September 17, 2014

The Daily Bankruptcy News

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Law:

Biglaw Firm Figures Out A Way For Clients Not To Pay For First-Year Associates
(DBN)

Law Students Need to Hear about ‘Dark Side’ of Being a Lawyer, says Professor
(DBN)

The Magic Circle vs. New York’s Elite
(DBN)

Defense Argues For Dismissal of Charges Against Ex-Dewey Leaders
(DBN)

Should partners lose their couches and corner offices? Paul Hastings considers changes
(DBN)

Five Reasons to Outsource your Legal Administration Needs
(DBN)

What It’s Like To Be A Solo In-House Lawyer
(DBN)

FSU Law School to Hold Memorial Service for Murdered Professor Dan Markel
(DBN)

You Can Do Anything With A Law Degree — Like Sell Cake Pops!
(DBN)

Man Sues Akerman, Says He Was Beaten During Deposition
(DBN)

Bingham Loses Bulk of London, Frankfurt Offices to Akin
(DBN)

SEC's Mary Jo White on Women in the Law
(DBN)

Law School Cuts Tuition, But We Still Have A Long Way To Go
(DBN)

Troubled Law School Defaults On Its Bonds, May Be Forced To Cease Operations
(DBN)

Suspended law student sues Penn State Dickinson, says law school denied her a fair hearing
(DBN)

An Illustrated Guide On How To Avoid Drafting Horrible ESI Discovery
(DBN)

LawProse: "judgment"
(DBN)

Mobile devices are a minefield for law firms
(DBN)

Beyond Biglaw: Advice For Job-Hunting Law Students — Ask About Alumni
(DBN)

What Does Lawyering From Home Say About You? Either You’re A Genius Or Unemployable
(DBN)

Help, I'm a Rock - Who could possibly care about which 10 books influenced lawyers
(DBN)

Wilson Sonsini tech engineer charged with insider trading --- Firm: ‘deeply disturbing’
(DBN)

What To Expect At The Apple Store When You Pick Up Your New iPhone 6 This Friday
(DBN)

Apple iOS8 Available Wednesday --- We Can't Wait To Try These 10 New Features In iOS 8
(DBN)

Everyone Loves The iPhone 6 --- iPhone 6: Apple's Cure for Android Envy --- Foxconn Struggles to Meet New iPhone Demand
(DBN)

To Solve Phone Addiction, App Shows How Many Times You Check Your Phone
(DBN)

This Man Demanded An iPhone 6 As Dowry For Marrying Off His Sister
(DBN)

Doctor: Keep Cellphones On 'Airplane Mode' While In Pockets To Lower Cancer Risk
(DBN)

Teen busted for rubbing -------- on customer's takeout pizza
(DBN)

Prosecutors: Mother of 4 R---- Sleeping Man
(DBN)

Lawyer and Teachers Say NYC Hotel Employee Accused Them of Being P-----------
(DBN)

S--, Shoe Bonuses For Interns NBD At UBS
(DBN)

Court Rules Woman's Virginity Is Worth $5,000
(DBN)

Black High School Football Team Taunted With Bananas Before Game
(DBN)

Woman Commits Suicide by Jumping Into Crocodile Pit
(DBN)

Some Gamblers Wind Up Signing Their Own Arrest Warrants
(DBN)

Former law firm worker takes plea in $197K embezzlement case
(DBN)

Florida man kills his sister at her 40th birthday party while attempting ‘Tombstone’ gun stunt
(DBN)

The U.S. imprisonment rate has fallen for the fifth straight year. Here’s why.
(DBN)

A Conversation with NFL Players Association President Eric Winston
(DBN)

Major Sponsors Now Voicing Disapproval of NFL's Constant Scandals --- Cover Girl's New NFL "Game Face" Ad
(DBN)

NFL Star Adrian Peterson Suspended --- NFL Players Union Appeals Suspension Of Ray Rice
(DBN)

Limbaugh on Women: Saying No is Consent
(DBN)

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Judges:

CO: Judge Elizabeth E. Brown Reappointment Application Notice
(DBN)

Judicial Conference Receives Budget Update, Forwards Rules Package to Supreme Court --- Federal Judiciary Approves Civil Discovery Rules Changes
(DBN)

