June 5, 2015

The Daily Bankruptcy News

View prior editions: Click Here
View prior case summaries: Click Here
Search prior headlines: Click Here
Search prior case summaries: Click Here

Format For Mobile Device




Law:

Which region had the best employment rate for 2014 law grads?
(DBN)

Which Biglaw Firm Has Blocked Personal Email?
(DBN)

Fighting to Win: A GC's View on Retaining Outside Counsel
(DBN)

We Don’t Need Fewer Lawyers. We Need Cheaper Ones.
(DBN)

Biglaw Didn’t Teach Me How To Handle Initial Consultations
(DBN)

So, Your Company Wants to Start Some Litigation
(DBN)

NY Bankruptcy Pros Start Boutique Restructuring Shop
(DBN)

Succession Planning: The Client P.O.V.
(DBN)

Altman Weil 2015 Law Firms In Transition Survey results Reaction to Altman Weil’s “Law Firms in Transition”
(DBN)

Which Law Schools Had The Best Employment Rates In 2014?
(DBN)

Lawyer sues after his patent is featured in ‘stupid patent of the month’ blog post
(DBN)

Ex-Biglaw Partner Gets License Suspended For Relationship With Client
(DBN)

Clifford Chance hikes salaries for all fee-earners
(DBN)

10 skills California law students say are must-haves to succeed in the modern legal profession
(DBN)

Clifford Chance leaps to top of junior lawyer pay league table
(DBN)

Millionaire A&O partners award themselves bonuses while remaining silent on junior lawyer pay rises
(DBN)

Former BigLaw partner takes felony tax fraud plea
(DBN)

Man sued for sawing neighbor’s garage in half isn’t liable, judge rules
(DBN)

Chili’s waiter spit ‘loogie’ in my drink, customer says; suit is filed after cops test DNA
(DBN)

Suit accuses Florida man of exploiting glitch in hotel rewards program
(DBN)

Camping ‘law student’
(DBN)

Outstanding judgment of the week
(DBN)

Firm mocks solicitor on his own profile
(DBN)

Bonkers firm website
(DBN)

It’s legal to carry a loaded assault rifle at Atlanta’s airport
(DBN)

9 young lawyers to follow on social media for a glimpse into the glamorous side of law
(DBN)

Is It Racist To Charge Black People For Cheering?
(DBN)

Colorado gunman IS sane and meticulously planned rampage, court hears
(DBN)

Alan Dershowitz Pees, Slips, Falls, Sues Nothing Weak-Kneed About Alan Dershowitz's Lawsuits
(DBN)

Hot Bench Is A Remedy For A Sick Day
(DBN)

______________

Judges:

Invitation for Public Comment on the Reappointment of U.S. Bankruptcy Judge Vincent P. Zurzolo
(DBN)

Justices Urged to Provide More Access to Financial Disclosures Federal judge: "It is complete pain in the ass for the public to get copies of these reports"
(DBN)

Law Firms Bench Slapped Over Treatment of Witnesses
(DBN)

The Supreme Court On Criminal Intent; Or, The Rise And Fall Of Tone Dougie
(DBN)

Social Media Post Gets Judge Suspended
(DBN)

Judicial law clerk quits after taking heat for Web posts criticizing state trooper who died in crash
(DBN)

______________

Wall Street:

U.S. stock futures tilt lower
(DBN)

Dow off as much as 200 points as stock slide steepens
(DBN)

TED spread suggests correction may be coming
(DBN)

______________

Layoffs:

Fired Butler & Hosch Workers Want to Add Ex-CEO to WARN Class Action
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

______________

Telecoms:

NII Holdings in talks to sell Nextel Argentina
(DBN)

Are AT&T and Verizon in Trouble?
(DBN)

____________

Tobacco:

Wife wins access to Renegade records
(DBN)

____________

Coal:

Birmingham Coal & Coke files bankruptcy
(DBN)

____________

Mass Torts:

Asbestos Claimants Should Vote Against the Garlock Plan, Says Official Asbestos Claimants Committee
(DBN)

