May 8, 2015

The Daily Bankruptcy News

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Law:

Proskauer lays off 29 staff members ‘Technological Changes’ Claim Another 29 Jobs
(DBN)

Citi Report: Law Firm Expenses Outpace Revenue in First Quarter
(DBN)

11th Circuit nixes lawyer’s work-product claim, says he must produce documents to client’s creditor
(DBN)

Best and Worst Law Schools in Job Placement
(DBN)

Will Charleston’s law school close? Announcement expected next week
(DBN)

Why Law Firms Need Non-Executive Directors
(DBN)

Law Firms Have Room to Improve, General Counsel Say
(DBN)

Ruden McClosky Unsecured Creditors Getting 10.5 Cents on the Dollar
(DBN)

He Oversaw the Largest Municipal Bankruptcy In US History; Now He's Leading Jones Day in DC
(DBN)

Three Common Mistakes To Avoid When Seeking Mentors
(DBN)

The ‘Bloody N------’ Of SmallLaw, Or What They Didn’t Tell Me
(DBN)

UK Magic Circle firm increases associate salaries by up to 10%
(DBN)

Irell Expands in Los Angeles With O’Melveny Hires
(DBN)

Snowden scores a big victory Court says the NSA broke the law by collecting millions of Americans' phone records
(DBN)

Forget the Apple Watch — here's the new watch everyone on Wall Street wants
(DBN)

17 Android-only apps that will make your iPhone friends jealous
(DBN)

18 types of coworkers you absolutely can't stand
(DBN)

7 tricks to appear more confident Understanding these 2 personality types can make you more persuasive
(DBN)

How A Business Lawyer Uses Document Automation In His Practice
(DBN)

Tom Brady's agent unloads on the Deflategate report, accuses the NFL of staging a 'sting operation' What 'Deflategate' will cost Tom Brady Report's Author Is Former Football Player Known Best as Trial Lawyer
(DBN)

How To Make Daredevil A Better Legal Show
(DBN)

Law firm's bonkers website
(DBN)

Say What?!
(DBN)

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Judges:

SEC Wins With In-House Judges
(DBN)

Federal Judge Wonders If Dismissal Triggered The Apocalypse
(DBN)

The One Where The D.C. Circuit Benchslaps The Federal Government
(DBN)

Is Rakoff the Only Judge Not In Love with DOJ?
(DBN)

How do federal Circuit Judges manage their staffs?
(DBN)

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Wall Street:

Futures higher ahead of jobs data
(DBN)

Wall Street climbs as global debt worries recede
(DBN)

Why are stocks so high? Borrowed money says it all
(DBN)

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Layoffs:

Zynga plans to cut 18% of workforce Zynga Still Employs Enough People To Make Massive Layoffs
(DBN)

Older workers shave years off their résumés
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Finance:

Hedge funds are the new banks for small business
(DBN)

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Bankruptcy Crimes:

Non-attorney accused of running law offices and $1.6M in thefts faces bankruptcy and tax charges
(DBN)

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Corporate Reform:

Elizabeth Warren warns that trade authority could gut bank regulation. Is she right?
(DBN)

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Television:

Aereo Settlement With Broadcasters Wins Court Approval
(DBN)

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Retailing:

Simply Fashion and Dots stores closing nationwide Simply Fashion to close 243 stores nationwide
(DBN)

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Education:

For-Profit College Implosion Intensifies as More Campuses Shut Down
(DBN)

Government's role in collapse of Corinthian
(DBN)

Developments on 2 fronts in Sweet Briar College's closure
(DBN)

EDMC to close 15 Art Institute locations
(DBN)

New bankruptcy clawback concept: Trustee pushes college, student to cough up tuition paid by parents
(DBN)

The For Profit College Scam
(DBN)

Stockton University facing $539000 in legal bills tied to Atlantic City
(DBN)

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Gambling:

Straub vs. ACR, Revel standoff continues
(DBN)

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Environmental:

Firm in W. Virginia spill case says politics hinders Ch. 11 exit
(DBN)

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Healthcare:

Hospital Strategy Is Unite Or Fail
(DBN)

Insurers for troubled dental chain Small Smiles' to pay out $39 million in tentative settlement
(DBN)

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Health and Beauty:

The business model of New York nail salons is basically indentured servitude
(DBN)

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Politics:

Ron Paul Would Like To Share His Musings On The Looming Economic Apocalypse
(DBN)

Fact Check - Jeb Bush: "There are more poor people today as a percentage of our population than the 1970s."
(DBN)

The GOP's Game of Thrones
(DBN)

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Shipping:

