October 9, 2014

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Law:

Sharon Levine: Prepa Restructuring Will Impact Many Stakeholders --- Mark Leder: Public Scrutiny Makes Prepa Restructuring Unique
(DBN)

Does using Gmail put attorney-client privilege at risk?
(DBN)

A Year of Slow But Solid Growth for Global 100 Firms
(DBN)

Biglaw Chairperson Entirely Unexcited About New Job
(DBN)

A Myth That Motivates Mergers
(DBN)

Skadden Arps and Kirkland & Ellis top global M&A rankings
(DBN)

Wilson Sonsini opens second Delaware office with ex-Chancery chief at helm
(DBN)

Legal Industry Disruption: Watson, I Presume?
(DBN)

Cooley Law Plans To Shutter Ann Arbor Campus
(DBN)

alt.legal: Can A Lawyer Change His Or Her (Pin)stripes?
(DBN)

LawProse: "pled" or "plead"?
(DBN)

Multitasking Damages Your Brain And Career, New Studies Suggest
(DBN)

Back In The Race: Pit Stop
(DBN)

Google Chair Eric Schmidt's 8 Best Pieces Of Career Advice For Young Professionals
(DBN)

The View From Up North: Law Society Investigations Process Should Be Investigated
(DBN)

I've Had The BlackBerry Passport For 2 Weeks And There's Only One Reason I Would Recommend Others Buy It
(DBN)

ROR — ‘Return On Relationships’ Is How To Measure Social Media
(DBN)

Arkansas deputy AG cut to pieces while trying to defend prison beard-cutting policies
(DBN)

7th Circuit explains how acquitted murder defendant can still be punished by sentencing judge
(DBN)

Woman is arrested after complaining to police about unflattering mug shot
(DBN)

‘I’m A Lawyer’ Threat Ends In Internet Humiliation
(DBN)

Police stop over unbuckled seat belts leads to chaotic arrest and federal civil rights suit
(DBN)

Couple Had S-- In Rear Seat Of Police Cruiser
(DBN)

Missouri Officials Prepping For Riots If Ferguson Officer Not Indicted... 'You Will See A Lot Of Carnage' --- St. Louis Police Officer Fatally Shoots Man
(DBN)

‘How To Get Away With Murder’ Is Just Wrong
(DBN)

______________

Judges:

New bankruptcy judge sought to replace retiring Louis Kornreich
(DBN)

Scalia On Sotomayor: ‘I Knew She’d Be Trouble’
(DBN)

Justice Anthony Kennedy blocks same-sex marriages from beginning in Idaho --- Conservative Nevada Judge Recuses Himself From Ending Marriage Ban
(DBN)

Court Shockingly Refuses To Accept Money From Defendants’ Disgusting Underwear
(DBN)

______________

Wall Street:

US Stock -Index Futures Rise
(DBN)

Stocks roar Fed approval; dollar, bond yields wilt
(DBN)

It Took Just Two Sentences From The Fed To Make The Stock Market Go Wild
(DBN)

Here's What You Can Earn Working At Goldman Sachs
(DBN)

Goldman Sachs Turns to Digital Surveillance to Catch Rogue Bankers
(DBN)

Goldman On The Hook For 200 Of The 1,000 Hours Libya’s Lawyers Spent Parsing One Witness Statement
(DBN)

Stocks: 3 things to know before the open
(DBN)

______________

Layoffs:

Employers take record-long time to fill job openings
(DBN)

The future of jobs: "Computers are getting smarter and we are not"
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Aviation:

Passenger traffic fails to keep pace with expansion at American Airlines
(DBN)

Airlines Let Sharp Elbows Fly in Dallas Airport's Reshuffle
(DBN)

Service without a smile: why airlines aren't nice
(DBN)

____________

Derivatives:

Calling Time on Swap Til You Drop Derivatives Party
(DBN)

Armageddon delayed - Throwing sand into the gears of the financial doomsday machine
(DBN)

Large banks to meet with Fed over derivatives
(DBN)