____________

Mining:

Will Molycorp Shareholders Get Totally Wiped Out in Bankruptcy?
(DBN)

Molycorp: Without A Capital Injection, Bankruptcy Is Imminent
(DBN)

____________

Privacy:

As it Happens, You Can Put a Price on Privacy
(DBN)

____________

Fraud:

Judge Says Madoff Trustee Can Proceed With Clawback Lawsuits
(DBN)

Fore! Ponzi Scheme Lands The Golf Channel In The Rough
(DBN)

Bankruptcy judge approves $35 million Fair Finance settlement
(DBN)

____________

Politics:

Rick Perry Announces 2016 Bid for President
(DBN)

Jeb Bush Says Announcement Coming June 15
(DBN)

No New Taxes Vow is Now Haunting the GOP
(DBN)

____________


Economy:

IMF: Fed should delay interest rate hike to 2016
(DBN)

Deutsche Bank thinks we should be ready for an absolutely huge jobs report Goldman Sachs identifies just 1 reason why the jobs report could be great... but 4 reasons why it might stink Looking ahead to the employment report
(DBN)

US productivity plunges in Q1; unit labor costs surge
(DBN)

Fed's Tarullo: US Economy Has 'Lost Some Momentum'
(DBN)

Ben Hecht: 'Inequality Of Income Presents A Threat To Our Society, Our Economy And Our Democracy'
(DBN)

US unemployment aid applications drop to 276,000
(DBN)

The Most Entitled Generation Isn't Millennials
(DBN)

Need a job? Make like Lewis and Clark, and go west
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Bank of America's Supreme Court Win May Boost Lending
(DBN)

Average US rate on 30-year mortgage stays at 3.87 percent
(DBN)

Reverse mortgages may sound risk free, but failure rate is high
(DBN)

Here’s why millennials aren’t buying homes
(DBN)

Housing bubble was built by J.P. Morgan, Barclays
(DBN)

10 most undervalued housing markets
(DBN)

____________

Municipalities:

Former California City Officials Move to Put Pensions on Ballot
(DBN)

Puerto Rico Utility’s Restructuring Moves Toward Legal Showdown
(DBN)

Broke And Barred From Bankruptcy, Puerto Rico Seeks Outside Cash
(DBN)

North Las Vegas Still Struggling With Economic Recovery
(DBN)

America's Most and Least Valuable States
(DBN)

____________

Corporate Reform:

HSBC to pay $43 million in Swiss money laundering probe
(DBN)

Goldman Said to Near U.S. Settlement Exceeding $2 Billion
(DBN)

____________

Religion:

Pope’s rebel advisors infuriating Vatican stalwarts by breaking code of silence on child s-- abuse
(DBN)

____________

Awards:

Legal 500 US Bankruptcy Awards UK Canada
(DBN)

Roma N. Desai selected for NCBJ Next Generation Program
(DBN)

____________

Guns:

Bleak Outlook for Firearms Maker Colt Ailing Colt revises offer to investors, addresses bankruptcy option
(DBN)

____________

Oil/Gas:

Oil ends at lowest level in a week Oil trades near week-low as OPEC meets Oil's breakout just 'failed miserably': Trader
(DBN)

Price Manipulation in the Oil Markets?
(DBN)

Shale is 'here to stay' Conoco chief tells OPEC
(DBN)

Fortune 500: Oil prices take slight toll on rankings for Houston companies
(DBN)

After Filing Bankruptcy, O&G Company Gears Up to Sell Assets
(DBN)

Dealing With Fractional Oil, Gas Interests In Bankruptcy
(DBN)

Energy companies grew “lazy” and “flabby” while oil prices were high, executive says
(DBN)

Primera Energy files for bankruptcy amid legal woes
(DBN)

Federal Reserve says oil service costs down 30 percent
(DBN)

Banks assess exposure to energy sector as low oil, gas prices pose risk to loans
(DBN)

____________

Celebs:

Kim is broke as a joke after being fired from RHOBH
(DBN)

