April 10, 2015

The Daily Bankruptcy News

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Law:

Dentons Names New Bankruptcy Partner
(DBN)

Fried Frank Continues Rebuilding Litigation Ranks
(DBN)

Alston & Bird Partner Hits Links as Masters Caddy
(DBN)

McKenna Will Merge With Dentons, but Will Everyone Join? Dentons to become more gargantuan with US merger Dentons Adds Lawyers in U.S. Through McKenna Long Merger Dentons-McKenna Long tie-up: why it took 18 months to seal the deal
(DBN)

Sidley Austin’s Chair on Big Data & Cybersecurity
(DBN)

Growing Revenue Matters More Than Managing Expenses
(DBN)

Bigger In-House Budgets, Better Legal Value
(DBN)

Number Of Law School Applicants Has Bottomed Out, But Quality Of Applicants Continues To Plummet Lat, Diamond Debate The Law School Crisis
(DBN)

UK: 40% of firms' new partners are women
(DBN)

Suspect charged with killing lawyer in D.C. hotel stole $40, police say
(DBN)

13 pictures that prove lawyer Amal Clooney is a complete boss Amal schmoozes SCOTUS
(DBN)

A ‘Beadgate’ Update: Did Drexel Really Have To Investigate The Law Professor Who Accidentally Sent P--- To Her Students?
(DBN)

How A Criminal Defense Lawyer Uses Trial Presentation Technology
(DBN)

Game Perfectly Sums Up Everything Wrong With Prosecutors
(DBN)

‘Frat house’ mood alleged in suit against Nelson Brown; lawyer says she was fired for not fitting in
(DBN)

Whining Lawyer Highlights The Disrespect For Maternity Leave
(DBN)

All Lawyers Are Losers
(DBN)

How bankers prepare for an all-nighter
(DBN)

Why Hillary Clinton was told not to be a trial lawyer: she didn't have a wife at home
(DBN)

The 8 big takeaways from the first Apple Watch reviews
(DBN)

These guys took a power drill to the Apple Watch and this is what happened
(DBN)

This Apple Watch video will destroy any remaining desire you had to buy one Netflix pokes fun at Apple Watch geeks in its latest ad What you need to know about buying the Apple Watch
(DBN)

Nothing Was Better Than This Season Of Better Call Saul
(DBN)

'Jinx' murder suspect Robert Durst sends rambling letter to the LA Times
(DBN)

This Lawyer Is a Sharpshooter
(DBN)

Texas DPS Sent a Trooper to Mandatory Counseling for Posing for a Picture With Snoop Dogg
(DBN)

Judge in Aaron Hernandez's murder trial warns of mistrial risk
(DBN)

SWAT Teams Called After Woman Stole $8.50 In Groceries... Hides In Store Ceiling For 7 Hours
(DBN)

Lawyer depicts escape from Winston & Strawn in Lego
(DBN)

South Carolina Cop Radioed Taser Claim After Fatal Shot US: How Many Die in Police Encounters? The Familiar Killing of Walter Scott Witness: Cop Didn't Warn Scott Before Shots New lawyer for fired cop charged with murder over foot chase points finger at client’s ex-counsel
(DBN)

Say What?!
(DBN)

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Judges:

AL: Callaway named federal bankruptcy judge
(DBN)

Italy: Man kills lawyer, judge, co-defendant in bankruptcy fraud trial at Milan courthouse Gunman Shoots Up Courthouse, Killing His Former Lawyer And A Judge
(DBN)

Study: Judges Are Far Less Biased Than Law School Students
(DBN)

A Woman's Place: Supreme Court, and the Frozen-Food Section
(DBN)

Exemption from PACER Fee Increase for Government Users Expires on April 1, 2015
(DBN)

TX Judge Could Face 70 Years On Weapons Charges Judge indicted in federal firearms case is suspended without pay
(DBN)

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Wall Street:

U.S. Index Futures Little Changed as S&P 500 Set for Weekly Gain
(DBN)

Stocks close higher as energy stocks rebound
(DBN)

World stocks keep rising on greater optimism
(DBN)

Why stock market could be ‘sort of scary’ this year
(DBN)

How this high-flying market could cause major damage
(DBN)

‘Major Correction’ Unlikely Considering Investor Appetite, Says Citi
(DBN)

