January 28, 2015

The Daily Bankruptcy News

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Law:

How Dewey management's rosy picture masked an ugly truth
(DBN)

Associate Bonus Watch: Latham & Watkins Weighs In
(DBN)

Push and Pull of In-house/Outside Counsel Relationships
(DBN)

Business of Law
(DBN)

Associate Bonus Watch: New York Bonuses Go A Long Way In Texas
(DBN)

5 once-prestigious jobs that are now B-List --- 5 blue-collar jobs that pay $100,000 a year
(DBN)

Yes, Law Firm, You Were JPM’s Agent in Losing $1.5 Billion
(DBN)

When A Full Ride Is Half-Empty
(DBN)

That Professional Edge, Outside/Inside Law - Get (Really) Smart
(DBN)

Law School Dean Urges Students To Stop Making ‘Wildly Inappropriate’ Comments About Female Professor
(DBN)

82 law firm mergers got the green light in 2014
(DBN)

The Question You Should Ask All Lateral Hires
(DBN)

The Road Not Taken: Hush Dear, The Menfolk Are Talking
(DBN)

Beyond Biglaw: 3 Tips For Happy Experts
(DBN)

Dentons, Dacheng Seal the Deal for a Union --- Merge to create world's biggest law firm
(DBN)

For Foreign Law Firms in China, It’s Survival of the Fittest
(DBN)

Clifford Chance Eyes Changes To Lockstep System
(DBN)

US Supreme Court weighing proposals to curtail scope, burden and uncertainty of discovery in US Federal Court
(DBN)

Third-party funders come to the aid of management
(DBN)

Women who ask for raises tend to be disliked, while men may ‘get a pass on swagger,’ law prof says
(DBN)

The Dumbest Thing A Prospective Law Student Can Do
(DBN)

The most dangerous job in law
(DBN)

Which Firms Are Most Effective With Social Media?
(DBN)

Which apps are must-haves? It depends on your practice
(DBN)

18 Apps That Earn You Money
(DBN)

The iPad Is 5 Years Old Today. You Still Don’t Need One --- Here's Why Tim Cook Still Believes In The iPad --- Here's Everything Apple Will Unveil This Year --- Apple Just Released A New iPhone Update That May Solve One Of The Biggest Annoyances With iOS 8
(DBN)

How Microsoft Has Been Slowly Moving In To Take Over the Legal IT Realm
(DBN)

The Windows Laptop To Beat
(DBN)

Great apps for your smartphone, 2015 edition
(DBN)

The Best Time Of Day To Work Out To Lose Weight
(DBN)

A Master Networker Shares His Top 20 Networking Tips
(DBN)

8 Essentials to Get the Most Out of Working From Home
(DBN)

Minneapolis 15-year-old fatally shoots 13-year-old brother during game of ‘cops and robbers’
(DBN)

Cops: Woman Drowned Puppy In Airport Toilet After Not Being Allowed To Board Plane With Animal
(DBN)

Paul Weiss leads ‘Deflate-gate’ probe for NFL
(DBN)

Thieves Nab Nuggets After Plowing SUV Into Wells Fargo Museum
(DBN)

Guy Who Crashed Drone by White House Was Drunk
(DBN)

Sheriff takes to the streets to round up jurors
(DBN)

No, You Should Never Brag On Facebook About Your 16 Outstanding Arrest Warrants
(DBN)

Sedgwick ex-chair writes about what he knows in new novel
(DBN)

______________

Judges:

Bankruptcy judge Randy Doub passes away --- Friends recall lawyer's dedication
(DBN)

It’s shaping up to be a momentous term for SCOTUS
(DBN)

New project rewrites SCOTUS opinions from a feminist perspective
(DBN)

3rd Circuit ruling upholds a lawyer's right to post glowing judicial comments about his work
(DBN)

______________

Wall Street:

US stocks : Nasdaq futures gain, but others wobble
(DBN)

Stocks Drop on Weak Data, Earnings --- Stocks hit by underwhelming data and earnings --- Dow Jones suffers biggest loss since October in 'brutal day' for US markets
(DBN)

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Layoffs:

IBM Employees Fear Layoffs Will Begin On Wednesday
(DBN)

Microsoft's Layoffs Are Not Yet Done
(DBN)

Sony to Cut 1,000 Smartphone Jobs
(DBN)

Sears slashes 100 jobs at headquarters
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Politics:

Bernie Sanders is rattling Wall Street’s cage
(DBN)

Fewer States Are Determining The Outcome Of Presidential Elections
(DBN)

Fact Check: Rick Perry - The U.S. unemployment rate has "been massaged, it’s been doctored."
(DBN)

____________

Weather:

New England Got The Worst Of The Blizzard
(DBN)

