May 15, 2015

The Daily Bankruptcy News

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Law:

Report: Corporate Counsel Spending More On Litigation
(DBN)

For Lawyers, Stark Differences in Career Path After Children
(DBN)

BigLaw - Nonequity Partners Not Busy Enough (Altman Weil Survey)
(DBN)

GC: In the Courtroom, Expertise Just a Bonus
(DBN)

Leaked Video Of Charleston Law Board — CSOL Is S.O.L.
(DBN)

Sidley Hires Simpson Thacher L.A. Head
(DBN)

In Wake of 35% Enrollment Decline, Pace Law School Dean Cuts Faculty Pay 10%, Eliminates Research Stipends And Sabbaticals, And Warns Faculty Not To Speak To Press
(DBN)

Madoff Prosecutors Reunited at Boies Schiller
(DBN)

Betting On Clients
(DBN)

UK BigLaw firm ripped off by email scammers
(DBN)

Law School Woes Hit Close To Home For New Yorkers
(DBN)

Pedigree: How Elite Students Get Elite Jobs
(DBN)

Will Biglaw Sue This Restaurant Out Of Existence?
(DBN)

Stop Saying Lawyers Need To Become Entrepreneurs
(DBN)

30 McKenna Long lawyers head to BakerHostetler
(DBN)

The Upside of Stress
(DBN)

Your Apple Watch may not be as safe as you think A flaw in the Apple Watch leaves it absurdly vulnerable to thieves
(DBN)

‘Deflategate hate’ unites NFL owners, players, fans NFL union appeals QB Tom Brady's suspension
(DBN)

Amy Schumer Brilliantly Skewers 12 Angry Men
(DBN)

You Won’t Believe This Bad Attorney T-Shirt
(DBN)

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Judges:

New bankruptcy judge knows tenuous line between 'survival and financial disaster'
(DBN)

Dim public awareness of Supreme Court as major rulings loom
(DBN)

Anatomy Of A Contempt — Just Keep Telling The Judge To F--- Himself
(DBN)

Judge facing recall effort says it’s a waste of taxpayer money and a threat to judicial independence
(DBN)

Suspended judge indicted over fugitive found at her home in 2013
(DBN)

Judge who called parents ‘knuckleheads’ and their dispute ‘retarded’ is chided by top state court
(DBN)

Appeals judge who held home invader at gunpoint: ‘I almost shot him’
(DBN)

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Wall Street:

Dow looks set for push into record territory
(DBN)

S&P 500 Closes at Record
(DBN)

Wall Street is starting to wonder: What if everything's going to be OK?
(DBN)

The escort indicator: Wall Street is booming again
(DBN)

Insider trading helped pay for wedding, U.S. alleges
(DBN)

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Layoffs:

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Autos:

Retiring GM director Isdell sees turnaround taking 10 years
(DBN)

GM wins dismissal of UAW retiree benefit lawsuit appeal GM does not owe $450M to UAW retirees
(DBN)

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Student Debt:

CFPB Begins Probe Of Student Loan Servicers, Signaling Stronger Rules
(DBN)

Corinthian College and the Tricky Path Towards Student Loan Relief
(DBN)

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Celebs:

Retired 4-star general promotes penny stocks
(DBN)

Teresa Giudice Is ''Reprioritizing'' in Prison '
(DBN)

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Education:

Bankruptcy Trustees Target Colleges and Universities
(DBN)

Why fewer students are going to college More than 80% of Americans say they couldn't afford college
(DBN)

Corinthian Colleges Students Win Official Committee Role
(DBN)

Career Education Decides to Shut Down Campuses
(DBN)

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Aviation:

The Best and Worst Airline Rewards Programs for 2015
(DBN)

Etihad: US carriers got $70B in government aid<- Bankruptcy protection and PBGC = "subsidies"
(DBN)

U.S. lawmakers seek answers soon on Gulf airline subsidy claims
(DBN)

U.S. Three vs. Middle East Three: Why All The Screaming? US airlines step up campaign against Gulf carriers U.S. Airlines Say Gulf Rivals Grab Traffic Without Adding More
(DBN)

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Debt Collection:

Debt-Collection Watchdog Faces Debt-Collection Grievance
(DBN)

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Politics:

Warren-Obama Rift Deepens
(DBN)

The Senate May Not be the GOP's for Long
(DBN)

MO: Speaker Diehl Admits to Affair w/ Intern
(DBN)

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Economy:

A $150 Billion Income Windfall Has Disappeared Under the Mattress
(DBN)

The U.S. Economy Just Had Its Worst Month Since the Recession
(DBN)

Jobless Claims in U.S. Fall as 4-Week Average at 15-Year Low
(DBN)

Jobs mystery: Krugman blames Apple (kind of)
(DBN)

Producer prices drop 0.4% in April
(DBN)

Why US Economic Growth Has Disappointed This Year
(DBN)

Obama: Why Those Struggling Can't Get Ahead
(DBN)

We need the Fed to be credible on fighting deflation
(DBN)

June rate hike is off table: ex–Fed No. 2 man Kohn
(DBN)

New 'bond king' makes predictions on yields, Fed
(DBN)

These countries are hoarding the world's gold
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected from Clawback under the U.S. Bankruptcy Code Safe Harbors
(DBN)

Chase buying $45B in mortgage loan service rights from Ocwen
(DBN)

FHA loans to home buyers have been climbing
(DBN)

Home Sales to Hit Highest Level Since 2006, Realtor Group Says
(DBN)

Time to sell housing stocks?
(DBN)

Settlement proposed to remove need to reopen THP bankruptcy case
(DBN)

Mortgage fraudster tried to murder witness
(DBN)

