January 16, 2015

The Daily Bankruptcy News

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Due to the Martin Luther King holiday, The Daily Bankruptcy News will not publish on Monday January 19, 2015





Law:

Kirkland, Jones Day in Caesars Bankruptcy Showdown
(DBN)

Work Dries Up At Quinn Emanuel, And Its Leader’s Solution Is For Attorneys To ‘Do Some Fun Stuff’
(DBN)

Bradley Arant Boult Cummings Expands into Florida, Adds Bankruptcy Partner
(DBN)

Flaster/Greenberg Names Bankruptcy Department Chair
(DBN)

People with law degrees get raises more often than any other degree holders
(DBN)

What Size is the US Legal Market?
(DBN)

Fewer and Fewer Students Are Applying to Law School
(DBN)

Business of Law
(DBN)

Use Your iPhone6 for Better Presentations
(DBN)

BLS: One in Four Lawyers to Switch Occupations by 2022
(DBN)

If You're In Law School, You're Probably Depressed
(DBN)

Alexandra Marchuk v. Faruqi & Faruqi: A Prickly Pear
(DBN)

Dershowitz Decries ‘Kafkaesque World of American Justice’
(DBN)

How Anchoring Can Influence Judges And Other Cognitive Biases
(DBN)

When To Outsource
(DBN)

Scanbot Pro Is The Best iOS Scanner App
(DBN)

BigLaw lawyer gives up law practice for organic farming
(DBN)

Clifford Chance trainee in YouTube islamist rant
(DBN)

White & Case cafeteria scores 1/5 for hygiene
(DBN)

Today’s Tech: How An Adjunct Professor Teaches Law Students Trial Technology
(DBN)

This Showering Trick Can Make You More Energized For The Day
(DBN)

Aaron Hernandez murder trial judge whittling down jury pool
(DBN)

Lawyer charged in claimed scheme to launder nearly $1M in fraudulently obtained tax-refund checks
(DBN)

Arrested Florida teen helps save life of officer booking him into jail - video
(DBN)

Nanny State? - Parents investigated for allowing their ‘free-range’ kids to walk home alone
(DBN)

Man throws drugs from car to ditch evidence -- lands on police cruiser
(DBN)

Proposing Some New Great Legal TV Shows
(DBN)

Glamorous Solicitor of the Year 2014 revealed
(DBN)

Man In Hot Water For Pointing Deadly - Banana -- at Deputies
(DBN)

Secretary claims managing partner forced her to inject vitamins in his . . .
(DBN)

Man pleads guilty to putting toddler in running dryer
(DBN)

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Judges:

NJ Bankruptcy Court Undergoing 'Generational Change'
(DBN)

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Wall Street:

U.S. Index Futures Drop as Swiss Fallout Continues
(DBN)

US stocks : Wall St drops for 5th day on global weakness worry
(DBN)

Weak bank results weigh on stocks
(DBN)

Wall Street Just Got Exactly What It Wanted — But Wasn't Ready For It
(DBN)

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Layoffs:

Bombardier 'pauses' Learjet 85 program, lays off 1,000
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Caesars Files Ch. 11 In Chicago As 2nd-Lien Creds Press Del. Case
(DBN)

Why Did Caesars Choose Chicago?
(DBN)

Great Caesars' Ghost?
(DBN)

The Caesars Bankruptcy : What's In and What's Out?
(DBN)

Fitch Downgrades Caesars OpCo to 'D' on Bankruptcy Filing
(DBN)

Betting on the House: The Dueling Caesar's Bankruptcies
(DBN)

Caesars to File Refinancing Plan Within 45 Days
(DBN)

Caesars Bondholders Were Just Dealt a Setback in Bankruptcy Court
(DBN)

Delaware judge stays Caesars bankruptcy case --- Caesars Bankruptcy Judge Allows Business as Usual for Now
(DBN)

Caesars Delaware Judge to Allow Some Initial Chicago Motions
(DBN)

Caesars Doubles Down With Bankruptcy Hearings in Two States
(DBN)

Who’s Who in the Caesars Bankruptcy
(DBN)