There Is Basically No Snow In New York — But, Absurdly, The Entire City Shut Down
(DBN)

Getting back to normal after 'crippling' storm fizzles --- Why the Blizzard Forecast Missed Its Mark --- New York-Area Leaders Faulted for Overreacting to Snowstorm
(DBN)

____________

Retailing:

Denver businessman jilted by SkyMall bankruptcy
(DBN)

The Weird, Mysterious Company Behind The SkyMall Bankruptcy --- SkyMall's bankruptcy had less to do with its absurd catalog than you think --- An Ode to SkyMall as It Files for Bankruptcy
(DBN)

____________

Mass Torts:

Feinberg OKs payment for 50 deaths from $400M GM ignition fund; compensation starts at $1M
(DBN)

____________

Forex:

LQD Markets the Latest FCA Regulated Broker to File for Bankruptcy Protection
(DBN)

Bankruptcy proceedings underway for Boston Prime and BT Prime
(DBN)

____________

Celebs:

Former Billionaire Wyly Sued by Ex-Wife Over Stock Holdings --- Former Dallas billionaire Sam Wyly’s ex-wife now claims he hid stock from her too
(DBN)

How Do Some Highly Paid Athletes Go Bankrupt? They're Risk Takers
(DBN)

Inside Sly Stone's $5 Million Verdict: Opposing Attorneys Speak Out, What's Next
(DBN)

____________

M&A:

M&A Activity Jumps to Levels Unseen Since Before Global Financial Crisis
(DBN)

____________

Distressed Investing:

Recent Cases Highlight Potential Pitfalls for Distressed Investors
(DBN)

____________

Opera:

King & Spalding Advises Latest Bidder for New York City Opera
(DBN)

____________

Aviation:

One year after bankruptcy, American Airlines is soaring --- American Airlines Expects To Save $5 Billion From Tumbling Oil Prices
(DBN)

Japan's Skymark Airlines preparing to file for bankruptcy --- Skymark Said to File for Bankruptcy After Airbus Deal Flops
(DBN)

____________

Coal:

Peabody Cuts Dividend After Posting Loss Amid Coal Slump
(DBN)

____________

Student Debt:

The Myth That Middle-Class Students Don’t Get Financial Aid
(DBN)

____________

Religion:

Two victims seek papal investigation into past abuse
(DBN)

____________


Economy:

Orders for durable goods sink in December --- Suggests Weaker Business Spending
(DBN)

US consumer confidence rises to strongest since August 2007
(DBN)

The real state of the union, in 33 maps and charts
(DBN)

Unemployment rates fall in 42 US states amid broad hiring --- Joblessness Fell in Most States in December. How Does Yours Compare?
(DBN)

Pope’s U.S. tour: Expect economic fireworks
(DBN)

Where Are America’s Millionaires?
(DBN)

Doubts grow about mid-year rate hike, but Fed won't express any --- Morgan Stanley: The Fed Isn't Raising Rates Until March 2016 --- Fed risks deflation if it rushes to hike rates - Gundlach --- A Midsummer Disinflation Nightmare for the Fed?
(DBN)

Fed seen remaining patient with rate guidance amid global turmoil
(DBN)

Inequality Is Not Just About Wall Street: It’s In All 50 States --- A Staggeringly Lopsided Economic Recovery --- New York’s Rich Are the Only Ones Getting Richer --- New Data Show Top 1 Percent Really are Different from You and Me
(DBN)

Behind the CBO’s Forecast: Visions of the Third-Longest Expansion in U.S. History
(DBN)

Wage-growth outlook lifts consumer mood
(DBN)

Why Caterpillar's dismal earnings spell trouble for the global economy --- Caterpillar Just Delivered Some Terrible News For The Global Economy
(DBN)

Are Tutors the New Waiters?
(DBN)

Young Americans: Yearning for the Suburbs, Stuck in the City
(DBN)

The dark side of ‘sharing economy’ jobs
(DBN)

A new study argues cutting unemployment benefits created 1.8 million jobs
(DBN)

These Are The Most Business-Friendly Countries
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Return of the 3% down payment --- Fannie Mae, Freddie Mac regulator defends 3% down payment mortgages
(DBN)

Affordable housing didn’t cause the financial crisis
(DBN)

Mortgage applications drop 3.2% after two weeks of strong gains
(DBN)

The End of the Suburbs and Four Other American Migration Myths
(DBN)

Don’t blame the poor for the housing meltdown
(DBN)

U.S. new-home sales jump 11.6% in December --- A Look at Case-Shiller by Metro Area
(DBN)

Real Prices and Price-to-Rent Ratio in November
(DBN)

Home prices in 20 U.S. cities increased 4.3 percent in November
(DBN)