Investors warn on crisis plan for derivatives
(DBN)

____________

Gambling:

If Manhandling A Guy From Moelis & Co., Shouting “Meet Me Outside” After A Bankruptcy Hearing Is Wrong, This Property Investor Doesn’t Want To Be Right
(DBN)

Atlantic City Hotel Union Says No to Carl Icahn
(DBN)

Workers to block Atlantic City streets in Trump protest --- Dozens arrested in Trump Taj Mahal protests in Atlantic City
(DBN)

A casino architect believes fixing Revel isn't difficult
(DBN)

____________

Healthcare:

Healthcare Debt Woes are Worsening in the US --- There's A Ridiculously High Chance Your Hospital Bills Are Wrong
(DBN)

Crittenden Regional Hospital leadership states that they were clueless about dire revenue situation until weeks before closing
(DBN)

Crittenden County officials paying bonds on Crittenden Regional Hospital
(DBN)

Defunct Physicians United Plan owners file $500M lawsuit against accountants
(DBN)

Ebola: are thermal scanners effective prevention tools or just a placebo?
(DBN)

Dallas Ebola Patient Dies
(DBN)

____________

Fraud:

Moncure indicted on federal fraud charges, faces up to 200 years
(DBN)

How a doctor, a trader, and the billionaire Steven A. Cohen got entangled in a vast financial scandal
(DBN)

LeNature's settles with accounting firm
(DBN)

____________

Oil/Gas:

Sub-$90 Oil Threatens US Shale Boom
(DBN)

____________

Student Debt:

Share of Affluent Students Who Borrow for College Doubles
(DBN)

____________

Economy:

US Deficit Drops Again Sharply
(DBN)

Economy, Government Top Election Issues for Both Parties
(DBN)

Fed Minutes Show Concern About Weak Overseas Growth, Strong Dollar --- Stocks Rally
(DBN)

Bad News: Even Long-Term Expectations of Inflation Are Falling
(DBN)

FOMC Minutes: "Costs of downside shocks to the economy would be larger than those of upside shocks"
(DBN)

CBO Estimate: Budget Deficit declines to 2.8% of GDP The Deficit Is Down, and Nobody Knows or Cares
(DBN)

Study: Borrowing Among Youngest and Oldest Consumers Shifts in Last Decade
(DBN)

Hold on China, U.S. Still World’s Top Economy by Main Benchmark
(DBN)

Krugman: In Defense of Obama
(DBN)

Economic growth worries weigh on markets
(DBN)

IMF Says Slower Spending Cuts Could Make Room for Labor Reforms
(DBN)

IMF: global 'flare-up' could wipe $3.8 trillion off economy --- IMF Urges More Productive Investment; Less Speculation
(DBN)

Why Medical Debt Is Soaring Out of Control
(DBN)

Citi: These 6 Huge Trends Are Completely Reshaping The World Economy
(DBN)

No Disney Fun for Orlando Workers as Poverty Nears 20%
(DBN)

Seniors struggle to afford retirement
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
(DBN)

Las Vegas Real Estate in September: YoY Non-contingent Inventory up 29%, Distressed Sales and Cash Buying down YoY
(DBN)

5 housing trends for fall 2014
(DBN)

Manhattan apartment rents resume rise
(DBN)

___________

Municipalities:

Official: 'Anything on table' in FGIC deal
(DBN)

Why put a price on priceless art?
(DBN)

Top 2 at DIA got boost in compensation after millage
(DBN)

First major tests of the new-found harmony between the mayor's office and city council?
(DBN)

Snyder: City could be out of bankruptcy in 30-60 days
(DBN)

A California Ruling Is More Bad News For Philly Teachers
(DBN)

Stockton's Unlearned Lessons
(DBN)

As Energy Boom Ends, a Political Identity Crisis in Alaska
(DBN)

Arizona's Financial Picture Dims
(DBN)

____________

Retailing:

JC Penney Cuts Same-Store Sales Forecast
(DBN)

