September 19, 2014

The Daily Bankruptcy News

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Law:

Greenberg, Alvarez Agree to Slash TelexFree Fees
(DBN)

Reinventing The Law Business: A ‘Profits Per Partner’ Emancipation Plan
(DBN)

Baker Botts joins open office trend, moves junior associates to interior area
(DBN)

Biglaw’s Pulse Beats Steadily, Gloom And Doom Notwithstanding
(DBN)

Judge Dismisses Contract Attorney's Suit Against Skadden
(DBN)

Panel Upholds Dismissal of Lawsuit Against Willkie
(DBN)

Shakespeare Didn't Really Want To Kill All The Lawyers, But We Should Deregulate Their Profession
(DBN)

What's Going On Over at Akerman?
(DBN)

Leading Ladies: More Women Are Running Large Law Firms
(DBN)

Law firms rethink their traditionally closed offices
(DBN)

Today’s Tech: A Transactional, Virtual Attorney And Her Mobile Devices
(DBN)

Legal industry moves away from billable hour to alternative fee arrangements
(DBN)

Former top US tax prosecutor joins DLA Piper
(DBN)

Bingham ditched by its own office --- Bingham Loses Bulk of London, Frankfurt Offices to Akin --- The Akin deal is done, but what of the five Bingham refuseniks?
(DBN)

Quinn Emanuel makes 'work on a beach' associate scheme permanent
(DBN)

Officials: Vt. Law School student kills mother, self
(DBN)

Friends mourn Tommy Boggs at his old table at the Palm
(DBN)

Drexel University’s School of Law Receives Unprecedented $50 Million Gift from Thomas R. Kline --- Drexel renames its law school
(DBN)

Reforming the Law School Curriculum From the Top Down
(DBN)

Shut Up Everybody, New 1L Is Going To Explain How Smart He Is
(DBN)

The American Dream, As Told Through A Photoshop Ethics Violation
(DBN)

Insane Lines Have Already Formed For The iPhone 6

7 Rules Of Texting Etiquette Every Professional Needs To Know
(DBN)

iPhone 6 and 6 Plus Review: Big vs. Extremely Big --- Why Apple's New Phones Won't Change the World But Nokia's Will
(DBN)

This Guy Will Make Thousands Of Dollars From People Desperate To Get The New iPhone
(DBN)

The 'Single-Most Disappointing Aspect' Of The New iPhone 6
(DBN)

Apple will no longer unlock most iPhones, iPads for police, even with search warrants
(DBN)

Five Ways To Wear Tan Chinos
(DBN)

Burned Out? How to Know When You’ve Been on the Job a Long Time
(DBN)

How to Switch Jobs Without Making Yourself Miserable
(DBN)

10 Body Language Tips To Make Your Next Presentation Great
(DBN)

Doctor admits he intentionally misdiagnosed cancer, ordered unneeded chemo
(DBN)

Giant Wedding Brawl Took Seven Police Departments to Break Up
(DBN)

Teen Crashes SUV Because Friend Set His Armpit Hair On Fire
(DBN)

Peterson to still receive full $11.75M salary --- Ex-coach: ‘Tragic’ to ban Peterson because child beating ‘gets away from you’ --- Nike cuts contract with star running back --- NFL Teams Are Now Paying $1.5 Million Every Week To Players Facing Domestic Or Child Abuse Charges --- Jon Stewart blasts NFL for its “special brand of spiteful ignorance” --- NFL on women: Football marketer explains “the role of the female.”
(DBN)

Cardinals' Dwyer arrested on assault charges --- NFL star Jonathan Dwyer 'head-butted wife after she refused s--'
(DBN)

Broncos top NFL arrests for domestic violence
(DBN)

Elmo Busted in Times Square
(DBN)

Patient, 60, Says Nurse, 33, Forced Sex On Him
(DBN)

State trooper killed by Pennsylvania 'survivalist' mourned by thousands
(DBN)

Hobby Lobby Used To Thwart Child Labor Suit
(DBN)

Cops: Customer Pointed Gun At Drive-Thru Worker And Demanded A Hamburger
(DBN)

Man holds up convenience store with banana
(DBN)

Woman writes epic open letter to hedge fund bro who allegedly groped her
(DBN)

A Man Used The App Whisper To Document His Standoff With Police
(DBN)

Man Uses Chihuahua as a Weapon
(DBN)

Things Not To Say (Or Admit) To A Law Enforcement Agent (#10)
(DBN)

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Judges:

U.S. senators call for federal judge to resign over wife beating --- Horrifying 911 Call From Federal Judge --- Mark Fuller attorney mum on client's future --- Lawmakers Suggest Impeachment For Judge --- In a strange way, the NFL has done us all a big favor
(DBN)