Get ready for some eye-popping deals on Wall Street
(DBN)

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Layoffs:

Morgan Stanley to Marissa Mayer: You're going to have to fire A LOT more people
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Religion:

Court grants St. Paul archdiocese's request for more time to submit plan
(DBN)

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Retailing

Sprint set to open 1435 co-branded locations with RadioShack
(DBN)

Walgreens profit beats expectations; more cost cuts planned Walgreens to Close 200 U.S. Drugstores to Propel Profits
(DBN)

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Weather:

6 industries hurt the most by the California drought
(DBN)

California Drought Tests Limits of Endless Growth
(DBN)

Can California's Golf Courses Survive Drought?
(DBN)

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Fraud:

Sentencing Commission Adopts New Framework For Fraud Cases
(DBN)

Lawsuit alleges Wall Street exec Lynn Tilton used Army tie to overcharge on military contracts
(DBN)

Texas Wind Farm Was a $3.7 Million Scam
(DBN)

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Currency:

Chaos at Bitcoin Foundation Sparks Move to Bifurcate
(DBN)

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Hockey:

Erie Otters file for bankruptcy in unusual case
(DBN)

Otters, in legal battle with Oilers, file for bankruptcy
(DBN)

Court records: Erie Otters worth $9.4 million
(DBN)

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Aviation:

 

Wikileaks credited with US air subsidies document
(DBN)

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Apparel:

Save The Tourist Wear! Fresh Produce Clothing Line Looks for Buyer
(DBN)

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Electricity:

PG&E Ordered to Pay Record $1.6 Billion for Deadly Gas Blast
(DBN)

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Environmental:

Prosecutors working to notify potential victims in Freedom cases
(DBN)

Sullivan International Group Files for Chapter 11 Bankruptcy Protection
(DBN)

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Shipping:

As DryShips works to pay down debt, negative headwinds could loom
(DBN)

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Economy:

Applications for US jobless aid rise but still at low level Jobless claims over past month lowest in 15 years
(DBN)

IMF's Lagarde: Global growth moderate, uneven IMF's Lagarde Sees 'New Reality' of Mediocre Growth Living with low economic growth
(DBN)

Summers: Preemptive inflation war would be ‘a big mistake’
(DBN)

Huge Split Inside the Federal Reserve
(DBN)

Dimon, now Summers: There's a liquidity problem
(DBN)

Expert: Why we’re ready for 2 Fed rate hikes
(DBN)

Top 400 Average $336M in Earnings
(DBN)

Here's where the very rich make their income
(DBN)

Government Handouts: The Rich Get Them Too
(DBN)

Social Progress Index Takes Wider View of Economic Success
(DBN)

Enjoying the Low Life?
(DBN)

Fact Check: Half of all Americans have less than $10,000 in their savings account
(DBN)

JP Morgan's Dimon warns next crisis will bring even more volatility
(DBN)

Middle class jobs aren’t gone; they’ve just moved
(DBN)

The 15 highest-paying companies in America
(DBN)

Almost 50% of US Women Have No Children
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Freddie Mac Finds Mortgage Rate Drop Amid Underwhelming Job Growth Average rate on 30-year home loan falls to 3.66 percent
(DBN)

The most expensive homes for sale in San Francisco right now
(DBN)

Bankruptcy bid delays 'fire sale' of Midtown office tower
(DBN)

Charleston: Behind on loan, Laidley Tower placed into receivership
(DBN)

Mortgages may be a bright spot for U.S. bank results in first quarter
(DBN)

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Municipalities:

Billionaire Stephen Ross: 'It Brought Tears to My Eyes' To See Detroit Slip
(DBN)

Mapping out Pennsylvania’s distressed municipal pension plans
(DBN)

How Scranton's pension system took a nosedive, and what other cities can learn from it
(DBN)

Emanuel’s re-election present: Chicago’s fiscal nightmare is just beginning
(DBN)

PREPA Restructuring Officer Optimistic on Consensual Restructuring Plan
(DBN)

Ferguson city finances: not the new normal
(DBN)

Wallace bankruptcy lists $11.5 million in debt
(DBN)

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Oil/Gas:

Jack Butler: Energy Rules are Being Fundamentally Rewritten Paul Leake: Distress Trend Will Continue as Prices Remain Low Phil Dublin: Restructurings Won’t Be Extreme
(DBN)

