing in surprise move
(DBN)

____________

Germany:

German insolvency law - an overview
(DBN)

German factory orders rise less than expected in September
(DBN)

____________

Argentina:

RR Donnelley directors indicted
(DBN)

____________

Macau:

Wall Street Is Starting To Understand That Nothing Will Save Macau
(DBN)

____________

Russia:

US money-laundering probe draws in Putin's inner circle
(DBN)

____________

Ukraine:

Ukraine is Preparing for War
(DBN)

____________

Finland:

Talvivaara Nickel Miner to File for Bankruptcy as Funding Fails
(DBN)

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