July 1, 2015

The Daily Bankruptcy News

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Law:

Dewey Defense: Everyone Sends Embarrassing Emails Dewey Finance Executive Testifies to Falsifying Records Last days of Dewey described in fraud trial Employee Backs Former Dewey & LeBoeuf Executives Claims
(DBN)

Biglaw Firm Decimates Summer Associate Program Seen as a waste of time
(DBN)

Dentons rises to US top tier as McKenna Long merger is sealed
(DBN)

Are Lawyers The New Linotype Operators?
(DBN)

Stress levels rise on more complex jobs
(DBN)

What Big Law Can Learn From Law & Order
(DBN)

Bankruptcy lawyer guilty of stealing from clients after trial unlike any other
(DBN)

This Illinois law school is one of the 10 most underrated
(DBN)

Jurors reject law prof’s claim of anti-conservative bias in hiring
(DBN)

Billable hours are a sign that client is not top priority, says expert
(DBN)

How to stop checking your email all the time AND feel good about it
(DBN)

8 things to never do on a business call
(DBN)

How should you handle a bad news client?
(DBN)

New app aims to find you a sub in a second
(DBN)

Does Social Media Do Any Good At All In Marketing?
(DBN)

24 ways your office job is literally killing you
(DBN)

How lawyers can avoid burnout and debilitating anxiety
(DBN)

Biglaw Trend Alert: Say Goodbye To Gmail
(DBN)

As Data Streams Grow, Lawyers Look for New Ways to Find Facts
(DBN)

Beyond Biglaw: Opposition Research For Litigators (Part 1)
(DBN)

The original escape plan of the fugitive New York inmates 12 staffers at New York maximum security prison placed on leave after bold escape
(DBN)

KKK plans SC Statehouse rally, says Dylann Roof ‘was heading in the right direction’
(DBN)

County Clerk's "marry my dog" comment draws criticism Here's why states can't just ignore the gay marriage ruling Texas in a state of confusion over same-sex marriage
(DBN)

Man accused of jury threat, biting court officer in 2010 gets another mistrial after lawyer punch
(DBN)

Lawyer targeted in claimed murder plot says not enough was done to protect her family
(DBN)

Summer Associate Allegedly Dismissed Over Wild Incident With Cocaine, H------
(DBN)

Meet 6 lawyers who are also racecar drivers
(DBN)

NYC lawyer turns to zombies, werewolves and cocker spaniels for his books about case law
(DBN)

A Deadly Deposition: Attorney Murdered At His Firm
(DBN)

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Judges:

Jon Stewart skewers Scalia after his string of Supreme Court outbursts
(DBN)

Judge Kozinski: Time to Rein in Prosecutors
(DBN)

‘Robert Bork Wouldn’t Have Changed History’? Not So Sure About That.
(DBN)

Advice For Those Of Us With Tenure Or Lifetime Appointments
(DBN)

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Wall Street:

US stock futures rally as Greece appears ready to accept bailout terms
(DBN)

Stocks close higher as investors follow Greek drama
(DBN)

Think twice before dumping your stocks because of Greece
(DBN)

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Layoffs:

500 jobs to go at Virgin Atlantic
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Education:

Is This the Beginning of the End for Apollo? Apollo Education Slumps After Profit, Revenue Forecasts Cut
(DBN)

Trade schools have to find grads jobs, or lose financial aid
(DBN)

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Finance:

Congress Leaves On Recess Without Re-Authorizing Export-Import Bank
(DBN)

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Politics:

This is Chris Christie’s main asset
(DBN)

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Celebs:

Teresa Giudice asked to forgo furlough request to visit ailing parents
(DBN)

Slim | 112 Star Slim Files For Bankruptcy
(DBN)

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Religion:

Notifying Potential Claimants in Diocese Chapter 11 Cases
(DBN)

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Museums:

Struggling Delaware Art Museum sells Wyeth, Homer paintings
(DBN)

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Retailing:

Really? RadioShack wants you to know it still exists
(DBN)

Pep Boys to Review Strategic Options, May Include Sale
(DBN)

Things Remembered ratings cut by Moody’s after covenant violation
(DBN)

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Aviation:

Anatomy of an Airline Bankruptcy: Aloha Airlines
(DBN)

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Mining:

Molycorp's woes: Why investors are running from rare earths
(DBN)

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Economy:

U.S. consumer confidence jumps past views
(DBN)

Economy is trying to get on its feet
(DBN)

Options Limited for U.S. as Crises Mount in Greece, Puerto Rico
(DBN)

American workers are burned out, overworked
(DBN)

Survey Shows Consumers Bring Home Credit Card Debt after Summer Vacations
(DBN)

Yellen may have just gotten her excuse: Ex-Fed gov
(DBN)