Justice Antonin Scalia’s brilliant liberal moments
(DBN)

No prosecutor? No defense lawyer? Judge allegedly held trial anyway; 3rd Circuit allows lawsuit
(DBN)

It's Hard To Unseat A Judge
(DBN)

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Wall Street:

US Index Futures Advance With Equity Indexes at Records
(DBN)

Dow, S&P 500 at records as Fed-driven rally continues
(DBN)

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Layoffs:

Wal-Mart to Increase Holiday Hiring by 10 Pct --- FedEx to add 50,000 seasonal jobs --- Kohl's to hire 67,000 seasonal workers --- Retailers may hire most holiday workers since 1999
(DBN)

Microsoft Just Laid Off 2,100 Employees
(DBN)

Warner Bros. To Cut 10% Of Staff
(DBN)

Revised Payroll Data Show Better Mix of Jobs, Nearly Same Total
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Television:

Root! Root! For Root Sports Houston!
(DBN)

Luken announces plan to exit bankruptcy
(DBN)

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Non-Profits:

YMCA of Metropolitan Milwaukee seeks extension for bankruptcy case
(DBN)

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Toll Roads:

Southern California Road Agency Courts Bankruptcy With Highway Addition
(DBN)

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Mass Torts:

Current asbestos trust system provides ‘easy opportunities’ for fraud, bankruptcy attorney says
(DBN)

Peyton Weighs In On Freedom Settlement
(DBN)

$2.9M Freedom settlement aimed at those with 'real economic loss'
(DBN)

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Telecoms:

LightSquared Lost Another $81.4 Million in August
(DBN)

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Alternative Energy:

Why a Chinese Firm’s Solar-Panel Factory in Arizona Failed
(DBN)

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Education:

Boys Prep Files For Bankruptcy
(DBN)

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Tech:

LodgeNet Lenders Sue Over New Restructuring Deal
(DBN)

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Gambling:

Chris Christie: I'll welcome Donald Trump return to Atlantic City
(DBN)

Margaritaville Biloxi food donated as creditors file bankruptcy claims
(DBN)

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Autos:

GM recall problems won't go away soon
(DBN)

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Pensions:

How to shelter hundreds of millions in an IRA account
(DBN)

____________

Economy:

US jobless claims data point to firming labor market --- 14-Year Low
(DBN)

Stock Gains Lift US Household Wealth to a Record --- The nation’s wealth recovers, but largely for those at the top
(DBN)

Wages Grew in Most Large U.S. Counties
(DBN)

Where income inequality has fallen the fastest in America
(DBN)

Banking Hearing on Income Inequality
(DBN)

Economy Weak Because of Stupid Decisions
(DBN)

Philadelphia Fed Posts Huge Gains in Employment
(DBN)

Philly Fed manufacturing index falls to 3-month low in September
(DBN)

How Americans Spend: 1993 vs. 2013
(DBN)

Fed keeps rates low, but brace for the inevitable
(DBN)

Billionaire Club Hits Record High
(DBN)

Yellen Says US Poorest Remain 'Extraordinarily Vulnerable'
(DBN)

Yellen: US Families Need to Boost Savings
(DBN)

Nearly 10 percent of Americans go to work high, survey
(DBN)

Census: Marriage rate at 93-year low
(DBN)

State-Level Changes in Real GDP, 2005-2013
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

US housing starts fall; prior month's data revised higher --- Starts Dropped More Than Forecast --- Broader Trends Look Solid --- Housing start woes go deeper than single-month drop
(DBN)

If Builder Sentiment Is So Bullish, Why Are Housing Starts So Low ?

Homeownership Rates Fell Last Year
(DBN)

Average US 30-Year Mortgage Rate at 4.23 Percent
(DBN)

Call to end Treasury secrecy on Fannie and Freddie gets louder
(DBN)

Obama administration making more big promises on housing
(DBN)

Stabilized Leases Shouldn't Act as Assets in Bankruptcy - Lifestyles of the Rent-Stabilized
(DBN)

How one elderly woman's bankruptcy case could shake up NYC's rent-stabilization laws
(DBN)

Volatile apartment sector reduces US home building
(DBN)

Examiner appointed in HDG Mansur bankruptcy case
(DBN)

Rent Boom: Apartment Construction Hits Highest Level Since 1989
(DBN)

The 9 Worst Property Markets In The World
(DBN)

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Municipalities:

Day 11: Detroit’s Bankruptcy Trial
(DBN)

Blankfein Says Detroit Can Thrive as NYC Did After 1970s Crisis
(DBN)

Rhodes signals DIA is crucial for Detroit's viability
(DBN)

