September 23, 2014

The Daily Bankruptcy News

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Law:

Morgan Lewis Merger With Bingham a 'Strategic Change'
(DBN)

America's Student Loan System Has Created Perverse Incentives For Law Schools
(DBN)

‘Little Prospect For Recovery’ For Troubled Law School Whose Credit Rating Took A Major Nosedive
(DBN)

Former Howrey Partners Contribute Another $1.5 Million
(DBN)

Arnstein & Lehr Names Bankruptcy Head As Partner-In-Charge Of Firm-Wide Strategic Planning And Acquisitions
(DBN)

Kirk B. Burkley Named A Managing Partner At Bernstein-Burkley
(DBN)

BakerHostetler withdraws from House GOP suit against Obama --- House GOP Contract Restricts Firm in Obama Suit
(DBN)

Business of Law
(DBN)

Being A Lawyer Will Probably Ruin Your Social Life
(DBN)

Appellate Practices: Big, Small, And Dangerous
(DBN)

Women Have Little Desire to be Leaders
(DBN)

There's More to Life Than Billable Hours
(DBN)

More Bingham Exits Amid Merger Talks
(DBN)

Law Firm Lawsuit-Palooza: Latham, Baker & McKenzie Under Fire
(DBN)

Apple's iOS 8 Is Brimming With Bugs --- You Can Charge Your iPhone 6 A Lot Faster If You Use An iPad Charger Instead
(DBN)

50 Menswear Classics That Will Never Go Out Of Style
(DBN)

Sorry, Gents, Elizabeth Wurtzel Is Off The Market
(DBN)

New partnership offers integrated legal research and time tracking
(DBN)

Life After Law School: An Intern-Associate Interview
(DBN)

The Worst Study Group Ever
(DBN)

What Harvard Law Students Tell Themselves When The Demons Come
(DBN)

Law Schools Invest In Very Sturdy Deck Chairs
(DBN)

UT law school enrollment decline worst in Ohio as slump spooks students
(DBN)

Napkin-Eating Middleman in Law Firm Insider Trading Case Pleads Guilty
(DBN)

Widow of author Tom Clancy battles lawyer over $6M in estate taxes
(DBN)

An Inside Look at Patton Boggs' Last Year and Late Chairman
(DBN)

Court reporters accused of stealing $485K by billing for bogus pages
(DBN)

The U.S. Constitution is "the oldest written constitution still in use today" among nations
(DBN)

Arab Bank Held Liable For Nearly 300 Americans' Losses In First Civil Terrorism Case
(DBN)

SWAT raids for barber’s license checks violated Constitution, 11th Circuit says
(DBN)

Biscotti, Ray Rice Text Messages Exchange Reveals Job Offer
(DBN)

Man Arrested For DUI Four Times Over 30-Hour Period
(DBN)

Mug Shots
(DBN)

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Judges:

U.S. Bankruptcy Judgeship Vacancy District Of New Jersey
(DBN)

Pacer will restore deleted case records
(DBN)

Clearly, justices don’t observe ban on the word ‘clearly’
(DBN)

Jost On Justice: At Supreme Court, Nine Clashing Friends in a Bottle
(DBN)

Jeffrey Rosen previews upcoming Supreme Court cases
(DBN)

Justice Kagan Officiates First Same-Sex Wedding
(DBN)

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Wall Street:

U.S. stocks : Futures dip on mixed bag of global data
(DBN)

Stocks end lower: Nasdaq off more than 1%
(DBN)

Wall St. falls on China demand concerns
(DBN)

The Alibaba IPO Bankers Earned $300 Million In Fees
(DBN)

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Layoffs:

1 in 5 unemployed workers can't find jobs
(DBN)

Employees Shafted After For-Profit-College Anthem Education Closes
(DBN)

How Honest Should You Be In An Exit Interview?
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Toll Roads:

Indiana Toll Road Seeks Bankruptcy as Traffic Declines --- Macquarie's US toll road hits skids
(DBN)

Foreign-owned operator of Indiana toll road files for bankruptcy
(DBN)

Indiana Toll Road to get new operator amid bankruptcy
(DBN)

