October 14, 2014

The Daily Bankruptcy News

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Law:

Prevalence of the $160,000 Starting Salary for Lawyers Is Eroding --- Junior JDs - With Exception Of Northeast, Entry-Level Salaries Much Lower Than In 2009
(DBN)

White & Case Elects 4 New Restructuring Partners
(DBN)

Definition Of Big Firms Changing - New players match elites for size, but not pay rates
(DBN)

Judge Bars Kasowitz Breach of Contract Claim Against Client, Allow Quantum Meruit
(DBN)

More Small and Midsize Firms Might Be Merging
(DBN)

Business of Law
(DBN)

Paul Lieber - Did He Bribe Manhattan Court Employee To Refer Wealthy Clients?
(DBN)

Communication Key in Relationships With Outside Counsel
(DBN)

Some Conflict Waivers Are Rubbing GCs the Wrong Way
(DBN)

Top-Paid Fortune 500 GCs Ranked by Total Cash
(DBN)

Downton Abbey characters’ horror at Inns of Court poverty
(DBN)

A Prosecutor’s Perspective: "Looking at human beings through the wrong end"
(DBN)

Another Stupid Defense Of Law School
(DBN)

Which Law School Has The Best Career Prospects? (2015)
(DBN)

The 10 Toughest Law Schools To Get Into
(DBN)

Law students among the lowest earners in new graduate salary list
(DBN)

As law schools struggle, Tampa Bay campus gets a new name
(DBN)

Make It Perfect; Then Send It To Me
(DBN)

Thieves Leave Behind ‘White Sticky Goo’ After Law Firm Break-In
(DBN)

Is the Legal Profession Showing Its Age?
(DBN)

5 things I wish I’d known about being a London lawyer when I was starting out
(DBN)

Law Firms: Cut Costs, Attract Clients, Boost Profits
(DBN)

George Clooney's wife Amal has taken husband's name according to law firm website
(DBN)

The Most Impressive Thing About The iPhone 6 Plus --- 14 Of The Best Apps That Take Advantage Of iOS 8's New Notification Center Widgets
(DBN)

iPad tip: don't let your iPad ring in court!
(DBN)

I Went To AT&T To Buy An iPhone 6 Plus And They Laughed At Me
(DBN)

The 15 Best Productivity Apps For Getting Things Done
(DBN)

Wyoming man accused of stealing train in work dispute
(DBN)

How Oscar Pistorius Could Escape Prison Time --- Kills Girlfriend, Gets Community Service --- Pistorius Court Told He’s a ‘Broken Man,’ Should Avoid Prison
(DBN)

Asset seizures fuel police spending --- John Oliver on Civil Forfeiture
(DBN)

Feds Ask Full Sixth Circuit to Review Amish Beard-Cutting Case
(DBN)

Appeals Court Hears Chimpanzee Rights Case
(DBN)

SEC: Senior attorney downloaded so much p--- that he ran out of hard-drive space and started burning p--- to DVDs he kept around his office
(DBN)

Judge Rules 'Up-Skirt' Photography Is Not A Violation Of Women's Privacy
(DBN)

Ex-employee charged with using law firm trust checks to make personal mortgage payments for 7 years
(DBN)

Man practicing open-carry robbed of his gun by armed stranger
(DBN)

Former NFL exec: Teams hid 'hundreds' of abuse incidents
(DBN)

17 Years in Prison, She's Freed by Judge
(DBN)

Chicago generated 77,000 additional red-light tickets by shortening yellow-light times, report says
(DBN)

Denmark Moves to Ban Animal S-- Due to Rise in Tourism
(DBN)

Come ride in my lime green Lamborghini, says law firm boss
(DBN)

Meet the puppy who doesn’t bark in court
(DBN)

Potential juror is jailed over Internet research on billionaire’s DUI manslaughter case
(DBN)

The Inaccuracies Grow In Week 3 Of ‘How To Get Away With Murder’
(DBN)

"The Good Wife" - Alicia The Player
(DBN)

______________

Judges:

Judges Hit the Stump as Outside Money Pours Into Judicial Races
(DBN)