Ahmed Zayat's Journey: Bankruptcy, Big Bets and Maybe a Triple Crown Financial questions have dogged owner of Triple Crown hopeful American Pharoah American Pharoah Almost Got Repossessed Before He Was Even Born
(DBN)

____________

Publishing:

Family Christian Stores CEO trusting in God as bankruptcy decision looms
(DBN)

____________

Coal:

Coal giant Peabody faces federal scrutiny over clean-up insurance
(DBN)

____________

Healthcare:

UMC, El Paso Children's Hospital mediation talks approved
(DBN)

Obamacare Health Insurance COOPs Are Unraveling
(DBN)

Obamacare 2015 by the Numbers
(DBN)

Best Health Care in the World? Nonsense
(DBN)

____________

Education:

'Chipping Away At My Soul': Insiders Detail The Decline And Fall Of Corinthian's For-Profit College Empire
(DBN)

Former students press claims against Santa Ana-based Corinthian Colleges
(DBN)

For Profit Colleges Are Real Welfare Queens
(DBN)

When a Parent Files for Bankruptcy Colleges May Forfeit Tuition Payments
(DBN)

Why would anyone give Harvard $400 million?
(DBN)

____________

Lehman:

10 reasons to feel sorry for Lehman’s CEO Dick Fuld
(DBN)

____________

Private Equity:

MidOcean Partners struggles to put rocky performance in past
(DBN)

____________

Compensation:

How Chase's Jamie Dimon Because a Billionaire
(DBN)

____________

 


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 (16 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)

______________

Bankruptcy Statistics:

 

Interactive Bankruptcy Statistics Map
(DBN)

_____________

Structured Dismissal:

Third Circuit Allows Structured Dismissal of Chapter 11 Case that Violates the Bankruptcy Code's Priority Scheme
(DBN)

____________

Debt Collection:

Western District of Missouri Bankruptcy Court Finds No FDCPA Violation for Proof of Claim Filed on Time-Barred Debt
(DBN)

____________

Property of the Estate:

Time is Money: Conversion and Property of the Estate
(DBN)

____________

Setoff:

Setoffs – Cutting Your Losses Both Inside and Outside Bankruptcy
(DBN)

____________

Jurisdiction:

Supreme Court’s Wellness Opinion Effectively Overturns The Sixth Circuit’s Decision On Bankruptcy Court Jurisdiction in Waldman
(DBN)

Supreme Court Holds That Parties May Consent to Adjudication by Bankruptcy Court of “Stern-Type” Claims
(DBN)

____________

Bankruptcy Strategy:

Quick Bankruptcy Exit May Lead to Return Trip, Professionals Say
(DBN)

____________

Lien Stripping:

United States Supreme Court Begrudgingly Extends Dewsnup Decision
(DBN)

____________

Environmental:

Exide says California claims an 'end run' around Ch. 11
(DBN)

____________

Gambling:

Caesars' Restructuring Chief Says 'Big Step Backward if Suits Against Parent Continue
(DBN)

____________

Shipping:

Shipping faces increased exposure from failure to manage risk
(DBN)

____________

Movies:

Relativity Media Hires Blackstone to Advise on Refinancing
(DBN)

____________

Retailing:

Gap Sales Fall in May
(DBN)

Sears Hometown and Outlet Stores profit falls
(DBN)

____________

Aviation:

Major Skymark creditor approaches Delta over rehabilitation Skymark Creditor Intrepid Says Seeking Other Airline Sponsors
(DBN)

____________

Sovereigns:

Ex-Credit Suisse Banker Has a Plan for Argentina's Bond Holdouts
(DBN)

____________

UK:

The Eversheds international guide to company insolvency
(DBN)

Rescue deal for luxury coach hire business
(DBN)

____________

EU:

EU Retailers’ Struggles Continue Amid Signs of Improvement
(DBN)

____________

PIIGS:

Tsipras Raises Stakes in Greek Showdown as IMF Payment Deferred Greece shocks IMF by holding back €300m ‘Greece is doing a Zambia’, say analysts Key sticking points in Greek debt showdown
(DBN)

