March 13, 2015

The Daily Bankruptcy News

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Law:

What Makes The Toughest Job in Big Law So Tough Has Nothing To Do With Law
(DBN)

How Bankruptcy Firms Stay Afloat During Chapter 11 Slump
(DBN)

5 Parts Of BigLaw Culture Ripe For Change
(DBN)

Michigan Bumped Out of Top 10 Law School List
(DBN)

Who Should And Should Not Pay Attention To The U.S. News Law School Rankings
(DBN)

Open Thread: 2016 U.S. News Law School Rankings (15 – 30)
(DBN)

This T14 Law School Writes Terrible Cover Letters
(DBN)

It’s Hard To Pass The Bar: Unranked Law School Edition
(DBN)

What ‘Leo the Late Bloomer’ can teach hiring partners
(DBN)

Small-Firm Lawyer Wishes Biglaw Associate ‘Good Luck In Hell’
(DBN)

8 Pillsbury partners exit for Winston & Strawn; will other departures follow?
(DBN)

Net Up at Locke Lord in 2014
(DBN)

Lawyers' post-recession life: Fewer jobs, large debt
(DBN)

Job readiness not all that is desired of law graduates
(DBN)

Pfizer, Robins Kaplan, Take On Alternative Fee Arrangements
(DBN)

The Problem With URLs In Legal Marketing
(DBN)

Practical Advice on Navigating The Perils of Mobility
(DBN)

Circuit Sustains Default, Contempt Orders Totaling $235M
(DBN)

Lawyers: How to Handle Behavioral Job-Interview Questions
(DBN)

Police Probe ‘Ambush’ of Officers in Ferguson --- US Attorney General Holder says Ferguson shootings 'disgusting,' manhunt under way
(DBN)

Ellen Pao discrimination case takes a sharp turn --- Emails, text messages revealed during gender bias trial poke holes in Ellen Pao's story --- Judge: Ellen Pao's financial affairs can't be weighed
(DBN)

Ohio Cops Hunt Serial P---er Who Has Targeted Vehicles
(DBN)

66-Year Old Man Cops Plea To Kicking Woman, 102
(DBN)

Lawyer is censured for angry email accusing jury foreperson, a BigLaw attorney, of hijacking jury
(DBN)

Lawyer pays to fix smiles
(DBN)

Armed man intrudes restaurant owned by ex-WWE wrestler, gets body slammed
(DBN)

Juror's Google check at home halts trial after he admits discovering defendant's previous convictions
(DBN)

Defense: Too Drunk to Spend $44,635 ...
(DBN)

Say What?!
(DBN)

______________

Judges:

BK AZ: Proposed Individual Chapter 11 Plan and Disclosure Statement Available for Comment
(DBN)

Judge is reprimanded for telling jurors she thought their verdict was wrong
(DBN)

A Federal Judge On Trial Presentation Technology In His Courtroom
(DBN)

Florida judge fights release of her Facebook records
(DBN)

Scalia is portrayed by an actor who uses an originalist approach to Shakespeare
(DBN)

It's Just a Flesh Wound
(DBN)

Report: Nation's Federal Civil Docket Sees Growth
(DBN)

Squire Patton Boggs given massive kicking by Judge
(DBN)

______________

Wall Street:

 

Global stocks gain as weak retail sales shift Fed thinking
(DBN)

Stocks surge as Dow jumps more than 250 points
(DBN)

Wall Street should hate its own bonus system
(DBN)

Goldman’s president is ‘freaked out’ by bond market
(DBN)

______________

Layoffs:

Jobs are Available, but Are They Any Good?
(DBN)

400-plus workers face being furloughed as U.S. Steel idles Keewatin plant
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Gambling:

Judge orders examiner in Caesars' affiliate bankruptcy
(DBN)

Caesars Wants Bankruptcy Judge to Halt Suits Against Parent
(DBN)

February casino revenue down 14.8 percent in Atlantic City
(DBN)

