August 14, 2015

The Daily Bankruptcy News

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Law:

Ex-Dewey Revenue Executive Says She Falsified Firm Records Dewey & LeBoeuf Time-Lapse Coverage: Trial Recap Witness: Dewey Employees Had Questioned Adjustments
(DBN)

Sullivan & Cromwell shoots to top of UK pay league with record £101,500 newly-qualified solicitor salary
(DBN)

Will Law Firms Flock to .Law Domain?
(DBN)

Bank of America Criticizes Legal Fees in Chapter 11 Case
(DBN)

Dechert pays $2.4m to settle 10-year dispute over Coudert partners
(DBN)

Disbarred lawyer’s contempt hearing postponed over bankruptcy
(DBN)

Bankruptcy trustee seeks clawback of bonuses paid before before law firm closed Bonuses at closed law firm were fraudulent, trustee says
(DBN)

Law firm’s suit claims former partner violated deal to pay $200K if appeals court ruled against him
(DBN)

Reinventing The Law Business: Where Is The Legal Profession Heading? (Part 4)
(DBN)

Tomorrow’s law firm: It’s deja-vu all over again
(DBN)

Duane Morris Hit With $150 Million Negligence Suit
(DBN)

Spate of Succession Plans at Firms Driven by Age, Innovation
(DBN)

Hungry Dentons in merger talks with UK firm Dentons Finds New Managing Partner for Houston Office
(DBN)

Associate suspended for faking success in meltdown
(DBN)

Law Firm Librarians Feel Underused and Underpaid
(DBN)

Amidst 48% Decline In 1L Class, Charleston Law School Admissions Dean Abruptly Resigns
(DBN)

Hillary Clinton’s email fiasco is a lesson for everyone
(DBN)

Memo To New Associates: Manage Your Own Career
(DBN)

Learn how to balance efficiency with your level of service—or miss opportunities
(DBN)

Newsflash: If You Want To Be A Lawyer, Go To Law School
(DBN)

Is this the end of the high-priced phablet?
(DBN)

The only four collars you should wear to work
(DBN)

It’s unconstitutional to ban the homeless from sleeping outside, the federal government says
(DBN)

American lawyer stabbed to death in his home in Venezuela
(DBN)

Clerk’s office defies federal judge’s order to issue same-sex marriage licenses
(DBN)

‘The Ruling Is Wrong’ Says Baker After Losing Appeal Of Wedding Cake Case To Same-Sex Couple
(DBN)

Get Out Of Jail Fee: Attorney Gets S-- For Posting Client's Bond; S-- Addiction Mitigates Sanction
(DBN)

Unflattering courtroom sketch of Tom Brady in Deflategate hearing goes viral This Awful Courtroom Sketch Of Tom Brady’s Face Melting Off Will Make Your Day
(DBN)

Attempted Murder Charge Puts A Real Crimp In Man’s Tax Law Practice
(DBN)

Lawyer has his p---- cut off
(DBN)

Men Arrested For 4-Hour 'Treasure Hunt' In Brooklyn Sewer... 'God Knows What They Were Looking For'
(DBN)

The simplest way to get — and stay — happy, according to psychologists
(DBN)

Bonkers Law firm website
(DBN)

Man looking for lost cellphone hit by roller coaster
(DBN)

The funny, surprisingly successful tactic some police are using to catch drug dealers
(DBN)

Michael Jordan is owed $10 million every time a company uses his name in an ad, his lawyer claims
(DBN)

Where Have All The Legal Films Gone?
(DBN)

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Judges:

Judicial Pile On: When One Benchslap Isn’t Enough
(DBN)

Judge is suspended for ogling litigant and losing temper in ‘attorneys are stupid’ tirade
(DBN)

Suspended judge to get prison time in wife-assault case
(DBN)

D.C. Circuit Judge Talks Justice League In Recent Opinion
(DBN)

When Humor In The Courtroom Isn’t Funny
(DBN)

Feeney begins term as BAP chief judge
(DBN)

Judge who refused to keep 6 kids in foster care defends his decision after their slayings
(DBN)

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Wall Street:

US Stock Futures Slip Ahead Of Economic Data
(DBN)

Wall St ends flat as energy shares drop
(DBN)

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Layoffs:

Motorola Mobility to cut 500 jobs in Chicago; layoffs underway
(DBN)

Rotech Healthcare Inc. to close Orlando office, layoff 90
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Retailing:

Retail sales gain in line with expectations
(DBN)

J.C. Penney’s quarterly results come into focus
(DBN)

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Celebs:

How rich Warren Buffett was at your age
(DBN)

1 of 6 NFL stars goes bankrupt
(DBN)

50 Cent's Bankruptcy Is a Lesson in Valuing What You Earn
(DBN)

New details are emerging about the fight that broke Geno Smith's jaw, and it doesn't look good for the quarterback
(DBN)

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Food/Beverage:

This is a terrible sign for McDonald’s
(DBN)

Shares in El Pollo Loco plunge 14% after 2Q earnings miss
(DBN)

Union: A&P won't run stores after bankruptcy
(DBN)

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Electricity:

Beartooth Electric to leave bankrupt wholesale cooperative
(DBN)

Optim Energy Settles Bankruptcy Fight With Blackstone
(DBN)

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Telecoms:

Nortel bankruptcy appeals aren't going anywhere fast
(DBN)

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Skiing:

Willard Mountain land owners say bankruptcy case needs to be tossed
(DBN)

____________


Economy:

Retail Sales increased 0.6% in July Solid US retail sales bolster Fed rate hike expectations
(DBN)

NY Fed: Household Debt "Flat" in Q2 2015
(DBN)

The Job Market Hasn't Really Recovered
(DBN)

Fed, not China, is the reason for the S&P correction
(DBN)

US business stockpiles post largest gain in 2 years
(DBN)

Weekly Initial Unemployment Claims increased to 274,000, 4-Week Average Lowest since 2000
(DBN)

Food banks struggle to meet surprising demand
(DBN)

M&A-Driven Debt Sales ‘Feasting’ on Corporate Bonds
(DBN)

Survey: Consumers Delay Savings and Retirement to Support Family
(DBN)

More Than Half of Americans Think Social Security Is Doomed
(DBN)

Why the banks are scared of China
(DBN)

Surge in car loans pushes auto debt above $1 trillion for first time
(DBN)

Student loan debt hits $1.27 trillion, grows $3,055 every second Student Loan Delinquencies Jump As Crisis Spreads
(DBN)

The World Bank is struggling with its own class divide
(DBN)

In U.S. , 65% Favor Path to Citizenship for Illegal Immigrants
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage Delinquency and Foreclosure Rates Decrease in Q2
(DBN)

Here's proof the housing recovery is no longer recovering
(DBN)

Ocwen survives Wells Fargo vote on termination of servicing rights
(DBN)

Applications for new home purchases dropped in July
(DBN)

US average rate on 30-year home loans rises to 3.94 percent
(DBN)

Another Bankruptcy Court Confirms Plan Reference to “Surrender” Means Not Defending a Lender’s Foreclosure
(DBN)

Report: Renters Spending More on Housing than Ever
(DBN)

____________

Municipalities:

Detroit's Home County Avoids Bankruptcy With State Agreement
(DBN)

Will Wayne County consent agreement keep it out of emergency management
(DBN)

What the United States Owes Puerto Rico
(DBN)

____________

Advisors:

Houlihan Lokey surges in IPO Enron, Lehman bankruptcy adviser Houlihan Lokey rises in debut
(DBN)

Houlihan Lokey’s Scaled-Back IPO: What Happened?
(DBN)

____________

Oil/Gas:

Oil’s price drop flirts with a 6-year intraday low Oil prices dip as dollar strength adds to glut fears New lows for oil Oil falls to fresh 6-year low, down 4% for week
(DBN)

Moody’s: $42 per barrel is enough to cover costs
(DBN)

BP Refinery Outage Could Push Down Oil Prices
(DBN)

Canadian Oil Benchmark Falls Off A Cliff
(DBN)

SEC lawsuit could thwart bankruptcy plans for Luca International Group LLC
(DBN)

Iran targets 45 oil and gas projects in plan to boost production
(DBN)

Hercules Offshore files bankruptcy protection Falling oil prices push Hercules Offshore under bankruptcy protection Hercules Offshore Files for Bankruptcy With Plan to Convert Debt Hercules Offshore files prepackaged Ch.11 in Delaware Hercules Offshore Files 'Prepackaged' Bankruptcy Plan First Day Affidavit Disclosure Statement Plan
(DBN)

Reports: Tulsa energy company more than $4 billion in debt, expected to file bankruptcy soon
(DBN)

In High-Yield Energy Debt, Contrarian Sees Value Where Everyone Else Sees Defaults
(DBN)

Why the Debate Over College Costs Is About More Than College
(DBN)

____________

Politics:

Donald Trump: The perfect candidate for 2015 An alpha-male fantasy that Trumps reality Donald Trump released an epic statement trashing 'total mess' Rand Paul's golf game Donald Trump mentioned 'terrific' Warren Buffett when he was asked about potential cabinet picks A top US general picked apart Donald Trump's ISIS policy Donald Trump is polling astoundingly well on the most important election issue Ailes Said to Broker Truce with Trump to Avoid 'War' Donald Trump's TV protégé, Omarosa, explains his political success NBC to Trump: You're Fired
(DBN)

Rand Paul is attacking Donald Trump for making a 100% true statement about the economy
(DBN)

The Carly Fiorina/Donald Trump grudge match gets hot
(DBN)

Lindsey Graham: Trump policies are 'gibberish'
(DBN)

