February 6, 2015

The Daily Bankruptcy News

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Law:

Am Law 100 Firms Tune In For RadioShack Bankruptcy
(DBN)

Verdict In Alexandra Marchuk v. Faruqi & Faruqi --- Ex-associate who sued law firm seeking $2M wins $90K plus undetermined punitives --- Alexandra Marchuk v. Faruqi & Faruqi: A Post-Trial Interview With The Defense
(DBN)

Prestige, Not Training, Is What Helps You Get A Job
(DBN)

Trust Darwin: How Tech Will Disrupt, Save the Legal Profession
(DBN)

Which Boston Law School Has The Smartest Students?
(DBN)

Upcoming SCOTUS arguments in 3 bankruptcy cases (3/24 and 4/1)
(DBN)

What’s An Hour Worth?
(DBN)

Former Hunton & Williams Partner Disbarred For P--- At Work
(DBN)

Once-storied law firm, now dissolved, files for Chapter 7 bankruptcy
(DBN)

Harvard Bans Faculty from Bedding Students
(DBN)

Case dropped against PD handcuffed in court hall on viral video; ACLU calls for policy review
(DBN)

UK Firm of the Year results: Pay --- Career prospects --- Work/life balance --- Management openness
(DBN)

20 jobs transferred as Linklaters outsources print room
(DBN)

In house lawyers' Worst Perk Award
(DBN)

Officer's Dance Caught on Dashcam Test
(DBN)

Woman Claims ‘Angry Law Firm Ghost’ Pushed Her To The Ground
(DBN)

Reinventing The Law Business: 7 Steps To Getting A Job As A Lawyer
(DBN)

It’s Okay For Lawyers To Be Jerks (Sometimes)
(DBN)

Legal-aid lawyers resign after appearance in video advocating cop killing
(DBN)

How many therapy ducks are too many? Veteran with PTSD and 6 ducks appeals
(DBN)

Defendant blurts out murder confession in court and asks for execution
(DBN)

Man to get 3 years for failing to secure gun used by his son, 4, to fatally shoot playmate
(DBN)

Legal assistant’s complaints to boyfriend about work led to insider trading case against his dad
(DBN)

Legislator wants frequent flyer exception to r--- laws
(DBN)

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Judges:

Missing pro se litigant in SCOTUS case resurfaces with a high-profile lawyer
(DBN)

Complaints of Abuse Preceded Judge's Abrupt Resignation
(DBN)

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Wall Street:

U.S. Index Futures Little Changed Before Payrolls
(DBN)

Stocks Close Sharply Higher Amid Rebound By Oil Prices
(DBN)

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Layoffs:

Oil Prices Lead to Huge Layoffs in January --- Weatherford International cuts 8,000 jobs as oil industry layoffs continue
(DBN)

Siemens Said to Plan 7,400 Job Cuts as CEO Reduces Costs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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CDS:

Swaps Make Restructuring Advisors’ Lives Trickier
(DBN)

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Gambling:

Lights stay on - for now - at former Revel Casino Hotel
(DBN)

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Apparel:

Store Closings Heavily Impact Apparel Sector
(DBN)

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Retailing:

RadioShack Files for Bankruptcy With Sprint Waiting in Wings --- Sprint Signs Agreement with RadioShack's Lender to Expand Branded Stores --- RadioShack Brand Said to Live on in Bankruptcy Deal With Sprint --- RadioShack files for bankruptcy, sell up to 2,400 stores --- RadioShack pulls the plug and files for bankruptcy --- Signal from the RadioShack dies --- RadioShack was the Starbucks of the '80s and then it ran out of batteries --- RadioShack Cuts The Cord After 94 Years, Files For Bankruptcy
(DBN)

What Will RadioShack Look Like After Bankruptcy Deal?
(DBN)

Amazon's Plan to Buy Old RadioShacks Is a Brilliant Master Stroke—If It Happens
(DBN)

Bankruptcy is no friend of retail
(DBN)

Strategic Confusion Put RadioShack at Mercy of Lenders
(DBN)

RadioShack's Almost-Defaulted Bonds Gain as Swaps Warp Bids
(DBN)

RadioShack employees: Tales from the walking dead
(DBN)

Sprint to add 500 stores, eyeing Radioshack 'real estate' -CEO
(DBN)

Mall Owners Will Really Miss RadioShack
(DBN)

Target Canada's Pharmacy Patient Records Being Sold At Rock-Bottom Prices
(DBN)