New Bidders Try to Squeeze Into Sale Process for Atlantic City's Revel --- Fourth time's a charm? Judge again asked to approve Revel sale --- 19 new bidders join game to win Revel --- Judge sets Friday for next ruling on Revel
(DBN)

Revel Urges Judge to Approve 'Bird in Hand' Deal With Developer
(DBN)

Lender on Revel: “There's no fork and there's very little road"
(DBN)

Trump Entertainment Cleared to Exit Bankruptcy Proceedings, Union Hurdle Remains --- Trump Taj Mahal survives bankruptcy by joining Icahn empire
(DBN)

 

____________

Flooring:

Lumber Liquidators Offers Free Formaldehyde Tests
(DBN)

Lumber Liquidators Frames Its Case
(DBN)

Lumber Liquidators Stock Soars
(DBN)

____________

Compensation:

Coke CEO gets $18.1M after company fails to meet targets
(DBN)

____________

Document Management:

Standard Register owes nearly $13 million in compensation to these 10 people, including 2 former CEOs --- Experts say Standard Register a promising candidate to emerge from bankruptcy --- Standard Register CEO Joe Morgan talks bankruptcy in first local interview --- 10 companies Standard Register owes the most money --- Standard Register bankruptcy casts a long shadow on the region --- Important events in Standard Register's history --- Standard Register seeks bankruptcy sale to Silver Point
(DBN)

____________

Student Debt:

Lending Bankrupt Students a Hand
(DBN)

Senators Introduce Legislation To Make Private Student Loans Dischargeable In Bankruptcy
(DBN)

'Bill of rights' does little to lift student debt burden
(DBN)

____________

Politics:

Americans Confidence in Gov't at Record Low
(DBN)

____________

Retailing:

RadioShack warns investors that stock will be worthless
(DBN)

Retail sales dip 0.6% in February
(DBN)

____________

Consumer Finance:

Montel Williams-Backed Payday Loan Advertiser Fined $2.1 Million
(DBN)

____________


Economy:

Bankruptcy and the economy: New evidence that rules for debtors are too tough
(DBN)

What's next for the Fed?
(DBN)

Economists See Dollar Strength, Global Weakness Restraining U.S. Growth
(DBN)

U.S. initial jobless claims lower than forecast --- Jobless claims drop but still high
(DBN)

Is household formation set for a rebound?
(DBN)

3 Reasons Americans Would Pay More in Taxes
(DBN)

The United States of Corporate Welfare
(DBN)

Stocks, property push up household net worth
(DBN)

Cold weather chills US retail sales; jobs market firming
(DBN)

US Budget Deficit Totals $192.3 Billion in February
(DBN)

White House budget director: Obama won't lock in spending cuts
(DBN)

GOP Warned: $5.5T in Cuts to Balance Budget
(DBN)

5 disastrous trends that will impact future retirees
(DBN)

Is your degree worth it? - It depends what you study, not where
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

______________

Real Estate:

Zillow: “Strong” jobs report drives mortgage rates up
(DBN)

New home purchase applications rose in February
(DBN)

Colorado Springs developer behind USOC HQ project files for bankruptcy
(DBN)

San Antonio: $15M 'best bid' for N.W. Side land
(DBN)

Fla. Apt. Complex's 'No Bad Reviews' Clause in Lease Goes Viral
(DBN)

Bankruptcy trustee wants $1.3 million dead CEO's family allegedly enjoyed
(DBN)

___________

Municipalities:

Chapter 9 Plan Confirmation Standards and the Role of State Choices
(DBN)

Consent: Its Scope, Blips, Blemishes, and a Bekins Extrapolation Too Far
(DBN)

Fair and Unfair Discrimination in Municipal Bankruptcy
(DBN)

Positive Liberty in Public Finance: State Oversight of Local-Government Debt and the North Carolina Model
(DBN)

Who Bears the Burden? The Place for Participation of Municipal Residents in Chapter 9
(DBN)