Coming down the pipeline: risk and opportunity for the oil and gas sector in the era of low oil prices
(DBN)

Fri.: Oil slips further below $57, still heads for weekly gain Oil Prices Fall Ahead of Data on U.S. Drilling Activity - Rising dollar is pressuring prices
(DBN)

Thurs.: Oil rallies on German economic data, Iran deal uncertainty Oil Rises as Iran Says Nuclear Deal Must End Sanctions
(DBN)

Where Big Oil is cutting back
(DBN)

Wages for oil and gas workers are growing the slowest of any industry
(DBN)

UK makes a big oil discovery
(DBN)

Fitch: 1Q HY Energy Coupons Swell; E&P Default Rate 1.7%
(DBN)

Moody's downgrades Abaco Energy's CFR to Caa1; outlook revised to negative
(DBN)

Canadian oil company to liquidate due to crisis in Yemen
(DBN)

Bankruptcy trustee goes after Mike Moreno for $230 million
(DBN)

Neither a Borrower Nor A Lender Be . . . In an Oil Market After a Plunge in Prices
(DBN)

A hedge fund that bet on energy junk bonds is shutting down because of the oil crash
(DBN)

The oil industry’s $26 billion life raft
(DBN)

BPZ Energy Provides Operations Update
(DBN)

____________

Tax:

IRS' Koskinen Warns Of Dysfunction, Cheating
(DBN)

And the worst state for tax audits is ... The IRS Has New Favorite People to Audit
(DBN)

France opens criminal probe of HSBC's Swiss banking unit
(DBN)

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Politics:

FactCheck: Rand Paul's Balanced Budget
(DBN)

Richard Nixon’s incredibly sexist advice for Hillary Clinton in 1992
(DBN)

Why Wall Street is hoping Jeb Bush will be just like his brother
(DBN)

Elizabeth Warren Is Right About Everything
(DBN)

Hillary to Launch Campaign on Sunday
(DBN)

____________

Awards:

Top 150 Under 150: Bankruptcy
(DBN)

Baker Donelson bankruptcy attorney named to the University of Tennessee's President's Council
(DBN)

____________

Defaults:

S&P Tallies 29 Defaults In 2015 So Far, Vs. 17 a Year Ago
(DBN)

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Healthcare:

Big creditors agree to Johnson Memorial Medical Center sale to St. Francis
(DBN)

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Gambling:

Power plant shuts off service at Revel casino Revel goes dark: Energy supplier shuts off service to Atlantic City hotel, lawyer says Revel goes dark Revel owner to be fined for code infraction after power cut
(DBN)

Rich Optimist Buys Atlantic City's Busted Revel Hotel At Bargain Price
(DBN)

Creditors' Committee Wants Caesars to Consent to Involuntary Bankruptcy
(DBN)

Atlantic City doubles down on a bad bet
(DBN)

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Hedge Funds:

Hedge Fund Kamunting Capital Shutting Down
(DBN)

____________

Celebs:

Teresa Giudice eyed to return to Real Housewives Of New Jersey after serving her 15-month Bankruptcy fraud prison sentence
(DBN)

Will Allen's $31 Million Ponzi Scheme Explains How Athletes Get Ripped Off Jackets D Johnson a debtor in Allen's Ponzi case
(DBN)

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Consultants:

EPIQ Systems, Inc. Issues FY15 Earnings Guidance
(DBN)

____________

Debt Collection:

CFPB Files Massive Lawsuit Against Debt Collectors
(DBN)

____________

Personal Finance:

19 interview mistakes young people make that cost them good jobs
(DBN)

____________

Student Debt:

Attorney General Madigan: Students of failed Everest College shouldn't have to repay loans
(DBN)

Don't make student loans eligible for bankruptcy
(DBN)

____________

Aviation:

Crash co-pilot may have spiked captain’s drink
(DBN)

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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 (11 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:

Q1 Distressed debt & bankruptcy restructuring review
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Bankruptcy Reform:

ABI Commission Report – Section 506(c)and Charges Against Collateral
(DBN)

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Avoidance Actions:

The Fifth Circuit Shifts the Risk of Doing Business with Fraudulent Enterprises to Trade Creditors
(DBN)

____________

Discharge:

Eleventh Circuit Approves Non-Consensual, Non-Debtor Releases in Chapter 11 Plan
(DBN)

____________

Finance:

Delaware Bankruptcy Court Follows Momentive and Denies Noteholders’ Make-Whole Claims
(DBN)

GE to Exit Most of Lending Operations
(DBN)

____________

Recent Pleadings:

Caesars Examiner Seeks To Put Winston Strawn To Work ASAP
(DBN)

Caesars Committee Seeks To Compel Debtor To Consent To Involuntary Filing To Preserve $468M Preference Through Earlier Petition Date
(DBN)

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TBTF:

Dimon's Defense of Big-Bank Model: An Exercise in Hubris
(DBN)

____________

Insurance:

Judge Approves Auction of Doral Financial Insurance Unit
(DBN)

____________

Telecoms:

Northwest Missouri Holdings, Inc. and Three Affiliates File Bankruptcy
(DBN)

____________

Housewares:

Oneida Kitchenware Maker Files for Prepackaged Bankruptcy EveryWare Global Files Prepack
(DBN)

____________

Mass Torts:

NYC asbestos firm opposes subpoenas in racketeering case against it
(DBN)

Asbestos Litigation Bill Births Tort Reform Battle
(DBN)

____________

Corporate Governance:

Record Activism Seen by Moody's as Growing Threat to Creditors
(DBN)

Q&A with Mark Lebovitch of Bernstein Litowitz: A Plaintiffs’ Counsel’s Perspective on the Fee-Shifting Bylaw Debate
(DBN)

____________

Recharacterization:

PCD Bankruptcy Trust Can't Extinguish $50M Mezz Loan
(DBN)

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Alternative Energy:

Lima Energy owes thousands in back taxes
(DBN)

Off-Grid Solar Threatens Utilities In The Next Decade
(DBN)

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Sovereigns:

Citigroup's CEO for LatAm: Griesa's rulings are 'impossible to fulfill'
(DBN)

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UK:

The Moral of the Tael
(DBN)

Bank of England keeps key rate at record low
(DBN)

Baker Tilly strengthens practice with trio of senior hires
(DBN)

Assigning your rights away – Changes to the Insolvency Act 1986
(DBN)

U.K. Industrial Output Barely Rises as Oil and Gas Declines
(DBN)

Chantrey Vellacott to merge with Moore Stephens
(DBN)

____________

EU:

European stocks climb to record high
(DBN)

____________

PIIGS:

Greek banks are stuck on life support — and time is running out Greece given six days to improve reforms
(DBN)

EU draws up secret plans to kick Greece out of eurozone
(DBN)

Banco de Madrid Files for Bankruptcy
(DBN)

Spain's Martinsa Fadesa enters liquidation after failing to strike deal with banks
(DBN)

Bankruptcies in Spain decrease 30% in Q1 of 2015
(DBN)

Brief relief for markets as Greece repays €450m loan to IMF Greece meets April IMF payment, but uncertainty reigns
(DBN)

Grenada offers debt restructuring model for Greece
(DBN)

Hardly working: More than 1 in 4 Greeks are still out of work
(DBN)

Milan Courthouse Shooter Arrested After Killing Bankruptcy Judge
(DBN)

____________

Canada:

Jacob retail line to go on with 5 stores in Quebec
(DBN)

Ottawa unloads remaining GM stock for $35.61 per share
(DBN)

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Germany:

Intellectual property rights under German insolvency law
(DBN)

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France:

France: Insolvency & Restructuring Marketplace Analysis
(DBN)

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Netherlands:

Fashion chain Miss Etam asks for protection from creditors
(DBN)

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Argentina:

Bankrupt Petersen Energia Blames Argentina in U.S. Lawsuit
(DBN)

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Cyprus:

Insolvency debate will go ahead on April 17
(DBN)

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Australia:

ASIC data on corporate insolvencies: April 2015
(DBN)

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India:

The Satyam scandal: How India’s biggest corporate fraud unfolded
(DBN)

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Argentina:

Suez Wins $405 Million Arbitration Ruling in Argentina Dispute
(DBN)

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Malaysia:

Malaysian PM pledges no cover-up in probe of indebted fund
(DBN)

____________

China:

A Bloomberg analyst just traveled across China and came back with a serious warning
(DBN)

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