May 6, 2015

The Daily Bankruptcy News

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Law:

We Would Be Better Off If 30 Law Schools Closed
(DBN)

Which Biglaw Firm Had An Actual Exorcism Performed At Its Office?
(DBN)

Top legal brands grow 45% faster than others over last four years
(DBN)

Law Revue Video Contest 2015: The Winner!
(DBN)

McGlinchey Stafford Adds Bankruptcy Partner In Florida
(DBN)

Allen Matkins Elects New Insolvency partner
(DBN)

LPO growth leads to increased merger activity
(DBN)

Will Robots Replace Lawyers? Hogan Lovells chief suggests role of AI is being overstated in law
(DBN)

Another Colossal Lateral Mistake
(DBN)

Inside Sullivan & Worcester's New York Office
(DBN)

Pillsbury Winthrop Chair To Step Down in 2016
(DBN)

Business of Law
(DBN)

A Conversation With Mark Cuban
(DBN)

‘Some Firms Don’t Have the Guts to Close Offices’
(DBN)

Legal Market Evolving in an Uncertain Way
(DBN)

We Are All David Messerschmitt - Double Lives As Survival Mechanism
(DBN)

Law School Hunger Games? Profs Debate The Ethics Of Conditional Scholarships
(DBN)

7th Circuit: Law firm doesn’t owe fired attorney bonuses, due to terms of compensation pact
(DBN)

Attorney Sanctioned for Holding Back Theory of Case
(DBN)

Why lawyer's can't spell - but can do law
(DBN)

What Font Should You Use For Your Résumé? Apparently This Matters To People.
(DBN)

3 Tips For Networking At Conferences
(DBN)

7 times when you should absolutely lie to someone’s face
(DBN)

Preet Bharara Fracks Up The Skelos Boys
(DBN)

5 Inexcusable Law Firm Website Design Mistakes
(DBN)

This fun iPhone ad parody has a serious message about how addicted we are to tech
(DBN)

Preparing the Online Generation For The Occupational Hazards Of The Legal Profession
(DBN)

What do legal professionals need to know about Adobe Acrobat DC?
(DBN)

How to seem smart in work e-mail without really trying
(DBN)

9 of the biggest complaints about the Apple Watch so far
(DBN)

Ferguson to Pay $1,335 Per Hour for Dan Webb
(DBN)

A multimillion dollar class action lawsuit has been filed over Pacquiao's shoulder injury
(DBN)

New attorney general brings men in blazers to spinning class
(DBN)

New York Goes With Uniform Bar Exam for Would-Be Lawyers
(DBN)

These Cases Make Your iPhone 6 Better
(DBN)

Review: Apple Watch - iPhone J.D.
(DBN)

Federal suit says Marriott denied new mom lactation breaks because she’s a surrogate
(DBN)

Woman Arrested For Allegedly Attacking the Corpse of a Former “Frenemy”
(DBN)

Nebraska Woman Sues Every Gay on Earth
(DBN)

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Judges:

Texas Judge Reprimanded After Political Speech
(DBN)

The Junior Justice
(DBN)

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Wall Street:

Wall Street set for a rebound
(DBN)

U.S. stocks sell off as investors turn skittish
(DBN)

Dire predictions for earnings aren’t panning out
(DBN)

Bond rout rattles all assets
(DBN)

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Layoffs:

Harrah's New Orleans seeks to cut 400 jobs
(DBN)

First Data plans " a few thousand" layoffs
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Compensation:

Hedge-fund manager pay cut to $211,538 an hour
(DBN)

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Corporate Reform:

Warren probe into annuity incentives is overdue
(DBN)

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Education:

Bankruptcy Trustees Claw Back College Tuition Paid for Filers' Kids
(DBN)

Corinthian Students and the Department of Education in Student Loan Stand-off
(DBN)

U.S. charts new debt relief process with implications beyond Corinthian
(DBN)

Corinthian Appeals $30 Million Fine, Requests Hearing
(DBN)

50,000 Owed Money by Corinthian Colleges Include Lobbyists, Scammers
(DBN)

When ‘student debt relief’ isn’t what it seems
(DBN)

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Banking:

Wells Fargo charged with opening accounts without customers' permission Los Angeles sues Wells Fargo for fraud, says bank workers opened accounts without customer OK
(DBN)

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Amusement Parks:

Conneaut Lake Park May Be Open this Summer
(DBN)

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Credit Counseling:

Debt Relief Operation Files for Bankruptcy; CFPB Challenge Tossed
(DBN)

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Shipping:

OSG plots public rebirth
(DBN)

Sainty Marine defaults $10m bill of exchange
(DBN)

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Economy:

US trade data points to first-quarter economic contraction
(DBN)

US economy probably shrank in Q1 after all: Survey The recovery is stalling out again. Is the economy actually in … a recession?
(DBN)

First real sign of spring bloom in economy
(DBN)

Recovery Measures
(DBN)

Record number of manufacturing jobs returning to America
(DBN)

US services sector picks up speed in April Service Industries in U.S. Unexpectedly Grow at Faster Pace
(DBN)

U.S. Economic Confidence Index Down Sharply Last Week Americans are losing confidence in the economy
(DBN)

Steve Wynn: American Recovery 'Pure Fiction'
(DBN)

The 40-Hour Work Week Is a Thing of the Past
(DBN)

Americans Continue to Say U.S. Wealth Distribution Is Unfair
(DBN)

The road to riches is paved in diplomas
(DBN)

Blame the next financial crisis on the U.S. dollar
(DBN)

45 million Americans have no credit score
(DBN)

Five really good reasons to hate millennials
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

Freddie Mac to hand $746 mln to US Treasury
(DBN)

House Prices up 5.9% Year-over-year in March
(DBN)

Moody’s: Stopping eminent domain seizures of underwater mortgages a credit positive
(DBN)

More millennials are changing their minds about the suburbs
(DBN)

Morgan Stanley warns it could lose $292 mn in subprime suit
(DBN)

Bank of America Paid $315 Million to Settle With Banks Over Ocala Losses
(DBN)

Mortgage applications drop 4.6% MBA: Mortgage Purchase Applications increase, Refinance Applications in Latest Weekly Survey
(DBN)

Mortgage Rates Near 2015 Highs, Several major Lenders at 4%
(DBN)

Nationstar’s surprise 1Q loss pulls down nonbank servicers
(DBN)

San Francisco leads the nation in property bidding wars
(DBN)

The incredible real-estate portfolio of Bill Gates, the world's richest man
(DBN)

Home foreclosures fueled racial segregation in U.S.
(DBN)

It’s the biggest REIT correction in years
(DBN)

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Municipalities:

Jones Day lawyer praised for creating new political model
(DBN)

Puerto Rico Hedge-Fund Group Hires Law Firm as Cash Dwindles
(DBN)

Puerto Rico Fights to Restore Law Allowing Public Debt Revamp
(DBN)

Illinois, Chicago are $130B underfunded: Advisor
(DBN)

Moody's blues: A closer look at Chicago's dire fiscal future
(DBN)

In Puerto Rico's Debt Crisis, There Are No Easy Solutions
(DBN)

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Corporate Governance:

Court Of Chancery Explains Creditor’s Right To File Fiduciary Duty Claims
(DBN)

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Oil/Gas:

Oil Extends Gain Above $62 as U.S. Crude Supply Glut Seen Easing Oil hits 2015 highs as Libya output slows, Saudis raise prices U.S. Oil Jumps Above $60 for First Time This Year as Glut Eases Set to log a nearly 5-month high Get ready for 'frack counterattack'
(DBN)

Oil in the $30s? It may happen as a 'short squeeze' ends
(DBN)

Global Oil Production Up One Million bpd In March
(DBN)

More US Oil And Gas Companies Expected To Default On Loans Amid Lower Oil Prices, US Banks Say
(DBN)

Another Oil and Gas Company Files for Bankruptcy
(DBN)

Oil Prices Are Rebounding Now, But A Permanent Plunge May Be Coming
(DBN)

Gartman: Einhorn 'terribly, terribly' wrong on oil
(DBN)

Saudi Arabia has become a lot less predictable
(DBN)

OPEC: Speculators Helped Drive Down Oil Price
(DBN)

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Politics:

Hillary Clinton to back a path to citizenship Hillary is the favorite among millionaire voters
(DBN)

Paul Ryan loves talking about poverty, but he keeps getting the basic facts wrong
(DBN)

Huckabee, the other man from Hope, opens 2016 bid Huckabee's Love Affair with Big Government Huckabee in tax war as he launches White House bid
(DBN)

Ben Carson's Unbelievable Ego
(DBN)

What Carly Fiorina gets wrong about why women make less in the workplace
(DBN)

____________

Mining:

Magnetation mining files for bankruptcy Iron mining woes force Magnetation bankruptcy
(DBN)

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Retailing:

The Sad, Tarnished Afterlife of RadioShack's Name
(DBN)

____________

Mass Torts:

Asbestos reform needed to protect legitimate claims
(DBN)

____________

Radio:

Santa Cruz's KUSP votes to sell license
(DBN)

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Healthcare:

Nye Regional Medical Center Continues To Struggle Financially
(DBN)

Rescued by an Air Ambulance, but Stunned at the Sky-High Bill
(DBN)