Detroit art museum will sue if city's bankruptcy plan not approved
(DBN)

'We can't get mortgages': Duggan asks expats to help solve Detroit blight crisis
(DBN)

Art expert: DIA sale of art would have dire consequences
(DBN)

Detroit Can Copy Brooklyn With Hip Art, Low Rent
(DBN)

“Bankruptcy is a privilege”: A Q&A on the Detroit Bankruptcy with Melissa Jacoby
(DBN)

Bloomberg, Buffett at Detroit small business event
(DBN)

Warren Buffett: I'm ready to buy in Detroit --- Warren Buffett: 'We would buy a company in Detroit'
(DBN)

Billionaires banter: Buffett, Gilbert talk business philosophy, Detroit investment
(DBN)

Number of millionaires increases in Metro Detroit
(DBN)

19 Cities Where It May Be Easier To Make Your Mark
(DBN)

____________

Corporate Reform:

An Offer You Couldn’t Possibly Want To Refuse
(DBN)

Prosecutors Are Still Chasing Billions in Uncollected Debts
(DBN)

SEC spent $8.6M collecting $3.7M from former corporate raider in $62M case
(DBN)

House Committee to Examine Recent Bank Settlements
(DBN)

____________

Religion:

Catholic Diocese of Spokane lawsuit trial date set for case against bankruptcy lawyers
(DBN)

____________

Autos:

GM Faulty-Ignition Claims Kept in NYC
(DBN)

Consumer Finance Regulators Move to Oversee Large Auto-Lending Companies --- The CFPB Finds a Way to Regulate Car Loans
(DBN)

____________

Politics:

Meet ‘the Elizabeth Warren Wing of the Democratic Party’
(DBN)

Solving for Y with Elizabeth Warren and Suze Orman
(DBN)

Hillary Clinton says women in low-paid jobs are 'really on the brink'
(DBN)

Kentucky Senate candidate’s ‘With Jews We Lose’ slogan not going over well
(DBN)

____________

Debt Collection:

There's A Simple Way To Get Debt Collectors To Stop Humiliating You
(DBN)

The Charity That's Taking on Debt Collectors
(DBN)

____________

Student Debt:

Elizabeth Warren will 'keep hitting' at student loans
(DBN)

The Occupy Movement Takes on Student Debt
(DBN)

Black College Grads More Likely to Graduate With Debt
(DBN)

____________

Taxis:

After Uber, San Francisco Has Seen a 65-Percent Decline in Cab Use
(DBN)

____________

Fraud:

More twists in Rothstein lawyer murder case
(DBN)

Bank of Montreal is sued over Tom Petters' Ponzi scheme
(DBN)

____________

Retailing:

Sears’ New $400 Million Secured Loan: Another Sign of Trouble at the Venerable Retailer?
(DBN)

Sears should liquidate: Credit Suisse
(DBN)

Sears Will Drown In Debt As Savvy Consumers Shop Elsewhere
(DBN)

Sears Promises 5-Minute Delivery
(DBN)

Why Sears Stock Is Slumping
(DBN)

Sears May Have To Liquidate Real Estate To Stay In Business
(DBN)

Rite Aid cuts profit forecast again; shares drop 16 pct
(DBN)

Home Depot Was Hacked After Months of Security Warnings
(DBN)

Sportsman's Warehouse Of Cards To Come Tumbling Down In Q3 And Q4
(DBN)

DELiA*s liquidity crunch raises urgency level
(DBN)

Walmart's Workers Can't Afford Dress Code
(DBN)

Meet The Average Wal-Mart Shopper
(DBN)

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Healthcare:

Some Wealthy Los Angeles Neighborhoods' Vaccination Rates Are As Low As South Sudan's
(DBN)

____________

Food/Beverage:

The Best 'Cheap Eats' In New York City
(DBN)

____________

Agriculture:

Unpaid farmers want trustee for bankrupt guar company
(DBN)

____________

Electronics:

Sony's woes
(DBN)

____________

Corporate Governance:

Delaware Chancery Court Provides Further Support for Forum Selection Bylaws
(DBN)

____________

New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (14 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (51 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)

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Administrative Claims:

No “Good” Deed Goes Unpunished: Court Says Creditor That Delivered Goods Directly to Debtor’s Customer Is Not Entitled to Administrative Expense Priority
(DBN)

____________

Sales:

'Loan-to-Own' Strategy May Lead to Limitation on Credit-Bidding
(DBN)

Purchasers at Bankruptcy Sales -- They can’t be bad and expect to be protected as “good”
(DBN)

____________

UST:

Clifford White Committee Testimony For UST Oversight Hearing
(DBN)

____________

Plan Confirmation:

The Role of Profit in Valuing Chapter 11 Cramdown Paper
(DBN)