Manhattan facing glut of $20 million apartments
(DBN)

Default judgment levied against Brooklyn law firm in fraudulent mortgage rescue scheme
(DBN)

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Municipalities:

'Junk City' Mayor Rahm Emanuel might be seriously considering the 'b' word Can Rahm Emanuel Save Chicago From Bankruptcy ?
(DBN)

Chicago: We're not like Detroit? Not so fast
(DBN)

Banks giving Chicago time, while state bankruptcy bill takes shape
(DBN)

People don't know much about Chicago's future
(DBN)

Puerto Rico Bankruptcy Temptation
(DBN)

San Bernardino bankruptcy plan: bondholders hammered while pensions kept whole San Bernardino to Replace Firefighters, Cut Bonds Under Proposal
(DBN)

Developer That Fell Short On Local Project Owes Joplin $1.4M
(DBN)

The 10 worst cities to start your career
(DBN)

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Retailing:

An emerging American trend is terrifying news for Macy's, Kohl's, and JC Penney
(DBN)

Kohl's stock's biggest-ever one-day drop
(DBN)

JC Penney bonds gain on earnings, loan investors eye call protection
(DBN)

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Oil/Gas:

Oil down on ample supply as June Brent expires Oil steadies below $67 as global glut builds
(DBN)

Most U.S. energy executives are changing their business models to cut costs
(DBN)

Are US Drillers Actually Making A Comeback?
(DBN)

Oilman Hamm: 'Predatory' Saudi moves backfiring
(DBN)

Shale tech could squeeze 141 billion barrels from oil fields outside the US
(DBN)

Here’s where the Saudis are going wrong: Asa-El
(DBN)

Tide Goes Out in Europe's Oil Capital
(DBN)

Slump in Oil Prices Could Drag Calgary, Edmonton into Recession
(DBN)

Saudi claims oil price strategy success
(DBN)

Vedanta takes $4.5bn writedown on sharp drop in crude oil prices
(DBN)

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Lehman:

Lehman ruling preserves buyside calculation rights
(DBN)

Lehman Sues Federal Home Loan Bank Over $150 Million Payout
(DBN)

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Food/Beverage:

El Pollo Loco shares fall after earnings
(DBN)

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Mass Torts:

Bill to protect trusts for asbestos victims advances in House
(DBN)

House committee advances asbestos, frivolous lawsuit bills
(DBN)

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Golf:

Briar's Creek bankruptcy plan approved
(DBN)

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Religion:

Lawyers delay mediation decision in archdiocese's bankruptcy case
(DBN)

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Fraud:

Fraud Amendments to U.S. Sentencing Guidelines
(DBN)

The Scary New World of Tax Fraud
(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 (30 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)

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Bankruptcy Statistics:

Interactive Bankruptcy Statistics Map
(DBN)

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Miscellaneous:

Coming and Going Concerns
(DBN)

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Safe Harbors:

Securitized Loan Payments Safe Harbored Under Section 546(e)
(DBN)

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Make-Whole:

District Court Decision on MPM Silicones Bankruptcy Case Highlights Risks for Secured Lenders
(DBN)

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Plan Confirmation:

The Unappealing Prospects For Debtors Whose Bankruptcy Plans Are Denied Confirmation
(DBN)

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TBTF:

Even the FDIC doesn't think it's ready for the next banking crisis
(DBN)

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Privacy:

Apple and AT&T tell the bankruptcy court not to allow Radio Shack to sell customer data
(DBN)

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Gambling:

N.J. orders that power be kept on at Revel
(DBN)

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Rail:

Law Clouds Compensation for Amtrak Crash Victims Federal law caps damages for passenger rail companies at $200 million Suits over fatal Philadelphia Amtrak crash will depend on what NTSB finds: Was train going too fast?
(DBN)

Lawyer: 'No Recollection' Of Crash... Mayor: 'Was Reckless And Irresponsible'
(DBN)

Amtrak Aims to Fully Reopen Line Tuesday as Last Body Recovered
(DBN)

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Sovereigns:

Macri Has No Plans to Settle With Argentina Holdouts Immediately
(DBN)

Hedge Funds' Latest Salvo Is Ignored by Argentina's Bondholders
(DBN)

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UK:

UK Court of Appeal judgment in Lehman Waterfall I appeal
(DBN)

Lloyds chairman says turnaround has been slower than hoped
(DBN)

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EU:

ECB's Draghi says closing the liquidity tap must be done with care
(DBN)

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PIIGS:

Greece talks are actually getting worse Greece concocted an outrageous scheme to meet its debt obligations Financially strapped Greeks quietly prepare for the worst Deutsche Bank: Greece is 'suffering a new exodus' as people scramble to get their cash out Why Syriza Will Blink Greece shows graphic Nazi crimes video to push war claims Greece drops potential legal bid to get Parthenon Marbles back Greek Defense Min. warns his party may not accept bailout Varoufakis refuses any bailout plan that would send Greece into ‘death spiral’
(DBN)

ie: O’Donnells must pay legal costs in failed bankruptcy challenge
(DBN)

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Russia:

Things are so bad in Russia that one-fifth of the country can barely afford to buy food
(DBN)

Russian New Car Sales Fell 41.5% in April
(DBN)

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Venezuela:

Venezuela economy tanks amid pleas for 'libertad'
(DBN)

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Australia:

High Court clarifies proportionate liability regime
(DBN)

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Brazil:

Tonon Said to Hire Blackstone, Davis Polk for Restructuring
(DBN)

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Japan:

Japan sees bankruptcies down 18% on year in April, but overall debt rises
(DBN)

Corporate Japan Answers to Nobody
(DBN)

There's no end in sight for Japan's 25-year depression
(DBN)

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