The Worst Companies To Work For
(DBN)

June New Car Sales Forecast to Reach 10-Year High
(DBN)

Bill Gross sounds alarm on ‘run on shadow banks’
(DBN)

Women are replacing men in the global workforce
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Home Prices Rise 4.2% In April, Says S&P/Case-Shiller City-by-city look at house prices Home prices jump 10% in year in these 2 cities S&P Case-Shiller: Home price gains slowed in April
(DBN)

Treasury sweep of Fannie, Freddie shareholder profits "costly for housing"
(DBN)

NYC renters: What they wish they’d known before they moved in
(DBN)

SCOTUS Upholds Disparate-Impact Theory; Big Blow to Developers and Lenders
(DBN)

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Municipalities:

Puerto Rico urges US bankruptcy deal Puerto Rico Could Really Use a Bankruptcy Puerto Rico Crisis Spurs U.S. Congress to Advance Chapter 9 Bill Puerto Rico Debt: Support Builds on Capitol Hill for Bankruptcy Economists say Puerto Rico needs right to bankruptcy option Puerto Rico Bankruptcy Adviser Says Out-of-Court Deal Infeasible
(DBN)

Next Greece may be one of these places in the U.S.
(DBN)

Puerto Rico utility may avoid default Puerto Rico Utility, Creditors Close to Deal to Avoid Default
(DBN)

Puerto Rico poses bigger threat to U.S. investors than Greece Puerto Rico more important than Greece: Cramer Puerto Rico's unfolding Greek-style disaster
(DBN)

Puerto Rico Unemployment at 12.6%, Poverty at 41% More Puerto Ricans consider exit as crisis deepens
(DBN)

How the US is helping to sink Puerto Rico
(DBN)

Insured Puerto Rico debt holders in 'good shape'? Why MBIA Inc. Dropped 12% on Talk of a Puerto Rico Restructuring Puerto Rico Worries Put Focus On Municipal Bond Insurers
(DBN)

20 funds with most exposure to Puerto Rican debt
(DBN)

In Declaring Puerto Rico’s Debt “Unpayable,” Governor Shifts Position on Debt Restructuring Puerto Rico strikes chord for creditor concessions Puerto Rico bonds fall sharply for second day Puerto Rico's debt load Puerto Rico bonds fall sharply for second day 5 ways Puerto Rico's debt crisis echoes Detroit Puerto Rico shocks, but not yet rocks, muni market Down and out in San Juan as Puerto Rico debt disaster looms Puerto Rico: How the low-key island amassed a debt big enough to crush it We're Responsible For Puerto Rico's State Puerto Rico's Dance With Default Embraces A Fickle Partner: Wall Street Puerto Rico at Precipice Piles on Muni Market
(DBN)

Report: Cut aid to towns that won't fund pensions
(DBN)

State review of Wayne County finances moving 'fast'
(DBN)

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Oil/Gas:

Oil rises as Iran nuclear talks hit deadline
(DBN)

Remember All That Oil in Storage? Here It Comes
(DBN)

Primera Energy CEO wins legal victory despite company's legal woes
(DBN)

Rig rout puts smaller drillers in front as oil majors scale back
(DBN)

How U.S. Shale Is Refusing To Bow To Saudi Pressure
(DBN)

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Politics:

The Little-Known Story of Elizabeth Warren's Republican Past Reveals So Much About the GOP
(DBN)

Chris Christie has the Wall Street problem he never saw coming
(DBN)

Ted Cruz slams NBC for cutting ties with 'terrific' Donald Trump
(DBN)

Donald Trump: An American Tale
(DBN)

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Personal Finance:

The cost of having our 2 children was a total shock
(DBN)

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Guns:

California tribe eyes bid for gun maker Colt
(DBN)

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Healthcare:

Bankruptcy judge approves HDL's use of cash collateral for another month HDL seeks a sale, lender says Chapter 7 imminent
(DBN)

Nurses' Registry files for bankruptcy protection
(DBN)

Mediation between El Paso Children's Hospital, UMC fails
(DBN)

Larkin Community Hospital gets Florida facilities in bankruptcy auction
(DBN)

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Fraud:

Judge hears evidence against Utah man accused in $72 million Ponzi scheme
(DBN)

CA: Lawsuit accuses prominent real estate investors of turning blind eye to Ponzi scheme
(DBN)

Miami couple’s Medicare fraud involved bankrupt Universal Health Care
(DBN)

June 2015 Ponzi Scheme Roundup
(DBN)

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Student Debt:

US bankruptcy judge pushes debt relief for Corinthian students
(DBN)

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Banking:

JPMorgan has found a $30 billion 'unexpected bonus' in the remains of Washington Mutual
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (8 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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Recharacterization:

The recharacterization doctrine is ripe for Supreme Court review
(DBN)

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Professional Compensation:

Attorney Fees in Bankruptcy May Increase Because of a Supreme Court Opinion
(DBN)

Working for Free: Supreme Court Holds that Fees Incurred Defending Fee Application are not Recoverable
(DBN)

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Bankruptcy Reform:

The ABI Commission on Business Bankruptcy Reform: Providing Information and Fairness to Creditors
(DBN)

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Avoidance Actions:

$5.9 Million in Payments to Golf Channel Declared Out of Bounds
(DBN)

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Bankruptcy Policy:

Breaking Bankruptcy Priority: How Rent-Seeking Upends the Creditors’ Bargain
(DBN)

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Structured Dismissal:

In re Jevic Holding Corp. Part I: Third Circuit Authorizes Structured Dismissals in Limited Circumstances
(DBN)

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Out-Of-Court Restructuring:

S.D.N.Y. District Court Holds Trust Indenture Act Limits Ability of Issuer to Restructure Bonds of Dissenting Bondholders Outside of Bankruptcy
(DBN)

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Resorts:

Baha Mar Resort Enters Bankruptcy Baha Mar: The Road To Bankruptcy Baha Mar Troubles 'Threaten Recession'
(DBN)

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Insurance:

Dishonesty Exclusion Bars Coverage for Attorney’s Charging Exorbitant Fee
(DBN)

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Food/Beverage:

Trustee says releases in Golden County Ch. 11 sale too broad
(DBN)

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Coal:

Alpha Natural Resources Creditors Ready for Possible Restructuring Talks
(DBN)

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Shipping:

OW Bunker Bankruptcy Should Bring Clarity on U.S. Maritime Lien Laws
(DBN)

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Sovereigns:

Argentina default 'highlights need for IPSAS'
(DBN)

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UK:

Clerys and the vulture culture
(DBN)

Ulterior motive not an abuse of process in winding up?
(DBN)

U.K. Manufacturing Grows at Slowest Pace in Over Two Years
(DBN)

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PIIGS:

Finance ministers to weigh latest Greek debt proposal Markets rally on report Greece set to accept terms Markets up on report of Tspiras climbdown Greek official dismisses talk of Tsipras caving Tsipras is going to explain his proposals to Greeks live on state TV This letter shows Greece is willing to accept nearly all creditors' demands Greece’s default deals blow to IMF Default Seen Averted in Credit Swaps by Greek Failure to Pay IMF Does it matter that Greece defaulted? Why Greece Puts a Gun to Its Head
(DBN)

Greece said to seek two-year bailout Here’s exactly what Greece wants in its new 2-year bailout Eurogroup turns down Greek bailout extension request Germany rebuffs Greek bid for crisis funds before default deadline What’s the Timetable to a Grexit? – The Short Answer No Default Seen in Credit Swaps by Greek Failure to Pay IMF Greek Voters Have Just One Question: What Does Yes Mean? Greeks eke by on little cash Greek finance chief: Still room to ease default crisis even with nation on brink The difficult choices facing the Greeks German Public Stands Behind Angela Merkel's Tough Stance on Greece Capital under tight control in Greece Schaeuble Said to See Greece Staying in Euro If 'No' Vote German FinMin: It's Up to Greece to Avoid Bankruptcy and Grexit S&P drops rating on junkpile Brace for euro at $1.05 if Greek jitters persist The Fallout of Greek Shame In 'Little Athens,' Greeks torn over debt crisis Grexit will lead to an explosion in credit risk for new EU members, says Saxo Bank chief economist Syriza is out of its depth and Greece's financial sector is utterly disappointed Why some big hedge funds are praying for a miracle in Greece Greece in 4 dire charts Where did the Greek bailout money go? Schaeuble said he'd advise ECB not to raise liquidity to Greek banks-sources Greece's creditors need a wake-up call Greece Won't Exit the Euro, Economists Say Beyond the Greek Impasse Ip, Gelpern and Matthijs On Greece 10 things they're not telling you about the Greek crisis The real losers from a Greek exit won’t be in Greece Greece and its tourists are painting very different pictures of the 'chaos'
(DBN)

Portugal gets 3 binding offers for state-rescued Novo Banco
(DBN)

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Canada:

Canada's Economy Shrinks for 4th Month
(DBN)

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Russia:

Yukos Lawsuit: Russian Diplomatic Accounts in Belgium Unfrozen
(DBN)

Russia's former richest man named as murder suspect
(DBN)

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Latin America:

Here's What Latin America's Sharp Slowdown Means for the U.S.
(DBN)

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China:

World Bank warns China to reform 'distorted' financial system
(DBN)

Tough outlook for China's mid-tier banks after rate cuts
(DBN)

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