‘Sovereign citizen’ battles cops during ‘full-frontal assault’ on courthouse
(DBN)

Judge overheard by juror trashing 'stupid' discrimination case --- There is news and then there is The New York Daily News
(DBN)

Judge Kozinski Wants John Galt!
(DBN)

Sonia Sotomayor Spent the Summer Reading Up on Antonin Scalia
(DBN)

Imprisoned for plotting to kill federal judge, law grad wants to play the violin in supermax
(DBN)

Courts Use Copy and Paste, Too
(DBN)

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Wall Street:

US Index Futures Are Little Changed Before Fed Decision
(DBN)

World stocks mostly higher ahead of Fed statement
(DBN)

U.S. Stocks Jump Ahead of Fed
(DBN)

Companies' Stock Buybacks Help Buoy the Market
(DBN)

Fed’s exit plan may be a bumpy ride for investors
(DBN)

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Layoffs:

The Next Wave Of Microsoft Layoffs Is Expected To Hit Thursday
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Fraud:

For Decades, Ex-Corporate Raider Holds Off SEC Effort to Collect $62 Million Judgment
(DBN)

Group forms to represent TelexFREE victims
(DBN)

Shoe Company: Our CEO Just Disappeared And Most Of The Money Is Gone
(DBN)

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Health Care:

Adams County approves $3M loan for hospital sale
(DBN)

The Uninsured Rate Just Plunged To Its Lowest Level Since The 90s
(DBN)

Closing arguments scheduled in liability trial involving spine surgeries
(DBN)

____________

Gambling:

Trump Plaza to become latest Atlantic City casino to close
(DBN)

Then there were 8: Trump Plaza shutdown marks a bad summer for Atlantic City casinos
(DBN)

Will Trump rescue his former casino empire?
(DBN)

A Gloom Has Taken Over The Biggest Gambling Center On The Planet
(DBN)

Margaritaville owners file for Chapter 11 bankruptcy
(DBN)

Straub Strong-arms Revel to a September 24 Auction Date
(DBN)

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Banking:

Failed NC Bank Execs Granted Summary Judgment on All FDIC Claims
(DBN)

Florida regulators probe Espirito Santo Bank
(DBN)

Credit Suisse loans under US Fed scrutiny
(DBN)

____________

Student Debt:

Putting Student Debt in Some Much-Needed Perspective
(DBN)

Strike student debt!
(DBN)

____________

Aviation:

Plenty of lawsuits, but the take is uncertain in Myrtle Beach-based Direct Air’s bankruptcy
(DBN)

Why United Will Try $100,000 Buyouts to Shed a Few Flight Attendants
(DBN)

American, US Airways agents vote to join a union
(DBN)

Can Pilots Even Fly Airliners Anymore?
(DBN)

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Space:

NASA picks Boeing, SpaceX to launch US astronauts to ISS
(DBN)

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Religion:

Bankrupt diocese receives 34 claims of sexual abuse
(DBN)

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Personal Finance:

Here's What Mark Cuban Wishes He Knew About Money In His 20s
(DBN)

10 foods never worth paying full price for
(DBN)

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Electricity:

Bankrupt Energy Future to offer auction plan amid bidding war
(DBN)

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Consumer Finance:

Cuomo administration launches 'hard money' probe
(DBN)

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Economy:

US Incomes Edge Higher for First Time Since Recession
(DBN)

Why So Many Americans Believe the Recession Never Ended
(DBN)

Poverty in U.S. Declines for First Time Since Before Recession --- U.S. poverty rate drops to 14.5% --- More than 45 million people in poverty --- The Poverty Rate In America Has Been Going Nowhere For Decades --- We’re actually doing better fighting poverty than the poverty rate shows
(DBN)

Income Divergence Between Different Races In America
(DBN)

Test: Are You Middle Class?
(DBN)

U.S. CEOs gloomier about hiring, spending plans: survey
(DBN)

The US Economic Recovery Still Has A Lot Of Life In It
(DBN)