Cache Still Seeks Buyer in Bid to Avoid Liquidation
(DBN)

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Pharma:

Dendreon's Price Jumps 35% Before Bankruptcy Auction Even Starts
(DBN)

Amid competition for Dendreon's Provenge, Valeant ups bid to maintain its lead
(DBN)

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Telecoms:

Sprint gains new customers, but loses billions of dollars
(DBN)

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Environmental:

Attorneys for former Freedom Industries president want to delay 6 months
(DBN)

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Economy:

Fewer Americans Than Forecast Filed Jobless Claims Last Week --- Jobless number suggests the bull market can keep running
(DBN)

Global Debt Has Risen by $57 Trillion Since the Financial Crisis, Which Is Scary --- The Report (McKinsey)
(DBN)

Goldman Sachs Employment Forecast: 210,000 jobs added, Unemployment Rate decline to 5.5%
(DBN)

Productivity in U.S. Drops as Hours Jump by Most in 16 Years
(DBN)

Blue Collar Workers; Still Meager Wage Gains
(DBN)

The Incredible Shrinking Middle Class
(DBN)

Nation running at 90% normal economic, housing activity
(DBN)

Trade Gap Swells as Americans Buy Imported Cars, Oil
(DBN)

Bentley executive sees sales growth slowing as economy prospects darken
(DBN)

Warning! 12 Central Banks Have Cut Rates --- Two charts show what's spooked central bankers in 2015
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

The early stages of a LIHTC workout
(DBN)

Mortgage rates fall to 20-month low, Freddie Mac says
(DBN)

One in four foreclosures are zombie homes
(DBN)

Mortgage credit availability increases in January
(DBN)

Wells Fargo ordered to pay $4 million for HELOC violations
(DBN)

NAHB: Builder Confidence improves Year-over-year for the 55+ Housing Market in Q4
(DBN)

Goldman Sachs: Fundamentals set for improving housing market
(DBN)

Ocwen: Expect record losses for 4Q14 and FY14 --- Fitch downgrades Ocwen mortgage servicer ratings, again
(DBN)

GAO: Rampant misconduct among senior HUD officials ran deep
(DBN)

Richmond: Former developer Billy Jefferson files appeal
(DBN)

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Municipalities:

Wayne County officials address staggering deficit --- Wayne County must reduce pension, health costs
(DBN)

County files late objection to Detroit bankruptcy deal --- Wayne County threatens Detroit bankruptcy deal
(DBN)

The two Detroits: a city both collapsing and gentrifying at the same time
(DBN)

Detroit Pension Cuts From Bankruptcy Prompt Cries of Betrayal
(DBN)

Feasibility in the City of Detroit Bankruptcy
(DBN)

Stockton bankruptcy judge puts key CalPERS rulings in writing
(DBN)

10 States With Worst Taxes for Middle Class
(DBN)

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Oil/Gas:

Fri. A.M.: Oil rallies as bullish signals promise second weekly gain --- Oil heads for biggest weekly gain in four years in volatile trading
(DBN)

Fitch: US Rig Count May Fall; Longer, Slower Recovery Expected
(DBN)

Drilling Down: A Deeper Look into the Distressed Oil & Gas Industry — The Ability to Assume or Reject Oil and Gas Leases
(DBN)

Oil volatility hits industry as 'price war' weighs
(DBN)

Lower 48 oil production declines
(DBN)

World Pumping More Oil Than It's Finding
(DBN)

Challenger reports 63% rise in layoff announcements on oil-price collapse
(DBN)

Oil layoffs abound despite booming production
(DBN)

Suncor Q4 profit plunges on oil price slide, weaker oil sand output --- Suncor Energy Inc.: It's the Oil Price , Stupid!
(DBN)

Drilling company Maersk cuts staff
(DBN)

The oil price slump is hitting Apollo Management really hard
(DBN)

Clock starts ticking on $5.3 bln tax break for North Dakota oil
(DBN)

Oil-price collapse may aggravate producing nations' other problems
(DBN)

Oil Price Predictions Are Both Science And Art For Energy Analysts
(DBN)

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Privacy:

Health Insurer Anthem Is Hacked, Exposing Millions of Patients' Data --- 80 million customers and workers’ info obtained in health insurer hack
(DBN)

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Healthcare:

Pressure on Attorney General to Allow Purchase of Daughters of Charity Hospital by Prime Healthcare
(DBN)