The Disguise of Municipal Bonds: How a Safe Bet in Investing Can Become an Unexpected Uncertainty During Municipal Bankruptcy
(DBN)

Is the § 943(b)(7) Feasibility Requirement Feasible? Why Congress Should Clarify Its Chapter 9 Bankruptcy Plan Requirements
(DBN)

Fitch cuts rating on Wayne County, Michigan to B
(DBN)

CitizenDetroit gives residents tough decisions to make
(DBN)

Detroit Craftsmen Sift House Rubble in Quest for Treasured Wood
(DBN)

____________

Corporate Reform:

Commerzbank to Pay $1.45 Billion to Resolve U.S. Investigations
(DBN)

JP Morgan Sued on Power Market Manipulation
(DBN)

Is Being a Bad Employee a Crime?
(DBN)

____________

Oil/Gas:

Fri. A.M.: Brent crude oil slips under $57 as IEA sees worse glut --- Why oil can hover around $50, but not for long
(DBN)

Have Oil Prices Hit Their Floor?
(DBN)

Oil Inventories Continue to Defy Gravity
(DBN)

Distressed projects – what choices are available to lenders?
(DBN)

Crude-Oil Price Collapse Takes Toll on Williston
(DBN)

Dream of Shale Oil's Financial Benefit Dashed
(DBN)

How Big Oil is Profiting from Price Slump
(DBN)

Energy Companies Issue Bonds To Bolster Cash Reserves
(DBN)

Oil Price Crash Creates New Wild West In Shale Boom Towns
(DBN)

The oil crash is shaking up North Dakota's job landscape
(DBN)

What to do if you lose your energy job
(DBN)

Oil crash cushions shaky emerging markets
(DBN)

With oil prices low, Frank’s International to buy oil-tool firm for $95 million
(DBN)

Petrobras Scandal Goes Far Deeper Than Previously Thought
(DBN)

Penn West cuts dividends, strikes deals with lenders
(DBN)

Texas oil taxes crumple 40 percent during price collapse
(DBN)

Fitch Downgrades Odebrecht-Sponsored Drilling Rig Transactions --- Fitch Downgrades Schahin-Sponsored Oil-Vessel-Backed Transactions, Remains on Watch --- Fitch Downgrades QGOG Atlantic/Alaskan Rigs Ltd.'s Senior Secured Notes; Maintains Negative Watch
(DBN)

How Europe’s oil companies are profiting from the slump
(DBN)

____________

Television:

Americans are moving faster than ever away from traditional TV
(DBN)

____________

Mining:

Iron Ore Price Plunge Puts Small Miners In Danger Zone
(DBN)

____________

Fraud:

Fake IRS agents target more than 366000 in huge tax scam --- Fake IRS agents called 366,000 seeking money; 3,000 fell for scam since 2013, investigator says
(DBN)

State to list white-collar criminals in first Internet registry for those convicted of fraud
(DBN)

____________

Autos:

Tom Gores' Chassix Holdings files for bankruptcy --- Chassix, a supplier to GM and BMW, files for bankruptcy --- Auto supplier Chassix to hand keys to bondholders in bankruptcy --- Chassix, in pact with creditors, customers, files Ch. 11; has $250 DIP loan
(DBN)

Will Fiat Chrysler Sell to Ford or GM?
(DBN)

____________

Pensions:

PBGC Director on N. Mariana Pension Fund and American Airlines Bankruptcies
(DBN)

____________

Corporate Governance:

U.S. business interests square off against lawyers in Delaware
(DBN)

____________

Mass Torts:

Garlock Asbestos Settlement Tied to Quality of Opposing Lawyers, 'High Risk' Facts, Venue
(DBN)

____________

Theatre:

Macomb Music Theatre owners file bankruptcy; it may trump receivership
(DBN)

____________

Food/Beverage:

Former Farmer's Foods CEO sentenced to 5 years probation
(DBN)

____________

 


New Bankruptcy Opinions
(7 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

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

Recent Ch. 11 Filings (61 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (5 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)

______________

Bankruptcy Reform:

Kill Till: ABI Commission Recommends Market Rate for Cramdowns
(DBN)

Measuring the Effects of Consumer Bankruptcy Protection
(DBN)

Executory Contracts: Dysfunctional Analysis Part 2
(DBN)

___________

Bonds:

Exide’s Stand on Human Bondholders to be Tested
(DBN)

Tobacco Bond Defaults and Restructurings
(DBN)

NCAA Bonds: A Different Kind of March Madness
(DBN)

____________

Miscellaneous:

Coming and Going Concerns
(DBN)

____________

Jurisdiction:

Litigant Consent and the Power of the Bankruptcy Court
(DBN)

____________

Insurance:

Struggling insurance carrier issues layoffs
(DBN)

Life Partners—The Bankruptcy Court Judge Comes Down Hard on the Company's Former Management
(DBN)

____________

Personal Finance:

American wedding costs soar 16% in four years
(DBN)

____________

Bankruptcy Crimes:

Man sentenced in weapons case tied to Palin lawyer plot
(DBN)

____________

Healthcare:

Prime Healthcare founder defends decision not to buy 6 struggling hospitals
(DBN)

Unions Thwarting Attempted Rescue of California Hospital Serving the Poor
(DBN)

Options emerge for Seton: County purchase of Daly City medical center unlikely, coastside clinic a possibility
(DBN)

We Have Insurance, but Can't Afford to Use It
(DBN)

____________

Environmental:

Regulators detail Exide battery plant closure after decades of pollution
(DBN)

___________

Shipping:

Baltic Dry Index Weak, Shipping in Troubled Waters
(DBN)

____________

Banking:

Bank of Manhattan v. FDIC
(DBN)

Wall Street Banks Launch Massive Buybacks
(DBN)

Fed Slashes Wall Street Banks Payout Plans
(DBN)

Doral Financial blames collapse on tax fight and poor economy
(DBN)

____________

Auto Racing:

Tax Authority Gave Red Light To Return Of Marussia F1 Team
(DBN)

____________

Sovereigns:

Fifty Lashes and Hobson's Choice, Argentina Edition
(DBN)

Ukraine's IMF Program Sets Stage for Debt Restructuring --- Ukraine's debt restructuring talks with creditors to start Friday
(DBN)

Ukraine: One Debt Tea Leaf in the IMF Program
(DBN)

Griesa blocks Citigroup from processing Argentine bond payments --- Citibank Denied Permission to Process Argentine Bond Payment
(DBN)

Argentine bonds fall after U.S. judge upholds ban on interest payments
(DBN)

____________

UK:

Insolvency Practitioners: a new dawn?
(DBN)

Investment fraud victims stung a second time by bogus rescue service: 'thieving bunch of rats'
(DBN)

Cleaning up pre-packs
(DBN)

Protecting the public from harm by bankrupts
(DBN)

European insolvency framework
(DBN)

Annual review of insolvency practitioner regulation published
(DBN)

More efficient record keeping requirements for insolvency practitioners
(DBN)

SRA set to stop insolvency regulation
(DBN)

____________

PIIGS:

EU Commission chief says Greek reform talks are lagging
(DBN)

Now there's talk of a 'Grexident'
(DBN)

Athens threatens to seize German assets 'as compensation for Nazi war crimes'
(DBN)

Greek prime minister promises to keep paying creditors
(DBN)

Tsipras strikes deal to help Greece reform as war of words grows with Germany --- Germans Furious After Varoufakis/Tsipras Admit "Greece Will Never Repay Its Debts" --- Germany-Greece row heats up as Schäuble denies insulting Varoufakis
(DBN)

Greece, OECD, sign cooperation deal on reform
(DBN)

ie: O'Donnells to make last-ditch appeal against vacation order
(DBN)

____________

 

Ukraine:

Risks to Ukraine turnaround 'exceptionally high', IMF says
(DBN)

____________

India:

India's biggest bank aims to cut bad debt with huge online property auction
(DBN)

____________


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