5 Things to Watch at This Week's Fed Meeting --- Eight keys to Fed’s September meeting
(DBN)

What's Keeping the Fed From Raising Short-Term Interest Rates
(DBN)

Why the Fed could still surprise markets
(DBN)

US Producer Prices Unchanged in August
(DBN)

USA is 12th in global well-being poll --- Country Well-Being Varies Greatly Worldwide
(DBN)

Paul Krugman: We Still Don't Know What Technology Is Going To Do To Work
(DBN)

The US Is Gushing Oil
(DBN)

UPS to hire up to 95,000 temp workers for holiday season
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Early Read on Existing Home Sales in August
(DBN)

Mortgage Applications Increase in Latest MBA Weekly Survey
(DBN)

Table of Distressed Sales and Cash buyers for Selected Cities in August
(DBN)

Fed: Why Aren’t More Renters Becoming Homeowners?
(DBN)

Virginia sues 13 banks for $1 bln over alleged mortgage bond fraud
(DBN)

Hell Hath No Fury Like a Female Homebuyer Scorned
(DBN)

MI county sells injured mom’s home over one tax bill, and will keep extra $80,000 profit
(DBN)

15 Ways To Save Space In Your Small Apartment
(DBN)

Colony Unit owners sued for $5 million
(DBN)

Owners of Fall River properties file for chapter 11, blame problems on crime, fire and bankers
(DBN)

TX: Arlington apartment developer files bankruptcy plan
(DBN)

Pittsburgh: Judge signs final order to sell 260-acre Rockpointe property in West Deer
(DBN)

Chicago: Partner to buy property stakes of jailed developer
(DBN)

____________

Municipalities:

Detroit bankruptcy trial live blog, Day 9
(DBN)

The 8th Plan of Adjustment
(DBN)

Bankruptcy trial: Former auto czar, DWSD head to testify
(DBN)

Court's expert witness on Detroit bankruptcy qualified to testify: judge
(DBN)

Judge questions Detroit's pension expectations
(DBN)

Detroit's bankruptcy settlement is far from the end of the story
(DBN)

Retired attorney tapped to serve on 'grand bargain' oversight board
(DBN)

Detroit Consultant Defends Art Value Creditors Call Low
(DBN)

Detroit's Post- Bankruptcy Blues
(DBN)

Protesters drop off 158K signatures to stop Detroit water shut-offs
(DBN)

New Jersey loses 4th casino as Trump Plaza closes
(DBN)

Donald Trump: I 'May' Save Atlantic City After All --- Trump Tweets Possible Play for Atlantic City Casinos --- Donald Trump's Atlantic City history --- Donald Trump: Bankruptcy Genius
(DBN)

Atlantic City's Downfall: Lessons Learned the “Hard Way”
(DBN)

Atlantic City searches for another comeback --- Atlantic City: Decline in the US gambling centre
(DBN)

Puerto Rico to pay $9.7 mn to restructuring consultant
(DBN)

Skyrocketing Pension Costs Mean Higher Taxes or Fewer Services
(DBN)

LA, Chicago Listen Up: Clock Is Ticking For Cities Sitting on Costly Swaps
(DBN)

Do state retirement pensions belong with Wall Street hedge funds?
(DBN)

America's Fifty Best Cities to Live In
(DBN)

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Food/Beverage:

3 Problems Threatening Chipotle's Business
(DBN)

General Mills sees $100 mln in cuts; profit dips
(DBN)

____________

Education:

US sues Corinthian Colleges for predatory loans --- Seeks refunds of private loans --- Sued For Luring Students With Talk Of 'Bogus' Job Prospects
(DBN)

What a Consumer Watchdog's Suit Against Corinthian Could Mean for Other Colleges
(DBN)

The 50 Best Colleges In America
(DBN)

____________

Hotels:

A Lender Is Foreclosing On The Swank NYC Hotel Donald Trump Unveiled On 'The Apprentice' --- CIM Group is Foreclosing on the New York 'Condo-Hotel' and Will Auction It Off
(DBN)

____________

Retailing:

Sears Shares Fall After It Taps Its Billionaire CEO For $400 Million Loan --- Sears: Worst Loan Ever?
(DBN)

Sears Could Be Gone If Slump Lasts Through Christmas
(DBN)