Struggling hospitals turn to consolidation, outsourcing for revenue
(DBN)

Fact Check: Measles Outbreaks Caused By Diseased Immigrant Children? --- Rand Paul on 'walking, talking' children who end up with 'profound mental disorders after vaccines' --- Everything You Need to Know About Measles in 90 Seconds --- States Scramble to Tighten Vaccine Laws
(DBN)

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Gambling:

Caesars to Face Two Creditor Panels, One Controlled by Foes
(DBN)

Caesars new CEO to earn $1.8 million, eligible for bonus
(DBN)

Hearing set to start in Revel power-plant showdown
(DBN)

Mold, burst pipes, fire hazards possible if Revel Casino Hotel utilities shut off
(DBN)

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Tax:

IRS Rehires Hundreds Of Problem Former Employees
(DBN)

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Corporate Reform:

Judge Calls Deferred Prosecution Agreement 'Disrespect for the Law'
(DBN)

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New Bankruptcy Opinions
(11 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (35 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (16 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)

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Bankruptcy Statistics:

January Bankruptcy Filings Decrease 14 Percent from 2014 - Consumers and businesses continue to avoid filing bankruptcy due to high filing costs
(DBN)

Lazard Restructuring Operating Income Down 14% YtoY - Financial Advisory Income Up 23%
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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UCC:

JPMorgan Seeks Review of 'Seismic' Ruling on GM Loan
(DBN)

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Venue:

It’s Delaware’s World; We’re All Just Living in It
(DBN)

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Avoidance Actions:

The Ninth Circuit Rejects the “Dominion and Control Test” for Determining the Initial Transferee in Fraudulent Conveyance Actions
(DBN)

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Debt Tenders:

SEC Issues Guidance for Shorter Debt Tender Offers
(DBN)

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Debt Collection:

11th Circuit: Affirms Decision Refusing to Setoff FCCPA Award with Outstanding Debt
(DBN)

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Fraud:

'Independent Verifier' Indicted in Rothstein Fraud
(DBN)

Ira Rennert denies looting firm to build huge mansion
(DBN)

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Banking:

Why Banks Should Support Elizabeth Warren
(DBN)

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Politics:

Bush Immigration Stance Shocks Conservatives
(DBN)

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Hedge Funds:

Paulson & Co. Distressed Partner Kamensky Exits Hedge Fund
(DBN)

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UK:

Crooked insolvency practitioner fined
(DBN)

Alpari fails to find buyers, 114 jobs go
(DBN)

Watchdog warns UK stores over Tesco probe
(DBN)

The wonder of Woolies – good(ish) news for UK insolvency practitioners
(DBN)

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PIIGS:

Greek, German ministers clash as ECB snub hits Athens' banks --- ECB Said to Allow Greek Banks 59.5 Billion Euros Emergency Cash --- Greece pleads with Berlin for time and money to re-write debt deal --- Greek bankers calm after ECB move despite share price falls --- Greek charm offensive falls flat in Berlin --- Why Greece's leftist Syriza will bow down to market pressures --- Here's what happens next in Greece's debt drama
(DBN)

Why Greece and Europe Can Still Reach a Deal --- Greek and German ministers can't even 'agree to disagree'
(DBN)

Greek contagion: ECB to pull out all the stops?
(DBN)

Yanis Varoufakis: "I'm the finance minister of a bankrupt country"! --- Schäuble pledges German help to Greece at meeting with new finance minister
(DBN)

How Greece's rhetoric has evolved over the last two weeks
(DBN)

Greek radicals play it safe with debt advisers Lazard
(DBN)

This time next year Greece will be out of the euro or Syriza will be out of power
(DBN)

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Canada:

Target liquidation begins with underwhelming sales, long lines
(DBN)

Canadians Flame Target for Failing at Yet Another Thing
(DBN)

City steel committee debates US Steel economic report
(DBN)

Former Montreal 'escort queen' undressed by the taxman
(DBN)

Household debt in Canada 'may be unsustainable,' report says
(DBN)

Cline Reorganization Plan Approved
(DBN)

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Ukraine:

Huge leap in Ukrainian interest rate seen as little help against financial woes
(DBN)

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Africa:

IMF grants $100 million debt relief to Ebola-hit countries
(DBN)

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Russia:

Russian oligarchs unload Sochi Olympics assets to recoup investment
(DBN)

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Brazil:

Brazilian judge freezes Batista family assets
(DBN)

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