Tollway bankruptcy : Bad sign for Brent Spence?
(DBN)

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Taxis:

This New Report Shows Why Taxi Drivers Are Terrified Of Uber And Lyft
(DBN)

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Celebs:

‘RHONY’ Star Sonja Morgan Proposes Own Plan To Get Out Of Bankruptcy
(DBN)

Why Ordinary People Bear Economic Risks and Donald Trump Doesn't
(DBN)

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Retailing:

RadioShack in Talks With Supplier to Ease Restructuring --- RadioShack deal with supplier to cut costs falls through
(DBN)

Is RadioShack in critical condition?
(DBN)

____________

Healthcare:

Medicaid Bankruptcy Ruling Could Bolster Health-Care Facility Turnarounds
(DBN)

Nursing Home Neglect Trial Challenges Shell Company Transfers
(DBN)

Nursing home bankruptcy trial gets underway
(DBN)

____________

Television:

Luken took a licking but now it's ticking
(DBN)

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Electricity:

Bidding begins for sale of Energy Future Holdings' stake in Oncor
(DBN)

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Gambling:

Trump Entertainment Resorts wants to sell Plaza slots, other assets
(DBN)

Ultimate Gaming Faced Too Much Competition to Survive
(DBN)

Cuomo May Join Casino Spree as Atlantic City Burns
(DBN)

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MLM:

Herbalife Shares Crashed
(DBN)

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Non-Profits:

No new bidders for metro Milwaukee YMCA sites, Chapter 11 sale plan to proceed
(DBN)

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Economy:

Chicago Fed: "Index shows economic growth decelerated in August"
(DBN)

Here's How Much You Need To Make To Be In The Top 1% In Your State
(DBN)

Federal Reserve's Plosser, dissenter on monetary policy, to retire
(DBN)

Dudley: Fed Needs US Economy to Run 'A Little Hot'
(DBN)

Fed's Dudley says long-term appropriate level of Fed balance sheet not yet clear
(DBN)

Krugman: The Republicans Aren't Willing To Do The One Thing That Would Help Solve Poverty
(DBN)

There's A Crucial Difference Between Obama's Economy And Reagan's Economy
(DBN)

Gov. Brownback's Failed Tax Experiment
(DBN)

What happens to families on housing assistance when the assistance goes away?
(DBN)

Billionaires are Hoarding Their Cash
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Existing-home sales fall in August, snapping four months of gains --- A tale of two housing markets --- Existing Home Sales in August: 5.05 million SAAR, Inventory up 4.5% Year-over-year
(DBN)

For Ira Rennert, bankruptcy case hits close to home
(DBN)

Bankruptcy Court Finds Tenant Cannot Assume Commercial Lease After Waiving Rights to Seek Relief From Forfeiture Under California Law
(DBN)

Mortgage Rates at 4.22%, Down from 4.45% Last September
(DBN)

Existing Home Sales Eased in August; NAR Bogusly Blames Monthly Dip on “Retreat” by “All Cash” Investors
(DBN)

Cash buyers retreat from housing market, cooling home sales
(DBN)

Home purchase mortgages rose in 2013
(DBN)

Step Inside Bernie Madoff's $14.5 Million Penthouse Where The Ponzi Schemer Lived Under House Arrest
(DBN)

Increasing Student Loan Debt Hinders Housing Market
(DBN)

The 10 Best US Markets For Homebuyers And Sellers
(DBN)

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Municipalities:

Judge to hear from sides in Detroit water shutoffs --- Arguments start on Detroit water shutoff controversy --- Live Blog --- Detroiters testify about water shutoffs, lack of aid --- Bankruptcy judge is asked to stop Detroit water shutoffs --- Detroit residents describe pain of water shutoffs --- Detroit tells judge: We can't give away free water
(DBN)

Detroit could oust emergency manager Orr this week --- Detroit City Council negotiating to keep Orr during bankruptcy --- Detroit , state discussing extended role for EM Orr --- What Will Kevyn Orr Do For Detroit in the Future?
(DBN)

Is It Time to Remove Detroit Schools' Emergency Manager ?
(DBN)