January home prices up, demand at record level
(DBN)

Chicago sees worst home- price decline: Case-Shiller
(DBN)

Ocwen: Mortgage bond investors mislead public, push foreclosures
(DBN)

California settlement puts Ocwen on a leash
(DBN)

FHFA hearing: GOP fear housing policy headed for Crash 2.0
(DBN)

____________

Municipalities:

Ex-Detroit EM Orr giving exit interview --- Kevyn Orr thanks outstate legislators, praises Gov. Rick Snyder, after Detroit bankruptcy
(DBN)

Orr talks bankruptcy , DIA, 'overblown' water crisis
(DBN)

Kevyn Orr: Creditors rejected offers to take airport --- Creditors never 'took the bait'
(DBN)

Detroit water rate cap a broken promise
(DBN)

City of Glendale taking state government to court over loans
(DBN)

Christie's Atlantic City takeover all about his image
(DBN)

S&P slashes Atlantic City general obligation rating
(DBN)

Christie's Atlantic City emergency action bad for N.J.'s other troubled cities, Moody's says --- Moody's: A.C. emergency manager a 'paradigm shift' for New Jersey
(DBN)

Representative Ron Sandack Files Bill to Allow Illinois Municipalities to Seek Bankruptcy Protections
(DBN)

Shamokin mayor, police chief take issue with Act 47 suggestions
(DBN)

America's Fastest Growing Cities
(DBN)

____________

Autos:

Sixth Circuit Grapples with Results of Chrysler’s Post-Bankruptcy Dealership Arbitrations
(DBN)

____________

Oil/Gas:

Weds. A.M.: Oil Resumes Slide as US Supply Seen Rising Again
(DBN)

A tale of woe in Texas, as gauges turn negative
(DBN)

The Fall in Crude Oil Prices: Headline Issues to Watch
(DBN)

Tight Oil Production Will Fade Quickly: The Truth About Rig Counts
(DBN)

The Impact Of Oil And Gas Price Declines On Asset Values Throughout the Oil Patch
(DBN)

He Called $50 Oil, Now He Says Its Going Lower
(DBN)

Bond king: Oil won't go back to $90 this year
(DBN)

Oil at $90 Will Take 60 Months -- UBS
(DBN)

U.S. Gas Prices End Their Record-Breaking Streak of Daily Declines
(DBN)

Dover cuts profit outlook as oil prices drop
(DBN)

A Russian-Linked Company In Bermuda Is Funneling Millions To US Anti-Fracking Groups
(DBN)

Russia needs oil at $70 to break even
(DBN)

Caterpillar warns low oil price means a tough 2015 for sales
(DBN)

Saudi Aramco to renegotiate some contracts on low oil price
(DBN)

Why Saudis are holding strong on oil prices
(DBN)

____________

Healthcare:

Health Care Sector Creates Challenges for Distressed Providers, Opportunities for Others
(DBN)

To Collect Debts, Nursing Homes Are Seizing Control Over Patients
(DBN)

Medicare payments to be tied to quality, HHS says
(DBN)

Plan released to reopen Palm Drive
(DBN)

Why Doctors Die Differently
(DBN)

What Doctors Make - Variations in salary are drastic and opaque
(DBN)

____________

Banking:

Regulations For Resolving Troubled Banks
(DBN)

New Provisions Require Structural Changes for Foreign Bank Organizations
(DBN)

____________

Chemicals:

Ashland profit down sharply on restructuring costs
(DBN)

____________

Fraud:

At InnoVida, the CEO hired Jeb Bush and went to prison
(DBN)

____________

Politics:

Hillary Clinton has big lead over Elizabeth Warren in 2016 matchup among Dems
(DBN)

____________

Currency:

Bitcoin mining company CoinTerra goes bust in big bankruptcy --- Another Miner Meltdown: CoinTerra Files for Bankruptcy
(DBN)

Bitcoin rate falls 2% as mining firm CoinTerra files for bankruptcy
(DBN)

Window opens for liquidators to make $23 million bitcoin claim
(DBN)

____________

Private Equity:

Fitch: Large Private Equity Managers Flex Remediation Muscles, Creditor Connections
(DBN)

____________

Alternative Energy:

Judge names receiver for KiOR plant
(DBN)

____________

Tax:

NetJets Avoids $500M IRS Claim
(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 (16 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (12 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)

______________

Miscellaneous:

Recent Bankruptcy Decisions in the Eighth Circuit
(DBN)

____________

Bankruptcy Policy:

The Melting Ice Cube Fallacy
(DBN)

____________

Bad Faith:

Real Estate Cases: Bad Faith Filing Does Not Necessarily Mean That You Are A Bad Person
(DBN)