With Coffers Running Dry, Is Sears Holding Corp. Doomed?
(DBN)

For RadioShack, a History of Misses
(DBN)

RadioShack Attack ? And This One's Looking Fatal
(DBN)

Amazon + RadioShack = You've Got to Be Kidding --- Amazon Should Buy Netflix Before RadioShack
(DBN)

RadioShack Slips to Sell on Dismal Q2, Bankruptcy Concerns
(DBN)

Besides RadioShack, 5 Companies You Thought Were Already Bankrupt
(DBN)

Brookstone President and CEO Speltz resigns
(DBN)

U.S. Retail Sales Down in First Half of September
(DBN)

____________

Autos:

GM Seeks To Block Deposition of Former In-House Attorney
(DBN)

U.S. Consumer-Finance Regulator Plans Auto-Lending Examinations
(DBN)

House Panel: Safety Agency Mishandled GM Recall --- Under Scrutiny, Federal Regulator Takes Aim at G.M. for Its Mistakes --- NHTSA to overhaul recall system in wake of GM's 'flawed' culture
(DBN)

____________

Franchises:

Franchises: The Government Keeps Helping People Buy Failing Brands
(DBN)

____________

Lehman:

Hey, Whatever Happened to Lehman Brothers?
(DBN)

____________

Waste:

New potential buyers emerge for Creative Recycling Systems
(DBN)

Penske, Creative Recycling Systems come to agreement on truck fleet
(DBN)

____________

Defaults:

Leveraged loan default rate to remain low in months ahead: LCD survey
(DBN)

____________

Electronics:

Sony deepens loss estimate on struggling smartphone business
(DBN)

____________

Steel:

U.S. Steel Canada shielded from creditors
(DBN)

____________

Taxis:

San Francisco Taxi Industry Decimated
(DBN)

____________

Agriculture:

The decline of the small American family farm in one chart
(DBN)

____________

Toll Roads:

Senator: Indiana protected in Toll Road bankruptcy
(DBN)

____________

Chemicals:

Momentive noteholders appeal plan confirmation, but won’t slow implementation
(DBN)

____________

Theme Parks:

Trustees make no bankruptcy decisions for Conneaut Lake Park --- Bankruptcy protection for Conneaut Lake Park could cost $250,000
(DBN)

____________

New Bankruptcy Opinions
(2 new opinions 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 (7 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)

______________

Jurisdiction:

Back to School: Circuit Courts Provide “Cheat-Sheet” on Stern Consent Issues in Advance of the Supreme Court’s Consideration of Wellness Int’l Network v. Sharif
(DBN)

____________

IP:

The messy problem of IP licensing during insolvency
(DBN)

____________

Sales:

Court Vacates Four-Year-Old 363 Sale Order Based on Bad Faith Filing of an Involuntary Bankruptcy Case
(DBN)

____________

Awards:

The American Lawyer Names Global Legal Awards Grand Prize Winners - Global Finance Grand Prize: The Chapter 11 Restructuring of Arcapita Bank
(DBN)

Mourant Ozannes team scoop top honors at The American Lawyer Global Legal Awards 2014
(DBN)

____________

TBTF:

Tarullo Wants Banks to Pay for Being Too Big: Who Will Pay the Banks?
(DBN)

____________

Tax:

Ninth Circuit Orders New Hearing in Tax Dispute Involving Electronic Arts Co-Founder Hawkins
(DBN)

The OECD Just Unveiled A Historic Plan To Crack Down On Corporate Tax Avoidance
(DBN)

OECD Takes Aim at Corporate Tax Dodgers
(DBN)

New global plans unveiled to crack down on corporate tax avoidance
(DBN)

How Fair is the Tax System in Your State?
(DBN)

____________

Ratings Agencies:

Uh-oh, the credit rating agencies are up to their old tricks again
(DBN)

____________

Television:

75 Comcast SportsNet Houston employees facing layoffs
(DBN)

____________

Pharma:

Siga seeks bankruptcy shelter --- Smallpox Drug Maker Files Bankruptcy to Fight Court Loss
(DBN)