Sainty Marine clocks up $57.5m in overdue loan debt
(DBN)

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Economy:

Jobless claims hover near 15-year low, boost growth outlook
(DBN)

200,000 or bust: Why we need to see that many jobs
(DBN)

Goldman: 3 reasons the jobs report could be great and 3 reasons it could stink Why bad jobs news really is good news for stocks 4 keys to the April jobs report Why nailing the jobs report is 'impossible' 5 Things to Watch in the April Jobs Report Will the jobs report be the spoiler?
(DBN)

Great news, class of 2015: you’re graduating into the best job climate in over a decade
(DBN)

US consumer borrowing expanded $20.5 billion in March
(DBN)

America's Working Poor
(DBN)

The Unequal States of Credit
(DBN)

A Hazy View of US Economy Emerges Ahead of April Jobs Report
(DBN)

College Majors Figure Big in Earnings
(DBN)

Mohammed El-Erian Is Starting To Have A ‘Last Days At PIMCO’ Kind Of Feeling About Everything
(DBN)

Can Old Tool Fix Looming Retirement Crisis?
(DBN)

US Debt Clock
(DBN

Economic Indicators Dashboard
(DBN)

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Real Estate:

To Cap or Not to Cap, That is the Question: Bankruptcy Court Examines 502(b)(6)
(DBN)

Bank of America's Relief for Mortgage Borrowers Is Questioned
(DBN)

Mortgage rates rise, Freddie Mac says
(DBN)

Home-price gains fueling inequality: Realtors
(DBN)

Fannie Mae: More consumers positive on housing, but still on sidelines
(DBN)

House flippers seeing record returns
(DBN)

$1 million home sales surge, prices stall
(DBN)

Owner of commercial buildings in Fort Lauderdale files Chapter 11
(DBN)

Connecticut Mortgage Fraud Official Accused Of Mortgage Modification Fraud
(DBN)

A Los Angeles man spent 500 days secretly living in his office because he couldn't afford his rent
(DBN)

Chelsea Penthouse to be Sold at May 21st Bankruptcy Auction
(DBN)

Zillow: Detroit’s housing status is “deeply troubling”
(DBN)

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Municipalities:

San Bernardino to slash retiree health care in bankruptcy plan
(DBN)w

Judge slaps down San Bernardino firefighter appeals
(DBN)

Puerto Rico Argues To 2nd Cir. That It Has A Right To Enact Local Insolvency Laws
(DBN)

NYC Shows Puerto Rico How to Stay Alive If U.S. Says ‘Drop Dead’
(DBN)

Citi sells $146 mln loan in Puerto Rico's power authority - sources
(DBN)

Puerto Rico default fears
(DBN)

Is PERS an unsolvable problem?
(DBN)

Renegotiating Retiree Health Care Plans After New Supreme Court Guidance
(DBN)

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Student Debt:

Should Bankruptcy Address Student Debt?
(DBN)

Bankruptcy of Corinthian Colleges Highlights Loan Forgiveness Issue Kamala Wants to Cancel Billions in Corinthian College Student Loans
(DBN)

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Food/Beverage:

Why Wendy's is selling off 640 restaurants
(DBN)

FDA: Blue Bell Knew and Shipped Ice Cream Anyway Blue Bell Plant: 16 Times Positive for Listeria
(DBN)

Whole Foods is crashing Whole Foods' biggest problem in one chart
(DBN)

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Oil/Gas:

Crude-oil prices struggle for gains Contrarian indicator says the oil rally is over Oil Price Recovery May Be Too Much Too Soon
(DBN)

Worst of energy layoffs are likely over...for now
(DBN)

Apache takes big writedown, report loss for the quarter
(DBN)

Shale and Petroleum – The Big Picture (Part 3)
(DBN)

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Religion:

Bankruptcy judge sets November hearing on archdiocese reorganization
(DBN)

Parishes get more say in Twin Cities archdiocese bankruptcy
(DBN)

Antioch abuse victim may lose judgment following bankruptcy
(DBN)

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Hockey:

Date proposed for sale of Erie Otters
(DBN)

Otters Preferred Buyer Intends to Keep Team In Erie
(DBN)

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Golf:

Houston Texans Owner to Buy S.C. Golf Course That Filed for Bankruptcy
(DBN)

270-home plan submitted for Country Club
(DBN)

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Small Business:

Why Too Many Business Owners Bet Their Own Homes (And What They Could Do Differently)
(DBN)

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Fishing:

Court seizes assets of former Pescanova chairman
(DBN)

____________

Gas Stations:

Judge: Lukoil entitled to move on from bankrupt franchisee
(DBN)

____________

Currency:

The Mt. Gox Post- Bankruptcy Claims: A Detailed Guide
(DBN)

____________

Credit Reporting:

2 banks agree to erase debts from credit reports after bankruptcies JP Morgan, BofA to Clear Some Debt From Credit Reports, NYT Says
(DBN)

____________

Fraud:

On Second Thought, Accused MF Global Market Manipulator Would Just As Soon Not Go To Trial
(DBN)

____________

Compensation:

Look At These Paupers: The 25 Highest Paid Hedge Fund Managers Of Last Year Made A Trifling $11.62 Billion
(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 (19 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (9 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)

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Bankruptcy Bonuses:

Standard Register bankruptcy trustee objects to $4.3M bonus plan
(DBN)

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Proofs of Claim:

Stale Debts in Bankruptcy
(DBN)

What’s Not a Claim In Bankruptcy?
(DBN)

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Plan Confirmation:

High Court Ruling Will Lead To More Timid Bankruptcy Plans
(DBN)

Supreme Court Weighs-In on the Finality of Confirmation Orders (Part 1)
(DBN)

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TBTF:

U.S. Seeks Dismissal of MetLife Suit Challenging Systemic Designation
(DBN)

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Electricity:

Optim Energy Scraps Bankruptcy Auction
(DBN)

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Biotech:

Hedgie: This biotech stock is going to zero
(DBN)

____________

Tech:

Watchdogs Seek Examiner for Ex-Apple Supplier GT Advanced
(DBN)

Tesla’s alarming cash burn is actually a thing of beauty When Elon Musk Spends More Than Half A Billion Dollars In One Quarter, It’s Art
(DBN)

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Mass Torts:

Asbestos firm says Garlock’s attempt to probe claimants’ info ‘brazen’ and its argument ‘highly indignant’
(DBN)

Asbestos-Victims May Face Govt. Repayment Issue
(DBN)

____________

Auto Racing:

Caterham F1 team's former factory to be sold
(DBN)

____________

Coal:

Walter Energy high yield debt languishes at lows after going-concern warning
(DBN)

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Sovereigns:

Vulture fund has Argentine embassy accounts confiscated in Belgium Argentina denies as 'inexact' any embargo on embassy bank funds in Belgium Gov't denies embassy accounts were confiscated in Belgium
(DBN)

Hedge funds freeze bank accounts in push for Argentina debt deal
(DBN)

NML threatens to 'attach' Argentine assets wherever they find them
(DBN)

Argentina To Go On Being Argentina For The Rest Of Time
(DBN)

____________

UK:

When the Pension is Not Protected by the Protection Fund
(DBN)

UK stocks celebrate election results; sterling soars 6 things you should know about the UK's historic election UK election: Now what? Scottish surge and ‘Brexit’
(DBN)

All law firm senior associates in the City are richer as a result of the election
(DBN)

____________

PIIGS:

Biggest Greek brain drain since death of Socrates
(DBN)

Greece defies creditors, refuses to cut pensions, ease layoffs
(DBN)

The eurozone is refusing to change its position on Greek debt Greek bailout talks near ‘drop dead’ moment
(DBN)

The Greek exit from the Euro will be costly
(DBN)

Greek bank bailout fund CEO asked to resign
(DBN)

Is the German elite miscalculating the fallout from Grexit?
(DBN)

Greek prime minister optimistic of EU deal 'soon'
(DBN)

Things Greek Finance Minister Yanis Varoufakis Isn’t Sweating Right Now: Getting A Deal Done With Creditors, Getting Invited To The Euro-Area Fin-Min Potluck Dinner
(DBN)

Mediobanca CEO says expects tax measures on loan losses
(DBN)

ie: Banks that veto debt deals face being overruled by the courts Irish household debt burden 'remains huge'
(DBN)

____________

Canada:

Major mine operator in Northern BC warns of possible bankruptcy
(DBN)

____________

Germany:

German trade data, factory output drop point to weaker Q1
(DBN)

____________

Mexico:

Anger could derail Mexico's economic recovery
(DBN)

____________

Hungary:

Hungary govt could weigh new personal bankruptcy law
(DBN)

____________

Argentina:

Is Argentina's economy pulling a tango turnaround?
(DBN)

____________

China:

China exports, imports fall sharply in April
(DBN)

____________

Bulgaria:

TV7 owes Bulgaria's CorpBank BGN 300 million
(DBN)

____________

Brazil:

Brazil's Massive Corruption Scandal Has Bitterness Replacing Hope
(DBN)

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