____________

Bankruptcy Forms:

February 17 Deadline to Comment on the Proposed National Chapter 13 Plan
(DBN)

____________

Corporate Governance:

Delaware Court of Chancery Decision Clarifies Fiduciary Issues in Insolvent Company
(DBN)

____________

Bankruptcy Litigation:

Extraterritoriality
(DBN)

Foreign Sovereign Debt
(DBN)

____________

Secured Debt:

Significant Ruling Gives Chapter 11 Debtors New Leverage Over Secured Creditors
(DBN)

SDNY Issues Novel Opinion Holding that Out-of-Court Restructurings May Violate Noteholder Rights Under the Trust Indenture Act
(DBN)

____________

Bankruptcy Reform:

Trends in Chapter 11 Filings, Venue and Proposed Reforms
(DBN)

ABI Chapter 11 Reform Commission Series: Avoidance Actions and Other Litigation Issues
(DBN)

____________

Sales:

Delaware Supreme Court Decision May Provide an Opportunity to Further Expedite Approval of a Section 363 Sale
(DBN)

Can Bankruptcy Sales Be Free and Clear of Unknown Future Claims?
(DBN)

____________

Gambling:

Settlement reached in bankruptcy of Fontainebleau Las Vegas --- Jeffrey Soffer's Sigh of Relief in Fontainebleau Bankruptcy Settlement
(DBN)

Judge says to rule Wednesday on venue for Chapter 11 of operating unit of Caesars
(DBN)

Trump Casino Creditors Seek to Fight Icahn Group’s Claims
(DBN)

___________

Tech:

GT Advanced Shareholders Denied Role in Bankruptcy
(DBN)

Apple Smashes Forecasts, Selling 74.5 Million iPhones In Q1
(DBN)

____________

Litigation:

Courts and judges embrace predictive coding, but is it really fixing discovery?
(DBN)

____________

Food/Beverage:

New Yorkers Are Either Really Sad, or Really Happy, About Continental’s Demise
(DBN)

____________

Pensions:

Supreme Court says retiree health benefits can expire
(DBN)

____________

UK:

UK Retail – Another Dressing Down?
(DBN)

Law firms snubbed by listing of most influential lawyers
(DBN)

Will the rise of US law firms in London benefit litigation funding?
(DBN)

Construction industry writes off £2bn bad debts a year
(DBN)

____________

EU:

Europe's New Toolbox Aims to Minimize Impact of Troubled Banks
(DBN)

Gundlach: ECB QE will fail
(DBN)

____________

PIIGS:

Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle --- Greece, Europe dig in on bailout terms --- Greek FM: Hope to find common ground
(DBN)

Draghi: Greece tax burden below average
(DBN)

Why Greece Won’t Leave the Euro
(DBN)

Greece's New Government Is Already Hiking The Minimum Wage And Reversing Privatization
(DBN)

Greek Bank Stocks Are Getting Smashed For The Third Day Running
(DBN)

Greek crisis: A look back
(DBN)

Tsipras names anti-austerity Greek cabinet
(DBN)

How Wall Street squeezed Greece and Germany
(DBN)

How to make money from Syriza’s election win
(DBN)

Finance minister Varoufakis: Greece's 'Dr Doom'
(DBN)

____________

Canada:

Mobilicity enters second debtor agreement to acquire funds for AWS-3 spectrum auction
(DBN)

Cliffs Seeks Creditor Protection for Quebec Iron Ore Mine
(DBN)

Target owes suppliers, municipalities almost $3M in Manitoba
(DBN)

____________

Germany:

German GfK Consumer Sentiment At 13-Year High
(DBN)

____________

Switzerland:

Swiss central bank ready to intervene: official
(DBN)

____________

Russia:

New Insolvency Regime for Russian Individuals to Launch in July 2015
(DBN)

Everything We Learned From Russia's Downgrade To Junk
(DBN)

Remember Russia? It’s still doomed.
(DBN)

____________

Ukraine:

Ukraine seals emergency EU loan amid bankruptcy threat
(DBN)

Putin eyes benefits as rebels gain in Ukraine
(DBN)

____________

Asia:

Charts, Statistics And Data On Asia's Debt Mountain
(DBN)

____________

Romania:

Romania Won't Force Banks to Take Hit on Swiss-Franc Loan Switch
(DBN)

____________

Brazil:

Brazil's Eike Batista Resigns Oil Company Chairman Post
(DBN)

____________

China:

China insolvencies to increase in 2015, says Euler Hermes
(DBN)

First Five-Star Hotel Announces Bankruptcy in China
(DBN)

____________

Serbia:

Serbia adopted the Bill on bankruptcy and liquidation of banks
(DBN)

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