Lagarde 'confident' Greece will make debt payment Lagarde: Late talks opened ‘window’ for Greek deal Greece delays IMF payment, PM to brief angry parliament Greece delays IMF payment as Merkel warns crisis far from over Greek left vents fury at creditors as Tsipras edges nearer to deal Alexis Tsipras says Greece deal ‘within sight,’ but party denounces conditions as ‘murderous’ Cabinet Members Offer Nice, Utopian Alternatives Greek opposition leader calls on PM Tsipras to avoid elections Greece requests merger of June IMF payments into 1 As Greece teeters, fallout for Europe uncertain
(DBN)

EU/IMF stance may force Greece into early elections: deputy minister Greece's bailout talks are getting even more sour — and snap elections could be round the corner Close to half of Greeks favor compromise deal with lenders: opinion poll
(DBN)

Greece would suffer if it left the eurozone. But would Europe?
(DBN)

Irish Bank Controversy Rages as Government Sets Up Inquiry
(DBN)

____________

Germany:

Germany’s bond rout is a warning of things to come
(DBN)

Avoidance under German bankruptcy law
(DBN)

____________

China:

The everything creditor - Bad loans for sale in online auctions Who Needs IMF When You Have Alibaba? China Sells Bad Debt Online
(DBN)

____________

India:

Govt sets up panel to suggest changes to Companies Act
(DBN)

____________

Australia:

Alan Bond, villain and hero of Australian business, dies
(DBN)

____________

Indonesia:

Distressed Funds Make Japanese Saviour of Indonesian Bank Pay Up
(DBN)

____________


The Daily Bankruptcy News is primarily a curated news link gathering service.   Most of the headlines contained in the publication are a collection of links to stories posted on the Internet by various third party publications.  Such content is owned by third party sources, not The Daily Bankruptcy News, and in some cases, these links change or expire, which means you may not be able to view some news stories in prior editions of the Daily Bankruptcy News. The DBN subscription fee is not a fee for access to the content of the links, but is a charge for the considerable work involved in gathering, organizing and presenting the links. Use of this site and The Daily Bankruptcy News is subject to our Terms of Use. If you received The Daily Bankruptcy News via email (and you have a paid subscription account), to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here.

Advertising
Advertising is available in The Daily Bankruptcy News. Click here for details  Feel free to contact us with any questions.

Passwords/Subscriptions
Access to certain links in The Daily Bankruptcy News is available only to readers holding a paid service subscription. These links are currently marked with a "DBN" notation. The cost of a subscription is $62/year, payable annually.  Volume discounts are available for sites with multiple users. Click here to see a schedule of discounts. Complimentary subscriptions are available for full-time educational and governmental employees and for full time students. For information about discounts or educational/governmental subscriptions, contact us by clicking here. A separate password is required for each member of a firm wishing access to restricted links.

New readers can receive a free password good for 30 days by clicking here. 30-day passwords are not available to readers who have previously had a password, even if the password was associated with a different email address used by the reader. Refunds are not available after purchase.

Readers who wish to change their passwords should click here. Readers who have forgotten their password should click here.

Adding Your Email Address To The Distribution List
If you would like to start receiving The Daily Bankruptcy News by email each day, click here, and fill in the information requested. There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us by clicking here for help.

Removing Your Email Address From The Distribution List
If you already receive The Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear. You do not need to type anything in the body of the email message. Note that the email asking for removal must be sent from the same email address which is on our distribution list. If you do not receive an email confirming deletion of your email address from the distribution list, contact us by clicking here for help.

If receive the publication forwarded from an older email address, you will need to contact us as described below for help removing that older address from our distribution list.

Press Releases/News Tips
Please send press releases and news tips to admin@bkinformation.com

Contact Us
The Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C. You can phone or text us at 281-402-3957. You can email us at accounting@bkinformation.com (email inquiries are usually answered substantially more quickly than phone inquiries). Our mailing address is 935 Eldridge Road, No. 350, Sugar Land, Texas 77478.

Copyright 2015