How Health Concerns Dashed A Judge’s Supreme Court Dreams
(DBN)

The Roberts Court's 10th Year: A Term of Deja Vu
(DBN)

Roberts Considered Representing Clinton in Jones Supreme Court Case
(DBN)

Karl Rove’s Efforts to “Buy” Courts Harms America, Says Legendary Attorney
(DBN)

What Did They Put in the Water of PA’s Prosecutors?
(DBN)

______________

Wall Street:

U.S. stocks : Futures climb
(DBN)

US indexes slide, led by energy stocks
(DBN)

US stocks close out worst week since May 2012
(DBN)

Global Growth Is Falling And Its Bringing Down Stocks
(DBN)

Deutsche Clampdown On Bad Behavior Prompts Exodus Of Traders
(DBN)

Here's What Some Top Wall Street Strategists Predict For The Global Economy
(DBN)

Despite Declines, Stocks Are Still Expensive
(DBN)

Goldman: Strategies For Surviving The Stock Market Whiplash
(DBN)

______________

Layoffs:

Apple supplier GT Advanced cuts nearly 900 jobs
(DBN)

Delaware court affirms refusal to extend WARN Act liability to private equity sponsor
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Food/Beverage:

Fox & Hound Former Owner Wants More Time for a Plan
(DBN)

Crumbs to Reopen Shops in Major Cities --- Resurrected Giant Cupcakery Crumbs Now Wields 'Baissants'
(DBN)

____________

Electricity:

Energy Future Creditors Bemoan Loss of Higher Basis
(DBN)

Longview Power asks judge to OK Pa. settlement
(DBN)

Energy Future Holdings Is Fighting to Give Executives at Least $20 Million in Bonuses
(DBN)

____________

Shipping:

DryShips Is In A World Of Hurt
(DBN)

____________

Banking:

Leaked: JPMorgan Earnings Come Out Early, And They're A Miss
(DBN)

Number of Operating "Problem Banks" Continues to Decline --- Unofficial Problem Bank list declines to 429 Institutions
(DBN)

Banks Back Plan for Failing Lenders
(DBN)

Citi Chairman O’Neill: Too Many Banking Regulators
(DBN)

Fed’s Lacker: Living Wills Will Reduce Risk of Failing Financial Firms
(DBN)

____________

Tech:

Why Apple's Relationship With Sapphire Glass Supplier Soured --- What really happened to the sapphire glass maker and why
(DBN)

GTA Technologies wants to drop Apple's contracts --- GT Advanced Technologies Inc's Sour Apple Deal To Stay 'Secret?' --- GT Advanced Technologies Calls Their Agreement With Apple “Oppressive And Burdensome”
(DBN)

Apple slaps suppliers with a potential $50m fine for leaking secrets
(DBN)

Workers remain tight lipped at Apple supplier
(DBN)

Apple's Master Course on Master Supply Agreements
(DBN)

Bankruptcy turns spotlight on Apple's deals with suppliers
(DBN)

Apple's got a mess on its hands in Mesa, Arizona
(DBN)

The Curse of Apple's Sapphire Factory
(DBN)

How the iPhone 6 may have forced Apple to bankrupt its own sapphire supplier --- Did Apple’s Sapphire iPhone Ambitions Bankrupt This Supplier?
(DBN)

The curse of Apple's sapphire factory
(DBN)

GTAT Probably Heading To $0.00
(DBN)

Trading In GTAT's Shares Could Be Suspended Starting on Wednesday
(DBN)

____________

Gambling:

NJ lawmaker rejects state aid for casino bid
(DBN)

A pivotal time for Atlantic City casinos and unions
(DBN)

Declining casino market helps Atlantic City landmarks sell for pennies on the dollar
(DBN)

Trump Taj Mahal Protests Create Atlantic City Gridlock
(DBN)

Trump casinos seek judge OK to end union contract --- Trump Taj Mahal Stakes Survival on Victory in Union Fight
(DBN)

____________

Television:

Comcast loses round on Houston network plan approval
(DBN)