Caesars begins Chapter 11 play
(DBN)

Court filings show Caesars unit owes Gordon Ramsay, Nobu
(DBN)

____________

Religion:

Parties in Helena Diocese case move to enact settlement
(DBN)

Archdiocese wins latest dispute in bankruptcy over abuse
(DBN)

Not Charlie: Pope Francis Declares That There Must Be “Limits” To Free Speech In Criticizing Religion
(DBN)

____________

Banking:

Profit Falls at Citigroup on Restructuring and Legal Costs --- Citi earnings drop sharply; revenue misses views
(DBN)

Bank of America's Profit Falls 11%
(DBN)

Biggest Banks Lag Behind as Economy Gains Steam - Slow Trading Environment Hurts Profits at Bank of America, Citigroup and Elsewhere
(DBN)

____________

Retailing:

Apparel retailer Wet Seal files for Chapter 11 bankruptcy
(DBN)

Best Buy Tumbles After Predicting Sales Slump in First Half --- Best Buy Shares Crashing --- Best Buy blighted by gloomy sales outlook --- Best Buy Battered After Soft Sales Forecast, But Optimists Still Abound
(DBN)

RadioShack prepares bankruptcy filing
(DBN)

RadioShack's stock tumble helps confirm investors' worst fears
(DBN)

Bloomberg: RadioShack in talks to sell stores to Sprint
(DBN)

As RadioShack Bankruptcy Looms, Salus Again Wants Big Role
(DBN)

Fashion Mall bankruptcy sale could be halted by Chapter 11 motion
(DBN)

____________

Awards:

Jones Day named "Practice Group of the Year 2014" in bankruptcy category by Law360
(DBN)

Law360 Honors Bankruptcy Practice as a Bankruptcy Practice of the Year
(DBN)

____________


Economy:

NY Fed Empire State Manufacturing Index Rebounds to 9.95 in January
(DBN)

Philly Fed manufacturing index falls to 11-month low in January
(DBN)

Most Americans Feel They're Falling Behind
(DBN)

Falling Oil Prices Have Made The Fed More Determined To Raise Interest Rates
(DBN)

US producer prices post biggest drop in more than three years --- U.S. producer prices drop as gas costs fall
(DBN)

U.S. Jobless Claims Spike Amid Murkiness of Seasonal Layoffs
(DBN)

Jobless claims haven't been this high since September
(DBN)

The Poor Pay More in Taxes
(DBN)

Global economic outlook is glum despite cheaper oil - IMF --- IMF's Lagarde Sees U.S. Growth Amid Global Woes --- Lagarde: High debt and unemployment threaten global growth
(DBN)

More jobs, but many of them are low-paying
(DBN)

Bigger paychecks on the way?
(DBN)

Prepare for the largest wealth transfer in history
(DBN)

Average American pays $280,000 in interest
(DBN)

The Best Jobs Of 2015
(DBN)

Swiss National Bank Shocks the World --- Here's What the Swiss Central Bank Just Did and Why It's Such A Shocker --- The Likely Fallout of Switzerland's Surprise Move --- Hedge Funds Got Whacked By The Swiss Franc Rally
(DBN)

One Of The Best Predictors Of Recessions Is Rapidly Approaching The Here-Comes-A-Recession Level
(DBN)

Warning: Bond Rates are Going Negative
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Where houses are most overvalued in the U.S.
(DBN)

Lawyer indicted in mortgage-fraud case, accused of using another attorney’s identity on closing docs
(DBN)

30-year mortgage rate falls to 3.66 percent; 15-year below 3 percent
(DBN)

Fitch: 6 predictions for housing in 2015
(DBN)

Cash home sales continue decline, falling 38.7% YOY
(DBN)

Delray Beach affordable housing project files Chapter 11
(DBN)

Palm Beach apartment building owner seeks bankruptcy protection
(DBN)

Bronx landlord begins quest to oust alleged squatter
(DBN)

___________

Municipalities:

Detroit retiree firm defends pay --- Advisers cut millions in Detroit bankruptcy bills
(DBN)

Detroit Retirees Face Clawback
(DBN)