One of the GOP's surging underdogs is taking a markedly different path from Donald Trump
(DBN)

Ben Carson's tortured defense of his fetal tissue research Ben Carson: Abortion Pill Should be Available
(DBN)

Al Gore said to be looking at White House run
(DBN)

We know what those two top secret Clinton emails were about
(DBN)

Iowa's Anger Problem Voter Anger Fueling Front Runners
(DBN)

____________

Gambling:

NFL Great Lynn Swann’s Role in Caesars Bankruptcy?
(DBN)

____________

Healthcare:

What UMC is proposing to get El Paso Children's out of bankruptcy
(DBN)

Judge denies El Paso Children's Hospital's, UMC's requests during bankruptcy hearing
(DBN)

Judge gives Children's Hospital until Sept. 15 for reorganization plan
(DBN)

Rotech files notice of 90 layoffs in Orlando
(DBN)

Study: Genetic Makeup Leading Factor In Why Smarter People Live Longer
(DBN)

Why Your Health Insurance Could Get Worse
(DBN)

____________

Religion:

Diocese with few assets in bankruptcy battle
(DBN)

____________

Brands:

Famous Brands: Another Cautionary Tale
(DBN)

____________

Pensions:

Making U.S. Pensions Honest About Returns Means Bigger Deficits
(DBN)

____________

 


New Bankruptcy Opinions
(9 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (28 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (17 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)

______________

Avoidance Actions:

Fraudulent Transfer, Breach of Fiduciary Duty Claims Constitute Equitable Tolling
(DBN)

Bankruptcy Court Considers When an Attorney Is an “Initial Transferee” of Funds That Were Deposited Into a Trust Account
(DBN)

___________

Litigation:

Notable Cases and Events in E-Discovery
(DBN)

____________

Coal:

Coal miners to protest Patriot's move to end union contract
(DBN)

Worst Isn’t Over for Mining as Arch Coal Bankruptcy Filing Looms
(DBN)

Old King Coal, What Are We Gonna Do?
(DBN)

This Kentucky coal mining town wants Republicans to stop blocking Obama's aid plan
(DBN)

Wyoming brings out the big guns for coal hearing
(DBN)

____________

Fraud:

Fairfield Investors, Citco Settle Madoff-Related Lawsuit
(DBN)

Adelphia Recovery Trust Announces That It Is Seeking Court Approval To Extend The Term Of The Trust
(DBN)

____________

Movies:

Ryan Kavanaugh: A Creature of His Own Grandiose Mythology
(DBN)

What to Expect as Relativity and Lenders Head Back to Bankruptcy Court
(DBN)

Relativity Bankruptcy: Judge To Decide Whether Time Is On Company's Side
(DBN)

____________

Defaults:

Fitch: U.S. HY Default Rate Heading to 3% in August
(DBN)

____________

Student Debt:

What’s Next? Recent Actions Highlight CFPB’s Focus on Student Loans
(DBN)

Congressman proposes help for people struggling with student loans
(DBN)

____________

Banking:

Bank Recapitalization Through Ch. 11
(DBN)

____________

Soccer:

Parma put eight trophies including two UEFA Cups up for sale after going bankrupt
(DBN)

____________

Sovereigns:

Griesa approves bid by ‘vulture’ funds to seize Argentine assets
(DBN)

More Argentine discovery shenanigans
(DBN)

Ranked: The world's national debts, from safest to most risky
(DBN)

____________

UK:

UK High Court judgment on Lehman Waterfall II application, parts A and B
(DBN)

Vince Cable concerns emerge over opaque insolvency probe rules
(DBN)

Acting as insolvency practitioner on a pre-pack? Be pre-pared!
(DBN)

____________

EU:

Eurozone GDP unexpectedly slowed in Q2
(DBN)

Euro-Area Growth Cools as Germany, France Fall Short French GDP Growth? Zero
(DBN)

How A Sovereign Insolvency Regime Would Polarize The Eurozone
(DBN)

___________

PIIGS:

Greek ruling party heads towards split before bailout vote Greek parliament approves bailout package Greek PM faces biggest party revolt yet as bailout approved Greek Bank Resolutions to Set European Precedent, Barclays Says
(DBN)

____________

Canada:

Waldron Energy Corporation Announces It Has Consented to the Appointment of a Receiver
(DBN)

____________

Japan:

You think China has problems? Look at Japan
(DBN)

____________

China:

China slams the brakes after three straight days of devaluing its currency
(DBN)

____________

Argentina:

China Devaluation Is Blow to Cash-Strapped Argentina's Reserves
(DBN)

____________

MENA:

ISIS embraces slavery, using contracts and courts to govern the practice The horrifying logic behind ISIS’s infrastructure of r---
(DBN)

____________

Brazil:

Brazil's Copersucar loses top sugar mill as industry woes deepen
(DBN)

'There is no solution on the horizon' for Brazil
(DBN)

____________


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