Comcast May Appeal Ruling in Houston Sports Network Bankruptcy --- Judge may delay start of new network to Oct. 29 to give Comcast appeal time
(DBN)

____________

Finance:

Sticks and Stones May Break Your Bones, but Reliance Waivers Can Still Hurt You
(DBN)

____________

Economy:

Consumer Delinquencies Fall Nearly Across the Board in Second Quarter
(DBN)

The 'Best' Zip Codes In America
(DBN)

Dollar falls on concerns over global growth, Fed comments
(DBN)

One in four Americans think poor people don’t work hard enough
(DBN)

Goldman on 2015: "Potential Renewed Uncertainty around Fiscal Deadlines"
(DBN)

Krugman: Revenge of the Unforgiven - How Righteousness Killed the World Economy
(DBN)

Frenchman wins Nobel in economics for work on 'taming powerful firms' --- Nobel Laureate Jean Tirole Calls for Tough Rules for Big Banks --- The Economist Who Won The Nobel Prize Figured Out Why CEOs Get Such Gigantic Bonuses --- Jean Tirole won the 2014 Nobel Prize in Economics for actually showing us how the real world works
(DBN)

The World Economy is in Trouble --- Why the Fed Worries About Global Economy
(DBN)

Paul Volcker’s Headache: The Bank-Regulator Debate
(DBN)

Where The World's Ultra-High Net Worth Live
(DBN)

New Thinking on Global Inequality
(DBN)

Where America’s college grads are moving
(DBN)

Why is the recovery so weak? It’s the austerity, stupid.
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Americans face post-foreclosure hell as wages garnished, assets seized
(DBN)

The Fannie Mae and Freddie Mac Conservatorship: Bankruptcy Without Rules
(DBN)

City, State Warn Bankruptcy Case Could Undermine Rent Stabilization
(DBN)

Real Estate Agent Boom and Bust
(DBN)

SoCal: September Home Sales up 1% Year-over-year, Distressed Sales and Investor Buying Declines Further
(DBN)

Most ResCap Suits Against Originators Go to Minnesota
(DBN)

Here's How Much Americans Owe On Mortgages In Every State
(DBN)

Ex-foreclosure king hid $7 million from creditors, faces 16-count indictment
(DBN)

Jets Owner Woody Johnson Will Reportedly Sell His Never-Used Apartment For A Record $80 Million
(DBN)

Bankruptcy Might Spell Doom for Detroit's Grand Old Police HQ - Demolition Watch
(DBN)

Thousands of spiders 'bleed out of the walls' and force family from home
(DBN)

____________

Municipalities:

Bankruptcy trial resumes as creditors make their case
(DBN)

Officials consider action over pay increases at DIA --- State lawmaker calls on DIA to reconsider pay raises --- Says DIA Management Raises Are A Misuse Of Taxpayer Money
(DBN)

United Nations rapporteurs to visit Detroit over water shutoff
(DBN)

Detroit creative when it comes to fixing what's broken
(DBN)

Real Housewives of Atlanta Cast Member to Donate $20,000 to Detroit Schools
(DBN)

What They Said: Bankruptcy in the governor candidates’ town hall --- Schauer's bankruptcy answer isn't convincing --- Snyder, Schauer clash over Detroit bankruptcy
(DBN)

Moody's: Regional Detroit water deal 'positive' --- New Detroit water authority may protect bondholders -Moody's
(DBN)

An Introduction to Puerto Rico's New Public Corporation Debt Enforcement and Recovery Act
(DBN)

Q&A: Puerto Rico's Public Corporation Debt Enforcement and Recovery Act
(DBN)

Billionaire: Lawmaker "Selling Out" Atlantic City
(DBN)

Jefferson County Fights to Keep Sewer Bond Increases --- Jefferson County responds to a federal judge's ruling that threatens its bankruptcy settlement plan
(DBN)

Aliquippa leaders searching for the light at the end of the tunnel
(DBN)

No Smoke, No Mirrors: The Dutch Pension Plan
(DBN)

CalPERS CEO on Pensions and Bankruptcy
(DBN)

____________

Politics:

Elizabeth Warren: Obama sided with Wall Street over people losing their homes --- Elizabeth Warren Explains Why Democrats Who 'Protect' Wall Street Are Better Than Republicans
(DBN)

Wall Street Is Pumping More And More Money To Republicans
(DBN)

____________

Retailing:

JCPenney Names Home Depot Executive As Its Next CEO --- But Where's The Vision?
(DBN)

Kmart becomes latest retailer hit by data theft --- Kmart offers free credit monitoring after cyber attack
(DBN)

Alco Stores Files Chapter 11 Bankruptcy, to Liquidate or Sell --- Small-Town Sales Slow
(DBN)

Does Standard General Have RadioShack 'A Little Bit Pregnant'?
(DBN)

____________

Eyeware:

Luxottica CEO Quits After Six Weeks, Shares Tank
(DBN)

____________

Oil/Gas:

Endeavour Files for Bankruptcy in Debt Swap With Bondholders --- Endeavour Files for Swap to Cut Debt by $568 Million --- Endeavor goes bust on North Sea operations --- Endeavour Executes Restructuring Support Agreement --- Houston energy company files for bankruptcy protection --- Blames North Sea assets for ballooning debt
(DBN)

U.S. Oil Producers May Drill Themselves Into Oblivion
(DBN)

Bad News For U.S. Drillers As Saudis Signal No Cuts To Oil Output --- Saudis To The Oil Market: Get Used To Lower Prices
(DBN)

Gasoline Prices Lowest in Nearly a Year --- Oil Prices are Plunging: Don't Cheer Yet
(DBN)

WTI Extends Drop From 22-Month Low as Demand Slows
(DBN)

Producers may wait till crude falls to $80/barrel
(DBN)

____________

Fraud:

Former bank exec indicted, accused of aiding disbarred attorney Scott Rothstein’s $1.2B fraud
(DBN)

Banks harvest callers' voiceprints to fight fraud --- Privacy Concerns
(DBN)

Bangor doctor and son tied to alleged Ponzi scheme charged with tax fraud
(DBN)

Blue Mountain Consumer Discount investors feud over settlement in Ponzi scheme lawsuit
(DBN)

____________

Healthcare:

RBC Ordered to Pay $75.7 Million in Rural/Metro Lawsuit: ‘A fraud upon the board’
(DBN)

Crittenden Regional was on verge of missing payroll, affidavit shows --- Crittenden Hospital saga thickens, but money picture brightens
(DBN)

DMC files to make 565 layoffs official
(DBN)

Poll: Insured and Struggling with Medical Bills
(DBN)

Hospital Staff Quits Over Ebola Fears
(DBN)

Here's Where Ebola Is Going Next
(DBN)

CDC to Hospitals: Think Ebola
(DBN)

The inevitable rise of Ebola conspiracy theories
(DBN)

What happens when the government quarantines people
(DBN)

NYC Has Already Investigated More Than 80 Suspected Ebola Cases — Here's How They're Getting Ready
(DBN)

Judge blocks disposal of Ebola victim's burned belongings in Louisiana
(DBN)

Nurse accused of killing 38 patients she found annoying
(DBN)

____________

Religion:

Landmark suit against St. Paul-Minneapolis Archdiocese is settled --- Plan to handle clergy sex abuse emerges in landmark case
(DBN)

Attorneys, Winona diocese, archdiocese will settle abuse claims --- Diocese calls Adamson's actions 'horrific crimes'
(DBN)

A new turn on priestly sex abuse
(DBN)

Ohio pastor forced vasectomies, abortions because kids divert money away from church: report
(DBN)

____________

Coal:

Arch Coal: Any Chance Of A Rebound?
(DBN)

____________

Derivatives:

Federal Reserve Board and FDIC Welcome ISDA Announcement --- New derivative rules 'offer asset managers nothing'
(DBN)

____________

Student Debt:

Mark Cuban: The Student Loan Bubble Is 'No Different' Than The Housing Bubble
(DBN)

How Honest But Unfortunate Student Borrowers Became Scapegoats in Bankruptcy
(DBN)

Kids’ college loans jeopardize parents’ retirement
(DBN)