Mayor Garcetti Heading for the Insolvency Finish Line Fast
(DBN)

Atlantic City Dropped to BBB+ by S&P on Wave of Casino Closings
(DBN)

The 20 Best Places To Live In America
(DBN)

MONEY’s Best Places to Live in America
(DBN)

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Aviation:

SNPL pilots union says to pursue strike indefinitely
(DBN)

____________

Politics:

A Minnesota House Candidate Is Being Sued After Allegedly Sawing His Neighbor's Garage In Half
(DBN)

"Washington Is a Cesspool of Faux-Experts Who Do Bad Research"
(DBN)

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Fraud:

Fidelity to pay $3.5M in TelexFREE case
(DBN)

CEO of shoe maker: I didn't disappear with any money, I was on holiday
(DBN)

Fact Check: A Scott Rothstein victim says that he was "swindled" by Charlie Crist
(DBN)

Palm Beach investors sue bank for $24B over Ponzi scheme
(DBN)

____________

Telecoms:

Nortel bankruptcy trial starting to wrap up
(DBN)

Nortel Judges Query Patent Licenses in $7 Billion Fight
(DBN)

____________

Coal:

Coal Mogul Murray Says More Bankruptcies Probable
(DBN)

Hot Topics in Coal Company Bankruptcies
(DBN)

____________

Consultants:

Epiq Systems, Inc. Up Sharply, Hedge Fund Confirms 17% Stake
(DBN)

Epiq Systems Rejected $1.1 Billion Buyout Offer From P2
(DBN)

____________

Festivals:

Centra PA Music Fest reneges on prize money
(DBN)

____________

Brokers:

Judge Holds Off Approving MF Global Payment to Creditors
(DBN)

___________

Agriculture:

Bill protects ag creditors in bankruptcy
(DBN)

____________

Environmental:

DEP concerned about pace of Freedom Industries cleanup
(DBN)

____________

Book Reviews:

Yoga for Stressed Out Lawyers ... and Their Debtor-Clients
(DBN)

____________

Chemicals:

Momentive Performance Judge Won’t Delay Bankruptcy Plan
(DBN)

____________

Corporate Reform:

US SEC to pay $30 million-plus in largest whistleblower award
(DBN)

Record US whistleblower payout a warning for big business abroad
(DBN)

Could 'front running' be the next banking scandal?
(DBN)

Barclays Fined $62 Million on Asset-Protection Failures
(DBN)

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Personal Finance:

The Best Time To Buy Everything On Your List
(DBN)

____________

Tax:

Treasury unveils measures to combat tax inversions --- Fact Sheet: The New Rules on Tax Inversions --- How The Obama Administration Is Acting Alone To Stop Inversions
(DBN)

Lois Lerner Downplays Role in IRS Controversy
(DBN)

____________

Distressed Investing:

Marathon Getting by on Malls, Leases Amid Distressed Funk
(DBN)

____________

Food/Beverage:

Northern Beef bankruptcy ruling favors Huron contractor
(DBN)

Beef plant seeks return of payments in bankruptcy case
(DBN)

Tootie Pie escapes bankruptcy proceedings
(DBN)

____________

Education:

Bankrupt Anamarc College items to be sold to Vista College
(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 (18 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (11 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:

Bankruptcy in the Americas - Roundtable
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Finance:

Interview with Bridget Marsh, Deputy General Counsel of the LSTA on Meridian Sunrise Village
(DBN)

The Momentive Decision: Another Warning to Debtholders and Indenture Trustees to Ensure That Your Make-Whole is Not Full of Holes
(DBN)

Litigation: the newest corporate finance tool
(DBN)

Fitch: Revolver Debt Shows Excellent Recovery Values for U.S. Companies in Default
(DBN)

____________

Dismissal:

Structured Dismissals - How They Work Part I: Court Authority for an Alternative Ending
(DBN)

____________

Valuation:

Applying the Proper Valuation for a Company's Industry
(DBN)

____________

Insurance:

D&O Insurance: Prior and Pending Litigation Exclusion Bars Coverage for Lawsuit Filed Years Before But Served During the Current Policy Period
(DBN)