Caesars, Bally's in Atlantic City included in Caseser's bankruptcy filing in Chicago, report says
(DBN)

Atlantic City Mayor: At Least We're Not Detroit
(DBN)

____________

Mass Torts:

Judge rules BP’s Macondo well spilled 3.19 million barrels of oil into Gulf
(DBN)

BP maximum fine cut to $13.7 billion after court finds Gulf spill smaller than feared
(DBN)

____________

Oil/Gas:

Thurs. A.M.: Oil prices steady below $49 as forecasters see more falls --- Oil prices resume slide on growth fears
(DBN)

Thurs P.M.: Crude Oil Is Breaking Lower
(DBN)

Falling oil prices to spur business bankruptcy storm in Houston
(DBN)

Texas: The boom-and-bust oil capital of America
(DBN)

The big upside to cheap oil
(DBN)

Merrill: Crude to Fall to $31 --- An Oil Price Rebound Could Be A Long Way Off --- No oil price recovery yet despite US shale slowdown: IEA
(DBN)

BP sees $50 oil for three years --- Gloom settles over oil patch prospects as harsh reality of sub-$50 oil sinks in
(DBN)

IEA warns of tighter oil market in second half --- Be Prepared for an Oil Price Spike
(DBN)

Energy industry layoffs have begun and will accelerate
(DBN)

Houston: Downtown office deal scuttled by declining energy market
(DBN)

Houston: Apache workers face layoffs as oil prices fall
(DBN)

Schlumberger Profit Takes A Hit On Oil Blues ---Schlumberger to cut 9,000 employees
(DBN)

Continental Oil in Dramatic Budget Cuts
(DBN)

Premier Oil Slashes Spending 40%
(DBN)

Oil rises after Swiss National Bank's shock move
(DBN)

North Dakota's Oilfield Slowdown in 5 Numbers
(DBN)

Oil-Hub Calgary’s 25% Home Sales Drop Is Most Since Lehman
(DBN)

UK oil sector in crisis as crash catches up with the North Sea
(DBN)

OPEC: Demand For Our Oil Hasn't Been This Low Since 2004
(DBN)

Wells Fargo Examines Energy Loan Liabilities
(DBN)

____________

Corporate Governance:

Key Delaware Trend in 2014: Increasing Deference to Directors' Decisions - But Not "Anything Goes"
(DBN)

____________

Celebs:

Mike 'The Situation' Sorrentino's tax trial delayed until the fall
(DBN)

Uncle Si's Iced Tea maker sues Duck Commander
(DBN)

Your Bankruptcy Is a Wonderland: John Mayer May Get Stiffed on Amp Sale
(DBN)

____________

Waste:

Junk yard firm Scrap Solutions files bankruptcy
(DBN)

____________

Religion:

Pope Francis On Free Speech and Charlie Hebdo: 'You Cannot Insult The Faith Of Others'
(DBN)

____________

Telecoms:

Obama Calls on Cities to Build and Run High Speed Internet
(DBN)

Nortel pensioners should come first
(DBN)

____________

Hotels:

Credit Suisse's Davos Disaster: From Grand Hotel to Big Bust in Six Months
(DBN)

____________

Healthcare:

Chapter 11 Plan Assumes Medicare, Medicaid Provider Agreements
(DBN)

JMMC seeks bankruptcy again
(DBN)

Hospital battle rages in Gilroy
(DBN)

Rebuilding: New Specialty Hospital CEO takes hard look at hospitals
(DBN)

____________


New Bankruptcy Opinions
(3 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (68 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (18 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)

______________

Automatic Stay:

Postpetition Ratification of Prepetition Stay Waivers – A Possible End Around of the General Prohibition Against Prepetition Waivers of Bankruptcy Rights?
(DBN)

____________

Jurisdiction:

Same Song – - Third Verse: US Supreme Court Hears Arguments in Wellness v. Sharif
(DBN)

Catherine Steege Argues High-Profile Bankruptcy Case before Supreme Court
(DBN)

____________

Bankruptcy Reform:

American Bankruptcy Institute Issues Report Proposing Extensive Changes Chapter 11 Proceedings
(DBN)