SDNY Bankruptcy Court Denies Make-whole Claim and Approves Cramdown of Secured Creditors with Below-market Replacement Notes
(DBN)

____________

Nuclear:

USEC Inc. Sets Effective Date for Emergence from Chapter 11
(DBN)

____________

Tax:

Warren Buffett stands by Burger King tax dodge
(DBN)

____________

Celebs:

Next Lead Singer RL Faces Financial Woes & Files For Bankruptcy
(DBN)

____________

Aviation:

Manchester City CEO Soriano Fined as Part of Spanair Collapse
(DBN)

JetBlue CEO to Quit
(DBN)

Flight Attendants Reveal What To Bring On An Overnight Flight
(DBN)

American Air’s $8,000 Fare Boasts Shrimp Scampi, Privacy
(DBN)

____________

Shipping:

Bankruptcy Judge Approves Eagle Bulk Restructuring Plan
(DBN)

____________

Consultants:

McKinsey Turnaround Consultants Settle Lawsuit Over Their Departures
(DBN)

Epiq Announces Review of Strategic Alternatives; Board Adopts Short-Term Shareholder Rights Plan
(DBN)

____________

Sovereigns:

Why Citibank Is Challenging Order on Argentine Bonds
(DBN)

Argentina holds gun to Citi's head
(DBN)

Citibank fears Argentina will leave if it follows court order
(DBN)

Citibank: Stuck Between Argentina and Judge Griesa
(DBN)

Bad omen for Argentina and Citibank in their appeal over bond payments --- Argentina , Citigroup face tough questioning --- New York Appeals Court promises Citi decision, criticizes bank's case
(DBN)

Capitanich takes aim at banks for 'illegal' dollar operations
(DBN)

Why is Britain siding with the vulture funds?
(DBN)

____________

UK:

The UK Survives: Scotland Says 'no' To Independence --- Pound, British markets up as Scotland stays with UK
(DBN)

PwC Shoots Down Phones 4U Bondholders' Debt-for Equity Plan --- Blow to Phones 4U debt-for-equity swap --- Phones 4u Administrators: Talks 'most live' with 3 parties
(DBN)

Scotland Casts Votes on Independence
(DBN)

Scottish independence: opportunities for the legal profession
(DBN)

5 reasons why independence vote won’t matter to the legal profession because Scottish lawyers already do things so very differently
(DBN)

A gavel and a Marilyn Monroe wig — one university’s idea of the legal system
(DBN)

____________

PIIGS:

Italy to Remain in Recession This Year, Says IMF --- Renzi's father probed for bankruptcy fraud: report
(DBN)

Dubai Regulator Restricts Local Unit of Portugal's Espýrito Santo Group
(DBN)

ESFG threatens lawsuit if Novo Banco doesn't pay out on insurer sale
(DBN)

Bankruptcy Proceedings Opened Against Swiss Espýrito Santo Unit - Liquidator Appointed to Protect Depositors
(DBN)

Portugal Weighs IMF Loan Payback as It’s Not Ireland Yet
(DBN)

Peter Darragh Quinn declared bankrupt in Northern Ireland --- Sean Quinn's fugitive nephew made bankrupt by Anglo's liquidators
(DBN)

____________

Canada:

Restructuring + Insolvency Report - September 2014
(DBN)

Penn West may have to review results since 2007 --- 'Significant deficiency' in controls
(DBN)

USW to defend US Steel Canada pensioners
(DBN)

US Steel looking at role for Canadian governments in restructuring
(DBN)

U.S. Steel sought wide ranging relief from Ontario gov't -source
(DBN)

____________

Germany:

Ailing Ultrasonic in bank talks to avoid insolvency
(DBN)

____________

Turkey:

One of Turkey's largest banks closed down
(DBN)

Bank Asya Stock Halted in Istanbul as Concern Over Future Grows
(DBN)

Erdo?an steps up attacks on Bank Asya, raising risks of banking crisis
(DBN)

____________

Argentina:

Argentina's Economy Is Going Off The Rails?
(DBN)

____________

Australia:

Low demand continues to hit growth: Australian law firms face weak demand, increased competition
(DBN)

____________

Brazil:

Batista: Net worth negative $1bn
(DBN)

Former Billionaire Eike Batista Bemoans His Return To The Middle Class
(DBN)

____________

Russia:

Oligarch arrest shows Russia back to siege economy
(DBN)

Putin Sanctions at Economic Tipping Point as Markets Fray
(DBN)

____________

MENA:

Obama ISIS strategy: Americans fault the president for giving them exactly the anti-terrorism strategy they want
(DBN)

____________

China:

China: Stimulus Back on the Agenda
(DBN)

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