PharmAthene Plunges After Siga Technologies Files For Chapter 11 Bankruptcy
(DBN)

____________

Mass Torts:

Attorney says Garlock’s estimation ‘pales in comparison’ to importance of disclosure
(DBN)

____________

Telecoms:

Downsized Nextel operator is not giving up the fight in Brazil --- Judge Approves NII's First-Day Bankruptcy Court Requests - Company Says Progress Made on Talks With Bondholders Over Restructuring
(DBN)

Nextel co-founders' firm buys back push-to-talk spectrum from Sprint
(DBN)

Nextel Brazil, Mexico, Argentina 'unaffected' as NII Holdings files for bankruptcy
(DBN)

____________

Celebs:

Vince Young Sued for Unpaid Loan He Knew Nothing About
(DBN)

Federal judge declares mistrial in Patti LaBelle case because there are no black jurors
(DBN)

____________

Weather:

Odile Poised to Bring Catastrophic Flooding to Southwest
(DBN)

____________

Debt Collection:

Firm Fights U.S. Consumer Unit's 'Lawsuit Mill' Litigation
(DBN)

____________

Brokers:

Executives of defunct IBD hit with $1.05 million arbitration award
(DBN)

____________

Sovereigns:

Timerman meets Sullivan, warns of 'most severe measures' in default comments spat
(DBN)

Argentina's 'Default' Begs a Few Questions
(DBN)

Argentina slams US for using Default word --- Argentina Summons U.S. Acting Ambassador over 'Default' Comments
(DBN)

____________

UK:

Allen & Overy, Clifford Chance and CMS get call on Phones 4U administration
(DBN)

Why Scots Are Fed Up with the UK
(DBN)

Good riddance, Scotland: We don’t need you
(DBN)

Scotland ready to call London’s bluff over sterling
(DBN)

Here Are All The Places That Won Independence From The UK
(DBN)

London Promises New Powers if Scotland Votes No --- Police brace for unrest --- Banks Fear Runs On ATMs
(DBN)

Phones 4u, with £105m profit and 'cash in the bank', enters administration with CC, A&O and CMS acting
(DBN)

Less than half of Brits carry country's £1.5tn debt burden
(DBN)

Scotland sees fall in company failures after year of dismal data
(DBN)

UK unemployment near pre-crisis 6-year lows
(DBN)

____________

EU:

Lenders hit at ECB over secrecy agreements
(DBN)

How Europe Would Be Redrawn If All The Separatist Movements Get Their Way
(DBN)

European stress tests to challenge banks' political defenses
(DBN)

____________

PIIGS:

Spain Warns Will Block Independence Vote in Catalonia
(DBN)

Goldman partner says Novo Banco should attract foreign bidders --- Espirito Santo's Miami Unit Probed Over Wealth Sales --- Novo Banco board quits in disagreement with BdP
(DBN)

ie: Banks lose millions as insolvency deals vetoed --- Ministers insist Ireland has nothing to fear from OECD proposals --- ie: Banks lose 70% of mortgage debt in bankruptcies
(DBN)

____________

Canada:

Algoma gains liquidity after restructuring plan approved
(DBN)

____________

MENA:

Vatican warned ISIS wants to assassinate Pope
(DBN)

____________

Russia:

Moscow warns against panic as ruble plunges to historic lows
(DBN)

Russia Places Billionaire Evtushenkov Under House Arrest
(DBN)

Russian tycoon's arrest sparks fears of 'second Yukos'
(DBN)

____________

Ukraine:

‘Bankrupt' Ukraine cannot pay for needed reforms to join Europe
(DBN)

____________

India:

Willful defaulter norms don't apply to us: Kingfisher Airlines
(DBN)

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Turkey:

Turkey's Bank Asya dented by Erdogan call
(DBN)

____________

Brazil:

Brazil's Local Court Declares Bankruptcy of Small Bank Banco BVA
(DBN)

Batista’s Bank Accounts Said to Only Cover Daily Expenses
(DBN)

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Denmark:

Deadly shooting at Copenhagen debt court
(DBN)

____________

China:

China Joins ECB in Adding Stimulus as Fed Scales Back --- China central bank injects $81 billion into major banks
(DBN)

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