Twin Daggers: Proposed 363(x) Amendments and Revisions to Adequate Protection Provisions Would Significantly Erode Secured Creditors' Recoveries
(DBN)

____________

Bad Faith:

Derma Pen filing dismissed for bad faith: anything you say can and will be used against you in the court of . . . bankruptcy? - Company's statements used as support for bad faith dismissal
(DBN)

____________

Gambling:

Apollo, TPG Beat the House in Caesars Bankruptcy
(DBN)

____________

Currency:

Mt. Gox chief was thought by US to be Silk Road mastermind
(DBN)

Bitcoin Exchange Processor EgoPay Freezes Funds, Disables API
(DBN)

____________

UK:

Bankruptcy rule changes ease pressure on those struggling with debt
(DBN)

Bankruptcy threshold to rise from £750 to £5,000
(DBN)

Things That Shocked Me When I Moved From New York To London
(DBN)

More than 100 food supply companies are at risk of collapse
(DBN)

____________

EU:

Swiss stunner sends euro to 11-year low against buck
(DBN)

Swiss surprise exposes eurozone vulnerability
(DBN)

____________

PIIGS:

The Greek Business Community Is Worried That The Upcoming Election Might Kill Any Shot At Economic Recovery
(DBN)

Samaras: 'With what SYRIZA promises, the country will definitely hit rock bottom'
(DBN)

2 Greek Banks Asking for Emergency Help
(DBN)

Developer Sean Dunne to face fresh grilling over asset transfers
(DBN)

____________

Canada:

Target Canada is going out of business --- 17,600 to lose jobs ---5 Reasons Target Failed In Canada
(DBN)

Target unit seeks creditor protection
(DBN)

Target workers, shoppers, dismayed at Canada pullout
(DBN)

Target says exit from Canada will help it resume share buybacks more quickly
(DBN)

Target’s Canada Retreat Added to Energy Woes Raise Growth Doubts
(DBN)

Why Hudson's Bay Company Could Win Big From Target's Canadian Closure
(DBN)

List of retailers that have closed Cdn stores
(DBN)

Why American Retailers Are Striking Out In Canada
(DBN)

US Steel wants creditor protection extended
(DBN)

____________

France:

France Dinged for $193M Bailout of Ferry Service
(DBN)

____________

Switzerland:

Franc furore sends Swiss stocks diving 10 percent --- From watchmakers to ski resorts, Swiss firms hammered by franc surge --- Swiss Currency Shock Hits Exporters; 'Words Fail Me,' Says Swatch CEO
(DBN)

The IMF Didn't Know What The Swiss National Bank Had Planned
(DBN)

Swiss Stocks Continue to Slide
(DBN)

SNB shock policy reversal turns Swiss government bond yields negative for first time ever
(DBN)

Jordan's Swiss Surprise Runs Gamut From 'Idiotic' to 'Brave'
(DBN)

The Swiss National Bank Lost 60 Billion Francs In Currency Chaos
(DBN)

Foreign Exchange Brokers Are Going Bankrupt In The Swiss Franc's Surge --- Swiss companies and currency brokers bleed --- Swiss-Franc Move Cripples Currency Brokers - Alpari Enters Insolvency, FXCM Suffers 'Significant' Losses; New Zealand Currency Trading House to Close After SNB's Move
(DBN)

Trust Is The Lynchpin Of The Capital Markets — The Swiss National Bank Just Broke It
(DBN)

____________

Russia:

Russia's $50 Billion Yukos Fine Starts Racking Up Interest Charges
(DBN)

Russian central bank says suspects Trust bank ex-owners of asset stripping
(DBN)

____________

Ukraine:

Russia Threatens Ukraine With Forced Default Over $3 Billion Loan
(DBN)

____________

China:

Another inglorious week for China property bonds
(DBN)

____________

South Africa:

Bankrupt South African Airways Has a 90-Day Plan It Hopes Will Save It
(DBN)

____________

Japan:

Japan Inc says goodbye to going bust in 2014
(DBN)

____________

Vietnam:

Vietnam may force banks into bankruptcy as overhaul quickens
(DBN)

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