College costs: A student, a professor and parents tell their stories
(DBN)

____________

Environmental:

Frisco accuses Exide of minimizing cleanup at closed plant
(DBN)

____________

Video Games:

Allan Fung claims Wall Street investors went bust on 38 Studios deal
(DBN)

____________

Non-Profits:

Bye, Y: YMCAs close amid negotiations, speculation about bankruptcy
(DBN)

____________

Fishing:

Pescanova auditors BDO resign
(DBN)

____________

Paper:

Great Northern Paper filings show deficit
(DBN)

Buyers for paper mills don't grow on trees
(DBN)

Creditors petition for Old Town Fuel and Fiber’s bankruptcy, claiming $1 million in debt
(DBN)

____________

Aviation:

1 Bizarre Way This Airport Balances Its Budget
(DBN)

The Gulfstream G650, The Best Private Jet $65 Million Can Buy
(DBN)

____________

Privacy:

Nearly 7 Million Dropbox Passwords Have Been Hacked
(DBN)

____________

Weather:

Pentagon: Global Warming a Clear and Present Danger
(DBN)

____________

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 (39 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (15 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)

NCBJ 2014: Chapter 9, Closely Held Businesses, e-Discovery, Claims Buying and Sale Free and Clear of Interests --- Fed Economist Says "I've Got to Admit It's Getting Better, A Little Better All the Time (It Can't Get Much Worse)" --- Ethics and Supreme Debate --- Thinking the Unthinkable: Bankruptcy for Large Financial Institutions --- Hedging Your Bets, Examining an Expert and Secured Creditors in Charge --- Chapter 9, Closely Held Businesses, e-Discovery, Claims Buying and Sale Free and Clear of Interests
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy Filings Are Low, But Not Everywhere
(DBN)

30 Stocks Traders Are Shorting Like Crazy
(DBN)

The 10 biggest energy company bankruptcies
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

______________

Miscellaneous:

The Week Ahead
(DBN)

____________

Marijuana:

Weil: #Hashtag: Thinking of Starting Your Own Marijuana Business?
(DBN)

____________

Calendaring:

Closed for Columbus Day Because of Bankruptcy Rule 9006(a)(6)
(DBN)

____________

Environmental:

Environmental Claims: The Gift That Keeps On Giving
(DBN)

____________

Plan Confirmation:

The Momentive Decisions: Cram-Down Interest Rates and Make-Whole Mania
(DBN)

____________

Cross-Border:

Supreme Court's Denial of Certiorari Strengthens Intellectual Property Licensees' Protections in Cross-Border Insolvency Cases
(DBN)

____________

Insurance:

D&O Insurance: Insured vs. Insured Exclusion Applicability to FDIC Failed Bank Claim Held Ambiguous
(DBN)

____________

TBTF:

Banks Back Swap Contracts That Could Help Unwind Too-Big-to-Fail --- Change in Derivatives Contracts Goes Only So Far
(DBN)

Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap
(DBN)

Lacker Says Bankruptcy Code Should Handle Bank Failures --- Lacker: Living Wills Only Realistic Way To End TBTF
(DBN)

When the Art of the Deal Becomes a Crime
(DBN)

Bernanke Testifies That He Was Reluctant to Lend Money to A.I.G.
(DBN)

Bernanke Denies Bailout Terms Were Meant to Punish AIG --- Bernanke: Government Wanted to Save AIG, Not Punish It
(DBN)

Jon Stewart Destroys Hank Greenberg Over His AIG Lawsuit
(DBN)

AIG Bailout Architects Leave Questions for Executives
(DBN)

U.S. and UK to test big bank collapse in joint model run --- Financial ‘war game’
(DBN)

Cross-Border Recognition of Resolution Actions
(DBN)

____________

Construction:

XL Specialty challenges Trulands effort to block assets from federal lawsuit
(DBN)

____________

Autos:

In GM bankruptcy , an ex-con and hedge funds find common ground
(DBN)

Who will take the claims? New General Motors or Old-GM?
(DBN)

The Auto Loan Business Is Booming, And Regulators Want To What's Going On
(DBN)