____________

Construction:

Experts' fees pass $560,000 in Truland Group Inc.'s Chapter 7 bankruptcy
(DBN)

Truland Group Inc. employees to get access to frozen pension plans
(DBN)

____________

Toll Roads:

'Business as usual' for Toll Road
(DBN)

Toll road operator insolvent , filing says
(DBN)

____________

Sovereigns:

Argentina's President Is Meeting With George Soros To Shore Up Support After $100 Billion Default
(DBN)

Argentina appeals to a higher authority
(DBN)

Argentina Wants BNY Mellon Out as Trustee - Nation Places Washington Post Ad, Saying Bank Ineligible to Serve as its Trustee
(DBN)

Bank of New York Mellon refuses to step aside as financial agent
(DBN)

Argentina orders US bank to return money
(DBN)

Citigroup to seek pause of order blocking Argentine bond payment
(DBN)

'Citibank has no gun pointed to its head, but Argentine law'
(DBN)

Griesa calls for new hearing on Citibank injunction request to pay Argentine bonds
(DBN)

‘Citibank must honor its obligations’
(DBN)

____________

UK:

The World's Second-Largest Retailer Is Imploding --- Tesco Was Warned Months Ago That Its Accounts Were At 'Risk Of Manipulation' --- Tesco suspends execs as inquiry launched into profit overstatement --- Tesco shares mauled as accounting error hits profit view --- Tesco Investors Voice Anger
(DBN)

Tesco Rushes In New Finance Chief As Meltdown Pushes Stock To An 11-Year Low
(DBN)

UK's EE to buy 58 stores from Phones 4u for 2.5 mln stg
(DBN)

Linklaters, Allen & Overy and CMS advise as Vodafone purchases 140 stores from Phones4u
(DBN)

27 Great Things To Do In London This Fall
(DBN)

____________

EU:

Draghi Says ECB Actively Managing Balance Sheet
(DBN)

Draghi defends ECB's cheap lending scheme
(DBN)

ECB's Draghi says ready to use more unconventional tools
(DBN)

Eurozone PMI Comes In At 9-Month Low
(DBN)

European Stocks Fall Most in Six Weeks
(DBN)

____________

PIIGS:

Court bid to set aside Sean Dunne's interest in €17m hotel
(DBN)

Court bid to reverse Dunne transfer of €18m hotel to wife
(DBN)

Dunne acting in ‘bad faith’ with US bankruptcy dismissal bid
(DBN)

____________

Canada:

U.S. Steel owes $94 million to suppliers
(DBN)

DealFind, TeamBuy customers fuming over worthless coupons after sites file for credit protection
(DBN)

Mobilicity requests seventh creditor protection extension
(DBN)

Nortel bankruptcy trial starts to wrap up in Toronto and Delaware
(DBN)

____________

Germany:

German Insolvency Law — Overview of Insolvency Challenge Rights
(DBN)

Even the ECB thinks Germany needs to start spending more
(DBN)

____________

France:

French Prime Minister: 'We Are In A Debt Spiral That Is No Longer Sustainable'
(DBN)

____________

Russia:

Mechel Shares Fall on Bankruptcy Fears - Russian Group Opposes Debt for Equity Swap, Prompting Lender to Threaten Legal Action
(DBN)

Mechel ADRs Sink 30% as Russia Expects Bankruptcy
(DBN)

One Of The Biggest Private Equity Firms In The World Is Giving Up On Russia
(DBN)

____________

MENA:

ISIS Releases a New Chilling Threat
(DBN)

U.S., Arab Allies Launch Strikes in Syria --- Air Attacks Target Haven of Islamic State Militants
(DBN)

US Warships Bombing ISIS Targets In Syria
(DBN)

Israeli Military Shoots Down Syrian Aircraft
(DBN)

Tension Over Arming Syrian Rebels Cuts Across Party Lines
(DBN)

Bill O'Reilly's Plan
(DBN)

____________

China:

Chinese Manufacturing Slightly Rises
(DBN)

____________

Indonesia:

Fitch: What Investors Need to Know - Indonesia's Insolvency Regime
(DBN)

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