____________

Fraud:

Executive at failed Connecticut hedge fund gets 2-3/4 years prison
(DBN)

SEC Busts $62 Million "Man Camp" North Dakota Ponzi Scheme
(DBN)

Rothstein Ally Gets Sentence Reduction; Is Rothstein Up Next?
(DBN)

____________

Environmental:

Mass. environmental firm files for bankruptcy, Brookline bank alleges fraud
(DBN)

____________

Gambling:

Friday meeting to try to resolve Showboat-Stockton impasse
(DBN)

Straub vs. ACR, Revel standoff continues in court
(DBN)

Australian lobsters highlight Caesars' cost-cutting moves
(DBN)

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New Bankruptcy Opinions
(1 new opinion 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 (11 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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Turnarounds:

Return of the Turnaround? - 2015 North American Restructuring Experts Survey
(DBN)

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Avoidance Actions:

Payments to Investors in a Securitization Structure Protected from Avoidance
(DBN)

Bankrupt Parents: Courts Clawing Back College Tuition Paid For Offspring
(DBN)

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Cross-Border:

OAS Update: Bankruptcy Court Grants Limited Temporary Relief in Chapter 15 Case
(DBN)

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SCOTUS:

Ropes & Gray Victorious in SCOTUS Bankruptcy Case
(DBN)

Opinion analysis: Justices slam the door on appeals of bankruptcy plan denials
(DBN)

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Safe Harbors:

Section 546(e) Protects Two Tiered Securitization Structures
(DBN)

____________

TBTF:

The Fed’s Emergency Lending Powers Come Under New Congressional Scrutiny
(DBN)

____________

Coal:

Coal Markets May Just Have Been Thrown A Lifeline
(DBN)

Coal Miner Walter Says 'Substantial Doubt' on Continuing
(DBN)

Moody's rates Blackhawk's CFR and term loan Caa1
(DBN)

____________

Bankruptcy Crimes:

Co-Owner of Bankrupt Decatur Business Facing 41 to 51 Months in Prison
(DBN)

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Hockey:

Otters need to find Erie buyer, pay taxes
(DBN)

____________

Weather:

12 million trees dead in CA drought
(DBN)

California is Failing in Water Conservation
(DBN)

____________

Ticketing:

Super Bowl Ticket Broker Files For Bankruptcy After Not Being Able To Provide Paid-For Tickets
(DBN)

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Sovereigns:

Elliott's Argentina Deal Pessimism Is Spreading in Bond Market
(DBN)

____________

UK:

RBS legal provisions hit £4.8b as bank braces itself for difficult year
(DBN)

Collective Redundancies in the UK – the Woolworths case
(DBN)

Lehman Brothers' UK pension scheme, Rothesay Life agree $1 billion deal
(DBN)

Former Lehman Brothers bankers in line for healthier pension payouts
(DBN)

____________

EU:

The 13 most 'miserable' countries in Europe
(DBN)

Euro zone business activity starts second-quarter on solid footing
(DBN)

____________

PIIGS:

Greece's 'Blazing Saddles' Strategy Isn't Working
(DBN)

Poll: The majority of Germany's business executives now want Grexit
(DBN)

ECB set to decide on increasing Greek bank lifeline ECB Considers Tighter Noose on Greek Banks
(DBN)

IMF warns it may withhold Greek cash IMF says Greece may need debt relief Greece makes loan repayment to IMF but another, bigger one looms next week
(DBN)

Greece blows hot and cold in race to avert cash crunch Greece blames EU, IMF for impasse in debt talks After 5 ghastly years of bailout program, Greece still sees no end to financial pain
(DBN)

Greece's 500 richest families may face special levy: newspaper
(DBN)

Greece introduces mandatory surcharges at cashpoints in attempt to raise money
(DBN)

Italy must solve bad loans problem to exit crisis-minister
(DBN)

Eurozone growth boosted by Spain, Italy
(DBN)

Record fall in Spanish unemployment figures for April
(DBN)

____________

Canada

Canada's trade deficit balloons to record $3-billion
(DBN)

____________

Brazil:

‘Ghost Malls’ Haunt Brazil
(DBN)

____________

Moldova:

Moldova seeks to solve riddle of missing $1 bln
(DBN)

____________

Denmark:

Seven Danish banks at risk of bankruptcy , according to report
(DBN)

Bank-Union Red Lines Drawn Around Danish Mortgage Finance System
(DBN)

____________

Vietnam:

Vietnam Banks Say ‘I Do’ as Government Forces Arranged Marriages
(DBN)

____________

Australia:

The biggest Aussie bank just had the biggest one-day fall since the global financial crisis
(DBN)

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