Vultures Circle Sears & JC Penney: Rumors, Weak Sales Cause Free Fall
(DBN)

Sears Shares Sink on Report of Vendor Halt --- Sears defends self against report of vendor issue
(DBN)

RadioShack Corporation Won't Go Out of Business Just Yet --- RadioShack's Restructured Financial Deal To Provide Much Needed Cash For Its Operations
(DBN)

J.C. Penney stock plunges, but the company is doing better
(DBN)

Costco profit tops estimates for first time in 5 qtrs --- Why People Can't Get Enough of Costco
(DBN)

Gap Shares Plunge After The Company Announces A New CEO
(DBN)

Customers may lose out as Gediman’s owners plan to file for bankruptcy
(DBN)

____________

Tech:

GT Advanced bankruptcy : A warning to Apple suppliers
(DBN)

Apple’s Dream of Tough IPhone Glass Trips Up GT Advanced
(DBN)

Apple was caught off guard by partner's bankruptcy --- Apple is now looking into 'next steps'
(DBN)

Should Apple Inc Take the Blame for GT Advanced's Bankruptcy?
(DBN)

____________

Mass Torts:

Motions to seal asbestos claimants’ info too vague, parties argue
(DBN)

News Outlet Objects to Sealing Push in Bankruptcy Litigation
(DBN)

Corning Watch: Judge OKs Pittsburgh Corning Corp. plan
(DBN)

Litigation success brings layoffs for 17 attorneys at law firm representing Halliburton
(DBN)

Affiliates Split With National Chamber on BP Settlement
(DBN)

Freeh Demands Return of Cash BP Paid to Alabama Shrimper
(DBN)

____________

Hotels:

National Republic Bank ex-CEO accused of plotting to seize borrower assets
(DBN)

____________

Celebs:

Teresa Giudice Calls Prison Sentence 'Life Lesson That I Need to Learn'
(DBN)

Vince Young's Houston home hits the market
(DBN)

____________

Education:

Why colleges in bankruptcy should have access to federal financial aid
(DBN)

____________

Corporate Reform:

U.S. Prosecutor Geoffrey Graber Masterminded $37 Billion Bank Penalty Win
(DBN)

US regulators tighten grip on Wall Street lending -sources
(DBN)

____________

Financial Privacy:

JPMorgan Hackers Said to Probe 13 Financial Firms
(DBN)

____________

Religion:

Diocese of Winona Has No Plans to File for Bankruptcy
(DBN)

____________

Alternative Energy:

KiOR fights ex-director as debt nears due date
(DBN)

____________

Franchises:

How Bankruptcy Affects Franchise Agreements
(DBN)

____________

Weather:

Drought: Slow Motion Disaster Out West
(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 (22 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 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:

Interactive Bankruptcy Statistics Map
(DBN)

______________

Professional Compensation:

In Asarco Case, Supreme Court Will Decide Whether $5M Fees and Costs Incurred Defending Fee Application Is Compensable
(DBN)

____________

Cross-Border:

Germany's Rena Lange Launches US Bankruptcy
(DBN)

U.S. Causes of Action and Attorney Retainer Fund Sufficient Assets for Chapter 15 Recognition
(DBN)

____________

IP:

Questioning the Executoriness of Trademark Licenses in Integrated Agreements
(DBN)

Supreme Court Declines to Review Ruling on IP Licenses Subject to Foreign Bankruptcy Proceedings -- Supreme Court Denies Cert, Bolstering U.S. License Holders' Rights Against Foreign Debtor
(DBN)

____________

Venue:

The Short Case for Venue Reform
(DBN)

____________

Secured Debt:

Just When You Thought You Were Out, They Pull You Back In
(DBN)

____________

Avoidance Actions:

R-E-C-O-V-E-R: Find Out What It Means to the Third Circuit
(DBN)

Uniform Voidable Transactions Act Approved by Uniform Law Commission to Replace UFTA
(DBN)

____________

Recharacterization:

Focusing on Intent in Recharacterization Analysis, Delaware Bankruptcy Court Ruling Indicates that Creditors Seeking Derivative Standing Face High Hurdle
(DBN)

____________

Exit Strategy:

Taking a Stand Where Few Have Trodden: Structured Dismissal Held Clearly Authorized by the Bankruptcy Code
(DBN)

____________

Sales:

Opportunistic Acquisitions: Buying Assets Through Bankruptcy
(DBN)

____________

Bankruptcy Rules:

Proposed Bankruptcy Rule and Official Form Changes
(DBN)

____________

TBTF:

Geithner Spars With Starr's Attorney Over AIG's Role in Its Near Collapse --- ‘Crazily High’ AIG Rate May Have Been Forced on N.Y. Fed --- Geithner Testifies He Was Responsible for AIG Loan Rate --- Geithner: AIG losses were exceptional compared with other firms --- Geithner: NY Fed unsure until last minute about AIG loan --- Geithner Blames AIG Management for Company Failures --- A.I.G. Trial Puts Geithner, and His Book, on Hot Seat --- Geithner Asked Buffett for Opinion on AIG Before 2008 Bailout --- Making Sense of the Farcical Hank Greenberg-AIG Trial: Four Blunt Points
(DBN)

Global Banks Set to Ink Deal Helping End Too Big To Fail
(DBN)

Derivatives reform aims to prevent another Lehman
(DBN)

____________

Sovereigns:

Sovereign Debt Update
(DBN)

____________

UK:

Eccentric Billionaire Mike Ashley Is Playing With Rangers FC As If It Was A Dying Mouse
(DBN)

29,000 Students At A Top London University Have Been Caught In A Reply-All Email Chain Of Epic Proportions
(DBN)

PwC questions Carbures' accounting treatment
(DBN)

High street decline continues --- Rate of UK retail closures declines says PwC
(DBN)

____________

EU:

Poland cuts rates as Germany and Russia fears weigh on economy
(DBN)

____________

PIIGS:

Spain Suspends Carbures Shares as Auditor Questions Statements
(DBN)

Portugal's ESFG Files for Bankruptcy on Failed Protection
(DBN)

____________

Canada:

US Steel bankruptcy case: 5 critical questions
(DBN)

Judge approves controversial US Steel bankruptcy loan
(DBN)

‘Considerable progress’ in U.S. Steel bankruptcy case: Judge
(DBN)

Conrad Black 'not welcome' in Ontario capital markets, lawyer argues
(DBN)

____________

Germany:

German exports plunge by largest amount in five-and-a-half years
(DBN)

German Growth Forecasts Slashed
(DBN)

____________

Hong Kong:

The six-page letter that could fell Hong Kong's leader
(DBN)

____________

Russia:

Businessmen are 'serfs' in Putin's Russia, warns Sergei Pugachev
(DBN)

Things In Russia Are Much Worse Than They Look
(DBN)

Russia Has Burned $55 Billion To Prop Up The Ruble ... And It's Still Losing --- Here's Who's Getting Hammered By Russia's Falling Ruble
(DBN)

Russia Seeks Sanctions Tit for Tat - Foreign asset seizures
(DBN)

Russia to Appeal ECHR Yukos Case Verdict by October 30
(DBN)

Russia Set Aside $83 Billion for Pensioners. Putin Is Using It to Aid Russia Inc.
(DBN)

____________

Argentina:

IMF forecasts two years of recession for Argentina --- Gov't rejects IMF forecasts
(DBN)

____________

Brazil:

As money runs out, fallen tycoon Batista faces the law
(DBN)

____________

India:

Sugar mill defaults on bank loans, others may follow
(DBN)

____________

Mexico:

Mexico’s Alemans to Invest in Oceanografia to Get Control
(DBN)

____________

The Daily Bankruptcy News is primarily a curated news link gathering service.   This means that most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription.  These links are currently marked with a "DBN" notation. The cost of a subscription is $58/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.  

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list.
If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-402-3957 or at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

 

Copyright 2014