2014: Auto Industry's Winners and Losers
(DBN)

5 Things to Know About Fiat Chrysler's US Listing --- Fiat Chrysler shares close down in 1st day on NYSE
(DBN)

Electric Porsche
(DBN)

____________

Alternative Energy:

The Bell Tolls for KiOR
(DBN)

Solar Stocks Waving A Major Red Flag
(DBN)

____________

Celebs:

Teresa and Joe Giudice 'Ordered to Keep Their Finances Separate' as They Prepare for Jail
(DBN)

Sentenced to prison for fraud, Joe and Teresa Giudice face the damage they've done to their four girls
(DBN)

Angie Everhart's Bankrupt From Cancer Fight
(DBN)

____________

Sovereigns:

Stiglitz: The world needs a sovereign debt restructuring mechanism
(DBN)

Meeting At World Bank Points To Sovereign Debt Solutions
(DBN)

‘Argentina is not precluded from international credit, it has decided not to take it’
(DBN)

Argentina bonds : high yielding for a reason
(DBN)

Argentina and Hedge Fund Negotiations To Resume In 2015
(DBN)

Economic projections reignite IMF tensions
(DBN)

Lawyers in Argentine debt dispute to meet with mediator --- Special Master Pollack to meet with Argentina's and holdout lawyers next week
(DBN)

Holdouts to seek contempt for Central Bank, Banco Nación
(DBN)

Warning bells sound as low-income countries start issuing bonds
(DBN)

____________

UK:

National retail chains speed up high street exodus, data shows
(DBN)

UK Supreme Court Modernizes Agent's Duty to Account
(DBN)

UK banks pay out $2.5 billion for swaps mis-selling
(DBN)

Quinn Emanuel hired for RBS restructuring lawsuit
(DBN)

____________

EU:

Germany will stick to zero deficit target, Merkel aide says
(DBN)

____________

PIIGS:

ie: Drumm's US sanctuary to end as gardai seek extradition --- David Drumm: the rise and fall of a banking baron --- €920 charge for going bankrupt faces cut to €400 --- Bankrupt solicitor seeks to set aside judgment as Judge had bank shares --- Irish plan growth budget after 6 years' austerity
(DBN)

Italy on Sale to Chinese Investors as Recession Bites
(DBN)

Greece Is Getting Demolished, And Its Bond Yields Are Soaring
(DBN)

____________

Germany:

The German Economy Is Crumbling
(DBN)

German sub bonds rocked by threat of stress test failures
(DBN)

Krugman: German Weakness
(DBN)

____________

France:

France's Subnational Insolvency Framework
(DBN)

____________

China:

Chinese economy to expand steadily: official
(DBN)

China's Economic Rise Challenges The IMF's Relevance
(DBN)

Chinese Property Company Crashes After Chairman Is Detained
(DBN)

____________

Russia:

The Russian Central Bank Admits Defeat
(DBN)

____________

MENA:

Dubai Stocks Crash
(DBN)

____________

Finland:

Finland Downgrade Should Wake Up All Europe --- The Prime Minister Of Finland Blames Apple For His Country's Economic Problems
(DBN)

____________

Netherlands:

Two accountants suspended over Ecoconcern accounts
(DBN)

____________

India:

Espirito Santo India arm riding out a storm
(DBN)

There Are Factories In India That Make Absolutely Nothing
(DBN)

____________

Taiwan:

Taiwan High Speed Rail Near Bankruptcy
(DBN)

____________

Pakistan:

Pakistan on the verge of bankruptcy , says Imran
(DBN)

____________

Hong Kong:

Hong Kong Police Are Starting To Clear Out Protest Barricades
(DBN)

____________

Australia:

Update on the Recognition of the Australian Liquidation of Octaviar: Satisfying the Debtor Eligibility Requirements in a Chapter 15 Case
(DBN)

Aussie majors await bail-in news
(DBN)

____________

Mexico:

Oceanografia Mediator Said to Deny Some Citigroup Claims
(DBN)

Mexico: Bodies in Mass Grave Not Students
(DBN)

____________

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